TRUST ACCOUNT

A total of $72,795,000, which includes $65,580,000 of the net proceeds from the Public Offering and $7,215,000 from the private placement, was placed in the Trust Account.

As of June 30, 2015, the Company’s Trust Account consists of $72,835,221 (December 31, 2014: $72,833,815), all of which is held in cash. At December 31, 2014, all of the Company’s Trust Account was invested exclusively in 3 month U.S. government treasury bills, except for $3,563 which was held as cash.