EX-4.2



 Exhibit 4.2 

EXECUTION VERSION 
  

 
 DIGITAL REALTY TRUST, L.P.,

 DIGITAL REALTY TRUST, INC., AS GUARANTOR, 

AND 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

AS TRUSTEE 
  

 

SUPPLEMENTAL INDENTURE NO. 2 

DATED AS OF AUGUST 7, 2017 

TO INDENTURE DATED JUNE 23, 2015 

 
  

$350,000,000 
 2.750%
NOTES DUE 2023 
 $1,000,000,000 

3.700% NOTES DUE 2027 
  

 







 TABLE OF CONTENTS 

 

							
	 	  	PAGE	 
		
	 ARTICLE I RELATION TO BASE INDENTURE; DEFINITIONS
	  	 	1	 
	 Section 1.1
	 	Relation to Base Indenture	  	 	1	 
	 Section 1.2
	 	Definitions	  	 	2	 
		
	 ARTICLE II TERMS OF THE SECURITIES
	  	 	8	 
	 Section 2.1
	 	Title of the Securities	  	 	8	 
	 Section 2.2
	 	Price	  	 	8	 
	 Section 2.3
	 	Limitation on Initial Aggregate Principal Amount; Further Issuances	  	 	9	 
	 Section 2.4
	 	Interest and Interest Rates; Stated Maturity of Notes	  	 	9	 
	 Section 2.5
	 	Method of Payment	  	 	9	 
	 Section 2.6
	 	Currency	  	 	10	 
	 Section 2.7
	 	Additional Notes	  	 	11	 
	 Section 2.8
	 	Redemption	  	 	11	 
	 Section 2.9
	 	No Sinking Fund	  	 	11	 
	 Section 2.10
	 	Registrar and Paying Agent	  	 	11	 
		
	 ARTICLE III FORM OF THE SECURITIES
	  	 	11	 
	 Section 3.1
	 	Global Form	  	 	11	 
	 Section 3.2
	 	Transfer and Exchange	  	 	12	 
	 Section 3.3
	 	General Provisions Relating to Transfers and Exchanges	  	 	15	 
		
	 ARTICLE IV REDEMPTION OF NOTES
	  	 	17	 
	 Section 4.1
	 	Optional Redemption of Notes	  	 	17	 
	 Section 4.2
	 	Notice of Optional Redemption, Selection of Notes	  	 	17	 
	 Section 4.3
	 	Payment of Notes Called for Redemption by the Company	  	 	19	 
	 Section 4.4
	 	Special Mandatory Redemption	  	 	19	 
		
	 ARTICLE V GUARANTEE
	  	 	20	 
	 Section 5.1
	 	Note Guarantee	  	 	20	 
	 Section 5.2
	 	Execution and Delivery of Note Guarantee	  	 	21	 
	 Section 5.3
	 	Limitation of Guarantor’s Liability; Certain Bankruptcy Events	  	 	21	 
	 Section 5.4
	 	Application of Certain Terms and Provisions to the Guarantor	  	 	22	 
		
	 ARTICLE VI ADDITIONAL COVENANTS
	  	 	22	 
	 Section 6.1
	 	Maintenance of Office or Agency	  	 	22	 
	 Section 6.2
	 	Appointments to Fill Vacancies in Trustee’s Office	  	 	23	 
	 Section 6.3
	 	Reports	  	 	23	 
	 Section 6.4
	 	Limitations on Incurrence of Debt	  	 	24	 
	 Section 6.5
	 	Maintenance of Properties	  	 	25	 
	 Section 6.6
	 	Insurance	  	 	26	 
		
	 ARTICLE VII DEFAULTS AND REMEDIES
	  	 	26	 
	 Section 7.1
	 	Events of Default	  	 	26	 
	 Section 7.2
	 	Acceleration of Maturity; Rescission and Annulment	  	 	28	 


  
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	 ARTICLE VIII AMENDMENTS AND WAIVERS
	  	 	28	 
	 Section 8.1
	 	Without Consent of Holders	  	 	28	 
	 Section 8.2
	 	With Consent of Holders	  	 	29	 
		
	 ARTICLE IX MEETINGS OF HOLDERS OF NOTES
	  	 	31	 
	 Section 9.1
	 	Purposes for Which Meetings May Be Called	  	 	31	 
	 Section 9.2
	 	Call, Notice and Place of Meetings	  	 	31	 
	 Section 9.3
	 	Persons Entitled to Vote at Meetings	  	 	31	 
	 Section 9.4
	 	Quorum; Action	  	 	32	 
	 Section 9.5
	 	Determination of Voting Rights; Conduct and Adjournment of Meetings	  	 	32	 
	 Section 9.6
	 	Counting Votes and Recording Action of Meetings	  	 	33	 
		
	 ARTICLE X MISCELLANEOUS PROVISIONS
	  	 	33	 
	 Section 10.1
	 	Evidence of Compliance with Conditions Precedent, Certificates to Trustee	  	 	33	 
	 Section 10.2
	 	No Recourse Against Others	  	 	34	 
	 Section 10.3
	 	Trust Indenture Act Controls	  	 	34	 
	 Section 10.4
	 	Governing Law and Waiver of Jury Trial	  	 	34	 
	 Section 10.5
	 	Counterparts	  	 	35	 
	 Section 10.6
	 	Successors	  	 	35	 
	 Section 10.7
	 	Severability	  	 	35	 
	 Section 10.8
	 	Table of Contents, Headings, Etc.	  	 	35	 
	 Section 10.9
	 	Ratifications	  	 	35	 
	 Section 10.10 
	 	Effectiveness	  	 	36	 
	 Section 10.11
	 	The Trustee	  	 	36	 


  
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 THIS SUPPLEMENTAL INDENTURE NO. 2 is entered into as of August 7, 2017 (the “Second
Supplemental Indenture”), among Digital Realty Trust, L.P., a Maryland limited partnership (the “Company”), Digital Realty Trust, Inc., a Maryland corporation (the “Guarantor”), and Wells Fargo Bank, National Association, as
trustee (the “Trustee”). 
 WITNESSETH: 

WHEREAS, the Company has delivered to the Trustee an Indenture, dated as of June 23, 2015 (the “Base Indenture”), providing for
the issuance by the Company from time to time of Securities in one or more Series; 
 WHEREAS, Section 2.2 of the Base Indenture
provides for various matters with respect to any Series of Securities issued under the Base Indenture to be established in an indenture supplemental to the Base Indenture; 

WHEREAS, each of the Company and the Guarantor desires to execute this Second Supplemental Indenture to establish the form and to provide for
(i) the issuance of a Series of its senior notes designated as its 2.750% Notes due 2023 (the “2023 Notes”), in an initial aggregate principal amount of $350,000,000 and (ii) the issuance of a Series of its senior notes
designated as its 3.700% Notes due 2027 (the “2027 Notes” and, together with the 2023 Notes, the “Notes”), in an initial aggregate principal amount of $1,000,000,000; 

WHEREAS, the Board of Directors of the Guarantor, the general partner of the Company, has duly adopted resolutions authorizing the Company and
the Guarantor to execute and deliver this Second Supplemental Indenture; and 
 WHEREAS, all of the other conditions and requirements
necessary to make this Second Supplemental Indenture, when duly executed and delivered, a valid and binding agreement in accordance with its terms and for the purposes herein expressed, have been performed and fulfilled. 

NOW, THEREFORE, for and in consideration of the premises and the purchase of each Series of Securities provided for herein by the Holders
thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of Securities of such Series, as follows: 

ARTICLE I 
 RELATION TO
BASE INDENTURE; DEFINITIONS 
 Section 1.1    Relation to Base Indenture. 

This Second Supplemental Indenture constitutes an integral part of the Base Indenture. Notwithstanding any other provision of this Second
Supplemental Indenture, all provisions of this Second Supplemental Indenture are expressly and solely for the benefit of the Holders of the Notes of such Series and any such provisions shall not be deemed to apply to any other Securities issued
under the Base Indenture and shall not be deemed to amend, modify or supplement the Base Indenture for any purpose other than with respect to the Notes of such Series. 







 Section 1.2    Definitions. 

For all purposes of this Second Supplemental Indenture, except as otherwise expressly provided for or unless the context otherwise requires:

 (1) Capitalized terms used but not defined herein shall have the respective meanings assigned to them in the Base
Indenture; and 
 (2) All references herein to Articles and Sections, unless otherwise specified, refer to the corresponding
Articles and Sections of this Second Supplemental Indenture as they amend or supplement the Base Indenture, and not the Base Indenture or any other document. 

“Acquired Indebtedness” means Indebtedness of a person (a) existing at the time such person becomes a Subsidiary or
(b) assumed in connection with the acquisition of assets from such person, in each case, other than Indebtedness Incurred in connection with, or in contemplation of, such person becoming a Subsidiary or such acquisition. Acquired Indebtedness
shall be deemed to be Incurred on the date of the related acquisition of assets from any person or the date the acquired person becomes a Subsidiary. 

“Additional Notes” means additional Notes of a Series (other than the Initial Notes of such Series) issued under the Indenture in
accordance with Sections 2.3, 2.7 and 6.4 hereof, as part of the same series as the Initial Notes of such Series. 
 “Applicable
Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depository, Euroclear and Clearstream that apply to such transfer or exchange. 

“Authentication Order” means a written order of the Company to the Trustee to authenticate and deliver the Notes of any Series,
signed by two Officers or by an Officer and either an Assistant Treasurer of the Guarantor or any Assistant Secretary of the Guarantor. 

“Bankruptcy Code” means the United States Bankruptcy Code, Title 11 of the United States Code, as amended. 

“Benefited Party” shall have the meaning ascribed thereto in Section 5.1. 

“Capitalization Rate” means 8.25%. 

“Clearstream” means Clearstream Banking, Société Anonyme. 

“Consolidated EBITDA” means, for any period of time, without duplication, consolidated net income (loss) of the Company and its
Consolidated Subsidiaries plus amounts which have been deducted and minus amounts which have been added for, without duplication, (a) Interest Expense, (b) depreciation and amortization and other
non-cash items deducted in 

  
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arriving at net income (loss), (c) provision for taxes based on income or profits, (d) non-recurring or other unusual items, as determined by the
Company in good faith (including, without limitation, all prepayment penalties and all costs or fees incurred in connection with any debt financing or amendment thereto, acquisition, disposition, recapitalization or similar transaction (regardless
of whether such transaction is completed)), (e) extraordinary items, (f) noncontrolling interests, (g) the income or expense attributable to transactions involving derivative instruments that do not qualify for hedge accounting in
accordance with GAAP, and (h) gains or losses on dispositions of depreciable real estate investments, property valuation losses and impairment charges; provided, however, that in no event will Consolidated EBITDA include (x) net
income (loss) (whether pursuant to the equity method of accounting or otherwise) on account of any of the Company’s or its Consolidated Subsidiaries’ unconsolidated subsidiaries and other partially owned entities or (y) net income
(loss) generated from the Company’s or its Consolidated Subsidiaries’ real property under construction or Redevelopment Properties; provided, further, that all amounts for such period shall be reasonably determined by the Company in
accordance with GAAP to the extent GAAP is applicable. Consolidated EBITDA will be adjusted, without duplication, to give pro forma effect: (i) in the case of any assets having been placed in service or removed from service from the beginning
of the period to the date of determination, to include or exclude, as the case may be, any Consolidated EBITDA earned or eliminated as a result of the placement of the assets in service or removal of the assets from service as if the placement of
the assets in service or removal of the assets from service occurred at the beginning of the period; and (ii) in the case of any acquisition or disposition of any asset or group of assets from the beginning of the period to the date of
determination, including, without limitation, by merger, or stock or asset purchase or sale, to include or exclude, as the case may be, any Consolidated EBITDA earned or eliminated as a result of the acquisition or disposition of those assets as if
the acquisition or disposition occurred at the beginning of the period. 
 “Consolidated Financial Statements” means, with respect
to any person, collectively, the consolidated financial statements and notes to those financial statements, of that person and its Consolidated Subsidiaries prepared in accordance with GAAP. 

“Consolidated Subsidiary” means each Subsidiary of Digital Realty Trust, L.P. that is consolidated in the Consolidated Financial
Statements of Digital Realty Trust, L.P. 
 “Defaulted Interest” shall have the meaning ascribed thereto in Section 2.5. 

“Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued in accordance with
Section 3.2 hereof, substantially in the form of Exhibit A hereto, with respect to the 2023 Notes, or substantially in the form of Exhibit B hereto, with respect to the 2027 Notes, except that such Note shall not bear the Global
Note legend and shall not have the “Schedule of Exchanges of Interests in the Global Note” attached thereto. 

“Depository” means, with respect to the Notes, the Depository Trust Company and any successor thereto. 

“DFT Merger” means the mergers of the DFT Parties with and into the Company’s wholly owned subsidiaries pursuant to the DFT
Merger Agreement. 

