Facilities Rental. Facilities Rental for the year ending June 30th, 2006 is expected to be $656K, an increase over the results for 04/05 of $52K (9%) The increase is due to a moderate escalation in lease rates, new premises for the pilots, new warehouse for Stores and expansion of the reservation office in Miami. Note 20 – Communications Communication costs include local and long distance telephone charges, line charges for the reservation system, and messaging costs. Communication costs for the year ending June 30th, 2006 are expected to be $839K, a decrease over the results for 04/05 of $409K (33%). The decrease is due to moving the 1-800 number to Miami and stronger cost controls. Note 21 – Depreciation Depreciation expense is primarily derived from the operation of the three 737-200 aircraft owned by the airline. In addition, the company depreciates other non-aircraft assets including computers, office equipment, and other similar assets. Depreciation Expense for the year ending June 30th, 2006 is expected to be $1,764K, an increase over the results for 04/05 of $74K (4%) Note 22 – General & Administration General & Administrative expenses include postage, stationary, utilities, equipment rental, bank fees and other similar expenses. General & Administrative expenses for the year ending June 30th, 2006 is expected to be $1,476K, an decrease over the results for 04/05 of $386K (21%) Note 23 – Advertising & Promotion Advertising & Promotion expense for the year ending June 30th, 2006 is expected to be $840K, an increase over the results for 04/05 of $118K (16%) We have been informed by the DOT that the total advertising and promotion support budget for CAL 05/06 (including support for new routes) will be $750K.

Facilities Rental. Facilities Rental for the year ending June 30th, 2007 is expected to be $488K, a decrease over the results for 05/06 of $155K (24%) The decrease is the result of a number of leases that were vacated in Grand Cayman as the airline moves into the new headquarters building near the airport. Note that it is assumed that certain leases, such as CTO Res and the New Stores Warehouse, will be vacated prior to the maturity of the leases based upon negotiated settlements. Note 20 – Communications Communication costs include local and long distance telephone charges, line charges for the reservation system, and messaging costs. Communication costs for the year ending June 30th, 2007 are expected to be $885K, a decrease over the results for 05/06 of $383K (30%). The decrease, despite an increase in the number of passengers, is due to cost saving measures including:

Facilities Rental. For 90 days from the Closing Date, ----------------- Arris shall rent space at its facilities currently occupied by the DV Business to DVS to conduct the DV Business (the "Rental") at a rate of $6,000 per month. Thereafter, Arris shall rent such space to DVS at its cost, if requested by DVS.

Facilities Rental. Projected Facilities Rental for the year ending June 30, 2010 is $711K. Budgeted expenses for 2010/11 call for slight decrease to $661K. Note 20 – Communications Communication costs include local and long distance telephone charges, line charges for the reservation system, and messaging costs. Projected Communication costs for the year ending June 30, 2010 are $839K. A slight increase is expected in 2010/11 to $919K. CAYMAN AIRWAYS LIMITED NOTES TO THE FORECAST FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 JUNE 2011 Note 21 – Depreciation Depreciation expense through the end of 2007/8 previously was driven largely by the operation of the 737-200 aircraft and the associated spares owned by the airline. This has changed by including only non-aircraft assets and spares associated with the 737-300. However, engine overhauls not reimbursed by the lessor are amortized over the remaining lease term so has a material impact on the expense. Projected Depreciation Expense for the year ending June 30, 2010 is $2,782K. The 2010/11 budget calls for depreciation in the amount of $2,179K.

Facilities Rental. Facilities Rental for the year ending June 30th, 2005 is expected to be $625K, an increase over the projection for 03/04 of $36K (6%). The increase is due to a moderate escalation in lease rates combined with the expansion of the City Ticket Office in Cayman. Note 20 – Communications Communication costs include local and long distance telephone charges, line charges for the reservation system, and messaging costs. Communication costs for the year ending June 30th, 2005 are expected to be $1,058K, an increase over the projection for 03/04 of $35K (3%). The increase is the net result of addition volume of activity (driven by additional flights, employees, and passengers) partially offset by reduced telecommunication rates in the Cayman Islands. Note 21 – Depreciation Depreciation expense is primarily derived from the operation of the three 737-200 aircraft owned by the airline. In addition, the company depreciates other non-aircraft assets including computers, office equipment, and other similar assets. Depreciation Expense for the year ending June 30th, 2005 is expected to be $1,536K, a decrease over the projection for 03/04 of $229K (13%). Note 22 – General & Administration General & Administrative expenses include postage, stationary, utilities, equipment rental, bank fees and other similar expenses. General & Administrative expenses for the year ending June 30th, 2005 is expected to be $1,804K, an increase over the projection for 03/04 of $181K (11%). Note 23 – Advertising & Promotion Advertising & Promotion expense for the year ending June 30th, 2005 is expected to be $722K, a decrease over the projection for 03/04 of $5K (0%). With the launch of at least one and possibly two additional destinations in 04/05 and the significant expected growth in passengers and flights, the airline requires a significant increase in direct cash investment in Advertising and Promotion. The budget for the airline for 04/05 does not reflect the required increase as it is agreed to be provided by the CIDOT.

