The joint venture created pursuant to this Agreement shall commence as of the Effective Date, and may be dissolved by either GCT or Seawolf at any time on ninety (90) days advance notice. In the event of dissolution, GCT will have the option to purchase Seawolf’s interest in GCTLO for a purchase price equal to a full valuation of GCTLO of two and a half (2.5) times the twelve (12) month trailing earnings before interest, taxes, depreciation and amortization (“EBITDA”). In the event that GCT elects not to purchase Seawolf’s interest as set forth above, GCTLO will be dissolved and the respective contributions of each Party returned to them without further consideration.