TERMINATION

13.1 If the Purchaser (being an individual) enters into a deed of arrangement or if a petition is presented for the making of a bankruptcy order against him or if he compounds with his creditors or if (being a company) an application for an order is made or a resolution is passed for the winding-up of the Purchaser or if a meeting is called to approve the appointment of a liquidator to the Purchaser or if a petition is presented to the Court for the appointment of an administrator to the Purchaser or over any part of the Purchaser’s undertaking or if circumstances arise which might entitle the Court of a creditor or the Purchaser to appoint a receiver, manager, administrative receiver or administrator or which might entitle the Court to make a winding-up order or if the Purchaser takes or suffers any similar or analogous action in consequence of debt or commits a breach of any contract between the Seller and the Purchaser the Seller may without prejudice to any of its other rights stop any goods in transit a and/or suspend further deliveries to the Purchaser and/or exercise its rights under Condition 7 and/or by notice in writing to the Purchaser terminate any contract with the Purchaser.

13.2 Upon termination of any contracts pursuant to Condition 14 any indebtedness of the Purchaser to the Seller shall become immediately due and payable and the Seller shall be relieved of any further obligation to supply any goods to the Purchaser pursuant to such contracts.

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