Sponsor Warrants. The Sponsor Warrants shall be identical to the Public Warrants, except that so long as they are held by the Sponsor or any of its Permitted Transferees (as defined below) the Sponsor Warrants: (i) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c) hereof, (ii) including the shares of Common Stock issuable upon exercise of the Sponsor Warrants, may not be transferred, assigned or sold until thirty (30) days after the completion by the Company of an initial Business Combination, and (iii) shall not be redeemable by the Company; provided, however, that in the case of (ii), the Sponsor Warrants and any shares of Common Stock issued upon exercise of the Sponsor Warrants may be transferred by the holders thereof:
Sponsor Warrants. The Sponsor Warrants shall be identical to the Offering Warrants, except that so long as they are held by the Sponsor, the Founder or any of their Permitted Transferees (as defined below) the Sponsor Warrants: (i) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c) hereof, (ii) may not be transferred, assigned or sold until thirty (30) days after the completion by the Company of an initial Business Combination (as defined below), and (iii) shall not be redeemable by the Company; provided, however, that in the case of (ii), the Sponsor Warrants and any shares of the Common Stock held by the Sponsor and issued upon exercise of the Sponsor Warrants may be transferred by the Sponsor: (a) to the Company’s officers or directors, any affiliate or family member of any of the Company’s officers or directors or any affiliate of the Sponsor or to any limited partner(s) of the Sponsor; (b) in the case of the Founder, by gift to a member of the Founder’s immediate family or to a trust, the beneficiary of which is a member of the Founder’s immediate family, an affiliate of the Founder or to a charitable organization; (c) in the case of the Founder, by virtue of the laws of descent and distribution upon death of the Founder; (d) in the case of the Founder, pursuant to a qualified domestic relations order; (e) by virtue of the laws of the state of Delaware or the Sponsor’s limited liability agreement upon dissolution of the Sponsor; (f) in the event of the Company’s liquidation prior to the completion of the Company’s initial Business Combination; or (g) in the event that the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction that results in all of the holders of the Company’s equity securities issued in the Offering having the right to exchange their shares of the Common Stock for cash, securities or other property subsequent to the consummation of the Company’s initial Business Combination; provided, however, that, in the case of clauses (a) through (d), these transferees (the “Permitted Transferees”) enter into a written agreement with the Company agreeing to be bound by the transfer restrictions in this Agreement.
Sponsor Warrants. On the Closing Date, the Insiders shall have purchased the Sponsor Warrants and the purchase price for such Sponsor Warrants shall be deposited into the Trust Account.
Sponsor Warrants. The Sponsor Warrants shall have the same terms and be in the same form as the Public Warrants except with respect to the transferability of the Warrants as set forth in Section 5.1.2 and the redemption of the Warrants as set forth in Section 6.6.
Sponsor Warrants. The Sponsor Warrants shall have the same terms and be in the same form as the Public Warrants, except that:
Sponsor Warrants. The Sponsor Warrants will be issued in the same form as the Public Warrants but they (i) will not be transferable or salable until 30 days after the Company completes an acquisition, share exchange, share reconstruction and amalgamation or contractual control arrangement with, purchase of all or substantially all of the assets of, or any other similar business transactions with operating businesses or assets (a “Business Transaction”), (ii) will be exercisable on a cashless basis so long as they are held by the Sponsor or its affiliates, (iii) will not be redeemable by the Company so long as they are held by the Sponsor or its affiliates and (iv) may be exercised for unregistered shares if a registration statement relating to the Ordinary Shares issuable upon exercise of the Warrants is not effective and current, subject to Section 3.3.2 (ii) herein.
Sponsor Warrants. Notwithstanding anything herein to the contrary, the Warrant Agent shall not register for transfer any Sponsor Warrants until the later of _______, 2009 or the 60th day after the consummation of a Business Combination, except for (a) transfers of Sponsor Warrants resulting from the death of any of the holders thereof, (b) transfers by operation of law, (c) any transfer for estate planning purposes to persons immediately related to the transferor by blood, marriage or adoption, or (d) transfers to any trust solely for the benefit of such transferor and/or the persons described in the preceding clause, on condition that prior to such registration for transfer, the Warrant Agent shall be presented with written documentation pursuant to which each permitted transferee or the trustee or legal guardian for each permitted transferee agrees to be bound by the terms of the Warrant Purchase Agreement.
Sponsor Warrants. A Sponsor Warrant may be exercised only during the period following consummation of a Business Combination by the Company and terminating at 5:00 p.m., New York City time on the earlier to occur of (x) [ ], 2013 or (y) the date fixed for redemption of the Warrants as provided in Section 6 of this Agreement. The Sponsor Warrants are not subject to redemption so long as they are held by their initial purchasers or their permitted designees. The Sponsor Warrants may not be sold, assigned or transferred until the later of _________, 2009 or the 60th day following consummation of a Business Combination.
Sponsor Warrants. Promptly following the consummation of the IPO, the Sponsor shall deliver to the Escrow Agent certificate(s) representing the Sponsor’s respective Escrow Warrants as set forth opposite its name on Exhibit A hereto, which certificate(s) shall remain in the name of the Sponsor, to be held and disbursed subject to the terms and conditions of this Agreement. The Sponsor acknowledges that the certificates representing its Escrow Warrants are legended to reflect the deposit of such Escrow Warrants in escrow under this Agreement.
Sponsor Warrants. Prior to the Effective Date, the Company granted to the Sponsor warrants to purchase an aggregate of 2,500,000 warrants identical to the Warrants comprising part of the Units (the “Sponsor Warrants”), except as described in the Registration Statement and that the Sponsor Warrants are exercisable at $12.50 per share. The Sponsor Warrants and the shares of Common Stock issuable upon exercise of the Sponsor Warrants are hereinafter referred to collectively as the “Sponsor Warrant Securities.”
