No Reverse Split. As a material term hereto and a condition to FLEX entering into this Agreement, OASIS and the OASIS Shareholders agree that for a period of twelve (12) months from the date of Closing, there will be no reorganizations, recapitalizations or reverse stock splits which would have a dilutive effect on the pre-acquisition shareholders of FLEX, without the prior written consent of the existing directors of FLEX as of the date of this Agreement.
Appears in 2 contracts
Sources: Reorganization Agreement (Flexweight Corp), Reorganization Agreement (Flexweight Corp)