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MD7 <br />verinwireIess <br />December 21, 2022 <br />City Of Ramsey <br />7550 Sunwood Drive NW <br />Ramsey, MN 55303 <br />ATTN: Brian Hagen <br />Site Name: Min Isotope Site ID: 140285 <br />Dear Brian, <br />As discussed during our telephone conversation, MD7, LLC is working with Verizon Wireless to facilitate certain <br />modifications to the cell site lease ("Lease") on your property. These modifications will allow Verizon Wireless to meet <br />current business requirements and enhance your site's value to the overall network. <br />Changes in the Wireless Industry <br />Recent industry developments are changing how wireless telecommunications carriers operate. In the past, carriers <br />primarily focused on rapidly building out their networks in order to provide the best coverage. Today, while consumers are <br />enjoying greater services and better coverage, operating costs continue to escalate. As a result of this shift, Verizon Wireless <br />is re-evaluating its network. Network engineers are reviewing which communications facilities will remain active in the <br />network to reduce expenses and streamline operations. <br />Criteria for Cellular Site Retention and Rent Guarantee Period <br />Verizon Wireless would like to include this site in its long-term portfolio under the following terms: <br />New Rent Amount: $2,000.00 per monthly, commencing on 1/1/2023 <br />New Rent Escalator: Ten Percent (10%) every Term - 5 years (next increase on 1 /1 /2028) <br />Additional Renewal Terms: Four (4) additional five (5) year renewal terms <br />Verizon Wireless will modify its termination rights under the Lease to guarantee your rental income at an amount of <br />$120,000.00 for the next 60 months. <br />The foregoing proposal does not constitute a binding offer to amend the Lease. No legal obligation is created by this letter <br />or any other written or oral communications until an Amendment to the Lease is signed by both Landlord and Verizon <br />Wireless. Verizon Wireless values its affiliation with you and hopes that you choose to secure your site(s) to continue a <br />long and mutually profitable relationship in the years to come. In your submission request I will include your redlines. I will <br />follow up with you on January 11 th for your final decision. <br />Sincerely, <br />Marvin Robertson <br />MDR <br />D 469 640 4805 <br />M Robertson(c_md7.com <br />