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and thereafter no more often than annually with the approval of the Commission. Other amendments to this Contract shall be considered if mutually agreed to in writing by both parties. RENEWAL This Contract may be renewed for an additional term of ten years at the sole option of the Commission. No later than three months prior to the termination of the Concessionaire Contract, the Concessionaire may request to renew the Contract. The request to renew shall be made in writing to the Commission and is subject to the approval of the Commission. Any renewal of the Contract is subject to the express written approval of the Commission and must be in compliance with applicable laws. OTHER CONTRACTS This Concessionaire Contract and exhibit(s) shall contain the complete Contract between the Commission and the Concessionaire and, as of the effective date thereof, shall supersede all other contracts, communications or representations, either verbal or written, between the Commission and the Concessionaire relating to the subject matter hereof. RENTAL PAYMENTS The agreed upon annual fee for rental of the facility shall be 50% percent of the net profit of the total operation of the facility. The annual rental payment for the range shall be due to the Commission within one hundred and twenty (120) days following the end of the Concessionaire's fiscal year which shall be September 30, accompanied by a certified copy of the profit/loss statements as required by this Contract. The Concessionaire shall be entitled to retain 50% of all profit generated by the operation of the range. LATE FEE Should the Concessionaire fail to make the annual Rental payment, Concessionaire shall be charged interest at the rate of one and one-half percent (1 1/2 %) per month, or pro rata share thereof, on the amount of the delinquent payment commencing the first day following the due date of the Contract until paid. COMPLIANCE WITH LAWS 49