Common use of Purchase Option Clause in Contracts

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___, which is equal to _________ (___%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 7 contracts

Sources: Underwriting Agreement (Paramount Acquisition Corp), Underwriting Agreement (Paramount Acquisition Corp), Underwriting Agreement (Jaguar Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)Units. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ (___%) % of the initial public offering price of a Unit). The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants included in the Representative's Warrants ’s Units (“Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 6 contracts

Sources: Underwriting Agreement (Rand Acquisition Corp. II), Underwriting Agreement (Rand Acquisition Corp. II), Underwriting Agreement (Pantheon China Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 426,667 units ("Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of the Warrant shall be $____ 6.25, which is equal to one hundred twenty-five percent (___% 125%) of the exercise price of the Warrants warrants included in the Firm Units sold to the public("REPRESENTATIVE'S WARRANTS"). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___7.50, which is equal to _________ one hundred twenty-five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 5 contracts

Sources: Underwriting Agreement (Pharmamatrix Acquisition CORP), Underwriting Agreement (Pharmamatrix Acquisition CORP), Underwriting Agreement (Pharmamatrix Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ units Series A Units and/or Series B Units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Representative’s Units sold to shall be $ per share and the public)Class Z Warrants included in the Representative’s Units shall be exercisable by the Representative terminating on the five-year anniversary of the Effective Date. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ (___%) of the initial public offering price of a $ per Series A Unit and $ per Series B Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants underlying the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 5 contracts

Sources: Underwriting Agreement (Israel Growth Partners Acquisition Corp.), Underwriting Agreement (Israel Growth Partners Acquisition Corp.), Underwriting Agreement (Global Services Partners Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 550,000 units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that Units, including the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in warrants constituting the Units sold to purchase Common Stock (sometimes referred to as the public“Representative’s Warrants). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year fifth anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___10.00, which is equal to _________ 125 percent (___125%) of the initial public offering price of a Unit, and may be exercised on a cashless basis. The Representative's ’s Purchase Option, the Representative's ’s Units, the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 5 contracts

Sources: Underwriting Agreement (2020 ChinaCap Acquirco, Inc.), Underwriting Agreement (2020 ChinaCap Acquirco, Inc.), Underwriting Agreement (2020 ChinaCap Acquirco, Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of _______ units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)Units. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___, which is equal to _________ (___%) % of the initial public offering price of a Unit). The Representative's Purchase Option, the Representative's Units, the Warrants included in the Representative's Warrants Units ("Representative's Warrants") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 5 contracts

Sources: Underwriting Agreement (Renaissance Acquisition Corp.), Underwriting Agreement (Renaissance Acquisition Corp.), Underwriting Agreement (Renaissance Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 300,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the exercise price of the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of shall be $____ (___% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $____, which is equal to _________ percent (___%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Units and the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 4 contracts

Sources: Underwriting Agreement (Chardan China Acquisition Corp III), Underwriting Agreement (Chardan China Acquisition Corp III), Underwriting Agreement (Chardan China Acquisition Corp II)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)Units. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ (___%) % of the initial public offering price of a Unit). The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants included in the Representative's Warrants ’s Units (“Representative’s Warrants”) and the shares of Common Stock Ordinary Shares issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Dateand underlying securities, as set forth in Section 3 of the Representative's ’s Purchase Option. Specifically, the Representative’s Securities are subject to a 180-day lock-up pursuant to Rule 2710(g)(1) of the Conduct Rules of the National Association of Securities Dealers, Inc. (“NASD”). Additionally, the Representative’s Purchase Option may not be sold, transferred, assigned, pledged or hypothecated for a one-year period (including the foregoing 180-day period) following the Effective Date except to any underwriter and selected dealer participating in the Offering and their bona fide officers or partners.

Appears in 4 contracts

Sources: Underwriting Agreement (China Discovery Acquisition Corp.), Underwriting Agreement (China Discovery Acquisition Corp.), Underwriting Agreement (China Discovery Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 750,000 units ("Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's WarrantsREPRESENTATIVE'S WARRANTS") have an exercise price of $____ 6.65 (___133% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___7.50, which is equal to _________ one hundred and twenty-five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants included in the Representatives Units (the "REPRESENTATIVE WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 4 contracts

Sources: Underwriting Agreement (InterAmerican Acquisition Group Inc), Underwriting Agreement (InterAmerican Acquisition Group Inc), Underwriting Agreement (InterAmerican Acquisition Group Inc)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of _______ units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___, which is equal to _________ (___%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 4 contracts

Sources: Underwriting Agreement (Courtside Acquisition Corp), Underwriting Agreement (Courtside Acquisition Corp), Underwriting Agreement (Courtside Acquisition Corp)

Purchase Option. The As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Closing Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 500,000 units ("the “Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)100.00. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) the consummation closing of a the Business Combination Combination, or (ii) six (6) months from the Effective Date, and one year expiring on the earlier of five (5) years from the Effective Date and expiring the day immediately prior to the day on which the five-year anniversary Company and all of the Effective Date its successors have been dissolved, for cash or on a cashless basis, at an initial exercise price per Representative's ’s Unit of $___11.50, which is equal to _________ one hundred and fifteen percent (___115%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Ordinary Shares, the Rights included in the Representative's Warrants ’s Units (the “Representative’s Rights”) and the shares of Common Stock Warrants included in the Representative’s Units (the “Representative’s Warrants”) and the Ordinary Shares issuable upon exercise pursuant to the terms of the Representative's ’s Rights and the Representative’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year six (6) months after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 4 contracts

