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9. Effective Date. The "Effective Date" of this Agreement shall be the date this Agreement is signed by the last party to sign it. 10. Installation of City Poles and WCFs by Crown Castle. The Parties agree and acknowledge that Crown Castle will place a new City Pole at each of the Revised Locations that receives approval of the Revised Permit Application in accordance with the approved Revised Permit Application and plans. The Parties agree that Crown Castle may proceed with installation of the approved City Poles and associated WCFs prior to the completion of the decommissioning and removal process of the Existing ,Poles by SCE or City, and that Crown Castle's installation of such City Poles may proceed and remain in place regardless of the status or success of the decommissioning process. Pursuant to a form mutually acceptable to the Parties, Crown Castle will transfer ownership of the City Poles and any associated manufacturers warranties to the City immediately upon installation at the Revised Locations. 11. Rent. Crown Castle will pay an annual rental fee to the City for the non-exclusive use of space on all of the City Poles for the WCFs ("Annual Rent") in accordance with the following terms and conditions: a. Crown Castle will pay Annual Rent in the amount of $1,000 per year, per City Pole with no escalation for an initial two (2) year term (the "Initial Term") commencing on the date of installation of the first City Pole. The Annual Rent for the initial year of the Initial Term shall be due and payable to the City within sixty (60) days after the installation of the first City ,Pole. At the commencement of the Initial Term, Crown Castle shall have the right, but not the obligation, to pre -pay the Annual Rent for both years of the Initial Term. b. At the conclusion of the Initial Tenn, the term will automatically extend for an additional eight (8) years (the "Remaining Tenn"). Crown Castle shall have the right but not the obligation to further extend the Remaining Term for up to two (2) additional five (5) year periods (each a "Renewal Term") by providing written notice to the City at least ninety (90) days prior to the expiration of the then -current term; provided that Crown Castle has no uncured defaults under this Agreement as of the date each such Renewal Term would go into effect. c. At the conclusion of the Initial Term, the Parties agree that for the duration of the Remaining Term, and any Renewal Terms, Crown Castle will pay the following amount of Annual Rent: i. if the FCC Order is final and effective (as evidenced by a final non - appealable order of a court of competent jurisdiction upholding the FCC Order) at the conclusion of the Initial Term, the amount of "fair and reasonable compensation" under Section 253(c) of the Communications Act that is permitted by the FCC Order per year, per City Pole; or ii. if, at the conclusion of the Initial Term, the appropriate rental amount that complies with the FCC Order is unclear, or the FCC Order is not final and effective (as evidenced by a final non -appealable order of a court of 1129494 L VLA 377510-00002/12-19-18/d./b,b -7-