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Lease, Lessee shall be released from any further obligation under the Lease. Provided, in <br />the event of a partial assignment, the Lessee and the assignee shall remain and be jointly <br />and severally liable for all Lessee obligations under the Lease, and all references to Lessee <br />in the Lease shall then and thereafter be deemed to include any and all partial assignees. <br />10.2 Assignment by Lessor. Lessor shall have the right, in Lessor's sole discretion, to <br />assign any of its rights under this Lease (and in connection therewith, shall be deemed to <br />have delegated its duties), and upon any such assignment, Lessee agrees that Lessee shall <br />perform its obligations under this Lease in favor of such assignee. <br />10.3 Transfer Fee. Each time the right to occupy a hangar unit is transferred by an <br />assignment, sublease or sale, the Lessee shall pay the Lessor a sum of $525.00, as an <br />administration fee. <br />10.4 REETI. Kittitas County reserves the right to impose the REST 1 tax on all sales <br />of leasehold improvements per RCW 82.46.010). Any city, town, or county may impose a <br />0.25% real estate excise tax — known as REST I or the "first quarter percent". If a county <br />imposes this tax, it is applied within the unincorporated areas only. <br />10.3 F,neumbrances. Lessee shall not encumber or permit the encumbrance of any <br />real property at the Airport but not including the Premises. Lessee shall not encumber or <br />permit the encumbrance of any of Lessee's rights under this Lease without Lessor's prior <br />written consent, which consent shall not be unreasonably withheld or delayed. Any <br />purported encumbrance of rights in violation of this Section 10 shall be void. In connection <br />with Lessor's consent to any encumbrance, at a minimum the following shall apply: (i) <br />such encumbrance shall only encumber Lessee's leasehold interest for the purpose of <br />securing Financing for Lessee's authorized improvements and no other encumbrance shall <br />be permitted; (ii) such encumbrance shall be subordinate to Lessor's interests; (iii) the <br />lienholder must agree to maintain current contact information with Lessor and provide <br />Lessor with concurrent copies of any notices or communications regarding a default; (iv) <br />any default" relating to such encumbrance shall be a default of this Lease; (v) such <br />encumbrance shall terminate on or before the Expiration Date and the lienholder must agree <br />to promptly remove such encumbrance when the obligation that it secures has been <br />satisfied; and (vi) Lessor shall have no financial or other obligations to lienholder except <br />as provided in this Section 10.3. If, while such encumbrance is in effect, Lessee defaults <br />under such encumbrance or this Lease and. if such lienholder is in compliance with the <br />provisions set forth in this Section 10 and cures Lessee's defaults of this Lease within thirty <br />(30) days after the first such default, Lessor will permit such lienholder to provide a <br />substitute Lessee, which substitute Lessee must be acceptable to Lessor in its sole <br />discretion under the provisions of Section 10.1, so long as such lienholder fully performs <br />this Lease. If such lienholder fails to comply with any of the foregoing requirements, such <br />failure shall be a default of this Lease and Lessor may at any time and subject to the terms <br />of Section 12 terminate this Lease and exercise any rights hereunder, including, but not <br />limited to, those set forth at Sections 12 and 6.4. Lessor shall have no obligation to provide <br />any other notices to any lienholder, and Lessor shall have no liability of any kind to any <br />lienholder. <br />LESSEE� �'' _ 16 LESSOR-L_ <br />KAM <br />