Document:

EX-10.30

 Exhibit 10.30 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 DATED AS OF MAY 1, 2013 

BY AND AMONG 

QUALITYTECH, LP, 

AS BORROWER 
 AND

 KEYBANK NATIONAL ASSOCIATION, 
 THE OTHER LENDERS WHICH ARE PARTIES TO THIS AGREEMENT 
 AND 

OTHER LENDERS THAT MAY BECOME 
 PARTIES TO THIS AGREEMENT, 
 KEYBANK NATIONAL ASSOCIATION, 

AS AGENT, 

REGIONS BANK, 

AS SYNDICATION AGENT, 
 AND 
 KEYBANC CAPITAL MARKETS, 

AS SOLE LEAD ARRANGER AND SOLE BOOK MANAGER 

 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

THIS SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) is made as of the 1st day of May, 2013, by and
among QUALITYTECH, LP, a Delaware limited partnership (“QTLP” or the “Borrower”), KEYBANK NATIONAL ASSOCIATION (“KeyBank”), the other lending institutions which are parties to this Agreement as
“Lenders”, and the other lending institutions that may become parties hereto pursuant to §18 (together with KeyBank, the “Lenders”), and KEYBANK NATIONAL ASSOCIATION, as Agent for the Lenders (the “Agent”),
and KEYBANC CAPITAL MARKETS, as Sole Lead Arranger and Sole Book Manager, and REGIONS BANK, as Syndication Agent. 
 R E C I T A L S 
 WHEREAS, The Borrower, Quality Investment
Properties Metro, LLC, a Delaware limited liability company (“QIPM”), Quality Investment Properties, Suwanee, LLC, a Delaware limited liability company (“QIPS”), Quality Technology Services Metro II, LLC, a Delaware limited
liability company (“QTS Metro TRS”), Quality Technology Services Suwanee II, LLC, a Delaware limited liability company (“QTS Suwanee TRS”), KeyBank, individually and as administrative agent, and the other parties thereto have
entered into that certain First Amended and Restated Credit Agreement dated as of February 8, 2012, as amended by that certain First Amendment to First Amended and Restated Credit Agreement dated as of September 28, 2012 (collectively, the
“First Amended and Restated Credit Agreement”); and 
 WHEREAS, the parties desire to enter into this
Agreement to amend and restate the First Amended and Restated Credit Agreement in its entirety; 
 NOW, THEREFORE,
in consideration of the recitals herein and mutual covenants and agreements contained herein, the parties hereto hereby covenant and agree as follows: 
  

	§1.	DEFINITIONS AND RULES OF INTERPRETATION. 

 §1.1 Definitions. The following terms shall have the meanings set forth in this §l or elsewhere in the provisions of this Agreement referred to below: 

Additional Commitment Request Notice. See §2.11(b). 
 Additional Subsidiary Guarantor. Each additional Subsidiary of Parent Company which becomes a Guarantor pursuant to §5.3. 

Adjusted Consolidated EBITDA. On any date of determination, (a) the Consolidated EBITDA for the prior two (2) fiscal
quarters most recently ended, multiplied by two (2), less (b) the Capital Reserve. 
 Adjusted Net Operating Income.
On any date of determination, (a) the Net Operating Income for the prior two (2) fiscal quarters most recently ended, multiplied by two (2), less (b) the Capital Reserve. 

  
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 Affiliate. An Affiliate, as applied to any Person, shall mean any other Person
directly or indirectly controlling, controlled by, or under common control with, that Person or any Person who has a direct familial relationship by blood, marriage, or otherwise with the Borrower or any Affiliate of either of them. For purposes of
this definition, “control” (including, with correlative meanings, the terms “control”, “controlling”, “controlled by” and “under common control with”), as applied to any Person, means (a) the
possession, directly or indirectly, of the power to vote twenty-five percent (25%) or more of the stock, shares, voting trust certificates, beneficial interest, partnership interests, member interests or other interests having voting power for
the election of directors of such Person or otherwise to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise, or (b) the ownership of
(i) a general partnership interest, (ii) a managing member’s or manager’s interest in a limited liability company or (iii) a limited partnership interest or preferred stock (or other ownership interest) representing
twenty-five percent (25%) or more of the outstanding limited partnership interests, preferred stock or other ownership interests of such Person. 
 Agent. KeyBank National Association, acting as administrative agent for the Lenders, and its successors and assigns. 
 Agent’s Head Office. The Agent’s head office located at 127 Public Square, Cleveland, Ohio 44114-1306, or at such other location as the Agent may designate from time to time by notice to
the Borrower and the Lenders. 
 Agent’s Special Counsel. McKenna Long & Aldridge LLP or such other counsel
as selected by Agent. 
 Agreement. This Second Amended and Restated Credit Agreement, including the Schedules and
Exhibits hereto. 
 Agreement Regarding Fees. See §4.2. 

Applicable Margin. On any date the Applicable Margin for LIBOR Rate Loans and Base Rate Loans shall be as set forth below based on
the ratio of the Consolidated Total Indebtedness of Parent Company and its respective Subsidiaries to the Gross Asset Value of Parent Company and its respective Subsidiaries: 

 

											
	 Pricing Level
	  	 Ratio
	  	LIBOR Rate
Loans	 	 	Base Rate
Loans	 
				
	Pricing Level 1	  	 Less than or equal to 35%
	  	 	2.10	% 	 	 	1.10	% 
				
	Pricing Level 2	  	 Greater than 35% but less than or equal to 45%
	  	 	2.35	% 	 	 	1.35	% 
				
	Pricing Level 3	  	 Greater than 45% but less than or equal to 50%
	  	 	2.60	% 	 	 	1.60	% 
				
	Pricing Level 4	  	 Greater than 50%
	  	 	2.85	% 	 	 	1.85	% 

  
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 The initial Applicable Margin shall be at Pricing Level 2. The Applicable Margin shall
not be adjusted based upon such ratio, if at all, until the first (1st) day of the first (1st) month following the delivery by Parent Company to the Agent of the Compliance Certificate after the end of a calendar quarter. In the event that Parent Company shall fail to deliver to the Agent a
quarterly Compliance Certificate on or before the date required by §7.4(c), then without limiting any other rights of the Agent and the Lenders under this Agreement, the Applicable Margin for Loans shall be at Pricing Level 4 until such failure
is cured within any applicable cure period, or waived in writing by the Required Lenders, in which event the Applicable Margin shall adjust, if necessary, on the first (1st) day of the first (1st) month following receipt of such Compliance Certificate. 

In the event that the Agent and the Borrower determine that any financial statements previously delivered were incorrect or inaccurate (regardless of
whether this Agreement or the Revolving Credit Commitments or Term Loan Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period
(an “Applicable Period”) than the Applicable Margin applied for such Applicable Period, then (i) the Borrower shall as soon as practicable deliver to the Agent the corrected financial statements for such Applicable Period,
(ii) the Applicable Margin shall be determined as if the Pricing Level for such higher Applicable Margin were applicable for such Applicable Period, and (iii) the Borrower shall within three (3) Business Days of demand thereof by the
Agent pay to the Agent the accrued additional amount owing as a result of such increased Applicable Margin for such Applicable Period, which payment shall be promptly applied by the Agent in accordance with this Agreement. 

Arranger. KeyBanc Capital Markets or any successor. 
 Assignment and Acceptance Agreement. See §18.1. 
 Authority.
Fulton County Development Authority, a body corporate and politic created and existing under the laws of the State of Georgia. 

Authorized Officer. Any of the following Persons: Shirley Goza, Jay Ketterling, Bill Schafer or Chad L. Williams and such other
Persons as the Borrower shall designate in a written notice to Agent. 
 Balance Sheet Date. March 31, 2013.

 Bankruptcy Code. Title 11, U.S.C.A., as amended from time to time or any successor statute thereto. 

Base Rate. The greatest of (a) the fluctuating annual rate of interest announced from time to time by the Agent at the
Agent’s Head Office as its “prime rate,” (b) one-half of one percent (0.5%) above the Federal Funds Effective Rate, or (c) the applicable LIBOR for a one month interest period plus one
percent (1.0%) per annum. The Base Rate is a reference rate and 

  
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does not necessarily represent the lowest or best rate being charged to any customer. Any change in the rate of interest payable hereunder resulting from a change in the Base Rate shall become
effective as of the opening of business on the day on which such change in the Base Rate becomes effective, without notice or demand of any kind. 
 Base Rate Loans. Collectively, the Revolving Credit Base Rate Loans, the Term Base Rate Loans and the Swing Loans bearing interest calculated by reference to the Base Rate. 

Bond. See §6.31(f). 
 Bond Subordinate Debt. All amounts loaned to the Authority and which are subject to the Bond Subordination and Standstill Agreement. 

Bond Subordination and Standstill Agreement. The Second Amended and Restated Subordination and Standstill Agreement of even date
herewith, by and between QIPM, Agent and the Authority, which relates to the Bond Subordinate Debt, as the same may be modified or amended. 
 Borrower. As stated in the preamble hereto. 
 Breakage Costs. The
cost to any Lender of re-employing funds bearing interest at LIBOR incurred (or reasonably expected to be incurred) in connection with (i) any payment of any portion of the Loans bearing interest at LIBOR prior to the termination of any
applicable Interest Period, (ii) the conversion of a LIBOR Rate Loan to any other applicable interest rate on a date other than the last day of the relevant Interest Period, or (iii) the failure of the Borrower to draw down, on the first
day of the applicable Interest Period, any amount as to which the Borrower has elected a LIBOR Rate Loan. The maximum Breakage Cost will not exceed the positive difference between the existing LIBOR rate for the LIBOR Rate Loan being paid, converted
or failed to be drawn down, if higher, and the then current LIBOR rate for LIBOR Rate Loans on such date for a similar Interest Period multiplied by the amount being repaid times the number of days remaining in the existing LIBOR rate divided by
365. 
 Building. With respect to each parcel of Real Estate, all of the buildings, structures and improvements now or
hereafter located thereon. 
 Business Day. Any day on which banking institutions located in the same city and State as
the Agent’s Head Office are located are open for the transaction of banking business and, in the case of LIBOR Rate Loans, which also is a LIBOR Business Day. 
 Capital Reserve. For any period and with respect to any improved portion of a Stabilized Property, an amount equal to $0.25 multiplied by the total raised square footage of the Buildings in such
Real Estate. If the term Capital Reserve is used without reference to any specific Real Estate, then the amount shall be determined on a pro rata aggregate basis with respect to all Real Estate of the Borrower and its Subsidiaries and a
proportionate share of all Real Estate of all Unconsolidated Affiliates of Parent Company. The Capital Reserve shall be calculated based on the total raised square footage of the Buildings owned (or ground leased) at the end of each fiscal quarter,
less the total raised square footage of unoccupied space held for development or redevelopment. 

  
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 Capitalization Rate. Nine percent (9.00%). 

Capitalized Lease. A lease under which the discounted future rental payment obligations of the lessee or the obligor are required
to be capitalized on the balance sheet of such Person in accordance with GAAP. 
 Cash Collateralize. To pledge and
deposit with or deliver to the Agent, for the benefit of the Agent, the Issuing Lender, the Swing Loan Lender or the Revolving Credit Lenders (as applicable), as collateral for the Letter of Credit Liabilities, Swing Loans or obligations of the
Revolving Credit Lenders to fund participations in respect of either thereof (as the context may require), cash or, if the Issuing Lender or Swing Loan Lender benefitting from such collateral shall agree in its sole discretion, other credit support,
in each case pursuant to documentation in form and substance satisfactory to (a) the Agent and (b) the Issuing Lender or Swing Loan Lender, as applicable. “Cash Collateral” shall have a meaning correlative to the foregoing and
shall include the proceeds of such cash collateral and other credit support. 
 Cash Equivalents. As of any date,
(i) securities issued or directly and fully guaranteed or insured by the United States government or any agency or instrumentality thereof having maturities of not more than one year from such date, (ii) time deposits and certificates of
deposits having maturities of not more than one year from such date and issued by any domestic commercial bank having, (A) senior long term unsecured debt rated at least A- or the equivalent thereof by
S&P or A3 or the equivalent thereof by Moody’s and (B) capital and surplus in excess of $100,000,000.00; (iii) commercial paper rated at least A-1 or the equivalent thereof by S&P or P-1 or the equivalent thereof by
Moody’s and in either case maturing within one hundred twenty (120) days from such date, and (iv) shares of any money market mutual fund rated at least AAA or the equivalent thereof by S&P or at least AAA or the equivalent thereof
by Moody’s. 
 CERCLA. The federal Comprehensive Environmental Response Compensation and Liability Act of 1980, as
amended from time to time, and regulations promulgated thereunder. 
 Change of Control. A Change of Control shall exist
upon the occurrence of any of the following: 
 (a) Following the occurrence of the IPO Event, any Person
(including a Person’s Affiliates and associates) or group (as that term is understood under Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the rules and regulations thereunder), other
than Chad L. Williams, General Atlantic, their respective controlled Affiliates, and Permitted Transferees, shall have acquired beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of a percentage (based on voting power, in
the event different classes of stock or voting interests shall have different voting powers) of the voting stock or voting interests of REIT equal to at least thirty percent (30.0%); or 

(b) Following the occurrence of the IPO Event, as of any date a majority of the Board of Directors or Trustees or similar
body (the “REIT Board”) of REIT consists of individuals who were not either (i) directors or trustees of REIT as of the corresponding date 

  
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of the previous year, or (ii) selected or nominated to become directors or trustees by the REIT Board, a majority of which consisted of individuals described in clause (b)(i) above, or
(iii) selected or nominated to become directors or trustees by the REIT Board a majority of which consisted of individuals described in clause (b)(i) above and individuals described in clause (b)(ii) above (excluding, in the case of both clause
(ii) and (iii) above, any individual whose initial nomination for, or assumption of office as, a member of the REIT Board occurs as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one
or more directors or trustees by any Person or group other than a solicitation for the election of one or more directors or trustees by or on behalf of the REIT Board); or 

(c) Following the occurrence of the IPO Event, REIT shall fail to be the sole general partner of the Borrower (or the one
hundred percent (100%) owner of such general partner), shall fail to own such general partnership interest in the Borrower free of any Lien (other than Liens permitted by §8.2(i)), or shall fail to control the management and policies of
the Borrower; or 
 (d) Following the occurrence of the IPO Event, the financial results of the Borrower and its
Subsidiaries shall fail to be Consolidated with the accounts of REIT; or 
 (e) The Borrower or any Guarantor
consolidates with, is acquired by, or merges into or with any Person (other than as permitted by §8.4); or 

(f) Until the occurrence of the IPO Event, except as permitted below in this definition, Chad L. Williams or his majority
owned and controlled Affiliates or a Permitted Transferee of the type described in clause (iii) of the definition thereof of which Chad L. Williams unilaterally controls all voting interests and rights to direct the management and policies of
such trust, partnership or other entity, fail to own in the aggregate, directly or indirectly, at least eighty percent (80.0%) of the economic, voting and beneficial interests in General Partner, or shall fail to own such interests free of any
Lien (other than Liens of the type permitted by §8.2(i)); or 
 (g) Until the occurrence of the IPO Event,
except as permitted below in this definition, Chad L. Williams, a Permitted Transferee of the type described in clause (iii) of the definition thereof of which Chad L. Williams unilaterally controls all voting interests and rights to direct the
management and policies of such trust, partnership or other entity, General Atlantic or their respective majority owned and controlled Affiliates fail to own, directly or indirectly, at least twenty-one percent (21.0%) and fifty-one percent
(51.0%), respectively, of the economic, voting and beneficial interests as limited partners in the Borrower, or in either case shall fail to own such interests free of any Lien (other than Liens of the type permitted by §8.2(i)); or 

(h) Until the occurrence of the IPO Event, General Partner shall fail to be the sole general partner of the Borrower,
shall fail to own such general partner interest in the Borrower free of any Lien (other than Liens of the type permitted by §8.2(i)), or shall fail to control the management and policies of the Borrower; or 

(i) The Borrower fails to own directly or indirectly, free of any Lien (other than Liens permitted by §8.2(i)), at
least one hundred percent (100%) of the economic, voting and beneficial interest of each Guarantor (other than REIT) and each Additional Subsidiary Guarantor. 

  
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 Notwithstanding anything to the contrary in paragraphs (f) or (g) of this
definition of “Change of Control”, prior to the IPO Event, a Transfer of membership interests in the General Partner or limited partnership interests in the Borrower shall not be deemed to be a “Change of Control”, provided that
(i) each of Chad L. Williams or a Permitted Transferee of the type described in clause (iii) of the definition thereof of which Chad L. Williams unilaterally controls all voting interests and rights to direct the management and policies of
such trust, partnership or other entity continue to own, directly or indirectly, at least fifty-one percent (51%) of the membership interests in General Partner owned by such Person as of the Closing Date, (ii) each of Chad L. Williams
(together with any Permitted Transferee of the type described in clause (iii) of the definition thereof of which Chad L. Williams unilaterally controls all voting interests and rights to direct the management and policies of such trust,
partnership or other entity), or General Atlantic continue to own, directly or indirectly, at least fifty-one percent (51.0%) of the limited partnership interests of the Borrower owned by such Person as of the Closing Date, (iii) Chad L.
Williams and General Atlantic continue to control the management and policies of the Borrower, (iv) the Borrower continues to own directly or indirectly one hundred (100%) of any Subsidiary Guarantor and any Additional Subsidiary Guarantor
(or any direct or indirect owners of such Subsidiaries), (v) [intentionally omitted], (vi) no such Transfer, individually or in the aggregate, shall result in any Person other than Chad L. Williams or General Atlantic having a consent
right, veto or other blocking rights with respect to any management, policies, decisions or actions of General Partner or the Borrower, (vii) Agent shall have received evidence that any consents to such Transfer required under the
organizational agreements of the Borrower and General Partners, as applicable, have been obtained, (viii) the requirements set forth in subsections (i) through (vii) above continue to be satisfied following the granting of any pledge
and/or the exercise of the pledgee’s rights (including a foreclosure or sale) under any pledge, (ix) Agent shall receive not less than fifteen (15) days’ prior notice of such proposed Transfer and confirmed no such transferee is
(or will be) a person with whom any Lender is restricted from doing business under OFAC (including those Persons named on OFAC’s Specially Designated and Blocked Persons list) or under any statute, executive order (including the
September 24, 2001 Executive Order Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism), (x) Agent shall receive copies of the documents that will effectuate such Transfer
fifteen (15) days prior to the occurrence thereof, and (xi) no Default or Event of Default shall have occurred and be continuing under this Agreement or any of the other Loan Documents or result from any such Transfer. 

For avoidance of doubt, the term “Change of Control” does not include, and shall not be deemed to occur as a result of, the IPO
Event and so long as any class of shares in the REIT are traded on a nationally recognized securities exchange, the issuance, trading, and redemption of the Equity Interests in the REIT, except as expressly set forth in sub-paragraph (a) above
of this definition. 
 Closing Date. The date of this Agreement. 

  
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 Code. The Internal Revenue Code of 1986, as amended. 

Commitment. With respect to each Lender, the aggregate of (a) the Revolving Credit Commitment of such Lender and (b) the
Term Loan Commitment of such Lender. 
 Commitment Increase. An increase in the Total Revolving Credit Commitment and/or
Total Term Loan Commitment to an aggregate Total Commitment of not more than $675,000,000.00 in the aggregate pursuant to §2.11. 
 Commitment Percentage. With respect to each Lender, the percentage set forth on Schedule 1.1 hereto as such Lender’s percentage of the aggregate Commitments of all of the Lenders, as
the same may be changed from time to time in accordance with the terms of this Agreement; provided that if the Commitments of the Lenders have been terminated as provided in this Agreement, then the Commitment Percentage of each Lender shall be
determined based on the Commitment Percentage of such Lender immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof. 

Commodity Exchange Act. The Commodity Exchange Act (7 U.S.C. §1 et seq.), as amended from time to time, and any successor
statute. 
 Compliance Certificate. See §7.4(c). 

Consolidated. With reference to any term defined herein, that term as applied to the accounts of a Person and its Subsidiaries,
determined on a consolidated basis in accordance with GAAP. 
 Consolidated EBITDA. With respect to any period, an amount
equal to the EBITDA of Parent Company and its Subsidiaries for such period determined on a Consolidated basis. 

Consolidated Fixed Charges. For any period, the sum of (i) Consolidated Interest Expense for such period, plus (ii) all
regularly scheduled principal payments made with respect to Indebtedness of Parent Company and its Subsidiaries during such period, other than any balloon or bullet payments necessary to repay maturing debt in full, plus (iii) all Preferred
Distributions paid during such period. Parent Company’s pro rata share of the fixed charges (the sum of (i), (ii), and (iii) in the preceding sentence) of Unconsolidated Affiliates of Parent Company shall be included in determination of
Consolidated Fixed Charges. 
 Consolidated Interest Expense. For any period, without duplication, (a) the total
Interest Expense of Parent Company and its Subsidiaries determined on a consolidated basis, plus (b) such Person’s Equity Percentage of Interest Expense of its Unconsolidated Affiliates for such period. 

Consolidated Tangible Net Worth. The amount by which Gross Asset Value exceeds Consolidated Total Indebtedness. 

  
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 Consolidated Total Indebtedness. All Indebtedness of Parent Company and its
Subsidiaries determined on a consolidated basis and shall include (without duplication) such Person’s Equity Percentage of the Indebtedness of its Unconsolidated Affiliates. 

Consolidated Total Unsecured Debt. As of any date of determination, all Unsecured Debt of Parent Company and its Subsidiaries
determined on a consolidated basis and shall include (without duplication) such Person’s Equity Percentage of the Unsecured Debt of its Unconsolidated Affiliates. 
 Contribution Agreement. That certain Second Amended and Restated Contribution Agreement dated of even date herewith among the Borrower, the Guarantors and each Additional Subsidiary Guarantor which
may hereafter become a party thereto, as the same may be modified, amended or ratified from time to time. 

Conversion/Continuation Request. A notice given by the Borrower to the Agent of its election to convert or continue a Loan in
accordance with §4.1. 
 Cross-Collateralize. With respect to any Person, shall mean (a) the granting of a Lien
by such Person on all or a portion of the assets of such Person to secure Indebtedness owing by such Person to a lender and the granting of a Lien by such Person on the same group of assets to secure Indebtedness owing by such Person to (i) the
same lender under a different agreement, note or other instrument or (ii) one or more other lenders, or (b) the granting of a Lien by such Person on more than one project (including its related assets) of such Person to secure Indebtedness
owing by such Person to one or more lenders under one agreement, note or other instrument or (c) the granting of a Lien by such Person on all or a portion of its assets to secure Indebtedness owing by another Person. 

DAFC. The Development Authority of Fulton County, Georgia. 

DAFC Transaction. The conveyance of the Metro Property and the consummation of the transactions evidenced and contemplated by the
Metro Indenture and the Metro Ground Lease. 
 Data Center Property. (i) Highly specialized, secure single or multi-tenant facilities used in whole or in substantial part for housing a large number of computer servers and the key infrastructure, including generators and heating, ventilation and air conditioning, or HVAC
systems, necessary to power and cool the servers and ancillary office and storage space related thereto, (ii) any facilities used in whole or in substantial part for technological purposes similar to those described in sub-part (i) above
including, without limitation, manufacturing of semi-conductors or other special purpose buildings requiring custom security or environmental controls, (iii) any office building that is part of a complex or group of buildings containing the
types of facilities described in sub-parts (i) or (ii) above, and (iv) the Real Estate of the Borrower located in Sandston, Virginia commonly known as 6000 Technology Boulevard, Sandston, Virginia 23150 which shall be used in whole or
in part for the uses described in clauses (i)-(iii) above. 
 Debt Offering. The issuance and sale by Parent Company
or any of its Subsidiaries of any debt securities of such Person. 

  
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 Default. See §12.1. 

Default Rate. See §4.12. 
 Defaulting Lender. Any Lender that, as reasonably determined by the Agent, (a) has failed to perform any of its funding obligations hereunder, including in respect of its Loans or
participations in respect of Letters of Credit or Swing Loans, within two (2) Business Days of the date required to be funded by it hereunder and such failure is continuing, unless such failure arises out of a good faith dispute between such
Lender and the Borrower or the Agent, (b) (i) has notified the Borrower, the Agent or any Lender that it does not intend to comply with its funding obligations hereunder or (ii) has made a public statement to that effect with respect
to its funding obligations hereunder, unless with respect to this clause (b), such failure is subject to a good faith dispute, (c) has failed, within two (2) Business Days after request by the Agent, to confirm in a manner reasonably
satisfactory to the Agent that it will comply with its funding obligations hereunder; provided that, notwithstanding the provisions of §2.14, such Lender shall cease to be a Defaulting Lender upon the Agent’s receipt of confirmation that
such Defaulting Lender will comply with its funding obligations, or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any bankruptcy, insolvency, reorganization, liquidation,
conservatorship, assignment for the benefit of creditors, moratorium, receivership, rearrangement or similar debtor relief law of the United States or other applicable jurisdictions from time to time in effect, including any law for the appointment
of the Federal Deposit Insurance Corporation or any other state or federal regulatory authority as receiver, conservator, trustee, administrator or any similar capacity, (ii) had a receiver, conservator, trustee, administrator, assignee for the
benefit of creditors or similar Person, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such capacity, charged with reorganization or liquidation of its business or a custodian
appointed for it, or (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not be a Defaulting Lender solely by virtue of the
ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the
jurisdiction of courts of the United States or from the enforcement of judgments or writs of attachment of its assets or permit such Lender (or such Governmental Authority or instrumentality) to reject, repudiate, disavow, or disaffirm any contracts
or agreements made with such Person). Any determination by the Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent demonstrable error, and such Lender
shall be deemed to be a Defaulting Lender (subject to §2.14(g)) upon delivery of written notice of such determination to the Borrower and each Lender. 
 Derivatives Contract. Any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts,
equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions,
floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any 

  
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combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement. Not in
limitation of the foregoing, the term “Derivatives Contract” includes any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement
published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement, including any such obligations or liabilities under any such master agreement. 

Derivatives Termination Value. In respect of any one or more Derivatives Contracts, after taking into account the effect of any
legally enforceable netting agreement relating to such Derivatives Contracts, (a) for any date on or after the date such Derivatives Contracts have been closed out and termination value(s) determined in accordance therewith, such termination
value(s), and (b) for any date prior to the date referenced in clause (a) the amount(s) determined as the mark-to-market value(s) for such Derivatives Contracts, as determined based upon one or more mid-market or other readily available
quotations provided by any recognized dealer in such Derivatives Contracts (which may include the Agent or any Lender). 

Development Property. Any Real Estate owned or acquired by Parent Company and its Subsidiaries and on which such Person is
pursuing construction of one or more buildings for use as a Data Center Property and for which construction is proceeding to completion without undue delay from permit denial, construction delays or otherwise, all pursuant to the ordinary course of
business of Parent Company and its Subsidiaries; provided that any Data Center Property will no longer be considered to be a Development Property at the earlier of (a) the date on which such Development Property’s capitalized value
determined in accordance with GAAP exceeds its book value determined in accordance with GAAP, (b) the date on which all improvements related to the development of such Development Property have been substantially completed (excluding tenants
improvements) for eighteen (18) months, or (c) the date upon which notice is received by Agent from the Borrower that it elects to designate such Development Property as a Stabilized Property. Each individual phase of a given development
will be considered a separate and distinct project for purposes of this definition. 
 Disclosed Competitors. Any of the
companies listed on Schedule 1.3 attached hereto and made a part hereof. 
 Distribution. Any
(a) dividend or other distribution, direct or indirect, on account of any Equity Interest of Guarantors, the Borrower, or any of their respective Subsidiaries now or hereafter outstanding, except a dividend or distribution payable solely in
Equity Interests of identical class to the holders of that class; (b) redemption, conversion, exchange, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any Equity Interest of
Guarantors, the Borrower, or any of their respective Subsidiaries now or hereafter outstanding (other than exchange of an Equity Interest for another Equity Interest of the same Person); and (c) payment made to retire, or to obtain the
surrender of, any outstanding warrants, options or other rights to acquire any Equity Interests of Guarantors, the Borrower, or any of their respective Subsidiaries now or hereafter outstanding. 

  
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 Dollars or $. Dollars in lawful currency of the United States of America.

 Domestic Lending Office. Initially, the office of each Lender designated as such on Schedule 1.1 hereto;
thereafter, such other office of such Lender, if any, located within the United States that will be making or maintaining Base Rate Loans. 
 Drawdown Date. The date on which any Loan is made or is to be made, and the date on which any Loan which is made prior to the Revolving Credit Maturity Date or Term Loan Maturity Date, as
applicable, is converted in accordance with §4.1. 
 EBITDA. With respect to Parent Company and its Subsidiaries for
any period (without duplication): (a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and
amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) non-recurring charges and extraordinary or non-recurring gains and losses; and (v) other non-cash items,
including without limitation, non-cash deferred compensation expense for officers and employees and amortization of stock grants; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below; plus
(c) Set-up Fees that are amortized over the term of the applicable Lease. With respect to Unconsolidated Affiliates, EBITDA attributable to such entities shall be excluded but EBITDA shall include a Person’s Equity Percentage of Net Income
(or Loss) from such Unconsolidated Affiliates plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) non-recurring
charges and extraordinary or non-recurring gains and losses; and (v) other non-cash items, including without limitation, non-cash deferred compensation expense for officers and employees and amortization of stock grants from such Unconsolidated
Affiliates. EBITDA shall be adjusted to remove (i) any impact from straight line rent leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R, and (ii) merger and acquisition costs required to be
expensed under FAS 141R. Notwithstanding the foregoing, property management fees (also known as property level general and administrative expense) shall be adjusted for the greater of (i) actual property management expenses of such Real Estate,
or (ii) an amount equal to four percent (4.0%) of the gross revenues from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R. 

Eligible Real Estate. Real Estate: 
 (a) which is wholly-owned in fee (or leased under a Ground Lease) by the Borrower or a Subsidiary Guarantor; 
 (b) which is located within the 50 States of the United States or the District of Columbia; 
 (c) which is improved by an income-producing Data Center Property; 

(d) as to which all of the representations set forth in §6 of this Agreement concerning such Unencumbered Asset Pool
Property are true and correct; 

  
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 (e) as to which the Agent has received and approved all Eligible Real Estate
Qualification Documents, or will receive and approve them prior to inclusion of such Real Estate in the Unencumbered Asset Pool; and 
 (f) as to which, notwithstanding anything to the contrary contained herein, the Agent has approved for inclusion in the Unencumbered Asset Pool. 

Eligible Real Estate Qualification Documents. See Schedule 1.2 attached hereto. 

Employee Benefit Plan. Any employee benefit plan within the meaning of §3(3) of ERISA maintained or contributed to by the
Borrower, any Guarantor or any ERISA Affiliate, other than a Multiemployer Plan. 
 Environmental Engineer. A firm of
independent professional engineers or other scientists generally recognized as expert in the detection, analysis and remediation of Hazardous Substances and related environmental matters and acceptable to the Agent in its reasonable discretion.

 Environmental Laws. Any agreement or restriction pertaining to any Mold Condition or any federal, state or local
statute, regulation, ordinance, code, rule, regulation or rule of common law or any judicial or administrative decree or decision, whether now existing or hereinafter enacted, promulgated or issued, with respect to any Hazardous Substances, Mold,
drinking water, groundwater, wetlands, landfills, open dumps, storage tanks, underground storage tanks, solid waste, waste water, storm water run-off, waste emissions or wells. Without limiting the generality of the foregoing, the term shall
encompass each of the following statutes and their state and local equivalents, and regulations promulgated thereunder, and amendments and successors to such statutes and regulations, as are applicable and as may be enacted and promulgated from time
to time: (i) the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (codified in scattered sections of 26 U.S.C.; 33 U.S.C.; 42 U.S.C. and 42 U.S.C. §9601 et seq.); (ii) the Resource Conservation and Recovery
Act of 1976 (42 U.S.C. §6901 et seq.); (iii) the Hazardous Materials Transportation Act (49 U.S.C. §1801 et seq.); (iv) the Toxic Substances Control Act (15 U.S.C. §2061 et seq.); (v) the Clean Water Act (33 U.S.C.
§1251 et seq.); (vi) the Clean Air Act (42 U.S.C. §7401 et seq.); (vii) the Safe Drinking Water Act (21 U.S.C. §349; 42 U.S.C. §201 and §300f et seq.); (viii) the National Environmental Policy Act of 1969 (42
U.S.C. §4321); (ix) the Superfund Amendment and Reauthorization Act of 1986 (codified in scattered sections of 10 U.S.C., 29 U.S.C., 33 U.S.C. and 42 U.S.C.); and (x) Title III of the Superfund Amendment and Reauthorization Act (40
U.S.C. §1101 et seq.). 
 Equipment Intercreditor Agreement. The Second Amended and Restated Subordination and
Intercreditor Agreement dated of even date herewith by and between Agent and Equipment Lender. 
 Equipment Lender.
Caterpillar Financial Services Corporation. 
 Equipment Loan. A loan from Equipment Lender to QIPM in the original
principal amount of $25,000,000 provided pursuant to the Equipment Loan Documents as the same may be amended, modified, increased, consolidated or restated as provided herein, subject to the terms of the Equipment Intercreditor Agreement.

  
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 Equipment Loan Documents. The Loan Agreement dated as of April 9, 2010 between
Equipment Lender and QIPM and any other promissory notes, documents, agreements or instruments now or hereafter executed and delivered by or on behalf of QIPM or any other person or entity in connection with the Equipment Loan, as any of the same
may be from time to time amended, extended, supplemented, consolidated, renewed, restated or otherwise modified. 
 Equity
Interests. With respect to any Person, any share of capital stock of (or other ownership or profit interests in) such Person, any warrant, option or other right for the purchase or other acquisition from such Person of any share of capital stock
of (or other ownership or profit interests in) such Person, any security convertible into or exchangeable for any share of capital stock of (or other ownership or profit interests in) such Person or warrant, right or option for the purchase or other
acquisition from such Person of such shares (or such other interests), and any other ownership or profit interest in such Person (including, without limitation, partnership, member or trust interests therein), whether voting or nonvoting, and
whether or not such share, warrant, option, right or other interest is authorized or otherwise existing on any date of determination. 
 Equity Offering. The issuance and sale after the Closing Date by Parent Company or any of its Subsidiaries of any Equity Interests of such Person. 

Equity Percentage. The aggregate ownership percentage of the Borrower, a Guarantor or their respective Subsidiaries in each
Unconsolidated Affiliate. 
 ERISA. The Employee Retirement Income Security Act of 1974, as amended and in effect from
time to time. 
 ERISA Affiliate. Any Person which is treated as a single employer with Parent Company or its
Subsidiaries under §414 of the Code. 
 ERISA Reportable Event. A reportable event with respect to a Guaranteed
Pension Plan within the meaning of §4043 of ERISA and the regulations promulgated thereunder as to which the requirement of notice has not been waived. 
 Event of Default. See §12.1. 
 Excluded Hedge Obligation. With
respect to any Guarantor, any Hedge Obligation, if, and to the extent that, all or a portion of the guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Hedge Obligation (or any guarantee thereof) is
or becomes illegal under the Commodity Exchange Act or any rule regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason
to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the guarantee of such Guarantor or the grant of such security interest becomes effective with respect to
such Hedge Obligation. If a Hedge Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Hedge Obligation that is attributable to swaps for which such guarantee or security
interest is or becomes illegal. 

  
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 Existing Letters of Credit. The Letters of Credit issued by Issuing Lender and
described on Schedule 2.10 hereto. 
 Extension Request. See §2.15(a). 

FATCA. Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is
substantively comparable and not materially more onerous to comply with) and any current or future regulations promulgated thereunder or official interpretations thereof. 
 Federal Funds Effective Rate. For any day, the rate per annum (rounded upward to the nearest one-hundredth of one percent (1/100 of 1%)) announced by the Federal Reserve Bank of Cleveland on such
day as being the weighted average of the rates on overnight federal funds transactions arranged by federal funds brokers on the previous trading day, as computed and announced by such Federal Reserve Bank in substantially the same manner as such
Federal Reserve Bank computes and announces the weighted average it refers to as the “Federal Funds Effective Rate.” 

Fee Owner. See §6.32(a). 
 First Amended and Restated Credit Agreement. As defined in the recitals. 

Fronting Exposure. At any time there is a Defaulting Lender, (a) with respect to the Issuing Lender, such Defaulting
Lender’s Revolving Commitment Percentage of the outstanding Letter of Credit Liabilities other than Letter of Credit Liabilities as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Credit
Lenders or cash collateral or other credit support acceptable to the Issuing Lender shall have been provided in accordance with the terms hereof and (b) with respect to the Swing Loan Lender, such Defaulting Lender’s Revolving Commitment
Percentage of Swing Loans other than Swing Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Credit Lenders, repaid by the Borrower or for which cash collateral or other credit support
acceptable to the Swing Loan Lender shall have been provided in accordance with the terms hereof. 
 Funds from
Operations. With respect to any Person for any period, an amount equal to the Net Income (or Loss) of such Person for such period, computed in accordance with GAAP, excluding gains and losses from sales of property, non-cash impairment charges
and non-cash charges and gains from Derivatives Contracts, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures. Adjustments for unconsolidated partnerships and joint ventures will be
recalculated to reflect funds from operations on the same basis. Funds from Operations shall be reported in accordance with NAREIT policies unless otherwise agreed to above in this definition. 

GAAP. Principles that are (a) consistent with the principles promulgated or adopted by the Financial Accounting Standards
Board and its predecessors, as in effect from time to time and (b) consistently applied with past financial statements of the Person adopting the same principles. 

  
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 General Atlantic. General Atlantic REIT, Inc., a Maryland corporation. 

General Partner. QualityTech GP, LLC, a Delaware limited liability company, or any other successor general partner of the Borrower
in connection with the IPO Event. 
 Governmental Authority. The government of the United States of America or any other
nation, or of any political subdivision thereof whether state or local agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers
or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 Gross Asset Value. On a consolidated basis for Parent Company and its Subsidiaries, Gross Asset Value shall mean the sum of (without duplication with respect to any Real Estate): 

(i) the Adjusted Net Operating Income (but not less than zero) of any Real Estate owned by Parent Company or any of its Subsidiaries
which is a Stabilized Property divided by the Capitalization Rate (expressed as a decimal); plus 
 (ii) the cost basis
book value determined in accordance with GAAP of all Real Estate acquired by Parent Company or any of its Subsidiaries during the prior two (2) fiscal quarters most recently ended; plus 

(iii) the book value determined in accordance with GAAP of all Development Properties owned by Parent Company or any of its
Subsidiaries; plus 
 (iv) the book value determined in accordance with GAAP of all Land Assets of Parent Company and its
Subsidiaries, plus 
 (v) the aggregate amount of all Unrestricted Cash and Cash Equivalents of Parent Company and its
Subsidiaries as of the date of determination; plus 
 (vi) the amount of cash contained in any accounts established by or for
the benefit of Parent Company or its Subsidiaries to effectuate a tax-deferred exchange (also known as a “1031” exchange) in connection with the purchase and/or sale of all or a portion of Real Estate; plus 

(vii) to the extent approved by Agent, the aggregate amount of all cash and Cash Equivalents (excluding amounts included in (v) and
(vi) above) of Parent Company and its Subsidiaries as of the date of determination that does not qualify as “Unrestricted” as defined in the definition of Unrestricted Cash and Cash Equivalents. 

Gross Asset Value will be adjusted, as appropriate, for acquisitions, dispositions and other changes to the portfolio during the calendar
quarter most recently ended prior to a date of determination. All income, expense and value associated with assets included in Gross Asset Value disposed of during the calendar quarter period most recently ended prior to a date of determination will
be eliminated from calculations. Additionally, without limiting or affecting 

  
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any other provision hereof, Gross Asset Value shall not include any income or value associated with Real Estate which is not operated or intended to be operated principally as a Data Center
Property. Gross Asset Value will be adjusted to include an amount equal to Parent Company or any of its Subsidiaries’ pro rata share (based upon the greater of such Person’s Equity Percentage in such Unconsolidated Affiliate or such
Person’s pro rata liability for the Indebtedness of such Unconsolidated Affiliate) of the Gross Asset Value attributable to any of the items listed above in this definition owned by such Unconsolidated Affiliate. 

Ground Lease. A ground lease relating to an Unencumbered Asset Pool Property as to which no default or event of default has
occurred or with the passage of time or the giving of notice would occur and which the Agent determines in its reasonable discretion is a financeable ground lease and that contains the following terms and conditions: (a) a remaining term
(exclusive of any unexercised extension options that are subject to terms or conditions not yet agreed upon and specified in such ground lease or an amendment thereto, other than a condition that the lessee not be in default under such ground
leases) of at least thirty (30) years or more from the date such asset becomes an Unencumbered Asset Pool Property; (b) the right of the lessee to mortgage and encumber its interest in the leased property without the consent of the lessor;
(c) the obligation of the lessor to give the holder of any mortgage lien on such leased property written notice of any defaults on the part of the lessee and agreement of such lessor that such lease will not be terminated until such holder has
had a reasonable opportunity to cure or complete foreclosure, and fails to do so; (d) reasonable transferability of the lessee’s interest under such lease, including the ability to sublease; and (e) such other rights customarily
required by mortgagees making a loan secured by the interest of the holder of the leasehold estate demised pursuant to a ground lease. Notwithstanding the foregoing, the Metro Ground Lease and the Santa Clara Ground Lease are each a Ground Lease.

 Guaranteed Pension Plan. Any employee pension benefit plan within the meaning of §3(2) of ERISA maintained or
contributed to by the Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer Plan. 

Guarantors. Collectively, those Subsidiaries of Borrower set forth on Schedule 1.5 hereto, together with any
Additional Subsidiary Guarantor and, following the occurrence of the IPO Event, REIT. 
 Guarantor Joinder Agreement. The
Guarantor Joinder Agreement with respect to the Guaranty and Contribution Agreement to be executed and delivered pursuant to §5.3, such Guarantor Joinder Agreement to be substantially in the form of
Exhibit E-2 hereto. 
 Guaranty. The Second Amended and Restated
Unconditional Guaranty of Payment and Performance dated of even date herewith given by Guarantors to and for the benefit of Agent and the Lenders as the same may be modified, amended, restated or ratified, such Guaranty to be in form and substance
satisfactory to the Agent. 
 Hazardous Substances. Each and every element, compound, chemical mixture, contaminant,
pollutant, toxic substance, oil, material, waste or other substance which is defined, determined or identified as hazardous or toxic under any Environmental Law. Without limiting 

  
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the generality of the foregoing, the term shall mean and include: “hazardous substances” as defined in the Comprehensive Environmental Response, Compensation and Liability Act of 1980,
the Superfund Amendment and Reauthorization Act of 1986, or Title III of the Superfund Amendment and Reauthorization Act, each as amended, and regulations promulgated thereunder; “hazardous waste” and “regulated substances” as
defined in the Resource Conservation and Recovery Act of 1976, as amended, and regulations promulgated thereunder; “hazardous materials” as defined in the Hazardous Materials Transportation Act, as amended, and regulations promulgated
thereunder; and “chemical substance or mixture” as defined in the Toxic Substances Control Act, as amended, and regulations promulgated thereunder. 
 Hedge Obligations. All obligations of the Borrower or a Subsidiary to any Lender Hedge Provider to make any payments under any agreement with respect to an interest rate swap, collar, cap or floor
or a forward rate agreement or other agreement regarding the hedging of interest rate risk exposure relating to the Obligations, and any confirming letter executed pursuant to such hedging agreement, and which shall include, without limitation, any
obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act, all as amended, restated or otherwise modified. Under no circumstances
shall any of the Hedge Obligations secured or guaranteed by any Loan Document as to a Guarantor include any obligation that constitutes an Excluded Hedge Obligation of such Guarantor. 

Implied Debt Service. On any date of determination, an amount equal to the sum of (A) the greater of (i) the annual
principal and interest payment sufficient to amortize in full during a thirty (30) year period, a loan in an amount equal to the sum of the aggregate principal balance of the Loans as of such date, calculated using an interest rate equal to the
greater of (a) the then current annual yield on ten (10) year obligations issued by the United States Treasury most recently prior to the date of determination as determined by the Agent plus two and one quarter percent (2.25%), or
(b) 6.50%, or (ii) the actual annual interest that was paid by the Borrower under this Agreement (including for the purposes hereof, payments under the First Amended and Restated Credit Agreement) for the preceding twelve
(12) calendar months, plus (B) the actual annual principal and interest that was paid with respect to the Equipment Loan for the preceding twelve (12) calendar months, plus (C) the actual annual principal (excluding balloon
payments) and interest that was paid with respect to any other Unsecured Debt for the preceding twelve (12) calendar months. For the purposes of calculating Implied Debt Service, for Unencumbered Asset Pool Properties that have been disposed of
during the period of two (2) fiscal quarters most recently ended, then to the extent proceeds for such sale of Unencumbered Asset Pool Properties shall be used to repay any Unsecured Debt, then such actual interest expense associated with such
Unencumbered Asset Pool Properties shall be excluded from the calculation of Implied Debt Service pursuant to clauses (A)(ii) or (C) above so long as Agent shall have given its prior written consent, which consent shall not be unreasonably
withheld, conditioned or delayed. 
 Increase Date. See §2.11(b). 

Increase Notice. See §2.11(a). 

  
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 Indebtedness. With respect to a Person, at the time of computation thereof, all of
the following (without duplication): (a) all obligations of such Person in respect of money borrowed (other than trade debt incurred in the ordinary course of business which is not more than one hundred eighty (180) days past due);
(b) all obligations of such Person, whether or not for money borrowed (i) represented by notes payable, or drafts accepted, in each case representing extensions of credit, (ii) evidenced by bonds, debentures, notes or similar
instruments, or (iii) constituting purchase money indebtedness, conditional sales contracts, title retention debt instruments or other similar instruments, upon which interest charges are customarily paid or that are issued or assumed as full
or partial payment for property or services rendered; (c) obligations of such Person as a lessee or obligor representing the principal portion under a Capitalized Lease; (d) all reimbursement obligations of such Person under any letters of
credit or acceptances (whether or not the same have been presented for payment), but excluding any such reimbursement obligations to the extent such obligations have been cash collateralized; (e) Off-Balance Sheet Obligations; (f) all
obligations of such Person in respect of any purchase obligation, repurchase obligation, takeout commitment or forward equity commitment, in each case evidenced by a binding agreement (excluding (i) any such obligation to the extent the
obligation can be solely satisfied by the issuance of Equity Interests and (ii) any purchases of Real Estate, inventory or equipment in the ordinary course of business of such Person); (g) net obligations under any Derivatives Contract not
entered into as a hedge against existing Indebtedness, in an amount equal to the Derivatives Termination Value thereof; (h) all Indebtedness of other Persons which such Person has guaranteed or is otherwise recourse to such Person (except for
guaranties of Non-Recourse Exclusions until a claim is made with respect thereto, and then shall be included only to the extent of the amount of such claim), including liability of a general partner in respect of liabilities of a partnership in
which it is a general partner which would constitute “Indebtedness” hereunder, any obligation to supply funds to or in any manner to invest directly or indirectly in a Person, to maintain working capital or equity capital of another Person
or otherwise to maintain net worth, solvency or other financial condition of another Person, to purchase indebtedness, or to assure the owner of indebtedness against loss, including, without limitation, through an agreement to purchase property,
securities, goods, supplies or services for the purpose of enabling the debtor to make payment of the indebtedness held by such owner or otherwise; (i) all Indebtedness of another Person secured by (or for which the holder of such Indebtedness
has an existing right, contingent or otherwise, to be secured by) any Lien on property or assets owned by such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness or other payment obligation; and
(j) such Person’s pro rata share of the Indebtedness (based upon its Equity Percentage in such Unconsolidated Affiliate) of any Unconsolidated Affiliate of such Person. “Indebtedness” shall be adjusted to remove any impact of
intangibles pursuant to FAS 141R, as issued by the Financial Accounting Standards Board in December of 2007. Indebtedness of any Person shall include Indebtedness of any partnership or joint venture in which such Person is a general partner or joint
venture only to the extent of such Person’s pro rata share of the ownership of such partnership or joint venture (except if such Indebtedness, or portion thereof, is recourse to such Person, in which case the greater of such Person’s pro
rata portion of such Indebtedness or the amount of the recourse portion of the Indebtedness, shall be included as Indebtedness of such Person). Indebtedness shall also include loans made pursuant to QTLP Subordinate Note; provided, however, that
loans made pursuant to QTLP Subordinate Note shall be excluded from Indebtedness so long as no default, material misrepresentation or breach of warranty has occurred under QTLP Subordination and Standstill Agreement. 

  
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 Initial Unencumbered Asset Pool Properties. The Eligible Real Estate so identified in
Schedule 1.6. 
 Initial Subsidiary Guarantors. The Subsidiary Guarantors of the Borrower that own, or provide
services to, the Initial Unencumbered Asset Pool Properties as of the Closing Date and have executed the Guaranty. 

Interest Expense. For any period with respect to Parent Company and its Subsidiaries, without duplication, (a) interest
(whether accrued or paid) actually payable (without duplication), excluding non-cash interest expense but including capitalized interest not funded under an interest reserve pursuant to a specific debt obligation, together with the interest portion
of payments on Capitalized Leases, plus (b) Parent Company’s and its Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period. Interest Expense shall exclude interest paid pursuant
to the QTLP Subordinate Note. 
 Interest Payment Date. As to each Base Rate Loan or LIBOR Rate Loan
the first (1st) day of each calendar month during the
term of such Base Rate Loan or LIBOR Rate Loan, as the case may be. 
 Interest Period. With respect to each LIBOR Rate
Loan (a) initially, the period commencing on the Drawdown Date of such LIBOR Rate Loan and ending one, two or three months thereafter, and (b) thereafter, each period commencing on the day following the last day of the next preceding
Interest Period applicable to such Loan and ending on the last day of one of the periods set forth above, as selected by the Borrower in a Loan Request or Conversion/Continuation Request; provided that all of the foregoing provisions relating
to Interest Periods are subject to the following: 
 (viii) if any Interest Period with respect to a LIBOR Rate Loan would
otherwise end on a day that is not a LIBOR Business Day, such Interest Period shall end on the next succeeding LIBOR Business Day, unless such next succeeding LIBOR Business Day occurs in the next calendar month, in which case such Interest Period
shall end on the next preceding LIBOR Business Day, as determined conclusively by the Agent in accordance with the then current bank practice in London; 
 (ix) if the Borrower shall fail to give notice as provided in §4.1, the Borrower shall be deemed to have requested a continuation of the affected LIBOR Rate Loan as a LIBOR Rate Loan on the last day
of the then current Interest Period with respect thereto as provided in and subject to the terms of §4.1(c); 
 (x) any
Interest Period pertaining to a LIBOR Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last
Business Day of the applicable calendar month; and 

  
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 (xi) no Interest Period relating to any Revolving Credit LIBOR Rate Loan shall extend
beyond the Revolving Credit Maturity Date, and no Interest Period relating to any Term LIBOR Rate Loan shall extend beyond the Term Loan Maturity Date. 
 Investments. With respect to any Person, all shares of capital stock, evidences of Indebtedness and other securities issued by any other Person and owned by such Person, all loans, advances, or
extensions of credit (other than endorsements for collection) to, or contributions to the capital of, any other Person, all purchases of the securities or business or integral part of the business of any other Person and commitments and options to
make such purchases, all interests in real property, and all other investments; provided, however, that the term “Investment” shall not include (i) inventory and other tangible personal property acquired in the ordinary
course of business, or (ii) current trade and customer accounts receivable for services rendered in the ordinary course of business and payable in accordance with customary trade terms. In determining the aggregate amount of Investments
outstanding at any particular time: (a) there shall be included as an Investment all interest accrued with respect to Indebtedness constituting an Investment unless and until such interest is paid; (b) there shall be deducted in respect of
each Investment any amount received as a return of capital; (c) there shall not be deducted in respect of any Investment any amounts received as earnings on such Investment, whether as dividends, interest or otherwise, except that accrued
interest included as provided in the foregoing clause (a) may be deducted when paid; and (d) there shall not be deducted in respect of any Investment any decrease in the value thereof. 

IPO Event. The completion of all of the following: the formation of REIT and the initial public offering of stock in REIT and the
registration of REIT as a public company with the SEC and all other transactions directly relating thereto. 
 Issuing
Lender. KeyBank, in its capacity as the Lender issuing the Letters of Credit and any successor thereto. 
 KeyBank.
As defined in the preamble hereto. 
 Land Assets. Land with respect to which the commencement of grading, construction
of improvements (other than improvements that are not material and are temporary in nature) or infrastructure has not yet commenced and for which no such work is reasonably scheduled to commence within the following twelve (12) months.

 Leases. Leases and all subleases, tenancies, shared space agreements, master space agreement, frame agreements,
occupancies, licenses and agreements, whether written or oral, relating to the use or occupation of space in any Building or of any Real Estate. 
 Lender Hedge Provider. With respect to any Hedge Obligations, any counterparty thereto that, at the time the applicable hedge agreement was entered into, was a Lender or an Affiliate of a Lender.

 Lenders. KeyBank, the other lending institutions which are party hereto and any other Person which becomes an assignee
of any rights of a Lender pursuant to §18 (but not including any participant as described in §18); and collectively, the Revolving Credit Lenders, the Term Loan Lenders, the Issuing Lender and the Swing Loan Lender. The Swing Loan Lender
and Issuing Lender shall be a Revolving Credit Lender, as applicable. 

  
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 Letter of Credit. Any standby letter of credit issued at the request of the Borrower
and for the account of the Borrower or its Subsidiaries in accordance with §2.10. 
 Letter of Credit Expiration
Date. The day that is thirty (30) days prior to the Revolving Credit Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day). 

Letter of Credit Liabilities. At any time and in respect of any Letter of Credit, the sum of (a) the maximum undrawn face
amount of such Letter of Credit plus (b) the aggregate unpaid principal amount of all drawings made under such Letter of Credit which have not been repaid (including repayment by a Revolving Credit Loan). For purposes of this Agreement, a
Revolving Credit Lender (other than the Revolving Credit Lender acting as the Issuing Lender) shall be deemed to hold a Letter of Credit Liability in an amount equal to its participation interest in the related Letter of Credit under §2.10, and
the Revolving Credit Lender acting as the Issuing Lender shall be deemed to hold a Letter of Credit Liability in an amount equal to its retained interest in the related Letter of Credit after giving effect to the acquisition by the Revolving Credit
Lenders other than the Revolving Credit Lender acting as the Issuing Lender of their participation interests under such Section. 
 Letter of Credit Request. See §2.10(a). 
 LIBOR. For any LIBOR
Rate Loan for any Interest Period, the average rate as shown in Reuters Screen LIBOR01 Page (or any successor service, or if such Person no longer reports such rate as determined by Agent, by another commercially available source providing such
quotations approved by Agent) at which deposits in U.S. dollars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on the day that is two (2) LIBOR Business Days prior to the first day of
such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates, adjusted for reserves and taxes if required by future regulations. If such
service or such other Person approved by Agent described above no longer reports such rate or Agent determines in good faith that the rate so reported no longer accurately reflects the rate available to Agent in the London Interbank Market, Loans
shall accrue interest at the Base Rate plus the Applicable Margin for such Loan. For any period during which a Reserve Percentage shall apply, LIBOR with respect to LIBOR Rate Loans shall be equal to the amount determined above divided by an amount
equal to 1 minus the Reserve Percentage. 
 LIBOR Business Day. Any day on which commercial banks are open for
international business (including dealings in Dollar deposits) in London, England. 
 LIBOR Lending Office. Initially,
the office of each Lender designated as such on Schedule 1.1 hereto; thereafter, such other office of such Lender, if any, that shall be making or maintaining LIBOR Rate Loans. 

LIBOR Rate Loans. Collectively, the Revolving Credit LIBOR Rate Loans and the Term LIBOR Rate Loans. 

  
 23 

 Lien. See §8.2. 

Loan Documents. This Agreement, the Notes, any Letter of Credit Request, the Guaranty, the Contribution Agreement, and all other
documents, instruments or agreements now or hereafter executed or delivered by or on behalf of the Borrower or the Guarantors in connection with the Loans. 
 Loan Request. See §2.7. 
 Loan and Loans. An individual
loan or the aggregate loans (including a Revolving Credit Loan (or Loans), a Term Loan (or Loans) and a Swing Loan (or Loans), as the case may be, to be made by the Lenders hereunder. All Loans shall be made in Dollars. Amounts drawn under a Letter
of Credit shall also be considered Revolving Credit Loans as provided in §2.10(f). 
 Majority Revolving Credit
Lenders. As of any date, any Revolving Credit Lender or collection of Revolving Credit Lenders whose aggregate Revolving Credit Commitment Percentage is greater than fifty percent (50%); provided that in determining said percentage at any given
time, all the existing Revolving Credit Lenders that are Defaulting Lenders will be disregarded and excluded and the Revolving Credit Commitment Percentages of the Revolving Credit Lenders shall be redetermined for voting purposes only to exclude
the Revolving Credit Commitment Percentages of such Defaulting Lenders. 
 Management Agreements. Collectively,
(i) that certain Special Services and Collection Agreement dated as of October 23, 2009 by and between QTS Metro TRS and QIPM, (ii) that certain Special Services Assistance Agreement dated as of October 23, 2009 by and between
QTS Metro TRS and QTS Holding, (iii) that certain Property Management Assistance Agreement dated as of October 23, 2009 by and between QTLP and QIPM, (iv) that certain Management Services Agreement dated as of June 25, 2009 by
and between Quality Technology Services, LLC, and QTS Metro TRS, (v) that certain Special Services and Collection Agreement dated as of October 23, 2009 by and between QTS Suwanee TRS and QIPS, (vi) that certain Special Services
Assistance Agreement dated as of October 23, 2009 by and between QTS Suwanee TRS and QTS Holding, (vii) that certain Property Management Assistance Agreement dated as of October 23, 2009 by and between QTLP and QIPS, (viii) that
certain Management Services Agreement dated as of June 25, 2009 by and between Quality Technology Services, LLC, and QTS Suwanee TRS, (ix) that certain Special Services and Collection Agreement, dated as of October 23, 2009, by and
between Quality Technology Services Wichita II, LLC and QLD Investment Properties Wichita Technology Group, LLC, (x) that certain Special Services Assistance Agreement, dated as of October 23, 2009, by and between QTS Holdings and Quality
Technology Services Wichita II, LLC, (xi) that certain Property Management Assistance Agreement, dated as of October 23, 2009, by and between Borrower and QLD Investment Properties Wichita Technology Group, LLC, (xii) that certain
Special Services Assistance Agreement, dated as of October 23, 2009, by and between QTS Holding and Quality Technology Services Miami II, LLC, (xiii) that certain Property Management Assistance Agreement, dated as of October 23, 2009,
by and between Borrower and Quality Investment Properties Miami, LLC, (xiv) that certain Special Services and Collection Agreement, dated as of October 23, 2009, by and between Quality Technology Services Miami II, LLC and Quality
Investment Properties 

  
 24 

 
Miami, LLC, (xv) that certain Special Services and Collection Agreement, dated as of December 21, 2012, by and between Quality Technology Services Sacramento II, LLC and Quality
Investment Properties Sacramento, LLC, (xvi) that certain Special Services Assistance Agreement, dated as of December 21, 2012, by and between QTS Holding and Quality Technology Services Sacramento, II, LLC, (xvii) that certain
Property Management Assistance Agreement, dated as of December 21, 2012, by and between Borrower and Quality Investment Properties Sacramento, LLC, (xviii) that certain Property Management Assistance Agreement, dated as of October 23,
2009, by and between Borrower and Quality Investment Properties Santa Clara, LLC, (xix) that certain Special Services and Collection Agreement, dated as of October 23, 2009, by and between Quality Investment Properties Santa Clara, LLC and
Quality Technology Services Santa Clara II, LLC, (xx) that certain Special Services Assistance Agreement, dated as of October 23, 2009, by and between QTS Holding and Quality Technology Services Santa Clara II, LLC, and (xxi) any
management agreement entered into by and between the Borrower and a Subsidiary of Parent Company, pursuant to which a manager is to provide any similar management or other service with respect to the applicable Unencumbered Asset Pool Property or to
receive separate consideration from the tenants or licensees of an Unencumbered Asset Pool Property, provided any such Management Agreement shall be subject to the approval of Agent, which shall not be unreasonably withheld, conditioned or delayed.

 Material Adverse Effect. A material adverse effect on (a) the business, properties, assets, condition (financial
or otherwise) or results of operations of Parent Company and its Subsidiaries considered as a whole; (b) the ability of the Borrower or any Guarantor to perform any of its material obligations under the Loan Documents; or (c) the validity
or enforceability of any of the Loan Documents or the rights or remedies of Agent or the Lenders thereunder. 
 Material
Agreements. Each contract and agreement relating to the ownership, management, development, use, operation, leasing, maintenance, repair or improvement of the Unencumbered Asset Pool Properties, including, without limitation (a) those
needed to deliver services guaranteed at the Unencumbered Asset Pool Properties under the Leases, or (b) under which there is an obligation of the Borrower or a Subsidiary Guarantor to pay more than $200,000 per annum. Material Agreements shall
not include the Management Agreements or the Leases. 
 Material Subsidiary. Any Subsidiary of the Parent Company which
is a guarantor of or otherwise liable with respect to any other Unsecured Debt of Parent Company or any of its Subsidiaries (other than any of such Subsidiaries that are not organized under the laws of any political subdivision of the United States
and which are not borrowers, guarantors or otherwise liable with respect to any Unsecured Debt of Parent Company or any of its Subsidiaries which are organized under the laws of any political subdivision of the United States). 

Metro Indenture. That certain Bond Purchase Loan Agreement, dated as of December 1, 2006, between the DAFC and Quality
Investment Properties Atlanta Tech Centre South, L.L.C., a Georgia limited liability company. 
 Metro Ground Lease. The
Lease Agreement dated as of December 1, 2006 between the Authority, as lessor, and Quality Investment Properties Atlanta Tech Centre South, L.L.C., as lessee, a short form of which was recorded in the Fulton County Real Estate Records,

  
 25 

 
on December 29, 2006 in Book 44177, Page 662, as assigned to and assumed by QIPM, with respect to the tenant’s interest thereunder, pursuant to that certain Assignment of Lease, Deed to
Secure Debt and Other Documents, dated as of February 28, 2007 and as amended on March 9, 2007 by that certain Lessor Estoppel and Agreement, and as the same may hereafter be amended, restated or modified from time to time. 

Metro Property. All that certain property located at 1033 Jefferson Street, NW, Atlanta, Georgia 30318-8024. 

Mold. Surficial or airborne microbial constituents, regardless of genus, species, or whether commonly referred to as mildew, mold,
mold spores, fungi, bacteria or similar description. 
 Mold Condition. The growth or existence of Mold, in such
condition, location or quantity as would, individually or in the aggregate, pursuant to applicable Environmental Law or commercially reasonable industry standards, have a material adverse effect on (i) human health or the environment, or
(ii) the value or condition of the Real Estate. 
 Monthly Recurring Charges. For any period, the amount due under
Leases for Unencumbered Asset Pool Properties for recurring rent and services as shown under the heading of “MRR” on the Rent Roll for such Unencumbered Asset Pool Properties, and which shall be calculated in a manner consistent with the
Rent Roll delivered to the Agent in connection with the execution of this Agreement. 
 Moody’s. Moody’s
Investors Service, Inc. 
 Multiemployer Plan. Any multiemployer plan within the meaning of §3(37) of ERISA
maintained or contributed to by the Borrower, any Guarantor or any ERISA Affiliate. 
 Net Cash Proceeds. With respect to
the incurrence by the Borrower, REIT or any of its Subsidiaries of any Unsecured Debt for borrowed money (other than the Obligations), the aggregate amount of cash received for such Unsecured Debt, net of reasonable and customary transaction costs
properly attributable to such transaction and payable by the Borrower, REIT or such Subsidiary, as the case may be, to a non-Affiliate in connection with such issuance or incurrence (provided that legal fees and expenses that are part of such
transaction costs may be estimated in good faith). 
 Net Income (or Loss). With respect to any Person (or any asset of
any Person) for any period, the net income (or loss) of such Person (or attributable to such asset), determined in accordance with GAAP. 
 Net Offering Proceeds. The gross cash proceeds received by Parent Company or any of its Subsidiaries as a result of an Equity Offering less the customary and reasonable costs, expenses,
fees, commissions and discounts paid by Parent Company or such Subsidiary in connection therewith. 
 Net Operating
Income. For any Real Estate and for a given period, an amount equal to the sum of (a) the rents, common area reimbursements, and service and other income for 

  
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such Real Estate for such period received in the ordinary course of business from tenants or licensees paying rent, and termination fees received for such period of not greater than one percent
(1.0%) of the aggregate Monthly Recurring Charges for such period (excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ or licensees’ obligations for rent and any
non-recurring fees, charges or amounts (excluding Set-up Fees) minus (b) all expenses paid or accrued and related to the ownership, operation or maintenance of such Real Estate for such period, including, but not limited to, taxes,
assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for legal, accounting, advertising,
marketing and other expenses incurred in connection with such Real Estate, but specifically excluding general overhead expenses of Parent Company and its Subsidiaries, any property management fees and
non-recurring charges), minus (c) the greater of (i) actual property management expenses of such Real Estate, or (ii) an amount equal to four percent (4.0%) of the gross revenues
from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R, minus (d) all rents, common area reimbursements and other income for such Real Estate received
from tenants or licensees in default of payment obligations under their lease unless such tenants or licensees have made a payment of such amounts in each month due other than amounts contested, in which case only amounts contested and not paid are
excluded, or with respect to leases as to which the tenant or licensee or any guarantor thereunder is subject to any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or similar debtor relief
proceeding. The Borrower’s and the Guarantors’ pro rata share (based upon the greater of such Person’s Equity Percentage in such Unconsolidated Affiliate or such Person’s pro rata liability for the Indebtedness of such
Unconsolidated Affiliate) of the Net Operating Income of Unconsolidated Affiliates of the Borrower and the Guarantors shall be included in determinations of Net Operating Income for the purposes of the calculation of Gross Asset Value.
Notwithstanding anything to the contrary contained herein, Set-up Fees that are amortized over the term of the applicable Lease shall be included in determinations of Net Operating Income. 

Nokia Agreement. Collectively, (a) that certain Frame Agreement for Ongoing Services, dated December 15, 2009, as
amended December 28, 2012, by and between Nokia Corporation, a public limited liability company incorporated under the laws of Finland, and the Borrower, and (b) any and all other agreements, instruments, contracts or work orders related
to or in connection with (a) above and any further amendments, modifications, restatements or extensions of (a) above. 
 Non-Defaulting Lender. At any time, any Lender that is not a Defaulting Lender at such time. 
 Non-Recourse Exclusions. With respect to any Non-Recourse Indebtedness of any Person, any usual and customary exclusions from the non-recourse limitations
governing such Indebtedness, including, without limitation, exclusions for claims that (i) are based on fraud, intentional misrepresentation, misapplication of funds, gross negligence or willful misconduct, (ii) result from intentional
mismanagement of or waste at the Real Property securing such Non-Recourse Indebtedness, (iii) arise from the presence of Hazardous Substances on the Real Property securing such Non-Recourse Indebtedness; (iv) are the result of any unpaid
real 

  
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estate taxes and assessments (whether contained in a loan agreement, promissory note, indemnity agreement or other document), (v) are the result of unpaid amounts that could result in the
creation of a Lien on the Real Property securing the Non-Recourse Indebtedness, (vi) arise from the filing of a petition under the Bankruptcy Code or seeking relief under other laws relating to insolvency or protection from creditors,
(vii) arise from asserting defenses to the Non-Recourse Indebtedness that are without merit or unwarranted, (viii) arise from the forfeiture under any law of the Real Property securing the Non-Recourse Indebtedness, (ix) arise from
the failure of any borrower or guarantor of the Non-Recourse Indebtedness to maintain its status as a single purpose entity, or (x) arises from the failure to obtain any required consent of the lender of the Non-Recourse Indebtedness to any
other debt or voluntary lien encumbering the Real Property securing the Non-Recourse Indebtedness. 
 Non-Recourse
Indebtedness. Indebtedness of the Borrower, the Guarantors, their Subsidiaries or an Unconsolidated Affiliate which is secured by one or more parcels of Real Estate or interests therein or equipment and which is not a general obligation of the
Borrower, such Guarantor, such Subsidiary or Unconsolidated Affiliate, the holder of such Indebtedness having recourse solely to the parcels of Real Estate, or interests therein, securing such Indebtedness, the leases thereon and the rents, profits
and equity thereof or equipment, as applicable (except for recourse against the general credit of the Borrower, the Guarantors or their Subsidiaries or an Unconsolidated Affiliate for any Non-Recourse
Exclusions), provided that in calculating the amount of Non-Recourse Indebtedness at any time, the amount of any Non-Recourse Exclusions which are the subject of a claim shall not be included in the Non-Recourse Indebtedness but shall
constitute recourse Indebtedness. Non-Recourse Indebtedness shall also include Indebtedness of one or more Subsidiaries of Parent Company that is a special purpose entity (each a “SPE Subsidiary”) provided that all of the following
conditions are satisfied to Agent’s reasonable satisfaction: (i) the Indebtedness is recourse solely to such SPE Subsidiary and, if applicable, a separate Subsidiary of Parent Company that guarantees such Indebtedness and whose sole assets
are ownership of the Equity Interests in the SPE Subsidiary that is primarily liable (each a “SPE Guarantor”) (except for guaranties of customary Non-Recourse Exclusions until a claim is made with respect thereto, and then shall be
included only to the extent of the amount of such claim),, (ii) neither the SPE Subsidiary nor the SPE Guarantor are the Borrower, a Guarantor or the owner of any direct or indirect interest in a Guarantor, (iii) such Indebtedness is not
cross-defaulted to other Indebtedness of the Borrower, the Guarantors or their respective Subsidiaries, (iv) such Indebtedness does not constitute Indebtedness of any other Person (other than such the SPE Subsidiary which is the borrower
thereunder or the SPE Guarantor which is the guarantor thereunder) (except for guaranties of customary Non-Recourse Exclusions until a claim is made with respect thereto, and then shall be included only to the extent of the amount of such claim) and
(v) the only collateral for such Indebtedness are the assets owned by the SPE Subsidiaries incurring such Indebtedness. 

Notes. Collectively, the Revolving Credit Notes, the Term Loan Notes and the Swing Loan Note. 

Notice. See §19. 
 Obligations. All indebtedness, obligations and liabilities of the Borrower and the Guarantors to any of the Lenders or the Agent, individually or collectively, under this Agreement

  
 28 

 
or any of the other Loan Documents or in respect of any of the Loans, the Notes, or other instruments at any time evidencing any of the foregoing, whether existing on the date of this Agreement
or arising or incurred hereafter, direct or indirect, joint or several, absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or unsecured, arising by contract, operation of law or otherwise. 

OFAC. Office of Foreign Asset Control of the Department of the Treasury of the United States of America. 

Off-Balance Sheet Obligations. Liabilities and obligations of Parent Company, any of its Subsidiaries or any other Person in
respect of “off-balance sheet arrangements” (as defined in the SEC Off-Balance Sheet Rules) which Parent Company would be required to disclose in the “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” section of Parent Company’s report on Form 10-Q or Form 10-K (or their equivalents) which Parent Company is required to file with the SEC or would be required to file if it were subject to the jurisdiction of the SEC (or any
Governmental Authority substituted therefore). As used in this definition, the term “SEC Off-Balance Sheet Rules” means the Disclosure in Management’s Discussion and Analysis About Off-Balance Sheet Arrangements and Aggregate
Contractual Obligations, Securities Act Release No. 33-8182, 68 Fed. Reg. 5982 (Feb. 5, 2003) (codified at 17 CFR pts. 228, 229 and 249). 
 Outstanding. With respect to the Loans, the aggregate unpaid principal thereof as of any date of determination. 
 Parent Company. The Borrower or, following the occurrence of the IPO Event, REIT. 
 Patriot Act. The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, as the same may be amended from time to time, and
corresponding provisions of future laws. 
 PBGC. The Pension Benefit Guaranty Corporation created by §4002 of ERISA
and any successor entity or entities having similar responsibilities. 
 Permitted Debt. Indebtedness permitted by
§8.1. 
 Permitted Liens. Liens, security interests and other encumbrances permitted by §8.2. 

Permitted Transferee. With respect to Chad L. Williams, (i) any transfer to the spouse of such Person; (ii) any transfer
to a lineal descendant, natural or adopted, of such Person or to the spouse of any such lineal descendant; and (iii) any transfer to the trustee of a trust, to a partnership or to any other entity, for the substantial benefit of such Person
and/or one or more Persons described in clauses (i) or (ii) above, in each case done for bona fide estate planning purposes. 

  
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 Person. Any individual, corporation, limited liability company, partnership, trust,
unincorporated association, business, or other legal entity, and any government or any governmental agency or political subdivision thereof. 
 Plan Assets. Assets of any employee benefit plan subject to Part 4, Subtitle B, Title I of ERISA. 
 Potential Unencumbered Asset Pool Property. Any property of the Borrower or any Subsidiary Guarantor which is not at the time included in the Unencumbered Asset Pool and which consists of
(i) Eligible Real Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Agent and compliance with the requirements set forth in §7.18. 

Preferred Distributions. For any period and without duplication, all Distributions paid, declared but not yet paid or otherwise
due and payable during such period on Preferred Securities issued by Parent Company or any of its Subsidiaries. Preferred Distributions shall not include dividends or distributions paid or payable solely in Equity Interests of identical class
payable to holders of such class of Equity Interests. 
 Preferred Securities. With respect to any Person, Equity
Interests in such Person, which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation, or both. 

Pricing Level. Such term shall have the meaning established within the definition of Applicable Margin. 

QIPM. Quality Investment Properties Metro, LLC, a Delaware limited liability company. 

QIPS. Quality Investment Properties, Suwanee, LLC, a Delaware limited liability company. 

QT Group. Quality Technology Group, LLC, a Kansas limited liability company. 

QTLP. QualityTech, LP, a Delaware limited partnership. 
 QTLP Subordinate Debt. All amounts loaned to the Borrower and which are subject to QTLP Subordination and Standstill Agreement. 

QTLP Subordinate Note. The promissory note dated October 23, 2009 payable by the Borrower to the order of Chad L. Williams
and QT Group in the outstanding principal amount of $27,771,608.58 as of April 30, 2013, which evidences QTLP Subordinate Debt. 
 QTLP Subordination and Standstill Agreement. The Second Amended and Restated Subordination and Standstill Agreement of even date herewith, by and between the Borrower, Agent, Chad L. Williams, and
QT Group, which relates to QTLP Subordinate Debt, as the same may be modified or amended. 

  
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 QTS Holding. Quality Technology Services Holding, LLC, a Delaware limited liability
company. 
 QTS Metro TRS. Quality Technology Services Metro II, LLC, a Delaware limited liability company. 

QTS Suwanee TRS. Quality Technology Services, Suwanee II, LLC, a Delaware limited liability company. 

Real Estate. All real property at any time owned or leased (as lessee or sublessee) by Parent Company or any of its Subsidiaries.

 Record. The grid attached to any Note, or the continuation of such grid, or any other similar record, including
computer records, maintained by the Agent with respect to any Loan referred to in such Note. 
 Recourse Indebtedness. As
of any date of determination, any Indebtedness (whether secured or unsecured) which is recourse to Parent Company or any of its Subsidiaries. Recourse Indebtedness shall not include Non-Recourse Indebtedness. 

Register. See §18.2. 
 REIT. The real estate investment trust or corporation that will be the general partner of the Borrower (or the 100% parent of such general partner) after the IPO Event. 

REIT Status. With respect to a Person, its status as a real estate investment trust as defined in §856(a) of the Code.

 Related Parties. Chad Williams’ parents, spouse, siblings or any of his or their direct or indirect lineal
descendants (including by adoption) and trust, partnership, limited liability company, corporation or other legal entity established for estate planning purposes for the benefit of any of the foregoing. 

Release. See §6.20(c)(iii). 
 Rent Roll. A report prepared by the Borrower showing for each of the Unencumbered Asset Pool Properties, its occupancy, lease expiration dates, lease rent and other information in substantially the
form presented to Agent prior to the date hereof or in such other form as may be reasonably acceptable to the Agent. 

Required Lenders. As of any date, the Lender or Lenders whose aggregate Commitment Percentage is equal to or greater than
fifty-one percent (51.0%) of the Total Commitment; provided that in determining said percentage at any given time, all then existing Defaulting Lenders will be disregarded and excluded and the Commitment Percentages of the Lenders shall be
redetermined for voting purposes only to exclude the Commitment Percentages of such Defaulting Lenders. 

  
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 Required Permits. Each building permit, certificate of occupancy (or equivalent),
environmental permit, air emission or air quality permit, utility permit, land use permit, wetland permit and any other permits, approvals or licenses issued by any Governmental Authority which are required in connection the construction or
operation of any of the Unencumbered Asset Pool Properties. 
 Reserve Percentage. For any Interest Period, that
percentage which is specified three (3) Business Days before the first day of such Interest Period by the Board of Governors of the Federal Reserve System (or any successor) or any other governmental or quasi-governmental authority with
jurisdiction over Agent or any Lender for determining the maximum reserve requirement (including, but not limited to, any marginal reserve requirement) for Agent or any Lender with respect to liabilities constituting of or including (among other
liabilities) Eurocurrency liabilities in an amount equal to that portion of the Loan affected by such Interest Period and with a maturity equal to such Interest Period. 
 Revolving Credit Base Rate Loans. Revolving Credit Loans bearing interest calculated by reference to the Base Rate. 
 Revolving Credit Commitment. With respect to each Revolving Credit Lender, the amount set forth on Schedule 1.1 hereto as the amount of such Revolving Credit Lender’s Revolving
Credit Commitment to make or maintain Revolving Credit Loans (other than Swing Loans) to the Borrower, to participate in Letters of Credit for the account of the Borrower and to participate in Swing Loans to the Borrower, as the same may be changed
from time to time in accordance with the terms of this Agreement. 
 Revolving Credit Commitment Percentage. With respect
to each Revolving Credit Lender, the percentage set forth on Schedule 1.1 hereto as such Revolving Credit Lender’s percentage of the Total Revolving Credit Commitment, as the same may be changed from time to time in accordance with
the terms of this Agreement; provided that if the Revolving Credit Commitments of the Revolving Credit Lenders have been terminated as provided in this Agreement, then the Revolving Credit Commitment of each Revolving Credit Lender shall be
determined based on the Revolving Credit Commitment Percentage of such Revolving Credit Lender immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof. 

Revolving Credit Lenders. Collectively, the Lenders which have a Revolving Credit Commitment, the initial Revolving Credit Lenders
being identified on Schedule 1.1 hereto. 
 Revolving Credit LIBOR Rate Loans. Revolving Credit Loans bearing
interest calculated by reference to LIBOR. 
 Revolving Credit Loan or Loans. An individual Revolving Credit Loan or the
aggregate Revolving Credit Loans, as the case may be, in the maximum principal amount of $350,000,000.00 (subject to increase as provided in §2.11) to be made by the Revolving Credit Lenders hereunder as more particularly described in §2.

  
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 Revolving Credit Maturity Date. May 1, 2017, as such date may be extended as
provided in §2.15, or such earlier date on which the Revolving Credit Loans shall become due and payable pursuant to the terms hereof. 
 Revolving Credit Notes. See §2.1(b). 
 Santa Clara Ground
Lease. The Ground Lease dated October 2, 1997 between Mission-West Valley Land Corporation, as lessor, and Nexus Properties, Inc., Kinetic Systems, Inc., Digital Square, Inc., R. Darrell Gary, Michael J. Reidy, Michael J. Reidy as Trustee
of the Ronald Bonaguidi Irrevocable Trust, as lessee, as described in that certain Memorandum of Ground Lease filed for record in the Office of the Records of the County of Santa Clara on May 15, 1998 as Instrument No. 14187699, as amended
by that certain Assignment of Lease, effective as of October 10, 1997, wherein Digital Square, Inc. assigned its interest to Nexus Properties, Inc., as described in that certain Assignment of Lease filed for record in the Office of the Records
of the County of Santa Clara on May 15, 1998, under Instrument No. 14187705, as amended by that certain First Amendment to Ground Lease dated April 29, 1998, as described in that certain Memorandum of First Amendment to Ground Lease
filed for record in the Office of the Records of the County of Santa Clara on May 15, 1998, under Instrument No. 1418770, as amended by that certain Assignment and Assumption of Ground Lease dated October 31, 2007 wherein lessee
assigned its interest to Quality Investment Properties Santa Clara, LLC, a Delaware limited liability company, as amended by that certain Second Amendment to Ground Lease dated September 24, 2009, and as amended by that certain Third Amendment
to Ground Lease dated November 17, 2011, and as the same may hereafter be amended, restated or modified from time to time, which ground lease is subject to that certain Master Ground Lease – Parcel 12 dated October 2, 1997 between
West Valley-Mission Community College District, a California community college district, as master lessor, and Mission-West Valley Land Corporation, a California non-profit public benefit corporation, as master lessee, as described in that certain
Memorandum of Master Ground Lease filed for record in the Office of the Records of the County of Santa Clara on May 15, 1998 as Instrument No. 14187697, as amended by that certain First Amendment to Master Ground Lease dated April 29,
1998, as described in that certain Memorandum of First Amendment to Master Ground Lease filed for record in the Office of the Records of the County of Santa Clara on May 15, 1998 as Instrument No. 14187698, and as the same may hereafter be
amended, restated or modified from time to time. 
 SEC. The federal Securities and Exchange Commission. 

Secured Debt. With respect to Parent Company or any of its Subsidiaries as of any given date, the aggregate principal amount of
all Indebtedness of such Persons on a Consolidated basis outstanding at such date and that is secured in any manner by any Lien. 
 Set-up Fees. Amounts paid by a tenant or licensee under the Leases for installation and other set-up activities performed by the Borrower, a Subsidiary Guarantor or an Additional Subsidiary
Guarantor. 
 S&P. Standard & Poor’s Ratings Services, a Standard & Poor’s Financial
Services limited liability company business. 

  
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 Stabilized Property. A completed project on which all improvements related to the
development of such Real Estate have been substantially completed (excluding tenant/licensee improvements) for eighteen (18) months, or which has a capitalized value determined in accordance with GAAP that exceeds its book value determined in
accordance with GAAP, shall constitute a Stabilized Property. Additionally, the Borrower may elect to designate a project as a Stabilized Property as provided for in the definition of Development Property. Once a project becomes a Stabilized
Property under this Agreement, it shall remain a Stabilized Property. 
 State. A state of the United States of America
and the District of Columbia. 
 Sublessor. See §6.32(a). 

Subordination and Standstill Agreements. Collectively, the Bond Subordination and Standstill Agreement and the QTLP Subordination
and Standstill Agreement. 
 Subsidiary. For any Person, any corporation, partnership, limited liability company or other
entity of which at least a majority of the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other persons performing similar functions of such corporation,
partnership, limited liability company or other entity (without regard to the occurrence of any contingency) is at the time directly or indirectly owned or controlled by such Person or one or more Subsidiaries of such Person or by such Person and
one or more Subsidiaries of such Person, and shall include all Persons the accounts of which are consolidated with those of such Person pursuant to GAAP. 
 Subsidiary Guarantors. The Persons that are a party to the Guaranty (other than REIT) from time to time, including any and all Additional Subsidiary Guarantors. 

Suwanee Property. All that certain property located at 300 Satellite Boulevard NW, Suwanee, Georgia 30024. 

Swing Loan. See §2.5(a). 
 Swing Loan Lender. KeyBank, in its capacity as Swing Loan Lender and any successor thereof. 
 Swing Loan Commitment. The sum of Thirty Million and No/100 Dollars ($30,000,000.00), as the same may be changed from time to time in accordance with the terms of this Agreement. 

Swing Loan Note. See §2.5(b). 
 Tax Driven Lease Transaction. (i) the DAFC Transaction and (ii) any transaction pursuant to which the Borrower or a Subsidiary Guarantor conveys record title to a real property asset to a
governmental entity and then leases such asset back from the governmental entity for the purposes of effecting a reduction in real property taxes where (a) the Borrower or the conveying Subsidiary Guarantor can repurchase the conveyed asset at
any time (subject to any customary lock-out provisions) for nominal consideration, (b) no Indebtedness is incurred by the 

  
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Borrower or such Subsidiary Guarantor under GAAP; provided, that, if the structure of any such transaction requires the issuance of bonds by the applicable governmental entity, such bonds are
purchased by the Borrower or the Subsidiary Guarantor as consideration for the applicable real property transfer and the amounts receivable by the Borrower or a Subsidiary Guarantor on such bonds equals the rent payable under the applicable lease,
(c) no net payments are required to be made to any third party as a result of such transaction and the corresponding Tax Driven Lease Transaction Documents (other than the reduced real property taxes and customary closing costs and fees), and
(d) such transaction, however structured, is consummated on terms substantially similar to the DAFC Transactions. 
 Tax
Driven Lease Transaction Documents. (i) the Metro Indenture and Metro Ground Lease and (ii) with respect to any Tax Driven Lease Transaction other than the DAFC Transaction, leases, indentures and such other documents that are
customarily required for a transaction of that type and that satisfy the requirements of the definition of Tax Driven Lease Transaction. 
 Term Base Rate Loans. The Term Loans bearing interest by reference to the Base Rate. 
 Term LIBOR Rate Loans. The Term Loans bearing interest by reference to LIBOR. 
 Term Loan or Term Loans. An individual Term Loan or the aggregate Term Loans, as the case may be, in the maximum principal amount of $225,000,000.00 (subject to increase as provided in §2.11)
made by the Term Loan Lenders hereunder. 
 Term Loan Commitment. As to each Term Loan Lender, the amount equal to such
Term Loan Lender’s Term Loan Commitment Percentage of the aggregate principal amount of the Term Loans from time to time Outstanding to the Borrower. 
 Term Loan Commitment Percentage. With respect to each Term Loan Lender, the percentage set forth on Schedule 1.1 hereto as such Term Loan Lender’s percentage of the aggregate Term Loan to the
Borrower, as the same may be changed from time to time in accordance with the terms of this Agreement. 
 Term Loan
Lenders. Collectively, the Lenders which have a Term Loan Commitment, the initial Term Loan Lenders being identified on Schedule 1.1 hereto. 
 Term Loan Maturity Date. May 1, 2018, or such earlier date on which the Term Loans shall become due and payable pursuant to the terms hereof. 

Term Loan Note. A promissory note made by the Borrower in favor of a Term Loan Lender in the principal face amount equal to such
Term Loan Lender’s Term Loan Commitment, in substantially the form of Exhibit A-3 hereto. 
 Titled Agents.
The Arranger, and any syndication agent or documentation agent. 

  
 35 

 Total Commitment. The sum of the Commitments of the Lenders, as in effect from time
to time. As of the date of this Agreement, the Total Commitment is Five Hundred Seventy Million and No/100 Dollars ($575,000,000.00). The Total Commitment may increase in accordance with §2.11. 

Total Revolving Credit Commitment. The sum of the Revolving Credit Commitments of the Revolving Credit Lenders, as in effect from
time to time. As of the date of this Agreement, the Total Revolving Credit Commitment is Three Hundred Fifty Million and No/100 Dollars ($350,000,000.00). The Total Revolving Credit Commitment may increase in accordance with §2.11. 

Total Term Loan Commitment. The sum of the Term Loan Commitments of the Term Loan Lenders, as in effect from time to time. As of
the date of this Agreement, the Total Term Loan Commitment is Two Hundred Twenty-Five Million and No/100 Dollars ($225,000,000.00). The Total Term Loan Commitment may increase in accordance with §2.11. 

Transfer. Any sale, conveyance, assignment, alienation, mortgage, hypothecation, encumbrance, grant or a lien over or a security
interest in, pledge or other transfer. 
 Type. As to any Loan, its nature as a Base Rate Loan or a LIBOR Rate Loan.

 Unconsolidated Affiliate. In respect of any Person, any other Person in whom such Person holds an Investment,
(a) which Investment is accounted for in the financial statements of such Person on an equity basis of accounting and whose financial results would not be consolidated under GAAP with the financial results of such first Person on the
consolidated financial statements of such first Person, or (b) which is not a Subsidiary of such first Person. 

Unencumbered Asset Pool. All of the Unencumbered Asset Pool Properties. 

Unencumbered Asset Pool Availability. The Unencumbered Asset Pool Availability shall be the amount which is the lowest of
(a) the maximum principal amount of Loans and Letter of Credit Liabilities, which when added to all Unsecured Debt other than the Loans and Letter of Credit Liabilities, would not cause the Consolidated Total Unsecured Debt plus the outstanding
principal balance of the Equipment Loan to be greater than fifty-five percent (55.0%) of the Unencumbered Asset Pool Capitalized Value, (b) the maximum principal amount of Loans and Letter of Credit Liabilities, which when added to all
Unsecured Debt other than the Loans and Letter of Credit Liabilities, would not cause the Unencumbered Asset Pool Debt Service Ratio to be less than 1.75 to 1.00, and (c) the maximum principal amount of Loans and Letter of Credit Liabilities,
which when added to all Unsecured Debt other than the Loans and Letter of Credit Liabilities, would not cause the Unencumbered Asset Pool Debt Yield to be less than fifteen percent (15.0%). 

Unencumbered Asset Pool Capitalized Value. The aggregate sum of the Adjusted Net Operating Income for any Unencumbered Asset Pool
Properties divided by the Capitalization Rate. For the purposes of calculating Unencumbered Asset Pool Capitalized Value, when calculating Adjusted Net Operating Income for Unencumbered Asset Pool Properties not owned and operated by the Borrower or
a Guarantor for two (2) full fiscal 

  
 36 

 
quarters, the Adjusted Net Operating Income attributable to such Unencumbered Asset Pool Properties shall be calculated by using the actual historical results for such Unencumbered Asset Pool
Properties for the two (2) full fiscal quarters most recently ended as if the Unencumbered Asset Pool Properties had been owned by the Borrower or a Guarantor during such period; provided, however, to the extent actual historical Adjusted Net
Operating Income attributable to such Unencumbered Asset Pool Properties is unavailable, the Borrower may include such calculation of Adjusted Net Operating Income attributable to such Unencumbered Asset Pool Properties calculated on a proforma
basis, so long as the Agent shall have given its prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Additionally, for Unencumbered Asset Pool Properties that have been disposed of during the period of
two fiscal quarters most recently ended, the Adjusted Net Operating Income attributable to such Unencumbered Asset Pool Properties shall be excluded from the calculation of Adjusted Net Operating Income. 

Unencumbered Asset Pool Debt Service Coverage Ratio. The ratio of Adjusted Net Operating Income from the Unencumbered Asset Pool
determined as of the end of the fiscal quarter most recently ended, divided by the Implied Debt Service. For the purposes of calculating Unencumbered Asset Pool Debt Service Coverage Ratio, when calculating Adjusted Net Operating Income for the
Unencumbered Asset Pool Properties not owned and operated by the Borrower or a Subsidiary Guarantor for two (2) full fiscal quarters, the Adjusted Net Operating Income attributable to such Unencumbered Asset Pool Properties shall be calculated
by using the actual historical results for such Unencumbered Asset Pool Properties for the two (2) full fiscal quarters most recently ended as if the Unencumbered Asset Pool Properties had been owned by the Borrower or a Guarantor during such
period; provided, however, to the extent actual historical Adjusted Net Operating Income attributable to such Unencumbered Asset Pool Properties is unavailable, the Borrower may include such calculation of Adjusted Net Operating Income attributable
to such Unencumbered Asset Pool Properties calculated on a proforma basis, so long as the Agent shall have given its prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Additionally, for Unencumbered
Asset Pool Properties that have been disposed of during the period of two fiscal quarters most recently ended, the Adjusted Net Operating Income attributable to such Unencumbered Asset Pool Properties shall be excluded from the calculation of
Adjusted Net Operating Income. 
 Unencumbered Asset Pool Debt Yield. The quotient of (a) Adjusted Net Operating
Income of the Unencumbered Asset Pool divided by (b) the sum of (i) Consolidated Total Unsecured Debt plus (ii) the outstanding principal balance of the Equipment Loan, expressed as a percentage. For the purposes of calculating
Unencumbered Asset Pool Debt Yield, when calculating Adjusted Net Operating Income for Unencumbered Asset Pool Properties not owned and operated by the Borrower or a Guarantor for two (2) full fiscal quarters, the Adjusted Net Operating Income
attributable to such Unencumbered Asset Pool Properties shall be calculated by using the actual historical results for such Unencumbered Asset Pool Properties (x) for the two (2) full fiscal quarters most recently ended as if the
Unencumbered Asset Pool Properties had been owned by the Borrower or a Guarantor during such period; provided, however, to the extent actual historical Adjusted Net Operating Income attributable to such Unencumbered Asset Pool Properties is
unavailable, the Borrower may include such calculation of Adjusted Net Operating Income attributable to such Unencumbered Asset Pool Properties calculated on a proforma basis, so long as the Agent shall have given its

  
 37 

 
prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Additionally, for Unencumbered Asset Pool Properties that have been disposed of during the period
of two fiscal quarters most recently ended, the Adjusted Net Operating Income attributable to such Unencumbered Asset Pool Properties shall be excluded from the calculation of Adjusted Net Operating Income. 

Unencumbered Asset Pool Property. Eligible Real Estate which satisfies all the conditions set forth in §7.18(a) or which have
been included in the calculation of the Unencumbered Asset Pool Availability pursuant to §7.18(b). The Initial Unencumbered Asset Pool Properties are described on Schedule 1.6 hereto. 

Unhedged Variable Rate Debt. Any Indebtedness with respect to which the interest rate is not fixed or capped (or hedged to a fixed
or capped rate) for the entire term of such Indebtedness to maturity; provided, however, that for the period from the Closing Date through December 31, 2013, the existing interest rate swap Derivatives Contracts of the Borrower and its
Subsidiary Guarantors for a notional amount of $150,000,000 expiring on September 28, 2014 shall qualify as an effective fixed rate hedge of $150,000,000 of the Loans notwithstanding that the term of the Derivatives Contracts is not for the
entire term of the Loans. 
 Unrestricted Cash and Cash Equivalents. As of any date of determination, the sum of
(a) the aggregate amount of Unrestricted cash and (b) the aggregate amount of Unrestricted Cash Equivalents (valued at fair market value). As used in this definition, “Unrestricted” means the specified asset is not subject to any
escrow, cash trap, reserves or Liens or claims of any kind in favor of any Person. 
 Unsecured Debt. Indebtedness of
Parent Company and its Subsidiaries outstanding at any time which is not Secured Debt. 
 Wholly Owned Subsidiary. As to
a Person, any Subsidiary of Parent Company that is directly or indirectly owned 100% by such Person. Subject to the compliance by Borrower and the Subsidiary Guarantors with §8.18 of this Agreement, the Agent and the Lenders agree that, for so
long as any real property asset of Borrower or any Subsidiary Guarantor is subject to a Tax Driven Lease Transaction, such property shall be treated as though it is owned by a Wholly Owned Subsidiary for all purposes under this Agreement.
Furthermore, for so long as net cash received (whether in the form of interest on bonds or otherwise) in connection with any Tax Driven Lease Transaction equals the net cash paid (whether in the form of rent or otherwise) under the applicable Tax
Driven Lease Transaction Documents, such amounts shall be disregarded for purposes of calculating the financial covenants in §9. 
 §1.2 Rules of Interpretation. 
 (a) A reference to any
document or agreement shall include such document or agreement as amended, modified or supplemented from time to time in accordance with its terms and the terms of this Agreement. 

(b) The singular includes the plural and the plural includes the singular. 

  
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 (c) A reference to any law includes any amendment or modification of such
law. 
 (d) A reference to any Person includes its permitted successors and permitted assigns. 

(e) Accounting terms not otherwise defined herein have the meanings assigned to them by GAAP applied on a consistent basis
by the accounting entity to which they refer. 
 (f) The words “include”, “includes” and
“including” are not limiting. 
 (g) The words “approval” and “approved”, as the
context requires, means an approval in writing given to the party seeking approval after full and fair disclosure to the party giving approval of all material facts necessary in order to determine whether approval should be granted. 

(h) All terms not specifically defined herein or by GAAP, which terms are defined in the Uniform Commercial Code as in
effect in the State of Georgia, have the meanings assigned to them therein. 
 (i) Reference to a particular
“§”, refers to that section of this Agreement unless otherwise indicated. 
 (j) The words
“herein”, “hereof”, “hereunder” and words of like import shall refer to this Agreement as a whole and not to any particular section or subdivision of this Agreement. 

(k) In the event of any change in generally accepted accounting principles after the date hereof or any other change in
accounting procedures pursuant to §7.3 which would affect the computation of any financial covenant, ratio or other requirement set forth in any Loan Document, then upon the request of the Borrower, Guarantors or Agent, the Borrower, the
Guarantors, the Agent and the Lenders shall negotiate promptly, diligently and in good faith in order to amend the provisions of the Loan Documents such that such financial covenant, ratio or other requirement shall continue to provide substantially
the same financial tests or restrictions of the Borrower and the Guarantors as in effect prior to such accounting change, as determined by the Required Lenders in their good faith judgment. Until such time as such amendment shall have been executed
and delivered by the Borrower, the Guarantors, the Agent and the Required Lenders, such financial covenants, ratio and other requirements, and all financial statements and other documents required to be delivered under the Loan Documents, shall be
calculated and reported as if such change had not occurred. 
 (l) Notwithstanding any other provision contained
herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Accounting Standards Codification
825-10-25 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of Parent Company or any of its Subsidiaries at “fair value”,

  
 39 

 
as defined therein, (ii) without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other
Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the
full stated principal amount thereof and (iii) in a manner such that any obligations relating to a lease that was accounted for by a Person as an operating lease as of the Closing Date and any similar lease entered into after the date of this
Agreement by such Person shall be accounted for as obligations relating to an operating lease under GAAP as in effect on the Closing Date. 
  

	§2.	THE CREDIT FACILITY. 

 §2.1
Revolving Credit Loans. 
 (a) Subject to the terms and conditions set forth in this Agreement, each of
the Revolving Credit Lenders severally agrees to lend to the Borrower, and the Borrower may borrow (and repay and reborrow) from time to time between the Closing Date and the Revolving Credit Maturity Date upon notice by the Borrower to the Agent
given in accordance with §2.7, such sums as are requested by the Borrower for the purposes set forth in §2.9 up to a maximum aggregate principal amount outstanding (after giving effect to all amounts requested) at any one time equal to the
lesser of (i) such Revolving Credit Lender’s Revolving Credit Commitment and (ii) such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the Unencumbered Asset Pool Availability; and provided, further that, in
all events no Default or Event of Default shall have occurred and be continuing; and provided, further, that the outstanding principal amount of the Revolving Credit Loans (after giving effect to all amounts requested), Swing Loans and Letter of
Credit Liabilities shall not at any time exceed the Total Revolving Credit Commitment and the outstanding principal amount of the Revolving Credit Loans (after giving effect to all amounts requested), Term Loans, Swing Loans and Letter of Credit
Liabilities shall not at any time exceed the Total Commitment or cause a violation of the covenants set forth in §9.1. The Revolving Credit Loans shall be made pro rata in accordance with each Revolving Credit Lender’s Revolving Credit
Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that all of the conditions required of the Borrower set forth in §10 and §11 have been satisfied on
the date of such request. The Agent may assume that the conditions in §10 and §11 have been satisfied unless it receives prior written notice from a Revolving Credit Lender that such conditions have not been satisfied. No Revolving Credit
Lender shall have any obligation to make Revolving Credit Loans to the Borrower in the maximum aggregate principal outstanding balance of more than the principal face amount of its Revolving Credit Note. 

