Common use of Unit Purchase Agreement Clause in Contracts

Unit Purchase Agreement. Certain of the Company’s officers and directors and their respective designees, have executed and delivered an agreement, annexed as an exhibit to the Registration Statement (the “Amended and Restated Unit Purchase Agreement”), pursuant to which such persons, among other things, have purchased an aggregate of up to 254,500 Placement Units (or 280,750 Placement Units if the Over-allotment Option is exercised in full) in the Private Placement. Pursuant to the Amended and Restated Unit Purchase Agreement all of the proceeds from the sale of the Placement Units will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement prior to the Closing.

Unit Purchase Agreement. Certain of the Company’s officers and directors and their respective designees, have executed and delivered an agreement, annexed as an exhibit to the Registration Statement (the “Amended and Restated Unit Purchase Agreement”), pursuant to which such persons, among other things, have purchased an aggregate of up to 254,500 Placement Units (or 280,750 Placement Units if the Over-allotment Option is exercised in full) in the Private Placement. Pursuant to the Amended and Restated Unit Purchase Agreement all of the proceeds from the sale of the Placement Units will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement prior to the Closing.