Common use of Directors of the Parent Clause in Contracts

Directors of the Parent. The directors of Parent immediately prior to the Effective Time shall appoint D. ▇▇▇▇ ▇▇▇▇▇▇ to Parent’s Board of Directors and as Chairman of the Board of Directors in accordance with Parent’s Amended Bylaws; and the officers of the Surviving Corporation shall be appointed as officers of Parent by the then serving Board of Directors or new directors, as follows: D. ▇▇▇▇ ▇▇▇▇▇▇, Chairman, President and CEO; and ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Chief Financial Officer. All other directors and executive officers of Parent, with the exception of ▇▇▇▇ ▇▇▇▇▇▇, who shall remain as a director of Parent, and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, who shall remain as the Secretary of Parent, shall resign, in seriatim, at the Closing.

Directors of the Parent. The directors of Parent immediately prior to the Effective Time shall appoint D. retain ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ as a member of Parent’s Board of Directors and, with the exception of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, the current directors of Parent shall resign, in seriatim, effective as of the Effective Time, and ▇▇. ▇▇▇▇▇ shall appoint ▇▇▇▇ Rheyynhewohenh and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ to Parent’s Board of Directors and as Chairman of Directors, to fill the Board of Directors in accordance with Parent’s Amended Bylaws; vacancies created by such resignations, and the officers of the Surviving Corporation shall be appointed as officers of Parent by the then serving Board of Directors present or new directors, as follows: D. who shall be ▇▇▇▇ ▇▇▇▇▇▇, Chairman, President and CEO; and ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Chief Financial Officer. All other directors President and executive officers of Parent, with the exception of CEO; ▇▇▇▇ ▇▇▇▇▇▇Rheyynhewohenh, who shall remain as a director of Parent, Executive Vice President; and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, who shall remain as the Secretary of Parent, shall resign, in seriatim, at the ClosingSecretary/Treasurer.