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"Existing Lease") and provides in part that that (1) the term of the Existing Lease is extended for a period of Five years commencing July 1, 2024 (07 01 24 to 06 30 29, the "Sixth Extended Term"); (2) the Port is granted the option to occupy the second floor ("Second Floor") of the building and surrounding area of the Leased Premises; (3) No base rent shall be due and payable by Lessor to Lessee for Lessor's occupancy of the Second Floor; provided, however that all terms and conditions of the Second Floor lease are subject to mutual agreement in all respects between the Parties in a separate agreement between the Parties, and the failure to come to terms on that Second Floor lease shall not be deemed to be a breach of this Second Amendment; (4) In the event that the Port exercises its option to occupy the Second Floor, Tenant will be granted Three consecutive Five year options to extend the term of the Existing Lease (the "Seventh Extended Term," the "Eighth Extended Term," and the "Ninth Extended Term"); (5) the Base Rent during the Sixth Extended Term shall be $70,396 per month with 3% increase on a yearly basis; (6) the Base Rent for the Seventh Extended Term, the Eighth Extended term and the Ninth Extended Term, respectively, shall be determined by the parties or by Arbitration if the parties do not come to an agreement; (7) the Base Rent shall increase by 3% each lease year during each extended term; (8)Tenant's payment of Base Rent in the sum of Nine Hundred Eight Thousand Six Hundred Twenty Eight and 56/100 Dollars ($980,628.56), which accrued from July 1, 2024, and which includes Base Rent payments through December 31, 2025, shall be paid by Tenant to the Port upon execution of this Second Amendment by the Port; (9) In lieu of additional Port 2 Univar - Second Amendment Ord. P-301 Introduced: 11.12.25JAmended: 11.20.25JAdopted: 12.10 25