  
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 “DFT Merger Agreement” means that certain Agreement and Plan of Merger, dated
June 8, 2017, by and among the Company, the Guarantor and the DFT Parties, among others. 
 “DFT Parties” means DuPont
Fabros Technology, Inc., a Maryland corporation, and DuPont Fabros Technology, L.P., a Maryland limited partnership  

“Euroclear” means Euroclear S.A./N.V., as operator of the Euroclear system. 

“Event of Default” shall have the meaning ascribed thereto in Section 7.1. 

“GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time. 

“Global Note” means, individually and collectively, each of the Notes of a Series in the form of a Global Security issued to the
Depository or its nominee, substantially in the form of Exhibit A, with respect to the 2023 Notes, or substantially in the form of Exhibit B hereto, with respect to the 2027 Notes. 

“Guarantee Obligations” shall have the meaning ascribed thereto in Section 5.1. 

“Holders” shall have the meaning ascribed thereto in Section 2.4. 

“Incur” means, with respect to any Indebtedness or other obligation of any person, to create, assume, guarantee or otherwise become
liable in respect of the Indebtedness or other obligation, and “Incurrence” and “Incurred” have meanings correlative to the foregoing. Indebtedness or other obligation of the Company or any Subsidiary of the Company will be
deemed to be Incurred by the Company or such Subsidiary whenever the Company or such Subsidiary shall create, assume, guarantee or otherwise become liable in respect thereof. Indebtedness or other obligation of a Subsidiary of the Company existing
prior to the time it became a Subsidiary of the Company will be deemed to be Incurred upon such Subsidiary becoming a Subsidiary of the Company; and Indebtedness or other obligation of a person existing prior to a merger or consolidation of such
person with the Company or any Subsidiary of the Company in which such person is the successor to the Company or such Subsidiary will be deemed to be Incurred upon the consummation of such merger or consolidation. Any issuance or transfer of capital
stock that results in Indebtedness constituting Intercompany Indebtedness being held by a person other than the Company, the Guarantor or any Consolidated Subsidiary or any sale or other transfer of any Indebtedness constituting Intercompany
Indebtedness to a person that is not the Company, the Guarantor or any Consolidated Subsidiary, will be deemed, in each case, to be an Incurrence of Indebtedness that is not Intercompany Indebtedness at the time of such issuance, transfer or sale,
as the case may be. 
 “Indebtedness” of the Company, the Guarantor or any Consolidated Subsidiary means, without duplication, any
of the Company’s indebtedness or that of any Consolidated Subsidiary, whether or not contingent, in respect of: (a) borrowed money evidenced by bonds, notes, debentures or similar instruments whether or not such indebtedness is secured by
any lien existing on property owned by the Company or any Consolidated Subsidiary; (b) indebtedness for borrowed money of a person other than the Company, the Guarantor or a Consolidated Subsidiary which is secured by any lien on property owned
by the Company, the Guarantor or 

  
 4 








 
any Consolidated Subsidiary, to the extent of the lesser of (i) the amount of indebtedness so secured, and (ii) the fair market value of the property subject to such lien; (c) the
reimbursement obligations, contingent or otherwise, in connection with any letters of credit actually issued or amounts representing the balance deferred and unpaid of the purchase price of any property or services, except any such balance that
constitutes an accrued expense or trade payable; or (d) any lease of property by the Company, the Guarantor or any Consolidated Subsidiary as lessee which is reflected on the Company’s consolidated balance sheet as a capitalized lease in
accordance with GAAP. Indebtedness also includes, to the extent not otherwise included, any obligation by the Company, the Guarantor or any Consolidated Subsidiary to be liable for, or to pay, as obligor, guarantor or otherwise (other than for
purposes of collection in the ordinary course of business), indebtedness of another person (other than the Company or any Consolidated Subsidiary) of the type described in clauses (a)-(d) of this definition. 

“Indenture” means the Base Indenture, as supplemented by the Second Supplemental Indenture, and as further supplemented, amended or
restated. 
 “Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a Participant. 

“Initial Notes” means (i) with respect to the 2023 Notes, the first $350,000,000 aggregate principal amount of Notes issued
under this Second Supplemental Indenture on the date hereof, and (ii) with respect to the 2027 Notes, the first $1,000,000,000 aggregate principal amount of Notes issued under this Second Supplemental Indenture on the date hereof. 

“Intercompany Indebtedness” means Indebtedness to which the only parties are any of the Company, the Guarantor and any Consolidated
Subsidiary; provided, however, that with respect to any such Indebtedness of which the Company or the Guarantor is the borrower, such Indebtedness is subordinate in right of payment to the Notes. 

“Interest Expense” means, for any period of time, consolidated interest expense for such period of time, whether paid, accrued or
capitalized, without deduction of consolidated interest income, of the Company and the Consolidated Subsidiaries, including, without limitation or duplication, or, to the extent not so included, with the addition of (a) the portion of any
rental obligation in respect of any capital lease obligation allocable to interest expense in accordance with GAAP and (b) the amortization of Indebtedness discounts, but excluding prepayment penalties, in all cases as reflected in the
applicable Consolidated Financial Statements. 
 “Interest Payment Date” shall have the meaning ascribed thereto in
Section 2.4. 
 “Make-Whole Premium” means, (i) with respect to any 2023 Note redeemed before January 1, 2023, the
excess, if any, of (a) the aggregate present value as of the date of such redemption of each dollar of principal of the Note being redeemed or paid and the amount of interest (exclusive of interest accrued to the date of redemption) that would
have been payable in respect of such dollar if such redemption had been made on January 1, 2023, determined by discounting, on a semiannual basis, such principal and interest at the Reinvestment Rate (determined on the third Business Day
preceding the date such notice of redemption is given) from the respective dates on which such principal and interest would have been payable if such 

  
 5 








 
redemption had been made on January 1, 2023; over (b) the principal amount of such Note, and (ii) with respect to any 2027 Note redeemed before May 15, 2027, the excess, if
any, of (a) the aggregate present value as of the date of such redemption of each dollar of principal of the Note being redeemed or paid and the amount of interest (exclusive of interest accrued to the date of redemption) that would have been
payable in respect of such dollar if such redemption had been made on May 15, 2027, determined by discounting, on a semiannual basis, such principal and interest at the Reinvestment Rate (determined on the third Business Day preceding the date
such notice of redemption is given) from the respective dates on which such principal and interest would have been payable if such redemption had been made on May 15, 2027; over (b) the principal amount of such Note.. 

“Note Guarantee” means the Guarantee by the Guarantor of the Company’s obligations under this Indenture and the Notes of a
Series, executed pursuant to the provisions of this Second Supplemental Indenture. 
 “Notes” has the meaning assigned to it in
the preamble to the Indenture. The Initial Notes of each Series and the Additional Notes of each Series shall be treated as a single class of such Series for all purposes under the Indenture, and unless the context otherwise requires, all references
to the Notes shall include the Initial Notes of such Series and any Additional Notes of such Series. 
 “Participant” means, with
respect to the Depository, Euroclear or Clearstream, a Person who has an account with the Depository, Euroclear or Clearstream, respectively (and with respect to the Depository Trust Company, shall include Euroclear and Clearstream). 

“person” means a corporation, an association, a partnership, a limited liability company, an individual, a joint venture, a joint
stock company, a trust, an unincorporated organization or a government or an agency or a political subdivision thereof. 

“Prospectus” means the base prospectus, dated July 28, 2017, included as part of a registration statement on Form S-3 under the Securities Act, filed by the Company and the Guarantor with the SEC on July 28, 2017 (Registration Nos. 333-219562 and 333-219562-01), as supplemented by a prospectus supplement, dated August 2, 2017, filed by the Company and the Guarantor with the SEC pursuant to Rule 424(b) under the Securities Act. 

“Record Date” shall have the meaning ascribed thereto in Section 2.4. 

“Redemption Date” means, with respect to any Note or portion thereof to be redeemed in accordance with the provisions of
Section 4.1 hereof, the date fixed for such redemption in accordance with the provisions of Section 4.1 hereof. 

“Redemption Price” shall have the meaning ascribed thereto in Section 4.1. 

“Redevelopment Property” means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased
square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support
space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment. 

  
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 “Reinvestment Rate” means (i) with respect to the 2023 Notes, 0.15 percent
(0.15%), and (ii) with respect to the 2027 Notes, 0.25 percent (0.25%), in each case plus the arithmetic mean of the yields under the respective headings “This Week” and “Last Week” published in the most recent Federal
Reserve Statistical Release H.15 (519) that has become publicly available prior to the date of determining the make-whole premium (or if such statistical release is no longer published, any such other reasonably comparable index which shall be
designated by the Company) under the caption “Treasury Constant Maturities” for the maturity (rounded to the nearest month) corresponding to the then remaining maturity of the Notes (assuming the Notes matured on January 1, 2023, with
respect to the 2023 Notes, or May 15, 2027, with respect to the 2027 Notes). If no maturity exactly corresponds to such maturity of the Notes, the applicable Reinvestment Rate will be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the yields for the two published maturities most closely corresponding to such maturity of the Notes. 

“Secured Debt” means, as of any date, that portion of Total Outstanding Debt as of that date that is secured by a mortgage, trust
deed, deed of trust, deeds to secure Indebtedness, pledge, security interest, assignment for collateral purposes, deposit arrangement, or other security agreement, excluding any right of setoff but including, without limitation, any conditional sale
or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing, and any other like agreement granting or conveying a security interest. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, as in effect
from time to time. 
 “Significant Subsidiary” shall have the meaning ascribed thereto in Section 7.1. 

“Special Mandatory Redemption Date” means the earlier to occur of (1) January 14, 2018, if the DFT Merger has not been
consummated on or prior to December 15, 2017, or (2) the 30th day (or if such day is not a business day, the first business day thereafter) following the termination of the DFT Merger Agreement for any reason. 

“Total Assets” as of any date means the sum, without duplication, of (a) Consolidated EBITDA for the most recent quarterly
period covered in the Company’s annual or quarterly report most recently furnished to Holders or filed with the SEC, as the case may be and in accordance with Section 6.3 hereof, prior to such time, annualized (i.e., multiplied by four
(4)), capitalized at the Capitalization Rate, (b) the undepreciated cost basis of the real property of the Company and the Consolidated Subsidiaries under construction and Redevelopment Property as of the end of the quarterly period used for
purposes of clause (a) above, in each case as determined by the Company in good faith, and (c) for all assets of the Company and the Consolidated Subsidiaries other than the assets referred to in (a) and (b) above, the undepreciated
book value as determined in accordance with GAAP (but excluding accounts receivable and intangible assets). 

  
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 “Total Outstanding Debt” means, as of any date, the sum, without duplication, of
(a) the aggregate principal amount of all outstanding Indebtedness of the Company as of that date, excluding Intercompany Indebtedness, and (b) the aggregate principal amount of all outstanding Indebtedness of the Consolidated Subsidiaries
as of that date, excluding Intercompany Indebtedness. 
 “Total Unencumbered Assets” means, as of any time, the sum of
(a) Unencumbered Consolidated EBITDA for the most recent quarterly period covered in the Company’s annual or quarterly report most recently furnished to Holders or filed with the SEC, as the case may be and in accordance with
Section 6.3 hereof, prior to such time, annualized (i.e., multiplied by four (4)), capitalized at the Capitalization Rate, and (b) to the extent not subject to any Secured Debt, the value of the assets described in clauses (b) and (c)
of the definition of Total Assets; provided, however, that all investments by the Guarantor, the Company or any of their respective Subsidiaries in unconsolidated joint ventures, unconsolidated limited partnerships, unconsolidated limited liability
companies and other unconsolidated entities shall be excluded from Total Unencumbered Assets to the extent that such investments would have otherwise been included. 

“Unencumbered Consolidated EBITDA” means, for any quarter, Consolidated EBITDA for the most recent quarterly period covered in the
Company’s annual or quarterly report most recently furnished to Holders or filed with the SEC, as the case may be and in accordance with Section 6.3 hereof, prior to the time of determination, less any portion thereof attributable to any
properties or assets subject to any Secured Debt, as determined in good faith by the Company. 
 “Uniform Fraudulent Conveyance
Act” means any applicable federal, provincial or state fraudulent conveyance legislation and any successor legislation. 

“Uniform Fraudulent Transfer Act” means any applicable federal, provincial or state fraudulent transfer legislation and any
successor legislation. 
 “Unsecured Debt” means that portion of Total Outstanding Debt that is not Secured Debt. 

ARTICLE II 
 TERMS OF
THE SECURITIES 
 Section 2.1    Title of the Securities. 

There shall be (a) a Series of Securities designated the “2.750% Senior Notes due 2023” and (b) a Series of Securities
designated the “3.700% Senior Notes due 2027.” 
 Section 2.2    Price. 

