EX-10.1



 Exhibit 10.1 

AMENDMENT NO. 5 
 TO

 AMENDED AND RESTATED 

AGREEMENT OF LIMITED PARTNERSHIP 

OF 
 DUPONT FABROS
TECHNOLOGY, L.P. 
 May 17, 2016 

This Amendment No. 5 to the Amended and Restated Agreement of Limited Partnership of DuPont Fabros Technology, L.P. (this
“Amendment”) is made as of May 17, 2016 by DuPont Fabros Technology, Inc., a Maryland corporation (the “Company”), as sole general partner of DuPont Fabros Technology, L.P., a Maryland limited
partnership (the “Partnership”), pursuant to the authority granted to the Company in the Amended and Restated Agreement of Limited Partnership of DuPont Fabros Technology, L.P., dated as of October 24, 2007, as amended
(the “Partnership Agreement”), for the purpose of issuing additional Partnership Units in the form of Series C Preferred Partnership Units (as defined below). Capitalized terms used and not defined herein shall have the
meanings set forth in the Partnership Agreement. 
 WHEREAS, a Pricing Committee of the Board of Directors (the
“Board”) of the Company adopted resolutions on May 9, 2016 classifying and designating 8,050,000 shares of Preferred Stock (as defined in the Articles of Amendment and Restatement of the Company (the
“Charter”)) as Series C Preferred Stock (as defined below); 
 WHEREAS, the Company filed Articles Supplementary to
the Charter with the State Department of Assessments and Taxation of Maryland, effective on May17, 2016, establishing the Series C Preferred Stock, with such preferences, rights, powers, restrictions, limitations as to distributions, qualifications
and terms and conditions of redemption as described in the Series C Articles Supplementary (as defined below); 
 WHEREAS, on May 17,
2016, the Company issued 7,000,000 shares of the Series C Preferred Stock; as of the date hereof, the Company is authorized to issue an additional 1,050,000 shares of Series C Preferred Stock; and 

WHEREAS, the Company has determined that, in connection with the issuance of the Series C Preferred Stock, it is necessary and desirable to
amend the Partnership Agreement to create additional Partnership Units in the form of Series C Preferred Partnership Units (as defined below) having designations, preferences and other rights which are substantially the same as the economic rights
of the Series C Preferred Stock. 
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the
receipt and sufficiency of which hereby are acknowledged, the Company hereby amends the Partnership Agreement as follows: 
 1.
Article 1 of the Partnership Agreement is hereby amended to add the following definitions: 
 “Series C Articles
Supplementary” shall mean the Articles Supplementary Establishing and Fixing the Rights and Preferences of a Series of Preferred Stock, designating the rights and preferences of the 6.625% Series C Cumulative Redeemable Perpetual Preferred
Stock, filed as part of the Company’s Charter with the State Department of Assessments and Taxation of Maryland, effective on May 17, 2016. 







 “Series C Preferred Partnership Interests” shall mean an ownership
interest in the Partnership evidenced by the Series C Preferred Partnership Units, having a preference in payment of distributions or on liquidation as set forth in this Amendment. 

“Series C Preferred Partnership Units” shall mean the series of Preferred Partnership Units established pursuant to
this Amendment, representing a fractional, undivided share of the Series C Preferred Partnership Interests of all Partners issued under the Partnership Agreement. 

“Series C Preferred Stock” shall mean the 6.625% Series C Cumulative Redeemable Perpetual Preferred Stock of the
Company, with such preferences, rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption as described in the Series C Articles Supplementary. 

2. In accordance with Section 4.3 of the Partnership Agreement, set forth in Exhibit I hereto are the terms and conditions of the
Series C Preferred Partnership Units hereby established and issued to the Company in consideration of its contribution to the Partnership of the proceeds of the issuance and sale of the Series C Preferred Stock by the Company. The Partnership
Agreement is amended to incorporate such Exhibit I as Exhibit I thereto and to replace Exhibit A thereto with a revised Exhibit A to reflect the issuance of the Series C Preferred Partnership Units. 

