2.7. ERMUSR 03-15-2016 - Laserfiche WebLink

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Lessee shall, prior to the installation of any Equipment on the Property, obtain all required land use approvals, building permits, and other governmental approvals required for installation and operation of the Equipment. Lessee shall also comply with all applicable governmental regulations regarding the installation and operation of the Equipment, including, without limitation, the requirements of the FCC, FAA, OSHA, and all other regulatory agencies with jurisdiction over the Equipment (collectively, the "Regulatory Requirements"). Failure of Lessee to comply with the Regulatory Requirements shall be a default, entitling Lessor to exercise the remedies hereinafter set forth including,but not limited to,termination of this Lease. Lessor agrees to cooperate with Lessee at no cost to Lessor with respect to obtaining any required zoning or other governmental approvals for the Site, the Facilities and contemplated use thereof. Furthermore, Lessee shall not allow its Equipment to interfere with the facilities of a user with a higher priority pursuant to Lessor's Policy Statement, or a user whose use of the Water Tower predates the Commencement Date of this Lease (such users being "Priority Users"). 3. Initial Term The Lease is effective upon full execution hereof. The initial term of this Lease ("Initial Term") shall be for a period of five (5) years commencing on the earlier of (i)Lessee construction start or (ii)January 1, 2017 ("Commencement Date"). Lessee may terminate the Lease for any reason or no reason prior to the Commencement Date, but agrees to reimburse Lessor pursuant to paragraph 5(c) hereof for all of Lessors costs incurred prior to such termination date. 4. Renewal Terms Subject to Lessor's right set forth in item (2) of the following paragraph, Lessee shall have the right to extend this lease four (4) times, for a period of five (5) years each (the "Renewal Terms"). The Renewal Terms shall be on the same terms and conditions as set forth in this Lease,except that rent shall be increased as provided in paragraph 5(b). This Lease shall automatically be renewed for the Renewal Terms unless: (1)Lessee notifies Lessor of Lessee's intention not to renew the Lease at least forty-five (45) days prior to the expiration of the Initial Term or the Renewal Term which is then in effect; or (2)Lessor notifies Lessee of Lessor's intention not to renew the Lease at least three hundred sixty (360) days prior to the expiration of the Renewal Term which is then in effect. • 5. Consideration (a) Initial Term. Lessee shall pay to Lessor as rental the sum of Thirty Thousand Dollars ($30,000.00) per annum ("Lease Payment"). The Lease Payment shall be increased annually commencing one (1) year from the Commencement Date of this Lease at a rate equal to four (4%) percent of the previous year's rental. The Lease Payment shall be paid annually in advance with the first such annual payment due within thirty (30) days after the Commencement Date and thereafter on each anniversary of the Commencement Date,partial years to be pro-rated. 3 128