Common use of Private Warrant and Working Capital Warrant Attributes Clause in Contracts

Private Warrant and Working Capital Warrant Attributes. The Private Warrants and Working Capital Warrants will be issued in the same form as the Public Warrants, except that so long as they are held by the initial purchasers or their Permitted Transferees (as prescribed in Section 5.6 hereof), the Private Warrants and the Working Capital Warrants: (i) will not be redeemable by the Company pursuant to Section 6.1.1 hereof, (ii) may be exercised for cash or on a cashless basis, pursuant to Section 3.3.1(c) hereof, and (iii) with respect to Private Warrants held by Stifel, will not be exercisable more than five years from the commencement of sales of the Public Offering in accordance with FINRA Rule 5110(g)(8)(A). Once a Private Warrant or Working Capital Warrant is transferred to a holder other than an affiliate or Permitted Transferee, it shall be treated as a Public Warrant hereunder for all purposes.