This Agreement shall commence on the Effective Date and continue in full force until December 31, 2022 (the “Initial Term”) unless terminated earlier by mutual agreement of the Parties in writing or as otherwise provided in this Agreement. Following the Initial Term, Aerie may, at its option, renew the Agreement for up to two additional one (1) year periods by giving Cayman written notice of such election not less than sixty (60) days prior to the expiration of the Initial Term or the first renewal term, as applicable (each, a “Renewal Term” and, together with the Initial Term, the “Term”).