SSET definition
Examples of SSET in a sentence
The BSM Shareholders and BSM acknowledge that if they fail to comply with the agreement in clause (ii) above at any time while SSET is still a subsidiary of the Issuer, then such failure may trigger the rescission provisions of Escrow Agreement.
All fees and expenses of SSET and the Issuer, including but not limited to legal (including review by Issuer's counsel) and accounting (including review by Issuer's accountants), printing, delivery expense, stock certificate/transfer services and filing fees, as well as incremental costs of the Issuer, including but not limited to legal and accounting costs related to the period of time that the subsidiaries are under the control of the Issuer.
After such transfer, the shares of SSET shall not be a part of the Escrowed Property.
The BSM Shareholders and BSM acknowledge that, under the terms of the Assignment Agreement, (i) the Issuer has canceled its previous exercise of its option to purchase shares of CardReady from MBB (the "Option"), (ii) the Issuer has assigned all of its rights and obligations under the Option to SSET and (iii) in the future, SSET, CardReady and MBB will renegotiate the terms of the Option in such manner as they may agree, in their sole discretion.
In the event SSET, CRNY and SSFSM takes any such detrimental action, the Control Shareholders shall indemnify and hold harmless the Issuer, BSM and the BSM Shareholders for any damages, costs or expenses they may incur as a result of such detrimental action.
The Parties agree that all fees and expenses incurred by SSET in connection with the renegotiation of the Option or the exercise of the renegotiated Option will be paid by the Control Shareholders.
Prior to the SSET Spin-Off, BSM shall take all legally permissible actions requested by the Control Shareholders, at the sole cost and expense of the Control Shareholders, in order to maintain the boards of directors and officers of SSET, CRNY and SSFSM as designated by the Control Shareholders.
Risk Position: There is a high perceived risk by the SSET of unsuccessful BPA or Task Order performance.
Company agrees to grant the employee an option to purchase 50,000 shares of the company's common stock, listed as SSET on the Nasdaq National Market.
SSET is a Nevada corporation, duly, fully, and validly formed and existing, under, and by virtue of, the laws of the State of California.