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Mr. Nyle Zikmund October 25, 2021 Page 7 of 7 PROPOSED FEES & TIMING We are prepared to commence this engagement upon receipt of notice to proceed. Total professional fees for any engagement will depend on the number of hours required to complete the project and skill levels of the assigned personnel. Total professional fees and out-of-pocket expenses associated with the proposed scope of services outlined herein will not exceed $49,500. Professional fees and out-of-pocket expenses will be billed and are payable on a monthly basis. Professional fees and out-of-pocket expenses will be billed and are payable on a monthly basis. We are prepared to commence this engagement upon receipt of notice to proceed. We would look forward to further discussing the specific study preferences or alternatives you may have for a market and financial feasibility study for an indoor youth sports complex in Mounds View. We expect to complete the tasks outlined within the Proposed Scope of Services (outlined herein) within 12 to 14 weeks of project initiation, reflecting the extensive amount of primary market research and subsequent analysis required to draw informed conclusions. For purposes of preparing this proposal, we have assumed up to three visits to Mounds View during the course of the study. We expect to undertake in -person travel, however, should health concerns surrounding the COVID-19 pandemic prevent or limit an in -person visit, we would work with you and other stakeholders to conduct telephone and/or video conference calls. The initial kickoff visit would be attended by appropriate project team representatives for purposes of project organization/planning, tours and local community interviews and outreach. We would be available for conference calls as needed to complement the study effort and coordination/collaboration. However, given the nearby geographic location of the professionals who would be assigned to this project, additional visits could be added if requested. Regular progress updates will be forwarded to you in -person or via conference call during the study period. Furthermore, we anticipate completing the contracted elements in full, performing all work as set forth in the final contract. In the event that a decision not to proceed occurs within the time frame finally agreed upon for this engagement, we will cease our work, and bill you for time incurred on the project. Upon your review of this information, please do not hesitate to contact me at (612) 294-2006 or jfeldman@cslintl.com. We would look forward to the opportunity to assist you with your planning concerning this project and could put together an engagement letter (contract) at your request. Sincerely, Joel Feldman CSL International