0001193125-23-287459.txt : 20231201 0001193125-23-287459.hdr.sgml : 20231201 20231201160756 ACCESSION NUMBER: 0001193125-23-287459 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20231201 DATE AS OF CHANGE: 20231201 GROUP MEMBERS: HONGSHAN CAPITAL VENTURE 2010 FUND, L.P. GROUP MEMBERS: HSG HOLDING LTD GROUP MEMBERS: HSG VENTURE 2010 MANAGEMENT, L.P. GROUP MEMBERS: NEIL NANPENG SHEN GROUP MEMBERS: SNP CHINA ENTERPRISES LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Tuniu Corp CENTRAL INDEX KEY: 0001597095 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88134 FILM NUMBER: 231459571 BUSINESS ADDRESS: STREET 1: 6, 8-12TH FLOOR, BUILDING 6-A, JUHUIYUAN STREET 2: NO. 108 XUANWUDADAO, XUANWU DISTRICT CITY: NANJING STATE: F4 ZIP: 210023 BUSINESS PHONE: 86 25 86853969 MAIL ADDRESS: STREET 1: 6, 8-12TH FLOOR, BUILDING 6-A, JUHUIYUAN STREET 2: NO. 108 XUANWUDADAO, XUANWU DISTRICT CITY: NANJING STATE: F4 ZIP: 210023 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HSG 2010 CV Holdco, Ltd. CENTRAL INDEX KEY: 0001608484 IRS NUMBER: 980660286 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: SUITE 3613, 36/F, TWO PACIFIC PLACE STREET 2: 88 QUEENSWAY ROAD CITY: N/A STATE: K3 ZIP: NA BUSINESS PHONE: 6508543927 MAIL ADDRESS: STREET 1: SUITE 3613, 36/F, TWO PACIFIC PLACE STREET 2: 88 QUEENSWAY ROAD CITY: N/A STATE: K3 ZIP: NA FORMER COMPANY: FORMER CONFORMED NAME: Sequoia Capital 2010 CV Holdco Ltd. DATE OF NAME CHANGE: 20140516 SC 13D/A 1 d895289dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

 

 

TUNIU CORPORATION

(Name of Issuer)

Class A Ordinary Shares, $0.0001 par value per share

(Title of Class of Securities)

89977P106

(CUSIP Number)

HSG 2010 CV Holdco, Ltd.

3613, 36/F

Two Pacific Place

88 Queensway

Hong Kong, PRC

Attention: Neil Nanpeng Shen

Telephone: (852) 2501 8989

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

with copies to:

Craig Marcus

Ropes & Gray LLP

800 Boylston Street

Boston, Massachusetts 02199

(617) 951-7802

November 29, 2023

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

 

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 89977P106    SCHEDULE 13D    Page 2 of 11

 

  1.    

  Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)

 

  HSG 2010 CV Holdco, Ltd.

  IRS Identification No. 98-0660286

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  OO

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  0

     8.   

  Shared Voting Power

 

  15,575,316

     9.   

  Sole Dispositive Power

 

  0

   10.   

  Shared Dispositive Power

 

  15,575,316

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,575,316

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

   4.4%

14.  

  Type of Reporting Person (See Instructions)

 

  OO

 


CUSIP No. 89977P106    SCHEDULE 13D    Page 3 of 11

 

  1.    

  Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)

 

  HongShan Capital Venture 2010 Fund, L.P.

  IRS Identification No. 98-0678098

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  OO

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  0

     8.   

  Shared Voting Power

 

  15,575,316

     9.   

  Sole Dispositive Power

 

  0

   10.   

  Shared Dispositive Power

 

  15,575,316

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,575,316

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

   4.4%

14.  

  Type of Reporting Person (See Instructions)

 

  PN

 


CUSIP No. 89977P106    SCHEDULE 13D    Page 4 of 11

 

  1.    

  Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)

 

  HSG Venture 2010 Management, L.P.

  IRS Identification No. 98-0678096

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  OO

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  0

     8.   

  Shared Voting Power

 

  15,575,316

     9.   

  Sole Dispositive Power

 

  0

   10.   

  Shared Dispositive Power

 

  15,575,316

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,575,316

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

   4.4%

14.  

  Type of Reporting Person (See Instructions)

 

  PN

 


CUSIP No. 89977P106    SCHEDULE 13D    Page 5 of 11

 

  1.    

  Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)

 

  HSG Holding Limited

  IRS Identification No. – N/A

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  OO

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  0

     8.   

  Shared Voting Power

 

  15,575,316

     9.   

  Sole Dispositive Power

 

  0

   10.   

  Shared Dispositive Power

 

  15,575,316

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,575,316

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

   4.4%

14.  

  Type of Reporting Person (See Instructions)

 

  OO

 


CUSIP No. 89977P106    SCHEDULE 13D    Page 6 of 11

 

  1.    

  Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)

 

  SNP China Enterprises Limited

  IRS Identification No. – N/A

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  OO

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  British Virgin Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  0

     8.   

  Shared Voting Power

 

  15,575,316

     9.   

  Sole Dispositive Power

 

  0

   10.   

  Shared Dispositive Power

 

  15,575,316

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,575,316

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

   4.4%

14.  

  Type of Reporting Person (See Instructions)

 

  OO


CUSIP No. 89977P106    SCHEDULE 13D    Page 7 of 11

 

  1.    

  Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)

 

  Neil Nanpeng Shen

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  OO

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  Hong Kong SAR

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  0

     8.   

  Shared Voting Power

 

  15,575,316

     9.   

  Sole Dispositive Power

 

  0

   10.   

  Shared Dispositive Power

 

  15,575,316

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,575,316

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

   4.4%

14.  

  Type of Reporting Person (See Instructions)

 

  IN


Except as set forth in this Amendment No. 5 (this “Amendment”), the Schedule 13D as initially filed on May 19, 2014, amended by Amendment No. 1 thereto on January 12, 2015, Amendment No. 2 thereto on May 18, 2015, Amendment No. 3 thereto on May 27, 2015 and Amendment No. 4 thereto on January 26, 2016 remains in effect, and capitalized terms used herein but not defined herein have such respective meanings, as defined in such Schedule 13D. The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant. The information set forth in the Exhibits attached hereto and to the initial Schedule 13D filing is expressly incorporated herein by reference and the response to each Item of this Statement is qualified in its entirety by the provisions of such Exhibits.

 

ITEM 2.

INTEREST IN SECURITIES OF THE ISSUER.

The first sentence of Item 2(a) is hereby amended and restated in its entirety to reflect changes in the names of certain of the Reporting Persons:

(a) This Statement is being jointly filed by the following persons (each a “Reporting Person” and collectively, the “Reporting Persons”): (1) HSG 2010 CV Holdco, Ltd., a Cayman Islands limited liability company (“SC CV HOLD”); (2) HongShan Capital Venture 2010 Fund, L.P., a Cayman Islands exempted limited partnership (“SCC Venture”); (3) HSG Venture 2010 Management, L.P., a Cayman Islands exempted limited partnership (“SCC MGMT”); (4) HSG Holding Limited, a Cayman Islands limited liability company (“SCC HOLD”); (5) SNP China Enterprises Limited, a British Virgin Islands limited liability company (“SNP”); and (6) Neil Nanpeng Shen, a Hong Kong SAR citizen.

 

ITEM 5.

INTEREST IN SECURITIES OF THE ISSUER.

Paragraphs (a), (c) and (e) of Item 5 are hereby amended and restated in their entirety as follows:

(a) The aggregate number of Class A Shares and the percentage of total outstanding Class A Shares beneficially owned by the Reporting Persons is set forth below. References to percentage ownerships of Class A Shares in this Statement are based upon the 354,006,112 Class A Shares outstanding as of December 31, 2022, as reported by the Company in its annual report on Form 20-F for the year ended December 31, 2022, filed with the Securities and Exchange Commission on April 27, 2023. The Reporting Persons may be deemed to beneficially own an aggregate of 15,575,316 Class A Shares (in the form of 5,191,772 ADSs), which constitutes approximately 4.4% of the Company’s Class A Shares, calculated in accordance with Rule 13d-3 under the Act. The filing of this Statement shall not be construed as an admission that a Reporting Person beneficially owns those shares held by any other Reporting Person.

SC CV HOLD beneficially owns 15,575,316 Class A Shares (in the form of 5,191,772 ADSs), which represents approximately 4.4% of the outstanding Class A Shares calculated in accordance with the requirements of Rule 13d-3 under the Act.

