Common use of Exercise of Over-allotment Option Clause in Contracts

Exercise of Over-allotment Option. The Over-allotment Option granted pursuant to Section 2(c) hereof may be exercised by the Representative no later than forty-five (45) days after the closing of the Offering. The purchase price to be paid per Additional Shares shall be equal to the price per Firm Share in Section 2(a). The Representative shall not be under any obligation to purchase any Additional Shares prior to the exercise of the Over-allotment Option. The Over-allotment Option granted hereby may only be exercised by a formal written notice signed by authorized signature of the Representative setting forth the number of Additional Shares to be purchased and the date and time for delivery of and payment for the Additional Shares (the “Exercise Notice”). Any oral notice or email notice to the Company from the Representative shall be confirmed by the Exercise Notice via overnight mail or facsimile or other electronic transmission. The date and time for delivery of and payment for the Additional Shares (the “Option Closing Date”) shall not be later than three (3) full Business Days2 after the date of the notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s counsel at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Additional Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-allotment Option with respect to all or any portion of the Additional Shares, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Representative the number of Additional Shares specified in such notice and (ii) the Representative shall purchase that portion of the total number of Additional Shares.

Exercise of Over-allotment Option. The Over-allotment Option granted pursuant to Section 2(c) 1.2.1 hereof may be exercised by the Representative no later than forty-five as to all (45at any time) or any part (from time to time) of the Option Shares within 45 days after the closing of the OfferingClosing Date. The purchase price to be paid per Additional Shares shall be equal to the price per Firm Share in Section 2(a). The Representative Underwriters shall not be under any obligation to purchase any Additional Option Shares prior to the exercise of the Over-allotment Option. The Over-allotment Option granted hereby may only be exercised by a formal written the giving of oral notice signed to the Company from the Representative, which must be confirmed in writing by authorized signature of the Representative overnight mail or facsimile or other electronic transmission setting forth the number and type of Additional Option Shares to be purchased and the date and time for delivery of and payment for the Additional Shares (the “Exercise Notice”). Any oral notice or email notice to the Company from the Representative shall be confirmed by the Exercise Notice via overnight mail or facsimile or other electronic transmission. The date and time for delivery of and payment for the Additional Option Shares (the “Option Closing Date”) ), which shall not be later than three two (32) full Business Days2 Days after the date of the notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s counsel Counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Additional Option Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-allotment Option with respect to all or any portion of the Additional Option Shares, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Representative Underwriters the number and type of Additional Option Shares specified in such notice and (ii) each of the Representative Underwriters, acting severally and not jointly, shall purchase that portion of the total number of Additional SharesOption Shares then being purchased as set forth in Schedule 1 opposite the name of such Underwriter.

Exercise of Over-allotment Option. The Over-allotment Option granted pursuant to Section 2(c) 1.2.1 hereof may be exercised by the Representative no later than forty-five as to all (45at any time) or any part (from time to time) of the Option Shares within thirty (30) days after the closing of the OfferingClosing Date. The purchase price to be paid per Additional Shares shall be equal to the price per Firm Share in Section 2(a). The Representative Underwriters shall not be under any obligation to purchase any Additional Option Shares prior to the exercise of the Over-allotment Option. The Over-allotment Option granted hereby may only be exercised by a formal written the giving of oral notice signed to the Company from the Representative, which must be confirmed in writing by authorized signature of the Representative overnight mail or facsimile or other electronic transmission setting forth the number of Additional Option Shares to be purchased and the date and time for delivery of and payment for the Additional Shares (the “Exercise Notice”). Any oral notice or email notice to the Company from the Representative shall be confirmed by the Exercise Notice via overnight mail or facsimile or other electronic transmission. The date and time for delivery of and payment for the Additional Option Shares (the “Option Closing Date”) ), which shall not be later than three five (35) full Business Days2 Days after the date of the notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s counsel Counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Additional Option Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-allotment Option with respect to all or any portion of the Additional Option Shares, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Representative Underwriters the number of Additional Option Shares specified in such notice and (ii) each of the Representative Underwriters, acting severally and not jointly, shall purchase that portion of the total number of Additional SharesOption Shares then being purchased as set forth in Schedule 1 opposite the name of such Underwriter.

Exercise of Over-allotment Option. The Over-allotment Option granted pursuant to Section 2(c) hereof may be exercised by the Representative no later than forty-five (45) days after the closing of the OfferingClosing Date. The purchase price to be paid per Additional Shares shall be equal to the price per Firm Share in Section 2(a). The Representative Underwriters shall not be under any obligation to purchase any Additional Shares prior to the exercise of the Over-allotment Option. The Over-allotment Option granted hereby may only be exercised by a formal written notice signed by authorized signature of the Representative setting forth the number of Additional Shares to be purchased and the date and time for delivery of and payment for the Additional Shares (the “Exercise Notice”). Any oral notice or email notice to the Company from the Representative shall be confirmed by the Exercise Notice via overnight mail or facsimile or other electronic transmission. The date and time for delivery of and payment for the Additional Shares (the “Option Closing Date”) shall not be later than three five (35) full Business Days2 Days after the date of the notice Exercise Notice or such other time as shall be agreed upon by the Company and the RepresentativeUnderwriters, at the offices of the Representative’s counsel at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the RepresentativeUnderwriters. If such delivery and payment for the Additional Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the noticeExercise Notice. Upon exercise of the Over-allotment Option with respect to all or any portion of the Additional Shares, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Representative Underwriters the number of Additional Shares specified in such notice Exercise Notice and (ii) the Representative Underwriters shall purchase that portion of the total number of Additional Shares.

