EX-10.1



 Exhibit 10.1 
  

 
  

CUSIP Number:  74340YAR0 

AMENDED AND RESTATED GLOBAL SENIOR CREDIT AGREEMENT 

Dated as of April 14, 2016 

among 
 PROLOGIS, L.P., 

as a Borrower and a Guarantor, 

CERTAIN AFFILIATE BORROWERS, as Borrowers, 

PROLOGIS, INC., as a Guarantor, 

BANK OF AMERICA, N.A., 
 as
Global Administrative Agent, U.S. Funding Agent, 
 a U.S. Swing Line Lender and a U.S. L/C Issuer, 

THE ROYAL BANK OF SCOTLAND PLC, 

as Euro Funding Agent and Euro Swing Line Lender, 

SUMITOMO MITSUI BANKING CORPORATION, 

as Yen Funding Agent and a Yen L/C Issuer, 

and 
 The Other Lenders Party Hereto

 JPMORGAN CHASE BANK, N.A. 

and 
 SUMITOMO MITSUI BANKING
CORPORATION, 
 Global Co-Syndication Agents, 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 

and 
 JPMORGAN CHASE BANK, N.A.,

 Global Lead Arrangers and Global Bookrunners 

for the U.S. Tranche and the Euro Tranche 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

J.P. MORGAN SECURITIES LLC, 

and 
 SUMITOMO MITSUI BANKING
CORPORATION,  
 Global Lead Arrangers and Global Bookrunners for the Yen Tranche, 

WELLS FARGO SECURITIES, LLC 

and 
 CITIGROUP GLOBAL MARKETS,
INC., 
 Joint Lead Arrangers 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

THE BANK OF NOVA SCOTIA, CITIBANK, N.A., GOLDMAN SACHS BANK USA, 

MIZUHO BANK, LTD. 
 and 

MORGAN STANLEY SENIOR FUNDING, INC., 

Documentation Agents 
  

 
  

Global Senior Credit Agreement 







 TABLE OF CONTENTS 

 

							
	 	  	Page	 
	 ARTICLE I DEFINITIONS AND INTERPRETATION
	  	 	1	  
	 Section 1.1
	 	 Defined Terms.
	  	 	1	  
	 Section 1.2
	 	 Other Interpretive Provisions
	  	 	52	  
	 Section 1.3
	 	 Accounting Terms.
	  	 	53	  
	 Section 1.4
	 	 Exchange Rates; Currency Equivalents.
	  	 	53	  
	 Section 1.5
	 	 Change of Currency.
	  	 	54	  
	 Section 1.6
	 	 Times of Day
	  	 	54	  
	 Section 1.7
	 	 Determination of Letter of Credit Amounts and Whether a Letter of Credit is
Outstanding.
	  	 	54	  
		
	 ARTICLE II U.S. COMMITMENTS AND U.S. CREDIT EXTENSIONS
	  	 	55	  
	 Section 2.1
	 	 U.S. Committed Loans.
	  	 	55	  
	 Section 2.2
	 	 U.S. Fronting Loans.
	  	 	55	  
	 Section 2.3
	 	 U.S. Committed Borrowings, Conversions and Continuations of U.S. Committed
Loans.
	  	 	58	  
	 Section 2.4
	 	 U.S. Letters of Credit
	  	 	61	  
	 Section 2.5
	 	 U.S. Swing Line Loans.
	  	 	61	  
	 Section 2.6
	 	 U.S. Prepayments.
	  	 	64	  
	 Section 2.7
	 	 U.S. Bid Loans.
	  	 	66	  
		
	 ARTICLE III EURO COMMITMENTS AND EURO CREDIT EXTENSIONS
	  	 	69	  
	 Section 3.1
	 	 Euro Committed Loans
	  	 	69	  
	 Section 3.2
	 	 Euro Fronting Loans.
	  	 	69	  
	 Section 3.3
	 	 Euro Committed Borrowings, Conversions and Continuations of Euro Committed
Loans.
	  	 	72	  
	 Section 3.4
	 	 Euro Letters of Credit
	  	 	74	  
	 Section 3.5
	 	 Euro Swing Line Loans.
	  	 	74	  
	 Section 3.6
	 	 Euro Prepayments.
	  	 	78	  
	 Section 3.7
	 	 Euro Bid Loans.
	  	 	79	  
		
	 ARTICLE IV YEN COMMITMENTS AND YEN CREDIT EXTENSIONS
	  	 	82	  
	 Section 4.1
	 	 Yen Committed Loans
	  	 	82	  
	 Section 4.2
	 	 Yen Fronting Loans.
	  	 	82	  
	 Section 4.3
	 	 Yen Committed Borrowings, Conversions and Continuations of Yen Committed
Loans.
	  	 	86	  
	 Section 4.4
	 	 Yen Letters of Credit
	  	 	88	  
	 Section 4.5
	 	 Yen Prepayments.
	  	 	88	  
		
	 ARTICLE V GENERAL PROVISIONS APPLICABLE TO LETTERS OF CREDIT
	  	 	89	  
	 Section 5.1
	 	 Limitations on Obligations to Issue Letters of Credit.
	  	 	89	  
	 Section 5.2
	 	 Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of
Credit.
	  	 	91	  
	 Section 5.3
	 	 Drawings and Reimbursements; Funding of Participations.
	  	 	92	  


  
 -i- 









 TABLE OF CONTENTS 

(continued) 
  


							
	 	  	Page	 
	 Section 5.4
	 	 Repayment of Participations.
	  	 	95	  
	 Section 5.5
	 	 Borrower Obligations Absolute
	  	 	95	  
	 Section 5.6
	 	 Role of L/C Issuer
	  	 	96	  
	 Section 5.7
	 	 Cash Collateral.
	  	 	97	  
	 Section 5.8
	 	 Applicability of ISP
	  	 	97	  
	 Section 5.9
	 	 Letter of Credit Fees
	  	 	97	  
	 Section 5.10
	 	 Fronting Fee and Documentary and Processing Charges Payable to each L/C Issuer
	  	 	98	  
	 Section 5.11
	 	 Conflict with Issuer Documents
	  	 	98	  
	 Section 5.12
	 	 Letters of Credit Issued for Eligible Affiliate
	  	 	98	  
	 Section 5.13
	 	 U.S. Bond L/Cs
	  	 	99	  
	 Section 5.14
	 	 Reduction and Reinstatement of U.S. Bond L/Cs
	  	 	99	  
		
	 ARTICLE VI GENERAL PROVISIONS APPLICABLE TO LOANS
	  	 	101	  
	 Section 6.1
	 	 Minimum Amounts for Committed Borrowings, Conversions or Continuations and
Prepayments.
	  	 	101	  
	 Section 6.2
	 	 Termination or Reduction of Commitments and Removal of a Borrower.
	  	 	101	  
	 Section 6.3
	 	 Repayment of Loans.
	  	 	102	  
	 Section 6.4
	 	 Interest.
	  	 	103	  
	 Section 6.5
	 	 Fees.
	  	 	104	  
	 Section 6.6
	 	 Computation of Interest and Fees
	  	 	105	  
	 Section 6.7
	 	 Evidence of Debt and Promissory Note.
	  	 	105	  
	 Section 6.8
	 	 Payments Generally; Global Administrative Agent’s Clawback.
	  	 	106	  
	 Section 6.9
	 	 Sharing of Payments.
	  	 	110	  
	 Section 6.10
	 	 Extension of Maturity Date.
	  	 	111	  
	 Section 6.11
	 	 Additional Affiliate Borrowers.
	  	 	112	  
	 Section 6.12
	 	 Reallocation of Commitments.
	  	 	114	  
	 Section 6.13
	 	 Increase in Commitments.
	  	 	116	  
	 Section 6.14
	 	 Establishment of Supplemental Tranche.
	  	 	117	  
	 Section 6.15
	 	 Defaulting Lenders.
	  	 	118	  
		
	 ARTICLE VII TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	121	  
	 Section 7.1
	 	 Taxes.
	  	 	121	  
	 Section 7.2
	 	 Illegality
	  	 	124	  
	 Section 7.3
	 	 Inability to Determine Rates.
	  	 	125	  
	 Section 7.4
	 	 Increased Costs Generally.
	  	 	126	  
	 Section 7.5
	 	 Compensation for Losses
	  	 	127	  
	 Section 7.6
	 	 Mitigation Obligations; Replacement of Lenders.
	  	 	128	  
	 Section 7.7
	 	 Qualified Lender Status
	  	 	129	  
	 Section 7.8
	 	 Survival
	  	 	129	  


  
 -ii- 









 TABLE OF CONTENTS 

(continued) 
  


							
	 	  	Page	 
	 ARTICLE VIII CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	  	 	130	  
	 Section 8.1
	 	 Conditions of Initial Credit Extension
	  	 	130	  
	 Section 8.2
	 	 Conditions to all Credit Extensions
	  	 	131	  
		
	 ARTICLE IX REPRESENTATIONS AND WARRANTIES
	  	 	132	  
	 Section 9.1
	 	 Existence, Qualification and Power; Compliance with Laws
	  	 	132	  
	 Section 9.2
	 	 Authorization; No Contravention
	  	 	132	  
	 Section 9.3
	 	 Governmental Authorization; Other Consents
	  	 	132	  
	 Section 9.4
	 	 Binding Effect
	  	 	132	  
	 Section 9.5
	 	 Financial Statements.
	  	 	133	  
	 Section 9.6
	 	 Litigation
	  	 	133	  
	 Section 9.7
	 	 No Default
	  	 	133	  
	 Section 9.8
	 	 Ownership of Property
	  	 	133	  
	 Section 9.9
	 	 Environmental Compliance
	  	 	133	  
	 Section 9.10
	 	 Taxes
	  	 	134	  
	 Section 9.11
	 	 Pension Law Compliance.
	  	 	134	  
	 Section 9.12
	 	 Margin Regulations; Investment Company Act; EEA Financial Institution.
	  	 	135	  
	 Section 9.13
	 	 Disclosure
	  	 	135	  
	 Section 9.14
	 	 Compliance with Laws
	  	 	135	  
	 Section 9.15
	 	 Dutch Banking Act
	  	 	135	  
	 Section 9.16
	 	 Solvency
	  	 	135	  
	 Section 9.17
	 	 Plan Assets
	  	 	135	  
	 Section 9.18
	 	 REIT Status
	  	 	135	  
	 Section 9.19
	 	 Anti-Social Forces
	  	 	136	  
	 Section 9.20
	 	 Sanctions and Anti-Corruption Laws.
	  	 	136	  
	 Section 9.21
	 	 Act on Specified Commitment Line Contract.
	  	 	136	  
		
	 ARTICLE X AFFIRMATIVE COVENANTS
	  	 	137	  
	 Section 10.1
	 	 Financial Statements
	  	 	137	  
	 Section 10.2
	 	 Certificates; Other Information
	  	 	137	  
	 Section 10.3
	 	 Notices
	  	 	139	  
	 Section 10.4
	 	 Payment of Obligations
	  	 	139	  
	 Section 10.5
	 	 Preservation of Existence, Etc.
	  	 	140	  
	 Section 10.6
	 	 Maintenance of Properties
	  	 	140	  
	 Section 10.7
	 	 Maintenance of Insurance
	  	 	140	  
	 Section 10.8
	 	 Compliance with Laws
	  	 	140	  
	 Section 10.9
	 	 Books and Records
	  	 	140	  
	 Section 10.10
	 	 Inspection Rights
	  	 	140	  
	 Section 10.11
	 	 Use of Proceeds
	  	 	141	  
	 Section 10.12
	 	 REIT Status
	  	 	141	  
	 Section 10.13
	 	 Guaranties.
	  	 	141	  
	 Section 10.14
	 	 Claims Pari Passu
	  	 	141	  


  
 -iii- 









 TABLE OF CONTENTS 

(continued) 
  


							
	 	  	Page	 
	 ARTICLE XI NEGATIVE COVENANTS
	  	 	141	  
	 Section 11.1
	 	 Secured Indebtedness
	  	 	141	  
	 Section 11.2
	 	 Fundamental Changes
	  	 	141	  
	 Section 11.3
	 	 Restricted Payments
	  	 	142	  
	 Section 11.4
	 	 Change in Nature of Business
	  	 	142	  
	 Section 11.5
	 	 Transactions with Affiliates
	  	 	143	  
	 Section 11.6
	 	 Negative Pledge Agreements; Burdensome Agreements.
	  	 	143	  
	 Section 11.7
	 	 Use of Proceeds
	  	 	143	  
	 Section 11.8
	 	 Financial Covenants.
	  	 	144	  
	 Section 11.9
	 	 Anti-Social Forces
	  	 	144	  
		
	 ARTICLE XII EVENTS OF DEFAULT AND REMEDIES
	  	 	144	  
	 Section 12.1
	 	 Events of Default
	  	 	144	  
	 Section 12.2
	 	 Remedies Upon Event of Default
	  	 	147	  
		
	 ARTICLE XIII AGENTS
	  	 	148	  
	 Section 13.1
	 	 Appointment and Authority.
	  	 	148	  
	 Section 13.2
	 	 Rights as a Lender
	  	 	148	  
	 Section 13.3
	 	 Exculpatory Provisions
	  	 	148	  
	 Section 13.4
	 	 Reliance by Agents
	  	 	149	  
	 Section 13.5
	 	 Delegation of Duties
	  	 	150	  
	 Section 13.6
	 	 Resignation of Global Administrative Agent
	  	 	150	  
	 Section 13.7
	 	 Resignation of Funding Agents
	  	 	151	  
	 Section 13.8
	 	 Non-Reliance on Agents and Other Lenders
	  	 	152	  
	 Section 13.9
	 	 No Other Duties, Etc.
	  	 	152	  
	 Section 13.10
	 	 Global Administrative Agent May File Proofs of Claim
	  	 	152	  
		
	 ARTICLE XIV MISCELLANEOUS
	  	 	153	  
	 Section 14.1
	 	 Amendments, Etc.
	  	 	153	  
	 Section 14.2
	 	 Notices; Effectiveness; Electronic Communication.
	  	 	156	  
	 Section 14.3
	 	 No Waiver; Cumulative Remedies
	  	 	158	  
	 Section 14.4
	 	 Expenses; Indemnity; Damage Waiver.
	  	 	158	  
	 Section 14.5
	 	 Payments Set Aside
	  	 	161	  
	 Section 14.6
	 	 Successors and Assigns.
	  	 	161	  
	 Section 14.7
	 	 Treatment of Certain Information; Confidentiality
	  	 	165	  
	 Section 14.8
	 	 Right of Setoff
	  	 	166	  
	 Section 14.9
	 	 Interest Rate Limitation
	  	 	166	  
	 Section 14.10
	 	 Counterparts; Integration; Effectiveness
	  	 	166	  
	 Section 14.11
	 	 Severability
	  	 	166	  
	 Section 14.12
	 	 Replacement of Lenders; Sanctioned Lenders
	  	 	167	  
	 Section 14.13
	 	 Additional Fronting Lenders; Change in Fronting Commitments
	  	 	168	  
	 Section 14.14
	 	 GOVERNING LAW; JURISDICTION; ETC.
	  	 	168	  


  
 -iv- 









 TABLE OF CONTENTS 

(continued) 
  


							
	 	  	Page	 
	 Section 14.15
	 	 Waiver of Jury Trial
	  	 	169	  
	 Section 14.16
	 	 USA Patriot Act Notice
	  	 	170	  
	 Section 14.17
	 	 Know Your Customers.
	  	 	170	  
	 Section 14.18
	 	 Acknowledgement and Consent to Bail-In of EEA Financial Institutions.
	  	 	171	  
	 Section 14.19
	 	 Time of the Essence
	  	 	171	  
	 Section 14.20
	 	 Judgment Currency
	  	 	171	  
	 Section 14.21
	 	 ENTIRE AGREEMENT
	  	 	172	  
	 Section 14.22
	 	 Amendment and Restatement of Existing Credit Agreement
	  	 	172	  
	 Section 14.23
	 	 No Fiduciary Duty
	  	 	172	  
	 Section 14.24
	 	 Yen Facility Modification
	  	 	173	  
	 Section 14.25
	 	 Sanctions Representation by Credit Parties
	  	 	173	  
	 Section 14.26
	 	 Electronic Execution of Assignments and Certain Other Documents.
	  	 	173	  
		
	 ARTICLE XV GUARANTIES
	  	 	174	  
	 Section 15.1
	 	 The Guaranties
	  	 	174	  
	 Section 15.2
	 	 Insolvency
	  	 	174	  
	 Section 15.3
	 	 Absolute and Unconditional Guaranty
	  	 	174	  
	 Section 15.4
	 	 Independent Obligation
	  	 	175	  
	 Section 15.5
	 	 Authorization
	  	 	175	  
	 Section 15.6
	 	 Reliance
	  	 	176	  
	 Section 15.7
	 	 Subordination
	  	 	176	  
	 Section 15.8
	 	 Waivers.
	  	 	177	  
	 Section 15.9
	 	 Nature of Liability
	  	 	177	  


  
 -v- 









					
	SCHEDULES
		
	 2.1
	 	 Commitments, Applicable Global Percentages and Applicable Tranche
Percentages

		 	 (a)
	  	 U.S. Lenders

		 	 (b)
	  	 Euro Lenders

		 	 (c)
	  	 Yen Lenders

	 2.2
	 	 Fronting Lender Commitments

	 2.3
	 	 Initial Borrowers

		 	 (a)
	  	 Initial U.S. Borrowers

		 	 (b)
	  	 Initial Euro Borrowers

		 	 (c)
	  	 Initial Yen Borrowers

	 2.4
	 	 Existing Letters of Credit

		 	 (a)
	  	 U.S. Existing Letters of Credit

		 	 (b)
	  	 Euro Existing Letters of Credit

		 	 (c)
	  	 Yen Existing Letters of Credit

	 6.12
	 	 Pre-Approved Reallocations

	 8.1
	 	 Opinions

	 9.6
	 	 Litigation

	 9.9
	 	 Environmental Matters

	 14.2
	 	 Global Administrative Agent’s Office; Certain Addresses for
Notices



  
 -vi- 









			
	EXHIBITS
	
	 Form of

	 A-1
	 	 U.S. Committed Loan Notice

	 A-2
	 	 Euro Committed Loan Notice

	 A-3
	 	 Yen Committed Loan Notice

	 B-1
	 	 U.S. Swing Line Loan Notice

	 B-2
	 	 Euro Swing Line Notice

	 C
	 	 Compliance Certificate

	 D
	 	 Assignment and Assumption

	 E
	 	 Supplemental Addendum

	 F
	 	 Borrower’s Accession Agreement

	 G
	 	 Joinder Agreement

	 H
	 	 Increase Certificate

	 J-1
	 	 Form of Euro Bid Request

	 J-2
	 	 Form of U.S. Bid Request

	 K-1
	 	 Form of Euro Competitive Bid

	 K-2
	 	 Form of U.S. Competitive Bid



  
 -vii- 








 AMENDED AND RESTATED GLOBAL SENIOR CREDIT AGREEMENT 

This AMENDED AND RESTATED GLOBAL SENIOR CREDIT AGREEMENT is entered into as of April 14, 2016, among PROLOGIS, L.P., a Delaware
limited partnership (“Prologis”), Initial Affiliate Borrowers, each Eligible Affiliate that becomes a borrower hereunder pursuant to Section 6.11 (individually, an “Additional Affiliate Borrower” and
collectively, “Additional Affiliate Borrowers”), PROLOGIS, INC., as a guarantor, Lenders (defined below), BANK OF AMERICA, N.A., as Global Administrative Agent, U.S. Funding Agent, a U.S. Swing Line Lender and a U.S.
L/C Issuer, THE ROYAL BANK OF SCOTLAND PLC, as Euro Funding Agent and Euro Swing Line Lender and SUMITOMO MITSUI BANKING CORPORATION, as Yen Funding Agent and a Yen L/C Issuer. 

In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 

ARTICLE I 
 DEFINITIONS
AND INTERPRETATION 
 Section 1.1 Defined Terms. 

As used in this Agreement, the following terms shall have the meanings set forth below: 

“ABR Rate” means the greater of (a) the Japanese Prime Rate and (b) the Daily Floating Yen Eurocurrency Rate. If at
any time any rate described above is not available, then the applicable ABR Rate shall be determined by reference to the rate or rates, as applicable, that are available. 

“ABR Rate Loan” means a Yen Committed Loan denominated in Yen bearing interest at the ABR Rate. 

“Absolute Rate” means a fixed rate of interest expressed in multiples of 1/100th of one basis point. 

“Absolute Rate Loans” means, collectively, U.S. Absolute Rate Loans and Euro Absolute Rate Loans; and “Absolute Rate
Loan” means any one of the foregoing. 
 “Additional Affiliate Borrower” has the meaning specified in the
introductory paragraph hereto. 
 “Additional Tranche” has the meaning specified in Section 6.11.2. 

“Adjusted EBITDA” means, for the Companies on a consolidated basis, net earnings before Preferred Dividends, plus amounts
that have been deducted, and minus amounts that have been added, for the following (without duplication): 
 (a)
Non-recurring losses (gains) from Dispositions of assets (excluding Dispositions to any Property Fund and Dispositions to third parties in connection with the Companies’ development business); 

  
 1 








 (b) Losses (gains) resulting from foreign currency exchange effects of settlement
of Indebtedness and mark-to-market adjustments associated with (i) intercompany Indebtedness between Prologis and any of its Consolidated Subsidiaries and Unconsolidated Affiliates, (ii) third party Indebtedness of Prologis and its
Consolidated Subsidiaries and (iii) Swap Contracts (other than those entered into for purely speculative purposes); 

(c) Arrangement fees, amendment fees and costs incurred in connection with the negotiation, documentation and/or closing of
this Agreement and any amendment, supplement or other modification hereto; 
 (d) Losses and charges from extraordinary,
non-recurring and other unusual items (including fees and costs incurred in connection with the negotiation, documentation and/or closing of each capital market offering, debt financing or amendments thereto, redemption or exchange of Indebtedness,
business combination, acquisition, merger, disposition, recapitalization and consent solicitation); 
 (e) Losses (gains)
from early extinguishment of Indebtedness; and 
 (f) Losses (earnings) attributable to Unconsolidated Affiliates; 

plus Allowed Unconsolidated Affiliate Earnings, plus all amounts deducted in calculating net earnings for Interest Expense (including cash and
non-cash amounts), minority interests, provisions for taxes based on income (including deferred income taxes), provisions for unrealized gains and losses, depreciation and amortization and the effect of any other non-cash item. Notwithstanding the
above, non-cash losses (gains) and any non-cash impairment of Investments, intangible assets, including goodwill, or other assets shall be added back to (in the case of write-downs, impairment charges and losses) or deducted from (in the case of
gains) Adjusted EBITDA to the extent deducted (added) in the calculation of net earnings or Adjusted EBITDA (but without duplication). 

“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by Global Administrative Agent or the
applicable Funding Agent. 
 “Affiliate” means, with respect to any Person, another Person that directly, or indirectly
through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Affiliate
Borrowers” means, collectively, each Initial Affiliate Borrower and each Additional Affiliate Borrower; and “Affiliate Borrower” means any of the Affiliate Borrowers. 

“Agent Indemnitee” has the meaning specified in Section 14.4.4. 

“Agents” means, collectively, Global Administrative Agent and the Funding Agents; and “Agent” means any of
the Agents. 
 “Aggregate Tranche Commitments” means, collectively, the U.S. Aggregate Commitments, the Euro Aggregate
Commitments, the Yen Aggregate Commitments and each Supplemental Aggregate Commitment; and “Aggregate Tranche Commitment” means any of the Aggregate Tranche Commitments. 

  
 2 








 “Agreement” means this Amended and Restated Global Senior Credit Agreement. 

“Allocating Lender” has the meaning specified in Section 6.12.1. 

“Allowed Unconsolidated Affiliate Earnings” means distributions (including “promote” or “carried
interest” distributions but excluding extraordinary or non-recurring distributions) received in cash from Unconsolidated Affiliates. 

“Alternative Currencies” means (a) for the U.S. Tranche, each of Euro, Sterling, Yen and Canadian Dollars, (b) for
the Euro Tranche, each of Dollars, Sterling and Yen, (c) for the Yen Tranche, each of Dollars, Euro and Sterling, and (d) for each Supplemental Tranche, each alternative currency set forth in the Supplemental Addendum. 

“Anti-Corruption Law” means, with respect to any Company, any law, rule or regulation of any jurisdiction applicable to such
Company concerning or relating to bribery or corruption including the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions. 

“Applicable Global Percentage” means with respect to any Lender at any time, the percentage (carried out to the ninth decimal
place) of the Dollar Equivalent of the total Aggregate Tranche Commitments represented by the Dollar Equivalent of such Lender’s Commitments at such time. If the commitment of each Lender to make Loans and the obligation of each L/C Issuer to
make L/C Credit Extensions have been terminated pursuant to Section 12.2 or if the Aggregate Tranche Commitments have expired, then the Applicable Global Percentage of such Lender shall be the percentage (carried out to the ninth decimal
place) of the Dollar Equivalent of the Total Global Outstandings held by such Lender (with the aggregate amount of such Lender’s risk participation and funded participation in L/C Obligations, Fronting Loans and Swing Line Loans being deemed
“held” by such Lender for purposes of this definition). 
 “Applicable Margin” means, at any time, with respect
to the applicable Borrowings, the applicable percentage per annum set forth in the table below opposite the applicable ratings of Prologis, determined in accordance with the following: If Prologis has at least two of such ratings, then the
Applicable Margin will be based upon the highest such rating unless the difference between the highest rating and the lowest rating is two or more rating levels, in which case the Applicable Margin will be based upon the rating level that is one
level below the highest rating. If Prologis has only one such rating and it is a Moody’s Rating or an S&P Rating, then such rating level shall apply. If Prologis has only a Fitch Rating or none of such ratings, then the highest Applicable
Margin will apply. 

  
 3 









																	
	 Moody’s

Rating
	  	 S&P

Rating
	  	 Fitch

Rating
	  	Base Rate
Loans/ ABR
Rate Loans	 	 	Eurocurrency
Rate Committed
Loans/CDOR
Rate Loans/
Substitute Rate
Loans/ Letter 
of
Credit Fees/
Money Market
Rate Loans	 	 	Facility
Fee	 
	Less than Baa3 or not rated	  	Less than BBB- or not rated	  	Less than BBB- or not rated	  	 	0.55	% 	 	 	1.55	% 	 	 	0.30	% 
	 Baa3
	  	 BBB-
	  	 BBB-
	  	 	0.200	  	 	 	1.20	% 	 	 	0.25	% 
	 Baa2
	  	 BBB
	  	 BBB
	  	 	0.00	% 	 	 	1.00	% 	 	 	0.20	% 
	 Baa1
	  	 BBB+
	  	 BBB+
	  	 	0.00	% 	 	 	0.90	% 	 	 	0.15	% 
	 A3
	  	 A-
	  	 A-
	  	 	0.00	% 	 	 	0.85	% 	 	 	0.125	% 
	 A2 or better
	  	 A or better
	  	 A or better
	  	 	0.00	% 	 	 	0.80	% 	 	 	0.10	% 

 Each change in the Applicable Margin resulting from a publicly announced change in the Moody’s Rating, S&P Rating, or
Fitch Rating, as applicable, shall be effective during the period commencing on the fifth Business Day following the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change.

 “Applicable Time” means, with respect to any borrowings and payments in any currency, the local time in the place of
settlement for such currency as may be determined by Global Administrative Agent, the applicable Funding Agent or the applicable L/C Issuer, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal
banking procedures in the place of payment. 
 “Applicable Tranche Lender” means, with respect to any Tranche, a Lender
under such Tranche. 
 “Applicable Tranche Percentage” means: 

(a) with respect to any U.S. Lender at any time, the percentage (carried out to the ninth decimal place) of the U.S. Aggregate
Commitments represented by such U.S. Lender’s U.S. Commitment at such time. If the commitment of each U.S. Lender to make U.S. Loans and the obligation of each U.S. L/C Issuer to make U.S. L/C Credit Extensions have been terminated pursuant to
Section 6.2.1 or 12.2 or if the U.S. Aggregate Commitments have expired, then the Applicable Tranche Percentage of such U.S. Lender shall be the percentage (carried out to the ninth decimal place) of the U.S. Total
Outstandings represented by such U.S. Lender’s U.S. Credit Exposure. The Applicable Tranche Percentage of each U.S. Lender as of the Closing Date is set forth opposite the name of such U.S. Lender on Schedule 2.1. 

  
 4 








 (b) with respect to any Euro Lender at any time, the percentage (carried out to
the ninth decimal place) of the Euro Aggregate Commitments represented by such Euro Lender’s Euro Commitment at such time. If the commitment of each Euro Lender to make Euro Loans and the obligation of each Euro L/C Issuer to make Euro L/C
Credit Extensions have been terminated pursuant to Section 6.2.1 or 12.2 or if the Euro Aggregate Commitments have expired, then the Applicable Tranche Percentage of such Euro Lender shall be the percentage (carried out to
the ninth decimal place) of the Euro Total Outstandings represented by such Euro Lender’s Euro Credit Exposure. The Applicable Tranche Percentage of each Euro Lender as of the Closing Date is set forth opposite the name of such Euro Lender on
Schedule 2.1. 
 (c) with respect to any Yen Lender at any time, the percentage (carried out to the ninth decimal
place) of the Yen Aggregate Commitments represented by such Yen Lender’s Yen Commitment at such time. If the commitment of each Yen Lender to make Yen Committed Loans and the obligation of each Yen L/C Issuer to make Yen L/C Credit Extensions
have been terminated pursuant to Section 6.2.1 or 12.2 or if the Yen Aggregate Commitments have expired, then the Applicable Tranche Percentage of such Yen Lender shall be the percentage (carried out to the ninth decimal
place) of the Yen Total Outstandings represented by such Yen Lender’s Yen Credit Exposure. The Applicable Tranche Percentage of each Yen Lender as of the Closing Date is set forth opposite the name of such Yen Lender on
Schedule 2.1. 
 (d) with respect to each Supplemental Tranche, the percentage set forth in the applicable
Supplemental Addendum, as adjusted from time to time in accordance with this Agreement. 
 “Arrangers” means, collectively,
Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Sumitomo Mitsui Banking Corporation, each in its capacity as a global lead arranger and a global bookrunner under the Loan Documents. 

“Assignee Group” means two or more Qualified Institutions that are Affiliates of one another. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and a Qualified Institution (with the
consent of any party whose consent is required by Section 14.6.2), and accepted by Global Administrative Agent and the applicable Funding Agent, in substantially the form of Exhibit D or any other form (including electronic
documentation generated by use of an electronic platform) approved by Global Administrative Agent and the applicable Funding Agent. 

“Audited Financial Statements” means the audited consolidated balance sheet of General Partner for the Fiscal Year ended
December 31, 2015 and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such Fiscal Year, including the notes thereto. 

  
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 “Auto-Extension Letter of Credit” has the meaning set forth in
Section 5.2.3. 
 “Availability Period” means the period from the Closing Date to the earliest of (a) for
purposes of all Tranches, the Maturity Date, (b) for purposes of all Tranches, the date of termination of all the Aggregate Tranche Commitments pursuant to Section 6.2.1, (c) for purposes of any Tranche, the date of termination
of the Aggregate Tranche Commitments for such Tranche pursuant to Section 6.2.1, and (d) for purposes of all Tranches, the date of termination of the commitment of each Lender to make Loans and of the obligation of each L/C Issuer
to make L/C Credit Extensions pursuant to Section 12.2. 
 “Available Tranches” means, collectively, the U.S.
Tranche, the Euro Tranche, the Yen Tranche and each Supplemental Tranche; and “Available Tranche” means any of the Available Tranches. 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in
respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation” means, with respect to any EEA Member
Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time that is described in the EU Bail-In Legislation Schedule.

 “Bank of America” means Bank of America, N.A. and its successors. 

“Bank of America L/C Outstandings” means, as of any date of determination, the aggregate amount available to be drawn under
all outstanding U.S. Letters of Credit (including any reinstatement of or increase in the face amount thereof that may be reflected pursuant to the terms of any U.S. Bond L/C) issued by Bank of America plus the aggregate of all U.S.
Unreimbursed Amounts owed to Bank of America as a U.S. L/C Issuer. 
 “Bank of America U.S. L/C Sublimit” means $27,500,000
or such other amount as may be agreed in writing between Bank of America and Prologis from time to time and acknowledged by Global Administrative Agent and U.S. Funding Agent. 

“Bank of America U.S. Swing Line Commitment” means $60,000,000 or such other amount as may be agreed in writing between Bank
of America and Prologis from time to time and acknowledged by Global Administrative Agent and U.S. Funding Agent. 
 “Base
Rate” means, with respect to Committed Loans denominated in Dollars for any day, a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such
day as publicly announced from time to time by U.S. Funding Agent as its “prime rate” and (c) the Daily Floating Eurocurrency Rate. If at any time any rate described above is not available, then the Base Rate shall be determined by
reference to the rate or rates, as applicable, that are available. The “prime rate” is a rate set by U.S. Funding Agent based upon various factors including U.S. Funding Agent’s costs and desired return, general economic conditions
and other factors, and is used as a reference point for pricing some loans, which may be priced at, above or below such announced rate. Any change in such rate announced by U.S. Funding Agent shall take effect at the opening of business on the day
specified in the public announcement of such change. 

  
 6 








 “Base Rate Committed Loan” means any Committed Loan that is a Base Rate Loan.

 “Base Rate Loan” means a Loan that bears interest based on the Base Rate. All Base Rate Loans shall be denominated in
Dollars. 
 “Bid Borrowings” means, collectively, U.S. Bid Borrowings and Euro Bid Borrowings; and “Bid
Borrowing” means any one of the foregoing. 
 “Bid Loan Lenders” means, collectively, U.S. Bid Loan Lenders and
Euro Bid Loan Lenders; and “Bid Loan Lender” means any one of the foregoing. 
 “Bid Loan Reallocation
Notice” has the meaning specified in Section 6.12.3. 
 “Bid Loans” means, collectively, U.S. Bid
Loans and Euro Bid Loans; and “Bid Loan” means any one of the foregoing. 
 “Bid Requests” means,
collectively, U.S. Bid Requests and Euro Bid Requests; and “Bid Request” means any one of the foregoing. 
 “Bond
Documents” means (a) when used in connection with any U.S. Bond L/C, the Bonds or other evidences of indebtedness with respect to which such U.S. Bond L/C has been issued as credit support, together with any remarketing agreement,
trust indenture, purchase agreement, purchased bond custody agreement, funding agreement, pledge agreement, loan agreement and other documents executed pursuant to or in connection with such bonds or other evidences of indebtedness, and (b) in
all other cases, collectively, all Bond Documents as defined in the preceding clause (a) relating to U.S. Bond L/Cs then outstanding. 

“Bond Purchase Drawing” has the meaning specified in Section 5.14. 

“Bond Rights” has the meaning specified in Section 5.14.2. 

“Bonds” means revenue bonds issued by any Person for the purpose of financing, directly or indirectly, the development,
operation, construction or maintenance of infrastructure and housing projects involving any Company, or which projects are related to any Company’s business activities in the region in which the projects are being developed, and for which any
Company has obtained credit support in the form of a U.S. Bond L/C for such revenue bonds. 
 “Borrowers” means,
collectively, Prologis and Affiliate Borrowers; and “Borrower” means any one of the Borrowers. 
 “Borrower
Accession Agreement” means a Borrower Accession Agreement substantially in the form of Exhibit F. 
 “Borrower
Materials” has the meaning specified in Section 10.2. 

  
 7 








 “Borrowing” means a Committed Borrowing, a Bid Borrowing or a Swing Line
Borrowing, as the context may require. 
 “Business Day” means: 

(a) any day other than (i) a Saturday or Sunday, (ii) with respect to any Tranche, a day on which commercial banks
are authorized to close under the Laws of, or are in fact closed in, the jurisdiction where the Funding Agent’s Office for such Tranche is located or (iii) with respect to the Yen Tranche, a day on which commercial banks are authorized to
close under the Laws of, or are in fact closed in, New York City, New York; and 
 (b) (i) if such day relates to any
interest rate settings as to a Eurocurrency Rate Loan denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in respect of any such Eurocurrency Rate Loan, or any other dealings in Dollars to be carried out pursuant
to this Agreement in respect of any such Eurocurrency Rate Loan, any such day on which dealings in deposits in Dollars are conducted by and between banks in the London interbank eurodollar market; 

(ii) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan denominated in Euro, any fundings,
disbursements, settlements and payments in Euro in respect of any such Eurocurrency Rate Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, a TARGET Day; 

(iii) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan denominated in a currency other than
Dollars or Euro, any such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London, Tokyo or other applicable offshore interbank market for such currency; 

(iv) if such day relates to any fundings, disbursements, settlements and payments in a currency other than Dollars or Euro in
respect of a Eurocurrency Rate Loan denominated in a currency other than Dollars or Euro, or any other dealings in any currency other than Dollars or Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan
(other than any interest rate settings), any such day on which banks are open for foreign exchange business in the principal financial center of the country of such currency; and 

(v) if such day relates to a CDOR Rate Loan, any such day on which dealings in Canadian Dollar banker’s acceptances are
conducted by and between major banks in Toronto. 
 “Canadian Dollars” and the symbol “Cdn$” mean the
lawful currency of Canada. 
 “Capital Expenditures” means, for any period, an amount equal to $0.10 per square foot on the
aggregate of the portfolio square footage of General Partner and its Consolidated Subsidiaries most recently reported on a Form 10-Q or 10-K filed with the SEC by or on behalf of General Partner. 

  
 8 








 “Capital Lease” means any capital lease or sublease that has been (or under GAAP
should be) capitalized on the balance sheet of the lessee. 
 “Capitalization Rate” means the percentage rates set forth
below: 
 (a) 5.50% with respect to all Properties located in Japan; 

(b) 6.25% with respect to all Properties located in Europe; and 

(c) 6.00% with respect to all Properties not located in Japan or Europe. 

“Cash Collateralize” means, with respect to each Tranche that has a Letter of Credit subfacility, to pledge and deposit with
or deliver to the applicable Funding Agent, for the benefit of the L/C Issuers of such Tranche and Lenders of such Tranche, as collateral for the L/C Obligations of such Tranche, cash or deposit account balances in the applicable currency of the
applicable Letter of Credit pursuant to documentation in form and substance satisfactory to the applicable Funding Agent (which documents are hereby consented to by such Lenders). Derivatives of such term have corresponding meanings. 

“Cash Equivalents” means (a) direct obligations of the United States of America or any agency thereof, or obligations
fully guaranteed by the United States of America or any agency thereof; provided that such obligations mature within one year of the date of acquisition thereof, (b) commercial paper rated “A-1” (or higher) according to S&P
or “P-1” (or higher) according to Moody’s and, in each case, maturing not more than 180 days from the date of acquisition thereof, (c) time deposits with, and certificates of deposit and bankers’ acceptances issued by, any
Lender or any other United States bank having capital surplus and undivided profits aggregating at least $1,000,000,000, and (d) mutual funds whose investments are substantially limited to the foregoing. 

“CDOR Rate” means, for any Interest Period with respect to a CDOR Rate Loan, the rate per annum equal to the average of the
annual yield rates applicable to Canadian Dollar banker’s acceptances at or about 10:00 a.m. (Toronto time) two Business Days prior to the commencement of such Interest Period as reported on the “CDOR page” (or any display substituted
therefor) of Reuters Monitor Money Rates Service (or such other page or commercially available source displaying Canadian interbank bid rates for Canadian Dollar bankers’ acceptances as may be designated by U.S. Funding Agent and reasonably
acceptable to Prologis from time to time) for a term equivalent to such Interest Period (or if such Interest Period is not equal to a number of months, for a term equivalent to the number of months closest to such Interest Period); provided that if
such rate is not available at such time for any reason, then the “CDOR Rate” for such Interest Period shall be the per annum cost of funds quoted by the U.S. Funding Agent to raise Canadian Dollars for such Interest Period as of 10:00
a.m., Toronto time, on the first day of such Interest Period for commercial loans or other extensions of credit to businesses of comparable credit risk. If the CDOR Rate for any Interest Period shall be less than zero (0), such rate shall be deemed
to be zero (0) for such Interest Period for all purposes of this Agreement. 
 “CDOR Rate Loan” means a Committed Loan
denominated in Canadian Dollars that bears interest based on the CDOR Rate. 

  
 9 








 “Change in Law” means the occurrence, after the date of this Agreement, of any
of the following: (a) the adoption or taking effect of any Law, (b) any change in any Law or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any request,
guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that, notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all
requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or
any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, in each case shall be deemed to be a “Change in Law,” regardless of the date enacted, adopted, promulgated or
issued. 
 “Change of Control” means an event or series of events by which: 

(a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire
(such right, an “option right”), whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of 25% or more of the equity securities of General Partner entitled to vote for members of
the board of directors or equivalent governing body of General Partner on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); 

(b) during any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent
governing body of General Partner cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing
body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that
board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing
body; or 
 (c) General Partner shall cease to (i) be the sole general partner of Prologis, or (ii) own, directly
or indirectly, more than 50% of the Equity Interests of Prologis. 
 “Closing Date” means the first date all the conditions
precedent in Section 8.1 are satisfied or waived in accordance with Section 14.1. 
 “Code” means
the Internal Revenue Code of 1986. 
 “Commitment” means a Lender’s commitment under any Tranche. 

  
 10 








 “Committed Borrowings” means, collectively, U.S. Committed Borrowings, Euro
Committed Borrowings, Yen Committed Borrowings and each Supplemental Committed Borrowing; and “Committed Borrowing” means any one of the foregoing. 

“Committed Loan Notices” means, collectively, the U.S. Committed Loan Notice, the Euro Committed Loan Notice, the Yen
Committed Loan Notice and each Supplemental Committed Loan Notice; and “Committed Loan Notice” means any one of the Committed Loan Notices. 

“Committed Loans” means, collectively, the U.S. Committed Loans, the Euro Committed Loans, the Yen Committed Loans and each
Supplemental Committed Loan; and “Committed Loan” means any one of the Committed Loans. 
 “Companies”
means General Partner and its Consolidated Subsidiaries; provided that for purposes of Sections 9.2, 9.6, 9.7, 9.14, 9.17, 9.20 and 12.1, “Companies” shall also include
each Borrower that is not a Consolidated Subsidiary; and “Company” means any one of the Companies. 
 “Compliance
Certificate” means a certificate substantially in the form of Exhibit C. 
 “Consolidated Leverage Ratio”
means, as of any date, the ratio of (a) all Indebtedness of the Companies, on a consolidated basis, to (b) Total Asset Value; provided that for purposes of calculating the Consolidated Leverage Ratio, (i) total Indebtedness of
the Companies shall be adjusted by deducting therefrom an amount equal to the lesser of (A) total Indebtedness that by its terms is scheduled to mature on or before the date that is 24 months from the date of calculation and
(B) Unrestricted Cash of the Companies and (ii) Total Asset Value shall be adjusted by deducting therefrom the amount by which total Indebtedness is adjusted under clause (i). 

“Consolidated Subsidiary” means, with respect to any Person (a “Parent”), any other Person in which such
Parent directly or indirectly holds an Equity Interest and that would be consolidated in the preparation of consolidated financial statements of such Parent in accordance with GAAP. Any reference herein or in any other Loan Document to a
“Consolidated Subsidiary” shall, unless otherwise specified, be a reference to a Consolidated Subsidiary of General Partner. 

“Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement,
instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Credit Extension” means the making of a Borrowing (but not a continuation or conversion thereof) or an L/C Credit Extension.


  
 11 








 “Credit Parties” means, collectively, each Agent, each Lender, each L/C Issuer,
each Swing Line Lender and each Fronting Lender. 
 “Customary Recourse Exceptions” means, with respect to any Non-Recourse
Debt, exclusions from the exculpation provisions with respect to such Non-Recourse Debt for fraud, misapplication of cash, environmental claims, breach of representations or warranties, failure to pay taxes and insurance, and other circumstances
customarily excluded by institutional lenders from exculpation provisions and/or included in separate indemnification agreements in non-recourse financings of real estate. 

“Daily Floating Eurocurrency Rate” means, as of any date of determination, the per annum rate of interest equal to LIBOR (as
defined in clause (a) of the definition of “Eurocurrency Rate”), or a comparable or successor rate that is approved by the applicable Funding Agent, as published on the applicable Bloomberg screen page (or another
commercially available source providing quotations of LIBOR as reasonably designated by the applicable Funding Agent and acceptable to Prologis from time to time) at approximately 11:00 a.m. London time on the date of determination (or, if such day
is not a Business Day, on the immediately preceding Business Day) for Dollar deposits being delivered in the London interbank market for a term of one month commencing on that day. If the Daily Floating Eurrocurrency Rate as of any date of
determination shall be less than zero (0), such rate shall be deemed to be zero (0) as of such date of determination for all purposes of this Agreement. 

“Daily Floating Yen Eurocurrency Rate” means, as of any date of determination, the Eurocurrency Rate applicable to
Eurocurrency Rate Loans denominated in Yen under the Yen Tranche with a term of one month commencing on the date of determination (or, if such day is not a Business Day, on the immediately preceding Business Day). If the Daily Floating Yen
Eurrocurrency Rate as of any date of determination shall be less than zero (0), such rate shall be deemed to be zero (0) as of such date of determination for all purposes of this Agreement. 

“Debt Service” means, for any Person for any period, the sum of the cash portion of Interest Expense (excluding, to
the extent included therein, amortized fees previously paid in cash) plus any regularly scheduled principal payments on Indebtedness; provided that Debt Service shall not include Excluded Debt Service. 

“Debtor Relief Laws” means Title 11 of the United States Code and all other applicable state or federal liquidation,
conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting
rights of creditors generally. 
 “Default” means any event or condition that constitutes an Event of Default or that, with
the giving of any notice, the passage of time or both, would be an Event of Default. 
 “Default Rate” means (a) when
used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate, the ABR Rate or the CDOR Rate, as applicable, plus (ii) the Applicable Margin, if any, applicable to Base Rate Loans,
ABR Rate and CDOR Rate Loans, plus (iii) 2% per annum; provided that with respect to a Eurocurrency Rate 

  
 12 








 
Loan, a CDOR Rate Loan, a Substitute Rate Loan, a Money Market Rate Loan and a Supplemental Rate Loan, if any, the Default Rate shall be an interest rate equal to the interest rate (including any
Applicable Margin) otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Margin plus 2% per annum. 

“Defaulting Lender” means any Lender that: (a) has failed to fund any Loan (including any portion of any applicable
Fronting Loan), any participation in L/C Obligations or any participation in a Swing Line Loan within two Business Days of the date required to be funded by it hereunder, unless such failure has been cured; (b) has notified any Borrower, Global
Administrative Agent, any Funding Agent, any L/C Issuer or any other Lender in writing that it does not intend to comply with any of its funding obligations hereunder (unless such notice has been withdrawn and the effect of such notice has been
cured) or has made a public statement to that effect (unless such statement has been retracted); (c) has failed, within three Business Days after written request by Global Administrative Agent or Prologis, to confirm in writing to Global
Administrative Agent and Prologis that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans (including any portion of an applicable Fronting Loan), participations in L/C Obligations or participations
in Swing Line Loans, unless such failure has been cured; (d) has otherwise failed to pay to Global Administrative Agent, any Funding Agent, any L/C Issuer or any other Lender any other amount (other than a de minimis amount) required to be paid
by it hereunder within three Business Days of the date when due, unless the subject of a good faith dispute or such failure has been cured; or (e) has, or has a direct or indirect parent company that has, (i) become the subject of a
bankruptcy or insolvency proceeding, (ii) had a receiver, conservator, trustee or custodian appointed for it, (iii) taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or
appointment, or (iv) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in such Lender or any direct or indirect parent
company thereof by a Governmental Authority, so long as the ownership or acquisition of such Equity Interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contract or agreement made with such Lender. 

“Designated Borrower” means (a) with respect to the General Partner Guaranty, all Borrowers, and (b) with respect
to the Prologis Guaranty, all Borrowers other than Prologis. 
 “Disposition” or “Dispose” means the sale,
transfer, license, lease, contribution or other disposition (including any sale and leaseback transaction, but excluding charitable contributions) of any property by any Person, including any sale, assignment, transfer or other disposal, with or
without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 
 “Disqualified
Stock” means any Equity Interests of a Person that by its terms (or by the terms of any Equity Interests into which it is convertible or for which it is exchangeable or exercisable) (a) matures or is subject to mandatory redemption,
pursuant to a sinking fund obligation or otherwise on or prior to the Maturity Date, (b) is convertible into or exchangeable 

  
 13 








 
or exercisable for a Liability or Disqualified Stock on or prior to the Maturity Date, (c) is redeemable on or prior to the Maturity Date at the option of the holder of such Equity Interests
or (d) otherwise requires any payments by such Person on or prior to the Maturity Date. 
 “Dollar” and
“$” mean lawful money of the United States. 
 “Dollar Equivalent” means, at any time, (a) with
respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Foreign Currency, the equivalent amount thereof in Dollars as determined by Global Administrative Agent, the applicable Funding
Agent or the applicable L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (as of the most recent Revaluation Date) for the purchase of Dollars with such Foreign Currency. 

“Domestic Borrower” means, with respect to each Tranche, a Borrower under such Tranche that is not a Foreign Borrower under
such Tranche. 
 “Dutch Banking Act” means the Act on the Supervision of the Financial Markets dated September 28,
2006 (Wet op het Financieel Toezicht). 
 “Dutch Borrower” means any Borrower that is organized under the Laws of
The Netherlands. 
 “EEA Financial Institution” means (a) any credit institution or investment firm established in any
EEA Member Country that is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country that is a parent of an institution described in clause (a) of this definition, or (c) any
financial institution established in an EEA Member Country that is a subsidiary of an institution described in clause (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Eligible Affiliate” means any Person in which Prologis directly or indirectly holds an Equity Interest. 

“Eligible Qualified Institution” means a Qualified Institution that meets the following requirements: (a) to the extent
that a Lender is a Qualified Lender with respect to an outstanding Loan in which a Fronting Lender has funded a portion of such Loan, then an “Eligible Qualified Institution” with respect to the assignment of such Loan by such Qualified
Lender is a Qualified Lender; and (b) such Qualified Institution is able to make the representations set forth in Section 7.1.5(a) with respect to the applicable Tranche; provided that “Eligible Qualified
Institution” shall not include any Company or any Affiliate of any Company. 

  
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 “EMU” means the European economic and monetary union in accordance with the
Treaty of Rome 1957, as amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam Treaty of 1998. 

“EMU Legislation” means the legislative measures of the European Council for the introduction of, changeover to or operation
of a single or unified European currency. 
 “Environmental Laws” means all Federal, state, provincial, local and foreign
statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any
materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of Prologis, any other Loan Party or any of their respective Affiliates directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or
(e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Equity Interests” means, with respect to any Person, all shares of capital stock of (or other ownership or profit interests
in) such Person, all warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all securities convertible into or exchangeable for shares
of capital stock of (or other ownership or profit interests in) such Person, and all other ownership, beneficial or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, in each case
to the extent then outstanding; provided that the convertible senior notes of Prologis shall not constitute Equity Interests unless such notes are converted into capital stock of Prologis. 

“ERISA” means the Employee Retirement Income Security Act of 1974. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with Prologis within the
meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” means: (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by Prologis or any
ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal
under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by Prologis or any ERISA Affiliate from a Multiemployer Plan or receipt by Prologis or any ERISA Affiliate of notification that a Multiemployer Plan is in reorganization;
(d) the filing by Prologis or any ERISA Affiliate 

  
 15 








 
of a notice of intent to terminate any Pension Plan, the treatment of a Pension Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by
the PBGC to terminate a Pension Plan or Multiemployer Plan; or (e) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or
Multiemployer Plan. 
 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan
Market Association (or any successor Person). 
 “Euro” and “EUR” mean the lawful currency of the
Participating Member States introduced in accordance with the EMU Legislation. 
 “Euro Absolute Rate Loan” means a Euro
Bid Loan that bears interest at a rate determined with reference to an Absolute Rate. 
 “Euro Aggregate Commitments”
means, at any time, the Euro Commitments of all Euro Qualified Lenders and Euro Non-Qualified Lenders, provided that the Euro Aggregate Commitments shall not include the Fronting Commitments. 

“Euro Bid Borrowing” means a borrowing consisting of simultaneous Euro Bid Loans of the same Type from each of the Euro
Lenders whose offer to make one or more Euro Bid Loans as part of such borrowing has been accepted under the auction bidding procedures described in Section 3.7. 

“Euro Bid Loan” has the meaning specified in Section 3.7.1. 

“Euro Bid Loan Lender” means, in respect of any Euro Bid Loan, the Euro Lender making such Euro Bid Loan to the applicable
Euro Borrower. 
 “Euro Bid Loan Sublimit” means the lesser of (a) €200,000,000 (as such amount may be increased
or decreased pursuant to Section 6.12.3) and (b) the Euro Aggregate Commitments. The Euro Bid Loan Sublimit is part of, and not in addition to, the Euro Aggregate Commitments. 

“Euro Bid Request” means a written request for one or more Euro Bid Loans substantially in the form of Exhibit J-1.

 “Euro Borrower” means each Borrower listed under the heading “Euro Tranche” on Schedule 2.3 and
any other Borrower added to the Euro Tranche pursuant to Section 6.11. 
 “Euro Commitment” means, as to each
Euro Lender, its obligation to (a) make Euro Committed Loans to Euro Borrowers pursuant to Section 3.1, (b) purchase participations in Euro Fronting Loans to the extent such Euro Lender is a Euro Non-Qualified Lender,
(c) purchase participations in Euro L/C Obligations and (d) purchase participations in Euro Swing Line Loans, in the Euro Equivalent aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such
Euro Lender’s name on the most recent Schedule 2.1, as prepared by Global Administrative Agent or Euro Funding Agent (or if the applicable assignment occurred after such preparation, in the most recent Assignment and Assumption to
which such Euro Lender is a party), as such amount may be adjusted from time to time in accordance with this Agreement. 

  
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 “Euro Committed Borrowing” means a borrowing consisting of simultaneous Euro
Committed Loans of the same Type and having the same Interest Period made by each Euro Lender (other than any applicable Euro Non-Qualified Lender) pursuant to Section 3.1. 

“Euro Committed Loan” has the meaning specified in Section 3.1, and shall include any Euro Fronting Loan made in
connection with a Euro Committed Borrowing. 
 “Euro Committed Loan Notice” means a notice of (a) a Euro Committed
Borrowing, (b) a conversion of Euro Committed Loans from one Type to the other or (c) a continuation of Eurocurrency Rate Committed Loans, pursuant to Section 3.3.1, which shall be substantially in the form of Exhibit
A-2 or such other form as may be approved by Euro Funding Agent (including any form on an electronic platform or electronic transmission system as shall be approved by Euro Funding Agent), appropriately completed and signed by a Responsible
Officer of the applicable Borrower. 
 “Euro Competitive Bid” means a written offer by a Euro Lender to make one or more
Euro Bid Loans, substantially in the form of Exhibit K-1, duly completed and signed by such Euro Lender. 
 “Euro Credit
Exposure” means, for any Euro Lender at any time, the aggregate Euro Outstanding Amount of all Euro Committed Loans (other than Euro Fronting Loans) of such Euro Lender plus such Euro Lender’s Applicable Tranche Percentage of
the Euro Outstanding Amount of all Euro L/C Obligations and all Euro Swing Line Loans plus, as to any Euro Non-Qualified Lenders, the Euro Outstanding Amount of such Euro Lender’s participation in all applicable Euro Fronting Loans. 

“Euro Credit Extension” means each of the following: (a) a Euro Committed Borrowing, (b) a Euro Swing Line
Borrowing and (c) a Euro L/C Credit Extension. 
 “Euro Equivalent” means, at any time, (a) with respect to any
amount denominated in Euro, such amount, and (b) with respect to any amount denominated in any Alternative Currency under the Euro Tranche, the equivalent amount thereof in Euro as determined by Euro Funding Agent or the applicable Euro L/C
Issuer, as the case may be, at such time on the basis of the Spot Rate (as of the most recent Revaluation Date) for the purchase of Euro with such Alternative Currency. 

“Euro Eurocurrency Margin Bid Loan” means a Euro Bid Loan that bears interest at a rate based upon the Eurocurrency Rate.

 “Euro Existing Letters of Credit” means the letters of credit outstanding on the date hereof and described on
Schedule 2.4(b). 
 “Euro Fronting Loan” has the meaning specified in Section 3.2.1. 

  
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 “Euro Funding Agent” means RBS plc, in its capacity as Euro funding agent under
the Loan Documents, or any successor Euro funding agent. 
 “Euro Funding Agent’s Office” means, with respect to the
Euro Tranche, Euro Funding Agent’s Office address and, as appropriate, account as set forth on Schedule 14.2 with respect to the Euro Tranche, or (subject to Section 14.2.5) such other address or account with respect to Euro
Tranche as Euro Funding Agent may from time to time notify to Prologis, Global Administrative Agent, the other Funding Agents and Euro Lenders. 

“Euro L/C Borrowing” means an extension of credit resulting from a drawing under any Euro Letter of Credit which has not been
reimbursed on the date when made or refinanced as a Euro Committed Borrowing. All Euro L/C Borrowings shall be denominated in Euro or Sterling, as applicable. 

“Euro L/C Credit Extension” means, with respect to any Euro Letter of Credit, the issuance thereof, the extension of the
expiry date thereof or the increase of the amount thereof. 
 “Euro L/C Issuers” means ING Bank, N.V., in its individual
capacity as a bank issuing Euro Letters of Credit hereunder, and any other Euro Lender, in its individual capacity, approved by Global Administrative Agent and Euro Funding Agent, that agrees to issue Euro Letters of Credit hereunder, including each
issuer of a Euro Existing Letter of Credit (including RBS plc); and “Euro L/C Issuer” means any one of the Euro L/C Issuers. 

“Euro L/C Obligations” means, as of any date of determination, the aggregate amount available to be drawn under all
outstanding Euro Letters of Credit plus the aggregate of all Euro Unreimbursed Amounts, including all Euro L/C Borrowings. 

“Euro Lender” means each Lender listed on Schedule 2.1(b) and any Person that becomes a Euro Lender pursuant to
Section 6.13, in each case including such Person’s successors and permitted assigns. 
 “Euro Letter of
Credit” means any standby letter of credit, bank guaranty, bank bond or comparable instrument issued under the Euro Tranche (including the Euro Existing Letters of Credit). Euro Letters of Credit may only be issued in Euro or Sterling. 

“Euro Letter of Credit Sublimit” means an amount equal to the lesser of (a) EUR 50,000,000 and (b) the Euro
Aggregate Commitments. The Euro Letter of Credit Sublimit is part of, and not in addition to, the Euro Aggregate Commitments. 

“Euro Loan” means an extension of credit by a Euro Lender to a Borrower under Article III in the form of a Euro
Committed Loan, a Euro Swing Line Loan or a Euro Bid Loan. 
 “Euro Non-Qualified Lender” means a Euro Lender that is not a
Euro Qualified Lender. 
 “Euro Outstanding Amount” means: (a) with respect to Euro Committed Loans (other than Euro
Fronting Loans), the aggregate outstanding Euro Equivalent principal amount thereof after giving effect to any borrowings and repayments of Euro Committed Loans; (b) with respect to Euro Fronting Loans, the aggregate outstanding Euro Equivalent
principal amount thereof 

  
 18 








 
after giving effect to any borrowings and repayments of Euro Fronting Loans; (c) with respect to Euro Swing Line Loans, the aggregate outstanding Euro Equivalent principal amount thereof
after giving effect to any borrowings and repayments of Euro Swing Line Loans; (d) with respect to Euro Bid Loans, the aggregate outstanding principal amount thereof after giving effect to any borrowings and repayments of Euro Bid Loans; and
(e) with respect to any Euro L/C Obligations, the aggregate outstanding Euro Equivalent principal amount thereof after giving effect to any Euro L/C Credit Extension occurring on such date and any other change in the outstanding amount of the
Euro L/C Obligations on such date, including as a result of any reimbursement by any Euro Borrower of Euro Unreimbursed Amounts. 

“Euro Qualified Lender” means, as of any date of determination, a Euro Lender that (a) has committed hereunder to make
Euro Committed Loans in the applicable currency requested by a Euro Borrower to be funded under the Euro Tranche, (b) is capable of making the requested Euro Committed Loans to the Foreign Borrower requesting such Euro Committed Loan without
the imposition of any withholding taxes and (c) to the extent the applicable Euro Borrower requesting a Euro Committed Loan is a Japan Borrower, is not a Non-Qualified Japan Lender. 

“Euro Required Lenders” means, as of any date of determination, Euro Lenders having more than 50% of the Euro Aggregate
Commitments or, if the Euro Aggregate Commitments have terminated, Euro Lenders holding in the aggregate more than 50% of the Euro Total Outstandings (with the aggregate amount of each Euro Lender’s risk participation and funded participation
in Euro L/C Obligations, Euro Fronting Loans and Euro Swing Line Loans being deemed “held” by such Euro Lender for purposes of this definition); provided that the Euro Commitment of, and the portion of the Euro Total Outstandings
held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Euro Required Lenders. 

“Euro Swing Line” means the Euro revolving credit facility made available by Euro Swing Line Lender pursuant to
Section 3.5. 
 “Euro Swing Line Borrowing” means a borrowing of a Euro Swing Line Loan pursuant to
Section 3.5. 
 “Euro Swing Line Lender” means RBS plc in its capacity as provider of Euro Swing Line Loans, or
any successor Euro swing line lender hereunder. 
 “Euro Swing Line Loan” has the meaning specified in
Section 3.5.1. 
 “Euro Swing Line Loan Notice” means a notice of a Euro Swing Line Borrowing pursuant to
Section 3.5.2, which, if in writing, shall be substantially in the form of Exhibit B-2. 
 “Euro Swing Line
Sublimit” means an amount equal to the lesser of (a) EUR 100,000,000 and (b) the Euro Aggregate Commitments. The Euro Swing Line Sublimit is part of, and not in addition to, the Euro Aggregate Commitments. 

  
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 “Euro Total Outstandings” means the aggregate Euro Outstanding Amount of all
Euro Committed Loans (including all Euro Fronting Loans), all Euro Swing Line Loans, all Euro Bid Loans and all Euro L/C Obligations. 

“Euro Tranche” means the revolving credit facility described in Article III. 

“Euro Unreimbursed Amount” means any unreimbursed amount under Section 5.3 with respect to a Euro Letter of
Credit. 
 “Eurocurrency Bid Margin” means the margin above or below the Eurocurrency Rate to be added to or subtracted
from the Eurocurrency Rate, which margin shall be expressed in multiples of 1/100th of one basis point. 
 “Eurocurrency Margin Bid
Loans” means, collectively, U.S. Eurocurrency Margin Bid Loans and Euro Eurocurrency Margin Bid Loans; and “Eurocurrency Margin Bid Loan” means any one of the foregoing. 

“Eurocurrency Rate” means, for any Interest Period with respect to: 

(a) any Eurocurrency Rate Loan under the U.S. Tranche, any Eurocurrency Rate Loan under the Euro Tranche (other than Euro Loans
denominated in Euro) and any Eurocurrency Rate Loan under the Yen Tranche (other than Yen Committed Loans denominated in Yen), the rate per annum equal to the London Interbank Offered Rate (“LIBOR”), or a comparable or successor
rate which rate is approved by the applicable Funding Agent, as published on the applicable Bloomberg screen page (in the case of the U.S. Tranche) or the applicable Thomson Reuters screen page (in the case of the Euro Tranche) (or another
commercially available source providing quotations of LIBOR as reasonably designated by the applicable Funding Agent and acceptable to Prologis from time to time) at or about 11:00 a.m., London time, two Business Days prior to the commencement of
such Interest Period, for deposits in the relevant currency (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; provided that to the extent a comparable or successor rate is approved by the
applicable Funding Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the
applicable Funding Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by applicable Funding Agent. 

(b) any Eurocurrency Rate Loan denominated in Euro under the Euro Tranche for any Interest Period, the rate per annum equal to
the offered quotation which appears on the Thomson Reuters Screen which displays the rate of the European Money Markets Institute for the Euro (being currently page “EURIBOR01”) for such Interest Period at approximately 11:00 a.m.,
Brussels time, two Business Days prior to the commencement of such Interest Period for deposits in the relevant currency (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period or, if such page shall
cease to be available, such other page or such other service for the purpose of displaying an average rate of the European Money Markets Institute as Euro Funding 

  
 20 








 
Agent, after consultation with Euro Lenders and Prologis, shall select. If such rate is not available at such time for any reason, and Euro Funding Agent has not selected an alternative service
on which a quotation is displayed, then the “Eurocurrency Rate” for such Interest Period shall be the arithmetic mean (rounded upwards, if necessary, to four decimal places) of the rates (as notified to Euro Funding Agent) at which each
Reference Bank was offering to prime banks in the European interbank market deposits in Euro for the relevant Interest Period at approximately 11:00 a.m., Brussels time, two Business Days prior to the commencement of such Interest Period. 

(c) any Eurocurrency Rate Loans denominated in Yen under the Yen Tranche for any Interest Period, the rate which appears on the
screen display “Reuters Screen TIBM” under the caption “TIBM Average Rates” on the Reuters Service (or such other screen display or service as may replace it for purposes of displaying Tokyo interbank offered rates of prime banks
for Yen deposits) at approximately 11:00 a.m., Tokyo time, two Business Days prior to the commencement of such Interest Period, as the rate for deposits in Yen with a maturity comparable to such Interest Period. If no such rate is available on the
Reuters Service (or such replacement), then the “Eurocurrency Rate” for such Interest Period shall be the interest rate offered for Yen deposits for a period comparable to that Interest Period which appears on the screen display designated
as “Euro-Yen TIBOR” on page 23070 of the Telerate Service published by the Japanese Banking Association (or such other screen display or service as may replace it for purposes of displaying Tokyo interbank offered rates of prime banks for
Yen deposits). If such rate is not available on the Reuters Service (or such replacement) or the Telerate Screen (or such replacement), then the “Eurocurrency Rate” for such Interest Period shall be the rate per annum at which Yen Funding
Agent was offering to leading banks in the Tokyo interbank market deposits in Yen for a period equal to the applicable Interest Period at approximately 11:00 a.m., Tokyo time, two Business Days prior to the commencement of such Interest Period. If
such rate is not available on the Reuters Service (or such replacement) or the Telerate Screen (or such replacement) and Yen Funding Agent is unable to provide a rate referred to in the sentence above, then the “Eurocurrency Rate” for such
Interest Period shall be the rate which is applied by Yen Funding Agent in Japan as its long-term prime lending rate on the relevant date to its Yen loans with terms exceeding one year to its prime customers in Japan and which Yen Funding Agent
confirms and notifies the applicable Borrower in writing as such. 
 (d) any Supplemental Rate Loan under each Supplemental
Tranche, as set forth in the applicable Supplemental Addendum. 
 If the Eurocurrency Rate for any Interest Period shall be
less than zero (0), such rate shall be deemed to be zero (0) for such Interest Period for all purposes of this Agreement. 

“Eurocurrency Rate Committed Loan” means any Committed Loan that bears interest at a rate based upon the Eurocurrency Rate.

 “Eurocurrency Rate Loan” means any Committed Loan or Bid Loan that bears interest at a rate based on the Eurocurrency
Rate. 

  
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 “Event of Default” has the meaning specified in Section 12.1. 

