EXHIBIT 10.14



 Exhibit 10.14 
 STEVEN G. OSGOOD 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this “Agreement”) is dated as of July 26,2007, by and between DuPont Fabros Technology, Inc., a Maryland
corporation (the “Company”), and Steven G. Osgood (the “Executive”). 
 WHEREAS, the Company desires to
employ the Executive as its Chief Financial Officer and the Executive desires to accept such employment, on the terms set forth below. 
 Accordingly, the parties hereto agree as follows: 
 1.      Term.    The
Company hereby employs the Executive, and the Executive hereby accepts such employment for an initial term commencing as of the July 26, 2007 and ending July 26,2008, unless sooner terminated in accordance with the provisions of
Section 4 or Section 5 (the period during which the Executive is employed hereunder being hereinafter referred to as the “Term”). 
 2.      Duties.    The Executive, in his
capacity as Chief Financial Officer, shall faithfully perform for the Company the duties of said office and shall perform such other duties of an executive, managerial or administrative nature as shall be specified and designated from time to time
by the Company’s Chief Executive Officer or by board of directors or similar governing body of the Company (the “Board”) (including the performance of services for, and serving on the Board of Directors of, any subsidiary or
affiliate of the Company without any additional compensation). The Executive will work on a flexible schedule until, July 25, 2007 after which point Executive will devote substantially all of the Executive’s business time and effort to the
performance of the Executive’s duties hereunder, provided that in no event shall this sentence prohibit the Executive from performing personal and charitable activities and any other activities approved by the Board, so long as such activities
do not materially and adversely interfere with the Executive’s duties for the Company. The Board may delegate its authority to take any action under this Agreement to the Compensation Committee of the Board (the “Compensation
Committee”). 
 3.      Compensation. 
 3.1    Salary.    The Company shall pay the Executive during the Term an Annual Salary at the rate of two
hundred fifty thousand dollars ($250,000) per annum (the “Annual Salary”), payable semi-monthly and subject to regular deductions and withholdings as required by law. The Annual Salary may be increased annually by an amount as may
be approved by the Board or the Compensation Committee, and, upon such increase, the increased amount shall thereafter be deemed to be the Annual Salary for purposes of this Agreement. 







 3.2    Annual Cash Incentive.    The Executive will not be
entitled to an Annual Cash Incentive. 
 3.3    Equity-Based Awards.    The Executive may from
time to time be awarded such shares, options and/or other equity or equity-linked instrument as the Company determines to be appropriate. Effective on the date of the initial public offering of common stock of the Company (“IPO”),
Executive will receive an award of restricted stock or restricted stock units of the Company’s common stock with a value, based on the initial price to the public in the IPO, of $1,500,000, granted pursuant and subject to the Company’s
equity compensation plan, the Company’s standard form of award agreement between Executive and the Company. Fifty percent (50%) of the award will vest on January 2, 2008 and the remaining fifty percent ( 50%) will vest upon
July 24, 2008, or upon an earlier change in control of the Company. As a condition to Executive’s participation in any such plan, Executive must become a party to all agreements required by such plan. 
 3.4    Benefits – In General.    The Executive shall be permitted during the Term to participate in
any group life, hospitalization or disability insurance plans, health programs, pension and profit sharing plans and similar benefits that may be available to other senior executives of the Company generally, on the same terms as may be applicable
to such other executives, in each case to the extent that the Executive is eligible under the terms of such plans or programs. 
 3.5    Vacation.    During the Term, the Executive shall be entitled to vacation of twenty (20) working days per year. 
 3.6    Expenses.    The Company shall pay or reimburse the Executive for all ordinary and reasonable
out-of-pocket expenses actually incurred (and, in the case of reimbursement, paid) by the Executive during the Term in the performance of the Executive’s services under this Agreement, provided that the Executive submits such expenses in
accordance with the policies applicable to senior executives of the Company generally. Executive will be reimbursed in full for all reasonable travel expenses associated with travel between Cleveland, Ohio and Washington, D.C. including airfare and
other transportation. In addition, Executive will receive an allowance of fifty thousand dollars ($50,000) for rent and other living expenses. 
 4.      Termination Due to Death or Disability. 
 4.1    Death.    In the event of Executive’s death which results in the termination of Executive’s employment, the Term will terminate, all obligations of the Company and Executive
under Sections 1 through 3 will immediately cease except for obligations which expressly continue after death, and the Company will pay Executive’s beneficiary or estate, and Executive’s beneficiary or estate will be entitled to receive,
the following: 
  

	 	(i)	Executive’s Compensation Accrued at Termination; 

  

	 	(ii)	In lieu of any annual incentive compensation under Section 3.2 for the year in which Executive dies, a Partial Year Bonus (as defined in Section 6.7);


  

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	 	(iii)	The vesting and exercisability of stock options, RSUs and other equity awards held by Executive at termination and all other terms of such awards shall be governed by the plans and
programs and the agreements and other documents pursuant to which such options were granted; and 

  

	 	(iv)	All other rights under any other compensatory or benefit plan shall be governed by such plan. In addition, at Executive’s expense, Executive and his spouse and dependent
children shall be entitled to continuation of health insurance coverage under any applicable law. 

 4.2     Disability.    The Company may terminate the employment of Executive hereunder due to the Disability (as defined in Section 6.5) of Executive. Upon termination of employment, the
Term will terminate, all obligations of the Company and Executive under Sections 1 through 3 will immediately cease except for obligations which expressly continue after termination of employment due to Disability, and the Company will pay
Executive, and Executive will be entitled to receive, the following: 
  

	 	(i)	Executive’s Compensation Accrued at Termination; 

  

	 	(ii)	In lieu of any annual incentive compensation under Section 3.2 for the year in which Executive becomes disabled, a Partial Year Bonus (as defined in Section 6.7);


  

	 	(iii)	The vesting and exercisability of stock options, RSUs and other equity awards held by Executive at termination and all other terms of such awards shall be governed by the plans and
programs and the agreements and other documents pursuant to which such options were granted; and 

  

	 	(iv)	Disability benefits shall be payable in accordance with the Company’s plans, programs and policies; and 

  

	 	(v)	All other rights under any other compensatory or benefit plan shall be governed by such plan. In addition, at Executive’s expense, Executive and his spouse and dependent
children shall be entitled to continuation of health insurance coverage under any applicable law. 

