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 Subscription Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”), shall consist of shares of the Company’s class B ordinary shares (“Ordinary Shares” or “Shares”). The Ordinary Shares to be sold shall be referred to as the “Securities”. The purchase price for one Share shall be $0.675 per Share (the “Share Purchase Price”), it being understood that the offering price is not in excess of the price recommended by the QIU. 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 Agents 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 Subscription Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”), ) shall consist of shares (the “Shares”) of the Company’s class B ordinary shares common stock (“Ordinary Common Stock”) and certain warrants to purchase Common Stock (the “Warrants,” and collectively with the Shares” or “Shares”). The Ordinary Shares to be sold shall be referred to as , the “Securities”). The purchase price for one Share and accompanying Warrant shall be $0.675 2.40 per Share unit of securities (the “Share Purchase Price”), it being understood that the offering price is not in excess of the price recommended by the QIU. 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 Agents 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 Subscription Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”), ) shall consist of ordinary shares (the “Shares”) of the Company’s class B ordinary shares Company (“Ordinary Shares” or “Shares”). The ) and certain warrants to purchase Ordinary Shares to be sold shall be referred to as (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and accompanying Warrant shall be $0.675 6.00 per Share unit of securities (the “Share Purchase Price”), it being understood that the offering price is not in excess of the price recommended by the QIU. 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 Agents 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 Subscription Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”), ) shall consist of shares of the Company’s class B ordinary shares (“Ordinary Shares” or “Sharesshares”). The ) and certain warrants to purchase Ordinary Shares to be sold shall be referred to as (the “Warrants,” and collectively with the Ordinary Shares, the “Securities”). The purchase price for one Share and accompanying Warrant shall be $0.675 0.70 per Share unit of Securities (the “Share Purchase Price”), it being understood that the offering price is not in excess of the price recommended by the QIU. 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 Agents 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 Subscription Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”), ) shall consist of shares of the Company’s class B ordinary shares (“Ordinary Shares” or “Sharesshares”). The ) and certain warrants to purchase Ordinary Shares to be sold shall be referred to as (the “Warrants,” and collectively with the Ordinary Shares, the “Securities”). The purchase price for one Share and accompanying Warrant shall be $0.675 1.20 per Share unit of Securities (the “Share Purchase Price”), it being understood that the offering price is not in excess of the price recommended by the QIU. 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 Agents 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 Subscription Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”), ) shall consist of ordinary shares (the “Shares”) of the Company’s class B ordinary shares Company (“Ordinary Shares” or “Shares”). The ) and certain warrants to purchase Ordinary Shares to be sold shall be referred to as (the “Warrants,” and collectively with the Shares, the “Securities”). The purchase price for one Share and accompanying Warrant shall be $0.675 [●] per Share unit of securities (the “Share Purchase Price”), it being understood that the offering price is not in excess of the price recommended by the QIU. 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 Agents 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 Subscription Securities Purchase Agreement dated on or about the date hereof between the Company and the Investors (the “Securities Purchase Agreement”), ) shall consist of shares (the “Shares”) of the Company’s class B ordinary shares common stock (“Ordinary Common Stock”) and certain warrants to purchase Common Stock (the “Warrants,” and collectively with the Shares” or “Shares”). The Ordinary Shares to be sold shall be referred to as , the “Securities”). The purchase price for one Share and accompanying Warrants shall be $0.675 [7.83] per Share unit of securities (the “Share Purchase Price”), it being understood that the offering price is not in excess of the price recommended by the QIU. 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 Agents 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 ) in the Subscription Offering shall consist of Units (as defined in the Securities Purchase Agreement dated on or about the date hereof September 20, 2019 between the Company and the Investors (the “Securities Purchase Agreement”), shall consist ) consisting of shares (the “Shares”) of the Company’s class B ordinary shares common stock (“Ordinary Common Stock”) and certain warrants to purchase Common Stock (the “Warrants,” and collectively with the Shares” or “Shares”). The Ordinary Shares to be sold shall be referred to as , the “Securities”). The purchase price for one Share Unit shall be $0.675 1.76 per Share Unit (the “Share Purchase Price”), it being understood that the offering price is not in excess of the price recommended by the QIU. 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 Agents Agent harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company under this Agreement.