The Initial Notes shall be issued at a public offering price of (a) 99.930% of the principal amount thereof, with respect to the 2023 Notes,
and (b) 99.924% of the principal amount thereof, with respect to the 2027 Notes, in each case other than any offering discounts pursuant to the initial offering and resale of the Notes of such Series. 

  
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 Section 2.3    Limitation on Initial Aggregate Principal Amount; Further Issuances.

 The aggregate principal amount of the 2023 Notes initially shall be limited to $350,000,000 and the aggregate principal amount of the
2027 Notes initially shall be limited to $1,000,000,000. The Company may, without notice to or consent of the Holders, issue Additional Notes of a Series from time to time in the future in an unlimited principal amount, subject to compliance with
the terms of the Indenture. 
 Nothing contained in this Section 2.3 or elsewhere in this Second Supplemental
Indenture, or in the Notes, is intended to or shall limit execution by the Company or authentication or delivery by the Trustee of Notes under the circumstances contemplated by Sections 2.7, 2.8, 2.11, 3.6 or 9.6 of the Base Indenture. 

Section 2.4    Interest and Interest Rates; Stated Maturity of Notes. 

(a)    The Notes shall bear interest at 2.750% per annum, with respect to the 2023 Notes, and 3.700% per
annum, with respect to the 2027 Notes, from and including August 7, 2017 or the immediately preceding Interest Payment Date to which interest has been paid on any Notes of a Series or August 7, 2017, if no interest has been paid,
from the date of issuance of such Notes, payable semi-annually in arrears on (i) February 1 and August 1 of each year, commencing February 1, 2018, with respect to the 2023 Notes, or
(ii) February 15 and August 15 of each year, commencing February 15, 2018, with respect to the 2027 Notes (each, an “Interest Payment Date”), to the persons (the “Holders”) in whose
name the applicable Notes are registered at the close of business on the January 15 or July 15, with respect to the 2023 Notes, or the February 1 or August 1, with respect to the 2027 Notes (regardless
of whether such day is a Business Day) immediately preceding the applicable Interest Payment Date, as the case may be (each, a “Record Date”). Interest on the Notes shall be computed on the basis of a
360-day year consisting of twelve 30-day months. 

(b)    If any Interest Payment Date or Maturity falls on a day that is not a Business Day, the required
payment shall be made on the next Business Day as if it were made on the date such payment was due and no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date or Maturity, as the case may be. 

(c)    The Stated Maturity of the 2023 Notes shall be February 1, 2023. The Stated Maturity of the
2027 Notes shall be August 15, 2027. 
 Section 2.5    Method of Payment. 

Interest shall be payable at the office of the Company maintained by the Company for such purposes, which shall initially be an office or
agency of the Trustee. The Company shall pay interest (i) on any Notes in certificated form by check mailed to the address of the person entitled thereto; provided, however, that a Holder of any Notes in certificated form in the
aggregate principal amount of more than $2,000,000 may specify by written notice to the Company that it pay interest by wire transfer of immediately available funds to the account specified by the Holder in such notice (which account shall be within
the United States), or (ii) 

  
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on any Global Note by wire transfer of immediately available funds to the account of the Depository or its nominee. Any interest on any Note which is payable, but is not punctually paid or duly
provided for, on any February 1 or August 1, in the case of the 2023 Notes, or February 15 or August 15, in the case of the 2027 Notes (herein called “Defaulted Interest”) shall forthwith cease to be payable to the
Holder registered as such on the relevant Record Date, and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (i) or (ii) below: 

(i)    The Company may elect to make payment of any Defaulted Interest to the persons in whose names the
Notes are registered at 5:00 p.m., New York City time, on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted
Interest proposed to be paid on each Note and the date of the proposed payment (which shall be not less than twenty-five (25) calendar days after the receipt by the Trustee of such notice, unless the Trustee shall consent to an earlier date),
and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to
the date of the proposed payment, such money when deposited to be held in trust for the benefit of the persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Company shall fix a special record date for the payment of
such Defaulted Interest which shall be not more than fifteen (15) calendar days and not less than ten (10) calendar days prior to the date of the proposed payment, and not less than ten (10) calendar days after
the receipt by the Trustee of the notice of the proposed payment (unless the Trustee shall consent to an earlier date). The Company shall promptly notify the Trustee in writing of such special record date and the Trustee, in the name and at the
expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be sent by electronic transmission or mailed, first-class postage prepaid, to each Holder at its address as it
appears in the register, not less than ten (10) calendar days prior to such special record date (unless, the Trustee shall consent to an earlier date). Notice of the proposed payment of such Defaulted Interest and the special record date
therefor having been so mailed, such Defaulted Interest shall be paid to the persons in whose names the Notes are registered at 5:00 p.m., New York City time, on such special record date and shall no longer be payable pursuant to the following
clause (ii) of this Section 2.5. 
 (ii)    The Company may make payment of any
Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or designated for issuance, and upon such notice as may be required by
such exchange or automated quotation system, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 

Section 2.6    Currency. 

Principal and interest on the Notes shall be payable in United States Dollars. 

  
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 Section 2.7    Additional Notes. 

The Company will be entitled, upon delivery of an Officers’ Certificate, Opinion of Counsel and Authentication Order and without the
consent of the Holders of the Notes, subject to its compliance with Section 6.4, to issue Additional Notes of a Series under the Indenture that will have identical terms to the Initial Notes of such Series issued on the date of the Indenture
other than with respect to the date of issuance and issue price. 
 With respect to any Additional Notes, the Company will set forth in a
resolution of its Board of Directors and an Officers’ Certificate, a copy of each of which will be delivered to the Trustee, the following information: 

(i)    the aggregate principal amount of such Additional Notes of such Series to be authenticated and
delivered pursuant to the Indenture; and 
 (ii)    the issue price, the issue date and the CUSIP number
of such Additional Notes of such Series. 
 Section 2.8    Redemption. 

The Notes may be redeemed at the option of the Company prior to the Stated Maturity as provided in Article IV hereof. 

Section 2.9    No Sinking Fund. 

The provisions of Article XI of the Base Indenture shall not be applicable to the Notes. 

Section 2.10    Registrar and Paying Agent. 

The Trustee shall initially serve as Registrar and Paying Agent for the Notes. 

ARTICLE III 
 FORM OF
THE SECURITIES 
 Section 3.1    Global Form. 

The Notes shall initially be issued in the form of one or more permanent Global Notes. The Notes shall not be issuable in definitive form
except as provided in Section 3.2(a) of this Second Supplemental Indenture. The Notes and the Trustee’s certificate of authentication shall be substantially in the form attached as Exhibit A hereto, with respect to the 2023 Notes,
or Exhibit B hereto, with respect to the 2027 Notes. The Company shall execute and the Trustee shall, in accordance with Section 2.3 of the Base Indenture, authenticate and hold each Global Note as custodian for the Depository. Each
Global Note will represent such of the outstanding Notes as will be specified therein and each shall provide that it represents the aggregate principal amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal


  
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amount of outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect
the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby will be made by the Trustee or the Custodian, at the direction of the Trustee. The terms and provisions contained in the form of Note
attached as Exhibit A and Exhibit B hereto shall constitute, and are hereby expressly made, a part of the Indenture and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Second Supplemental
Indenture, expressly agree to such terms and provisions and to be bound thereby. 
 Section 3.2    Transfer and Exchange.

 (a)    Transfer and Exchange of Global Notes. A Global Note may not be transferred except
as a whole by the Depository to a nominee of the Depository, by a nominee of the Depository to the Depository or to another nominee of the Depository, or by the Depository or any such nominee to a successor Depository or a nominee of such successor
Depository. All Global Notes will be exchanged by the Company for Definitive Notes if: 
 (i)    the
Company delivers to the Trustee written notice from the Depository that it is unwilling or unable to continue to act as Depository or that it is no longer a clearing agency registered under the Exchange Act and, in either case, a successor
Depository is not appointed by the Company within 90 days after the date of such notice from the Depository; or 

(ii)    the Company in its sole discretion determines that the Global Notes (in whole but not in part)
should be exchanged for Definitive Notes and delivers a written notice to such effect to the Trustee. 
 Upon the occurrence of either of
the preceding events in (1) or (2) above, Definitive Notes shall be issued in such names as the Depository shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.8 and 2.11 of
the Base Indenture. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 3.2 or Section 2.8 and 2.11 of the Base Indenture, shall be authenticated and
delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in this Section 3.2(a), however, beneficial interests in a Global Note may be transferred and exchanged as
provided in Section 3.2(c) or (d) hereof. 
 (b)    Legend. Any Global Note issued under
this Second Supplemental Indenture shall bear a legend in substantially the following form: 
 “THIS GLOBAL NOTE IS HELD BY THE
DEPOSITORY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY 

  
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CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 3.2 OF THE SECOND SUPPLEMENTAL INDENTURE, (II) THIS GLOBAL NOTE MAY BE
EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 3.2 OF THE SECOND SUPPLEMENTAL INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE BASE INDENTURE AND (IV) THIS GLOBAL
NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITORY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE
OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE
DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK)
(“DTC”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 
 (c) Transfer and Exchange of Beneficial
Interests in the Global Notes. The transfer and exchange of beneficial interests in the Global Notes will be effected through the Depository, in accordance with the provisions of the Indenture and the Applicable Procedures. Transfers of
beneficial interests in the Global Notes will require compliance with either subparagraph (1) or (2) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 

(1) Transfer of Beneficial Interests in the Same Global Note. Beneficial interests in any Global Note may be transferred
to persons who take delivery thereof in the form of a beneficial interest in a Global Note. No written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 3.2(c)(1). 

  
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 (2) All Other Transfers of Beneficial Interests in Global Notes. In
connection with all transfers of beneficial interests that are not subject to Section 3.2(c)(1) above, the transferor of such beneficial interest must deliver to the Registrar both: 

(i) a written order from a Participant or an Indirect Participant given to the Depository in accordance with the Applicable
Procedures directing the Depository to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(ii) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account
to be credited with such increase. 
 Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes
contained in the Indenture and the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 3.2(g) hereof. 

(d) Transfer and Exchange of Beneficial Interests in Global Notes for Definitive Notes. If any holder of a beneficial
interest in a Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a person who takes delivery thereof in the form of a Definitive Note, then, upon satisfaction of the conditions
set forth in Section 3.2(c)(2) hereof, the Trustee will cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 3.2(g) hereof, and the Company will execute and the Trustee will
authenticate and deliver to the person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 3.2(d) will be registered in
such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Registrar from or through the Depository and the Participant or Indirect Participant. The Trustee
will deliver such Definitive Notes to the persons in whose names such Notes are so registered. 
 (e) Transfer and
Exchange of Definitive Notes for Beneficial Interests in Global Notes. A Holder of a Definitive Note may exchange such Note for a beneficial interest in a Global Note or transfer such Definitive Notes to a person who takes delivery thereof in
the form of a beneficial interest in a Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee will cancel the applicable Definitive Note and increase or cause to be increased the aggregate principal amount
of one of the Global Notes. 
 If any such exchange or transfer from a Definitive Note to a beneficial interest is effected pursuant to the
previous paragraph at a time when a Global Note has not yet been issued, the 

  
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Company will issue and, upon receipt of an Authentication Order in accordance with Section 3.2 hereof, the Trustee will authenticate one or more Global Notes in an aggregate principal amount
equal to the principal amount of Definitive Notes so transferred. 
 (f) Transfer and Exchange of Definitive Notes for
Definitive Notes. Upon request by a Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section 3.2(f), the Registrar will register the transfer or exchange of Definitive Notes. Prior to such
registration of transfer or exchange, the requesting Holder will present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such
Holder or by his attorney, duly authorized in writing. A Holder of Definitive Notes may transfer such Notes to a person who takes delivery thereof in the form of a Definitive Note. Upon receipt of a request to register such a transfer, the Registrar
shall register the Definitive Notes pursuant to the instructions from the Holder thereof. 
 (g) Cancellation and/or
Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note have been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such
Global Note will be returned to or retained and canceled by the Trustee in accordance with Section 2.12 of the Base Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred
to a person who will take delivery thereof in the form of a beneficial interest in another Global Note or for Definitive Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made
on such Global Note by the Trustee or by the Depository at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a person who will take delivery thereof in the form of a
beneficial interest in another Global Note, such other Global Note will be increased accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depository at the direction of the Trustee to reflect such increase. 

Section 3.3    General Provisions Relating to Transfers and Exchanges. 

(a) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will authenticate Global Notes
and Definitive Notes upon receipt of an Authentication Order in accordance with Section 3.2 hereof or at the Registrar’s request. 

(b) No service charge will be made to a Holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note
for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar
governmental charge payable upon exchange or transfer pursuant to Sections 2.11 and 9.6 of the Base Indenture and Section 4.3 hereof). 

