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Home My WebLink About12.17.2025 Telecom Board Agenda BOARD MEMBERS Andrew Van Fleet Board Chair Theodore Batemon Ritch Kurtenbach Mike Young Amy Wienands City Council Liaison: Rob Nichols December 17, 2025 Waterloo City Council Chambers Waterloo City Hall 4:00 p.m. 1. Roll call. 2. Approval of the agenda, as presented. 3. Approval of the minutes of November 19, 2025, regular session, as presented. 4. Resolution approving payment of bills for November 2025. 5. Resolution fixing date for a meeting on the authorization of a Loan Agreement and the issuance of not to exceed $60,000,000 Communications Utility Revenue Capital Loan Notes of the City Of Waterloo, State of Iowa, and providing for publication of notice thereof. 6. Resolution approving wages for 2026. 7. Resolution authorizing the approval of and participation in A Joint Powers Agreement and Declaration of Trust for the Iowa Public Agency Investment Trust, authorizing investments through the fixed term automated investment program of IPAIT and authorizing IPAIT to designate and name depositories. 8. Motion approving a Master Services Agreement with Render for Construction Management Services Software. 9. Closed session pursuant to Iowa Code Section 388.9(1) to discuss marketing and pricing strategies or proprietary information if its competitive position would be harmed by public disclosure not required of potential or actual competitors, and if no public purpose would be served by such disclosure. 10. Adjourn. Kelley Felchle Board Secretary WATERLOO Telecommunications Utility Board of Trustees TELECOMMUNICATIONS UTILITY BOARD OF TRUSTEES Council Chambers November 19, 2025 4:00 p.m. 1. Members present: Mr. Van Fleet, Mr. Young, Mr. Batemon, Mr. Kurtenbach. Ms. Wienands (arrived at 4:02 p.m.). 2. Moved by Kurtenbach seconded by Young that the agenda as presented, be approved. Voice vote-Ayes: Four. Motion carried. 3. Moved by Young seconded by Kurtenbach that the minutes of October 27, 2025, as proposed, be approved. Voice vote-Ayes: Four. Motion carried. 4. Public hearing on Taxable Communications Utility Revenue Capital Loan Notes 2026. a. Moved by Kurtenbach seconded by Young to open hearing. Voice vote-Ayes: Four. Motion carried. Maggie Burger, Speer Financial, provided an overview of the loan agreement. b. Moved by Kurtenbach seconded by Young to close hearing. Voice vote-Ayes: Four. Motion carried. c. Moved by Kurtenbach seconded by Young to approve a Resolution instituting proceedings to take additional action for the authorization of a loan agreement and the issuance of not to exceed $4,000,000 taxable communications utility revenue capital loan notes. Roll call vote-Ayes: Five. Motion carried. Resolution No. 2025-030. Motion carried. 5. Public hearing on Taxable Communications Utility Revenue Capital Loan Notes 2026. a. Moved by Kurtenbach seconded by Young to open hearing. Voice vote-Ayes: Five. Motion carried. Maggie Burger, Speer Financial, explained the differences between the taxable and non-taxable capital loan notes. Steve Nadel, Ahlers & Cooney, provided additional comments. Mr. Kurtenbach questioned if this would be reflected by budget time. Maggie Burger confirmed and commented that they will likely need to amend the budget after the loan is in place. b. Moved by Kurtenbach seconded by Young to close hearing. Voice vote-Ayes: Five. Motion carried. Page 2 b. Moved by Kurtenbach seconded by Young to approve a Resolution instituting proceedings to take additional action for the authorization of a loan agreement and the issuance of not to exceed $5,000,000 communications utility revenue capital loan notes. Roll call vote-Ayes: Five. Motion carried. Resolution No. 2025-031. Maggie Burger, Speer Financial, provided a brief overview of the item. 6. Public hearing on adopting the CY2026 budget. a. Moved by Kurtenbach seconded by Young to open hearing. Voice vote-Ayes: Five. Motion carried. Mr. Kurtenbach commented that he did not see any capital purchases, vehicles, etc., listed in the budget summary. Eric Lage, General Manager, shared that there are not any vehicle or equipment purchases planned for 2026. b. Moved by Kurtenbach seconded by Young to close hearing. Voice vote-Ayes: Five. Motion carried. c. Moved by Kurtenbach seconded by Young to approve a Resolution adopting the Calendar Year 2026 Budget. Roll call vote-Ayes: Five. Motion carried. Resolution No. 2025-032. 7. Moved by Young seconded by Kurtenbach to approve Addendum No. 7 to the 2025 Construction Management, Construction Inspection and Engineering Support Services Contract with EN Engineering, LLC and authorizing the Board Chair to execute said document. Voice vote-Ayes: Five. Motion carried. Eric Lage, General Manager, shared that there is an Army Corp of Engineers levy that they have permits for, but the lead time on the permits is unknown. The decision was made to go aerial, and this addendum is the engineering part that MidAmerican needs completed. Mr. Kurtenbach shared his concerns about not going underground. The board discussed the issue with Eric Lage and Mike Regan of ENTrust and questioned the possibility of changing to underground in the future. Mr. Van Fleet asked Mike Regan to put together a change order showing costs and deductions should they decide to go underground. Page 3 8. Moved by Young seconded by Kurtenbach to approve the 2026 Project Management, Construction Management and Inspections, and Engineering Support Services Contract, with ENTrust Solutions Group, and authorizing the General Manager to execute said document. Voice vote-Ayes: Five. Motion carried. Eric Lage, General Manager, provided an overview of the proposed contract. Mr. Kurtenbach questioned whether there are any benchmarks for completion dates, and expressed his frustration this past year, believing we should be further along that we are with phone services. Eric Lage explained that there are no benchmarks built into this proposal and commented that the concerns shared are more of an internal issue and not with ENTrust. Mr. Van Fleet requested that the board be provided with a phase down schedule. 9. Moved by Kurtenbach seconded by Young to approve the award of bid to EBB Flow Co. DBA WSTDW, in the amount of $205,950.00, in conjunction with the FY2025 Prefabricated Shelter at 512 University Avenue, Contract No. 1113. Voice vote-Ayes: Five. Motion carried. Eric Lage, General Manager, shared that this was the lowest bid received and we are still under budget for the three huts. Mr. Kurtenbach questioned if there was a completion date or timeline. Eric Lage shared that it is in the contract, but he would have to look it up. He commented that they are a good company and has no concerns. 10. Moved by Kurtenbach seconded by Wienands to approve the following Change Orders with Entrust Solutions of Warrenville, IL, in conjunction with the FY2023 Construction of a Fiber-to-the-Premise Feeder/Distribution and Backbone Network Project, Contract No. 1088, and authorizing the General Manager to execute said document. Voice vote-Ayes: Five. Motion carried. − CR 2025-0034 – Increase of $59,616.22 − CR 2025-0035 – Increase of $86,412.80 − CR 2025-0036 – Increase of $116,809.75 − CR 2025-0037 – Increase of $28,379.01 Eric Lage, General Manager, explained that the first three are new additions and the fourth one is for our Fiber Hut. CR2025-0034 is the Edison addition of single-family homes with 34 passings. CR2025-0035 is a new addition for 13 business sites at the Page 4 WARP addition. CR2025-0036 is a new addition at North Crossing with 211 passings with a mix of residential and business. CR2025-0037 is the Fiber Hut that was moved from Fletcher due to potential flooding and moved to University Avenue. UPDATE: Eric Lage, General Manager, shared that there are 3 new additions coming. One change order is for Paradise Estates where one piece of fiber was not included in the initial design. There is a section of Highway 218 that serves five businesses, but they are working on getting around not having to pay $30,000 per year in DOT license fees. There will be a change request to remove it from the design, and it will be reassessed later. Hut 2 has test customers for phase 2 that will be tested for one week and then go live. He shared that they are switching payroll and accounting providers with the software change starting January 1, 2026. Crews are working out on 6 th Street downtown. Video service agreement negotiations are still being worked on, and Voice service is coming soon. Mr. Van Fleet shared that he is set up on auto-pay but is still getting invoices even stating they have a balance due even though the payments go through ACH. Eric Lage shared that they have asked Camvio to look into the issue. Mr. Van Fleet commented that the actual amount they are being charged is higher than the plan he purchased. Eric Lage explained that there is a processing fee if using a credit card. Mr. Van Fleet commented that the fee is not clearly communicated to the customer. Maggie Burger, Speer Financial, provided an update on the funding timeline. 11. Adjourn. With no further business before the board, it was moved by Kurtenbach seconded by Young that the meeting be adjourned at 4:51 p.m. Voice vote-Ayes: Five. Motion carried. Kelley Felchle Board Secretary ACP INTERNATIONAL SUPPLIES $ 1,344.81 ADVANTAGE ADMINISTRATORS, INC HEALTH INSURANCE $ 624.80 AVESIS HEALTH INSURANCE $ 137.31 CALIX SUPPLIES $ 27,001.84 CEDAR RAPIDS TV, LLC ADVERTISING $ 7,019.00 COMPLIANCE SOLUTIONS, INC TECHNOLOGY SERVICES $ 450.00 CONNOISSEUR FT DODGE KZLB-FM ADVERTISING $ 2,300.00 CONSORTIA CONSULTING TECHNOLOGY SERVICES $ 2,100.00 DELTA DENTAL OF IOWA HEALTH INSURANCE $ 770.18 HOPE CITY CHURCH DONATION $ 1,000.00 HURRICANE ELECTRIC, LLC SUPPLIES $ 400.00 IOWA DEPARTMENT OF REVENUE TAXES $ 3,686.22 IPERS RETIREMENT $ 16,908.82 KIELKOPF ADVISORY SERVICES, LLC CONSULTING $ 10,698.75 LAMAR COMPANIES ADVERTISING $ 5,355.00 LESLEY WILDER BUILDING MAINTENANCE $ 750.00 MAIN STREET WATERLOO DONATION $ 500.00 MIDAMERICAN ENERGY COMPANY UTILITIES $ 472.75 MUTUAL OF OMAHA LIFE INSURANCE $ 456.30 ORKIN BUILDING MAINTENANCE $ 96.30 PROFESSIONAL OFFICE SERVICES SUPPLIES $ 1,318.09 SEGRA TECHNOLOGY SERVICES $ 6,400.00 SOUTH FRONT NETWORKS, LLC TECHNOLOGY SERVICES $ 850.00 SWISHER & COHRT, P.L.C.LEGAL $ 1,740.00 THE COURIER LEGAL $ 95.99 VGM GROUP, INC SUPPLIES $ 2,552.40 VOYANT MONTHLY PHONE SERVICE $ 600.54 WELLMARK HEALTH INSURANCE $ 16,173.57 WHIMSICAL TWIST ADVERTISING $ 535.00 Total $ 112,337.67 Expenses by Vendor Summary WATERLOO TELECOMMUNICATIONS UTILITY November 2025 ITEMS TO INCLUDE ON AGENDA FOR MARCH 8, 2023 BOARD OF TRUSTEES OF THE WATERLOO MUNICIPAL COMMUNICATIONS UTILITY, WATERLOO, IOWA Not to exceed $60,000,000 Communications Utility Revenue Capital Loan Notes • Resolution fixing date for a meeting on the proposition to authorize a Loan Agreement and the issuance of Notes to evidence the obligations of the City thereunder. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. - 1 - March 8, 2023 The Board of Trustees of the Waterloo Municipal Communications Utility, Waterloo, State of Iowa, met in _______________ session, in the Harold E. Getty Council Chambers, 715 Mulberry Street, Waterloo, Iowa, at __________ _____.M., on the above date. There were present Chairperson _______________, in the chair, and the following named Board Members: __________________________________________________ Absent: ___________________________________________ Vacant: ___________________________________________ * * * * * * * - 2 - Board Member _________________________ introduced the following Resolution entitled "RESOLUTION FIXING DATE FOR A MEETING ON THE AUTHORIZATION OF A LOAN AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED $60,000,000 COMMUNICATIONS UTILITY REVENUE CAPITAL LOAN NOTES OF THE CITY OF WATERLOO, STATE OF IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF", and moved that the same be adopted. Board Member _________________________ seconded the motion to adopt. The roll was called and the vote was, AYES: ___________________________________________ ___________________________________________ NAYS: ___________________________________________ Whereupon, the Chairperson declared the resolution duly adopted as follows: RESOLUTION FIXING DATE FOR A MEETING ON THE AUTHORIZATION OF A LOAN AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED $60,000,000 COMMUNICATIONS UTILITY REVENUE CAPITAL LOAN NOTES OF THE CITY OF WATERLOO, STATE OF IOWA, AND PROVIDING FOR PUBLICATION OF NOTICE THEREOF WHEREAS, it is deemed necessary and advisable that the City of Waterloo, State of Iowa, should provide for the authorization of a Loan Agreement and the issuance of Communications Utility Revenue Capital Loan Notes, to the amount of Not to exceed $60,000,000, as authorized by Sections 384.24A and 384.83, of the Code of Iowa, for the purpose of providing funds to pay costs of carrying out project(s) as hereinafter described; and WHEREAS, the Loan Agreement and Notes shall be payable solely and only out of the Net Revenues of the Municipal Communications Utility and shall be a first lien on the future Net Revenues of the Utility; and shall not be general obligations of the City or payable in any manner by taxation and the City shall be in no manner liable by reason of the failure of the Net Revenues to be sufficient for the payment of the Loan Agreement and Notes; and WHEREAS, before the Loan Agreement and Notes may be issued, it is necessary to comply with the provisions of the Code, and to publish a notice of the proposal to issue such notes and of the time and place of the meeting at which the Board proposes to take action for the authorization of the Loan Agreement and Notes and to receive oral and/or written objections from any resident or property owner of the City to such action. - 3 - NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE WATERLOO MUNICIPAL COMMUNICATIONS UTILITY OF THE CITY OF WATERLOO, STATE OF IOWA: Section 1. That this Board meet in the Harold E. Getty Council Chambers, 715 Mulberry Street, Waterloo, Iowa, at __________ _____.M., on the 22nd day of March, 2023, for the purpose of taking action on the matter of the authorization of a Loan Agreement and the issuance of Not to exceed $60,000,000 Communications Utility Revenue Capital Loan Notes, the proceeds of which notes will be used to provide funds to pay the costs of acquisition, construction, improving, equipping and designing of all or part of the Municipal Communications Utility, including the acquisition, installation and construction of a fiber-to-the- premise communications system and related infrastructure, equipment and facilities, including conduit, fiber, vaults, pedestals, fiber management frame, FDH and splitter cabinets, multiport service