Common use of Company Acknowledgement Clause in Contracts

Company Acknowledgement. The Company acknowledges that the Company has received the aggregate par value of the Ordinary Shares represented by ADSs issuable upon exercise of this Warrant and the Company shall hold such aggregate par value amount in trust pursuant to the Letter Agreement and shall apply it in payment of the par value of the Ordinary Shares represented by ADSs issued in connection with exercises of this Warrant pursuant to Section 2(c) herein.

Company Acknowledgement. The Company acknowledges that that, if the Company has received the aggregate par value of the Ordinary Shares represented by ADSs issuable upon exercise of this Warrant and Warrant, the Company shall hold such aggregate par value amount in trust pursuant to Section 4.9 of the Letter Purchase Agreement and shall apply it in payment of the par value of the Ordinary Shares represented by ADSs issued in connection with exercises of this Warrant pursuant to Section 2(c) herein.