Common use of Seller’s Representation Clause in Contracts

Seller’s Representation. Following the Closing, for so long as Sellers Beneficially Own Common Shares in PubCo representing at least the percentage, shown below, of the Common Shares held by Sellers immediately after the Closing, PubCo shall take all Necessary Action to include in the slate of nominees recommended by PubCo for appointment as directors at each applicable annual general meeting or extraordinary general meeting of PubCo at which directors are to be appointed including, for the avoidance of doubt, the Purchaser Special Meeting, a number of individuals designated by Sellers that, if appointed, will result in Sellers having a number of directors serving on the Board as shown below: Common Shares Beneficially Owned by Sellers (and their Permitted Transferees) as a Percentage of Common Shares Beneficially Owned by Sellers on the Closing Date Number of Sellers Directors 50% or greater 7 25% or greater 4