  
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 (c) The Registrar will not be required to register the transfer of or exchange of
any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

(d) All Global Notes and Definitive Notes issued upon any registration of transfer or exchange of Global Notes or Definitive
Notes will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under the Indenture, as the Global Notes or Definitive Notes surrendered upon such registration of transfer or exchange. 

(e) Neither the Registrar nor the Company will be required: 

(i) to issue, register the transfer of or to exchange any Note during a period beginning at the opening of business fifteen
(15) days before any selection of Notes for redemption under Article IV hereof and ending at the close of business on the earliest date on which the relevant notice of redemption is deemed to have been given to all Holders of Notes to be so
redeemed; or 
 (ii) to register the transfer of or to exchange any Note so selected for redemption in whole or in part,
except the unredeemed portion of any Note being redeemed in part; or 
 (iii) to register the transfer of or to exchange a
Note between a Record Date and the next succeeding Interest Payment Date. 
 (f) Prior to due presentment for the
registration of a transfer of any Note, the Trustee, any Agent and the Company may deem and treat the person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on
such Notes and for all other purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 

(g) The Trustee will authenticate Global Notes and Definitive Notes in accordance with the provisions of Section 2.3 of
the Base Indenture. 
 (h) All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar
pursuant to this Section 3.3 to effect a registration of transfer or exchange may be submitted by facsimile. 
 (i) The
transferor of any Note shall provide or cause to be provided to the Trustee all information necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations
under Internal Revenue Code Section 6045. The Trustee may rely on the information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 

(j) In connection with any proposed transfer outside the book entry system, there shall be provided to the Trustee all
information necessary to allow the Trustee to 

  
 16 








 
comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Internal Revenue Code Section 6045. The Trustee may rely on the
information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 
 ARTICLE IV 

REDEMPTION OF NOTES 
 The
provisions of Article III of the Base Indenture, as amended by the provisions of this Second Supplemental Indenture, shall apply to the Notes. 

Section 4.1    Optional Redemption of Notes. 

The Company may redeem on any one or more occasions some or all of the Notes of a Series before they mature. The redemption price (the
“Redemption Price”) will equal the sum of (1) an amount equal to 100% of the principal amount of the Notes of such Series being redeemed plus accrued and unpaid interest up to, but not including, the Redemption Date and (2) a
Make-Whole Premium; provided that, the Company will not redeem the Notes of a Series on any date if the principal amount of the Notes of such Series has been accelerated, and such an acceleration has not been rescinded or cured on or prior to
such date (except in the case of an acceleration resulting from a default by the Company in the payment of the Redemption Price with respect to the Notes of such Series to be redeemed). Notwithstanding the foregoing, if the 2023 Notes are redeemed
on or after January 1, 2023 or if the 2027 Notes are redeemed on or after May 15, 2027, the Redemption Price will not include a Make-Whole Premium; provided further that if the Redemption Date falls after a Record Date and on or
prior to the corresponding interest payment date, the Company will pay the full amount of accrued and unpaid interest, if any, on such interest payment date to the Holder of record at the close of business on the corresponding Record Date (instead
of the Holder surrendering its Notes for redemption) and the Redemption Price shall not include accrued and unpaid interest up to, but not including, the Redemption Date. 

Section 4.2    Notice of Optional Redemption, Selection of Notes. 

(a) In case the Company shall desire to exercise the right to redeem all or, as the case may be, any part of the Notes of a
Series pursuant to Section 4.1, it shall fix a date for redemption and it or, at its written request received by the Trustee not fewer than five (5) Business Days prior (or such shorter period of time as may be acceptable to the Trustee)
to the date the notice of redemption is to be sent, the Trustee in the name of and at the expense of the Company, shall mail or cause to be mailed, or sent by electronic transmission a notice of such redemption not fewer than thirty
(30) calendar days nor more than sixty (60) calendar days prior to the Redemption Date to each Holder of Notes of such Series so to be redeemed in whole or in part at its last address as the same appears on the Register; provided
that if the Company makes such request of the Trustee, it shall, together with such request, also give written notice of the Redemption Date to the Trustee, provided further that the text of the notice shall be prepared by the Company. Such
mailing shall be by first class mail or sent by electronic transmission. The notice, if sent in the manner herein provided, shall be conclusively presumed to have been duly 

  
 17 








 
given, whether or not the Holder receives such notice. In any case, failure to give such notice by mail or any defect in the notice to the Holder of any Note designated for redemption as a whole
or in part shall not affect the validity of the proceedings for the redemption of any other Note. Concurrently with the sending of any such notice of redemption, the Company shall issue a press release announcing such redemption, the form and
content of which press release shall be determined by the Company in its sole discretion. The failure to issue any such press release or any defect therein shall not affect the validity of the redemption notice or any of the proceedings for the
redemption of any Note of a Series called for redemption. 
 (b) Each such notice of redemption shall specify: (i) the
aggregate principal amount of Notes of such Series to be redeemed, (ii) the CUSIP number or numbers of the Notes of such Series being redeemed, (iii) the Redemption Date (which shall be a Business Day), (iv) the Redemption Price at which
Notes of such Series are to be redeemed, (v) the place or places of payment and that payment will be made upon presentation and surrender of such Notes and (vi) that interest accrued and unpaid to, but excluding, the Redemption Date will
be paid as specified in said notice, and that on and after said date interest thereon or on the portion thereof to be redeemed will cease to accrue. If fewer than all the Notes of a Series are to be redeemed, the notice of redemption shall identify
the Notes of such Series to be redeemed (including CUSIP numbers, if any). In case any Note of a Series is to be redeemed in part only, the notice of redemption shall state the portion of the principal amount thereof to be redeemed and shall state
that, on and after the Redemption Date, upon surrender of such Note, a new Note or Note in principal amount equal to the unredeemed portion thereof will be issued. 

(c) On or prior to the Redemption Date specified in the notice of redemption given as provided in this Section 4.2, the
Company will deposit with the Paying Agent (or, if the Company is acting as its own Paying Agent, set aside, segregate and hold in trust as provided in Section 2.5 of the Base Indenture) an amount of money in immediately available funds
sufficient to redeem on the Redemption Date all the Notes of such Series (or portions thereof) so called for redemption at the appropriate Redemption Price; provided that if such payment is made on the Redemption Date, it must be received by
the Paying Agent, by 11:00 a.m., New York City time, on such date. The Company shall be entitled to retain any interest, yield or gain on amounts deposited with the Paying Agent pursuant to this Section 4.2 in excess of amounts required
hereunder to pay the Redemption Price. 
 (d) If less than all of the outstanding Notes of a Series are to be redeemed, the
Trustee shall select the Notes of such Series or portions thereof of the Global Notes or the Notes in certificated form to be redeemed (in principal amounts of $2,000 and multiples of $1,000 in excess thereof) by lot, on a pro rata basis or by
another method the Trustee deems fair and appropriate in accordance with the Applicable Procedures. The Notes of such Series (or portions thereof) so selected for redemption shall be deemed duly selected for redemption for all purposes hereof. 

  
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 Section 4.3    Payment of Notes Called for Redemption by the Company. 

(a) If notice of redemption has been given as provided in Section 4.2, the Notes or portion of Notes of a Series with
respect to which such notice has been given shall become due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Price, and unless the Company shall default in the payment of such Notes at the
Redemption Price, interest on the Notes or portion of Notes of a Series so called for redemption shall cease to accrue on and after the Redemption Date and, on and after the Redemption Date (unless the Company shall default in the payment of the
Redemption Price) such Notes shall cease to be entitled to any benefit or security under the Indenture, and the Holders thereof shall have no right in respect of such Notes except the right to receive the Redemption Price thereof. On presentation
and surrender of such Notes at a place of payment in said notice specified, the said Notes or the specified portions thereof shall be paid and redeemed by the Company at the Redemption Price, together with interest accrued thereon to, but excluding,
the Redemption Date. 
 (b) Upon presentation of any Note redeemed in part only, the Company shall execute and the Trustee
shall authenticate and make available for delivery to the Holder thereof, at the expense of the Company, a new Note or Notes, of authorized denominations, in principal amount equal to the unredeemed portion of the Notes so presented. 

Section 4.4    Special Mandatory Redemption. 

If (1) the DFT Merger has not been consummated on or prior to December 15, 2017 or (2) the DFT Merger Agreement is terminated at
any time prior to such date ((1) and (2) each a “Special Mandatory Redemption Event”), the Company shall be required to redeem all outstanding Notes on the Special Mandatory Redemption Date at a Redemption Price (the “Special
Mandatory Redemption Price”) equal to 101% of the principal amount of the Notes, plus accrued and unpaid interest, if any, up to, but not including, the Special Mandatory Redemption Date. Notwithstanding the foregoing, installments of interest
on any series of Notes that are due and payable on Interest Payment Dates falling on or prior to the Special Mandatory Redemption Date will be payable on such Interest Payment Dates to the registered Holders as of the close of business on the
relevant Record Dates. 
 Notwithstanding any other provision of this Article IV, in the event of the occurrence of a Special Mandatory
Redemption Event, the Company shall cause a notice of special mandatory redemption (“Special Mandatory Redemption Notice”) to be sent, with a copy to the Trustee, within five Business Days after the occurrence of the Special Mandatory
Redemption Event to each Holder at its registered address. If funds sufficient to pay the Special Mandatory Redemption Price of the Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee or a Paying Agent on or
before such Special Mandatory Redemption Date, the Notes will cease to bear interest on and after such Special Mandatory Redemption Date. 

Upon the occurrence of the closing of the DFT Merger, the foregoing provisions regarding the Special Mandatory Redemption will cease to apply.


  
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 ARTICLE V 

GUARANTEE 
 This Article V
shall replace Article XII of the Base Indenture with respect to the Notes only. 
 Section 5.1    Note Guarantee. 

By its execution hereof, the Guarantor acknowledges and agrees that the Notes shall be entitled to the benefits of a Guarantee. Accordingly,
subject to the provisions of this Article, the Guarantor hereby unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and its successors and assigns that: (i) the principal of (including the Redemption
Price upon redemption pursuant to Article IV), premium, if any, and interest, if any, on the Notes shall be duly and punctually paid in full when due, whether at the Stated Maturity, upon acceleration, upon redemption or otherwise, and interest on
overdue principal, premium, if any, and (to the extent permitted by law) interest on any interest, if any, on the Notes and all other obligations of the Company to the Holders or the Trustee hereunder or under the Notes (including fees, expenses or
other) shall be promptly paid in full or performed, all in accordance with the terms hereof; and (ii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the same shall be promptly paid in full
when due or performed in accordance with the terms of the extension or renewal, whether at the Stated Maturity, by acceleration, call for redemption or otherwise, subject, however, in the case of clauses (i) and (ii) above, to the limitations
set forth in this Article (collectively, the “Guarantee Obligations”). 
 Subject to the provisions of this Article, the Guarantor
hereby agrees that its Guarantee hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the
Notes with respect to any thereof, the entry of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of the Guarantor. The Guarantor
hereby waives and relinquishes: (a) any right to require the Trustee, the Holders or the Company (each, a “Benefited Party”) to proceed against the Company or any other person or to proceed against or exhaust any security held by a
Benefited Party at any time or to pursue any other remedy in any secured party’s power before proceeding against the Guarantor; (b) any defense that may arise by reason of the incapacity, lack of authority, death or disability of any other
person or persons or the failure of a Benefited Party to file or enforce a claim against the estate (in administration, bankruptcy or any other proceeding) of any other person or persons; (c) demand, protest and notice of any kind (except as
expressly required by the Indenture), including but not limited to notice of the existence, creation or incurring of any new or additional indebtedness or obligation or of any action or non-action on the part
of the Guarantor, the Company, any Benefited Party, any creditor of the Guarantor or the Company or on the part of any other person whomsoever in connection with any obligations the performance of which are hereby guaranteed; (d) any defense
based upon an election of remedies by a Benefited Party, including but not limited to an election to proceed against the Guarantor for reimbursement; (e) any defense based upon any statute or rule of law which provides that the obligation of a
surety must be neither larger in 

  
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amount nor in other respects more burdensome than that of the principal; (f) any defense arising because of a Benefited Party’s election, in any proceeding instituted under the
Bankruptcy Law, of the application of Section 1111(b)(2) of the Bankruptcy Code; and (g) any defense based on any borrowing or grant of a security interest under Section 364 of the Bankruptcy Code. The Guarantor hereby covenants that,
except as otherwise provided therein, the Guarantee shall not be discharged except by payment in full of all Guarantee Obligations, including the principal, premium, if any, and interest on the Notes and all other costs provided for under the
Indenture. 
 If any Holder or the Trustee is required by any court or otherwise to return to either the Company or the Guarantor, or any
trustee or similar official acting in relation to either the Company or the Guarantor, any amount paid by the Company or the Guarantor to the Trustee or such Holder, the Note Guarantee, to the extent theretofore discharged, shall be reinstated in
full force and effect. The Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Holders in respect of any Guarantee Obligations hereby until payment in full of all such obligations guaranteed hereby. The
Guarantor agrees that, as between it, on the one hand, and the Holders of Notes and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article VI of the Base Indenture for the
purposes hereof, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Guarantee Obligations, and (y) in the event of any acceleration of such obligations as provided in Article VI of the Base
Indenture, such Guarantee Obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantor for the purpose of the Guarantee. 

