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late charge in the amount of, The Commencement Date is defined as the first (I") day of the Month following the date this Agreement is executed by the pal -ties or the first (0) day of the month following tile date LESSEE is a permit by the governmental agency charged with issuing such permits, whichevgraernteevd entbocuildingcurs last; provided, however, in no event shall the Commencement Date occur later than the first (I't) day of the month following the date, that is three (3) months after the date this Agreement is executed by the Parties. 3.2. LESSEE shall furnish and install a separate electrical meter at the premises for the measurement of electrical power used by LESSEE's installation, LESSEE shall Pay the local utility provider directly for its power consumption at the Promises. 4. EX �FEN S I �QN S, This Agreement shall automatically be, extended for four (4) additional five (5) year terms unless the LESSEE terminates it at the end of the then current term by giving the LESSOR written notice of the intent to terminate at least six (6) months prior to the end of the then current term. 5. ANNUAL RE -NT INCREASE. Commencing on the first annual anniversary Of the Commencement Date and on each annual anniversary thereafter during the term of this Agreement I including all extension terms), annual rent shall increase by an amount equal to of the annual rent due for the immediately preceding lease year. INTENTIONALLY` OMITTED, 7. USE,, GOVERNMENTAL APPROVALS. LESSEE shall use the Premises for the purpose of constructing, maintaining and operating a stealth flagpole, up to eighty (80) feet high, wireless communications facilities and uses incidental and all necessary appurtenances, The stealth flagpole tower shall look and function as a flagpole with all antennae located under an outer skin of fiberglass, plastic or similar material which will be conducive to LESSEE's use of the stealth flagpole as permitted in this Agreement. Entrance to the exterior skill of the stealth flagpole will be below ground rather than by elevated waveguide bridges. Tile flag will be of such size and quality to gain the reasonable approval of the Indian River County (tile ,County-). The flag and stealth flagpole will be illuminated at night at the expense of LESSEE and will be fitted with hardware so the flag thereon can be flown at half mast and/or lowered when necessary. A security fence consisting of chain link construction or similar but comparable construction may be placed around the Perimeter of the Premises at the discretion of LESSEE (not including the access easement), All improvements shall be at LESSEE's expense and the installation of all improvements shall be, at the discretion and option of the LESSEE. LESSEE's initial installations shall be subject to LESSOR's P'nior written approval, which approval shall not be unreasonably withheld, delayed or conditioned, Thereafter, LESSEE shall have the right to t 0 replace, repair, add or otherwise modify its initial installations or any portion thereof wi h ut LESSOR's approval, whether the equipment is specified or not on any exhibit attac during the term of this Agreement, provided LESSEE does nhod hereto, not install any equipment outside the boundaries of the Promises. In the event LESSOR's P agrees not to unreasonably withhold, r"or written WrOval iS required, LESSOR Pr•cn)ises, including the delay or condition its consent, LESSEE W1 11 Inaintain the aMearance and functioning of the flag and flagPOIC according to t11e