ContractSecurities Purchase Agreement • June 2nd, 2017 • Check-Cap LTD • X-ray apparatus & tubes & related irradiation apparatus • New York
ORDINARY SHARE PURCHASE WARRANT CHECK-CAP LTD.Ordinary Share Purchase Warrant • June 2nd, 2017 • Check-Cap LTD • X-ray apparatus & tubes & related irradiation apparatus
THIS ORDINARY SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the one year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Check-Cap Ltd., an Israeli limited liability company (the “Company”), up to ______ Ordinary Shares, NIS 0.20 par value (the “Ordinary Share(s)”) (as subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one Ordinary Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
FORM OF PLACEMENT AGENT’S ORDINARY SHARE PURCHASE WARRANT CHECK-CAP LTD.Security Agreement • June 2nd, 2017 • Check-Cap LTD • X-ray apparatus & tubes & related irradiation apparatus
THIS ORDINARY SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, [___] or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the one year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Check-Cap Ltd., an Israeli limited liability company (the “Company”), up to [___] Ordinary Shares, NIS 0.20 par value (the “Ordinary Share(s)”) (as subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one Ordinary Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant is issued pursuant to the Engagement Agreement, dated May 26, 2017, between the Company and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC.
