Common use of Designation of Directors Clause in Contracts

Designation of Directors. The two (2) Chicago designees to the Company’s Board of Directors described above (each a “Chicago Designee”) shall be designated by Rxxxxx Chez, or his affiliates or designee (“Chicago Investor”). The one (1) New York designee to the Company’s Board of Directors described above (the “New York Designee”, and collectively with the Chicago Designees, the “Designees”) shall be designated by Axxxxx Xxxx or his designee (“New York Investor”). The one (1) Bxxxxxxx designee to the Company’s Board of Directors described above (the “Bxxxxxxx Designee”, and collectively with the Chicago Designees and the New York Designee, the “Designees”) shall be designated by Dxxxxxx X. Xxxxxxxx or his designee (“Bxxxxxxx”). Each Designee must be eligible under applicable law and regulations of Nasdaq and FINRA to serve on the Board, provided however, that the Designees shall not be required to be “independent” under Nasdaq Listing Rules.

Designation of Directors. The two (2) Chicago designees to the Company’s 's Board of Directors described above (each a “Chicago Designee”"CHICAGO DESIGNEE") shall be designated by Rxxxxx Xxxxxx Chez, or his affiliates or designee (“Chicago Investor”"CHICAGO INVESTOR"). The one (1) New York designee to the Company’s 's Board of Directors described above (the “New York Designee”"NEW YORK DESIGNEE", and collectively with the Chicago Designees, the “"Designees”") shall be designated by Axxxxx Xxxxxx Xxxx or his designee (“New York Investor”"NEW YORK INVESTOR"). The one (1) Bxxxxxxx Xxxxxxxx designee to the Company’s 's Board of Directors described above (the “Bxxxxxxx Designee”"XXXXXXXX DESIGNEE", and collectively with the Chicago Designees and the New York Designee, the “Designees”"DESIGNEES") shall be designated by Dxxxxxx Xxxxxxx X. Xxxxxxxx or his designee (“Bxxxxxxx”"XXXXXXXX"). Each Designee must be eligible under applicable law and regulations of Nasdaq and FINRA to serve on the Board, provided however, that -------- ------- the Designees shall not be required to be “"independent” " under Nasdaq Listing Rules.

Designation of Directors. The two (2) Chicago designees to the Company’s 's Board of Directors described above (each a “Chicago Designee”"CHICAGO DESIGNEE") shall be designated by Rxxxxx Xxxxxx Chez, or his affiliates or designee (“Chicago Investor”"CHICAGO INVESTOR"). The one (1) New York designee to the Company’s 's Board of Directors described above (the “New York Designee”"NEW YORK DESIGNEE", and collectively with the Chicago Designees, the “"Designees”") shall be designated by Axxxxx Xxxxxx Xxxx or his designee (“New York Investor”"NEW YORK INVESTOR"). The one (1) Bxxxxxxx Xxxxxxxx designee to the Company’s 's Board of Directors described above (the “Bxxxxxxx Designee”"XXXXXXXX DESIGNEE", and collectively with the Chicago Designees and the New York Designee, the “Designees”"DESIGNEES") shall be designated by Dxxxxxx Xxxxxxx X. Xxxxxxxx or his designee (“Bxxxxxxx”"Xxxxxxxx"). Each Designee must be eligible under applicable law and regulations of Nasdaq and FINRA to serve on the Board, provided provided, however, that the Designees shall not be required to be “"independent” " under Nasdaq Listing Rules.

Designation of Directors. The two (2) Chicago designees to the Company’s Board of Directors described above (each a “Chicago Designee”) shall be designated by Rxxxxx Xxxxxx Chez, or his affiliates or designee (“Chicago Investor”). The one (1) New York designee to the Company’s Board of Directors described above (the “New York Designee”, and collectively with the Chicago Designees, the “Designees”) shall be designated by Axxxxx Xxxxxx Xxxx or his designee (“New York Investor”). The one (1) Bxxxxxxx Xxxxxxxx designee to the Company’s Board of Directors described above (the “Bxxxxxxx Xxxxxxxx Designee”, and collectively with the Chicago Designees and the New York Designee, the “Designees”) shall be designated by Dxxxxxx Xxxxxxx X. Xxxxxxxx or his designee (“BxxxxxxxXxxxxxxx”). Each Designee must be eligible under applicable law and regulations of Nasdaq and FINRA to serve on the Board, provided however, that the Designees shall not be required to be “independent” under Nasdaq Listing Rules.