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KITTITAS COUNTY AIRPORT KITTITAS COUNTY AIRPORT DEPARTMENT OF PUBLIC WORKS LEASE THIS LEASE made and dated this 1st day of October, 2008, is by and between the COUNTY OrKITTITAS, Washington, the Lessor hereinafter referred to as the "County", and LEROY MILLER D/B /A MILLER REFRIGERATION the Lessee, hereinafter referred to as the "Lessee". The County herewith agrees to let unto Lessee and Lessee herewith agrees to lease from the County the following described real property, situated in Kittitas County, Washington, to -wit: Lot C-24 of the Kittitas County Airport Binding Site Plan Total Acres - .27 / Approximately 11,900 Sq. Ft. This lease is made in accordance with the provisions of Chapter 36.34RCW. This lease is subject to the provisions of Chapter 59.12 RCW as currently existing or hereafter amended. 1) TERM -The term of this lease shall be for ten (10) years and will commence on the 1 st day of October, 2008, and shall terminate on the last day of September, 2018. 2) RENT- Rent shall be paid in advance for each year at a rate determined by the Lessor, plus leasehold tax, and fire protection and shall be as follows: Term x*Renegotiate ar10/01/08 — 9/30109 10/01/09 — 9/30/10 tRte.fflRenegotiate 10/01/10 — 9/30/11 10/01/11 — 9/30/12 10/01/12 — 9/30/13 . 9/30/13 Renegotiate 3) RENTAL RATE ADJUSTMENT: Pursuant to RCW 36.34.180 the rental for every five year period thereafter, or part thereof, at the commencement of such period, shall be readjusted and fixed by the Board of County Commissioners; (a) After the fifth year, the Lessor shall have the right to readjust the rent on or before October 1' of the fifth year of this lease for each following five year period; and the increase shall BE THE CUMULATIVE EFFECT OF THE CPI INDEX OVER THE PREVIOUS FIVE YEARS. It is agreed between LESSOR LAND LEASE - INDUSTRIAL AREA PAGE 1