Sources: Underwriting Agreement (Wealthbridge Acquisition LTD), Underwriting Agreement (Wealthbridge Acquisition LTD), Underwriting Agreement (Alberton Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 600,000 units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)Units. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ 8.80 (___%) 110% of the initial public offering price of a Unit). The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants included in the Representative's Warrants ’s Units (“Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 4 contracts

Sources: Underwriting Agreement (Rand Acquisition Corp. II), Underwriting Agreement (North Shore Acquisition Corp.), Underwriting Agreement (Hyde Park Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 315,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units, including the warrants constituting the Units except that to purchase Ordinary Shares (sometimes referred to as the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___, which is equal to _________ 10.00 (___%) 125% of the initial public offering price of a Unit). The Representative's Purchase Option, the Representative's Units, the Ordinary Shares contained within the Representative's Units, the Representative's Warrants and the shares of Common Stock Ordinary Shares issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option Securities during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 4 contracts

Sources: Underwriting Agreement (ChinaGrowth North Acquisition CORP), Underwriting Agreement (ChinaGrowth South Acquisition CORP), Underwriting Agreement (ChinaGrowth North Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ units 1,250,000 Units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)Units. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ (___%) of the initial public offering price of a 10.00 per Representative’s Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants underlying the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 4 contracts

Sources: Underwriting Agreement (Stoneleigh Partners Acquisition Corp.), Underwriting Agreement (Stoneleigh Partners Acquisition Corp.), Underwriting Agreement (Stoneleigh Partners Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 250,000 units (the "Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units except that and the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)5.00. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___6.60, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the shares of Common Stock and the Warrants included in the Representative's Warrants Units (the "REPRESENTATIVE'S WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 3 contracts

Sources: Underwriting Agreement (Harbor Business Acquisition Corp.), Underwriting Agreement (Highpoint Acquisition Corp.), Underwriting Agreement (Highpoint Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 525,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)Units. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the fivefour-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___, which is equal to _________ 10.00 (___%) 125% of the initial public offering price of a Unit). The Representative's Purchase Option, the Representative's Units, the Warrants included in the Representative's Warrants Units ("Representative's Warrants") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 3 contracts

Sources: Underwriting Agreement (Inter-Atlantic Financial, Inc.), Underwriting Agreement (Inter-Atlantic Financial, Inc.), Underwriting Agreement (Inter-Atlantic Financial, Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 450,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units, including the warrants constituting the Units except that to purchase Common Stock (sometimes referred to as the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___, which is equal to _________ 10.00 (___%) 125% of the initial public offering price of a Unit), and may be exercised on a cashless basis. The Representative's Purchase Option, the Representative's Units, the Common Stock contained within the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option Securities during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 3 contracts

Sources: Underwriting Agreement (FMG Acquisition Corp), Underwriting Agreement (FMG Acquisition Corp), Underwriting Agreement (FMG Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 500,000 units ("the “Representative's ’s Units") for an aggregate purchase price of $100100.00. Each of the Representative's ’s Units is identical to the Firm Units Units, except that the Warrants included in the Representative's ’s Units ("Representative's “Representatives Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___7.50, which is equal to _________ one hundred and twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants included in the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 3 contracts

Sources: Underwriting Agreement (India Globalization Capital, Inc.), Underwriting Agreement (India Globalization Capital, Inc.), Underwriting Agreement (India Globalization Capital, Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 700,000 units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that Units, including the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in warrants constituting the Units sold to purchase Common Stock (sometimes referred to as the public“Representative’s Warrants”). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ 10.00 (___%) 125% of the initial public offering price of a Unit), and may be exercised on a cashless basis. The Representative's ’s Purchase Option, the Representative's ’s Units, the Common Stock contained within the Representative’s Units, the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option ’s Securities during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 3 contracts

Sources: Underwriting Agreement (TM Entertainment & Media, Inc.), Underwriting Agreement (TM Entertainment & Media, Inc.), Underwriting Agreement (TM Entertainment & Media, Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 350,000 units ("Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's WarrantsREPRESENTATIVE'S WARRANTS") have an exercise price of $____ 6.65 (___133% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the fivefour-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___10.00, which is equal to _________ one hundred and twenty-five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants included in the Representatives Units (the "REPRESENTATIVE WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option. In addition, pursuant to Rule 2710(g)(1) of the NASD Conduct Rules, Rodman agrees that the Representative's Units, as well as the Rep▇▇▇▇▇▇ative's Securities issued to Rodman and/or its designees pursuant to the Representative's Purc▇▇▇▇ ▇ption shall not be sold during the offering, or sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition by Rodman and/or its designees for a period of 180 days immediately ▇▇▇▇▇▇ing the Effective Date or commencement of sales of the offering, except as provided in subparagraph (g)(2) of Rule 2710 of the NASD Conduct Rules.

