Common use of Initial Designation Clause in Contracts

Initial Designation. Asia Leader initially designates ▇▇▇▇▇▇▇ ▇▇ and Mr. Hong Da Pan to serve as directors of the Company, RAD initially designates ▇▇▇▇▇ ▇▇ to serve as a director of the Company. The Joint Venturers agree that ▇▇▇▇▇ ▇▇ shall serve as the chief executive officer of the Company.

Appears in 2 contracts

Sources: Joint Venture Agreement, Joint Venture Agreement (Shanghai Century Acquisition Corp)