Indemnification and Escrow. 50 9.1 Survival of Representations and Warranties............................50 9.2
Indemnification and Escrow. On the Closing Date, each of the Shareholders shall deliver to Simtek certificates representing 50,000 shares (the "Escrow Shares") of Simtek Stock issued to such Shareholder in negotiable form, duly endorsed in blank, and with separate notarized stock transfer powers attached thereto and signed in blank. Simtek shall hold the Escrow Shares in escrow for one year following the date hereof. If Simtek's board of directors in good faith determines that either of the Shareholders breached any of his representations or warranties set forth herein, Simtek shall have the right (the "Escrow Right") unilaterally to offset any cost, expense or damage (collectively, the "Damages") incurred or suffered by Simtek or the Company or both arising from or relating to such breach. Simtek shall exercise the Escrow Right by, at the conclusion of such one year period, (i) transferring legal title to the Escrow Shares, or any portion thereof, to Simtek (which shares shall then be held as treasury stock), (ii) canceling all, or a portion of, the Escrow Shares, (iii) transferring the Escrow Shares, or any portion thereof, to a third party, or (iv) taking any combination of the actions set forth in Section 5.2(i) through (iii). Simtek shall only exercise the Escrow Right with respect to such portion of the Escrow Shares that Simtek's board of directors, in good faith, determines to equal the Damages suffered by Simtek or the Company or both. Absent fraud by either of the Shareholders, Simtek's Escrow Right shall be Simtek's sole recourse against the Shareholders for any breach by the Shareholders of the Shareholders' representations or warranties in this Agreement.
Indemnification and Escrow. 52 Section 9.01 Survival of Representations and Warranties..........................52 Section 9.02
Indemnification and Escrow. 26 11. Termination..................................................................... 29 12.
Indemnification and Escrow. 8.1 Indemnification by Star and the Star Shareholders. -------------------------------------------------
Indemnification and Escrow. 8.1 Indemnification by Sitebridge and the Selling Stockholders. ----------------------------------------------------------
Indemnification and Escrow. Section 7.1 Survival of Representations and Warranties.................................................49 Section 7.2 Indemnities................................................................................50 Section 7.3 Escrow Fund and Procedure..................................................................51 Section 7.4 No Third Party Beneficiaries...............................................................53 Section 7.5 Exclusive Remedy...........................................................................53
Indemnification and Escrow. 26 8.1. Indemnification............................................26 8.2.
Indemnification and Escrow. 40 7.1 Survival of Representations, Warranties, Covenants and Agreements.............................. 40 7.2 Escrow and Indemnification..................................................................... 41
Indemnification and Escrow. Section 6.1. Indemnification by the Stockholder 29 Section 6.2. Indemnification by the Buyer 30 Section 6.3. Indemnification Procedure 30 Section 6.4. Limitations on Indemnity 32 Section 6.5. General Escrow of Certain Buyer Shares 32 Section 6.6. Indemnification Sole Remedy 33
