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Common use of Reverse Split Clause in Contracts

Reverse Split. The Company shall give the Subscriber not less than twenty (20) days' prior written notice of any proposed combination of shares or other reclassification or recapitalization of the common stock resulting in a reduction of the number of Shares issuable upon conversion of the Note, and the Subscriber shall have the right to consult with the Company with respect to such proposed combination or recapitalization.

Appears in 2 contracts

Samples: Subscription Agreement (Telepad Corp), Subscription Agreement (Sims Communications Inc)

Reverse Split. The Company shall give the Subscriber not less than twenty thirty (2030) days' prior written notice of any proposed combination of shares or other reclassification or recapitalization of the common stock resulting in a reduction of the number of Shares issuable upon conversion of the Note, and the Subscriber shall have the right to consult with the Company with respect to such proposed combination or recapitalization.

Appears in 1 contract

Samples: Subscription Agreement (Multi Media Tutorial Services Inc)

Reverse Split. The Company shall give the Subscriber not less than ------------- twenty (20) days' prior written notice of any proposed combination of shares or other reclassification or recapitalization of the common stock resulting in a reduction of the number of Shares issuable upon conversion of the Note, and the Subscriber shall have the right to consult with the Company with respect to such proposed combination or recapitalizationPreferred Stock.

Appears in 1 contract

Samples: Subscription Agreement (Chemtrak Inc/De)