Common use of SPAC Transaction Clause in Contracts

SPAC Transaction. If there is a SPAC Transaction at any time before the expiration or termination of this instrument, immediately prior and subject to the closing of such SPAC Transaction (but, for the avoidance of doubt, immediately following any capital restructuring of the Company effected in connection therewith), this instrument will automatically convert into, and the Company will automatically issue to the Investor, a number of Ordinary Shares equal to the Purchase Amount divided by the SPAC Conversion Price (rounded to the nearest whole share). In connection with the issuance of Ordinary Shares by the Company to the Investor pursuant to this Section 2(a), the Investor will execute and deliver to the Company all applicable transaction documents related to the SPAC Transaction; provided, that such documents are the same documents which are being entered into by shareholders of the Company (if and to the extent applicable), in connection with the SPAC Transaction, including, without limitation and as applicable, documents related to lock-up, stop transfer and the like.