25 Mar '13, 4am

Term Sheet from Hell: (Diabolical) Redemption & Put Option

There is a material breach of any of the warranties and undertakings of the Company in the Investment Agreements; The Company fails to secure approval for a public listing on a recognised stock exchange by [T+3 years]; The Company can achieve a public listing on a recognised stock exchange by [T+3 years] or after, but all shareholders other than the Investor elect against the listing. In this instance, the investor shall be entitled to an Exit Premium in addition to the Redemption Amount; The Company fails to sell Investor’s shares through a trade sale by [T+3 years]; or Should for any reasons the Company and the Investor have irreconcilable differences concerning the interest of the business, the Investor has the option to request the Company to redeem the A RCPS. In this instance, the Investor shall be entitled to an Exit Premium in addition to the Redemption Amount.

Full article: http://sgentrepreneurs.com/2013/03/25/term-sheet-from-hel...

Tweets

Gen. Mattis, speaking Friday: "I would happily storm hell in the company of these troops."

Gen. Mattis, speaking Friday: "I would happily ...

marinecorpstimes.com 25 Mar '13, 4pm

http://www.marinecorpstimes.com/news/2013/03/marine-james-mattis-centcom-032513-w/ Mattis ‘would happily storm hell’ with ...