13G Filing: Sabby Capital and Check Cap Ltd (CHEK)

(iv)
Shared power to dispose or to direct the disposition of
1,431,369
.As calculated in accordance with Rule 13d-3 of the Securities Exchange Act
of 1934, as amended, (i) Sabby Healthcare Master Fund, Ltd. and
Sabby Volatility Master Fund, Ltd. beneficially own 756,619 and 674,750
shares of the Issuer’s Ordinary Shares (Ordinary Shares), respectively,
representing approximately 4.46% and 3.97% of the Ordinary Shares,
respectively, and (ii) Sabby Management, LLC and Hal Mintz each beneficially
own 1,431,369 shares of the Ordinary Shares, representing approximately 8.43%
of the Ordinary Shares. Sabby Management, LLC and Hal Mintz do not directly own
any shares of Ordinary Shares, but each indirectly owns 1,431,369 shares of
Ordinary Shares. Sabby Management, LLC, a Delaware limited liability company,
indirectly owns 1,431,369 shares of Ordinary Shares because it serves as the
investment manager of Sabby Healthcare Master Fund, Ltd. and
Sabby Volatility Warrant Master Fund, Ltd., Cayman Islands companies.
Mr. Mintz indirectly owns 1,431,369 shares of Ordinary Shares in his capacity
as manager of Sabby Management, LLC.