Term - the initial term of the Agreement or any renewal or extension.

Annual Bonus. Executive shall not be entitled to an annual bonus for the Initial Term. Any bonuses for the initial term will be the sole discretion of the Board. During a Renewal Term, Executive shall be entitled to such bonuses, on such terms and conditions for such bonuses, as the Parties may agree.

Non-Renewal by the Company. The Company may elect not to renew this Agreement prior to the expiration of the Initial Term or any Renewal Term by delivering to the Advisor a written notice of non-renewal no later than one hundred eighty (180) days prior to the expiration of the Initial Term or a Renewal Term, as applicable. Unless otherwise agreed to by the Parties, the Termination Date for any termination pursuant to this Section 15(a) shall be the last day of the Initial Term or Renewal Term, as applicable. Any decision by the Company to terminate for non-renewal pursuant to this Section 15(a) must be approved by at least two-thirds of the Independent Directors.

TERM OF AGREEMENT. Until this Agreement is terminated in accordance with Section 15 hereunder, this Agreement shall be in effect from the Effective Date until the fifth (5th) anniversary of the Effective Date (the "Initial Term") and shall be automatically renewed for a one (1) year term on each anniversary date thereafter for a maximum of three (3) one (1) year renewal terms (each, a "Renewal Term").

Term. The term of this Agreement commenced effective as of the Launch Date and, unless terminated earlier pursuant to any of this Agreement's express provisions, will continue through and including June 30, 2019 (the "Initial Term"). Unless terminated earlier pursuant to any of this Agreement's express provisions, the Agreement shall thereafter automatically renew for successive one (1) year terms (each, a “Renewal Term,“ and together with the Initial Term, the “Term”) until such time as a Party provides the other Party with written notice of termination; provided, however, that: # such notice must be given no fewer than fifteen (15) calendar days prior to the last day of the then-current Initial or Renewal Term; and, # any such termination shall be effective as of the date that would have been the first day of the next Renewal Term.

Renewal. If, as of the Effective Date, [[Organization C:Organization]] holds any outstanding undivided percentage ownership interests (each an “Existing Participation Interest”) in any Mortgage Loan purchased by [[Organization C:Organization]] from [[Organization B:Organization]] pursuant to a written mortgage warehouse agreement or similar written agreement executed by [[Organization C:Organization]] and [[Organization B:Organization]] prior to the Effective Date (as amended or modified from time to time, the

Renewal. A Participant who has revoked a Deferral Election may file a new Deferral Election to defer Compensation payable with respect to services performed or a performance period ending in the calendar year following the year in which such new Deferral Election is filed.

upon the expiration of the Initial Term of this Agreement or any Renewal Term thereof, if either party has provided a timely Non-Renewal Notice in accordance with Section 3, above;

Executive’s employment under this Agreement shall commence on the date first set forth above (the “Commencement Date”). Executive’s employment shall continue thereafter until the third anniversary of the Commencement Date (the “Initial Term”); and shall be automatically extended for one (1) additional year (a “Renewal Term”) at the end of the Initial Term, and an additional one (1) year Renewal Term at the end of each Renewal Term (the last day of the Initial Term and each such Renewal Term is referred to herein as a “Term Date”), unless either Party provides written notice to the other of its non-renewal of this Agreement not later than sixty (60) days prior to a Term Date, or Executive’s employment is terminated sooner under paragraph 3 of this Agreement. The period during which Executive’s employment continues in effect pursuant to this Agreement is hereinafter referred to as the Employment Period.

Term. Unless earlier terminated pursuant to Section 4.02, this Agreement shall remain in effect from the Effective Date until May 31, 2021 (the “Initial Period”) and shall thereafter automatically be extended for successive three-year periods (each a “Renewal Period”) unless Newco provides written notice of non-renewal to Crestwood Midstream, or Crestwood Midstream provides written notice of non-renewal to Newco, in either case at least six (6) months prior to the end of the Initial Period or Renewal Period then in effect (as applicable).