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 6,290,000 ordinary shares (the “Shares”) of the Company (“Ordinary Shares”) and 4,088,500 warrants to purchase Ordinary Shares at an exercise price of $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 $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 6,290,000 ordinary 2,436,904 shares of Common Stock (the “Shares”) of the Company (“Ordinary SharesCommon Stock”) and 4,088,500 1,096,608 warrants to purchase Ordinary Shares shares of Common Stock at an exercise price of $1.12 4.48 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 6545% of a Warrant shall be $0.90 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.

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 6,290,000 48,076,923 ordinary shares (the “Shares”) of the Company (“Ordinary Shares”) and 4,088,500 19,230,768 warrants to purchase Ordinary Shares at an exercise price of $1.12 2.38 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 6540% of a Warrant shall be $0.90 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 6,290,000 9,615,387 ordinary shares (the “Shares”) of the Company (“Ordinary Shares”) and 4,088,500 4,807,694 warrants to purchase Ordinary Shares at an exercise price of $1.12 0.68 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 6550% of a Warrant shall be $0.90 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 6,290,000 ordinary 7,234,044 shares (the “Shares”) of Company common stock (the Company (“Ordinary SharesCommon Stock”) and 4,088,500 warrants to purchase Ordinary Shares 7,234,044 shares of Common Stock at an exercise price of $1.12 1.05 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 65% of a Warrant shall be $0.90 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 6,290,000 16,891,892 ordinary shares (the “Shares”) of the Company (“Ordinary Shares”) and 4,088,500 8,445,946 warrants to purchase Ordinary Shares at an exercise price of $1.12 1.11 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 6550% of a Warrant shall be $0.90 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.