Common use of Simultaneous Execution Clause in Contracts

Simultaneous Execution. The execution, delivery and effectiveness of this Sublicense Amendment Agreement are contingent upon the simultaneous execution and delivery of: (i) that certain Claims Purchase Agreement by and between NDT and Rockwell Capital Partners dated November 29, 2016 (the “Claims Purchase Agreement”); and (ii) that certain JDA Termination Agreement dated November 29, 2016, and (iii) that certain Amendment #2 to the Supply Agreement dated November 29, 2016. Notwithstanding anything in this Sublicense Amendment Agreement to the contrary, this Sublicense Amendment Agreement shall be null and void if the Claims Purchase Agreement becomes null or void.

Simultaneous Execution. The execution, delivery and effectiveness of this Sublicense Supply Amendment Agreement are contingent upon the simultaneous execution and delivery of: (i) that certain Claims Purchase Agreement by and between NDT and Rockwell Capital Partners dated November 29, 2016 (the “Claims Purchase Agreement”); and (ii) that certain JDA Termination Agreement dated November 29, 2016, and (iii) that certain First Amendment #2 to the Supply Exclusive Patent Sublicense Agreement dated November 29, 2016. Notwithstanding anything in this Sublicense Supply Amendment Agreement to the contrary, this Sublicense Supply Amendment Agreement shall be null and void if the Claims Purchase Agreement becomes null or void.

Simultaneous Execution. The execution, delivery and effectiveness of this Sublicense Amendment JDA Termination Agreement are contingent upon the simultaneous execution and delivery of: (i) that certain Claims Purchase Agreement by and between NDT and Rockwell Capital Partners dated November 29, 2016 (the “Claims Purchase Agreement”); and (ii) that certain JDA Termination Amendment #2 to Supply Agreement dated November 29, 2016, and (iii) that certain First Amendment #2 to the Supply Exclusive Patent Sublicense Agreement dated November 29, 2016. Notwithstanding anything in this Sublicense Amendment JDA Termination Agreement to the contrary, this Sublicense Amendment JDA Termination Agreement shall be null and void if the Claims Purchase Agreement becomes null or void.