Common use of Appointment of Proxy Clause in Contracts

Appointment of Proxy. Finder hereby irrevocably appoints Proxy, as proxy, with full power of substitution, and hereby authorizes him to represent him and vote the Shares on all matters pertaining to the operation of the Company, as such rights are defined in the operating documents of the Company, as now existing or may be amended, including, but not limited to the election of the Board of Directors of the Company at the annual meeting of shareholders. This appointment will terminate upon the sale of the Shares by Finder to a non-affiliate, non-insider or relative of the Finder which sale will not be consummated for the purpose of terminating this appointment.

Appointment of Proxy. Finder Lender hereby irrevocably appoints Proxy, as proxy, with full power of substitution, and hereby authorizes him to represent him and vote the Shares on all matters pertaining to the operation of the Company, as such rights are defined in the operating documents of the Company, as now existing or may be amended, including, but not limited to the election of the Board of Directors of the Company at the annual meeting of shareholders. This appointment will terminate upon the sale of the Shares by Finder Lender to a non-affiliate, non-insider or relative of the Finder Lender, which sale will not be consummated for the purpose of terminating this appointment.