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SECTION XIII: MEMORANDUM OF LEASE <br />The parties agree to execute a Memorandum of Lease setting forth basic terms of the lease in order to give notice of record of the <br />existence of the lease. The Memorandum of Lease will not contain the financial terms of the lease. Both parties agree to execute the <br />Memorandum of Lease which will be recorded by lessee. Lessor agrees not to record the outdoor sign lease. <br />SECTION XIV: CONTINGENCY <br />This contract is contingent upon permit approval from city, state and any other governing body that may regulate signage, digital <br />signage, or billboard signage. This contract and any memorandums will be deemed null and void in the event a permit is not granted <br />by any of the aforementioned permitting authorities. <br />SECTION XV: EXCLUSIVITY <br />Lessee and its successors and assigns shall have the exclusive right to install and operate any advertising or billboard sign upon the <br />Property consistent with local, State and Federal law. Lessor shall not allow or permit any other advertising sign, billboard sign or other <br />sign upon the Property, except for the existing signage or on -premise signage for any subsequent tenant or occupant operating upon <br />the Property. Any new signage will not encumber or obstruct the Lessee's billboard sign. Lessee and its successors and assigns shall <br />have the right to enforce by any proceeding at law or in equity the exclusivity restriction imposed by this Lease. <br />SECTION XVI: <br />Lessee: <br />SIGNATURE <br />Legal Name: <br />IDIGITAL OUTDOOR, LLC <br />Printed Name/Title: <br />STATE OF <br />) ss. <br />COUNTY OF <br />Authorized <br />Signature: <br />Date: <br />On this day of . 2022 before me, the undersigned, a Notary Public within and for said county and state, personally <br />appeared . known to me to be the of iDigital Outdoor, LLC, the limited liability company that is described in and that <br />executed the within and foregoing instrument and acknowledged to me that such corporation executed the same. <br />(Seal) <br />Notary Public Signature: <br />Commission <br />Expires: <br />Lessor: <br />Legal Name: <br />City of Ramsey <br />Printed Name/Title: <br />Authorized <br />Signature: <br />Date: <br />Kurtis G. Ulrich / City Administrator <br />STATE OF <br />COUNTY OF <br />On this day of <br />me that said person executed the same. <br />(Seal) <br />ss. <br />, 2022 before me, the undersigned, a Notary Public within and for said county and state, personally appeared_ <br />known to me to be person who is described in and who executed the within instrument and acknowledged to <br />Notary Public Signature: <br />Commission <br />Expires: <br />Authorizing Agent: (If Applicable) <br />Legal Name: <br />Authorized <br />Signature: <br />City of Ramsey <br />