1.

BASIC LEASE TERMS

1A.

SPECIAL LEASE TERMS

2.

PREMISES

3.

TERM

3.1

3.2

4.

TENANT IMPROVEMENTS; EARLY POSSESSION; DELAYED DELIVERY OF POSSESSION

4.1

4.2

4.3

4.4

5.

RENT

5.1

5.2

5.3

6.

PREPAID RENT AND SECURITY DEPOSIT [omitted]

7.

USE OF PREMISES

7.1

7.2

7.3

7.4

8.

ADDITIONAL RENT FOR OPERATING EXPENSES

8.1

8.2

8.3

8.4

8.5

8.6

8.7

9.

Common Areas

9.1

9.2

10.

Maintenance and Repair Responsibility

10.1

10.2

10.3

10.4

11.

UTILITIES

11.1

11.2

11.3

11.4

11.5

12.

LIMITS ON LANDLORD’S LIABILITY

12.1

12.2

12.3

13.

ALTERATIONS AND ADDITIONS BY TENANT; LIENS AND INSOLVENCY

13.1

13.2

14.

INSURANCE; INDEMNITY

14.1

14.2

14.3

14.4

14.5

14.6

14.7

14.8

15.

DESTRUCTION

15.1

15.2

15.3

15.4

15.5

15.6

16.

CONDEMNATION

16.1

16.2

16.3

16.4

16.5

17.

ASSIGNMENT AND SUBLETTING

17.1

17.2

17.3

17.4

17.5

17.6

17.7

18.

DEFAULT

18.1

18.2

19.

REMEDIES IN DEFAULT

19.1

19.2

19.3

19.4

19.5

20.

ACCESS

21.

SURRENDER OF PREMISES; HOLD-OVER TENANCY

21.1

21.2

21.3

21.4

21.5

22.

COMPLIANCE WITH LAW

23.

RULES AND REGULATIONS

24.

PARKING

25.

CERTIFICATES

26.

SUBORDINATION

27.

PERSONAL PROPERTY TAXES

28.

NOTICES

29.

CONDITION OF PREMISES

30.

HAZARDOUS SUBSTANCES

30.1

30.2

30.3

30.4

30.5

30.6

30.7

31.

SIGNS

32.

GENERAL PROVISIONS

32.1

32.2

32.3

32.4

32.5

32.6

32.7

32.8

32.9

32.10

32.11

32.12

32.13

32.14

32.15

32.16

32.17

32.18

33.

AUTHORITY OF TENANT

33.1

33.2

33.3

34.

FINANCIAL STATEMENTS

35.

BROKERS

36.

COUNTERPARTS

37.

FURTHER ASSURANCES

Exhibits to this Lease:

Exhibit A-1

Exhibit A-2

Exhibit B

Exhibit C

Exhibit D

1905 Raymond Avenue SW

Renton, WA 98057-9005

Months

Early Termination by Tenant. Provided there is no uncured Default by Tenant under this Lease at such time, Tenant shall have a one-time right to terminate this Lease effective

at the expiration of the first 60 Months of the Term. This right may be exercised only by written notice by Tenant to Landlord and the payment by Tenant to Landlord of a cancellation fee. The notice must be given and the fee must be paid on or before the expiration of the first 54 Months of the Term. Timely delivery of the written notice together with the fee to Landlord is a condition to Tenant’s right to terminate this Lease. The amount of the cancellation fee shall be $1,210,000. Between the exercise of the termination right and the effective date of termination, Tenant shall continue to pay Rent as before, and all the other provisions of this Lease shall continue to apply. Tenant’s exercise of the right to terminate shall not affect any obligation for Rent, or other obligation of Tenant under this Lease, that accrued before the exercise of the termination right.

Guaranty. Within 20 days after the execution of this Lease, Tenant’s parent, Deutsche Post, shall execute and deliver to Landlord an absolute and unconditional guaranty of payment (in amount not to exceed $11,095,133.00), of any and all amounts due under this Lease, including to pay or reimburse Landlord for leasing commissions, previously abated Base Rent, and Tenant Improvement Costs, as defined in the Work Letter (“Guaranteed Costs”), whether (i) for excess Tenant Improvement Costs under Section

