Common use of Resignations of Present Directors and Executive Officers and Designation of New Directors and Executive Officers Clause in Contracts

Resignations of Present Directors and Executive Officers and Designation of New Directors and Executive Officers. On Closing, the present directors and executive officers of Amalgamated shall designate the directors and executive officers nominated by MegaMedia to serve in their place and stead, until the next respective annual meetings of the stockholders and the Board of Directors of Amalgamated, and until their respective successors shall be elected and qualified or until their respective prior resignations or terminations, who shall be: Xxxxxxx X. Xxxxxx, Xx., Director, President, Secretary and Treasurer; and then, the current directors and executive officers shall resign, in seriatim.

Resignations of Present Directors and Executive Officers and Designation of New Directors and Executive Officers. On Closing, the present directors and executive officers of Amalgamated Regents shall designate the directors and executive officers nominated by MegaMedia Ad Pads to serve in their place and stead, until the next respective annual meetings of the stockholders and the Board of Directors of AmalgamatedRegents, and until their respective successors shall be elected and qualified or until their respective prior resignations or terminations, who shall be: Xxxxxxx Xxxxx X. XxxxxxXxxxxxxxxx, XxXxxxx Xxxxxxxxx and Xxxxxx Xxxxxxx, Esq., Director, President, Secretary and Treasurer; and then, the current present directors and executive officers of Regents shall resign, in seriatim.

Resignations of Present Directors and Executive Officers and Designation of New Directors and Executive Officers. On Closing, the present directors and executive officers of Amalgamated Tecon shall designate the directors and executive officers nominated by MegaMedia Xxxxx.xxx to serve in their place and stead, until the next respective annual meetings of the stockholders and the Board of Directors of AmalgamatedTecon, and until their respective successors shall be elected and qualified or until their respective prior resignations or terminations, who shall be: Xxxxxxx X. Xxxxxx, Xx., DirectorXxxxxx Xxxx, President, Secretary and Treasurera director; Xxxxx X. Xxxxxx, Chairman, CEO and a director; and Xxxxx Xxxxx Xxxxx, III, Vice President and a director; and then, the current directors and executive officers they shall resign, in seriatim.