TERMINATION :
EITHER PARTY HERETO SHALL HAVE THE RIGHT TO FORTHWITH TERMINATE THIS CONTRACT AT ANY TIME
WITH A WRITTEN NOTICE TO THE OTHER PARTY, IN THE EVENT THE OTHER PARTY COMMITS ANY BREACH
OF THE PROVISIONS OF THIS CONTRACT AND FAILS TO RECTIFY SUCH BREACH WITHIN THIRTY (30) DAYS
AFTER RECEIPT OF A NOTICE IN WRITING FROM THE NON-DEFAULTING PARTY REQUIRING SUCH
RECTIFICATION.
EITHER PARTY HERETO SHALL HAVE THE RIGHT TO TERMINATE THIS AGREEMENT UNCONDITIONALLY
UPON THE OCCURRENCE OF ANY OF THE FOLLOWING EVENTS ON THE OTHER PARTY
A) BEING INSOLVENT OR BANKRUPT,
B) CESSATION OF BUSINESS,
C) WINDING UP OR MERGER OR CONSOLIDATION WITH ANOTHER ENTITY, OR
D) MUTUAL AGREEMENT IN WRITING BY THE PARTIES.
TERMINATION OF THIS CONTRACT SHALL HAVE IMMEDIATE EFFECT UPON THE RECEIPT OF A TERMINATION
NOTICE FROM THE TERMINATING PARTY.
TERMINATION OF THIS CONTRACT PURSUANT TO EITHER OF THE PRECEDING PARAGRAPHS DOES NOT
EXONERATE THE DEFAULTING PARTY FROM ANY LIABILITIES ARISING FROM LOSS OR DAMAGE INCURRED
UNDER THE CONTRACT PRIOR TO TERMINATION. IN SUCH EVENT THE TERMINATING PARTY MAY DEMAND
FROM THE OTHER PARTY PAYMENT OF DAMAGES FOR ANY LOSSES AND EXPENSE INCURRED THEREBY.