ITEM NO:      6x _attach 2 
MEETING DATE:  January 12, 2016 


FIRST AMENDMENT TO CONCESSION AGREEMENT 
BETWEEN 
PORT OF SEATTLE AND 
PUGET SOUND DISPATCH, LLC 


THIS FIRST AMENDMENT TO CONCESSION AGREEMENT (hereinafter
the "FirstAmendment") is made as of this ____ day of January 2016 , by and between
the PORT OF SEATTLE, a Washington municipal corporation (hereinafter the
"Port"), and PUGET SOUND DISPATCH, LLC, a Washington limited liability
company dba Yellow Taxi Association (hereinafter the "Concessionaire"). 
WHEREAS, the Port and Concessionaire entered into that certain Concession
Agreement dated August 6, 2010 (the "Agreement") for the provision of on-demand taxi
service at Seattle-Tacoma International Airport (the "Airport"); and 
WHEREAS, the Port's Internal Audit department conducted an audit of
Concessionaire's operations for the period November 1, 2011 through August 31, 2015
and identified certain findings related to the Port's management and controls over the
Agreement as well as Concessionaire's revenue reporting under the Agreement; and 
WHEREAS, the Port and Concessionaire wish to extend the term of the
Agreement through June 30, 2015 in order to permit the Port to conduct a competitive
process for a new on-demand outbound concession agreement and permit an orderly
transition to any new operator; and 
WHEREAS, the Port and Concessionaire otherwise wish to amend the manner
in which Concessionaire pays for the Concession rights and privileges granted under the
Agreement; 
NOW, THEREFORE, in consideration of their mutual promises, the parties
hereto do hereby mutually agree as follows: 
1.     Term. Notwithstanding the expiration of the Agreement on October 31,
2015 and the month-to-month holdover extension of the Agreement thereafter, the term
of the Agreement is hereby extended until June 30, 2016. 

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ITEM NO:      6x _attach 2 
MEETING DATE:  January 12, 2016 
2.    Revisions to Revenue to the Port. The amounts that Concessionaire shall
pay to the Port for the Concession rights and privileges under the Agreement are revised
as follows: 
a.     Minimum  Annual  Guaranty.   Concessionaire  shall   not  be
responsible for the payment of the Minimum Annual Guarantee after October 31, 2015.
Any payments of the Minimum Annual Guarantee made through the date of this First
Amendment for the period on and after November 1, 2015 shall be credited, as provided
below, against the Per-Trip Fee, as defined below. 
b.     Percentage Fees. Concessionaire shall not be responsible for the
payment of the Percentage Fees after October 31, 2015. 
c.     Per Trip Fee. For the period November 1, 2015 through the end of
the term, Concessionaire shall pay the Port a per-trip fee (the "Per-Trip Fee") equal to
Five Dollars and One Cent ($5.01) per outbound revenue trip. Concessionaire shall, not
later than February 28, 2016, submit to the Port a statement detailing the number of
outbound revenue trips provided under the Concession during the period November 1,
2015 through January 31, 2016 and simultaneously pay to the Port the Per Trip Fee due
for that period less the Minimum Annual Guaranty amounts already paid by
Concessionaire for that period. Thereafter, Concessionaire shall, not later than thirty
(30) days following the end of each calendar month, submit to the Port a statement
detailing the number of outbound revenue trips provided under the Concession during
the preceding month and simultaneously pay to the Port the Per Trip Fee due for the
preceding calendar month. 
d.     Outbound Revenue Trips. Notwithstanding anything to the contrary
in the above paragraphs, for purposes of paying the Per-Trip Fee, the number of
outbound revenue trips shall specifically be based on Automated Vehicle Identification
(AVI) data provided by the Port and Concessionaire's documented, auditable records
related to non-revenue trips. In the event that Concessionaire cannot reasonably
document the number of non-revenue trips such that the number is subject to audit,
Concessionaire shall pay based on the total number of trips as measured by the Port's
AVI system. That number shall, however, specifically be subject to reasonable increase
by the Port in the event that it is determined that any of Concessionaire's permitted
vehicles did not possess an AVI tag for any relevant period.  In order to assist
Concessionaire with the preparation of the initial quarterly statement and monthly
statements thereafter, as required Paragraph 2.c, the Port will provide Concessionaire
with the gross number of outbound, on-demand trips measured by the Port's Automated
Vehicle Identification (AVI) system for each of Concessionaire's permitted vehicles for
the quarter/month not later than ten (10) days following the end of the initial quarter
and each month thereafter during the term. 

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ITEM NO:      6x _attach 2 
MEETING DATE:  January 12, 2016 
3.    Other Terms Unaffected. Except as expressly set forth in this  First 
Amendment, all other provisions of the Agreement shall remain in full force and effect. 
IN WITNESS WHEREOF, the parties hereto have signed this Amendment as of the day
and year first above written. 
PUGET SOUND DISPATCH, LLC    PORT OF SEATTLE 

By:                             By: 
Its:                                   Its: 














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