 4.3    Other Terms of Payment Following Death, or Disability.    Nothing in this Section 4 shall limit the benefits payable or provided in the event Executive’s
employment terminates due to, death, or Disability under the terms of plans or programs of the Company more favorable to Executive (or his beneficiaries) than the benefits payable or provided under this Section 4 (except in the case of the
Annual Cash Incentive in lieu of which amounts are paid hereunder), including plans and programs adopted after the date of this Agreement. Subject to Section 5.6, amounts payable under this Section 4 following Executive’s termination
of employment will be paid as promptly as practicable after such termination of employment, and, in any event, within 2  1/2 months after the end of the year in which employment terminates. 
  

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 5.      Termination of Employment For Reasons Other Than Death or
Disability. 
 5.1    Termination by the Company for Cause.    The Company may terminate
the employment of Executive hereunder for Cause (as defined in Section 6.2) at any time. At the time Executive’s employment is terminated for Cause, the Term will terminate, all obligations of the Company and Executive under Sections 1
through 3 will immediately cease, and the Company will pay Executive, and Executive will be entitled to receive, the following: 
  

	 	(i)	Executive’s Compensation Accrued at Termination; 

  

	 	(ii)	The vesting and exercisability of stock options, RSUs and other equity awards held by Executive at termination and all other terms of such awards shall be governed by the plans and
programs and the agreements and other documents pursuant to which such options were granted; and 

  

	 	(iii)	All other rights under any other compensatory or benefit plan shall be governed by such plan. In addition, at Executive’s expense, Executive and his spouse and dependent
children shall be entitled to continuation of health insurance coverage under any applicable law. 

 5.2    Termination by Executive Other Than For Good Reason.    Executive may terminate his employment hereunder voluntarily for reasons other than Good Reason (as defined in Section 6.6)
at any time upon at least 30 days’ written notice to the Company. At the time Executive’s employment is terminated by Executive other than for Good Reason, the Term will terminate, all obligations of the Company and Executive under
Sections 1 through 3 will immediately cease, and the Company will pay Executive, and Executive will be entitled to the same compensation and rights specified in Section 5.1. 
 5.3    Termination by the Company Without Cause.    The Company may terminate the employment of Executive
hereunder without Cause upon at least 30 days’ written notice to Executive. At the time Executive’s employment is terminated by the Company (i.e., at the expiration of such notice period), the Term will terminate, all remaining obligations
of the Company and Executive under Sections 1 through 3 will immediately cease (except as expressly provided below), and the Company will pay Executive, and Executive will be entitled to receive, the following: 
  

	 	(i)	Executive’s Compensation Accrued at Termination; 

  

	 	(ii)	 A single severance payment in cash in an aggregate amount equal to the sum of: (i) two (2) times the Executive’s Annual Salary plus (ii) two
(2) times the average of the two highest Annual Cash Incentive received by Executive during the preceding three completed performance years; provided, however, that if such termination shall occur in anticipation of a Change in Control (as
defined in Section 6.6) or on or within two (2) years after a Change in Control, the single severance payment shall equal to (i) three (3) times the Executive’s Annual 



  

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Salary plus (ii) three (3) times the average of the two highest Annual Cash Incentives; 


  

	 	(iii)	In lieu of any annual incentive compensation under Section 3.2 for the year in which Executive’s employment terminates, a Partial Year Bonus (as defined in
Section 6.3); 

  

	 	(iv)	All equity awards held by Executive at termination which vest based on time shall become vested and all other terms of such awards shall be governed by the plans and programs and
the agreements and other documents pursuant to which such options were granted; 

  

	 	(v)	Any performance objectives upon which the earning of performance-based restricted stock, RSUs, and other equity awards and other long-term incentive awards (including cash awards,)
is conditioned shall be deemed to have been met at the greater of (A) target level at the date of termination, or (B) actual performance at the date of termination, and such amounts shall become fully vested and non-forfeitable as a result
of termination of employment at the date of such termination, and, in other respects, such awards shall be governed by the plans and programs and the agreements and other documents pursuant to which such awards were granted;


  

	 	(vi)	All other rights under any other compensatory or benefit plan shall be governed by such plan. In addition, at Company’s expense, Executive and his spouse and dependent children
shall be entitled to continuation of health insurance coverage (i.e., medical, dental and vision) under the Company’s group health plan(s) in which the Executive was participating on the date of termination or if such plan(s) have been
terminated, in the plan(s) in which senior executives of the Company participate for a period of one (1) year after the date Executive’s employment terminates. 

 Payments and benefits under this Section 5.3 are subject to Section 5.6. 
 5.4    Termination by Executive for Good Reason.    Executive may terminate his employment hereunder for Good Reason upon 30 days’ written notice to the Company which notice must be given
within 90 days of the occurrence of the condition that is the basis for such Good Reason; provided, however, that, if the basis for such Good Reason is correctible and the Company has corrected the basis for such Good Reason within 30 days after
receipt of such notice, Executive may not then terminate his employment for Good Reason with respect to the matters addressed in the written notice, and therefore Executive’s notice of termination will automatically become null and void. At the
time Executive’s employment is terminated by Executive for Good Reason (i.e., at the expiration of such notice period), the Term will terminate, all obligations of the Company and Executive under Sections 1 through 3 will immediately cease
(except as expressly provided below), and the Company will pay Executive, and Executive will be entitled to receive, the same compensation and rights specified in Section 5.3(i) – (vi) and the text following clause (vi). 