7.1 of the Work Letter or for Tenant Changes under Section 7.3 of the Work Letter, (ii) through the amortization of such Tenant Improvement Costs into Additional Rent as described in Section 1A.1, (iii) in connection with an early termination by Tenant, as described in Section 1A.6, (iv) in the event Tenant becomes liable for any Guaranteed Costs upon the exercise by Landlord of remedies for any Default by Tenant, or for any other requirement to pay or reimburse Landlord for Guaranteed Costs under this Lease or the Work Letter (“Parent Guaranty”). The guaranty shall be in the form Attached as Exhibit D hereto. No assignment of this Lease, or sublease of all or any portion of the Premises, to an affiliate of Tenant that is permitted under Section 17 shall affect the continuing effectiveness of the Parent Guaranty. If the Parent Guaranty is not delivered as required by the expiration of 40 days after the mutual execution of this Lease, Landlord shall have the option to terminate this Lease at any time thereafter until the Parent Guaranty is provided.

Rent. Beginning on the Commencement Date and throughout the Term, Tenant shall pay to Landlord the Base Monthly Rent specified in Section 1 and the Additional Rent as set forth in Section 8 and elsewhere in this Lease (the Base Monthly Rent and the Additional Rent are collectively referred to as “Rent”). Rent shall be paid in advance, first on or before the Commencement Date and thereafter on the first day of each calendar

month of the Term. Rent for any period during the Term that is for less than one month shall be prorated for the actual number of days in such period. For purposes of determining when any adjustments in Base Monthly Rent set forth in Section 1 occur, the first full calendar month of the Term shall be Month 1.

Definition of Operating Expenses. “Operating Expenses” means all expenses and charges incurred by Landlord in the operation and maintenance of the Building and Property including without limitation the following costs by way of illustration: (i) all real property taxes, assessments and other general or special charges assessed or imposed during the Term by any public, governmental or quasi-governmental authority against the real or personal property included in the Building or the Property, including without limitation Landlord’s personal property used in the maintenance, repair or operation of the Building or the Property, or any other tax on the leasing of the Building or on the rents from the Building; provided (a) such taxes and/or assessments shall be prorated on a per diem basis for any portion of the Term that occurs during a partial tax year, and (b) Tenant shall not be responsible for any (A) estate, inheritance, income or transfer taxes on Landlord, (B) the cost of any challenge to taxes unless such challenge results in a verifiable tax savings to Tenant, or (C) any tax penalties assessed due to any action or inaction by Landlord or its employees, agents or contractors (collectively “Tax Costs”); (ii) any and all assessments Landlord must pay for the Building or Property pursuant to the CC&Rs, any transportation or any other improvement monitoring or management plan, or any other covenant, condition or reciprocal easement agreements; (iii) electricity, gas and similar energy sources, refuse collection, water, sewer and other utilities services for the Building and the Property to the extent not paid by directly Tenant (collectively, “Common Utilities Costs”) (iv) annual inspection fees, property management fees paid to independent or affiliated contractors or to Landlord; provided such fees are not more than 2% of the Base Rent payable hereunder, and out of pocket legal, accounting and other professional expenses; (v) janitorial, cleaning, window washing, painting and refuse removal; (vi) all costs of improvements or alterations to the Building and Property required by Laws coming into effect after the Commencement Date (collectively, “Required Improvement Costs”) (vii) all premiums and deductibles for liability, property damage, casualty (including earthquake, flood, terrorism and other special coverages), automobile, garage keeper’s, rental loss compensation or other insurance that may be maintained by Landlord for the Building or Property in accordance with the requirements, and subject to the limitations set forth in Section 14 of this Lease (“Insurance Costs”); (viii) the cost of replacement of any Building equipment or elements needed to operate the Building at the same quality levels as prior to the replacement; (ix) air conditioning, heating, ventilating, plumbing, electrical system, elevator maintenance supplies, materials, equipment and tools; (x) the repair of the air conditioning, heating, ventilating, plumbing, electrical systems

and elevators of the Building; (xi) maintenance costs, including payroll expenses, rental of personal property used in maintenance and all other upkeep of parking, including cleaning, snow and ice removal, landscaping and lighting; (xii) costs and expenses of repairs, resurfacing, reroofing, repainting, and similar items, (xiii) costs and expenses associated with security and monitoring; (xiv) costs incurred in the management of the Building and Property (including supplies, wages and salaries of employees used in the management, operation and maintenance thereof below the grade of Property Manager, and payroll taxes and similar governmental charges with respect thereto); (xv) all license and permit fees; and (xvi) any other expense or charge whether or not described above that in accordance with commercially reasonable accounting and management practices is properly an expense of maintaining, operating or repairing the Building or the Property, subject to the exclusions and limitations set forth in this Lease. Operating Expenses shall not include depreciation on the Building or equipment therein, real estate brokers’ commissions, and costs or expenses for which Landlord is reimbursed or indemnified by an insurer, condemnor, tenant or otherwise. Landlord shall not collect more than 100% of Operating Expenses and shall not recover any item of cost more than once.

