stock options (provided that any remaining ADSs or Ordinary Shares
received upon such exercise will be subject to the restrictions provided for in this Lock-Up Agreement). For purposes
of this paragraph, “immediate family” shall mean the undersigned and the spouse, any lineal descendent, father, mother,
brother or sister of the undersigned.
In addition, the undersigned hereby waives any
rights the undersigned may have to require registration of ADSs or Ordinary Shares in connection with the filing of a registration
statement relating to the Offering. The undersigned further agrees that, for the Lock-Up Period, the undersigned will not, without
the prior written consent of the Representative, make any demand for, or exercise any right with respect to, the registration of
ADSs or Ordinary Shares or any securities convertible into or exercisable or exchangeable for ADSs or Ordinary Shares, or warrants
or other rights to purchase ADSs or Ordinary Shares or any such securities.
The undersigned hereby confirms that the undersigned
has not, directly or indirectly, taken, and hereby covenants that the undersigned will not, directly or indirectly, take, any action
designed, or which has constituted or will constitute or might reasonably be expected to cause or result in the stabilization or
manipulation of the price of any security of the Company to facilitate the sale or resale of shares of the ADSs.
If (i) the Company notifies
you in writing that it does not intend to proceed with the Offering, (ii) the closing of the Offering does not occur prior to ninety
(90) days from the date of this Lock-Up Agreement or (iii) for any reason the Underwriting Agreement shall be terminated prior
to the Closing Date, this Lock-Up Agreement shall be terminated and the undersigned shall be released from its obligations hereunder.
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