(a) | Amount beneficially owned:
(i) Immediately following the execution of the Securities Purchase Agreement with the Issuer on June 25, 2025 (the "SPA") (as disclosed in the Form 8-K filed by the Issuer with the Securities and Exchange Commission on June 26, 2025), each of the Reporting Persons may have been deemed to have beneficial ownership of 938,520 Ordinary Shares, which consisted of (i) 641,026 Ordinary Shares to be issued to Intracoastal at the closing of the transaction contemplated by the SPA, (ii) 58,789 Ordinary Shares issuable upon exercise of a warrant held by Intracoastal ("Intracoastal Warrant 1"), (iii) 4,697 Ordinary Shares issuable upon exercise of a second warrant held by Intracoastal ("Intracoastal Warrant 2"), (iv) 175,500 Ordinary Shares issuable upon exercise of a third warrant held by Intracoastal ("Intracoastal Warrant 3") and (v) 58,508 Ordinary Shares issuable upon exercise of a fourth warrant held by Intracoastal ("Intracoastal Warrant 4"), and all such Ordinary Shares represented beneficial ownership of approximately 7.5% of the Ordinary Shares, based on (1) 11,602,266 Ordinary Shares outstanding as of June 24, 2025, as reported by the Issuer, plus (2) 641,026 Ordinary Shares to be issued to Intracoastal at the closing of the transaction contemplated by the SPA, (3) 58,789 Ordinary Shares issuable upon exercise of Intracoastal Warrant 1, (4) 4,697 Ordinary Shares issuable upon exercise of Intracoastal Warrant 2, (5) 175,500 Ordinary Shares issuable upon exercise of Intracoastal Warrant 3 and (6) 58,508 Ordinary Shares issuable upon exercise of Intracoastal Warrant 4. The foregoing excludes (I) 641,026 Ordinary Shares issuable upon exercise of a warrant to be issued to Intracoastal at the closing of the transaction contemplated by the SPA ("Intracoastal Warrant 5") because Intracoastal Warrant 5 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 5 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 4.99% of the Ordinary Shares and (II) 606,061 Ordinary Shares issuable upon exercise of a fifth warrant held by Intracoastal ("Intracoastal Warrant 6") because Intracoastal Warrant 6 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 6 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 4.99% of the Ordinary Shares. Without such blocker provisions, each of the Reporting Persons may have been deemed to have beneficial ownership of 2,185,607 Ordinary Shares.
(ii) As of the close of business on July 1, 2025, each of the Reporting Persons may have been deemed to have beneficial ownership of 819,443 Ordinary Shares, which consisted of (i) 58,789 Ordinary Shares issuable upon exercise of Intracoastal Warrant , (ii) 4,697 Ordinary Shares issuable upon exercise of Intracoastal Warrant 2, (iii) 175,500 Ordinary Shares issuable upon exercise of Intracoastal Warrant 3, (iv) 58,508 Ordinary Shares issuable upon exercise of Intracoastal Warrant 4 and (v) 521,949 Ordinary Shares issuable upon exercise of Intracoastal Warrant 5, and all such Ordinary Shares represented beneficial ownership of approximately 4.99% of the Ordinary Shares, based on (1) 11,602,266 Ordinary Shares outstanding as of June 24, 2025, as reported by the Issuer, plus (2) 4,000,000 Ordinary Shares issued at the closing of the transaction contemplated by the SPA, (3) 58,789 Ordinary Shares issuable upon exercise of Intracoastal Warrant 1, (4) 4,697 Ordinary Shares issuable upon exercise of Intracoastal Warrant 2, (5) 175,500 Ordinary Shares issuable upon exercise of Intracoastal Warrant 3, (6) 58,508 Ordinary Shares issuable upon exercise of Intracoastal Warrant 4 and (7) 521,949 Ordinary Shares issuable upon exercise of Intracoastal Warrant 5. The foregoing excludes (I) 119,077 Ordinary Shares issuable upon exercise of Intracoastal Warrant 5 because Intracoastal Warrant 5 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 5 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 4.99% of the Ordinary Shares and (II) 606,061 Ordinary Shares issuable upon exercise of Intracoastal Warrant 6 because Intracoastal Warrant 6 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 6 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 4.99% of the Ordinary Shares. Without such blocker provisions, each of the Reporting Persons may have been deemed to have beneficial ownership of 1,544,581 Ordinary Shares. |