Exercise of Over-allotment Option. The Over-allotment Option granted pursuant to Section 2(c) 1.2.1 hereof may be exercised by the Representative no later than forty-five as to all (45at any time) or any part (from time to time) of the Option Shares within 30 days after the closing of the OfferingClosing Date. The purchase price to be paid per Additional Shares shall be equal to the price per Firm Share in Section 2(a). The Representative Underwriters shall not be under any obligation to purchase any Additional Option Shares prior to the exercise of the Over-allotment Option. The Over-allotment Option granted hereby may only be exercised by a formal written the giving of oral notice signed to the Company from the Representative, which must be confirmed in writing by authorized signature of the Representative overnight mail or facsimile or other electronic transmission setting forth the number of Additional Option Shares to be purchased and the date and time for delivery of and payment for the Additional Shares (the “Exercise Notice”). Any oral notice or email notice to the Company from the Representative shall be confirmed by the Exercise Notice via overnight mail or facsimile or other electronic transmission. The date and time for delivery of and payment for the Additional Option Shares (the “Option Closing Date”) ), which shall not be later than three five (35) full Business Days2 Days after the date of the notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s counsel Counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Additional Option Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-allotment Option with respect to all or any portion of the Additional Option Shares, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Representative Underwriters the number of Additional Option Shares specified in such notice and (ii) each of the Representative Underwriters, acting severally and not jointly, shall purchase that portion of the total number of Additional SharesOption Shares then being purchased as set forth in Schedule 1 opposite the name of such Underwriter.

Exercise of Over-allotment Option. The Over-allotment Option granted pursuant to Section 2(c) hereof may be exercised by the Representative no later than forty-five (45) on or within 45 days after the closing of the OfferingClosing Date. The purchase price to be paid per Additional Shares shall be equal to the price per Firm Share in Section 2(a). The Representative shall not be under any obligation to purchase any Additional Shares prior to the exercise of the Over-allotment Option. The Over-allotment Option granted hereby may only be exercised by a formal written the giving of oral notice signed by authorized signature of to the Representative Company from the Representative, which shall be confirmed in writing via overnight mail or facsimile or other electronic transmission, setting forth the number of Additional Shares to be purchased and the date and time for delivery of and payment for the Additional Shares (the “Exercise Notice”). Any oral notice or email notice to the Company from the Representative shall be confirmed by the Exercise Notice via overnight mail or facsimile or other electronic transmission. The date and time for delivery of and payment for the Additional Shares (the “Option Closing Date”) ), which shall not be later than three five (35) full Business Days2 Days after the date of the notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative’s counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Additional Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-allotment Option with respect to all or any portion of the Additional Shares, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Representative the number of Additional Shares specified in such notice and (ii) the Representative shall purchase that portion of the total number of Additional Shares.. 1 The underwriting discounts are equal to 4.5% of the gross proceeds of this offering raised from investors that are introduced by the Company and 8% of the gross proceeds of this offering raised from investors that are introduced directly or indirectly by any party or entity which is not the Company 2 15% of the Firm Shares

Exercise of Over-allotment Option. The Over-allotment Option granted pursuant to Section 2(c) hereof may be exercised by the Representative no later than forty-five (45) 45 days after the closing of the OfferingEffective Date. The purchase price to be paid per Additional Shares shall be equal to the price per Firm Share in Section 2(a). The Representative Underwriters shall not be under any obligation to purchase any Additional Shares prior to the exercise of the Over-allotment Option. The Over-allotment Option granted hereby may only be exercised by a formal written notice signed by authorized signature of the Representative setting forth the number of Additional Shares to be purchased and the date and time for delivery of and payment for the Additional Shares (the “Exercise Notice”). Any oral notice or email notice to the Company from the Representative shall be confirmed by the Exercise Notice via overnight mail or facsimile or other electronic transmission. The date and time for delivery of and payment for the Additional Shares (the “Option Closing Date”) shall not be later than three five (35) full Business Days2 Days after the date of the notice or such other time as shall be agreed upon by the Company and the RepresentativeUnderwriters, at the offices of the Representative’s counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Additional Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the noticeUnderwriters. Upon exercise of the Over-allotment Option with respect to all or any portion of the Additional Shares, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Representative Underwriters the number of Additional Shares specified in such notice and (ii) the Representative Underwriters shall purchase that portion of the total number of Additional Shares.