Founders’ Shares definition

Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.

Founders’ Shares means all of the shares of Common Stock of the Company owned by a Founder prior to the IPO, (v) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO, (vi) “Founders’ Warrants” shall mean all Warrants to purchase shares of Common Stock of the Company owned by a Founder prior to the IPO, other than the Sponsors’ Warrants; (vii) “Founders’ Units” shall mean the 25,875,000 Units issued by the Company to the Founders prior to the IPO, of which the Founders’ Shares and the Founders’ Warrants are a part; (viii) “Sponsors’ Warrants” shall mean the 12,000,000 Warrants to purchase shares of Common Stock to be issued to the Sponsors in a private placement immediately prior to the IPO; (ix) “Co-Investment Units” shall mean the 6,000,000 Units of the Company to be issued to the Sponsors in a private placement that will occur immediately prior to the consummation of a Business Combination by the Company; (x) “Co-Investment Shares” shall mean the Common Stock underlying the Co-Investment Units; (xi) “Co-Investment Warrants” shall mean the Warrants to Liberty Acquisition Holdings Corp. Citigroup Global Markets Inc. Page 2

Founders’ Shares means all of the shares of Common Stock of the Company acquired by an Insider prior to the IPO; (iv) “IPO Shares” means the shares of Common Stock issued in the Company’s IPO; (v) “Private Warrants” means the warrants that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Agreement” means the Investment Management Trust Agreement between the Company and Continental Stock Transfer & Trust Company being entered into in connection with the IPO and governing the use of funds held in the Trust Account; (vii) “Trust Account” means the trust account into which a portion of the net proceeds of the IPO and sale of Private Warrants will be deposited; and (viii) “Registration Statement” means the Company’s registration statement on Form S-1 (SEC File No. 333-252011) filed with the Securities and Exchange Commission.

Examples of Founders’ Shares in a sentence

• The foregoing provisions are hereby deemed to be a part of each Stock Award and to supersede any less favorable provision in any agreement or plan regarding such Stock Award, and shall be in addition to the accelerated vesting of the Founders’ Shares under the Stock Restriction Agreement.

• Additionally, the holders of Founders’ Shares shall not have conversion rights with respect to the Founders’ Shares nor shall they be entitled to sell such Founders’ Shares to the Company in any tender offer in connection with a proposed Business Combination.

• The Founders’ Shares shall have the terms set forth in the Certificate of Incorporation of the Company and the Founders’ Share Certificate attached as Exhibit B hereto.

• The Founders’ Shares conform in all material respects to the descriptions thereof contained in the Registration Statement, the Statutory Prospectus and the Prospectus, as the case may be.

• The certificates evidencing the Founders’ Units and the Founders’ Shares will include the legend set forth on Exhibits A and B hereto, respectively, which the Purchaser has read and understands.

More Definitions of Founders’ Shares

Founders’ Shares shall have the meaning given in the Recitals hereto.

Founders’ Shares means 40 shares with a par value of $25 per share, 20 of which were issued to MacroShares Housing Depositor, LLC and 20 of which were issued to MacroMarkets LLC in exchange for the Initial Deposit.

Founders’ Shares means the shares of Common Stock issued to the Founders.

Founders’ Shares means the shares of Common Stock of the Company issued to the Founders as of the date of this Agreement or at any time in the future.

Founders’ Shares means any Shares held by any of the Founders.

Founders’ Shares means the 1,725,000 shares of Common Stock of the Company acquired by the Sponsors for an aggregate purchase price of $25,000, or approximately $0.015 per share of Common Stock, prior to the consummation of the Offering plus the 172,500 shares of Common Stock issued to the Sponsors as a dividend; (iv) “Public Stockholders” shall mean the holders of Common Stock issued in the Offering; (v) “Sponsors’ Shares” shall mean the 586,250 shares of Common Stock (which amount shall be increased proportionately to up to 658,250 shares of Common Stock if a portion or all of the over-allotment option in connection with the Offering is exercised) that are acquired by the Sponsors at a price per Share of $8.00 in a private placement that shall close simultaneously with the consummation of the Offering; (vi) “Subscription Agreement” shall mean the subscription agreement that each Sponsor entered into committing itself to purchase his, her or its portion of the Sponsors’ Shares; (vii) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Offering and all of the net proceeds from the sale of Sponsors’ Shares will be deposited; and (viii) “Escrow Agreement” shall mean the stock escrow agreement to be entered into among the Company, the Sponsors and the escrow agent named therein, as described in the Prospectus.

Founders’ Shares is defined in the preamble to this Agreement.