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T O W E R P O I N T September 29, 2021 RE: Old Dixie Hwy Tower Indian River County 1840 251h Street, Vero Beach, FL 32960 Via — Email Delivery: James Kennedy of Steep Steel kennedy@steepsteel.com Dear James, This letter of intent ("LOI") sets forth the basic terms of a possible purchase by TIGR Acquisitions III, LLC, a Delaware limited liability company, and its successors and assigns or one of its wholly owned subsidiaries or affiliates, ("Buyer"), from Indian River County, or one of its affiliates "Seller"), of a multi- user telecommunications tower facility (the "Towers " as listed on Schedule A. Assets to be Purchased/Leased. Buyer's offer is for the following (collectively, the "Assets"): (i) the grant to Buyer of a sublease of the City of Vero Beach 99 -year ground lease underlying and surrounding the Tower(s) (the "Site s '), along with any and all access and utility easements serving the Site; (ii) the Tower, together with all related improvements, fixtures and personal property; (iii) all of those leases, subleases, licenses and other agreements which grant others a right to use or occupy a portion of the Tower or Site (the "Collocation Agreements"); (iv) any permits associated with the Tower or the Site; and (v) any other personal or real property or rights associated with the Tower. Consideration. Based on the information provided to date, Buyer is willing to purchase the Assets for $1,700,000.00 cash payable in U.S. Dollars (the "Purchase Price"). This offer is subject to satisfactory completion of due diligence and execution of definitive agreements. Buyer has sufficient cash on hand to pay the Purchase Price, and therefore our offer is not contingent upon obtaining financing. Buyer will assume no liabilities at Closing, except: (i) the current liabilities associated with the contracts Buyer would assume in connection with operating the Assets, including the Collocation Agreements, and (ii) those liabilities as agreed to by Buyer as part of the Purchase Agreement. Buyer acknowledges that Seller is in'the process of pursuing Unpaid Utility Reimbursement (UUR) and to the extent Buyer receives a UUR payment, Buyer will promptly remit the UUR back to Seller This L01 and the transaction are contingent upon approval from the City of Vero Beach of the referendum to grant a 99 -year lease to the County. Buyer will take possession of the Site subject to the 99 -year lease with the City of Vero Beach. The Collocation Agreements are in full force and effect, are not in default and Seller has not received any communication regarding the termination or modification of any ofthe Collocation Agreements. 1170 Peachtree St NE, Suite 1650, Atlanta, GA 30309 1 towerpoint.com I Ph: 678.775.0360 1 F: 678.775.0361