Common use of Terms of the Warrant Clause in Contracts

Terms of the Warrant. The Warrants are substantially identical to the warrants included in the units offered in the IPO, except: (i) they will not have a claim to the funds held in the trust account, (ii) they will be placed in escrow and not released before, except in limited circumstances, until after the consummation of a Business Combination as more fully described in Section 5, (iii) they are being purchased in a private placement pursuant to an exemption from the registration requirements of the Securities Act and will become freely tradable only after they are registered pursuant to a registration rights agreement to be entered on or before the date of the final prospectus relating to the Company’s IPO, (iv) they will be non-redeemable so long as they are held by Subscriber (or any of its permitted assigns), (v) they are exercisable (a) on a “cashless” basis if held by the Subscriber or its permitted assigns and (b) may not be sold, assigned or transferred until the consummation of a business combination, (vi) they will not have rights to any liquidation distribution, and (vii) may be exercised in the absence of an effective registration statement covering the Ordinary Shares underlying the Warrants. In the event that Company fails to consummate a business combination the Warrants will expire worthless. In no event will the Company be required to net cash settle the Warrant exercise.

Terms of the Warrant. The Warrants are substantially identical to the warrants included in the units offered in the IPO, except: (i) they will not have a claim to the funds held in the trust account, (ii) they will be placed in escrow and not released before, except in limited circumstances, until after the consummation of a Business Combination as more fully described in Section 5, (iii) they are being purchased in a private placement pursuant to an exemption from the registration requirements of the Securities Act and will become freely tradable only after they are registered pursuant to a registration rights agreement to be entered on or before the date of the final prospectus relating to the Company’s IPO, (iv) they will be non-redeemable so long as they are held by Subscriber (or any of its permitted assigns), (v) they are exercisable (a) on a “cashless” basis if held by the Subscriber or its permitted assigns and (b) may not be sold, assigned or transferred until the consummation of a business combination, (vi) they will not have rights to any liquidation distribution, and (vii) may be exercised in the absence of an effective registration statement covering the Ordinary Shares underlying the Warrants. In the event that the Company fails to consummate a business combination the Warrants will expire worthless. In no event will the Company be required to net cash settle the Warrant exercise.

Terms of the Warrant. The Warrants are substantially identical to the warrants included in the units offered in the IPO, except: (i) they will not have a claim to the funds held in the trust accountTrust Account, (ii) they will be placed in escrow and not released before, except in limited circumstances, until after the consummation of a Business Combination as more fully described in Section 5, (iii) they are being purchased in a private placement pursuant to an exemption from the registration requirements of the Securities Act and will become freely tradable only after they are registered pursuant to a registration rights agreement to be entered on or before the date of the final prospectus relating to the Company’s IPO, (iv) they will be non-redeemable so long as they are held by Subscriber (or any of its permitted assigns), (v) they are exercisable (a) on a “cashless” basis if held by the Subscriber or its permitted assigns and (b) may not be sold, assigned or transferred until the consummation of a business combinationBusiness Combination, (vi) they will not have rights to any liquidation distribution, and (vii) they may be exercised in the absence of an effective registration statement covering the Ordinary Shares underlying the WarrantsWarrant Shares. In the event that Company fails to consummate a business combination the Warrants will expire worthless. In no event will the Company be required to net cash settle the Warrant exercise.

Terms of the Warrant. The Warrants are substantially identical to the warrants included in the units offered in the IPO, except: (i) they will not have a claim to the funds held in the trust accountTrust Account, (ii) they will be placed in escrow and not released before, except in limited circumstances, until after the consummation of a Business Combination as more fully described in Section 5, (iii) they are being purchased in a private placement pursuant to an exemption from the registration requirements of the Securities Act and will become freely tradable only after they are registered pursuant to a registration rights agreement to be entered on or before the date of the final prospectus relating to the Company’s IPO, (iv) they will be non-redeemable so long as they are held by Subscriber Subscribers (or any of its their permitted assigns), (v) they are exercisable (a) on a “cashless” basis if held by the Subscriber Subscribers or its their permitted assigns and (b) may not be sold, assigned or transferred until the consummation of a business combination, (vi) they will not have rights to any liquidation distribution, and (vii) they may be exercised in the absence of an effective registration statement covering the Ordinary Shares underlying the WarrantsWarrant Shares. In the event that Company fails to consummate a business combination the Warrants will expire worthless. In no event will the Company be required to net cash settle the Warrant exercise.