Document:

Final Undertaking Bottling Holdings (Luxembourg) adopted by European Commission

 Exhibit 10.4 

UNDERTAKING 

CASE COMP/39.116/B–2 – COCA–COLA 

The Companies hereby give the following Undertaking concerning their commercial practices and those of other Bottlers
of TCCC–Branded CSDs in the Relevant European Countries. This Undertaking is designed to provide clear, objective, and administrable rules governing commercial practices of The Coca–Cola Company and its Bottlers. It applies to
all sales of TCCC–Branded CSDs destined for consumption in Countries in which the conduct of The Coca–Cola Company or its Bottlers may be subject to Article 82 of the EC Treaty or Article 54 of the EEA Agreement. This Undertaking is made
without prejudice to the Companies’ position should the European Commission or any other party decide to open proceedings or to commence any other legal action against any of the Companies. This Undertaking shall be interpreted in accordance
with Community law. 
 I. DEFINITIONS 

In this Undertaking, the following terms will have the meanings indicated below: 

“Approved Methodology” means the following methodology used to calculate the shares prescribed in this
Undertaking for purposes of defining “Countries” and “TCCC–Branded Orange CSDs.” Shares will be calculated using the best available value–based Channel–specific data for each of the Take–Home Channel
(as currently provided by AC Nielsen) and the On–Premise Channel. Where Channel–specific value–based data are not available for a Channel, shares for that Channel will be calculated using the best available Channel–specific
volume–based data (as currently provided by Canadean Limited). In situations where Channel–specific volume–based data are not available, shares for either or both Channels will be based on the best available national volume–based
data (as currently provided by Canadean Limited). 
 “Assortment or Range Commitments” are contractual
obligations accepted by a customer to maintain physically in stock a specified set or number of beverages or SKUs. 

“Beverage Coolers” means installed equipment, other than vending machines and fountain equipment, used for chilling
packaged CSDs to which the consumer has direct access. 
 “Bottler” means an entity licensed by TCCC to
manufacture, distribute, and sell TCCC–Branded CSDs in a Relevant European Country. 
 “CCE” means
Bottling Holdings (Luxembourg) sarl, a corporation organized under the laws of Luxembourg, with its registered office in Howald, Luxembourg, and all of its Subsidiaries. 

“CCEAG” means Coca–Cola Erfrischungsgetränke AG, a corporation organized under the laws of Germany, with its
principal office in Berlin, Germany, and all of its Subsidiaries. 

 “CCHBC” means Coca–Cola Hellenic Bottling Company S.A., a corporation
organized under the laws of Greece, with its principal office in Maroussi, Greece, and all of its Subsidiaries. 

“Companies” means TCCC, CCE, CCHBC, and CCEAG. 

“Countries” means all Relevant European Countries and future EU Member States in which TCCC–Branded CSDs accounted
for more than 40%, and more than twice the share of the nearest competitor, of national CSD sales in either the Take–Home Channel or the On–Premise Channel in the previous year. Where a Country qualifies under this definition in only one
Channel, this Undertaking will apply only in that Channel. In situations where data are not available from an independent source for any Relevant European Country or future EU Member State, a Company will appoint, subject to the Commission’s
approval, an independent third party to compile the market share information necessary to determine whether this Undertaking shall be applicable. Pursuant to Section III.E.2. of this Undertaking, TCCC will provide the European Commission annually
with written reports listing the Countries and Channels to which this Undertaking will be applicable. For purposes of this provision, shares will be calculated on the basis of the Approved Methodology. 

“Coverage Date” means the date on which a Country or Channel becomes subject to this Undertaking, corresponding to:
(1) in respect of the Companies, the Effective Date; (2) in respect of non–Company Bottlers in Countries, the date on which each such Bottler commits to comply with the terms of this Undertaking; and (3) in respect of Bottlers
active in a Country or a Channel that becomes subject to this Undertaking on the basis of the information contained in a report provided to the European Commission pursuant to Section III.E.2. of this Undertaking, the date on which such report is
submitted. 
 “CSDs” means carbonates, as defined by Canadean Limited, excluding beverages listed in the
“flavoured water” category. 
 “Effective Date” means the date on which the Companies are notified of
the European Commission’s final decision under Article 9 of Council Regulation No. 1/2003 concerning this Undertaking. 

“Existing Agreement” means any agreement, whether oral or written, entered into on or before the Coverage Date by a
Company in a Country or Channel. 
 “Financing Agreements” are agreements entered into with On–Premise
customers under which a supplier provides a customer with up–front financing. Such advanced funds are typically repayable either in cash or on the basis of purchases of beverages from the supplier that extended the funds. 

“Full Implementation Date” means January 1, 2006, unless the Effective Date falls after June 30, 2005, in
which case the Full Implementation Date will be nine months after the Effective Date. 
 “New Agreement” means
any agreement, whether oral or written, entered into after the Coverage Date by a Company in a Country or Channel. 
  

 –2– 

 “On–Premise Channel” means accounts or groups of accounts that operate
on–premise or immediate beverage consumption outlets in the Relevant European Countries or that purchase or specify for purchase beverages for resale to such accounts in the Relevant European Countries. 

“Other TCCC–Branded CSDs” means TCCC–Branded CSDs other than TCCC–Branded Cola CSDs and
TCCC–Branded Orange CSDs, provided that in Countries or Channels where the threshold for TCCC–Branded Orange CSDs is not satisfied, orange–flavoured CSDs marketed under trademarks incorporating or consisting of the “Fanta”
trademark will be included in Other TCCC–Branded CSDs. 
 “Private Tender Agreements” means commercial
arrangements for the supply of CSDs in the On–Premise Channel that are entered into following an open and competitive tendering process based on objective, transparent, and non–discriminatory criteria and are organized by large, private
sector customers for sales in the On–Premise Channel. 
 “Public Tender Agreements” means commercial
arrangements for the supply of CSDs that are entered into following an open and competitive tendering process based on objective, transparent, and non–discriminatory criteria and are organized by Government agencies and public authorities that
prescribe a standard form agreement. 
 “Rebates” are payments, credits, or other advantages obtained or
retained by a customer by reference to multiple purchases made over a preceding period. 
 “Relevant European
Countries” means Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Slovak
Republic, Slovenia, Spain, Sweden, and the United Kingdom. 
 “Shelf Space Commitments” are contractual
obligations accepted by a customer to dedicate a proportion or amount of its permanent ambient–temperature CSD sales space to beverages sourced from a given CSD supplier. 

“SKUs” means stock–keeping units. 

“Sponsorship Agreements” means commercial arrangements whose principal purpose is to sponsor an event or venue for its
promotional value, with beverage supply being an ancillary aspect. Sponsorship Agreements are typically entered into with sports clubs or organizers of periodic entertainment or sporting events. 

“Subsidiaries” means an entity in which a Company, directly or indirectly, holds an interest exceeding 50% and which is
involved in the distribution or sale of TCCC–Branded CSDs in one or more Relevant European Countries. 

“Take–Home Channel” means accounts or groups of accounts that are engaged in the business of retailing packaged
beverages to consumers in Relevant European Countries primarily for at–home consumption or that supply such accounts (including cash and carry accounts). 
  

 –3– 

 “TCCC” means The Coca–Cola Company, a corporation organized under the
laws of the State of Delaware, U.S.A., with its principal office in Atlanta, Georgia, U.S.A., and all of its Subsidiaries. 

“TCCC–Branded” means marketed under trademarks owned by or licensed to TCCC. 

“TCCC–Branded Cola CSDs” means TCCC–Branded Light Cola CSDs and TCCC–Branded Regular Cola CSDs.

 “TCCC–Branded Light Cola CSDs” means low–calorie cola–flavoured CSDs sold under TCCC
trademarks, including “Coca–Cola Light” and “Coke Light,” other than those incorporating additional flavours (e.g., Coke Light Lemon). 

“TCCC–Branded Orange CSDs” means orange–flavoured CSDs marketed under trademarks incorporating or consisting
of the “Fanta” trademark and defined as “Fanta Orange Regular” by Canadean Limited that in any Country accounted for more than twice the share of the nearest competing orange–flavoured CSD brand in either the Take–Home
Channel or the On–Premise Channel in the previous year. Where this threshold is met in only one Channel, the provisions of this Undertaking concerning TCCC–Branded Orange CSDs will apply only in that Channel. TCCC will provide the European
Commission annually with written reports listing the Countries and Channels in which the provisions of the Undertaking concerning TCCC–Branded Orange CSDs will be applicable. For purposes of this provision, shares will be calculated on the
basis of the best available industry data sources (currently Canadean Limited and AC Nielsen) using the Approved Methodology. 

“TCCC–Branded Regular Cola CSDs” means cola–flavoured CSDs sold under the “Coca–Cola” or
“Coke” trademarks other than those incorporating additional flavours (e.g., Cherry Coke, Vanilla Coke). 

“Technical Equipment” means Beverage Coolers, fountain dispensers, and CSD vending machines. 

II. SUBSTANTIVE PROVISIONS 

Each Company undertakes to apply the following measures. 

A. THE TAKE–HOME AND ON–PREMISE CHANNELS 

The commitments in this section are applicable to all commercial arrangements in the Take–Home and On–Premise Channels under
which a Company sells TCCC–Branded CSDs in the Countries for resale within the Relevant European Countries, other than Sponsorship Agreements and Public and Private Tender Agreements. 

1. Exclusivity Provisions 

Each Company’s customers will remain free to buy and sell any CSDs of any third party. The Companies will not require a customer not
to list, purchase, or sell CSDs of a third party or offer any payment or other advantage conditioned on a customer’s committing not to do so. 
  

 –4– 

 2. Percentage–Based Purchasing Commitments 

The Companies will not require a customer to purchase a specified minimum percentage of that customer’s total CSD requirements (or
requirements in a specific CSD flavour category) or offer any payment or other advantage conditioned on such purchasing obligation. 

3. Transparency 

The Companies’ agreements will reflect the following principles: 

 

	 	•	 	 Transparency of Performance Obligations. Where an agreement offers a payment or other advantage in exchange for a customer’s
agreeing to carry out a service in relation to the sale of CSDs (i.e., pay–for–performance), both the service and the associated payment will be clearly specified by a Company in the relevant agreement. 

 

	 	•	 	 Transparency of Termination Obligations. Where an agreement allows a customer either to terminate that agreement or to reduce its
commitments to a Company pursuant to that agreement, the requirements for early termination or reduction of the customer’s obligations will be clearly specified, including the basis for the calculation of any payment or payments owed to the
Company. 

 4. Target Rebates 

No Rebates will be conditioned on a customer’s achieving purchase thresholds or growth rates calculated by reference to its purchases
of any product or group of products that includes TCCC–Branded CSDs made in a previous reference period or on reaching otherwise individually set purchase growth or purchase target objectives during a prescribed reference period for any product
or product group that includes TCCC–Branded CSDs. 
 5. Tying Provisions 

The Companies will not enter into or maintain in force in any agreement provisions that condition the supply of any
TCCC–Branded Cola CSD or TCCC–Branded Orange CSD upon agreement by a customer to purchase one or more additional beverages of the Companies. 

6. Assortment or Range Commitments 

Where a Company’s agreements include Assortment or Range Commitments for TCCC–Branded CSDs, these will be based on the following
principles: 
  

	 	•	 	 Separate Stocking Commitments. Each Company will define stocking commitments separately for TCCC–Branded Regular Cola CSDs,
TCCC–Branded Light Cola CSDs, and TCCC–Branded Orange CSDs. 

  

	 	•	 	 No Combined Payments. The Companies will not condition any payment or other advantage granted with respect to any
TCCC–Branded Cola CSDs or TCCC–Branded Orange CSDs upon a customer’s stocking one or more additional beverages of the Companies. 

 

 –5– 

	 	•	 	 Percentage–Based Assortment or Range Payments. The Companies will not condition any payment or other advantage on a customer’s
agreeing that a Company’s CSDs (or any subset of a Company’s CSDs) comprise a specified percentage of the total number of CSD SKUs (or of that subset of CSD SKUs) listed by the customer in the previous year. 

7. Agreements Concerning Products of Other Suppliers 

The Companies will not enter into or maintain in force in any agreement provisions that condition the supply of any
TCCC–Branded CSD or the availability or extent of any payment or other advantage on the customer’s obligation to discontinue, reduce, vary the terms of, or to refrain from entering into any agreement or commercial relationship with
any other supplier. 
 B. THE TAKE–HOME CHANNEL 

In addition to the commitments in Section II.A above, the commitments in this section will be applicable to each Company’s dealings
with Take–Home customers in the Countries. 
 1. Shelf Space Commitments 

Where a Company’s agreements include Shelf Space Commitments for TCCC–Branded CSDs, these will be based on the following
principles: 
  

	 	•	 	 No Exclusivity. The Companies will not require a customer to dedicate all of its permanent ambient–temperature CSD sales space to
TCCC–Branded CSDs or offer any payment or other advantage conditioned on a customer’s doing so. 

  

	 	•	 	 Separate Commitments. Each Company will define Shelf Space Commitments separately for TCCC–Branded Cola CSDs and TCCC–Branded
Orange CSDs. Any Shelf Space Commitments relating to Other TCCC–Branded CSDs will not be calculated by reference to sales of or space allocated to TCCC–Branded Cola CSDs or TCCC–Branded Orange CSDs. 

 

	 	•	 	 TCCC–Branded Cola CSDs. The Companies will not condition Shelf Space Commitments for TCCC–Branded Cola CSDs on a
customer’s providing a proportion of its permanent ambient–temperature CSD sales space in excess of the national share of CSD sales accounted for by TCCC–Branded Cola CSDs in the previous year, less 5% of that share, as measured by AC
Nielsen. 

  

	 	•	 	 TCCC–Branded Orange CSDs. The Companies will not condition Shelf Space Commitments for TCCC–Branded Orange CSDs on a
customer’s providing a proportion of its permanent ambient–temperature CSD sales space in excess of the national share of CSD sales accounted for by TCCC–Branded Orange CSDs in the previous year, as measured by AC Nielsen.

  

 –6– 

 C. THE ON–PREMISE CHANNEL 

In addition to the commitments in Section II.A above, the commitments in this section will be applicable to commercial arrangements, other
than Sponsorship Arrangements and Public and Private Tender Agreements, concerning each Company’s dealings with On–Premise customers in the Countries. 

1. Financing Agreements 

Where a Company enters into Financing Agreements, these will be based on the following principles: 

 

	 	•	 	 Maximum Repayment Term. The term over which a customer may repay funds advanced under any Financing Agreement will not exceed five
years. 

  

	 	•	 	 Loans Not Conditioned on Specified Assortment or Range Commitments. The Companies’ Financing Agreements will not be conditioned on
agreement by a customer to purchase a specified assortment or range of TCCC–Branded CSDs. 

  

	 	•	 	 Customer Option To Repay. Where a Company provides financing to a customer that is repayable by purchase of TCCC–Branded CSDs from
that Company, the customer will have the option, upon three months’ notice, to repay any proportion of the loan payments due in cash and, where the Financing Agreement so provides, interest at a commercial rate up to the date on which payment
is received. In case the customer repays a proportion of the loan payments due in cash, the amount of TCCC–Branded CSD purchases needed to repay the loan for the relevant period will be reduced proportionally. 
	 

  

	 	•	 	 Customer Option To Terminate. Each Company’s Financing Agreements will give customers the option, at any time and on no more than
three months’ notice, to repay the outstanding balance of advanced funds and terminate the Agreement without any early repayment penalty or other financial compensation. Where the Financing Agreement so provides, the customer may be required to
pay interest at a commercial rate on the outstanding balance up to the date on which payment is received. 

2. Availability Agreements 

Any agreement that requires a customer to make any set of TCCC–Branded CSDs available in its associated outlets will not exceed five
years and will give the customer an annual option to terminate the agreement without penalty following an initial term not exceeding three years. 
  

 –7– 

 D. SPONSORSHIP AND PUBLIC AND PRIVATE TENDER AGREEMENTS 

1. Sponsorship Arrangements 

The Companies’ Sponsorship Agreements will be based on the following principles: 

 

	 	•	 	 Venue Sponsorship. Where a Company sponsors venues (e.g., sports stadia, theme parks), it will not require or provide payments or
other incentives conditioned on agreement that non–TCCC–Branded CSDs will not be available in the venue, other than in respect to the sponsoring brands or flavour categories. 

 

	 	•	 	 Event Sponsorship. Where a Company sponsors events that are limited in duration (e.g., sporting events, festivals), exclusive CSD
supply rights for the full range of that Company’s CSDs may be linked to the sponsorship agreement. This exclusion will apply only to events that do not exceed sixty days per year, which need not be consecutive. 

2. Public and Private Tender Agreements 

The Companies’ Public and Private Tender Agreements will be based on the following principles: 

 

	 	•	 	 Public Tender Agreements. Each Company may compete for and enter into Public Tender Agreements containing exclusive CSD supply rights.

  

	 	•	 	 Private Tender Agreements. Each Company may compete for and enter into Private Tender Agreements containing exclusive CSD supply rights,
provided that the duration of any such arrangements is limited to a maximum of five years and gives the customer an annual option to terminate the agreement without penalty following an initial term not exceeding three years. A Company will not
enter into any Private Tender Agreement that, at the time of contracting, causes any exclusive CSD supply rights contained in its Private Tender Agreements, in the aggregate, to represent more than 5% of that Company’s annual CSD sales in the
On–Premise Channel. Each Company will maintain a complete record of Private Tender Agreements that, upon request, it will provide to the Commission. 

E. TECHNICAL EQUIPMENT PLACEMENT 

The commitments in this section will be applicable to commercial arrangements concerning the installation and use of technical equipment,
other than as agreed in Sponsorship Agreements and Public and Private Tender Agreements, to the exclusion of any inconsistent provisions in this Undertaking. 
  

 –8– 

 1. Beverage Coolers 

The Companies’ policies for the placement of Beverage Coolers will be based on the following principles: 

 

	 	•	 	 Rent–Free Placement. Where a Company provides a Beverage Cooler on a rent–free basis, a customer may be required to stock that
Beverage Cooler only with beverages distributed by the Company placing the equipment, provided the customer has other installed chilled beverage capacity in the outlet to which the consumer has direct access and which is suitable for stocking CSDs
other than those of the Company. Where a Beverage Cooler is provided on a rent–free basis and the customer does not have other installed chilled beverage capacity in the outlet to which the consumer has direct access and which is suitable for
stocking CSDs other than those of the Company, the customer will be free to use at least 20% of that Beverage Cooler’s capacity for any products of its choosing. 

 

	 	•	 	 Rental Placement. Where a Company provides a Beverage Cooler in exchange for rental payments, a customer will be free to stock any
products of its choosing in at least 20% of the capacity of the rented Beverage Cooler. 

  

	 	•	 	 Purchase Placement. Where a customer purchases a Beverage Cooler from a Company or a cooler manufacturer to which a Company refers the
customer, that customer will be free to stock the purchased Beverage Cooler with any products of its choosing. 

2. Fountain Dispensers 

The Companies’ policies for the placement of fountain dispensers will be based on the following principles: 

 

	 	•	 	 Competing Dispensers. The Companies will not require or provide payments or other incentives for a customer to refrain from placing
competing fountain dispensers or packaged CSDs on any premises. 

  

	 	•	 	 Limited Contractual Duration. The duration of purchase commitments for products sold through fountain dispensers provided by each Company
will not exceed three years. 

  

	 	•	 	 Customer Option To Terminate. Customers will have the option to terminate such purchase commitments without penalty with effect at any
time following an initial term not exceeding two years. A Company may require a customer to provide up to three months’ written notice of its intention to exercise that option. 

3. Vending Machines 

No agreement under which a Company provides CSD vending machines to a customer (i.e., where the vending machine is provided either
directly to an outlet or to an independent vending operator or wholesaler) will require or provide payments or other incentives for the customer to refrain from placing competing vending machines on any premises. 

 

 –9– 

 III. IMPLEMENTATION 

A. ENTIRE AGREEMENT 

This Undertaking comprises the entire extent of the Companies’ commitments to or agreements or understandings with the European
Commission and supersedes all prior undertakings entered into or agreements or understandings with the European Commission by any of the Companies. 

B. SCOPE OF APPLICATION 

The Companies will be bound by this Undertaking. 

To ensure that this Undertaking is implemented by all Bottlers in all Countries, TCCC will use its best efforts to ensure that, within 90
days of the Effective Date, all such Bottlers (other than the Companies) sign both this Undertaking and a Bottler’s Agreement committing them to abide by the Undertaking’s terms if and as it applies to Countries and Channels in which they
sell TCCC–Branded CSDs. Such best efforts will include informing each such Bottler that, should it fail to sign both the Undertaking and a Bottler’s Agreement committing it to abide by its terms, TCCC will exercise its right to terminate
the relevant Bottler’s Agreement. In the event that any such Bottler does not sign both this Undertaking and a Bottler’s Agreement committing it to abide by the Undertaking’s terms, TCCC will serve written notice terminating the
relevant Bottler’s Agreement within 120 days of the Effective Date. 
 TCCC will use its best efforts to procure, by the
Full Implementation Date, the commitment of all Bottlers (other than the Companies) that are not subject to the Undertaking, by reason of the fact that their respective territories in the Relevant European Countries are not Countries, to implement
this Undertaking immediately on their territories in the Relevant European Countries becoming Countries. Such best efforts will include informing each such Bottler that, should it fail to sign both the Undertaking and a Bottler’s Agreement
committing it to abide by its terms, TCCC will exercise its right to terminate the relevant Bottler’s Agreement. In the event that any such Bottler does not sign both this Undertaking and a Bottler’s Agreement committing it to abide by the
Undertaking’s terms, TCCC will serve written notice terminating the relevant Bottler’s Agreement within 30 days of the Full Implementation Date. 

Any company that becomes a Bottler in a Country after the Effective Date will be required, as from the date of becoming a Bottler, to
comply with this Undertaking and, notwithstanding Section III.C below, to implement the terms of this Undertaking immediately. Any company that, after the Effective Date, becomes a Bottler in a Relevant European Country that is not a Country because
the applicable thresholds are not met will be required, as from the date of becoming a Bottler, to sign both this Undertaking and a Bottler’s Agreement committing it to abide by the Undertaking’s terms and, notwithstanding Section III.C
below, to implement the terms of this Undertaking immediately on their territory becoming a Country. 
 Upon committing to
implement the terms of this Undertaking, any non–Company Bottler in a Country will be treated as a Company for purposes of this Undertaking. 
  

 –10– 

 C. IMPLEMENTATION TIMEFRAME 

Upon a Country or Channel becoming subject to this Undertaking on the Coverage Date, each Company will comply with this Undertaking as set
forth below. Each Company will be responsible for ensuring its compliance with the Undertaking. 
 1. New Agreements

 All New Agreements will comply with this Undertaking. 

2. Existing Agreements 

All Existing Agreements will be brought into compliance with this Undertaking by: (1) in respect of the Companies, the Full
Implementation Date; (2) in respect of non–Company Bottlers in Countries, the Full Implementation Date; and (3) in respect of Bottlers active in a Country or a Channel that becomes subject to this Undertaking on the basis of the
information contained in a report provided to the European Commission pursuant to Section III.E.2. of this Undertaking, no later than the end of the calendar year in which such report is submitted, unless the report is submitted after June 30,
in which case the relevant Bottler will have nine months from the date on which the report is submitted to bring all existing agreements in a Country or Channel into compliance with this Undertaking. 

D. CHANGES IN APPLICABILITY 

Where a Country or Channel ceases to be subject to this Undertaking because the applicable thresholds are no longer met, the relevant
provisions of the agreements of the Company in question will not be subject to this Undertaking from the date on which the reports referred to in Section III.E.2 below are provided to the Commission. 

