World Surveillance Group Inc (fka WSGI)

[labrador]

SEBASS
How you can say that Russian deal is dead?
Where is the 8K which annouces the termitation of the deal with Internafta??



Item 1.02 Termination of a Material Definitive Agreement.

This item requires disclosure if a material definitive agreement not made in the ordinary course of business to which a company is a party is terminated, other than by expiration of the agreement on a stated termination date or as a result of all parties completing their obligations under such agreement, and such termination of the agreement is material to the company. In such an event, the company must disclose the following information:

The date of the termination of the material definitive agreement, the identity of the parties to the agreement and a brief description of any material relationship between the company or its affiliates and any of the parties other than in respect of the material definitive agreement;

A brief description of the terms and conditions of the agreement that are material to the company;

A brief description of the material circumstances surrounding the termination; and

Any material early termination penalties incurred by the company.

No disclosure is required under this item if the company believes, in good faith, that the agreement has not been terminated, unless the company has received a notice of termination pursuant to the terms of the agreement. If a company believes in good faith that a material definitive agreement has not been terminated, but determines nevertheless to make disclosure under Item 1.02, the company could disclose under this item a statement of its good faith belief as to any relevant matter, including, for example, that not all conditions to termination have been satisfied or that a termination has otherwise not occurred. In such event, an amendment under this Item 1.02 may be required if the company's conclusion as to termination changes due to a loss of, or change in, its good faith belief. Nevertheless, any disclosure made in a Current Report on Form 8-K must include all other material information, if any, that is necessary to make the required disclosure, in the light of the circumstances under which it is made, not misleading.