Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ____ units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $___ (___% of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 6 contracts

Samples: Underwriting Agreement (Rand Acquisition Corp. II), Underwriting Agreement (Rand Acquisition Corp. II), Underwriting Agreement (Pantheon China Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“"Representative’s 's Purchase Option”") for the purchase of an aggregate of _______ units (“"Representative’s 's Units”") for an aggregate purchase price of $100. Each of the Representative’s 's Units is identical to the Firm Units. The Representative’s 's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s 's Unit of $____ (___% of the initial public offering price of a Unit). The Representative’s 's Purchase Option, the Representative’s 's Units, the Warrants included in the Representative’s 's Units (“"Representative’s 's Warrants”") and the shares of Common Stock issuable upon exercise of the Representative’s 's Warrants are hereinafter referred to collectively as the “"Representative’s 's Securities.” " The Public Securities and the Representative’s 's Securities are hereinafter referred to collectively as the “"Securities.” " The Representative understands and agrees that there are significant restrictions against transferring the Representative’s 's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s 's Purchase Option.

Appears in 5 contracts

Samples: Underwriting Agreement (Renaissance Acquisition Corp.), Underwriting Agreement (Renaissance Acquisition Corp.), Underwriting Agreement (Renaissance Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 600,000 units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 8.80 (~~___~~110% of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 4 contracts

Samples: Underwriting Agreement (Rand Acquisition Corp. II), Underwriting Agreement (North Shore Acquisition Corp.), Underwriting Agreement (Hyde Park Acquisition CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____ units~~ 1,250,000 Units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination ~~and one year from the Effective Date~~ and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___ (___% of the initial public offering price of a~~ 10.00 per Representative’s Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants ~~included in~~ underlying the Representative’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 4 contracts

Samples: Underwriting Agreement (Stoneleigh Partners Acquisition Corp.), Underwriting Agreement (Stoneleigh Partners Acquisition Corp.), Underwriting Agreement (Stoneleigh Partners Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the ~~Representative~~ Representatives (and/or ~~its~~ their designees) on the Effective Date an option (“~~Representative’s~~ Representatives’ Purchase Option”) for the purchase of an aggregate of _____ ~~units~~ Units (“~~Representative’s~~ Representatives’ Units”) for an aggregate purchase price of $100. Each of the ~~Representative’s~~ Representatives’ Units is identical to the Firm Units. The ~~Representative’s~~ Representatives’ Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination ~~and one year from the Effective Date~~ and expiring on the five-year anniversary of the Effective Date at an initial exercise price per ~~Representative’s~~ Representatives’ Unit of $____ ~~(___% of the initial public offering price of a~~ per Representatives’ Unit). The ~~Representative’s~~ Representatives’ Purchase Option, the ~~Representative’s~~ Representatives’ Units, the Warrants ~~included in~~ underlying the ~~Representative’s~~ Representatives’ Units (the “~~Representative’s~~ Representatives’ Warrants”) and the shares of Common Stock issuable upon exercise of the ~~Representative’s~~ Representatives’ Warrants are hereinafter referred to collectively as the “~~Representative’s~~ Representatives’ Securities.” The Public Securities and the ~~Representative’s~~ Representatives’ Securities are hereinafter referred to collectively as the “Securities.” The ~~Representative~~ Representatives understands and agrees that there are significant restrictions against transferring the ~~Representative’s~~ Representatives’ Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the ~~Representative’s~~ Representatives’ Purchase Option.

Appears in 3 contracts

Samples: Underwriting Agreement (New Asia Partners China I Corp), Underwriting Agreement (New Asia Partners China I Corp), Underwriting Agreement (New Asia Partners China I Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their designees) on the Effective Date an option (“"Representative’s 's Purchase Option”") for the purchase of an aggregate of ______ units (“"Representative’s 's Units”") for an aggregate purchase price of $100. Each of the Representative’s 's Units is identical to the Firm Units. The Representative’s 's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s 's Unit of $___, which is equal to _________ (___% %) of the initial public offering price of a Unit). The Representative’s 's Purchase Option, the Representative’s 's Units, the Representative's Warrants ~~included in the Representative’s Units (“Representative’s Warrants”)~~ and the shares of Common Stock issuable upon exercise of the Representative’s 's Warrants are hereinafter referred to collectively as the “"Representative’s 's Securities.” " The Public Securities and the Representative’s 's Securities are hereinafter referred to collectively as the “"Securities.” " The Representative understands and agrees that there are significant restrictions against transferring the Representative’s 's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s 's Purchase Option.

Appears in 3 contracts

Samples: Underwriting Agreement (Jaguar Acquisition Corp.), Underwriting Agreement (Jaguar Acquisition Corp.), Underwriting Agreement (Jaguar Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“"Representative’s 's Purchase Option”") for the purchase of an aggregate of ~~____~~ 525,000 units (“"Representative’s 's Units”") for an aggregate purchase price of $100. Each of the Representative’s 's Units is identical to the Firm Units. The Representative’s 's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the ~~five~~four-year anniversary of the Effective Date at an initial exercise price per Representative’s 's Unit of $~~___~~ 10.00 (~~___~~125% of the initial public offering price of a Unit). The Representative’s 's Purchase Option, the Representative’s 's Units, the Warrants included in the Representative’s 's Units (“"Representative’s 's Warrants”") and the shares of Common Stock issuable upon exercise of the Representative’s 's Warrants are hereinafter referred to collectively as the “"Representative’s 's Securities.” " The Public Securities and the Representative’s 's Securities are hereinafter referred to collectively as the “"Securities.” " The Representative understands and agrees that there are significant restrictions against transferring the Representative’s 's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s 's Purchase Option.