E. REPORTING 

1. Notice of Third Party Actions 

Each Company will provide the Commission with written notice promptly upon becoming aware that any third party has commenced an action
before a competent regulatory authority or court alleging that it has violated any of the terms of this Undertaking. 
 2.
Scope 
 Each Company will be responsible for identifying among its territories in Relevant European Countries those
Countries and Channels to which this Undertaking will be applicable. 
 TCCC will provide the European Commission annually with
written reports listing such Channels and Countries. Such reports will be accompanied by the market share information (currently available from A.C. Nielsen and Canadean Limited) on which they are based and an explanation of the conclusions reached
as to the application of this Undertaking. 
 TCCC will deliver such written reports to the European Commission within 30 days
of the publication of the market share information (currently available from A.C. Nielsen and Canadean Limited) on which those reports are based. 
  

 –11– 

 3. Compliance Certification 

Each Company will provide annually a written report describing steps taken by that Company to comply with this Undertaking. Such
statements shall also confirm that the reporting Company has implemented a compliance program according to which it has made the Undertaking known to all of its management and commercial employees and that all such employees are familiar with the
terms of this Undertaking. Such reports will be delivered to the European Commission on or before March 31 of each year. 

F. PUBLICITY 

1. Scope of Application 

TCCC will publish and keep updated on its website a list of those Countries and Channels to which this Undertaking is applicable.

 2. Provisions of Undertaking 

Each Company will use its best efforts to ensure that this Undertaking is made known to and is understood by its customers and other
industry participants. Such efforts shall include two specific measures: 
  

	 	•	 	 General Terms and Conditions of Sale. The general terms and conditions of sale of each Company will state expressly on the back of
invoices for all agreements, other than Sponsorship Agreements and Public and Private Tender Agreements, that the Company’s customers are free to list, buy, and sell any CSD of any third party. 

 

	 	•	 	 Websites. The full text of this Undertaking and a list of Countries and Channels in which it is applicable will remain prominently
present on the website (or the parts thereof that are addressed to customers) of each Company. 

 G.
DURATION AND REVIEW 
 1. Duration 

This Undertaking will remain in force for a period of five years following the Full Implementation Date. 

2. Review 

Pursuant to Article 9(2)(a) of Council Regulation (EC) No. 1/2003, a Company may request the European Commission to reopen the
proceedings with a view to modifying this Undertaking where there has been a material change in any of the facts on which the European Commission’s decision pursuant to Article 9(1) of that Regulation is based. 

H. GOVERNING LANGUAGE 

In the event of any dispute, the English–language version of this Undertaking will be dispositive. 

 

 –12–Lease Agreement

 Exhibit 10.8 

Execution Copy 

LEASE AGREEMENT 

(Wilmington Air Park) 

THIS LEASE AGREEMENT (this “Lease Agreement”) is made and entered into to be effective as of June 2, 2010 (the
“Effective Date”), by and between CLINTON COUNTY PORT AUTHORITY, a body corporate and politic and a port authority duly organized and validly existing under the laws of the State of Ohio with an address of 1113 Airport Road,
Wilmington, OH 45177, Attention: John J. Limbert (“Landlord”), and AIR TRANSPORT SERVICES GROUP, INC., a Delaware corporation with an address of 145 Hunter Drive, Wilmington, OH 45177 (“Tenant”). 

WITNESSETH 

WHEREAS, contemporaneously herewith, Landlord has acquired title to the certain real property located in Clinton County, Ohio and
generally known as Wilmington Air Park, as more particularly described and detailed in Exhibit A attached hereto and fully incorporated herein (the “Air Park”), together with title to and/or a leasehold estate in and
possession of all improvements therein and thereon; and 
 WHEREAS, ABX Air, Inc. (“ABX”), an Affiliate (as defined
herein) of Tenant, currently occupies certain buildings within the Air Park (the “Buildings”) pursuant to that certain Wilmington Air Park Sublease between Airborne, Inc. and ABX, dated August 15, 2003 (“the ABX Sublease”);
and 
 WHEREAS, contemporaneously herewith, the ABX Sublease has been terminated, and Tenant wishes to lease and occupy the
Premises (as defined herein), which are a part of the Air Park; and 
 WHEREAS, contemporaneously herewith, ABX has entered into
the Operations Agreement (as defined herein) with Landlord with respect to the performance of certain services on behalf of Landlord for the benefit of the Air Park. 

NOW, THEREFORE, in consideration of the terms, covenants and agreements herein contained, Landlord and Tenant hereby make the following
agreement, intending to be legally bound hereby: 
 ARTICLE 1 

Definition of Certain Terms 

1.01. The term “Affiliate”, in reference to Tenant, means (a) any Person (as defined herein) who directly or
indirectly controls, is controlled by, or is under common control with Tenant; (b) any Person owning or controlling, directly or indirectly, 10% or more of the outstanding voting securities of Tenant; and (c) any officer, director, member,
manager or partner of Tenant. 

 1.02. The term “DMCPA Ground Lease” means the Amended and Restated Ground
Lease, dated as of March 1, 2005, by and between Wilmington Air Park, LLC (“WAP”), as lessor, and the Dayton-Montgomery County Port Authority (“DMCPA”), as lessee, relating to a portion of the Air Park as specified in such
ground lease. 
 1.03. The term “Fixtures” means all furniture, fixtures, machinery, equipment and trade
fixtures which Tenant may own, purchase (conditionally or otherwise) or lease and hereafter cause to be installed, maintained or kept in or otherwise at the Premises for any purpose whatsoever. 

1.04. The term “Lease Year” means the periods determined as follows: (a) the first Lease Year shall commence on the
Effective Date and shall end on the last day of the twelfth (12th) full calendar month next following the Effective Date, and (b) each Lease Year thereafter shall commence immediately following the expiration of the preceding Lease Year
and shall end on the anniversary date of the expiration of the preceding Lease Year, except that the final Lease Year shall end on the date this Lease Agreement shall expire or otherwise terminate. 

1.05. The term “Operations Agreement” means that certain Operations and Management Services Agreement (Wilmington Air
Park), of even date herewith, between Landlord and ABX, relating, among other things, to the operation, management and maintenance of the Air Park (excluding the Premises). 

1.06. The term “Person” means any individual, partnership, limited liability company, corporation, firm, joint venture,
or other entity, or any combination thereof. 
 1.07. The term “Premises” means the Buildings and/or space
within certain of the Buildings comprising, in the aggregate, five hundred thousand (500,000) square feet of space, more or less, all as identified and illustrated on Exhibit B attached hereto and fully incorporated herein,
together with the exclusive right to use two (2) two hundred forty thousand (240,000) gallon above ground aviation fuel tanks and related facilities and certain above ground vehicle fuel skid tanks, all situated at the Air Park in the
locations more specifically illustrated in Exhibit C attached hereto and fully incorporated herein (the “Fuel Tanks”); provided that, Tenant’s right to exclusive use of the Fuel Tanks under this Lease Agreement shall
continue only for so long as Tenant or an Affiliate of Tenant shall be responsible for the operation and management of the Fuel Tanks and fueling operations at the Air Park pursuant to the Operations Agreement. 

1.08. The term “WAP Lease” means the Amended and Restated Lease Agreement, dated as of March 1, 2005, by and
between DMCPA, as lessor, and WAP, as lessee, relating to a portion of the Air Park and the furniture, furnishings, fixtures and equipment as specified in such lease. 

1.09. The term “WAP/CCPA Sublease” means the Wilmington Air Park Sublease, of even date herewith, by and between WAP, as
sublessor, and CCPA, as sublessee, relating to a portion of the Air Park and the furniture, furnishings, fixtures and equipment as specified in such sublease. 
  

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 ARTICLE 2 

Creation of Leasehold 

2.01. Demise. Upon the terms and conditions set forth in this Lease Agreement, Landlord does hereby demise and let unto Tenant,
and Tenant does hereby lease and hire from Landlord, the Premises, together with the non-exclusive right to use the Common Use Facilities (as defined herein), but subject to the Reserved Easements (as defined herein) and Permitted Encumbrances (as
defined herein). 
 2.02. Common Use Facilities. As an appurtenance to Tenant’s leasehold estate in and use of the
Premises, Tenant is hereby granted the non-exclusive right to enter upon or make customary and reasonable use of, including the right to ingress to and egress from, (i) all runways, landing areas, taxiways, aprons, walkways, roadways, runway
lights, signals, and other operating aids of the Air Park and all navigation or flight easements now or hereafter granted or reserved for the benefit of Landlord, (ii) all automobile parking fields and facilities within the Air Park (limited to
the right of Tenant and its employees, agents, contractors and invitees to park in such fields and facilities on a daily basis and specifically excluding the storage of vehicles in or on said parking fields or facilities), and (iii) such other
areas of the Air Park provided and developed by Landlord for common use at the Air Park (collectively, the “Common Use Facilities”); provided that, except as otherwise permitted by Landlord in writing, the Common Use Facilities shall not
include the following Air Park facilities: (a) any buildings or other structures situated in or at the Air Park which are not part of the Premises, (b) the so-called “Welcome Center” and any improvements attendant thereto,
including parking fields and (c) any portion of the Air Park identified and defined in the Operations Agreement as “Limited Service Areas”. Tenant’s rights hereunder shall be in common with Landlord and with other persons
authorized by Landlord from time to time to use the Common Use Facilities, including members of the general public if Landlord so elects; provided, however, that Landlord shall not use, and shall not authorize any person to use, the Common Use
Facilities in any way that unreasonably interferes with the use and enjoyment of the Premises by Tenant for the purposes contemplated by this Lease Agreement. Tenant’s use of the Common Use Facilities shall be in accordance with all applicable
laws and regulations, including, without limitation, all Federal Aviation Administration (“FAA”) and all other applicable governmental regulations governing aviation and air navigation and further in accordance with any reasonable rules
and procedures adopted by Landlord from time to time governing the use of the Air Park and the Common Use Facilities. Landlord reserves the right, in its sole and absolute discretion, to make changes, at any time and from time to time, to the size,
shape, location, number and extent of the Common Use Facilities and/or to eliminate portions of the Common Use Facilities, and specifically further reserves the right to designate portions of the Common Use Facilities for the exclusive or
non-exclusive use of certain tenants and licensees, so long as such changes, eliminations and/or designations do not unreasonably interfere with the use and enjoyment of the Premises by Tenant for the purposes contemplated by this Lease Agreement.

 2.03. Maintenance of Communications Network. As an appurtenance to Tenant’s leasehold estate in and use of the
Premises, Tenant is hereby granted a non-exclusive easement during the Lease Term to utilize those areas of the Air Park outside the Premises (as more 

 

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particularly described on Exhibit D, attached hereto and fully incorporated herein) where it currently maintains fiber optic cabling and other equipment that are part of
Tenant’s telecommunications network and systems (“Tenant’s Fiber Optics Systems”) for the purposes of monitoring, testing, maintaining, repairing, upgrading, replacing and using such cabling and other equipment. Landlord and
Tenant agree to cooperate in good faith so as not to interfere with or disrupt Tenant’s Fiber Optics Systems and/or the Air Park Fiber Optics Systems (as hereinafter defined), respectively, in connection with the use and occupancy of the
Premises and the Air Park, respectively. 
 2.04. Reserved Easements. Landlord does hereby retain and reserve unto
itself, and Tenant does hereby grant and convey to Landlord: (a) non-exclusive perpetual easements over, under, across and through the Premises for the purposes of constructing, installing, reconstructing, repairing, replacing, maintaining,
testing, upgrading and using (1) underground laterals and lines to be connected to those public utilities and appurtenant works and connections which now or in the future may exist in the public thoroughfares or other portions of the Air Park
and (2) fiber optic cabling and other equipment as part of telecommunications networks and systems to be installed by Landlord or other tenants at the Air Park (the “Air Park Fiber Optics Systems”), provided, however, that
(i) such easements shall be used in such a manner as will not result in interference with the use and enjoyment of the Premises by Tenant for the purposes contemplated by this Lease Agreement and (ii) if as a result of the use of said
easements for said purposes the Premises shall be damaged, then Landlord shall promptly repair the damage and restore the Premises to its pre-existing condition; and (b) a non-exclusive perpetual avigation easement over, across and through the
Premises creating in favor of Landlord and its permitees a right of flight for the passage of aircraft in the airspace over the Premises and the right to cause in said airspace any noise inherent in the operation of any aircraft used for navigation
or flight through said airspace or landing at, or taking off from, or operations at, the Air Park (herein collectively called the “Reserved Easements”). 

2.05. “As Is” Possession. Tenant acknowledges that ABX was in sole possession of the Premises under the ABX Sublease
commencing August 15, 2003 and continuing through the Effective Date (the “ABX Prior Possession Period”). Accordingly, Tenant accepts the Premises in “As Is” condition with all faults and defects. Tenant acknowledges that
Landlord has made no representation or warranty as to the suitability of the Premises for the conduct of Tenant’s business, and Tenant waives any implied warranty that the Premises are suitable for Tenant’s intended purposes. In no event
shall Landlord be liable for any defects in the Premises or for any limitation on its use. Further, Tenant agrees that Tenant’s obligation to pay Base Rent and other sums hereunder is not dependent upon the condition of the Premises or, except
as otherwise expressly provided herein, any performance by Landlord hereunder. 
 ARTICLE 3 

Lease Term 

3.01. Lease Term. The term “Lease Term” under this Lease Agreement means the Initial Lease Term (as defined herein),
plus the Renewal Term (as defined herein), if any, plus any period during which Tenant may be a tenant-at-sufferance under Section 3.04 of this Lease Agreement, or the shorter period expiring upon the date of earlier termination of this Lease
Agreement as provided elsewhere in this Lease Agreement. 
  

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 3.02. Initial Lease Term. The initial term of this Lease
Agreement (the “Initial Lease Term”) shall commence on the Effective Date and shall continue for a period of nine (9) years and end on the ninth
(9th) anniversary of the Effective Date, unless
sooner terminated as provided elsewhere in this Lease Agreement; provided, however, that if the Effective Date is not the first day of the month, the number of days remaining in the month containing the Effective Date shall be added to the Initial
Lease Term. 
 3.03. Renewal Option. Landlord hereby grants to Tenant the right and option (the
“Renewal Option”) to extend the Initial Lease Term for one (1) additional period of three (3) years (the “Renewal Term”) beginning on the day immediately following the expiration of the Initial Lease Term, upon such
terms and conditions (including Base Rent, as defined herein) as may be agreed by Landlord and Tenant. If Tenant elects to exercise the Renewal Option, Tenant shall give to Landlord written notice of such election not less than one hundred eighty
(180) days prior to the expiration of the Initial Lease Term. In the event of such election by Tenant, Landlord and Tenant will negotiate in good faith with respect to the terms and conditions (including Base Rent) for the Renewal Term. In the
event Landlord and Tenant are unable to reach agreement on the terms and conditions for the Renewal Term prior to the sixtieth
(60th) day before the expiration of the Initial Lease
Term, then Tenant’s exercise of the Renewal Option will automatically be invalidated and the Renewal Option will expire and be of no further force or effect. 

3.04. Lease Hold-Over Provisions. If Tenant remains in possession of the Premises after the expiration of the Lease Term, Tenant
shall be deemed to be a tenant-at-sufferance at an annual Base Rent equal to one hundred fifty percent (150%) of the amount of Base Rent payable hereunder during the final Lease Year and otherwise shall comply with all of the terms and
conditions of this Lease Agreement. 
 ARTICLE 4 

Use and Operations 

4.01. Permitted Uses. Tenant covenants and agrees that it shall use the Premises and the Common Use Facilities only for its Air
Park Operations (as defined herein) and any legally permitted uses related thereto (including, without limitation, the landing, taking off, flying over, taxiing, pushing, towing, fueling, loading, unloading, repairing, maintaining, conditioning,
servicing, and parking of aircraft or other equipment). As used herein, the term “Air Park Operations” shall mean (1) the operation of a commercial air transport and related services business, (2) the maintenance, servicing,
repair, and operation of aircraft and other equipment, (3) the sale of aircraft parts and fuel, (4) the operation of a cafeteria and concession machines, fitness center and health clinic for Tenant’s employees, agents, contractors and
invitees, (5) training of personnel in connection with the operation of aircraft and related equipment, and (6) other operations that are incidental to the uses, purposes, operations and activities described in clauses
(1) through (5) above. Tenant agrees that all business and operations of Tenant must be consistent with the principal use of the Air Park as an airport, and 

 

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Tenant shall be prohibited from using the Premises for any use which (i) interferes with the use or operation of the Air Park as an airport or (ii) constitutes or creates an event of
default under, or otherwise is not in compliance with, the terms and conditions of the DMCPA Ground Lease, the WAP Lease and/or the WAP/CCPA Sublease (as the same exist as of the Effective Date or as thereafter modified, but only to the extent any
such modification has been agreed to by Tenant). 
 4.02. Restrictions. Tenant covenants and agrees that, so long as any
of the Bonds (as defined below) are outstanding, (A) no portion of the Premises will be used in a manner, and Tenant shall not use or permit the use of the Common Use Facilities in a manner, that causes the Bond Financed Property (as defined
herein) to cease to be treated as an “airport facility” within the meaning of Section 1.103-8(e) of the United States Treasury Department Regulations and (B) the Premises will at all times be used, pursuant to a lease or other
written agreement, solely by an entity that directly serves members of the general public (as a common carrier or otherwise). For this purpose, an “airport facility” is any facility (1) that is directly related and essential to
(a) the servicing of aircraft or enabling aircraft to take off and land or (b) the transferring of passengers or cargo to or from aircraft and is located at, or in close proximity to, the take-off and landing area of the airport;
(2) that is functionally related and subordinate to an airport facility described in (1) above (provided, that, a facility is treated as being subordinate to an airport facility only if it is of the character and size commensurate with the
character and size of the airport and is located at or adjacent to the airport) or (3) any storage or training facility that is directly related to an airport facility described in (1) or (2) above and is physically located on or
adjacent to such facility. For this purpose, an airport facility does not include any airplanes, skyboxes or private luxury boxes, health club facility, any facility primarily used for gambling, or any store the principal business of which is the
sale of alcoholic beverage for consumption off premises. For purposes of this Section 4.02, (x) the term “Bonds” shall mean those certain Dayton-Montgomery County Port Authority $270,000,000 Special Airport Facilities Revenue
Bonds (DHL 2007 Project), issued pursuant to the Trust Indenture, dated as of February 1, 2007 (the “Trust Indenture”), by and between the Dayton-Montgomery County Port Authority and the Bank of New York Mellon Trust Company, N.A., as
trustee (the “Trustee”), and (y) the term “Bond Financed Property” shall collectively mean all items financed or refinanced with proceeds of the Bonds. 

4.03. Air Park Procedures Manual; Current Plans and Procedures. Following the Effective Date, Landlord, in collaboration with ABX
under the terms of the Operations Agreement, intends to develop and implement, and amend from time to time: (a) a comprehensive set of rules, regulations and procedures governing the use of the Air Park; (b) a schedule of rates and charges
for operations at the Air Park; (c) minimum standards for aeronautical activities at the Air Park; (d) Air Park development standards; (e) an Air Park noise abatement program; (f) a storm water pollution prevention plan in
accordance with applicable law (the “SWPP Plan”); (g) a spill prevention control and countermeasure plan in accordance with applicable law (the “SPCC Plan”); (h) plans and procedures for de-icing operations in and at
the Air Park, including regarding the use and treatment or disposal of glycol and the location(s) and accessways for said de-icing operations (the “De-Icing Regulations”); (i) plans and procedures for security at the Air Park;
(j) emergency response and evacuation plans and procedures for the Air Park; and (k) such other Air Park matters in respect of which CCPA wishes to establish procedures (collectively, the “Air Park Procedures Manual”). As and
when 
  

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each component of the Air Park Procedures Manual is implemented by Landlord, Tenant agrees to comply with each such component thereof in connection with its use and occupancy of the Premises and
the Common Use Facilities, so long as (a) the rules, regulations and procedures set forth in each such component of the Air Park Procedures Manual do not unreasonably interfere with the use and enjoyment by Tenant and its permitted sublessees
of the Premises and the Common Use Facilities for the purposes contemplated by this Lease Agreement and (b) Tenant and such permitted sublessees are not obligated to pay to CCPA any landing fees, license fees or other use charges as may
otherwise be imposed under the Air Park Procedures Manual in connection with the Air Park. 
 In addition, until the
corresponding components of the Air Park Procedures Manual are developed and implemented, Tenant and its permitted sublessees shall comply with the rules, regulations and procedures which currently are in place in respect of the Air Park as of the
Effective Date, including, without limitation, current security programs and plans, current storm water pollution prevention plans, current spill prevention control and countermeasure plans, current plans regarding the use and treatment or disposal
of glycol and de-icing operations generally, and emergency response and evacuation plans. 
 ARTICLE 5 

Ownership of Fixtures 

All of the Fixtures shall remain the property of Tenant and shall be removable at any time, including upon the expiration of the Lease
Term; provided that Tenant shall repair any damage to the Premises caused by the removal of the Fixtures, and any Fixtures or personal property of Tenant which remain at the Premises after the expiration of the Lease Term shall be deemed abandoned
and may be disposed of by Landlord without notice at Tenant’s cost and expense to be paid by Tenant to Landlord immediately upon Landlord’s request therefor. 

ARTICLE 6 

Liens 

Tenant agrees to and shall indemnify, defend, save and hold harmless Landlord from and against any and all loss, damage, liability,
expense or claim whatsoever (including reasonable fees of attorneys, paralegals, experts, court reporters and others), arising by reason of any claim or lien, including, without limitation, any judgment lien, tax lien or vendor’s lien, or any
mechanic’s lien, laborer’s lien, materialmen’s lien, or other similar lien or claim based upon or arising out of the furnishing of materials, fuel, machinery, supplies or labor to or in respect of the Premises, and not expressly
contracted for (or authorized) in writing by Landlord. In the event any such lien is filed, Tenant shall cause any such lien to be discharged, at its sole cost and expense, within thirty (30) days after Tenant shall have notice of the existence
of the lien or any suit, action, or other proceeding to foreclose the lien or to seek execution in respect thereof, unless such lien and the claim occasioning it both are contested or litigated in good faith by Tenant, at its sole cost and expense,
and Tenant shall have posted, at its sole cost and expense, a bond (with surety) or other security reasonably satisfactory to Landlord, sufficient to insure that upon final determination of the validity of the lien or claim, any final judgment
rendered against Tenant or Landlord, together with all related costs and charges, will be fully paid. 
  

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 ARTICLE 7 

Rent and Other Payments 

7.01. Base Rent. In each Lease Year during the Initial Lease Term, Tenant shall pay to Landlord annual base rent for the Lease
Year in question as set forth below (“Base Rent”), which annual Base Rent shall be payable in advance in consecutive equal monthly installments commencing on the Effective Date and continuing on the first day of each and every calendar
month thereafter during the Initial Lease Term. 
  

			
	Lease Year	  	Annual Base Rent
		
	Lease Years 1 through 3, inclusive	  	$3,000,000.00
		
	Lease Years 4 through 6, inclusive	  	As determined below in this Section 7.01
		
	Lease Years 7 through 9, inclusive	  	As determined below in this Section 7.01

 Base Rent shall be
paid as aforesaid without demand, notice or setoff. In the event that the Effective Date shall occur on a day which is other than the first day of a calendar month, then the installment of Base Rent payable by Tenant on the Effective Date shall be
an amount equal to the product which is obtained when (a) the per diem amount of Base Rent which Tenant is obligated to pay to Landlord hereunder during the first Lease Year is multiplied by (b) the number of days which elapse during the
period from (and including) the Effective Date to (but excluding) the first day of the calendar month next succeeding the month in which the Effective Date occurs. 

