Common use of Subsequent Action Clause in Contracts

Subsequent Action. Subsequent to the consummation of the Arrangement, when and if deemed appropriate by the Board of Directors FiberChem shall use its best efforts to (a) cause the shares of FiberChem to be listed on NASDAQ, (b) raise additional working capital, and (c) cause a reverse split of FiberChem's Common Shares of up to 1 for 50 shares in order to effect a listing on NASDAQ or otherwise.

Subsequent Action. Subsequent to the consummation of the ArrangementMerger, when and if deemed appropriate by the Board of Directors FiberChem shall use its best efforts to (a) cause the shares of FiberChem to be listed on NASDAQ, (b) raise additional working capital, and (c) cause a reverse split of FiberChem's Common Shares of up to 1 for 50 shares in order to effect a listing on NASDAQ or otherwise.