Director Resignation. Prior to the Closing, all of the directors and officers of the Company shall have submitted their resignations to Company to be held in escrow and to become effective at the Closing.
Appears in 4 contracts
Samples: Share Exchange Agreement (Best Medical Treatment Group Inc), Share Exchange Agreement (Davin Enterprises Inc), Share Exchange Agreement (Creative Master International Inc)
Director Resignation. Prior to the Closing, all but one of the directors and officers of the Company shall have submitted their resignations to Company to be held in escrow and to become effective at the Closing.
Appears in 2 contracts
Samples: Share Exchange Agreement (Sino Mart Management LTD), Share Exchange Agreement (Pacific Net Com Inc)
Director Resignation. Prior to the Closing, all of the directors and officers of the Company shall have submitted their contingent resignations to Company Xxxxxx Xxxxxx, to be held in escrow and to become effective at the Closing. All resignations shall contain a statement that each of the directors and officers release any all claims, for salaries, benefits or otherwise, against the Company. Before the resignations take effect, if required by DIL, the directors shall cause such persons nominated by DIL to become new directors of the Company.
Appears in 1 contract
Director Resignation. Prior to the Closing, all bust one of the directors and officers of the Company shall have submitted their resignations to Company to be held in escrow and to become effective at the Closing.
Appears in 1 contract
Samples: Share Exchange Agreement (Creative Master International Inc)
