The term of this Agreement (the “ Term ”) shall commence on the date hereof and continue for the initial period (the “ Initial Term ”) of five (5) years from such date, and thereafter shall be automatically extended for additional periods of one year (each, a “ Renewal Term ”) unless either party provides notice to the other in writing not less than 90 days prior to the expiration of the Initial Term or the Renewal Term then in effect that it does not wish to so renew the Term.