“Excluded Debt Service” means, for any period, any regularly scheduled principal payments on (a) any Indebtedness that
pays such Indebtedness in full, but only to the extent that the amount of such final payment is greater than the scheduled principal payment immediately preceding such final payment, and (b) any Indebtedness (other than Secured Debt) that is
rated at least Baa3 and BBB-, as the case may be, by at least two of S&P, Moody’s and Fitch. 
 “Excluded Taxes”
means, with respect to any Agent, any Lender, any L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however
denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the Laws of which such recipient is organized, in which its principal office is located, in which it is
otherwise conducting business (other than as a result of entering into or receiving payments under this Agreement) and subject to such taxes or, in the case of any Lender, in which its applicable Lending Office is located, (b) any branch
profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which such Borrower is located, (c) except as provided in the following sentence, in the case of a Foreign Lender (other than an assignee
pursuant to a request by Prologis under Section 14.13), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or is
attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with Section 7.1.4, except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time
of designation of a new Lending Office (or assignment), to receive additional amounts from the applicable Borrower with respect to such withholding tax pursuant to Section 7.1.1 and (d) any Taxes imposed under FATCA. Notwithstanding
anything to the contrary contained in this definition, except with respect to any Taxes imposed under FATCA (for which the first sentence in this definition controls), (x) prior to the Trigger Date, “Excluded Taxes” shall not
include any withholding tax imposed at any time on payments made by or on behalf of a Foreign Obligor to any Lender hereunder or under any other Loan Document (regardless of whether a Fronting Lender was utilized to mitigate any withholding taxes),
provided that such Lender shall have complied with its obligations under Section 7.1.4 and (y) on or after the Trigger Date, “Excluded Taxes” shall not include any withholding tax imposed at any time on
payments made to any Lender hereunder or under any other Loan Documents (regardless of whether such Lender has complied with Section 7.1.4). Furthermore, except with respect to any Taxes imposed under FATCA (for which the first sentence
in this definition controls), “Excluded Taxes” shall not include any withholding tax imposed at any time on payments made by or on behalf of a Foreign Obligor to any Lender (other than a Fronting Lender acting in such capacity) with
respect to any Loan that such Lender is required to make pursuant to Section 2.2.2(a), 3.2.2(a) or Section 4.2.2(a). 

“Exemption Representation” has the meaning specified in Section 7.1.5(a). 

“Existing Credit Agreement” means the Global Senior Credit Agreement dated as of July 11, 2013 among Prologis, the
General Partner, certain other parties and Bank of America, as administrative agent. 

  
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 “Existing Indenture” means the Indenture dated as of June 30, 1998 among
General Partner, Prologis and U.S. Bank National Association (as successor in interest to State Street Bank and Trust Company of California, N.A.), as Trustee. 

“Existing Letters of Credit” means, collectively, the U.S. Existing Letters of Credit, the Euro Existing Letters of Credit
and the Yen Existing Letters of Credit. 
 “Extension Effective Date” has the meaning specified in Section 6.10.2.

 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement, regulations or official
interpretations thereof and any agreements entered into pursuant to Section 1471 (b) (1) of the Code. 
 “Federal
Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by
the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the immediately
preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if
necessary, to a whole multiple of 1/100 of 1%) charged to U.S. Funding Agent on such day on such transactions as determined by U.S. Funding Agent. 

“Fee Letters” means, collectively, the fee letters entered into by and among Prologis and certain Agents and/or certain
Credit Parties. 
 “Fitch” means Fitch IBCA, Duff & Phelps, a division of Fitch, Inc. (or any successor thereof)
or, if Fitch no longer publishes ratings, then another ratings agency selected by Prologis and reasonably acceptable to Global Administrative Agent. 

“Fitch Rating” means the most recently-announced rating from time to time of Fitch assigned to any class of long-term senior,
unsecured debt securities issued by Prologis, as to which no letter of credit, guaranty or third party credit support is in place, regardless of whether any such Indebtedness has been issued at the time such rating was issued. 

“Fixed Charge Coverage Ratio” means, as of the last day of any fiscal quarter, the ratio of (a) (i) Adjusted
EBITDA, minus (ii) Capital Expenditures, to (b) the sum of (i) Debt Service in respect of all Indebtedness, plus (ii) Preferred Dividends, in each case for the Companies on a consolidated basis and for the
four fiscal quarters ending on the date of determination. 
 “Foreign Borrower” means a Borrower that (a) with respect
to the U.S. Tranche, (i) is not organized under the Laws of a jurisdiction of the United States, a State thereof or the District of Columbia or (ii) is organized under the Laws of a jurisdiction of the United States, a State thereof or the
District of Columbia but is domiciled and operating in another jurisdiction that results in U.S. Loans to such Borrower being subject to withholding taxes, (b) with respect to the Euro Tranche, (i) is not organized under the Laws of The
Netherlands or (ii) is organized under the Laws of The Netherlands but is domiciled and operating in another jurisdiction that results in 

  
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Euro Loans to such Borrower being subject to withholding taxes, (c) with respect to the Yen Tranche, (i) is not organized under the Laws of Japan or (ii) is organized under the
Laws of Japan but is domiciled and operating in another jurisdiction that results in Yen Committed Loans to such Borrower being subject to withholding taxes and (d) with respect to a Supplemental Tranche, (i) is not organized under the
Laws of the applicable Supplemental Primary Location or (ii) is organized under the Laws of the applicable Supplemental Primary Location but is domiciled and operating in another jurisdiction that results in Supplemental Loans to such Borrower
being subject to withholding taxes. 
 “Foreign Currency” means any currency other than Dollars. 

“Foreign Currency Equivalent” means with respect to an amount denominated in a Primary Currency of any Tranche, the
equivalent in the applicable Alternative Currency of such amount determined at the Spot Rate for the purchase of such Alternative Currency with the applicable Primary Currency, as determined by the applicable Funding Agent on the most recent
Revaluation Date applicable to such amount. 
 “Foreign Lender” means, with respect to any Borrower, any Lender that is
organized under the Laws of a jurisdiction other than that in which such Borrower is resident for tax purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a
single jurisdiction. 
 “Foreign Obligor” means a Loan Party that (a) with respect to the U.S. Tranche, (i) is
not organized under the Laws of a jurisdiction of the United States, a State thereof or the District of Columbia or (ii) is organized under the Laws of a jurisdiction of the United States, a State thereof or the District of Columbia but is
domiciled and operating in another jurisdiction that results in U.S. Loans to such Loan Party being subject to withholding taxes, (b) with respect to the Euro Tranche, (i) is not organized under the Laws of The Netherlands or (ii) is
organized under the Laws of The Netherlands but is domiciled and operating in another jurisdiction that results in Euro Loans to such Loan Party being subject to withholding taxes, (c) with respect to the Yen Tranche, (i) is not organized
under the Laws of Japan or (ii) is organized under the Laws of Japan but is domiciled and operating in another jurisdiction that results in Yen Committed Loans to such Loan Party being subject to withholding taxes and (d) with respect to a
Supplemental Tranche, (i) is not organized under the Laws of the applicable Supplemental Primary Location or (ii) is organized under the Laws of the applicable Supplemental Primary Location but is domiciled and operating in another
jurisdiction that results in Supplemental Loans to such Loan Party being subject to withholding taxes. 
 “FRB” means the
Board of Governors of the Federal Reserve System of the United States. 
 “Fronting Commitment” means, with respect to any
Fronting Lender, the aggregate Dollar Equivalent amount of Fronting Loans that such Fronting Lender has agreed to make as set forth on Schedule 2.2, as such amount may be adjusted in accordance with Section 14.13. 

“Fronting Lender Election” means the election by Prologis, in consultation with the applicable Funding Agent, of one or more
Fronting Lenders to make the applicable Fronting 

  
 24 








 
Loans; provided that to the extent Prologis does not make such election as to which Fronting Lenders fund such Fronting Loan within one Business Day after a request for such information by
the applicable Funding Agent, then such Funding Agent, to the extent that it is a Fronting Lender, shall fund such Fronting Loan in its capacity as a Fronting Lender; provided, further, that if such Funding Agent, in its capacity as
Fronting Lender, is unable to fund any portion of such Fronting Loan due to the limitations set forth in Section 2.2.1, 3.2.1 or 4.2.1, as applicable, then the Fronting Loan (or the applicable portion thereof) shall be
funded by the other Fronting Lenders in the order of the Fronting Lenders with the highest unused Fronting Commitments. 
 “Fronting
Lenders” means, collectively, the Lenders listed on Schedule 2.2, and each successor or additional Fronting Lender hereunder, and “Fronting Lender” means any one of the Fronting Lenders. 

“Fronting Loans” means, collectively, the U.S. Fronting Loans, the Euro Fronting Loans and the Yen Fronting Loans; and
“Fronting Loan” means any of the Fronting Loans. 
 “Fronting Portion” means, with respect to any Fronting
Loan, the portion of such Fronting Loan that is funded by the applicable Fronting Lender, as determined by the Funding Agent for the applicable Tranche. 

“Funding Agents” means, collectively, U.S. Funding Agent, Euro Funding Agent, Yen Funding Agent and each Supplemental Funding
Agent; and “Funding Agent” means any of the Funding Agents. 
 “Funding Agents’ Offices” means,
collectively, the U.S. Funding Agent’s Office, the Euro Funding Agent’s Office, the Yen Funding Agent’s Office and each Supplemental Funding Agent’s Office; and “Funding Agent’s Office” means any one of the
Funding Agents’ Offices. 
 “GAAP” means generally accepted accounting principles in the United States set forth in
the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved
by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

“General Partner” means Prologis, Inc., a Maryland corporation qualified as a REIT. 

“General Partner Guaranty” means the Guaranty made by General Partner in favor of Global Administrative Agent, for the
benefit of the Lenders, pursuant to Article XV. 
 “Global Administrative Agent” means Bank of America, in its
capacity as global administrative agent under the Loan Documents, or any successor in such capacity. 
 “Global Administrative
Agent’s Office” means, with respect to any currency, Global Administrative Agent’s address and, as appropriate, account as set forth on Schedule 14.2 with respect to such currency, or (subject to Section 14.2.5)
such other address or account with respect to such currency as Global Administrative Agent may from time to time notify to Prologis, the Funding Agents and Lenders. 

  
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 “Governmental Authority” means the government of the United States or any other
nation, or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative
powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having
the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or
indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in
respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of
income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or
other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other
Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount
equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith. Guarantees shall not include contingent obligations under any Special Limited Contribution Agreement (“SLCA”) in connection with certain of such Person’s contributions of
Properties to Property Funds pursuant to which a Company is obligated to make additional capital contributions to the respective Property Fund under certain circumstances unless the obligations under such SLCA are required under GAAP to be included
in “liabilities” on the balance sheet of the Companies. The term “Guarantee” as a verb has a corresponding meaning. 

“Guaranteed Obligations” means the principal and interest (whether such interest is allowed as a claim in a bankruptcy
proceeding with respect to any Borrower or otherwise) of each Loan made under this Agreement to any Designated Borrower, together with all other obligations (including obligations which, but for the automatic stay under Section 362(a) of the
United States Bankruptcy Code, would become due) and liabilities (including indemnities, fees and interest thereon), direct or indirect, of any Designated Borrower to any Credit Party now existing or hereafter incurred under, arising out of or in
connection with this Agreement or any other Loan Document, including all costs, expenses and fees, including court costs and reasonable attorneys’ fees, arising in connection with the collection of any Guaranteed Obligations. 

“Guaranties” means the General Partner Guaranty and the Prologis Guaranty. 

  
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 “Guarantors” means, collectively, General Partner and Prologis, and
“Guarantor” means either of the Guarantors. 
 “Hazardous Materials” means all explosive or radioactive
substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and
all other substances or wastes of any nature regulated pursuant to any Environmental Law. 
 “Honor Date” has the meaning
specified in Section 5.3.1. 
 “Increasing Lender” has the meaning specified in Section 6.13.1.

 “Indebtedness” means for any Person, without duplication, all monetary obligations, excluding trade payables and accrued
expenses (including deferred tax liabilities except as expressly provided below) incurred in the ordinary course of business or for which reserves in accordance with GAAP or otherwise reasonably acceptable to Global Administrative Agent have been
provided, (a) of such Person (i) for borrowed money, (ii) evidenced by bonds, debentures, notes or similar instruments, (iii) to pay the deferred purchase price of property or services, except (x) obligations incurred in the
ordinary course of business to pay the purchase price of stock so long as such obligations are paid within customary settlement terms and (y) obligations to purchase stock (other than stock of Prologis or any of its Consolidated Subsidiaries or
Affiliates) pursuant to subscription or stock purchase agreements in the ordinary course of business, (iv) arising under Capital Leases to the extent included on a balance sheet of such Person, (v) arising under Swap Contracts, excluding
interest rate contracts entered into to hedge Indebtedness, net of obligations owed to such Person under non-excluded Swap Contracts, (vi) arising under any Guarantee of such Person (other than (x) endorsements in the ordinary
course of business of negotiable instruments or documents for deposit or collection, (y) indemnification obligations and purchase price adjustments pursuant to acquisition agreements entered into in the ordinary course of business and
(z) any Guarantee of Liabilities of a third party that do not constitute Indebtedness) and (vii) Settlement Debt or (b) secured by a Lien existing on any property of such Person, whether or not such obligation shall have been assumed
by such Person; provided that the amount of any Indebtedness under this clause (b) that has not been assumed by such Person shall be equal to the lesser of the stated amount of such Indebtedness or the fair market value of the
property securing such Indebtedness. The amount of any Indebtedness shall be determined without giving effect to any mark-to-market increase or decrease resulting from the purchase accounting impact of corporate or portfolio acquisitions or any
mark-to-market remeasurement of the amount of any Indebtedness denominated in a Foreign Currency. Indebtedness shall not include obligations under any assessment, performance, bid or surety bond or any similar bonding obligation. 

“Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Indemnitee” has the meaning specified in Section 14.4.2. 

“Industrial Property” means a Property that is used for manufacturing, processing, warehousing or retail purposes. 

  
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 “Information” has the meaning specified in Section 14.7. 

“Initial Affiliate Borrowers” means the Eligible Affiliates that are listed on Schedule 2.3. 

“Interest Expense” means, for any Person for any period, without duplication, (a) such Person’s “net interest
expense” for such period as reported on such Person’s most recent financial statements plus (b) Restricted Payments of any kind or character with respect to, and other proceeds paid or payable in respect of, any Disqualified
Stock. 
 “Interest Payment Date” means, (a) as to any Eurocurrency Rate Loan (including any Euro Swing Line Loan),
any CDOR Rate Loan or any Substitute Rate Loan (i) the last day of each Interest Period applicable to such Loan and (ii) the Maturity Date; provided that if any Interest Period for a Eurocurrency Rate Loan, CDOR Rate Loan or
Substitute Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates; (b) as to any Base Rate Loan, Money Market Rate Loan or ABR Rate
Loan, (i) the last Business Day of each March, June, September and December and (ii) the Maturity Date; and (c) as to any Supplemental Rate Loan that is not a Eurocurrency Rate Loan, the dates set forth in the applicable Supplemental
Addendum. 
 “Interest Period” means (a) as to each Eurocurrency Rate Loan or CDOR Rate Loan, as applicable, the
period commencing on the date such Eurocurrency Rate Loan or such CDOR Rate Loan, as applicable, is disbursed or (in the case of any Eurocurrency Rate Committed Loan) converted to or continued as a Eurocurrency Rate Loan or a CDOR Rate Loan, as
applicable, and ending on the date seven, fourteen or twenty-one days (to the extent available for the requested currency) or one, two, three or six months thereafter, as selected by the applicable Borrower in the applicable Committed Loan Notice or
applicable Bid Request, (b) as to any Substitute Rate Loan, a period agreed upon by the applicable Borrower and Euro Funding Agent (after consultation with the Lenders) or, in the absence of such agreement, a period of one month or such lesser
period as Euro Funding Agent deems customary in the relevant market for loans bearing interest based upon a rate similar to the Substitute Rate, and (c) as to each Absolute Rate Loan, a period of not less than 14 days and not more than 180 days
as selected by the applicable Borrower in its Bid Request; provided that: 
 (i) any Interest Period that would
otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless, in the case of a Eurocurrency Rate Loan, a CDOR Rate Loan, or a Substitute Rate Loan, such next succeeding Business Day falls in another
calendar month, in which case such Interest Period shall end on the immediately preceding Business Day; 
 (ii) any Interest
Period for a Eurocurrency Rate Loan, a CDOR Rate Loan or a Substitute Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such
Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 
 (iii) no
Interest Period shall extend beyond the Maturity Date. 

  
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 “Investment” means any investment in any Person, Property or other asset,
whether by means of stock, purchase, loan, advance, extension of credit, capital contribution or otherwise. The amount of any Investment shall be determined in accordance with GAAP; provided that the amount of the Investment in any Property
shall be calculated based upon the undepreciated Investment in such Property. 
 “IRS” means the United States Internal
Revenue Service. 
 “ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998”
published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance of such Letter of Credit). 

“Issuer Documents” means, with respect to any Letter of Credit, the applicable Letter of Credit Application and any other
document, agreement and instrument entered into by the applicable L/C Issuer and the applicable Borrower (or any Eligible Affiliate) or in favor of the applicable L/C Issuer and relating to any Letter of Credit. 

“Japan Borrower” means a Borrower that is organized under the Laws of Japan. 

“Japanese Prime Rate” means, on any day, the per annum rate of interest as publicly announced by Yen Funding Agent as its
“short prime rate” in Japan. The “short prime rate” is a rate set by Yen Funding Agent based on various factors, including Yen Funding Agent’s costs and desired return, general economic conditions and other factors, and is
used as a reference point for pricing some loans, which may be priced at, above or below such announced rate (it being understood that the same shall not necessarily be the best rate offered by Yen Funding Agent to its customers). Any change in such
rate announced by Yen Funding Agent shall take effect at the opening of business on the day specified in the public announcement of such change. 

“JPMorgan” means JPMorgan Chase Bank, N.A. 

“JPMorgan L/C Outstandings” means, as of any date of determination, the aggregate amount available to be drawn under all
outstanding U.S. Letters of Credit (including any reinstatement of or increase in the face amount thereof that may be reflected pursuant to the terms of any U.S. Bond L/C) issued by JPMorgan plus the aggregate of all U.S. Unreimbursed Amounts
owed to JPMorgan as a U.S. L/C Issuer. 
 “JPMorgan U.S. L/C Sublimit” means $47,500,000 or such other amount as may be
agreed in writing between JPMorgan and Prologis from time to time and acknowledged by Global Administrative Agent and U.S. Funding Agent. 

“JPMorgan U.S. Swing Line Commitment” means $40,000,000 or such other amount as may be agreed in writing between JPMorgan and
Prologis from time to time and acknowledged by Global Administrative Agent and U.S. Funding Agent. 
 “Laws” means,
collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof
by any 

  
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Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and
permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 
 “L/C
Advance” means, with respect to each Lender under a particular Tranche, such Lender’s funding of its participation in any L/C Borrowing under such Tranche in accordance with its Applicable Tranche Percentage. All U.S. L/C Advances
shall be denominated in Dollars. All Euro L/C Advances shall be denominated in Euro or Sterling, as applicable. All Yen L/C Advances shall be denominated in Yen. 

“L/C Borrowing” means a Euro L/C Borrowing, a U.S. L/C Borrowing or a Yen L/C Borrowing, as applicable. 

“L/C Credit Extensions” means, collectively, each U.S. L/C Credit Extension, each Euro L/C Credit Extension, each Yen L/C
Credit Extension and each Supplemental L/C Credit Extensions; and “L/C Credit Extension” means any one of the L/C Credit Extensions. 

“L/C Issuers” means, collectively, each U.S. L/C Issuer, each Euro L/C Issuer, each Yen L/C Issuer and each Supplemental L/C
Issuer; and “L/C Issuer” means any one of the L/C Issuers. 
 “L/C Obligations” means, collectively, the
Dollar Equivalent of all of the U.S. L/C Obligations, the Euro L/C Obligations, the Yen L/C Obligations and each Supplemental L/C Obligation. 

“Lenders” means, collectively, U.S. Lenders, Euro Lenders, Yen Lenders and Supplemental Lenders, and, as the context
requires, includes the Fronting Lenders and the Swing Line Lenders. 
 “Lending Office” means, as to any Lender, the office
or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify Prologis, Global Administrative Agent and Funding Agent for the Tranche in which
Lender has a commitment or outstandings. 
 “Letter of Credit Application” means, an application and agreement for the
issuance or amendment of a Letter of Credit in the form from time to time in use by the applicable L/C Issuer. 
 “Letter of Credit
Expiration Date” means the day that is the one year anniversary after the Maturity Date; provided that if such day is not a Business Day, the Letter of Credit Expiration Date shall be the immediately preceding Business Day. 

“Letter of Credit Fee” has the meaning specified in Section 5.9. 

“Letter of Credit Sublimit” means any of the U.S. Letter of Credit Sublimit, the Euro Letter of Credit Sublimit, the Yen
Letter of Credit Sublimit or any Supplemental Letter of Credit Sublimit. 

  
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 “Letters of Credit” means, collectively, the U.S. Letters of Credit, the Euro
Letters of Credit, the Yen Letters of Credit and each Supplemental Letter of Credit; and “Letter of Credit” means any one of the Letters of Credit. 

“Liabilities” means (without duplication), for any Person, (a) any obligations required by GAAP to be classified upon
such Person’s balance sheet as liabilities (excluding any deferred tax liabilities and any mark-to-market increase or decrease in debt from the purchase accounting impact of corporate or portfolio acquisitions and from the re-measurement of
intercompany indebtedness); (b) any liabilities secured (or for which the holder of the liability has an existing right, contingent or otherwise, to be so secured) by any Lien existing on property owned or acquired by that Person, whether or
not such obligation shall have been assumed by such Person, provided that the amount of any Liability under this clause (b) that has not been assumed by such Person shall be equal to the lesser of the stated amount of the
liabilities secured (or entitled to be secured) or the fair market value of the applicable property; and (c) any Guarantees of such Person of liabilities or obligations of others. 

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other),
charge, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other
encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing, but excluding the interest of a lessor under an operating lease). 

“Loan Documents” means this Agreement, each Supplemental Addendum, each Borrower Accession Agreement, each Issuer Document,
the Fee Letters and the Security Documents. 
 “Loan Parties” means, collectively, General Partner, Prologis and each
Affiliate Borrower; and “Loan Party” means any one of the Loan Parties. 
 “Loans” means, collectively,
all U.S. Loans, all Euro Loans, all Yen Committed Loans and all Supplemental Loans, if any; and “Loan” means any of the Loans. 

“Material Acquisition” means, during any 12 month period, the acquisition by any Company of one or more real property assets
(including interests in participating mortgages in which the interest therein is characterized as equity according to GAAP) or portfolios of such assets or operating businesses, each of which real property assets, portfolios of real property assets
or operating businesses, as the case may be, individually had a purchase price of not less than 3% of Total Asset Value and all of which real property assets, portfolio of real property assets or operating businesses collectively had an aggregate
purchase price of 7.5% or more of Total Asset Value. 
 “Material Adverse Effect” means an effect resulting from any
circumstance or event or series of circumstances or events, of whatever nature (but excluding general economic conditions), which does or could reasonably be expected to, materially and adversely impair (a) the ability of the Companies, taken
as a whole, to perform their respective obligations under the Loan Documents or (b) the ability of any Credit Party to enforce the Loan Documents. 

  
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 “Maturity Date” means April 14, 2020 or, if the Maturity Date is extended
in accordance with the terms of Section 6.10, October 14, 2020 or April 14, 2021, as applicable. 
 “Money
Market Rate” means, as to any Swing Line Loan made by any Swing Line Lender pursuant to Sections 2.5 or 3.5 or any Fronting Loan that remains outstanding after the last day of an Interest Period as contemplated by
Section 2.2.5, 3.2.5 or 4.2.5, a rate per annum that shall be determined for each Loan by agreement between Prologis and the applicable Swing Line Lender or Fronting Lender (but in no event to (a) be less than zero
(0) or (b) exceed (i) in the case of U.S. Swing Line Loan, the Base Rate, or (ii) in the case of Euro Swing Line Loans, 1.00% plus the one-month Eurocurrency Rate for the applicable currency determined two Business Days
prior to the date of the applicable Euro Swing Line Borrowing). 
 “Money Market Rate Loan” means any Loan that bears
interest at a rate based on the Money Market Rate. 
 “Moody’s” means Moody’s Investors Service, Inc. (or any
successor thereof) or, if Moody’s no longer publishes ratings, another ratings agency selected by Prologis and reasonably acceptable to Global Administrative Agent. 

“Moody’s Rating” means the most recently-announced rating from time to time of Moody’s assigned to any class of
long-term senior, unsecured debt securities issued by Prologis, as to which no letter of credit, guaranty or third party credit support is in place, regardless of whether any of such Indebtedness has been issued at the time such rating was issued.

 “Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA to which
Prologis or any ERISA Affiliate makes or is obligated to make, or during the preceding five plan years has made or been obligated to make, contributions. 

“NOI” means, for any period and any Property, the difference (if positive) between (a) any rents (including rent with
respect to which a tenant received any free rent during such period, the amount of such free rent as if the same had been paid in cash by such tenant), proceeds (other than proceeds from Dispositions), expense reimbursements or income received from
such Property (but excluding security or other deposits, late fees, early lease termination or other penalties of a non-recurring nature), less (b) all costs and expenses (including interest on assessment bonds) incurred as a result of,
or in connection with, the development, operation or leasing of such Property (but excluding depreciation, amortization, Interest Expense (other than interest on assessment bonds) and Capital Expenditures). 

“Non-Consenting Lender” means any Lender that, within the preceding 60 days failed to agree to an amendment, waiver or
consent that was (a) requested by Prologis and (b) approved by Lenders holding at least 40% of the Dollar Equivalent amount of the Aggregate Tranche Commitments or, if the Aggregate Tranche Commitments have terminated, of the Total Global
Outstandings (calculated in the same manner as in the definition of “Required Lenders”) or if such amendment, waiver or consent related to a particular Tranche, at least 40% of the Aggregate Tranche Commitment for such Tranche or, if such
Aggregate Tranche Commitment has terminated, of the Total Tranche Outstandings for such Tranche. 

  
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 “Non-Continuing Lenders” has the meaning set forth in Section 14.22.

 “Non-Industrial Property” means a Property that is not an Industrial Property. 

“Non-Qualified Japan Lender” means an institution that does not have all necessary licenses and registrations under the Laws
of Japan to lend to a Japan Borrower. 
 “Non-Qualified Lender” means a U.S. Non-Qualified Lender, a Euro Non-Qualified
Lender or a Yen Non-Qualified Lender. 
 “Non-Recourse Debt” means Indebtedness with respect to which recourse for payment
is limited to (a) specific Property or Properties encumbered by a Lien securing such Indebtedness so long as there is no recourse to Prologis or General Partner, or (b) any Consolidated Subsidiary of Prologis or Unconsolidated Affiliate of
Prologis (provided that if an entity is a partnership, there is no recourse to Prologis or General Partner as a general partner of such partnership); provided that personal recourse of Prologis or General Partner for any such
Indebtedness for Customary Recourse Exceptions shall not, by itself, prevent such Indebtedness from being characterized as Non-Recourse Debt. For purposes of the foregoing and for the avoidance of doubt, (i) if the Indebtedness is partially
guaranteed by Prologis or General Partner, then the portion of such Indebtedness that is not so guaranteed shall still be Non-Recourse Debt if it otherwise satisfies the requirements in this definition, and (ii) if the liability of Prologis or
General Partner under any such guaranty is itself limited to specific Property or Properties, then such Indebtedness shall still be Non-Recourse Debt if such Indebtedness otherwise satisfies the requirements of this definition. 

“Non-U.S. Lender” means any Lender that is not organized under the Laws of a jurisdiction of the United States, a State
thereof or the District of Columbia or is otherwise not a resident of the United States for United States income tax purposes. 

“Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising
under any Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including
interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Law naming such Person as the debtor in such proceeding, regardless of whether such interest and
fees are allowed claims in such proceeding. 
 “Organization Documents” means: (a) with respect to any corporation,
the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of
formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any
agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate
or articles of formation or organization of such entity. 

  
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 “Other Taxes” means all present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan
Document. 
 “Outstanding Amount” means (a) with respect to the outstanding Committed Loans on any date (other than
the Fronting Loans), the Dollar Equivalent amount of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Committed Loans occurring on such date; (b) with respect to
Fronting Loans on any date, the Dollar Equivalent amount of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Fronting Loans occurring on such date; (c) with respect
to the outstanding Swing Line Loans on any date, the Dollar Equivalent amount of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Swing Line Loans occurring on such date;
(d) with respect to the outstanding Bid Loans on any date, the Dollar Equivalent amount of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Bid Loans occurring on
such date; and (e) with respect to any L/C Obligations on any date, the Dollar Equivalent amount of the aggregate outstanding amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and
any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements by any Borrower of Unreimbursed Amounts. 

“Overnight Rate” means, for any day, (a) with respect to any amount denominated in Dollars, the greater of (i) the
Federal Funds Rate and (ii) an overnight rate determined by the applicable Agent, the applicable L/C Issuer or the applicable Swing Line Lender, as the case may be, in accordance with banking industry rules on interbank compensation, and
(b) with respect to any amount denominated in an Alternative Currency under the applicable Tranche, the rate of interest per annum at which overnight deposits in such Alternative Currency, in an amount approximately equal to the amount with
respect to which such rate is being determined, would be offered for such day by a branch or Affiliate of U.S. Funding Agent in the applicable offshore interbank market for such currency to major banks in such interbank market. 

“Participant” has the meaning specified in Section 14.6.4. 

“Participant Register” has the meaning specified in Section 14.6.4. 

“Participating Member State” means each state so described in any EMU Legislation. 

“Patriot Act” “means the U.S. Patriot Act (Title III of Pub. L. 107 56) that was signed into law on October 26,
2001. 
 “PBGC” means the Pension Benefit Guaranty Corporation. 

  
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 “Pension Plan” means any “employee pension benefit plan” (as such term
is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by Prologis or any ERISA Affiliate or to which Prologis or any ERISA Affiliate contributes or has an
obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years. 

“Permitted Liens” means (a) pledges or deposits made to secure payment of worker’s compensation (or to participate
in any fund in connection with worker’s compensation insurance), unemployment insurance, pensions or social security programs (other than any Lien regulated by ERISA), (b) encumbrances consisting of zoning restrictions, easements or other
restrictions on the use of real property, provided that such items do not materially impair the use of such property for the purposes intended and none of which is violated in any material respect by existing or proposed structures or land
use, (c) Liens for taxes not yet due and payable or being contested in good faith by appropriate proceedings diligently conducted, and for which reserves in accordance with GAAP or otherwise reasonably acceptable to Global Administrative Agent
have been provided, (d) Liens imposed by mandatory provisions of law such as for materialmen’s, mechanic’s, warehousemen’s and other like Liens arising in the ordinary course of business, securing payment of any Liability whose
payment is not yet due, (e) Liens on Properties where the applicable Company or Unconsolidated Affiliate is insured against such Liens by title insurance or other similar arrangements satisfactory to Global Administrative Agent, (f) Liens
securing assessments or charges payable to a property owner association or similar entity, which assessments are not yet due and payable or are being contested in good faith by appropriate proceedings diligently conducted, and for which reserves in
accordance with GAAP or otherwise reasonably acceptable to Global Administrative Agent have been provided, (g) Liens securing assessment bonds, (h) leases to tenants of space in Properties that are entered into in the ordinary course of
business, (i) any netting or set-off arrangement entered into by any Company in the normal course of its banking arrangements for the purpose of netting debit and credit balances or any set-off arrangement that arises by operation of law as a
result of any Company opening a bank account, (j) any title transfer or retention of title arrangement entered into by any Company in the normal course of its trading activities on the counterparty’s standard or usual terms, (k) Liens
over goods and documents of title to goods arising out of letter of credit transactions entered into in the ordinary course of business, (l) Liens securing Settlement Debt in an aggregate amount not at any time exceeding $250,000,000,
(m) Liens that secure the Obligations, (n) Liens that secure senior Indebtedness of General Partner or Prologis or any of their respective Consolidated Subsidiaries on a pari passu basis with the Lien described in clause (m), and
(o) Liens that secure Indebtedness of a Company to another Company. 
 “Person” means any natural person, corporation,
limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

“Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) established by
Prologis or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate. 

“Platform” has the meaning specified in Section 10.2. 

  
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 “Pre-Approved Reallocations” means each of the pre-approved reallocations set
forth on Schedule 6.12. The Pre-Approved Reallocation of any Lender may from time to time be increased or decreased pursuant to a written agreement executed by Prologis, Global Administrative Agent and such Lender. 

“Preferred Dividends” means, for the Companies, on a consolidated basis, for any period, Restricted Payments of any kind or
character or other proceeds paid or payable with respect to any Equity Interests except for common equity (but excluding any Restricted Payments paid or payable to any Company). 

“Primary Currency” means (a) with respect to the U.S. Tranche, Dollars; (b) with respect to the Euro Tranche, Euro;
(c) with respect to the Yen Tranche, Yen; and (d) with respect to each Supplemental Tranche, as set forth in the applicable Supplemental Addendum. 

“Primary Location” has the meaning specified in Section 6.8.2. 

“Prologis” has the meaning specified in the introductory paragraph hereto. 

“Prologis Guaranty” means the Guaranty made by Prologis in favor of Global Administrative Agent, for the benefit of the
Lenders, pursuant to Article XV. 
 “Properties” means real estate properties (including land) owned by a Company or
an Unconsolidated Affiliate or any trust of which a Company or an Unconsolidated Affiliate is the sole beneficiary, and “Property” means any one of the Properties. 

“Property Fund” means an Unconsolidated Affiliate formed or sponsored by Prologis to hold Properties. 

“Property Fund Borrower” means a Borrower of a Property Fund Loan made pursuant to this Agreement. 

“Property Fund Loan” means Indebtedness of a Property Fund (which may include Loans hereunder), the proceeds of which were
used to finance the contribution by Prologis or other Companies of Properties to such Property Fund. 
 “Qualified
Institution” means (a) a Lender (other than a Defaulting Lender), (b) a bank, finance company, insurance company or other financial institution that (i) has (or, in the case of a bank is a subsidiary of a bank holding company
that has) a rating of its senior debt obligations of not less than BBB+ by S&P or “Baa-1” by Moody’s or a comparable rating by a rating agency acceptable to Global Administrative Agent and (ii) has total assets in excess of
$10,000,000,000 or (c) any other Person approved by Prologis, Global Administrative Agent and the applicable Funding Agent. 

“Qualified Institutional Investor” (tekikaku kikan toshika) has the meaning assigned thereto in Article 2, Paragraph
3, item 1 of the Financial Instruments and Exchange Law (kinyu shohin torihiki ho) of Japan (Law No. 25 of 1948), Article 10, Paragraph 1 of the regulations relating to the definitions contained in such Article 2. 

  
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 “Qualified Lenders” means any of the U.S. Qualified Lenders, the Euro Qualified
Lenders and the Yen Qualified Lenders. 
 “RBS plc” means The Royal Bank of Scotland plc and its successors. 

“Reallocation Effective Date” has the meaning specified in Section 6.12.2. 

“Recourse Debt” means, for any Person, any Indebtedness that is not Non-Recourse Debt. 

“Reference Banks” means the principal London offices of Wells Fargo Bank, N.A. and JPMorgan or any successor to any of the
foregoing selected by Euro Funding Agent (in consultation with Prologis). 
 “Register” has the meaning specified in
Section 14.6.3. 
 “Registered Public Accounting Firm” has the meaning specified in the Securities Laws and
shall be independent of Prologis as prescribed by the Securities Laws. 
 “REIT” means a “real estate investment
trust” for purposes of the Code. 
 “Related Parties” means, with respect to any Person, such Person’s
Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 

“Relevant Equivalent” has the meaning specified in Section 5.9. 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day
notice period has been waived. 
 “Request for Credit Extension” means a request hereunder for a Credit Extension. 

“Requested Tranche” has the meaning specified in Section 6.11.1. 

“Required Lenders” means, as of any date of determination, Lenders having more than 50% of the Dollar Equivalent amount of
the Aggregate Tranche Commitments or, if the Aggregate Tranche Commitments have terminated, Lenders holding in the aggregate more than 50% of the Dollar Equivalent amount of the Total Global Outstandings (with the aggregate amount of each
Lender’s risk participation and funded participation in L/C Obligations, Fronting Loans and Swing Line Loans being deemed “held” by such Lender for purposes of this definition); provided that the Commitment of, and the portion
of the Total Global Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 

“Responsible Officer” means the chief executive officer, the president, the chief financial officer, a representative
director, any vice president, the treasurer or any assistant treasurer of a Loan Party and, solely for purposes of notices given pursuant to Articles II, III, IV and V, any other officer or employee of the applicable Loan
Party so designated by any of the foregoing 

  
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officers in a notice to Global Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been
authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to
any capital stock or other Equity Interest of any Company, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation
or termination of any such capital stock or other Equity Interest, or on account of any return of capital to any Company’s stockholders, partners or members (or the equivalent). 

“Revaluation Date” means (a) with respect to any Eurocurrency Rate Loan, CDOR Rate Loan or Substitute Rate Loan or L/C
Obligations denominated in an Alternative Currency, the first Business Day of each calendar month, and (b) such additional dates as Global Administrative Agent, any Funding Agent or any L/C Issuer shall reasonably determine or the Required
Lenders shall reasonably require. 
 “S&P” means Standard & Poor’s Financial Services LLC, a subsidiary
of McGraw-Hill Financial, Inc. (or any successor thereof), or, if S&P no longer publishes ratings, then another ratings agency selected by Prologis and reasonably acceptable to Global Administrative Agent. 

“S&P Rating” means the most recently-announced rating from time to time of S&P assigned to any class of long-term
senior, unsecured debt securities issued by Prologis, as to which no letter of credit, guaranty or third party credit support is in place, regardless of whether any of such Indebtedness has been issued at the time such rating was issued. 

“Same Day Funds” means (a) with respect to disbursements and payments in the Primary Currency of the applicable Tranche,
immediately available funds, and (b) with respect to disbursements and payments in an Alternative Currency of the applicable Tranche, same day or other funds as may be determined by the applicable Funding Agent or applicable L/C Issuer, as the
case may be, to be customary in the place of disbursement or payment for the settlement of international banking transactions in the relevant Alternative Currency. 

“Sanctioned Country” means, at any time, a country, region or territory that is the subject or target of comprehensive
Sanctions (which, as of the date of this Agreement, are Crimea, Cuba, Iran, North Korea, Sudan and Syria). 
 “Sanctioned
Lender” means a Lender that is a Sanctioned Person. 
 “Sanctioned Person” means, at any time, (a) any Person
listed in any Sanctions-related list of designated Persons maintained by any Sanctions Authority, (b) any Person operating, organized or resident in a Sanctioned Country in violation of Sanctions or (c) any Person more than 20% owned or
controlled by any one or more Persons described in the foregoing clauses (a) or (b). 

  
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 “Sanctions” means economic or financial sanctions or trade embargoes imposed,
administered or enforced from time to time by any applicable Sanctions Authority. 
 “Sanctions Authority” means each of
the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the United Nations Security Council, the European Union, and Her Majesty’s Treasury of the United Kingdom. 

“Sarbanes-Oxley” means the Sarbanes-Oxley Act of 2002. 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “Secured Debt” means, for any Person, Indebtedness of such Person secured by any Liens (other than Permitted
Liens) in any of such Person’s Properties or other material assets. 
 “Securities Laws” means the Securities Act of
1933, the Securities Exchange Act of 1934, Sarbanes-Oxley and the applicable accounting and auditing principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the Public Company Accounting Oversight Board. 

“Security Documents” means with respect to each U.S. Bond L/C, the trust indenture entered into in connection with such U.S.
Bond L/C, and such other agreements and documents delivered by the Issuer (as defined in the applicable U.S. Bond L/C) and the applicable Trustee, pursuant to which such Issuer’s interest in the Trust Estate, Revenues (each as defined in the
applicable trust indenture) and similar items and, upon payment in full of the applicable Bonds, such Trustee’s interest in the applicable Bond Documents, are assigned to a collateral agent as security for payment of such Bonds. 

“Settlement Debt” means, for any Person, tax liabilities of such Person payable in installments in connection with a
settlement agreement with the relevant taxing authority. 
 “Shareholders’ Equity” means, as of any date of
determination, consolidated shareholders’ equity of Prologis and its Consolidated Subsidiaries as of that date. 
 “Short Term
Affiliate Borrower” means any Affiliate Borrower that (a) will not request any Committed Loans, (b) assumes only Outstanding Amounts of another Borrower and (c) repays such Outstanding Amounts within 30 days after it assumes
such Outstanding Amounts. 
 “SMBC” means Sumitomo Mitsui Banking Corporation, and it successors. 

“Solvent” means, as to a Person, that (a) the aggregate fair market value of its assets exceeds its Liabilities,
(b) it has sufficient cash flow to enable it to pay its Liabilities as they mature and (c) it does not have unreasonably small capital to conduct its businesses. 

“Specified Type” has the meaning specified in Section 5.3.1. 

“Spot Rate” for a currency means the rate that appears on the relevant screen page on Bloomberg’s (Screen FXC) for cross
currency rates with respect to such currency two Business 

  
 39 








 
Days prior to the date on which the foreign exchange computation is made; provided that if such page ceases to be available, such other page for the purpose of displaying cross currency
rates as Global Administrative Agent, the applicable Funding Agent or the applicable L/C Issuer, as applicable, may determine, in its reasonable discretion. 

“Stabilized Industrial Properties” means, as of any date, Industrial Properties that have a Stabilized Occupancy Rate as of
the first day of the most recent fiscal quarter of Prologis for which information is available. 
 “Stabilized Occupancy
Rate” means, as of any date for any Property, that the percentage of the rentable area of such Property leased pursuant to bona fide tenant leases, licenses or other agreements requiring current rent or other similar payments, is at least
90% or such higher percentage as Prologis requires internally, consistent with past practices, to classify as a stabilized Property of the relevant type in the relevant market. 

“Sterling” and “£” mean the lawful currency of the United Kingdom. 

“Substitute Rate” means (a) the Applicable Margin plus (b) (i) to the extent requested by Euro Funding
Agent or Prologis, a negotiated rate agreed to by Prologis, Euro Funding Agent and each Euro Lender or (ii) to the extent that a negotiated rate is not requested or agreed to by the applicable parties, the rate per annum determined by Euro
Funding Agent to be the highest (rounded upwards, if necessary, to four decimal places) of the rates notified by the Reference Banks to Euro Funding Agent before the last day of the applicable Interest Period to be those which express as a
percentage rate per annum the cost to each such Reference Bank of funding its Loans from whatever sources it may reasonably select during such Interest Period. 

“Substitute Rate Loan” means a Euro Committed Loan that bears interest at a rate based on the Substitute Rate. 

“Supplemental Addendum” has the meaning specified in Section 6.14.2. 

“Supplemental Aggregate Commitments”, “Supplemental Borrowers”, “Supplemental Commitments”,
“Supplemental Committed Borrowing”, “Supplemental Committed Loan” “Supplemental Committed Loan Notice”, “Supplemental Funding Agent”, “Supplemental Funding Agent’s
Office”, “Supplemental L/C Obligations”, “Supplemental Lenders”, “Supplemental Letter of Credit”, “Supplemental Letter of Credit Fee”, “Supplemental Letter of
Credit Issuer”, “Supplemental Letter of Credit Sublimit”, “Supplemental Loans”, “Supplemental Outstanding Amount”, “Supplemental Rate Loan”, “Supplemental Required
Lenders”, “Supplemental Swing Line Borrowing”, “Supplemental Swing Line Lender”, “Supplemental Swing Line Loans” and “Supplemental Swing Line Sublimit” have the respective
meanings (if any), with respect to any Supplemental Tranche, as set forth in the applicable Supplemental Addendum. 
 “Supplemental
Primary Location” means, with respect to any Supplemental Tranche, the primary jurisdiction of each Supplemental Borrower under such Supplemental Tranche as designated in the applicable Supplemental Addendum. 

“Supplemental Tranche” has the meaning specified in Section 6.14.1. 

  
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 “Supplemental Tranche Effective Date” has the meaning specified in
Section 6.14.4. 
 “Supplemental Tranche Request” has the meaning specified in Section 6.14.1. 

“Swap Contract” means (a) all rate swap transactions, basis swaps, credit derivative transactions, forward rate
transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions,
interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts or any other similar
transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) all transactions of any kind, and
the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement or
any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any
legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and
(b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided
by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 
 “Swing Line
Borrowings” means, collectively, U.S. Swing Line Borrowings, Euro Swing Line Borrowings and each Supplemental Swing Line Borrowing. 

“Swing Line Lenders” means, collectively, U.S. Swing Line Lenders, Euro Swing Line Lenders and Supplemental Swing Line
Lenders; and “Swing Line Lender” means any Swing Line Lender. 
 “Swing Line Loans” means, collectively,
the U.S. Swing Line Loans, the Euro Swing Line Loans and the Supplemental Swing Line Loans; and “Swing Line Loan” means any of the Swing Line Loans. 

“Swing Line Sublimit” means any of the U.S. Swing Line Sublimit, the Euro Swing Line Sublimit or any Supplemental Swing Line
Sublimit. 
 “TARGET Day” means any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer
(TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) determined by Global Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro. 

  
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 “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Total Asset Value” means, as of any date for the Companies on a consolidated basis, the total (without duplication) of the
following: 
 (a) the quotient of (i) the sum of the most recent fiscal quarter’s NOI from Stabilized Industrial
Properties multiplied by four, divided by (ii) the applicable Capitalization Rate; provided that, notwithstanding the foregoing, (A) any Investments in Stabilized Industrial Properties acquired from Property Funds less than 24
months prior to such date of determination shall be included at 100% of the undepreciated book value of such Property and (B) any other Investments in Stabilized Industrial Properties acquired less than 12 months prior to such date of
determination shall be included at 100% of the undepreciated book value of such Property; plus 
 (b) for any Transition
Property, the greater of (i) the quotient of (a) the most recent fiscal quarter’s NOI from such Property multiplied by four divided by (b) the applicable Capitalization Rate or (ii) 100% of the undepreciated book value of
such Property; plus 
 (c) the amount of all other Investments in Properties under construction, Non-Industrial Properties,
notes receivable backed by real estate and Properties subject to a ground lease with a Person that is not an Affiliate of Prologis, as lessee, each on an undepreciated book basis; plus 

(d) the book value of raw land; plus 

(e) the book value of the Companies’ Investments in Unconsolidated Affiliates; plus 

(f) the product of (A) management fee income of the Companies (prior to deduction of amortization related to investment
management contracts) for the most recent fiscal quarter multiplied by (B) four, multiplied by (C) eight; plus 

(g) the value, if positive, of the Companies’ Swap Contracts, excluding interest rate contracts entered into to hedge
Indebtedness, net of obligations owing by the Companies under non-excluded Swap Contracts; plus 
 (h) to the extent not
included in clauses (a) through (g) above, (i) restricted funds that are held in escrow pending the completion of tax-deferred exchange transactions involving operating Properties, (ii) infrastructure costs related
to projects that a Company is developing on behalf of others, (iii) costs incurred related to future development projects, including purchase options on land, (iv) the corporate office buildings of Prologis and its Subsidiaries and
(v) earnest money deposits associated with potential acquisitions; plus 

  
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 (i) cash and Cash Equivalents; minus 

(j) the amount, if any, by which the amount in clause (e) above exceeds 15% of the sum of clauses
(a) through (i) above. 
 For the avoidance of doubt, with respect to each of clauses (b) through (j) (other
than clause (f)) above, impairments pursuant to GAAP shall be included. 
 “Total Global Outstandings” means the
aggregate Outstanding Amount of all Loans and all L/C Obligations. 
 “Total Tranche Outstandings” means, as applicable,
the U.S. Total Outstandings, the Euro Total Outstandings, the Yen Total Outstandings or any Supplemental Outstanding Amount. 

“Tranche Required Lenders” means, as applicable, the U.S. Required Lenders, the Euro Required Lenders, the Yen Required
Lenders or any Supplemental Required Lenders. 
 “Tranches” means, collectively, the U.S. Tranche, the Euro Tranche, the
Yen Tranche and each Supplemental Tranche; and “Tranche” means any of the Tranches. 
 “Transition
Properties” means, as of any date, Industrial Properties that have been completed but are not Stabilized Industrial Properties. 

“Trigger Date” means the earliest to occur of: (a) the date on which the Obligations have been accelerated in accordance
with the terms hereof; (b) the date that is ten Business Days after the date on which any principal of any Loan becomes due and payable in accordance with the terms hereof, other than as a result of an acceleration thereof (but only if the same
remains outstanding on such date); and (c) the date on which an Event of Default described in Section 12.1.6 occurs; provided that the Trigger Date shall not occur as a result of such an Event of Default if such Event of
Default pertains to a Borrower other than Prologis and, within ten Business Days of the occurrence of such Event of Default, Required Lenders notify Prologis that such Event of Default does not result in the occurrence of the Trigger Date. 

“Trigger Event” means occurrence of any of the following events: (a) the acceleration of the Obligations pursuant to
Section 12.2 (unless such acceleration has been rescinded in accordance with the terms hereof); (b) any Event of Default under Section 12.1.6 with respect to General Partner or Prologis; and (c) the occurrence and
continuance of any other Event of Default and receipt by Global Administrative Agent of notice (which has not been rescinded) from Tranche Required Lenders under any Tranche demanding that all payments be subject to the sharing arrangements
described in Section 6.9.2. 
 “Trustee” means any Trustee designated as the beneficiary of a U.S. Bond L/C.

 “Type” means (a) with respect to a U.S. Committed Loan, its character as a Base Rate Loan (for a Dollar denominated
U.S. Committed Loan), a Eurocurrency Rate Committed Loan or a CDOR Rate Loan (for a Canadian Dollar denominated U.S. Committed Loan), (b) with respect to a Euro Committed Loan, its character as a Eurocurrency Rate Committed Loan or a
Substitute Rate Loan, (d) with respect to a Yen Committed Loan, its character as a Eurocurrency Rate 

  
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Committed Loan, a Base Rate Loan (for a Dollar denominated Yen Committed Loan) or an ABR Rate Loan (for a Yen denominated Yen Committed Loan), and (e) with respect to a Bid Loan, its
character as an Absolute Rate Loan or a Eurocurrency Margin Bid Loan. 
 “Unconsolidated Affiliate” means any Person in
which Prologis directly or indirectly holds Equity Interests but which is not consolidated under GAAP with Prologis on the consolidated financial statements of Prologis. 

“Unencumbered Capital Expenditures” means, for any period, the total for such period of the Capital Expenditures associated
with all Unencumbered Properties (except for Unencumbered Properties where the tenant is responsible for capital expenditures). 

“Unencumbered Debt Service” means, for any period, the total for such period of all Debt Service in respect of all Unsecured
Debt of the Companies. 
 “Unencumbered Debt Service Coverage Ratio” means, as of the last day of any fiscal quarter, the
ratio of (a) Unencumbered NOI minus Unencumbered Capital Expenditures to (b) Unencumbered Debt Service, in each case for the four fiscal quarters ending on the date of determination. 

“Unencumbered NOI” means, for any period, the total for such period of (a) the NOI of all Unencumbered Properties;
provided that this clause (a) shall not include any NOI that is subject to any Lien (other than Permitted Liens); plus (b) the management fees of the Companies that are not subject to any Lien (other than Permitted
Liens) less related expenses; plus (c) Allowed Unconsolidated Affiliate Earnings that are not subject to any Lien (other than Permitted Liens); minus (d) the amount, if any, by which the sum of the amounts of clauses
(b) and (c) above exceeds 40% of the sum of the amounts of clauses (a), (b) and (c) above. 

“Unencumbered Property” means any Property that is (a) owned directly or indirectly by a Company, (b) not subject
to a Lien that secures Indebtedness of any Person (other than Permitted Liens) and (c) not subject to any negative pledge that would prohibit any pledge of such asset to Global Administrative Agent; provided that the provisions of
Section 1013 of the Existing Indenture, and any similar requirement for the grant of an equal and ratable lien in connection with a pledge of any asset to Global Administrative Agent, shall not constitute a negative pledge. 

“Unfunded Euro Swing Line Amount” has the meaning specified in Section 3.5.3(c). 

“Unfunded U.S. Swing Line Amount” has the meaning specified in Section 2.5.3(c). 

“United States” and “U.S.” mean the United States of America. 

“Unreimbursed Amounts” means, collectively, the U.S. Unreimbursed Amount, the Euro Unreimbursed Amounts and the Yen
Unreimbursed Amounts. 
 “Unrestricted Cash” means cash and Cash Equivalents that are not subject to any pledge, lien or
control agreement, less (a) $10,000,000, (b) amounts normally and customarily set aside by Prologis for operating capital and interest reserves and (c) amounts placed with third parties as deposits or security for contractual
obligations. 

  
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 “Unsecured Debt” means, for any Person, Indebtedness of such Person that is not
Secured Debt. 
 “U.S. Absolute Rate Loan” means a U.S. Bid Loan that bears interest at a rate determined with reference to
an Absolute Rate. 
 “U.S. Aggregate Commitments” means, at any time, all of the U.S. Commitments of U.S. Qualified Lenders
and U.S. Non-Qualified Lenders; provided that the U.S. Aggregate Commitments shall not include the Fronting Commitments. 

“U.S. Bid Borrowing” means a borrowing consisting of simultaneous U.S. Bid Loans of the same Type from each of the U.S.
Lenders whose offer to make one or more U.S. Bid Loans as part of such borrowing has been accepted under the auction bidding procedures described in Section 2.7. 

“U.S. Bid Loan” has the meaning specified in Section 2.7.1. 

“U.S. Bid Loan Lender” means, in respect of any U.S. Bid Loan, the U.S. Lender making such U.S. Bid Loan to the applicable
U.S. Borrower. 
 “U.S. Bid Loan Sublimit” means the lesser of (a) $300,000,000 (as such amount may be increased or
decreased pursuant to Section 6.12.3) and (b) the U.S. Aggregate Commitments. The U.S. Bid Loan Sublimit is part of, and not in addition to, the U.S. Aggregate Commitments. 

“U.S. Bid Request” means a written request for one or more U.S. Bid Loans substantially in the form of Exhibit J-2 or
such other form as may be approved by U.S. Funding Agent (including any form on an electronic platform or electronic transmission system as shall be approved by U.S. Funding Agent), appropriately completed and signed by a Responsible Officer of the
applicable Borrower. 
 “U.S. Bond L/Cs” means all U.S. Letters of Credit issued by any U.S. L/C Issuer at the request of a
Domestic Borrower under the U.S. Tranche, for the benefit of any Company, in support of the Bonds issued by any issuer of tax-exempt bonds, which U.S. Letters of Credit satisfy the conditions set forth in Section 5.13.1, and renewals or
extensions thereof. 
 “U.S. Borrower” means each Borrower listed under the heading “U.S. Tranche” on
Schedule 2.3(a) and any other Borrower added to the U.S. Tranche pursuant to Section 6.11. 
 “U.S.
Commitment” means, as to each U.S. Lender, its obligation to (a) make U.S. Committed Loans to U.S. Borrowers pursuant to Section 2.1, (b) purchase participations in U.S. Fronting Loans to the extent such U.S. Lender is
a U.S. Non-Qualified Lender, (c) purchase participations in U.S. L/C Obligations and (d) purchase participations in U.S. Swing Line Loans, in the Dollar Equivalent aggregate principal amount at any one time outstanding not to exceed the
amount set forth opposite such U.S. Lender’s name on the most recent Schedule 2.1(a), as prepared by Global Administrative Agent or U.S. Funding Agent (or if the applicable assignment occurred after such preparation, in the most recent
Assignment and Assumption to which such U.S. Lender is a party), as such amount may be adjusted from time to time in accordance with this Agreement. 

  
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 “U.S. Committed Borrowing” means a borrowing consisting of simultaneous U.S.
Committed Loans of the same Type and, in the case of Eurocurrency Rate Loans and CDOR Rate Loans, having the same Interest Period made by each U.S. Lender (other than the applicable U.S. Non-Qualified Lenders) pursuant to Section 2.1.

 “U.S. Committed Loan” has the meaning specified in Section 2.1, and shall include any U.S. Fronting Loans
made in connection with a U.S. Committed Borrowing. 
 “U.S. Committed Loan Notice” means a notice of (a) a U.S.
Committed Borrowing, (b) a conversion of U.S. Committed Loans denominated in Dollars from one Type of Dollar-denominated Loans to the other or (c) a continuation of Eurocurrency Rate Committed Loans or CDOR Rate Loans, pursuant to
Section 2.3.1, which shall be substantially in the form of Exhibit A-1 or such other form as may be approved by U.S. Funding Agent (including any form on an electronic platform or electronic transmission system as shall be
approved by U.S. Funding Agent), appropriately completed and signed by a Responsible Officer of the applicable Borrower. 
 “U.S.
Competitive Bid” means a written offer by a U.S. Lender to make one or more U.S. Bid Loans, substantially in the form of Exhibit K-2 (including any form on an electronic platform or electronic transmission system as shall be approved
by U.S. Funding Agent), duly completed and signed by such U.S. Lender. 
 “U.S. Credit Exposure” means, for any U.S. Lender
at any time, the aggregate U.S. Outstanding Amount of all U.S. Committed Loans (other than U.S. Fronting Loans) of such U.S. Lender plus such U.S. Lender’s Applicable Tranche Percentage of the U.S. Outstanding Amount of all U.S. L/C
Obligations and all U.S. Swing Line Loans plus, as to any U.S. Non-Qualified Lenders, the U.S. Outstanding Amount of such U.S. Lender’s participation in all applicable U.S. Fronting Loans. 

“U.S. Credit Extension” means each of the following: (a) a U.S. Committed Borrowing, (b) U.S. Swing Line Borrowing
and (c) a U.S. L/C Credit Extension. 
 “U.S. Eurocurrency Margin Bid Loan” means a U.S. Bid Loan that bears interest
at a rate based upon the Eurocurrency Rate. 
 “U.S. Existing Letters of Credit” means the letters of credit outstanding on
the date hereof and described on Schedule 2.4(a). 
 “U.S. Fronting Loan” has the meaning specified in
Section 2.2.1. 
 “U.S. Funding Agent” means Bank of America, in its capacity as U.S. funding agent under the
Loan Documents, or any successor thereof. 

  
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 “U.S. Funding Agent’s Office” means, with respect to the U.S. Tranche, U.S.
Funding Agent’s Office address and, as appropriate, account as set forth on Schedule 14.2 with respect to the U.S. Tranche, or (subject to Section 14.2.5) such other address or account with respect to the U.S. Tranche as U.S.
Funding Agent may from time to time notify to Prologis, Global Administrative Agent, the other Funding Agents and U.S. Lenders. 

“U.S. L/C Borrowing” means an extension of credit resulting from a drawing under any U.S. Letter of Credit which has not been
reimbursed on the date when made or refinanced as a U.S. Committed Borrowing. All U.S. L/C Borrowings shall be denominated in Dollars. 

“U.S. L/C Credit Extension” means, with respect to any U.S. Letter of Credit, the issuance thereof, the extension of the
expiry date thereof or the increase of the amount thereof. 
 “U.S. L/C Issuers” means (a) Bank of America, in its
individual capacity as a bank issuing U.S. Letters of Credit hereunder, (b) JPMorgan, in its individual capacity as a bank issuing U.S. Letters of Credit hereunder, and (c) any other U.S. Lender, in its individual capacity, approved by
Global Administrative Agent and U.S. Funding Agent, that agrees to issue U.S. Letters of Credit hereunder, including each issuer of a U.S. Existing Letter of Credit; and “U.S. L/C Issuer” means any one of the U.S. L/C Issuers. 

“U.S. L/C Obligations” means, as of any date of determination, the aggregate amount available to be drawn under all
outstanding U.S. Letters of Credit (including any reinstatement of or increase in the face amount thereof which may be reflected pursuant to the terms of any U.S. Bond L/C) plus the aggregate of all U.S. Unreimbursed Amounts, including all
U.S. L/C Borrowings (including all U.S. L/C Borrowings and unpaid reimbursement obligations under any U.S. Bond L/C). 
 “U.S.
Lender” means each Lender listed on Schedule 2.1(a) and any Person that becomes a U.S. Lender pursuant to Section 6.13, in each case including such Person’s successors and permitted assigns. 

“U.S. Letter of Credit” means any standby letter of credit issued under the U.S. Tranche (including the U.S. Existing Letters
of Credit). U.S. Letters of Credit may only be issued in Dollars and Canadian Dollars. 
 “U.S. Letter of Credit Sublimit”
means an amount equal to the lesser of (a) $75,000,000 and (b) the U.S. Aggregate Commitments. The U.S. Letter of Credit Sublimit is part of, and not in addition to, the U.S. Commitments. 

“U.S. Loan” means an extension of credit by a Lender to a Borrower under Article II in the form of a U.S. Committed
Loan, a U.S. Swing Line Loan or a U.S. Bid Loan. 
 “U.S. Non-Qualified Lender” means a U.S. Lender that is not a U.S.
Qualified Lender. 
 “U.S. Outstanding Amount” means: (a) with respect to U.S. Committed Loans (other than U.S.
Fronting Loans), the aggregate outstanding Dollar Equivalent principal amount thereof after giving effect to any borrowings and repayments of U.S. Committed Loans; (b) with respect to U.S. Fronting Loans, the aggregate outstanding Dollar
Equivalent principal amount thereof after giving effect to any borrowings and repayments of U.S. Fronting Loans; (c) with respect to U.S. Swing Line Loans, the aggregate outstanding Dollar Equivalent principal amount thereof after


  
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giving effect to any borrowings and repayments of U.S. Swing Line Loans; (d) with respect to U.S. Bid Loans, the aggregate outstanding principal amount thereof after giving effect to any
borrowings and repayments of U.S. Bid Loans; and (e) with respect to any U.S. L/C Obligations, the aggregate outstanding Dollar Equivalent principal amount thereof after giving effect to any U.S. L/C Credit Extension occurring on such date and
any other change in the outstanding amount of the U.S. L/C Obligations on such date, including as a result of any reimbursement by any U.S. Borrower of U.S. Unreimbursed Amounts. 

“U.S. Qualified Lender” means, as of any date of determination, a U.S. Lender that (a) has committed hereunder to make
U.S. Committed Loans in the applicable currency requested by a U.S. Borrower to be funded under the U.S. Tranche, (b) is capable of making the requested U.S. Committed Loans to the Foreign Borrower requesting such U.S. Committed Loan without
the imposition of any withholding taxes and (c) to the extent the U.S. Borrower requesting U.S. Committed Loans is a Japan Borrower, is not a Non-Qualified Japan Lender. 

“U.S. Required Lenders” means, as of any date of determination, U.S. Lenders having more than 50% of the U.S. Aggregate
Commitments or, if the U.S. Aggregate Commitments have terminated, U.S. Lenders holding in the aggregate more than 50% of the U.S. Total Outstandings (with the aggregate amount of each U.S. Lender’s risk participation and funded participation
in U.S. L/C Obligations, U.S. Fronting Loans and U.S. Swing Line Loans being deemed “held” by such U.S. Lender for purposes of this definition); provided that the U.S. Commitment of, and the portion of the U.S. Total Outstandings
held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of U.S. Required Lenders. 

“U.S. Swing Line” means the U.S. revolving credit facility made available by the U.S. Swing Line Lenders pursuant to
Section 2.5. 
 “U.S. Swing Line Borrowing” means a borrowing of a U.S. Swing Line Loan pursuant to
Section 2.5. 
 “U.S. Swing Line Lender” means Bank of America and/or JPMorgan, in each case in its capacity as
a provider of U.S. Swing Line Loans, or any successor in such capacity. 
 “U.S. Swing Line Loan” has the meaning specified
in Section 2.5.1. 
 “U.S. Swing Line Loan Notice” means a notice of a U.S. Swing Line Borrowing pursuant to
Section 2.5.2, which shall be substantially in the form of Exhibit B-1 or such other form as may be approved by U.S. Funding Agent (including any form on an electronic platform or electronic transmission system as shall be
approved by U.S. Funding Agent), appropriately completed and signed by a Responsible Officer of the applicable Borrower. 
 “U.S.
Swing Line Sublimit” means an amount equal to the lesser of (a) $100,000,000 and (b) the U.S. Aggregate Commitments. The U.S. Swing Line Sublimit is part of, and not in addition to, the U.S. Aggregate Commitments. 

  
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 “U.S. Total Outstandings” means the aggregate U.S. Outstanding Amount of all
U.S. Committed Loans (including all U.S. Fronting Loans), all U.S. Swing Line Loans, all U.S. Bid Loans and all U.S. L/C Obligations. 

“U.S. Tranche” means the U.S. credit facility described in Article II hereof. 

“U.S. Unreimbursed Amount” means any unreimbursed amounts under Section 5.3 with respect to a U.S. Letter of
Credit. 
 “Wholly-owned” when used in connection with any Consolidated Subsidiary of any Person shall mean a Consolidated
Subsidiary of which all of the issued and outstanding shares of Equity Interests shall be owned by such Person or one or more of its Wholly-owned Consolidated Subsidiaries. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

“Yen” and “¥” mean the lawful currency of Japan. 

“Yen Aggregate Commitments” means, at any time, all of the Yen Commitments of Yen Qualified Lenders and Yen Non-Qualified
Lenders, provided that the Yen Aggregate Commitments shall not include the Fronting Commitments. 
 “Yen Borrower”
means each Borrower listed under the heading “Yen Tranche” on Schedule 2.3(c) and any other Borrower added to the Yen Tranche pursuant to Section 6.11. 

“Yen Commitment” means, as to each Yen Lender, its obligation to (a) make Yen Committed Loans to Yen Borrowers pursuant
to Section 4.1, (b) purchase participations in Yen Fronting Loans to the extent such Yen Lender is a Yen Non-Qualified Lender and (c) purchase participations in Yen L/C Obligations, in the Yen Equivalent aggregate principal
amount at any one time outstanding not to exceed the amount set forth opposite such Yen Lender’s name on the most recent Schedule 2.1(c), prepared by Global Administrative Agent or Yen Funding Agent (or if the applicable assignment
occurred after such preparation, in the most recent Assignment and Assumption to which such Yen Lender is a party), as such amount may be adjusted from time to time in accordance with this Agreement. 

“Yen Committed Borrowing” means a borrowing consisting of simultaneous Yen Committed Loans of the same Type and, in the case
of Eurocurrency Rate Loans, having the same Interest Period made by each Yen Lender (other than the applicable Yen Non-Qualified Lenders) pursuant to Section 4.1. 

“Yen Committed Loan” has the meaning specified in Section 4.1, and shall include any Yen Fronting Loans made in
connection with a Yen Committed Borrowing. 
 “Yen Committed Loan Notice” means a notice of (a) a Yen Committed
Borrowing, (b) a conversion of Yen Committed Loans from one Type to the other or (c) a continuation of 

  
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Eurocurrency Rate Committed Loans, pursuant to Section 4.3.1, which shall be substantially in the form of Exhibit A-3 or such other form as may be approved by Yen Funding Agent
(including any form on an electronic platform or electronic transmission system as shall be approved by Yen Funding Agent), appropriately completed and signed by a Responsible Officer of the applicable Borrower. 