Base Rent shall increase on the first day of (a) the fourth (4th) Lease Year and the (b) the seventh (7th) Lease Year
(each, an “Adjustment Date”) and shall be determined on each Adjustment Date by multiplying the annual Base Rent for the first Lease Year by a fraction, the numerator of which is the Index (as defined herein) in effect for the month of
March immediately preceding the Adjustment Date and the denominator of which is the Index in effect for March, 2010 (which is 133.096). 

As used in this Lease Agreement, the term “Index” shall mean the United States Department of Labor, Bureau of Labor Statistics,
Consumer Price Index - All Urban Consumers, Series ID CUURX200SAO, Not Seasonally Adjusted, Area: Midwest Size Class B/C, Item: All Items, Base Period: December 1996 = 100 (the “Index”). If the Index at any time during the Lease Term
has changed so that the base year of the Index differs from the base year initially used by the parties, the Index shall be converted in accordance with the conversion factor published by the United States Department of Labor, Bureau of Labor
Statistics. If the Index is discontinued or revised during the Lease Term, such other government index or computation with which it is replaced shall be used in order to obtain substantially the same result as would be

  

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obtained if the Index has not been discontinued or revised. Notwithstanding the foregoing, and except as provided in Section 7.02 below, in no event shall the adjusted Base Rent due during
any Lease Year be less than the Base Rent due during the prior Lease Year. 
 Base Rent for the Renewal Term, if any, shall be
agreed upon by the parties in accordance with Section 3.03 hereof. 
 7.02 Base Rent Adjustments Resulting From Changes
in Air Park Occupancy. Landlord and Tenant recognize that Base Rent hereunder constitutes what is commonly referred to as “gross rent” which includes a component representing Landlord’s recovery of expenses relating to the
operation, maintenance and repair of the areas of the Air Park that are not included in the Premises. As of the Effective Date, such annual Air Park operating expenses amount to $1,424,096 (which amount of $1,424,096, as hereafter adjusted in the
same manner and at the same times as Base Rent is adjusted as provided in Section 7.01 of this Lease Agreement, is herein referred to as the “Expense Component”). As occupancy of the Air Park changes from time to time during the Term,
Landlord and Tenant have agreed to adjust Base Rent in the manner provided in this Section 7.02, to reflect a reallocation of the Expense Component among the Air Park tenants. Accordingly, Landlord and Tenant hereby agree as follows:

  

	 	(A)	Increases in Occupancy. In the event that a new tenant leases space in the Air Park (or a then-existing tenant leases additional space in the Air Park), then,
effective as of the date that such new or then-existing tenant commences the payment of rent for such newly-leased space, Base Rent hereunder shall be reduced by an amount equal to the product of the Expense Component and a fraction, the numerator
of which is the number of newly-leased square feet and the denominator of which is the total number of square feet of then-leasable space in the Air Park. As of the Effective Date, the parties hereby agree that the Air Park includes 1,900,967 square
feet of leasable space. 

  

	 	(B)	 Decreases in Occupancy. In the event that Base Rent is reduced in accordance with Section 7.02(A) and one or more tenants
subsequently vacate space in the Air Park, resulting in the Landlord’s gross revenues arising from its ownership and operation of the Air Park being less than its total expenses incurred therefrom for the same period (an “Operating
Deficit”), then, upon the request of Landlord, Landlord and Tenant shall negotiate in good faith with respect to an increase in the Base Rent to the extent required in order to alleviate such Operating Deficit, with the understanding that any
resulting increase shall not result in the Base Rent exceeding that amount which it otherwise would have been in the absence of prior reductions in accordance with Section 7.02(A). In the event that Base Rent is increased in accordance with
this Section 7.02(B) and, thereafter, Landlord’s gross revenues arising from its ownership and operation of the Air Park begin to exceed its total expenses incurred therefrom for the same period due to a reduction in such expenses, then
Landlord shall promptly notify Tenant thereof and the Base Rent shall be reduced on an equitable basis, with the understanding that any resulting decrease shall not result in the Base Rent being lower than that amount which it otherwise would have
been in the absence of the prior increase agreed upon in accordance with this Section 7.02(B). In conjunction with the negotiations between the parties in accordance with this Section 7.02(B), Landlord shall make available to Tenant upon
request supporting documentation relating to such Operating Deficit and any such 

  

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other information relating to the Operating Deficit as Tenant may reasonably request. Any increase or subsequent decrease in the Base Rent, as well as the effective dates thereof, in accordance
with this Section 7.02(B) shall be documented in writing and signed by both parties. 

 Monthly
installments of Base Rent payable under this Lease Agreement shall be prorated, as appropriate, for the month during which any adjustment to Base Rent under this Section 7.02 occurs. 

7.03. Late Payments. If Tenant is delinquent in any monthly installment of Base Rent or any other sums due hereunder for more than
ten (10) days after such installment or sum is due, Tenant shall pay to Landlord a late charge equal to five percent (5%) of such delinquent sum. Landlord and Tenant hereby agree that any such late charge represents a fair and reasonable
estimate of the costs which Landlord will incur by reason of late payment by Tenant. The provision for such late charge shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as a
penalty or as limiting Landlord’s remedies in any manner. 
 ARTICLE 8 

Taxes, Assessments, Utilities 

8.01. Taxes and Assessments. Tenant shall be responsible for and shall pay, when due, all intangible, personal, sales and personal
property taxes in connection with the Fixtures and/or any other property or fixtures now or hereafter situated at the Premises and owned by Tenant. Landlord will pay all real property taxes and assessments due in connection with the Air Park,
including the Premises. Tenant shall have no right to initiate any protest regarding real property taxes or assessments in connection with all or any part of the Air Park. 

8.02. Utilities. Tenant shall pay for all water, gas, electricity, heat, light, power, telephone, sewer, sprinkler services,
refuse and trash collection, and other utilities and services pertaining to the Premises, including all maintenance charges for utilities used on or at the Premises, and any storm sewer charges or other similar charges for utilities imposed by any
governmental entity or utility provider pertaining to the Premises. Tenant shall, at Tenant’s expense, endeavor in good faith to cause any of said services to be separately metered and charged directly to Tenant by the provider, if and as
reasonably practical to do so and without undue expense to either party. Tenant and Landlord each shall pay their respective shares of all charges for jointly metered utilities based upon respective consumption, as reasonably and jointly determined
by Landlord and Tenant. Neither Landlord nor Tenant shall be liable to the other for any interruption or failure of utilities or any other service to the Premises or the Air Park, respectively, and no such interruption or failure shall result in the
abatement of rent hereunder or otherwise permit Tenant to terminate this Lease Agreement. 
  

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 ARTICLE 9 

Security Deposit 

Tenant shall deposit with Landlord on the date hereof a security deposit in the amount of Fifty Thousand Dollars ($50,000.00) (the
“Security Deposit”), which shall be held by Landlord as security for the prompt, full and faithful performance by Tenant of the terms and provisions of this Lease Agreement. If Tenant commits a default, Landlord may use or apply the whole
or any part of the Security Deposit for the payment of Tenant’s obligations hereunder. The use or application of the Security Deposit shall not prevent Landlord from exercising any other right or remedy available to Landlord and shall not be
construed as liquidated damages. If the Security Deposit is reduced by such use or application, Tenant shall deposit with Landlord within ten (10) days after written notice, an amount sufficient to restore the full amount of the Security
Deposit. Landlord shall not be required to keep the Security Deposit separate from Landlord’s general funds or pay interest on the Security Deposit. Any remaining portion of the Security Deposit shall be returned to Tenant after Tenant has
vacated the Premises in full compliance with the terms of this Lease Agreement. 
 ARTICLE 10 

Environmental Requirements 

10.01. General. Other than in compliance with applicable Environmental Laws (as defined herein), Tenant shall not:
(a) permit, cause or suffer any Hazardous Material (as defined herein) to be used, generated, manufactured, produced, stored, brought upon, managed or Released (as defined herein) in, on, under or from the Premises or the Common Use Facilities,
or (b) store or use, or permit the storage or use of, any Hazardous Material in or about the Premises or the Common Use Facilities. In operating its business on the Premises and in the Common Use Facilities, Tenant shall comply with all
applicable Environmental Laws and will obtain, comply with, and properly maintain all permits and licenses or applications required by Environmental Laws for its operations. 

10.02. Terms. For the purposes of this Lease Agreement: 

(A) “Environmental Laws” means any one or all of the following as the same are amended from time to time: the Comprehensive
Environmental Response, Compensation, and Liability Act; the Resource Conservation and Recovery Act; the Toxic Substances Control Act; the Federal Water Pollution Control Act; the Federal Hazardous Materials Transportation Act; the Safe Drinking
Water Act; the Clean Water Act; the Clean Air Act; any other laws (whether enacted by local, state, federal or other governmental authorities) now in effect or hereinafter enacted that deal with the regulation or protection of the environment,
including the ambient air, ground water, surface water, and land use, including sub-strata land; and any regulations promulgated in connection with or under any of the foregoing. 

(B) “Hazardous Material” shall mean all substances, materials, wastes, pollutants or contaminants that are, or that become,
regulated under or classified as hazardous or toxic under any applicable Environmental Laws and all petroleum products, including, without limitation, gasoline, kerosene, diesel fuel, airplane fuel and like substances. 

 

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 (C) “Release” and “Released” shall mean any releasing, spilling,
leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, disposing, or dumping of any Hazardous Material into the environment. 

10.03. Indemnity. 

(A) Tenant shall indemnify, defend, and hold Landlord and its officers, directors, agents and employees (together, the “Indemnified
Parties”), harmless from and against any and all manner of losses, claims, demands, actions, suits, damages (including, without limitation, punitive damages), fines, penalties, administrative and judicial proceedings, judgments, settlements,
expenses (including, without limitation, reasonable consultant fees, attorneys’ fees, or expert fees) and/or costs (collectively, the “Indemnified Exposures”) which are brought or recoverable against, or suffered or incurred by,
Landlord or the Indemnified Parties as a result of (i) Tenant’s failure to comply with the provisions of this Article 10, (ii) the Release by Tenant or any Person acting through or on behalf of Tenant of any Hazardous Materials in,
on, under, or from the Premises or the Common Use Facilities during the Lease Term and/or during the ABX Prior Possession Period for which remediation is required under applicable Environmental Laws and (iii) any noncompliance with
Environmental Laws caused by Tenant or ABX within the Air Park during the Lease Term or during the ABX Prior Possession Period, regardless of whether Tenant had knowledge of any of the foregoing. 

(B) Without limiting the foregoing, if any condition covered by Tenant’s indemnification obligations set forth in
Section 10.03(A) occurs (each an “Environmental Indemnification Condition”), then (a) Tenant shall, at its sole cost and expense, promptly take all actions as are reasonably necessary to return the Premises or the Common Use
Facilities, as the case may be, or any improvements thereon (and the Air Park, to the extent applicable) in all material respects to the condition required by applicable Environmental Laws; provided, that Landlord’s approval of such actions
shall first be obtained, which approval shall not be unreasonably withheld, conditioned or delayed; and (b) if, due to a Release of Hazardous Materials by Tenant or any Person acting through or on behalf of Tenant during the Lease Term or
during the ABX Prior Possession Period, a governmental authority determines that site investigation, site assessment and/or a cleanup plan must be prepared or that a cleanup should be undertaken on or surrounding the Premises or the Common Use
Facilities or in any improvements thereon due to any such Release by Tenant or any Person acting through or on behalf of Tenant, then, subject to the terms of this Article 10, Tenant shall, at its sole cost and expense, prepare and submit the
required plans and financial assurances, and carry out the approved plans; provided that, Tenant shall have the right to participate with Landlord in all discussions and communications with such governmental authority with respect to such matters
and the right to contest in good faith and with diligence any such determination by such governmental authority, and to assert claims against any third party. Anything contained in this Agreement to the contrary notwithstanding, Tenant shall have no
responsibility or liability under this Agreement for cleanup or any other action relating to a Release of Hazardous materials in, on or under, or from the Premises or the Common Use Facilities occurring prior to the ABX Prior Possession Period.

  

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 (C) The following terms shall apply to any and all Indemnified Exposures claims made by
Landlord against Tenant relating to any Environmental Indemnification Condition under this Lease Agreement: 
  

	 	(i)	Prior to asserting any such Indemnified Exposures claim against Tenant, Landlord shall provide to Tenant: (a) prompt, written notice of such Indemnified Exposures
claim with sufficient detail so as to permit Tenant to understand the nature of such claim, and (b) if curable, a reasonable opportunity for Tenant to cure the same by causing action to be taken to remedy or otherwise address the Environmental
Indemnification Condition (and/or the consequences thereof, including, without limitation, fines or penalties) which gives rise to such Indemnified Exposures claim. 

 

	 	(ii)	Landlord’s claims relating to Indemnified Exposures shall be limited to Indemnified Exposures arising out of or relating to any one or all of the following:
(a) any claims, actions, suits, proceedings or demands instituted or asserted by a third party, including, without limitation, by a governmental authority having jurisdiction; (b) one or more Environmental Indemnification Conditions that
materially interfere with any bona fide then-existing use or reasonably anticipated use of the Premises and/or the Air Park by Landlord or its employees, agents, tenants or invitees; (c) one or more Environmental Indemnification Conditions that
reasonably do or could adversely affect the health, safety or welfare of the public or any user of or invitee at the Air Park taking into account any applicable standards for such health, safety and public welfare considerations included in the
applicable Environmental Laws; or (d) one or more Environmental Indemnification Conditions which Landlord is required by applicable Environmental Laws to address; and 

 

	 	(iii)	 Landlord’s claims relating to remediation of an Indemnified Environmental Condition shall be limited to those costs reasonably necessary to attain
Ohio EPA Voluntary Action Program standards applicable to the current “Land Use and Activities” category for the Premises and/or the affected Common Use Facilities, as the case may be, as that term is defined in Ohio Administrative Code
3745-300-08(C)(2)(c)(iii)(March 1, 2009 edition), with no use of groundwater for any 

  

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purpose other than monitoring and no use of subsurface structures for human occupancy, and not for any other more superior uses or more stringent standards. 

(D) The indemnification and hold harmless obligations of Tenant under this Section 10.03 shall survive any expiration or termination
of this Lease Agreement, any renewal, expansion or amendment of this Lease Agreement and/or the execution and delivery of any new lease with Tenant covering all or any portion of the Premises or the Air Park. The term “Indemnified
Exposures” shall include, without limitation, necessary costs incurred in connection with any investigation of on-site conditions or off-site conditions directly relating to Releases of Hazardous Materials by Tenant or its permitted sublessees
from the Premises or the Common Use Facilities or any necessary cleanup, remediation, removal or restoration work required by an Environmental Law because of any matter covered by Tenant’s indemnification under this Section 10.03.

 10.04. Reporting. Tenant, at Tenant’s own cost and expense, shall make all submissions to, provide all
information to, and comply with all applicable requirements of the appropriate governmental authorities as required of Tenant under applicable Environmental Laws. At no cost or expense to Landlord, Tenant shall promptly provide information
reasonably requested by Landlord that is in Tenant’s possession or subject to its control to (a) determine the applicability of the Environmental Laws to the Premises or operations conducted thereon, or (b) respond to any governmental
inquiry or investigation or to respond to any claim of liability by third parties which is related to environmental conditions in connection with the Premises. 

Tenant shall promptly notify Landlord of any of the following: (a) any correspondence or communication from any governmental
authority regarding the application of Environmental Laws to the Premises or Tenant’s operations on the Premises or at the Air Park, (b) any change in Tenant’s operations on the Premises or at the Air Park that will change
Landlord’s obligations or could increase or reasonably be expected to increase Tenant’s or Landlord’s obligations or liabilities under Environmental Laws and (c) any incidents occurring in or at the Premises and/or any other
areas within the Air Park regarding Hazardous Material, including, without limitation, any Release of Hazardous Material. At any time Tenant submits any filing or required documentation pertaining to investigations or violations relative to
Hazardous Materials situated in or on or Released from the Premises or the Common Use Facilities to any governmental authority (other than the Internal Revenue Service), including, by way of example but not in limitation, the FAA, the Environmental
Protection Agency or any similar State of Ohio agency or department, Tenant shall provide duplicate copies of the filing(s) made, along with any related documents, to Landlord. 

At Landlord’s request upon or promptly after expiration, termination or cessation of this Lease Agreement for any reason, Tenant
shall make available to Landlord, at Landlord’s expense, for copying all environmental inspections, reports or other documentation related to compliance with, or activity related to compliance with, Environmental Laws at or about the Premises
or the Common Use Facilities. 
 10.05. Landlord Assessments. In accordance with the provisions of Article 21 hereof,
Landlord shall have such access to, and a right to perform such inspections and tests of, 
  

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the Premises as it may reasonably require to determine compliance with Environmental Laws and Tenant’s obligations hereunder. Such inspections and tests shall be conducted at Landlord’s
expense, unless such inspections or tests document, that Tenant has violated any Environmental Laws and/or the terms of this Lease Agreement, in which case Tenant shall, upon demand, reimburse Landlord for the reasonable cost of such inspection and
tests documenting Tenant’s non-compliance. At the expiration or earlier termination of this Lease Agreement, Landlord shall have the right, at its option and at Landlord’s sole cost and expense, to undertake an environmental assessment of
the Premises. Landlord and Tenant agree that Landlord’s receipt of or satisfaction with any environmental assessment in no way waives any rights that Landlord holds against Tenant or any defenses that Tenant holds against Landlord. 

10.06 Related Tenant Obligations. As soon as reasonably practicable after the Effective Date: (A) Tenant, at its sole cost
and expense, shall cease to use and shall mechanically plug (or reroute to the sanitary sewer if proper governmental approvals are obtained and maintained at no expense to Landlord) all indoor floor drains within the Premises that currently do or
could discharge directly or indirectly to the storm sewer system at the Air Park; (B) Landlord and Tenant shall work cooperatively to effect, if and as reasonably practical to do so and without undue expense to either party, possible changes to
the current City of Wilmington WWTP Permit No. 1015-09 for sanitary sewage discharges, including, without limitation, to establish procedures and protocols to separately measure, and/or to obtain a separate permit for, discharges by Tenant into
the City of Wilmington sanitary sewer system; and (C) Landlord and Tenant shall work collaboratively to determine the necessity and/or appropriateness of Tenant obtaining its own Industrial Activities Stormwater Permit from Ohio EPA relating to
Tenant’s activities in or on the Premises and/or the Common Use Facilities. 
 ARTICLE 11 

General Indemnification 

11.01. General Indemnification Obligations. To the fullest extent permitted by law, and in addition to and not in limitation of
any other indemnification provisions set forth in this Lease Agreement, but subject to the provisions of Section 12.03 hereof, Tenant shall indemnify, defend and hold harmless Landlord from and against: (i) any loss, liability, or damage
suffered or incurred by Landlord arising from or in connection with (a) Tenant’s use or occupancy of the Premises and/or Tenant’s performance of its responsibilities under this Lease Agreement (other than losses, liabilities or
damages that actually are covered by the insurance policies described in Section 12.02 hereof), or (b) the non-performance of the terms of this Lease Agreement to be performed by Tenant; (ii) any loss, liability, or damage suffered or
incurred by Landlord on account of injury to Person or property or from loss of life sustained in, on, or about the Premises or the Air Park resulting from the willful misconduct or negligent act or omission of Tenant or of its employees or from any
act or omission of Tenant or of its employees that violates applicable laws; and (iii) all actions, suits, proceedings, demands, assessments, judgments, costs and expenses (including reasonable attorney’s fees) directly relating to the
foregoing. In the event that a claim for indemnification results from or arises out of a circumstance described in Section 10.03 and such claim could also be asserted under this Article 11, then such claim shall be brought under, and be subject
to the conditions of, Section 10.03. 
  

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 11.02. Claims Procedures. In the event that any claim is asserted, or any action or
proceeding is instituted, against Landlord by reason of any event or occurrence in respect of which Tenant is to provide indemnity as provided in Section 11.01 of this Lease Agreement: 

(A) Tenant shall, if requested in writing by Landlord, cause such claim, action or proceeding to be resisted, defended and resolved, at
the Tenant’s sole cost and expense, and by legal counsel to be approved by Landlord, which approval shall not be unreasonably withheld or delayed; or 

(B) In the event that Tenant shall fail to engage legal counsel within thirty(30) days after the written request contemplated by clause
(A) above, Landlord may cause such claim, action or proceeding to be resisted and defended by legal counsel designated by Landlord, in which event Tenant shall reimburse Landlord, upon demand made from time to time, for the costs thereby
incurred by Landlord (including the reasonable fees of attorneys, paralegals, experts, court reporters and others) and actual amounts paid to resolve any such claim, action or proceeding. 

ARTICLE 12 

Insurance 

12.01. Tenant’s Insurance. Tenant shall obtain and maintain in full force and effect throughout the Lease Term, at
Tenant’s expense, the following insurance: 
 (A) Commercial general liability (CGL) and, if necessary, commercial umbrella
insurance, with liability limits of not less than Five Million Dollars ($5,000,000) combined single limit coverage. If such CGL insurance contains a general aggregate limit, it shall apply separately to the Premises. Such CGL insurance shall be
provided pursuant to a stand-alone policy or as part of a commercial aviation liability policy and shall cover liability on an occurrence basis arising from premises, operations, independent contractors, products-completed operations, personal and
advertising injury and liability assumed under an insured contract. 
 (B) Automobile Liability insurance with liability limits
of not less than Five Million Dollars ($5,000,000) combined single limit per accident (without annual aggregate) for bodily injury and property damage. Defense costs shall apply in addition to the limit of liability. Coverage shall include
contractual liability and shall apply to owned, leased, hired and non-owned autos, both on and off the Air Park. 
 (C)
Statutory workers’ compensation coverage as required by the State of Ohio and employer’s liability with limits of not less than One Million Dollars ($1,000,000) bodily injury by accident, One Million Dollars ($1,000,000) bodily injury by
disease, and One Million Dollars ($1,000,000) bodily injury by disease, each employee. 
 (D) Commercial property insurance
covering the Fixtures. Such insurance shall cover the perils covered under the ISO special causes of loss form (CP 10 30) and shall cover the replacement cost of the property insured. 

 

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 Tenant shall cause Landlord, WAP, DMCPA, and the Trustee to be identified, by endorsement,
as additional insureds in connection with any and all insurance policies (other than the commercial property insurance policy, workers’ compensation policies, and employer’s liability policies) provided for under this Lease Agreement and,
upon Landlord’s request, shall deliver or cause to be delivered to Landlord evidence of said insurance coverages in the form of appropriate certificates of insurance and endorsements to the underlying policies. Such policies and certificates of
insurance shall provide that Landlord will be notified in writing at least thirty (30) days prior to the cancellation, material change or non-renewal of any such insurance policy. 

12.02. Landlord’s Insurance. Landlord shall obtain and maintain in full force and effect throughout the Lease Term, at
Landlord’s expense (except as herein provided), commercial property insurance covering the Air Park, including the Buildings. Such insurance shall cover the perils covered under the ISO special causes of loss form (CP 10 30) and, as to
Buildings in which the Premises are situated, shall cover the replacement cost of the Buildings insured. Tenant shall reimburse Landlord for its proportionate share of the premiums paid by Landlord for the commercial property insurance covering the
Building(s) in which the Premises are located, such proportionate share to be determined on a Building-by-Building basis and to be equal to the product of (i) the amount of the premium paid by Landlord in connection with the pertinent insured
Building and (ii) a fraction, the numerator of which is the number of square feet of leasable space occupied by Tenant under this Lease Agreement in the pertinent insured Building and the denominator of which is the total number of square feet
of leasable space contained in the pertinent insured Building. Such reimbursement shall be made not later than fifteen (15) days following a written request therefor from Landlord accompanied by evidence of payment of such premium and a
calculation of the amount of the requested reimbursement. 
 12.03. Waiver of Subrogation. Landlord and Tenant hereby
waive recovery of damages against each other for loss or damage to their property to the extent the same is or could be covered by the commercial property insurance required in Sections 12.01 and 12.02 above. Because the provisions of this
Section 12.03 preclude the assignment of any claim mentioned herein, by way of subrogation or otherwise, to an insurance company or any other person, each party to this Lease Agreement shall give to each insurance company which has issued to it
one or more policies of commercial property insurance notice of the terms of the mutual releases contained in this Section 12.03, and have such insurance policies properly endorsed, if necessary, to prevent the invalidation of insurance
coverages by reason of these mutual releases. 
 ARTICLE 13 

Maintenance and Repair; Alterations; Signage 

13.01. Maintenance and Operation. Tenant shall, at its sole cost and expense, cause the Premises at all times during the Lease
Term to be operated, maintained and repaired in good condition and repair and in compliance with all present and future laws, codes, rules, orders, ordinances, regulations, statutes and requirements of any federal, state, county, or other
governmental entity having jurisdiction, including, without limitation, the Americans with Disabilities Act of 1990. Tenant shall not use, permit or suffer the use of the Premises, the Common Use Facilities or any part of either of them, for any
unlawful purpose or for any dangerous or noxious trade or business, or in violation of any occupancy permit issued in respect thereof. Tenant shall not commit, suffer or permit waste in or to the Premises or the Common Use Facilities. 

 

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 13.02. Alterations. Tenant shall not make any alterations, improvements or additions
to the Premises, unless and until Tenant has received Landlord’s prior written consent and approval of the complete plans and specifications therefor, which consent and approval shall not be unreasonably withheld, conditioned or delayed by
Landlord. All such alterations, improvements or additions shall be performed in all material respects in accordance with the approved plans and specifications. 

13.03. Signage. Tenant may, at its own expense, maintain the signage which exists on the Premises on the Effective Date. Tenant
shall not make any modifications to any signs or install any new or additional signs unless and until Tenant has received Landlord’s prior written consent and approval of the complete plans and specifications therefor, which consent and
approval shall not be unreasonably withheld, conditioned or delayed by Landlord. All such signage shall be constructed and displayed in all material respects in accordance with the approved plans and specifications and in compliance with local,
state and federal laws, ordinances and regulations. 
 ARTICLE 14 

Casualty Damage 

14.01. Landlord Election. In the event that any portion of the Premises is damaged or destroyed by fire or any other casualty
(“Casualty Damage”), Landlord may elect, at its option, by written notice to Tenant given within sixty (60) days after the occurrence of the Casualty Damage: (a) to repair and restore the Premises (but not any of the Fixtures);
(b) to effect a Partial Termination (as defined herein); or (c) to terminate this Lease Agreement. Notwithstanding the foregoing, in the event that Casualty Damage occurs to the Premises that is covered by the commercial property insurance
to be obtained and maintained by Landlord pursuant to Section 12.02 hereof, then Tenant, at Tenant’s option exercised by written notice to Landlord given within the earlier to occur of (i) sixty (60) days after the occurrence of
the Casualty Damage or (ii) ten (10) days following Tenant’s receipt of Landlord’s election not to repair and restore the Premises pursuant to Section 14.01(b) or (c) hereof, Landlord shall be obligated to repair and
restore the Premises (but not any of the Fixtures), in which case, any election by Landlord not to repair and restore the Premises pursuant to Section 14.01(b) or (c) hereof shall be deemed to have been overridden and Landlord shall be
deemed to have elected to repair and restore the Premises pursuant to Section 14.01(a) hereof (the “Tenant Override Option”). In the event that Tenant exercises the Tenant Override Option and the costs of such repair and restoration
to the Premises shall exceed $1,000,000.00, then no termination of this Lease Agreement by Tenant pursuant to Section 24.15 hereof shall be effective until the date that is at least one (1) year from the date of completion of said repair
and restoration of the Premises. 
 14.02. Restoration. In the event Landlord shall elect (or shall be deemed to have
elected pursuant to the Tenant Override Option) to repair and restore the Premises under Section 14.01(a) hereof, then (a) Landlord shall promptly commence repair and restoration of the Premises to the condition the Premises were in
immediately prior to the Casualty Damage and 
  

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diligently pursue such repair and restoration to completion and (b) this Lease Agreement shall continue in full force and effect; provided, that Base Rent shall temporarily abate from the
date of the Casualty Damage through the completion by Landlord of the repair or restoration of the Premises in order to reflect the portion of the Premises rendered temporarily unusable by the Casualty Damage and shall be determined by multiplying
the annual Base Rent then in effect by a fraction, the numerator of which shall be the number of square feet in the Premises which remain usable by Tenant during such repair and restoration and the denominator of which shall be 500,000. 

 14.03. Partial Termination. If any Casualty Damage results in the destruction of one or more of the Buildings but not
all of the Premises, Landlord may elect pursuant to Section 14.01(b) to terminate this Lease Agreement only with respect to the portion of the Premises which was materially affected by such Casualty Damage and maintain this Lease Agreement in
full force and effect with respect to the portion of the Premises not materially affected by the Casualty Damage (a “Partial Termination”). In the event of a Partial Termination, annual Base Rent shall be permanently reduced to reflect the
reduced area of the Premises and shall be determined by multiplying the annual Base Rent then in effect by a fraction, the numerator of which shall be the number of square feet contained in the Premises after such Partial Termination and the
denominator of which shall be 500,000. 
 14.04. Tenant Election Upon Substantial Damage. If Landlord has elected to
repair and restore the Premises under Section 14.01(a) or to cause a Partial Termination under Section 14.01(b) (a “Continuation Election”), but Casualty Damage is so extensive so as to result in a permanent substantial
adverse impact upon Tenant’s business conducted on or from the Premises, Tenant may elect to terminate this Lease Agreement upon written notice to Landlord together with documentation which clearly demonstrates the basis for the Tenant’s
election to terminate, which notice and supporting documentation shall be given, if at all, within twenty (20) days following receipt of the Continuation Election. 

14.05. Total Termination. In the event this Lease Agreement is properly terminated in accordance with Section 14.01(c) or
Section 14.04 of this Lease Agreement, this Lease Agreement and all rights and obligations hereunder shall terminate effective as of the thirtieth (30th) day after the party electing to terminate this Lease Agreement has provided notice of
such election to the other party. All Base Rent and other sums required to be paid by Tenant hereunder shall be apportioned and paid as of the effective date of such termination. 

ARTICLE 15 

Condemnation 

15.01. Total Condemnation. If all of the Premises are taken by any condemning authority under the power of eminent domain or
otherwise, or by any purchase or other acquisition in lieu of eminent domain or otherwise (a “Total Take”), or if Tenant has the right to and does terminate this Lease Agreement in accordance with Section 15.02(A)(i) below, then this
Lease Agreement and the Lease Term shall terminate as of the date when possession of the Premises is required by the condemning authority, and all Base Rent and other sums required to be paid by Tenant hereunder shall be apportioned and paid to the
date of such taking. 
  

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 15.02. Partial Condemnation. 

(A) In the event that only a portion of the Premises is taken or condemned by any condemning authority, Landlord shall immediately send
written notice thereof to Tenant. If said portion of the Premises so taken or condemned constitutes a “substantial portion of the Premises” as defined in Section 15.02 (C) below, then Tenant shall have the right to elect, by
written notice to Landlord within twenty (20) days after receipt from Landlord of the aforesaid notice of condemnation, either: (i) to terminate this Lease Agreement as of the date of the taking of possession by the condemning authority,
in which event the Base Rent and all other charges shall be apportioned and paid to the date of the taking, or (ii) to terminate this Lease Agreement only with respect to the portion of the Premises taken by such condemning authority and
otherwise to continue this Lease Agreement in full force and effect. In the event that any such taking or condemnation involves less than a “substantial portion of the Premises”, or if it does involve a “substantial portion of the
Premises” but Tenant makes the election set forth in clause 15.02(A)(ii) above, then Base Rent will be reduced to reflect the reduced area of the Premises and will be determined by multiplying the annual Base Rent then in effect by a fraction,
the numerator of which shall be the number of square feet contained in the Premises after the taking and the denominator of which shall be 500,000 and such reduced Base Rent will become effective upon the date of such taking. 

(B) If this Lease Agreement is not terminated as set forth in Section 15.01 or 15.02(A)(i) hereof, then the award or payment for the
taking shall be paid to and used by Landlord to restore, with reasonable dispatch, the portion of the Premises remaining, after the taking, to substantially the same condition and tenantability as existed immediately preceding the taking.

 (C) A “substantial portion of the Premises” shall be deemed to have been condemned if such condemnation relates to
a portion of the Premises the absence of which would reasonably result in a permanent substantial adverse impact upon Tenant’s business conducted on or from the Premises. 

(D) Termination of this Lease Agreement because of condemnation shall be without prejudice to the rights of either Landlord or Tenant to
recover from the condemning authority compensation and damages for the injury and loss sustained by them as a result of the taking. Landlord shall have the right to recover from the condemning authority compensation and damages for the injury and
loss sustained by Landlord as a result of the taking of the Premises, including land and any improvements. Tenant shall have the right to make an independent claim against the condemning authority for the Fixtures, interruption or dislocation of
business in the Premises, loss of good will, and for moving expenses as long as such claim by Tenant does not reduce the amount payable to Landlord. 
  

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 ARTICLE 16 

Assignment and Subletting 

16.01. Assignment. Tenant shall not assign this Lease Agreement or its rights in or to the Premises or the Common Use Facilities,
or permit the assumption of all or any part of the obligations of Tenant under this Lease Agreement, without the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed by Landlord. Notwithstanding
any such consent, and unless otherwise agreed in the pertinent assignment documentation, Tenant will remain jointly and severally liable (along with any approved assignee), and Landlord shall be permitted to enforce the provisions of this Lease
Agreement directly against Tenant and/or any assignee without being required to proceed in any way against the other. For purposes of this Section 16.01, (a) an assignment shall mean the direct or indirect sale, conveyance, mortgage,
hypothecation, pledge, transfer or assignment of this Lease Agreement by Tenant, or the assumption of Tenant’s obligations hereunder, to or by any Persons, but shall not include (i) any security interest granted by Tenant in this Lease
Agreement as required by the terms of any credit facility of Tenant and/or its Affiliates, or (ii) an assignment of Tenant’s rights under this Agreement to a successor or parent corporation in connection with any sale of substantially all
of the assets or stock of Tenant, whether via merger or otherwise and (b) a “merger” refers to any merger in which Tenant participates, regardless of whether it is the surviving or disappearing entity. 

16.02. Subletting. Tenant shall not sublease all or any part of the Premises without the prior written consent of Landlord, which
consent shall not be unreasonably withheld, conditioned or delayed by Landlord. For purposes of this Lease Agreement, a “sublease” shall include subleases, licenses, concessions, and all other possessory arrangements entered into by Tenant
in respect of the Premises. If Landlord consents to a sublease, no such subletting shall release or relieve Tenant from any of its obligations under this Lease Agreement. Notwithstanding the foregoing, the following shall be deemed to have been
consented to by Landlord as sublessees: (a) the Affiliates of Tenant which are identified on Exhibit E, attached hereto and fully incorporated herein, occupying those pertinent portions of the Premises as identified on said
Exhibit E, and (b) any relocation, from time to time and within the defined boundaries of the Premises, of the physical offices or work stations of administrative employees of Tenant or the Affiliates of Tenant identified on
Exhibit E, as amended from time to time (a “Permitted Space Adjustment”). For the avoidance of doubt, a Permitted Space Adjustment shall not include a relocation of employees of Tenant or the aforesaid Affiliates of Tenant if such
relocation causes any portion of the Premises that houses administrative offices prior to any such relocation to be used for non-administrative offices. 

ARTICLE 17 

Conveyance or Encumbrancing by Landlord 

17.01. Conveyances. Landlord shall have the unrestricted right to sell, assign, convey or transfer to any Person all or any part
of its right, title or interest in or to the Premises; subject, however, to this Lease Agreement. In the event of a sale or transfer of the Premises, Landlord (or, in the case of a subsequent transfer, the transferor) shall, after the date of such
transfer, be automatically released from all further liability for the performance or observance of 
  

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any term, condition, covenant or obligation required to be performed or observed by Landlord hereunder, and the transferee shall be deemed to have assumed all of such terms, conditions, covenants
and obligations, it being intended hereby that such terms, conditions, covenants and obligations shall be binding upon Landlord, its successors and assigns, only during and in respect of their successive periods of ownership during the Lease Term.
Upon Tenant’s request, Landlord shall deliver to Tenant copies of the recorded deed and any lease assignment executed and delivered by Landlord in connection with any such conveyance by Landlord. 

17.02. Subordination and Attornment. This Lease Agreement and Tenant’s interest and rights hereunder are and shall be subject
and subordinate at all times to the lien of any mortgage of Landlord’s right, title and interest in and to the Premises (a “Fee Mortgage”), now existing or hereafter created on or against the Air Park or the Premises, and all
amendments, restatements, renewals, modifications, consolidations, refinancing, assignments and extensions thereof, without the necessity of any further instrument or act on the part of Tenant. Tenant agrees, at the election of the holder of any
such Fee Mortgage (a “Fee Mortgagee”), to attorn to any such holder, provided that the Fee Mortgagee agrees to not disturb the possession, use or enjoyment of the Premises by Tenant, or disaffirm this Lease Agreement, so long as Tenant
shall fully perform its obligations under this Lease Agreement. Tenant agrees to execute, acknowledge and deliver, within ten (10) days following Landlord’s request therefor, such commercially reasonable instruments confirming such
subordination and attornment as shall be requested by any Fee Mortgagee. Notwithstanding the foregoing, any Fee Mortgagee may at any time subordinate its Fee Mortgage to this Lease Agreement, without notice or Tenant’s consent, and thereupon
this Lease Agreement shall be deemed prior to such Fee Mortgage without regard to their respective dates of execution, delivery or recording and in that event such Fee Mortgagee shall have the same rights with respect to this Lease Agreement as
though this Lease Agreement had been executed prior to the execution, delivery and recording of such Fee Mortgage. 
 17.03.
Notice and Cure Rights. If Tenant shall serve Landlord with any notice claiming a default or breach of this Lease Agreement by Landlord, Tenant shall serve a duplicate of said notice upon each Fee Mortgagee, provided that Tenant has received the
name and address of such Fee Mortgagees. The Fee Mortgagees shall be permitted to correct or remedy the breach or default complained of within a reasonable time after the expiration of Landlord’s time to do so and with the same effect as if
Landlord itself had done so. 
 ARTICLE 18 

Default; Termination 

18.01. Default by Tenant. Tenant shall create, and there shall exist, an event of default (herein called an “Event of
Default”) under this Lease Agreement if: 
 (A) Tenant shall fail to pay any installment of Base Rent required to be paid
by Tenant within ten (10) days after the same shall become due for payment; or 
 (B) Tenant shall fail in any material
respect to perform or comply with any other obligation of Tenant under this Lease Agreement, and such failure is not performed or corrected within thirty (30) days after notice of such default from Landlord (or, if such failure is

  

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not capable of being performed or corrected within such thirty (30) day period, if Tenant shall not commence the correction of such default within thirty (30) days after notice of such
default from Landlord and proceed with due diligence to complete such correction within a reasonable time, but in no event longer than ninety (90) days from the notice of such default); or 

(C) Tenant shall make a general assignment for the benefit of creditors, or if Tenant’s interest in the Premises is sold upon
execution or other legal process; or 
 (D) Tenant shall suffer a receiver to be appointed in any action or proceeding by or
against Tenant, and such appointment is not stayed or discharged within sixty (60) days after the commencement thereof, or if Tenant is a debtor in any insolvency proceeding conducted pursuant to the laws of any state or of a political
subdivision of any state and such proceeding is not stayed or discharged within sixty (60) days after the commencement thereof, or if Tenant shall be or become, either voluntarily or involuntarily, a debtor in any case commenced under the
provisions of the U.S. Bankruptcy Code, as amended, and such case is not stayed or discharged within sixty (60) days after the commencement thereof. 

18.02. Rights of Landlord upon Tenant’s Default. In the event that Tenant shall create or suffer an Event of Default under
this Lease Agreement, in addition to the other rights and remedies available to Landlord hereunder, in equity or at law, Landlord, at its option, shall have the following remedies: 

(A) Without cancelling or terminating this Lease Agreement or the Lease Term, Landlord shall have the right to repossess the Premises and
terminate all rights of Tenant with respect to the Premises and the Common Use Facilities, to possess the Premises and the Fixtures and each and every part thereof and to expel Tenant therefrom and to endeavor to relet all or any part of the
Premises from time to time for any unexpired part of the Lease Term. In the event of such repossession and reletting by Landlord, Landlord may collect the rents from any such reletting, applying the same first to the payment of reasonable expenses
of such repossession and reletting (the “Reletting Expenses”, which shall include attorneys’ fees, brokerage fees, expenses for redecoration, alterations and other costs in connection with preparing the Premises for new tenants) and
then as a credit against the Base Rent and additional charges due or to become due from Tenant under this Lease Agreement, with Tenant to pay to Landlord each month following any such repossession by Landlord any deficiency between Base Rent and
other sums due and payable hereunder by Tenant for such month and the amount of any rent (net of Reletting Expenses) collected by Landlord during such month from any reletting tenant. Except as expressly provided in this Section 18.02(A),
neither such termination of the right of Tenant to occupy the Premises, nor such repossession and possession by Landlord, shall relieve Tenant from its obligations to pay Base Rent and all other amounts payable by Tenant under the terms of this
Lease Agreement, and/or to perform and observe all of the obligations of Tenant under this Lease Agreement. 
 (B) Landlord
shall have the right to cancel and terminate this Lease Agreement and the Lease Term at any time (including any time after Landlord has elected to terminate Tenant’s right of possession as provided in subsection 18.02(A) of this Lease
Agreement), which termination shall not impair in any manner Landlord’s right to recover from Tenant any damages arising as a consequence of an Event of Default hereunder or such termination of this Lease Agreement; provided that, in no event
shall Tenant be liable for consequential, indirect or punitive damages. 
  

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 18.03. Landlord Right To Cure Tenant Defaults. If Tenant shall create or suffer an
Event of Default under this Lease Agreement, Landlord may (but shall not be required to) cure such default on behalf of Tenant (without thereby waiving any of the rights otherwise afforded to Landlord under Article 18 of this Lease Agreement by
reason of such default), and the amount of the reasonable cost to Landlord of curing any such default shall be paid by Tenant to Landlord on demand, together with interest thereon at a per annum rate equal to the “prime rate” of Bank of
America (as such rate is announced or disclosed from time to time), plus four percent (4%) (the “Default Rate”), or at the maximum rate of interest permitted by law if less than the Default Rate, from the date or dates of payment
thereof by Landlord. 
 ARTICLE 19 

Surrender 

Upon the exercise by Landlord of its right to obtain possession of the Premises upon the occurrence of an Event of Default hereunder, or
upon the expiration or sooner termination of this Lease Agreement, Tenant shall (i) surrender the Premises to Landlord, with all improvements, parts and surfaces thereof clean and free of debris and in good operating order, condition and state
of repair, ordinary wear and tear excepted and (ii) appropriately effect, at Tenant’s sole cost and expense and in accordance with all applicable Environmental Laws, the closure of all Resource Conservation and Recovery Act
(“RCRA”) storage areas in and on the Premises and/or the Common Use Facilities (and such other areas in and on the Premises and/or the Common Use Facilities which should have been designated and permitted as RCRA storage areas in
accordance with applicable Environmental Laws) wherein Tenant or its Affiliates caused, suffered or permitted the storage of Hazardous Waste either prior to or during the Lease Term. 

ARTICLE 20 

Quiet Enjoyment 

Landlord covenants with and warrants and represents to Tenant that, so long as no Event of Default occurs or exists hereunder, and except
as otherwise expressly provided herein, Tenant shall, at all times during the Lease Term, peaceably and quietly have, hold, occupy and enjoy the Premises, without hindrance or molestation by Landlord or by any Person claiming rights through Landlord
in respect of the Premises, other than rights created by Tenant; provided that, Tenant acknowledges and agrees that, at Tenant’s request, the Premises include certain portions of the Air Park (in particular, Building Nos. 1025, 1025A, 1026,
1026A and Bond Financed Property improvements to Building 2061, being collectively herein called the “Bond-Related Premises”) which were not part of the premises leased under the ABX Sublease, which constitute part of the Bond Financed
Property and which are subject to the terms and conditions of the DMCPA Ground Lease, the WAP Lease, the WAP/CCPA Sublease and the rights of the Trustee in connection with the Bonds (including, without limitation, under the Trust Indenture and the
certain Assignment of Rights Under Lease dated February 1, 2007 and recorded in Book 
  

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688, Page 668, Recorder’s Office, Clinton County, Ohio); provided that, in the event that as a consequence of the exercise of rights by DMCPA, WAP, or the Trustee under any or all of the
foregoing documents, all or any portion of the Bond-Related Premises are effectively severed from the Premises under this Lease Agreement, then Base Rent hereunder will be reduced to reflect such reduced area of the Premises and will be determined
by multiplying the Annual Base Rent then in effect by a fraction, the numerator of which shall be the number of square feet contained in the Premises after such severance and the denominator of which shall be 500,000, and such reduced Base Rent will
become effective upon the date of such severance. 
 ARTICLE 21 

Inspection 

Landlord and its duly authorized representatives may enter the Premises at all reasonable times, upon at least twenty-four
(24) hours’ prior written notice to Tenant (or, in the event of an emergency, such notice as may be reasonable under the circumstances), to view and inspect the Premises and to inspect all repairs, additions and alterations or to perform
any work which may be necessary by reason of Tenant’s default under the terms of this Lease Agreement; provided, that any such inspections shall not unreasonably interfere with the activities of Tenant or its agents or contractors in or on the
Premises, nor cause or result in any damage to the Premises. 
 ARTICLE 22 

Notices and Payments 

22.01. Notices. Any notice or other communication required or permitted to be given to a party under this Lease Agreement shall be
in writing and shall be given by one of the following methods to such party, at the address set forth at the end of this Section 22.01: (i) it may be sent by registered or certified United States (U.S.) mail, return receipt requested and
postage prepaid, or (ii) it may be sent by ordinary U.S. mail or delivered in person or by courier, telecopier, fax transmission, electronic mail or any other means for transmitting a written communication. Any such notice shall be deemed to
have been given as follows: (i) when sent by registered or certified U.S. mail, as of the second business day after it was mailed, and (ii) when sent or delivered by any other means, upon receipt, with written or electronic confirmation
thereof. Either party may change its address for notice by giving written notice thereof to the other party. The address of each party for notice initially is as follows: 

 

			
	Landlord	  	Tenant
	Clinton County Port Authority	  	Air Transport Services Group, Inc.
	1113 Airport Road	  	145 Hunter Drive
	Wilmington, OH 45177	  	Wilmington, OH 45177
	Attn: John J. Limbert	  	Attn: Joseph C. Hete
	Fax No.: (937) 383-9892	  	Fax No.: (937) 382-2452
	E-Mail Address: jlimbert@nbtdirect.com	  	E-Mail Address: Joe.Hete@atsginc.com

  

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	With copies to:	  	With copies to:
	John P. Wellner, Esq.	  	W. Joseph Payne, Esq., General Counsel
	Vorys, Sater, Seymour and Pease LLP	  	Air Transport Services Group, Inc.
	52 E. Gay Street	  	145 Hunter Drive
	Columbus, OH 43216-1008	  	Wilmington, OH 45177
	Fax No.: 614-719-5028	  	Fax No.: (937) 382-2452
	E-Mail Address: jpwellner@vorys.com	  	E-Mail Address: Joe.Payne@atsginc.com

22.02. Place of Payment; No Setoff. All rent and other payments required to be made by Tenant to Landlord shall be delivered or
mailed to Landlord at the address specified in Section 22.01 hereof, or any other address Landlord may specify from time to time by written notice given to Tenant, without notice or demand and without abatement, deduction or setoff of any
amount whatsoever. 
 ARTICLE 23 

Compliance with Laws 

23.01. General Compliance. At all times during the Lease Term, Tenant shall, in respect of this Lease Agreement and its use and
occupancy of the Premises, comply with all applicable federal, state and local laws, codes, ordinances, rules and regulations, and any other applicable requirements. 

