7.3 If the Closing does not occur due to failure of the Purchaser to fulfil their duties under any provisions of this Agreement or if the Purchaser’s warranties and representations under this Agreement becomes false to material extent on or before the Closing Date or extended date or extended date as shall be agreed by the Parties in writing, and such failure has not been remedied within xx days from the Closing Date, or the Purchaser fails to transfer Deposits into the Equity Escrow Account on any due date or the extended date as shall be agreed by the Parties in writing, the Sellers have right to forfeit the Payments only which it is duly released from the Equity Escrow Account to the Sellers and this Agreement shall be automatically terminated, in which case, the Purchaser shall not make any claims from the Sellers.