Item No.        4d Attach 1

Date of Meeting       July 22, 2014


ATTACHMENTA
First Amendment
Basic Lease                               Effective Upon Execution
__
Term             Initial ve years, and three months (5 yrs. &  Initial term twelve years, three
3 mos.) Expiring May 31, 2015               months, Expiring May 31, 2022

Use              Lessee shall use the premises for general     Same.
ofce related storage and equipment repair
for a water dependent user.
Square Feet          Approximately 9,430 rentable square feet of  Same.
ofce, 10,230 rentable square feet of
storage/warehouse space.
Renewal Options     One ve (5) year renewal option.            Same
Termination         None                                     Lessee has the right to terminate at
any time during year eleven and up
to six months prior to lease term
expiration date.
Termination Fee     None                                      Should Lessee exercise their right to
terminate, Lessee will pay the Port
three (3) months of the then rent.
Rental Rates         Expiring Rates:                              First Option Period
9,430 RSF @ $21.00 per RSF               9,430 RSF @ $21.50 per RSF
10,230 RSF @ $6.42 per RSF               10,230 RSF @ $6.81 per RSF
Annual $.50 increases for Ofce
Annual 3% increases for Storage
Rental               Market Rate adjustment for First Option      Same
Renegotiation        Period at 100% of fair market rate.
Improvement       Port Funded $228,000 for design and        $114,000 design, consultant fees
Allowance          construction to build-out space. Work        and construction costs to refurbish
completed.                                 Premises.
Maintenance by the   Lessee is responsible for all                  Same.
Lessee              repairs/maintenance within their Premises
including their Premises share of the
common area maintenance.
Maintenance by the   Foundation, shell and roof of building.        Same
Port
Utilities                Responsibility of Lessee.                        Same.
Security              $ 1 25 ,25 8                                     $75,003.76
Insurance            $2,000,000 General Liability.                Same
$1 ,000,000.Automoble
Assignment or       Upon prior written consent of Port.           Same.
Sublease
Continuing Lease     Guarantor gives the Port unconditional       Same
Guaranty           guarantee of complete lease performance.