Consent of Purchasers. Each Purchaser hereby irrevocably consents to the appointment of Sandgrain Securities, Inc. and/or its affiliates as their representative (the “Representative”) for the purposes of appointing a director designee. As used in the Agreement, “consent of the Purchasers” or similar language means the consent of the Representative. The appointment of the Representative is coupled with an interest and all authority hereby conferred shall be irrevocable and shall not be terminated by any or all of the Purchasers without the consent of the Company, which consent may be withheld for any reason, and the Representative is hereby authorized and directed to perform and consummate on behalf of the Purchasers. The Purchasers hereby hold harmless Sandgrain Securities, Inc. and SG Director Designees in office from time to time, from any and all liabilities or claims or losses other than intentional malfeasance.
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Sources: Securities Purchase Agreement (First China Pharmaceutical Group, Inc.)
Consent of Purchasers. Each Purchaser hereby irrevocably consents to the appointment of Sandgrain Securities, Inc. ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co. Ltd. and/or its affiliates as their representative (the “Representative”) for the purposes of appointing a director designee. As used in the Agreement, “consent of the Purchasers” or similar language means the consent of the Representative. The appointment of the Representative is coupled with an interest and all authority hereby conferred shall be irrevocable and shall not be terminated by any or all of the Purchasers without the consent of the Company, which consent may be withheld for any reason, and the Representative is hereby authorized and directed to perform and consummate on behalf of the Purchasers. The Purchasers hereby hold harmless Sandgrain Securities, Inc. and SG Director Designees in office from time to time, ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co. Ltd. from any and all liabilities or claims or losses other than intentional malfeasance.
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