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FLIGHT TRAINING AGREEMENT AMENDMENT NO. 1- A VIA TION MAINTENANCE FACILITY LEASE This Amendment No.1-Aviation Maintenance Facility Lease ("Amendment" or "Lease") is made this _ day of 2017 to that Flight Training Agreement ("Agreement") first entered into between Central Washington University ("CWU") and IASCO Flight Training, Inc. ("1FT") on December 4, 2014. The purpose of this Amendment is to provide for 1FT's use of the CWU Vern Mitchell aviation maintenance facility in support of the CWU Flight Training Program. In consideration of the mutual terms and conditions contained in this Amendment No.1 and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto do hereby agree as follows: 1. Leased Premises. CWU as Lessor hereby leases to 1FT as Lessee, and 1FT hereby leases from CWU, the aviation maintenance facility known as the Vern Mitchell Building, a 3,600 square foot leasehold improvement owned by CWU, identified as Tax Parcel 951461, and located at the Kittitas County Airport in Ellensburg, Washington (hereafter, "the Premises"). 2. Use of Premises. 1FT shall use the leased Premises solely for the purposes of hangaring and maintaining aircraft used by 1FT in providing flight training to CWU aviation students through the CWU Flight Training Program established and operated by 1FT and CWU pursuant to the underlying Agreement. 1FT shall maintain the Premises in clean and safe condition, shall not use the Premises for any unlawful purpose, shall comply with all applicable laws pertaining to the permitted uses of the Premises (including but not limited to environmental protection laws), and shall make no alterations or improvements to the Premises without CWU's written consent, which consent shall not be unreasonably withheld. 3. Acceptance of Premises. 1FT agrees that it has inspected the Premises and accepts the same in their present "AS-IS" condition. CWU makes no warranty of any kind, express or implied, with respect to the physical condition of the Premises or its fitness for any particular purpose. 4. Lease Term. This Lease shall be for an initial term of one year, from March I, 2017, through February 28,2018. The Lease may be renewed for additional one-year terms as mutually agreed by CWU and 1FT. Either party may terminate this Lease by providing 60 days' written notice to the other party. 5. Rent; Leasehold ExciseTaxes. 1FT agrees to pay to CWU rent of$I,800.00 a month (or proportional fraction thereot), inclusive of utilities, during the initial term of this Lease. In addition to rent, and pursuant to RCW 82.29A, 1FT shall pay leasehold excise tax at the rate of 12.84 percent of the monthly rental rate ($231.12). Rent and excise tax payments shall be due the first of each month. Interest at the rate of one percent per month (or fraction thereot) shall accrue on payments made after the date the payments become past due. FLIGHT TRAINING AGREEMENT AMENDMENT NO. 1- AVIATION MAINTENANCE FACILITY LEASE