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• Section 4. Rental Payment Dates and Amounts. <br />The first semiannual rental installment in the <br />amount of One Hundred Eighty Thousand Five Hundred <br />Dollars ($180,500) shall be due on the day that the <br />Project is completed and ready for use, or February <br />25, 1997, whichever is later. If completion is <br />later than February 25, 1997, the first installment <br />shall be in an amount which provides for rental at <br />the rate of $180,500 for the semiannual period in <br />which the Project is completed and ready for use, <br />prorated from the date of completion until the first <br />February 25 or August 25 following such date of <br />completion. Thereafter such rentals shall be <br />payable in advance in semiannual installments on <br />February 25 and August 25 of each year as provided <br />for in the lease payment schedule attached hereto <br />as Exhibit C. The last semiannual rental payment <br />due before the expiration of this Lease shall be <br />adjusted to provide for rental at the amount <br />specified above for the applicable semiannual period <br />prorated from the date such installment is due to <br />the date of the expiration of this Lease (without <br />taking into account any subsequent early termination <br />of this Lease pursuant to Section 2 hereof). <br />3. The Lease is amended to include the following as <br />i <br />Exhibit C: <br />EXHIBIT C <br />LEASE PAYMENT SCHEDULE FOR <br />BLACKTHORN GOLF COURSE LEASE <br />Payment Date Amount <br /> <br />02-25-97 $180,500 <br />08-25-97 180,500 <br />02-25-98 180,500 <br />08-25-98 200,500 <br />02-25-99 200,500 <br />08-25-99 224,500 <br />02-25-00 224,500 <br />08-25-00 246,500 <br />02-25-01 246,500 <br />08-25-01 275,000 <br />02-25-02 275,000 <br />08-25-02 301,000 <br />02-25-03 301,000 <br />08-25-03 327,500 <br />02-25-04 327,500 <br />08-25-04 344,500 <br />