Common use of Subsequent Closings Clause in Contracts

Subsequent Closings. In the event that the Maximum Amount is not raised at the First Closing, the Company and the Lead Placement Agent may mutually agree to have one or more subsequent closings of the Offering (each, a “Subsequent Closing”) until the Maximum Amount is raised. At each Subsequent Closing, the Company agrees to issue and sell to each Investor who executes a signature page hereto, and each such Investor agrees, severally and not jointly, to purchase from the Company such number of Units set forth on such Investor’s signature pages attached hereto. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place within the time periods set forth in the Memorandum. The date of any Subsequent Closing is hereinafter referred to as a “Subsequent Closing Date”).

Subsequent Closings. In the event that the Maximum Amount is not raised at the First Closing, the Company and the Lead Placement Agent may mutually agree to have one or more subsequent closings of the Offering (each, a “Subsequent Closing”) until the Maximum Amount is raised. At each Subsequent Closing, the Company agrees to issue and sell to each Investor who executes a signature page hereto, and each such Investor agrees, severally and not jointly, to purchase from the Company such number of Units set forth on such Investor’s signature pages attached hereto. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place within the time periods set forth in the Memorandum. The date of any Subsequent Closing is hereinafter referred to as a “Subsequent Closing Date”).

Subsequent Closings. In the event that the Maximum Amount is not raised at the First Closing, the Company and the Lead Placement Agent may mutually agree to have one or more subsequent closings Closings of the Offering (each, a “Subsequent Closing”) until the first to occur of: (i) the Maximum Amount is raisedbeing raised and (ii) the Outside Date occurs. At each Subsequent Closing, the Company agrees to issue and sell to each Investor who executes a signature page hereto, and each such Investor agrees, severally and not jointly, to purchase from the Company such number of Units set forth on such Investor’s signature pages attached hereto. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place within on or before the time periods set forth in the MemorandumOutside Date. The date of any Subsequent Closing is hereinafter referred to as a “Subsequent Closing Date”).

Subsequent Closings. In the event that the Maximum Amount is not raised at the First Closing, the Company and the Lead Placement Agent may mutually agree to have one or more subsequent closings Closings of the Offering (each, a “Subsequent Closing”) until the first to occur of: (i) the Maximum Amount is raisedbeing raised and (ii) the Outside Date. At each Subsequent Closing, the Company agrees to issue and sell to each Investor participating in such Subsequent Closing who executes a signature page hereto, and each such Investor agrees, severally and not jointly, to purchase from the Company such number of Units set forth on such Investor’s signature pages attached hereto. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place within on or before the time periods set forth in the MemorandumOutside Date. The date of any Subsequent Closing is hereinafter referred to as a “Subsequent Closing Date”).

Subsequent Closings. In the event that the Maximum Amount is not raised at the First Closing, the Company and the Lead Placement Agent may mutually agree to have one or more subsequent closings Closings of the Offering (each, a “Subsequent Closing”) until the first to occur of: (i) the Maximum Amount is raisedbeing raised and (ii) the Outside Date. At each Subsequent Closing, the Company agrees to issue and sell to each Investor participating in such Subsequent Closing who executes a signature page hereto, and each such Investor agrees, severally and not jointly, to purchase from the Company such number of Units a Convertible Note, with a principal amount as set forth on such Investor’s signature pages attached hereto. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place within on or before the time periods set forth in the MemorandumOutside Date. The date of any Subsequent Closing is hereinafter referred to as a “Subsequent Closing Date”).

Subsequent Closings. In the event that the Maximum Amount is not raised at the First Closing, the Company and the Lead Placement Agent may mutually agree determine to have one or more subsequent closings Closings of the Offering (each, a “Subsequent Closing”) until the first to occur of the Maximum Amount is raisedraised and the Outside Date occurs. At each Subsequent Closing, the Company agrees to issue and sell to each Investor who executes a signature page hereto, and each such Investor agrees, severally and not jointly, to purchase from the Company such number of Units Shares set forth on such Investor’s signature pages attached hereto. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place within on or before the time periods set forth in the MemorandumOutside Date. The date of any Subsequent Closing is hereinafter referred to as a “Subsequent Closing Date”).

Subsequent Closings. In the event that the Maximum Amount is not raised at the First Closing, the Company and the Lead Placement Agent may mutually agree to have one or more subsequent closings Closings of the Offering (each, a “Subsequent Closing”) until the first to occur of: (i) the Maximum Amount is raisedbeing raised and (ii) the Outside Date. At each Subsequent Closing, the Company agrees to issue and sell to each Investor participating in such Subsequent Closing who executes a signature page hereto, and each such Investor agrees, severally and not jointly, to purchase from the Company such number of Units Shares set forth on such Investor’s signature pages attached hereto. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place within on or before the time periods set forth in the MemorandumOutside Date. The date of any Subsequent Closing is hereinafter referred to as a “Subsequent Closing Date”).