Appears in 3 contracts

Samples: Underwriting Agreement (Inter-Atlantic Financial, Inc.), Underwriting Agreement (Inter-Atlantic Financial, Inc.), Underwriting Agreement (Inter-Atlantic Financial, Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 312,500 units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 10.00 (~~___~~125% of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 3 contracts

Samples: Warrant Agreement (Echo Healthcare Acquisition Corp.), Form of Underwriting Agreement (Echo Healthcare Acquisition Corp.), Warrant Agreement (Echo Healthcare Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“"Representative’s 's Purchase Option”") for the purchase of an aggregate of ____ units (“"Representative’s 's Units”") for an aggregate purchase price of $100. Each of the Representative’s 's Units is identical to the Firm Units. The Representative’s 's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s 's Unit of $___ (___% of the initial public offering price of a Unit). The Representative’s 's Purchase Option, the Representative’s 's Units, the Warrants included in the Representative’s 's Units (“"Representative’s 's Warrants”") and the shares of Common Stock issuable upon exercise of the Representative’s 's Warrants are hereinafter referred to collectively as the “"Representative’s 's Securities.” " The Public Securities and the Representative’s 's Securities are hereinafter referred to collectively as the “"Securities.” " The Representative understands and agrees that there are significant restrictions against transferring the Representative’s 's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s 's Purchase Option.

Appears in 3 contracts

Samples: Underwriting Agreement (China Opportunity Acquisition Corp.), Underwriting Agreement (China Opportunity Acquisition Corp.), Underwriting Agreement (China Opportunity Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the ~~Representative~~ Underwriter (and/or its designees) on the Effective Date an option (~~“Representative’s~~ "Underwriter's Purchase Option”") for the purchase of an aggregate of ____ units (~~“Representative’s~~ "Underwriter's Units”") for an aggregate purchase price of $100. Each of the ~~Representative’s~~ Underwriter's Units is identical to the Firm Units. The ~~Representative’s~~ Underwriter's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per ~~Representative’s~~ Underwriter's Unit of $___ (___% of the initial public offering price of a Unit). The ~~Representative’s~~ Underwriter's Purchase Option, the ~~Representative’s~~ Underwriter's Units, the Warrants included in the ~~Representative’s~~ Underwriter's Units (~~“Representative’s~~ "Underwriter's Warrants”") and the shares of Common Stock issuable upon exercise of the ~~Representative’s~~ Underwriter's Warrants are hereinafter referred to collectively as the ~~“Representative’s~~ "Underwriter's Securities.” " The Public Securities and the ~~Representative’s~~ Underwriter's Securities are hereinafter referred to collectively as the “"Securities.” " The ~~Representative~~ Underwriter understands and agrees that there are significant restrictions against transferring the ~~Representative’s~~ Underwriter's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the ~~Representative’s~~ Underwriter's Purchase Option.

Appears in 3 contracts

Samples: Underwriting Agreement (Ascend Acquisition Corp.), Underwriting Agreement (Ascend Acquisition Corp.), Underwriting Agreement (Ascend Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 475,000 units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___ (___% of the initial public offering price of a Unit)~~10.00. The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and ~~the shares of Common Stock~~ Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 2 contracts

Samples: Underwriting Agreement (Symphony Acquisition Corp.), Underwriting Agreement (Staccato Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of ~~$___ (___~~$ ( % of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the ~~Warrants included in the~~ Representative’s ~~Units (“Representative’s Warrants”)~~ Warrants and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 2 contracts

Samples: Underwriting Agreement (Endeavor Acquisition Corp.), Underwriting Agreement (Endeavor Acquisition Corp.)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 125,000 units (the “Representative’s Units”) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination ~~and one year~~ or six months from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 11.00, which is equal to one hundred and ten percent (~~___%~~ 110%) of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the shares of Common Stock and the Warrants included in the Representative’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” ~~The~~ Representative understands and agrees ~~that~~ there are significant restrictions against transferring the Representative’s Purchase Option during the first ~~year~~ six months after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 2 contracts

Samples: Underwriting Agreement (Pinpoint Advance CORP), Underwriting Agreement (Pinpoint Advance CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 400,000 units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing ~~on the later of~~ six months after the consummation of a Business Combination ~~and one year from the Effective Date~~ and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 8.80 (~~___~~110% of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and ~~the shares of Common Stock~~ Ordinary Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 2 contracts

Samples: Underwriting Agreement (CS China Acquisition Corp.), Underwriting Agreement (CS China Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of ~~$___ (___~~$ ( % of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 2 contracts

Samples: Underwriting Agreement (Rhapsody Acquisition Corp.), Underwriting Agreement (Rhapsody Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ____ units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $___ (___% of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and the ~~shares of Common Stock~~ Ordinary Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 2 contracts