Section 5.2    Execution and Delivery of Note Guarantee. 

(a) To evidence the Guarantee set forth in Section 5.1 hereof, the Guarantor agrees that a Notation of Guarantee
substantially in the form included in Exhibit C hereto shall be endorsed on each Note authenticated and delivered by the Trustee and that this Second Supplemental Indenture shall be executed on behalf of the Guarantor by an Officer of the
Guarantor. 
 (b) The Guarantor agrees that the Guarantee set forth in this Article V shall remain in full force and effect
and apply to all the Notes notwithstanding any failure to endorse on each Note a notation of the Guarantee. 
 (c) If an
Officer whose facsimile signature is on a Note or a notation of Guarantee no longer holds that office at the time the Trustee authenticates the Note on which the Guarantee is endorsed, the Guarantee shall be valid nevertheless. 

(d) The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the
Guarantee set forth in this Second Supplemental Indenture on behalf of the Guarantor. 
 Section 5.3    Limitation of
Guarantor’s Liability; Certain Bankruptcy Events. 
 (a) The Guarantor, and by its acceptance hereof each Holder,
hereby confirms that it is the intention of all such parties that the Guarantee Obligations of the Guarantor pursuant to its Note Guarantee not constitute a fraudulent transfer or conveyance for 

  
 21 








 
purposes of any Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law. To effectuate the foregoing intention, the Holders
and the Guarantor hereby irrevocably agree that the Guarantee Obligations of the Guarantor under this Article V shall be limited to the maximum amount as shall, after giving effect to all other contingent and fixed liabilities of the Guarantor,
result in the Guarantee Obligations of the Guarantor under the Note Guarantee not constituting a fraudulent transfer or conveyance. 

(b) The Guarantor hereby covenants and agrees, to the fullest extent that it may do so under applicable law, that in the event
of the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Company, the Guarantor shall not file (or join in any filing of), or otherwise seek to participate in the filing of, any motion or request seeking to stay or to
prohibit (even temporarily) execution on the Note Guarantee and hereby waives and agrees not to take the benefit of any such stay of execution, whether under Section 362 or 105 of the Bankruptcy Law or otherwise. 

Section 5.4    Application of Certain Terms and Provisions to the Guarantor. 

(a) For purposes of any provision of the Indenture which provides for the delivery by the Guarantor of an Officers’
Certificate and/or an Opinion of Counsel, the definitions of such terms in Section 1.2 hereof shall apply to the Guarantor as if references therein to the Company or the Guarantor, as applicable, were references to the Guarantor. 

(b) Any notice or demand which by any provision of the Indenture is required or permitted to be given or served by the Trustee
or by the Holders of Notes to or on the Guarantor may be given or served as described in Section 10.2 of the Base Indenture as if references therein to the Company were references to the Guarantor. 

(c) Upon any demand, request or application by the Guarantor to the Trustee to take any action under the Indenture, the
Guarantor shall furnish to the Trustee such certificates and opinions as are required in Section 10.1 hereof as if all references therein to the Company were references to the Guarantor. 

ARTICLE VI 
 ADDITIONAL
COVENANTS 
 The following additional covenants shall apply with respect to the Notes so long as any of the Notes of a Series remain
outstanding: 
 Section 6.1    Maintenance of Office or Agency. 

The Company will maintain an office or agency in the United States where the Notes may be surrendered for registration of transfer or exchange
or for presentation for payment or redemption and where notices and demands to or upon the Company in respect of the Notes and the Indenture may be served. As of the date of the Indenture, such office shall be the Corporate Trust Office and, at any
other time, at such other address as the Trustee may designate from time 

  
 22 








 
to time by notice to the Company. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency not designated or appointed
by the Trustee. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office. 
 The Company may also from time to time designate co-registrars and one or
more offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Company will give prompt written notice to the Trustee of any such designation or
rescission and of any change in the location of any such other office or agency. 
 The Company hereby initially designates the Trustee as
Paying Agent, Registrar and the Corporate Trust Office shall be considered as one such office or agency of the Company for each of the aforesaid purposes. 

Section 6.2    Appointments to Fill Vacancies in Trustee’s Office. 

The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, upon the terms and conditions and otherwise
as provided in Section 7.8 of the Base Indenture, a Trustee, so that there shall at all times be a Trustee hereunder. 
 Section
6.3    Reports. 
 (a) Whether or not required by the rules and regulations of the SEC, so long as
any Notes are outstanding, the Company will furnish to the Holders of Notes or cause the Trustee to furnish to the Holders of Notes, within the time periods specified in the SEC’s rules and regulations: 

(i) all quarterly and annual reports that would be required to be filed with the SEC on Forms
10-Q and 10-K if the Company were required to file such reports; and 

(ii) all current reports that would be required to be filed with the SEC on Form 8-K if
the Company were required to file such reports. 
 All such reports will be prepared in all material respects in accordance with all of the rules and
regulations applicable to such reports. Each annual report on Form 10-K will include a report on the Company’s Consolidated Financial Statements by its independent registered public accounting firm. In
addition, the Company shall file a copy of each of the reports referred to above with the SEC for public availability within the time periods specified in the rules and regulations applicable to such reports (unless the SEC will not accept such a
filing) and will make the reports available on the Company’s website within those time periods. Delivery of reports, information and documents to the Trustee under Section 6.3 is for informational purposes only and the information and the
Trustee’s receipt of the foregoing shall not constitute constructive notice of any information contained therein, or determinable from information contained therein including the Company’s compliance with any of their covenants thereunder
(as to which the Trustee is entitled to rely exclusively on an Officer’s Certificate). 

  
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 (b) If the Company is no longer subject to the periodic reporting requirements of
the Exchange Act for any reason, the Company will nevertheless continue filing the reports specified in the preceding paragraph with the SEC within the time periods specified above unless the SEC will not accept such a filing. The Company will not
take any action for the purpose of causing the SEC not to accept any such filings. If, notwithstanding the foregoing, the SEC will not accept the Company’s filings for any reason, the Company will make the reports referred to in the preceding
paragraph available on its website within the time periods that would apply if the Company were required to file those reports with the SEC. 
 Section
6.4    Limitations on Incurrence of Debt. 
 (a) The Company will not, and will not permit any of its
Subsidiaries to, Incur any Indebtedness, other than Intercompany Indebtedness and guarantees of Indebtedness Incurred by the Company or any of its Subsidiaries in compliance with the Indenture, if, immediately after giving effect to the Incurrence
of such Indebtedness and the application of the proceeds thereof, Total Outstanding Debt would be greater than 60% of Total Assets as of the end of the fiscal quarter covered in the Company’s annual or quarterly report most recently furnished
to Holders of the Notes or filed with the SEC, as the case may be. 
 (b) The Company will not, and will not permit any of
its Subsidiaries to, Incur any Secured Debt, other than guarantees of Secured Debt Incurred by the Company or any of its Subsidiaries in compliance with the Indenture, if, immediately after giving effect to the Incurrence of such Secured Debt and
the application of the proceeds thereof, the aggregate principal amount of Secured Debt would be greater than 40% of Total Assets as of the end of the fiscal quarter covered in the Company’s annual or quarterly report most recently furnished to
Holders of the Notes or filed with the SEC, as the case may be. 
 (c) The Company and its Subsidiaries will at all times
maintain Total Unencumbered Assets of not less than 150% of the aggregate outstanding principal amount of Unsecured Debt. 

(d) The Company will not, and will not permit any of its Subsidiaries to, Incur any Indebtedness other than Intercompany
Indebtedness and guarantees of Indebtedness Incurred by the Company or any of its Subsidiaries in compliance with the Indenture, if the ratio of Consolidated EBITDA to Interest Expense for the most recent quarterly period covered in the
Company’s annual or quarterly report most recently furnished to holders of the Notes or filed with the SEC, as the case may be and in accordance with Section 6.3 hereof, prior to such time, annualized (i.e., multiplied by four (4)) prior
to the date on which such additional Indebtedness is to be Incurred shall have been less than 1.50:1.00 on a pro forma basis after giving effect thereto and to the application of the proceeds therefrom, and calculated on the assumption that: 

(i) such Indebtedness and any other Indebtedness Incurred by the Company and its Subsidiaries since the first day of such
quarterly period and the application of the proceeds therefrom, including to refinance other Indebtedness, had occurred at the beginning of such period; 

  
 24 








 (ii) the repayment or retirement of any Indebtedness (other than Indebtedness
repaid or retired with the proceeds of any other Indebtedness, which repayment or retirement shall be calculated pursuant to the preceding clause (i)) by the Company and its Subsidiaries since the first day of such quarterly period had been repaid
or retired at the beginning of such period (except that, in making such computation, the amount of Indebtedness under any revolving credit facility shall be computed based upon the average daily balance of such Indebtedness during such period); 

(iii) in the case of Acquired Indebtedness or Indebtedness Incurred in connection with any acquisition since the first day of
such quarterly period, the related acquisition had occurred as of the first day of such period with the appropriate adjustments with respect to such acquisition being included in such pro forma calculation; and 

(iv) in the case of any acquisition or disposition of any asset or group of assets or the placement of any assets in service or
removal of any assets from service by the Company or any of its Subsidiaries from the first day of such quarterly period to the date of determination, including, without limitation, by merger, or stock or asset purchase or sale, the acquisition,
disposition, placement in service or removal from service had occurred as of the first day of such period, with appropriate adjustments to Interest Expense with respect to the acquisition, disposition, placement in service or removal from service
being included in that pro forma calculation. 
 Section 6.5    Maintenance of Properties. 

The Company shall cause all of its material properties used or useful in the conduct of its business or the business of any Subsidiary to be
maintained and kept in good condition, repair and working order, casualty and condemnation excepted (and the Company may take out of service for a period of time, any of its properties that have been condemned or suffered any loss due to casualty in
order to make such repairs, betterments and improvements), all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided,
however, notwithstanding anything herein to the contrary, (i) the Company may discontinue the maintenance of any of such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its business
or the business of any Consolidated Subsidiary and not disadvantageous in any material respect to the Holders, and (ii) the Company and its Subsidiaries may sell or otherwise dispose of any of their properties for value in the ordinary course
of business. 

  
 25 








 Section 6.6    Insurance. 

The Company shall cause each of its properties and each of the properties of its Subsidiaries to be insured against loss of damage with
insurers of recognized responsibility, in commercially reasonable amounts and types as determined by the Company and with insurers of recognized responsibility. 

ARTICLE VII 
 DEFAULTS
AND REMEDIES 
 Sections 7.1 and 7.2 hereof shall replace Sections 6.1 and 6.2 of the Base Indenture with respect to the Notes only.

 Section 7.1    Events of Default. 

“Event of Default,” wherever used herein or in the Base Indenture with respect to the Notes, means any one of the following events
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body): 
 (a) default for thirty (30) days in the payment of any installment of interest under the Notes of
such Series; or 
 (b) default in the payment of the principal amount or Redemption Price due with respect to the Notes of
such Series, when the same becomes due and payable; or 
 (c) each of the Company and the Guarantor fails to comply with any
of its other agreements contained in the Notes or the Indenture with respect to such Series upon receipt by the Company of notice of such default by the Trustee or by Holders of not less than 25% in aggregate principal amount of the Notes of such
Series then outstanding and the Company or the Guarantor, as applicable, fails to cure (or obtain a waiver of) such default within sixty (60) days after the Company receives such notice; or 

(d) failure to pay any Indebtedness that is (a) of the Company, the Guarantor or any Subsidiary in which the Company has
invested at least $75,000,000 in capital (a “Significant Subsidiary”) or any entity in which the Company is the general partner, and (b) in an outstanding principal amount in excess of $75,000,000 at final maturity or upon
acceleration after the expiration of any applicable grace period, which Indebtedness is not discharged, or such default in payment or acceleration is not cured or rescinded, within sixty (60) days after written notice to the Company from the
Trustee (or to the Company and the Trustee from Holders of at least 25% in principal amount of the outstanding Notes of such Series); or 

(e) the Company, the Guarantor or any Significant Subsidiary pursuant to or under or within meaning of any Bankruptcy Law: 

(i) commences a voluntary case or proceeding seeking liquidation, reorganization or other relief with respect to the Company,
the Guarantor or a 

  
 26 








 
Significant Subsidiary or its debts or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of the Company, the Guarantor or a Significant Subsidiary or
any substantial part of the property of the Company, the Guarantor or a Significant Subsidiary; or 
 (ii) consents to any
such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against the Company, the Guarantor or a Significant Subsidiary; or 

(iii) consents to the appointment of a custodian of it or for all or substantially of its property; or 

(iv) makes a general assignment for the benefit of creditors; or 

(f) an involuntary case or other proceeding shall be commenced against the Company, the Guarantor or any Significant Subsidiary
seeking liquidation, reorganization or other relief with respect to the Company, the Guarantor or a Significant Subsidiary or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a
trustee, receiver, liquidator, custodian or other similar official of the Company, the Guarantor or a Significant Subsidiary or any substantial part of the property of the Company, the Guarantor or a Significant Subsidiary, and such involuntary case
or other proceeding shall remain undismissed and unstayed for a period of thirty (30) calendar days; 
 (g) a court of
competent jurisdiction enters an order or decree under any Bankruptcy Law that 
 (i) is for relief against the Company, the
Guarantor or any of Significant Subsidiary in an involuntary case or proceeding; 
 (ii) appoints a trustee, receiver,
liquidator, custodian or other similar official of the Company, the Guarantor or a Significant Subsidiary or any substantial part of the property of the Company, the Guarantor or a Significant Subsidiary; or 

(iii) orders the liquidation of the Company, the Guarantor or a Significant Subsidiary; 

and, in each case in this clause (g), the order or decree remains unstayed and in effect for thirty (30) calendar days; or 

(h) failure to comply with the provisions of Section 4.4 of this Second Supplemental Indenture. 

