Document:

Employment Agreement, between The Telx Group, Inc. and Michael Terlizzi

 Exhibit 10.37 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 THIS EXECUTIVE EMPLOYMENT AGREEMENT (this
“Agreement”) is made and entered into this 1st day of January, 2011 between The Telx Group, Inc., a Delaware corporation (the “Company”), and Michael Terlizzi (“Executive”), and shall be effective
January 1, 2011 (the “Effective Date”). 
 1.0 RECITALS. 

1.1 The Company desires to employ the Executive, and the Executive desires to be so employed by the Company, on the terms and
subject to the conditions set forth in this Agreement. 
 1.2 As an executive officer of the Company, Executive shall
have access to valuable confidential and proprietary information used in the business of the Company, including financial data, customer data, operational data, trade secrets and other intellectual property that if disclosed to or used by
competitors or potential competitors would cause irreparable harm to the Company, and as a result, Executive and the Company desire to provide the Company with adequate protection from the unauthorized disclosure or use of the Company’s
confidential and proprietary information. 
 NOW, THEREFORE, in consideration of the foregoing facts, the mutual covenants and
agreements contained herein and other good and valuable consideration, the Company and Executive agree as follows: 
 2.0
DEFINITIONS. 
 2.1 Affiliate: “Affiliate” means, with respect to any party,
any corporation, limited liability company, partnership, joint venture, firm and/or other entity which Controls, is Controlled by or is under common Control with such party. 
 2.2 Board of Directors: “Board of Directors” shall mean the board of directors of the Company. 
 2.3 Business: “Business” means the operation of “MEET ME ROOMs” and network interconnection facilities for “Layer One” or “Layer Two”
interconnectivity. 
 2. 4 Change in Control: “Change in Control” shall mean the
first of the following to occur after the Effective Date: 
 (i) Acquisition of Controlling Interest. Any person or
entity (other than persons who are employees at any time more than one year before a transaction) becomes the beneficial owner, directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the
Company’s then outstanding securities. In applying the preceding sentence, (I) securities acquired from the Company by or for the person or entity shall not be taken into 

 
account, and (II) an agreement to vote securities shall be disregarded unless its ultimate purpose is to cause what would otherwise be a Change in Control, as reasonably determined by the Board.

 (ii) Change in Board Control. During any consecutive two-year period commencing after the Effective Date, individuals
who constituted the Board of Directors at the beginning of the period (or their approved replacements, as defined in the next sentence) cease for any reason to constitute a majority of the Board of Directors. A new Director shall be considered an
“approved replacement” Director if his or her election (or nomination for election) was approved by a vote of at least a majority of the Directors then still in office who either were Directors at the beginning of the period or were
themselves approved replacement Directors, but in either case excluding any Director whose initial assumption of office occurred as a result of an actual or threatened solicitation of proxies or consents by or on behalf of any person or entity other
than the Board of Directors. 
 (iii) Merger. The Company consummates a merger, or consolidation of the Company with any
other corporation unless: (a) the voting securities of the Company outstanding immediately before the merger or consolidation would continue to represent (either by remaining outstanding or by being converted into voting securities of the
surviving entity) at least 50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; and (b) no person or entity (other than
persons who are employees at any time more than one year before the transaction) becomes the beneficial owner, directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the
Company’s then outstanding securities. 
 (iv) Sale of Assets. The stockholders of the Company approve an agreement
for the sale of disposition by the Company of all, or substantially all, of the Company’s assets. 
 (v) Liquidation or
Dissolution. The stockholders of the Company approve a plan or proposal for liquidation or dissolution of the Company. 

Notwithstanding the foregoing, a “Change in Control” shall not be deemed to have occurred by virtue of the consummation of any
transaction or series of integrated transactions immediately following which the record holders of the common stock of the Company immediately prior to such transaction or series of transactions continue to have substantially the same proportionate
ownership in any entity which owns all or substantially all of the assets of the Company immediately following such transaction or series of transactions. 
 2.4 Code: “Code” means the Internal Revenue Code of 1986, as amended. 
 2.5 Common Stock: “Common Stock” means common stock, par value $0.0001 per share, of the Company. 
 2.6 Compensation Committee: “Compensation Committee” shall mean a committee of the Board of Directors which has been delegated responsibility for employee compensation
matters or, in the absence thereof, the entire Board of Directors. 

  
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 2.7 Confidential and Proprietary Information: “Confidential and
Proprietary Information” means all proprietary trade secrets and/or proprietary information and any information, concept or idea in whatever form, tangible or intangible, pertaining in any manner to the business of the Company or any
Affiliate of the Company, or to the Company’s (or any of the Company’s Affiliates’) customers, clients, consultants, Referral Sources (as defined below) or business associates, unless the information is or becomes publicly
known through lawful means (other than disclosure by Executive, unless such disclosure by Executive is made in good faith in the course of performing Executive’s duties under this Agreement, or with the express written consent of the Board of
Directors). As used herein, “Referral Source” means any person or entity that, directly or indirectly, refers customers or business to the Company. 
 2.8 Control: “Control” means (i) in the case of corporate entities, direct or indirect ownership of at least fifty percent (50%) of the stock or participating
assets entitled to vote for the election of directors; and (ii) in the case of non-corporate entities (such as individuals, limited liability companies, partnerships or limited partnerships), either (A) direct or indirect ownership of at
least fifty percent (50%) of the equity interest, or (B) the power to direct the management and policies of the noncorporate entity. 
 2.9 Covered Entity: “Covered Entity” means every Affiliate of Executive, and every business, association, trust, corporation, partnership, limited liability company,
proprietorship or other entity in which Executive has invested in (whether through debt or equity securities), or has contributed any capital or made any advances to, or in which any Affiliate of Executive has an ownership interest or profit sharing
percentage, or a firm from which Executive or any Affiliate of Executive receives or is entitled to receive income, compensation or consulting fees in which Executive or any Affiliate of Executive has an interest as a lender (other than solely as a
trade creditor for the sale of goods or provision of services that do not otherwise violate the provisions of this Agreement). The agreements of Executive contained herein specifically apply to each entity which is presently a Covered Entity or
which becomes a Covered Entity subsequent to the date of this Agreement. Notwithstanding anything contained in the foregoing provisions to the contrary, the term “Covered Entity” shall not include the Company, any subsidiary of the
Company, or any Affiliate of the Company or any such subsidiary. 
 2.10 Discharge For Cause: “Discharge
For Cause” shall mean termination of employment for any one or more of the following: (i) gross negligence or willful misfeasance demonstrated by Executive in the performance of his duties; (ii) refusal by Executive to perform
ethical and lawful duties assigned by the Board of Directors or the Company’s Chief Executive Officer that continues uncured for fifteen (15) days following receipt of written notice from a majority of the Board of Directors, the
Company’s Chief Executive Officer, or the Compensation Committee; (iii) Executive engaging in any act of fraud or embezzlement which adversely affects the Company or any of its Affiliates (including, without limitation, the reputation of
the Company or any of its Affiliates); (iv) Executive engaging in any act of dishonesty the purpose or effect of which adversely affects the Company or any of its Affiliates (including, without limitation, the reputation of the Company or any
of its Affiliates); (v) Executive breaching in any material respect any provision contained in Section 3.2, 4.7 or 4.8 of this Agreement, which such breach is not cured within thirty (30) days after receipt of written notice from the
Board of Directors (provided, however, such cure period shall not apply to any breaches of Sections 4.7 or 4.8); (vi) Executive’s commitment of a felony or entering into a plea of guilty or nolo contendere (or its

  
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equivalent) to a felony; (vii) Executive’s commencement of employment with another company while he is an employee of the Company without the prior consent of the Board of Directors,
(vii) any act of Executive involving moral turpitude that adversely affects Executive’s ability to serve the Company, (viii) Executive’s violation of any federal, state or local law or regulation applicable to the Company, an
Affiliate or their respective businesses that causes material injury to the Company or any of its Affiliates (including, without limitation, the reputation of the Company or any of its Affiliates) or Employee’s intentional or knowing violation
of any law or regulation applicable to the Company; or (ix) Executive’s conduct that constitutes a material breach of any statutory or common law duty of loyalty to the Company or any of its Affiliates. 

2.11 Discharge Without Cause: “Discharge Without Cause” shall mean the Company’s termination of
Executive’s employment hereunder during the Term (as defined in Section 4.1 below) for any reason other than a Discharge For Cause or due to Executive’s death or Permanent Disability. 

2.12 Permanent Disability: “Permanent Disability” shall mean Executive’s inability to perform
Executive’s duties hereunder due to a physical or mental condition for (a) a period of ninety (90) consecutive days or (b) an aggregate of one hundred twenty (120) days in any twelve (12) month period. 

