Common use of Reverse Splits Clause in Contracts

Reverse Splits. Three Strikes hereby warrants and avers that, post merger, that it will not enact a reverse split of its issued and outstanding common stock shares nor its authorized common stock shares (other than as contemplated in this Agreement), for a period of 30 consecutive months from the date of Closing. Further, Three Strikes agrees that this provision shall carry over should Three Strikes merge with, or be acquired by, another entity during this 30 month period or, should Three Strikes become a subsidiary of another entity.