The term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term “Custodian”
means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 

  
 27 








 Section 7.2    Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default with respect to the Notes of a particular Series at the time outstanding occurs and is continuing (other than an Event
of Default referred to in Section 7.1(e), 7.1(f) or 7.1(g)), then in every such case the Trustee or the Holders of not less than 25% in principal amount of the outstanding Notes of such Series may declare the principal amount of and
accrued and unpaid interest, if any, on all of the outstanding Notes to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified
amount) and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of Default specified in Section 7.1(e), 7.1(f) or 7.1(g) shall occur, the principal amount (or specified amount) of and accrued and
unpaid interest, if any, on all outstanding Notes of such Series shall automatically become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 

At any time after the principal amount of and premium, if any, and interest on the Notes of such Series shall have been so declared due and
payable, and before any judgment or decree for the payment of the monies due shall have been obtained or entered as hereinafter provided, Holders of a majority in aggregate principal amount of the Notes of such Series then outstanding on behalf of
the Holders of all of the Notes of such Series then outstanding, by written notice to the Company and to the Trustee, may waive all Defaults or Events of Default and rescind and annul such declaration and its consequences, subject in all respects to
Section 6.13 of the Base Indenture, if: (a) all Events of Default, other than the nonpayment of the principal amount and any accrued and unpaid interest that have become due solely because of such acceleration, have been cured or waived;
and (b) the Company or the Guarantor has deposited with the Trustee all required payments of the principal of and interest on, the Notes of such Series, plus the reasonable compensation and reimbursement for the Trustee’s expenses,
disbursements and advances pursuant to Section 7.7 of the Base Indenture. No such rescission and annulment shall extend to or shall affect any subsequent default or Event of Default, or shall impair any right consequent thereon. The Company
shall notify in writing a Responsible Officer of the Trustee, promptly upon becoming aware thereof, of any Event of Default, as provided in Section 4.3 of the Base Indenture. 

ARTICLE VIII 

AMENDMENTS AND WAIVERS 

Sections 8.1 and 8.2 hereof shall replace Sections 9.1 and 9.2 of the Base Indenture with respect to the Notes only. 

Section 8.1    Without Consent of Holders. 

The Company, when authorized by the resolutions of the Board of Directors, the Guarantor and the Trustee may, from time to time, and at any
time enter into an indenture or indentures supplemental without the consent of the Holders of the Notes hereto for one or more of the following purposes: 

(a) to cure any ambiguity, defect or inconsistency in the Indenture; provided that this action shall not adversely affect the interests
of the Holders of the Notes in any material respect; 

  
 28 








 (b) to evidence a successor to the Company as obligor or to the Guarantor as guarantor under the
Indenture with respect to such Series of Notes; 
 (c) to make any change that does not adversely affect the interests of the Holders of any
Notes then outstanding; 
 (d) to provide for the issuance of Additional Notes in accordance with the limitations set forth in the
Indenture; 
 (e) to provide for the acceptance of appointment of a successor Trustee or facilitate the administration of the trusts under
the Indenture by more than one Trustee; 
 (f) to comply with the requirements of the SEC in order to effect or maintain the qualification
of the Indenture under the TIA; 
 (g) to reflect the release of the Guarantor as guarantor, in accordance with the Indenture; 

(h) to secure the Notes; 
 (i)
to add guarantors with respect to either series of the Notes; and 
 (j) to conform the text of the Indenture, the Guarantee or the Notes to
any provision of the description thereof set forth in the Prospectus to the extent that such provision in the Prospectus was intended to be a verbatim recitation of a provision of the Indenture, such Note Guarantee or the Notes (as certified in an
Officers’ Certificate). 
 Upon the written request of the Company, accompanied by a copy of the resolutions of the Board of Directors
certified by the Guarantor’s Secretary or Assistant Secretary authorizing the execution of any supplemental indenture, the Trustee is hereby authorized to join with the Company and the Guarantor in the execution of any such supplemental
indenture, to make any further appropriate agreements and stipulations that may be therein contained and to accept the conveyance, transfer and assignment of any property thereunder, but the Trustee shall not be obligated to, but may in its
discretion, enter into any supplemental indenture that affects the Trustee’s own rights, duties or immunities under the Indenture or otherwise. 

Any supplemental indenture authorized by the provisions of this Section 8.1 may be executed by the Company, the Guarantor and the Trustee
without the consent of the Holders of any of the Notes of a Series at the time outstanding, notwithstanding any of the provisions of Section 8.2. 

Section 8.2    With Consent of Holders. 

With the consent of the Holders of not less than a majority in aggregate principal amount of the Notes of a Series at the time outstanding, the
Company, the Guarantor and the Trustee 

  
 29 








 
may, from time to time and at any time, enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Indenture with respect to a particular Series of Notes or any supplemental indenture or modifying in any manner the rights of the Holders of the Notes of such Series; provided that no such supplemental indenture shall,
without the consent of each Holder so affected: 
 (a) reduce the principal amount of the Notes whose Holders must consent to
an amendment, supplement or waiver; 
 (b) reduce the rate of or extend the time for payment of interest (including default
interest) on the Notes; 
 (c) reduce the principal of or premium, if any, on or change the Stated Maturity of the Notes;

 (d) waive a Default or Event of Default in the payment of the principal of or premium, if any, or interest on the Notes
(except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the then outstanding Notes and a waiver of the payment default that resulted from such acceleration); 

(e) make the principal of or premium, if any, or interest on the Notes payable in any currency other than that stated in the
Notes; 
 (f) make any change in Section 6.8 of the Base Indenture, 6.13 of the Base Indenture or Section 8.2(f)
hereof (this sentence); 
 (g) waive a redemption payment with respect to the Notes; or 

(h) release the Guarantor other than as provided in the Indenture or modify the Guarantee in any manner adverse to the Holders.

 Upon the written request of the Company, accompanied by a copy of the resolutions of the Board of Directors certified by the
Guarantor’s Secretary or Assistant Secretary authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of Holders as aforesaid, the Trustee shall join with the Company and the
Guarantor in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under the Indenture or otherwise, in which case the Trustee may in its discretion, but shall not
be obligated to, enter into such supplemental indenture. 
 It shall not be necessary for the consent of the Holders under this
Section 8.2 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 

  
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 ARTICLE IX 

MEETINGS OF HOLDERS OF NOTES 

Section 9.1    Purposes for Which Meetings May Be Called. 

A meeting of Holders may be called at any time and from time to time pursuant to this Article IX to make, give or take any request, demand,
authorization, direction, notice, consent, waiver or other act provided by the Indenture to be made, given or taken by Holders. 

Section 9.2    Call, Notice and Place of Meetings. 

(a) The Trustee may at any time call a meeting of Holders for any purpose specified in Section 9.1 hereof, to be held at
such time and at such place in The City of New York, New York as the Trustee shall determine. Notice of every meeting of Holders, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such
meeting, shall be given, in the manner provided in Section 10.2 of the Base Indenture, not less than 21 nor more than 180 days prior to the date fixed for the meeting. 

(b) In case at any time the Company, the Guarantor or the Holders of at least 10% in principal amount of the outstanding Notes
of a particular Series shall have requested the Trustee to call a meeting of the Holders for any purpose specified in Section 9.1 hereof, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and
the Trustee shall not have mailed notice of or made the first publication of the notice of such meeting within 21 days after receipt of such request or shall not thereafter proceed to cause the meeting to be held as provided herein, then the
Company, the Guarantor, if applicable, or the Holders in the amount above specified, as the case may be, may determine the time and the place in the City of New York, New York, for such meeting and may call such meeting for such purposes by giving
notice thereof as provided in clause (a) of this Section. 
 Section 9.3    Persons Entitled to Vote at Meetings. 

To be entitled to vote at any meeting of Holders, a person shall be (a) a Holder of one or more outstanding Notes of a particular Series,
or (b) a person appointed by an instrument in writing as proxy for a Holder or Holders of one or more outstanding Notes of the applicable Series by such Holder or Holders; provided, that none of the Company, any other obligor upon the Notes of
the applicable Series or any Affiliate of the Company shall be entitled to vote at any meeting of Holders or be counted for purposes of determining a quorum at any such meeting in respect of any Notes of a particular Series owned by such persons.
The only persons who shall be entitled to be present or to speak at any meeting of Holders shall be the persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel, any representatives of the
Guarantor and its counsel and any representatives of the Company and its counsel. 

  
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 Section 9.4    Quorum; Action. 

The persons entitled to vote a majority in principal amount of the outstanding Notes of a particular Series shall constitute a quorum for a
meeting of Holders of Notes of such Series; provided, however, that if any action is to be taken at the meeting with respect to a consent or waiver which may be given by the Holders of not less than a specified percentage in principal amount
of the outstanding Notes of the applicable Series, the persons holding or representing the specified percentage in principal amount of the outstanding Notes of such Series will constitute a quorum. In the absence of a quorum within thirty
(30) minutes after the time appointed for any such meeting, the meeting shall, if convened at the request of Holders, be dissolved. In any other case the meeting may be adjourned for a period of not less than ten (10) days as determined by
the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than ten (10) days as determined by the
chairman of the meeting prior to the adjournment of such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 9.2 hereof, except that such notice need be given only once not less than five
(5) days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the outstanding Notes which
shall constitute a quorum. 
 Except as limited by the proviso to Section 8.2 hereof, any resolution presented at a meeting or
adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of a majority in principal amount of the outstanding Notes of a particular Series; provided, however, that,
except as limited by the proviso to Section 8.2 hereof, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other action which the Indenture expressly provides may be made, given or taken by
the Holders of a specified percentage, which is less than a majority, in principal amount of the outstanding Notes of such Series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by
the affirmative vote of the Holders of such specified percentage in principal amount of the outstanding Notes of such Series. 
 Any
resolution passed or decision taken at any meeting of Holders duly held in accordance with this Section 9.4 shall be binding on all the Holders, whether or not such Holders were present or represented at the meeting. 

Section 9.5    Determination of Voting Rights; Conduct and Adjournment of Meetings. 

(a) Notwithstanding any other provisions of the Indenture, the Trustee may make such reasonable regulations as it may deem
advisable for any meeting of Holders in regard to proof of the holding of Notes and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other
evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. 

(b) The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have
been called by the Company or by Holders as provided in Section 9.2(b) hereof, in which case the Company, the Guarantor 

  
 32 








 
or the Holders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote
of the persons entitled to vote a majority in principal amount of the outstanding Notes of such Series represented at the meeting. 

(c) At any meeting, each Holder or proxy shall be entitled to one (1) vote for each $1,000 principal amount of
Notes held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Note challenged as not outstanding and ruled by the chairman of the meeting to be not outstanding. The chairman of the
meeting shall have no right to vote, except as a Holder or proxy. 
 (d) Any meeting of Holders duly called pursuant to
Section 9.2 hereof at which a quorum is present may be adjourned from time to time by persons entitled to vote a majority in principal amount of the outstanding Notes of the applicable Series represented at the meeting; and the meeting may be
held as so adjourned without further notice. 
 Section 9.6    Counting Votes and Recording Action of Meetings. 

The vote upon any resolution submitted to any meeting of Holders shall be by written ballots on which shall be subscribed the signatures of the
Holders or of their representatives by proxy and the principal amounts and serial numbers of the outstanding Notes of the applicable Series held or represented by them. The permanent chairman of the meeting shall appoint two (2) inspectors of
votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in triplicate of all votes cast at the meeting. A record, at least in
triplicate, of the proceedings of each meeting of Holders shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits
by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was given as provided in Section 9.2 hereof and, if applicable, Section 9.4 hereof. Each copy shall be
signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one (1) such copy shall be delivered to the Company and the Guarantor, and another to the Trustee to be preserved by the Trustee, the latter to
have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 

ARTICLE X 

MISCELLANEOUS PROVISIONS 

Section 10.1    Evidence of Compliance with Conditions Precedent, Certificates to Trustee. 