2.13 Pro Rated Bonus: “Pro Rated Bonus” shall mean a bonus payment for the year during which
Executive’s employment terminates, pro-rated based on the number of days Executive was employed during such bonus period. Such bonus shall be determined based on the same criteria that would have applied absent Executive’s cessation of
employment and shall be payable at such time as the bonus would have normally been paid. Notwithstanding the forgoing, in the event Executive’s employment ceases due to a Discharge Without Cause, or Termination For Good Reason, in connection
with a Change in Control or during the twenty four (24) month period following a Change in Control, then Executive shall instead receive a prorated bonus based on the most recent bonus the Company paid to Executive prior to the date of such
cessation of employment, and such bonus shall be payable within 10 days following such termination. 
 2.14
Subsidiary: “Subsidiary” shall mean any corporation, trust, general or limited partnership, limited liability company, limited liability partnership, firm, company or other business enterprise which is Controlled by the
Company through direct ownership of the stock or other proprietary interests of such business enterprise or indirectly through the ownership of stock or other proprietary interests in one (1) or more other business enterprises which are
connected with the Company by means of one (1) or more chains of business enterprises that are connected by ownership of stock or other proprietary interests. 
 2.15 Termination For Good Reason: “Termination For Good Reason” shall mean voluntary resignation by Executive through the following actions: (1) the Executive provides
the Company with written notice of the existence of one of the events, arising without the Executive’s consent, listed in clauses (A) through (D), below within thirty (30) days of the initial existence of such event; (2) the
Company fails to cure such event within thirty (30) days following the date such notice is received; and (3) the Executive elects to voluntarily terminate employment within the ninety (90) day period immediately following such event.
The events include: (A) a material reduction in the Executive’s authorities, duties, and responsibilities such that Executive is 

  
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no longer a senior executive of the Company, (B) the Executive being required to relocate his place of employment, other than a relocation within the greater New York City metropolitan area,
or (C) a material reduction in the Executive’s Base Salary other than any such reduction consistent with a general reduction of pay across the executive staff as a group, as an economic or strategic measure due to poor financial
performance by the Company, or (D) in the event of the sale of substantially all of the assets of the Company, the purchaser of such assets does not assume the obligations of the Company set forth in this Agreement. 

2.16 Territory: “Territory” means each and every state, county, city or other political subdivision or
geographic location in the United States. 
 3.0 CAPACITIES AND DUTIES; INDEMNIFICATION. 

3.1 Positions: Executive is hereby employed in the capacity of Executive Vice President, Engineering and Construction, of
the Company. Executive shall report to the Company’s Chief Executive Officer. Executive shall have the same status, privileges and responsibilities normally inherent in such capacity in corporations of similar size and character. Executive will
at all times abide by the Company’s written personnel policies applicable to similarly situated employees of the Company as in effect from time to time and previously provided to Executive, and will faithfully and to the best of
Executive’s ability, experience and talents perform all of the duties that may be required of and from Executive pursuant to the terms hereof, consistent with Executive’s position. 

3.2 Exclusive Services; Other Representations: During the Term, Executive agrees to devote Executive’s best efforts
and full business time to rendering services to the Company; provided, however, that Executive shall be permitted to serve on the board of directors of various for-profit and non-profit organizations, from time to time, provided (i) such
organizations do not compete with the Business in the Territory and (ii) the time expended by Executive in rendering service to such organizations does not, in the aggregate, materially impair Executive’s performance of his duties under
this Agreement. Executive is specifically restricted from being employed by any other company, other than a Subsidiary or an Affiliate of the Company, while under the Company’s employ pursuant to this Agreement. 

4.0 EMPLOYMENT, TERM, TERMINATION, CONFIDENTIAL INFORMATION, NON-COMPETE AND NON-SOLICITATION. 

4.1 Term: Subject to Sections 4.2, 4.3, 4.4, 4.5 and 4.6, the term of this Agreement shall be three (3) years
commencing on the Effective Date, unless terminated earlier pursuant to the terms herein (the “Initial Term”); provided that the Initial Term may be extended for additional periods (each, a “Renewal Term”) on or
prior to the expiration of the Initial Term or any such Renewal Term with the mutual agreement in writing of the Company and Executive. The Initial Term or, in the event that Executive’s employment hereunder is terminated earlier pursuant to
the terms herein or extended pursuant to this Section 4.1, such shorter or longer period, as the case may be, is referred to herein as the “Term.” 
 4.2 Discharge For Cause: Executive’s employment under this Agreement may be terminated by the Company (subject to the notice and cure period set forth in Section 2.11, if

  
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applicable), without further obligation by the Company, except for payment of any base salary compensation and expense reimbursement accrued and unpaid to the effective date of termination and
except as otherwise required by law, upon written notice to Executive of a Discharge For Cause. Such notification from the Company shall include such facts as shall be reasonably necessary to apprise Executive of the basis for such Discharge For
Cause and for Executive to exercise Executive’s right to cure under Section 2.10, if applicable. 
 4.3
Discharge Without Cause: Executive’s employment under this Agreement may be immediately terminated by the Company upon written notice to Executive of a Discharge Without Cause. Upon termination pursuant to this Section 4.3, for
good consideration (including the non-competition agreement described below), Executive shall be entitled to the following benefits (the “Without Cause Severance Package”): (i) continued monthly base salary payments (at the
rate in effect at the time of his Discharge Without Cause) for a period of twelve (12) months from the date of such termination, (ii) a Pro Rated Bonus and (iii) reimbursement for COBRA health insurance costs for twelve
(12) months or, if shorter, until Executive becomes covered by the group health plan of another employer. Other than the foregoing, Executive shall not be entitled to any payment hereunder for subsequent periods upon Executive’s Discharge
Without Cause. The Without Cause Severance Package (other than the Pro Rated Bonus) shall be payable to Executive in accordance with the Company’s general payroll practices as the same may exist from time to time following a Discharge Without
Cause. Notwithstanding the forgoing, in the event of Executive’s Discharge Without Cause in connection with a Change of Control or during the twenty four (24) month period following a Change in Control, such twelve (12) months of base
salary severance shall be payable in a lump sum on the third business day following the expiration of the seven (7) day revocation period applicable to the Release attached hereto as Exhibit A (the “Release”). As a
condition to receiving the Without Cause Severance Package, Executive shall execute within 30 days after terminating employment (i) the Release and (ii) a non-competition and non-solicitation agreement having a term of at least twelve
(12) months, and with terms and subject to conditions substantially similar to those contained in Section 4.8 of this Agreement. 
 4.4 Termination For Good Reason: Executive’s employment under this Agreement may be terminated by Executive (subject to the notice and cure period set forth in Section 2.15) upon
written notice to the Company of a Termination For Good Reason. Upon termination pursuant to this Section 4.4, for good consideration (including the non-competition agreement described below), Executive shall be entitled to the following
benefits (the “Good Reason Severance Package”): (i) Executive shall receive continued monthly base salary payments (at the rate in effect at the time of his Termination for Good Reason) for a period of twelve (12) months
from the date of such termination, (ii) a Pro Rated Bonus, and (iii) reimbursement for COBRA health insurance costs for twelve (12) months (or, if shorter, until Executive becomes covered by the group health plan of another
employer). Other than the foregoing, Executive shall not be entitled to any payment hereunder for subsequent periods upon Executive’s Termination For Good Reason. The Good Reason Severance Package (other than the Pro Rated Bonus) shall
be payable to Executive in accordance with the Company’s general payroll practices as the same may exist from time to time following Executive’s termination of employment upon a Termination For Good Reason. Notwithstanding the forgoing, in
the event of Executive’s Termination For Good Reason in connection with a Change of Control or during the twenty four (24) month period following a Change in Control, such twelve (12) months of base

  
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salary severance shall be payable in a lump sum on the third business day following the expiration of the seven (7) day revocation period applicable to the Release. As a condition to
receiving the Good Reason Severance Package, Executive shall execute within 30 days after terminating employment (i) the Release and (ii) a non-competition and non-solicitation agreement having a term of at least twelve (12) months,
and with terms and subject to conditions substantially similar to those contained in Section 4.8 of this Agreement. 

4.5 Termination Upon Death: This Agreement shall immediately terminate without action or notice by either party upon the
death of Executive and without further obligation by the Company, except for (i) payment of all amounts of base salary compensation and expense reimbursement accrued and unpaid to the effective date of termination, (ii) a Pro Rated Bonus
and (iii) as otherwise required by law. 
 4.6 Termination Upon Permanent Disability: Executive’s
employment under this Agreement may be immediately terminated by the Company upon written notice to Executive of a termination for the Permanent Disability of Executive and without further obligation by the Company, except for (i) payment of
all amounts of base salary compensation and expense reimbursement accrued and unpaid to the effective date of termination (ii) a Pro Rated Bonus and (iii) as otherwise required by law. 

