Common use of Authorization of the Sponsor Warrants Clause in Contracts

Authorization of the Sponsor Warrants. The Sponsor Warrants included in the Sponsor Units have been duly authorized by the Company and, when issued and delivered as part of the Sponsor Units in the manner set forth in the Sponsor Unit Purchase Agreement against payment therefor, will be duly issued and delivered, and will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.