 

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 If any payment or benefit under this Section 5.4 is based on Annual Salary or other level of compensation or
benefits at the time of Executive’s termination and if a reduction in such Annual Salary or other level of compensation or benefit was the basis for Executive’s termination for Good Reason, then the Annual Salary or other level of
compensation in effect before such reduction shall be used to calculate payments or benefits under this Section 5.4. 
 5.5    Other Terms Relating to Certain Terminations of
Employment.    In the event Executive’s employment terminates for any reason set forth in Section 5.2 through 5.4, Executive will be entitled to the benefit of any terms of plans or agreements applicable to
Executive which are more favorable than those specified in this Section 5 (except without duplication of payments or benefits, including in the case of the Annual Cash Incentive in lieu of which amounts are paid hereunder). Except as otherwise
provided under Section 5.6, amounts payable under this Section 5 following Executive’s termination of employment, other than those expressly payable on a deferred or installment basis, will be paid as promptly as practicable after
such a termination of employment and, in any event, within 2  1/2 months after the end of the year in which
employment terminates. 
 5.6    Limitations Under Code Section 409A.    Anything in
this Agreement to the contrary notwithstanding, if (A) on the date of termination of Executive’s employment with the Company or a Subsidiary, any of the Company’s stock is publicly traded on an established securities market or
otherwise (within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code, as amended (the “Code”)), (B) if Executive is determined to be a “specified employee” within the meaning of
Section 409A(a)(2)(B) of the Code, (C) the payments exceed the amounts permitted to be paid pursuant to Treasury Regulations section 1.409A-1(b)(9)(iii) and (D) such delay is required to avoid the imposition of the tax set forth in
Section 409A(a)(1) of the Code. as a result of such termination, the Executive would receive any payment that, absent the application of this Section 5.6, would be subject to interest and additional tax imposed pursuant to
Section 409A(a) of the Code as a result of the application of Section 409A(2)(B)(i) of the Code, then no such payment shall be payable prior to the date that is the earliest of (1) 6 months after the Executive’s termination date,
(2) the Executive’s death or (3) such other date as will cause such payment not to be subject to such interest and additional tax (with a catch-up payment equal to the sum of all amounts that have been delayed to be made as of the
date of the initial payment). 
 It is the intention of the parties that payments or benefits payable under this Agreement not be subject to
the additional tax imposed pursuant to Section 409A of the Code. To the extent such potential payments or benefits could become subject to such Section, the parties shall cooperate to amend this Agreement with the goal of giving the Executive
the economic benefits described herein in a manner that does not result in such tax being imposed. 
 6.      Definitions Relating to Termination Events. 
 6.1    intentionally
omitted 
 6.2    “Cause”. For purposes of this Agreement, “Cause” shall mean Executive’s:

  

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	 	(i)	conviction for commission of a felony or a crime involving moral turpitude; 

  

	 	(ii)	willful commission of any act of theft, fraud, embezzlement or misappropriation against the Company or its subsidiaries or affiliates; 

  

	 	(iii)	willful and continued failure to substantially perform Executive’s duties hereunder (other than such failure resulting from Executive’s incapacity due to physical or
mental illness), which failure is not remedied within 30 calendar days after written demand for substantial performance is delivered by the Company which specifically identifies the manner in which the Company believes that Executive has not
substantially performed Executive’s duties. 

 No act, or failure to act, on the part of Executive shall be deemed “willful”
unless done, or omitted to be done, by Executive not in good faith and without reasonable belief that his action or omission was in the best interest of the Company. Notwithstanding the foregoing, Executive shall not be deemed to have been
terminated for Cause unless and until there shall have been delivered to Executive a copy of the resolution duly adopted by the affirmative vote of not less than three-quarters (3/4) of the independent members of the Board at a meeting of the
Board (after reasonable notice to Executive and an opportunity for Executive, together with Executive’s counsel, to be heard before the Board) finding that, in the good faith opinion of the Board, Executive was guilty of conduct set forth above
in this definition and specifying the particulars thereof in detail. 
 6.3    “Change in
Control”.    For purposes of this Agreement, a “Change in Control” means the following: 
  

	 	i.	A transaction or series of transactions (other than an offering of Stock to the general public through a registration statement filed with the Securities and Exchange Commission)
whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (other than the Company, any
of its subsidiaries, an employee benefit plan maintained by the Company or any of its subsidiaries or a “person” that, prior to such transaction, directly or indirectly controls, is controlled by, or is under common control with, the
Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company and immediately after such acquisition possesses more than 50% of the total combined voting power of
the Company’s securities outstanding immediately after such acquisition; or 

  

	 	ii.	 During any period of two consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new 



  

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director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in
Section 6.3(i) hereof or Section 6.3(iii) hereof) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were
directors at the beginning of the two-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 


  

	 	iii.	The consummation by the Company (whether directly involving the Company or indirectly involving the Company through one or more intermediaries) of (x) a merger, consolidation,
reorganization, or business combination or (y) a sale or other disposition of all or substantially all of the Company’s assets in any single transaction or series of related transactions or (z) the acquisition of assets or stock of
another entity, in each case other than a transaction: 

  

	 	(A)	Which results in the Company’s voting securities outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted
into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the Company’s assets or otherwise succeeds to
the business of the Company (the Company or such person, the “ Successor Entity “)) directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s outstanding voting securities immediately after the
transaction, and; 

  

	 	(B)	After which no person or group (as such terms are used in Sections 13(d) and 14(d)(2) of the Exchange Act) beneficially owns (within the meaning of Rule 13d-3 under the Exchange
Act) voting securities representing 50% or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this Section 6.3(iii)(B) as beneficially owning 50% or more of
combined voting power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction; or 

  


	 	iv.	The Company’s stockholders approve a liquidation or dissolution of the Company and all material contingencies to such liquidation or dissolution have been satisfied or waived.


 6.4    “Compensation Accrued at Termination”.    For purposes of this
Agreement, “Compensation Accrued at Termination” means the following: 
  

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	 	(i)	The unpaid portion of annual Annual Salary at the rate payable, in accordance with Section 3.1 hereof, at the date of Executive’s termination of employment, pro rated
through such date of termination, payable in accordance with the Company’s regular pay schedule; 

  

	 	(ii)	Except as otherwise provided in this Agreement, all earned and unpaid and/or vested, nonforfeitable amounts owing or accrued at the date of Executive’s termination of
employment under any compensation and benefit plans, programs, and arrangements set forth or referred to in Sections 3.2-3.4 hereof (including any earned and vested Annual Cash Incentive) in which Executive theretofore participated, payable in
accordance with the terms and conditions of the plans, programs, and arrangements (and agreements and documents thereunder) pursuant to which such compensation and benefits were granted or accrued; and 

  

	 	(iii)	Reasonable business expenses and disbursements incurred by Executive prior to Executive’s termination of employment, to be reimbursed to Executive, as authorized under
Section 3.6, in accordance the Company’s reimbursement policies as in effect at the date of such termination. 

