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KITTITAS COUNTY AIRPORT <br />DEPARTMENT OF PUBLIC WORKS <br />THIS LEASE made and entered into this 2018, by and <br />Washington, hereinafter <br />hereinafter referred to as <br />LEASE <br />tffi,,ay <br />between Kittitas Gounty, a municipal corporation in the state <br />referred to as the LESSOR, and Blue Yonder Aviation, LLG, <br />the LESSEE. <br />WITNESSETH: <br />The Lessor hereby agrees to lease to the Lessee, and the Lessee hereby agrees to <br />lease from the Lessor, the following described real property (hereinafter the "Property"): <br />See Exhibit "A" attached hereto, also described as: <br />Lot H40 of the Kittitas County Amended Binding Site Plan BS-10-00001, as <br />recorded June 28, 2010, in Book 11, pages 249-255, County of Kittitas, State of <br />Washington. <br />Containing 6,868.55 sq.ft.or.16 acres more or less' <br />This lease is made in accordance with Chapter 2.81 KCC. This lease is subject to the <br />provisions of Chapter 59.12 RCW as currently existing of hereafter amended' <br />1. TERM: The term of this lease shall be 25 years and will commence on the 1't day <br />of October,2018. <br />2. RENT: Rent shall be paid in advance on an annual basis, with the first payment <br />due on or before the 1st day of October each year and continuing thereafter until <br />termination of this lease. The rentalfor each year shall be as follows: <br />10t01t18 - 09130123 <br />Term <br />Rental Rate <br />($.12 per Sq. Ft.) <br />Not lncludinq <br />Leasehold Tax* <br />10101t18 - 09130119 $824.23 <br />10101119 - 09130120 $8:24.23 <br />10t01t20 - 09130121 $824.23 <br />10t01t21 - 09130122 $824.23 <br />10t01t22 - 09130123 $824.23 <br />10101123 Reneqotiate <br />*The cunent Leasehold Excise Tax Rafe ls 12.a4%, as determined by the State of Washington and is subject to change <br />1a.4,,{::il 1