Director Nominees. Subject to satisfactory due diligence, including but not limited to, completion of Directors' & Officers' questionnaires, the Seller shall have the right to nominate and the Buyer and Star Maritime hereby agree to cause the appointment and election of two (2) members of the board of directors of the Buyer, it being understood and agreed that the initial nominees and directors (to be listed in the registration/proxy statement referred to in Section 4(a) hereof) shall be Mr. Nobu Su and M▇. ▇▇▇▇▇ ▇▇▇▇▇, each of whom shall serve upon the Effective Date of Merger for one (1) year therefrom in the case of Mr. Nobu Su and for two (2) years therefrom in the case of M▇. ▇▇▇▇▇ ▇▇▇▇▇ or until their successors have been duly elected and qualified. For so long as Mr. Nobu Su serves on the board of directors of the Buyer, he shall receive the title of non-executive Co-Chairman of the Buyer.
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Director Nominees. Subject to satisfactory due diligence, including but not limited to, completion of Directors' & Officers' questionnaires, the Seller shall have the right to nominate and the Buyer and Star Maritime hereby agree to cause the appointment and election of two (2) members of the board of directors of the Buyer, it being understood and agreed that the initial nominees and directors (to be listed in the registration/proxy statement referred to in Section 4(a) hereof) shall be Mr. Nobu Su and M▇. ▇▇▇▇▇ ▇▇▇▇▇Mr. Peter Espig, each of whom shall serve upon the Effective Date of Merger for one ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ (1) year therefrom in the case of Mr. Nobu Su and for two (2) years therefrom in the case of M▇. ▇▇▇▇▇ ▇▇▇▇▇ Mr. Peter Espig or until their successors have been duly elected and qualified▇▇▇▇▇▇▇▇▇. For so long as Mr. Nobu Su serves on the board of directors of the Buyer, he shall receive the title of non-executive Co-Chairman of the Buyer.
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