23.02. Incorporation of Provisions of Law. Each and every provision required by applicable federal, state or local laws, codes,
ordinances, rules and regulations to be included in this Lease Agreement shall be deemed to be incorporated herein by reference and included in this Lease Agreement, and this Lease Agreement shall be read, construed and enforced as though each such
provision were set forth herein. 
 ARTICLE 24 

Miscellaneous Provisions 

24.01. Brokers, Finders and Others. Landlord and Tenant each warrant and represent to the other that it has had no compensable
dealings, negotiations, agreements, consultations or other transactions with any broker, finder, or other intermediary in respect of the Premises or this Lease Agreement, and that no Person is entitled to any brokerage fee, commission, or other
payment in respect of this Lease Agreement, the transactions contemplated thereby and/or the Premises, arising from agreements, arrangements or undertakings made or effected by it with any third Persons. 

24.02. Memorandum of Lease Agreement. This Lease Agreement shall not be filed in any public office or records. Landlord and Tenant
shall, upon request by the other, execute and deliver a memorandum of lease or similar instrument reflecting such of the terms of this Lease Agreement as may be acceptable to the parties, which instrument shall be in a form recordable under the
laws, regulations and customs of the State of Ohio and its political subdivisions, and which instrument shall be recorded in appropriate public offices. 
  

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 24.03. Estoppel Certificates. Each party shall, within ten (10) days after
written request from the other party, from time to time and at any time, complete, execute, acknowledge and deliver to the requesting party a written instrument, in a form prepared and presented by the requesting party and acceptable to the other
party, certifying that this Lease Agreement is unmodified and in full force and effect (or if there have been modifications, that it is in full force and effect as modified and stating the modifications), and the dates to which Base Rent and other
charges have been paid in advance, if any, and stating whether, to the knowledge of such party, the requesting party is in default in the performance of any obligation of such requesting party under this Lease Agreement, and, if so, specifying each
such default of which such party has knowledge and certifying any other fact reasonably requested to be certified by the requesting party, it being intended that any such instrument may be delivered to and relied upon by any prospective purchaser of
Landlord’s interest in the Premises and any prospective assignee of Tenant’s leasehold estate in the Premises, or any mortgagee or prospective mortgagee in respect thereof or any part thereof. 

24.04. Successors and Assigns. Except as otherwise specifically provided herein, this Lease Agreement shall inure to the benefit
of and be binding upon the respective successors and assigns (including successive, as well as immediate, successors and assigns) of Landlord and of Tenant. 

24.05. Governing Law. This Lease Agreement shall be governed by and construed in accordance with the laws of the State of Ohio.

 24.06. Remedies Cumulative. All rights and remedies of Landlord and of Tenant enumerated in this Lease Agreement shall
be cumulative and, except as specifically contemplated otherwise by this Lease Agreement, none shall exclude any other right or remedy allowed at law or in equity, and said rights or remedies may be exercised and enforced concurrently. No waiver by
Landlord or by Tenant of any covenant or condition of this Lease Agreement, to be kept or performed by any other party, shall constitute a waiver by the waiving party of any subsequent breach of such covenant or condition, or authorize the breach or
nonobservance on any other occasion of the same or any other covenant or condition of this Lease Agreement. 
 24.07.
Duplicate Originals. This Lease Agreement may be executed in one or more counterparts, each of which shall be deemed to be a duplicate original, but all of which, taken together, shall constitute a single instrument. 

24.08. Article and Section Captions. The Article and Section captions contained in this Lease Agreement are included only for
convenience of reference and do not define, limit, explain or modify this Lease Agreement or its interpretation, construction or meaning, and are in no way to be construed as a part of this Lease Agreement. 

24.09. Severability. If any provision of this Lease Agreement or the application of any provision to any Person or any
circumstance shall be determined to be invalid or unenforceable, then such determination shall not affect any other provision of this Lease Agreement or the application of said provision to any other Person or circumstance, all of which

  

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other provisions shall remain in full force and effect, and it is the intention of Landlord and of Tenant that if any provision of this Lease Agreement is susceptible of two or more
constructions, one of which would render the provision valid and the other or others of which would render the provision invalid, then such provision shall have a meaning which renders it valid. 

24.10. Amendments in Writing; Annexes. No officer, employee, or other servant or agent of Landlord or of Tenant is authorized to
make any representation, warranty, or other promise not contained in this Lease Agreement in respect of the subject matter hereof. No amendment, change, termination or attempted waiver of any of the provisions of this Lease Agreement shall be
binding upon Landlord or Tenant, unless in writing and signed by the party affected. Each of the annexes, exhibits or instruments attached hereto are hereby expressly incorporated herein by this reference. 

24.11. No Third Party Beneficiaries. Except as otherwise expressly provided herein: (a) the provisions of this Lease
Agreement are for the exclusive benefit of the parties hereto and are not for the benefit of any other Person, and (b) this Lease Agreement shall not be deemed to have conferred any rights, express or implied, upon any third Person. 

24.12. Security. Tenant acknowledges and agrees that Landlord is not providing any security services with respect to the Premises
and that Landlord shall not be liable to Tenant for, and Tenant waives any claim against Landlord with respect to, any loss by theft or any other injury (including death) or damage suffered or incurred by Tenant or its employees or agents in
connection with any unauthorized entry into the Premises or any other breach of security with respect to the Premises. Tenant will cooperate with Landlord in connection with any security conducted by or on behalf of Landlord in connection with the
Air Park. 
 24.13. Miscellaneous Requirements. 

In connection with its use and occupancy of the Premises, Tenant hereby agrees as follows: 

 

	 	(A)	Tenant understands and agrees that nothing herein contained will be construed to grant or authorize the granting of an exclusive right to provide aeronautical services
to the public as prohibited by 49 USC 40103(e), as amended, and Landlord reserves the right to grant to others the privilege and right of conducting any one or all activities of an aeronautical nature; 

 

	 	(B)	Tenant agrees to comply with the notification and requirements covered in Part 77 of the Federal Aviation Regulations (to the extent applicable to Tenant and to the
extent Landlord notifies Tenant of such applicability) in the event any future structure or building is planned for the Premises, or in the event of any planned modification or alteration of any present or future building or structure situated on
the Premises; 

  

	 	(C)	 Landlord reserves for the use and benefit of the public, a right of flight for the passage of aircraft in the airspace above the surface of the
Premises. This public right of flight will include the right to cause in said airspace 

  

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any noise inherent in the operation of any aircraft used for navigation or flight through the said airspace or landing at, taking off from, or operation on the Air Park; and

  

	 	(D)	Tenant agrees that it will not make use of the Premises in any manner which might interfere with the landing and taking off of aircraft from the Air Park or otherwise
constitute a hazard. In the event the aforesaid covenant is breached, Landlord reserves the right to enter upon the Premises and cause the abatement of such interference at the expense of Tenant. 

In addition, Landlord contemplates that, reasonably promptly after the Effective Date, Landlord will enter into discussions with the FAA
and other pertinent governmental authorities for, and plans to make application for, such governmental grants, loans and/or other funds as may be available to assist Landlord in the ongoing operation, development and/or improvement of the Air Park
(the “Government Funding”). In connection therewith, and in particular in connection with any FAA-related funding programs, Landlord is advised that the owners and tenants of the Air Park will be subjected to certain government-mandated
requirements regarding the use and operation of the Air Park, including the provisions hereinafter set forth (collectively, the “Funding Requirements”). Accordingly, in connection with any Government Funding obtained by Landlord, Landlord
shall provide to Tenant copies of the pertinent Government Funding agreements which give rise to the pertinent Funding Requirements and, thereupon, Tenant shall comply with the following provisions if, and to the extent included in such Funding
Requirements and disclosed to Tenant, and such other Funding Requirements, if any, as may be agreed upon by Landlord and Tenant: 
  

	 	(1)	In the event facilities are constructed, maintained, or otherwise operated on the Premises, Tenant will maintain and operate such facilities and services in compliance
with all requirements imposed pursuant to 49 CFR Part 21, Nondiscrimination in Federally Assisted Programs of the Department of Transportation, and as said Regulations may be amended; 

 

	 	(2)	Tenant covenants and agrees that: (1) no Person, on the grounds of race, color or national origin, will be excluded from participation in, denied the benefits of,
or be otherwise subjected to discrimination in, the use of the Premises; (2) in the construction of any leasehold improvements on, over or under the Premises and the furnishing of services thereon, no Person on the grounds of race, color or
national origin will be excluded from participation in, denied the benefits of, or otherwise be subjected to discrimination by Tenant; and (3) Tenant will use the Premises in compliance with all other requirements imposed by or pursuant to 49
CFR Part 21, Nondiscrimination in Federally Assisted Programs of the Department of Transportation, and as said Regulations may be amended; 

  

	 	(3)	Tenant agrees to furnish service on a fair, equal and not unjustly discriminatory basis to all users thereof, and to charge fair, reasonable and not unjustly
discriminatory prices for each unit or service; provided, that Tenant may be allowed to make reasonable and nondiscriminatory discounts, rebates or other similar types of price reductions to volume purchasers; 

 

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	 	(4)	Tenant assures that it will undertake an affirmative action program as required by 14 CFR Part 152, Subpart E, to insure that no person will on the grounds of race,
creed, color, national origin or sex be excluded from participating in any employment activities covered by 14 CFR Part 152, Subpart E. Tenant assures that no person will be excluded on these grounds from participating in or receiving the services
or benefits of any program or activity covered by 14 CFR Part 152, Subpart E. Tenant assures that it will require that its covered suborganizations provide assurances to Landlord that they similarly will undertake affirmative action programs, and
that they will require assurances from their suborganizations, as required by 14 CFR Part 152, Subpart E, to the same effect; and 

  

	 	(5)	Tenant agrees that it will insert the above four provisions in any lease, sublease or other such document by which Tenant grants a right or privilege to any person,
firm or corporation to render accommodations and/or services to the public on the Premises. 

 24.14.
Survival. The provisions of this Lease Agreement shall survive the expiration or earlier termination of this Lease Agreement for so long as either party bears any liability or responsibility hereunder and until such time as Landlord or Tenant,
as the case may be, shall have realized upon all of their respective rights or exercised all of their respective remedies hereunder. 

24.15 Tenant Termination Right. Subsequent to the first
(1st) anniversary of the Effective Date, and in the
event that Tenant and/or its Affiliates no longer are providing aircraft maintenance services for DHL Network Operations (USA), Inc. and/or its Affiliates at the Air Park encompassing at least ten (10) aircraft (the “Termination
Condition”), then, Tenant shall have the right, at its option, to terminate this Lease Agreement by giving written notice to Landlord of the election to so terminate this Lease Agreement together with documentation which reasonably supports the
Termination Condition (the “Section 24.15 Termination Notice”); whereupon, this Lease Agreement shall terminate effective on the one hundred and eightieth
(180th) day following the date upon which the
Section 24.15 Termination Notice is given. 
 [Remainder of page intentionally left blank] 

 

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 IN WITNESS WHEREOF, this Lease Agreement was executed on behalf of Landlord and Tenant by
the duly authorized officials or officers thereof, to be effective as of the date first above written. 
  

									
	LANDLORD:	 		 	TENANT:
			
	CLINTON COUNTY PORT AUTHORITY	 		 	AIR TRANSPORT SERVICES GROUP, INC.
					
	By:	 	 /s/ John J. Limbert
	 		 	By:	 	 /s/ Joseph C. Hete

		 	John J. Limbert	 		 		 	Joseph C. Hete
		 	Chair	 		 		 	President and Chief Executive Officer

 STATE OF OHIO

 COUNTY OF FRANKLIN, SS: 

The foregoing instrument was acknowledged before me this 2nd day of June, 2010, by John J. Limbert, the Chair of the Clinton County Port
Authority, a body corporate and politic and duly organized and validly existing under the State of Ohio, on behalf of said port authority. 
  

	
	 /s/ Teresa L. Ross

	Notary Public

 STATE OF OHIO 

COUNTY OF CLINTON, SS: 
 The
foregoing instrument was acknowledged before me this 26 day of April, 2010, by Joseph C. Hete, President and Chief Executive Officer of Air Transport Services Group, Inc., a Delaware corporation, on behalf of the corporation. 

 

	
	 /s/ Patricia A. Wallace

	Notary Public

  

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 FISCAL OFFICER’S CERTIFICATE 

The undersigned fiscal officer of the Clinton County Port Authority (the “Port”) hereby certifies that the money required to
meet the obligations of the Port for fiscal year 2010 under the agreement to which this certificate is attached has been lawfully appropriated by the Port for that purpose and is in the treasury of the Port or is in the process of collection to the
credit of an appropriate fund, free from any previous encumbrances, and is not appropriated for any other purpose. This certificate is given in compliance with Sections 5705.41 and 5705.44 of the Ohio Revised Code. 

Dated: June 2, 2010 
  

	
	 /s/ Kathleen Madison

	Secretary
	Clinton County Port Authority

  

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 EXHIBIT A 

The Air Park 

TRACT 1: 
 SITUATE IN THE CITY OF
WILMINGTON, CLINTON COUNTY, OHIO, VIRGINIA MILITARY SURVEY NUMBERS 625, 1162, 1170, 2027, 2690 AND NUMBER 2694 AND BEING PART OF THE LANDS AS CONVEYED BY DEED TO WILMINGTON AIR PARK, INC. AS RECORDED IN (SEE TABLE I) THE CLINTON COUNTY DEED RECORDS
AND CLINTON COUNTY OFFICIAL RECORDS AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING FOR REFERENCE AT A CONCRETE MONUMENT FOUND IN THE LINE OF VMS NUMBER 1162 AND NUMBER 1170, BEING THE NORTHWESTERLY CORNER OF WILMINGTON AIR, INC.’S
74.578 ACRE TRACT (DEED NO. 24, TABLE I) AND CORNER TO THE GREAT OAKS JOINT VOCATIONAL SCHOOL DISTRICT’S REMAINING PART 92.076 ACRE TRACT (DEED BOOK 239, PAGE 482), AND ALSO BEING IN THE NORTHWESTERLY RIGHT OF WAY OF AIRPORT ROAD; THENCE WITH A
LINE OF SAID REMAINING PART 92.076 ACRE TRACT, SAID 74.578 ACRE TRACT AND SAID MILITARY SURVEY LINE S 41°17’49” E 53.28’ TO A RAILROAD SPIKE FOUND IN THE CENTERLINE OF AIRPORT ROAD AND BEING THE TRUE POINT OF BEGINNING FOR THIS
TRACT HEREIN DESCRIBED; THENCE WITH THE PROLONGATION OF SAID PREVIOUS LINE S 41°17’49” E 39.79’ TO AN IRON PIN SET IN THE SOUTHEASTERLY RIGHT OF WAY OF AIRPORT ROAD; THENCE WITH THE SOUTHEASTERLY RIGHT OF WAY OF AIRPORT ROAD S
51°30’20” W 189.75’ TO A CONCRETE MONUMENT FOUND AT THE INTERSECTION WITH THE NORTHWESTERLY RIGHT OF WAY OF AIRBORNE ROAD; THENCE WITH SAID RIGHT OF WAY OF AIRBORNE ROAD S 37°48’06” W 635.35’ TO A CONCRETE
MONUMENT FOUND AT THE CORNER OF THE RIGHT OF WAY OF WEIL WAY; THENCE WITH THE RIGHT OF WAY OF WEIL WAY N 52°08’40” W 154.89’ TO A CONCRETE MONUMENT FOUND IN THE SOUTHEASTERLY RIGHT OF WAY OF AIRPORT ROAD; THENCE WITH SAID RIGHT OF
WAY OF AIRPORT ROAD S 51°30’20” W 102.90’ TO A CONCRETE MONUMENT FOUND; THENCE CONTINUING WITH RIGHT OF WAY OF WEIL WAY S 52°08’40” E 179.27’ TO CONCRETE MONUMENT FOUND IN THE RIGHT OF WAY OF AIRBORNE ROAD;
THENCE WITH SAID RIGHT OF WAY OF AIRBORNE ROAD S 37°48’06” W 630.25’ TO AN IRON PIN SET AT THE CORNER OF THE RIGHT OF WAY OF RUANE DRIVE; THENCE WITH RIGHT OF WAY OF RUANE DRIVE N 52°09’47” W 332.94’ TO A
CONCRETE MONUMENT FOUND IN THE RIGHT OF WAY OF AIRPORT ROAD; THENCE WITH THE RIGHT OF WAY OF AIRPORT ROAD S 51°30’20” W 102.92’ TO A RAILROAD SPIKE FOUND AT THE CORNER OF THE RIGHT OF WAY OF RUANE DRIVE; THENCE WITH SAID RIGHT OF
WAY S 52°09’ 47” E 357.33’ TO A CONCRETE MONUMENT FOUND IN THE RIGHT OF WAY OF AIRBORNE ROAD; THENCE WITH SAID RIGHT OF WAY OF AIRBORNE ROAD S 37°48’06” W 1382.49’ TO A CONCRETE MONUMENT FOUND AT THE CORNER OF
EWE WAREHOUSE INVESTMENTS V, LTD’S 7.243 ACRE TRACT (OFFICIAL 

 
RECORD 312, PAGE 140); THENCE WITH THE LINE OF SAID 7.243 ACRE TRACT N 52°10’13” W 372.54’ TO AN IRON PIN SET; THENCE CONTINUING WITH LINE OF SAID 7.243 ACRE TRACT S
37°46’04” W 775.93’ TO A 5/8” IRON PIN FOUND IN THE LINE OF SAID EWE WAREHOUSE INVESTMENTS V, LTD’S 6.518 ACRE TRACT (OFFICIAL RECORD 312, PAGE 131); THENCE WITH THE LINE OF SAID 6.518 ACRE TRACT N
48°25’41” W 542.03’ TO A RAILROAD SPIKE FOUND IN AIRPORT ROAD; THENCE CONTINUING WITH THE LINE OF SAID 6.518 ACRE TRACT S 46°51’16” W 384.78’ TO A RAILROAD SPIKE FOUND IN THE CENTERLINE OF OLD STATE ROUTE 73 AND
CORNER TO AIRLINE PROFESSIONAL ASSOCIATION TEAMSTER LOCAL 1224 1.000 ACRE TRACT (OFFICIAL RECORD 328, PAGE 711); THENCE WITH THE LINE OF SAID 1.000 ACRE TRACT S 47°56’48” W 19.22’ TO A 5/8” IRON PIN FOUND, A CORNER TO GREAT
OAKS JOINT VOCATIONAL SCHOOL DISTRICT’S REMAINING PART 262.282 ACRE TRACT (OFFICIAL RECORD 239, PAGE 482); THENCE WITH SAID SCHOOL DISTRICT’S LINES ON THE FOLLOWING COURSES: N 48°25’35” W 554.05’ TO AN IRON PIN SET;
THENCE S 38°12’31” W 502.96’ TO A 1/2” IRON PIN FOUND; THENCE S 47°59’29” W 295.07’ TO A 1/2” IRON PIN FOUND; THENCE N 42°02’27” W 339.91 TO AN IRON PIN SET; THENCE S
48°18’06” W 118.31’ TO A 1/2” IRON PIN FOUND; THENCE N 42°25’19” W 261.00’, A PK NAIL FOUND IN CONCRETE BEARS S 25°47’38” E 0.11’; THENCE S 48°18’06” W 750.00’ TO A
1/2” IRON PIN FOUND; THENCE S 41°41’28” E 399.97’ TO A 1/2” IRON PIN FOUND; THENCE N 48°19’32” E 206.62’ TO A 1/2” IRON PIN FOUND BENT; THENCE S 41°38’10” E 689.93’ TO AN IRON
PIN SET; THENCE N 47°31’40” E 275.00’ TO AN IRON PIN SET; THENCE S 41°38’01” E 628.96’ TO AN IRON PIN SET AT THE CORNER OF AVIATION FUEL, INC.’S 6.092 ACRE TRACT (DEED BOOK 285, PAGE 339); THENCE WITH THE
NORTHWESTERLY LINE OF SAID 6.092 ACRE TRACT S 48°21’17” W 762.89’ TO AN IRON PIN SET; THENCE CONTINUING WITH THE LINE OF SAID 6.092 ACRE TRACT S 41°39’36” E (PASSING AN IRON PIN SET AT 345.53’) 347.53’;
THENCE CONTINUING WITH THE SOUTHEASTERLY LINE OF SAID 6.092 ACRE TRACT N 48°19’41” E 764.87’ TO AN IRON PIN SET IN THE LINE OF SAID SCHOOL DISTRICT’S REMAINING PART 262.282 ACRE TRACT; THENCE WITH THE LINE OF SAID SCHOOL
DISTRICT’S LAND S 41°59’12” E 223.37’ TO A CONCRETE MONUMENT FOUND AT A CORNER TO THE AIRBORNE ROAD RIGHT OF WAY; THENCE WITH SAID RIGHT OF WAY OF AIRBORNE ROAD ON THE FOLLOWING COURSES: S 37°48’06” W
2918.18’ TO A CONCRETE MONUMENT MARKING THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 1150.00’; THENCE WITH SAID CURVE MEASURED ALONG THE ARC A DISTANCE OF 903.21’ FROM WHICH THE LONG CHORD BEARS S 60°18’06” W
880.17’ TO A CONCRETE MONUMENT FOUND; THENCE S 82°48’06” W 2331.02’ TO A CONCRETE MONUMENT FOUND MARKING A CURVE TO THE LEFT HAVING A RADIUS OF 1250.00’; THENCE WITH SAID CURVE MEASURED ALONG THE ARC A DISTANCE OF
730.74’ FROM WHICH ALONG CHORD BEARS S 66°03’16” W 720.38’ TO A CONCRETE MONUMENT FOUND; THENCE S 49°18’25” W 911.14’ TO A CONCRETE MONUMENT FOUND MARKING THE BEGINNING OF A CURVE TO THE RIGHT HAVING A
RADIUS OF 1150.00’; THENCE WITH SAID CURVE MEASURED ALONG THE ARC A DISTANCE OF 385.70’ FROM WHICH A LONG CHORD BEARS S 58°54’55” W 383.89’ TO A, CONCRETE MONUMENT FOUND; THENCE S 68°31’24” W 2263.22’
TO A CONCRETE MONUMENT FOUND; THENCE N 65°31’24” W 48.63’ TO A CONCRETE MONUMENT FOUND IN THE 
  

