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”) in the Offering shall be shares of common stock, par value $0.001 per share (“Common Stock” or “Shares”), or pre-funded warrants (in lieu of Shares) to purchase a shares of Common Stock (“Pre-Funded Warrants” and together with the Shares, the “Securities”). The purchase price shall be $0.57 per Share and $0.569 per Pre-Funded Warrant (the “Purchase Price”). The form of Pre-Funded Warrant is attached hereto as Exhibit B. 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”) in the Offering shall be shares of common stock, par value $0.001 per share (“Common Stock” or “Shares”), or pre-funded warrants (in lieu of Shares) to purchase a shares of Common Stock (“Pre-Funded Warrants” and together with the Shares, the “Securities”). The purchase price shall be $0.57 1.065 per Share and $0.569 1.064 per Pre-Funded Warrant (the “Purchase Price”). The form of Pre-Funded Warrant is attached hereto as Exhibit B. 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”) in pursuant to the Offering Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall be consist of shares (the “Shares”) of the Company’s common stock, par value $0.001 per share stock (“Common Stock” or “Shares”), or pre-funded ) and certain warrants (in lieu of Shares) to purchase a shares of Common Stock (the “Pre-Funded Warrants,” and together collectively with the Shares, the “Securities”). The purchase price for one Share and accompanying Warrant shall be $0.57 2.40 per Share and $0.569 per Pre-Funded Warrant unit of securities (the “Purchase Price”). The form of Pre-Funded Warrant is attached hereto as Exhibit B. 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”) in pursuant to the Offering Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall be consist of shares (the “Shares”) of the Company’s common stock, par value $0.001 per share stock (“Common Stock” or “Shares”), or pre-funded ) and certain warrants (in lieu of Shares) to purchase a shares of Common Stock (the “Pre-Funded Warrants,” and together collectively with the Shares, the “Securities”). The purchase price for one Share and accompanying Warrants shall be $0.57 [7.83] per Share and $0.569 per Pre-Funded Warrant unit of securities (the “Purchase Price”). The form of Pre-Funded Warrant is attached hereto as Exhibit B. 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.