You shall be in default hereunder, and there shall be a breach of this Agreement, if: a) You fail to pay any monthly lease payment after the same becomes due, b) You attempt to remove, sell, transfer, encumber, sublet or part with possession of the Domain, or c) You fail to observe or perform any of the other obligations required to be observed or performed by You hereunder ("Default"). In the event of Default, Epik shall repossess the Domain and have no further obligation to You, provided however, You shall be bound by all the terms and conditions of this Agreement as may be set forth herein.