Common use of Board Activities Clause in Contracts

Board Activities. As soon as practicable, the Company shall designate a secretary of the board of director (the “Board Secretary”) to administer all stockholders and Board meetings. The Board Secretary shall ensure (i) proper notification and adequate meeting materials are provided for directors and stockholders’ meetings and (ii) accurate minutes of meetings are taken and available for directors’ comments and approval within five (5) business days after the meeting. Furthermore, the Company shall reimburse all expenses to the Investor relating to all Board activities, including but not limited to, attending the Board meetings by the Investor Director and/or its representatives.

Appears in 1 contract

Sources: Series a Preferred Stock Purchase Agreement (Yayi International Inc)

Board Activities. As soon as practicable, the Company shall designate a secretary of the board of director (the “Board Secretary”) to administer all stockholders and Board meetings. The Board Secretary shall ensure (i) proper notification and adequate meeting materials are provided for directors and stockholders’ meetings and (ii) accurate minutes of meetings are taken and available for directors’ directors comments and approval within five (5five(5) business days after the meeting. Furthermore, the Company shall reimburse the Investor all expenses to the Investor relating to all any Board activities, including but not limited to, attending the Board meetings by the Investor Director and/or its representatives.

Appears in 1 contract

Sources: Investor and Registration Rights Agreement (Yayi International Inc)