(b) The Revolving Credit Loans shall be evidenced by separate promissory notes of the Borrower in substantially the form
of Exhibit A-1 hereto (collectively, the “Revolving Credit Notes”), dated of even date with this Agreement (except as otherwise provided in §2.11 or §18.3) and completed with appropriate insertions. One Revolving
Credit Note shall be payable to the order of each Revolving Credit Lender in the principal amount equal to such Revolving Credit Lender’s Revolving Credit Commitment. The Borrower irrevocably authorizes Agent to make or cause to be made, at or
about the time of the 

  
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Drawdown Date of any Revolving Credit Loan or the time of receipt of any payment of principal thereof, an appropriate notation on Agent’s Record reflecting the making of such Revolving
Credit Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on Agent’s Record shall be prima facie evidence of the principal amount thereof owing and unpaid to
each Revolving Credit Lender, but the failure to record, or any error in so recording, any such amount on Agent’s Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Revolving Credit Note to make
payments of principal of or interest on any Revolving Credit Note when due. There shall not be deemed to have occurred, and there has not otherwise occurred, any payment, satisfaction or novation of the indebtedness evidenced by the “Revolving
Credit Notes”, as defined in the First Amended and Restated Credit Agreement, which indebtedness is instead allocated among the Revolving Credit Lenders as of the date hereof, as applicable, in accordance with their respective Revolving Credit
Commitment Percentages. On the Closing Date, the Revolving Credit Lenders shall make adjustments among themselves so that the outstanding Revolving Credit Loans are consistent with their Revolving Credit Commitment Percentages. 

§2.2 Commitment to Lend Term Loan. Subject to the terms and conditions set forth in this Agreement, each of the Term Loan
Lenders severally agrees to lend to the Borrower on the Closing Date such Term Loan Lender’s Term Loan Commitment. The Term Loans shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A-3 hereto, dated of even date with this Agreement (except as otherwise provided in §2.11 or §18.3) and completed with appropriate insertions. One Term Loan Note shall be payable to the
order of each Term Loan Lender in the principal amount equal to such Term Loan Lender’s Term Loan Commitment. There shall not be deemed to have occurred, and there has not otherwise occurred, any payment, satisfaction or novation of the
indebtedness evidenced by the “Term Loan Notes”, as defined in the First Amended and Restated Credit Agreement, which indebtedness is instead allocated among the Term Loan Lenders as of the date hereof, as applicable, in accordance with
their respective Term Loan Commitment Percentages. On the Closing Date, the Term Loan Lenders shall make adjustments among themselves so that the Outstanding Term Loans are consistent with their Term Loan Commitment Percentages. 

§2.3 Facility Unused Fee. The Borrower agrees to pay to the Agent for the account of the Revolving Credit Lenders (other than
a Defaulting Lender for such period of time as such Lender is a Defaulting Lender) in accordance with their respective Revolving Credit Commitment Percentages a facility unused fee calculated at the rate per annum as set forth below on the average
daily amount by which the Total Revolving Credit Commitment exceeds the outstanding principal amount of Revolving Credit Loans, Letter of Credit Liabilities and Swing Loans, during each calendar quarter or portion thereof commencing on the date
hereof and ending on the Revolving Credit Maturity Date. The facility unused fee shall be calculated for each day based on the ratio (expressed as a percentage) of (a) the average daily amount of the outstanding principal amount of the
Revolving Credit Loans (other than Revolving Credit Loans made by a Defaulting Lender), Letter of Credit Liabilities and Swing Loans during such quarter to (b) the Total Revolving Credit Commitment (other than Revolving Credit Commitments made
by a Defaulting Lender), and if such ratio is less than fifty percent (50%), the facility unused fee shall be payable at the rate of 0.25%, and if such ratio is equal to or greater than fifty percent (50%), the facility unused fee shall be payable
at the rate of 0.15%. 

  
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The facility unused fee shall be payable quarterly in arrears on the first (1st) day of each calendar quarter for the immediately preceding calendar quarter or portion thereof, and on any
earlier date on which the Revolving Credit Commitments shall be reduced or shall terminate as provided in §2.4, with a final payment on the Revolving Credit Maturity Date. 

§2.4 Reduction and Termination of the Revolving Credit Commitments. The Borrower shall have the right at any time and from
time to time upon five (5) Business Days’ prior written notice to the Agent to reduce by $5,000,000 or an integral multiple of $1,000,000 in excess thereof (provided that in no event shall the Total Revolving Credit Commitment be
reduced in such manner to an amount less than $50,000,000.00) or to terminate entirely the Revolving Credit Commitments, whereupon the Revolving Credit Commitments of the Revolving Credit Lenders shall be reduced pro rata in accordance with their
respective Revolving Credit Commitment Percentages of the amount specified in such notice or, as the case may be, terminated, any such termination or reduction to be without penalty except as otherwise set forth in §4.8; provided,
however, that no such termination or reduction shall be permitted if, after giving effect thereto, the sum of Outstanding Revolving Credit Loans, Outstanding Swing Loans and the Letter of Credit Liabilities would exceed the Revolving Credit
Commitments of the Revolving Credit Lenders as so terminated or reduced. Promptly after receiving any notice from the Borrower delivered pursuant to this §2.4, the Agent will notify the Revolving Credit Lenders of the substance thereof. Any
reduction of the Revolving Credit Commitments shall also result in a proportionate reduction (rounded to the next lowest integral multiple of $100,000) in the maximum amount of Swing Loans and Letters of Credit. Upon the effective date of any such
reduction or termination, the Borrower shall pay to the Agent for the respective accounts of the Revolving Credit Lenders the full amount of any facility fee under §2.3 then accrued on the amount of the reduction. No reduction or termination of
the Revolving Credit Commitments may be reinstated. 
 §2.5 Swing Loan Commitment. 

(a) Subject to the terms and conditions set forth in this Agreement, Swing Loan Lender agrees to lend to the Borrower (the
“Swing Loans”), and the Borrower may borrow (and repay and reborrow) from time to time between the Closing Date and the date which is five (5) Business Days prior to the Revolving Credit Maturity Date upon notice by the Borrower to
the Swing Loan Lender given in accordance with this §2.5, such sums as are requested by the Borrower for the purposes set forth in §2.9 in an aggregate principal amount at any one time outstanding not exceeding the Swing Loan Commitment;
provided that in all events (i) no Default or Event of Default shall have occurred and be continuing; (ii) the outstanding principal amount of the Revolving Credit Loans and Swing Loans (after giving effect to all amounts requested)
plus Letter of Credit Liabilities shall not at any time exceed the Total Revolving Credit Commitment; and (iii) the outstanding principal amount of the Revolving Credit Loans, Term Loans and Swing Loans (after giving effect to all
amounts requested) plus Letter of Credit Liabilities, shall not at any time exceed the lesser of (A) the Total Commitment, or (B) the Unencumbered Asset Pool Availability. Swing Loans shall constitute “Revolving Credit
Loans” for all purposes hereunder. Notwithstanding anything to the contrary contained in this §2.5, the Swing Loan Lender shall not be obligated to make any Swing Loan at a time when any other Revolving Credit Lender is a Defaulting
Lender, unless the Swing Loan Lender is satisfied that the participation therein will otherwise be fully 

  
 42 

 
allocated to the Revolving Credit Lenders that are Non-Defaulting Lenders consistent with §2.14(c) and the Defaulting Lender shall not participate therein, except to the extent the Swing
Loan Lender has entered into arrangements with the Borrower or such Defaulting Lender that are satisfactory to the Swing Loan Lender in its good faith determination to eliminate the Swing Loan Lender’s Fronting Exposure with respect to any such
Defaulting Lender, including the delivery of cash collateral. The funding of a Swing Loan hereunder shall constitute a representation and warranty by the Borrower that all of the conditions set forth in §10 and §11 have been satisfied on
the date of such funding. The Swing Loan Lender may assume that the conditions in §10 and §11 have been satisfied unless Swing Loan Lender has received written notice from a Revolving Credit Lender that such conditions have not been
satisfied. Each Swing Loan shall be due and payable within five (5) Business Days of the date such Swing Loan was provided and the Borrower hereby agrees (to the extent not repaid as contemplated by §2.5(d) below) to repay each Swing Loan
on or before the date that is five (5) Business Days from the date such Swing Loan was provided. 
 (b) The
Swing Loans shall be evidenced by a separate promissory note of the Borrower in substantially the form of Exhibit A-2 hereto (the “Swing Loan Note”), dated the date of this Agreement and completed with appropriate insertions (except
as provided in §2.11). The Swing Loan Note shall be payable to the order of the Swing Loan Lender in the principal face amount equal to the Swing Loan Commitment and shall be payable as set forth below. The Borrower irrevocably authorizes the
Swing Loan Lender to make or cause to be made, at or about the time of the Drawdown Date of any Swing Loan or at the time of receipt of any payment of principal thereof, an appropriate notation on the Swing Loan Lender’s Record reflecting the
making of such Swing Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Swing Loans set forth on the Swing Loan Lender’s Record shall be prima facie evidence of the principal amount thereof owing and unpaid
to the Swing Loan Lender, but the failure to record, or any error in so recording, any such amount on the Swing Loan Lender’s Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under the Swing Loan Note to
make payments of principal of or interest on any Swing Loan Note when due. 
 (c) The Borrower shall request a
Swing Loan by delivering to the Swing Loan Lender a Loan Request executed by an Authorized Officer no later than 11:00 a.m. (Cleveland time) on the requested Drawdown Date specifying the amount of the requested Swing Loan (which shall be in the
minimum amount of $1,000,000.00) and providing the wire instructions for the delivery of the Swing Loan proceeds. The Loan Request shall also contain the statements and certifications required by §2.7(i) and (ii). Each such Loan Request shall
be irrevocable and binding on the Borrower and shall obligate the Borrower to accept such Swing Loan on the Drawdown Date. Notwithstanding anything herein to the contrary, a Swing Loan shall be a Base Rate Loan and shall bear interest at the greater
of (i) the Federal Funds Effective Rate, or (ii) the Base Rate plus, in each case, the Applicable Margin for Base Rate Loans. The proceeds of the Swing Loan will be disbursed by wire by the Swing Loan Lender to the Borrower no later than
1:00 p.m. (Cleveland time). 
 (d) The Swing Loan Lender shall, within two (2) Business Days after the
Drawdown Date with respect to such Swing Loan, request each Revolving Credit Lender, including the Swing Loan Lender, to make a Revolving Credit Loan pursuant to §2.1 in an 

  
 43 

 
amount equal to such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the amount of the Swing Loan outstanding on the date such notice is given. In the event that the
Borrower does not notify the Agent in writing otherwise on or before noon (Cleveland Time) of the second (2nd) Business Day after the Drawdown Date with respect to such Swing Loan, Agent shall notify the Revolving Credit Lenders that such
Revolving Credit Loan shall be a Revolving Credit LIBOR Rate Loan with an Interest Period of one (1) month, provided that the making of such Revolving Credit LIBOR Rate Loan will not be in contravention of any other provision of this Agreement,
or if the making of a Revolving Credit LIBOR Rate Loan would be in contravention of this Agreement, then such notice shall indicate that such loan shall be a Revolving Credit Base Rate Loan. The Borrower hereby irrevocably authorizes and directs the
Swing Loan Lender to so act on its behalf, and agrees that any amount advanced to the Agent for the benefit of the Swing Loan Lender pursuant to this §2.5(d) shall be considered a Revolving Credit Loan pursuant to §2.1. Unless any of the
events described in paragraph (h), (i) or (j) of §12.1 shall have occurred (in which event the procedures of §2.5(e) shall apply), each Revolving Credit Lender shall make the proceeds of its Revolving Credit Loan available to the
Swing Loan Lender for the account of the Swing Loan Lender at the Agent’s Head Office prior to 12:00 noon (Cleveland time) in funds immediately available no later than the third (3rd) Business Day after the date such notice is given just
as if the Revolving Credit Lenders were funding directly to the Borrower, so that thereafter such Obligations shall be evidenced by the Revolving Credit Notes. The proceeds of such Revolving Credit Loan shall be immediately applied to repay the
Swing Loans. 
 (e) If for any reason a Swing Loan cannot be refinanced by a Revolving Credit Loan pursuant to
§2.5(d), each Revolving Credit Lender will, on the date such Revolving Credit Loan pursuant to §2.5(d) was to have been made, purchase an undivided participation interest in the Swing Loan in an amount equal to its Revolving Credit
Commitment Percentage of such Swing Loan. Each Revolving Credit Lender will immediately transfer to the Swing Loan Lender in immediately available funds the amount of its participation and upon receipt thereof the Swing Loan Lender will deliver to
such Revolving Credit Lender a Swing Loan participation certificate dated the date of receipt of such funds and in such amount. 
 (f) Whenever at any time after the Swing Loan Lender has received from any Revolving Credit Lender such Revolving Credit Lender’s participation interest in a Swing Loan, the Swing Loan Lender
receives any payment on account thereof, the Swing Loan Lender will distribute to such Revolving Credit Lender its participation interest in such amount (appropriately adjusted in the case of interest payments to reflect the period of time during
which such Revolving Credit Lender’s participating interest was outstanding and funded); provided, however, that in the event that such payment received by the Swing Loan Lender is required to be returned, such Revolving Credit Lender will
return to the Swing Loan Lender any portion thereof previously distributed by the Swing Loan Lender to it. 
 (g)
Each Revolving Credit Lender’s obligation to fund a Revolving Credit Loan as provided in §2.5(d) or to purchase participation interests pursuant to §2.5(e) shall be absolute and unconditional and shall not be affected by any
circumstance, including, without limitation, (i) any setoff, counterclaim, recoupment, defense or other right which such Revolving Credit Lender or the Borrower or Guarantors may have against the Swing Loan

  
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Lender, the Borrower or Guarantors or anyone else for any reason whatsoever; (ii) the occurrence or continuance of a Default or an Event of Default; (iii) any adverse change in the
condition (financial or otherwise) of the Borrower or Guarantors or any of their respective Subsidiaries; (iv) any breach of this Agreement or any of the other Loan Documents by the Borrower, Guarantors or any Lender; or (v) any other
circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. Any portions of a Swing Loan not so purchased or converted may be treated by the Agent and Swing Loan Lender as against such Revolving Credit Lender as a
Revolving Credit Loan which was not funded by the non-purchasing Revolving Credit Lender as contemplated by §2.8 and §12.5, and shall have such rights and remedies against such Revolving Credit Lender as are set forth in this Agreement.
Each Swing Loan, once so sold or converted, shall cease to be a Swing Loan for the purposes of this Agreement, but shall be a Revolving Credit Loan made by each Revolving Credit Lender under its Revolving Credit Commitment. 

§2.6 Interest on Loans. 
 (a) Each Revolving Credit Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Revolving Credit Base Rate Loan is repaid or
converted to a Revolving Credit LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable Margin for Base Rate Loans. 
 (b) Each Revolving Credit LIBOR Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each Interest Period with respect thereto at the rate
per annum equal to the sum of LIBOR determined for such Interest Period plus the Applicable Margin for LIBOR Rate Loans. 
 (c) Each Term Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Term Base Rate Loan is repaid or is converted to a Term LIBOR
Rate Loan at a rate per annum equal to the sum of the Applicable Margin for Base Rate Loans plus the Base Rate. 

(d) Each Term LIBOR Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on
the last day of each Interest Period with respect thereto at the rate per annum equal to the sum of LIBOR determined for such Interest Period plus the Applicable Margin for LIBOR Rate Loans. 

(e) The Borrower promises to pay interest on each Loan in arrears on each Interest Payment Date with respect thereto.

 (f) Base Rate Loans and LIBOR Rate Loans may be converted to Loans of the other Type as provided in §4.1.

 §2.7 Requests for Revolving Credit Loans. Except with respect to the initial Revolving Credit Loan on the Closing
Date, the Borrower shall give to the Agent written notice executed by an Authorized Officer in the form of Exhibit G hereto (or telephonic notice confirmed in writing in the form of Exhibit G hereto) of each Revolving Credit
Loan requested hereunder (a “Loan Request”) by 11:00 a.m. (Cleveland time) one (1) Business Day prior to the 

  
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proposed Drawdown Date with respect to Revolving Credit Base Rate Loans and two (2) Business Days prior to the proposed Drawdown Date with respect to Revolving Credit LIBOR Rate Loans. Each
such notice shall specify with respect to the requested Revolving Credit Loan the proposed principal amount of such Revolving Credit Loan, the Type of Revolving Credit Loan, the initial Interest Period (if applicable) for such Revolving Credit Loan
and the Drawdown Date. Each such notice shall also contain (i) a general statement as to the purpose for which such advance shall be used (which purpose shall be in accordance with the terms of §2.9) and (ii) a certification by the
chief financial officer or chief accounting officer of Parent Company that the Borrower and Guarantors are and will be in compliance with all covenants under the Loan Documents after giving effect to the making and use of such Revolving Credit Loan.
Promptly upon receipt of any such notice, the Agent shall notify each of the Revolving Credit Lenders thereof. Each such Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit
Loan requested from the Revolving Credit Lenders on the proposed Drawdown Date. Nothing herein shall prevent the Borrower from seeking recourse against any Revolving Credit Lender that fails to advance its proportionate share of a requested
Revolving Credit Loan as required by this Agreement. Each Loan Request shall be (a) for a Revolving Credit Base Rate Loan in a minimum aggregate amount of $1,000,000.00 or an integral multiple of $100,000.00 in excess thereof; or (b) for a
Revolving Credit LIBOR Rate Loan in a minimum aggregate amount of $1,000,000.00 or an integral multiple of $250,000.00 in excess thereof; provided, however, that there shall be no more than five (5) Revolving Credit LIBOR Rate
Loans outstanding at any one time. 
 §2.8 Funds for Loans. 

(a) Not later than 1:00 p.m. (Cleveland time) on the proposed Drawdown Date of any Revolving Credit Loans or on the
Effective Date or any Increase Date with respect to any Term Loans, each of the Revolving Credit Lenders or Term Loan Lenders, as applicable, will make available to the Agent, at the Agent’s Head Office, in immediately available funds, the
amount of such Lender’s Commitment Percentage of the amount of the requested Loans which may be disbursed pursuant to §2.1 or §2.2. Upon receipt from each such Revolving Credit Lender or Term Loan Lender, as applicable, of such
amount, and upon receipt of the documents required by §10 and §11 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Agent will make available to the Borrower the aggregate amount of such
Revolving Credit Loans or Term Loans made available to the Agent by the Revolving Credit Lenders or Term Loan Lenders, as applicable, by crediting such amount to the account of the Borrower maintained at the Agent’s Head Office. The failure or
refusal of any Revolving Credit Lender or Term Loan Lender to make available to the Agent at the aforesaid time and place on any Drawdown Date of any Revolving Credit Loans or on the Effective Date or any Increase Date with respect to any Term Loans
the amount of its Commitment Percentage of the requested Loans shall not relieve any other Revolving Credit Lender or Term Loan Lender from its several obligation hereunder to make available to the Agent the amount of such other Lender’s
Commitment Percentage of any requested Loans, including any additional Revolving Credit Loans that may be requested subject to the terms and conditions hereof to provide funds to replace those not advanced by the Lender so failing or refusing. In
the event of any such failure or refusal, the Lenders not so failing or refusing shall be entitled to a priority secured position as against the Lender or Lenders so failing or refusing to make available to the Borrower the amount of its or their
Commitment Percentage for such Loans as provided in §12.5. 

  
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 (b) Unless the Agent shall have been notified by any Lender prior to the
applicable Drawdown Date of any Revolving Credit Loans or on the Effective Date or any Increase Date with respect to any Term Loans that such Lender will not make available to Agent such Lender’s Commitment Percentage of a proposed Loan, Agent
may in its discretion assume that such Lender has made such Loan available to Agent in accordance with the provisions of this Agreement and the Agent may, if it chooses, in reliance upon such assumption make such Loan available to the Borrower, and
such Lender shall be liable to the Agent for the amount of such advance. If such Lender does not pay such corresponding amount upon the Agent’s demand therefor, the Agent will promptly notify the Borrower, and the Borrower shall promptly pay
such corresponding amount to the Agent. The Agent shall also be entitled to recover from the Lender or the Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made
available by the Agent to the Borrower to the date such corresponding amount is recovered by the Agent at a per annum rate equal to (i) from the Borrower at the applicable rate for such Loan or (ii) from a Lender at the Federal Funds
Effective Rate. 
 §2.9 Use of Proceeds. The Borrower will use the proceeds of the Loans solely (a) to pay
closing costs in connection with this Agreement, (b) to repay and satisfy existing financing, (c) to fund future development projects, property and equipment acquisitions and (d) for general corporate purposes. 

§2.10 Letters of Credit. 
 (a) Subject to the terms and conditions set forth in this Agreement, at any time and from time to time from the Closing Date through the day that is ninety (90) days prior to the Revolving Credit
Maturity Date, the Issuing Lender shall issue such Letters of Credit as the Borrower may request, either for itself or on behalf of any of its Subsidiaries, upon the delivery of a written request in the form of Exhibit H hereto (a
“Letter of Credit Request”) to the Issuing Lender, provided that (i) no Default or Event of Default shall have occurred and be continuing, (ii) upon issuance of such Letter of Credit, the Letter of Credit Liabilities shall not
exceed Thirty Million Dollars ($30,000,000.00), (iii) in no event shall the outstanding principal amount of the Revolving Credit Loans, Swing Loans and Letters of Credit Liabilities (after giving effect to all Letters of Credit requested) and
Equipment Loan exceed the Total Revolving Credit Commitment, (iv) in no event shall the outstanding principal amount of the Revolving Credit Loans, Term Loans, Swing Loans and Letters of Credit Liabilities (after giving effect to all Letters of
Credit requested) exceed the Total Commitment or cause a violation of the covenants set forth in §9.1, (v) in no event shall the outstanding principal amount of the Revolving Credit Loans, Term Loans, Swing Loans and Letters of Credit
Liabilities (after giving effect to all Letters of Credit requested), exceed the Unencumbered Asset Pool Availability, (vi) the conditions set forth in §10 and §11 shall have been satisfied, and (vii) in no event shall any amount
drawn under a Letter of Credit be available for reinstatement or a subsequent drawing under such Letter of Credit. Notwithstanding anything to the contrary contained in this §2.10, the Issuing Lender shall not be obligated to issue, amend,
extend, renew or increase any Letter of Credit at a time when 

  
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any other Revolving Credit Lender is a Defaulting Lender, unless the Issuing Lender is satisfied that the participation therein will otherwise be fully allocated to the Revolving Credit Lenders
that are Non-Defaulting Lenders consistent with §2.14(c) and the Defaulting Lender shall have no participation therein, except to the extent the Issuing Lender has entered into arrangements with the Borrower or such Defaulting Lender which are
satisfactory to the Issuing Lender in its good faith determination to eliminate the Issuing Lender’s Fronting Exposure with respect to any such Defaulting Lender, including the delivery of cash collateral. The Issuing Lender may assume that the
conditions in §10 and §11 have been satisfied unless it receives written notice from a Revolving Credit Lender that such conditions have not been satisfied. Each Letter of Credit Request shall be executed by an Authorized Officer of the
Borrower. The Issuing Lender shall be entitled to conclusively rely on such Person’s authority to request a Letter of Credit on behalf of the Borrower or any of its Subsidiaries. The Issuing Lender shall have no duty to verify the authenticity
of any signature appearing on a Letter of Credit Request. The Borrower assumes all risks with respect to the use of the Letters of Credit. Unless the Issuing Lender and the Majority Revolving Credit Required Lenders otherwise consent, the term of
any Letter of Credit shall not exceed a period of time commencing on the issuance of the Letter of Credit and ending one year after the date of issuance thereof, subject to extension pursuant to an “evergreen” clause reasonably acceptable
to Agent and Issuing Lender (but in any event the term shall not extend beyond the Revolving Credit Maturity Date); provided however, that subject to the terms and conditions of §2.13, a Letter of Credit may, as a result of its express terms or
as the result of the effect of an “evergreen” clause, have an expiration of not more than one year beyond the Revolving Credit Maturity Date so long as no Default or Event of Default then exists and is continuing and prior to the Letter of
Credit Expiration Date, the Borrower shall Cash Collateralize all Letters of Credit having an expiry date after the Letter of Credit Expiration Date and failure to do so shall constitute an Event of Default. The amount available to be drawn under
any Letter of Credit shall reduce on a dollar-for-dollar basis the amount available to be drawn under the Total Revolving Credit Commitment as a Revolving Credit Loan. Each of the Existing Letters of Credit shall upon the Closing Date be deemed to
be a Letter of Credit under this Agreement. 
 (b) Each Letter of Credit Request shall be submitted to the
Issuing Lender at least five (5) Business Days (or such shorter period as the Issuing Lender may approve) prior to the date upon which the requested Letter of Credit is to be issued. Each such Letter of Credit Request shall contain (i) a
statement as to the purpose for which such Letter of Credit shall be used (which purpose shall be in accordance with the terms of this Agreement), and (ii) a certification by the chief financial or chief accounting officer of the Borrower that
the Borrower is and will be in compliance with all covenants under the Loan Documents after giving effect to the issuance of such Letter of Credit. The Borrower shall further deliver to the Issuing Lender such additional applications (which
application as of the date hereof is in the form of Exhibit L attached hereto) and documents as the Issuing Lender may require, in conformity with the then standard practices of its letter of credit department, in connection with the issuance
of such Letter of Credit; provided that in the event of any conflict, the terms of this Agreement shall control. 

(c) The Issuing Lender shall, subject to the conditions set forth in this Agreement, issue the Letter of Credit on or
before five (5) Business Days following receipt of the documents last due pursuant to §2.10(b). Each Letter of Credit shall be in form and substance reasonably satisfactory to the Issuing Lender in its reasonable discretion. 

  
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 (d) Upon the issuance of a Letter of Credit, each Revolving Credit Lender
shall be deemed to have purchased a participation therein from Issuing Lender in an amount equal to its respective Commitment Percentage of the amount of such Letter of Credit. No Revolving Credit Lender’s obligation to participate in a Letter
of Credit shall be affected by any other Revolving Credit Lender’s failure to perform as required herein with respect to such Letter of Credit or any other Letter of Credit. 

(e) Upon the issuance of each Letter of Credit, the Borrower shall pay to the Issuing Lender (i) for its own account,
a Letter of Credit fronting fee calculated at the rate of one eighth of one percent (0.125%) per annum of the amount available to be drawn under such Letter of Credit (which fee shall not be less than $1,500 in any event), and (ii) for the
accounts of the Revolving Credit Lenders (including the Issuing Lender) that are Non-Defaulting Lenders in accordance with their respective percentage shares of participation in such Letter of Credit, a Letter of Credit fee calculated at the rate
per annum equal to the Applicable Margin then applicable to LIBOR Rate Loans on the amount available to be drawn under such Letter of Credit. Such fees under §2.10(e)(ii) shall be payable in quarterly installments in arrears with respect to
each Letter of Credit on the first day of each calendar quarter following the date of issuance and continuing on each quarter or portion thereof thereafter, as applicable, or on any earlier date on which the Commitments shall terminate and on the
expiration or return of any Letter of Credit. 
 (f) In the event that any amount is drawn under a Letter of
Credit by the beneficiary thereof, the Borrower shall reimburse the Issuing Lender by having such amount drawn treated as an outstanding Revolving Credit Base Rate Loan under this Agreement (the Borrower being deemed to have requested a Revolving
Credit Base Rate Loan on such date in an amount equal to the amount of such drawing and such amount drawn shall be treated as an outstanding Revolving Credit Base Rate Loan under this Agreement) and the Agent shall promptly notify each Revolving
Credit Lender by telex, telecopy, telegram, telephone (confirmed in writing) or other similar means of transmission, and each Revolving Credit Lender shall promptly and unconditionally pay to the Agent, for the Issuing Lender’s own account, an
amount equal to such Revolving Credit Lender’s Revolving Credit Commitment Percentage of such Letter of Credit (to the extent of the amount drawn). If and to the extent any Revolving Credit Lender shall not make such amount available on the
Business Day on which such draw is funded, such Lender agrees to pay such amount to the Agent forthwith on demand, together with interest thereon, for each day from the date on which such draw was funded until the date on which such amount is paid
to the Agent, at the Federal Funds Effective Rate until three (3) days after the date on which the Agent gives notice of such draw and at the Federal Funds Effective Rate plus one percent (1.0%) for each day thereafter. Further, such
Revolving Credit Lender shall be deemed to have assigned any and all payments made of principal and interest on its Revolving Credit Loans, amounts due with respect to its participations in Letters of Credit and any other amounts due to it hereunder
to the Agent to fund the amount of any drawn Letter of Credit which such Revolving Credit Lender was required to fund pursuant to this §2.10(f) until such amount has been funded (as a result of such assignment or otherwise). In the event of any
such failure or refusal, the Revolving 

  
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Credit Lenders not so failing or refusing shall be entitled to a priority secured position for such amounts as provided in §12.5. The failure of any Revolving Credit Lender to make funds
available to the Agent in such amount shall not relieve any other Revolving Credit Lender of its obligation hereunder to make funds available to the Agent pursuant to this §2.10(f). 

(g) If after the issuance of a Letter of Credit pursuant to §2.10(c) by the Issuing Lender, but prior to the funding
of any portion thereof by a Revolving Credit Lender, for any reason a drawing under a Letter of Credit cannot be refinanced as a Revolving Credit Loan, each Revolving Credit Lender will, on the date such Revolving Credit Loan pursuant to
§2.10(f) was to have been made, purchase an undivided participation interest in the Letter of Credit in an amount equal to its Revolving Credit Commitment Percentage of the amount of such Letter of Credit. Each Revolving Credit Lender will
immediately transfer to the Issuing Lender in immediately available funds the amount of its participation and upon receipt thereof the Issuing Lender will deliver to such Revolving Credit Lender a Letter of Credit participation certificate dated the
date of receipt of such funds and in such amount. 
 (h) Whenever at any time after the Issuing Lender has
received from any Revolving Credit Lender any such Revolving Credit Lender’s payment of funds under a Letter of Credit and thereafter the Issuing Lender receives any payment on account thereof, then the Issuing Lender will distribute to such
Revolving Credit Lender its participation interest in such amount (appropriately adjusted in the case of interest payments to reflect the period of time during which such Revolving Credit Lender’s participation interest was outstanding and
funded); provided, however, that in the event that such payment received by the Issuing Lender is required to be returned, such Revolving Credit Lender will return to the Issuing Lender any portion thereof previously distributed by the Issuing
Lender to it. 
 (i) The issuance of any supplement, modification, amendment, renewal or extension to or of any
Letter of Credit shall be treated in all respects the same as the issuance of a new Letter of Credit. 
 (j) The
Borrower assumes all risks of the acts, omissions, or misuse of any Letter of Credit by the beneficiary thereof. Neither Agent, Issuing Lender nor any Lender will be responsible for (i) the form, validity, sufficiency, accuracy, genuineness or
legal effect of any Letter of Credit or any document submitted by any party in connection with the issuance of any Letter of Credit, even if such document should in fact prove to be in any or all respects invalid, insufficient, inaccurate,
fraudulent or forged; (ii) the form, validity, sufficiency, accuracy, genuineness or legal effect of any instrument transferring or assigning or purporting to transfer or assign any Letter of Credit or the rights or benefits thereunder or
proceeds thereof in whole or in part, which may prove to be invalid or ineffective for any reason; (iii) failure of any beneficiary of any Letter of Credit to comply fully with the conditions required in order to demand payment under a Letter
of Credit; (iv) errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex or otherwise; (v) errors in interpretation of technical terms; (vi) any loss or delay in the
transmission or otherwise of any document or draft required by or from a beneficiary in order to make a disbursement under a Letter of Credit or the proceeds thereof; (vii) for the misapplication by the beneficiary of any Letter of Credit of
the proceeds of any drawing under 

  
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such Letter of Credit; and (viii) for any consequences arising from causes beyond the control of Agent or any Lender. None of the foregoing will affect, impair or prevent the vesting of any
of the rights or powers granted to Agent, Issuing Lender or the Lenders hereunder. In furtherance and extension and not in limitation or derogation of any of the foregoing, any act taken or omitted to be taken by Agent, Issuing Lender or the other
Lenders in good faith will be binding on the Borrower and will not put Agent, Issuing Lender or the other Lenders under any resulting liability to the Borrower; provided nothing contained herein shall relieve Issuing Lender for liability to the
Borrower arising as a result of the gross negligence or willful misconduct of Issuing Lender as determined by a court of competent jurisdiction after the exhaustion of all applicable appeal periods. 

(k) There shall be no amendment, modification or waiver of any provision in the Loan Documents with respect to Letters of
Credit without the consent of the Issuing Lender. 
 §2.11 Increase in Total Commitment. 

(a) Provided that no Default or Event of Default has occurred and is continuing, subject to the terms and conditions set
forth in this §2.11, the Borrower shall have the option at any time and from time to time to request an increase in the Total Revolving Credit Commitment and/or the Total Term Loan Commitment, each in increments of $10,000,000.00 by an
aggregate amount of increases to the Total Revolving Credit Commitment and the Total Term Loan Commitment of up to $100,000,000 (the amount of the requested increase to be set forth in the Increase Notice) (which, assuming no previous reduction in
the Revolving Credit Commitments or the Term Loan Commitments, would result in a maximum Total Commitment of $675,000,000), written notice to the Agent (an “Increase Notice”; and the amount of such requested increase is the
“Commitment Increase”). The execution and delivery of the Increase Notice by the Borrower shall constitute a representation and warranty by the Borrower that all the conditions set forth in this §2.11 shall have been satisfied on the
date of such Increase Notice. The Commitment Increase may be allocated (1) to the then existing Revolving Credit Commitments, (2) as a new revolving tranche having the same terms as the then existing Revolving Credit Commitments,
(3) to the then existing Term Loan Commitments having the same terms as the existing Term Loan Commitments, or (4) any combination thereof satisfactory to Agent and existing or additional Revolving Credit Lenders or Term Loan Lenders, as
applicable, providing such additional Revolving Credit Commitments or Term Loan Commitments, as applicable. 

(b) Upon receipt of any Increase Notice, the Agent shall consult with Arranger and shall notify the Borrower of the amount
of facility fees to be paid to any Lenders who provide an additional Revolving Credit Commitment or Term Loan Commitment, as applicable, in connection with such increase in the Total Revolving Credit Commitment or Total Term Loan Commitment, as
applicable (which shall be in addition to the fees to be paid to Agent or Arranger pursuant to the Agreement Regarding Fees). If the Borrower agrees to pay the facility fees so determined, then the Agent shall send a notice to all Revolving Credit
Lenders or Term Loan Lenders, as applicable, (the “Additional Commitment Request Notice”) informing them of the Borrower’s request to increase the Total Revolving Credit Commitment or Total Term Loan Commitment, as applicable, and of
the facility fees to be 

  
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paid with respect thereto. Each Lender who desires to provide an additional Revolving Credit Commitment or Term Loan Commitment, as applicable, upon such terms shall provide Agent with a written
commitment letter specifying the amount of the additional Revolving Credit Commitment or Term Loan Commitment, as applicable, which it is willing to provide prior to such deadline as may be specified in the Additional Commitment Request Notice. If
the requested increase is oversubscribed then the Agent and the Arranger shall allocate the Commitment Increase among the Revolving Credit Lenders or Term Loan Lenders, as applicable, who provide such commitment letters on such basis as the Agent
and the Arranger shall determine after consultation with the Borrower. If the additional Revolving Credit Commitments or Term Loan Commitments, as applicable, so provided are not sufficient to provide the full amount of the Commitment Increase
requested by the Borrower, then the Agent, Arranger or the Borrower may, but shall not be obligated to, invite one or more banks or lending institutions (which banks or lending institutions shall be acceptable to Agent, Arranger and the Borrower) to
become a Revolving Credit Lender or Term Loan Lender and provide an additional Revolving Credit Commitment or Term Loan Commitment, as applicable. The Agent shall provide all Revolving Credit Lenders or Term Loan Lenders, as applicable, with a
notice setting forth the amount, if any, of the additional Revolving Credit Commitment or Term Loan Commitment, to be provided by each Revolving Credit Lender or Term Loan Lender, as applicable, and the revised Revolving Credit Commitment
Percentages or Term Loan Commitment Percentages, as applicable, which shall be applicable after the effective date of the Commitment Increase specified therein (the “Increase Date”). In no event shall any Lender be obligated to provide an
additional Revolving Credit Commitment or Term Loan Commitment. 
 (c) On any Increase Date the outstanding
principal balance of the Revolving Credit Loans or Term Loans, as applicable, shall be reallocated among the Revolving Credit Lenders or Term Loan Lenders, as applicable, such that after the applicable Increase Date the outstanding principal amount
of Revolving Credit Loans or Term Loans owed to each Lender shall be equal to such Lender’s Revolving Credit Commitment Percentage or Term Loan Commitment Percentage (as in effect after the applicable Increase Date) of the outstanding principal
amount of all Revolving Credit Loans or Term Loans, as applicable. On any Increase Date with respect to an increase in the Total Revolving Credit Commitment, the Swing Loan Commitment shall increase proportionately (rounded to the next lowest
integral multiple of $100,000). The participation interests of the Revolving Credit Lenders in Swing Loans and Letters of Credit shall be similarly adjusted. On any Increase Date those Revolving Credit Lenders or Term Loan Lenders whose Revolving
Credit Commitment Percentage or Term Loan Commitment Percentage is increasing shall advance the funds to the Agent and the funds so advanced shall be distributed among the Revolving Credit Lenders or Term Loan Lenders, as applicable, whose Revolving
Credit Commitment Percentage or Term Loan Commitment Percentage, as applicable, is decreasing as necessary to accomplish the required reallocation of the outstanding Revolving Credit Loans or Term Loans, as applicable. The funds so advanced shall be
Base Rate Loans until converted to LIBOR Rate Loans which are allocated among all Lenders based on their Commitment Percentages. The Borrower further agrees to pay the Breakage Costs, if any, resulting from any Commitment Increase. 

  
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 (d) Upon the effective date of each increase in the Total Revolving Credit
Commitment or Total Term Loan Commitment pursuant to this §2.11, the Agent may unilaterally revise Schedule 1.1 and the Borrower shall execute and deliver to the Agent new Revolving Credit Notes, Term Loan Notes and a Swing Loan
Note for each Lender whose Commitment has changed and for the Swing Loan Lender so that the principal amount of such Revolving Credit Lender’s Revolving Credit Note shall equal its Revolving Credit Commitment, such Term Loan Lender’s Term
Loan Note shall equal its Term Loan Commitment and the Swing Loan Lender’s Swing Loan Note shall equal its Swing Loan Commitment. The Agent shall deliver such replacement Revolving Credit Notes, Term Loan Notes and Swing Loan Note to the
respective Lenders in exchange for the Revolving Credit Notes, Term Loan Notes and Swing Loan Note replaced thereby which shall be surrendered by such Lenders. Such new Revolving Credit Notes, Term Loan Notes and Swing Loan Note shall provide that
they are replacements for the surrendered Revolving Credit Notes, Term Loan Notes or Swing Loan Note, as applicable, and that they do not constitute a novation, shall be dated as of the Increase Date and shall otherwise be in substantially the form
of the replaced Revolving Credit Notes, Term Loan Notes or Swing Loan Note, as applicable. In connection therewith, the Borrower shall deliver an opinion of counsel, addressed to the Lenders and the Agent, relating to the due authorization,
execution and delivery of such new Revolving Credit Notes, Term Loan Notes and Swing Loan Note and the enforceability thereof, in form and substance substantially similar to the opinion delivered in connection with the first disbursement under this
Agreement. The surrendered Revolving Credit Notes, Term Loan Notes and Swing Loan Note shall be canceled and returned to the Borrower. 
 (e) Notwithstanding anything to the contrary contained herein, the obligation of the Agent and the Revolving Credit Lenders to increase the Total Revolving Credit Commitment or the Agent and the Term Loan
Lenders to increase the Total Term Loan Commitment, as applicable, pursuant to this §2.11 shall be conditioned upon satisfaction of the following conditions precedent which must be satisfied prior to the effectiveness of any increase of the
Total Revolving Credit Commitment or the Total Term Loan Commitment, as applicable: 
 (i) Payment of Activation Fee.
The Borrower shall pay (A) to the Agent those fees described in and contemplated by the Agreement Regarding Fees with respect to the applicable Commitment Increase, and (B) to the Arranger such facility fees as the Revolving Credit Lenders
or Term Loan Lenders, as applicable, who are providing an additional Commitment may require to increase the aggregate Revolving Credit Commitment or Term Loan Commitment, which fees shall, when paid, be fully earned and non-refundable under any
circumstances. The Arranger shall pay to the Lenders acquiring the applicable Commitment Increase certain fees pursuant to their separate agreement; and 
 (ii) No Default. On the date any Increase Notice is given and on the date such increase becomes effective, both immediately before and after the Total Revolving Credit Commitment or Total Term Loan
Commitment is increased, there shall exist no Default or Event of Default; and 
 (iii) Representations True. The
representations and warranties made by the Borrower and the Guarantors in the Loan Documents or otherwise made by or on behalf of 

  
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the Borrower or the Guarantors in connection therewith or after the date thereof shall have been true and correct in all material respects when made and shall also be true and correct in all
material respects (except to the extent that any representation and warranty that is qualified by materiality shall be true and correct in all respects) on the date of such Increase Notice and on the date the Total Revolving Credit Commitment or
Total Term Loan Commitment is increased, both immediately before and after the Total Revolving Credit Commitment or Total Term Loan Commitment is increased, except that if any representation and warranty is as of a specified date, such
representation and warranty shall be true and correct in all material respects as of such date; and 
 (iv) Additional
Documents. The Borrower and the Guarantors shall execute and deliver to Agent and the Lenders such additional documents, instruments, certifications and opinions as the Agent may reasonably require in its sole and absolute discretion, including,
without limitation, a Compliance Certificate, demonstrating compliance with all covenants, representations and warranties set forth in the Loan Documents after giving effect to the increase; and 

(v) Other. The Borrower and the Guarantors shall satisfy such other conditions to such increase as Agent may require in its
reasonable discretion. 
 §2.12 Cash Collateral. 

(a) Certain Credit Support Events. Upon the request of the Agent or the Issuing Lender (i) if the Issuing
Lender has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in Letter of Credit Liabilities that remain unpaid, or (ii) if, as of the Letter of Credit Expiration Date, any Letter of Credit
Liabilities for any reason remains outstanding, the Borrower shall, in each case, immediately Cash Collateralize the then outstanding amount of all Letter of Credit Liabilities. At any time that there shall exist a Defaulting Lender that is a
Revolving Credit Lender, promptly upon the written request of the Agent, the Issuing Lender or the Swing Loan Lender, as applicable, the Borrower shall deliver to Agent Cash Collateral in an amount sufficient to cover all Fronting Exposure as
provided in §2.14(e). Such cash collateral or other credit support provided under the immediately preceding sentence will be promptly returned to the Borrower at such time as the Revolving Credit Lender is no longer a Lender that is a
Defaulting Lender. 
 (b) Grant of Security Interest. All Cash Collateral (other than credit support not
constituting funds subject to deposit) shall be maintained in blocked, interest bearing deposit accounts at KeyBank. Amounts deposited in the deposit accounts shall not be invested and will earn interest at a rate paid by KeyBank with respect to
money market accounts. The Borrower, and to the extent provided by any Revolving Credit Lender, such Revolving Credit Lender, hereby grants to (and subjects to the control of) the Agent, for the benefit of the Agent, the Issuing Lender and the
Revolving Credit Lenders, and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing,
all as security for the obligations to which such Cash Collateral may be applied pursuant to §2.12(c). If at any time the Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Agent as herein
provided, or that the total 

  
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amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby including, without limitation, §2.10, the Borrower or the relevant
Defaulting Lender will, promptly upon demand by the Agent, pay or provide to the Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral previously provided). 

(c) Application. Notwithstanding anything to the contrary contained in this Agreement, (i) Cash Collateral
provided under this Credit Agreement in respect of Letters of Credit shall be held and applied to the satisfaction of the specific Letter of Credit Liabilities, obligations to fund participations therein (including, as to Cash Collateral provided by
a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein, and (ii) Cash Collateral provided
under this Credit Agreement in respect of Swing Loans shall be held and applied to the satisfaction of the specific Swing Loan liabilities, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender,
any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein. 

(d) Release. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or other
obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Revolving Credit
Lender (or, as appropriate, its assignee following compliance with §18)), the return or cancellation of the Letter of Credit or the term of the Letter of Credit not going beyond the Letter of Credit Expiration Date or (ii) the Agent’s
good faith determination that there exists excess Cash Collateral; provided, however, (x) that Cash Collateral furnished by or on behalf of the Borrower shall not be released during the continuance of a Default or Event of Default (and
following application as provided in this §2.12 may be otherwise applied in accordance with §12.5), and (y) the Person providing Cash Collateral and the Issuing Lender, as applicable, may agree that Cash Collateral shall not be
released but instead held to support future anticipated Fronting Exposure or other obligations. 
 §2.13 Termination of
Agreement. This Agreement shall terminate at such time as (a) all of the Commitments have been terminated, (b) all Letters of Credit (other than Letters of Credit the expiration dates of which extend beyond the Letter of Credit
Expiration Date as permitted under §2.10 and in respect of which the Borrower has satisfied the requirements of such section or §2.12, as applicable) have expired, have been cancelled or have otherwise terminated, (c) none of the
Lenders nor the Swing Loan Lender is obligated any longer under this Agreement to make any Loans and (d) all Obligations (other than obligations which survive as provided in the following proviso and as set forth in §15 and §16) and
Hedge Obligations have been paid and satisfied in full; provided, however, if on the Revolving Credit Maturity Date or any other date that this Agreement terminates any Letters of Credit permitted under §2.10 to have expiration dates that
extend beyond the Letter of Credit Expiration Date remain outstanding, then the provisions of this Agreement applicable to the Agent, Issuing Lender and the Borrower with respect to Letters of Credit, including, without limitation, the
Borrower’s reimbursement obligations under §2.10(f), shall remain in effect until all such Letters of Credit 

  
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have expired, have been cancelled or have otherwise terminated; provided, however, notwithstanding anything else provided herein or otherwise, after the Revolving Credit Maturity Date, no Lender
(other than the Issuing Lender) shall have any liability or obligation relating to any Letter of Credit Liabilities (including, without limitation, in respect of any Letter of Credit that has an expiry date after such date). 

§2.14 Defaulting Lenders. 
 (a) If for any reason any Lender shall be a Defaulting Lender, then, in addition to the rights and remedies that may be available to the Agent or the Borrower under this Agreement or applicable law,
except as otherwise provided under §27, such Defaulting Lender’s right to participate in the administration of the Loans, this Agreement and the other Loan Documents, including without limitation, any right to vote in respect of, to
consent to or to direct any action or inaction of the Agent or to be taken into account in the calculation of the Majority Revolving Credit Lenders, the Required Lenders or all of the Lenders, shall be suspended during the pendency of such failure
or refusal. If a Lender is a Defaulting Lender because it has failed to make timely payment to the Agent of any amount required to be paid to the Agent hereunder (without giving effect to any notice or cure periods), in addition to other rights and
remedies which the Agent or the Borrower may have under the immediately preceding provisions or otherwise, the Agent shall be entitled (i) to collect interest from such Defaulting Lender on such delinquent payment for the period from the date
on which the payment was due until the date on which the payment is made at the Federal Funds Rate, (ii) to withhold or setoff and to apply in satisfaction of the defaulted payment and any related interest, any amounts otherwise payable to such
Defaulting Lender under this Agreement or any other Loan Document and (iii) to bring an action or suit against such Defaulting Lender in a court of competent jurisdiction to recover the defaulted amount and any related interest. Any amounts
received by the Agent in respect of a Defaulting Lender’s Loans shall be applied as set forth in §2.14(d). Notwithstanding anything else provided herein or otherwise, no limitation on such Defaulting Lender’s right to participate in
the administration of the Loans shall mean or be deemed to limit or otherwise impair, such Defaulting Lender’s right to attend, but not participate or vote (except as otherwise provided under §27), in any bank meeting or to request or
receive any information in connection with or as provided under any of the Loan Documents. 
 (b) Any
Non-Defaulting Lender may, but shall not be obligated, in its sole discretion, to acquire all or a portion of a Defaulting Lender’s Commitment at par. Any Lender desiring to exercise such right shall give written notice thereof to the Agent and
the Borrower no sooner than two (2) Business Days and not later than five (5) Business Days after such Defaulting Lender became a Defaulting Lender. If more than one Lender exercises such right, each such Lender shall have the right to
acquire an amount of such Defaulting Lender’s Commitment in proportion to the Commitments of the other Lenders exercising such right. If after such fifth (5th) Business Day, the Lenders have not elected to purchase all of the Commitment of
such Defaulting Lender, then the Borrower (so long as no Default or Event of Default exists) or the Required Lenders may, by giving written notice thereof to the Agent, such Defaulting Lender and the other Lenders, demand (but shall have no
obligation to so demand) that such Defaulting Lender assign its Commitment to an eligible assignee subject to and in accordance with the provisions of §18.1 for the purchase price provided for below

  
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and upon any such demand such Defaulting Lender shall comply with such demand and shall consummate such assignment (subject to and in accordance with the provisions of §18.1). No party
hereto shall have any obligation whatsoever to initiate any such replacement or to assist in finding an eligible assignee. Upon any such purchase or assignment, and any such demand with respect to which the conditions specified in §18.1 have
been satisfied, the Defaulting Lender’s interest in the Loans and its rights hereunder (but not its liability in respect thereof or under the Loan Documents or this Agreement to the extent the same relate to the period prior to the effective
date of the purchase) shall terminate on the date of purchase, and the Defaulting Lender shall promptly execute all documents reasonably requested to surrender and transfer such interest to the purchaser or assignee thereof, including an appropriate
Assignment and Acceptance Agreement. The purchase price for the Commitment of a Defaulting Lender shall be equal to the amount of the principal balance of the Loans outstanding and owed by the Borrower to the Defaulting Lender plus any accrued but
unpaid interest thereon and accrued but unpaid fees. Prior to payment of such purchase price to a Defaulting Lender, the Agent shall apply against such purchase price any amounts retained by the Agent pursuant to §2.14(d). 

(c) During any period in which there is a Defaulting Lender, all or any part of such Defaulting Lender’s obligation
to acquire, refinance or fund participations in Letters of Credit pursuant to §2.10(g) or Swing Loans pursuant to §2.5(e) shall be reallocated among the Revolving Credit Lenders that are Non-Defaulting Lenders in accordance with their
respective Revolving Credit Commitment Percentages (computed without giving effect to the Revolving Credit Commitment of such Defaulting Lender; provided that (i) each such reallocation shall be given effect only if, at the date the applicable
Revolving Credit Lender becomes a Defaulting Lender, no Default or Event of Default exists, (ii) the conditions set forth in §10 and §11 are satisfied at the time of such reallocation (and, unless the Borrower shall have notified the
Agent at such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at the time), (iii) the representations and warranties in the Loan Documents shall be true and correct in all material
respects on and as of the date of such reallocation with the same effect as though made on and as of such date, except to the extent of changes resulting from transactions permitted by the Loan Documents (it being understood and agreed that any
representation or warranty which by its terms is made as of a specified date shall be required to be true and correct only as of such specified date), and (iv) the aggregate obligation of each Revolving Credit Lender that is a Non-Defaulting
Lender to acquire, refinance or fund participations in Letters of Credit and Swing Loans shall not exceed the positive difference, if any, of (A) the Revolving Credit Commitment of that Non-Defaulting Lender minus (B) the sum of
(1) the aggregate outstanding principal amount of the Revolving Credit Loans of that Lender plus (2) such Lender’s pro rata portion in accordance with its Revolving Credit Commitment Percentage of outstanding Letter of Credit
Liabilities and Swing Loans. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a
Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 
 (d) Any payment of principal, interest, fees or other amounts received by the Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, or otherwise, and including any
amounts made available to the Agent for the 

  
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account of such Defaulting Lender pursuant to §13), shall be applied at such time or times as may be determined by the Agent as follows: first, to the payment of any amounts owing by
such Defaulting Lender to the Agent (other than with respect to Letter of Credit Liabilities) hereunder; second, to the payment of any amounts owing by such Defaulting Lender to the Issuing Lender (with respect to Letter of Credit
Liabilities) and/or the Swing Loan Lender hereunder; third, if so determined by the Agent or requested by the Issuing Lender or the Swing Loan Lender, to be held as cash collateral for future funding obligations of such Defaulting Lender of
any participation in any Letter of Credit or Swing Loan; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its
portion thereof as required by this Agreement, as determined by the Agent; fifth, if so determined by the Agent and the Borrower, to be held in a non-interest bearing deposit account and released pro rata in order to (x) satisfy
obligations of such Defaulting Lender to fund Loans or participations under this Agreement and (y) be held as cash collateral for future funding obligations of such Defaulting Lender of any participation in any Letter of Credit or Swing Loan;
sixth, to the payment of any amounts owing to the Agent or the Lenders (including the Issuing Lender and the Swing Loan Lender) as a result of any judgment of a court of competent jurisdiction obtained by the Agent or any Lender (including
the Issuing Lender and the Swing Loan Lender) against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the
payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this
Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (i) such payment is a payment of the principal amount of any Loans or funded participations in Letters of
Credit or Swing Loans in respect of which such Defaulting Lender has not fully funded its appropriate share and (ii) such Loans or funded participations in Letters of Credit or Swing Loans were made at a time when the conditions set forth in
§10 and §11, to the extent required by this Agreement, were satisfied or waived, such payment shall be applied solely to pay the Loans of, and funded participations in Letters of Credit or Swing Loans owed to, all Non-Defaulting Lenders on
a pro rata basis until such time as all Loans and funded and unfunded participations in Letters of Credit and Swing Loans are held by the Lenders pro rata in accordance with their Revolving Credit Commitment Percentages and Term Loan Commitment
Percentages, as applicable, without regard to §2.14(c), prior to being applied to the payment of any Loans of, or funded participations in Letters of Credit or Swing Loans owed to, such Defaulting Lender. Any payments, prepayments or other
amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this §2.14(d) shall be deemed paid to and redirected by such Defaulting Lender, and each
Lender irrevocably consents hereto, and to the extent allocated to the repayment of principal of the Loan, shall not be considered outstanding principal under this Agreement. 

(e) Within five (5) Business Days of demand by the Issuing Lender or Swing Loan Lender from time to time, the
Borrower shall deliver to the Agent for the benefit of the Issuing Lender and the Swing Loan Lender Cash Collateral in an amount sufficient to cover all Fronting Exposure with respect to the Issuing Lender and Swing Loan Lender (after giving effect
to §2.5(a), §2.10(a) and §2.14(c)) on terms reasonably satisfactory to the Issuing 

  
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Lender and/or Swing Loan Lender in its good faith determination (and such Cash Collateral shall be in Dollars). Any such Cash Collateral shall be deposited in the collateral account described in
§2.12 as collateral (solely for the benefit of the Issuing Lender and/or the Swing Loan Lender) for the payment and performance of each Defaulting Lender’s pro rata portion in accordance with their respective Revolving Credit Commitment
Percentages of outstanding Letter of Credit Liabilities and Swing Loans. Moneys in such account deposited pursuant to this section shall be applied by the Agent to reimburse the Issuing Lender and/or the Swing Loan Lender immediately for each
Defaulting Lender’s pro rata portion in accordance with their respective Revolving Credit Commitment Percentages of any funding obligation with respect to a Letter of Credit or Swing Loan which has not otherwise been reimbursed by the Borrower
or such Defaulting Lender. 
 (f) (i) Each Revolving Credit Lender that is a Defaulting Lender shall not be
entitled to receive any facility unused fee pursuant to §2.3 for any period during which that Revolving Credit Lender is a Defaulting Lender. 
 (ii) Each Revolving Credit Lender that is a Defaulting Lender shall not be entitled to receive Letter of Credit fees pursuant to §2.10(e) for any period during which that Revolving Credit Lender is a
Defaulting Lender. 
 (iii) With respect to any facility unused fee or Letter of Credit fees not required to be paid to any
Defaulting Lender pursuant to clause (i) or (ii) above, the Borrower shall (x) pay to each Non-Defaulting Lender that is a Revolving Credit Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect
to such Defaulting Lender’s participation in Letter of Credit Liabilities or Swing Loans that has been reallocated to such Non-Defaulting Lender pursuant to §2.14(c), (y) pay to the Issuing Lender and Swing Loan Lender the amount of
any such fee otherwise payable to such Defaulting Lender to the extent allocable to the Issuing Lender’s or Swing Loan Lender’s Fronting Exposure to such Defaulting Lender and (z) not be required to pay any remaining amount of any
such fee. 
 (g) If the Borrower (so long as no Default or Event of Default exists) and the Agent agree in
writing in their reasonable discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Agent will so notify the parties hereto, whereupon as of the date specified in such notice and subject to any conditions set
forth therein (which may include arrangements with respect to any cash collateral), that Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or take such other actions as the Agent may determine to
be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swing Loans to be held on a pro rata basis by the Lenders in accordance with their Commitments (without giving effect to §2.14(c)), whereupon such
Lender will cease to be a Defaulting Lender and any applicable cash collateral provided by the Borrower shall be promptly refunded to the Borrower; provided that no adjustments will be made retroactively with respect to fees accrued or payments made
by or on behalf of the Borrower while such Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a
waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender. 

  
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 §2.15 Extension of Revolving Credit Maturity Date. The Borrower shall have the
one-time right and option to extend the Revolving Credit Maturity Date to May 1, 2018, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Revolving Credit Maturity
Date: 
 (a) Extension Request. The Borrower shall deliver written notice of such request (the
“Extension Request”) to the Agent not later than the date which is ninety (90) days prior to the Revolving Credit Maturity Date (as determined without regard to such extension). Any such Extension Request shall be irrevocable and
binding on the Borrower. 
 (b) Payment of Extension Fee. The Borrower shall pay to the Agent for the pro
rata accounts of the Revolving Credit Lenders in accordance with their respective Revolving Credit Commitments an extension fee in an amount equal to ten (10) basis points on the Total Revolving Credit Commitment in effect on the Revolving
Credit Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances. 
 (c) No Default. On the date the Extension Request is given and on the Revolving Credit Maturity Date (as determined without regard to such extension) there shall exist no Default or Event of
Default. 
 (d) Representations and Warranties. The representations and warranties made by the Borrower
and the Guarantors in the Loan Documents or otherwise made by or on behalf of the Borrower and the Guarantors in connection therewith or after the date thereof shall have been true and correct in all material respects when made and shall also be
true and correct in all material respects (except to the extent that any representation or warranty that is qualified by materiality shall be true and correct in all respects) on the date the Extension Request is given and on the Revolving Credit
Maturity Date (as determined without regard to such extension), except to the extent any representation or warranty is as of a specific date, in which case such representation or warranty shall be correct in all material respects as of such earlier
date. 
 (e) Pro Forma Covenant Compliance. Borrower shall have delivered to Agent evidence reasonably
satisfactory to Agent that Borrower will be in pro forma compliance with the covenants set forth in §9 immediately after giving effect to the extension. 
 (f) Additional Documents and Expenses. The Borrower and the Guarantors shall execute and deliver to Agent and Lenders such additional consents and affirmations and other documents as the Agent may
reasonably require. 
  

	§3.	REPAYMENT OF THE LOANS. 

§3.1 Stated Maturity. The Borrower promises to pay on the Revolving Credit Maturity Date and there shall become absolutely due
and payable on the Revolving Credit Maturity Date all of the Revolving Credit Loans, Swing Loans and the Letter of Credit Liabilities outstanding on such date, together with any and all accrued and unpaid interest thereon. The Borrower promises to
pay on the Term Loan Maturity Date and there shall become absolutely due and payable on the Term Loan Maturity Date all of the Term Loans Outstanding on such date, together with any and all accrued and unpaid interest thereon. 

  
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 §3.2 Mandatory Prepayments. 

(a) If at any time the sum of the aggregate outstanding principal amount of the Revolving Credit Loans, the outstanding
principal balance of the Swing Loans and the Letter of Credit Liabilities exceeds (a) the Total Revolving Credit Commitment or (b) the Unencumbered Asset Pool Availability minus the outstanding principal balance of the Equipment Loan, then
the Borrower shall, within five (5) Business Days of such occurrence pay the amount of such excess to the Agent for the respective accounts of the Revolving Credit Lenders, as applicable, for application to the Revolving Credit Loans as
provided in §3.4, together with any additional amounts payable pursuant to §4.8, except that the amount of any Swing Loans shall be paid solely to the Swing Loan Lender. 

(b) If at any time the sum of the aggregate outstanding principal amount of the Revolving Credit Loans, the outstanding
principal balance of the Swing Loans, the outstanding principal balance of the Term Loans and the Letter of Credit Liabilities exceeds (a) the Total Commitment or (b) the Unencumbered Asset Pool Availability minus the outstanding principal
balance of the Equipment Loan, then the Borrower shall, within five (5) Business Days of such occurrence pay the amount of such excess to the Agent for the respective accounts of the Lenders, as applicable, for applications to the Loans as
provided in §3.4, together with any additional amounts payable pursuant to §4.8, except that the amount of any Swing Loans shall be paid solely to the Swing Loan Lender. 

(c) In the event that after the Closing Date the Borrower, REIT or any of their respective Subsidiaries shall enter into
any other Unsecured Debt as permitted under this Agreement, the Borrower shall prepay the Term Loans concurrently with the date of receipt by the Borrower, REIT or such Subsidiary of the Net Cash Proceeds of such incurrence of such Unsecured Debt in
an amount equal to one hundred percent (100%) of such Net Cash Proceeds until such time as the Term Loans are paid in full. 
 §3.3 Optional Prepayments. 
 (a) The Borrower shall
have the right, at its election, to prepay the outstanding amount of the Revolving Credit Loans and Swing Loans, as a whole or in part, at any time without penalty or premium; provided, that if any prepayment of the outstanding amount of any
Revolving Credit LIBOR Rate Loans pursuant to this §3.3 is made on a date that is not the last day of the Interest Period relating thereto, such prepayment shall be accompanied by the payment of any amounts due pursuant to §4.8.

 (b) The Borrower shall have the right, at its election, to prepay the outstanding amount of the Term Loans, as
a whole or in part, at any time without penalty or premium; provided, that if any prepayment of the outstanding amount of any Term LIBOR Rate Loans pursuant to this §3.3 is made on a date that is not the last day of the Interest Period
relating thereto, such prepayment shall be accompanied by the payment of any amounts due pursuant to §4.8. 

(c) The Borrower shall give the Agent, no later than 10:00 a.m. (Cleveland time) at least three (3) days’
prior written notice of any prepayment pursuant to this §3.3 of LIBOR Rate Loans unless a shorter notice period is agreed to in writing by the Agent, and one Business Days’ prior written notice of any prepayment pursuant to this §3.3
of Base Rate Loans, in each case specifying the proposed date of prepayment of the Loans and the principal amount to be prepaid (provided that any such notice may be revoked or modified upon one (1) day’s prior notice to the Agent).
Notwithstanding the foregoing, no prior notice shall be required for the prepayment of any Swing Loan. 

  
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 §3.4 Partial Prepayments. Each partial prepayment of the Loans under §3.3
shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under §3.2 and
§3.3 shall be applied first to the principal of any Outstanding Swing Loans, then to the principal of Revolving Credit Loans and then to the principal of Term Loans. Each partial payment under §3.2 and §3.3 shall be applied first to
the principal of Base Rate Loans, and then to the principal of LIBOR Rate Loans. 
 §3.5 [Intentionally Omitted.]

 §3.6 Effect of Prepayments. Amounts of the Revolving Credit Loans prepaid under §3.2 and §3.3 prior to
the Revolving Credit Maturity Date may be reborrowed as provided in §2. Any portion of the Term Loans that is prepaid may not be reborrowed. 
  

	§4.	CERTAIN GENERAL PROVISIONS. 

§4.1 Conversion Options. 
 (a) The Borrower may elect from time to time to convert any of its outstanding Revolving Credit Loans or Term Loans to a Revolving Credit Loan or Term Loan of another Type and such Revolving Credit Loans
or Term Loans shall thereafter bear interest as a Base Rate Loan or a LIBOR Rate Loan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at
least one (1) Business Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate Loan; (ii) with respect to any such conversion of a Base
Rate Loan to a LIBOR Rate Loan, the Borrower shall give the Agent at least two (2) LIBOR Business Days’ prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted
shall be in a minimum aggregate amount of $1,000,000.00 or an integral multiple of $250,000.00 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five (5) Revolving Credit LIBOR Rate Loans and two
(2) Term LIBOR Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Revolving Credit Loans
or Term Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Revolving Credit Base Rate Loan or Term Base Rate Loan in a principal amount of less than $1,000,000.00 or an integral
multiple of $100,000.00 or a Revolving Credit LIBOR Rate Loan or a Term LIBOR Rate Loan in a principal amount of less than $1,000,000.00 or an integral 

  
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multiple of $250,000.00. On the date on which such conversion is being made, each Lender shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic
Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion/Continuation Request relating to the conversion of a Base Rate Loan to a LIBOR Rate Loan shall be irrevocable by the Borrower. 

(b) Any LIBOR Rate Loan may be continued as such Type upon the expiration of an Interest Period with respect thereto by
compliance by the Borrower with the terms of §4.1; provided that no LIBOR Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on
the last day of the Interest Period relating thereto ending during the continuance of any Default or Event of Default. 
 (c) In the event that the Borrower does not notify the Agent of its election hereunder with respect to any LIBOR Rate Loan, such Loan shall be automatically continued at the end of the applicable Interest
Period as a LIBOR Rate Loan for an Interest Period of one month unless such Interest Period shall be greater than the time remaining until the Revolving Credit Maturity Date, in which case such Loan shall be automatically converted to a Base Rate
Loan at the end of the applicable Interest Period. 
 §4.2 Fees. The Borrower and the Guarantors agree to pay to
KeyBank and Agent for their own account certain fees for services rendered or to be rendered in connection with the Loans as provided pursuant to that certain fee letter dated as of May 1, 2013 between the Borrower, KeyBank and KeyBanc Capital
Markets (the “Agreement Regarding Fees”). All such fees shall be fully earned when paid and nonrefundable under any circumstances. 
 §4.3 Agent Fee. The Borrower shall pay to the Agent, for the Agent’s own account, a non-refundable Agent’s administrative fee pursuant to the Agreement Regarding Fees. The
Agent’s fee shall be payable upon the Closing Date and on each annual anniversary date thereof until the termination of the Commitment and the indefeasible repayment in full and satisfaction of the Obligations and Hedge Obligations. 

§4.4 Funds for Payments. 
 (a) All payments of principal, interest, facility fees, Letter of Credit Fees, closing fees and any other amounts due hereunder or under any of the other Loan Documents shall be made to the Agent, for the
respective accounts of the Lenders and the Agent, as the case may be, at the Agent’s Head Office, not later than 2:00 p.m. (Cleveland time) on the day when due, in each case in lawful money of the United States in immediately available funds.
The Agent is hereby authorized to charge the accounts of the Borrower with KeyBank, on the dates when the amount thereof shall become due and payable, with the amounts of the principal of and interest on the Loans and all fees, charges, expenses and
other amounts owing to the Agent and/or the Lenders (including the Swing Loan Lender) under the Loan Documents. Subject to the foregoing, all payments made to Agent on behalf of the Lenders, and actually received by Agent, shall be deemed received
by the Lenders on the date actually received by Agent. 

  
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 (b) All payments by the Borrower hereunder and under any of the other Loan
Documents shall be made without setoff or counterclaim and free and clear of and without deduction for any taxes (other than (i) income or franchise taxes imposed on any Lender and (ii) U.S. federal taxes imposed by reason of a
Lender’s failure to comply with the requirements of FATCA to establish that such payment is exempt from withholding tax thereunder), levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions
of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is
imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower will pay to the Agent, for the account of the Lenders (including the Swing Loan Lender) or (as the case may be) the
Agent, on the date on which such amount is due and payable hereunder or under such other Loan Document, such additional amount in Dollars as shall be necessary to enable the Lenders or the Agent to receive the same net amount which the Lenders or
the Agent would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent certificates or other valid vouchers for all taxes or other charges deducted from or paid with
respect to payments made by the Borrower hereunder or under any other Loan Document. 
 (c) Each Lender organized
under the laws of a jurisdiction outside the United States, if requested in writing by the Borrower (but only so long as such Lender remains lawfully able to do so), shall provide the Borrower with such duly executed form(s) or statement(s) which
may, from time to time, be prescribed by law and, which, pursuant to applicable provisions of (i) an income tax treaty between the United States and the country of residence of such Lender, (ii) the Code, or (iii) any applicable rules
or regulations in effect under (i) or (ii) above, indicates the withholding status of such Lender; provided that nothing herein (including without limitation the failure or inability to provide such form or statement) shall relieve
the Borrower of its obligations under §4.4(b). In the event that the Borrower shall have delivered the certificates or vouchers described above for any payments made by the Borrower and such Lender receives a refund of any taxes paid by the
Borrower pursuant to §4.4(b), such Lender will pay to the Borrower the amount of such refund promptly upon receipt thereof; provided that if at any time thereafter such Lender is required to return such refund, the Borrower shall
promptly repay to such Lender the amount of such refund. Without limitation of the foregoing, if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding tax imposed by FATCA if such Lender were to fail to
comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Agent at the time or times prescribed by law and
at such time or times reasonably requested by the Borrower or the Agent such documentation prescribed by applicable law (including as prescribed by Sections 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the
Borrower or the Agent as may be necessary for the Borrower and the Agent to comply with their obligations under FATCA and to determine that such Lender has or has not complied with such Lender’s obligations under FATCA or, as necessary, to
determine the amount to deduct and withhold from such payment. 

  
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 (d) The obligations of the Borrower to the Lenders under this Agreement (and
of the Revolving Credit Lenders to make payments to the Issuing Lender with respect to Letters of Credit and to the Swing Loan Lender with respect to Swing Loans) shall be absolute, unconditional and irrevocable, and shall be paid and performed
strictly in accordance with the terms of this Agreement, under all circumstances whatsoever, including, without limitation, the following circumstances: (i) any lack of validity or enforceability of this Agreement, any Letter of Credit or any
of the other Loan Documents; (ii) any improper use which may be made of any Letter of Credit or any improper acts or omissions of any beneficiary or transferee of any Letter of Credit in connection therewith; (iii) the existence of any
claim, set-off, defense or any right which the Borrower or any of its Subsidiaries or Affiliates may have at any time against any beneficiary or any transferee of any Letter of Credit (or persons or entities for whom any such beneficiary or any such
transferee may be acting) or the Lenders (other than the defense of payment to the Lenders in accordance with the terms of this Agreement) or any other person, whether in connection with any Letter of Credit, this Agreement, any other Loan Document,
or any unrelated transaction; (iv) any draft, demand, certificate, statement or any other documents presented under any Letter of Credit proving to be insufficient, forged, fraudulent or invalid in any respect or any statement therein being
untrue or inaccurate in any respect whatsoever; (v) any breach of any agreement between the Borrower or any of its Subsidiaries or Affiliates and any beneficiary or transferee of any Letter of Credit; (vi) any irregularity in the
transaction with respect to which any Letter of Credit is issued, including any fraud by the beneficiary or any transferee of such Letter of Credit; (vii) payment by the Issuing Lender under any Letter of Credit against presentation of a sight
draft, demand, certificate or other document which does not comply with the terms of such Letter of Credit, provided that such payment shall not have constituted gross negligence or willful misconduct on the part of the Issuing Lender as determined
by a court of competent jurisdiction after the exhaustion of all applicable appeal periods; (viii) any non-application or misapplication by the beneficiary of a Letter of Credit of the proceeds of such Letter of Credit; (ix) the legality,
validity, form, regularity or enforceability of the Letter of Credit; (x) the failure of any payment by Issuing Lender to conform to the terms of a Letter of Credit (if, in Issuing Lender’s good faith judgment, such payment is determined
to be appropriate); (xi) the surrender or impairment of any security for the performance or observance of any of the terms of any of the Loan Documents; (xii) the occurrence of any Default or Event of Default; and (xiii) any other
circumstance or happening whatsoever, whether or not similar to any of the foregoing. 
 §4.5 Computations. All
computations of interest on the Loans and of other fees to the extent applicable shall be based on a 360-day year (or a 365 day year in the case of Base Rate Loans) and paid for the actual number of days
elapsed. Except as otherwise provided in the definition of the term “Interest Period” with respect to LIBOR Rate Loans, whenever a payment hereunder or under any of the other Loan Documents becomes due on a day that is not a Business Day,
the due date for such payment shall be extended to the next succeeding Business Day, and interest shall accrue during such extension. The Outstanding Loans and Letter of Credit Liabilities as reflected on the records of the Agent from time to time
shall be considered prima facie evidence of such amount absent manifest error. 
 §4.6 Suspension of LIBOR Rate
Loans. In the event that, prior to the commencement of any Interest Period relating to any LIBOR Rate Loan, the Agent shall determine that 

  
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adequate and reasonable methods do not exist for ascertaining LIBOR for such Interest Period, or the Agent shall reasonably determine that LIBOR will not accurately and fairly reflect the cost of
the Lenders making or maintaining LIBOR Rate Loans for such Interest Period, the Agent shall forthwith give notice of such determination (which shall be conclusive and binding on the Borrower and the Lenders absent manifest error) to the Borrower
and the Lenders. In such event (a) any Loan Request with respect to a LIBOR Rate Loan shall be automatically withdrawn and shall be deemed a request for a Base Rate Loan and (b) each LIBOR Rate Loan will automatically, on the last day of
the then current Interest Period applicable thereto, become a Base Rate Loan, and the obligations of the Lenders to make LIBOR Rate Loans shall be suspended until the Agent determines that the circumstances giving rise to such suspension no longer
exist, whereupon the Agent shall so notify the Borrower and the Lenders. 
 §4.7 Illegality. Notwithstanding any
other provisions herein, if any present or future law, regulation, treaty or directive or the interpretation or application thereof shall make it unlawful, or any central bank or other governmental authority having jurisdiction over a Lender or its
LIBOR Lending Office shall assert that it is unlawful, for any Lender to make or maintain LIBOR Rate Loans, such Lender shall forthwith give notice of such circumstances to the Agent and the Borrower and thereupon (a) the commitment of the
Lenders to make LIBOR Rate Loans shall forthwith be suspended and (b) the LIBOR Rate Loans then outstanding shall be converted automatically to Base Rate Loans on the last day of each Interest Period applicable to such LIBOR Rate Loans or
within such earlier period as may be required by law. Notwithstanding the foregoing, before giving such notice, the applicable Lender shall designate a different lending office if such designation will void the need for giving such notice and will
not, in the judgment of such Lender, be otherwise materially disadvantageous to such Lender or increase any costs payable by the Borrower hereunder. 
 §4.8 Additional Interest. If any LIBOR Rate Loan or any portion thereof is repaid or is converted to a Base Rate Loan for any reason on a date which is prior to the last day of the Interest
Period applicable to such LIBOR Rate Loan, or if repayment of the Loans has been accelerated as provided in §12.1, the Borrower will pay to the Agent upon demand for the account of the applicable Lenders in accordance with their respective
Commitment Percentages (or to the Swing Loan Lender with respect to a Swing Loan), in addition to any amounts of interest otherwise payable hereunder, the Breakage Costs. The Borrower understands, agrees and acknowledges the following: (i) no
Lender has any obligation to purchase, sell and/or match funds in connection with the use of LIBOR as a basis for calculating the rate of interest on a LIBOR Rate Loan; (ii) LIBOR is used merely as a reference in determining such rate; and
(iii) the Borrower has accepted LIBOR as a reasonable and fair basis for calculating such rate and any Breakage Costs. The Borrower further agrees to pay the Breakage Costs, if any, whether or not a Lender elects to purchase, sell and/or match
funds. 
 §4.9 Additional Costs, Etc. Notwithstanding anything herein to the contrary, if any present or future
applicable law, which expression, as used herein, includes statutes, rules and regulations thereunder and interpretations thereof by any Governmental Authority charged with the administration or the interpretation thereof and requests, directives,
instructions and notices at any time or from time to time hereafter made upon or otherwise issued to any Lender or the Agent by any Governmental Authority (whether or not having the force of law), shall: 

(a) subject any Lender or the Agent to any tax, levy, impost, duty, charge, fee, deduction or withholding of any nature
with respect to this Agreement, the other Loan Documents, such Lender’s Commitment, a Letter of Credit or the Loans (other than taxes based upon or measured by the gross receipts, income or profits of such Lender or the Agent or its franchise
tax), or 

  
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 (b) materially change the basis of taxation (except for changes in taxes on
gross receipts, income or profits or its franchise tax) of payments to any Lender of the principal of or the interest on any Loans or any other amounts payable to any Lender under this Agreement or the other Loan Documents, or 

(c) impose or increase or render applicable any special deposit, compulsory loan, insurance charge, reserve, assessment,
liquidity, capital adequacy or other similar requirements (whether or not having the force of law and which are not already reflected in any amounts payable by the Borrower hereunder) against assets held by, or deposits in or for the account of, or
loans by, or commitments of an office of any Lender, or 
 (d) impose on any Lender or the Agent any other
conditions, cost, expense or requirements with respect to this Agreement, the other Loan Documents, the Loans, such Lender’s Commitment, a Letter of Credit or any class of loans or commitments of which any of the Loans or such Lender’s
Commitment forms a part; and the result of any of the foregoing is: 
 (i) to increase the cost to any Lender of making,
funding, issuing, renewing, extending, continuing, converting or maintaining any of the Loans, the Letters of Credit or such Lender’s Commitment, or 
 (ii) to reduce the amount of principal, interest or other amount payable to any Lender or the Agent hereunder on account of such Lender’s Commitment or any of the Loans or the Letters of Credit, or

 (iii) to require any Lender or the Agent to make any payment or to forego any interest or other sum payable hereunder, the
amount of which payment or foregone interest or other sum is calculated by reference to the gross amount of any sum receivable or deemed received by such Lender or the Agent from the Borrower hereunder, then, and in each such case, the Borrower
will, within fifteen (15) days of demand made by such Lender or (as the case may be) the Agent at any time and from time to time and as often as the occasion therefor may arise, pay to such Lender or the Agent such additional amounts as such
Lender or the Agent shall determine in good faith to be sufficient to compensate such Lender or the Agent for such additional cost, reduction, payment or foregone interest or other sum. Each Lender and the Agent in determining such amounts may use
any reasonable averaging and attribution methods generally applied by such Lender or the Agent. The Borrower’s obligations under this §4.9 shall survive the resignation or replacement of the Agent or any assignment of rights, by or the
replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all of the Obligations and the Hedge Obligations. Notwithstanding the foregoing, the Borrower shall not be required to compensate any Lender
pursuant to this §4.9 for any increased costs or reductions incurred more than 180 days prior to the date of such Lender’s demand. 

  
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 Notwithstanding anything herein to the contrary, the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules guidelines or directives thereunder or issued in connection therewith and all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on
Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a change in law, rule, regulation or guidelines or the
interpretation thereof for the purposes of this Section regardless of the date enacted, adopted or issued. 
 §4.10
Capital Adequacy. If after the date hereof any Lender determines that (a) the adoption of or change in any law, rule, regulation or guideline regarding capital or liquidity (including, without limitation, on account of Basel III)
requirements for banks or bank holding companies or any change in the interpretation or application thereof by any Governmental Authority charged with the administration thereof, or (b) compliance by such Lender or its parent bank holding
company with any guideline, request or directive of any such entity regarding capital adequacy or liquidity requirements (whether or not having the force of law), has the effect of reducing the return on such Lender’s or such holding
company’s capital as a consequence of such Lender’s commitment to make Loans or participate in Letters of Credit hereunder to a level below that which such Lender or holding company could have achieved but for such adoption, change or
compliance (taking into consideration such Lender’s or such holding company’s then existing policies with respect to capital adequacy or liquidity position and assuming the full utilization of such entity’s capital) by any amount
deemed by such Lender to be material, then such Lender may notify the Borrower thereof. The Borrower agrees to pay to such Lender the amount of such reduction in the return on capital as and when such reduction is determined, upon presentation by
such Lender of a statement of the amount setting forth the Lender’s calculation thereof. In determining such amount, such Lender may use any reasonable averaging and attribution methods generally applied by such Lender. The Borrower’s
obligations under this §4.10 shall survive the resignation or replacement of the Agent or any assignment of rights, by or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all of
the Obligations and the Hedge Obligations. Notwithstanding the foregoing, the Borrower shall not be required to compensate any Lender pursuant to this §4.10 for any such amounts incurred more than 180 days prior to the date of such
Lender’s demand. Notwithstanding anything herein to the contrary, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules guidelines or directives thereunder or issued in connection therewith and all requests,
rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel
III, shall in each case be deemed to be a change in law, rule, regulation or guidelines or the interpretation thereof for the purposes of this Section regardless of the date enacted, adopted or issued. 

§4.11 Breakage Costs. The Borrower shall pay all Breakage Costs required to be paid by them pursuant to this Agreement and
incurred from time to time by any Lender upon demand within fifteen (15) days from receipt of written notice from Agent, or such earlier date as may be required by this Agreement. 

  
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 §4.12 Default Interest. Following the occurrence and during the continuance of
any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all principal of the Loans and, to the extent permitted by applicable law, overdue installments of interest, shall bear
interest payable on demand at a rate per annum equal to three percent (3.0%) above an amount equal to the sum of the Base Rate plus the Applicable Margin (the “Default Rate”), until such amount shall be paid in full (after as well as
before judgment) and the fee payable with respect to Letters of Credit shall be increased to a rate equal to two percent (2.0%) above the Letter of Credit fee that would otherwise be applicable to such time, or if any of such amounts shall
exceed the maximum rate permitted by law, then at the maximum rate permitted by law. 
 §4.13 Certificate. A
certificate setting forth any amounts payable pursuant to §4.8, §4.9, §4.10, §4.11 or §4.12 and a reasonably detailed explanation of such amounts which are due, submitted by any Lender or the Agent to the Borrower, shall be
conclusive in the absence of manifest error. 
 §4.14 Limitation on Interest. Notwithstanding anything in this
Agreement or the other Loan Documents to the contrary, all agreements between or among the Borrower, the Lenders and the Agent, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no contingency,
whether by reason of acceleration of the maturity of any of the Obligations or otherwise, shall the interest contracted for, charged or received by the Lenders exceed the maximum amount permissible under applicable law. If, from any circumstance
whatsoever, interest would otherwise be payable to the Lenders in excess of the maximum lawful amount, the interest payable to the Lenders shall be reduced to the maximum amount permitted under applicable law; and if from any circumstance the
Lenders shall ever receive anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excessive interest shall be applied to the reduction of the principal balance of the Obligations and to the
payment of interest or, if such excessive interest exceeds the unpaid balance of principal of the Obligations, such excess shall be refunded to the Borrower. All interest paid or agreed to be paid to the Lenders shall, to the extent permitted by
applicable law, be amortized, prorated, allocated and spread throughout the full period until payment in full of the principal of the Obligations (including the period of any renewal or extension thereof) so that the interest thereon for such full
period shall not exceed the maximum amount permitted by applicable law. This Section shall control all agreements between or among the Borrower, the Lenders and the Agent. 
 §4.15 Certain Provisions Relating to Increased Costs and Non-Funding Lenders. If a Lender gives notice of the existence of the circumstances set forth in §4.7 or any Lender requests
compensation for any losses or costs to be reimbursed pursuant to any one or more of the provisions of §4.4(b) (as a result of the imposition of U.S. withholding taxes on amounts paid to such Lender under this Agreement), §4.9 or
§4.10, then, upon request of the Borrower, such Lender, as applicable, shall use reasonable efforts in a manner consistent with such institution’s practice in connection with loans like the Loan of such Lender to eliminate, mitigate or
reduce amounts that would otherwise be payable by the Borrower under the 

  
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foregoing provisions, provided that such action would not be otherwise prejudicial to such Lender, including, without limitation, by designating another of such Lender’s offices,
branches or affiliates; the Borrower agreeing to pay all reasonably incurred costs and expenses incurred by such Lender in connection with any such action. Notwithstanding anything to the contrary contained herein, if no Default or Event of Default
shall have occurred and be continuing, and if any Lender (a) has given notice of the existence of the circumstances set forth in §4.7 or has requested payment or compensation for any losses or costs to be reimbursed pursuant to any one or
more of the provisions of §4.4(b) (as a result of the imposition of U.S. withholding taxes on amounts paid to such Lender under this Agreement), §4.9 or §4.10 and following the request of the Borrower has been unable to take the steps
described above to mitigate such amounts (each, an “Affected Lender”) or (b) has failed to make available to Agent its pro rata share of any Loan or participation in a Letter of Credit or Swing Loan and such failure has not been cured
(a “Non-Funding Lender”), then, within thirty (30) days after such notice or request for payment or compensation or failure to fund, as applicable, the Borrower shall have the one-time right as to such Affected Lender or Non-Funding
Lender, as applicable, to be exercised by delivery of written notice delivered to the Agent and the Affected Lender or Non-Funding Lender, as applicable, within thirty (30) days of receipt of such notice or failure to fund, as applicable, to
elect to cause the Affected Lender or Non-Funding Lender, as applicable, to transfer its Commitment. The Agent shall promptly notify the remaining Lenders that each of such Lenders shall have the right, but not the obligation, to acquire a portion
of the Commitment, pro rata based upon their relevant Commitment Percentages, of the Affected Lender or Non-Funding Lender, as applicable (or if any of such Lenders does not elect to purchase its pro rata share, then to such remaining Lenders in
such proportion as approved by the Agent after consultation with the Borrower so long as no Default or Event of Default exists thereunder). In the event that the Lenders do not elect to acquire all of the Affected Lender’s or Non-Funding
Lender’s Commitment, then the Agent shall endeavor to obtain a new Lender to acquire such remaining Commitment. Upon any such purchase of the Commitment of the Affected Lender or Non-Funding Lender, as applicable, the Affected Lender’s or
Non-Funding Lender’s interest in the Obligations and its rights hereunder and under the Loan Documents shall terminate at the date of purchase, and the Affected Lender or Non-Funding Lender, as applicable, shall promptly execute all documents
reasonably requested to surrender and transfer such interest. The purchase price for the Affected Lender’s or Non-Funding Lender’s Commitment shall equal any and all amounts outstanding and owed by the Borrower to the Affected Lender or
Non-Funding Lender, as applicable, including principal, and all accrued and unpaid interest or fees. 
  

	§5.	UNENCUMBERED ASSET POOL. 

§5.1 Unsecured Obligations. The Lenders have agreed to make the Loans to the Borrower and issue Letters of Credit for the
account of the Borrower on an unsecured basis. Notwithstanding the foregoing, the Obligations shall be guaranteed pursuant to the terms of the Guaranty. 
 §5.2 Initial Unencumbered Asset Pool. As of the Closing Date, the parties hereto agree that the Real Estate identified on Schedule 1.6 are the Initial Unencumbered Asset Pool
Properties; provided, that if any Real Estate included as an Initial Unencumbered Asset Pool Property is Real Estate that does not satisfy the requirements in clauses (a)-(e) of the definition of “Eligible Real Estate” or in
§7.18(a), it shall cease to be included in the calculation of Unencumbered Asset Pool Availability if it fails to satisfy any such requirements in addition to those it failed to satisfy on the Closing Date. 

  
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 §5.3 Additional Subsidiary Guarantors. In the event that the Borrower shall
request that certain Real Estate of a Subsidiary of Parent Company be included in the Unencumbered Asset Pool and such Real Estate is approved for inclusion in the Unencumbered Asset Pool in accordance with the terms hereof, Parent Company shall
(i) cause each such Subsidiary (and any entity having an interest in such Subsidiary of Parent Company unless not required by the Agent) that directly or indirectly owns or that provides services to the Real Estate similar to those provided by
QTS Metro TRS at the Metro Property or which receives consideration from a tenant or licensee of such Real Estate, to execute and deliver to Agent a Guarantor Joinder Agreement, and such Subsidiary shall become an “Additional Subsidiary
Guarantor” hereunder. In addition, in the event any Subsidiary of the Borrower shall constitute a Material Subsidiary, the Borrower shall cause such Subsidiary, as a condition to such Subsidiary’s becoming a guarantor or other obligor with
respect to such other Unsecured Debt described therein, cause each such Subsidiary to execute and deliver to Agent a Joinder Agreement, and such Subsidiary shall become a Subsidiary Guarantor hereunder. Each such Additional Subsidiary Guarantor
shall be specifically authorized, in accordance with its respective organizational documents, to guarantee the Obligations and the Hedge Obligations and become a party to the Contribution Agreement. Parent Company shall further cause all
representations, covenants and agreements in the Loan Documents with respect to the Borrower and Guarantors to be true and correct with respect to each such Additional Subsidiary Guarantor, and the schedules to this Agreement shall be updated to
reflect the addition of such Subsidiary as a Guarantor. Without limiting the foregoing, each such Subsidiary shall be in compliance with the representations contained in §6.30, which may not be waived without the written consent of each Lender.
In connection with the delivery of any Guarantor Joinder Agreement, the Borrower shall deliver to the Agent such organizational agreements, resolutions, consents, opinions and other documents and instruments as the Agent may reasonably require.

 §5.4 Removal of Real Estate from the Unencumbered Asset Pool. Provided no Default or Event of Default shall have
occurred hereunder and be continuing (or would exist immediately after giving effect to the transactions contemplated by this §5.4) and the Borrower remains in compliance with the covenants set forth in §9, the Agent shall remove Real
Estate from the Unencumbered Asset Pool in connection with a sale, other disposition or refinance upon the request of the Borrower subject to and upon the following terms and conditions: 

(a) the Borrower shall deliver to the Agent and all of the Lenders a written notice of its desire to obtain such removal
no later than ten (10) days prior to the date on which such removal is to be effected; 
 (b) Parent Company
shall submit to the Agent with such request a Compliance Certificate prepared using the financial statements of Parent Company most recently provided or required to be provided to the Agent under §6.4 or §7.4 adjusted in the best good
faith estimate of Parent Company to give effect to the proposed removal and demonstrating that no Default or Event of Default with respect to the covenants referred to therein shall exist after giving effect to such removal; 

  
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 (c) [intentionally omitted]; and 

(d) the Borrower shall pay all reasonable out-of-pocket costs and expenses of the Agent in connection with such removal,
including without limitation, reasonable attorney’s fees. 
 Notwithstanding anything to the contrary contained in this
§5.4, the Borrower shall obtain the prior written consent of the Required Lenders prior to the removal of the Metro Property or the Suwanee Property from the Unencumbered Asset Pool other than pursuant to §7.18(c) or §7.18(d), or in
connection with the sale, other disposition or refinancing of such Real Estate so long as no Default or Event of Default shall have occurred hereunder and be continuing or in connection with refinancing or repayment of the Obligations and the return
of all Letters of Credit (other than Letters of Credit the expirations of which extend beyond the Letter of Credit Expiration Date as permitted under §2.10 and in respect to which the Borrower has satisfied the requirements of such section or
§2.12, as applicable) in full and termination of the obligation to provide additional Loans or issue additional Letters of Credit to the Borrower. 
 §5.5 Release of Certain Guarantors. In the event that (a) all Unencumbered Asset Pool Properties either owned by or serviced by a Subsidiary of Parent Company that is a Guarantor shall
have been removed from the Unencumbered Asset Pool in accordance with the terms of this Agreement, and (b) such Subsidiary Guarantor will not, upon giving effect to such requested release, be a guarantor of or otherwise liable with respect to
any other Unsecured Debt of the Parent Company or any of its Subsidiaries of the type described in the definition of Material Subsidiary which would require it to be a Guarantor, then such Guarantor shall be released by Agent from liability under
the Guaranty. The provisions of this §5.5 shall not apply to any Subsidiary of Parent Company which still owns or services an Unencumbered Asset Pool Property or any direct or indirect interest in an Unencumbered Asset Pool Property.

  

	§6.	REPRESENTATIONS AND WARRANTIES. 

The Borrower represents and warrants to the Agent and the Lenders as follows. 

§6.1 Corporate Authority, Etc. 
 (a) Incorporation; Good Standing. The Borrower is a Delaware limited partnership duly organized pursuant to its certificate of limited partnership filed with the Delaware Secretary of State, and is
validly existing and in good standing under the laws of Delaware. Each of the Subsidiary Guarantors is a corporation, limited partnership, general partnership, limited liability company or trust duly organized under the laws of its state of
organization and is validly existing and in good standing under the laws thereof. The Subsidiary Guarantors and Additional Subsidiary Guarantors, if any, (i) have all requisite power to own their respective property and conduct their respective
business as now conducted and as presently contemplated, and (ii) are in good standing and are duly authorized to do business in the jurisdictions where the Unencumbered Asset Pool Properties owned or leased by it are located and in each other
jurisdiction where a failure to be so qualified in such other jurisdiction could have a Material Adverse Effect. Following the occurrence of the IPO Event, REIT will be a corporation or real estate investment trust duly

  
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organized pursuant to articles of incorporation or declaration of trust filed in its jurisdiction of organization, and is validly existing and in good standing under the laws of its jurisdiction
of organization. Following the occurrence of the IPO Event, REIT shall conduct its business in a manner which enables it to qualify as a real estate investment trust under, and to be entitled to the benefits of, §856 of the Code, and will elect
to be treated as and is entitled to the benefits of a real estate investment trust thereunder. 
 (b)
Subsidiaries. Each of the Subsidiaries of the Parent Company that is not the Borrower or a Subsidiary Guarantor (i) is a corporation, limited partnership, general partnership, limited liability company or trust duly organized under the
laws of its State of organization and is validly existing and in good standing under the laws thereof, (ii) has all requisite power to own its property and conduct its business as now conducted and as presently contemplated and (iii) is in
good standing and is duly authorized to do business in each jurisdiction where a failure to be so qualified could have a Material Adverse Effect. 
 (c) Authorization. The execution, delivery and performance of this Agreement and the other Loan Documents to which the Borrower or a Guarantor is a party and the transactions contemplated hereby
and thereby (i) are within the authority of such Person, (ii) have been duly authorized by all necessary proceedings on the part of such Person, (iii) do not and will not conflict with or result in any breach or contravention of any
provision of law, statute, rule or regulation to which such Person is subject or any judgment, order, writ, injunction, license or permit applicable to any such Person, (iv) do not and will not conflict with or constitute a default (whether
with the passage of time or the giving of notice, or both) under any provision of the partnership agreement, articles of incorporation or other charter documents or bylaws of, or any material agreement or other instrument binding upon, any such
Person or any of its properties, (v) do not and will not result in or require the imposition of any lien or other encumbrance on any of the properties, assets or rights of any such Person other than the liens and encumbrances in favor of Agent
contemplated by this Agreement and the other Loan Documents, and (vi) do not require the approval or consent, except as stated on Schedule 1.4, of any Person other than those already obtained and delivered to Agent. 

(d) Enforceability. The execution and delivery of this Agreement and the other Loan Documents to which any of the
Borrower or the Guarantors is a party are valid and legally binding obligations of such Person enforceable in accordance with the respective terms and provisions hereof and thereof, except as enforceability is limited by bankruptcy, insolvency,
reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights and general principles of equity. 
 §6.2 Governmental Approvals. The execution, delivery and performance of this Agreement and the other Loan Documents to which the Borrower or any Guarantor is a party and the transactions
contemplated hereby and thereby do not require the approval or consent of, or filing or registration with, or the giving of any notice to, any court, department, board, governmental agency or authority other than those already obtained. 

§6.3 Title to Properties. Except as indicated on Schedule 6.3 hereto, Parent Company and its Subsidiaries own or
lease all of the assets reflected in the consolidated balance sheet of Parent Company as of the Balance Sheet Date or acquired or leased since that date (except property and assets sold or otherwise disposed of in the ordinary course or otherwise
permitted hereunder since that date) subject to no Liens except Permitted Liens. 

  
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 §6.4 Financial Statements. Parent Company has furnished to Agent: (a) the
consolidated balance sheet of Parent Company and its Subsidiaries as of the Balance Sheet Date and the related consolidated statement of income and cash flow for the calendar quarter then ended certified by the chief financial or accounting officer
of Parent Company, (b) as of the Closing Date, an unaudited statement of Net Operating Income for the Unencumbered Asset Pool Properties for the period ending March 31, 2013 reasonably satisfactory in form to the Agent and certified by the
chief financial or accounting officer of Parent Company as fairly presenting, in all material respects, the Net Operating Income for such Real Estate for such periods, and (c) certain other financial information relating to the Guarantors, the
Borrower and the Real Estate (including, without limitation, the Unencumbered Asset Pool Properties). Such balance sheet and statements have been prepared in accordance with generally accepted accounting principles, except as disclosed therein and
approved by Agent in its reasonable discretion and fairly present, in all material respects, the consolidated financial condition of Parent Company and its Subsidiaries as of such dates and the consolidated results of the operations of Parent
Company and its Subsidiaries for such periods. As of the Closing Date, there is no Indebtedness of Parent Company or any of its Subsidiaries involving material amounts not disclosed in said financial statements and the related notes thereto.

 §6.5 No Material Changes. Since the date of the most recent fiscal year end audited financial statements
delivered to Agent and the Lenders prior to Closing or pursuant to §7.4, as applicable, there has occurred no materially adverse change in the financial condition, prospects or business of Parent Company and its Subsidiaries taken as a whole as
shown on or reflected in the consolidated balance sheet of Parent Company as of the Balance Sheet Date, or its consolidated statement of income or cash flows for the calendar year then ended, other than changes in the ordinary course of business
that have not and could not reasonably be expected to have a Material Adverse Effect. As of the date hereof, except as set forth on Schedule 6.5 hereto, there has occurred no materially adverse change in the financial condition,
prospects, operations or business activities of any of the Unencumbered Asset Pool Properties from the condition shown on the statements of income delivered to the Agent pursuant to §6.4 other than changes in the ordinary course of business
that have not had any materially adverse effect either individually or in the aggregate on the business, prospects, operation or financial condition of such Unencumbered Asset Pool Properties. 

§6.6 Franchises, Patents, Copyrights, Etc. The Borrower, Guarantors and their respective Subsidiaries possess all franchises,
patents, copyrights, trademarks, trade names, service marks, licenses and permits, and rights in respect of the foregoing, adequate for the conduct of their business substantially as now conducted without known conflict with any rights of others.

 §6.7 Litigation. Except as stated on Schedule 6.7, as of the Closing Date, there are no actions,
suits, proceedings or investigations of any kind pending or to the knowledge of the Borrower or the Guarantors threatened against the Borrower, any Guarantor or any of their respective Subsidiaries before any court, tribunal, arbitrator, mediator or
administrative agency or board which question the validity of this Agreement or any of the other Loan Documents, 

  
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any action taken or to be taken pursuant hereto or thereto or any lien, security title or security interest created or intended to be created pursuant hereto or thereto, or which if adversely
determined could reasonably be expected to have a Material Adverse Effect. Except as stated on Schedule 6.7, as of the Closing Date, there are no judgments, final orders or awards outstanding against or affecting the Borrower, any
Guarantor or any of their respective Subsidiaries or any of the Unencumbered Asset Pool Properties individually or in the aggregate in excess of $10,000,000.00. 
 §6.8 No Material Adverse Contracts, Etc. Neither the Borrower, the Guarantors nor any of their respective Subsidiaries is subject to any charter, corporate or other legal restriction, or any
judgment, decree, order, rule or regulation that has or is expected in the future to have a Material Adverse Effect. Neither the Borrower, the Guarantors nor any of their respective Subsidiaries is a party to any contract or agreement that has or
could reasonably be expected to have a Material Adverse Effect. 
 §6.9 Compliance with Other Instruments, Laws,
Etc. Neither the Borrower, the Guarantors nor any of their respective Subsidiaries is in violation of any provision of its charter or other organizational documents, bylaws, or any agreement or instrument to which it is subject or by which it or
any of its properties is bound or any decree, order, judgment, statute, license, rule or regulation, in any of the foregoing cases in a manner that has had or could reasonably be expected to have a Material Adverse Effect. 

