ARC China definition
Examples of ARC China in a sentence
A▇▇▇▇▇ & Jaclin, LLP 1▇▇ ▇▇▇▇▇ ▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ If to the Purchaser, to: ARC China Investment Funds Banque Privee E▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ Europe 2▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ L-2535 Luxembourg With a copy to (which shall not constitute notice): E▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, Esq.
For reasons of administrative convenience only, Purchasers and their respective counsel have chosen to communicate with the Company through ARC China or ▇▇▇▇▇▇▇▇▇▇.
The Company further acknowledges and agrees that $100,000 (the "IR Cash") of the $350,000 will be reserved for dissemination to investor relations firms determined from time-to-time by ARC China in its sole discretion; provided that such IR Cash must be disseminated on or before May 21, 2011.
Within ninety (90) days of an Uplisting, the Company shall have engaged an independent public accounting firm (the "New Auditor") agreeable to ARC China, Inc.
Each Closing shall occur at the offices of the Company Counsel or such other location as is mutually agreeable to the Company and ARC China, and the Company and the Placement Agent shall deliver to the Escrow Agent the Form of Escrow Release Notice (as defined in the Escrow Agreement), duly executed.
The Company shall cause one person designated by ARC China to be duly appointed or elected to the Company's Board of Directors.
The remaining $250,000 (the "CFO Compensation Cash") will be reserved as compensation for a Chief Financial Officer candidate mutually agreeable to the Company and ARC China; provided that such CFO Compensation Cash must be paid on or before May 21, 2012.
The Placement Agent, the Company and ARC China acknowledge and agree that the purpose of the Escrow Account is threefold: (i) to hold the Escrow Funds received from the Purchasers pending receipt of instructions for release in accordance with Section 2 at the Closing; (ii) to hold the IR Cash for distribution to the IR Firms; and (iii) to hold the CFO Cash for distribution to a CFO Candidate.
The Company agrees to: (i) hire a full-time Investment Manager, who can communicate in the English language fluently, and who is agreeable to ARC China; and (ii) use its reasonable commercial efforts to, within 30 days of the Closing Date, hire a US-based employee, who can communicate in the English language fluently and who is agreeable to ARC China, to attend road shows and speak at conferences and to investors about the Company.
The Company, upon receiving recommendations from ARC China and/or the executive search firm, must review the applicant and determine, in its sole discretion, if it wishes to employ the applicant as the Chief Financial Officer.