Certificate of Completion

City of Toronto

720 King Street West, Toronto, Ontario

720 King Street West, Toronto, Ontario

5th Floor Core and Corridor Construction

Date substantially performed:

2004-12-10

Date certificate signed:

2005-01-06

Name of Owner

720 King West Inc.

Address of Owner

166 Pearl Street, Suite 200, Toronto, ON M5H 1L3

Name of Certifier

IDAC Management Inc.

Address of Certifier

226 Randall Street, Suite 101, Oakville, ON L6J 1P7

Part of Lots 16, 17, 20 and 23 and all of Lots 21 and 22, Section I Military Reserve in the City of Toronto designated as Parts 4 and 5 on Plan 63R-1535 save and except lands described as Part 1 on Plan 63R-3546