DIGITAL REALTY TRUST, INC.
FOUR EMBARCADERO CENTER, SUITE 3200
SAN FRANCISCO, CA 94111
October 24, 2016
Daniel W. Papes
c/o Digital Realty Trust, Inc.
1 State Street, 21st Floor
New York, New York 10004
Re: EMPLOYMENT TERMS

Dear Daniel:
Digital Realty Trust, Inc. (the “REIT”) and DLR LLC (the “Employer” and together
with the REIT, the “Company”) are pleased to offer you employment with the REIT
and the Employer on the terms and conditions set forth in this letter (this
“Agreement”), effective as of October 31, 2016 (the “Effective Date”).
1.TERM. Subject to the provisions for earlier termination hereinafter provided,
your employment hereunder shall be for a term (the “Term”) commencing on the
Effective Date and ending on the third (3rd) anniversary of the Effective Date
(the “Initial Termination Date”). If not previously terminated, the Term shall
automatically be extended for one additional year on the Initial Termination
Date unless either you or the Company elect not to so extend the Term by
notifying the other party, in writing, of such election not less than sixty (60)
days prior to the Initial Termination Date.
2.    POSITION, DUTIES AND RESPONSIBILITIES. During the Term, the Company will
employ you, and you agree to be employed by the Company, as Senior Vice
President, Global Sales and Marketing of the REIT and the Employer. In the
capacity of Senior Vice President, Global Sales and Marketing, you will have
such duties and responsibilities as are normally associated with such position
and will devote your full business time and attention to serving the Company in
such position. Your duties may be changed from time to time by the Company,
consistent with your position. You will report to the Chief Executive Officer of
the Company. You will work full-time at our offices located in New York, New
York (or such other location in the greater New York metropolitan area as the
Company may utilize as its offices), except for travel to other locations as may
be necessary to fulfill your responsibilities. At the Company’s request, you
will serve the Company and/or its subsidiaries and affiliates in other

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offices and capacities in addition to the foregoing. In the event that you serve
in any one or more of such additional capacities, your compensation will not be
increased beyond that specified in this Agreement. In addition, in the event
your service in one or more of such additional capacities is terminated, your
compensation, as specified in this Agreement, will not be diminished or reduced
in any manner as a result of such termination for so long as you otherwise
remain employed under the terms of this Agreement.
3.    BASE COMPENSATION. During the Term, the Company will pay you a base salary
of $400,000 per year, less payroll deductions and all required withholdings,
payable in accordance with the Company’s normal payroll practices and prorated
for any partial month of employment. Your annual base salary may be increased,
but not decreased, by the Compensation Committee of the Board of Directors of
the REIT (the “Compensation Committee”) in its discretion pursuant to the
Company’s policies as in effect from time to time, and such increased amount
thereafter will be your base salary per year for purposes of this Agreement.
4.    ANNUAL BONUS. In addition to the base salary set forth above, during the
Term, commencing with calendar year 2016, you will be eligible to participate in
the Company’s incentive bonus plan applicable to similarly situated executives
of the Company. The amount of your annual bonus will be based on the attainment
of performance criteria established and evaluated by the Company in accordance
with the terms of such bonus plan as in effect from time to time, provided that,
subject to the terms of such bonus plan and attainment of performance criteria
established by the Company, your target and maximum annual bonus shall be one
hundred percent (100%) and one hundred fifty percent (150%), respectively, of
your base salary for such year, pro-rated for your partial year of employment
for calendar year 2016. Any annual bonus that becomes payable to you is intended
to satisfy the short-term deferral exemption under Treasury Regulation Section
1.409A-1(b)(4) and shall be made not later than the last day of the applicable
two and one-half (2 ½) month “short-term deferral period” with respect to such
annual bonus, within the meaning of Treasury Regulation Section 1.409A-1(b)(4).
In addition to any annual bonus (if any) payable to you with respect to calendar
year 2016, you will be eligible to receive an additional one-time payment with
respect to calendar year 2016 in the amount of $35,000, less payroll deductions
and all required withholdings, payable on or before March 31, 2017 subject to
your continued employment with the Company through the payment date.
5.    SIGN-ON BONUS. Subject to your continued employment with the Company
through the payment date, you will be eligible to receive a one-time cash
payment in the amount of $125,000, less payroll deductions and all required
withholdings, payable within forty-five (45) days following the Effective Date
(the “Sign-On Bonus”). In the event that you voluntarily resign your employment
with the Company or the Company terminates your employment for Cause, in either
case, prior to the first anniversary of the Effective Date, you will be required
to