4.7 Confidential and Proprietary Information: Executive agrees that he will not, either directly or indirectly, and
Executive will not permit any Covered Entity which is Controlled by Executive to, either directly or indirectly, divulge to any person or entity or use any of the Confidential and Proprietary Information, except (i) as required in connection
with the performance of such Executive’s duties to the Company, (ii) as required to be included in any report, statement or testimony requested by any municipal, state or national regulatory body having jurisdiction over Executive or any
Covered Entity which is Controlled by Executive, (iii) as required in response to any summons or subpoena or in connection with any litigation, (iv) to the extent necessary in order to comply with any law, order, regulation, ruling or
governmental request applicable to Executive or any Covered Entity which is Controlled by Executive, (v) as required in connection with an audit by any taxing authority, or (vi) is made with the express written consent of the Board of
Directors. In the event that Executive or any such Covered Entity which is Controlled by Executive is required to disclose Confidential and Proprietary Information pursuant to the foregoing exceptions, Executive shall promptly notify the Company of
such pending disclosure and assist the Company (at the Company’s expense) in seeking a protective order or in objecting to such request, summons or subpoena with regard to the Confidential and Proprietary Information. If the Company does not
obtain such relief after a period that is reasonable under the circumstances, Executive (or such Covered Entity) may disclose that portion of the Confidential and Proprietary Information that such party is advised by counsel that it is legally
compelled to disclose or else stand liable for contempt or suffer censure or penalty. In such cases, Executive shall promptly provide the Company with a copy of the Confidential and Proprietary Information so disclosed. Executive further agrees to
execute the Company’s standard proprietary information and inventions assignment agreement or similar agreement. 

  
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 4.8 Non-Compete and Non-Solicitation: 

(a) Except as otherwise explicitly permitted by the last sentence of this Section 4.8(a) of this Agreement, during the Term
and for a period of six (6) months thereafter, Executive shall not, either directly or indirectly, individually or by or through any Covered Entity, participate in, assist, aid or advise in any way, any business or enterprise that competes with
the Business in the Territory (including, without limitation, providing services to any customer or other person or entity in the Territory). Except as otherwise explicitly permitted by the last sentence of this Section 4.8(a) of this
Agreement, during the Term and for a period of six (6) months thereafter, Executive shall not, either directly or indirectly, individually or by or through any Covered Entity, invest in (whether through debt or equity securities), contribute
any capital or make any advances to, take an ownership interest or profit-sharing percentage in, seek to purchase or acquire, or receive income, compensation or consulting fees from, any entity or person involved in the Business in the Territory.
Notwithstanding the foregoing, nothing contained in this Section 4.8(a) prohibits Executive or any Affiliate of Executive from owning (i) less than five percent (5%) of any class of voting securities publicly held and quoted on a
recognized securities exchange or inter-deal quotation system, of any issuer, and (ii) an immaterial amount of a Covered Entity as a result of a purchase decision made by a third party after the Effective Date without the knowledge of Executive
and no such issuer shall be considered a Covered Entity solely by virtue of such ownership or the incidents thereof. 
 (b)
During the Term and for a period of six (6) months thereafter, Executive will not, either directly or indirectly and will not permit any Covered Entity which is Controlled by Executive to, either directly or indirectly, (i) solicit, or
take any other action that is intended to solicit, the business of any customers or Referral Sources with which the Company or any of its Affiliates conducts business or receives referrals or has conducted business or received referrals within the
12 months preceding such solicitation or other action; or (ii) hire, solicit, take away, or attempt to hire, solicit or take away (either on such Executive’s behalf or on behalf of any other person or entity) any person (1) who is
then an employee of the Company or any Affiliate of the Company; or (2) who has terminated his or her employment with the Company or any Affiliate of the Company within the 12 months preceding such hiring, solicitation or other action.

 (c) Executive agrees that if his employment terminates during or after the Term under circumstances that do not involve his
collection of a Without Cause Severance Package, Good Reason Severance Package, or Permanent Disability Severance Package, then the Company shall have the right but not the obligation to elect to enforce the provisions of this Section 4.8 after
expiration of the Term; provided that (i) not later than ten (10) days after the Executive’s termination of employment, the Company provides the Executive with a written notice of its election to enforce the Executive’s
compliance with this Section 4.8 from the date of his employment termination through the end of the Non-Compete Period, and (ii) in consideration of such post-Term enforcement right, the Company shall pay Executive his monthly salary, at
the rate in effect when his employment terminates (or at expiration of the Term if greater), on or before the end of each month that begins after his employment terminates and before the first day of month after the end of the Non-Compete Period
(all of such payments being the “Post-Term Severance Package”). 

  
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 (d) Executive agrees that the payment of any amount of any Without Cause Severance Package,
Good Reason Severance Package, or Post-Term Severance Package is conditioned on Executive’s compliance with this Section 4.8 and that the Company will have the right to cease making further payments if Executive breaches this
Section 4.8. In the event the Company makes any payment(s) with respect to a Without Cause Severance Package, Good Reason Severance Package, or Permanent Disability Severance Package after Executive has breached this Section 4.8 and the
Company is unaware of such breach at the time such payment(s) are made (the “Post-Breach Payments”), then Executive shall promptly return the Post-Breach Payments to the Company. 

4.9 Enforcement; Remedies: Executive agrees and acknowledges that the Company has a valid and legitimate business interest
in protecting the Business in the Territory from any activity prohibited by Section 4.7 or 4.8 of this Agreement. Executive acknowledges that Executive’s expertise in the Business is of a special and unique character which gives this
expertise a particular value, and that a breach of Section 4.7 or 4.8 of this Agreement by Executive will cause serious and potentially irreparable harm to the Company. Executive therefore acknowledges that a breach of Section 4.7 or 4.8
of this Agreement by Executive cannot be adequately compensated in an action for damages at law, and equitable relief would be necessary to protect the Company from a violation of this Agreement and from the harm which this Agreement is intended to
prevent. By reason thereof, Executive acknowledges that the Company is entitled, in addition to any other remedies it may have under this Agreement or otherwise, to preliminary and permanent injunctive and other equitable relief to prevent or
curtail any breach of this Agreement without any requirement to post bond. Executive acknowledges, however, that no specification in this Agreement of a particular legal or equitable remedy may be construed as a waiver of or prohibition against
pursuing other legal or equitable remedies in the event of a breach of this Agreement by Executive. 
 4.10
Clawback. Executive’s bonuses and other incentive-based compensation and profits on stock sales shall be subject to potential disgorgement pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, but only to the extent
Section 304 is applicable to the Executive following an initial public offering of the Company’s common stock pursuant to a registration statement declared effective by the Securities and Exchange Commission. 

4.11 Tolling. In the event of a breach by Executive of any covenant set forth in Section 4.8 hereof, the running of
the period of restriction shall be automatically tolled and suspended for the amount of time that the breach continues, and shall automatically recommence when the breach is remedied so that the Company shall receive the full benefit of
Executive’s compliance with the covenants. 
 5.0 COMPENSATION AND BENEFITS. For Executive’s services,
the Company agrees to pay Executive compensation as follows: 
 5.1 Salary: Base compensation equal to an annual
salary of $205,000 is to be paid according to the Company’s general payroll practices as same may exist from time to time. Executive’s base compensation will be subject to annual reviews and increases as approved by the Board of Directors
or Compensation Committee. 

  
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 5.2 Annual Bonus: Executive shall be eligible to receive an annual target
bonus of $150,000, payable annually in the discretion of the Board of Directors. Any annual bonus payments shall be prorated based on Executive’s duration of service in such year; provided, however, no bonus will be payable to Executive in the
event of a Discharge for Cause or the resignation by Executive (other than resignation upon expiration of the Term or through Termination For Good Reason). In addition, at the discretion of the Board of Directors and/or the Compensation Committee,
Executive may receive annual grants of stock options and/or restricted stock. 
 5.3 Reimbursement of Expenses:
The Company shall reimburse Executive for any reasonable business expenses incurred by Executive in the ordinary course of the Company’s business in accordance with the Company’s reimbursement policies then in effect. These expenses shall
be substantiated by invoices and receipts, to be submitted by Executive within thirty (30) days after incurrence, with all reimbursements being made within one year after Executive incurs the underlying expense. 

5.4 Benefits: During the Term, Executive shall be entitled to receive all benefits of employment generally available to the
Company’s other executive employees to the extent Executive is eligible for them, including, at a minimum, medical, dental and disability insurance and participation in the Company’s 401(k) plan, except to the extent that such
participation in any benefits plan would, in the opinion of the Board of Directors, alter the intended tax treatment of such plan. 
 5.5 Vacation: Executive shall be entitled to five weeks of vacation per each calendar year of service. 
 5.6 Withholding: Executive authorizes the Company to make any and all applicable withholdings of federal and state taxes and other items the Company may be required to deduct, as such items
may exist under this Agreement or otherwise from time to time. 
 6.0 SUCCESSORS AND ASSIGNS. This Agreement is
intended to bind and inure to the benefit of and be enforceable by Executive, the Company and their respective heirs, successors and assigns, except that Executive shall not have any right to assign or otherwise transfer this Agreement or any of
Executive’s rights, duties or any other interest herein (except in connection with any assignment of rights to receive consideration hereunder by or to Executive’s estate made upon the death of Executive) to any party without the prior
written consent of the Company, and any such purported assignment shall be null and void. Notwithstanding the foregoing, the Company may without obtaining the consent of Executive, assign any or all of its rights and obligations under this Agreement
to any of its Affiliates or to its lenders as collateral security. To the extent that the Company assigns its rights and obligations hereunder, the Company shall not be relieved of its obligations hereunder in respect of any such assignment.

