Confirming renewal of an agreement

We refer to the License Agreement between [NAME OF FIRST PARTY TO AGREEMENT] and [NAME OF SECOND PARTY TO AGREEMENT] dated [DATE OF AGREEMENT, ex. January 5, 1996], the term of which is due to expire on [DATE OF EXPIRY OF AGREEMENT, ex. August 1, 1998]. We confirm our mutual agreement to renew the term of the Agreement for a further term of [NO. OF YEARS TO BE RENEWED, ex. three years]. We look forward to a continuing mutually beneficial relationship during this period. Sincerely,