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.
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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 DD3 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 ________, 2019 ("Commencement Date"), and at or before 5:00 p.m.,
New York City local Eastern time, on the five year an
...niversary 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 Ordinary Share of the Company, no 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 included in 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 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 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.
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Purchase Option. THIS CERTIFIES THAT, in consideration of
$100 $100.00 duly paid by or on behalf of
EarlyBirdCapital, Inc. ("Holder"), Chardan Capital Markets, LLC (the "Holder"), as registered owner of this Purchase Option, to
Big Rock Partners Acquisition Corp. ("Company"), Abri SPAC 2, Inc.(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 on or after the first anniversary of the effective dat...e of the 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 Business Combination 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) Six Hundred Thousand (600,000) units ("Units") of the Company, Company (or up to 690,000 if the over-allotment is exercised in full), each Unit consisting of one (1) share of common stock of the Company, stock, par value $0.0001 per share ("Common Stock"), share, of the Company ("Share(s)"), one (1) redeemable warrant ("Warrant(s)"), each Warrant entitling the holder thereof to purchase one Share, and one right ("Right(s)") entitling the Holder to receive one-tenth (1/10th) of one tenth (1/10) of a share of Common Stock Share ("Right(s)") upon the consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each Combination. Each Warrant is the same as the whole warrant to purchase one share of Common Stock. Each ("Public Warrants") and each Right is the same as the right ("Public 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 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 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, Warrants 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.
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Purchase Option. THIS CERTIFIES THAT, in consideration of
$100 $100.00 duly paid by or on behalf of EarlyBirdCapital, Inc. ("Holder"), as registered owner of this Purchase Option, to
Big Rock Partners Garnero Group Acquisition
Corp. Company ("Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or
_____________, 2018 [ ● ], 2016 ("Commencement Date"), and at or before 5:00 p.m., New York City local time, on the five year anniversary of the e
...ffective 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) Four Hundred Thousand (400,000) units ("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"), ("Ordinary Shares"), and one right ("Right(s)") entitling the Holder to receive one tenth (1/10) seventh (1/7) of a share of Common Stock an Ordinary Share upon consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. Combination. 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"). (the "Right(s)"). 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 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.
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Purchase Option. THIS CERTIFIES THAT, in consideration of
$100 $100.00 duly paid by or on behalf of
EarlyBirdCapital, Inc. Chardan Capital Markets, LLC ("Holder"), as registered owner of this Purchase Option, to
Big Rock Partners Atlantic 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 [SIX MONTHS FROM EFFECTIVE DATE] ("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 Trust Fund (as described in the Company's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), ("Offering")) in the event the Company has not completed a Business Combination within the required time periods, and __________, five years from the effective date ("Effective Date") of the Registration Statement ("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") 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 one-tenth (1/10) of a share of Common Stock upon on the consummation of a an initial 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"). Combination (the "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 $10.50 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 Stock 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.
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Purchase Option. THIS CERTIFIES THAT, in consideration of
$100 $100.00 duly paid by or on behalf of
EarlyBirdCapital, Inc. ("Holder"), Chardan Capital Markets, LLC (the "Holder"), as registered owner of this Purchase Option, to
Big Rock Partners Redwoods Acquisition Corp.
("Company"), (the "Company"), Holder is entitled, at any time or from time to time upon the
later of consummation by the
consummation Company of a Business Combination
or _____________, 2018 ("Commencement (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 (as defined below) 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 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, Three Hundred Thousand (300,000) units (or up to five hundred thousand (500,000) Three Hundred and Forty-Five Thousand (345,000) units with full exercise of the over-allotment option in the offering) ("Units") of the Company, each Unit consisting of one (1) share of common stock of the Company, stock, par value $0.0001 per share ("Common Stock"), share, of the Company ("Share(s)"), one right ("Right(s)") (1) warrant ("Warrant(s)"), each Warrant entitling the Holder holder thereof to purchase one-half (1/2) of one Share and one (1) right 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 Rights"), except as set forth herein. Each Warrant has the Expiration Date is a day on which banking institutions are authorized same terms as the warrants included in the units being registered for sale to the public by law to close, then this Purchase Option may be exercised on way of the next succeeding day which is not such a day in accordance with the terms Registration Statement (the "Public Warrants"), except as set forth herein. 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 Rights or the Warrants underlying this Purchase Option the Units after the five year anniversary of the Effective Date. effective date of the Registration Statement. 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 $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 the underlying Shares, Warrants 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.
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Purchase Option. THIS CERTIFIES THAT, in consideration of
$100 $100.00 duly paid by or on behalf of
EarlyBirdCapital, Inc. ("Holder"), Chardan Capital Markets, LLC (the "Holder"), as registered owner of this Purchase Option, to
Big Rock Partners Redwoods Acquisition Corp.
("Company"), (the "Company"), Holder is entitled, at any time or from time to time upon the
later of consummation by the
consummation Company of a Business Combination
or _____________, 2018 ("Commencement (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 (as defined below) 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 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, Three Hundred Thousand (300,000) units (or up to five hundred thousand (500,000) Three Hundred and Forty-Five Thousand (345,000) units with full exercise of the over-allotment option in the offering) ("Units") of the Company, each Unit consisting of one (1) share of common stock of the Company, stock, par value $0.0001 per share ("Common Stock"), share, of the Company ("Share(s)"), one right ("Right(s)") (1) warrant ("Warrant(s)"), each Warrant entitling the Holder holder thereof to purchase one Share and one (1) right 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 Rights"), except as set forth herein. Each Warrant has the Expiration Date is a day on which banking institutions are authorized same terms as the warrants included in the units being registered for sale to the public by law to close, then this Purchase Option may be exercised on way of the next succeeding day which is not such a day in accordance with the terms Registration Statement (the "Public Warrants"), except as set forth herein. 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 Rights or the Warrants underlying this Purchase Option the Units after the five year anniversary of the Effective Date. effective date of the Registration Statement. 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 $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 the underlying Shares, Warrants 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.
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Purchase Option. THIS CERTIFIES THAT, in consideration of
$100 $100.00 duly paid by or on behalf of
EarlyBirdCapital, Inc. ("Holder"), Chardan Capital Markets, LLC (the "Holder"), as registered owner of this Purchase Option, to
Big Rock Partners Blockchain Moon Acquisition Corp.
("Company"), (the "Company"), Holder is entitled, at any time or from time to time upon the
later of consummation by the
consummation Company of a Business Combination
or _____________, 2018 ("Commencement (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) Five Hundred and Fifty Thousand (550,000) units ("Units") of the Company, each Unit consisting of one (1) share of common stock of the Company, stock, par value $0.0001 per share ("Common Stock"), share, of the Company ("Share(s)"), one right ("Right(s)") (1) warrant ("Warrant(s)"), each Warrant entitling the Holder holder thereof to purchase one-half (1/2) of one Share and one (1) right 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 units being registered for sale to the public by way of the Registration Statement. Statement ("Public Rights"), except as set forth herein. Each Warrant is has the same terms as the warrant warrants 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 (the "Public Warrants"), except as set forth herein. 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, Warrants 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.
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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 [●], five years from the effective date ("Effective Date") of the Registration Statement ("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)"), one half (1/2) of a redeemable warrant ("Warrant(s)"), each full Warrant to purchase one (1) Class A Share, and one (1) right ("Right(s)") entitling the Holder to receive one tenth one-tenth (1/10) of a share of Common Stock one (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. 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. Combination ("Right(s)"). 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 (the "Public Warrants"). 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 ("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, Warrants 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. Neither this purchase Option, nor the Warrants, shall be exercisable after the five-year anniversary of the effective date of the Registration Statement. 1Date that is five years from the effective date of the registration statement.
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Purchase Option. THIS CERTIFIES THAT, in consideration of
$100 $100.00 duly paid by or on behalf of
EarlyBirdCapital, Inc. ("Holder"), Chardan Capital Markets, LLC (the "Holder"), as registered owner of this Purchase Option, to
Big Rock Partners Blockchain Moon Acquisition Corp.
("Company"), (the "Company"), Holder is entitled, at any time or from time to time upon the
later of consummation by the
consummation Company of a Business Combination
or _____________, 2018 ("Commencement (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) Five Hundred and Fifty Thousand (550,000) units ("Units") of the Company, each Unit consisting of one (1) share of common stock of the Company, stock, par value $0.0001 per share ("Common Stock"), share, of the Company ("Share(s)"), one right ("Right(s)") (1) warrant ("Warrant(s)"), each Warrant entitling the Holder holder thereof to purchase one-half (1/2) of one Share and one (1) right 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 units being registered for sale to the public by way of the Registration Statement. Statement ("Public Rights"), except as set forth herein. Each Warrant is has the same terms as the warrant warrants 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 (the "Public Warrants"), except as set forth herein. 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 Rights or the Warrants underlying this Purchase Option the Units 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, Warrants 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.
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Purchase Option. THIS CERTIFIES THAT, in consideration of
$100 $100.00 duly paid by or on behalf of
EarlyBirdCapital, Inc. Chardan Capital Markets, LLC ("Holder"), as registered owner of this Purchase Option, to
Big Rock Partners Acquisition Trident Acquisitions Corp. ("Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or
_____________, November 29, 2018 ("Commencement Date"), and at or before 5:00 p.m., New York City local time, on the
f...ive year anniversary 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 May 29, 2023, five years from the effective date ("Effective Date") of the Registration Statement ("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) One Million Seven Hundred Fifty Thousand (1,750,000) units ("Units") of the Company, each Unit consisting of one share of common stock of the Company, 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, Stock") 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. ("Warrant(s)"). Each Warrant is the same as the whole 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 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.
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