 7.0 SURVIVAL OF RIGHTS AND OBLIGATIONS. The rights and obligations of the parties as stated herein shall
survive the termination of this Agreement. 

  
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 8.0 ENTIRE AGREEMENT. 

8.1 Sole Agreement: This Agreement (including any attachments and exhibits hereto) contains the parties’ sole and
entire agreement regarding the subject matter hereof, and supersedes any and all other agreements, understandings, statements and representations of the parties, including, but not limited to, any employment agreement or other agreement regarding
Executive’s compensation or terms of employment entered into prior to the Effective Date. For the avoidance of doubt, the parties acknowledge that the foregoing sentence shall not be applicable prior to the Effective Date. Notwithstanding the
forgoing, any Proprietary Information and Inventions Agreement (or similar agreement), or Indemnification Agreement, previously executed by the Executive shall remain in full force and effect. 

8.2 No Other Representations: The parties acknowledge and agree that, except for those representations specifically
referenced herein, no party has made any representations (a) concerning the subject matter hereof or (b) inducing the other party to execute and deliver this Agreement. The parties have relied on their own judgment in entering into this
Agreement. 
 9.0 MODIFICATIONS OR WAIVERS. Waivers or modifications of this Agreement, or of any covenant,
condition, or limitation contained herein, are valid only if in writing duly executed by the parties hereto. 
 10.0
GOVERNING LAW. This Agreement shall be governed pursuant to the laws of the State of New York, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws. 

11.0 SEVERABILITY. In the event that any provision or term of this Agreement, or any word, phrase, clause, sentence or
other portion thereof (including, without limitation, the geographic and temporal restrictions and provisions contained in this Agreement) is held to be unenforceable or invalid for any reason, such provision or portion thereof will be modified or
deleted in such a manner as to make this Agreement, as modified, legal and enforceable to the fullest extent permitted under applicable laws. 
 12.0 INTERPRETATION; SECTION HEADINGS. The section and subsection heading of this Agreement are included for purposes of convenience only, and shall not affect the construction or
interpretation of any of its provisions. 
 13.0 NOTICES. All notices and other communications under or in
connection with this Agreement shall be in writing and shall be deemed given (i) if delivered personally, upon delivery, (ii) if delivered by registered or certified mail (return receipt requested), upon the earlier of actual delivery or
three (3) days after being mailed, (iii) if given by overnight courier with receipt acknowledgment requested, the next business day following the date sent, or (iv) if given by facsimile or telecopy, upon confirmation of
transmission by facsimile or telecopy, in each case to the parties at the following addresses: 
  

			
	To the Company:	  	The Telx Group, Inc.

  
 -11-

			
		  	1 State Street
		  	21st Floor
		  	New York, NY 10004
		  	Attention: Chief Executive Officer
		
		  	and to
		
		  	Dan Schulman
		  	27 Valley View Road
		  	Warren, NJ 07059
		  	Facsimile: (908) 604-4636
		
	with a copy to:	  	GI Partners Fund II, L.P.
		  	GI Partners Side Fund II, L.P.
		  	2730 Sand Hill Road, Suite 280
		  	Menlo Park, CA 94025
		  	Facsimile: (650) 233-3601
		  	Attention: Howard Park
		
		  	and to
		
		  	Paul, Hastings, Janofsky & Walker LLP
		  	875 15th Street, N.W.
		  	Washington, D.C., 20005
		  	Facsimile: (202) 551-0180
		  	Attention: Mark Poerio, Esq.
		
	To Executive:	  	Michael Terlizzi
		  	90 Concord Circle
		  	Howell, NJ 07731
		
	with a copy to:	  	Duane Morris LLP
		  	380 Lexington Avenue
		  	New York, New York 10168
		  	Facsimile: (212) 692-1020
		  	Attention: Roger J. Hasday, Esq.

 14.0
JOINT PREPARATION. All parties to this Agreement have negotiated it at length, and have had the opportunity to consult with and be represented by their own competent counsel. This Agreement is therefore deemed to have been jointly
prepared by the parties, and any uncertainty or ambiguity existing in it shall not be interpreted against any party, but rather shall be interpreted according to the rules generally governing the interpretation of contracts. 

15.0 THIRD-PARTY BENEFICIARIES. No term or provision of this Agreement is intended to be, or shall be, for the benefit of
any person, firm, organization, corporation or entity 

  
 -12-

 
not a party hereto, and no such other person, firm, organization, corporation or entity shall have any right or cause of action hereunder. 

16.0 ARBITRATION. 
 (a) Any controversy, claim or dispute involving the parties (or their affiliated persons or entities) directly or indirectly concerning this Agreement, or the subject matter thereof, shall be finally
settled by arbitration held in New York, New York by one (1) arbitrator in accordance with the rules of employment arbitration then followed by the American Arbitration Association or any successor to the functions thereof. The arbitrator
shall apply New York law in the resolution of all controversies, claims and disputes and shall have the right and authority to determine how his or her decision or determination as to each issue or matter in dispute may be implemented or enforced.
Any decision or award of the arbitrator shall be final and conclusive on the parties to this Agreement and their respective Affiliates, and there shall be no appeal therefrom other than from gross negligence or willful misconduct. Notwithstanding
the foregoing, claims regarding worker’s compensation and unemployment compensation benefits shall not be subject to arbitration under this Agreement. The Company shall bear all costs of the arbitrator in any action brought under this
Section 16.0. 
 (b) The parties hereto agree that any action to compel arbitration pursuant to this Agreement may be
brought in any appropriate state court in New York, and in connection with such action to compel, the laws of New York shall control. Application may also be made to such court for confirmation of any decision or award of the arbitrator, for an
order of the enforcement and for any other remedies which may be necessary to effectuate such decision or award. The parties hereto hereby consent to the jurisdiction of the arbitrator and of such court and waive any objection to the jurisdiction of
such arbitrator and court. 
 (c) Notwithstanding the foregoing, the Company shall be entitled to seek injunctive relief, in
any court of competent jurisdiction, to enforce this Agreement and this Section 16.0 shall not limit the right of the Company to seek judicial relief pursuant to Section 4.9 of this Agreement without prior arbitration. 

17.0 COOPERATION AND FURTHER ACTIONS. The parties agree to perform any and all acts and to execute and deliver any and all
documents necessary or convenient to carry out the terms of this Agreement. Both during and following the termination of Executive’s employment with the Company, for no additional consideration, Executive agrees to assist the Company and its
Affiliates with respect to litigation or other third party claims relating to the period of Executive’s employment. The Company shall pay any out of pocket expenses incurred by Executive in connection with his rendering of such assistance.

 18.0 ATTORNEYS’ FEES. In the event of any dispute related to or based upon this Agreement, the prevailing
party shall be entitled to recover from the other party its reasonable attorneys’ fees and costs. 
 19.0
COUNTERPARTS. This Agreement may be executed in one or more counterparts, including electronically transmitted counterparts, each of which shall be deemed an original and all of which shall be considered one and the same instrument.

  
 -13-

 20.0 INTERNAL REVENUE CODE SECTION 409A. Notwithstanding any provision of this
Agreement to the contrary, if all or any portion of the payments and/or benefits under this Agreement are determined to be “nonqualified deferred compensation” subject to Section 409A of the United States Internal Revenue Code of
1986, as amended (the “Code”), and the Company determines that Executive is a “specified employee” as defined in Section 409A(a)(2)(B)(i) of the Code and the final regulations promulgated thereunder (the
“Treasury Regulations”) and other guidance issued thereunder, then such payments and/or benefits (or portion thereof) shall be paid no earlier than the first day of the seventh month following Executive’s termination of
employment, with any affected payments being made within ten business days after the end of such period of delay. For purposes of the Without Cause Severance Pay, a termination of employment shall only be deemed to occur if such termination
constitutes a “separation from service”, as defined in Section 1.409A-1(h) of the Treasury Regulations, including the default presumptions thereunder. The parties acknowledge and agree that, to the extent applicable, this Agreement
shall be interpreted in accordance with, and the parties agree to use their best efforts to achieve timely compliance with, Section 409A of the Code, and the Department of Treasury Regulations and other interpretive guidance issued thereunder
(“Section 409A”), including without limitation any such regulations or other guidance that may be issued after the Effective Date. 
 21.0 INTERNAL REVENUE CODE SECTION 280G. To the extent that due to the application of Internal Revenue Code Section 280G, reducing the benefits payable to Executive hereunder would
increase the overall after tax proceeds to Executive, such benefits shall be reduced in a manner designed to produce the maximum after tax proceeds for Executive (including, if applicable, reducing Executive’s cash payments prior to canceling
equity or option acceleration benefits). 
 22.0 MITIGATION WITH RESPECT TO SEVERANCE AMOUNTS. Subject to the
terms and conditions of this Agreement, in the event that Executive is entitled under this Agreement to receive the Without Cause Severance Package, Good Reason Severance Package, or Post-Term Severance Package, as applicable, such severance amounts
to which Executive is entitled (subject to the terms and conditions of this Agreement, including, without limitation, Section 4.8(d) hereof) shall not be reduced as a result of any duty to mitigate damages or by the amount of compensation
Executive receives from other employers during the period in which such severance amounts are paid. 
 [SIGNATURE PAGE FOLLOWS]

  
 -14-

 [SIGNATURE PAGE TO EXECUTIVE EMPLOYMENT AGREEMENT] 

IN WITNESS WHEREOF, the parties hereto have executed, or caused their duly authorized representatives to execute, this Agreement as of
the date first set forth above. 
  

