Common use of Purchase from Third Parties Clause in Contracts

Purchase from Third Parties. The Buyer agrees that after SPAC files a proxy statement and/or registration statement relating to the transactions contemplated by the Acquisition Agreement (collectively, the “Registration Statement”), the Buyer will have the right but not the obligation to acquire up to US$15,000,000 aggregate amount of shares of SPAC in open market or private transactions at prices of no greater than the redemption price per Share disclosed in the most recently filed Registration Statement plus $0.05 (the “Price Per Share”). In order to effectuate the foregoing, to the extent legally permitted to do so, the Buyer shall enter bids at the Price Per Share (or at a lower price not less than $0.01 below the posted market offer price if and only if the posted market offer price is below the Price Per Share) on the business day after SPAC files the Registration Statement until the business day prior to the shareholder’s meeting relating to the Business Combination. The aggregate purchase amount of the Buyer hereof shall be referred to as “Purchase Amount.” The Buyer hereby agrees and undertakes that it will not exercise any right of redemption with respect to any shares of the SPAC it may acquire under this Section 1.01 (Purchase from Third Parties) hereof.

Purchase from Third Parties. The Buyer agrees that after SPAC files a proxy statement and/or registration statement relating to the transactions contemplated by the Acquisition Agreement (collectively, the “Registration Statement”), the Buyer will have the right but not the obligation to acquire up to US$15,000,000 aggregate amount of shares of SPAC in open market or private transactions at prices of no greater than the redemption price per Share disclosed in the most recently filed Registration Statement plus $0.05 (the “Price Per Share”). In order to effectuate the foregoing, to the extent legally permitted to do so, the Buyer shall enter bids at the Price Per Share (or at a lower price not less than $0.01 below the posted market offer price if and only if the posted market offer price is below the Price Per Share) on the business day after SPAC files the Registration Statement until the business day prior to the shareholder’s meeting relating to the Business Combination. The aggregate purchase amount of the Buyer hereof shall be referred to as “Purchase Amount.” The Buyer hereby agrees and undertakes that it will not exercise any right of redemption with respect to any shares of the SPAC it may acquire so acquired under this Section 1.01 (Purchase from Third Parties) hereof.