7.4 Subject to Clause 7.1, if there is no Closing on the Closing Date or extended date as shall be agreed by the Parties in writingdue to failure of the Purchaser to fulfil their duties under any provisions of this Agreement or if any of the Purchaser’s warranties and representations under this Agreement becomes false to material extent on or before the Closing Dateor the Purchaser fails to transfer Deposit into the Equity Escrow Accounton any due date or the extended date as shall be agreed by the Parties in writing,the Sellers have right to terminate this Agreement and forfeit the Payments only the 1st Payment, in which case, the Purchaser shall not make any claims from theSeller.If Sellers cannot make a claim other than 3% the capped amount of compensation in case Purchaser’s default should be 3%.