Forward Stock Split. Immediately prior to the Closing, Jehu Hand shall convert his note payable into 242,066 (pre-split) shares of common stock and the Company shall effect a 3 for 1 forward stock split, resulting in approximately 2,000,000 Shares outstanding.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Micropoint Inc)
Forward Stock Split. Immediately prior to the Closing, Jehu Hand shall convert his note payable into 242,066 (pre-split) shares of common stock of the Company and the Company shall effect a 3 5 for 1 forward stock split, resulting in approximately 2,000,000 3,333,330 Shares outstanding.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (First Scientific Inc)