§6.10 Tax Status. Each of the Borrower, the Guarantors and their respective Subsidiaries (a) has made or filed all
federal and state income and all other tax returns, reports and declarations required by any jurisdiction to which it is subject or has obtained an extension for filing, (b) has paid prior to delinquency all taxes and other governmental
assessments and charges shown or determined to be due on such returns, reports and declarations, except those being contested in good faith and by appropriate proceedings and (c) has set aside on its books provisions reasonably adequate for the
payment of all taxes for periods subsequent to the periods to which such returns, reports or declarations apply. There are no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction. There are no audits
pending or to the knowledge of the Borrower or the Guarantors threatened with respect to any tax returns filed by the Borrower, Guarantors or their respective Subsidiaries. The taxpayer identification number for the Borrower is 27-0707288. There are
no unpaid or outstanding real estate or other taxes or assessments on or against any of the Unencumbered Asset Pool Properties which are payable by the Borrower or any Guarantor (except only real estate or other taxes or assessments, that are not
yet delinquent or are being protested as permitted by this Agreement). Each of the Unencumbered Asset Pool Properties is separately assessed for purposes of real estate tax assessment and payment. There are no unpaid or outstanding real estate or
other taxes or assessments on or against any property of the Borrower, the Guarantors or any of their respective Subsidiaries which are payable by any of such Persons in any material amount (except only real estate or other taxes or assessments,
that are not yet delinquent or are being protested as permitted by this Agreement). 
 §6.11 No Event of Default. No
Default or Event of Default has occurred and is continuing. 

  
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 §6.12 Investment Company Act. Neither Parent Company nor any of its Subsidiaries
is an “investment company”, or an “affiliated company” or a “principal underwriter” of an “investment company”, as such terms are defined in the Investment Company Act of 1940. 

§6.13 Absence of UCC Financing Statements, Etc. Except with respect to Permitted Liens or as disclosed on the lien search
reports delivered to and approved by the Agent, there is no financing statement (excluding any financing statements that may be filed against the Borrower or any Guarantors or their respective Subsidiaries without the consent or agreement of such
Persons), security agreement, chattel mortgage, real estate mortgage, other document or other Lien filed or recorded with any applicable filing records, registry, or other public office, that purports to cover, affect or give notice of any present
or possible future lien on, or security interest or security title in, any property of the Borrower or any Guarantor or their respective Subsidiaries or rights thereunder. 
 §6.14 [Intentionally Omitted.] 
 §6.15 Certain
Transactions. Except as disclosed on Schedule 6.15 hereto, none of the partners, officers, trustees, managers, members, directors, or employees of the Borrower, or of any Guarantor or any of their respective Subsidiaries is, nor
shall any such Person become, a party to any transaction with the Borrower, or any Guarantor or any of their respective Subsidiaries or Affiliates (other than for services as partners, managers, members, employees, officers and directors), including
any agreement or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring payments to or from any partner, officer, trustee, director or such employee
or, to the knowledge of the Borrower, the Guarantors, any corporation, partnership, trust or other entity in which any partner, officer, trustee, director, or any such employee has a substantial interest or is an officer, director, trustee or
partner, except as permitted by §8.13. 
 §6.16 Employee Benefit Plans. The Borrower, each Guarantor and each
ERISA Affiliate has fulfilled its obligation, if any, under the minimum funding standards of ERISA and the Code with respect to each Employee Benefit Plan, Multiemployer Plan or Guaranteed Pension Plan and is in compliance in all material respects
with the presently applicable provisions of ERISA and the Code with respect to each Employee Benefit Plan, Multiemployer Plan or Guaranteed Pension Plan, except for those insignificant operational failures that could be corrected through voluntary
self-correction programs currently offered by the IRS and United States Department of Labor. Neither the Borrower, any Guarantor nor any ERISA Affiliate has (a) sought a waiver of the minimum funding standard under §412 of the Code in
respect of any Employee Benefit Plan, Multiemployer Plan or Guaranteed Pension Plan, (b) failed to make any contribution or payment to any Employee Benefit Plan, Multiemployer Plan or Guaranteed Pension Plan, or made any amendment to any
Employee Benefit Plan, Multiemployer Plan or Guaranteed Pension Plan, which has resulted or could result in the imposition of a Lien or the posting of a bond or other security under ERISA or the Code, or (c) incurred any liability under
Title IV of ERISA other than a liability to the PBGC for premiums under §4007 of ERISA. None of the Unencumbered Asset Pool Properties constitutes a “plan asset” of any Employee Benefit Plan, Multiemployer Plan or Guaranteed
Pension Plan. 

  
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 §6.17 Disclosure. All of the representations and warranties made by or on behalf
of the Borrower, the Guarantors and their respective Subsidiaries in this Agreement and the other Loan Documents or any document or instrument delivered to the Agent or the Lenders pursuant to or in connection with any of such Loan Documents are
true and correct in all material respects. All information contained in this Agreement, the other Loan Documents or otherwise furnished to or made available to the Agent or the Lenders by or on behalf of the Borrower, any Guarantor or any of their
respective Subsidiaries was, at the time so furnished, true and correct in all material respects and did not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein not
misleading, or has been subsequently supplemented by other written information, reports or other papers or data, to the extent necessary to give in all material respects a true and accurate knowledge of the subject matter in all material respects;
provided that such representation shall not apply to (a) the accuracy of any appraisal, title commitment, survey, or engineering and environmental reports prepared by third parties or legal conclusions or analysis provided by the
Borrower’s and the Guarantors’ counsel (although the Borrower and the Guarantors have no reason to believe that the Agent and the Lenders may not rely on the accuracy thereof) or (b) budgets, projections and other forward-looking
speculative information prepared in good faith by the Borrower and the Guarantors (except to the extent the related assumptions were when made manifestly unreasonable). The written information, reports and other papers and data with respect to the
Borrower, the Guarantors, any Subsidiary or the Unencumbered Asset Pool Properties (other than projections and estimates) furnished to the Agent or the Lenders in connection with this Agreement or the obtaining of the Commitments of the Lenders
hereunder was, at the time so furnished, complete and correct in all material respects, or has been subsequently supplemented by other written information, reports or other papers or data, to the extent necessary to give in all material respects a
true and accurate knowledge of the subject matter in all material respects; provided that such representation shall not apply to (a) the accuracy of any appraisal, title commitment, survey, or engineering and environmental reports
prepared by third parties or legal conclusions or analysis provided by the Borrower’s and the Guarantors’ counsel (although the Borrower and the Guarantors have no reason to believe that the Agent and the Lenders may not rely on the
accuracy thereof) or (b) budgets, projections and other forward-looking speculative information prepared in good faith by the Borrower and the Guarantors (except to the extent the related assumptions were when made manifestly unreasonable).

 §6.18 Trade Name; Place of Business. Except as set forth on Schedule 6.18, neither the Borrower nor any
Guarantor uses any trade name and conducts business under any name other than its actual name set forth in the Loan Documents. The principal place of business of the Borrower and Guarantors is 12851 Foster Street, Suite 205, Overland Park, Kansas
66213. 
 §6.19 Regulations T, U and X. No portion of any Loan is to be used for the purpose of purchasing or
carrying any “margin security” or “margin stock” as such terms are used in Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 220, 221 and 224. Neither the Borrower nor any Guarantor
is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any “margin security” or “margin stock” as such terms are used in
Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 220, 221 and 224. 

  
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 §6.20 Environmental Compliance. The Borrower and Guarantors have taken all
commercially reasonable steps to investigate the past and present conditions and usage of the Real Estate and the operations conducted thereon and, except as specifically set forth in the written environmental site assessment reports of the
Environmental Engineer provided to the Agent on or before the date hereof except as otherwise agreed to in writing by Agent, or in the case of Unencumbered Asset Pool Properties acquired after the date hereof, the environmental site assessment
reports with respect thereto provided to the Agent, makes the following representations and warranties except as set forth on Schedules 6.20(c) or (d): 

(a) Neither the Borrower, the Guarantors, their respective Subsidiaries nor to the knowledge of the Borrower and
Guarantors any operator of the Real Estate, nor any tenant or licensee or operations thereon, is in violation, or alleged violation, of any judgment, decree, order, law, license, rule or regulation pertaining to environmental matters, including
without limitation, those arising under any Environmental Law, which violation (i) involves Real Estate (other than the Unencumbered Asset Pool Properties) and has had or could reasonably be expected to have a Material Adverse Effect or
(ii) involves an Unencumbered Asset Pool Property and has had or could reasonably be expected, when taken together with other matters covered by this §6.20 and §8.6, to result in liability, clean up, remediation, containment,
correction or other costs to the Borrower or any Guarantor individually or in the aggregate with other Unencumbered Asset Pool Properties in excess of $6,000,000.00 or could reasonably be expected to materially adversely affect the operation of or
ability to use such Unencumbered Asset Pool Property (a “Material Environmental Matter”). 
 (b)
Neither the Borrower, the Guarantors nor any of their respective Subsidiaries has received notice from any third party including, without limitation, any federal, state or local governmental authority, (i) that it has been identified by the
United States Environmental Protection Agency (“EPA”) as a potentially responsible party under CERCLA with respect to a site listed on the National Priorities List, 40 C.F.R. Part 300 Appendix B (1986); (ii) that any Hazardous
Substance(s) which it has generated, transported or disposed of have been found at any site at which a federal, state or local agency or other third party has conducted or has ordered that the Borrower, any Guarantor or any of their respective
Subsidiaries conduct a remedial investigation, removal or other response action pursuant to any Environmental Law; or (iii) that it is or shall be a named party to any claim, action, cause of action, complaint, or legal or administrative
proceeding (in each case, contingent or otherwise) arising out of any third party’s incurrence of costs, expenses, losses or damages of any kind whatsoever in connection with the release of Hazardous Substances, which in any case
(A) involves Real Estate other than an Unencumbered Asset Pool Property and has had or could reasonably be expected to have a Material Adverse Effect or (B) involves an Unencumbered Asset Pool Property and is not and could not reasonably
be expected to be a Material Environmental Matter. 
 (c) (i) No portion of the Real Estate has been used
for the handling, processing, storage or disposal of Hazardous Substances except in accordance with applicable Environmental Laws, and no underground tank or other underground storage receptacle for Hazardous Substances is located on any portion of
the Real Estate except those which are being operated and maintained in material compliance with Environmental Laws; (ii) in the course of any activities conducted by the Borrower, the Guarantors, their respective

  
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Subsidiaries or, to the knowledge of the Borrower and Guarantors, the tenants, licensees and operators of their properties, no Hazardous Substances have been generated or are being used on the
Real Estate except in the ordinary course of business and in material compliance with applicable Environmental Laws; (iii) there has been no past or present releasing, spilling, leaking, pumping, pouring, emitting, emptying, discharging,
injecting, escaping, disposing or dumping (other than the storing of materials in reasonable quantities to the extent necessary for the operation of data centers of the type and size of those owned by the Borrower, Guarantors and their respective
Subsidiaries in the ordinary course of their business, and in any event in compliance with all Environmental Laws) (a “Release”) or threatened Release of Hazardous Substances on, upon, into or from the Unencumbered Asset Pool Properties,
which Release is or could reasonably be expected, to be a Material Environmental Matter, or from any other Real Estate, which Release has had or could reasonably be expected to have a Material Adverse Effect; (iv) there have been no Releases
on, upon, from or into any real property in the vicinity of any of the Real Estate which, through soil or groundwater contamination, may have come to be located on, and which could be reasonably anticipated to have a material adverse effect on the
value of, the Real Estate; and (v) any Hazardous Substances that have been generated on any of the Real Estate have been transported off-site in accordance with all applicable Environmental Laws (except
with respect to the foregoing in this §6.20(c): (A) as to any Real Estate (other than the Unencumbered Asset Pool Properties) where the foregoing has not had or could not reasonably be expected to have a Material Adverse Effect) and
(B) as to any Unencumbered Asset Pool Property where the foregoing is not or could not reasonably be expected to be a Material Environmental Matter. 
 (d) Except as set forth on Schedule 6.20(d), neither the Borrower, the Guarantors, their respective Subsidiaries nor the Real Estate is subject to any applicable Environmental Law requiring
the performance of Hazardous Substances site assessments, or the removal or remediation of Hazardous Substances, or the giving of notice to any governmental agency or the recording or delivery to other Persons of an environmental disclosure document
or statement in each case by virtue of the transactions set forth herein and contemplated hereby, or as a condition to the effectiveness of the transactions contemplated hereby except for such matters that shall be complied with as of the Closing
Date. 
 (e) There are no existing or closed sanitary landfills, solid waste disposal sites, or hazardous waste
treatment, storage or disposal facilities on or, to the Borrower’s and the Guarantors’ actual knowledge, affecting the Real Estate except where such existence: (A) as to any Real Estate other than an Unencumbered Asset Pool Property
has not had or could not reasonably be expected to have a Material Adverse Effect and (B) as to any Unencumbered Asset Pool Property is not or could not reasonably be expected to be a Material Environmental Matter. 

(f) Neither the Borrower nor any Guarantors have received any written notice of any claim by any party that any use,
operation, or condition of the Real Estate has caused any nuisance or any other liability or adverse condition on any other property which: (A) as to any Real Estate other than an Unencumbered Asset Pool Property has had or could reasonably be
expected to have a Material Adverse Effect and (B) as to any Unencumbered Asset Pool Property is or could reasonably be expected to be a Material Environmental Matter, nor is there any knowledge of any basis for such a claim. 

  
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 §6.21 Subsidiaries; Organizational Structure. Schedule 6.21(a) sets
forth, as of the date hereof, all of the Subsidiaries of Parent Company, the form and jurisdiction of organization of each of the Subsidiaries, and the owners of the direct and indirect ownership interests therein. Schedule 6.21(b) sets
forth, as of the date hereof, all of the Unconsolidated Affiliates of Parent Company and its Subsidiaries, the form and jurisdiction of organization of each of the Unconsolidated Affiliates, Parent Company’s or its Subsidiary’s ownership
interest therein and the other owners of the applicable Unconsolidated Affiliate. No Person owns any legal, equitable or beneficial interest in any of the Persons set forth on Schedules 6.21(a) and 6.21(b) except as set forth on
such Schedules. Each Subsidiary Guarantor is a Wholly Owned Subsidiary of the Borrower. 
 §6.22 Leases. The Leases
and any amendments thereto provided by the Borrower to Agent with respect to each Unencumbered Asset Pool Property are true, correct and complete copies as of the date of inclusion of such Unencumbered Asset Pool Property in the Unencumbered Asset
Pool. An accurate and complete Rent Roll as of the date of inclusion of each Unencumbered Asset Pool Property in the Unencumbered Asset Pool with respect to all Leases of any portion of the Unencumbered Asset Pool Properties has been provided to the
Agent. The Leases previously delivered to Agent as described in the preceding sentence constitute as of the date thereof the sole agreements relating to leasing or licensing of space at such Unencumbered Asset Pool Property and in the Building
relating thereto. As of the date of delivery of such Rent Roll upon inclusion of a Unencumbered Asset Pool Property in the Unencumbered Asset Pool, no tenant or licensee under any Lease is entitled to any free rent, partial rent, rebate of rent
payments, credit, offset or deduction in rent, including, without limitation, lease support payments or lease buy-outs, except as reflected in such Rent Roll. Except as set forth in Schedule 6.22, the Leases reflected therein are, as of
the date of inclusion of the applicable Unencumbered Asset Pool Property in the Unencumbered Asset Pool, in full force and effect in accordance with their respective terms, (b) without any payment default or to the knowledge of the Borrower and
the Guarantors any other material default thereunder, nor to the knowledge of the Borrower and the Guarantors are there any defenses, counterclaims, offsets, concessions or rebates available to any tenant or licensee thereunder, and except as
reflected in Schedule 6.22, the Borrower has not given or made, any notice of any payment or other material default, or any claim, which remains uncured or unsatisfied, with respect to any of the Leases, and to the knowledge of the
Borrower and the Guarantors there is no basis for any such claim or notice of material default by tenant or licensee. No property other than the Unencumbered Asset Pool Properties which is the subject of the applicable Lease is necessary to comply
with the requirements (including, without limitation, parking requirements) contained in such Lease. The Borrower or a Subsidiary Guarantor is the holder of the lessor’s, landlord’s or licensor’s interest in and to all of the Leases
of the Unencumbered Asset Pool Properties owned by it, except that both a Subsidiary Guarantor and Borrower hold the lessor’s, landlord’s or licensor’s interests in the agreements described in the definition of “Nokia
Agreement” in §1.1. 
 §6.23 Property. All of the Unencumbered Asset Pool Properties, and all major
building systems located thereon, are structurally sound, in good condition and working order and free 

  
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from material defects, subject to ordinary wear and tear, except for such portion of such Real Estate which is not occupied by any tenant or licensee and which may not be in final working order
pending final build-out of such space. All of the other Real Estate of the Borrower, the Guarantors and their respective Subsidiaries is structurally sound, in good condition and working order, subject to ordinary wear and tear, except for such
portion of such Real Estate which is not occupied by any tenant or licensee and where such defects have not had and could not reasonably be expected to have a Material Adverse Effect. Each of the Unencumbered Asset Pool Properties, and the use and
operation thereof, is in material compliance with all applicable federal and state law and governmental regulations and any local ordinances, orders or regulations, including without limitation, laws, regulations and ordinances relating to zoning,
building codes, subdivision, fire protection, health, safety, handicapped access, historic preservation and protection, wetlands, tidelands, and Environmental Laws. All water, sewer, electric, gas, telephone and other utilities necessary for the use
and operation of the Unencumbered Asset Pool Properties are installed to the property lines of the Unencumbered Asset Pool Properties through dedicated public rights of way or through perpetual private easements approved by the Agent and, except in
the case of drainage facilities, are connected to the Building located thereon with valid permits and are adequate to service the Building in compliance with applicable law. The streets abutting the Unencumbered Asset Pool Properties are dedicated
and accepted public roads, to which the Unencumbered Asset Pool Properties have direct access by trucks and other motor vehicles and by foot, or are perpetual private ways (with direct access by trucks and other motor vehicles and by foot to public
roads) to which the Unencumbered Asset Pool Properties have direct access approved by the Agent. All private ways providing access to the Unencumbered Asset Pool Properties are zoned in a manner which will permit access to the Building over such
ways by trucks and other commercial and industrial vehicles. There are no pending, or to the knowledge of the Borrower and the Guarantors threatened or contemplated, eminent domain proceedings against any of the Unencumbered Asset Pool Properties.
There are no pending eminent domain proceedings against any other property of the Borrower, the Guarantors or their respective Subsidiaries or any part thereof, and, to the knowledge of the Borrower and the Guarantors, no such proceedings are
presently threatened or contemplated by any taking authority which may individually or in the aggregate have any Material Adverse Effect. As of the date of the inclusion of an Unencumbered Asset Pool Property into the Unencumbered Asset Pool, no
Unencumbered Asset Pool Properties are damaged as a result of any fire, explosion, accident, flood or other casualty except as disclosed in writing to Agent. None of the other property of the Borrower, the Guarantors or their respective Subsidiaries
is now damaged as a result of any fire, explosion, accident, flood or other casualty in any manner which individually or in the aggregate has had or could reasonably be expected to have any Material Adverse Effect. Neither the Borrower, the
Guarantors nor their respective Subsidiaries has received any outstanding written notice from any insurer or its agent requiring performance of any work with respect to any of the Unencumbered Asset Pool Properties or canceling or threatening to
cancel any policy of insurance, and each of the Unencumbered Asset Pool Properties complies with the material requirements of all of the Borrower’s and the Guarantors’ insurance carriers. Except as listed on Schedule 6.23, the
Borrower has no Management Agreements for any of the Unencumbered Asset Pool Properties as of the date of inclusion of such Unencumbered Asset Pool Property in the Unencumbered Asset Pool. To the knowledge of the Borrower and the Guarantors, there
are no material claims in respect of any Unencumbered Asset Pool Property or its operation by any party to any service 

  
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agreement or Management Agreement. Except as set forth in Schedule 6.23, as of the date of inclusion of such Unencumbered Asset Pool Property in the Unencumbered Asset Pool, there are no
Material Agreements pertaining to any Unencumbered Asset Pool Property, any Building thereon or the operation or maintenance of either thereof other than as described in this Agreement (including the Schedules hereto) or any title policies,
commitments or reports with respect thereto and except as set forth on Schedule 6.23, as of the date of inclusion of such Unencumbered Asset Pool Property in the Unencumbered Asset Pool, the Borrower or a Subsidiary Guarantor is a party to
each such Material Agreement; and no person or entity has any right or option to acquire any Unencumbered Asset Pool Property or any Building thereon or any portion thereof or interest therein. 

§6.24 Brokers. Neither the Borrower, the Guarantors nor any of their respective Subsidiaries has engaged or otherwise dealt
with any broker, finder or similar entity in connection with this Agreement or the Loans contemplated hereunder. 
 §6.25
Other Debt. Neither the Borrower, the Guarantors nor any of their respective Subsidiaries is in default of the payment of any Indebtedness or the performance of any related agreement, mortgage, deed of trust, security agreement, financing
agreement or indenture to which any of them is a party where such default would result in a Default or Event of Default hereunder. Neither the Borrower, the Guarantors or any of their respective Subsidiaries is a party to or bound by any agreement,
instrument or indenture that may require the subordination in right or time or payment of any of the Obligations to any other indebtedness or obligation of any such Person. Schedule 6.25 hereto sets forth all agreements, mortgages, deeds
of trust, financing agreements or other material agreements binding upon the Borrower, the Guarantors or any of their respective Subsidiaries or their respective properties and entered into by such Person as of the date of this Agreement with
respect to any Indebtedness of such Person in an amount greater than $1,000,000.00, and the Borrower and Guarantors have provided the Agent if requested with true, correct and complete copies thereof. 

§6.26 Solvency. As of the Closing Date and after giving effect to the transactions contemplated by this Agreement and the
other Loan Documents, including all Loans made or to be made hereunder, neither the Borrower nor the Guarantors are insolvent on a balance sheet basis such that the sum of such Person’s assets exceeds the sum of such Person’s liabilities,
the Borrower and each Guarantor is able to pay its debts as they become due, and the Borrower and each Guarantor has sufficient capital to carry on its business. 
 §6.27 No Bankruptcy Filing. Neither the Borrower nor the Guarantors is contemplating either the filing of a petition by it under any state or federal bankruptcy or insolvency laws or the
liquidation of its assets or property, and neither the Borrower nor the Guarantors have knowledge of any Person contemplating the filing of any such petition against it. 
 §6.28 No Fraudulent Intent. Neither the execution and delivery of this Agreement or any of the other Loan Documents nor the performance of any actions required hereunder or thereunder is being
undertaken by the Borrower, any Guarantor or any of their respective Subsidiaries with or as a result of any actual intent by any of such Persons to hinder, delay or defraud any entity to which any of such Persons is now or will hereafter become
indebted. 

  
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 §6.29 Transaction in Best Interests of the Borrower; Consideration. The
transaction evidenced by this Agreement and the other Loan Documents is in the best interests of the Borrower and the Guarantors. The direct and indirect benefits to inure to the Borrower and Guarantors pursuant to this Agreement and the other Loan
Documents constitute substantially more than “reasonably equivalent value” (as such term is used in §548 of the Bankruptcy Code) and “valuable consideration,” “fair value,” and “fair consideration,” (as
such terms are used in any applicable state fraudulent conveyance law), in exchange for the benefits to be provided by the Borrower, the Guarantors and their respective Subsidiaries pursuant to this Agreement and the other Loan Documents. The
Borrower and Guarantors further acknowledge and agree that the Borrower and Guarantors constitute a single integrated and common enterprise and that each receives a benefit from the availability of credit under this Agreement. 

§6.30 OFAC. Neither the Borrower, the Guarantors nor their respective Subsidiaries is (or will be) a person with whom any
Lender is restricted from doing business under OFAC (including those Persons named on OFAC’s Specially Designated and Blocked Persons list) or under any statute, executive order (including the September 24, 2001 Executive Order Blocking
Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action and is not and shall not engage in any dealings or transactions or otherwise be associated with such persons. In
addition, the Borrower hereby agrees to provide to the Lenders any additional information that a Lender reasonably deems necessary from time to time in order to ensure compliance with all applicable laws concerning money laundering and similar
activities. 
 §6.31 Metro Ground Lease. 

(a) The Metro Ground Lease contains the entire agreement of the Authority and QIPM pertaining to the Metro Property
covered thereby. QIPM has no estate, right, title or interest in or to the Metro Property except under and pursuant to the Metro Ground Lease. The Loan Parties have delivered a true and correct copy of the Metro Ground Lease to the Agent and the
Metro Ground Lease has not been modified, amended or assigned, with the exception of written instruments that have been recorded in the real estate records of Fulton County, Georgia. 

(b) The Authority is the exclusive fee simple owner of the Metro Property, subject only to the Metro Ground Lease and all
Liens and other matters disclosed in the applicable title report for the Metro Property subject to the Metro Ground Lease, and the Authority is the sole owner of the lessor’s interest in the Metro Ground Lease. 

(c) There are no rights to terminate the Metro Ground Lease other than the Authority’s right to terminate by reason
of default, casualty, condemnation or other reasons, in each case as expressly set forth in the Metro Ground Lease. 
 (d) The Metro Ground Lease is in full force and effect and, to QIPM’s knowledge, no material breach or default or event that with the giving of notice or passage of time would constitute a breach or
default under the Metro Ground Lease (a “Metro Ground Lease Default”) exists or has occurred on the part of the QIPM or on the part of the Authority under the Metro Ground Lease. All base rent and additional rent, if any, due and payable

  
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under the Metro Ground Lease has been paid through the date hereof and QIPM is not required to pay any deferred or accrued rent after the date hereof under the Metro Ground Lease. QIPM has not
received any written notice that a Metro Ground Lease Default has occurred or exists, or that the Authority or any third party alleges the same to have occurred or exist. 

(e) QIPM is the exclusive owner of the ground lessee’s interest under and pursuant to the Metro Ground Lease and has
not assigned, transferred or encumbered its interest in, to, or under the Metro Ground Lease, except as permitted in §8.2(i)(A), (iv) and (v). 
 (f) No rent payments are due under the Metro Ground Lease so long as the ground lessee is also the holder of that certain Taxable Industrial Development Revenue Bond (Quality Investment Properties Atlanta
Tech Centre South, L.L.C. Project), Series 2006 (the “Bond”). There are no defaults under the Bond. The principal amount outstanding under the Bond as of the date hereof is $27,000,000. QIPM is and shall remain the sole owner of the Bond.

 §6.32 Other Ground Leases. 
 (a) Each Ground Lease other than the Metro Ground Lease, if any, contains the entire agreement of (i) the Borrower or applicable Subsidiary Guarantor and (ii) the applicable owner of the fee
interest in such Unencumbered Asset Pool Property (the “Fee Owner”) or the applicable lessee (the “Sublessor”) under a master ground lease between such Sublessor and the Fee Owner pertaining to the Unencumbered Asset Pool
Property covered thereby. The Borrower or applicable Subsidiary Guarantor has no estate, right, title or interest in or to the Unencumbered Asset Pool Property affected by such other Ground Leases except under and pursuant to such Ground Lease. The
Borrower has delivered a true and correct copies of each Ground Lease, if any, to the Agent and such Ground Leases have not been modified, amended or assigned, with the exception of written instruments that have been recorded in the applicable real
estate records and referenced in any title reports for such Unencumbered Asset Pool Property. 
 (b) The applicable Fee Owner is
the exclusive fee simple owner of the applicable Unencumbered Asset Pool Property, subject only to the applicable Ground Lease and all Liens and other matters disclosed in the applicable title report for the Unencumbered Asset Pool Property subject
to such Ground Lease, and the applicable Fee Owner or Sublessor is the sole owner of the lessor’s interest in such Ground Lease. 
 (c) There are no rights to terminate any Ground Lease other than the applicable Fee Owner’s or Sublessor’s right to terminate by reason of default, casualty, condemnation or other reasons, in
each case as expressly set forth in the applicable Ground Lease. 
 (d) Each Ground Lease other than the Metro Ground Lease is
in full force and effect and no breach or default or event that with the giving of notice or passage of time would constitute a breach or default under any such Ground Lease (a “Ground Lease Default”) exists or

  
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has occurred on the part of the Borrower or applicable Subsidiary Guarantor or on the part of the applicable Fee Owner or Sublessor under any Ground Lease. All base rent and additional rent, if
any, due and payable under each Ground Lease has been paid through the date hereof and neither the Borrower nor the applicable Subsidiary Guarantor is required to pay any deferred or accrued rent after the date hereof under any Ground Lease. Neither
the Borrower nor the applicable Subsidiary Guarantor has received any written notice that a Ground Lease Default has occurred or exists, or that any Fee Owner, Sublessor or any third party alleges the same to have occurred or exist. 

(e) The Borrower or the applicable Subsidiary Guarantor is the exclusive owner of the ground lessee’s interest under and pursuant to
each applicable Ground Lease and has not assigned, transferred or encumbered its interest in, to, or under the Ground Lease, except as permitted in §8.2(i)(A), (iv) and (v). 

§6.33 Power and Service Revenues. All power revenues and revenues from managed services at the Unencumbered Asset Pool
Properties are coterminous with their respective Leases and license agreements. 
 §6.34 Eligible Real Estate
Requirements. All Real Estate, the Net Operating Income of which was included in any calculation of Unencumbered Asset Pool Capitalized Value, Unencumbered Asset Pool Debt Service Coverage Ratio and Unencumbered Asset Pool Debt Yield satisfied,
at the time of such calculation, all of the requirements contained in the definition of Eligible Real Estate and in Section 7.18 (or in the case of a Eligible Real Estate included under Section 7.18(b), all of those requirements that such
Real Estate satisfied on the date such Real Estate was approved for inclusion as Eligible Real Estate or an Unencumbered Asset Pool Property, as applicable). 
 §6.35 Service Guarantees. Except as set forth in Schedule 6.35, as of the Closing Date, no tenant or licensee under any Lease has at any time during the operation of the Metro Property
or Suwanee Property been entitled to any free rent, partial rent, rebate of rent payments, credit, offset, deduction in rent or a termination right because of any failure by the Borrower or any Subsidiary Guarantor to provide special data center
services to the tenants or licensees including, without limitation, internet service, electrical power, or humidity or temperature control. As of the date of inclusion of Real Estate as an Unencumbered Asset Pool Property, any payments, free rent,
partial rent, rebate of rent or other payments, credits, allowances or abatements required to be given by the Borrower or any Subsidiary Guarantor to any tenant or licensee has already been received by such tenant or licensee and all security
deposits are being held in accordance with legal requirements. 
  

	§7.	AFFIRMATIVE COVENANTS. 

 The
Borrower covenants and agrees that, so long as any Loan, Note or Letter of Credit (other than Letters of Credit the expirations of which extend beyond the Letter of Credit Expiration Date as permitted under §2.10 and in respect to which the
Borrower has satisfied the requirements of such section or §2.12, as applicable) is outstanding or any Lender has any obligation to make any Loans or issue Letters of Credit: 

§7.1 Punctual Payment. The Borrower will duly and punctually pay or cause to be paid the principal and interest on the Loans
and all interest and fees provided for in this Agreement, all in accordance with the terms of this Agreement and the Notes, as well as all other sums owing pursuant to the Loan Documents. 

  
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 §7.2 Maintenance of Office. The Borrower and the Guarantors will maintain their
respective chief executive office at 12851 Foster Street, Suite 205, Overland Park, Kansas 66213, or at such other place in the United States of America as the Borrower or Guarantors shall designate upon thirty (30) days prior written notice to
the Agent and the Lenders, where notices, presentations and demands to or upon the Borrower or Guarantors in respect of the Loan Documents may be given or made. 
 §7.3 Records and Accounts. The Borrower and the Guarantors will (a) keep, and cause each of their respective Subsidiaries to keep true and accurate records and books of account in which
full, true and correct entries will be made in accordance with GAAP and (b) maintain adequate accounts and reserves for all taxes (including income taxes), depreciation and amortization of their respective properties and the properties of their
respective Subsidiaries, contingencies and other reserves. Neither the Borrower, any Guarantor nor any of their respective Subsidiaries shall, without the prior written consent of the Agent, (x) make any material change to the accounting
policies/principles used by such Person in preparing the financial statements and other information described in §6.4 or §7.4 except to the extent required by GAAP, or (y) change its fiscal year. Agent and the Lenders acknowledge that
Parent Company’s fiscal year as of the date hereof is a calendar year. 
 §7.4 Financial Statements, Certificates
and Information. The Borrower and Guarantors will deliver or cause to be delivered to the Agent with sufficient copies for each of the Lenders: 
 (a) as soon as available, but in any event not later than one hundred twenty (120) days after the end of each fiscal year, the audited Consolidated balance sheet of Parent Company and its
Subsidiaries at the end of such year, and the related audited consolidated statements of income, changes in capital and cash flows for such year, setting forth in comparative form the figures for the previous fiscal year and all such statements to
be in reasonable detail, prepared in accordance with GAAP, together with a certification by the chief financial officer or accounting officer of Parent Company that the information contained in such financial statements fairly presents in all
material respects the financial position of Parent Company and its Subsidiaries as of and for the periods presented, and accompanied by an auditor’s report prepared without qualification as to the scope of the audit by a nationally recognized
accounting firm reasonably approved by Agent, and any other information the Lenders may reasonably request to complete a financial analysis of Parent Company and its Subsidiaries; 

(b) as soon as available, but in any event not later than sixty (60) days after the end of each fiscal quarter of
each fiscal year, copies of the unaudited consolidated balance sheet of Parent Company and its Subsidiaries, as at the end of such quarter, and the related unaudited consolidated statements of income and cash flows for the portion of Parent
Company’s fiscal year then elapsed, all in reasonable detail and prepared in accordance with 

  
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GAAP, together with a certification by the chief financial officer or accounting officer of Parent Company that the information contained in such financial statements fairly presents in all
material respects the financial position of Parent Company and its Subsidiaries on the date thereof (subject to year-end adjustments); 
 (c) simultaneously with the delivery of the financial statements referred to in subsections (a) and (b) above, a statement (a “Compliance Certificate”) certified by the chief financial
officer or chief accounting officer of Parent Company in the form of Exhibit J hereto (or in such other form as the Agent may approve from time to time) setting forth in reasonable detail computations evidencing compliance or
non-compliance (as the case may be) with the covenants contained in §9 and the other covenants described in such certificate and (if applicable) setting forth reconciliations to reflect changes in GAAP since the Balance Sheet Date and including
a statement of the principal balance of the Equipment Loan. Parent Company shall submit with the Compliance Certificate a Borrowing Base Certificate in the form of Exhibit I attached hereto pursuant to which Parent Company shall
calculate the amount of the Unencumbered Asset Pool Availability as of the end of the immediately preceding fiscal quarter. The Compliance Certificate shall with respect to any completed sale, encumbrance, refinance or transfer be adjusted in the
best good faith estimate of the Borrower to give effect to such sale, encumbrance, refinance or transfer. For example, all income, expense and value associated with Real Estate or other Investments disposed of during any quarter will be eliminated
from calculations, where applicable. The Compliance Certificate shall be accompanied by copies of the statements of Funds from Operations and Net Operating Income for such fiscal quarter for each of the Unencumbered Asset Pool Properties, prepared
on a basis consistent with the statements furnished to the Agent prior to the date hereof and otherwise in form and substance reasonably satisfactory to the Agent, together with a certification by the chief financial officer or chief accounting
officer of Parent Company that the information contained in such statement fairly presents in all material respects the Funds from Operations and Net Operating Income of the Unencumbered Asset Pool Properties for such periods; 

(d) simultaneously with the delivery of the financial statements referred to in clause (a) above, the statement of
all contingent liabilities which would be included in Indebtedness of the Borrower, the Guarantors and their Subsidiaries which are not reflected in such financial statements or referred to in the notes thereto (including, without limitation, all
guaranties, endorsements and other contingent obligations in respect of the indebtedness of others, and obligations to reimburse the issuer in respect of any letters of credit); 

(e) simultaneously with the delivery of the financial statements referred to in subsections (a) and (b) above,
(i) a Rent Roll for each of the Unencumbered Asset Pool Properties in form satisfactory to Agent as of the end of each fiscal quarter (including the fourth fiscal quarter in each fiscal year), together with a listing of each tenant or licensee
that has taken occupancy of such Unencumbered Asset Pool Property during each fiscal quarter (including the fourth fiscal quarter in each fiscal year), and (ii) an operating statement for each Unencumbered Asset Pool Property for each such
fiscal quarter and year to date and a consolidated operating statement for each Unencumbered Asset Pool Property for each such fiscal quarter and year to date (such statements and reports to be in form reasonably satisfactory to Agent); 

  
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 (f) simultaneously with the delivery of the financial statements referred to
in subsections (a) and (b) above, a statement (i) listing the Real Estate owned by the Borrower, Guarantors and their Subsidiaries (or in which the Borrower, the Guarantors or their Subsidiaries owns an interest) and stating the
location thereof, the date acquired and the acquisition cost, (ii) listing the Indebtedness of the Borrower, the Guarantors and their Subsidiaries (excluding Indebtedness of the type described in §8.1(b)-(e)), which statement shall
include, without limitation, a statement of the original principal amount of such Indebtedness and the current amount outstanding, the holder thereof, the maturity date and any extension options, the interest rate, the collateral provided for such
Indebtedness and whether such Indebtedness is recourse or non-recourse, and (iii) listing the properties of the Borrower, the Guarantors and their Subsidiaries which are Development Properties and providing a brief summary of the status of such
development; 
 (g) contemporaneously with the filing or mailing thereof, copies of all material of a financial
nature, reports or proxy statements sent to the owners of Parent Company; 
 (h) upon written request of the
Agent, copies of all annual federal income tax returns and amendments thereto of the Borrower and Guarantors; 

(i) [Intentionally Omitted]; 
 (j) evidence reasonably satisfactory to Agent of the timely payment of all real estate taxes for the Unencumbered Asset Pool Properties; 

(k) (i) not later than January 31 of each year, a budget and business plan for Parent Company and its Subsidiaries
for the next calendar year and (ii) beginning with the financial statements delivered for the first quarter of 2013 and simultaneous with the delivery of the financial statements referred to in (a) and (b) above, a discussion and
analysis by Parent Company’s management of the Parent Company’s strategy and progress against budget and business plan of Parent Company and its Subsidiaries; and 

(l) from time to time such other financial data and information in the possession of the Borrower, the Guarantors or their
respective Subsidiaries (including without limitation auditors’ management letters, status of litigation or investigations against the Borrower or Guarantors and any settlement discussions relating thereto, property inspection and environmental
reports and information as to zoning and other legal and regulatory changes affecting the Borrower and the Guarantors) as the Agent (or any Lender requesting through the Agent) may reasonably request. 

Any material to be delivered pursuant to this §7.4 may be delivered electronically directly to Agent and the Lenders provided that such material is
in a format reasonably acceptable to Agent, and such material shall be deemed to have been delivered to Agent and the Lenders upon Agent’s receipt thereof. Upon the request of Agent, the Borrower and the Guarantors shall deliver paper copies of
the requested documents to Agent and the Lenders. The Borrower and the Guarantors authorize Agent and Arranger to disseminate any such materials through the use of Intralinks, SyndTrak or any other electronic information dissemination system, and
the Borrower and the Guarantors release Agent and the Lenders from any liability in connection therewith. 

  
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 §7.5 Notices. 

(a) Defaults. The Borrower will promptly upon becoming aware of same notify the Agent in writing of the occurrence
of any Default or Event of Default, which notice shall describe such occurrence with reasonable specificity and shall state that such notice is a “notice of default”. If any Person shall give any notice or take any other action in respect
of a claimed default (whether or not constituting an Event of Default) under this Agreement or under any note, evidence of indebtedness, indenture or other obligation to which or with respect to which the Borrower, any Guarantor or any of their
respective Subsidiaries is a party or obligor, whether as principal or surety, and such default would permit the holder of such note or obligation or other evidence of indebtedness to accelerate the maturity thereof, which acceleration would either
cause a Default or have a Material Adverse Effect, the Borrower shall forthwith give written notice thereof to the Agent and each of the Lenders, describing the notice or action and the nature of the claimed default. 

(b) Environmental Events. The Borrower will give notice to the Agent within five (5) Business Days of becoming
aware of (i) any suspected or known Release, or threat of Release, of any Hazardous Substances in violation of any applicable Environmental Law that could result in liability, clean up, remediation, correction or other costs in excess of
$1,000,000.00; (ii) any violation of any Environmental Law that the Borrower, any Guarantor or any of their respective Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to
any oral report is made) to any federal, state or local environmental agency or (iii) any proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local
environmental agency or board, that in any case involves (A) any Unencumbered Asset Pool Properties or (B) any other Real Estate and could reasonably be expected to have a Material Adverse Effect. 

(c) [Intentionally Omitted.] 

(d) Notice of Litigation and Judgments. The Borrower will give notice to the Agent in writing within five
(5) Business Days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Borrower, any Guarantor or any of their respective Subsidiaries or to which the Borrower, any
Guarantor or any of their respective Subsidiaries is or is to become a party involving an uninsured claim against the Borrower, any Guarantor or any of their respective Subsidiaries that could reasonably be expected to either cause a Default or
could have a Material Adverse Effect and stating the nature and status of such litigation or proceedings. The Borrower will give notice to the Agent, in writing, in form and detail reasonably satisfactory to the Agent and each of the Lenders, within
ten (10) days of any judgment not covered by insurance, whether final or otherwise, against the Borrower, any Guarantor or any of their respective Subsidiaries in an amount in excess of $10,000,000.00. 

  
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 (e) Ground Lease Defaults and Notices. 

(i) QIPM will promptly notify the Agent in writing of any material default by the Authority in the performance or observance of any of
the terms, covenants and conditions on the part of the Authority, as the case may be, to be performed or observed under the Metro Ground Lease. QIPM will promptly deliver to the Agent copies of all material notices, certificates, requests, demands
and other instruments received or given by Authority or QIPM under the Metro Ground Lease. 
 (ii) The Borrower or the
applicable Subsidiary Guarantor will promptly notify the Agent in writing of any material default by the applicable Fee Owner in the performance or observance of any of the terms, covenants and conditions on the part of such Fee Owner or Sublessor,
as the case may be, to be performed or observed under such Ground Lease. The Borrower or the applicable Subsidiary Guarantor will promptly deliver to the Agent copies of all material notices, certificates, requests, demands and other instruments
received or given by the applicable Fee Owner, Sublessor or the Borrower or the applicable Subsidiary Guarantor under such Ground Lease. 
 (f) ERISA. The Borrower will give notice to the Agent within ten (10) Business Days after the Borrower or any ERISA Affiliate (i) gives or is required to give notice to the PBGC of any
“reportable event” (as defined in §4043 of ERISA) with respect to any Guaranteed Pension Plan, Multiemployer Plan or Employee Benefit Plan, or knows that the plan administrator of any such plan has given or is required to give notice
of any such reportable event; (ii) gives a copy of any notice of complete or partial withdrawal liability under Title IV of ERISA; or (iii) receives any notice from the PBGC under Title IV or ERISA of an intent to terminate or appoint a
trustee to administer any such plan. 
 (g) Notification of Lenders. Within five (5) Business Days
after receiving any notice under this §7.5, the Agent will forward a copy thereof to each of the Lenders, together with copies of any certificates or other written information that accompanied such notice. 

(h) Service Guarantees. The Borrower will give notice to the Agent within two (2) Business Days after
(i) any failure by the Borrower or any Subsidiary Guarantor to provide electrical power or internet service to a tenant or licensee under any Lease of any Unencumbered Asset Pool Property, (ii) any claim by tenants or licensees of any
Unencumbered Asset Pool Property that they are entitled, individually or in the aggregate, to free rent, partial rent, rebate of rent payments, credit, offset or deduction in rent in excess of $200,000.00 per occurrence or in excess of $800,000.00
in any twelve (12) month period, or (iii) any failure to provide electrical power or internet service that gives rise to a termination right under any Lease of any Unencumbered Asset Pool Property. 

§7.6 Existence; Maintenance of Properties. 

(a) The Borrower and the Guarantors will, and will cause each of their respective Subsidiaries to, preserve and keep in
full force and effect their legal existence in the jurisdiction of its incorporation or formation, except when (i) the Borrower or the Guarantors determine that such Subsidiaries are no longer necessary for the conduct of their business,
(ii) such Subsidiaries are not the Borrower or a Guarantor hereunder and (iii) no Material 

  
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Adverse Effect results therefrom. The Borrower and Guarantors will preserve and keep in full force all of their rights and franchises and those of their Subsidiaries, the preservation of which is
necessary to the conduct of their business. The Borrower shall continue to own directly or indirectly one hundred percent (100%) of the Initial Subsidiary Guarantors and the Additional Subsidiary Guarantors. From and after the time that REIT
elects to be treated as a real estate investment trust under the Code (which date shall be no later than the end of the calendar year in which the IPO Event occurs), the Borrower shall cause REIT to at all times comply with all requirements and
applicable laws and regulations necessary to maintain REIT Status and continue to receive REIT Status. From and after the IPO Event, the Borrower shall cause the common stock of REIT to at all times be listed for trading and be traded on the New
York Stock Exchange or another national exchange approved by Agent, unless otherwise consented to by the Agent. 

(b) The Borrower and each Guarantor (i) will cause all of its properties and those of its Subsidiaries used or useful
in the conduct of its business or the business of its Subsidiaries to be maintained and kept in good condition, repair and working order (ordinary wear and tear excepted) and supplied with all necessary equipment, and (ii) will cause to be made
all necessary repairs, renewals, replacements, betterments and improvements thereof, in all cases in which the failure so to do would cause a Material Adverse Effect. Without limitation of the obligations of the Borrower under this Agreement with
respect to the maintenance of the Unencumbered Asset Pool Properties, the Borrower shall promptly and diligently comply in all material respects with the recommendations of the Environmental Engineer concerning the maintenance, operation or upkeep
of Unencumbered Asset Pool Properties contained in the building inspection and environmental reports delivered to the Agent or otherwise obtained by Borrower with respect to an Unencumbered Asset Pool Property. 

§7.7 Insurance. The Borrower will, at its expense, procure and maintain, from a financially sound and reputable carrier,
insurance covering the Borrower and its Subsidiaries and the Real Estate in such amounts and against such risks and casualties as is customarily maintained by similar businesses. 

§7.8 Taxes. The Borrower and the Guarantors will, and will cause their respective Subsidiaries to, duly pay and discharge, or
cause to be paid and discharged, before the same shall become delinquent, all taxes, assessments and other governmental charges imposed upon them or upon the Real Estate, sales and activities, or any part thereof, or upon the income or profits
therefrom, provided that any such tax, assessment, charge or levy or charge need not be paid if the validity or amount thereof shall currently be contested in good faith by appropriate proceedings which shall suspend the collection thereof
with respect to such property, neither such property nor any portion thereof or interest therein would be in any danger of sale, forfeiture or loss by reason of such proceeding and the Borrower, such Guarantor or any such Subsidiary shall have set
aside on its books adequate reserves in accordance with GAAP; and provided, further, that forthwith upon the commencement of proceedings to foreclose any lien that may have attached as security therefor, the Borrower, such Guarantor or
any such Subsidiary either (i) will provide a bond issued by a surety reasonably acceptable to the Agent and sufficient to stay all such proceedings or (ii) if no such bond is provided, will pay each such tax, assessment, charge or levy.

  
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 §7.9 Inspection of Properties and Books. The Borrower and the Guarantors will,
and will cause their respective Subsidiaries to, permit the Agent, at the Borrower’s expense, and the Lenders and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, the Guarantors’ or any of their
respective Subsidiaries (subject to the rights of tenants or licensees under their Leases), to examine the books of account of the Borrower, the Guarantors and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to
discuss the affairs, finances and accounts of the Borrower, the Guarantors and their respective Subsidiaries with, and to be advised as to the same by, their respective officers, partners or members, all at such reasonable times and intervals as the
Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall not be required to pay for such visits and inspections by the Agent more often than
once in any twelve (12) month period. The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the interference with and disruption to the normal business operations of the Borrower, the Guarantors
and their respective Subsidiaries. 
 §7.10 Compliance with Laws, Contracts, Licenses, and Permits. The Borrower and
the Guarantors will, and will cause each of their respective Subsidiaries to, comply in all respects with (i) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including all Environmental Laws,
(ii) the provisions of its corporate charter, partnership agreement, limited liability company agreement or declaration of trust, as the case may be, and other charter documents and bylaws, (iii) all agreements and instruments to which it
is a party or by which it or any of its properties may be bound, (iv) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the
ownership, use or operation of its properties, except: (A) with respect to the Borrower and Guarantors, where a failure to so comply with any of clauses (ii), (iii) and (iv) could not reasonably be expected to have a Material Adverse
Effect, (B) with respect to Guarantors, where a failure to so comply with either clause (i) or (v) could not reasonably be expected to have a Material Adverse Effect, and (C) with respect to the Borrower, where a failure so to
comply with either clause (i) or (v) would not result in material non-compliance with such laws, regulations, licenses or permits. If any authorization, consent, approval, permit or license from any officer, agency or instrumentality of
any government shall become necessary or required in order that the Borrower, the Guarantors or their respective Subsidiaries may fulfill any of its obligations hereunder, the Borrower, the Guarantors or such Subsidiary will immediately take or
cause to be taken all steps necessary to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Lenders with evidence thereof. The Borrower and Guarantors shall develop and implement such programs, policies and
procedures as are necessary to comply with the Patriot Act and shall promptly advise Agent in writing in the event that the Borrower or Guarantors shall determine that any investors in the Borrower or Guarantors are in violation of such act.

 §7.11 Further Assurances. The Borrower and the Guarantors will, and will cause each of their respective
Subsidiaries to, cooperate with the Agent and the Lenders and execute such further instruments and documents as the Lenders or the Agent shall reasonably request to carry out to their satisfaction the transactions contemplated by this Agreement and
the other Loan Documents. 

  
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 §7.12 [Intentionally Omitted.] 

§7.13 Leases of the Property. 
 (a) Neither the Borrower nor any Subsidiary Guarantor will lease or license all or any portion of an Unencumbered Asset Pool Property without in each case the prior written consent of the Agent not to be
unreasonably withheld, conditioned or delayed, provided, however, that without the prior written consent of Agent, the Borrower or a Subsidiary Guarantor may enter into a new Lease, provided that such Lease satisfies the following requirements:
(i) the Borrower or a Subsidiary Guarantor is the sole lessor or licensor under such agreement and any agreements relating thereto; (ii) such Lease is unconditionally assignable by the Borrower or a Subsidiary Guarantor (including by
collateral assignment), (iii) with respect to any new “retail” Lease, such Lease is subordinate to the lien of any first priority security interest holder (upon the terms and conditions set forth in the standard form of occupancy
agreement or pursuant to subordination conditions contained in the applicable Lease or a separate subordination agreement reasonably acceptable to Agent), (iv) with respect to any new “retail” Lease, is executed on the standard form
of Master Space Agreement and Addendum to Master Space Agreement Additional Terms and Conditions for Colocation and Internet Access attached hereto and made a part hereof as Exhibit D on market terms, with only such changes thereto that
are consistent with sound leasing and management practices for similar properties (it being acknowledged by the Borrowers that the provisions of subparts (a)(i), (ii) and (iii) above in this §7.13 or the provisions of sections 10.5,
10.19 and 10.20 of the form of Master Space Agreement and Addendum may not be changed without Agent’s prior written consent; and (v) with respect to any new “wholesale” Lease, such Lease is entered into upon market terms with
customary lender protections, including an agreement of the tenant to subordinate and attorn to any first priority security interest holder. In connection with any such Lease requiring the approval of Agent, the Borrower will give notice to the
Agent of any such proposed new Lease of any Unencumbered Asset Pool Property and shall provide to the Agent a copy of such proposed Lease and any and all agreements or documents related thereto, current financial information for the proposed tenant
or licensee and any guarantor of the proposed Lease and such other information that the Agent may reasonably request. 
 (b) The Borrower shall not, and the Borrower shall not permit any other Affiliate of the Borrower to, amend, supplement, modify, grant any concessions to or waive performance of any obligations of any
tenant or licensee under any Lease in a manner that is material to the Borrower and its Subsidiaries taken as a whole without the prior written consent of Agent, including, without limitation, any modification, amendment, supplement or waiver that
(i) materially affects the financial rights or obligations of a material tenant or licensee, (ii) shortens the term of any material Lease pertaining to an Unencumbered Asset Pool Property, (iii) materially increases the
landlord’s or licensor’s obligations under a material Lease, (iv) materially decreases the tenant’s or licensee’s obligations under a material Lease, (v) grants any concession or abatement of rent or other monetary
obligation greater than five percent (5%) of Monthly Recurring Charges individually or in the aggregate for such Unencumbered Asset Pool Property, (vi) modifies the assignability provisions of the Lease in a manner inconsistent with
§7.13(a) above, (vii) amends or waives a provision otherwise required to be in a pre-approved form of such Lease as set forth in §7.13(a) above, or 

  
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(viii) otherwise amends, supplements, modifies or waives any provision of a material Lease in any manner that is materially adverse to the Lenders. The Borrower shall not, and the Borrower
shall not permit any other Affiliates of the Borrower, to consent to the assigning or subletting of any Lease pertaining to an Unencumbered Asset Pool Property without the prior written consent of Agent, provided that the Borrower may consent to an
assignment a Lease without the prior written consent of Agent with respect to any tenant or licensee whose Lease, when aggregated with any other Leases by such tenant or licensee or its affiliates at such Unencumbered Asset Pool Property,
contributes less than five percent (5%) of Monthly Recurring Charges for such Unencumbered Asset Pool Property. 
 (c) The Borrower shall not, and the Borrower shall not permit any other Affiliate of the Borrower to, terminate, cancel or accept a surrender of any Lease pertaining to an Unencumbered Asset Pool Property
(other than the natural expiration of a Lease in accordance with its terms) without the prior written consent of Agent, provided that the Borrower may cancel, terminate or accept a surrender of such Lease without the prior written consent of Agent
(i) with respect to any tenant or licensee which is in default of the payment obligations under a Lease and whose Lease, when aggregated with any other Leases by such tenant or licensee or its affiliates at such Unencumbered Asset Pool
Property, contributes less than five percent (5%) of Monthly Recurring Charges for such Unencumbered Asset Pool Property, and (ii) with respect to any tenant or licensee which is not in default of any payment obligations under its Lease
and whose Lease, when aggregated with any other Leases by such tenant or licensee or its affiliates at such Unencumbered Asset Pool Property, contributes less than two percent (2%) of the Monthly Recurring Charges for such Unencumbered Asset
Pool Property. 
 §7.14 Business Operations. The Borrower, the Guarantors and their respective Subsidiaries shall
operate their respective businesses in substantially the same manner and in substantially the same fields and lines of business as such business is now conducted and in compliance with the terms and conditions of this Agreement and the Loan
Documents. the Borrower and Guarantors will not, and will not permit any Subsidiary to, directly or indirectly, engage in any line of business other than the ownership, operation and development of Data Center Properties or businesses incidental
thereto. 
 §7.15 [Intentionally Omitted.] 
 §7.16 Ownership of Real Estate. Without the prior written consent of Agent, all Real Estate and all interests (whether direct or indirect) of Parent Company in any real estate assets now owned
or leased or acquired or leased after the date hereof shall be owned or leased directly by a Wholly Owned Subsidiary of the Borrower; provided, however that (a) the Borrower shall be permitted to own or lease interests in Real
Estate through non-Wholly Owned Subsidiaries and Unconsolidated Affiliates as permitted by §8.3 and (b) the Borrower and REIT shall be permitted to own or lease its corporate headquarters.

 §7.17 Distributions of Income to Parent Company. Parent Company shall cause all of its Subsidiaries that are not
Subsidiary Guarantors (subject to the terms of any loan documents under which such Subsidiary is the borrower) to promptly distribute to Parent Company (but not less frequently than once each calendar quarter, unless otherwise approved by the
Agent), 

  
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whether in the form of dividends, distributions or otherwise, its share of all profits, proceeds or other income relating to or arising from its Subsidiaries’ use, operation, financing,
refinancing, sale or other disposition of their respective assets and properties after (a) the payment by each Subsidiary of its debt service, operating expenses, capital improvements and leasing commissions for such quarter and (b) the
establishment of reasonable reserves for the payment of operating expenses not paid on at least a quarterly basis and capital improvements and tenant/licensee improvements to be made to such Subsidiary’s assets and properties approved by such
Subsidiary in the course of its business consistent with its past practices. 
 §7.18 Unencumbered Asset Pool
Properties. 
 (a) Subject to clause (b) of this §7.18, the Eligible Real Estate included in the
calculation of the Unencumbered Asset Pool Availability and as Unencumbered Asset Pool Properties shall at all times satisfy all of the following conditions: 
 (i) (A) the Eligible Real Estate shall meet the requirements set forth in the definition of “Eligible Real Estate” in §1.1, shall be free and clear of all Liens other than the Liens
permitted in §8.2(i)(A), §8.2(i)(B)(II), §8.2(iv) (A) and §8.2(v), and (B) except as may be set forth in any documentation evidencing permitted Unsecured Debt, the Eligible Real Estate shall not have applicable to it
any restriction on the sale, pledge, transfer, mortgage or assignment of such property (including any restrictions contained in any applicable organizational documents) other than any restriction on sale, transfer or assignment arising
(1) under any agreement (x) to reimburse, indemnify and hold harmless Chad Williams and his Related Parties from any income tax liability (and any income taxes on such payments) resulting from any sale of Real Estate by the REIT, the
Borrower or any of their Subsidiaries, so long as Chad Williams’ and his Related Parties’ right to receive such payments are subordinated on terms reasonably acceptable to the Agent to the prior payment in full of the Obligations in the
event that the Obligations have been accelerated pursuant to §12.1, or (y) granting Chad Williams a veto right over any sale by the REIT, the Borrower or any of their Subsidiaries of Real Estate that he contributed to the Borrower in
exchange for Equity Interests in the Borrower but only if such agreement excludes such right of veto if the Obligations have been accelerated pursuant to §12.1, or (2) under any other tax protection agreement approved in writing by Agent;

 (ii) none of the Eligible Real Estate shall have any material title, survey, environmental, structural or other defects that
would give rise to a materially adverse effect as to the value, use of, operation of or ability to sell or finance such property; 
 (iii) if such Real Estate is owned by a Subsidiary Guarantor, the only asset of such Subsidiary shall be the Eligible Real Estate included in the calculation of the Unencumbered Asset Pool Availability
and inclusion as Unencumbered Asset Pool Properties and related fixtures and personal property; 
 (iv) no Person other than
the Borrower and its direct and indirect equity holders and Wholly Owned Subsidiaries has any direct or indirect ownership of any legal, equitable or beneficial interest in such Subsidiary Guarantor if such Unencumbered Asset Pool Property is owned
or leased under a Ground Lease by a Subsidiary Guarantor, and no direct or indirect ownership or other interests or rights in any such Subsidiary Guarantor shall be subject to any Lien other than the Liens permitted in §8.2(i)(A),
§8.2(i)(B)(II) and §8.2(v); 

  
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 (v) the Borrower shall have delivered to the Agent (A) a written request to include
such Eligible Real Estate in the calculation of the Unencumbered Asset Pool Availability, (B) a physical description of such Eligible Real Estate, (C) a current Rent Roll and current and historical operating statements (as required on
Schedule 1.2) for such Eligible Real Estate, (D) a 12-month cash flow projection, including any near term capital expenditures for such Eligible Real Estate, in form an substance reasonably satisfactory to the Agent, (E) a
certification as to the matters covered under §7.18(a)(i)-(v), and (F) such other information as the Agent may reasonably require with respect to such Eligible Real Estate, including, but not limited to, any information required by the
Agent to determine the Unencumbered Asset Pool Availability attributable to such Eligible Real Estate and compliance with this §7.18; and 
 (vi) such Eligible Real Estate has not been removed from the calculation of the Unencumbered Asset Pool Availability pursuant to §5.4, 7.18(c) or §7.18(d). 

The Agent shall have ten (10) days from the date of the receipt of such documentation required herein to include Eligible Real
Estate in the calculation of the Unencumbered Asset Pool Availability and other information to advise Borrower whether it consents to the acceptance of such Eligible Real Estate as an Unencumbered Asset Pool Property. 

(b) Notwithstanding the foregoing, in the event any Real Estate does not qualify as Eligible Real Estate or satisfy the
requirements of §7.18(a), such Real Estate shall be included in the calculation of the Unencumbered Asset Pool Availability so long as (x) the Agent shall have received the prior written consent of each of the Required Lenders to the
inclusion of such Real Estate in the calculation of the Unencumbered Asset Pool Availability and (y) at no time after it is included does such Real Estate fail to satisfy any requirements of the definition of Eligible Real Estate or of
§7.18(a) in addition to those it failed to satisfy at the time such consent of the Required Lenders was provided for such inclusion. 
 (c) In the event that all or any material portion of any Eligible Real Estate included in the calculation of the Unencumbered Asset Pool Availability shall be materially damaged or taken by condemnation,
then such property shall no longer be included in the calculation of the Unencumbered Asset Pool Availability unless and until (i) any damage to such real estate is repaired or restored, such real estate becomes operational and the Agent shall
receive evidence reasonably satisfactory to the Agent of the value of such real estate following such repair or restoration (both at such time and prospectively) or (ii) Agent shall receive evidence reasonably satisfactory to the Agent that the
value of such real estate (both at such time and prospectively) shall not be materially adversely affected by such damage or condemnation. 
 (d) Upon any asset ceasing to qualify to be included in the calculation of the Unencumbered Asset Pool Availability, such asset shall no longer be included in the calculation of the Unencumbered Asset
Pool Availability. Within five (5) Business Days after the Borrower or any officer of Parent or its Subsidiaries becomes aware of any such disqualification, the Borrower shall deliver to the Agent a certificate reflecting such disqualification,
together with the identity of the disqualified asset, a statement as to whether any Default or Event of Default 

  
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arises as a result of such disqualification, and a calculation of the Unencumbered Asset Pool Availability attributable to such asset. Notwithstanding any failure by Borrower to notify Agent of
such disqualification, the disqualified asset shall be removed from the calculation of Unencumbered Asset Pool Availability. Simultaneously with the delivery of the items required pursuant above, the Borrower shall deliver to the Agent a pro forma
Compliance Certificate and Borrowing Base Certificate demonstrating, after giving effect to such removal or disqualification, compliance with the covenants contained in §9.1. 

(e) The Agent shall promptly notify the Lenders of the addition or removal of any Real Estate from the calculation of the
Unencumbered Asset Pool Availability. 
 §7.19 Plan Assets. The Borrower will do, or cause to be done, all things
necessary to ensure that none of the Unencumbered Asset Pool Properties will be deemed to be Plan Assets at any time. 

§7.20 [Intentionally Omitted.] 
 §7.21 [Intentionally Omitted.] 
 §7.22 Power Generators.
Borrowers shall pay any fines with respect to its generator use permit in a timely manner and shall not allow any such permits to terminate due to non-payment of fines or other defaults. 

§7.23 Material Agreements and Management Agreements. Borrower and each Guarantor shall, and shall cause any Subsidiary to,
(a) promptly perform and/or observe all of the material covenants and agreements required to be performed and observed by it under each Material Agreement and Management Agreement to which it is a party, and do all things necessary to preserve
and to keep unimpaired its rights thereunder, (b) promptly notify Agent in writing of the giving of any notice of any default by any party under any Material Agreement or Management Agreement of which it is aware and (c) promptly enforce
the performance and observance of all of the material covenants and agreements required to be performed and/or observed by the other party under each Material Agreement and Management Agreement to which it is a party in a commercially reasonable
manner. Neither Borrower nor any Guarantor shall without Agent’s prior written consent: (a) enter into, surrender or terminate any Material Agreement or Management Agreement to which it is a party (unless the other party thereto is in
material default and the termination of such agreement would be commercially reasonable), (b) increase or consent to the increase of the amount of any charges under any Material Agreement or Management Agreement to which it is a party, except
as provided therein or on an arms’-length basis and commercially reasonable terms; (c) transfer, assign or encumber any Material Agreement or Management Agreement except to Agent pursuant to the Loan Documents; or (d) otherwise
modify, change, supplement, alter or amend, or waive or release any of its rights and remedies under any Material Agreement or Management Agreement to which it is a party in any material respect, except on an arm’s-length basis and commercially
reasonable terms. After the Closing Date, all Material Agreements and Management Agreements relating to an Unencumbered Asset Pool Property shall be entered into solely by the Borrower or applicable Subsidiary Guarantor unless otherwise approved in
writing by Agent. 

  
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 §7.24 [Intentionally Omitted.] 

§7.25 [Intentionally Omitted.] 
 §7.26 Creation of REIT. As a condition to the occurrence of the IPO Event, the Borrower and Guarantors agree, as follows: 

(a) Schedule 7.26 hereto sets forth the organizational structure of REIT and the Borrower immediately following the
IPO Event. Agent and Lenders consent to such structure, with such changes as the Borrower deems necessary, provided that simultaneously with the occurrence of the IPO Event (i) the Borrower shall become an “operating partnership”
which will own not less than 100% of the direct or indirect interests in the Subsidiary Guarantors, (ii) the structure of the transaction shall be such that the financial results of the Borrower and its Subsidiaries would be Consolidated with
the accounts of REIT, and (iii) REIT, or an entity in which REIT owns 100% of the direct interests in, shall be the sole general partner of the Borrower, or with such other changes that the Agent shall approve, such approval not to be
unreasonably withheld, conditioned or delayed; 
 (b) all of the formation and contribution agreements related to
the IPO Event shall be in form and substance reasonably acceptable to Agent; 
 (c) The Borrower and Guarantors
shall cause REIT, or any other entity in which REIT owns 100% of the direct interests in and which serves as the general partner of Borrower, to execute such documents as Agent may reasonably require to cause such Person to become a
“Guarantor” under this Agreement and the other Loan Documents; and 
 (d) the Borrower, Guarantors
(including REIT) and the Agent shall enter into such amendments to the Loan Documents or other agreements as the Agent may reasonably require to reflect a structure different from that set forth on Schedule 7.26 hereto. 

 

	§8.	NEGATIVE COVENANTS. 

 The
Borrower covenants and agrees that, so long as any Loan, Note or Letter of Credit (other than Letters of Credit the expirations of which extend beyond the Letter of Credit Expiration Date as permitted under §2.10 and in respect to which the
Borrower has satisfied the requirements of such section or §2.12, as applicable) is outstanding or any Lender has any obligation to make any Loans or issue Letters of Credit: 

§8.1 Restrictions on Indebtedness. The Borrower and the Guarantors will not, and will not permit their respective
Subsidiaries to, create, incur, assume, guarantee or be or remain liable, contingently or otherwise, with respect to any Indebtedness other than: 
 (a) Indebtedness to the Lenders arising under any of the Loan Documents; 
 (b) Indebtedness to the Lender Hedge Providers in respect of any Hedge Obligations; 

  
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 (c) current liabilities of the Borrower, the Guarantors or their respective
Subsidiaries incurred in the ordinary course of business but not incurred through (i) the borrowing of money, or (ii) the obtaining of credit except for credit on an open account basis customarily extended and in fact extended in
connection with normal purchases of goods and services; 
 (d) Indebtedness in respect of (i) taxes,
assessments, governmental charges or levies and (ii) claims for labor, materials and supplies to the extent that payment therefor shall not at the time be required to be made in accordance with the provisions of §7.8 or §8.20, as
applicable; 
 (e) [Intentionally Omitted]; 

(f) endorsements for collection, deposit or negotiation incurred in the ordinary course of business; 

(g) subject to the provisions of §9, Secured Debt, provided that (A) the aggregate amount of Secured Debt shall
not exceed forty percent (40%) of Gross Asset Value; and (B) in addition to the limitation set forth in the immediately preceding clause (A), the aggregate amount of Secured Debt that is Recourse Indebtedness (excluding the Obligations and
the Hedge Obligations to the extent ever secured hereunder) shall not exceed fifteen percent (15%) of Gross Asset Value; and provided further that none of such Persons shall incur any of the Indebtedness described in this §8.1(g) in excess
of $50,000,000 unless it shall have provided to the Agent prior written notice of the proposed incurrence of such Indebtedness, a statement that the borrowing will not cause a Default or Event of Default and a Compliance Certificate demonstrating
that the Borrower and Guarantors will be in compliance with their covenants referred to therein after giving effect to the incurrence of such Indebtedness; 
 (h) the Indebtedness of the Borrower with respect to the QTLP Subordinate Debt, which is subordinated to the repayment of the Obligations and the Hedge Obligations pursuant to QTLP Subordination and
Standstill Agreement; 
 (i) [Intentionally Omitted]; 

(j) the Equipment Loan; and 
 (k) subject to the provisions of §9, Unsecured Debt of the Borrower, REIT (following the occurrence of the IPO Event) or Subsidiaries of the Borrower that are not Initial Subsidiary Guarantors or
Additional Subsidiary Guarantors (or any direct or indirect owners of such Subsidiaries), provided that (i) the Initial Subsidiary Guarantors and the Additional Subsidiary Guarantors may incur Unsecured Debt only if it has the Unencumbered
Asset Pool Properties as a borrowing base, and (ii) none of such Persons shall incur any of the Indebtedness described in this §8.1(k) in excess of $50,000,000 unless it shall have provided to the Agent prior written notice of the proposed
incurrence of such Indebtedness, a statement that the borrowing will not cause a Default or Event of Default and a Compliance Certificate demonstrating that the Borrower and Guarantors will be in compliance with its covenants referred to therein
after giving effect to the incurrence of such Indebtedness. 

  
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 Notwithstanding anything in this Agreement to the contrary, (i) neither the Initial
Subsidiary Guarantors, the Additional Subsidiary Guarantors nor any other Subsidiaries of the Borrower directly or indirectly owning an Initial Subsidiary Guarantor or an Additional Subsidiary Guarantor shall create, incur, assume, guarantee or be
or remain liable contingently or otherwise, with respect to any Unsecured Debt other than Indebtedness described in §§8.1(a), (b), (c), (d), (f) and (k), (ii) none of the Indebtedness described in §8.1(g) above shall have
any of the Unencumbered Asset Pool Properties or any interest therein or equipment related thereto or any direct or indirect ownership interest in an Initial Subsidiary Guarantor or an Additional Subsidiary Guarantor as collateral, a borrowing base,
asset pool or any similar form of credit support for such Indebtedness (provided that the foregoing shall not preclude Subsidiaries of the Parent Company (other than an Initial Subsidiary Guarantor or an Additional Subsidiary Guarantor (or any
direct or indirect owners of such Subsidiaries)) to incur Non-Recourse Indebtedness subject to the terms of this §8.1 or recourse to the general credit of the Parent Company), and (iii) neither the Initial Subsidiary Guarantors, Additional
Subsidiary Guarantors nor any other Subsidiary of the Borrower directly or indirectly owning an interest therein shall create, incur, assume, guarantee or be or remain liable, contingently or otherwise, with respect to any Indebtedness (including,
without limitation, pursuant to any conditional or limited guaranty or indemnity agreement creating liability with respect to usual and customary exclusions from the non-recourse limitations governing the
Non-Recourse Indebtedness of any Person, or otherwise) other than Indebtedness described in §§8.1(a)-(f), (j) (as to QIPM only) and (k) above. 
 §8.2 Restrictions on Liens, Etc. The Borrower and the Guarantors will not, and will not permit their Subsidiaries to (a) create or incur or suffer to be created or incurred or to exist
any lien, security title, encumbrance, mortgage, pledge, charge or other security interest of any kind upon any of their respective property or assets of any character whether now owned or hereafter acquired, or upon the income or profits therefrom;
(b) transfer any of their property or assets or the income or profits therefrom for the purpose of subjecting the same to the payment of Indebtedness or performance of any other obligation in priority to payment of its general creditors;
(c) acquire, or agree or have an option to acquire, any property or assets upon conditional sale or other title retention or purchase money security agreement, device or arrangement; (d) suffer to exist for a period of more than thirty
(30) days after the same shall have been incurred any Indebtedness or claim or demand against any of them that if unpaid could by law or upon bankruptcy or insolvency, or otherwise, be given any priority whatsoever over any of their general
creditors; (e) sell, assign, pledge or otherwise transfer any accounts, contract rights, general intangibles, chattel paper or instruments, with or without recourse, as part of a financing transaction; or (f) incur or maintain any
obligation to any holder of Indebtedness of any of such Persons (other than any permitted Unsecured Debt) which prohibits the creation or maintenance of any lien on any Unencumbered Asset Pool Properties securing the Obligations or the Hedge
Obligations (collectively, “Liens”); provided that notwithstanding anything to the contrary contained herein, the Borrower, the Guarantors and any such Subsidiary may create or incur or suffer to be created or incurred or to exist:

 (i) (A) Liens on properties to secure taxes, assessments and other governmental charges (excluding any Lien imposed
pursuant to any of the provisions of ERISA or pursuant to any Environmental Laws) or claims for labor, material or supplies incurred in the ordinary course of business in respect of obligations not then delinquent or not otherwise

  
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required to be paid or discharged under the terms of this Agreement or any of the other Loan Documents and (B) Liens in respect of judgments (I) on assets other than the Unencumbered
Asset Pool Properties and any direct or indirect interest of Parent Company or any Subsidiary of Parent Company in any Initial Subsidiary Guarantor or any Additional Subsidiary Guarantor only to the extent and for the period and for an amount not
constituting an Event of Default, or (II) on an Unencumbered Asset Pool Property but only to the extent such Lien is fully released and discharged from such Unencumbered Asset Pool Property prior to the first to occur of the date that is sixty
(60) days after such Lien attaches to such Unencumbered Asset Pool Property or the commencement of any action to enforce such judgment against such Unencumbered Asset Pool Property; 

(ii) deposits or pledges made in connection with, or to secure payment of, workers’ compensation, unemployment insurance, old age
pensions or other social security obligations; 
 (iii) Liens consisting of (A) Liens on Real Estate or assets relating
thereto (including the rents, issues and profits therefrom), other than any Unencumbered Asset Pool Properties or any interest therein (including the rents, issues and profits therefrom) or assets related thereto, securing Indebtedness which is
permitted by §8.1(g) or (B) pledges of security interests in the ownership interests of any Subsidiary of Parent Company which is not the Borrower or a Subsidiary Guarantor or the direct or indirect owner of an interest in a Subsidiary
Guarantor securing Indebtedness which is permitted by §8.1(g); 
 (iv) encumbrances on Real Estate consisting of
(A) easements, rights of way, zoning restrictions, restrictions on the use of real property and defects and irregularities in the title thereto, landlord’s or lessor’s liens under leases to which the Borrower or any such Subsidiary is
a party, and (B) purchase money security interests and other liens or encumbrances, which in each case do not individually or in the aggregate have a Material Adverse Effect; 

(v) Liens in favor of the Agent and the Lenders under the Loan Documents to secure the Obligations and the Hedge Obligations;

 (vi) [Intentionally Omitted]; 
 (vii) Liens in favor of the Equipment Lender under the Equipment Loan Documents to secure the obligations thereunder; and 
 (viii) Liens by Parent Company or its Subsidiaries (other than an Initial Subsidiary Guarantor or an Additional Subsidiary Guarantor (or any direct or indirect owners of such Subsidiaries)), on Cash or
Cash Equivalents. 
 Notwithstanding anything in this Agreement to the contrary, (x) no Subsidiary of Parent Company that
owns a direct or indirect interest in an Initial Subsidiary Guarantor or an Additional Subsidiary Guarantor (or any direct or indirect owners of such Subsidiaries) shall create or incur or suffer to be created or incurred or to exist any Lien other
than Liens contemplated in §§8.2(i), (ii), (v), (vi) and (vii) (as to QIPM only) and (y) neither the Borrower nor REIT (following the occurrence of the IPO Event) shall create or suffer to be created or incurred or to exist
any Lien other than Liens contemplated in §8.2(i), (ii), (iii)(A) (as to the headquarters building of REIT or the Borrower only), (iii)(B), (iv), (v) or (viii). 

  
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 §8.3 Restrictions on Investments. Neither the Borrower nor the Guarantors will,
nor will they permit any of their respective Subsidiaries to, make or permit to exist or to remain outstanding any Investment except Investments in: 
 (a) Cash Equivalents; 
 (b) marketable direct or guaranteed
obligations of the United States of America that mature within one (1) year from the date of purchase by the Borrower, such Guarantor or such Subsidiary; 
 (c) [Intentionally Omitted]; 
 (d) demand deposits, certificates of
deposit, bankers acceptances and time deposits of United States banks having total assets in excess of $100,000,000; provided, however, that the aggregate amount at any time so invested with any single bank having total assets of less
than $1,000,000,000 will not exceed $200,000; 
 (e) repurchase agreements having a term not greater than ninety
(90) days and fully secured by securities described in the foregoing subsection (a), (b) or (c) with banks described in the foregoing subsection (d) or with financial institutions or other corporations having total assets in
excess of $500,000,000; 
 (f) shares of so-called “money market funds” registered with the SEC under
the Investment Company Act of 1940 which maintain a level per-share value, invest principally in investments described in the foregoing subsections (b) through (e) and have total assets in excess of $50,000,000; 

(g) the acquisition of fee interests or long-term ground lease interests by Parent Company or its Subsidiaries in
(i) Real Estate which is utilized for income-producing Data Center Properties located in the continental United States or the District of Columbia and businesses and investments incidental thereto, and (ii) subject to the restrictions set
forth in this §8.3, the acquisition of Land Assets to be developed for the foregoing purposes and Development Properties to be used for the purposes set forth in §8.3(g)(i); 

(h) Investments by the Borrower and its Subsidiaries in (i) Wholly Owned Subsidiaries of the Borrower, or
(ii) entities that upon completion of a transaction will be a Wholly Owned Subsidiary of the Borrower; 

(i) Investments in Development Properties, provided that the aggregate Investment therein shall not exceed twenty-five
percent (25%) of Gross Asset Value; 
 (j) Investments in Land Assets, provided that the aggregate
Investment therein shall not exceed five percent (5%) of Gross Asset Value; 

  
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 (k) Investments by the Borrower in non-Wholly Owned Subsidiaries and
Unconsolidated Affiliates, provided that the aggregate Investment therein shall not exceed ten percent (10%) of Gross Asset Value; 
 (l) Investments (i) in equipment which will be incorporated into the development of Data Center Properties or the corporate headquarters of Parent Company and its Subsidiaries, (ii) with utility
companies to bring critical power to Data Center Properties, and (iii) with fiber optic companies to bring fiber optics to Data Center Properties; 
 (m) Investments in the Bonds or any security instruments securing the Bonds; 
 (n) Investments by the Borrower and REIT (after the occurrence of the IPO Event) in Real Estate to be used by the Borrower and REIT (after the occurrence of the IPO Event) as their corporate headquarters;
and 
 (o) After the occurrence of the IPO Event, Investments by Parent Company in the Borrower. 

Notwithstanding the foregoing, (x) in no event shall the aggregate value of the holdings of Parent Company and its Subsidiaries in the Investments
described in §8.3(i)-(k) exceed thirty-five percent (35%) of Gross Asset Value at any time and (y) in no event shall the Borrower, the Guarantors or any
of their respective Subsidiaries have any Investments in mortgages or notes receivable, except with respect to the Investments permitted in §8.3(m). 
 For the purposes of this §8.3, the Investment of Parent Company or its Subsidiaries in any non-Wholly Owned Subsidiaries and Unconsolidated Affiliates will
equal (without duplication) the sum of such Person’s pro rata share of any Investments valued at the GAAP book value. 

§8.4 Merger, Consolidation. The Borrower and Guarantors will not, and will not permit any of their respective Subsidiaries
to, become a party to any dissolution, liquidation, disposition of all or substantially all of its assets or business, merger, reorganization, consolidation or other business combination or agree to effect any asset acquisition, stock acquisition or
other acquisition individually or in a series of transactions which may have a similar effect as any of the foregoing, except for (i) the merger or consolidation of one or more of the Subsidiaries of the Borrower (other than any Subsidiary that
is an Initial Subsidiary Guarantor or an Additional Subsidiary Guarantor (or any direct or indirect owners of such Subsidiaries)) with and into the Borrower (it being understood and agreed that in any such event the Borrower will be the surviving
Person), (ii) the merger or consolidation of two or more Subsidiaries of the Borrower, (iii) any dissolution of a Subsidiary of the Borrower (other than a Subsidiary Guarantor) that owns no assets, (iv) dispositions permitted by
§8.8, (v) a merger of a Person with the Borrower or a Subsidiary of the Borrower (other than a Subsidiary which is an Initial Subsidiary Guarantor or an Additional Subsidiary Guarantor (or any direct or indirect owners of such
Subsidiaries)), so long as (A) such Person was organized under the laws of the United States of America or one of its states; (B) the surviving Person shall be the Borrower or such Subsidiaries of the Borrower; (C) the Borrower shall
have given the Agent at least ten (10) Business Days’ prior written notice of such merger; (D) such merger is completed as a result of 

  
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negotiations with the approval of the board of directors or similar body of such Person and is not a so called “hostile takeover”; (E) following such merger, Parent Company and its
Subsidiaries will continue to be engaged solely in the businesses permitted by §7.14, and (vi) Investments constituting asset acquisitions permitted by §8.3 and which are not mergers, reorganizations, consolidations or business
combinations; provided that no such merger, consolidation or acquisition shall be permitted in the event that a Default or Event of Default exists immediately before or would exist after giving effect thereto. 

§8.5 Sale and Leaseback. Except for Tax Driven Lease Transactions, the Borrower and the Guarantors will not, and will not
permit their respective Subsidiaries, to enter into any arrangement, directly or indirectly, whereby the Borrower, any Guarantor or any such Subsidiary shall sell or transfer any Real Estate owned by it in order that then or thereafter the Borrower
or any such Subsidiary shall lease back such Real Estate without the prior written consent of Agent, such consent not to be unreasonably withheld. 
 §8.6 Compliance with Environmental Laws. Neither the Borrower nor the Guarantors will, nor will any of them permit any of its respective Subsidiaries or any other Person to, do any of the
following: (a) use any of the Real Estate or any portion thereof as a facility for the handling, processing, storage or disposal of Hazardous Substances, except for quantities of Hazardous Substances used in the ordinary course of operating
large-scale data centers and in material compliance with all applicable Environmental Laws, (b) cause or permit to be located on any of the Real Estate any underground tank or other underground storage receptacle for Hazardous Substances except
in material compliance with Environmental Laws, (c) generate any Hazardous Substances on any of the Real Estate except in material compliance with Environmental Laws, (d) conduct any activity at any Real Estate or use any Real Estate in
any manner that could reasonably be contemplated to cause a Release of Hazardous Substances on, upon or into the Real Estate or any surrounding properties or any threatened Release of Hazardous Substances which might give rise to material liability
under CERCLA or any other Environmental Law, or (e) directly or indirectly transport or arrange for the transport of any Hazardous Substances (except in material compliance with all Environmental Laws), except, with respect to any Real Estate
other than Unencumbered Asset Pool Properties where any such use, generation, conduct or other activity has not had and could not reasonably be expected to have a Material Adverse Effect. 

The Borrower shall: 
 (i) in the event of any change in Environmental Laws governing the assessment, release or removal of Hazardous Substances, take all reasonable action (including, without limitation, the conducting of
engineering tests at the sole expense of the Borrower) to confirm that no Hazardous Substances are or ever were Released or disposed of on any Unencumbered Asset Pool Properties in violation of the applicable Environmental Law as so changed; and

 (ii) if any Release or disposal of Hazardous Substances which any Person may be legally obligated to contain, correct or
otherwise remediate or which may otherwise expose it to liability shall occur or shall have occurred on any Unencumbered Asset Pool Property (including without limitation any such Release or disposal occurring prior to the

  
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acquisition or leasing of such Unencumbered Asset Pool Property by the Borrower), the Borrower shall, after obtaining knowledge thereof, cause the prompt containment and removal of such Hazardous
Substances and remediation of the Unencumbered Asset Pool Property in full compliance with all applicable Environmental Laws; provided, that the Borrower shall be deemed to be in compliance with Environmental Laws for the purpose of this
clause (ii) so long as it or a responsible third party with sufficient financial resources is taking reasonable action to remediate or manage any event of noncompliance to the satisfaction of the Agent and no action shall have been commenced by
any enforcement agency. The Agent may engage its own Environmental Engineer to review the environmental assessments and the compliance with the covenants contained herein. 
 At any time after an Event of Default shall have occurred and is continuing hereunder the Agent may at its election (and will at the request of the Required Lenders) obtain such environmental assessments
of any or all of the Unencumbered Asset Pool Properties prepared by an Environmental Engineer as may be necessary or advisable for the purpose of evaluating or confirming (i) whether any Hazardous Substances are present in the soil or water at
or adjacent to any such Unencumbered Asset Pool Property and (ii) whether the use and operation of any such Unencumbered Asset Pool Property complies with all Environmental Laws to the extent required by the Loan Documents. Additionally, at any
time that the Agent or the Required Lenders shall have reasonable grounds to believe that a Release or threatened Release of Hazardous Substances which any Person may be legally obligated to contain, correct or otherwise remediate or which otherwise
may expose such Person to liability may have occurred, relating to any Unencumbered Asset Pool Property, or that any of the Unencumbered Asset Pool Properties is not in compliance with Environmental Laws to the extent required by the Loan Documents,
the Borrower shall promptly upon the request of Agent obtain and deliver to Agent such environmental assessments of such Unencumbered Asset Pool Property prepared by an Environmental Engineer as may be reasonably necessary or advisable for the
purpose of evaluating or confirming (i) whether any Hazardous Substances are present in the soil or water at or adjacent to such Unencumbered Asset Pool Property at levels that would require remediation under applicable Environmental Law and
(ii) whether the use and operation of such Unencumbered Asset Pool Property comply with all Environmental Laws to the extent required by the Loan Documents. Environmental assessments may include detailed visual inspections of such Unencumbered
Asset Pool Property including, without limitation, any and all storage areas, storage tanks, drains, dry wells and leaching areas, and the taking of soil samples, as well as such other investigations or analyses as are reasonably necessary or
appropriate for a complete determination of the compliance of such Unencumbered Asset Pool Property and the use and operation thereof with all applicable Environmental Laws. All environmental assessments contemplated by this §8.6 shall be at
the sole cost and expense of the Borrower. 
 §8.7 Distributions. 

(a) Neither the Borrower nor, after the IPO Event, REIT, shall pay any Distribution to its respective partners, members or
other owners, if such Distribution is in excess of the amount which when added to the amount of all other Distributions paid in the same calendar quarter and the preceding three (3) calendar quarters, plus any amounts paid by the Borrower
pertaining to the QTLP Subordinate Debt (subject to the last sentence of this §8.7(a)), would exceed the sum of ninety-five percent (95%) of such Person’s Funds from 

  
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Operations for such period plus any interest expense relating to the QTLP Subordinate Note deducted in calculating Funds from Operations for such period; provided that the
limitations contained in this §8.7(a) shall not preclude (1) prior to the IPO Event, the Borrower from making Distributions in an amount equal to the minimum distributions required under the Code to maintain the REIT Status of General
Atlantic, as evidenced by a certification of the principal financial or accounting officer of the Borrower containing calculations in detail reasonably satisfactory in form and substance to the Agent, and (2) after the occurrence of the IPO
Event, Parent Company and the Borrower from making Distributions in an amount equal to the minimum distributions required under the Code to maintain the REIT Status of REIT following the date that REIT elects to be a real estate investment trust
under the Code, as evidenced by a certification of the principal financial or accounting officer of Parent Company containing calculations in detail reasonably satisfactory in form and substance to the Agent. Notwithstanding the foregoing, any
amounts paid by the Borrower pertaining to the QTLP Subordinate Debt from proceeds of any Equity Offering shall not be included in any calculation to determine Borrower’s compliance with the limitation on Distributions contained in this
§8.7(a) so long as (i) no Default or Event of Default then exists, (ii) such proceeds are actually applied to the QTLP Subordinate Debt within two (2) Business Days of the Equity Offering, and (iii) the amount of funds
applied to the QTLP Subordinate Debt from such Equity Offering do not exceed Thirty Million and No/100 Dollars ($30,000,000.00). 
 (b) In the event that an Event of Default shall have occurred and be continuing, (i) the Borrower shall make no Distributions, and (ii) the Borrower and REIT shall make no Distributions to its
respective partners, members or other owners, other than (1) prior to the IPO Event, Distributions in an amount equal to the minimum distributions required under the Code to maintain the REIT Status of General Atlantic, as evidenced by a
certification of the principal financial or accounting officer of the Borrower containing calculations in detail reasonably satisfactory in form and substance to the Agent, and (2) after the IPO Event, if REIT exists and has elected REIT
Status, Distributions in an amount equal to the minimum distributions required under the Code to maintain the REIT Status of REIT, as evidenced by a certification of the principal financial or accounting officer of Parent Company containing
calculations in detail reasonably satisfactory in form and substance to the Agent. 
 (c) Notwithstanding the
foregoing, at any time when an Event of Default under §12.1(a), (b), (h), (i) or (j) shall have occurred or the maturity of the Obligations has been accelerated, the Borrower and REIT shall not make any Distributions whatsoever,
directly or indirectly. 
 (d) The foregoing provisions in this §8.7 shall not limit the ability of REIT or
the Borrower (i) to retain, acquire, relinquish or sell stock awarded to its employees pursuant to equity compensation programs in the ordinary course of business in order to pay applicable withholding tax obligations of such employee or
(ii) to issue, to obtain the surrender of, or relinquish Equity Interests upon the exercise of stock options, warrants or other rights to acquire Equity Interests. 

(e) Notwithstanding anything to the contrary contained in this Agreement or in the QTLP Subordination and Standstill
Agreement, the Borrower may (I) convert any or 

  
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all of the principal of the QTLP Subordinate Note to additional equity interests in the Borrower issued to Chad L. Williams or Quality Group, and (II) following the conversion of at least
$10,000,000 of principal of the QTLP Subordinate Note pursuant to §8.7(e)(I), prepay in full any remaining balance of the QTLP Subordinate Note so long as no Default or Event of Default exists at the time of, or will be caused by, such
prepayment. Any such prepayments made by the Borrower as result of (I) or (II) above shall not be in any calculation to determine the Borrower’s compliance with the limitation on Distributions contained in §8.7(a). 

§8.8 Asset Sales. The Borrower and the Guarantors will not, and will not permit their respective Subsidiaries to, sell,
transfer or otherwise dispose of any material asset other than pursuant to a bona fide arm’s length transaction. Neither the Borrower, any Guarantor nor any Subsidiary thereof shall sell, transfer or otherwise dispose of any Real Estate in one
transaction or a series of transactions during any four (4) consecutive fiscal quarters in excess of an amount equal to twenty-five percent (25%) of Gross Asset Value, except as the result of a condemnation or casualty and except for the
granting of Permitted Liens, as applicable, without the prior written consent of Agent and the Required Lenders. For the purpose of calculating the twenty-five percent (25%) threshold in the preceding
sentence, in the event of any sale, transfer or other disposition of any Real Estate by Parent Company or any Subsidiary to any Person which is a non-Wholly Owned Subsidiary, only the portion of the Real Estate in which the Borrower or the
transferring Subsidiary does not retain an interest shall be counted toward such threshold. A transfer from Parent Company or any Subsidiary to a Wholly Owned Subsidiary of the Borrower or among Wholly Owned Subsidiaries of the Borrower shall not
count against the twenty five percent (25%) limit. 
 §8.9 Cross-Collateralization. Neither the Borrower nor
any Guarantor shall Cross-Collateralize, or agree to Cross-Collateralize, Indebtedness. 
 §8.10 Restriction on
Prepayment of Indebtedness. The Borrower and the Guarantors will not, and will not permit their respective Subsidiaries to, (a) subject to §12.5, prepay, redeem, defease, purchase or otherwise retire the principal amount or pay any
termination, breakage or similar payments under Derivative Contracts, in whole or in part, of any Indebtedness other than the Obligations and the Hedge Obligations after the occurrence and during the continuance of any Event of Default;
provided, that the foregoing shall not prohibit (x) the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of §8.1; and (y) the prepayment,
redemption, defeasance or other retirement of the principal of Indebtedness secured by Real Estate which is satisfied solely from the proceeds of a sale of the Real Estate securing such Indebtedness; and (b) modify any document evidencing any
Indebtedness (other than the Obligations) to accelerate the maturity date of such Indebtedness after the occurrence and during the continuance of an Event of Default. 
 §8.11 Zoning and Contract Changes and Compliance. The Borrower shall not initiate or consent to any zoning reclassification of any of the Unencumbered Asset Pool Properties or seek any
variance under any existing zoning ordinance or use or permit the use of any Unencumbered Asset Pool Property in any manner that could result in such use becoming a non-conforming use under any zoning ordinance or any other applicable land use law,
rule or regulation without the prior written consent of Agent. The Borrower shall not initiate any 

  
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change in any laws, requirements of governmental authorities or obligations created by private contracts (other than the Leases, which are governed by §7.13) which now or hereafter may
materially adversely affect the ownership, occupancy, use or operation of any Unencumbered Asset Pool Property. 
 §8.12
Derivatives Contracts. Neither the Borrower, the Guarantors nor any of their Subsidiaries shall contract, create, incur, assume or suffer to exist any Derivatives Contracts except for Hedge Obligations and interest rate swap, collar, cap or
similar agreements providing interest rate protection and currency swaps and currency options (including any Hedge Obligations) made in the ordinary course of business and permitted pursuant to §8.1. 

§8.13 Transactions with Affiliates. Neither the Borrower nor the Guarantors shall, and none of them shall permit any
Subsidiary of the Borrower or any Guarantor to, permit to exist or enter into, any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate (but not including any Wholly Owned
Subsidiary of the Borrower), except (a) transactions pursuant to the reasonable requirements of the business of such Person and upon fair and reasonable terms which are substantially no less favorable to such Person than would be obtained in a
comparable arm’s length transaction with a Person that is not an Affiliate and (b) the agreements described in §7.18(a)(i)(B)(1) which have been approved by Agent. 

§8.14 Equity Pledges. 
 (a) Except as may be permitted in the definition of “Change of Control” in §1.1, prior to the IPO Event, the Borrower will not create or incur or suffer to be created or incurred any Lien
on any of its direct or indirect legal, equitable or beneficial interest in the Subsidiary Guarantors, including, without limitation, any Distributions or rights to Distributions on account thereof. 

(b) Notwithstanding anything in this Agreement to the contrary, neither Parent Company nor any of its Subsidiaries, will
create or incur or suffer to be created or incurred any Lien on any of its direct or indirect legal, equitable or beneficial interest in the Borrower or any Subsidiary Guarantor, including, without limitation, any Distributions or rights to
Distributions on account thereof. 
 §8.15 Management Fees. The Borrower and Subsidiary Guarantors shall not pay,
and shall not permit to be paid, any management fees or other payments under any Management Agreement for any Unencumbered Asset Pool Property to any manager or service provider that is an Affiliate of the Borrower in the event that a Default or
Event of Default shall have occurred and be continuing. 
 §8.16 Equipment Loan Documents. The Borrower agrees to
deliver, or cause to be delivered, within one (1) Business Day to the Agent copies of any default notices, and, promptly after receipt thereof, copies of any other material notices, certificates, requests, demands or other instruments
(including without limitation any notice of default, acceleration or the exercise or threat of exercise of any remedies under the Equipment Loan Documents) furnished or delivered to or by the Borrower or QIPM under or in any way relating to the
Equipment Loan 

  
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Documents. The Borrower shall not permit the modification, amendment, termination, extension, or any consent or waiver under the Equipment Loan Documents in any respect without the prior written
approval of the Required Lenders, other than those certain modifications, amendments, terminations, extensions, consents or matters which do not require Agent’s or any Lender’s consent under the Equipment Intercreditor Agreement.

 §8.17 Leasing Activities. 

(a) Neither the Borrower, Guarantors nor any Affiliate of the Borrower or Guarantors shall prompt, direct, cause or
otherwise encourage any tenant or licensee at the Metro Property to relocate to space or acquire other rights at or in connection with the Suwanee Property without the prior written consent of Agent; provided it shall not be a violation or breach of
this §8.17(a) in the event (i) a tenant or licensee shall in good faith initiate discussions with respect to relocating to space or acquiring other rights at or in connection with the Suwanee Property or (ii) if a tenant or licensee
has not initiated such discussions, (A) following such relocation the Unencumbered Asset Pool Debt Yield is equal to or greater than twenty percent (20%) and (B) QIPM in good faith believes that such relocation is strategically for
the benefit of the tenant or licensee. 
 (b) Neither the Borrower, Guarantors nor any Affiliate of the Borrower
or Guarantors shall prompt, direct, cause or otherwise encourage any tenant or licensee at the Suwanee Property to relocate to space or acquire other rights at or in connection with the Metro Property without the prior written consent of Agent;
provided it shall not be a violation or breach of this §8.17(b) in the event (i) a tenant or licensee shall in good faith initiate discussions with respect to relocating to space or acquiring other rights at or in connection with the Metro
Property or (ii) if a tenant or licensee has not initiated such discussions, (A) following such relocation the Unencumbered Asset Pool Debt Yield is equal to or greater than twenty percent (20%) and (B) QIPS in good faith
believes that such relocation is strategically for the benefit of the tenant or licensee. 
 §8.18 Tax Driven Lease
Transactions. Until any real property asset of the Borrower or a Subsidiary Guarantor that is subject to a Tax Driven Lease Transaction has been repurchased by the Borrower or such Subsidiary Guarantor as provided in the applicable Tax Driven
Lease Transaction Documents, neither the Borrower nor any Subsidiary Guarantor shall, without the prior written consent of the Agent, modify or amend any Tax Driven Lease Transaction Documents, or any other agreement related thereto, in any manner
that would (i) cause a change in the accounting treatment of such Tax Driven Lease Transaction under GAAP, (ii) adversely affect in any material respect the ability of the Borrower or a Subsidiary Guarantor to repurchase any property of
the Borrower or a Subsidiary Guarantor that is subject to a Tax Driven Lease Transaction for nominal consideration or (iii) otherwise cause such transaction to not meet the terms of the definition of Tax Driven Lease Transactions. 

§8.19 Subordinate Debt. The Borrower shall be permitted to pay amounts with respect to the “Subordinate Debt” (as
defined in each of the Subordination and Standstill Agreements) only at such times and to the extent that no Default or Event of Default exists or would arise as a result thereof. Without the prior written consent of the Required Lenders, which
consent may be withheld by the Required Lenders in their sole and absolute discretion, the Borrower shall 

  
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not (i) modify or amend the Subordinate Debt, except modifications or amendments to the Equipment Loan Documents, (ii) prepay, amortize, purchase, retire, redeem or otherwise acquire
the Subordinate Debt, except as expressly permitted in the Subordination and Standstill Agreements or in §8.7(e), or (iii) make any payments on the Subordinate Debt except as permitted in this §8.19 or in §8.7(e). 

