Forward Split. MBPI shall use its best efforts to complete a forward split of its issued and outstanding Common Stock at a ratio of thirteen (13) shares of Common Stock for one (1) share of Common Stock (the “Forward Split”). Immediately after completing the Forward Split, MBPI shall have a total of 25,725,000 shares of Common Stock issued and outstanding.
Appears in 2 contracts
Sources: Stock Exchange and Reorganization Agreement (Mobile Presence Technologies Inc.), Stock Exchange and Reorganization Agreement (Mobile Presence Technologies Inc.)
Forward Split. MBPI shall use its best efforts to complete a forward split of its issued and outstanding Common Stock at a ratio of thirteen (1315) shares of Common Stock for one (1) share of Common Stock (the “Forward Split”). Immediately after completing the Forward Split, MBPI shall have a total of 25,725,000 shares of Common Stock issued and outstanding.
Appears in 1 contract
Sources: Stock Exchange and Reorganization Agreement (Mobile Presence Technologies Inc.)