Common use of Reverse Splits Clause in Contracts

Reverse Splits. The parties hereto acknowledge that prior to the execution of this Agreement and Plan of Reorganization, the Company approved a reverse-split in the shares of its issued and outstanding common stock, so that the total number of the Company issued and outstanding shares of stock have reduced from 3,750,000 to 2,500,000. After the Closing, the Company will not effect any additional reverse splits during the period of eighteen (18) months from the date of this Agreement.