CPI Adjustment. In this Agreement, “CPI-Adjusted” in reference to an amount means that amount is adjusted under the following formula: N C (1 CPIn CPIc ) CPIc where: ”N” is the new amount being calculated; and “C” is the current amount being adjusted; and

CPI Adjustment. 4.1 At the expiration of theinitial period thereafter ending December 31, 2003 and each five year periodduring the Term, the Base Rent shall be subject to CPI adjustment as follows: At the expiration of the initial period ending December 31, 2003 and each five year period thereafter, the annual rent for the succeeding five year period shall be determined by multiplying the annual Base Rentin effect for the immediately preceding five year period times the "CPI Factor" (as hereinafter defined), provided, however, that the CPI Factor shall never be less than 1.00. As used herein, the "CPI Factor" which shall be determined at the expiration of each five year period during the Term, shall be determined as follows:

CPI Adjustment. (A) The amount of annual Zone Compensation set forth in Section I. of this Appendix D and the amounts of Street Pole Compensation set forth in Section II. of this Appendix D, shall be subject to adjustment (the “CPI Adjustment”) every year on each anniversary of the Effective Date by multiplying the dollar amounts set forth in said Sections I. and II. by the greater of (x) the result of dividing the CPI as of such anniversary by the CPI as of the Effective Date, or (y) 1. Thus for example, with respect to the adjustment of the Zone Compensation dollar amount set forth in Section I. of this Appendix D above, if the CPI is 124 on the Effective Date, 127 on the first anniversary of the Effective Date and 128 on the second anniversary of the Effective Date, then the Zone Compensation due and payable on such first anniversary of the Effective Date will be the product of $100,000 multiplied by 127/124, rounded to the nearest dollar, and the Zone Compensation due and payable on such second anniversary of the Effective Date will be the product of $100,000 multiplied by 128/124, rounded to the nearest dollar.