Common use of Board Composition and Board Designations Clause in Contracts

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the requirements, if any, of the OTC Bulletin Board or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the requirements, if any, listing requirements of the OTC Bulletin Board NYSE, the NYSE MKT, NASDAQ or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the requirements, if any, listing requirements of the OTC Bulletin Board AMEX, NASDAQ or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the requirements, if any, listing requirements of the OTC Bulletin Board NYSE, the NYSE MKT, NASDAQ or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the requirements, if any, listing requirements of the OTC Bulletin Board NYSE, the NYSE American, NASDAQ or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a an “audit committee financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the applicable provisions of the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the requirements, if any, listing requirements of the OTC Bulletin Board NASDAQ or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the requirements, if any, listing requirements of the OTC Bulletin Board NYSE Amex, NASDAQ or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 SOX and the rules promulgated thereunder and with the requirements, if any, listing requirements of NASDAQ (including compliance in accordance with any phase-in period as a result of the OTC Bulletin Board Offering) or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 SOX and the rules promulgated thereunder.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members of the Board of Directors and the overall composition of the board Board comply with the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the requirements, if any, listing rules of the OTC Bulletin Board Nasdaq Stock Market LLC or any other national securities exchange or national securities associationexchange, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board Audit Committee of directors the Board of Directors qualifies as a “financial expert,” as such term is defined under the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunderthereunder and the listing rules of the Nasdaq Stock Market LLC.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the SxxxxxxxSarbaxxx-Xxxxx Act Xxx of 2002 and the rules promulgated thereunder and with the requirements, if any, listing requirements of the OTC Bulletin Board NYSE, the NYSE MKT, NASDAQ or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the SxxxxxxxSarbaxxx-Xxxxx Act Xxx of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the requirements, if any, listing requirements of the OTC Bulletin Board NYSE Amex, NASDAQ or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the requirements, if any, listing requirements of the OTC Bulletin Board Amex, NASDAQ or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the requirementslisting requirements of , if any, of the OTC Bulletin Board NASDAQ Global Market or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. The Company shall ensure that: (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the requirements, if any, listing requirements of the OTC Bulletin Board NASDAQ Capital Market or any other national securities exchange or national securities association, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.