SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • May 4th, 2020 • Check-Cap LTD • X-ray apparatus & tubes & related irradiation apparatus • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of April 30, 2020, between Check-Cap Ltd., a company organized under the laws of the State of Israel (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
ORDINARY SHARE PURCHASE WARRANT CHECK-CAP LTD.Ordinary Share Purchase Warrant • May 4th, 2020 • 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 set forth above (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on November 4, 2025 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Check-Cap Ltd., an Israeli company (the “Company”), up to ______ Ordinary Shares, NIS 2.40 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).
