Common use of Board of Directors of Caza Clause in Contracts

Board of Directors of Caza. Immediately following the Effective Time, the Caza Board shall be reconstituted through the resignations of all existing directors of Caza and the appointment of the Offeror nominees in their stead. Caza shall, in accordance with the foregoing and subject to the provisions of the Act, assist the Offeror to secure the resignations of such directors of Caza to be effective at such time as may be required by the Offeror and to cause the appointment of the Offeror nominees to fill the vacancies so created in order to effect the foregoing without the necessity of a shareholders’ meeting.