Common use of Placement Warrants Clause in Contracts

Placement Warrants. The Placement Warrants shall be identical to the Public Warrants, except that (a) so long as they are held by the Sponsor, Cantor or any of their respective Permitted Transferees (as defined below), the Placement Warrants: (i) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c) hereof, (ii) shall not be redeemable by the Company and (iii) may not be transferred, assigned or sold until thirty (30) days after the completion by the Company of an initial Business Combination (as defined below) except to a Permitted Transferee and (b) the period during which the Placement Warrants held by Cantor are exercisable may not be extended (pursuant to the last sentence of Section 3.2 or otherwise) beyond the date that is five years from the effective date of the Registration Statement. A “Permitted Transferee” is hereby defined as any transferee receiving securities in the following transactions:

Placement Warrants. The Placement Warrants shall be identical to the Public Warrants, except that (a) so long as they are held by the Sponsor, Cantor Cantor, or any of their respective Permitted Transferees (as defined below), the Placement Warrants: (ia) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c) hereof, (iib) shall not be redeemable by the Company and (iiic) may not be transferred, assigned or sold until thirty (30) days after the completion by the Company of an initial Business Combination (as defined below) except to a Permitted Transferee and (b) the period during which the Placement Warrants held by Cantor are exercisable may not be extended (pursuant to the last sentence of Section 3.2 or otherwise) beyond the date that is five years from the effective date of the Registration Statement. A “Permitted Transferee” is hereby defined as any transferee receiving securities in the following transactions:

Placement Warrants. The Placement Warrants shall be identical to the Public Warrants, except that (a) so long as they are held by the Sponsor. Cantor, Cantor or any of their respective Permitted Transferees (as defined below), the Placement Warrants: (ia) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c) hereof, (iib) shall not be redeemable by the Company and (iiic) may not be transferred, assigned or sold until thirty (30) days after the completion by the Company of an initial Business Combination (as defined below) except to a Permitted Transferee and (b) the period during which the Placement Warrants held by Cantor are exercisable may not be extended (pursuant to the last sentence of Section 3.2 or otherwise) beyond the date that is five years from the effective date of the Registration Statement. A “Permitted Transferee” ’’ is hereby defined as any transferee receiving securities in the following transactions: