| SPAC Sponsor and Affiliates Information, Restrictions on Sale of SPAC Securities [Table Text Block] |
Pursuant to a letter agreement to be entered
with us, we have agreed not to enter into a definitive agreement regarding an initial business combination without the prior consent
of our sponsor. Further, pursuant to such letter agreement, our initial shareholders have agreed not to transfer, assign or sell any
of their founder shares until the earlier to occur of: (i) 180 days after the completion of our initial business combination and
(ii) the date on which we complete a liquidation, merger, share exchange or other similar transaction after our initial business
combination that results in all of our shareholders having the right to exchange their ordinary shares for cash, securities or other
property; and our sponsor has agreed not to transfer, assign or sell any of its private placement shares until 30 days after the
completion of our initial business combination; except, in each case, to certain permitted transferees and under certain circumstances
as described herein under “Principal Shareholders — Transfers of Founder Shares and Private Placement Shares”.
Any permitted transferees will be subject to the same restrictions and other agreements of our initial shareholders with respect to any
founder shares or private placement shares. | Subject Securities | | Expiration Date | | Persons Subject to
Restrictions | | Exceptions to Transfer
Restrictions | | Founder Shares | | With certain limited exceptions, the founder shares are not transferable, assignable or saleable until the earlier of (A) 180 days after the completion of our initial business combination and (B) the date following the completion of our initial business combination on which we complete a liquidation, merger, share exchange or other similar transaction that results in all of our shareholders having the right to exchange their ordinary shares for cash, securities or other property. | | JATT Ventures II L.P. Dr. Someit Sidhu | | Transfers of the founder shares are permitted (a) to our officers or directors, any affiliate or family member of any of our officers or directors, any members or partners of our sponsor or their affiliates, any affiliates of our sponsor, or any employees of such affiliates; (b) in the case of an individual, by gift to a member of such individual’s immediate family or to a trust, the beneficiary of which is a member of such individual’s immediate family, an affiliate of such individual or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of such individual; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement or otherwise in connection with the consummation of our initial business combination at prices no greater than the price at which the securities were originally purchased; (f) in the event of our liquidation prior to the completion of an initial business combination; (g) by virtue of the laws of the Cayman Islands or our sponsor’s limited partnership agreement upon dissolution of our sponsor; or (h) in the event of our liquidation, merger, capital stock exchange or other similar transaction which results in all of our shareholders having the right to exchange their ordinary shares for cash, securities or other property subsequent to the completion of an initial business combination; provided, however, that in the case of clauses (a) through (e) or (g), these permitted transferees must enter into a written agreement with the company agreeing to be bound by these transfer restrictions and the other restrictions contained in the letter agreement (including provisions relating to voting, the trust account and liquidating distributions). | | Subject Securities | | Expiration Date | | Persons Subject to
Restrictions | | Exceptions to Transfer
Restrictions | | Private Placement Shares | | The private placement shares are not transferable or saleable until 30 days after the completion of our initial business combination. | | JATT Ventures II L.P. | | Same as above. |
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