At 11:00 a.m., New York City time, on or before March 27, 2017, or at such other time on such other date as may be agreed upon by the Company and the Placement Agent (such date of delivery and payment is hereinafter referred to as the “ Closing Date ”), at the office of Golenbock Eiseman Assor Bell & Peskoe LLP, 711 Third Avenue, New York, New York 10017 (or at such other place as agreed upon by the Placement Agent and the Company), each Buyer shall wire an amount equal to the Purchase Price multiplied by the number of Shares being purchased by such Buyer to an account designated by the Company and the Company shall deliver the Shares to the Buyers, which delivery shall be made through the facilities of The Depository Trust Company. The Shares shall be registered in such name or names and shall be in such denominations in accordance with the instructions delivered by each Buyer to the Company at least one business day before the Closing Date.