The Majority. Shareholders Group shall cause the Board of Directors of the Company to approve a Stock Exchange Agreement between the Company and Buyer wherein 2,000,000 post 5:1 forward split shares of unissued common stock of Buyer will be exchanged with 2,000,000 post 1:6 reverse split shares of unissued common stock of Company. Such stock exchange shall take place after effectivity of the purchase by Buyer of the Shares from the Majority Shareholder group.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Loughran Go Corp), Stock Purchase Agreement (Internatural Pharmaceuticals Inc)