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repay the Company an amount equal to the product of (x) the Sign-On Bonus and
(y) a fraction, the numerator of which equals the number of full days following
your termination of employment until the first anniversary of the Effective
Date, and the denominator of which equals 365.
6.    BENEFITS AND VACATION. During the Term, you will be eligible to
participate in all savings and retirement plans, practices, policies and
programs maintained or sponsored by the Company from time to time which are
applicable to other similarly situated executives of the Company, subject to the
terms and conditions thereof. During the Term, you will also be eligible for
standard benefits, such as medical insurance, paid time-off and holidays to the
extent applicable generally to other similarly situated executives of the
Company, subject to the terms and conditions of the applicable Company plans or
policies.
7.    LONG-TERM INCENTIVE AWARDS. Subject to approval by the Compensation
Committee and your continued employment with the Company through the grant date,
the REIT agrees to grant to you in your capacity as an employee of the Company
and in consideration of your provision of services to the Company (i) an award
of profits interest units of Digital Realty Trust, L.P. (the “Operating
Partnership”) equivalent to approximately $125,000 as of the date of grant,
which will be subject to time-based vesting, and (ii) an award of Class D
profits interest units of the Operating Partnership, to be granted in 2017 at
such time as annual awards of Class D profits interest units are made by the
Company, equivalent to approximately $1,000,000 as of the date of grant, which
will be subject to performance-based vesting (collectively, the “Grants”). 
Alternatively, if you do not qualify as an accredited investor or if you
otherwise so elect, you will receive (i) a restricted stock unit grant subject
to time-based vesting in lieu of profits interest units and (ii) a restricted
stock unit grant subject to performance-based vesting in lieu of the Class D
profits interest units.  The number of profits interest units and Class D
profits interest units (or, if applicable, restricted stock units) to be issued
will be determined by the Compensation Committee in its discretion. Subject to
your continued employment with the Company, twenty-five percent (25%) of the
profits interest units (or, if applicable, restricted stock units) subject to
the time-based Grant shall vest on each of the first four anniversaries of the
date of grant or such other date as the Compensation Committee may determine,
and the performance-based Grant shall vest in accordance with a vesting schedule
approved by the Compensation Committee.  Consistent with the foregoing, the
terms and conditions of the Grants shall be set forth in profits interest units
and Class D profits interest units agreements (or, if applicable, restricted
stock units agreements) which will be provided to you for acceptance and as
evidence of such Grants as soon as administratively possible following the
applicable grant date. 
8.    TERMINATION OF EMPLOYMENT.

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(a)    Without Cause or for Good Reason. Subject to Section 8(g) below, in the
event of a termination of your employment during the Term by the Company without
Cause or by you for Good Reason (each as defined below), then, in addition to
any other accrued amounts payable to you through the date of termination of your
employment (such date, or the date of your death if applicable under Section
8(c) below, the “Termination Date”), the Company will pay and provide you with
the following payments and benefits:
(i)    payable within thirty (30) days after your Termination Date (with the
exact payment date to be determined by the Company in its discretion), a
lump-sum severance payment in an amount equal to the sum of (x) one (1.0) (the
“Severance Multiple”) times the sum of (A) your annual base salary as in effect
on the Termination Date, plus (B) your target annual bonus for the fiscal year
in which the Termination Date occurs (in the case of both (A) and (B), without
giving effect to any reduction which constitutes Good Reason), (y) the Stub Year
Bonus, plus (z) the Prior Year Bonus, if any;
(ii)    for a period commencing on the Termination Date and ending on the
earlier of (x) the twelve (12)-month anniversary of the Termination Date or (y)
the date on which you become eligible to receive comparable group health
insurance coverage under a subsequent employer’s plans, the Company shall
continue to provide you and your eligible family members with group health
insurance coverage at least equal to that which would have been provided to you
if your employment had not been terminated (including, in the discretion of the
Company, by purchasing COBRA coverage for you and your eligible family members);
provided, however, that if (A) any plan pursuant to which the Company is
providing such coverage is not, or ceases prior to the expiration of the period
of continuation coverage to be, exempt from the application of Section 409A of
the Code (as defined below) under Treasury Regulation Section 1.409A-1(a)(5), or
(B) the Company is otherwise unable to continue to cover you under its group
health plans or doing so would jeopardize the tax-qualified status of such
plans, then, in either case, an amount equal to the monthly plan premium payment
shall thereafter be paid to you as currently taxable compensation in
substantially equal monthly installments over the continuation period (or the
remaining portion thereof);
(iii)    for a period commencing on the Termination Date and ending on the
twelve (12)-month anniversary of the Termination Date, the Company shall, at its
sole expense and on an as-incurred basis, provide you with outplacement
counseling services directly related to your termination of employment with the
Company, the provider of which shall be selected by the Company; and
(iv)    to the extent that any outstanding Company equity-based awards issued to
you under the Company’s equity incentive plans are subject to vesting based on
continued employment or the lapse of time, such awards shall become vested and
exercisable

