Exhibit 10.2

 

EXECUTION VERSION

 

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TRANSACTION AGREEMENT

dated as of April 24, 2018

by and among

Quality Technology Services Holding, LLC,

QualityTech, LP,

and

General Datatech, L.P.

 

 

 

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TABLE OF CONTENTS

 

 

 

 

 

 

Page

 

 

 

RECITALS

 

1

 

 

 

ARTICLE I DEFINITIONS

1

 

 

Section 1.01.

Certain Defined Terms

1

 

 

 

ARTICLE II PURCHASE AND SALE; FRAMEWORK FOR ASSIGNMENT

1

 

 

Section 2.01.

Purchase and Sale of Purchased Assets.

1

Section 2.02.

Participation Arrangements for Certain Assigned Contracts

4

Section 2.03.

Assignment and Transfer

5

Section 2.04.

Other Agreements and Certificates

7

Section 2.05.

Certain Limitations

7

 

 

 

ARTICLE III COMPENSATION

8

 

 

Section 3.01.

Payments and Computations

8

Section 3.02.

Allocation of Payment

8

 

 

 

ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SELLER PARTIES

8

 

 

Section 4.01.

Organization and Authority of the Seller Parties; Enforceability

8

Section 4.02.

No Conflict

9

Section 4.03.

Brokers

9

Section 4.04.

Title to and Condition of Purchased Assets

9

Section 4.05.

Contracts

10

Section 4.06.

Customers

10

Section 4.07.

Legal Proceedings

10

Section 4.08.

Compliance with Law

10

Section 4.09.

Privacy and Data Security

11

Section 4.10.

No Other Representations or Warranties

11

 

 

 

ARTICLE V REPRESENTATIONS AND WARRANTIES OF BUYER

12

 

 

Section 5.01.

Organization and Authority of Buyer; Enforceability

12

Section 5.02.

No Conflict

12

Section 5.03.

Financial Ability

13

Section 5.04.

Brokers

13

Section 5.05.

Investigation

13

Section 5.06.

No Other Representations or Warranties

13

 

 

 

ARTICLE VI COVENANTS

14

 

 

Section 6.01.

Access to Information

14

Section 6.02.

Confidentiality

15

Section 6.03.

Third Party Consents

16

Section 6.04.

Rights to Seller Names and Seller Marks Cooperation.

17

Section 6.05.

Preservation of Books and Records

17

 

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TABLE OF CONTENTS

(continued)

 

 

 

 

 

 

Page

 

 

 

Section 6.06.

Further Assurances.

18

Section 6.07.

Non-Solicitation

18

 

 

 

ARTICLE VII TAX MATTERS

19

 

 

Section 7.01.

Transfer Taxes

19

Section 7.02.

Tax Cooperation

19

Section 7.03.

Allocation of Taxes

20

 

 

 

ARTICLE VIII INDEMNIFICATION

20

 

 

Section 8.01.

Survival

20

Section 8.02.

Indemnification by QTS TRS

21

Section 8.03.

Indemnification by Buyer

22

Section 8.04.

Notification of Claims

22

 

 

 

ARTICLE IX MISCELLANEOUS

23

 

 

Section 9.01.

Rules of Construction

23

Section 9.02.

Expenses

24

Section 9.03.

Notices

25

Section 9.04.

Public Announcements

25

Section 9.05.

Severability

26

Section 9.06.

Assignment

26

Section 9.07.

No Third-Party Beneficiaries

26

Section 9.08.

Entire Agreement

26

Section 9.09.

Amendments

26

Section 9.10.

Waiver

27

Section 9.11.

Governing Law

27

Section 9.12.

Dispute Resolution; Consent to Jurisdiction

27

Section 9.13.

Waiver of Jury Trial

28

Section 9.14.

Admissibility into Evidence

28

Section 9.15.

Remedies; Specific Performance

28

Section 9.16.

Non-Recourse

29

Section 9.17.

Interest

29

Section 9.18.

Disclosure Letter and Exhibits

29

Section 9.19.

Counterparts

29

 

 

 

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EXHIBITS

 

 

 

Exhibit A

Definitions

Exhibit B

Form of Bill of Sale, Assignment and Assumption Agreement

 

 

 

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TRANSACTION AGREEMENT

THIS  TRANSACTION AGREEMENT, dated as of April 24, 2018 (the “Effective Date”),
is made by and among Quality Technology Services Holding, LLC, a Delaware
limited liability company (“QTS TRS”), and QualityTech, LP, a Delaware limited
partnership and the sole member of QTS TRS (“QTS LP” and together with QTS TRS,
the “Seller Parties”), on the one hand, and General Datatech, L.P., a Texas
limited partnership (“Buyer” and, together with the Seller Parties, the
“Parties”), on the other hand.

RECITALS

A.        The Seller Parties are engaged in, among other businesses, providing
certain hybrid cloud, hosting and managed services, and the Seller Parties or
their respective Affiliates own all of the Purchased Assets (as hereafter
defined), which are used in such services.

B.         The Seller Parties desire to sell to Buyer, and Buyer desires to
purchase from the Seller Parties or their respective Affiliates, all of the
Purchased Assets, and Buyer desires to assume the Assumed Liabilities (as
hereafter defined), in each case on the terms and subject to the conditions set
forth in this Agreement.

NOW, THEREFORE, in consideration of the foregoing and the representations,
warranties, covenants and agreements set forth in this Agreement, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties, intending to be legally bound, agree as follows:

ARTICLE I

DEFINITIONS

Section 1.01.   Certain Defined Terms.  Capitalized terms used in this Agreement
have the meanings specified in this Agreement, including Exhibit A attached
hereto.

ARTICLE II

PURCHASE AND SALE; FRAMEWORK FOR ASSIGNMENT

Section 2.01.   Purchase and Sale of Purchased Assets.

(a)        Purchased Assets.  On the terms and subject to the conditions set
forth in this Agreement (including Sections 2.02 and 2.03), each of the Seller
Parties hereby agrees, or agrees to cause its respective Affiliates, to sell,
convey, assign, transfer and deliver to Buyer, and Buyer hereby agrees to
purchase, acquire and accept from each such Seller Party or its respective
Affiliates, all of such Seller Party’s or Affiliate’s right, title and interest
in, to and under the following assets and rights, as the same shall exist
immediately prior to the applicable Transfer Effective Time (as defined below),
other than the Excluded Assets (collectively, the “Purchased Assets”):

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(i)         the Contracts listed on Section 2.01(a)(i) of the Disclosure Letter
(the “Assigned Contracts”);

(ii)       the hardware, equipment and other tangible personal property used
exclusively in connection with services under the Assigned Contracts (the
“Purchased Tangible Personal Property”);

(iii)      only to the extent transferable, the individual software programs,
instances or seats of software, including commercial software, and the
corresponding licenses from the licensor therefor, related exclusively to
services under the Assigned Contract and that the Parties agree in writing to
Transfer (the “Transferred Software and Licenses”);

(iv)       only to the extent transferable, all Permits and other approvals by a
Government Authority required in connection with FedRAMP to continue offering
the services under applicable Assigned Contracts, or form of submission
materials in lieu thereof;

(v)        all accounts receivable and notes receivable to the extent related
exclusively to any Assigned Contract; and

(vi)       only to the extent maintained in separate form from books and records
of the Excluded Assets, all Records.

(b)        Excluded Assets. Notwithstanding anything to the contrary herein,
other than the Purchased Assets, all other assets or rights of every kind and
description, wherever located, whether real, personal or mixed, tangible or
intangible, that are owned by or in the possession of any of the Seller Parties
or their respective Affiliates shall be retained by the Seller Parties and their
Affiliates and shall be excluded from the Purchased Assets (collectively, the
“Excluded Assets”).  For the avoidance of doubt, without limiting the foregoing,
the Excluded Assets shall include each Seller Party’s right, title and interest
in, to and under the following assets and rights, as the same shall exist
immediately prior to any Transfer Effective Time:

(i)         all cash and cash equivalents of the Seller Parties and their
respective Affiliates, including cash and cash equivalents used as collateral
for financial support arrangements, guarantees or other financial assurance
arrangements, if any, maintained by the Seller Parties or any of their
respective Affiliates in connection with the Purchased Assets and deposits with
utilities, insurance companies and other Persons and bank accounts of the Seller
Parties;

(ii)       all rights, title and interests in any real property or mixed real
and personal property owned or leased by, or in the possession of, the Seller
Parties or their respective Affiliates;

(iii)      all rights, title and interests in any personal property, whether
tangible or intangible, owned or leased by, or in the possession of, the Seller
Parties or their respective Affiliates, other than the Purchased Assets;

(iv)       all capital stock, securities or other equity interests of the Seller
Parties, their respective Affiliates or any other Person;

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(v)        all rights, title and interest in, to and under any Contracts, other
than the Assigned Contracts;

(vi)       all rights to the Seller Names and Seller Marks, together with any
Contracts, agreements or understandings granting rights to use the same;

(vii)     all Seller Intellectual Property, Seller Technology and all rights
thereto, other than the Transferred Software and Licenses;

(viii)    all insurance policies and binders of the Seller Parties and their
respective Affiliates and all rights to applicable claims and proceeds
thereunder;

(ix)       all refunds of Taxes and all prepaid income Taxes arising from or
with respect to the Purchased Assets prior to the Transfer Effective Time;

(x)        all Permits and other approvals by a Government Authority, regardless
of whether used (exclusively or otherwise) in connection with the Purchased
Assets, except as included as a Purchased Asset above;

(xi)       (A) any corporate minute books (and other similar corporate or other
entity records) and stock records of the Seller Parties, (B) any books and
records relating to the Excluded Assets, (C) any books and records or other
materials of or in the possession of the Seller Parties that (x) any of the
Seller Parties are required by Law to retain (copies of which, to the extent
related exclusively to any Purchased Asset or Assumed Liability and as permitted
by Law, will be made available to Buyer upon Buyer’s reasonable request),
(y) any of the Seller Parties reasonably believes are necessary to enable the
Seller Parties to prepare and/or file Tax Returns (copies of which, to the
extent related exclusively to any Purchased Asset or Assumed Liability and as
permitted by Law, will be made available to Buyer upon Buyer’s reasonable
request) or (z) any of the Seller Parties are prohibited by Law from delivering
to Buyer, or (D) any copies of any books and records that Seller Parties and
their respective Affiliates retain pursuant to Section 6.05;

(xii)     (A) all records and reports prepared or received by any Seller Party
or any of its Affiliates in connection with the sale of the Purchased Assets or
the transactions contemplated hereby, including all analyses relating to the
Purchased Assets or Buyer so prepared or received, (B) all confidentiality
agreements with prospective purchasers of the Purchased Assets or any portion
thereof, and all bids, letters of intent, term sheets, expressions of interest
and other proposals received from third parties with respect thereto and (C) all
privileged communications and all privileged materials, documents and records;

(xiii)    all rights and claims of the Seller Parties and their Affiliates
against third parties, whether in tort, contract or otherwise and whether
mature, contingent or otherwise (A) related to the Excluded Liabilities, or (B)
related to the Purchased Assets, but only, in the case of clause (A), to the
extent relating to periods prior to the applicable Transfer Effective Time; and

(xiv)     all rights of the Seller Parties under the Transaction Documents.

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(c)        Assumed Liabilities.  On the terms and subject to the conditions set
forth in this Agreement (including Sections 2.02 and 2.03), as partial
consideration for the Purchased Assets, Buyer agrees to assume and thereafter
timely pay, discharge and perform in accordance with their terms, only the
liabilities and obligations of the Seller Parties arising out of or relating to
each Purchased Asset, as the same shall arise from and after the applicable
Transfer Effective Time (collectively, the “Assumed Liabilities”), including the
following:

(i)         all Liabilities under or relating to any of the Assigned Contracts
that arise from and after the applicable Transfer Effective Time, including all
channel partner expense obligations thereunder;

(ii)       any Liabilities relating to errors or omissions or allegations of
errors or omissions or claims of design or other defects with respect to any
service provided under the Assigned Contracts that arise from and after the
applicable Transfer Effective Time;

(iii)      all Liabilities relating to or in connection with any data privacy,
security or breach notification obligations or Liabilities, whether in tort,
contract, statutory or regulatory action or otherwise, with respect to any of
the Purchased Assets that arise from and after the applicable Transfer Effective
Time;

(iv)       all Buyer Taxes;

(v)        all accrued and unpaid charges, fees and expenses related to the
Purchased Assets, to the extent arising out of activities occurring after the
applicable Transfer Effective Time; and

(vi)       all accounts payable, notes payable, trade payables and expenses
payable related to the Purchased Assets.

