Ti	=	BOARD OF DIRECTORS
1.Ti	=	Board Representation
1.1.sec	=	The {_Company} shall be managed by a board of directors (the “{_Board}”) of no more than {3_board_members}.
1.2.sec	=	Each {_New_Investor} holding more than {15%_of_the_shares} shall have the right to appoint one {_Board} member or one non-voting {_Board} observer who shall initially be {InitialBoardMember.Name.Full}.
1.	=	[G/Z/ol/s2]
2.Ti	=	Board Meetings
2.sec	=	The {_Board} will meet at least {Board.2_times_per_quarter}, at intervals not exceeding {Board.2_months}, with a minimum {Board.8-day_prior_notice} except in case of urgency.
3.Ti	=	Board Decisions
3.sec	=	{3.1.sec}{3.2.sec}.
3.1.sec	=	All {_Board} decisions shall be made at a simple majority of the members present or represented except for Material Decisions listed in Appendix B which shall be subject to a qualified majority of the {_Board} including
3.2.sec	=	at least 1 Investor director
	=	[G/Z/ol/3]