Common use of Change in Directors Clause in Contracts

Change in Directors. Upon the First Closing, the Company shall cause ▇▇▇▇▇▇ ▇▇▇▇▇▇ (the “Preferred Director”) to be appointed to the Board of Directors (the “Board Appointment”). Additionally, the Company shall cause [_____] to be removed from the Board of Directors. Following (i) the addition of ▇▇. ▇▇▇▇▇▇ to the Board of Directors and (ii) any changes to the Board of Directors that are associated with the Company’s sale of Series A Preferred Stock, the Board of Directors shall consist of five (5) sitting members.

Change in Directors. Upon the First Closing, the Company shall cause ▇▇▇▇▇▇ ▇▇▇▇▇▇ (the “Preferred Director”) to be appointed to the Board of Directors (the “Board Appointment”). Additionally, the Company shall cause [_____] one of its current directors to be removed from the Board of Directors. Following (i) the addition of ▇▇. ▇▇▇▇▇▇ to the Board of Directors and (ii) any changes to the Board of Directors that are associated with the Company’s sale of Series A Preferred Stock, the Board of Directors shall consist of five (5) sitting members.