Tenant Review of Operating Expenses. Tenant shall have the right to review and audit Landlord’s calculation of Operating Expenses, as provided in this Section 8.7. Tenant may exercise this right as to the Operating Expenses covered by reconciliation under Section 8.5 by giving notice to Landlord within 120 days after receipt of the reconciliation. The review shall be conducted at Tenant’s expense. Landlord shall cooperate with Tenant and its representatives in the review, which shall include making

available, at Landlord’s office where its bills and records are kept, such information used in the Operating Expense calculation as Tenant reasonably requests. Tenant may make copies of any such information, at Tenant’s sole expense. Tenant’s representatives may include an independent accountant or other operating expense professional, provided that such accountant’s or other professional’s compensation is not contingent on the results of the review. Landlord shall be entitled to a complete copy of any report prepared by or for Tenant in the review, within 10 business days after Tenant receives the report. To the extent that the review demonstrates that Tenant has overpaid Operating Expenses in the covered period, Tenant will be entitled to a credit against future Operating Expenses, except if the Lease has terminated or expired, then Landlord shall pay such amount to Tenant within 30 days, or to a cash payment within 30 days, if future Operating Expenses will be insufficient to cover the overpayment. To the extent the review demonstrates that Tenant has underpaid Operating Expenses, Tenant shall pay Landlord the amount of the underpayment within 30 days. If such audit discloses a overcharge in excess of 5% of the annual total, Landlord shall reimburse Tenant for the reasonable costs of the audit. Any disagreement among the parties about the results of the review that they are unable to resolve themselves shall be submitted to an independent certified public accountant selected by mutual agreement of the parties, whose decision shall be binding. The fees of the accountant shall be borne 50% by each party, or in such other percentages as the accountant determines is fair under the circumstances. The obligations of the parties under Section 8.7 shall survive the termination of this Lease.

Unreasonable Period of Failure. If Landlord fails to perform any Restoration Obligation, and such failure lasts for greater than forty-eight (48) hours after Landlord receives written notice from Tenant identifying the specific Restoration Obligation that Landlord needs to perform, and Landlord is not responding as required under Sections 11.4 and 12.1, then Tenant shall have the right, 5 days after notice to Landlord (but only 48 hours in the event of an emergency that threatens the safety of occupants of the Premises or prevents or substantially impairs Tenant’s ability to operate in the Premises) to undertake to perform the Restoration Obligation, at Landlord’s cost. Tenant shall keep detailed records of the costs it incurs in so doing, and Landlord shall reimburse Tenant for the same within 30 days of Tenant’s request for reimbursement, which request shows the costs incurred and evidence of payment thereof in reasonable detail. To the extent

Landlord fails to reimburse Tenant when and as required by this Section 12.2, Tenant shall have the right to offset the amount of the reimbursement to which it is entitled against Base Monthly Rent, provided (a) the amount offset against Base Monthly Rent in any month shall not exceed 20% of the Base Monthly Rent payable for such month, and (b) any offset amounts in excess of the 20% cap described in clause (a) above shall bear interest from the date such amounts would have been reimbursable to Tenant until fully paid at the per annum rate of eight and one half percent (8.5%), which amounts, including such interest, Tenant shall have the right to offset against subsequent Base Monthly Rent payments until all such amounts, including all interest accrued thereon, have been fully reimbursed to Tenant.

Landlord’s Insurance. During the Term, Landlord shall maintain Property Insurance written on a Special Form (formerly known as “all risk”) basis covering the Building, including the initial Tenant Improvements (excluding, however, Tenant’s furniture, equipment and other personal property and Alterations), against damage by fire and standard extended coverage perils and with vandalism and malicious mischief endorsements, and, at Landlord’s option, rental loss coverage and earthquake damage coverage, and such additional coverage as may be required by Landlord’s mortgagee or

that may be carried by a prudent owner of a similar building in King county. Landlord shall also carry commercial general liability and commercial automobile liability insurance in such reasonable amounts and with such reasonable deductibles as would be carried by a prudent owner of a similar building in King County. At Landlord’s option, all such insurance may be carried under any blanket or umbrella policies which Landlord has in force for other buildings and projects. Landlord may, but shall not be obligated to, carry any other form or forms of insurance as Landlord or Landlord’s mortgagee or may reasonably determine is advisable. The premiums for the insurance obtained by Landlord pursuant to this Section 14.5 (including reasonable deductibles for any claims not arising due to the acts or omissions of Landlord or its employees, agents, or contractors) shall be included in Operating Expenses.

