Common use of Subsequent Closings Clause in Contracts

Subsequent Closings. The Company and the Placement Agent may continue to offer and accept subscriptions for the Shares and conduct additional closings (each, a “Subsequent Closing”) for the sale of such Shares after the First Closing and until the termination of the Offering. Unless earlier terminated, this Offering will continue until November 4, 2019 unless the Company, in its sole discretion and without notice to Purchasers, extends the offering termination date to November 19, 2019. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place no later than November 4, 2019 (or November 19, 2019 if the Company extends the termination date). The date of any subsequent closing is referred to as a “Subsequent Closing Date.” Notwithstanding the foregoing, no more than the Maximum Offering Amount will be sold at the First Closing and all Subsequent Closings. The First Closing and any applicable Subsequent Closings are each referred to in this Subscription Agreement as a “Closing.” The First Closing Date and any Subsequent Closing Dates are sometimes referred to herein as a “Closing Date.”

Subsequent Closings. The Company Company, and the Placement Agent as the case may be, may continue to offer and accept subscriptions for the Shares Units and conduct additional closings (each, a “Subsequent Closing”) for the sale of such Shares Units after the First Closing and until the termination of the Offering. Unless earlier terminatedterminated by agreement of the Company and the Placement Agent, this Offering will continue until November 4February 28, 2019 unless 2017, which termination date may be extended, without notice and at the sole discretion of the Company, in its sole discretion and without notice for up to Purchasers, extends the offering termination date to November 19, 201960 days. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place no later than November 4, 2019 (or November 19, 2019 if the Company extends the termination date). The date of any subsequent closing is referred to as a “Subsequent Closing Date.” Notwithstanding the foregoing, no more than the Maximum Offering Amount of Units will be sold at the First Closing and all Subsequent Closings. The First Closing and any applicable Subsequent Closings are each referred to in this Subscription Agreement as a “Closing.” The First Closing Date and any Subsequent Closing Dates are sometimes referred to herein as a “Closing Date.”

Subsequent Closings. The Company and the Placement Agent may continue to offer and accept subscriptions for the Shares Units and conduct additional closings (each, a “Subsequent Closing”) for the sale of such Shares Units after the First Closing and until the termination of the Offering. Unless earlier terminated, this Offering will continue until November 4February 28, 2019 unless the Company, in its sole discretion and without notice to Purchasers, extends the offering termination date to November 19, 20192018. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place no later than November 4February 28, 2019 (or November 19, 2019 if the Company extends the termination date)2018. The date of any subsequent closing is referred to as a “Subsequent Closing Date.” Notwithstanding the foregoing, no more than the Maximum Offering Amount $5,000,000 in Units will be sold at the First Closing and all Subsequent Closings. The First Closing and any applicable Subsequent Closings are each referred to in this Subscription Agreement as a “Closing.” The First Closing Date and any Subsequent Closing Dates are sometimes referred to herein as a “Closing Date.”

Subsequent Closings. The Company and the Placement Agent may continue to offer and accept subscriptions for the Shares Units and conduct additional closings (each, a “Subsequent Closing”) for the sale of such Shares Units after the First Closing and until the termination of the Offering. Unless earlier terminated, this Offering will continue until November 4January 31, 2019 unless 2016, or, if the Company’s Board of Directors authorize, in its sole discretion and without notice to Purchasersuntil February 29, extends the offering termination date to November 19, 20192016. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place no later than November 4February 29, 2019 (or November 19, 2019 if the Company extends the termination date)2016. The date of any subsequent closing is referred to as a “Subsequent Closing Date.” Notwithstanding the foregoing, no more than the Maximum Offering Amount $2,000,000 in Units will be sold at the First Closing and all Subsequent Closings, unless an increase of an additional $1,000,000 is authorized by the Company’s Board of Directors. The First Closing and any applicable Subsequent Closings are each referred to in this Subscription Agreement as a “Closing.” The First Closing Date and any Subsequent Closing Dates are sometimes referred to herein as a “Closing Date.”

Subsequent Closings. The Company and the Placement Agent may continue to offer and accept subscriptions for the Shares and conduct additional closings (each, a “Subsequent Closing”) for the sale of such Shares after the First Closing and until the termination of the Offering. Unless earlier terminated, this Offering will continue until November 4February 28, 2019 unless 2018, or, if the Company’s Board of Directors authorize, in its sole discretion and without notice to Purchasers, extends the offering termination date to November 19until April 30, 20192018. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place no later than November 4April 30, 2019 (or November 19, 2019 if the Company extends the termination date)2018. The date of any subsequent closing is referred to as a “Subsequent Closing Date.” Notwithstanding the foregoing, no more than the Maximum Offering Amount $10,000,000 in Shares will be sold at the First Closing and all Subsequent Closings, unless an increase of an additional $20,000,000 is authorized by the Company’s Board of Directors, without notice to Purchasers. The First Closing and any applicable Subsequent Closings are each referred to in this Subscription Agreement as a “Closing.” The First Closing Date and any Subsequent Closing Dates are sometimes referred to herein as a “Closing Date.”

Subsequent Closings. The Company and the Placement Agent may continue to offer and accept subscriptions for the Shares and conduct additional closings (each, a “Subsequent Closing”) for the sale of such Shares after the First Closing and until the termination of the Offering. Unless earlier terminated, this Offering will continue until November 4March 31, 2019 2025, unless the Company, in its sole discretion and without notice to Purchasers, extends the offering termination date for up to November 19, 2019an additional 45 days. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place no later than November 4March 31, 2019 2025 (or November 19, 2019 up to 45 days thereafter if the Company extends the termination date). The date of any subsequent closing is referred to as a “Subsequent Closing Date.” Notwithstanding the foregoing, no more than the Maximum Offering Amount 150,000 Shares will be sold in aggregate, at the First Closing and all Subsequent Closings. The First Closing and any applicable Subsequent Closings are each referred to in this Subscription Agreement as a “Closing.” The First Closing Date and any Subsequent Closing Dates are sometimes referred to herein as a “Closing Date.”