 6.5    “Disability”.    For purposes of this Agreement, “Disability” means the Executive is unable due to a physical or mental condition to perform the essential functions of his
position with or without reasonable accommodation for six (6) months in the aggregate during any twelve (12) month period or based on the written certification by two licensed physicians of the likely continuation of such condition for
such period. This definition shall be interpreted and applied consistent with the Americans with Disabilities Act, the Family and Medical Leave Act, Section 409A of the Code and other applicable law. 
 6.6    “Good Reason”.    For purposes of this Agreement, “Good Reason” shall mean, without
Executive’s express written consent, the occurrence of any of the following circumstances unless, if correctable, such circumstances are fully corrected within 30 days of the notice of termination given in respect thereof: 
  

	 	(i)	The assignment to Executive of duties materially inconsistent with Executive’s position and status hereunder, or an alteration, materially adverse to Executive, in the nature
of Executive’s duties, responsibilities, and authorities, Executive’s positions or the conditions of Executive’s employment from those specified in Section 2 or otherwise hereunder (other than inadvertent actions which are
promptly remedied); except the foregoing shall not constitute Good Reason if occurring in connection with the termination of Executive’s employment for Cause, Disability, as a result of Executive’s death, or as a result of action by or
with the consent of Executive; 

  

	 	(ii)	a material reduction by the Company in Executive’s Annual Salary or the setting of Executive’s annual target incentive opportunity or payment of earned Annual Incentives
in amounts materially less than specified under or otherwise not in conformity with Section 3 hereof; 

  

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	 	(iii)	the failure of the Company to obtain a satisfactory agreement from any successor to the Company to fully assume the Company’s obligations and to perform under this Agreement;


  

	 	(vi)	any other failure by the Company to perform any material obligation under, or breach by the Company of any material provision of, this Agreement; or 

  

	 	(vii)	following a Change in Control 

 (6.7)    “Partial Year Bonus”.    For purposes of this Agreement, a Partial Year Bonus is an amount equal to the target Annual Cash Incentive compensation that would have become payable to
Executive for that year multiplied by a fraction the numerator of which is the number of days Executive was employed in the year of termination and the denominator of which is the total number of days in the year of termination. 
 7.    Excise Tax-Related Provisions.    In the event Executive becomes entitled to any amounts or benefits
payable in connection with a Change in Control or other change in control (whether or not such amounts are payable pursuant to this Agreement) (the “Severance Payments”), if any of such Severance Payments are subject to the tax (the
“Excise Tax”) imposed by Section 4999 of the Code (or any similar federal, state or local tax that may hereafter be imposed), the Company shall pay to Executive at the time specified in Section 7(iii) hereof an additional amount
(the “Gross-Up Payment”) such that the net amount retained by Executive, after deduction of any Excise Tax on the Total Payments (as hereinafter defined) and any federal, state and local income tax and Excise Tax upon the payment provided
for by Section 7(i), shall be equal to the Total Payments; provided, however that in the event the aggregate value of the Total Payments exceeds three times the Executive’s “base amount,” as defined in Section 280G(b)(3) of
the Code, (the “Parachute Threshold”) [by less than [10%/$50,000], one or more of the Total Payments shall be reduced so that the aggregate value of the Total Payments is $1.00 less than the Parachute Threshold]. Unless the Executive shall
have given prior written notice specifying a different order to the Company to effectuate the foregoing, the Company shall reduce or eliminate the Total Payments by first reducing or eliminating the portion of the Total Payments which are not
payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments or benefits which are to be paid the farthest in time from the Change in Control. Any notice given by the Executive pursuant to
the preceding sentence shall take precedence over the provisions of any other plan, arrangement or agreement governing the Executive’s rights and entitlements to any benefits or compensation. For the avoidance of doubt, in no event shall the
Company be required to pay to Executive any amount under this Section 7 with respect to any taxes or interest that may arise as a result of Section 409A of the Code. 
  

	 	(i)	For purposes of determining whether any of the Severance Payments will be subject to the Excise Tax and the amount of such Excise Tax: 

  

	 	(A)	 any other payments or benefits received or to be received by Executive in connection with a Change in Control or Executive’s termination of 



  

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employment (whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement with the Company, any Person whose actions result in
a Change in Control or any Person affiliated with the Company or such Person) (which, together with the Severance Payments, constitute the “Total Payments”) shall be treated as “parachute payments” within the meaning of
Section 280G(b)(2) of the Code, and all “excess parachute payments” within the meaning of Section 280G(b)(1) of the Code shall be treated as subject to the Excise Tax, unless in the opinion of nationally-recognized tax counsel or
compensation consultant the selection of which was approved under Section 7(iv) such other payments or benefits (in whole or in part) do not constitute parachute payments, or such excess parachute payments (in whole or in part) represent
reasonable compensation for services actually rendered within the meaning of Section 280G(b)(4) of the Code in excess of the base amount within the meaning of Section 280G(b)(3) of the Code, or are otherwise not subject to the Excise Tax;



  

	 	(B)	the amount of the Total Payments which shall be treated as subject to the Excise Tax shall be equal to the lesser of (x) the total amount of the Total Payments and (y) the
amount of excess parachute payments within the meaning of Section 280G(b)(1) of the Code (after applying Section 7(i)(A) hereof); and 

  

	 	(C)	the value of any non-cash benefits or any deferred payments or benefit shall be determined by a nationally-recognized accounting or consulting firm the selection of which was
approved under Section 7(iv) in accordance with the principles of Sections 280G(d)(3) and (4) of the Code. 

  

	 	(ii)	 For purposes of determining the amount of the Gross-Up Payment, Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income
taxation in the calendar year in which the Gross-Up Payment is to be made and state and local income taxes at the highest marginal rate of taxation in the state and locality of Executive’s residence on the date of termination, net of the
maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes. In the event that the Excise Tax is subsequently determined to be less than the amount taken into account hereunder at the time of
termination of Executive’s employment, Executive shall repay to the Company within ten days after the time that the amount of such reduction in Excise Tax is finally determined the portion of the Gross-Up Payment attributable to such reduction
(plus the portion of the Gross-Up Payment attributable to the Excise Tax and federal and state and local income tax imposed on the Gross-Up Payment being repaid by Executive if such repayment results in a reduction in Excise Tax and/or federal and
state and local income tax deduction) plus interest on the amount of such repayment at the rate provided in Section 1274(b)(2)(B) of the Code. In the event that the Excise Tax is determined to exceed the amount taken into account hereunder at
the time of the termination of Executive’s 



  

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employment (including by reason of any payment the existence or amount of which cannot be determined at the time of the Gross-Up Payment), the Company shall
make an additional gross-up payment in respect of such excess within ten days after the time that the amount of such excess is finally determined. 


