A ULA term has five endings, and the renewal campaign mentions two. This session closes module 3 with the decision made properly: certification as the default that needs nobody's permission, renewals priced as brand new entry negotiations against a fresh ceiling, the restructure and hybrid paths the campaign never offers, the perpetual ULA tested against futures you do not expect, and the final twelve months run so the decision lands internally before the pressure season starts.
A taught session with three knowledge checks: which path is the default (certification, and everything else carries the burden of proof), the PULA offered at 1.8 times the renewal fee, and the $3.4M renewal against a $1.25M forecast ceiling. It closes with three companies choosing three different right endings by the same method.