2.4  Termination

If each of the Conditions Precedent is not satisfied or waived by the target date for satisfaction of the Conditions Precedent, government may terminate each of the Project Contracts. In that event:

(a)  neither party will be entitled to claim against the other in respect of these Project Contracts except those parts expressly said to take effect despite the non-satisfaction or waiver of the Conditions Precedent;

(b)  all future rights and obligations of the parties under the Project Contracts and otherwise in connection with the project are terminated; and

(c)  government may call upon any Conditions Precedent bond.

Government will have the right to extend any target date for the satisfaction of Conditions Precedent.