20-3188 Land Lease Agreement Cellco Partnership dba Verizon Wireless

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As of the Effective Date and subject to the provisions of Paragraph 36 of this Agreement, LESSOR also grants to LESSEE the right to install the COW, and a power source to the extent necessary in LESSEE's reasonable discretion, on the Property in a location reasonably agreed upon in writing between LESSOR and LESSEE, and the general contractor engaged by LESSOR to complete the removal of the Lessor's Tower and restoration of the land thereunder (the "LESSOR's General Contractor"), until such time as the COW is required to be removed in the Government Approvals or 6 months after installation, whichever is less. Notwithstanding the foregoing, the parties acknowledge and agree that LESSEE currently has certain equipment located on the LESSOR's Property and until the Removal Date, LESSEE shall be permitted to access, use, and maintain any and all of LESSEE's equipment currently located on the LESSOR's Tower and on the LESSOR's Property in compliance with the terms of the Initial Lease. 2. INITIAL TERM. This Agreement shall be effective as of the date of execution by both Parties ("Effective Date"). The initial term of the Agreement shall be for 5 years beginning on the Effective Date. 3. EXTENSIONS. This Agreement shall automatically be extended for four (4) additional five (5) year terms unless LESSEE terminates it at the end of the then current term by giving LESSOR written notice of the intent to terminate at least three (3) months prior to the end of the then current term. The initial term and all extensions shall be collectively referred to herein as the "Term". 4. RENTAL. (a). Rental payments shall begin on the Effective Date and be due at a total annual rental of $28,000.00. The annual rental payment shall be due on the anniversary of the Effective Date for each subsequent year. Annual rental payments shall be made to LESSOR at City of Casselberry, Attention Public Works Director, 95 Triplet Lake Drive, Casselberry, Florida 32707 or to such other person, firm, or place as LESSOR may, from time to time, designate in writing at least 30 days in advance of any rental payment date by notice given in accordance with Paragraph 20 below. Commencing on the first annual anniversary of the Effective Date and on each annual anniversary thereafter during the Term and any extension term, the annual rental shall increase by an amount equal to three percent (3.0%) of the annual rental due for the immediately preceding lease year. LESSOR and LESSEE acknowledge and agree that the initial annual rental payment may not be delivered by LESSEE until at least ninety (90) days after the Effective Date. Upon agreement of the Parties, LESSEE may pay rent by electronic funds transfer, and in such event, LESSOR agrees to provide to LESSEE bank routing information for such purpose upon request of LESSEE. Should the required annual rental payment not be received by LESSOR on the date due, LESSOR shall provide LESSEE with written notice, at the address provided in Section 20, that the annual rental payment is past due. Any rental payments not paid by LESSEE to LESSOR within ten (10) days of the date of LESSOR's written notice shall incur a late payment charge of five (5) percent of the amount due. (b). For any party to whom rental payments are to be made, LESSOR or any successor in interest of LESSOR hereby agrees to provide to LESSEE (i) a completed, current version of Internal Revenue Service Form W-9, or equivalent; (ii) complete and fully executed state and local withholding forms if required; and (iii) other documentation to verify LESSOR's or such other party's right to receive rental as is reasonably requested by LESSEE. Rental shall accrue in accordance with this Agreement, but LESSEE may not deliver rental payments for up to 90 days after the requested documentation has been received by LESSEE. 2