Samples: Underwriting Agreement (China Fortune Acquisition Corp.), Underwriting Agreement (China Fortune Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 1,250,000 units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 10.00 (~~___~~125% of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 2 contracts

Samples: Underwriting Agreement (Stone Tan China Acquisition Corp.), Underwriting Agreement (Stone Tan China Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of __________ units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $____ (___% of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 2 contracts

Samples: Underwriting Agreement (Alyst Acquisition Corp.), Underwriting Agreement (Alyst Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their designees) on the ~~Effective~~ Closing Date an option (“Representative’s Purchase Option”) ~~for the~~ to purchase of up to an aggregate of ~~____~~ 1,000,000 units (the “Representative’s Units”) for an aggregate purchase price of $~~100~~100.00. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the ~~later of the consummation of a Business Combination and one year~~ date that is sixth months from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 12.50, which is equal to one hundred and twenty-five percent (~~___%~~ 125%) of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the shares of Common Stock (the “Representative’s Shares”) and the Warrants (the “Representative’s Warrants”) included in the Representative’s Units ~~(“Representative’s Warrants”)~~ and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.”

Appears in 2 contracts

Samples: Underwriting Agreement (Seanergy Maritime Corp.), Underwriting Agreement (Seanergy Maritime Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 150,000 units (the “Representative’s Units”) for an aggregate purchase price of $~~100~~100.00. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business ~~Combination and~~ Transaction or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___ (___% of the initial public offering price of a Unit)~~11.00. The Representative’s Purchase Option, the Representative’s Units, the shares of Common Stock and Warrants included in the Representative’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 2 contracts

Samples: Underwriting Agreement (Nautilus Marine Acquisition Corp), Underwriting Agreement (Nautilus Marine Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“"Representative’s 's Purchase Option”") for the purchase of an aggregate of ~~____~~ 650,000 units (“"Representative’s 's Units”") for an aggregate purchase price of $100. Each of the Representative’s 's Units is identical to the Firm Units. The Representative’s 's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s 's Unit of $~~___~~ 7.50 (~~___~~125% of the initial public offering price of a Unit). The Representative’s 's Purchase Option, the Representative’s 's Units, the Warrants included in the Representative’s 's Units (“"Representative’s 's Warrants”") and the shares of Common Stock issuable upon exercise of the Representative’s 's Warrants are hereinafter referred to collectively as the “"Representative’s 's Securities.” " The Public Securities and the Representative’s 's Securities are hereinafter referred to collectively as the “"Securities.” " The Representative understands and agrees that there are significant restrictions against transferring the Representative’s 's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s 's Purchase Option.

Appears in 2 contracts

Samples: Underwriting Agreement (Renaissance Acquisition Corp.), Underwriting Agreement (Renaissance Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 315,000 units (“Representative’s Units”) for an aggregate purchase price of $~~100~~100.00. Each of the Representative’s Units is identical to the Firm Units, including the Warrants to purchase Ordinary Shares (sometimes referred to as the “Representative’s Warrants”). The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date ~~and expiring on the five-year anniversary of the Effective Date~~ at an initial exercise price per Representative’s Unit of $~~___~~ 8.00 (~~___~~100% of the initial public offering price of a Unit)) and may be exercised on a cashless basis. The Representative’s Warrants shall expire on the five-year anniversary of the Effective Date The Representative’s Purchase Option, the Representative’s Units, the ~~Warrants included in~~ Ordinary Shares contained within the Representative’s ~~Units (“~~Units, the Representative’s ~~Warrants”)~~ Warrants and the ~~shares of Common Stock~~ Ordinary Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s ~~Purchase Option~~ Securities during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 2 contracts

