Designation of Director. The L▇▇▇▇▇▇▇▇ Financial Group, Inc. will be allowed to nominate one (1) additional person to the Company’s Board of Directors meetings for as long as the Notes remain outstanding. Upon an uncured Event of Default, The L▇▇▇▇▇▇▇▇ Financial Group, Inc., by its consent, shall have the right to nominate or replace directors such that control of the Board of Directors is achieved.
Appears in 2 contracts
Sources: Subscription Agreement (Oxford Media, Inc.), Subscription Agreement (Oxford Media, Inc.)