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3. Compliance With State and Local Laws. LICENSEE shall erect, install, light, clean, maintain, repair or replace such bus shelters in compliance with all applicable CITY laws, at no cost to the CITY. LICENSEE shall maintain all shelters weekly and damage to the shelter shall be repaired within forty eight (48) hours of the time said damage is reported to the LICENSEE. LICENSEE shall also use good faith efforts to maintain grass areas that may exist around such shelters. 4. License Fees. LICENSEE shall pay the CITY the amounts set forth below in this paragraph, per shelter with advertising effective as of the anniversary date of the Agreement, until the expiration of the term of the Agreement: Year 1) July, 1997 - June, 1998 2) July 1, 1998 — June 30, 1999 3) July 1, 1999 — June 30, 2000 Payment Per Shelter As Per MDTA Agreement $ 500.00 $ 525.00 All past monies due and payable under the predecessor in interest have been fully satisfied and are part of the consideration of this Agreement. Said payment shall be prorated for partial years during which any said shelter is in place for less than the full calendar year. As additional revenue, the LICENSEE will annually adjust payments from the preceding year based upon fifteen (15%) percent of the Net Gross Revenue against the minimum guaranteed payment. For the purpose of the Agreement, Net Gross is defined as the Gross Collected Revenue, less Agency Commission for the contract period. This adjustment shall be submitted within forty-five (45) days of the last day of the Agreement period. 5. Shelter Locations. LICENSEE shall furnish the CITY Administrator a schedule showing the location of each bus shelter at the time of paying the license fee for same. No bus shelter shall be placed at any location without the prior approval of the CITY Administrator as to its location and placement. Bus shelters shall not be placed in such a manner as to obstruct traffic or otherwise constitute a traffic hazard. 6. Removal of Shelters. LICENSEE shall promptly, at its own expense, remove any bus shelter which the CITY Administrator determines to be a traffic hazard, and if a fee has been paid to the CITY for such shelter, a refund or credit shall be given to the LICENSEE. Should the LICENSEE fail to remove a shelter within seven (7) business days after notice served upon the LICENSEE, the CITY may do so and charge the cost for such removal to the LICENSEE. 2