§8.20 Other Unsecured Debt Restrictions. The Borrower and REIT shall not, and shall not permit any of their respective
Subsidiaries to, secure any other Unsecured Debt with a lien on the Unencumbered Asset Pool Properties unless and until the Notes (and any guaranty delivered in connection therewith) shall concurrently be secured equally and ratably with such
Unsecured Debt pursuant to documentation reasonably acceptable to the Agent in substance and in form, including, without limitation, an intercreditor agreement and opinions of counsel to the Borrower, REIT and/or any such Subsidiary, as the case may
be, from counsel that is reasonably acceptable to the Agent. For the sake of clarity, Borrower acknowledges and agrees that in no event shall the granting of any such liens contemplated by the preceding sentence be construed to limit any of the
requirements of this Agreement for Eligible Real Estate, including, without limitation, those set forth in the definition of “Eligible Real Estate” and §7.18. 

 

	§9.	FINANCIAL COVENANTS. 

 The
Borrower covenants and agrees that, so long as any Loan, Note or Letter of Credit (other than Letters of Credit the expirations of which extend beyond the Letter of Credit Expiration Date as permitted under §2.10 and in respect to which the
Borrower has satisfied the requirements of such section or §2.12, as applicable) is outstanding or any Lender has any obligation to make any Loans or issue Letters of Credit: 

§9.1 Unencumbered Asset Pool Availability. The Borrower shall not permit at any time the outstanding principal balance of the
Loans and the Letter of Credit Liabilities to exceed the Unencumbered Asset Pool Availability. 
 §9.2 [Intentionally
Omitted.] 
 §9.3 Adjusted Consolidated EBITDA to Consolidated Fixed Charges. Parent Company will not permit at
any time the ratio of (a) Adjusted Consolidated EBITDA to (b) Consolidated Fixed Charges for the prior two (2) most recently ended calendar quarters annualized to be less than 1.75 to 1.00. 

§9.4 Consolidated Total Indebtedness to Gross Asset Value. Parent Company will not at any time permit the ratio of
Consolidated Total Indebtedness to Parent Company’s Gross Asset Value (expressed as a percentage) to exceed fifty-five percent (55%). 

§9.5 Minimum Consolidated Tangible Net Worth. Parent Company will not at any time permit Parent Company’s Consolidated
Tangible Net Worth to be less than the sum of (a) eighty-five percent (85%) of the Net Offering Proceeds of an Equity Offering (excluding any proceeds from equity infusions used to redeem existing
shareholders of the Borrower at the IPO Event), plus (b) $408,000,000.00, plus (c) eighty-five percent (85%) of the value of interests in the Borrower issued upon the contribution of assets to the Borrower or its
Subsidiaries (with such value determined at the time of contribution). 

  
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 §9.6 Maximum Unhedged Variable Rate Debt. Parent Company shall not at any time
permit the Unhedged Variable Rate Debt of Parent Company and its Subsidiaries to exceed thirty percent (30%) of Gross Asset Value. 
  

	§10.	CLOSING CONDITIONS. 

 The
obligation of the Lenders to make the Loans or issue Letters of Credit shall be subject to the satisfaction, or waiver, of the following conditions precedent: 
 §10.1 Loan Documents. Each of the Loan Documents shall have been duly executed and delivered by the respective parties thereto and shall be in full force and effect. The Agent shall have
received a fully executed counterpart of each such document. 
 §10.2 Certified Copies of Organizational Documents.
The Agent shall have received from the Borrower and each Guarantor a certificate of no change or a copy, certified as of a recent date by the appropriate officer of each State in which such Person is organized and in which the Unencumbered Asset
Pool Properties are located and a duly authorized officer, partner or member of such Person, as applicable, to be true and complete, of the partnership agreement, corporate charter or operating agreement and/or other organizational agreements of the
Borrower or such Guarantor, as applicable, and its qualification to do business, as applicable, as in effect on such date of certification. 
 §10.3 Resolutions. All action on the part of the Borrower and each Guarantor, as applicable, necessary for the valid execution, delivery and performance by such Person of this Agreement and
the other Loan Documents to which such Person is or is to become a party shall have been duly and effectively taken, and evidence thereof reasonably satisfactory to the Agent shall have been provided to the Agent. 

§10.4 Incumbency Certificate; Authorized Signers. The Agent shall have received from the Borrower and each Guarantor an
incumbency certificate, dated as of the Closing Date, signed by a duly authorized officer of such Person and giving the name and bearing a specimen signature of each individual who shall be authorized to sign, in the name and on behalf of such
Person, each of the Loan Documents to which such Person is or is to become a party. The Agent shall have also received from the Borrower and each Guarantor a certificate, dated as of the Closing Date, signed by a duly authorized representative of
the Borrower or Guarantors, as the case may be, and giving the name and specimen signature of each Authorized Officer who shall be authorized to make Loan Requests, Letter of Credit Requests, and Conversion/Continuation Requests and to give notices
and to take other action on behalf of the Borrower under the Loan Documents. 
 §10.5 Opinion of Counsel. The Agent
shall have received an opinion addressed to the Lenders and the Agent and dated as of the Closing Date from counsel to the Borrower and the Guarantors in form and substance reasonably satisfactory to the Agent. 

§10.6 Payment of Fees. The Borrower and the Guarantors shall have paid to the Agent the fees payable pursuant to §4.2.

 §10.7 [Intentionally Omitted.] 

  
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 §10.8 Performance; No Default. The Borrower and Guarantors shall have performed
and complied in all material respects with the terms and conditions herein required to be performed or complied with by it on or prior to the Closing Date, and on the Closing Date there shall exist no Default or Event of Default. 

§10.9 Representations and Warranties. The representations and warranties made by the Borrower and the Guarantors in the Loan
Documents or otherwise made by or on behalf of the Borrower, the Guarantors and their respective Subsidiaries in connection therewith or after the date thereof shall have been true and correct in all material respects when made and shall also be
true and correct in all material respects (except to the extent that any representation and warranty that is qualified by materiality shall be true and correct in all respects) on the Closing Date, except to the extent such representation and
warranty is as of a specific date in which case such representation and warranty shall be true and correct in all material respects (except to the extent that any representation and warranty that is qualified by materiality shall be true and correct
in all respects) as of such earlier date. 
 §10.10 Proceedings and Documents. All proceedings in connection with
the transactions contemplated by this Agreement and the other Loan Documents shall be reasonably satisfactory to the Agent and the Agent’s counsel in form and substance, and the Agent shall have received all information and such counterpart
originals or certified copies of such documents and such other certificates, opinions, assurances, consents, approvals or documents as the Agent and the Agent’s counsel may reasonably require. 

§10.11 Eligible Real Estate Qualification Documents. The Eligible Real Estate Qualification Documents for each of the Initial
Unencumbered Asset Pool Properties shall have been delivered to the Agent at the Borrower’s expense and shall be in form and substance reasonably satisfactory to the Agent. 

§10.12 Compliance Certificate. The Agent shall have received a Compliance Certificate dated as of the date of the Closing
Date demonstrating compliance with each of the covenants calculated therein as of the most recent calendar quarter for which Parent Company has provided financial statements under §6.4 adjusted in the best good faith estimate of Parent Company
as of the Closing Date. 
 §10.13 [Intentionally Omitted.] 

§10.14 Consents. The Agent shall have received evidence reasonably satisfactory to the Agent that all necessary stockholder,
partner, member or other consents required in connection with the consummation of the transactions contemplated by this Agreement and the other Loan Documents have been obtained. 

§10.15 Contribution Agreement. The Agent shall have received an executed counterpart of the Contribution Agreement.

 §10.16 Equipment Intercreditor Agreement. The Agent shall have received an executed counterpart of the Equipment
Intercreditor Agreement. 

  
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 §10.17 QTLP Subordination and Standstill Agreement. The Agent shall have
received an executed counterpart of the QTLP Subordination and Standstill Agreement. 
 §10.18 [Intentionally
Omitted.] 
 §10.19 Bond Subordination and Standstill Agreement. The Agent shall have received an executed
counterpart of the Bond Subordination and Standstill Agreement. 
 §10.20 [Intentionally Omitted.] 

§10.21 Other. The Agent shall have reviewed such other documents, instruments, certificates, opinions, assurances, consents
and approvals as the Agent or the Agent’s Special Counsel may reasonably have requested. 
  

	§11.	CONDITIONS TO ALL BORROWINGS. 

The obligations of the Lenders to make any Loan or issue Letters of Credit, whether on or after the Closing Date, shall also be subject to
the satisfaction of the following conditions precedent: 
 §11.1 Prior Conditions Satisfied. All conditions set
forth in §10 shall continue to be satisfied as of the date upon which any Loan is to be made or any Letter of Credit is to issued. 
 §11.2 Representations True; No Default. Each of the representations and warranties made by or on behalf of the Borrower, the Guarantors or any of their respective Subsidiaries contained in
this Agreement, the other Loan Documents or in any document or instrument delivered pursuant to or in connection with this Agreement shall be true in all material respects both as of the date as of which they were made and shall also be true in all
material respects (except to the extent that any representation and warranty that is qualified by materiality shall be true and correct in all respects) as of the time of the making of such Loan or issuance of such Letters of Credit, with the same
effect as if made at and as of that time, except to the extent of changes resulting from transactions permitted by the Loan Documents (it being understood and agreed that any representation or warranty which by its terms is made as of a specified
date shall be required to be true and correct only as of such specified date), and no Default or Event of Default shall have occurred and be continuing. 
 §11.3 Borrowing Documents. The Agent shall have received a fully completed Loan Request for such Loan and the other documents and information (including, without limitation, a Compliance
Certificate) as required by §2.7 or a fully completed Letter of Credit Request required by §2.10 in the form of Exhibit H hereto fully completed, as applicable. 

 

	§12.	EVENTS OF DEFAULT; ACCELERATION; ETC. 

 §12.1 Events of Default and Acceleration. If any of the following events (“Events of Default” or, if the giving of notice or the lapse of time or both is required, then, prior to
such notice or lapse of time, “Defaults”) shall occur: 
 (a) the Borrower shall fail to pay any
principal of the Loans when the same shall become due and payable, whether at the stated date of maturity or any accelerated date of maturity or at any other date fixed for payment; 

  
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 (b) the Borrower shall fail to pay any interest on the Loans, any
reimbursement obligations with respect to the Letters of Credit, or any fees or other sums due hereunder or under any of the other Loan Documents when the same shall become due and payable, whether at the stated date of maturity or any accelerated
date of maturity or at any other date fixed for payment; 
 (c) the Borrower shall fail to comply with the
covenant contained in §9.1 and such failure shall continue for five (5) Business Days after written notice thereof shall have been given to the Borrower by the Agent; 

(d) any of the Borrower, the Guarantors or any of their respective Subsidiaries shall fail to perform any other term,
covenant or agreement contained in §8.20, §9.3, §9.4, §9.5 or §9.6; 
 (e) any of the
Borrower, the Guarantors or any of their respective Subsidiaries shall fail to perform any other term, covenant or agreement contained herein or in any of the other Loan Documents which they are required to perform (other than those specified in the
other subclauses of this §12 or in the other Loan Documents); 
 (f) any representation or warranty made by
or on behalf of the Borrower, the Guarantors or any of their respective Subsidiaries in this Agreement or any other Loan Document, or any report, certificate, financial statement, request for a Loan, Letter of Credit Request, or in any other
document or instrument delivered pursuant to or in connection with this Agreement, any advance of a Loan, the issuance of any Letter of Credit or any of the other Loan Documents shall prove to have been false in any material respect upon the date
when made or deemed to have been made or repeated; 
 (g) any of the Borrower, the Guarantors or any of their
respective Subsidiaries shall fail to pay when due (including, without limitation, at maturity), or within any applicable period of grace, any principal, interest or other amount on account any obligation for borrowed money or credit received or
other Indebtedness (including under any Derivatives Contract), or shall fail to observe or perform any term, covenant or agreement contained in any agreement by which it is bound, evidencing or securing any obligation for borrowed money or credit
received or other Indebtedness (including under any Derivatives Contract) for such period of time as would permit (assuming the giving of appropriate notice if required) the holder or holders thereof or of any obligations issued thereunder to
accelerate the maturity thereof or require the termination or other settlement of such obligation; provided that the events described in §12.1(g) shall not constitute an Event of Default unless such failure to perform, together with
other failures to perform as described in §12.1(g), involve singly or in the aggregate obligations for borrowed money or credit received or other Recourse Indebtedness totaling in excess of $15,000,000.00 or Non-Recourse Indebtedness in excess
of $60,000,000.00; 

  
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 (h) any of the Borrower, the Guarantors or any of their respective
Subsidiaries (i) shall make an assignment for the benefit of creditors, or admit in writing its general inability to pay or generally fail to pay its debts as they mature or become due, or shall petition or apply for the appointment of a
trustee or other custodian, liquidator or receiver for it or any substantial part of its assets, (ii) shall commence any case or other proceeding relating to it under any bankruptcy, reorganization, arrangement, insolvency, readjustment of
debt, dissolution or liquidation or similar law of any jurisdiction, now or hereafter in effect, or (iii) shall take any action to authorize or in furtherance of any of the foregoing; 

(i) a petition or application shall be filed for the appointment of a trustee or other custodian, liquidator or receiver
of any of the Borrower, the Guarantors or any of their respective Subsidiaries or any substantial part of the assets of any thereof, or a case or other proceeding shall be commenced against any such Person under any bankruptcy, reorganization,
arrangement, insolvency, readjustment of debt, dissolution or liquidation or similar law of any jurisdiction, now or hereafter in effect, and any such Person shall indicate its approval thereof, consent thereto or acquiescence therein or such
petition, application, case or proceeding shall not have been dismissed within sixty (60) days following the filing or commencement thereof; 
 (j) a decree or order is entered appointing a trustee, custodian, liquidator or receiver for any of the Borrower, the Guarantors or any of their respective Subsidiaries or adjudicating any such Person,
bankrupt or insolvent, or approving a petition in any such case or other proceeding, or a decree or order for relief is entered in respect of any such Person in an involuntary case under federal bankruptcy laws as now or hereafter constituted;

 (k) there shall remain in force, undischarged, unsatisfied and unstayed, for more than sixty (60) days,
whether or not consecutive, one or more uninsured or unbonded final judgments, orders, awards, writs execution or attachments against the Borrower, Guarantors or any of their respective Subsidiaries that, either individually or in the aggregate,
exceed $10,000,000.00; 
 (l) any of the Loan Documents, the Contribution Agreement, the Equipment Intercreditor
Agreement or the Subordination and Standstill Agreements shall be canceled, terminated, revoked or rescinded otherwise than in accordance with the terms thereof or the express prior written agreement, consent or approval of the Lenders, or any
action at law, suit in equity or other legal proceeding to cancel, revoke or rescind any of the Loan Documents, the Contribution Agreement, the Equipment Intercreditor Agreement or the Subordination and Standstill Agreements shall be commenced by or
on behalf of the Borrower or any of the Guarantors, or any court or any other governmental or regulatory authority or agency of competent jurisdiction shall make a determination, or issue a judgment, order, decree or ruling, to the effect that any
one or more of the Loan Documents, the Contribution Agreement, the Equipment Intercreditor Agreement or the Subordination and Standstill Agreements is illegal, invalid or unenforceable in accordance with the terms thereof; 

(m) any dissolution, termination, partial or complete liquidation, merger or consolidation of any of the Borrower, the
Guarantors or any of their respective Subsidiaries shall occur or any sale, transfer or other disposition of the assets of any of the Borrower, the Guarantors or any of their respective Subsidiaries shall occur other than as permitted under the
terms of this Agreement or the other Loan Documents; 

  
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 (n) with respect to any Guaranteed Pension Plan, an ERISA Reportable Event
shall have occurred and the Required Lenders shall have determined in their reasonable discretion that such event reasonably could be expected to result in liability of any of the Borrower, the Guarantors or any of their respective Subsidiaries to
the PBGC or such Guaranteed Pension Plan in an aggregate amount exceeding $10,000,000.00 and (x) such event in the circumstances occurring reasonably could constitute grounds for the termination of such Guaranteed Pension Plan by the PBGC or
for the appointment by the appropriate United States District Court of a trustee to administer such Guaranteed Pension Plan; or (y) a trustee shall have been appointed by the United States District Court to administer such Plan; or (z) the
PBGC shall have instituted proceedings to terminate such Guaranteed Pension Plan; 
 (o) the Borrower, any
Guarantor or any of their respective Subsidiaries or any shareholder, officer, director, partner or member of any of them shall be indicted for a federal crime, a punishment for which could include the forfeiture of (i) any assets of the
Borrower, the Guarantors or any of their respective Subsidiaries which in the good faith judgment of the Required Lenders could have a Material Adverse Effect, or (ii) the Unencumbered Asset Pool Properties; 

(p) any Change of Control shall occur; 

(q) an Event of Default under any of the other Loan Documents shall occur; 

(r) notwithstanding anything herein to the contrary (including without limitation §12.1(g)), the Borrower and the
Guarantors hereby expressly agree that any “Event of Default” (as defined in the Equipment Loan Documents) (which shall be deemed to include maturity of the debt evidenced and secured by the Equipment Loan Documents or any other occurrence
which would give the Equipment Lender the right to exercise remedies under the Equipment Loan Documents) shall constitute and be deemed to be an Event of Default under this Agreement for which no right to cure shall be available. Without limiting
the foregoing, an “Event of Default” under the Equipment Loan Documents shall conclusively be deemed to have occurred upon the declaration, statement or notice from the Equipment Lender’s as to the existence or occurrence of an
“Event of Default” under any of the Equipment Loan Documents; 
 (s) Any default, material
misrepresentation or breach of warranty in the QTLP Subordination and Standstill Agreement by Borrower or the subordinate lender that is the holder of QTLP Subordinate Note; 

(t) [Intentionally Omitted.] 
 (u) Any default, material misrepresentation or breach of warranty in the Bond Subordination and Standstill Agreement by the Authority or the subordinate lender that is the holder of the Bond; 

  
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 then, and in any such event, the Agent may, and upon the request of the Required Lenders shall, by notice in
writing to the Borrower declare all amounts owing with respect to this Agreement, the Notes, the Letters of Credit and the other Loan Documents to be, and they shall thereupon forthwith become, immediately due and payable without presentment,
demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; provided that in the event of any Event of Default specified in §12.1(h), §12.1(i) or §12.1(j), all such amounts shall become
immediately due and payable automatically and without any requirement of presentment, demand, protest or other notice of any kind from any of the Lenders or the Agent. Upon demand by Agent or the Majority Revolving Credit Lenders in their absolute
and sole discretion after the occurrence of an Event of Default, and regardless of whether the conditions precedent in this Agreement for a Revolving Credit Loan have been satisfied, the Revolving Credit Lenders will cause a Revolving Credit Loan to
be made in the undrawn amount of all Letters of Credit. The proceeds of any such Revolving Credit Loan will be pledged to and held by Agent as security for any amounts that become payable under the Letters of Credit and all other Obligations and
Hedge Obligations. In the alternative, if demanded by Agent in its absolute and sole discretion after the occurrence of an Event of Default, the Borrower will Cash Collateralize the Letter of Credit Liabilities (in an amount equal to the amount of
all undrawn Letters of Credit). Such amounts will be pledged to and held by Agent for the benefit of the Lenders as security for any amounts that become payable under the Letters of Credit and all other Obligations and Hedge Obligations in
accordance with §2.12. Upon any draws under Letters of Credit, at Agent’s sole discretion, Agent may apply any such amounts to the repayment of amounts drawn thereunder and upon the expiration of the Letters of Credit any remaining amounts
will be applied to the payment of all other Obligations and Hedge Obligations or if there are no outstanding Obligations and Hedge Obligations and Lenders have no further obligation to make Revolving Credit Loans or issue Letters of Credit or if
such excess no longer exists, such proceeds deposited by the Borrower will be released to the Borrower. 
  

	§12.2	Certain Cure Periods; Limitation of Cure Periods. 

 (a) Notwithstanding anything contained in §12.1 to the contrary, (i) no Event of Default shall exist hereunder upon the occurrence of any failure described in §12.1(b) in the event that the
Borrower cures such Default within five (5) Business Days after the date such payment is due, provided, however, that Borrower shall not be entitled to receive more than two (2) grace periods in the aggregate pursuant to this
clause (i) in any period of 365 days ending on the date of any such occurrence of Default, and provided further that no such cure period shall apply to any payments due upon the maturity of the Notes, and (ii) no Event of
Default shall exist hereunder upon the occurrence of any failure described in §12.1(e) in the event that the Borrower cures such Default within thirty (30) days following receipt of written notice of such default, provided that the
provisions of this clause (ii) shall not pertain to any default consisting of a failure to comply with §7.4(c), §7.14, §7.19, §7.22, §7.26, §8.1, §8.2, §8.3, §8.4, §8.5, §8.7, §8.8,
§8.9, §8.10, §8.14 or to any Default excluded from any provision of cure of defaults contained in any other of the Loan Documents. 
 (b) In the event that there shall occur any Default that affects only certain Unencumbered Asset Pool Properties or the owner(s) thereof, then the Borrower may elect to cure such Default (so long as no
other Default or Event of Default would arise as a result) by electing to have Agent remove such Unencumbered Asset Pool Property from the calculation 

  
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of the Unencumbered Asset Pool Availability and by reducing the outstanding Loans by the amount of the Unencumbered Asset Pool Availability attributable to such Unencumbered Asset Pool Property,
in which event such removal and reduction shall be completed within five (5) days after receipt of notice of such Default from the Agent or the Required Lenders. 

(c) Notwithstanding anything in this Agreement or any other Loan Document to the contrary, any reference in this Agreement
or any other Loan Document to “the continuance of a default” or “the continuance of an Event of Default” or any similar phrase shall not create or be deemed to create any right of the Borrower, any Guarantor or any other party to
cure any default following the expiration of any applicable grace or notice and cure period. 
 §12.3 Termination of
Commitments. If any one or more Events of Default specified in §12.1(h), §12.1(i) or §12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder
shall terminate and the Lenders shall be relieved of all obligations to make Loans or issue Letters of Credit to the Borrower. If any other Event of Default shall have occurred, the Agent may, and upon the election of the Majority Revolving Credit
Lenders shall, by notice to the Borrower terminate the obligation to make Revolving Credit Loans and issue Letters of Credit to the Borrower. No termination under this §12.3 shall relieve the Borrower or the Guarantors of their obligations to
the Lenders arising under this Agreement or the other Loan Documents. 
 §12.4 Remedies. In case any one or more
Events of Default shall have occurred and be continuing, and whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to §12.1, the Agent on behalf of the Lenders may, and upon the direction of the Required Lenders
shall, proceed to protect and enforce their rights and remedies under this Agreement, the Notes and/or any of the other Loan Documents by suit in equity, action at law or other appropriate proceeding, including to the full extent permitted by
applicable law the specific performance of any covenant or agreement contained in this Agreement and the other Loan Documents, the obtaining of the ex parte appointment of a receiver, and, if any amount shall have become due, by declaration or
otherwise, the enforcement of the payment thereof. No remedy herein conferred upon the Agent or the holder of any Note is intended to be exclusive of any other remedy and each and every remedy shall be cumulative and shall be in addition to every
other remedy given hereunder or now or hereafter existing at law or in equity or by statute or any other provision of law. Notwithstanding the provisions of this Agreement providing that the Loans may be evidenced by multiple Notes in favor of the
Lenders, the Lenders acknowledge and agree that only the Agent may exercise any remedies arising by reason of a Default or Event of Default. If the Borrower or any Guarantor fails to perform any agreement or covenant contained in this Agreement, any
of the other Loan Documents, the Equipment Loan Documents, any Ground Lease, any Lease or other contract relating to an Unencumbered Asset Pool Property beyond any applicable period for notice and cure, Agent may itself perform, or cause to be
performed, any agreement or covenant of such Person contained in this Agreement, any of the other Loan Documents, any Ground Lease, any Lease or other contract relating to an Unencumbered Asset Pool Property which such Person shall fail to perform,
or Lenders may purchase the Equipment Loan and the Equipment Loan Documents, and the out-of-pocket costs of such performance or purchase of the Equipment Loan and Equipment Loan Documents, together with any reasonable out-of-pocket expenses,
including 

  
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reasonable attorneys’ fees actually incurred (including attorneys’ fees incurred in any appeal) by Agent in connection therewith, shall be payable by the Borrower and/or Guarantors upon
demand and shall constitute a part of the Obligations and shall if not paid within five (5) days after demand bear interest at the rate for overdue amounts as set forth in this Agreement. In the event that all or any portion of the Obligations
is collected by or through an attorney-at-law, the Borrower and the Guarantors shall pay all costs of collection including, but not limited to, reasonable attorney’s fees. 

§12.5 Distribution of Proceeds. In the event that, following the occurrence and during the continuance of any Event of
Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any assets of the Borrower or Guarantors, such monies shall be distributed for application as
follows: 
 (a) First, to the payment of, or (as the case may be) the reimbursement of the Agent for or in
respect of, all reasonable out-of-pocket costs, expenses, disbursements and losses which shall have been paid, incurred or sustained by the Agent in connection with the collection of such monies by the Agent, for the exercise, protection or
enforcement by the Agent of all or any of the rights, remedies, powers and privileges of the Agent or the Lenders under this Agreement or any of the other Loan Documents or in support of any provision of adequate indemnity to the Agent against any
taxes or liens which by law shall have, or may have, priority over the rights of the Agent or the Lenders to such monies; 
 (b) Second, to all other Obligations and the Hedge Obligations (including any interest, expenses or other obligations of either the Obligations or the Hedge Obligations incurred after the commencement of
a bankruptcy) in such order or preference as the Required Lenders shall determine; provided, that (i) Swing Loans shall be repaid first, (ii) distributions in respect of such other Obligations shall include, on a pari passu basis,
any Agent’s fee payable pursuant to §4.3; (iii) in the event that any Lender is a Defaulting Lender, payments to such Lender shall be governed by §2.14, (iv) except as otherwise provided in clause (iii), Obligations owing to
the Lenders with respect to each type of Obligation such as interest, fees and expenses (but excluding the Swing Loans) and the Hedge Obligations shall be made among the Lenders and the Lender Hedge Providers pro rata and as between Revolving Credit
Loans and Term Loans shall be made pro rata and (v) payment of principal on the Obligations and the Hedge Obligations shall be made on a pari passu basis; and provided, further that the Required Lenders may in their discretion
make proper allowance to take into account any Obligations not then due and payable; and 
 (c) Third, the
excess, if any, shall be returned to the Borrower or to such other Persons as are entitled thereto. 
  

	§13.	SETOFF. 

 Regardless of the
adequacy of any collateral, during the continuance of any Event of Default, any deposits (general or specific, time or demand, provisional or final, regardless of currency, maturity, or the branch where such deposits are held) or other sums credited
by or due from any Lender to the Borrower or the Guarantors and any securities or other property of the 

  
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Borrower or the Guarantors in the possession of such Lender may, without notice to the Borrower or any Guarantor (any such notice being expressly waived by the Borrower and Guarantors) but with
the prior written approval of Agent, be applied to or set off against the payment of Obligations or the Hedge Obligations and any and all other liabilities, direct, or indirect, absolute or contingent, due or to become due, now existing or hereafter
arising, of the Borrower or the Guarantors to such Lender. Each of the Lenders agrees with each other Lender that if such Lender shall receive from the Borrower or a Guarantor, whether by voluntary payment, exercise of the right of setoff, or
otherwise, and shall retain and apply to the payment of the Note or Notes held by such Lender (but excluding the Swing Loan Note) any amount in excess of its ratable portion of the payments received by all of the Lenders with respect to the Notes
held by all of the Lenders, such Lender will make such disposition and arrangements with the other Lenders with respect to such excess, either by way of distribution, pro tanto assignment of claims, subrogation or otherwise as shall
result in each Lender receiving in respect of the Notes held by it its proportionate payment as contemplated by this Agreement; provided that if all or any part of such excess payment is thereafter recovered from such Lender, such disposition
and arrangements shall be rescinded and the amount restored to the extent of such recovery, but without interest. In the event that any Defaulting Lender shall exercise any such right of setoff, (a) all amounts so set off shall be paid over
immediately to the Agent for further application in accordance with the provisions of this Agreement and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Agent
and the Lenders, and (b) the Defaulting Lender shall provide promptly to the Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. 

 

	§14.	THE AGENT. 

 §14.1
Authorization. The Agent is authorized to take such action on behalf of each of the Lenders and to exercise all such powers as are hereunder and under any of the other Loan Documents and any related documents delegated to the Agent (including
entering into the Equipment Intercreditor Agreement, the Subordination and Standstill Agreements and modifications to the Loan Documents to account for the structure of Parent Company and its Subsidiaries after the occurrence of the IPO Event),
together with such powers as are reasonably incident thereto, provided that no duties or responsibilities not expressly assumed herein or therein shall be implied to have been assumed by the Agent. The obligations of the Agent hereunder are
primarily administrative in nature, and nothing contained in this Agreement or any of the other Loan Documents shall be construed to constitute the Agent as a trustee for any Lender or to create an agency or fiduciary relationship. Agent shall act
as the contractual representative of the Lenders hereunder, and notwithstanding the use of the term “Agent”, it is understood and agreed that Agent shall not have any fiduciary duties or responsibilities to any Lender by reason of this
Agreement or any other Loan Document and is acting as an independent contractor, the duties and responsibilities of which are limited to those expressly set forth in this Agreement and the other Loan Documents. The Borrower and any other Person
shall be entitled to conclusively rely on a statement from the Agent that it has the authority to act for and bind the Lenders pursuant to this Agreement and the other Loan Documents. 

§14.2 Employees and Agents. The Agent may exercise its powers and execute its duties by or through employees or agents and
shall be entitled to take, and to rely on, advice of 

  
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counsel concerning all matters pertaining to its rights and duties under this Agreement and the other Loan Documents. The Agent may utilize the services of such Persons as the Agent may
reasonably determine, and all reasonable out-of-pocket fees and expenses of any such Persons shall be paid by the Borrower. 

§14.3 No Liability. Neither the Agent nor any of its shareholders, directors, officers or employees nor any other Person
assisting them in their duties nor any agent, or employee thereof, shall be liable for (a) any waiver, consent or approval given or any action taken, or omitted to be taken, in good faith by it or them hereunder or under any of the other Loan
Documents, or in connection herewith or therewith, or be responsible for the consequences of any oversight or error of judgment whatsoever, except that the Agent or such other Person, as the case may be, shall be liable for losses due to its willful
misconduct or gross negligence as finally determined by a court of competent jurisdiction after the expiration of all applicable appeal periods or (b) any action taken or not taken by Agent with the consent or at the request of the Required
Lenders or all Lenders, as applicable hereunder. The Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, except with respect to defaults in the payment of principal, interest and fees required
to be paid to the Agent for the account of the Lenders, unless the Agent has received notice from a Lender or the Borrower referring to the Loan Documents and describing with reasonable specificity such Default or Event of Default and stating that
such notice is a “notice of default”. 
 §14.4 No Representations. The Agent shall not be responsible for
the execution or validity or enforceability of this Agreement, the Notes, any of the other Loan Documents or any instrument at any time constituting, or intended to constitute, collateral security for the Notes, or for the value of any such
collateral security or for the validity, enforceability or collectability of any such amounts owing with respect to the Notes, or for any recitals or statements, warranties or representations made herein, or any agreement, instrument or certificate
delivered in connection therewith or in any of the other Loan Documents or in any certificate or instrument hereafter furnished to it by or on behalf of the Borrower, the Guarantors or any of their respective Subsidiaries, or be bound to ascertain
or inquire as to the performance or observance of any of the terms, conditions, covenants or agreements herein or in any of the other Loan Documents. The Agent shall not be bound to ascertain whether any notice, consent, waiver or request delivered
to it by the Borrower, the Guarantors or any holder of any of the Notes shall have been duly authorized or is true, accurate and complete. The Agent has not made nor does it now make any representations or warranties, express or implied, nor does it
assume any liability to the Lenders, with respect to the creditworthiness or financial condition of the Borrower, the Guarantors or any of their respective Subsidiaries, or the value of any collateral or any other assets of the Borrower, the
Guarantors or any of their respective Subsidiaries. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender, and based upon such information and documents as it has deemed appropriate, made its own
credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Agent or any other Lender, based upon such information and documents as it deems appropriate at the
time, continue to make its own credit analysis and decisions in taking or not taking action under this Agreement and the other Loan Documents. Agent’s Special Counsel has only represented Agent and KeyBank in connection with the Loan Documents
and the only attorney client relationship or duty of care is between Agent’s Special Counsel and Agent or KeyBank. Each Lender has been independently represented by separate counsel on all matters regarding the Loan Documents. 

  
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 §14.5 Payments. 

(a) A payment by the Borrower or the Guarantors to the Agent hereunder or under any of the other Loan Documents for the
account of any Lender shall constitute a payment to such Lender. The Agent agrees to distribute to each Lender not later than one Business Day after the Agent’s receipt of good funds, determined in accordance with the Agent’s customary
practices, such Lender’s pro rata share of payments received by the Agent for the account of the Lenders except as otherwise expressly provided herein or in any of the other Loan Documents. In the event that the Agent fails to distribute such
amounts within one Business Day as provided above, the Agent shall pay interest on such amount at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. Notwithstanding anything to the contrary contained in this
Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, each payment by the Borrower hereunder shall be applied in accordance with §2.14(d). 

(b) If in the opinion of the Agent the distribution of any amount received by it in such capacity hereunder, under the
Notes or under any of the other Loan Documents might involve it in liability, it may refrain from making such distribution until its right to make such distribution shall have been adjudicated by a court of competent jurisdiction. If a court of
competent jurisdiction shall adjudge that any amount received and distributed by the Agent is to be repaid, each Person to whom any such distribution shall have been made shall either repay to the Agent its proportionate share of the amount so
adjudged to be repaid or shall pay over the same in such manner and to such Persons as shall be determined by such court. 

§14.6 Holders of Notes. Subject to the terms of §18, the Agent may deem and treat the payee of any Note as the absolute
owner or purchaser thereof for all purposes hereof until it shall have been furnished in writing with a different name by such payee or by a subsequent holder, assignee or transferee. 

§14.7 Indemnity. The Lenders severally and ratably in accordance with their respective Commitment Percentages agree hereby to
indemnify and hold harmless the Agent from and against any and all claims, actions and suits (whether groundless or otherwise), losses, damages, costs, expenses (including any expenses for which the Agent has not been reimbursed by the Borrower and
the Guarantors as required by §15), and liabilities of every nature and character arising out of or related to this Agreement, the Notes, or any of the other Loan Documents, the Equipment Intercreditor Agreement and the Subordination and
Standstill Agreements or the transactions contemplated or evidenced hereby or thereby, or the Agent’s actions taken hereunder or thereunder to the extent not reimbursed by the Borrower and the Guarantors, except to the extent that any of the
same shall be directly caused by the Agent’s willful misconduct or gross negligence as finally determined by a court of competent jurisdiction after the expiration of all applicable appeal periods. The agreements in this §14.7 shall
survive the payment of all amounts payable under the Loan Documents. 

  
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 §14.8 Agent as Lender. In its individual capacity, KeyBank shall have the same
obligations and the same rights, powers and privileges in respect to its Commitment and the Loans made by it, and as the holder of any of the Notes as it would have were it not also the Agent. 

§14.9 Resignation. The Agent may resign at any time by giving ten (10) calendar days’ prior written notice thereof
to the Lenders and the Borrower. Any such resignation may at Agent’s option also constitute Agent’s resignation as Issuing Lender and Swing Loan Lender. Upon any such resignation, the Required Lenders, subject to the terms of §18.1,
shall have the right to appoint as a successor Agent and, if applicable, Issuing Lender and Swing Loan Lender, any Lender or any bank whose senior debt obligations are rated not less than “A3” or its equivalent by Moody’s or not less
than “A-” or its equivalent by S&P and which has a net worth of not less than $500,000,000.00. Unless a Default or Event of Default shall have occurred and be continuing, such successor Agent and, if applicable, Issuing Lender and
Swing Loan Lender, shall be reasonably acceptable to the Borrower. If no successor Agent shall have been appointed and shall have accepted such appointment within ten (10) days after the retiring Agent’s giving of notice of resignation,
then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent, which shall be any Lender or any financial institution whose senior debt obligations are rated not less than “A3” or its equivalent by Moody’s or not
less than “A-” or its equivalent by S&P and which has a net worth of not less than $500,000,000.00. Upon the acceptance of any appointment as Agent and, if applicable, Issuing Lender and Swing Loan Lender, hereunder by a successor
Agent, and, if applicable, Issuing Lender and Swing Loan Lender, such successor Agent and, if applicable, Issuing Lender and Swing Loan Lender, shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the
retiring or removed Agent and, if applicable, Issuing Lender and Swing Loan Lender, and the retiring or removed Agent and, if applicable, Issuing Lender and Swing Loan Lender, shall be discharged from its duties and obligations hereunder as Agent
and, if applicable, Issuing Lender and Swing Loan Lender. After any retiring Agent’s resignation, the provisions of this Agreement and the other Loan Documents shall continue in effect for its benefit in respect of any actions taken or omitted
to be taken by it while it was acting as Agent and, if applicable, Issuing Lender and Swing Loan Lender. If the resigning Agent shall also resign as the Issuing Lender, such successor Agent shall issue letters of credit in substitution for the
Letters of Credit, if any, outstanding at the time of such succession or shall make other arrangements reasonably satisfactory to the current Issuing Lender, in either case, to assume effectively the obligations of the current Agent with respect to
such Letters of Credit. Upon any change in the Agent under this Agreement, the resigning Agent shall execute such assignments of and amendments to the Loan Documents as may be necessary to substitute the successor Agent for the resigning Agent.

 §14.10 Duties in the Case of Enforcement. In case one or more Events of Default have occurred and shall be
continuing, and whether or not acceleration of the Obligations shall have occurred, the Agent may and, if (a) so requested by the Required Lenders and (b) the Lenders have provided to the Agent such additional indemnities and assurances in
accordance with their respective Commitment Percentages against expenses and liabilities as the Agent may reasonably request, shall proceed to exercise all or any legal and equitable and other rights or remedies as it may have; provided,
however, that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Event of Default as it shall deem to be in
the best 

  
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interests of the Lenders. Without limiting the generality of the foregoing, if Agent reasonably determines payment is in the best interest of all the Lenders, Agent may without the approval of
the Lenders pay taxes and insurance premiums and spend money for maintenance, repairs or other expenses which may be necessary to be incurred in an aggregate amount not to exceed $2,500,000.00, and Agent shall promptly thereafter notify the Lenders
of such action. Each Lender shall, within thirty (30) days of request therefor, pay to the Agent its Commitment Percentage of the reasonable costs incurred by the Agent in taking any such actions hereunder to the extent that such costs shall
not be promptly reimbursed to the Agent by the Borrower or out of any collateral within such period. The Required Lenders may direct the Agent in writing as to the method and the extent of any such exercise, the Lenders hereby agreeing to indemnify
and hold the Agent harmless in accordance with their respective Commitment Percentages from all liabilities incurred in respect of all actions taken or omitted in accordance with such directions, provided that the Agent need not comply with
any such direction to the extent that the Agent reasonably believes the Agent’s compliance with such direction to be unlawful in any applicable jurisdiction or commercially unreasonable under the UCC as enacted in any applicable jurisdiction.

 §14.11 Bankruptcy. In the event a bankruptcy or other insolvency proceeding is commenced by or against the
Borrower or any Guarantor with respect to the Obligations, the Agent shall have the sole and exclusive right to file and pursue a joint proof claim on behalf of all Lenders. Any votes with respect to such claims or otherwise with respect to such
proceedings shall be subject to the vote of the Required Lenders or all of the Lenders as required by this Agreement. Each Lender irrevocably waives its right to file or pursue a separate proof of claim in any such proceedings unless Agent fails to
file such claim within thirty (30) days after receipt of written notice from the Lenders requesting that Agent file such proof of claim. 
 §14.12 [Intentionally Omitted.] 
 §14.13 Reliance by
Agent. The Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or
intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by an Authorized Officer. The Agent also may rely upon any statement made to it orally or by telephone and believed
by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, that by its terms must be fulfilled to the satisfaction of a Lender,
the Agent may presume that such condition is satisfactory to such Lender unless the Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. The Agent may consult with legal counsel (who may be counsel for
the Borrower and/or the Guarantors), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

  
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 §14.14 Approvals. 

(a) If consent is required for some action under this Agreement, or except as otherwise provided herein an approval of the
Lenders, the Majority Revolving Credit Lenders or the Required Lenders is required or permitted under this Agreement, each Lender agrees to give the Agent, within ten (10) days of receipt of the written request for action together with all
reasonably requested information related thereto requested by such Lender (or such lesser period of time required by the terms of the Loan Documents), notice in writing of approval or disapproval (collectively “Directions”) in respect of
any action requested or proposed in writing pursuant to the terms hereof. To the extent that any Lender does not approve any recommendation of Agent, such Lender shall in such notice to Agent describe the actions that would be acceptable to such
Lender. If the Agent submits to the Lenders a written request for consent with respect to this Agreement and any Lender fails to provide Directions within ten (10) days after such Lender receives from the Agent such initial request for
Directions together with all reasonably requested information related thereto, then Agent shall make a second request for approval, which approval shall include the following in all capital, bolded, block letters on the first page thereof:

 “THE FOLLOWING REQUEST REQUIRES A RESPONSE WITHIN FIVE (5) BUSINESS DAYS OF RECEIPT. FAILURE TO DO SO WILL BE
DEEMED AN APPROVAL OF THE REQUEST.” 
 If the Agent submits to such Lender a second written request to approve or
disapprove such action, and a Lender fails to provide Directions within five (5) Business Days after the Lender receives from the Agent such second request, then any Lender’s failure to respond to a request for Directions within the
required time period shall be deemed to constitute a Direction to take such requested action. 
 (b) In the event
that any recommendation is not approved by the requisite number of Lenders and a subsequent approval on the same subject matter is requested by Agent (a “Subsequent Approval Request”), then for the purposes of this paragraph each Lender
shall be required to respond to a Subsequent Approval Request within five (5) Business Days of receipt of such request. 

If the Agent submits to the Lenders a Subsequent Approval Request and any Lender fails to provide Directions within five
(5) Business Days after such Lender receives from the Agent the Subsequent Approval Request, then Agent shall make a second request for approval, which approval shall include the following in all capital, bolded, block letters on the first page
thereof: 
 “THE FOLLOWING REQUEST REQUIRES A RESPONSE WITHIN FIVE (5) BUSINESS DAYS OF RECEIPT. FAILURE TO DO SO WILL
BE DEEMED AN APPROVAL OF THE REQUEST.” 
 If the Agent submits to such Lender a second written request to approve or
disapprove the Subsequent Approval Request, and the Lender fails to approve or disapprove such Subsequent Approval Request within five (5) Business Days after the Lender receives from the Agent such second request, then any Lender’s
failure to respond to a request for Directions within the required time period shall be deemed to constitute a Direction to take such requested action. 

  
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 (c) Each request by Agent for a Direction shall include Agent’s
recommended course of action or determination. Notices given by Agent pursuant to this §14.14 may be given through the use of Intralinks, Syndtrak or another electronic information dissemination system. Agent and each Lender shall be entitled
to assume that any officer of the other Lenders delivering any notice, consent, certificate or other writing is authorized to give such notice, consent, certificate or other writing unless Agent and such other Lenders have otherwise been notified in
writing. Notwithstanding anything in this §14.14 to the contrary, any matter requiring all Lender’s approval or consent shall not be deemed given by any Lender’s failure to respond to any approval or consent request within any
applicable reply period. 
 §14.15 Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the
appointment of a successor Agent and §14.14, the provisions of this §14 are solely for the benefit of the Agent and the Lenders, may not be enforced by the Borrower, and except for the provisions of §14.9 and §14.14, may be
modified or waived without the approval or consent of the Borrower. 
 §14.16 Equipment Intercreditor Agreement. The
Borrower, Guarantors and the Lenders acknowledge that Agent has entered into the Equipment Intercreditor Agreement. The Borrower and Guarantors acknowledge that the existence of the Equipment Intercreditor Agreement and the performance by Agent and
the Lenders of their obligations under the Equipment Intercreditor Agreement shall not affect, impair or release the obligations of the Borrower or Guarantors under the Loan Documents. The Equipment Intercreditor Agreement is solely for the benefit
of Agent and the Lenders and not for the benefit of the Borrower or Guarantors, and the Borrower and Guarantors shall have no rights thereunder or any right to insist on the performance thereof. Agent is authorized by Lenders to perform its
obligations under the Equipment Intercreditor Agreement, and each Lender agrees to be bound thereby. Any Lender may be an Equipment Lender, and the fact that any Lender is also an Equipment Lender shall not expand or diminish the rights and
obligations of such Lender hereunder. 
 §14.17 Subordination and Standstill Agreements. The Borrower, Guarantors
and the Lenders acknowledge that Agent has entered into the Subordination and Standstill Agreements. The Borrower and Guarantors acknowledge that the existence of the Subordination and Standstill Agreements and the performance by Agent and the
Lenders of their obligations under the Subordination and Standstill Agreements shall not affect, impair or release the obligations of the Borrower or Guarantors under the Loan Documents. The Subordination and Standstill Agreements are solely for the
benefit of Agent and the Lenders and not for the benefit of the Borrower or Guarantors, and the Borrower and Guarantors shall have no rights thereunder or any right to insist on the performance thereof. Agent is authorized by Lenders to perform its
obligations under the Subordination and Standstill Agreements, and each Lender agrees to be bound thereby 
 §14.18
Reliance on Hedge Provider. For purposes of applying payments received in accordance with §12.5, the Agent shall be entitled to rely upon the trustee, paying agent or other similar representative (each, a “Representative”) or,
in the absence of such a Representative, upon the holder of the Hedge Obligations for a determination (which each holder of the Hedge Obligations agrees (or shall agree) to provide upon request of the Agent) of the outstanding

  
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Hedge Obligations owed to the holder thereof. Unless it has actual knowledge (including by way of written notice from such holder) to the contrary, the Agent, in acting hereunder, shall be
entitled to assume that no Hedge Obligations are outstanding. 
 §15. EXPENSES. 

The Borrower and the Guarantors jointly and severally agree to pay (a) the reasonable out-of-pocket costs of producing and
reproducing this Agreement, the other Loan Documents and the other agreements and instruments mentioned herein, (b) subject to §4.9, §4.10 and §4.15, any imposed taxes (including any interest and penalties in respect thereto)
payable by the Agent or any of the Lenders (other than taxes based upon the Agent’s or any Lender’s gross or net income (subject to §4.4(b)), except that the Agent and the Lenders shall be entitled to indemnification for any and all
amounts paid by them in respect of taxes payable on or with respect to the transactions contemplated by this Agreement, including any such taxes payable by the Agent or any of the Lenders after the Closing Date (the Borrower and the Guarantors
hereby agreeing to indemnify the Agent and each Lender with respect thereto), (c) all engineer’s fees, environmental reviews and the reasonable fees, expenses and disbursements of the counsel to the Agent and any local counsel to the Agent
incurred in connection with the preparation, administration, or interpretation of the Loan Documents and other instruments mentioned herein, and amendments, modifications, approvals, consents or waivers hereto or hereunder, (d) the
out-of-pocket fees, costs, expenses and disbursements of Agent incurred in connection with the syndication and/or participation of the Loans, (e) all other reasonable out of pocket fees, expenses and disbursements of the Agent incurred by the
Agent in connection with the preparation or interpretation of the Loan Documents and other instruments mentioned herein, the making of each advance hereunder, the issuance of Letters of Credit, and the syndication of the Commitments pursuant to
§18 (without duplication of those items addressed in subparagraph (d), above), (f) all out-of-pocket expenses (including attorneys’ fees and costs, and
the fees and costs of appraisers, engineers, investment bankers or other experts retained by any Lender or the Agent) incurred by any Lender or the Agent in connection with (i) the enforcement of or preservation of rights under any of the Loan
Documents against the Borrower and the Guarantors or the administration thereof after the occurrence of a Default or Event of Default and (ii) any litigation, proceeding or dispute whether arising hereunder or otherwise, in any way related to
the Agent’s or any of the Lenders’ relationship with the Borrower or the Guarantors, (g) all reasonable out of pocket fees, expenses and disbursements of the Agent incurred in connection with UCC searches, title rundowns or title
searches, (h) all reasonable out-of-pocket fees, expenses and disbursements (including reasonable attorneys’ fees and costs) which may be incurred by KeyBank in connection with the execution and delivery of this Agreement and the other
Loan Documents (without duplication of any of the items listed above), and (i) all expenses relating to the use of Intralinks, SyndTrak or any other similar system for the dissemination and sharing of documents and information in connection
with the Loans. The covenants of this §15 shall survive the repayment of the Loans and the termination of the obligations of the Lenders hereunder. Whenever used herein or in the other Loan Documents, the terms “attorneys’ fees”
or “legal fees” shall mean reasonable attorneys’ fees in the amount actually incurred at the attorneys’ normal hourly rates, rather than a percentage of principal and interest as provided for in O.C.G.A. §13-1-11(a)(2).

  
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	§16.	INDEMNIFICATION. 

 The Borrower
and the Guarantors, jointly and severally, agree to indemnify and hold harmless the Agent, the Lenders and the Arranger and each partner, director, officer, employee, agent and Affiliate thereof and Person who controls the Agent or any Lender or the
Arranger against any and all claims, actions and suits, whether groundless or otherwise, and from and against any and all liabilities, losses, damages and expenses of every nature and character arising out of or relating to this Agreement or any of
the other Loan Documents or the transactions contemplated hereby and thereby including, without limitation, (a) any and all claims for brokerage, leasing, finders or similar fees which may be made relating to the Unencumbered Asset Pool
Properties or the Loans, (b) any condition of the Unencumbered Asset Pool Properties or any other Real Estate, (c) any actual or proposed use by the Borrower of the proceeds of any of the Loans or Letters of Credit, (d) any actual or
alleged infringement of any patent, copyright, trademark, service mark or similar right of the Borrower, the Guarantors or any of their respective Subsidiaries, (e) the Borrower and the Guarantors entering into or performing this Agreement or
any of the other Loan Documents, (f) any actual or alleged violation of any law, ordinance, code, order, rule, regulation, approval, consent, permit or license relating to the Unencumbered Asset Pool Properties or any other Real Estate,
(g) with respect to the Borrower, the Guarantors and their respective Subsidiaries and their respective properties and assets, the violation of any Environmental Law, the Release or threatened Release of any Hazardous Substances or any action,
suit, proceeding or investigation brought or threatened with respect to any Hazardous Substances (including, but not limited to, claims with respect to wrongful death, personal injury, nuisance or damage to property), and (h) any use of
Intralinks, SyndTrak or any other system for the dissemination and sharing of documents and information, in each case including, without limitation, the reasonable fees and disbursements of counsel incurred in connection with any such investigation,
litigation or other proceeding; provided, however, that the Borrower and the Guarantors shall not be obligated under this §16 to indemnify any Person for liabilities arising from such Person’s own gross negligence or willful
misconduct as determined by a court of competent jurisdiction after the exhaustion of all applicable appeal periods. In litigation, or the preparation therefor, the Lenders and the Agent shall be entitled to select a single law firm as their own
counsel and, in addition to the foregoing indemnity, the Borrower and the Guarantors agree to pay promptly the reasonable out-of-pocket fees and expenses of such counsel. If, and to the extent that the obligations of the Borrower and the Guarantors
under this §16 are unenforceable for any reason, the Borrower and the Guarantors hereby agree to make the maximum contribution to the payment in satisfaction of such obligations which is permissible under applicable law. The provisions of this
§16 shall survive the repayment of the Loans and the termination of the obligations of the Lenders hereunder. 
  

	§17.	SURVIVAL OF COVENANTS, ETC. 

 All
covenants, agreements, representations and warranties made herein, in the Notes, in any of the other Loan Documents or in any documents or other papers delivered by or on behalf of the Borrower, the Guarantors or any of their respective Subsidiaries
pursuant hereto or thereto shall be deemed to have been relied upon by the Lenders and the Agent, notwithstanding any investigation heretofore or hereafter made by any of them, and shall survive the making by the Lenders of any of the Loans, as
herein contemplated, and shall continue in full force and effect so long as any amount due under this Agreement or the Notes or any of the other Loan 

  
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Documents remains outstanding or any Letters of Credit (other than Letters of Credit the expirations of which extend beyond the Letter of Credit Expiration Date as permitted under §2.10 and
in respect to which the Borrower has satisfied the requirements of such section or §2.12, as applicable) remain outstanding or any Lender has any obligation to make any Loans or issue any Letters of Credit. The indemnification obligations of
the Borrower provided herein and in the other Loan Documents shall survive the full repayment of amounts due and the termination of the obligations of the Lenders hereunder and thereunder to the extent provided herein and therein. All statements
contained in any certificate delivered to any Lender or the Agent at any time by or on behalf of the Borrower, the Guarantors or any of their respective Subsidiaries pursuant hereto or in connection with the transactions contemplated hereby shall
constitute representations and warranties by such Person hereunder. 
  

	§18.	ASSIGNMENT AND PARTICIPATION. 

§18.1 Conditions to Assignment by Lenders. Except as provided herein, each Lender may assign to one or more banks or other
entities (which shall expressly exclude any natural persons) all or a portion of its interests, rights and obligations under this Agreement (including all or a portion of its Commitment Percentage and Commitment and the same portion of the Loans at
the time owing to it and the Notes held by it); provided that (a) the Agent, the Issuing Lender (with respect to assignments of Revolving Credit Commitments only) and, so long as no Default or Event of Default exists hereunder, the
Borrower shall have each given its prior written consent to such assignment, which consent shall not be unreasonably withheld or delayed (provided that such consent shall not be required for any assignment to another Lender, to a lender or an
Affiliate of a Lender which controls, is controlled by or is under common control with the assigning Lender or to a wholly-owned Subsidiary of such Lender), provided that the Borrower shall have been deemed to have consented to any such assignment
unless it shall object thereto by written notice to the Agent within five (5) Business Days after having received noticed thereof; (b) each such assignment shall be of a constant, and not a varying, percentage of all the assigning
Lender’s rights and obligations under this Agreement with respect to the Revolving Credit Commitment in the event an interest in the Revolving Credit Loans is assigned, or of a constant, and not a varying, percentage of all the assigning
Lender’s rights and obligations under this Agreement with respect to the Term Loan Commitment in the event an interest in the Term Loans is assigned, (c) the parties to such assignment shall execute and deliver to the Agent, for recording
in the Register (as hereinafter defined) an Assignment and Acceptance Agreement in the form of Exhibit K annexed hereto, together with any Notes subject to such assignment, (d) in no event shall any assignment be to any Person
controlling, controlled by or under common control with, or which is not otherwise free from influence or control by, the Borrower or any Guarantor or be to a Defaulting Lender or an Affiliate of a Defaulting Lender, (e) such assignee of a
portion of the Revolving Credit Loans shall have a net worth as of the date of such assignment of not less than $100,000,000.00 (unless otherwise approved by Agent and, so long as no Default or Event of Default exists hereunder, the Borrower),
(f) such assignee shall acquire an interest in the Loans of not less than $5,000,000.00 and integral multiples of $1,000,000.00 in excess thereof (or if less, the remaining Loans of the assignor), unless waived by the Agent, and so long as no
Default or Event of Default exists hereunder, the Borrower, and (g) such assignee shall be subject to the terms of any intercreditor agreement among the Lenders and the Agent. Upon execution, delivery, acceptance and recording of such
Assignment and Acceptance Agreement, (i) the 

  
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assignee thereunder shall be a party hereto and all other Loan Documents executed by the Lenders and, to the extent provided in such Assignment and Acceptance Agreement, have the rights and
obligations of a Lender hereunder, (ii) the assigning Lender shall, upon payment to the Agent of the registration fee referred to in §18.2, be released from its obligations under this Agreement arising after the effective date of such
assignment with respect to the assigned portion of its interests, rights and obligations under this Agreement, and (iii) the Agent may unilaterally amend Schedule 1.1 to reflect such assignment. In connection with each assignment,
the assignee shall represent and warrant to the Agent, the assignor and each other Lender as to whether such assignee is controlling, controlled by, under common control with or is not otherwise free from influence or control by, the Borrower and
the Guarantors, and whether such assignee is a Defaulting Lender or an Affiliate of a Defaulting Lender. In connection with any assignment of rights and obligations of any Defaulting Lender, no such assignment shall be effective unless and until, in
addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment,
purchases by the assignee of participations or actions, including funding, with the consent of the Borrower and the Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender to each of which the
applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire
(and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing Loans in accordance with its Commitment Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and
obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of
this Agreement until such compliance occurs. 
 §18.2 Register. The Agent shall maintain on behalf of the Borrower a
copy of each assignment delivered to it and a register or similar list (the “Register”) for the recordation of the names and addresses of the Lenders and the Commitment Percentages of and principal amount of the Loans owing to the Lenders
from time to time. The entries in the Register shall be conclusive, in the absence of manifest error, and the Borrower, the Agent and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of
this Agreement. The Register shall be available for inspection by the Borrower and the Lenders at any reasonable time and from time to time upon reasonable prior notice. Upon each such recordation, the assigning Lender agrees to pay to the Agent a
registration fee in the sum of $5,000.00. 
 §18.3 New Notes. Upon its receipt of an Assignment and Acceptance
Agreement executed by the parties to such assignment, together with each Note subject to such assignment, the Agent shall record the information contained therein in the Register. Within five (5) Business Days after receipt of notice of such
assignment from Agent, the Borrower, at its own expense, shall execute and deliver to the Agent, in exchange for each surrendered Note, a new Note to the order of such assignee in an amount equal to the amount assigned to such assignee pursuant to
such Assignment and Acceptance Agreement and, if the assigning Lender has retained some portion of its obligations hereunder, a new Note to the order of the assigning 

  
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Lender in an amount equal to the amount retained by it hereunder. Such new Notes shall provide that they are replacements for the surrendered Notes, shall be in an aggregate principal amount
equal to the aggregate principal amount of the surrendered Notes, shall be dated the effective date of such Assignment and Acceptance Agreement and shall otherwise be in substantially the form of the assigned Notes. The surrendered Notes shall be
canceled and returned to the Borrower. 
 §18.4 Participations. Each Lender may sell participations to one or more
Lenders or other entities in all or a portion of such Lender’s rights and obligations under this Agreement and the other Loan Documents; provided that (a) any such sale or participation shall not affect the rights and duties of the
selling Lender hereunder, (b) such participation shall not entitle such participant to any rights or privileges under this Agreement or any Loan Documents, including without limitation, rights granted to the Lenders under §4.8, §4.9
and §4.10, (c) such participation shall not entitle the participant to the right to approve waivers, amendments or modifications, (d) such participant shall have no direct rights against the Borrower or the Guarantors, (e) such
sale is effected in accordance with all applicable laws, and (f) such participant shall not be a Person controlling, controlled by or under common control with, or which is not otherwise free from influence or control by any of the Borrower or
any of the Guarantors and shall not be a Defaulting Lender or an Affiliate of a Defaulting Lender; provided, however, such Lender may agree with the participant that it will not, without the consent of the participant, agree to
(i) increase, or extend the term or extend the time or waive any requirement for the reduction or termination of, such Lender’s Commitment, (ii) extend the date fixed for the payment of principal of or interest on the Loans or
portions thereof owing to such Lender (other than pursuant to an extension of the Revolving Credit Maturity Date pursuant to §2.15), (iii) reduce the amount of any such payment of principal; (iv) reduce the rate at which interest is
payable thereon, or reduce the amount or rate of any fee payable to an affected Lender hereunder (excluding any fee payable to any arranger or the Agent in its capacity as administrative agent hereunder), or (v) release the Borrower or any
Guarantor (except as otherwise permitted under §5.5). Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each
participant and the principal amounts (and stated interest) of each participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to
disclose all or any portion of the Participant Register (including the identity of any participant or any information relating to a participant’s interest in any commitments, loans, letters of creditor or its other obligations under any Loan
Documents) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury
Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this
Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining a Participant Register. 

§18.5 Pledge by Lender. Any Lender may at any time pledge all or any portion of its interest and rights under this Agreement
(including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under §4 of the Federal Reserve Act, 12 U.S.C. §341 

  
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or to such other Person as the Agent may approve to secure obligations of such Lender. No such pledge or the enforcement thereof shall release the pledgor Lender from its obligations hereunder or
under any of the other Loan Documents. 
 §18.6 No Assignment by the Borrower or the Guarantors. Neither the
Borrower nor the Guarantors shall assign or transfer any of their rights or obligations under this Agreement or the other Loan Documents without the prior written consent of each of the Lenders. 

§18.7 Disclosure. The Borrower and the Guarantors each agree to promptly cooperate with any Lender in connection with any
proposed assignment or participation of all or any portion of its Commitment. The Borrower and the Guarantors each agree that in addition to disclosures made in accordance with standard banking practices any Lender may disclose information obtained
by such Lender pursuant to this Agreement to assignees or participants and potential assignees or participants hereunder other than a Disclosed Competitor in accordance with the provisions of the following sentence. Each Lender agrees for itself
that it shall use reasonable efforts in accordance with its customary procedures to hold confidential all non-public information obtained from the Borrower or Guarantors, and shall use reasonable efforts in accordance with its customary procedures
to not disclose such information to any other Person, it being understood and agreed that, notwithstanding the foregoing, a Lender may make (a) disclosures to its participants (provided such Persons are advised of the provisions of this
§18.7), (b) disclosures to its directors, officers, employees, Affiliates, partners, accountants, appraisers, legal counsel and other professional advisors of such Lender (provided that such Persons who are not employees of such Lender are
advised of the provision of this §18.7), (c) disclosures customarily provided or reasonably required by any potential or actual bona fide assignee, transferee or participant or their respective directors, officers, employees, Affiliates,
accountants, appraisers, legal counsel and other professional advisors in connection with a potential or actual assignment or transfer by such Lender of any Loans or any participations therein (provided such Persons are advised of the provisions of
this §18.7), (d) disclosures to bank regulatory authorities or self-regulatory bodies with jurisdiction over such Lender, or (e) disclosures required or requested by any other governmental authority or representative thereof or
pursuant to legal process; provided that, unless specifically prohibited by applicable law or court order, each Lender shall notify the Borrower of any request by any governmental authority or representative thereof prior to disclosure (other than
any such request in connection with any examination of such Lender by such government authority) for disclosure of any such non-public information prior to disclosure of such information, (f) disclosures with the prior written consent of the
Borrower, and (g) disclosures made in connection with any enforcement by Agent or the Lenders of the Loan Documents. In addition, each Lender may make disclosure of such information to any contractual counterparty in swap agreements or such
contractual counterparty’s professional advisors (so long as such contractual counterparty or professional advisors agree to be bound by the provisions of this §18.7). Non-public information shall not include any information which is or
subsequently becomes publicly available other than as a result of a disclosure of such information by a Lender, or prior to the delivery to such Lender is within the possession of such Lender if such information is not known by such Lender to be
subject to another confidentiality agreement with or other obligations of secrecy to the Borrower or the Guarantors, or is disclosed with the prior approval of the Borrower or Guarantors. Nothing herein shall prohibit the disclosure of non-public
information to the extent necessary to enforce the Loan Documents. 

  
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 §18.8 Amendments to Loan Documents. Upon any such assignment or participation,
the Borrower and the Guarantors shall, upon the request of the Agent, enter into such documents as may be reasonably required by the Agent to modify the Loan Documents to reflect such assignment or participation. 

§18.9 Mandatory Assignment. In the event the Borrower requests that certain amendments, modifications or waivers be made to
this Agreement or any of the other Loan Documents which request requires the prior approval of all Lenders or all affected Lenders and which request is approved by the Required Lenders but is not approved by all Lenders or all affected Lenders (any
such non-consenting Lender shall hereafter be referred to as the “Non-Consenting Lender”), then, within thirty (30) Business Days after the Borrower’s receipt of notice of such disapproval by such Non-Consenting Lender, the
Borrower shall have the right as to such Non-Consenting Lender, to be exercised by delivery of written notice delivered to the Agent and the Non-Consenting Lender within thirty (30) Business Days of receipt of such notice, to elect to cause the
Non-Consenting Lender to transfer its Commitment. The Agent shall promptly notify the remaining Lenders that each of such Lenders shall have the right, but not the obligation, to acquire a portion of the Commitment, pro rata based upon their
relevant Commitment Percentages, of the Non-Consenting Lender (or if any of such Lenders does not elect to purchase its pro rata share, then to such remaining Lenders in such proportion as approved by the Agent). In the event that the Lenders do not
elect to acquire all of the Non-Consenting Lender’s Commitment, then the Agent shall endeavor to find a new Lender or Lenders to acquire such remaining Commitment. Upon any such purchase of the Commitment of the Non-Consenting Lender, the
Non-Consenting Lender’s interests in the Obligations and its rights hereunder and under the Loan Documents shall terminate at the date of purchase except that its indemnification rights hereunder shall survive, and the Non-Consenting Lender
shall promptly execute and deliver any and all documents reasonably requested by Agent to surrender and transfer such interest, including, without limitation, an Assignment and Acceptance Agreement in the form attached hereto as Exhibit K and such
Non-Consenting Lender’s original Note. The purchase price for the Non-Consenting Lender’s Commitment shall equal any and all amounts outstanding and owed by Borrower to the Non-Consenting Lender, including principal and all accrued and
unpaid interest or fees, plus any applicable amounts payable pursuant to §4.8 which would be owed to such Non-Consenting Lender if the Loans were to be repaid in full on the date of such purchase of the Non-Consenting Lender’s Commitment
(provided that the Borrower may pay to such Non-Consenting Lender any interest, fees or other amounts (other than principal) owing to such Non-Consenting Lender) 
 §18.10 Titled Agents. The Titled Agents shall not have any additional rights or obligations under the Loan Documents, except for those rights, if any, as a Lender. 

  
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	§19.	NOTICES. 

 Each notice, demand,
election or request provided for or permitted to be given pursuant to this Agreement (hereinafter in this §19 referred to as “Notice”), but specifically excluding to the maximum extent permitted by law any notices of the institution
or commencement of foreclosure proceedings, must be in writing and shall be deemed to have been properly given or served by personal delivery or by sending same by overnight courier or by depositing same in the United States Mail, postpaid and
registered or certified, return receipt requested, or as expressly permitted herein, by telecopy or telefax, and addressed as follows: 
 If to the Agent or KeyBank: 
 KeyBank National Association

 4910 Tiedeman Road, 3rd Floor 
 Brooklyn, Ohio 44144 
 Attn: Real Estate Capital Services

 With a copy to: 
 KeyBank National Association 
 127 Public Square 

Cleveland, Ohio 44114-1306 
 Attn: Mr. Timothy Sylvain 
 Telecopy No.: (216) 689-5819

 and 
 McKenna Long & Aldridge LLP 
 Suite 5300 

303 Peachtree Street, N.E. 
 Atlanta, Georgia 30308 
 Attn: William F. Timmons, Esq. 

Telecopy No.: (404) 527-4198 

If to the Borrower: 
 QualityTech, LP 
 12851 Foster Street, Suite 205 

Overland Park, Kansas 66213 
 Attn: CEO/President 
 Telecopy No.: (913) 814-7766 

With a copy to: 
 Quality Companies, LLC 
 12851 Foster Street, Suite 205 

Overland Park, Kansas 66213 
 Attn: Corporate Counsel 
 Telecopy No.: (913) 814-7766

  
 134

 Stinson Morrison Hecker LLP 

1201 Walnut Street, Suite 2900 
 Kansas City, Missouri 64106-2150 
 Attn: Patrick J. Respeliers

 Telecopy No.: (816) 412-8174 
 to any other Lender which is a party hereto, at the address for such Lender set forth on its signature page hereto, and to any Lender which may hereafter become a party to this Agreement, at such address
as may be designated by such Lender. Each Notice shall be effective upon being personally delivered or upon being sent by overnight courier or upon being deposited in the United States Mail as aforesaid, or if transmitted by telecopy or telefax is
permitted, upon being sent and confirmation of receipt. The time period in which a response to such Notice must be given or any action taken with respect thereto (if any), however, shall commence to run from the date of receipt if personally
delivered or sent by overnight courier, or if so deposited in the United States Mail, the earlier of three (3) Business Days following such deposit or the date of receipt as disclosed on the return receipt. Rejection or other refusal to accept
or the inability to deliver because of changed address for which no notice was given shall be deemed to be receipt of the Notice sent. By giving at least fifteen (15) days’ prior Notice thereof, the Borrower, Guarantors, a Lender or Agent
shall have the right from time to time and at any time during the term of this Agreement to change their respective addresses and each shall have the right to specify as its address any other address within the United States of America. 

 

	§20.	RELATIONSHIP. 

 Neither the Agent
nor any Lender has any fiduciary relationship with or fiduciary duty to the Borrower, the Guarantors or their respective Subsidiaries (collectively, solely for purposes of this paragraph, the “Loan Parties”) arising out of or in connection
with this Agreement or the other Loan Documents or the transactions contemplated hereunder and thereunder, and the relationship between each Lender and Agent, and the Borrower and the Guarantors is solely that of a lender and borrower, and nothing
contained herein or in any of the other Loan Documents shall in any manner be construed as making the parties hereto partners, joint venturers or any other relationship other than lender and borrower. Each Agent, each Lender and their Affiliates
(collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of the Loan Parties, their stockholders and/or their affiliates. The Loan Parties acknowledge and agree that
(i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Lenders, on the one hand, and the Loan Parties, on the
other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of any Loan Party, its stockholders or its affiliates with respect to the transactions
contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise any Loan Party, its stockholders or its Affiliates
on other matters) or any other obligation to any Loan Party except the obligations expressly set forth in the Loan Documents and (y) each Lender is acting solely as principal and not as the agent or fiduciary of any Loan Party, its management,
stockholders, creditors or any other Person. Each Loan Party acknowledges and agrees that it has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for making its

  
 135

 
own independent judgment with respect to such transactions and the process leading thereto. Each Loan Party agrees that it will not claim that any Lender has rendered advisory services of any
nature or respect, or owes a fiduciary or similar duty to such Loan Party, in connection with such transaction or the process leading thereto. 
  

	§21.	GOVERNING LAW; CONSENT TO JURISDICTION AND SERVICE. 

 THIS AGREEMENT AND EACH OF THE OTHER LOAN DOCUMENTS, EXCEPT AS OTHERWISE SPECIFICALLY PROVIDED HEREIN OR THEREIN, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF GEORGIA. THE BORROWER AND THE GUARANTORS
AGREE THAT ANY SUIT FOR THE ENFORCEMENT OF THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS MAY BE BROUGHT IN ANY COURT OF COMPETENT JURISDICTION IN THE STATE OF GEORGIA (INCLUDING ANY FEDERAL COURT SITTING THEREIN). THE BORROWER AND THE GUARANTORS
FURTHER ACCEPT, GENERALLY AND UNCONDITIONALLY, THE NON-EXCLUSIVE JURISDICTION OF SUCH COURTS AND ANY RELATED APPELLATE COURT AND IRREVOCABLY (i) AGREE TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY WITH
RESPECT TO THIS AGREEMENT AND ANY OF THE OTHER LOAN DOCUMENTS AND (ii) WAIVE ANY OBJECTION ANY OF THEM MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH A COURT IS AN INCONVENIENT FORUM. THE
BORROWER AND THE GUARANTORS FURTHER AGREE THAT SERVICE OF PROCESS IN ANY SUCH SUIT MAY BE MADE UPON THE BORROWER AND THE GUARANTORS BY MAIL AT THE ADDRESS SPECIFIED IN §19 HEREOF. IN ADDITION TO THE COURTS OF THE STATE OF GEORGIA OR ANY
FEDERAL COURT SITTING THEREIN, THE AGENT OR ANY LENDER MAY BRING ACTION(S) FOR ENFORCEMENT ON A NONEXCLUSIVE BASIS WHERE ANY ASSETS OF BORROWER AND THE GUARANTORS EXIST AND THE BORROWER AND THE GUARANTORS CONSENT TO THE NONEXCLUSIVE JURISDICTION OF
SUCH COURTS AND THE SERVICE OF PROCESS IN ANY SUCH SUIT BEING MADE UPON THE BORROWER OR GUARANTORS BY MAIL AT THE ADDRESS SPECIFIED IN §19 HEREOF. 
  

	§22.	HEADINGS. 

 The captions in this
Agreement are for convenience of reference only and shall not define or limit the provisions hereof. 
  

	§23.	COUNTERPARTS. 

 This Agreement
and any amendment hereof may be executed in several counterparts and by each party on a separate counterpart, each of which when so executed and delivered shall be an original, and all of which together shall constitute one instrument. In proving
this Agreement it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom enforcement is sought. 

  
 136

	§24.	ENTIRE AGREEMENT, ETC. 

 This
Agreement and the Loan Documents is intended by the parties as the final, complete and exclusive statement of the transactions evidenced by this Agreement and the Loan Documents. All prior or contemporaneous promises, agreements and understandings,
whether oral or written, are deemed to be superseded by this Agreement and the Loan Documents, and no party is relying on any promise, agreement or understanding not set forth in this Agreement and the Loan Documents. Neither this Agreement nor any
term hereof may be changed, waived, discharged or terminated, except as provided in §27. 
  

	§25.	WAIVER OF JURY TRIAL AND CERTAIN DAMAGE CLAIMS. 

 EACH OF THE BORROWER, THE GUARANTORS, THE AGENT AND THE LENDERS HEREBY WAIVES ITS RIGHT TO A JURY TRIAL WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN CONNECTION WITH THIS AGREEMENT,
ANY NOTE OR ANY OF THE OTHER LOAN DOCUMENTS, ANY RIGHTS OR OBLIGATIONS HEREUNDER OR THEREUNDER OR THE PERFORMANCE OF SUCH RIGHTS AND OBLIGATIONS. THE BORROWER AND EACH GUARANTOR HEREBY WAIVES ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH
LITIGATION ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES AND TO THE EXTENT PERMITTED BY APPLICABLE LAW, PUNITIVE OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES. THE BORROWER AND EACH GUARANTOR (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY LENDER OR THE AGENT HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH LENDER OR THE AGENT WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS AND (B) ACKNOWLEDGES THAT THE AGENT
AND THE LENDERS HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS TO WHICH THEY ARE PARTIES BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS CONTAINED IN THIS §25. THE BORROWER AND EACH GUARANTOR ACKNOWLEDGES
THAT IT HAS HAD AN OPPORTUNITY TO REVIEW THIS §25 WITH LEGAL COUNSEL AND THAT THE BORROWER AND EACH GUARANTOR AGREES TO THE FOREGOING AS ITS FREE, KNOWING AND VOLUNTARY ACT. 

 

	§26.	DEALINGS WITH THE BORROWER AND THE GUARANTORS. 

 The Agent, the Lenders and their affiliates may accept deposits from, extend credit to, invest in, act as trustee under indentures of, serve as financial advisor of, and generally engage in any kind of
banking, trust or other business with the Borrower, the Guarantors and their respective Subsidiaries or any of their Affiliates regardless of the capacity of the Agent or the Lender hereunder. The Lenders acknowledge that, pursuant to such
activities, KeyBank or its Affiliates may receive information regarding such Persons (including information that may be subject to confidentiality obligations in favor of such Person) and acknowledge that the Agent shall be under no obligation to
provide such information to them. 

  
 137

	§27.	CONSENTS, AMENDMENTS, WAIVERS, ETC. 

 Except as otherwise expressly provided in this Agreement, any consent or approval required or permitted by this Agreement may be given, and any term of this Agreement or of any other instrument related
hereto or mentioned herein may be amended, and the performance or observance by the Borrower or the Guarantors of any terms of this Agreement or such other instrument or the continuance of any Default or Event of Default may be waived (either
generally or in a particular instance and either retroactively or prospectively) with, but only with, the written consent of the Required Lenders. Notwithstanding the foregoing, none of the following may occur without the written consent of each
Lender: (a) a reduction in the rate of interest on the Notes (other than a reduction or waiver of default interest); (b) an increase in the amount of the Commitments of the Lenders (except as provided in §2.11 and §18.1);
(c) a forgiveness, reduction or waiver of the principal of any unpaid Loan or any interest thereon or fee payable under the Loan Documents; (d) a reduction of a fee or change in the amount of any fee payable to a Lender hereunder;
(e) the postponement of any date fixed for any payment of principal of or interest on any Loan, or any fee payable to the affected Lenders (excluding any fee payable to any arranger or the Agent in its capacity as administrative agent
hereunder); (f) an extension of the Revolving Credit Maturity Date (except as provided in §2.15) or the Term Loan Maturity Date; (g) a change in the manner of distribution of any payments to the Lenders or the Agent; (h) the
release of the Borrower, any Guarantor or the removal of any Unencumbered Asset Pool Properties except as otherwise provided in §5.4, §5.5, §7.18(c) or §7.18(d); (i) an amendment of the definition of Majority Revolving
Credit Lenders, Required Lenders or of any requirement for consent by all of the Lenders; (j) any modification to require a Lender to fund a pro rata share of a request for an advance of the Loan made by the Borrower other than based on its
Commitment Percentage; (k) an amendment to this §27; or (l) an amendment of any provision of this Agreement or the Loan Documents which requires the approval of all of the Majority Revolving Credit Lenders or the Required Lenders to
require a lesser number of Lenders to approve such action. The provisions of §14 may not be amended without the written consent of the Agent. There shall be no amendment, modification or waiver of any provision in the Loan Documents with
respect to Swing Loans without the consent of the Swing Loan Lender, nor any amendment, modification or waiver of any provision in the Loan Documents with respect to Letters of Credit without the consent of the Issuing Lender. Notwithstanding
anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Required
Lenders, the Majority Revolving Credit Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders, except that (x) the Commitment of any Defaulting Lender may not be increased
without the consent of such Lender, and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall
require the consent of such Defaulting Lender). 
 Any amendment of the Equipment Intercreditor Agreement or the Subordination
and Standstill Agreements or waiver of the terms thereof shall require the written consent of the Required Lenders. No waiver shall extend to or affect any obligation not expressly waived or impair any right consequent thereon. No course of dealing
or delay or omission on the part of the Agent or any Lender in exercising any right shall operate as a waiver thereof or otherwise be 

  
 138

 
prejudicial thereto. No notice to or demand upon any of the Borrower or the Guarantors shall entitle the Borrower or the Guarantors to other or further notice or demand in similar or other
circumstances. 
  

	§28.	SEVERABILITY. 

 The provisions of
this Agreement are severable, and if any one clause or provision hereof shall be held invalid or unenforceable in whole or in part in any jurisdiction, then such invalidity or unenforceability shall affect only such clause or provision, or part
thereof, in such jurisdiction, and shall not in any manner affect such clause or provision in any other jurisdiction, or any other clause or provision of this Agreement in any jurisdiction. 

 

	§29.	TIME OF THE ESSENCE. 

 Time is of
the essence with respect to each and every covenant, agreement and obligation of the Borrower and the Guarantors under this Agreement and the other Loan Documents. 
  

	§30.	NO UNWRITTEN AGREEMENTS. 

 THE
LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. ANY
ADDITIONAL TERMS OF THE AGREEMENT BETWEEN THE PARTIES ARE SET FORTH BELOW. 
  

	§31.	REPLACEMENT NOTES. 

 Upon receipt
of evidence reasonably satisfactory to the Borrower of the loss, theft, destruction or mutilation of any Note, and in the case of any such loss, theft or destruction, upon delivery of an indemnity agreement reasonably satisfactory to the Borrower
or, in the case of any such mutilation, upon surrender and cancellation of the applicable Note, the Borrower will execute and deliver, in lieu thereof, a replacement Note, identical in form and substance to the applicable Note and dated as of the
date of the applicable Note and upon such execution and delivery all references in the Loan Documents to such Note shall be deemed to refer to such replacement Note. 
  

	§32.	NO THIRD PARTIES BENEFITED. 

This Agreement and the other Loan Documents are made and entered into for the sole protection and legal benefit of the Borrower, the
Guarantors, the Lenders, the Agent, the Lender Hedge Providers and their permitted successors and assigns, and no other Person shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection
with, this Agreement or any of the other Loan Documents. All conditions to the performance of the obligations of the Agent and the Lenders under this Agreement, including the obligation to make Loans and issue Letters of Credit, are imposed solely
and exclusively for the benefit of the Agent and the Lenders and no other Person shall have standing to require satisfaction of such conditions in accordance with their terms or be entitled to assume that the

  
 139

 
Agent and the Lenders will refuse to make Loans or issue Letters of Credit in the absence of strict compliance with any or all thereof and no other Person shall, under any circumstances, be
deemed to be a beneficiary of such conditions, any and all of which may be freely waived in whole or in part by the Agent and the Lenders at any time if in their sole discretion they deem it desirable to do so. In particular, the Agent and the
Lenders make no representations and assume no obligations as to third parties concerning the quality of the construction by the Borrower, the Guarantors or any of their Subsidiaries of any development or the absence therefrom of defects. 

 

	§33.	PATRIOT ACT. 

 Each Lender and
the Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower and the Guarantors that, pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies the Borrower and
the Guarantors, which information includes names and addresses and other information that will allow such Lender or the Agent, as applicable, to identify the Borrower and the Guarantors in accordance with the Patriot Act. 

 

	§34.	[Intentionally Omitted.] 

  

	§35.	JOINT AND SEVERAL LIABILITY. 

Each of the Borrower and the Guarantors covenants and agrees that each and every covenant and obligation of the Borrower or any Guarantor
hereunder and under the other Loan Documents shall be the joint and several obligations of the Borrower and each Guarantor. 

  
 140

 IN WITNESS WHEREOF, each of the undersigned have caused this Agreement to be executed
by its duly authorized representatives as of the date first set forth above. 
  

					
	BORROWER:
	
	QUALITYTECH, LP, a Delaware limited partnership
		
	By:	 	QualityTech GP, LLC, a Delaware limited liability company, its general partner
			
		 	By:	 	 /s/ William H. Schafer

		 	Name:	 	 William H. Schafer

		 	Title:	 	 CFO

			
		 		 	(SEAL)

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 141

 
			
	AGENT AND LENDERS:
	
	KEYBANK NATIONAL ASSOCIATION, individually and as Agent
		
	By:	 	 /s/ Timothy A. Sylvain

	Name:	 	 Timothy A. Sylvain

	Title:	 	 Vice President

		
		 	(SEAL)

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 142

 
			
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Shaun F. Whitson

	Name:	 	 Shaun F. Whitson

	Title:	 	 Vice President

		
		 	(SEAL)

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 143

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	By:	 	 /s/ James Rolison

	Name:	 	 James Rolison

	Title:	 	 Managing Director

		
	By:	 	 /s/ David Naranjo

	Name:	 	 David Naranjo

	Title:	 	 Vice President

		
		 	(SEAL)

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 144

 
			
	REGIONS BANK
		
	By:	 	 /s/ Kerri L. Raines

	Name:	 	 Kerri L. Raines

	Title:	 	 Vice President

		
		 	(SEAL)

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 145

 
			
	GOLDMAN SACHS BANK USA
		
	By:	 	 /s/ Mark Walton

	Name:	 	 Mark Walton

	Title:	 	 Authorized Signatory

		
		 	(SEAL)

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 146

 
			
	JEFFERIES GROUP LLC
		
	By:	 	 /s/ John Stacconi

	Name:	 	 John Stacconi

	Title:	 	 Global Treasurer

		
		 	(SEAL)

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 147

 
			
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	 /s/ Donald Shokrian

	Name:	 	 Donald Shokrian

	Title:	 	 Managing Director

		
		 	(SEAL)

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 148

 
			
	MORGAN STANLEY SENIOR FUNDING, INC.
		
	By:	 	 /s/ Michael King

	Name:	 	 Michael King

	Title:	 	 Vice President

		
		 	(SEAL)

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 149

 
			
	STIFEL BANK & TRUST
		
	By:	 	 /s/ John H. Phillips

	Name:	 	 John H. Phillips

	Title:	 	 Executive Vice President

	
	(SEAL)

  
 150

 EXHIBIT A-1 

FORM OF REVOLVING CREDIT NOTE 
  

			
	$             	  	            , 20    

 FOR VALUE RECEIVED, the undersigned (“Maker”), hereby promises to pay to
                                         
(“Payee”), or order, in accordance with the terms of that certain Second Amended and Restated Credit Agreement, dated as of May 1, 2013, as from time to time in effect, among the Borrower, KeyBank National Association, for itself and
as Agent, and such other Lenders as may be from time to time named therein (the “Credit Agreement”), to the extent not sooner paid, on or before the Revolving Credit Maturity Date, the principal sum of
                     ($            ), or such amount as may be advanced by the Payee
under the Credit Agreement as a Revolving Credit Loan with daily interest from the date thereof, computed as provided in the Credit Agreement, on the principal amount hereof from time to time unpaid, at a rate per annum on each portion of the
principal amount which shall at all times be equal to the rate of interest applicable to such portion in accordance with the Credit Agreement, and with interest on overdue principal and, to the extent permitted by applicable law, on overdue
installments of interest and late charges at the rates provided in the Credit Agreement. Interest shall be payable on the dates specified in the Credit Agreement, except that all accrued interest shall be paid at the stated or accelerated maturity
hereof or upon the prepayment in full hereof. Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in the Credit Agreement. 
 Payments hereunder shall be made to the Agent for the Payee at 127 Public Square, Cleveland, Ohio 44114-1306, or at such other address as Agent may designate from time to time. 

This Note is one of one or more Revolving Credit Notes evidencing borrowings under and is entitled to the benefits and subject to the
provisions of the Credit Agreement. The principal of this Note may be due and payable in whole or in part prior to the Revolving Credit Maturity Date and is subject to mandatory prepayment in the amounts and under the circumstances set forth in the
Credit Agreement, and may be prepaid in whole or from time to time in part, all as set forth in the Credit Agreement. 

Notwithstanding anything in this Note to the contrary, all agreements between the undersigned Maker and the Lenders and the Agent,
whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no contingency, whether by reason of acceleration of the maturity of any of the Obligations or otherwise, shall the interest contracted for, charged
or received by the Lenders exceed the maximum amount permissible under applicable law. If, from any circumstance whatsoever, interest would otherwise be payable to the Lenders in excess of the maximum lawful amount, the interest payable to the
Lenders shall be reduced to the maximum amount permitted under applicable law; and if from any circumstance the Lenders shall ever receive anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to
any excessive interest shall be applied to the reduction of the principal balance of the Obligations of the undersigned Maker and to the payment of interest or, if such excessive interest exceeds the unpaid balance of principal of the Obligations of
the undersigned Maker, such excess shall be refunded to the undersigned 

  
 A-1 - Page 1

 
Maker. All interest paid or agreed to be paid to the Lenders shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full period until
payment in full of the principal of the Obligations of the undersigned Maker (including the period of any renewal or extension thereof) so that the interest thereon for such full period shall not exceed the maximum amount permitted by applicable
law. This paragraph shall control all agreements between the undersigned Maker and the Lenders and the Agent. 
 In case an
Event of Default shall occur and be continuing, the entire principal amount of this Note may become or be declared due and payable in the manner and with the effect provided in said Credit Agreement. 

This Note shall be governed by the laws of the State of Georgia. 

The undersigned Maker and all guarantors and endorsers hereby waive presentment, demand, notice, protest, notice of intention to
accelerate the indebtedness evidenced hereby, notice of acceleration of the indebtedness evidenced hereby and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this Note, except as specifically
otherwise provided in the Credit Agreement, and assent to extensions of time of payment or forbearance or other indulgence without notice. 
 This Note and certain other Notes being executed contemporaneously herewith is delivered in amendment and restatement of the “Notes” as such term is defined in First Amended and Restated Credit
Agreement. 
 IN WITNESS WHEREOF, the undersigned has by its duly authorized officer executed this Note on the day and year
first above written. 
  

					
	QUALITYTECH, LP, a Delaware limited partnership
		
	By:	 	QualityTech GP, LLC, a Delaware limited liability company, its general partner
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	(SEAL)

  
 A-1 - Page 2

 EXHIBIT A-2 

FORM OF SWING LOAN NOTE 
  

			
	$            	  	            , 20    

 FOR VALUE RECEIVED, the undersigned (“Maker”), hereby promises to pay to KEYBANK NATIONAL
ASSOCIATION (“Payee”), or order, in accordance with the terms of that certain Second Amended and Restated Credit Agreement, dated as of May 1, 2013, as from time to time in effect, among the Borrower, KeyBank National Association, for
itself and as Agent, and such other Lenders as may be from time to time named therein (the “Credit Agreement”), to the extent not sooner paid, on or before the Revolving Credit Maturity Date, the principal sum of
                     and No/100 ($            ), or, if less, such amount as may be
advanced by the Payee under the Credit Agreement as a Swing Loan with daily interest from the date thereof, computed as provided in the Credit Agreement, on the principal amount hereof from time to time unpaid, at a rate per annum on each portion of
the principal amount which shall at all times be equal to the rate of interest applicable to such portion in accordance with the Credit Agreement, and with interest on overdue principal and, to the extent permitted by applicable law, on overdue
installments of interest at the rates provided in the Credit Agreement. Interest shall be payable on the dates specified in the Credit Agreement, except that all accrued interest shall be paid at the stated or accelerated maturity hereof or upon the
prepayment in full hereof. Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in the Credit Agreement. 
 Payments hereunder shall be made to the Agent for the Payee at 127 Public Square, Cleveland, Ohio 44114-1306, or at such other address as Agent may designate from time to time. 

This Note is the Swing Loan Note evidencing borrowings under and is entitled to the benefits and subject to the provisions of the Credit
Agreement. The principal of this Note may be due and payable in whole or in part prior to the Revolving Credit Maturity Date and is subject to mandatory prepayment in the amounts and under the circumstances set forth in the Credit Agreement, and may
be prepaid in whole or from time to time in part, all as set forth in the Credit Agreement. 
 Notwithstanding anything in this
Note to the contrary, all agreements between the undersigned Maker and the Lenders and the Agent, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no contingency, whether by reason of acceleration
of the maturity of any of the Obligations or otherwise, shall the interest contracted for, charged or received by the Lenders exceed the maximum amount permissible under applicable law. If, from any circumstance whatsoever, interest would otherwise
be payable to the Lenders in excess of the maximum lawful amount, the interest payable to the Lenders shall be reduced to the maximum amount permitted under applicable law; and if from any circumstance the Lenders shall ever receive anything of
value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excessive interest shall be applied to the reduction of the principal balance of the Obligations of the undersigned Maker and

  
 A-2 - Page 1

 
to the payment of interest or, if such excessive interest exceeds the unpaid balance of principal of the Obligations of the undersigned Maker, such excess shall be refunded to the undersigned
Maker. All interest paid or agreed to be paid to the Lenders shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full period until payment in full of the principal of the Obligations of the
undersigned Maker (including the period of any renewal or extension thereof) so that the interest thereon for such full period shall not exceed the maximum amount permitted by applicable law. This paragraph shall control all agreements between the
undersigned Maker and the Lenders and the Agent. 
 In case an Event of Default shall occur and be continuing, the entire
principal amount of this Note may become or be declared due and payable in the manner and with the effect provided in said Credit Agreement. 
 This Note shall be governed by the laws of the State of Georgia. 
 The undersigned
Maker and all guarantors and endorsers hereby waive presentment, demand, notice, protest, notice of intention to accelerate the indebtedness evidenced hereby, notice of acceleration of the indebtedness evidenced hereby and all other demands and
notices in connection with the delivery, acceptance, performance and enforcement of this Note, except as specifically otherwise provided in the Credit Agreement, and assent to extensions of time of payment or forbearance or other indulgence without
notice. 
 IN WITNESS WHEREOF, the undersigned has by its duly authorized officer executed this Note on the day and year first
above written. 
  

					
	QUALITYTECH, LP, a Delaware limited partnership
		
	By:	 	QualityTech GP, LLC, a Delaware limited liability company, its general partner
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	(SEAL)

  
 A-2 - Page 2

 EXHIBIT A-3 

FORM OF TERM LOAN NOTE 
  

			
	$            	  	            , 20    

 FOR VALUE RECEIVED, the undersigned (“Maker”), hereby promises to pay to
                                         
(“Payee”), or order, in accordance with the terms of that certain Second Amended and Restated Credit Agreement, dated as of May 1, 2013, as from time to time in effect, among the Borrower, KeyBank National Association, for itself and
as Agent, and such other Lenders as may be from time to time named therein (the “Credit Agreement”), to the extent not sooner paid, on or before the Term Loan Maturity Date, the principal sum of
                     ($            ), or such amount as may be advanced by the Payee
under the Credit Agreement as a Term Loan with daily interest from the date thereof, computed as provided in the Credit Agreement, on the principal amount hereof from time to time unpaid, at a rate per annum on each portion of the principal amount
which shall at all times be equal to the rate of interest applicable to such portion in accordance with the Credit Agreement, and with interest on overdue principal and, to the extent permitted by applicable law, on overdue installments of interest
and late charges at the rates provided in the Credit Agreement. Interest shall be payable on the dates specified in the Credit Agreement, except that all accrued interest shall be paid at the stated or accelerated maturity hereof or upon the
prepayment in full hereof. Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in the Credit Agreement. 
 Payments hereunder shall be made to the Agent for the Payee at 127 Public Square, Cleveland, Ohio 44114-1306, or at such other address as Agent may designate from time to time. 

This Note is one of one or more Term Loan Notes evidencing borrowings under and is entitled to the benefits and subject to the provisions
of the Credit Agreement. The principal of this Note may be due and payable in whole or in part prior to the Term Loan Maturity Date and is subject to mandatory prepayment in the amounts and under the circumstances set forth in the Credit Agreement,
and may be prepaid in whole or from time to time in part, all as set forth in the Credit Agreement. 
 Notwithstanding anything
in this Note to the contrary, all agreements between the undersigned Maker and the Lenders and the Agent, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no contingency, whether by reason of
acceleration of the maturity of any of the Obligations or otherwise, shall the interest contracted for, charged or received by the Lenders exceed the maximum amount permissible under applicable law. If, from any circumstance whatsoever, interest
would otherwise be payable to the Lenders in excess of the maximum lawful amount, the interest payable to the Lenders shall be reduced to the maximum amount permitted under applicable law; and if from any circumstance the Lenders shall ever receive
anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excessive interest shall be applied to the reduction of the principal balance of the Obligations of the undersigned Maker and to the
payment of interest or, if such excessive interest exceeds the unpaid balance of principal of the Obligations of the undersigned Maker, such excess shall be refunded to the undersigned 

  
 A-3 - Page 1

 
Maker. All interest paid or agreed to be paid to the Lenders shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full period until
payment in full of the principal of the Obligations of the undersigned Maker (including the period of any renewal or extension thereof) so that the interest thereon for such full period shall not exceed the maximum amount permitted by applicable
law. This paragraph shall control all agreements between the undersigned Maker and the Lenders and the Agent. 
 In case an
Event of Default shall occur and be continuing, the entire principal amount of this Note may become or be declared due and payable in the manner and with the effect provided in said Credit Agreement. 

This Note shall be governed by the laws of the State of Georgia. 

The undersigned Maker and all guarantors and endorsers hereby waive presentment, demand, notice, protest, notice of intention to
accelerate the indebtedness evidenced hereby, notice of acceleration of the indebtedness evidenced hereby and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this Note, except as specifically
otherwise provided in the Credit Agreement, and assent to extensions of time of payment or forbearance or other indulgence without notice. 
 IN WITNESS WHEREOF, the undersigned has by its duly authorized officer executed this Note on the day and year first above written. 

 

					
	QUALITYTECH, LP, a Delaware limited partnership
		
	By:	 	QualityTech GP, LLC, a Delaware limited liability company, its general partner
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	(SEAL)

  
 A-3 –
Page 2 

 EXHIBIT B 

[INTENTIONALLY OMITTED] 

  
 B-1

 EXHIBIT C 

[INTENTIONALLY OMITTED] 

  
 C-1

 EXHIBIT D 

FORM OF LEASE 

See attached. 

  
 D-1

 EXHIBIT E-1 

[INTENTIONALLY OMITTED] 

  
 E-1 - Page 1

 EXHIBIT E-2 

FORM OF GUARANTOR JOINDER AGREEMENT 
 THIS JOINDER AGREEMENT (“Joinder Agreement”) is executed as of             , 20    , by
                    , a
                    (“Joining Party”), and delivered to KeyBank National Association, as Agent, pursuant to §5.3 of the Second Amended
and Restated Credit Agreement dated as of May 1, 2013, as from time to time in effect (the “Credit Agreement”), among the Borrower, KeyBank National Association, for itself and as Agent, and the other Lenders from time to time party
thereto. Terms used but not defined in this Joinder Agreement shall have the meanings defined for those terms in the Credit Agreement. 
 RECITALS 
 A. Joining Party is required, pursuant to §5.3 of
the Credit Agreement, to become an additional Guarantor under the Guaranty and the Contribution Agreement. 
 B. Joining Party
expects to realize direct and indirect benefits as a result of the availability to the Borrower of the credit facilities under the Credit Agreement. 
 NOW, THEREFORE, Joining Party agrees as follows: 
 AGREEMENT

 1. Joinder. By this Joinder Agreement, Joining Party hereby becomes a “Guarantor” under the
Guaranty and the other Loan Documents with respect to all the Obligations of the Borrower now or hereafter incurred under the Credit Agreement and the other Loan Documents, and a [“Guarantor”] under the Contribution Agreement.
Joining Party agrees that Joining Party is and shall be bound by, and hereby assumes, all representations, warranties, covenants, terms, conditions, duties and waivers applicable to a Guarantor under the Guaranty, the other Loan Documents and the
Contribution Agreement. 
 2. Representations and Warranties of Joining Party. Joining Party represents and
warrants to Agent that, as of the Effective Date (as defined below), except as disclosed in writing by Joining Party to Agent on or prior to the date hereof and approved by the Agent in writing (which disclosures shall be deemed to amend the
Schedules and other disclosures delivered as contemplated in the Credit Agreement), the representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects as applied to Joining
Party as a Guarantor on and as of the Effective Date as though made on that date. As of the Effective Date, all covenants and agreements in the Loan Documents and the Contribution Agreement of the Guarantors are true and correct with respect to
Joining Party and no Default or Event of Default shall exist or might exist upon the Effective Date in the event that Joining Party becomes a Guarantor. 
 3. Joint and Several. Joining Party hereby agrees that, as of the Effective Date, the Guaranty, the Contribution Agreement and the other Loan Documents heretofore delivered to the Agent and the
Lenders shall be a joint and several obligation of Joining Party to the same extent 

  
 E-2 - Page 1

 
as if executed and delivered by Joining Party, and upon request by Agent, will promptly become a party to the Guaranty, the Contribution Agreement and the other Loan Documents to confirm such
obligation. 
 4. Further Assurances. Joining Party agrees to execute and deliver such other instruments and documents
and take such other action, as the Agent may reasonably request, in connection with the transactions contemplated by this Joinder Agreement. 
 5. GOVERNING LAW. THIS AGREEMENT SHALL BE DEEMED TO BE A CONTRACTUAL OBLIGATION UNDER, AND SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF GEORGIA.

