Clause 2 : Service Term and Renewal
2.1 All the terms and conditions of the Lease Agreement shall apply to, be incorporated herein and govern this Agreement.
2.2 This Agreement shall be valid so long as the Lease Agreement is in effect and enforceable. If the Lease Agreement is terminated for whatever reason, this Agreement shall then be terminated forthwith and the notification therefor shall not
be required.
2.3 Subject to Clause 2.2, the term of this Agreement shall be for a period of three years and three months (3.3)
commencing on mm/dd/yy“ and expiring on mm/dd/yy.
2.4 Following expiration of the initial service term as specified in Clause 2.3, the EmployerLumen shall have the right to renew this Agreement for a further 1(One) year term on the same terms and conditions of this Agreement and at the then prevailing Service Fee. For the avoidance of doubt, any increase in the Service Fee shall not exceed the rate of increase of the Consumer Price Index published by the Bank of Thailand for the three years preceding the renewal date. If the EmployerLumen wishes to renew this Agreement as aforesaid, the EmployerLumen shall, not later than three (3) months before the expiration of the initial service term, give a written notice to the Contractor of his its intent to renew this Agreement.