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 but they (i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless basis at the holder’s option, in either case as long as they are held by the initial stockholders or their Permitted Transferees (as defined in Section 5.6 hereof). Once a Private Warrant or Working Capital Warrant is transferred to a holder other than a Permitted Transferee, it will be redeemable by the Company and exercisable by the holder on the same basis as the Public Warrants.