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5. Upon execution of this First Amendment, Tenant shall pay Landlord the sum <br />of Two Thousand Five Hundred and No/100 Dollars ($2,500) as a Recovery Fee, <br />which amount represents a reasonable amount for services rendered and expenses <br />incurred by Landlord in connection with initiating, negotiating and preparing this First <br />Amendment. <br />6. Landlord shall be responsible for causing the work in the attached Exhibit `B" <br />(the "Rail Upgrades") to be completed within 210 days after the execution of this First <br />Amendment by Landlord and Tenant. <br />Tenant shall, upon completion of the Engineered Drawings and Port Board <br />approval of this First Amendment, make a one-time payment of TWO HUNDRED <br />THOUSAND DOLLARS and NO CENTS ($200,000.00) to Landlord to cover the <br />cost of the Rail Upgrades. Payment shall be received no later than five (5) calendar <br />days after the date of Board approval of this First Amendment. Any costs associated <br />with the Rail Upgrades above and beyond the sum of $200,000.00 shall be borne by <br />the Landlord at its sole cost and expense. Thereafter, in the event the rail requires any <br />future repairs ("Future Repairs"), either during the Term or any extensions thereof, <br />Landlord and Tenant shall split the cost of the repairs evenly. However, Tenant's total <br />cumulative contribution for any Future Repairs shall be capped at FIFTY <br />THOUSAND DOLLARS AND NO CENTS ($50,000.00), and any additional costs <br />associated with any Future Repairs shall be borne by the Landlord at its sole cost and <br />expense, except to the extent that the Future Repairs are necessitated, in whole or in <br />part, by the acts or omissions of Tenant. <br />Tenant acknowledges that Landlord is in no way liable for any business <br />interruption or delay in the delivery of products to and from Tenant's Leased Premises <br />as a result of, in whole or in parts, the condition of the railroad tracks and the work <br />involved in performing the Rail Upgrades. <br />7. Upon sixty (60) days prior written notice, Tenant may, at its option and at any <br />time during the Term, including the above Extended Period, extend the Term for five <br />(5) additional years (the "Second Extended Period") upon the same terms and <br />conditions stated in the Lease, as amended herein, except that Rent for the Second <br />Extended Period shall continue to increase annually by 4% on each yearly anniversary <br />date. During the Second Extended Period, the Minimum Guarantee is subject to <br />annual increase(s) as determined in good faith by Landlord's Board or Landlord's <br />Executive Director. In no event shall the annual increase(s), as to each Lease Year, be <br />greater than 5% over the preceding Lease Year Minimum Guarantee and the Security <br />Fee is subject to annual increase(s) as determined in good faith by Landlord's Board <br />or Landlord's Executive Director. <br />8. Payment of Rent, Minimum Guarantee and Security Fee due between April 1, <br />2021, and January 31, 2022, pursuant to this First Amendment (after credit of <br />amounts paid by Tenant to Landlord pursuant to the terms of the Lease) shall be <br />payable by Tenant to Landlord within five (5) calendar days from the date of Board <br />approval of this First Amendment. <br />Port <br />Lease — Clean Harbors <br />Form dated 01 06 22 FXS Rev <br />01 12 22 Agenda Page 2 of 3 <br />