4. Transfer of the ownership of the Equipment shall occur on the condition precedent that the Buyer pays the total price i.e. USD 157,213.00 (say: One Hundred Fifty Seven Thousand Two Hundred and Thirteen American Dollars). The ownership right of the Equipment is transferred to the Buyer on the date of the receipt of the total sale price by the Seller. In case Buyer should be in default of payment, Buyer irrevocably agrees that Seller shall have the immediate right to enter Buyer’s premises and retake possession of the Equipment and Buyer expressly consents hereto in advance and without any further steps being required on the Seller’s side.