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• LEASE AGREEMENT This Agreement, made this 14th day of August 1990 between Indian River County, (Optionor -Lessor) hereinafter designated LESSOR and BELLSOUTH MOBILITY INC, hereinafter designated TENANT. RECITALS: LESSOR is the owner of approximately 851,400 square feet of certain real property (hereinafter called Property) located in Winter Beach in Indian River County, State of Florida, and TENANT desires to lease a portion of said real property with a right of way for access thereto. 1. LESSOR hereby leases to TENANT that certain parcel of Property (Leased Premises), containing approximately 2,475 square feet, situated in Indian River County, State of Florida, together with the nonexclusive right for ingress and egress, seven (7) days a week, twenty-four (24) hours a day, on foot or motor vehicle, including trunks, and for the installation and maintenance of utility wires, Babies, conduits and pipes over, under or along a thirty foot (30') wide right of way extending from the nearest public right of way 65th Street, to the Leased Premises, said Property, Leased Premises and right of way for access being substantially as described herein in Exhibit "A" and as shown enclosed within red lines on Exhibit "A" attached hereto and made a part hereof. LESSOR shall cooperate with TENANT in its effort to obtain utility services along said right by of way by signing such documents or easements as may be required unabledtotusety theompanies. In aforementionedhe event rightofaY public utility is way, the LESSOR hereby agrees to grant an additional right of way either to the TENANT or to the public utility at no cost to the TENANT. 2 LESSOR survey said Property,tland so hthe bley gatol descriptionn onts to TENANT hsaidgsurvey shall then become Exhibit "B", which shall be attached hereto and made a part hereof, and shall control in the event of discrepancies between it and Exhibit "A" Cost for such survey work shall be borne by the TENANT 3. This Agreement shall be for an initial term of five (5) years beginning on the date the Option is exercised by TENANT at an annual rental of Four Thousand Eight Hundred Dollars ($4800.00) to be paid in equal monthly installments on the first day of the month, in advance, to Indian River County, Florida or to such other person, firm or place as the LESSOR may, from time to time, designate in writing at least thirty (30) days in advance of any rental payment date. 44 TENANT shall have tho option to extend this lease for four (4) additional five (5) year terms by giving the LESSOR written notice of its intention to do so at least six (6) months prior to the end of the then current term. 5 The annual rental for the first (1st) five (5) year extension term shall be increased to Five Thousand Five Hundred Twenty Dollars (;5520.00), the second (2nd) five (5) year extension term shall be increased to Six Thousand Three Hundred Forty Eight Dollars ($6348.00), the third (3rd) five (5) year extension term shall be increased to Seven Thousand Three Hundred Dollars ($7300.00), and the fourth (4th) five (5) year extension term shall be increased to Eight Thousand Three Hundred Ninety Five Dollars ($8395.00)