If the Service Receiver shall commence any case, proceeding or other action under any existing or future law of Thailand jurisdiction or shall make an agreement with or assignment in favour of his creditors or shall agree to carry out this Agreement under a committee of inspection of its creditors or (being a corporation shall go into liquidation other than a voluntary liquidation for the purposes of amalgamation or reconstruction) or assigns the Agreement without the consent in writing of the Service Provider being first obtained or shall have any execution levied on his assets then the Service Provider at any time thereafter may (without prejudice to any right of action or other remedy) give written notice to the Service Receiver of its termination of this Agreement and thereupon this Agreement shall terminate on the date specified in such notice.