Common use of Volume Cap Clause in Contracts

Volume Cap. Investor covenants and agrees, so long as no Event of Default has occurred, not to sell, during any calendar week, Ordinary Shares acquired pursuant to this Agreement in an amount exceeding fifteen percent (15.00%) of the total weekly trading volume of the Company’s Ordinary Shares on all trading markets during such week (the “Sales Limitation”). In the event Investor breaches such covenant, Company’s sole and exclusive remedy shall be the reduction of the Pre-Paid Purchase Outstanding Balance in an amount equal to one hundred percent (100.00%) of the net proceeds Investor received from excess sales in any given week. For the avoidance of doubt, both the Sales Limitation and Company’s remedy related to such limitation shall expire thirty (30) days after the termination of the Commitment Period.

Volume Cap. Investor covenants and agrees, so long as no Event of Default has occurred, not to sell, during any calendar week, Ordinary Shares shares of Common Stock acquired pursuant to this Agreement in an amount exceeding fifteen percent (15.00%) of the total weekly trading volume of the Company’s Ordinary Shares Common Stock on all trading markets during such week (the “Sales Limitation”). In the event Investor breaches such covenant, Company’s sole and exclusive remedy shall be the reduction of the Pre-Paid Purchase Outstanding Balance in an amount equal to one hundred percent (100.00100%) of the net proceeds Investor received from excess sales in any given week. For the avoidance of doubt, both the Sales Limitation and Company’s remedy related to such limitation shall expire thirty (30) days after the termination of the Commitment Period.