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<br />ARTICLE IV <br /> <br />Term of Leasehold <br /> <br />Term. The term of this lease shall be for a <br />period of 5 years commencing February 8, 1993, and ending <br />February 7,1998. If lessee exercises and performs clll of <br />its duties and obligations hereunder during the term hereof, <br />then upon applying in writing not less than six (6) months <br />nor more than nine (9) months before the end of the said <br />term, lessee shall have an option for a term of five (5) <br />years beginning February 8, 1998, and ending February 7, <br />2003, with the lease for such additional period to be on the <br />same terms and conditions as the initial term. <br /> <br />ARTICLE V <br /> <br />RENTAL FEE <br /> <br />A. Flowage Fee in Lieu of Rental for Ground and <br />Equipment. As annual ground and equipment rental for real <br />and personalty shown on Exhibit "A", "B" and "c" attached <br />hereto Lessee shall pay to Lessor a fuel flowage fee as <br />follows: <br /> <br />From To Ga lIons Fee per Ga lIon <br />0 135,000 $ .05 <br />135,000 200,000 .06 <br />200,000 250,000 .07 <br />250,000 300,000 ,08 <br />300,000 Infinity .09 <br /> <br />B, Time of Payment. All fuel flowage fees sha 11 be <br />paid on or before the third day of the month following the <br />month in which the sale was made. <br /> <br />C. Payment for Office Rental. The 196.4 square feet <br />of office space described on Exhibit A-I attached hereto is <br />leased to LESSEE at the monthly rate of $53.00, which shall <br />be paid monthly on or before the 3rd day of the month <br />following the month for which the same is due. <br /> <br />ARTICLE VI <br /> <br />Insurance, Indemnification and Performance Security <br /> <br />A. Fire Insurance. During the full term of this <br />lease, lessee shall, at its sole cost and expense, cause all <br />improvements constructed by it on the demised premises to be <br />kept insured to the full insurable value thereof against the <br />perils of explosion, fire and like perils. <br /> <br />Said insurance shall be procured from a company <br />authorized to do business in the State of Texas and Satis- <br />factory to lessor, and lessee shall provide evidence satis- <br />factory to lessor that such coverage has been procured and is <br />being maintained, <br />