Common use of Lock-up; Transfer Restrictions Clause in Contracts

Lock-up; Transfer Restrictions. (a) The Sponsor and the Insiders agree that the Insider shall not Transfer any Founder Shares (the “Founder Shares Lock-up”) until the earliest of (A) one year after the completion of our initial business combination and (B) subsequent to our initial business combination, (x) if the closing price of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination, or (y) the date on which we complete a liquidation, merger, share exchange or other similar transaction that results in all of our public shareholders having the right to exchange their ordinary shares for cash, securities or other property, (the “Founder Shares Lock-up Period”).

Lock-up; Transfer Restrictions. (a) The Sponsor and the Insiders agree that the Insider they shall not Transfer any Founder Shares (the “Founder Shares Lock-up”) until the earliest of (A) one year after the completion of our an initial business combination Business Combination and (B) subsequent to our the initial business combination, (x) if the closing last reported sale price of our the Class A ordinary shares common stock equals or exceeds $12.00 per share (as adjusted for share subdivisionsstock splits, share capitalizationsstock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our the initial business combination, or (y) the date on which we complete upon completion of a liquidation, merger, share exchange stock exchange, reorganization or other similar transaction that results in all of our the public shareholders stockholders having the right to exchange their ordinary shares Common Stock for cash, securities or other property, property (the “Founder Shares Lock-up Period”).

Lock-up; Transfer Restrictions. (a) The Sponsor and the Insiders agree that the Insider shall not Transfer any Founder Shares (the “Founder Shares Lock-up”) until the earliest of (A) one year after the completion of our initial business combination and (B) subsequent to our initial business combination, (x) if the closing price of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination, or (y) the date on which we complete a liquidation, merger, share exchange or other similar transaction that results in all of our public shareholders having the right to exchange their ordinary shares for cash, securities or other property, . (the “Founder Shares Lock-up Period”).