Common use of Exchange Cap Clause in Contracts

Exchange Cap. Notwithstanding anything to contrary herein, the Company shall not affect any sales under this Agreement and the Investor shall not have the obligation to purchase Common Shares under this Agreement to the extent (but only to the extent) that after giving effect to such purchase and sale the aggregate number of Common Shares issued under this Agreement would exceed 19.9% of the outstanding Common Shares as of the date of the closing of the Business Combination (the “Exchange Cap”) provided further that, the Exchange Cap will not apply if (a) the Company’s stockholders have approved issuances in excess of the Exchange Cap in accordance with the rules of the Principal Market, (b) the Company is permitted to follow its home country practices instead of the stockholder approval requirements of Nasdaq Rule 5635, and has made such election to follow home country practice in accordance with the Nasdaq Rules, or (c) the average price of all applicable sales of Ordinary Shares hereunder (including any sales covered by an Advance Notice that has been delivered prior to the determination of whether this clause (c) applies) equals or exceeds the lower of (i) the Nasdaq Official Closing Price (as reflected on ▇▇▇▇▇▇.▇▇▇) immediately preceding the Effective Date; or (ii) the average Nasdaq Official Closing Price for the five Trading Days immediately preceding the Effective Date. In connection with each Advance Notice, any portion of an Advance that would exceed the Exchange Cap shall automatically be withdrawn with no further action required by the Company and such Advance Notice shall be deemed automatically modified to reduce the aggregate amount of the requested Advance by an amount equal to such withdrawn portion in respect of each Advance Notice.

Exchange Cap. Notwithstanding anything to the contrary herein, the Company shall not affect effect any sales under this Agreement and the Investor shall not have the obligation to purchase Common Shares under this Agreement to the extent (but only to the extent) that after giving effect to such purchase and sale the aggregate number of Common Shares issued under this Agreement would exceed 19.919.99% of the outstanding aggregate amount of Common Shares issued and outstanding as of the date of the closing of the Business Combination this Agreement (the “Exchange Cap”) provided further that, the Exchange Cap will not apply if (a) the Company’s stockholders have approved issuances in excess of the Exchange Cap in accordance with the rules of the Principal Market, or (b) the Company is permitted to follow its home country practices instead of the stockholder approval requirements of Nasdaq Rule 5635, and has made such election to follow home country practice in accordance with the Nasdaq Rules, or (c) the average price Average Price of all applicable sales of Ordinary Common Shares hereunder (including any sales covered by an Advance Notice that has been delivered prior to the determination of whether this clause (cb) applies) equals or exceeds the lower of (i) the Nasdaq Official Closing Price (as reflected on ▇N▇▇▇▇▇.▇▇▇) immediately preceding the Effective Date; or (ii) the average Nasdaq Official Closing Price for the five Trading Days immediately preceding the Effective Date). In connection with each Advance Notice, any portion of an Advance that would exceed the Exchange Cap shall automatically be withdrawn with no further action required by the Company and such Advance Notice shall be deemed automatically modified to reduce the aggregate amount of the requested Advance by an amount equal to such withdrawn portion in respect of each Advance Notice.

Exchange Cap. Notwithstanding anything to contrary herein, the Company shall not affect any sales under this Agreement and the Investor shall not have the obligation to purchase Common Shares under this Agreement to the extent (but only to the extent) that after giving effect to such purchase and sale the aggregate number of Common Shares issued under this Agreement would exceed 19.9% of the outstanding Common Shares as of the date of the closing of the Business Combination this Agreement (the “Exchange Cap”) provided further that, the Exchange Cap will not apply if (a) the Company’s stockholders have approved issuances in excess of the Exchange Cap in accordance with the rules of the Principal Market, (b) the Company is permitted to follow its home country practices instead of the stockholder approval requirements of Nasdaq Rule 5635, and has made such election to follow home country practice in accordance with the Nasdaq Rules, or (c) the average price of all applicable sales of Ordinary Shares hereunder (including any sales covered by an Advance Notice that has been delivered prior to the determination of whether this clause (c) applies) equals or exceeds the lower of (i) the Nasdaq Official Closing Price (as reflected on ▇▇▇▇▇▇.▇▇▇) immediately preceding the Effective Date; or (ii) the average Nasdaq Official Closing Price for the five Trading Days immediately preceding the Effective Date. In connection with each Advance Notice, any portion of an Advance that would exceed the Exchange Cap shall automatically be withdrawn with no further action required by the Company and such Advance Notice shall be deemed automatically modified to reduce the aggregate amount of the requested Advance by an amount equal to such withdrawn portion in respect of each Advance Notice.

Exchange Cap. Notwithstanding anything to the contrary herein, the Company shall not affect effect any sales under this Agreement and the Investor shall not have the obligation to purchase Common Shares under this Agreement to the extent (but only to the extent) that after giving effect to such purchase and sale the aggregate number of Common Shares issued under this Agreement would exceed 19.919.99% of the outstanding aggregate amount of Common Shares issued and outstanding as of the date of the closing of the Business Combination this Agreement (the “Exchange Cap”) provided further that, the Exchange Cap will not apply if (a) the Company’s stockholders have approved issuances in excess of the Exchange Cap in accordance with the rules of the Principal Market, or (b) the Company is permitted to follow its home country practices instead of the stockholder approval requirements of Nasdaq Rule 5635, and has made such election to follow home country practice in accordance with the Nasdaq Rules, or (c) the average price Average Price of all applicable sales of Ordinary Common Shares hereunder (including any sales covered by an Advance Notice that has been delivered prior to the determination of whether this clause (cb) applies) equals or exceeds the lower of (i) the Nasdaq Official Closing Price (as reflected on ▇▇▇▇▇▇.▇▇▇) immediately preceding the Effective Date; or (ii) the average Nasdaq Official Closing Price for the five Trading Days immediately preceding the Effective Date). In connection with each Advance Notice, any portion of an Advance that would exceed the Exchange Cap shall automatically be withdrawn with no further action required by the Company and such Advance Notice shall be deemed automatically modified to reduce the aggregate amount of the requested Advance by an amount equal to such withdrawn portion in respect of each Advance Notice.

