Termination Agreement
Exhibits 10.1
This Termination Agreement (the “Agreement”), dated as of December 13, 2021 (the “Effective Date”), by and among Xxxxxx Capital Inc. (f/k/a China Internet Nationwide Financial Services Inc.), a British Virgin Islands business company (“Parent”), Xxxxxx Capital Merger Sub I Inc., a Delaware corporation and wholly-owned subsidiary of Parent (“Merger Sub”), Freight App Inc., a Delaware corporation(fka Freight Hub, Inc. (the “Company”), and ATW Master Fund II, L.P., a Delaware limited partnership, as the representative of the stockholders of the Company (the “Stockholders’ Representative”).
Whereas, the parties desire to terminate the Merger Agreement as of the Effective Date.
Section 1. Termination of the Merger Agreement . Effective as of the Effective Date, the Merger Agreement is hereby irrevocably terminated and no party shall have any further rights or obligations thereunder other than those which specifically survive pursuant to the terms of the Merger Agreement.
Section 2. Further Assurances. The parties hereto hereby covenant and agree to execute, acknowledge and deliver all such documents and instruments, and to take such further actions, as may be reasonable necessary or appropriate, from time to time, to carry out the intent and purpose of this Agreement and to consummate the transactions contemplated hereby.
Section 3. Counterparts. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument and any of the parties hereto may execute this Agreement by signing any such counterpart.
Section 4. Amendments. No change or modification of this Agreement shall be valid unless in writing signed by the parties hereto.
Section 5. Governing Law. This Agreement shall be governed by the law of the State of New York.
[SIGNATURE PAGE(S) FOLLOW]
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the Effective Date.
Parent: | ||
Xxxxxx Capital Inc. (f/k/a China Internet Nationwide Financial Services Inc.) | ||
By: | /s/ Xxxxxx Xxxx | |
Name: | Xxxxxx Xxxx | |
Title: | Chief Executive Officer |
Purchaser/Redomestication Surviving Corporation: | ||
Xxxxxx Capital Merger Sub I Inc. | ||
By: | /s/ Xxxxxx Xxxx | |
Name: | Xxxxxx Xxxx | |
Title: | Chief Executive Officer |
Merger Sub: | ||
Xxxxxx Capital Merger Sub II Inc. | ||
By: | /s/ Xxxxxx Xxxx | |
Name: | Xxxxxx Xxxx | |
Title: | Chief Executive Officer |
Company/Surviving Corporation: | ||
freight APP, Inc. | ||
By: | /s/ Xxxx Xxxxxxxxxxxxx | |
Name: | Xxxx Xxxxxxxxxxxxx | |
Title: | CFO |
Stockholders’ Representative: | ||
ATW Master Fund II, L.P. | ||
By: | ATW Partners XX XX, LLC | |
By: | /s/ Xxxxxxx Xxxx-Xxxxx, Xx. | |
Name: | Xxxxxxx Xxxx-Xxxxx, Xx. | |
Title: | Member |
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