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EXHIBIT 2 <br />(Lease Addendum) <br />KITTITASC,,.MTYAIRPORT <br />DEPARTMENT OF PUBLIC WORKS <br />- . --- ADDENDUM TO LEASE <br />X arc <br />THIS ADDENDUM TO LEASE is made and dated this ! day of MaraH, 2014, by and <br />between Klttitas County, a municipal corporation in the State of Washington, hereinafter referred <br />to as the LESSOR, and MIDSTATE AVIATION INC., and hereinafter referred to as the LESSEE. <br />u1\i7��Y�i.F <br />WHEREAS, LESSOR and LESSEE entered into a Lease on October 27, 1998, a copy of <br />which is attached handle and by this reference incorporated herein; and <br />WHEREAS, according to Paragraph 3'Adjustment of Rental", it states "After the fifth <br />year, the Lessor shall have the right to re adjust the rent on or before November 1"of the fifth, <br />tenth, fifteenth and twentieth year of this lease'; <br />WHEREAS, d has been agreed between LESSOR and LESSEE that the following CPI <br />Index will be used for future rental increases. <br />"CPI -AII Cities -All Items Size Class D Under 50,000" <br />NOW, THEREFORE, IT IS HEREBY AGREED by and between the parties to a change in <br />rental rates and contract terms as follows: <br />1) "Paragraph k2 - Rent" - Rental Rates for 11/0113 thru 10131/18 Term, <br />Land lease rate - 95,396 sq feet <br />111011113110131118 <br />Previous Rate <br />Rental Rate i <br />Term <br />Per Year <br />(5.067 per Sq Ft) <br />Not Including Leasehold <br />Tax' <br />5s,zao.74 <br />11/0?l13-10!31/14 <br />- — <br />-- <br />$6,347.08 <br />11/0'/14-10!31/15 <br />5 6 347 08 <br />11/01/151013116 <br />— -.... <br />5634708 <br />11l01/1fi-10131!17 <br />_ <br />5634 1,00 - <br />1110117 7-7 0/31/1 8 <br />: 56.34708 <br />1— 11/01/18 I _ ! Renego0ale <br />The current Leasehoht Excise Tax Rate is 12.34%, as determined by Ina State or I'vashington anda subject to change. <br />M!h::alF Av: v(ion .....,..c AJnendun. <br />Page 28 of 33 <br />"G., , <br />