On or before June 30, 2022, the Franchisee has to ~:l::'i 'nitlng the Franchisor on whether it wants to trigger Its option to extend this Agreement The written notification must be !is' 'ared to the Franchisor by June 30, 2022, and It shall be deemed to have been timely if transmitted by telefax, with the original to follow within 10 days. After receipt of this notification, the parties shall, during the following 6 months prior to the term ina- ~:o Ofthis Agreement, enter Into negotiations in order to conclude an agreement on such terms and conditions which shall const'tute the basis for the new contractual period. If no agreement can be reached during this time frame, this Agreement shall terminate without further notification as of the end of the contractual term.