“Yen Credit Exposure” means, for any Yen Lender at any time, the aggregate Yen Outstanding Amount of all Yen Committed Loans
(other than Yen Fronting Loans) of such Yen Lender plus such Yen Lender’s Applicable Tranche Percentage of the Yen Outstanding Amount of all Yen L/C Obligations plus, as to any Yen Non-Qualified Lenders, the Yen Outstanding Amount
of such Yen Lender’s participation in all applicable Yen Fronting Loans. 
 “Yen Credit Extension” means each of the
following: (a) a Yen Committed Borrowing, and (b) a Yen L/C Credit Extension. 
 “Yen Equivalent” means, at any
time, (a) with respect to any amount denominated in Yen, such amount, and (b) with respect to any amount denominated in any Alternative Currency under the Yen Tranche, the equivalent amount thereof in Yen as determined by Yen Funding Agent
or the applicable Yen L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (as of the most recent Revaluation Date) for the purchase of Yen with such Alternative Currency. 

“Yen Existing Letters of Credit” means the letters of credit outstanding on the date hereof and described on
Schedule 2.4(c). 
 “Yen Fronting Loan” has the meaning specified in Section 4.2.1. 

“Yen Funding Agent” means SMBC, in its capacity as Yen funding agent under the Loan Documents, or any successor in such
capacity. 
 “Yen Funding Agent’s Office” means, with respect to the Yen Tranche, Yen Funding Agent’s Office
address and, as appropriate, account as set forth on Schedule 14.2 with respect to the Yen Tranche, or (subject to Section 14.2.5) such other address or account with respect to the Yen Tranche as Yen Funding Agent may from time to
time notify to Prologis, Global Administrative Agent, the other Funding Agents and Yen Lenders. 
 “Yen L/C Borrowing”
means an extension of credit resulting from a drawing under any Yen Letter of Credit which has not been reimbursed on the date when made or refinanced as a Yen Committed Borrowing. All Yen L/C Borrowings shall be denominated in Yen. 

“Yen L/C Credit Extension” means, with respect to any Yen Letter of Credit, the issuance thereof, the extension of the expiry
date thereof or the increase of the amount thereof. 
 “Yen L/C Issuers” means SMBC, in its individual capacity as a bank
issuing Letters of Credit hereunder, and any other Yen Lender, in its individual capacity, approved by Global Administrative Agent and Yen Funding Agent, that agrees to issue Yen Letters of Credit hereunder, including each issuer of a Yen Existing
Letter of Credit; and “Yen L/C Issuer” means any one of Yen L/C Issuers. 

  
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 “Yen L/C Obligations” means, as at any date of determination, the aggregate
amount available to be drawn under all outstanding Yen Letters of Credit plus the aggregate of all Yen Unreimbursed Amounts, including all Yen L/C Borrowings. 

“Yen Lender” means each Lender listed on Schedule 2.1(c) and any Person that becomes a Yen Lender pursuant to
Section 6.13, in each case including such Person’s successors and permitted assigns; provided that such Person and its permitted successors or assigns in each case is a Qualified Institutional Investor who does not come under
the definition of “money lender” under paragraph 2 of article 2 of Money Lending Business Act (Kashikin Gyo Hou, Act No. 32 of 1983, as amended). 

“Yen Letter of Credit” means any standby letter of credit issued under the Yen Tranche (including the Yen Existing Letters of
Credit). Yen Letters of Credit may only be issued in Yen. 
 “Yen Letter of Credit Sublimit” means an amount equal to
the lesser of (a) ¥2,150,000,000 and (b) the Yen Aggregate Commitments. The Yen Letter of Credit Sublimit is part of, and not in addition to, the Yen Aggregate Commitments. 

“Yen Non-Qualified Lender” means a Yen Lender that is not a Yen Qualified Lender. 

“Yen Outstanding Amount” means: (a) with respect to Yen Committed Loans (other than Yen Fronting Loans), the aggregate
outstanding Yen Equivalent principal amount thereof after giving effect to any borrowings and repayments of Yen Committed Loans; (b) with respect to Yen Fronting Loans, the aggregate outstanding Yen Equivalent principal amount thereof after
giving effect to any borrowings and repayments of Yen Fronting Loans; and (c) with respect to any Yen L/C Obligations, the aggregate outstanding Yen Equivalent principal amount thereof after giving effect to any Yen L/C Credit Extension
occurring on such date and any other change in the outstanding amount of the Yen L/C Obligations on such date, including as a result of any reimbursement by any Yen Borrower of Yen Unreimbursed Amounts. 

“Yen Qualified Lender” means, as of any date of determination, a Yen Lender that (a) has committed hereunder to make Yen
Committed Loans in the applicable currency requested by a Yen Borrower to be funded under the Yen Tranche, (b) is capable of making the requested Yen Committed Loans to the applicable Foreign Borrower requesting such Yen Committed Loan without
the imposition of any withholding taxes, (c) has not provided written notice to Global Administrative Agent and Yen Funding Agent that it cannot make Yen Committed Loans that are ABR Rate Loans; provided that if a Lender fails to
constitute a Yen Qualified Lender solely because it fails to meet clause (c), such Lender shall be considered a Yen Qualified Lender for all purposes other than a request for a Yen Committed Borrowing consisting of ABR Rate Loans, and
(d) to the extent the Yen Borrower requesting Yen Committed Loans is a Japan Borrower, is not a Non-Qualified Japan Lender. 

“Yen Required Lenders” means, as of any date of determination, Yen Lenders having more than 50% of the Yen Aggregate
Commitments or, if the Yen Aggregate Commitments have terminated, Yen Lenders holding in the aggregate more than 50% of the Yen Total Outstandings (with the aggregate amount of each Yen Lender’s risk participation and funded participation in
Yen L/C Obligations and Yen Fronting Loans being deemed “held” by such Yen Lender for 

  
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purposes of this definition); provided that the Yen Commitment of, and the portion of the Yen Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for
purposes of making a determination of Yen Required Lenders. 
 “Yen Total Outstandings” means the aggregate Yen Outstanding
Amount of all Yen Committed Loans (including all Yen Fronting Loans) and all Yen L/C Obligations. 
 “Yen Tranche” means
the Yen credit facility as described in Article IV hereof. 
 “Yen Unreimbursed Amount” means any unreimbursed
amounts under Section 5.3 with respect to a Yen Letter of Credit. 
 Section 1.2 Other Interpretive Provisions. With
reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 
 (a) The
definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words
“include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and
effect as the word “shall.” Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) shall be construed as referring to such
agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any
reference herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import when used
in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to
refer to Articles and Sections of, and Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or
interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

(b) In the computation of periods of time from a specified date to a later specified date, the word “from” means
“from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including.” 

(c) Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the
interpretation of this Agreement or any other Loan Document. 

  
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 Section 1.3 Accounting Terms. 

Section 1.3.1 Generally. All accounting and financial terms not specifically or completely defined herein shall be construed in
conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from
time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein. 

Section 1.3.2 Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or
requirement set forth in any Loan Document, and either Prologis or the Required Lenders shall so request, Global Administrative Agent, Lenders and Prologis shall negotiate in good faith to amend such ratio or requirement to preserve the original
intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (a) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change
therein and (b) Prologis shall provide to Global Administrative Agent and each Lender financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between
calculations of such ratio or requirement made before and after giving effect to such change in GAAP. 
 Section 1.3.3 Consolidation
of Variable Interest Entities. All references herein to consolidated financial statements of the Companies or to the determination of any amount for the Companies on a consolidated basis or any similar reference shall, in each case, be deemed to
include each variable interest entity that Prologis is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable
interest entity were a Consolidated Subsidiary as defined herein. 
 Section 1.3.4 Property Funds. Notwithstanding the
foregoing, in the event of a change in GAAP resulting in Property Funds being treated as Consolidated Subsidiaries under GAAP, such Property Funds shall continue to be considered Unconsolidated Affiliates. 

Section 1.4 Exchange Rates; Currency Equivalents. 

(a) Global Administrative Agent, the applicable Funding Agent or the applicable L/C Issuer, as applicable, shall determine the Spot Rates as of
each Revaluation Date to be used for calculating the Dollar Equivalent amount, the Euro Equivalent amount and the Yen Equivalent amount of Credit Extensions and any Credit Extensions denominated in the Alternative Currency of each applicable
Tranche. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date. 

(b) Wherever in this Agreement in connection with a Committed Borrowing, conversion, continuation or prepayment of a Eurocurrency Rate Loan or
a CDOR Rate Loan, or the issuance, amendment or extension of a Letter of Credit, or a Swing Line Loan, an amount (such as a required minimum or multiple amount) is expressed in a Primary Currency of the


  
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applicable Tranche, but such Committed Borrowing, Eurocurrency Rate Loan, CDOR Rate Loan, Letter of Credit or Swing Line Loan is denominated in an Alternative Currency, such amount shall be the
relevant Foreign Currency Equivalent of such Primary Currency amount (rounded to the nearest unit of such Foreign Currency, with 0.0001 of a unit being rounded upward), as determined by the applicable Funding Agent on the applicable Revaluation Date
under and in accordance with the provisions of this Agreement. 
 Section 1.5 Change of Currency. 

(a) Each obligation of Borrowers to make a payment denominated in the national currency unit of any member state of the European Union that
adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with the EMU Legislation). If, in relation to the currency of any such member state, the basis of accrual of
interest expressed in this Agreement in respect of that currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced
by such convention or practice with effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any Committed Borrowing in the currency of such member state is outstanding immediately prior to such
date, such replacement shall take effect, with respect to such Committed Borrowing, at the end of the then current Interest Period. 
 (b)
Each provision of this Agreement shall be subject to such reasonable changes of construction as Global Administrative Agent (in consultation with any other relevant Agent and, to the extent a Default does not exist, Prologis) may from time to time
specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro. 

(c) Each provision of this Agreement also shall be subject to such reasonable changes of construction as Global Administrative Agent (in
consultation with any other relevant Agent and, to the extent a Default does not exist, Prologis) may from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices
relating to such change in currency. 
 Section 1.6 Times of Day. Unless otherwise specified, all references herein to times of
day shall be references to United States Central time (daylight or standard, as applicable). 
 Section 1.7 Determination of Letter
of Credit Amounts and Whether a Letter of Credit is Outstanding. 
 (a) Unless otherwise specified herein, the amount of a Letter of
Credit at any time shall be deemed to be the Dollar Equivalent for the U.S. Tranche of the stated amount of such U.S. Letter of Credit in effect at such time; the Euro Equivalent for the Euro Tranche of the stated amount of such Euro Letter of
Credit in effect at such time; and the Yen Equivalent for the Yen Tranche of the stated amount of such Yen Letter of Credit in effect at such time; provided that with respect to any Letter of Credit that, by its terms or the terms of any
Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the Dollar Equivalent for the U.S. Tranche,


  
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the Euro Equivalent for the Euro Tranche and the Yen Equivalent for the Yen Tranche of the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not
such maximum stated amount is in effect at such time. 
 (b) For all purposes of this Agreement, if on any date of determination a Letter of
Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

 ARTICLE II 

U.S. COMMITMENTS AND U.S. CREDIT EXTENSIONS 

Section 2.1 U.S. Committed Loans. Subject to the terms and conditions set forth herein, each U.S. Lender severally agrees to make
loans (each such loan, a “U.S. Committed Loan”) to each U.S. Borrower in Dollars or in one or more Alternative Currencies of the U.S. Tranche, subject to Section 2.2, from time to time, on any Business Day during the
Availability Period, under the U.S. Tranche, in an aggregate amount not to exceed at any time outstanding the amount of such U.S. Lender’s U.S. Commitment; provided that after giving effect to any U.S. Committed Borrowing, (a) the
U.S. Total Outstandings shall not exceed the U.S. Aggregate Commitments and (b) the U.S. Credit Exposure of any U.S. Lender shall not exceed such U.S. Lender’s U.S. Commitment. Within the limits of each U.S. Lender’s U.S. Commitment,
U.S. Borrowers may borrow under this Section 2.1, prepay under Section 2.6 and reborrow under this Section 2.1. U.S. Committed Loans denominated in Dollars may be Base Rate Loans or Eurocurrency Rate Loans, U.S.
Committed Loans denominated in Canadian Dollars may be CDOR Rate Loans and U.S. Committed Loans denominated in any other Alternative Currency may be Eurocurrency Rate Loans, as further provided herein. 

Section 2.2 U.S. Fronting Loans. 

Section 2.2.1 U.S. Fronting Loans. Subject to the terms and conditions set forth in this Section 2.2, upon a request
for a U.S. Committed Borrowing in an Alternative Currency or to a Foreign Borrower in compliance with Section 2.1, each Fronting Lender agrees, subject to the limitations set forth below, to fund its Fronting Portion of such U.S.
Committed Borrowing in the requested currency with respect to such U.S. Committed Borrowing and in the amount of each U.S. Non-Qualified Lender’s Applicable Tranche Percentage for such U.S. Committed Borrowing (each a “U.S. Fronting
Loan”), notwithstanding the fact that, after giving effect to such funding, all U.S. Fronting Loans of such Fronting Lender, when aggregated with the U.S. Credit Exposure of such Fronting Lender, may exceed the amount of such Fronting
Lender’s U.S. Commitment; provided that (a) after giving effect to any U.S. Fronting Loan, the aggregate Dollar Equivalent amount of all Fronting Loans funded by such Fronting Lender shall not exceed the Fronting Commitment of such
Fronting Lender, and (b) such Fronting Lender shall not be a U.S. Non-Qualified Lender for purposes of such U.S. Committed Borrowing. Immediately upon the making of a U.S. Fronting Loan, the applicable U.S. Non-Qualified Lender shall be deemed
to, and hereby irrevocably and unconditionally agrees to, purchase from such Fronting Lender a risk participation in 100% of such U.S. Fronting Loan. The obligation of each U.S. Non-Qualified Lender to make U.S. Committed Loans in an Alternative
Currency or to a Foreign Borrower under Section 2.1 shall be satisfied by its purchase of a risk participation in the 

  
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applicable U.S. Fronting Loan; it being understood that no U.S. Non-Qualified Lender shall be responsible for, or be deemed to be a Defaulting Lender or otherwise in breach of this Agreement as a
result of, the failure by a Fronting Lender to make a Fronting Loan in which such U.S. Non-Qualified Lender is to purchase a risk participation. Notwithstanding any other provision herein, no more than five Credit Extensions that utilize U.S.
Fronting Loans shall be made during any calendar month. 
 Section 2.2.2 Election of Fronting Lenders. (a) Upon a request
for a U.S. Committed Borrowing in accordance with Section 2.3 in an Alternative Currency or to a Foreign Borrower with respect to which there are U.S. Non-Qualified Lenders, there shall be a Fronting Lender Election. If, based on the
limitations set forth in the proviso to the first sentence of Section 2.2.1 or the last two sentences of Section 2.2.2(b) (the “U.S. Fronting Limitations”), the Fronting Commitments are not sufficient to fund
all of the requested U.S. Fronting Loans in such Alternative Currency or to such Foreign Borrower, then the applicable U.S. Borrower shall, within one Business Day after notice by U.S. Funding Agent of such insufficiency, decrease the amount of the
requested U.S. Committed Borrowing to the amount that would result in utilization of the maximum available Fronting Commitments, subject to the U.S. Fronting Limitations and, if applicable, after giving effect to the following sentence. If one or
more U.S. Lenders are U.S. Non-Qualified Lenders solely because such U.S. Lenders are not capable of making requested U.S. Committed Loans to a Foreign Borrower without the imposition of withholding taxes (each a “U.S. Specified
Lender”), such Borrower may, within one Business Day after notice by U.S. Funding Agent of the insufficiency, notify U.S. Funding Agent that it will accept responsibility for such withholding taxes with respect to such U.S. Committed
Borrowing, in which case (i) U.S. Funding Agent and the Fronting Lenders shall allocate the available Fronting Commitments (A) first, to cover any portion of such Borrowing that will not be funded by a U.S. Lender because it is a
Non-Qualified Lender for a reason other than potential withholding taxes and (B) then, to cover the remaining amount of such Borrowing, in each case up to the maximum available Fronting Commitments, subject to the U.S. Fronting Limitations,
(ii) the participations in any Fronting Loans made pursuant to clause (i)(B) above shall be allocated among the U.S. Specified Lenders pro rata according to their respective U.S. Commitments, (iii) each U.S. Specified Lender shall
fund its pro rata share of such Borrowing to the extent not funded by the Fronting Lenders and (iv) such Borrower shall pay or reimburse each U.S. Specified Lender for any withholding tax arising from such Borrowing in accordance with
Section 7.1. 
 (b) Each Non-Qualified Japan Lender with respect to the U.S. Tranche (i) represents and warrants to each
applicable Fronting Lender that (A) the purchase of a risk participation in such Fronting Loan by such Non-Qualified Japan Lender and (B) the funding of such risk participation in such Fronting Loan by such Non-Qualified Japan Lender will
not violate any applicable Law (including any Law of Japan), and (ii) agrees to indemnify such Fronting Lender for all losses, claims, damages, liabilities and related expenses (including the reasonable fees, charges and disbursements of any
counsel for such Fronting Lender) incurred by such Fronting Lender or asserted against such Fronting Lender arising from any Fronting Loan made by such Fronting Lender pursuant to Section 2.2.1. Without limiting the foregoing, no
Fronting Lender shall be obligated to make any Fronting Loan pursuant to Section 2.2.1 if such Fronting Lender determines that any representation or warranty of the applicable Non-Qualified Japan Lender in clause (i) of the
preceding sentence is not accurate. Notwithstanding the foregoing provisions of 

  
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this Section 2.2.2(b), no Fronting Lender shall make a Fronting Loan in which a Non-Qualified Japan Lender would be required to purchase a risk participation if such Non-Qualified
Japan Lender has notified such Fronting Lender at least two Business Days prior to the proposed date of borrowing (with copies to U.S. Funding Agent and Prologis) that, as a result of a Change in Law, such Lender cannot make the representation and
warranty set forth in the first sentence of this Section 2.2.2(b). 
 Section 2.2.3 Refinancing of the U.S. Fronting
Loans. 
 (a) (i) On the Trigger Date, U.S. Funding Agent shall notify each U.S. Non-Qualified Lender of its obligation to fund its
participation in each applicable U.S. Fronting Loan. Each applicable U.S. Non-Qualified Lender shall make the amount of its participation in each applicable U.S. Fronting Loan specified in such notice available to U.S. Funding Agent in Same Day
Funds for the account of the applicable Fronting Lender at U.S. Funding Agent’s Office for payments in the same currency as the applicable U.S. Fronting Loan not later than 1:00 p.m. on the Business Day specified in such notice. 

(ii) To the extent that a U.S. Non-Qualified Lender that has a risk participation in a U.S. Fronting Loan assigns all or part of its interest
in such risk participation under Section 14.6 to a U.S. Qualified Lender for purposes of such U.S. Fronting Loan, then such U.S. Qualified Lender shall make the amount of its assigned participation in such U.S. Fronting Loan available to
U.S. Funding Agent in Same Day Funds for the account of the applicable Fronting Lender at U.S. Funding Agent’s Office for payments in the same currency as the applicable U.S. Fronting Loan not later than 1:00 p.m. on the third Business Day
following the effective date of the assignment. 
 (b) If any applicable U.S. Lender fails to make available to any Fronting Lender any
amount required to be paid by such U.S. Lender pursuant to the foregoing provisions of this Section 2.2.3 by the time specified in Section 2.2.3(a), such Fronting Lender shall be entitled to recover from such U.S. Lender
(acting through U.S. Funding Agent), on demand, such amount in the same currency as the applicable U.S. Fronting Loan with interest thereon for the period from the date such payment is required to the date on which such payment is immediately
available to such Fronting Lender at a rate per annum equal to the applicable Overnight Rate from time to time in effect. A certificate of a Fronting Lender submitted to any applicable U.S. Lender (through U.S. Funding Agent) with respect to any
amount owing under this clause (b) shall be conclusive absent manifest error. 
 (c) Each applicable U.S. Lender’s
obligation to purchase and fund risk participations in U.S. Fronting Loans pursuant to this Section 2.2.3 shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim,
recoupment, defense or other right which such U.S. Lender may have against the applicable Fronting Lender, any U.S. Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of a Default or (iii) any other
occurrence, event or condition, whether or not similar to any of the foregoing. No such funding of risk participations shall relieve or otherwise impair the obligation of any U.S. Borrower to repay any Fronting Lender, together with interest as
provided herein. 

  
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 (d) At any time after any U.S. Lender has purchased and funded a risk participation in a U.S.
Fronting Loan, if the applicable Fronting Lender receives any payment on account of such U.S. Fronting Loan, such Fronting Lender will distribute to such U.S. Lender such payment (appropriately adjusted, in the case of interest payments, to reflect
the period of time during which such U.S. Lender’s participation was funded) in the same funds and currency as those received by such Fronting Lender. 

(e) If any payment received by any Fronting Lender (and paid to a U.S. Lender) in respect of principal of or interest on any U.S. Fronting
Loan is required to be returned by such Fronting Lender under any of the circumstances described in Section 14.5 (including pursuant to any settlement entered into by such Fronting Lender in its discretion), such U.S. Lender shall pay to
such Fronting Lender in the applicable currency of such Fronting Loan the amount of such payment in respect of such U.S. Fronting Loan on demand of U.S. Funding Agent, plus interest thereon from the date of such demand to the date such amount
is returned, at a rate per annum equal to the applicable Overnight Rate. U.S. Funding Agent will make such demand upon the request of the applicable Fronting Lender. The obligations of the applicable U.S. Lenders under this clause shall survive the
payment in full of the Obligations and the termination of this Agreement. 
 Section 2.2.4 Payments for Account of the applicable
Fronting Lender. Notwithstanding any other provision of this Agreement, until the applicable U.S. Lender funds its risk participation pursuant to this Section 2.2 to refinance such U.S. Lender’s applicable U.S. Fronting Loan,
all payments made hereunder in respect of the portion of any U.S. Committed Loans that was funded in part by a Fronting Lender shall be solely for the account of the applicable Fronting Lender. 

Section 2.2.5 Defaulting Lender. Notwithstanding the foregoing, no Fronting Lender shall be required to make a U.S. Fronting Loan
with respect to which there is a U.S. Non-Qualified Lender that is a Defaulting Lender at the time of the receipt by U.S. Funding Agent of the applicable U.S. Committed Loan Notice or at any time prior to the funding of such U.S. Fronting Loan. In
addition, to the extent (a) a U.S. Fronting Loan is outstanding, (b) a U.S. Non-Qualified Lender becomes a Defaulting Lender and (c) the applicable Fronting Lender makes a demand for repayment to the applicable U.S. Borrower, then
such U.S. Borrower shall repay such U.S. Fronting Loan (i) on or before the earlier of (A) 30 days following receipt of such demand or (B) the fifth day following the last day of the applicable Interest Period ending after receipt of
such demand or (ii) if no Interest Period is in effect with respect to such U.S. Fronting Loan, within ten days following receipt of such demand. If any such U.S. Fronting Loan is not repaid in full on the last day of an Interest Period (if
applicable or required under clause (i)(B) above), subject to Section 6.4.2, such U.S. Fronting Loan shall bear interest at the Money Market Rate plus the Applicable Margin until such payment is made hereunder. 

Section 2.3 U.S. Committed Borrowings, Conversions and Continuations of U.S. Committed Loans. 

Section 2.3.1 Procedures for U.S. Committed Borrowings. Each U.S. Committed Borrowing, each conversion of U.S. Committed Loans
denominated in Dollars from one Type of Dollar-denominated Loans to the other, and each continuation of Eurocurrency Rate Committed 

  
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Loans shall be made upon the requesting U.S. Borrower’s irrevocable notice to U.S. Funding Agent, which may be given by (A) telephone, or (B) a U.S. Committed Loan Notice;
provided that any telephonic notice must be confirmed immediately by delivery to U.S. Funding Agent of a U.S. Committed Loan Notice. Each such notice must be received by U.S. Funding Agent not later than 11:00 a.m. (a) three Business
Days prior to the requested date of any U.S. Committed Borrowing of, conversion to or continuation of Eurocurrency Rate Committed Loans (other than a U.S. Committed Borrowing denominated in Yen), (b) four Business Days prior to the requested
date of any U.S. Committed Borrowing denominated in Yen or any continuation of Eurocurrency Rate Committed Loans denominated in Yen, (c) three Business Days prior to the requested date of any U.S. Committed Borrowing of or continuation of CDOR
Rate Loans and (d) on the Business Day of the requested date of any U.S. Committed Borrowing of Base Rate Committed Loans or of any conversion of Eurocurrency Rate Committed Loans denominated in Dollars to Base Rate Committed Loans. Each U.S.
Committed Borrowing of, conversion to or continuation of Eurocurrency Rate Committed Loans and each U.S. Committed Borrowing of or continuation of CDOR Rate Loans shall be in a principal amount permitted by Section 6.1.1. Except as
provided in Sections 5.3 and 2.5.3, each U.S. Committed Borrowing of or conversion to Base Rate Committed Loans shall be in a principal amount permitted by Section 6.1.1. Each U.S. Committed Loan Notice shall specify
(i) the jurisdiction of the applicable U.S. Borrower and whether such Borrower is a Foreign Borrower, (ii) whether such U.S. Borrower is requesting a U.S. Committed Borrowing, a conversion of U.S. Committed Loans denominated in Dollars
from one Type of Dollar-denominated Loans to the other, or a continuation of Eurocurrency Rate Committed Loans or CDOR Rate Loans, (iii) the requested date of the U.S. Committed Borrowing, conversion or continuation, as the case may be (which
shall be a Business Day), (iv) the principal amount of U.S. Committed Loans to be borrowed, converted or continued, (v) the Type of U.S. Committed Loans to be borrowed or to which existing U.S. Committed Loans denominated in Dollars are to
be converted, (vi) if applicable, the duration of the Interest Period with respect thereto and (vii) the currency of the U.S. Committed Loans to be borrowed or continued. If the requesting U.S. Borrower fails to specify a currency in a
U.S. Committed Loan Notice requesting a U.S. Committed Borrowing, then the U.S. Committed Loans so requested shall be made in Dollars. If the requesting U.S. Borrower fails to specify a Type of U.S. Committed Loan in a U.S. Committed Loan Notice or
if the requesting U.S. Borrower fails to give a timely notice requesting a continuation, then the applicable U.S. Committed Loans shall be made as, or converted to, Base Rate Loans; provided that in the case of a failure to timely request a
continuation of U.S. Committed Loans denominated in an Alternative Currency of the U.S. Tranche, such U.S. Committed Loans shall be continued as Eurocurrency Rate Committed Loans or CDOR Rate Loans, as applicable, in their original currency with an
Interest Period of one month. Any automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Rate Committed Loans. If the requesting U.S. Borrower
requests a U.S. Committed Borrowing of, conversion to or continuation of Eurocurrency Rate Committed Loans or CDOR Rate Loans in any such U.S. Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an
Interest Period of one month. No U.S. Committed Loan may be converted into or continued as a U.S. Committed Loan denominated in a different currency, but instead must be repaid in the original currency of such U.S. Committed Loan and reborrowed in
the other currency. 

  
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 Section 2.3.2 Funding of U.S. Committed Loans. Following receipt of a U.S. Committed
Loan Notice, U.S. Funding Agent shall promptly notify each U.S. Lender of the amount and currency of its Applicable Tranche Percentage of the applicable U.S. Committed Borrowing, and if no timely notice of a conversion or continuation is provided by
the applicable U.S. Borrower, U.S. Funding Agent shall notify each U.S. Lender of the details of any automatic conversion to Base Rate Loans or continuation of U.S. Committed Loans denominated in a currency other than Dollars, in each case as
described in Section 2.3.1. In the case of a U.S. Committed Borrowing, each U.S. Qualified Lender and the applicable Fronting Lender, if any, shall make the amount of its U.S. Committed Loan available to U.S. Funding Agent in Same Day
Funds at U.S. Funding Agent’s Office for the applicable currency not later than 1:00 p.m., in the case of any U.S. Committed Loan denominated in Dollars, and not later than the Applicable Time specified by U.S. Funding Agent in the case of any
U.S. Committed Loan in an Alternative Currency under the U.S. Tranche, in each case on the Business Day specified in the applicable U.S. Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 8.2 (and,
if such U.S. Committed Borrowing is the initial Credit Extension, Section 8.1), U.S. Funding Agent shall make all funds so received available to the applicable U.S. Borrower in like funds as received by U.S. Funding Agent either by
(a) crediting the account of such U.S. Borrower on the books of U.S. Funding Agent with the amount of such funds or (b) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to)
U.S. Funding Agent by such U.S. Borrower; provided that if, on the date the U.S. Committed Loan Notice with respect to such U.S. Committed Borrowing denominated in Dollars is given by such U.S. Borrower, such U.S. Borrower has outstanding
U.S. L/C Borrowings, then the proceeds of such U.S. Committed Borrowing, first, shall be applied to the payment in full of such U.S. L/C Borrowings, and, second, shall be made available to the applicable U.S. Borrower as provided
above. 
 Section 2.3.3 Certain Continuations and Conversions. Except as otherwise provided herein, a Eurocurrency Rate
Committed Loan and a CDOR Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency Rate Committed Loan or CDOR Rate Loan, as applicable. During the existence of a Default, the U.S. Required Lenders
may, at their option, by notice to the U.S. Borrowers (which notice may be revoked at the option of the U.S. Required Lenders notwithstanding any provision of Section 14.1) declare that (a) no U.S. Loans denominated in Dollars may
be requested as, converted to or continued as Eurocurrency Rate Committed Loans, and (b) no U.S. Loans denominated in an Alternative Currency may be requested or continued as Eurocurrency Rate Committed Loans or CDOR Rate Loans, other than as
Eurocurrency Rate Committed Loans or CDOR Rate Loans, as applicable, with an Interest Period of one month. 
 Section 2.3.4 Notice
of Rates. U.S. Funding Agent shall promptly notify the applicable U.S. Borrower and U.S. Lenders of the interest rate applicable to any Interest Period for Eurocurrency Rate Committed Loans upon determination of such interest rate. At any time
that Base Rate Loans are outstanding, U.S. Funding Agent shall notify the applicable U.S. Borrower and U.S. Lenders of any change in U.S. Funding Agent’s “prime rate” used in determining the Base Rate promptly following the public
announcement of such change. 
 Section 2.3.5 Number of Interest Periods. After giving effect to all U.S. Committed Borrowings,
all conversions of U.S. Committed Loans denominated in Dollars from one Type of Dollar-denominated Loans to the other, and all continuations of U.S. Committed Loans as the same Type, there shall not be more than 12 Interest Periods in effect with
respect to U.S. Committed Loans. 

  
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 Section 2.4 U.S. Letters of Credit. Subject to the terms and conditions set forth
herein, (a) each U.S. L/C Issuer agrees, in reliance upon the agreements of U.S. Lenders set forth in this Section 2.4 and Article V, (i) from time to time on any Business Day during the Availability Period, to issue
U.S. Letters of Credit denominated in Dollars or Canadian Dollars for the account of any U.S. Borrower or any Eligible Affiliate, and to amend or extend U.S. Letters of Credit previously issued by it, in accordance with Section 5.2, and
(ii) to honor drawings under the applicable U.S. Letters of Credit; and (b) U.S. Lenders severally agree to participate in U.S. Letters of Credit issued for the account of any U.S. Borrower or any Eligible Affiliates and any drawings
thereunder; provided that after giving effect to any U.S. L/C Credit Extension with respect to any U.S. Letter of Credit, (v) the U.S. Total Outstandings shall not exceed the U.S. Aggregate Commitments, (w) the U.S. Credit Exposure
of any U.S. Lender shall not exceed such U.S. Lender’s U.S. Commitment (x) the U.S. Outstanding Amount of the U.S. L/C Obligations shall not exceed the U.S. Letter of Credit Sublimit, (y) the aggregate amount of all Bank of America
L/C Outstandings shall not exceed the Bank of America U.S. L/C Sublimit and (z) the aggregate amount of all JPMorgan L/C Outstandings shall not exceed the JPMorgan U.S. L/C Sublimit. Within the foregoing limits, any U.S. Borrower’s ability
to obtain U.S. Letters of Credit shall be fully revolving, and accordingly each U.S. Borrower may, during the foregoing period, obtain U.S. Letters of Credit to replace U.S. Letters of Credit that have expired or that have been drawn upon and
reimbursed. All U.S. Existing Letters of Credit that were originally issued for the account of a Person that is not a U.S. Borrower shall, immediately upon the effectiveness hereof, be deemed to have been issued pursuant hereto for the account of
the applicable U.S. Borrower identified as the “Account Obligor” on Schedule 2.4(a) (which U.S. Borrower hereby assumes all U.S. L/C Obligations with respect to such U.S. Existing Letter of Credit), and from and after the Closing
Date shall be subject to and governed by the terms and conditions hereof. 
 Section 2.5 U.S. Swing Line Loans. 

Section 2.5.1 The U.S. Swing Line. Subject to the terms and conditions set forth herein, each U.S. Swing Line Lender agrees, in
reliance upon the agreements of the other U.S. Lenders set forth in this Section 2.5, to make loans in Dollars (each such loan, a “U.S. Swing Line Loan”) to any Domestic Borrower under the U.S. Tranche from time to time
on any Business Day during the Availability Period, notwithstanding the fact that such U.S. Swing Line Loans, when aggregated with the Applicable Tranche Percentage of the U.S. Outstanding Amount of U.S. Committed Loans and U.S. L/C Obligations of
the U.S. Lender acting as a U.S. Swing Line Lender, may exceed the amount of such U.S. Lender’s U.S. Commitment; provided that after giving effect to any U.S. Swing Line Loan, (a) the U.S. Total Outstandings shall not exceed the
U.S. Aggregate Commitments, (b) the U.S. Credit Exposure of any U.S. Lender shall not exceed such U.S. Lender’s U.S. Commitment, (c) the U.S. Outstanding Amount of all U.S Swing Line Loans shall not exceed the U.S. Swing Line
Sublimit, (d) the U.S. Outstanding Amount of all U.S Swing Line Loans made by Bank of America (the “Bank of America U.S. Swing Line Outstandings”) shall not exceed the Bank of America U.S. Swing Line Commitment and (e) the
U.S. Outstanding Amount of all U.S. Swing Line Loans made by JPMorgan shall not 

  
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exceed the JPMorgan U.S. Swing Line Commitment, and provided, further, that (i) no Domestic Borrower shall use the proceeds of any U.S. Swing Line Loan to refinance any other
outstanding U.S. Swing Line Loan and (ii) no Domestic Borrower may request U.S. Swing Line Loans to be made by JPMorgan unless, at the time of the request, the Bank of America U.S. Swing Line Outstandings equals (or after giving effect to a
concurrent U.S. Swing Line Loan by Bank of America will equal) the Bank of America U.S. Swing Line Commitment. Within the foregoing limits, each Domestic Borrower may borrow under this Section 2.5, prepay under Section 2.6
and reborrow under this Section 2.5. Each U.S. Swing Line Loan shall be a Money Market Rate Loan. Immediately upon the making of a U.S. Swing Line Loan, each U.S. Lender shall be deemed to, and hereby irrevocably and unconditionally
agrees to, purchase from the applicable U.S. Swing Line Lender a risk participation in such U.S. Swing Line Loan in an amount equal to the product of such U.S. Lender’s Applicable Tranche Percentage times the amount of such U.S. Swing
Line Loan. Notwithstanding the foregoing, (i) no U.S. Swing Line Loan shall be made to any Foreign Borrower under the U.S. Tranche and (ii) no U.S. Swing Line Lender shall have any obligation to make any U.S. Swing Line Loan if any U.S.
Lender has failed to fund any amount required under Section 2.5.3, unless such failure has been cured, or is at the time of making any U.S. Swing Line Loan a Defaulting Lender, unless the applicable U.S. Swing Line Lender has entered
into arrangements satisfactory to such U.S. Swing Line Lender, in its sole discretion, with the applicable Borrower or such U.S. Lender to eliminate such U.S. Swing Line Lender’s risk with respect to such U.S. Lender. 

Section 2.5.2 Borrowing Procedures. Each U.S. Swing Line Borrowing shall be made upon the requesting U.S. Borrower’s
irrevocable notice to the applicable U.S. Swing Line Lender and U.S. Funding Agent, which may be given by (A) telephone or (B) by a U.S. Swing Line Loan Notice; provided that any telephonic notice must be confirmed promptly by
delivery to the applicable U.S. Swing Line Lender and U.S. Funding Agent of a U.S. Swing Line Loan Notice. Each such notice must be received by a U.S. Swing Line Lender and U.S. Funding Agent not later than 1:00 p.m. on the requested borrowing date,
and shall specify (a) the amount to be borrowed, which shall be a minimum of $500,000, and (b) the requested borrowing date, which shall be a Business Day. Promptly after receipt by the applicable U.S. Swing Line Lender of any U.S. Swing
Line Loan Notice, such U.S. Swing Line Lender will confirm with U.S. Funding Agent (by telephone or in writing) that it has also received such U.S. Swing Line Loan Notice and, if not, such U.S. Swing Line Lender will notify U.S. Funding Agent (by
telephone or in writing) of the contents thereof. Unless the applicable U.S. Swing Line Lender has received notice (by telephone or in writing) from Global Administrative Agent, U.S. Funding Agent (including at the request of any U.S. Lender) or any
Credit Party prior to 2:00 p.m. on the date of the proposed U.S. Swing Line Borrowing (i) directing such U.S. Swing Line Lender not to make such U.S. Swing Line Loan as a result of the limitations set forth in the proviso to the first sentence
of Section 2.5.1 or (ii) that one or more of the applicable conditions specified in Article VIII is not then satisfied, then, subject to the terms and conditions hereof, such U.S. Swing Line Lender will, not later than 3:00
p.m. on the borrowing date specified in such U.S. Swing Line Loan Notice, make the amount of its U.S. Swing Line Loan available to the requesting U.S. Borrower. 

  
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 Section 2.5.3 Refinancing of U.S. Swing Line Loans. 

(a) Each U.S. Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the applicable U.S. Borrower (which
hereby irrevocably authorizes U.S. Swing Line Lender to so request on its behalf), that each U.S. Lender make a Base Rate Committed Loan in an amount equal to such U.S. Lender’s Applicable Tranche Percentage of the amount of the U.S. Swing Line
Loans of such U.S. Swing Line Lender then outstanding. Such request shall be made in writing (which written request shall be deemed to be a U.S. Committed Loan Notice for purposes hereof) and in accordance with the requirements of
Section 2.3, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Committed Loans, but subject to the unutilized portion of the U.S. Aggregate Commitments and the conditions set forth in
Section 8.2. The applicable U.S. Swing Line Lender shall furnish such U.S. Borrower with a copy of the applicable U.S. Committed Loan Notice promptly after delivering such notice to U.S. Funding Agent. Each U.S. Lender shall make an
amount equal to its Applicable Tranche Percentage of the amount specified in such U.S. Committed Loan Notice available to U.S. Funding Agent in Same Day Funds for the account of such U.S. Swing Line Lender at U.S. Funding Agent’s Office for
Dollar-denominated payments not later than 12:00 noon on the day specified in such U.S. Committed Loan Notice, whereupon, subject to Section 2.5.3(b), each U.S. Lender that so makes funds available shall be deemed to have made a Base
Rate Committed Loan to such U.S. Borrower in such amount. U.S. Funding Agent shall remit the funds so received to the applicable U.S. Swing Line Lender. 

(b) If for any reason any U.S. Swing Line Loan cannot be refinanced by a U.S. Committed Borrowing in accordance with
Section 2.5.3(a), the request for Base Rate Committed Loans submitted by a U.S. Swing Line Lender as set forth herein shall be deemed to be a request by such U.S. Swing Line Lender that each U.S. Lender fund its risk participation in the
relevant U.S. Swing Line Loan and each U.S. Lender’s payment to U.S. Funding Agent for the account of such U.S. Swing Line Lender pursuant to Section 2.5.3(a) shall be deemed payment in respect of such participation. 

(c) If any U.S. Lender fails to make available to U.S. Funding Agent for the account of a U.S. Swing Line Lender any amount (the
“Unfunded U.S. Swing Line Amount”) required to be paid by such U.S. Lender pursuant to the foregoing provisions of this Section 2.5.3 by the time specified in Section 2.5.3(a), (i) such U.S. Swing Line
Lender shall be entitled to recover from such U.S. Lender (acting through U.S. Funding Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately
available to such U.S. Swing Line Lender at a rate per annum equal to the applicable Overnight Rate from time to time in effect; and (ii) for the avoidance of doubt, the Unfunded U.S. Swing Line Amount shall become due and payable on the date
specified in Section 6.3(b)(i). A certificate of any applicable U.S. Swing Line Lender submitted to any U.S. Lender (through U.S. Funding Agent) with respect to any amount owing under this clause (c) shall be conclusive
absent manifest error. 
 (d) Each U.S. Lender’s obligation to make U.S. Committed Loans or to purchase and fund risk participations in
U.S. Swing Line Loans pursuant to this Section 2.5.3 shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right which any Lender may
have against any U.S. Swing Line Lender, any U.S. Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of a Default or (iii) any other occurrence, event or condition, whether


  
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or not similar to any of the foregoing; provided that each U.S. Lender’s obligation to make U.S. Committed Loans pursuant to this Section 2.5.3 is subject to the
conditions set forth in Section 8.2. No such funding of risk participations shall relieve or otherwise impair the obligation of any U.S. Borrower to repay U.S. Swing Line Loans, together with interest as provided herein. 

Section 2.5.4 Repayment of Participations. 

(a) At any time after any U.S. Lender has purchased and funded a risk participation in a U.S. Swing Line Loan, if the applicable U.S. Swing
Line Lender receives any payment on account of such U.S. Swing Line Loan, such U.S. Swing Line Lender will distribute to such U.S. Lender its Applicable Tranche Percentage of such payment (appropriately adjusted, in the case of interest payments, to
reflect the period of time during which such U.S. Lender’s risk participation was funded) in the same funds as those received by such U.S. Swing Line Lender. 

(b) If any payment received by a U.S. Swing Line Lender in respect of principal of or interest on any U.S. Swing Line Loan is required to be
returned by such U.S. Swing Line Lender under any of the circumstances described in Section 14.5 (including pursuant to any settlement entered into by U.S. Swing Line Lender in its discretion), each U.S. Lender shall pay to such U.S.
Swing Line Lender its Applicable Tranche Percentage thereof on demand of U.S. Funding Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the applicable Overnight Rate.
U.S. Funding Agent will make such demand upon the request of such U.S. Swing Line Lender. The obligations of U.S. Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

Section 2.5.5 Interest for Account of U.S. Swing Line Lenders. Each U.S. Swing Line Lender shall be responsible for invoicing the
applicable U.S. Borrowers for interest on the U.S. Swing Line Loans funded by such U.S. Swing Line Lender. Until a U.S. Lender funds its Base Rate Committed Loan or risk participation pursuant to this Section 2.5 to refinance such U.S.
Lender’s Applicable Tranche Percentage of any U.S. Swing Line Loan, interest in respect of such U.S. Lender’s Applicable Tranche Percentage shall be solely for the account of the applicable U.S. Swing Line Lender. 

Section 2.5.6 Payments Directly to U.S. Swing Line Lender. Each U.S. Borrower shall make all payments of principal and interest in
respect of the U.S. Swing Line Loans directly to the applicable U.S. Swing Line Lender. 
 Section 2.6 U.S. Prepayments.

 Section 2.6.1 Prepayments of Committed Loans. Each U.S. Borrower may, upon notice to U.S. Funding Agent, at any time or from
time to time voluntarily prepay U.S. Committed Loans in whole or in part without premium or penalty; provided that (a) such notice must be in a form acceptable to U.S. Funding Agent and be received by U.S. Funding Agent, not later than
11:00 a.m., (i) three Business Days prior to any date of prepayment of Eurocurrency Rate Committed Loans or CDOR Rate Loans denominated in an Alternative Currency, (ii) two Business Days prior to any date of prepayment of Eurocurrency Rate
Committed Loans denominated in Dollars and (iii) on the date of prepayment of any Base Rate Committed Loans; 

  
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and (b) any prepayment of U.S. Committed Loans shall be in a principal amount permitted by Section 6.1.2 or, if less, the entire principal amount thereof then outstanding;
provided that if U.S. Lenders have made any U.S. Committed Loans pursuant to Section 2.5.3 or 5.3.2, then the applicable U.S. Borrower may make a prepayment in any other amount so long as, after giving effect thereto, the
aggregate principal amount of all Base Rate Committed Borrowings is in the principal amount of $1,000,000 or a higher integral multiple of $100,000. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Committed
Loans to be prepaid and, if Eurocurrency Rate Committed Loans or CDOR Rate Loans are to be prepaid, the Interest Period(s) of the applicable Loans. U.S. Funding Agent will promptly notify each U.S. Lender and each Fronting Lender, as applicable, of
its receipt of each such notice, and of the amount of such U.S. Lender’s Applicable Tranche Percentage of such prepayment. If such notice is given by such U.S. Borrower, then such U.S. Borrower shall make such prepayment and the payment amount
specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Committed Loan or CDOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional
amount required pursuant to Section 7.5. Subject to Sections 2.2.4 and 6.8.3, each such prepayment shall be applied to the U.S. Committed Loans of U.S. Lenders in accordance with their respective Applicable Tranche
Percentages. 
 Section 2.6.2 Prepayments of Swing Line Loans. The applicable U.S. Borrower may, upon notice to the applicable
U.S. Swing Line Lenders (with a copy to U.S. Funding Agent), at any time or from time to time, voluntarily prepay any U.S. Swing Line Loans in whole or in part without premium or penalty; provided that (a) such notice must be received by
U.S. the applicable Swing Line Lenders and U.S. Funding Agent not later than 12:00 noon on the date of the prepayment and (b) any such prepayment shall be in a minimum principal amount of $500,000. Each such notice shall specify the date and
amount of such prepayment. If such notice is given by such U.S. Borrower, such U.S. Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. 

Section 2.6.3 Prepayments Due to Currency Fluctuations. U.S. Funding Agent shall calculate the Dollar Equivalent of the U.S. Total
Outstandings (but only with respect to U.S. Loans denominated in an Alternative Currency) on each applicable Revaluation Date. If on the Revaluation Date that occurs on the first Business Day of each calendar month, or such other times as U.S.
Funding Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, the Dollar Equivalent of the U.S. Total Outstandings exceeds an amount equal to 105% of the U.S. Aggregate Commitments then in
effect, then, within five Business Days after notice of such calculation from U.S. Funding Agent to Prologis, U.S. Borrowers shall prepay U.S. Loans and/or Cash Collateralize U.S. L/C Obligations in an aggregate amount sufficient to reduce the U.S.
Total Outstandings as of such date of payment to an amount not exceeding 100% of the U.S. Aggregate Commitments then in effect; provided that solely for purposes of measuring compliance with this Section 2.6.3, the amount of Cash
Collateral delivered to U.S. Funding Agent under this Section 2.6.3 shall be deemed to have reduced the U.S. Total Outstandings. Subject to Section 2.2.4, each such prepayment shall be applied to the U.S. Committed Loans of
U.S. Lenders in accordance with their respective Applicable Tranche Percentages. 

  
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 Section 2.6.4 Other Prepayments. If at any time the Dollar Equivalent of the U.S.
Total Outstandings exceeds the U.S. Aggregate Commitments then in effect and such excess is not due to a currency exchange fluctuation covered under Section 2.6.3, then, within two Business Days after notice from U.S. Funding Agent to
Prologis, U.S. Borrowers shall prepay the U.S. Loans and/or Cash Collateralize the U.S. L/C Obligations in an aggregate amount sufficient to reduce the Dollar Equivalent of such U.S. Total Outstandings as of such date of payment to an amount not to
exceed the U.S. Aggregate Commitments then in effect, without regard to any minimum or multiples specified in Section 6.1.2 with respect to prepayments. Subject to Section 2.2.4, each such prepayment shall be applied to the
U.S. Committed Loans of U.S. Lenders in accordance with their respective Applicable Tranche Percentages. 
 Section 2.7 U.S. Bid
Loans. 
 Section 2.7.1 General. Subject to the terms and conditions set forth herein, each U.S. Lender agrees that any
Domestic Borrower under the U.S. Tranche may from time to time request the U.S. Lenders to submit offers to make loans in Dollars (each such loan, a “U.S. Bid Loan”) to such Domestic Borrower from time to time on any Business Day
during the Availability Period pursuant to this Section 2.7; provided that immediately after giving effect to any U.S. Bid Borrowing, (a) the U.S. Total Outstandings shall not exceed the U.S. Aggregate Commitments and
(b) the aggregate Outstanding Amount of all U.S. Bid Loans shall not exceed the U.S. Bid Loan Sublimit. There shall not be more than five different Interest Periods in effect with respect to U.S. Bid Loans at any time. 

Section 2.7.2 Requesting Competitive Bids. A Domestic Borrower under the U.S. Tranche may request the submission of U.S.
Competitive Bids by delivering a U.S. Bid Request to U.S. Funding Agent not later than 12:00 noon, Applicable Time, four Business Days prior to the requested date of any U.S. Bid Borrowing. Each U.S. Bid Request shall specify (i) the requested
date of the U.S. Bid Borrowing (which shall be a Business Day), (ii) the aggregate principal amount of U.S. Bid Loans requested (which must be $10,000,000 or a higher whole multiple of $1,000,000), (iii) the Type of U.S. Bid Loans
requested and (iv) the duration of the Interest Period with respect thereto, and shall be signed by a Responsible Officer of the applicable Borrower. No U.S. Bid Request shall contain a request for (A) more than one Type of U.S. Bid Loan
or (B) U.S. Bid Loans having more than three different Interest Periods. Unless U.S. Funding Agent otherwise agrees in its sole discretion, a U.S. Borrower may not submit a U.S. Bid Request if it has submitted another U.S. Bid Request within
the prior five Business Days. 
 Section 2.7.3 Submitting Competitive Bids. 

(a) U.S. Funding Agent shall promptly notify each U.S. Lender of each U.S. Bid Request received by it and the contents of such U.S. Bid
Request. 
 (b) Each U.S. Lender may (but shall have no obligation to) submit a U.S. Competitive Bid containing an offer to make one or more
U.S. Bid Loans in response to a U.S. Bid Request. Such U.S. Competitive Bid must be delivered to U.S. Funding Agent not later than 10:30 a.m., Applicable Time, three Business Days prior to the requested date of any U.S. Bid Borrowing;
provided that any U.S. Competitive Bid submitted by U.S. Funding Agent in its 

  
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capacity as a U.S. Lender in response to any U.S. Bid Request must be submitted to U.S. Funding Agent not later than 10:15 a.m., Applicable Time, on the date on which U.S. Competitive Bids are
required to be delivered by the other U.S. Lenders in response to such U.S. Bid Request. Each U.S. Competitive Bid shall specify (A) the proposed date of the U.S. Bid Borrowing; (B) the principal amount of each U.S. Bid Loan for which such
U.S. Competitive Bid is being made, which principal amount (x) may be equal to, greater than or less than the U.S. Commitment of the bidding U.S. Lender, (y) must be $5,000,000 or a higher whole multiple of $1,000,000, and (z) may not
exceed the principal amount of U.S. Bid Loans for which U.S. Competitive Bids were requested; (C) if the proposed U.S. Bid Borrowing is to consist of Absolute Rate Bid Loans, the Absolute Rate offered for each such U.S. Bid Loan and the
Interest Period applicable thereto; (D) if the proposed U.S. Bid Borrowing is to consist of Eurocurrency Margin Bid Loans, the Eurocurrency Bid Margin with respect to each such Eurocurrency Margin Bid Loan and the Interest Period applicable
thereto; and (E) the identity of the bidding U.S. Lender. 
 (c) Any U.S. Competitive Bid shall be disregarded if it (A) is
received after the required time specified in clause (b) above, (B) is not substantially in the form of a U.S. Competitive Bid as specified herein, (C) contains qualifying, conditional or similar language, (D) proposes
terms other than or in addition to those set forth in the applicable U.S. Bid Request, or (E) is otherwise not responsive to such U.S. Bid Request. Any U.S. Lender may correct a U.S. Competitive Bid containing a manifest error by submitting a
corrected U.S. Competitive Bid (identified as such) not later than the applicable time required for submission of U.S. Competitive Bids. Any such submission of a corrected U.S. Competitive Bid shall constitute a revocation of the U.S. Competitive
Bid that contained the manifest error. U.S. Funding Agent may, but shall not be required to, notify any U.S. Lender of any manifest error it detects in such U.S. Lender’s Competitive Bid. 

(d) Subject only to the provisions of Sections 7.2, 7.3 and 8.2 and clause (c) above, each U.S. Competitive
Bid shall be irrevocable. 
 Section 2.7.4 Notice to Borrower of Competitive Bids. Not later than 11:00 a.m., Applicable Time,
three Business Days prior to the requested date of any U.S. Bid Borrowing, U.S. Funding Agent shall notify the applicable Borrower of the identity of each U.S. Lender that has submitted a U.S. Competitive Bid that complies with
Section 2.7.3 and of the terms of the offers contained in each such U.S. Competitive Bid. 
 Section 2.7.5 Acceptance of
Competitive Bids. Not later than 11:30 a.m., Applicable Time, three Business Days prior to the requested date of any U.S. Bid Borrowing, the applicable Borrower shall notify U.S. Funding Agent of its acceptance or rejection of the offers
notified to it pursuant to Section 2.7.4. The applicable Borrower shall be under no obligation to accept any U.S. Competitive Bid and may choose to reject all U.S. Competitive Bids. In the case of acceptance, such notice shall specify
the aggregate principal amount of U.S. Competitive Bids for each Interest Period that is accepted. The applicable Borrower may accept any U.S. Competitive Bid in whole or in part; provided that: 

(i) the aggregate principal amount of each U.S. Bid Borrowing may not exceed the applicable amount set forth in the related
U.S. Bid Request; 

  
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 (ii) the principal amount of each U.S. Bid Loan must be $5,000,000 or a higher
whole multiple of $1,000,000; 
 (iii) the acceptance of offers may be made only on the basis of ascending Absolute Rates or
Eurocurrency Bid Margins within each Interest Period; and 
 (iv) the applicable Borrower may not accept any offer that is
described in Section 2.7.3(c) or that otherwise fails to comply with the requirements hereof. 
 Section 2.7.6 Procedure
for Identical Bids. If two or more U.S. Lenders have submitted U.S. Competitive Bids at the same Absolute Rate or Eurocurrency Bid Margin, as the case may be, for the same Interest Period, and the result of accepting all of such U.S. Competitive
Bids in whole (together with any other U.S. Competitive Bids at lower Absolute Rates or Eurocurrency Bid Margins, as the case may be, accepted for such Interest Period in conformity with the requirements of Section 2.7.5) would be to
cause the aggregate outstanding principal amount of the applicable U.S. Bid Borrowing to exceed the amount specified therefor in the related U.S. Bid Request, then, unless otherwise agreed by the applicable Borrower, U.S. Funding Agent and such U.S.
Lenders, the applicable Borrower shall accept such U.S. Competitive Bids as nearly as possible in proportion to the amount offered by each such U.S. Lender in respect of such Interest Period, with such accepted amounts in each case being rounded to
a whole multiple of $1,000,000. 
 Section 2.7.7 Notice to Lenders of Acceptance or Rejection of Bids. U.S. Funding Agent shall
promptly notify each U.S. Lender having submitted a U.S. Competitive Bid whether or not its offer has been accepted and, if its offer has been accepted, of the amount of the U.S. Bid Loan or Bid Loans to be made by it on the date of the applicable
U.S. Bid Borrowing. Any U.S. Competitive Bid or portion thereof that is not accepted by the applicable Borrower by the applicable time specified in Section 2.7.5 shall be deemed rejected. 

Section 2.7.8 Notice of Eurocurrency Rate. If any U.S. Bid Borrowing is to consist of Eurocurrency Margin Bid Loans, U.S. Funding
Agent (a) shall determine the Eurocurrency Rate for the relevant Interest Period and (b) promptly after making such determination, shall notify the applicable Borrower and the U.S. Lenders that will be participating in such U.S. Bid
Borrowing of such Eurocurrency Rate. 
 Section 2.7.9 Funding of U.S. Bid Loans. Each U.S. Lender that has received notice
pursuant to Section 2.7.7 that all or a portion of its U.S. Competitive Bid has been accepted by the applicable Borrower shall make the amount of its U.S. Bid Loan(s) available to U.S. Funding Agent in immediately available funds at U.S.
Funding Agent’s Office not later than 1:00 p.m., Applicable Time, on the date of the requested U.S. Bid Borrowing. Upon satisfaction of the applicable conditions set forth in Section 8.2, U.S. Funding Agent shall make all funds so
received available to the applicable Borrower in like funds as received by U.S. Funding Agent. 
 Section 2.7.10 Notice of Range of
Bids. After each U.S. Competitive Bid auction pursuant to this Section 2.7, U.S. Funding Agent shall notify each U.S. Lender that submitted a U.S. Competitive Bid in such auction of the ranges of bids submitted (without the
bidder’s name) and accepted for each U.S. Bid Loan and the aggregate amount of each U.S. Bid Borrowing. 

  
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 ARTICLE III 

EURO COMMITMENTS AND EURO CREDIT EXTENSIONS 

Section 3.1 Euro Committed Loans. Subject to the terms and conditions set forth herein, each Euro Lender severally agrees to make
loans (each such loan, a “Euro Committed Loan”) to each Euro Borrower in Euro or in one or more Alternative Currencies of the Euro Tranche, subject to Section 3.2, from time to time, on any Business Day during the
Availability Period, under the Euro Tranche, in an aggregate amount not to exceed at any time outstanding the amount of such Euro Lender’s Euro Commitment; provided that after giving effect to any Euro Committed Borrowing, (a) the
Euro Total Outstandings shall not exceed the Euro Aggregate Commitments and (b) the Euro Credit Exposure of any Euro Lender shall not exceed such Euro Lender’s Euro Commitment. Within the limits of each Euro Lender’s Euro Commitment,
Euro Borrowers may borrow under this Section 3.1, prepay under Section 3.6 and reborrow under this Section 3.1. Euro Committed Loans may be Eurocurrency Rate Loans or, solely upon the occurrence of an event
described in Section 7.2 or 7.3, Substitute Rate Loans, as further provided herein. 
 Section 3.2 Euro Fronting
Loans. 
 Section 3.2.1 Euro Fronting Loans. Subject to the terms and conditions set forth in this
Section 3.2, upon a request for a Euro Committed Borrowing in an Alternative Currency or to a Foreign Borrower in compliance with Section 3.1, each Fronting Lender agrees, subject to the limitations set forth below, to fund
its Fronting Portion of such Euro Committed Borrowing in the requested currency with respect to such Euro Committed Borrowing and in the amount of each Euro Non-Qualified Lender’s Applicable Tranche Percentage for such Euro Committed Borrowing
(each a “Euro Fronting Loan”), notwithstanding the fact that, after giving effect to such funding, all Euro Fronting Loans of such Fronting Lender, when aggregated with the Euro Credit Exposure of such Fronting Lender, may exceed
the amount of such Fronting Lender’s Euro Commitment; provided that (a) after giving effect to any Euro Fronting Loan, the aggregate Dollar Equivalent amount of all Fronting Loans funded by such Fronting Lender shall not exceed the
Fronting Commitment of such Fronting Lender and (b) such Fronting Lender shall not be a Euro Non-Qualified Lender with respect to such Euro Committed Borrowing. Immediately upon the making of a Euro Fronting Loan, the applicable Euro
Non-Qualified Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Fronting Lender a risk participation in 100% of such Euro Fronting Loan. The obligation of each Euro Non-Qualified Lender to make Euro
Committed Loans in an Alternative Currency or to a Foreign Borrower under Section 3.1 shall be satisfied by its purchase of a risk participation in the applicable Euro Fronting Loan; it being understood that no Euro Non-Qualified Lender
shall be responsible for, or be deemed to be a Defaulting Lender or otherwise in breach of this Agreement as a result of, the failure by a Fronting Lender to make a Fronting Loan in which such Euro Non-Qualified Lender is to purchase a risk
participation. Notwithstanding any other provision herein, no more than five Credit Extensions that utilize Euro Fronting Loans shall be made during any calendar month. 

Section 3.2.2 Election of Fronting Lenders. (a) Upon a request for a Euro Committed Borrowing in accordance with
Section 3.3 in an Alternative Currency or to a Foreign Borrower with respect to which there are Euro Non-Qualified Lenders, there shall be a Fronting 

  
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Lender Election. If, based on the limitations set forth in the proviso to the first sentence of Section 3.2.1 or the last two sentences of Section 3.2.2(b) (the
“Euro Fronting Limitations”), the Fronting Commitments are not sufficient to fund all of the requested Euro Fronting Loans in such Alternative Currency or to such Foreign Borrower, then the applicable Euro Borrower shall, within one
Business Day after notice by Euro Funding Agent of such insufficiency, decrease the amount of the requested Euro Committed Borrowing to the amount that would result in utilization of the maximum available Fronting Commitments, subject to the Euro
Fronting Limitations and, if applicable, after giving effect to the following sentence. If one or more Euro Lenders are Euro Non-Qualified Lenders solely because such Euro Lenders are not capable of making requested Euro Committed Loans to a Foreign
Borrower without the imposition of withholding taxes (each a “Euro Specified Lender”), such Borrower may, within one Business Day after notice by Euro Funding Agent of the insufficiency, notify Euro Funding Agent that it will accept
responsibility for such withholding taxes with respect to such Euro Committed Borrowing, in which case (i) Euro Funding Agent and the Fronting Lenders shall allocate the available Fronting Commitments (A) first, to cover any portion of
such Borrowing that will not be funded by a Euro Lender because it is a Non-Qualified Lender for a reason other than potential withholding taxes and (B) then, to cover the remaining amount of such Borrowing, in each case up to the maximum
available Fronting Commitments, subject to the Euro Fronting Limitations, (ii) the participations in any Fronting Loans made pursuant to clause (i)(B) above shall be allocated among the Euro Specified Lenders pro rata according to their
respective Euro Commitments, (iii) each Euro Specified Lender shall fund its pro rata share of such Borrowing to the extent not funded by the Fronting Lenders and (iv) such Borrower shall pay or reimburse each Euro Specified Lender for any
withholding tax arising from such Borrowing in accordance with Section 7.1. 
 (b) Each Non-Qualified Japan Lender with respect
to the Euro Tranche (i) represents and warrants to each applicable Fronting Lender that (A) the purchase of a risk participation in such Fronting Loan by such Non-Qualified Japan Lender and (B) the funding of such risk participation
in such Fronting Loan by such Non-Qualified Japan Lender will not violate any applicable Law (including any Law of Japan), and (ii) agrees to indemnify such Fronting Lender for all losses, claims, damages, liabilities and related expenses
(including the reasonable fees, charges and disbursements of any counsel for such Fronting Lender) incurred by such Fronting Lender or asserted against such Fronting Lender arising from any Fronting Loan made by such Fronting Lender pursuant to
Section 3.2.1. Without limiting the foregoing, no Fronting Lender shall be obligated to make any Fronting Loan pursuant to Section 3.2.1 if such Fronting Lender determines that any representation or warranty of the applicable
Non-Qualified Japan Lender in clause (i) of the preceding sentence is not accurate. Notwithstanding the foregoing provisions of this Section 3.2.2(b), no Fronting Lender shall make a Fronting Loan in which a Non-Qualified
Japan Lender would be required to purchase a risk participation if such Non-Qualified Japan Lender has notified such Fronting Lender at least two Business Days prior to the proposed date of borrowing (with copies to Euro Funding Agent and Prologis)
that, as a result of a Change in Law, such Lender cannot make the representation and warranty set forth in the first sentence of this Section 3.2.2(b). 

  
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 Section 3.2.3 Refinancing of the Euro Fronting Loans. 

(a) (i) On the Trigger Date, Euro Funding Agent shall notify each Euro Non-Qualified Lender of its obligation to fund its participation in
each applicable Euro Fronting Loan. Each applicable Euro Non-Qualified Lender shall make the amount of its participation in each applicable Euro Fronting Loan specified in such notice available to Euro Funding Agent in Same Day Funds for the account
of the applicable Fronting Lender at Euro Funding Agent’s Office for payments in the same currency as the applicable Euro Fronting Loan not later than 11:00 a.m., Brussels time, on the Business Day specified in such notice. 

(ii) To the extent that a Euro Non-Qualified Lender that has a risk participation in a Euro Fronting Loan assigns all or part of its interest
in such risk participation under Section 14.6 to a Euro Qualified Lender for purposes of such Euro Fronting Loan, then such Euro Qualified Lender shall make the amount of its assigned participation in such Euro Fronting Loan available to
Euro Funding Agent in Same Day Funds for the account of the applicable Fronting Lender at Euro Funding Agent’s Office for payments in the same currency as the applicable Euro Fronting Loan not later than 1:00 p.m., Brussels time, on the third
Business Day following the effective date of the assignment. 
 (b) If any applicable Euro Lender fails to make available to any Fronting
Lender any amount required to be paid by such Euro Lender pursuant to the foregoing provisions of this Section 3.2.3 by the time specified in Section 3.2.3(a), such Fronting Lender shall be entitled to recover from such Euro
Lender (acting through Euro Funding Agent), on demand, such amount in the same currency as the applicable Euro Fronting Loan with interest thereon for the period from the date such payment is required to the date on which such payment is immediately
available to such Fronting Lender at a rate per annum equal to the applicable Overnight Rate from time to time in effect. A certificate of a Fronting Lender submitted to any applicable Euro Lender (through Euro Funding Agent) with respect to any
amount owing under this clause (b) shall be conclusive absent manifest error. 
 (c) Each applicable Euro Lender’s
obligation to purchase and fund risk participations in Euro Fronting Loans pursuant to this Section 3.2.3 shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim,
recoupment, defense or other right which such Euro Lender may have against the applicable Fronting Lender, any Euro Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of a Default or (iii) any other
occurrence, event or condition, whether or not similar to any of the foregoing. No such funding of risk participations shall relieve or otherwise impair the obligation of any Euro Borrower to repay any Fronting Lender, together with interest as
provided herein. 
 (d) At any time after any Euro Lender has purchased and funded a risk participation in a Euro Fronting Loan, if the
applicable Fronting Lender receives any payment on account of such Euro Fronting Loan, such Fronting Lender will distribute to such Euro Lender such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time
during which such Euro Lender’s participation was funded) in the same funds and currency as those received by such Fronting Lender. 

(e) If any payment received by any Fronting Lender (and paid to a Euro Lender) in respect of principal of or interest on any Euro Fronting
Loan is required to be returned by such 

  
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Fronting Lender under any of the circumstances described in Section 14.5 (including pursuant to any settlement entered into by such Fronting Lender in its discretion), such Euro
Lender shall pay to such Fronting Lender in the applicable currency of such Euro Fronting Loan the amount of such payment in respect of such Euro Fronting Loan on demand of Euro Funding Agent, plus interest thereon from the date of such
demand to the date such amount is returned, at a rate per annum equal to the applicable Overnight Rate. Euro Funding Agent will make such demand upon the request of the applicable Fronting Lender. The obligations of Euro Lenders under this clause
shall survive the payment in full of the Obligations and the termination of this Agreement. 
 Section 3.2.4 Payments for Account of
the Applicable Fronting Lender. Notwithstanding any other provision of this Agreement, until the applicable Euro Lender funds its risk participation pursuant to this Section 3.2 to refinance such Euro Lender’s applicable Euro
Fronting Loan, all payments made hereunder in respect of the portion of any Euro Committed Loan that was funded in part by a Fronting Lender shall be solely for the account of the applicable Fronting Lender. 

