Common use of Participation in Future Financing Clause in Contracts

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereof, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve (12) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right right, on a pro-rata basis, to participate in up to an amount of the Subsequent Financing equal to 100an aggregate of 50% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 24 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve (12) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is six months from the 12 month anniversary of the date hereofEffective Date, except as disclosed on Schedule 4.16(a), upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser who purchases at least $500,000 of Units (a “Large Purchaser”) shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve (12) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% fifty percent (50%) of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereoflast Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 12-month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 12-month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents (as defined below) for cash consideration, Indebtedness (or a combination of units hereof) consideration (a “Subsequent Financing”), each Purchaser Investor shall have the right to participate in up to an amount of the Subsequent Financing (that is not an Exempt Issuance) equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.. “

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month one year anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents other than the Permitted Private Placement for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month one year anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock Shares or Common Stock Share Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10035% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the earlier of the date that is the 12 month Purchasers have collectively invested an additional $20,000,000 in the equity or convertible securities of the Company or the first anniversary of the date hereofPublic Company Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10055% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 12-month anniversary of the date hereoflast Closing, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents or debt for cash consideration, Indebtedness (Indebtedness, assignment, or a combination of units hereof) hereof (a “Subsequent Financing”), each the Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 24 month anniversary of the date hereofEffective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock Ordinary Shares or Common Stock Ordinary Shares Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10030% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 ___ month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100___% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 24-month anniversary of the date hereoflast Closing, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents or debt for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is twenty-four (24) months after the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock Ordinary Shares, Ordinary Share Equivalents or Common Stock Equivalents preferred stock for cash consideration, Indebtedness (or a combination of units hereof) securities hereof (a “Subsequent Financing”), each Purchaser the Purchasers shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 six (6) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 24 month anniversary of the date hereof, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 12-month anniversary of the date hereofEffective Date (which, if there are multiple Effective Dates, shall be the last Effective Date as it relates to Securities actually issued under this Agreement), upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10025% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month two (2) year anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (debt securities that are convertible into equity or a combination of units hereofthereof (other than for a transaction that generates gross proceeds of up to $5 million) (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount its Pro Rata Portion of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) Financing, on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “"Subsequent Financing”"), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “"Participation Maximum”") on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 six (6) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock ADSs, Ordinary Shares or Common Stock Ordinary Share Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10040% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 earlier of (i) the 18 month anniversary of the date hereofof this Agreement, and (ii) the date on which less than 20% of the Notes actually issued remain outstanding, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in aggregate up to an amount of the Subsequent Financing equal to 10030% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 18 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month first anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, or Indebtedness (or a combination of units hereofthereof) for cash consideration (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 six (6) month anniversary of the date hereofEffective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) (a “"Subsequent Financing”"), each Purchaser shall have the right to participate in the Subsequent Financing up to an amount of the Subsequent Financing equal to the lesser of (i) 100% of the Subsequent Financing or (ii) 25% of the aggregate Subscription Amounts hereunder (the “"Participation Maximum”") on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 the12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelfth month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 6-month anniversary of the date hereofClosing, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents or debt for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal in an amount up to 100% of the Subsequent Financing such Purchaser’s Subscription Amount (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve (12) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve (12) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 six month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 24 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 eighteen (18) month anniversary of the date hereofEffective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 24 month anniversary of the date hereofClosing, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each the Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10013% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 18 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve (12) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser the Purchasers shall have the right to participate in such Subsequent Financing up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 24-month anniversary of the date hereoflast Closing, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents or debt for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “"Subsequent Financing”"), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “"Participation Maximum”") on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve-month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal up to 100% fifteen (15)% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 24-month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 18 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser [Holder] shall have the right to participate in up to an amount of the Subsequent Financing equal to 10040% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing; provided, this right shall not apply to any firm-commitment underwritten offering of equity or equity-linked securities.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10025% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 18 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser Investor shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 eighteen (18) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “"Subsequent Financing”"), each Purchaser the Purchasers shall have the right to participate in up to an amount of the Subsequent Financing equal to 100an aggregate of 35% of the Subsequent Financing (the “"Participation Maximum”") on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 18 month anniversary of the date hereof, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10035% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 24 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month later of the two year anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, convertible Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10025% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of thirtieth (30th) days after the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 12-month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 6 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until twelve months following the date that Shareholder Approval is the 12 month anniversary of the date hereofobtained and deemed effective, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof that is not an Exempt Issuance (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% its Pro Rata Portion of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.. “