Samples: Underwriting Agreement (Redstar Partners, Inc.), Underwriting Agreement (Redstar Partners, Inc.)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the ~~Representative~~ Representatives (and/or ~~its~~ their respective designees) on the Effective Date an option (“~~Representative’s~~ Representatives’ Purchase Option”) for the purchase of an aggregate of ~~____ units~~ 1,250,000 Units (the “~~Representative’s~~ Representatives’ Units”) (50% of which shall be allocated to each Representative) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The ~~Representative’s~~ Representatives’ Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination ~~and~~ or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per ~~Representative’s~~ Representatives’ Unit of $~~___~~ 25.00, which is equal to one hundred and twenty five percent (~~___%~~ 125%) of the initial public offering price of a Unit). The ~~Representative’s~~ Representatives’ Purchase Option, the ~~Representative’s~~ Representatives’ Units, the shares of Common Stock and the Warrants included in the ~~Representative’s~~ Representatives’ Units (the “~~Representative’s~~ Representatives’ Warrants”) and the shares of Common Stock issuable upon exercise of the ~~Representative’s~~ Representatives’ Warrants are hereinafter referred to collectively as the “~~Representative’s~~ Representatives’ Securities.” The Public Securities and the ~~Representative’s~~ Representatives’ Securities are hereinafter referred to collectively as the “Securities.” ~~The Representative understands~~ Representatives understand and ~~agrees~~ agree that there are significant restrictions against transferring the ~~Representative’s~~ Representatives’ Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the ~~Representative’s~~ Representatives’ Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (United Refining Energy Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 400,000 units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and ~~one~~ the one-year ~~from~~ anniversary of the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 6.60 (~~___~~110% of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and ~~the shares of Common Stock~~ Ordinary Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (CS China Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____ units~~ 350,000 Units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination ~~and one year from the Effective Date~~ and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___ (___% of the initial public offering price of a~~ 10.00 per Representative’s Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants ~~included in~~ underlying the Representative’s Units (the “Representative’s Warrants”) and the ~~shares of Common Stock~~ Ordinary Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (China Evergreen Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their designees) on the Effective Date an option (“"Representative’s 's Purchase Option”") for the purchase of an aggregate of ~~____~~ 350,000 units (“"Representative’s 's Units”") for an aggregate purchase price of $100. Each of the Representative’s 's Units is identical to the Firm Units. The Representative’s 's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s 's Unit of $~~___ (___~~9.10, which is equal to 151% of the initial public offering price of a Unit). The Representative’s 's Purchase Option, the Representative’s 's Units, the Representative's Warrants ~~included in the Representative’s Units (“Representative’s Warrants”)~~ and the shares of Common Stock issuable upon exercise of the Representative’s 's Warrants are hereinafter referred to collectively as the “"Representative’s 's Securities.” " The Public Securities and the Representative’s 's Securities are hereinafter referred to collectively as the “"Securities.” " The Representative understands and agrees that there are significant restrictions against transferring the Representative’s 's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s 's Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Jaguar Acquisition Corp.)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their respective designees) on the Effective Date an option (“"Representative’s 's Purchase Option”") for the purchase of an aggregate of ~~____ units~~ 280,000 Units (“the "Representative’s 's Units”"), or such lesser number allowed by the Financial Industry Regulatory Authority, (the "FINRA") for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The Representative’s 's Purchase Option shall be exercisable, in whole or in part, commencing ~~on the later of the consummation of a Business Combination and one year~~ six months from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s 's Unit of $~~___~~ 11.00, which is equal to one hundred ten percent (~~___%~~ 110%) of the initial public offering price of a Unit), or at such higher price as allowed by the FINRA. The Representative’s 's Purchase Option, the Representative’s 's Units, the shares of Common Stock and the Warrants included in the Representative’s 's Units (“the "Representative’s 's Warrants”") and the shares of Common Stock issuable upon exercise of the Representative’s 's Warrants are hereinafter referred to collectively as the “"Representative’s 's Securities.” " The Public Securities and the Representative’s 's Securities are hereinafter referred to collectively as the “"Securities.~~” The~~ " Representative understands and agrees that there are significant restrictions against transferring the Representative’s 's Purchase Option during the first ~~year~~ six months after the Effective Date, as set forth in Section 3 of the Representative’s 's Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (China Resources Ltd.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 3,750,000 units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 10.00 (~~___~~125% of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Stone Tan China Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“"Representative’s 's Purchase Option”") for the purchase of an aggregate of ~~____~~ 700,000 units (“"Representative’s 's Units”") for an aggregate purchase price of $100. Each of the Representative’s 's Units is identical to the Firm Units. The Representative’s 's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s 's Unit of $~~___~~ 8.50 (~~___~~142% of the initial public offering price of a Unit). The Representative’s 's Purchase Option, the Representative’s 's Units, the Warrants included in the Representative’s 's Units (“"Representative’s 's Warrants”") and the shares of Common Stock issuable upon exercise of the Representative’s 's Warrants are hereinafter referred to collectively as the “"Representative’s 's Securities.” " The Public Securities and the Representative’s 's Securities are hereinafter referred to collectively as the “"Securities.” " The Representative understands and agrees that there are significant restrictions against transferring the Representative’s 's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s 's Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Geneva Acquisition Corp)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 700,000 units (the “Representative’s Units”) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination ~~and one year~~ or six months from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 12.50, which is equal to one hundred and ten percent (~~___%~~ 110%) of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Ordinary Shares and the Warrants included in the Representative’s Units (the “Representative’s Warrants”) and the ~~shares of Common Stock~~ Ordinary Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” ~~The~~ Representative understands and agrees ~~that~~ there are significant restrictions against transferring the Representative’s Purchase Option during the first ~~year~~ six months after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 1 contract

