The term of this Agreement is three (3) years from the date above (the Effective Date). The term shall be automatically extended at the expiration of the Initial Term for a period of one (1) year and extended thereafter on each anniversary of the Effective Date from year-to-year for consecutive one-year terms, each one-year extension an “Extended Term,” unless either Party delivers written notice of termination to the other at least sixty (60) days prior to the expi