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 Debentures are no longer outstanding, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Common Stock Equivalents, 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, subject to the rights of the holders of the Existing Debentures, 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 later of (i) the 12 month anniversary of the date hereof and (ii) the date that the Debentures are no longer outstanding, upon any issuance by the Company Company, the Issuer or any of its Subsidiaries (“Offering Company”) of Common Stock, Stock or Common Stock Equivalents, Indebtedness (or a combination of units hereof) Equivalents (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstandingnine (9) month anniversary of the Closing Date, upon any issuance by the Company (or any of its Subsidiaries direct or indirect subsidiaries the Company may obtain or form in the future) of Common Stock, Stock or Common Stock Equivalents, Equivalents or 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, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstandingeighteen month anniversary of the Effective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents for cash consideration, Indebtedness (other than Indebtedness that is not convertible into Common Stock or a combination of units hereof) thereof, but excluding any Exempt Issuance (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstanding12 month anniversary of the Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents for cash consideration, Indebtedness (other than in a transaction with a licensed commercial lender) (or a combination of units hereofthereof) (a “Subsequent Financing”), each Purchaser the Purchasers collectively shall have the right to participate in up to an amount of the Subsequent Financing, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstanding24 month anniversary of the Effective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Common Stock EquivalentsADSs and/or Ordinary Shares or 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, subject to the rights of the holders of the Existing Debentures, 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 later of the 12 month anniversary of the Effective Date and the date that the Debentures are no longer outstanding, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Common Stock Equivalents, 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, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstandingearlier of (i) the 12 month anniversary of the Effective Date or (ii) December 31, 2013, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Common Stock EquivalentsEquivalents 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, subject to the rights of the holders of the Existing Debentures, Financing equal to 100200% 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 Debentures are no longer outstandingeighteen-month anniversary of the Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents or any offering of debt or any other type of financing, Indebtedness (or a combination of units hereofthereof (other than an Exempt Issuance) (a “Subsequent Financing”), each the Purchaser shall have the right to participate in up to the Subsequent Financing in an amount of the Subsequent Financing, subject not to the rights of the holders of the Existing Debentures, equal to 100exceed 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 later of (i) the 12 month anniversary of the Closing Date or (ii) the date the Debentures are no longer outstanding, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Common Stock EquivalentsEquivalents 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, subject to the rights of the holders of the Existing Debentures, 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 of closing of the Asset Purchase until the date that is the Debentures are no longer outstandingtwelve month anniversary thereof, upon any issuance by the Company Corporation or any of its Subsidiaries subsidiaries of Common Stock, Stock or Common Stock Equivalents, Indebtedness (equivalents or any indebtedness convertible into Common Stock in a combination bona fide third party financing transaction for the purpose of units hereof) raising capital (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing, subject to the rights of the holders of the Existing Debentures, Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the such Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the later of (x) March 15, 2025 and (y) the 12 month anniversary of the date that is the Debentures are no longer Notes remain outstanding, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser the Buyers in the aggregate shall have the right to participate in up to an amount of the Subsequent Financing, subject to the rights of the holders of the Existing Debentures, Financing equal to 10022.5% 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 Debentures are no longer outstandingnine (9) month anniversary of the Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents 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, subject to the rights of the holders of the Existing Debentures, Financing equal to 100% of four (4) times the Subsequent Financing Purchaser’s Subscription Amount hereunder (the “Participation MaximumRight ”) on the same terms, conditions conditions, time parameters and price provided for in the Subsequent Financing.

Participation in Future Financing. (a) From the date hereof until the date that is the Debentures are no longer outstanding6 month anniversary of the Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock Equivalents, Indebtedness Equivalents for cash consideration (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, subject to the rights of the holders of the Existing Debentures, Financing equal to 100% of the Subsequent Financing up to an aggregate maximum for all Purchasers of $20,000,000 (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing; provided, that the Participation Maximum shall be reduced to the extent required, if any, by the principal Trading Market in order for the Company to comply with the listing agreement for such Trading Market.