Election to Restore. If the Premises or the Building is destroyed by fire, flood, earthquake, windstorm, the elements, casualty, accident, war, riot, public disorder, acts authorized or unauthorized by the government or any other cause or happening or other casualty to the extent that they are untenantable in whole or in part, then Landlord shall have the right but not the obligation to proceed with reasonable diligence to rebuild and restore the Premises or the Building or such part thereof. Landlord shall within 60 days after receipt of written notice of such destruction or injury notify Tenant whether Landlord intends to rebuild, including Landlord’s estimate of the required length of time to rebuild. If in Landlord’s reasonable estimate more than 120 days will be required to rebuild from the date of destruction, Tenant shall have the right to terminate this Lease by written notice to Landlord given within 30 days after Landlord’s notice. If Landlord elects to rebuild and Tenant does not exercise its right to terminate the Lease under the preceding sentence, this Lease shall continue. During the restoration period, Landlord shall use commercially reasonable efforts to provide Tenant with any temporary accommodations or services that Tenant may require to continue operating at the

Premises, including without limitation, temporary truck access and utility services, if needed. If Landlord fails to notify Tenant within such 60-day period that Landlord will rebuild, then this Lease shall terminate as of the end of such period.

Deemed Assignment. If Tenant is a corporation, any transfer of this Lease from Tenant by merger, consolidation, or liquidation, or any change in the ownership of or power to vote 50% or more of the outstanding voting stock of Tenant shall constitute an assignment under this Lease. If Tenant is a partnership or limited liability company, any

change in the identity or majority ownership of partners or members in Tenant serving as general partner or manager or owning 50% or more of the outstanding economic interests in such entity shall constitute an assignment under this Lease.

No Termination. No re-entry or taking possession of the Premises by Landlord pursuant to this Section 19, or acceptance of Tenant’s keys to or surrender of the Premises shall be construed as an election to terminate this Lease unless a written notice of such intention is given to Tenant. Notwithstanding any reentry or termination, the liability of Tenant for the Rent shall continue for the balance of the Term, and Tenant shall make

good to Landlord any deficiency arising from reletting the Premises at a lesser rent than the Rent provided for in this Lease. Tenant shall pay such deficiency each month as the amount thereof is ascertained by Landlord.

Removal of Personal Property. Prior to expiration or other termination of this Lease, except as otherwise specified herein or expressly permitted by Landlord in writing, Tenant shall remove, at its sole cost and expense all personal property of Tenant on or about the Premises, including without limitation all Tenant’s furnishings, fixtures, furniture, fittings, and equipment. Tenant shall repair or reimburse Landlord for the cost of repairing any damage to the Premises resulting from the removal of such property of Tenant. All property of Tenant remaining on the Premises after reentry or the expiration or sooner termination of this Lease shall conclusively be deemed abandoned and may be removed by Landlord. The cost of removal of such property shall be reimbursed by Tenant to Landlord upon demand, including but not limited to court costs, reasonable attorneys’ fees and storage and disposal charges relating to such property. Landlord may store such property of Tenant in any place selected by Landlord, including but not limited to a public warehouse, at the expense and risk of the owner thereof, with the

right to sell such stored property without notice to Tenant. The proceeds of such sale shall be applied first to the cost of such sale, second to the payment of the cost of removal and storage, if any, and third to the payment of any other amounts that may then be due from Tenant to Landlord under this Lease, and any balance shall be paid to Tenant.

