Form 3 - Initial statement of beneficial ownership of securities
19 Julho 2024 - 8:12PM
Edgar (US Regulatory)
EXHIBIT 24
POWER OF ATTORNEY
The undersigned hereby constitutes and appoints
Christopher J. Signorello, acting singly, the undersigned’s true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned,
in the undersigned’s capacity as an officer or director of QXO, Inc. (the “Company”), a Form ID, Uniform
Application for Access Codes to File on EDGAR and Forms 3, 4 and 5 (including amendments thereto) in accordance with Section 16(a) of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations thereunder; and
(2) do and perform any and all acts for and
on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form ID or Forms 3, 4 or 5 (including
amendments) and timely file such forms with the United States Securities and Exchange Commission and any stock exchange or similar authority;
and
(3) take any other action of any type whatsoever
in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally
required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant
to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact’s discretion.
The undersigned grants to such attorney-in-fact
full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise
of any of the rights and powers granted, as fully to all intents and purposes as the undersigned might or could do if personally present,
with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause
to be done by virtue of this power of attorney and the rights and powers herein granted.
The undersigned acknowledges that such attorney-in-fact,
in serving in such capacity at the request of the undersigned, is not assuming, nor is the Company assuming, any of the undersigned’s
responsibilities to comply with Section 16 of the Exchange Act. The undersigned agrees that such attorney-in-fact may rely entirely on
information furnished orally or in writing by the undersigned to such attorney-in-fact.
The undersigned also agrees to indemnify and
hold harmless the Company and such attorney-in-fact against any losses, claims, damages or liabilities (or actions in these respects)
that arise out of or are based upon any untrue statements or omission of necessary facts in the information provided by the undersigned
to such attorney-in-fact for purposes of executing, acknowledging, delivering or filing Form ID or Forms 3, 4 or 5 (including amendments)
and agrees to reimburse the Company and such attorney-in-fact for any legal or other expenses reasonably incurred in connection with investigating
or defending against any such loss, claim, damage, liability or action.
This Power of Attorney supersedes any
power of attorney previously executed by the undersigned regarding the purposes outlined in the first paragraph hereof (“Prior Powers
of Attorney”), and the authority of the attorneys-in-fact named in any Prior Powers of Attorney is hereby revoked.
This Power of Attorney shall remain in full
force and effect until the undersigned is no longer required to file Forms 3, 4 or 5 with respect to the undersigned’s holdings
of and transactions in securities issued by the Company, unless earlier (a) revoked by the undersigned in a signed writing delivered to
the foregoing attorney-in-fact; or (b) superseded by a new power of attorney regarding the purposes outlined in the first paragraph hereof
dated as of a later date.
IN WITNESS WHEREOF, the undersigned has caused
this Power of Attorney to be executed as of this 19 day of July, 2024.
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/s/ Ihsan Essaid |
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Ihsan Essaid |
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