Common use of Description of the Offering Clause in Contracts

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of 48,076,923 ordinary shares (the “Shares”) of the Company (“Ordinary Shares”) and 19,230,768 warrants to purchase Ordinary Shares at an exercise price of $2.38 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 40% of a Warrant shall be $2.08 per unit of securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of 48,076,923 16,891,892 ordinary shares (the “Shares”) of the Company (“Ordinary Shares”) and 19,230,768 8,445,946 warrants to purchase Ordinary Shares at an exercise price of $2.38 1.11 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 4050% of a Warrant shall be $2.08 0.888 per unit of securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of 48,076,923 9,615,387 ordinary shares (the “Shares”) of the Company (“Ordinary Shares”) and 19,230,768 4,807,694 warrants to purchase Ordinary Shares at an exercise price of $2.38 0.68 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 4050% of a Warrant shall be $2.08 0.52 per unit of securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of 48,076,923 7,160,000 ordinary shares (the “Shares”) of the Company (“Ordinary Shares”) and 19,230,768 3,580,000 warrants to purchase Ordinary Shares at an exercise price of $2.38 1.33 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 4050% of a Warrant shall be $2.08 1.06 per unit of securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of 48,076,923 ordinary 7,234,044 shares (the “Shares”) of Company common stock (the Company (“Ordinary SharesCommon Stock”) and 19,230,768 warrants to purchase Ordinary Shares 7,234,044 shares of Common Stock at an exercise price of $2.38 1.05 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 40% of a Warrant shall be $2.08 1.175 per unit of securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of 48,076,923 ordinary shares (the “Shares”) of the Company Company, par value $0.001 per share (“Ordinary Shares”) and 19,230,768 certain warrants to purchase Ordinary Shares at an exercise price of $2.38 (the “Warrants,” and collectively with the SharesShares and Shares underlying the Warrant, the “Securities”). The purchase price for unit consisting of one Share and an accompanying 40% of a Warrant shall be $2.08 4.68 per unit of securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of 48,076,923 6,290,000 ordinary shares (the “Shares”) of the Company (“Ordinary Shares”) and 19,230,768 4,088,500 warrants to purchase Ordinary Shares at an exercise price of $2.38 1.12 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 4065% of a Warrant shall be $2.08 0.90 per unit of securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of 48,076,923 ordinary 3,960,000 shares (the “Shares”) of the Company Company’s common stock (“Ordinary SharesCommon Stock”) and 19,230,768 1,584,000 warrants to purchase Ordinary Shares Common Stock) at an exercise price of $2.38 2.35 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 40% of a Warrant shall be $2.08 1.85 per unit of securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.

Description of the Offering. The Securities to be offered directly to various investors (each, an “Investor” or “Purchaser” and, collectively, the “Investors” or the “Purchasers”) pursuant to the Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”) shall consist of 48,076,923 ordinary 2,436,904 shares of Common Stock (the “Shares”) of the Company (“Ordinary SharesCommon Stock”) and 19,230,768 1,096,608 warrants to purchase Ordinary Shares shares of Common Stock at an exercise price of $2.38 4.48 (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and an accompanying 4045% of a Warrant shall be $2.08 3.48 per unit of securities (the “Purchase Price”). If the Company shall default in its obligations to deliver Securities to a Purchaser whose offer it has accepted and who has tendered payment, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.