AND MODIFICATION OF LEASE RATES
This agreement modifies the lease originally dated May 3, 1989 and subsequent modifications dated August 30,
1990, November 4, 1994 and May 19, 1995, and May 10, 2000 between Mikron Industries, Inc. (Mikron)
Lessee, and The W. R. Sandwith and Michael G. Ritter Partnership. (Partnership) Lessor for the premises located
at 1034 6 th Avenue North in Kent, Washington.
It is now mutually understood and agreed between the parties, Mikron and Partnership, that said lease shall be
modified as follows:
The lease shall be extended for a period of Five (5) years beginning on March 1, 2005.
For the leased area known by the Partnership as Division 1, And consisting of 33,752 square feet of Shop Area
and 1,248 square feet of Office Area, the following monthly lease rates will apply:
For the Warehouse/Shop Area for the five-year extension period:
For the Office Area for the entire five-year extension period:
$.600 per square foot ($748.80) Per Month
Except as herein above provided, all of the terms, covenants, modifications, and conditions of said lease shall
remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this agreement on June 9, 2004.
$.325 per square foot ($10,969.40) Per Month
$.330 per square foot ($11,138.16) Per Month
$.335 per square foot ($11,306.92) Per Month
$.340 per square foot ($11,475.68) Per Month
$.345 per square foot ($11,644.44) Per Month
The W. R. Sandwith &
Mikron Industries, Inc.
Michael G. Ritter Partnership
By: /s/ Jeff Sandwith
By: /s/ Paul Warner
It’s: Managing Partner
L E A S E
THIS AGREEMENT OF LEASE, made and entered into this 3rd day of May, 1989, between 1034 Joint
Venture, Lessor, and Mikron Industries, Inc., Lessee.
W I T N E S S E T