Common use of Qualifications and Number Clause in Contracts

Qualifications and Number. A director need not be a stockholder, a citizen of the United States, or a resident of the State of Nevada. The initial Board of Directors shall not consist of less than 1 (one) person. Thereafter, the number of directors may be increased or decreased from time to time by action of the stockholders or of the directors.

Appears in 3 contracts

Samples: Independent Director Agreement (Asiafin Holdings Corp.), Independent Director Agreement (Asiafin Holdings Corp.), Independent Director Agreement (SEATech Ventures Corp.)

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Qualifications and Number. A director need not be a stockholder, a citizen of the United States, or a resident of the State of Nevada. The initial Board of Directors shall not consist of less than 1 (one) one person. Thereafter, Thereafter the number of directors constituting the whole board shall be at least one. Subject to the foregoing limitation and except for the first Board of Directors, such number may be increased or decreased fixed from time to time by action of the stockholders or of the directors, or, if the number is not fixed, the number shall be one. The number of directors may be increased or decreased by action of the stockholders or of the directors.

Appears in 1 contract

Samples: Agreement of Merger and Plan of Reorganization (Bullfrog Gold Corp.)

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