Common use of Position; Reporting Clause in Contracts

Position; Reporting. Effective October 11, 2016, during the Employment Period, the Employee shall serve as, and with the title, office and authority of, the President and Chief Executive Officer of the Company. The Employee shall have such duties and authority as are normally associated with such positions and will generally have responsibility for managing Company activities, subject to the authority of the Company's Board of Directors (the "Board"). These activities include but are not limited to Board activities, investor and public relations, fund raising and banking relations. The Employee shall report directly to the Board.

Position; Reporting. Effective October 11, 2016, during During the Employment Period, the Employee shall serve as, and with the title, office and authority of, the President and Chief Executive Officer of the Company. The Employee shall have such duties and authority as are normally associated with such positions and will generally have responsibility for managing Company activities, subject to the authority of the Company's Board of Directors of the Company (the "Board"). These activities include but are not limited to Board activities, investor and public relations, fund raising and banking relations. The Employee shall report directly to the Board.