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KITTITAS COUNTY AIRPORT <br />2.RENT:Rent shall be paid in advance on an annual basis,with the first payment due on orbeforethe1stdayofJanuaryofeachyearandcontinuingthereafteruntilterminationofthis <br />lease.The rental for each year shall be as follows: <br />Rental Rate (Ground Lease) <br />Term ($.14 per Sq.Ft) <br />1 :5 »U )× Not Including Leasehold Tax* <br />0 i /0 1/20 -I 2/3 i /20 $l 3,948.20 <br />0 I/O1/21 -12/31/21 $13,948.20 <br />01/01/22 -12/31/22 $13,948.20 <br />01/01/23 -12/31/23 $13,948.20 <br />01/01/24 -12/31/24 $13,948.20 <br />01/01/25 Renegotiate <br />*The current Leasehold Excise Tax Rate is 12.84%as detennined by the State of Washington and is subject to change. <br />Rental Rate for Building(s) <br />($.1225 per Sq.Ft)Term Not Taciuding Leasehold <br />12 •8 4%01/01/20 --_I.2/31_/20 $3,127.96 <br />4 )1 -6 a 01/01/21 -12/31/21,$3,127.96 <br />0 1/01/22 -12/3,1/22 $3,127.96 <br />01/01/23 -12/31/23 $3,127.96 <br />01/0I/24-12/3I/24 $3,127.96 <br />0 1/01/25 Renegotiate <br />*The current Leasehold Excise Tar Rate is 12.84%as detennined by the State of Washington and is subject to change. <br />A.January 1,2020 through December 31,2024. <br />LESSEE promises and agrees to pay rent to LESSOR at the rate of ($0.14 per square <br />foot)per year for the leased premises,made on or before the 10th day of each month <br />in which such payment is due.This is the "then current rate"per square foot of leased <br />property used for "aeronautical purposes"as set by Bowers Field.Payments shall be <br />made to Kittitas County Department of Public Works.Any rental payment past due <br />shall accrue a delinquency charge of eighteen percent (18%)per annum,levied <br />monthly, <br />B.For that area only used for storage,manufacturing,warehousing and/or other business <br />uses associated with pallet construction,reconstruction and distribution,LESSEE <br />promises and agrees to pay rent to LESSOR at the rate of ($0.14 per square foot)peryearfortheleasedpremises,made on or before the 10*day of each month in which <br />such payment is due.The rate for this square footage shall be in lieu of the rate <br />established in Paragraph A above and is not additive for that square footage that is <br />used. <br />PAGE 2