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RIGHT OF WAY OF STATE ROUTE 134; THENCE WITH SAID RIGHT OF WAY S 19°31’15” E 133.17’ TO A CONCRETE MONUMENT FOUND IN THE LINE OF THE CITY OF WILMINGTON’S 25.52 ACRE TRACT
(DEED BOOK 196, PAGE 45); THENCE WITH THE CITY’S LINE S 68°31’24” W 30.03’ TO A PK NAIL FOUND IN THE CENTERLINE OF SAID STATE ROUTE 134; THENCE WITH SAID CENTERLINE N 19°31’57” W 2517.43’ TO A RAILROAD
SPIKE FOUND; THENCE N 71°42’34” E AND BECOMING THE SOUTHEASTERLY RIGHT OF WAY OF DAVIDS DRIVE (PASSING AN IRON PIN SET AT 30.00’) 184.98’ TO AN IRON PIN SET, A CORNER TO THE COMMUNITY IMPROVEMENT CORPORATION’S (ALSO
REFERRED TO AS CIC) REMAINING PART 84.791 ACRE TRACT (OFFICIAL RECORD 66, PAGE 559); THENCE WITH THE LINE OF SAID 84.791 ACRE TRACT ON THE FOLLOWING COURSES: S 25°31’18” E 83.08’ TO AN IRON PIN SET; THENCE S
71°17’58” E 144.92’ TO AN IRON PIN SET; THENCE S 14°02’40” E 129.25’ TO AN IRON PIN SET; THENCE N 86°08’22” E 343.76’ TO AN IRON PIN SET THENCE S 41°22’12” E 1033.98’ TO AN
IRON PIN SET; THENCE N 46°19’30” E 230.15’ TO AN IRON PIN SET; THENCE N 37°47’40” E 600.49’ TO AN IRON PIN SET; THENCE N 52°10’47” W 50.00’ TO AN IRON PIN SET AT THE SOUTHEASTERLY CORNER OF
THE BOARD OF COUNTY COMMISSIONERS’ 14.500 ACRE TRACT (OFFICIAL RECORD 302, PAGE 717); THENCE WITH THE LINE OF SAID 14.500 ACRE TRACT AND BECOMING THE LINE OF SAID COMMISSIONERS’ 5.000 ACRE TRACT, CIC’S REMAINING PART 187.99 ACRE TRACT
(DEED BOOK 281, PAGE 698), AND NAVIGATOR GROUP OF OCALA, INC.’S 30.000 ACRE TRACT (OFFICIAL RECORD 342, PAGE 564) N 37°47’40” E 4501.42’ TO AN IRON PIN SET IN THE LINE OF R.L.R. INVESTMENTS, L.L.C.’S 17.393 ACRE TRACT
(OFFICIAL RECORD 331, PAGE 121); THENCE WITH THE LINE OF SAID 17.393 ACRE TRACT S 52°12’20” E 44.50’ TO A 1/2” IRON PIN FOUND; THENCE CONTINUING WITH THE LINE OF SAID 17.393 ACRE TRACT AND BECOMING THE LINE OF R.L.R.
INVESTMENTS, L.L.C.’S 15.854 ACRE TRACT (OFFICIAL RECORD 311, PAGE 337), DAVID H. STEWART’S 5.969 ACRE TRACT (OFFICIAL RECORD 249, PAGE 661), SANDRA K. WHITLEY’S 5.900 ACRE TRACT (OFFICIAL RECORD 277, PAGE 32) AND JOHN M.
STANFORTH’S 10.240 ACRE TRACT (OFFICIAL RECORD 339, PAGE 134) N 37°47’38” E 4220.18’ TO A 5/8” IRON PIN FOUND; THENCE CONTINUING WITH STANFORTH’S LINE N 48°28’45” W 344.86’ TO A 5/8” IRON PIN
FOUND IN THE LINE OF THE CLINTON COUNTY ANIMAL PROTECTIVE ASSOCIATION FOR THE PREVENTION OF CRUELTY TO ANIMALS 1.322 ACRE TRACT (DEED BOOK 268, PAGE 139); THENCE WITH THE LINE OF SAID 1.322 ACRE TRACT AND BECOMING THE LINE OF WILMINGTON
COLLEGE’S 60.45 ACRE TRACT (OFFICIAL RECORD 231, PAGE 735), THE NATIONAL BANK AND TRUST CO.’S 205.51 ACRE TRACT (OFFICIAL RECORD 180, PAGE 818), AND THE LINE OF B. ANTHONY WILLIAMS TRUST’S REMAINING PART 536.23 ACRE TRACT (OFFICIAL
RECORD 349, PAGE 119) N 37°48’39” E 4357.17’ TO A 1” IRON PIN FOUND; THENCE WITH THE WILLIAMS TRUST’S LANDS ON THE FOLLOWING COURSES: S 52°13’32” E 309.65’ TO A 1/2” IRON PIN FOUND; THENCE N
29°16’39” E 908.59’, A 5/8” IRON PIN FOUND BEARS S 6°19’35” E 0.16’; THENCE S 52°11’31” E 524.99’ TO A 5/8” IRON PIN FOUND; THENCE N 37°48’29” E 900.00’ TO A
5/8” IRON PIN FOUND; THENCE S 52°11’31” E 400.00’, A 5/8” IRON PIN, FOUND BEARS S 31°27’27” E 0.16’; THENCE S 37°48’ 29” W 900.00’ TO A 1/2” IRON PIN FOUND; THENCE S
52°11’31” E 524.99’ TO A 5/8” IRON PIN FOUND AT A CORNER TO ABX AIR, INC.’S REMAINING PART 113.525 

 

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ACRE TRACT (OFFICIAL RECORD 88, PAGE 438); THENCE WITH THE LINE OF SAID 113.525 AND BECOMING THE LINE OF WILMINGTON COMMERCE PARK PARTNERSHIP’S 6.130 ACRE TRACT (OFFICIAL RECORD 350, PAGE
505) AND THE LINE OF PREVIOUS SAID GREAT OAKS JOINT VOCATIONAL SCHOOL DISTRICT’S REMAINING PART 92.076 ACRE TRACT S 46°19’54” W 1373.16’ TO A 1/2” IRON PIN FOUND; THENCE WITH SAID SCHOOL DISTRICT’S LINE S
52°11’49” E 938.65’ TO AN IRON PIN SET AT THE CORNER OF AVIATION FUEL, INC.’S 4.586 ACRE TRACT (DEED BOOK 285, PAGE 337), AN IRON PIN SET BEARS S 69°20’39” W 0.36’; THENCE WITH THE LINES OF SAID 4.586 ACRE
TRACT ON THE FOLLOWING COURSES: S 40°42’14” W 400.42’ TO A 5/8” IRON PIN FOUND; THENCE N 52°08’36” W 118.01’ TO A MAG NAIL SET; THENCE S 37°49’33” W 27.76’ TO A DRILL HOLE FOUND IN
CONCRETE; THENCE S 52°16’50” E (PASSING A NAIL FOUND AT 50.00’) 587.82’ TO A 5/8” IRON PIN FOUND; THENCE N 37°47’15” E 426.46’ TO A 1/2” IRON PIN FOUND IN THE LINE OF SAID SCHOOL DISTRICT’S
LANDS; THENCE WITH THE LINE OF SAID SCHOOL DISTRICT’S REMAINING PART 92.076 ACRE TRACT S 52°14’24” E 317.64’ TO A 1/2” IRON PIN FOUND; THENCE CONTINUING WITH SAID SCHOOL DISTRICT’S LINE S 37°55’13” W
565.93’ TO A 1” IRON PIN FOUND; THENCE STILL WITH THE LINE OF SAID SCHOOL DISTRICT’S LAND S 52°12’33” E 451.34’ TO A 1/2” IRON PIN FOUND AT THE CORNER OF THE CITY OF WILMINGTON’S 0.84 ACRE TRACT (OFFICIAL
RECORD 204, PAGE 219); THENCE WITH THE LINE OF SAID 0.84 ACRE TRACT S 37°50’00” W 244.92’ TO AN IRON PIN SET AT THE CORNER OF ROTARY FORMS PRESS, INC.’S 4.896 ACRE TRACT (DEED BOOK 264, PAGE 1); THENCE WITH THE LINE OF SAID
4.896 ACRE TRACT N 52°15’20” W 554.15’ TO A 3/4” IRON PIN FOUND IN THE LINE OF R.L.R. INVESTMENTS, L.L.C.’S REMAINING PART 5.362 ACRE TRACT (OFFICIAL RECORD 298, PAGE 283); THENCE WITH THE LINE OF SAID R.L.R. INVESTMENTS
ON THE FOLLOWING COURSES: N 37°44’43” E 14.01’ TO A 5/8” IRON PIN FOUND; THENCE N 52°14’57” W 330.66’ TO A CHISELED “X” FOUND IN CONCRETE; THENCE S 37°49’36” W 310.99’ TO A
CHISELED “X” FOUND IN CONCRETE; THENCE S 52°15’28” E AND BECOMING THE CENTERLINE OF HUNTER DRIVE 365.11’ TO A RAILROAD SPIKE FOUND; THENCE WITH THE CENTERLINE OF HUNTER DRIVE S 37°48’20” W 497.69’ TO A
RAILROAD SPIKE FOUND AT THE INTERSECTION WITH THE CENTERLINE OF RUANE DRIVE; THENCE WITH THE CENTERLINE OF RUANE DRIVE S 52°08’34” E 684.83’ TO A RAILROAD SPIKE FOUND, A CORNER TO WILMINGTON AIR PARK INC.’S 0.392 ACRE TRACT
(OFFICIAL RECORDS 492, PAGE 324); THENCE WITH THE LINES OF SAID 0.392 ACRE TRACT ON THE FOLLOWING COURSES: S 37°46’29” W 159.87’; THENCE S 52°08’20” E 106.84’; THENCE N 37°45’40” E 159.87’ TO
A RAILROAD SPIKE FOUND IN THE CENTERLINE OF RUANE DRIVE; THENCE WITH SAID CENTERLINE S52°08’34” E 264.73’ TO A PK NAIL FOUND IN THE CENTERLINE OF AIRPORTROAD; THENCE WITH THE CENTERLINE OF AIRPORT ROAD N 51°30’59” E
1654.26’ TO THE TRUE POINT OF BEGINNING CONTAINING 1105.562 ACRES OF LAND, MORE OR LESS. 
 TOGETHER WITH A NON-EXCLUSIVE
ACCESS EASEMENT FOR THE BENEFIT OF TRACT 1, AS CREATED BY AN ACCESS EASEMENT FROM THE BOARD OF EDUCATION OF GREAT OAKS INSTITUTE OF TECHNOLOGY AND CAREER DEVELOPMENT, FKA GREAT OAKS JOINT VOCATIONAL SCHOOL DISTRICT TO

  

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WILMINGTON AIR PARK, INC., FILED IN DEED VOLUME 145, PAGE 662, RECORDER’S OFFICE, CLINTON COUNTY, OHIO, WHICH EASEMENT IS MORE SPECIFICALLY DESCRIBED AS FOLLOWS: 

SITUATED IN UNION TOWNSHIP, CLINTON COUNTY, OHIO, AND BEING A PART OF M.S. #1162 . BEGINNING AT A PIN AT THE SOUTHERLY CORNER OF THE 52.038 ACRE TRACT AS
RECORDED IN VOLUME 24, PLAT NO. 252, OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION: RUNNING THENCE, FROM SAID POINT OF BEGINNING, WITH THE LINES OF SAID 52.038 ACRE TRACT, ON THE FOLLOWING COURSES: (1) N. 41° 59’ 35” W.,
570.29 FEET TO A PIPE; (2) N. 41° 38’ 23” W., 75.00 FEET TO A POINT; THENCE, ON THE FOLLOWING COURSES: (1) N. 48° 21’ 37” E., 30.00 FEET TO A POINT; (2) S. 41° 38’ 23” E., 74.91 FEET TO A
POINT; (3) S. 41° 59’ 35” E., 564.79 FEET TO A POINT; THENCE, WITH A LINE OF SAID 52.038 ACRE TRACT, S. 37° 47’ 49” W., 30.48 FEET TO THE POINT OF BEGINNING. 

NOTE: THE ABOVE DESCRIBED TRACT 1 SAVES AND EXCEPTS A 5.001 ACRE TRACT AS CONVEYED BY DEED TO AVIATION FUEL AS RECORDED IN CLINTON COUNTY
OFFICIAL RECORD 212, PAGE 848 AND DESCRIBED AS FOLLOWS: 
 SITUATE IN THE CITY OF WILMINGTON, CLINTON COUNTY, OHIO, AND BEING A PART OF MS NO.
1162 AND BOUNDED AND DESCRIBED AS FOLLOWS: COMMENCING AT A 3/4” IRON PIPE (FOUND) AT THE NORTHERLY CORNER OF A 6.092 ACRE TRACT AS CONVEYED TO AVIATION FUEL, INC. IN VOLUME 285, PAGE 339 OF THE CLINTON COUNTY, OHIO, DEED RECORDS, SAID PIPE
BEING AT A CORNER OF A 195.568 ACRE TRACT AS RECORDED IN VOLUME 24, PAGE NO. 12 OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION AND AT A CORNER OF A 52.038 ACRE TRACT AS RECORDED IN VOLUME 24, PLAT NO. 254 OF SAID RECORD OF LAND DIVISION;
THENCE, WITH A LINE OF SAID 195.568 ACRE TRACT AND SAID 52.038 ACRE TRACT, N 41°38’23” W 75.00 FEET TO A POINT; THENCE, S 48°08’00” W 542.30 FEET TO A 1/2” IRON PIN (SET) AT THE POINT OF BEGINNING FOR THE HEREIN
DESCRIBED TRACT: RUNNING THENCE, FROM SAID POINT OF BEGINNING, BY NEW DIVISION LINES, ON THE FOLLOWING COURSES: (1) S 48°37’45” W 561.48 FEET TO A 1/2” IRON PIN (SET); (2) N 41°22’15” W 388.00 FEET TO A
1/2” IRON PIN (SET); (3) N 48°37’45” E 561.48 FEET TO A 1/2” IRON PIN (SET); (4) S 41°22’15” E 388.00 FEET TO THE POINT OF BEGINNING, CONTAINING FIVE AND ONE THOUSANDTH (5.001) ACRES. 

THE ABOVE DESCRIBED CONTAINS 43.743 ACRES IN VMS NUMBER 625, 412.687 ACRES IN VMS NUMBER 1162, 35.261 ACRES IN VMS 1170, 542.797 ACRES IN VMS NUMBER
2027, AND 69.871 ACRES IN VMS NUMBER 2690 AND 1.20 ACRES IN VMS 2694. 
 THIS SURVEY IS BASED UPON A FIELD SURVEY CONDUCTED UNDER THE DIRECTION
OF R. DOUGLAS SUTTON, OHIO PROFESSIONAL SURVEYOR NO. 7124 BY CLINCO & SUTTON SURVEYORS IN SEPTEMBER, 2001. IRON PINS REFERRED 

 

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TO AS SET ARE 5/8” DIAMETER STEEL AND 30” IN LENGTH WITH A YELLOW CAP STAMPED “CLINCO & SUTTON”. BEARINGS ARE BASED UPON AN ASSUMED AZIMUTH AND ARE FOR ANGULAR
MEASUREMENT PURPOSES ONLY. RECORDED IN VOLUME 33, PAGE 203, OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION. 
 NOTE: THE ABOVE
DESCRIBED TRACT 1 SAVES AND EXCEPTS A 0.843 ACRE TRACT FURTHER DESCRIBED AS FOLLOWS: 
 SITUATED IN UNION TOWNSHIP, CLINTON
COUNTY, OHIO, AND BEING A PART OF MILITARY SURVEY NO. 1162 AND BOUNDED AND DESCRIBED AS FOLLOWS: 
 BEGINNING AT A
 1/2” IRON PIN (FOUND) AT THE SOUTHERLY CORNER
OF THE 8.370 ACRE TRACT AS RECORDED IN VOLUME 20, PLAT NO. 197, OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION: 

RUNNING THENCE, FROM SAID POINT OF BEGINNING, WITH A LINE OF SAID 8.370 ACRE TRACT, N. 52° 15’ 44” W. 150.00 FEET TO A
 1/2” IRON PIN (SET); THENCE, BY A NEW DIVISION
LINE, N. 37° 47’ 36” E. 244.98 FEET TO A
 1/2” IRON PIN (SET); THENCE, WITH THE LINES OF
THE AFORESAID 8.370 ACRE TRACT, ON THE FOLLOWING COURSES: (1) S. 52° 13’ 33” E. 150.00 FEET TO A
 1/2” IRON PIN (FOUND); (2) S. 37°
47’ 36” W. 244.88 FEET TO THE POINT OF BEGINNING, CONTAINING EIGHT HUNDRED FOURTY THREE THOUSANDTHS (0.843) OF AN ACRE. 

NOTE: THE ABOVE DESCRIBED TRACT 1 SAVES AND EXCEPTS A 47.225 ACRE TRACT FURTHER DESCRIBED AS FOLLOWS: 

Situated in the State of Ohio, County of Clinton, Township of Union, City of Wilmington, lying in Virginia Military Surveys 625, 2694 and
2027, and being part of that 1100.621 acre tract conveyed as Tract 1 to Wilmington Air Park LLC by deed of record in Official Record 516, Page 610 (all references are to the records of the Recorder’s Office, Clinton County, Ohio) and being more
particularly described as follows: 
 BEGINNING at a railroad spike found at the intersection of the southerly right-of-way line
of Airborne Road as dedicated in the “Dedication Plat Airborne Road & Extensions of Ruane Drive and Weil Way” of record in Plat Book 7, Pages 50A-51B (width varies) and the easterly right-of-way line of State Route 134 (60 feet
wide), being a southeasterly corner of said 1100.621 acre tract and being in a northerly line of that 25.52 acre tract as conveyed to the City of Wilmington of record in Deed Book 196, Page 45; 

Thence South 68° 51’ 20” West, with the northerly line of said 25.52 acre tract, a distance of 30.02 feet to a magnetic
nail found on the centerline of State Route 134 at the corner common to said 1100.621 acre tract and said 25.52 acre tract and on easterly line of that 102.36 acre tract conveyed to James W. Foland and Betty M. Foland of record in Deed Book 216,
Page 176; 
 Thence North 19° 11’ 59” West, with the centerline of said State Route 134 and with the easterly line
of said 102.36 acre tract and with the easterly line of that 94.658 acre tract conveyed 
  

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to Homer Wendell Harding, Trustee of record in Official Record 507, Page 897 and also conveyed to Ruth Alice Harding, Trustee of record in Official Record 507, Page 906, a distance of 2517.39
feet (passing a railroad spike found at the centerline intersection of said State Route 134 and said Airborne Road at 48.29 feet) to a magnetic nail found at a north westerly corner of said 1100.621 acre tract, and on the westerly projection of the
southerly right-of-way of Davids Drive as dedicated in the “Dedication Plat Davids Drive” of record in Plat Book 7 Page 70C; 

Thence North 72° 01’ 51” East, with the southerly projection and southerly right-of-way line of Davids Drive (100 feet
wide), a distance of 184.96 feet (passing a 5/8 inch rebar found capped “Clinco” at 29.99 feet), to a 5/8 inch rebar found capped “Clinco” at a northwesterly corner of the original 84.791 acre tract conveyed to Community
Improvement Corporation of Wilmington of record in Official Record 66, Page 559; 
 Thence with the perimeter of said original
84.791 acre tract, the following courses and distances: 
 South 25° 12’ 30” East, a distance of 83.04 feet to a
5/8 inch rebar found capped “Clinco”; 
 South 70° 58’ 01” East, a distance of 144.91 feet to a 5/8 inch
rebar found capped “Clinco”; 
 South 13° 43’ 22” East, a distance of 129.25 feet to a 5/8 inch rebar
found capped “Clinco”; 
 North 86° 28’ 00” East, a distance of 343.77 feet to a 5/8 inch rebar found
capped “Clinco”; 
 South 41° 01’ 45” East, a distance of 1025.53 feet to an iron pin set; 

Thence across said 1100.621 acre tract, the following courses and distances: 

South 46° 37’ 19” West, a distance of 109.25 feet to an iron pin set; 

South 41° 19’ 48” East, a distance of 1058.33 feet to an iron pin set on the northerly right-of-way line of said Airborne
Road; 
 Thence with the northerly right-of-way line of said Airborne Road, the following courses and distances: 

South 68° 51’ 21” West, a distance of 1242.20 feet to a 1/2 inch rebar found in concrete; 

North 65° 11’ 27” West, a distance of 48.64 feet to a 1/2 inch rebar found in concrete at the intersection of the northerly
right-of-way line of said Airborne Road and the easterly right-of-way line of said State Route 134; 
  

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 Thence South 19° 11’ 59” East, with the westerly terminus of the
“Dedication Plat Airborne Road & Extensions of Ruane Drive and Weil Way”, a distance of 133.19 feet to the POINT OF BEGINNING and containing 47.225 acres of land, more or less of which 1.733 acres is located in the
right-of-way of State Route 134, approximately 1.244 acres is located in Virginia Military Survey 2694, approximately 43.583 acres is located in Virginia Military Survey 625 and approximately 2.398 acres is located in Virginia Military Survey 2027,
45.492 acres are located in the City of Wilmington and 1.733 acres are located in Union Township. 
 Iron pins set, where
indicated, are iron pipes, thirteen sixteenths (13/16) inch inside diameter, thirty (30) inches long with a plastic plug placed in the top bearing the initials EMHT INC. 

This description is based on existing records and an actual field survey performed in November 2009. 

