1. (a In the event that the Seller cancels a Contract by reason of (i) the Buyer’s breach of the Contract or (ii) conduct on the part of the Buyer entitling the Seller to cancel (iii) the Seller establishing that sanctions against the Buyer were in force at the date of the Contract then the Buyer shall have no recourse to the Seller and the Buyer shall be responsible for all

losses, costs and expenses suffered by the Seller by reason of the cancellation, which shall include but not be limited to:

vi.   The Seller’s loss of profit on the Contract.

vii.  Costs or charges reasonably incurred to the Seller’s sub-contractors or suppliers; viii. Administration costs.

2. (b If the Buyer cancels the supply after the Order Confirmation any costs, expenses or charges incurred by the Seller with its supplier/sub-contractors are for Buyer’s account, and the Buyer shall be liable to pay to the Seller the difference between its selling price to the Buyer and the price payable to the Seller’s supplier, such sum to be paid immediately.