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<br />(10%) of said gross receipts, income from the operation of <br />~h~ miniature golf course, or any other amusement placed on <br />and used in the aforesaid property. <br />In the event that LESSEE shall keep each and every <br /> <br />J. <br />'~I <br /> <br />agreement contained herein and do and perform all the <br /> <br />obligations required of LESSEE hereunder during the term of <br />this lease, an option is hereby given and granted to LESSEE <br /> <br />to renew and extend this lease for an additional period of <br />five (5) years from and after the expiration of this <br /> <br />agreement, for and in consideration of th~ delivery of <br /> <br />monthly payments, on the 1st day of each month, to, the City <br /> <br /> <br />Clerk of the City of Paris, during the term of said five- <br /> <br />year option period, a certified statement of the gross <br /> <br />receipts accruing to and from the operation of the amusement <br /> <br />center and each f ac i 1 i ty thereof for the immed ia tely <br /> <br /> <br />preceding month, therewith paying and delivering to the City <br /> <br />of Paris as rental or lease money a sum equal to ten per <br />cent (10%) of said gross receipts, income from the operation <br /> <br />of the miniature golf course, or any other amusement placed <br />on and used in the aforesaid property. Said option may be <br /> <br />exercised by LESSEE'S giving notice in writing of LESSEE'S <br /> <br /> <br />intention to renew said lease on or before the 1st day of <br /> <br />March, 1997. <br /> <br />In consideration whereof, LESSOR and LESSEE mutually <br />agree as follows: <br />(1) That LESSOR let and lease to LESSEE the above <br /> <br />descr i bed proper ty and premises a t the ren ta 1 and for the <br />term and cons ider a t ion hereinabove se tout, and upon the <br /> <br />covenants and conditions herein specified. <br /> <br />I?' TI= Tt"CCJ;'t" C!h!:l11 nt' nn\J HmtJ nh.::lnrlr\n Cllf'h 'tJ~QtJrl <br />