Corporate Governance Practice. (a) Each of the Parties hereby agrees and undertakes that, following the Closing, it or he or she (as the case may be) shall fully comply with, and shall cause to be complied with, all of the corporate governance policies, procedures, rules and requirements of AAAC adopted or to be adopted from time to time by the Board (collectively, the "Corporate Governance Rules"), including but not limited to those set forth in Schedule H attached hereto. (b) After the Closing Date, AAAC agrees not to sign a letter of intent, or other agreement with any third Person regarding a sale of the shares, assets or other interest in such Person or a business combination with such third Person.
Appears in 5 contracts
Samples: Equity Acquisition Agreement, Equity Acquisition Agreement (Asia Automotive Acquisition Corp.), Equity Acquisition Agreement (Tongxin International, Ltd.)