Participation in Future Financing. (a) From the date hereof until the date that is the Debentures are no longer outstandingtwo (2) year anniversary of the Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Common Stock EquivalentsEquivalents for cash consideration, Indebtedness (or a combination of units thereof (other than for any transactions which generate, in the aggregate from the date hereof, 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, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstandingtwelve (12) month anniversary of the Effective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock Equivalents, Indebtedness (or a combination of units hereof) Equivalents (a “"Subsequent Financing”"), each Purchaser shall have the right to participate in the Subsequent Financing up to an amount of the Subsequent Financing, subject equal to the rights lesser of the holders of the Existing Debentures, equal to (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 Debentures are no longer outstanding12-month anniversary of the Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents for cash consideration, Indebtedness (or a combination of units hereof) thereof, excluding any Exempt Issuance (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstandingtwelve (12) month anniversary of the Effective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents for cash consideration, Indebtedness (other than debt issued by a commercial bank 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, subject to the rights of the holders of the Existing Debentures, 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 later of the 12 month anniversary of the Closing Date and the date that is the Debentures are no longer outstanding, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Common Stock Equivalents, 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, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstandingeighteen month anniversary of the Effective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents for cash consideration, Indebtedness (other than Indebtedness that is not convertible into Common Stock 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, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstandingtwelve (12) month anniversary of the Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Common Stock EquivalentsEquivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof (a “"Subsequent Financing”"), each Purchaser the Purchasers, together, shall have the right to participate in up to an amount of the Subsequent Financing, subject to the rights of the holders of the Existing Debentures, 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 Debentures twelve (12) month anniversary after the date the Notes are no longer outstanding, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents 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, subject to the rights of the holders of the Existing Debentures, Financing equal to 100% thirty percent (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 Debentures are no longer outstandingeighteen (18) month anniversary of the Closing Date, upon any issuance issuance, other than an Exempt Issuance, by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents 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, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstanding12 month anniversary of the date of this Agreement, upon any issuance offering by the Company or any of its Subsidiaries to prospective purchasers in the United States of Common Stock, Common Stock EquivalentsEquivalents 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, subject to the rights of the holders of the Existing Debentures, 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 second anniversary of the Closing Date or the date on which no Debentures are no longer remain outstanding, whichever comes first, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents 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, subject Financing equal to the rights of the holders of the Existing Debenturesthen outstanding principal, equal to 100% of the Subsequent Financing interest and other amounts due under such Purchaser’s Debenture (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 Debentures are no longer outstandingtwelve (12) month anniversary of the Listing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Common Stock EquivalentsEquivalents 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, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstanding24-month anniversary of the date hereof, upon any issuance by the Company or any of its Subsidiaries of Common StockADSs, Common Stock EquivalentsOrdinary Shares or 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, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstanding6-month anniversary of the Closing, upon any issuance issuance, other than an underwritten offering, by the Company or any of its Subsidiaries of Common Stock, Common Stock EquivalentsEquivalents 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, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstanding18 month anniversary of the earlier of (i) Shareholder Approval and (ii) the Effective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents 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, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstandingtwelve month anniversary of the Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents for cash consideration, Indebtedness (or a combination of units hereof) hereof other than in an Exempt Issuance (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing, subject to the rights of the holders of the Existing Debentures, 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 Debentures are no longer outstandingthirty-sixth (36th) month anniversary of the Effective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Common Stock EquivalentsOrdinary Shares or 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, subject to the rights of the holders of the Existing Debentures, 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 end of the Debentures are no longer outstandingCommitment Period, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents for cash consideration, Indebtedness (other than in a transaction with a licensed commercial lender) or a combination of units hereof) thereof (a “Subsequent Financing”), each Purchaser the Purchasers collectively shall have the right to participate in up to an amount of the Subsequent Financing, subject to the rights of the holders of the Existing Debentures, Financing equal to 100% all 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 Debentures are no longer outstanding, upon any issuance by the Company or any of its Subsidiaries of Common Stock, Stock or Common Stock EquivalentsEquivalents for cash consideration, Indebtedness (or a combination of units hereof) cash consideration or Indebtedness (a “Subsequent Financing”), each Purchaser the Purchasers that still own Securities shall have the right to participate in up to an amount of the Subsequent Financing, subject to the rights of the holders of the Existing Debentures, Financing equal to 10050% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.