			
	The Telx Group, Inc.
	a Delaware corporation
		
	By:	 	         /s/ Eric Shepcaro

	Name:	 	Eric Shepcaro
	Title:	 	Chief Executive Officer
	
	Executive
	
	     /s/ Michael Terlizzi

	Michael Terlizzi

 EXHIBIT A 

FORM OF RELEASE 

 RELEASE 
 In exchange for good and valuable consideration set forth in that certain Executive Employment Agreement (the “Executive Employment Agreement”) between the undersigned, Michael Terlizzi
(“Executive”), and The Telx Group, Inc., a Delaware corporation (“Telx”), the sufficiency of which is hereby acknowledged, Executive, on behalf of himself, his executors, heirs, administrators, assigns and anyone
else claiming by, through or under Executive, irrevocably and unconditionally, releases, and forever discharges Telx, GI Partners Fund II, L.P., GI Partners Side Fund II, L.P. and their respective predecessors, successors and related and affiliate
entities, including parents and subsidiaries, and each of their respective directors, officers, employees, attorneys, insurers, agents and representatives (collectively, the “Company”), from, and with respect to, any and all debts,
demands, actions, causes of action, suits, covenants, contracts, wages, bonuses, damages and any and all claims, demands, liabilities, and expenses (including, without limitation, attorneys’ fees and costs) whatsoever of any name or nature both
in law and in equity (severally and collectively, “Claims”) that Executive now has, ever had or may in the future have against the Company by reason of any matter, cause or thing that has happened, developed or occurred, and any
Claims that have arisen, before the signing of this Release, including but not limited to, any and all Claims in tort or contract, whether by statute or common law, and any Claims relating to salary, wages, bonuses and commissions, the breach of an
oral or written contract, unjust enrichment, promissory estoppel, misrepresentation, defamation, and interference with prospective economic advantage, interference with contract, wrongful termination, intentional and negligent infliction of
emotional distress, negligence, breach of the covenant of good faith and fair dealing, and Claims arising out of, based on, or connected with Executive’s employment by the Company and the termination of that employment as set forth in the
Executive Employment Agreement, including, without limitation, any Claims for unlawful employment discrimination of any kind, whether based on age, race, sex, disability or otherwise, including specifically and without limitation, claims arising
under or based on Title VII of the Civil Rights Act of 1964, as amended; the Age Discrimination in Employment Act, as amended; the Civil Rights Act of 1991; the Family and Medical Leave Act; the Americans with Disabilities Act; the Fair Labor
Standards Act; the Employee Retirement Income Security Act of 1974; the Equal Pay Act of 1963; and any other local, state or federal equal employment opportunity or anti-discrimination law, statute, policy, order, ordinance or regulation affecting
or relating to Claims that Executive ever had, now has, or claims to have against the Company. 
 Executive understands and
agrees that the releases provided above extend to all Claims released above whether known or unknown, suspected or unsuspected. Executive expressly waives and releases any rights and benefits which he has or may have under any law or rule of any
jurisdiction pertaining to the matters released herein. It is the intention of Executive through this Agreement and with the advice of counsel to fully, finally and forever settle and release the Claims set forth above. In furtherance of such
intention, the releases herein given shall be and remain in effect as full and complete releases of such matters notwithstanding the discovery of any additional Claims or facts relating thereto 

Executive warrants and represents that Executive has not assigned or transferred to any person or entity any of the Claims released by
this Release, and Executive agrees to defend (by counsel of the Company’s choosing), and to indemnify and hold harmless, the Company from and 

 
against any claims based on, in connection with, or arising out of any such assignment or transfer made, purported or claimed. 

Notwithstanding anything to the contrary in this Release or the Executive Employment Agreement, the foregoing release shall not cover,
and Executive does not intend to release, (i) any rights of indemnification under Telx’s certificate of incorporation, as amended (the “Certificate”), bylaws, as amended (the “Bylaws”) or any
indemnification agreement entered into between the Company and Executive ( the “Indemnification Agreement”), as applicable, (ii) any obligations of Telx to pay Executive pursuant to the Without Cause Severance Package (as defined in
the Executive Employment Agreement) or Good Reason Severance Package (as defined in the Executive Employment Agreement), as applicable, pursuant to Sections 4.3 or 4.4, as applicable, of the Executive Employment Agreement, or
(iii) Executive’s rights with respect to Executive’s accrued salary since Telx’s last payroll, accrued bonus rights with respect to a completed year, accrued business expenses reimbursement or existing group insurance plans or
ERISA plans of Telx, in each case to the extent provided in Telx’s applicable policies and not previously paid. Executive further acknowledges that Telx’s obligations under the Certificate or Bylaws are conditioned upon receipt by Telx of
an undertaking by Executive to repay the amount if it shall be determined by a court of competent jurisdiction that Executive is not entitled to be indemnified by Telx under the Certificate, Bylaws or Indemnification Agreement. 

EXECUTIVE HAS READ THIS RELEASE AND BEEN PROVIDED A FULL AND AMPLE OPPORTUNITY TO STUDY IT, AND EXECUTIVE UNDERSTANDS THAT THIS IS A
FULL, COMPREHENSIVE AND RELEASE AND INCLUDES ANY CLAIM UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT. EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE HAS BEEN ADVISED IN WRITING TO CONSULT WITH LEGAL COUNSEL BEFORE SIGNING THIS RELEASE AND THE EXECUTIVE
EMPLOYMENT AGREEMENT, AND EXECUTIVE HAS CONSULTED WITH AN ATTORNEY. EXECUTIVE WAS GIVEN A PERIOD OF AT LEAST TWENTY-ONE DAYS TO CONSIDER SIGNING THIS RELEASE, AND EXECUTIVE HAS SEVEN DAYS FROM THE DATE OF SIGNING TO REVOKE EXECUTIVE’S
ACCEPTANCE BY DELIVERING TIMELY NOTICE OF HIS REVOCATION TO THE BOARD OF DIRECTORS OF THE TELX GROUP, INC. AT ITS PRINCIPAL PLACE OF BUSINESS. EXECUTIVE IS SIGNING THIS RELEASE VOLUNTARILY, WITHOUT COERCION, AND WITH FULL KNOWLEDGE THAT IT IS
INTENDED, TO THE MAXIMUM EXTENT PERMITTED BY LAW, AS A COMPLETE AND FINAL RELEASE AND WAIVER OF ANY AND ALL CLAIMS. EXECUTIVE ACKNOWLEDGES AND AGREES THAT THE PAYMENTS SET FORTH IN THE EXECUTIVE EMPLOYMENT AGREEMENT ARE CONTINGENT UPON EXECUTIVE
SIGNING THIS RELEASE AND WILL BE PAYABLE ONLY IF AND AFTER THE REVOCATION PERIOD HAS EXPIRED. 
 [SIGNATURE PAGE(S) TO
FOLLOW] 

 Executive has read this Release, fully understand it and freely and knowingly agree to its
terms. 
 Dated this      day of
                , 20    . 
  

	
	  

	  Signature
	
	  

	  Printed Name

  

			
	AGREED AND ACCEPTED:
	
	The Telx Group, Inc.
		
	 By:
	 	  

		
	 Title:
	 	  

		
	 Date:Incentive Agreement, between The Telx Group, Inc. and Eric Shepcaro

 Exhibit 10.57 
 INCENTIVE AGREEMENT 
 This Incentive Agreement (this
“Agreement”) is made and entered into as of March 15, 2011 by and between The Telx Group, Inc., a Delaware corporation (the “Company”), and Eric Shepcaro, an individual (the “Executive”).

 Recitals 
 WHEREAS, the Executive is an employee and Chief Executive Officer of the Company. 

WHEREAS, the Executive is the holder of 76,103 shares of Series B Preferred Stock of the Company. 