  

	 	(iii)	The payments provided for in this Section 7 shall be made not later than the thirtieth day following the date of Executive’s termination of employment; provided, however,
that if the amount of such payments cannot be finally determined on or before such day, the Company shall pay to Executive on such day an estimate, as determined in good faith by the Company, of the minimum amount of such payments and shall pay the
remainder of such payments (together with interest at the rate provided in Section 1274(b)(2)(B) of the Code) as soon as the amount thereof can be determined but in no event later than the sixtieth day after the date of Executive’s
termination of employment. In the event that the amount of the estimated payments exceeds the amount subsequently determined to have been due, such excess shall constitute a loan by the Company to Executive, payable on the fifteenth day after the
demand by the Company (together with interest at the rate provided in Section 1274(b)(2)(B) of the Code). 

  

	 	(iv)	All determinations under this Section 7 shall be made at the expense of the Company by a nationally recognized public accounting or consulting firm selected by the Company and
subject to the approval of Executive, which approval shall not be unreasonably withheld. Such determination shall be binding upon Executive and the Company. 

 8.    Non-Competition and Non-Disclosure; Executive Cooperation; Non-Disparagement. 
 8.1  Noncompetition Agreement.    Executive and the Company shall execute a Noncompetition Agreement in form and substance reasonably satisfactory to the Company within sixty (60) days from the
execution of this Agreement that shall only apply during the Term and for a period of one year following termination of employment. 
 8.2    Non-Solicitation.    Without the consent in writing of the Board, Executive will not, at any time during the Term and for the length of the Severance Period, acting alone or in
conjunction with others, directly or indirectly (i) induce any customers of the Company or any of its affiliates with whom Executive has had contacts or relationships, directly or indirectly, during and within the scope of his employment with
the Company or any of its affiliates, to curtail or cancel their business with the Company or any such affiliate; (ii) induce, or attempt to influence, any employee of the Company or any of its affiliates to terminate employment; or
(iii) solicit or assist any third party in the solicitation of, any person who is an employee of the Company or any affiliate; provided, however, that activities engaged in by or on behalf of the Company are not restricted by this covenant. The
provisions of subparagraphs (i), (ii), and (iii) above are separate and distinct commitments independent of each of the other subparagraphs. Notwithstanding anything in this Section 8.2 to the contrary, Executive is permitted to solicit
any individual who served as his executive assistant during the Term. 
  

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 8.3     Non-Disclosure; Ownership of Work.    Executive
shall not, at any time during the Term and thereafter (including following Executive’s termination of employment for any reason), disclose, use, transfer, or sell, except in the course of employment with or other service to the Company, any
proprietary information, secrets, organizational or employee information, or other confidential information belonging or relating to the Company and its affiliates and customers so long as such information has not otherwise been disclosed through no
wrongdoing of the Executive or an individual under a similar restriction or is not otherwise in the public domain, except as required by law or pursuant to legal process. In addition, upon termination of employment for any reason, Executive will
return to the Company or its affiliates all documents and other media containing information belonging or relating to the Company or its affiliates. Executive will promptly disclose in writing to the Company all inventions, discoveries,
developments, improvements and innovations (collectively referred to as “Inventions”) that Executive has conceived or made during the Term; provided, however, that in this context “Inventions” are limited to those which
(i) relate in any manner to the existing or contemplated business activities of the Company and its affiliates; (ii) are suggested by or result from Executive’s work at the Company; or (iii) result from the use of the time,
materials or facilities of the Company and its affiliates. All Inventions will be the Company’s property rather than Executive’s. Should the Company request it, Executive agrees to sign any document that the Company may reasonably require
to establish ownership in any Invention. 
 8.4    Cooperation With Regard to
Litigation.    Executive agrees to cooperate with the Company, during the Term and thereafter (including following Executive’s termination of employment for any reason), by making himself available to testify on behalf
of the Company or any subsidiary or affiliate of the Company, in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, and to assist the Company, or any subsidiary or affiliate of the Company, in any such
action, suit, or proceeding, by providing information and meeting and consulting with the Board or its representatives or counsel, or representatives or counsel to the Company, or any subsidiary or affiliate of the Company, as may be reasonably
requested and after taking into account Executive’s post-termination responsibilities and obligations. The Company agrees to reimburse Executive, on an after-tax basis, for all reasonable expenses actually incurred in connection with his
provision of testimony or assistance. 
 8.5    Non-Disparagement.    Executive shall not, at
any time during the Term and thereafter make statements or representations, or otherwise communicate, directly or indirectly, in writing, orally, or otherwise, or take any action which may, directly or indirectly, disparage or be damaging to the
Company, its subsidiaries or affiliates or their respective officers, directors, employees, advisors, businesses or reputations, nor shall members of the Board of Directors or Executive’s successor in office make any such statements or
representations regarding Executive. Notwithstanding the foregoing, nothing in this Agreement shall preclude Executive or his successor or members of the Board of Directors from making truthful statements that are required by applicable law,
regulation or legal process. 
 8.6    Release of Employment Claims.    Executive agrees, as a
condition to receipt of any termination payments and benefits provided for in Sections 4 and 5 herein (other than 

  