Section 3.2.5 Defaulting Lender. Notwithstanding the foregoing, no Fronting Lender shall be required to make a Euro Fronting Loan
with respect to which there is a Euro Non-Qualified Lender that is a Defaulting Lender at the time of the receipt by Euro Funding Agent of the applicable Euro Committed Loan Notice or at any time prior to the funding of such Euro Fronting Loan. In
addition, to the extent (a) a Euro Fronting Loan is outstanding, (b) a Euro Non-Qualified Lender becomes a Defaulting Lender and (c) the applicable Fronting Lender makes a demand for repayment to the applicable Euro Borrower, then
such Euro Borrower shall repay such Euro Fronting Loan (i) on or before the earlier of (A) 30 days following receipt of such demand or (B) the fifth day following the last day of the applicable Interest Period ending after receipt of
such demand or (ii) if no Interest Period is in effect with respect to such Euro Fronting Loan, within ten days following receipt of such demand. If any such Euro Fronting Loan is not repaid in full on the last day of an Interest Period (if
applicable or required under clause (i)(B) above), subject to Section 6.4.2, such Euro Fronting Loan shall bear interest at the Money Market Rate plus the Applicable Margin until such payment is made hereunder. 

Section 3.3 Euro Committed Borrowings, Conversions and Continuations of Euro Committed Loans. 

Section 3.3.1 Procedures for Euro Committed Borrowings. Each Euro Committed Borrowing, each conversion of Euro Committed Loans from
one Type to the other and each continuation of Eurocurrency Rate Committed Loans shall be made upon the requesting Euro Borrower’s irrevocable written notice to Euro Funding Agent. Each such notice must be received by Euro Funding Agent not
later than 11:00 a.m., Brussels time, three Business Days prior to the requested date of any Euro Committed Borrowing of, or continuation of, Eurocurrency Rate Committed Loans. Each Euro Committed Loan Notice must be in writing and appropriately
completed and signed by a Responsible Officer of such Euro Borrower. Each Euro Committed Borrowing of, conversion to or continuation of Eurocurrency Rate Committed Loans shall be in a principal amount permitted by Section 6.1.1. Each
Euro Committed Loan Notice shall be in writing and shall specify (i) the jurisdiction of the applicable Euro Borrower and whether such Borrower is a Foreign Borrower, (ii) whether the applicable Euro Borrower is requesting a Euro Committed
Borrowing, a conversion of Euro Committed Loans from one Type 

  
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to the other, or a continuation of Eurocurrency Rate Committed Loans, (iii) the requested date of the Euro Committed Borrowing or continuation, as the case may be (which shall be a Business
Day), (iv) the principal amount of Euro Committed Loans to be borrowed or continued, (v) the Type of Euro Committed Loans to be borrowed, (vi) if applicable, the duration of the Interest Period with respect thereto and (vii) the
currency of the Euro Committed Loans to be borrowed or continued. If the requesting Euro Borrower fails to specify a currency in a Euro Committed Loan Notice requesting a Borrowing, then the Committed Loans so requested shall be made in Euro. If the
requesting Euro Borrower fails to specify a Type of Euro Committed Loan in a Euro Committed Loan Notice or if the requesting Euro Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Euro Committed
Loans shall be continued as Eurocurrency Rate Committed Loans in their original currency with an Interest Period of one month. If the requesting Euro Borrower requests a Euro Committed Borrowing of, or continuation of, Eurocurrency Rate Committed
Loans in any such Euro Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. No Euro Committed Loan may be continued as a Euro Committed Loan denominated in a different
currency, but instead must be repaid in the original currency of such Euro Committed Loan and reborrowed in the other currency. 

Section 3.3.2 Funding of Euro Committed Loans. Following receipt of a Euro Committed Loan Notice, Euro Funding Agent shall
promptly notify each Euro Lender of the amount (and currency) of its Applicable Tranche Percentage of the applicable Euro Committed Borrowings, and if no timely notice of a continuation is provided by the applicable Euro Borrower, Euro Funding Agent
shall notify each Euro Lender of the details of any automatic continuations, in each case as described in Section 3.3.1. In the case of a Euro Committed Borrowing, each Euro Qualified Lender and the applicable Fronting Lender, if any,
shall make the amount of its Euro Committed Loan available to Euro Funding Agent in Same Day Funds at Euro Funding Agent’s Office for the applicable currency not later than 11:00 a.m., Brussels time, in the case of any Euro Committed Loan
denominated in any Euro or Sterling, and not later than the Applicable Time specified by Euro Funding Agent in the case of any Euro Committed Loan in an Alternative Currency, other than Sterling, under the Euro Tranche, in each case on the Business
Day specified in the applicable Euro Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 8.2 (and, if such Euro Committed Borrowing is the initial Credit Extension, Section 8.1), Euro
Funding Agent shall make all funds so received available to the applicable Euro Borrower in like funds as received by Euro Funding Agent either by (a) crediting the account of such Euro Borrower on the books of Euro Funding Agent with the
amount of such funds or (b) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) Euro Funding Agent by such Euro Borrower; provided that if, on the date a Euro Committed
Loan Notice, with respect to a Euro Committed Borrowing denominated in Euro or Sterling is given by the requesting Euro Borrower, such Borrower has outstanding Euro L/C Borrowings denominated in such currency of such Borrowing, then the proceeds of
such Euro Committed Borrowing, first, shall be applied to the payment in full of such Euro L/C Borrowings, and, second, shall be made available to the requesting Euro Borrower as provided above. 

Section 3.3.3 Certain Continuations and Conversions. Except as otherwise provided herein, a Eurocurrency Rate Committed Loan may
be continued only on the last day of an Interest Period for such Eurocurrency Rate Committed Loan. During the existence of a Default, 

  
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the Euro Required Lenders may at their option, by notice to the Euro Borrowers (which notice may be revoked at the option of Euro Required Lenders notwithstanding any provision of
Section 14.1) declare that no Euro Loans may be requested or continued as Eurocurrency Rate Committed Loans, other than as Eurocurrency Rate Committed Loan with an Interest Period of one month. 

Section 3.3.4 Notice of Rates. Euro Funding Agent shall promptly notify each applicable Euro Borrower and Euro Lender of the
interest rate applicable to any Interest Period for Eurocurrency Rate Committed Loans upon determination of such interest rate. 

Section 3.3.5 Number of Interest Periods. After giving effect to all Euro Committed Borrowings and all continuations of Euro
Committed Loans as the same Type, there shall not be more than 12 Interest Periods in effect with respect to Euro Committed Loans. 

Section 3.4 Euro Letters of Credit. Subject to the terms and conditions set forth herein, (a) each Euro L/C Issuer agrees, in
reliance upon the agreements of Euro Lenders set forth in this Section 3.4 and Article V, (i) from time to time on any Business Day during the Availability Period, to issue Euro Letters of Credit denominated in Euro or
Sterling for the account of any Euro Borrower or any Eligible Affiliate, and to amend or extend Euro Letters of Credit previously issued by it, in accordance with Section 5.2, and (ii) to honor drawings under the applicable Euro
Letters of Credit; and (b) Euro Lenders severally agree to participate in Euro Letters of Credit issued for the account of any Euro Borrower or any Eligible Affiliates and any drawings thereunder; provided that after giving effect to any
Euro L/C Credit Extension with respect to any Euro Letter of Credit, (x) the Euro Total Outstandings shall not exceed the Euro Aggregate Commitments, (y) the Euro Credit Exposure of any Euro Lender shall not exceed such Euro Lender’s
Euro Commitment and (z) the Euro Outstanding Amount of the Euro L/C Obligations shall not exceed the Euro Letter of Credit Sublimit. Within the foregoing limits, any Euro Borrower’s ability to obtain Euro Letters of Credit shall be fully
revolving, and accordingly each Euro Borrower may, during the foregoing period, obtain Euro Letters of Credit to replace Euro Letters of Credit that have expired or that have been drawn upon and reimbursed. All Euro Existing Letters of Credit that
were originally issued for the account of a Person that is not a Euro Borrower shall, immediately upon the effectiveness hereof, be deemed to have been issued pursuant hereto for the account of the applicable Euro Borrower identified as the
“Account Obligor” on Schedule 2.4(b) (which Euro Borrower hereby assumes all Euro L/C Obligations with respect to such Euro Existing Letter of Credit), and from and after the Closing Date shall be subject to and governed by the
terms and conditions hereof. 
 Section 3.5 Euro Swing Line Loans. 

Section 3.5.1 The Euro Swing Line. Subject to the terms and conditions set forth herein, Euro Swing Line Lender agrees, in reliance
upon the agreements of the other Euro Lenders set forth in this Section 3.5, to make loans in Euro or Sterling (each such loan, a “Euro Swing Line Loan”) to any Domestic Borrower under the Euro Tranche from time to time
on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Euro Swing Line Sublimit, notwithstanding the fact that such Euro Swing Line Loans, when aggregated with the Applicable
Tranche Percentage of the Euro Outstanding Amount of Euro Committed Loans and Euro L/C Obligations of Euro Lender acting 

  
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as Euro Swing Line Lender, may exceed the amount of such Euro Lender’s Euro Commitment; provided that after giving effect to any Euro Swing Line Loan, (i) the Euro Total
Outstandings shall not exceed the Euro Aggregate Commitments and (ii) the Euro Credit Exposure of any Euro Lender shall not exceed such Euro Lender’s Euro Commitment, and provided, further, that no Euro Borrower shall use the
proceeds of any Euro Swing Line Loan to refinance any other outstanding Euro Swing Line Loan. Within the foregoing limits, each Euro Borrower may borrow under this Section 3.5, prepay under Section 3.6 and reborrow under this
Section 3.5. Each Euro Swing Line Loan shall be a Money Market Rate Loan. Immediately upon the making of a Euro Swing Line Loan, each Euro Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from
Euro Swing Line Lender a risk participation in such Euro Swing Line Loan in an amount equal to the product of such Euro Lender’s Applicable Tranche Percentage times the amount of such Euro Swing Line Loan. Notwithstanding the foregoing,
(i) no Euro Swing Line Loan shall be made to any Foreign Borrower under the Euro Tranche and (ii) Euro Swing Line Lender shall have no obligation to make any Euro Swing Line Loan if any Euro Lender has failed to fund any amount required
under Section 3.5.3, unless such failure has been cured, or is at the time of making any Euro Swing Line Loan a Defaulting Lender, unless Euro Swing Line Lender has entered into arrangements satisfactory to Euro Swing Line Lender, in its
sole discretion, with the applicable Borrower or such Euro Lender to eliminate Euro Swing Line Lender’s risk with respect to such Euro Lender. 

Section 3.5.2 Borrowing Procedures. Each Euro Swing Line Borrowing shall be made upon the requesting Euro Borrower’s
irrevocable notice to Euro Swing Line Lender and Euro Funding Agent, which may only be given by written notice. Each such notice must be received by Euro Swing Line Lender and Euro Funding Agent not later than 11:00 a.m., Brussels time, on the
requested borrowing date, and shall specify (a) the amount to be borrowed, which shall be a minimum of EUR 500,000 for a Euro denominated Euro Swing Line Loan and £500,000 for a Sterling denominated Euro Swing Line Loan and (b) the
requested borrowing date, which shall be a Business Day. Each such written Euro Swing Line Loan Notice shall be appropriately completed and signed by a Responsible Officer of the requesting Euro Borrower. Promptly after receipt by Euro Swing Line
Lender of any written Euro Swing Line Loan Notice, Euro Swing Line Lender will confirm with Euro Funding Agent (by telephone or in writing) that it has also received such Euro Swing Line Loan Notice and, if not, Euro Swing Line Lender will notify
Euro Funding Agent (in writing) of the contents thereof. Unless Euro Swing Line Lender has received notice (in writing) from Global Administrative Agent, Euro Funding Agent (including at the request of any Euro Lender) or any Credit Party prior to
2:00 p.m. (Brussels time) on the date of the proposed Euro Swing Line Borrowing (i) directing Euro Swing Line Lender not to make such Euro Swing Line Loan as a result of the limitations set forth in the proviso to the first sentence of
Section 3.5.1 or (ii) that one or more of the applicable conditions specified in Article VIII is not then satisfied, then, subject to the terms and conditions hereof, Euro Swing Line Lender will, not later than 3:00 p.m.
(Brussels time) on the borrowing date specified in such Euro Swing Line Loan Notice, make the amount of its Euro Swing Line Loan available to the requesting Euro Borrower. 

Section 3.5.3 Refinancing of Euro Swing Line Loans. 

(a) Euro Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the applicable Euro Borrower (which hereby
irrevocably authorizes Euro 

  
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Swing Line Lender to so request on its behalf), that each Euro Lender make a Eurocurrency Rate Loan with an Interest Period of one month denominated in Euro or Sterling, as applicable, in an
amount equal to such Euro Lender’s Applicable Tranche Percentage of the amount of the Euro Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Euro Committed Loan Notice for
purposes hereof) and in accordance with the requirements of Section 3.3, without regard to the minimum and multiples specified therein for the principal amount of Eurocurrency Rate Loans, but subject to the unutilized portion of the Euro
Aggregate Commitments and the conditions set forth in Section 8.2. Euro Swing Line Lender shall furnish to such Euro Borrower with a copy of the applicable Euro Committed Loan Notice promptly after delivering such notice to Euro Funding
Agent. To the extent that the Euro Swing Line Loan is denominated in Sterling and there are Euro Non-Qualified Lenders with respect to Sterling, then Euro Funding Agent may elect a Fronting Lender in accordance with Section 3.2.
Furthermore, to the extent that there are no available Fronting Lenders, then such Euro Swing Line Loan shall be converted to Euro based on the Euro Equivalent amount of such Euro Swing Line Loan and refinanced as a Eurocurrency Rate Loan in Euro
with an Interest Period of one month. Each Euro Qualified Lender shall make an amount equal to its Applicable Tranche Percentage of the amount specified in such Euro Committed Loan Notice available to Euro Funding Agent, and the applicable Fronting
Lender, if any, shall make available the Euro Fronting Loan in accordance with Section 3.2, in each case in Same Day Funds for the account of Euro Swing Line Lender at Euro Funding Agent’s Office for Euro or Sterling denominated
payments, as applicable, not later than 1:00 p.m. (Brussels time) on the day specified in such Euro Committed Loan Notice, whereupon, subject to Section 3.5.3(b), each Euro Lender and each Fronting Lender that so makes funds available
shall be deemed to have made a Eurocurrency Rate Loan with an Interest Period of one month to such Euro Borrower in such amount and in Euro or Sterling, as applicable. Euro Funding Agent shall remit the funds so received to Euro Swing Line Lender.

 (b) If for any reason any Euro Swing Line Loan cannot be refinanced by such a Euro Committed Borrowing in accordance with
Section 3.5.3(a), the request for a Eurocurrency Rate Loan with an Interest Period of one month submitted by Euro Swing Line Lender as set forth herein shall be deemed to be a request by Euro Swing Line Lender that each Euro Lender fund
its risk participation in the relevant Euro Swing Line Loan; provided that to the extent that a Euro Swing Line Loan is denominated in Sterling and there are Euro Non-Qualified Lenders with respect to Sterling, then the aggregate amount of
the Euro Swing Line Loan shall be converted to Euro based on the Euro Equivalent amount of such Euro Swing Line Loan and shall bear interest at the Default Rate for a Eurocurrency Rate Loan with an Interest Period of one month, and each Euro Lender
shall make a payment in satisfaction of its participation obligations under this Section 3.5.3 in Euro. Each Euro Lender’s payment to Euro Funding Agent for the account of Euro Swing Line Lender pursuant to
Section 3.5.3(a) shall be deemed payment in respect of such participation. 
 (c) If any Euro Lender fails to make available
directly to Euro Funding Agent or purchase a risk participation in the applicable Euro Fronting Loan for the account of Euro Swing Line Lender any amount (the “Unfunded Euro Swing Line Amount”) required to be paid by such Euro
Lender pursuant to the foregoing provisions of this Section 3.5.3 by the time specified in Section 3.5.3(a), (i) Euro Swing Line Lender shall be entitled to recover from such Euro Lender (acting through Euro Funding
Agent), on demand, such amount with interest thereon for the 

  
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period from the date such payment is required to the date on which such payment is immediately available to Euro Swing Line Lender at a rate per annum equal to the applicable Overnight Rate from
time to time in effect, and (ii) for the avoidance of doubt, the Unfunded Euro Swing Line Amount shall become due and payable on the date specified in Section 6.3(b)(i). A certificate of Euro Swing Line Lender submitted to any Euro
Lender (through Euro Funding Agent) with respect to any amounts owing under this clause (c) shall be conclusive absent manifest error. 

(d) Each Euro Lender’s obligation to make Euro Committed Loans, to purchase risk participations in Euro Fronting Loans pursuant to this
Section 3.5.3 or to purchase and fund risk participations in Euro Swing Line Loans pursuant to this Section 3.5.3 shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any
setoff, counterclaim, recoupment, defense or other right which such Euro Lender may have against Euro Swing Line Lender, any Euro Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of a Default or
(iii) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided that each Euro Lender’s obligation to make Euro Committed Loans pursuant to this Section 3.5.3 is subject to the
conditions set forth in Section 8.2. No such funding of risk participations shall relieve or otherwise impair the obligation of any Euro Borrower to repay Euro Swing Line Loans, together with interest as provided herein. 

Section 3.5.4 Repayment of Participations. 

(a) At any time after any Euro Lender has purchased and funded a risk participation in a Euro Swing Line Loan, if Euro Swing Line Lender
receives any payment on account of such Euro Swing Line Loan, Euro Swing Line Lender will distribute to such Euro Lender its Applicable Tranche Percentage of such payment (appropriately adjusted, in the case of interest payments, to reflect the
period of time during which such Euro Lender’s risk participation was funded) in the same funds as those received by Euro Swing Line Lender. 

(b) If any payment received by Euro Swing Line Lender in respect of principal of or interest on any Euro Swing Line Loan is required to be
returned by Euro Swing Line Lender under any of the circumstances described in Section 14.5 (including pursuant to any settlement entered into by Euro Swing Line Lender in its discretion), each Euro Lender shall pay to Euro Swing Line
Lender its Applicable Tranche Percentage thereof on demand of Euro Funding Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the applicable Overnight Rate. Euro Funding
Agent will make such demand upon the request of Euro Swing Line Lender. The obligations of Euro Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

Section 3.5.5 Interest for Account of Euro Swing Line Lender. Euro Swing Line Lender shall be responsible for invoicing the
applicable Euro Borrowers for interest on the Euro Swing Line Loans. Until a Euro Lender funds its Euro Committed Loan or risk participation pursuant to Section 3.5.3 to refinance such Euro Lender’s Applicable Tranche Percentage of
any Euro Swing Line Loan, interest in respect of such Euro Lender’s Applicable Tranche Percentage shall be solely for the account of Euro Swing Line Lender. 

  
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 Section 3.5.6 Payments Directly to Euro Swing Line Lender. Each Euro Borrower shall
make all payments of principal and interest in respect of the Euro Swing Line Loans directly to Euro Swing Line Lender. 

Section 3.6 Euro Prepayments. 

Section 3.6.1 Prepayments of Committed Loans. Each Euro Borrower may, upon notice to Euro Funding Agent, at any time or from time
to time voluntarily prepay Euro Committed Loans in whole or in part without premium or penalty; provided that (a) such notice must be in a form acceptable to Euro Funding Agent and be received by Euro Funding Agent not later than 11:00
a.m., Brussels time, (i) three Business Days prior to any date of prepayment of Eurocurrency Rate Committed Loans denominated in an Alternative Currency, (ii) two Business Days prior to any date of prepayment of Eurocurrency Rate Committed
Loans denominated in Euros and (iii) on the date of prepayment of any Substitute Rate Loans; and (b) any prepayment of Eurocurrency Rate Committed Loans shall be in a principal amount permitted by Section 6.1.2 or, if less, the
entire principal amount thereof then outstanding, provided that if Euro Lenders have made any Euro Committed Loans pursuant to Section 3.5.3 or 5.3.2, then the applicable Euro Borrower may make a prepayment in any other
amount so long as, after giving effect thereto, the aggregate principal amount of all Eurocurrency Rate Committed Loans is in the principal Euro Equivalent amount of EUR 1,000,000 or a higher integral multiple of EUR 100,000. Each such notice shall
specify the date and amount of such prepayment and the Type(s) of Euro Committed Loans to be prepaid and, if Eurocurrency Rate Committed Loans are to be prepaid, the Interest Period(s) of such Eurocurrency Rate Committed Loans. Euro Funding Agent
will promptly notify each Euro Lender of its receipt of each such notice, and of the amount of such Euro Lender’s Applicable Tranche Percentage of such prepayment. If such notice is given by such Euro Borrower, then such Euro Borrower shall
make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Committed Loan shall be accompanied by all accrued interest on the amount prepaid,
together with any additional amount required pursuant to Section 7.5. Subject to Sections 3.2.4 and 6.8.3, each such prepayment shall be applied to the Euro Committed Loans of Euro Lenders in accordance with their
respective Applicable Tranche Percentages. 
 Section 3.6.2 Prepayments of Swing Line Loans. The applicable Euro Borrower may,
upon notice to Euro Swing Line Lender (with a copy to Euro Funding Agent), at any time or from time to time, voluntarily prepay any Euro Swing Line Loans in whole or in part without premium or penalty; provided that (a) such notice must
be received by Euro Swing Line Lender and Euro Funding Agent not later than 11:00 a.m., Brussels time, on the date of the prepayment, and (b) any such prepayment shall be in a minimum principal amount of EUR 500,000 for Euro denominated Euro
Swing Line Loans and £500,000 for Sterling denominated Swing Line Loans. Each such notice shall specify the date and amount of such prepayment. If such notice is given by such Euro Borrower, such Euro Borrower shall make such prepayment and
the payment amount specified in such notice shall be due and payable on the date specified therein. 
 Section 3.6.3 Prepayments Due
to Currency Fluctuations. Euro Funding Agent shall calculate the Euro Equivalent of the Euro Total Outstandings (but only with respect to Euro Loans denominated in an Alternative Currency) on each Revaluation Date. If on the Revaluation


  
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Date that occurs on the first Business Day of each calendar month, or such other times as Euro Funding Agent may determine in its reasonable discretion, such calculation reflects that, as of such
Revaluation Date, the Euro Equivalent of the Euro Total Outstandings exceeds an amount equal to 105% of the Euro Aggregate Commitments then in effect, then, within five Business Days after notice of such calculation from Euro Funding Agent to
Prologis, Euro Borrowers shall prepay the Euro Loans and/or Cash Collateralize the Euro L/C Obligations in an aggregate amount sufficient to reduce the Euro Equivalent of such Euro Total Outstandings as of such date of payment to an amount not to
exceed 100% of the Euro Aggregate Commitments then in effect, provided that solely for purposes of measuring compliance with this Section 3.6.3, the amount of Cash Collateral delivered to Euro Funding Agent under this
Section 3.6.3 shall be deemed to have reduced the Euro Total Outstandings. Subject to Section 3.2.4, each such prepayment shall be applied to the Euro Committed Loans of Euro Lenders in accordance with their respective
Applicable Tranche Percentages. 
 Section 3.6.4 Other Prepayments. If, on any date other than the Maturity Date, the Euro
Equivalent of the Euro Total Outstandings exceeds the Euro Aggregate Commitments then in effect and such excess is not due to a currency exchange fluctuation covered under Section 3.6.3, then, within two Business Days after notice from
Euro Funding Agent to Prologis, Euro Borrowers shall prepay the Euro Loans and/or Cash Collateralize the Euro L/C Obligations in an aggregate amount sufficient to reduce the Euro Equivalent of such Euro Total Outstandings as of such date of payment
to an amount not to exceed the Euro Aggregate Commitments then in effect, without regard to any minimum or multiples specified in Section 6.1.2 with respect to prepayments. Subject to Section 3.2.4, each such prepayment shall
be applied to the Euro Committed Loans of Euro Lenders in accordance with their respective Applicable Tranche Percentages. 

Section 3.7 Euro Bid Loans. 

Section 3.7.1 General. Subject to the terms and conditions set forth herein, each Euro Lender agrees that any Domestic Borrower
under the Euro Tranche may from time to time request the Euro Lenders to submit offers to make loans in Euros (each such loan, a “Euro Bid Loan”) to such Domestic Borrower from time to time on any Business Day during the
Availability Period pursuant to this Section 3.7; provided that immediately after giving effect to any Euro Bid Borrowing, (a) the Euro Total Outstandings shall not exceed the Euro Aggregate Commitments and (b) the
aggregate Outstanding Amount of all Euro Bid Loans shall not exceed the Euro Bid Loan Sublimit. There shall not be more than five different Interest Periods in effect with respect to Euro Bid Loans at any time. 

Section 3.7.2 Requesting Competitive Bids. A Domestic Borrower under the Euro Tranche may request the submission of Euro
Competitive Bids by delivering a Euro Bid Request to Euro Funding Agent not later than 12:00 noon, Applicable Time, four Business Days prior to the requested date of any Euro Bid Borrowing. Each Euro Bid Request shall specify (i) the requested
date of the Euro Bid Borrowing (which shall be a Business Day), (ii) the aggregate principal amount of Euro Bid Loans requested (which must be EUR 10,000,000 or a higher whole multiple of EUR 1,000,000), (iii) the Type of Euro Bid
Loans requested and (iv) the duration of the Interest Period with respect thereto, and shall be signed by a Responsible Officer of the applicable Borrower. No Euro Bid Request shall contain a request for (A) more than one


  
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Type of Euro Bid Loan or (B) Euro Bid Loans having more than three different Interest Periods. Unless Euro Funding Agent otherwise agrees in its sole discretion, a Euro Borrower may not
submit a Euro Bid Request if it has submitted another Euro Bid Request within the prior five Business Days. 
 Section 3.7.3
Submitting Competitive Bids. 
 (a) Euro Funding Agent shall promptly notify each Euro Lender of each Euro Bid Request received by it
and the contents of such Euro Bid Request. 
 (b) Each Euro Lender may (but shall have no obligation to) submit a Euro Competitive Bid
containing an offer to make one or more Euro Bid Loans in response to a Euro Bid Request. Such Euro Competitive Bid must be delivered to Euro Funding Agent not later than 10:00 a.m., Applicable Time, three Business Days prior to the requested date
of any Euro Bid Borrowing; provided that any Euro Competitive Bid submitted by Euro Funding Agent in its capacity as a Euro Lender in response to any Euro Bid Request must be submitted to Euro Funding Agent not later than 9:45 a.m.,
Applicable Time, on the date on which Euro Competitive Bids are required to be delivered by the other Euro Lenders in response to such Euro Bid Request. Each Euro Competitive Bid shall specify (A) the proposed date of the Euro Bid Borrowing;
(B) the principal amount of each Euro Bid Loan for which such Euro Competitive Bid is being made, which principal amount (x) may be equal to, greater than or less than the Euro Commitment of the bidding Euro Lender, (y) must be EUR
5,000,000 or a higher whole multiple of EUR 1,000,000, and (z) may not exceed the principal amount of Euro Bid Loans for which Euro Competitive Bids were requested; (C) if the proposed Euro Bid Borrowing is to consist of Absolute Rate Bid
Loans, the Absolute Rate offered for each such Euro Bid Loan and the Interest Period applicable thereto; (D) if the proposed Euro Bid Borrowing is to consist of Eurocurrency Margin Bid Loans, the Eurocurrency Bid Margin with respect to each
such Eurocurrency Margin Bid Loan and the Interest Period applicable thereto; and (E) the identity of the bidding Euro Lender. 
 (c)
Any Euro Competitive Bid shall be disregarded if it (A) is received after the required time specified in clause (b) above, (B) is not substantially in the form of a Euro Competitive Bid as specified herein, (C) contains
qualifying, conditional or similar language, (D) proposes terms other than or in addition to those set forth in the applicable Euro Bid Request, or (E) is otherwise not responsive to such Euro Bid Request. Any Euro Lender may correct a
Euro Competitive Bid containing a manifest error by submitting a corrected Euro Competitive Bid (identified as such) not later than the applicable time required for submission of Euro Competitive Bids. Any such submission of a corrected Euro
Competitive Bid shall constitute a revocation of the Euro Competitive Bid that contained the manifest error. Euro Funding Agent may, but shall not be required to, notify any Euro Lender of any manifest error it detects in such Euro Lender’s
Competitive Bid. 
 (d) Subject only to the provisions of Sections 7.2, 7.3 and 8.2 and clause (c) above,
each Euro Competitive Bid shall be irrevocable. 
 Section 3.7.4 Notice to Borrower of Competitive Bids. Not later than 11:00
a.m., Applicable Time, three Business Days prior to the requested date of any Euro Bid Borrowing, 

  
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Euro Funding Agent shall notify the applicable Borrower of the identity of each Euro Lender that has submitted a Euro Competitive Bid that complies with Section 3.7.3 and of the terms
of the offers contained in each such Euro Competitive Bid. 
 Section 3.7.5 Acceptance of Competitive Bids. Not later than 11:30
a.m., Applicable Time, three Business Days prior to the requested date of any Euro Bid Borrowing, the applicable Borrower shall notify Euro Funding Agent of its acceptance or rejection of the offers notified to it pursuant to
Section 3.7.4. The applicable Borrower shall be under no obligation to accept any Euro Competitive Bid and may choose to reject all Euro Competitive Bids. In the case of acceptance, such notice shall specify the aggregate principal
amount of Euro Competitive Bids for each Interest Period that is accepted. The applicable Borrower may accept any Euro Competitive Bid in whole or in part; provided that: 

(i) the aggregate principal amount of each Euro Bid Borrowing may not exceed the applicable amount set forth in the related
Euro Bid Request; 
 (ii) the principal amount of each Euro Bid Loan must be EUR 5,000,000 or a higher whole multiple of
EUR 1,000,000; 
 (iii) the acceptance of offers may be made only on the basis of ascending Absolute Rates or Eurocurrency
Bid Margins within each Interest Period; and 
 (iv) the applicable Borrower may not accept any offer that is described in
Section 3.7.3(c) or that otherwise fails to comply with the requirements hereof. 
 Section 3.7.6 Procedure for Identical
Bids. If two or more Euro Lenders have submitted Euro Competitive Bids at the same Absolute Rate or Eurocurrency Bid Margin, as the case may be, for the same Interest Period, and the result of accepting all of such Euro Competitive Bids in whole
(together with any other Euro Competitive Bids at lower Absolute Rates or Eurocurrency Bid Margins, as the case may be, accepted for such Interest Period in conformity with the requirements of Section 3.7.5) would be to cause the
aggregate outstanding principal amount of the applicable Euro Bid Borrowing to exceed the amount specified therefor in the related Euro Bid Request, then, unless otherwise agreed by the applicable Borrower, Euro Funding Agent and such Euro Lenders,
the applicable Borrower shall accept such Euro Competitive Bids as nearly as possible in proportion to the amount offered by each such Euro Lender in respect of such Interest Period, with such accepted amounts in each case being rounded to a whole
multiple of EUR 1,000,000. 
 Section 3.7.7 Notice to Lenders of Acceptance or Rejection of Bids. Euro Funding Agent shall
promptly notify each Euro Lender having submitted a Euro Competitive Bid whether or not its offer has been accepted and, if its offer has been accepted, of the amount of the Euro Bid Loan or Bid Loans to be made by it on the date of the applicable
Euro Bid Borrowing. Any Euro Competitive Bid or portion thereof that is not accepted by the applicable Borrower by the applicable time specified in Section 3.7.5 shall be deemed rejected. 

Section 3.7.8 Notice of Eurocurrency Rate. If any Euro Bid Borrowing is to consist of Eurocurrency Margin Bid Loans, Euro Funding
Agent (a) shall determine the Eurocurrency Rate for the relevant Interest Period and (b) promptly after making such determination, shall notify the applicable Borrower and the Euro Lenders that will be participating in such Euro Bid
Borrowing of such Eurocurrency Rate. 

  
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 Section 3.7.9 Funding of Euro Bid Loans. Each Euro Lender that has received notice
pursuant to Section 3.7.7 that all or a portion of its Euro Competitive Bid has been accepted by the applicable Borrower shall make the amount of its Euro Bid Loan(s) available to Euro Funding Agent in immediately available funds at Euro
Funding Agent’s Office not later than 1:00 p.m., Applicable Time, on the date of the requested Euro Bid Borrowing. Upon satisfaction of the applicable conditions set forth in Section 8.2, Euro Funding Agent shall make all funds so
received available to the applicable Borrower in like funds as received by Euro Funding Agent. 
 Section 3.7.10 Notice of Range of
Bids. After each Euro Competitive Bid auction pursuant to this Section 3.7, Euro Funding Agent shall notify each Euro Lender that submitted a Euro Competitive Bid in such auction of the ranges of bids submitted (without the
bidder’s name) and accepted for each Euro Bid Loan and the aggregate amount of each Euro Bid Borrowing. 
 ARTICLE IV 

YEN COMMITMENTS AND YEN CREDIT EXTENSIONS 

Section 4.1 Yen Committed Loans. Subject to the terms and conditions set forth herein, each Yen Lender severally agrees to make
loans (each such loan, a “Yen Committed Loan”) to each Yen Borrower, subject to Section 4.2, in Yen or in one or more Alternative Currencies of the Yen Tranche from time to time, on any Business Day during the
Availability Period, under the Yen Tranche, in an aggregate amount not to exceed at any time outstanding the amount of such Yen Lender’s Yen Commitment; provided that after giving effect to any Yen Committed Borrowing, (a) the Yen
Total Outstandings shall not exceed the Yen Aggregate Commitments and (b) the Yen Credit Exposure of any Yen Lender shall not exceed such Yen Lender’s Yen Commitment, provided, further, that any Yen Committed Loan denominated
in Yen may only be made to a Yen Borrower organized under the Laws of Japan or that is qualified to do business in Japan as a foreign entity. Within the limits of each Yen Lender’s Yen Commitment, Yen Borrowers may borrow under this
Section 4.1, prepay under Section 4.5 and reborrow under this Section 4.1. Yen Committed Loans may be Base Rate Loans (if denominated in Dollars), ABR Rate Loans (if denominated in Yen) or Eurocurrency Rate Loans,
as further provided herein. 
 Section 4.2 Yen Fronting Loans. 

Section 4.2.1 Yen Fronting Loans. Subject to the terms and conditions set forth in this Section 4.2, upon a request for
a Yen Committed Borrowing in an Alternative Currency, consisting of ABR Rate Loans or to a Foreign Borrower in compliance with Section 4.1, each Fronting Lender agrees, subject to the limitations set forth below, to fund its Fronting
Portion of such Yen Committed Borrowing in the requested currency with respect to such Yen Committed Borrowing and in the amount of each Yen Non-Qualified Lender’s Applicable Tranche Percentage for such Yen Committed Borrowing (each a
“Yen Fronting Loan”), notwithstanding the fact that, after giving effect to such funding, all Yen Fronting Loans of such Fronting Lender, 

  
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when aggregated with the Applicable Tranche Percentage of the Yen Credit Exposure of such Fronting Lender may exceed the amount of such Fronting Lender’s Yen Commitment; provided that
(a) after giving effect to any Yen Fronting Loan, the aggregate Dollar Equivalent amount of all Fronting Loans funded by such Fronting Lender shall not exceed the Fronting Commitment of such Fronting Lender, and (b) such Fronting Lender
shall not be a Yen Non-Qualified Lender with respect to such Yen Committed Borrowing. Immediately upon the making of a Yen Fronting Loan, the applicable Yen Non-Qualified Lender shall be deemed to, and hereby irrevocably and unconditionally agrees
to, purchase from such Fronting Lender a risk participation in 100% of such Yen Fronting Loan. The obligation of each Yen Non-Qualified Lender to make Yen Committed Loans in an Alternative Currency or consisting of ABR Rate Loans or to a Foreign
Borrower under Section 4.1 shall be satisfied by its purchase of a risk participation in the applicable Yen Fronting Loan; it being understood that no Yen Non-Qualified Lender shall be responsible for, or be deemed to be a Defaulting
Lender or otherwise in breach of this Agreement as a result of, the failure by a Fronting Lender to make a Fronting Loan in which such Yen Non-Qualified Lender is to purchase a risk participation. Notwithstanding any other provision herein, no more
than five Credit Extensions that utilize Yen Fronting Loans shall be made during any calendar month. 
 Section 4.2.2 Election of
Fronting Lenders. (a) Upon a request for a Yen Committed Borrowing in accordance with Section 4.3 in an Alternative Currency or consisting of ABR Rate Loans or to a Foreign Borrower with respect to which there are Yen
Non-Qualified Lenders, there shall be a Fronting Lender Election. If, based on the limitations set forth in the proviso to the first sentence of Section 4.2.1 or the last two sentences of Section 4.2.2(b) (the “Yen
Fronting Limitations”), the Fronting Commitments are not sufficient to fund all of the requested Yen Fronting Loans in such Alternative Currency or consisting of ABR Rate Loans or to a Foreign Borrower, then the applicable Yen Borrower
shall, within one Business Day after notice by Yen Funding Agent of such insufficiency, decrease the amount of the requested Yen Committed Borrowing to the amount that would result in utilization of the maximum available Fronting Commitments subject
to the Yen Fronting Limitations and if applicable, after giving effect to the following sentence. If one or more Yen Lenders are Yen Non-Qualified Lenders solely because such Yen Lenders are not capable of making requested Yen Committed Loans to a
Foreign Borrower without the imposition of withholding taxes (each a “Yen Specified Lender”), such Borrower may, within one Business Day after notice by Yen Funding Agent of the insufficiency, notify Yen Funding Agent that it will
accept responsibility for such withholding taxes with respect to such Yen Committed Borrowing, in which case (i) Yen Funding Agent and the Fronting Lenders shall allocate the available Fronting Commitments (A) first, to cover any portion
of such Borrowing that will not be funded by a Yen Lender because it is a Non-Qualified Lender for a reason other than potential withholding taxes and (B) then, to cover the remaining amount of such Borrowing, in each case up to the maximum
available Fronting Commitments, subject to the Yen Fronting Limitations, (ii) the participations in any Fronting Loans made pursuant to clause (i)(B) above shall be allocated among the Yen Specified Lenders pro rata according to their
respective Yen Commitments, (iii) each Yen Specified Lender shall fund its pro rata share of such Borrowing to the extent not funded by the Fronting Lenders and (iv) such Borrower shall pay or reimburse each Yen Specified Lender for any
withholding tax arising from such Borrowing in accordance with Section 7.1. 

  
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 (b) Each Non-Qualified Japan Lender with respect to the Yen Tranche (i) represents and
warrants to each applicable Fronting Lender that (A) the purchase of a risk participation in such Fronting Loan by such Non-Qualified Japan Lender and (B) the funding of such risk participation in such Fronting Loan by such Non-Qualified
Japan Lender will not violate any applicable Law (including any Law of Japan), and (ii) agrees to indemnify such Fronting Lender for all losses, claims, damages, liabilities and related expenses (including the reasonable fees, charges and
disbursements of any counsel for such Fronting Lender) incurred by such Fronting Lender or asserted against such Fronting Lender arising from any Fronting Loan made by such Fronting Lender pursuant to Section 4.2.1. Without limiting the
foregoing, no Fronting Lender shall be obligated to make any Fronting Loan pursuant to Section 4.2.1 if such Fronting Lender determines that any representation or warranty of the applicable Non-Qualified Japan Lender in clause
(i) of the preceding sentence is not accurate. Notwithstanding the foregoing provisions of this Section 4.2.2(b), no Fronting Lender shall make a Fronting Loan in which a Non-Qualified Japan Lender would be required to purchase
a risk participation if such Non-Qualified Japan Lender has notified such Fronting Lender at least two Business Days prior to the proposed date of borrowing (with copies to Yen Funding Agent and Prologis) that, as a result of a Change in Law, such
Lender cannot make the representation and warranty set forth in the first sentence of this Section 4.2.2(b). 

Section 4.2.3 Refinancing of the Yen Fronting Loans. 

(a) (i) On the Trigger Date, Yen Funding Agent shall notify each Yen Non-Qualified Lender of its obligation to fund its participation in
each applicable Yen Fronting Loan. Each applicable Yen Non-Qualified Lender shall make the amount of its participation in each applicable Yen Fronting Loan specified in such notice available to Yen Funding Agent in Same Day Funds for the account of
the applicable Fronting Lender at Yen Funding Agent’s Office for payments in the same currency as the applicable Yen Fronting Loan not later than 1:00 p.m., Tokyo time, on the Business Day specified in such notice. 

(ii) To the extent that a Yen Non-Qualified Lender that has a risk participation in a Yen Fronting Loan assigns all or part of its interest in
such risk participation under Section 14.6 to a Yen Qualified Lender for purposes of such Yen Fronting Loan, then such Yen Qualified Lender shall make the amount of its assigned participation in such Yen Fronting Loan available to Yen
Funding Agent in Same Day Funds for the account of the applicable Fronting Lender at Yen Funding Agent’s Office for payments in the same currency as the applicable Yen Fronting Loan not later than 1:00 p.m., Tokyo time, on the third Business
Day following the effective date of the assignment. 
 (b) If any applicable Yen Lender fails to make available to any Fronting Lender any
amount required to be paid by such Yen Lender pursuant to the foregoing provisions of this Section 4.2.3 by the time specified in Section 4.2.3(a), the applicable Fronting Lender shall be entitled to recover from such Yen
Lender (acting through Yen Funding Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to such Fronting Lender at a rate per annum
equal to the applicable Overnight Rate from time to time in effect. A certificate of a Fronting Lender submitted to any applicable Yen Lender (through Yen Funding Agent) with respect to any amount owing under this clause (b) shall
be conclusive absent manifest error. 

  
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 (c) Each applicable Yen Lender’s obligation to purchase and fund risk participations in Yen
Fronting Loans pursuant to this Section 4.2.3 shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right which such Yen Lender may
have against the applicable Fronting Lender, any Yen Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of a Default or (iii) any other occurrence, event or condition, whether or not similar to any
of the foregoing. No such funding of risk participations shall relieve or otherwise impair the obligation of any Yen Borrower to repay any Fronting Lender, together with interest as provided herein. 

(d) At any time after any Yen Lender has purchased and funded a risk participation in a Yen Fronting Loan, if the applicable Fronting Lender
receives any payment on account of such Fronting Loan, such Fronting Lender will distribute to such Yen Lender such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Yen Lender’s
risk participation was funded) in the same funds and currency as those received by the applicable Fronting Lender. 
 (e) If any payment
received by any Fronting Lender (and paid to a Yen Lender) in respect of principal of or interest on any Yen Fronting Loan is required to be returned by such Fronting Lender under any of the circumstances described in Section 14.5
(including pursuant to any settlement entered into by such Fronting Lender in its discretion), such Yen Lender shall pay to such Fronting Lender in the applicable currency of such Yen Fronting Loan the amount of such payment in respect of such Yen
Fronting Loan on demand of Yen Funding Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the applicable Overnight Rate. Yen Funding Agent will make such demand upon the
request of the applicable Fronting Lender. The obligations of Yen Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

Section 4.2.4 Payments for Account of the applicable Fronting Lender. Notwithstanding any other provision of this Agreement, until
a Yen Lender funds its risk participation pursuant to this Section 4.2 to refinance such Yen Lender’s applicable Yen Fronting Loan, all payments made hereunder in respect of the portion of any Yen Committed Loans that was funded in
part by a Fronting Lender shall be solely for the account of the applicable Fronting Lender. 
 Section 4.2.5 Defaulting Lender.
Notwithstanding the foregoing, no Fronting Lender shall be required to make a Yen Fronting Loan with respect to which there is a Yen Non-Qualified Lender that is a Defaulting Lender at the time of the receipt by Yen Funding Agent of the applicable
Yen Committed Loan Notice or at any time prior to the funding of such Yen Fronting Loan. In addition, to the extent (a) a Yen Fronting Loan is outstanding, (b) a Yen Non-Qualified Lender becomes a Defaulting Lender and (c) the
applicable Fronting Lender makes a demand for repayment to the applicable Yen Borrower, then such Yen Borrower shall repay such Yen Fronting Loan (i) on or before the earlier of (A) 30 days following receipt of such demand or (B) the
fifth day following the last day of the applicable Interest Period ending after receipt of such demand or (ii) if no Interest Period is in effect with respect to such Yen Fronting Loan, within ten days following receipt of such demand. If any
such Yen Fronting Loan is not repaid in full on the last day of an Interest Period (if applicable or required under clause (i)(B) above), subject to Section 6.4.2, such Yen Fronting Loan shall bear interest at the Money
Market Rate plus the Applicable Margin until such payment is made hereunder. 

  
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 Section 4.3 Yen Committed Borrowings, Conversions and Continuations of Yen Committed
Loans. 
 Section 4.3.1 Procedures for Yen Committed Borrowings. Each Yen Committed Borrowing, each conversion of Yen
Committed Loans from one Type to the other and each continuation of Eurocurrency Rate Committed Loans shall be made upon the requesting Yen Borrower’s irrevocable notice to Yen Funding Agent, which may be given by (A) telephone, or
(B) a Yen Committed Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to Yen Funding Agent of a Yen Committed Loan Notice. Each such notice must be received by Yen Funding Agent not later than
11:00 a.m., Tokyo time, (a) three Business Days prior to the requested date of any Yen Committed Borrowing of, conversion to or continuation of Eurocurrency Rate Committed Loans and (b) two Business Days prior to the date of any Yen
Committed Borrowing of Base Rate Committed Loans or ABR Rate Loans. Each Yen Committed Borrowing of, conversion to or continuation of Eurocurrency Rate Committed Loans shall be in a principal amount permitted by Section 6.1.1, and except
as provided in Section 5.3, each Yen Committed Borrowing of or conversion to Base Rate Committed Loans or ABR Rate Loans shall be in a principal amount permitted by Section 6.1.1. Each Yen Committed Loan Notice shall specify
(i) the jurisdiction of the applicable Yen Borrower and whether such Borrower is a Foreign Borrower, (ii) whether the applicable Yen Borrower is requesting a Yen Committed Borrowing, a conversion of Yen Committed Loans from one Type to the
other, or a continuation of Eurocurrency Rate Committed Loans, (iii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iv) the principal amount of Yen Committed Loans to
be borrowed, converted or continued, (v) the Type of Yen Committed Loans to be borrowed or to which existing Yen Committed Loans are to be converted, (vi) if applicable, the duration of the Interest Period with respect thereto and
(vii) the currency of the Yen Committed Loans to be borrowed or converted. If the requesting Yen Borrower fails to specify a currency in a Yen Committed Loan Notice requesting a Yen Committed Borrowing, then the Yen Committed Loans so requested
shall be made in Yen. If the requesting Yen Borrower fails to specify a Type of Yen Committed Loan in a Yen Committed Loan Notice or fails to give a timely notice requesting a conversion or continuation, then (A) if the applicable Yen Committed
Loans are denominated in Dollars, such Yen Committed Loans shall be made as, or converted to, Base Rate Loans; (B) if the applicable Yen Committed Loans are denominated in Yen, such Yen Committed Loans shall be made as, or converted to, ABR
Rate Loans; and (C) if the applicable Yen Committed Loans are denominated in a currency other than Dollars or Yen, such Yen Committed Loans shall be made in the currency requested or, in the case of a continuation, continued in the same
currency, as Eurocurrency Rate Committed Loans with an Interest Period of one month. Any automatic conversion to Base Rate Loans or ABR Rate Loan, as applicable, shall be effective as of the last day of the Interest Period then in effect with
respect to the applicable Eurocurrency Rate Committed Loans. If the requesting Yen Borrower requests a Borrowing of, conversion to or continuation of Eurocurrency Rate Committed Loans in any such Yen Committed Loan Notice, but fails to specify an
Interest Period, it will be deemed to have specified an Interest Period of one month. No Yen Committed Loan may be converted into or continued as a Yen Committed Loan denominated in a different currency, but instead must be repaid in the original
currency of such Yen Committed Loan and reborrowed in the other currency. 

  
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 Section 4.3.2 Funding of Yen Committed Loans. Following receipt of a Yen Committed
Loan Notice, Yen Funding Agent shall promptly notify each Yen Lender of the amount (and currency) of its Applicable Tranche Percentage of the applicable Yen Committed Borrowings, and if no timely notice of a conversion or continuation is provided by
the applicable Yen Borrower, Yen Funding Agent shall notify each Yen Lender of the details of any automatic conversion to Base Rate Loans or continuation of Yen Committed Loans denominated in a currency other than Dollars, in each case as described
in the preceding Section. In the case of a Yen Committed Borrowing, each Yen Qualified Lender and the applicable Fronting Lender, if any, shall make the amount of its Yen Committed Loan available to Yen Funding Agent in Same Day Funds at Yen Funding
Agent’s Office for the applicable currency not later than 12:00 noon, Tokyo time, in the case of any Yen Committed Loan denominated in Yen, and not later than the Applicable Time specified by Yen Funding Agent in the case of any Yen Committed
Loan in an Alternative Currency of the Yen Tranche, in each case on the Business Day specified in the applicable Yen Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 8.2 (and, if such Yen
Committed Borrowing is the initial Credit Extension, Section 8.1), Yen Funding Agent shall make all funds so received available to the applicable Yen Borrower in like funds as received by Yen Funding Agent either by (a) crediting
the account of such Yen Borrower on the books of Yen Funding Agent with the amount of such funds or (b) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) Yen Funding Agent by
the requesting Yen Borrower; provided that if, on the date a Yen Committed Loan Notice with respect to a Yen Committed Borrowing denominated in Yen is given by the requesting Yen Borrower, such Yen Borrower has outstanding Yen L/C Borrowings,
then the proceeds of such Yen Committed Borrowing, first, shall be applied to the payment in full of such Yen L/C Borrowings, and, second, shall be made available to the requesting Yen Borrower as provided above. 

Section 4.3.3 Certain Continuations and Conversions. Except as otherwise provided herein, a Eurocurrency Rate Committed Loan may
be continued or converted only on the last day of an Interest Period for such Eurocurrency Rate Committed Loan. During the existence of a Default, the Yen Required Lenders may at their option, by notice to the Yen Borrowers (which notice may be
revoked at the option of Yen Required Lenders notwithstanding any provision of Section 14.1) declare that (a) no Yen Committed Loans denominated in Yen or Dollars may be requested as, converted to or continued as Eurocurrency Rate
Committed Loans and (b) no Yen Committed Loans denominated in any other Alternative Currency may be requested or continued as Eurocurrency Rate Committed Loans, other than as Eurocurrency Rate Committed Loan with an Interest Period of one
month. 
 Section 4.3.4 Notice of Rates. Yen Funding Agent shall promptly notify each applicable Yen Borrower and Yen Lenders of
the interest rate applicable to any Interest Period for Eurocurrency Rate Committed Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, Yen Funding Agent shall notify each applicable Yen Borrower and Yen
Lenders of any change in U.S. Funding Agent’s “prime rate” used in determining the Base Rate for Yen Committed Loan denominated in Dollars promptly following the public announcement of such change. At any time that ABR Rate Loans are
outstanding, 

  
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Yen Funding Agent shall notify each applicable Yen Borrower and Yen Lenders of any change in Yen Funding Agent’s “prime rate” used in determining the ABR Rate for Yen Committed
Loans denominated in Yen promptly following the public announcement of such change. 
 Section 4.3.5 Number of Interest Periods.
After giving effect to all Yen Committed Borrowings, all conversions of Yen Committed Loans from one Type to the other, and all continuations of Yen Committed Loans as the same Type, there shall not be more than 20 Interest Periods in effect with
respect to Yen Committed Loans. 
 Section 4.4 Yen Letters of Credit. Subject to the terms and conditions set forth herein,
(a) each Yen L/C Issuer agrees, in reliance upon the agreements of Yen Lenders set forth in this Section 4.4 and Article V, (i) from time to time on any Business Day during the Availability Period, to issue Yen Letters
of Credit denominated in Yen for the account of any Yen Borrower or any Eligible Affiliate, and to amend or extend Yen Letters of Credit previously issued by it, in accordance with Section 5.2, and (ii) to honor drawings under the
applicable Yen Letters of Credit; and (b) Yen Lenders severally agree to participate in Yen Letters of Credit issued for the account of any Yen Borrower or any Eligible Affiliates and any drawings thereunder; provided that after giving
effect to any Yen L/C Credit Extension with respect to any Yen Letter of Credit, (x) the Yen Total Outstandings shall not exceed the Yen Aggregate Commitments, (y) the Yen Credit Exposure of any Yen Lender shall not exceed such Yen
Lender’s Yen Commitment and (z) the Yen Outstanding Amount of the Yen L/C Obligations shall not exceed the Yen Letter of Credit Sublimit. Within the foregoing limits, any Yen Borrower’s ability to obtain Yen Letters of Credit shall be
fully revolving, and accordingly each Yen Borrower may, during the foregoing period, obtain Yen Letters of Credit to replace Yen Letters of Credit that have expired or that have been drawn upon and reimbursed. All Yen Existing Letters of Credit
shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof. 

Section 4.5 Yen Prepayments. 

Section 4.5.1 Prepayments of Yen Committed Loans. Each Yen Borrower may, upon notice to Yen Funding Agent, at any time or from time
to time voluntarily prepay Yen Committed Loans in whole or in part without premium or penalty; provided that (a) such notice must be in a form acceptable to Yen Funding Agent and be received by Yen Funding Agent not later than 11:00
a.m., Tokyo time, (i) three Business Days prior to any date of prepayment of Eurocurrency Rate Committed Loans and (ii) two Business Days prior to any date of prepayment of Base Rate Committed Loans and ABR Rate Loans; and (b) any
prepayment of Yen Committed Loans shall be in a principal amount permitted by Section 6.1.2, or, if less, the entire principal amount thereof then outstanding; provided that if Yen Lenders have made any Yen Committed Loans
pursuant to 5.3.2, then the applicable Yen Borrower may make a prepayment in any other amount so long as, after giving effect thereto, the aggregate principal amount of all ABR Rate Loans is in an integral multiple of ¥100,000,000. Each
such notice shall specify the date and amount of such prepayment and the Type(s) of Yen Committed Loans to be prepaid and, if Eurocurrency Rate Committed Loans are to be prepaid, the Interest Period(s) of such Yen Committed Loans. Yen Funding Agent
will promptly notify each Yen Lender of its receipt of each such notice and of the amount of such Yen Lender’s Applicable Tranche Percentage of such prepayment. If such notice is given by such Yen Borrower, then such Yen Borrower shall make


  
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such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Committed Loan shall be accompanied
by all accrued interest on the amount prepaid, together with any additional amount required pursuant to Section 7.5. Subject to Sections 4.2.4 and 6.8.3, each such prepayment shall be applied to the Yen Committed Loans of
Yen Lenders in accordance with their respective Applicable Tranche Percentages. 
 Section 4.5.2 Prepayments due to Currency
Fluctuations. Yen Funding Agent shall calculate the Yen Equivalent of the Yen Total Outstandings on each Revaluation Date (but only with respect to Yen Committed Loans denominated in an Alternative Currency). If on the Revaluation Date that
occurs on the first Business Day of each calendar month, or such other times as Yen Funding Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, Yen Equivalent of the Yen Total Outstandings
exceeds an amount equal to 105% of the Yen Aggregate Commitments then in effect, then, within five Business Days after notice of such calculation from Yen Funding Agent to Prologis, Yen Borrowers shall prepay the Yen Committed Loans and/or Cash
Collateralize the Yen L/C Obligations in an aggregate amount sufficient to reduce the Yen Equivalent of such Yen Total Outstandings as of such date of payment to an amount not to exceed 100% of the Yen Aggregate Commitments then in effect,
provided that solely for purposes of measuring compliance with this Section 4.5.2, the amount of Cash Collateral delivered to Yen Funding Agent under this Section 4.5.2 shall be deemed to have reduced the Yen Total
Outstandings. Subject to Section 4.2.4, each such prepayment shall be applied to the Yen Committed Loans of Yen Lenders in accordance with their respective Applicable Tranche Percentages. 

Section 4.5.3 Other Prepayments. If, on any date other than the Maturity Date, the Yen Equivalent of the Yen Total Outstandings
exceeds the Yen Aggregate Commitments then in effect and such excess is not due to a currency exchange fluctuation covered under Section 4.5.2, then, within two Business Days after notice from Yen Funding Agent to Prologis, Yen Borrowers
shall prepay the Yen Committed Loans and/or Cash Collateralize the Yen L/C Obligations in an aggregate amount sufficient to reduce the Yen Equivalent of such Yen Total Outstandings as of such date of payment to an amount not to exceed the Yen
Aggregate Commitments then in effect, without regard to any minimum or multiples specified in Section 6.1.2 with respect to prepayments. Subject to Section 4.2.4, each such prepayment shall be applied to the Yen Committed
Loans of Yen Lenders in accordance with their respective Applicable Tranche Percentages. 
 ARTICLE V 

GENERAL PROVISIONS APPLICABLE TO LETTERS OF CREDIT 

Section 5.1 Limitations on Obligations to Issue Letters of Credit. 

Section 5.1.1 Prohibited Issuances. No L/C Issuer shall issue any Letter of Credit, if: 

(a) subject to Section 5.2.3, the expiry date of such requested Letter of Credit would occur more than 12 months after the date of
issuance (or, if applicable, the most recent extension) thereof, unless the applicable Tranche Required Lenders have approved such expiry date; or 

  
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 (b) the expiry date of such requested Letter of Credit would occur after the Letter of Credit
Expiration Date. 
 Section 5.1.2 Limitations on Obligations of L/C Issuers. No L/C Issuer shall be under any obligation to
issue any Letter of Credit if: 
 (a) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport
to enjoin or restrain such L/C Issuer from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such L/C
Issuer shall prohibit, or request that such L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such L/C Issuer with respect to such Letter of Credit any restriction,
reserve or capital requirement (for which such L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing
Date and which such L/C Issuer in good faith deems material to it; 
 (b) the issuance of such Letter of Credit would violate one or more
policies of such L/C Issuer; 
 (c) except as otherwise agreed by the applicable Funding Agent and the applicable L/C Issuer, such Letter of
Credit would be in an initial stated amount of less than $100,000 for a U.S. Letter of Credit denominated in Dollars, Cdn$100,000 for a U.S. Letter of Credit denominated in Canadian Dollars, EUR 100,000 for a Euro Letter of Credit denominated in
Euro, £100,000 for a Euro Letter of Credit denominated in Sterling and ¥100,000,000 for a Yen Letter of Credit; 
 (d)
(i) with respect to a U.S. Letter of Credit, such Letter of Credit is to be denominated in a currency other than Dollars or Canadian Dollars, (ii) with respect to a Euro Letter of Credit, such Letter of Credit is to be denominated in a
currency other than Euro or Sterling, and (iii) with respect to a Yen Letter of Credit, such Letter of Credit is to be denominated in a currency other than Yen; 

(e) such Letter of Credit contains any provision for automatic reinstatement of the stated amount after any drawing thereunder; or 

(f) any Applicable Tranche Lender has failed to fund any amount required under Section 5.3.1 or 5.3.2, unless such failure
has been cured, or is at such time a Defaulting Lender, unless (i) such L/C Issuer has entered into satisfactory arrangements with the applicable Borrower or such Applicable Tranche Lender to eliminate such L/C Issuer’s risk with respect
to such Lender and/or (ii) Cash Collateral has been provided by the applicable Borrowers in accordance with Section 5.7.2. 

Section 5.1.3 Limitations on Amendments. No L/C Issuer shall be under any obligation to renew, extend the expiry date for or
increase the amount of any Letter of Credit if 

  
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(a) such L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof or (b) the beneficiary of such Letter of Credit does not
accept the proposed amendment to such Letter of Credit. 
 Section 5.1.4 Authorization of L/C Issuers. Each L/C Issuer shall act
on behalf of the Applicable Tranche Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and each L/C Issuer shall have all of the benefits and immunities (a) provided to Agents in Article
XIII with respect to any acts taken or omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term
“Agent” as used in Article XIII included such L/C Issuer with respect to such acts or omissions, and (b) as additionally provided herein with respect to such L/C Issuer. 

Section 5.2 Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit. 

Section 5.2.1 Requests for Issuance or Amendment. Each Letter of Credit shall be issued or amended, as the case may be, upon the
request of any Borrower delivered to the applicable L/C Issuer (with a copy to the applicable Funding Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of such Borrower. Such Letter of
Credit Application must be received by the applicable L/C Issuer and the applicable Funding Agent not later than 11:00 a.m., Applicable Time, at least three Business Days (or, in each case, such later date and time as such L/C Issuer and such
Funding Agent may both agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, the applicable
Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer: (a) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (b) the amount thereof;
(c) the expiry date thereof; (d) the name and address of the beneficiary thereof; (e) the documents to be presented by such beneficiary in case of any drawing thereunder; (f) the full text of any certificate to be presented by
such beneficiary in case of any drawing thereunder; (g) in the case of a request for a U.S. Letter of Credit or a Euro Letter of Credit, the applicable currency thereof; and (h) such other matters as the applicable L/C Issuer may
reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer: (i) the Letter of Credit
to be amended; (ii) the proposed date of amendment thereof (which shall be a Business Day); (iii) the nature of the proposed amendment; and (iv) such other matters as the applicable L/C Issuer may reasonably require. Additionally, the
requesting Borrower shall furnish to the applicable L/C Issuer and the applicable Funding Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as such
L/C Issuer or Funding Agent may reasonably require. 
 Section 5.2.2 Issuance Procedures. Promptly after receipt of any Letter
of Credit Application, the applicable L/C Issuer will confirm with the applicable Funding Agent (by telephone or in writing) that such Funding Agent has received a copy of such Letter of Credit Application from the requesting Borrower and, if not,
such L/C Issuer will provide such Funding Agent with a copy thereof. Unless such L/C Issuer has received written notice from Global 

  
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Administrative Agent, the applicable Funding Agent or any Credit Party, at least one Business Day prior to the requested date of issuance or amendment of a Letter of Credit, that one or more
applicable conditions contained in Article VIII shall not then be satisfied, then, subject to the terms and conditions hereof, such L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the requesting Borrower
(or the applicable Eligible Affiliate) or enter into the applicable amendment, as the case may be, in each case in accordance with such L/C Issuer’s usual and customary business practices. Immediately upon the issuance of each Letter of Credit,
each Applicable Tranche Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s
Applicable Tranche Percentage times the amount of such Letter of Credit. 
 Section 5.2.3 Auto-Extension Letters of
Credit. If any Borrower so requests in a Letter of Credit Application, the applicable L/C Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an
“Auto-Extension Letter of Credit”); provided that any Auto-Extension Letter of Credit must permit such L/C Issuer to prevent any such extension at least once in each 12 month period (commencing with the date of issuance of
such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such 12 month period to be agreed upon at the time such Letter of Credit is issued. Unless
otherwise directed by such L/C Issuer, the applicable Borrower shall not be required to make a specific request to such L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Applicable Tranche Lenders shall
be deemed to have authorized (but may not require) the applicable L/C Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided that such L/C Issuer
shall not permit any such extension if (a) such L/C Issuer has determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by
reason of the provisions of Section 5.1.1(a) or Section 5.1.1(b) or otherwise), or (b) it has received notice (which may be by telephone or in writing) on or before the day that is five Business Days before the
Non-Extension Notice Date (1) from Global Administrative Agent or the applicable Funding Agent, that the applicable Tranche Required Lenders have elected not to permit such extension or (2) from Global Administrative Agent, the applicable
Funding Agent or any Credit Party that one or more of the applicable conditions specified in Section 8.2 is not then satisfied, and in each such case directing such L/C Issuer not to permit such extension. 

Section 5.2.4 Notice of Issuance. Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an
advising bank with respect thereto or to the beneficiary thereof, the applicable L/C Issuer will also deliver to the applicable Borrower and the applicable Funding Agent a true and complete copy of such Letter of Credit or amendment. 

Section 5.3 Drawings and Reimbursements; Funding of Participations. 

Section 5.3.1 Procedures Upon Drawing. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under
such Letter of Credit, the applicable L/C Issuer shall notify the applicable Borrower and the applicable Funding Agent thereof. Not later than 10:00 a.m., Applicable Time, on the date of any payment by an L/C Issuer under a Letter of


  
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Credit (each such date, an “Honor Date”), the applicable Borrower shall reimburse such L/C Issuer through the applicable Funding Agent in an amount equal to the amount of such
drawing; provided that, with respect to a U.S. Letter of Credit denominated in Canadian Dollars, the applicable Borrower shall reimburse the U.S. L/C Issuer in Dollars in an amount equal to the Dollar Equivalent amount of such drawing. If the
applicable Borrower fails to so reimburse an L/C Issuer by such time, the applicable Funding Agent shall promptly notify each Applicable Tranche Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed
Amount”) and the amount of such Applicable Tranche Lender’s Applicable Tranche Percentage thereof. In such event, the applicable Borrower shall be deemed to have requested a Committed Borrowing of the Specified Type (as defined below)
to be disbursed on the first Business Day after the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified elsewhere in this Agreement for the principal amount of a Committed Borrowing, but
subject to the amount of the unutilized portion of the Aggregate Tranche Commitment and the conditions set forth in Section 8.2 (other than the delivery of a Committed Loan Notice). To the extent that any Unreimbursed Amount under the
Euro Tranche is in Sterling and there are Euro Non-Qualified Lenders with respect to Sterling, then Euro Funding Agent may elect a Fronting Lender in accordance with Section 3.2 on behalf of the applicable Euro Borrower (which hereby
irrevocably authorizes Euro Funding Agent to so elect on its behalf); provided that to the extent that there are no available Fronting Lenders, then such portion of the Unreimbursed Amount shall be converted to Euro based on the Euro
Equivalent amount of such portion and refinanced as a Eurocurrency Rate Loan in Euro with an Interest Period of one month. Any notice given by an L/C Issuer or a Funding Agent pursuant to this Section 5.3.1 may be given by telephone if
immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. For purposes of the foregoing, “Specified Type” means
(a) with respect to the U.S. Tranche, Base Rate Loans; (b) with respect to the Yen Tranche, ABR Rate Loans; and (c) with respect to the Euro Tranche, a Eurocurrency Rate Loan with an Interest Period of one month. 

Section 5.3.2 Reimbursement via Committed Borrowing. Each Applicable Tranche Lender (or, in the case of a Euro Letter of Credit,
each Euro Qualified Lender and each applicable Fronting Lender) shall upon receipt of any notice pursuant to Section 5.3.1 make funds available to the applicable Funding Agent for the account of the applicable L/C Issuer, in the
applicable currency of the applicable Letter of Credit, at such Funding Agent’s Office in an amount equal to each such Applicable Tranche Lender’s Applicable Tranche Percentage (or, in the case of a Euro Letter of Credit, each Euro
Qualified Lender’s Applicable Tranche Percentage and each applicable Fronting Lender’s Euro Fronting Loan) of the Unreimbursed Amount not later than 12:00 noon, Applicable Time, on the Business Day specified in such notice by such Funding
Agent, whereupon, subject to the provisions of Section 5.3.3, each Applicable Tranche Lender (or in the case of a Euro Letter of Credit, the Euro Qualified Lender and the Fronting Lender) that so makes funds available shall be deemed to
have made a Committed Loan to the applicable Borrower in such amount. The applicable Funding Agent shall remit the funds so received to the applicable L/C Issuer. 

