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l' I 10.4 REETI. Kititas County leservcs the right to impose the REET I tax on all sales of leasehold iurprovemeuts per RCW 82.46.010). Any city, town, or county may impose a 0.25% real estate excisc tax - known as REET I or the "first quarter percent". If a county inrposes this tax, it is applied within the unincorporatcd areas only. 10.3 Encumbrances. Lessee shall not encumber or pennit the enctrmbrance of any real prr.rperty at the Airport but not including the Premises. Lessee shall not encutnbcr or permit the encumbrance of any of Lessce 's rights under this Lease without Lessor's prior written consent, which consent shall not be unreasonably withheld or delayed. Any purporteil encumbrance of rights in violation of this Section l0 shall bc void. ln conncction with Lessor's consent to any encumbrance, at a minimum the following shall apply: (i) such encumbrancc shall only encumber Lessee's leasehold interest for thc purpose of sccuring financing fbr Lessee's authorized improvements and no other encumbrance shall be permitted; (ii) such encumbrance shall be subordinate to Lessor's interests; (iii) the lienhnlder must agree to maintain current contact infirrmation with Lcssor and providc Lessor with concurrent copies of any notices or conrntunications regarding a default; (iv) any default relating to such encumbrance shall be a default of this Leasc; (v) such encurnbrapce shall tenninate on or before the Expiration Date and thc lienholder must agree to prornptly 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. Il while such encumbrance is in cffect, Lcssec defaults under such encurnbrance or this Lease and, if such lienholder is in cornpliance with the provisions set forth in this Section l0 and cures Lessee's defaults of this Lease within thirty (30) days after the first such default, Lessor will permit such lienholder to provide a substitute Lessee, which substitute Lessee rnust be acceptable to Lessor in its sole discretion under the provisions of Section 10.1, so long as such lienholder fully perfonns this Lease. lf 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 tenninate this Lease and exercise any rights hereunder, inch-rding, but not limited to, those set forth at Sections l2 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. 10.4 Subleasing and Renting. Upon obtaining Lessor's prior written consent attd as otherwise provided in this Section, Lessec shall have the right to sublease or rent portions of the Preriises for the storage of Aircraft. Lessor reserves the tight to refuse to give such consent if, in Lessor's reasonable business judgment the proposed renter's or sub-tessee's use of the Premises would result in the Premises bcing used in contruvention of thc terms of this Lease. Lessee shall irnpose on all approved renters and sub-lessees the sanre terlrs set forth in this Lease to provide tbr the rights and protections afTorded to Lessor hereunder. All such rcntals and subleases shall be consistent with and subordinate to this Lease as it is amended from time to time. Such rentals and subleases shall include the requirement that the repters and sublessees will attorn to and pay rent to Lessor if Lessee ceases to be a party to this Lease or is in default. Lessee shall provide to Lessor a copy of every sublease or rental agreement executed by Lessee. No rental or subleasc shall relieve Lessee of any obligations under this Lease. 16o"6p R vt^l6 LESSOR