WHEREAS, the Company and the Executive entered into that certain Incentive Agreement effective as of February 28, 2011 (the
“Original Agreement”), and the Company and the Executive desire to amend and restate the Original Agreement in its entirety as set forth in this Agreement. 
 WHEREAS, the Company has adopted The Telx Group, Inc. 2010 Stock Incentive Plan (as may be amended and/or restated from time to time, the “Plan”). 

WHEREAS, the Executive and the Company desire to enter into this Agreement to provide for the possible grant of an award of shares of
Common Stock of the Company pursuant to the Plan under the circumstances, and subject to the terms and conditions, set forth in this Agreement. 
 Agreement 
 NOW THEREFORE, in consideration of the representations,
promises and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, intending to be legally bound, the parties hereby agree as follows: 

1 Definitions. 
 (a) “Aggregate Common Share Equivalents” shall mean the aggregate number of shares of Common Stock (including, without limitation, shares of Common Stock that are subject to vesting or
other restrictions) into which the Designated Series B Shares will be automatically converted pursuant to Section 4(b)(ii) of Article IV of the Certificate of Incorporation in connection with the Trigger Event. 

(b) “Aggregate Liquidation Preference Common Share Equivalents” shall mean the number (rounded up to the nearest whole
number) equal to the quotient of (i) the 

  
 1 

 
aggregate amount of the liquidation preference (as determined in accordance with Section 2(a) of Article IV of the Certificate of Incorporation) to be paid pursuant to Section 4(b)(ii)
of Article IV of the Certificate of Incorporation in respect of the Non-Convertible Designated Series B Shares in connection with the Trigger Event, divided by (ii) the fair market value of a share of Common Stock as of immediately prior to the
Trigger Event (which such fair market value shall be determined by the Board of Directors of the Company, in its sole discretion). 
 (c) “Aggregate Shortfall Amount” shall mean a number of shares of Common Stock (rounded up or down to the nearest whole number of shares, with 0.5 being rounded up) equal to (i) the
Aggregate Target Number, minus (ii) the Aggregate Common Share Equivalents, and minus (iii) the Aggregate Liquidation Preference Common Share Equivalents. 

(d) “Aggregate Target Number” shall mean a number (rounded up or down to the nearest whole number, with 0.5 being
rounded up) equal to the product of (i) forty-one and three tenths percent (41.3%), multiplied by (ii) the Designated Series B Shares. 
 (e) “Certificate of Incorporation” shall mean the Fifth Amended and Restated Certificate of Incorporation of the Company, as amended and/or restated. 

(f) “Change of Control Transaction” shall mean: (i) the sale, conveyance or other disposition of all or
substantially all of the Company’s assets, (ii) the issuance or transfer of the Company’s voting securities, or (iii) a merger with or into or a consolidation (by means of a transaction or series of related transactions) with any
other corporation, limited liability company or other entity (other than a wholly-owned subsidiary of the Company), provided in the case of clauses (ii) and (iii), the stockholders of the Company immediately prior to the transaction own
less than a majority of the voting stock of the surviving entity immediately following the transaction. 
 (g) “Common
Stock” shall mean Common Stock of the Company. 
 (h) “Designated Executive” shall mean each employee
of the Company who: (i) holds shares of Series B Preferred Stock as of immediately prior to the closing of the Trigger Event; and (ii) either (A) continues to be an employee of the Company as of immediately prior to the closing
of the Trigger Event or (B) continued to be an employee of the Company up until his or her employment with the Company was terminated by the Company pursuant to a Discharge Without Cause (as such term is defined in the Executive Employment
Agreement effective as of January 1, 2011 between such employee and the Company) during the Designated Termination Period. 

(i) “Designated Series B Shares” shall mean the aggregate number of outstanding shares of Series B Preferred Stock that
are held by all Designated Executives as of immediately prior to the closing of the Trigger Event. 
 (j) “Designated
Termination Period” shall mean the six month period prior to the closing of the Trigger Event. 

  
 2 

 (k) “Executive Employment Agreement” shall mean that certain Executive
Employment Agreement effective as of January 1, 2011 between the Company and the Executive. 
 (l) “Executive
Participation Units” shall mean, with respect to the Executive under this Agreement, 54.3. 
 (m) “Executive
Grant Amount” shall mean a number of shares of Common Stock (rounded up or down to the nearest whole number of shares, with 0.5 being rounded up) equal to the product of (i) the Aggregate Shortfall Amount, multiplied by (ii) the
Participation Percentage, multiplied by (iii) 1.29. 
 (n) “IPO” shall have the meaning ascribed to such
term in the Certificate of Incorporation. 
 (o) “Largest Stockholder” shall mean, at the applicable time, the
stockholder of the Company that is then the stockholder holding the largest number of the Company’s then outstanding Common Stock (determined by including any shares of Preferred Stock (as defined in the Certificate of Incorporation) on an
as-converted to Common Stock basis, other than shares of Series B Preferred Stock (as defined in the Certificate of Incorporation) that have not become Series B Convertible Preferred (as defined in the Certificate of Incorporation)). 

(p) “Non-Convertible Designated Series B Shares” shall mean the Designated Series B Shares that do not become Series B
Convertible Preferred (as defined in the Certificate of Incorporation) pursuant to Section 4(b)(ii) of Article IV of the Certificate of Incorporation as of immediately prior to the closing of the Trigger Event. 

(q) “Participation Percentage” shall mean the amount, expressed as a percentage, obtained by dividing (i) the
Executive Participation Units by (ii) the Total Participation Units. 
 (r) “Series B Preferred Stock”
shall have the meaning ascribed to such term in the Certificate of Incorporation. 
 (s) “Specified
Termination” shall mean the termination of the Executive’s employment with the Company by the Company pursuant to a Discharge Without Cause (as such term is defined in the Executive Employment Agreement) at any time within six months
prior to the closing of the Trigger Event. 
 (t) “Total Participation Units” shall mean the sum of the
“Executive Participation Units” for all Designated Executives (including, without limitation, the Executive to the extent the Executive is a Designated Executive) under each respective Designated Executive’s Incentive Agreement (as
amended and/or restated) between such Designated Executive and the Company. 
 (u) “Trigger Event” shall mean
the first of any of the following to occur after the date of this Agreement: (i) an IPO or (ii) a Change of Control Transaction. 

  
 3 

 (v) “Withholding Taxes” shall mean the aggregate amount of all federal,
state, local and foreign income, payroll and other taxes that the Company and any of its direct or indirect subsidiaries are required to withhold in connection with the Stock Award. 

2 Grant of Stock Award. If the Aggregate Shortfall Amount with respect to the Trigger Event is greater than zero, then,
immediately prior to the closing of the Trigger Event, the Company shall grant to the Executive an award of a number of shares of Common Stock equal to the Executive Grant Amount (the “Stock Award”) pursuant to the Plan and a Common
Stock Award Agreement, in substantially the form attached hereto as Exhibit A (the “Award Agreement”), subject to the terms and conditions contained in this Agreement, the Plan and the Award Agreement. For the avoidance of
doubt, the rights of the Executive to receive the Stock Award shall only apply with respect to the first Trigger Event that occurs after the date of this Agreement, and the Executive shall not be entitled to receive any award of shares of Common
Stock under this Agreement with respect to any other event or occurrence. 
 3 Termination of Rights Upon Cessation of
Employment. Notwithstanding the provisions of Section 2 above or anything to the contrary in this Agreement, if the Executive’s employment with the Company ceases for any reason (whether with or without cause or otherwise) at any time
prior to the occurrence of a Trigger Event after the date of this Agreement (other than a Specified Termination that occurs within six months prior to the Trigger Event), then all of the Executive’s rights under this Agreement (including,
without limitation, the Executive’s rights to receive the Stock Award) shall automatically terminate and be of no further force or effect. 
 4 Taxes; Withholding. The Executive is solely responsible and liable for the satisfaction of all taxes and penalties that may arise in connection with this Agreement and the Stock Award, and none
of the Company or any its direct or indirect subsidiaries or any of their employees, directors or agents shall have any obligation to mitigate, indemnify or otherwise hold harmless the Executive from or against any or all of such taxes or penalties.
Notwithstanding anything to the contrary in this Agreement: (a) the Company’s obligation to deliver the Stock Award or any shares of Common Stock pursuant thereto is at all times subject to the prior satisfaction of all required
Withholding Taxes by the Executive; and (b) the Company may satisfy any required Withholding Taxes that the Executive has not otherwise arranged to settle by paying cash to the Company before the due date thereof by either (in the
Company’s sole discretion): (i) withholding and cancelling the Executive’s rights with respect to a number of shares of Common Stock (rounded up to the nearest whole number of shares) that (A) would otherwise have been delivered
to the Executive pursuant to the Stock Award, and (B) have an aggregate fair market value (as determined by the Board of Directors of the Company, in its sole discretion) equal to the Withholding Taxes; or (ii) withholding cash otherwise
payable (including, without limitation, any compensation or other payments) to the Executive by the Company or any of its direct or indirect subsidiaries. 
 5 Lock-Up Agreement. In connection with the Trigger Event or any public offering or registration of shares relating thereto (a “Lock-Up Event”), the Executive agrees that he shall
execute a “holdback” or “lock-up” agreement in form and substance requested by the Company whereby the Executive shall agree not to sell, transfer, offer to sell or transfer or otherwise dispose of any shares of capital stock (or
any options or other securities convertible into or exchangeable for shares of capital stock) of the Company (or of another entity received by the 

  
 4 

 
Executive in connection with the Trigger Event) for such period of time following such Lock-Up Event as is requested by the Company pursuant to such “holdback” or “lock-up”
agreement (provided that such period of time shall not be longer than the period of time for such restrictions included the “holdback” or “lock-up” agreement for the Largest Stockholder in connection with such Lock-Up
Event (“Largest Stockholder Lock-Up Agreement”); provided, however, it being understood that such Largest Stockholder Lock-Up Agreement may include exceptions to the restrictions contained therein (including, without
limitation, permitting transfers to the Largest Stockholder’s partners or other affiliates) which are not included in the Executive’s “holdback” or “lock-up” agreement). 

