Extension Periods. If neither Shareholder timely provides a termination notice, the JV shall automatically renew for an additional 2 years period beginning at the end of the Restrictive Period (the “Extension Period”) Extension Periods shall continue every five (5) years until one Shareholder provides a termination notice.
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Sources: Joint Venture Agreement (Nexalin Technology, Inc.), Joint Venture Agreement (Nexalin Technology, Inc.)
Extension Periods. If neither Shareholder timely provides a termination notice, the JV shall automatically renew for an additional 2 years six- (6-) month period beginning at the end of the Restrictive Period (the each such period, an “Extension Period”). All other Extension Period(s) commencing after the expiration of the initial Extension Periods Period set forth in the immediately preceding clause shall continue every five five- (55-) years until one Shareholder provides a termination notice.
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