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for the fixed rental shall be paid in equal monthly installments in the amount of <br />$127.78, which shall be due and payable on the last day of each month for the <br />succeeding month. The Lessee, at its option, may make advance payments of up to <br />one year's rentals, but there will be no discount for these payments. The parties <br />agree that the first annual installment for the fixed rental shall be abated, but all <br />other fees due under this Lease shall be paid as required. <br />Lessee is authorized to claim a credit against fixed rental fees specified herein, and <br />these fixed rental fees only, for 50% of the invoice cost of the land survey dated <br />May 26, 2015. The credit, totaling $389.70, shall be automatically deducted from <br />the Lessee's monthly invoice until credit balance equals $0.00. <br />As further consideration, the Tenant agrees to pay to the Landlord a percentage <br />rental in the form of a monthly fee equal to one percent (1%) of the Lessee's gross <br />income from all of the Lessee's commercial activity at the Leased Premises, <br />including the storage of aircraft or rental of space, and any services provided to its <br />customers at the Airport regardless of whether performed at the Leased Premises or <br />at the customers' locations at the airport, excluding sales or services to federal, state <br />or local governments or other tax exempt organizations or agencies. Payment is to <br />be made within ten (10) days of the last day of the previous month and shall be <br />based on the Lessee's income during the previous month." <br />3) All other terms and conditions of the Lease shall continue in full force and effect except <br />as otherwise modified by this Lease Amendment. <br />4) Effective Date. The Effective Date of this Amendment is the date of execution by the <br />last party that executes the assignment indicated below. <br />Executed and agreed to this day of J.+•�J , 2015. <br />LESSEE: <br />REDBIRD FLIGHT SIMULATIONS, INC. <br />2301 East St. Elmo Road, Suite 100 <br />Austin, Texas 78744 j <br />By <br />; <br />Title Coo <br />N <br />