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof, except for an Exempt Issuance (a “Subsequent Financing”), each Purchaser the Purchasers shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twenty four (24) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10035% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve (12) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10020% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 18th month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month one (1) year anniversary of the date hereofMaturity Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050.0% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 18-month anniversary of the date hereofClosing, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each the Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofThird Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is twelve (12) months following the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10033% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve (12) month anniversary of the date hereofShareholder Approval Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (each, a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10030% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (ai) From the date hereof until the date that is the 12 month eighteen (18)-month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock Shares or Common Stock Shares Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser the Buyers altogether shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 [18] month anniversary of the date hereofEffective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twenty four (24) month anniversary of the date hereofEffective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser the Purchasers shall have the right to participate in up to an amount of the Subsequent Financing equal to 100an aggregate of 30% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 24-month anniversary of the date hereoflast Closing, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents or debt for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each the Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 18 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 24-month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 12-month anniversary of the date hereofEffective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10025% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve-month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser the Purchasers shall have the right to participate in up to an amount of the Subsequent Financing equal to 100an aggregate of 33% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary twelve (12) months of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (as defined in the SPA) or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser Holder shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From and after the date hereof Execution Date until the date that is the 12 month anniversary of 180th day immediately following the date hereofAdditional Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash considerationEquivalents, Indebtedness (or a combination of units hereof) thereof for cash consideration (a “Subsequent Financing”), each the Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 13 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 eighteen (18) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 18-month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the such Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 thirty (30) month anniversary of after the date hereof, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser the Purchasers altogether shall have the right to participate in up to an amount of the Subsequent Financing equal to 10025% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month two (2) year anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (debt securities that are convertible into equity or a combination of units hereofthereof (other than for a transaction that generates gross proceeds of up to $5 million) (a “"Subsequent Financing”"), each the Purchaser shall have the right to participate in up to an amount its Pro Rata Portion of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) Financing, on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 18-month anniversary of the date hereofof this Agreement, upon any issuance by the Company or any of its Subsidiaries of Common Stock Shares or Common Stock Share Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser the Investor shall have the right to participate in aggregate up to an amount of the Subsequent Financing equal to 10030% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofEffective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) consideration (a “Subsequent Financing”), each Purchaser who originally purchased at least 30% of Preferred Stock issued hereunder shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) (a) From the date hereof until the date that is the 12 six (6) month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10030% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 12-month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each the Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 18-month anniversary of the date hereofEffective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (indebtedness or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (indebtedness or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofEffective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) consideration (a “Subsequent Financing”), subject to the existing participation rights set forth on Schedule 3.1(g)(i), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to a maximum of 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the later of (i) the date that is the 12 month anniversary of the Effective Date or (ii) the date hereofthat the Debentures are no longer outstanding, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereof, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 10025% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “"Subsequent Financing”"), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “"Participation Maximum”") on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 18 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock Ordinary Shares, ADSs or Common Stock Ordinary Share Equivalents for cash consideration, Indebtedness (debt securities for cash consideration or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser the Purchasers shall have the right to participate in such Subsequent Financing up to an amount of the Subsequent Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 15-month anniversary of the date hereoffirst Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 twelve month anniversary of the date hereofEffective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 12-month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Stock, Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “"Subsequent Financing”"), each Purchaser Holder shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “"Participation Maximum”") on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the 12 month anniversary of the date hereofClosing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal aggregating up to 10050% of the Subsequent Financing for all Purchasers (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.