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<br />. <br /> <br />. <br /> <br />4. Considerations. <br /> <br />As consideration and rental for the demised premises, Lessee <br />agrees to pay to Lessor the sum of two cents (2~) per square foot <br />per year. Payment to be made in advance and on each anniversary <br />date of this lease. Lessee agrees to conduct and operate a non- <br />exclusive operation in accordance with the provisions in paragraph <br />5 hereinafter set out for a term of five (5) years. <br /> <br />5. <br /> <br />Aviation Activities. <br /> <br />I <br /> <br />, <br />The following minimum requirements must be met if Lessee engages <br />in any of the following activities: <br /> <br />A. Aircraft Sales. Must have the following minimum basic require- <br />ments: <br /> <br />Personnel. One person having a current commercial pilot <br />certificate for the types of aircraft to be demonstrated. <br /> <br />DealerShips. Must hold all required state licenses for <br />dealership. <br /> <br />Aircraft. Must have available or on call one current model <br />demonstrator. <br /> <br />Services. Must provide for adequate servicing of aircraft <br />and accessories during warranty periods (new aircraft). <br /> <br />Hours of Operation. The hours of operations shall be at <br />the discret~on of the Lessee, but should be reasonably <br />available to the public. <br /> <br />Insurance. Must carry the following coverages: Bodily <br />Injury - 100,000 each person, 300,000 each accident; <br />Property Damage - 100,000 each accident; Passenger Lia- <br />bility - 100,000 each passenger, 300,000 each accident; <br />and Property Damage -100,000 each accident. <br /> <br />B. Aircraft Rental. <br /> <br />Must have the following minimum basic requirements: <br /> <br />1. Personnel. One person having a current commercial pilot <br />certificate with appropriate ratings. Office to be <br />attended during operating hours. <br /> <br />2. Aircraft. One airworthy aircraft owned or leased in <br />writing to the Lessee. <br /> <br />3. Hours of Operation. The operating hours will be from 8:00 <br />A.M. to 5:00 P.M., six days a week. <br /> <br />4. Insurance. Same as required in 5-A76, above. <br /> <br />C. Flight Training. <br /> <br />Must meet the following minimum requirements: <br /> <br />I <br /> <br />1. Personnel. Must have one person properly certified by <br />the Federal Aviation Administration as flight instructor <br />to cover the type of training offered. <br /> <br />2. Aircraft. Must have one properly certified aircraft <br />equipped for flight training either owned or leased to <br />.the Lessee. <br /> <br />-2_ <br />