The term of this Agreement is 12 months, commencing on Jan 01, 2017 and ending on Dec 31, 2017 (hereinafter referred to as “the Term”). The Lessee may extend the Term by giving to the Lessor the written letter at least three (3) months prior to the end of the Term. When the Lessor received the above notification from the Lessee, the term period shall be automatically extended for another 12 months from the expiration date under the same terms and conditions, except the rental payment that to be martually agreed between both parties.