terminals, handholes, splice cases, customer premise electronics, customer connections to fiber system infrastructure, the acquisition of vehicles, trucks and construction and maintenance equipment, the construction of a new communications building or the acquisition, reconstruction and remodeling of a communications building, the furnishing and equipping thereof, computer system hardware and software, billing system, related site improvements including parking, and other miscellaneous improvements, extensions and equipment purchases to benefit the Utility. Section 2. That the Secretary is hereby directed to cause at least one publication to be made of a notice of the meeting, in a legal newspaper, printed wholly in the English language, published at least once weekly, and having general circulation in the City. The publication to be not less than four clear days nor more than twenty days before the date of the public meeting on the issuance of the Notes. Section 3. The notice of the proposed action to issue notes shall be in substantially the following form: - 4 - (To be published on or before: March 17, 2023) NOTICE OF MEETING OF THE BOARD OF TRUSTEES OF THE WATERLOO MUNICIPAL COMMUNICATIONS UTILITY OF THE CITY OF WATERLOO, STATE OF IOWA, ON THE MATTER OF THE PROPOSED AUTHORIZATION OF A LOAN AGREEMENT AND THE ISSUANCE OF NOT TO EXCEED $60,000,000 COMMUNICATIONS UTILITY REVENUE CAPITAL LOAN NOTES, AND THE HEARING ON THE ISSUANCE THEREOF PUBLIC NOTICE is hereby given that the Board of Trustees of the Waterloo Municipal Communications Utility of the City of Waterloo, State of Iowa, will hold a public hearing on the 22nd day of March, 2023, at __________ _____.M., in the Harold E. Getty Council Chambers, 715 Mulberry Street, Waterloo, Iowa, at which meeting the Board proposes to take additional action for the authorization of a Loan Agreement and the issuance of Not to exceed $60,000,000 Communications Utility Revenue Capital Loan Notes, to provide funds to pay the costs of acquisition, construction, improving, equipping and designing of all or part of the Municipal Communications Utility, including the acquisition, installation and construction of a fiber-to-the- premise communications system and related infrastructure, equipment and facilities, including conduit, fiber, vaults, pedestals, fiber management frame, FDH and splitter cabinets, multiport service terminals, handholes, splice cases, customer premise electronics, customer connections to fiber system infrastructure, the acquisition of vehicles, trucks and construction and maintenance equipment, the construction of a new communications building or the acquisition, reconstruction and remodeling of a communications building, the furnishing and equipping thereof, computer system hardware and software, billing system, related site improvements including parking, and other miscellaneous improvements, extensions and equipment purchases to benefit the Utility. The Notes will not constitute general obligations or be payable in any manner by taxation, but will be payable from and secured by the Net Revenues of the Municipal Communications Utility. At the above meeting the Board shall receive oral or written objections from any resident or property owner of the City to the above action. After all objections have been received and considered, the Board will at the meeting or at any adjournment thereof, take additional action for the authorization of a Loan Agreement and the issuance of the Notes to evidence the obligation of the City thereunder or will abandon the proposal to issue said Notes. This notice is given by order of the Board of Trustees of the Waterloo Municipal Communications Utility of the City of Waterloo, State of Iowa, as provided by Sections 384.24A and 384.83 of the Code of Iowa. Dated this __________ day of _______________, 2023. Secretary of the Board of Trustees, Waterloo Municipal Communications Utility, Waterloo, State of Iowa (End of Notice) - 5 - PASSED AND APPROVED this __________ day of _______________, 2023. Chairperson of the Board of Trustees ATTEST: Secretary of the Board of Trustees CERTIFICATE STATE OF IOWA COUNTY OF BLACK HAWK ) ) SS ) I, the undersigned Secretary of the Board of Trustees of the Waterloo Municipal Communications Utility, Waterloo, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the records of the Board of Trustees showing proceedings of the Board, and the same is a true and complete copy of the action taken by the Board with respect to the matter at the meeting held on the date indicated in the attachment, which proceedings remain in full force and effect, and have not been amended or rescinded in any way; that meeting and all action thereat was duly and publicly held in accordance with a notice of meeting and tentative agenda, a copy of which was timely served on each member of the Board and posted on a bulletin board or other prominent place easily accessible to the public and clearly designated for that purpose at the principal office of the Board pursuant to the local rules of the Board and the provisions of Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by law and with members of the public present in attendance; I further certify that the individuals named therein were on the date thereof duly and lawfully possessed of their respective offices as indicated therein, that no Board vacancy existed except as may be stated in the proceedings, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the City or the right of the individuals named therein as officers to their respective positions. WITNESS my hand and the seal of the Board hereto affixed this __________ day of _______________, 2023. (SEAL) Secretary of the Board of Trustees, Waterloo Municipal Communications Utility, Waterloo, State of Iowa CERTIFICATE STATE OF IOWA COUNTY OF BLACK HAWK ) ) SS ) I, the undersigned, do hereby certify that I am now and was at the times hereinafter mentioned, the duly qualified and acting Secretary of the Board of Trustees of the Waterloo Municipal Communications Utility, City of Waterloo, in the County of Black Hawk, State of Iowa, and that as such Secretary and by full authority from the Board of the City, I have caused a NOTICE OF MEETING OF THE BOARD OF TRUSTEES OF THE WATERLOO MUNICIPAL COMMUNICATIONS UTILITY, WATERLOO, STATE OF IOWA, ON THE MATTER OF THE PROPOSED ISSUANCE OF NOT TO EXCEED $60,000,000 COMMUNICATIONS UTILITY REVENUE CAPITAL LOAN NOTES, OF THE CITY OF WATERLOO, AND THE HEARING ON THE ISSUANCE THEREOF of which the clipping annexed to the publisher's affidavit hereto attached is in words and figures a correct and complete copy, to be published as required by law in the "Waterloo/Cedar Falls Courier", a legal newspaper published at least once weekly, printed wholly in the English language, published regularly and mailed through the post office of current entry for more than two years and which has had for more than two years a bona fide paid circulation recognized by the postal laws of the United States, and has a general circulation in the City, and that the Notice was published in all of the issues thereof published and circulated on the following date: ____________________, 2023. WITNESS my official signature this __________ day of _______________, 2023. (SEAL) Secretary of the Board of Trustees, Waterloo Municipal Communications Utility, Waterloo, State of Iowa 02168819-1\24268-001 Employee Hourly Wage Eric Schmucker 24.87$ Douglas Anderson 33.25$ Markiea Thurmond 26.52$ Dylan Dizon 27.54$ Cassidy Ward 27.54$ Anthony Crow 23.44$ Karita Moore 23.46$ Tamia Wilson 19.38$ 2026 Wages 1 IOWA PUBLIC AGENCY INVESTMENT TRUST (IPAIT) RESOLUTION FORM A Date___________________________ A RESOLUTION AUTHORIZING THE APPROVAL OF AND PARTICIPATION IN A JOINT POWERS AGREEMENT AND DECLARATION OF TRUST FOR THE IOWA PUBLIC AGENCY INVESTMENT TRUST, AUTHORIZING INVESTMENTS THROUGH THE FIXED TERM AUTOMATED INVESTMENT PROGRAM OF IPAIT AND AUTHORIZING IPAIT TO DESIGNATE AND NAME DEPOSITORIES. WHEREAS, Iowa Code section 28E.1 permits political subdivisions to make efficient use of their powers by enabling them to provide joint services with other Public Agencies and to cooperate in other ways of mutual advantage, and to exercise and enjoy jointly any powers, privileges or authority exercised or capable of being exercised by one Public Agency of this state or private agencies for the joint or cooperative action; and WHEREAS, Iowa Code sections 331.555 and 384.21 empowers Cities, City Utilities, and Counties to invest their monies pursuant to a joint investment agreement; and WHEREAS, the City of Fairfield, the Maquoketa Municipal Utility, and Buchanan County are political subdivisions organized and existing under and by virtue of the laws and Constitution of the State of Iowa and have approved the Joint Powers Agreement and Declaration of Trust and thereby they have established the Iowa Public Agency Investment Trust as of October 1, 1987, and amended as of the first day of August, 1988, and as of the 1st day of May, 1993, and further amended the first day of September, 2005; and further amended as of the 1st day of September 2017; and WHEREAS, this Governing Body desires to adopt and enter into the Joint Powers Agreement and Declaration of Trust, and it is in the best interest of this Governing Body to participate in the Iowa Public Agency Investment Trust for the purpose of joint investment of monies with other cities, city utilities and counties to enhance investment earnings to each; and WHEREAS, this Governing Body deems it to be advisable for this Public Agency to make use, from time to time, of the Fixed Term Automated Investment Program available to Participants of IPAIT; NOW, THEREFORE, BE IT RESOLVED: Section 1. The Joint Powers Agreement and Declaration of Trust is approved and adopted. This Public Agency joins with the other public agencies in accordance with the Joint Powers Agreement and Declaration of Trust, as amended, (the "Declaration of Trust") which is incorporated herein by reference with the same effect as if it had been set out in this resolution by becoming a Participant of IPAIT. The Joint Powers Agreement and Declaration of Trust is filed in the minutes of the meeting at which this Resolution is adopted. The authorized officials of this Public Agency are directed and authorized to take such actions and execute documents as may be deemed necessary and appropriate to effect the entry of this Public Agency into the Declaration of Trust and adoption thereof by this Public Agency and to carry out the intent and purpose of this Resolution. Section 2. This Public Agency is authorized to invest its available monies from time to time and to withdraw such monies from time to time in accordance with the provisions of the Declaration of Trust and the Fixed Term Automated Investment Program of IPAIT. Payment for any investments made within the Fixed Term Automated Investment Program is authorized from the Public Agency's specified IPAIT Account. Interest and principal payments must be credited to the Public Agency's designated Trust Account. The Custodian will hold investments in the name of IPAIT for the account of the Public Agency. Resolution No. 2 The following officers and officials of this Public Agency and their respective successors in office each are designated as "Authorized Officials" with full power and authority to effectuate the investment and withdrawal of monies with this Public Agency from time to time in accordance with the Joint Powers Agreement and Declaration of Trust. _____________________________________ _____________________________________ Printed Name Title _____________________________________ _____________________________________ Printed Name Title _____________________________________ _____________________________________ Printed Name Title IPAIT must be advised of any changes in Authorized Officials in accordance with procedures established by IPAIT. Section 3. The Trustees of IPAIT are designated as having official custody of this Public Agency's monies which are invested in accordance with the Joint Powers Agreement and Declaration of Trust and any monies invested in accordance with the Trust's Fixed Term Automated Investment Program. Section 4. IPAIT is authorized to designate and name depositories, to execute documents, and to take actions as may be necessary to purchase and make payment, sell, secure, or take payment of principal and interest. Certificates of deposit must be purchased only from financial institutions designated by IPAIT which are approved depositories as prescribed by Iowa Code chapters 12B and 12C. Section 5. Authorization is given for members and officials of this Public Agency to serve as Trustees of IPAIT from time to time if selected as such pursuant to the provisions of the Declaration of Trust. Section 6. Unless otherwise expressly defined, words that are capitalized in the Resolution have meanings defined in the Joint Powers Agreement and Declaration of Trust. Passed and approved this _______________________ day of ______________________________, ___________ _____________________________________ ____________________________________ Name of Public Agency Signature of Presiding Officer ATTEST: _____________________________________ Clerk/Secretary Please deliver this form and the certification and a completed application form to the following address: gps@pmanetwork.com or PMA Financial Network, LLC Attn: Fund Administration 2135 CityGate Lane, 7th Floor Naperville, IL 60563 3 IOWA PUBLIC AGENCY INVESTMENT TRUST FORM A CERTIFICATE STATE OF IOWA ) ) SS: COUNTY OF ) I, the undersigned of _______________________________________________, State of Iowa, do certify that (Name of Public Agency) attached is a complete copy of the portion of the records of the Governing Body of the named Public Agency, and the same is a complete copy of the action taken by the Governing Body of the Public Agency with respect to this matter at the meeting held on this date; these proceedings remain in full force and effect and have not been amended or rescinded in any way; that this meeting and all action was publicly held in accordance with notice of public meeting and tentative agenda, a copy of which was timely served on each member of the Governing Body of the Public Agency and posted on a bulletin board or other prominent place easily accessible to the public clearly designated for that purpose, at the principal office of the Governing Body and in accordance with the provisions of Iowa Code chapter 21, with at least 24 hours advance notice to the public and media as required by law and with members of the public present in attendance. I further certify that the individuals named therein were on this date lawfully possessed of their respective offices as indicated, that no vacancy existed except as may be stated in