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SECTION XIII: I 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: SIGNATURE <br /> Lessee: <br /> Legal Name: Authorized <br /> IDIGITAL OUTDOOR, LLC Signature: <br /> Printed Name/Title: Date: <br /> STATE OF ) <br /> ss. <br /> COUNTY OF ) <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 Digital 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: Authorized <br /> Signature: <br /> City of Ramsey <br /> Printed Name/Title: Date: <br /> Brian Ha en / Interim City Administrator <br /> STATE OF ) <br /> ss. <br /> COUNTY OF ) <br /> On this day of_ ,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 /> me that said person executed the same. <br /> (Seal) <br /> Notary Public Signature: <br /> Commission <br /> Expires: <br /> Authorizing Agento. If Applicable) <br /> Legal Name: Authorized <br /> Signature: <br /> City of Ra mse <br />