Change of Auditor. As soon as possible following the Closing, but no later than ninety (90) days after the Closing Date, the Company shall use its best efforts to retain a new auditing firm that is PCAOB certified and has experience in US GAAP financials, who shall be mutually acceptable to the Company and the Placement Agent. Notwithstanding the foregoing, the Placement Agent shall not unreasonably withhold approval of the auditing firm identified by the Company.
Change of Auditor. On the Closing Date, Trade Link shall dismiss Xxxxxx X. Xxxxxxxx, P.C. as its certified independent auditor (“Auditor”) and appoint Xxx, Xxx & Co., LLP as its new Auditor.
Change of Auditor. One the Closing Date, Purden Lake shall dismiss Xxxxxxxxx Xxxxxxx, LLP as its certified independent auditor (“Auditor”) and appoint PKF International as its new Auditor.
Change of Auditor. Upon any TSYS change of independent auditor acting as SAS 70 Auditor, TSYS shall provide Capital One written notice of such change as soon as it may legally do so. Any replacement SAS 70 Auditor shall be a nationally (United States) recognized auditing firm.
Change of Auditor. On the Closing Date, Eco Building shall dismiss Xxxxxx Xxxxxxx, CPA as its certified independent auditor (“Auditor”) and appoint KCCW Accountancy Corp. as its new Auditor.
Change of Auditor. Xxxxx Xxxxxxxx resigned as auditor of the Group with effect from 5 May 2008 and the Board appointed Deloitte Touche Tohmatsu on 6 May 2008 as auditor of the Group to fill the vacancy arising from the resignation of Xxxxx Xxxxxxxx, as the Company wants to obtain better international support and more auxiliary services to the Group to cope with its future business development. Deloitte Touche Tohmatsu holds office until the conclusion of the next annual general meeting of the Company. Xxxxx Xxxxxxxx confirmed that there were no circumstances connected with its resignation which it considered should be brought to the attention of the shareholders or creditors of the Group.
Change of Auditor. For so long as Vision Opportunity China or any of its affiliates hold five percent (5%) of the aggregate total number of shares of Common Stock of the Company on a fully diluted basis (which shall include all Conversion Shares but not Warrant Shares), Vision Opportunity China may request that the Company change its auditor. Within sixty (60) days of the receipt of such request, the Company shall change its auditor to an auditor acceptable to Vision Opportunity China and one of the top 25 audit firms in the US. In the event that the Company fails to change auditors within the sixty (60) day time frame provided in this Section, the Company shall pay to each Purchaser, an amount in cash, as partial liquidated damages and not as a penalty, equal to 0.5% of the aggregate purchase price paid by such Purchaser pursuant to this Agreement on the date of the expiration of the sixty (60) day period provided in this Section and an additional 0.5% of the aggregate purchase price paid for each thirty (30) day period that this Section is not complied with. Liquidated damages payable by the Company pursuant to this Section shall be payable on the first (1st) business day of each thirty (30) day period that the terms of this Section are not complied with, provided, however, that such liquidated damages shall not exceed 10% of the aggregate purchase price paid by the Purchasers. Any liquidated damages payable under this Section 3.31 may be paid, upon the Purchaser’s request, from any cash held pursuant to the Investor and Public Relations Escrow Agreement. Notwithstanding the foregoing, such request shall not be made prior to the earlier of: (i) the date which is twelve (12) months following the Closing Date; and (ii) the consummation of an offering of the Company’s Common Stock of at least $5,000,000.
Change of Auditor. On the Closing Date, Cxxx Xxx shall dismiss BX Xxxxxxx CPA P.C. as its certified independent auditor (“Auditor”) and appoint JLKZ CPA LLP as its new Auditor.
Change of Auditor. On the Closing Date, NewEra shall dismiss Patrizio & Zhao, LLP as its certified independent auditor (“Auditor”) and appoint Xxxxxxxx, LLP as its new Auditor.
Change of Auditor. The Company covenants and agrees that within 270 days following the Closing Date, it will change its independent public accounting firm to one of the top ten public accounting firms.