proceedings, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the Public Agency or the right of the individuals named herein as officers to their respective positions. WITNESS my hand hereto affixed this_____________________ day of________________________, __________ By _________________________________________________________ (Clerk/Secretary for Public Agency) Subscribed and sworn to before me on this____________________ day of_______________________, _________. By _________________________________________________________ (Notary Public) Commercial in confidence. Copyright © 2020 Render Pty Ltd 1 Master Services Agreement (MSA) Waterloo MSA-REN-01 Prepared for: Waterloo Fiber Date: Nov 5, 2025 DRAFT for REVIEW Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 2 Render Waterloo Fiber Master Services Agreement Table of Contents Company Details - Parties to this Agreement 3 Covenants 4 1. Scope 4 2. Commencement Date 5 3. Term 5 4. Definitions 5 5. Services 7 6. Client Users and Responsibilities 8 7. Render Platform 9 8. Render Obligations 9 9. Invoicing, Fees, and Expenses 9 10. Acceptable Use of the Services 10 11. Confidentiality 11 12. Privacy, Personally Identifiable Information and Client Data 11 13. Intellectual Property 12 14. Limited Warranty And Disclaimers 13 15. Limitation Of Liability 14 16. Indemnity 15 17. Termination 17 18. Governing Law 19 19. Dispute Resolution 19 20. Force Majeure 20 21. Subcontracting 20 22. Render Policies 21 23. Notices 22 24. Miscellaneous 23 25. Execution of this Agreement 24 Exhibit A - Render Maintenance Levels 24 Exhibit B - Render Service Levels 25 Exhibit C - Minimum supported specifications for Client Hardware and Software 25 Exhibit D - Change Request 25 Exhibit E - Executed Mutual NDA between the parties 25 Exhibit F - Work Order and Authority to Proceed (WOA) 25 Exhibit G - Mobilization Plan 25 Exhibit H - ISO 270001 certificate 25 Exhibit I - Render Information Security Policy 25 Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 3 Company Details - Parties to this Agreement Render Networks, Inc (“Render Networks”, “Render”) Legal Name Render Networks, Inc EIN 85-3819757 Trading Name(s) “Render Networks,” “Render” Registered Address 2000 S Colorado Blvd. BLDG 1-2000 #1129. Denver, CO 80222, United States. Render Representative Anish Kelkar Render Email Address rn.legal@rendernetworks.com Waterloo Fiber (“Client”, “The Client”) Legal Name Waterloo Fiber EIN / Company number xxx Trading Name(s) “xxx” Registered Address xxx Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 4 This Master Services Agreement (“Agreement”) is made effective as of the Commencement Date by and between Render Networks, Inc (“Render”), a company incorporated in Delaware, d/b/a Render Networks and Waterloo Fiber (“Client”), known collectively as the "Parties". Recitals WHEREAS, Render has developed a geospatial construction work management platform that utilizes today’s technology and digital data flows to deliver quality fiber networks more efficiently and cost-effectively; and WHEREAS, Client is a telecommunications company that provides wired and wireless construction, installation, operations, and maintenance services in the United States; WHEREAS Client wishes to engage Render’s services in the deployment of broadband networks; and WHEREAS, the Parties wish to execute a Master Services Agreement that will define the terms and conditions of the business relationship; NOW, THEREFORE, in consideration of these premises, and in express reliance upon the mutual promises and covenants contained herein, the Parties hereto agree as follows: Covenants 1. Scope The intent of this Agreement is for the Parties to agree on general terms and conditions that govern the business relationship for every project that Render is engaged in by Client. The scope of each project under this Agreement shall be separately determined by a Work Order and Authority to Proceed (“WOA”) that will be incorporated into this Agreement by reference. 1.1 Render Rights. This Agreement and the furnishing of Confidential Information by Render as provided herein shall not be construed as establishing, either expressly or by implication, any grant of rights to ownership, Intellectual Property, licenses, or to any patent or copyright, trade names, trademarks, or trade secret information. Unless expressly authorized under this Agreement or by Render in writing, the Client is not permitted to: (a) reverse engineer, adapt, modify, or duplicate any Materials as provided by Render without written approval by Render or (b) Utilize any Materials as provided by Render to compete with Render, assist a competitor of Render or develop competing products or Services. Each Party is responsible for compliance with this Agreement by its employees, contractors, and agents and is liable for all their acts and omissions. 1.2 Client Rights. Client retains all of its rights, title, and interest in and to Client Data, and ownership of Client Data is not transferred to Render under this Agreement. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 5 1.3 Right to Use. Client grants Render a non-exclusive license, for the term of this Agreement, solely to use Client Data to accommodate Client’s authorized use of the Services. 2. Commencement Date The Parties agree this Master Services Agreement commences and becomes effective on: Commencement Date November 15, 2025 3. Term This Agreement shall be in full force and effective for an initial term of five (5) years from the MSA Commencement Date. The Agreement will automatically renew on a year-to- year basis after the initial term with both parties having the right, upon sixty (60) days written notice prior to the conclusion of an Agreement year, to terminate the Agreement at the conclusion of said Agreement year. If one or more WOAs remain in effect beyond the end of the Term, the Agreement continues until one or all of the WOAs are complete per Section 9.4 of this Agreement and/or terminated. If there are no WOAs in effect, either Party may terminate this Agreement upon not less than sixty (60) days prior written notice of termination. Upon such notice by either Party, both Pa rties shall continue to perform their respective obligations according to this Agreement until the termination is effective. 4. Definitions As used in this Agreement, unless the context otherwise requires, the following terms shall have the following meanings: 4.1 Agreement means this Master Services Agreement and any applicable Appendices or Exhibits attached hereto and incorporated herein. 4.2 Blueprinting refers to the process by which Render ingests an engineering design provided by Client into the Render platform for use. 4.3 Business Day means all days except Saturday, Sunday and officially recognized Federal legal holidays. 4.4 Change Request means a form and mechanism for Render to initiate and both Parties to agree to a change to cost, time, quality, or scope of services to be delivered under a WOA. 4.5 Client Data means data (including Personally Identifiable Information) that the Client or any User that has been granted access to the Render Platform through the Client, uploads, transmits, or creates via the Render Platform. 4.6 Confidential Information means any information that is proprietary or including but not limited to, Intellectual Property, patents, trademarks, trade secrets, technical data, or know-how that relates to technology, research, product plans, products, services, customers, markets, software, developments, inventions, processes, designs, drawings, Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 6 engineering, hardware configuration information, marketing, pricing, finances, the identity of the Parties, financial and business plans, strategies, reports, and projections, or that is of such a nature that would reasonably be construed as Confidential or proprietary even if given orally or prior to the execution of this document. 4.7 Demand Points, Premises, Households Passed (HHP) and Fiber Miles Demand Points, Premises, and HHP mean a single building or structure located on a defined geographical site (such as may be evidenced by a certificate of title), which has a unique physical address recognized by the local postal service or telecommunications provider, and is occupied by, or could readily be occupied by a potential end-user and to which services may be provided by the Client. For the avoidance of doubt, a demand point, premises, or HHP includes each such building or structure that is in, or that is from development activities reasonably anticipated in the near future to be in, a greenfields area or development site that is with in or adjacent to a coverage area agreed by the Parties in writing. For example, Unit 4, 440 Smith St. is a separate demand point to Unit 3, 440 Smith St. “Fiber Miles” means the aggregate of fiber related linear tasks created within the Render platform. 4.8 Fees means the charge(s) payable by the Client to Render pursuant to this Agreement, as specified in the applicable WOA. 4.9 Intellectual Property means work product that includes but is not limited to a Render creation, invention, design or software development that is the result of professional creativity directly or indirectly related to the Render Platform. The work product may or may not be officially designated as a patent, copyright, or trademark. 4.10 Materials means all manuals, data, documents, and information that are prepared, written, made accessible, provided, or developed by Render or its licensors in connection with the Services or the Render Platform, including help and support documentation. 4.11 Personally Identifiable Information (PII) refers to any information that can be used to distinguish or trace an individual's identity, such as name, social security number, and any other information that is linked or linkable to an individual, such as emp loyment information. 4.12 Project means the project(s) that the Client uses the Services and/or the Render Platform pursuant to a WOA. 4.13 Render means Render Networks, Inc incorporated in Delaware, US, and or any Render Affiliate. 4.14 Render Affiliate means a) any entity controlling or controlled by Render; and b) any entity under common control with Render, for so long as such common control continues to exist, where “control” means ownership either directly or indirectly of more than 50% of the voting shares. Includes Render Networks Pty Ltd, located at 104/1 Crescent Rd, Glen Iris, VIC 3146, Australia. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 7 4.15 Render Platform means the machine-readable code online platform owned by or licensed to Render, and Upgrades thereto released during the term of this Agreement, and which is accessed and used by the Client and its Users, and regardless of whether it is hosted by Render, the Client or a Third Party, including all applications incorporated, such as but not limited to ‘Tickets’, ‘Scale’, ‘Hub’, ‘Office’, ’Office Viewer’, ‘Field’, ‘Insights’, “ClearSight’, ‘Power User’, ‘Standard User’, and any deliverable outputs, reports, forms, dashboards and/or configuration data from these items. 4.16 Services means any and all services provided by Render staff and its contractors in the provision and offering of Render’s platform for use by the Client. This includes the deliverables described within the scope and commercial sections of each WOA attached to this MSA, and in section 5 below. 4.17 Service Level Agreement means Render’s standard service levels as described in Exhibit B of this MSA. 4.18 The Client means the entity identified in the Company Details - Parties to this Agreement section of this agreement, including all employees, affiliates and associates of that entity. Client Affiliate means any entity controlling or controlled by The Client, or an entity identified in this agreement as a Client Affiliate. 4.19 Third Party means a person or entity that is neither Render nor the Client. 4.20 User Terms of Service means any terms and conditions which govern the Users’ use of the Render Platform as specified by Render from time to time may be updated and which shall be made available on the Render Platform itself. 4.21 Upgrades means any bug fixes, error corrections, modifications, updates, upgrades, and new versions of the Render Platform that are provided by Render to its Clients at no additional charge. Upgrades exclude new products that are charged separately by Render. 4.22 User means any individual person who accesses the Services or the Render Platform whether as an employee, contractor, subcontractor, affiliate, or agent of Client. 4.23 Work Order and Authority to Proceed (WOA) means the applicable order form, Scope of Work document, Statement of Work document, or similar document that describes an agreement between the Parties relating to the provision of Services and/or the Render Platform by Render for a specified Project. 5. Services 5.1 WOA. The Client must execute a WOA in order for the Services to be undertaken. No other document will constitute an agreement for the scope of Services between the Parties. Any amendments to a WOA must be expressly agreed upon in writing by the Parties. 5.2 User Terms of Service. All Users of the Render Platform shall comply with the User Terms of Service. Render may modify the User Terms of Service at its reasonable discretion. Notice of such changes including the revised document will be communicated digitally to Clients. Changes will not apply retroactively and will become effective no Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 8 sooner than thirty (30) days after the notice is given. However, in certain circumstances, changes addressing new functions for a Service or changes made for legal reasons will be effective immediately. User Terms of Service 5.3 Client Data access. Throughout a Project or when any WOA is in effect, all Client Data is available via the Render Platform. Upon Project completion, Client can elect to have Client Data exported or alternatively retained on the Render Platform under an archiving agreement for an additional fee. 5.4 Services and Schedule. In consideration for any applicable Fees, Render will provide the Services (which may include access to the Render Platform) as defined in each WOA pursuant to the terms and conditions of this Agreement. 5.5 Services outside scope of WOA. Render will not be obliged to perform any Services identified by Render as distinctly different from those detailed in a particular WOA. For activities outside of the scope of the WOA (as reasonably determined by Render), a new or amended WOA will be drafted and executed in which separate scope, deliverables, fees, expenses, and payment milestones will be agreed. Where appropriate, a scope change may be initiated by Render by submission of a Change Request in a form similar to that set out in Exhibit D - Change Request. 