 6. Counterparts. This Agreement may be executed in any number of counterparts which shall together constitute but one
and the same agreement. 
 7. The effective date (the “Effective Date”) of this Joinder Agreement is
            , 20    . 
 IN WITNESS WHEREOF,
Joining Party has executed this Joinder Agreement under seal as of the day and year first above written. 
  

			
	“JOINING PARTY”
	
	
                         
                                         
                  , a
 
                                         
                               

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[SEAL]

  

			
	 ACKNOWLEDGED:

 

	KEYBANK NATIONAL ASSOCIATION, as Agent
		
	By:	 	  

		
	Its:	 	  

	
	[Printed Name and Title]
	
	[SEAL]

  
 E-2 - Page 2

 EXHIBIT F 

[INTENTIONALLY OMITTED] 

  
 F-1

 EXHIBIT G 

FORM OF REQUEST FOR REVOLVING CREDIT LOAN 
 KeyBank National Association, as Agent 
 4910 Tiedeman Road, 3rd Floor 
 Brooklyn, Ohio 44144 
 Attn: Vernon Johnson 

Ladies and Gentlemen: 

Pursuant to the provisions of §2.7 of the Second Amended and Restated Credit Agreement dated as of May 1, 2013 (as the same may
hereafter be amended, the “Credit Agreement”), among the Borrower, KeyBank National Association for itself and as Agent, and the other Lenders from time to time party thereto, the undersigned hereby requests and certifies as follows:

 1. Revolving Credit Loan. The undersigned [Borrower] on behalf of the Borrower hereby requests a [Revolving
Credit Loan under §2.1][Swing Loan under §2.5] of the Credit Agreement: 
 Principal Amount:
$             
 Type (LIBOR Rate, Base Rate): 

Drawdown Date: 

Interest Period for Revolving Credit LIBOR Rate Loans: 
 by credit to the general account of the Borrower with the Agent at the Agent’s Head Office. 
 [If the requested Loan is a Swing Loan and the Borrower desires for such Loan to be a LIBOR Rate Loan following its conversion as provided in §2.5(d), specify the Interest Period following
conversion:                    ] 
 2. Use of Proceeds. Such Loan shall be used for purposes permitted by §2.9 of the Credit Agreement. 
 3. No Default. The undersigned certifies that the Borrower is and will be in compliance with all covenants under the Loan Documents after giving effect to the making of the Loan requested hereby
and no Default or Event of Default has occurred and is continuing. Attached hereto is a Borrowing Base Certificate setting forth a calculation of the Unencumbered Asset Pool Availability after giving effect to the Loan requested hereby. No
condemnation proceedings are pending, or, to the undersigned’s knowledge, threatened against any Unencumbered Asset Pool Properties. 
 4. Representations True. The undersigned certifies, represents and agrees that each of the representations and warranties made by or on behalf of the Borrower, the Guarantors or their respective
Subsidiaries, contained in the Credit Agreement, in the other Loan Documents or in any document or instrument delivered pursuant to or in connection with the Credit Agreement was true in all material respects as of the date on which it was made and,
is true in all material 

  
 G-1

 
respects as of the date hereof and shall also be true at and as of the Drawdown Date for the Loan requested hereby, with the same effect as if made at and as of such Drawdown Date, except to the
extent of changes resulting from transactions permitted by the Loan Documents (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct only as of
such specified date). 
 5. Other Conditions. The undersigned certifies, represents and agrees that all other conditions
to the making of the Loan requested hereby set forth in the Credit Agreement have been satisfied. 
 6. Definitions.
Terms defined in the Credit Agreement are used herein with the meanings so defined. 
 IN WITNESS WHEREOF, the undersigned has
duly executed this request this      day of             , 20    . 

 

					
	QUALITYTECH, LP, a Delaware limited partnership
		
	By:	 	QualityTech GP, LLC, a Delaware limited liability company, its general partner
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 [To be signed by chief financial officer or chief accounting officer] 

  
 G-2

 EXHIBIT H 

FORM OF LETTER OF CREDIT REQUEST 
 [DATE] 
 KeyBank National Association, as Agent 

1675 Broadway, Suite 400 
 Denver, Colorado 80202

 Attn: Cheryl Van Klompenberg 
  

	 	Re:	Letter of Credit Request under Second Amended and Restated Credit Agreement dated as of May 1, 2013, as amended 

Ladies and Gentlemen: 

Pursuant to §2.10 of the Second Amended and Restated Credit Agreement dated as of May 1, 2013, as amended, among you, certain
other Lenders, the Borrower and the Guarantors (the “Credit Agreement”) and certain other parties thereto, we hereby request that you issue a Letter of Credit as follows: 

 

	 	(i)	Name and address of beneficiary: 

  

	 	(ii)	Face amount: $             

 

	 	(iii)	Proposed Issuance Date: 

  

	 	(iv)	Proposed Expiration Date: 

  

	 	(v)	Other terms and conditions to be included in the proposed form of Letter of Credit [Form Attached as Exhibit L to the Credit Agreement].

  

	 	(vi)	Purpose of Letter of Credit: 

This Letter of Credit Request is submitted pursuant to, and shall be governed by, and subject to satisfaction of, the terms, conditions
and provisions set forth in §2.10 of the Credit Agreement. 
 The undersigned chief financial officer or chief accounting
officer of the Borrower certifies that the Borrower, Guarantors and their respective Subsidiaries are and will be in compliance with all covenants under the Loan Documents after giving effect to the issuance of the Letter of Credit requested hereby
and no Default or Event of Default has occurred and is continuing. Attached hereto is a Borrowing Base Certificate setting forth a calculation of the Unencumbered Asset Pool Availability after giving effect to the Letter of Credit requested hereby.
No condemnation proceedings are pending or, to the undersigned’s knowledge, threatened against any Unencumbered Asset Pool Properties. 

  
 H-1

 We also understand that if you grant this request this request obligates us to accept the
requested Letter of Credit and pay the issuance fee and Letter of Credit fee as required by §2.10(e). All capitalized terms defined in the Credit Agreement and used herein without definition shall have the meanings set forth in §1.1 of the
Credit Agreement. 
 The undersigned chief financial officer or chief accounting officer of the Borrower certifies, represents
and agrees that each of the representations and warranties made by or on behalf of the Borrower, Guarantors or their respective Subsidiaries, contained in the Credit Agreement, in the other Loan Documents or in any document or instrument delivered
pursuant to or in connection with the Credit Agreement was true in all material respects as of the date on which it was made, is true as of the date hereof and shall also be true at and as of the proposed issuance date of the Letter of Credit
requested hereby, with the same effect as if made at and as of the proposed issuance date, except to the extent of changes resulting from transactions permitted by the Loan Documents (it being understood and agreed that any representation or
warranty which by its terms is made as of a specified date shall be required to be true and correct only as of such specified date). 
  

					
	Very truly yours,
	
	QUALITYTECH, LP, a Delaware limited partnership
		
	By:	 	QualityTech GP, LLC, a Delaware limited liability company, its general partner
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	(SEAL)

  
 H-2

 EXHIBIT I 

FORM OF BORROWING BASE CERTIFICATE 
 BORROWING BASE WORKSHEET 
  

					
	A.	  	Total Commitment	  	$            
			
		  	[See attached spreadsheet listing values]	  	
			
	B.	  	Unencumbered Asset Capitalized Value: The maximum principal amount of Loans and Letter of Credit Liabilities, which when added to all Unsecured Debt other than the Loans and Letter
of Credit Liabilities, would not cause the Consolidated Total Unsecured Debt plus the outstanding principal balance of the Equipment Loan to be greater than fifty-five percent (55%) of the Unencumbered Asset Pool Capitalized Value	  	$            
			
	C.	  	Unencumbered Asset Pool Debt Service Coverage Ratio Test: The maximum principal amount of Loans and Letter of Credit Liabilities, which when added to all Unsecured Debt other than
the Loans and Letter of Credit Liabilities, would not cause the Unencumbered Asset Pool Debt Service Ratio to be less than 1.75 to 1.00	  	$            
			
		  	[See Attached Spreadsheet]	  	
			
	D.	  	Unencumbered Asset Pool Debt Yield: The maximum principal amount of Loans and Letter of Credit Liabilities, which when added to all Unsecured Debt other than the Loans and Letter of
Credit Liabilities, would not cause the Unencumbered Asset Pool Debt Yield to be less than fifteen percent (15%)	  	$            
			
	E.	  	Unencumbered Asset Pool Availability: Lesser of A, B, C or D	  	$            

  
 I-1

 EXHIBIT J 

FORM OF COMPLIANCE CERTIFICATE 

KeyBank National Association, as Agent 
 127
Public Square 
 Cleveland, Ohio 44114-1306 
 Attn: Tim Sylvain 
 Ladies and Gentlemen: 

Reference is made to the Second Amended and Restated Credit Agreement dated as of May 1, 2013 (as the same may hereafter be amended,
the “Credit Agreement”) by and among the Borrower, KeyBank National Association for itself and as Agent, and the other Lenders from time to time party thereto. Terms defined in the Credit Agreement and not otherwise defined herein are used
herein as defined in the Credit Agreement. 
 Pursuant to the Credit Agreement, Parent Company is furnishing to you herewith (or
have most recently furnished to you) the consolidated financial statements of Parent Company for the fiscal period ended                      (the
“Balance Sheet Date”). Such financial statements have been prepared in accordance with GAAP and present fairly in all material respects the consolidated financial position of Parent Company at the date thereof and the results of its
operations for the periods covered thereby. 
 This certificate is submitted in compliance with requirements of §2.11(e),
§5.4(b), §7.4(c), §7.18(a), §8.1, §10.12 or §11.3 of the Credit Agreement. If this certificate is provided under a provision other than §7.4(c), the calculations provided below are made using the consolidated
financial statements of Parent Company as of the Balance Sheet Date adjusted in the best good faith estimate of Parent Company to give effect to the making of a Loan, issuance of a Letter of Credit, acquisition or disposition of property or other
event that occasions the preparation of this certificate; and the nature of such event and the estimate of Parent Company of its effects are set forth in reasonable detail in an attachment hereto. The undersigned officer is the chief financial
officer or chief accounting officer of Parent Company. 
 The undersigned representative has caused the provisions of the Loan
Documents to be reviewed and has no knowledge of any Default or Event of Default. (Note: If the signer does have knowledge of any Default or Event of Default, the form of certificate should be revised to specify the Default or Event of Default, the
nature thereof and the actions taken, being taken or proposed to be taken by the Borrower and Guarantors with respect thereto.) 

The undersigned is providing the attached information to demonstrate compliance as of the date hereof with the covenants described in the
attachment hereto. 

  
 J-1

 IN WITNESS WHEREOF, the undersigned have duly executed this Compliance Certificate this
     day of             , 20    . 
 [Prior to the IPO Event to be signed by the Borrower; Following IPO Event to be signed by REIT] 

  
 J-2

 APPENDIX TO COMPLIANCE CERTIFICATE 

  
 J-3

 WORKSHEET 
 GROSS ASSET VALUE 
  

							
	A.	  	The Adjusted Net Operating Income of any Real estate owned by Parent Company or its Subsidiaries which is a Stabilized Property divided by 0.09	  	 	$            	  
			
	B.	  	The cost basis book value determined in accordance with GAAP of all Real Estate acquired by Parent Company or any of its Subsidiaries for the prior two fiscal quarters most recently
ended	  	 	$            	  
			
	C.	  	Book Value of Development Properties	  	 	$            	  
			
	D.	  	Book Value of Land Assets	  	 	$            	  
			
	E.	  	Amount of cash contained in any accounts established by or the benefit of Parent Company or its Subsidiaries to effectuate a tax-deferred exchange (also known as a “1031”
exchange) in connection with the purchase and/or sale of all or a portion of Real Estate; plus	  	 	$            	  
			
	F.	  	Aggregate amount of Unrestricted Cash and Cash Equivalents of Parent Company and its Subsidiaries:	  	 	$            	  
			
	G.	  	Aggregate amount of Restricted Cash and Cash Equivalents of Parent Company and its Subsidiaries that does not qualify as “Unrestricted” as defined in the definition of
Unrestricted Cash and Cash Equivalents (excluding amounts included in E above) (to the extent approved by Agent)	  	 	$            	  
			
	H.	  	Pro rata share of Gross Asset Value attributable to such assets owned by Unconsolidated Affiliates:	  	 	$            	  
			
		  		  	 	$            	  
			
		  	Gross Asset Value equals sum of A plus B plus C plus D plus E plus F plus G plus H	  	 	$            	  

  
 J-4

 EXHIBIT K 

FORM OF ASSIGNMENT AND ACCEPTANCE AGREEMENT 
 THIS ASSIGNMENT AND ACCEPTANCE AGREEMENT (this “Agreement”) dated                     ,
by and between
                                        
(“Assignor”), and
                                        
(“Assignee”). 
 W I T N E S S E T H: 
 WHEREAS, Assignor is a party to that certain Second Amended and Restated Credit Agreement, dated May 1, 2013, by and among the Borrower, the other lenders that are or may become a party
thereto, and KEYBANK NATIONAL ASSOCIATION, individually and as Agent (the “Credit Agreement”); and 

WHEREAS, Assignor desires to transfer to Assignee [Describe assigned Commitment] under the Credit Agreement and its rights
with respect to the Commitment assigned and its Outstanding Loans with respect thereto; 
 NOW, THEREFORE, for and
in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, Assignor and Assignee hereby agree as follows: 

1. Definitions. Terms defined in the Credit Agreement and used herein without definition shall have the respective meanings
assigned to such terms in the Credit Agreement. 
 2. Assignment. 

(a) Subject to the terms and conditions of this Agreement and in consideration of the payment to be made by Assignee to Assignor
pursuant to Paragraph 5 of this Agreement, effective as of the “Assignment Date” (as defined in Paragraph 7 below), Assignor hereby irrevocably sells, transfers and assigns to Assignee, without recourse, a portion of its [Revolving
Credit] [Term Loan] Note in the amount of $             representing a $             [Revolving Credit] [Term Loan]
Commitment, and a              percent (    %)[Revolving Credit] [Term Loan] Commitment Percentage, and a corresponding interest in and to all of the other
rights and obligations under the Credit Agreement and the other Loan Documents relating thereto (the assigned interests being hereinafter referred to as the “Assigned Interests”), including Assignor’s share of all outstanding
[Revolving Credit] [Term] Loans with respect to the Assigned Interests and the right to receive interest and principal on and all other fees and amounts with respect to the Assigned Interests, all from and after the Assignment Date, all as if
Assignee were an original Lender under and signatory to the Credit Agreement having a [Revolving Credit] [Term Loan] Commitment Percentage equal to the amount of the respective Assigned Interests. 

(b) Assignee, subject to the terms and conditions hereof, hereby assumes all obligations of Assignor with respect to the Assigned
Interests from and after the Assignment Date as if Assignee were an original Lender under and signatory to the Credit Agreement and the “Intercreditor Agreement” (as hereinafter defined), which obligations shall include, but shall not

  
 K-1

 
be limited to, the obligation to make [Revolving Credit] [Term] Loans to the Borrower with respect to the Assigned Interests and to indemnify the Agent as provided therein (such
obligations, together with all other obligations set forth in the Credit Agreement and the other Loan Documents are hereinafter collectively referred to as the “Assigned Obligations”). Assignor shall have no further duties or obligations
with respect to, and shall have no further interest in, the Assigned Obligations or the Assigned Interests. 
 3.
Representations and Requests of Assignor. 
 (a) Assignor represents and warrants to Assignee (i) that it is legally
authorized to, and has full power and authority to, enter into this Agreement and perform its obligations under this Agreement; (ii) that as of the date hereof, before giving effect to the assignment contemplated hereby the principal face
amount of Assignor’s [Revolving Credit] [Term Loan] Note is $             and the aggregate outstanding principal balance of the [Revolving Credit] [Term] Loans made by
it equals $            , and (iii) that it has forwarded to the Agent the [Revolving Credit] [Term Loan] Note held by Assignor. Assignor makes no representation or warranty,
express or implied, and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Loan Documents or the execution, legality, validity, enforceability, genuineness or sufficiency of any
Loan Document or any other instrument or document furnished pursuant thereto or in connection with the Loan, the collectability of the Loans, the continued solvency of the Borrower or the Guarantors or the continued existence, sufficiency or value
of any assets of the Borrowers or the Guarantors which may be realized upon for the repayment of the Loans, or the performance or observance by the Borrowers or the Guarantors of any of their respective obligations under the Loan Documents to which
it is a party or any other instrument or document delivered or executed pursuant thereto or in connection with the Loan; other than that it is the legal and beneficial owner of, or has the right to assign, the interests being assigned by it
hereunder and that such interests are free and clear of any adverse claim. 
 (b) Assignor requests that the Agent obtain
replacement Revolving Credit Notes or Term Loan Notes, as applicable, for each of Assignor and Assignee as provided in the Credit Agreement. 
 4. Representations of Assignee. Assignee makes and confirms to the Agent, Assignor and the other Lenders all of the representations, warranties and covenants of a Lender under Articles 14 and 18 of
the Credit Agreement. Without limiting the foregoing, Assignee (a) represents and warrants that it is legally authorized to, and has full power and authority to, enter into this Agreement and perform its obligations under this Agreement;
(b) confirms that it has received copies of such documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement; (c) agrees that it has and will, independently and without
reliance upon Assignor, any other Lender or the Agent and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in evaluating the Loans, the Loan Documents, the creditworthiness
of the Borrower and the Guarantors and the value of the assets of the Borrower and the Guarantors, and taking or not taking action under the Loan Documents and any intercreditor agreement among the Lenders and the Agent (the “Intercreditor
Agreement”); (d) appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers as are reasonably 

  
 K-2

 
incidental thereto pursuant to the terms of the Loan Documents and the Intercreditor Agreement; (e) agrees that, by this Assignment, Assignee has become a party to and will perform in
accordance with their terms all the obligations which by the terms of the Loan Documents and the Intercreditor Agreement are required to be performed by it as a Lender; (f) represents and warrants that Assignee does not control, is not
controlled by, is not under common control with and is otherwise free from influence or control by, the Borrower or the Guarantors and is not a Defaulting Lender or an Affiliate of a Defaulting Lender, (g) agrees that if Assignee is not
incorporated under the laws of the United States of America or any State, it has on or prior to the date hereof delivered to the Borrower and Agent certification as to its exemption (or lack thereof) from deduction or withholding of any United
States federal income taxes and (h) if Assignee is an assignee of any portion of the Revolving Credit Notes, Assignee has a net worth as of the date hereof of not less than $100,000,000.00 unless waived in writing by [the Borrower] and
Agent as required by the Credit Agreement. Assignee agrees that the Borrower may rely on the representation contained in Section 4(h). 
 5. Payments to Assignor. In consideration of the assignment made pursuant to Paragraph 1 of this Agreement, Assignee agrees to pay to Assignor on the Assignment Date, an amount equal to
$             representing the aggregate principal amount outstanding of the [Revolving Credit] [Term] Loans owing to Assignor under the Credit Agreement and the other Loan Documents
with respect to the Assigned Interests. 
 6. Payments by Assignor. Assignor agrees to pay the Agent on the Assignment
Date the registration fee required by §18.2 of the Credit Agreement. 
 7. Effectiveness. 

(a) The effective date for this Agreement shall be
                     (the “Assignment Date”). Following the execution of this Agreement, each party hereto shall deliver its duly executed
counterpart hereof to the Agent for acceptance and recording in the Register by the Agent. 
 (b) Upon such acceptance and
recording and from and after the Assignment Date, (i) Assignee shall be a party to the Credit Agreement and the Intercreditor Agreement and, to the extent of the Assigned Interests, have the rights and obligations of a Lender thereunder, and
(ii) Assignor shall, with respect to the Assigned Interests, relinquish its rights and be released from its obligations under the Credit Agreement and the Intercreditor Agreement. 

(c) Upon such acceptance and recording and from and after the Assignment Date, the Agent shall make all payments in respect of the rights
and interests assigned hereby accruing after the Assignment Date (including payments of principal, interest, fees and other amounts) to Assignee. 
 (d) All outstanding LIBOR Rate Loans shall continue in effect for the remainder of their applicable Interest Periods and Assignee shall accept the currently effective interest rates on its Assigned
Interest of each LIBOR Rate Loan. 

  
 K-3

 8. Notices. Assignee specifies as its address for notices and its Lending Office for
all assigned Loans, the offices set forth below: 
  

							
		 	   Notice Address:	 	  

		 		 	  

		 		 	  

		 		 	  

		 		 	Attn:	 	  

		 		 	Facsimile:	 	

  

					
		 	Domestic Lending Office:          Same as above
		
		 	Eurodollar Lending Office:        Same as above

 9. Payment Instructions. All payments to Assignee under the Credit Agreement shall be made as
provided in the Credit Agreement in accordance with the separate instructions delivered to Agent. 
 10. Governing Law.
THIS AGREEMENT IS INTENDED TO TAKE EFFECT AS A SEALED INSTRUMENT FOR ALL PURPOSES AND TO BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF GEORGIA (WITHOUT REFERENCE TO CONFLICT OF LAWS). 

11. Counterparts. This Agreement may be executed in any number of counterparts which shall together constitute but one and the
same agreement. 
 12. Amendments. This Agreement may not be amended, modified or terminated except by an agreement in
writing signed by Assignor and Assignee, and consented to by Agent. 
 13. Successors. This Agreement shall inure to the
benefit of the parties hereto and their respective successors and assigns as permitted by the terms of Credit Agreement and the Intercreditor Agreement. 
 [signatures on following page] 

  
 K-4

 IN WITNESS WHEREOF, intending to be legally bound, each of the undersigned has caused this
Agreement to be executed on its behalf by its officers thereunto duly authorized, as of the date first above written. 
  

			
	ASSIGNEE:
		
	By:	 	  

	Title:	 	
	
	ASSIGNOR:
		
	By:	 	  

	Title:	 	

  

					
	RECEIPT ACKNOWLEDGED AND ASSIGNMENT CONSENTED TO BY:
	
	KEYBANK NATIONAL ASSOCIATION, as Agent
		
	By:	 	  

		 	Title:	 	
	
	CONSENTED TO BY:
	
	QUALITYTECH, LP, a Delaware limited partnership
		
	By:	 	QualityTech GP, LLC, a Delaware limited liability company
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 K-5

 EXHIBIT L 

LETTER OF CREDIT APPLICATION 
 (see attached) 

  
 L-1

 SCHEDULE 1.1 

LENDERS AND COMMITMENTS 
 REVOLVING CREDIT LOAN 
  

									
	 Name and Address
	  	Revolving Credit
Loan Commitment	 	  	Revolving Credit
Commitment Percentage	 
	 KeyBank National Association

127 Public Square

Cleveland, Ohio 44114-1306

Attention: John C. Scott

Telephone: 216-689-5986

Facsimile: 216-689-4997
	  	$	50,000,000	  	  	 	14.285714285	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Deutsche Bank AG New York Branch

200 Crescent Court, Suite 500

Dallas, Texas 75201

Attention: Patrick Allen

Telephone: 214-740-7919

Facsimile: 214-740-7910
	  	$	50,000,000	  	  	 	14.285714285	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Regions Bank

1900 Fifth Avenue North, 15th Floor
 Birmingham, Alabama 35203
 Attention: Kerri
Raines
 Telephone: 205-801-0621

Facsimile: 205-264-5456
	  	$	50,000,000	  	  	 	14.285714285	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Bank of America, N.A.

7800 Forsyth Boulevard

Clayton, Missouri 63105-3311

Attention: Vincent Luongo

Telephone: 314-898-9371

Facsimile: 314-898-9252
	  	$	50,000,000	  	  	 	14.285714285	% 
			
	 LIBOR Lending

Office Same as Above
	  				  			

 Schedule 1.1 – Page 1 

									
	 Name and Address
	  	Revolving Credit
Loan Commitment	 	  	Revolving Credit
Commitment Percentage	 
	 Goldman Sachs Bank USA

200 West Street
 New York, New York 10282
 Attention: Michelle
Latzoni
 Telephone: 212-934-3921

Facsimile: 917-977-3966
	  	$	47,500,000	  	  	 	13.571428571	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Jefferies Group LLC

101 Hudson Street, 11th Floor
 Jersey City, New Jersey 07311
 Attention: Mark
Sahler
 Telephone: 201-761-7623

Facsimile: 201-221-8067
	  	$	47,500,000	  	  	 	13.571428571	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Morgan Stanley Senior Funding, Inc.

1300 Thames Street Wharf, 4th Floor
 Baltimore, Maryland 21231
 Attention: Steve
Delany
 Telephone: 443-627-4326

Facsimile: 212-404-9645
	  	$	22,500,000	  	  	 	6.428571428	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 JPMorgan Chase Bank, N.A.

500 Stanton Christiana Rd

Newark, Delaware 19713

Attention: Justin Heggan

Telephone: 302-634-4202

Facsimile: 302-634-4712
	  	$	22,500,000	  	  	 	6.428571428	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Stifel Bank & Trust

955 Executive Parkway, Suite 216

St. Louis, Missouri 63141

Attention: Gregory J. Muck

Telephone: 314-317-1250

Facsimile: 866-508-4416
	  	$	10,000,000	  	  	 	2.857142857	% 

  
 Schedule 1.1 -
Page 2 

									
	 Name and Address
	  	Revolving Credit
Loan Commitment	 	  	Revolving Credit
Commitment Percentage	 
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 TOTAL
	  	$	350,000,000	  	  	 	100.0	% 

  
 Schedule 1.1 -
Page 3 

 LENDERS AND COMMITMENTS 

TERM LOAN 
  

									
	 Name and Address
	  	Term Loan
Commitment	 	  	Term Loan
Commitment 
Percentage	 
	 KeyBank National Association

127 Public Square

Cleveland, Ohio 44114-1306

Attention: John C. Scott

Telephone: 216-689-5986

Facsimile: 216-689-4997
	  	$	65,000,000	  	  	 	28.888888888	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Deutsche Bank AG New York Branch

200 Crescent Court, Suite 500

Dallas, Texas 75201

Attention: Patrick Allen

Telephone: 214-740-7919

Facsimile: 214-740-7910
	  	$	35,000,000	  	  	 	15.555555555	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Regions Bank

1900 Fifth Avenue North, 15th Floor
 Birmingham, Alabama 35203
 Attention: Kerri
Raines
 Telephone: 205-801-0621

Facsimile: 205-264-5456
	  	$	25,000,000	  	  	 	11.111111111	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Bank of America, N.A.

7800 Forsyth Boulevard

Clayton, Missouri 63105-3311

Attention: Vincent Luongo

Telephone: 314-898-9371

Facsimile: 314-898-9252
	  	$	25,000,000	  	  	 	11.111111111	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			

  
 Schedule 1.1
– Page 4 

									
	 Name and Address
	  	Term Loan
Commitment	 	  	Term Loan
Commitment 
Percentage	 
	 Goldman Sachs Bank USA

200 West Street
 New York, New York 10282
 Attention: Michelle
Latzoni
 Telephone: 212-934-3921

Facsimile: 917-977-3966
	  	$	27,500,000	  	  	 	12.222222222	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Jefferies Group LLC

101 Hudson Street, 11th Floor
 Jersey City, New Jersey 07311
 Attention: Mark
Sahler
 Telephone: 201-761-7623

Facsimile: 201-221-8067
	  	$	27,500,000	  	  	 	12.2222222222	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Morgan Stanley Senior Funding, Inc.

1300 Thames Street Wharf, 4th Floor
 Baltimore, Maryland 21231
 Attention: Steve
Delany
 Telephone: 443-627-4326

Facsimile: 212-404-9645
	  	$	7,500,000	  	  	 	3.333333333	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 JPMorgan Chase Bank, N.A.

500 Stanton Christiana Rd

Newark, Delaware 19713

Attention: Justin Heggan

Telephone: 302-634-4202

Facsimile: 302-634-4712
	  	$	7,500,000	  	  	 	3.333333333	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Stifel Bank & Trust

955 Executive Parkway, Suite 216

St. Louis, Missouri 63141

Attention: Gregory J. Muck

Telephone: 314-317-1250

Facsimile: 866-508-4416
	  	$	5,000,000	  	  	 	2.222222222	% 

  
 Schedule 1.1 -
Page 5 

									
	 Name and Address
	  	Term Loan
Commitment	 	  	Term Loan
Commitment 
Percentage	 
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 TOTAL
	  	$	225,000,000	  	  	 	100.0	% 

  
 Schedule 1.1 -
Page 6 

 TOTAL COMMITMENTS 

LENDERS AND COMMITMENTS 
  

									
	 Name and Address
	  	Total Commitment	 	  	Total Commitment
Percentage	 
	 KeyBank National Association

127 Public Square

Cleveland, Ohio 44114-1306

Attention: John C. Scott

Telephone: 216-689-5986

Facsimile: 216-689-4997
	  	$	115,000,000	  	  	 	20.000000000	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Deutsche Bank AG New York Branch

200 Crescent Court, Suite 500

Dallas, Texas 75201

Attention: Patrick Allen

Telephone: 214-740-7919

Facsimile: 214-740-7910
	  	$	85,000,000	  	  	 	14.782608695	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Regions Bank

1900 Fifth Avenue North, 15th Floor
 Birmingham, Alabama 35203
 Attention: Kerri
Raines
 Telephone: 205-801-0621

Facsimile: 205-264-5456
	  	$	75,000,000	  	  	 	13.043478260	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Bank of America, N.A.

7800 Forsyth Boulevard

Clayton, Missouri 63105-3311

Attention: Vincent Luongo

Telephone: 314-898-9371

Facsimile: 314-898-9252
	  	$	75,000,000	  	  	 	13.043478260	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			

  
 Schedule 1.1
– Page 7 

									
	 Name and Address
	  	Total Commitment	 	  	Total Commitment
Percentage	 
	 Goldman Sachs Bank USA

200 West Street
 New York, New York 10282
 Attention: Michelle
Latzoni
 Telephone: 212-934-3921

Facsimile: 917-977-3966
	  	$	75,000,000	  	  	 	13.043478260	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Jefferies Group LLC

101 Hudson Street, 11th Floor
 Jersey City, New Jersey 07311
 Attention: Mark
Sahler
 Telephone: 201-761-7623

Facsimile: 201-221-8067
	  	$	75,000,000	  	  	 	13.043478260	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Morgan Stanley Senior Funding, Inc.

1300 Thames Street Wharf, 4th Floor
 Baltimore, Maryland 21231
 Attention: Steve
Delany
 Telephone: 443-627-4326

Facsimile: 212-404-9645
	  	$	30,000,000	  	  	 	5.217391304	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 JPMorgan Chase Bank, N.A.

500 Stanton Christiana Rd

Newark, Delaware 19713

Attention: Justin Heggan

Telephone: 302-634-4202

Facsimile: 302-634-4712
	  	$	30,000,000	  	  	 	5.217391304	% 
			
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 Stifel Bank & Trust

955 Executive Parkway, Suite 216

St. Louis, Missouri 63141

Attention: Gregory J. Muck

Telephone: 314-317-1250

Facsimile: 866-508-4416
	  	$	15,000,000	  	  	 	2.608695652	% 

  
 Schedule 1.1 -
Page 8 

									
	 Name and Address
	  	Total Commitment	 	  	Total Commitment
Percentage	 
	 LIBOR Lending Office

Same as Above
	  				  			
			
	 TOTAL
	  	$	575,000,000	  	  	 	100.0	% 

  
 Schedule 1.1 -
Page 9 

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
			
	§1.	 	DEFINITIONS AND RULES OF INTERPRETATION	  	 	2	  
				
		 	§1.1	  	Definitions	  	 	2	  
				
		 	§1.2	  	Rules of Interpretation	  	 	38	  
			
	§2.	 	THE CREDIT FACILITY	  	 	40	  
				
		 	§2.1	  	Revolving Credit Loans	  	 	40	  
				
		 	§2.2	  	Commitment to Lend Term Loan	  	 	41	  
				
		 	§2.3	  	Facility Unused Fee	  	 	41	  
				
		 	§2.4	  	Reduction and Termination of the Revolving Credit Commitments	  	 	42	  
				
		 	§2.5	  	Swing Loan Commitment	  	 	42	  
				
		 	§2.6	  	Interest on Loans	  	 	45	  
				
		 	§2.7	  	Requests for Revolving Credit Loans	  	 	45	  
				
		 	§2.8	  	Funds for Loans	  	 	46	  
				
		 	§2.9	  	Use of Proceeds	  	 	47	  
				
		 	§2.10	  	Letters of Credit	  	 	47	  
				
		 	§2.11	  	Increase in Total Commitment	  	 	51	  
				
		 	§2.12	  	Cash Collateral	  	 	54	  
				
		 	§2.13	  	Termination of Agreement	  	 	55	  
				
		 	§2.14	  	Defaulting Lenders	  	 	56	  
				
		 	§2.15	  	Extension of Revolving Credit Maturity Date	  	 	60	  
			
	§3.	 	REPAYMENT OF THE LOANS	  	 	60	  
				
		 	§3.1	  	Stated Maturity	  	 	60	  
				
		 	§3.2	  	Mandatory Prepayments	  	 	61	  
				
		 	§3.3	  	Optional Prepayments	  	 	61	  
				
		 	§3.4	  	Partial Prepayments	  	 	62	  
				
		 	§3.5	  	[Intentionally Omitted.]	  	 	62	  
				
		 	§3.6	  	Effect of Prepayments	  	 	62	  
			
	§4.	 	CERTAIN GENERAL PROVISIONS	  	 	62	  
				
		 	§4.1	  	Conversion Options	  	 	62	  
				
		 	§4.2	  	Fees	  	 	63	  
				
		 	§4.3	  	Agent Fee	  	 	63	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

 

									
	 	 	 	  	 	  	Page	 
				
		 	§4.4	  	Funds for Payments	  	 	63	  
				
		 	§4.5	  	Computations	  	 	65	  
				
		 	§4.6	  	Suspension of LIBOR Rate Loans	  	 	65	  
				
		 	§4.7	  	Illegality	  	 	66	  
				
		 	§4.8	  	Additional Interest	  	 	66	  
				
		 	§4.9	  	Additional Costs, Etc	  	 	66	  
				
		 	§4.10	  	Capital Adequacy	  	 	68	  
				
		 	§4.11	  	Breakage Costs	  	 	68	  
				
		 	§4.12	  	Default Interest	  	 	69	  
				
		 	§4.13	  	Certificate	  	 	69	  
				
		 	§4.14	  	Limitation on Interest	  	 	69	  
				
		 	§4.15	  	Certain Provisions Relating to Increased Costs and Non-Funding Lenders	  	 	69	  
			
	§5.	 	UNENCUMBERED ASSET POOL	  	 	70	  
				
		 	§5.1	  	Unsecured Obligations	  	 	70	  
				
		 	§5.2	  	Initial Unencumbered Asset Pool	  	 	70	  
				
		 	§5.3	  	Additional Subsidiary Guarantors	  	 	71	  
				
		 	§5.4	  	Removal of Real Estate from the Unencumbered Asset Pool	  	 	71	  
				
		 	§5.5	  	Release of Certain Guarantors	  	 	72	  
			
	§6.	 	REPRESENTATIONS AND WARRANTIES	  	 	72	  
				
		 	§6.1	  	Corporate Authority, Etc	  	 	72	  
				
		 	§6.2	  	Governmental Approvals	  	 	73	  
				
		 	§6.3	  	Title to Properties	  	 	73	  
				
		 	§6.4	  	Financial Statements	  	 	74	  
				
		 	§6.5	  	No Material Changes	  	 	74	  
				
		 	§6.6	  	Franchises, Patents, Copyrights, Etc	  	 	74	  
				
		 	§6.7	  	Litigation	  	 	74	  
				
		 	§6.8	  	No Material Adverse Contracts, Etc	  	 	75	  
				
		 	§6.9	  	Compliance with Other Instruments, Laws, Etc	  	 	75	  
				
		 	§6.10	  	Tax Status	  	 	75	  
				
		 	§6.11	  	No Event of Default	  	 	75	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

 

									
	 	 	 	  	 	  	Page	 
				
		 	§6.12	  	Investment Company Act	  	 	76	  
				
		 	§6.13	  	Absence of UCC Financing Statements, Etc	  	 	76	  
				
		 	§6.14	  	[Intentionally Omitted.]	  	 	76	  
				
		 	§6.15	  	Certain Transactions	  	 	76	  
				
		 	§6.16	  	Employee Benefit Plans	  	 	76	  
				
		 	§6.17	  	Disclosure	  	 	77	  
				
		 	§6.18	  	Trade Name; Place of Business	  	 	77	  
				
		 	§6.19	  	Regulations T, U and X	  	 	77	  
				
		 	§6.20	  	Environmental Compliance	  	 	78	  
				
		 	§6.21	  	Subsidiaries; Organizational Structure	  	 	80	  
				
		 	§6.22	  	Leases	  	 	80	  
				
		 	§6.23	  	Property	  	 	80	  
				
		 	§6.24	  	Brokers	  	 	82	  
				
		 	§6.25	  	Other Debt	  	 	82	  
				
		 	§6.26	  	Solvency	  	 	82	  
				
		 	§6.27	  	No Bankruptcy Filing	  	 	82	  
				
		 	§6.28	  	No Fraudulent Intent	  	 	82	  
				
		 	§6.29	  	Transaction in Best Interests of the Borrower; Consideration	  	 	83	  
				
		 	§6.30	  	OFAC	  	 	83	  
				
		 	§6.31	  	Ground Lease	  	 	83	  
				
		 	§6.32	  	Power and Service Revenues	  	 	84	  
				
		 	§6.33	  	[Intentionally Omitted.]	  	 	85	  
				
		 	§6.34	  	Service Guarantees	  	 	85	  
			
	§7.	 	AFFIRMATIVE COVENANTS	  	 	85	  
				
		 	§7.1	  	Punctual Payment	  	 	85	  
				
		 	§7.2	  	Maintenance of Office	  	 	86	  
				
		 	§7.3	  	Records and Accounts	  	 	86	  
				
		 	§7.4	  	Financial Statements, Certificates and Information	  	 	86	  
				
		 	§7.5	  	Notices	  	 	89	  
				
		 	§7.6	  	Existence; Maintenance of Properties	  	 	90	  

  
 iii

 TABLE OF CONTENTS 

(continued) 
  

 

									
	 	 	 	  	 	  	Page	 
				
		 	§7.7	  	Insurance	  	 	91	  
				
		 	§7.8	  	Taxes	  	 	91	  
				
		 	§7.9	  	Inspection of Properties and Books	  	 	92	  
				
		 	§7.10	  	Compliance with Laws, Contracts, Licenses, and Permits	  	 	92	  
				
		 	§7.11	  	Further Assurances	  	 	92	  
				
		 	§7.12	  	[Intentionally Omitted.]	  	 	93	  
				
		 	§7.13	  	Leases of the Property	  	 	93	  
				
		 	§7.14	  	Business Operations	  	 	94	  
				
		 	§7.15	  	[Intentionally Omitted.]	  	 	94	  
				
		 	§7.16	  	Ownership of Real Estate	  	 	94	  
				
		 	§7.17	  	Distributions of Income to Parent Company	  	 	94	  
				
		 	§7.18	  	Unencumbered Asset Pool Properties	  	 	95	  
				
		 	§7.19	  	Plan Assets	  	 	97	  
				
		 	§7.20	  	Limiting Agreements	  	 	97	  
				
		 	§7.21	  	[Intentionally Omitted.]	  	 	97	  
				
		 	§7.22	  	Power Generators	  	 	97	  
				
		 	§7.23	  	Material Agreements and Management Agreements	  	 	97	  
				
		 	§7.24	  	[Intentionally Omitted.]	  	 	98	  
				
		 	§7.25	  	[Intentionally Omitted.]	  	 	98	  
				
		 	§7.26	  	Creation of REIT	  	 	98	  
			
	§8.	 	NEGATIVE COVENANTS	  	 	98	  
				
		 	§8.1	  	Restrictions on Indebtedness	  	 	98	  
				
		 	§8.2	  	Restrictions on Liens, Etc	  	 	100	  
				
		 	§8.3	  	Restrictions on Investments	  	 	102	  
				
		 	§8.4	  	Merger, Consolidation	  	 	103	  
				
		 	§8.5	  	Sale and Leaseback	  	 	104	  
				
		 	§8.6	  	Compliance with Environmental Laws	  	 	104	  
				
		 	§8.7	  	Distributions	  	 	105	  
				
		 	§8.8	  	Asset Sales	  	 	107	  
				
		 	§8.9	  	Cross-Collateralization	  	 	107	  

  
 iv 

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(continued) 
  

 

									
	 	 	 	  	 	  	Page	 
				
		 	§8.10	  	Restriction on Prepayment of Indebtedness	  	 	107	  
				
		 	§8.11	  	Zoning and Contract Changes and Compliance	  	 	107	  
				
		 	§8.12	  	Derivatives Contracts	  	 	108	  
				
		 	§8.13	  	Transactions with Affiliates	  	 	108	  
				
		 	§8.14	  	Equity Pledges	  	 	108	  
				
		 	§8.15	  	Management Fees	  	 	108	  
				
		 	§8.16	  	Equipment Loan Documents	  	 	108	  
				
		 	§8.17	  	Leasing Activities	  	 	109	  
				
		 	§8.18	  	Tax Driven Lease Transactions	  	 	109	  
				
		 	§8.19	  	Subordinate Debt	  	 	109	  
				
		 	§8.20	  	[Intentionally Omitted.]	  	 	110	  
				
		 	§8.21	  	[Intentionally Omitted.]	  	 	110	  
			
	§9.	 	FINANCIAL COVENANTS	  	 	110	  
				
		 	§9.1	  	Unencumbered Asset Pool	  	 	110	  
				
		 	§9.2	  	[Intentionally Omitted.]	  	 	110	  
				
		 	§9.3	  	Adjusted Consolidated EBITDA to Consolidated Fixed Charges	  	 	110	  
				
		 	§9.4	  	Consolidated Total Indebtedness to Gross Asset Value	  	 	110	  
				
		 	§9.5	  	Minimum Consolidated Tangible Net Worth	  	 	110	  
				
		 	§9.6	  	Maximum Unhedged Variable Rate Debt	  	 	111	  
			
	§10.	 	CLOSING CONDITIONS	  	 	111	  
				
		 	§10.1	  	Loan Documents	  	 	111	  
				
		 	§10.2	  	Certified Copies of Organizational Documents	  	 	111	  
				
		 	§10.3	  	Resolutions	  	 	111	  
				
		 	§10.4	  	Incumbency Certificate; Authorized Signers	  	 	111	  
				
		 	§10.5	  	Opinion of Counsel	  	 	111	  
				
		 	§10.6	  	Payment of Fees	  	 	111	  
				
		 	§10.7	  	[Intentionally Omitted.]	  	 	111	  
				
		 	§10.8	  	Performance; No Default	  	 	112	  
				
		 	§10.9	  	Representations and Warranties	  	 	112	  
				
		 	§10.10	  	Proceedings and Documents	  	 	112	  

  
 v 

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(continued) 
  

 

									
	 	 	 	  	 	  	Page	 
				
		 	§10.11	  	Eligible Real Estate Qualification Documents	  	 	112	  
				
		 	§10.12	  	Compliance Certificate	  	 	112	  
				
		 	§10.13	  	[Intentionally Omitted.]	  	 	112	  
				
		 	§10.14	  	Consents	  	 	112	  
				
		 	§10.15	  	Contribution Agreement	  	 	112	  
				
		 	§10.16	  	Equipment Intercreditor Agreement	  	 	112	  
				
		 	§10.17	  	QTLP Subordination and Standstill Agreement	  	 	113	  
				
		 	§10.18	  	[Intentionally Omitted.]	  	 	113	  
				
		 	§10.19	  	Bond Subordination and Standstill Agreement	  	 	113	  
				
		 	§10.20	  	[Intentionally Omitted.]	  	 	113	  
				
		 	§10.21	  	Other	  	 	113	  
			
	§11.	 	CONDITIONS TO ALL BORROWINGS	  	 	113	  
				
		 	§11.1	  	Prior Conditions Satisfied	  	 	113	  
				
		 	§11.2	  	Representations True; No Default	  	 	113	  
				
		 	§11.3	  	Borrowing Documents	  	 	113	  
			
	§12.	 	EVENTS OF DEFAULT; ACCELERATION; ETC	  	 	113	  
				
		 	§12.1	  	Events of Default and Acceleration	  	 	113	  
				
		 	§12.2	  	Certain Cure Periods; Limitation of Cure Periods	  	 	117	  
				
		 	§12.3	  	Termination of Commitments	  	 	118	  
				
		 	§12.4	  	Remedies	  	 	118	  
				
		 	§12.5	  	Distribution of Proceeds	  	 	119	  
			
	§13.	 	SETOFF	  	 	119	  
			
	§14.	 	THE AGENT	  	 	120	  
				
		 	§14.1	  	Authorization	  	 	120	  
				
		 	§14.2	  	Employees and Agents	  	 	120	  
				
		 	§14.3	  	No Liability	  	 	121	  
				
		 	§14.4	  	No Representations	  	 	121	  
				
		 	§14.5	  	Payments	  	 	122	  
				
		 	§14.6	  	Holders of Notes	  	 	122	  
				
		 	§14.7	  	Indemnity	  	 	122	  

  
 vi 

 TABLE OF CONTENTS 

(continued) 
  

 

									
	 	 	 	  	 	  	Page	 
				
		 	§14.8	  	Agent as Lender	  	 	123	  
				
		 	§14.9	  	Resignation	  	 	123	  
				
		 	§14.10	  	Duties in the Case of Enforcement	  	 	123	  
				
		 	§14.11	  	Bankruptcy	  	 	124	  
				
		 	§14.12	  	[Intentionally Omitted.]	  	 	124	  
				
		 	§14.13	  	Reliance by Agent	  	 	124	  
				
		 	§14.14	  	Approvals	  	 	124	  
				
		 	§14.15	  	Borrower Not Beneficiary	  	 	126	  
				
		 	§14.16	  	Equipment Intercreditor Agreement	  	 	126	  
				
		 	§14.17	  	Subordination and Standstill Agreements	  	 	126	  
				
		 	§14.18	  	Reliance on Hedge Provider	  	 	126	  
			
	§15.	 	EXPENSES	  	 	127	  
			
	§16.	 	INDEMNIFICATION	  	 	128	  
			
	§17.	 	SURVIVAL OF COVENANTS, ETC	  	 	128	  
			
	§18.	 	ASSIGNMENT AND PARTICIPATION	  	 	129	  
				
		 	§18.1	  	Conditions to Assignment by Lenders	  	 	129	  
				
		 	§18.2	  	Register	  	 	130	  
				
		 	§18.3	  	New Notes	  	 	130	  
				
		 	§18.4	  	Participations	  	 	131	  
				
		 	§18.5	  	Pledge by Lender	  	 	131	  
				
		 	§18.6	  	No Assignment by the Borrower or the Guarantors	  	 	132	  
				
		 	§18.7	  	Disclosure	  	 	132	  
				
		 	§18.8	  	Amendments to Loan Documents	  	 	133	  
				
		 	§18.9	  	Mandatory Assignment	  	 	133	  
				
		 	§18.10	  	Titled Agents	  	 	133	  
			
	§19.	 	NOTICES	  	 	134	  
			
	§20.	 	RELATIONSHIP	  	 	135	  
			
	§21.	 	GOVERNING LAW; CONSENT TO JURISDICTION AND SERVICE	  	 	136	  
			
	§22.	 	HEADINGS	  	 	136	  
			
	§23.	 	COUNTERPARTS	  	 	136	  

  
 vii

 TABLE OF CONTENTS 

(continued) 
  

 

									
	 	 	 	  	 	  	Page	 
			
	§24.	 	ENTIRE AGREEMENT, ETC	  	 	137	  
			
	§25.	 	WAIVER OF JURY TRIAL AND CERTAIN DAMAGE CLAIMS	  	 	137	  
			
	§26.	 	DEALINGS WITH THE BORROWER AND THE GUARANTORS	  	 	137	  
			
	§27.	 	CONSENTS, AMENDMENTS, WAIVERS, ETC	  	 	138	  
			
	§28.	 	SEVERABILITY	  	 	139	  
			
	§29.	 	TIME OF THE ESSENCE	  	 	139	  
			
	§30.	 	NO UNWRITTEN AGREEMENTS	  	 	139	  
			
	§31.	 	REPLACEMENT NOTES	  	 	139	  
			
	§32.	 	NO THIRD PARTIES BENEFITED	  	 	139	  
			
	§33.	 	PATRIOT ACT	  	 	140	  
			
	§34.	 	[Intentionally Omitted.]	  	 	140	  
			
	§35.	 	JOINT AND SEVERAL LIABILITY	  	 	140	  

  
 viii

 EXHIBITS AND SCHEDULES 

 

			
	Exhibit A-1	  	FORM OF REVOLVING CREDIT NOTE
		
	Exhibit A-2	  	FORM OF SWING LOAN NOTE
		
	Exhibit A-3	  	FORM OF TERM LOAN NOTE
		
	Exhibit B	  	[INTENTIONALLY OMITTED]
		
	Exhibit C	  	[INTENTIONALLY OMITTED]
		
	Exhibit D	  	FORM OF MASTER SPACE AGREEMENT
		
	Exhibit E-1	  	[INTENTIONALLY OMITTED]
		
	Exhibit E-2	  	FORM OF GUARANTOR JOINDER AGREEMENT
		
	Exhibit F	  	[INTENTIONALLY OMITTED]
		
	Exhibit G	  	FORM OF REQUEST FOR LOAN
		
	Exhibit H	  	FORM OF LETTER OF CREDIT REQUEST
		
	Exhibit I	  	FORM OF BORROWING BASE CERTIFICATE
		
	Exhibit J	  	FORM OF COMPLIANCE CERTIFICATE
		
	Exhibit K	  	FORM OF ASSIGNMENT AND ACCEPTANCE AGREEMENT
		
	Exhibit L	  	FORM OF CREDIT APPLICATION
		
	Schedule 1.1	  	LENDERS AND COMMITMENTS
		
	Schedule 1.2	  	REAL ESTATE QUALIFICATION DOCUMENTS
		
	Schedule 1.3	  	DISCLOSED COMPETITOR
		
	Schedule 1.4	  	REQUIRED CONSENTS
		
	Schedule 1.5	  	INITIAL SUBSIDIARY GUARANTORS
		
	Schedule 1.6	  	INITIAL UNENCUMBERED ASSET POOL PROPERTIES
		
	Schedule 2.10	  	EXISTING LETTERS OF CREDIT
		
	Schedule 6.3	  	LIST OF ALL ENCUMBRANCES ON ASSETS
		
	Schedule 6.5	  	NO MATERIAL CHANGES

  
 ix 

			
	Schedule 6.7	  	PENDING LITIGATION
		
	Schedule 6.15	  	CERTAIN TRANSACTIONS
		
	Schedule 6.18	  	TRADENAMES
		
	Schedule 6.20(c)	  	ENVIRONMENTAL COMPLIANCE
		
	Schedule 6.20(d)	  	REQUIRED ENVIRONMENTAL ACTIONS
		
	Schedule 6.21(a)	  	PARENT COMPANY SUBSIDIARIES
		
	Schedule 6.21(b)	  	UNCONSOLIDATED AFFILIATES OF PARENT COMPANY AND ITS SUBSIDIARIES
		
	Schedule 6.22	  	EXCEPTIONS TO RENT ROLL
		
	Schedule 6.23	  	MANAGEMENT AGREEMENTS; MATERIAL AGREEMENTS
		
	Schedule 6.25	  	MATERIAL LOAN AGREEMENTS
		
	Schedule 6.35	  	SERVICE GUARANTEES
		
	Schedule 7.26	  	POST-IPO STRUCTURE

  
 xEX-10.31

 Exhibit 10.31 
 EXECUTION VERSION 
 CREDIT AGREEMENT 

DATED AS OF DECEMBER 21, 2012 
 BY AND AMONG 
 QUALITY INVESTMENT PROPERTIES RICHMOND, LLC, 

AS A BORROWER, 

QUALITY TECHNOLOGY SERVICES RICHMOND II, LLC, 
 AS A GUARANTOR, 
 AND 

QUALITYTECH, LP, 

AS A GUARANTOR, 

AND 
 REGIONS
BANK, 
 THE OTHER LENDERS WHICH ARE PARTIES TO THIS AGREEMENT 

AND 
 OTHER
LENDERS THAT MAY BECOME 
 PARTIES TO THIS AGREEMENT, 
 REGIONS BANK, 
 AS ADMINISTRATIVE AGENT, 

BANK OF AMERICA, N.A., 
 AS SYNDICATION AGENT 
 AND 

REGIONS CAPITAL MARKETS, 
 AND 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

AS JOINT LEAD ARRANGERS AND JOINT BOOK MANAGERS 

 TABLE OF CONTENTS 

 

									
	 §1.
	 	 DEFINITIONS AND RULES OF INTERPRETATION.
	  	 	1	  
		 	 §1.1
	 	 Definitions
	  	 	1	  
		 	 §1.2
	 	 Rules of Interpretation
	  	 	33	  
			
	 §2.
	 	 THE CREDIT FACILITY.
	  	 	35	  
		 	 §2.1
	 	 Revolving Credit Loans
	  	 	35	  
		 	 §2.2
	 	 [Intentionally Omitted]
	  	 	36	  
		 	 §2.3
	 	 Facility Unused Fee
	  	 	36	  
		 	 §2.4
	 	 Termination of the Revolving Credit Commitments
	  	 	36	  
		 	 §2.5
	 	 [Intentionally Omitted]
	  	 	36	  
		 	 §2.6
	 	 Interest on Loans
	  	 	36	  
		 	 §2.7
	 	 Requests for Revolving Credit Loans
	  	 	37	  
		 	 §2.8
	 	 Funds for Loans
	  	 	37	  
		 	 §2.9
	 	 Use of Proceeds
	  	 	38	  
		 	 §2.10
	 	 [Intentionally Omitted]
	  	 	38	  
		 	 §2.11
	 	 Increase in Total Commitment
	  	 	38	  
		 	 §2.12
	 	 [Intentionally Omitted]
	  	 	41	  
		 	 §2.13
	 	 Termination of Agreement
	  	 	41	  
		 	 §2.14
	 	 Defaulting Lenders
	  	 	41	  
		 	 §2.15
	 	 Extension of the Maturity Date
	  	 	43	  
			
	 §3.
	 	 REPAYMENT OF THE LOANS.
	  	 	44	  
		 	 §3.1
	 	 Stated Maturity
	  	 	44	  
		 	 §3.2
	 	 Mandatory Prepayments
	  	 	44	  
		 	 §3.3
	 	 Optional Prepayments
	  	 	45	  
		 	 §3.4
	 	 Application of Prepayments
	  	 	45	  
		 	 §3.5
	 	 [Intentionally Omitted]
	  	 	45	  
		 	 §3.6
	 	 Effect of Prepayments
	  	 	45	  
			
	 §4.
	 	 CERTAIN GENERAL PROVISIONS.
	  	 	45	  
		 	 §4.1
	 	 Conversion Options
	  	 	45	  
		 	 §4.2
	 	 Fees
	  	 	46	  
		 	 §4.3
	 	 Agent Fee
	  	 	46	  
		 	 §4.4
	 	 Funds for Payments
	  	 	46	  
		 	 §4.5
	 	 Computations
	  	 	48	  
		 	 §4.6
	 	 Suspension of LIBOR Rate Loans
	  	 	48	  
		 	 §4.7
	 	 Illegality
	  	 	48	  
		 	 §4.8
	 	 Additional Interest
	  	 	49	  
		 	 §4.9
	 	 Additional Costs, Etc
	  	 	49	  
		 	 §4.10
	 	 Capital Adequacy
	  	 	50	  
		 	 §4.11
	 	 Breakage Costs
	  	 	51	  
		 	 §4.12
	 	 Default Interest
	  	 	51	  
		 	 §4.13
	 	 Certificate
	  	 	51	  
		 	 §4.14
	 	 Limitation on Interest
	  	 	51	  
		 	 §4.15
	 	 Certain Provisions Relating to Increased Costs and Non-Funding Lenders
	  	 	52	  

  
 i 

									
			
	 §5.
	 	 COLLATERAL SECURITY; GUARANTY.
	  	 	53	  
		 	 §5.1
	 	 Collateral
	  	 	53	  
		 	 §5.2
	 	 Appraisals; Appraised Value
	  	 	53	  
		 	 §5.3
	 	 Addition of Mortgaged Properties
	  	 	54	  
		 	 §5.4
	 	 Release of Mortgaged Property
	  	 	55	  
		 	 §5.5
	 	 Additional Subsidiary Borrowers and Guarantors
	  	 	56	  
		 	 §5.6
	 	 Release of Certain Borrowers and Guarantors
	  	 	57	  
		 	 §5.7
	 	 Release of Collateral
	  	 	57	  
			
	 §6.
	 	 REPRESENTATIONS AND WARRANTIES.
	  	 	57	  
		 	 §6.1
	 	 Corporate Authority, Etc
	  	 	57	  
		 	 §6.2
	 	 Governmental Approvals
	  	 	58	  
		 	 §6.3
	 	 Title to Properties
	  	 	58	  
		 	 §6.4
	 	 Financial Statements
	  	 	59	  
		 	 §6.5
	 	 No Material Changes
	  	 	59	  
		 	 §6.6
	 	 Franchises, Patents, Copyrights, Etc
	  	 	59	  
		 	 §6.7
	 	 Litigation
	  	 	59	  
		 	 §6.8
	 	 No Material Adverse Contracts, Etc
	  	 	60	  
		 	 §6.9
	 	 Compliance with Other Instruments, Laws, Etc
	  	 	60	  
		 	 §6.10
	 	 Tax Status
	  	 	60	  
		 	 §6.11
	 	 No Event of Default
	  	 	61	  
		 	 §6.12
	 	 Investment Company Act
	  	 	61	  
		 	 §6.13
	 	 Absence of UCC Financing Statements, Etc
	  	 	61	  
		 	 §6.14
	 	 Setoff, Etc
	  	 	61	  
		 	 §6.15
	 	 Certain Transactions
	  	 	61	  
		 	 §6.16
	 	 Employee Benefit Plans
	  	 	61	  
		 	 §6.17
	 	 Disclosure
	  	 	62	  
		 	 §6.18
	 	 Trade Name; Place of Business
	  	 	62	  
		 	 §6.19
	 	 Regulations T, U and X
	  	 	62	  
		 	 §6.20
	 	 Environmental Compliance
	  	 	63	  
		 	 §6.21
	 	 Subsidiaries; Organizational Structure
	  	 	65	  
		 	 §6.22
	 	 Leases
	  	 	65	  
		 	 §6.23
	 	 Property
	  	 	65	  
		 	 §6.24
	 	 Brokers
	  	 	67	  
		 	 §6.25
	 	 Other Debt
	  	 	67	  
		 	 §6.26
	 	 Solvency
	  	 	67	  
		 	 §6.27
	 	 No Bankruptcy Filing
	  	 	67	  
		 	 §6.28
	 	 No Fraudulent Intent
	  	 	67	  
		 	 §6.29
	 	 Transaction in Best Interests of Borrowers; Consideration
	  	 	67	  
		 	 §6.30
	 	 OFAC
	  	 	68	  
		 	 §6.31
	 	 [Intentionally Omitted].
	  	 	68	  
		 	 §6.32
	 	 Power and Service Revenues
	  	 	68	  
		 	 §6.33
	 	 [Intentionally Omitted].
	  	 	68	  
		 	 §6.34
	 	 Service Guarantees
	  	 	68	  
			
	 §7.
	 	 AFFIRMATIVE COVENANTS.
	  	 	68	  
		 	 §7.1
	 	 Punctual Payment
	  	 	68	  

  
 ii 

									
		 	 §7.2
	 	 Maintenance of Office
	  	 	68	  
		 	 §7.3
	 	 Records and Accounts
	  	 	69	  
		 	 §7.4
	 	 Financial Statements, Certificates and Information
	  	 	69	  
		 	 §7.5
	 	 Notices
	  	 	71	  
		 	 §7.6
	 	 Existence; Maintenance of Properties
	  	 	73	  
		 	 §7.7
	 	 Insurance; Condemnation
	  	 	74	  
		 	 §7.8
	 	 Taxes
	  	 	79	  
		 	 §7.9
	 	 Inspection of Properties and Books
	  	 	79	  
		 	 §7.10
	 	 Compliance with Laws, Contracts, Licenses, and Permits
	  	 	79	  
		 	 §7.11
	 	 Further Assurances
	  	 	80	  
		 	 §7.12
	 	 Title Insurance.
	  	 	80	  
		 	 §7.13
	 	 Leases of the Property
	  	 	80	  
		 	 §7.14
	 	 Business Operations
	  	 	81	  
		 	 §7.15
	 	 Registered Servicemark
	  	 	82	  
		 	 §7.16
	 	 Ownership of Real Estate
	  	 	82	  
		 	 §7.17
	 	 Distributions of Income to Parent Company
	  	 	82	  
		 	 §7.18
	 	 [Intentionally Omitted]
	  	 	82	  
		 	 §7.19
	 	 Plan Assets
	  	 	82	  
		 	 §7.20
	 	 [Intentionally Omitted]
	  	 	82	  
		 	 §7.21
	 	 Single Purpose Entity Requirements
	  	 	82	  
		 	 §7.22
	 	 Power Generators
	  	 	87	  
		 	 §7.23
	 	 Material Agreements and Management Agreements
	  	 	87	  
		 	 §7.24
	 	 [Intentionally Omitted]
	  	 	88	  
		 	 §7.25
	 	 Property Condition Report
	  	 	88	  
		 	 §7.26
	 	 Creation of REIT
	  	 	88	  
			
	 §8.
	 	 NEGATIVE COVENANTS.
	  	 	89	  
		 	 §8.1
	 	 Restrictions on Indebtedness
	  	 	89	  
		 	 §8.2
	 	 Restrictions on Liens, Etc
	  	 	90	  
		 	 §8.3
	 	 Restrictions on Investments
	  	 	92	  
		 	 §8.4
	 	 Merger, Consolidation
	  	 	93	  
		 	 §8.5
	 	 Sale and Leaseback
	  	 	94	  
		 	 §8.6
	 	 Compliance with Environmental Laws
	  	 	94	  
		 	 §8.7
	 	 Distributions
	  	 	96	  
		 	 §8.8
	 	 Asset Sales
	  	 	97	  
		 	 §8.9
	 	 Cross Collateralization
	  	 	97	  
		 	 §8.10
	 	 Restriction on Prepayment of Indebtedness
	  	 	97	  
		 	 §8.11
	 	 Zoning and Contract Changes and Compliance
	  	 	97	  
		 	 §8.12
	 	 Derivatives Contracts
	  	 	98	  
		 	 §8.13
	 	 Transactions with Affiliates
	  	 	98	  
		 	 §8.14
	 	 Equity Pledges
	  	 	98	  
		 	 §8.15
	 	 Management Fees
	  	 	98	  
		 	 §8.16
	 	 [Intentionally Omitted]
	  	 	98	  
		 	 §8.17
	 	 [Intentionally Omitted]
	  	 	98	  
		 	 §8.18
	 	 [Intentionally Omitted]
	  	 	98	  
		 	 §8.19
	 	 Subordinate Debt
	  	 	98	  
		 	 §8.20
	 	 Liens
	  	 	99	  
		 	 §8.21
	 	 Management Agreements
	  	 	99	  

  
 iii

									
			
	 §9.
	 	 FINANCIAL COVENANTS.
	  	 	99	  
		 	 §9.1
	 	 Borrowing Base
	  	 	99	  
		 	 §9.2
	 	 Minimum Borrowers Debt Yield
	  	 	100	  
		 	 §9.3
	 	 Minimum Borrowing Base Debt Service Coverage Ratio
	  	 	100	  
		 	 §9.4
	 	 Consolidated Total Indebtedness to Gross Asset Value
	  	 	100	  
		 	 §9.5
	 	 Adjusted Consolidated EBITDA to Consolidated Fixed Charges
	  	 	100	  
		 	 §9.6
	 	 Minimum Consolidated Tangible Net Worth
	  	 	101	  
		 	 §9.7
	 	 Unhedged Variable Rate Debt
	  	 	101	  
		 	 §9.8
	 	 Corporate Debt Yield
	  	 	101	  
			
	 §10.
	 	 CLOSING CONDITIONS.
	  	 	101	  
		 	 §10.1
	 	 Loan Documents
	  	 	101	  
		 	 §10.2
	 	 Certified Copies of Organizational Documents
	  	 	101	  
		 	 §10.3
	 	 Resolutions
	  	 	101	  
		 	 §10.4
	 	 Incumbency Certificate; Authorized Signers
	  	 	101	  
		 	 §10.5
	 	 Opinion of Counsel
	  	 	102	  
		 	 §10.6
	 	 Payment of Fees
	  	 	102	  
		 	 §10.7
	 	 Insurance
	  	 	102	  
		 	 §10.8
	 	 Performance; No Default
	  	 	102	  
		 	 §10.9
	 	 Representations and Warranties
	  	 	102	  
		 	 §10.10
	 	 Proceedings and Documents
	  	 	102	  
		 	 §10.11
	 	 Eligible Real Estate Qualification Documents
	  	 	102	  
		 	 §10.12
	 	 Compliance Certificate
	  	 	102	  
		 	 §10.13
	 	 Appraisals
	  	 	103	  
		 	 §10.14
	 	 Consents
	  	 	103	  
		 	 §10.15
	 	 Contribution Agreement
	  	 	103	  
		 	 §10.16
	 	 QTLP Subordination and Standstill Agreement
	  	 	103	  
		 	 §10.17
	 	 Other
	  	 	103	  
			
	 §11.
	 	 CONDITIONS TO ALL BORROWINGS.
	  	 	103	  
		 	 §11.1
	 	 Prior Conditions Satisfied
	  	 	103	  
		 	 §11.2
	 	 Representations True; No Default
	  	 	103	  
		 	 §11.3
	 	 Borrowing Documents
	  	 	103	  
		 	 §11.4
	 	 Endorsement to Title Policy
	  	 	103	  
		 	 §11.5
	 	 Future Advances Tax Payment
	  	 	104	  
			
	 §12.
	 	 EVENTS OF DEFAULT; ACCELERATION; ETC.
	  	 	104	  
		 	 §12.1
	 	 Events of Default and Acceleration
	  	 	104	  
		 	 §12.2
	 	 Certain Cure Periods; Limitation of Cure Periods
	  	 	107	  
		 	 §12.3
	 	 Termination of Commitments
	  	 	108	  
		 	 §12.4
	 	 Remedies
	  	 	108	  
		 	 §12.5
	 	 Distribution of Collateral Proceeds
	  	 	109	  

  
 iv 

									
			
	 §13.
	 	 SETOFF.
	  	 	109	  
			
	 §14.
	 	 THE AGENT.
	  	 	110	  
		 	 §14.1
	 	 Authorization
	  	 	110	  
		 	 §14.2
	 	 Employees and Agents
	  	 	110	  
		 	 §14.3
	 	 No Liability
	  	 	110	  
		 	 §14.4
	 	 No Representations
	  	 	111	  
		 	 §14.5
	 	 Payments
	  	 	111	  
		 	 §14.6
	 	 Holders of Notes
	  	 	112	  
		 	 §14.7
	 	 Indemnity
	  	 	112	  
		 	 §14.8
	 	 Agent as Lender
	  	 	112	  
		 	 §14.9
	 	 Resignation
	  	 	112	  
		 	 §14.10
	 	 Duties in the Case of Enforcement
	  	 	113	  
		 	 §14.11
	 	 Bankruptcy
	  	 	113	  
		 	 §14.12
	 	 Request for Agent Action
	  	 	114	  
		 	 §14.13
	 	 Reliance by Agent
	  	 	114	  
		 	 §14.14
	 	 Approvals
	  	 	114	  
		 	 §14.15
	 	 Borrowers Not Beneficiary
	  	 	115	  
		 	 §14.16
	 	 Intentionally Omitted].
	  	 	116	  
		 	 §14.17
	 		  	 	116	  
		 	 §14.18
	 	 .QTLP Subordination and Standstill Agreement.
	  	 	116	  
		 	 §14.19
	 	 Reliance on Hedge Provider
	  	 	116	  
			
	 §15.
	 	 EXPENSES.
	  	 	116	  
			
	 §16.
	 	 INDEMNIFICATION.
	  	 	117	  
			
	 §17.
	 	 SURVIVAL OF COVENANTS, ETC.
	  	 	118	  
			
	 §18.
	 	 ASSIGNMENT AND PARTICIPATION.
	  	 	118	  
		 	 §18.1
	 	 Conditions to Assignment by Lenders
	  	 	118	  
		 	 §18.2
	 	 Register
	  	 	120	  
		 	 §18.3
	 	 New Notes
	  	 	120	  
		 	 §18.4
	 	 Participations
	  	 	120	  
		 	 §18.5
	 	 Pledge by Lender
	  	 	121	  
		 	 §18.6
	 	 No Assignment by the Borrowers or the Guarantors
	  	 	121	  
		 	 §18.7
	 	 Disclosure
	  	 	121	  
		 	 §18.8
	 	 Amendments to Loan Documents
	  	 	122	  
		 	 §18.9
	 	 Mandatory Assignment
	  	 	122	  
		 	 §18.10
	 	 Titled Agents
	  	 	123	  

  
 v 

									
			
	 §19.
	 	 NOTICES.
	  	 	123	  
			
	 §20.
	 	 RELATIONSHIP.
	  	 	124	  
			
	 §21.
	 	 GOVERNING LAW; CONSENT TO JURISDICTION AND SERVICE.
	  	 	125	  
			
	 §22.
	 	 HEADINGS.
	  	 	126	  
			
	 §23.
	 	 COUNTERPARTS.
	  	 	126	  
			
	 §24.
	 	 ENTIRE AGREEMENT, ETC.
	  	 	126	  
			
	 §25.
	 	 WAIVER OF JURY TRIAL AND CERTAIN DAMAGE CLAIMS.
	  	 	126	  
			
	 §26.
	 	 DEALINGS WITH THE BORROWERS AND THE GUARANTORS.
	  	 	127	  
			
	 §27.
	 	 CONSENTS, AMENDMENTS, WAIVERS, ETC.
	  	 	127	  
			
	 §28.
	 	 SEVERABILITY.
	  	 	128	  
			
	 §29.
	 	 TIME OF THE ESSENCE.
	  	 	128	  
			
	 §30.
	 	 NO UNWRITTEN AGREEMENTS.
	  	 	128	  
			
	 §31.
	 	 REPLACEMENT NOTES.
	  	 	128	  
			
	 §32.
	 	 NO THIRD PARTIES BENEFITED.
	  	 	128	  
			
	 §33.
	 	 PATRIOT ACT.
	  	 	129	  
			
	 §34.
	 	 [Intentionally Omitted].
	  	 	129	  
			
	 §35.
	 	 JOINT AND SEVERAL LIABILITY.
	  	 	129	  
			
	 §36.
	 	 ADDITIONAL AGREEMENTS CONCERNING OBLIGATIONS OF BORROWERS.
	  	 	129	  
		 	 §36.1
	 	 Attorney-in-Fact
	  	 	129	  
		 	 §36.2
	 	 Accommodation
	  	 	129	  
		 	 §36.3
	 	 Waiver of Automatic or Supplemental Stay
	  	 	130	  
		 	 §36.4
	 	 Waiver of Defenses
	  	 	130	  
		 	 §36.5
	 	 Waiver
	  	 	132	  
		 	 §36.6
	 	 Subordination
	  	 	133	  

  
 vi 

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT (this “Agreement”) is made as of the 21st day of December, 2012, by and among QUALITY INVESTMENT
PROPERTIES RICHMOND, LLC, a Delaware limited liability company (“QIPR”), the Additional Subsidiary Borrowers from time to time a party to this Agreement as “Borrowers” pursuant to §5.5, QUALITY TECHNOLOGY SERVICES RICHMOND
II, LLC, a Delaware limited liability company (“QTS Richmond TRS”), QUALITYTECH, LP, a Delaware limited partnership (“QTLP”), REGIONS BANK (“Regions”), the other lending institutions which are parties to this Agreement
as “Lenders”, and the other lending institutions that may become parties hereto pursuant to §18 (together with Regions, the “Lenders”), REGIONS, as Administrative Agent for the Lenders (the “Agent”), with REGIONS
CAPITAL MARKETS and MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as Joint Lead Arrangers and Joint Book Managers (each in such capacities, an “Arranger”). 

R E C I T A L S 
 WHEREAS, the Lenders desire to make available to the Borrowers a credit facility in the initial amount of $80,000,000 on the terms and conditions contained herein; and 

NOW, THEREFORE, in consideration of the recitals herein and mutual covenants and agreements contained herein, the parties hereto
hereby covenant and agree as follows: 
  

	§1.	DEFINITIONS AND RULES OF INTERPRETATION. 

 §1.1 Definitions. The following terms shall have the meanings set forth in this §l or elsewhere in the provisions of this Agreement referred to below: 

Additional Commitment Request Notice. See §2.11(b). 

Additional Subsidiary Borrower. Each additional Subsidiary of Parent Company which becomes a Borrower pursuant to §5.5.

 Additional Subsidiary Guarantor. Each additional Subsidiary of Parent Company which becomes a Guarantor pursuant to
§5.5. 
 Adjusted Consolidated EBITDA. On any date of determination, the Consolidated EBITDA for the prior two
(2) fiscal quarters most recently ended, multiplied by two (2). 
 Adjusted Net Operating Income. For purposes
other than determining Gross Asset Value, on any date of determination prior to June 30, 2013, the Net Operating Income for the fiscal month most recently ended, multiplied by twelve (12), and on any date of determination on or after
June 30, 2013, the Net Operating Income for the fiscal quarter most recently ended, multiplied by four (4). For purposes of determining Gross Asset Value, on any date of determination thereof, the Net Operating Income for the prior two
(2) fiscal quarters most recently ended, multiplied by two (2). 

 Affiliate. An Affiliate, as applied to any Person, shall mean any other Person
directly or indirectly controlling, controlled by, or under common control with, that Person or any Person who has a direct familial relationship by blood, marriage, or otherwise with any Borrower, any SPE Entity or any Affiliate of either of them.
For purposes of this definition, “control” (including, with correlative meanings, the terms “control”, “controlling”, “controlled by” and “under common control with”), as applied to any Person, means
(a) the possession, directly or indirectly, of the power to vote ten percent (10%) or more of the stock, shares, voting trust certificates, beneficial interest, partnership interests, member interests or other interests having voting power
for the election of directors of such Person or otherwise to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise, or (b) the ownership of
(i) a general partnership interest, (ii) a managing member’s or manager’s interest in a limited liability company or (iii) a limited partnership interest or preferred stock (or other ownership interest) representing ten
percent (10%) or more of the outstanding limited partnership interests, preferred stock or other ownership interests of such Person. 
 Agent. Regions Bank, acting as administrative agent for the Lenders, and its successors and assigns. 
 Agent’s Head Office. The Agent’s head office located at ALBH11502B, 1900 5th Avenue North, Birmingham, Alabama, 35203 or at such other location as the Agent may designate from time to time by
notice to the Borrowers and the Lenders. 
 Agent’s Special Counsel. Alston & Bird LLP or such other
counsel as selected by Agent. 
 Agreement. This Credit Agreement, including the Schedules and Exhibits
hereto. 
 Agreement Regarding Fees. See §4.2. 

Applicable Margin. On any date the Applicable Margin for LIBOR Rate Loans and Base Rate Loans shall be as set forth below based
on the ratio of the Consolidated Total Indebtedness of Parent Company and its respective Subsidiaries to the Gross Asset Value of Parent Company and its respective Subsidiaries: 

 

											
	 Pricing Level
	  	
Ratio of Consolidated Total
Indebtedness to Gross Asset

Value
	  	LIBOR Rate
Loans	 	 	Base Rate
Loans	 
				
	 Pricing Level 1
	  	Less than or equal to 40%	  	 	4.00	% 	 	 	3.00	% 
				
	 Pricing Level 2
	  	Greater than 40% but less than or equal to 50%	  	 	4.25	% 	 	 	3.25	% 
				
	 Pricing Level 3
	  	Greater than 50%	  	 	4.50	% 	 	 	3.50	% 

 The initial Applicable Margin shall be at Pricing Level 2. The Applicable Margin shall not be
adjusted based upon such ratio, if at all, until the first (1st) day of the first (1st) month following 

  
 2 

 
the delivery by Parent Company to the Agent of the Compliance Certificate after the end of a calendar quarter. In the event that Parent Company shall fail to deliver to the Agent a quarterly
Compliance Certificate on or before the date required by §7.4(c), then without limiting any other rights of the Agent and the Lenders under this Agreement, the Applicable Margin for Loans shall be at Pricing Level 3 until such failure is cured
within any applicable cure period, or waived in writing by the Required Lenders, in which event the Applicable Margin shall adjust, if necessary, on the first (1st) day of the first (1st) month following receipt of such Compliance Certificate. 

During the period from and including March 31, 2014 to but excluding December 31, 2015, the percentages at each Pricing Level set forth above
shall decrease by 0.25%. On and after December 31, 2015, the percentages at each Pricing Level set forth above shall decrease by 0.50%. 

In the event that the Agent and the Borrowers determine that any financial statements previously delivered were incorrect or inaccurate (regardless of
whether this Agreement or the Revolving Credit Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period (an “Applicable
Period”) than the Applicable Margin applied for such Applicable Period, then (i) the Borrowers shall as soon as practicable deliver to the Agent the corrected financial statements for such Applicable Period, (ii) the Applicable Margin
shall be determined as if the Pricing Level for such higher Applicable Margin were applicable for such Applicable Period, and (iii) the Borrowers shall within three (3) Business Days of demand thereof by the Agent pay to the Agent the
accrued additional amount owing as a result of such increased Applicable Margin for such Applicable Period, which payment shall be promptly applied by the Agent in accordance with this Agreement. 

Appraisal. An MAI appraisal of the value of a parcel of Real Estate, determined on an “as-is” value basis, performed by
an independent appraiser selected by the Agent who is not an employee of Parent Company or its Subsidiaries, the Agent or a Lender, the form and substance of such appraisal and the identity of the appraiser to be in compliance with the Financial
Institutions Reform, Recovery and Enforcement Act of 1989, as amended, the rules and regulations adopted pursuant thereto and all other regulatory laws and policies (both regulatory and internal) applicable to the Lenders and otherwise acceptable to
the Agent. 
 Appraised Value. The “as-is” value of a parcel of Real Estate determined by the most recent
Appraisal of such Real Estate, obtained pursuant to §5.2 or §10.13. 
 Arranger. Each of Regions Capital
Markets and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in its capacity as a “Joint Lead Arranger,” and their respective successors. 
 Assignment and Acceptance Agreement. See §18.1. 
 Assignment of
Leases and Rents. Each of the assignments of leases and rents requested by Agent from a Borrower to the Agent, as it may be modified or amended, pursuant to which there shall be assigned to the Agent for the benefit of the Lenders a security
interest in the interest of such Borrower as lessor with respect to all Leases of all or any part of each Mortgaged Property, each such assignment entered into after the date hereof to be substantially

  
 3 

 
in the form as the initial Assignment of Leases and Rents executed and delivered by QIPR in connection with this Agreement, with such changes thereto as Agent may require as a result of state law
or practice. 
 Authorized Officer. Any of the following Persons: Shirley Goza, Jay Ketterling, Bill Schafer or Chad L.
Williams and such other Persons as Borrowers’ Representative shall designate in a written notice to Agent. 
 Balance
Sheet Date. December 31, 2011. 
 Bankruptcy Code. Title 11, U.S.C.A., as amended from time to time or any
successor statute thereto. 
 Base Rate. The greatest of (a) the fluctuating annual rate of interest announced from
time to time by the Agent at the Agent’s Head Office as its “prime rate,” (b) one-half of one percent (0.5%) above the Federal Funds Effective Rate, or (c) the applicable LIBOR for a
one month interest period plus one percent (1.0%) per annum. The Base Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Any change in the rate of interest payable hereunder
resulting from a change in the Base Rate shall become effective as of the opening of business on the day on which such change in the Base Rate becomes effective, without notice or demand of any kind. 

Base Rate Loans. The Revolving Credit Base Rate Loans bearing interest calculated by reference to the Base Rate. 

Board. Means the board of directors or board of managers, as applicable, of any Borrower or SPE Entity. 

Bond. That certain Taxable Industrial Development Revenue Bond (Quality Investment Properties Atlanta Tech Centre South, L.L.C.
Project), Series 2006. 
 Borrowers. Collectively, QIPR and any Additional Subsidiary Borrower that is the direct or
indirect owner of a Mortgaged Property, and individually any of them. 
 Borrowers Debt Yield. The quotient of
(a) Adjusted Net Operating Income of the Borrowers divided by (b) the outstanding principal balance of the Loans. For the purposes of calculating Borrowers Debt Yield, when calculating Adjusted Net Operating Income for the Mortgaged
Properties not owned and operated by any Borrower for, prior to June 30, 2013, a full fiscal month, and on and after June 30, 2013, a full fiscal quarter, the Adjusted Net Operating Income attributable to such Mortgaged Property shall be
calculated in accordance with the terms and conditions of this Agreement by using the actual historical results for such Mortgaged Property for the fiscal month or fiscal quarter, as applicable, most recently ended as if the Mortgaged Property had
been owned by such Borrower during such time. 
 Borrowers’ Representative. Initially, QTLP, and thereafter the
Person or Persons who are designated in a written notice to the Agent by a majority vote of the Borrowers to act on behalf of the Borrowers as provided in §36. 

  
 4 

 Borrower Joinder Agreement. The Borrower Joinder Agreement with respect to this
Agreement, the Notes, Contribution Agreement and Indemnity Agreement to be executed and delivered pursuant to §5.5 by any Additional Subsidiary Borrower, such Borrower Joinder Agreement to be substantially in the form of Exhibit E-1
hereto. 
 Borrowing Base Availability. The Borrowing Base Availability shall be the amount which is the lowest of
(a) the Borrowing Base Value, (b) the maximum principal amount which would not cause the Borrowing Base Debt Service Coverage Ratio to be less than the Borrowing Base Debt Service Coverage Ratio specified in the table below corresponding
to the period during which the Borrowing Base Availability is being determined, and (c) the maximum principal amount which would not cause the Borrowers Debt Yield to be less than the Borrowers Debt Yield specified in the table below
corresponding to the period during which the Borrowing Base Availability is being determined: 
  

							
	 Period
	  	 Borrowing Base
Debt Service
Coverage
Ratio
	  	Borrowers Debt
Yield	 
	 Closing Date to but excluding June 30, 2013
	  	1.30 to 1.00	  	 	12.00	% 
	 June 30, 2013 to but excluding December 31, 2013
	  	1.40 to 1.00	  	 	13.00	% 
	 December 31, 2013 to but excluding March 31, 2014
	  	1.60 to 1.00	  	 	14.50	% 
	 March 31, 2014 to but excluding December 31, 2015
	  	1.750 to 1.00	  	 	16.250	% 
	 On and after December 31, 2015
	  	2.00 to 1.00	  	 	18.00	% 

 Borrowing Base Debt Service Coverage Ratio. The ratio of Adjusted Net Operating Income from the
Mortgaged Properties determined on any date prior to June 30, 2013, as of the end of the fiscal month most recently ended and, on or after June 30, 2013, as of the end of the fiscal quarter most recently ended, divided by the
Implied Debt Service. For the purposes of calculating Borrowing Base Debt Service Coverage Ratio, when calculating Adjusted Net Operating Income for the Mortgaged Properties not owned and operated by any Borrower for, prior to June 30, 2013, a
full fiscal month, and on and after June 30, 2013, a full fiscal quarter, the Adjusted Net Operating Income attributable to such Mortgaged Property shall be calculated in accordance with the terms and conditions of this Agreement by using the
actual historical results for such Mortgaged Property for the fiscal month or fiscal quarter, as applicable, most recently ended as if the Mortgaged Property had been owned by such Borrower during such time. 

Borrowing Base Value. The Borrowing Base Value for Eligible Real Estate owned by Borrowers included in the Mortgaged Property
shall be the amount which is (a) fifty-five percent (55%) of the sum of the Appraised Values of each Mortgaged Property (other than the Richmond Property), as most recently determined under §5.2, plus (b) in respect of the
Richmond Property, (i) prior to any Appraisal of the Richmond Property obtained after the Closing Date, fifty-five (55%) of the sum of (A) the “Upon Completion” value for Building 1 at

  
 5 

 
the Richmond Property plus (B) the Appraised Value of the remaining buildings and excess land, in the case of clauses (A) and (B), as determined under §10.13 or
(ii) upon obtaining an Appraisal of the Richmond Property under §2.15 or §5.2 at any time after the Closing Date, 55% of the Appraised Value of the Richmond Property as determined thereunder. 

Breakage Costs. The cost to any Lender of re-employing funds bearing interest at LIBOR incurred (or reasonably expected to be
incurred) in connection with (i) any payment of any portion of the Loans bearing interest at LIBOR prior to the termination of any applicable Interest Period, (ii) the conversion of a LIBOR Rate Loan to any other applicable interest rate
on a date other than the last day of the relevant Interest Period, or (iii) the failure of a Borrower to draw down, on the first day of the applicable Interest Period, any amount as to which such Borrower has elected a LIBOR Rate Loan. The
maximum Breakage Cost will not exceed the positive difference between the existing LIBOR rate for the LIBOR Rate Loan being paid, converted or failed to be drawn down, if higher, and the then current LIBOR rate for LIBOR Rate Loans on such date for
a similar Interest Period multiplied by the amount being repaid times the number of days remaining in the existing LIBOR rate divided by 365. 
 Building. With respect to each Mortgaged Property or parcel of Real Estate, all of the buildings, structures and improvements now or hereafter located thereon. 

Business Day. Any day on which banking institutions located in the same city and State as the Agent’s Head Office are
located are open for the transaction of banking business and, in the case of LIBOR Rate Loans, which also is a LIBOR Business Day. 
 Capitalization Rate. Ten percent (10.00%). 
 Capitalized Lease. A
lease under which the discounted future rental payment obligations of the lessee or the obligor are required to be capitalized on the balance sheet of such Person in accordance with GAAP. 

Cash Equivalents. As of any date, (i) securities issued or directly and fully guaranteed or insured by the United States
government or any agency or instrumentality thereof having maturities of not more than one year from such date, (ii) time deposits and certificates of deposits having maturities of not more than one year from such date and issued by any
domestic commercial bank having, (A) senior long term unsecured debt rated at least A- or the equivalent thereof by S&P or A3 or the equivalent thereof by Moody’s and (B) capital and surplus
in excess of $100,000,000.00; (iii) commercial paper rated at least A-1 or the equivalent thereof by S&P or P-1 or the equivalent thereof by Moody’s and in either case maturing within one hundred twenty (120) days from such date,
and (iv) shares of any money market mutual fund rated at least AAA or the equivalent thereof by S&P or at least AAA or the equivalent thereof by Moody’s. 
 CERCLA. The federal Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended from time to time, and regulations promulgated thereunder. 

  
 6 

 Change of Control. A Change of Control shall exist upon the occurrence of any of the
following: 
 (a) Following the occurrence of the IPO Event, any Person (including a Person’s Affiliates and associates)
or group (as that term is understood under Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the rules and regulations thereunder), other than Chad L. Williams, General Atlantic, their
respective controlled Affiliates, and Permitted Transferees, shall have acquired beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of a percentage (based on voting power, in the event different classes of stock or voting
interests shall have different voting powers) of the voting stock or voting interests of REIT equal to at least thirty percent (30.0%); or 
 (b) Following the occurrence of the IPO Event, as of any date a majority of the Board of Directors or Trustees or similar body (the “REIT Board”) of REIT consists of individuals who were not
either (i) directors or trustees of REIT as of the corresponding date of the previous year, or (ii) selected or nominated to become directors or trustees by the REIT Board, a majority of which consisted of individuals described in clause
(b)(i) above, or (iii) selected or nominated to become directors or trustees by the REIT Board a majority of which consisted of individuals described in clause (b)(i) above and individuals described in clause (b)(ii) above (excluding, in the
case of both clause (ii) and (iii) above, any individual whose initial nomination for, or assumption of office as, a member of the REIT Board occurs as a result of an actual or threatened solicitation of proxies or consents for the
election or removal of one or more directors or trustees by any Person or group other than a solicitation for the election of one or more directors or trustees by or on behalf of the REIT Board); or 

(c) Following the occurrence of the IPO Event, REIT shall fail to be the sole general partner of QTLP, shall fail to own such general
partnership interest in QTLP free of any Lien (other than Liens permitted by §8.2(i)), or shall fail to control the management and policies of QTLP; or 
 (d) Following the occurrence of the IPO Event, the financial results of QTLP and its Subsidiaries shall fail to be Consolidated with the accounts of REIT; or 

(e) Any Borrower or Guarantor consolidates with, is acquired by, or merges into or with any Person (other than as permitted by
§8.4); or 
 (f) Until the occurrence of the IPO Event, except as permitted below in this definition, Chad L. Williams or
his majority owned and controlled Affiliates or a Permitted Transferee of the type described in clause (iii) of the definition thereof of which Chad L. Williams unilaterally controls all voting interests and rights to direct the management and
policies of such trust, partnership or other entity, fail to own in the aggregate, directly or indirectly, at least eighty percent (80.0%) of the economic, voting and beneficial interests in General Partner, or shall fail to own such interests
free of any Lien (other than Liens of the type permitted by §8.2(i)); or 
 (g) Until the occurrence of the IPO Event,
except as permitted below in this definition, Chad L. Williams, a Permitted Transferee of the type described in clause (iii) of the definition thereof of which Chad L. Williams unilaterally controls all voting interests and rights to direct the
management and policies of such trust, partnership or other entity, General Atlantic or their respective majority owned and controlled Affiliates fail to own, directly or indirectly, at 

  
 7 

 
least twenty-one percent (21.0%) and fifty-one percent (51.0%), respectively, of the economic, voting and beneficial interests as limited partners in QTLP, or in either case shall fail to
own such interests free of any Lien (other than Liens of the type permitted by §8.2(i)); or 
 (h) Until the occurrence of
the IPO Event, General Partner shall fail to be the sole general partner of QTLP, shall fail to own such general partner interest in QTLP free of any Lien (other than Liens of the type permitted by §8.2(i)), or shall fail to control the
management and policies of QTLP; or 
 (i) QTLP fails to own directly or indirectly, free of any Lien (other than Liens
permitted by §8.2(i)), at least one hundred percent (100%) of the economic, voting and beneficial interest of each Borrower, QTS Richmond TRS and each Additional Subsidiary Guarantor; or 

(j) Any of Chad L. Williams or Bill Schafer shall cease to be the Chairman of the Board and Chief Executive Officer, and Chief Financial
Officer, respectively, of the General Partner or upon the occurrence of the IPO Event, REIT, and a competent and experienced director or officer, as applicable, shall not be reasonably approved by the Required Lenders within three (3) months of
such event. 
 Notwithstanding anything to the contrary in paragraphs (f) or (g) of this definition of “Change of
Control”, prior to the IPO Event, a Transfer of membership interests in the General Partner or limited partnership interests in QTLP shall not be deemed to be a “Change of Control”, provided that (i) each of Chad L. Williams or a
Permitted Transferee of the type described in clause (iii) of the definition thereof of which Chad L. Williams unilaterally controls all voting interests and rights to direct the management and policies of such trust, partnership or other
entity continue to own, directly or indirectly, at least fifty-one percent (51%) of the membership interests in General Partner owned by such Person as of the Closing Date, (ii) each of Chad L. Williams (together with any Permitted
Transferee of the type described in clause (iii) of the definition thereof of which Chad L. Williams unilaterally controls all voting interests and rights to direct the management and policies of such trust, partnership or other entity), or
General Atlantic continue to own, directly or indirectly, at least fifty-one percent (51.0%) of the limited partnership interests of QTLP owned by such Person as of the Closing Date, (iii) Chad L. Williams and General Atlantic continue to
control the management and policies of QTLP and the Borrowers, (iv) QTLP continues to own directly or indirectly one hundred (100%) of any Borrower, QTS Richmond TRS and any Additional Subsidiary Guarantor (or any direct or indirect owners
of such Subsidiaries), (v) after such transfer each of the Borrowers shall maintain their status as a Single Purpose Entity, (vi) no such Transfer, individually or in the aggregate, shall result in any Person other than Chad L. Williams or
General Atlantic having a consent right, veto or other blocking rights with respect to any management, policies, decisions or actions of General Partner or QTLP, (vii) Agent shall have received evidence that any consents to such Transfer
required under the organizational agreements of QTLP and General Partners, as applicable, have been obtained, (viii) the requirements set forth in subsections (i) through (vii) above continue to be satisfied following the granting of
any pledge and/or the exercise of the pledgee’s rights (including a foreclosure or sale) under any pledge, (ix) Agent shall receive not less than fifteen (15) days’ prior notice of such proposed Transfer and confirmed no such
transferee is (or will be) a person with whom any Lender is restricted from doing business under OFAC (including those Persons named on OFAC’s Specially Designated and Blocked Persons 

  
 8 

 
list) or under any statute, executive order (including the September 24, 2001 Executive Order Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or
Support Terrorism), (x) Agent shall receive copies of the documents that will effectuate such Transfer fifteen (15) days prior to the occurrence thereof, and (xi) no Default or Event of Default shall have occurred and be continuing
under this Agreement or any of the other Loan Documents or result from any such Transfer. 
 Closing Date. The first
date on which all of the conditions set forth in §10 and §11 have been satisfied. 
 Code. The Internal
Revenue Code of 1986, as amended. 
 Collateral. Except as set forth on Schedule 1.4, all of the property, rights
and interests of the Borrowers which are subject to the security interests, security title, liens and mortgages created by the Security Documents, including, without limitation, the Mortgaged Properties and the Guaranty. 

Commitment. With respect to each Lender, the Revolving Credit Commitment of such Lender. 

Commitment Increase. An increase in the Total Revolving Credit Commitment to an aggregate Total Commitment of not more than
$125,000,000 in the aggregate pursuant to §2.11. 
 Commitment Percentage. With respect to each Lender, the
percentage set forth on Schedule 1.1 hereto as such Lender’s percentage of the aggregate Commitments of all of the Lenders, as the same may be changed from time to time in accordance with the terms of this Agreement; provided that if the
Commitments of the Lenders have been terminated as provided in this Agreement, then the Commitment Percentage of each Lender shall be determined based on the Commitment Percentage of such Lender immediately prior to such termination and after giving
effect to any subsequent assignments made pursuant to the terms hereof. 
 Compliance Certificate. See §7.4(c).

 Condemnation Proceeds. All compensation, awards, damages, judgments and proceeds awarded to a Borrower by reason of
any Taking, net of all reasonable and customary amounts actually expended to collect the same. 
 Consolidated. With
reference to any term defined herein, that term as applied to the accounts of a Person and its Subsidiaries, determined on a consolidated basis in accordance with GAAP. 
 Consolidated EBITDA. With respect to any period, an amount equal to the EBITDA of Parent Company and its Subsidiaries for such period determined on a Consolidated basis. 

Consolidated Fixed Charges. For any period, the sum of (i) Consolidated Interest Expense for such period, plus (ii) all
regularly scheduled principal payments made with respect 

  
 9 

 
to Indebtedness of Parent Company and its Subsidiaries during such period, other than any balloon or bullet payments necessary to repay maturing debt in full, plus (iii) all Preferred
Distributions paid during such period. Parent Company’s pro rata share of the fixed charges (the sum of (i), (ii), and (iii) in the preceding sentence) of Unconsolidated Affiliates of Parent Company shall be included in determination of
Consolidated Fixed Charges. 
 Consolidated Interest Expense. For any period, without duplication, (a) the total
Interest Expense of Parent Company and its Subsidiaries determined on a consolidated basis, plus (b) such Person’s Equity Percentage of Interest Expense of its Unconsolidated Affiliates for such period. 

Consolidated Tangible Net Worth. The amount by which Gross Asset Value exceeds Consolidated Total Indebtedness. 

Consolidated Total Indebtedness. All Indebtedness of Parent Company and its Subsidiaries determined on a consolidated basis and
shall include (without duplication) such Person’s Equity Percentage of the Indebtedness of its Unconsolidated Affiliates. 

Contribution Agreement. That certain Contribution Agreement dated of even date herewith among QIPR, the Guarantors and each
Additional Subsidiary Borrower which may hereafter become a party thereto, as the same may be modified, amended or ratified from time to time. 
 Conversion/Continuation Request. A notice given by the Borrowers to the Agent of its election to convert or continue a Loan in accordance with §4.1. 

Corporate Credit Agreement. That certain First Amended and Restated Credit Agreement dated as of February 8, 2012, by and
among QIPM, Quality Investment Properties, Suwanee, LLC, Quality Technology Services Metro II, LLC, Quality Technology Services, Suwanee II, LLC, QTLP, the lenders from time to time party thereto, KeyBank National Association, as administrative
agent, and the other parties thereto, as amended by the First Amendment dated September 28, 2012. 
 Corporate Debt
Yield. The quotient of (a) Adjusted Consolidated EBITDA, divided by (b) Consolidated Total Indebtedness, expressed as a percentage. For the purposes of calculating Corporate Debt Yield, when calculating Adjusted Consolidated
EBITDA for Real Estate not owned and operated by Parent Company or any of its Subsidiaries for two (2) full fiscal quarters, the Adjusted Consolidated EBITDA attributable to such Real Estate shall be calculated in accordance with the terms and
conditions of this Agreement by using the actual historical results for such Real Estate for the two (2) full fiscal quarters most recently ended as if the Real Estate had been owned by Parent Company or any of its Subsidiaries during such
time. 
 Cross-Collateralize. With respect to any Person, shall mean (a) the granting of a Lien by such Person on
all or a portion of the assets of such Person to secure Indebtedness owing by such Person to a lender and the granting of a Lien by such Person on the same group of assets to secure Indebtedness owing by such Person to (i) the same lender under
a different agreement, note or other instrument or (ii) one or more other lenders, or (b) the granting of a Lien by such Person on more than one project (including its related assets) of such Person to secure

  
 10 

 
Indebtedness owing by such Person to one or more lenders under one agreement, note or other instrument or (c) the granting of a Lien by such Person on all or a portion of its assets to
secure Indebtedness owing by another Person. 
 Data Center Property. (i) Highly specialized, secure single or multi-tenant facilities used in whole or in substantial part for housing a large number of computer servers and the key infrastructure, including generators and heating, ventilation and air conditioning, or HVAC
systems, necessary to power and cool the servers and ancillary office and storage space related thereto, (ii) any facilities used in whole or in substantial part for technological purposes similar to those described in sub-part (i) above
including, without limitation, manufacturing of semi-conductors or other special purpose buildings requiring custom security or environmental controls, (iii) any office building that is part of a complex or group of buildings containing the
types of facilities described in sub-parts (i) or (ii) above, and (iv) the Real Estate of QIPR located in Sandston, Virginia commonly known as 6000 Technology Boulevard, Sandston, Virginia 23150 which shall be used in whole or in part
for the uses described in clauses (i) – (iii) above. 
 Debt Offering. The issuance and sale by Parent
Company or any of its Subsidiaries of any debt securities of such Person. 
 Debtor Relief Laws. The Bankruptcy Code of
the United States of America, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or
other applicable jurisdictions from time to time in effect. 
 Default. See §12.1. 

