Common use of Applications for Admission Clause in Contracts

Applications for Admission. 4.1 The Company will use all reasonable endeavours to procure the Admission in connection with which it will supply all such information, give all such undertakings, execute all such documents, pay all such fees and do or procure to be done all such things as may be requires to comply with the requirements of the LSE in relation to the Placing, the Subscription and the issue of the Conversion Shares and instruct Stifel, in its capacity as nominated adviser to the Company, to submit the Applications to the LSE for the admission to trading on AIM of: (a) the EIS/VCT Placing Shares; and (b) the Second Tranche Non-EIS/VCT Placing Shares, the Subscription Shares and the Conversion Shares, subject to the passing of the Resolutions at the General Meeting, in accordance with the AIM Rules for Companies. 4.2 Without prejudice to the provisions of Clause 12 (Termination), where, after publication of the Placing Announcement (but before (i) First Admission or (ii) Second Admission), there is a significant change affecting any matter required to be included, or a significant new matter arises which would have been required to be included, in the Placing Announcement, the Company will immediately: (a) disclose the change or matter to the Broker in writing; and (b) the Company shall, if so requested by the Broker, prepare a Supplementary Placing Announcement and procure the publication of the same. 4.3 If a Supplementary Placing Announcement is published pursuant to Clause 4.2, reference to the Placing Announcement or to the Placing Documents in Clause 9 (Indemnities) and Clause 12 (Termination) shall be deemed to include the Supplementary Placing Announcement and the Warranties referred to in Clause 10 (Warranties) and set out in Schedule 1 (Warranties) shall be deemed to have been made and given in relation to the Placing Announcement as amended and supplemented by the Supplementary Placing Announcement as well as to the original Placing Announcement.

Applications for Admission. 4.1 The Company will use all reasonable endeavours undertakes to procure the Admission in connection with which it will supply all such informationBookrunner, give all such undertakingsat the Company's expense, execute all such documents, pay all such fees and do or procure to be done all such things as may be requires to comply with the requirements of the LSE in relation to Admission that it shall (to the Placing, extent not previously undertaken) instruct the Subscription and the issue of the Conversion Shares and instruct Stifel, Bookrunner in its capacity as nominated adviser to the Company, to submit the Applications application to the LSE London Stock Exchange for the admission to trading on AIM of: (a) the EIS/VCT First Tranche Placing Shares, following the First Resale Registration Statement having been filed with the SEC (which is expected to be within 45 days of the First Closing) and becoming effective; and (b) the Second Tranche Non-EIS/VCT Placing Shares, the Subscription Shares and the Conversion Shares, subject to the passing of the Resolutions at the General MeetingMeeting and following the Second Resale Registration Statement having been filed with the SEC (which is expected to be within 45 days of the First Closing) and become effective, in accordance with the AIM Rules for Companies. 4.2 Without prejudice to the provisions of Clause 12 10 (Termination), where, after publication of the Placing Announcement (but before (i) First Admission or (ii) Second Admission), there is a significant change affecting any matter required to be included, or a significant new matter arises which would have been required to be included, in the Placing Announcement, the Company will immediately: (a) disclose the change or matter to the Broker Bookrunner in writing; and (b) the Company shall, if so requested by the BrokerBookrunner, prepare a Supplementary Placing Announcement and procure the publication of the same. 4.3 If a Supplementary Placing Announcement is published pursuant to Clause 4.2, reference to the Placing Announcement or to the Placing Documents in Clause 9 (Indemnities) and Clause 12 10 (Termination) shall be deemed to include the Supplementary Placing Announcement and the Warranties referred to in Clause 10 8 (Warranties) and set out in Schedule 1 (Warranties) shall be deemed to have been made and given in relation to the Placing Announcement as amended and supplemented by the Supplementary Placing Announcement as well as to the original Placing Announcement.