On 30 December 1966, the United States and the UK executed an agreement through an Exchange of Notes which permitted the United States to use the BIOT for defence purposes for 50 years until December 2016, followed by a 20-year extension (to 2036) as long as neither party gave notice of termination in a two-year window (December 2014 – December 2016) and the UK may decide on what additional terms to extend the agreement. No monetary payment was made from the United States to the UK as part of this agreement or any subsequent amendment. Rather, the United Kingdom received a US$14-million discount from the United States on the acquisition of submarine-launched Polaris missiles per a now-declassified addendum to the 1966 agreement.