Common use of Establishment of the Board Clause in Contracts

Establishment of the Board. The number of directors (the "Directors") constituting the Board shall be seven, unless otherwise fixed from time to time pursuant to a resolution adopted by the Sole Member. The Directors shall be elected or approved by the Sole Member and shall serve as Directors of the Company until their death or removal from office or until their successors are elected and qualified. As at the date of this Agreement, the Directors of the Company are ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇. The Sole Member intends to appoint ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ as Directors following the Closing Date. In addition, the Sole Member intends to appoint two additional Directors within 1 year of the date of this Agreement.