Common use of Board Structure Clause in Contracts

Board Structure. Until the consummation of a Registration, each of the following shareholders (each a "Designating Shareholders") shall have the right to designate members to the Board of Directors, with respect to each of the Designating Shareholders, as long as such Designating Shareholders holds (directly and/or through trustee, and collectively with such Designating Shareholders Permitted Transferees) at least 50% of the amount of shares of the Corporation held by it on the date hereof: (a) Life Support Ltd.- may designate 1 (one) member to the Board; (b) Ramport Finance Ltd. - may designate 1 (one) member to the Board; (c) ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ - may designate 1 (one) member to the Board;