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immediately prior to the Termination Date. The vesting of any awards that are
subject to vesting based on the satisfaction of performance goals, including,
without limitation, any performance-based profits interest units of the
Operating Partnership and other “outperformance awards” issued to you, shall be
governed by the terms of the award agreements evidencing such awards. For
purposes of clarification, except as otherwise provided under any award
agreements relating to such awards, the terms set forth in this Agreement,
including this Section 8, are intended to be in addition to (and not in lieu of)
the vesting and acceleration features related to such stock options and other
equity-based awards (including profits interest units of the Operating
Partnership and other “outperformance awards”) held by you and included
elsewhere, including in any award agreements related to such awards, and the
vesting and acceleration terms hereof shall be applicable only to the extent
they result in additional acceleration or vesting of such stock options and
other equity-based awards held by you.
(b)    Change in Control. Subject to Section 8(g) below, in the event that a
Change in Control (as defined in the Digital Realty Trust, Inc., Digital
Services, Inc. and Digital Realty Trust, L.P. 2014 Incentive Award Plan, as
amended, or any successor incentive plan) occurs during the Term and, on the
date of or within one year after such Change in Control, you incur a termination
of employment by the Company without Cause or by you for Good Reason (each as
defined below), then, in addition to any other accrued amounts payable to you
through the Termination Date, you shall be entitled to the payments and benefits
provided in Section 8(a) hereof, subject to the terms and conditions thereof,
except that, for purposes of this Section 8(b), the Severance Multiple shall be
equal to two (2.0).
(c)    Death or Disability. Subject to Section 8(g) below, and notwithstanding
anything to the contrary contained herein, in the event of a termination of your
employment during the Term by reason of your death or Disability (as defined
below), then, in addition to any other accrued amounts payable to you through
the Termination Date, the Company will pay and provide you (or your estate or
legal representative) with the following payments and benefits:
(i)     payable within thirty (30) days after your Termination Date (with the
exact payment date to be determined by the Company in its discretion), a
lump-sum severance payment in an amount equal to the sum of (w) your annual base
salary as in effect on the Termination Date, (x) your target annual bonus for
the fiscal year in which the Termination Date occurs, (y) the Stub Year Bonus,
plus (z) the Prior Year Bonus, if any; and
(ii)     to the extent that any outstanding Company equity-based awards issued
to you under the Company’s equity incentive plans are subject to vesting based
on continued employment or the lapse of time, such awards shall become vested
and exercisable immediately prior to the Termination Date. The vesting of any
awards that are subject to vesting based on the satisfaction of performance
goals, including, without limitation, any performance-

