Additional Commitment Shares definition

Additional Commitment Shares means 9,971,510 shares of Common Stock representing $175,000 divided by the sum equal to the daily VWAP of the Common Stock on the Trading Day immediately preceding the Execution Date multiplied by 90% and with such shares being duly authorized, validly issued, fully paid and nonassessable and which, the Company has caused its transfer agent to issue and deliver to the Investor not later than 4:00 p.m. (New York City time) on the sixtieth day immediately following the Effective Date.

Additional Commitment Shares means the ADSs to be issued directly to the Investor in connection with purchases of Purchase Shares hereunder in accordance with Section 2(b), and, if applicable, the Ordinary Shares that are exchanged for such ADSs.

Additional Commitment Shares means a number of shares of duly authorized, validly issued, fully paid and nonassessable shares of Common Stock (which shall be appropriately adjusted for any stock splits, stock combinations, stock dividends, recapitalizations and other similar transactions that occur on or after the date of this Agreement), rounded up to the nearest whole share, equal to the greater of (I) zero and (II) the difference of (i) the quotient of (x) $150,000 divided by (y) the greater of (A) the Effective Date Market Price and (B) $0.15, less (ii) 454,408; provided, however, that in no event shall the Company issue more than an aggregate of 545,592 shares of Common Stock (subject to adjustment for any stock splits, stock combinations, stock dividends, recapitalizations and other similar transactions that occur on or after the date of this Agreement) as Additional Commitment Shares pursuant to this Agreement. For the avoidance of doubt, all of the Additional Commitment Shares shall be fully earned as of the date such shares are required to be issued to the Investor under this Agreement, regardless of whether any Draw Downs are issued by the Company or settled hereunder. The Initial Commitment Shares and the Additional Commitment Shares shall constitute Registrable Securities and shall be included in the Registration Statement in accordance with the terms of the Registration Rights Agreement.

Additional Commitment Shares means an aggregate of 359,097 shares of duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, which the Company shall cause its transfer agent to issue and deliver to the Investor as DWAC Shares in such amounts and at such times as set forth in Section 10.1(ii)(b) of this Agreement.

Additional Commitment Shares means an aggregate of 75,000 shares of duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, which the Company shall cause its transfer agent to issue and deliver to the Investor as DWAC Shares in such amounts and at such times as set forth in Section 10.1(ii)(b) of this Agreement.

Additional Commitment Shares has the meaning set forth in Section 5(e).

Additional Commitment Shares means a number of shares of duly authorized, validly issued, fully paid and nonassessable shares of Common Stock determined by the True-Up Calculation (the “True-Up Calculation”) as follows, (i) the quotient obtained by dividing (x) $125,000.00, representing the Share Commitment, by (y) 87.5% of the lowest trading price of the Common Stock in the ten days prior to the earlier of (i) the Effective Date or (ii) 180 days following the execution of this Agreement. In the event that the total Commitment Shares issued or to be issued to the Holder represents more than 9.99% of the outstanding stock of the Company, the Buyer has the right to have the Commitment Shares delivered in multiple issuances. For the avoidance of doubt, all of the Commitment Shares and Commitment Note shall be fully earned as of the Closing Date, regardless of whether any Draw Downs are issued by the Company or settled hereunder

Additional Commitment Shares means 6,076,389 shares of Common Stock with such shares being duly authorized, validly issued, fully paid and nonassessable and which, the Company has caused its transfer agent to issue and deliver to the Investor not later than 4:00 p.m. (New York City time) on the sixtieth day immediately following the Effective Date."

Additional Commitment Shares means a number of shares of duly authorized, validly issued, fully paid and nonassessable shares of Common Stock equal to the quotient obtained by dividing (a) $83,750 by (b) the arithmetic average of the VWAPs over the 10 Trading Day-period immediately preceding the Effectiveness Deadline, rounded up to the nearest whole share. For the avoidance of doubt, all of the Additional Commitment Shares shall be fully earned as of the date such shares are required to be issued to the Investor under this Agreement, regardless of whether any Draw Downs are issued by the Company or settled hereunder. Upon issuance, the Initial Commitment Shares and the Additional Commitment Shares shall constitute “restricted securities” as such term is defined in Rule 144(a)(3) under the Securities Act and, subject to the provisions of subsection (iv) of this Section 10.1, the certificates representing the Initial Commitment Shares and the Additional Commitment Shares shall bear the restrictive legend set forth below in subsection (iii) of this Section 10.1. The Initial Commitment Shares and the Additional Commitment Shares shall constitute Registrable Securities and shall be included in the Registration Statement in accordance with the terms of the Registration Rights Agreement.