Subordination. Tenant agrees that this Lease shall be subordinate to the lien of any mortgage, deeds of trust, or ground leases now or hereafter placed against the Property or Building (an “Encumbrance”), and to all renewals and modifications, supplements, consolidations, and extensions thereof, provided that so long as Tenant attorns to any party acquiring title to the Property as a result of the foreclosure, termination or transfer in lieu thereof of any such Encumbrance, then neither Tenant’s right to quiet enjoyment under this Lease, nor the right of Tenant to continue to occupy the Premises in accordance with the terms of this Lease will be interfered with by the holder of any such Encumbrance. Notwithstanding the foregoing, Landlord

reserves the right, however, to subordinate or cause to be subordinated any such mortgage, deed of trust or ground lease to this Lease. Upon a foreclosure or conveyance in lieu of foreclosure under such mortgage or deed of trust, or a termination of such ground lease, and a demand by Landlord’s successor, Tenant shall attorn to and recognize such successor as Landlord under this Lease. Tenant shall execute and deliver within 10 business days following Landlord’s request any commercially reasonable instruments evidencing, effectuating or confirming such subordination or attornment; provided, however that Tenant shall be entitled to condition its delivery of such instruments on receipt from the lender or ground lessor nondisturbance agreement which is intended to protect Tenant’s right to possession under this Lease for so long as Tenant complies with the terms and conditions of this Lease. Without limiting the foregoing, Tenant shall in no event be required to execute any such agreement that (i) requires it send copies of all notices (as opposed to only default notices) sent to Landlord in accordance with the Lease also to a mortgagee, (ii) restricts Tenant’s self help remedies set forth in this Lease, (iii) allows a mortgagee to elect to terminate the Lease in the event of casualty instead of restoring the Premises if required by the Lease, (iv) extends the time Landlord (or such mortgagee) is allowed to cure Landlord’s defaults under the Lease by more than 30 days before Tenant may avail itself of any remedies available at law or under this Lease due to such default, except to the extent the extension is due to a delay by Tenant in providing notice to the mortgagee, or (v) otherwise materially increases Tenant’s obligations or decreases its rights under the Lease. All subordination, non-disturbance and attornment instruments and agreements under this Section 26 shall be substantially in such standard form and substance as the lender or ground lessor at that time typically uses with comparable tenants provided that such form is commercially reasonable, reasonably acceptable to Tenant, and otherwise meets the requirements of this paragraph.

Tenant Obligations. Tenant shall not, without first obtaining Landlord’s prior written approval, which approval shall not be unreasonably withheld, delayed or conditioned, generate, release, store, deposit, transport, or dispose of (collectively “Release”) any hazardous substances, sewage, petroleum products, hazardous materials, toxic substances or any pollutants or substances, defined as hazardous or toxic in applicable federal, state and local laws and regulations (“Hazardous Substances”) in, on or about the Premises or the Property. In the event, and only in the event, Landlord approves such Release of Hazardous Substances on the Premises, such Release shall occur safely

and in compliance with all applicable federal, state, and local laws and regulations and at Tenant’s sole risk and expense. Tenant may bring upon and ship through the Premises limited quantities of Hazardous Substances in the ordinary course of its business permitted under Section 1 of this Lease, provided the handling of such is at all times in compliance with all applicable laws and the CC&Rs.

Environmental Reports. Landlord shall provide to Tenant, prior to the Commencement Date and thereafter upon receipt of written request, copies of the most recent environmental reports (such as a Phase I) that Landlord has for the Premises, Building, and Project. Tenant shall reimburse Landlord for Landlord’s reasonable out of pocket costs for photocopying and delivering such report within thirty (30) days after receipt of detailed written demand therefor, such demand to include copies of all relevant receipts and invoices. Landlord also hereby agrees that Tenant may, at its sole cost and expense, conduct a Phase I or similar environmental report on the Premises, Building and

Project provided (i) Tenant gives Landlord prior written notice of such proposed report, and such report is subject to Landlord’s prior written approval, not to be unreasonably withheld, (ii) Tenant shall not engage in any boring or other invasive testing without preparing and furnishing to Landlord a reasonably detailed written plan for such testing, and Landlord approves such plan, such approval at Landlord’s sole and absolute discretion, (iii) such testing shall be at the sole expense and risk of Tenant and shall be conducted lien-free, and Tenant repairs any damages caused by such investigation, if any, and (iv) Tenant and its contractors shall not unreasonably disturb any other occupants of the Building, and shall use diligent efforts in keeping with industry standards to avoid such disturbance.