(d)        Excluded Liabilities. Notwithstanding anything to the contrary
herein, it is expressly understood and agreed that Buyer shall not assume
hereunder any Liability of any Seller Party or any of its Affiliates not
expressly assumed as an Assumed Liability, and, as between Buyer and Seller
Parties, Seller Parties or their applicable Affiliate shall retain all
Liabilities of any Seller Party and its Affiliates related to the Excluded
Assets (collectively, the “Excluded Liabilities”).

Section 2.02.   Participation Arrangements for Certain Assigned Contracts.

(a)        Notwithstanding anything to the contrary herein, and subject to the
provisions of this Section 2.02, to the extent that the sale, conveyance,
assignment, transfer, or delivery requires a Third Party Consent, or absent such
consent would constitute a breach thereof or violation of applicable Law, and
such Third Party Consent has not been obtained prior to the Effective Date, this
Agreement shall not constitute a sale, conveyance, assignment, transfer or
delivery, or an attempted sale, conveyance, assignment, transfer or delivery, of
such Assigned Contract.

(b)        Subject to the terms set forth on Section 2.02(b) of the Disclosure
Letter, if, as of the intended time of a Transfer with respect to any Assigned
Contract as contemplated

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under Section 2.03, any such Third Party Consent described in Section 2.02(a)
above in respect of an Assigned Contract has not yet been obtained, or if an
attempted transfer or assignment of any Assigned Contract would constitute a
breach thereof or a violation of Law, the Seller Parties and Buyer (at its
option and in its sole discretion) shall (on behalf of themselves and their
respective Affiliates), to the maximum extent permitted under such Assigned
Contract and applicable Law, enter into an arrangement under which Buyer would,
in compliance with Law, obtain substantially all of the material rights and
benefits and assume the obligations and bear the economic burdens associated
with such Assigned Contract, claim, right or benefit in accordance with this
Agreement (a “Participation Arrangement”); provided that, consistent with
Section 6.03 and subject to Section 2.05, each Party shall exercise commercially
reasonable efforts after the Effective Date to obtain the applicable Third Party
Consent in order to effect the assignment or transfer of each Assigned Contract
to Buyer in accordance with this Agreement.  Such Participation Arrangements may
include subcontracting, sublicensing or subleasing to Buyer such Assigned
Contract, claim, right or benefit or entering into an arrangement under which:

(i)         the Seller Parties would enforce, upon Buyer’s reasonable request,
for the benefit (and at the expense) of Buyer any and all of their rights
against a third party (including any Government Authority) associated with such
Assigned Contract, claim, right or benefit;

(ii)       the Seller Parties would promptly pay to Buyer when received all
monies received by them under any such Assigned Contract, claim, right or
benefit, net of (w) the Seller Parties’ actual, out-of-pocket expenses
reasonably incurred in connection with any arrangement contemplated by this
Section 2.02(a), (x) any payments owed by Buyer under the Channel Agreement,
(y) any payments owed by Buyer under the Colocation Agreement and (z) any
payments owed by Buyer under the Transition Services Agreement (as defined
below); and

(iii)      Buyer would perform or cause to be performed (at its expense) all of
the Seller Parties’ obligations thereunder, unless otherwise provided under the
Transition Services Agreement.

(c)        For the avoidance of doubt, any asset, claim, right or benefit
subject to a Participation Arrangement shall be deemed to be a Purchased Asset
for all purposes under this Agreement, and any obligations subject to a
Participation Arrangement shall be deemed to be an Assumed Liability for all
purposes under this Agreement.

(d)        With respect to any Assigned Contract subject to a Participation
Arrangement, if and when the applicable Third Party Consent is obtained, the
Parties shall effect, or cause their respective Affiliates to effect, the
assignment or transfer to Buyer of such Assigned Contract and, as applicable,
any related Tangible Personal Property and/or Transferred Software and Licenses
in accordance with Section 2.03.

Section 2.03.   Assignment and Transfer.  From time to time on or after the
Effective Date, subject to the provisions of Section 2.02, each Party shall use
commercially reasonable efforts to effect the purchase, sale, conveyance,
assignment, transfer and delivery of the Purchased Assets, and the assignment
and assumption of the Assumed Liabilities, through one or

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more formal assignments or transfers by the Seller Parties to Buyer (each, a
“Transfer”) at such times and on such dates as may be reasonably determined by
the Seller Parties and Buyer.  A Transfer with respect to any Assigned Contract
shall occur within fifteen (15) days after receipt of any Third-Party Consent
with respect to such Assigned Contract.  The effective time of a Transfer of a
Purchased Asset and/or Assumed Liabilities, as the case may be, shall be the
time when Buyer and the applicable Seller Party or its Affiliate(s) enter into a
Bill of Sale, Assignment and Assumption Agreement with respect thereto (each, a
“Transfer Effective Time”).  To the extent necessary to enable Buyer to
discharge its obligations under an Assigned Contract following its Transfer,
temporary transition services shall be provided in accordance with the
Transition Services Agreement.  At each Transfer Effective Time, the Parties
shall exchange the following deliverables for the Transfer of the applicable
Purchased Asset(s) and/or Assumed Liabilities:

(b)        cash payment by Buyer to QTS TRS equal to the sum of (x) the
liquidation value of any Purchased Tangible Personal Property, as applicable,
based on a valuation by an accounting, financial or consulting firm designated
and mutually agreed to by both parties, and (y) any Net AR/AP Amount, as
applicable, for such Assigned Contract(s) or as otherwise the Parties may agree
in writing to address certain accounts receivable and accounts payable;

(c)        a bill of sale, assignment and assumption agreement, in substantially
the form attached hereto as Exhibit B (each, a “Bill of Sale, Assignment and
Assumption Agreement”), duly executed by Buyer and the applicable Seller Party
or its Affiliate(s) to Transfer to Buyer such Purchased Asset(s) and any Assumed
Liabilities related thereto and including a copy of each Assigned Contract and
all amendments, modifications and restatements thereto transferred under such
Bill of Sale, Assignment and Assumption Agreement, a list of applicable accounts
receivable and accounts payable dated on or about the Transfer Effective Time,
and, only to the extent maintained in separate form from books and records of
the Excluded Assets, all Records associated with such Purchased Asset(s) and any
Assumed Liabilities related thereto;

(d)        the Colocation Agreement (as defined below), or a subsequent
amendment or addendum thereto or work order thereunder, as the case may be, duly
executed by Buyer and the applicable Seller Party or its Affiliate(s), providing
for colocation, communication and managed services with respect to such
Purchased Asset(s) and/or Assumed Liabilities; and

(e)        if necessary or appropriate to enable Buyer to discharge its
obligations under such Assigned Contract, an amendment or addendum to the
Transition Services Agreement, duly executed by Buyer and the applicable Seller
Party, providing for certain temporary transition services as may be reasonably
agreed by the Parties.

Buyer acknowledges on behalf of itself and its Affiliates and its and their
Representatives, successors and assigns that each Purchased Asset and, as
applicable, the Assumed Liabilities shall remain in the dominion and control of
the Seller Parties until the applicable Transfer Effective Time.

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Section 2.04.   Other Agreements and Certificates.

(a)        Channel Agreement.  Concurrently with the execution of this
Agreement, as partial consideration for the transactions contemplated hereby,
QTS TRS and Buyer shall enter into a channel agreement (the “Channel
Agreement”), pursuant to which Buyer shall pay to QTS TRS monthly channel fees
with respect to certain Assigned Contracts that are or become Transferred to
Buyer pursuant to one or more Bill of Sale, Assignment and Assumption Agreements
or subject to Participation Arrangements under this Agreement, as the case may
be, and certain other agreements, in accordance with the terms and conditions
set forth in the Channel Agreement.

(b)        Colocation Agreement.  Concurrently with the execution of this
Agreement or prior to any Transfer among the Parties, as partial consideration
for the transactions contemplated hereby, QTS TRS and/or such Affiliates as QTS
TRS may designate, on the one hand, and Buyer, on the other hand, shall enter
into a colocation agreement (the “Colocation Agreement”), pursuant to which
Buyer shall become a customer of QTS TRS and/or such other Seller Parties and
under which, among other things, (i) QTS TRS and/or such other Affiliates will
provide Buyer with colocation, communication and managed services with respect
to the Assigned Contracts and Purchased Tangible Personal Property to enable
Buyer to discharge its obligations under the Assigned Contracts after the
applicable Transfer Effective Time, and (ii) in accordance with the terms set
forth on Section 2.04(b) of the Disclosure Letter, Buyer will pay to QTS TRS
and/or such other Affiliates such payments and will discharge such obligations
to QTS TRS and/or such other Affiliates as set forth in the Colocation Agreement
in exchange for such services; provided that the Parties may supplement the
Colocation Agreement, as may be reasonably agreed in connection with each
Transfer.

(c)        Transition Services Agreement.  Concurrently with the execution of
this Agreement, QTS TRS and Buyer shall enter into a transition services
agreement (the “Transition Services Agreement”), providing for certain temporary
transition services as may be reasonably agreed by the Parties.

(d)        Certificates.  Concurrently with the execution of this Agreement,
(i) each Party shall execute and deliver to the other Party a certificate dated
as of the Effective Date and signed by the Secretary of such Party, certifying
as to (A) the necessary resolutions and actions taken by such Party’s governing
board, general partner, managing member or members, as the case may be, in
connection with the adoption and approval of this Agreement, the Transaction
Documents and the transactions contemplated hereunder and thereunder, and
(B) the incumbency and signature of the officers of such Party executing this
Agreement and the other Transaction Documents and any other certificate or
document to be delivered by such Party in connection with this Agreement or the
other Transaction Documents, and (ii) the Seller Parties shall execute and
deliver to Buyer a certificate of non-foreign status in compliance with
Section 1445 of the Code (and the applicable Treasury Regulations thereunder).

Section 2.05.  Certain Limitations.  Notwithstanding anything in this Agreement
to the contrary or otherwise agreed to in the Transition Services Agreement:

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(a)        on and after August 31, 2018, each of the Seller Parties shall
continue to have all rights, but shall have no further obligations under this
Article II,  Section 6.01 and Section 6.03, including with respect to
(i) entering into, continuing or discontinuing any Participation Arrangement
with respect to any Assigned Contract, (ii) exercising efforts or taking any
action to obtain any Third Party Consent, or (iii) effecting any Transfer of any
Purchased Asset(s) and/or Assumed Liabilities; and

(b)        the Seller Parties shall have no obligations to sell, convey, assign,
transfer and deliver any Assigned Contract against the expressed wishes of the
customer under such Assigned Contract, whether or not a Third Party Consent is
required thereunder, in which case such Contract shall no longer be deemed to be
an “Assigned Contract” hereunder and, for the avoidance of doubt, Buyer shall
have no obligation to any Seller Party or any of their respective Affiliates, or
to any third party to such Contract.

ARTICLE III

COMPENSATION

Section 3.01.   Payments and Computations.  All payments under this Agreement
shall be paid by ACH of immediately available funds to the account or accounts
designated by QTS TRS and shall be free and clear of any withholding Taxes.  All
computations of interest shall be made in accordance with Section 9.17.

Section 3.02.   Allocation of Payment.  Any monthly channel fees, any Net AR/AP
Amounts and any Assumed Liabilities in respect of an Assigned Contract shall be
allocated to the applicable Assigned Contract(s).  Any cash payments pursuant to
Section 2.03(a)(x) shall be allocated to the applicable Purchased Tangible
Personal Property.  QTS TRS and Buyer shall treat any indemnity payments made
pursuant to Article VIII as adjustments to the amount of payments under
Section 2.03 apportioned to the Assigned Contract(s), beginning with the
earliest Transfer Effective Time, for income Tax purposes unless applicable Tax
Law causes such payment not to be so treated.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF SELLER PARTIES

Each Seller Party represents and warrants to Buyer that, except as set forth in
the Disclosure Letter:

Section 4.01.   Organization and Authority of the Seller Parties;
Enforceability.  Each Seller Party is a corporation, limited partnership,
limited liability company or other entity duly incorporated, formed or
organized, validly existing and, to the extent legally applicable, in good
standing under the Laws of its jurisdiction of incorporation, formation or
organization.  Each Seller Party is duly qualified to do business and is in good
standing in the jurisdiction of its organization and as a foreign corporation or
other legal entity in each jurisdiction where the character of the properties
owned or leased by it or the nature of the business transacted by it requires it
to be so qualified, except where any such failure could not reasonably be
expected to

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result in a material adverse effect on such Seller Party’s assets, properties,
business or operations.  Each Seller Party has the requisite corporate or other
appropriate power to execute, deliver and perform its obligations under each
Transaction Document (including the consummation of the Transactions) to which
it is a party.  The execution, delivery and performance by each Seller Party of
each Transaction Document to which it is a party have been duly authorized by
all requisite corporate or other entity action on the part of such Seller
Party.  This Agreement has been and the other Transaction Documents will be duly
executed and delivered by each Seller Party, and (assuming due authorization,
execution and delivery thereof by the other parties hereto and thereto) this
Agreement constitutes, and upon execution and delivery thereof the other
Transaction Documents will constitute, legal, valid and binding obligations of
the applicable Seller Parties thereto, enforceable against the Seller Parties
party thereto in accordance with their respective terms, subject to the
Bankruptcy and Equity Exception.

