Common use of Voting and Redemption of Ordinary Shares Clause in Contracts

Voting and Redemption of Ordinary Shares. The Subscriber acknowledges that it will be subject to the provisions of the Insider Letter requiring that the Subscriber (i) vote all of the Class B Ordinary Shares held by it in favor of any proposed initial business combination (including any proposals recommended by the board of directors of the Company in connection with such initial business combination) and not redeem any Class B Ordinary Shares held by it in connection with such shareholder approval and (ii) waive, with respect to any Class B Ordinary Shares held by it, any redemption rights it may have in connection with the consummation of an initial business combination, including any such rights available in the context of a shareholder vote to approve such initial business combination or a shareholder vote to approve certain amendments to the Articles.