Appears in 3 contracts

Sources: Underwriting Agreement (Asia Automotive Acquisition Corp.), Underwriting Agreement (Asia Automotive Acquisition Corp.), Underwriting Agreement (Asia Automotive Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ units Series A Units and/or _______ Series B Units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Representative’s Units sold to shall be $____ per share and the public)Class Z Warrants included in the Representative’s Units shall be exercisable by the Representative terminating on the five-year anniversary of the Effective Date. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ (per Series A Unit and $___%) of the initial public offering price of a _____ per Series B Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants underlying the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 3 contracts

Sources: Underwriting Agreement (Stoneleigh Partners Acquisition Corp.), Underwriting Agreement (Stoneleigh Partners Acquisition Corp.), Underwriting Agreement (Stoneleigh Partners Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 1,000,000 units ("the “Representative's ’s Units") for an aggregate purchase price of $100100.00. Each of the Representative's ’s Units is identical to the Firm Units Units, except that the Warrants included in the Representative's ’s Units ("Representative's “Representatives Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___7.50, which is equal to _________ one hundred and twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants included in the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 3 contracts

Sources: Underwriting Agreement (India Globalization Capital, Inc.), Underwriting Agreement (India Globalization Capital, Inc.), Underwriting Agreement (India Globalization Capital, Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 550,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)Units. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the fivefour-year anniversary of the Effective Date at an initial exercise price of $10.00 per Representative's Unit of $___, which is equal to _________ (___%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Warrants included in the Representative's Warrants Units ("Representative's Warrants") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 3 contracts

Sources: Underwriting Agreement (Taliera CORP), Underwriting Agreement (Taliera CORP), Underwriting Agreement (Taliera CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 275,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Tremisis Energy Acquisition Corp), Underwriting Agreement (Tremisis Energy Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 240,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (China Unistone Acquisition CORP), Underwriting Agreement (China Unistone Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 750,000 units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units, including the warrants constituting the Units to purchase Common Stock except that the Warrants warrants included in the Representative's ’s Units ("Representative's Warrants") have an exercise price per share of $____ 7.00 (___% of sometimes referred to as the exercise price of the Warrants included in the Units sold to the public“Representative’s Warrants”). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ 10.00 (___%) 125% of the initial public offering price of a Unit), and may be exercised on a cashless basis. The Representative's ’s Purchase Option, the Representative's ’s Units, the Common Stock contained within the Representative’s Units, the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option ’s Securities during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Arcade Acquisition Corp.), Underwriting Agreement (Arcade Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 500,000 units ("Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's WarrantsREPRESENTATIVE'S WARRANTS") have an exercise price of $____ (___% of will expire five years after the exercise price of the Warrants included in the Units sold to the public)Effective Date. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___8.80, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants included in the Representatives Units (the "REPRESENTATIVE WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (InterAmerican Acquisition Group Inc), Underwriting Agreement (InterAmerican Acquisition Group Inc)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 300,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Rand Acquisition CORP), Underwriting Agreement (Arpeggio Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 430,937 units ("the “Representative's ’s Units") for an aggregate purchase price of $100100.00. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 5.50 (___110% of the exercise price of the Warrants included in the Units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___8.80, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants included in the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Phoenix India Acquisition Corp.), Underwriting Agreement (Phoenix India Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 227,500 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the earlier of the consummation of a Business Combination and one year from or the Effective Date distribution of the Trust Fund to the Public Stockholders and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Millstream II Acquisition CORP), Underwriting Agreement (Millstream II Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 350,000 units ("the “Representative's ’s Units"”) (5% of the total number of Firm Units sold in the Offering) for an aggregate purchase price of $100100.00. Each of the Representative's ’s Units is identical to the Firm Units Units, except that the Warrants included in the Representative's ’s Units ("the “Representative's ’s Warrants") have an exercise price of $____ 7.50 (___125% of the exercise price of the Warrants included in the Units units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year hundred eighty (180) days from the Effective Date Date, and expiring on the five-year anniversary of the Effective Date Date, at an initial exercise price per Representative's ’s Unit of $___10.00, which is equal to _________ one hundred and twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Sub-Units underlying the Representative's ’s Purchase Option, the Representative’s Warrants and the shares of Common Stock Ordinary Shares underlying the Sub-Units and issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (China Growth Alliance LTD), Underwriting Agreement (China Growth Alliance LTD)

