Common use of Participation in Future Financings Clause in Contracts

Participation in Future Financings. (a) From the date hereof until the date that is twelve (12) months after the Closing Date, upon any issuance by the Company or any of its Subsidiaries of ADSs, Ordinary Shares, Ordinary Share Equivalents or preferred stock for cash consideration, Indebtedness or a combination of securities hereof for the purpose of raising capital (a “Subsequent Financing”), the Purchasers shall have the right to participate in such issuance up to an amount of the Subsequent Financing equal to 50% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financings. (a) From the date hereof until the date that is twelve (12) months after following the Closing Dateclosing of a Qualified Offering, upon any issuance by the Company of Common Stock or any of its Subsidiaries of ADSs, Ordinary Shares, Ordinary Share Common Stock Equivalents or preferred stock for cash consideration, Indebtedness or a combination of securities hereof for the purpose of raising capital consideration (a “Subsequent Financing”), the Purchasers each Purchaser shall have the right to participate in such issuance up to an amount of the Subsequent Financing in an amount equal to 50% the initial Principal Amount of the Subsequent Financing such Purchaser’s Debenture (excluding any over-allotment amount) (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financings. (a) From the date hereof until the date that is twelve (the 12) months after -month anniversary of the Closing Date, upon any issuance by the Company or any of its Subsidiaries of ADSs, Ordinary Shares, Share or Ordinary Share Equivalents or preferred stock for cash consideration, Indebtedness or a combination of securities hereof for the purpose of raising capital units thereof (a “Subsequent Financing”), the Purchasers each Purchaser shall have the right to participate in such issuance up to an amount of the Subsequent Financing equal to 50% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

Participation in Future Financings. (a) From the date hereof until the date that is twelve the six (126) months after month anniversary of the Closing Date, upon any issuance by the Company or any of its Subsidiaries of ADSs, Ordinary Shares, Ordinary Share Common Stock or Common Stock Equivalents or preferred stock for cash consideration, Indebtedness or a combination of securities hereof for the purpose of raising capital units thereof (a “Subsequent Financing”), the Purchasers each Purchaser shall have the right to participate in such issuance up to an amount of the Subsequent Financing equal to 5035% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.