Common use of Warrant Attributes Clause in Contracts

Warrant Attributes. The Representative’s Warrants shall have the same terms and be in the same form as the Public Warrants. The Insider Warrants shall have the same terms and be in the same form as the Public Warrants except they (i) will not be transferable or salable (except to permitted transferees) until the Company completes a business combination and (ii) will be exercisable on a cashless basis and will be non-redeemable by the Company so long as they are held by the Insiders or their affiliates.

Warrant Attributes. The Representative’s Warrants shall have the same terms and be in the same form as the Public Warrants. The Insider Warrants shall have the same terms and be in the same form as the Public Warrants except they (i) will not be transferable or salable (except to permitted transferees) until one year after the Company completes a business combination and (ii) will be exercisable on a cashless basis and will be non-redeemable by the Company so long as they are held by the Insiders or their affiliates.