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LESSOR'S ACCESS; SHOWING PREMISES; REPAIRS Lessor and Lessor's agents shall have the right to enter the Premises at any time, in the case of an emergency, and otherwise at reasonable times for the purpose of showing the same to prospective purchasers, lenders, or lessees, and making such alterations, repairs, improvements or additions to the Premises or to the Building, as Lessor may reasonably deem necessary. Lessor may at any time place on or about the Premises or Building any ordinary "For Sale" signs and Lessor may at any time during the last one hundred eighty (180) days of the term hereof place on or about the Premises any ordinary "For Lease" signs. All such activities of Lessor shall be without abatement of rent or liability to Lessee.
Property Management Fee For its services in managing the day-to-day operations of the Property in accordance with the terms of this Agreement, Company shall pay to Property Manager an annual property management fee (the “Property Management Fee”) equal to 4.0% of the Gross Revenue (as hereinafter defined). The Property Management Fee shall be prorated for any partial year and shall be payable in equal monthly installments, in advance. The Property Management Fee shall be payable on the first day of each month from the Operating Account or from other funds timely provided by the Company. Upon the expiration or earlier termination of this Agreement, the parties will prorate the Property Management Fee on a daily basis to the effective date of such expiration or termination. For purposes of this Agreement, the term “Gross Revenue” shall mean all gross collections from the operations of the Property, including, without limitation, rental receipts, late fees, application fees, pet fees, damages, lease buy-out payments, reimbursements by Tenants for common area expenses, operating expenses and taxes and similar pass-through obligations paid by Tenants, but shall expressly exclude (i) security deposits received from Tenants and interest accrued thereon for the benefit of the Tenants until such deposits or interest are included in the taxable income of the Company; (ii) advance rents (but not lease buy-out payments) until the month in which payments are to apply as rental income; (iii) reimbursements by Tenants for work done for a particular Tenant; (iv) proceeds from the sale or other disposition of all or any portion of the Property; (v) insurance proceeds received by the Company as a result of any insured loss (except proceeds from rent insurance or the excess of insurance proceeds for repairs over the actual costs of such repairs); (vi) condemnation proceeds not attributable to rent; (vii) capital contributions made by the Company; (viii) proceeds from capital, financing and any other transactions not in the ordinary course of the operation of the Property; (ix) income derived from interest on investments or otherwise; (x) abatement of taxes, awards arising out of takings by eminent domain and discounts and dividends on insurance policies; and (xi) rental concessions not paid by third parties.
Rental You may not rent, lease, or lend the SOFTWARE PRODUCT.
Operating Costs Tenant shall pay to Landlord the Tenant’s Percentage of Operating Costs (as hereinafter defined) incurred by Landlord in any calendar year. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Costs, such monthly amounts to be sufficient to provide Landlord, by the end of the calendar year, a sum equal to the Operating Costs, as reasonably estimated by Landlord from time to time. The initial monthly estimated payments shall be in an amount equal to 1/12th of the Initial Estimate of Tenant’s Percentage of Operating Costs for the Calendar Year. If, at the expiration of the year in respect of which monthly installments of Operating Costs shall have been made as aforesaid, the total of such monthly remittances is greater than the actual Operating Costs for such year, Landlord shall promptly pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.3, the difference; if the total of such remittances is less than the Operating Costs for such year, Tenant shall pay the difference to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement of the Operating Costs, prepared, allocated and computed in accordance with generally accepted accounting principles. Any reimbursement for Operating Costs due and payable by Tenant with respect to periods of less than twelve (12) months shall be equitably prorated.
Landlord’s Expenses In the event Tenant shall assign this Lease or sublet the Premises or request the consent of Landlord to any Transfer, then Tenant shall pay Landlord's reasonable costs and expenses incurred in connection therewith, including, but not limited to, attorneys', architects', accountants', engineers' or other consultants' fees.
Additional Rental Lessee shall pay and discharge, as additional rental (“Additional Rental”), all sums of money required to be paid by Lessee under this Lease which are not specifically referred to as Rental. Lessee shall pay and discharge any Additional Rental when the same shall become due, provided that amounts which are billed to Lessor or any third party, but not to Lessee, shall be paid within fifteen (15) days after Lessor’s demand for payment thereof or, if later, when the same are due. In no event shall Lessee be required to pay to Lessor any item of Additional Rental that Lessee is obligated to pay and has paid to any third party pursuant to any provision of this Lease.
