Document ID: 11729

Text:
Section 5.04 Board Representation. Upon the Closing, (i) the Company shall increase the size of its board of directors by three directors and (ii) the Company shall cause its board of directors to fill this vacancy with three directors designated by the Investor who shall (w) be reasonably acceptable to the Company (which acceptance shall not be unreasonably withheld), (x) be approved by the Nominating and Governance Committee of the Companys board of directors, (y) meet all qualifications required by written policy of the Company and (z) meet the independence standards set forth in the NASDAQ listing rules (the Investor Designees).

Named Entities:

Tokenized Text:
Section
5
.
04
Board
Representation
.
Upon
the
Closing
,
(
i
)
the
Company
shall
increase
the
size
of
its
board
of
directors
by
three
directors
and
(
ii
)
the
Company
shall
cause
its
board
of
directors
to
fill
this
vacancy
with
three
directors
designated
by
the
Investor
who
shall
(
w
)
be
reasonably
acceptable
to
the
Company
(
which
acceptance
shall
not
be
unreasonably
withheld
)
,
(
x
)
be
approved
by
the
Nominating
and
Governance
Committee
of
the
Companys
board
of
directors
,
(
y
)
meet
all
qualifications
required
by
written
policy
of
the
Company
and
(
z
)
meet
the
independence
standards
set
forth
in
the
NASDAQ
listing
rules
(
the
Investor
Designees
)
.