FIRST AMENDMENT TO LEASE
BETWEEN

PORT OF SEATTLE
AND

OPUS SOLUTIONS LLC
AT
WORLD TRADE CENTER WEST BUILDING
THIS FIRST AMENDMENT TO LEASE is made as of May 7, 2019, by and between the PORT
OF SEATTLE, a Washington municipal corporation, hereinafter called "the Port," and OPUS
SOLUTIONS, LLC, an Oregon limited liability company doing business as Opus Agency,
hereinafter called "Tenant,"

WITNESSETH:
WHEREAS, the parties entered into a Lease Agreement dated May 11, 2018, hereinafter called
the "Basic Lease," of approximately 11,927 square feet of office within Suite 300 of The World
Trade Center West Building at 2200 Alaskan Way, Seattle, Washington; and
WHEREAS, the parties now wish to amend the Basic Lease to increase the Premises by 6,641
square feet, effective September 1, 2019, with a corresponding increase in Base Rent, and extend
the term.
NOW THEREFORE, in consideration of their mutual promises, the parties hereby agree that the
Basic Lease shall be amended as follows:
1.
The Premises in Section 1.1.2. is increased from 11,927 square feet to 18,568 square feet,
effective September 1, 2019.
2. The Security required by Tenant in Section 1.2.2. is increased by $87,619.00, from
$60,710.00 to a total of ONE HUNDRED FORTY-EIGHT THOUSDAND THREE HUNDRED
TWENTY-NINE AND NO/100 ($148,329.00), which $87,619.00 shall be due no later than ten
(10) days prior to September 1, 2019.
3. The Tenant's Pro Rata Share in Section 1.2.3. is increased by 9.55%, from 17.1594% to
26.7094%.
4.

The Expiration Date in Section 1.3.3. is extended from April 30, 2023 to August 31, 2024.

5.
The Term stated in Section 2.1. is changed from five (5) years to six (6) years and four (4)
months.
6.

The Base Rent in Section 3.1 payable by Tenant is amended as follows:
Effective May 1. 2019 through August 31, 2019:
11,927 rsf Office Space@ 16.82/rsf/yr = $16,718.38/mo.
Effective September 1, 2019 through October 31, 2019:
As set forth in Section 3.2.2.
Effective November 1, 2019 through February 29, 2020:
18,568 rsf Office Space@ $17.9578/rsf/yr = $27,786.71/mo.
Effective March 1, 2020 through April 30, 2020:
18,568 rsf Office Space @ $20.5070/rsf/yr = $31,731.23/mo.

First Amendment
POS Agreement#003130
Opus Solutions, LLC
9/1/2019