Common use of Forward Split Clause in Contracts

Forward Split. As soon as practicable after the Closing, FICF shall effectuate an 8-for-1 forward split of FICF Common Stock. The number of shares of FICF to be issued to CodeSmart Shareholders after taken into effect the Forward Split shall be as set forth on Schedule I hereto.

Appears in 2 contracts

Sources: Share Exchange Agreement (Codesmart Holdings, Inc.), Share Exchange Agreement (First Independence Corp.)