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based profits interest units of the Operating Partnership and other
“outperformance awards” issued to you, shall be governed by the terms of the
award agreements evidencing such awards.
(d)    Expiration; Non-renewal. Notwithstanding anything contained herein, in no
event shall the expiration of the Term set forth in Section 1 above or the
Company’s election not to renew or extend the Term or your employment with the
Company constitute a termination your employment by the Company without Cause.
(e)    Termination of Offices and Directorships. Upon a termination of your
employment for any reason, except to the extent otherwise determined by the
Board of Directors of the REIT (the “Board”) in its sole discretion, you shall
be deemed to have resigned from all offices, directorships and other employment
positions, if any, then held with the Company or any member of the Digital Group
(as defined below), and you agree that you shall take all actions reasonably
requested by the Company to effectuate the foregoing.
(f)    Potential Six-Month Delay. Notwithstanding anything to the contrary in
this Agreement, no compensation or benefits, including without limitation any
termination payments or benefits payable under this Section 8, shall be paid to
you prior to the expiration of the six (6)-month period following your
“separation from service” from the Company (within the meaning of Section
409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”))
to the extent that the Company determines that paying such amounts at the time
or times indicated in this Agreement would be a prohibited distribution under
Section 409A(a)(2)(B)(i) of the Code. If the payment of any such amounts is
delayed as a result of the previous sentence, then on the first business day
following the end of such six (6)-month period (or such earlier date upon which
such amount can be paid under Section 409A of the Code without resulting in a
prohibited distribution, including as a result of your death), the Company shall
pay you a lump-sum amount equal to the cumulative amount that would have
otherwise been payable to you during such six (6)-month period, plus interest
thereon from the Termination Date through the payment date at a rate equal to
the then-current “applicable Federal rate” determined under Section
7872(f)(2)(A) of the Code.
(g)    Release; Compliance with Covenants. Notwithstanding anything contained
herein, your right to receive the payments and benefits set forth in this
Section 8 is conditioned on and subject to (i) your execution within twenty-one
(21) days (or, to the extent required by applicable law, forty-five (45) days)
following the Termination Date and non-revocation within seven (7) days
thereafter of a general release of claims against the Digital Group (as defined
below), in a form reasonably acceptable to the Company, (ii) your continued
compliance with the restrictive covenants set forth in Section 10 of this
Agreement and any similar covenants set forth in any other agreement between you
and the Company, and (iii) your compliance with Section 8(e) above.

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(h)    Definitions. For purposes of this Agreement:
(A)    “Cause” shall mean (1) your willful and continued failure to
substantially perform your duties with the Company (other than any such failure
resulting from your incapacity due to physical or mental illness), after a
written demand for substantial performance is delivered to you by the Company,
which demand specifically identifies the manner in which the Company believes
that you have not substantially performed your duties and which failure is not
cured within thirty (30) days of receiving such notice; (2) your willful
commission of an act of fraud or dishonesty resulting in economic or financial
injury to the Company or its subsidiaries or affiliates; (3) your conviction of,
or entry by you of a guilty or no contest plea to, the commission of a felony or
a crime involving moral turpitude; (4) a willful breach by you of any fiduciary
duty owed to the Company which results in economic or other injury to the
Company or its subsidiaries or affiliates; (5) your willful and gross misconduct
in the performance of your duties hereunder that results in economic or other
injury to the Company or its subsidiaries or affiliates and which misconduct is
not cured within thirty (30) days after written notification is delivered to you
by the Company that specifically identifies any such misconduct; (6) your
willful and material breach of your covenants set forth in Section 10 below; or
(7) a material breach by you of any of your other obligations under this
Agreement after written notice is delivered to you by the Company which
specifically identifies such breach. For purposes of this provision, no act or
failure to act on your part will be considered “willful” unless it is done, or
omitted to be done, by you in bad faith or without reasonable belief that your
action or omission was in the best interests of the Company. Notwithstanding the
foregoing, in the event you incur a “separation from service” by reason of a
termination of your employment by the Company (other than by reason of your
death or Disability or pursuant to clause (3) of this paragraph) on or within
one year after a Change in Control or within the six month period immediately
preceding a Change in Control in connection with such Change in Control, it
shall be presumed for purposes of this Agreement that such termination was
effected by the Company other than for Cause unless the contrary is established
by the Company.
(B)    “Disability” shall mean a disability that qualifies or, had you been a
participant, would qualify you to receive long-term disability payments under
the Company’s group long-term disability insurance plan or program, as it may be
amended from time to time.
(C)    “Good Reason” shall mean the occurrence of any one or more of the
following events without your prior written consent, unless the Company fully
corrects the circumstances constituting Good Reason (provided such circumstances

