Common use of Placement Agent’s Fee Clause in Contracts

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agents in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agents an amount (the “Placement Fee”) equal to nine percent (9.0%) of the aggregate gross proceeds received by the Company from the sale of the Securities, at the closing (the “Closing” and the date on which the Closing occurs, the “Closing Date”); and the Company shall issue to the Placement Agents or their designees at the Closing five-year warrants to purchase such number of Shares (as defined in Section 3) equal to 10.0% of the Shares sold in this Offering at an exercise price of $0.625 per share (125% of the price per Share sold to Purchaser in the Offering), which warrants shall be exercisable at any time during the period commencing 180 days from the commencement of sales in the Offering (the “Effective Date”) (the “Placement Agent Warrants” and, together with the shares of Common Stock underlying such Placement Agent Warrants, the “Placement Agent Securities”). The Placement Agents may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement Agents.

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agents Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agents Agent an amount (the “Placement Fee”) equal to nine percent (9.0%) 8% of the aggregate gross proceeds received by the Company from the sale of the SecuritiesSecurities up to $12.0 million and 7.5% of the aggregate gross proceeds received by the Company from the sale of the Securities thereafter, at the closing (the “Closing” and the date on which the Closing occurs, the “Closing Date”); and the Company shall issue to the Placement Agents Agent or their its designees at the Closing five-year warrants to purchase such number of Shares (as defined in Section 3) equal to 10.02.5% of the Shares sold in this Offering at an exercise price of $0.625 per share [●] (or 125% of the price per Share sold to Purchaser in the Offeringpublic offering price), which warrants shall be exercisable at any time during the period commencing beginning 180 days from the commencement date of sales in the Offering (the “Effective Date”) (the “Placement Agent WarrantsWarrant” and, and together with the shares of Common Stock Ordinary Shares underlying such the Placement Agent WarrantsWarrant, the “Placement Agent Securities”). The Placement Agents Agent may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement AgentsAgent.

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agents Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agents Agent an amount (the “Placement Fee”) equal to nine percent (9.0%) 8.0% of the aggregate gross proceeds received by the Company from the sale of the Securities, at the closing (the “Closing” and the date on which the Closing occurs, the “Closing Date”); and the Company shall issue to the Placement Agents Agent or their its designees at the Closing fivethree-year warrants to purchase such number of Shares (as defined in Section 3) equal to 10.0% of the Shares sold in this Offering (excluding any Shares issuable upon exercise of the Warrants issued in the Offering) at an exercise price of $0.625 per share (125% of the price per Share sold to Purchaser in the Offering)2.35, which warrants shall be exercisable at any time during the period commencing beginning 180 days from the commencement date of sales in the Offering (the “Effective Date”) (the “Placement Agent WarrantsWarrant” and, and together with the shares of Common Stock underlying such the Placement Agent WarrantsWarrant, the “Placement Agent Securities”). The Placement Agents Agent may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement AgentsAgent.

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agents Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agents Agent an amount (the “Placement Fee”) equal to nine percent (9.0%) 7.5% of the aggregate gross proceeds received by the Company from the sale of the Securities, Securities at the closing (the “Closing” and the date on which the Closing occurs, the “Closing Date”); and the Company shall issue to the Placement Agents Agent or their its designees at the Closing fivethree and one-half-year warrants to purchase such number of Shares (as defined in Section 3) equal to 10.02.5% of the Shares sold in this Offering at an exercise price of $0.625 per share 7.50 (or 125% of the price per Share sold to Purchaser in the Offeringpublic offering price), which warrants shall be exercisable at any time during the period commencing beginning 180 days from the commencement date of sales in the Offering (the “Effective Date”) (the “Placement Agent WarrantsWarrant” and, and together with the shares of Common Stock Ordinary Shares underlying such the Placement Agent WarrantsWarrant, the “Placement Agent Securities”). The Placement Agents Agent may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement AgentsAgent.

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agents in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agents an amount (the “Placement Fee”) equal to nine percent (9.0%) 6.0% of the aggregate gross proceeds received by the Company from the sale of the Securities, Securities at the closing (the “Closing” and the date on which the Closing occurs, the “Closing Date”); and the Company shall issue to the Placement Agents or their designees at the Closing five-year warrants to purchase such number of Shares ADSs (as defined in Section 3) equal to 10.05.0% of the Shares ADSs sold in this Offering at an exercise price of $0.625 per share [●] (or 125% of the price per Share sold to Purchaser in the Offeringpublic offering price), which warrants shall be exercisable at any time during the period commencing beginning 180 days from the commencement date of sales in the Offering (the “Effective Date”) (the “Placement Agent WarrantsWarrant” and, and together with the shares of Common Stock ADSs and underlying such Ordinary Shares (as defined below) underlying the Placement Agent WarrantsWarrant, the “Placement Agent Securities”). The Placement Agents may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement Agents.

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agents Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agents Agent an amount (the “Placement Fee”) equal to nine percent (9.0%) 7.0% of the aggregate gross proceeds received by the Company from the sale of the Securities, at the closing (the “Closing” and the date on which the Closing occurs, the “Closing Date”); and the Company shall issue to the Placement Agents Agent or their its designees at the Closing fivethree and one-half year warrants to purchase such number of Shares (as defined in Section 3) equal to 10.07.0% of the Shares sold in this Offering at an exercise price of $0.625 per share (125% of the price per Share sold to Purchaser in the Offering)4.4875, which warrants shall be exercisable at any time during the period commencing beginning 180 days from the commencement date of sales in the Offering (the “Effective Date”) (the “Placement Agent WarrantsWarrant” and, and together with the shares of Common Stock underlying such the Placement Agent WarrantsWarrant, the “Placement Agent Securities”). The Placement Agents Agent may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement AgentsAgent.