Common use of Purchase of Offered Securities Clause in Contracts

Purchase of Offered Securities. On the basis of the representations and warranties herein contained, but subject to the terms and conditions herein, the Company agrees to issue and sell to the Underwriters an aggregate of 2,150,000 Ordinary Shares and 322,500 Option Shares (as defined in Section 2(d) below) (the “Offered Securities”) at a purchase price (net of discounts) of $3.72 per Share. The Underwriters agree to purchase from the Company the Offered Securities.

Purchase of Offered Securities. On the basis of the representations and warranties herein contained, but subject to the terms and conditions hereinherein set forth, the Company agrees to issue and sell to the Underwriters an aggregate of 2,150,000 4,600,000 Ordinary Shares and 322,500 Option Shares (as defined in Section 2(d) below) (the “Offered Securities”) at a purchase price (net of discounts) discounts)1 of $3.72 [ ] per Share. The Underwriters agree to purchase from the Company the Offered Securities.