Common use of Issuance of Right in Lieu of Share Issuance Clause in Contracts

Issuance of Right in Lieu of Share Issuance. In lieu of issuing 16,666,667 of the Shares and 12,000,000 of the Additional Shares to the Purchaser at the Closing, the Company hereby grants the Right to the Purchaser. The Company and the Purchaser hereby agree that no additional consideration is payable in connection with the issuance of the Reserved Shares. The Purchaser acknowledges and agrees that the Company has no obligation to repay the Subscription Amount or February Subscription Amount to the Purchaser, or any assignee or successor to the Purchaser.

Issuance of Right in Lieu of Share Issuance. In lieu of issuing 16,666,667 7,000,000 of the Shares and 12,000,000 of the Additional Shares to the Purchaser at the Closing, the Company hereby grants the Right to the Purchaser. The Company and the Purchaser hereby agree that no additional consideration is payable in connection with the issuance of the Reserved Shares. The Purchaser acknowledges and agrees that the Company has no obligation to repay the Subscription Amount or February Subscription Amount to the Purchaser, or any assignee or successor to the Purchaser.

Issuance of Right in Lieu of Share Issuance. In lieu of issuing 16,666,667 of the Shares and 12,000,000 of the Additional Shares 390,316 shares to the Purchaser at the Closing, the Company hereby grants the Right to the Purchaser. The Company and the Purchaser hereby agree that no additional consideration is payable in connection with the issuance of the Reserved Shares. The Purchaser acknowledges and agrees that the Company has no obligation to repay the Subscription Amount or February Subscription Amount to the Purchaser, or any assignee or successor to the Purchaser.

Issuance of Right in Lieu of Share Issuance. In lieu of issuing 16,666,667 of the Shares and 12,000,000 of the Additional 566,038 Shares to the Purchaser at the Closing, the Company hereby grants the Right to the Purchaser. The Company and the Purchaser hereby agree that no additional consideration is payable in connection with the issuance of the Reserved Shares. The Purchaser acknowledges and agrees that the Company has no obligation to repay the Subscription Amount or February Subscription Amount to the Purchaser, or any assignee or successor to the Purchaser.

Issuance of Right in Lieu of Share Issuance. In lieu of issuing 16,666,667 of the Shares and 12,000,000 of the Additional 43,247,902 Warrant Exchange Shares to the Purchaser at the ClosingClosing under the Warrant Exchange Agreement, the Company hereby grants the Right to the Purchaser. The Company and the Purchaser hereby agree that no additional consideration is payable in connection with the issuance of the Reserved Shares. The Purchaser acknowledges and agrees that the Company has no obligation to repay return any of the Subscription Amount or February Subscription Amount Warrants to the Purchaser, or any assignee or successor to the Purchaser.