Common use of Forward Stock Split Clause in Contracts

Forward Stock Split. Prior to the Closing of the Merger, Silver River will take all requisite and necessary action to effect a forward stock split (the "Forward Stock Split") of its issued and outstanding shares of common stock on a 2 shares for 1 share basis, the effect of which will increase the number of issued and outstanding shares of Silver River common stock to 3,999,950 shares. In connection with the Forward Stock Split, no fraction of any share Silver River Shares will be issued; rather, the number of shares otherwise issuable, if other than a whole number, will be rounded up to the next whole number.