5.6. Term of License or Service. Render will provide each Service or license from the Effective Date for any period specified in an agreed WOA unless terminated earlier in accordance with the terms of this Agreement. 6. Client Users and Responsibilities 6.1 Access to Client Premises. The Client will grant Render and its subcontractors such access to its premises, equipment, and resources (including employees) of the Client as reasonably requested by Render or its subcontractors for the performance of the Services and Render’s obligations under this Agreement or any WOA. 6.2 Access to Project Premises. Client will make a good faith effort to assure that Render will not be denied entry into any Project premises as reasonably requested by Render or its subcontractors as required by a WOA. 6.3 Client Performance. The Client understands and acknowledges that Renders’ ability to provide the Services and deliver in accordance with Project schedules outlined in a WOA is dependent on the Client fulfilling its obligations under this Agreement and the WOA, which are solely within Client’s control. The Client acknowledges that Client’s failure to perform any such obligations, that are solely within Client’s control may result in (a) a failure to receive Services; (b) a delay in the project schedule and/or (c) additional costs incurred. The Client also acknowledges that failure or delay to perform a material obligation specified under a WOA may result in a delay of Render’s performance of the Services, or additional effort on Renders’ part to deliver the Services. In the event that Render determines that such delay or additional effort will cause additional cost to Client, Render shall submit a change request in a form similar to that set out in Exhibit D - Change Request. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 9 6.4 Client Data Provision Obligations. Render’s pricing assumes the provision of accurate and fully specified geospatial data, with an associated schema and data glossary, to be made available for Blueprinting. Acceptable geospatial formats include Biarri output, Vetro output, Comsof output, 3GIS output, OSPInsight output, ESRI shapefile, Mapinfo TAB, GeoJSON, GML, KML, and GDB. Any material deviation from the format established at the commencement of a Project may be subject to additional fees based upon the additional effort for Render to adapt. 6.5 Client User List. It is the responsibility of Client to manage its Users, including but not limited to access levels, permissions, and roles on each project as well as authorization for individuals being added/removed from platform access. Render is not responsible for managing user access to the platform or monitoring user activity levels across User Lists and Projects. All Client users enabled on the Render platform are eligible to be counted as users for the purposes of invoicing, regardless of activity level on the Platform. 7. Render Platform The Client must provide its own internal facilities (including computers, iPads, terminals, software, telecommunications facilities, and internet connectivity) necessary for the utilization of the Render Platform. Client acknowledges and accepts that the use of the Render Platform by any and all Users shall be in accordance with this Agreement, the WOA, and the User Terms of Service. Any material deviation from these terms and conditions may be considered a breach of this Agreement. 8. Render Obligations As part of its obligations hereunder, Render agrees to: provide staff with sufficient skills to deliver the Services as set out in each WOA, and ensure that the Services are provided properly and carefully in a professional and business-like manner and in accordance with relevant industry standards, act ethically and lawfully, and when using the Client’s premises or facilities, comply with all reasonable Client procedures and policies in effect relating to occupational health, safety and security, as notified in writing by the Client to Render in advance. 9. Invoicing, Fees, and Expenses 9.1 Invoicing. Unless otherwise specified in the WOA, Render will submit invoices monthly to the Client. Fees will be calculated using the agreed charges in the WOA. 9.2 Fees. A WOA determines the fees and scope of work for each project. Unless otherwise specified in the WOA, the Client must pay undisputed Fees within 30 days after receipt of the invoice and by the means specified in the WOA. If the Client fails to pay any undisputed amount payable by it under this Agreement within 30 days after receipt of notice of failure to pay, Render will be entitled to charge the Client interest on the overdue amount, payable by the Client immediately on demand, from the due date up to the date of actual payment at a rate of 5% per annum, and such interest shall accrue daily, be calculated weekly and be compounded monthly. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 10 9.3 Temporary Suspension of Services. If the Client’s account is in arrears for greater than 60 days after the due date of the invoice, Render reserves the right to temporarily suspend services including platform access until the overdue invoice is paid in full. 9.4 Project Completion. A project or WOA will be considered complete when all appropriate data services fees have been applied for all areas, and the client has provided written instruction to off-board all users from the platform. Until such time, Client will continue to receive billing as charges are incurred per WOA. 9.5 Currency. All amounts are quoted and to be paid in U.S. dollars. 9.6 Consumer Price Index (CPI) Price Changes. Render will apply changes to the fees and prices listed in each WOA on an annual basis, following an initial 12-month period. Price changes will be the higher of 4% per annum, or the CPI figure released by the U.S. BUREAU OF LABOR STATISTICS for the preceding 12-month period as available each year at this location, or similar: https://www.bls.gov/cpi/ 10. Acceptable Use of the Services The material failure of Client and any of Client’s Users to materially comply with Render’s Acceptable Use Policy as detailed in this Section may lead to suspension or termination of the Services, with thirty (30) days’ notice and opportunity to cure. Additionally, all Users must use the Services in accordance with this Agreement and the User Terms of Service and in accordance with all applicable laws. The Client is responsible for compliance with this Agreement by all Users including those of Client’s subcontractors, third parties, agents and other affiliated consultants, and is liable for all their acts and omissions. 10.1 Prohibitions. In addition, the Client and Users shall not: a. Access (directly or indirectly) the Services, in order to sub-license, disclose, resell, publish, transmit or otherwise make available to any Third Party other than its Users any part of Services; b. Modify, copy or create derivative works based on the Platform or reverse engineer, disassemble or decompile any software (including firmware) or any hardware or hardware designs which have been provided to the User for any purpose. This includes but is not limited to any deliverables such as as-builts, unit reports, crew daily reports, or ticket reports provided by Render. c. Upload, download, post, transmit, store or otherwise make available any Data that is unlawful, harassing, threatening, harmful, defamatory, libelous, abusive, violent, obscene, vulgar, invasive of another’s privacy, hateful or racially or ethnically offensive; d. Collect or store Personally Identifiable Information without permission; e. Promote in any way illegal or unwelcome or unsociable activities; f. Access the Services, or disclose any information about the Services to any country that is subject to the United States export control restrictions; Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 11 g. Attempt to gain unauthorized access to, or disrupt, breach or circumvent Render security, integrity or performance of the Render Platform or any data contained in it; h. Use the Services or knowledge of the Services to assist Render’ competitors; i. Use the Services for the purpose of creating a competitive product or service or copying its features or user interface; j. Use the Services for hire or rental, timesharing, service bureau or in any other way where a Third Party may derive benefit from the use of the Services; or k. Undertake promotions or undertake commercial activity not expressly authorized or connected to the business purposes the Services are intended to support. l. Share login information with another individual or allow other individuals to access the Render Platform through a User’s account credentials for the purpose of using the Render Platform. 11. Confidentiality 11.1 Non-Disclosure Agreement. Both Parties acknowledge that the Confidential Information obtained by either Party pursuant to sales discussions and WOAs related to this Agreement may constitute valuable trade secrets of the Disclosing Party. As such, the Parties have signed an NDA which is incorporated herein by reference and attached as Exhibit E to this Agreement. 11.2 Website and Marketing Materials. Client agrees to the use of the Client brand and logo in Render promotional material, and on the Render website: https://www.rendernetworks.com, subject to compliance with Client brand guidelines. 11.3 Public Disclosure of Projects. Render will disclose information regarding a specific Project if Client has authorized such disclosure in the relevant WOA, or in writing. 11.4 Cross-marketing. Collaborative and cross promotional activities shall be agreed upon in writing as they arise. 11.5 References. Client may, in its sole discretion, serve as a reference from time to time for Render sales prospects provided that Render requests the reference in writing and in advance. 12. Privacy, Personally Identifiable Information and Client Data 12.1 Protection of Personally Identifiable Information. Render will protect Personally Identifiable Information from loss, destruction, or unauthorized use or access, utilizing technical, physical, and administrative security measures consistent, and in accordance with Render Privacy Policy https://rendernetworks.com/privacy, applicable laws, and good industry practice. 12.2 Allowances. Render may share Personally Identifiable Information with Third Parties to perform business functions and services on its behalf including in connection Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 12 with the use of the Services (such functions may include hosting servers, providing legal, accounting, marketing, research, or other support services); or as required or permitted by law. These third parties may be located in various countries across the globe. Where Render does make information or data available to third parties to perform business functions and services on behalf of Render, all such Parties will be obligated to maintain the security and confidentiality of the Personally Identifiable Information and to process the data in accordance with Render’s instructions. Render either by itself or through third-party service providers, will act only as a data processor and will not re-use or re- disclose Personally Identifiable Information for unrelated purposes outside the provision of the Services. Render will conclude appropriate data protection contracts with all such third parties, to ensure appropriate levels of data protection are accorded to the data at all times. 13. Intellectual Property 13.1 Rights. This Agreement is not a sale and does not convey to Client any rights of ownership in or related to the Material or the Services, or any Intellectual Property rights therein. Similarly, Client does not convey any rights of ownership to Client data. Parties shall continue to own all their respective Intellectual Property rights. Except for Materials specified under an associated WOA, the Client acknowledges and agrees that Render and its licensors own all right, title, and interest in and to the Services, including all Intellectual Property Rights therein and thereto, including any Materials or software that may be developed by Render in the performance of the Services or in the future. For the avoidance of doubt, Render retains all Intellectual Property rights in the Render Platform and products relating to delivery of the Services, whether pre-existing or subsequently developed in delivering the Services. Nothing in this Agreement will affect ownership of Intellectual Property rights created and owned by any entities not a Party to this Agreement and not pursuant to an agreement with Render. 13.2 Feedback. Notwithstanding anything to the contrary in this Agreement, Render has and retains the exclusive right to own, use and disclose, in the course of its business, all feedback regarding user viewpoints, opinions, and suggestions provided by Client with respect to the Services and Materials. 13.3 Obligations. If Render engages any third Parties to create content as described in this Agreement, Render will secure adequate rights for those portions, and such rights will be assigned to Client under this section. Client will secure all necessary rights to copyright, trademark, or other Intellectual Property to any Materials it submits to Render for use in the Services. 14. Limited Warranty And Disclaimers 14.1 Limited Warranty. Render warrants that it will provide the Services in a professional and workmanlike manner consistent with general industry standards, in conformance with any specifications mutually agreed upon in a WOA by Render and Client, or if no su ch specifications agreed upon, then Render’s12.1 Protection of Personally Identifiable Information. Render will protect Personally Identifiable Information from loss, destruction, or unauthorized use or access, utilizing technical, physical, and admini strative security Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 13 measures consistent, and in accordance with Render Privacy Policy https://rendernetworks.com/privacy, applicable laws, and good industry practice. 