Common use of Approving Clause in Contracts

Approving. (A) the transfers of the relevant Sale Shares from the relevant Seller to the Purchaser and recording of such transfers in the registers of the Company; (B) the appointment of the relevant Purchaser’s nominees as directors on the Company Board; (C) the resignation of the relevant nominees of Seller 1, Seller 2, Seller 3, and Seller 4 as directors on the Company Board and Group Companies; (D) the appointment of persons nominated by the Purchaser as the authorized signatories to all the bank accounts of Company, and the cessation of the authorized signatory rights granted by Company to the nominees of the Sellers resigning from the Company Board; (E) calling of an extra ordinary general meeting of the shareholders of the Company as on the Closing Date.