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Lessee 's Site ID : South Reverse Osmosis, No. 69023 Sublessee 's Site ID : FL6593C TRI-PARTY SUBLEASE AGREEMENT This Tri -Party Sublease Agreement ("Agreement") is made and entered into this 14th day of November , 2006 by and among INDIAN RIVER COUNTY, a political subdivision of the State of Florida, with a mailing address located at 1840 25 `h Street, Vero Beach, Florida 32960, hereinafter designated "Owner" , and VERIZON WIRELESS PERSONAL COMMUNICATIONS LP d/b/a Verizon Wireless, with its principal office located at 180 Washington Valley Road, Bedminster, New Jersey 07921 , hereinafter designated " Lessee", and SPRINT SPECTRUM L.P . , a Delaware limited partnership, with its mailing address located at Mailstop KSOPHT0101 -Z2020, 6391 Sprint Parkway, Overland Park, Kansas 66251 -2020, hereinafter referred to as " Sublessee" . RECITALS WHEREAS , Owner is the owner of certain real property situated at 1550 91h Street SW, City of Vero Beach, Indian River County, Florida 32962 (hereinafter the "Property") . WHEREAS , Owner and Lessee entered into that certain Land Lease Agreement dated July 19, 2005 (hereinafter referred to as the " Prime Lease"), attached hereto as Exhibit 1 , whereby Lessee leased a portion of the Property legally described in the Prime Lease (herein the "Premises") for the purpose of constructing and operating a communications tower and facilities . WHEREAS , Sublessee desires to sublease from Lessee both ground space and tower space to install , maintain and operate a communications facility. WHEREAS, Section 32 of the Prime Lease requires any sublessee co -locating within the Premises to execute this Agreement. WHEREAS, this Agreement shall constitute Lessee's written notice to Owner of a sublease of the Premises as required by Section 32 of the Prime Lease . NOW, THEREFORE , for and in consideration of the covenants and conditions set forth herein, and other good and valuable consideration , the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows : 1 . The foregoing Recitals are true and correct and are incorporated herein by reference. 2 . Pursuant to Section 32 of the Prime Lease, Sublessee acknowledges and agrees that any sublease rent due under that certain Site Lease Acknowledgement dated , 20, by and between Lessee and Sublessee, hereinafter referred to as the "Sublease", is to be split equally between Owner and Lessee and that Sublessee is obligated on the first ( I ") day of each month during the term of the Sublease to pay Owner for its fifty percent (50%) share of said rent. In the event Sublessee fails to timely make any payment to Owner due under this Agreement, and such failure continues for more than fifteen ( 15 ) days after