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are capable of correction) prior to the Termination Date: (1) the Company’s
assignment to you of any duties materially inconsistent with your position
(including status, offices, titles and reporting requirements), authority,
duties or responsibilities as contemplated by Section 2 hereof, or any other
action by the Company which results in a material diminution in such position,
authority, duties or responsibilities, excluding for this purpose an isolated,
insubstantial and inadvertent action not taken in bad faith and which is
remedied by the Company; (2) the Company’s material reduction of your annual
base salary or bonus opportunity, each as in effect on the date hereof or as the
same may be increased from time to time; (3) the relocation of the Company’s
offices at which you are principally employed (the “Principal Location”) to a
location more than forty-five (45) miles from such location, or the Company’s
requiring you to be based at a location more than forty-five (45) miles from the
Principal Location, except for required travel on Company business; (4) the
Company requiring you to report to an officer other than the Chief Executive
Officer of the Employer; or (5) a material breach by the Company of Section 17
of this Agreement. Notwithstanding the foregoing, you will not be deemed to have
resigned for Good Reason unless (x) you provide the Company with notice of the
circumstances constituting Good Reason within sixty (60) days after the initial
occurrence or existence of such circumstances, (y) the Company fails to correct
the circumstance so identified within thirty (30) days after the receipt of such
notice (if capable of correction), and (z) the Termination Date occurs no later
than one hundred eighty (180) days after the initial occurrence of the event
constituting Good Reason.
(D)    “Prior Year Bonus” shall mean, for any Termination Date that occurs
between January 1 of any fiscal year and the date that annual bonuses are paid
by the Company for the immediately preceding year (the “Prior Year”), your
target annual bonus (without giving effect to any reduction which constitutes
Good Reason) for such Prior Year, unless the Compensation Committee has
determined your bonus for such Prior Year, in which case the Prior Year Bonus
shall be the bonus determined by the Compensation Committee, if any. The Prior
Year Bonus, if any, shall be in lieu of your annual bonus for the Prior Year.
There will be no Prior Year Bonus in connection with any Termination Date that
occurs on or after the date the Company pays annual bonuses for the Prior Year
through the end of the year in which the Termination Date occurs.
(E)    “Stub Year Bonus” shall mean the product obtained by multiplying (x) your
target annual bonus for the fiscal year in which the Termination Date occurs
(without giving effect to any reduction which constitutes Good Reason)
multiplied by (y) a fraction, the numerator of which is the number of calendar
days that have elapsed in the then current fiscal year through the Termination
Date and the denominator of which is 365.

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9.    LIMITATION ON PAYMENTS.
(a)    Best Pay Cap. Notwithstanding any other provision of this Agreement, in
the event that any payment or benefit received or to be received by you
(including any payment or benefit received in connection with a termination of
your employment, whether pursuant to the terms of this Agreement or any other
plan, arrangement or agreement) (all such payments and benefits, including the
payments and benefits under Section 8 of this Agreement, the “Total Payments”)
would be subject (in whole or part) to the excise tax imposed under Section 4999
of the Code (the “Excise Tax”), then, after taking into account any reduction in
the Total Payments provided by reason of Section 280G of the Code in such other
plan, arrangement or agreement, your remaining Total Payments shall be reduced
to the extent necessary so that no portion of the Total Payments is subject to
the Excise Tax, but only if (i) the net amount of such Total Payments, as so
reduced (and after subtracting the net amount of federal, state and local income
taxes applicable to such reduced Total Payments and after taking into account
the phase out of itemized deductions and personal exemptions attributable to
such reduced Total Payments) is greater than or equal to (ii) the net amount of
such Total Payments without such reduction (but after subtracting the net amount
of federal, state and local income taxes on such Total Payments and the amount
of Excise Tax to which you would be subject in respect of such unreduced Total
Payments and after taking into account the phase out of itemized deductions and
personal exemptions attributable to such unreduced Total Payments). The
reduction undertaken pursuant to this Section 9(a) shall be accomplished first
by reducing or eliminating any cash payments subject to Section 409A of the Code
as deferred compensation (with payments to be made furthest in the future being
reduced first), then by reducing or eliminating cash payments that are not
subject to Section 409A of the Code, then by reducing payments attributable to
equity-based compensation (or the accelerated vesting thereof) subject to
Section 409A of the Code as deferred compensation (with payments to be made
furthest in the future being reduced first), and finally by reducing payments
attributable to equity-based compensation (or the accelerated vesting thereof)
that is not subject to Section 409A of the Code.
(b)    Certain Exclusions. For purposes of determining whether and the extent to
which the Total Payments will be subject to the Excise Tax, (i) no portion of
the Total Payments, the receipt or retention of which you have waived at such
time and in such manner so as not to constitute a “payment” within the meaning
of Section 280G(b) of the Code, will be taken into account; (ii) no portion of
the Total Payments will be taken into account which, in the written opinion of
an independent, nationally recognized accounting firm (the “Independent
Advisors”) selected by the Company, does not constitute a “parachute payment”
within the meaning of Section 280G(b)(2) of the Code (including by reason of
Section 280G(b)(4)(A) of the Code) and, in calculating the Excise Tax, no
portion of such Total Payments will be taken into account which, in the opinion
of Independent Advisors, constitutes reasonable compensation for services
actually rendered, within the meaning of Section 280G(b)(4)(B) of the Code, in

