Common Stock of the Company. The Company shall, within thirty (30) days of the date hereof, have filed the appropriate paperwork with the Nevada Secretary of State and the United States Securities and Exchange Commission and increased the authorized shares of Common Stock the Company to fifteen billion (15,000,000,000) and to provide for a par value of no par value per share. Failure by the Company to do so shall be considered an Event of Default.
Appears in 3 contracts
Samples: Forbearance Agreement (Gulf Coast Oil & Gas Inc.), Forbearance Agreement (Gulf Coast Oil & Gas Inc.), Forbearance Agreement (Gulf Coast Oil & Gas Inc.)