Common use of Agreement to Subscribe Clause in Contracts

Agreement to Subscribe. 1.1 Purchase and Issuance of the Initial Units. For the aggregate sum of $3,950,000 (the “Initial Purchase Price”), upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Closing Date (as defined in Section 1.2) 395,000 Initial Units at $10.00 per Initial Unit. In addition to the foregoing, the Subscriber hereby agrees to purchase up to an additional 30,000 Additional Units at $10.00 per Additional Unit for a purchase price of $300,000 (the “Additional Purchase Price” and together with the Initial Purchase Price, the “Purchase Price”). The purchase and issuance of the Additional Units shall occur only in the event that the underwriters’ 45-day over-allotment option (“Over-Allotment Option”) in the Offering is exercised in full or part. The total number of Additional Units to be purchased hereunder shall be in the same proportion as the amount of the Over-Allotment Option that is exercised. Each purchase of Additional Units shall occur simultaneously with the consummation of any portion of the Over-Allotment Option.

Agreement to Subscribe. 1.1 Purchase and Issuance of the Initial Units. For the aggregate sum of $3,950,000 4,041,000 (the “Initial Purchase Price”), upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Closing Date (as defined in Section 1.2) 395,000 404,600 Initial Units at $10.00 per Initial Unit. In addition to the foregoing, the Subscriber hereby agrees to purchase up to an additional 30,000 37,500 Additional Units at $10.00 per Additional Unit for a purchase price of $300,000 (the “Additional Purchase Price” and together with the Initial Purchase Price, the “Purchase Price”). The purchase and issuance of the Additional Units shall occur only in the event that the underwriters’ 45-day over-allotment option (“Over-Allotment Option”) in the Offering is exercised in full or part. The total number of Additional Units to be purchased hereunder shall be in the same proportion as the amount of the Over-Allotment Option that is exercised. Each purchase of Additional Units shall occur simultaneously with the consummation of any portion of the Over-Allotment Option.

Agreement to Subscribe. 1.1 1.1. Purchase and Issuance of the Initial Units. For the aggregate sum of $3,950,000 6,875,000 (the “Initial Purchase Price”), upon the terms and subject to the conditions of this Agreement, the Subscriber Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the SubscriberPurchaser, on the Closing Date (as defined in Section 1.2) 395,000 687,500 Initial Units at $10.00 per Initial Unit. In addition to the foregoing, the Subscriber Purchaser hereby agrees to purchase up to an additional 30,000 73,125 Additional Units at $10.00 per Additional Unit for a purchase price of $300,000 731,250 (the “Additional Purchase Price” and together with the Initial Purchase Price, the “Purchase Price”). The purchase and issuance of the Additional Units shall occur only in the event that the underwriters’ 45-day over-allotment option (“Over-Allotment Option”) in the Offering is exercised in full or part. The total number of Additional Units to be purchased hereunder shall be in the same proportion as the amount of the Over-Allotment Option that is exercised. Each purchase of Additional Units shall occur simultaneously with the consummation of any portion of the Over-Allotment Option.