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KITTITAS~ _JNTY AIRPORT <br />1 DEPARTMENT OF PUBLIC WORKS <br />~=~ ADDENDUM TO LEASE <br />THIS ADDENDUM TO LEASE is made and dated this 2-JsJday of .)id.J~ , <br />2016, by and between KITTITAS COUNTY, a municipal corporation in the State of Washington, <br />hereinafter referred to as the LESSOR, and TERESA ANN SLOAN AND JAMES M. FOODE, <br />and hereinafter referred to as the LESSEE. <br />WI T N E S S ETH: <br />WHEREAS, LESSOR and LESSEE entered into a Assignment of Lease (prior lessee- <br />Jack Dugan) on January 5, 2010 a copy of which is attached hereto and by this reference <br />incorporated herein; and <br />WHEREAS, according to Paragraph 3 "Adjustment of Rental", it states "After the fifth year, <br />the Lessor shall have the right to increase rental rates as outlined above . After the tenth year, the <br />Lessor shall have the right to increase rental rates, provided that the annual rate shall not increase <br />to more than 5% of the previous year's annual rental rate, effective at the beginning of the tenth, <br />fifteenth and twentieth years of this lease. <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 #2 -Rent" -Rental Rates for 6/01/2016 thru 5/31/2021 Term. <br />6/01/16 -5/31/21 Previous Rental Rate Rental Rate <br />Term {i.066 eer Sg. Ft} fl .069 eer Sg . Ft.) <br />Not Including <br />Leasehold Tax• <br />$453 .32 <br />6/01/16-5/31/17 $475.99 <br />6/01/17 -5/31/18 $475.99 <br />6/01/18 -5/31/19 $475.99 <br />6/01/19 -5/31/20 $475.99 <br />6/01/20 -5/31/21 $475.99 <br />6/01/21 Reneaotiate Reneaotiate <br />All other terms and conditions of the aforementioned lease shall remain the same. <br />FOODE-SLOAN LEASE PAGE 1