Purchase Option. The As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 125,000 units ("the “Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)100.00. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year or six months from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___11.00, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the shares of Common Stock and the Warrants included in the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year six months after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Pinpoint Advance CORP), Underwriting Agreement (Pinpoint Advance CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative Representatives (and/or their designees) on the Effective Date an option ("Representative's Representatives' Purchase Option") for the purchase of an aggregate of _______ units ("Representative's Representatives' Units") for an aggregate purchase price of $100. Each of the Representative's Representatives' Units is identical to the Firm Units except that the Warrants included in the Representative's Representatives' Units ("Representative's Representatives' Warrants") have an exercise price of $$ ______ (___% %) of the exercise price of the Warrants included in the Units sold to the public). The Representative's Representatives' Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Representatives' Unit of $$ _____, which is equal to _________ (____%) of the initial public offering price of a Unit. The Representative's Representatives' Purchase Option, the Representative's Representatives' Units, the Representative's Representatives' Warrants and the shares of Common Stock issuable upon exercise of the Representative's Representatives' Warrants are hereinafter referred to collectively as the "Representative's Representatives' Securities." The Public Securities and the Representative's Representatives' Securities are hereinafter referred to collectively as the "Securities." The Representative understands Representatives understand and agrees agree that there are significant restrictions against transferring the Representative's Representatives' Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Representatives' Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Coconut Palm Acquisition Corp.), Underwriting Agreement (Coconut Palm Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 450,000 units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that including the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in warrants constituting the Units sold to purchase Common Stock (sometimes referred to as the public“ Representative’s Warrants”). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ 8.80 (___%) 110% of the initial public offering price of a Unit) and may be exercised on a cashless basis. The Representative's ’s Purchase Option, the Representative's ’s Units, the Common Stock contained within the Representative’s Units, the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's Securities’s Securities ." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities“ Securities ." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option ’s Securities during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Camden Learning CORP), Underwriting Agreement (Camden Learning CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 350,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.35 (___127% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Tremisis Energy Acquisition Corp), Underwriting Agreement (Tremisis Energy Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 625,000 units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)100.00. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___8.80, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants included in Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective DateDate and by its acceptance thereof shall agree that it will not, as set forth in Section 3 of assign, pledge or hypothecate the Representative's ’s Purchase Option, or any potion thereof, for a period of one year following the Effective Date to anyone other than (i) ▇▇▇▇▇▇ or an Underwriter or a selected dealer in connection with the Offering, or (ii) a bona fide officer or partner of ▇▇▇▇▇▇ or of any such Underwriter or selected dealer.

Appears in 2 contracts

Sources: Underwriting Agreement (Argyle Security Acquisition CORP), Underwriting Agreement (Argyle Security Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Closing Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 1,200,000 units (the "Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is shall be identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's Warrants") shall have an exercise price of $____ 10.00 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of one year from the Effective Date, and (ii) the earlier of the consummation of a Business Combination or upon distribution of the Trust Fund to the public stockholders upon liquidation and one year from dissolution of the Effective Date Company if no Business Combination is effected, and expiring on the five-year fifth anniversary of the Effective Date Date, at an initial exercise price per Representative's Unit of $___11.00, which is equal to _________ (___%) 110% of the initial public offering price of a Unitthe Units. The Representative's Purchase Option, the Representative's UnitsUnits (including the shares of Common Stock included therein), the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option."

Appears in 2 contracts

Sources: Underwriting Agreement (Star Maritime Acquisition Corp.), Underwriting Agreement (Star Maritime Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 250,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the exercise price of the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of shall be $____ (___% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $____, which is equal to _________ percent (___%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Units and the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Chardan North China Acquisition Corp), Underwriting Agreement (Chardan South China Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 875,000 units ("the “Representative's ’s Units") for an aggregate purchase price of $100100.00. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 5.50 (___110% of the exercise price of the Warrants included in the Units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___8.80, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants included in the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Phoenix India Acquisition Corp.), Underwriting Agreement (Phoenix India Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Closing Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 1,500,000 units (the "Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is shall be identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's Warrants") shall have an exercise price of $____ 7.50 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of one year from the Effective Date, and (ii) the earlier of the consummation of a Business Combination or upon distribution of the Trust Fund to the public stockholders upon liquidation and one year from dissolution of the Effective Date Company if no Business Combination is effected, and expiring on the five-year fifth anniversary of the Effective Date Date, at an initial exercise price per Representative's Unit of $___8.80, which is equal to _________ (___%) 110% of the initial public offering price of a Unitthe Units. The Representative's Purchase Option, the Representative's UnitsUnits (including the shares of Common Stock included therein), the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option."

Appears in 2 contracts

Sources: Underwriting Agreement (Star Maritime Acquisition Corp.), Underwriting Agreement (Star Maritime Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 400,000 units (the "Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units Units, , except that the Warrants included in the Representative's Units ("Representative's Representatives Warrants") have an exercise price of $____ 6.95 (___139% of the exercise price of the Warrants included in the Units units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred and sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Warrants included in the Representative's Warrants Units (the "REPRESENTATIVE'S WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (China Mineral Acquisition CORP), Underwriting Agreement (China Mineral Acquisition CORP)