Section 5.3.3 L/C Borrowings. With respect to any Unreimbursed Amount that is not fully refinanced by a Committed Borrowing
because the conditions set forth in Section 8.2 cannot be satisfied or for any other reason, the applicable Borrower shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in the amount of the Unreimbursed


  
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Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest), in the currency in which payment was made under the applicable Letter of Credit
(or with respect to a U.S. Letter of Credit denominated in Canadian Dollars, in Dollars) and shall bear interest at the Default Rate for the applicable Specified Type; provided that to the extent that a Euro L/C Borrowing is in Sterling and
there are Euro Non-Qualified Lenders with respect to Sterling, then the aggregate amount of the Euro L/C Borrowing shall be converted to Euro based on the Euro Equivalent amount of such Euro L/C Borrowing and shall bear interest at the Default Rate
for a Eurocurrency Rate Loan with an Interest Period of one month. In such event, each applicable Lender’s payment to the applicable Funding Agent for the account of such L/C Issuer pursuant to this Section 5.3.3 shall be deemed
payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 5.3. For the avoidance of doubt, any Committed
Borrowing, L/C Borrowing or L/C Advance with respect to a U.S. Letter of Credit denominated in Canadian Dollars shall be made in Dollars based on the Dollar Equivalent amount thereof. 

Section 5.3.4 Interest Prior to Lender Payments. Until an Applicable Tranche Lender (and, in the case of the Euro Tranche, a
Fronting Lender) funds its Committed Loan or L/C Advance pursuant to this Section 5.3 to reimburse the applicable L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of the Committed Loan or L/C Advance to be
made by such Applicable Tranche Lender (or such Fronting Lender) shall be solely for the account of such L/C Issuer. 
 Section 5.3.5
Lender Obligations Unconditional. Each Applicable Tranche Lender’s (and, if applicable, Fronting Lender’s) obligation to make Committed Loans or L/C Advances or to purchase risk participations in Fronting Loans in order to reimburse
the applicable L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 5.3, shall be absolute and unconditional and shall not be affected by any circumstance, including: (a) any setoff, counterclaim,
recoupment, defense or other right which such Lender may have against such L/C Issuer, any Borrower, any Eligible Affiliate or any other Person for any reason whatsoever; (b) the occurrence or continuance of a Default or (c) any other
occurrence, event or condition, whether or not similar to any of the foregoing; provided that each such Person’s obligation to make Committed Loans pursuant to this Section 5.3 is subject to the conditions set forth in
Section 8.2 (other than delivery by the applicable Borrower of a Committed Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the applicable Borrower to reimburse the applicable L/C Issuer
for the amount of any payment made by such L/C Issuer under any Letter of Credit, together with interest as provided herein. 

Section 5.3.6 Interest on Overdue Amounts. If any Applicable Tranche Lender (or, in the case of the Euro Tranche, Fronting Lender)
fails to make available directly to the applicable Funding Agent for the account of the applicable L/C Issuer any amount required to be paid by such Lender (or Fronting Lender) pursuant to the foregoing provisions of this Section 5.3 by
the time specified in Section 5.3.2, such L/C Issuer shall be entitled to recover from such Person (acting through the applicable Funding Agent), on demand, such amount with interest thereon for the period from the date such payment is
required to the date on which such payment is immediately available to such L/C Issuer at a rate per annum equal to the applicable Overnight Rate from time to time in effect. A certificate of an L/C Issuer submitted to any Lender (through the
applicable Funding Agent) with respect to any amount owing under this Section 5.3.6 shall be conclusive absent manifest error. 

  
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 Section 5.4 Repayment of Participations. 

Section 5.4.1 Payments by L/C Issuers. At any time after an L/C Issuer has made a payment under any Letter of Credit and has
received from any Applicable Tranche Lender (or, in the case of the Euro Tranche, any Fronting Lender) such Person’s L/C Advance in respect of such payment in accordance with Section 5.3, if the applicable Funding Agent receives for
the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the applicable Borrower or otherwise, including proceeds of Cash Collateral of the applicable Tranche applied thereto
by the applicable Funding Agent), the applicable Funding Agent will distribute to such Applicable Tranche Lender (or Fronting Lender) its Applicable Tranche Percentage (or other appropriate percentage) thereof (appropriately adjusted, in the case of
interest payments, to reflect the period of time during which such Person’s L/C Advance was outstanding) in the same funds as those received by the applicable Funding Agent. 

Section 5.4.2 Disgorgement. If any payment received by the applicable Funding Agent for the account of any L/C Issuer pursuant to
Section 5.4.1 is required to be returned under any of the circumstances described in Section 14.5 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Applicable Tranche Lender (and,
in the case of the Euro Tranche, each Fronting Lender) shall pay to the applicable Funding Agent for the account of such L/C Issuer its Applicable Tranche Percentage (or other appropriate percentage) thereof on demand of the applicable Funding Agent
(in each case in the currency in which such payment originally was made), plus interest thereon from the date of such demand to the date such amount is returned by such Applicable Tranche Lender (or Fronting Lender), at a rate per annum equal
to the applicable Overnight Rate from time to time in effect. 
 Section 5.4.3 Survival. The obligations of the Lenders, the
Funding Agents, the L/C Issuers and the Fronting Lenders under this Section 5.4 shall survive the payment in full of the Obligations and the termination of this Agreement. 

Section 5.5 Borrower Obligations Absolute. The obligation of each Borrower to reimburse the applicable L/C Issuer for each drawing
under each Letter of Credit issued by such L/C Issuer for the account of such Borrower and to repay each L/C Borrowing incurred by such Borrower shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the
terms of this Agreement under all circumstances, including the following: 
 (a) any lack of validity or enforceability of such Letter of
Credit, this Agreement or any other Loan Document; 
 (b) the existence of any claim, counterclaim, setoff, defense or other right that any
Borrower or any Eligible Affiliate may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), any L/C Issuer or any other Person,
whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

  
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 (c) any draft, demand, certificate or other document presented under such Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing
under such Letter of Credit; 
 (d) any payment by the L/C Issuer under such Letter of Credit against presentation of a draft or certificate
that does not strictly comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of
creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or 

(e) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that
might otherwise constitute a defense available to, or a discharge of, any Borrower or any Eligible Affiliate. 
 Each Borrower shall promptly examine a copy
of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with such Borrower’s instructions or other irregularity, such Borrower will promptly notify such L/C Issuer. Each
Borrower shall be conclusively deemed to have waived any such claim against any L/C Issuer and its correspondents unless such notice is given as aforesaid. 

Section 5.6 Role of L/C Issuer. Each Lender and each Borrower agree that, in paying any drawing under a Letter of Credit, no L/C
Issuer shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by such Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document. No L/C Issuer or Agent or any of their respective Related Parties or any correspondent, participant or assignee of any L/C Issuer shall be liable to any Lender for (a) any
action taken or omitted in connection herewith at the request or with the approval of all Lenders, all Applicable Tranche Lenders, the applicable Tranche Required Lenders or the Required Lenders, as applicable; (b) any action taken or omitted
in the absence of gross negligence or willful misconduct; or (c) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. Each Borrower hereby assumes all
risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided that this assumption is not intended to, and shall not, preclude any Borrower pursuing such rights and remedies as it
may have against the beneficiary or transferee at law or under any other agreement. No L/C Issuer or Agent or any of their respective Related Parties or any correspondent, participant or assignee of any L/C Issuer shall be liable or responsible for
any of the matters described in clauses (a) through (e) of Section 5.5; provided that anything in such clauses to the contrary notwithstanding, a Borrower may have a claim against an L/C Issuer, and such
L/C Issuer may be liable to such Borrower, to the extent, but only to the extent, of any direct, as opposed to indirect, consequential or exemplary, damages suffered by such Borrower 

  
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which it proves were caused by such L/C Issuer’s willful misconduct or gross negligence or such L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to
it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of such Letter of Credit. In furtherance and not in limitation of the foregoing, any L/C Issuer may accept documents that appear on their face
to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and no L/C Issuer shall be responsible for the validity or sufficiency of any instrument transferring or assigning or
purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. 

Section 5.7 Cash Collateral. 

Section 5.7.1 Certain Cash Collateral. Upon the request of the applicable Funding Agent or Required Lenders (for purposes of
clause (a) below) or the applicable Tranche Required Lenders (for purposes of clause (b) below), (a) during the existence of an Event of Default or (b) if, as of the Maturity Date, any L/C Obligations under the
Available Tranches for any reason remains outstanding, the applicable Borrower shall, in each case, promptly Cash Collateralize the then Outstanding Amount of all L/C Obligations of such Borrower under each applicable Available Tranche, in each case
in the same currency as the applicable L/C Obligations. 
 Section 5.7.2 Cash Collateral and Defaulting Lender. If any L/C
Obligation under any Tranche exists at the time a Lender is a Defaulting Lender, the applicable Borrower shall, within one Business Day of delivery of written notice by the applicable Funding Agent, Cash Collateralize the amount of the Defaulting
Lender’s Applicable Tranche Percentage of the L/C Obligations under such Tranche (after giving effect to Section 6.15.1(d) and any Cash Collateral provided by the Defaulting Lender or retained pursuant to
Section 6.15.1(b)). If a Borrower is required to provide an amount of Cash Collateral pursuant to this Section 5.7.2, such Cash Collateral shall be released and promptly returned to such Borrower from time to time to the
extent the amount deposited shall exceed the Defaulting Lender’s Applicable Tranche Percentage of the L/C Obligations under such Tranche or if such Lender ceases to be a Defaulting Lender. 

Section 5.7.3 Lien on Cash Collateral. Each Borrower hereby grants to the Funding Agent for the Tranche with respect to which Cash
Collateral is being delivered a lien on and security interest in all such cash, all deposit accounts into which such cash is deposited, all balances in such accounts and all proceeds of the foregoing. Cash Collateral shall be maintained in blocked,
interest bearing deposit accounts with the applicable Funding Agent. 
 Section 5.8 Applicability of ISP. Unless otherwise
expressly agreed by the applicable L/C Issuer and the applicable Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. 

Section 5.9 Letter of Credit Fees. Prologis shall (or shall cause the applicable Borrower to) pay to the applicable Funding Agent
for the account of each Applicable Tranche Lender in accordance with its Applicable Tranche Percentage, in the Primary Currency for the 

  
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applicable Tranche, a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Margin as in effect from time to time multiplied
by the daily Relevant Equivalent (as defined below) amount available to be drawn under such Letter of Credit. Letter of Credit Fees shall be (a) computed on a quarterly basis in arrears and (b) due and payable on the last Business Day
of each March, June, September and December, on the Letter of Credit Expiration Date for each Letter of Credit, and thereafter on demand. Notwithstanding anything to the contrary contained herein, upon the request of the Tranche Required Lenders,
while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate. For purposes of the foregoing and of Section 5.10, “Relevant Equivalent” means (i) in the case of the U.S. Letters of
Credit, the Dollar Equivalent, (ii) in the case of the Euro Letters of Credit, the Euro Equivalent, and (iii) in the case of the Yen Letters of Credit, the Yen Equivalent. Notwithstanding the foregoing or any other provision of this
Agreement, Prologis shall not be required to pay any Letter of Credit Fee to any Lender for any period during which such Lender is a Defaulting Lender. 

Section 5.10 Fronting Fee and Documentary and Processing Charges Payable to each L/C Issuer. Prologis shall pay directly to the
applicable L/C Issuer of each Letter of Credit for its own account, in the Primary Currency of the Tranche under which such Letter of Credit was issued, a fronting fee at the rate per annum of 0.125% computed on the Relevant Equivalent (as defined
in Section 5.9) of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the last Business Day of each March, June, September and December in
respect of the quarterly period then ending (or portion thereof, in the case of the first payment), on the Letter of Credit Expiration Date for each Letter of Credit, and thereafter on demand. In addition, Prologis shall pay directly to the
applicable L/C Issuer for its own account, in Primary Currency of the Tranche under which the applicable Letter of Credit was issued, the customary issuance, presentation, amendment, extension and other processing fees, and other standard costs and
charges, of such L/C Issuer relating to letters of credit as from time to time in effect; provided that the total amount of all such fees shall not exceed a Dollar Equivalent amount of $1,500 for any Letter of Credit. Such customary fees and
standard costs and charges are due and payable ten Business Days after demand and are nonrefundable. 
 Section 5.11 Conflict with
Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer Document, the terms hereof shall control. 

Section 5.12 Letters of Credit Issued for Eligible Affiliate. Notwithstanding that a Letter of Credit is in support of obligations
of, or is for the account of, an Eligible Affiliate, the requesting Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for all drawings under such Letter of Credit. Each Borrower acknowledges that the issuance of any Letter
of Credit requested by such Borrower for the account of an Eligible Affiliate inures to the benefit of such Borrower. Notwithstanding the foregoing, a Foreign Borrower under any Tranche shall not be the letter of credit applicant with respect to any
Letter of Credit. 

  
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 Section 5.13 U.S. Bond L/Cs. Notwithstanding any provision to the contrary set forth
in this Article V: 
 Section 5.13.1 Terms and Conditions of U.S. Bond L/Cs. (a) U.S. Bond L/Cs shall be subject to
the terms and conditions of this Agreement and applicable Law; provided that (i) a U.S. Bond L/C may have an expiration date later than 12 months from the date of issuance, so long as such date is not later than the Letter of Credit
Expiration Date; and (ii) the terms of each U.S. Bond L/C (A) must be acceptable to the applicable U.S. L/C Issuer and U.S. Funding Agent, (B) subject to the provisions of Section 5.14, may provide for the reinstatement of
drawn portions of such U.S. Bond L/C, whether or not reimbursement has been received (which may have the effect of increasing the amount of the applicable Borrower’s reimbursement obligations under such U.S. Bond L/C), (C) may provide for
automatic extensions thereof, so long as such terms comply with the auto extension provisions set forth in Section 5.2.3 hereof, and (D) may contain provisions whereby the applicable U.S. L/C Issuer is granted certain rights in
collateral and voting rights under the related Bond Documents, which rights are expressly assigned by the applicable U.S. L/C Issuer to U.S. Funding Agent for the benefit of Lenders pursuant to Section 5.14.2 herein. 

(b) Any Borrower may request that a U.S. L/C Issuer issue a U.S. Bond L/C by providing at least 30 days prior written notice of such request
to the applicable U.S. L/C Issuer, and by delivering a certificate at least 30 days prior to the issuance of any U.S. Bond L/C to U.S. Funding Agent certifying that, after giving effect to the issuance of any such Bonds and, without duplication, any
Debt incurred by any Company with respect thereto, no Default exists or would result after giving effect thereto. 
 Section 5.14
Reduction and Reinstatement of U.S. Bond L/Cs. In the event that the proceeds of any drawing under any U.S. Bond L/C are used to pay the purchase price of Bonds tendered or deemed tendered by the owner thereof pursuant to the related Bond
Documents (such drawing, including the drawing of any accrued interest on the tendered Bonds, a “Bond Purchase Drawing”), then the stated amount of such U.S. Bond L/C will be temporarily reduced by the amount of such drawing,
subject to automatic reinstatement (whether or not reimbursement for any drawings thereunder has been received or the conditions set forth in Sections 5.1.1 and 5.1.2 have been satisfied, and without further approval from Lenders)
pursuant to the provisions of the applicable U.S. Bond L/C by an amount equal to the Bond Purchase Drawing, so long as (a) the applicable U.S. L/C Issuer (or U.S. Funding Agent, as assignee of such U.S. L/C Issuer) has been properly accounted
for on the securities depository’s records as the beneficial owner of such Bonds purchased with the proceeds (or portion thereof) of the U.S. Bond L/C, (b) such Bonds have been delivered to the appropriate custodian and registered as
directed by such L/C Issuer (or U.S. Funding Agent, as assignee of such U.S. L/C Issuer), or (c) to the extent provided for in the applicable U.S. Bond L/C, such Bonds have been remarketed in accordance with the terms of the applicable Bond
Documents and released by the applicable U.S. L/C Issuer; provided that if the repurchased Bonds are not transferred to such U.S. L/C Issuer (or U.S. Funding Agent, as assignee of such U.S. L/C Issuer) pursuant to clause (a) or
(b) or remarketed pursuant to clause (c) above, then the applicable U.S. L/C Issuer shall notify Global Administrative Agent (which shall subsequently notify Lenders) of such failure. Unless otherwise directed by U.S. Required
Lenders, the applicable U.S. L/C Issuer shall then deliver notice to the applicable Trustee prior to the fifth Business Day after the applicable Bond Purchase Drawing that the amount of such drawing will not be reinstated, if the applicable Bond
Documents permit such notice; otherwise, the U.S. L/C Issuer may send notice of an event of default and a direction to cause a redemption of the applicable Bonds. 

  
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 Section 5.14.1 Interest Payments. If the interest portion of any U.S. Bond L/C is
drawn by the applicable Trustee to make scheduled interest payments on the outstanding principal amount of the Bonds, then the stated amount of such U.S. Bond L/C will be temporarily reduced by the amount of such drawing, subject to automatic
reinstatement of the interest portion of such U.S. Bond L/C (whether or not reimbursement for any drawings thereunder has been received or the conditions set forth in Sections 5.1.1 and 5.1.2 have been satisfied, and without further
approval from U.S. Lenders) pursuant to the provisions of the applicable U.S. Bond L/C. Subject to compliance with Section 2.4 herein, the stated amount of the related U.S. Bond L/C may be increased as required by the related Bond
Documents (to reflect an increase in the maximum rate of interest or number of days of accrued interest covered by such U.S. Bond L/C or otherwise). 

Section 5.14.2 Liens and Security Interests under Bond Documents. All liens and security interests securing reimbursement
obligations and other obligations owed to the applicable U.S. L/C Issuer of any U.S. Bond L/C under the related Bond Documents (including any U.S. L/C Borrowing), any rights in and to any Bonds or other certificates of indebtedness issued to such
L/C Issuer under the related Bond Documents, and any voting rights or other rights created in favor of such L/C Issuer under or pursuant to or in connection with any related Bond Documents (collectively, the “Bond Rights”), now or
hereafter existing in favor of such L/C Issuer, are hereby assigned and conveyed by the applicable U.S. L/C Issuer to U.S. Funding Agent for the ratable benefit of U.S. Lenders. Notwithstanding anything to the contrary set forth in any U.S. Bond
L/C, any Bonds or certificates of indebtedness purchased from the owner thereof by the applicable Trustee with funds received pursuant to a drawing under any U.S. Bond L/C shall be registered in the name of U.S. Funding Agent and shall be delivered
to or held by U.S. Funding Agent or such other entity as may be specified by the applicable L/C Issuer and approved by U.S. Funding Agent in a written instrument delivered to the applicable Trustee, for the benefit of the applicable L/C Issuer, U.S.
Funding Agent and the other U.S. Lenders. Each L/C Issuer of a U.S. Bond L/C agrees to execute all such other assignments, conveyances, financing statements and other documents required by U.S. Funding Agent to effect the requirements of this
Section 5.14.2; provided that, U.S. Lenders, U.S. Funding Agent and such U.S. L/C Issuer agree that in the event any Bonds or certificates of indebtedness are issued to such U.S. L/C Issuer (or U.S. Funding Agent as the assignee
of such U.S. L/C Issuer) as a result of a drawing by the applicable Trustee under the U.S. Bond L/C for which such U.S. L/C Issuer is not immediately reimbursed, and subsequently the Bonds are remarketed and such U.S. L/C Issuer is reimbursed for
all amounts so advanced (which reimbursement may be a repayment of any Loan disbursed by U.S. Lenders as payment of the related U.S. Letter of Credit reimbursement obligations under Section 5.3.2 or a repayment of an U.S. L/C Borrowing),
then any Bonds or certificates of indebtedness shall be released by U.S. Funding Agent and delivered to such Trustee without any further authorization from U.S. Lenders or such U.S. L/C Issuer. 

Section 5.14.3 Discretion to Exercise Rights. To the extent rights (including voting rights, rights to provide notice and elect
remedies and rights to approve waivers, consents or amendments of the related Bond Documents) are created in favor of the U.S. L/C Issuer of any U.S. Bond L/C, such rights (other than ministerial, non-discretionary rights) may only be exercised with
the consent, or in accordance with the directions, of the U.S. Required Lenders. 

  
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 Section 5.14.4 Conflict. In the event of any conflict between the terms and
provisions of this Section 5.14 relating to U.S. Bond L/Cs and the terms and provisions of any Loan Documents relating to U.S. Letters of Credit (other than U.S. Bond L/Cs), the terms and provisions of this Section 5.14 shall
control. 
 ARTICLE VI 

GENERAL PROVISIONS APPLICABLE TO LOANS 

Section 6.1 Minimum Amounts for Committed Borrowings, Conversions or Continuations and Prepayments. 

Section 6.1.1 Borrowing, Conversion, Continuation Amounts. Any Committed Borrowing, conversion or continuation under an Available
Tranche in any of the following currencies shall be in the following principal amounts: (a) for Committed Borrowings of, conversions to or continuations of Loans denominated in Dollars, $1,000,000 or any higher whole multiple of $100,000,
(b) for Committed Borrowings of, conversions to or continuation of Loans denominated in Euro, EUR 1,000,000 or any higher whole multiple of EUR 100,000, (c) for Committed Borrowings of, conversions to or continuations of Loans denominated
in Sterling, £1,000,000 or any higher whole multiple of £100,000, (d) for Committed Borrowings of, conversions to or continuations of Loans denominated in Yen, any whole multiple of ¥100,000,000, (e) for Committed
Borrowings of, conversions to or continuations of CDOR Rate Loans, Cdn$1,000,000 or a higher whole multiple of Cdn$100,000, and (f) for Committed Borrowings, conversions or continuations under a Supplemental Tranche, the minimum and whole
multiple amounts set forth in the applicable Supplemental Addendum. 
 Section 6.1.2 Prepayment Amounts. Any prepayment under a
Tranche in any of the following currencies shall be in the following aggregate principal amounts (a) for prepayments of Loans denominated in Dollars, $1,000,000 or any higher whole multiple of $100,000, (b) for prepayments of Loans
denominated Euro, EUR 1,000,000 or any higher whole multiple of EUR 100,000, (c) for prepayments of Loans denominated in Sterling, £1,000,000 or any higher whole multiple of £100,000, (d) for prepayments of Loans denominated in
Yen, any whole multiple of ¥100,000,000, (e) for prepayments of Loans denominated in Canadian Dollars, Cdn$1,000,000 or a higher whole multiple of Cdn$100,000, and (f) for prepayments under any Supplemental Tranche, the minimum and
whole multiple amounts set forth in the applicable Supplemental Addendum. 
 Section 6.2 Termination or Reduction of Commitments and
Removal of a Borrower. 
 Section 6.2.1 Termination or Reduction; Removal. Prologis may, upon notice to Global
Administrative Agent and the applicable Funding Agent, take any of the following actions: 
 (a) terminate the Aggregate Tranche Commitment
under a particular Available Tranche, or from time to time permanently reduce the Aggregate Tranche Commitment under a particular Available Tranche; provided that: 

(i) any such notice shall be received by Global Administrative Agent and the applicable Funding Agent not later than 11:00 a.m.
three Business Days prior to the date of termination or reduction; 

  
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 (ii) any such partial reduction shall be in an aggregate amount of
(A) $5,000,000 or any whole multiple of $100,000 in excess thereof for the U.S. Tranche, (B) EUR 5,000,000 or any whole multiple of EUR 1,000,000 in excess thereof for the Euro Tranche, (D) ¥500,000,000 or any whole multiple of
¥100,000,000 in excess thereof for the Yen Tranche and (F) the minimum amounts and whole multiples set forth in the applicable Supplemental Addendum with respect to a Supplemental Tranche; and 

(iii) Prologis shall not terminate or reduce any Aggregate Tranche Commitment if, after giving effect thereto and to any
concurrent prepayment thereunder, the Total Tranche Outstandings of the applicable Tranche would exceed such Aggregate Tranche Commitment. 

(b) at any time a Borrower (other than Prologis) has (i) no Obligations under this Agreement or under a particular Tranche (excluding,
for purposes of this Section, (A) Obligations under any Loan Document other than this Agreement and (B) Obligations under this Agreement that are expressly stated to survive the termination of this Agreement and are not yet due and
payable) and (ii) no outstanding Request for Credit Extensions, remove such Borrower as a Borrower under this Agreement or solely under one or more Tranches under this Agreement. 

Global Administrative Agent will promptly notify the applicable Tranche Lenders of any notice provided by Prologis under this Section 6.2.1. The
amount of any Aggregate Tranche Commitment reduction shall not be applied to the U.S. Letter of Credit Sublimit, the Euro Letter of Credit Sublimit, the Yen Letter of Credit Sublimit, the U.S. Swing Line Sublimit, the Euro Swing Line Sublimit, the
U.S. Bid Loan Sublimit or the Euro Bid Loan Sublimit, as applicable, unless otherwise specified by Prologis. Any reduction of any Aggregate Tranche Commitment shall be applied to the applicable Commitment of each Lender in such Tranche according to
its Applicable Tranche Percentage of such Tranche. All fees accrued under a particular Tranche shall be paid on the effective date of the termination of the Aggregate Tranche Commitment for such Tranche. 

Section 6.3 Repayment of Loans. 

(a) The aggregate principal amount of all outstanding Committed Loans shall be paid on the Maturity Date. 

(b) Each Swing Line Loan shall be paid on the earlier to occur of (i) the date ten Business Days after such Swing Line Loan is made and
(ii) the Maturity Date. 
 (c) If, on any date, the Dollar Equivalent amount of the outstanding Fronting Loans held by any Fronting
Lender exceeds the Fronting Commitment of such Fronting Lender then in effect, then, within two Business Days after notice from such Fronting Lender to Prologis, the applicable Borrowers shall prepay the Fronting Loans held by such Fronting Lender
in an amount sufficient to reduce the Dollar Equivalent amount of the outstanding Fronting Loans of such Fronting Lender as of such date of payment to an amount not to exceed the Fronting Commitment of such Fronting Lender then in effect, without
regard to any minimum or multiples specified in Section 6.1.2 with respect to prepayments. 

  
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 (d) Each Supplemental Loan shall be paid as set forth in the applicable Supplemental Addendum.

 (e) The applicable Borrower shall repay each Bid Loan on the last day of the Interest Period in respect thereof. 

(f) No Bid Loan may be prepaid without the prior written consent of the applicable Bid Loan Lender. 

Section 6.4 Interest. 

Section 6.4.1 Interest Rates. Subject to the provisions of Sections 6.4.2 and 14.9: 

(a) each Eurocurrency Rate Committed Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate
per annum equal to the Eurocurrency Rate for such Interest Period plus the Applicable Margin; 
 (b) each Base Rate Committed Loan
shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Margin; 

(c) each CDOR Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to
the CDOR Rate for such Interest Period plus the Applicable Margin; 
 (d) each ABR Rate Loan shall bear interest on the outstanding
principal amount thereof from the applicable borrowing date at a rate per annum equal to the ABR Rate plus the Applicable Margin; 

(e) each U.S. Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per
annum equal to the Money Market Rate plus the Applicable Margin; 
 (f) each Euro Swing Line Loan shall bear interest on the
outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Money Market Rate plus the Applicable Margin; 

(g) each Supplemental Committed Loan shall bear interest as set forth in the applicable Supplemental Addendum; and 

(h) each Bid Loan shall bear interest on the outstanding principal amount thereof for the Interest Period therefor at a rate per annum equal
to the Eurocurrency Rate for such Interest Period plus (or minus) the Eurocurrency Bid Margin, or at the Absolute Rate for such Interest Period, as the case may be. 

  
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 Section 6.4.2 Rates Upon Default 

(a) At any time and so long as an Event of Default pursuant to Section 12.1.1 exists, any Obligations not paid when due shall bear
interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

(b) Upon the written request of the Required Lenders at any time and so long as any Event of Default exists, Borrowers shall pay interest on
the principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

(c) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. 

Section 6.4.3 Interest Payment Dates. Interest on each Loan shall be due and payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any
Debtor Relief Law. 
 Section 6.4.4 Interest Act (Canadian). For the purposes of the Interest Act (Canada), (a) whenever a
rate of interest or fee rate hereunder is calculated on the basis of a year (the “deemed year”) that contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest or fee rate shall be
expressed as a yearly rate by multiplying such rate of interest or fee rate by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year, (b) the principle of deemed reinvestment of
interest shall not apply to any interest calculation hereunder and (c) the rates of interest stipulated herein are intended to be nominal rates and not effective rates or yields. This Section 6.4.4 shall apply solely with respect to
Committed Loans denominated in Canadian Dollars. 
 Section 6.5 Fees. 

Section 6.5.1 Facility Fees. Prologis shall pay to the applicable Funding Agent, for the account of each Applicable Tranche Lender,
in accordance with such Applicable Tranche Lender’s Applicable Tranche Percentage, a facility fee in the Primary Currency of the applicable Tranche equal to the Applicable Margin for facility fees times the actual daily amount of the
Aggregate Tranche Commitment for such Tranche (or, if the Aggregate Tranche Commitment for such Tranche has terminated, on the Outstanding Amount for such Tranche of all Loans under such Tranche and, if applicable, L/C Obligations under such
Tranche), regardless of usage. The facility fees shall accrue at all times during the Availability Period (and thereafter so long as any Loans or L/C Obligations under the applicable Tranche remain outstanding), including at any time during which
one or more of the conditions in Article VIII are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing
Date, and on the Maturity Date (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Margin during any quarter, the


  
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actual daily amount shall be computed and multiplied by the Applicable Margin separately for each period during such quarter that such Applicable Margin was in effect. Notwithstanding the
foregoing or any other provision of this Agreement, (a) Prologis shall not be required to pay a facility fee to any Lender for any day on which such Lender is a Defaulting Lender, and (b) Prologis may appoint any applicable Borrower as
paying agent for the payment of the facility fees, subject to the agreement with the applicable Funding Agent. 
 Section 6.5.2
Other Fees. In addition to certain fees described in Sections 5.9 and 5.10, and the facilities fees set forth above: 

(a) Prologis shall pay to Arrangers, Global Administrative Agent and the Funding Agents for their own respective accounts, in the applicable
currency, fees in the amounts and at the times specified in the Fee Letters. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

(b) Prologis shall pay to Lenders, in the applicable currencies, such fees as shall have been separately agreed upon in writing in the amounts
and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

Section 6.6 Computation of Interest and Fees. All computations of interest for (a) Base Rate Loans and (b) ABR
Rate Loans when the ABR Rate is determined by the applicable Funding Agent’s “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All computations of interest for Loans
denominated in Sterling shall be made on the basis of a year of 365 days and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or
interest, as applicable, being paid than if computed on the basis of a 365-day year), or, in the case of interest in respect of Committed Loans denominated in any Foreign Currency as to which market practice differs from the foregoing, in accordance
with such market practice. Interest shall accrue on each Loan for the day on which such Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that
is repaid on the same day on which it is made shall, subject to Section 6.8, bear interest for one day. Each determination by Global Administrative Agent or the applicable Funding Agent of an interest rate or fee hereunder shall be
conclusive and binding for all purposes, absent demonstrable error. 
 Section 6.7 Evidence of Debt and Promissory Note.

 Section 6.7.1 Recordkeeping. The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records
maintained by such Lender and by each Funding Agent for such Funding Agent’s applicable Tranche, in each case in the ordinary course of business. The accounts or records maintained by each Funding Agent and each Lender shall be rebuttable
presumptive evidence of the amount of the Credit Extensions made by Lenders to Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligations of
Borrowers hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by the applicable Funding Agent for its Tranche and the accounts and records of any Lender in such
Tranche in respect of such matters, the accounts and records of such Funding Agent shall control in the absence of manifest error. 

  
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 Section 6.7.2 Promissory Note. The provisions of this Section 6.7.2
constitute a promissory note for the benefit of each Lender. In furtherance of the foregoing: 
 (a) Each Borrower hereby promises,
severally, but not jointly, to pay to each Applicable Tranche Lender, in accordance with the provisions of this Agreement, the principal amount of each Loan of such Borrower from time to time made by such Applicable Tranche Lender to such Borrower.
In addition, such Borrower promises severally, but not jointly, to pay interest on the unpaid principal amount of the Loans made to such Borrower, from the date of such Loans until such principal amount is paid in full, at such interest rates and at
such times as provided in this Agreement. 
 (b) All payments of principal and interest with respect to Loans shall be made to the
applicable Funding Agent for the account of the Applicable Tranche Lenders in the currency in which such Committed Loan was denominated and in Same Day Funds at such Funding Agent’s Office for such currency. 

Section 6.7.3 Participations. In addition to the accounts and records referred to in Section 6.7.1, each Lender and
each Funding Agent for its applicable Tranche shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Fronting Loans, Letters of Credit and Swing Line Loans to
the extent such Tranche permits such subfacilities. In the event of any conflict between the accounts and records maintained by the applicable Funding Agent for its Tranche and the accounts and records of any Lender in such Tranche in respect of
such matters, the accounts and records of such Funding Agent shall control in the absence of manifest error. 
 Section 6.8 Payments
Generally; Global Administrative Agent’s Clawback. 
 Section 6.8.1 All Payments Generally. All payments to be
made by Borrowers shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. 
 Section 6.8.2
Payments Generally. Except as otherwise expressly provided herein, all payments by a Borrower under a Tranche shall be made to the applicable Funding Agent for such Tranche, for the account of the Applicable Tranche Lenders to which such
payment is owed, at such Funding Agent’s Office in the Primary Currency of such Tranche and in Same Day Funds not later than 12:00 noon, Applicable Time (and by 10:00 a.m., Brussels time, for payments under the Euro Tranche), on the date
specified herein. Except as otherwise expressly provided herein, all payments by a Borrower under a Tranche with respect to principal of and interest on Loans under such Tranche that are denominated in an Alternative Currency of such Tranche shall
be made to the applicable Funding Agent, for the account of the Applicable Tranche Lenders to which such payment is owed, at the applicable Funding Agent’s Office in such Alternative Currency and in Same Day Funds not later than the Applicable
Time specified by such Funding Agent on the dates specified herein. Without limiting the generality of the foregoing, the applicable Funding Agent may require that any payments due under this Agreement be made in the Primary Location (as defined
below). If, for any reason, any 

  
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Borrower is prohibited by any Law from making any required payment hereunder in an Alternative Currency, such Borrower shall make such payment in the Primary Currency in the Dollar Equivalent,
Euro Equivalent or Yen Equivalent, as applicable, of such Alternative Currency payment amount. For purposes of this Section, “Primary Location” means, with respect to the U.S. Tranche, the United States; with respect to the Euro
Tranche, The Netherlands; with respect to the Yen Tranche, Japan; and with respect to any Supplemental Tranche, the Supplemental Primary Location. 

Section 6.8.3 Distribution of Payments. With respect to payments and fees as set forth herein to be paid to a Funding Agent, the
applicable Funding Agent will promptly distribute to each applicable Lender in such Tranche its Applicable Tranche Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such
Lender’s Lending Office. With respect to payments as set forth herein to be paid to Global Administrative Agent, Global Administrative Agent will promptly distribute to each Lender its Applicable Global Percentage (or other applicable share as
provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by Global Administrative Agent (a) after 1:00 p.m., in the case of payments in Dollars, or (b) after
the Applicable Time specified by Global Administrative Agent in the case of payments in an Alternative Currency, shall in each case be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue.
All payments received by a Funding Agent (i) after 1:00 p.m., Applicable Time, in the case of payments in the Primary Currency of the applicable Tranche, or (ii) after the Applicable Time specified by such Funding Agent in the case of
payments in an Alternative Currency of such Tranche, shall in each case be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by any Borrower shall become due on
a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

Section 6.8.4 Application of Payments. All payments by any Loan Party hereunder shall be applied to such Obligations as such Loan
Party shall specify; provided that, subject to Section 6.15.1(b), during the existence of any Event of Default, all payments by or on behalf of any Loan Party hereunder shall be applied as follows, in each case to the extent that
the applicable payor has liability therefor: 
 (a) First, to the payment of that portion of the Obligations constituting unpaid fees,
indemnities, costs, expenses and other amounts (other than principal or interest) payable to any Agent Indemnitee in its capacity as such, ratably among them in proportion to the respective amounts payable pursuant to this clause (a); 

(b) Second, to the payment of all amounts paid by Funding Agents to any Agent Indemnitee pursuant to Section 14.4.4 (to the extent
Funding Agents have not previously been reimbursed therefor), ratably among them in proportion to the respective amounts payable pursuant to this clause (b); 

(c) Third, to the payment of all amounts paid by Lenders to any Agent Indemnitee pursuant to Section 14.4.3 (to the extent Lenders
have not previously been reimbursed therefor), ratably among them in proportion to the respective amounts payable pursuant to this clause (c); 

  
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 (d) Fourth, to the payment of that portion of the Obligations constituting unpaid fees,
indemnities, costs, expenses and other amounts (other than principal or interest) payable to any Person pursuant to Section 14.4.1, ratably among them in proportion to the respective amounts payable pursuant to this clause (d);

 (e) Fifth, to the payment of all amounts paid by Lenders to any Person pursuant to Section 14.4.3 (to the extent Lenders have
not previously been reimbursed therefor), ratably among them in proportion to the respective amounts payable pursuant to this clause (e); 

(f) Sixth, to the payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees, facility fees and interest
on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders in proportion to the respective amounts payable to them pursuant to this clause (f); 

(g) Seventh, to (i) the payment of the unpaid principal of the Loans and L/C Borrowings and (ii) the applicable Funding Agents to
Cash Collateralize undrawn Letters of Credit, ratably among them in proportion to the respective amounts of such principal and undrawn Letters of Credit; 

(h) Eighth, to the payment of all remaining unpaid Obligations, ratably among the Lenders in proportion to the respective amounts payable
pursuant to this clause (h); and 
 (i) Last, the balance, if any, after payment in full of all Obligations of the applicable payor,
to such payor or as otherwise required by Law. 
 Any amount used to Cash Collateralize undrawn Letters of Credit pursuant to clause (g) above
shall be applied by the applicable Funding Agent to satisfy drawings under the applicable Letters of Credit as such drawings occur. If any amount remains on deposit with any Funding Agent as Cash Collateral after all applicable Letters of Credit
have either been fully drawn or expired, the remaining amount shall be applied to the other Obligations of the applicable payor, if any, in the order set forth above. 

Notwithstanding the above, if General Partner or Prologis makes any payments, or there are recoveries from General Partner or Prologis, during the existence
of any Event of Default, then, if so elected by the Required Lenders, such payments or recoveries shall be applied to the Obligations under the Tranches as directed by the Required Lenders; provided that such application shall not affect the
agreements set forth in Section 6.9. 
 Section 6.8.5 Funding by Lenders; Presumption by Agent. Unless the applicable
Funding Agent shall have received notice from Global Administrative Agent or a Lender in the same Tranche as the Funding Agent prior to the proposed date of any Committed Borrowing that such Lender will not make available to such Funding Agent such
Lender’s share of such Committed Borrowing, such Funding Agent may assume that such Lender directly or through the applicable Fronting Lender has made such share available on such date in accordance with the requirements of the applicable
Tranche and may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Committed Borrowing available directly or through the


  
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applicable Fronting Lender to the applicable Funding Agent, then the applicable Lender and the applicable Borrower severally agree to pay to such Funding Agent forthwith on demand such
corresponding amount in the same currency and in Same Day Funds with interest thereon, for each day from the date such amount is made available to such Borrower to the date of payment to such Funding Agent, at (a) in the case of a payment to be
made by such Lender, the Overnight Rate and (b) in the case of a payment to be made by such Borrower, the interest rate applicable to the applicable Loans. If such Borrower and such Lender shall pay such interest to such Funding Agent for the
same or an overlapping period, such Funding Agent shall promptly remit to such Borrower the amount of such interest paid by such Borrower for such period. If such Lender pays its share of the applicable Committed Borrowing directly or through the
applicable Fronting Lender to such Funding Agent, then the amount so paid shall constitute such Lender’s Committed Loan included in such Committed Borrowing. Any payment by a Borrower pursuant to this Section shall be without prejudice to
any claim such Borrower may have against a Lender that shall have failed to make such payment to the applicable Funding Agent. 

Section 6.8.6 Payments by Borrowers; Presumptions by Agents. Unless the applicable Agent shall have received notice from the
applicable Borrower prior to the date on which any payment is due to such Agent for the account of the applicable Lenders or the applicable L/C Issuer hereunder that such Borrower will not make such payment, such Agent may assume that such Borrower
has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the applicable Lenders or the applicable L/C Issuer, as the case may be, the amount due. In such event, if such Borrower has not in
fact made such payment, then each Lender or applicable L/C Issuer, as the case may be, severally agrees to repay to such Agent forthwith on demand the amount so distributed to such Lender or such L/C Issuer, in the same currency and in Same Day
Funds with interest thereon, for each day from the date such amount is distributed to it to the date of payment to such Agent, at the Overnight Rate. A notice by the applicable Agent to any Lender or Borrower with respect to any amount owing under
this Section 6.8.6 shall be conclusive, absent demonstrable error. 
 Section 6.8.7 Failure to Satisfy Conditions
Precedent. If any Lender makes available directly or through the applicable Fronting Lender to the applicable Funding Agent funds for any Loan to be made by such Lender to any Borrower as provided in this Agreement, and such funds are not made
available to such Borrower by such Agent because the conditions to such Loan set forth in Article VIII are not satisfied or waived in accordance with the terms hereof, such Agent shall promptly return such funds (in like funds as received
from such Lender) to such Lender, plus interest thereon from the date funds were made available to such Agent by such Lender to the date such amount is returned by such Agent to such Lender, at a rate per annum equal to the applicable
Overnight Rate from time to time in effect. 
 Section 6.8.8 Obligations of Lenders Several. The obligations of Lenders
hereunder to make Committed Loans, to fund participations in Letters of Credit, Fronting Loans and Swing Line Loans and to make payments pursuant to Section 14.4.3 are several and not joint. The failure of any Lender to make any
Committed Loan, to fund any such participation or to make any payment under Section 14.4.3 on any date required hereunder shall not relieve any other Lender of its corresponding obligation (if any) to do so on such date, and no Lender
shall be responsible for the failure of any other Lender to make any Committed Loan, to purchase any such participation, or to make any payment under Section 14.4.3. 

  
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 Section 6.8.9 Funding Source. Subject to Section 7.6.1, (a) each
Lender may, at its option, make any Loan available to any Borrower by causing any foreign or domestic branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of such
Borrower in accordance with the terms of this Agreement; and (b) nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it
has obtained or will obtain the funds for any Loan in any particular place or manner. 
 Section 6.9 Sharing of Payments.
 
 Section 6.9.1 Sharing of Payments by Lenders in a Tranche. If any Lender shall, by exercising any right of setoff or
counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of the Committed Loans made by it in a particular Tranche, or the participations in L/C Obligations or in Swing Line Loans held by it in such Tranche,
resulting in such Lender’s receiving payment of a proportion of the aggregate amount of such Committed Loans or participations and accrued interest in such Tranche greater than its Applicable Tranche Percentage for such Tranche as provided
herein, then the Lender receiving such greater proportion shall (a) notify the applicable Funding Agent of such fact and (b) purchase (for cash at face value) participations in the Committed Loans and subparticipations in L/C Obligations,
Swing Line Loans and Fronting Loans of the other Lenders in the same Tranche, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by Lenders in such Tranche ratably in accordance with the
aggregate amount of principal of and accrued interest on their respective Committed Loans and other amounts owing them (directly or via participations) in such Tranche, provided that: 

(x) if any such participations or subparticipations are purchased and any portion of the payment giving rise thereto is
recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(y) the provisions of this Section shall not apply to (i) any payment made by a Loan Party pursuant to and in accordance
with the express terms of this Agreement, (ii) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Committed Loans or a subparticipation in L/C Obligations, Swing Line Loans or
Fronting Loans to any assignee or participant, other than to Prologis or any Eligible Affiliate thereof (as to which the provisions of this Section shall apply), (iii) any payment pursuant to Article VII, (iv) any payment made to a
non-Defaulting Lender in accordance with the terms of this Agreement that otherwise would have been made to a Defaulting Lender or (v) any Cash Collateral obtained by an L/C Issuer in connection with arrangements made to address the risk with
respect to a Defaulting Lender. 
 Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable Law, that
any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Loan
Party in the amount of such participation. 

  
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 Section 6.9.2 Sharing of Payments by Tranches. If, at any time during the existence
of any Trigger Event, the Lenders under any Tranche (a “Group”) shall obtain aggregate payments or other recoveries (whether voluntary, involuntary, by application of offset or otherwise) on account of principal of or interest on
any Loan made, or principal of or interest on reimbursement obligations with respect to any Letter of Credit issued, under such Tranche in excess of such Group’s pro rata share (based on such Group’s percentage of the aggregate Dollar
Equivalent amount of all such obligations then owed to all Lenders hereunder) of all payments and other recoveries received by all Groups hereunder, then the Group receiving such excess payment (the “Benefitted Group”) shall
immediately (a) purchase (for cash at face value, and based on each such Lender’s Applicable Tranche Percentage) participations in Obligations of the other Groups in order to cause the Benefitted Group to share the excess payment or
recovery ratably with the other Groups and (b) pay such excess to (or as otherwise directed by) Global Administrative Agent, which shall distribute such excess to the Funding Agents for the other Groups, in order to effectuate such
participations ; provided that if all or any part of the payment or other recovery that gave rise to any such excess payment or other recovery is thereafter recovered from the Benefitted Group, then each other Group shall repay to Global
Administrative Agent for the account of the Benefitted Group the amount necessary to ensure that each Group receives its pro rata share of all such payments or other recoveries received by each Group. The obligation of each member of each Group to
make its share of any payment required under this Section 6.9.2 shall be several, and not joint or joint and several, and after giving effect to any such payment each Group shall make such other adjustments as shall be appropriate under
Section 6.9.1. The provisions of this Section 6.9.2 are solely for the benefit of the Lenders and are not for the benefit of (and may not be enforced by) any other Person. Global Administrative Agent, Funding Agents and
Lenders may, without the consent of any Loan Party or any other Person, make arrangements among themselves to amend or otherwise modify this Section 6.9.2 and to establish different sharing arrangements with respect to payments and other
recoveries hereunder; provided that any such amendment, modification or sharing arrangement shall be consented to by all Lenders affected thereby. If, at any time after Lenders have purchased participations pursuant to this
Section 6.9.2, no Trigger Event exists, then Global Administrative Agent, Funding Agents and Lenders shall take all actions necessary to rescind all participations and subparticipations previously purchased pursuant to this Section
6.9.2. 
 Section 6.10 Extension of Maturity Date.  

Section 6.10.1 Request for Extension. Not earlier than 180 days prior to, nor later than 30 days prior to, (a) the original
Maturity Date, Prologis may, upon written notice to Global Administrative Agent (which shall promptly notify the Lenders) and satisfaction of the conditions precedent set forth in Section 6.10.2, extend the Maturity Date to
October 14, 2020 (the “Extended Maturity Date”) and (b) the Extended Maturity Date, Prologis may, upon written notice to Global Administrative Agent (which shall promptly notify the Lenders) and satisfaction of the
conditions precedent set forth in Section 6.10.2, extend the Maturity Date to April 14, 2021. 
 Section 6.10.2
Extension Procedures. Each extension of the Maturity Date contemplated by Section 6.10.1 shall become effective on the date (an “Extension Effective Date”) on which the following conditions precedent have been
satisfied: (a) Global Administrative Agent shall have received the written notice referred to in Section 6.10.1 and 

  
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(b) Prologis shall have paid to Global Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.0625% times such Lender’s Commitment, and Global
Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof; provided that if an Event of Default has occurred and is continuing on the date on which such conditions are satisfied with respect to a
proposed extension, the Extension Effective Date for such extension shall be the first date thereafter, if any, on or before the then-applicable Maturity Date on which no Event of Default is continuing. Upon the satisfaction of the conditions
precedent set forth in this Section 6.10.2 and the occurrence of an Extension Effective Date, Global Administrative Agent shall promptly confirm to Prologis and the Lenders such extension and such Extension Effective Date. The extension
fee described above shall be payable in (i) Dollars with respect to U.S. Commitments, (ii) Dollars or, at Prologis’ option, Euros with respect to Euro Commitments, (iii) Yen with respect to Yen Commitments, and (iv) Dollars
or, at Prologis’ option, the applicable Primary Currency with respect to any Supplemental Commitments. 
 Section 6.11
Additional Affiliate Borrowers. 
 Section 6.11.1 Procedures for Adding Affiliate Borrowers. Prologis may, upon at
least 10 Business Days’ prior written notice to Global Administrative Agent and the applicable Funding Agent (which shall promptly notify the Applicable Tranche Lenders) (or (x) such lesser period as may be agreed to by such Funding Agent
or (y) such longer period as is determined by such Funding Agent to be reasonably necessary for the applicable parties to comply with any governmental or regulatory requirements), request that any Eligible Affiliate become an Affiliate Borrower
by delivering the Organization Documents of such Eligible Affiliate to such Funding Agent (with a copy to Global Administrative Agent). At least five Business Days prior to an Eligible Affiliate becoming an Affiliate Borrower, Prologis shall deliver
the drafts of the documents referenced in clauses (b)(i) and (ii) below, to the applicable Funding Agent (with a copy to Global Administrative Agent). On or prior to the date on which an Eligible Affiliate becomes an Affiliate
Borrower, Prologis shall deliver the following to Global Administrative Agent and the applicable Funding Agent (which shall promptly provide copies to the Applicable Tranche Lenders), in each case reasonably acceptable to such Funding Agent,
(a) a Borrower Accession Agreement duly executed by Prologis and such Eligible Affiliate that will, among other things, designate the applicable Tranche under which such Eligible Affiliate will be an Affiliate Borrower (the “Requested
Tranche”) and (b) the following documents relating to such Eligible Affiliate: (i) an opinion of such Eligible Affiliate’s counsel reasonably acceptable to such Funding Agent (other than for Short Term Affiliate Borrowers and
Property Fund Borrowers; provided that if any Property Fund Borrower has any outstanding Loans or L/C Obligations under this Agreement for 180 consecutive days, then such Borrower shall provide an opinion of such Borrower’s counsel
reasonably acceptable to the applicable Funding Agent on or before the last day of such 180 day period); (ii) an officer’s certificate certifying (A) the Organization Documents of such Eligible Affiliate, (B) resolutions of such
Eligible Affiliate’s Board of Directors or other governing body authorizing the execution, delivery and performance of this Agreement and the other Loan Documents, as applicable, certified as being in full force and effect without modification
or amendment, and (C) signatures and incumbency of officers of such Eligible Affiliate or, with respect to any proposed Affiliate Borrower which is organized under the Laws of Japan, (x) a certificate of seal and a certificate of full
registry records both of which have been issued by the competent legal affairs bureau within three months before the 

  
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date of such officer’s certificate and (y) a seal registration form (in the form prescribed by Yen Funding Agent); (iii) certificates of existence and good standing for such
Eligible Affiliate issued by its state of organization or the equivalent certificates, if any, from the applicable Governmental Authorities for any Eligible Affiliate organized outside of the U.S.; and (iv) any additional information regarding
such Eligible Affiliate that the applicable Funding Agent or any Applicable Tranche Lender may reasonably request under Section 14.16 or 14.17, or otherwise. Upon receipt by the applicable Funding Agent of the items referenced in
this Section 6.11, each in form and substance reasonably acceptable to such Funding Agent and its counsel, and subject to Section 6.11.3, such Eligible Affiliate shall become an Affiliate Borrower under the Requested Tranche
and assume all the rights, benefits and obligations of an Affiliate Borrower under such Requested Tranche unless on such date a Default exists and is continuing or would occur as a result of such Eligible Affiliate becoming an Affiliate Borrower.
Furthermore, the applicable Funding Agent shall promptly notify each Applicable Tranche Lender of the addition of any Affiliate Borrower pursuant to this Section 6.11.1. 

Section 6.11.2 Existing Borrowers. Prologis may, upon at least 15 days’ prior written notice to the applicable Funding Agent
(which shall promptly notify the Applicable Tranche Lenders) (or (x) such lesser period as may be agreed to by such Funding Agent or (y) such longer period as is determined by such Funding Agent to be reasonably necessary for the
applicable parties to comply with any governmental or regulatory requirements), request that any existing Borrower under one Tranche become Borrower under a different Tranche. On or prior to the date on which such existing Borrower becomes a
Borrower under a different Tranche, Prologis shall deliver the following to such Funding Agent (with a copy to Global Administrative Agent), in each case reasonably acceptable to such Funding Agent, (a) a Borrower Accession Agreement duly
executed by Prologis and such existing Borrower that will, among other things, designate the applicable Tranche under which such existing Borrower will also become a Borrower (the “Additional Tranche”) and (b) any information
regarding such existing Borrower that the applicable Funding Agent or any Applicable Tranche Lender may reasonably request under Section 14.16 or 14.17, or otherwise. Upon receipt by the applicable Funding Agent of the items
referenced in this Section 6.11.2, each in form and substance reasonably acceptable to such Funding Agent and its counsel, and subject to Section 6.11.3, such existing Borrower shall become a Borrower under the Additional
Tranche unless on such date a Default exists or would occur as a result of such existing Borrower becoming a Borrower under the Tranche. Furthermore, the applicable Funding Agent shall promptly notify each Applicable Tranche Lender of the addition
of a Borrower under an Additional Tranche pursuant to this Section 6.11.2. 
 Section 6.11.3 Limitations. In
addition to the conditions set forth in Sections 6.11.1 and 6.11.2, to the extent applicable, neither (a) an Eligible Affiliate that would qualify as a Foreign Borrower under the Requested Tranche in which it would be a
Borrower, nor (b) an existing Borrower under one Tranche that would otherwise qualify as Foreign Borrower under the Additional Tranche, may be a Borrower under such Requested Tranche or Additional Tranche, as applicable, unless the applicable
Funding Agent is reasonably satisfied that the addition of such Eligible Affiliate or existing Borrower to such Requested Tranche or Additional Tranche, as applicable, will not (i) violate any Laws, (ii) materially impair the ability of
Applicable Tranche Lenders to assign their Commitments or Loans under such Requested Tranche or Additional Tranche, as applicable, or (iii) have any other material adverse effect on 

  
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the Applicable Tranche Lenders. Notwithstanding the foregoing, the provisions of this Section 6.11.3 (other than clause (i) above) shall not be conditions to an Eligible
Affiliate that is organized under the Laws of a Participating Member State becoming a Euro Borrower. Upon the delivery of a notice by the applicable Funding Agent of a request by Prologis to add an Eligible Affiliate as a Borrower or to add an
existing Borrower to an Additional Tranche pursuant to Section 6.11.1 or 6.11.2, as applicable, each Applicable Tranche Lender shall promptly notify the applicable Funding Agent if adding such additional Borrower would be subject
to any of the foregoing limitations. 
 Section 6.11.4 Qualification Status. Upon the delivery of a notice by the applicable
Funding Agent of a request by Prologis to add an Eligible Affiliate as a Borrower or to add an existing Borrower to an Additional Tranche pursuant to Section 6.11.1 or 6.11.2, as applicable, the applicable Funding Agent shall
request that each Applicable Tranche Lender represent and warrant to Prologis and Funding Agent as to whether such Applicable Tranche Lender is capable of making a Committed Loan to such Eligible Affiliate without the imposition of any withholding
taxes. Each Lender agrees that it shall respond to any such request within three Business Days; provided that if an Applicable Tranche Lender does not respond within the required time period, then the applicable Funding Agent may deem such
Applicable Tranche Lender to be unable to make a Committed Loan to such Eligible Affiliate without the imposition of a withholding tax. Furthermore, Global Administrative Agent may revise Annex 2 to the Assignment and Assumption reflecting a
new Borrower or the addition of a Borrower to an Additional Tranche. 
 Section 6.12 Reallocation of Commitments. 

Section 6.12.1 Reallocation Procedures. Prologis may, from time to time during the Availability Period, by written notice to Global
Administrative Agent and the Funding Agent for each affected Tranche (a “Reallocation Notice”), increase the Aggregate Tranche Commitment under one Available Tranche with a corresponding reduction of the Aggregate Tranche Commitment
under a different Available Tranche by (a) utilizing the Pre-Approved Reallocations of certain Lenders (each a “Pre-Approved Lender”) or (b) with the consent of Global Administrative Agent, each applicable Funding Agent
and each applicable Fronting Agent, L/C Issuer and Swing Line Lender, reallocating the Commitment of any Lender (each an “Allocating Lender”), subject to the following conditions: 

(A) at the time of such Reallocation Notice, Prologis specifies which Available Tranche shall be increased and which Available
Tranche shall be decreased, and whether any Pre-Approved Reallocation shall be utilized in such reallocation; 
 (B) the
amount of the increase in an Available Tranche shall be equal to the Foreign Currency Equivalent amount of the corresponding decrease in the other Available Tranche; 

(C) each Allocating Lender and Pre-Approved Lender satisfies the requirements of an Eligible Qualified Institution under the
Available Tranche in which the Aggregate Tranche Commitment is being increased; 

  
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 (D) each Allocating Lender acknowledges in writing to Global Administrative Agent
and Prologis that it has agreed that its Commitment will be reallocated hereunder (which acknowledgment shall be made in such Lender’s sole discretion); provided that a Pre-Approved Reallocation shall be effective without any further
acceptances under this Section 6.12 by a Lender that has agreed to a Pre-Approved Reallocation; 
 (E) Prologis
may make a maximum of one request per calendar quarter; 
 (F) no reduction in any Aggregate Tranche Commitment shall be
permitted if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Tranche Outstandings under such Tranche would exceed the Aggregate Tranche Commitment under such Tranche; 

(G) the amount of the increase or decrease in each applicable Aggregate Tranche Commitment shall not be less than a Dollar
Equivalent amount of $5,000,000; 
 (H) no Default exists; and 

(I) unless otherwise agreed among the applicable Funding Agent, the affected Lender and the applicable Borrowers (which
agreement may include a phase-in of the applicable increase and/or Interest Periods with any agreed-upon length), the applicable Borrowers shall prepay any Committed Loans outstanding on the Reallocation Effective Date (and pay any additional
amounts required pursuant to Section 7.5) to the extent necessary to keep the outstanding Committed Loans in the affected Available Tranches ratable with any revised Applicable Tranche Percentages arising from any nonratable increase or
decrease in any Commitments of any Lenders under this Section 6.12. 
 Section 6.12.2 Effectiveness of Reallocation.
Upon the request of Global Administrative Agent contemporaneously with any reallocation completed in accordance with Section 6.12.1, each Funding Agent of an affected Tranche shall provide to Global Administrative Agent a new
Schedule 2.1 for its Tranche reflecting any proposed reallocation. In addition, Global Administrative Agent, the applicable Funding Agents and Prologis shall determine the effective date (the “Reallocation Effective
Date”) of such reallocation; provided that any Pre-Approved Reallocations shall be effective no more than ten Business Days after the relevant Reallocation Notice, and Global Administrative Agent shall promptly notify Prologis and
the affected Funding Agents of the Reallocation Effective Date. After any Reallocation Effective Date and the receipt of a revised Schedule 2.1 (if requested by Global Administrative Agent) from each applicable Funding Agent, Global
Administrative Agent shall promptly provide to each Lender in the affected Tranches and to Prologis a new Schedule 2.1 for the affected Tranches. 

Section 6.12.3 Reallocation of Bid Loan Sublimits. Prologis may, from time to time during the Availability Period, by written
notice to U.S. Funding Agent and Euro Funding Agent 

  
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(a “Bid Loan Reallocation Notice”), (a) increase the U.S. Bid Loan Sublimit with a corresponding reduction of the Euro Bid Loan Sublimit or (b) increase the Euro Bid
Loan Sublimit with a corresponding reduction of the U.S. Bid Loan Sublimit, in each case, subject to the following conditions: 

(A) (i) the amount of the increase in the U.S. Bid Loan Sublimit shall be equal to the Dollar Equivalent amount of the
corresponding decrease in the Euro Bid Loan Sublimit and (ii) the amount of the increase in the Euro Bid Loan Sublimit shall be equal to the Euro Equivalent amount of the corresponding decrease in the U.S. Bid Loan Sublimit; 

(B) Prologis may make a maximum of one request per calendar quarter; 

(C) (i) no reduction in the U.S. Bid Loan Sublimit shall be permitted if, after giving effect thereto, the outstanding U.S. Bid
Loans shall exceed the U.S. Bid Loan Sublimit and (ii) no reduction in the Euro Bid Loan Sublimit shall be permitted if, after giving effect thereto, the outstanding Euro Bid Loans shall exceed the Euro Bid Loan Sublimit; 

(D) the amount of the increase or decrease shall not be less than a Dollar Equivalent amount of $5,000,000; and 

(E) no Default exists. 

Section 6.13 Increase in Commitments. 

Section 6.13.1 Increase Procedures. From time to time after the Closing Date to the Maturity Date, Prologis may, by written request
(an “Increase Request”) to Global Administrative Agent and the Funding Agents for each affected Tranche, increase any Aggregate Tranche Commitment by (a) admitting additional Lenders hereunder (each a “Subsequent
Lender”) or (b) increasing the Commitment of any existing Lender (each an “Increasing Lender”), subject to the following conditions: 

(a) at the time of such Increase Request, Prologis specifies its requested allocation of the requested increase in the Aggregate Tranche
Commitments to each Tranche; 
 (b) each Subsequent Lender is an Eligible Qualified Institution; 

(c) each Subsequent Lender executes and delivers to Global Administrative Agent a Joinder Agreement substantially in the form of
Exhibit G, which may be modified to the extent that such Subsequent Lender will be party to a Supplemental Tranche (a copy of which Global Administrative Agent will deliver to each applicable Funding Agent); 

(d) each Increasing Lender executes and delivers to Global Administrative Agent an increase certificate substantially in the form of
Exhibit H (a copy of which Global Administrative Agent will deliver to each applicable Funding Agent); 

  
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 (e) the amount of all increases in the Aggregate Tranche Commitments pursuant to this
Section 6.13 shall not exceed the Dollar Equivalent of $1,000,000,000 in the aggregate; it being understood that in determining the aggregate increase amount for purposes of this clause (e), each increase amount shall equal the
Dollar Equivalent amount of such increase amount as determined on the corresponding effective date of the increase in the Aggregate Tranche Commitments; and (2) after giving effect to each such increase, the Dollar Equivalent of the Aggregate
Tranche Commitments shall not exceed $3,750,000,000 in the aggregate as determined on the applicable effective date of such increase; 
 (f)
the Dollar Equivalent of each increase in the Aggregate Tranche Commitment shall be in a minimum amount of $25,000,000 (or such lesser amount as Global Administrative Agent may agree or shall result in the aggregate Dollar Equivalent amount of all
increases pursuant to this Section 6.13 being approximately $1,000,000,000); 
 (g) no admission of any Subsequent Lender shall
increase the Commitment of any existing Lender without the written consent of such Lender; 
 (h) no Default exists; and 

(i) unless otherwise agreed among the applicable Funding Agent, the affected Lenders and the applicable Borrowers (which agreement may include
a phase-in of the applicable increase and/or Interest Periods with any agreed-upon length), the applicable Borrowers shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to
Section 7.5) to the extent necessary to keep the outstanding Committed Loans in the affected Tranches ratable with any revised Applicable Tranche Percentages arising from any nonratable increase or decrease in any Commitments of any
Lender under this Section 6.13. 
 Section 6.13.2 Effectiveness of Increase. Upon the request of Global
Administrative Agent, the Funding Agent of each affected Tranche shall provide to Global Administrative Agent a new Schedule 2.1 for such Tranche reflecting the Applicable Tranche Percentage of the Lenders under such Tranche after giving
effect to the proposed increase pursuant to this Section 6.13. In addition, Global Administrative Agent, the applicable Funding Agents and Prologis shall determine the effective date (the “Increase Effective Date”) of
each increase in an Aggregate Tranche Commitment under this Section 6.13, and Global Administrative Agent shall promptly notify Prologis, the affected Funding Agents and each Lender of the Increase Effective Date. After the Increase
Effective Date and receipt of a revised Schedule 2.1 (if requested by Global Administrative Agent) from each applicable Funding Agent, Global Administrative Agent shall promptly provide to each Lender and to Prologis a new
Schedule 2.1. 
 Section 6.13.3 Conflicting Provisions. This Section shall supersede any provisions in
Sections 6.9 or 14.1 to the contrary. 
 Section 6.14 Establishment of Supplemental Tranche. 

Section 6.14.1 Supplemental Tranche Request. At the time of any Reallocation Notice under Section 6.12.1 or any
Increase Request under Section 6.13, Prologis may from time to time request, with the same approval requirements of the Reallocation Notice or Increase 

  
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Request, as applicable (each such request, a “Supplemental Tranche Request”), certain Lenders to provide a supplemental tranche for loans in which the primary currency of such
supplemental tranche is not one of the currencies set forth in the definition of “Primary Currency” at the time of such Supplemental Tranche Request (each such new Tranche, a “Supplemental Tranche”). 

Section 6.14.2 Supplemental Addendums. Each Supplemental Tranche Request shall be made in the form of an addendum substantially in
the form of Exhibit E (a “Supplemental Addendum”) and sent to Global Administrative Agent and shall set forth (a) the proposed Primary Currency and Alternative Currencies of such Supplemental Tranche, (b) the
proposed Supplemental Primary Location, (c) the proposed interest types and rates for such Supplemental Tranche, (d) the type and amount of any subfacilities of such Supplemental Tranche, (e) the proposed borrowers under such Tranche
and (f) any other specific terms of such Supplemental Tranche that Prologis deems necessary; provided that the maturity date of Supplemental Loans shall not be later than the Maturity Date. Promptly after a Supplemental Tranche Request,
Prologis shall, subject to the approval of Global Administrative Agent (which shall not be unreasonably withheld or delayed) appoint the proposed Funding Agent for such requested Supplemental Tranche. 

