EMPLOYMENT AGREEMENT

                                     BETWEEN

                                THOMAS D. PESCHIO

                                       AND

                        GOVERNMENT PROPERTIES TRUST, INC.



         This Employment Agreement (the "Agreement"), dated as of September 30,

2003 ("Effective Date"), between Government Properties Trust, Inc., a Maryland

corporation (the "Company"), and Thomas D. Peschio, a resident of Nebraska (the

"Executive"):



         WHEREAS, the Executive has extensive experience in owning and operating

real estate companies which acquire, broker, lease and manage commercial real

estate and real estate investment entities and has previously served as the

President and as a Director of the Company's predecessor, Gen-Net Lease Income

Trust, Inc. ("Gen-Net"); and



         WHEREAS, the Company wishes to continue to employ the Executive in the

capacities and on the terms and conditions set out below, and the Executive

desires to continue such employment, in the capacities and on the terms and

conditions set forth below.



         NOW, THEREFORE, the Company and the Executive, in consideration of the

respective covenants set out below, hereby agree as follows:



         1.       EMPLOYMENT.



                  (a) POSITIONS. The Executive shall be employed by the Company

         as its President and Chief Executive Officer ("CEO"). The Executive

         shall also serve as a member of the Company's initial Board of

         Directors and thereafter as elected.



                  (b) DUTIES. The Executive's principal employment duties and

         responsibilities shall be those duties and responsibilities customary

         for the positions of President and CEO and such other executive duties

         and responsibilities as the Board of Directors ("Board") shall from

         time to time reasonably assign to the Executive and as are set forth in

         the Company's Bylaws applying to the President and CEO. The Executive

         shall be responsible for and have authority over the day-to-day

         operational management of the Company. The Executive shall report

         directly to the Board. All other officers of the Company shall report

         to the Executive or such person(s) as the Executive may designate from

         time to time.





{PAGE}



                  (c) EXTENT OF SERVICES. Except for illnesses and vacation

         periods, the Executive shall devote a substantial majority of his time,

         attention and best efforts to the performance of his business duties

         and responsibilities under this Agreement. Notwithstanding the

         foregoing, Executive (i) may make any passive investment where he is

         not obligated or required to, and shall not in fact, devote any

         managerial efforts, (ii) may participate in charitable, academic,

         political or community activities and boards, and in trade or

         professional organizations, and (iii) may hold directorships in other

         companies consistent with the Company's conflict of interest policies

         and corporate governance guidelines as in effect from time to time.



         2. TERM. This Agreement shall be effective as of the Effective Date and

shall continue in full force and effect thereafter for a term of five (5) years

following the Effective Date. At the end of the five (5) year term this

Agreement shall be automatically extended for an additional one (1) year on each

anniversary of the Effective Date thereafter (the last day of each such term is

referred to herein as a "Term Date"), unless either party terminates this

Agreement not later than ninety (90) days prior to a Term Date by providing

written notice to the other party of such party's intent not to renew, or it is

sooner terminated pursuant to Section 7. For purposes of this Agreement, "Term"

shall mean the period of five (5) years following the Effective Date hereof plus

any extensions pursuant to this Section 2.



         3. BASE SALARY. The Company shall pay the Executive a base salary

annually (the "Base Salary"), which shall be payable in periodic installments

according to the Company's normal payroll practices. The initial Base Salary

shall be $350,000.00. The Board or the Compensation and Human Resources

Committee of the Company (the "Compensation Committee") shall review the Base

Salary at least once a year to determine whether the Base Salary should be

increased effective January 1 of any year during the Term. For purposes of this

Agreement, the term "Base Salary" shall mean the amount established and adjusted

from time to time pursuant to this Section 3. The Base Salary shall be increased

for each calendar year during the Term by a percentage equal to the percentage

increase, if any, in the level of the CPI (as hereinafter defined) last

published prior to January 1 of the year in question over the level of the CPI

published in 2003. The Base Salary for any year, as increased under this

Section, shall not be subsequently reduced notwithstanding any reduction in the

level of the CPI.



         The term "CPI" means the Consumer Price Index now known as the U.S.

Bureau of Labor and Statistics Consumer Price Index for Urban Wage Earners and

Clerical Workers, all Items for the Omaha, Nebraska SMSA. If the CPI shall be

discontinued, the foregoing calculation shall be made using a reasonably

equivalent successor or comparable measure of increase in the cost of living in

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