12.2 Allowances. Render may share Personally Identifiable Information with Third Parties to perform business functions and services on its behalf including in connection with the use of the Services (such functions may include hosting servers, providing legal, accounting, marketing, research, or other support services); or as required or permitted by law. These third parties may be located in various countries across the globe. Where Render does make information or data available to third parties to perform business functions and services on behalf of Render, all such Parties will be obligated to maintain the security and confidentiality of the Personally Identifiable Information and to process the data in accordance with Render’s instructions. Render either by itself or through third- party service providers, will act only as a data processor and will not re-use or re-disclose Personally Identifiable Information for unrelated purposes outside the provision of the Services. Render will conclude appropriate data protection contracts with all such third parties, to ensure appropriate levels of data protection are accorded to the data at all times. published specifications for the Services, and in compliance with all applicable laws. Render warrants that the Materials will conform with any specifications mutually agreed upon by Render and Client, or if no such specifications are agreed upon, then Re nder’s published specifications for the Materials, and will comply with all applicable laws. Render warrants that it will use commercially reasonable efforts to prevent the introduction of viruses, Trojan horses, or similar harmful materials into the Render Platform (but Render is not responsible for harmful materials submitted by any User). 14.2 Remedy. To the maximum extent permitted by law, Render’s sole obligation and Client’s sole and exclusive remedies for any breach of warranty claim related to the foregoing warranty are limited to the reperformance of the Services. 14.3 Legislation. Certain statutory provisions may imply warranties, consumer guarantees or conditions, or impose obligations on Render which cannot be excluded, disclaimed, restricted or modified, or cannot be excluded, disclaimed, restricted or modified except to a limited extent. This Agreement must be read subject to those statutory provisions. If those statutory provisions apply, then the extent to which Render is lawfully permitted to do so, Render limits its liability in respect of any claim under t hose statutory provisions to, in the case of Services, supplying the Services again or paying the cost of supplying the Services again. 14.4 Warranty regarding Client Data and Use of the Services. Client owns all right, title, and interest in and to the Client Data. Client shall have sole responsibility for the legality, reliability, integrity, accuracy, and quality of the Client Data and of the means by which Render acquires the Client Data. Further, the Client represents and warrants that it is authorized and has appropriate legal rights to disseminate Client Data and that the Client Data and the Client’s use of the Client Data will not violate applicable laws or this Agreement. Render is not obligated to screen Client Data, although Render reserves the right to screen Client Data and to remove/refuse use of Client Data. Render will notify the Client if Render removes Client Data and will repost or return such Client Data; provided that, in Render’s reasonable discretion, doing so would not place Render at risk of any loss or damage. To the extent permitted by law and subject to Section 15 of this Agreement, Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 14 Render is not liable for any damage or loss caused by Render’s decision to remove/refusal to use Client Data. The Client is entirely responsible for the content and delivery of Client Data, including without limitation, the accuracy, backup, usefulness, ti meliness, and completeness of Client Data. Render will not be liable for any loss of service resulting from inaccurate or incomplete Client Data. The Client is responsible for ensuring Client Data does not violate any rights of a Third Party or law. 15. Limitation Of Liability FOR EACH WORK ORDER, IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER OR TO ANY PERSONNEL, SUBCONTRACTOR OR OTHER PERSON OR ENTITY CLAIMING THROUGH SUCH PARTY IN CONNECTION WITH THE SERVICES OF THE WORK ORDER UNDER ANY EQUITY, COMMON LAW, CONTRACT, ESTOPPEL, NEGLIGENCE, TORT, STRICT LIABILITY OR ANY OTHER THEORY (REGARDLESS OF THE FORM OF ACTION) FOR ANY CONSEQUENTIAL, INCIDENTAL, INDIRECT, PUNITIVE OR SPECIAL DAMAGES, OR FOR LOST PROFITS, LOSS OF BUSINESS OR LOSS OF GOODWILL, ARISING OUT OF, RESULTING FROM, OR RELATING TO THE SERVICES OF THE WORK ORDER EVEN IF SAID PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. TO THE MAXIMUM EXTENT PERMITTED BY LAW AND REGARDLESS OF WHETHER A CLAIM ARISES IN CONTRACT, TORT (INCLUDING IN NEGLIGENCE) OR OTHERWISE, IN NO EVENT SHALL RENDER’S AGGREGATE CUMULATIVE LIABILITY (INCLUDING ITS OFFICERS, EMPLOYEES, CONTRACTORS, AFFILIATES, AND AGENTS) ARISING OUT OF, RESULTING FROM OR RELATING TO THE WORK ORDER OR ANY OF THE SERVICES EXCEED THE LESSER OF THE TOTAL FEES PAID BY THE CLIENT TO RENDER DURING THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE CLAIM, OR 25% OF THE TOTAL AMOUNT OF T HE WORK ORDER. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 15 16. Indemnity 16.1 Render Indemnity. Render will defend Client against any claim, demand, suit or proceeding made or brought against Client by a Third Party alleging that the use of the Services in accordance with this Agreement infringes or misappropriates such Third Party’s Intellectual Property rights, and will indemnify and hold Client harmless from any damages, reasonable attorneys’ fees and costs finally awarded against Client as a result of, or for amounts paid by Client under a court-approved settlement of, such claim, provided Client (i) promptly gives Render written notice of the claim, (ii) gives Render sole control of the defense and settlement of such claim (except that Render may not settle such claim unless it unconditionally releases Client of all liability), and (iii) gives Render all reasonable assistance (at Render’s expense). The Client may participate in the defense of a claim asserted hereunder after Render has assumed the defense or settlement, provided that the Client shall bear any legal fees and expenses or other costs it incurs in so participating. Render shall not be liable for any costs or expenses incurred by the Client hereunder by acting without Render’s prior written authorization. 16.2 Limit on Indemnity. Notwithstanding anything to the contrary contained in this Agreement, Render will have no liability under Section 16.1 above for any claims arising from the: a. Combination of the Services or Materials with other software, hardware or other products not provided by Render, if the claim would not have occurred if the Services or Materials had not been so combined; b. Modification of the Services or Materials, in whole or in part, by anyone other than Render or its agents and affiliates if the claim would not have occurred but for such modification; c. Use of the Services or Materials in a way contrary to this Agreement, the WOA, the intended use of the Services, or in any unlawful, improper or inappropriate manner or for any unlawful, improper or inappropriate purpose; d. Use by Client of any specified release of the Services or Materials after Render notifies Client that continued use may subject Client to such claim of infringement, provided Render provides Client with a replacement release; or e. Any claim of infringement of any patent or copyright or misappropriation of any trade secret in which Client or any affiliate of Client has a pecuniary or other material interest. 16.3 Replacement Materials. If any portion of the Materials is held, or in Render’s opinion is likely to be held, to infringe or misappropriate a Third Party’s Intellectual Property rights, or use of the Services is otherwise enjoined, then Render may at its s ole option and expense, within a commercially reasonable period of time: f. Procure for Client the right to continue using the Materials or Services; g. Replace the Materials or Services with non-infringing Materials or Services providing substantially similar functionality; Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 16 h. Modify the Materials or Services or the affected part of the Materials or Services to make it non-infringing; or i. In the event that none of the foregoing is reasonably practicable, terminate this Agreement and refund any prepaid but unutilized Fees paid by Client with respect to the impacted Materials or Services. 16.4 Client Indemnity. Client will defend Render and Render Affiliates, against any claim, demand, suit, or proceeding made or brought against Render, Render Affiliates, or any Render Related Entity by a Third Party to the extent that such claim, demand, suit, or proceeding is based on a claim arising out of the negligence or willful misconduct of Client’s or their respective Affiliates or its/their employees, agents, suppliers, or subcontractor in the course of performance of or as a result of the performa nce of this Agreement resulting in damage, death or bodily injury to a Third Party or its property, excluding, however, those claims described in Section 16.1 above, and will indemnify and hold Render, Render Affiliates, and any Render Related Entity harmless from any damages, reasonable attorneys’ fees and costs finally awarded against Render, Render Affiliates, and any Render Related Entity as a result of, or for amounts paid by Render, Render Affiliates, or any Render Related Entity under a court-approved settlement of, such claim, provided Render (i) promptly gives Client written notice of the claim, but failure to provide such notice shall not affect Client’s indemnification obligations except to the extent Render is prejudiced by such failure, (ii) gives Client sole control of the defense and settlement of such claim (except that Client may not settle such claim unless it unconditionally releases Render, Render Affiliate, and any Render Related Entity of all liability), and (iii) gives Client all reasonable assistance (at Client's expense). Render, Render Affiliate, and any Render Related Entity may participate in the defense of a claim asserted hereunder after Client has assumed the defense or settlement, provided that Render, Render Affiliate, and/or any Render Related Entity shall bear any legal fees and expenses or other costs it incurs in so participating. Client shall not be liable for any costs or expenses incurred by Render hereunder by acting without Client’s prior written authorization. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 17 17. Termination 17.1 Termination of this agreement. Except as otherwise provided for herein, either Party may terminate this Agreement for convenience by providing the minimum written notice of 90 days provided there is no WOA in effect. If one or more WOAs are in effect, the Agreement continues until one or all of the WOAs are complete per Section 9.4 of this Agreement and/or terminated in accordance with the terms of the WOA. 17.2 Termination for Breach. Either Party may terminate this Agreement in the event that the other Party commits a material breach of this Agreement and where such breach is capable of remedy, fails to remedy the breach within 30 days after receiving written notice from the other Party specifying the breach in reasonable detail. 17.3 Termination for Nonpayment. Render may terminate this Agreement if the Client’s access has been suspended and the Client has not taken the necessary action to restore access within a further 30 days. A failure to make payment by the due date of an undisputed amount greater than 20% of Fees (whether singularly or in aggregate) constitutes a material breach. Render will be entitled to recover its reasonable attorney’s fees and costs associated with recovery of undisputed amounts from the other party. 17.4 Termination for Insolvency. Either party (“Terminating Party”) may terminate this Agreement by written notice to the other party (“Defaulting Party”) if: a. the Defaulting Party becomes or is likely to become insolvent; b. a receiver, liquidator, administrator or similar official is appointed to the Defaulting Party; or c. the Defaulting Party enters into or proposes to enter into any arrangement with its creditors. Prior to exercising termination rights under clause 17.4: d. the Defaulting Party must: ○ settle all outstanding invoices in full, including payment of the balance of any minimum commitment amounts associated with any active WOAs; or ○ enter into a formal payment plan approved in writing by the Terminating Party; e. any payment plan must: ○ specify fixed installment amounts and payment dates; ○ provide for full payment within 12 months; and ○ be secured by appropriate guarantees or security as reasonably required. If the Defaulting Party fails to comply with an approved payment plan, the Terminating Party may terminate this Agreement immediately by written notice. Termination under this clause: f. does not affect any accrued rights or remedies of either party; and g. does not release the Defaulting Party from its payment obligations. 17.5 Payment in the Event of Termination. In the event that Render terminates this Agreement or the Client indicates it is unwilling or unable to continue to perform its Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 18 obligations, without prejudice to Render’s rights and remedies hereunder, the Client will be required to pay Render all outstanding Fees un-invoiced for Services delivered, including any fees due unless otherwise agreed in writing under a termination settlement agreement. 17.6 Effect of Termination. On termination of this Agreement, each Party shall return all Confidential Information in its possession, custody or control to the other Party in accordance with the NDA between the Parties that is incorporated herein and attached as Exhibit E. The Mutual NDA shall survive the Termination of this Agreement and shall remain in effect until its term expires. Neither Party shall have any continued obligation to the other Party provided this Agreement was not terminated for cause ex cept as otherwise provided in this Agreement. 17.7 Termination by Cause by Render. If this Agreement is terminated by Render for Cause, within thirty (30) days after notice of termination: a. The Client shall cease all use of and return to Render any property or documents which Render owns or in which Render has an interest; b. The Client shall pay Render any outstanding undisputed Fees due to Render, plus any fees due for that month; and c. The Client shall promptly return any Confidential Information of Render in its possession, custody or control to Render. 17.8 Termination by Cause by Client. If this Agreement is terminated by the Client for Cause: a. Render shall refund any portion or percentage of the Fees which might be unused at the date of termination, including but not limited to any one-time Fees or set up fees based on the Initial Term of the WOA. b. Render shall continue to provide Service to the Client if requested by Client for a period of up to 3 months in order to effect a transition to an alternate process. c. Render shall promptly return any Confidential Information of Client in its possession, custody or control to Client. d. In addition to the above, any previously blueprinted section at the time of termination for cause will be supported to completion or transition. 