Extension of Licence. 3.1 The Licensee shall have the option to purchase an extension to their non-exclusive license to use the Work, for an additional fee of [£] (a) for a period of 12 months immediately following the period described in 1.1 above, subject to the terms and conditions set out in this agreement. (b) This payment shall be additional to and not on account of any original purchase payable under the terms of this agreement. 3.2 This option must be exercised no later than 3 months before the period of rights set out in 1.1 above, or any subsequent rights period. This option will expire if not exercised and all rights herein to the Work shall revert back to Greenwich Dance.
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Sources: Licence Agreement, Licence Agreement