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Compensation Accrued at Termination) (the “Termination Benefits”), that he will execute a general release in substantially the form attached hereto
as Exhibit A. 
 8.7    Forfeiture of Outstanding Options and Other Equity
Awards.    The provisions of Sections 4 and 5 notwithstanding, if Executive fails to comply with the restrictive covenants under Section 6.1 – 6.3, all options to purchase Common Stock and other equity awards
granted by the Company at and after the Effective Date and then held by Executive or a transferee of Executive shall be immediately forfeited and thereupon such options and equity awards shall be cancelled. Notwithstanding the foregoing, Executive
shall not forfeit any option or equity award unless and until there shall have been delivered to him, within six months after the Board (i) had knowledge of conduct or an event allegedly constituting grounds for such forfeiture and
(ii) had reason to believe that such conduct or event could be grounds for such forfeiture, a copy of a resolution duly adopted by a majority affirmative vote of the membership of the Board (excluding Executive) at a meeting of the Board called
and held for such purpose (after giving Executive reasonable notice specifying the nature of the grounds for such forfeiture and not less than 30 days to correct the acts or omissions complained of, if correctable, and affording Executive the
opportunity, together with his counsel, to be heard before the Board) finding that, in the good faith opinion of the Board, Executive has engaged in conduct set forth in this Section 8.7 which constitutes grounds for forfeiture of
Executive’s options and equity awards; provided, however, that if any option is exercised or equity award is settled after delivery of such notice and the Board subsequently makes the determination described in this sentence, Executive shall be
required to pay to the Company an amount equal to the difference between the aggregate value of the shares acquired upon such exercise of the option at the date of the Board determination and the aggregate exercise price paid by Executive and an
amount equal to the fair market value of the shares delivered in settlement of the equity award at the date of such determination (net of any cash payment for the shares by Executive). Any such forfeiture shall apply to such options notwithstanding
any term or provision of any option agreement. In addition, options and equity awards granted to Executive on or after the Effective Date, and gains resulting from the exercise of such options and settlement of such equity awards, shall be subject
to forfeiture in accordance with the Company’s standard policies relating to such forfeitures and clawbacks, as such policies are in effect at the time of grant of such options or equity awards. 
 8.8    Survival.    The provisions of this Section 8 shall survive the termination of
the Term and any termination or expiration of this Agreement. 
 8.9    Remedies.    Executive
agrees that any breach of the terms of this Section 8 would result in irreparable injury and damage to the Company for which the Company would have no adequate remedy at law; Executive therefore also agrees that in the event of said breach or
any threat of breach and notwithstanding Section 9 the Company shall be entitled to an immediate injunction and restraining order from a court of competent jurisdiction to prevent such breach and/or threatened breach and/or continued breach by
Executive and/or any and all persons and/or entities acting for and/or with Executive, without having to prove damages. The availability of injunctive relief shall be in addition to any other remedies to which the Company may be entitled at law or
in equity, but remedies other than injunctive relief may only be pursued in an arbitration brought in accordance with Section 8. The terms of this paragraph shall not prevent 

  

 14 








 
the Company from pursuing in an arbitration any other available remedies for any breach or threatened breach of this Section 8, including but not
limited to the recovery of damages from Executive. Executive hereby further agrees that, if it is ever determined, in an arbitration brought in accordance with Section 9, that willful actions by Executive have constituted wrongdoing that
contributed to any material misstatement or omission from any report or statement filed by the Company with the U.S. Securities and Exchange Commission or material fraud against the Company, then the Company, or its successor, as appropriate, may
recover all of any award or payment made to Executive, less the amount of any net tax owed by Executive with respect to such award or payment over the tax benefit to Executive from the repayment or return of the award or payment, pursuant to
Sections 5.3 or 5.4, and Executive agrees to repay and return such awards and amounts to the Company within 30 calendar days of receiving notice from the Company that the Board has made the determination referenced above and accordingly the Company
is demanding repayment pursuant to this Section 8.9. The Company or its successor may, in its sole discretion, affect any such recovery by (i) obtaining repayment directly from Executive; (ii) setting off the amount owed to it against
any amount or award that would otherwise be payable by the Company to Executive; or (iii) any combination of (i) and (ii) above. 
 9.      Governing Law; Disputes; Arbitration. 
 9.1    Governing
Law.    This Agreement is governed by and is to be construed, administered, and enforced in accordance with the laws of the the District of Columbia, without regard to conflicts of law principles. If under the governing law,
any portion of this Agreement is at any time deemed to be in conflict with any applicable statute, rule, regulation, ordinance, or other principle of law, such portion shall be deemed to be modified or altered to the extent necessary to conform
thereto or, if that is not possible, to be omitted from this Agreement. The invalidity of any such portion shall not affect the force, effect, and validity of the remaining portion hereof. If any court determines that any provision of Section 9
is unenforceable because of the duration or geographic scope of such provision, it is the parties’ intent that such court shall have the power to modify the duration or geographic scope of such provision, as the case may be, to the extent
necessary to render the provision enforceable and, in its modified form, such provision shall be enforced. 
 9.2    Arbitration.    Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration in the District of Columbia by three arbitrators
in accordance with the National Rules for the Resolution of Employment Disputes of the American Arbitration Association in effect at the time of submission to arbitration. Judgment may be entered on the arbitrators’ award in any court having
jurisdiction. For purposes of entering any judgment upon an award rendered by the arbitrators, the Company and Executive hereby consent to the jurisdiction of any or all of the following courts: (i) the United States District Court for the
District of Columbia (ii) any of the courts of the District of Columbia, or (iii) any other court having jurisdiction. The Company and Executive further agree that any service of process or notice requirements in any such proceeding shall
be satisfied if the rules of such court relating thereto have been substantially satisfied. The Company and Executive hereby waive, to the fullest extent permitted by applicable law, any objection which it may now or hereafter have to such
jurisdiction and any defense of inconvenient forum. The Company and Executive hereby agree that a judgment upon an award rendered by the arbitrators 

  

