Common use of Extinction of Rights Clause in Contracts

Extinction of Rights. Any certificate which immediately prior to the Effective Time represented outstanding Shares that were transferred pursuant to Section 3.1, and not deposited, with all other instruments required by Section 4.1, on or prior to the sixth anniversary of the Effective Date shall cease to represent a claim or interest of any kind or nature as a shareholder of 724 Solutions or for the receipt of cash. On such date, the cash to which the former Holder of the certificate referred to in the preceding sentence was ultimately entitled shall be deemed to have been surrendered for no consideration to Holdings, together with all entitlements to dividends, distributions and interest thereon held for such former Holder. Neither Holdings nor 724 Solutions shall be liable to any Person in respect of any cash delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Extinction of Rights. Any certificate which immediately prior to the Effective Time represented outstanding Company Shares or Holdco Shares that were transferred pursuant to Section 3.1, and not deposited, with all other instruments required by Section 4.13.1, on or prior to the sixth anniversary of the Effective Date shall cease to represent a claim or interest of any kind or nature as a shareholder of 724 Solutions the Company or for the receipt of cashcash pursuant to Sections 2.2 and 3.1. On such date, the cash to which the former Holder holder of the certificate referred to in the preceding sentence was ultimately entitled shall be deemed to have been surrendered for no consideration to Holdingsthe Company, together with all entitlements to dividends, distributions and interest thereon held for such former Holderholder. Neither Holdings nor 724 Solutions The Company shall not be liable to any Person in respect of any cash delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Extinction of Rights. Any certificate which immediately prior to the Effective Time represented outstanding Company Shares that were transferred pursuant to Section section 3.1, and not deposited, with all other instruments required by Section section 4.1, on or prior to the sixth anniversary of the Effective Date shall cease to represent a claim or interest of any kind or nature as a shareholder of 724 Solutions the Company or for the receipt of cash. On such date, the cash to which the former Holder of the certificate referred to in the preceding sentence was ultimately entitled shall be deemed to have been surrendered for no consideration to HoldingsAcquisitionco, together with all entitlements to dividends, distributions and interest thereon held for such former Holder. Neither Holdings nor 724 Solutions None of Acquisitionco or the Company shall be liable to any Person in respect of any cash delivered to a public official pursuant to any applicable abandoned property, escheat or similar lawLaw.