Hantro Director Clause Samples

Hantro Director. Upon the execution of this Agreement, either Nexit Ventures Oy or Atine Group Oyj, in their individual capacities as major stockholders of Hantro, receiving a substantial number of Exchange Shares, shall have the right to designate one individual to be nominated as an independent director by the Company for election to the Company’s Board of Directors as provided in Section 9.5 (the “Hantro Director”), such election to occur at the Company's Stockholder Meeting, and to be effective upon the Closing together with (a) evidence, reasonably satisfactory to the Company, that such individual satisfies the standards for director independence promulgated by the Principal Trading Market and (b) a completed director’s questionnaires in the standard form submitted by the Company to the other members of its Board of Directors.