Everbright’s Nomination Right Clause Samples

Everbright’s Nomination Right. So long as Everbright, together with its Affiliates, continues to qualify as a Major Investor, Everbright shall have the right to designate one (1) individual for nomination and election to the Board to represent the holders of the Convertible Notes and to remove such person from the Board (the “Everbright Director”). The Everbright Director shall be entitled to appoint an alternate to serve in his/her stead at any Board meeting. The Everbright Director has the right to be a member of any committee(s) of the Board. Effective as of the Closing, He Ling shall be appointed as the initial Everbright Director.