August 2015,

two

shares of Series B Preferred Stock held by Platinum for -year warrants to purchase shares of common stock of the Company at per share (the “Series LL warrants”). The Series B Preferred Stock was convertible into common stock at a conversion rate of shares of common stock per share of Series B Preferred Stock resulting in an aggregate number of shares of common stock into which the Series B Preferred Stock was convertible of shares. There was other consideration paid or received for the exchange. gain or loss was recognized in our consolidated financial statements as a result of the exchange. The exchange transaction was entered into in connection with the filing of an application to list the Company’s common stock on the Tel Aviv Stock Exchange (“TASE”) in order to comply with a listing requirement of the TASE that listed companies have only class of equity securities issued and outstanding. Following the exchange, the Company has shares of preferred stock outstanding.