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05/20/2005 13:06 18776885933 <br />cingular- <br />WIRELess <br />PAGE 02 <br />LEASE EXTENSION TERM SHEET <br />To: Joel Hanson <br />From: Desmond Chan, Lease Consultant, New Cingular Wireless <br />Subject: LITTLE CANADA FILE if 25465 <br />Date: May 17, 2005 <br />CC: New Cingular Wireless Lease File <br />At the terms and conditions set -forth herewith, Cingular Wireless would consider extending its wireless communications <br />facility lease agreement for the site located at 2655 Noel Dr, Little Canada, MN 551 17. <br />Current Lease Term(s) <br />A. Current Base Rent 51,499.81 <br />13. Current Rent Frequency Monthly <br />C, Current Escalation 2.50% <br />1. Current Escalation Frequency Term <br />New Tenn <br />A. New Initial Term (mo) 60 <br />13. Number of Renewal Terms 5 <br />C. Additional Term Length (mo) 300 <br />New Rent <br />A. New Base Rent $750.00 <br />B. New Rent Frequency Monthly <br />C. New Escalations 1,25% <br />D. New Escalation Frequency Annually <br />New Termination & Guarantee <br />A. New Termination Notice (days) 30 <br />B. New Termination Pee (mo) 12 <br />C. Abatement Period (mo) 3 <br />D. Rent Guarantee Period (mo) 24 <br />1 dndiord Initial: <br />"enact Giiiial <br />