17.8. Termination Rights. Termination of this Agreement does not prejudice any right of action or remedy of either Party that accrued prior to termination. 17.9. Survival. Sections 4, 7, 11, 12, 13, 15, 16 18, 23 and 24 shall survive termination. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 19 18. Governing Law This Agreement is governed by the laws of the State of Delaware, USA. Before commencing any court proceedings, the Parties must first attempt to resolve any disputes through the dispute resolution procedures set forth in this Agreement. Only after exhausting such procedures may the Parties submit to the exclusive jurisdiction of the Delaware courts, and the Parties waive any objections to venue or inconvenient forum. 19. Dispute Resolution 19.1 Negotiation. If any dispute arises between the Parties in connection with this Agreement or any related document, the Parties must: a. issue a written notice to the other Party identifying the specific dispute; and b. use reasonable commercial efforts to resolve the dispute through good faith negotiations within 15 Business Days of the notice. 19.2 Escalation. If negotiations under clause 19.1 fail to resolve the dispute within the specified timeframe (or such longer period as mutually agreed in writing), either Party may escalate the dispute to their respective chief executive officers (or senior ex ecutives with decision-making authority) who shall meet and attempt to resolve the dispute within a further 15 Business Days. 19.3 Mediation. If the dispute remains unresolved following escalation, the Parties must submit the dispute to mediation administered by the American Arbitration Association https://www.adr.org/ under its Commercial Mediation Procedures before proceeding to arbitration. The mediation shall commence within 30 days of referral. Each Party shall bear its own costs and share equally the mediator's fees and expenses, unless otherwise agreed in a settlement. 19.4 Binding Arbitration. Any dispute not resolved through negotiation, escalation, and mediation shall be finally settled by binding arbitration in the State of Delaware, administered by the American Arbitration Association https://www.adr.org/ in accordance with its Commercial Arbitration Rules by one or three arbitrators appointed under those Rules. The arbitration shall be conducted in English. The arbitrator's decision shall be final, binding and enforceable in any court of competent jurisdiction. The prevailing Party shall be entitled to recover its reasonable attorneys' fees, arbitration costs, and related expenses. 19.5 Injunctive Relief. Notwithstanding the foregoing dispute resolution process, either Party may seek immediate injunctive or other equitable relief in any court of competent jurisdiction to protect its Confidential Information or Intellectual Property right s, or to prevent irreparable harm, without the need to post a bond or demonstrate monetary damages. 19.6 Continued Performance. Unless otherwise agreed in writing, the Parties shall continue to perform their respective obligations under this Agreement and any active WOA during any dispute resolution process. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 20 20. Force Majeure 20.1 Force Majeure shall mean any event or cause beyond the reasonable control of the Parties and one that cannot be prevented or eliminated by the exercise of prudent utility practices, including, but not limited to a global pandemic, acts of God, strike, lockout or other labor dispute, sabotage, fire, storm, lightning, flood, war, riot or insurrection, explosion, accident, vehicular collision, embargo, blockage, acts of civil disobedience, inability to secure supplies, governmental authorization or permit, or any other cause whether of the kind specifically enumerated, which prevents the Parties from performing all or any part of any material obligation under the terms of this Agreement. If, because of a Force Majeure event other than a global pandemic, either Party is unable in whole or in part to carry out any of its material obligations under this Agreement and promptly gives notice to the other Party of such Force Majeure, then the material obligations shall be suspended to the extent and for the period made reasonably necessary by such Force Majeure. Should the condition of Force Majeure continue for a period of sixty (60) days following notice, then the other Party may terminate this Agreement without liability. 20.2 Pandemic. The Parties recognize that a global pandemic, such as COVID-19, may change the way companies normally conduct business. As such the Parties agree that any action in response to a pandemic that is taken by either Party including but not limited to cancellation of an event or meeting, cancellation of a joint -sponsorship, restriction of travel, or replacing a speaker for an event at last minute, shall not constitute default or breach of this Agreement so long as the other Party is notified in wr iting that the action taken is due to a pandemic and can reasonably be construed as such. Moreover, when attending in-person events or meetings with the other Party while the any pandemic is ongoing (as recognized by the CDC or WHO if non-US based project), the Parties agree to abide by local restrictions that may be in place, practice proper care regarding health and safety, including wearing a mask, practicing social distancing, practicing proper hand- hygiene as well as taking other necessary measures to prevent exposure to the virus including staying home when exhibiting fever or other virus-related symptoms. 21. Subcontracting 21.1 Subcontracting. Render may subcontract the delivery of Services under this Agreement; provided that Render shall remain liable to the Client for the provision of such Services. 21.2 Independent Contractor. Render is not a Party to any transactions that Client may enter into with a Third Party using the Services. Under this Agreement, Render and its personnel will never be the employee, agent, or partner of Client, and is not engaged in a joint venture with Client. Client agrees to waive to the maximum extent possible any and all rights it may have against Render arising out of any transaction or dealings they conduct with a third-Party through the Service except to the extent caused by Render’s gross negligence or willful misconduct. 21.3 Third-Party access to the Render Platform. Render recognizes that Client may contract with third-Parties for engineering, construction, and other professional services and Client may request that these third-Parties have access to the platform. In such circumstances Render reserves the right to require third-Parties to sign a non-disclosure Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 21 agreement with Render. All users must abide by the Render acceptable use policy and End User terms and could be subject to removal from the platform for any violations. Client is responsible for the actions of its contractors, agents, and subcontractors on the Render Platform. 22. Render Policies 22.1 Maintenance Levels. During the term of this Agreement during which any WOA is in effect, Render shall maintain the Render Platform in accordance with the Maintenance Levels policy as set out in Exhibit A. Render will update this policy from time to time, and will notify the Client and provide an updated copy when this occurs. 22.2 Service Levels. During the term of this Agreement during which any WOA is in effect, Render shall provide the Services and support the Render Platform in accordance with the Service Levels policy as set out in Exhibit B. Render will update this policy fro m time to time, and will notify the Client and provide an updated copy when this occurs. 22.3 Minimum supported specifications for Client Hardware and Software. The minimum supported specifications for Client Hardware and Software are set out in Exhibit C. Render will update this policy from time to time, and will notify the Client and provide an updated copy when this occurs. 22.4 Render Information Security Policy. Render’s Information Security policy is set out in Exhibit I. Render will update this policy from time to time, and will notify the Client and provide an updated copy when this occurs. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 22 23. Notices All notices hereunder must be in writing and shall be deemed validly given if delivered personally to the addressee or if sent by certified mail, return receipt requested, by commercial overnight delivery service, or by electronic transmission, addressed as follows: Render Addressee / Attention to: Render Legal team Email rn.legal@rendernetworks.com. Email subject line Render Legal team” + subject in email subject line Waterloo Fiber Addressee / Attention to: xxx Address xxx Email “xxx Email subject line xxx Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 23 24. Miscellaneous 24.1 Entire Agreement. The following documents will comprise the entire agreement between the Parties concerning its subject matter: ● This Agreement plus any amendments and renewals as well as Exhibits to this Agreement; and ● One or more duly executed WOA(s); and ● A duly executed NDA. 24.2 Inconsistency. To the extent that there is any inconsistency between the parts of this Agreement, the order of priority from highest to lowest is: (a) the WOA, (b) this Agreement, and (c) the Exhibits to this Agreement. 24.3 No Reliance on Representations. The Client warrants that it has not relied on any representation, undertaking, or statement of understanding which has not been stated expressly in this Agreement or upon any descriptions, illustrations, or specifications contained in any document including catalogs or publicity material produced by Render. 24.4 Assignment. Neither Party may assign this Agreement, without the prior written consent of the other Party. Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit of the Parties and their permitted successors and assigns. 24.5 Waiver. A right may only be waived in writing, signed by the Party giving the waiver, and: no other conduct of a Party (including a failure to exercise, or delay in exercising, the right) operates as a waiver of the right or otherwise prevents the exercis e of the right; a waiver of a right on one or more occasions does not operate as a waiver of that right if it arises again; and the exercise of a right does not prevent any further exercise of that right or of any other right. 24.6 Severability. If any provision or part-provision or term of this Agreement is held invalid, unenforceable, or illegal by any court or tribunal for any reason, this Agreement will remain otherwise in full force apart from such provisions or part provisions which will be deemed deleted or modified to the minimum extent necessary to remove the invalidity, unenforceability or illegality. 24.7 No Third-Party Beneficiaries. No provisions of this Agreement are intended or shall be construed to confer upon or give to any person or entity any rights, remedies, or other benefits as a third-party beneficiary. 24.8 Language Of Agreement. This Agreement has been written in the English language and, in the event of any conflict between the English-language version and any translation of this Agreement, the English-language version will prevail. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 24 25. Execution of this Agreement The Parties execute this Agreement, effective from the MSA Commencement Date written above. Render Render Networks, Inc Agreement Render Waterloo Master Services Agreement Company Signed on behalf of: Render Networks, Inc by its duly authorized representative. I confirm that I am duly authorized to enter into this agreement and its ensuing commitments and obligations. Signature Full Name Title Date Client Signed on behalf of: Waterloo Fiber by its authorized representative. I confirm that I am duly authorized to enter into this agreement and its ensuing commitments and obligations. Signature Full Name Title Date Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250904 25 Exhibit A - Render Maintenance Levels Exhibit B - Render Service Levels Exhibit C - Minimum supported specifications for Client Hardware and Software Exhibit D - Change Request Exhibit E - Executed Mutual NDA between the parties Exhibit F - Work Order and Authority to Proceed (WOA) Exhibit G - Mobilization Plan Exhibit H - ISO 270001 certificate Exhibit I - Render Information Security Policy Render Networks Construction Management software Business case for Waterloo Fiber December 2025 Summary 12/16/2025 2 Render Networks is a construction and field- execution management platform purpose-built for fiber broadband networks. For Waterloo Fiber, adopting Render Networks will materially reduce time-to-service for new areas, improve the accuracy and speed of as-built data, lower construction risk and rework, and create a single source of truth across design, construction, and operations. The result is faster revenue realization, better capital efficiency, and stronger long-term network data integrity. WaterlooFiber.comKey Benefits to Waterloo Fiber Faster Time-to-Service: Real-time field progress, digital redlining, and proactive issue resolution accelerate serviceable status. Rapid, High-Quality As-Builts: Field-captured, validated as-builts available in days instead of ~90 days. Reduced Risk & Rework: Standardized workflows, photo QA/QC, and early error detection. Capital & Operational Efficiency: One platform for BAU and expansion, scalable without headcount growth. Stronger Network Intelligence: Cleaner GIS data and board-level visibility into progress and ROI. WaterlooFiber.comEliminating the Middleman & Consultant Dependency Today, Waterloo Fiber relies on external design consultants for design revisions, change orders, and post-construction as-builts, often returned up to 90 days after handover and billed at approximately $0.17 per foot. Render Networks shifts as-built ownership to the field, capturing validated data in real time, eliminating per- foot as-built fees, reducing, consultant dependency and accelerating service activation. WaterlooFiber.comConsultant Cost Avoidance Example 100 miles of fiber equals approximately 528,000 feet. At $0.17 per foot, this represents nearly $89,760 in as-built fees. These savings repeat on every expansion and BAU project, before considering earlier revenue capture. WaterlooFiber.comIntegrated Platform Advantage (3-GIS & Camvio) Render Networks uniquely integrates with Waterloo Fiber’s existing systems. Construction data captured in Render flows directly into 3-GIS for authoritative network records and aligns with Camvio OSS/BSS to enable faster serviceability, activation, and billing, creating a closed-loop, system-to-system workflow. WaterlooFiber.comRecommendation The adoption of Render Networks as Waterloo Fiber’s primary construction execution and field data platform to accelerate service availability, eliminate unnecessary consultant costs, maximize existing system investments, and reduce overall construction risk and cost. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 1 Work Order & Authority to proceed (WOA) Waterloo Fiber WOA-REN-WTR-01 Prepared for: Waterloo Fiber Date: November 5 2025 DRAFT for REVIEW Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 2 Work Order & Authority To Proceed This Work Order & Authority (WOA) is entered into by and between Render and Client pursuant to the Master Services Agreement (MSA) between the parties with a commencement date of December 1, 2025. The Client agrees to the scope, deliverables, fees, expenses, payment milestones, and Additional Terms and Conditions in this WOA set out below. WOA Details WOA Reference ID WOA-REN-WTR-01 Project ID WTR-01 Project FTTH Project(s) Render (“Render Networks”) Legal Name Render Networks, Inc EIN 85-3819757 Trading Name(s) “Render Networks,” “Render” Registered Address 2000 S Colorado Blvd, BLDG 1-2000 #1129 Denver, CO 80222, USA Client (“Waterloo Fiber”, “The Client”) Legal Name Waterloo Telecommunications Utility EIN / Company Number xxx Trading Name(s) Waterloo Fiber Registered Address 402 E 4th St, Waterloo, IA 50703, United States Key Commercial Information WOA commencement December 15, 2025 Minimum Commitment Period 1 year Minimum Commitment Amount $61,470 Render Platform Essential Package Annual Commitment As defined in section 04 below Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 3 01. Render Solution Technology Primary metric Platform Platform access covering core capabilities, users, features, modules, connectors, support, training, & configuration services. Tier based on Annual Build Commitment Build Package Annual usage commitment based on total Fibre households passed (HHP) or Fiber Miles blueprinted in the Platform each year. Degressively priced as volume increases. HHP / Fiber Miles Priced Annually Maintain Package Annual usage commitment based on total maintenance tasks created in the Platform each year. HHP / Fiber Miles / Tasks Priced Annually Professional Services Establishment Platform implementation services - On-site requirements definition; Platform, configuration & project setup; User acceptance testing and initial onboarding. One-time fee Training On-site training supporting Office & Field applications. Included Configuration Post implementation configuration services not included within the Platform. Integration services to third-party software solutions. Custom reporting & services. Hourly T&M Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 4 02. Scope of Work Render has been engaged by Client to apply Render’s unique Digital Network Construction approach for the construction of FTTH network infrastructure to approximately fiber miles. Project Details Render Platform Tier Render Essential as described in section 03 Render Maintain Package Annual Commitment as described in section 04 Establishment As described in section 05 Engineering Design 3-GIS Designer: Internal GIS As-built output Format: As agreed during establishment phase For example: .shp or json format Connectors Camvio Modules Drop Module (10,000 drops annually) Not included in scope Additional Design patterns Additional design patterns introduced after establishment are subject to Additional Project Services fees Additional Connectors, Features and Modules Any additional connectors, features or modules beyond the inclusions in this WOA are subject to additional fees. Camvio-Render-3-GIS Drop data Integration Any additional services work needed to get all the data needed to create a drop task, including the design geometry either into Camvio from 3-GIS or directly into Render from 3-GIS. If such work is needed, it will be priced separately Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 5 03. Render Platform Render Essential With inclusions below: ● $4,995/month or $59,940/year Users Unlimited users - subject to fair use ● Office Users ● Office Viewer Users (read only) ● Field Users Sandbox environment ● 1 Sandbox environment Platform Technical Support ● Email Best Effort - SLA Customer Success Support ● Network Delivery Manager (first 6 months) User Management ● Standard User training ● 1 Virtual hours / month (first 6 months) Configuration Change Support 2 hours / month Render connectors Connectors @ $750 / month ● Camvio Features Features @ $750 / month ● 5 API keys ● Single Sign-On (SSO) ● Render ClearSight ● Render Forecaster ● 2 additional Sandbox Environments Modules Additional modules @ $1,250 / month. Please select: ● Connect (Drops), up to 10,000 drops /year ● Field Validation ● Advanced (Field) QA Please note all modules are subject to annual task thresholds with additional fees applicable per task above threshold. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 6 04. Render Maintain Package Leverage the Render platform post construction to manage unplanned and planned maintenance in a unified environment. Operate and maintain networks with simple templated work scope creation capabilities. Maintain and extend networks, convert overhead networks to underground, and quickly restore networks after natural disasters. Create and manage tasks, add work instructions, and seamlessly assign them to the right people and track through completion. Annual Maintain Commitment Option selected Metric Term Fee / month Fee / year Maintenance Tasks Initial 25,000 tasks included 1 year $0 $0 Build Extensions Initial 1,000 HHP included 1 year $0 $0 The first tier of the Maintain Package is included within the Platform Essentials package. Additional Maintain tiers can be purchased either upfront in increments of 25,000 tasks/year of $1,500/month or at $1.50 per Maintenance Task. Additional Build Extensions will be invoiced in arrears each month at $3.00 per Household Passed (HHP). Maintain package fees are invoiced in advance. Executive discount available for a limited time only see section 07 below for details. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 7 05. Establishment Establishment Fee: $15,000 Project Services: Establishment Fee invoiced on WOA commencement ● Initial implementation & setup ● Includes 2 day on-site workshop (Site visit costs not included) ● Includes 1 unique Blueprinter setup ● Includes virtual training for client and subcontractors Establishment Establishment is the most critical stage of a Render project. During the Establishment Phase, it is expected that once Establishment tasks are completed, these items will not change as the project progresses. Any changes to design or forms may require Additional Services to enable blueprinting, services and deliverables. Establishment tasks: ● Configure the task definitions that will govern the project ● Gather labor and materials rates from the Client that will tie to the forms and unit reports ● Configure forms for construction ● Blueprint the design once the above task definitions are completed ● Test the platform prior to launch ● Launch construction with on-site training Establishment includes setup of the Render Platform instance, resource allocation, storage, configuration workshops, development of forms, reports, testing, admin, and training. Up to 15 days of Render services effort is included in Establishment. If additional services effort is required, T&M fees will apply. Below is an indicative timeline for the Establishment phase based on Render’s understanding of Client’s project timeline. The proposed schedule is contingent upon execution of a WOA, and receipt of an accepted final design and required information from the Client. A typical establishment period is approximately 6 to 7 weeks. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 8 06. Project Services: Time and Materials (T&M) based services Standard rate For standard adds/moves/changes services, training or change requests outside of the scope provision that can be performed by a member of Render staff $175 / hour Custom rate For custom adds/moves/changes services, training or change requests outside of the scope provision that can be performed be performed by a senior technical or principal member of Render staff $225 /hour Additional Training - virtual Additional training delivered remotely by one NDM $175 / hour Additional Training - onsite Onsite Training workshop to support training of Client specific configuration of Render Office & Field applications. ● This is a one time fee. ● Site visit costs are additional. $1,200 / day per NDM Site Visit Costs Travel, accommodation and expenses Covers all domestic travel, local transport and accommodation costs. ● Up to 3 days for 1 person per trip. ● An additional cost of $200 per person per day beyond 3 days applies ● Excludes Project Services $2,500 per trip per person Per Diem Per Diem fee to cover food, data and incidental expenses associated with the project $100 per day per person ● Site Visit Costs are additional to Project Services rate costs. ● Project Services and Site Visit Costs will be agreed upon in advance with the Client. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 9 Additional Project Services Additional Blueprinter Setup Fee If required to adapt to a new network design This fee includes Project Services to setup each additional Blueprinter with a unique design schema: ● Develop Data Contract with the Client to define the layers, attributes, important and expected values from the geospatial design needed to run seamlessly through the Blueprinter ● Develop QA validation tool to ensure design schema meets requirements within the Data Contract ● Up to 50 hours of Render services effort are included. If additional services effort is required, additional T&M fees will apply. $9,500 one time fee Integration Consulting - Design Architecture Render’s Integration Consulting provides a comprehensive solution architecture tailored to the client’s integration and data migration needs ensuring scalability, security, and efficiency. The service includes both project management and solution architecture support, structured into 4 distinct phases: Project Initiation, Discovery and Assessment, Requirements Gathering and Analysis Solution Design. Deliverables ● Solution Design Document Creation ● Design Solution Architecture ● Data ETL and Automation Strategy ● Impact Analysis This service acts as a prerequisite for any implementation performed by the client’s internal staff or an integration partner. ● Fixed Price Assurance: The service is scoped for up to 50 hours and up to 4 weeks duration ● Additional Work: Any work beyond the initial scope or forecasted hours may be charged on a Time and Materials (T&M) basis, subject to prior client approval. $11,995 one time fee Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 10 07. Pricing Summary Fees Year 1 With 50% Exec Discount Monthly fee Platform - Essential $59,940 $29,970 $2,498 Maintain Package Up to 25K Tasks & 1,000 Build Extension HHP Included Included Included Module - Drops Up to 12.5K Drops $15,000 $7,500 $625 Connector - Camvio $9,000 $4,500 $375 Feature - 5 API keys $9,000 $4,500 $375 Establishment fee - one time $15,000 $15,000 - Total $61,470 $3,873 Considerations ● Establishment fee will be invoiced on WOA signing. ● Render Platform fees commence on delivery of Sandbox. ● Fees for any Maintain Package tier increments, Connectors, Modules or Features will commence in the month of delivery and will be invoiced in advance each month. ● Minimum Commitment Amount does not include travel costs or other services fees. Minimum Commitment Period: 1 year from first full month of Maintain Package Minimum Commitment Amount: $61,470 Early closure of WOA: Should Client request closure of this WOA before the Minimum Commitment Period has been reached, or if the cumulative fees paid are less than the Minimum Commitment Amount, Client agrees to pay the balance of the Minimum Commitment Amount that has not yet been invoiced and/or paid. Press Release: Client agrees to Render issuing a press release within 90 days of commencement of this agreement, stating that Client has selected Render Networks, with the specific language in the release to be agreed to by both parties prior to the release. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 11 08. Client Details 09. Render Account Details for Payment The Client agrees to pay Render using electronic funds transfer (EFT) to the following bank account: Render Account Details Company Name Render Networks, Inc EIN 85-3819757 Registered Office & Postal Address 2000 S Colorado Blvd. BLDG 1-2000 #1129. Denver, CO 80222, United States Account name Render Networks, Inc Account Number 3303203861 Bank ID/ Routing Number 121140399 Bank Name Silicon Valley Bank Billing Recipient Entity <Client Name, Inc> Invoicing Contact Name, Email(s) xxx Invoicing Contact Phone xxx Purchase Order Numbers xxx Sales Tax exemption status Exempt (please provide Render with certificate) Not exempt Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 12 Currency USD Remittance Advice acts.receivable@rendernetworks.com Please note: All invoices will be in USD and should not be translated to any other currency. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 13 10. Terms and Conditions 01. Precedence of agreements: These Terms and Conditions govern the Scope of Work and are in addition to the MSA. If there are any discrepancies or additional terms in this Work Order Agreement (WOA) that differ from the MSA, the terms in this WOA will take priority. The order of precedence for the terms is: (1) this WOA; (2) the MSA. 02. Engagement of Render: Upon execution of this Work Order, Client agrees to the scope, deliverables, pricing, and payment milestones outlined above and engages Render to facilitate the delivery of the scope as defined in this Work Order. 03. Project timelines: Timelines provided by Render are contingent upon Render receiving data and information necessary for project implementation by the deadlines requested by Render. Render is not responsible for project delays due to the delayed receipt of required data and information from the Client or a Third-Party. Render is not responsible for any of Client's financing or funding program compliance requirements unless specifically agreed to in writing. 04. Render data assumptions: Pricing for fiber projects is based on receipt of geospatial design data as agreed during project establishment. Render assumes that the design data is in line with Blueprint specification requirements and that geospatial designs will be received in GIS formats such as ESRI SHP file, GeoJSON, KML, GDB, or a substantially similar format. 