Exchange Cap. Notwithstanding anything to the contrary herein, the Company shall not affect effect any sales under this Agreement and the Investor shall not have the obligation to purchase Common Shares under this Agreement to the extent (but only to the extent) that after giving effect to such purchase and sale the aggregate number of Common Shares issued under this Agreement would exceed 19.9% of the outstanding aggregate amount of Common Shares issued and outstanding as of the date of the closing of the Business Combination this Agreement (the “Exchange Cap”) ); provided further that, the Exchange Cap will not apply if (a) the Company’s stockholders have approved issuances in excess of the Exchange Cap in accordance with the rules of the Principal Market, or (b) the Company is permitted to follow its home country practices instead of the stockholder approval requirements of Nasdaq Rule 5635, and has made such election to follow home country practice in accordance with the Nasdaq Rules, or (c) the average price of all applicable sales of Ordinary Common Shares hereunder (including any sales covered by an Advance Notice that has been delivered prior to the determination of whether this clause (cb) applies) equals or exceeds $8.77 per share (which represents the lower of (i) the Nasdaq Official Closing Price (as reflected on ▇▇▇▇▇▇.▇▇▇) immediately preceding the Effective Date; date of this Agreement or (ii) the average Nasdaq Official Closing Price for the five Trading Days immediately preceding the Effective Datedate of this Agreement). In connection with each Advance Notice, any portion of an Advance that would exceed the Exchange Cap shall automatically be withdrawn with no further action required by the Company and such Advance Notice shall be deemed automatically modified to reduce the aggregate amount of the requested Advance by an amount equal to such withdrawn portion in respect of each Advance Notice; provided that in the event of any such automatic withdrawal and automatic modification, the Investor will promptly notify the Company of such event.

Exchange Cap. Notwithstanding anything to the contrary herein, the Company shall not affect effect any sales under this Agreement and the Investor shall not have the obligation to purchase Common Shares under this Agreement to the extent (but only to the extent) that after giving effect to such purchase and sale the aggregate number of Common Shares issued under this Agreement would exceed 19.9% of the outstanding aggregate amount of Common Shares issued and outstanding as of the date of the closing of the Business Combination Original Agreement (the “Exchange Cap”) ); provided further that, the Exchange Cap will not apply if (a) the Company’s stockholders have approved issuances in excess of the Exchange Cap in accordance with the rules of the Principal Market, or (b) the Company is permitted to follow its home country practices instead of the stockholder approval requirements of Nasdaq Rule 5635, and has made such election to follow home country practice in accordance with the Nasdaq Rules, or (c) the average price of all applicable sales of Ordinary Common Shares hereunder (including any sales covered by an Advance Notice that has been delivered prior to the determination of whether this clause (cb) applies) equals or exceeds $8.77 per share (which represents the lower of (i) the Nasdaq Official Closing Price (as reflected on ▇▇▇▇▇▇.▇▇▇) immediately preceding the Effective Date; date of the Original Agreement or (ii) the average Nasdaq Official Closing Price for the five Trading Days immediately preceding the Effective Datedate of the Original Agreement). In connection with each Advance Notice, any portion of an Advance that would exceed the Exchange Cap shall automatically be withdrawn with no further action required by the Company and such Advance Notice shall be deemed automatically modified to reduce the aggregate amount of the requested Advance by an amount equal to such withdrawn portion in respect of each Advance Notice; provided that in the event of any such automatic withdrawal and automatic modification, the Investor will promptly notify the Company of such event.

Exchange Cap. Notwithstanding anything to the contrary herein, the Company shall not affect effect any sales under this Agreement and the Investor shall not have the obligation to purchase Common Shares under this Agreement to the extent (but only to the extent) that after giving effect to such purchase and sale the aggregate number of Common Shares issued under this Agreement would exceed 19.9% of the outstanding aggregate amount of Common Shares issued and outstanding as of the date of the closing of the Business Combination this Agreement (the “Exchange Cap”) ); provided further that, the Exchange Cap will not apply if (a) the Company’s stockholders have approved issuances in excess of the Exchange Cap in accordance with the rules of the Principal Market, or (b) the Company is permitted to follow its home country practices instead of the stockholder approval requirements of Nasdaq Rule 5635, and has made such election to follow home country practice in accordance with the Nasdaq Rules, or (c) the average price of all applicable sales of Ordinary Common Shares hereunder (including any sales covered by an Advance Notice or Additional Advance Notice that has been delivered prior to the determination of whether this clause (cb) applies) equals or exceeds $4.87 per share (which represents the lower of (i) the Nasdaq Official Closing Price (as reflected on ▇▇▇▇▇▇.▇▇▇) immediately preceding the Effective Date; date of this Agreement or (ii) the average Nasdaq Official Closing Price for the five Trading Days immediately preceding the Effective Datedate of this Agreement) (adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction). In connection with each Advance Notice or Additional Advance Notice, any portion of an Advance or Additional Advance that would exceed the Exchange Cap shall automatically be withdrawn with no further action required by the Company and such Advance Notice or Additional Advance Notice shall be deemed automatically modified to reduce the aggregate amount of the requested Advance or Additional Advance by an amount equal to such withdrawn portion in respect of each Advance Notice or Additional Advance Notice; provided that in the event of any such automatic withdrawal and automatic modification, the Investor will promptly notify the Company of such event.