12.3.Any Licensee may give at least 60 days written notice of its intention to cease to be a Licensee under this Agreement provided the Licensee confirms in such notice that the reason for termination is the withdrawal or cessation of funding in respect of the Annual Licence Fee as set out in clauses 6.3 and 6.4. Consequential amendments as are necessitated by such termination will be made to this Agreement following such notice. In particular Schedules 1 and 2 shall be deemed amended accordingly.
