Purchase Option Clause Example with 65 Variations from Business Contracts
This page contains Purchase Option clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of EarlyBirdCapital, Inc. ("Holder"), as registered owner of this Purchase Option, to Big Rock Partners Acquisition Corp. ("Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or _____________, 2018 ("Commencement Date"), and at or before 5:00 p.m., New York City local time, on the five year anniversary of the effective date ("Effective Date") of the Co...mpany's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), but not thereafter ("Expiration Date"), to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) units ("Units") of the Company, each Unit consisting of one share of common stock of the Company, par value $0.0001 per share ("Common Stock"), one right ("Right(s)") entitling the Holder to receive one tenth (1/10) of a share of Common Stock upon consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. Each Right is the same as the right included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context.View More
Variations of a "Purchase Option" Clause from Business Contracts
Purchase Option. THIS CERTIFIES THAT, in consideration (a) In the event that the Participant ceases to provide Service for any reason or no reason, with or without Cause, prior to [_________]3, the Company shall have the right and option (the "Purchase Option") to purchase from the Participant, for a sum of $100 duly paid by or on behalf of EarlyBirdCapital, Inc. ("Holder"), as registered owner of this Purchase Option, to Big Rock Partners Acquisition Corp. ("Company"), Holder is entitled, at any time or from ti...me to time upon the later of the consummation of a Business Combination or _____________, 2018 ("Commencement Date"), and at or before 5:00 p.m., New York City local time, on the five year anniversary of the effective date ("Effective Date") of the Company's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), but not thereafter ("Expiration Date"), to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) units ("Units") of the Company, each Unit consisting of one share of common stock of the Company, par value $0.0001 per share ("Common Stock"), one right ("Right(s)") entitling the Holder to receive one tenth (1/10) of a share of Common Stock upon consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. Each Right is the same as the right included in the Units being registered for sale to the public by way (the "Option Price"), some or all of the Registration Statement. Each Warrant is the same Shares as the warrant included in the Units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms set forth herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. (b) [________________________________________________________] 4. (c) [[________________________________________________________] 5.] View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of EarlyBirdCapital, Inc. ________________ ("Holder"), as registered owner of this Purchase Option, to Big Rock Partners Acquisition Corp. PAVmed, Inc. ("Company"), Holder is entitled, at any time or from time to time upon from the later of the consummation of a Business Combination or _____________, 2018 Closing Date ("Commencement Date"), and at or before 5:00 p.m., New York City local time, on the five year anniversary of... the effective date ("Effective Date") of the Company's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), _________, 2020 ("Expiration Date")2, but not thereafter ("Expiration Date"), thereafter, to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) ______________________(_____) units ("Units") of the Company, each Unit consisting of one share of the Company's common stock of the Company, stock, par value $0.0001 $0.001 per share ("Common Stock"), one right ("Right(s)") entitling the Holder to receive one tenth (1/10) of a share of Common Stock upon consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. ("Warrant(s)") expiring five years from the Closing Date. Each Right Warrant is the same as the right warrants included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units being registered for sale to the public by way of the Company's Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the this Purchase Option. This Purchase Option is initially exercisable at $10.00 $_____ per Unit Unit3 so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights Stock and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of EarlyBirdCapital, Inc. ________________. ("Holder"), as registered owner of this Purchase Option, to Big Rock Partners Acquisition Corp. PAVmed Inc. ("Company"), Holder is entitled, at any time or from time to time upon from the later of the consummation of a Business Combination or _____________, 2018 Closing Date ("Commencement Date"), and at or before 5:00 p.m., New York City local time, on the five year anniversary of... the effective date ("Effective Date") of the Company's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), _________, 2021 ("Expiration Date")2, but not thereafter ("Expiration Date"), thereafter, to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) ______________________(_____) units ("Units") of the Company, each Unit consisting of one share of the Company's common stock of the Company, stock, par value $0.0001 $0.001 per share ("Common Stock"), one right ("Right(s)") entitling the Holder to receive one tenth (1/10) of a share of Common Stock upon consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. ("Warrant(s)") expiring five years from the date that the Company's initial registration statement filed with the U.S. Securities and Exchange Commission, file number 333-203659, is declared effective ("Effective Date"). Each Right Warrant is the same as the right warrants included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units being registered for sale to the public by way of the Company's Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the this Purchase Option. This Purchase Option is initially exercisable at $10.00 $_____ per Unit Unit3 so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights Stock and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 $100.00 duly paid by or on behalf of EarlyBirdCapital, Inc. ("Holder"), Maxim Partners LLC, as registered owner of this Unit Purchase Option, Option (the "Holder" and, together with all other holders of any portion of this Unit Purchase Option as the context herein requires, the "Holders"), to Big Rock Partners I-AM Capital Acquisition Corp. ("Company"), Company, a Delaware corporation (the "Company"), Holder is entitled, at any time or from time to ...time upon during the period commencing (the "Commencement Date") on the later of of: (i) the consummation of a Business Combination or _____________, 2018 ("Commencement Date"), Transaction and (ii) twelve months following the Effective Date (defined below), and expiring at or before 5:00 p.m., New