LEASE AGREEMENT

Exhibit 10.3

LEASE AGREEMENT

THIS AGREEMENT is entered into this 26 ^th day of December , 2007 , by and between City Centre LLC of 100 Maritime Dr., Suite 3C Manitowoc, WI 54220 (herein after Lessor) and Tower Tech Systems, Inc. of 200 S. 16th Street, Manitowoc, WI 54220 (herein after Lessee).

Recitals

WHEREAS, Lessor and Lessee have agreed to enter into a lease for the Building known as the “Boat Worx” building (see attached Exhibit “A”) located at 500 South 16th Street, Manitowoc, Wisconsin, 54220 (herein after “Building”).

NOW THEREFORE, in consideration of the mutual conditions hereinafter set forth and for good and valuable consideration, the receipt of which is hereby acknowledged, Lessor and Lessee hereby agree as follows:

1.                                        Lessee will assume the existing lease between Boat Worx Inc. and City Centre LLC, originally dated the 10 ^th day of August, 2004.  It is