Common use of No Reverse Split Clause in Contracts

No Reverse Split. A material term hereto and a condition to Nugget entering into this Agreement is that GoHealth.md agree that for a period of twelve (12) months from the date of Closing, no recapitalization or reverse stock splits will be effected without the prior written consent of all of the directors of Nugget as of the date immediately prior to Closing of this Agreement, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Sources: Stock Exchange Agreement and Plan of Merger (Nugget Exploration Inc), Stock Exchange Agreement and Plan of Merger (Nugget Exploration Inc)