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KITTITAS COUNTY AIRPORT C.January 1,202 h Effective this date,the monthly lease payment shall be increased by one and one-half percent (1.5%)as a set lease rate increase.The lease rate shall increase by L5%each year thereafter,i.e.January 1,2019/2020/2021/2022. 3)ADJUSTMENT OF RENTAL:Effective January 1,2024,the United States Bureau of Labor Statistics Consumer Price Index (CPI),Seattle-Everett Metropolitan Area,All Urban Consumers -Base Year 1984 average shall be computed for the years 2019 through 2023.If the CPI average is higher for the previous five (5)years than the 1.5%per year used the previous five (5)years,the rate increase applicable January 1,2024,shall be this average CPI increase.This new average rate increase shall be used for the next five (5)calendar years,i.e.January 1,2024 through 2028. Effective January l,2024,the adjustment of the lease rate shall be accomplished in a similar manner.The previous five (5)years US Bureau of Labor Statistics CPI average will be computed (2019 through 2023)and compared to the increase made over the preceding five (S)years.The higher rate shall apply for the next five (5)years.This methodology shall be used throughout the remaining years of the agreement The rent shall not decrease in the event of a decrease in the Consumer Price Index over anyfive(5)year period.If the average CPI for any five-year period is less than the rate used the previous five (5)years,the higher rate shall continue to apply. Modifications to the rental rate per square foot of airport property shall be based on the then current "aviation"(direct aeronautical)or "commercial"(non-aeronautical)standard rate as set by LESSOR and the specific property areas being leased. 4.LEASEHOLD TAX:In addition to any rental herein provided,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 (R.C.W.82.29A)or as amended.The tax shall be due and payable at the same time the rental charged herein is due and payable. 5.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.The annual rate shall be based upon the annual fire assessment determined by the Kittitas County Assessor and Kittitas Valley Fire &Rescue to be calculated on January 1"of the current year.The assessment shall be pro-rated monthly,due and payable concurrently with the monthly lease payment. 6.UTILITIES:The Lessee shall pay for extension of and all utility services supplied to the premises.Any such extensions shall be subject to the advancereview of the Lessor. 7.PURPOSE:It is understoodby Lessee that only construction and repair of wooden,plastic,or metal commercial pallets may be conducted on the premises.In the event that the Lessee conducts any other business or operations other than pallet construction and pallet repair,the Lessor may terminate this lease by giving ninety (90)days written notice to Lessee, notwithstanding the notice provisions of Section 22 herein.In the event of termination by Lessor PAGE 3