Investor Presentaiton

Overlashing Rules Overlashing does not constitute another "attachment" for rental purposes Attaching entities may overlash without pole owner "approval" Overlashing must comply with applicable standards Third parties may overlash onto attacher's permitted facilities without permission from the owner If the overlashed wire/fiber delivers "telecommunications services," now including BIAS, the attachment is a telecommunications attachment for rental rate purposes 24 Davis Wright Tremaine LLP

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