York City local time, on the five year anniversary of the effective date ("Effective Date") of the Company's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), time ______, 2022 (the "Expiration Date"), but not thereafter ("Expiration Date"), thereafter, to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) Two Hundred Fifty Thousand (250,000) units ("Units") (the "Units") of the Company, each Company. Each Unit consisting consists of (i) one share of common stock of the Company, Common Stock, $.0001 par value $0.0001 per share ("Common Stock"), one right ("Right(s)") entitling the Holder to receive one tenth (1/10) of a share of Common Stock upon consummation of a Business Combination, Stock") and one-half of (ii) one warrant ("Warrant(s)"), each whole warrant (the "Warrant(s)") to purchase one share of Common Stock. The Warrants expire five years from the effective date (the "Effective Date") of the registration statement (the "Registration Statement") pursuant to which Units are offered for sale to the public (the "Offering"). Each Right Warrant is on the same terms and conditions as the right included in warrants underlying the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised shall expire on the next succeeding day which that is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 $11.50 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the (the "Exercise Price"). The number of Units (and shares of Common Stock, Rights purchasable hereunder and Warrants) the Exercise Price are subject to be received upon such exercise, shall be adjusted adjustment as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. provided in this Purchase Option. View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 $______ duly paid by or on behalf of EarlyBirdCapital, Inc. ("Holder"), _____________ (the "Holder"), as registered owner of this Purchase Option, to Big Rock Partners GEF Acquisition Corp. Corporation ("Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or _____________, 2018 _______________ ("Commencement Date"), and at or before 5:00 p.m., New York City local time, on the fi...ve year anniversary of the effective date ("Effective Date") of the Company's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), but not thereafter ("Expiration Date"), to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) _________ (_______) units ("Units") of the Company, each Unit consisting of one share of common stock Class A Ordinary Share of the Company, par value $0.0001 per share ("Common Stock"), ("Ordinary Shares"), and one right ("Right(s)") entitling the Holder to receive one tenth (1/10) of a share of Common Stock upon consummation of a Business Combination, and one-half of one redeemable warrant ("Warrant(s)"), each whole warrant Warrant to purchase one share of Common Stock. (1) Ordinary Share. Each Right is Warrant has the same as the right included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same terms as the warrant included in the Units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 $12.00 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights Ordinary Shares and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 $100.00 duly paid by or on behalf of EarlyBirdCapital, Inc. ("Holder"), Maxim Partners LLC, as registered owner of this Unit Purchase Option, Option (the "Holder" and, together with all other holders of any portion of this Unit Purchase Option as the context herein requires, the "Holders"), to Big Rock Partners I-AM Capital Acquisition Corp. ("Company"), Company, a Delaware corporation (the "Company"), Holder is entitled, at any time or from time to ...time upon during the period commencing (the "Commencement Date") on the later of of: (i) the consummation of a Business Combination or _____________, 2018 ("Commencement Date"), Transaction and (ii) twelve months following the Effective Date (defined below), and expiring at or before 5:00 p.m., New York City local time, on the five year anniversary of the effective date ("Effective Date") of the Company's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), time ______, 2022 (the "Expiration Date"), but not thereafter ("Expiration Date"), thereafter, to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) Two Hundred Fifty Thousand (250,000) units ("Units") (the "Units") of the Company, each Company. Each Unit consisting consists of (i) one share of common stock of the Company, Common Stock, $.0001 par value $0.0001 per share ("Common Stock"), (ii) one warrant (the "Warrant(s)") to purchase one share of Common Stock and (iii) one right ("Right(s)") entitling the Holder to receive one tenth one-tenth (1/10) of a one share of Common Stock upon consummation of a Business Combination, Transaction (the "Right(s)") . The Warrants expire five years from the effective date (the "Effective Date") of the registration statement (the "Registration Statement") pursuant to which Units are offered for sale to the public (the "Offering"). Each Warrant and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. Each Right is on the same terms and conditions as the right included in warrants and rights underlying the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised shall expire on the next succeeding day which that is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 $11.50 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the (the "Exercise Price"). The number of Units (and shares of Common Stock, Rights purchasable hereunder and Warrants) the Exercise Price are subject to be received upon such exercise, shall be adjusted adjustment as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. provided in this Purchase Option. View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 $100.00 duly paid by or on behalf of EarlyBirdCapital, Inc. Maxim Partners LLC ("Holder"), as registered owner of this Purchase Option, to Big Rock Partners AIB Acquisition Corp. ("Company"), Corporation (the "Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or _____________, 2018 ("Commencement (the "Commencement Date"), and at or before 5:00 p.m., New York City local time, ...on the five year anniversary earlier of the effective date ("Effective Date") liquidation of the Company's registration statement ("Registration Trust Account (as described in the Company's Registration Statement on Form S-1 (the "Registration Statement") pursuant to which Units units of the Company are offered for sale to the public ("Offering"), in the Company's initial public offering ("Offering")) in the event the Company has not completed a Business Combination within the required time periods and January 18, 2027, five years from the effective date (the "Effective Date") of the Registration Statement (the "Expiration Date"), but not thereafter ("Expiration Date"), thereafter, to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) 431,250 units ("Units") of the Company, each Unit consisting of one (1) ordinary share of common stock of the Company, par