3. Except as modified herein, all terms and conditions of the Partnership Agreement shall remain in full force and effect, which terms and
conditions the Company hereby ratifies and confirms. 
 4. This Amendment shall be construed and enforced in accordance with and governed by
the laws of the State of Maryland, without regard to conflicts of law. 
 5. If any provision of this Amendment is or becomes invalid,
illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not be affected thereby. 

[Signature Page to Amendment No. 5 to the Amended and Restated Agreement 

of Limited Partnership of DuPont Fabros Technology, L.P. follows] 

  
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 IN WITNESS WHEREOF, the undersigned has executed this Amendment as of the date first set forth
above. 
  

			
	DUPONT FABROS TECHNOLOGY, INC.
	As sole general partner of DuPont Fabros Technology, L.P.
		
	By:	 	/s/ Christopher P.Eldredge
		 	Christopher P. Eldredge
		 	President and Chief Executive Officer


 [Signature Page to Amendment No. 5 to the Amended and Restated Agreement 

of Limited Partnership of DuPont Fabros Technology, L.P.] 

  
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 EXHIBIT I 

DESIGNATION OF TERMS AND CONDITIONS OF 

SERIES C PREFERRED PARTNERSHIP UNITS 

A. Designation and Number. A series of Preferred Partnership Units, designated as Series C Preferred Partnership Units, is hereby
established. The number of Series C Preferred Partnership Units shall be 8,050,000. 
 B. Rank. The Series C Preferred Partnership
Units will, with respect to rights to receive distributions and to participate in distributions or payments upon liquidation, dissolution or winding up of the Partnership, rank (a) senior to the Common Partnership Units and any other
Partnership Units of the Company, now or hereafter issued and outstanding, the terms of which provide that such Partnership Units rank, as to distributions and upon liquidation, dissolution or winding up of the Partnership, junior to such Series C
Preferred Partnership Units (“Junior Units”), (b) on a parity with the Series A Preferred Partnership Units (as defined in the Partnership Agreement), the Series B Preferred Partnership Units (as defined in the
Partnership Agreement) and any other Partnership Units of the Partnership, now or hereafter issued and outstanding, other than Partnership Units referred to in clauses (a) and (c) (“Parity Units”); and
(c) junior to all Partnership Units of the Partnership the terms of which specifically provide that such Partnership Units rank senior to the Series C Preferred Partnership Units. 

C. Distributions. 
 (i)
Subject to the rights of holders of any Preferred Partnership Units ranking senior to the Series C Preferred Partnership Units as to the payment of distributions, the Company, in its capacity as the holder of the then outstanding Series C Preferred
Partnership Units, shall be entitled to receive, when, as and if authorized by the Company, out of funds legally available for payment of distributions, cumulative cash distributions at the rate of 6.625% per annum of the $25 liquidation
preference of each Series C Preferred Partnership Unit (equivalent to $1.65625 per annum per Series C Preferred Partnership Unit). 
 (ii)
Distributions on each outstanding Series C Preferred Partnership Unit shall be cumulative from and including the date of original issuance and shall be payable (i) for the period from May 17, 2016 to August 15, 2016, on
August 15, 2016, and (ii) for each quarterly distribution period thereafter, quarterly in equal amounts in arrears on the 15th of each February, May, August and November, commencing on August 15, 2016 (each such day being hereinafter
called a “Series C Distribution Payment Date”) at the then applicable annual rate; provided, however, that if any Series C Distribution Payment Date falls on any day other than a Business Day (as defined in the Series
C Articles Supplementary), the distribution which would otherwise have been payable on such Series C Distribution Payment Date may be paid on the next succeeding Business Day with the same force and effect as if paid on such Series C Distribution
Payment Date, and no interest or other sums shall accrue on the amount so payable from such Series C Distribution Payment Date to such next succeeding Business Day. Each distribution is payable to holders of record as they appear on the Partnership
Unit records of the Partnership at the close of business on the record date, not exceeding 30 days preceding the applicable Series C Distribution Payment Date, as shall be fixed by the Company. Distributions shall accumulate from the date of
original issue or the most recent Series C Distribution Payment Date to which distribution have been paid, whether or not there shall be funds legally available for the payment of such distributions, whether the Partnership has earnings or whether
such distributions are authorized. No interest, or sum of money in lieu of interest, shall be payable in respect of any distribution payment or payments on the Series C Preferred Partnership Units that may be in arrears. Holders of the Series C
Preferred Partnership Units shall not be entitled to any distributions, whether payable in cash, property or stock, in excess of full cumulative distributions, as herein provided, on the Series C Preferred Partnership








