Common use of Additional Placement Warrants Clause in Contracts

Additional Placement Warrants. Simultaneously with the Option Closing, the Sponsor shall purchase from the Company pursuant to the Subscription Agreement (as defined in Section 2.23.2 hereof) an additional number of warrants (up to a maximum of 270,000 warrants) (the “Additional Placement Warrants”), at a purchase price of $1.00 per Additional Placement Warrant in a private placement (the “Additional Private Placement”). Each Additional Placement Warrant shall be identical to the warrants sold in the Offering except as disclosed in the Prospectus. Except as disclosed in registration statement, 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 Private Securities.

Additional Placement Warrants. Simultaneously with the Option Closing, the Sponsor shall purchase from the Company pursuant to the Subscription Agreement (as defined in Section 2.23.2 hereof) an additional number of warrants (up to a maximum of 270,000 225,000 warrants) (the “Additional Placement Warrants”), at a purchase price of $1.00 per Additional Placement Warrant in a private placement (the “Additional Private Placement”). Each Additional Placement Warrant shall be identical to the warrants sold in the Offering except as disclosed in the Prospectus. Except as disclosed in registration statement, 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 Private Securities.