Section 4.02.    No Conflict.  Assuming that all Third Party Consents required
with respect to the Purchased Assets or the Assumed Liabilities have been
obtained, or will be obtained prior to each respective Transfer Effective Time,
the execution, delivery and performance by the Seller Parties of the Transaction
Documents do not and will not:

(i)         violate or conflict with the certificate or articles of
incorporation, formation or limited partnership, or bylaws, operating agreement
or limited partnership agreement, or similar organizational documents of any of
the Seller Parties;

(ii)       conflict with or violate in any material respect any Law or Order
applicable to the Seller Parties or the Purchased Assets or the Assumed
Liabilities; or

(iii)      result in any breach of, or constitute a default under, or give rise
to any right of consent, revocation, suspension, termination, withdrawal,
cancellation, modification or acceleration of any material right or obligation
or to a loss of any material benefit under any provision of any Assigned
Contract.

Section 4.03.   Brokers.  As of the date hereof, except for fees and expenses of
Evercore Group L.L.C. (the “Sellers’ Bankers”), no broker, finder or investment
banker is entitled to any brokerage, finder’s or other fee or commission from
the Seller Parties in connection with any Transaction.  The Seller Parties are
solely responsible for the investment advisory fees and expenses of the Sellers’
Bankers in connection with the Transactions.

Section 4.04.   Title to and Condition of Purchased Assets.  The Seller Parties
have good and marketable title to all of the Purchased Assets, free and clear of
all Liens, except Permitted Liens.  All items of Purchased Tangible Personal
Property (a) are in good operating condition and in a state of good maintenance
and repair, ordinary wear and tear excepted, (b) are suitable for the purposes
used, (c) were acquired and are usable in the connection with performing
services under the Assigned Contracts, and (d) conform in all material respects
to all Laws applicable thereto.  There is no defect or problem with any of such
Purchased Tangible Personal Property, other than ordinary wear and tear.

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Section 4.05.   Contracts.  The Assigned Contracts are legal, valid, binding and
enforceable in accordance with their respective terms with respect to the
applicable Seller Party or its respective Affiliate, and, to the Knowledge of
QTS LP, each other party to such Assigned Contracts, subject to the Bankruptcy
and Equity Exception.  There is no existing material default or material breach
of any Seller Party or any of its Affiliates under any Assigned Contract and, to
the Knowledge of QTS LP, there is no such material default with respect to any
third party to any Assigned Contract.  Except in the ordinary course and
consistent with past practice, neither any Seller Party nor any Affiliate of any
Seller Party is participating in any discussions or negotiations with any third
party regarding modification of or amendment to any Assigned Contract or entry
in any new Contract applicable to such Seller Party or the real or personal
property of such Seller Party that would be an Assigned Contract.

Section 4.06.   Customers.  Section 4.06 of the Disclosure Letter contains a
correct and complete list of the names of the top twenty-five (25) customers of
the Seller Parties’ hybrid cloud, hosting and managed services (by amount of
revenue received by the Seller Parties from such customers by monthly recurring
revenue) (the “Top Customers”).  Prior to the date hereof, true, correct and
complete copies of all Assigned Contracts of the Top Customers have been
provided (or made available) by the Seller Parties to Buyer.  To the Knowledge
of QTS LP, no event has occurred that could materially and adversely affect the
relations between the Seller Parties and any Top Customer.  Except as set forth
on Schedule 4.06, (i) no Top Customer has, during the twelve (12) months prior
to the Effective Date, cancelled, terminated or, to the Knowledge of QTS LP,
made any threat to cancel or otherwise terminate any of its Contracts with the
Seller Parties or to decrease its orders from the Seller Parties and (ii) to the
Knowledge of QTS LP, no Top Customer intends to terminate or materially alter
its business relations with the Seller Parties, either as a result of the
transactions contemplated hereby or otherwise.

Section 4.07.   Legal Proceedings.  There is no Action pending or, to the
Knowledge of QTS LP, threatened against, relating to or involving any Seller
Party (or pending or threatened against any of the officers, directors,
managers, employees or independent contractors of any Seller Party) with respect
to the operation of or performance under the Purchased Assets (a “Legal
Proceeding”).   To the Knowledge of QTS LP, there is no reasonable basis for
such a Legal Proceeding with respect to the operation of or performance under
the Purchased Assets.  No Seller Party (or any of the officers, directors,
managers, employees or independent contractors of any Seller Party) is subject
to any judgment, decree, injunction, rule or order of any court, arbitration
panel or Government Authority with respect to the operation of or performance
under the Purchased Assets.

Section 4.08.   Compliance with Law.  Each Seller Party is in compliance in all
material respects with all applicable Laws in connection with the operation of
or performance under the Purchased Assets.  In each case with respect to the
Purchased Assets, (i) no Seller Party has been charged with, or received any
written notice that it is under investigation with respect to, any violation of
any applicable Law or other requirement of a Government Authority, (ii) no
Seller Party is a party to, or bound by, any order, judgment, decree,
injunction, rule or award of any Government Authority or arbitrator, and
(iii) each Seller Party has filed all material reports and has all material
Permits in connection with the operation of or performance under the Purchased
Assets required to be filed with any Government Authority on or prior to the
date hereof.

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Section 4.09.   Privacy and Data Security.

(a)        Compliance with Privacy and Data Security Laws. To the Knowledge of
QTS LP, the Seller Parties have complied at all times in all material respects
with all applicable Laws regarding the collection, use, storage, transfer, or
disposal of personal information in respect of the Purchased Assets.

(b)        Privacy and Data Security Contractual Obligations. To the Knowledge
of QTS LP, the Seller Parties are in compliance in all material respects with
the terms of all Assigned Contracts relating to data privacy, security, or
breach notification (including provisions that impose conditions or restrictions
on the collection, use, storage, transfer, or disposal of personal information).

(c)        Privacy and Data Security Complaints and Investigations.  To the
Knowledge of QTS LP, no Person (including any Government Authority) has
commenced any Action relating to information privacy or data security practices
in respect of the Purchased Assets, including with respect to the collection,
use, transfer, storage, or disposal of personal information maintained by or on
behalf of the Seller Parties, or, to the Knowledge of QTS LP, threatened any
such Action, or made any complaint, investigation, or inquiry relating to such
practices.

Section 4.10.   No Other Representations or Warranties.  Except for the
representations and warranties expressly set forth in this Article IV (as
modified by the Disclosure Letter), none of the Seller Parties or any other
Person has made or makes, or shall be deemed to have made or to make, any other
representation or warranty of any kind whatsoever, express or implied, written
or oral, at law or in equity, and the Seller Parties hereby disclaim all other
representations and warranties of any kind whatsoever, express or implied,
written or oral, at law or in equity, whether made by or on behalf of any Seller
Party or any other Person.  Buyer acknowledges and agrees that is not relying on
any representations or warranties other than those set forth herein; provided,
that nothing in this Section 4.10 shall prohibit Buyer from making a claim
against the Seller Parties for fraud.  Without limiting the foregoing, except
for the representations and warranties expressly set forth in this Article IV,
each Seller Party hereby disclaims all Liability and responsibility for all
projections, forecasts, estimates, financial statements, financial information,
appraisals, statements, promises, advice, data or information made, communicated
or furnished (orally or in writing, including electronically) to Buyer or any of
Buyer’s Affiliates or any Representatives of Buyer or any of Buyer’s Affiliates,
including omissions therefrom, and no Seller Party makes any representation or
warranty of any kind whatsoever, express or implied, written or oral, at law or
in equity, to Buyer or any of its Affiliates or any Representatives of Buyer or
any of its Affiliates regarding the success, profitability or value of the
Purchased Assets or the Assumed Liabilities.

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ARTICLE V

REPRESENTATIONS AND WARRANTIES OF BUYER

Buyer hereby represents and warrants to the Seller Parties that:

Section 5.01.   Organization and Authority of Buyer; Enforceability.  Buyer is a
corporation, limited partnership, limited liability company or other entity duly
incorporated, formed or organized, validly existing and, to the extent legally
applicable, in good standing under the Laws of its jurisdiction of
incorporation, formation or organization.  Buyer is duly qualified to do
business and is in good standing in the jurisdiction of its organization and as
a foreign corporation or other entity in each jurisdiction where the character
of the properties owned or leased by it or the nature of the business transacted
by it requires it to be so qualified, except where any such failure could not
reasonably be expected to result in a material adverse effect on such Buyer’s
assets, properties, business or operations.  Buyer has the requisite corporate
or other appropriate power to execute, deliver and perform its obligations under
the Transaction Documents (including the consummation of the Transactions).  The
execution, delivery and performance of the Transaction Documents by Buyer have
been duly authorized by all requisite corporate or organizational action on the
part of Buyer, and no shareholder or other similar approval is required in
connection with Buyer’s execution, delivery and performance of the Transaction
Documents.  This Agreement has been and the other Transaction Documents will be,
duly executed and delivered by Buyer, and (assuming due authorization, execution
and delivery by the other parties hereto and thereto) this Agreement
constitutes, and upon execution and delivery thereof, the other Transaction
Documents will constitute, legal, valid and binding obligations of Buyer
enforceable against Buyer in accordance with their respective terms, subject to
the Bankruptcy and Equity Exception.

Section 5.02.    No Conflict.  Assuming that all Third Party Consents required
with respect to the Purchased Assets or the Assumed Liabilities have been
obtained, or will be obtained prior to each respective Transfer Effective Time,
the execution, delivery and performance by Buyer of the Transaction Documents on
the date hereof do not and will not:

(i)         violate or conflict with the certificate or articles of
incorporation, formation or limited partnership or bylaws, operating agreement,
limited partnership agreement or similar organizational documents of Buyer;

(ii)       conflict with or violate in any material respect any Law or Order
applicable to Buyer; or

(iii)      result in any breach of, or constitute a default under, or give rise
to any right of consent, revocation, suspension, termination, withdrawal,
cancellation, modification or acceleration of any material right or obligation
or to a loss of any material benefit under any provision of any note, bond,
mortgage, indenture, contract, agreement, lease, license, permit, franchise or
other material instrument to which Buyer or any of its Subsidiaries or
Affiliates is a party or by which any of such assets or properties is bound.

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Section 5.03.   Financial Ability.  Buyer has, and will have, (a) sufficient
immediately available funds and the financial ability to pay the payments due
under this Agreement and to pay any expenses incurred by Buyer in connection
herewith and (b) the resources and capabilities (financial and otherwise) to
perform its obligations under the Transaction Documents and in each case to pay
any expenses incurred by Buyer in connection therewith.

Section 5.04.   Brokers.  No broker, finder or investment banker is entitled to
any brokerage, finder’s or other fee or commission from Buyer or any of Buyer’s
Affiliates in connection with any Transaction.

Section 5.05.   Investigation.  Buyer acknowledges and agrees that it (a) has
completed such inquiries and investigations as it has deemed appropriate into,
and, based thereon, has formed an independent judgment concerning, the Purchased
Assets, the Assumed Liabilities and the Transactions, and any other rights or
obligations to be transferred or assumed, directly or indirectly, pursuant to
the Transaction Documents and (b) has been furnished with, or given access to,
all such projections, forecasts, estimates, appraisals, statements, promises,
advice, data or information about the Seller Parties, the Purchased Assets, the
Assumed Liabilities and any other rights or obligations to be transferred or
assumed, directly or indirectly, pursuant to the Transaction Documents, as it
has requested or required.  Buyer further acknowledges and agrees that (x) the
only representations and warranties made by the Seller Parties are the
representations and warranties expressly set forth in Article IV (as modified by
the Disclosure Letter) and Buyer has not relied upon any other express or
implied representations, warranties or other projections, forecasts, estimates,
appraisals, statements, promises, advice, data or information made, communicated
or furnished by or on behalf of the Seller Parties or any of their respective
Affiliates, any Representatives of the Seller Parties or any of their respective
Affiliates or any other Person, including any projections, forecasts, estimates,
appraisals, statements, promises, advice, data or information made, communicated
or furnished by or through the Seller Bankers, or management presentations, data
rooms (electronic or otherwise) or other due diligence information, and that
Buyer will not have any right or remedy arising out of any such representation,
warranty or other projections, forecasts, estimates, appraisals, statements,
promises, advice, data or information and (y) any claims Buyer may have for any
breach of any representation or warranty shall be based solely on the
representations and warranties of the Seller Parties expressly set forth in
Article IV (as modified by the Disclosure Letter).  Except as otherwise
expressly set forth in this Agreement, Buyer understands and agrees that the
Purchased Assets and the Assumed Liabilities are being furnished on an “AS-IS”
and “WHERE-IS” basis, subject to the representations and warranties contained in
Article IV (as modified by the Disclosure Letter), without any other
representations or warranties of any nature whatsoever.