Late Charges; Interest. Late payment by Tenant to Landlord of Rent or other sums due under this Lease will cause Landlord to incur administrative and operating costs not

contemplated by this Lease, the exact amount of which would be difficult and impractical to ascertain. Such costs include without limitation processing and accounting charges and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, Tenant shall pay to Landlord as Additional Rent a late charge equal to 2% of such overdue payment as liquidated damages for the administrative and operating costs incurred by Landlord in connection with such late payment. Such late charge does not compensate Landlord for the time value of money, and, in addition to any applicable late charge, any Rent or other sums due Landlord under this Lease to Landlord, if overdue, shall bear interest from the date due until fully paid at the per annum rate of eight and one half percent (8.5%), which interest shall constitute Additional Rent under this Lease. The existence or payment of late charges and interest under this Section shall not cure or limit Landlord’s remedies for any Default by Tenant under this Lease. A $100 charge will be paid by Tenant to Landlord for each returned check.

IIT 1905 RAYMOND AVENUE LLC,

a Delaware limited liability company

/s/ THOMAS G. McGONAGLE

Thomas G. McGonagle

Chief Financial Officer and Treasurer

TENANT:

AIR EXPRESS INTERNATIONAL USA, INC., an Ohio corporation dba DHL GLOBAL FORWARDING

/s/ HANS TOGGWELLER

Hans Toggweller

Chief Executive Officer

Landlord’s approval of the Construction Drawings shall not be withheld, provided that (a) they comply with all Laws, (b) the improvements depicted thereon do not adversely affect (in the reasonable discretion of Landlord), the Building’s structure or systems, the exterior appearance of the Building, or the appearance of the Building’s common areas, and (c) they are sufficiently detailed to allow construction of the Tenant Improvements in a good and workmanlike manner. Landlord’s approval of the Construction Documents shall not be a representation or warranty by Landlord that such documents are adequate for any use or comply with any Law, but shall merely be the consent of Landlord thereto. The

Construction Documents, once fully approved, shall then constitute the “Tenant Improvements Plans.” After the Construction Documents have been approved, Tenant shall cause the Work to be performed in accordance therewith. Landlord shall issue its approval or deliver a detailed denial thereof within five (5) business days after Landlord’s receipt thereof or the same shall be deemed approved.

Tenant shall enter into a construction contract approved by Landlord (which approval shall not be unreasonably withheld, conditioned or delayed) with a general contractor selected by Tenant from an approved list of general contractors previously provided to Landlord by Tenant. The construction contract shall include, among other things, (a) a one-year warranty for all defective work, which warranty shall run to Landlord to the

extent Landlord has responsibility for repair or replacement of such work pursuant to this Lease; (b) a requirement that Tenant’s contractor maintain general commercial liability insurance of not less than a combined single limit of $5,000,000, naming Landlord, Tenant, and each of their respective affiliates as additional insureds; (c) a requirement that the contractor perform the work in substantial accordance with the Space Plan and the Tenant Improvements Plans and in a good and workmanlike manner; and (d) a requirement that the contractor is responsible for daily cleanup work and final clean up (including removal of debris).

“Substantial Completion” and words of similar import as used herein, shall mean that the Tenant Improvements have been completed to such a degree that Tenant can legally occupy and use the Premises, as evidenced by issuance of a certificate of occupancy, a

building permit sign off, or whatever other action the city or county with primary jurisdiction over the Building customarily takes to signify that the Premises may be occupied and used (“Occupancy Sign Off”). Notwithstanding the foregoing sentence, if the city or county with primary jurisdiction over the Building will not issue its Occupancy Sign Off until Tenant has installed its furniture, fixtures or equipment in the Premises, then “Substantial Completion” shall mean that the Tenant Improvements have been completed to such a degree that (a) Tenant has been granted possession of the Premises and can legally install its fixtures, furniture and equipment in the Premises, and (b) Tenant’s installation of its furniture, fixtures and equipment is the only remaining item that needs to be accomplished for the city or county to be in a position to issue its Occupancy Sign Off. The Tenant Improvements shall be deemed substantially complete notwithstanding the fact that minor details of construction, mechanical adjustments or decorations which do not materially interfere with Tenant’s use and enjoyment of the Premises remain to be performed (items normally referred to as “punch list” items) and notwithstanding the fact that the city or county with primary jurisdiction over the Building may require installation of Tenant’s fixtures, furniture and/or equipment before issuing a certificate of occupancy, a building permit sign off or whatever other action the city or county with primary jurisdiction over the Building customarily takes to signify that the Premises may be occupied and used. Tenant shall proceed expeditiously and with due diligence to complete the punch list items.

LANDLORD:

IIT 1905 RAYMOND AVENUE LLC,

a Delaware limited liability company

By:

By:

By:

By:

Name:

Title:

By:

Name:

Title:

Bonn, dated                                         .

DEUTSCHE POST AG

By:

By: