Agmt06 Nextel of CA - Lease of Emerald Lake Hills Water Tank Property

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Consumers All Items, 1982-1984 = 100 for the San Francisco - Oakland - San Jose - CMSA, published by the United Department of Labor, Bureau of Labor Statistics (the "Index"). The difference between the Index which is in effect on the date immediately prior to the commencement of each Lease Year (the "Beginning Index") and the Index in effect immediately prior to the commencement of the following Lease Year (the "Extension Index") is to be used in determining the amount of the adjustment. If the Extension Index has increased over the Beginning Index, the minimum rent for each Lease Year ("LY") shall be set by multiplying the rent in effect during the previous LY by a fraction, the numerator of which is the Extended Index and the denominator of which is the Beginning Index. For Example, the rent for LY7 shall be determined as follows: LY6 rent X Index in effect on last day prior to commencement of LY7 = Rent for LY7 Index in effect day prior to commencement of LY6 And for LY8: LY7 rent X Index in effect on last day prior to commencement of LY8 = Rent for LY 8 Index in effect on day prior to commencement of LY7 provided that the rent for any of the four LY (LY7 through LY 10) shall not be increased by more than four (4) percent per LY over the rent in effect during the preceding LY. In no case shall the rent during any LY be less than the rent in effect immediately prior to a rent adjustment date. Lessor shall notify Lessee of such adjustment by delivering or mailing a written statement setting forth the calculation of the adjustment in rent. If the format or components of the Index shall be changed materially, or if the Index shall be discontinued after the date of this Lease, then Lessor shall substitute a type of index which is published by the U.S. Department of Labor, the Bureau of Labor Statistics or LeaseAgreement-CommunicationsSite-02/02/06 SITE #599A 3