Purchase Option. The As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Closing Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 58,000 units ("the “Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)100.00. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on at any time between (i) the later closing of the consummation of a Business Combination Combination, and one year (ii) five (5) years from the Effective Date and expiring date of commencement of sales in the Offering, for cash or on the five-year anniversary of the Effective Date a cashless basis, at an initial exercise price per Representative's ’s Unit of $___11.50, which is equal to _________ one hundred and fifteen percent (___115%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Ordinary Shares included in the Representative's Warrants ’s Units, the Rights included in the Representative’s Units (the “Representative’s Rights”) and the shares of Common Stock Warrants included in the Representative’s Units (the “Representative’s Warrants”) and the Ordinary Shares issuable upon exercise pursuant to the terms of the Representative's ’s Warrants and Representative’s Rights are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after for a period of one hundred and eighty (180) days immediately folloiwng the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Alphatime Acquisition Corp), Underwriting Agreement (Alphatime Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative Representatives (and/or their designees) on the Effective Date an option ("Representative's Representatives' Purchase Option") for the purchase of an aggregate of ______ 400,000 units ("Representative's Representatives' Units") for an aggregate purchase price of $100. Each of the Representative's Representatives' Units is identical to the Firm Units except that the Warrants included in the Representative's Representatives' Units ("Representative's Representatives' Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Representatives Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Representatives Unit of $___7.50, which is equal to _________ one hundred and twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's Representatives' Purchase Option, the Representative's Representatives' Units, the Representative's Representatives' Warrants and the shares of Common Stock issuable upon exercise of the Representative's Representatives' Warrants are hereinafter referred to collectively as the "Representative's Representatives' Securities." The Public Securities and the Representative's Representatives' Securities are hereinafter referred to collectively as the "Securities." The Representative Representatives understands and agrees that there are significant restrictions against transferring the Representative's Representatives' Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Representatives' Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Confluence Acquisition Partners I, Inc.), Underwriting Agreement (Confluence Acquisition Partners I, Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 500,000 units ("the “Representative's ’s Units"”) (5% of the total number of Firm Units sold in the Offering) for an aggregate purchase price of $100100.00. Each of the Representative's ’s Units is identical to the Firm Units Units, except that the Warrants included in the Representative's ’s Units ("( the “Representative's ’s Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___7.50, which is equal to _________ one hundred and twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Crossfire Capital Corp.), Underwriting Agreement (China Healthcare Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 227,500 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Rand Acquisition CORP), Underwriting Agreement (Rand Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 600,000 units (the "Representative's Units") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 7.50 (___125% of the exercise price of the Warrants included in the Units units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one (1) year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___8.80, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unitthe Units. The Representative's Purchase Option, the Representative's UnitsUnits (including the shares of Common Stock included therein), the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Key Hospitality Acquisition CORP), Underwriting Agreement (Key Hospitality Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ units 12,500 Series A Units and/or 65,000 Series B Units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Class Z Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% shall be exercisable by the Representative terminating on the five-year anniversary of the exercise price of the Warrants included in the Units sold to the public)Effective Date. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the earlier of the consummation of a Business Combination and one year from or the Effective Date distribution of the Trust Fund to the holders of the Class B Common Stock and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___, which is equal to _______ per Series A Unit and $___ (___%) of the initial public offering price of a per Series B Unit. The Representative's Purchase Option, the Representative's Units, the Warrants underlying the Representative's Warrants Units (the "Representative's Warrants") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Trinity Partners Acquistion CO Inc.), Underwriting Agreement (Trinity Partners Acquistion CO Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ units 25,000 Series A Units and/or 125,000 Series B Units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Representative's Units sold to shall be $5.50 per share and the public)Class Z Warrants included in the Representative's Units shall be exercisable by the Representative terminating on the five-year anniversary of the Effective Date. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___, which is equal to ______ per Series A Unit and $____ (___%) of the initial public offering price of a per Series B Unit. The Representative's Purchase Option, the Representative's Units, the Warrants underlying the Representative's Warrants Units (the "Representative's Warrants") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Juniper Partners Acquisition Corp.), Underwriting Agreement (Juniper Partners Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 700,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is shall be identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") shall have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the earlier of the consummation of a Business Combination or upon the distribution of the Trust Fund to the Public Stockholders upon liquidation and one year from dissolution of the Effective Date Company if no Business Combination is effected and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___7.50, which is equal to _________ one hundred sixty five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Fortress America Acquisition CORP), Underwriting Agreement (Fortress America Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 300,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants Warrant included in the Representative's Units ("Representative's Representatives Warrants") have an exercise price of $____ 6.00 (___120% of the exercise price of the Warrants included in the Units units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred and sixty-five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Millstream Acquisition Corp), Underwriting Agreement (Millstream Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ units 25,000 Series A Units and/or 230,000 Series B Units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Representative’s Units sold to shall be $5.50 per share and the public)Class Z Warrants included in the Representative’s Units shall be exercisable by the Representative terminating on the five-year anniversary of the Effective Date. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ (___%) of the initial public offering price of a $ per Series A Unit and $ per Series B Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants underlying the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Good Harbor Partners Acquisition Corp), Underwriting Agreement (Mercator Partners Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ units 20,000 Series A Units and/or 130,000 Series B Units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Representative’s Units sold to shall be $5.50 per share and the public)Class Z Warrants included in the Representative’s Units shall be exercisable by the Representative terminating on the five-year anniversary of the Effective Date. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ (___%) of the initial public offering price of a 17.325 per Series A Unit and $16.665 per Series B Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants underlying the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 2 contracts

Sources: Underwriting Agreement (Global Services Partners Acquisition Corp.), Underwriting Agreement (Global Services Partners Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 1,000,000 units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's ’s Units ("Representative's ’s Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ 7.50 (___%) 125% of the initial public offering price of a Unit). The Representative's ’s Purchase Option, the Representative's ’s Units, the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (H D Partners Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) and to such Underwriters designated by the Representative on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's ’s Units ("Representative's ’s Warrants") have an exercise price of $____ (___$ ( % of the exercise price of the Warrants included in the Units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___$ , which is equal to _________ (___%) % of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase OptionOption Agreement.

