Singapore Entity definition
Examples of Singapore Entity in a sentence
Notwithstanding the foregoing, the obligation to cause a Singapore Entity Director to resign shall not apply until the Singapore Entity has had at least thirty (30) days’ prior written notice from the Company of such threshold being crossed, and any dilution resulting solely from issuances not approved by the Singapore Entity Directors (unless required by law) shall be disregarded for purposes of such calculation.
During the period when the Singapore Entity has at least one Singapore Entity Director on the Company’s Board, the Singapore Entity covenants that it will transact in accordance with the Company’s I▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Policy, as filed in the Company’s SEC Reports.
The Proxy Statement shall be in a form reasonably acceptable to the Purchasers and accordingly, the Company shall provide Singapore Entity Counsel with reasonable opportunity to review and comment on the Proxy Statement.
The Company shall keep the Purchasers apprised of the status of matters relating to the Proxy Statement and the Stockholder Meeting, including promptly furnishing the Purchasers and Singapore Entity Counsel with copies of notices or other communications related to the Proxy Statement, the Stockholder Meeting or the transactions contemplated hereby received by the Company from the Commission or the Trading Market.
The Singapore Entity shall be entitled to designate up to two (2) directors of the Company (each a “Singapore Entity Director” and together, the “Singapore Entity Directors”) to serve on the Board of Directors, who shall be designated as follows: (i) one Singapore Entity Director shall be designated on the Closing Date and (ii) one Singapore Entity Director shall be designated after the Stockholder Approval is obtained.
As soon as practicable following the appointment of the Singapore Entity Directors to the Board of Directors, the Company shall add such Singapore Entity Director as a covered party under the Company’s current director and officer insurance policy and deliver to such Singapore Entity Director an indemnification agreement, duly executed by the Company and in the same form entered into by the Company with each of the Company’s other directors.
The Company will use its reasonable best efforts to provide a draft of the Registration Statement to the Purchasers and Singapore Entity Counsel for review at least five (5) Business Days in advance of its anticipated filing date.