 15 








 
may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Each party shall bear its or his costs and expenses
arising in connection with any arbitration proceeding pursuant to this Section 9. Notwithstanding any provision in this Section 9, Executive shall be paid compensation due and owing under this Agreement during the pendency of any dispute
or controversy arising under or in connection with this Agreement. 
 9.3    Interest on Unpaid
Amounts.    Any amount which has become payable pursuant to the terms of this Agreement or any decision by arbitrators or judgment by a court of law pursuant to this Section 9 but which has not been timely paid shall
bear interest at the prime rate in effect at the time such amount first becomes payable, as quoted by the Company’s principal bank. 
 9.4    LIMITATION ON LIABILITIES.     IF EITHER EXECUTIVE OR THE COMPANY IS AWARDED ANY DAMAGES AS COMPENSATION FOR ANY BREACH OR ACTION RELATED TO THIS AGREEMENT, A BREACH OF ANY COVENANT
CONTAINED IN THIS AGREEMENT (WHETHER EXPRESS OR IMPLIED BY EITHER LAW OR FACT), OR ANY OTHER CAUSE OF ACTION BASED IN WHOLE OR IN PART ON ANY BREACH OF ANY PROVISION OF THIS AGREEMENT, SUCH DAMAGES SHALL BE LIMITED TO CONTRACTUAL DAMAGES PLUS
INTEREST ON ANY DELAYED PAYMENT AT THE MAXIMUM RATE PER ANNUM ALLOWABLE BY APPLICABLE LAW FROM AND AFTER THE DATE(S) THAT SUCH PAYMENTS WERE DUE AND SHALL EXCLUDE CONSEQUENTIAL DAMAGES AND PUNITIVE DAMAGES EVEN IF THE RULES REFERRED TO IN SECTION
9.2 WOULD PROVIDE OTHERWISE. 
 9.5    WAIVER OF JURY TRIAL.    TO THE EXTENT APPLICABLE, EACH
OF THE PARTIES TO THIS AGREEMENT HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL FOR ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT.
This provision is subject to Section 9.2, requiring arbitration of disputes hereunder. 
 10.    Miscellaneous. 
 10.1    Integration.    This
Agreement cancels and supersedes any and all prior agreements and understandings between the parties hereto with respect to the employment of Executive by the Company, any parent or predecessor company, and the Company’s subsidiaries during the
Term, but excluding existing contracts relating to compensation under executive compensation and employee benefit plans of the Company and its subsidiaries. This Agreement constitutes the entire agreement among the parties with respect to the
matters herein provided, and no modification or waiver of any provision hereof shall be effective unless in writing and signed by the parties hereto. Executive shall not be entitled to any payment or benefit under this Agreement which duplicates a
payment or benefit received or receivable by Executive under such prior agreements and understandings or under any benefit or compensation plan of the Company. 
 10.2    Successors; Transferability.    The Company shall require any successor (whether 

  

 16 








 
direct or indirect, by purchase, merger, consolidation or otherwise, and whether or not the corporate existence of the Company continues) to all or
substantially all of the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.
As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise and, in
the case of an acquisition of the Company in which the corporate existence of the Company continues, the ultimate parent company following such acquisition. Subject to the foregoing, the Company may transfer and assign this Agreement and the
Company’s rights and obligations hereunder to another entity that is substantially comparable to the Company in its financial strength and ability to perform the Company’s obligations under this Agreement. Neither this Agreement nor the
rights or obligations hereunder of the parties hereto shall be transferable or assignable by Executive, except in accordance with the laws of descent and distribution or as specified in Section 10.3. 
 10.3    Beneficiaries.    Executive shall be entitled to designate (and change, to the extent permitted
under applicable law) a beneficiary or beneficiaries to receive any compensation or benefits provided hereunder following Executive’s death. 
 10.4    Notices.    Whenever under this Agreement it becomes necessary to give notice, such notice shall be in writing, signed by the party or parties giving or making the same, and shall be
served on the person or persons for whom it is intended or who should be advised or notified, by Federal Express or other similar overnight service or by certified or registered mail, return receipt requested, postage prepaid and addressed to such
party at the address set forth below or at such other address as may be designated by such party by like notice: If to the Company: 
 DUPONT
FABROS TECHNOLOGY, INC. 
 1212 New York Avenue, NW, Suite 900 
 Washington, D.C. 20005 
 Attention: Secretary 
 With a copy to: 
 William L. Neff, Esquire 
 Hogan & Hartson LLP 
 555 13th Street NW 
 Washington, D.C. 20004 
 and 
 John Toole 
 Cooley Godward Kronish LLP 
 One Freedom Square 
 Reston Town Center 
 11951 Freedom Drive 
  

 17 








 Reston, VA 20190-5656 
 If to Executive: 
 Steven G. Osgood 
 35651 Quartermane Circle 
 Bentleyville, Ohio
44139 
 If the parties by mutual agreement supply each other with fax numbers for the purposes of providing notice by facsimile, such notice shall also be
proper notice under this Agreement. In the case of Federal Express or other similar overnight service, such notice or advice shall be effective when sent, and, in the cases of certified or registered mail, shall be effective two days after deposit
into the mails by delivery to the U.S. Post Office. 
 10.5    Reformation.    The invalidity
of any portion of this Agreement shall not be deemed to render the remainder of this Agreement invalid. 
 10.6    Headings.    The headings of this Agreement are for convenience of reference only and do not constitute a part hereof. 
 10.7    No General Waivers.    The failure of any party at any time to require performance by any other
party of any provision hereof or to resort to any remedy provided herein or at law or in equity shall in no way affect the right of such party to require such performance or to resort to such remedy at any time thereafter, nor shall the waiver by
any party of a breach of any of the provisions hereof be deemed to be a waiver of any subsequent breach of such provisions. No such waiver shall be effective unless in writing and signed by the party against whom such waiver is sought to be
enforced. 
 10.8    No Obligation To Mitigate.    Executive shall not be required to seek
other employment or otherwise to mitigate Executive’s damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially
similar to the benefits referred to in Section 3.4 hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced. 
 10.9    Offsets; Withholding.    The amounts required to be paid by the Company to Executive pursuant to
this Agreement shall not be subject to offset other than with respect to any amounts that are owed to the Company by Executive due to his receipt of funds as a result of his fraudulent activity. The foregoing and other provisions of this Agreement
notwithstanding, all payments to be made to Executive under this Agreement, including under Sections 4 and 5, or otherwise by the Company, will be subject to withholding to satisfy required withholding taxes and other required deductions.

