PROMISE TO PAY; INTEREST AND PAYMENT TERMS. For value received, the undersigned IIT INLAND EMPIRE – 3700 INDIAN AVENUE LP, a Delaware limited partnership (“Borrower”), promises to pay to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”), c/o Wells Fargo Bank, National Association, Wells Fargo Center, Commercial Mortgage Servicing, 1901 Harrison Street, 2^nd Floor, Mac A0227-020, Oak1and, California 94612, or at such other place as may be designated in writing by Lender, the principal sum of up to FORTY-FIVE MILLION AND 00/100THS DOLLARS ($45,000,000.00) (“Loan”), pursuant to the terms, conditions and provisions set forth in that certain Loan Agreement of even date herewith (the “Loan Agreement”), by and between Lender and Borrower, with interest thereon as specified therein. All sums owing hereunder are payable in lawful money of the United States of America, in immediately available funds, without offset, deduction or counterclaim of any kind in accordance with the payment terms set forth in the Loan Agreement. In addition to the foregoing, Borrower hereby promises, covenants and agrees to pay the Loan in accordance with the terms, conditions and provisions set forth in the Loan Agreement. All such terms, conditions and provisions are hereby incorporated herein. All capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Loan Agreement.

No Usury. Borrower and Lender intend at all times to comply with applicable state law or applicable United States federal law (to the extent that it permits Lender to contract for, charge, take, reserve or receive a greater amount of interest than under state law) and that this Section 3.5 shall control every other agreement in the Loan Documents. If the applicable law (state or federal)

is ever judicially interpreted so as to render usurious any amount called for under this Note or any other Loan Document, or contracted for, charged, taken, reserved or received with respect to Borrower’s obligations or if Lender’s exercise of the option to accelerate the maturity of the Loan or any prepayment by Borrower results in Borrower having paid any interest in excess of that permitted by applicable law, then it is Borrower’s and Lender’s express intent that all excess amounts theretofore collected by Lender shall be credited against the unpaid principal of the Loan and other portions of the obligations of Borrower not constituting interest (or, if the Loan, and all other portions of the obligations of Borrower not constituting interest have been or would thereby be paid in full, refunded to Borrower), and the provisions of the Loan Documents immediately be deemed reformed and the amounts thereafter collectible thereunder reduced, without the necessity of the execution of any new document, so as to comply with applicable law, but so as to permit the recovery of the fullest amount otherwise called for thereunder. All sums paid or agreed to be paid to Lender for the use, forbearance or detention of the Loan shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full stated term of the Loan until payment in full so that the rate or amount of interest on account of the obligations of Borrower does not exceed the maximum lawful rate from time to time in effect and applicable to the obligations of Borrower for so long as the obligations of Borrower are outstanding. Notwithstanding anything to the contrary contained in any Loan Document, it is not the intention of Lender to accelerate the maturity of any interest that has not accrued at the time of such acceleration or to collect unearned interest at the time of such acceleration.