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V J <br />1. GRANT OF FRANCHISE <br />1.1 Grant. Sun Country Cable, Inc., a California <br />corporation with its principal place of business located at 6601 <br />Owens Drive, Suite 120, Pleasanton, California 94566, is hereby <br />granted for itself, its successors and assigns, subject to the terms <br />and conditions of this Agreement and Ordinance No. 324 , the <br />franchise, authority, right and privilege, for a fifteen (15) year <br />period from and after the effective date hereof, to construct, <br />operate and maintain a cable television system along, over, or under <br />the streets and public ways within the City of Los Altos Hills. The <br />Grantee also is hereby authorized to grant a security interest in the <br />franchise to any of its lenders. <br />1.2 Right of <br />Grantor to <br />Issue Franchise. <br />Grantee <br />acknowledges and accepts <br />the right <br />of Grantor to issue <br />a franchise <br />and Grantee agrees it shall not now or at any time hereafter <br />challenge this right in any way or in any County, State or Federal <br />court. <br />1.3 Effective Date of Franchise. The effective date of <br />the franchise shall be the date of execution of this Agreement by the <br />Grantee, which shall occur within ten (10) days following adoption by <br />the Grantor. <br />1.4 Duration. The term of the franchise shall be fifteen <br />(15) years from the effective date hereof at which time it shall <br />expire and be of no force and effect. Renewal shall be in accordance <br />with then applicable law. <br />-2- <br />