Subsequent Closings. The Company and the Placement Agent may continue to offer and accept subscriptions for the Shares and conduct additional closings (each, a “Subsequent Closing”) for the sale of such Shares after the First Closing and until the termination of the Offering. Unless earlier terminated, this Offering will continue until November 4August 31, 2019 2018 unless the CompanyCompnay, in its sole discretion and without notice to Purchasers, extends the offering termination date to November 19October 31, 20192018. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place no later than November 4August 31, 2019 2018 (or November 19October 31, 2019 2018 if the Company extends the termination date). The date of any subsequent closing is referred to as a “Subsequent Closing Date.” Notwithstanding the foregoing, no more than the Maximum Offering Amount $3,500,000 in Shares will be sold at the First Closing and all Subsequent Closings. The First Closing and any applicable Subsequent Closings are each referred to in this Subscription Agreement as a “Closing.” The First Closing Date and any Subsequent Closing Dates are sometimes referred to herein as a “Closing Date.”

Subsequent Closings. The Company and the Placement Agent may continue to offer and accept subscriptions for the Shares Units and conduct additional closings (each, a “Subsequent Closing”) for the sale of such Shares Units after the First Closing and until the termination of the Offering. Unless earlier terminated, this Offering will continue until November 4September 30, 2019 unless 2015, or, if the Company’s Board of Directors authorize, in its sole discretion and without notice to Purchasersuntil October 31, extends the offering termination date to November 19, 20192015. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place no later than November 4October 31, 2019 (or November 19, 2019 if the Company extends the termination date)2015. The date of any subsequent closing is referred to as a “Subsequent Closing Date.” Notwithstanding the foregoing, no more than the Maximum Offering Amount $8,000,000 in Units will be sold at the First Closing and all Subsequent Closings, unless an increase of an additional $2,000,000 is authorized by the Company’s Board of Directors. The First Closing and any applicable Subsequent Closings are each referred to in this Subscription Agreement as a “Closing.” The First Closing Date and any Subsequent Closing Dates are sometimes referred to herein as a “Closing Date.”

Subsequent Closings. The Company and the Placement Agent may continue to offer and accept subscriptions for the Shares Securities and conduct additional closings (each, a “Subsequent Closing”) for the sale of such Shares Securities after the First Closing and until the termination of the Offering. Unless earlier terminated, this Offering will continue until November 4December 31, 2019 unless the CompanyCompnay, in its sole discretion and without notice to Purchasers, extends the offering termination date to November 19, 2019by 45 days. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place no later than November 4December 31, 2019 (or November 19, 2019 if the Company extends the termination datedate the date to which the Company extends the termination). The date of any subsequent closing is referred to as a “Subsequent Closing Date.” Notwithstanding the foregoing, no more than the Maximum Offering Amount $3,600,000 in Securities will be sold at the First Closing and all Subsequent Closings. The First Closing and any applicable Subsequent Closings are each referred to in this Subscription Agreement as a “Closing.” The First Closing Date and any Subsequent Closing Dates are sometimes referred to herein as a “Closing Date.”

Subsequent Closings. The Company and the Placement Agent may continue to offer and accept subscriptions for the Shares and conduct additional closings (each, a “Subsequent Closing”) for the sale of such Shares after the First Closing and until the termination of the Offering. Unless earlier terminated, this Offering will continue until November 4August 31, 2019 unless 2016, or, if the Company’s Board of Directors authorize, in its sole discretion and without notice to Purchasers, extends the offering termination date to November 19until October 31, 20192016. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place no later than November 4October 31, 2019 (or November 19, 2019 if the Company extends the termination date)2016. The date of any subsequent closing is referred to as a “Subsequent Closing Date.” Notwithstanding the foregoing, no more than the Maximum Offering Amount $25,000,000 in Shares will be sold at the First Closing and all Subsequent Closings, unless an increase of an additional $5,000,000 is authorized by the Company’s Board of Directors, without notice to Purchasers. The First Closing and any applicable Subsequent Closings are each referred to in this Subscription Agreement as a “Closing.” The First Closing Date and any Subsequent Closing Dates are sometimes referred to herein as a “Closing Date.”

Subsequent Closings. The Company and the Placement Agent may continue to offer and accept subscriptions for the Shares Units and conduct additional closings (each, a “Subsequent Closing”) for the sale of such Shares Units after the First Closing and until the termination of the Offering. Unless earlier terminatedterminated by agreement of the Company and the Placement Agent, this Offering will continue until November 4May 27, 2019 unless the Company, in its sole discretion and without notice to Purchasers, extends the offering termination date to November 19, 20192014. There may be more than one Subsequent Closing; provided, however, that the final Subsequent Closing shall take place no later than November 4May 27, 2019 (or November 19, 2019 if the Company extends the termination date)2014. The date of any subsequent closing is referred to as a “Subsequent Closing Date.” Notwithstanding the foregoing, no more than the Maximum Offering Amount of Units will be sold at the First Closing and all Subsequent Closings. The First Closing and any applicable Subsequent Closings are each referred to in this Subscription Agreement as a “Closing.” The First Closing Date and any Subsequent Closing Dates are sometimes referred to herein as a “Closing Date.”