Exhibit 1
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December 24, 2020
From: Wize Pharma, Inc. (the "Company")
To: The Holders of Warrants in the Signature Page hereto
Re: Voluntary Adjustment
Reference is hereby made to the Series A Warrants issued to you on or about October 24, 2018 (the “Warrants”; unless otherwise defined herein, all terms and conditions used in this letter shall have the meanings assigned to such terms in the Warrants).
In accordance with Section 2 of the Warrants, this is to inform you that, subject to receipt of the requisite consent of the Required Holders, the Company intends to voluntary reduce the current Exercise Price to $0.001 per share for a period of time deemed appropriate by the Board of Directors of the Company (the “Expiration Time”). Following the Expiration Time, the Exercise Price shall revert to its current Exercise Price.
Kindly confirm your consent with the foregoing by counter signing in the next page.
| Sincerely, |
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| WIZE PHARMA, INC. |
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| By: | /s/ Noam Danenberg |
| Name: | Noam Danenberg |
| Title: | CEO |
[Signature Page Follows]
{S2732463; 1} Phone +972-72-2600536 Email info@wizepharma.com
Fax +972-72-2600537 Website www.wizepharma.com Address: 24 Hanagar St., Hod Hasharon, Israel
IN WITNESS WHEREOF, each of the undersigned hereby consents to the voluntary adjustment described in the enclosed letter.
Dagiel Pekatch | | David Ichai |
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By: | /s/ Dagiel Pekatch | | By: | /s/ David Ichai |
Name: | | | Name: | |
Title: | | | Title: | |
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Shlomo Ben Nasser | | Rimon Gold Assets Ltd |
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By: | /s/ Shlomo Ben Nasser | | By: | /s/ Rimon Gold Assets Ltd |
Name: | | | Name: | |
Title: | | | Title: | |
| | |
Moshe Zuk | | Yoav Asulin |
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By: | /s/ Moshe Zuk | | By: | /s/ Yoav Asulin |
Name: | | | Name: | |
Title: | | | Title: | |
| | |
Jonathan Rubini | | Ziv Reznik |
| | |
By: | /s/ Jonathan Rubini | | By: | /s/ Ziv Reznik |
Name: | | | Name: | |
Title: | | | Title: | |
{S2732463; 1} Phone +972-72-2600536 Email info@wizepharma.com
Fax +972-72-2600537 Website www.wizepharma.com Address: 24 Hanagar St., Hod Hasharon, Israel