Common use of Termination of the Share Exchange Agreement Clause in Contracts

Termination of the Share Exchange Agreement. This Agreement shall be binding upon each Holder upon such Xxxxxx’s execution and delivery of this Agreement, but this Agreement shall only become effective upon the Closing. Notwithstanding anything to the contrary contained herein, in the event that the Share Exchange Agreement is terminated in accordance with its terms prior to the Closing, this Agreement shall automatically terminate and become null and void, and the Parties shall not have any rights or obligations hereunder.