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American Property evelopment, Inc. <br /> 110— 110th Ave.N.E., Suite 550 <br /> Bellevue, Washington 98004 <br /> W (425)455-2433,FAX(425)709-7214 <br /> December 23, 2014 <br /> To: Peter Wangoe <br /> Clear Channel Outdoor <br /> 3601 6th Avenue South <br /> Seattle, WA 98134 <br /> Fm: Dave Sinnett <br /> Development Manager <br /> American Property Development, Inc. <br /> RE: Notice of Termination for 3214 Broadway Everett WA <br /> Mr. Wangoe: <br /> This is written to Clear Channel Outdoor from American Property Development <br /> (Landlord) of the property located at 3214 Broadway, Everett Wa, regarding the Lease as <br /> signed on April 6, 2005 <br /> Section 2 of the lease—This lease shall be in effect for a base teuu of Ten(10) years, <br /> commencing on March 29, 2005. <br /> Section 4. of the lease - The Lease shall continue in full force and effect for its initial <br /> terms and thereafter successive like tennis, unless not less than ninety (90) days before the <br /> end of any such term Landlord or Clear Channel gives a written Notice of termination. <br /> As of December 23, 2014, the Landlord is giving written notice of Termination to Clear <br /> Channel, satisfying the conditions per Section 4 in the Lease. After March 29, 2015 the <br /> Landlord and Clear Channel Lease shall be tellninated. <br /> Please remove all Clear Channel Structures prior to April 17, 2015 as the Landlord will <br /> likely remove everything from site shortly thereafter. If you have any questions feel free <br /> to contact me at 206 255 7580 or via email at dsinnett@acg.com. <br /> Thank You, <br /> Dave Sinnett <br /> Development Manager <br /> American Property Development <br />