In the event that the Party fail substantially to comply with the terms of this Agreement and where such default continues after the expiry of thirty (30) Days from the date of receiving a notice to remedy the same from the non-defaulting Party. Notwithstanding the aforesaid, in the event the default cannot be remedied within sixty (60) Days but the defaulting Party has proceeded with action to remedy such default, then the defaulting Party shall be allowed such additional time as shall be reasonable to remedy the default.