Board of Directors of PubCo. Upon and immediately following the Effective Time, PubCo’s board of directors shall consist of five (5) directors, three (3) of whom shall be independent directors under Nasdaq rules. Sponsor shall have the right, but not the obligation, to designate, or cause to be designated, one (1) director to serve as a director of PubCo until the earlier of (i) the second anniversary of Closing, or (ii) the second annual shareholder meeting of the PubCo that takes place after the Effective Time, and the Company shall have the right, but not the obligation, to designate, or cause to be designated, the remaining directors. In the event that Sponsor designates one (1) director, then the Shareholder will enter into a voting agreement with Sponsor pursuant to which they shall agree to vote their Purchaser Ordinary Shares in favor of such designee’s nomination to the PubCo’s board of directors for no less than two years after the Closing.
Board of Directors of PubCo. Immediately after the Acquisition Merger Effective Time, PubCo’s board of directors shall consist of five (5) directors, including three (3) directors designated by the Company prior to the Closing, at least one (1) of whom shall be an independent director, and two (2) independent directors designated by SPAC.
Board of Directors of PubCo. Immediately after the SPAC Merger Effective Time, PubCo’s board of directors shall consist of directors and independent directors designated by DoubleDragon; provided, however, the composition of such board of directors shall comply with the requirements of SEC and Nasdaq.
Board of Directors of PubCo. On or prior to the Closing Date, the board of directors of Pubco will adopt resolutions appointing the individuals named in Schedule 9 hereto (or as otherwise indicated to Pubco by Priveco) to the board of directors of Pubco and accepting the resignation of Xxxx Xxxxxxxxxx from the board of directors of Pubco, which appointments and resignation will be effective on Closing, and the Information Statement on Schedule 14F-1 to be filed by Pubco with the SEC in connection with the Closing of the Transactions shall have been filed by Pubco at least ten (10) days prior to the Closing Date.
Board of Directors of PubCo. The board of directors of Pubco, after the Effective Time, shall consist of the five (5) members of the board of directors of the Surviving Corporation, all of whom are set forth on Exhibit B attached hereto. In order to effect the appointment of such directors, all but one of Pubco’s directors shall resign at the Effective Time, and the sole remaining director shall elect the five (5) individuals listed on Exhibit B to Pubco’s Board of Directors, immediately prior to his resignation. Pubco’s board of directors, after the Effective Time, shall include at least three (3) independent directors.
