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Except as otherwise provided herein,Lessee shall at all times retain ownership of the Sign, its related facilities and structures, permits,and electrical fixtures placed upon the Property and remove same upon termination of this lease, regardless of the fact that the Sign and its related facilities and structures may constitute real estate fixtures, but in connection with such removal, Lessee must return the Property to its original condition, reasonable wear and tear excepted. Lessee may assign its interest in this lease to another outdoor advertising company but not without the prior approval of Lessor, which approval may not be unreasonably withheld. If Lessee fails to obtain or maintain proper permits for the erection and operation of the Sign and its related facilities and structures, this lease shall become immediately null and void and Lessor shall be entitled to exercise the Retention/Removal Option. Lessee shall hold Lessor harmless from any lass, damage, or injury in the installation, operation, maintenance or removal of the Sign and its related facilities and structures. Lessee shall maintain public liability and property damage insurance covering the Property with a combined single limit of no less than$1,000,000 naming Lessor as an additional insured, and shall provide Lessor with a certificate evidencing the same upon Lessor's request therefor. During the tern of this Agreement, Lessee shall also provide Lessor with a copy of Lessee's liability policy upon Lessor's request therefor. The renewal of said policy must be noticed to Lessor on an annual basis at its time of renewal. Failure to do so will,at Lessor's option, make this lease null and void. If the view of the Property or the Sign is obstructed or impaired, or the use of the Sign is diminished for any reason,or the use of the Sign is prevented by law, Lessee has the option to terminate this lease upon thirty(30)days written notice to Lessor. Lessor agrees that neither it nor any employee,agent,or representative of Lessor will install or permit any obstructions to the visibility of the Sign. Notwithstanding any provision contained herein to the contrary, if Lessor shall sell the Property, Lessor shall have the option at any time after five(5)years after the Commencement Date to terminate this lease upon thirty(30)days written notice to Lessee,and if such option is exercised, Lessee shall forthwith remove the Sign and its related facilities and structures and return the demised premises to its original condition, reasonable wear and tear excepted. Before renting the Sign or any space thereon to a third party,Lessee shall give written notice to all of the tenants of the building(s)situated on the Property that they have a right of first refusal to rent space on the Sign on such terms as Lessee may offer,with such right being exercisable, if at all, by giving Lessee written notice thereof within thirty(30) days after receipt of Lessee's notice,and shall not rent the Sign to a third party on more favorable terns than offered to such tenants. Provided Lessee is not in default in any of Lessee's obligations hereunder, Lessee shall have an option to extend this lease for ten(10)years beginning immediately after the end of the initial term hereof,with such extended term being governed by the same terms and conditions set forth herein except that rent for the extended term will be the greater of the monthly amount which will be the reasonable fair market rent as of the first day of the extended term or the percentage rent which will be the fair market reasonable percentage as of such first day. The option shall be exercisable, if at all, by Lessee giving Lessor written notice of such exercise at least 120 days prior to the expiration date of the initial term. Initials: Lessor/Lessee