Construction Management Fee The Construction Management Fee for the Project shall be either a ☒Lump Sum or ☐Not-To-Exceed Fee of Seven Thousand, Nine Hundred Ninety-Seven Dollars and Eighty Cents ($7,997.80). NOTE: Allowances will be on a Not-To-Exceed basis. All unused funds will be returned to the School District at the time of construction closeout. Fee will be paid only on cost of work for these items. Exhibit C- Project Assignment Page 2 of 4
Basic Rental Tenant agrees to pay to Landlord during the Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the monthly and annual sums as set forth in Article 1.C. of the Basic Lease Provisions, payable in advance on the first (1st) day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first (1st) day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding anything to the contrary contained herein and provided that Tenant faithfully performs all of the terms and conditions of this Lease, Landlord hereby agrees to xxxxx Tenant's obligation to pay monthly Basic Rental for the second (2nd) and third (3rd) full calendar months of the initial Lease Term. During such abatement periods, Tenant shall still be responsible for the payment of all of its other monetary obligations under this Lease. In the event of a default by Tenant under the terms of this Lease that results in early termination pursuant to the provisions of Section 20(a) of this Lease, then as a part of the recovery set forth in Article 20 of this Lease, Landlord shall be entitled to the recovery of the monthly Basic Rental that was abated under the provisions of this Section 3(a). The amount of Basic Rental to be abated pursuant to this Section 3(a) above may be referred herein as "Abated Rent Amount." Notwithstanding the foregoing or anything to contrary contained herein, upon written notice to Tenant, Landlord shall have the option to purchase all or any portion of Tenant's Abated Rent Amount by paying such amount to Tenant, in which case the amount so paid to Tenant shall nullify an equivalent amount of abatement of Tenant's Basic Rental as to the period so designated by Landlord in Landlord's written notice to Tenant. In addition, notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions and, if the Commencement Date is not the first day of a month, Basic Rental for the partial month commencing as of the Commencement Date shall be prorated based upon the actual number of days in such month and shall be due and payable upon the Commencement Date.
Base Rental (a) Lessee hereby agrees to pay to Lessor, without setoff or deduction whatsoever, a monthly installment of $3,284.00. Lessee shall also pay, as additional rent, all such other sums of money as shall become due from and payable by Lessee to Lessor under this Lease (Base Rental, any adjustment thereto pursuant to Section 4 hereof, and all such other sums of money due from and payable by Lessee pursuant to this Lease are sometimes hereinafter collectively called "rent"), for the nonpayment of which Lessor shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. The Base Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in advance in twelve (12) equal installments on the first (lst) day of each calendar month during the term of this Lease, and Lessee hereby agrees so to pay such Base Rental and any adjustment or increase thereto to Lessor at Lessor's address provided herein (or such other address as may be designated by Lessor in writing from time to time) monthly, in advance, and without demand. If the term of this Lease commences on a day other than the first (lst) day of a month or terminates on a day other than the last day of a month, then the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, and the installment or installments so prorated shall be paid in advance.
Fixed Rent Tenant agrees to pay to Landlord, on the Rent Commencement Date, and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Lease Term, a sum equal to one-twelfth (1/12th) of the Annual Fixed Rent specified in Section 1.1 hereof. Until notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Boston Properties Limited Partnership, as agent of Landlord. All remittances received by BOSTON PROPERTIES LIMITED PARTNERSHIP, as agent as aforesaid, or by any subsequently designated recipient, shall be treated as a payment to Landlord. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date shall be other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. Additional Rent payable by Tenant on a monthly basis, as elsewhere provided in this Lease, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion and shall commence on the Rent Commencement Date and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. The Annual Fixed Rent and all other charges for which provision is made in this Lease shall be paid by Tenant to Landlord without setoff, deduction or abatement.

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