 
Units. Distributions payable on the Series C Preferred Partnership Units for any period greater or less than a full distribution period will be computed on the basis of a 360-day year consisting
of twelve 30-day months. Distributions payable on the Series C Preferred Partnership Units for each full distribution period will be computed by dividing the applicable annual distribution rate by four. After full cumulative distributions on the
Series C Preferred Partnership Units have been paid or declared and funds therefor set aside for payment with respect to a distribution period, the holders of Series C Preferred Partnership Units will not be entitled to any further distributions
with respect to that distribution period. 
 (iii) No distributions on the Series C Preferred Partnership Units shall be authorized and
declared by the Partnership or paid or set apart for payment by the Partnership at such time as the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, prohibits such declaration, payment
or setting apart for payment or provides that such declaration, payment or setting apart for payment would constitute a breach thereof, or a default thereunder, or if such declaration or payment shall be restricted or prohibited by law. 

(iv) So long as any Series C Preferred Partnership Units are outstanding, no distributions, except as described in the immediately following
sentence, shall be authorized and declared or paid or set apart for payment on any series or class or classes of Parity Units for any period unless full cumulative distributions have been declared and paid or are contemporaneously declared and paid
or declared and a sum sufficient for the payment thereof set apart for such payment on the Series C Preferred Partnership Units for all prior distribution periods. When distributions are not paid in full or a sum sufficient for such payment is not
set apart, as aforesaid, all distributions authorized and declared upon the Series C Preferred Partnership Units and all distributions authorized and declared upon any other series or class or classes of Parity Units shall be authorized and declared
ratably in proportion to the respective amounts of distributions accumulated and unpaid on the Series C Preferred Partnership Units and such Parity Units. 

(v) So long as any Series C Preferred Partnership Units are outstanding, no distributions (other than distributions paid solely in Junior
Units of, or in options, warrants or rights to subscribe for or purchase, Junior Units) shall be authorized and declared or paid or set apart for payment or other distribution authorized and declared or made upon Junior Units, nor shall any Junior
Units be redeemed, purchased or otherwise acquired (other than a redemption, purchase or other acquisition of Partnership Units made for purposes of and in compliance with requirements of an employee incentive or benefit plan of the Company or any
subsidiary, or a conversion into or exchange for Junior Units or redemptions for the purpose of preserving the Company’s qualification as a REIT (as defined in the Charter), or redemptions of Partnership Units pursuant to Article 8 of the
Partnership Agreement), for any consideration (or any monies to be paid to or made available for a sinking fund for the redemption of any such units) by the Partnership, directly or indirectly (except by conversion into or exchange for Junior
Units), unless in each case full cumulative distributions on all outstanding shares of Series C Preferred Partnership Units and any Parity Units at the time such distributions are payable shall have been paid or set apart for payment for all past
distribution periods with respect to the Series C Preferred Partnership Units and all past distribution periods with respect to such Parity Units. 

(vi) Any distribution payment made on the Series C Preferred Partnership Units shall first be credited against the earliest accrued but unpaid
distribution due with respect to such Units which remains payable. 
 (vii) Except as provided herein, the Series C Preferred Partnership
Units shall not be entitled to participate in the earnings or assets of the Partnership. 

  
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 (viii) As used herein, the term “distribution” does not include distributions payable
solely in Junior Units on Junior Units, or in options, warrants or rights to holders of Junior Units to subscribe for or purchase any Junior Units. 