Default Rate. See §4.12. 
 Defaulting Lender. Subject to Section §2.14(g), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans
were required to be funded hereunder unless such Lender notifies the Agent and the Borrowers in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions
precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Agent or any other Lender any other amount required to be paid by it hereunder within two Business
Days of the date when due, (b) has notified the Borrowers or the Agent in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement
relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default,
shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Agent or the Borrowers, to confirm in writing to the Agent and the
Borrowers that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by Agent and the
Borrowers), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it a receiver, custodian,

  
 11 

 
conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit
Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender
or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement
of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Agent that a Lender is a
Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section §2.14(g)) upon delivery
of written notice of such determination to the Borrowers and each Lender. 
 Derivatives Contract. Any and all rate swap
transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or
forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap
transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to
any master agreement. Not in limitation of the foregoing, the term “Derivatives Contract” includes any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any
form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement, including any such obligations or liabilities under any such master
agreement. 
 Derivatives Termination Value. In respect of any one or more Derivatives Contracts, after taking into
account the effect of any legally enforceable netting agreement relating to such Derivatives Contracts, (a) for any date on or after the date such Derivatives Contracts have been closed out and termination value(s) determined in accordance
therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a) the amount(s) determined as the mark-to-market value(s) for such Derivatives Contracts, as determined based upon one or more mid-market
or other readily available quotations provided by any recognized dealer in such Derivatives Contracts (which may include the Agent or any Lender). 
 Development Property. Any Real Estate owned or acquired by Parent Company and its Subsidiaries and on which such Person is pursuing construction of one or more buildings for use as a Data Center
Property and for which construction is proceeding to completion without undue delay from permit denial, construction delays or otherwise, all pursuant to the ordinary course of business of Parent Company and its Subsidiaries; provided that any Data
Center Property will no longer be considered to be a Development Property at the earlier of (a) the date 

  
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on which such Development Property’s capitalized value determined in accordance with GAAP exceeds its book value determined in accordance with GAAP, (b) the date on which all
improvements related to the development of such Development Property have been substantially completed (excluding tenants improvements) for eighteen (18) months, or (c) the date upon which notice is received by Agent from Borrowers’
Representative that Borrowers elect to designate such Development Property as a Stabilized Property. Each individual phase of a given development will be considered a separate and distinct project for purposes of this definition. 

Disclosed Competitor. Any of the companies listed on Schedule 1.3 attached hereto and made a part hereof. 

Distribution. Any (a) dividend or other distribution, direct or indirect, on account of any Equity Interest of Guarantors, a
Borrower, or any of their respective Subsidiaries now or hereafter outstanding, except a dividend or distribution payable solely in Equity Interests of identical class to the holders of that class; (b) redemption, conversion, exchange,
retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any Equity Interest of Guarantors, a Borrower, or any of their respective Subsidiaries now or hereafter outstanding (other than exchange of
an Equity Interest for another Equity Interest of the same Person); and (c) payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire any Equity Interests of Guarantors, a Borrower, or
any of their respective Subsidiaries now or hereafter outstanding. 
 Dollars or $. Dollars in lawful currency of
the United States of America. 
 Domestic Lending Office. Initially, the office of each Lender designated as such on
Schedule 1.1 hereto; thereafter, such other office of such Lender, if any, located within the United States that will be making or maintaining Base Rate Loans. 
 Drawdown Date. The date on which any Loan is made or is to be made, and the date on which any Loan which is made prior to the Maturity Date, as applicable, is converted in accordance with
§4.1. 
 EBITDA. With respect to Parent Company and its Subsidiaries for any period (without duplication):
(a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and amortization expense;
(ii) Interest Expense; (iii) income tax expense; (iv) non-recurring charges and extraordinary or non-recurring gains and losses; and (v) other non-cash items, including without limitation,
non-cash deferred compensation expense for officers and employees and amortization of stock grants; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below; plus (c) for the purposes of
calculating Consolidated Fixed Charges and Corporate Debt Yield only, Set-up Fees that are amortized over the term of the applicable Lease. With respect to Unconsolidated Affiliates, EBITDA attributable to such entities shall be excluded but EBITDA
shall include a Person’s Equity Percentage of Net Income (or Loss) from such Unconsolidated Affiliates plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) non-recurring charges and extraordinary or non-recurring gains and losses; and (v) other non-cash items, including without limitation, non-cash deferred compensation expense for

  
 13 

 
officers and employees and amortization of stock grants from such Unconsolidated Affiliates. EBITDA shall be adjusted to remove (i) any impact from straight line rent leveling adjustments
required under GAAP and amortization of intangibles pursuant to FAS 141R, and (ii) merger and acquisition costs required to be expensed under FAS 141R. Notwithstanding the foregoing, (a) corporate general and administrative expense of
Parent Company shall be adjusted to an amount equal to the lesser of (1) ten percent (10.0%) of total revenues of Parent Company and its Subsidiaries, excluding straight line leveling adjustments required under GAAP and amortization of
intangibles pursuant to FAS 141R, or (2) actual corporate general and administrative expense until such time as the IPO Event has occurred, and (b) property management fees (also known as property level general and administrative expense)
shall be adjusted to be the greater of (i) actual property management expenses of such Real Estate, or (ii) an amount equal to four percent (4.0%) of the gross revenues from such Real Estate excluding straight line leveling
adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R. 
 Eligible Real Estate. Real
Estate: 
 (a) which is wholly-owned in fee (or leased under a ground lease acceptable to the Agent in its reasonable
discretion) by a Borrower; 
 (b) which is located within the 50 States of the United States or the District of Columbia;

 (c) which is improved by an income-producing Data Center Property; 

(d) as to which all of the representations set forth in §6 of this Agreement concerning Mortgaged Property are true and correct;

 (e) as to which the Agent and the Required Lenders, as applicable, have received and approved all Eligible Real Estate
Qualification Documents, or will receive and approve them prior to inclusion of such Real Estate as a Mortgaged Property; and 

(f) as to which, notwithstanding anything to the contrary contained herein, but subject to the last sentence of §5.3(a), the Agent
and the Required Lenders have approved for inclusion in the Borrowing Base. 
 Eligible Real Estate Qualification
Documents. See Schedule 1.2 attached hereto. 
 Employee Benefit Plan. Any employee benefit plan within the meaning
of §3(3) of ERISA maintained or contributed to by any Borrower, any Guarantor or any ERISA Affiliate, other than a Multiemployer Plan. 
 Entity Agreement. As defined in §7.21. 
 Environmental
Engineer. A firm of independent professional engineers or other scientists generally recognized as expert in the detection, analysis and remediation of Hazardous Substances and related environmental matters and acceptable to the Agent in its
reasonable discretion. 

  
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 Environmental Laws. As defined in the Indemnity Agreements. 

Equipment Lender. Caterpillar Financial Services Corporation. 

Equipment Loan. A loan from Equipment Lender to QIPM in the original principal amount of $25,000,000 provided pursuant to the
Equipment Loan Documents as the same may be amended, modified, increased, consolidated or restated. 
 Equipment Loan
Documents. The Loan Agreement dated as of April 9, 2010 between Equipment Lender and QIPM and any other promissory notes, documents, agreements or instruments now or hereafter executed and delivered by or on behalf of QIPM or any other
person or entity in connection with the Equipment Loan, as any of the same may be from time to time amended, extended, supplemented, consolidated, renewed, restated or otherwise modified. 

Equity Interests. With respect to any Person, any share of capital stock of (or other ownership or profit interests in) such
Person, any warrant, option or other right for the purchase or other acquisition from such Person of any share of capital stock of (or other ownership or profit interests in) such Person, any security convertible into or exchangeable for any share
of capital stock of (or other ownership or profit interests in) such Person or warrant, right or option for the purchase or other acquisition from such Person of such shares (or such other interests), and any other ownership or profit interest in
such Person (including, without limitation, partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such share, warrant, option, right or other interest is authorized or otherwise existing on any date of
determination. 
 Equity Offering. The issuance and sale after the Closing Date by Parent Company or any of its
Subsidiaries of any Equity Interests of such Person. 
 Equity Percentage. The aggregate ownership percentage of a
Borrower, a Guarantor or their respective Subsidiaries in each Unconsolidated Affiliate. 
 ERISA. The Employee
Retirement Income Security Act of 1974, as amended and in effect from time to time. 
 ERISA Affiliate. Any Person which
is treated as a single employer with Parent Company or its Subsidiaries under §414 of the Code. 
 ERISA Reportable
Event. A reportable event with respect to a Guaranteed Pension Plan within the meaning of §4043 of ERISA and the regulations promulgated thereunder as to which the requirement of notice has not been waived. 

Event of Default. See §12.1. 
 FATCA. Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with)
and any current or future regulations promulgated thereunder or official interpretations thereof. 

  
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 Federal Funds Effective Rate. For any day, the rate per annum (rounded upward to the
nearest one-hundredth of one percent (1/100 of 1%)) announced by the Federal Reserve Bank of New York on such day as being the weighted average of the rates on overnight federal funds transactions arranged by federal funds brokers on the previous
trading day, as computed and announced by such Federal Reserve Bank in substantially the same manner as such Federal Reserve Bank computes and announces the weighted average it refers to as the “Federal Funds Effective Rate.” 

Funds from Operations. With respect to any Person for any period, an amount equal to the Net Income (or Loss) of such Person for
such period, computed in accordance with GAAP, excluding gains and losses from sales of property, non-cash impairment charges and non-cash charges and gains from Derivatives Contracts, plus depreciation and amortization, and after adjustments for
unconsolidated partnerships and joint ventures. Adjustments for unconsolidated partnerships and joint ventures will be recalculated to reflect funds from operations on the same basis. Funds from Operations shall be reported in accordance with NAREIT
policies unless otherwise agreed to above in this definition. 
 GAAP. Principles that are (a) consistent with the
principles promulgated or adopted by the Financial Accounting Standards Board and its predecessors, as in effect from time to time and (b) consistently applied with past financial statements of the Person adopting the same principles.

 General Atlantic. General Atlantic REIT, Inc., a Maryland corporation. 

General Partner. QualityTech GP, LLC, a Delaware limited liability company. 

Governmental Authority. The government of the United States of America or any other nation, or of any political subdivision
thereof whether state or local agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
government (including any supra-national bodies such as the European Union or the European Central Bank). 
 Gross Asset
Value. On a consolidated basis for Parent Company and its Subsidiaries, Gross Asset Value shall mean the sum of (without duplication with respect to any Real Estate): 
 (i) the Adjusted Net Operating Income (but not less than zero) of any Real Estate owned by Parent Company or any of its Subsidiaries which is a Stabilized Property divided by the Capitalization Rate
(expressed as a decimal); plus 
 (ii) the cost basis book value determined in accordance with GAAP of all Real Estate acquired
by Parent Company or any of its Subsidiaries during the prior two (2) fiscal quarters most recently ended; plus 
 (iii)
the book value determined in accordance with GAAP of all Development Properties owned by Parent Company or any of its Subsidiaries; plus 

  
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 (iv) the book value determined in accordance with GAAP of all Land Assets of Parent Company
and its Subsidiaries, plus 
 (v) the aggregate amount of all Unrestricted Cash and Cash Equivalents of Parent Company and its
Subsidiaries as of the date of determination; plus 
 (vi) the amount of cash contained in any accounts established by or for
the benefit of Parent Company or its Subsidiaries to effectuate a tax-deferred exchange (also known as a “1031” exchange) in connection with the purchase and/or sale of all or a portion of Real Estate; plus 

(vii) to the extent approved by Agent, the aggregate amount of all cash and Cash Equivalents (excluding amounts included in (vi)) above)
of Parent Company and its Subsidiaries as of the date of determination that does not qualify as “Unrestricted” as defined in the definition of Unrestricted Cash and Cash Equivalents. 

Gross Asset Value will be adjusted, as appropriate, for acquisitions, dispositions and other changes to the portfolio during the
calendar quarter most recently ended prior to a date of determination. All income, expense and value associated with assets included in Gross Asset Value disposed of during the calendar quarter period most recently ended prior to a date of
determination will be eliminated from calculations. Additionally, without limiting or affecting any other provision hereof, Gross Asset Value shall not include any income or value associated with Real Estate which is not operated or intended to be
operated principally as a Data Center Property. Gross Asset Value will be adjusted to include an amount equal to Parent Company or any of its Subsidiaries’ pro rata share (based upon the greater of such Person’s Equity Percentage in such
Unconsolidated Affiliate or such Person’s pro rata liability for the Indebtedness of such Unconsolidated Affiliate) of the Gross Asset Value attributable to any of the items listed above in this definition owned by such Unconsolidated
Affiliate. 
 Guaranteed Pension Plan. Any employee pension benefit plan within the meaning of §3(2) of ERISA
maintained or contributed to by any Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer Plan. 

Guarantors. Collectively, QTLP and QTS Richmond TRS together with any Additional Subsidiary Guarantor and, following the
occurrence of the IPO Event, REIT. 
 Guarantor Joinder Agreement. The Guarantor Joinder Agreement with respect to the
Guaranty, Contribution Agreement and Indemnity Agreement to be executed and delivered pursuant to §5.5, such Guarantor Joinder Agreement to be substantially in the form of Exhibit E-2 hereto.

 Guaranty. The Unconditional Guaranty of Payment and Performance dated of even date herewith given by Guarantors to
and for the benefit of Agent and the Lenders as the same may be modified, amended, restated or ratified, such Guaranty to be in form and substance satisfactory to the Agent. 
 Hazardous Substances. As defined in the Indemnity Agreements. 

  
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 Hedge Obligations. All obligations of Borrowers to any Lender Hedge Provider to make
any payments, whether due on a scheduled payment date or earlier by reason of early termination thereof or otherwise under any agreement with respect to an interest rate swap, collar, cap or floor or a forward rate agreement or other agreement
regarding the hedging of interest rate risk exposure attributable only to the Obligations, and any confirming letter executed pursuant to such hedging agreement, all as amended, restated or otherwise modified. 

Increase Date. See §2.11(b). 
 Increase Notice. See §2.11(a). 
 Implied Debt Service. On any
date of determination, an amount equal to the greater of (i) the annual principal and interest payment sufficient to amortize in full during a twenty-five (25) year period, a loan in an amount equal to the sum of the aggregate principal
balance of the Loans as of such date, calculated using an interest rate equal to the greater of (a) the then current annual yield on ten (10) year obligations issued by the United States Treasury most recently prior to the date of
determination as determined by the Agent plus two percent (2.00%), or (b) 8.00%, or (ii) the actual annual interest that was paid by Borrowers under this Agreement for the preceding twelve (12) calendar months. 

Indebtedness. With respect to a Person, at the time of computation thereof, all of the following (without duplication):
(a) all obligations of such Person in respect of money borrowed (other than trade debt incurred in the ordinary course of business which is not more than one hundred eighty (180) days past due); (b) all obligations of such Person,
whether or not for money borrowed (i) represented by notes payable, or drafts accepted, in each case representing extensions of credit, (ii) evidenced by bonds, debentures, notes or similar instruments, or (iii) constituting purchase
money indebtedness, conditional sales contracts, title retention debt instruments or other similar instruments, upon which interest charges are customarily paid or that are issued or assumed as full or partial payment for property or services
rendered; (c) obligations of such Person as a lessee or obligor representing the principal portion under a Capitalized Lease; (d) all reimbursement obligations of such Person under any letters of credit or acceptances (whether or not the
same have been presented for payment), but excluding any such reimbursement obligations to the extent such obligations have been cash collateralized; (e) Off-Balance Sheet Obligations; (f) all
obligations of such Person in respect of any purchase obligation, repurchase obligation, takeout commitment or forward equity commitment, in each case evidenced by a binding agreement (excluding (i) any such obligation to the extent the
obligation can be solely satisfied by the issuance of Equity Interests and (ii) any purchases of Real Estate, inventory or equipment in the ordinary course of business of such Person); (g) net obligations under any Derivatives Contract not
entered into as a hedge against existing Indebtedness, in an amount equal to the Derivatives Termination Value thereof; (h) all Indebtedness of other Persons which such Person has guaranteed or is otherwise recourse to such Person (except for
guaranties of customary exceptions for fraud, misapplication of funds, environmental indemnities, violation of “special purpose entity” covenants, and other similar exceptions to recourse liability until a claim is made with respect
thereto, and then shall be included only to the extent of the amount of such claim), including liability of a general partner in respect of liabilities of a partnership in which it is a general partner which would constitute “Indebtedness”
hereunder, any obligation to supply funds to or in any manner to invest directly 

  
 18 

 
or indirectly in a Person, to maintain working capital or equity capital of another Person or otherwise to maintain net worth, solvency or other financial condition of another Person, to purchase
indebtedness, or to assure the owner of indebtedness against loss, including, without limitation, through an agreement to purchase property, securities, goods, supplies or services for the purpose of enabling the debtor to make payment of the
indebtedness held by such owner or otherwise; (i) all Indebtedness of another Person secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property or assets owned
by such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness or other payment obligation; and (j) such Person’s pro rata share of the Indebtedness (based upon its Equity Percentage in such
Unconsolidated Affiliate) of any Unconsolidated Affiliate of such Person. “Indebtedness” shall be adjusted to remove any impact of intangibles pursuant to FAS 141R, as issued by the Financial Accounting Standards Board in December of 2007.
Indebtedness of any Person shall include Indebtedness of any partnership or joint venture in which such Person is a general partner or joint venture only to the extent of such Person’s pro rata share of the ownership of such partnership or
joint venture (except if such Indebtedness, or portion thereof, is recourse to such Person, in which case the greater of such Person’s pro rata portion of such Indebtedness or the amount of the recourse portion of the Indebtedness, shall be
included as Indebtedness of such Person). Indebtedness shall also include loans made pursuant to QTLP Subordinate Note; provided, however, that loans made pursuant to QTLP Subordinate Note shall be excluded from Indebtedness so long as no default,
material misrepresentation or breach of warranty has occurred under QTLP Subordination and Standstill Agreement. 

Indemnity Agreements. The Indemnity Agreement Regarding Hazardous Materials dated as of even date herewith made by the
Guarantors, QIPR and each Additional Subsidiary Borrower in favor of the Agent and the Lenders, as the same may be modified, amended or ratified, pursuant to which the Guarantors, QIPR and each Additional Subsidiary Borrower agree to indemnify the
Agent and the Lenders with respect to Hazardous Substances and Environmental Laws. 
 Independent Director. With respect
to a Borrower or any SPE Entity, means a natural person who is appointed as an independent manager or an independent director, as applicable, and who is not at the time of initial appointment as a director or manager or at any time while serving as
a director or manager of a Borrower or any SPE Entity and has not been at any time during the five (5) years preceding such initial appointment: 
 (i) a stockholder, director (with the exception of serving as an Independent Director), officer, trustee, employee, partner, member, attorney or counsel of any Borrower or any SPE Entity, or its member or
partner (with the exception of serving as a Special Member), or any Affiliate of either of them; 
 (ii) a creditor, customer,
supplier, or other Person who derives any of its purchases or revenues from its activities with any Borrower or any SPE Entity, or its member, partners or shareholders, or any Affiliate of either of them; 

(iii) a Person controlling or under common control with any Person excluded from serving as Independent Director under (i) or
(ii) above; or 
 (iv) a member of the immediate family by blood or marriage of any Person excluded from serving as
Independent Director under (i) or (ii) above. 

  
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 A natural person who satisfies the foregoing definition other than subparagraph
(ii) shall not be disqualified from serving as an Independent Director of a Borrower or SPE Entity if such individual is an Independent Director provided by a nationally-recognized company that provides professional independent directors (a
“Professional Independent Director”) and other corporate services in the ordinary course of its business. A natural person who otherwise satisfies the foregoing definition other than subparagraph (i) by reason of being the independent
director of a “special purpose entity” affiliated with any Borrower or SPE Entity shall not be disqualified from serving as an Independent Director of a Borrower or SPE Entity if such individual is either (a) a Professional
Independent Director or (b) the fees that such individual earns from serving as independent director of Affiliates of any Borrower or SPE Entity in any given year constitute in the aggregate less than five percent (5%) of such
individual’s annual income for that year. Notwithstanding the immediately preceding sentence, an Independent Director may not simultaneously serve as Independent Director of a Borrower or SPE Entity and as Independent Director of any special
purpose entity that owns a direct or indirect equity interest in any Borrower or SPE Entity. 
 Insurance Proceeds. All
insurance proceeds, damages and claims and the right thereto under any insurance policies relating to any portion of any Collateral, net of all reasonable and customary amounts actually expended to collect the same. 

Interest Expense. For any period with respect to Parent Company and its Subsidiaries, without duplication, (a) interest
(whether accrued or paid) actually payable (without duplication), excluding non-cash interest expense but including capitalized interest not funded under an interest reserve pursuant to a specific debt obligation, together with the interest portion
of payments on Capitalized Leases, plus (b) Parent Company’s and its Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period. Interest Expense shall exclude interest paid pursuant
to the QTLP Subordinate Note. 
 Interest Payment Date. As to each Base Rate Loan, the first
(1st) day of each calendar month during the term of
such Base Rate Loan, and as to each LIBOR Rate Loan, the last day of the Interest Period for such LIBOR Loan and, if such Interest Period has a duration of more than three months, at three-month intervals following the first day of such Interest
Period. 
 Interest Period. With respect to each LIBOR Rate Loan (a) initially, the period commencing on the
Drawdown Date of such LIBOR Rate Loan and ending 7 days thereafter or one, two, three or, if available to all Lenders, six months thereafter (provided, however, until the completion of the syndication of the Loan as determined by
Agent, the interest period for any LIBOR Rate Loan shall be one month), and (b) thereafter, each period commencing on the day following the last day of the next preceding Interest Period applicable to such Loan and ending on the last day of one
of the periods set forth above, as selected by the Borrowers in a Loan Request or Conversion/Continuation Request; provided that all of the foregoing provisions relating to Interest Periods are subject to the following: 

(i) if any Interest Period with respect to a LIBOR Rate Loan would otherwise end on a day that is not a LIBOR Business Day, such
Interest Period shall end on the next succeeding LIBOR Business Day, unless such next succeeding LIBOR Business Day occurs in the next calendar month, in which case such Interest Period shall end on the next preceding LIBOR Business Day, as
determined conclusively by the Agent in accordance with the then current bank practice in London; 

  
 20 

 (ii) if the Borrowers shall fail to give notice as provided in §4.1, the Borrowers
shall be deemed to have requested a continuation of the affected LIBOR Rate Loan as a LIBOR Rate Loan on the last day of the then current Interest Period with respect thereto as provided in and subject to the terms of §4.1(c); 

(iii) any Interest Period (other than an Interest Period having a duration of 7 days) pertaining to a LIBOR Rate Loan that begins on the
last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the applicable calendar month; and 

(iv) no Interest Period relating to any LIBOR Rate Loan shall extend beyond the Maturity Date. 

Investments. With respect to any Person, all shares of capital stock, evidences of Indebtedness and other securities issued by
any other Person and owned by such Person, all loans, advances, or extensions of credit (other than endorsements for collection) to, or contributions to the capital of, any other Person, all purchases of the securities or business or integral part
of the business of any other Person and commitments and options to make such purchases, all interests in real property, and all other investments; provided, however, that the term “Investment” shall not include
(i) inventory and other tangible personal property acquired in the ordinary course of business, or (ii) current trade and customer accounts receivable for services rendered in the ordinary course of business and payable in accordance with
customary trade terms. In determining the aggregate amount of Investments outstanding at any particular time: (a) there shall be included as an Investment all interest accrued with respect to Indebtedness constituting an Investment unless and
until such interest is paid; (b) there shall be deducted in respect of each Investment any amount received as a return of capital; (c) there shall not be deducted in respect of any Investment any amounts received as earnings on such
Investment, whether as dividends, interest or otherwise, except that accrued interest included as provided in the foregoing clause (a) may be deducted when paid; and (d) there shall not be deducted in respect of any Investment any decrease
in the value thereof. 
 IPO Event. The formation of REIT and the initial public offering of stock in REIT and the
registration of REIT as a public company with the SEC. 
 Land Assets. Land with respect to which the commencement of
grading, construction of improvements (other than improvements that are not material and are temporary in nature) or infrastructure has not yet commenced and for which no such work is reasonably scheduled to commence within the following twelve
(12) months. 

  
 21 

 Leases. Leases and all subleases, tenancies, shared space agreements, master space
agreement, frame agreements, occupancies, licenses and agreements, whether written or oral, relating to the use or occupation of space in any Building or of any Real Estate. 
 Lender Hedge Provider. With respect to any Hedge Obligations, any counterparty thereto that, at the time the applicable hedge agreement was entered into, was a Lender or an Affiliate of a Lender.

 Lenders. Regions, the other lending institutions which are party hereto and any other Person which becomes an
assignee of any rights of a Lender pursuant to §18 (but not including any participant as described in §18); and collectively, the Revolving Credit Lenders. 
 LIBOR. For any LIBOR Rate Loan for any Interest Period, the average rate as shown in Reuters Screen LIBOR01 Page (or any successor service, or if such Person no longer reports such rate as
determined by Agent, by another commercially available source providing such quotations approved by Agent) at which deposits in U.S. dollars are offered by first class banks in the London Interbank Market at approximately 11:00 a.m. (London time) on
the day that is two (2) LIBOR Business Days prior to the first day of such Interest Period with a maturity approximately equal to such Interest Period and in an amount approximately equal to the amount to which such Interest Period relates,
adjusted for reserves and taxes if required by future regulations. If such service or such other Person approved by Agent described above no longer reports such rate or Agent determines in good faith that the rate so reported no longer accurately
reflects the rate available to Agent in the London Interbank Market, Loans shall accrue interest at the Base Rate plus the Applicable Margin for such Loan. For any period during which a Reserve Percentage shall apply, LIBOR with respect to LIBOR
Rate Loans shall be equal to the amount determined above divided by an amount equal to 1 minus the Reserve Percentage. 

LIBOR Business Day. Any day on which commercial banks are open for international business (including dealings in Dollar deposits)
in London, England. 
 LIBOR Lending Office. Initially, the office of each Lender designated as such on Schedule
1.1 hereto; thereafter, such other office of such Lender, if any, that shall be making or maintaining LIBOR Rate Loans. 

LIBOR Rate Loans. Collectively, the Revolving Credit LIBOR Rate Loans. 

Lien. See §8.2. 
 Loan Documents. This Agreement, the Notes, the Guaranty, the Contribution Agreement, the Security Documents and all other documents, instruments or agreements now or hereafter executed or delivered
by or on behalf of the Borrowers or the Guarantors in connection with the Loans. 
 Loan Request. See §2.7.

 Loan and Loans. An individual loan or the aggregate loans (including a Revolving Credit Loan (or Loans) to be
made by the Lenders hereunder. All Loans shall be made in Dollars. 

  
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 Management Agreements. Collectively, (i) that certain Property Management
Assistance Agreement, dated as of November 1, 2010, by and between QTLP and QIPR, (ii) that certain Special Services Assistance Agreement, dated as of November 1, 2010, by and between Quality Technology Services Holding, LLC and QTS
Richmond TRS, (iii) that certain Special Services and Collection Agreement, dated as of November 1, 2010, by and between QTS Richmond TRS and QIPR, and (iv) any management agreements entered into by and between any Borrower and a
Subsidiary of Parent Company, pursuant to which a manager is to provide any similar management or other service with respect to the applicable Mortgaged Property or to receive separate consideration from the tenants or licensees of a Mortgaged
Property, provided any such Management Agreement shall be subject to the approval of Agent, which shall not be unreasonably withheld, conditioned or delayed. 
 Material Action. To file any insolvency, or reorganization case or proceeding, to institute proceedings to have any Borrower or any SPE Entity be adjudicated bankrupt or insolvent, to institute
proceedings under any applicable insolvency law, to seek any relief under any law relating to relief from debts or the protection of debtors, to consent to the filing or institution of bankruptcy or insolvency proceedings against such Borrower or
SPE Entity, to file a petition seeking or consent to, reorganization or relief with respect to such Borrower or SPE Entity under any applicable federal or state law relating to bankruptcy or insolvency, to seek or consent to the appointment of a
receiver, liquidator, assignee, trustee, sequestrator, custodian, or any similar official of or for the Borrower or any SPE Entity or a substantial part of its property, to make any assignment for the benefit of creditors of such Borrower or SPE
Entity, to admit in writing such Borrower’s or SPE Entity’s inability to pay its debts generally as they become due, or to take action in furtherance of any of the foregoing. 

Material Adverse Effect. A material adverse effect on (a) the business, properties, assets, condition (financial or
otherwise) or results of operations of Guarantors and their Subsidiaries considered as a whole; (b) the ability of Borrowers or any Guarantor to perform any of its material obligations under the Loan Documents; or (c) the validity or
enforceability of any of the Loan Documents or the rights or remedies of Agent or the Lenders thereunder. 
 Material
Agreements. Each contract and agreement relating to the ownership, management, development, use, operation, leasing, maintenance, repair or improvement of a Mortgaged Property, including, without limitation (a) those needed to deliver
services guaranteed at the Mortgaged Property under the Leases, or (b) under which there is an obligation of a Borrower to pay more than $200,000 per annum. Material Agreements shall not include the Management Agreements or the Leases.

 Material Environmental Matter. See §6.20(a). 

Maturity Date. December 18, 2015, or such earlier date on which the Loans shall become due and payable pursuant to the terms
hereof, or such later date to which the Maturity Date may be extended pursuant to §2.15. 
 Monthly Recurring
Charges. For any period, the amount due under Leases for a Mortgaged Property for recurring rent and services as shown under the heading of “MRR” on the Rent Roll for such Mortgaged Property, and which shall be calculated in a manner
consistent with the Rent Roll delivered to the Agent in connection with the execution of this Agreement. 

  
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 Moody’s. Moody’s Investors Service, Inc. 

Mortgaged Property or Mortgaged Properties. The Eligible Real Estate owned or leased pursuant to a ground lease approved by the
Agent, by a Borrower which is security for the Obligations and the Hedge Obligations pursuant to the Mortgages. As of the Closing Date, only the Richmond Property is a “Mortgaged Property.” 

Mortgages. The Mortgages, Deeds to Secure Debt and/or Deeds of Trust from a Borrower to the Agent for the benefit of the Lenders
(or to trustees named therein acting on behalf of the Agent for the benefit of the Lenders and the Lender Hedge Providers), as the same may be modified or amended, pursuant to which such Borrower has conveyed or granted a mortgage lien upon or a
conveyance in fee simple (or of a leasehold, if applicable) of a Mortgaged Property as security for the Obligations and the Hedge Obligations, each such mortgage entered into after the date hereof to be substantially in the form of the initial
Mortgage executed and delivered by QIPR in connection with this Agreement, with such changes thereto as Agent may require as a result of state law or practice. 
 Multiemployer Plan. Any multiemployer plan within the meaning of §3(37) of ERISA maintained or contributed to by any Borrower, any Guarantor or any ERISA Affiliate. 

Net Income (or Loss). With respect to any Person (or any asset of any Person) for any period, the net income (or loss) of such
Person (or attributable to such asset), determined in accordance with GAAP. 
 Net Offering Proceeds. The gross cash
proceeds received by Parent Company or any of its Subsidiaries as a result of an Equity Offering less the customary and reasonable costs, expenses, fees, commissions and discounts paid by Parent Company or such Subsidiary in connection
therewith. 
 Net Operating Income. For any Real Estate and for a given period, an amount equal to the sum of
(a) the rents, common area reimbursements, and service and other income for such Real Estate for such period received in the ordinary course of business from tenants or licensees paying rent, and termination fees received for such period of not
greater than one percent (1.0%) of the aggregate Monthly Recurring Charges for such period (excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ or licensees’ obligations
for rent and any non-recurring fees, charges or amounts including, without limitation, set-up fees) minus (b) all expenses paid or accrued and related to the ownership, operation or maintenance of such Real Estate for such period,
including, but not limited to, taxes, assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for
legal, accounting, advertising, marketing and other expenses incurred in connection with such Real Estate, but specifically excluding general overhead expenses of Parent Company and its Subsidiaries, any property management fees and non-recurring charges), minus (c) the greater of (i) actual property management expenses of such Real Estate, or (ii) an 

  
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amount equal to four percent (4.0%) of the gross revenues from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to
FAS 141R, minus (d) all rents, common area reimbursements and other income for such Real Estate received from tenants or licensees in default of payment obligations under their lease unless such tenants or licensees have made a payment
of such amounts in each month due other than amounts contested, in which case only amounts contested and not paid are excluded, or with respect to leases as to which the tenant or licensee or any guarantor thereunder is subject to any bankruptcy,
reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or similar debtor relief proceeding. The Guarantors’ pro rata share of the Net Operating Income of Unconsolidated Affiliates of the Guarantors shall be
included in determinations of Net Operating Income for the purposes of the calculation of Gross Asset Value. Notwithstanding anything to the contrary contained herein, Set-up Fees that are amortized over the term of the applicable Lease shall be
included in determinations of Net Operating Income for the calculation of Borrowers Debt Yield and Borrowing Base Debt Service Coverage Ratio. 
 Non-Defaulting Lender. At any time, any Lender that is not a Defaulting Lender at such time. 
 Non-Recourse Exclusions. With respect to any Non-Recourse Indebtedness of any Person, any usual and customary exclusions from the non-recourse limitations
governing such Indebtedness, including, without limitation, exclusions for claims that (i) are based on fraud, intentional misrepresentation, misapplication of funds, gross negligence or willful misconduct, (ii) result from intentional
mismanagement of or waste at the Real Property securing such Non-Recourse Indebtedness, (iii) arise from the presence of Hazardous Substances on the Real Property securing such Non-Recourse Indebtedness; (iv) are the result of any unpaid
real estate taxes and assessments (whether contained in a loan agreement, promissory note, indemnity agreement or other document), (v) are the result of unpaid amounts that could result in the creation of a Lien on the Real Property securing
the Non-Recourse Indebtedness, (vi) arise from the filing of a petition under the Bankruptcy Code or seeking relief under other laws relating to insolvency or protection from creditors, (vii) arise from asserting defenses to the
Non-Recourse Indebtedness that are without merit or unwarranted, (viii) arise from the forfeiture under any law of the Real Property securing the Non-Recourse Indebtedness, (ix) arise from the failure of any borrower or guarantor of the
Non-Recourse Indebtedness to maintain its status as a single purpose entity, or (x) arise from the failure to obtain any required consent of the lender of the Non-Recourse Indebtedness to any other debt or voluntary lien encumbering the Real
Property securing the Non-Recourse Indebtedness. 
 Non-Recourse Indebtedness. Indebtedness of Guarantors, their
Subsidiaries or an Unconsolidated Affiliate which is secured by one or more parcels of Real Estate or interests therein or equipment (other than a Mortgaged Property, any interest therein or equipment relating thereto) and which is not a general
obligation of such Guarantor, such Subsidiary or Unconsolidated Affiliate, the holder of such Indebtedness having recourse solely to the parcels of Real Estate, or interests therein, securing such Indebtedness, the leases thereon and the rents,
profits and equity thereof or equipment, as applicable (except for recourse against the general credit of the Guarantors or their Subsidiaries or an Unconsolidated Affiliate for any Non-Recourse Exclusions),
provided that in calculating the amount of Non-Recourse 

  
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Indebtedness at any time, the amount of any Non-Recourse Exclusions which are the subject of a claim shall not be included in the Non-Recourse Indebtedness but shall constitute recourse
Indebtedness. Non-Recourse Indebtedness shall also include Indebtedness of a Subsidiary of Parent Company that is not a Borrower or of an Unconsolidated Affiliate which is a special purpose entity that is recourse solely to such Subsidiary or
Unconsolidated Affiliate, which is not cross-defaulted to other Indebtedness of the Borrowers or Guarantors and which does not constitute Indebtedness of any other Person (other than such Subsidiary or Unconsolidated Affiliate which is the borrower
thereunder). 
 Notes. The Revolving Credit Notes. 

Notice. See §19. 
 Obligations. All indebtedness, obligations and liabilities of the Borrowers and the Guarantors to any of the Lenders or the Agent, individually or collectively, under this Agreement or any of the
other Loan Documents or in respect of any of the Loans, the Notes, or other instruments at any time evidencing any of the foregoing, whether existing on the date of this Agreement or arising or incurred hereafter, direct or indirect, joint or
several, absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or unsecured, arising by contract, operation of law or otherwise. 
 OFAC. Office of Foreign Asset Control of the Department of the Treasury of the United States of America. 
 Off-Balance Sheet Obligations. Liabilities and obligations of Parent Company, any of its Subsidiaries or any other Person in respect of “off-balance sheet arrangements” (as defined in the
SEC Off-Balance Sheet Rules) which Parent Company would be required to disclose in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of Parent Company’s report on Form 10-Q or
Form 10-K (or their equivalents) which Parent Company is required to file with the SEC or would be required to file if it were subject to the jurisdiction of the SEC (or any Governmental Authority substituted therefore). As used in this definition,
the term “SEC Off-Balance Sheet Rules” means the Disclosure in Management’s Discussion and Analysis About Off-Balance Sheet Arrangements and Aggregate Contractual Obligations, Securities Act Release No. 33-8182, 68 Fed. Reg. 5982
(Feb. 5, 2003) (codified at 17 CFR pts. 228, 229 and 249). 
 Outstanding. With respect to the Loans, the aggregate
unpaid principal thereof as of any date of determination. 
 Parent Company. QTLP or, following the occurrence of the
IPO Event, REIT. 
 Patriot Act. The Uniting and Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Act of 2001, as the same may be amended from time to time, and corresponding provisions of future laws. 
 PBGC. The Pension Benefit Guaranty Corporation created by §4002 of ERISA and any successor entity or entities having similar responsibilities. 

  
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 Permitted Debt. Indebtedness permitted by §8.1. 

Permitted Liens. Liens, security interests and other encumbrances permitted by §8.2. 

Permitted Refinancing. As to any Indebtedness, the incurrence of other Indebtedness to refinance, extend, renew, defease,
restructure, replace or refund (collectively, “refinance”) such existing Indebtedness; provided that, in the case of such other Indebtedness, the following conditions are satisfied: (a) the weighted average life to maturity of such
refinancing Indebtedness shall be greater than or equal to the weighted average life to maturity of the Indebtedness being refinanced; (b) the principal amount of such refinancing Indebtedness shall be less than or equal to the principal amount
(including any accreted or capitalized amount) then outstanding of the Indebtedness being refinanced, plus any required premiums and other reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such modification,
refinancing, refunding, renewal or extension and by any amount equal to any existing commitments unutilized thereunder; (c) there shall be no obligors in respect of the refinancing Indebtedness that were not obligors in respect of the
Indebtedness being refinanced; (d) the security, if any, for the refinancing Indebtedness shall be the same as that for the Indebtedness being refinanced (except to the extent that less security is granted to holders of refinancing
Indebtedness); and (e) no material terms (other than interest rate) applicable to such refinancing Indebtedness or, if applicable, the related security or guarantees of such refinancing Indebtedness (including covenants, events of default,
remedies, acceleration rights) shall be, taken as a whole, materially more favorable to the refinancing lenders than the terms that are applicable under the instruments and documents governing the Indebtedness being refinanced. 

Permitted Transferee. With respect to Chad L. Williams, (i) any transfer to the spouse of such Person; (ii) any
transfer to a lineal descendant, natural or adopted, of such Person or to the spouse of any such lineal descendant; and (iii) any transfer to the trustee of a trust, to a partnership or to any other entity, for the substantial benefit of such
Person and/or one or more Persons described in clauses (i) or (ii) above, in each case done for bona fide estate planning purposes. 
 Person. Any individual, corporation, limited liability company, partnership, trust, unincorporated association, business, or other legal entity, and any government or any governmental agency or
political subdivision thereof. 
 Plan Assets. Assets of any employee benefit plan subject to Part 4, Subtitle B, Title
I of ERISA. 
 Potential Collateral. Any property of a Subsidiary of the Parent which is not at the time included in the
Collateral and which consists of (i) Eligible Real Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Required Lenders and the completion and delivery of Eligible Real Estate
Qualification Documents other than, in the case of clauses (i) and (ii), property of QIPM, unless both the Equipment Loan and Bond have been indefeasibly paid in full. 

  
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 Preferred Distributions. For any period and without duplication, all Distributions
paid, declared but not yet paid or otherwise due and payable during such period on Preferred Securities issued by Parent Company or any of its Subsidiaries. Preferred Distributions shall not include dividends or distributions paid or payable solely
in Equity Interests of identical class payable to holders of such class of Equity Interests. 
 Preferred Securities.
With respect to any Person, Equity Interests in such Person, which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation, or both.

 Pricing Level. Such term shall have the meaning established within the definition of Applicable Margin. 

QIPM. Quality Investment Properties Metro, LLC, a Delaware limited liability company. 

QTLP. QualityTech, LP, a Delaware limited partnership. 
 QTLP Subordinate Debt. All amounts loaned to QTLP and which are subject to QTLP Subordination and Standstill Agreement. 
 QTLP Subordinate Note. The promissory note dated October 23, 2009 payable by QTLP to the order of Chad L. Williams and QT Group in the outstanding principal amount of $26,352,209 as of
September 30, 2012, which evidences QTLP Subordinate Debt. 
 QTLP Subordination and Standstill Agreement. The
Subordination and Standstill Agreement dated as of the date of this Agreement, by and between QTLP, Agent, Chad L. Williams, and QT Group, which relates to QTLP Subordinate Debt, as the same may be modified or amended. 

QTS Richmond TRS. Quality Technology Services Richmond II, LLC, a Delaware limited liability company. 

Real Estate. All real property at any time owned or leased (as lessee or sublessee) by Parent Company or any of its Subsidiaries,
including, without limitation, the Mortgaged Properties. 
 Record. The grid attached to any Note, or the continuation
of such grid, or any other similar record, including computer records, maintained by the Agent with respect to any Loan referred to in such Note. 
 Recourse Indebtedness. As of any date of determination, any Indebtedness (whether secured or unsecured) which is recourse to Guarantors or any of their Subsidiaries. Recourse Indebtedness shall not
include Non-Recourse Indebtedness. 
 Regions. As defined in the preamble hereto. 

Register. See §18.2. 

  
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 REIT. The real estate investment trust or corporation that will be the general
partner of QTLP (or the 100% parent of such general partner) after the IPO Event. 
 REIT Status. With respect to a
Person, its status as a real estate investment trust as defined in §856(a) of the Code. 
 Release. See
§6.20(c)(iii). 
 Rent Roll. A report prepared by the Borrowers showing for each Mortgaged Property owned or leased
by Borrowers, its occupancy, lease expiration dates, lease rent and other information in substantially the form presented to Agent prior to the date of this Agreement or in such other form as may be reasonably acceptable to the Agent. 

Required Lenders. As of any date, the Lender or Lenders whose aggregate Commitment Percentage is equal to or greater than
sixty-six and 7/10 percent (66.7%) of the Total Commitment; provided that in determining said percentage at any given time, all then existing Defaulting Lenders will be disregarded and excluded and the Commitment Percentages of the Lenders
shall be redetermined for voting purposes only to exclude the Commitment Percentages of such Defaulting Lenders. 
 Required
Permits. Each building permit, certificate of occupancy (or equivalent), environmental permit, air emission or air quality permit, utility permit, land use permit, wetland permit and any other permits, approvals or licenses issued by any
Governmental Authority which are required in connection the construction or operation of any of the Mortgaged Properties. 

Reserve Percentage. For any Interest Period, that percentage which is specified three (3) Business Days before the first day
of such Interest Period by the Board of Governors of the Federal Reserve System (or any successor) or any other governmental or quasi-governmental authority with jurisdiction over Agent or any Lender for determining the maximum reserve requirement
(including, but not limited to, any marginal reserve requirement) for Agent or any Lender with respect to liabilities constituting of or including (among other liabilities) Eurocurrency liabilities in an amount equal to that portion of the Loan
affected by such Interest Period and with a maturity equal to such Interest Period. 
 Revolving Credit Base Rate Loans.
Revolving Credit Loans bearing interest calculated by reference to the Base Rate. 
 Revolving Credit Commitment. With
respect to each Revolving Credit Lender, the amount set forth on Schedule 1.1 hereto as the amount of such Revolving Credit Lender’s Revolving Credit Commitment to make or maintain Revolving Credit Loans to the Borrowers, as the same may
be changed from time to time in accordance with the terms of this Agreement. 
 Revolving Credit Commitment Percentage.
With respect to each Revolving Credit Lender, the percentage set forth on Schedule 1.1 hereto as such Revolving Credit Lender’s percentage of the Total Revolving Credit Commitment, as the same may be changed from time to time in
accordance with the terms of this Agreement; provided that if the Revolving Credit Commitments of the Revolving Credit Lenders have been terminated as provided in this Agreement, then the Revolving Credit Commitment of each Revolving Credit Lender
shall be 

  
 29 

 
determined based on the Revolving Credit Commitment Percentage of such Revolving Credit Lender immediately prior to such termination and after giving effect to any subsequent assignments made
pursuant to the terms hereof. 
 Revolving Credit Lenders. Collectively, the Lenders which have a Revolving Credit
Commitment, the initial Revolving Credit Lenders being identified on Schedule 1.1 hereto. 
 Revolving Credit LIBOR
Rate Loans. Revolving Credit Loans bearing interest calculated by reference to LIBOR. 
 Revolving Credit Loan or
Loans. An individual Revolving Credit Loan or the aggregate Revolving Credit Loans, as the case may be, in the maximum principal amount of $80,000,000 (subject to increase as provided in §2.11) to be made by the Revolving Credit Lenders
hereunder as more particularly described in §2. 
 Revolving Credit Notes. See §2.1(b). 

Richmond Property. The property owned by QIPR in Sandston, Virginia commonly known as 6000 Technology Boulevard, Sandston,
Virginia 23150. 
 SEC. The federal Securities and Exchange Commission. 

Secured Debt. With respect to Guarantors or any of their Subsidiaries as of any given date, the aggregate principal amount of all
Indebtedness of such Persons on a Consolidated basis outstanding at such date and that is secured in any manner by any Lien. 

Security Documents. Collectively, the Borrower Joinder Agreements, the Guarantor Joinder Agreements, the Mortgages, the
Assignments of Leases and Rents, the Indemnity Agreements, UCC-1 financing statements and any further collateral assignments to the Agent for the benefit of the Lenders. 
 Set-up Fees. Amounts paid by a tenant or licensee under the Leases for installation and other set-up activities performed by a Borrower or an Additional Subsidiary Guarantor. 

Single Purpose Entity. As defined in §7.21. 
 S&P. Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services limited liability company business. 

SPE Entity. Any Person that is an owner of an equity interest in a Borrower which Agent reasonably requires to be a Single
Purpose Entity. 
 Special Member. Upon such Person’s admission to any Borrower or any SPE Entity that is a single
member Delaware limited liability company, a person acting as a Springing Member pursuant to the operating agreement of such Borrower or SPE Entity, in such Person’s capacity as a member of such Borrower or SPE Entity. 

  
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 Springing Member. With respect to any Borrower or any SPE Entity that is a single
member Delaware limited liability company, a Person who is not a member of such Borrower or SPE Entity but who has signed the Entity Agreement of such Borrower or SPE Entity in order that, upon the conditions set forth in such Entity Agreement, such
Person can become a Special Member without any delay in order that at all times such Borrower or SPE Entity shall have at least one member. 
 Stabilized Property. A completed project on which all improvements related to the development of such Real Estate have been substantially completed (excluding tenant/licensee improvements) for
eighteen (18) months, or which has a capitalized value determined in accordance with GAAP that exceeds its book value determined in accordance with GAAP, shall constitute a Stabilized Property. Additionally, Borrowers may elect to designate a
project as a Stabilized Property as provided for in the definition of Development Property. Once a project becomes a Stabilized Property under this Agreement, it shall remain a Stabilized Property. 

State. A state of the United States of America and the District of Columbia. 

Subordination, Attornment and Non-Disturbance Agreement. An agreement, entered into at the request of Agent, among the Agent, a
Borrower and a tenant or licensee under a Lease pursuant to which such tenant or licensee agrees to subordinate its rights under the Lease to the lien or security title of the applicable Mortgage and agrees to recognize the Agent or its successor in
interest as landlord under the Lease in the event of a foreclosure under such Mortgage, and the Agent agrees to not disturb the possession of such tenant or licensee, such agreement to be in form and substance reasonably satisfactory to Agent.

 Subsidiary. For any Person, any corporation, partnership, limited liability company or other entity of which at least
a majority of the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other persons performing similar functions of such corporation, partnership, limited
liability company or other entity (without regard to the occurrence of any contingency) is at the time directly or indirectly owned or controlled by such Person or one or more Subsidiaries of such Person or by such Person and one or more
Subsidiaries of such Person, and shall include all Persons the accounts of which are consolidated with those of such Person pursuant to GAAP. 
 Survey. An instrument survey of each parcel of Mortgaged Property prepared by a registered land surveyor which shall show the location of all buildings, structures, easements and utility lines on
such property, shall be sufficient to remove the standard survey exception from the Title Policy, shall show that all buildings and structures are within the lot lines of the Mortgaged Property and shall not show any encroachments by others (or to
the extent any encroachments are shown, such encroachments shall be acceptable to the Agent in its reasonable discretion), shall show rights of way, adjoining sites, establish building lines and street lines, the distance to and names of the nearest
intersecting streets and such other details as the Agent may reasonably require; and shall show whether or not the Mortgaged Property is located in a flood hazard district as established by the Federal Emergency Management Agency or any successor
agency or is located in any flood plain, flood hazard or wetland protection district established under federal, state or local law and shall otherwise be in form and substance reasonably satisfactory to the Agent. 

  
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 Surveyor Certification. With respect to each parcel of Mortgaged Property, a
certificate executed by the surveyor who prepared the Survey with respect thereto, dated as of a recent date and containing such information relating to such parcel as the Agent or the Title Insurance Company may reasonably require, such certificate
to be reasonably satisfactory to the Agent in form and substance. 
 Taking. The taking or appropriation (including by
deed in lieu of condemnation) of any Mortgaged Property, or any part thereof or interest therein, whether permanently or temporarily, for public or quasi-public use under the power of eminent domain, by reason of any public improvement or
condemnation proceeding, or in any other manner or any damage or injury or diminution in value through condemnation, inverse condemnation or other exercise of the power of eminent domain. 

Title Insurance Company. First American Title Insurance Company and/or any other title insurance company or companies approved by
the Agent and the Borrowers’ Representative. 
 Titled Agents. Each of the Arrangers, and any syndication agent or
documentation agent. 
 Title Policy. With respect to each parcel of Mortgaged Property, an ALTA standard form title
insurance policy (or, if such form is not available, an equivalent, legally promulgated form of mortgagee title insurance policy reasonably acceptable to the Agent) issued by a Title Insurance Company (with such reinsurance as the Agent may
reasonably require, any such reinsurance to be with direct access endorsements to the extent available under applicable law) in an amount as the Agent may reasonably require based upon the fair market value of the applicable Mortgaged Property
insuring the priority of the Mortgage thereon and that a Borrower holds marketable fee simple title or a valid and subsisting leasehold interest to such parcel, subject only to the encumbrances acceptable to Agent in its reasonable discretion and
which shall not contain standard exceptions for mechanics liens, persons in occupancy (other than tenants as tenants only under Leases) or matters which would be shown by a survey, shall not insure over any matter except to the extent that any such
affirmative insurance is acceptable to the Agent in its reasonable discretion, and shall contain (a) a revolving credit endorsement and (b) such other endorsements and affirmative insurance as the Agent may reasonably require and is
available in the State in which the Real Estate is located, including but not limited to (i) a comprehensive endorsement, (ii) a variable rate of interest endorsement, (iii) a usury endorsement, (iv) a doing business endorsement,
(v) an ALTA form 3.1 zoning endorsement, (vi) a “tie-in” endorsement relating to all Title Policies issued by such Title Insurance Company in respect of other Mortgaged Property, (vii) a “first loss” endorsement,
and (viii) a utility facilities endorsement. 
 Total Commitment. The sum of the Commitments of the Lenders, as in
effect from time to time. As of the date of this Agreement, the Total Commitment is Eighty Million and No/100 Dollars ($80,000,000). The Total Commitment may increase in accordance with §2.11. 

  
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 Total Revolving Credit Commitment. The sum of the Revolving Credit Commitments of
the Revolving Credit Lenders, as in effect from time to time. As of the date of this Agreement, the Total Revolving Credit Commitment is Eighty Million and No/100 Dollars ($80,000,000). The Total Revolving Credit Commitment may increase in
accordance with §2.11. 
 Transfer. Any sale, conveyance, assignment, alienation, mortgage, hypothecation,
encumbrance, grant or a lien over or a security interest in, pledge or other transfer. 
 Type. As to any Loan, its
nature as a Base Rate Loan or a LIBOR Rate Loan. 
 Unconsolidated Affiliate. In respect of any Person, any other Person
in whom such Person holds an Investment, (a) which Investment is accounted for in the financial statements of such Person on an equity basis of accounting and whose financial results would not be consolidated under GAAP with the financial
results of such first Person on the consolidated financial statements of such first Person, or (b) which is not a Subsidiary of such first Person. 
 Unhedged Variable Rate Debt. Any Indebtedness with respect to which the interest rate is not fixed or capped (or hedged to a fixed or capped rate) for the entire term of such Indebtedness to
maturity. 
 Unrestricted Cash and Cash Equivalents. As of any date of determination, the sum of (a) the aggregate
amount of Unrestricted cash and (b) the aggregate amount of Unrestricted Cash Equivalents (valued at fair market value). As used in this definition, “Unrestricted” means the specified asset is not subject to any escrow, cash trap,
reserves or Liens or claims of any kind in favor of any Person. 
 Unsecured Debt. Indebtedness of Parent Company and
its Subsidiaries outstanding at any time which is not Secured Debt. 
 Wholly Owned Subsidiary. As to a Person, any
Subsidiary of Parent Company that is directly or indirectly owned 100% by such Person. 
 §1.2 Rules of
Interpretation. 
 (a) A reference to any document or agreement shall include such document or agreement as amended,
modified or supplemented from time to time in accordance with its terms and the terms of this Agreement. 
 (b) The singular
includes the plural and the plural includes the singular. 
 (c) A reference to any law includes any amendment or modification
of such law. 
 (d) A reference to any Person includes its permitted successors and permitted assigns. 

  
 33 

 (e) Accounting terms not otherwise defined herein have the meanings assigned to them by
GAAP applied on a consistent basis by the accounting entity to which they refer. 
 (f) The words “include”,
“includes” and “including” are not limiting. 
 (g) The words “approval” and
“approved”, as the context requires, means an approval in writing given to the party seeking approval after full and fair disclosure to the party giving approval of all material facts necessary in order to determine whether approval should
be granted. 
 (h) All terms not specifically defined herein or by GAAP, which terms are defined in the Uniform Commercial Code
as in effect in the State of Georgia, have the meanings assigned to them therein. 
 (i) Reference to a particular
“§”, refers to that section of this Agreement unless otherwise indicated. 
 (j) The words “herein”,
“hereof”, “hereunder” and words of like import shall refer to this Agreement as a whole and not to any particular section or subdivision of this Agreement. 

(k) In the event of any change in generally accepted accounting principles after the date hereof or any other change in accounting
procedures pursuant to §7.3 which would affect the computation of any financial covenant, ratio or other requirement set forth in any Loan Document, then upon the request of Borrowers, Guarantors or Agent, the Borrowers, the Guarantors, the
Agent and the Lenders shall negotiate promptly, diligently and in good faith in order to amend the provisions of the Loan Documents such that such financial covenant, ratio or other requirement shall continue to provide substantially the same
financial tests or restrictions of the Borrowers and the Guarantors as in effect prior to such accounting change, as determined by the Required Lenders in their good faith judgment. Until such time as such amendment shall have been executed and
delivered by the Borrowers, the Guarantors, the Agent and the Required Lenders, such financial covenants, ratio and other requirements, and all financial statements and other documents required to be delivered under the Loan Documents, shall be
calculated and reported as if such change had not occurred. 
 (l) Notwithstanding any other provision contained herein, all
terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Accounting Standards Codification 825-10-25
(or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of a Borrower or any of its Subsidiaries at “fair value”, as defined
therein, (ii) without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard
having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof and (iii) in a manner such

  
 34 

 
that any obligations relating to a lease that was accounted for by a Person as an operating lease as of the Closing Date and any similar lease entered into after the date of this Agreement by
such Person shall be accounted for as obligations relating to an operating lease under GAAP as in effect on the Closing Date. 
  

	§2.	THE CREDIT FACILITY. 

 §2.1
Revolving Credit Loans. 
 (a) Subject to the terms and conditions set forth in this Agreement, each of the Revolving
Credit Lenders severally agrees to lend to the Borrowers, and the Borrowers may borrow (but may not repay and reborrow amounts repaid other than amounts repaid pursuant to §3.2) from time to time between the Closing Date and the Maturity Date
upon notice by the Borrowers to the Agent given in accordance with §2.7, such sums as are requested by the Borrowers for the purposes set forth in §2.9 up to a maximum aggregate principal amount outstanding (after giving effect to all
amounts requested) at any one time equal to the lesser of (i) such Revolving Credit Lender’s Revolving Credit Commitment and (ii) such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the Borrowing Base
Availability (giving effect to the amount of all Outstanding Revolving Credit Loans); provided, that, in all events the maximum Outstanding principal balance of the Revolving Credit Loans shall not exceed the Borrowing Base Availability; and
provided, further that, in all events no Default or Event of Default shall have occurred and be continuing; and provided, further, that the outstanding principal amount of the Revolving Credit Loans (after giving effect to all amounts requested)
shall not at any time exceed the Total Revolving Credit Commitment or cause a violation of the covenants set forth in §9.1, §9.2 or §9.3. The Revolving Credit Loans shall be made pro rata in accordance with each Revolving Credit
Lender’s Revolving Credit Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrowers that all of the conditions required of Borrowers set forth in §10 and
§11 have been satisfied on the date of such request. The Agent may assume that the conditions in §10 and §11 have been satisfied unless it receives prior written notice from a Revolving Credit Lender that such conditions have not been
satisfied. No Revolving Credit Lender shall have any obligation to make Revolving Credit Loans to Borrowers in the maximum aggregate principal outstanding balance of more than the principal face amount of its Revolving Credit Note. 

(b) The Revolving Credit Loans shall be evidenced by separate promissory notes of the Borrowers in substantially the form of Exhibit A
hereto (collectively, the “Revolving Credit Notes”), dated of even date with this Agreement (except as otherwise provided in §18.3) and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of
each Revolving Credit Lender in the principal amount equal to such Revolving Credit Lender’s Revolving Credit Commitment. The Borrowers irrevocably authorize Agent to make or cause to be made, at or about the time of the Drawdown Date of any
Revolving Credit Loan or the time of receipt of any payment of principal thereof, an appropriate notation on Agent’s Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment. The outstanding
amount of the Revolving Credit Loans set forth on Agent’s Record shall be prima facie evidence of the principal amount thereof owing and unpaid to each Revolving Credit Lender, but the failure to record, or any error in so recording, any such
amount on Agent’s Record shall not limit or otherwise affect the obligations of the Borrowers hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due. 

  
 35 

 §2.2 [Intentionally Omitted]. 

§2.3 Facility Unused Fee. The Borrowers agree to pay to the Agent for the account of the Revolving
Credit Lenders (other than a Defaulting Lender for such period of time as such Lender is a Defaulting Lender) in accordance with their respective Revolving Credit Commitment Percentages a facility unused fee calculated at the rate per annum as set
forth below on the average daily amount by which the Total Revolving Credit Commitment exceeds the outstanding principal amount of Revolving Credit Loans during each calendar quarter or portion thereof commencing on the date hereof and ending on the
Maturity Date. The facility unused fee shall be calculated for each day based on the ratio (expressed as a percentage) of (a) the average daily amount of the outstanding principal amount of the Revolving Credit Loans (other than Revolving
Credit Loans made by a Defaulting Lender) during such quarter to (b) the Total Revolving Credit Commitment (other than Revolving Credit Commitments made by a Defaulting Lender), and if such ratio is less than fifty percent (50%), the facility
unused fee shall be payable at the rate of 0.35%, and if such ratio is equal to or greater than fifty percent (50%), the facility unused fee shall be payable at the rate of 0.25%. The facility unused fee shall be payable quarterly in arrears on the
first (1st) day of each calendar quarter for the
immediately preceding calendar quarter or portion thereof, and on any earlier date on which the Revolving Credit Commitments shall be reduced or shall terminate as provided in §2.4, with a final payment on the Maturity Date. 

§2.4 Termination of the Revolving Credit Commitments. The Borrowers shall have the right at any time and from time to time
upon five (5) Business Days’ prior written notice to the Agent to terminate in full the Total Revolving Commitment. Upon the effective date of any such termination, the Borrowers shall pay to the Agent for the respective accounts of the
Revolving Credit Lenders the full amount of all of the Revolving Credit Loans outstanding on such date, together with all accrued and unpaid interest, additional amounts payable pursuant to §4.8, and any facility fee payable pursuant to
§2.3. Partial reductions of the Revolving Credit Commitments shall not be permitted hereunder. 
 §2.5
[Intentionally Omitted]. 
 §2.6 Interest on Loans. 

(a) Each Revolving Credit Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the
date on which such Revolving Credit Base Rate Loan is repaid or converted to a Revolving Credit LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable Margin for Base Rate Loans. 

(b) Each Revolving Credit LIBOR Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the
last day of each Interest Period with respect thereto at the rate per annum equal to the sum of LIBOR determined for such Interest Period plus the Applicable Margin for LIBOR Rate Loans. 

(c) The Borrowers promise to pay interest on each Loan in arrears on each Interest Payment Date with respect thereto. 

(d) Base Rate Loans and LIBOR Rate Loans may be converted to Loans of the other Type as provided in §4.1. 

  
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 §2.7 Requests for Revolving Credit Loans. Except with respect to the initial
Revolving Credit Loan on the Closing Date, the Borrowers’ Representative shall give to the Agent written notice executed by an Authorized Officer in the form of Exhibit G hereto (or telephonic notice confirmed in writing in the form of
Exhibit G hereto) of each Revolving Credit Loan requested hereunder (a “Loan Request”) by 11:00 a.m. (Atlanta time) one (1) Business Day prior to the proposed Drawdown Date with respect to Revolving Credit Base Rate Loans and
three (3) Business Days prior to the proposed Drawdown Date with respect to Revolving Credit LIBOR Rate Loans. Each such notice shall specify with respect to the requested Revolving Credit Loan the proposed principal amount of such Revolving
Credit Loan, the Type of Revolving Credit Loan, the initial Interest Period (if applicable) for such Revolving Credit Loan and the Drawdown Date. Each such notice shall also contain (i) a general statement as to the purpose for which such
advance shall be used (which purpose shall be in accordance with the terms of §2.9) and (ii) a certification by the chief financial officer or chief accounting officer of Parent Company that the Borrowers and Guarantors are and will be in
compliance with all covenants under the Loan Documents after giving effect to the making and use of such Revolving Credit Loan. Promptly upon receipt of any such notice, the Agent shall notify each of the Revolving Credit Lenders thereof. Each such
Loan Request shall be irrevocable and binding on the Borrowers and shall obligate the Borrowers to accept the Revolving Credit Loan requested from the Revolving Credit Lenders on the proposed Drawdown Date. Nothing herein shall prevent the Borrowers
from seeking recourse against any Revolving Credit Lender that fails to advance its proportionate share of a requested Revolving Credit Loan as required by this Agreement. Each Loan Request shall be (a) for a Revolving Credit Base Rate Loan in
a minimum aggregate amount of $1,000,000.00 or an integral multiple of $100,000.00 in excess thereof; or (b) for a Revolving Credit LIBOR Rate Loan in a minimum aggregate amount of $1,000,000.00 or an integral multiple of $250,000.00 in excess
thereof; provided, however, that there shall be no more than five (5) Revolving Credit LIBOR Rate Loans outstanding at any one time. 
 §2.8 Funds for Loans. 
 (a) Not later than 1:00 p.m. (Atlanta time)
on the proposed Drawdown Date of any Revolving Credit Loans, each of the Revolving Credit Lenders will make available to the Agent, at the Agent’s Head Office, in immediately available funds, the amount of such Lender’s Commitment
Percentage of the amount of the requested Loans which may be disbursed pursuant to §2.1 or §2.2. Upon receipt from each such Revolving Credit Lender of such amount, and upon receipt of the documents required by §10 and §11 and
the satisfaction of the other conditions set forth therein, to the extent applicable, the Agent will make available to the Borrowers the aggregate amount of such Revolving Credit Loans made available to the Agent by the Revolving Credit Lenders at
the account specified by the Borrowers’ Representative in the Loan Request. The failure or refusal of any Revolving Credit Lender to make available to the Agent at the aforesaid time and place on any Drawdown Date of any Revolving Credit Loans
the amount of its Commitment Percentage of the requested Loans shall not relieve any other 

  
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Revolving Credit Lender from its several obligation hereunder to make available to the Agent the amount of such other Lender’s Commitment Percentage of any requested Loans, including any
additional Revolving Credit Loans that may be requested subject to the terms and conditions hereof to provide funds to replace those not advanced by the Lender so failing or refusing. In the event of any such failure or refusal, the Lenders not so
failing or refusing shall be entitled to a priority secured position as against the Lender or Lenders so failing or refusing to make available to the Borrowers the amount of its or their Commitment Percentage for such Loans as provided in
§12.5. 
 (b) Unless the Agent shall have been notified by any Lender prior to the applicable Drawdown Date of any
Revolving Credit Loans that such Lender will not make available to Agent such Lender’s Commitment Percentage of a proposed Loan, Agent may in its discretion assume that such Lender has made such Loan available to Agent in accordance with the
provisions of this Agreement and the Agent may, if it chooses, in reliance upon such assumption make such Loan available to the Borrowers, and such Lender shall be liable to the Agent for the amount of such advance. If such Lender does not pay such
corresponding amount upon the Agent’s demand therefor, the Agent will promptly notify the Borrowers, and the Borrowers shall promptly pay such corresponding amount to the Agent. The Agent shall also be entitled to recover from the Lender or the
Borrowers, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Agent to the Borrowers to the date such corresponding amount is recovered by the Agent at a
per annum rate equal to (i) from the Borrowers at the applicable rate for such Loan or (ii) from a Lender at the Federal Funds Effective Rate. 
 §2.9 Use of Proceeds. The Borrowers will use the proceeds of the Loans solely (a) to pay closing costs in connection with this Agreement, (b) to finance the retrofit of a former
semiconductor fabrication facility into a Data Center Property consisting of four buildings totaling 1.3 million square feet located on the Richmond Property, and (c) repay Loans outstanding under (and as defined in) the Corporate Credit
Agreement. 
 §2.10 [Intentionally Omitted]. 

§2.11 Increase in Total Commitment. 
 (a) Provided that no Default or Event of Default has occurred and is continuing, subject to the terms and conditions set forth in this §2.11, the Borrowers shall have the option at any time and from
time to time before the date that is one (1) year prior to the Maturity Date to request an increase in the Total Revolving Credit Commitment in increments of $5,000,000 by an aggregate amount of increases to the Total Revolving Credit
Commitment of up to $45,000,000 (the amount of the requested increase to be set forth in the Increase Notice) (which, assuming no previous reduction in the Revolving Credit Commitments, would result in a maximum Total Commitment of $125,000,000),
written notice to the Agent (an “Increase Notice”; and the amount of such requested increase is the “Commitment Increase”). The execution and delivery of the Increase Notice by Borrowers shall constitute a representation and
warranty by the Borrowers that all the conditions set forth in this §2.11 shall have been satisfied on the date of such Increase Notice. The Commitment Increase may be allocated (1) to the then existing Revolving Credit Commitments,
(2) as a new revolving tranche having the same terms 

  
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as the then existing Revolving Credit Commitments, or (3) any combination thereof in a manner satisfactory to the Agent, and the existing or additional Revolving Credit Lenders providing
such additional Revolving Credit Commitments. 
 (b) Upon receipt of any Increase Notice, the Agent shall consult with
Arrangers and shall notify the Borrowers of the amount of facility fees to be paid to any Lenders who provide an additional Revolving Credit Commitment, in connection with such increase in the Total Revolving Credit Commitment. If the Borrowers
agree to pay the facility fees so determined, then the Agent shall send a notice to all Revolving Credit Lenders (the “Additional Commitment Request Notice”) informing them of the Borrowers’ request to increase the Total Revolving
Credit Commitment and of the facility fees to be paid with respect thereto. Each Lender who desires to provide an additional Revolving Credit Commitment upon such terms shall provide Agent with a written commitment letter specifying the amount of
the additional Revolving Credit Commitment which it is willing to provide prior to such deadline as may be specified in the Additional Commitment Request Notice. If the requested increase is oversubscribed then the Agent and the Arrangers shall
allocate the Commitment Increase among the Revolving Credit Lenders who provide such commitment letters on such basis as the Agent and the Arrangers shall determine after consultation with Borrowers’ Representative. If the additional Revolving
Credit Commitments so provided are not sufficient to provide the full amount of the Commitment Increase requested by the Borrowers, then the Agent, Arrangers or Borrowers may, but shall not be obligated to, invite one or more banks or lending
institutions (which banks or lending institutions shall be acceptable to Agent, Arrangers and Borrowers’ Representative) to become a Revolving Credit Lender and provide an additional Revolving Credit Commitment. The Agent shall provide all
Revolving Credit Lenders with a notice setting forth the amount, if any, of the additional Revolving Credit Commitment to be provided by each Revolving Credit Lender and the revised Revolving Credit Commitment Percentages which shall be applicable
after the effective date of the Commitment Increase specified therein (the “Increase Date”). In no event shall any Lender be obligated to provide an additional Revolving Credit Commitment. 

(c) On any Increase Date the outstanding principal balance of the Revolving Credit Loans shall be reallocated among the Revolving Credit
Lenders such that after the applicable Increase Date the outstanding principal amount of Revolving Credit Loans owed to each Lender shall be equal to such Lender’s Revolving Credit Commitment Percentage (as in effect after the applicable
Increase Date) of the outstanding principal amount of all Revolving Credit Loans. On any Increase Date those Revolving Credit Lenders whose Revolving Credit Commitment Percentage is increasing shall advance the funds to the Agent and the funds so
advanced shall be distributed among the Revolving Credit Lenders whose Revolving Credit Commitment Percentage is decreasing as necessary to accomplish the required reallocation of the outstanding Revolving Credit Loans. The funds so advanced shall
be Base Rate Loans until converted to LIBOR Rate Loans which are allocated among all Lenders based on their Commitment Percentages. Borrowers further agree to pay the Breakage Costs, if any, resulting from any Commitment Increase. 

(d) Upon the effective date of each increase in the Total Revolving Credit Commitment pursuant to this §2.11, the Agent may
unilaterally revise Schedule 1.1 and the Borrowers shall execute and deliver to the Agent new Revolving Credit Notes for each Lender 

  
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whose Commitment has changed so that the principal amount of such Revolving Credit Lender’s Revolving Credit Note shall equal its Revolving Credit Commitment. The Agent shall deliver such
replacement Revolving Credit Notes to the respective Lenders in exchange for the Revolving Credit Notes replaced thereby which shall be surrendered by such Lenders. Such new Revolving Credit Notes shall provide that they are replacements for the
surrendered Revolving Credit Notes and that they do not constitute a novation, shall be dated as of the Increase Date and shall otherwise be in substantially the form of the replaced Revolving Credit Notes. Within five (5) days of issuance of
any new Revolving Credit Notes pursuant to this §2.11(d), if required by the Agent, the Borrowers shall deliver an opinion of counsel, addressed to the Lenders and the Agent, relating to the due authorization, execution and delivery of such new
Revolving Credit Notes and the enforceability thereof, in form and substance substantially similar to the opinion delivered in connection with the first disbursement under this Agreement. The surrendered Revolving Credit Notes shall be canceled and
returned to the Borrowers. 
 (e) Notwithstanding anything to the contrary contained herein, the obligation of the Agent and
the Revolving Credit Lenders to increase the Total Revolving Credit Commitment pursuant to this §2.11 shall be conditioned upon satisfaction of the following conditions precedent which must be satisfied prior to the effectiveness of any
increase of the Total Revolving Credit Commitment: 
 (i) Payment of Activation Fee. The Borrowers shall pay (A) to the
Agent those fees described in and contemplated by the Agreement Regarding Fees with respect to the applicable Commitment Increase, and (B) to Regions Capital Markets, in its capacity as an Arranger, such facility fees as the Revolving Credit
Lenders who are providing an additional Commitment may require to increase the aggregate Revolving Credit Commitment which fees shall, when paid, be fully earned and non-refundable under any circumstances. Regions Capital Markets, in its capacity as
an Arranger, shall pay to the Lenders acquiring the applicable Commitment Increase certain fees pursuant to their separate agreement; and 
 (ii) No Default. On the date any Increase Notice is given and on the date such increase becomes effective, both immediately before and after the Total Revolving Credit Commitment is increased, there shall
exist no Default or Event of Default; and 
 (iii) Representations True. The representations and warranties made by the
Borrowers and the Guarantors in the Loan Documents or otherwise made by or on behalf of the Borrowers or the Guarantors in connection therewith or after the date thereof shall have been true and correct in all material respects when made and shall
also be true and correct in all material respects (except to the extent that any representation and warranty that is qualified by materiality shall be true and correct in all respects) on the date of such Increase Notice and on the date the Total
Revolving Credit Commitment is increased, both immediately before and after the Total Revolving Credit Commitment is increased, except that if any representation and warranty is as of a specified date, such representation and warranty shall be true
and correct in all material respects as of such date; and 
 (iv) Additional Documents and Expenses. The Borrowers and the
Guarantors shall execute and deliver to Agent and the Lenders such additional documents (including, without limitation, amendments to the Security Documents), instruments, 

  
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certifications and opinions as the Agent may reasonably require in its sole and absolute discretion, including, without limitation, a Compliance Certificate, demonstrating compliance with all
covenants, representations and warranties set forth in the Loan Documents after giving effect to the increase, and the Borrowers and the Guarantors shall pay the cost of any mortgagee’s title insurance policy or any endorsement or update
thereto or any updated UCC searches, all recording costs and fees, and any and all intangible taxes or other documentary or mortgage taxes, assessments or charges or any similar fees, taxes or expenses which are demanded in connection with such
increase; and 
 (v) Other. The Borrowers and the Guarantors shall satisfy such other conditions to such increase as Agent may
require in its reasonable discretion. 
 §2.12 [Intentionally Omitted]. 

§2.13 Termination of Agreement. This Agreement shall terminate at such time as (a) all of the Commitments have been
terminated, (b) none of the Lenders is obligated any longer under this Agreement to make any Loans and (c) all Obligations (other than obligations which survive as provided in the following proviso and as set forth in Section 15 and
Section 16) and Hedge Obligations have been paid and satisfied in full. 
 §2.14 Defaulting Lenders.

 (a) If for any reason any Lender shall be a Defaulting Lender, then, in addition to the rights and remedies that may be
available to the Agent or the Borrowers under this Agreement or applicable law, except as otherwise provided under §27, such Defaulting Lender’s right to participate in the administration of the Loans, this Agreement and the other Loan
Documents, including without limitation, any right to vote in respect of, to consent to or to direct any action or inaction of the Agent or to be taken into account in the calculation of the Required Lenders or all of the Lenders, shall be suspended
during the pendency of such failure or refusal. If a Lender is a Defaulting Lender because it has failed to make timely payment to the Agent of any amount required to be paid to the Agent hereunder (without giving effect to any notice or cure
periods), in addition to other rights and remedies which the Agent or the Borrowers may have under the immediately preceding provisions or otherwise, the Agent shall be entitled (i) to collect interest from such Defaulting Lender on such
delinquent payment for the period from the date on which the payment was due until the date on which the payment is made at the Federal Funds Rate, (ii) to withhold or setoff and to apply in satisfaction of the defaulted payment and any related
interest, any amounts otherwise payable to such Defaulting Lender under this Agreement or any other Loan Document and (iii) to bring an action or suit against such Defaulting Lender in a court of competent jurisdiction to recover the defaulted
amount and any related interest. Any amounts received by the Agent in respect of a Defaulting Lender’s Loans shall be applied as set forth in §2.14(d). Notwithstanding anything else provided herein or otherwise, no limitation on such
Defaulting Lender’s right to participate in the administration of the Loans shall mean or be deemed to limit or otherwise impair, such Defaulting Lender’s right to attend, but not participate or vote (except as otherwise provided under
§27), in any bank meeting or to request or receive any information in connection with or as provided under any of the Loan Documents. 

  
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 (b) Any Non-Defaulting Lender may, but shall not be obligated, in its sole discretion, to
acquire all or a portion of a Defaulting Lender’s Commitment at par. Any Lender desiring to exercise such right shall give written notice thereof to the Agent and the Borrowers no sooner than two (2) Business Days and not later than five
(5) Business Days after such Defaulting Lender became a Defaulting Lender. If more than one Lender exercises such right, each such Lender shall have the right to acquire an amount of such Defaulting Lender’s Commitment in proportion to the
Commitments of the other Lenders exercising such right. If after such fifth (5th) Business Day, the Lenders have not elected to purchase all of the Commitment of such Defaulting Lender, then the Borrowers (so long as no Default or Event of
Default exists) or the Required Lenders may, by giving written notice thereof to the Agent, such Defaulting Lender and the other Lenders, demand (but shall have no obligation to so demand) that such Defaulting Lender assign its Commitment to an
eligible assignee subject to and in accordance with the provisions of §18.1 for the purchase price provided for below and upon any such demand such Defaulting Lender shall comply with such demand and shall consummate such assignment (subject to
and in accordance with the provisions of §18.1). No party hereto shall have any obligation whatsoever to initiate any such replacement or to assist in finding an eligible assignee. Upon any such purchase or assignment, and any such demand with
respect to which the conditions specified in §18.1 have been satisfied, the Defaulting Lender’s interest in the Loans and its rights hereunder (but not its liability in respect thereof or under the Loan Documents or this Agreement to the
extent the same relate to the period prior to the effective date of the purchase) shall terminate on the date of purchase, and the Defaulting Lender shall promptly execute all documents reasonably requested to surrender and transfer such interest to
the purchaser or assignee thereof, including an appropriate Assignment and Acceptance Agreement. The purchase price for the Commitment of a Defaulting Lender shall be equal to the amount of the principal balance of the Loans outstanding and owed by
the Borrowers to the Defaulting Lender plus any accrued but unpaid interest thereon and accrued but unpaid fees. Prior to payment of such purchase price to a Defaulting Lender, the Agent shall apply against such purchase price any amounts retained
by the Agent pursuant to §2.14(d). 
 (c) [Intentionally Omitted]. 

(d) Any payment of principal, interest, fees or other amounts received by the Agent for the account of such Defaulting Lender (whether
voluntary or mandatory, at maturity, or otherwise, and including any amounts made available to the Agent for the account of such Defaulting Lender pursuant to §13), shall be applied at such time or times as may be determined by the Agent as
follows: first, to the payment of any amounts owing by such Defaulting Lender to the Agent hereunder; second, as the Borrowers may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of
which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Agent; third, if so determined by the Agent and the Borrowers, to be held in a non-interest bearing deposit account and
released pro rata in order to satisfy obligations of such Defaulting Lender to fund Loans; fourth, to the payment of any amounts owing to the Agent or the Lenders as a result of any judgment of a court of competent jurisdiction obtained by
the Agent or any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Default or Event of Default exists, to the payment of any amounts owing
to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by the Borrowers against such Defaulting Lender as a result of such Defaulting Lender’s breach 

  
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of its obligations under this Agreement; and sixth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (i) such payment is a
payment of the principal amount of any Loans in respect of which such Defaulting Lender has not fully funded its appropriate share and (ii) such Loans were made at a time when the conditions set forth in §10 and §11, to the extent
required by this Agreement, were satisfied or waived, such payment shall be applied solely to pay the Loans of all Non-Defaulting Lenders on a pro rata basis until such time as all Loans are held by the Lenders pro rata in accordance with their
Revolving Credit Commitment Percentages prior to being applied to the payment of any Loans of such Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by
a Defaulting Lender pursuant to this §2.14(d) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto, and to the extent allocated to the repayment of principal of the Loan, shall not be
considered outstanding principal under this Agreement. 
 (e) [Intentionally Omitted]. 

(f) (i) Each Revolving Credit Lender that is a Defaulting Lender shall not be entitled to receive, and the Borrowers shall not be
required to pay, any facility unused fee pursuant to §2.3 for any period during which that Revolving Credit Lender is a Defaulting Lender. 
 (ii) [Intentionally Omitted]. 
 (iii) [Intentionally Omitted].

 (g) If the Borrowers (so long as no Default or Event of Default exists) and the Agent agree in writing in their sole
discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Agent will so notify the parties hereto, whereupon as of the date specified in such notice and subject to any conditions set forth therein (which may
include arrangements with respect to any cash collateral), that Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or take such other actions as the Agent may determine to be necessary to cause the
Loans to be held on a pro rata basis by the Lenders in accordance with their Commitments, whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments
made by or on behalf of the Borrowers while such Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will
constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender. 
 §2.15 Extension of the Maturity Date. The Borrowers shall have the right, exercisable one time, to extend the Maturity Date by one year. To exercise such right the Borrowers’
Representative shall execute and deliver a written request (the “Extension Request”) to the Agent at least forty-five (45) days but not more than ninety (90) days prior to the Maturity Date. The Agent shall forward to each Lender
a copy of the Extension Request delivered to the Agent promptly upon receipt thereof. Subject to satisfaction of the following conditions, the Maturity Date shall be extended for one year effective upon receipt by the Agent of the 

  
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Extension Request and payment of the fee referred to in the following clause (z): (w) immediately prior to such extension and immediately after giving effect thereto, (A) no
Default or Event of Default shall exist, and (B) the representations and warranties made or deemed made by each of the Borrowers and the Guarantors in any Loan Document to which such Person is a party shall be true and correct in all material
respects (except to the extent that any representation and warranty that is qualified by materiality shall be true and correct in all respects) on the effective date of such extension, except to the extent such representation and warranty is as of a
specific date in which case such representation and warranty shall be true and correct in all material respects (except to the extent that any representation and warranty that is qualified by materiality shall be true and correct in all respects) as
of such earlier date and except to the extent of changes resulting from transactions permitted by the Loan Documents, (x) Agent’s receipt of evidence reasonably satisfactory to it that each Title Policy continues to be effective upon the
extension of the Maturity Date, including receipt of any endorsement to each Title Policy required for the continued effectiveness of such Title Policy, (y) Agent shall have obtained an Appraisal of each Mortgaged Property, which Appraisals
shall have been issued no more than six (6) months prior to the Maturity Date and reviewed and approved by the appraisal department of the Agent and (z) the Borrowers shall have paid to the Agent for the account of each Lender an extension
fee in an amount equal to one quarter of one percent (0.25%) of such Lender’s Commitment (whether or not utilized) and to the Agent all reasonable out-of-pocket costs of the Appraisals. At any time prior to the effectiveness of any such
extension, upon the Agent’s request, the Borrowers’ Representative shall deliver to the Agent a certificate from the chief financial officer or accounting officer of the Borrowers’ Representative certifying the matters referred to in
the immediately preceding clauses (w)(A) and (w)(B). 
  

	§3.	REPAYMENT OF THE LOANS. 

§3.1 Stated Maturity. The Borrowers promise to pay on the Maturity Date and there shall become absolutely due and payable on
the Maturity Date all of the Revolving Credit Loans outstanding on such date, together with any and all accrued and unpaid interest thereon. 
 §3.2 Mandatory Prepayments. If at any time the sum of the aggregate outstanding principal amount of the Revolving Credit Loans exceeds (a) the Total Revolving Credit Commitment or
(b) the Borrowing Base Availability (giving effect to the amount of all Outstanding Revolving Credit Loans), then the Borrowers shall, within five (5) Business Days of such occurrence pay the amount of such excess to the Agent for the
respective accounts of the Revolving Credit Lenders, as applicable, for application to the Revolving Credit Loans as provided in §3.4, together with any additional amounts payable pursuant to §4.8. In the event there shall have occurred a
casualty with respect to any Mortgaged Property and the Borrowers are required to repay the Loans pursuant to §7.7 or a Taking and the Borrowers are required to repay the Loans pursuant to §7.7, the Borrowers shall prepay the Loans
concurrently with the date of receipt by such Borrower or the Agent of any Insurance Proceeds or Condemnation Proceeds in respect of such casualty or Taking, as applicable, or as soon thereafter as is reasonably practicable, in the amount required
pursuant to the relevant provisions of §7.7. 

  
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 §3.3 Optional Prepayments. 

(a) The Borrowers shall have the right, at their election, to prepay the outstanding amount of the Revolving Credit Loans in whole, but
not in part, at any time without penalty or premium so long as all Revolving Credit Commitments are terminated in full concurrently with such prepayment; provided, that if any prepayment of the outstanding amount of any Revolving Credit LIBOR Rate
Loans pursuant to this §3.3 is made on a date that is not the last day of the Interest Period relating thereto, such prepayment shall be accompanied by the payment of any amounts due pursuant to §4.8. 

(b) [Intentionally Omitted]. 
 (c) The Borrowers shall give the Agent, no later than 10:00 a.m. (Atlanta time) at least three (3) days’ prior written notice of any prepayment pursuant to this §3.3 of LIBOR Rate Loans
unless a shorter notice period is agreed to in writing by the Agent, and one Business Days’ prior written notice of any prepayment pursuant to this §3.3 of Base Rate Loans, in each case specifying the proposed date of prepayment of the
Loans and the principal amount to be prepaid (provided that any such notice may be revoked or modified upon one (1) day’s prior notice to the Agent). 
 §3.4 Application of Prepayments. Each prepayment of the Loans under §3.3 shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each
partial payment under §3.2 shall be applied first to the principal of Base Rate Loans, and then to the principal of LIBOR Rate Loans. 
 §3.5 [Intentionally Omitted]. 
 §3.6 Effect of
Prepayments. Amounts of the Revolving Credit Loans prepaid under §3.2 prior to the Maturity Date may be reborrowed as provided in §2. 
  

	§4.	CERTAIN GENERAL PROVISIONS. 

§4.1 Conversion Options. 
 (a) The Borrowers may elect from time to time to convert any of its outstanding Revolving Credit Loans to a Revolving Credit Loan of another Type and such Revolving Credit Loans shall thereafter bear
interest as a Base Rate Loan or a LIBOR Rate Loan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Loan to a Base Rate Loan, the Borrowers’ Representative shall give the Agent at least one
(1) Business Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan
to a LIBOR Rate Loan, the Borrowers’ Representative shall give the Agent at least three (3) LIBOR Business Days’ prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan
so converted shall be in a minimum aggregate amount of $1,000,000.00 or an integral multiple of $250,000.00 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five (5) Revolving Credit LIBOR Rate
Loans outstanding at any one time; and (iii) no Loan may be converted into a LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Revolving Credit Loans of any Type may be
converted as provided herein, provided that no partial conversion shall result in a Revolving Credit Base Rate Loan in a principal amount of less than $1,000,000.00 or an integral multiple of 

  
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$100,000.00 or a Revolving Credit LIBOR Rate Loan in a principal amount of less than $1,000,000.00 or an integral multiple of $250,000.00. On the date on which such conversion is being made, each
Lender shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion/Continuation Request relating to the conversion of a
Base Rate Loan to a LIBOR Rate Loan shall be irrevocable by the Borrowers. 
 (b) Any LIBOR Rate Loan may be continued as such
Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers with the terms of §4.1; provided that no LIBOR Rate Loan may be continued as such when any Default or Event of Default has occurred and is
continuing, but shall be automatically converted to a Base Rate Loan on the last day of the Interest Period relating thereto ending during the continuance of any Default or Event of Default. 

(c) In the event that the Borrowers do not notify the Agent of their election hereunder with respect to any LIBOR Rate Loan, such Loan
shall be automatically continued at the end of the applicable Interest Period as a LIBOR Rate Loan for an Interest Period of one month unless such Interest Period shall be greater than the time remaining until the Maturity Date, in which case such
Loan shall be automatically converted to a Base Rate Loan at the end of the applicable Interest Period. 
 §4.2
Fees. The Borrowers and the Guarantors agree to pay to Regions and Agent for their own account certain fees for services rendered or to be rendered in connection with the Loans as provided pursuant to that certain fee letter dated as of
December 19, 2012 among QIPR, Regions, Bank of America, N.A., Regions Capital Markets and Merrill Lynch, Pierce, Fenner & Smith Incorporated (the “Agreement Regarding Fees”). Borrowers hereby assume all obligations of QIPR
under the Agreement Regarding Fees. All such fees shall be fully earned when paid and nonrefundable under any circumstances. 

§4.3 Agent Fee. The Borrowers shall pay to the Agent, for the Agent’s own account, a non-refundable Agent’s
administrative fee pursuant to that certain agency fee letter dated as of December 19, 2012, between QIPR, Regions, and Regions Capital Markets. The Agent’s fee shall be payable upon the Closing Date and on each annual anniversary date
thereof until the termination of the Commitment and the indefeasible repayment in full and satisfaction of the Obligations and Hedge Obligations. 
 §4.4 Funds for Payments. 
 (a) All payments of principal, interest,
facility fees, closing fees and any other amounts due hereunder or under any of the other Loan Documents shall be made to the Agent, for the respective accounts of the Lenders and the Agent, as the case may be, at the Agent’s Head Office, not
later than 2:00 p.m. (Atlanta time) on the day when due, in each case in lawful money of the United States in immediately available funds. The Agent is hereby authorized to charge the accounts of the Borrowers with Regions, on the dates when the
amount thereof shall become due and payable, with the amounts of the principal of and interest on the Loans and all fees, charges, expenses and other amounts owing to the Agent and/or the Lenders under the Loan Documents. Subject to the foregoing,
all payments made to Agent on behalf of the Lenders, and actually received by Agent, shall be deemed received by the Lenders on the date actually received by Agent. 

  
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 (b) All payments by the Borrowers hereunder and under any of the other Loan Documents shall
be made without setoff or counterclaim and free and clear of and without deduction for any taxes (other than (i) income or franchise taxes imposed on any Lender and (ii) U.S. federal taxes imposed by reason of a Lender’s failure to
comply with the requirements of FATCA to establish that such payment is exempt from withholding tax thereunder), levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or
hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrowers are compelled by law to make such deduction or withholding. If any such obligation is imposed upon the
Borrowers with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrowers will pay to the Agent, for the account of the Lenders or (as the case may be) the Agent, on the date on which such amount is due and
payable hereunder or under such other Loan Document, such additional amount in Dollars as shall be necessary to enable the Lenders or the Agent to receive the same net amount which the Lenders or the Agent would have received on such due date had no
such obligation been imposed upon the Borrowers. The Borrowers will deliver promptly to the Agent certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrowers hereunder or
under any other Loan Document. 
 (c) Each Lender organized under the laws of a jurisdiction outside the United States, if
requested in writing by the Borrowers (but only so long as such Lender remains lawfully able to do so), shall provide the Borrowers with such duly executed form(s) or statement(s) which may, from time to time, be prescribed by law and, which,
pursuant to applicable provisions of (i) an income tax treaty between the United States and the country of residence of such Lender, (ii) the Code, or (iii) any applicable rules or regulations in effect under (i) or
(ii) above, indicates the withholding status of such Lender; provided that nothing herein (including without limitation the failure or inability to provide such form or statement) shall relieve the Borrowers of their obligations under
§4.4(b). In the event that the Borrowers shall have delivered the certificates or vouchers described above for any payments made by the Borrowers and such Lender receives a refund of any taxes paid by the Borrowers pursuant to §4.4(b),
such Lender will pay to the Borrowers the amount of such refund promptly upon receipt thereof; provided that if at any time thereafter such Lender is required to return such refund, the Borrowers shall promptly repay to such Lender the amount of
such refund. Without limitation of the foregoing, if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting
requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrowers and the Agent at the time or times prescribed by law and at such time or times reasonably
requested by the Borrowers or the Agent such documentation prescribed by applicable law (including as prescribed by Sections 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrowers or the Agent as may be
necessary for the Borrowers and the Agent to comply with their obligations under FATCA and to determine that such Lender has or has not complied with such Lender’s obligations under FATCA or, as necessary, to determine the amount to deduct and
withhold from such payment. 
 (d) The obligations of the Borrowers to the Lenders under this Agreement shall be absolute,
unconditional and irrevocable, and shall be paid and performed strictly in accordance with the terms of this Agreement, under all circumstances whatsoever, including, without limitation, the following circumstances: (i) any lack of validity or
enforceability of this Agreement or any of the other Loan Documents; (ii) the existence of any claim, set-off, defense or any right which the Borrowers or any of their Subsidiaries or Affiliates may have at any time against any Lender (other
than the defense of payment to the Lenders in accordance with the terms of this Agreement) or any other person, whether in connection with this Agreement, any other Loan Document, or any unrelated transaction; (iii) the surrender or impairment
of any security for the performance or observance of any of the terms of any of the Loan Documents; (iv) the occurrence of any Default or Event of Default; and (v) any other circumstance or happening whatsoever, whether or not similar to
any of the foregoing. 

  
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 §4.5 Computations. All computations of interest on the Loans and of other fees
to the extent applicable shall be based on a 360-day year (or a 365 day year in the case of Base Rate Loans) and paid for the actual number of days elapsed. Except as otherwise provided in the definition of
the term “Interest Period” with respect to LIBOR Rate Loans, whenever a payment hereunder or under any of the other Loan Documents becomes due on a day that is not a Business Day, the due date for such payment shall be extended to the next
succeeding Business Day, and interest shall accrue during such extension. The Outstanding Loans as reflected on the records of the Agent from time to time shall be considered prima facie evidence of such amount absent manifest error. 

§4.6 Suspension of LIBOR Rate Loans. In the event that, prior to the commencement of any Interest Period relating to any
LIBOR Rate Loan, the Agent shall determine that adequate and reasonable methods do not exist for ascertaining LIBOR for such Interest Period, or the Agent shall reasonably determine that LIBOR will not accurately and fairly reflect the cost of the
Lenders making or maintaining LIBOR Rate Loans for such Interest Period, the Agent shall forthwith give notice of such determination (which shall be conclusive and binding on the Borrowers and the Lenders absent manifest error) to the Borrowers and
the Lenders. In such event (a) any Loan Request with respect to a LIBOR Rate Loan shall be automatically withdrawn and shall be deemed a request for a Base Rate Loan and (b) each LIBOR Rate Loan will automatically, on the last day of the
then current Interest Period applicable thereto, become a Base Rate Loan, and the obligations of the Lenders to make LIBOR Rate Loans shall be suspended until the Agent determines that the circumstances giving rise to such suspension no longer
exist, whereupon the Agent shall so notify the Borrowers and the Lenders. 
 §4.7 Illegality. Notwithstanding any
other provisions herein, if any present or future law, regulation, treaty or directive or the interpretation or application thereof shall make it unlawful, or any central bank or other governmental authority having jurisdiction over a Lender or its
LIBOR Lending Office shall assert that it is unlawful, for any Lender to make or maintain LIBOR Rate Loans, such Lender shall forthwith give notice of such circumstances to the Agent and the Borrowers and thereupon (a) the commitment of the
Lenders to make LIBOR Rate Loans shall forthwith be suspended and (b) the LIBOR Rate Loans then outstanding shall be converted automatically to Base Rate Loans on the last day of each Interest Period applicable to such LIBOR Rate Loans or
within such earlier period as may be required by law. Notwithstanding 

  
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the foregoing, before giving such notice, the applicable Lender shall designate a different lending office if such designation will void the need for giving such notice and will not, in the
judgment of such Lender, be otherwise materially disadvantageous to such Lender or increase any costs payable by Borrowers hereunder. 
 §4.8 Additional Interest. If any LIBOR Rate Loan or any portion thereof is repaid or is converted to a Base Rate Loan for any reason on a date which is prior to the last day of the Interest
Period applicable to such LIBOR Rate Loan, or if repayment of the Loans has been accelerated as provided in §12.1, the Borrowers will pay to the Agent upon demand for the account of the applicable Lenders in accordance with their respective
Commitment Percentages, in addition to any amounts of interest otherwise payable hereunder, the Breakage Costs. Borrowers understand, agree and acknowledge the following: (i) no Lender has any obligation to purchase, sell and/or match funds in
connection with the use of LIBOR as a basis for calculating the rate of interest on a LIBOR Rate Loan; (ii) LIBOR is used merely as a reference in determining such rate; and (iii) Borrowers have accepted LIBOR as a reasonable and fair
basis for calculating such rate and any Breakage Costs. Borrowers further agree to pay the Breakage Costs, if any, whether or not a Lender elects to purchase, sell and/or match funds. 

§4.9 Additional Costs, Etc. Notwithstanding anything herein to the contrary, if any present or future applicable law, which
expression, as used herein, includes statutes, rules and regulations thereunder and interpretations thereof by any Governmental Authority charged with the administration or the interpretation thereof and requests, directives, instructions and
notices at any time or from time to time hereafter made upon or otherwise issued to any Lender or the Agent by any Governmental Authority (whether or not having the force of law), shall: 

(a) subject any Lender or the Agent to any tax, levy, impost, duty, charge, fee, deduction or withholding of any nature with respect to
this Agreement, the other Loan Documents, such Lender’s Commitment or the Loans (other than taxes based upon or measured by the gross receipts, income or profits of such Lender or the Agent or its franchise tax), or 

(b) materially change the basis of taxation (except for changes in taxes on gross receipts, income or profits or its franchise tax) of
payments to any Lender of the principal of or the interest on any Loans or any other amounts payable to any Lender under this Agreement or the other Loan Documents, or 
 (c) impose or increase or render applicable any special deposit, compulsory loan, insurance charge, reserve, assessment, liquidity, capital adequacy or other similar requirements (whether or not having
the force of law and which are not already reflected in any amounts payable by Borrowers hereunder) against assets held by, or deposits in or for the account of, or loans by, or commitments of an office of any Lender, or 

(d) impose on any Lender or the Agent any other conditions, cost, expense or requirements with respect to this Agreement, the other Loan
Documents, the Loans, such Lender’s Commitment or any class of loans or commitments of which any of the Loans or such Lender’s Commitment forms a part; and the result of any of the foregoing is: 

(i) to increase the cost to any Lender of making, funding, issuing, renewing, extending, continuing, converting or maintaining any of
the Loans or such Lender’s Commitment, or 

  
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 (ii) to reduce the amount of principal, interest or other amount payable to any Lender or
the Agent hereunder on account of such Lender’s Commitment or any of the Loans, or 
 (iii) to require any Lender or the
Agent to make any payment or to forego any interest or other sum payable hereunder, the amount of which payment or foregone interest or other sum is calculated by reference to the gross amount of any sum receivable or deemed received by such Lender
or the Agent from the Borrowers hereunder, then, and in each such case, the Borrowers will, within fifteen (15) days of demand made by such Lender or (as the case may be) the Agent at any time and from time to time and as often as the occasion
therefor may arise, pay to such Lender or the Agent such additional amounts as such Lender or the Agent shall determine in good faith to be sufficient to compensate such Lender or the Agent for such additional cost, reduction, payment or foregone
interest or other sum. Each Lender and the Agent in determining such amounts may use any reasonable averaging and attribution methods generally applied by such Lender or the Agent. Each of Borrowers’ obligations under this §4.9 shall
survive the resignation or replacement of the Agent or any assignment of rights, by or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all of the Obligations and the Hedge Obligations.
Notwithstanding the foregoing, Borrowers shall not be required to compensate any Lender pursuant to this §4.9 for any increased costs or reductions incurred more than 180 days prior to the date of such Lender’s demand. 

