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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.

Non-Renewal by the Company.Advisor. The CompanyAdvisor may elect not to renew this Agreement prior to the expiration of the Initial Term or any Renewal Term by delivering to the AdvisorCompany 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)d)] 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.

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