Common use of Description of the Offering Clause in Contracts

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of shares (the “Shares”) of the Company’s common stock, and certain warrants to purchase Shares (the “Warrants,” and collectively with the Shares and the Shares underlying the Warrants (the “Warrant Shares”), the “Securities”). The purchase price for one Share and accompanying Warrant to purchase 0.75 Shares shall be $2.20 per unit of Securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of 3,960,000 shares (the “Shares”) of the Company’s common stock, stock (“Common Stock”) and certain 1,584,000 warrants to purchase Shares Common Stock) at an exercise price of $2.35 (the “Warrants,” and collectively with the Shares and the Shares underlying the Warrants (the “Warrant Shares”), the “Securities”). The purchase price for one Share and an accompanying 40% of a Warrant to purchase 0.75 Shares shall be $2.20 1.85 per unit of Securities securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of shares (the “Shares”) of the Company’s common stock, Class A ordinary shares (“Ordinary Shares”) and certain warrants to purchase Ordinary Shares (the “Warrants,” and collectively with the Shares and the Ordinary Shares underlying the Warrants (the “Warrant Shares”), the “Securities”). The purchase price for one Share and accompanying Warrant to purchase 0.75 Shares shall be $2.20 [_] per unit of Securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of ordinary shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (“Ordinary Shares”) and certain warrants to purchase Shares (the “Warrants,” and collectively with the Shares and the Shares underlying the Warrants (the “Warrant Shares”)Warrant, the “Securities”). The purchase price for unit consisting of one Share and accompanying Warrant to purchase 0.75 Shares shall be $2.20 [●] per unit of Securities securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of shares (the “Shares”) of the Company’s common stock, ordinary shares (“Ordinary Shares”) and certain warrants to purchase Ordinary Shares (the “Warrants,” and collectively with the Shares and the Ordinary Shares underlying the Warrants (the “Warrant Shares”), the “Securities”). The purchase price for one Share and accompanying Warrant to purchase 0.75 1.5 Ordinary Shares shall be $2.20 7.25 per unit of Securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent Agents harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.