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3 . bent. a) On the Commencement Date, the Lessee shall pay Owner, as rent., the sum of twenty -two thousand and No/100 Dollars ($22,000.00) per year, in monthly installments based upon Lessee's installation as shown on Exhibit B. b) The rent shall be increased annually, commencing September 15, 2004 by 3% per annum, c) In consideration for Lessee's construction of the telecommunications tourers Lessee shall receive a credit of $30,000.00. The credit shall be taken as a reduction in the rent owed by Lessee to Owner under the Lease. This credit shall reduce the first dollars Lessee owes to Owner for rent. As soon as the credit is exhausted, the Lessee shall commence paying Owner the rental amounts due under the Lease. d) Lessee may not add additional equipment and/or antennas from that shown in Exhibit B without approval of Owner and an addendum agreement for additional rent. e) If the lease is terminated, rent shall be pro - rated to the termination date. 4. Propelly /tike,, Lessee may use the property for the installation, operation, and maintenance of facilities for the transmission and reception of radio communication signals in such frequencies as may be assigned to Lessee by the Federal Communications Commission (the "FCC"') and for the storage and use of related equipment in accordance with the terms of this Lease. This use shall be non - exclusive, Lessee shall use the property in compliance with all federal, state, and local lags and regulations. Owner agrees to reasonably cooperate with Lessee In obtaining, at Lessee's expense, including Owner's reasonable attorney and administrative fees, any federal licenses and permits required for Lessees use of the property. 5. Installation of Equipment and Leasehold Improvements. a) Lessee shall have the right, at its sole cost and expense, to erect, install, operate, and maintain in accordance with good engineering practices, with -all applicable FCC rules and regulations, on the property, the necessary tower, equipment, personal property, and facilities which include radio transmitting and receiving antennas not to exceed that designated in Exhibit B (the "Antenna Facilities"). - b) Lessee's installation of all such Antenna Facilities shall be done according to glans approved by Owner, which approval shall not unreasonably be withheld. Owner shall approve or object to such plans within thirty (30) days of receipt, and failure to make any objection within said thirty (30) days shall be deemed approval by Owner. Any damage done to Owner's property during, installation or operations itself during installation and operations shall be repaired or replaced at Lessee's expense and to Owner's reasonable satisfaction. P