Separate Division Sample Clauses

Separate Division. Merchant agrees that for a period of up to 90 days after the Effective Time, that it will keep the Company's business in a separate division or subsidiary, until such time as proper funding is received. If such funding is not received by the end of such 90-day period, the Stockholders shall have the right to rescind the Merger and receive back the business formerly conducted by the Company by providing prompt written notice to Merchant and returning to Merchant the 2,000,000 shares of Merchant Common Stock issued as the Merger Consideration.

Separate Division. From and after the Effective Time, the business of Zabit will be conducted as "Zabit & Associates," a separate division of X-ceed.