6 Executive Acknowledgments and Agreements. The Executive understands, acknowledges and agrees as follows: 

(a) (i) nothing in this Agreement confers on the Executive any right to continue an employment, service or consulting relationship with
the Company, nor shall it affect in any way the Executive’s right or the Company’s right to terminate the Executive’s employment, service, or consulting relationship at any time, with or without cause, and (ii) the Company would
not have entered into this Agreement but for these acknowledgements and agreements; 
 (b) the shares of Common Stock that may
be granted pursuant to the Stock Award have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any state or foreign jurisdiction and, unless such shares are subsequently
so registered, they must be held indefinitely and not offered, sold, transferred or otherwise disposed of except pursuant to an exemption from the registration requirements of the Securities Act and any applicable securities laws of any state or
foreign jurisdiction, and the Company has no obligation to register such shares; 
 (c) there is no existing public or other
market for the shares of Common Stock that may be granted pursuant to the Stock Award and there can be no assurance that Executive will be able to sell, transfer or otherwise dispose of such shares; 

(d) the shares of Common Stock that may be granted pursuant to the Stock Award will be subject to that certain Second Amended and
Restated Stockholders Agreement dated March 15, 2007, by among the Company, GI Partners Fund II, L.P., GI Partners Side Fund II, L.P. and the other stockholders party thereto (the “Stockholders Agreement”), to which the
Executive is a party, and the Executive further acknowledges and agrees that such shares and the ability to dispose of such shares will be subject to the restrictions and other terms and conditions contained in the Stockholders Agreement; and

 (e) that the certificates representing the shares of Common Stock that may be granted pursuant to the Stock Award will bear
the following legend (or one to substantially similar effect) and such other legends as may be required under applicable law or the Stockholders Agreement: 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER ANY STATE SECURITIES LAWS

  
 5 

 
AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION THEREUNDER. THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER, RIGHTS OF FIRST REFUSAL, CO-SALE RIGHTS, REQUIREMENTS OF SALE AND CERTAIN OTHER AGREEMENTS SET FORTH IN A STOCKHOLDERS AGREEMENT AMONG THE COMPANY AND
CERTAIN STOCKHOLDERS THEREOF, A COPY OF WHICH MAY BE OBTAINED WITHOUT CHARGE BY THE HOLDER HEREOF AT THE PRINCIPAL PLACE OF BUSINESS OF THE COMPANY. 
 7 Executive Representation and Warranties. The Executive represents and warrants to the Company that the following statements are true and correct: 

(a) The shares of Common Stock that may be granted pursuant to the Stock Award will be acquired by the Executive for the Executive’s
own account, not as a nominee or agent for any other person, and without a view to the distribution of such shares or any interest therein in violation of the Securities Act and such shares will not be disposed of by the Executive in contravention
of the Securities Act or any applicable state or foreign securities laws. 
 (b) The Executive is an “accredited
investor” (as such term is defined in Rule 501 of Regulation D promulgated under the Securities Act). The Executive has such knowledge and experience in financial and business matters so that the Executive is capable of evaluating the merits
and risks of his investment in the shares that may be granted pursuant to the Stock Award, and the Executive is capable of bearing the economic risks of such investment and is able to bear a complete loss of the Executive’s investment in such
shares. 
 8 Notices. All notices and other communications under or in connection with this Agreement shall be in writing
and shall be deemed given (i) if delivered personally, upon delivery, (ii) if delivered by registered or certified mail (return receipt requested), upon the earlier of actual delivery or three (3) days after being mailed,
(iii) if given by overnight courier for next day delivery with receipt acknowledgment requested, the next business day following the date sent, or (iv) if given by facsimile or telecopy, upon confirmation of successful transmission by
facsimile or telecopy, in each case to the parties at the following addresses: 
  

					
		 	To the Company:	  	The Telx Group, Inc.
		 		  	1 State Street, 21st Floor
		 		  	New York, NY 10004
		 		  	Facsimile: (917) 677-8740
		 		  	Attention: General Counsel
			
		 	with a copy to:	  	Paul, Hastings, Janofsky & Walker LLP
		 		  	695 Town Center Drive
		 		  	Seventeenth Floor
		 		  	Costa Mesa, California 92626
		 		  	Facsimile: (714) 979-1921
		 		  	Attention: William J. Simpson

  
 6 

					
		 		  	Brandon Howald
			
		 	To Executive:	  	to the address or facsimile for the Executive set forth on the signature page to this Agreement

9 General Provisions. 
 (a) Assignment; Successors and Assigns. Neither this Agreement nor any rights or obligations hereunder may be assigned by the Executive without the prior written consent of the Company. This
Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns and the Executive and his successors and permitted assigns. 
 (b) Governing Law; Severability. This Agreement is governed by and shall be construed in accordance with the law of the State of Delaware, regardless of the laws that might otherwise govern under
applicable principles of conflicts of laws. If any provision of this Agreement or the application thereof to any circumstance is held invalid or unenforceable to any extent, the remainder of this Agreement and the application of that provision to
other circumstances shall not be affected thereby, and that provision shall be enforced to the greatest extent permitted by law. 
 (c) Arbitration. 
 (i) Any controversy, claim or dispute
involving the parties (or their affiliated persons or entities) concerning this Agreement or the subject matter thereof, shall be finally settled by arbitration held in New York, New York by one (1) arbitrator in accordance with the rules
of commercial arbitration then followed by the American Arbitration Association or any successor to the functions thereof. The arbitrator shall apply Delaware law in the resolution of all controversies, claims and disputes and shall have the right
and authority to determine how his or her decision or determination as to each issue or matter in dispute may be implemented or enforced. Any decision or award of the arbitrator shall be final, conclusive and binding on the parties to this
Agreement. 
 (ii) The parties hereto agree that any action to compel arbitration pursuant to this Agreement may
be brought in any appropriate Delaware court, and in connection with such action to compel, the laws of the State of Delaware shall control. Application may also be made to such court for confirmation of any decision or award of the arbitrator, for
an order of the enforcement and for any other remedies which may be necessary to effectuate such decision or award. The parties hereto hereby consent to the jurisdiction of the arbitrator and of such court and waive any objection to the jurisdiction
of such arbitrator and court. 
 (iii) Notwithstanding the foregoing provisions of this Section 9(c),
nothing contained herein shall require the arbitration of any issue for which injunctive relief or other equitable relief is sought by a party hereto, and either party may seek 

  
 7 

 
injunctive relief or other equitable relief in any federal or state court of competent jurisdiction. 
 (d) No Waiver. No course of dealing or any delay or failure to exercise any right, power or remedy hereunder on the part of any party hereto shall operate as a waiver of or otherwise prejudice such
party’s rights, powers or remedies. 
 (e) Amendment. No amendment, modification or waiver of this Agreement shall
be binding unless executed in writing by each of the parties to be bound thereby. 
 (f) Third Party Rights.
Notwithstanding any other provision of this Agreement, this Agreement shall not create benefits on behalf of any other person or entity not a party to this Agreement, and this Agreement shall be effective only as among the parties hereto, their
successors and permitted assigns. 
 (g) Entire Agreement; Amendment and Restatement of Original Agreement. This
Agreement, together with the exhibit hereto, constitutes the entire agreement among the parties hereto with respect to the subject matter contained herein, and supersedes all prior agreements, negotiations and understandings, whether written or
oral, with respect to the subject matter hereof. Without limiting the generality of the foregoing, this Agreement hereby amends, restates and supersedes the Original Agreement in its entirety, and the Original Agreement shall be of no further force
or effect. 
 (h) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in
separate counterparts, with the same effect as if all parties had signed the same document. All such counterparts shall be deemed an original, shall be construed together and shall constitute one and the same instrument. 

[Signature Page Follows] 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

			
	“Company”
	
	THE TELX GROUP, INC.
		
