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<br />3. The initial annual rent due and payable to Lessor by Lessee, for the lease of the above <br /> <br /> <br />described property and premises unto the said COX SOUTHWEST HOLDINGS, L.P., for <br /> <br /> <br />the term of years as stated herein, upon the terms and conditions herein specified, shall be <br /> <br /> <br />Six Thousand Dollars ($6,000.00) annually, the first installment of Six Thousand Dollars <br /> <br /> <br />($6,000.00) having been paid in advance by said Lessee to Lessor, the receipt of which is <br /> <br /> <br />hereby acknowledged, and a like installment shall be due and payable on the 1st day of <br /> <br /> <br />October, 2006 and on the 1st day of October of each succeeding year to and including the 1st <br /> <br />day of October, 2029. Provided however, commencing on October 1, 2006, and annually <br /> <br />thereafter on each anniversary date of the Lease, the amount payable by the Lessor to the <br /> <br /> <br />Lessee shall be adjusted to reflect changes in the Consumer Price Index (CPI-U ALL) for the <br /> <br /> <br />DallaslFt. Worth Metroplex Region 6 Bureau of Labor Statistics for each contract year. For <br /> <br /> <br />each year's adjustment, the CPI base month used for calculating each adjustment shall be <br /> <br />March of said year. <br /> <br />4. Lessee shall pay to Lessor or order at the office of the City Clerk, in the City of Paris, Lamar <br /> <br />County, Texas, the above described and mentioned annual payments when due strictly and <br /> <br />promptly and without neglect, default or delay. <br /> <br />5. Any buildings, installations or improvements of any kind or character made and erected upon <br /> <br />the leased property and premises by Lessee shall be and remain the property of Lessee, shall <br /> <br />not attach to or become a part of the realty and may be by Lessee removed at any time prior <br /> <br />to the expiration or other termination of the Lease. <br /> <br />6. Lessee shall not and may not assign this Lease or sublet the leased property and premises or <br /> <br />any part thereof without first having had and obtained the approval thereof by the Governing <br />Body ofthe City of Paris. <br /> <br />-2- <br />