Section 6.14.3 Conditions to Supplemental Tranche. As conditions precedent to the addition of a Supplemental Tranche to this
Agreement, (a) (i) with respect to a Supplemental Tranche in connection with an Increase Request, each of the conditions set forth in Section 6.13 must be satisfied and there must be an increase in the Aggregate Tranche
Commitments and (ii) with respect to a Supplemental Tranche in connection with a Reallocation Notice, each of the conditions set forth in Section 6.12 must be satisfied, (b) (i) with respect to a Supplemental Tranche in
connection with an Increase Request, each Lender providing a commitment under the Supplemental Tranche must be an Increasing Lender or a Subsequent Lender and (ii) with respect to a Supplemental Tranche in connection with a Reallocation Notice,
each Lender providing a commitment under the Supplemental Tranche must be an Allocating Lender, (c) each Lender providing a commitment under such Supplemental Tranche, the proposed Funding Agent for such Supplemental Tranche and Global
Administrative Agent must execute the requested Supplemental Addendum, (d) each of the proposed borrowers under such Supplemental Tranche shall be an existing Borrower or shall have complied with Section 6.11 and (e) any other
documents or certificates that shall be reasonably requested by Global Administrative Agent in connection with the addition of the Supplemental Tranche shall have been delivered to Global Administrative Agent in form and substance reasonably
satisfactory to Global Administrative Agent. 
 Section 6.14.4 Effectiveness of Supplemental Tranche. If a Supplemental Tranche
Request is accepted in accordance with this Section, Global Administrative Agent, the applicable Funding Agent and Prologis shall determine the effective date of such Supplemental Tranche (the “Supplemental Tranche Effective Date”)
and the final allocation of such Supplemental Tranche. Global Administrative Agent shall promptly distribute a revised Schedule 2.1 to each Lender reflecting such new Supplemental Tranche and notify each Lender of the Supplemental
Tranche Effective Date. 
 Section 6.15 Defaulting Lenders. Adjustments. Notwithstanding anything to the contrary
contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until 

  
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such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

(a) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect
to this Agreement shall be restricted as set forth in Section 14.1. 
 (b) Reallocation of Payments. Any payment of
principal, interest, fees or other amounts received by Global Administrative Agent or any Funding Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article XII or otherwise, and
including any amounts made available to any Funding Agent by such Defaulting Lender pursuant to Section 14.8) shall be applied at such time or times as may be determined by Global Administrative Agent or such Funding Agent as follows:
first, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to Global Administrative Agent or any Funding Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting
Lender to the applicable L/C Issuer, Swing Line Lender or Fronting Lender hereunder; third, if so determined by Global Administrative Agent or such Funding Agent or requested by the applicable L/C Issuer, to be held as Cash Collateral for
future funding obligations of such Defaulting Lender of any participation in any applicable Letter of Credit; fourth, if Prologis so requests (so long as no Default exists), to the funding of any Loan in respect of which such Defaulting
Lender has failed to fund its portion thereof as required by this Agreement, as determined by Global Administrative Agent; fifth, if so determined by Global Administrative Agent and Prologis, to be held in a non-interest bearing deposit
account and released in order to satisfy obligations of such Defaulting Lender to fund Loans under this Agreement; sixth, to the payment on a pro rata basis of any amounts owing to any applicable Lender, L/C Issuer, Swing Line Lender or
Fronting Lender as a result of any judgment of a court of competent jurisdiction obtained by any such Lender, L/C Issuer, Swing Line Lender or Fronting Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its
obligations under this Agreement; seventh, so long as no Default exists, to the payment on a pro rata basis of any amounts owing to any Loan Party as a result of any judgment of a court of competent jurisdiction obtained by such Loan Party
against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided
that if (x) such payment is a payment of the principal amount of any Loan or L/C Borrowing in respect of which such Defaulting Lender has not fully funded its appropriate share and (y) such Loan or L/C Borrowing was made at a time when the
conditions set forth in Section 8.2 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Borrowings owed to, all applicable non-Defaulting Lenders on a pro rata basis prior to being applied to the
payment of any Loan of, or L/C Borrowing owed to, such Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash
Collateral pursuant to this Section 6.15.1(b) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents to the foregoing. 

(c) Certain Fees. Such Defaulting Lender (i) shall be limited in its right to receive facility fees as provided in
Section 6.5.1 and (ii) shall be limited in its right to receive Letter of Credit Fees as provided in Section 5.9. 

  
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 (d) Reallocation of Applicable Tranche Percentages. During any period in which there is a
Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to the terms hereof, the “Applicable Tranche
Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of such Defaulting Lender; provided that (i) each such reallocation shall be given effect only if, at the date the applicable Lender
becomes a Defaulting Lender, no Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender in the applicable Tranche to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans in the applicable
Tranche shall not exceed the positive difference, if any, of (1) the U.S. Tranche Commitment, Euro Tranche Commitment or Yen Tranche Commitment, as applicable, of that non-Defaulting Lender minus (2) the aggregate U.S. Credit
Exposure, Euro Credit Exposure or Yen Credit Exposure, as applicable, of that Lender. 
 Section 6.15.2 Defaulting Lender Cure.
If Prologis, Global Administrative Agent, each applicable Funding Agent, each applicable Swing Line Lender, each applicable L/C Issuer and each applicable Fronting Lender agree in writing, each in their sole discretion, that a Defaulting Lender
should no longer be deemed to be a Defaulting Lender, Global Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include
arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or take such other actions as Global Administrative Agent and/or the applicable Funding
Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit, Swing Line Loans and Fronting Loans of each applicable Tranche to be held on a pro rata basis by the Lenders of such Tranche in
accordance with their Applicable Tranche Percentages (without giving effect to Section 6.15.1(d)), whereupon that Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to
fees accrued or payments made by or on behalf of any Borrower while that Lender was a Defaulting Lender; and provided, further, that, subject to Section 14.18 and except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Lender to non-Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

Section 6.15.3 Notice of Determination of Defaulting Lender. Upon any determination by Global Administrative Agent or any Funding
Agent that any Lender constitutes a Defaulting Lender, Global Administrative Agent or such Funding Agent, as applicable, shall promptly provide Prologis with notice of such determination; provided that any failure to so notify Prologis of
such determination shall not have any effect on the status of such Lender as a Defaulting Lender. 

  
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 ARTICLE VII 

TAXES, YIELD PROTECTION AND ILLEGALITY 

Section 7.1 Taxes. 

Section 7.1.1 Payments Free of Taxes. All payments by or on account of any obligation of any Loan Party hereunder or under any
other Loan Document shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if any Loan Party shall be required by applicable Law to deduct any Indemnified Taxes (including
any Other Taxes) from such payments, then (a) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the applicable Credit
Party receives an amount equal to the sum it would have received had no such deductions been made, (b) such Loan Party shall make such deductions and (c) such Loan Party shall timely pay the full amount deducted to the relevant
Governmental Authority in accordance with applicable law. 
 Section 7.1.2 Indemnification by Loan Parties. The applicable Loan
Party shall indemnify each Credit Party, within ten days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under
this Section) paid or payable by such Credit Party on or with respect to any payment made to such Credit Party by or on account of such Loan Party hereunder or under any other Loan Document, and any penalties, interest and reasonable expenses
arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability
delivered to a Loan Party by a Lender or an L/C Issuer (with a copy to Global Administrative Agent), or by Global Administrative Agent on its own behalf or on behalf of a Lender or L/C Issuer, shall be conclusive absent demonstrable error. 

Section 7.1.3 Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by any Loan Party
to a Governmental Authority, such Loan Party shall deliver to Global Administrative Agent the original or a copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other
evidence of such payment reasonably satisfactory to Global Administrative Agent. 
 Section 7.1.4 Status of Lenders. Any Lender
that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which a Borrower is a resident for tax purposes (including in the case of the United States, a disregarded entity (as defined in Treasury
Regulation Section 301.7701-3 of the Code) owned by a resident of the United States or other Person that is engaged in a trade or business in the United States or a qualified REIT subsidiary (as defined in Section 856(i) of the Code)) or
is otherwise subject to tax, or any treaty to which any such jurisdiction is a party or which otherwise benefits such Lender, with respect to payments hereunder or under any other Loan Document shall deliver to Prologis (with a copy to Global
Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by Prologis or Global Administrative Agent, such properly completed and executed documentation prescribed by applicable law as will permit such payments
to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if requested by Prologis or Global Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by
Prologis or Global Administrative Agent as will enable Prologis or Global Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. 

  
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 Without limiting the generality of the foregoing, if a Borrower is a resident for tax purposes in
the United States, engaged in the conduct of a trade or business in the United States, a disregarded entity (as defined in Treasury Regulation Section 301.7701-3 of the Code) owned by a resident of the United States, a qualified REIT subsidiary
(as defined in Section 856(i) of the Code) or otherwise subject to tax in the United States, any Non-U.S. Lender shall deliver to Prologis and Global Administrative Agent (in such number of copies as shall be requested by the recipient) on or
prior to the date on which such Non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of Prologis or Global Administrative Agent, but only if such Non-U.S. Lender is legally entitled to do so),
whichever of the following is applicable: 
 (a) duly completed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable,
claiming eligibility for benefits of an income tax treaty to which the United States is a party, 
 (b) duly completed copies of Internal
Revenue Service Form W-8ECI, 
 (c) duly completed copies of Internal Revenue Service Form W-8IMY, 

(d) in the case of a Non-U.S. Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code,
(x) a certificate to the effect that such Non-U.S. Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the applicable Borrower within the
meaning of Section 881(c)(3)(B) of the Code or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and (y) duly completed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable, or 
 (e) any other form prescribed by applicable law as a basis for claiming
exemption from or a reduction in United States Federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit Prologis or Global Administrative Agent to determine the
withholding or deduction required to be made. 
 Without limiting the obligations of Lenders set forth above regarding delivery of certain
forms and documents to establish each Lender’s status for U.S. withholding tax purposes, each Lender agrees promptly to deliver to Global Administrative Agent, each applicable Funding Agent or Prologis, as such Agent or Prologis shall
reasonably request, on or prior to the Closing Date, and in a timely fashion thereafter, such other documents and forms required by any relevant taxing authority under the Laws of any other jurisdiction, duly executed and completed by such Lender,
as are required under such Laws to confirm such Lender’s entitlement to any available exemption from, or reduction of, applicable withholding taxes in respect of all payments to be made to such Lender outside of the U.S. by Borrowers pursuant
to this Agreement or otherwise to establish such Lender’s status for withholding tax purposes in such other jurisdiction. 
 Each
Lender shall promptly (i) notify Global Administrative Agent and each applicable Funding Agent of any change in circumstances that would modify or render invalid any claimed exemption from or reduction of Taxes or Other Taxes, and
(ii) take such steps as shall not be 

  
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materially disadvantageous to it, in the reasonable judgment of such Lender, and as may be reasonably necessary (including the re-designation of its Lending Office) to avoid any requirement of
applicable Law that any Borrower make any deduction or withholding for taxes from amounts payable to such Lender. Additionally, each Borrower shall promptly deliver to the applicable Credit Party, as such Credit Party shall reasonably request, on or
prior to the Closing Date, and in a timely fashion thereafter, such documents and forms required by any relevant taxing authorities under the Laws of any jurisdiction, duly executed and completed by such Borrower, as are required to be furnished by
such Credit Party under such Laws in connection with any payment by such Credit Party of Indemnified Taxes or Other Taxes, or otherwise in connection with the Loan Documents, with respect to such jurisdiction. 

Section 7.1.5 Exemption Representation. 

(a) Each Lender represents and warrants (such Lender’s “Exemption Representation”) to the Borrowers that, as of the date
of this Agreement or, in the case of a Person that becomes a Lender after the Closing Date, as of the date such Person becomes a party hereto (and, in the case of a Lender that agrees to make Loans under a Tranche, as of the date such agreement
become effective), except as specified in writing to Global Administrative Agent, the applicable Funding Agent and Prologis prior to the date of the applicable Exemption Representation, it is entitled to receive payments from each Borrower under
each Tranche with respect to which it has a commitment to make Loans without any reduction or withholding in respect of any Indemnified Taxes or Other Taxes and without any amount being required to be paid by any applicable Borrower pursuant to
Section 7.1.2; provided that the Exemption Representation shall not apply to any withholding tax imposed at any time on payments made by or on behalf of a Foreign Obligor. 

(b) Notwithstanding any other provision of this Agreement, no Borrower shall be obligated to pay any amount under this Section 7.1
to, or for the benefit of, any Lender to the extent that such amount would not have been required to be paid if (i) such Lender’s Exemption Representation had been accurate or (ii) such Lender had complied with its obligations under
Section 7.1.4. 
 Section 7.1.6 Treatment of Certain Refunds. If any Credit Party determines, in its sole
discretion, that it has received a refund of any Taxes as to which it has been indemnified by any Loan Party or with respect to which any Loan Party has paid additional amounts pursuant to this Section, it shall pay to such Loan Party an amount
equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan Party under this Section with respect to the Taxes giving rise to such refund), net of all reasonable out-of-pocket expenses of
such Credit Party, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that such Loan Party, upon the request of such Credit Party, agrees to repay the amount paid
over to such Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to such Credit Party in the event such Credit Party is required to repay such refund to such Governmental Authority. This
Section shall not be construed to require any Credit Party to make available its tax returns (or any other information relating to its taxes that it deems confidential) to any Borrower or any other Person. 

  
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 Section 7.1.7 FATCA. If a payment made to a Credit Party under any Loan Document
would be subject to United States Federal withholding tax imposed by FATCA if such Credit Party were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the
Code, as applicable), such Credit Party shall deliver to each applicable Borrower and each applicable Agent, 
 (a) at the time or times
prescribed by Law and at such time or times reasonably requested by any Borrower or any Agent, such documentation prescribed by applicable law (including an IRS Form W-8BEN-E or as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by any such Borrower or Agent as may be necessary for such Borrower or Agent to comply with its obligations under FATCA, to determine that such Credit Party has or has not complied with FATCA and, as
necessary, to determine the amount to deduct and withhold any payment pursuant to FATCA. 
 (b) If any documentation provided pursuant to
paragraph (a) of this Section 7.1.7 expires or becomes materially inaccurate, the relevant Credit Party shall promptly provide updated documentation to the relevant Borrower or Agent. 

(c) Each Agent and the Borrower may rely on any documentation it receives from any other Credit Party pursuant to paragraph (a) above
without further verification and is not liable for any action it takes under or in connection with paragraph (a) above for purposes of complying with FATCA. 

Solely for purposes of this Section 7.1.7, “FATCA” shall include (i) any treaty, law or regulation of any
other jurisdiction, or relating to an intergovernmental agreement between the US and any other jurisdiction which (in either case) facilitates the implementation of Sections 1471 through 1474 of the Code and regulations or official interpretations
thereof and (ii) any amendments made to FATCA after the date of this Agreement. 
 Section 7.2 Illegality. If any Lender
determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable Lending Office to make, maintain or fund Eurocurrency Rate Loans in any currency, or to make,
maintain or fund CDOR Rate Loans, or to determine or charge interest rates based upon the Eurocurrency Rate or the CDOR Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell or to
take deposits of, any applicable currency in the applicable interbank market, then, on notice thereof by such Lender to Prologis through the applicable Funding Agent, any obligation of such Lender to make, continue or convert Loans to Eurocurrency
Rate Loans in the affected currency or to make or continue CDOR Rate Loans shall be suspended until such Lender notifies Global Administrative Agent and Prologis that the circumstances giving rise to such determination no longer exist. Upon receipt
of such notice, the applicable Borrower shall, upon demand from such Lender (with a copy to the applicable Funding Agent), prepay or, if applicable and such Loans are denominated in Dollars under the U.S. Tranche, Yen under the Yen Tranche or Euro
under the Euro Tranche, convert all applicable Eurocurrency Rate Loans of such Lender to Base Rate Loans, ABR Rate Loans or Substitute Rate Loans, as applicable, either on the last day of the Interest Period therefor or on such earlier date on which
such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans. Upon any such prepayment or conversion, the applicable Borrower shall also pay accrued interest on the amount so prepaid or converted. 

  
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 Section 7.3 Inability to Determine Rates. 

Section 7.3.1 Determination of Rates. If the Tranche Required Lenders determine for their Tranche (other than with respect to the
Euro Tranche) that for any reason in connection with any request for Eurocurrency Rate Loans or CDOR Rate Loans or a conversion to or continuation thereof that (a) deposits are not being offered to (or, in the case of CDOR Rate Loans,
banker’s acceptances are not being accepted by) banks in the applicable interbank market for the currency, amount and Interest Period for such Loans, (b) adequate and reasonable means do not exist for determining the Eurocurrency Rate or
the CDOR Rate, as applicable, for the requested Interest Period for such Loans or (c) the Eurocurrency Rate or the CDOR Rate, as applicable, for any requested Interest Period for such Loans does not adequately and fairly reflect the cost to
such Lenders of funding such Loans for the requested Interest Period, the applicable Funding Agent will promptly so notify Prologis, each Borrower in the affected Tranche and each Lender in the affected Tranche. Thereafter, the obligation of such
Lenders to make or maintain Eurocurrency Rate Loans in the affected currency or currencies or the CDOR Rate Loans for the applicable Interest Period in the affected Tranche shall be suspended until such Funding Agent (upon the instruction of the
applicable Tranche Required Lenders) revokes such notice. Upon receipt of such notice, the applicable Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans or CDOR Rate Loans, as
applicable, in the affected currency or currencies or, failing that, will be deemed to have converted such request into a request for a Committed Borrowing of Base Rate Loans under the U.S. Tranche or ABR Rate Loans under the Yen Tranche, as
applicable, in the amount specified therein, and with respect to Loans under the U.S. Tranche and the Yen Tranche, such Loans shall be converted to the Primary Currency of the such Tranche in the Foreign Currency Equivalent amount of such Loans to
the extent such Loans are not in the Primary Currency of the applicable Tranche at such time. 
 Section 7.3.2 Market
Disruptions. (a) If Euro Lenders (including any applicable Fronting Lenders) holding at least 35% of the Euro Aggregate Commitments or, if the Euro Aggregate Commitments have been terminated, Euro Lenders holding in the aggregate at least
35% of the Euro Total Outstandings determine that a requested Borrowing or continuation is affected by an event of the type described in Section 7.3.1(a), (b) or (c), or (b) if the Eurocurrency Rate is to be
determined by reference to Reference Banks at or about 11:00 a.m., Brussels time, on the determination date for the Interest Period applicable to a Borrowing or continuation, and none of the Reference Banks supplies a rate for the purpose of
determining the Eurocurrency Rate for such Borrowing or continuation, then Euro Funding Agent will promptly so notify Prologis, each Euro Borrower and each Euro Lender of such event. Thereafter, the obligation of Euro Lenders to make or maintain
Eurocurrency Rate Loans in the currency of the requested Borrowing or continuation for the affected currency shall be suspended until Euro Funding Agent (upon the instruction Euro Required Lenders) revokes such notice. Upon receipt of such notice,
Prologis may revoke any pending request for a Euro Committed Borrowing or continuation in the affected currency, or, failing that, will be deemed to have converted such request into a request for a Euro Committed Borrowing of Substitute Rate Loans
denominated in Euro, and any Euro Committed Loans that are not denominated in Euro and are affected by this provision shall be converted to Euro in the Euro Equivalent amount of such Euro Loans at such time. 

  
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 Section 7.4 Increased Costs Generally. 

Section 7.4.1 Increased Costs. If any Change in Law shall: 

(a) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets
of, deposits with or for the account of, or credit extended or participated in by, any Credit Party (except any reserve requirement contemplated by Section 7.4.4); 

(b) subject any Credit Party to any tax of any kind whatsoever with respect to this Agreement, any Letter of Credit, any participation in a
Letter of Credit or any Loan made by it, or change the basis of taxation of payments to such Credit Party in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 7.1 and the imposition of, or any change in the
rate of, any Excluded Tax); or 
 (c) impose on any Credit Party or any applicable interbank market any other condition, cost or expense
affecting this Agreement or any Loans made by such Credit Party or any Letter of Credit or participation therein; 
 and the result of any of the foregoing
shall be to increase the cost to such Credit Party of making or maintaining any Loan (or of maintaining its obligation to make any Loan), or to increase the cost to such Credit Party of participating in, issuing or maintaining any Letter of Credit
(or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Credit Party hereunder (whether of principal, interest or any other amount) then, upon request
of such Credit Party, Prologis will pay (or cause the applicable Borrower to pay) to such Credit Party, such additional amount or amounts as will compensate such Credit Party for such additional costs incurred or reduction suffered. 

Section 7.4.2 Capital Requirements. If any Credit Party determines that any Change in Law affecting such Credit Party or any
Lending Office of such Credit Party or such Credit Party’s holding company, if any, regarding capital requirements or liquidity has or would have the effect of reducing the rate of return on such Credit Party’s capital or on the capital of
such Credit Party’s holding company, if any, as a consequence of this Agreement, the Commitments of such Credit Party or the Loans made by, or participations in Letters of Credit held by, such Credit Party, or the Letters of Credit issued by
such Credit Party, to a level below that which such Credit Party or such Credit Party’s holding company could have achieved but for such Change in Law (taking into consideration such Credit Party’s policies and the policies of such Credit
Party’s holding company with respect to capital adequacy and liquidity), then from time to time Prologis will pay (or cause the applicable Borrower to pay) to such Credit Party, such additional amount or amounts as will compensate such Credit
Party or such Credit Party’s holding company for any such reduction suffered. 
 Section 7.4.3 Certificates for
Reimbursement. Any Credit Party requesting compensation pursuant to this Section 7.4 shall deliver to Prologis (with a copy to Global Administrative Agent) a certificate setting forth in reasonable detail the basis for such request


  
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and a calculation of the amount necessary to compensate such Credit Party or its holding company, as the case may be, as specified in Section 7.4.1 or 7.4.2 above, and any such
certificate shall be conclusive absent demonstrable error. Prologis shall pay (or cause the applicable Borrower to pay) such Credit Party the amount shown as due on any such certificate within 15 days after receipt thereof. 

Section 7.4.4 Additional Reserve Requirements. Each applicable Borrower shall pay to each Lender, (a) as long as such Lender
shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal
amount of each Eurocurrency Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent demonstrable error), and (b) as
long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the funding of the Eurocurrency Rate Loans or the CDOR
Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Loan by such Lender (as determined by such Lender in good
faith, which determination shall be conclusive absent demonstrable error), which in each case shall be due and payable on each date on which interest is payable on such Loan, provided each applicable Borrower shall have received at least 15
days’ prior notice (with a copy to Global Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice 15 days prior to the relevant Interest Payment Date, such additional interest or costs shall
be due and payable 15 days from receipt of such notice. 
 Section 7.4.5 Limitations on Lender Claims. Notwithstanding the
foregoing provisions of this Section 7.4, no Lender shall be entitled to compensation for any cost, increased costs or liability resulting from a failure by such Lender to comply with any request from or requirement of any central
banking or financial regulatory authority (whether or not having the force of law, but if not having the force of law being a request of a nature with which banks generally are expected or accustomed to comply). 

Section 7.5 Compensation for Losses. Each Borrower agrees that it will, from time to time, compensate each Lender for and hold
each Lender harmless from any loss, cost or expense incurred by such Lender as a result of: 
 (a) any continuation, conversion, payment or
prepayment of any Loan of such Lender to such Borrower (other than a Base Rate Loan or ABR Rate Loan) on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or
otherwise); 
 (b) any failure by such Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow
(including any failure to borrow in the event such Borrower falls under any of items (a) through (i) of Section 9.19 or any Loan Party fails to comply with Section 11.9), continue or convert any Loan of (or to be
made by) such Lender to such Borrower (other than a Base Rate Loan or ABR Rate Loan) on the date or in the amount notified by such Borrower; 

  
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 (c) any failure by such Borrower to make payment of any Loan or reimbursement obligation under
any Letter of Credit (or interest due thereon) in the currency in which such Loan or reimbursement obligation is denominated; or 
 (d) any
assignment of a Eurocurrency Rate Loan or CDOR Rate Loan of such Lender to such Borrower on a day other than the last day of the Interest Period therefor as a result of a request by Prologis pursuant to Section 14.12; 

including any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loans or from fees payable to terminate
the deposits from which such funds were obtained or, solely in the case of subsection (c) above, any foreign exchange losses (but in each case excluding any loss of anticipated profits). 

For purposes of calculating amounts payable by a Borrower to a Lender under this Section 7.5, (A) each Lender shall be deemed
to have funded (i) each Eurocurrency Rate Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the offshore interbank market for such currency for a comparable amount and for a comparable period and
(ii) each CDOR Rate Loan made by it by the acceptance of a bankers’ acceptance for a comparable amount and a comparable period issued by a company of comparable credit quality as Prologis, in each case whether or not the applicable Loan
was in fact so funded; and (B) the losses and expenses of any Lender resulting from any event described in clause (a) above, any failure by a Borrower to borrow or continue a Loan as contemplated by clause (b) above or
any assignment pursuant to clause (d) above shall not exceed the excess, if any, of (i) the amount of interest that would have accrued on the principal amount of the applicable Loan had such event not occurred, at the Eurocurrency
Rate applicable (or that would have been applicable) to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period
that would have been the Interest Period for such Loan), over (ii) the amount of interest that would accrue on such principal amount for such period at the interest rate that (I) in the case of a Eurocurrency Rate Loan, such Lender would
bid, at the commencement of such period, for deposits in the applicable currency of a comparable amount and period from other banks in the applicable eurocurrency market or (II) in the case of a CDOR Rate Loan, the rate that would be applicable for
a CDOR Rate Loan for such period. 
 Any Lender requesting compensation pursuant to this Section 7.5 shall deliver to the applicable Borrower
(with copies to Prologis, Global Administrative Agent and the applicable Funding Agent) a certificate setting forth in reasonable detail a calculation of the amount demanded and any such certificate shall be conclusive absent demonstrable error. The
applicable Borrower shall pay the applicable Lender the amount shown as due on any such certificate within 15 days after receipt thereof. 

Section 7.6 Mitigation Obligations; Replacement of Lenders. 

Section 7.6.1 Designation of a Different Lending Office. If any Credit Party requests compensation under Section 7.4,
or any Borrower is required to pay any additional amount to any Credit Party or any Governmental Authority for the account of any Credit Party pursuant to Section 7.1, or if any Credit Party gives a notice pursuant to
Section 7.2, then such 

  
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Credit Party shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its
offices, branches or affiliates, if, in the reasonable judgment of such Credit Party, such designation or assignment (a) would eliminate or reduce amounts payable pursuant to Section 7.1 or 7.4, as the case may be, in the
future, or eliminate the need for the notice pursuant to Section 7.2, and (b) in each case, would not subject such Credit Party to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Credit Party.
Prologis hereby agrees to pay (or to cause the applicable Borrower to pay) all reasonable costs and expenses incurred by any Credit Party in connection with any such designation or assignment. 

Section 7.6.2 Delay in Requests. Failure or delay on the part of any Credit Party to demand compensation pursuant to
Section 7.1, 7.4 or 7.5 shall not constitute a waiver of such Credit Party’s right to demand such compensation; provided that no Borrower shall be required to compensate a Credit Party pursuant to any such
Section for any Indemnified Taxes, Other Taxes, increased cost, reduction in return, funding loss or other amount (any of the foregoing, a “Compensation Amount”) incurred or suffered more than six months prior to the date that
such Credit Party notified Prologis of the Change in Law or other event giving rise to such Compensation Amount and of such Credit Party’s intention to claim compensation therefor (except that, if the Change in Law or other event giving rise to
such Compensation Amount is retroactive, then the six month period referred to above shall be extended to include the period of retroactive effect thereof). 

Section 7.6.3 Replacement of Lenders. If any Lender requests compensation under Section 7.4, or if any Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 7.1, Prologis may replace such Lender in accordance with Section 14.12. 

Section 7.7 Qualified Lender Status. If a Lender notifies the applicable Funding Agent (orally or in writing) that it is a
Qualified Lender with respect to the imposition of a withholding tax, and (a) such Qualified Lender is subject to withholding taxes immediately prior to and after the funding of the applicable Loan, and (b) there were Fronting Lenders
available to make such Loan as set forth in Section 2.2.2(a), 3.2.2(a) or 4.2.2(a), as applicable, then the applicable Borrower shall not be required to pay any additional amounts under Section 7.1 with respect
to withholding taxes imposed on the payments to such Lender on account of such Loan. Furthermore, each Funding Agent shall be permitted to rely solely on any notices, certificates or Assignment and Assumptions provided by any Lender regarding its
status as a Qualified Lender, and such Funding Agent shall not be required to independently verify such Lender’s status or request any updates from such Lender as to whether it remains a Qualified Lender at the time of any request for a Credit
Extension. Notwithstanding the foregoing, this Section 7.7 shall not limit any right or remedy of any Lender under this Article VII with respect to any Loan to the extent such Lender ceases to be a Qualified Lender due to a Change
in Law after the funding of such Loan. 
 Section 7.8 Survival. All obligations under this Article VII shall survive
termination of the Aggregate Tranche Commitments and repayment of all other Obligations hereunder. 

  
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 ARTICLE VIII 

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 

Section 8.1 Conditions of Initial Credit Extension. The obligation of each L/C Issuer and each Lender to make its initial Credit
Extension hereunder is subject to satisfaction of the following conditions precedent: 
 Section 8.1.1 Documents. Global
Administrative Agent’s receipt (which may be by facsimile or electronic mail, followed promptly by originals) of the following, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the
case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance reasonably satisfactory to each Agent and each Lender: 

(a) executed counterparts of this Agreement, sufficient in number for distribution to each Agent and Prologis; 

(b) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan
Party as Global Administrative Agent may reasonably require evidencing the identity, authority and capacity of the Responsible Officers thereof authorized to execute and deliver the Loan Documents to which such Loan Party is a party; 

(c) such documents and certifications as Global Administrative Agent may reasonably require to evidence that each Loan Party is duly organized
or formed in the jurisdiction of its organization or formation; 
 (d) favorable opinions of each of the law firms listed on
Schedule 8.1, as counsel to the Loan Parties as identified on Schedule 8.1, addressed to each Agent, each L/C Issuer, and each Lender, as to such matters concerning the Loan Parties and the Loan Documents as Global
Administrative Agent may reasonably request; 
 (e) a certificate of a Responsible Officer of each Loan Party either (i) attaching
copies of all consents, licenses and approvals required in connection with the execution, delivery and performance by such Loan Party, and the validity against such Loan Party, of the Loan Documents to which it is a party, each of which consents,
licenses and approvals shall be in full force and effect, or (ii) stating that no such consents, licenses or approvals are so required; 

(f) a certificate signed by a Responsible Officer of Prologis certifying (i) that the conditions specified in Sections 8.2.1
and 8.2.2 have been satisfied; (ii) that there has been no event or circumstance since the date of the Audited Financial Statements that has had or would be reasonably expected to have, either individually or in the aggregate, a Material
Adverse Effect; and (iii) the current Moody’s Rating, S&P Rating, and Fitch Rating; and 
 (g) such other assurances,
certificates, documents, consents or opinions as any Agent, any L/C Issuer, the Swing Line Lenders or any Tranche Required Lenders reasonably may require. 

  
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 Section 8.1.2 Fees. Any fees required to be paid on or before the Closing Date shall
have been paid. 
 Section 8.1.3 Expenses. Unless waived by Global Administrative Agent, Prologis shall have paid all reasonable
and documented fees, charges and disbursements of counsel to Global Administrative Agent to the extent invoiced prior to or on the Closing Date. 

Section 8.1.4 Closing Deadline. The Closing Date shall have occurred on or before April 30, 2016. 

Without limiting the generality of the provisions of Section 13.4, for purposes of determining compliance with the conditions specified in this
Section 8.1, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required hereunder to be consented to or approved by or acceptable
or satisfactory to a Lender unless Global Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 

Section 8.2 Conditions to all Credit Extensions. The obligation of each Lender to honor any request for a Credit Extension (other
than a Committed Loan Notice requesting only a conversion of Committed Loans to another Type or a continuation of Eurocurrency Rate Loans or CDOR Rate Loans) is subject to the following conditions precedent: 

Section 8.2.1 Representations and Warranties. The representations and warranties of each Loan Party contained in Article IX
and each other Loan Document or in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects on and as of the date of such Credit Extension, except to the extent that such
representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, and except that for purposes of this Section 8.2, the representations
and warranties contained in Section 9.5(a) shall be deemed to refer to the most recent statements furnished pursuant to Section 10.1(a). 

Section 8.2.2 Default. No Default shall exist or would result from such proposed Credit Extension or the application of the
proceeds thereof. 
 Section 8.2.3 Request for Credit Extension. The applicable Funding Agent and, if applicable, an L/C Issuer
or a Swing Line Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. 
 Section 8.2.4
Market Events Affecting Alternative Currencies. In the case of a Credit Extension to be denominated in an Alternative Currency of the applicable Tranche, such relevant currency shall be readily available and freely transferable and
convertible to (a) for the U.S. Tranche, Dollars, (b) for the Euro Tranche, Euros, (c) for the Yen Tranche, Yen, and (d) for each Supplemental Tranche, the currency set forth in the applicable Supplemental Addendum as the primary
currency. 
 Each request for a Credit Extension (other than a Committed Loan Notice requesting only a conversion of Committed Loans to another Type or a
continuation of Eurocurrency Rate Committed Loans or CDOR Rate Loans) submitted by Prologis shall be deemed to be a representation and warranty that the conditions specified in Sections 8.2.1 and 8.2.2 have been satisfied on and
as of the date of the applicable Credit Extension. 

  
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 ARTICLE IX 

REPRESENTATIONS AND WARRANTIES 
 Each Loan
Party represents and warrants to the Credit Parties that: 
 Section 9.1 Existence, Qualification and Power; Compliance with
Laws. Each Loan Party (a) is duly organized or formed, validly existing and, to the extent applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority
and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party
and (c) is duly qualified and is licensed and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case
referred to in clause (b)(i) or (c) above, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 

Section 9.2 Authorization; No Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to
which such Person is party have been duly authorized by all necessary corporate or other organizational action, and do not and will not: (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or
result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (i) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any
of its Consolidated Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (c) violate any Law. Each Company is in compliance with
all Contractual Obligations referred to in clause (b)(i), except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 

Section 9.3 Governmental Authorization; Other Consents. No approval, consent, exemption, authorization or other action by, or
notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document
(excluding approvals, consents, exemptions and authorizations that have been obtained and are in full force and effect and those that, if not made or obtained, would not (a) materially and adversely affect the validity or enforceability of any
Loan Document or (b) result in a Default). 
 Section 9.4 Binding Effect. This Agreement has been, and each other Loan
Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding
obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms, subject to applicable Debtor Relief Laws and general principles of equity. 

  
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 Section 9.5 Financial Statements.  

(a) The Audited Financial Statements (i) were prepared in all material respects accordance with GAAP consistently applied throughout the
period covered thereby, except as otherwise expressly noted therein; (ii) fairly present in all material respects the consolidated financial condition of General Partner as of the date thereof and its consolidated results of operations for the
period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show (either in the text thereof or the notes thereto) other than those disclosed
to each Agent and each Lender in writing all material Liabilities of General Partner and its Consolidated Subsidiaries as of the date thereof. 

(b) The most recent unaudited consolidated balance sheet of General Partner and its Consolidated Subsidiaries delivered to Global
Administrative Agent pursuant to Section 10.1(b), and the related consolidated statements of income or operations, shareholders’ equity and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance
with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present in all material respects the consolidated financial condition of General Partner as of such date and its
consolidated results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments. 

Section 9.6 Litigation. As of the Closing Date, except as specifically disclosed in Schedule 9.6, there are no
actions, suits, proceedings, claims or disputes pending or, to the knowledge of any Loan Party after due and diligent investigation, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against
any Company or against any Company’s properties or revenues that (a) purport to affect or pertain to this Agreement or any other Loan Document, or any of the transactions contemplated hereby, or (b) either individually or in the
aggregate, if determined adversely, could reasonably be expected to have a Material Adverse Effect. 
 Section 9.7 No Default.
No Company is in default under or with respect to any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result
from the consummation of the transactions contemplated by this Agreement or any other Loan Document. 
 Section 9.8 Ownership of
Property. Each Company has good record and marketable title in fee simple to, or valid trust beneficiary interests or leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in
title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 Section 9.9
Environmental Compliance. Each Company conducts in the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential Liability or responsibility for violation of any Environmental Law on their
respective businesses, operations and properties, and as a result thereof the Companies have reasonably concluded that, except as specifically disclosed in Schedule 9.9, such Environmental Laws and claims could not, individually or in
the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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 Section 9.10 Taxes. Each Company has filed all Federal and other material state,
provincial, and other Tax returns and reports required to be filed, and has paid, collected, withheld and remitted all Federal and other material state, provincial, and other material Taxes, assessments, fees and other governmental charges levied or
imposed upon it or its properties, income or assets otherwise due and payable, or which it has been required to collect or withhold and remit, except those which are being contested in good faith by appropriate proceedings diligently conducted and
for which adequate reserves have been provided in accordance with GAAP or such Taxes, the failure to make payment of which when due could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. There is no
proposed tax assessment against any Company that would, if made, have a Material Adverse Effect. 
 Section 9.11 Pension Law
Compliance. 
 (a) Each Plan is in compliance in all material respects with the applicable provisions of applicable Laws. Each
Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination or opinion letter from the IRS, or such Plan is entitled to rely on an advisory or opinion letter issued with respect to an IRS approved
master and prototype or volume submitter plan, or an application for such a letter is currently being processed by the IRS with respect thereto and, to the best knowledge of Prologis, nothing has occurred which would prevent, or cause the loss of,
such qualification. Prologis and each ERISA Affiliate have made all required contributions to each Pension Plan subject to Section 412 of the Code, and no application for a funding waiver or an extension of any amortization period pursuant to
Section 412 of the Code has been made with respect to any such Pension Plan. 
 (b) There are no pending or, to the best knowledge of
any Borrower, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. Neither Prologis nor any other Borrower has knowledge of any
prohibited transaction (within the meaning of Section 4975 of the Code or Section 406 of ERISA) or violation of the fiduciary responsibility rules (within the meaning of Section 404 or 405 of ERISA) with respect to any Plan that has
resulted or could reasonably be expected to result in a Material Adverse Effect. 
 (c) (i) No ERISA Event has occurred or is reasonably
expected to occur; (ii) neither Prologis nor any ERISA Affiliate has incurred, or reasonably expects to incur, any Liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under
Section 4007 of ERISA); (iii) neither Prologis nor any ERISA Affiliate has incurred any unsatisfied, or reasonably expects to incur any, Liability (and no event has occurred which, with the giving of notice under Section 4219 of
ERISA, would result in such Liability) under Section 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (iv) neither Prologis nor any ERISA Affiliate has engaged in a transaction that reasonably could be expected to be subject
to Sections 4069 or 4212(c) of ERISA. 

  
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 Section 9.12 Margin Regulations; Investment Company Act; EEA Financial
Institution. 
 (a) No Loan Party is engaged or will engage, principally or as one of its important activities, in the business of
purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. 

(b) No Loan Party is or is required to be registered as an “investment company” under the Investment Company Act of 1940. 

(c) No Loan Party is an EEA Financial Institution. 

Section 9.13 Disclosure. Each Loan Party has disclosed to the Credit Parties all agreements, instruments and corporate or other
restrictions to which any Company is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. No report, financial statement, certificate or other
information furnished (whether in writing or orally) by or on behalf of any Loan Party to any Credit Party in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Loan
Document (in each case, as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading in any material respect; provided that, with respect to projected financial information, each Borrower represents only that such information was prepared in good faith based upon assumptions believed to be
reasonable at the time. 
 Section 9.14 Compliance with Laws. Each Company is in compliance in all material respects with the
requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith
by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. Without limiting the foregoing, each Company
has instituted and maintains policies and procedures designed to promote and achieve compliance with Anti-Corruption Laws. 

Section 9.15 Dutch Banking Act. Each Dutch Borrower is in compliance with the Dutch Banking Act and any regulations issued
pursuant thereto. 
 Section 9.16 Solvency. Each Loan Party is, and after giving effect to all Obligations hereunder will be,
Solvent. 
 Section 9.17 Plan Assets. The assets of each Company are not “plan assets” as defined in 29 C.F.R. § 2510.3-101(a)(1), as modified by Section 3(42) of ERISA. 
 Section 9.18 REIT
Status. General Partner is qualified as a REIT. 

  
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 Section 9.19 Anti-Social Forces. No Japan Borrower is, at present, (a) a gang
(boryokudan), (b) a gang member, (c) a person for whom five years have not passed since ceasing to be a gang member, (d) an associate gang member, (e) a gang-related company, (f) a corporate extortionist
(sokaiya) and the like, (g) a rogue adopting social movements as its slogan (shakai undotou hyobo goro), (h) a violent force with special knowledge (tokushu chinou boryoku shudan tou)(each as defined in the
“Manual of Measures against Organized Crime” (soshikihanzai taisaku youkou) by the National Police Agency of Japan), or (i) another person or entity similar to any of the above (collectively, “Gang Members,
Etc.”); nor does any Loan Party have any: 
 (i) relationships by which its management is considered to be
controlled by Gang Members, Etc.; 
 (ii) relationships by which Gang Members, Etc. are considered to be involved
substantially in its management; 
 (iii) relationships by which it is considered to unlawfully utilize Gang Members, Etc.
for the purpose of securing unjust advantage for itself or any third party or of causing damage to any third party; 
 (iv)
relationships by which it is considered to offer funds or provide benefits to Gang Members, Etc.; or 
 (v) officers or
persons involved substantially in its management having socially condemnable relationships with Gang Members, Etc. 
 Section 9.20
Sanctions and Anti-Corruption Laws. No Company is located, organized or resident in any Sanctioned Country in violation of applicable Sanctions; provided that if a Company is located, organized or resident in a jurisdiction that becomes a
Sanctioned Country after the date of this Agreement, such Company shall not be a “Company” for purposes of the foregoing so long as (i) such Company is taking reasonable steps either to obtain appropriate licenses for transacting
business in such jurisdiction or to no longer be located, organized or resident in such jurisdiction and (ii) such Person’s being located, organized or resident in such country or territory (x) will not result in any violation of
Sanctions by Administrative Agent or any Lender and (y) would not be reasonably expected to have Material Adverse Effect. Each Company is in compliance in all material respects with all applicable Anti-Corruption Laws, except for any failure to
comply that (A) is not systemic, (B) does not involve senior management of the Company and (C) would not be reasonably expected to have Material Adverse Effect. The Borrowers will not use, or knowingly permit any other Person to use,
any Letter of Credit or the proceeds of any Loan in any manner that will violate any Anti-Corruption Law or Sanctions applicable to such Borrower or such other Person or any Credit Party. 

Section 9.21 Act on Specified Commitment Line Contract. Prologis comes under article 2 of the Act on Specified Commitment Line
Contract (tokutei yushiwaku keiyaku ni kansuru horitsu) of Japan (Law No.4 of 1999). 

  
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 ARTICLE X 

AFFIRMATIVE COVENANTS 
 So long as any
Lender shall have any Commitment hereunder, any Loan or other Obligation shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding: 

Section 10.1 Financial Statements. General Partner shall deliver, or cause to be delivered, to Global Administrative Agent, in
form and detail satisfactory to Global Administrative Agent: 
 (a) as soon as available, but in any event within 90 days after the end of
each fiscal year of General Partner and Prologis (commencing with the fiscal year ended December 31, 2016), a consolidated balance sheet of each of (i) General Partner and its Consolidated Subsidiaries and (ii) Prologis and its
Consolidated Subsidiaries, in each case as at the end of such fiscal year, and the related consolidated statements of income or operations, equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for
the previous fiscal year, all in reasonable detail, audited and accompanied by a report and opinion of a Registered Public Accounting Firm of nationally recognized standing reasonably acceptable to Global Administrative Agent, which report and
opinion shall be prepared in accordance with generally accepted auditing standards and applicable Securities Laws; and 
 (b) as soon as
available, but in any event within 45 days after the end of each of the first three fiscal quarters of each fiscal year of General Partner and Prologis (commencing with the fiscal quarter ended March 31, 2016), a consolidated balance sheet of
each of (i) General Partner and its Consolidated Subsidiaries and (ii) Prologis and its Consolidated Subsidiaries, in each case as at the end of such fiscal quarter, and the related consolidated statements of income or operations for such
fiscal quarter and for the portion of the fiscal year then ended, and equity and cash flows for the portion of the fiscal year then ended, setting forth in each case in comparative form a balance sheet as of the end of the previous fiscal year and
statements of income or operation and cash flows for the corresponding portion of the previous fiscal year, all in reasonable detail, certified by a Responsible Officer of Prologis as fairly presenting the financial condition, results of operations,
equity and cash flows of the Companies, subject only to normal year-end audit adjustments and the absence of footnotes. 
 As to any information contained
in materials furnished pursuant to Section 10.2(d), General Partner shall not be separately required to furnish such information under clause (a) or (b) above, but the foregoing shall not be in derogation of the
obligation of General Partner to furnish the information and materials described in clauses (a) and (b) above at the times specified therein. 

Section 10.2 Certificates; Other Information. General Partner shall deliver, or cause to be delivered, to Global Administrative
Agent, in form and detail satisfactory to Global Administrative Agent: 
 (a) concurrently with the delivery of each set of financial
statements referred to in Section 10.1(a), an opinion from a Registered Public Accounting Firm of nationally recognized standing to the effect that such financial statements were prepared in accordance with GAAP and present fairly, in
all material respects, the consolidated financial condition of General Partner and 

  
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its Consolidated Subsidiaries, or Prologis and its Consolidated Subsidiaries, as applicable, as of the date thereof and the consolidated results of operations of General Partner and its
Consolidated Subsidiaries, or Prologis and its Consolidated Subsidiaries, as applicable, for the fiscal year then ended; 
 (b) concurrently
with the delivery of each set of financial statements referred to in Sections 10.1(a) and (b), a duly completed Compliance Certificate signed by a Responsible Officer of General Partner; 

(c) promptly after any request by Global Administrative Agent, copies of any detailed audit reports, management letters or recommendations
submitted to the board of directors of General Partner by independent accountants in connection with the accounts or books of any Company, or any audit of any Company; 

(d) promptly after filing, true, correct, and complete copies of all material reports or filings filed by or on behalf of any Company with any
Governmental Authority (including copies of each Form 10-K, Form 10-Q, and Form S-8 filed by or on behalf of any Company with the SEC); and 

(e) promptly, such additional information regarding the business, financial or corporate affairs of any Company (and to the extent available
to a Company, any other Borrower), or compliance with the terms of the Loan Documents, as Global Administrative Agent may from time to time reasonably request. 

Documents required to be delivered pursuant to Section 10.1(a) or (b) or Section 10.2(d) (to the extent any such documents
are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which a Company posts such documents, or provides a link thereto, on its
website on the internet at the website address listed on Schedule 14.2; or (ii) on which such documents are posted on its behalf on an internet or intranet website, if any, to which each Credit Party has access (whether a commercial,
third-party website or whether sponsored by Global Administrative Agent); provided that a Company shall notify Global Administrative Agent (by facsimile or electronic mail) of the posting of any such documents and, if requested, provide to
Global Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Except for such Compliance Certificates, Global Administrative Agent shall have no obligation to request the delivery or to maintain
copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by any Company with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or
maintaining its copies of such documents. 
 Each of General Partner and Prologis hereby acknowledges that (a) Agents and/or the Arrangers will make
available to each Lender and the L/C Issuers materials and/or information provided by or on behalf of General Partner and Prologis hereunder (collectively, “Borrower Materials”) by posting Borrower Materials on IntraLinks, SyndTrak
or another similar electronic system (the “Platform”) and (b) certain Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to General
Partner, Prologis or their respective securities) (each, a “Public Lender”). Each of General Partner and Prologis hereby 

  
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agrees that: (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the
word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” General Partner and Prologis shall be deemed to have authorized each Credit Party to treat such Borrower Materials
as not containing any material non-public information with respect to General Partner, Prologis or their respective securities for purposes of United States Federal and state securities laws (provided that to the extent such Borrower
Materials constitute Information, they shall be treated as set forth in Section 14.7); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public
Investor;” and (z) Agents and the Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public
Investor.” Notwithstanding the foregoing, neither General Partner nor Prologis shall have any obligation to mark any Borrower Materials “PUBLIC”. 

Section 10.3 Notices. General Partner shall promptly notify, or cause a Loan Party to notify, Global Administrative Agent: 

(a) of the occurrence of any Default; 

(b) of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect, including: (i) breach or
non-performance of, or any default under, a Contractual Obligation of any Company; (ii) any dispute, litigation, investigation, proceeding or suspension between any Company and any Governmental Authority; or (iii) the commencement of, or
any material development in, any litigation or proceeding affecting any Company, including pursuant to any applicable Environmental Laws; 

(c) of the occurrence of any ERISA Event; 

(d) of any material change in accounting policies or financial reporting practices by any Company (except to the extent disclosed in financial
statements provided pursuant to Section 10.1, including the footnotes to such financial statements); and 
 (e) promptly upon
receipt by General Partner or Prologis of notice thereof, and in any event within five Business Days after any change in the Moody’s Rating, the S&P Rating or the Fitch Rating, notice of such change. 

Each notice pursuant to this Section 10.3 shall be accompanied by a statement of a Responsible Officer of the applicable Loan Party setting forth
details of the occurrence referred to therein and stating what action such Loan Party has taken and proposes to take with respect thereto. Each notice pursuant to Section 10.3(a) shall describe with particularity any provision of this
Agreement or any other Loan Document that has been breached. Global Administrative Agent shall promptly notify Lenders of any notice received under this Section 10.3. 

Section 10.4 Payment of Obligations. General Partner shall, and shall cause each other Company to, pay and discharge as the same
shall become due and payable, all its Liabilities (including tax Liabilities), except to the extent (a) the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are
being maintained therefor or (b) the failure to pay and discharge such Liabilities could not reasonably be expected to result in a Material Adverse Effect. 

  
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 Section 10.5 Preservation of Existence, Etc. General Partner shall, and shall cause
each other Company to: (a) preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 11.2;
(b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so could not reasonably be expected to
have a Material Adverse Effect; and (c) preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which could reasonably be expected to have a Material Adverse Effect. 

Section 10.6 Maintenance of Properties. General Partner shall, and shall cause each other Company to: (a) maintain, preserve
and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; and (b) make all necessary repairs thereto and renewals and replacements
thereof, in each case except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 

Section 10.7 Maintenance of Insurance. General Partner shall, and shall cause each other Company to, maintain insurance (giving
effect to reasonable and prudent self-insurance) according to reasonable and prudent business practices. 
 Section 10.8 Compliance
with Laws. General Partner shall, and shall cause each other Company to, comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in
such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith could not reasonably be
expected to have a Material Adverse Effect. Without limiting the foregoing, each Company shall maintain policies and procedures designed to promote and achieve compliance with applicable Anti-Corruption Laws and Sanctions. 

Section 10.9 Books and Records. General Partner shall, and shall cause each other Company to, maintain proper books of record and
account, in which true and correct entries are made that are sufficient to prepare General Partner’s and Prologis’ financial statements in conformity in all material respects with GAAP consistently applied. 

Section 10.10 Inspection Rights. Upon reasonable request, and subject to Section 14.7, General Partner shall, and
shall cause each other Company to, allow any Agent (or its Related Parties who may be accompanied by a Related Party of one or more Lenders) to inspect any of its properties, to review reports, files, and other records and to make and take away
copies thereof, and to discuss (provided that General Partner or the applicable other Company is given the opportunity to be present for such discussions) any of its affairs, conditions, and finances with its directors, officers, employees or
representatives from time to time upon reasonable notice, during normal business hours; provided that unless a Default has occurred and is continuing and except in the case of Global Administrative Agent and its Related Parties, such
inspections shall be at the applicable Credit Party’s sole cost and expense. 

  
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 Section 10.11 Use of Proceeds. Each Borrower shall use the proceeds of the Credit
Extensions for general corporate purposes not in contravention of any Law (including the United States Foreign Corrupt Practices Act of 1977, the regulations of the United States Department of the Treasury’s Office of Foreign Assets Control and
the UK Bribery Act 2010) or of any Loan Document. 
 Section 10.12 REIT Status. General Partner shall, at all times, maintain
its status as a REIT. 
 Section 10.13 Guaranties. 

(a) Pursuant to the General Partner Guaranty, General Partner shall Guarantee the Obligations of all Borrowers. 

(b) Pursuant to the Prologis Guaranty, Prologis shall Guarantee the Obligations of all Affiliate Borrowers. 

Section 10.14 Claims Pari Passu. Each Loan Party shall ensure that at all times the claims of the Credit Parties under the Loan
Documents rank at least pari passu with the claims of all its unsecured and unsubordinated creditors other than those claims that are preferred by Debtor Relief Laws. 

ARTICLE XI 
 NEGATIVE
COVENANTS 
 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation shall remain unpaid or unsatisfied, or any Letter
of Credit shall remain outstanding: 
 Section 11.1 Secured Indebtedness. General Partner shall not permit the ratio (expressed
as a percentage) of (a) the aggregate amount of all Secured Debt of the Companies outstanding as of the last day of any fiscal quarter to (b) Total Asset Value as of such date to exceed 40%. 

Section 11.2 Fundamental Changes. General Partner shall not, and shall not permit any other Company to, merge, dissolve,
liquidate, consolidate with or into another Person, except that, so long as no Default exists or would result therefrom: 
 (a) any
Consolidated Subsidiary may merge with Prologis, provided that Prologis shall be the continuing or surviving Person; 
 (b) any
Consolidated Subsidiary may merge with any one or more other Consolidated Subsidiaries, provided that if any party to such merger was a Borrower, then the continuing or surviving Person must be a Borrower; 

  
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 (c) any Company (other than General Partner, Prologis or any other Borrower) may be voluntarily
dissolved or liquidated under the laws of its jurisdiction of organization (excluding any Debtor Relief Law); and 
 (d) any Company or any
Borrower may merge, dissolve, liquidate or consolidate with or into another Person in connection with any transaction designed to change the corporate, partnership, limited liability company or other structure of such entity, or otherwise change its
corporate or other form, so long as (i) the succeeding or remaining entity assumes all of the assets and liabilities of such Person and (ii) no Credit Party is adversely affected thereby. 

Section 11.3 Restricted Payments. General Partner shall not, and shall not permit any other Company to, declare or make, directly
or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, if an Event of Default pursuant to Section 12.1.1 exists, except that: 

(a) any Consolidated Subsidiary may at any time make Restricted Payments to any other Company and, solely to the extent distributions to other
holders of its Equity Interests are required by its Organization Documents, to such other holders of Equity Interests; 
 (b) any Company
may at any time declare and make dividend payments or other distributions payable solely in the common stock or other common Equity Interests of such Company; 

(c) any Company may at any time purchase, redeem or otherwise acquire Equity Interests issued by it with the proceeds received from the
substantially concurrent issue of new shares of its common stock or other common Equity Interests; 
 (d) Prologis may at any time pay cash
dividends and make other cash distributions to General Partner and, to the extent corresponding distributions to other holders of its Equity Interests are required by its Organization Documents, to such other holders of Equity Interests, and General
Partner may at any time pay cash dividends and make other cash distributions to the holders of its Equity Interests, in each case, in an amount not to exceed in the aggregate the greater of (i) 95% of the aggregate, cumulative “Funds from
Operations” (excluding non- cash impairment charges, write-downs or losses) of Prologis as reported to its shareholders in either the annual report of Prologis filed by or on behalf of Prologis with the SEC on a Form 10-K or any quarterly
investment package prepared for the holders of its Equity Interests after December 31, 2015 and (ii) the amount of Restricted Payments required to be paid in order for General Partner to eliminate its REIT taxable income and/or to maintain
its status as a REIT; and 
 (e) General Partner and any Company may at any time make non-cash Restricted Payments in connection with
employee, trustee and director stock option plans or similar employee, trustee and director incentive arrangements. 
 Section 11.4
Change in Nature of Business. General Partner shall not, and shall not permit any other Company to, engage in any material line of business substantially different from those lines of business conducted by the Companies on the date hereof or any
business substantially related or incidental thereto. 

  
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 Section 11.5 Transactions with Affiliates. General Partner shall not, and shall not
permit any other Company to, enter into any transaction of any kind with any Affiliate of General Partner, whether or not in the ordinary course of business; provided that the foregoing restriction shall not apply to (a) transactions
with existing shareholders of Consolidated Subsidiaries and Unconsolidated Affiliates, (b) transactions in the ordinary course of business (i) on fair and reasonable terms substantially as favorable to such Company as would be obtainable
by such Company at the time in a comparable arm’s length transaction with a Person other than an Affiliate or (ii) that comply with the requirements of the North America Security Administrators Association’s Statement of Policy of
Real Estate Investment Trusts, (c) payments to or from such Affiliates under leases of commercial space on market terms, (d) payment of fees under asset or property management agreements under terms and conditions available from qualified
management companies, (e) intercompany Liabilities and other Investments between any Company and its Consolidated Subsidiaries and Unconsolidated Affiliates otherwise permitted pursuant to this Agreement, (f) transactions between
Companies, and (g) transactions otherwise permitted hereunder. 
 Section 11.6 Negative Pledge Agreements; Burdensome
Agreements. 
 (a) General Partner shall not, and shall not permit any other Company to, grant a Lien (other than Permitted Liens)
to any Person on the Equity Interests of any Company if the Unencumbered NOI of such Company is used in the calculation of Unencumbered Debt Service Coverage Ratio. 

(b) General Partner shall not, and shall not permit any other Company to, enter into any negative pledge or other agreement with any other
Person such that any Company shall be prohibited from granting to Global Administrative Agent, for the benefit of the Credit Parties, a first-priority Lien on the Equity Interests of any Company (other than General Partner) if the Unencumbered NOI
of such Company is used in the calculation of Unencumbered Debt Service Coverage Ratio; provided that the provisions of Section 1013 of the Existing Indenture and any similar requirement for the grant of an equal and ratable lien in
connection with a pledge of any property or asset to Global Administrative Agent, shall not constitute a negative pledge or any other agreement that violates this Section 11.6(b). 

(c) General Partner shall not, and shall not permit any other Company to, enter into any Contractual Obligation (other than this Agreement,
any other Loan Document or any other agreement or document evidencing or governing Indebtedness of a Consolidated Subsidiary) that limits the ability of any Consolidated Subsidiary to make Restricted Payments to any Company. 

Section 11.7 Use of Proceeds. Borrowers shall not use the proceeds of any Credit Extension, whether directly or indirectly, and
whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness
originally incurred for such purpose. 

  
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 Section 11.8 Financial Covenants. 

Section 11.8.1 Consolidated Leverage Ratio. General Partner shall not permit the Consolidated Leverage Ratio, as of the last day of
any fiscal quarter, to exceed 0.60 to 1.0; provided that as of the last day of the four consecutive fiscal quarters immediately following any Material Acquisition, such ratio may exceed 0.60 to 1.0 so long as it does not exceed 0.65 to 1.0.

 Section 11.8.2 Fixed Charge Coverage Ratio. General Partner shall not permit the Fixed Charge Coverage Ratio, as of the last
day of any fiscal quarter, to be less than 1.50 to 1.0. 
 Section 11.8.3 Unencumbered Debt Service Coverage Ratio. General
Partner shall not permit the Unencumbered Debt Service Coverage Ratio, as of the last day of any fiscal quarter, to be less than 1.50 to 1.0. 

Section 11.9 Anti-Social Forces. No Japanese Borrower shall: (a) fall under any of the categories described in
Section 9.19; or (b) engage in, or cause any third party to engage in, any of the following: (i) making violent demands; (ii) making unjustified demands exceeding legal responsibility; (iii) using violence or
threatening speech or behavior in connection with any transaction; (iv) damaging the trust of any Lender by spreading rumor, using fraud or force, or obstructing the business of any Lender; or (v) engaging in any act similar to the
foregoing. 
 ARTICLE XII 

EVENTS OF DEFAULT AND REMEDIES 

Section 12.1 Events of Default. Any of the following shall constitute an “Event of Default”: 

Section 12.1.1 Non-Payment. Any Borrower or any other Loan Party fails to pay (a) when and as required to be paid herein, any
amount of principal of any Loan or any L/C Obligation, (b) within five Business Days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (c) within five Business Days after the same
becomes due, any other amount payable hereunder or under any other Loan Document. 
 Section 12.1.2 Specific Covenants. Any Loan
Party fails to perform or observe any term, covenant or agreement contained in any of Section 10.10, 10.13, 11.1, 11.3 or 11.8. 

Section 12.1.3 Other Defaults. General Partner (or, if applicable, any other Loan Party) fails to perform or observe any other
covenant or agreement (not specified in Section 12.1.1 or 12.1.2 above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after the first to occur of (a) a
Responsible Officer of General Partner or Prologis obtaining knowledge of such failure or (b) General Partner’s receipt of notice from Global Administrative Agent of such failure; provided that if such failure is of such a nature
that can be cured but cannot with reasonable effort be completely cured within 30 days, then such 30 day period shall be extended for such additional period of time (not exceeding 90 additional days) as may be reasonably necessary to cure such
failure so long as General Partner (or the applicable Loan Party) commences such cure within such 30 day period and diligently prosecutes same until completion. 

Section 12.1.4 Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed
made by or on behalf of any Borrower or any 

  
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other Loan Party herein, in any other Loan Document or in any document delivered in connection herewith or therewith shall be incorrect or misleading in any material respect when made or deemed
made and, with respect to any representation, warranty, certification or statement not known by such Loan Party at the time made or deemed made to be incorrect, the defect causing such representation or warranty to be incorrect when made (or deemed
made) is not removed within 30 days after the first to occur of (a) a Responsible Officer of General Partner or Prologis obtaining knowledge thereof or (b) written notice thereof from Global Administrative Agent to General Partner. 

Section 12.1.5 Cross-Default. 

(a) Any Company fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) of
any Recourse Debt (other than Indebtedness hereunder or under any other Loan Document and Indebtedness under Swap Contracts) having an aggregate principal amount (including amounts owing to all creditors under any combined or syndicated credit
arrangement) of more than $100,000,000; or 
 (b) Any Company fails to observe or perform any other agreement or condition relating to
or in respect of any Recourse Debt or contained in any instrument or agreement evidencing, securing or relating to the same, or any other event (excluding voluntary actions by any applicable Company) occurs, the effect of which default or other
event is to cause Recourse Debt having an aggregate principal amount (including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than $100,000,000, to be demanded or to become due or to be repurchased,
prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Recourse Debt to be made, prior to its stated maturity, or such Recourse Debt to become payable or cash collateral in respect
thereof to be demanded; or 
 (c) There occurs under any Swap Contract that constitutes Recourse Debt an Early Termination Date (as defined
in such Swap Contract) resulting from (i) any event of default under such Swap Contract as to which any Company is the Defaulting Party (as defined in such Swap Contract) or (ii) any Termination Event (as so defined) under such Swap
Contract as to which any Company is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by such Company as a result thereof is greater than $100,000,000 and such amount is not paid when due. 

Section 12.1.6 Insolvency Proceedings, Etc. Any Company institutes or consents to the institution of any proceeding under any
Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material
part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for 60
calendar days; or any proceeding under any Debtor Relief Law relating to any Company or to all or any material part of its property is instituted without the consent of such Company and continues undismissed or unstayed for 60 calendar days, or an
order for relief is entered in any such proceeding. 

  
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 Section 12.1.7 Inability to Pay Debts; Attachment. (a) Any Company becomes unable
(shiharai funou) or admits in writing its inability (shiharai teishi) or fails generally to pay its debts as they become due or (b) any writ or warrant of attachment or execution or similar process is issued or levied against all or
any material part of the property of any Company and is not released, vacated or fully bonded within 30 days after its issue or levy. 

Section 12.1.8 Judgments. There is entered against any Company (a) a final judgment or order for the payment of money in an
aggregate amount exceeding $100,000,000 (to the extent not covered by insurance as to which the insurer does not dispute coverage) or (b) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect and, in either case, (i) enforcement proceedings are commenced by any creditor upon such judgment or order or (ii) there is a period of ten consecutive days during which a stay of enforcement of such
judgment, by reason of a pending appeal or otherwise, is not in effect. 
 Section 12.1.9 ERISA. (a) An ERISA Event occurs with
respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in Liability of any Company under Title IV of ERISA to such Pension Plan, such Multiemployer Plan or the PBGC in an aggregate amount in
excess of $5,000,000, or (b) General Partner or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal Liability under Section 4201 of ERISA under a
Multiemployer Plan in an aggregate amount in excess of $5,000,000. 
 Section 12.1.10 Invalidity of Loan Documents. Any
provision of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect (unless
such cessation would not affect the obligations of any applicable Loan Party or the rights and remedies of any Credit Party, in each case, in any material respect); or any Loan Party contests in any manner the validity or enforceability of any
provision of any Loan Document; or any Loan Party denies that it has any or further Liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document. 

Section 12.1.11 Change of Control. (a) A Change of Control occurs or (b) Prologis shall cease to own Equity Interests of
any Affiliate Borrower unless all Loans of such Affiliate Borrower have been paid in full. 
 Section 12.1.12 Plan Assets. The assets
of any Company at any time constitute “plan assets” as defined in 29 C.F.R. § 2510.3-101(a)(1), as modified by Section 3(42) of ERISA. 

Section 12.1.13 Insolvency Proceedings in Japan. Any Company which is incorporated or established in Japan takes any corporate or
legal actions, or any other action or legal proceeding is commenced against such Company for the purpose of winding-up, dissolution, liquidation, administration or re-organization or for the appointment of a liquidator, receiver, administrator,
administrative receiver, conservator, custodian, trustee or similar officer of it or of all or any material part of its revenues and assets (unless such winding-up, dissolution, liquidation, administration, re-organization or appointment is
permitted under this Agreement or is otherwise carried out in connection with a reconstruction or amalgamation when solvent, on 

  
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terms previously approved by Global Administrative Agent) under any domestic or foreign bankruptcy, insolvency, receivership or similar Law now or hereafter in effect (including, under Japanese
Law, any corporate action or proceedings relating to the commencement of bankruptcy proceedings (hasan tetsuzuki), the commencement of civil rehabilitation proceedings (minji saisei tetsuzuki), the commencement of corporate
reorganization proceedings (kaisha kosei tetsuzuki) or the commencement of special liquidation (tokubetsu seisan)); provided that there shall be no Event of Default under this Section 12.1.13, to the extent any such
action or proceeding is not initiated by, at the request of, or with the agreement of, such Company and such action, legal proceeding or appointment continues undischarged or unstayed for a period ending on the earlier of (a) 30 days after
commencement or, if earlier, the date on which such proceeding is advertised and (b) a judgment to commence proceedings (or preservative order) has been made in relation to the matter in respect of which the action, proceeding or appointment was
initiated. 
 Section 12.2 Remedies Upon Event of Default. If any Event of Default occurs and is continuing, Global
Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any of the following actions: 
 (a)
declare the commitment of each Lender to make Loans and any obligation of any L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; 

(b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or
payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by each Borrower; 

(c) require that each Borrower Cash Collateralize its respective L/C Obligations (in an amount equal to the then Outstanding Amount of such
L/C Obligations); and 
 (d) exercise on behalf of itself and each Lender all rights and remedies available to it and Lenders under the Loan
Documents; 
 provided that upon the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the United
States Bankruptcy Code, the obligation of each Lender to make Loans and any obligation of any L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other
amounts as aforesaid shall automatically become due and payable, and the obligation of each Borrower to Cash Collateralize its respective L/C Obligations as aforesaid shall automatically become effective, in each case without further act of Global
Administrative Agent or any Lender. 

  
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 ARTICLE XIII 

AGENTS 
 Section
13.1 Appointment and Authority. 
 (a) Each Lender and each L/C Issuer hereby irrevocably appoints Bank of America to act on its
behalf as Global Administrative Agent hereunder and under the other Loan Documents and authorizes Global Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to Global Administrative Agent by the terms
hereof or thereof, together with such actions and powers as are reasonably incidental thereto. 
 (b) Each U.S. Lender and each U.S. L/C
Issuer hereby irrevocably appoints Bank of America to act on its behalf as U.S. Funding Agent hereunder and under the other Loan Documents and authorizes U.S. Funding Agent to take such actions on its behalf and to exercise such powers as are
delegated to U.S. Funding Agent, as applicable, by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. 

(c) Each Euro Lender and each Euro L/C Issuer hereby irrevocably appoints RBS plc to act on its behalf as Euro Funding Agent hereunder and
under the other Loan Documents and authorizes Euro Funding Agent to take such actions on its behalf and to exercise such powers as are delegated to Euro Funding Agent by the terms hereof or thereof, together with such actions and powers as are
reasonably incidental thereto. 
 (d) Each Yen Lender and each Yen L/C Issuer hereby irrevocably appoints SMBC to act on its behalf as Yen
Funding Agent hereunder and under the other Loan Documents and authorizes Yen Funding Agent to take such actions on its behalf and to exercise such powers as are delegated to Yen Funding Agent by the terms hereof or thereof, together with such
actions and powers as are reasonably incidental thereto. 
 (e) It is understood and agreed that the use of the term “agent”
herein or in any other Loan Documents (or any other similar term) with reference to any Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term
is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 

The provisions of this Article are solely for the benefit of Agents, Lenders, and L/C Issuers, and no Loan Party shall have rights as a third
party beneficiary of any of such provisions. 
 Section 13.2 Rights as a Lender. Any Person serving as an Agent hereunder
shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or the
context otherwise requires, include each Person serving as an Agent hereunder in its individual capacity. Any Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and
generally engage in any kind of business with any Company and its Affiliates as if such Person were not an Agent hereunder and without any duty to account therefor to Lenders. 