Section 5.06.   No Other Representations or Warranties.  Except for the
representations and warranties expressly set forth in this Article V, none of
Buyer or any other Person has made or makes, or shall be deemed to have made or
to make, any other representation or warranty of any kind whatsoever, express or
implied, written or oral, at law or in equity, and Buyer hereby disclaims all
other representations and warranties of any kind whatsoever, express or implied,
written or oral, at law or in equity, whether made by or on behalf of Buyer or
any other Person.  Each Seller Party acknowledges and agrees that it is not
relying on any representations or warranties other than those set forth herein;
provided, that nothing in this Section 5.06 shall prohibit the Seller Parties
from making a claim against Buyer for fraud.

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ARTICLE VI

COVENANTS

Section 6.01.   Access to Information.

(a)        During the period from the Effective Date to August 31, 2018, or such
other end date as the Parties may agree in writing, upon reasonable prior
notice, the Seller Parties shall, and shall cause each of the other Seller
Parties and their Affiliates to, furnish to the Representatives of Buyer such
information that relates exclusively to any of the Purchased Assets or the
Assumed Liabilities as Buyer or its Representatives may from time to time
reasonably request for purposes of consummating the Transactions.

(b)        From and after the Effective Date, in connection with any reasonable
business purpose, including the preparation of Tax Returns, claims relating to
Excluded Liabilities, financial statements, obligations to any Government
Authority, or the determination of any matter relating to the rights or
obligations of the Seller Parties or any of their Affiliates under any
Transaction Document, upon reasonable prior notice, and except to the extent
necessary to (i) ensure compliance with any applicable Law, (ii) preserve any
applicable privilege (including the attorney-client privilege) or (iii) comply
with any contractual confidentiality obligations, Buyer shall, and shall cause
each of its Affiliates and their respective Representatives to, at the Seller
Parties’ sole cost and expense, (A) afford each Seller Party and its
Representatives and their respective Affiliates reasonable access, during normal
business hours, to the properties, books and records of Buyer and its Affiliates
exclusively in respect of the Purchased Assets and the Assumed Liabilities,
(B) furnish to each Seller Party and its Representatives and their respective
Affiliates such additional financial and other information regarding the
Purchased Assets and the Assumed Liabilities as any Seller Party or its
Representatives may from time to time reasonably request and (C) at Buyer’s sole
discretion, make available to each Seller Party and its Representatives and
their respective Affiliates those employees of Buyer or its Affiliates whose
assistance, expertise, testimony, notes or recollections or presence may be
necessary to assist such Seller Party, its Representatives or their respective
Affiliates in connection with its inquiries for any purpose referred to above,
including the presence of such persons as witnesses in hearings or trials for
such purposes; provided,  however, that such investigation shall not
unreasonably interfere with the business or operations of Buyer or any of its
Affiliates; and provided,  further, that the auditors and accountants of Buyer
or its Affiliates shall not be obligated to make any work papers available to
any Person except in accordance with such auditors’ and accountants’ normal
disclosure procedures and then only after such Person has signed a customary
agreement relating to such access to work papers in form and substance
reasonably acceptable to such auditors or accountants.

(c)        Notwithstanding anything in this Agreement to the contrary:

(i)         (A) in no event shall the Seller Parties or their respective
Affiliates be obligated to provide any (1) access or information in violation of
any applicable Law, (2) information with respect to bids, the identity of any
bidder, confidentiality or non-disclosure agreements, letters of intent, term
sheets, expressions of interest or other proposals received in connection with
transactions comparable to or overlapping in any manner with those

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contemplated by this Agreement or any information or analysis relating to any
such communications, (3) information the disclosure of which would jeopardize
any applicable privilege (including the attorney-client privilege) available to
any of the Seller Parties or any of their respective Affiliates relating to such
information, (4) information the disclosure of which would cause any Seller
Party or any of its Affiliates to breach a confidentiality obligation to which
it is bound or (5) any consolidated Tax Return of any Seller Party or its
Affiliates and (B) the investigation contemplated by this Section 6.01 shall not
unreasonably interfere with any of the businesses, personnel or operations of
any of the Seller Parties or any of their respective Affiliates;

(ii)       the auditors and accountants of any of the Seller Parties or any of
their respective Affiliates shall not be obligated to make any work papers
available to any Person except in accordance with such auditors’ and
accountants’ normal disclosure procedures and then only after such Person has
signed a customary agreement relating to such access to work papers in form and
substance reasonably acceptable to such auditors or accountants;

(iii)      without the prior written consent of QTS TRS (which shall not be
unreasonably withheld), neither Buyer nor any of its Representatives shall
contact any third party under such Assigned Contract or any Persons that Control
or are Affiliated with any such third party or their respective Representatives,
in each case in connection with or with respect to this Agreement, any other
Transaction Document or any Transaction, until such Assigned Contract is
Transferred to Buyer in accordance with Section 2.03; and

(iv)       except as specifically related to the Purchased Assets and the
Assumed Liabilities in connection with the Transfer thereof, no Seller Party
shall be required to disclose, or cause or seek to cause the disclosure of, to
Buyer or its Affiliates or Representatives (or provide access to any properties,
books or records of any Seller Party or any of its Affiliates that would
reasonably be expected to result in the disclosure to such persons or others of)
any competitively sensitive information or any confidential information relating
to trade secrets, proprietary know-how, processes, trademark, trade name,
service mark or copyright applications or product development, or pricing and
marketing plans, nor shall any Seller Party be required to permit or cause or
seek to cause others to permit Buyer or its Affiliates or Representatives to
have access to or to copy or remove from the properties of any Seller Party or
any of its Affiliates any documents, drawings or other materials that might
reveal any such confidential information.

(d)        If so requested by QTS TRS any time on or after the Effective Date,
Buyer shall (and, as applicable, shall cause its Affiliates and Representatives
to), at the expense of QTS TRS, enter into a customary joint defense agreement
or common interest agreement with one or more of the Seller Parties or any of
their respective Affiliates with respect to any information provided to Buyer,
or to which Buyer gains access, pursuant to this Section 6.01 or otherwise.

(e)        Buyer and the Seller Parties shall conduct their interactions in
compliance with applicable Law.

Section 6.02.    Confidentiality.  Without limiting the obligations set forth in
the Confidentiality Agreement, each Party agrees that all non-public information
concerning the

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transactions contemplated by this Agreement and the Parties’ performance of
their respective obligations hereunder (including Section 6.01) will be used by
such Party solely in the course of its performance hereunder and will be treated
confidentially for so long as it remains non-public and does not otherwise
become public by the unauthorized disclosure of such Party in violation of this
Section 6.01.  Except as contemplated in the performance of its obligations
hereunder or as permitted by Section 9.04 hereof, or as otherwise required by
applicable Law or Government Authority, such Party shall not disclose such
information to any third party, other than such Party’s Representatives, without
the prior written consent of the other Party.  Notwithstanding the foregoing,
the following will not constitute “non-public information” for purposes of this
Agreement: (a) information which was already in such Party’s possession without
any obligation of confidentiality prior to its receipt from the other Party;
(b) information which is obtained by such Party from a third party who, insofar
as is known to such Party, is not prohibited from transmitting the information
to such Party by a contractual, legal or fiduciary obligation to the other
Party; and (c) information which is or becomes publicly available through no
fault of such Party.  At the written request of the other Party and to the
extent practicable and permitted by applicable Law or Government Authority, such
Party will promptly, at its election, destroy or return paper copies of such
information to the other Party at the other Party’s sole expense, and destroy
that portion of such information that may be found in analyses, compilations,
studies or other documents prepared by such Party or its
representatives.  Notwithstanding the foregoing, such information may be
retained by such Party and its Representatives to the extent (i) required by
applicable Law, Government Authority, or internal compliance or document
retention policies or (ii) electronically stored pursuant to automatic back-up
storage or archival procedures or systems.

Section 6.03.   Third Party Consents.  The Seller Parties agree to use
commercially reasonable efforts to obtain any consents and approvals from any
third party (including any Government Authority) or the waiver of any right of
any third party (including any Government Authority) that may be required under
any Assigned Contract in connection with the Transactions (collectively, the
“Third Party Consents”).  Buyer agrees to use commercially reasonable efforts to
cooperate with the Seller Parties to obtain the Third Party
Consents.  Notwithstanding anything in this Agreement to the contrary, except as
set forth in this Section 6.03, no Seller Party or any of its Affiliates shall
be required to compensate any third party more than the lesser of (x) $10,000.00
or (y) 25% of the annual value of such Assigned Contract, commence or
participate in any Action or offer or grant any accommodation (financial or
otherwise, including any accommodation or arrangement to remain secondarily
liable or contingently liable for any Assumed Liability) to any third party to
obtain any such Third Party Consent, and no Seller Party shall have any
obligations under this Section 6.03 on and after August 31, 2018.  For the
avoidance of doubt, no representation, warranty or covenant of the Seller
Parties contained in the Transaction Documents shall be breached or deemed
breached, and no condition shall be deemed not satisfied, based on (a) the
failure to obtain any Third Party Consents or (b) any Action commenced or
threatened by or on behalf of any Person arising out of or relating to the
failure to obtain any such Third Party Consents.

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Section 6.04.   Rights to Seller Names and Seller Marks Cooperation.

(a)        Except as otherwise provided in this Section 6.04 or otherwise
expressly agreed by the Seller Parties, Buyer and its Affiliates shall not use
in any manner any of the Seller Names and Seller Marks.

(b)        With respect to each Purchased Asset, Buyer and its Affiliates shall
(i) immediately upon Transfer of such Purchased Assets cease all use of any of
the Seller Names and Seller Marks on or in connection with all stationery,
business cards, purchase orders, warranties, indemnifications, invoices and
other similar correspondence and other documents of a contractual nature,
(ii) promptly, and in any event no later than thirty (30) days after the
applicable Transfer Effective Time, complete the removal of the Seller Names and
any Seller Marks from all products, services and technical information
promotional brochures and (iii) with respect to Purchased Assets bearing any
Seller Names and Seller Marks, use their commercially reasonable efforts to
relabel such Purchased Assets or remove such Seller Names and Seller Marks from
such Purchased Assets as promptly as practicable, and in any event no later than
thirty (30) days after the applicable Transfer Effective Time.

(c)        Buyer, for itself and its Affiliates, agrees that, from and after the
Effective Date, Buyer and its Affiliates (i) will not expressly, or by
implication, do business as or represent themselves as any Seller Party or its
Affiliates, (ii) with respect to each Purchased Asset after the applicable
Transfer Effective Time, will represent in writing to the counterparties to the
Assigned Contracts and others that such assets are those of Buyer and its
Affiliates and not those of any Seller Party or its Affiliates and (iii) will
use reasonable efforts to cooperate with the Seller Parties and their respective
Affiliates, at the cost and expense of the Seller Parties or such Affiliates, in
terminating any contracts pursuant to which any Seller Party licenses any Seller
Names and Seller Marks to counterparties.

(d)        Buyer, for itself and its Affiliates, acknowledges and agrees that,
except to the extent expressly provided in this Section 6.04, neither Buyer nor
any of its Affiliates shall have any rights in any of the Seller Names and
Seller Marks and neither Buyer nor any of its Affiliates shall contest the
ownership or validity of any rights of Seller or any of its Affiliates in or to
any of the Seller Names and Seller Marks.

Section 6.05.   Preservation of Books and Records.

(a)        Buyer shall use reasonable efforts to maintain separate books and
records relating to the Purchased Assets and the Assumed Liabilities (including
with respect to any Assigned Contracts that are customer contracts), separate
from the books and records of Buyer’s and its Affiliates’ other businesses or
contracts.

(b)        The Seller Parties and their respective Affiliates shall have the
right to retain copies of all books and records relating to the Purchased Assets
and the Assumed Liabilities and relating to periods ending on or before the
applicable Transfer Effective Time.  Buyer agrees that it shall preserve and
keep all original books and records in respect of the Purchased Assets and the
Assumed Liabilities in the possession or control of Buyer or its

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Affiliates for at least the longer of (i) the expiration of any applicable
statute of limitations and (ii) a period of six (6) years from each applicable
Transfer Effective Time.

