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 7,234,044 shares (the “Shares”) of Company common stock (the “Common Stock”) and warrants to purchase 7,234,044 shares of Common Stock at an exercise price of $1.05 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying Warrant shall be $1.175 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 7,234,044 9,615,387 ordinary shares (the “Shares”) of the Company common stock (the “Common StockOrdinary Shares”) and 4,807,694 warrants to purchase 7,234,044 shares of Common Stock Ordinary Shares at an exercise price of $1.05 0.68 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 50% of a Warrant shall be $1.175 0.52 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 7,234,044 6,290,000 ordinary shares (the “Shares”) of the Company common stock (the “Common StockOrdinary Shares”) and 4,088,500 warrants to purchase 7,234,044 shares of Common Stock Ordinary Shares at an exercise price of $1.05 1.12 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 65% of a Warrant shall be $1.175 0.90 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 7,234,044 16,891,892 ordinary shares (the “Shares”) of the Company common stock (the “Common StockOrdinary Shares”) and 8,445,946 warrants to purchase 7,234,044 shares of Common Stock Ordinary Shares at an exercise price of $1.05 1.11 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 50% of a Warrant shall be $1.175 0.888 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 7,234,044 48,076,923 ordinary shares (the “Shares”) of the Company common stock (the “Common StockOrdinary Shares”) and 19,230,768 warrants to purchase 7,234,044 shares of Common Stock Ordinary Shares at an exercise price of $1.05 2.38 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 40% of a Warrant shall be $1.175 2.08 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 7,234,044 2,436,904 shares of Common Stock (the “Shares”) of the Company common stock (the “Common Stock”) and 1,096,608 warrants to purchase 7,234,044 shares of Common Stock at an exercise price of $1.05 4.48 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 45% of a Warrant shall be $1.175 3.48 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.