Common use of Forfeiture of Founder Shares Clause in Contracts

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase additional Ordinary Shares within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal 20% of the sum of the total number of issued and outstanding Ordinary Shares after the Public Offering (excluding the number of Ordinary Shares be sold pursuant to the Private Placement Shares Purchase Agreement and the Forward Purchase Agreement). The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares at such time (excluding the number of Ordinary Shares to be sold pursuant to the Private Placement Shares Purchase Agreement and the Forward Purchase Agreement).

Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase additional Ordinary Shares Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal 20% of the sum of the total number of issued Public Shares and Founder Shares outstanding Ordinary Shares after at such time plus the Public Offering (excluding the maximum number of Ordinary Shares to be sold pursuant to clause (i) of the Private Placement Shares Purchase Agreement and the definition of “Forward Purchase Agreement)”. The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued Public Shares and Founder Shares outstanding Ordinary Shares at such time (excluding plus the number of Ordinary Shares to be sold pursuant to clause (i) of the Private Placement Shares Purchase Agreement and the definition of “Forward Purchase Agreement)”.

Forfeiture of Founder Shares. To the extent that the Underwriters do Underwriter does not exercise their its option to purchase additional Ordinary Shares Units within 45 days from the date of the Prospectus in full or such option is reduced (in each case, as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of issued and outstanding Ordinary Shares after and Founder Shares outstanding at such time plus the Public Offering (excluding the number of Ordinary Shares to be sold pursuant to any forward purchase agreements the Private Placement Shares Purchase Agreement and the Forward Purchase Agreement)Company entered into. The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization capitalization, share repurchase or a share repurchaseother appropriate mechanism, as applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of issued and outstanding Ordinary Shares and Founder Shares outstanding at such time (excluding plus the number of Ordinary Shares to be sold pursuant to any forward purchase agreements the Private Placement Shares Purchase Agreement and the Forward Purchase Agreement)Company entered into.