Appears in 1 contract

Sources: Underwriting Agreement (Viragen Inc)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 320,000 units ("Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's WarrantsREPRESENTATIVE'S WARRANTS") have an exercise price of $____ 6.65 (___133% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the fivefour-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___10.00, which is equal to _________ one hundred and twenty-five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants included in the Representatives Units (the "REPRESENTATIVE WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option. In addition, pursuant to Rule 2710(g)(1) of the NASD Conduct Rules, Rodman agrees that the Representative's Units, as well as the Rep▇▇▇▇▇▇ative's Securities issued to Rodman and/or its designees pursuant to the Representative's Purc▇▇▇▇ ▇ption shall not be sold during the offering, or sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition by Rodman and/or its designees for a period of 180 days immediately ▇▇▇▇▇▇ing the Effective Date or commencement of sales of the offering, except as provided in subparagraph (g)(2) of Rule 2710 of the NASD Conduct Rules.

Appears in 1 contract

Sources: Underwriting Agreement (Asia Automotive Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 400,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___7.50, which is equal to _________ one hundred twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (KBL Healthcare Acquisition Corp. II)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 325,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.65 (___133% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___7.50, which is equal to _________ one hundred twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Terra Nova Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 1,000,000 units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's ’s Units ("Representative's ’s Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at Dateat an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ 7.50 (___%) 125% of the initial public offering price of a Unit). The Representative's ’s Purchase Option, the Representative's ’s Units, the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (H D Partners Acquisition CORP)

Purchase Option. The As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 700,000 units ("the “Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)100.00. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year or six months from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___12.50, which is equal to _________ one hundred and ten percent (___125%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Representative's Warrants Ordinary Shares and the shares of Common Stock Warrants included in the Representative’s Units (the “Representative’s Warrants”) and the Ordinary Shares issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year six months after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Asia Special Situation Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 300,000 units (the "Representative's Units") (3% of the total number of Firm Units sold in the Offering) for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)Units. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one (1) year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___12.50, which is equal to _________ one hundred and twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Warrants included in the Representative's Warrants Units (the "Representative's Warrants"), and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Education Media, Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 300,000 units ("the “Representative's ’s Units") for an aggregate purchase price of $100100.00. Each of the Representative's ’s Units is identical to the Firm Units Units, except that the Warrants included in the Representative's ’s Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $____, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the shares of Common Stock and the Warrants included in the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Healthcare Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 420,000 units (the "Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units except that and the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)11.00. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___11.00, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the shares of Common Stock and the Warrants included in the Representative's Warrants Units (the "REPRESENTATIVE'S WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Alpha Security Group CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 150,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (China Unistone Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 400,000 units (the "Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)Units. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred and sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Warrants included in the Representative's Warrants Units (the "REPRESENTATIVE'S WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Great Wall Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 750,000 units ("the “Representative's ’s Units") for an aggregate purchase price of $100100.00. Each of the Representative's ’s Units is identical to the Firm Units Units, except that the Warrants included in the Representative's ’s Units ("Representative's “Representatives Warrants") have an exercise price of $____ 7.50 (___125% of the exercise price of the Warrants included in the Units units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___10.00, which is equal to _________ one hundred and twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants included in the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Services Acquisition Corp. International)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of _______ units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's ’s Units ("Representative's ’s Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ (___%) % of the initial public offering price of a Unit). The Representative's ’s Purchase Option, the Representative's ’s Units, the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (QuadraPoint Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 500,000 units ("the “Representative's ’s Units") for an aggregate purchase price of $100100.00. Each of the Representative's ’s Units is identical to the Firm Units Units, except that the Warrants included in the Representative's ’s Units ("Representative's “Representatives Warrants") have an exercise price of $____ 7.50 (___125% of the exercise price of the Warrants included in the Units units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___10.00, which is equal to _________ one hundred and twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants included in the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Services Acquisition Corp. International)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 700,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is shall be identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") shall have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the earlier of the consummation of a Business Combination or upon the distribution of the Trust Fund to the Public Stockholders upon liquidation and one year from dissolution of the Effective Date Company if no Business Combination is effected and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___7.50, which is equal to _________ one hundred twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Fortress America Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative Casimir Capital, L.P. (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 720,000 units ("Representative's the “Representatives’ Units") for an aggregate purchase price of $100100.00. Each of the Representative's Representatives’ Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Representatives’ Units ("Representative's Warrants") have an exercise price of $____ 7.50 (___125% of the exercise price of the Warrants included in the Units units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Representatives’ Unit of $___10.00, which is equal to _________ one hundred and twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's Representatives’ Units, the Warrants included in the Representatives’ Units (the “Representative's Warrants ’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's “Representatives’ Securities." The Public Securities and the Representative's Representatives’ Securities are hereinafter referred to collectively as the "Securities." The Representative understands Representatives understand and agrees agree that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Platinum Energy Resources Inc)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 200,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 5.25 (___105% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Tremisis Energy Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 300,000 units (the "Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's Representatives Warrants") have an exercise price of $____ 6.65 (___133% of the exercise price of the Warrants included in the Units units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___7.50, which is equal to _________ one hundred and twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Warrants included in the Representative's Warrants Units (the "REPRESENTATIVE'S WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (China Mineral Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 320,000 units ("Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's WarrantsREPRESENTATIVE'S WARRANTS") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the fivefour-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___8.80, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants included in the Representatives Units (the "REPRESENTATIVE WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Asia Automotive Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 375,000 units ("Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's WarrantsREPRESENTATIVE'S WARRANTS") have an exercise price of $____ 6.65 (___133% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___7.50, which is equal to _________ one hundred and twenty-five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants included in the Representatives Units (the "REPRESENTATIVE WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (InterAmerican Acquisition Group Inc)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 240,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.65 (___133% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Terra Nova Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 350,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.00 (___120% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred and sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Cea Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ units 12,500 Series A Units and/or 62,500 Series B Units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Representative's Units sold to shall be $5.50 per share and the public)Class Z Warrants included in the Representative's Units shall be exercisable by the Representative terminating on the five-year anniversary of the Effective Date. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___, which is equal to _________ (___%) of the initial public offering price of a 17.325 per Series A Unit and $16.665 per Series B Unit. The Representative's Purchase Option, the Representative's Units, the Warrants underlying the Representative's Warrants Units (the "Representative's Warrants") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Juniper Partners Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 250,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (KBL Healthcare Acquisition Corp. II)

