definiens: means each of up to [ … * * * … ] periods beginning on the [ … * * * … ] ( ) and each anniversary [ … * * * … ] ( each of,,, and below ) for which [COMPANY] has paid the following amounts per year ( each, an ): Year 1 : $ [ … * * * … ] Year 2 : $ [ … * * * … ] Year 3 : $ [ … * * * … ] Year 4 : $ [ … * * * … ] Year 5 : $ [ … * * * … ] [COMPANY] shall notify [COMPANY] of its decision whether or not to exercise its exclusivity option prior to [ … * * * … ] ( with respect to Year 1 ) in accordance with this Agreement ( including Section 3.1.2 ), which expiration shall be confirmed by the Joint Project Team upon [COMPANY] ’s request, and not less than [ … * * * … ] prior to the expiration of the prior Year ( with respect t o each subsequent Year ) . [ … * * * … ] . For clarity, [ … * * * … ] ; provided, for clarity, [ … * * * … ] . If [COMPANY] has paid the Exclusivity Payment for each of Years 1 - 5 and requ ests an extension of the Exclusivity Period beyond the five ( 5 ) years set forth above, the Parties shall discu ss, in good faith, the terms on which [COMPANY] would, in its s ole discretion, make such an extension available to [COMPANY], at that time . For purposes of the foregoing each of Ye ar 1, Year 2, Year 3, Year 4 and Year 5 may be refe rred to as a . Payment for each Year of exclusivity shall be ma de by [COMPANY] within the [ … * * * … ] from the date of receipt of a corresponding Invoice from [COMPANY]