Common use of Unit Purchase Agreements Clause in Contracts

Unit Purchase Agreements. The (i) Sponsor has executed and delivered a unit purchase agreement, the form of which is filed as an exhibit to the Registration Statement (the “Sponsor Unit Purchase Agreement”), and (ii) Representative has executed and delivered a unit purchase agreement, the form of which is filed as an exhibit to the Registration Statement (the “Representative Unit Purchase Agreement”), pursuant to which the Sponsor and the Representative will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Placement Units as provided for in their respective unit purchase agreement. Pursuant to the Sponsor Unit Purchase Agreement and the Representative Unit Purchase Agreement, respectively, (i) each of the Sponsor and the Representative has waived any and all rights and claims each may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Securities, and (ii) the proceeds from the sale of the Placement Securities will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date as provided for in the Sponsor Unit Purchase Agreement and the Representative Unit Purchase Agreement.

Unit Purchase Agreements. The (i) Sponsor has executed and delivered a unit purchase agreement, the form of which is filed as an exhibit to the Registration Statement (the “Sponsor Unit Purchase Agreement”), and (ii) Representative has executed and delivered a unit purchase agreement, the form of which is filed as an exhibit to the Registration Statement (the “Representative Unit Purchase Agreement”), pursuant to which the Sponsor and the Representative will, among other things, on the Closing Date or Option Closing Date, consummate the purchase of and deliver the purchase price for the Placement Units as provided for in their respective unit purchase agreement. Pursuant to the Sponsor Unit Purchase Agreement and the Representative Unit Purchase Agreement, respectively, (i) each of the Sponsor and the Representative has waived any and all rights and claims each may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Securities, and (ii) the proceeds from the sale of the Placement Securities will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date or the Option Closing Date as provided for in the Sponsor Unit Purchase Agreement and the Representative Unit Purchase Agreement.