Common use of Existing Directors Clause in Contracts

Existing Directors. The five existing Directors serving as of the Effective Date (the “Existing Directors”) shall remain as Directors immediately after the Effective Date to finish their Terms, provided that two Existing Directors’ Terms shall expire in 2020, two Existing Directors’ Terms shall expire in 2021, and the final Existing Director’s Term shall expire in 2022. The Board shall identify which Existing Director’s Term expires in which year.