Agreement

This document outlines a lease agreement between the Borough of Ship Bottom (Lessor) and an unnamed lessee for space on the Lessor's water tower. The Lessee is granted rights to a portion of the tower and land space for the purpose of constructing, maintaining, and operating a communications facility. The agreement details the obligations of both parties regarding installation, maintenance, access, and compliance with regulations. The initial term is for 10 years with automatic extensions for three additional five-year terms unless terminated with six months' notice. Annual rent increases are specified, along with an additional consideration of $15,000.00 to offset Lessor's costs.