The bearings contained herein are based on the Ohio State Plane Coordinate System, South Zone, NAD83 (1995). Said bearings originated
from a field traverse which was tied (referenced) to said coordinate system by GPS observations and observations of selected NGS monuments AIRBORNE and AIRBORNE AZ MK. The portion of the right-of-way line of Airborne Road, having a bearing of North
38° 08’ 03” East, is designated the “basis of bearing” for this survey. 
 TRACT 2: 

Situated in the State of Ohio, County of Clinton, Township of Union, lying in Virginia Military Surveys 1162, 1170 and 2027, and being
part of that original 784.989 acre tract conveyed as Tract 2 to Wilmington Air Park LLC by deed of record in Official Record 516, Page 610 (all references are to the records of the Recorder’s Office, Clinton County, Ohio) and being more
particularly described as follows: 
 BEGINNING at a 1/2 inch rebar found in concrete at the a northwesterly corner of said
original 784.989 acre tract in the easterly line of Virginia Military Survey Number 1162 and in the westerly line of Virginia Military Survey Number 1170, in the southerly line of the original 92.076 acre tract conveyed to Great Oaks Joint
Vocational School District, Ohio of record in Deed Book 239, Page 482 and in the northerly right-of-way line of Airport Road (width varies); 

Thence North 51° 58’ 29” East, partially with the northerly right-of-way line of said Airport Road, with the southerly line
of said original 92.076 acre tract, with the southerly line of the original 50.00 acre tract conveyed to The Board of Education of Great Oaks Institute of Technology and Career Development of record in Official Record 145, Page 647, with the
southerly line of that 0.387 acre tract conveyed as Parcel 26 WDV to the City of Wilmington of record in Official Record 701, Page 1 and with the southerly line of the original 7.707 acre tract conveyed to Wilmington Air Park LLC of record in
Official Record 515, Page 662 a distance of 
  

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1875.30 feet, (passing a magnetic nail found at 459.51 feet) to a magnetic nail set in the centerline of State Route 73 (width varies) [Ohio Department of Transportation Plan CLI-73
(11.81-13.42)] at the northerly corner of said original 784.989 acre tract and on the westerly line of that 2.013 acre tract conveyed as Parcel 22E to the State of Ohio by deed of record in Official Record 666, Page 558; 

Thence with a curve to the right having a central angle of 16° 36’ 48”, a radius of 3819.72 feet, an arc length of 1107.55
feet, and a chord that bears South 29° 16’ 12” East, a chord distance of 1103.67 feet, along the centerline of said State Route 73, with the westerly line of said Parcel 22E and with the westerly line of that 6.036 acre tract conveyed
as Parcel 22WL to the State of Ohio by deed of record in Official Record 666, Page 558, (passing the centerline of Airborne Road [Ohio Department of Transportation Plan CLI-73 (12.03)] at an arc length of 51.55 feet, referenced by a 1 inch solid
iron pipe found in a monument box, being South 47° 02’ 59” West a distance of 0.58 feet) to a magnetic nail set; 

Thence across said original 784.989 acre tract, the following courses and distances: 

South 25° 35’ 02” West, a distance of 1303.28 feet to an iron pin set; 

South 47° 07’ 29” West, a distance of 702.68 feet to an iron pin set; 

South 47° 07’ 28” West, a distance of 1181.16 feet to an iron pin set; 

South 26° 41’ 52” West, a distance of 348.20 feet to an iron pin set; 

South 15° 22’ 12” West, a distance of 544.70 feet to an iron pin set; 

South 31° 41’ 51” West, a distance of 711.99 feet to an iron pin set; 

South 37° 27’ 01” West, a distance of 614.23 feet to an iron pin set; 

South 39° 29’ 40” West, a distance of 257.45 feet to a magnetic nail set; 

South 53° 12’ 36” East, a distance of 51.19 feet to a railroad spike found at the northeasterly corner of that 72.25 acre
tract conveyed as Tract 71 to Wilmington College by deed of record in Deed Book 184, Page 306; 
 Thence South 47° 10’
33” West, with the northerly line of said 72.25 acre tract, a distance of 2580.78 feet to a 5/8 inch rebar found capped “Clinco” found at the northwesterly corner of said 72.25 acre tract in the easterly line of Virginia Military
Survey Number 2027 and in the westerly line of Virginia Military Survey Number 1162; 
  

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 Thence across said original 784.989 acre tract, the following courses and distances:

 North 40° 45’ 33” West, with the easterly line of Virginia Military Survey Number 2027 and with the westerly
line of Virginia Military Survey Number 1162, a distance of 31.89 feet to an iron pin set; 
 South 38° 10’ 31”
West, a distance of 1484.61 feet to an iron pin set; 
 South 40° 53’ 07” East, a distance of 648.98 feet to an
iron pin set; 
 South 46° 47’ 14” West, a distance of 232.26 feet to an iron pin set; 

South 32° 10’ 47” East, a distance of 209.16 feet to a railroad spike set in the centerline of Jenkins Road (Township Road
261) (40 feet wide), being the northerly line of Virginia Military Survey Number 2386 and being the southerly line of Virginia Military Survey Number 2027 and being the northerly line of that 300 acre tract conveyed to David W. Fife and James G.
Fife by deed of record in Official Record 677, Page 235; 
 Thence South 50° 24’ 05” West, with the centerline of
said Jenkins Road, the northerly line of Virginia Military Survey Number 2386, the southerly line of Virginia Military Survey Number 2027 and with the northerly line of said 300 acre tract, a distance of 1110.95 feet to a magnetic nail found at the
northwesterly corner of said 300 acre tract and at the northeasterly corner of that 150 acre tract conveyed as Parcel One to Wilmington Air Park, Inc. by deed of record in Official Record 79, Page 218, 

Thence South 50° 29’ 14” West, partially with the centerline of said Jenkins Road, the northerly line of Virginia Military
Survey Number 2386, the southerly line of Virginia Military Survey Number 2027 and with the northerly line of said 150 acre tract, a distance of 3009.80 feet (passing a 1/2 inch rebar capped “Clinco” found at 2969.90 feet) to a 5/8 inch
rebar capped “Clinco” found at the southeasterly corner of that 107.305 acre tract conveyed to Suburban Investments Co. by deed of record in Official Record 191, Page 337; 

Thence North 41° 09’ 10” West, with the easterly line of said 107.305 acre tract, a distance of 674.51 feet to an iron pin
set; 
 Thence across said Original 784.989 acre tract, the following courses and distances: 

North 38° 07’ 29” East, a distance of 1243.38 feet to an iron pin set; 

North 41° 34’ 04” West, a distance of 578.26 feet to an iron pin set; 

North 38° 36’ 07” East, a distance of 2458.81 feet to an iron pin set on the southerly right-of-way line of Airborne Road
(width varies) as dedicated in the “Dedication Plat Airborne Road & Extensions of Ruane Drive and Weil Way” of record in Plat Book 7, Pages 50A-51B; 
  

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 Thence with the southerly right-of-way line of said Airborne Road, the following courses and
distances: 
 With a curve to the left having a central angle of 06° 48’ 03”, a radius of 1250.00 feet, an arc
length of 148.37 feet and a chord that bears North 41° 32’ 04” East, a chord distance of 148.29 feet to a 1/2 inch rebar found in concrete at the point of tangency; 

North 38° 08’ 03” East, a distance of 1785.93 feet to a 1/2 inch rebar found in concrete; 

North 39° 00’ 07” East, a distance of 660.08 feet to a 1/2 inch rebar found in concrete; 

North 38° 08’ 03” East, a distance of 2098.06 feet to a 1/2 inch rebar found in concrete; 

North 37° 15’ 58” East, a distance of 660.08 feet to a 1/2 inch rebar found in concrete; 

North 38° 08’ 03” East, a distance of 576.77 feet to a 1/2 inch rebar found in concrete; 

North 39° 00’ 07” East, a distance of 660.08 feet to a 1/2 inch rebar found in concrete; 

North 38° 08’ 03” East, a distance of 2043.92 feet to a 1/2 inch rebar found in concrete at a point of curvature;

 With said curve to the right, having a central angle of 13° 42’ 14”, a radius of 1958.82 feet, an arc length of
468.51 feet and a chord that bears North 44° 59’ 10” East, a chord distance of 467.39 feet (passing a 1/2 inch rebar found in concrete at an arc length of 40.22 feet, being on the easterly line of Virginia Military Survey 1162 and
being on the westerly line of Virginia Military Survey 1170) to a 1/2 inch rebar found in concrete at a point of tangency; 

North 51° 50’ 17” East, a distance of 142.79 feet to a 1/2 inch rebar found in concrete; 

North 38° 09’ 43” West, a distance of 11.56 feet to an iron pin set at the easterly terminus of said Airborne Road, in the
southerly right-of-way line of said Airport Road; 
 Thence South 52° 40’ 03” West, with the easterly terminus of
said Airborne Road, a distance of 570.99 feet to a magnetic nail set at the southeasterly corner of that 1100.621 acre tract conveyed as Tract 1 to Wilmington Air Park LLC by deed of record in Official Record 516, Page 610, in the easterly line of
Virginia Military Survey 1162 and in the westerly line of Virginia Military Survey Number 1170; 
 Thence North 40° 57’
32” West, with the easterly line of said 1100.621 acre tract, with the easterly line of said original 92.076 acre tract, with the easterly line of Virginia Military Survey 1162 and with the westerly line of Virginia Military Survey Number 1170,
a distance of 93.30 feet (passing a magnetic nail set at 40.05 feet on the centerline of said Airport Road) to the POINT OF BEGINNING and containing 481.033 acres of land, more or less of which 7.591 acres is located in the right-of-way of
Airport Road, State Route 73 and Jenkins Road, approximately 58.279 acres is located in Virginia Military Survey Number 1170, approximately 222.766 acres is located in Virginia Military Survey Number 1162 and approximately 199.988 acres is located
in Virginia Military Survey Number 2027. 
  

 -43- 

 Iron pins set, where indicated, are iron pipes, thirteen sixteenths (13/16) inch inside
diameter, thirty (30) inches long with a plastic plug placed in the top bearing the initials EMHT INC. 
 This description
is based on existing records and an actual field survey performed in November 2009. 
 The bearings contained herein are based
on the Ohio State Plane Coordinate System, South Zone, NAD83 (1995). Said bearings originated from a field traverse which was tied (referenced) to said coordinate system by GPS observations and observations of selected NGS monuments AIRBORNE and
AIRBORNE AZ MK. The portion of the right-of-way line of Airborne Road, having a bearing of North 38° 08’ 03” East, is designated the “basis of bearing” for this survey. 

Note: The above described tract saves and excepts a 0.980 acre tract conveyed as parcel 23WDV to The City of Wilmington of
record in Official Record 673, Page 226, and of record in Survey Record 36, Pages 86-109, further described by the legal description prepared by Kevin L. Stacy, Professional Surveyor 7531, and described as follows: 

Situated in Union Township, Clinton County, State of Ohio, and being part of the Military Survey 1170, being conveyed to Wilmington Air
Park LLC by instrument of record in Official Record 516 Page 610 and is bounded and described as follows; 
 Commencing for
reference at the intersection of Airborne Road and existing S .R. 73; 
 Thence South 52° 01’ 17” West 75.37 feet
to a point in the southerly right-of-way line of said existing S.R. 73; 
 Thence South 43° 00’ 06” East 38.42
feet to a point in the existing southerly right-of-way line of said S.R. 73 and in the existing southerly right-of-way line of Airborne Road, said point also being at 38.28 feet right of centerline Station 42+08.76 (proposed Airborne Road), said
point also being the TRUE POINT OF BEGINNING of the parcel herein described; 
 Thence South 43° 00’ 06” East,
8.31 feet along the existing southerly right-of-way line of Township Road 153 to a point at 46.56 feet right of centerline Station 42+09.49 (proposed Airborne Road); 

Thence South 35° 40’ 13” East, 58.49 feet along the existing southerly right-of-way line of Township Road 153 to an iron
pin set at 105.00 feet right of centerline Station 42+07.13 (proposed Airborne Road); 
 Thence South 52° 53’ 35”
West, 657.21 feet to an iron pin set at 95.00 feet right of centerline Station 35+50.00 (proposed Airborne Road); 
  

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 Thence South 80° 49’ 27” West, 112.89 feet to an iron pin set on the existing
southerly right-of-way line of Airborne Road at 40.61 feet right of centerline Station 34+51.07 (proposed Airborne Road); 

Thence North 51° 50’ 42” East, 757.69 feet along the existing southerly right-of-way line of Airborne Road to the TRUE
POINT OF BEGINNING. 
 The above described area contains 0.980 acres of land, more or less, of which the present road occupies
0.000 acres of land, more or less. 
 This description was prepared under the direct supervision and reviewed on June 5,
2005 by Kevin L. Stacy, Professional Surveyor Number 7531. 
 This description is based on a survey made under the direction and
supervision of Paul Feie Professional Surveyor Number 6723 in 2004 and 2005. 
 The Grantor claims title by instrument of record
in Official Record 73, Page 687, Recorder’s Office, Clinton County, Ohio. 
 The basis of bearings in this description are
based upon the Ohio State Plane Coordinate System, Ohio South Zone NAD 83 (1995) utilizing NGS monuments stamped “GPS 19 2000”, “GPS 18 2000” and “GPS 22 2000”. 

The stations referred to herein are from the centerline of Right-of-Way of Airborne Road as found on the Ohio Department of
Transportation Right-of-Way Centerline Plat CLI-73-12.03 to be recorded in the Clinton County Recorder’s Office. 

Monuments referred to as iron pins set are 3/4 inch diameter, 30 inch long iron bars with a 2 1/2 inch diameter aluminum cap marked
‘ODOT R/W, District 8’. 
 TRACT 3: 

SITUATE IN UNION TOWNSHIP, CLINTON COUNTY, OHIO VIRGINIA MILITARY SURVEY NUMBER 1162, AND BEING PART OF THE REMAINING PART OF A 10.942 ACRE TRACT AS
CONVEYED BY DEED TO WILMINGTON AIR PARK, INC. AS RECORDED IN VOLUME 64, PAGE 154 OF THE CLINTON COUNTY OFFICIAL RECORDS AND BEING MORE PARTICULARLY DESCRIBED, AS FOLLOWS: COMMENCING FOR REFERENCE AT A RAILROAD SPIKE FOUND AT THE INTERSECTION OF THE
CENTERLINES OF OLD STATE ROUTE 73 AND AIRPORT ROAD; THENCE WITH THE CENTERLINE OF OLD STATE ROUTE 73, S 48°25’58” E 235.20’ TO A RAILROAD SPIKE FOUND AT THE SOUTHEASTERLY CORNER OF AIRLINE PROFESSIONAL ASSOCIATION’S, TEAMSTER
LOCAL 1224, 1.000 ACRE TRACT (OFFICIAL RECORD 328, PAGE 711) AND BEING THE TRUE POINT OF BEGINNING FOR THIS TRACT HEREIN DESCRIBED; THENCE WITH THE PROLONGATION OF SAID CENTERLINE S 48°25’58” E 50.03’ TO A RAILROAD SPIKE

  

 -45- 

 
FOUND AT THE CORNER OF EWE WAREHOUSE INVESTMENTS V, LTD.’S 6.252 ACRE TRACT, (OFFICIAL RECORD 312, PAGE 135); THENCE WITH THE LINE OF SAID 6.252 ACRE TRACT S 43°22’44” W
360.46’ TO A 5/8” IRON PIN FOUND IN THE LINE OF GREAT OAKS JOINT VOCATIONAL SCHOOL DISTRICT’S REMAINING PART 262.282 ACRE TRACT. (DEED BOOK 239, PAGE 482); THENCE WITH SAID SCHOOL DISTRICT’S LINE N 48°21’44” W
279.27’ TO A 1” O.D. PIPE FOUND; THENCE CONTINUING WITH SCHOOL DISTRICT’S LINE N 48°02’14” E 151.88’ TO A 5/8” IRON PIN FOUND AT THE CORNER OF SAID AIRLINE PROFESSIONAL ASSOCIATION’S 1.000 ACRE TRACT;
THENCE WITH THE LINE OF SAID 1.000 ACRE TRACT S 48°26’31” E 217.06’ TO A 5/8” IRON PIN FOUND; THENCE CONTINUING WITH THE LINE OF SAID 1.000 ACRE TRACT N 43°20’16” E 209.09’ TO THE TRUE POINT OF BEGINNING
CONTAINING 1.187 ACRES OF LAND, MORE OR LESS. 
 THIS SURVEY IS BASED UPON A FIELD SURVEY CONDUCTED UNDER THE DIRECTION OF R. DOUGLAS
SUTTON, OHIO PROFESSIONAL SURVEYOR NO. 7124 BY CLINCO & SUTTON SURVEYORS IN SEPTEMBER, 2001. IRON PINS REFERRED TO AS SET ARE 5/8” DIAMETER STEEL AND 30” IN LENGTH WITH A YELLOW CAP STAMPED “CLINCO & SUTTON”.
BEARINGS ARE BASED UPON AN ASSUMED AZIMUTH AND ARE FOR ANGULAR MEASUREMENT PURPOSES ONLY. RECORDED IN VOLUME 33, PLAT NO. 203, OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION. 

TRACT 4: 
 SITUATE IN UNION
TOWNSHIP, CLINTON COUNTY, OHIO, VIRGINIA MILITARY SURVEY NUMBER 1162, AND BEING PART OF THE REMAINING PART OF A 3.367 ACRE TRACT AND PART OF A 0.41 ACRE TRACT AS CONVEYED BY DEED TO WILMINGTON AIR PARK, INC. AS RECORDED IN VOLUME 64, PAGE 401 AND
VOLUME 148, PAGE 65 OF THE CLINTON COUNTY OFFICIAL RECORDS AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A MAG NAIL SET AT THE INTERSECTION OF THE NORTHWESTERLY RIGHT OF WAY OF AIRBORNE ROAD AND THE CENTERLINE OF OLD STATE ROUTE 73;
THENCE WITH THE CENTERLINE OF OLD STATE ROUTE 73, N 53°56’30” W 182.12’ TO A MAG NAIL SET AT THE CORNER OF EWE WAREHOUSE INVESTMENTS V, LTD’S 7.243 ACRE TRACT (OFFICIAL RECORD 312, PAGE 140); THENCE WITH THE LINE OF SAID
7.243 ACRE TRACT N 34°58’16” E (PASSING A 5/8” IRON PIN FOUND AT 54.06’) 120.22’ TO A 5/8” IRON PIN FOUND; THENCE CONTINUING WITH THE LINE OF SAID 7.243 ACRE TRACT N 67°10’58” E 296.11’ TO A
5/8” IRON PIN FOUND; 
 THENCE STILL WITH THE LINE OF SAID 7.243 ACRE TRACT S 55°30’32” E 42.71’ TO A CONCRETE MONUMENT
FOUND IN THE NORTHWESTERLY RIGHT OF WAY OF AIRBORNE ROAD; THENCE WITH SAID RIGHT OF WAY S 37°47’37” W 375.02’ TO THE POINT OF BEGINNING CONTAINING 1.183 ACRES OF LAND, MORE OR LESS. 

 

 -46- 

 THIS SURVEY IS BASED UPON A FIELD SURVEY CONDUCTED UNDER THE DIRECTION OF R. DOUGLAS SUTTON, OHIO
PROFESSIONAL SURVEYOR NO. 7124 BY CLINCO & SUTTON SURVEYORS IN AUGUST, 2001. IRON PINS REFERRED TO AS SET ARE 5/8” DIAMETER STEEL AND 30” IN LENGTH WITH A YELLOW CAP STAMPED “CLINCO & SUTTON”. BEARINGS ARE BASED
UPON AN ASSUMED AZIMUTH AND ARE FOR ANGULAR MEASUREMENT PURPOSES ONLY. RECORDED IN VOLUME 33, PLAT NO. 203, OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION. 
  

	TRACT 5:	INTENTIONALLY OMITTED AND NOTHING SUBSTITUTED THEREFOR 

  

	TRACT 6:	INTENTIONALLY OMITTED AND NOTHING SUBSTITUTED THEREFOR 

  

	TRACT 7:	INTENTIONALLY OMITTED AND NOTHING SUBSTITUTED THEREFOR 

TRACT 8: 
 SITUATE IN THE CITY OF
WILMINGTON, COUNTY OF CLINTON AND STATE OF OHIO: BEING PT MS 1162 AND PART OF VMS NO. 2027, AND BEING 6.092 ACRES OF LAND OUT OF TRACT NO. 3 AS CONVEYED IN DEED BOOK 120, PAGE 83 IN THE RECORDER’S OFFICE OF CLINTON COUNTY, OHIO; AND BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING FOR REFERENCE ONLY AT THE RAILROAD SPIKE IN THE INTERSECTION OF COUNTY ROAD 26 NORTH, COUNTY ROAD 26 EAST AND ABANDONED S.R. 73 WEST; THENCE WITH THE CENTER OF A 22.00 FOOT ACCESS EASEMENT S
48°13’35” W 1238.63 FEET TO A SPIKE; THENCE S 41°38’48” E 624.94 FEET TO A SPIKE; THENCE S 48°19’21” W 24.82 FEET TO A POINT; THENCE LEAVING SAID 22.00 FOOT ACCESS EASEMENT S 42°00’03” E 62.73
FEET TO AN IRON PIN, THE TRUE POINT OF BEGINNING, THENCE WITH THE NORTHEAST LINE WHICH ENCLOSES THE FUEL STORAGE AREA (1972) S 42°00’03” E 347.27 FEET TO AN IRON PIN, THENCE WITH THE SOUTHEAST LINE OF SAID FUEL STORAGE AREA
(1972) S 48°19’15” W 764.87 FEET TO A FENCE CORNER POST; THENCE WITH THE SOUTHWEST LINE OF SAID FUEL STORAGE AREA (1972) N 41°40’29” W 347.53 FEET TO A FENCE CORNER POST; THENCE WITH THE NORTHWEST LINE OF SAID
FUEL STORAGE AREA (1972) N 48°20’27” E 762.89 FEET TO SAID TRUE POINT OF BEGINNING, CONTAINING 6.092 ACRES OF LAND. 

SURVEY VOLUME 27-108 
 TOGETHER WITH A
NON-EXCLUSIVE ACCESS EASEMENT FOR THE BENEFIT OF TRACT 8, AS CREATED BY AN ACCESS EASEMENT FROM THE BOARD OF EDUCATION OF GREAT OAKS INSTITUTE OF TECHNOLOGY AND CAREER DEVELOPMENT, FKA GREAT OAKS JOINT VOCATIONAL SCHOOL DISTRICT TO WILMINGTON AIR
PARK, INC., FILED IN DEED VOLUME 145, PAGE 662, RECORDER’S OFFICE, CLINTON COUNTY, OHIO, WHICH EASEMENT IS MORE SPECIFICALLY DESCRIBED AS FOLLOWS: 

SITUATED IN UNION TOWNSHIP, CLINTON COUNTY, OHIO, AND BEING A PART OF M.S. #1162 . BEGINNING AT A PIN AT THE SOUTHERLY CORNER OF THE 52.038 ACRE TRACT AS
RECORDED IN VOLUME 24, PLAT NO. 252, OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION: RUNNING THENCE, FROM SAID POINT OF BEGINNING, WITH THE LINES OF SAID 52.038 ACRE TRACT, ON THE FOLLOWING COURSES: (1) N. 41° 59’ 35” W.,
570.29 FEET TO A PIPE; (2) N. 41° 38’ 23” W., 75.00 FEET TO A POINT; THENCE, ON THE FOLLOWING COURSES: (1) N. 48° 21’ 37” E., 30.00 FEET TO A POINT; (2) S. 41° 38’ 23” E., 74.91 FEET TO A
POINT; (3) S. 41° 59’ 35” E., 564.79 FEET TO A POINT; THENCE, WITH A LINE OF SAID 52.038 ACRE TRACT, S. 37° 47’ 49” W., 30.48 FEET TO THE POINT OF BEGINNING. 

 

 -47- 

 TRACT 9: 

SITUATE IN THE CITY OF WILMINGTON, CLINTON COUNTY, OHIO, AND BEING A PART OF MS NO. 1162 AND BOUNDED AND DESCRIBED AS FOLLOWS: BEGINNING AT A 5/8”
IRON PIN (FOUND) AT THE EASTERLY CORNER OF A 4.576 ACRE TRACT AS RECORDED IN VOLUME 13, PAGE 137 OF THE CLINTON COUNTY SURVEYORS RECORD: RUNNING THENCE, FROM SAID POINT OF BEGINNING, WITH THE NORTHEASTERLY LINE OF SAID 4.576 ACRE TRACT AND WITH THE
NORTHEASTERLY TERMINUS OF RUANE DRIVE N 52°18’49” W (PASSING A NAIL (FOUND) AT 537.82 FEET) A DISTANCE OF 587.82 FEET TO A POINT; THENCE WITH THE LINES OF THE HEREIN GRANTOR’S LANDS, ON THE FOLLOWING COURSES: 

1. N 37°47’34” E 27.76 FEET TO A NAIL (FOUND); 

2. S 52°10’35” E 118.01 FEET TO A 5/8” IRON PIN (FOUND); 

3. N 40°40’15” E 400.37 FEET TO A 1/2” IRON PIPE (FOUND); 

4. S 52°12’13” E 449.65 FEET TO A 1/2” IRON PIN (SET); 

THENCE, BY A NEW DIVISION LINE S 37°47’06” W 426.44 FEET TO THE POINT OF BEGINNING, CONTAINING FOUR AND FIVE HUNDRED EIGHTY-SIX THOUSANDTHS
(4.586) ACRES. 
 THIS DESCRIPTION IS THE RESULT OF A NEW SURVEY MADE UNDER THE DIRECTION OF RICHARD D. ROLL, REGISTERED SURVEYOR NO.
4957, BY CLINCO ENGINEERS & SURVEYORS, WILMINGTON, OHIO, IN MAY, 1984, AS RECORDED IN VOLUME 17, PLAT NO. 246 OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION. THE BEARINGS IN THIS DESCRIPTION WERE DERIVED FROM THE SURVEY OF THE
AFORESAID 4.576 ACRE TRACT. 
  

