Common use of Transfer of the Founder Shares Clause in Contracts

Transfer of the Founder Shares. (a) Transferor hereby transfers (the “Transfer”) to Transferee such number of shares of the Company’s common stock (the “Shares”) set forth on Annex A hereto opposite its name against the simultaneous delivery by wire transfer to an account previously specified in writing by Transferor to Transferee of the consideration specified in such Annex A. (b) Transferor shall cause Company’s transfer agent, Continental Stock Transfer & Trust Company (“CST”) to (i) irrevocably transfer to Transferee the Shares and (ii) provide written evidence satisfactory to Transferee and its counsel of the occurrence of (i), above.

Transfer of the Founder Shares. (a) Each Transferor hereby transfers (the “Transfer”) to Transferee such number of their shares of the Company’s common stock (the “Founder Shares”) set forth on Annex A hereto opposite its name against the simultaneous delivery by wire transfer to an account previously specified in writing by Transferor to Transferee of the their respective names thereon for good and valuable consideration specified in such Annex A.already received. (b) Transferor Transferors shall cause Company’s transfer agent, Continental Stock Transfer & Trust Company (“CST”) CST to (i) irrevocably transfer to Transferee the Founder Shares, from the accounts of the applicable Transferors, with such Founder Shares and (ii) provide written evidence satisfactory to Transferee and its counsel of the occurrence of (i), above.