D. Liquidation Preference. 

(i) In the event of any liquidation, dissolution or winding up of the Partnership, whether voluntary or involuntary, before any payment or
distribution of the assets of the Partnership shall be made to or set apart for the holders of Junior Units, the holders of the Series C Preferred Partnership Units shall be entitled to receive $25 per Unit (the “Liquidation
Preference”) plus an amount per Unit equal to all distributions (whether or not earned or declared) accumulated and unpaid thereon to, but not including, the date of final distribution to such holders; but such holders of the Series C
Preferred Partnership Units shall not be entitled to any further payment. If, upon any such liquidation, dissolution or winding up of the Partnership, the assets of the Partnership, or proceeds thereof, distributable among the holders of the Series
C Preferred Partnership Units shall be insufficient to pay in full the preferential amount aforesaid and liquidating payments on any other Parity Units, then such assets, or the proceeds thereof, shall be distributed among the holders of such Series
C Preferred Partnership Units and any such other Parity Units ratably in accordance with the respective amounts that would be payable on such Series C Preferred Partnership Units and any such other Parity Units if all amounts payable thereon were
paid in full. For the purposes of this Section D, none of (i) a consolidation or merger of the Partnership with one or more entities, (ii) a statutory Unit exchange or (iii) a sale or transfer of all or substantially all
of the Partnership’s assets shall be deemed to be a liquidation, dissolution or winding up, voluntary or involuntary, of the Partnership. 

(ii) Subject to the rights of the holders of Parity Units, upon any liquidation, dissolution or winding up of the Partnership, after payment
shall have been made in full to the holders of the Series C Preferred Partnership Units, as provided in this Section D, any series or class or classes of Junior Units shall, subject to any respective terms and provisions applying
thereto, be entitled to receive any and all assets remaining to be paid or distributed, and the holders of the Series C Preferred Partnership Units shall not be entitled to share therein. 

E. Redemption. In connection with the redemption by the Company of any shares of Series C Preferred Stock in accordance with the
provisions of the Series C Articles Supplementary, the Partnership shall provide cash to the Company for such purpose which shall be equal to the redemption price (as set forth in the Series C Articles Supplementary), plus any accumulated and unpaid
dividends on the Series C Preferred Stock (whether or not declared), to, but not including, the redemption date, and one Series C Preferred Partnership Unit shall be concurrently redeemed with respect to each share of Series C Preferred Stock so
redeemed by the Company. From and after the applicable redemption date, the Series C Preferred Partnership Units so redeemed shall no longer be outstanding and all rights hereunder, to distributions or otherwise, with respect to such Series C
Preferred Partnership Units shall cease. Any Series C Preferred Partnership Units so redeemed may be reissued to the Company at such time as the Company reissues a corresponding number of shares of Series C Preferred Stock so redeemed or
repurchased, in exchange for the contribution by the Company to the Partnership of the proceeds from such reissuance. 
 F. Voting
Rights. Except as required by applicable law or the Partnership Agreement, the holder of the Series C Preferred Partnership Units, as such, shall have no voting rights. 

G. Conversion. The Series C Preferred Partnership Units are not convertible into or exchangeable for any other property or securities
of the Partnership, except as provided herein. 

  
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 (i) In the event of a conversion of any Series C Preferred Stock into common stock of the
Company, par value $0.001 per share (“Common Stock”), in accordance with the Series C Articles Supplementary, upon conversion of such Series C Preferred Stock, the Partnership shall convert an equal whole number of the Series
C Preferred Partnership Units into Common Partnership Units as such shares of Series C Preferred Stock are converted into shares of Common Stock. In the event of a conversion of any Series C Preferred Stock into consideration other than Common Stock
in accordance with the Series C Articles Supplementary, the Partnership shall retire a number of Series C Preferred Partnership Units equal to the number of shares of Series C Preferred Stock converted into such other form of consideration. In the
event of a conversion of the Series C Preferred Stock into Common Stock, to the extent the Company is required to pay cash in lieu of fractional shares of Common Stock pursuant to the Series C Articles Supplementary in connection with such
conversion, the Partnership shall distribute an equal amount of cash to the Company. 
 (ii) Following any such conversion retirement by the
Partnership pursuant to this Section G, the Company shall make such revisions to the Partnership Agreement as it determines are necessary to reflect such conversion. 

H. Restriction on Ownership. The Series C Preferred Partnership Units shall be owned and held solely by the Company. 

I. Allocations. Allocations of the Partnership’s items of income, gain, loss and deduction shall be allocated pro rata among
holders of Series C Preferred Partnership Units in accordance with Article VI of the Partnership Agreement. 
 * * * 

  
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