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<br />3. Rent <br /> <br />a) Upon the Commencement Date, the Lessee shall pay Owner, as rent, the <br />sum of Fourteen Thousand Four Hundred dollars ($15,500.00) per year <br />based upon Lessee's installation as shown on Exhibit B. The first year's <br />rent shall be pro-rated to the end of 1996. The entire annual rent shall be <br />'paid on the Commencement Date and within the first ten (10) days of <br />January of each succeeding year. <br /> <br />b) The rent shall be increased annually (commencing January 1, 1997) by <br />four percent (4 %). <br /> <br />c) Lessee may not add additional equipment andlor antennas from that shown <br />in Exhibit B without approval of owner and an addendum agreement for <br />additional rent. <br /> <br />d) If the lease is tenninated, rent shall be pro-rated to the tennination date. <br /> <br />4. Property Use Lessee may use the property for the installation, operation, and <br />maintenance of facilities for the transmission and reception of radio communication signals in <br />such frequencies as may be assigned to Lessee by the Federal Communications Commission (the <br />"FCC") and for the storage of related equipment in accordance with the tenns of this Lease. <br />This use shall be non-exclusive. Lessee shall use the property in compliance with all federal, <br />state, and local laws and regulations. Owner agrees to reasonably cooperate with Lessee in <br />obtaining, at Lessee's expense, including Owner's reasonable attorney and administrative fees, <br />any federal licenses and permits required for Lessees use of the property. <br /> <br />5. Installation of Equipment and Leasehold Improvements <br /> <br />a) Lessee shall have the right, at it's sole cost and expense, to install, <br />operate, and maintain in accordance with good engineering practices, with <br />all applicable FCC rules and regulations, on the property, all necessary <br />equipment, personal property, and facilities which include radio <br />transmitting and receiving antennas not to exceed that designated in <br />Exhibit B (the "Antenna Facilities"). <br /> <br />b) Lessee's installation of all such Antenna Facilities shall be done according <br />to plans approved by Owner, which approval shall not be unreasonably <br />withheld. Owner shall approve or object to such plans within thirty (30) <br />days of receipt, and failure to make any objection within said thirty (30) <br />day period shall be deemed approval by Owner. Any damage done to <br />Owner's property during installation or operations itself during installation <br />and operations shall be repaired or replaced at Lessee's expense and to <br />Owners's reasonable satisfaction. <br /> <br />2 <br />