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Site Name:Phelps NC <br /> Site Number:280138 <br /> LEASE AGREEMENT <br /> THIS LEASE AGREEMENT("Agreement')is made effective as of the date of the latter <br /> signature hereof(the"Execution Date")and is by and between Landlord and American Tower. <br /> RECITALS <br /> A. WHEREAS, Landlord is the owner of that certain parcel of land(the "Property") located in the <br /> County of Orange, State of North Carolina,as more particularly described on Exhibit A; <br /> B. WHEREAS, Landlord desires to grant to American Tower an option to lease from Landlord a <br /> portion of the Property(the"Compound'),together with easements for ingress and egress and the <br /> installation and maintenance of.utilities (the "Easement' and together with the Compound, the <br /> "Site")both being approximately located as shown on Exhibit B;and <br /> NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, <br /> and other good and valuable consideration, the receipt, adequacy and sufficiency of all of which are <br /> hereby acknowledged,the parties hereto hereby agree as follows: <br /> 1. Business and Defined Terms. For the purposes of this Agreement, the following capitalized <br /> terms have the meanings set forth in this paragraph 1. <br /> (a) American Tower: American Towers LLC,a Delaware <br /> limited liability company <br /> (b) Notice Address ofAmerican Tower: American Towers LLC <br /> c/o American Tower Corporation <br /> 10 Presidential Way <br /> Woburn,MA 01810 <br /> Attn: Land Management <br /> with a copy to: American Towers LLC <br /> c/o American Tower Corporation <br /> 116 Huntington Ave. <br /> Boston,MA 02116 <br /> Attn:Law Department <br /> (c) Landlord.• Orange County,North Carolina <br /> (d) Notice Address of Landlord: Orange County <br /> Attn: County Manager <br /> P.O.Box 8181 <br /> Hillsborough,NC 27278 <br /> (e) Initial Option Period: Six(6)months. <br /> (f) Renewal Option Period(s):Up to two(2)periods of ninety(90)days each. <br /> (g) Option Period: The Initial Option Period and any Renewal Option Period(s) <br /> 1SK011162.DOCX 211 <br />