SCC Venture, as the parent company of SC CV HOLD, may be deemed to beneficially own 15,575,316 Class A Shares (in the form of 5,191,772 ADSs), which represents approximately 4.4% of the outstanding Class A Shares calculated in accordance with the requirements of Rule 13d-3 under the Act.

SCC MGMT, as the general partner of SCC Venture, may be deemed to beneficially own an aggregate of 15,575,316 Class A Shares (in the form of 5,191,772 ADSs), which represents approximately 4.4% of the outstanding Class A Shares calculated in accordance with the requirements of Rule 13d-3 under the Act.

SCC HOLD, as the general partner of SCC MGMT, may be deemed to beneficially own an aggregate of 15,575,316 Class A Shares (in the form of 5,191,772 ADSs), which represents approximately 4.4% of the outstanding Class A Shares calculated in accordance with the requirements of Rule 13d-3 under the Act.


SNP, which is the parent company of SCC HOLD, may be deemed to beneficially own an aggregate of 15,575,316 Class A Shares (in the form of 5,191,772 ADSs), which represents approximately 4.4% of the outstanding Class A Shares calculated in accordance with the requirements of Rule 13d-3 under the Act.

Neil Nanpeng Shen, who wholly owns and is the sole director of SNP, may be deemed to beneficially own an aggregate of 15,575,316 Class A Shares (in the form of 5,191,772 ADSs), which represents approximately 4.4% of the outstanding Class A Shares calculated in accordance with the requirements of Rule 13d-3 under the Act.

By virtue of the relationship described herein, the Reporting Persons may be deemed to constitute a “group” for purposes of Rule 13(d)(3) of the Act. The filing of this Statement shall not be construed as an admission that a Reporting Person beneficially owns those shares held by any other member of the group. In addition, each Reporting Person expressly disclaims beneficial ownership of any securities reported herein except to the extent such Reporting Person actually exercises voting or dispositive power with respect to such securities.

(c) All transactions in the Class A Shares effected by the Reporting Persons during the past sixty days are set forth in Exhibit 5 attached hereto and incorporated herein by reference.

(e) The Reporting Persons have ceased to be the beneficial owner of more than five percent of the Class A Shares.

 

ITEM 7.

MATERIAL TO BE FILED AS EXHIBITS.

Item 7 is amended and supplemented by adding the following:

 

Exhibit

  

Description

5.    Transactions Effected in the Last Sixty Days


SIGNATURES

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct.

Dated: December 1, 2023

 

HSG 2010 CV HOLDCO, LTD.

/s/ Eva Siu Wai Ip

Name:

Title:

 

Eva Siu Wai Ip

Authorized Signatory

HONGSHAN CAPITAL VENTURE 2010 FUND, L.P.
By:   HSG Venture 2010 Management, L.P.

A Cayman Islands exempted limited partnership,

Its General Partner

By:   HSG Holding Limited

A Cayman Islands limited liability company

Its General Partner

/s/ Eva Siu Wai Ip

Name:   Eva Siu Wai Ip
Title:   Authorized Signatory


HSG VENTURE 2010 MANAGEMENT, L.P.
By:   HSG Holding Limited

A Cayman Islands limited liability company

Its General Partner

/s/ Eva Siu Wai Ip

Name:   Eva Siu Wai Ip
Title:   Authorized Signatory
HSG HOLDING LIMITED

/s/ Eva Siu Wai Ip

Name:   Eva Siu Wai Ip
Title:   Authorized Signatory
SNP CHINA ENTERPRISES LIMITED

/s/ Neil Nanpeng Shen

Name:   Neil Nanpeng Shen
Title:   Authorized Signatory
NEIL NANPENG SHEN

/s/ Neil Nanpeng Shen

Name:   Neil Nanpeng Shen
EX-5 2 d895289dex5.htm EX-5 EX-5

EXHIBIT 5

Transactions Effected in the Last Sixty Days

All of the below transactions in the Common Stock were traded in ordinary course brokerage transactions.