Section 13.3 Exculpatory Provisions. No Agent shall have any duties or obligations except those expressly set forth herein
and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, no Agent: 

(a) shall be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing; 

  
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 (b) shall have any duty to take any discretionary action or exercise any discretionary powers,
except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that such Agent is required to exercise as directed in writing by the Required Lenders (or such other number, percentage or group of Lenders as shall
be expressly provided for herein or in the other Loan Documents), provided that no Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any
Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting
Lender in violation of any Debtor Relief Law; and 
 (c) shall, except as expressly set forth herein and in the other Loan Documents, have
any duty to disclose, or be liable for failure to disclose, any information relating to any Company or any of its Affiliates that is communicated to or obtained by such Agent or any of its Affiliates. 

No Agent shall be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number,
percentage or group of Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 14.1 and 12.2) or (ii) in the absence of its own
gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. No Agent shall be deemed to have knowledge of any Default unless and until notice describing such Default is given to
such Agent by a Loan Party, a Lender or an L/C Issuer. 
 No Agent shall be responsible for or have any duty to ascertain or inquire into (1) any statement,
warranty or representation made in or in connection with this Agreement or any other Loan Document (other than its own statements, warranties and representations), (2) the contents of any certificate, report or other document delivered hereunder or
thereunder or in connection herewith or therewith, (3) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (4) the validity,
enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (5) the satisfaction of any condition set forth in Article VIII or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to such Agent. 
 Section 13.4 Reliance by Agents. Each Agent
shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, internet or intranet website posting
or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been
made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the
satisfaction of a Lender or any L/C Issuer, each Agent may presume that such 

  
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condition is satisfactory to such Lender or such L/C Issuer unless such Agent shall have received notice to the contrary from such Lender or such L/C Issuer prior to the making of such Loan or
the issuance of such Letter of Credit. Any Agent may consult with legal counsel (who may be counsel for the Companies), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in
accordance with the advice of any such counsel, accountants or experts. 
 Section 13.5 Delegation of Duties. Each Agent
may perform any of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by such Agent. Each Agent and any such sub-agent may perform any of its duties and exercise its rights and powers by or through its Related Parties. The exculpatory provisions of this Article shall apply to any such
sub-agent and to the Related Parties of each Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the
credit facilities provided for herein as well as activities as an Agent. No Agent shall be responsible to any Credit Party for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a
final and nonappealable judgment that such Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

Section 13.6 Resignation of Global Administrative Agent. Global Administrative Agent may at any time give notice of its
resignation to each Funding Agent, Lenders, each L/C Issuer and Prologis. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with Prologis, to appoint a successor, which shall be a bank
with an office in the United States, or an Affiliate of a bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after
retiring Global Administrative Agent gives notice of its resignation, then retiring Global Administrative Agent may on behalf of Lenders and L/C Issuer, appoint a successor Global Administrative Agent meeting the qualifications set forth above;
provided that if Global Administrative Agent shall notify Prologis and Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and
(1) retiring Global Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by Global Administrative Agent on behalf of
Lenders or L/C Issuer under the Loan Documents, the retiring Global Administrative Agent shall continue to hold such collateral security until such time as a successor Global Administrative Agent is appointed) and (2) all payments,
communications and determinations provided to be made by, to or through Global Administrative Agent shall instead be made by or to each Lender and each L/C Issuer directly, until such time as the Required Lenders appoint a successor Global
Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as Global Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges
and duties of the retiring (or retired) Global Administrative Agent, and the retiring Global Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section). The fees payable by Prologis to a successor Global Administrative Agent shall be the same as (but without duplication with) those payable to its predecessor unless otherwise agreed between Prologis
and such successor. After the retiring Global Administrative Agent’s resignation hereunder and 

  
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under the other Loan Documents, the provisions of this Article and Section 14.4 shall continue in effect for the benefit of such retiring Global Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Global Administrative Agent was acting as Global Administrative Agent. 

Section 13.7 Resignation of Funding Agents. Each Funding Agent may at any time give notice of its resignation as Funding
Agent for a Tranche to the Lenders with commitments in such Tranche, Global Administrative Agent and Prologis. Upon receipt of any such notice of resignation, Global Administrative Agent shall have the right, in consultation with Prologis, to
appoint a successor, which shall be a bank with an office in the applicable jurisdiction of the affected Tranche, or an Affiliate of a bank with an office in the applicable jurisdiction of the affected Tranche. If no such successor shall have
been so appointed by Global Administrative Agent and shall have accepted such appointment within 30 days after the retiring Funding Agent gives notice of its resignation, then the retiring Funding Agent may on behalf of the applicable Lenders
appoint a successor Funding Agent for the applicable Tranche meeting the qualifications set forth above; provided that if Funding Agent shall notify Global Administrative Agent, Prologis and the applicable Lenders that no qualifying Person
has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Funding Agent shall be discharged from its duties and obligations hereunder and under the other Loan
Documents with respect to the applicable Tranche and (2) all payments, communications and determinations provided to be made by, to or through such Funding Agent with respect to such Tranche shall instead be made by or to Global Administrative
Agent directly, until such time as Global Administrative Agent appoints a successor Funding Agent for such Tranche as provided for above in this Section. Upon the acceptance of a successor’s appointment as the applicable Funding Agent
hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Funding Agent with respect to the applicable Tranche, and the retiring Funding Agent shall be discharged
from all of its duties and obligations hereunder or under the other Loan Documents with respect to such Tranche (if not already discharged therefrom as provided above in this Section). The fees payable by Prologis to a successor Funding Agent
(including, if applicable, to Global Administrative Agent for any period) shall be the same as (but without duplication of) those payable to its predecessor unless otherwise agreed between Prologis and such successor. After the retiring Funding
Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article XIII and Section 14.4 shall continue in effect for the benefit of such retiring Funding Agent, its sub-agents and their respective
Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Funding Agent was acting as a Funding Agent. 
 Any
resignation by (a) U.S. Funding Agent pursuant to this Section shall also constitute its resignation as a U.S. L/C Issuer, a Fronting Lender, and a U.S. Swing Line Lender, (b) Euro Funding Agent pursuant to this Section shall also
constitute its resignation as a Euro L/C Issuer, a Fronting Lender and Euro Swing Line Lender, and (c) Yen Funding Agent pursuant to this Section shall also constitute its resignation as a Yen L/C Issuer and a Fronting Lender. 

If any Person resigns as an L/C Issuer under this Section, it shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with
respect to all Letters of Credit issued by it and outstanding as of the effective date of its resignation as an L/C Issuer and all L/C 

  
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 Obligations with respect thereto (including the right to require Lenders to make Committed Loans or fund risk
participations in unreimbursed amounts). If any Person resigns as a Fronting Lender or Swing Line Lender under this Section, it shall retain all the rights of a Fronting Lender or Swing Line Lender provided for hereunder with respect to
Fronting Loans or Swing Line Loans, as applicable, made by it and outstanding as of the effective date of such resignation, including the right to require Lenders to make Committed Loans or fund risk participations of such outstanding Loans (in the
original currency of such Loans). 
 Upon the acceptance of a successor’s appointment as the applicable Funding Agent hereunder, (a) such
successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer, Fronting Lender and Swing Line Lender (to the extent such Funding Agent maintained these roles immediately prior to its
resignation) under the applicable Tranche, (b) the applicable retiring L/C Issuer, Fronting Lender and Swing Line Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents under
the applicable Tranche, and (c) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit under the applicable Tranche, if any, outstanding at the time of such succession or make other arrangements satisfactory
to such retiring L/C Issuer to effectively assume the obligations of such retiring L/C Issuer with respect to such Letters of Credit. 

Section 13.8 Non-Reliance on Agents and Other Lenders. Each Lender and each L/C Issuer acknowledges that it has,
independently and without reliance upon any Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this
Agreement. Each Lender and each L/C Issuer also acknowledges that it will, independently and without reliance upon any Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time
to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 

Section 13.9 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of Global Co-Syndication Agents, Global
Book Managers or Global Lead Arrangers listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in their capacities, as applicable, as an Agent, a Lender or an
L/C Issuer hereunder. 
 Section 13.10 Global Administrative Agent May File Proofs of Claim. In case of the pendency of
any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Loan Party, Global Administrative Agent (irrespective of whether the principal of any Loan or
L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether Global Administrative Agent shall have made any demand on any Borrower) shall be entitled and empowered, by intervention in
such proceeding or otherwise: 
 (a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in
respect of the Loans, L/C Obligations, and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the 

  
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claims of Lenders, L/C Issuers, and Agents (including any claim for the reasonable compensation, expenses, disbursements and advances of Lenders, L/C Issuers, and Agents and their respective
agents and counsel and all other amounts due Lenders, L/C Issuers, and Agents under Sections 5.9, 5.10, 6.5, and 14.4) allowed in such judicial proceeding; and 

(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by
each Lender and each L/C Issuer to make such payments to Global Administrative Agent and, in the event that Global Administrative Agent shall consent to the making of such payments directly to Lenders and L/C Issuers, to pay to Global Administrative
Agent any amount due to Global Administrative Agent under Sections 6.5 and 14.4. 
 Nothing contained herein shall be
deemed to authorize Global Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or any L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any
Lender or to authorize Global Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 
 ARTICLE XIV

 MISCELLANEOUS 

Section 14.1 Amendments, Etc. 

Section 14.1.1 Amendments Generally. Except as otherwise expressly provided herein, no amendment or waiver of any provision of this
Agreement or any other Loan Document, and no consent to any departure by Prologis or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and Prologis or the applicable Loan Party, as the case may be,
and acknowledged by Global Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided that (x) to the extent an amendment or waiver of any
provision of this Agreement or any other Loan Document only affects a specific Tranche, then such amendment or waiver shall be effective with the written consent of the applicable Tranche Required Lenders and Prologis and acknowledged by Global
Administrative Agent and the applicable Funding Agent; and (y) no amendment, waiver or consent shall: 
 (a) extend or increase the
Commitment (except for adjustments from time to time in accordance with this Agreement) of any Lender (or reinstate any Commitment of any Lender terminated pursuant to Section 12.2) without the written consent of such Lender; 

(b) postpone any date fixed by this Agreement or any other Loan Document for any scheduled payment of principal, interest, fees or other
amounts due to any Lender hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; 

  
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 (c) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C
Borrowing, or any fees or other amounts payable hereunder or under any other Loan Document, without the written consent of each Lender and/or Agent directly affected thereby; provided that only the consent of the Required Lenders shall be
necessary to amend the definition of “Default Rate” or to waive any obligation of any Borrower to pay interest or Letter of Credit Fees at the Default Rate; 

(d) change Section 6.8.4 or Section 6.9 in a manner that would alter the pro rata sharing of payments required
thereby without the written consent of each affected Lender; 
 (e) amend the definition of “Alternative Currency” for any
Tranche without the written consent of each Applicable Tranche Lender; 
 (f) change any provision of this Section 14.1, the
definition of “Required Lenders”, “Tranche Required Lenders”, “U.S. Required Lenders”, “Euro Required Lenders”, “Yen Required Lenders” or “Supplemental
Required Lenders” or any other provision hereof specifying the number or percentage of the aggregate Lenders (or of the Lenders in a particular Tranche) required to amend, waive or otherwise modify any rights hereunder (or under such
Tranche) or make any determination or grant any consent hereunder (or under such Tranche) without the written consent of each Lender (or each Lender in such Tranche); 

(g) authorize Global Administrative Agent to release Prologis from the Prologis Guaranty or General Partner from the General Partner Guaranty
without the written consent of each Lender; and 
 (h) release any Affiliate Borrower that has outstanding Obligations without the written
consent of each Applicable Tranche Lender. 
 and provided, further, that: (A) no amendment, waiver or consent shall, unless in writing and
signed by the applicable L/C Issuer in addition to Lenders required above, affect the rights or duties of such L/C Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it; (B) no amendment,
waiver or consent shall, unless in writing and signed by the applicable Swing Line Lender or Fronting Lender in addition to Lenders required above, affect the rights or duties of such Swing Line Lender or such Fronting Lender, as applicable, under
this Agreement; and (C) no amendment, waiver or consent shall, unless in writing and signed by the applicable Agent in addition to Lenders required above, affect the rights or duties of such Agent under this Agreement or any other Loan
Document. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of such Lender may not be increased or
extended, nor the principal amount of the Loans owed to such Lender reduced, or the final maturity thereof extended, nor this sentence amended, in each case, without the consent of such Lender. 

Notwithstanding any other provision of this Agreement, any changes to any definitions in the Loan Documents pursuant to a Supplemental Addendum that do not
adversely affect any Lenders (other than Lenders party to the Supplemental Addendum) shall be effective upon the execution of such Supplemental Addendum pursuant to Section 6.14. For purposes of this paragraph, the addition of a
Supplemental Tranche shall not be deemed as having an adverse effect on any Lender, so long as the requirements of Section 6.14 have been satisfied. 

  
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 In addition, notwithstanding any other provision of this Agreement, Prologis and Global Administrative Agent may,
without the consent of any other Credit Party, enter into such amendments to any provision of this Agreement or any other Loan Document as Global Administrative Agent may, in its reasonable opinion, determine to be necessary or appropriate
(I) in connection with the establishment of any Supplemental Tranche or other additional tranche so long as such amendment does not adversely affect any Lender or (II) to correct any ambiguity, omission or error herein, and, upon execution
thereof by Prologis and Global Administrative Agent, any such amendment shall be binding on all of the parties hereto. 
 Section 14.1.2
Amendments to Extend Maturity. Notwithstanding any other provision of this Agreement (and without limiting the foregoing provisions of this Section 14.1 or the extension provisions set forth in Section 6.10), Prologis may,
by written notice to Global Administrative Agent (which shall forward such notice to all Lenders) make an offer (a “Loan Modification Offer”) to all Lenders to make one or more amendments or modifications to allow the maturity of
the Loans and/or Commitments of the Accepting Lenders (as defined below) to be extended and, in connection with such extension, to (a) increase the Applicable Margin and/or fees payable with respect to the applicable Loans and/or the
Commitments of the Accepting Lenders and/or the payment of additional fees or other consideration to the Accepting Lenders and/or (b) change such additional terms and conditions of this Agreement solely as applicable to the Accepting Lenders (such
additional changed terms and conditions (to the extent not otherwise approved by the requisite Lenders under Section 14.1) to be effective only during the period following the original maturity date prior to its extension
by such Accepting Lenders) (collectively, “Permitted Amendments”) pursuant to procedures reasonably acceptable to each of Prologis and Global Administrative Agent. Such notice shall set forth (i) the terms and conditions
of the requested Permitted Amendments and (ii) the date on which such Permitted Amendments are requested to become effective (which shall not be less than 15 days nor more than 90 days after the date of such notice). Permitted Amendments shall
become effective only with respect to the Loans and/or Commitments of the Lenders that accept the Loan Modification Offer (such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with respect to such
Lender’s Loans and/or Commitments as to which such Lender’s acceptance has been made. Prologis, each Accepting Lender and Global Administrative Agent shall enter into a loan modification agreement (the “Loan Modification
Agreement”) and such other documentation as Global Administrative Agent shall reasonably specify to evidence (x) the acceptance of the Permitted Amendments and the terms and conditions thereof and (y) the authorization of Prologis to enter
into and perform its obligations under the Loan Modification Agreement. Global Administrative Agent shall promptly notify each Lender as to the effectiveness of any Loan Modification Agreement. Each party hereto agrees that, upon the effectiveness
of a Loan Modification Agreement, this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Permitted Amendment evidenced thereby and only with respect to the Loans and
Commitments of the Accepting Lenders as to which such Lenders’ acceptance has been made. Prologis may effectuate no more than two Loan Modification Agreements during the term of this Agreement. 

  
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 Section 14.2 Notices; Effectiveness; Electronic Communication. 

Section 14.2.1 Notices Generally. Except in the case of notices and other communications expressly permitted to be given by
telephone (and except as provided in Section 14.2.2 below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or
sent by facsimile as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(a) if to General Partner, Borrowers, any Agent, any L/C Issuer or any Swing Line Lender, to the address, facsimile number, electronic mail
address or telephone number specified for such Person on Schedule 14.2; and 
 (b) if to any other Lender, to the address, facsimile
number, electronic mail address or telephone number specified in its Administrative Questionnaire. 
 Notices sent by hand or overnight courier service, or
mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by facsimile shall be deemed to have been given when sent, if confirmation of receipt has been received (except that, if not given during normal
business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered through electronic communications to the extent provided in Section 14.2.2,
shall be effective as provided in such Section 14.2.2. 
 Section 14.2.2 Electronic Communications. Notices and other
communications to Lenders and any L/C Issuer hereunder may be delivered or furnished by electronic communication (including e-mail and internet or intranet websites) pursuant to procedures approved by Global
Administrative Agent and the applicable Funding Agent; provided that the foregoing shall not apply to notices to any Lender or any L/C Issuer pursuant to Articles II, III, IV or V if such Lender or any L/C Issuer,
as applicable, has notified Global Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. Global Administrative Agent or Prologis may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. 

Unless Global Administrative Agent (in consultation with Funding Agents) otherwise prescribes, (a) notices and other communications sent
to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written
acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next
business day for the recipient, and (b) notices or communications posted to an internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing
clause (a) of notification that such notice or communication is available and identifying the website address therefor. 

  
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 Section 14.2.3 The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS
AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO
WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN
CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall any Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Loan Party, any Lender, any L/C Issuer or any other
Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any Loan Party’s or any Agent’s transmission of Borrower Materials or notices through the Platform, any other
electronic platform or electronic messaging service, or through the internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment
to have resulted from the gross negligence or willful misconduct of such Agent Party; provided that in no event shall any Agent Party have any liability to any Loan Party, any Lender, any L/C Issuer or any other Person for indirect, special,
incidental, consequential or punitive damages (as opposed to direct or actual damages). 
 Section 14.2.4 Delivery to Funding Agents.
Global Administrative Agent’s obligation hereunder to deliver any information to any Lender may be satisfied by delivering the required notice to the applicable Funding Agent, on behalf of such Lender, and such Funding Agent agrees to promptly
deliver such notices to the necessary Lender. 
 Section 14.2.5 Change of Address, Etc. Any Loan Party, Agent, L/C Issuer or Swing
Line Lender may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, facsimile or telephone number for notices and
other communications hereunder by notice to Prologis, Global Administrative Agent and the applicable Funding Agent. In addition, each Lender agrees to notify Global Administrative Agent and each applicable Funding Agent from time to time to ensure
that such Agents have on record (a) an effective address, contact name, telephone number, facsimile number and electronic mail address to which notices and other communications may be sent and (b) accurate wire instructions for such Lender.
Notwithstanding the foregoing, neither Global Administrative Agent nor any Funding Agent shall change the location of Global Administrative Agent’s Office with respect to any currency or Funding Agent’s Office, as applicable, if such
change would result in increased costs to the applicable Borrowers. 
 Section 14.2.6 Reliance by Agents, L/C Issuers and Lenders.
Agents, L/C Issuers and Lenders shall be entitled to rely and act upon any notice (including any telephonic Committed Loan Notice or Swing Line Loan Notice) purportedly given by or on behalf of any Borrower even if (a) such notice was not made in a
manner specified herein, was incomplete or was not preceded or followed by any other form of notice specified herein or (b) the terms thereof, as understood by the recipient, varied from any confirmation thereof. Each Borrower shall indemnify
each Agent, each L/C Issuer, each Lender and the Related Parties of each of them 

  
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from all losses, costs, expenses and liabilities resulting from the reliance by such Person on any notice purportedly given by or on behalf of any Borrower. All telephonic notices to and
other telephonic communications with any Agent may be recorded by such Agent, and each of the parties hereto hereby consents to such recording. 

Section 14.2.7 Notice from Funding Agents to Global Administrative Agent. On or before the fifth Business Day of each calendar month,
each Funding Agent shall deliver to Global Administrative Agent a schedule, in form reasonably satisfactory to Global Administrative Agent, setting forth the Aggregate Tranche Commitment of the applicable Tranche, the Outstanding Amounts under such
Tranche, and all outstanding Letters of Credit, Fronting Loans of each Fronting Lender, and Swing Line Loans, if any, under such Tranche in the applicable currency of such amounts or, at Global Administrative Agent’s request, in the Foreign
Currency Equivalent of such amounts, in each case as of the end of the calendar month most recently ended. Furthermore, upon the request of Global Administrative Agent, each Funding Agent shall promptly deliver to Global Administrative Agent copies
of all notices it has received under this Agreement from any Borrower or Lender, including all Committed Loan Notices, to the extent requested by Global Administrative Agent. The parties hereto agree Global Administrative Agent may deem such
information from each Funding Agent as conclusive absent demonstrable error, and Global Administrative Agent shall have no liability for omissions or errors in the reports delivered by a Funding Agent. 

Section 14.3 No Waiver; Cumulative Remedies. No failure by any Lender or any Agent to exercise, and no delay by any such
Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or
the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by Law. 

Section 14.4 Expenses; Indemnity; Damage Waiver. 

Section 14.4.1 Costs and Expenses. Prologis shall pay (a) all reasonable and documented out-of-pocket expenses incurred by any
Agent and its Affiliates (including the reasonable and documented fees, charges and disbursements of counsel for such Agent), in connection with (x) the syndication of the credit facilities provided for herein and the preparation, negotiation,
execution, delivery and administration of this Agreement and the other Loan Documents and (y) any amendment, modification or waiver of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be
consummated); provided that Prologis shall have no liability under clause (x) for any fees, charges or disbursements of any counsel other than Haynes and Boone, LLP, Clifford Chance and any other counsel selected by
the applicable Agent and approved by Prologis (such approval not to be unreasonably withheld or delayed) and (b) all reasonable and documented out-of-pocket expenses incurred by any Agent, any Lender or any L/C Issuer (including the reasonable
fees, charges and disbursements of any counsel for any Agent, any Lender or any L/C Issuer), and shall pay all fees and time charges for attorneys who may be employees of any Agent, any Lender or any L/C Issuer, in connection with the enforcement or
protection of its rights (i) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (ii) in connection with the Loans or Letters of Credit issued hereunder, including all such
out-of-pocket expenses incurred during any workout, restructuring or negotiations arising hereunder. 

  
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 Section 14.4.2 Indemnification by Borrowers. Prologis shall indemnify each Agent,
each Arranger, each Global Co-Syndication Agent (and any sub-agents thereof), each Lender, and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person, an “Indemnitee”) against, and hold each
Indemnitee harmless from, all losses, claims, damages, liabilities and related expenses (including the reasonable fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all
reasonable fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any Borrower or any other Loan Party arising out of, in
connection with or as a result of (a) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder
or thereunder, the consummation of the transactions contemplated hereby or thereby or, in the case of Global Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan
Documents, (b) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such
demand do not strictly comply with the terms of such Letter of Credit), (c) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by any Borrower or any Eligible Affiliate, or any
Environmental Liability related in any way to any Borrower or any Eligible Affiliates, or (d) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any
other theory, whether brought by a third party or by Prologis or any other Loan Party, and regardless of whether any Indemnitee is a party thereto, in all cases whether or not caused by or arising, in whole or in part, out of the comparative,
contributory or sole negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court
of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or any of its Related Parties or (y) result from a claim brought by Prologis or any other Loan
Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if Prologis or such other Loan Party has obtained a final and nonappealable judgment in its favor on such claim as
determined by a court of competent jurisdiction. 
 Section 14.4.3 Reimbursement by Lenders. (a) To the extent that Prologis for
any reason fails to indefeasibly pay any amount required under Section 14.4.1 or 14.4.2 to be paid by it to Global Administrative Agent (or any sub-agent thereof) or any Related Party of Global Administrative Agent, each Lender
severally agrees to pay to Global Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s Applicable Global Percentage (determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against Global Administrative Agent
(or any such sub-agent) in its capacity as such, 

  
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or against any Related Party of the foregoing acting for Global Administrative Agent (or any such sub-agent) in connection with such capacity. (b) To the extent that Prologis for any reason
fails to indefeasibly pay any amount required under Section 14.4.1 or 14.4.2 to be paid by it to any Funding Agent (or any sub-agent thereof), any L/C Issuer or any Related Party of any of the foregoing under a Tranche, each Applicable
Tranche Lender severally agrees to pay to such Agent (or any such sub-agent), such L/C Issuer or such Related Party, as the case may be, such Lender’s Applicable Tranche Percentage (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against such Agent (or any
such sub-agent) or such L/C Issuer in its capacity as such, or against any Related Party of any of the foregoing acting for any Agent (or any such sub-agent) or any L/C Issuer in connection with such capacity. (c) The obligations of Lenders under
this Section 14.4.3 are subject to the provisions of Section 6.9. 
 Section 14.4.4 Indemnification by Funding Agents.
Each Funding Agent shall indemnify Global Administrative Agent (and any sub-agent thereof), and each Related Party of any of the foregoing Persons (each such Person, an “Agent Indemnitee”) against, and hold each Agent Indemnitee
harmless from, all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Agent Indemnitee) incurred by any Agent Indemnitee or asserted against any Agent Indemnitee by any
third party or by any Borrower or any other Loan Party to the extent such losses, claims, damages, liabilities and related expenses arise from the action of such Funding Agent, in all cases whether or not caused by or arising, in whole or in part,
out of the comparative, contributory or sole negligence of such Agent Indemnitee; provided that such indemnity shall not, as to any Agent Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related
expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Indemnitee or any of its Related Parties or (y) result from
a claim brought by such Funding Agent against an Agent Indemnitee for breach in bad faith of such Agent Indemnitee’s obligations hereunder or under any other Loan Document, if such Funding Agent has obtained a final and nonappealable judgment
in its favor on such claim as determined by a court of competent jurisdiction. 
 Section 14.4.5 Waiver of Consequential Damages,
Etc. To the fullest extent permitted by applicable Law, no Loan Party shall assert, and each Loan Party hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages
(as opposed to direct or actual damages) arising out of, in connection with or as a result of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or
Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or
other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby except to the extent that such damages are determined by a court of competent jurisdiction by
final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee. 

  
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 Section 14.4.6 Payments. All amounts due under this Section shall be payable not
later than ten Business Days after demand therefor. 
 Section 14.4.7 Survival. The agreements in this Section shall survive the
resignation of any Agent and any L/C Issuer, the replacement of any Lender, the termination of the Aggregate Tranche Commitments and the repayment, satisfaction or discharge of any of the Obligations. 

Section 14.5 Payments Set Aside. To the extent that any payment by or on behalf of any Loan Party is made to any Agent, any
L/C Issuer, any Fronting Lender or any Lender, or any Agent, any Fronting Lender, any L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared
to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by any Agent, any L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any
proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been
made or such setoff had not occurred, and (b) each applicable Lender severally agrees to pay to the applicable Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by such Agent, plus interest
thereon from the date of such demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in effect, in the applicable currency of such recovery or payment. The obligations of Lenders
under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 

Section 14.6 Successors and Assigns. 

Section 14.6.1 Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and permitted assigns, except that no Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Agent and each Lender and no Lender
may assign or otherwise transfer any of its rights or obligations hereunder except (a) to a Qualified Institution in accordance with the provisions of Section 14.6.2, (b) by way of participation in accordance with the provisions of
Section 14.6.4 or (c) by way of pledge or assignment of a security interest subject to the restrictions of Section 14.6.6 (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in
this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and permitted assigns, Participants to the extent provided in Section 14.6.4 and, to the
extent expressly contemplated hereby, the Related Parties of Agents, L/C Issuer and Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. Notwithstanding the foregoing, any Borrower may assign its rights under
this Agreement to a Short Term Affiliate Borrower that assumes the assigning Borrower’s obligations hereunder. 
 Section 14.6.2
Assignments by Lenders. Any Lender may at any time assign to one or more Qualified Institutions all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans (including for
purposes of this Section 14.6.2, participations in L/C Obligations, in Swing Line Loans, and in Fronting Loans) at the time owing to it); provided that 

  
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 (a) except in the case of an assignment from a Lender in a Tranche to any affiliate of such
Lender or to another Lender in the same Tranche (other than, in each case, a Defaulting Lender), Global Administrative Agent, the applicable Funding Agent and, unless an Event of Default has occurred and is continuing, Prologis each shall have
provided its prior written consent thereto (each such consent not to be unreasonably withheld or delayed); 
 (b) except in the case of an
assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender, the aggregate amount of the Commitment or, if the
Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the
applicable Funding Agent (with a copy to Global Administrative Agent) or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than (i) $5,000,000 for assignments of Loans or Commitments
denominated in Dollars, (ii) EUR 5,000,000 for assignments of Loans or Commitments denominated in Euro, (iii) £5,000,000 for assignments of Loans denominated in Sterling, (iv) ¥500,000,000 for assignments of Loans or Commitments
denominated in Yen, (v) Cdn$5,000,000 for assignments of Loans denominated in Canadian Dollars, and (vii) the amount set forth in any Supplemental Tranche for any other currencies, unless the applicable Funding Agent, and, so long as no
Event of Default has occurred and is continuing, Prologis otherwise consents (each such consent not to be unreasonably withheld or delayed); provided that concurrent assignments to members of an Assignee Group and concurrent assignments from
members of an Assignee Group to a single Qualified Institution (or to a Qualified Institution and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met; 

(c) each partial assignment under a particular Tranche shall be made as an assignment of a proportionate part of all the assigning
Lender’s rights and obligations under such Tranche with respect to the Loans or the Commitment assigned, except that this clause (c) shall not apply to rights in respect of Swing Line Loans and Fronting Loans; 

(d) any assignment of a Commitment under any Tranche must be approved by each applicable L/C Issuer, the applicable Swing Line Lender and the
Fronting Lenders (each such approval not to be unreasonably withheld or delayed); 
 (e) to the extent that a Lender is assigning any
portion of its Commitment or Loans under more than one Tranche, then such Lender must submit a separate Assignment and Assumption for each Tranche and each such assignment shall be deemed a separate assignment under this Section 14.6; and

 (f) the parties to each assignment shall execute and deliver to the applicable Funding Agent (with a copy to Global Administrative Agent)
an Assignment and Assumption, together with a processing and recordation fee of $3,500 payable to such Funding Agent (which fee is not an obligation of any Loan Party) and the Qualified Institution, if it is not a Lender, shall deliver to the
applicable Funding Agent (with a copy to Global Administrative Agent) an Administrative Questionnaire. 

  
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 Subject to acceptance and recording thereof by the applicable Funding Agent pursuant to Section 14.6.3,
from and after the effective date specified in each Assignment and Assumption, the Qualified Institution thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and
obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an
Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of, and be subject to the obligations
in, Sections 7.1, 7.4, 7.5, and 14.4 with respect to facts and circumstances occurring prior to the effective date of such assignment. Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this Section shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 14.6.4. 

Section 14.6.3 Register. Each Funding Agent, acting solely for this purpose as an agent of Borrowers, shall maintain at such Funding
Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of Lenders, and the Commitments of, and principal amounts of the Loans and L/C Obligations owing to, each
Lender pursuant to the terms hereof from time to time (each, a “Register”). The entries in each Register shall be conclusive absent manifest error, and Borrowers, Global Administrative Agent, each Funding Agent, and Lenders may
treat each Person whose name is recorded in a Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. Each Register shall be available for inspection by any party to
this Agreement at any reasonable time and from time to time upon reasonable prior notice. 
 Section 14.6.4 Participations. Any
Lender may at any time, without the consent of, or notice to, any Loan Party or any Agent, sell participations to any Person (other than a natural person or Prologis or any of Prologis’ Affiliates or any Eligible Affiliates) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s participations in L/C Obligations
and/or Swing Line Loans and/or Fronting Loans) owing to it); provided that (a) such Lender’s obligations under this Agreement shall remain unchanged, (b) such Lender shall remain solely responsible to the other parties hereto
for the performance of such obligations, (c) Loan Parties, Agents, Lenders and L/C Issuers shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and (d)
such Lender agrees to be responsible for withholding any Taxes from payments to such Participant to the extent such withholding is required by law. Each Lender that sells a participation shall, acting solely for this purpose as an agent of
Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the
“Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or 

  
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any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that
such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the
avoidance of doubt, no Agent (in its capacity as an Agent) shall have any responsibility for maintaining a Participant Register. 
 Any agreement or
instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in clause (y) of the first proviso to Section
14.1 that affects such Participant. Subject to Section 14.6.5, each Borrower agrees that each Participant shall be entitled to the benefits of, and be subject to the obligations in, Sections 7.1, 7.4
and 7.5 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 14.6.2. To the extent permitted by Law, each Participant also shall be entitled to the benefits of Section
14.8 as though it were a Lender, provided such Participant agrees to be subject to Section 6.9 as though it were a Lender. 

Section 14.6.5 Limitation upon Participant Rights. A Participant shall not be entitled to receive any greater payment under
Section 7.1 or 7.4 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with Prologis’
prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 7.1 unless Prologis is notified of the participation sold to such Participant and such Participant
agrees, for the benefit of Borrowers, to comply with Section 7.1.6 as though it were a Lender. 
 Section 14.6.6 Certain
Pledges. Any Lender may at any time pledge or assign a security interest in any of its rights under this Agreement to secure obligations of such Lender to a Federal Reserve Bank or the central bank of any other country in which such Lender
is organized; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute such pledgee or assignee for such Lender as a party hereto. 

Section 14.6.7 Resignation as an L/C Issuer, Fronting Lender or a Swing Line Lender after Assignment. Notwithstanding anything to
the contrary contained herein, if at any time any Agent or any Fronting Lender assigns all of its Commitment and Loans pursuant to Section 14.6.2 above, such Agent or Fronting Lender, as applicable, may, (a) upon 30 days’ notice to
Prologis and Lenders in the affected Tranche, resign as an L/C Issuer and/or (b) upon 30 days’ notice to Prologis and Lenders in the affected Tranche, resign as a Fronting Lender and/or (c) upon 30 days’ notice to Prologis and Lenders in
the affected Tranche, resign as a Swing Line Lender. In the event of any such resignation as an L/C Issuer, Fronting Lender or a Swing Line Lender, Prologis shall be entitled to appoint from among Lenders a successor L/C Issuer, Fronting Lender
or Swing Line Lender hereunder; provided that no failure by Prologis to appoint 

  
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any such successor shall affect the resignation of such Agent as an L/C Issuer, a Fronting Lender or a Swing Line Lender, as the case may be. If any Person resigns as an L/C Issuer, it shall
retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit issued by it and outstanding as of the effective date of its resignation as an L/C Issuer and all L/C Obligations with respect
thereto (including the right to require Lenders to make Committed Loans or fund risk participations in unreimbursed amounts). If any Lender resigns as a Fronting Lender or Swing Line Lender, it shall retain all the rights of a Fronting Lender
or Swing Line Lender provided for hereunder with respect to Fronting Loans or Swing Line Loans, as applicable, made by it and outstanding as of the effective date of such resignation, including the right to require Lenders to make Committed Loans or
fund risk participations of such outstanding Loans (in the original currency of such Loans). Upon the appointment of a successor L/C Issuer, Fronting Lender, and/or Swing Line Lender, (i) such successor shall succeed to and become vested with
all of the rights, powers, privileges, obligations, and duties of the retiring L/C Issuer, Fronting Lender or Swing Line Lender, as the case may be, and (ii) the successor L/C Issuer shall issue letters of credit in substitution for the Letters
of Credit issued by the resigning L/C Issuer, if any, outstanding at the time of such succession or make other arrangements satisfactory to such Agent to effectively assume the obligations of such Agent with respect to such Letters of Credit. 

Section 14.7 Treatment of Certain Information; Confidentiality. Each Credit Party agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and representatives (it being understood that
the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have
jurisdiction over it or its Affiliates (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable Laws or by any subpoena or similar legal process, (d) to any
other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or
thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any actual or prospective assignee of or Participant in any of its rights or obligations under this Agreement or (ii) any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction relating to a Borrower and its obligations, (g) with the consent of Prologis or (h) to the extent such Information becomes publicly available other than as a result of
a breach of this Section. 
 For purposes of this Section, “Information” means all information received from any Loan Party or any Company
relating to any Loan Party or any Company or any of their respective businesses, other than any such information that is available to the applicable Credit Party on a nonconfidential basis from a source other than any Loan Party or any Company. 

Each Credit Party acknowledges that (1) the Information may include material non-public information concerning any Loan Party or any Company, as the case may
be, (2) it has developed compliance procedures regarding the use of material non-public information and (3) it will handle such material non-public information in accordance with applicable Law, including Federal and state securities Laws. 

  
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 Section 14.8 Right of Setoff. If an Event of Default shall have occurred and
be continuing, each Lender, each L/C Issuer, and each of their respective Affiliates is hereby authorized at any time and from time to time, after obtaining the prior written consent of Global Administrative Agent, to the fullest extent permitted by
applicable Law, to set off and apply all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, such L/C Issuer or
such Affiliate to or for the credit or the account of any Loan Party against any of the obligations of such Loan Party now or hereafter existing under this Agreement or any other Loan Document to such Lender or such L/C Issuer, irrespective of
whether or not such Lender or such L/C Issuer shall have made any demand under this Agreement or any other Loan Document and although such obligations of such Loan Party may be contingent or unmatured or are owed to a branch or office of such Lender
or L/C Issuer different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each Lender, each L/C Issuer and their respective Affiliates under this Section are in addition to other rights and
remedies (including other rights of setoff) that such Lender, such L/C Issuer or their respective Affiliates may have. Each Lender and each L/C Issuer agrees to notify Prologis and Global Administrative Agent promptly after any such setoff and
application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

Section 14.9 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest
(including any fees or charges which are deemed as interest under applicable laws) paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum
Rate”). If any Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the applicable
Borrower. In determining whether the interest contracted for, charged or received by any Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an
expense, fee or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of
the Obligations hereunder. 
 Section 14.10 Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents
constitute the entire contract among the parties relating to the subject matter hereof and supersede all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 8.1,
this Agreement shall become effective when Global Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each party hereto. Delivery of an executed counterpart of a signature page of this
Agreement by facsimile shall be effective as delivery of a manually executed counterpart of this Agreement. 
 Section 14.11
Severability. If any provision of this Agreement or any other Loan Document is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan
Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith 

  
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negotiations to replace the illegal, invalid or unenforceable provision with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or
unenforceable provision. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

Section 14.12 Replacement of Lenders; Sanctioned Lenders. 

Section 14.12.1 Replacement of Lender by Required Assignment. If (i) any Lender requests compensation under Section
7.4, (ii) any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 7.1, (iii) any Lender is a Defaulting Lender, (iv) any Lender is a
Non-Consenting Lender or (v) any Lender is a Sanctioned Lender, then Prologis may, at its sole expense and effort, upon notice to such Lender and Global Administrative Agent, require such Lender to assign and delegate, without recourse (in
accordance with and subject to the restrictions contained in, and consents required by, Section 14.6), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that: 
 (a) Prologis shall have
paid (or caused an Affiliate Borrower to pay) to Global Administrative Agent the assignment fee specified in Section 14.6.2; 
 (b)
subject to Section 14.12.2(b) in the case of a Sanctioned Lender, such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other
amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 7.5) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the applicable Borrower (in the case
of all other amounts); 
 (c) in the case of any such assignment resulting from a claim for compensation under Section 7.4 or
payments required to be made pursuant to Section 7.1, such assignment will result in a reduction in such compensation or payments thereafter; and 

(d) such assignment does not conflict with applicable Laws (including any applicable Sanction). 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the
circumstances entitling Prologis to require such assignment and delegation cease to apply. 
 Section 14.12.2 Sanctioned
Lenders. 
 (a) Prologis shall have no obligation to pay any Lender a facility fee pursuant to Section 6.5.1 or any Letter of Credit
Fee pursuant to Section 5.9 for any day on which such Lender is a Sanctioned Lender. 
 (b) Notwithstanding anything to the contrary
herein, no Sanctioned Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that (unless otherwise required by applicable Law) the Commitment of such Lender may not be


  
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increased or extended, the principal amount of the Loans owed to such Lender may not be reduced, the final maturity of such Loans may not be extended and this clause (b) may not be
amended, in each case, without the consent of such Lender. 
 (c) Notwithstanding Section 14.12.1 or any other provision of this
Agreement (but subject to Section 14.12.2(d)), if any Lender is a Sanctioned Lender, then the applicable Borrowers (i) may, with the consent of Global Administrative Agent if a Default or Event of Default exists, and (ii) shall, promptly upon
notice from Global Administrative Agent that any Law applicable to any Borrower or any Lender requires such action, prepay such Lender’s Loans, all accrued interest thereon and all other amounts payable to such Lender hereunder, in each case on
a non-pro-rata basis, whereupon such Lender shall cease to have any rights or obligations hereunder (other than, to the extent permitted by applicable Law, with respect to rights and obligations that expressly survive the payment in full of the
Obligations and the termination of this Agreement). 
 (d) Notwithstanding any other provision of this Agreement, if it would be unlawful
for any Borrower, any Funding Agent, Global Administrative Agent or any assignee pursuant to Section 14.12.1(a) to make a payment to any Sanctioned Lender, then any amount that such Borrower, such Funding Agent, Global Administrative Agent or
such assignee would otherwise pay to such Sanctioned Lender pursuant to this Agreement or any other Loan Document shall be held for such Sanctioned Lender pursuant to arrangements satisfactory to such Borrower, such Funding Agent, Global
Administrative Agent and such assignee, in each case as applicable, and shall be paid to such Lender only when making such payment is no longer unlawful. 

Section 14.13 Additional Fronting Lenders; Change in Fronting Commitments. At any time after the Closing Date, Prologis may
make a request to Global Administrative Agent that any existing Lender act as an additional Fronting Lender. Upon Global Administrative Agent’s approval that such Lender may act as a Fronting Lender, Global Administrative Agent shall promptly
notify such Lender of such request. Upon the agreement by the applicable Lender to act as a Fronting Lender, such Lender shall become a Fronting Lender hereunder with a Fronting Commitment in an amount agreed to by Prologis, Global Administrative
Agent, and such Fronting Lender, and Global Administrative Agent shall promptly notify Prologis and each Agent of such additional Fronting Lender and such Fronting Lender’s Fronting Commitment. In addition, any Fronting Lender may from time to
time increase or decrease its Fronting Commitment pursuant to a written agreement executed by Prologis, Global Administrative Agent, and such Fronting Lender and Global Administrative Agent shall promptly notify each Agent of such change in a
Fronting Lender’s Fronting Commitment. 
 Section 14.14 GOVERNING LAW; JURISDICTION; ETC. 

Section 14.14.1 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK. 
 Section 14.14.2 SUBMISSION TO JURISDICTION. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND
ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE 

  
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STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN, NEW YORK, NEW YORK AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF,
IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY
SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR IN SUCH FEDERAL COURT. EACH PARTY HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER
JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY CREDIT PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 Section 14.14.3
WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT
OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN SECTION 14.14.2. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE
MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 
 Section 14.14.4 SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY
CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 14.2. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

Section 14.15 Waiver of Jury Trial. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT
OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

  
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 Section 14.16 USA Patriot Act Notice. Each Lender that is subject to the
Patriot Act and Global Administrative Agent and U.S. Funding Agent (each for itself and not on behalf of any Lender) hereby notify Borrowers that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record
information that identifies Borrowers, which information includes the name and address of each Borrower and other information that will allow such Lender or such Agent, as applicable, to identify such Borrower in accordance with the Patriot Act.

 Section 14.17 Know Your Customers. 

Section 14.17.1 Loan Party Information. If: 

(a) any Change in Law; 
 (b) any
change in the status of any Loan Party after the date of this Agreement; or 
 (c) a proposed assignment or transfer by a Lender of any of
its rights and obligations under this Agreement to a party that is not a Lender prior to such assignment or transfer; 
 requires any Funding Agent or any
Lender (or, in the case of paragraph (c) above, any prospective new Lender) to comply with “know your customer” or similar identification procedures in circumstances where the necessary information is not already available to it,
each Loan Party under the applicable Tranche shall promptly upon the request of the Funding Agent under such Tranche or any Lender under such Tranche supply, or procure the supply of, such documentation and other evidence as is reasonably requested
by such Funding Agent (for itself or on behalf of any Lender under the applicable Tranche) or such Lender (for itself or, in the case of the event described in paragraph (c) above, on behalf of any prospective new Lender under the applicable
Tranche) in order for such Funding Agent, such Lender or, in the case of the event described in paragraph (c) above, such prospective new Lender to carry out and be satisfied it has complied with all necessary “know your customer”
or other similar checks under all applicable Laws pursuant to the transactions contemplated in the Loan Documents. 
 Section 14.17.2
Lender Information. Each Lender shall promptly upon the request of the applicable Funding Agent supply, or procure the supply of, such documentation and other evidence as is reasonably requested by such Funding Agent to carry out and be
satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable Laws pursuant to the transactions contemplated in the Loan Documents. 

Section 14.17.3 Additional Loan Parties. Following any request that an Eligible Affiliate becomes an Affiliate Borrower under a
Tranche pursuant to Section 6.11, if the accession of such Affiliate Borrower requires any Lender to comply with “know your customer” or similar identification procedures in circumstances where the necessary information is not
already available to it, Prologis shall promptly upon the request of such Credit Party supply, or procure the supply of, such documentation and other evidence as is reasonably requested by such Credit Party (for itself or on behalf of any other
Credit Party) in order for such Credit Party or 

  
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any prospective new Credit Party to carry out and be satisfied it has complied with the results of all necessary “know your customer” or other similar checks under all applicable Laws
pursuant to the accession of such Affiliate Borrower to this Agreement. 
 Section 14.17.4 Limitation on
Assignments. Notwithstanding Section 14.6, an assignment under any Tranche will only be effective on performance by the applicable Funding Agent of all “know your customer” or other checks relating to any Person that it is
required to carry out in relation to such assignment, the completion of which the applicable Funding Agent shall promptly notify to the assigning Lender and the applicable Qualified Institution. 

Section 14.17.5 Lender Responsibility. Nothing in this Agreement shall require any Agent or any Arranger to carry out any “know
your customer” or other checks in relation to any person on behalf of any Lender and each Lender confirms to each Agent and each Arranger that it is solely responsible for any such checks it is required to carry out and that it may not rely on
any statement in relation to such checks made by any Agent or any Arranger. 
 Section 14.18 Acknowledgement and Consent to
Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender
that is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and
agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any Lender that is an EEA Financial Institution; and 
 (b) the effects of any Bail-in
Action on any such liability, including, if applicable: 
 (i) a reduction in full or in part or cancellation of any such
liability; 
 (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such
EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability in
connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority. 
 Section 14.19 Time of the
Essence. Time is of the essence of the Loan Documents. 
 Section 14.20 Judgment Currency. If, for the purposes
of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the
applicable Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The 

  
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obligation of each Borrower in respect of any such sum due from it to any Credit Party hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the
“Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business
Day following receipt by the applicable Agent of any sum adjudged to be so due in the Judgment Currency, such Agent may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the
Agreement Currency so purchased is less than the sum originally due to the applicable Credit Party from such Borrower in the Agreement Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the
applicable Credit Party against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the applicable Credit Party in such currency, such Credit Party agrees to return the amount of any excess to
such Borrower (or to any other Person who may be entitled thereto under applicable Law). 
 Section 14.21 ENTIRE
AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 
 Section 14.22 Amendment and Restatement of Existing Credit
Agreement. This Agreement amends and restates in its entirety the Existing Credit Agreement. On the Closing Date, the Applicable Tranche Lenders shall severally purchase from each other and from any Applicable Tranche Lenders (as defined in
the Existing Credit Agreement) that are not Lenders hereunder (the “Non-Continuing Lenders”), the Commitments under the applicable Tranche of such Non-Continuing Lenders under the Existing Credit Agreement so that, after giving
effect to such purchase and to any Loans made on the Closing Date, the Commitments and the principal indebtedness owing under the applicable Tranche under this Agreement and participations in the Letters of Credit under the applicable Tranche are
held by the Applicable Tranche Lenders in accordance with their respective Applicable Tranche Percentages, and the Non-Continuing Lenders shall cease to be a party to the Existing Credit Agreement and shall not be parties to this Agreement. Such
purchases shall have been deemed to have been automatically made hereunder without the necessity of the execution and delivery of any assignment documentation, on an as-is, where-is basis by the Non-Continuing Lenders and any Non-Continuing Lender
shall be deemed to be a third party beneficiary of this Section 14.22. 
 Section 14.23 No Fiduciary
Duty. In connection with all aspects of each transaction contemplated hereby, each Borrower acknowledges and agrees, and acknowledges its respective Affiliates’ understanding, that: (i) the credit facilities and
Tranches provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial
transaction between such Borrower and its Affiliates, on the one hand, and Global Administrative Agent, any other Agent, the Arrangers and the Lenders, on the other hand, and such Borrower is capable of evaluating and understanding and understands
and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in 


  
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connection with the process leading to such transaction, each Agent and each Arranger is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary for such
Borrower or any of its Affiliates, stockholders, creditors or employees; (iii) none of Global Administrative Agent, any other Agent or any Arranger has assumed or will assume an advisory, agency or fiduciary responsibility in favor of such Borrower
with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether Global Administrative
Agent, any other Agent or any Arranger has advised or is currently advising such Borrower or any of its Affiliates on other matters) and none of Global Administrative Agent, any other Agent or any Arranger has any obligation to such Borrower or any
of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; (iv) Global Administrative Agent, each other Agent, and the Arrangers and their
respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of such Borrower and its Affiliates, and none of Global Administrative Agent, any other Agent or any Arranger has any obligation to
disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) Global Administrative Agent, each other Agent, and the Arrangers have not provided and will not provide any legal, accounting, regulatory or tax
advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and such Borrower has consulted its own legal, accounting, regulatory and tax advisors to
the extent it has deemed appropriate. Each Borrower hereby waives and releases, to the fullest extent permitted by Law, any claim that it may have against Global Administrative Agent, any other Agent, and the Arrangers with respect to any
breach or alleged breach of agency or fiduciary duty. 
 Section 14.24 Yen Facility Modification. General
Partner designates this Agreement as a “Prologis Credit Agreement” under and as defined in the Fourth Amended and Restated Revolving Credit Agreement, dated as of August 14, 2013 (the “Yen Facility”), among Prologis Japan
Finance Y.K. (f/k/a AMB Japan Finance Y.K.), Prologis, General Partner, various lenders and Sumitomo Mitsui Banking Corporation, as Administrative Agent. At the request of General Partner, the “Requisite Lenders” (as defined in Section
9.5(b) of the Yen Facility), by their execution of this Agreement, approve the “Modifications” (as defined in Section 9.5(b) of the Yen Facility) set forth in this Agreement. 

Section 14.25 Sanctions Representation by Credit Parties. Each Credit Party (a) certifies to
each Loan Party that it is not a Sanctioned Person and (b) agrees that if at any time it becomes a Sanctioned Person, it will promptly notify Prologis and Administrative Agent. 

Section 14.26 Electronic Execution of Assignments and Certain Other Documents. The words “execute,”
“execution,” “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated hereby (including Assignment and Assumptions,
amendments or other modifications, Committed Loan Notices, U.S. Swing Line Loan Notices, Euro Swing Line Loan Notices, Bid Requests, U.S. Competitive Bids, Euro Competitive Bids, waivers and consents) shall be deemed to include electronic
signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the applicable Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or 


  
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enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable Law, including the
Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state law based on the Uniform Electronic Transactions Act; provided that notwithstanding
anything contained herein to the contrary, no Agent is under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by such Agent pursuant to procedures approved by it. 

ARTICLE XV 
 GUARANTIES

 Section 15.1 The Guaranties. In order to induce the Lenders to enter into this Agreement and to extend
credit hereunder and in recognition of the direct benefits to be received by each of General Partner and Prologis from the proceeds of the Loans and the issuance of the Letters of Credit, each of General Partner and Prologis hereby absolutely,
irrevocably and unconditionally guarantees, jointly and severally, as primary obligor and not merely as surety the full and prompt payment when due, whether upon maturity, acceleration or otherwise, of all of the Guaranteed Obligations of the
applicable Designated Borrowers and the due performance and compliance with all terms, conditions and agreements contained in the Loan Documents by each such Designated Borrower. If any of the Guaranteed Obligations of such Designated Borrowers
to any Agent and/or any Lender becomes due and payable hereunder, each of General Partner and Prologis unconditionally promises to pay such indebtedness to such Agents and/or such Lenders, as applicable, on demand, together with all reasonable
expenses which may be incurred by any Agent or the Lenders in collecting any of the Guaranteed Obligations. If claim is ever made upon any Agent and/or any Lender for repayment or recovery of any amount or amounts received in payment or on
account of any of the Guaranteed Obligations and any of the aforesaid payees repays all or part of said amount by reason of (a) any judgment, decree or order of any court or administrative body having jurisdiction over such payee or any of its
property or (b) any settlement or compromise of any such claim effected by such payee with any such claimant (including the Designated Borrowers), then and in such event each of General Partner and Prologis agrees that any such judgment, decree,
order, settlement or compromise shall be binding upon such entity, notwithstanding any revocation of the applicable guaranty under this Article XV or other instrument evidencing any liability of any Designated Borrower, and each of General
Partner and Prologis shall be and remain liable to the aforesaid payees hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by any such payee. 

Section 15.2 Insolvency. Additionally, each of General Partner and Prologis unconditionally and irrevocably
guarantees the payment of all of the Guaranteed Obligations of the applicable Designated Borrowers to the Credit Parties, whether or not due or payable by any such Designated Borrower, upon the occurrence of any of the events specified in
Section 12.1.6, and unconditionally promises to pay such Guaranteed Obligations to the Credit Parties on demand. 

Section 15.3 Absolute and Unconditional Guaranty. The guaranty provided by General Partner and Prologis under this
Article XV is intended to be an irrevocable, absolute and continuing guaranty of payment and is not a guaranty of collection. This guaranty may not be 

  
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revoked by General Partner or Prologis. The liability of each of General Partner and Prologis hereunder is exclusive and independent of any security for or other guaranty of the Guaranteed
Obligations of any Designated Borrower whether executed by General Partner, Prologis, any other guarantor or by any other party, and the liability of each of General Partner and Prologis hereunder is not affected or impaired by (a) any direction as
to application of payment by any Designated Borrower or by any other party; or (b) any other continuing or other guaranty, undertaking or maximum liability of a guarantor or of any other party as to the Guaranteed Obligations of any Designated
Borrower; or (c) any payment on or in reduction of any such other guaranty or undertaking; or (d) any dissolution, termination or increase, decrease or change in personnel by any Designated Borrower; or (e) any payment made to any Credit Party on
the Guaranteed Obligations which any such Credit Party repays to any Designated Borrower pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or other debtor relief proceeding, and each of General Partner and Prologis
waives any right to the deferral or modification of its obligations hereunder by reason of any such proceeding. The guaranty and liability of each of General Partner and Prologis hereunder shall in all respects be a continuing, irrevocable,
absolute and unconditional guaranty of payment and performance and not only collectability, and shall remain in full force and effect (notwithstanding, without limitation, the dissolution of any Designated Borrower, that at any time or from time to
time no Guaranteed Obligations are outstanding or any other circumstance) until all Commitments have terminated and, subject to the last sentence of Section 15.1, all Guaranteed Obligations have been paid in full. 

Section 15.4 Independent Obligation. The obligations of each of General Partner and Prologis hereunder are
independent of the obligations of any other guarantor, any other party or any Borrower, and a separate action or actions may be brought and prosecuted against General Partner and/or Prologis whether or not action is brought against any other
guarantor, any other party or any Borrower and whether or not any other guarantor, any other party or any Borrower is joined in any such action or actions. Each of General Partner and Prologis waives, to the fullest extent permitted by Law, the
benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by a Borrower or other circumstance which operates to toll any statute of limitations as to such Borrower shall operate to toll the
statute of limitations as to General Partner’s and Prologis’ respective obligations under this Article XV. 
 Section
15.5 Authorization. Each of General Partner and Prologis authorizes the Credit Parties without notice or demand (except as shall be required by applicable statute and cannot be waived), and without affecting or impairing its
liability hereunder, from time to time to: 
 (a) change the manner, place or terms of payment of, and/or change or extend the time of
payment of, renew, increase, accelerate or alter, any of the Guaranteed Obligations (including any increase or decrease in the rate of interest thereon), any security therefor, or any liability incurred directly or indirectly in respect thereof, and
the guaranty of each of General Partner and Prologis herein made shall apply to the Guaranteed Obligations as so changed, extended, renewed or altered; 

(b) take and hold security for the payment of the Guaranteed Obligations and sell, exchange, release, surrender, realize upon or otherwise
deal with in any manner and in any order 

  
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any property by whomsoever at any time pledged or mortgaged to secure, or howsoever securing, the Guaranteed Obligations or any liabilities (including any of those hereunder) incurred directly or
indirectly in respect thereof or hereof, and/or any offset thereagainst; 
 (c) exercise or refrain from exercising any rights against any
Borrower or others or otherwise act or refrain from acting; 
 (d) release or substitute any one or more endorsers, guarantors, Borrowers or
other obligors; 
 (e) settle or compromise any of the Guaranteed Obligations, any security therefor or any liability (including any of
those hereunder) incurred directly or indirectly in respect thereof or hereof, and may subordinate the payment of any part thereof to the payment of any liability (whether due or not) of any Borrower to its creditors other than the Credit Parties;

 (f) apply any sums by whomsoever paid or howsoever realized to any liability or liabilities of any Borrower to the Credit Parties
regardless of what liability or liabilities of General Partner, Prologis or any Borrower remain unpaid; 
 (g) consent to or waive any
breach of, or any act, omission or default under, this Agreement or any of the instruments or agreements referred to herein, or otherwise amend, modify or supplement this Agreement or any of such other instruments or agreements; and/or 

(h) take any other action that would, under otherwise applicable principles of common law, give rise to a legal or equitable discharge of
General Partner or Prologis from its liabilities under this Article XV; 
 it being understood that the foregoing shall not permit any action by
Global Administrative Agent or any Lender that is not otherwise permitted by this Agreement or any other Loan Document. 
 The Guaranteed Obligations shall
not be affected by any acts of any Governmental Authority affecting any Borrower including any restrictions on the conversion of currency or repatriation or control of funds or any total or partial expropriation of any Borrower’s property, or
by economic, political, regulatory or other events in the countries where any Borrower is located. 
 Section 15.6
Reliance. It is not necessary for any Credit Party to inquire into the capacity or powers of any Borrower or the officers, directors, partners or agents acting or purporting to act on their behalf, and any Guaranteed Obligations
made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder. 
 Section 15.7
Subordination. Any indebtedness of any Borrower relating to the Guaranteed Obligations now or hereafter owing to General Partner or Prologis is hereby subordinated to the Guaranteed Obligations of such Borrower owing to the Credit
Parties, and if Global Administrative Agent so requests at a time when an Event of Default exists, all such indebtedness relating to the Guaranteed Obligations of such Borrower to the General Partner and Prologis shall be collected, enforced and
received by the General Partner or Prologis, as applicable, for the benefit of the Credit Parties and be paid over to Global Administrative Agent 

  
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on behalf of the Credit Parties on account of the Guaranteed Obligations of such Borrower to the Credit Parties, but without affecting or impairing in any manner the liability of General Partner
and Prologis under the other provisions of this Article XV. Without limiting the generality of the foregoing, each of General Partner and Prologis hereby agrees with the Credit Parties that it will not exercise any right of subrogation
which it may at any time otherwise have as a result of the guaranty under this Article XV (whether contractual, under Section 509 of the United States Bankruptcy Code or otherwise) until, subject to the last sentence of
Section 15.1, all Guaranteed Obligations (other than contingent indemnities and costs and reimbursement obligations to the extent no claim has been asserted with respect thereto) have been irrevocably paid in full in cash.

 Section 15.8 Waivers. 

(a) Each of General Partner and Prologis waives any right (except as shall be required by applicable statute and cannot be waived) to require
any Credit Party to (i) proceed against any Borrower, any other guarantor or any other party, (ii) proceed against or exhaust any security held from any Borrower, any other guarantor or any other party or (iii) pursue any other remedy in any Credit
Party’s power whatsoever. Each of General Partner and Prologis waives any defense based on or arising out of any defense of any Borrower, any other guarantor or any other party, other than payment in full of the Guaranteed Obligations, based on
or arising out of the disability of any Borrower, any other guarantor or any other party, or the validity, legality or unenforceability of the Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the
liability of any Borrower other than payment in full of the Guaranteed Obligations. The Credit Parties may, at their election, foreclose on any security, if any, held by Global Administrative Agent or any other Credit Party by one or more
judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable (to the extent such sale is permitted by applicable Law), or exercise any other right or remedy the Credit Parties may have against any Borrower
or any other party, or any security, without affecting or impairing in any way the liability of the General Partner or Prologis hereunder except to the extent the Guaranteed Obligations have been paid. Each of General Partner and Prologis
waives any defense arising out of any such election by the Credit Parties, even though such election operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of General Partner or Prologis against any
Borrower or any other party or any security. 
 (b) Except as otherwise expressly provided in this Agreement, each of General Partner and
Prologis waives all presentments, demands for performance, protests and notices, including notices of any Event of Default, notices of nonperformance, notices of protest, notices of dishonor, notices of acceptance of the guaranty hereunder, notices
of the existence, creation or incurring of new or additional Guaranteed Obligations, and notices of any Credit Party’s transfer or disposition of the Guaranteed Obligations, or any part thereof. Each of General Partner and Prologis assumes all
responsibility for being and keeping itself informed of each Borrower’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the
risks which it assumes and incurs hereunder, and agrees that no Agent or Lender shall have any duty to advise it of information known to it regarding such circumstances or risks. 

Section 15.9 Nature of Liability. It is the desire and intent of each of General Partner and Prologis and the Credit
Parties that this Article XV shall be enforced against each of General 

  
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Partner and Prologis to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If, however, and to the extent that,
the obligations of General Partner and Prologis under this Article XV shall be adjudicated to be invalid or unenforceable for any reason (including because of any applicable state or federal law relating to fraudulent conveyances or
transfers), then the amount of the Guaranteed Obligations shall be deemed to be reduced and each of General Partner and Prologis shall pay the maximum amount of the Guaranteed Obligations which would be permissible under applicable Law. 

[Signature pages follow] 

  
 178 









 Executed as of the date first written above. 

 

 U.S., EURO AND YEN TRANCHE BORROWERS: 

 

			
	PLD INTERNATIONAL FINANCE LLC,
	a Delaware limited liability company
	
	By: PLD INTERNATIONAL HOLDING LLC, its managing member
	By: PROLOGIS, its sole member
	
	PROLOGIS FINANCE LLC,
	a Delaware limited liability company
	
	By: PLD INTERNATIONAL FINANCE LLC, its sole member,
	By: PLD INTERNATIONAL HOLDING LLC, its managing member
	By: PROLOGIS, its sole member
	
	PLD CANADIAN FUNDING US LLC,
	a Delaware limited liability company
	
	By: PLD INTERNATIONAL FINANCE LLC, its sole member,
	By: PLD INTERNATIONAL HOLDING LLC, its managing member
	By: PROLOGIS, it sole member
		
	By:	 	 /s/ Gayle P. Starr

	Name:	 	Gayle P. Starr
	Title:	 	Managing Director
	
	PROLOGIS LOGISTICS SERVICES INCORPORATED,
	a Delaware corporation
		
	By:	 	 /s/ Gayle P. Starr

	Name:	 	Gayle P. Starr
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 

 U.S., EURO AND YEN TRANCHE BORROWERS: 

 

			
	PALMTREE ACQUISITION CORPORATION,
	a Delaware corporation
		
	By:	 	 /s/ Gayle P. Starr

	Name:	 	Gayle P. Starr
	Title:	 	Managing Director
	
	AMB CANADA INVESTMENTS, LLC,
	a Delaware limited liability company
		
	By:	 	PROLOGIS, L.P., its sole member
	By:	 	PROLOGIS, INC., its general partner
		
	By:	 	 /s/ Gayle P. Starr

	Name:	 	Gayle P. Starr
	Title:	 	Managing Director
	
	PROLOGIS JAPAN LLC,
	a Delaware limited liability company
		
	By:	 	AMB ASIA LLC, its sole member
	By:	 	PROLOGIS, L.P., its manager
	By:	 	PRLOGIS, INC., its general partner
		
	By:	 	 /s/ Gayle P. Starr

	Name:	 	Gayle P. Starr
	Title:	 	Managing Director
	
	PROLOGIS, L.P.,
	a Deleware limited partnership
		
	By:	 	PROLOGIS, INC., its general partner
		
	By:	 	 /s/ Gayle P. Starr

	Name:	 	Gayle P. Starr
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 

 U.S., EURO AND YEN TRANCHE BORROWERS: 

 

			
	PROLOGIS EUROPE FINANCE II B.V.,
	a Netherlands private company with limited liability
	
	PROLOGIS UK FUNDING II B.V.,
	a Netherlands private company with limited liability
		
	By:	 	 /s/ Christian H.A. Nickels-Teske

	Name:	 	ProLogis Directorship II B.V.
		 	In turn represented by Christian H.A.
		 	Nickels-Teske
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 

 YEN TRANCHE BORROWERS: 

 

			
	PROLOGIS MARUNOUCHI FINANCE INVESTMENT LIMITED PARTNERSHIP, a Japanese investment limited partnership
		
	By:	 	Prologis LPS Finance Y.K., its general partner
		
	By:	 	 /s/ Shigeru Inada

	Name:	 	Shigeru Inada
	Title:	 	Director
	
	PROLOGIS JAPAN FINANCE INVESTMENT LIMITED PARTNERSHIP, a Japanese investment limited partnership
		
	By:	 	Prologis LPS Finance Two Y.K., its general partner
		
	By:	 	 /s/ Hirokuni Tadokoro

	Name:	 	Hirokuni Tadokoro
	Title:	 	Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 

 GUARANTORS: 

 

			
	PROLOGIS, INC.,
	a Maryland corporation
		
	By:	 	 /s/ Gayle P. Starr

	Name:	 	Gayle P. Starr
	Title:	 	Managing Director
	
	PROLOGIS, L.P.,
	a Delaware limited partnership
		
	By:	 	PROLOGIS, INC., its general partner
		
	By:	 	 /s/ Gary P. Starr

	Name:	 	Gayle P. Starr
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	AGENT:
	
	BANK OF AMERICA, N.A.,
	as Global Administrative Agent,
	U.S. Funding Agent,
	U.S. Swing Line Lender, and
	a U.S. L/C Issuer
		
	By:	 	 /s/ Will T. Bowers, Jr.

		 	Will T. Bowers, Jr., Senior Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	THE ROYAL BANK OF SCOTLAND PLC,
	as Euro Funding Agent and Euro Swing Line Lender
		
	By:	 	 /s/ R.G.P. de Esch

	Name:	 	R.G.P. de Esch
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	AGENT:
	
	SUMITOMO MITSUI BANKING CORPORATION,
	as Yen Funding Agent and a Yen L/C Issuer
		
	By:	 	 /s/ Keith J. Connolly

	Name:	 	Keith J. Connolly
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	JPMORGAN CHASE BANK, N.A.,
	as a U.S. L/C Issuer and a U.S. Swing Line Lender
		
	By:	 	 /s/ Jaime Gitler

	Name:	 	Jaime Gitler
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	 ING BANK N.V.,

	as a Euro L/C Issuer and a Euro Lender
		
	By:	 	 /s/ Arie Hubers

	Name:	 	Arie Hubers
	Title:	 	Managing Director
		
	By:	 	 /s/ Peter Brandsma

	Name:	 	Peter Brandsma
	Title:	 	Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	FRONTING LENDER:
	
	BANK OF AMERICA, N.A.,
	as a Fronting Lender
		
	By:	 	 /s/ Will T. Bowers, Jr.