Purchase Option. The Company hereby agrees to issue and sell to the , 2005 Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 850,000 units ("the “Representative's ’s Units") for an aggregate purchase price of $100100.00. Each of the Representative's ’s Units is identical to the Firm Units except that Units, and the Warrants included in the Representative's ’s Units ("Representative's ’s Warrants") shall have an exercise price of $____ (___% of equal to the exercise price of the Warrants included in the Units units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one (1) year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___10.00 per Unit, which is equal to _________ one hundred and twenty-five percent (___125%) of the initial public offering price of a Unitthe Units. The Representative's ’s Purchase Option, the Representative's Units’s Units (including the shares of Common Stock included therein), the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Boulder Specialty Brands, Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 200,000 units (the "Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)Units. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___6.60, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Warrants included in the Representative's Warrants Units (the "REPRESENTATIVE'S WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Great Wall Acquisition Corp)

Purchase Option. The As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or their respective designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ units 280,000 Units (the "Representative's Units"), or such lesser number allowed by the Financial Industry Regulatory Authority, (the "FINRA") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)100.00. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year six months from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___11.00, which is equal to _________ one hundred ten percent (___110%) of the initial public offering price of a Unit, or at such higher price as allowed by the FINRA. The Representative's Purchase Option, the Representative's Units, the shares of Common Stock and the Warrants included in the Representative's Warrants Units (the "Representative's Warrants") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year six months after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (China Resources Ltd.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 650,000 units (the "Representative's Units") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's Representatives Warrants") have an exercise price of $____ 7.50 (___125% of the exercise price of the Warrants included in the Units units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___10.00, which is equal to _________ one hundred and twenty five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Warrants included in the Representative's Warrants Units (the "Representative's Warrants") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Platinum Energy Resources Inc)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 450,000 units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that Units, including the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in warrants constituting the Units sold to purchase Common Stock (sometimes referred to as the public“Representative’s Warrants”). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ 10.00 (___%) 125% of the initial public offering price of a Unit), and may be exercised on a cashless basis. The Representative's ’s Purchase Option, the Representative's ’s Units, the Common Stock contained within the Representative’s Units, the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option ’s Securities during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (FMG Acquisition Corp)

Purchase Option. The As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or their respective designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ units Units ("the “Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)100.00. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___11.00, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the shares of Common Stock and the Warrants included in the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands understand and agrees agree that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (United Refining Energy Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 300,000 units ("Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's WarrantsREPRESENTATIVE'S WARRANTS") have an exercise price of $____ 6.65 (___133% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___7.50, which is equal to _________ one hundred and twenty-five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants included in the Representatives Units (the "REPRESENTATIVE WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (InterAmerican Acquisition Group Inc)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 340,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.00 (___120% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___7.20, which is equal to _________ (___%) 120% of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees Representative's Purchase Option shall not be sold, transferred, assigned, pledged or hypothecated, or be the subject of any hedging, short sale, derivative, put or call transaction that there are significant restrictions against transferring would result in the effective economic disposition of the Representative's Purchase Option during by the first holder(s) thereof, for a period of one year after immediately following the Effective Datedate the Registration Statement (as hereinafter defined) is declared effective by the Commission (as hereinafter defined). Notwithstanding the foregoing, as set forth in Section 3 of the Representative's Purchase OptionOption shall be transferable to affiliates of the Representative or to another Underwriter.