value $0.0001 per share ("Common Stock"), Company (the "Ordinary Share(s)") and one (1) right ("Right(s)") entitling the Holder to receive one tenth one-tenth (1/10) of a share of Common Stock an Ordinary Share upon the consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. Combination (the "Right(s)"). Each Right is the same as the right included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). (the "Public Rights"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 $11.00 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights Ordinary Shares and Warrants) Rights) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of EarlyBirdCapital, Inc. ("Holder"), ________ (the "Holder"), as registered owner of this Purchase Option, purchase option (this "Purchase Option"), to Big Rock Partners E-compass Acquisition Corp. ("Company"), Corp., the Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or _____________, 2018 ("Commencement [__], 2016 (the "Commencement Date"), and at or befor...e 5:00 p.m., New York City local time, on the five year anniversary of the effective date ("Effective (the "Effective Date") of the Company's registration statement ("Registration (the "Registration Statement") pursuant to which Units (as defined herein) are offered for sale to the public ("Offering"), (the "Offering"), but not thereafter ("Expiration (the "Expiration Date"), to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) _______ (______) units ("Units") (the "Units") of the Company, each Unit consisting of one ordinary share of common stock of the Company, par value $0.0001 per share ("Common Stock"), (the "Ordinary Shares") and one right ("Right(s)") entitling the Holder to receive one tenth one-tenth (1/10) of a share of Common Stock upon consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. an Ordinary Share (the "Rights"). Each Right is the same as the right included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant rights included in the Units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). (the "Public Rights"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. During the period beginning on the date hereof and ending on the Expiration Date, the Company agrees not to take any action that would terminate the or otherwise modify this Purchase Option. This Purchase Option is initially exercisable at $10.00 per Unit so purchased; Unit; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights Ordinary Shares and Warrants) Rights) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price for the Units or the adjusted exercise price, price for the Units, depending on the context. 1 [Confirm the exact entity to receive the option prior to closing.] View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 $100.00 duly paid by or on behalf of EarlyBirdCapital, Inc. Univest Securities, LLC ("Holder"), as registered owner of this Purchase Option, to Big Rock Partners Acquisition Corp. UTXO Acquisition, Inc. ("Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or _____________, 2018 ("Commencement Date"), and at or before 5:00 p.m., New York City local time, on the five year anniver...sary earlier of the effective date ("Effective Date") liquidation of the Company's Trust Account (as described in the Company's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), in the Company's initial public offering ("Offering")) in the event the Company has not completed a Business Combination within the required time periods and [●] 2026, five years from the commencement of sales of the Offering ("Expiration Date"), but not thereafter ("Expiration Date"), thereafter, to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand Five Hundred Thousand (500,000) units ("Units") of the Company, each Unit consisting of one (1) share of common stock of the Company, Company's Class A Common Stock, par value $0.0001 per share ("Common Stock"), ("Class A Share(s)") and one (1) right ("Right(s)") entitling the Holder to receive one-twentieth (1/20) of one tenth (1/10) of a share of Common Stock (1) Class A Share upon the consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. Combination ("Right(s)"). Each Right is the same as the right included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). Rights"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 $11.50 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights Class A Shares and Warrants) Rights) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. This Purchase Option shall not be exercisable after more than five years from the commencement of sales of the Offering. 1Date that is five years from the commencement of sales of the offering. View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 $100.00 duly paid by or on behalf of EarlyBirdCapital, Inc. ("Holder"), Maxim Partners LLC (the "Holder"), as registered owner of this Purchase Option, to Big Rock Partners Acquisition Corp. ("Company"), UK Wisdom Limited (the "Company"), Holder is entitled, at any time or from time to time upon the later of the consummation by the Company of a Business Combination or _____________, 2018 ("Commencement the first anniversary of the effective date of t...he Registration Statement as defined below (the "Commencement Date"), and until, at or before 5:00 p.m., New York City local time, on the earlier of the five year anniversary of the effective date ("Effective Date") of the Registration Statement and the day immediately prior to the day on which the Company and all of its successors have been dissolved, but not thereafter (the "Expiration Date"), as described in the Company's registration statement ("Registration (the "Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), but not thereafter ("Expiration Date"), in the Company's initial public offering (the "Offering"), to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) Two Hundred and Fifty Thousand (250,000) units ("Units") of the Company, Company (or up to 287,500 if the over-allotment is exercised in full), each Unit consisting of one share of common stock of the Company, (1) Class A ordinary share, par value $0.0001 per share ("Common Stock"), share, of the Company ("Share(s)") and one (1) right ("Right(s)") entitling the Holder to receive one tenth one-tenth (1/10) of a share of Common Stock Share upon the consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. Combination ("Right(s)"). Each Right is has the same terms as the right rights included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Rights"). Notwithstanding anything to the contrary, the original Holder of this Purchase Option agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. commencement of sales of the Offering. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 $11.50 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights Shares and Warrants) Rights) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. 1Insert date that is one (1) year from the effective date of the registration statement. View More
