Common use of Redemption of Warrants for Cash Clause in Contracts

Redemption of Warrants for Cash. All, but not less than all, of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.2 below, at the price of $0.01 per Warrant (the “Redemption Price”); provided that the closing price of the Ordinary Shares reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period commencing once the Warrants become exercisable and ending on the third Business Day prior to the date on which notice of the redemption is given; provided further that there is an effective registration statement covering the issuance of the Ordinary Shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 below). The Company may elect to redeem the Warrants even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. The Company shall use its commercially reasonable best efforts to register or qualify such Ordinary Shares under the blue sky laws of the state of residence in those states in which the Public Warrants were offered in the Offering.

Redemption of Warrants for Cash. All, but not Not less than all, all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.2 6.03 below, at the price of $0.01 per Warrant (the “Redemption Price”); provided that the closing last sales price of the Ordinary Shares reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 Article IV hereof), on each of twenty (20) trading days within the thirty (30) trading-day period commencing once the Warrants become exercisable and ending on the third Business Day prior to the date on which notice of the redemption is given; given and provided further that there is an effective post-effective amendment to the Registration Statement or an effective new registration statement covering the issuance of the Ordinary Shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 6.03 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.03(a). The ; provided, however, that if and when the Warrants become redeemable by the Company, the Company may elect to redeem not exercise such redemption right if the issuance of Ordinary Shares upon exercise of the Warrants even if it is not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to register effect such registration or qualify the underlying securities for sale under all applicable state securities laws. The Company shall use its commercially reasonable best efforts to register or qualify such Ordinary Shares under the blue sky laws of the state of residence in those states in which the Public Warrants were offered in the Offeringqualification.

Redemption of Warrants for Cash. All, but not less than all, of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.2 below, at the price of $0.01 per Warrant (the “Redemption Price”); provided that the closing price of the Ordinary Shares reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period commencing once the Warrants become exercisable and ending on the third Business Day prior to the date on which notice of the redemption is given; provided further that there is an effective registration statement covering the issuance of the Ordinary Shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 below). The Company may elect to redeem the Warrants even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. The Company shall use its commercially reasonable best efforts to register or qualify such Ordinary Shares under the blue sky laws of the state of residence in those states in which the Public Warrants were offered in the Offering.