Appears in 1 contract

Sources: Underwriting Agreement (Restaurant Acquisition Partners, Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 300,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the earlier of the consummation of a Business Combination and one year from or the Effective Date distribution of the Trust Fund to the Public Stockholders and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Millstream II Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 150,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the earlier of the consummation of a Business Combination and one year from or the Effective Date distribution of the Trust Fund to the Public Stockholders and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Ardent Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $_____ (_____% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $_____, which is equal to _________ (___%) % of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (DG Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 625,000 units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units, including the warrants constituting the Units to purchase Common Stock except that the Warrants warrants included in the Representative's ’s Units ("Representative's Warrants") have an exercise price per share of $____ 7.00 (___% of sometimes referred to as the exercise price of the Warrants included in the Units sold to the public“Representative’s Warrants”). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ 10.00 (___%) 125% of the initial public offering price of a Unit), and may be exercised on a cashless basis. The Representative's ’s Purchase Option, the Representative's ’s Units, the Common Stock contained within the Representative’s Units, the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option ’s Securities during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Arcade Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ________ units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the exercise price of the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of shall be $____ (___% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year fourth anniversary of the Effective Date at an initial exercise price per Representative's Unit of $____, which is equal to _________ one hundred twenty-five percent (___125%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Units and the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Santa Monica Media CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 300,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)Units. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___6.60, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, Warrants included in the Representative's Warrants Units ("Representative's Warrants") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Millstream Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ________ units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the exercise price of the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of shall be $____ (___% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year fourth anniversary of the Effective Date at an initial exercise price per Representative's Unit of $____, which is equal to _________ one hundred twenty-five percent (___125%) of the initial public offering Offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Units and the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Viceroy Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 110,000 units ("the “Representative's ’s Units") for an aggregate purchase price of $100100.00. Each of the Representative's ’s Units is identical to the Firm Units Units, except that the Class A Warrants and the Class B Warrants included in the Representative's ’s Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)6.60 and $6.60, respectively. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ (___%) of the initial public offering price of a Unit7.00. The Representative's ’s Purchase Option, the Representative’s Units, the Subunits included in the Representative's Units, the Representative's Ordinary Shares and the Class A Warrants and Class B Warrants included in the shares of Common Stock Representative’s Units (the “Representative’s Warrants”) and the Ordinary Shares issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (S.E. Asia Emerging Market Company., LTD)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ 225,000 units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 6.25 (___125% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___9.90, which is equal to _________ one hundred sixty five percent (___165%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Terra Nova Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 437,500 units ("the “Representative's ’s Units") for an aggregate purchase price of $100100.00. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ 5.50 (___110% of the exercise price of the Warrants included in the Units sold to the public). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___8.80, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants included in the Representative's Warrants ’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Phoenix India Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ 625,000 units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that Units, including the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in warrants constituting the Units sold to purchase Common Stock (sometimes referred to as the public“Representative’s Warrants”). The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ 10.00 (___%) 125% of the initial public offering price of a Unit). The Representative's ’s Purchase Option, the Representative's ’s Units, the Common Stock contained within the Representative’s Units, the Representative's ’s Warrants and the shares of Common Stock issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option ’s Securities during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Arcade Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 400,000 units (the "Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100100.00. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)7.50. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___10.00, which is equal to _________ one hundred and ten percent (___110%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the shares of Common Stock and the Warrants included in the Representative's Warrants Units (the "REPRESENTATIVE'S WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Healthcare Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative Representatives (and/or their designees) on the Effective Date an option ("Representative's Representatives' Purchase Option") for the purchase of an aggregate of ______ 1,000,000 units ("Representative's Representatives' Units") for an aggregate purchase price of $100. Each of the Representative's Representatives' Units is identical to the Firm Units except that the Warrants included in the Representative's Representatives' Units ("Representative's Representatives' Warrants") have an exercise price of $____ $ 6.00 (___% 120%) of the exercise price of the Warrants included in the Units sold to the public). The Representative's Representatives' Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Representatives' Unit of $___$ 7.50, which is equal to _________ one hundred twenty five (___125%) of the initial public offering price of a Unit. The Representative's Representatives' Purchase Option, the Representative's Representatives' Units, the Representative's Representatives' Warrants and the shares of Common Stock issuable upon exercise of the Representative's Representatives' Warrants are hereinafter referred to collectively as the "Representative's Representatives' Securities." The Public Securities and the Representative's Representatives' Securities are hereinafter referred to collectively as the "Securities." The Representative understands Representatives understand and agrees agree that there are significant restrictions against transferring the Representative's Representatives' Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Representatives' Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Coconut Palm Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their its designees) on the Effective Date an option ("Representative's Purchase OptionREPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ______ 900,000 units ("Representative's UnitsREPRESENTATIVE'S UNITS") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units Units, except that the Warrants included in warrants contained within the Representative's Units (the "Representative's WarrantsREPRESENTATIVE'S WARRANTS") have an exercise price of $____ (___% 7.50 per share of the exercise price of the Warrants included in the Units sold to the public)Common Stock. The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___, which is equal to _________ $ 10.00 (___%) 125% of the initial public offering price of a Unit). The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's SecuritiesREPRESENTATIVE'S SECURITIES." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "SecuritiesSECURITIES." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Media & Entertainment Holdings, Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's ’s Purchase Option") for the purchase of an aggregate of ______ units ("Representative's ’s Units") for an aggregate purchase price of $100. Each of the Representative's ’s Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public)Units. The Representative's ’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's ’s Unit of $___, which is equal to _________ (___%) % of the initial public offering price of a Unit). The Representative's ’s Purchase Option, the Representative's ’s Units, the Warrants included in the Representative's Warrants ’s Units (“Representative’s Warrants”) and the shares of Common Stock included in the Representative’s Units and issuable upon exercise of the Representative's ’s Warrants are hereinafter referred to collectively as the "Representative's ’s Securities." The Public Securities and the Representative's ’s Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's ’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's ’s Purchase Option.

Appears in 1 contract

Sources: Underwriting Agreement (Fortissimo Acquisition Corp.)