RIGHT TO CANCEL The purchaser or leasee is hereby expressly granted the absolute right to cancel this contract or agreement within seven days following the signing of this contract or agreement, by giving the subdivider notice of cancellation at the address listed in the offering statement filed by the subdivider, by registered or certified mail return receipt requested. Within ten days of receipt of such a notice of cancellation the subdivider shall return to the purchaser or lessee all consideration paid or delivered on account of such contract or agreement.