HomeMy WebLinkAboutL011-09 - Other - US West Wireless, LLC - Notice of T-Mobile Merger - 04/22/2021MD7
April22,2021
City of Kent Public Works Department
Attn: Water System Manger
220 Fourlh Avenue South
Kent, WA 98032
Re Site Address: 11228 SE 236th Place, Kent, WA 98031
Site lD: SE6OXC3O2 and Site Name: Splinter (the "S")
Lease Agreement dated April 8, 2019 (including any amendments, the
"@.d')
fenanruicensee: Sprint Spectrum Realty Company, LLC (the "Tenant")
Notice of Proposed Assignment and Request for Consent
Ladies and Gentlemen:
T-Mobile USA, lnc. and certain of its affiliates ("T-Mobile"), and Vertical Bridge NTCF,
LLC and certain of its affiliates ("Buved') are entering into a transaction involving a portion
of T-Mobile's tower portfolio (the "Portfolio"), which Buyer will manage and operate on
behalf of T-Mobile. T-Mobile acquired the Portfolio through its merger with Sprint, and the
portfolio includes the Agreement identified above. Buyer's management responsibilities
will include, among other things, the payment of T-Mobile's monetary obligations under
the Agreement and the performance of T-Mobile's maintenance and other non-monetary
obligations under the Agreement.
The transaction also entails Buyer's purchase of the Portfolio but before the purchase can
occur, your consent to the assignment of the Agreement and/or subleasing of the Site
back to Tenant may be required under the Agreement. Until such time as your consent is
received, the Site will be managed by Buyer. Once your consent is received and the
purchase is complete, the Site will become owned by Buyer, or its affiliate, VB RUN, LLC.
T-Mobile hereby requests your consent to those matters'
please indicate your consent by signing below and return this original document back to
me in the enclosed self-addressed, stamped envelope or a scanned copy via email' The
second original should be retained for your records. lf you require additional information,
please teet free to contact us via phone at (858) 926-3885 or via email at
cmillard@md7.com.
Promptly after the closing of the transaction occurs, the Buyer will notify you of the date
of the ciosing. From and after the closing, the address to use for all notices under the
Agreement is as follows:
10590 WEST OCEAN AIR DRIVE / SUITE 3OO / SAN DIEGO' CA 92130
MD7
VB RUN, LLC
750 Park of Commerce Drive, Suite 200
Boca Raton, FL33487
Attention: Asset Management
With a copy to:
VB RUN, LLC
750 Park of Commerce Drive, Suite 200
Boca Raton, FL 33487
Attention: SVP & General Counsel
Email: d marinberg@verticalbridge.com
An informational brochure regarding Vertical Bridge is enclosed for your reference' lt
provides background information regarding the company and may answer some
questions you may have regarding the transaction described above.
lf you consent to the matters described above, the only noticeable changes you will
experience will be dealing with Buyer instead of T-Mobile on all matters relating to the
Agreement and the Site, and effective as of July 1, 2021, you will receive rent checks
from Buyer instead of T-Mobile.
Thank you for your cooperation and prompt attention to this matter.
Sincerely,
T.MOBILE USA, INC.
By: MD7, its authorized representative
Name: Carolina Millard
Phone: (
Accepted and aoreed:
Gity of Kent,
a Washington municiPal
corporation
By:
Name:
Title:
Dated as of:
2
Enclosures
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