Common use of Purchase and Sale of the Private Placement Shares Clause in Contracts

Purchase and Sale of the Private Placement Shares. (i) On the date of the consummation of the Public Offering (the “IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 215,000 Private Placement Shares at a price of $10.00 per Private Placement Share for an aggregate purchase price of $2,150,000 (the “Purchase Price”). The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds in the following amounts: (a) $1,350,000 to or on behalf of the Company at a financial institution to be chosen by the Company; and (b) $800,000 to the trust account maintained by Wilmington Trust Company, acting as trustee (the “Trust Account”), in each case in accordance with the Company’s wiring instructions, at least one business day prior to the IPO Closing Date; provided, however, that if underwriters of the Public Offering exercise their option to purchase additional units, in whole or in part, the amount in clause (b) shall instead be equal to 2% of the gross proceeds of the Public Offering, including such option, and the amount in clause (a) shall instead be equal to the difference between (x) $2,150,000 and (y) 2% of the gross proceeds of the Public Offering. On the IPO Closing Date, subject to the receipt of funds pursuant to the immediately prior sentence, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Purchase and Sale of the Private Placement Shares. (i) On the date of the consummation of the Public Offering (the “IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 215,000 340,000 Private Placement Shares at a price of $10.00 per Private Placement Share for an aggregate purchase price of $2,150,000 3,400,000 (the “Purchase Price”). The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds in the following amounts: (a) $1,350,000 1,760,000 to or on behalf of the Company at a financial institution to be chosen by the Company; and (b) $800,000 1,400,000 to the trust account maintained by Wilmington Trust Company, acting as trustee (the “Trust Account”), in each case in accordance with the Company’s wiring instructions, at least one business day prior to the IPO Closing Date; provided, however, that if underwriters of the Public Offering exercise their option to purchase additional units, in whole or in part, the amount in clause (b) shall instead be equal to 2% of the gross proceeds of the Public Offering, including such option, and the amount in clause (a) shall instead be equal to the difference between (x) $2,150,000 3,400,000 and (y) 2% of the gross proceeds of the Public Offering. On the IPO Closing Date, subject to the receipt of funds pursuant to the immediately prior sentence, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Purchase and Sale of the Private Placement Shares. (i) On the date of the consummation of the Public Offering (the “IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 215,000 510,000 Private Placement Shares at a price of $10.00 per Private Placement Share for an aggregate purchase price of $2,150,000 5,100,000 (the “Purchase Price”). The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds in the following amounts: (a) $1,350,000 4,100,000 to or on behalf of the Company at a financial institution to be chosen by the Company; and (b) $800,000 1,000,000 to the trust account maintained by Wilmington Trust CompanyTrust, National Association, acting as trustee (the “Trust Account”), in each case in accordance with the Company’s wiring instructions, at least one business day prior to the IPO Closing Date; provided, however, that if underwriters of the Public Offering exercise their option to purchase additional unitsShares, in whole or in part, the amount in clause (b) shall instead be equal to 21% of the gross proceeds of the Public Offering, including such option, and the amount in clause (a) shall instead be equal to the difference between (x) $2,150,000 5,100,000 and (y) 21% of the gross proceeds of the Public Offering. On the IPO Closing Date, subject to the receipt of funds pursuant to the immediately prior sentence, the Company, at its option, Company shall deliver to the Purchaser a certificate evidencing certified copy of the Company’s updated register of members reflecting the Purchaser as the owner of the Private Placement Shares purchased by it on such date duly and a certificate registered in the Purchaser’s name to the Purchaser or effect evidencing such delivery in book-entry formPrivate Placement Shares.