Confidential Proprietary Property of Magellan Advisors 1 NORTH

Confidential & Proprietary Property of Magellan Advisors 1 NORTH OLYMPIC PENINSULA BROADBAND SYMPOSIUM 3/1/2021 What Assets Already Exists

2 What Middle Mile Broadband Already Exists? Panel Discussion Moderator – Randy Trost, Magellan Advisors � Chris Black – Century. Link � Claire Ward – Noa. Net � Steve Schopfer – Clallum PUD � Kevin Street – Jefferson PUD � Jeff Stoner – Wave Broadband Confidential & Proprietary Property of Magellan Advisors 3/1/2021

What Assets Already Exist? 3 Middle mile/long haul broadband availability: � Satellite � Copper � Cable � Fiber � Microwave What is so important about middle mile? Confidential & Proprietary Property of Magellan Advisors 3/1/2021

Challenges To Middle Mile 4 ROI Considerations � Rural vs Suburban � Build Costs Construction Buried Aerial Undersea Bridge Crossings Terrain Permits Rights-of-way � Customer Base Confidential & Proprietary Property of Magellan Advisors 3/1/2021

5 Century. Link Chris Black Confidential & Proprietary Property of Magellan Advisors 3/1/2021

Getting Connected: Noa. Net’s Background and Vision for Broadband Deployment in Washington State March 18 th, 2019| North Olympic Peninsula Broadband Symposium Claire Ward Marketing and Communications Manager cward@noanet. net (816) 519 -2370

WHO are we Noa. Net is a Non-profit Municipal Corporation serving Washington State • RCW Chapter 24. 06 Our Owner-Members are Public Entities • 9 Public Utility Districts and one Joint Operating Agency • Serving the public is at the core of everything we do • Member Representatives from each Owner form Board of Directors We consist of 61 employees located throughout PNW • Lean, mean broadband-deploying machine • Headquarters in Gig Harbor, WA • Network Operations Center in Spokane, WA www. noanet. net

WHAT we are made of Noa. Net has over 3, 300 miles of fiber in the State of Washington • Long haul, middle mile and local loop • We started 20 years ago with 4 OC-48’s of capacity, we are now an 80 channel multi-gig transport network ranging from 10 G, 40 G and up to 100 G. MPLS Core. • 26 Core Network Points of Presence, many intermediate aggregation sites, and 3, 500+ end points Noa. Net has Multi-platform Internet, Ethernet, Data Center, VOIP, Access and Surveillance, and OTT product offerings. We also offer professional services. • A la cart model to serve the unique needs of each community • Always looking to the horizon. What’s next? www. noanet. net

Network Map

WHY do we do this Noa. Net’s Mission Statement Leverage relationships and resources to develop and operate a world class open access information platform and network that enhances people’s lives and business opportunities in the State of Washington and facilitates member utility operations Noa. Net’s Vision • To support the needs of Federal, State and Local Governments to bring ubiquitous access to quality services • Bring access to anchor institutions: Schools, Hospitals, Libraries and Businesses • Investment in the economic vitality of all communities in Washington through fiscally-sound build-out planning • Increase competition to encourage best value in rural broadband market www. noanet. net

HOW does the future look? Broadband development strategies • Public Safety Network for the Washington State 911 Coordination Office • State Enhanced 911 Service • Modernize the Network • Enhanced Geo-Diversity • Comprehensive Emergency Management Broadband Network • Department of Defense • First. Net • Early Earthquake Warning • Smart Hub projects for schools and hospitals • Regionalization • The Road to Broadband • Strategies to support and promote public benefit networks www. noanet. net

Thank you. Claire Ward Marketing and Communications Manager cward@noanet. net (816) 519 -2370

13 Clallum PUD Steve Schopfer Confidential & Proprietary Property of Magellan Advisors 3/1/2021

14 Jefferson County PUD Kevin Streett Confidential & Proprietary Property of Magellan Advisors 3/1/2021

Jeff Stoner, Strategic Account Executive Government & Strategic Accounts 401 Parkplace Center, Suite 100 Kirkland, WA 98003 Voice: (360) 914 -4541 E-mail: jstoner@wavebusiness. com 15 3/1/2021

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Combining in 2018 to form the Nations 6 th largest provider Delivers superior communications performance to businesses in the Boston, Chicago, Philadelphia, Lehigh Valley (PA), New York City, and Washington, D. C. areas. In fact, RCN Business was among the first carriers in the U. S. to receive the Metro Ethernet Forum’s CE 2. 0 certification for the E-Line, ELAN, and E-Access categories. Grande Communications is a Texas-based broadband communications company that offers a full suite of Internet, TV and phone services for residential and business customers. Like the Texans we serve, we're proud of our independent, 'can-do' attitude that has enabled us to serve over 160, 000 customers in communities big and small across Texas. 3/1/2021 17

Wave’s Product Set 3/1/2021 18

Voice : PRI, SIP, Analog, VOIP Confidential content. For internal use only.

Fiber Transport VXC • Connecting between data centers • Competitive rates • 1 Gb or 10 Gb We can also connect to our cloud partners at a variety of speeds 20

Wave Fiber & Coax Network – North Olympic Peninsula 21 3/1/2021

22 Questions? Confidential & Proprietary Property of Magellan Advisors 3/1/2021