This Section 10.1 shall replace Sections 10.4 and 10.5 of the Base Indenture with respect to the Notes only. 

Upon any application or demand by the Company to the Trustee to take any action under any of the provisions of the Indenture, the Company
shall furnish to the Trustee an Officers’ 

  
 33 








 
Certificate stating that all conditions precedent, if any, provided for in the Indenture relating to the proposed action have been complied with, and an Opinion of Counsel stating that, in the
opinion of such counsel, all such conditions precedent have been complied with. 
 Each certificate or opinion provided for in the Indenture
and delivered to the Trustee with respect to compliance with a condition or covenant provided for in the Indenture shall include: (1) a statement that the person making such certificate or opinion has read such covenant or condition; (2) a
brief statement as to the nature and scope of the examination or investigation upon which the statement or opinion contained in such certificate or opinion is based; (3) a statement that, in the opinion of such person, such person has made such
examination or investigation as is necessary to enable such person to express an informed opinion as to whether or not such covenant or condition has been complied with; and (4) a statement as to whether or not, in the opinion of such person,
such condition or covenant has been complied with; provided, however, that with respect to matters of fact an Opinion of Counsel may rely on an Officers’ Certificate or certificates of public officials. 

Section 10.2    No Recourse Against Others.  

This Section 10.2 shall replace Section 10.8 of the Base Indenture with respect to the Notes only. 

Except as otherwise expressly provided in Article V of this Second Supplemental Indenture, no recourse for the payment of the principal of
(including the Redemption Price upon redemption pursuant to Article IV hereof) or premium, if any, or interest on any Note or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or
agreement of the Company in this Second Supplemental Indenture or in any Note, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, partner, member, manager, employee, agent,
officer, director or subsidiary, as such, past, present or future, of the Guarantor, the Company or any of the Company’s Subsidiaries or of any successor thereto, either directly or through the Guarantor, the Company or any of the
Company’s Subsidiaries or any successor thereto, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby
expressly waived and released as a condition of, and as a consideration for, the execution of this Second Supplemental Indenture and the issue of the Notes. 

Section 10.3    Trust Indenture Act Controls. 

If any provision of this Second Supplemental Indenture limits, qualifies, or conflicts with another provision which is required or deemed to be
included in this Second Supplemental Indenture by the TIA, such required or deemed provision shall control. 

Section 10.4    Governing Law and Waiver of Jury Trial. 

THIS SECOND SUPPLEMENTAL INDENTURE AND THE NOTES, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THE BASE INDENTURE, SECOND
SUPPLEMENTAL INDENTURE OR THE NOTES, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO 

  
 34 








 
CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. EACH OF THE COMPANY, THE GUARANTOR AND THE TRUSTEE, AND EACH HOLDER OF A
NOTE BY ITS ACCEPTANCE THEREOF, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE, THE NOTES, THE GUARANTEE OR THE
TRANSACTION CONTEMPLATED HEREBY. 
 Section 10.5    Counterparts. 

This Second Supplemental Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. The exchange of copies of this Second Supplemental Indenture and of signature pages by facsimile or PDF
transmission shall constitute effective execution and delivery of this Second Supplemental Indenture as to the parties hereto and may be used in lieu of the original Second Supplemental Indenture for all purposes. Signatures of the parties hereto
transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 
 Section 10.6    Successors.

 All agreements of the Company and the Guarantor in this Second Supplemental Indenture and the Notes shall bind their respective
successors. All agreements of the Trustee in this Second Supplemental Indenture shall bind its successor. 

Section 10.7    Severability. 

In case any provision in this Second Supplemental Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 10.8    Table of
Contents, Headings, Etc. 
 The Table of Contents and headings of the Articles and Sections of this Second Supplemental Indenture have
been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 

Section 10.9    Ratifications. 

The Base Indenture, as supplemented and amended by this Second Supplemental Indenture, is in all respects ratified and confirmed. The Indenture
shall be read, taken and construed as one and the same instrument. All provisions included in this Second Supplemental Indenture with respect to the Notes supersede any conflicting provisions included in the Base Indenture unless not permitted by
law. The Trustee accepts the trusts created by the Indenture, and agrees to perform the same upon the terms and conditions of the Indenture. 

  
 35 








 Section 10.10    Effectiveness. 

The provisions of this Second Supplemental Indenture shall become effective as of the date hereof. 

Section 10.11    The Trustee. 

The Trustee accepts the trusts created by the Indenture, and agrees to perform the same upon the terms and conditions of the Indenture. The
Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or the due execution thereof by the Company. The recitals contained herein shall be taken as the
statements solely of the Company, and the Trustee assumes no responsibility for the correctness thereof. If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Notes), excluding any creditor relationship
listed in TIA Section 311(b), the Trustee shall be subject to the provisions of the TIA regarding the collection of the claims against the Company (or any such other obligor). If the Trustee has or shall acquire a conflicting interest within
the meaning of the TIA, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the TIA and this Indenture. 

[remainder of page intentionally left blank] 

  
 36 








 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly
executed by their respective officers hereunto duly authorized, all as of the day and year first written above. 
  

			
	 DIGITAL REALTY TRUST, L.P.,
 as the
Company

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


  

			
	By:	 	 /s/ Andrew Power

		 	Name:   Andrew Power
		 	Title:     Chief Financial Officer


  

			
	 DIGITAL REALTY TRUST, INC.,
 as the
Guarantor

		
	By:	 	 /s/ Andrew Power

		 	Name:   Andrew Power
		 	Title:     Chief Financial Officer


 [Signature Page to Second Supplemental Indenture] 







 
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as the Trustee

		
	By:	 	 /s/ Maddy Hughes

		 	Name:   Maddy Hughes
		 	Title:     Vice President


 [Signature Page to Second Supplemental Indenture] 







 EXHIBIT A 

DIGITAL REALTY TRUST, L.P. 
 THIS GLOBAL
NOTE IS HELD BY THE DEPOSITORY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE
TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 3.2 OF THE SECOND SUPPLEMENTAL INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 3.2 OF THE SECOND SUPPLEMENTAL
INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE BASE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITORY WITH THE PRIOR WRITTEN CONSENT OF THE
COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE
DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

  
 A-1 








 DIGITAL REALTY TRUST, L.P. 

2.750% NOTES DUE 2023 
 Certificate No.
[            ] 
 CUSIP No.:
[            ] 
 ISIN:
[            ] 

$[        ] 

Digital Realty Trust, L.P., a Maryland limited partnership (herein called the “Company”, which term includes any successor corporation under the
Indenture referred to on the reverse hereof), for value received hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of [        ] MILLION DOLLARS
($[        ])[, or such lesser amount as is set forth in the Schedule of Exchanges of Interests in the Global Note on the other side of this Note,] on February 1, 2023 at the office or agency of
the Company maintained for that purpose in accordance with the terms of the Indenture, in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts, and to pay
interest semi-annually in arrears on February 1 and August 1 of each year, commencing February 1, 2018, on said principal sum at said office or agency, in like coin or currency, at the rate per annum of 2.750%, from February 1 or
August 1, as the case may be, next preceding the date of this Note to which interest has been paid or duly provided for, unless no interest has been paid or duly provided for on the Notes, in which case from August 7, 2017, until payment
of said principal sum has been made or duly provided for. The Company shall pay interest to Holders of record on the January 15 or July 15 preceding the applicable February 1 or August 1 interest payment date, respectively, in
accordance with the terms of the Indenture. The Company shall pay interest on any Notes in certificated form by check mailed to the address of the person entitled thereto; provided, however, that a Holder of any Notes in certificated form in the
aggregate principal amount of more than $2,000,000 may specify by written notice to the Company that it pay interest by wire transfer of immediately available funds to the account specified by the Holder in such notice, or on any Global Notes by
wire transfer of immediately available funds to the account of the Depository or its nominee. 
 The Company promises to pay interest on overdue principal,
premium, if any, and (to the extent that payment of such interest is enforceable under applicable law) interest at the rate of 1% per annum above the rate borne by the Notes. 

Reference is made to the further provisions of this Note set forth on the reverse hereof and the Indenture governing this Note. Such further provisions shall
for all purposes have the same effect as though fully set forth at this place. 
 This Note shall not be valid or become obligatory for any purpose until
the certificate of authentication hereon shall have been signed manually or by facsimile by the Trustee or a duly authorized authenticating agent under the Indenture. 

  
 A-2 








 IN WITNESS WHEREOF, the Company has caused this Note to be duly executed. 

Dated: [            ], 20[    ] 

 

			
	DIGITAL REALTY TRUST, L.P.
	
	By: Digital Realty Trust, Inc., Its Sole General Partner


 
			
		 	
	By:	 	  

	Name:	 	
	Title:	 	



  
 A-3 








 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes described in the within-named Indenture. 

Dated: [            ], 20[    ] 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory



  
 A-4 








 [FORM OF REVERSE SIDE OF NOTE] 

DIGITAL REALTY TRUST, L.P. 

2.750% NOTES DUE 2023 
 This Note is one of
a duly authorized issue of Securities of the Company, designated as its 2.750% Notes due 2023 (herein called the “Notes”), issued under and pursuant to an Indenture dated as of June 23, 2015 (herein called the “Base
Indenture”), among the Company, the Guarantor and Wells Fargo Bank, National Association, as trustee (herein called the “Trustee”), as supplemented by the Supplemental Indenture No. 2, dated as of August 7, 2017 (herein
called the “Second Supplemental Indenture,” and together with the Base Indenture, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations
of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders of the Notes. Capitalized terms used but not otherwise defined in this Note shall have the respective meanings ascribed thereto in the Indenture.

 If an Event of Default (other than an Event of Default specified in Sections 7.1(e), 7.1(f) and 7.1(g) of the Second Supplemental Indenture with respect
to the Company) occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest on all Notes may be declared to be due and payable by either the Trustee or the Holders of at least 25% in aggregate principal amount of the
Notes then outstanding, and, upon said declaration the same shall be immediately due and payable. If an Event of Default specified in Sections 7.1(e), 7.1(f) and 7.1(g) of the Second Supplemental Indenture occurs with respect to the Company, the
principal of and premium, if any, and interest accrued and unpaid on all the Notes shall be immediately and automatically due and payable without necessity of further action. 

The Indenture contains provisions permitting the Company and the Trustee, with the consent of the Holders of not less than a majority in aggregate principal
amount of the Notes at the time outstanding, to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the
rights of the Holders of the Notes, subject to exceptions set forth in Section 8.2 of the Second Supplemental Indenture. Subject to the provisions of the Indenture, the Holders of not less than a majority in aggregate principal amount of the
Notes at the time outstanding may, on behalf of the Holders of all of the Notes, waive any past default or Event of Default, subject to exceptions set forth in the Indenture. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall impair, as among the Company and the Holder of the Notes, the
obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Note at the place, at the respective times, at the rate and in the coin or currency prescribed herein and in the
Indenture. 
 Interest on the Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. 
 The Notes are issuable in fully registered form, without coupons, in denominations of $2,000 principal
amount and any multiple of $1,000 in excess thereof. At the office or agency of the 

  
 A-5 








 
Company referred to on the face hereof, and in the manner and subject to the limitations provided in the Indenture, without payment of any service charge but with payment of a sum sufficient to
cover any tax, assessment or other governmental charge that may be imposed in connection with any registration or exchange of Notes, Notes may be exchanged for a like aggregate principal amount of Notes of any other authorized denominations. 

The Company shall have the right to redeem the Notes under certain circumstances as set forth in Section 4.1, Section 4.2 and Section 4.3 of
the Second Supplemental Indenture. 
 The Notes are not subject to redemption through the operation of any sinking fund. 

Except as expressly provided in Article V of the Second Supplemental Indenture, no recourse for the payment of the principal of (including the Redemption
Price (as defined in Section 4.1 of the Second Supplemental Indenture) upon redemption pursuant to Article IV of the Second Supplemental Indenture) or any premium, if any, or interest on this Note, or for any claim based hereon or
otherwise in respect hereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or in any Note, or because of the creation of any indebtedness represented thereby, shall be had against any
incorporator, stockholder, partner, member, manager, employee, agent, officer, director or subsidiary, as such, past, present or future, of the Guarantor, the Company or any of the Company’s Subsidiaries or of any successor thereto, either
directly or through the Guarantor, the Company or any of the Company’s subsidiaries or of any successor thereto, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it
being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as consideration for, the execution of the Indenture and the issue of this Note. 