Samples: Warrant Agreement (Asia Special Situation Acquisition Corp)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the ~~Representative~~ Representatives (and/or ~~its~~ their designees) on the Effective Date an option (“~~Representative’s~~ Representatives’ Purchase Option”) for the purchase of an aggregate of ~~____~~ 250,000 units (the “~~Representative’s~~ Representatives’ Units”) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The ~~Representative’s~~ Representatives’ Purchase Option shall be exercisable, in whole or in part, commencing on the ~~later~~ first-year anniversary date of ~~the consummation of a Business Combination and one year from~~ the Effective Date and expiring on the ~~five-~~four (4) year anniversary date of the Effective ~~Date~~ Date, for cash or on a cashless basis, at an initial exercise price per ~~Representative’s~~ Representatives’ Unit of $~~___~~ ●, which is equal to one hundred and ten percent (~~___%~~ 110%) of the initial public offering price of a Unit). The ~~Representative’s~~ Representatives’ Purchase Option, the ~~Representative’s~~ Representatives’ Units, the shares of Common Stock and the Warrants included in the ~~Representative’s~~ Representatives’ Units (the “~~Representative’s~~ Representatives’ Warrants”) and the shares of Common Stock issuable upon exercise of the ~~Representative’s~~ Representatives’ Warrants are hereinafter referred to collectively as the “~~Representative’s~~ Representatives’ Securities.” The Public Securities and the ~~Representative’s~~ Representatives’ Securities are hereinafter referred to collectively as the “Securities.” The ~~Representative understands~~ Representatives understand and ~~agrees~~ agree that there are significant restrictions against transferring the ~~Representative’s~~ Representatives’ Purchase Option during the first ~~year~~ six (6) months after the Effective Date, as set forth in Section 3 of the ~~Representative’s~~ Representatives’ Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (SMG Indium Resources Ltd.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 210,000 units (“Representative’s Units”) for an aggregate purchase price of $~~100~~100.00. Each of the Representative’s Units is identical to the Firm Units, including the Warrants to purchase Ordinary Shares (sometimes referred to as the “Representative’s Warrants”). The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date ~~and expiring on the five-year anniversary of the Effective Date~~ at an initial exercise price per Representative’s Unit of $~~___~~ 8.00 (~~___~~100% of the initial public offering price of a Unit)) and may be exercised on a cashless basis. The Representative’s Warrants shall expire on the five-year anniversary of the Effective Date The Representative’s Purchase Option, the Representative’s Units, the ~~Warrants included in~~ Ordinary Shares contained within the Representative’s ~~Units (“~~Units, the Representative’s ~~Warrants”)~~ Warrants and the ~~shares of Common Stock~~ Ordinary Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s ~~Purchase Option~~ Securities during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Redstar Partners, Inc.)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 700,000 units (the “Representative’s Units”) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination ~~and one year~~ or six months from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 12.50, which is equal to one hundred and ten percent (~~___%~~ 125%) of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Ordinary Shares and the Warrants included in the Representative’s Units (the “Representative’s Warrants”) and the ~~shares of Common Stock~~ Ordinary Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” ~~The~~ Representative understands and agrees ~~that~~ there are significant restrictions against transferring the Representative’s Purchase Option during the first ~~year~~ six months after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 1 contract

