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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 /> Be 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 of American Tower : American Towers LLC <br /> c/o American Tower Corporation <br /> 10 Presidential Way <br /> Woburn , MA 0 18 10 <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 Periods) : 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 /> ( SK011162 . DOCX 2 ) I <br />