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excess of the “base amount” (as defined in Section 280G(b)(3) of the Code)
allocable to such reasonable compensation; and (iii) the value of any non-cash
benefit or any deferred payment or benefit included in the Total Payments shall
be determined by the Independent Advisors in accordance with the principles of
Sections 280G(d)(3) and (4) of the Code.
10.    RESTRICTIVE COVENANTS.
(a)    You acknowledge and agree that, concurrently with the execution of this
Agreement, you are entering into an agreement with the Company containing
certain nondisclosure, intellectual property assignment, non-competition and
non-solicitation provisions, in substantially the form attached hereto as
Exhibit A (the “Proprietary Information Agreement”), and that you shall be bound
by, and shall comply with your obligations under, the Proprietary Information
Agreement. Notwithstanding the foregoing, in the event of any inconsistency
between the Proprietary Information Agreement and this Agreement, this Agreement
shall control.
(b)    As a condition of your employment with the Company, you agree that during
the Term and thereafter, you will not directly or indirectly disclose or
appropriate for your own use, or the use of any third party, any trade secret or
confidential information concerning the REIT, the Operating Partnership, the
Employer or their respective subsidiaries or affiliates (collectively, the
“Digital Group”) or their businesses, whether or not developed by you, except as
it is required in connection with your services rendered for the Company. You
further agree that, upon termination of your employment, you will not receive or
remove from the files or offices of the Digital Group any originals or copies of
documents or other materials (physical, electronic or otherwise) of the Digital
Group, and that you will return any such documents or materials (physical,
electronic or otherwise) otherwise in your possession. You further agree that,
upon termination of your employment, you will maintain in strict confidence and
not disclose the projects in which any member of the Digital Group is involved
or contemplating. You agree that, upon termination of your employment, you will
maintain in strict confidence and not disclose the projects in which the Digital
Group is involved or contemplating.
(c)    You further agree that during the Term and continuing through the first
(1st) anniversary of the date of termination of your employment, you shall not,
unless agreed to in writing by the Company, engage in Competition (as defined
below). For purposes of this Agreement, “Competition” shall mean acquiring or
owning interests in, directly or indirectly, including as a principal, partner,
stockholder or manager of any partnership, corporation or any other entity,
Technology Real Estate located in the United States, Europe or Asia. “Technology
Real Estate” shall mean commercial real estate buildings that are used
principally (i) to provide infrastructure required by companies in the data,
voice and wireless communications industry, (ii) to provide the physical
environment required for businesses in the disaster recovery, IT

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outsourcing and collocation industries, (iii) to provide highly specialized
manufacturing environments for manufacturing of technology products or (iv) as
headquarter office facilities for technology companies (or any combination of
the foregoing). Notwithstanding the foregoing, “Competition” shall not include
(x) your activities as an employee, executive, director, principal, partner,
stockholder or manager of the Company or any of its subsidiaries or affiliates,
or (y) investments in which you own less than a nine and one-half percent (9.5%)
beneficial interest and have no active management role; provided, however, that
in the case of investments involving Technology Real Estate described in clause
(iv) above, investments in which you own more than nine and one-half percent
(9.5%) shall be permitted so long as (A) your aggregate capital invested in the
investment is less than $500,000, (B) you own less than a fifty percent (50%)
beneficial interest, and (C) you have no active management role.
(d)    You further agree that during the Term and continuing through the first
(1st) anniversary of the date of termination of your employment, you will not
directly or indirectly solicit, induce, or encourage (i) any then-current
employee of any member of the Digital Group to terminate their employment with
such member of the Digital Group, or (ii) any consultant, agent, customer,
vendor, or other parties doing business with any member of the Digital Group to
terminate their agency, or other relationship with such member of the Digital
Group or to transfer their business from such member of the Digital Group and
you will not initiate discussion with any such person for any such purpose or
authorize or knowingly cooperate with the taking of any such actions by any
other individual or entity.
(e)    For the avoidance of doubt, nothing in this Agreement will prohibit, or
be construed to prohibit, you from filing a charge with, reporting possible
violations of federal law or regulation to, or participating, cooperating with
or providing information (including trade secrets) in confidence to any
governmental agency or entity, including but not limited to the Equal Employment
Opportunity Commission, the Department of Justice, the Securities and Exchange
Commission, the Commodity Futures Trading Commission, Congress, or any agency
Inspector General, making other disclosures that are protected under the
whistleblower, anti-discrimination, or anti-retaliation provisions of federal,
state or local law or regulation, or from providing information (including trade
secrets) to your attorney or in a sealed complaint or other document filed in a
lawsuit or other governmental proceeding; provided, however, that you may not
disclose information of the Digital Group that is protected by the
attorney-client privilege, except as otherwise required by law. You do not need
the prior authorization of the Company to make any such reports or disclosures,
and you are not required to notify the Company that you have made such reports
or disclosures.
(f)    In recognition of the facts that irreparable injury will result to the
Company in the event of a breach by you of your obligations under Sections
10(a), (b), (c) or (d) above, that monetary damages for such breach would not be
readily calculable, and that the

