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13 <br /> i. The Lessee shall pay rent to the Lessor at the monthly rate of Nine Hundred <br /> Dollars and 00/100 DOLLARS ($900.00) ("Rental Fee") in U.S. Dollars, or Lessee may choose <br /> to pay said rent in advance on an annual or semi-annual basis. <br /> ii. Said rent shall increase on January 1, 2004, and each January 1" of each <br /> subsequent year of the term thereof by an amount equal to five percent (5%) of the Rental Fee in <br /> effect for the previous year. <br /> iii. Such rent shall be paid as and when due to Lessor, as designated in this Lease, or <br /> at such other address,which the Lessor designates, by written notice to Lessee. <br /> iv. Rent shall not include electricity. Lessee shall have a separate meter to measure <br /> Lessee's electric consumption and Lessee shall pay directly to the public utility company for any <br /> electricity used by Lessee's equipment. <br /> v. Third party shall be entitled to a Siting Fee to be paid by any approved co-locating <br /> user. The Siting Fee shall be determined by Third Party to reimburse Third Party for a portion of <br /> its capital costs for its Communications Facilities on which the co-locater will be installing its <br /> equipment. Siting Fee payment will be required prior to the initiation of any work at Site. <br /> vi. Lessee will share the cost of the tower utilities paid by Third Party such as <br /> electrical power,tower lighting, and tower compound maintenance. <br /> 5. OPTION TO EXTEND: Lessee is hereby given the option to extend the term of <br /> this Lease in accordance with all of the provisions contained in this Lease except rental, for two <br /> five (5) year terms ("Option Term One" and "Option Term Two"), by giving written notice of <br /> exercise of the option ("Option Notice") to Lessor six (6) months or more prior to expiration of <br /> each Term. Failure to provide the required Option Notice for Option Term One shall result in the <br /> termination of this Lease upon the expiration date of this initial term or in the case of failure to <br /> provide the Option Notice for Option Term Two, then this Lease shall terminate at the end of <br /> Option Term One. <br /> The Rental fee during each Option Term shall be negotiated between the parties and <br /> evidenced in an addendum to this Lease. If the parties are unable to agree on the monthly rent <br /> for the extended term within thirty (30) days of the Notice date, then within thirty (30) days after <br /> giving of the Option Notice, Lessee shall retain an MAI appraiser who shall render a written <br /> appraisal of the fair market rental of the leased premises. A copy of Lessee's appraisal shall be <br /> given to Lessor within sixty (60) days after giving of the Option Notice. Lessor and Lessee shall <br /> then negotiate regarding the fair market rental of the leased Site. If Lessor and Lessee are unable <br /> to reach an agreement as to the fair market rental of the leased Site within thirty (30) days of the <br /> receipt of Lessee's appraisal by Lessor, Lessor shall retain an MAI appraiser who shall render a <br /> written appraisal of the fair market rental of the leased premises as of the date of such appraisal. <br /> A copy of the appraisal made by Lessor's MAI appraiser shall be given to Lessee within one <br /> hundred twenty (120) days of the receipt of Lessee's appraisal by Lessor. If Lessor and Lessee <br /> are unable to reach an agreement as to the fair market value of the leased Site within thirty (30) <br /> Page 4 of 30 <br />