Samples: Warrant Agreement (Asia Special Situation Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ______ units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $___ (___% of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and the shares of Common Stock included in the Representative’s Units and issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Fortissimo Acquisition Corp.)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the ~~Representative~~ Representatives (and/or ~~its~~ their designees) on the Effective Date an option (“~~Representative’s~~ Representatives’ Purchase Option”) for the purchase of an aggregate of ~~____~~ 300,000 units (the “~~Representative’s~~ Representatives’ Units”) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The ~~Representative’s~~ Representatives’ Purchase Option shall be exercisable, in whole or in part, commencing on the ~~later~~ first-year anniversary date of ~~the consummation of a Business Combination and one year from~~ the Effective Date and expiring on the ~~five-~~four (4) year anniversary date of the Effective ~~Date~~ Date, for cash or on a cashless basis, at an initial exercise price per ~~Representative’s~~ Representatives’ Unit of $~~___~~ ●, which is equal to one hundred and ten percent (~~___%~~ 110%) of the initial public offering price of a Unit). The ~~Representative’s~~ Representatives’ Purchase Option, the ~~Representative’s~~ Representatives’ Units, the shares of Common Stock and the Warrants included in the ~~Representative’s~~ Representatives’ Units (the “~~Representative’s~~ Representatives’ Warrants”) and the shares of Common Stock issuable upon exercise of the ~~Representative’s~~ Representatives’ Warrants are hereinafter referred to collectively as the “~~Representative’s~~ Representatives’ Securities.” The Public Securities and the ~~Representative’s~~ Representatives’ Securities are hereinafter referred to collectively as the “Securities.” The ~~Representative understands~~ Representatives understand and ~~agrees~~ agree that there are significant restrictions against transferring the ~~Representative’s~~ Representatives’ Purchase Option during the first ~~year~~ six (6) months after the Effective Date, as set forth in Section 3 of the ~~Representative’s~~ Representatives’ Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (SMG Indium Resources Ltd.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“"Representative’s 's Purchase Option”") for the purchase of an aggregate of ~~____~~ units (“"Representative’s 's Units”") for an aggregate purchase price of $100. Each of the Representative’s 's Units is identical to the Firm Units. The Representative’s 's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the ~~five~~four-year anniversary of the Effective Date at an initial exercise price per Representative’s 's Unit of ~~$___ (___~~$ ( % of the initial public offering price of a Unit). The Representative’s 's Purchase Option, the Representative’s 's Units, the Warrants included in the Representative’s 's Units (“"Representative’s 's Warrants”") and the shares of Common Stock issuable upon exercise of the Representative’s 's Warrants are hereinafter referred to collectively as the “"Representative’s 's Securities.” " The Public Securities and the Representative’s 's Securities are hereinafter referred to collectively as the “"Securities.” " The Representative understands and agrees that there are significant restrictions against transferring the Representative’s 's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s 's Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Taliera CORP)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____ units~~ 375,000 Units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination ~~and one year from the Effective Date~~ and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___ (___% of the initial public offering price of a~~ 10.00 per Representative’s Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants ~~included in~~ underlying the Representative’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Capital Ten Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to ~~the Representative~~ Xxxxxx (and/or ~~its~~ their designees) on the Effective Date an option (~~“Representative’s Purchase Option”~~"REPRESENTATIVE'S PURCHASE OPTION") for the purchase of an aggregate of ~~____~~ 1,875,000 units (~~“Representative’s Units”~~"REPRESENTATIVE'S UNITS") for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The Representative’s 's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination ~~and~~ or one year from the Effective Date and expiring on the ~~five~~four-year anniversary of the Effective Date at an initial exercise price per Representative’s 's Unit of $~~___~~ 8.80, which is equal to one hundred and ten percent (~~___%~~ 110%) of the initial public offering price of a Unit). The Representative’s 's Purchase Option, the Representative’s 's Units, The Common stock included in Representative's Units, the Warrants included in ~~the~~ Representative’s 's Units (~~“Representative’s Warrants”~~the "REPRESENTATIVE'S WARRANTS") and the shares of Common Stock issuable upon exercise of the Representative’s 's Warrants are hereinafter referred to collectively as the ~~“Representative’s Securities~~"REPRESENTATIVE'S SECURITIES.” " The Public Securities and the Representative’s 's Securities are hereinafter referred to collectively as the ~~“Securities~~"SECURITIES.~~” The Representative~~ " Xxxxxx understands and agrees that there are significant restrictions against transferring the Representative’s 's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s 's Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Vector Intersect Security Acquisition Corp.)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the ~~Representative~~ Representatives (and/or ~~its~~ their designees) on the Effective Date an option (“~~Representative’s~~ Representatives’ Purchase Option”) for the purchase of an aggregate of ~~____~~ 500,000 units (the “~~Representative’s~~ Representatives’ Units”) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The ~~Representative’s~~ Representatives’ Purchase Option shall be exercisable, in whole or in part, commencing on the ~~later~~ first-year anniversary date of ~~the consummation of a Business Combination and one year from~~ the Effective Date and expiring on the ~~five-~~four (4) year anniversary date of the Effective ~~Date~~ Date, for cash or on a cashless basis, at an initial exercise price per ~~Representative’s~~ Representatives’ Unit of $~~___~~ ●, which is equal to one hundred and ten percent (~~___%~~ 110%) of the initial public offering price of a Unit). The ~~Representative’s~~ Representatives’ Purchase Option, the ~~Representative’s~~ Representatives’ Units, the shares of Common Stock and the Warrants included in the ~~Representative’s~~ Representatives’ Units (the “~~Representative’s~~ Representatives’ Warrants”) and the shares of Common Stock issuable upon exercise of the ~~Representative’s~~ Representatives’ Warrants are hereinafter referred to collectively as the “~~Representative’s~~ Representatives’ Securities.” The Public Securities and the ~~Representative’s~~ Representatives’ Securities are hereinafter referred to collectively as the “Securities.” The ~~Representative understands~~ Representatives understand and ~~agrees~~ agree that there are significant restrictions against transferring the ~~Representative’s~~ Representatives’ Purchase Option during the first ~~year~~ six (6) months after the Effective Date, as set forth in Section 3 of the ~~Representative’s~~ Representatives’ Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (SMG Indium Resources Ltd.)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the ~~Representative~~ Representatives (and/or ~~its~~ their designees) on the Effective Date an option (“~~Representative’s~~ Representatives’ Purchase Option”) for the purchase of an aggregate of ~~____~~ 450,000 units (the “~~Representative’s~~ Representatives’ Units”) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The ~~Representative’s~~ Representatives’ Purchase Option shall be exercisable, in whole or in part, commencing on the ~~later~~ first-year anniversary date of ~~the consummation of a Business Combination and one year from~~ the Effective Date and expiring on the ~~five-~~four (4) year anniversary date of the Effective ~~Date~~ Date, for cash or on a cashless basis, at an initial exercise price per ~~Representative’s~~ Representatives’ Unit of $~~___~~ ●, which is equal to one hundred and ten percent (~~___%~~ 110%) of the initial public offering price of a Unit). The ~~Representative’s~~ Representatives’ Purchase Option, the ~~Representative’s~~ Representatives’ Units, the shares of Common Stock and the Warrants included in the ~~Representative’s~~ Representatives’ Units (the “~~Representative’s~~ Representatives’ Warrants”) and the shares of Common Stock issuable upon exercise of the ~~Representative’s~~ Representatives’ Warrants are hereinafter referred to collectively as the “~~Representative’s~~ Representatives’ Securities.” The Public Securities and the ~~Representative’s~~ Representatives’ Securities are hereinafter referred to collectively as the “Securities.” The ~~Representative understands~~ Representatives understand and ~~agrees~~ agree that there are significant restrictions against transferring the ~~Representative’s~~ Representatives’ Purchase Option during the first ~~year~~ six (6) months after the Effective Date, as set forth in Section 3 of the ~~Representative’s~~ Representatives’ Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (SMG Indium Resources Ltd.)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their respective designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____ units~~ Units (the “Representative’s Units”) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination ~~and~~ or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 11.00, which is equal to one hundred and ten percent (~~___%~~ 110%) of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the shares of Common Stock and the Warrants included in the Representative’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” ~~The~~ Representative ~~understands~~ understand and ~~agrees~~ agree that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s ’ Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (United Refining Energy Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 875,000 units (the “Representative’s Units”) for an aggregate purchase price of $~~100~~100.00. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination ~~and~~ or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 8.80, which is equal to one hundred and ten percent (~~___%~~ 110%) of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Phoenix India Acquisition Corp.)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their respective designees) on the Effective Date an option (“"Representative’s 's Purchase Option”") for the purchase of an aggregate of ~~____ units~~ 280,000 Units (“the "Representative’s 's Units”"), or such lesser number allowed by the National Association of Securities Dealers, (the "NASD") for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The Representative’s 's Purchase Option shall be exercisable, in whole or in part, commencing ~~on the later of the consummation of a Business Combination and one year~~ six months from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s 's Unit of $~~___~~ 11.00, which is equal to one hundred ten percent (~~___%~~ 110%) of the initial public offering price of a Unit), or at such higher price as allowed by the NASD. The Representative’s 's Purchase Option, the Representative’s 's Units, the shares of Common Stock and the Warrants included in the Representative’s 's Units (“the "Representative’s 's Warrants”") and the shares of Common Stock issuable upon exercise of the Representative’s 's Warrants are hereinafter referred to collectively as the “"Representative’s 's Securities.” " The Public Securities and the Representative’s 's Securities are hereinafter referred to collectively as the “"Securities.~~” The~~ " Representative understands and agrees that there are significant restrictions against transferring the Representative’s 's Purchase Option during the first ~~year~~ six months after the Effective Date, as set forth in Section 3 of the Representative’s 's Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (China Energy & Resources LTD)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their designees) on the ~~Effective~~ Closing Date an option (“Representative’s Purchase Option”) ~~for the~~ to purchase of up to an aggregate of ~~____~~ 750,000 units (the “Representative’s Units”) for an aggregate purchase price of $~~100~~100.00. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the ~~later of the consummation of a Business Combination and one year~~ date that is sixth months from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 12.50, which is equal to one hundred and twenty-five percent (~~___%~~ 125%) of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the shares of Common Stock (the “Representative’s Shares”) and the Warrants (the “Representative’s Warrants”) included in the Representative’s Units ~~(“Representative’s Warrants”)~~ and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.”

