Common use of Waiver of Liquidation Distributions; Conversion Rights Clause in Contracts

Waiver of Liquidation Distributions; Conversion Rights. In connection with the Units and other Securities purchased pursuant to this Agreement and any other Company securities purchased on a private placement basis, the Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the Trust Account, as such term is defined in the Registration Statement, in the event of a liquidation of the Company upon the Company’s failure to timely complete a Business Combination. For purposes of clarity, in the event the Purchaser purchases shares of Common Stock in the IPO or in the aftermarket, any additional shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will Purchaser have the right to redeem any shares of Common Stock, regardless of how acquired, in connection with any stockholder vote to extend the period to consummate a Business Combination or with respect to a Business Combination.

Waiver of Liquidation Distributions; Conversion Rights. In connection with the Units and other Securities purchased pursuant to this Agreement and any other Company securities purchased on a private placement basis, the Purchaser Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the Trust Account, as such term is defined in the Registration Statement, in the event of a liquidation of the Company upon the Company’s failure to timely complete a Business Combination. For purposes of clarity, in the event the Purchaser Subscriber purchases shares of Common Stock in the IPO or in the aftermarket, any additional shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will Purchaser Subscriber have the right to redeem any shares of Common Stock, regardless of how acquired, in connection with any stockholder vote to extend the period to consummate a Business Combination or with respect to a Business Combination.