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Company would not have an adequate remedy at law therefor, you acknowledge,
consent and agree that in the event of such breach, or the threat thereof, the
Company shall be entitled, in addition to any other legal remedies and damages
available, to specific performance thereof and to temporary and permanent
injunctive relief (without the necessity of posting a bond) to restrain the
violation or threatened violation of such obligations by you.
11.    CODE SECTION 409A.
(a)     To the extent applicable, this Agreement shall be interpreted and
applied consistent and in accordance with Section 409A of the Code and
Department of Treasury regulations and other interpretive guidance issued
thereunder. Notwithstanding any provision of this Agreement to the contrary, if
at any time you and the Company mutually determine that any compensation or
benefits payable under this Agreement may not be compliant with or exempt from
Section 409A of the Code and related Department of Treasury guidance, the
parties shall work together to adopt such amendments to this Agreement or adopt
other policies and procedures (including amendments, policies and procedures
with retroactive effect), or take such other actions, as the parties determine
are necessary or appropriate to (i) exempt such compensation and benefits from
Section 409A of the Code and/or preserve the intended tax treatment of such
compensation and benefits, or (ii) comply with the requirements of Section 409A
of the Code and related Department of Treasury guidance; provided, however, that
this Section 11(a) shall not create any obligation on the part of the Company to
adopt any such amendment, policy or procedure or take any such other action.
(b)     To the extent permitted under Section 409A of the Code, any separate
payment or benefit under this Agreement or otherwise shall not be deemed
“nonqualified deferred compensation” subject to Section 409A of the Code and
Section 8(f) hereof to the extent provided in the exceptions in Treasury
Regulation Section 1.409A-1(b)(4), Section 1.409A-1(b)(9) or any other
applicable exception or provision of Section 409A of the Code.
(c)     To the extent that compensation or benefits payable under Section 8 of
this Agreement (i) constitute “nonqualified deferred compensation” within the
meaning of Section 409A of the Code or (ii) are intended to be exempt from
Section 409A of the Code under Treasury Regulation Section 1.409A-1(b)(9)(iii),
and are designated under this Agreement as payable upon (or within a specified
time following) your termination of employment, such compensation or benefits
shall, subject to Section 8(f) hereof, be payable only upon (or, as applicable,
within the specified time following) your “separation from service” from the
Company (within the meaning of Section 409A(a)(2)(A)(i) of the Code).
(d)     To the extent that any payments or reimbursements provided to you under
this Agreement are deemed to constitute compensation to which Treasury
Regulation Section

