CarreraHangars_LeaseAmendment_Bowers Field

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Schedule A LEASE ASSIGNMENT AND ASSUMPTION AGREEMENT THIS AGREEMENT made and entered into this 1" day of May, 2011 by and between CARRERA HANGARS LP, a limited partnership formed in the State of Washington, hereinafter referred to as the "Assignor", and CARRERA HANGARS BOWERS FIELD LP, a limited partnership formed in the State of Washington, hereinafter referred to as the Assignee WITNESSETH: Recitals: WHEREAS the Assignor has leased certain land (hereinafter referred to as the "Leased Land") located at Kittitas County Airport (Bowers Field), Kittitas County, Washington (hereinafter referred to as the "Airport") under a ground lease (hereinafter referred to as the "Lease") dated June 1, 2010 between Kittitas County (hereinafter referred to as the "County"), as Lessor, and the Assignor, as Lessee; AND WHEREAS the Assignor has constructed a hangar building on the Leased Land (hereinafter referred to as the "Building") and the Assignor has leased hangars in the Building to tenants pursuant to hangar leases (hereinafter referred to as the "Hangar Leases"); AND WHEREAS the Assignor desires to assign all its interest in the Lease, the Building and the Hangar Leases to the Assignee; AND WHEREAS although the Assignor and Assignee are under common ownership and control, the Assignor does not own or control the Assignee, and accordingly the Assignor has requested the prior written consent of the County to the assignment of the Lease pursuant to Paragraph 8 of the Lease. NOW THEREFORE for and in consideration of the mutual covenants and agreements contained herein, the parties agree as follows: Effective Date This Agreement will take effect on first day of the month following the receipt of written consent of the County to the assignment of the Lease (hereinafter referred to as the "Effective Date") pursuant to this Agreement. Assignment to Assignee 2. On the Effective Date of this Agreement, the Assignor hereby assigns, transfers and conveys to the Assignee all its right, title and interest in and to the Lease, the Building (including all fixtures and other components thereof) and the Hangar Leases (including all deposits and all amounts received as rent pertaining to the period following the Effective Date).