(c)        During such six (6)-year or longer period, (i) Representatives of the
Seller Parties and their respective Affiliates shall, upon reasonable notice and
for any reasonable business purpose, have reasonable access during normal
business hours to examine, inspect and copy such original books and records, in
each case at the sole cost and expense of the Seller Parties or such Affiliates
and (ii) Buyer shall provide to the Seller Parties and their respective
Affiliates, at Buyer’s offices where such books and records are maintained,
reasonable access to such original books and records relating to the Purchased
Assets and the Assumed Liabilities as the Seller Parties and their respective
Affiliates shall reasonably request in connection with any Action to which the
Seller Parties and their respective Affiliates are parties or in connection with
the requirements of any Law applicable to Seller or any of its Affiliates.

(d)        After such six (6)-year or longer period, before Buyer or any of its
Affiliates shall dispose of any of such original books and records, Buyer shall
give at least ninety (90) days’ prior written notice of such intention to
dispose to the Seller Parties, and the Seller Parties and their respective
Affiliates shall be given an opportunity, at their cost and expense, to remove
and retain all or any part of such original books and records as it may elect.

Section 6.06.  Further Assurances.  Upon the terms and subject to the conditions
set forth in this Agreement, each of the Parties agrees to use commercially
reasonable efforts to take, or cause to be taken, all actions, and to do, or
cause to be done, and to assist and cooperate with the other Parties in doing,
all things necessary to consummate and make effective, in the most expeditious
manner practicable, the Transactions, including using commercially reasonable
efforts (a) to defend any Actions, whether judicial or administrative,
challenging this Agreement or the consummation of the transactions contemplated
hereby, including seeking to have any stay or temporary restraining order
entered by any court or other Government Authority vacated or reversed; and
(b) to execute, acknowledge and/or deliver such other instruments as may be
reasonably necessary to consummate the transactions contemplated by, and to
fully carry out the purposes of, this Agreement; provided,  however, that except
for Buyer’s obligations to discharge an Assumed Liability or the Seller Parties’
obligations to discharge an Excluded Liability or as set forth in Section 6.03,
nothing in this Section 6.06 shall require either Party or its Affiliates to pay
money to, commence or participate in any Action with respect to, or offer or
grant any accommodation (financial or otherwise) to, any third party.

Section 6.07.   Non-Solicitation.

(a)        Except as otherwise set forth on Section 6.07 of the Disclosure
Letter, for a period of two (2) years commencing on the Effective Date
(collectively, the “Restricted Period”), each Party shall not, and shall not
permit any of their respective Affiliates to, directly or indirectly, hire or
solicit any person who is or was employed by the other Party during the
Restricted Period, or encourage any such employee to leave such employment or
hire any such employee who has left such employment, except pursuant to a
general solicitation which is not directed specifically to any such employees;
provided that nothing in this Section 6.07(a) shall prevent any Party or any of
its respective Affiliates from hiring (i) any employee whose employment has been
terminated by the other Party or (ii) after one-hundred and eighty (180)

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days from the date of termination of employment, any employee whose employment
has been terminated by the employee.

(b)        Each Party acknowledges that a breach or threatened breach of this
Section 6.07 would give rise to irreparable harm to the other Party, for which
monetary damages would not be an adequate remedy, and hereby agrees that in the
event of a breach or a threatened breach by a Party of any such obligations, the
other Party shall, in addition to any and all other rights and remedies that may
be available to it in respect of such breach, be entitled to equitable relief,
including a temporary restraining order, an injunction, specific performance and
any other relief that may be available from a court of competent jurisdiction
(without any requirement to post bond or other security).

(c)        Each Party acknowledges that the restrictions contained in this
Section 6.07 are reasonable and necessary to protect the legitimate interests of
the other Party and constitute a material inducement to such other Party to
enter into this Agreement and consummate the transactions contemplated by this
Agreement.  In the event that any covenant contained in this Section 6.07 should
ever be adjudicated to exceed the time, geographic, product or service or other
limitations permitted by applicable Law in any jurisdiction, then any court is
expressly empowered to reform such covenant, and such covenant shall be deemed
reformed, in such jurisdiction to the maximum time, geographic, product or
service or other limitations permitted by applicable Law.  The covenants
contained in this Section 6.07 and each provision hereof are severable and
distinct covenants and provisions.  The invalidity or unenforceability of any
such covenant or provision as written shall not invalidate or render
unenforceable the remaining covenants or provisions hereof, and any such
invalidity or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such covenant or provision in any other jurisdiction.

ARTICLE VII

TAX MATTERS

Section 7.01.   Transfer Taxes.  Notwithstanding anything to the contrary in
this Agreement, Buyer on the one hand and the Seller Parties on the other hand
shall each be 50% liable for and shall indemnify, defend and hold harmless the
other from and against their 50% share of Transfer Taxes imposed or arising with
respect to the Transactions.  The Party required by Law to file a Tax Return
with respect to such Transfer Taxes shall timely prepare, with the other Party’s
cooperation, and file such Tax Return.  If the Seller Parties or any of their
respective Affiliates files any such Tax Return, Buyer shall promptly reimburse
the Seller Parties for Buyer’s share of any Transfer Taxes paid by the Seller
Parties or such Affiliate in connection with the filing of such Tax Return, and
if Buyer or any of its Affiliates files any such Tax Return, the Seller Parties
shall promptly reimburse Buyer for the Seller Parties’ share of any Transfer
Taxes paid by Buyer or such Affiliate in connection with the filing of such Tax
Return.  Buyer and the Seller Parties each agrees to timely sign and deliver (or
to cause to be timely signed and delivered) such certificates or forms as may be
necessary or appropriate and otherwise to cooperate to establish any available
exemption from (or otherwise reduce) such Transfer Taxes.

Section 7.02.   Tax Cooperation.  Without limiting the obligations set forth in
Sections 6.01 and 6.05, the Parties shall furnish or cause to be furnished to
each other, upon

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request, as promptly as practicable, such information and assistance relating to
the Purchased Assets (including access to books and records) as is reasonably
necessary for the filing of all Tax Returns, the making of any election related
to Taxes, the preparation for any audit by any Taxing Authority, and the
prosecution or defense of any audit, proposed adjustment or deficiency,
assessment, claim, suit or other Action relating to any Taxes or Tax
Return.  The Parties shall cooperate with each other in the conduct of any audit
or other proceeding related to Taxes and all other Tax matters relating to the
Purchased Assets and each shall execute and deliver such powers of attorney and
other documents as are necessary to carry out the intent of this
Article VII.  Buyer agrees that it shall preserve and keep, or cause to be
preserved and kept, all original books and records in respect of the Purchased
Assets relating to any Taxes with respect to Taxable years or periods (in whole
or in part) ending on or before the applicable Transfer Effective Time and in
the possession of Buyer or its Affiliates in accordance with Section 6.05. Each
Party shall, upon request, use its commercially reasonable efforts to obtain any
certificate or other document from any Tax Authority or any other Person as may
be necessary to mitigate, reduce or eliminate any Tax that could be imposed.

Section 7.03.   Allocation of Taxes.

(a)        Each Seller Party shall be liable for: (a) all Transfer Taxes
allocable to the Seller Party pursuant to Section 7.01, (b) any and all Taxes
imposed on or with respect to the Excluded Assets, (c) any and all Taxes imposed
on or with respect to the ownership or operation of the Purchased Assets for any
Tax period ending on or before the applicable Transfer Effective Time or, with
respect to any Tax period that includes (but does not end on) the applicable
Transfer Effective Time, the portion of such Tax period ending on the applicable
Transfer Effective Time (which shall be prorated based on the respective number
of days in each period except that in the case of Taxes based on net or gross
income, or transactional Taxes such as sales Taxes, such Taxes shall be
allocated to the portion of the Tax period in which the transaction giving rise
to such Taxes occurred), and (d) any and all Taxes imposed on Buyer as successor
or transferee from the Seller Parties with respect to the ownership of the
Purchased Assets (collectively, the “Seller Taxes”).

(b)        Buyer shall be liable for (a) any and all Taxes imposed on or with
respect to the ownership or operation of the Purchased Assets for any Tax period
beginning on or after the applicable Transfer Effective Time or, with respect to
any Tax period that includes (but does not end on) the applicable Transfer
Effective Time, the portion of such Tax period beginning on the applicable
Transfer Effective Time (which shall be prorated based on the respective number
of days in each period except that in the case of Taxes based on net or gross
income, or transactional Taxes such as sales Taxes, such Taxes shall be
allocated to the portion of the Tax period in which the transaction giving rise
to such Taxes occurred), and (b) all Transfer Taxes allocable to Buyer pursuant
to Section 7.01 (collectively, the “Buyer Taxes”).

ARTICLE VIII

INDEMNIFICATION

Section 8.01. Survival.  The representations and warranties (other than Seller
Fundamental Representations and Buyer Fundamental Representations) set forth in
this

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Agreement shall survive for a period of twelve (12) months following the
Effective Date, and the covenants and agreements set forth in this Agreement
shall survive until fully performed and claims for breach related thereto shall
survive until the expiration of the applicable statute of limitations.  Seller
Fundamental Representations and Buyer Fundamental Representations shall survive
for a period of two (2) years after the Effective Date.  No claim for
indemnification under this Article VIII shall be brought by any Party after the
expiration of the applicable survival period set forth in this Section 8.01.

Section 8.02.   Indemnification by QTS TRS.

(a)        Subject to the terms of this Agreement, QTS TRS shall indemnify and
hold harmless Buyer and its Affiliates (collectively, the “Buyer Indemnified
Parties”) against, and reimburse any Buyer Indemnified Party for, all Losses
suffered or incurred by such Buyer Indemnified Party in connection with or as a
result of (i) any breach or failure by the Seller Parties to perform any of
their respective covenants or agreements contained in this Agreement, (ii) any
Excluded Liability, (iii) all Seller Taxes, or (iv) any Liability of any Buyer
Indemnified Party under an Assigned Contract arising in connection with
QTS TRS’s provision of the Transition Services (as defined in the Transition
Services Agreement), except to the extent caused by Buyer’s willful misconduct
or negligence; provided that the indemnification obligation of QTS TRS under the
foregoing clause (iv) shall survive until the expiration of the applicable
statute of limitations and shall in no event exceed the amount paid by Buyer to
QTS TRS for such temporary transition services in respect of the applicable
Assigned Contract; provided further, that QTS TRS shall have no indemnification
obligation with respect to the foregoing cause (ii) to the extent, but only to
the extent, Losses arising therefrom are attributable to Buyer’s actions or
failure to act, to the extent Buyer had knowledge or reasonably should have had
knowledge and failed to reasonably mitigate Losses,  following the applicable
Transfer Effective Time.

(b)        Subject to the terms of this Agreement, QTS TRS shall indemnify and
hold harmless the Buyer Indemnified Parties against, and reimburse any Buyer
Indemnified Party for, all Losses (excluding any special, indirect or punitive
damages, lost profits, loss of business reputation or opportunity or similar
items) suffered or incurred by such Buyer Indemnified Party in connection with
or as a result of any breach of or with respect to any representation or
warranty of the Seller Parties contained in or made pursuant to Article IV of
this Agreement or in any certificate delivered by the Seller Parties in
connection with any Transfer; provided that, (A) QTS TRS shall have no
obligation to indemnify, hold harmless or reimburse any Buyer Indemnified Party
under this Section 8.02(b) until the aggregate amount of such Losses exceeds
$50,000.00, after which QTS TRS shall only be obligated for such aggregate
Losses of Buyer Indemnified Parties in excess of such amount, other than in the
case of a breach of any Seller Fundamental Representation or in the case of
fraud; (B) the cumulative indemnification obligation of QTS TRS under this
Section 8.02(b) shall in no event exceed $1,000,000.00, other than in the case
of a breach of any Seller Fundamental Representation or in the case of fraud;
and (C) the indemnification provisions of this Section 8.02(b) shall be the sole
and exclusive remedies of any Buyer Indemnified Party for any Losses (including
any Losses from claims for breach of contract, warranty, tortious conduct,
negligence or otherwise and whether predicated on common law, statute, strict
liability, or otherwise) that it may at any time suffer or incur, or become
subject to, in connection with or as a result of any breach of any

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representation or warranty set forth in this Agreement by the Seller Parties,
except in the case of fraud.

Section 8.03.   Indemnification by Buyer.

(a)        Subject to the terms of this Agreement, Buyer shall indemnify and
hold harmless each of the Seller Parties and their respective Affiliates
(collectively, the “Seller Indemnified Parties”) against, and reimburse any
Seller Indemnified Party for, all Losses suffered or incurred by such Seller
Indemnified Party as a result of: (i) any breach or failure by Buyer to perform
any of its covenants or agreements contained in this Agreement; (ii) any Assumed
Liability; or (iii) all Buyer Taxes.

