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ADJUSTMENT OF RENTAL. After the fifth year, the Lessor shall have the right to increase the rent on or before July 31st of the fifth, tenth, fifteenth and twentieth year of this lease for each following five year period .. If the Lessee does not agree with the rental, the Lessee may request arbitration. If the Lessee elects to arbitrate, the Lessee shall select one arbitrator and the Lessor shall select one arbitrator and the two so chosen shall select a third arbitrator. The arbitrators shall have the authority to increase the rent or continue the previous rental and both parties shall be bound by the decision of the arbitrators. The cost of arbitration shall be borne by the Lessee. LEASEHOLD TAX. The Lessee shall pay to the Lessor, the leasehold tax as set forth by the State of Washington, in Chapter 61, Laws of 1976, Second Executive Session (RCW 82.29A) or as amended. The tax shall be due and payable at the same time the rental charged herein is due and payable. FIRE PROTECTION ASSESSMENT. In addition to any rental herein provided, the Lessee shall pay a fee which shall be in lieu of taxes for fire protection services, a sum equal to $1.00 (plus any special levies of the Fire District which has received voter approval) per $1,000.00 of appraised value of land and improvements of the leased premises. The value of the leased premises shall be determined by the Kittitas County Assessor. This fee shall be due annually each and every year during the term and shall be due and payable on the 1st day of March of each year. In the event the premises are leased for only a portion of a year, the amount shall be prorated. Any rental payment and any fees paid in lieu of fire protection services which are past due shall accrue a delinquency fee of eighteen percent (18%) per annum. UTILITIES. The Lessee shall pay for all utility services supplied to the premises. PURPOSE. The Lessee shall utilize the premises only for the purpose of an aircraft hanger for non-commercial aircraft maintenance. ASSIGNMENT. The Lessee shall not assign this lease nor sublet any portion thereof without first obtaining the written consent of the Lessor. RULES AND REGULATIONS: The Lessee agrees to comply with all pertinent rules and regulations of the federal, state and local governments, as well as the rules, regulations, ordinances, and minimum standards of the Kittitas County Airport LEASE PAGE2