Appointment of Director. Upon the request of the Purchaser, the Company will appoint an individual designated by the Purchaser (“Designated Director”) to serve as a director of the Company’s Board of Directors (the “Board”), and, if necessary, will expand the size of the Board to accommodate such new member. Such new member shall participate in the affairs of the Company as a director pursuant to the powers granted in the Company’s Organizational Documents.
Appears in 4 contracts
Samples: Convertible Note and Warrant Purchase Agreement, Secured Convertible Note and Warrant Purchase Agreement (BioAmber Inc.), Stock Purchase Agreement (BioAmber Inc.)