Appears in 1 contract

Samples: Underwriting Agreement (Seanergy Maritime Corp.)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____~~ 460,000 units (the “Representative’s Units”) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a the Business Combination ~~and one year from~~ or the six (6) month anniversary date of the Effective Date and expiring on the ~~five-~~five (5) year anniversary date of the Effective ~~Date~~ Date, for cash or on a cashless basis, at an initial exercise price per Representative’s Unit of $~~___~~ 12.00, which is equal to one hundred and twenty percent (~~___%~~ 120%) of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Ordinary Shares and the Warrants included in the Representative’s Units (the “Representative’s Warrants”) and the ~~shares of Common Stock~~ Ordinary Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first ~~year~~ six (6) months after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Prime Acquisition Corp)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of _______ units (“Representative’s Units”) for an aggregate purchase price of $100. Each of the Representative’s Units is identical to the Firm Units. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $____ (___% of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the Warrants included in the Representative’s Units (“Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” The Representative understands and agrees that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Columbus Acquisition Corp)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the Representative (and/or ~~its~~ their respective designees) on the Effective Date an option (“Representative’s Purchase Option”) for the purchase of an aggregate of ~~____ units~~ 1,250,000 Units (the “Representative’s Units”) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination ~~and~~ or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $~~___~~ 25.00, which is equal to one hundred and twenty five percent (~~___%~~ 125%) of the initial public offering price of a Unit). The Representative’s Purchase Option, the Representative’s Units, the shares of Common Stock and the Warrants included in the Representative’s Units (the “Representative’s Warrants”) and the shares of Common Stock issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” ~~The~~ Representative ~~understands~~ understand and ~~agrees~~ agree that there are significant restrictions against transferring the Representative’s Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s ’ Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (United Refining Energy Corp)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the ~~Representative~~ Representatives (and/or ~~its~~ their respective designees) on the Effective Date an option (“~~Representative’s~~ Representatives’ Purchase Option”) for the purchase of an aggregate of ~~____ units~~ 281,250 Units (the “~~Representative’s~~ Representatives’ Units”) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The ~~Representative’s~~ Representatives’ Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination ~~and one year~~ or six months from the Effective Date and expiring on the ~~five~~three-year anniversary of the Effective Date at an initial exercise price per ~~Representative’s~~ Representatives’ Unit of $~~___~~ 10.00, which is equal to one hundred and twenty-five percent (~~___%~~ 125%) of the initial public offering price of a Unit). The ~~Representative’s~~ Representatives’ Purchase Option, the ~~Representative’s~~ Representatives’ Units, the shares of Common Stock and the Warrants included in the ~~Representative’s~~ Representatives’ Units (the “~~Representative’s~~ Representatives’ Warrants”) and the shares of Common Stock issuable upon exercise of the ~~Representative’s~~ Representatives’ Warrants are hereinafter referred to collectively as the “~~Representative’s~~ Representatives’ Securities.” The Public Securities and the ~~Representative’s~~ Representatives’ Securities are hereinafter referred to collectively as the “Securities.” ~~The Representative understands~~ Representatives understand and ~~agrees that~~ agree there are significant restrictions against transferring the ~~Representative’s~~ Representatives’ Purchase Option during the first ~~year~~ six months after the Effective Date, as set forth in Section 3 of the ~~Representative’s~~ Representatives’ Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (TransTech Services Partners Inc.)

