Common use of Transaction Financing Clause in Contracts

Transaction Financing. During the Interim Period, (a) the Company shall use its reasonable best efforts to obtain transaction financing in the aggregate amount of at least US$15,000,000, in the form of firm written commitments from investors reasonably acceptable to SPAC or in the form of good faith deposits made by investors for a private placement of equity, debt or other alternative financing, in each case, to the Company or PubCo, on terms and conditions to be agreed by SPAC and the Company (a “Transaction Financing Procured by Company”), and (b) as long as the Company obtains the Transaction Financing Procured by Company, the SPAC shall use its reasonable best efforts to obtain additional transaction financing to SPAC or PubCo on terms reasonably satisfactory to SPAC and the Company (a “Transaction Financing Procured by SPAC” and together with the Transaction Financing Procured by Company, the “Transaction Financings”).

Transaction Financing. During the Interim Period, (a) the Company shall use its reasonable best efforts to obtain transaction financing in the aggregate amount of at least US$15,000,0009,000,000, in the form of firm written commitments from investors reasonably acceptable to SPAC or in the form of good faith deposits made by investors for a private placement of equity, debt or other alternative financing, in each case, financing to the Company or PubCo, on terms and conditions to be agreed by SPAC and the Company (a “Transaction Financing PIPE Investment Procured by Company”), and (b) as long as the Company obtains the Transaction Financing PIPE Investment Procured by Company, the SPAC shall use its reasonable best efforts to obtain additional additionally transaction financing to SPAC or PubCo on terms reasonably satisfactory to SPAC and the Company (a “Transaction Financing PIPE Investment Procured by SPAC” and together with the Transaction Financing PIPE Investment Procured by Company, the “Transaction FinancingsPIPE Investments”).”

Transaction Financing. During the Interim Period, (a) the Company shall use its reasonable best efforts to obtain transaction financing in the aggregate amount of at least US$15,000,0003,750,000, in the form of firm written commitments from investors reasonably acceptable to SPAC or in the form of good faith deposits made by investors for a private placement of equity, debt or other alternative financing, in each case, financing to the Company or PubCo, on terms and conditions to be agreed by SPAC and the Company (a “Transaction Financing PIPE Investment Procured by Company”), and (b) as long as the Company obtains the Transaction Financing PIPE Investment Procured by Company, the SPAC shall use its reasonable best efforts to obtain additional additionally transaction financing to SPAC or PubCo on terms reasonably satisfactory to SPAC and the Company (a “Transaction Financing PIPE Investment Procured by SPAC” and together with the Transaction Financing PIPE Investment Procured by Company, the “Transaction FinancingsPIPE Investments”).