Common use of Mandatory Exercise Clause in Contracts

Mandatory Exercise. In the event that: (i) the average closing price of the ordinary shares of the Company equals or exceeds $0.675 per share, during a period of 90 consecutive days (the "Period"); and (ii) the trade volume of the ordinary shares of the Company is at least $1 million during the Period; and (iii) either the Company registered the Holder's ordinary shares in the Company or the Warrant Shares under the Securities Act of 1933 making such shares transferable without any restrictions, or 12 months from the date hereof have elapsed; the Holder must exercise this Warrant within 14 days from the end of the Period, or the Warrant will expire (as the sole and only consequence in the event the Holder does not exercise the Warrant). The Company shall notify the Holder within 2 days of the end of the Period that the mandatory exercise provisions of this Section 4c. is effective.

Mandatory Exercise. In the event that: (i) the average closing price of the ordinary shares of the Company equals or exceeds $0.675 0.45 per share, during a period of 90 consecutive days (the "“Period"”); and (ii) the trade volume of the ordinary shares of the Company is at least $1 million during the Period; and (iii) either the Company registered the Holder's ’s ordinary shares in the Company or the Warrant Shares under the Securities Act of 1933 making such shares transferable without any restrictions, or 12 months from the date hereof have elapsed; the Holder must exercise this Warrant within 14 days from the end of the Period, or the Warrant will expire (as the sole and only consequence in the event the Holder does not exercise the Warrant). The Company shall notify the Holder within 2 days of the end of the Period that the mandatory exercise provisions of this Section 4c. is effective.

Mandatory Exercise. In the event that: (i) the average closing price of the ordinary shares of the Company equals or exceeds $0.675 1.25 per share, during a period of 90 consecutive days (the "Period"); and (ii) the trade volume of the ordinary shares of the Company is at least $1 million during the Period; and (iii) either the Company registered the Holder's ordinary shares in the Company or the Warrant Shares under the Securities Act of 1933 making such shares transferable without any restrictions, or 12 months from the date hereof have elapsed; the Holder must exercise this Warrant within 14 days from the end of the Period, or the Warrant will expire (as the sole and only consequence in the event the Holder does not exercise the Warrant). The Company shall notify the Holder within 2 days of the end of the Period that the mandatory exercise provisions of this Section 4c. is effective.

Mandatory Exercise. In the event that: (i) the average closing price of the ordinary shares of the Company equals or exceeds $0.675 0.45 per share, during a period of 90 consecutive days (the "Period"); and (ii) the trade volume of the ordinary shares of the Company is at least $1 million during the Period; and (iii) either the Company registered the Holder's ordinary shares in the Company or the Warrant Shares under the Securities Act of 1933 making such shares transferable without any restrictions, or 12 months from the date hereof have elapsed; the Holder must exercise this Warrant within 14 days from the end of the Period, or the Warrant will expire (as the sole and only consequence in the event the Holder does not exercise the Warrant). The Company shall notify the Holder within 2 days of the end of the Period that the mandatory exercise provisions of this Section 4c. is effective.

Mandatory Exercise. In the event that: (i) the average closing price of the ordinary shares of the Company equals or exceeds $0.675 1.25 per share, during a period of 90 consecutive days (the "“Period"”); and and (ii) the trade volume of the ordinary shares of the Company is at least $1 million during the Period; and and (iii) either the Company registered the Holder's ’s ordinary shares in the Company or the Warrant Shares under the Securities Act of 1933 making such shares transferable without any restrictions, or 12 months from the date hereof have elapsed; the Holder must exercise this Warrant within 14 days from the end of the Period, or the Warrant will expire (as the sole and only consequence in the event the Holder does not exercise the Warrant). The Company shall notify the Holder within 2 days of the end of the Period that the mandatory exercise provisions of this Section 4c. is effective.

Mandatory Exercise. In the event that: (i) the average closing price of the ordinary shares of the Company equals or exceeds $0.675 per share, during a period of 90 consecutive days (the "“Period"”); and (ii) the trade volume of the ordinary shares of the Company is at least $1 million during the Period; and (iii) either the Company registered the Holder's ’s ordinary shares in the Company or the Warrant Shares under the Securities Act of 1933 making such shares transferable without any restrictions, or 12 months from the date hereof have elapsed; the Holder must exercise this Warrant within 14 days from the end of the Period, or the Warrant will expire (as the sole and only consequence in the event the Holder does not exercise the Warrant). The Company shall notify the Holder within 2 days of the end of the Period that the mandatory exercise provisions of this Section 4c. is effective.