(b)        Subject to the terms of this Agreement, Buyer shall indemnify and
hold harmless the Seller Indemnified Parties against, and reimburse any Seller
Indemnified Party for, all Losses (excluding any special, indirect or punitive
damages, lost profits, loss of business reputation or opportunity or similar
items) suffered or incurred by such Seller Indemnified Party in connection with
or as a result of any breach of or with respect to any representation or
warranty of Buyer contained in or made pursuant to this Agreement or in any
certificate delivered by Buyer in connection with any Transfer; provided that
(A) Buyer shall have no obligation to indemnify, hold harmless or reimburse any
Seller Indemnified Party under this Section 8.03(b) until the aggregate amount
of such Losses exceeds $50,000.00, after which Buyer shall only be obligated for
such aggregate Losses of Seller Indemnified Parties in excess of such amount,
other than in the case of a breach of any Seller Fundamental Representation or
in the case of fraud; (B) the cumulative indemnification obligation of Buyer
under this Section 8.03(b) shall in no event exceed $1,000,000.00, other than in
the case of a breach of any Seller Fundamental Representation or in the case of
fraud; and (C) the indemnification provisions of this Section 8.03(b) shall be
the sole and exclusive remedies of any Seller Indemnified Party for any Losses
(including any Losses from claims for breach of contract, warranty, tortious
conduct, negligence or otherwise and whether predicated on common law, statute,
strict liability, or otherwise) that it may at any time suffer or incur, or
become subject to, in connection with or as a result of any breach of or with
respect to any representation or warranty set forth in this Agreement by Buyer,
except in the case of fraud.

Section 8.04.   Notification of Claims.

(a)        Except as otherwise provided in this Agreement, a Person that may be
entitled to be indemnified under this Agreement (the “Indemnified Party”), shall
promptly notify the Party liable for such indemnification (the “Indemnifying
Party”) in writing of any pending or threatened claim, demand or circumstance
that the Indemnified Party has determined has given or would reasonably be
expected to give rise to a right of indemnification under this Agreement
(including a pending or threatened claim or demand asserted by a third party
against the Indemnified Party, such claim being a “Third Party Claim”),
describing in reasonable detail the facts and circumstances with respect to the
subject matter of such claim, demand or circumstance; provided,  however, that
the failure to provide such notice shall not release the Indemnifying Party from
any of its obligations under this Article VIII except to the extent the
Indemnifying Party is materially prejudiced by such failure, it being understood
that notices for claims in respect of a breach of a representation or warranty
must be delivered before the

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expiration of any applicable survival period specified in Section 8.01 for such
representation or warranty.

(b)        Upon receipt of a notice of a claim for indemnity from an Indemnified
Party pursuant to Section 8.04(a) with respect to any Third Party Claim, the
Indemnifying Party shall have the right (but not the obligation) to assume the
defense and control of any Third Party Claim and, in the event that the
Indemnifying Party shall assume the defense of such claim, it shall allow the
Indemnified Party a reasonable opportunity to participate in the defense of such
Third Party Claim with its own counsel and at its own expense.  The Person that
shall control the defense of any such Third Party Claim (the “Controlling
Party”) shall select counsel, contractors and consultants of recognized standing
and competence after consultation with the other Party and shall take all steps
reasonably necessary in the defense or settlement of such Third Party Claim.

(c)        QTS TRS or Buyer, as the case may be, shall, and shall cause each of
its Affiliates and Representatives to, cooperate fully with the Controlling
Party in the defense of any Third Party Claim.  The Indemnifying Party shall be
authorized to consent to a settlement of, or the entry of any judgment arising
from, any Third Party Claim, without the consent of any Indemnified Party;
provided that the Indemnifying Party shall (i) pay all amounts arising out of
such settlement or judgment concurrently with the effectiveness of such
settlement and (ii) obtain, as a condition of any settlement or other
resolution, a complete release of any Indemnified Party potentially affected by
such Third Party Claim.

ARTICLE IX

MISCELLANEOUS

Section 9.01.   Rules of Construction.  The following rules of construction
shall govern the interpretation of this Agreement:

(a)        references to “applicable” Law or Laws with respect to a particular
Person, thing or matter means only such Law or Laws as to which the Government
Authority that enacted or promulgated such Law or Laws has jurisdiction over
such Person, thing or matter as determined under the Laws of the State of
Delaware as required to be applied thereunder by a court sitting in the State of
Delaware; references to any statute, rule, regulation or form (including in the
definition thereof) shall be deemed to include references to such statute, rule,
regulation or form as amended, modified, supplemented or replaced from time to
time (and, in the case of any statute, include any rules and regulations
promulgated under such statute), and all references to any section of any
statute, rule, regulation or form include any successor to such section;

(b)        when calculating the period of time before which, within which or
following which any act is to be done or step taken pursuant to this Agreement,
the date that is referenced in beginning the calculation of such period will be
excluded (for example, if an action is to be taken within two (2) days after a
triggering event and such event occurs on a Tuesday, then the action must be
taken by Thursday); if the last day of such period is a non-Business Day, the
period in question will end on the next succeeding Business Day;

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(c)        whenever the context requires, words in the singular shall be held to
include the plural and vice versa, and words of one gender shall be held to
include the other gender as the context requires;

(d)        (i) the provision of a table of contents, the division into Articles,
Sections and other subdivisions and the insertion of headings are for
convenience of reference only and shall not affect or be utilized in construing
or interpreting this Agreement and (ii) references to the terms
“Article,” “Section,” “subsection,” “subclause,” “clause,” “Schedule” and
“Exhibit” are references to the Articles, Sections, subsections, subclauses and
clauses of, and Schedules and Exhibits to, this Agreement unless otherwise
specified;

(e)        (i) the terms “hereof,” “herein,” “hereby,” “hereto,” and derivative
or similar words refer to this entire Agreement, including the Schedules and
Exhibits hereto, (ii) the terms “include,” “includes,” “including” and words of
similar import when used in this Agreement mean “including, without limitation”
unless otherwise specified, (iii) the term “any” means “any and all” and
(iv) the term “or” shall not be exclusive and shall mean “and/or”  unless the
context otherwise requires;

(f)        (i) references to “days” means calendar days unless Business Days are
expressly specified, (ii) references to “written” or “in writing” include in
electronic form and (iii) references to “$” means U.S. dollars;

(g)        references to any Person includes such Person’s successors and
permitted assigns;

(h)        whenever this Agreement requires any Seller Party to take any action,
such requirement shall be deemed to involve an undertaking on the part of
QTS TRS to take such action or to cause such Seller Party to take such action;
provided that the foregoing shall not relieve any Seller Party from any
liability for failure to take such action; and

(i)         each Party has participated in the negotiation and drafting of this
Agreement and if an ambiguity or question of interpretation should arise, this
Agreement shall be construed as if drafted jointly by the Parties and no
presumption or burden of proof shall arise favoring or burdening either Party by
virtue of the authorship of any provision in this Agreement; the language used
herein will be deemed to be the language chosen by the Parties to express their
mutual intent, and no rule of strict construction will be applied against either
Party.  Further, prior drafts of this Agreement or any ancillary agreements
hereto or the fact that any clauses have been added, deleted or otherwise
modified from any prior drafts of this Agreement or any ancillary agreements
hereto shall not be used as an aide of construction or otherwise constitute
evidence of the intent of the Parties; and no presumption or burden of proof
shall arise favoring or disfavoring any Party by virtue of such prior drafts.

Section 9.02.   Expenses.  Except as otherwise specified in the Transaction
Documents, each Party will pay its own costs and expenses, including legal,
consulting, financial advisor and accounting fees and expenses, incurred in
connection with the Transaction Documents and the Transactions, irrespective of
when incurred.

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Section 9.03.   Notices.  All notices and other communications under or by
reason of this Agreement shall be in writing and shall be deemed to have been
duly given or made (a) when personally delivered, (b) when delivered by
facsimile or e-mail transmission with receipt confirmed (followed by delivery of
an original by another delivery method provided for in this Section 9.03) if
delivered during business hours of the recipient, otherwise on the next Business
Day or (c) one (1) Business Day after deposit with overnight courier service, in
each case to the addresses, facsimile numbers or e-mail addresses and attention
parties indicated below (or such other address, facsimile number, e-mail address
or attention party as the recipient party has specified by prior notice given to
the sending party in accordance with this Section 9.03):

 

 

 

 

 

 

 

If to any Seller Party, to:

c/o QTS Realty Trust, Inc.

12851 Foster Street

Overland Park, KS 66213

Attention:  Legal Department

Facsimile:  877-772-5290

E-mail:  legal@qtsdatacenters.com

 

 

with a copy (which will not constitute notice) to:

Hogan Lovells US LLP

555 Thirteenth Street, NW

Washington, DC 20004

Attention:  Matt Thomson

Facsimile: 202-637-5910

E-mail:  matt.thomson@hoganlovells.com

 

 

If to Buyer, to:

General Datatech, L.P.

999 Metro Media Place

Dallas, Texas 75247

Attention:  GDT Legal Department

E-mail:  legal@gdt.com

 

 

with a copy (which will not constitute notice) to:

Wick Phillips Gould & Martin, LLP

3131 McKinney Ave., Suite 100

Dallas, TX 75204

Attention:  Rob Schroeder

Facsimile: 214-692-6255

E-mail:  rob.schroeder@wickphillips.com

 

 

Section 9.04.   Public Announcements.  No Party or any of its Affiliates or
Representatives shall issue or cause the publication of any press release or
public announcement or otherwise communicate with any news media in respect of
the Transaction Documents or the Transactions without the prior written consent
of the other Parties, which consent shall not be unreasonably withheld, (x)
unless required by Law (including SEC rules and regulations) or Governmental
Authority or in connection with public earnings announcements in the ordinary
course and (y) except for initial press releases or other written communications
announcing the Transactions that are shared with the other Parties as reasonably
in advance as is practicable with

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such other Parties having an opportunity to review and comment on any such press
release or other written communication.

Section 9.05.  Severability.  If any term or provision of this Agreement is held
invalid, illegal or unenforceable in any respect under any applicable Law, as a
matter of public policy or on any other grounds, the validity, legality and
enforceability of all other terms and provisions of this Agreement will not in
any way be affected or impaired.  If the final judgment of a court of competent
jurisdiction or other Government Authority declares that any term or provision
hereof is invalid, illegal or unenforceable, the Parties hereto shall negotiate
in good faith to modify this Agreement to effect the original intent of the
Parties as closely as possible in order that the transactions contemplated
hereby be consummated as originally contemplated to the greatest extent
possible, including to reduce the scope, duration, area or applicability of the
term or provision, to delete specific words or phrases, or to replace any
invalid, illegal or unenforceable term or provision with a term or provision
that is valid, legal and enforceable; provided that if no such agreement shall
be reached among the Parties, the Parties agree that the court shall have such
power to modify this Agreement to effect the original intent of the Parties as
closely as possible in order that the transactions contemplated hereby be
consummated as originally contemplated to the greatest extent possible.

Section 9.06.   Assignment.  This Agreement will be binding upon and inure to
the benefit of and be enforceable by the respective successors and permitted
assigns of the Parties.  Neither Party may assign (whether by operation of Law
or otherwise) this Agreement or any rights, interests or obligations provided by
this Agreement without the prior written consent of the other Party; provided,
 however, that notwithstanding the foregoing, the Seller Parties may assign this
Agreement or any or all of their respective rights and obligations hereunder to
any Person that at the time of such assignment is a QTS Permitted Assignee and
that expressly assumes all of the obligations of such Seller Party hereunder, in
which case upon any such permitted assignment by such Seller Party the
references in this Agreement to such Seller Party shall apply to such assignee
unless the context otherwise requires.  Any attempted assignment in violation of
this Section 9.06 shall be void ab initio.

Section 9.07.   No Third-Party Beneficiaries.  Except as set forth in Article
VIII, this Agreement and the other Transaction Documents are for the sole
benefit of the Parties and their respective successors and permitted assigns,
and, except as expressly set forth in the applicable Transaction Document,
nothing in the Transaction Documents shall create or be deemed to create any
third-party beneficiary rights in any Person not a party to the Transaction
Documents, including any Affiliates of any Party.

Section 9.08.   Entire Agreement.  This Agreement (including the Exhibits and
the Disclosure Letter) and the other Transaction Documents (and all exhibits and
schedules hereto and thereto) collectively constitute and contain the entire
agreement and understanding of the Parties with respect to the subject matter
hereof and thereof and supersede all prior negotiations, correspondence,
understandings, agreements and contracts, whether written or oral, between the
Parties respecting the subject matter hereof and thereof.

Section 9.09.   Amendments.  The Transaction Documents (including all exhibits
and schedules thereto) may be amended, restated, supplemented or otherwise
modified, only by

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written agreement making specific reference to the applicable Transaction
Document to be amended, restated, supplemented or otherwise modified, in each
case duly executed by each party to such Transaction Document.