 

Transaction Date

   Transaction Type      Amount of Securities      Price Per Share  

11/30/2023

     Sale        17095      $ 0.90 (1)  

11/29/2023

     Sale        9016      $ 0.89 (2)  

11/28/2023

     Sale        156449      $ 0.90 (3)  

11/27/2023

     Sale        91858      $ 0.90 (4)  

11/24/2023

     Sale        36401      $ 0.92 (5)  

11/22/2023

     Sale        13784      $ 0.99 (6)  

11/21/2023

     Sale        18983      $ 1.09 (7)  

11/20/2023

     Sale        31065      $ 1.03 (8)  

11/17/2023

     Sale        12700      $ 1 (9)  

11/16/2023

     Sale        2221      $ 0.94 (10)  

11/15/2023

     Sale        32092      $ 0.95 (11)  

11/14/2023

     Sale        15246      $ 0.9 (12)  

11/13/2023

     Sale        1996      $ 0.85 (13)  

11/10/2023

     Sale        5045      $ 0.83 (14)  

11/9/2023

     Sale        4707      $ 0.85 (15)  

11/8/2023

     Sale        11600      $ 0.89 (16)  

11/7/2023

     Sale        8674      $ 0.88 (17)  

11/6/2023

     Sale        30378      $ 0.87 (18)  

11/3/2023

     Sale        8480      $ 0.84 (19)  

11/2/2023

     Sale        6829      $ 0.82 (20)  

11/1/2023

     Sale        2138      $ 0.83 (21)  

10/31/2023

     Sale        2638      $ 0.86 (22)  

10/30/2023

     Sale        6568      $ 0.86 (23)  

10/27/2023

     Sale        5384      $ 0.81 (24)  

10/26/2023

     Sale        9592      $ 0.78 (25)  

10/25/2023

     Sale        33445      $ 0.78 (26)  

10/24/2023

     Sale        14010      $ 0.88 (27)  

10/23/2023

     Sale        4491      $ 0.89 (28)  

10/20/2023

     Sale        16013      $ 0.89 (29)  

10/19/2023

     Sale        7391      $ 0.93 (30)  

10/18/2023

     Sale        13900      $ 1.01 (31)  

10/17/2023

     Sale        2477      $ 1.03 (32)  

10/16/2023

     Sale        3200      $ 1.03 (33)  

10/13/2023

     Sale        2300      $ 1.04 (34)  

10/12/2023

     Sale        4371      $ 1.03 (35)  

10/11/2023

     Sale        7381      $ 1.07 (36)  

10/10/2023

     Sale        22636      $ 1.05 (37)  

10/9/2023

     Sale        13341      $ 1.07 (38)  

10/6/2023

     Sale        9253      $ 1.06 (39)  


10/5/2023

     Sale        7614      $ 1.08 (40)  

10/4/2023

     Sale        4000      $ 1.1 (41)  

10/3/2023

     Sale        9289      $ 1.12 (42)  

10/2/2023

     Sale        11307      $ 1.19 (43)  

 

(1)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.89 to $0.92. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(2)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.88 to $0.91. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(3)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.89 to $0.93. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(4)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.89 to $0.93. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(5)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.89 to $1.01. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(6)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.95 to $1.05. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(7)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.06 to $1.14. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(8)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.98 to $1.06. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(9)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.95 to $1.02. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(10)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.93 to $0.98. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(11)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.88 to $0.97. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(12)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.87 to $0.92. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

 

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(13)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.84 to $0.86. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(14)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.83 to $0.86. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(15)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.84 to $0.89. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(16)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.87 to $0.89. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(17)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.82 to $0.91. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(18)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.83 to $0.92. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(19)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.82 to $0.85. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(20)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.81 to $0.83. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(21)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.82 to $0.86. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(22)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.85 to $0.90. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(23)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.82 to $0.88. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(24)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.79 to $0.82. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(25)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.73 to $0.82. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(26)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.73 to $0.85. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

 

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(27)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.86 to $0.94. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(28)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.87 to $0.90. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(29)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.86 to $0.91. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(30)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.91 to $0.98. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(31)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.97 to $1.04. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(32)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.02 to $1.04. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(33)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.01 to $1.07. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(34)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.03 to $1.06. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(35)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.02 to $1.10. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(36)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.03 to $1.10. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(37)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.98 to $1.08. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(38)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.03 to $1.09. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(39)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.10 to $1.12. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(40)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.07 to $1.09. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

 

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(41)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.08 to $1.11. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(42)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.10 to $1.14. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

(43)

The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.16 to $1.22. The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

 

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