		 	Will T. Bowers, Jr., Senior Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	 FRONTING LENDER:

	
	 JPMORGAN CHASE BANK, N.A.,

	as a Fronting Lender
		
	By:	 	 /s/ Jaime Gitler

	Name:	 	Jaime Gitler
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	THE ROYAL BANK OF SCOTLAND PLC,
	as a Fronting Lender
		
	By:	 	 /s/ R.G.P. de Esch

	Name:	 	R.G.P. de Esch
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	FRONTING LENDER:
	
	SUMITOMO MITSUI BANKING CORPORATION,
	as a Fronting Lender
		
	By:	 	 /s/ Keith J. Connolly

	Name:	 	Keith J. Connolly
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 

 
			
	LENDERS:
	
	BANK OF AMERICA, N.A.,
	as a U.S. Lender and a Euro Lender
	
	BANK OF AMERICA, N.A., TOKYO BRANCH,
	as a Yen Lender
		
	By:	 	 /s/ Will T. Bowers, Jr.

		 	Will T. Bowers, Jr., Senior Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 

 
			
	ASSOCIATED BANK, NATIONAL
	ASSOCIATION,
	as a U.S. Lender
		
	By:	 	 /s/ Michael J. Sedivy

	Name:	 	Michael J. Sedivy
	Title:	 	Senior Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 

 
			
	THE BANK OF NOVA SCOTIA,
	as a U.S. Lender
		
	By:	 	 /s/ Winston Lua

	Name:	 	Winston Lua
	Title:	 	Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 

 
			
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	as a U.S. Lender
		
	By:	 	 /s/ Charles Stewart

	Name:	 	Charles Stewart
	Title:	 	Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	BNP PARIBAS,
	as a U.S. Lender
		
	 By:
	 	 /s/ Duane Helkowski

	 Name:
	 	 Duane Helkowski

	 Title:
	 	 Managing Director

		
	 By:
	 	 /s/ Kwang Kyun Choi

	 Name:
	 	 Kwang Kyun Choi

	 Title:
	 	 Vice President




  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	[BRANCH BANKING AND TRUST COMPANY],
	 as a U.S. Lender

		
	 By:
	 	 /s/ Ahaz Armstrong

	 Name:
	 	 Ahaz Armstrong

	 Title:
	 	 Vice President




  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	CITIBANK, N.A.,
	 as a U.S. Lender

		
	 By:
	 	 /s/ John C. Rowland

	 Name:
	 	 John C. Rowland

	 Title:
	 	 Vice President




  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	 COMPASS BANK,

	 as a U.S. Lender

		
	 By:
	 	 /s/ Brian Tuerff

	 Name:
	 	 Brian Tuerff

	 Title:
	 	 Senior Vice President




  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	CRÉDIT AGRICOLE CORPORATE AND
	INVESTMENT BANK,
	as a U.S. Lender
		
	By:	 	 /s/ Joseph A. Asciolla

	Name:	 	Joseph A. Asciolla
	Title:	 	Managing Director
		
	By:	 	 /s/ Adam Jenner

	Name:	 	Adam Jenner
	Title:	 	Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	GOLDMAN SACHS BANK USA,
	as a U.S. Lender
		
	By:	 	 /s/ Rebecca Kratz

	Name:	 	Rebecca Kratz
	Title:	 	Authorized Signatory



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	HSBC BANK USA, N.A.,
	as a U.S. Lender
		
	By:	 	 /s/ Christian Sumulong

	Name:	 	Christian Sumulong
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	JPMORGAN CHASE BANK, N.A.,
	as a U.S. Lender
		
	By:	 	 /s/ Jaime Gitler

	Name:	 	Jaime Gitler
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	LLOYDS BANK PLC,
	as a U.S. Lender
		
	By:	 	 /s/ Daven Popat

	Name:	 	Daven Popat
	Title:	 	Senior Vice President
		
	By:	 	 /s/ Erin Doherty

	Name:	 	Erin Doherty
	Title:	 	Assistant Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	MIZUHO BANK, LTD.,
	as a U.S. Lender
		
	By:	 	 /s/ John Davies

	Name:	 	John Davies
	Title:	 	Authorized Signatory



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	MORGAN STANLEY BANK, N.A.,
	as a U.S. Lender
		
	By:	 	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Authorized Signatory



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	PNC BANK, NATIONAL ASSOCIATION,
	as a U.S. Lender
		
	By:	 	 /s/ Nicolas Zitelli

	Name:	 	Nicolas Zitelli
	Title:	 	Senior Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	REGIONS BANK,
	as a U.S. Lender
		
	By:	 	 /s/ Ronald J. Bennett

	Name:	 	Ronald J. Bennett
	Title:	 	Executive Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	THE ROYAL BANK OF SCOTLAND PLC,
	as a U.S. Lender
		
	By:	 	 /s/ R.G.P. de Esch

	Name:	 	R.G.P. de Esch
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	SUMITOMO MITSUI BANKING CORPORATION,
	as a U.S. Lender
		
	By:	 	 /s/ Keith J. Connolly

	Name:	 	Keith J. Connolly
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	TD BANK, N.A.,
	as a U.S. Lender
		
	By:	 	 /s/ Rory Desmond

	Name:	 	Rory Desmond
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	U.S. BANK NATIONAL ASSOCIATION, a
	national banking association
	as a U.S. Lender
		
	By:	 	 /s/ Michael F. Diemer

	Name:	 	Michael F. Diemer
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as a U.S. Lender
		
	By:	 	 /s/ Ricky S. Nahal

	Name:	 	Ricky S. Nahal
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	THE BANK OF NOVA SCOTIA,
	as a Euro Lender
		
	By:	 	 /s/ Winston Lua

	Name:	 	Winston Lua
	Title:	 	Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	as a Euro Lender
		
	By:	 	 /s/ Charles Stewart

	Name:	 	Charles Stewart
	Title:	 	Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	LENDERS:
	
	BNP PARIBAS,
	as a Euro Lender
		
	By:	 	 /s/ Duane Helkowski

	Name:	 	Duane Helkowski
	Title:	 	Managing Director
		
	By:	 	 /s/ Kwang Kyun Choi

	Name:	 	Kwang Kyun Choi
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	[BRANCH BANKING AND TRUST COMPANY],
	as a Euro Lender
		
	By:	 	 /s/ Ahaz Armstrong

	Name:	 	Ahaz Armstrong
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	CITIBANK, N.A.,
	as a Euro Lender
		
	By:	 	 /s/ John C. Rowland

	Name:	 	John C. Rowland
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	CREDIT AGRICOLE CORPORATE AND
	INVESTMENT BANK,
	as a Euro Lender
		
	By:	 	 /s/ Joseph A. Asciolla

	Name:	 	Joseph A. Asciolla
	Title:	 	Managing Director
		
	By:	 	 /s/ Adam Jenner

	Name:	 	Adam Jenner
	Title:	 	Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	GOLDMAN SACHS BANK USA,
	as a Euro Lender
		
	By:	 	 /s/ Rebecca Kratz

	Name:	 	Rebecca Kratz
	Title:	 	Authorized Signatory



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	HSBC BANK USA, N.A.,
	 as a Euro Lender

		
	By:	 	 /s/ Christian Sumulong

	 Name:
	 	 Christian Sumulong

	 Title:
	 	 Vice President




  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	JPMORGAN CHASE BANK, N.A.,
	as a Euro Lender
		
	By:	 	 /s/ Jaime Gitler

	Name:	 	Jaime Gitler
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	LLOYDS BANK PLC,
	as a Euro Lender
		
	By:	 	 /s/ Daven Popat

	Name:	 	Daven Popat
	Title:	 	Senior Vice President
		
	By:	 	 /s/ Erin Doherty

	Name:	 	Erin Doherty
	Title:	 	Assistant Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	MIZUHO BANK, LTD.,
	as a Euro Lender
		
	By:	 	 /s/ John Davies

	Name:	 	John Davies
	Title:	 	Authorized Signatory



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	MORGAN STANLEY BANK, N.A.,
	as a Euro Lender
		
	By:	 	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Authorized Signatory



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	MORGAN STANLEY SENIOR FUNDING, INC.,
	as a Euro Lender
		
	By:	 	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	REGIONS BANK,
	as a Euro Lender
		
	By:	 	 /s/ Ronald J. Bennett

	Name:	 	Ronald J. Bennett
	Title:	 	Executive Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	THE ROYAL BANK OF SCOTLAND PLC,
	as a Euro Lender
		
	By:	 	 /s/ R.G.P. de Esch

	Name:	 	R.G.P. de Esch
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	SUMITOMO MITSUI BANKING CORPORATION,
	as a Euro Lender
		
	By:	 	 /s/ Keith J. Connolly

	Name:	 	Keith J. Connolly
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as a Euro Lender
		
	By:	 	 /s/ Ricky S. Nahal

	Name:	 	Ricky S. Nahal
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	THE BANK OF NOVA SCOTIA,
	as a Yen Lender
		
	By:	 	 /s/ Winston Lua

	Name:	 	Winston Lua
	Title:	 	Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	CITIBANK JAPAN LTD.,
	as a Yen Lender
		
	By:	 	 /s/ Yuko Akiya

	Name:	 	Yuko Akiya
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	CRÉDIT AGRICOLE CORPORATE AND
	INVESTMENT BANK, TOKYO BRANCH,
	as a Yen Lender
		
	By:	 	 /s/ Hiroyuki Ueno

	Name:	 	Hiroyuki Ueno
	Title:	 	Managing Director
		
	By:	 	 /s/ Satoshi Oda

	Name:	 	Satoshi Oda
	Title:	 	Executive Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	HSBC BANK USA, N.A.,
	as a Yen Lender
		
	By:	 	 /s/ Christian Sumulong

	Name:	 	Christian Sumulong
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	ING BANK N.V., TOKYO BRANCH,
	as a Yen Lender
		
	By:	 	 /s/ Tetsuo Hoshiya

	Name:	 	Tetsuo Hoshiya
	Title:	 	Managing Director
		
	By:	 	 /s/ Riko Kikuchi

	Name:	 	Riko Kikuchi
	Title:	 	Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	JPMORGAN CHASE BANK, N.A.,
	as a Yen Lender
		
	By:	 	 /s/ Jaime Gitler

	Name:	 	Jaime Gitler
	Title:	 	Vice President



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	MIZUHO BANK, LTD.,
	as a Yen Lender
		
	By:	 	 /s/ John Davies

	Name:	 	John Davies
	Title:	 	Authorized Signatory



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 


			
	SUMITOMO MITSUI BANKING CORPORATION,
	as a Yen Lender
		
	By:	 	 /s/ Keith J. Connolly

	Name:	 	Keith J. Connolly
	Title:	 	Managing Director



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 









 Executed as of the date first written above. 

 

 
			
	SUMITOMO MITSUI TRUST BANK, LIMITED
	as a Yen Lender
		
	By:	 	 /s/ Hirotaka Shiraiwa

	Name:	 	Hirotaka Shiraiwa
	Title:	 	General Manager



  
 Signature Page to

 Prologis, L.P. Global Senior Credit Agreement 

(2016) 








 SCHEDULE 2.1 

COMMITMENTS 
 AND
APPLICABLE TRANCHE PERCENTAGES 
 2.1(a) 

Applicable Tranche Percentage – U.S. Commitments 
  

																													
	 Lender
	 	Commitment
(in US Dollars)	 	 	Applicable
Percentage	 	 	Currency Commitment1	 	Ability to
Lend to
	 	 	 	Euro	 	Sterling	 	Yen	 	Canadian
Dollars	 	Dutch
Borrowers2
	 	 	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No
	 Bank of America, N.A.
	 	 	121,949,620.43	  	 	 	6.968549739	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 The Royal Bank of Scotland plc
	 	 	37,500,000.00	  	 	 	2.142857143	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 Sumitomo Mitsui Banking Corporation
	 	 	121,949,620.43	  	 	 	6.968549739	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 JPMorgan Chase Bank, N.A.
	 	 	121,949,620.43	  	 	 	6.968549739	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 Associated Bank, National Association
	 	 	20,000,000.00	  	 	 	1.142857143	% 	 		 	X	 		 	X	 		 	X	 		 	X	 	X	 	
	 The Bank of Nova Scotia
	 	 	98,179,779.15	  	 	 	5.610273094	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 BNP Paribas
	 	 	67,307,692.31	  	 	 	3.846153846	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 Branch Banking and Trust Company
	 	 	33,653,846.15	  	 	 	1.923076923	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 Citibank, N.A.
	 	 	121,949,620.43	  	 	 	6.968549739	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 Compass Bank
	 	 	25,000,000.00	  	 	 	1.428571429	% 	 	X	 		 	X	 		 	X	 		 	X	 		 		 	X
	 Credit Agricole Corporate and Investment Bank
	 	 	12,918,391.99	  	 	 	0.738193828	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	

  

	1 	See clause (a) of the definition of “U.S. Qualified Lender”. 


	2 	See clause (b) of the definition of “U.S. Qualified Lender”. 


  

					
		 	1	 	Schedule 2.1










																													
	 Lender
	 	Commitment
(in US Dollars)	 	 	Applicable
Percentage	 	 	Currency Commitment	 	Ability to
Lend to
	 	 	 	Euro	 	Sterling	 	Yen	 	Canadian
Dollars	 	Dutch
Borrowers
	 	 	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No
	 Goldman Sachs Bank USA
	 	 	127,884,615.38	  	 	 	7.307692307	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 HSBC Bank USA, NA
	 	 	51,673,567.98	  	 	 	2.952775313	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 Lloyds Bank plc
	 	 	23,557,692.31	  	 	 	1.346153846	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 Mizuho Bank, Ltd.
	 	 	98,179,779.16	  	 	 	5.610273095	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 Morgan Stanley Bank, N.A.
	 	 	127,884,615.38	  	 	 	7.307692307	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 PNC Bank, National Association
	 	 	70,000,000.00	  	 	 	4.000000000	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 Regions Bank
	 	 	47,115,384.62	  	 	 	2.692307693	% 	 	X	 		 	X	 		 		 	X	 	X	 		 	X	 	
	 TD Bank, N.A.
	 	 	100,000,000.00	  	 	 	5.714285714	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 The Bank of Tokyo Mitsubishi UFJ, Ltd.
	 	 	37,500,000.00	  	 	 	2.142857143	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 U.S. Bank National Association
	 	 	125,000,000.00	  	 	 	7.142857143	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 Wells Fargo Bank, National Association
	 	 	158,846,153.85	  	 	 	9.076923077	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
		 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 		 		 		 	
	 Total
	 	 	1,750,000,000.00	  	 	 	100.000000000	% 	 		 		 		 		 		 		 		 		 		 	
		 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 		 		 		 	


  

					
		 	2	 	Schedule 2.1









 SCHEDULE 2.1(b) 

Applicable Tranche Percentage – Euro Commitments1 

 

																									
	 Lender
	 	Commitment
(in Euro)	 	 	Applicable
Percentage	 	 	Currency Commitment2	 	Ability to Lend
to U.S.
	 	 	 	Dollars	 	Sterling	 	Yen	 	Borrowers3
	 	 	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No
	 Bank of America, N.A.
	 	 	62,191,891.85	  	 	 	8.326724888	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 The Royal Bank of Scotland plc
	 	 	54,918,750.00	  	 	 	7.352941176	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 Sumitomo Mitsui Banking Corporation
	 	 	62,191,891.85	  	 	 	8.326724888	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 JPMorgan Chase Bank, N.A.
	 	 	62,191,891.85	  	 	 	8.326724888	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 The Bank of Nova Scotia
	 	 	50,069,743.45	  	 	 	6.703719191	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 BNP Paribas
	 	 	28,726,730.77	  	 	 	3.846153846	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 Branch Banking and Trust Company
	 	 	14,363,365.39	  	 	 	1.923076924	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 Citibank, N.A.
	 	 	62,191,891.85	  	 	 	8.326724888	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 Credit Agricole Corporate and Investment Bank
	 	 	6,588,124.14	  	 	 	0.882068315	% 	 	X	 		 	X	 		 	X	 		 	X	 	

  

	1 	Exchange Rates as of April 1, 2016. 


	2 	See clause (a) of the definition of “Euro Qualified Lender”. 


	3 	See clause (b) of the definition of “Euro Qualified Lender”. 


  

					
		 	1	 	Schedule 2.1










																									
	 Lender
	 	Commitment
(in Euro)	 	 	Applicable
Percentage	 	 	Currency Commitment	 	Ability to Lend
to U.S.
	 	 	 	Dollars	 	Sterling	 	Yen	 	Borrowers
	 	 	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No
	 Goldman Sachs Bank USA
	 	 	54,580,788.47	  	 	 	7.307692309	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 HSBC Bank USA, National Association
	 	 	26,352,496.55	  	 	 	3.528273258	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 ING Bank, N.V.
	 	 	5,000,000.00	  	 	 	0.669438141	% 	 		 	X	 	X	 		 		 	X	 	X	 	
	 Lloyds Bank plc
	 	 	10,054,355.77	  	 	 	1.346153846	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 Mizuho Bank, Ltd.
	 	 	50,069,743.45	  	 	 	6.703719191	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 Morgan Stanley Bank, N.A.
	 	 	3,326,038.47	  	 	 	0.445315402	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 Morgan Stanley Senior Funding, Inc.
	 	 	51,254,750.00	  	 	 	6.862376907	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 Regions Bank
	 	 	20,108,711.53	  	 	 	2.692307691	% 	 	X	 		 	X	 		 		 	X	 	X	 	
	 The Bank of Tokyo Mitsubishi UFJ, Ltd.
	 	 	54,918,750.00	  	 	 	7.352941176	% 	 	X	 		 	X	 		 	X	 		 	X	 	
	 Wells Fargo Bank, National Association
	 	 	67,795,084.61	  	 	 	9.076923076	% 	 	X	 		 	X	 		 	X	 		 	X	 	
		 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 		 	
	 Total
	 	 	746,895,000.00	  	 	 	100.000000000	% 	 		 		 		 		 		 		 		 	
		 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 		 	


  

					
		 	2	 	Schedule 2.1









 SCHEDULE 2.1(c) 

Applicable Tranche Percentage – Yen Commitments1 

 

																																	
	 Lender
	 	Commitment
(in Yen)	 	 	Applicable
Percentage	 	 	Currency Commitment2	 	Ability to
Lend to
U.S.	 	Ability to
Lend to
Dutch	 	ABR Rate
Loan
Qualification3
	 	 	 	Dollars	 	Euro	 	Sterling	 	Borrowers4	 	Borrowers5	 	Yen Tranche
	 	 	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No
	 Bank of America, N.A., Tokyo Branch
	 	 	4,871,698,885	  	 	 	10.818304505	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 Sumitomo Mitsui Banking Corporation
	 	 	4,871,698,885	  	 	 	10.818304505	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 JPMorgan Chase Bank, N.A.
	 	 	4,871,698,885	  	 	 	10.818304505	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 The Bank of Nova Scotia
	 	 	3,922,130,458	  	 	 	8.709651932	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
	 Citibank Japan Ltd.
	 	 	4,871,698,885	  	 	 	10.818304505	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	

  

	1 	Exchange Rates as of April 1, 2016. 


	2 	See clause (a) of the definition of “Yen Qualified Lender”. 


	3 	See clause (c) of the definition of “Yen Qualified Lender”. 


	4 	See clause (b) of the definition of “Yen Qualified Lender”. 


	5 	See clause (b) of the definition of “Yen Qualified Lender” 


  

					
		 	1	 	Schedule 2.1










																																	
	 Lender
	 	Commitment
(in Yen)	 	 	Applicable
Percentage	 	 	Currency Commitment	 	Ability to
Lend to
U.S.	 	Ability to
Lend to
Dutch	 	ABR Rate
Loan
Qualification
	 	 	 	Dollars	 	Euro	 	Sterling	 	Borrowers	 	Borrowers	 	Yen Tranche
	 	 	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No	 	Yes	 	No
	 Credit Agricole Corporate and Investment Bank, Tokyo Branch
	 	 	516,069,797	  	 	 	1.146006833	% 	 	X	 		 	X	 		 	X	 		 	X	 		 		 	X	 	X	 	
	 HSBC Bank USA, National Association
	 	 	2,064,279,188	  	 	 	4.584027332	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 		 		 	X
	 ING Bank N.V., Tokyo Branch
	 	 	7,239,994,561	  	 	 	16.077443953	% 	 	X	 		 	X	 		 	X	 		 		 	X	 		 	X	 		 	X
	 Mizuho Bank, Ltd.
	 	 	3,922,130,457	  	 	 	8.709651930	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 		 		 	X
	 Sumitomo Mitsui Trust Bank Limited
	 	 	7,880,600,000	  	 	 	17.500000000	% 	 	X	 		 	X	 		 	X	 		 	X	 		 	X	 		 	X	 	
		 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 		 		 		 		 		 	
	 Total
	 	 	45,032,000,001	  	 	 	100.000000000	% 	 		 		 		 		 		 		 		 		 		 		 		 	
		 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 		 		 		 		 		 	


  

					
		 	2	 	Schedule 2.1









 SCHEDULE 2.2 

FRONTING LENDERS’ COMMITMENTS 
  

					
	 Lender
	  	Commitment	 
	 Bank of America, N.A. (or its Affiliates)
	  	$	60,000,000.00	  
	 JPMorgan Chase Bank, N.A. (or its Affiliates)
	  	$	60,000,000.00	  
	 The Royal Bank of Scotland plc (or its Affiliates)
	  	$	60,000,000.00	  
	 Sumitomo Mitsui Banking Corporation
	  	$	60,000,000.00	  
		  	  
	  
	 
	 Total
	  	$	240,000,000.00	  
		  	  
	  
	 


  

					
		 	1	 	Schedule 2.2









 SCHEDULE 2.3 

INITIAL BORROWERS 
  

															
	 Entity
	 	US
Tranche	 	Euro
Tranche	 	Yen
Tranche	 	Jurisdiction	 	 Parent and % of

Ownership
	 	FEIN	 	 Address

	 Prologis, Inc. (Guarantor)
	 	N/A	 	N/A	 	N/A	 	MD Corp.	 	N/A	 	*	 	 Pier 1, Bay 1,

San Francisco, CA 94111

								
	 Prologis, L.P.
	 	x	 	x	 	x	 	DE LP	 	Prologis, Inc.: 96.94%1	 	*	 	 Pier 1, Bay 1,

San Francisco, CA 94111

								
	 AMB Canada Investments, LLC
	 	x	 	x	 	x	 	DE LLC	 	Prologis, L.P.: 100%	 	*	 	 Pier 1, Bay 1,

San Francisco, CA 94111

								
	 PLD International Finance LLC
	 	x	 	x	 	x	 	DE LLC	 	PLD International Holding LLC: 90% PLSI: 10%	 	*	 	4545 Airport Way, Denver, CO 80239
								
	 ProLogis Logistics Services Incorporated (“PLSI”)
	 	x	 	x	 	x	 	DE
Corporation	 	 PLD-TRS Holding LLC2:

100%
	 	*	 	4545 Airport Way, Denver, CO 80239
								
	 ProLogis Finance LLC
	 	x	 	x	 	x	 	DE LLC	 	PLD International Finance LLC3: 100%	 	*	 	4545 Airport Way, Denver, CO 80239
								
	 Palmtree Acquisition Corporation
	 	x	 	x	 	x	 	DE
Corporation	 	 (a) Prologis: 80% &

(b) ProLogis Fraser, L.P.4: 20%
	 	*	 	4545 Airport Way, Denver, CO 80239
								
	 PLD Canadian Funding US LLC
	 	x	 	x	 	x	 	DE LLC	 	PLD International Finance LLC: 100%	 	*	 	4545 Airport Way, Denver, CO 80239
								
	 Prologis Japan LLC
	 	x	 	x	 	x	 	DE LLC	 	AMB Asia, LLC: 100%	 	*	 	4545 Airport Way, Denver, CO 80239

  

	1 	This percentage fluctuates. 


	2 	(a) 61.15% held by Prologis and (b) 38.85% by PAC Operating Limited Partnership, whose general partner is Palmtree Acquisition Corporation, which is held 80% by Prologis and 20% by ProLogis Fraser, L.P.



	3 	(a) 10% held by PLSI and (b) 90% by PLD International Holding LLC, which is held 100% by Prologis. 


	4 	(a) 92.269% by Prologis and (b) .932% by ProLogis Fraser GP LLC, which is held 100% by Prologis. 


	* 	Purposefully omitted. 


  

					
		 	1	 	Schedule 2.3










															
	 Entity
	 	US
Tranche	 	Euro
Tranche	 	Yen
Tranche	 	Jurisdiction	 	 Parent and % of

Ownership
	 	FEIN	 	 Address

	 Prologis Europe Finance II B.V.
	 	x	 	x	 	x	 	Dutch BV	 	PLD International Finance LLC: 100%	 	*	 	Schiphol Boulevard 115, Tower F, 6th Floor, 1118 BG Schiphol, Netherlands
								
	 ProLogis UK Funding II B.V.
	 	x	 	x	 	x	 	Dutch BV	 	Prologis Europe Finance B.V.: 100%	 	*	 	Schiphol Boulevard 115, Tower F, 6th Floor, 1118 BG Schiphol, Netherlands
								
	 Prologis Marunouchi Finance Investment Limited Partnership
	 	 ̈	 	 ̈	 	x	 	Japanese LP	 	Prologis LPS Finance YK, as general partner,5 & Prologis Property Japan Inc. Japan Branch, as limited
partner6 : 100%	 	*	 	4545 Airport Way, Denver, CO 80239
								
	 ProLogis Japan Finance Investment Limited Partnership
	 	 ̈	 	 ̈	 	x	 	Japanese LP	 	 Prologis LPS Finance Two YK, as general partner, & ProLogis Tokyo Finance GK, as limited partner:

100%
	 	*	 	4545 Airport Way, Denver, CO 80239

  

	5 	100% held by Prologis Property Japan Inc. 


	6 	100% held by Prologis Property Japan Inc. 


	* 	Purposefully omitted. 


  

					
		 	2	 	Schedule 2.3









 SCHEDULE 2.4 

EXISTING LETTERS OF CREDIT 

2.4(a) 
 U.S. EXISTING
LETTERS OF CREDIT 
 AS OF JULY 11, 2013 

Purposefully omitted. 







 2.4(b) 

EURO EXISTING LETTERS OF CREDIT 

Purposefully omitted. 







 2.4(c) 

YEN EXISTING LETTERS OF CREDIT 

NONE. 

  

					
		 	1	 	Schedule 2.4









 SCHEDULE 6.12 

PRE-APPROVED REALLOCATIONS 
  

							
	 Lender
	 	Amount of Pre-
Approved
Reallocations	 	 Current Tranches
	 	 Available Tranches

for Reallocation

	 Bank of America, N.A. (together with its Affiliates)
	 	0	 	U.S., Canadian, Euro, and Yen	 	U.S., Canadian, Euro, and Yen
	 Sumitomo Mitsui Banking Corporation (together with its Affiliates)
	 	0	 	U.S., Canadian, Euro, and Yen	 	U.S., Canadian, Euro, and Yen
	 JPMorgan Chase Bank, N.A. (together with its Affiliates)
	 	0	 	U.S., Canadian, Euro, and Yen	 	U.S., Canadian, Euro, and Yen
		 	  
	 		 	
	 Total
	 	0	 		 	
		 	  
	 		 	

  

	*	Provided that the amount of the Pre-Approved Reallocation for a Lender and its Affiliates shall not exceed, as of any date of determination, the Dollar Equivalent aggregate amount of such Lender’s and its
Affiliate’s Commitments under each of the applicable Tranches. 


  

					
		 	1	 	Schedule 6.12









 SCHEDULE 8.1 

OPINIONS 
  

			
	 Tranche
	  	 Law Firms Providing Opinions

	U.S. Tranche	  	Mayer Brown LLP
	Euro Tranche	  	Linklaters LLP
	Yen Tranche	  	Anderson, Mōri & Tomotsune


  

					
		 	1	 	Schedule 8.1









 SCHEDULE 9.6 

LITIGATION 
 Clause (a) of Section
9.6: None. 
 Clause (b) of Section 9.6: None. 

  

					
		 	1	 	Schedule 9.6









 SCHEDULE 9.9 

ENVIRONMENTAL MATTERS 

None. 

  

					
		 	1	 	Schedule 9.9









 SCHEDULE 14.2 

AGENT’S OFFICE; 

CERTAIN ADDRESSES FOR NOTICES 

Purposefully omitted. 







 EXHIBIT A-1 

FORM OF U.S. COMMITTED LOAN NOTICE 

Date:             ,
         
  

	To:	Bank of America, N.A., as U.S. Funding Agent 

 Ladies and Gentlemen: 

Please refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Prologis, L.P. (the “Company”), certain Affiliate Borrowers from time to time party
thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, and Bank of America, N.A., as Global Administrative Agent and various other capacities, and such other Agents named therein. 

The jurisdiction of organization or formation, as applicable, of the Borrower listed below is
                    , and the Borrower [is] [is not] a Foreign Borrower with respect to the U.S. Tranche. The Borrower hereby
requests (select one): 
  ̈  A U.S. Committed Borrowing of U.S. Committed Loans. 

 ̈  A conversion or continuation of U.S. Committed Loans that currently are [currency and Type of
existing U.S. Committed Loans to be converted or continued][with an Interest Period ending on                     .] 

 

	1.	On                      (a Business Day). 


 

	2.	In the aggregate amount of                     . 


 

	3.	Comprised of                     . 


[Type of U.S. Committed Loans requested] 
  

	4.	In the following currency:                             .


  

	5.	For Eurocurrency Rate Loans: with an Interest Period of              days/months. 


 

	6.	For CDOR Rate Loans: with an Interest Period of              days/months. 


The U.S. Committed Borrowing, if any, requested herein complies with the provisos to the first sentence of Section 2.1 of the Agreement. 

 

			
	U.S. BORROWER:
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  

					
		 	1	 	Exhibit A-1









 EXHIBIT A-2 

FORM OF EURO COMMITTED LOAN NOTICE 

Date:             ,
         
  

	To:	The Royal Bank of Scotland plc, as Euro Funding Agent 

 Ladies and Gentlemen: 

Please refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Prologis, L.P. (the “Company”), certain Affiliate Borrowers from time to time party
thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, and Bank of America, N.A., as Global Administrative Agent and various other capacities, and such other Agents named therein. 

The jurisdiction of organization or formation, as applicable, of the Borrower listed below is
                    , and the Borrower [is] [is not] a Foreign Borrower with respect to the Euro Tranche. The Borrower listed below
hereby requests (select one): 
  ̈  A Euro Committed Borrowing of Euro Committed Loans. 

 ̈  A continuation of Euro Committed Loans. 

 

	1.	On                      (a Business Day). 


 

	2.	In the aggregate amount of                     . 


 

	3.	In the following currency:                     . 


 

	4.	Eurocurrency Rate Loans: with an Interest Period of              days/months. 


The Euro Committed Borrowing, if any, requested herein complies with the provisos to the first sentence of Section 3.1 of the Agreement. 

 

			
	EURO BORROWER:
		
	By:	 	  

	Name:	 	
	Title:	 	



  

					
		 	1	 	Exhibit A-2









 EXHIBIT A-3 

FORM OF YEN COMMITTED LOAN NOTICE 

Date:             ,         

  

	To:	Sumitomo Mitsui Banking Corporation, as Yen Funding Agent 

 Ladies and Gentlemen: 

Please refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Prologis, L.P. (the “Company”), certain Affiliate Borrowers from time to time party
thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, and Bank of America, N.A., as Global Administrative Agent and various other capacities, and such other Agents named therein. 

The jurisdiction of organization or formation, as applicable, of the Borrower listed below is
                    , and the Borrower [is] [is not] a Foreign Borrower with respect to the Yen Tranche. The Borrower listed below
hereby requests (select one): 
  ̈  A Yen Committed Borrowing of Yen Committed Loans. 

 ̈  A conversion or continuation of Yen Committed Loans that currently are [currency and Type of
existing Yen Committed Loans to be converted or continued][with an Interest Period ending on                     .] 

 

	1.	On                      (a Business Day). 


 

	2.	In the aggregate amount of                     . 


 

	3.	Comprised of                     . 


[Type of Yen Committed Loans requested] 
  

	4.	In the following currency:
                                . 


 

	5.	For Eurocurrency Rate Loans: with an Interest Period of              days/months. 


The Yen Committed Borrowing, if any, requested herein complies with the provisos to the first sentence of Section 4.1 of the Agreement. 

 

			
	YEN BORROWER:
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  

					
		 	1	 	Exhibit A-3









 EXHIBIT B-1 

FORM OF U.S. SWING LINE LOAN NOTICE 

Date:             ,         

  

	To:	[Bank of America, N.A., as a U.S. Swing Line Lender and U.S. Funding Agent] 

 [JPMorgan Chase
Bank, N.A., as a U.S. Swing Line Lender; and 
 Bank of America, N.A., as U.S. Funding Agent] 

Ladies and Gentlemen: 
 Please refer to the Amended and Restated
Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein
defined), among Prologis, L.P. (the “Company”), certain Affiliate Borrowers from time to time party thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, and Bank of America, N.A., as Global
Administrative Agent and various other capacities, and such other Agents named therein. 
 The undersigned hereby requests a U.S. Swing Line Loan from [Bank
of America, N.A.] [JPMorgan Chase Bank, N.A.]: 
  

	1.	On                      (a Business Day). 


 

	2.	In the amount of $         . 

 The U.S. Swing Line Borrowing
requested herein complies with the requirements of the provisos to the first sentence of Section 2.5.1 of the Agreement. 
  

			
	U.S. BORROWER:
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  

					
		 	1	 	Exhibit B-1









 EXHIBIT B-2 

FORM OF EURO SWING LINE LOAN NOTICE 

Date:             ,         

  

	To:	The Royal Bank of Scotland plc, as Euro Swing Line Lender and Euro Funding Agent 

 Ladies and Gentlemen: 

Please refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Prologis, L.P. (the “Company”), certain Affiliate Borrowers from time to time party
thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, and Bank of America, N.A., as Global Administrative Agent and various other capacities, and such other Agents named therein. 

The undersigned hereby requests a Euro Swing Line Loan: 
  

	1.	On                      (a Business Day). 


 

	2.	In the amount of                     . 


 

	3.	In the following currency:   ̈  Euro or   ̈  Sterling. 


The Euro Swing Line Borrowing requested herein complies with the requirements of the provisos to the first sentence of Section 3.5.1 of the Agreement.

  

			
	EURO BORROWER:
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  

					
		 	1	 	Exhibit B-2









 EXHIBIT C 

FORM OF COMPLIANCE CERTIFICATE 

Financial Statement Date:             ,
         
  

	To:	Bank of America, N.A., as Global Administrative Agent 

 Ladies and Gentlemen: 

Please refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Prologis, L.P. (“Prologis”), certain Affiliate Borrowers from
time to time party thereto, Prologis, Inc., as guarantor (“General Partner”), the Lenders from time to time party thereto, and Bank of America, N.A., as Global Administrative Agent and various other capacities, and such other Agents
named therein. 
 The undersigned Responsible Officer hereby certifies as of the date hereof that he/she is the
                                 of General Partner, and that, as such, he/she is
authorized to execute and deliver this Certificate to Global Administrative Agent on the behalf of General Partner, for itself and as general partner of Prologis, and that: 

[Use following paragraph 1 for fiscal year-end financial statements] 

1. Attached hereto as Schedule 1-A are the year-end audited financial statements required by Section 10.1(a)(i) of the
Agreement for the fiscal year of General Partner ended as of the Financial Statement Date, together with the report and opinion of an independent certified public accountant required by such section. Attached hereto as Schedule 1-B are the
year-end audited financial statements required by Section 10.1(a)(ii) of the Agreement for the fiscal year of Prologis ended as of the Financial Statement Date, together with the report and opinion of an independent
certified public accountant required by such section. 
 [Use following paragraph 1 for fiscal quarter-end financial
statements] 
 1. Attached hereto as Schedule 1-A are the unaudited financial statements required by Section 10.1(b)(i)
of the Agreement for the fiscal quarter of General Partner ended as of the Financial Statement Date. Such financial statements fairly present the financial condition, results of operations, shareholders’ equity and cash flows of General Partner
and its Consolidated Subsidiaries in accordance with GAAP as at the Financial Statement Date and for the period then ending, subject only to normal year-end audit adjustments and the absence of footnotes. Attached hereto as Schedule 1-B are
the unaudited financial statements required by Section 10.1(b)(ii) of the Agreement for the fiscal quarter of Prologis ended as of the Financial Statement Date. Such financial statements fairly present the financial
condition, results of operations, shareholders’ equity and cash flows of Prologis and its Consolidated Subsidiaries in accordance with GAAP as at the Financial Statement Date and for the period then ending, subject only to normal year-end audit
adjustments and the absence of footnotes. 
 2. The undersigned has reviewed and is familiar with the terms of the Agreement and has made, or has caused to
be made under his/her supervision, a detailed review of the condition (financial or otherwise) of the Companies as of the Financial Statement Date and for the accounting period then ended with the purpose of determining whether the Companies were in
compliance with the Agreement as of the Financial Statement Date, and 

  

					
		 	1	 	Exhibit C









 [select one:] 

[to the best knowledge of the undersigned, no Default existed on such date.] 

—or— 

[the following is a list of Defaults that, to the best knowledge of the undersigned, existed on such date, together with a description of
the nature and status of each such Default:] 
 3. The financial covenant analyses and information set forth on Schedule 2 attached hereto are
true and accurate on and as of the date of this Certificate. 
 IN WITNESS WHEREOF, the undersigned has executed this Certificate as of
            ,         . 
  

					
	PROLOGIS, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PROLOGIS, L.P.
		
	By:	 	PROLOGIS, INC., General Partner
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  




  

					
		 	2	 	Exhibit C









 For the Quarter/Year ended
                     (“Statement Date”) 

SCHEDULE 1-A 
 to the
Compliance Certificate 
 Financial Statements 

  

					
		 	1	 	Exhibit C – Schedule 1-A









 SCHEDULE 1-B 

to the Compliance Certificate 

Financial Statements 

  

					
		 	1	 	Exhibit C – Schedule 1-B









 For the Quarter/Year ended
                     (“Statement Date”) 

SCHEDULE 2 
 to the
Compliance Certificate ($ in 000’s) 
 The following covenant computations, together with the supporting schedules attached hereto, are
true and correct: 
  

									
	a.	  	Consolidated Leverage Ratio.	  				  	
				
		  	Indebtedness of the Companies1	  	$	                    	  	  	(1)
				
		  	Total Asset Value2	  	$	                    	  	  	(2)
				
		  	Ratio of (1) to (2)	  	 	                    	  	  	
				
		  	Permitted Maximum	  	 	0.60 to 1.00	3 	  	
				
	b.	  	Fixed Charge Coverage Ratio. 4	  				  	
				
		  	Adjusted EBITDA	  	$	                    	  	  	(1)
				
		  	Capital Expenditures	  	$	                    	  	  	(2)
				
		  	Subtotal (1) - (2)	  	$	                    	  	  	(3)
				
		  	Debt Service	  	$	                    	  	  	(4)
				
		  	Preferred Dividends	  	$	                    	  	  	(5)
				
		  	Subtotal (4) + (5)	  	$	                    	  	  	(6)
				
		  	Ratio of (3) to (6)	  	 	                    	  	  	
				
		  	Required Minimum	  	 	1.50 to 1.00	  	  	

  

	1 	Adjusted by deducting therefrom an amount equal to the lesser of (i) total Indebtedness of the Companies that by its terms is scheduled to mature on or before the date that is 24 months from the date of calculation and
(ii) Unrestricted Cash of the Companies. 


	2 	Adjusted by deducting therefrom the amount by which total Indebtedness is adjusted. 


	3 	As of the last day of the four fiscal quarters immediately following any Material Acquisition, such ratio may exceed 0.60 to 1.0 so long as it does not exceed 0.65 to 1.00. 


	4 	Calculated for the four fiscal quarters ending on the date of determination. 


  

					
		 	1	 	Exhibit C – Schedule 2










									
	c.	  	Unencumbered Debt Service Coverage Ratio.5	  				 	
				
		  	NOI of Unencumbered Properties (see Schedule 3)6	  	$	                    	  	 	(1)
				
		  	Management fees of the Companies less related expenses 7	  	$	                    	  	 	(2)
				
		  	Allowed Unconsolidated Affiliate Earnings8	  	$	                    	  	 	(3)
				
		  	Subtotal of (1) + (2) + (3)	  	$	                    	  	 	(4)
				
		  	Less the amount by which (2) + (3) exceeds 40% of (4)	  	$	                    	  	 	(5)
				
		  	Unencumbered NOI (Subtotal of (4) – (5))	  	$	                    	  	 	(6)
				
		  	Unencumbered Capital Expenditures9	  	$	                    	  	 	(7)
				
		  	Subtotal (6) - (7)	  	$	                    	  	 	(8)
				
		  	Unencumbered Debt Service	  	$	                    	  	 	(9)
				
		  	Ratio of (8) to (9)	  	 	                    	  	 	
				
		  	Required Minimum	  	 	1.50 to 1.00	  	 	
				
	d.	  	Secured Indebtedness.	  				 	
				
		  	Secured Debt of the Companies	  	$	                    	  	 	
				
		  	Total Asset Value	  	$	                    	  	 	
				
		  	Percentage of Secured Debt over Total Asset Value	  	 	                    	% 	 	
				
		  	Maximum Permitted	  	 	40	% 	 	

  

 

	5 	Calculated for the four fiscal quarters ending on the date of determination. 


	6 	Not subject to any Lien (other than Permitted Liens). 


	7 	Not subject to any Lien (other than Permitted Liens). 


	8 	Not subject to any Lien (other than Permitted Liens). 


	9 	Except for Unencumbered Properties where the tenant is responsible for capital expenditures. 


  

					
		 	2	 	Exhibit C – Schedule 2










									
	e.	  	Restricted Payments.	  				  	
				
		  	Funds from Operations	  	$	                    	  	  	(1)
				
		  	95% of (1)	  	$	                    	  	  	(2)
				
		  	Amount of Restricted Payments required to be paid in order for Prologis to eliminate its REIT taxable income and/or to maintain its status as a REIT	  	$	                    	  	  	(3)
				
		  	Permitted Maximum (greater of (2) and (3))	  	$	                    	  	  	   (4)10
				
		  	Aggregate cash dividends and other cash distributions	  	$	                    	  	  	 (not to exceed (4) if

a Default exists)


 Date:
                     
  

 

	10 	Excluding Restricted Payments otherwise permitted by Section 11.3 of the Agreement. 


  

					
		 	3	 	Exhibit C – Schedule 2









 For the Quarter/Year ended
                     (“Statement Date”) 

SCHEDULE 3 
 to the
Compliance Certificate ($ in 000’s) 
 Detailed Calculation of NOI of Unencumbered Properties 

  

					
		 	1	 	Exhibit C – Schedule 3









 EXHIBIT D 

ASSIGNMENT AND ASSUMPTION 
 This
Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name
of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the respective meanings given to them in the Agreement (as defined below), receipt of a copy of which is hereby acknowledged by the
Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from
the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Agreement, as of the Effective Date inserted by the applicable Funding Agent as contemplated below, (i) all of the Assignor’s rights and obligations as a
Lender under the Agreement and any document or instrument delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective
Tranches identified below (including, without limitation, the Letters of Credit and the Swing Line Loans included in such facilities1) and (ii) to the extent permitted to be assigned under
applicable law, all claims, suits, causes of action and other rights of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Agreement, any other documents or instruments
delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at
law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned
Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 

 

	1.	Assignor:     
                                 


 

	2.	Assignee:     
                                 [and is an Affiliate of [identify Lender]2] 

  

	3.	Borrower(s):                                 


  

	4.	Global Administrative Agent: Bank of America, N.A., as the global administrative agent under the Agreement 

  

	5.	Applicable Funding Agent:
                                  


 
  

	1 	Include all applicable subfacilities. 


	2 	Select as applicable. 


  

					
		 	1	 	Exhibit D









 6. Agreement: Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended,
restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Prologis, L.P. (the “Company”), certain
Affiliate Borrowers from time to time party thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, Bank of America, N.A., as Global Administrative Agent, U.S. Funding Agent, a U.S. Swing Line Lender, and a U.S. L/C
Issuer, The Royal Bank of Scotland plc, as Euro Funding Agent and Euro Swing Line Lender, and Sumitomo Mitsui Banking Corporation, as Yen Funding Agent and a Yen L/C Issuer. 

7. Assigned Interest: 
  

											
	 TRANCHE

ASSIGNED
	  	AGGREGATE AMOUNT OF
COMMITMENT/LOANS FOR ALL
APPLICABLE TRANCHE LENDERS	 	  	AMOUNT OF
COMMITMENT/LOANS	 	  	CUSIP
NUMBER
		  	$	                    	  	  	$	                    	  	  	
		  	$	                    	  	  	$	                    	  	  	
		  	$	                    	  	  	$	                    	  	  	

 [8. Trade Date:
                    ]3 

9. Qualifications. Annex 2 attached hereto sets forth the specific qualifications of the Assignee. 

Effective Date:             , 20     [TO BE INSERTED BY THE
APPLICABLE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and
Assumption are hereby agreed to: 
  

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

	Name:	 	  

	Title:	 	  



  
  

	3 	To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. 


  

					
		 	2	 	Exhibit D










			
	[Consented to and]4 Accepted:
	
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[Consented to:]5
	
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  


  

					
	[Consented to:]6
	
	PROLOGIS, L.P.
		
	By:	 	PROLOGIS, INC., General Partner
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  


  
  

	4 	To be added only if the consent of the applicable Agent is required by the terms of the Credit Agreement. 


	5 	To be added only if the consent of Swing Line Lenders, L/C Issuers or Fronting Lenders is required by the terms of the Credit Agreement. 


	6 	To be added only if the consent of the Company is required by the terms of the Credit Agreement. 


  

					
		 	3	 	Exhibit D









 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

PROLOGIS AMENDED AND RESTATED GLOBAL SENIOR CREDIT AGREEMENT 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1. Representations
and Warranties. 
 1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the
Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and
to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Agreement or any other Loan Document, (ii) the execution,
legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Company, any of its Subsidiaries or Affiliates or any other Person obligated in respect of
any Loan Document or (iv) the performance or observance by the Company, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. 

1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Agreement, (ii) it meets all requirements of an Eligible Qualified Institution under the
Agreement (subject to receipt of such consents as may be required under the Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Agreement as a Lender thereunder and, to the extent of the Assigned Interest,
shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Agreement, together with copies of the most recent financial statements delivered pursuant to Section 10.1 thereof, as applicable, and such other documents
and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently
and without reliance on any Agent or any other Lender, and (v) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Agreement, duly completed and executed by the Assignee; and
(b) agrees that (i) it will, independently and without reliance on any Agents, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

2. Payments. From and after the Effective Date, the applicable Agent shall make all payments in respect of the Assigned Interest (including
payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. 

3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective
successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption
by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York. 

  

					
		 	1	 	Exhibit D – Annex 1









 ANNEX 2 TO ASSIGNMENT AND ASSUMPTION 

PROLOGIS AMENDED AND RESTATED GLOBAL SENIOR CREDIT AGREEMENT 
  

	I.	Alternative Currency Qualifications (complete for each assigned Tranche): 

 1. Assignee represents and
warrants to U.S. Funding Agent that it can provide U.S. Committed Loans in each of the following Alternative Currencies marked as “Available” under the U.S. Tranche: 

 

							
	 Canadian Dollars
	 	 Euro
	 	 Sterling
	 	 Yen

	Available / Not Available	 	Available / Not Available	 	Available / Not Available	 	Available / Not Available

 2. Assignee represents and warrants to Euro Funding Agent that it can provide Euro Committed Loans in each of the following
Alternative Currencies marked as “Available” under the Euro Tranche: 
  

					
	 Dollars
	 	 Sterling
	 	 Yen

	Available / Not Available	 	Available / Not Available	 	Available / Not Available

 3. Assignee represents and warrants to Yen Funding Agent that it can provide Yen Committed Loans in each of the following
Alternative Currencies marked as “Available” under the Yen Tranche: 
  

					
	 Dollars
	 	 Euro
	 	 Sterling

	Available / Not Available	 	Available / Not Available	 	Available / Not Available

  

	II.	Foreign Borrower Qualifications (complete for each assigned Tranche): 

 1. Assignee represents and
warrants to U.S. Funding Agent that it can provide U.S. Committed Loans in each of the following jurisdictions marked as “Available” under the U.S. Tranche without the imposition of any withholding tax: 

 

			
	The Netherlands	  	Japan
		
	Available / Not Available	  	Available / Not Available

 2. Assignee represents and warrants to Euro Funding Agent that it can provide Euro Committed Loans in each of the following
jurisdictions marked as “Available” under the Euro Tranche without the imposition of any withholding tax: 
  

			
	United States	  	Japan
		
	Available / Not Available	  	Available / Not Available


  

					
		 	1	 	Exhibit D – Annex 2









 3. Assignee represents and warrants to Yen Funding Agent that it can provide Yen Committed Loans in each of the
following jurisdictions marked as “Available” under the Yen Tranche without the imposition of any withholding tax: 
  

			
	United States	  	The Netherlands
		
	Available / Not Available	  	Available / Not Available

  

	III.	Yen Lender Representation Regarding ABR Rate Loans: 

 [select one:] 

[1. Assignee represents and warrants to Yen Funding Agent that it is an institution from which a Borrower may borrow ABR Rate Loans under the Yen
Tranche.] 
 [1. Assignee represents and warrants to Yen Funding Agent that it is not an institution from which a Borrower may borrow ABR Rate Loans
under the Yen Tranche.] 
  

	IV.	Non-Qualified Japan Lender: 

 [select one:] 

[1. Assignee represents and warrants to the applicable Funding Agents that it is a Non-Qualified Japan Lender.] 

[1. Assignee represents and warrants to the applicable Funding Agents that it is Not a Non-Qualified Japan Lender.] 

  

					
		 	2	 	Exhibit D – Annex 2









 EXHIBIT E 

FORM OF SUPPLEMENTAL ADDENDUM 

Date:             ,         

  

	To:	The Lender under the Supplemental Tranche (as defined below) 

 Ladies and Gentlemen: 

Please refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Prologis, L.P. (the “Company”), certain Affiliate Borrowers from time to time party
thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, and Bank of America, N.A., as Global Administrative Agent, as Global Administrative Agent and various other capacities, and such other Agents named therein. 

Pursuant to Section 6.14 of the Agreement, Prologis hereby requests a Supplemental Tranche (the “Supplemental Tranche”) on the terms
and conditions set forth below: 
  

	1.	A Supplemental Tranche with aggregate commitments from the Supplemental Lender in Foreign Equivalent amount of $        . 


 

	2.	The Primary Currency of such Supplemental Tranche shall be                     . 


 

	3.	The Alternative Currencies with respect to such Supplemental Tranche shall be                     .


  

	4.	The Supplemental Tranche shall have the following subfacilities: 

  

	 	 ̈  A Supplemental	Letter of Credit subfacility in the maximum amount of $        . 

  

	 	 ̈  A Supplemental	Swing Line subfacility in the maximum amount of $        . 

  

	5.	The Facility Fee for such Supplemental Tranche shall be     %. 

  

	6.	Such Supplemental Tranche shall be repaid as follows:                     . 


 

	7.	Pursuant to Section 6.1, the minimum amount for Borrowings and repayments of such Supplemental Tranche shall be as follows:
                    . 

  

	8.	Pursuant to Section 6.2, the minimum amount for termination and reductions of such Supplemental Tranche shall be as follows:
                    . 

  

	9.	Pursuant to Section 6.4, such Supplemental Tranche shall bear interest at follows:


                       
                                         
                                         
                               . 

 

	10.	The definitions listed on Annex A part 1 hereto shall have the following meanings for purposes of this Supplemental Tranche, and the definitions under Annex A part 2 are hereby amended in their entirety
for the purpose of this Supplemental Tranche. 

  

	11.	Prologis confirms that the conditions set forth in Sections 6.13 and 6.14 have been satisfied. 


  

					
		 	1	 	Exhibit E









 THIS SUPPLEMENTAL ADDENDUM SHALL CONSTITUTE A LOAN DOCUMENT UNDER THE CREDIT AGREEMENT AND SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Addendum
to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written. 
  

					
	PROLOGIS, L.P.
		
	By:	 	PROLOGIS, INC., General Partner
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	PROLOGIS, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  

					
		 	2	 	Exhibit E









 ANNEX A 

DEFINED TERMS 
 Part 1 (delete from
this Addendum any terms not defined in this Addendum): 
 “Supplemental Aggregate Commitments” means
                                . 

“Supplemental Borrowers” means
                                . 

“Supplemental Commitments” means
                                . 

“Supplemental Committed Borrowing” means
                                . 

“Supplemental Committed Loan” means
                                . 

“Supplemental Committed Loan Notice” means
                                . 

“Supplemental Funding Agent” means
                                . 

“Supplemental Funding Agent’s Office” means
                                . 

“Supplemental L/C Obligations” means
                                . 

“Supplemental Lenders” means
                                . 

“Supplemental Letter of Credit Fee” means
                                . 

“Supplemental Letters of Credit” means
                                . 

“Supplemental Letters of Credit Issuer” means
                                . 

“Supplemental Letter of Credit Sublimit” means
                                . 

“Supplemental Loans” means
                                . 

“Supplemental Note means
                                . 

“Supplemental Outstanding Amount” means
                                . 

“Supplemental Rate Loan” means
                                . 

“Supplemental Required Lenders” means
                                . 

“Supplemental Swing Line Borrowing” means
                                . 

“Supplemental Swing Line Lender” means
                                . 

“Supplemental Swing Line Loans” means
                                . 

  

					
		 	1	 	Exhibit E – Annex A









 Part 2 (delete from this Addendum any terms not amended): 

“Applicable Tranche Percentage” means: (f)
                                 

“Eurocurrency Rate” means, for any Interest Period with respect to: (d)
                                 

“Interest Payment Date” means (d)
                                 

  

					
		 	2	 	Exhibit E – Annex A









 EXHIBIT F 

FORM OF BORROWER ACCESSION AGREEMENT 

Date:             ,         

  

	To:	                    , as             
Funding Agent 

 Please refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as
amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined), among Prologis, L.P. (the
“Company”), certain Affiliate Borrowers from time to time party thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, and Bank of America, N.A., as Global Administrative Agent and various other
capacities, and such other Agents named therein. 
 The Company and
[                    ] (“Eligible Affiliate”) agree as follows: 

 

	1.	The terms defined in the Credit Agreement shall, unless otherwise defined herein, have the same meanings in this Borrower Accession Agreement (this “Agreement”). 


 

	2.	Subject to satisfaction of the conditions precedent set forth in Section 6.11 of the Credit Agreement, Eligible Affiliate shall become an Affiliate Borrower under the
[                    ] Tranche(s). 

  

	3.	Eligible Affiliate is a [type of entity] duly organized under the laws of [name of relevant jurisdiction]. 

  

	4.	Eligible Affiliate confirms that it has received from the Company a true and up-to-date copy of the Credit Agreement. 

  

	5.	Eligible Affiliate undertakes, upon its becoming a Borrower, to perform all the obligations expressed to be undertaken under the Credit Agreement by an Affiliate Borrower and agrees that it shall be bound by the Credit
Agreement in all respects as if it had been an original party thereto as an Affiliate Borrower. 

  

	6.	Prologis: 

  

	 	(a)	confirms that the representations and warranties of a continuing nature contained in the Credit Agreement are true and correct in all material respects, with the same force and effect as though made on the date hereof
(unless they speak to a different date or are based on facts which have changed by transactions contemplated or permitted by the Credit Agreement); and 

  

	 	(b)	confirms that no Default or Event of Default is continuing or would occur as a result of Eligible Affiliate becoming an Affiliate Borrower. 


 

	7.	Eligible Affiliate makes the representations and warranties set out in Section IX of the Credit Agreement (to the extent applicable thereto). 


  

					
		 	1	 	Exhibit F










	8.	Administrative details for Eligible Affiliate are as follows: 

 Address:
                      

                          
                   

                          
                   
 Fax No.:
                      
  

	9.	This Agreement shall be governed by New York law. 

  

	[10.	Eligible Affiliate is a Short Term Affiliate Borrower and agrees to assume [EUR/$/other currency] of the principal amount of the outstanding [Tranche] Loans to [Name of Borrower that has debt that will be assumed by
Eligible Affiliate] consisting of [                    ] Loans [with an Interest Period ending on
                    ], which principal amount shall be paid within thirty (30) days after the date of the effectiveness hereof.]


  

					
	PROLOGIS, L.P.
		
	By:	 	PROLOGIS, INC., General Partner
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	PROLOGIS, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[NEW AFFILIATE BORROWER]
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  

					
		 	2	 	Exhibit F









 EXHIBIT G 

JOINDER AGREEMENT 
 Please
refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined
therein being used herein as therein defined), among Prologis, L.P. (the “Company”), certain Affiliate Borrowers from time to time party thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, and Bank of
America, N.A., as Global Administrative Agent and various other capacities, and such other Agents named therein. 
 Pursuant to
Section 6.13 of the Agreement, the undersigned hereby agrees that it shall be a party to the Agreement as a “Subsequent Lender” under the
[                    ] Tranche(s) ([each an/the] “Applicable Tranche”) and shall have the rights and obligations of a Lender
under the Loan Documents. 
 The undersigned (a) represents and warrants that (i) it has full power and authority, and has taken all action
necessary, to execute and deliver this Joinder Agreement and to consummate the transactions contemplated hereby and to become a Subsequent Lender under the Agreement, (ii) it meets all requirements of Lender under the Agreement (subject to receipt
of such consents as may be required under the Agreement) and under [each/the] Applicable Tranche, (iii) it has received a copy of the Agreement, together with copies of the most recent financial statements delivered pursuant to
Section 10.1 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Joinder Agreement on the basis of which it has made
such analysis and decision independently and without reliance on Global Administrative Agent or any other Lender, and (iv) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the
Agreement, duly completed and executed by the undersigned; and (b) agrees that (i) it will, independently and without reliance on Global Administrative Agent or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are
required to be performed by it as a Lender. 
 This Joinder Agreement shall be binding upon, and inure to the benefit of, the parties hereto
and their respective successors and assigns. This Joinder Agreement may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Joinder
Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Joinder Agreement. This Joinder Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 

[Signature Page Follows.] 

  

					
		 	1	 	Exhibit G









 IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of the
         day of             , 20    . 

 

			
	SUBSEQUENT LENDER
	[NAME OF SUBSEQUENT LENDER]
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  

					
		 	1	 	Exhibit G









 EXHIBIT H 

INCREASE CERTIFICATE 

Please refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Prologis, L.P. (the “Company”), certain Affiliate Borrowers
from time to time party thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, and Bank of America, N.A., as Global Administrative Agent and various other capacities, and such other Agents named therein. 

Pursuant to Section 6.13 of the Agreement, the undersigned hereby agrees and consents to an increase in its
[                    ] Commitment. After giving effect to such increase, the
[                    ] Commitment of the undersigned will equal $        . 

This Increase Certificate shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and
assigns. This Increase Certificate may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Increase Certificate by telecopy shall be
effective as delivery of a manually executed counterpart of this Increase Certificate. This Increase Certificate shall be governed by, and construed in accordance with, the laws of the State of New York. 

[Signature Page Follows.] 

  

					
		 	1	 	Exhibit H









 IN WITNESS WHEREOF, the undersigned has executed this Increase Certificate as of the
         day of             , 20    . 

 

			
	INCREASING LENDER
	[NAME OF INCREASING LENDER]
		
	By:	 	  

	Name:	 	  

	Title:	 	  




  

					
		 	1	 	Exhibit H









 EXHIBIT J-1 

FORM OF EURO BID REQUEST 
  

	To:	The Royal Bank of Scotland PLC., as Euro Funding Agent 

 Ladies and Gentlemen: 

Please refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Prologis, L.P. (the “Company”), certain Affiliate Borrowers from time to time party
thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, Bank of America, N.A., as Global Administrative Agent and in various other capacities, and the other Agents named therein. 

The Euro Lenders are invited to make Euro Bid Loans: 
  

	 	1.	On                              (a Business Day). 


 

	 	2.	In an aggregate amount not exceeding EUR                      (with any sublimit set forth below).


  

	 	3.	Comprised of (select one): 

  

							
	 ̈	  	Bid Loans based on an Absolute Rate	  	 ̈	  	Bid Loans based on Eurocurrency [Base] Rate

  

					
	 Bid Loan

No.
	  	 Interest Period

requested
	  	Maximum principal
amount requested
	 1
	  	             days/mos	  	EUR                     
	 2
	  	             days/mos	  	EUR                     
	 3
	  	             days/mos	  	EUR                     

 The Euro Bid Borrowing requested herein complies with the requirements of the proviso to the first sentence of
Section 3.7 of the Agreement. 
 Borrower authorizes Euro Funding Agent to deliver this Euro Bid Request to the Euro
Lenders. Responses by the Euro Lenders must be in substantially the form of Exhibit K-1 to the Agreement and must be received by Euro Funding Agent by the time specified in Section 3.7 of the Agreement for submitting Euro Competitive
Bids. 
  

			
	[EURO BORROWER]
		
	By:	 	  

	Name:	 	  

	Title:	 	  



  

					
		 	1	 	Exhibit J-1









 EXHIBIT J-2 

FORM OF U.S. BID REQUEST 
  

	To:	Bank of America, N.A., as U.S. Funding Agent 

 Ladies and Gentlemen: 

Please refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Prologis, L.P. (the “Company”), certain Affiliate Borrowers from time to time party
thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, Bank of America, N.A., as Global Administrative Agent and in various other capacities, and the other Agents named therein. 

The U.S. Lenders are invited to make U.S. Bid Loans: 
  

	 	1.	On                              (a Business Day). 


 

	 	2.	In an aggregate amount not exceeding $         (with any sublimit set forth below). 

  

	 	3.	Comprised of (select one): 

  

							
	 ̈	  	Bid Loans based on an Absolute Rate	  	 ̈	  	Bid Loans based on Eurocurrency [Base] Rate

  

					
	 Bid Loan

No.
	  	 Interest Period

requested
	  	Maximum principal
amount requested
	 1
	  	             days/mos	  	$                    
	 2
	  	             days/mos	  	$                    
	 3
	  	             days/mos	  	$                    

 The U.S. Bid Borrowing requested herein complies with the requirements of the proviso to the first sentence of
Section 2.7 of the Agreement. 
 Borrower authorizes U.S. Funding Agent to deliver this U.S. Bid Request to the U.S.
Lenders. Responses by the U.S. Lenders must be in substantially the form of Exhibit K-2 to the Agreement and must be received by U.S. Funding Agent by the time specified in Section 2.7 of the Agreement for submitting U.S. Competitive
Bids. 
  

			
	[U.S. BORROWER]
		
	By:	 	  

	Name:	 	  

	Title:	 	  



  

					
		 	1	 	Exhibit J-2









 EXHIBIT K-1 

FORM OF EURO COMPETITIVE BID 

            ,          

 

	To:	The Royal Bank of Scotland PLC, as Euro Funding Agent 

 Ladies and Gentlemen: 

Please refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Prologis, L.P. (the “Company”), certain Affiliate Borrowers
from time to time party thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, Bank of America, N.A., as Global Administrative Agent and in various other capacities, and the other Agents named therein. 

In response to the Euro Bid Request dated             ,
        , the undersigned offers to make the following Euro Bid Loan(s): 
  

	 	1.	Borrowing date: (a Business Day). 

  

	 	2.	In an aggregate amount not exceeding EUR                      (with any sublimit set forth below).


  

	 	3.	Comprised of: 

  

							
	 Bid Loan No.
	 	 Interest Period offered
	 	 Bid Maximum
	 	 Absolute Rate Bid

or Eurocurrency

Margin Bid17*

	 1
	 	             days/mos	 	EUR                     	 	(- +)         %
	 2
	 	             days/mos	 	EUR                     	 	(- +)         %
	 3
	 	             days/mos	 	EUR                     	 	(- +)         %

  
  

	17* 	Expressed in multiples of 1/100th of a basis point. 


  

					
		 	1	 	Exhibit K-1









 Contact
Person:                      Telephone:
                     
  

			
	[EURO LENDER]
		
	By:	 	  

	Name:	 	  

	Title:	 	  



 ****************************************************************************** 

THIS SECTION IS TO BE COMPLETED BY THE APPLICABLE BORROWER IF IT WISHES 

TO ACCEPT ANY OFFERS CONTAINED IN THIS COMPETITIVE BID: 

The offers made above are hereby accepted in the amounts set forth below: 

 

			
	 Bid Loan No.
	  	 Principal Amount Accepted

		  	EUR
		  	EUR
		  	EUR

  

			
	[EURO BORROWER]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	Date:	 	  



  

					
		 	2	 	Exhibit K-1









 EXHIBIT K-2 

FORM OF U.S. COMPETITIVE BID 

            ,          

 

	To:	Bank of America, N.A., as U.S. Funding Agent 

 Ladies and Gentlemen: 

Please refer to the Amended and Restated Global Senior Credit Agreement, dated as of April 14, 2016 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Prologis, L.P. (the “Company”), certain Affiliate Borrowers
from time to time party thereto, Prologis, Inc., as guarantor, the Lenders from time to time party thereto, Bank of America, N.A., as Global Administrative Agent and in various other capacities, and the other Agents named therein. 

In response to the U.S. Bid Request dated             ,
        , the undersigned offers to make the following U.S. Bid Loan(s): 
  

	 	1.	Borrowing date: (a Business Day). 

  

	 	2.	In an aggregate amount not exceeding $         (with any sublimit set forth below). 

  

	 	3.	Comprised of: 

  

							
	 Bid Loan No.
	 	 Interest Period offered
	 	 Bid Maximum
	 	 Absolute Rate Bid

or Eurocurrency
 Margin
Bid18*

	 1
	 	             days/mos	 	$                    	 	(- +)             %
	 2
	 	             days/mos	 	$                    	 	(- +)             %
	 3
	 	             days/mos	 	$                    	 	(- +)             %

  

	18* 	Expressed in multiples of 1/100th of a basis point. 


  

					
		 	1	 	Exhibit K-2









 Contact
Person:                                  Telephone:
                     
  

			
	[U.S. LENDER]
		
	By:	 	  

	Name:	 	
	Title:	 	


 ****************************************************************************** 

THIS SECTION IS TO BE COMPLETED BY THE APPLICABLE BORROWER IF IT WISHES 

TO ACCEPT ANY OFFERS CONTAINED IN THIS COMPETITIVE BID: 

The offers made above are hereby accepted in the amounts set forth below: 

 

					
	 Bid Loan No.
	  	Principal Amount Accepted	 
		  	$	            	  
		  	$	            	  
		  	$	            	  

  

			
	[U.S. BORROWER]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	Date:	 	  



  

					
		 	2	 	Exhibit K-2