Section 9.10.   Waiver.  Either a Seller Party or Buyer may (a) extend the time
for the performance of any obligation or other acts of the other Party,
(b) waive any breaches or inaccuracies in the representations and warranties of
the other Party contained in this Agreement or in any document delivered
pursuant to this Agreement or (c) waive compliance with any covenant, agreement
or condition contained in this Agreement but such waiver of compliance with any
such covenant, agreement or condition shall not operate as a waiver of, or
estoppel with respect to, any subsequent or other failure; provided that any
such waiver shall be in a written instrument duly executed by the waiving
Party.  No failure on the part of either Party to exercise, and no delay in
exercising, any right, power or remedy under any Transaction Document shall
operate as a waiver thereof, nor shall any single or partial exercise of such
right, power or remedy by such Party preclude any other or further exercise
thereof or the exercise of any other right, power or remedy.

Section 9.11.   Governing Law.  The Transaction Documents, and any Action that
may be based upon, arise out of or relate or be incidental to any Transaction,
any Transaction Document, the negotiation, execution, performance or
consummation of any of the foregoing or the inducement of any Party to enter
into any of the foregoing, whether for breach of contract, tortious conduct or
otherwise, and whether now existing or hereafter arising (each, a “Transaction
Dispute”), will be exclusively governed by and construed and enforced in
accordance with the internal Laws of the State of Delaware, without giving
effect to any Law or rule that would cause the Laws of any jurisdiction other
than the State of Delaware to be applied.

Section 9.12.   Dispute Resolution; Consent to Jurisdiction.

(a)        Except as otherwise provided in the Channel Agreement, any
Transaction Dispute will exclusively be brought and resolved in the
U.S. District Court for the District of Delaware (where federal jurisdiction
exists) or the commercial division of the courts of the State of Delaware (where
federal jurisdiction does not exist), and the appellate courts having
jurisdiction of appeals in such courts.  In that context, and without limiting
the generality of the foregoing, each Party irrevocably and unconditionally:

(i)         submits for itself and its property to the exclusive jurisdiction of
such courts with respect to any Transaction Dispute and for recognition and
enforcement of any judgment in respect thereof, and agrees that all claims in
respect of any Transaction Dispute shall be heard and determined in such courts;

(ii)       agrees that venue would be proper in such courts, and waives any
objection that it may now or hereafter have that any such court is an improper
or inconvenient forum for the resolution of any Transaction Dispute; and

(iii)      agrees that the mailing by certified or registered mail, return
receipt requested, to the Persons listed in Section 9.03 of any process required
by any such court, will be effective service of process; provided,  however,
that nothing herein will be deemed to

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prevent a Party from making service of process by any means authorized by the
Laws of the State of Delaware.

(b)        The foregoing consent to jurisdiction will not constitute submission
to jurisdiction or general consent to service of process in the State of
Delaware for any purpose except with respect to any Transaction Dispute.

Section 9.13.   Waiver of Jury Trial.  To the maximum extent permitted by Law,
each Party irrevocably and unconditionally waives any right to trial by jury in
any forum in respect of any Transaction Dispute and covenants that neither it
nor any of its Affiliates or Representatives will assert (whether as plaintiff,
defendant or otherwise) any right to such trial by jury.  Each Party certifies
and acknowledges that (a) such Party has considered the implications of this
waiver, (b) such Party makes this waiver voluntarily and (c) such waiver
constitutes a material inducement upon which the other Party is relying and will
rely in entering into the Transaction Documents.  Each Party may file an
original counterpart or a copy of this Section 9.13 with any court as written
evidence of the consent of each Party to the waiver of its right to trial by
jury.

Section 9.14.   Admissibility into Evidence.  All offers of compromise or
settlement among the Parties or their Representatives in connection with the
attempted resolution of any Transaction Dispute (a) shall be deemed to have been
delivered in furtherance of a Transaction Dispute settlement, (b) shall be
exempt from discovery and production and (c) shall not be admissible into
evidence (whether as an admission or otherwise) in any proceeding for the
resolution of the Transaction Dispute.

Section 9.15.   Remedies; Specific Performance.

(a)        Except to the extent set forth otherwise in this Agreement (including
in Sections 8.02(a),  8.02(b) and 8.03(b)), all remedies under this Agreement
expressly conferred upon a Party will be deemed cumulative with and not
exclusive of any other remedy conferred hereby, or by Law or equity upon such
Party, and the exercise by a Party of any one remedy will not preclude the
exercise of any other remedy.

(b)        Each Party agrees that irreparable damage would occur and the Parties
would not have an adequate remedy at law if any provision of this Agreement is
not performed in accordance with its specific terms or is otherwise
breached.  Accordingly, each Party agrees that the other Parties will be
entitled to injunctive relief from time to time to prevent breaches of the
provisions of this Agreement and to enforce specifically the terms and
provisions of this Agreement, in each case (i) without the requirement of
posting any bond or other indemnity and (ii) in addition to any other remedy to
which it may be entitled, at law or in equity.  Furthermore, each Party agrees
not to raise any objections to the availability of the equitable remedy of
specific performance to prevent or restrain breaches of this Agreement, and to
specifically enforce the terms of this Agreement to prevent breaches or
threatened breaches of, or to enforce compliance with, the covenants and
obligations of such Party under this Agreement.  Each Party expressly disclaims
that it is owed any duty not expressly set forth in this Agreement, and waives
and releases all tort claims and tort causes of action that may be based upon,
arise out of or relate to this Agreement, or the negotiation, execution or
performance of this Agreement.

28

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Section 9.16.   Non-Recourse.  All claims, obligations, liabilities, or causes
of action (whether in contract or in tort, in law or in equity, or granted by
statute) with respect to the Parties that may be based upon, in respect of,
arise under, out or by reason of, be connected with, or relate in any manner to
the Transaction Documents, or the negotiation, execution, or performance of the
Transaction Documents (including any representation or warranty made in, in
connection with, or as an inducement to, the Transaction Documents), may be made
only against (and are expressly limited to) the entities that are expressly
identified as the Parties in the preamble to this Agreement or their respective
Affiliates expressly identified as parties to the other Transaction Documents,
as applicable.  No Person who is not a Party, including any past, present or
future incorporator, member, partner (including general and limited partners),
manager, stockholder, Affiliate or Representative of, and any financial advisor
or lender to, any Party, or any incorporator, member, partner (including general
and limited partners), manager, stockholder, Affiliate or Representative of, and
any financial advisor or lender to, any of the foregoing shall have any
liability (whether in contract or in tort, in law or in equity, or granted by
statute) for any claims, causes of action, obligations, or liabilities with
respect to the Parties arising under, out of, in connection with, or related in
any manner to the Transaction Documents or based on, in respect of, or by reason
of the Transaction Documents or their negotiation, execution, performance, or
breach.

Section 9.17.   Interest.  If any payment required to be made to a Party under
this Agreement is made after the date on which such payment is due, interest
shall accrue on such amount from (but not including) the due date of the payment
to (and including) the date such payment is actually made at an interest rate of
five percent (5%) per annum.  All computations of interest pursuant to this
Agreement shall be made on the basis of a year of three-hundred and sixty five
(365) days, in each case for the actual number of days from (but not including)
the first day to (and including) the last day occurring in the period for which
such interest is payable.

Section 9.18.   Disclosure Letter and Exhibits.  Any capitalized terms used in
any Exhibit attached to this Agreement or in the Disclosure Letter provided in
connection with this Agreement, but not otherwise defined therein shall be
defined as set forth in this Agreement.  The representations and warranties of
the Seller Parties set forth in this Agreement are made and given subject to the
disclosures contained in the Disclosure Letter, and neither the Seller Parties
nor any of their respective Affiliates shall be, or be deemed to be, in breach
of any such representations and warranties (and no claim shall lie in respect
thereof) in respect of any such matter so disclosed in the Disclosure Letter.
Inclusion of information in the Disclosure Letter will not be construed as an
admission that such information is material to the business, operations or
condition (financial or otherwise) of the Purchased Assets or Assumed
Liabilities or is required to be disclosed hereunder.  The Disclosure Letter has
been arranged for purposes of convenience in separately titled Sections
corresponding to the Sections of this Agreement, however, each Section of the
Disclosure Letter shall be deemed to incorporate by reference all information
disclosed in any other Section of the Disclosure Letter to the extent it is
reasonably apparent that the disclosure of such matter is applicable to such
Section of the Disclosure Letter.

Section 9.19.    Counterparts.  Each Transaction Document may be executed and
delivered in counterparts, each of which shall be deemed an original, but all of
which when taken together shall constitute one and the same
instrument.  Facsimiles, e-mail transmission of .pdf signatures

29

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or other electronic copies of signatures shall be deemed to be originals.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK;

SIGNATURE PAGE FOLLOWS]

 

 

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IN WITNESS WHEREOF, each of the Seller Parties and Buyer have caused this
Agreement to be executed on the date first written above by their respective
duly authorized officer.

 

 

SELLER PARTIES:

 

 

 

QUALITY TECHNOLOGY SERVICES HOLDING, LLC

 

 

 

By

/s/ Chad L. Williams

 

Name:

Chad L. Williams

 

Title:

President and Chief Executive Officer

 

 

 

 

QUALITYTECH, LP

 

 

 

 

By

/s/ Chad L. Williams

 

Name:

Chad L. Williams

 

Title:

Chairman and Chief Executive Officer

 

 

 

 

BUYER:

 

 

 

 

GENERAL DATATECH, L.P.

 

 

 

 

By

Gendata, L.L.C., its general partner

 

 

 

 

By

/s/ John W. Roberts

 

Name:

John W. Roberts

 

Title:

President

 

[Signature Page to Transaction Agreement]

 

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EXHIBIT A

DEFINITIONS

“Action” means any action, suit, arbitration, proceeding or investigation by or
before any Government Authority.

“Affiliate” means, with respect to any specified Person, any other Person that,
at the time of determination, directly or indirectly through one or more
intermediaries, Controls, is Controlled by or is under common Control with such
specified Person; provided,  however, that for the purposes of this Agreement,
the Seller Parties shall not be deemed Affiliates of Buyer.

“Agreement” means this Transaction Agreement, dated as of April 24, 2018, by and
among the Seller Parties and Buyer, including the Exhibits attached hereto and
the Disclosure Letter provided in connection herewith, and all amendments or
supplements hereto in accordance with Section 9.09.

“Bankruptcy and Equity Exception” means the effect on enforceability of (a) any
applicable Law relating to bankruptcy, reorganization, insolvency, moratorium,
fraudulent conveyance or preferential transfers, or similar Law relating to or
affecting creditors’ rights generally and (b) general principles of equity
(regardless of whether enforceability is considered in a proceeding in equity or
at law).

“Business Day” means any day that is not a Saturday, a Sunday or other day on
which commercial banks in the City of New York, New York are required or
authorized by Law to be closed.

“Buyer Fundamental Representations” means the representations and warranties
made in Section 5.01 (Organization and Authority of Buyer; Enforceability) and
Section 5.04 (Brokers).

“Code” means the U.S. Internal Revenue Code of 1986, as amended.

“Confidentiality Agreement” the means the Confidentiality Agreement, dated
March 20, 2018, by and between Buyer and QTS Realty Trust, Inc., on behalf of
themselves and their respective Affiliates, as the same may be amended from time
to time in accordance with its terms.

“Consent” means any consent, approval or authorization.

“Contract”” means any legally binding written or oral contract, agreement or
other undertaking.

“Control” means, as to any Person, the power to direct or cause the direction of
the management and policies of such Person, whether through the ownership of
voting securities, by contract or otherwise.  The terms “Controlled
by,” “Controlled,” “under common Control with” and “Controlling” shall have
correlative meanings.

A-32

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“Disclosure Letter” means the disclosure letter dated as of the Effective Date
provided by the Seller Parties to Buyer in connection with this Agreement, and
which forms a part of this Agreement.

“Government Authority” means any U.S. federal, state or local or any
supra-national or non-U.S. government, political subdivision, governmental,
regulatory or administrative authority, instrumentality, agency, body or
commission, self-regulatory organization or any court, tribunal, or judicial or
arbitral body.

“Knowledge of QTS LP” means the actual or constructive knowledge, after making
reasonable inquiry, of the Persons set forth on Section A of the Disclosure
Letter.

“Law” means any U.S. federal, state, local or non-U.S. statute, law, ordinance,
regulation, rule, code, Order or other requirement or rule of law (including
common law).

“Liabilities” means any liability, debt, guarantee, claim, demand, expense,
commitment or obligation (whether direct or indirect, absolute or contingent,
accrued or unaccrued, liquidated or unliquidated, or due or to become due) of
every kind and description, including all costs and expenses related thereto.

“Lien” means any mortgage, deed of trust, pledge, hypothecation, security
interest, encumbrance, claim or other lien.