Purchase Option. ~~The~~ As additional consideration, the Company hereby agrees to issue and sell to the ~~Representative~~ Representatives (and/or ~~its~~ their respective designees) on the Effective Date an option (“~~Representative’s~~ Representatives’ Purchase Option”) for the purchase of an aggregate of ~~____ units~~ 281,250 Units (the “~~Representative’s~~ Representatives’ Units”) for an aggregate purchase price of $~~100. Each of the Representative’s Units is identical to the Firm Units~~100.00. The ~~Representative’s~~ Representatives’ Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination ~~and one year~~ or six months from the Effective Date and expiring on the ~~five~~three-year anniversary of the Effective Date at an initial exercise price per ~~Representative’s~~ Representatives’ Unit of $~~___~~ 10.00, which is equal to one hundred and twenty-five percent (~~___%~~ 125%) of the initial public offering price of a Unit). The ~~Representative’s~~ Representatives’ Purchase Option, the ~~Representative’s~~ Representatives’ Units, the shares of Common Stock and the Warrants included in the ~~Representative’s~~ Representatives’ Units (the “~~Representative’s~~ Representatives’ Warrants”) and the shares of Common Stock issuable upon exercise of the ~~Representative’s~~ Representatives’ Warrants are hereinafter referred to collectively as the “~~Representative’s~~ Representatives’ Securities.” The Public Securities and the ~~Representative’s~~ Representatives’ Securities are hereinafter referred to collectively as the “Securities.” ~~The Representative understands~~ Representatives understand and ~~agrees~~ agree that there are significant restrictions against transferring the ~~Representative’s~~ Representatives’ Purchase Option during the first ~~year~~ six months after the Effective Date, as set forth in Section 3 of the ~~Representative’s~~ Representatives’ Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (TransTech Services Partners Inc.)

Purchase Option. The Company hereby agrees to issue and sell to the ~~Representative~~ Representatives (and/or ~~its~~ their designees) on the Effective Date an option (“~~Representative’s~~ Representatives’ Purchase Option”) for the purchase of an aggregate of __________ units (“~~Representative’s~~ Representatives’ Units”) for an aggregate purchase price of $100. Each of the ~~Representative’s~~ Representatives’ Units is identical to the Firm Units. The ~~Representative’s~~ Representatives’ Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per ~~Representative’s~~ Representatives’ Unit of $____ (___% of the initial public offering price of a Unit). The ~~Representative’s~~ Representatives’ Purchase Option, the ~~Representative’s~~ Representatives’ Units, the Warrants included in the ~~Representative’s~~ Representatives’ Units (“~~Representative’s~~ Representatives’ Warrants”) and the shares of Common Stock issuable upon exercise of the ~~Representative’s~~ Representatives’ Warrants are hereinafter referred to collectively as the “~~Representative’s~~ Representatives’ Securities.” The Public Securities and the ~~Representative’s~~ Representatives’ Securities are hereinafter referred to collectively as the “Securities.” ~~The~~ Each Representative understands and agrees that there are significant restrictions against transferring the ~~Representative’s~~ Representatives’ Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the ~~Representative’s~~ Representatives’ Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Alyst Acquisition Corp.)

Purchase Option. The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Effective Date an option (“"Representative’s 's Purchase Option”") for the purchase of an aggregate of ~~____~~ 300,000 units (“"Representative’s 's Units”") for an aggregate purchase price of $100. Each of the Representative’s 's Units is identical to the Firm Units. The Representative’s 's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination ~~and~~ or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s 's Unit of $___, which is equal to ___________ percent (___% %) of the initial public offering price of a Unit). The Representative’s 's Purchase Option, the Representative’s 's Units, the Representative's Warrants ~~included in the Representative’s Units (“Representative’s Warrants”)~~ and the shares of Common Stock issuable upon exercise of the Representative’s 's Warrants are hereinafter referred to collectively as the “"Representative’s 's Securities.” " The Public Securities and the Representative’s 's Securities are hereinafter referred to collectively as the “"Securities.” " The Representative understands and agrees that there are significant restrictions against transferring the Representative’s 's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative’s 's Purchase Option.

Appears in 1 contract

Samples: Underwriting Agreement (Chardan China Acquisition Corp)

Common use of Purchase Option Clause in Contracts