KINGSWAY FINANCIAL SERVICES INC.
Item1.02. Termination of a Material Definitive Agreement.
As previously disclosed, on October 19, 2023, Kingsway Search Xcelerator Inc. ("Kingsway Buyer"), a subsidiary of Kingsway Financial Services Inc. (the "Company"), entered into a Membership Interest Purchase Agreement (the "Agreement") with National Institute of Clinical Research Inc. (the "Seller") and Dr. Sali Aswad (the "Shareholder").
On December 23, 2023, Kingsway Buyer delivered written notice to the Seller and the Shareholder that effective immediately it has terminated the Agreement as a result of the Seller's and the Shareholder's uncured breaches of certain representations, warranties, covenants and agreements and the resulting inability of the Seller and the Shareholder to satisfy the conditions to Kingsway Buyer's obligation to consummate the transactions contemplated by the Agreement.
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Kingsway Financial Services Inc. published this content on 29 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 December 2023 21:06:19 UTC.