Notwithstanding anything herein to the contrary, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules
guidelines or directives thereunder or issued in connection therewith and all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (including, without limitation,
or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a change in law, rule, regulation or guidelines or the interpretation thereof for
the purposes of this Section regardless of the date enacted, adopted or issued. 
 §4.10 Capital Adequacy. If after
the date hereof any Lender determines that (a) the adoption of or change in any law, rule, regulation or guideline regarding capital or liquidity (including, without limitation, on account of Basel III) requirements for banks or bank holding
companies or any change in the interpretation or application thereof by any Governmental Authority charged with the administration thereof, or (b) compliance by such Lender or its parent bank holding company with any guideline, request or
directive of any such entity regarding capital adequacy or liquidity requirements (whether or not having the force of law), has the effect of reducing the return on such Lender’s or such holding company’s capital as a consequence of such
Lender’s commitment to make Loans hereunder to a level below that which such Lender or holding company could have achieved but for such adoption, change or compliance (taking into consideration such Lender’s or such holding company’s
then existing policies with respect to capital adequacy or liquidity position and assuming the full utilization of such entity’s capital) by any amount deemed by such Lender to be material, then such Lender may notify the Borrowers

  
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thereof. The Borrowers agree to pay to such Lender the amount of such reduction in the return on capital as and when such reduction is determined, upon presentation by such Lender of a statement
of the amount setting forth the Lender’s calculation thereof. In determining such amount, such Lender may use any reasonable averaging and attribution methods generally applied by such Lender. Each of Borrowers’ obligations under this
§4.10 shall survive the resignation or replacement of the Agent or any assignment of rights, by or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all of the Obligations and Hedge
Obligations. Notwithstanding the foregoing, Borrowers shall not be required to compensate any Lender pursuant to this §4.10 for any such amounts incurred more than 180 days prior to the date of such Lender’s demand. Notwithstanding
anything herein to the contrary, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules guidelines or directives thereunder or issued in connection therewith and all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed
to be a change in law, rule, regulation or guidelines or the interpretation thereof for the purposes of this Section regardless of the date enacted, adopted or issued. 
 §4.11 Breakage Costs. Borrowers shall pay all Breakage Costs required to be paid by them pursuant to this Agreement and incurred from time to time by any Lender upon demand within fifteen
(15) days from receipt of written notice from Agent, or such earlier date as may be required by this Agreement. 

§4.12 Default Interest. Following the occurrence and during the continuance of any Event of Default, and regardless of
whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all principal of the Loans and, to the extent permitted by applicable law, overdue installments of interest, shall bear interest payable on demand at a rate
per annum equal to two percent (2.0%) above an amount equal to the sum of the Base Rate plus the Applicable Margin (the “Default Rate”), until such amount shall be paid in full (after as well as before judgment), or if such amount
shall exceed the maximum rate permitted by law, then at the maximum rate permitted by law. 
 §4.13 Certificate. A
certificate setting forth any amounts payable pursuant to §4.8, §4.9, §4.10, §4.11 or §4.12 and a reasonably detailed explanation of such amounts which are due, submitted by any Lender or the Agent to the Borrowers, shall be
conclusive in the absence of manifest error. 
 §4.14 Limitation on Interest. Notwithstanding anything in this
Agreement or the other Loan Documents to the contrary, all agreements between or among the Borrowers, the Lenders and the Agent, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no contingency,
whether by reason of acceleration of the maturity of any of the Obligations or otherwise, shall the interest contracted for, charged or received by the Lenders exceed the maximum amount permissible under applicable law. If, from any circumstance
whatsoever, interest would otherwise be payable to the Lenders in excess of the maximum lawful amount, the interest payable to the Lenders shall be reduced to the maximum amount permitted under applicable law; and if from any circumstance the
Lenders shall ever receive anything of value deemed interest by applicable law in excess of the maximum lawful 

  
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amount, an amount equal to any excessive interest shall be applied to the reduction of the principal balance of the Obligations and to the payment of interest or, if such excessive interest
exceeds the unpaid balance of principal of the Obligations, such excess shall be refunded to the Borrowers. All interest paid or agreed to be paid to the Lenders shall, to the extent permitted by applicable law, be amortized, prorated, allocated and
spread throughout the full period until payment in full of the principal of the Obligations (including the period of any renewal or extension thereof) so that the interest thereon for such full period shall not exceed the maximum amount permitted by
applicable law. This Section shall control all agreements between or among the Borrowers, the Lenders and the Agent. 

§4.15 Certain Provisions Relating to Increased Costs and Non-Funding Lenders. If a Lender gives notice of the existence of
the circumstances set forth in §4.7 or any Lender requests compensation for any losses or costs to be reimbursed pursuant to any one or more of the provisions of §4.4(b) (as a result of the imposition of U.S. withholding taxes on amounts
paid to such Lender under this Agreement), §4.9 or §4.10, then, upon request of Borrowers, such Lender, as applicable, shall use reasonable efforts in a manner consistent with such institution’s practice in connection with loans like
the Loan of such Lender to eliminate, mitigate or reduce amounts that would otherwise be payable by Borrowers under the foregoing provisions, provided that such action would not be otherwise prejudicial to such Lender, including, without
limitation, by designating another of such Lender’s offices, branches or affiliates; the Borrowers agreeing to pay all reasonably incurred costs and expenses incurred by such Lender in connection with any such action. Notwithstanding anything
to the contrary contained herein, if no Default or Event of Default shall have occurred and be continuing, and if any Lender (a) has given notice of the existence of the circumstances set forth in §4.7 or has requested payment or
compensation for any losses or costs to be reimbursed pursuant to any one or more of the provisions of §4.4(b) (as a result of the imposition of U.S. withholding taxes on amounts paid to such Lender under this Agreement), §4.9 or
§4.10 and following the request of Borrowers has been unable to take the steps described above to mitigate such amounts (each, an “Affected Lender”) or (b) has failed to make available to Agent its pro rata share of any Loan and
such failure has not been cured (a “Non-Funding Lender”), then, within thirty (30) days after such notice or request for payment or compensation or failure to fund, as applicable, Borrowers shall have the one-time right as to such
Affected Lender or Non-Funding Lender, as applicable, to be exercised by delivery of written notice delivered to the Agent and the Affected Lender or Non-Funding Lender, as applicable, within thirty (30) days of receipt of such notice or
failure to fund, as applicable, to elect to cause the Affected Lender or Non-Funding Lender, as applicable, to transfer its Commitment. The Agent shall promptly notify the remaining Lenders that each of such Lenders shall have the right, but not the
obligation, to acquire a portion of the Commitment, pro rata based upon their relevant Commitment Percentages, of the Affected Lender or Non-Funding Lender, as applicable (or if any of such Lenders does not elect to purchase its pro rata share, then
to such remaining Lenders in such proportion as approved by the Agent after consultation with the Borrowers’ Representative so long as no Default or Event of Default exists thereunder). In the event that the Lenders do not elect to acquire all
of the Affected Lender’s or Non-Funding Lender’s Commitment, then the Agent shall endeavor to obtain a new Lender to acquire such remaining Commitment and in connection therewith be paid a fee in an amount to which the Agent and Borrowers
agree. Upon any such purchase of the Commitment of the Affected Lender or Non-Funding Lender, as applicable, the Affected Lender’s or Non-Funding Lender’s interest in the Obligations and its rights hereunder and under the Loan Documents
shall terminate at the date of 

  
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purchase, and the Affected Lender or Non-Funding Lender, as applicable, shall promptly execute all documents reasonably requested to surrender and transfer such interest. The purchase price for
the Affected Lender’s or Non-Funding Lender’s Commitment shall equal any and all amounts outstanding and owed by Borrowers to the Affected Lender or Non-Funding Lender, as applicable, including principal, and all accrued and unpaid
interest or fees. 
  

	§5.	COLLATERAL SECURITY; GUARANTY. 

§5.1 Collateral. Subject to §8.2(vi), the Obligations and the Hedge Obligations shall be secured by a perfected first
priority lien and security interest to be held by the Agent for the benefit of the Lenders or the Lender Hedge Providers on the Collateral, pursuant to the terms of the Security Documents. The Obligations and the Hedge Obligations shall be
guaranteed by the Guarantors pursuant to the Guaranty. 
 §5.2 Appraisals; Appraised Value. 

(a) Upon Borrowers’ request, which request may not be made more often than one (1) time in any period of 365 days, Agent shall
obtain current Appraisals of each of the Mortgaged Properties. Additionally, at Agent’s option to be exercised not more frequently than annually, the Agent may on behalf of the Lenders obtain current Appraisals of each of the Mortgaged
Properties. In any such case, said Appraisals will be ordered by Agent and reviewed and approved by the appraisal department of the Agent, in order to determine the current Appraised Value of the Mortgaged Properties, and the Borrowers shall pay to
Agent within ten (10) days of demand all reasonable out-of-pocket costs of such Appraisals. 
 (b) Notwithstanding the
provisions of §5.2(a), the Agent may, for the purpose of determining the current Appraised Value of the Mortgaged Properties, obtain new Appraisals or an update to existing Appraisals with respect to such property, or any of them, as the Agent
shall determine (i) at any time that the regulatory requirements of any Lender generally applicable to real estate loans of the category made under this Agreement as reasonably interpreted by such Lender shall require more frequent Appraisals,
or (ii) at any time following a Default or Event of Default, or (iii) if the Agent reasonably believes that there has been a material adverse change with respect to any such property including, without limitation, a material change in the
market in which any such property is located which may affect the value of such property. The expense of such Appraisals and/or updates performed pursuant to this §5.2(b) shall be borne by the Borrowers and payable to Agent within ten
(10) days of demand; provided the Borrowers shall not be obligated to pay for an Appraisal of a property obtained pursuant to this §5.2(b) more often than once in any period of twelve (12) months. 

(c) The Borrowers acknowledge that the Agent has the right to approve any Appraisal performed pursuant to this Agreement. The Borrowers
further agree that the Lenders and Agent do not make any representations or warranties with respect to any such Appraisal and shall have no liability as a result of or in connection with any such Appraisal for statements contained in such Appraisal,
including without limitation, the accuracy and completeness of information, estimates, conclusions and opinions contained in such Appraisal, or variance of such Appraisal from the fair value of such property that is the subject of such Appraisal
given by the local tax assessor’s office, or the Borrowers’ idea of the value of such property. 

  
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 §5.3 Addition of Mortgaged Properties. 

(a) After the Closing Date, Borrowers shall have the right, subject to the consent of the Agent and the Required Lenders (which consent
may be withheld in their sole and absolute discretion) and the satisfaction by Borrowers of the conditions set forth in this §5.3, to add Potential Collateral to the Collateral. In the event Borrowers desire to add additional Potential
Collateral as aforesaid, Borrowers’ Representative shall provide written notice to the Agent of such request (which the Agent shall promptly furnish to the Lenders), together with all documentation and other information required to permit the
Agent to determine whether such Real Estate is Eligible Real Estate. Thereafter, the Agent shall have ten (10) days from the date of the receipt of such documentation and other information to advise Borrowers’ Representative whether the
Required Lenders consent to the acceptance of such Potential Collateral as a Mortgaged Property and the approval of such Potential Collateral as Eligible Real Estate. Notwithstanding the foregoing, no Potential Collateral shall be included as
Collateral unless and until the following conditions precedent shall have been satisfied: 
 (i) such Potential Collateral
shall be Eligible Real Estate; 
 (ii) the owner of any Potential Collateral (and any indirect owner of such Additional
Subsidiary Borrower) shall have executed a Borrower Joinder Agreement and satisfied the conditions of §5.5; 
 (iii) any
Subsidiary of Parent Company providing services to any Potential Collateral similar to those provided by QTS Richmond TRS at the Richmond Property or receiving consideration from a tenant or licensee of such Potential Collateral shall have executed
a Guarantor Joinder Agreement and satisfied the conditions of §5.5 
 (iv) Guarantors and such Additional Subsidiary
Borrower shall have executed and delivered to the Agent all Eligible Real Estate Qualification Documents (which may include an assignment of interests with respect to any direct or indirect interests in the owner of such Potential Collateral), all
of which instruments, documents or agreements shall be in form and substance reasonably satisfactory to the Agent; 
 (v) after
giving effect to the inclusion of such Potential Collateral, each of the representations and warranties made by or on behalf of the Borrowers, the Guarantors or any of their respective Subsidiaries contained in this Agreement, the other Loan
Documents or in any document or instrument delivered pursuant to or in connection with this Agreement shall be true in all material respects both as of the date as of which it was made and shall also be true as of the time of the addition of
Mortgaged Properties, with the same effect as if made at and as of that time (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct only as of
such specified date and, if approved by Agent in connection with the inclusion of such Potential Collateral, the schedules to this Agreement may be updated by Borrower), and no Default or Event of Default shall have occurred and be continuing, and
the Agent shall have received a certificate of the Borrowers and the Guarantors to such effect; and 
 (vi) the Agent shall
have consented to, and Agent shall have received the prior written consent (or deemed consent) of each of the Required Lenders to, the inclusion of such Real Estate as a Mortgaged Property. 

  
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 (b) Borrowers may, at their option, obtain preliminary approval of the Required Lenders of
Potential Collateral by delivering to the Agent and each of the Lenders the following with respect to such Potential Collateral: 
 (i) a physical description of the Real Estate; 
 (ii) current rent rolls,
historic operating statements and operating and capital budgets (if available), and projected operating and near-term capital expenditure budgets for such Real Estate reasonably satisfactory to the Required Lenders; 

(iii) a current environmental report, a current engineering report and similar information reasonably satisfactory to the Required
Lenders; and 
 (iv) a certification to the knowledge of Parent Company that such Real Estate will satisfy (or is anticipated
to satisfy upon the acceptance of such Real Estate as Collateral) each of the other conditions to the acceptance of Real Estate as Collateral. The Required Lenders shall have ten (10) days following receipt of all of the foregoing items to
grant or deny preliminary approval for such proposed Potential Collateral. Agent shall notify Borrowers’ Representative if and when the Required Lenders have granted such preliminary approval. In the event that the Required Lenders grant such
preliminary approval, Borrowers and Guarantors shall satisfy the remaining requirements to the acceptance of such Collateral as provided in §5.3(a). Such Real Estate shall not be included in the calculation of the Borrowing Base Availability
until the requirements of §5.3(a) are satisfied. 
 §5.4 Release of Mortgaged Property. 

Provided no Default or Event of Default shall have occurred hereunder and be continuing (or would exist immediately after giving effect
to the transactions contemplated by this §5.4), the Agent shall release a Mortgaged Property (other than the Richmond Property) from the lien or security title of the Security Documents encumbering the same in connection with a sale, other
disposition or refinance upon the request of Borrowers’ Representative subject to and upon the following terms and conditions: 
 (a) Borrowers’ Representative shall deliver to the Agent and all of the Lenders a written notice of its desire to obtain such release no later than ten (10) days prior to the date on which such
release is to be effected; 
 (b) Parent Company shall submit to the Agent with such request a Compliance Certificate prepared
using the financial statements of Parent Company most recently provided or required to be provided to the Agent under §6.4 or §7.4 adjusted in the best good faith estimate of Parent Company to give effect to the proposed release and
demonstrating that no Default or Event of Default with respect to the covenants referred to therein shall exist after giving effect to such release; 
 (c) all release documents to be executed by the Agent shall be in form and substance reasonably satisfactory to the Agent; 

  
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 (d) Borrowers shall pay all reasonable out-of-pocket costs and expenses of the Agent in
connection with such release, including without limitation, reasonable attorney’s fees; 
 (e) Borrowers shall pay to the
Agent for the account of the Lenders a release price, which payment shall be applied to reduce the outstanding principal balance of the Loans as provided in §3.2, in an amount equal to the amount necessary to reduce the outstanding principal
balance of the Loans so that no violation of the covenants set forth in §9 shall occur. 
 Notwithstanding anything to the
contrary contained in this §5.4, Borrowers shall obtain the prior written consent of the Required Lenders prior to the release of any Mortgaged Property other than in connection with the sale, other disposition or refinancing of such Mortgaged
Property so long as Borrowers are not in Default or in connection with refinancing or repayment of the Obligations in full and termination of the obligation to provide additional Loans. 

§5.5 Additional Subsidiary Borrowers and Guarantors. In the event that Borrowers’ Representative shall request that
certain Real Estate of a Subsidiary of Parent Company be included as a Mortgaged Property as contemplated by §5.3 and such Real Estate is approved for inclusion as a Mortgaged Property in accordance with the terms hereof, Parent Company shall
(i) cause each such Subsidiary to execute and deliver to Agent a Borrower Joinder Agreement, and such Subsidiary shall become an “Additional Subsidiary Borrower” hereunder, and (ii) cause each Subsidiary (and any entity having an
interest in such Subsidiary of QTLP unless not required by the Agent) that provides services to the Mortgaged Property similar to those provided by QTS Richmond TRS at the Richmond Property or which receives consideration from a tenant or licensee
of such Mortgaged Property to execute and deliver to Agent a Guarantor Joinder Agreement, and such Subsidiary (and any such entity) shall become an “Additional Subsidiary Guarantor” hereunder. Each such Additional Subsidiary Borrower shall
be specifically authorized, in accordance with its respective organizational documents, to be a Borrower hereunder and to execute the Contribution Agreement and such Security Documents as Agent may require. Each such Additional Subsidiary Guarantor
shall be specifically authorized, in accordance with its respective organizational documents, to guarantee the Obligations and the Hedge Obligations and become a party to the Contribution Agreement and such Security Documents as Agent may require.
Parent Company shall further cause all representations, covenants and agreements in the Loan Documents with respect to Borrowers and Guarantors to be true and correct with respect to each such Additional Subsidiary Borrower and Additional Subsidiary
Guarantor, and the schedules to this Agreement shall be updated to reflect the addition of such Subsidiary as a Borrower or a Guarantor, as applicable. Without limiting the foregoing, each such Subsidiary shall be in compliance with the
representations contained in §6.30, which may not be waived without the written consent of each Lender, and the covenants set forth in §7.21. In connection with the delivery of any Borrower Joinder Agreement or Guarantor Joinder Agreement,
Borrowers’ Representative shall deliver to the Agent such organizational agreements, resolutions, consents, opinions and other documents and instruments as the Agent may reasonably require. 

  
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 §5.6 Release of Certain Borrowers and Guarantors. 

(a) In the event that all Mortgaged Properties owned by a Borrower shall have been released as Collateral for the Obligations and the
Hedge Obligations in accordance with the terms of this Agreement, then such Borrower shall be released by Agent from liability under this Agreement except in the case when there is only a single Borrower remaining as a party to this Agreement. The
provisions of this §5.6(a) shall not apply to any Borrower which still owns a Mortgaged Property or any direct or indirect interest in a Mortgaged Property 
 (b) In the event that all Mortgaged Properties serviced by a Subsidiary of Parent Company that is a Guarantor shall have been released as Collateral for the Obligations and the Hedge Obligations in
accordance with the terms of this Agreement, then such Guarantor shall be released by Agent from liability under the Guaranty. The provisions of this §5.6(b) shall not apply to any Subsidiary of Parent Company which still services a Mortgaged
Property or any direct or indirect interest in a Mortgaged Property. 
 §5.7 Release of Collateral. Upon the
refinancing or repayment of the Obligations in full and termination of the obligation to provide additional Loans to Borrowers, then the Agent shall be entitled to release the Collateral from the lien and security interest of the Security Documents
and to release the Borrowers other than with respect to any indemnification or reimbursement obligations that expressly survive payment of the Obligations and termination of this Agreement or any of the other Loan Documents, provided that Agent
either (i) has not received a notice from the “Representative” (as defined in §14.18) or the holder of the Hedge Obligations that any Hedge Obligation is then due and payable to the holder thereof, or (ii) has received
notice from the holder of the Hedge Obligations that collateral or other credit support has been provided to such holder in form and substance satisfactory to such holder. 

 

	§6.	REPRESENTATIONS AND WARRANTIES. 

The Borrowers and the Guarantors, jointly and severally, represent and warrant to the Agent and the Lenders as follows. 

§6.1 Corporate Authority, Etc. 
 (a) Incorporation; Good Standing. QTLP is a Delaware limited partnership duly organized pursuant to its certificate of limited partnership filed with the Delaware Secretary of State, and is validly
existing and in good standing under the laws of Delaware. Each of QIPR and QTS Richmond TRS is a Delaware limited liability company duly organized pursuant to its certificate of formation filed with the Delaware Secretary of State, and is validly
existing and in good standing under the laws of Delaware. QIPR, QTS Richmond TRS, the Additional Subsidiary Borrowers, if any, and Additional Subsidiary Guarantors, if any, (i) have all requisite power to own their respective property and
conduct their respective business as now conducted and as presently contemplated, and (ii) are in good standing and are duly authorized to do business in the jurisdictions where the Mortgaged Properties owned or leased by it are located and in
each other jurisdiction where a failure to be so qualified in such other jurisdiction could have a Material Adverse Effect. Following the occurrence of the IPO Event, REIT is a corporation or real estate investment trust duly organized pursuant to
articles of incorporation or declaration of trust filed in its jurisdiction of organization, and is validly existing and in good standing under the laws of its jurisdiction of organization. Following the occurrence of the IPO

  
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Event, REIT conducts its business in a manner which enables it to qualify as a real estate investment trust under, and to be entitled to the benefits of, §856 of the Code, and has elected to
be treated as and is entitled to the benefits of a real estate investment trust thereunder. 
 (b) Subsidiaries. Each of the
Subsidiaries of the Parent Company that is not a Borrower or Guarantor (i) is a corporation, limited partnership, general partnership, limited liability company or trust duly organized under the laws of its State of organization and is validly
existing and in good standing under the laws thereof, (ii) has all requisite power to own its property and conduct its business as now conducted and as presently contemplated and (iii) is in good standing and is duly authorized to do
business in each jurisdiction where a failure to be so qualified could have a Material Adverse Effect. 
 (c) Authorization.
The execution, delivery and performance of this Agreement and the other Loan Documents to which the Guarantors or any of the Borrowers is a party and the transactions contemplated hereby and thereby (i) are within the authority of such Person,
(ii) have been duly authorized by all necessary proceedings on the part of such Person, (iii) do not and will not conflict with or result in any breach or contravention of any provision of law, statute, rule or regulation to which such
Person is subject or any judgment, order, writ, injunction, license or permit applicable to any such Person, (iv) do not and will not conflict with or constitute a default (whether with the passage of time or the giving of notice, or both)
under any provision of the partnership agreement, articles of incorporation or other charter documents or bylaws of, or any material agreement or other instrument binding upon, any such Person or any of its properties, (v) do not and will not
result in or require the imposition of any lien or other encumbrance on any of the properties, assets or rights of any such Person other than the liens and encumbrances in favor of Agent contemplated by this Agreement and the other Loan Documents,
and (vi) do not require the approval or consent, except as stated on Schedule 1.4, of any Person other than those already obtained and delivered to Agent. 
 (d) Enforceability. The execution and delivery of this Agreement and the other Loan Documents to which any of the Borrowers or the Guarantors is a party are valid and legally binding obligations of such
Person enforceable in accordance with the respective terms and provisions hereof and thereof, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement
of creditors’ rights and general principles of equity. 
 §6.2 Governmental Approvals. The execution, delivery
and performance of this Agreement and the other Loan Documents to which any Borrower or any Guarantor is a party and the transactions contemplated hereby and thereby do not require the approval or consent of, or filing or registration with, or the
giving of any notice to, any court, department, board, governmental agency or authority other than those already obtained and the filing of the Security Documents in the appropriate records office with respect thereto. 

§6.3 Title to Properties. Except as indicated on Schedule 6.3 hereto, Parent Company and its Subsidiaries own or lease
all of the assets reflected in the consolidated balance sheet of Parent Company as of the Balance Sheet Date or acquired or leased since that date (except property and assets sold or otherwise disposed of in the ordinary course or otherwise
permitted hereunder since that date) subject to no Liens except Permitted Liens. 

  
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 §6.4 Financial Statements. Parent Company has furnished to Agent: (a) the
audited Consolidated balance sheet of Parent Company and its Subsidiaries as of the Balance Sheet Date and the related audited consolidated statement of income and cash flow for the fiscal year then ended certified by the chief financial or
accounting officer of Parent Company, (b) the unaudited Consolidated balance sheet of Parent Company and its Subsidiaries, as at the end of the fiscal quarter ended September 30, 2012, and the related unaudited consolidated statements of
income and cash flows for the portion of Parent Company’s fiscal year then elapsed, certified by the chief financial or accounting officer of Parent Company (c) as of the Closing Date, an unaudited statement of Net Operating Income for
each of the Mortgaged Properties for the period ending September 30, 2012 reasonably satisfactory in form to the Agent and certified by the chief financial or accounting officer of Parent Company as fairly presenting, in all material respects,
the Net Operating Income for such parcels for such periods, and (d) certain other financial information relating to the Guarantors, Borrowers and the Real Estate (including, without limitation, the Mortgaged Properties). Such balance sheet and
statements have been prepared in accordance with generally accepted accounting principles, except as disclosed therein and approved by Agent in its reasonable discretion and fairly present, in all material respects, the consolidated financial
condition of Parent Company and its Subsidiaries as of such dates and the consolidated results of the operations of Parent Company and its Subsidiaries for such periods. As of the Closing Date, there is no Indebtedness of Parent Company or any of
its Subsidiaries involving material amounts not disclosed in said financial statements and the related notes thereto. 

§6.5 No Material Changes. Since the date of the most recent fiscal year end audited financial statements delivered to Agent
and the Lenders prior to the Closing Date or pursuant to §7.4, as applicable, there has occurred no materially adverse change in the financial condition, prospects or business of Parent Company and its Subsidiaries taken as a whole as shown on
or reflected in the consolidated balance sheet of Parent Company as of the Balance Sheet Date, or its consolidated statement of income or cash flows for the fiscal year then ended, other than changes in the ordinary course of business that have not
and could not reasonably be expected to have a Material Adverse Effect. As of the date hereof, except as set forth on Schedule 6.5 hereto, there has occurred no materially adverse change in the financial condition, prospects, operations or
business activities of any of the Mortgaged Properties from the condition shown on the statements of income delivered to the Agent pursuant to §6.4 other than changes in the ordinary course of business that have not had any materially adverse
effect either individually or in the aggregate on the business, prospects, operation or financial condition of such Mortgaged Property. 
 §6.6 Franchises, Patents, Copyrights, Etc. The Borrowers, Guarantors and their respective Subsidiaries possess all franchises, patents, copyrights, trademarks, trade names, service marks,
licenses and permits, and rights in respect of the foregoing, adequate for the conduct of their business substantially as now conducted without known conflict with any rights of others. Except as stated on Schedule 6.6 or otherwise permitted
by Section 7.15, none of the Mortgaged Properties is owned or operated under or by reference to any registered or protected trademark, trade name, service mark or logo. 
 §6.7 Litigation. Except as stated on Schedule 6.7, as of the Closing Date, there are no actions, suits, proceedings or investigations of any kind pending or to the knowledge of

  
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the Borrowers or the Guarantors threatened against any Borrower, any Guarantor or any of their respective Subsidiaries before any court, tribunal, arbitrator, mediator or administrative agency or
board which question the validity of this Agreement or any of the other Loan Documents, any action taken or to be taken pursuant hereto or thereto or any lien, security title or security interest created or intended to be created pursuant hereto or
thereto, or which if adversely determined could reasonably be expected to have a Material Adverse Effect. Except as stated on Schedule 6.7, as of the Closing Date, there are no judgments, final orders or awards outstanding against or
affecting any Borrower, any Guarantor or any of their respective Subsidiaries or any Mortgaged Property individually or in the aggregate in excess of $10,000,000.00. 
 §6.8 No Material Adverse Contracts, Etc. None of the Borrowers, the Guarantors or any of their respective Subsidiaries is subject to any charter, corporate or other legal restriction, or any
judgment, decree, order, rule or regulation that has or is expected in the future to have a Material Adverse Effect. None of the Borrowers, Guarantors or any of their respective Subsidiaries is a party to any contract or agreement that has or could
reasonably be expected to have a Material Adverse Effect 
 §6.9 Compliance with Other Instruments, Laws, Etc. None
of the Borrowers, the Guarantors nor any of their respective Subsidiaries is in violation of any provision of its charter or other organizational documents, bylaws, or any agreement or instrument to which it is subject or by which it or any of its
properties is bound or any decree, order, judgment, statute, license, rule or regulation, in any of the foregoing cases in a manner that has had or could reasonably be expected to have a Material Adverse Effect. 

§6.10 Tax Status. Each of the Borrowers, the Guarantors and their respective Subsidiaries (a) has made or filed all
federal and state income and all other tax returns, reports and declarations required by any jurisdiction to which it is subject or has obtained an extension for filing, (b) has paid prior to delinquency all taxes and other governmental
assessments and charges shown or determined to be due on such returns, reports and declarations, except those being contested in good faith and by appropriate proceedings and (c) has set aside on its books provisions reasonably adequate for the
payment of all taxes for periods subsequent to the periods to which such returns, reports or declarations apply. There are no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction. There are no audits
pending or to the knowledge of Borrowers or the Guarantors threatened with respect to any tax returns filed by Borrowers, Guarantors or their respective Subsidiaries. The taxpayer identification number for QTLP is 27-0707288, for QIPR is 27-1864276
and for QTS Richmond TRS is 76-0838056. There are no unpaid or outstanding real estate or other taxes or assessments on or against any of the Mortgaged Properties which are payable by any Borrower (except only real estate or other taxes or
assessments, that are not yet delinquent or are being protested as permitted by this Agreement). Each Mortgaged Property is separately assessed for purposes of real estate tax assessment and payment. There are no unpaid or outstanding real estate or
other taxes or assessments on or against any property (other than the Mortgaged Property) of the Borrowers, the Guarantors or any of their respective Subsidiaries which are payable by any of such Persons in any material amount (except only real
estate or other taxes or assessments, that are not yet delinquent or are being protested as permitted by this Agreement). 

  
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 §6.11 No Event of Default. No Default or Event of Default has occurred and is
continuing. 
 §6.12 Investment Company Act. None of the Borrowers, the Guarantors or any of their respective
Subsidiaries is an “investment company”, or an “affiliated company” or a “principal underwriter” of an “investment company”, as such terms are defined in the Investment Company Act of 1940. 

§6.13 Absence of UCC Financing Statements, Etc. Except with respect to Permitted Liens or as disclosed on the lien search
reports delivered to and approved by the Agent, there is no financing statement (excluding any financing statements that may be filed against any Borrower, Guarantors or their respective Subsidiaries without the consent or agreement of such
Persons), security agreement, chattel mortgage, real estate mortgage, other document or other Lien filed or recorded with any applicable filing records, registry, or other public office, that purports to cover, affect or give notice of any present
or possible future lien on, or security interest or security title in, any property of any Borrower, any Guarantor or their respective Subsidiaries or rights thereunder. 
 §6.14 Setoff, Etc. The Collateral and the rights of the Agent and the Lenders with respect to the Collateral are not subject to any setoff, claims, withholdings or other defenses by the
Borrowers, Guarantors or any of their Subsidiaries or Affiliates or, as of the Closing Date, to the knowledge of Borrowers and Guarantors, any material setoff, claims, withholdings or other defenses by any other Person other than Permitted Liens
described in §8.2(i), (ii), (v) and (vi). 
 §6.15 Certain Transactions. Except as disclosed on
Schedule 6.15 hereto, none of the partners, officers, trustees, managers, members, directors, or employees of any Borrower, any Guarantor or any of their respective Subsidiaries is, nor shall any such Person become, a party to any transaction
with any Borrower, any Guarantor or any of their respective Subsidiaries or Affiliates (other than for services as partners, managers, members, employees, officers and directors), including any agreement or other arrangement providing for the
furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring payments to or from any partner, officer, trustee, director or such employee or, to the knowledge of the Borrowers, the Guarantors,
any corporation, partnership, trust or other entity in which any partner, officer, trustee, director, or any such employee has a substantial interest or is an officer, director, trustee or partner, except as permitted by §8.13. 

§6.16 Employee Benefit Plans. Each Borrower, each Guarantor and each ERISA Affiliate has fulfilled its obligation, if any,
under the minimum funding standards of ERISA and the Code with respect to each Employee Benefit Plan, Multiemployer Plan or Guaranteed Pension Plan and is in compliance in all material respects with the presently applicable provisions of ERISA and
the Code with respect to each Employee Benefit Plan, Multiemployer Plan or Guaranteed Pension Plan, except for those insignificant operational failures that could be corrected through voluntary self-correction programs currently offered by the IRS
and United States Department of Labor. None of the Borrowers, the Guarantors or any ERISA Affiliates has (a) sought a waiver of the minimum funding standard under §412 of the Code in respect of any Employee Benefit Plan, Multiemployer Plan
or Guaranteed Pension Plan, (b) failed to make any contribution or payment to any Employee Benefit Plan, Multiemployer Plan or Guaranteed Pension Plan, or made any amendment to any Employee Benefit Plan, Multiemployer Plan or 

  
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Guaranteed Pension Plan, which has resulted or could result in the imposition of a Lien or the posting of a bond or other security under ERISA or the Code, or (c) incurred any liability
under Title IV of ERISA other than a liability to the PBGC for premiums under §4007 of ERISA. None of the Mortgaged Properties constitutes a “plan asset” of any Employee Benefit Plan, Multiemployer Plan or Guaranteed Pension Plan.

 §6.17 Disclosure. All of the representations and warranties made by or on behalf of the Borrowers, the Guarantors
and their respective Subsidiaries in this Agreement and the other Loan Documents or any document or instrument delivered to the Agent or the Lenders pursuant to or in connection with any of such Loan Documents are true and correct in all material
respects. All information contained in this Agreement, the other Loan Documents or otherwise furnished to or made available to the Agent or the Lenders by or on behalf of any Borrower, any Guarantor or any of their respective Subsidiaries was, at
the time so furnished, true and correct in all material respects and did not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein not misleading, or has been subsequently
supplemented by other written information, reports or other papers or data, to the extent necessary to give in all material respects a true and accurate knowledge of the subject matter in all material respects; provided that such
representation shall not apply to (a) the accuracy of any appraisal, title commitment, survey, or engineering and environmental reports prepared by third parties or legal conclusions or analysis provided by the Borrowers’ and
Guarantors’ counsel (although the Borrowers and Guarantors have no reason to believe that the Agent and the Lenders may not rely on the accuracy thereof) or (b) budgets, projections and other forward-looking speculative information
prepared in good faith by the Borrowers and the Guarantors (except to the extent the related assumptions were when made manifestly unreasonable). The written information, reports and other papers and data with respect to the Borrowers, the
Guarantors, any Subsidiary or the Mortgaged Properties (other than projections and estimates) furnished to the Agent or the Lenders in connection with this Agreement or the obtaining of the Commitments of the Lenders hereunder was, at the time so
furnished, complete and correct in all material respects, or has been subsequently supplemented by other written information, reports or other papers or data, to the extent necessary to give in all material respects a true and accurate knowledge of
the subject matter in all material respects; provided that such representation shall not apply to (a) the accuracy of any appraisal, title commitment, survey, or engineering and environmental reports prepared by third parties or legal
conclusions or analysis provided by the Borrowers’ and Guarantors’ counsel (although the Borrowers and Guarantors have no reason to believe that the Agent and the Lenders may not rely on the accuracy thereof) or (b) budgets,
projections and other forward-looking speculative information prepared in good faith by the Borrowers and the Guarantors (except to the extent the related assumptions were when made manifestly unreasonable). 

§6.18 Trade Name; Place of Business. Except as set forth on Schedule 6.18, no Borrower or Guarantor uses any trade
name and conducts business under any name other than its actual name set forth in the Loan Documents. The principal place of business of the Borrowers and Guarantors is 12851 Foster Street, Suite 205, Overland Park, Kansas 66213. 

§6.19 Regulations T, U and X. No portion of any Loan is to be used for the purpose of purchasing or carrying any “margin
security” or “margin stock” as such terms are used in Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 

  
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C.F.R. Parts 220, 221 and 224. None of the Borrowers or Guarantors is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the
purpose of purchasing or carrying any “margin security” or “margin stock” as such terms are used in Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 220, 221 and 224. 

§6.20 Environmental Compliance. The Borrowers and Guarantors have taken all commercially reasonable steps to investigate the
past and present conditions and usage of the Real Estate and the operations conducted thereon and, except as specifically set forth in the written environmental site assessment reports of the Environmental Engineer provided to the Agent on or before
the date hereof except as otherwise agreed to in writing by Agent, or in the case of Mortgaged Property acquired after the date hereof, the environmental site assessment reports with respect thereto provided to the Agent, makes the following
representations and warranties except as set forth on Schedules 6.20(c) or (d): 
 (a) None of the Borrowers, the
Guarantors, their respective Subsidiaries nor to the knowledge of Borrowers and Guarantors any operator of the Real Estate, nor any tenant or licensee or operations thereon, is in violation, or alleged violation, of any judgment, decree, order, law,
license, rule or regulation pertaining to environmental matters, including without limitation, those arising under any Environmental Law, which violation (i) involves Real Estate (other than the Mortgaged Properties) and has had or could
reasonably be expected to have a Material Adverse Effect or (ii) involves a Mortgaged Property and has had or could reasonably be expected, when taken together with other matters covered by this §6.20 and §8.6, to result in liability,
clean up, remediation, containment, correction or other costs to any Borrower or any Guarantor individually or in the aggregate with other Mortgaged Properties in excess of $6,000,000.00 or could reasonably be expected to materially adversely affect
the operation of or ability to use such Mortgaged Property (a “Material Environmental Matter”). 
 (b) None of the
Borrowers, the Guarantors or any of their respective Subsidiaries has received notice from any third party including, without limitation, any federal, state or local governmental authority, (i) that it has been identified by the United States
Environmental Protection Agency (“EPA”) as a potentially responsible party under CERCLA with respect to a site listed on the National Priorities List, 40 C.F.R. Part 300 Appendix B (1986); (ii) that any Hazardous Substance(s) which it
has generated, transported or disposed of have been found at any site at which a federal, state or local agency or other third party has conducted or has ordered that any Borrower, any Guarantor or any of their respective Subsidiaries conduct a
remedial investigation, removal or other response action pursuant to any Environmental Law; or (iii) that it is or shall be a named party to any claim, action, cause of action, complaint, or legal or administrative proceeding (in each case,
contingent or otherwise) arising out of any third party’s incurrence of costs, expenses, losses or damages of any kind whatsoever in connection with the release of Hazardous Substances, which in any case (A) involves Real Estate other than
the Mortgaged Properties and has had or could reasonably be expected to have a Material Adverse Effect or (B) involves a Mortgaged Property and is not and could not reasonably be expected to be a Material Environmental Matter. 

(c) (i) No portion of the Real Estate has been used for the handling, processing, storage or disposal of Hazardous Substances except in
accordance with applicable 

  
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Environmental Laws, and no underground tank or other underground storage receptacle for Hazardous Substances is located on any portion of the Real Estate except those which are being operated and
maintained in material compliance with Environmental Laws; (ii) in the course of any activities conducted by the Borrowers, the Guarantors, their respective Subsidiaries or, to the knowledge of the Borrowers and Guarantors, the tenants,
licensees and operators of their properties, no Hazardous Substances have been generated or are being used on the Real Estate except in the ordinary course of business and in material compliance with applicable Environmental Laws; (iii) there
has been no past or present releasing, spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, disposing or dumping (other than the storing of materials in reasonable quantities to the extent necessary for the
operation of data centers of the type and size of those owned by Borrowers, Guarantors and their respective Subsidiaries in the ordinary course of their business, and in any event in compliance with all Environmental Laws) (a “Release”) or
threatened Release of Hazardous Substances on, upon, into or from the Mortgaged Properties, which Release is or could reasonably be expected, to be a Material Environmental Matter, or from any other Real Estate, which Release has had or could
reasonably be expected to have a Material Adverse Effect; (iv) there have been no Releases on, upon, from or into any real property in the vicinity of any of the Real Estate which, through soil or groundwater contamination, may have come to be
located on, and which could be reasonably anticipated to have a material adverse effect on the value of, the Real Estate; and (v) any Hazardous Substances that have been generated on any of the Real Estate have been transported off-site in accordance with all applicable Environmental Laws, except with respect to the foregoing in this §6.20(c): (A) as to any Real Estate (other than the Mortgaged Properties) where the foregoing has
not had or could not reasonably be expected to have a Material Adverse Effect and (B) as to any Mortgaged Property where the foregoing is not or could not reasonably be expected to be a Material Environmental Matter. 

(d) Except as set forth on Schedule 6.20(d), none of the Borrowers, the Guarantors, their respective Subsidiaries or the Real Estate is
subject to any applicable Environmental Law requiring the performance of Hazardous Substances site assessments, or the removal or remediation of Hazardous Substances, or the giving of notice to any governmental agency or the recording or delivery to
other Persons of an environmental disclosure document or statement in each case by virtue of the transactions set forth herein and contemplated hereby, or as a condition to the recording of the Mortgages or to the effectiveness of any other
transactions contemplated hereby except for such matters that shall be complied with as of the Closing Date. 
 (e) There are
no existing or closed sanitary landfills, solid waste disposal sites, or hazardous waste treatment, storage or disposal facilities on or, to Borrowers’ and Guarantors’ actual knowledge, affecting the Real Estate except where such
existence: (A) as to any Real Estate other than a Mortgaged Property has not had or could not reasonably be expected to have a Material Adverse Effect and (B) as to any Mortgaged Property is not or could not reasonably be expected to be a
Material Environmental Matter. 
 (f) None of the Borrowers or Guarantors have received any written notice of any claim by any
party that any use, operation, or condition of the Real Estate has caused any nuisance or any other liability or adverse condition on any other property which: (A) as to any Real Estate other than a Mortgaged Property has had or could
reasonably be expected to have a Material Adverse Effect and (B) as to any Mortgaged Property is or could reasonably be expected to be a Material Environmental Matter, nor is there any knowledge of any basis for such a claim. 

  
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 §6.21 Subsidiaries; Organizational Structure. Schedule 6.21(a) sets
forth, as of the date hereof, all of the Subsidiaries of Parent Company, the form and jurisdiction of organization of each of the Subsidiaries, and the owners of the direct and indirect ownership interests therein. Schedule 6.21(b) sets
forth, as of the date hereof, all of the Unconsolidated Affiliates of Parent Company and its Subsidiaries, the form and jurisdiction of organization of each of the Unconsolidated Affiliates, Parent Company’s or its Subsidiary’s ownership
interest therein and the other owners of the applicable Unconsolidated Affiliate. No Person owns any legal, equitable or beneficial interest in any of the Persons set forth on Schedules 6.21(a) and 6.21(b) except as set forth on such
Schedules. Each Borrower is a Wholly Owned Subsidiary of QTLP. 
 §6.22 Leases. The Leases and any amendments
thereto provided by Borrowers to Agent with respect to each Mortgaged Property are true, correct and complete copies as of the date of inclusion of such Mortgaged Property in the Collateral. An accurate and complete Rent Roll as of the date of
inclusion of each Mortgaged Property in the Collateral with respect to all Leases of any portion of the Mortgaged Property has been provided to the Agent. The Leases previously delivered to Agent as described in the preceding sentence constitute as
of the date thereof the sole agreements relating to leasing or licensing of space at such Mortgaged Property and in the Building relating thereto. As of the date of delivery of such Rent Roll upon inclusion of a Mortgaged Property in the Collateral,
no tenant or licensee under any Lease is entitled to any free rent, partial rent, rebate of rent payments, credit, offset or deduction in rent, including, without limitation, lease support payments or lease buy-outs, except as reflected in such Rent
Roll. Except as set forth in Schedule 6.22, the Leases reflected therein are, as of the date of inclusion of the applicable Mortgaged Property in the Collateral, (a) in full force and effect in accordance with their respective terms,
(b) without any payment default or to the knowledge of Borrowers and Guarantors any other material default thereunder, and to the knowledge of Borrowers and Guarantors there are no defenses, counterclaims, offsets, concessions or rebates
available to any tenant or licensee thereunder, and except as reflected in Schedule 6.22, no Borrower has given or made, any notice of any payment or other material default, or any claim, which remains uncured or unsatisfied, with respect to
any of the Leases, and to the knowledge of the Borrowers and Guarantors there is no basis for any such claim or notice of material default by tenant or licensee. No property other than the Mortgaged Property which is the subject of the applicable
Lease is necessary to comply with the requirements (including, without limitation, parking requirements) contained in such Lease. Each Borrower is the holder of the lessor’s, landlord’s or licensor’s interest in and to all of the
Leases of the Mortgaged Property owned by it. Each Borrower has granted to Agent for the benefit of the Lenders a first priority lien and security interest in and to all of the Leases of the Mortgaged Property owned by it pursuant to the terms of
the Security Documents, except as set forth on Schedule 1.4 attached hereto. 
 §6.23 Property. All of the
Mortgaged Properties, and all major building systems located thereon, are structurally sound, in good condition and working order and free from material defects, subject to ordinary wear and tear, except for such portion of such Real Estate which is
not occupied by any tenant or licensee and which may not be in final working order pending final build-out of such space. All of the other Real Estate of the Borrowers, the Guarantors and their respective Subsidiaries is structurally sound, in good
condition and working 

  
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order, subject to ordinary wear and tear, except for such portion of such Real Estate which is not occupied by any tenant or licensee and where such defects have not had and could not reasonably
be expected to have a Material Adverse Effect. Each of the Mortgaged Properties, and the use and operation thereof, is in material compliance with all applicable federal and state law and governmental regulations and any local ordinances, orders or
regulations, including without limitation, laws, regulations and ordinances relating to zoning, building codes, subdivision, fire protection, health, safety, handicapped access, historic preservation and protection, wetlands, tidelands, and
Environmental Laws. All water, sewer, electric, gas, telephone and other utilities necessary for the use and operation of the Mortgaged Property are installed to the property lines of the Mortgaged Property through dedicated public rights of way or
through perpetual private easements approved by the Agent with respect to which the applicable Mortgage creates a valid and enforceable first lien and, except in the case of drainage facilities, are connected to the Building located thereon with
valid permits and are adequate to service the Building in compliance with applicable law. The streets abutting the Mortgaged Property are dedicated and accepted public roads, to which the Mortgaged Property has direct access by trucks and other
motor vehicles and by foot, or are perpetual private ways (with direct access by trucks and other motor vehicles and by foot to public roads) to which the Mortgaged Property has direct access approved by the Agent and with respect to which the
applicable Mortgage creates a valid and enforceable first lien. All private ways providing access to the Mortgaged Property are zoned in a manner which will permit access to the Building over such ways by trucks and other commercial and industrial
vehicles. There are no pending, or to the knowledge of Borrowers and Guarantors threatened or contemplated, eminent domain proceedings against any of the Mortgaged Properties. There are no pending eminent domain proceedings against any other
property of the Borrowers, Guarantors or their respective Subsidiaries or any part thereof, and, to the knowledge of the Borrowers and Guarantors, no such proceedings are presently threatened or contemplated by any taking authority which may
individually or in the aggregate have any Material Adverse Effect. As of the date of the inclusion of the Mortgaged Property as Collateral, none of such Mortgaged Property is damaged as a result of any fire, explosion, accident, flood or other
casualty except as disclosed in writing to Agent. None of the other property of the Borrowers, Guarantors or their respective Subsidiaries is now damaged as a result of any fire, explosion, accident, flood or other casualty in any manner which
individually or in the aggregate has had or could reasonably be expected to have any Material Adverse Effect. None of the Borrowers, Guarantors or their respective Subsidiaries has received any outstanding written notice from any insurer or its
agent requiring performance of any work with respect to any of the Mortgaged Properties or canceling or threatening to cancel any policy of insurance, and each of the Mortgaged Properties complies with the material requirements of all of the
Borrowers’ and Guarantors’ insurance carriers. Except as listed on Schedule 6.23, the Borrowers have no Management Agreements for any of the Mortgaged Properties as of the date of inclusion of such Mortgaged Property in the
Collateral. To the knowledge of the Borrowers and Guarantors, there are no material claims in respect of any Mortgaged Property or its operation by any party to any service agreement or Management Agreement. Except as set forth in Schedule
6.23, as of the date of inclusion of such Mortgaged Property in the Collateral, there are no Material Agreements pertaining to any Mortgaged Property, any Building thereon or the operation or maintenance of either thereof other than as described
in this Agreement (including the Schedules hereto) or the Title Policies and except as set forth on Schedule 6.23, as of the date of inclusion of such Mortgaged Property in the Collateral, the applicable Borrower (and not QTLP or any other

  
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Subsidiary of QTLP) is a party to each such Material Agreement; and no person or entity has any right or option to acquire any Mortgaged Property or any Building thereon or any portion thereof or
interest therein. 
 §6.24 Brokers. None of the Borrowers, the Guarantors or any of their respective Subsidiaries
has engaged or otherwise dealt with any broker, finder or similar entity in connection with this Agreement or the Loans contemplated hereunder. 
 §6.25 Other Debt. None of the Borrowers, the Guarantors or any of their respective Subsidiaries is in default of the payment of any Indebtedness or the performance of any related agreement,
mortgage, deed of trust, security agreement, financing agreement or indenture to which any of them is a party where such default would result in a Default or Event of Default hereunder. None of the Borrowers, the Guarantors or any of their
respective Subsidiaries is a party to or bound by any agreement, instrument or indenture that may require the subordination in right or time or payment of any of the Obligations to any other indebtedness or obligation of any such Person. Schedule
6.25 hereto sets forth all agreements, mortgages, deeds of trust, financing agreements or other material agreements binding upon the Borrowers, the Guarantors or any of their respective Subsidiaries or their respective properties and entered
into by such Person as of the date of this Agreement with respect to any Indebtedness of such Person in an amount greater than $1,000,000.00, and the Borrowers and Guarantors have provided the Agent if requested with true, correct and complete
copies thereof. 
 §6.26 Solvency. As of the Closing Date and after giving effect to the transactions contemplated
by this Agreement and the other Loan Documents, including all Loans made or to be made hereunder, none of the Borrowers or the Guarantors is insolvent on a balance sheet basis such that the sum of such Person’s assets exceeds the sum of such
Person’s liabilities, each Borrower and each Guarantor is able to pay its debts as they become due, and each Borrower and each Guarantor has sufficient capital to carry on its business. 

§6.27 No Bankruptcy Filing. None of the Borrowers or the Guarantors is contemplating either the filing of a petition by it
under any state or federal bankruptcy or insolvency laws or the liquidation of its assets or property, and none of the Borrowers or the Guarantors have knowledge of any Person contemplating the filing of any such petition against it. 

§6.28 No Fraudulent Intent. Neither the execution and delivery of this Agreement or any of the other Loan Documents nor the
performance of any actions required hereunder or thereunder is being undertaken by any Borrower, any Guarantor or any of their respective Subsidiaries with or as a result of any actual intent by any of such Persons to hinder, delay or defraud any
entity to which any of such Persons is now or will hereafter become indebted. 
 §6.29 Transaction in Best Interests of
Borrowers; Consideration. The transaction evidenced by this Agreement and the other Loan Documents is in the best interests of each of the Borrowers and the Guarantors. The direct and indirect benefits to inure to the Borrowers and Guarantors
pursuant to this Agreement and the other Loan Documents constitute substantially more than “reasonably equivalent value” (as such term is used in §548 of the Bankruptcy Code) and “valuable consideration,” “fair
value,” and “fair consideration,” (as such terms are used in 

  
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any applicable state fraudulent conveyance law), in exchange for the benefits to be provided by the Borrowers, the Guarantors and their respective Subsidiaries pursuant to this Agreement and the
other Loan Documents. Borrowers and Guarantors further acknowledge and agree that Borrowers and Guarantors constitute a single integrated and common enterprise and that each receives a benefit from the availability of credit under this Agreement.

 §6.30 OFAC. None of the Borrowers, the Guarantors or their respective Subsidiaries is (or will be) a person with
whom any Lender is restricted from doing business under OFAC (including those Persons named on OFAC’s Specially Designated and Blocked Persons list) or under any statute, executive order (including the September 24, 2001 Executive Order
Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action and is not and shall not engage in any dealings or transactions or otherwise be associated with such
persons. In addition, Borrowers hereby agree to provide to the Lenders any additional information that a Lender reasonably deems necessary from time to time in order to ensure compliance with all applicable laws concerning money laundering and
similar activities. 
 §6.31 [Intentionally Omitted]. 

§6.32 Power and Service Revenues. All power revenues and revenues from managed services at the Mortgaged Properties are
coterminous with their respective Leases and license agreements. 
 §6.33 [Intentionally Omitted]. 

§6.34 Service Guarantees. As of the date of inclusion of Real Estate as a Mortgaged Property, any payments, free rent,
partial rent, rebate of rent or other payments, credits, allowances or abatements required to be given by Borrowers to any tenant or licensee has already been received by such tenant or licensee and all security deposits are being held in accordance
with legal requirements. 
  

	§7.	AFFIRMATIVE COVENANTS. 

 The
Borrowers and the Guarantors, jointly and severally, covenant and agree that, so long as any Loan or Note is outstanding or any Lender has any obligation to make any Loans: 
 §7.1 Punctual Payment. The Borrowers will duly and punctually pay or cause to be paid the principal and interest on the Loans and all interest and fees provided for in this Agreement, all in
accordance with the terms of this Agreement and the Notes, as well as all other sums owing pursuant to the Loan Documents. 

§7.2 Maintenance of Office. The Borrowers and the Guarantors will maintain their respective chief executive office at 12851
Foster Street, Suite 205, Overland Park, Kansas 66213, or at such other place in the United States of America as the Borrowers or Guarantors shall designate upon thirty (30) days prior written notice to the Agent and the Lenders, where notices,
presentations and demands to or upon the Borrowers or Guarantors in respect of the Loan Documents may be given or made. 

  
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 §7.3 Records and Accounts. The Borrowers and the Guarantors will (a) keep,
and cause each of their respective Subsidiaries to keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and (b) maintain adequate accounts and reserves for all taxes
(including income taxes), depreciation and amortization of their respective properties and the properties of their respective Subsidiaries, contingencies and other reserves. None of the Borrowers, the Guarantors or any of their respective
Subsidiaries shall, without the prior written consent of the Agent, (x) make any material change to the accounting policies/principles used by such Person in preparing the financial statements and other information described in §6.4 or
§7.4 except to the extent required by GAAP, or (y) change its fiscal year. Agent and the Lenders acknowledge that Parent Company’s fiscal year as of the date hereof is a calendar year. 

§7.4 Financial Statements, Certificates and Information. Borrowers and Guarantors will deliver or cause to be delivered to
the Agent with sufficient copies for each of the Lenders: 
 (a) as soon as available, but in any event not later than one
hundred twenty (120) days after the end of each fiscal year, the audited Consolidated balance sheet of Parent Company and its Subsidiaries at the end of such year, and the related audited consolidated statements of income, changes in capital
and cash flows for such year, setting forth in comparative form the figures for the previous fiscal year and all such statements to be in reasonable detail, prepared in accordance with GAAP, together with a certification by the chief financial
officer or accounting officer of Parent Company that the information contained in such financial statements fairly presents in all material respects the financial position of Parent Company and its Subsidiaries as of and for the periods presented,
and accompanied by an auditor’s report prepared without qualification as to the scope of the audit by a nationally recognized accounting firm reasonably approved by Agent, and any other information the Lenders may reasonably request to complete
a financial analysis of Parent Company and its Subsidiaries; 
 (b) as soon as available, but in any event not later than sixty
(60) days after the end of each fiscal quarter of each fiscal year, copies of the unaudited consolidated balance sheet of Parent Company and its Subsidiaries, as at the end of such quarter, and the related unaudited consolidated statements of
income and cash flows for the portion of Parent Company’s fiscal year then elapsed, all in reasonable detail and prepared in accordance with GAAP, together with a certification by the chief financial officer or accounting officer of Parent
Company that the information contained in such financial statements fairly presents in all material respects the financial position of Parent Company and its Subsidiaries on the date thereof (subject to year-end adjustments); 

(c) simultaneously with the delivery of the financial statements referred to in subsections (a) and (b) above, a statement (a
“Compliance Certificate”) certified by the chief financial officer or chief accounting officer of Parent Company in the form of Exhibit J hereto (or in such other form as the Agent may approve from time to time) setting forth in reasonable
detail computations evidencing compliance or non-compliance (as the case may be) with the covenants contained in §9 and the other covenants described in such certificate and (if applicable) setting forth reconciliations to reflect changes in
GAAP since September 30, 2011. 

  
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Parent Company shall submit with the Compliance Certificate a Borrowing Base Certificate in the form of Exhibit I attached hereto pursuant to which Parent Company shall calculate the amount of
the Borrowing Base Availability as of the end of the immediately preceding fiscal quarter. The Compliance Certificate shall with respect to any completed sale, encumbrance, refinance or transfer be adjusted in the best good faith estimate of
Borrowers to give effect to such sale, encumbrance, refinance or transfer. For example, all income, expense and value associated with Real Estate or other Investments disposed of during any quarter will be eliminated from calculations, where
applicable. The Compliance Certificate shall be accompanied by copies of the statements of Funds from Operations and Net Operating Income for such fiscal quarter for each of the Mortgaged Properties, prepared on a basis consistent with the
statements furnished to the Agent prior to the date hereof and otherwise in form and substance reasonably satisfactory to the Agent, together with a certification by the chief financial officer or chief accounting officer of Parent Company that the
information contained in such statement fairly presents in all material respects the Funds from Operations and Net Operating Income of the Mortgaged Properties for such periods; 

(d) simultaneously with the delivery of the financial statements referred to in clause (a) above, the statement of all contingent
liabilities which would be included in Indebtedness of the Borrowers, the Guarantors and their Subsidiaries which are not reflected in such financial statements or referred to in the notes thereto (including, without limitation, all guaranties,
endorsements and other contingent obligations in respect of the indebtedness of others, and obligations to reimburse the issuer in respect of any letters of credit); 
 (e) during the period from the Closing Date to and including June 30, 2013, as soon as available, but not later than, 30 days after the end of each month, and after June 30, 2013, simultaneously
with the delivery of the financial statements referred to in subsections (a) and (b) above (i) a Rent Roll for each of the Mortgaged Properties in form satisfactory to Agent as of, (x) for the the period from the Closing Date to
and including June 30, 2013, the end of such month, and (y) after June 30, the end of each fiscal quarter (including the fourth fiscal quarter in each fiscal year), together with, in the cases of the immediately preceding clauses
(x) and (y) of this clause (i), a listing of each tenant or licensee that has taken occupancy of such Mortgaged Property during such periods, (ii) an operating statement for each of the Mortgaged Properties for (x) during the
period from the Closing Date to and including June 30, 2013, such month and year to date, and (y) after June 30, 2013, each such fiscal quarter and year to date and, in the case of the immediately preceding clauses (x) and
(y) of this clause (ii), a consolidated operating statement for the Mortgaged Properties for such periods (such statements and reports to be in form reasonably satisfactory to Agent), and (iii) if not previously delivered to the Agent, a
copy of each Lease or amendment to any Lease entered into with respect to a Mortgaged Property (x) for the the period from the Closing Date to and including June 30, 2013, during such month, and (y) after June 30, during such
fiscal quarter (including the fourth fiscal quarter in each fiscal year); 
 (f) simultaneously with the delivery of the
financial statements referred to in subsections (a) and (b) above, a statement (i) listing the Real Estate owned by the Borrowers, Guarantors and their Subsidiaries (or in which the Borrowers, the Guarantors or their Subsidiaries owns
an interest) and stating the location thereof, the date acquired and the acquisition cost, (ii) listing the Indebtedness of the Borrowers, the Guarantors and their 

  
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Subsidiaries (excluding Indebtedness of the type described in §8.1(b)-(e)), which statement shall include, without limitation, a statement of the original principal amount of such
Indebtedness and the current amount outstanding, the holder thereof, the maturity date and any extension options, the interest rate, the collateral provided for such Indebtedness and whether such Indebtedness is recourse or non-recourse, and
(iii) listing the properties of the Borrowers, the Guarantors and their Subsidiaries which are Development Properties and providing a brief summary of the status of such development; 

(g) contemporaneously with the filing or mailing thereof, copies of all material of a financial nature, reports or proxy statements sent
to the owners of Parent Company; 
 (h) upon written request of the Agent, copies of all annual federal income tax returns and
amendments thereto of the Borrowers and Guarantors; 
 (i) [Intentionally Omitted]; 

(j) evidence reasonably satisfactory to Agent of the timely payment of all real estate taxes for the Mortgaged Properties; 

(k) (i) not later than January 31 of each year, a budget and business plan for Parent Company and its Subsidiaries for the next
calendar year and (ii) beginning with the financial statements delivered for the first quarter of 2013 and simultaneous with the delivery of the financial statements referred to in (a) and (b) above, a discussion and analysis by
Parent Company’s management of the Parent Company’s strategy and progress against budget and business plan of Parent Company and its Subsidiaries; and 
 (l) from time to time such other financial data and information in the possession of the Borrowers, the Guarantors or their respective Subsidiaries (including without limitation auditors’ management
letters, status of litigation or investigations against the Borrowers or Guarantors and any settlement discussions relating thereto, property inspection and environmental reports and information as to zoning and other legal and regulatory changes
affecting the Borrowers and the Guarantors) as the Agent (or any Lender requesting through the Agent) may reasonably request. 
 Any material to
be delivered pursuant to this §7.4 may be delivered electronically directly to Agent and the Lenders provided that such material is in a format reasonably acceptable to Agent, and such material shall be deemed to have been delivered to Agent
and the Lenders upon Agent’s receipt thereof. Upon the request of Agent, Borrowers and the Guarantors shall deliver paper copies of the requested documents to Agent and the Lenders. Borrowers and the Guarantors authorize Agent and Arrangers to
disseminate any such materials through the use of Intralinks, SyndTrak or any other electronic information dissemination system, and the Borrowers and the Guarantors release Agent, Arrangers and the Lenders from any liability in connection
therewith. 
 §7.5 Notices. 
 (a) Defaults. The Borrowers will promptly upon becoming aware of same notify the Agent in writing of the occurrence of any Default or Event of Default, which notice

  
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shall describe such occurrence with reasonable specificity and shall state that such notice is a “notice of default”. If any Person shall give any notice or take any other action in
respect of a claimed default (whether or not constituting an Event of Default) under this Agreement or under any note, evidence of indebtedness, indenture or other obligation to which or with respect to which any Borrower, any Guarantor or any of
their respective Subsidiaries is a party or obligor, whether as principal or surety, and such default would permit the holder of such note or obligation or other evidence of indebtedness to accelerate the maturity thereof, which acceleration would
either cause a Default or have a Material Adverse Effect, the Borrowers shall forthwith give written notice thereof to the Agent and each of the Lenders, describing the notice or action and the nature of the claimed default. 

(b) Environmental Events. The Borrowers will give notice to the Agent within five (5) Business Days of becoming aware of
(i) any suspected or known Release, or threat of Release, of any Hazardous Substances in violation of any applicable Environmental Law that could result in liability, clean up, remediation, correction or other costs in excess of $1,000,000.00;
(ii) any violation of any Environmental Law that any Borrower, any Guarantor or any of their respective Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report
is made) to any federal, state or local environmental agency or (iii) any proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency
or board, that in any case involves (A) any Mortgaged Property, (B) any other Real Estate and could reasonably be expected to have a Material Adverse Effect, or (C) or the Agent’s liens or security title on the Collateral
pursuant to the Security Documents. 
 (c) Notification of Claims Against Collateral. The Borrowers will give notice to the
Agent in writing within five (5) Business Days of becoming aware of any material setoff, claims (including, with respect to the Mortgaged Property, environmental claims), withholdings or other defenses to which any of the Collateral, or the
rights of the Agent or the Lenders with respect to the Collateral, are subject. 
 (d) Notice of Litigation and Judgments. The
Borrowers will give notice to the Agent in writing within five (5) Business Days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting any Borrower, any Guarantor or any of
their respective Subsidiaries or to which any Borrower, any Guarantor or any of their respective Subsidiaries is or is to become a party involving an uninsured claim against any Borrower, any Guarantor or any of their respective Subsidiaries that
could reasonably be expected to either cause a Default or could have a Material Adverse Effect and stating the nature and status of such litigation or proceedings. The Borrowers will give notice to the Agent, in writing, in form and detail
reasonably satisfactory to the Agent and each of the Lenders, within ten (10) days of any judgment not covered by insurance, whether final or otherwise, against any Borrower, any Guarantor or any of their respective Subsidiaries in an amount in
excess of $10,000,000.00. 
 (e) [Intentionally Omitted]. 

(f) ERISA. The Borrowers will give notice to the Agent within ten (10) Business Days after any Borrower or any ERISA Affiliate
(i) gives or is required to give notice 

  
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to the PBGC of any “reportable event” (as defined in §4043 of ERISA) with respect to any Guaranteed Pension Plan, Multiemployer Plan or Employee Benefit Plan, or knows that the
plan administrator of any such plan has given or is required to give notice of any such reportable event; (ii) gives a copy of any notice of complete or partial withdrawal liability under Title IV of ERISA; or (iii) receives any notice
from the PBGC under Title IV or ERISA of an intent to terminate or appoint a trustee to administer any such plan. 
 (g)
Notification of Lenders. Within five (5) Business Days after receiving any notice under this §7.5, the Agent will forward a copy thereof to each of the Lenders, together with copies of any certificates or other written information that
accompanied such notice. 
 (h) Service Guarantees. The Borrowers will give notice to the Agent within two (2) Business
Days after (i) any failure by any Borrower to provide electrical power or internet service to a tenant or licensee under any Lease of a Mortgaged Property, (ii) any claim by tenants or licensees of a Mortgaged Property that they are
entitled, individually or in the aggregate, to free rent, partial rent, rebate of rent payments, credit, offset or deduction in rent in excess of $200,000.00 per occurrence or in excess of $800,000.00 in any twelve (12) month period, or
(iii) any failure to provide electrical power or internet service that gives rise to a termination right under any Lease of a Mortgaged Property. 
 §7.6 Existence; Maintenance of Properties. 
 (a) The Borrowers and
the Guarantors will, and will cause each of their respective Subsidiaries to, preserve and keep in full force and effect their legal existence in the jurisdiction of its incorporation or formation, except when (i) the Borrowers or the
Guarantors determine that such Subsidiaries are no longer necessary for the conduct of their business, (ii) such Subsidiaries are not a Borrower or Guarantor hereunder and (iii) no Material Adverse Effect results therefrom. The Borrowers
and Guarantors will preserve and keep in full force all of their rights and franchises and those of their Subsidiaries, the preservation of which is necessary to the conduct of their business. QTLP shall continue to own directly or indirectly one
hundred percent (100%) of the Borrowers, QTS Richmond TRS and the Additional Subsidiary Guarantors. From and after the time that REIT elects to be treated as a real estate investment trust under the Code (which date shall be no later than the
end of the calendar year in which the IPO Event occurs), Borrowers shall cause REIT to at all times comply with all requirements and applicable laws and regulations necessary to maintain REIT Status and continue to receive REIT Status. From and
after the IPO Event, Borrowers shall cause the common stock of REIT to at all times be listed for trading and be traded on the New York Stock Exchange or another national exchange approved by Agent, unless otherwise consented to by the Agent.

 (b) Each Borrower and each Guarantor (i) will cause all of its properties and those of its Subsidiaries used or useful
in the conduct of its business or the business of its Subsidiaries to be maintained and kept in good condition, repair and working order (ordinary wear and tear excepted) and supplied with all necessary equipment, and (ii) will cause to be made
all necessary repairs, renewals, replacements, betterments and improvements thereof, in all cases in which the failure so to do would have a material adverse effect on the condition of any Mortgaged Property or would cause a Material Adverse Effect.
Without limitation of the obligations of the Borrowers under this Agreement with respect to the maintenance of the 

  
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Mortgaged Properties, the Borrowers shall promptly and diligently comply in all material respects with the recommendations of the Environmental Engineer concerning the maintenance, operation or
upkeep of the Mortgaged Properties contained in the building inspection and environmental reports delivered to the Agent or otherwise obtained by Borrowers with respect to a Mortgaged Property. 

§7.7 Insurance; Condemnation. 
 (a) The Borrowers will, at their expense, procure and maintain for the benefit of the Borrowers and the Agent, insurance policies issued by such insurance companies, in such amounts, in such form and
substance, and with such coverages, endorsements, deductibles and expiration dates as are reasonably acceptable to the Agent, providing the following types of insurance covering each Mortgaged Property: 

(i) “All Risks” property insurance (including broad form earthquake (if a Mortgaged Property is in a high earthquake hazard
area as reasonably determined by Agent), coverage from loss or damage arising from acts of terrorism (with such coverage reasonably satisfactory to Agent), and comprehensive boiler and machinery coverages) on each Building and the contents therein
of the Borrowers in an amount not less than one hundred percent (100%) of the full replacement cost of each Building and the contents therein of the Borrowers or such other amount as the Agent may reasonably approve, with deductibles not to
exceed $25,000.00 (or $100,000.00 with respect to earthquake) for any one occurrence, with a replacement cost coverage endorsement, an agreed amount endorsement, and, if requested by the Agent, a contingent liability from operation of building laws
endorsement in such amounts as the Agent may reasonably require. Full replacement cost as used herein means the cost of replacing the Building (exclusive of the cost of excavations, foundations and footings below the lowest basement floor) and the
contents therein of the Borrowers without deduction for physical depreciation thereof; 
 (ii) During the course of
construction or repair of any Building, the insurance required by clause (i) above shall be written on a builders risk, completed value, non-reporting form, meeting all of the terms required by clause (i) above, covering the total value of
work performed, materials, equipment, machinery and supplies furnished, existing structures, and temporary structures being erected on or near the Mortgaged Property, including coverage against collapse and damage during transit or while being
stored off-site, and containing a soft costs (including loss of rents) coverage endorsement and a permission to occupy endorsement; 
 (iii) Flood insurance if at any time any Building is located in any federally designated “special flood hazard area” (including any area having special flood, mudslide and/or flood-related
erosion hazards, and shown on a Flood Hazard Boundary Map or a Flood Insurance Rate Map published by the Federal Emergency Management Agency as Zone A, AO, Al-30, AE, A99, AH, VO, V1-30, VE, V, M or E) and the broad form flood coverage required by
clause (i) above is not available, in an amount equal to the full replacement cost or the maximum amount then available under the National Flood Insurance Program; 
 (iv) Rent loss insurance in an amount sufficient to recover at least the total estimated gross receipts from all sources of income, including without limitation, rental income, for the Mortgaged Property
for a twelve (12) month period; 

  
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 (v) Commercial general liability insurance against claims for personal injury (to include,
without limitation, bodily injury and personal and advertising injury) and property damage liability, all on an occurrence basis, if commercially available, with such coverages as the Agent may reasonably request (including, without limitation,
contractual liability coverage, completed operations coverage for a period of two (2) years following completion of construction of any improvements on the Mortgaged Property, and coverages equivalent to an ISO broad form endorsement), with a
general aggregate limit of not less than $2,000,000.00, a completed operations aggregate limit of not less than $2,000,000.00, and a combined single “per occurrence” limit of not less than $1,000,000.00 for bodily injury, property damage
and medical payments; 
 (vi) During the course of construction or repair of any improvements on the Mortgaged Property,
owner’s contingent or protective liability insurance covering claims not covered by or under the terms or provisions of the insurance required by clause (v) above; 
 (vii) Employer’s liability insurance with respect to the Borrowers’ employees (or if the Borrowers have no employees, with respect to the employees of the managers under the Management
Agreements); 
 (viii) Umbrella liability insurance with limits of not less than $25,000,000.00 on terms consistent with the
commercial general liability insurance policy required under clause (v) above; 
 (ix) Workers’ compensation
insurance for all employees of the Borrowers or their Subsidiaries engaged on or with respect to the Mortgaged Property with limits as required by applicable law (or if Borrowers have no employees, for all employees of the managers under the
Management Agreements); and 
 (x) Upon thirty (30) days’ written notice, such other insurance in such form and in
such amounts as may from time to time be reasonably required by the Agent against other insurable hazards and casualties which at the time are commonly insured against in the case of properties of similar character and location to the Mortgaged
Property. 
 The Borrowers shall pay all premiums on insurance policies. The insurance policies with respect to all Mortgaged
Property provided for in clauses (v), (vi) and (viii) above shall name the Agent and each Lender as an additional insured and shall contain a cross liability/severability endorsement. The insurance policies provided for in clauses (i),
(ii), (iii) and (iv) above shall name the Agent as mortgagee and loss payee, shall be first payable in case of loss to the Agent, and shall contain mortgage clauses and lender’s loss payable endorsements in form and substance
acceptable to the Agent. The Borrowers shall deliver duplicate originals or certified copies of all such policies to the Agent, and the Borrowers shall promptly furnish to the Agent all renewal notices and evidence that all premiums or portions
thereof then due and payable have been paid. At least thirty (30) days prior to the expiration date of the policies, the Borrowers shall deliver to the Agent evidence of continued coverage, including a certificate of insurance, as may be
satisfactory to the Agent. 

  
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 (b) All policies of insurance required by this Agreement shall contain clauses or
endorsements to the effect that (i) no act or omission of the Borrowers or anyone acting for the Borrowers (including, without limitation, any representations made in the procurement of such insurance), which might otherwise result in a
forfeiture of such insurance or any part thereof, no occupancy or use of a Mortgaged Property for purposes more hazardous than permitted by the terms of the policy, and no foreclosure or any other change in title to a Mortgaged Property or any part
thereof, shall affect the validity or enforceability of such insurance insofar as the Agent is concerned, (ii) the insurer waives any right of set off, counterclaim, subrogation, or any deduction in respect of any liability of the Borrowers and
the Agent, (iii) such insurance is primary and without right of contribution from any other insurance which may be available, (iv) such policies shall not be modified, canceled or terminated prior to the scheduled expiration date thereof
without the insurer thereunder giving at least thirty (30) days prior written notice to the Agent by certified or registered mail, and (v) that the Agent or the Lenders shall not be liable for any premiums thereon or subject to any
assessments thereunder, and shall in all events be in amounts sufficient to avoid any coinsurance liability. 
 (c) The
insurance required by this Agreement may be effected through a blanket policy or policies covering additional locations and property of the Borrowers and other Persons not included in the Mortgaged Properties, provided that such blanket policy or
policies comply with all of the terms and provisions of this §7.7 and contain endorsements or clauses assuring that any claim recovery will not be less than that which a separate policy would provide, including, without limitation, a priority
claim provision with respect to property insurance and an aggregate limits of insurance endorsement in the case of liability insurance. 
 (d) All policies of insurance required by this Agreement shall be issued by companies licensed to do business in the State where the policy is issued and also in the States where the Mortgaged Property is
located and having a rating in Best’s Key Rating Guide of at least “A” and a financial size category of at least “X.” 
 (e) No Borrower shall carry separate insurance, concurrent in kind or form or contributing in the event of loss, with any insurance required under this Agreement unless such insurance complies with the
terms and provisions of this §7.7. 
 (f) In the event of any loss, damage or condemnation (which term, when used in this
Agreement, shall include any damage or taking by any Governmental Authority, quasi-Governmental Authority, any party having the power of condemnation, or any transfer by private sale in lieu thereof) to a Mortgaged Property, the Borrowers shall give
prompt written notice to the insurance carrier (other than with respect to a condemnation), and the Agent. Each Borrower hereby irrevocably authorizes and empowers the Agent, at the Agent’s option and in the Agent’s sole discretion or at
the request of the Required Lenders in their sole discretion, as its attorney in fact, to make proof of such loss, to adjust and compromise any claim under insurance policies, to appear in and prosecute any action arising from such insurance
policies or any action or proceeding relating to any condemnation of a Mortgaged Property, to collect and receive Insurance Proceeds and Condemnation Proceeds, and to deduct therefrom the Agent’s reasonable expenses incurred in the collection
of such Insurance Proceeds; provided, however, that so long as no Default or Event of Default has occurred and is continuing and so long as the applicable Borrower shall in good faith diligently pursue such claim, the applicable Borrower may make

  
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proof of loss and appear in any proceedings or negotiations with respect to the adjustment of such claim or condemnation, except that the applicable Borrower may not settle, adjust or compromise
any such claim or condemnation without the prior written consent of the Agent, which consent shall not be unreasonably withheld or delayed; provided, further, that the applicable Borrower may make proof of loss and adjust and compromise any claim
under casualty insurance policies which is in an amount less than two and one-half percent (2.5%) of the Appraised Value of the applicable Mortgaged Property so long as no Default or Event of Default has occurred and is continuing and so long
as the applicable Borrower shall in good faith diligently pursue such claim. The Borrowers further authorize the Agent, at the Agent’s option, to (i) apply the balance of such Insurance Proceeds and Condemnation Proceeds to the payment of
the Obligations whether or not then due, or (ii) if the Agent shall require the reconstruction or repair of a Mortgaged Property, to hold the balance of such proceeds as trustee to be used to pay taxes, charges, sewer use fees, water rates and
assessments which may be imposed on a Mortgaged Property and the Obligations as they become due during the course of reconstruction or repair of a Mortgaged Property and to reimburse the Borrowers, in accordance with such terms and conditions as the
Agent may prescribe, for the costs of reconstruction or repair of a Mortgaged Property, and upon completion of such reconstruction or repair to apply any excess to the payment of the Obligations. 

(g) Notwithstanding the foregoing or anything to the contrary contained in the Mortgages, the Agent shall make net Insurance Proceeds
and Condemnation Proceeds available to the Borrowers to reconstruct and repair the Mortgaged Property, in accordance with such terms and conditions as the Agent may prescribe in the Agent’s discretion for the disbursement of the proceeds,
provided that (i) the cost of such reconstruction or repair is not estimated by the Agent to exceed fifteen percent (15%) of the replacement cost of the damaged Building (as reasonably estimated by the Agent), (ii) no Default or Event
of Default shall have occurred and be continuing, (iii) the Borrowers shall have provided to the Agent additional cash security in an amount equal to the amount reasonably estimated by the Agent to be the amount in excess of such proceeds which
will be required to complete such repair or restoration, (iv) the Agent shall have approved the plans and specifications, construction budget, construction contracts, and construction schedule for such repair or restoration and reasonably
determined that the repaired or restored Mortgaged Property will provide the Agent with adequate security for the Obligations (provided that the Agent shall not disapprove such plans and specifications if the Building is to be restored to
substantially its condition immediately prior to such damage), (v) the Borrowers shall have delivered to the Agent written agreements binding upon not less than eighty-five percent (85%) of the tenants or other parties having present or
future rights to possession of any portion of the affected Mortgaged Property or having any right to require repair, restoration or completion of the Mortgaged Property or any portion thereof (determined by reference to those tenants or licensees in
the aggregate responsible for eighty-five percent (85%) of the rent or other monthly recurring charges under the Leases of the Mortgaged Property so damaged), agreeing upon a date for delivery of possession of the Mortgaged Property or their
respective portions thereof, to permit time which is sufficient in the judgment of the Agent for such repair or restoration and approving the plans and specifications for such repair or restoration, or other evidence satisfactory to the Agent that
none of such tenants or other parties may terminate their Leases as a result of such casualty or as a result of having a right to approve the plans and specifications for such repair or restoration and prior to the exhaustion or expiration of any
rental loss insurance coverage, (vi) the Agent shall reasonably determine that such repair or 

  
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reconstruction can be completed prior to the Maturity Date, (vii) the Agent shall receive evidence reasonably satisfactory to it that any such restoration, repair or rebuilding complies in
material all respects with any and all applicable state, federal and local laws, ordinances and regulations, including without limitation, zoning laws, ordinances and regulations, and that all required permits, licenses and approvals relative
thereto have been or will be issued in a manner so as not to materially impede the progress of restoration, (viii) the Agent shall receive evidence reasonably satisfactory to it that the insurer under such policies of fire or other casualty
insurance does not assert any defense to payment under such policies against any Borrower or the Agent, and (ix) with respect to any Taking, Agent shall determine that following such repair or restoration there shall be no more than the lesser
of (i) a five percent (5%) reduction in occupancy or income from the Mortgaged Property so affected by such specific condemnation or taking (excluding any proceeds from rental loss insurance or proceeds from such award allocable to rent)
or (ii) a ten percent (10%) reduction in occupancy or in income from all of the Mortgaged Properties (excluding any proceeds from rental loss insurance or proceeds of such award allocable to rent), after giving effect to the current
condemnation or taking and any previous condemnations or takings which may have occurred. Any excess Insurance Proceeds shall be paid to the Borrowers, or if an Event of Default has occurred and is continuing, such proceeds shall be applied to the
payment of the Obligations, unless in either case by the terms of the applicable insurance policy the excess proceeds are required to be returned to such insurer. Any excess Condemnation Proceeds shall be applied to the payment of the Obligations.
In no event shall the provisions of this section be construed to extend the Maturity Date or to limit in any way any right or remedy of the Agent upon the occurrence of an Event of Default hereunder. If the Mortgaged Property is sold or the
Mortgaged Property is acquired by the Agent, all right, title and interest of the Borrowers in and to any condemnation proceeds, insurance policies and unearned premiums thereon and in and to the proceeds thereof resulting from loss or damage to the
Mortgaged Property prior to the sale or acquisition shall pass to the Agent or any other successor in interest to the Borrowers or purchaser of the Mortgaged Property. 
 (h) The Borrowers will, at their expense, procure and maintain insurance covering the Borrowers and the Real Estate other than the Mortgaged Properties in such amounts and against such risks and
casualties as are customary for properties of similar character and location, due regard being given to the type of improvements thereon, their construction, location, use and occupancy. 

(i) [Intentionally Omitted]. 
 (j) If all or any part of a Mortgaged Property shall be damaged by fire or other casualty or loss, the applicable Borrower will promptly restore the Mortgaged Property to the equivalent of its original
condition; and if a part of a Mortgaged Property shall be damaged through condemnation, such Borrower will promptly restore, repair or alter the remaining portions of the Mortgaged Property in a manner reasonably satisfactory to Agent.
Notwithstanding the foregoing, no Borrower shall be obligated to so restore unless, in each instance, Agent agrees to make available to such Borrower (subject to the terms of this Agreement) any net insurance or condemnation proceeds actually
received by Agent in connection with such casualty loss or condemnation, to the extent such proceeds are required to defray the expense of such restoration; provided, however, that the insufficiency of any such insurance or condemnation proceeds to
defray the entire expense of restoration shall in no way relieve any Borrower of its obligation to restore the Mortgaged Property. 

  
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 §7.8 Taxes. The Borrowers and the Guarantors will, and will cause their
respective Subsidiaries to, duly pay and discharge, or cause to be paid and discharged, before the same shall become delinquent, all taxes, assessments and other governmental charges imposed upon them or upon the Mortgaged Properties or the other
Real Estate, sales and activities, or any part thereof, or upon the income or profits therefrom, provided that any such tax, assessment, charge or levy or charge need not be paid if the validity or amount thereof shall currently be contested
in good faith by appropriate proceedings which shall suspend the collection thereof with respect to such property, neither such property nor any portion thereof or interest therein would be in any danger of sale, forfeiture or loss by reason of such
proceeding and such Borrower, such Guarantor or any such Subsidiary shall have set aside on its books adequate reserves in accordance with GAAP; and provided, further, that forthwith upon the commencement of proceedings to foreclose
any lien that may have attached as security therefor, such Borrower, such Guarantor or any such Subsidiary either (i) will provide a bond issued by a surety reasonably acceptable to the Agent and sufficient to stay all such proceedings or
(ii) if no such bond is provided, will pay each such tax, assessment, charge or levy. 
 §7.9 Inspection of
Properties and Books. The Borrowers and the Guarantors will, and will cause their respective Subsidiaries to, permit the Agent, at the Borrowers’ expense, and the Lenders and upon reasonable prior notice, to visit and inspect any of the
properties of the Borrowers, the Guarantors’ or any of their respective Subsidiaries (subject to the rights of tenants or licensees under their Leases), to examine the books of account of the Borrowers, the Guarantors and their respective
Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrowers, the Guarantors and their respective Subsidiaries with, and to be advised as to the same by, their respective
officers, partners or members, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrowers shall
not be required to pay for such visits and inspections by the Agent more often than once in any twelve (12) month period. The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the interference with
and disruption to the normal business operations of the Borrowers, the Guarantors and their respective Subsidiaries. 

§7.10 Compliance with Laws, Contracts, Licenses, and Permits. The Borrowers and the Guarantors will, and will cause each of
their respective Subsidiaries to, comply in all respects with (i) all applicable laws and regulations now or hereafter in effect wherever its business is conducted, including all Environmental Laws, (ii) the provisions of its corporate
charter, partnership agreement, limited liability company agreement or declaration of trust, as the case may be, and other charter documents and bylaws, (iii) all agreements and instruments to which it is a party or by which it or any of its
properties may be bound, (iv) all applicable decrees, orders, and judgments, and (v) all licenses and permits required by applicable laws and regulations for the conduct of its business or the ownership, use or operation of its properties,
except: (A) with respect to Borrowers and Guarantors, where a failure to so comply with any of clauses (ii), (iii) and (iv) could not reasonably be expected to have a Material Adverse Effect, (B) with respect to Guarantors, where
a failure to so comply with either clause (i) or (v) could not reasonably be expected to have a Material Adverse Effect, and (C) with respect to Borrowers, 

  
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where a failure so to comply with either clause (i) or (v) would not result in material non-compliance with such laws, regulations, licenses or permits. If any authorization, consent,
approval, permit or license from any officer, agency or instrumentality of any government shall become necessary or required in order that the Borrowers, the Guarantors or their respective Subsidiaries may fulfill any of its obligations hereunder,
the Borrowers, the Guarantors or such Subsidiary will immediately take or cause to be taken all steps necessary to obtain such authorization, consent, approval, permit or license and furnish the Agent and the Lenders with evidence thereof. Borrowers
and Guarantors shall develop and implement such programs, policies and procedures as are necessary to comply with the Patriot Act and shall promptly advise Agent in writing in the event that Borrowers or Guarantors shall determine that any investors
in Borrowers or Guarantors are in violation of such act. 
 §7.11 Further Assurances. The Borrowers and the
Guarantors will, and will cause each of their respective Subsidiaries to, cooperate with the Agent and the Lenders and execute such further instruments and documents as the Lenders or the Agent shall reasonably request to carry out to their
satisfaction the transactions contemplated by this Agreement and the other Loan Documents. 
 §7.12 Title Insurance.

 The amount of title insurance coverage established by the Title Policies shall at all times be an amount equal to the greater
of (a) the Total Commitment, or (b) the Borrowing Base Value. 
 §7.13 Leases of the Property. 

(a) No Borrower will lease or license all or any portion of a Mortgaged Property without in each case the prior written consent of the
Agent not to be unreasonably withheld, conditioned or delayed, provided, however, that without the prior written consent of Agent, the applicable Borrower may enter into a new Lease, provided that such Lease satisfies the following requirements:
(i) the applicable Borrower is the sole lessor or licensor under such agreement and any agreements relating thereto; (ii) such Lease is unconditionally assignable by the applicable Borrower (including by collateral assignment),
(iii) with respect to any new “retail” Lease, such Lease is subordinate to the Agent’s lien (upon the terms and conditions set forth in the standard form of occupancy agreement or pursuant to subordination conditions contained in
the applicable Lease or a separate subordination agreement reasonably acceptable to Agent), (iv) with respect to any new “retail” Lease, is executed on the standard form of Master Space Agreement and Addendum to Master Space Agreement
Additional Terms and Conditions for Colocation and Internet Access attached hereto and made a part hereof as Exhibit D on market terms, with only such changes thereto that are consistent with sound leasing and management practices for similar
properties (it being acknowledged by Borrowers that the provisions of subparts (a)(i), (ii) and (iii) above in this §7.13 or the provisions of sections 10.5, 10.19 and 10.20 of the form of Master Space Agreement and Addendum may not
be changed without Agent’s prior written consent; and (v) with respect to any new “wholesale” Lease, such Lease is entered into upon market terms with customary lender protections, including an agreement of the tenant to
subordinate and attorn to Agent. In connection with any such Lease requiring the approval of Agent, the Borrowers will give notice to the Agent of any such 

  
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proposed new Lease of any Mortgaged Property and shall provide to the Agent a copy of such proposed Lease and any and all agreements or documents related thereto, current financial information
for the proposed tenant or licensee and any guarantor of the proposed Lease and such other information that the Agent may reasonably request. 
 (b) Borrowers shall not, and Borrowers shall not permit any other Affiliate of Borrowers to, amend, supplement, modify, grant any concessions to or waive performance of any obligations of any tenant or
licensee under any Lease in any material manner without the prior written consent of Agent, including, without limitation, any modification, amendment, supplement or waiver that (i) materially affects the financial rights or obligations of a
tenant or licensee, (ii) shortens the term of any Lease pertaining to a Mortgaged Property, (iii) materially increases the landlord’s or licensor’s obligations under the Lease, (iv) materially decreases the tenant’s or
licensee’s obligations under the Lease, (v) grants any concession or abatement of rent or other monetary obligation greater than five percent (5%) of Monthly Recurring Charges for such Lease, or greater than five percent (5%) of
Monthly Recurring Charges in the aggregate for such Mortgaged Property, (vi) modifies the assignability provisions of the Lease, (vii) amends or waives a provision otherwise required to be in a pre-approved form of such Lease as set forth
in §7.13(a) above, or (viii) otherwise amends, supplements, modifies or waives any provision of the Lease in any material manner. Borrowers shall not, and Borrowers shall not permit any other Affiliates of Borrowers, to consent to the
assigning or subletting of any Lease pertaining to a Mortgaged Property without the prior written consent of Agent, provided that a Borrower may consent to an assignment a Lease without the prior written consent of Agent with respect to any tenant
or licensee whose Lease, when aggregated with any other Leases by such tenant or licensee or its affiliates at such Mortgaged Property, contributes less than five percent (5%) of Monthly Recurring Charges for such Mortgaged Property.

 (c) Borrowers shall not, and Borrowers shall not permit any other Affiliate of Borrowers to, terminate, cancel or accept a
surrender of any Lease pertaining to a Mortgaged Property (other than the natural expiration of a Lease in accordance with its terms) without the prior written consent of Agent, provided that Borrower may cancel, terminate or accept a surrender of
such Lease without the prior written consent of Agent (i) with respect to any tenant or licensee which is in default of the payment obligations under a Lease and whose Lease, when aggregated with any other Leases by such tenant or licensee or
its affiliates at such Mortgaged Property, contributes less than five percent (5%) of Monthly Recurring Charges for such Mortgaged Property, and (ii) with respect to any tenant or licensee which is not in default of any payment obligations
under its Lease and whose Lease, when aggregated with any other Leases by such tenant or licensee or its affiliates at such Mortgaged Property, contributes less than two percent (2%) of the Monthly Recurring Charges for such Mortgaged Property.

 §7.14 Business Operations. The Borrowers, the Guarantors and their respective Subsidiaries shall operate their
respective businesses in substantially the same manner and in substantially the same fields and lines of business as such business is now conducted and in compliance with the terms and conditions of this Agreement and the Loan Documents. Borrowers
and Guarantors will not, and will not permit any Subsidiary to, directly or indirectly, engage in any line of business other than the ownership, operation and development of Data Center Properties or businesses incidental thereto. 

  
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 §7.15 Registered Servicemark. Except as set forth on Schedule 6.6,
without prior written notice to the Agent, none of the Mortgaged Properties shall be owned or operated by the Borrowers under any registered or protected trademark, tradename, servicemark or logo. In the event any of the Mortgaged Properties shall
be owned or operated under any registered or protected tradename, trademark, servicemark or logo, the applicable Borrower shall enter into an agreement with Agent, in form and substance satisfactory to Agent, granting to Agent, any successful bidder
at a foreclosure sale of such Mortgaged Property and any subsequent transferee the right and/or license to continue operating such Mortgaged Property under such tradename, trademark, servicemark or logo. 

§7.16 Ownership of Real Estate. Without the prior written consent of Agent, all Real Estate and all interests (whether direct
or indirect) of Parent Company in any real estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by a Wholly Owned Subsidiary of QTLP; provided, however that (a) QTLP shall
be permitted to own or lease interests in Real Estate through non-Wholly Owned Subsidiaries and Unconsolidated Affiliates as permitted by §8.3 and (b) QTLP and REIT shall be permitted to own or lease
its corporate headquarters. 
 §7.17 Distributions of Income to Parent Company. Parent Company shall cause all of
its Subsidiaries that are not Subsidiary Borrowers (subject to the terms of any loan documents under which such Subsidiary is the borrower) to promptly distribute to Parent Company (but not less frequently than once each calendar quarter, unless
otherwise approved by the Agent), whether in the form of dividends, distributions or otherwise, its share of all profits, proceeds or other income relating to or arising from its Subsidiaries’ use, operation, financing, refinancing, sale or
other disposition of their respective assets and properties after (a) the payment by each Subsidiary of its debt service, operating expenses, capital improvements and leasing commissions for such quarter and (b) the establishment of
reasonable reserves for the payment of operating expenses not paid on at least a quarterly basis and capital improvements and tenant/licensee improvements to be made to such Subsidiary’s assets and properties approved by such Subsidiary in the
course of its business consistent with its past practices. 
 §7.18 [Intentionally Omitted]. 

§7.19 Plan Assets. The Borrowers will do, or cause to be done, all things necessary to ensure that none of the Mortgaged
Properties will be deemed to be Plan Assets at any time. 
 §7.20 [Intentionally Omitted]. 

§7.21 Single Purpose Entity Requirements. The Borrowers and the SPE Entities hereby represent, warrant and covenant as
follows: 
 (a) Obligation to be a Single Purpose Entity. 

(i) Each Borrower has been a Single Purpose Entity at all times since its formation or change to a Single Purpose Entity and,
notwithstanding anything in this Agreement or any other Loan Document to the contrary, will continue to be a Single Purpose Entity at all times until the Loans have been paid in full and the Lenders have no further obligations to make advances of
the proceeds of the Loans. 

  
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 (ii) Each SPE Entity has been a Single Purpose Entity at all times since its formation or
change to a Single Purpose Entity and will continue to be a Single Purpose Entity at all times until the Loans have been paid in full and the Lenders have no further obligations to make advances of the proceeds of the Loans. 

(iii) The “single purpose entity” provisions included in the Entity Agreements (hereinafter defined) of the Borrowers and each
SPE Entity shall not, without Agent’s prior written consent, be amended, altered, rescinded or otherwise revoked until the Loans have been paid in full and the Lenders have no obligation to make advances of the proceeds of the Loans.

 (iv) Prior to the withdrawal or the disassociation of any SPE Entity from a Borrower or any other SPE Entity, such Borrower
or such SPE Entity shall immediately appoint a new general partner or managing member whose Entity Agreements are substantially similar to those of the original SPE Entity (provided that the foregoing shall not be construed as a consent to any
transfer). 
 (b) Definition of Single Purpose Entity. 

(i) Borrower Criteria. With respect to the Borrowers a “Single Purpose Entity” means a corporation, limited partnership or
limited liability company which, at all times since its formation or change to a Single Purpose Entity and thereafter complies with the following provisions and includes substantially similar provisions in its Entity Agreement (hereinafter defined):

 (A) Notwithstanding any other provision of any articles of incorporation, bylaws, limited partnership
agreement, limited liability company agreement, operating agreement or any other document governing the formation, management or operation of any Borrower (each an “Entity Agreement”), and notwithstanding any provision of law that
otherwise so empowers any Borrower, its members, partners, Board, any officer or any other Person, in addition to any other limitations set forth in its Entity Agreements, neither the members, partners, Board nor any officer nor any other Person
shall be authorized or empowered, nor shall they permit such Borrower to, and such Borrower shall not, without the prior unanimous written consent of the member or members, shareholders or partners (as applicable) and the Board (including all
Independent Directors), general partner or manager (as applicable), take any Material Action, provided, however, that a Board may not vote on, or authorize the taking of, any Material Action, unless there are at least two Independent Directors then
serving in such capacity. 
 (B) if such Borrower is (1) a limited liability company (other than a single
member limited liability company which satisfies the requirements of clause (C) below, in which case satisfaction of the provisions of §7.21(b)(ii) is not required), has had and shall have at least one (1) member that satisfies the
requirements of §7.21(b)(ii) below and such member is its managing member, or (2) a limited partnership, all of its general partners have satisfied and shall satisfy the requirements of §7.21(b)(ii) below; 

  
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 (C) if such Borrower is a single member limited liability company,
(1) such entity shall be formed and organized under Delaware law and otherwise comply with all other criteria of Agent for single member limited liability companies (including, without limitation, the inclusion of a Springing Member); and
(2) such entity shall have at least two (2) Independent Directors on its Board; 
 (D) if such
Borrower is a corporation, has had and shall have at least two (2) Independent Directors on its board of directors; 
 (E) The Board, general partner or manager (as applicable) and the member(s), shareholders or partners (as applicable) of any Borrower shall cause such Borrower to do or cause to be done all things
necessary to preserve and keep in full force and effect its existence, rights (charter and statutory) and franchises. Notwithstanding anything to the contrary in any Entity Agreement, the Board, general partner, member or manager (as applicable)
also shall cause such Borrower to and such Borrower shall: 
 a. maintain its books, records and bank accounts
separate from those of any other Person other than QTLP; 
 b. at all times hold itself out to the public and
all other Persons as a legal entity separate from its members, shareholders and partners and from any other Person; 
 c. if such Borrower is a corporation or a single member Delaware limited liability company, have its own Board; 
 d. file its own tax returns separate from those of any other Person, except to the extent that a Borrower is treated as a “disregarded entity” for tax purposes and is not required to file tax
returns under applicable law, and pay any taxes required to be paid under applicable law; 
 e. not commingle
its assets with assets of any other Person other than a Borrower or QTLP and only to the extent required under the Loan Documents; 
 f. conduct its business only in its own name and comply with all organizational formalities necessary to maintain its separate existence, except as otherwise expressly required under the Loan Documents or
consented to in writing by the Agent; 
 g. maintain separate financial statements, showing its assets and
liabilities separate and apart from those of any other Person and not have its assets listed on any financial statement of any other Person; provided, however, that a Borrower’s assets may be included in a consolidated financial statement of
its Affiliate provided that (i) appropriate notation shall be made on such consolidated financial statements to indicate the separateness of such Borrower from such Affiliate and to indicate that, except as contemplated by the Loan Documents,

  
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such Borrower’s assets and credit are not available to satisfy the debts and other obligations of such Affiliate or any other Person and (ii) such assets shall also be listed on such
Borrower’s own separate balance sheet; 
 h. pay its own liabilities and expenses only out of its own funds
or the funds of QTLP; 
 i. not enter into any transaction with an Affiliate of such Borrower except as
permitted by §8.3; 
 j. maintain a sufficient number of employees in light of its contemplated business
purpose and pay the salaries of its own employees, if any, only from its own funds; 
 k. except with respect to
the Obligations of the Borrowers and the Guarantors under the Loan Documents and the Hedge Obligations, not hold out its credit or assets as being available to satisfy the obligations of any other Person; 

l. allocate fairly and reasonably any overhead expenses that are shared with an affiliate, including for shared office
space and for services performed by an employee of an affiliate; 
 m. use separate stationery, invoices and
checks bearing its own name or the name of QTLP; 
 n. not pledge its assets to secure the obligations of any
other Person except with respect to the Obligations of the Borrowers and the Guarantors under the Loan Documents and the Hedge Obligations; 
 o. correct any known misunderstanding regarding its separate identity and not identify itself as a department or division of any other Person; 

p. maintain adequate capital in light of its contemplated business purpose, transactions and liabilities; provided,
however, that the foregoing shall not require the member(s), partners or shareholders (as applicable) of a Borrower to make additional capital contributions to such Borrower; 

q. cause its Board, if any, to meet at least annually or act pursuant to written consent and keep minutes of such
meetings and actions and observe all other limited liability company, corporation or limited partnership formalities under the law of the state in which a Borrower is organized; 

r. not acquire any obligation or securities of any member, shareholder or partner of a Borrower or of any Affiliate of
such Borrower any of its members, shareholders or partners; 

  
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 s. cause the directors, officers, agents and other representatives of a
Borrower to act at all times with respect to such Borrower consistently and in furtherance of the foregoing and in the best interests of such Borrower; and 
 t. compensate each of its consultants and agents from its funds for services provided to it and pay from its own assets all obligations of any kind incurred; provided; however, that this provision shall
not require any member, shareholder or partner (as applicable) of a Borrower to make any additional capital contributions to such Borrower. 
 (F) The failure of a Borrower, or manager, general partner or Board on behalf of such Borrower, to comply with any of the foregoing covenants or any other covenants contained its Entity Agreement shall
not affect the status of such Borrower as a separate legal entity or the limited liability of the members, directors or general partner. 
 (G) Notwithstanding anything to the contrary the Entity Agreements of a Borrower, the Board, general partner or manager (as applicable) shall not cause or permit such Borrower to and such Borrower shall
not: 
 a. guarantee any obligation of any Person, including any Affiliate or become obligated for the debts of
any other Person or hold out its credit as being available to pay the obligations of any other Person, except Obligations of another Borrower or Guarantor pursuant to the Loan Documents and the Hedge Obligations; 

b. engage in any business or activity, other than with respect to such Borrower, the ownership, operation and maintenance
of a Mortgaged Property and activities incidental thereto; 
 c. incur, create or assume any indebtedness or
liabilities other than indebtedness and liabilities incurred in the ordinary course of its business that are related to the ownership and operation of the Mortgaged Property and the provision of services to tenants, licensees and other users of the
Mortgaged Property in connection with the operation of the Mortgaged Property as a Data Center Property or associated with the ownership or lease of such Borrower’s equipment and other personal property owned by such Borrower and are expressly
permitted under the Loan Documents; 
 d. make or permit to remain outstanding any loan or advance to, or own or
acquire any stock or securities of, any Person, except that a Borrower may invest in those investments permitted under the Loan Documents and may make any advance required or expressly permitted to be made pursuant to any provisions of the Loan
Documents and permit the same to remain outstanding in accordance with such provisions; 

  
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 e. to the fullest extent permitted by law, engage in any dissolution,
liquidation, consolidation, merger, sale or transfer of substantially all of its assets other than such activities as are expressly permitted pursuant to the Loan Documents; 

f. buy or hold evidence of indebtedness issued by any other Person (other than cash or investment-grade securities);

 g. form, acquire or hold any subsidiary (whether corporate, partnership, limited liability company or other)
or own any equity interest in any other entity; 
 h. own any asset or property other than the Mortgaged
Property owned by such Borrower and incidental equipment and personal property necessary for the ownership or operation of such Mortgaged Property; or 
 i. permit any Affiliate or constituent party independent access to a Borrower’s bank accounts, except pursuant to or as required by the Loan Documents. 