 10.10    Successors and Assigns.    This Agreement shall be binding upon and shall inure to


  

 18 








 
the benefit of Executive, his heirs, executors, administrators and beneficiaries, and shall be binding upon and inure to the benefit of the Company and its
successors and assigns. 
 10.11    Counterparts.    This Agreement may be executed in
counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 
 10.12    Due Authority and Execution.    The execution, delivery and performance of this Agreement have been duly authorized by the Company and this Agreement represents the valid, legal and
binding obligation of the Company, enforceable against the Company according to its terms. 
 10.13    Representations
of Executive.    Executive represents and warrants to the Company that he has the legal right to enter into this Agreement and to perform all of the obligations on his part to be performed hereunder in accordance with its
terms and that he is not a party to any agreement or understanding, written or oral, which prevents him from entering into this Agreement or performing all of his obligations hereunder. In the event of a breach of such representation or warranty on
Executive’s part or if there is any other legal impediment which prevents him from entering into this Agreement or performing all of his obligations hereunder, the Company shall have the right to terminate this Agreement forthwith in accordance
with the same notice and hearing procedures specified above in respect of a termination by the Company for Cause pursuant to Section 5.1 and shall have no further obligations to Executive hereunder. Notwithstanding a termination by the Company
under this Section 10.13, Executive’s obligations under Section 9 shall survive such termination. 
 11.    D&O Insurance. 
 The Company will maintain directors’ and officers’ liability
insurance during the Term and for a period of six years thereafter, covering acts and omissions of Executive during the Term, on terms substantially no less favorable than those in effect on the Effective Date. 
 12.    Certain Definitions. For purposes of this Agreement: 
 (a)        an “affiliate” of any person means another person that directly or indirectly, through one
or more intermediaries, controls, is controlled by, or is under common control with, such first person, and includes subsidiaries. 
 (b)        A “business day” means the period from 9:00 am to 5:00 pm on any weekday that is not a banking holiday in New York City, New York. 
 (c)        A “person” means an individual, corporation, limited liability company, partnership,
association, trust or any other entity or organization, including any court, administrative agency or commission or other governmental authority. 
 (d)        A “subsidiary” of any person means another person, an amount of the voting securities, other voting ownership or voting partnership interests of which is sufficient to elect at
least a majority of its board of directors or other governing body (or, if there are no 

  

 19 








 
such voting interests or no board of directors or other governing body, 50% or more of the equity interests of which) is owned directly or indirectly by such
first person. 
 IN WITNESS WHEREOF, the parties hereto have signed their names as of the day and year first above written. 
  

			
	DUPONT FABROS TECHNOLOGY, INC.
		
	By:	 	 /s/ Lammot J. du Pont

	Name:	 	Lammot J. du Pont
	Title:	 	Executive Chairman
	
	 /s/ Steven G. Osgood

	Steven G. Osgood


  

 20 








 EXHIBIT A 1 
 For and in consideration of the
payments and other benefits due to Steven G. Osgood (the “Executive”) pursuant to the Employment Agreement dated as of July 26, 2007 (the “Employment Agreement”), by and between DuPont Fabros Technology, Inc., (the
“Company”) and the Executive, and for other good and valuable consideration, the Executive hereby agrees, for the Executive, the Executive’s spouse and child or children (if any), the Executive’s heirs, beneficiaries, devisees,
executors, administrators, attorneys, personal representatives, successors and assigns, to forever release, discharge and covenant not to sue the Company, or any of its divisions, affiliates, subsidiaries, parents, branches, predecessors,
successors, assigns, and, with respect to such entities, their officers, directors, trustees, employees, agents, shareholders, administrators, general or limited partners, representatives, attorneys, insurers and fiduciaries, past, present and
future (the “Released Parties”) from any and all claims of any kind arising out of, or related to, his employment with the Company, its affiliates and subsidiaries (collectively, with the Company, the “Affiliated Entities”) or
the Executive’s separation from employment with the Affiliated Entities, which the Executive now has or may have against the Released Parties, whether known or unknown to the Executive, by reason of facts which have occurred on or prior to the
date that the Executive has signed this Release. Such released claims include, without limitation, any and all claims relating to the foregoing under federal, state or local laws pertaining to employment, including, without limitation, the Age
Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. Section 2000e et. seq., the Fair Labor Standards Act, as amended, 29 U.S.C. Section 201 et. seq., the Americans with Disabilities Act, as
amended, 42 U.S.C. Section 12101 et. seq. the Reconstruction Era Civil Rights Act, as amended, 42 U.S.C. Section 1981 et. seq., the Rehabilitation Act of 1973, as amended, 29 U.S.C. Section 701 et. seq., the Family and Medical Leave
Act of 1992, 29 U.S.C. Section 2601 et. seq., and any and all state or local laws regarding employment discrimination and/or federal, state or local laws of any type or description regarding employment, including but not limited to any claims
arising from or derivative of the Executive’s employment with the Affiliated Entities, as well as any and all such claims under state contract or tort law. 
 The Executive has read this Release carefully, acknowledges that the Executive has been given at least 21 days to consider all of its terms and has been advised to consult with any attorney and any other advisors of the Executive’s
choice prior to executing this Release, and the Executive fully understands that by signing below the Executive is voluntarily giving up any right which the Executive may have to sue or bring any other claims against the Released Parties, including
any rights and claims under the Age Discrimination in Employment Act. The Executive also understands that the Executive has a period of seven days after signing this Release within which to revoke his agreement, and that neither the Company nor any
other person is obligated to make any payments or provide any other benefits to the Executive pursuant to the Agreement until eight days have passed since the Executive’s signing of this Release without the Executive’s 
 _________________ 

	 1
	 This release may be amended by the Company to reflect new laws and changes in
applicable laws. 









 signature having been revoked other than any accrued obligations or other benefits payable pursuant to the terms of the
Company’s normal payroll practices or employee benefit plans. Finally, the Executive has not been forced or pressured in any manner whatsoever to sign this Release, and the Executive agrees to all of its terms voluntarily. 
 Notwithstanding anything else herein to the contrary, this Release shall not affect: (i) the Company’s obligations under any compensation or employee benefit
plan, program or arrangement (including, without limitation, obligations to the Executive under the Employment Agreement, any stock option, stock award or agreements or obligations under any pension, deferred compensation or retention plan) provided
by the Affiliated Entities where the Executive’s compensation or benefits are intended to continue or the Executive is to be provided with compensation or benefits, in accordance with the express written terms of such plan, program or
arrangement, beyond the date of the Executive’s termination; (ii) rights to indemnification the Executive may have under the Employment Agreement or a separate agreement entered into with the Company; or (iii) rights Executive may
have as a shareholder, unit holder or prior member of the operating partnership. 
 This Release is final and binding and may not be changed or modified
except in a writing signed by both parties. Section 9 of the Employment Agreement shall apply to this Release. 
  

					
	  
	 		  	  

	Date	 		  	Steven G. Osgood
			
	  
	 		  	  

	Date	 		  	
		 		  	DuPont Fabros Technology, Inc.

  

 2