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<br /> <br /> <br />December 4, 2025 <br />Site Name: Min Vieths Site ID: 123332 <br />Dear Landlord, <br /> I am following up with you regarding our recent telephone conversation setting forth Verizon <br />Wireless’s Lease Optimization Program. As discussed during our conversation, Verizon Wireless is <br />interested in making certain modifications to the cell site lease regarding the Verizon Wireless <br />communications facility on your property. These lease modifications will allow the cell site on your property <br />to better meet Verizon Wireless’s current operational needs and enhance its long-term value to the overall <br />network. <br />Criteria for Cell Site Retention <br /> As we discussed, Verizon Wireless would like to include this site in its long -term portfolio under the <br />following terms: <br />● New Rent Amount: $38,200.00 per year, commencing on (8/1/2029) <br />● New Rent Escalator: Three Percent (3%) every year (next increase on 8/1/2030) <br />● Additional Renewal Terms: Six (6) additional five (5) year renewal terms <br /> <br />● Lump Sum Payment Option: Provide a one-time lump sum payment of $800,000. In <br />return, you will grant a perpetual easement on your property. <br />Additionally, in order to maintain long-term operational flexibility, Verizon Wireless requires that the <br />following language, substantially in the form of the following, be added to the Lease: <br />Right of First Refusal. Notwithstanding anything contained in the [Lease] to the contrary, if at any time after the Effective Date, <br />[LESSOR] receives an offer or letter of intent, from any person or entity that is in the business of owning, managing or oper ating <br />communications facilities or is in the business of acquiring landlord interests in agreements relating to communications facilities, to <br />purchase fee title, an easement, a lease, a license, or any other interest in the [Property] or any portion ther eof or to acquire any <br />interest in the [Lease], or an option for any of the foregoing, [LESSOR] shall provide written notice to [LESSEE] of said off er <br />(“[LESSOR]’s Notice”). [LESSOR]’s Notice shall include the prospective buyer’s name, the purchase price being offered, and any <br />other consideration being offered, the other terms and conditions of the offer, a description of the portion of and interest in the [Property] <br />and/or the [Lease] which will be conveyed in the proposed transaction, and a copy of any letters of intent or form agreements presented <br />to [LESSOR] by the third-party offeror. [LESSEE] shall have the right of first refusal to meet any bona fide offer of sale or transfer on <br />the terms and conditions of such offer or by effectuating a transaction with substantially equivalent financial terms. If [LESSEE] fails <br />to provide written notice to [LESSOR] that [LESSEE] intends to meet such bona fide offer within 60 days after receipt of [LESSOR]’s <br />Notice, [LESSOR] may proceed with the proposed transaction in accordance with the terms and conditions of such third-party offer, <br />in which event the [Lease] shall continue in full force and effect and the right of first refusal described in this Section shall survive any <br />such conveyance to a third party. If [LESSEE] provides [LESSOR] with notice of [LESSEE]’s intention to meet the third party offer <br />within 60 days after receipt of [LESSOR]’s Notice, then if [LESSOR]’s Notice describes a transaction involving greater space than the <br />[Premises], [LESSEE] may elect to proceed with a transaction covering only the [Premises] and the purchase price shall be prorated <br />on a square footage basis. Further, [LESSOR] acknowledges and agrees that if [LESSEE] exercises this right of first refusal, [LESSEE] <br />may require a reasonable period of time to conduct due diligence and effectuate the closing of a transaction on substantially equivalent <br />financial terms of the third-party offer. [LESSEE] may elect to amend the [Lease] to effectuate the proposed financial terms of the third <br />party offer rather than acquiring fee simple title or an easement interest in the [Premises]. For purposes of this Section, any transfer, <br />bequest or devise of [LESSOR]'s interest in the [Property] as a result of the death of [LESSOR], whether by will or intestate succession, <br />or any conveyance to [LESSOR]’s family members by direct conveyance or by conveyance to a trust for the benefit of family members <br />shall not be considered a sale for which [LESSEE] has any right of first refusal.