Pubco Board of Directors. The current directors of Pubco will adopt resolutions appointing Xxxx Xxxxxxx, Wennan Li, Xxx Xxx and Xxxxxx Xxxx to the board of directors of Pubco and will accept the resignation of Xxxxxx XxXxxxxx, which appointment and resignation will be effective on Closing or, if applicable, ten days after the filing of a Schedule 14f-1 in connection with the Transaction. If applicable, Pubco will prepare and file a Schedule 14f-1 information statement with the SEC as required under the Exchange Act in connection with the change of directors arising in connection with the completion of the Transaction.
Pubco Board of Directors. The current directors of Pubco will adopt resolutions appointing Rock Xxxxxxxxxx, Xxxx Xxxxxxxxxx, and M. Xxxx Xxxxxxxxxx to the Board of Directors of Pubco and will accept the resignation of Xxxxxx Xxxxx as director and officer of Pubco, which appointments and resignation will be effective on Closing.
Pubco Board of Directors. Immediately upon the Closing, the current directors of Pubco will adopt resolutions appointing a new director to the board of directors for Pubco being David Salari.
Pubco Board of Directors. Prior to the Closing Date, Pubco will maintain the effectiveness of the Schedule 14f-1 information statement that was filed with the SEC on February 14, 2006 as such information statement is required under the Exchange Act to effect the appointment of Xxxx Xxxxx Bellenson and Xxxxxxx Xxxxx to the board of directors of Pubco at Closing.
Pubco Board of Directors. The current directors of Pubco will adopt resolutions appointing six nominees of Priveco to the Board of Directors of Pubco, which appointments will be effective on Closing.
Pubco Board of Directors. Each of the Company and SPAC shall take, or cause to be taken, the actions set forth in this Section 9.11 prior to the Closing:
(a) Pubco and SPAC shall (i) cause each Person serving and not continuing as a member of the board of directors of Pubco and SPAC to resign from such position, effective upon the Effective Time, and (ii) elect, appoint or otherwise cause Persons designated on Schedule 9.11 to comprise the entire board of directors of Pubco, effective upon the Effective Time; provided, that the board of directors as so constituted shall comply with applicable rules concerning director independence required by the SEC and the rules and listing standards of NASDAQ and any other Laws or requirements of a Governmental Authority applicable to members of the board of directors of the Company.
(b) Pubco and SPAC shall (i) cause each Person serving and not continuing as an officer of Pubco and SPAC to resign from such position, effective upon the Effective Time, and (ii) appoint or otherwise cause to be appointed each Person serving as an officer of the Company immediately prior to the Effective Time as a corresponding officer of Pubco, effective upon the Effective Time.
(c) Each of Pubco and SPAC shall cause such Persons to, and such Persons shall, comply and cooperate with and satisfy all requests and requirements made by any Governmental Authority in connection with the foregoing, including by furnishing all requested information, providing reasonable assistance in connection with the preparation of any required applications, notices and registrations and requests and otherwise facilitating access to and making individuals available with respect to any discussions or hearings. In the event an individual designated in accordance with Section 9.11(a) does not satisfy any requirement of a Governmental Authority to serve as a director then there shall be no obligation to appoint such individual in accordance with Section 9.11(a).
Pubco Board of Directors. The sole director of Pubco shall adopt resolutions appointing Zxxxx Konević to the board of directors of Pubco effective at the Closing.
Pubco Board of Directors. The current directors of Pubco will adopt resolutions appointing two nominees of ARC Investment Partners LLC, Wennan Li, Xxx Xxx and Xxxxxx Xxxx to the Board of Directors of Pubco and will accept the resignation of Xxxxxx XxXxxxxx, which appointment and resignation will be effective on Closing or, if applicable, ten days after the filing of a Schedule 14f-1 in connection with the Transaction. If applicable, Pubco will prepare and file a Schedule 14f-1 information statement with the SEC as required under the Exchange Act in connection with the change of directors arising in connection with the completion of the Transaction.
Pubco Board of Directors. The current director of Pubco will adopt resolutions increasing the size of the Pubco board of directors to five members and appointing two directors designated by the Selling Shareholders and three directors designated by the current director, which appointments will be effective on Closing or, if applicable, ten days after the filing of a Schedule 14f-1 in connection with the Transaction. If applicable, Pubco will prepare and file a Schedule 14f-1 information statement with the SEC as required under the Exchange Act in connection with the change of directors arising in connection with the completion of the Transaction.
Pubco Board of Directors. Immediately following execution of this Agreement, Pubco will undertake all acts to appoint Xxxxxxxx and Xxxxx Xxxxxxx as executive officers and directors of Pubco. At Closing, the board of directors of Pubco will consist of Xxxxxxxx and Xxxxx Xxxxxxx. Pubco will prepare and file a Schedule 14f-1 information statement with the SEC as required under the Exchange Act in connection with the change of directors arising in connection with the completion of the Transaction.
