While each of the SPA and the BTA were executed on 31 May 2017. Under provisions of the SPA and the BTA, either party is entitled to terminate the agreement if the closing does not take place within expiry of 12 months from date of execution of the SPA and the BTA. Since the closing has not been achieved within said period of 12 months the Company has terminated the SPA and the BTA with notice to other parties. Therefore, the SPA and the BTA stand terminated.