Common use of Unit Purchase Option Clause in Contracts

Unit Purchase Option. THIS CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of Xxxxx X. Xxxxx, (a "Holder"), as registered owner of this Unit Purchase Option, to Sand Hill IT Security Acquisition Corp. (the "Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or July 25, 2005 (the "Commencement Date"), and at or before 5:00 p.m., Eastern Time, July 25, 2009 (the "Expiration Date"), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to Twenty Five Thousand Nine Hundred Seventy Nine (25,979) units (the "Units") of the Company, each Unit consisting of one share of common stock of the Company, par value $0.01 per share (the "Common Stock"), and two warrants (the "Warrant(s)") expiring five years from the effective date (the "Effective Date") of the registration statement (the "Registration Statement") pursuant to which Units are offered for sale to the public (the "Offering"). Each Warrant is the same as the warrants included in the Units being registered for sale to the public (the "Public Warrants") under the Securities Act of 1933, as amended (the "Act") except that the exercise price of the Warrants shall be $6.65 per share. If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Unit Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein.

Unit Purchase Option. THIS CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of Xxxxx X. XxxxxMaxim Group, LLC, (a "Holder"), as registered owner of this Unit Purchase Option, to Sand Hill IT Security Acquisition Corp. (the "Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or July 25, 2005 (the "Commencement Date"), and at or before 5:00 p.m., Eastern Time, July 25, 2009 (the "Expiration Date"), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to Twenty Five Two Thousand Nine Two Hundred Seventy Nine (25,97922,200) units (the "Units") of the Company, each Unit consisting of one share of common stock of the Company, par value $0.01 per share (the "Common Stock"), and two warrants (the "Warrant(s)") expiring five years from the effective date (the "Effective Date") of the registration statement (the "Registration Statement") pursuant to which Units are offered for sale to the public (the "Offering"). Each Warrant is the same as the warrants included in the Units being registered for sale to the public (the "Public Warrants") under the Securities Act of 1933, as amended (the "Act") except that the exercise price of the Warrants shall be $6.65 per share. If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Unit Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein.. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Unit Purchase Option. This Unit Purchase Option is initially exercisable at $7.50 per Unit so purchased; provided, however, that

Unit Purchase Option. THIS CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of Xxxxx X. XxxxxNewbridge Securities Corporation, (a "Holder"), as registered owner of this Unit Purchase Option, to Sand Hill IT Security Acquisition Corp. (the "Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or July 25, 2005 (the "Commencement Date"), and at or before 5:00 p.m., Eastern Time, July 25, 2009 (the "Expiration Date"), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to Twenty Five Eighty Nine Thousand Nine Four Hundred Seventy Nine Eighty Three (25,97989,483) units (the "Units") of the Company, each Unit consisting of one share of common stock of the Company, par value $0.01 per share (the "Common Stock"), and two warrants (the "Warrant(s)") expiring five years from the effective date (the "Effective Date") of the registration statement (the "Registration Statement") pursuant to which Units are offered for sale to the public (the "Offering"). Each Warrant is the same as the warrants included in the Units being registered for sale to the public (the "Public Warrants") under the Securities Act of 1933, as amended (the "Act") except that the exercise price of the Warrants shall be $6.65 per share. If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Unit Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein.. During the period ending on the Expiration Date, the Company agrees not to take

Unit Purchase Option. THIS CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of Xxxxx X. XxxxxBroadband Capital Management, LLC, (a "Holder"), as registered owner of this Unit Purchase Option, to Sand Hill IT Security Acquisition Corp. (the "Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or July 25, 2005 (the "Commencement Date"), and at or before 5:00 p.m., Eastern Time, July 25, 2009 (the "Expiration Date"), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to Twenty Five Sixteen Thousand Nine Eight Hundred Seventy Nine Five (25,97916,875) units (the "Units") of the Company, each Unit consisting of one share of common stock of the Company, par value $0.01 per share (the "Common Stock"), and two warrants (the "Warrant(s)") expiring five years from the effective date (the "Effective Date") of the registration statement (the "Registration Statement") pursuant to which Units are offered for sale to the public (the "Offering"). Each Warrant is the same as the warrants included in the Units being registered for sale to the public (the "Public Warrants") under the Securities Act of 1933, as amended (the "Act") except that the exercise price of the Warrants shall be $6.65 per share. If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Unit Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein.. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Unit

Unit Purchase Option. THIS CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of Xxxxx X. XxxxxI-Bankers Securities Incorporated, (a "Holder"), as registered owner of this Unit Purchase Option, to Sand Hill IT Security Acquisition Corp. (the "Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or July 25, 2005 (the "Commencement Date"), and at or before 5:00 p.m., Eastern Time, July 25, 2009 (the "Expiration Date"), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to Twenty Five One Hundred Fifteen Thousand Nine Four Hundred Seventy Nine Sixty Three (25,979115,463) units (the "Units") of the Company, each Unit consisting of one share of common stock of the Company, par value $0.01 per share (the "Common Stock"), and two warrants (the "Warrant(s)") expiring five years from the effective date (the "Effective Date") of the registration statement (the "Registration Statement") pursuant to which Units are offered for sale to the public (the "Offering"). Each Warrant is the same as the warrants included in the Units being registered for sale to the public (the "Public Warrants") under the Securities Act of 1933, as amended (the "Act") except that the exercise price of the Warrants shall be $6.65 per share. If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Unit Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein.. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate