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ilicisiao AGREEMENT FOR LEASE EXTENSION S• a`• an ��f -- l 8 et This Agreement for Lease Extension ("Amendment") entered into on the 18 day of November , 2014, by Indian River County Solid Waste Disposal District, a dependant special district of Indian River County, whose address is 1801 27th Street, Vero Beach, FL 32960 ("Landlord"), and MWI Corporation, a Florida Corporation, ("Tenant") whose address is 201 North Federal Highway, 2nd Floor, Deerfield Beach, FL 33441. WITNESSETH: WHEREAS, in 2001, the Landlord purchased from Tenant a 19 88 acre parcel of property located at 7775 9th Street SW, Vero Beach, Florida). Purchase of the property was made under the threat of eminent domain, as the Landlord was planning to expand its landfill and solid waste disposal activities on or near Tenant's former property; and WHEREAS, following the purchase of the property, (the Premises), the Landlord agreed to lease -back the property to Tenant until December 31, 2006. The lease was renewed for an additional five years until December 31, 2011; and WHEREAS, before the sale and to this day, Tenant continues to use the property for the manufacture and repair of pumps; and WHEREAS, the Tenant continued to reside on the property under the existing lease terms; and WHEREAS, Tenant has requested a ten year extension to the lease and the County is not planning to begin any type of landfill expansion within that time; and WHEREAS, the County has no objection to extending its lease with Tenant for an additional ten years. NOW, THEREFORE, in consideration of the mutual terms and promises stated herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Landlord and Tenant agree as follows: 1. The foregoing recitals are incorporated as if fully restated herein. 2. The term of that certain Lease and the Amendments there to is hereby extended and amended to terminate on December 31, 2024. 3. The annual lease payment shall be $75,500.00 payable in monthly installments of $6,291.67 due on the first workday of the month. The rent shall increase by two (2) percent each year effective with the January 1, 2015 lease payment. 4. Except as amended herein, the terms and conditions of the Lease shall remain in full force and effect. To the extent of any conflict between the terms of this Amendment and the terms of the Lease, the terms of this Amendment shall control.