Board of Directors of Acquiror. Effective as of and after the Effective Time, the Board of Directors of Acquiror shall consist of persons selected by the Company and Acquiror whom are listed on Exhibit C of the Agreement; provided that in no event shall the members of the Board of Directors of the Acquiror immediately preceding the Effective Time constitute less than a majority of the Board of Directors immediately following the Effective Time.
Appears in 2 contracts
Sources: Merger Agreement (KiNRG, Inc.), Merger Agreement (Superior Silver Mines Inc)