Common use of Additional Placement Units Clause in Contracts

Additional Placement Units. Simultaneously with the Option Closing, I-Bankers shall purchase from the Company pursuant to the Subscription Agreement (as defined in Section 2.24.2 hereof) an aggregate of 45,675 units (the “Additional Placement Units”), pro rata with the amount of the Over-allotment Option exercised by the Representative so that at least $10.10 per share of Common Stock sold to the public in the Offering is held in the Trust Account regardless of whether the over-allotment option is exercised in full or part, at a purchase price of $10.00 per Additional Placement Unit in a private placement (the “Additional Private Placement”). The Additional Placement Units and the securities underlying the Additional Placement Units are hereinafter referred to collectively as the “Additional Placement Securities.” The Additional Placement Units shall be identical to the Placement Units. There will be no placement agent in the Additional Private Placement and no party shall be entitled to a placement fee or expense allowance from the sale of the Additional Placement Securities.

Additional Placement Units. Simultaneously with the Option Closing, I-Bankers the Sponsor shall purchase from the Company pursuant to the Subscription Agreement Agreements (as defined in Section 2.24.2 2.23.2 hereof) an aggregate of 45,675 units (the “Additional Placement Units”)additional 22,500 units, pro rata with the amount of the Over-allotment Option exercised by the Representative so that at least $10.10 10.00 per share of Common Stock Unit sold to the public in the Offering is held in the Trust Account trust regardless of whether the overOver-allotment option Option is exercised in full or partpart (the “Additional Placement Units”), at a purchase price of $10.00 per Additional Placement Unit in a private placement (the “Additional Private Placement”). The Additional Placement Units Units, the Ordinary Shares and the securities underlying Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the Ordinary Shares issuable upon conversion of the Additional Placement Rights are hereinafter referred to collectively as the “Additional Placement Securities.” The Each Additional Placement Units Unit shall be identical to the Placement UnitsUnits sold in the Offering. There will be no placement agent in the Additional Private Placement and no party shall be entitled to a placement fee or expense allowance from the sale of the Additional Placement Private Securities.

Additional Placement Units. Simultaneously with the Option Closing, I-Bankers the Sponsor shall purchase from the Company pursuant to the Subscription Agreement Agreements (as defined in Section 2.24.2 2.23.2 hereof) an aggregate of 45,675 units (the “Additional Placement Units”)up to 15,000 additional units, pro rata with the amount of the Over-allotment Option exercised by the Representative so that at least $10.10 10.00 per share of Common Stock Unit sold to the public in the Offering is held in the Trust Account trust regardless of whether the overOver-allotment option Option is exercised in full or partpart (the “Additional Placement Units”), at a purchase price of $10.00 per Additional Placement Unit in a private placement (the “Additional Private Placement”). The Additional Placement Units Units, the shares of Common Stock and the securities underlying Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the shares of Common Stock issuable upon conversion of the Additional Placement Rights are hereinafter referred to collectively as the “Additional Placement Securities.” The Each Additional Placement Units Unit shall be identical to the Placement UnitsUnits sold in the Offering. There will be no placement agent in the Additional Private Placement and no party shall be entitled to a placement fee or expense allowance from the sale of the Additional Placement Private Securities.