Common use of Termination by the Manager Clause in Contracts

Termination by the Manager. The Manager may terminate this Agreement if the Company becomes required to register as an investment company under the Investment Company Act of 1940, as amended, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing the Company with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the Company defaults in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the Company by the Manager specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.

Termination by the Manager. The Manager may terminate this Agreement if upon 60 days’ prior written notice to the Company becomes required to register as an investment company under in the Investment Company Act of 1940, as amended, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing event that the Company with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the Company defaults shall default in the performance or observance of any material term of term, condition or covenant contained in this Agreement and the such default continues shall continue for a period of 30 days after written notice to the Company by the Manager thereof specifying such default and requesting that the same be remedied in 30 days, the such 30-day period. The Manager may also terminate this Agreement in its sole discretion effective immediately concurrently with or within 90 days following a Change in Control or a non-cause termination of the Property Management Agreement, in each case upon 60 30 days’ prior written noticenotice to the Company.

Termination by the Manager. The Manager may terminate this Agreement if upon 60 days’ prior written notice to the Company becomes required to register as an investment company under in the Investment Company Act of 1940, as amended, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing event that the Company with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the Company defaults shall default in the performance or observance of any material term of term, condition or covenant contained in this Agreement and the such default continues shall continue for a period of 30 days after written notice to the Company by the Manager thereof specifying such default and requesting that the same be remedied in 30 days, the such 30-day period. The Manager may also terminate this Agreement in its sole discretion effective immediately concurrently with or within 90 days following a Change in Control or a non-cause termination of the Property Management Agreement, in each case upon 60 30 days’ prior written notice.notice to the Company. 16

Termination by the Manager. The Manager may terminate this Agreement if the Company becomes required to register as an investment company under the Investment Company Act of 1940, as amendedAct, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing the Company s▇▇▇▇▇ Entities with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the Company defaults s▇▇▇▇▇ Entities default in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the Company by the Manager s▇▇▇▇▇ Entities specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.

Termination by the Manager. The Manager may terminate this Agreement if the Company becomes required to register as an investment company under the Investment Company Act of 1940, as amendedAct, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing the Company AHP Entities with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the Company defaults AHP Entities default in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the Company by the Manager AHP Entities specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.

Termination by the Manager. The Manager may terminate this Agreement if the Company becomes required to register as an investment company under the Investment Company Act of 1940, as amendedAct, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing the Company NL Entities with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the Company defaults NL Entities default in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the Company by the Manager NL Entities specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.

Termination by the Manager. The Manager may terminate this Agreement if the Company becomes required to register as an investment company under the Investment Company Act of 1940, as amendedAct, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing the Company Belpointe Entities with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the Company defaults Belpointe Entities default in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the Company by the Manager Belpointe Entities specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.