 -48- 

 TRACT 10: 

SITUATE IN THE CITY OF WILMINGTON, CLINTON COUNTY, OHIO, AND BEING A PART OF MS NO. 1162 AND MS NO. 2027 AND BOUNDED AND DESCRIBED AS FOLLOWS: COMMENCING
AT A 3/4” IRON PIPE (FOUND) AT THE NORTHERLY CORNER OF A 6.092 ACRE TRACT AS CONVEYED TO AVIATION FUEL, INC. IN VOLUME 285, PAGE 339 OF THE CLINTON COUNTY, OHIO DEED RECORDS, SAID PIPE BEING AT A CORNER OF A 195.568 ACRE TRACT AS RECORDED IN
VOLUME 24, PLAT NO. 12 OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION AND AT A CORNER OF A 52.038 ACRE TRACT AS RECORDED IN VOLUME 24, PLAT NO. 254 OF SAID RECORD OF LAND DIVISION; THENCE, WITH A LINE OF SAID 195.568 ACRE TRACT AND SAID
52.038 ACRE TRACT, N 41°38’23” W 75.00 FEET TO A POINT; THENCE S 48°08’00” W 542.30 FEET TO A 1/2” IRON PIN (SET) AT THE POINT OF BEGINNING FOR THE HEREIN DESCRIBED TRACT: RUNNING THENCE, FROM SAID POINT OF
BEGINNING, BY NEW DIVISION LINES, ON THE FOLLOWING COURSES: 
 1. S 48°37’45” W 561.48 FEET TO A 1/2” IRON PIN (SET);

 2. N 41°22’ 15” W 388.00 FEET TO A 1/2” IRON PIN (SET); 

3. N 48°37’45” E 561.48 FEET TO A 1/2” IRON PIN (SET); 

4. S 41°22’15” E 388.00 FEET TO THE POINT OF BEGINNING, CONTAINING FIVE AND ONE THOUSANDTH (5.001) ACRES. 

ALSO, A NON-EXCLUSIVE EASEMENT AND RIGHT-OF-WAY, FOR ACCESS PURPOSES, OVER THE FOLLOWING DESCRIBED TRACT: BEGINNING AT THE IRON PIN AT THE EASTERLY
CORNER OF THE ABOVE DESCRIBED 5.001 ACRE TRACT, RUNNING THENCE, FROM SAID POINT OF BEGINNING, N 48°08’00” E 542.30 FEET TO A POINT; THENCE, WITH A LINE OF THE AFORESAID 52.038 ACRE TRACT, S 41°38’23” E 75.00 FEET TO A
PIPE; THENCE, WITH A LINE OF THE AFORESAID 6.092 ACRE TRACT, S 48°20’55” W 762.89 FEET TO A POINT; THENCE, WITH A LINE OF THE AFORESAID 5.001 ACRE TRACT, N 48°37’45” E 220.63 FEET TO THE POINT OF BEGINNING. 

TRACT 11: 
 SITUATE IN THE STATE
OF OHIO, COUNTY OF CLINTON, CITY OF WILMINGTON, AND BEING PART OF VIRGINIA MILITARY SURVEY NO. 1162, AND BEING 0.392 ACRES OF LAND OUT OF TRACT NO. 41, AS CONVEYED TO THE UNITED STATES OF AMERICA IN DEED BOOK 165, PAGE 645, RECORDER’S OFFICE,
CLINTON COUNTY, OHIO, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING FOR REFERENCE ONLY AT A CONCRETE MONUMENT BEING THE
NORTHEASTERLY CORNER OF SAID TRACT NO. 41; THENCE WITH THE NORTHEAST LINE OF SAID TRACT NO. 41 AND A COMMON LINE OF VIRGINIA 
  

 -49- 

 
MILITARY SURVEY NO. 1162 AND VIRGINIA MILITARY SURVEY NO. 1170, NORTH 41°13’04” WEST 129.66 FEET TO A SPIKE; THENCE WITH THE CENTERLINE OF COUNTY ROAD 26 SOUTH, SOUTH
51°30’11” WEST 1654.33 FEET TO A SPIKE; THENCE LEAVING THE CENTERLINE OF SAID COUNTY ROAD 26, NORTH 52°08’41” WEST 264.77 FEET TO A SPIKE, THE TRUE POINT OF BEGINNING; 

THENCE WITH THE SOUTHEASTERLY LINE OF THE HEREIN DESCRIBED TRACT SOUTH 37°45’12” WEST 159.87 FEET TO AN IRON PIN; THENCE NORTH
52°08’26” WEST 106.84 FEET TO A SPIKE; THENCE NORTH 37°46’03” EAST 159.87 FEET TO A SPIKE; THENCE SOUTH 52°08’41” EAST 106.80 FEET TO THE SAID TRUE POINT OF BEGINNING, CONTAINING 0.392 ACRES OF LAND.

 TRACT 12: 
 SITUATE IN
THE CITY OF WILMINGTON, CLINTON COUNTY, OHIO, VIRGINIA MILITARY SURVEY NUMBER 1162 AND 1170, AND BEING PART OF THE REMAINING PART OF A 92.076 ACRE TRACT AS CONVEYED BY DEED TO THE GREAT OAKS JOINT VOCATIONAL SCHOOL DISTRICT AS RECORDED IN VOLUME
239, PAGE 482 OF THE CLINTON COUNTY DEED RECORDS AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING FOR REFERENCE AT A RAILROAD SPIKE FOUND IN THE CENTERLINE OF STATE ROUTE 73 AT THE NORTHERLY CORNER OF WILMINGTON AIR PARK L.L.C.’S
784.989 ACRE TRACT (OFFICIAL RECORD 516, PAGE 610) AS SURVEYED AND RECORDED IN VOLUME 33, PLAT NO. 203 OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION; THENCE WITH THE NORTHWESTERLY LINE OF SAID 784.989 ACRE TRACT AND BECOMING THE
NORTHWESTERLY RIGHT OF WAY OF AIRPORT ROAD AND ALSO THE CORPORATION LINE OF THE CITY OF WILMINGTON S 51°38’32” W 1415.09’ TO THE SOUTHERLY CORNER OF THE BOARD OF EDUCATION OF GREAT OAKS INSTITUTE OF TECHNOLOGY AND CAREER
DEVELOPMENT’S 36.500 ACRE TRACT (OFFICIAL RECORD 145, PAGE 647); THENCE WITH THE WESTERLY LINE OF SAID 36.500 ACRE TRACT N 52°09’19” W 1731.57’ TO AN IRON PIN SET MARKING THE TRUE POINT OF BEGINNING FOR THIS TRACT HEREIN
DESCRIBED; THENCE BY NEW DIVISION LINE THROUGH THE GRANTOR’S LANDS S 37°59’53” W 457.90’ TO AN IRON PIN SET IN THE LINE OF WILMINGTON AIR PARK L.L.C.’S 1105.622 ACRE TRACT (OFFICIAL RECORD 516, PAGE 610); THENCE WITH THE
LINE OF SAID 1105.622 ACRE TRACT N 52°14’24” W 20.83’ TO A 1/2” IRON PIN FOUND AT THE CORNER OF AVIATION FUEL INC.’S 4.586 ACRE TRACT (DEED BOOK 285, PAGE 337); THENCE WITH THE LINE OF SAID 4.586 ACRE TRACT N
52°09’59” W 449.42’ TO THE CORNER OF SAID WILMINGTON AIR PARK L.L.C.’S 1105.622 ACRE TRACT, AN IRON PIN SET BEARS S 69°20’39” W 0.36’; THENCE WITH THE LINE OF SAID 1105.622 ACRE TRACT N
52°11’49” W 938.65’ TO A 1/2” IRON PIN FOUND; THENCE CONTINUING WITH THE LINE OF SAID 1105.622 ACRE TRACT N 46°19’54” E 463.78’ TO A 1/2” IRON PIN FOUND AT A CORNER TO CORPORATION LINE OF SAID
WILMINGTON CITY AND ALSO BEING THE CORNER OF WILMINGTON COMMERCE PARK PARTNERSHIP’S 6.130 ACRE TRACT (OFFICIAL RECORD 350, PAGE 505); THENCE WITH SAID CORPORATION LINE, THE LINE OF SAID 6.130 ACRE TRACT AND

  

 -50- 

 
BECOMING THE LINE OF SAID WILMINGTON COMMERCE PARK PARTNERSHIP’S 7.325 ACRE TRACT (OFFICIAL RECORD 219, PAGE 275), THE LINE OF WILMINGTON COMMERCE PARK PARTNERSHIP’S 8.697 ACRE TRACT
(OFFICIAL RECORD 280, PAGE 89) AND THE LINE OF THE PREVIOUSLY STATED 36.500 ACRE TRACT S 52°09’19” E 1341.67’ TO THE TRUE POINT OF BEGINNING CONTAINING 14.467 ACRES OF LAND. 

NOTE: THE 14.467 ACRE TRACT CONTAINS 9.643 ACRES IN VMS NUMBER 1162 AND 4.824 ACRES IN VMS NUMBER 1170. 

IRON PINS REFERRED TO AS SET ARE 5/8” DIAMETER STEEL AND 30” IN LENGTH WITH A YELLOW CAP STAMPED “CLINCO & SUTTON”. BEARINGS
ARE BASED UPON AN ASSUMED AZIMUTH AND ARE FOR ANGULAR MEASUREMENT PURPOSES ONLY. RECORDED IN VOLUME 34, PLAT NO. 177, OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION. 

TRACT 13: 
 SITUATE IN THE
TOWNSHIP OF WASHINGTON, COUNTY OF CLINTON AND STATE OF OHIO, BEING A PART OF VIRGINIA MILITARY SURVEY NO. 1457 AND BEING PART OF THE 10.405 ACRE TRACT AS CONVEYED TO KENNETH L. HAWK AND VIOLET I. HAWK (OFFICIAL RECORD VOLUME 587, PAGE 367) AND
RECORDED IN VOLUME 34, PLAT NO. 251 OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION AND BEING AN AREA PRESENTLY LEASED BY ABX AIR, INC. FOR UTILITY PURPOSES, LEASE DATED FEBRUARY 24, 1989, AND BOUNDED AND DESCRIBED AS FOLLOWS: 

BEGINNING AT A POINT IN THE CENTER OF U.S. ROUTE 68 MARKING THE SOUTHWESTERLY CORNER OF THE 1.00 ACRE TRACT AS CONVEYED TO KENNETH L. AND VIOLET I. HAWK
(OFFICIAL RECORD VOLUME 605, PAGE 231) AND RECORDED IN VOLUME 14, PLAT NO. 394, OF THE AFORESAID RECORD OF LAND DIVISION AND MARKING A SOUTHEASTERLY CORNER OF THE AFORESAID 10.405 ACRE TRACT: 

RUNNING THENCE, FROM SAID POINT OF BEGINNING, WITH THE PRESENT LEASE LINES AND WITH THE CENTER OF U.S. ROUTE 68 ON THE FOLLOWING COURSES: 

(1) S 60° 56’ 58” W 129.73 FEET TO A NAIL (FOUND); (2) S 58° 39’ 28” W 69.88 FEET TO A POINT; THENCE WITH THE PRESENT
LEASE LINES AND BY NEW DIVISION LINES ON THE FOLLOWING COURSES: (1) N 29° 03’ 02” W (PASSING A 1/2” PIN (FOUND) AT 29.06 FEET) A DISTANCE OF 220.59 FEET TO A 1/2” PIN (FOUND); (2) N 60° 56’ 58” E
199.55 FEET TO A PIN (FOUND) IN A TREE MARKING THE NORTHWESTERLY CORNER OF THE AFORESAID 1.000 ACRE TRACT; THENCE WITH A PRESENT LEASE LINE AND WITH THE WESTERLY LINE OF SAID 1.000 ACRE TRACT S 29° 03’ 02” E (PASSING A1/2” PIN
(FOUND) AT 190.10 FEET) A DISTANCE OF 217.80 FEET TO THE POINT OF BEGINNING, CONTAINING ONE (1.000) ACRE, MORE OR LESS. 
  

 -51- 

 THIS DESCRIPTION IS THE RESULT OF A NEW SURVEY MADE UNDER THE DIRECTION OF STEVEN D. WEBB, REGISTERED
SURVEYOR NO. 7250, BY A.S.A.P. SURVEYS, SABINA, OHIO, IN MAY, 2005, AND RECORDED IN VOLUME 35, PLAT NO. 117, OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION. THE BEARINGS IN THIS DESCRIPTION WERE BASED UPON THE 10.405 ACRE TRACT (OFFICIAL
RECORD VOLUME 587, PAGE 367) AND RECORDED IN VOLUME 34, PLAT NO. 251 OF THE CLINTON COUNTY ENGINEERS RECORD OF LAND DIVISION (S 60° 56’ 58” W ON THE CENTER OF U.S. ROUTE 68). ALL PINS (SET) ARE5/8” IRON PINS WITH PLASTIC CAPS
STAMPED A.S.A.P. SUR. L.S. 7250. 
 TRACT 14: 

SITUATED IN THE COUNTY OF CLINTON IN THE STATE OF OHIO AND IN THE TOWNSHIP OF UNION, AND BEING A PART OF SURVEY NO. 885 AND BOUNDED AND DESCRIBED AS
FOLLOWS: 
 BEGINNING AT A POINT IN THE CENTER OF MELVIN ROAD (NO. 9) AT THE EASTERLY CORNER OF ELIZABETH CLEMENT COLLINGHAM’S 30 ACRE
TRACT AS RECORDED IN VOL. 7, PAGE 625 OF THE CLINTON SURVEYORS RECORD; THENCE WITH THE SOUTHEASTERLY LINE OF SAID 30 ACRE TRACT, S. 51° 10’ W. 25 FEET TO THE REAL POINT OF BEGINNING FOR THE HEREIN DESCRIBED TRACT: 

RUNNING THENCE FROM SAID REAL POINT OF BEGINNING, WITH THE SOUTHEASTERLY LINE OF SAID 30 ACRE TRACT, S. 51° 10’ W. 125 FEET TO A POINT; THENCE
ON THE FOLLOWING COURSES: (1) N. 39° 36’ 25” W. 125 
 FEET TO A POINT; (2) N. 51° 10’ E. 125 FEET TO A POINT;
(3) PARALLEL TO MELVIN ROAD S. 39° 36’ 25” E. 125 FEET TO THE REAL POINT OF BEGINNING, CONTAINING .359 OF AN ACRE. SURVEY RECORD VOL. 20, PAGE 84. 

TRACT 15: 
 Situated in the State
of Ohio, County of Clinton, Township of Union, located in Virginia Military Survey Number 2027 being a part of that Original 784.989 acre tract conveyed as Tract 2 to Wilmington Air Park LLC of record in Official Record 516, Page 610 (all references
refer to the records of the Recorder’s Office, Clinton County, Ohio), and being more particularly bounded and described as follows: 

Beginning, for reference, at a magnetic nail, with no head, found at the centerline intersection of Township Road 261 (known as Jenkins
Road to the West and known as McCoy Road to the East) (40 feet wide) and County Road 35 (Old State Route 73) at a northerly corner of that 149.319 acre tract conveyed as Tract II to L.T. Land Development, LLC of record in Official Record 597, Page
441, the southeasterly corner of that 72.25 acre tract conveyed as tract 71 to Wilmington College of record in Deed Book 184, Page 306, a southerly corner of said original 784.989 acre tract and the northwesterly corner of that 5.03 acre tract
conveyed to Glen William Ramseyer and Mary Alice Ramseyer of record in Deed Book 246, Page 282, being on the southerly line of Virginia Military Survey 1162 and being on the northerly line of Virginia Military Survey 2386; 

 

 -52- 

 Thence South 46° 56’ 14” West, a distance of 3310.76 feet to a magnetic nail
found on the centerline of said Jenkins Road, on the southerly line of Virginia Military Survey 2027 and on the northerly line of Virginia Military Survey 2386, at a southwesterly corner of that 25.54 acre tract conveyed as Tract 74 to Wilmington
College by deed of record in Deed Book 184, Page 306, and being on the northerly line of that 300 acre tract conveyed to David W. Fife and James G. Fife of record in Official Record 677, Page 235; 

Thence South 49° 24’ 42” West, with the centerline of said Jenkins Road, the northerly line of said 300 acre tract, the
southerly line of Virginia Military Survey 2027 and the northerly line of Virginia Military Survey 2386, a distance of 843.96 feet to the TRUE POINT OF BEGINNING; 

Thence South 49° 24’ 42” West, with the centerline of said Jenkins Road, the northerly line of said 300 acre tract, the
southerly line of Virginia Military Survey 2027 and the northerly line of Virginia Military Survey 2386, a distance of 110.70 feet to a point; 

Thence across said Tract 2, the following courses and distances: 

North 39° 01’ 32” West, a distance of 141.68 feet to a point; 

North 50° 47’ 22” East, a distance of 108.26 feet to a point; 

South 40° 00’ 51” East, a distance of 139.03 feet to the TRUE POINT OF BEGINNING and containing 0.353 acre, more or
less. 
 The bearings contained herein are based on the Ohio State Plane Coordinate System, South Zone, NAD83 (1995). Said
bearings originated from a field traverse which was tied (referenced) to said coordinate system by GPS observations and observations of selected NGS monuments AIRBORNE and AIRBORNE AZ MK. The portion of the right-of-way line of Airborne Road, having
a bearing of North 38° 08’ 03” East, is designated the “basis of bearing” for this survey. 
 Together with a
non-exclusive access easement for the benefit of Tract 15, as created in the lease between Wilmington Air Park, LLC and Clinton County Port Authority, as evendenced in the Memorandum of Lease filed
            , 2010, and recorded in                     , Page
                     Recorder’s Office Clinton County, Ohio, which easement is more specifically described as follows: 

Situated in the State of Ohio, County of Clinton, Township of Union, located in Virginia Military Survey Number 2027 being a part of that Original
784.989 acre tract conveyed as Tract 2 to Wilmington Air Park LLC of record in Official Record 516, Page 610 (all references refer to the records of the Recorder’s Office, Clinton County, Ohio), and being more particularly bounded and described
as follows: 
 Beginning, for reference, at a magnetic nail, with no head, found at the centerline intersection of Township Road
261 (known as Jenkins Road to the West and known as McCoy Road to the East) (40 feet wide) and County Road 35 (Old State Route 73) at a northerly corner of that 149.319 acre tract conveyed as Tract II to L.T. Land Development, LLC of record in
Official Record 597, Page 441, the southeasterly corner of that 72.25 acre tract conveyed as tract 71 to Wilmington College of record in Deed Book 184, Page 306, a southerly corner of said original 784.989 acre tract and the northwesterly corner of
that 5.03 acre tract conveyed to Glen William Ramseyer and Mary Alice Ramseyer of record in Deed Book 246, Page 282, being on the southerly line of Virginia Military Survey 1162 and being on the northerly line of Virginia Military Survey 2386;

  

 -53- 

 Thence South 46° 56’ 14” West, a distance of 3310.76 feet to a magnetic nail
found on the centerline of said Jenkins Road, on the southerly line of Virginia Military Survey 2027 and on the northerly line of Virginia Military Survey 2386, at a southwesterly corner of that 25.54 acre tract conveyed as Tract 74 to Wilmington
College by deed of record in Deed Book 184, Page 306, and being on the northerly line of that 300 acre tract conveyed to David W. Fife and James G. Fife of record in Official Record 677, Page 235; 

Thence South 49° 24’ 42” West, with the centerline of said Jenkins Road, the northerly line of said 300 acre tract, the
southerly line of Virginia Military Survey 2027 and the northerly line of Virginia Military Survey 2386, a distance of 790.66 feet to the TRUE POINT OF BEGINNING; 

Thence South 49° 24’ 42” West, with the centerline of said Jenkins Road, the northerly line of said 300 acre tract, the
southerly line of Virginia Military Survey 2027 and the northerly line of Virginia Military Survey 2386, a distance of 53.30 feet to a point; 

Thence across said Tract 2, the following courses and distances: 

North 40° 00’ 51” West, a distance of 139.03 feet to a point; 

South 50° 47’ 22” West, a distance of 108.26 feet to a point; 

South 39° 01’ 32” East, a distance of 141.68 feet to a point on the centerline of said Jenkins Road, the northerly line of
said 300 acre tract, the southerly line of Virginia Military Survey 2027 and the northerly line of Virginia Military Survey 2386; 

Thence South 49° 24’ 42” West, with said centerline, said northerly line of said 300 acre tract, said southerly line of
Virginia Military Survey 2027 and said northerly line of Virginia Military Survey 2386, a distance of 40.57 feet to a point; 

Thence across said Tract 2, the following courses and distances: 

North 40° 35’ 18” West, a distance of 201.48 feet to a point; 

North 49° 24’ 42” East, a distance of 204.58 feet to a point; 

South 40° 35’ 18” East, a distance of 201.48 feet to the TRUE POINT OF BEGINNING and containing 0.594 acre, more or less.

 The bearings contained herein are based on the Ohio State Plane Coordinate System, South Zone, NAD83 (1995). Said bearings
originated from a field traverse which was tied (referenced) to said coordinate system by GPS observations and observations of selected NGS monuments AIRBORNE and AIRBORNE AZ MK. The portion of the right-of-way line of Airborne Road, having a
bearing of North 38° 08’ 03” East, is designated the “basis of bearing” for this survey. 
  

 -54- 

			
		  	EXHIBIT A (Cont.)
	
	Wilmington Air Park Site Map
	
	

 EXHIBIT B 

The Premises 
  

			
	 Building Number
	  	 Leased Space

		
	224 (Fitness Facility)	  	All
		
	1003 (Hangar)	  	All
		
	1004 (Hangar)	  	All
		
	1005 (Hangar)	  	All
		
	1010 (Aircraft Parts)	  	All
		
	2061 (Administration Building)	  	All second floor areas and that portion of first floor housing the flight simulators, flight training offices and flight training classrooms (exclusive of what is commonly known
as the “DHL training room”)
		
	2062 (Line Services)	  	All
		
	2065 (Surplus Sales)	  	All
		
	2066 (Base Shops)	  	All
		
	2067 (Control Tower)	  	All
		
	1025 (Air Park Services)	  	All
		
	1025A (Air Park Services)	  	All
		
	1026 (Air Park Services)	  	All
		
	1026A (Air Park Services)	  	All

 EXHIBIT C 

Illustration of Fuel Tanks 

	
	

 EXHIBIT D 

Location of Tenant’s Fiber Optics Systems 

As of the Effective Date, the precise location(s) of Tenant’s Fiber Optic Systems in and at the Air Park have not been identified.
After the Effective Date, Landlord and Tenant shall work cooperatively (if and as reasonably practical to do so and without undue expense to either party) to develop an Exhibit D which illustrates and describes with reasonable precision the
location(s) of Tenant’s Fiber Optic Systems in and at the Air Park. 

 EXHIBIT E 

Approved Subleases 
  

			
	 Tenant Affiliate
	  	 Portion of Premises Occupied

		
	ABX Air, Inc.	  	Buildings 224, 2061, 2067, and 2065 (partial)
		
	ABX Equipment and Facility Services (currently division of ABX Air, Inc.)	  	Buildings 1025, 1025A, 1026, 1026A, 2062, and 2065 (partial)
		
	ABX Cargo Services, Inc.	  	Building 2065 (partial)
		
	ABX Material Services, Inc.	  	Building 2065 (partial)
		
	Airborne Maintenance and Engineering Services, Inc.	  	Buildings 1003, 1004, 1005, 1010, and 2066

 4/21/2010
7978570 V.6

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