This Agreement shall be effective from the date first written above until December 31, 2014 unless extended or terminated earlier by mutual written agreement between the parties. The renewal period shall be determined by the parties within November of every year. If no termination notification by end of November, it would be presumed as renew automatically. Such termination shall not relieve the parties of any obligations with respect to confidential information disclosed hereunder, provided however that the obligations under this MOU as to any confidential information shall continue for 1 year after the date of expiration or termination of this Agreement.