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1.409A-3(i)(1)(iv) would apply, such amounts shall be paid or reimbursed to you
reasonably promptly, but not later than December 31 of the year following the
year in which the expense was incurred. The amount of any such payments eligible
for reimbursement in one year shall not affect the payments or expenses that are
eligible for payment or reimbursement in any other taxable year, and your right
to such payments or reimbursement shall not be subject to liquidation or
exchange for any other benefit.
12.    COMPANY RULES AND REGULATIONS. As an employee of the Company, you agree
to abide by Company rules and regulations as set forth in the Company’s Employee
Handbook, Code of Business Conduct and Ethics, Insider Trading Policy and as
otherwise promulgated.
13.    PAYMENT OF FINANCIAL OBLIGATIONS. In the event that your employment or
consultancy is shared among the Company and/or its subsidiaries and affiliates,
the payment or provision to you by the Company of any remuneration, benefits or
other financial obligations pursuant to this Agreement may be allocated to the
Company and, as applicable, its subsidiaries and/or affiliates in accordance
with an employee sharing or expense allocation agreement entered into by such
parties.
14.    WITHHOLDING. The Company may withhold from any amounts payable under this
Agreement such Federal, state, local or foreign taxes as shall be required to be
withheld pursuant to any applicable law or regulation.
15.    ARBITRATION. Except as set forth in Section 10(f) above, any
disagreement, dispute, controversy or claim arising out of or relating to this
Agreement or the interpretation of this Agreement or any arrangements relating
to this Agreement or contemplated in this Agreement or the breach, termination
or invalidity thereof shall be settled by final and binding arbitration before a
single neutral arbitrator. Arbitration shall be administered by JAMS in San
Francisco, California in accordance with the then existing JAMS Arbitration
Rules and Procedures for Employment Disputes. Except as provided herein, the
Federal Arbitration Act shall govern the interpretation, enforcement and all
proceedings. The arbitrator shall apply the substantive law (and the law of
remedies, if applicable) of the state of California, or federal law, or both, as
applicable, and the arbitrator is without jurisdiction to apply any different
substantive law. The arbitrator shall have the authority to entertain a motion
to dismiss and/or a motion for summary judgment by any party and shall apply the
standards governing such motions under the Federal Rules of Civil Procedure.
Judgment upon the award may be entered in any court having jurisdiction thereof.
Each party shall pay his or its own attorneys’ fees and costs of suit associated
with such arbitration to the extent permitted by applicable law, and the Company
shall pay the administrative fees and all arbitrator fees associated with such
arbitration; provided,

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however, that if you prevail in such arbitration, the Company shall reimburse
you for the reasonable attorneys’ fees actually incurred by you in connection
with such arbitration.
16.    ENTIRE AGREEMENT. As of the Effective Date, this Agreement, together with
the Proprietary Information Agreement, constitutes the final, complete and
exclusive agreement between you and the Company with respect to the subject
matter hereof and replaces and supersedes any and all other agreements, offers
or promises, whether oral or written, made to you by any member of the Digital
Group. This Agreement may not be amended or modified otherwise than by a written
agreement executed by the parties hereto or their respective successors and
legal representatives.
17.    ASSUMPTION BY SUCCESSOR. The Company shall require any successor (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to assume and
agree to perform this Agreement in the same manner and to the same extent that
the Company would be required to perform it if no such succession had taken
place.
18.    ACKNOWLEDGEMENT. You hereby acknowledge (a) that you have consulted with
or have had the opportunity to consult with independent counsel of your own
choice concerning this Agreement, and have been advised to do so by the Company,
and (b) that you have read and understand this Agreement, are fully aware of its
legal effect, and have entered into it freely based on your own judgment.
19.    GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, without regard to conflicts
of laws principles thereof.
[SIGNATURE PAGE FOLLOWS]

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Please confirm your agreement to the foregoing by signing and dating the
enclosed duplicate original of this Agreement in the space provided below for
your signature and returning it to Cindy Fiedelman. Please retain one
fully-executed original for your files.
Sincerely,
Digital Realty Trust, Inc.,
a Maryland corporation

By: /s/ Cindy Fiedelman   
Name: Cindy Fiedelman
Title: Chief Human Resources Officer

DLR LLC,
a Maryland limited liability company

By: Digital Realty Trust, L.P.
Its: Managing Member

By: Digital Realty Trust, Inc.
Its: General Partner

By: /s/ Cindy Fiedelman   
Name: Cindy Fiedelman
Title: Chief Human Resources Officer

Digital Realty Trust, L.P.,
a Maryland limited partnership

By: Digital Realty Trust, Inc.
Its: General Partner

By: /s/ Cindy Fiedelman   
Name: Cindy Fiedelman
Title: Chief Human Resources Officer

Accepted and Agreed,

By: /s/ Daniel W. Papes   
   Daniel W. Papes

 

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Exhibit A

Proprietary Information Agreement

[See attached.]

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