05. Scope Change: Render will not be obliged to perform any work identified by Render as out of scope or distinctly different from that detailed in this Work Order. For activities outside of the scope of this Work Order, as determined by Render, a new or amended work order will be drafted and executed in which separate scope, deliverables, pricing and payment milestones will be agreed. No changes, modifications, or amendments to any of the terms and conditions of this Work Order shall be valid unless agreed to by the parties in writing and signed by their authorized representatives. 06. Render Obligations: In performing its obligations under this Work Order, Render will: a. provide staff with sufficient skills to deliver to the scope as defined in this Work Order b. ensure that the Work is provided: (i) properly and carefully; (ii) in a professional and businesslike manner; and (iii) in accordance with relevant industry standards; c. act ethically and lawfully; and d. when using the Client’s demand points or facilities, comply with all reasonable Client procedures and policies in effect relating to occupational health, safety, and security, as notified in writing by the Client to Render in advance. e. do nothing which might adversely affect the reputation of Client 07. Client obligations: In performing its obligations under this Work Order, Client must not: a. Alter, obscure, remove, conceal or otherwise interfere with any Render’s trademark, logo, label, copyright or other notice on Render’s products (including any enhancements) or any related documentation or materials; b. Do anything which might adversely affect the reputation of any of the Render products or of Render; or c. Alter, enhance, customize, change or modify the Render products (including any enhancements) in any way. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 14 08. Invoicing Terms: a. Render Platform, Maintain Package fees and any Additional Module fees will be invoiced in advance each month. b. Applicable fees above any additional HHP, Fiber Miles or Tasks above an annual commitment will be invoiced in arrears each month. c. Render Establishment fees will be invoiced upon WOA execution. d. It is the Clients responsibility to manage users on the platform and user levels are subject to fair use. Render reserves the right to manage users, including disabling and removing inactive users from the platform, with such action communicated to the Client in advance. e. An Office Viewer User has a subset of Office functionality including read only access. f. Site Visit Costs will be invoiced in arrears for the month of commencement of travel. 09. Currency: All fees and charges are quoted in US dollars (USD). 10. Payment Terms: Payment will be due from the Client within 30 calendar days of invoice date to the nominated bank account as detailed on the invoice. 11. Taxes: All Fees, Site Visit Costs, and other charges quoted herein do not include sales tax, value-added tax (VAT), goods and services tax (GST), or any other similar taxes or duties that may be applicable. These taxes will be charged additionally to the Client at the prevailing rate, as applicable in the states or regions where the Client operates. Render will itemize these taxes on the invoices where required by law. It is the Client's responsibility to provide Render with accurate information regarding their tax status and exemption certificates, if applicable. 12. Commencement of work in the Render Platform: Work, and invoicing of the Render Platform, Optional Module(s) and Maintain Package fees are expected to commence no later than 90 days from the WOA commencement date. Render reserves the right to vary pricing, terms, and conditions should this timeline not be met; any changes will be communicated in writing. 13. WOA Term: This WOA has a commencement date, and a Minimum Commitment period. After the Minimum Commitment period, this WOA has an open ended completion date. Until the Client requests project or module closure and all outstanding invoices are paid, monthly fees for Render Platform, Optional Modules and Maintain Package will apply. 14. WOA Termination: a. Should the Client wish to terminate this WOA for convenience before the Minimum Commitment Period has been reached, or the cumulative fees paid by the Client are less than the Minimum Commitment Amount, the Client agrees to pay the balance of the Minimum Commitment Amount that has not yet been invoiced and/or paid.. b. The Client may terminate this WOA for convenience after the Minimum Commitment Period provided that cumulative fees under this WOA paid by the client exceed the Minimum Commitment Amount, by providing a minimum written notice of 90 days. c. Upon Termination in all scenarios, the Client will be required to pay all outstanding Fees for Services delivered, unless otherwise agreed in writing. d. Termination of this WOA does not terminate the MSA or any other WOAs that may be in place. 15. User Acceptance Testing (UAT): When Render delivers blueprinting services, or any deliverable, it will first be made available in a UAT environment for Client to test and review. a. Client will be notified of such availability, and will have a 1 business day test and review window to assess the deliverable, and to either indicate acceptance, or request revision of items that are not to agreed specification. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 15 b. The test and review window can be extended or shortened where agreed in advance with the Client. c. Should no response be received from Client during the test and review window, Render will assume Client acceptance, release the deliverable to the Client’s production instance of the Render Platform, and where relevant, issue an invoice for the deliverable. d. Should Client request changes to the production instance after the test and review window has closed, Additional Services fees may apply. 16. Public Disclosure of Project: Subject to compliance with Client brand guidelines, Client authorizes use of Client brand and public disclosure of this Project for Render promotional activities. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 16 11. Authority to Proceed Agreement WOA-REN-WTR-01 Render Render Networks Inc Authorization Signed on behalf of: Render Networks Inc by its duly authorized representative I confirm that I am duly authorized to enter into this agreement and its ensuing commitments and obligations. Signature Full Name Title Date Client <Client Name, Inc> Authorization Signed on behalf of: <Client Name, Inc> by its authorized representative I confirm that I am duly authorized to enter into this agreement and its ensuing commitments and obligations. Signature Full Name Title Date Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 17 Appendix: Render solution descriptions Render Platform Render’s platform delivers the essential capabilities to start managing projects in one centralized platform. Plan and set up network projects and users, aggregate secure data, and execute projects end to end with change management and redline updates. Access always-on data availability and archiving before, during, and after project completion. Platform subscriptions include PMO capabilities, multi-project reporting and dashboards, and support. Build Package Delivers end-to-end automation to build and maintain networks efficiently via Render’s proprietary blueprinting process. Access work management capabilities including templated scope creation and automated task allocation, real-time views into labor and materials utilization, and reporting. Transition seamlessly from construction to operations while maintaining a highly accurate geospatial network record. Maintain Package Leverage the Render platform post construction to manage unplanned and planned maintenance in a unified environment. Operate and maintain networks with simple templated work scope creation capabilities. Maintain and extend networks, convert overhead networks to underground, and quickly restore networks after natural disasters. Create and manage tasks, add work instructions, and seamlessly assign them to the right people and track through completion. Platform Maintenance, Network Delivery, and Technical Support The Render Platform subscription includes ongoing platform support, maintenance, and technical and operational support. Render includes a Service Level Agreement (SLA), which outlines processes and support levels for the platform, including procedures for Help Desk support and troubleshooting; incident response times and resolution; service request types, response and resolution timing; performance KPIs and reporting; and procedures for software, configuration and maintenance updates. Render Platform Sandbox The Sandbox is an instance of the Render Platform with default / out of the box settings. Sandbox is made available to the Client during the Establishment Phase, enabling user training and early familiarization of the Render Platform. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 18 Platform and Configuration Change Requests Render includes up to eight hours per month of Platform and Configuration Change Request support (non-cumulative) within the Platform - Professional tier. Additional services will be charged standard T&M rates below. A 'change request' includes post Establishment phase requests for configuration and data updates from the Client to the Render technical team. Examples include form changes, report changes, As-built updates, or other changes as mutually agreed. Additional change request support beyond these limits is available on a Time & Materials (T&M) basis as outlined below. Render Blueprinting The Render Blueprinter performs an automated translation of a geospatial design to work tasks configured for a specific combination of input design schema and output workflow. Through the Establishment process Render will develop a Data Contract with the Client to define the layers, attributes, important and expected values from the geospatial design needed to run seamlessly through the Render Blueprinter. Minor variations in the design or output workflow that impact the Data Contract may be accommodated through adjustments to the Blueprinter business rules and covered within the monthly configuration change request hours. ● Significant changes to the Blueprinter design schema or output workflow that require a different Blueprinter and thus different Data Contract will be charged an additional Blueprinter Setup Fee ● Each additional Blueprinter required by the Client to support a different project and/or different market will require a one- time Blueprinter Setup Fee. ● Once the Data Contract is approved by the Client, Render will develop a design validation tool to ensure the Client's design schema matches the data contract to ensure seamless blueprinting of subsequent designs. A blueprint may include more than one set of design files to be processed as a batch. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 19 Modules Field Validation ● Pre-Build Activities - With Field Validation functionality, high-level designs are ingested and inspectors are assigned to inspect poles for make ready and other requirements. ● Easily schedule engineering activities including make-ready surveys, design validation checks, and permit surveys. ● Fully customize walkout tasks and sequencing that matches the high level design. ● Permit zoning and sequencing. ● Blueprinter set up fees may apply - once off. See additional services section below. ● Fair use: Includes field validation task volume of up to 50,000 blueprinted tasks per year. A fee of $0.90 / blueprinted task applies to tasks above the annual volume threshold. Additional modules in increments of 50,000 tasks may be purchased in advance. Advanced (Field) QA ● Seamlessly configure and optimize a dynamic QA process based on tasks defined in the project. ● Enable independent third party QA inspection and rectification workflows. ● Blueprinter set up fees may apply. See additional services section ● Fair use: Includes QA task volume of up to 50,000 blueprinted tasks per year. A fee of $0.90 / task applies to tasks above the annual volume threshold. Additional modules in increments of 50,000 tasks may be purchased in advance. Connect (Drops) ● Seamlessly connect and commence monetisation of the constructed network. ● Access Render’s API to enable CRM integration to blueprint drops driven by consumer demand. ● Blueprinter set up fees may apply See project services section. ● Fair use: Includes drop volume of up to 12,500 drops blueprinted to the constructed network. A fee of $3.60 / blueprinted drop applies to tasks above the annual volume threshold. Additional modules in increments of 12,500 tasks may be purchased in advance. Maintenance (Inspect, fix, replace) ● Leverage the Render platform post construction to manage unplanned and planned maintenance in a unified environment. ● Operate and maintain networks with simple templated work scope creation capabilities. Confidential & Proprietary. Copyright © 2025 Render Networks, Inc v20250902 20 ● Maintain and extend networks, convert overhead networks to underground, and quickly restore networks after natural disasters. ● Create and manage tasks, add work instructions, and seamlessly assign them to the right people and track through completion. ● Fair use: Includes maintenance task volume of up to 50,000 blueprinted tasks per year. A fee of $0.75 / blueprinted task applies to tasks above the annual volume threshold. Features Single Sign On (SSO) ● Connection to Client Identity Provider (IdP) to authenticate current employees on the Render Platform in order to meet compliance mandates around data security. ● Fair use: Cost of module scaled by total number of users in subscription. Render ClearSight ● Interactive visualizations and easy-to-understand dashboards powered by rich, geospatial construction and operations data to enable faster, more informed project decisions. Render Forecaster ● Visualises the progress of a project to date, incorporating all tasks in a project, crew availability and production rates to estimate completion, providing what-if scenarios to identify optimum build order that will meet the master schedule. API keys ● Render’s open API supports virtually any data source or system integration requirement. Access to the API is provided by API keys, which can be configured by specific project and read only or read/write to support a variety of applications. Connectors Render Connector for Vetro ● Automated solution for handing over as-built updates from Render to VETRO’s fiber management system ● Configurable in-progress updates to highlight construction progress to designers and planners in VETRO Additional Project Services fees may be required to set up any items above that are not included in the initial scope of this WOA.