Directors and Officers of the SPAC Merger Surviving Corporation. At the SPAC Merger Effective Time, each of the directors and officers of SPAC immediately prior to the SPAC Merger Effective Time shall cease to hold office, and the parties shall cause the initial board of directors and officers of SPAC Merger Surviving Corporation to be comprised of those individuals determined by the Company prior to the SPAC Merger Effective Time, each to hold office in accordance with the Organizational Documents of the SPAC Merger Surviving Corporation until they are removed or resign in accordance with the Organizational Documents of the SPAC Merger Surviving Corporation or until their respective successors are duly elected or appointed and qualified.
Directors and Officers of the SPAC Merger Surviving Corporation. As of the SPAC Merger Effective Time, the Shareholders’ Representative shall be the sole member of the board of directors of the SPAC Merger Surviving Corporation.
