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Lease, Lessee shall be released from any further obligation under the Lease. Provided, in the event of a partial assignment, the Lessee and the assignee shall rernain and be jointly and severally liable for all Lessee obligations under the Lease, and all references to Lessee in the Lease shall then and thereafter be deemed to include any and all partial assignees. 10.2 Assignment by Lessor. Lessor shall have the right, in Lessor's sole discretion, to assign any of its rights under this Lease (and in connection therewith, shall be deemed to have delegated its duties), and upon any such assignment, Lessee agrees that Lessee shall perform its obligations under this Lease in favor of such assignee. 10.3 Transfer Fee. Each time the right to occupy a hangar unit is transfened by an assignment, sublease or sale, the Lessee shall pay the Lessor a sum of $525.00, as an administration fee. 10.4 REET1. Kittitas County reserves the right to impose the REET I tax on all sales of leasehold improvements per RCW 82.46.010). Any city, town, or county may impose a 0.25yo real estate excise tax - known as REET I or the "first quarter percent". If a county imposes this tax, it is applied within the unincorporated areas only. 10.3 Encumbrances. Lessee shall not encumber or permit the encumbrance of any real property at the Airport but not including the Premises. Lessee shall not encumber or permit the encumbrance of any of Lessee's rights under this Lease without Lessor's prior written consent, which consent shall not be unreasonably withheld or delayed. Any purporled encumbrance of rights in violation ofthis Section 10 shall be void. In connection with Lessor's consent to any encumbrance, ata minimum the following shall apply: (i) such encumbrance shall only encumber Lessee's leasehold interest for the purpose of securing financing for Lessee's authorized improvements and no other encumbrance shall be permitted; (ii) such encumbrance shall be subordinate to Lessor's interests; (iii) the lienholder must agree to maintain current contact information with Lessor and provide Lessor with concurrent copies of any notices or communications regarding a default; (iv) any default relating to such encumbrance shall be a default of this Lease; (v) such encumbrance shall terminate on or before the Expiration Date and the lienholder must agree to promptly remove such encumbrance when the obligation that it secures has been satisfied; and (vi) Lessor shall have no financial or other obligations to lienholder except as provided in this Section 10.3. If, while such encumbrance is in effbct, Lessee defaults under such encumbrance or this Lease and, if such lienholder is in compliance with the provisions set forth in this Section l0 and cures Lessee's defaults ofthis Lease within thirty (30) days after the first such default, Lessor will permit such lienholder to provide a substitute Lessee, which substitute Lessee must be acceptable to Lessor in its sole discretionundertheprovisionsofSection l0.l,solongassuchlienholderfullyperforms this Lease. [f such lienholder fails to comply with any of the foregoing requirements, such failure shall be a default of this Lease and Lessor may at any time and subject to the terms of Section l2 terminate this Lease and exercise any rights hereunder, including, but not limited to, those set forth at Sections 12 and 6.4. Lessor shall have no obligation to provide any other notices to any lienholder, and Lessor shall have no liability of any kind to any lienholder. MIA t6 LESSOR