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STANDARD OUTDOOR SIGN LEASE iDigital Outdoor, LLC 25113 21st Ave St Cloud, MN 56301 06172022 SECTION I: I AGREEMENT of 202_, by & between as Lessor, and iDigital Outdoor, LLC, as Lessee. LOCATION OF SIGN STRUCTURE 6043 HWY 10 NW , City: Ramsey State: MN Zip: 55303 Agreement of Lease made this day of 13120 SUNSET TRAIL LIrC SECTION II: Sign Address: Property Identification Number (PIN): 35-32-25-31-0037 SECTION III: 1 LESSOR/LESSEE INFORMATION Lessor: 13120 SUNSET TRAIL LLC Lessee: IDIGITAL OUTDOOR, LLC Address: 13112 SUNSET TRL Address: 25113 21st Ave Plymouth, MN 55441 St Cloud, MN 56301 Contact: Roman Contact: Josh Gilleland Phone: Phone: 320.252.7680 Email: Email: iosh a icjIltalouydoor.corn. SECTION IV: LEASE TERM - RENTAL/ADVERTISING PAYMENTS Irma: This lease is for an initial term of 50 years. The Lessee will have the option to renew this Lease for one additional fifty year term which will automatically renew unless notice is given to Lessor by Lessee two months before the expiration of the Lease term. At the end of the final term of this Lease, if no notice is given, this lease will renew on a year to year basis from the date of the signing of this Lease. payment: Initial installation of this sign will be static on both faces, at some point in the future one or more faces may be converted to digital. Once a digital is installed, the monthly minimums will be increase since a digital can typically produce more revenue. Please note the below scenarios are intended to be one or the other, they are not meant to be combined or interpreted as per face, this is a per structure payment. If both faces are static, the static scenario applies, if one or more faces are converted to digital then the digital scenario applies, they can not be combined or interpreted to mean in addition to. Static: Lessor will be paid monthly at a rate of % of the gross monthly collections per month or an annual total sum of paid out in equal monthly payments o 111.111, whichever is greater. Payments to Lessor will commence 60 days a er t e billboard goes live. QC ' I: Lessor will be paid monthly at a rate of % of the gross monthly collections per month or an annual total sum of paid out in equal monthly payments, whichever is greater. Payments to Lessor will commence 60 days a ter t e billboard goes live. SECTION V: I CONSTRUCTION OF SIGNS The Lessee will have the right to erect, place and maintain advertising sign structures and equipment at Lessee's own expense on the demised premises and post, paint, illuminate and maintain advertisements on such structures. All structures, equipment and materials placed upon the said premises by the Lessee shall always remain the personal property of, and may be removed by, the Lessee at any time prior to or within a reasonable time after the expiration of the term hereof or any extension thereof or as otherwise provided herein. SECTION VI: I EASEMENT Lessor hereby grants unto Lessee, its successors and assigns an easement over, upon and in the following described tract of property: Legal Description: Parcel 1 That part of Lot 22. Auditor's Subdivision No. 96 Anoka County. Minnesota more particularly described as follows: The Northeasterhr 206.43 fget as measured at right anales to the northeasterly line of said Lot 22. of the southeasterly 211.02 feet as measured at noht anoles to ulit southeasterly line of said Lot 22, Parcel 2 All that Hart of the Northeast Ouarter of the Southwest Ouarter of Section 35. Township 37_ Rane 25.A oka County. been Minnesota. tb described fgfi�ws: Commencing at the Northeast corner of said Northe,?�t nyfarter of the Southwe,Q2 , e o Survevar of Anoka Counter. Minnesota. Pursuant to District Court Order in Torrens Fire T- 1186; thence South alone the fiast line of said Northeast Ouarter of the Southwest Quarter a distance of 299.78 feet. more or less. to its interfWu^il` with the Southerhi riaht of way line of the Great Northern Railroad: thence North 66 dearees minutes West along that said Southerly richt of way line of distance of 247.70 feet rto the actual point of beginninp of the Tract of land to he described: thence continuing North 66 deojees 30 minutes West along saidsouK riaht Qf way line a distance of 125.0 feet: thence south 23 dearees 02 minutes West a distance of 410.7 feet. more or leas, to the intersection with the Northerly rioht of way line of U.S. Hic'hwav Number 10 and 169: thence Southposterly along said Northerly rioht of way line to its intersection with a line bearina South 23 dearees 07 minutes West from the actual ooint of beginning, thence North 23 dearees 02 minutes East a distance of 427.01 feet. more or Tess, to the actual point of beginning. Also known as I of 23 Auditor's Subdivision No. 96. accordine to the man or plat thereof on file and of record in the office of the Register of Deeds in and for Anoka County. Minnesota. For the ouroose of the above descnption the East line of said Northeast Ouarter of the Southwest Quarter of ,ertion 35 is assumed to be a dye North -South line. The boupdary lines of said tract are marked by Judicial Landmarks set pursuant to Torrens Case T-1476 at the Northwilt. Northeast igptheast and Southwest corners thereof,