	By:	 	 /s/ Chris Downie

		 	Name: Chris Downie
		 	Title: President and Chief Financial Officer
	
	“Executive”
		
	By:	 	 /s/ Eric Shepcaro

		 	Name: Eric Shepcaro

 

			
	Address:	 	
	
	  

	
	  

	
	  

  

			
	 Facsimile:
	 	  

[Signature Page to Incentive Agreement] 

  
 9 

 EXHIBIT A 
 COMMON STOCK AWARD AGREEMENT 

 THE TELX GROUP, INC. 

2010 STOCK INCENTIVE PLAN 
  

 
 Common Stock
Award Agreement 
  
  

You are hereby awarded shares of Common Stock of the Telx Group, Inc. (the “Shares”) subject to the terms and conditions
set forth in this Common Stock Award Agreement (this “Award Agreement” or “Award”) and in The Telx Group, Inc. 2010 Stock Incentive Plan (the “Plan”). A copy of the Plan is attached as
Exhibit A. Terms beginning with initial capital letters within this Award Agreement have the special meaning defined in the Plan (or in this Award Agreement, if defined herein). 

This Award is conditioned on your execution of this Award Agreement on the Grant Date specified in Section 1 below. By executing
this Award Agreement, you will be irrevocably agreeing that all of your rights under this Award will be determined solely and exclusively by reference to the terms and conditions of the Plan, subject to the provisions set forth below. As a
result, you should not execute this Award Agreement until you have (i) carefully considered the terms and conditions of the Plan and this Award (including all of the attached Exhibits), and (ii) consulted with your personal legal
and tax advisors about all of these documents. 
  

	1.	Specific Terms. Your Shares have the following terms: 

  

			
		
	Name of Participant	  	 
		
	Number of Shares Subject to Award	  	[                    ] shares of Common Stock of The Telx Group, Inc. (the
“Company”)
		
	Purchase Price per Share (if applicable)	  	Not applicable.
		
	Grant Date	  	            ,      20    .
		
	Vesting	  	Not applicable.
		
	 Recapture and

Recoupment
	  	  ̈ Section 14 of the Plan shall apply re Termination, Rescission, and Recapture of
this Award.
  
  ̈ Section 15
shall apply re Recoupment of this Award.

  

	2.	 Restrictions on Transfer of Award; Lock-Up Agreement; Incentive Agreement. Your rights under this Award Agreement may not be sold,
pledged, or otherwise transferred without the prior written consent of the Committee. In addition, in connection with the Trigger Event (as such term is defined in the Incentive Agreement (as defined below)) or any public offering or registration of
shares relating thereto (a “Lock-Up Event”), the Executive agrees that he shall execute a “holdback” or “lock-up” agreement in form and substance requested by the Company whereby the Executive shall agree not to
sell, transfer, offer to sell or transfer or otherwise dispose of any shares of capital stock (or any options or other 

	 	 
securities convertible into or exchangeable for shares of capital stock) of the Company (or of another entity received by you in connection with the Trigger Event) for such period of time
following such Lock-Up Event as is requested by the Company pursuant to such “holdback” or “lock-up” agreement (provided that such period of time shall not be longer than the period of time for such restrictions included
the “holdback” or “lock-up” agreement for the Largest Stockholder (as such term is defined in the Incentive Agreement) in connection with such Lock-Up Event (“Largest Stockholder Lock-Up Agreement”);
provided, however, it being understood that such Largest Stockholder Lock-Up Agreement may include exceptions to the restrictions contained therein (including, without limitation, permitting transfers to the Largest Stockholder’s
partners or other affiliates) which are not included in the Executive’s “holdback” or “lock-up” agreement). You hereby acknowledge that you are and this Award is, and you and this Award shall continue to be, bound by and
subject to the provisions of that certain Incentive Agreement between you and the Company dated as of [            , 2011] (as amended and/or restated) (the “Incentive
Agreement”). 

  

	3.	Withholding; Taxes. Certificates shall not be delivered to you unless all applicable employment and tax-withholding obligations have been satisfied.
Except to the extent otherwise specifically provided in an employment or consulting agreement between you and the Company, by signing this Award Agreement, you acknowledge that you shall be solely responsible for the satisfaction of any applicable
taxes that may arise pursuant to this Award (including taxes arising under Code Section 409A (regarding deferred compensation) or 4999 (regarding golden parachute excise taxes), and that neither the Company nor the Committee shall have any
obligation whatsoever to pay such taxes or to otherwise indemnify or hold you harmless from any or all of such taxes. The Committee shall have the sole discretion to interpret the requirements of the Code, including Section 409A, for purposes
of the Plan and this Award Agreement. 

  

	4.	Not a Contract of Employment. By executing this Award Agreement you acknowledge and agree that (i) nothing in this Award Agreement or the Plan
confers on you any right to continue an employment, service or consulting relationship with the Company, nor shall it affect in any way your right or the Company’s right to terminate your employment, service, or consulting relationship at any
time, with or without Cause; and (ii) the Company would not have granted this Award to you but for these acknowledgements and agreements. 

  

	5.	Investment Representations. By executing this Award, you represent and warrant to the Company as follows: (a) any Shares issued to you pursuant to
this Award Agreement will be for investment for your own account and not with a view to, for resale in connection with, or with an intent of participating directly or indirectly in, any distribution of such Shares within the meaning of the
Securities Act of 1933, as amended; (b) you are an “accredited investor” (as such term is defined in Rule 501 of Regulation D promulgated under the Securities Act); and (c) you have such knowledge and experience in financial and
business matters so that you are capable of evaluating the merits and risks of your investment in the Shares issued to you pursuant to this Award Agreement, and you are capable of bearing the economic risks of such investment and are able to bear a
complete loss of your investment in such Shares. 

  

	6.	 Securities Law Restrictions. Regardless of whether the offering and sale of Shares under the Plan have been registered under the
Securities Act of 1933, as amended (the “Securities Act”), or have been registered or qualified under the securities laws of any state, the Company at its discretion may impose restrictions upon the sale, pledge or other transfer of

	 	 
such Shares (including the placement of appropriate legends on stock certificates or the imposition of stop-transfer instructions) if, in the judgment of the Company, such restrictions are
necessary or desirable in order to achieve compliance with the Securities Act or the securities laws of any state or any other law or to enforce the intent of this Award. 

 

	7.	Headings. Section and other headings contained in this Award Agreement are for reference purposes only and are not intended to describe, interpret, define
or limit the scope or intent of this Award Agreement or any provision hereof. 

  

	8.	Severability. Every provision of this Award Agreement and of the Plan is intended to be severable. If any term hereof is illegal or invalid for any
reason, such illegality or invalidity shall not affect the validity or legality of the remaining terms of this Award Agreement. 

  

	9.	Counterparts. This Award Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be
an original, but all such counterparts shall together constitute one and the same instrument. 

  

	10.	Notices. Any notice or communication required or permitted by any provision of this Award Agreement to be given to you shall be in writing and shall be
delivered electronically, personally, or sent by mail, addressed to you at the last address that the Company had for you on its records. Each party may, from time to time, by notice to the other party hereto, specify a new address for delivery of
notices relating to this Award Agreement. Any such notice shall be deemed to be given as of the date such notice is personally or electronically delivered or properly mailed. 

 

	11.	Binding Effect. Except as otherwise provided in this Award Agreement or in the Plan, every covenant, term, and provision of this Award Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective heirs, legatees, legal representatives, successors, transferees, and assigns. 

 

	12.	Modifications. This Award Agreement may be modified or amended at any time, in accordance with Section 18 of the Plan and provided that you must
consent in writing to any modification that adversely and materially affects any rights or obligations under this Award Agreement. 

  

	13.	Plan Governs. By signing this Award Agreement, you acknowledge that you have received a copy of the Plan and that your Award Agreement is subject to all
the provisions contained in the Plan, the provisions of which are made a part of this Award Agreement and your Award is subject to all interpretations, amendments, rules and regulations which from time to time may be promulgated and adopted pursuant
to the Plan. In the event of a conflict between the provisions of this Award Agreement and those of the Plan, the provisions of the Plan shall control. 

  

	14.	Governing Law. The laws of the State of Delaware shall govern the validity of this Award Agreement, the construction of its terms, and the interpretation
of the rights and duties of the parties hereto. 

 [Signature Page Follows] 

 BY YOUR SIGNATURE BELOW, along with the signature of the Company’s representative, you
and the Company agree that this Award is made under and governed by the terms and conditions of this Award Agreement and the Plan. 
  

			
	THE TELX GROUP, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	PARTICIPANT
	
	The undersigned Participant hereby accepts the terms of this Award Agreement and the Plan.
		
	 Signature:
	 	  

 

			
	 Printed Name of Participant:
	 	  

 Exhibit A 
 THE TELX GROUP, INC. 
 2010 STOCK INCENTIVE PLAN 

 
  

Plan Document 
 (attached under this page)

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