“Losses” means all losses, damages, costs, expenses, and liabilities actually
suffered or incurred and paid (including reasonable attorneys’ fees).

“Net AR/AP Amount” means, with respect to an Assigned Contract and based on
amounts as of the applicable Transfer Effective Time, the difference, which may
be a positive or negative amount, of (x) the amount of any outstanding accounts
receivable and notes receivable thereunder, minus (y) the amount of any
outstanding accounts payable or notes payable thereunder.  For the avoidance of
doubt, a positive Net AR/AP Amount shall be treated as a credit in favor of
QTS TRS and a negative Net AR/AP Amount shall be treated as a credit in favor of
Buyer for purposes of calculating any cash payment under Section 2.03(a).

“Order” means any order, writ, judgment, injunction, temporary restraining
order, decree, stipulation, determination or award entered by or with any
Government Authority.

“Permits” means all permits, approvals, authorizations, licenses, Consents,
registrations, concessions, grants, franchises, certificates, identification
numbers exemptions, waivers, and filings issued or required by any Government
Authority under applicable Law.

“Permitted Liens” means the following Liens:

(a)        Liens for Taxes, assessments or other governmental charges or levies
that are not yet due or payable or that are being contested in good faith by
appropriate proceedings;

A-33

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(b)        statutory Liens of landlords and Liens of carriers, warehousemen,
mechanics, materialmen, workmen, repairmen and other Liens imposed by Law and on
a basis consistent with past practice;

(c)        Liens created by or through, or resulting from any facts or
circumstances relating to, Buyer or its Affiliates; and

(d)        Liens arising out of, under or in connection with this Agreement or
the other Transaction Documents.

“Person” means any natural person, general or limited partnership, corporation,
company, trust, limited liability company, limited liability partnership, firm,
association or organization or other legal entity.

“QTS Permitted Assignee” means a Person that is either:  (i) QTS Realty Trust,
Inc. or (ii) a direct or indirect subsidiary of QTS Realty Trust, Inc.

“Records” means all books, records, ledgers and files or other similar
information of the Seller Parties (in any form or medium) exclusively related
to, used or held for use in connection with the Purchased Assets, including all
client lists, vendor and supplier lists, correspondence, mailing lists, revenue
records, invoices (and any supporting documentation to such invoices),
advertising materials, brochures, records of operation, standard forms of
documents, manuals of operations or business procedures, photographs,
blueprints, research files and materials, and data books.

“Representative” of a Person means the directors, officers, employees, advisors,
agents, consultants, attorneys, accountants, investment bankers or other
representatives of such Person.

“Seller Fundamental Representations” means the representations and warranties
made in Section 4.01 (Organization and Authority of the Seller Parties;
Enforceability) and Section 4.03 (Brokers).

“Seller Intellectual Property” means all Intellectual Property that is owned,
licensed or used by any of the Seller Parties, including those internet protocol
addresses allocated to or used by any Seller Party or any of its Affiliates.

“Seller Names and Seller Marks” means the names or marks of QTS Realty Trust,
Inc., a Maryland corporation, Seller or any of their respective Affiliates,
including names that use or contain “QTS” (in block letters or otherwise), the
QTS monogram, “QTS Realty Trust” and “QualityTech” either alone or in
combination with other words and all marks, trade dress, logos, monograms,
domain names and other source identifiers confusingly similar to or embodying
any of the foregoing either alone or in combination with other words.

“Seller Technology” means all Technology that is owned by any of the Seller
Parties.

A-34

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“Subsidiary” of any specified Person means any other Person of which such first
Person owns (either directly or through one or more other Subsidiaries) a
majority of the outstanding equity securities or securities carrying a majority
of the voting power in the election of the board of directors or other governing
body of such Person, and with respect to which entity such first Person is not
otherwise prohibited contractually or by other legally binding authority from
exercising Control.

“Tax” or “Taxes” means all income, excise, gross receipts, ad valorem,
value-added, sales, use, employment, franchise, profits, gains, property,
transfer, use, payroll, intangibles or other taxes of any kind whatsoever
(whether payable directly or by withholding), together with any interest and any
penalties, additions to tax or additional amounts imposed by any Taxing
Authority with respect thereto, and any Liability for the payment of any amounts
of the type described in the foregoing clause as a result of being a transferee
or successor to any person, as a result of any express or implied obligation to
indemnify any other Person, by Contract, operation of law, Treasury Regulation
section 1.1502-6(a) (or any predecessor or successor thereof or any analogous or
similar provision under Law) or otherwise.

“Tax Returns” means all returns and reports (including elections, declarations,
disclosures, schedules, estimates, claims for refunds and information returns)
required to be supplied to a Taxing Authority relating to Taxes.

“Taxing Authority” means any U.S. federal, state or local or
non-U.S. jurisdiction (including any subdivision and any revenue agency of a
jurisdiction) imposing Taxes and the agencies, if any, charged with the
collection of such Taxes for such jurisdiction.

“Technology”  means, collectively, all technology, designs, procedures,
discoveries, processes, techniques, ideas, know-how, research and development,
technical data, tools, materials, specifications, processes, inventions (whether
patentable or unpatentable and whether or not reduced to practice), apparatus,
creations, improvements, works of authorship in any media, confidential,
proprietary or non-public information, and other similar materials, and all
recordings, graphs, drawings, reports, analyses and other writings, and other
tangible embodiments of the foregoing in any form whether or not listed herein,
and all related technology.

“Transaction Documents” means this Agreement, each Bill of Sale, Assignment and
Assumption Agreement, the Channel Agreement, the Colocation Agreement and the
Transition Services Agreement, in each case including all exhibits and schedules
thereto and all amendments or supplements thereto made in accordance with the
respective terms thereof, and any other documents, agreements, bills of sale,
instruments, certificates or deliverables executed in connection therewith.

“Transactions” means the transactions contemplated by this Agreement and the
other Transaction Documents.

“Transfer Taxes” means any sales Tax, use Tax, direct or indirect real property
transfer or gains Tax, documentary stamp Tax, business and occupation Tax, value
added Tax or similar Taxes and all related fees.

A-35

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Action

Exhibit A

Affiliate

Exhibit A

Agreement

Exhibit A

Assigned Contracts

Section 2.01(a)(i)

Assumed Liabilities

Section 2.01(c)

Bankruptcy and Equity Exception

Exhibit A

Bill of Sale, Assignment and Assumption Agreement

Section 2.03(b)

Business Day

Exhibit A

Buyer

Preamble

Buyer Fundamental Representations

Exhibit A

Buyer Indemnified Parties

Section 8.02

Buyer Taxes

Section 7.03(b)

Channel Agreement

Section 2.04(a)

Code

Exhibit A

Colocation Agreement

Section 2.04(b)

Confidentiality Agreement

Exhibit A

Consent

Exhibit A

Contract

Exhibit A

Control

Exhibit A

Controlling Party

Section 8.04(b)

Disclosure Letter

Exhibit A

Effective Date

Preamble

Excluded Assets

Section 2.01(b)

Excluded Liabilities

Section 2.01(d)

Government Authority

Exhibit A

Indemnified Party

Section 8.04(a)

Indemnifying Party

Section 8.04(a)

Knowledge of QTS LP

Exhibit A

Law

Exhibit A

Liabilities

Exhibit A

Lien

Exhibit A

Losses

Exhibit A

Net AR/AP Amount

Exhibit A

Order

Exhibit A

Participation Arrangement

Section 2.02(a)

Parties

Preamble

Permits

Exhibit A

Permitted Liens

Exhibit A

Person

Exhibit A

Purchased Assets

Section 2.01(a)

Purchased Tangible Personal Property

Section 2.01(a)(ii)

QTS LP

Preamble

QTS Permitted Assignee

Exhibit A

QTS TRS

Preamble

Representative

Exhibit A

Restricted Period

Section 6.07(a)

A-36

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Seller Fundamental Representations

Exhibit A

Seller Indemnified Parties

Section 8.03(a)

Seller Intellectual Property

Exhibit A

Seller Names and Seller Marks

Exhibit A

Seller Parties

Preamble

Seller Taxes

Section 7.03(a)

Seller Technology

Exhibit A

Sellers’ Bankers

Section 4.03

Subsidiary

Exhibit A

Tax

Exhibit A

Tax Returns

Exhibit A

Taxes

Exhibit A

Taxing Authority

Exhibit A

Technology

Exhibit A

Third Party Claim

Section 8.04(a)

Third Party Consents

Section 6.03

Top Customers

Section 4.06

Transaction Dispute

Section 9.11

Transaction Documents

Exhibit A

Transactions

Exhibit A

Transfer

Section 2.03

Transfer Effective Time

Section 2.03

Transfer Taxes

Exhibit A

Transferred Software and Licenses

Section 2.01(a)(iii)

Transition Services Agreement

Section 2.04(c)

 

 

A-37

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EXHIBIT B

FORM

OF

BILL OF SALE, ASSIGNMENT AND ASSUMPTION AGREEMENT

[attached]

 

 

--------------------------------------------------------------------------------

 

 

BILL OF SALE, ASSIGNMENT AND ASSUMPTION AGREEMENT

This Bill of Sale, Assignment and Assumption Agreement (this “Agreement”), dated
as of the date indicated below, is made by and among the undersigned assignor(s)
(each or collectively, the “Assignor”), and the undersigned assignee (each or
collectively, the “Assignee”).

RECITALS:

A.           Quality Technology Services Holding, LLC, a Delaware limited
liability company (“QTS TRS”), and QualityTech, LP, a Delaware limited
partnership and the sole member of QTS TRS (“QTS LP” and together with QTS TRS,
the “Seller Parties”), on the one hand, and General Datatech, L.P., a Texas
limited partnership (“Buyer”), on the other hand, entered into that certain
Transaction Agreement, dated as of April 24, 2018 (the “Transaction Agreement”),
pursuant to which the Seller Parties agreed to sell to Buyer, and Buyer agreed
to purchase from the Seller Parties, certain Purchased Assets, and Buyer agreed
to assume certain Assumed Liabilities from the Seller Parties, as set forth in
the Transaction Agreement.  Any capitalized terms used in this Agreement but not
otherwise defined herein shall be defined as set forth in the Transaction
Agreement.

B.           The Assignor(s) and the Assignee desire to enter into this
Agreement to effect certain transactions referred to in and contemplated by the
Transaction Agreement.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties, intending to be legally bound,
agree as follows:

ARTICLE I

TRANSFER OF ASSETS; ASSUMPTION OF LIABILITIES

Section 1.01.        Transfer of Assets.  Effective as of the Transfer Effective
Time, the applicable Assignor hereby sells, conveys, assigns, transfers and
delivers to the Assignee, and the Assignee hereby purchases, acquires and
accepts from the applicable Assignor, all of such Assignor’s right, title and
interest in, to and under each Purchased Asset set forth on Schedule A hereto,
free and clear of all Liens other than Permitted Liens.

Section 1.02.        Assumption of Liabilities.  Effective as of the Transfer
Effective Time, and on the terms and subject to the conditions set forth in the
Transaction Agreement, the Assignee hereby assumes and agrees to timely pay,
discharge and perform in accordance with their terms, the Assumed Liabilities
related to the Purchased Assets and any other Assumed Liabilities set forth on
Schedule A hereto. Assignee shall not assume or have any liability or obligation
whatsoever for any Liability of the Assignor(s) other than the Assumed
Liabilities.

ARTICLE II

MISCELLANEOUS

Section 2.01.        Governing Law.  This Agreement will be exclusively governed
by and construed and enforced in accordance with the internal Laws of the State
of Delaware, excluding conflict of laws rules.

Section 2.02.        No Amendment or Modification to Transaction
Agreement.  Each of the Assignor and the Assignee hereby acknowledges and agrees
that no representations or warranties of any Party under the Transaction
Agreement shall be deemed to be enlarged, modified or altered in any way by this
Agreement, and that the sole recourse for the breach of any representations,
warranties, covenants and agreements relating to the Purchased Assets and
Assumed Liabilities shall be as set forth in the Transaction Agreement.  In the
event of any inconsistency or conflict between the terms of this Agreement and
the Transaction Agreement, the terms of the Transaction Agreement shall control.

* * * * *

IN WITNESS WHEREOF, the Parties have caused this Bill of Sale, Assignment and
Assumption Agreement to be duly executed and delivered as of
_______________________ (the “Transfer Effective Time”).

ASSIGNOR:

 

           

ASSIGNEE:

 

 

 

 

 

By:

 

 

By:

 

Name:

 

 

Name:

 

Title:

 

 

Title:

 

 

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SCHEDULE A

TO BILL OF SALE ASSIGNMENT AND ASSUMPTION AGREEMENT

 

Purchased Asset(s):

 

 

 

 

 

Assumed Liabilities:

 

 

 

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