  
 A-6 








 ASSIGNMENT FORM 

 

			
	 To assign this Note, fill in the form below:
	  	
		
	
(I) or (we) assign and transfer this Note to: 
	  	 
		  	 (Insert assignee’s legal name)

 

	 (Insert assignee’s soc. sec. or tax I.D. no.)

 



	
	
	 
	
	 
	
	 
	
	 
	(Print or type assignee’s name, address and zip code)

  

			
	 and irrevocably appoint  
	 	 
	 to transfer this Note on the books of the Company. The agent may substitute another to act for
him.


  

			
	 Date:
                    
	  	

  

			
	 Your Signature:  
	 	 
	 (Sign exactly as your name appears on the face of this
Note)



 Signature Guarantee*:
                     
  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 


  
 A-7 








 SCHEDULE OF EXCHANGES OF
INTERESTS IN THE GLOBAL NOTE * 
 The following exchanges of a part of this
Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: 

 

									
	 Date of

Exchange
	 	 Amount of

decrease in

principal amount 
at maturity of 
this Global Note
	 	 Amount of

increase in
 principal amount

at maturity of 
this Global Note
	 	 Principal amount 
at maturity of

this Global Note
 following such

decrease 
(or increase)
	 	 Signature of

authorized
 officer of Trustee

or Custodian

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

	*	This schedule should be included only if the Note is issued in global form. 


  
 A-8 








 EXHIBIT B 

DIGITAL REALTY TRUST, L.P. 
 THIS GLOBAL
NOTE IS HELD BY THE DEPOSITORY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE
TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 3.2 OF THE SECOND SUPPLEMENTAL INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 3.2 OF THE SECOND SUPPLEMENTAL
INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE BASE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITORY WITH THE PRIOR WRITTEN CONSENT OF THE
COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE
DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

  
 B-1 








 DIGITAL REALTY TRUST, L.P. 

3.700% NOTES DUE 2027 
 Certificate No.
[            ] 
 CUSIP No.:
[            ] 
 ISIN:
[            ] 

$[        ] 

Digital Realty Trust, L.P., a Maryland limited partnership (herein called the “Company”, which term includes any successor corporation under the
Indenture referred to on the reverse hereof), for value received hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of [        ] MILLION DOLLARS
($[        ])[, or such lesser amount as is set forth in the Schedule of Exchanges of Interests in the Global Note on the other side of this Note,] on August 15, 2027 at the office or agency of the
Company maintained for that purpose in accordance with the terms of the Indenture, in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts, and to pay
interest semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2018, on said principal sum at said office or agency, in like coin or currency, at the rate per annum of 3.700%, from
February 15 or August 15, as the case may be, next preceding the date of this Note to which interest has been paid or duly provided for, unless no interest has been paid or duly provided for on the Notes, in which case from August 7,
2017, until payment of said principal sum has been made or duly provided for. The Company shall pay interest to Holders of record on the February 1 or August 1 preceding the applicable February 15 or August 15 interest payment
date, respectively, in accordance with the terms of the Indenture. The Company shall pay interest on any Notes in certificated form by check mailed to the address of the person entitled thereto; provided, however, that a Holder of any Notes in
certificated form in the aggregate principal amount of more than $2,000,000 may specify by written notice to the Company that it pay interest by wire transfer of immediately available funds to the account specified by the Holder in such notice, or
on any Global Notes by wire transfer of immediately available funds to the account of the Depository or its nominee. 
 The Company promises to pay interest
on overdue principal, premium, if any, and (to the extent that payment of such interest is enforceable under applicable law) interest at the rate of 1% per annum above the rate borne by the Notes. 

Reference is made to the further provisions of this Note set forth on the reverse hereof and the Indenture governing this Note. Such further provisions shall
for all purposes have the same effect as though fully set forth at this place. 
 This Note shall not be valid or become obligatory for any purpose until
the certificate of authentication hereon shall have been signed manually or by facsimile by the Trustee or a duly authorized authenticating agent under the Indenture. 

  
 B-2 








 IN WITNESS WHEREOF, the Company has caused this Note to be duly executed. 

Dated: [            ], 20[    ] 

 

			
	DIGITAL REALTY TRUST, L.P.
	
	By: Digital Realty Trust, Inc., Its Sole General Partner


 
			
		 	
	By:	 	  

	Name:	 	
	Title:	 	



  
 B-3 








 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes described in the within-named Indenture. 

Dated: [            ], 20[    ] 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory



  
 B-4 








 [FORM OF REVERSE SIDE OF NOTE] 

DIGITAL REALTY TRUST, L.P. 

3.700% NOTES DUE 2027 
 This Note is one of
a duly authorized issue of Securities of the Company, designated as its 3.700% Notes due 2027 (herein called the “Notes”), issued under and pursuant to an Indenture dated as of June 23, 2015 (herein called the “Base
Indenture”), among the Company, the Guarantor and Wells Fargo Bank, National Association, as trustee (herein called the “Trustee”), as supplemented by the Supplemental Indenture No. 2, dated as of August 7, 2017 (herein
called the “Second Supplemental Indenture,” and together with the Base Indenture, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations
of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders of the Notes. Capitalized terms used but not otherwise defined in this Note shall have the respective meanings ascribed thereto in the Indenture.

 If an Event of Default (other than an Event of Default specified in Sections 7.1(e), 7.1(f) and 7.1(g) of the Second Supplemental Indenture with respect
to the Company) occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest on all Notes may be declared to be due and payable by either the Trustee or the Holders of at least 25% in aggregate principal amount of the
Notes then outstanding, and, upon said declaration the same shall be immediately due and payable. If an Event of Default specified in Sections 7.1(e), 7.1(f) and 7.1(g) of the Second Supplemental Indenture occurs with respect to the Company, the
principal of and premium, if any, and interest accrued and unpaid on all the Notes shall be immediately and automatically due and payable without necessity of further action. 

The Indenture contains provisions permitting the Company and the Trustee, with the consent of the Holders of not less than a majority in aggregate principal
amount of the Notes at the time outstanding, to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the
rights of the Holders of the Notes, subject to exceptions set forth in Section 8.2 of the Second Supplemental Indenture. Subject to the provisions of the Indenture, the Holders of not less than a majority in aggregate principal amount of the
Notes at the time outstanding may, on behalf of the Holders of all of the Notes, waive any past default or Event of Default, subject to exceptions set forth in the Indenture. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall impair, as among the Company and the Holder of the Notes, the
obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Note at the place, at the respective times, at the rate and in the coin or currency prescribed herein and in the
Indenture. 
 Interest on the Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. 
 The Notes are issuable in fully registered form, without coupons, in denominations of $2,000 principal
amount and any multiple of $1,000 in excess thereof. At the office or agency of the 

  
 B-5 








 
Company referred to on the face hereof, and in the manner and subject to the limitations provided in the Indenture, without payment of any service charge but with payment of a sum sufficient to
cover any tax, assessment or other governmental charge that may be imposed in connection with any registration or exchange of Notes, Notes may be exchanged for a like aggregate principal amount of Notes of any other authorized denominations. 

The Company shall have the right to redeem the Notes under certain circumstances as set forth in Section 4.1, Section 4.2 and Section 4.3 of
the Second Supplemental Indenture. 
 The Notes are not subject to redemption through the operation of any sinking fund. 

Except as expressly provided in Article V of the Second Supplemental Indenture, no recourse for the payment of the principal of (including the Redemption
Price (as defined in Section 4.1 of the Second Supplemental Indenture) upon redemption pursuant to Article IV of the Second Supplemental Indenture) or any premium, if any, or interest on this Note, or for any claim based hereon or
otherwise in respect hereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or in any Note, or because of the creation of any indebtedness represented thereby, shall be had against any
incorporator, stockholder, partner, member, manager, employee, agent, officer, director or subsidiary, as such, past, present or future, of the Guarantor, the Company or any of the Company’s Subsidiaries or of any successor thereto, either
directly or through the Guarantor, the Company or any of the Company’s subsidiaries or of any successor thereto, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it
being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as consideration for, the execution of the Indenture and the issue of this Note. 

  
 B-6 








 ASSIGNMENT FORM 

 

			
	To assign this Note, fill in the form below:	  	
		
	 (I) or (we) assign and transfer this Note to:
	  	 
		  	 (Insert assignee’s legal
name)



			
		
	 	  	 
	 (Insert assignee’s soc. sec. or tax I.D.
no.)

		
	 	  	 
		
	 	  	 
		
	 	  	 
		
	 	  	 
	 (Print or type assignee’s name, address and zip
code)


  

					
	 and irrevocably appoint 
	 	 

 to transfer this Note on the
books of the Company. The agent may substitute another to act for him. 

					
			
	
Date:                  
   
	  		  	

  

					
		 	Your Signature:	 	  

		 	    (Sign exactly as your name appears on the face of this Note)


Signature
Guarantee*:                                       
                    
  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 


  
 B-7 








 SCHEDULE OF EXCHANGES OF
INTERESTS IN THE GLOBAL NOTE * 
 The following exchanges of a part of this
Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: 

 

									
	 Date of
Exchange
	 	
Amount of
decrease in
principal amount
at maturity of

this Global Note
	 	 Amount of
increase in
principal amount

at maturity of 
this Global Note
	 	 Principal amount

at maturity of
this Global Note

following such
decrease 
(or increase)
	 	
Signature of
authorized
officer of Trustee
or 
Custodian

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

	*	This schedule should be included only if the Note is issued in global form. 


  
 B-8 








 EXHIBIT C 

[FORM OF NOTATION OF GUARANTEE] 
 The Guarantor
listed below (hereinafter referred to as the “Guarantor,” which term includes any successors or assigns under the Indenture, dated June 23, 2015, among the Guarantor, the Company (defined below) and Wells Fargo Bank, National
Association, as trustee (the “Base Indenture”), as supplemented by the Supplemental Indenture No. 2, dated the date hereof (the “Second Supplemental Indenture” and, together with the Base Indenture, the
“Indenture”), has irrevocably and unconditionally guaranteed on a senior basis the Guarantee Obligations (as defined in Section 5.1 of the Second Supplemental Indenture), which include (i) the due and punctual payment of the
principal of, premium, if any, and interest, if any, on the [2.750% Notes due 2023][3.700% Notes due 2027] (the “Notes”) of Digital Realty Trust, L.P., a Maryland limited partnership (the “Company”), whether at maturity, by
acceleration, call for redemption or otherwise, the due and punctual payment of interest on the overdue principal and premium, if any, and (to the extent permitted by law) interest on any interest on the Notes, and the due and punctual performance
of all other obligations of the Company, to the Holders of the Notes or the Trustee all in accordance with the terms set forth in Article V of the Second Supplemental Indenture, and (ii) in case of any extension of time of payment or renewal of
any Notes or any such other obligations, that the same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at maturity, by acceleration, call for redemption or otherwise. 

The obligations of the Guarantor to the Holders of the Notes and to the Trustee pursuant to this Guarantee and the Indenture are expressly set forth in
Article V of the Second Supplemental Indenture and reference is hereby made to such Indenture for the precise terms of this Guarantee. 
 No past, present
or future director, officer, employee, incorporator or stockholder (direct or indirect) of the Guarantor (or any such successor entity), as such, shall have any liability for any obligations of the Guarantor under this Guarantee or the Indenture or
for any claim based on, in respect of, or by reason of, such obligations or their creation. 
 The Guarantor hereby waives diligence, presentment, demand of
payment, filing of claims with a court in the event of merger or bankruptcy of the Company, any right to require a proceeding first against the Company, the benefit of discussion, protest or notice with respect to the Notes and all demands
whatsoever. 
 This is a continuing Guarantee and shall remain in full force and effect and shall be binding upon the Guarantor and its successors and
assigns until full and final payment of all of the Company’s obligations under the Notes and Indenture or until legally discharged in accordance with the Indenture and shall inure to the benefit of the successors and assigns of the Trustee and
the Holders of the Notes, and, in the event of any transfer or assignment of rights by any Holder of the Notes or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend to and be vested in such transferee
or assignee, all subject to the terms and conditions hereof. This is a Guarantee of payment and performance and not of collectability. 

  
 C-1 








 This Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the
Note upon which this Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual or facsimile signature of one of its authorized officers. 

The obligations of the Guarantor under this Guarantee shall be limited to the extent necessary to insure that it does not constitute a fraudulent conveyance
under applicable law. 
 THE TERMS OF ARTICLE V OF THE SECOND SUPPLEMENTAL INDENTURE ARE INCORPORATED HEREIN BY REFERENCE. 

Capitalized terms used herein have the same meanings given in the Indenture unless otherwise indicated. 

  
 C-2 








 IN WITNESS WHEREOF, the Guarantor has caused this instrument to be duly executed. 

Dated: [            ], 20[    ] 

 

			
	Digital Realty Trust, Inc.


 
			
		
	By:	 	  

		 	Name:
		 	Title:



  
 C-3