(ii) SPE Entity Criteria. With respect to any SPE Entity, a “Single Purpose Entity” means a corporation or a Delaware single
member limited liability company which, at all times since its formation or change to such a Single Purpose Entity and thereafter complies in its own right with each of the requirements contained in §7.21(b)(i)(A)-(G) except that:

 (A) with respect to §7.21(b)(i)(G)(b.) the SPE Entity shall not engage in any business or activity other
than being the sole member or general partner, as the case may be, of the applicable Borrower and owning its Equity Interest in the applicable Borrower; 
 (B) with respect to §7.21(b)(i)(G)(h.), the SPE Entity has not and shall not acquire or own any assets other than its Equity Interest in the applicable Borrower; and 

(C) with respect to §7.21(b)(i)(G)(c.) the SPE Entity has not and shall not incur any debt, secured or unsecured,
direct or contingent (including, without limitation, guaranteeing any obligation) other than the Obligations and the Hedge Obligations. 
 §7.22 Power Generators. If any Borrower has, or under applicable law is required to maintain, a generator use permit, such Borrower, shall pay any fines with respect to its generator use
permit in a timely manner and shall not allow any such permits to terminate due to non-payment of fines or other defaults. 

§7.23 Material Agreements and Management Agreements. Borrowers and QTLP shall, and QTLP shall cause any Subsidiary of QTLP
to, (a) promptly perform and/or observe all of the material covenants and agreements required to be performed and observed by it under each Material Agreement and Management Agreement to which it is a party, and do all things 

  
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necessary to preserve and to keep unimpaired its rights thereunder, (b) promptly notify Agent in writing of the giving of any notice of any default by any party under any Material Agreement
or Management Agreement of which it is aware and (c) promptly enforce the performance and observance of all of the material covenants and agreements required to be performed and/or observed by the other party under each Material Agreement and
Management Agreement to which it is a party in a commercially reasonable manner. Neither Borrower, QTLP nor QTLP’s Subsidiaries shall without Agent’s prior written consent: (a) enter into, surrender or terminate any Material Agreement
or Management Agreement to which it is a party (unless the other party thereto is in material default and the termination of such agreement would be commercially reasonable), (b) increase or consent to the increase of the amount of any charges
under any Material Agreement or Management Agreement to which it is a party, except as provided therein or on an arms’-length basis and commercially reasonable terms; (c) transfer, assign or encumber any Material Agreement or Management
Agreement except to Agent pursuant to the Loan Documents; or (d) otherwise modify, change, supplement, alter or amend, or waive or release any of its rights and remedies under any Material Agreement or Management Agreement to which it is a
party in any material respect, except on an arm’s-length basis and commercially reasonable terms. After the Closing Date, all Material Agreements and Management Agreements relating to a Mortgaged Property shall be entered into solely by the
applicable Borrower unless otherwise approved in writing by Agent. 
 §7.24 [Intentionally Omitted]. 

§7.25 Property Condition Report. Not later than 45 days after the date of this Agreement, the Borrowers shall deliver to the
Agent a property condition report with respect to the Richmond Property from a firm of professional engineers or architects selected by the Borrowers and reasonably acceptable to the Agent addressing such matters as the Agent may reasonably require.
The Borrowers shall remedy any material deficiencies identified in such report that the Agent requests be remedied within such period of time reasonably required by the Agent. 
 §7.26 Creation of REIT. As a condition to the occurrence of the IPO Event, Borrowers and Guarantors agree, as follows: 

(a) all matters relating to the IPO Event, including, without limitation, the organizational structure and management of Parent Company
and its Subsidiaries following the occurrence of the IPO Event, shall be subject to the Agent’s approval, which approval shall not be unreasonably withheld, conditioned or delayed; 

(b) all of the formation and contribution agreements related to the IPO Event shall be in form and substance reasonably acceptable to
Agent; 
 (c) simultaneously with the occurrence of the IPO Event (i) QTLP shall become an “operating
partnership” which will own not less than 100% of the interests in Borrowers, (ii) the structure of the transaction shall be such that the financial results of QTLP and its Subsidiaries would be Consolidated with the accounts of REIT, and
(iii) REIT shall be the sole general partner of QTLP; 

  
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 (d) Borrowers and Guarantors shall cause REIT to execute such documents as Agent may
reasonably require to cause such Person to become a “Guarantor” under this Agreement and the other Loan Documents; and 
 (e) the Borrowers, Guarantors (including REIT) and the Agent shall enter into such amendments to the Loan Documents or other agreements as the Agent may reasonably require to reflect the creation of REIT.

  

	§8.	NEGATIVE COVENANTS. 

 The
Borrowers and the Guarantors, jointly and severally, covenant and agree that, so long as any Loan or Note is outstanding or any Lender has any obligation to make any Loans: 
 §8.1 Restrictions on Indebtedness. The Borrowers and the Guarantors will not, and will not permit their respective Subsidiaries to, create, incur, assume, guarantee or be or remain liable,
contingently or otherwise, with respect to any Indebtedness other than: 
 (a) Indebtedness to the Lenders arising under any of
the Loan Documents; 
 (b) Indebtedness to the Lender Hedge Providers in respect of any Hedge Obligations; 

(c) current liabilities of the Borrowers, the Guarantors or their respective Subsidiaries incurred in the ordinary course of business
but not incurred through (i) the borrowing of money, or (ii) the obtaining of credit except for credit on an open account basis customarily extended and in fact extended in connection with normal purchases of goods and services;

 (d) Indebtedness in respect of (i) taxes, assessments, governmental charges or levies and (ii) claims for labor,
materials and supplies to the extent that payment therefor shall not at the time be required to be made in accordance with the provisions of §7.8 or §8.20, as applicable; 

(e) Indebtedness arising under, or in connection with, the Corporate Credit Agreement in an aggregate amount not to exceed $540,000,000
and any Permitted Refinancing thereof; 
 (f) endorsements for collection, deposit or negotiation incurred in the ordinary
course of business; 
 (g) subject to the provisions of §9, (i) Secured Debt that is Recourse Indebtedness, provided
that the aggregate amount of such Indebtedness (together with the Obligations and the Hedge Obligations but excluding Indebtedness described in §8.1(e) ) shall not exceed fifteen percent (15%) of Gross Asset Value, and
(ii) Non-Recourse Indebtedness, provided that none of such Persons shall incur any of the Indebtedness described in this §8.1(g) in excess of $50,000,000 unless it shall have provided to the Agent prior written notice of the proposed
incurrence of such Indebtedness, a statement that the borrowing will not cause a Default or Event of Default and a Compliance Certificate demonstrating that the Borrowers and Guarantors will be in compliance with their covenants referred to therein
after giving effect to the incurrence of such Indebtedness; 

  
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 (h) the Indebtedness of QTLP with respect to the QTLP Subordinate Debt, which is
subordinated to the repayment of the Obligations and the Hedge Obligations pursuant to QTLP Subordination and Standstill Agreement; 
 (i) [Intentionally Omitted]; 
 (j) the Equipment Loan; and 

(k) subject to the provisions of §9, Unsecured Indebtedness of QTLP, REIT (following the occurrence of the IPO Event) or
Subsidiaries of QTLP that are not a Borrower, QTS Richmond TRS or an Additional Subsidiary Guarantor (or any direct or indirect owners of such Subsidiaries), provided that none of such Persons shall incur any of the Indebtedness described in this
§8.1(k) in excess of $50,000,000 unless it shall have provided to the Agent prior written notice of the proposed incurrence of such Indebtedness, a statement that the borrowing will not cause a Default or Event of Default and a Compliance
Certificate demonstrating that the Borrowers and Guarantors will be in compliance with its covenants referred to therein after giving effect to the incurrence of such Indebtedness. 

Notwithstanding anything in this Agreement to the contrary, (i) none of the Borrowers, QTS Richmond TRS, the Additional Subsidiary
Guarantors or any Subsidiaries of QTLP directly or indirectly owning a Borrower, QTS Richmond TRS or an Additional Subsidiary Guarantor shall create, incur, assume, guarantee or be or remain liable contingently or otherwise, with respect to any
Unsecured Indebtedness other than Indebtedness described in §§8.1(c), (d) and (f), (ii) none of the Indebtedness described in §8.1(g) above shall have any of the Mortgaged Properties or any interest therein or equipment
related thereto or any direct or indirect ownership interest in a Borrower, QTS Richmond TRS or an Additional Subsidiary Guarantor as collateral, a borrowing base, asset pool or any similar form of credit support for such Indebtedness (provided that
the foregoing shall not preclude Subsidiaries of the Parent Company (other than a Borrower, QTS Richmond TRS or an Additional Subsidiary Guarantor (or any direct or indirect owners of such Subsidiaries)) to incur Non-Recourse Indebtedness subject to
the terms of this §8.1 or recourse to the general credit of the Parent Company), and (iii) none of the Borrowers, QTS Richmond TRS, Additional Subsidiary Guarantors or any Subsidiary of QTLP directly or indirectly owning an interest
therein shall create, incur, assume, guarantee or be or remain liable, contingently or otherwise, with respect to any Indebtedness (including, without limitation, pursuant to any conditional or limited guaranty or indemnity agreement creating
liability with respect to usual and customary exclusions from the non-recourse limitations governing the Non-Recourse Indebtedness of any Person, or otherwise) other than Indebtedness described in
§§8.1(a)-(d), (f) and (j)(as to QIPM only) above. 
 §8.2 Restrictions on Liens, Etc. The Borrowers
and the Guarantors will not, and will not permit their Subsidiaries to (a) create or incur or suffer to be created or incurred or to exist any lien, security title, encumbrance, mortgage, pledge, charge, restriction or other security interest
of any kind upon any of their respective property or assets of any character whether now owned or hereafter acquired, or upon the income or profits therefrom; (b) transfer any of their 

  
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property or assets or the income or profits therefrom for the purpose of subjecting the same to the payment of Indebtedness or performance of any other obligation in priority to payment of its
general creditors; (c) acquire, or agree or have an option to acquire, any property or assets upon conditional sale or other title retention or purchase money security agreement, device or arrangement; (d) suffer to exist for a period of
more than thirty (30) days after the same shall have been incurred any Indebtedness or claim or demand against any of them that if unpaid could by law or upon bankruptcy or insolvency, or otherwise, be given any priority whatsoever over any of
their general creditors; (e) sell, assign, pledge or otherwise transfer any accounts, contract rights, general intangibles, chattel paper or instruments, with or without recourse, as part of a financing transaction; or (f) incur or
maintain any obligation to any holder of Indebtedness of any of such Persons which prohibits the creation or maintenance of any lien securing the Obligations or the Hedge Obligations (collectively, “Liens”); provided that
notwithstanding anything to the contrary contained herein, the Borrowers, the Guarantors and any such Subsidiary may create or incur or suffer to be created or incurred or to exist: 

(i) (A) Liens on properties to secure taxes, assessments and other governmental charges (excluding any Lien imposed pursuant to any of
the provisions of ERISA or pursuant to any Environmental Laws) or claims for labor, material or supplies incurred in the ordinary course of business in respect of obligations not then delinquent or not otherwise required to be paid or discharged
under the terms of this Agreement or any of the other Loan Documents and (B) Liens in respect of judgments (I) on assets other than the Collateral and any direct or indirect interest of Parent Company or any Subsidiary of Parent Company in
any Borrower, QTS Richmond TRS or any Additional Subsidiary Guarantor only to the extent and for the period and for an amount not constituting an Event of Default, or (II) on a Mortgaged Property but only to the extent such Lien is fully released
and discharged from the Mortgaged Property prior to the first to occur of the date that is sixty (60) days after such Lien attaches to the Mortgaged Property or the commencement of any action to enforce such judgment against the Mortgaged
Property; 
 (ii) deposits or pledges made in connection with, or to secure payment of, workers’ compensation,
unemployment insurance, old age pensions or other social security obligations; 
 (iii) Liens consisting of (A) Liens on
Real Estate or assets relating thereto (including the rents, issues and profits therefrom), other than Real Estate that constitutes a Mortgaged Property or any interest therein (including the rents, issues and profits therefrom) or assets related
thereto, securing Indebtedness which is permitted by §8.1(e) and and §8.1(g) or (B) liens consisting of pledges of security interests in the ownership interests of any Subsidiary which is not a Borrower or the direct or indirect owner
of an interest in a Borrower securing Indebtedness which is permitted by §8.1(g); 
 (iv) encumbrances on properties other
than the Mortgaged Property consisting of easements, rights of way, zoning restrictions, restrictions on the use of real property and defects and irregularities in the title thereto, landlord’s or lessor’s liens under leases to which the
Borrowers or any such Subsidiary is a party, purchase money security interests and other liens or encumbrances, which do not individually or in the aggregate have a Material Adverse Effect; 

  
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 (v) Liens in favor of the Agent and the Lenders under the Loan Documents to secure the
Obligations and the Hedge Obligations; 
 (vi) Liens and encumbrances on a Mortgaged Property expressly permitted under the
terms of the Mortgage relating thereto; 
 (vii) Liens in favor of the Equipment Lender under the Equipment Loan Documents to
secure the obligations thereunder; and 
 (viii) Liens by Parent Company or its Subsidiaries (other than a Borrower, QTS
Richmond TRS or an Additional Subsidiary Guarantor (or any direct or indirect owners of such Subsidiaries)), on Cash or Cash Equivalents. 
 Notwithstanding anything in this Agreement to the contrary, (x) no Subsidiary of Parent Company that owns a direct or indirect interest in a Borrower, QTS Richmond TRS or an Additional Subsidiary
Guarantor (or any direct or indirect owners of such Subsidiaries) shall create or incur or suffer to be created or incurred or to exist any Lien other than Liens contemplated in §§8.2(i), (ii), (v), and (vi) and (y) neither QTLP
nor REIT (following the occurrence of the IPO Event) shall create or suffer to be created or incurred or to exist any Lien other than Liens contemplated in §8.2(i), (ii), (iii)(A) (as to the headquarters building of REIT or QTLP only),
(iii)(B), (iv) or (viii). 
 §8.3 Restrictions on Investments. Neither the Borrowers nor the Guarantors will,
nor will they permit any of their respective Subsidiaries to, make or permit to exist or to remain outstanding any Investment except Investments in: 
 (a) Cash Equivalents; 
 (b) marketable direct or guaranteed obligations of the
United States of America that mature within one (1) year from the date of purchase by such Borrower, such Guarantor or such Subsidiary; 
 (c) [Intentionally Omitted]; 
 (d) demand deposits, certificates of deposit,
bankers acceptances and time deposits of United States banks having total assets in excess of $100,000,000; provided, however, that the aggregate amount at any time so invested with any single bank having total assets of less than $1,000,000,000
will not exceed $200,000; 
 (e) repurchase agreements having a term not greater than ninety (90) days and fully secured
by securities described in the foregoing subsection (a), (b) or (c) with banks described in the foregoing subsection (d) or with financial institutions or other corporations having total assets in excess of $500,000,000; 

(f) shares of so-called “money market funds” registered with the SEC under the Investment Company Act of 1940 which maintain a
level per-share value, invest principally in investments described in the foregoing subsections (b) through (e) and have total assets in excess of $50,000,000; 

  
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 (g) the acquisition of fee interests or long-term ground lease interests by Parent Company
or its Subsidiaries in (i) Real Estate which is utilized for income-producing Data Center Properties located in the continental United States or the District of Columbia and businesses and investments incidental thereto, and (ii) subject
to the restrictions set forth in this §8.3, the acquisition of Land Assets to be developed for the foregoing purposes and Development Properties to be used for the purposes set forth in §8.3(g)(i); 

(h) Investments by QTLP and its Subsidiaries in (i) Wholly Owned Subsidiaries of QTLP, or (ii) entities that upon completion
of a transaction will be a Wholly Owned Subsidiary of QTLP; 
 (i) Investments in Development Properties, provided that the
aggregate Investment therein shall not exceed twenty-five percent (25%) of Gross Asset Value; 
 (j) Investments in Land
Assets, provided that the aggregate Investment therein shall not exceed five percent (5%) of Gross Asset Value; 
 (k)
Investments by QTLP in non-Wholly Owned Subsidiaries and Unconsolidated Affiliates, provided that the aggregate Investment therein shall not exceed ten percent (10%) of Gross Asset Value; 

(l) Investments (i) in equipment which will be incorporated into the development of Data Center Properties or the corporate
headquarters of Parent Company and its Subsidiaries, (ii) with utility companies to bring critical power to Data Center Properties, and (iii) with fiber optic companies to bring fiber optics to Data Center Properties; 

(m) Investments in the Bonds or any security instruments securing the Bonds; 

(n) Investments by QTLP and REIT (after the occurrence of the IPO Event) in Real Estate to be used by QTLP and REIT (after the
occurrence of the IPO Event) as their corporate headquarters; and 
 (o) After the occurrence of the IPO Event, Investments by
Parent Company in QTLP. 
 Notwithstanding the foregoing, (x) in no event shall the aggregate value of the holdings of Parent Company and
its Subsidiaries in the Investments described in §8.3(i)-(k) exceed thirty-five percent (35%) of Gross Asset Value at any time and (y) in no event shall
the Borrowers, the Guarantors or any of their respective Subsidiaries have any Investments in mortgages or notes receivable, except with respect to the Investments permitted in §8.3(m). 
 For the purposes of this §8.3, the Investment of Parent Company or its Subsidiaries in any non-Wholly Owned Subsidiaries and Unconsolidated Affiliates will
equal (without duplication) the sum of such Person’s pro rata share of any Investments valued at the GAAP book value. 

§8.4 Merger, Consolidation. Borrowers and Guarantors will not, and will not permit any of their respective Subsidiaries to,
become a party to any dissolution, liquidation, disposition of all or substantially all of its assets or business, merger, reorganization, 

  
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consolidation or other business combination or agree to effect any asset acquisition, stock acquisition or other acquisition individually or in a series of transactions which may have a similar
effect as any of the foregoing, except for (i) the merger or consolidation of one or more of the Subsidiaries of QTLP (other than any Subsidiary that is a Borrower, QTS Richmond TRS or an Additional Subsidiary Guarantor (or any direct or
indirect owners of such Subsidiaries)) with and into QTLP (it being understood and agreed that in any such event QTLP will be the surviving Person), (ii) the merger or consolidation of two or more Subsidiaries of QTLP (other than a Borrower or
a Guarantor), (iii) any dissolution of a Subsidiary of QTLP (other than a Borrower or a Guarantor) that owns no assets, (iv) dispositions permitted by §8.8, (v) a merger of a Person with QTLP or a Subsidiary of QTLP (other than a
Subsidiary which is a Borrower, QTS Richmond TRS or an Additional Subsidiary Guarantor (or any direct or indirect owners of such Subsidiaries)), so long as (A) such Person was organized under the laws of the United States of America or one of
its states; (B) if the surviving Person shall be QTLP if QTLP is a party thereto or such Subsidiaries of QTLP; (C) the Borrowers’ Representative shall have given the Agent at least ten (10) Business Days’ prior written
notice of such merger; (D) such merger is completed as a result of negotiations with the approval of the board of directors or similar body of such Person and is not a so called “hostile takeover”; (E) following such merger,
Parent Company and its Subsidiaries will continue to be engaged solely in the businesses permitted by §7.14, and (vi) Investments constituting asset acquisitions permitted by §8.3 and which are not mergers, reorganizations,
consolidations or business combinations; provided that no such merger, consolidation or acquisition shall be permitted in the event that a Default or Event of Default exists immediately before or would exist after giving effect thereto. 

§8.5 Sale and Leaseback. The Borrowers and the Guarantors will not, and will not permit their respective Subsidiaries, to
enter into any arrangement, directly or indirectly, whereby any Borrower, any Guarantor or any such Subsidiary shall sell or transfer any Real Estate owned by it in order that then or thereafter such Borrower or any such Subsidiary shall lease back
such Real Estate without the prior written consent of Agent, such consent not to be unreasonably withheld. 
 §8.6
Compliance with Environmental Laws. None of the Borrowers or the Guarantors will, nor will any of them permit any of its respective Subsidiaries or any other Person to, do any of the following: (a) use any of the Real Estate or any
portion thereof as a facility for the handling, processing, storage or disposal of Hazardous Substances, except for quantities of Hazardous Substances used in the ordinary course of operating large-scale data centers and in material compliance with
all applicable Environmental Laws, (b) cause or permit to be located on any of the Real Estate any underground tank or other underground storage receptacle for Hazardous Substances except in material compliance with Environmental Laws,
(c) generate any Hazardous Substances on any of the Real Estate except in material compliance with Environmental Laws, (d) conduct any activity at any Real Estate or use any Real Estate in any manner that could reasonably be contemplated
to cause a Release of Hazardous Substances on, upon or into the Real Estate or any surrounding properties or any threatened Release of Hazardous Substances which might give rise to material liability under CERCLA or any other Environmental Law, or
(e) directly or indirectly transport or arrange for the transport of any Hazardous Substances (except in material compliance with all Environmental Laws), except, with respect to any Real Estate other than a Mortgaged Property where any such
use, generation, conduct or other activity has not had and could not reasonably be expected to have a Material Adverse Effect. 

  
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 The Borrowers shall: 

(i) in the event of any change in Environmental Laws governing the assessment, release or removal of Hazardous Substances, take all
reasonable action (including, without limitation, the conducting of engineering tests at the sole expense of the Borrowers) to confirm that no Hazardous Substances are or ever were Released or disposed of on the Mortgaged Properties in violation of
the applicable Environmental Law as so changed; and 
 (ii) if any Release or disposal of Hazardous Substances which any Person
may be legally obligated to contain, correct or otherwise remediate or which may otherwise expose it to liability shall occur or shall have occurred on any Mortgaged Property (including without limitation any such Release or disposal occurring prior
to the acquisition or leasing of such Mortgaged Property by the Borrowers), the Borrowers shall, after obtaining knowledge thereof, cause the prompt containment and removal of such Hazardous Substances and remediation of the Mortgaged Property in
full compliance with all applicable Environmental Laws; provided, that each of the Borrowers shall be deemed to be in compliance with Environmental Laws for the purpose of this clause (ii) so long as it or a responsible third party with
sufficient financial resources is taking reasonable action to remediate or manage any event of noncompliance to the satisfaction of the Agent and no action shall have been commenced by any enforcement agency. The Agent may engage its own
Environmental Engineer to review the environmental assessments and the compliance with the covenants contained herein. 
 At any
time after an Event of Default shall have occurred and is continuing hereunder the Agent may at its election (and will at the request of the Required Lenders) obtain such environmental assessments of any or all of the Mortgaged Properties prepared
by an Environmental Engineer as may be necessary or advisable for the purpose of evaluating or confirming (i) whether any Hazardous Substances are present in the soil or water at or adjacent to any such Mortgaged Property and (ii) whether
the use and operation of any such Mortgaged Property complies with all Environmental Laws to the extent required by the Loan Documents. Additionally, at any time that the Agent or the Required Lenders shall have reasonable grounds to believe that a
Release or threatened Release of Hazardous Substances which any Person may be legally obligated to contain, correct or otherwise remediate or which otherwise may expose such Person to liability may have occurred, relating to any Mortgaged Property,
or that any of the Mortgaged Property is not in compliance with Environmental Laws to the extent required by the Loan Documents, Borrowers shall promptly upon the request of Agent obtain and deliver to Agent such environmental assessments of such
Mortgaged Property prepared by an Environmental Engineer as may be reasonably necessary or advisable for the purpose of evaluating or confirming (i) whether any Hazardous Substances are present in the soil or water at or adjacent to such
Mortgaged Property at levels that would require remediation under applicable Environmental Law and (ii) whether the use and operation of such Mortgaged Property comply with all Environmental Laws to the extent required by the Loan Documents.
Environmental assessments may include detailed visual inspections of such Mortgaged Property including, without limitation, any and all storage areas, storage tanks, drains, dry wells and leaching areas, and the taking of soil samples, as well as
such other investigations or analyses as are reasonably necessary or appropriate for a complete determination of the compliance of such Mortgaged 

  
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Property and the use and operation thereof with all applicable Environmental Laws. All environmental assessments contemplated by this §8.6 shall be at the sole cost and expense of the
Borrowers. 
 §8.7 Distributions. 
 (a) Neither QTLP nor, after the IPO Event, REIT, shall pay any Distribution to its respective partners, members or other owners, if such Distribution is in excess of the amount which when added to the
amount of all other Distributions paid in the same calendar quarter and the preceding three (3) calendar quarters, plus any amounts paid by QTLP pertaining to the QTLP Subordinate Debt (subject to the last sentence of this §8.7(a)), would
exceed the sum of ninety percent (90%) of such Person’s Funds from Operations for such period plus any interest expense relating to the QTLP Subordinate Note deducted in calculating Funds from Operations for such period; provided that the
limitations contained in this §8.7(a) shall not preclude (1) prior to the IPO Event, QTLP from making Distributions in an amount equal to the minimum distributions required under the Code to maintain the REIT Status of General Atlantic, as
evidenced by a certification of the principal financial or accounting officer of QTLP containing calculations in detail reasonably satisfactory in form and substance to the Agent, and (2) after the occurrence of the IPO Event, Parent Company
and QTLP from making Distributions in an amount equal to the minimum distributions required under the Code to maintain the REIT Status of REIT following the date that REIT elects to be a real estate investment trust under the Code, as evidenced by a
certification of the principal financial or accounting officer of Parent Company containing calculations in detail reasonably satisfactory in form and substance to the Agent. Notwithstanding the foregoing, any amounts paid by QTLP pertaining to the
QTLP Subordinate Debt from proceeds of any Equity Offering shall not be included in any calculation to determine Borrowers’ compliance with the limitation on Distributions contained in this §8.7(a) so long as (i) no Default or Event
of Default then exists, (ii) such proceeds are actually applied to the QTLP Subordinate Debt within two (2) Business Days of the Equity Offering, and (iii) the amount of funds applied to the QTLP Subordinate Debt from such Equity
Offering do not exceed Thirty Million and No/100 Dollars ($30,000,000.00). 
 (b) In the event that an Event of Default shall
have occurred and be continuing, (i) Borrowers shall make no Distributions, and (ii) QTLP and REIT shall make no Distributions to its respective partners, members or other owners, other than (1) prior to the IPO Event, Distributions
in an amount equal to the minimum distributions required under the Code to maintain the REIT Status of General Atlantic, as evidenced by a certification of the principal financial or accounting officer of QTLP containing calculations in detail
reasonably satisfactory in form and substance to the Agent, and (2) after the IPO Event, if REIT exists and has elected REIT Status, Distributions in an amount equal to the minimum distributions required under the Code to maintain the REIT
Status of REIT, as evidenced by a certification of the principal financial or accounting officer of Parent Company containing calculations in detail reasonably satisfactory in form and substance to the Agent. 

(c) Notwithstanding the foregoing, at any time when an Event of Default under §12.1(a), (b), (h), (i) or (j) shall have
occurred or the maturity of the Obligations has been accelerated, Borrowers, QTLP and REIT shall not make any Distributions whatsoever, directly or indirectly. 
 (d) The foregoing provisions in this §8.7 shall not limit the ability of REIT or QTLP (i) to retain, acquire, relinquish or sell stock awarded to its employees pursuant to equity compensation
programs in the ordinary course of business in order to pay applicable withholding tax obligations of such employee or (ii) to issue, to obtain the surrender of, or relinquish Equity Interests upon the exercise of stock options, warrants or
other rights to acquire Equity Interests. 

  
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 §8.8 Asset Sales. The Borrowers and the Guarantors will not, and will not permit
their respective Subsidiaries to, sell, transfer or otherwise dispose of any material asset other than pursuant to a bona fide arm’s length transaction. Neither any Borrower, any Guarantor nor any Subsidiary thereof shall sell, transfer or
otherwise dispose of any Real Estate in one transaction or a series of transactions during any four (4) consecutive fiscal quarters in excess of an amount equal to twenty-five percent (25%) of Gross Asset Value, except as the result of a
condemnation or casualty and except for the granting of Permitted Liens, as applicable, without the prior written consent of Agent and the Required Lenders. For the purpose of calculating the twenty-five
(25%) threshold in the preceding sentence, in the event of any sale, transfer or other disposition of any Real Estate by Parent Company or any Subsidiary to any Person which is a non-Wholly Owned Subsidiary, only the portion of the Real Estate
in which QTLP or the transferring Subsidiary does not retain an interest shall be counted toward such threshold. A transfer from Parent Company or any Subsidiary to a Wholly Owned Subsidiary of QTLP or among Wholly Owned Subsidiaries of QTLP shall
not count against the twenty five percent (25%) limit. 
 §8.9 Cross Collateralization. No Borrower or
Guarantor shall Cross Collateralize, or agree to Cross Collateralize, Indebtedness. 
 §8.10 Restriction on Prepayment
of Indebtedness. The Borrower and the Guarantors will not, and will not permit their respective Subsidiaries to, (a) subject to §12.5, prepay, redeem, defease, purchase or otherwise retire the principal amount or pay any termination,
breakage or similar payments under Derivative Contracts, in whole or in part, of any Indebtedness other than the Obligations and the Hedge Obligations after the occurrence and during the continuance of any Event of Default; provided, that the
foregoing shall not prohibit (x) the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of §8.1; and (y) the prepayment, redemption, defeasance or other
retirement of the principal of Indebtedness secured by Real Estate which is satisfied solely from the proceeds of a sale of the Real Estate securing such Indebtedness; and (b) modify any document evidencing any Indebtedness (other than the
Obligations) to accelerate the maturity date of such Indebtedness after the occurrence and during the continuance of an Event of Default. 
 §8.11 Zoning and Contract Changes and Compliance. No Borrower shall initiate or consent to any zoning reclassification of any of its Mortgaged Property or seek any variance under any existing
zoning ordinance or use or permit the use of any Mortgaged Property in any manner that could result in such use becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation without the prior
written consent of Agent. No Borrower shall initiate any change in any laws, requirements of governmental authorities or obligations created by private contracts (other than the Leases, which are governed by §7.13) which now or hereafter may
materially adversely affect the ownership, occupancy, use or operation of any Mortgaged Property. 

  
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 §8.12 Derivatives Contracts. Neither the Borrowers, the Guarantors nor any of
their Subsidiaries shall contract, create, incur, assume or suffer to exist any Derivatives Contracts except for Hedge Obligations and interest rate swap, collar, cap or similar agreements providing interest rate protection and currency swaps and
currency options (including any Hedge Obligations) made in the ordinary course of business and permitted pursuant to §8.1. 

§8.13 Transactions with Affiliates. Neither the Borrowers nor the Guarantors shall, and none of them shall permit any
Subsidiary of any Borrower or any Guarantor to, permit to exist or enter into, any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate (but not including any Wholly Owned
Subsidiary of QTLP), except transactions pursuant to the reasonable requirements of the business of such Person and upon fair and reasonable terms which are substantially no less favorable to such Person than would be obtained in a comparable
arm’s length transaction with a Person that is not an Affiliate. 
 §8.14 Equity Pledges. 

(a) Except as may be permitted in the definition of “Change of Control” in §1.1, prior to the IPO Event, QTLP will not
create or incur or suffer to be created or incurred any Lien on any of its direct or indirect legal, equitable or beneficial interest in the Borrowers, including, without limitation, any Distributions or rights to Distributions on account thereof.

 (b) Notwithstanding anything in this Agreement to the contrary, neither Parent Company nor any of its Subsidiaries, will
create or incur or suffer to be created or incurred any Lien on any of its direct or indirect legal, equitable or beneficial interest in any Borrower, including, without limitation, any Distributions or rights to Distributions on account thereof.

 §8.15 Management Fees. Borrowers shall not pay, and shall not permit to be paid, any management fees or other
payments under any Management Agreement for any Mortgaged Property to QTS Richmond TRS or any other manager or service provider that is an Affiliate of any Borrower in the event that a Default or Event of Default shall have occurred and be
continuing. 
 §8.16 [Intentionally Omitted]. 

§8.17 [Intentionally Omitted]. 
 §8.18 [Intentionally Omitted]. 
 §8.19 Subordinate Debt.
QTLP shall be permitted to pay amounts with respect to the “Subordinate Debt” (as defined in the QTLP Subordination and Standstill Agreement) only at such times and to the extent that no Default or Event of Default exists or would arise as
a result thereof. Without the prior written consent of the Required Lenders, which consent may be withheld by the Required Lenders in their sole and absolute discretion, QTLP shall not (i) modify or amend the Subordinate Debt, (ii) prepay,
amortize, purchase, retire, redeem or otherwise acquire the Subordinate Debt, except as expressly permitted in the QTLP Subordination and Standstill Agreement, or (iii) make any payments on the Subordinate Debt except as permitted in this
§8.19. 

  
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 §8.20 Liens. No Borrower will suffer or permit any mechanics’ lien claims
to be filed or otherwise asserted against its respective Mortgaged Property, and will promptly discharge the same in case of the filing of any claims for lien or proceedings for the enforcement thereof, provided, however, that such Borrower shall
have the right to contest in good faith and with reasonable diligence the validity of any such lien or claim provided that such Borrower posts a statutory lien bond which removes such lien from title to the Mortgaged Property within ten
(10) days of the filing of the lien. If any Borrower shall fail promptly either (i) to discharge any such lien, or (ii) post a statutory lien bond Agent may, at its election (but shall not be required to), procure the release and
discharge of any such claim and any judgment or decree thereon and, further, may in its sole discretion effect any settlement or compromise of the same, or may furnish such security or indemnity to the Title Insurance Company, and any amounts so
expended by Agent, including premiums paid or security furnished in connection with the issuance of any surety company bonds, shall be deemed to constitute a disbursement of the Loan hereunder. In settling, compromising or discharging any claims for
lien, Agent shall not be required to inquire into the validity or amount of any such claim. 
 §8.21 Management
Agreements. The Borrowers shall not enter into any Management Agreement with a third party manager or provider of special data center services, including, without limitation, those similar to the services provided by QTS Richmond TRS at the
Richmond Property, or receiving consideration from a tenant or licensee, for the Mortgaged Property without the prior written consent of the Required Lenders (which shall not be unreasonably withheld), and after such approval, no such Management
Agreement shall be modified in any material respect or terminated without Required Lender’s prior written approval, such approval not to be unreasonably withheld. Agent may condition any approval of a new manager or service provider upon the
execution and delivery to Agent of collateral assignment of such Management Agreement to Agent and a subordination of the manager’s or service provider’s rights thereunder to the rights of the Agent and the Lenders under the Loan
Documents. 
  

	§9.	FINANCIAL COVENANTS. 

 The
Borrowers and the Parent Company, jointly and severally, covenant and agree that, so long as any Loan or Note is outstanding or any Lender has any obligation to make any Loans: 

§9.1 Borrowing Base. The Borrowers shall not permit at any time the outstanding principal balance of the Loans to be greater
than the Borrowing Base Value. 

  
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 §9.2 Minimum Borrowers Debt Yield. The Borrowers will not at any time during any
period set forth in the table below permit the Borrowers Debt Yield to be less than the percentage corresponding to such period. 
  

					
	 Period
	  	Borrowers Debt
Yield	 
	 Closing Date to but excluding June 30, 2013
	  	 	12.00	% 
	 June 30, 2013 to but excluding December 31, 2013
	  	 	13.00	% 
	 December 31, 2013 to but excluding March 31, 2014
	  	 	14.50	% 
	 March 31, 2014 to but excluding December 31, 2015
	  	 	16.250	% 
	 On and after December 31, 2015
	  	 	18.00	% 

 §9.3 Minimum Borrowing Base Debt Service Coverage Ratio. The Borrowers will not at any time
during any period set forth in the table below permit the Borrowing Base Debt Service Coverage Ratio to be less than the percentage corresponding to such period. 
  

			
	 Period
	  	Borrowing Base
Debt Service
Coverage Ratio
	 Closing Date to but excluding June 30, 2013
	  	1.30 to 1.00
	 June 30, 2013 to but excluding December 31, 2013
	  	1.40 to 1.00
	 December 31, 2013 to but excluding March 31, 2014
	  	1.60 to 1.00
	 March 31, 2014 to but excluding December 31, 2015
	  	1.750 to 1.00
	 On and after December 31, 2015
	  	2.00 to 1.00

 §9.4 Consolidated Total Indebtedness to Gross Asset Value. Parent Company will not at any
time permit Consolidated Total Indebtedness to exceed fifty-five percent (55%) of Parent Company’s Gross Asset Value. 
 §9.5 Adjusted Consolidated EBITDA to Consolidated Fixed Charges. Parent Company will not permit at any time the ratio of (a) Adjusted Consolidated EBITDA to (b) Consolidated Fixed
Charges for the two (2) most recently ended calendar quarters annualized, to be less than 1.75 to 1.00. 

  
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 §9.6 Minimum Consolidated Tangible Net Worth. Parent Company will not at any
time permit Parent Company’s Consolidated Tangible Net Worth to be less than the sum of (a) eighty-five percent (85%) of the Net Offering Proceeds of an Equity Offering after February 8,
2012 (excluding any proceeds from equity infusions used to redeem existing shareholders of QTLP at the IPO Event), plus (b) $330,000,000.00, plus (c) eighty-five percent (85%) of
the value of interests in QTLP issued upon the contribution of assets to QTLP or its Subsidiaries (with such value determined at the time of contribution). 
 §9.7 Unhedged Variable Rate Debt. Parent Company shall not at any time permit the Unhedged Variable Rate Debt of Parent Company and its Subsidiaries to exceed
twenty-five percent (25%) of Gross Asset Value. 
 §9.8 Corporate Debt
Yield. Parent Company shall not at any time permit the Corporate Debt Yield to be less than fifteen percent (15%). 
  

	§10.	CLOSING CONDITIONS. 

 The
obligation of the Lenders to make the Loans shall be subject to the satisfaction, or waiver, of the following conditions precedent: 
 §10.1 Loan Documents. Each of the Loan Documents shall have been duly executed and delivered by the respective parties thereto and shall be in full force and effect. The Agent shall have
received a fully executed counterpart of each such document. 
 §10.2 Certified Copies of Organizational Documents.
The Agent shall have received from QIPR, QTS Richmond TRS and QTLP a copy, certified as of a recent date by the appropriate officer of each State in which such Person is organized and a duly authorized officer, partner or member of such Person, as
applicable, to be true and complete, of the partnership agreement, corporate charter or operating agreement and/or other organizational agreements of QIPR, QTS Richmond TRS and QTLP, as applicable, as in effect on such date of certification and a
certificate of good standing (or certificate of similar meaning) with respect to QIPR, QTS Richmond TRS and QTLP issued as of a recent date by each Secretary of State of the State of the formation of such Persons and a certificate of QIPR’s
qualification to do business in the State of Virginia. 
 §10.3 Resolutions. All action on the part of QIPR, QTS
Richmond TRS and QTLP, as applicable, necessary for the valid execution, delivery and performance by such Person of this Agreement and the other Loan Documents to which such Person is or is to become a party shall have been duly and effectively
taken, and evidence thereof reasonably satisfactory to the Agent shall have been provided to the Agent. 
 §10.4
Incumbency Certificate; Authorized Signers. The Agent shall have received from QIPR, QTS Richmond TRS and QTLP an incumbency certificate, dated as of the Closing Date, signed by a duly authorized officer of such Person and giving the name and
bearing a specimen signature of each individual who shall be authorized to sign, in the name and on behalf of such Person, each of the Loan Documents to which such Person is or is to become a party. The Agent shall have also received from QIPR, QTS
Richmond TRS and QTLP a certificate, dated as of the Closing Date, signed by a duly authorized representative of QIPR, QTS Richmond TRS and QTLP, as the case may be, and giving the name and specimen signature of 

  
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each Authorized Officer who shall be authorized to make Loan Requests and Conversion/Continuation Requests and to give notices and to take other action on behalf of the Borrowers under the Loan
Documents. 
 §10.5 Opinion of Counsel. The Agent shall have received an opinion addressed to the Lenders and the
Agent and dated as of the Closing Date from counsel to QIPR, QTS Richmond TRS and QTLP in form and substance reasonably satisfactory to the Agent. 
 §10.6 Payment of Fees. QIPR and QTLP shall have paid to the Agent the fees payable pursuant to §4.2. 
 §10.7 Insurance. The Agent shall have received certificates evidencing that the Agent and the Lenders are named as mortgagee and additional insured, as applicable, on all policies of insurance
as required by this Agreement or the other Loan Documents. 
 §10.8 Performance; No Default. QIPR and QTLP shall
have performed and complied in all material respects with the terms and conditions herein required to be performed or complied with by it on or prior to the Closing Date, and on the Closing Date there shall exist no Default or Event of Default.

 §10.9 Representations and Warranties. The representations and warranties made by the QIPR and QTLP in the Loan
Documents or otherwise made by or on behalf the QIPR and QTLP and their respective Subsidiaries in connection therewith or after the date thereof shall have been true and correct in all material respects when made and shall also be true and correct
in all material respects (except to the extent that any representation and warranty that is qualified by materiality shall be true and correct in all respects) on the Closing Date, except to the extent such representation and warranty is as of a
specific date in which case such representation and warranty shall be true and correct in all material respects (except to the extent that any representation and warranty that is qualified by materiality shall be true and correct in all respects) as
of such earlier date. 
 §10.10 Proceedings and Documents. All proceedings in connection with the transactions
contemplated by this Agreement and the other Loan Documents shall be reasonably satisfactory to the Agent and the Agent’s counsel in form and substance, and the Agent shall have received all information and such counterpart originals or
certified copies of such documents and such other certificates, opinions, assurances, consents, approvals or documents as the Agent and the Agent’s counsel may reasonably require. 

§10.11 Eligible Real Estate Qualification Documents. The Eligible Real Estate Qualification Documents for the Richmond
Property shall have been delivered to the Agent at the Borrowers’ expense and shall be in form and substance reasonably satisfactory to the Agent. 
 §10.12 Compliance Certificate. The Agent shall have received a Compliance Certificate dated as of the date of the Closing Date demonstrating compliance with each of the covenants calculated
therein as of the most recent calendar quarter for which Parent Company has provided financial statements under §6.4 adjusted in the best good faith estimate of Parent Company as of the Closing Date. 

  
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 §10.13 Appraisals. The Agent shall have received an Appraisal of the Richmond
Property in form and substance reasonably satisfactory to the Agent, and the Agent shall have determined an Appraised Value for such Mortgaged Property. 
 §10.14 Consents. The Agent shall have received evidence reasonably satisfactory to the Agent that all necessary stockholder, partner, member or other consents required in connection with the
consummation of the transactions contemplated by this Agreement and the other Loan Documents have been obtained. 
 §10.15
Contribution Agreement. The Agent shall have received an executed counterpart of the Contribution Agreement. 

§10.16 QTLP Subordination and Standstill Agreement. The Agent shall have received an executed counterpart of the QTLP
Subordination and Standstill Agreement. 
 §10.17 Other. The Agent shall have reviewed such other documents,
instruments, certificates, opinions, assurances, consents and approvals as the Agent or the Agent’s Special Counsel may reasonably have requested. 
  

	§11.	CONDITIONS TO ALL BORROWINGS. 

The obligations of the Lenders to make any Loan, whether on or after the Closing Date, shall also be subject to the satisfaction of the
following conditions precedent: 
 §11.1 Prior Conditions Satisfied. All conditions set forth in §10 shall
continue to be satisfied as of the date upon which any Loan is to be made. 
 §11.2 Representations True; No
Default. Each of the representations and warranties made by or on behalf of the Borrowers, the Guarantors or any of their respective Subsidiaries contained in this Agreement, the other Loan Documents or in any document or instrument delivered
pursuant to or in connection with this Agreement shall be true in all material respects both as of the date as of which they were made and shall also be true in all material respects (except to the extent that any representation and warranty that is
qualified by materiality shall be true and correct in all respects) as of the time of the making of such Loan, with the same effect as if made at and as of that time, except to the extent of changes resulting from transactions permitted by the Loan
Documents (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct only as of such specified date), and no Default or Event of Default shall have
occurred and be continuing. 
 §11.3 Borrowing Documents. The Agent shall have received a fully completed Loan
Request for such Loan and the other documents and information (including, without limitation, a Compliance Certificate) as required by §2.7. 
 §11.4 Endorsement to Title Policy. Prior to funding any Loan after the Closing Date, the Agent shall receive a “pending disbursement” endorsement (or comparable affirmative coverage)
to the Title Policy for the Richmond Property delivered to the Agent on the Closing Date, which “pending disbursement” endorsement (or comparable affirmative coverage) shall be 

  
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acceptable to the Agent. At such times as the Agent shall determine in its reasonable discretion prior to funding any Loan, to the extent available under applicable law, a “date down”
endorsement to each Title Policy indicating no change in the state of title and containing no survey exceptions not approved by the Agent, which endorsement shall, expressly or by virtue of a proper “revolving credit” clause or endorsement
in each Title Policy, increase the coverage of each Title Policy to the aggregate amount of all Loans advanced and outstanding on or before the effective date of such endorsement (provided that the amount of coverage under an individual Title
Policy for an individual Mortgaged Property need not equal the aggregate amount of all Loans), or if such endorsement is not available, such other evidence and assurances as the Agent may reasonably require (which evidence may include, without
limitation, an affidavit from the Borrowers stating that there have been no changes in title from the date of the last effective date of the Title Policy). 
 §11.5 Future Advances Tax Payment. As a condition precedent to any Lender’s obligations to make any Loans available to the Borrowers hereunder, the Borrowers will pay to the Agent any
mortgage, recording, intangible, documentary stamp or other similar taxes and charges which the Agent reasonably determines to be payable as a result of such Loan to any state or any county or municipality thereof in which any of the Mortgaged
Properties are located, and deliver to the Agent such affidavits or other information which the Agent reasonably determines to be necessary in connection with such payment in order to insure that the Mortgages on Mortgaged Property located in such
state secure the Borrowers’ obligation with respect to the Loans then being requested by the Borrowers. The provisions of this §11.5 shall not limit the Borrowers’ obligations under other provisions of the Loan Documents, including
without limitation §15 hereof. 
  

	§12.	EVENTS OF DEFAULT; ACCELERATION; ETC. 

 §12.1 Events of Default and Acceleration. If any of the following events (“Events of Default” or, if the giving of notice or the lapse of time or both is required, then, prior to
such notice or lapse of time, “Defaults”) shall occur: 
 (a) the Borrowers shall fail to pay any principal of the
Loans when the same shall become due and payable, whether at the stated date of maturity or any accelerated date of maturity or at any other date fixed for payment; 
 (b) the Borrowers shall fail to pay any interest on the Loans or any fees or other sums due hereunder or under any of the other Loan Documents when the same shall become due and payable, whether at the
stated date of maturity or any accelerated date of maturity or at any other date fixed for payment; 
 (c) the Borrowers shall
fail to comply with the covenant contained in §9.1 and such failure shall continue for five (5) Business Days after written notice thereof shall have been given to the Borrowers by the Agent; 

(d) any of the Borrowers, the Guarantors or any of their respective Subsidiaries shall fail to perform any other term, covenant or
agreement contained in §7.25, §9.2, §9.3, §9.4, §9.5, §9.6, §9.7 or §9.8; 

  
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 (e) any of the Borrowers, the Guarantors or any of their respective Subsidiaries shall fail
to perform any other term, covenant or agreement contained herein or in any of the other Loan Documents which they are required to perform (other than those specified in the other subclauses of this §12 or in the other Loan Documents);

 (f) any representation or warranty made by or on behalf of the Borrowers, the Guarantors or any of their respective
Subsidiaries in this Agreement or any other Loan Document, or any report, certificate, financial statement, request for a Loan or in any other document or instrument delivered pursuant to or in connection with this Agreement, any advance of a Loan
or any of the other Loan Documents shall prove to have been false in any material respect upon the date when made or deemed to have been made or repeated; 
 (g) any of the Borrowers, the Guarantors or any of their respective Subsidiaries shall fail to pay when due (including, without limitation, at maturity), or within any applicable period of grace, any
principal, interest or other amount on account any obligation for borrowed money or credit received or other Indebtedness (including under any Derivatives Contract), or shall fail to observe or perform any term, covenant or agreement contained in
any agreement by which it is bound, evidencing or securing any obligation for borrowed money or credit received or other Indebtedness (including under any Derivatives Contract) for such period of time as would permit (assuming the giving of
appropriate notice if required) the holder or holders thereof or of any obligations issued thereunder to accelerate the maturity thereof or require the termination or other settlement of such obligation; provided that the events described in
§12.1(g) shall not constitute an Event of Default unless such failure to perform, together with other failures to perform as described in §12.1(g), involve singly or in the aggregate obligations for borrowed money or credit received or
other Recourse Indebtedness totaling in excess of $15,000,000.00 or Non-Recourse Indebtedness in excess of $60,000,000.00; 

(h) any of the Borrowers, the Guarantors or any of their respective Subsidiaries (i) shall make an assignment for the benefit of
creditors, or admit in writing its general inability to pay or generally fail to pay its debts as they mature or become due, or shall petition or apply for the appointment of a trustee or other custodian, liquidator or receiver for it or any
substantial part of its assets, (ii) shall commence any case or other proceeding relating to it under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation or similar law of any jurisdiction,
now or hereafter in effect, or (iii) shall take any action to authorize or in furtherance of any of the foregoing; 
 (i)
a petition or application shall be filed for the appointment of a trustee or other custodian, liquidator or receiver of any of the Borrowers, the Guarantors or any of their respective Subsidiaries or any substantial part of the assets of any
thereof, or a case or other proceeding shall be commenced against any such Person under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation or similar law of any jurisdiction, now or hereafter in
effect, and any such Person shall indicate its approval thereof, consent thereto or acquiescence therein or such petition, application, case or proceeding shall not have been dismissed within sixty (60) days following the filing or commencement
thereof; 
 (j) a decree or order is entered appointing a trustee, custodian, liquidator or receiver for any of the Borrowers,
the Guarantors or any of their respective Subsidiaries or 

  
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adjudicating any such Person, bankrupt or insolvent, or approving a petition in any such case or other proceeding, or a decree or order for relief is entered in respect of any such Person in an
involuntary case under federal bankruptcy laws as now or hereafter constituted; 
 (k) there shall remain in force,
undischarged, unsatisfied and unstayed, for more than sixty (60) days, whether or not consecutive, one or more uninsured or unbonded final judgments, orders, awards, writs execution or attachments against Borrowers, Guarantors or any of their
respective Subsidiaries that, either individually or in the aggregate, exceed $10,000,000.00; 
 (l) any of the Loan Documents,
the Contribution Agreement or the QTLP Subordination and Standstill Agreement shall be canceled, terminated, revoked or rescinded otherwise than in accordance with the terms thereof or the express prior written agreement, consent or approval of the
Lenders, or any action at law, suit in equity or other legal proceeding to cancel, revoke or rescind any of the Loan Documents, the Contribution Agreement or the QTLP Subordination and Standstill Agreement shall be commenced by or on behalf of any
of the Borrowers or any of the Guarantors, or any court or any other governmental or regulatory authority or agency of competent jurisdiction shall make a determination, or issue a judgment, order, decree or ruling, to the effect that any one or
more of the Loan Documents, the Contribution Agreement or the QTLP Subordination and Standstill Agreement is illegal, invalid or unenforceable in accordance with the terms thereof; 

(m) any dissolution, termination, partial or complete liquidation, merger or consolidation of any of the Borrowers, the Guarantors or
any of their respective Subsidiaries shall occur or any sale, transfer or other disposition of the assets of any of the Borrowers, the Guarantors or any of their respective Subsidiaries shall occur other than as permitted under the terms of this
Agreement or the other Loan Documents; 
 (n) with respect to any Guaranteed Pension Plan, an ERISA Reportable Event shall have
occurred and the Required Lenders shall have determined in their reasonable discretion that such event reasonably could be expected to result in liability of any of the Borrowers, the Guarantors or any of their respective Subsidiaries to the PBGC or
such Guaranteed Pension Plan in an aggregate amount exceeding $10,000,000.00 and (x) such event in the circumstances occurring reasonably could constitute grounds for the termination of such Guaranteed Pension Plan by the PBGC or for the
appointment by the appropriate United States District Court of a trustee to administer such Guaranteed Pension Plan; or (y) a trustee shall have been appointed by the United States District Court to administer such Plan; or (z) the PBGC
shall have instituted proceedings to terminate such Guaranteed Pension Plan; 
 (o) any Borrower, any Guarantor or any of their
respective Subsidiaries or any shareholder, officer, director, partner or member of any of them shall be indicted for a federal crime, a punishment for which could include the forfeiture of (i) any assets of the Borrowers, the Guarantors or any
of their respective Subsidiaries which in the good faith judgment of the Required Lenders could have a Material Adverse Effect, or (ii) the Collateral; 
 (p) any Change of Control shall occur; 

  
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 (q) an Event of Default under any of the other Loan Documents shall occur; 

(r) Any default, material misrepresentation or breach of warranty in the QTLP Subordination and Standstill Agreement by QTLP or the
subordinate lender that is the holder of QTLP Subordinate Note; or 
 (s) an Event of Default under the Corporate Credit
Agreement shall occur; 
 then, and in any such event, the Agent may, and upon the request of the Required Lenders shall, by notice in writing
to the Borrowers declare all amounts owing with respect to this Agreement, the Notes and the other Loan Documents to be, and they shall thereupon forthwith become, immediately due and payable without presentment, demand, protest or other notice of
any kind, all of which are hereby expressly waived by the Borrowers; provided that in the event of any Event of Default specified in §12.1(h), §12.1(i) or §12.1(j), all such amounts shall become immediately due and payable
automatically and without any requirement of presentment, demand, protest or other notice of any kind from any of the Lenders or the Agent. 
 §12.2 Certain Cure Periods; Limitation of Cure Periods. 
 (a)
Notwithstanding anything contained in §12.1 to the contrary, (i) no Event of Default shall exist hereunder upon the occurrence of any failure described in §12.1(b) in the event that the Borrowers cure such Default within five
(5) Business Days after the date such payment is due, provided, however, that Borrower shall not be entitled to receive more than two (2) grace periods in the aggregate pursuant to this clause (i) in any period of 365 days ending on
the date of any such occurrence of Default, and provided further that no such cure period shall apply to any payments due upon the maturity of the Notes, and (ii) no Event of Default shall exist hereunder upon the occurrence of any failure
described in §12.1(e) in the event that the Borrowers cure such Default within thirty (30) days following receipt of written notice of such default, provided that the provisions of this clause (ii) shall not pertain to defaults
consisting of a failure to provide insurance as required by §7.7, to any default consisting of a failure to comply with §7.4(c), §7.5(a), §7.14, §7.19, §7.21, §7.22, §7.26, §8.1, §8.2, §8.3,
§8.4, §8.5, §8.7, §8.8, §8.9, §8.10, §8.14 or to any Default excluded from any provision of cure of defaults contained in any other of the Loan Documents. 

(b) In the event that there shall occur any Default that affects only certain Mortgaged Property (other than the Richmond Property) or
the owner(s) thereof, then the Borrowers may elect to cure such Default (so long as no other Default or Event of Default would arise as a result) by electing to have Agent remove such Mortgaged Property from the calculation of Borrowing Base
Availability and by reducing the outstanding Loans by the amount of the Borrowing Base Availability attributable to such Mortgaged Property, in which event such removal and reduction shall be completed within five (5) days after receipt of
notice of such Default from the Agent or the Required Lenders. 
 (c) Notwithstanding anything in this Agreement or any other
Loan Document to the contrary, any reference in this Agreement or any other Loan Document to “the continuance of a default” or “the continuance of an Event of Default” or any similar phrase shall not create or be deemed to create
any right of any Borrower, any Guarantor or any other party to cure any default following the expiration of any applicable grace or notice and cure period. 

  
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 §12.3 Termination of Commitments. If any one or more Events of Default specified
in §12.1(h), §12.1(i) or §12.1(j) shall occur, then immediately and without any action on the part of the Agent or any Lender any unused portion of the credit hereunder shall terminate and the Lenders shall be relieved of all
obligations to make Loans to the Borrowers. If any other Event of Default shall have occurred, the Agent may, and upon the election of Required Lenders shall, by notice to the Borrowers terminate the obligation to make Revolving Credit Loans. No
termination under this §12.3 shall relieve the Borrowers or the Guarantors of their obligations to the Lenders arising under this Agreement or the other Loan Documents. 
 §12.4 Remedies. In case any one or more Events of Default shall have occurred and be continuing, and whether or not the Lenders shall have accelerated the maturity of the Loans pursuant to
§12.1, the Agent on behalf of the Lenders may, and upon the direction of the Required Lenders shall, proceed to protect and enforce their rights and remedies under this Agreement, the Notes and/or any of the other Loan Documents by suit in
equity, action at law or other appropriate proceeding, including to the full extent permitted by applicable law the specific performance of any covenant or agreement contained in this Agreement and the other Loan Documents, the obtaining of the ex
parte appointment of a receiver, and, if any amount shall have become due, by declaration or otherwise, the enforcement of the payment thereof. No remedy herein conferred upon the Agent or the holder of any Note is intended to be exclusive of any
other remedy and each and every remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or any other provision of law. Notwithstanding the provisions of
this Agreement providing that the Loans may be evidenced by multiple Notes in favor of the Lenders, the Lenders acknowledge and agree that only the Agent may exercise any remedies arising by reason of a Default or Event of Default. If any Borrower
or any Guarantor fails to perform any agreement or covenant contained in this Agreement, any of the other Loan Documents, any Lease or other contract relating to a Mortgaged Property beyond any applicable period for notice and cure, Agent may itself
perform, or cause to be performed, any agreement or covenant of such Person contained in this Agreement, any of the other Loan Documents, any Lease or other contract relating to a Mortgaged Property which such Person shall fail to perform, and the
out-of-pocket costs of such performance, together with any reasonable out-of-pocket expenses, including reasonable attorneys’ fees actually incurred (including attorneys’ fees incurred in any appeal) by Agent in connection therewith, shall
be payable by Borrowers and/or Guarantors upon demand and shall constitute a part of the Obligations and shall if not paid within five (5) days after demand bear interest at the rate for overdue amounts as set forth in this Agreement. In the
event that all or any portion of the Obligations is collected by or through an attorney-at-law, the Borrowers and the Guarantors shall pay all costs of collection including, but not limited to, reasonable attorney’s fees. 

  
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 §12.5 Distribution of Collateral Proceeds. In the event that, following the
occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of
Borrowers or Guarantors, such monies shall be distributed for application as follows: 
 (a) First, to the payment of, or (as
the case may be) the reimbursement of the Agent for or in respect of, all reasonable out-of-pocket costs, expenses, disbursements and losses which shall have been paid, incurred or sustained by the Agent to protect or preserve the Collateral or in
connection with the collection of such monies by the Agent, for the exercise, protection or enforcement by the Agent of all or any of the rights, remedies, powers and privileges of the Agent or the Lenders under this Agreement or any of the other
Loan Documents or in respect of the Collateral or in support of any provision of adequate indemnity to the Agent against any taxes or liens which by law shall have, or may have, priority over the rights of the Agent or the Lenders to such monies;

 (b) Second, to all other Obligations and the Hedge Obligations (including any interest, expenses or other obligations of
either the Obligations or the Hedge Obligations incurred after the commencement of a bankruptcy) in such order or preference as the Required Lenders shall determine; provided, that (i) distributions in respect of such other Obligations shall
include, on a pari passu basis, any Agent’s fee payable pursuant to §4.3; (ii) in the event that any Lender is a Defaulting Lender, payments to such Lender shall be governed by §2.14, (iii) except as otherwise provided in
clause (ii), Obligations owing to the Lenders with respect to each type of Obligation such as interest, fees and expenses and the Hedge Obligations shall be made among the Lenders and the Lender Hedge Providers pro rata and (iv) payment of
principal on the Obligations and the Hedge Obligations shall be made on a pari passu basis; and provided, further that the Required Lenders may in their discretion make proper allowance to take into account any Obligations not then due and payable;
and 
 (c) Third, the excess, if any, shall be returned to the Borrowers or to such other Persons as are entitled thereto.

  

	§13.	SETOFF. 

 Regardless of the
adequacy of any Collateral, during the continuance of any Event of Default, any deposits (general or specific, time or demand, provisional or final, regardless of currency, maturity, or the branch where such deposits are held) or other sums credited
by or due from any Lender to the Borrowers or the Guarantors and any securities or other property of the Borrowers or the Guarantors in the possession of such Lender may, without notice to any Borrower or any Guarantor (any such notice being
expressly waived by Borrowers and Guarantors) but with the prior written approval of Agent, be applied to or set off against the payment of Obligations or the Hedge Obligations and any and all other liabilities, direct, or indirect, absolute or
contingent, due or to become due, now existing or hereafter arising, of the Borrowers or the Guarantors to such Lender. Each of the Lenders agrees with each other Lender that if such Lender shall receive from a Borrower or a Guarantor, whether by
voluntary payment, exercise of the right of setoff, or otherwise, and shall retain and apply to the payment of the Note or Notes held by such Lender any amount in excess of its ratable portion of the payments received by all of the Lenders with
respect to the Notes held by all of the Lenders, such Lender will make such disposition and arrangements with the other Lenders with respect to such excess, either by way of distribution, pro tanto assignment of claims, subrogation or
otherwise as shall result in each Lender receiving in respect of the Notes held by it its proportionate payment as contemplated by this Agreement; provided that if all or any part of such excess payment is thereafter recovered from such
Lender, such disposition and arrangements shall be rescinded and 

  
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the amount restored to the extent of such recovery, but without interest. In the event that any Defaulting Lender shall exercise any such right of setoff, (a) all amounts so set off shall be
paid over immediately to the Agent for further application in accordance with the provisions of this Agreement and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of
the Agent and the Lenders, and (b) the Defaulting Lender shall provide promptly to the Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. 

 

	§14.	THE AGENT. 

 §14.1
Authorization. The Agent is authorized to take such action on behalf of each of the Lenders and to exercise all such powers as are hereunder and under any of the other Loan Documents and any related documents delegated to the Agent
(including, the QTLP Subordination and Standstill Agreement and modifications to the Loan Documents to account for the structure of Parent Company and its Subsidiaries after the occurrence of the IPO Event), together with such powers as are
reasonably incident thereto, provided that no duties or responsibilities not expressly assumed herein or therein shall be implied to have been assumed by the Agent. The obligations of the Agent hereunder are primarily administrative in nature, and
nothing contained in this Agreement or any of the other Loan Documents shall be construed to constitute the Agent as a trustee for any Lender or to create an agency or fiduciary relationship. Agent shall act as the contractual representative of the
Lenders hereunder, and notwithstanding the use of the term “Agent”, it is understood and agreed that Agent shall not have any fiduciary duties or responsibilities to any Lender by reason of this Agreement or any other Loan Document and is
acting as an independent contractor, the duties and responsibilities of which are limited to those expressly set forth in this Agreement and the other Loan Documents. The Borrowers and any other Person shall be entitled to conclusively rely on a
statement from the Agent that it has the authority to act for and bind the Lenders pursuant to this Agreement and the other Loan Documents. 
 §14.2 Employees and Agents. The Agent may exercise its powers and execute its duties by or through employees or agents and shall be entitled to take, and to rely on, advice of counsel
concerning all matters pertaining to its rights and duties under this Agreement and the other Loan Documents. The Agent may utilize the services of such Persons as the Agent may reasonably determine, and all reasonable out-of-pocket fees and
expenses of any such Persons shall be paid by the Borrowers. 
 §14.3 No Liability. Neither the Agent nor any of its
shareholders, directors, officers or employees nor any other Person assisting them in their duties nor any agent, or employee thereof, shall be liable for (a) any waiver, consent or approval given or any action taken, or omitted to be taken, in
good faith by it or them hereunder or under any of the other Loan Documents, or in connection herewith or therewith, or be responsible for the consequences of any oversight or error of judgment whatsoever, except that the Agent or such other Person,
as the case may be, shall be liable for losses due to its willful misconduct or gross negligence as finally determined by a court of competent jurisdiction after the expiration of all applicable appeal periods or (b) any action taken or not
taken by Agent with the consent or at the request of the Required Lenders or all Lenders, as applicable hereunder. The Agent shall not be deemed to 

  
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have knowledge or notice of the occurrence of any Default or Event of Default, except with respect to defaults in the payment of principal, interest and fees required to be paid to the Agent for
the account of the Lenders, unless the Agent has received notice from a Lender or the Borrowers referring to the Loan Documents and describing with reasonable specificity such Default or Event of Default and stating that such notice is a
“notice of default”. 
 §14.4 No Representations. The Agent shall not be responsible for the execution or
validity or enforceability of this Agreement, the Notes, any of the other Loan Documents or any instrument at any time constituting, or intended to constitute, collateral security for the Notes, or for the value of any such collateral security or
for the validity, enforceability or collectability of any such amounts owing with respect to the Notes, or for any recitals or statements, warranties or representations made herein, or any agreement, instrument or certificate delivered in connection
therewith or in any of the other Loan Documents or in any certificate or instrument hereafter furnished to it by or on behalf of the Borrowers, the Guarantors or any of their respective Subsidiaries, or be bound to ascertain or inquire as to the
performance or observance of any of the terms, conditions, covenants or agreements herein or in any of the other Loan Documents. The Agent shall not be bound to ascertain whether any notice, consent, waiver or request delivered to it by the
Borrowers, the Guarantors or any holder of any of the Notes shall have been duly authorized or is true, accurate and complete. The Agent has not made nor does it now make any representations or warranties, express or implied, nor does it assume any
liability to the Lenders, with respect to the creditworthiness or financial condition of the Borrowers, the Guarantors or any of their respective Subsidiaries, or the value of the Collateral or any other assets of the Borrowers, the Guarantors or
any of their respective Subsidiaries. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender, and based upon such information and documents as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Agent or any other Lender, based upon such information and documents as it deems appropriate at the time,
continue to make its own credit analysis and decisions in taking or not taking action under this Agreement and the other Loan Documents. Agent’s Special Counsel has only represented Agent and Regions in connection with the Loan Documents and
the only attorney client relationship or duty of care is between Agent’s Special Counsel and Agent or Regions. Each Lender has been independently represented by separate counsel on all matters regarding the Loan Documents and the granting and
perfecting of liens in the Collateral. 
 §14.5 Payments. 

(a) A payment by the Borrowers or the Guarantors to the Agent hereunder or under any of the other Loan Documents for the account of any
Lender shall constitute a payment to such Lender. The Agent agrees to distribute to each Lender not later than one Business Day after the Agent’s receipt of good funds, determined in accordance with the Agent’s customary practices, such
Lender’s pro rata share of payments received by the Agent for the account of the Lenders except as otherwise expressly provided herein or in any of the other Loan Documents. In the event that the Agent fails to distribute such amounts within
one Business Day as provided above, the Agent shall pay interest on such amount at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. Notwithstanding anything to the contrary contained in this Agreement, if any
Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, each payment by the Borrower hereunder shall be applied in accordance with §2.14(d). 

(b) If in the opinion of the Agent the distribution of any amount received by it in such capacity hereunder, under the Notes or under
any of the other Loan Documents might involve it in liability, it may refrain from making such distribution until its right to make such distribution shall have been adjudicated by a court of competent jurisdiction. If a court of competent
jurisdiction shall adjudge that any amount received and distributed by the Agent is to be repaid, each Person to whom any such distribution shall have been made shall either repay to the Agent its proportionate share of the amount so adjudged to be
repaid or shall pay over the same in such manner and to such Persons as shall be determined by such court. 

  
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 §14.6 Holders of Notes. Subject to the terms of §18, the Agent may deem and
treat the payee of any Note as the absolute owner or purchaser thereof for all purposes hereof until it shall have been furnished in writing with a different name by such payee or by a subsequent holder, assignee or transferee. 

§14.7 Indemnity. The Lenders severally and ratably in accordance with their respective Commitment Percentages agree hereby to
indemnify and hold harmless the Agent from and against any and all claims, actions and suits (whether groundless or otherwise), losses, damages, costs, expenses (including any expenses for which the Agent has not been reimbursed by the Borrowers and
the Guarantors as required by §15), and liabilities of every nature and character arising out of or related to this Agreement, the Notes, or any of the other Loan Documents and the QTLP Subordination and Standstill Agreement or the transactions
contemplated or evidenced hereby or thereby, or the Agent’s actions taken hereunder or thereunder to the extent not reimbursed by the Borrowers and the Guarantors, except to the extent that any of the same shall be directly caused by the
Agent’s willful misconduct or gross negligence as finally determined by a court of competent jurisdiction after the expiration of all applicable appeal periods. The agreements in this §14.7 shall survive the payment of all amounts payable
under the Loan Documents. 
 §14.8 Agent as Lender. In its individual capacity, Regions shall have the same
obligations and the same rights, powers and privileges in respect to its Commitment and the Loans made by it, and as the holder of any of the Notes as it would have were it not also the Agent. 

§14.9 Resignation. The Agent may resign at any time by giving ten (10) calendar days’ prior written notice thereof
to the Lenders and the Borrowers. Upon any such resignation, the Required Lenders, subject to the terms of §18.1, shall have the right to appoint as a successor Agent any Lender or any bank whose senior debt obligations are rated not less than
“A3” or its equivalent by Moody’s or not less than “A-” or its equivalent by S&P and which has a net worth of not less than $500,000,000.00. Unless a Default or Event of Default shall have occurred and be continuing,
such successor Agent shall be reasonably acceptable to the Borrowers. If no successor Agent shall have been appointed and shall have accepted such appointment within ten (10) days after the retiring Agent’s giving of notice of resignation,
then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent, which shall be any Lender or any financial institution whose senior debt obligations are rated not less than “A3” or its equivalent by 

  
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Moody’s or not less than “A-” or its equivalent by S&P and which has a net worth of not less than $500,000,000.00. Upon the acceptance of any appointment as Agent hereunder by
a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Agent and the retiring or removed Agent shall be discharged from its duties and
obligations hereunder as Agent. After any retiring Agent’s resignation, the provisions of this Agreement and the other Loan Documents shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it
was acting as Agent. Upon any change in the Agent under this Agreement, the resigning Agent shall execute such assignments of and amendments to the Loan Documents as may be necessary to substitute the successor Agent for the resigning Agent.

 §14.10 Duties in the Case of Enforcement. In case one or more Events of Default have occurred and shall be
continuing, and whether or not acceleration of the Obligations shall have occurred, the Agent may and, if (a) so requested by the Required Lenders and (b) the Lenders have provided to the Agent such additional indemnities and assurances in
accordance with their respective Commitment Percentages against expenses and liabilities as the Agent may reasonably request, shall proceed to exercise all or any legal and equitable and other rights or remedies as it may have; provided,
however, that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Event of Default as it shall deem to be in
the best interests of the Lenders. Without limiting the generality of the foregoing, if Agent reasonably determines payment is in the best interest of all the Lenders, Agent may without the approval of the Lenders pay taxes and insurance premiums
and spend money for maintenance, repairs or other expenses which may be necessary to be incurred in an aggregate amount not to exceed $2,500,000.00, and Agent shall promptly thereafter notify the Lenders of such action. Each Lender shall, within
thirty (30) days of request therefor, pay to the Agent its Commitment Percentage of the reasonable costs incurred by the Agent in taking any such actions hereunder to the extent that such costs shall not be promptly reimbursed to the Agent by
the Borrowers or out of the Collateral within such period with respect to the Mortgaged Properties. The Required Lenders may direct the Agent in writing as to the method and the extent of any such exercise, the Lenders hereby agreeing to indemnify
and hold the Agent harmless in accordance with their respective Commitment Percentages from all liabilities incurred in respect of all actions taken or omitted in accordance with such directions, provided that the Agent need not comply with
any such direction to the extent that the Agent reasonably believes the Agent’s compliance with such direction to be unlawful in any applicable jurisdiction or commercially unreasonable under the UCC as enacted in any applicable jurisdiction.

 §14.11 Bankruptcy. In the event a bankruptcy or other insolvency proceeding is commenced by or against any
Borrower or any Guarantor with respect to the Obligations, the Agent shall have the sole and exclusive right to file and pursue a joint proof claim on behalf of all Lenders. Any votes with respect to such claims or otherwise with respect to such
proceedings shall be subject to the vote of the Required Lenders or all of the Lenders as required by this Agreement. Each Lender irrevocably waives its right to file or pursue a separate proof of claim in any such proceedings unless Agent fails to
file such claim within thirty (30) days after receipt of written notice from the Lenders requesting that Agent file such proof of claim. 

  
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 §14.12 Request for Agent Action. Agent and the Lenders acknowledge that in the
ordinary course of business of the Borrowers, (a) Borrowers will enter into leases or rental agreements covering Mortgaged Properties that may require the execution of a Subordination, Attornment and Non-Disturbance Agreement in favor of the
tenant or licensee thereunder, (b) a Mortgaged Property may be subject to a Taking, (c) a Borrower may desire to enter into easements or other agreements affecting the Mortgaged Properties, or take other actions or enter into other
agreements in the ordinary course of business which similarly require the consent, approval or agreement of the Agent. In connection with the foregoing, the Lenders hereby expressly authorize the Agent to (w) execute and deliver to the
Borrowers Subordination, Attornment and Non-Disturbance Agreements with any tenant or licensee under a Lease upon such terms as Agent in its good faith judgment determines are appropriate (Agent in the exercise of its good faith judgment may agree
to allow some or all of the casualty, condemnation, restoration or other provisions of the applicable Lease to control over the applicable provisions of the Loan Documents), (x) execute releases of liens in connection with any Taking,
(y) execute consents or subordinations in form and substance satisfactory to Agent in connection with any easements or agreements affecting the Mortgaged Property, or (z) execute consents, approvals, or other agreements in form and
substance satisfactory to the Agent in connection with such other actions or agreements as may be necessary in the ordinary course of Borrowers’ business. 
 §14.13 Reliance by Agent. The Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument,
document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by an Authorized Officer. The Agent also
may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a
Loan, that by its terms must be fulfilled to the satisfaction of a Lender, the Agent may presume that such condition is satisfactory to such Lender unless the Agent shall have received notice to the contrary from such Lender prior to the making of
such Loan. The Agent may consult with legal counsel (who may be counsel for the Borrowers and/or the Guarantors), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance
with the advice of any such counsel, accountants or experts. 
 §14.14 Approvals. 

(a) If consent is required for some action under this Agreement, or except as otherwise provided herein an approval of the Lenders or
the Required Lenders is required or permitted under this Agreement, each Lender agrees to give the Agent, within ten (10) days of receipt of the written request for action together with all reasonably requested information related thereto
requested by such Lender (or such lesser period of time required by the terms of the Loan Documents), notice in writing of approval or disapproval (collectively “Directions”) in respect of any action requested or proposed in writing
pursuant to the terms hereof. To the extent that any Lender does not approve any recommendation of Agent, such Lender shall in such notice to Agent describe the actions that would be acceptable to such Lender. If the Agent submits to the Lenders a
written request for consent with respect to this Agreement and any Lender fails to provide Directions within ten (10) days after such Lender receives from the Agent such initial request for Directions together with all reasonably requested
information related thereto, then Agent shall make a second request for approval, which approval shall include the following in all capital, bolded, block letters on the first page thereof: 

“THE FOLLOWING REQUEST REQUIRES A RESPONSE WITHIN FIVE (5) BUSINESS DAYS OF RECEIPT. FAILURE TO DO SO WILL BE DEEMED AN
APPROVAL OF THE REQUEST.” 

  
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 If the Agent submits to such Lender a second written request to approve or disapprove such
action, and a Lender fails to provide Directions within five (5) Business Days after the Lender receives from the Agent such second request, then any Lender’s failure to respond to a request for Directions within the required time period
shall be deemed to constitute a Direction to take such requested action. 
 (b) In the event that any recommendation is not
approved by the requisite number of Lenders and a subsequent approval on the same subject matter is requested by Agent (a “Subsequent Approval Request”), then for the purposes of this paragraph each Lender shall be required to respond to a
Subsequent Approval Request within five (5) Business Days of receipt of such request. 
 If the Agent submits to the
Lenders a Subsequent Approval Request and any Lender fails to provide Directions within five (5) Business Days after such Lender receives from the Agent the Subsequent Approval Request, then Agent shall make a second request for approval, which
approval shall include the following in all capital, bolded, block letters on the first page thereof: 
 “THE FOLLOWING
REQUEST REQUIRES A RESPONSE WITHIN FIVE (5) BUSINESS DAYS OF RECEIPT. FAILURE TO DO SO WILL BE DEEMED AN APPROVAL OF THE REQUEST.” 
 If the Agent submits to such Lender a second written request to approve or disapprove the Subsequent Approval Request, and the Lender fails to approve or disapprove such Subsequent Approval Request within
five (5) Business Days after the Lender receives from the Agent such second request, then any Lender’s failure to respond to a request for Directions within the required time period shall be deemed to constitute a Direction to take such
requested action. 
 (c) Each request by Agent for a Direction shall include Agent’s recommended course of action or
determination. Notices given by Agent pursuant to this §14.14 may be given through the use of Intralinks, Syndtrak or another electronic information dissemination system. Agent and each Lender shall be entitled to assume that any officer of the
other Lenders delivering any notice, consent, certificate or other writing is authorized to give such notice, consent, certificate or other writing unless Agent and such other Lenders have otherwise been notified in writing. Notwithstanding anything
in this §14.14 to the contrary, any matter requiring all Lender’s approval or consent shall not be deemed given by any Lender’s failure to respond to any approval or consent request within any applicable reply period. 

§14.15 Borrowers Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor Agent
and §14.14, the provisions of this §14 are solely for the benefit of the Agent and the Lenders, may not be enforced by the Borrowers, and except for the provisions of §14.9 and §14.14, may be modified or waived without the
approval or consent of the Borrowers. 

  
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 §14.16 Intentionally Omitted]. 

§14.18 .QTLP Subordination and Standstill Agreement. Borrowers, Guarantors and the Lenders acknowledge that Agent has entered
into the Subordination and Standstill Agreement. Borrowers and Guarantors acknowledge that the existence of the QTLLP Subordination and Standstill Agreement and the performance by Agent and the Lenders of their obligations under the QTLP
Subordination and Standstill Agreement shall not affect, impair or release the obligations of Borrowers or Guarantors under the Loan Documents. The QTLP Subordination and Standstill Agreement is solely for the benefit of Agent and the Lenders and
not for the benefit of Borrowers or Guarantors, and Borrowers and Guarantors shall have no rights thereunder or any right to insist on the performance thereof. Agent is authorized by Lenders to perform its obligations under the QTLP Subordination
and Standstill Agreement, and each Lender agrees to be bound thereby. 
 §14.19 Reliance on Hedge Provider. For
purposes of applying payments received in accordance with §12.5, the Agent shall be entitled to rely upon the trustee, paying agent or other similar representative (each, a “Representative”) or, in the absence of such a
Representative, upon the holder of the Hedge Obligations for a determination (which each holder of the Hedge Obligations agrees (or shall agree) to provide upon request of the Agent) of the outstanding Hedge Obligations owed to the holder thereof.
Unless it has actual knowledge (including by way of written notice from such holder) to the contrary, the Agent, in acting hereunder, shall be entitled to assume that no Hedge Obligations are outstanding. 

 

	§15.	EXPENSES. 

 The Borrowers and the
Guarantors jointly and severally agree to pay (a) the reasonable out-of-pocket costs of producing and reproducing this Agreement, the other Loan Documents and the other agreements and instruments mentioned herein, (b) subject to §4.9,
§4.10 and §4.15, any imposed taxes (including any interest and penalties in respect thereto) payable by the Agent or any of the Lenders (other than taxes based upon the Agent’s or any Lender’s gross or net income (subject to
§4.4(b)), except that the Agent and the Lenders shall be entitled to indemnification for any and all amounts paid by them in respect of taxes based on income or other taxes assessed by any State in which Mortgaged Property or other Collateral
is located, such indemnification to be limited to taxes due solely on account of the granting of Collateral under the Security Documents and to be net of any credit allowed to the indemnified party from any other State on account of the payment or
incurrence of such tax by such indemnified party), including any recording, mortgage, documentary or intangibles taxes in connection with the Mortgages and other Loan Documents, or other taxes payable on or with respect to the transactions
contemplated by this Agreement, including any such taxes payable by the Agent or any of the Lenders after the Closing Date (the Borrowers and the Guarantors hereby agreeing to indemnify the Agent and each Lender with respect thereto), (c) all
title insurance premiums, engineer’s fees, environmental reviews and the reasonable fees, expenses and disbursements of the counsel to the Agent and any local counsel to the Agent incurred in connection with the preparation, administration, or
interpretation of the Loan Documents and other instruments 

  
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mentioned herein, and amendments, modifications, approvals, consents or waivers hereto or hereunder, (d) the out-of-pocket fees, costs, expenses and disbursements of Agent incurred in
connection with the syndication and/or participation of the Loans, (e) all other reasonable out of pocket fees, expenses and disbursements of the Agent incurred by the Agent in connection with the preparation or interpretation of the Loan
Documents and other instruments mentioned herein, the addition or substitution of additional Mortgaged Properties or other Collateral, the review of leases and Subordination, Attornment and Non-Disturbance Agreements, the making of each advance
hereunder, and the syndication of the Commitments pursuant to §18 (without duplication of those items addressed in subparagraph (d), above), (f) all
out-of-pocket expenses (including attorneys’ fees and costs, and the fees and costs of appraisers, engineers, investment bankers or other experts retained by any
Lender or the Agent) incurred by any Lender or the Agent in connection with (i) the enforcement of or preservation of rights under any of the Loan Documents against the Borrowers and the Guarantors or the administration thereof after the
occurrence of a Default or Event of Default and (ii) any litigation, proceeding or dispute whether arising hereunder or otherwise, in any way related to the Agent’s or any of the Lenders’ relationship with the Borrowers or the
Guarantors, (g) all reasonable out-of-pocket fees, expenses and disbursements of the Agent incurred in connection with UCC searches, UCC filings, title rundowns, title searches or mortgage recordings, (h) all reasonable out-of-pocket fees,
expenses and disbursements (including reasonable attorneys’ fees and costs) which may be incurred by Regions in connection with the execution and delivery of this Agreement and the other Loan Documents (without duplication of any of the items
listed above), and (i) all expenses relating to the use of Intralinks, SyndTrak or any other similar system for the dissemination and sharing of documents and information in connection with the Loans. The covenants of this §15 shall
survive the repayment of the Loans and the termination of the obligations of the Lenders hereunder. Whenever used herein or in the other Loan Documents, the terms “attorneys’ fees” or “legal fees” shall mean reasonable
attorneys’ fees in the amount actually incurred at the attorneys’ normal hourly rates, rather than a percentage of principal and interest as provided for in O.C.G.A. §13-1-11(a)(2). 

 

	§16.	INDEMNIFICATION. 

 The Borrowers
and the Guarantors, jointly and severally, agree to indemnify and hold harmless the Agent, the Lenders and the Arranger and each director, officer, employee, agent and Affiliate thereof and Person who controls the Agent or any Lender or the Arranger
against any and all claims, actions and suits, whether groundless or otherwise, and from and against any and all liabilities, losses, damages and expenses of every nature and character arising out of or relating to this Agreement or any of the other
Loan Documents or the transactions contemplated hereby and thereby including, without limitation, (a) any and all claims for brokerage, leasing, finders or similar fees which may be made relating to the Mortgaged Properties or the Loans,
(b) any condition of the Mortgaged Properties or any other Real Estate, (c) any actual or proposed use by the Borrowers of the proceeds of any of the Loans, (d) any actual or alleged infringement of any patent, copyright, trademark,
service mark or similar right of the Borrowers, the Guarantors or any of their respective Subsidiaries, (e) the Borrowers and the Guarantors entering into or performing this Agreement or any of the other Loan Documents, (f) any actual or
alleged violation of any law, ordinance, code, order, rule, regulation, approval, consent, permit or license relating to the Mortgaged Properties or any other Real Estate, (g) with respect to the Borrowers, the Guarantors and their respective
Subsidiaries and their respective properties and assets, the 

  
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violation of any Environmental Law, the Release or threatened Release of any Hazardous Substances or any action, suit, proceeding or investigation brought or threatened with respect to any
Hazardous Substances (including, but not limited to, claims with respect to wrongful death, personal injury, nuisance or damage to property), and (h) any use of Intralinks, SyndTrak or any other system for the dissemination and sharing of
documents and information, in each case including, without limitation, the reasonable fees and disbursements of counsel incurred in connection with any such investigation, litigation or other proceeding; provided, however, that the
Borrowers and the Guarantors shall not be obligated under this §16 to indemnify any Person for liabilities arising from such Person’s own gross negligence or willful misconduct as determined by a court of competent jurisdiction after the
exhaustion of all applicable appeal periods. In litigation, or the preparation therefor, the Lenders and the Agent shall be entitled to select a single law firm as their own counsel and, in addition to the foregoing indemnity, the Borrowers and the
Guarantors agree to pay promptly the reasonable out-of-pocket fees and expenses of such counsel. If, and to the extent that the obligations of the Borrowers and the Guarantors under this §16 are unenforceable for any reason, the Borrowers and
the Guarantors hereby agree to make the maximum contribution to the payment in satisfaction of such obligations which is permissible under applicable law. The provisions of this §16 shall survive the repayment of the Loans and the termination
of the obligations of the Lenders hereunder. 
  

	§17.	SURVIVAL OF COVENANTS, ETC. 

 All
covenants, agreements, representations and warranties made herein, in the Notes, in any of the other Loan Documents or in any documents or other papers delivered by or on behalf of the Borrowers, the Guarantors or any of their respective
Subsidiaries pursuant hereto or thereto shall be deemed to have been relied upon by the Lenders and the Agent, notwithstanding any investigation heretofore or hereafter made by any of them, and shall survive the making by the Lenders of any of the
Loans, as herein contemplated, and shall continue in full force and effect so long as any amount due under this Agreement or the Notes or any of the other Loan Documents remains outstanding or any Lender has any obligation to make any Loans. The
indemnification obligations of the Borrowers provided herein and in the other Loan Documents shall survive the full repayment of amounts due and the termination of the obligations of the Lenders hereunder and thereunder to the extent provided herein
and therein. All statements contained in any certificate delivered to any Lender or the Agent at any time by or on behalf of the Borrowers, the Guarantors or any of their respective Subsidiaries pursuant hereto or in connection with the transactions
contemplated hereby shall constitute representations and warranties by such Person hereunder. 
  

	§18.	ASSIGNMENT AND PARTICIPATION. 

§18.1 Conditions to Assignment by Lenders. Except as provided herein, each Lender may assign to one or more banks or other
entities all or a portion of its interests, rights and obligations under this Agreement (including all or a portion of its Commitment Percentage and Commitment and the same portion of the Loans at the time owing to it and the Notes held by it);
provided that (a) the Agent and, so long as no Default or Event of Default exists hereunder, Borrowers’ Representative shall have each given its prior written consent to such assignment, which consent shall not be unreasonably
withheld or delayed (provided that such consent shall not be required for any assignment to another Lender, to a lender or an Affiliate of a Lender 

  
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which controls, is controlled by or is under common control with the assigning Lender or to a wholly-owned Subsidiary of such Lender), provided that the Borrowers shall have been deemed to have
consented to any such assignment unless it shall object thereto by written notice to the Agent within five (5) Business Days after having received noticed thereof; (b) each such assignment shall be of a constant, and not a varying,
percentage of all the assigning Lender’s rights and obligations under this Agreement with respect to the Revolving Credit Commitment, (c) the parties to such assignment shall execute and deliver to the Agent, for recording in the Register
(as hereinafter defined) an Assignment and Acceptance Agreement in the form of Exhibit K annexed hereto, together with any Notes subject to such assignment, (d) in no event shall any assignment be to any Person controlling,
controlled by or under common control with, or which is not otherwise free from influence or control by, any Borrower or any Guarantor or be to a Defaulting Lender or an Affiliate of a Defaulting Lender, (e) such assignee of a portion of the
Revolving Credit Loans shall have a net worth as of the date of such assignment of not less than $100,000,000.00 (unless otherwise approved by Agent and, so long as no Default or Event of Default exists hereunder, Borrowers’ Representative),
(f) such assignee shall acquire an interest in the Loans of not less than $5,000,000.00 and integral multiples of $1,000,000.00 in excess thereof (or if less, the remaining Loans of the assignor), unless waived by the Agent, and so long as no
Default or Event of Default exists hereunder, Borrowers’ Representative, and (g) such assignee shall be subject to the terms of any intercreditor agreement among the Lenders and the Agent. Upon execution, delivery, acceptance and recording
of such Assignment and Acceptance Agreement, (i) the assignee thereunder shall be a party hereto and all other Loan Documents executed by the Lenders and, to the extent provided in such Assignment and Acceptance Agreement, have the rights and
obligations of a Lender hereunder, (ii) the assigning Lender shall, upon payment to the Agent of the registration fee referred to in §18.2, be released from its obligations under this Agreement arising after the effective date of such
assignment with respect to the assigned portion of its interests, rights and obligations under this Agreement, and (iii) the Agent may unilaterally amend Schedule 1.1 to reflect such assignment. In connection with each assignment,
the assignee shall represent and warrant to the Agent, the assignor and each other Lender as to whether such assignee is controlling, controlled by, under common control with or is not otherwise free from influence or control by, the Borrowers and
the Guarantors, and whether such assignee is a Defaulting Lender or an Affiliate of a Defaulting Lender. In connection with any assignment of rights and obligations of any Defaulting Lender, no such assignment shall be effective unless and until, in
addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment,
purchases by the assignee of participations or actions, including funding, with the consent of the Borrowers and the Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender to each of which the
applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire
(and fund as appropriate) its full pro rata share of all Loans in accordance with its Commitment Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become
effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

  
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 §18.2 Register. The Agent shall maintain on behalf of the Borrowers a copy of
each assignment delivered to it and a register or similar list (the “Register”) for the recordation of the names and addresses of the Lenders and the Commitment Percentages of and principal amount of the Loans owing to the Lenders from
time to time. The entries in the Register shall be conclusive, in the absence of manifest error, and the Borrowers, the Agent and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this
Agreement. The Register shall be available for inspection by the Borrowers and the Lenders at any reasonable time and from time to time upon reasonable prior notice. Upon each such recordation, the assigning Lender agrees to pay to the Agent a
registration fee in the sum of $5,000.00. 
 §18.3 New Notes. Upon its receipt of an Assignment and Acceptance
Agreement executed by the parties to such assignment, together with each Note subject to such assignment, the Agent shall record the information contained therein in the Register. Within five (5) Business Days after receipt of notice of such
assignment from Agent, the Borrowers, at their own expense, shall execute and deliver to the Agent, in exchange for each surrendered Note, a new Note to the order of such assignee in an amount equal to the amount assigned to such assignee pursuant
to such Assignment and Acceptance Agreement and, if the assigning Lender has retained some portion of its obligations hereunder, a new Note to the order of the assigning Lender in an amount equal to the amount retained by it hereunder. Such new
Notes shall provide that they are replacements for the surrendered Notes, shall be in an aggregate principal amount equal to the aggregate principal amount of the surrendered Notes, shall be dated the effective date of such Assignment and Acceptance
Agreement and shall otherwise be in substantially the form of the assigned Notes. The surrendered Notes shall be canceled and returned to the Borrowers. 
 §18.4 Participations. Each Lender may sell participations to one or more Lenders or other entities in all or a portion of such Lender’s rights and obligations under this Agreement and the
other Loan Documents; provided that (a) any such sale or participation shall not affect the rights and duties of the selling Lender hereunder, (b) such participation shall not entitle such participant to any rights or privileges
under this Agreement or any Loan Documents, including without limitation, rights granted to the Lenders under §4.8, §4.9 and §4.10, (c) such participation shall not entitle the participant to the right to approve waivers,
amendments or modifications, (d) such participant shall have no direct rights against the Borrowers or the Guarantors, (e) such sale is effected in accordance with all applicable laws, and (f) such participant shall not be a Person
controlling, controlled by or under common control with, or which is not otherwise free from influence or control by any of the Borrowers or any of the Guarantors and shall not be a Defaulting Lender or an Affiliate of a Defaulting Lender;
provided, however, such Lender may agree with the participant that it will not, without the consent of the participant, agree to (i) increase, or extend the term or extend the time or waive any requirement for the reduction or
termination of, such Lender’s Commitment, (ii) extend the date fixed for the payment of principal of or interest on the Loans or portions thereof owing to such Lender, (iii) reduce the amount of any such payment of principal;
(iv) reduce the rate at which interest is payable thereon, or reduce the amount or rate of any fee payable to an affected Lender hereunder (excluding any fee payable to any arranger or the Agent in its capacity as administrative agent
hereunder), or (v) release any Borrower or any Guarantor (except as otherwise permitted under §5.4, §5.6 or §5.7). Each Lender that sells a participation shall, acting solely for this purpose as 

  
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a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each participant and the principal amounts (and stated interest) of each participant’s
interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any
participant or any information relating to a participant’s interest in any commitments, loans, letters of creditor or its other obligations under any Loan Documents) to any Person except to the extent that such disclosure is necessary to
establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest
error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Agent
(in its capacity as Agent) shall have no responsibility for maintaining a Participant Register. 
 §18.5 Pledge by
Lender. Any Lender may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under §4 of the Federal Reserve
Act, 12 U.S.C. §341 or to such other Person as the Agent may approve to secure obligations of such Lender. No such pledge or the enforcement thereof shall release the pledgor Lender from its obligations hereunder or under any of the other Loan
Documents. 
 §18.6 No Assignment by the Borrowers or the Guarantors. Neither the Borrowers nor the Guarantors shall
assign or transfer any of their rights or obligations under this Agreement or the other Loan Documents without the prior written consent of each of the Lenders. 
 §18.7 Disclosure. Borrowers and the Guarantors each agree to promptly cooperate with any Lender in connection with any proposed assignment or participation of all or any portion of its
Commitment. The Borrowers and the Guarantors each agree that in addition to disclosures made in accordance with standard banking practices any Lender may disclose information obtained by such Lender pursuant to this Agreement to assignees or
participants and potential assignees or participants hereunder other than a Disclosed Competitor in accordance with the provisions of the following sentence. Each Lender agrees for itself that it shall use reasonable efforts in accordance with its
customary procedures to hold confidential all non-public information obtained from Borrowers or Guarantors, and shall use reasonable efforts in accordance with its customary procedures to not disclose such information to any other Person, it being
understood and agreed that, notwithstanding the foregoing, a Lender may make (a) disclosures to its participants (provided such Persons are advised of the provisions of this §18.7), (b) disclosures to its directors, officers,
employees, Affiliates, partners, accountants, appraisers, legal counsel and other professional advisors of such Lender (provided that such Persons who are not employees of such Lender are advised of the provision of this §18.7),
(c) disclosures customarily provided or reasonably required by any potential or actual bona fide assignee, transferee or participant or their respective directors, officers, employees, Affiliates, accountants, appraisers, legal counsel and
other professional advisors in connection with a potential or actual assignment or transfer by such Lender of any Loans or any participations therein (provided such Persons are advised of the provisions of this §18.7), (d) disclosures to
bank regulatory authorities or self-regulatory bodies with jurisdiction over such Lender, or (e) disclosures required or requested by any other governmental authority or representative thereof or pursuant to legal 

  
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process; provided that, unless specifically prohibited by applicable law or court order, each Lender shall notify Borrowers of any request by any governmental authority or representative thereof
prior to disclosure (other than any such request in connection with any examination of such Lender by such government authority) for disclosure of any such non-public information prior to disclosure of such information, (f) disclosures with the
prior written consent of Borrowers’ Representative, and (g) disclosures made in connection with any enforcement by Agent or the Lenders of the Loan Documents. In addition, each Lender may make disclosure of such information to any
contractual counterparty in swap agreements or such contractual counterparty’s professional advisors (so long as such contractual counterparty or professional advisors agree to be bound by the provisions of this §18.7). Non-public
information shall not include any information which is or subsequently becomes publicly available other than as a result of a disclosure of such information by a Lender, or prior to the delivery to such Lender is within the possession of such Lender
if such information is not known by such Lender to be subject to another confidentiality agreement with or other obligations of secrecy to the Borrowers or the Guarantors, or is disclosed with the prior approval of Borrowers or Guarantors. Nothing
herein shall prohibit the disclosure of non-public information to the extent necessary to enforce the Loan Documents. 

§18.8 Amendments to Loan Documents. Upon any such assignment or participation, the Borrowers and the Guarantors shall, upon
the request of the Agent, enter into such documents as may be reasonably required by the Agent to modify the Loan Documents to reflect such assignment or participation. 
 §18.9 Mandatory Assignment. In the event the Borrowers’ Representative requests that certain amendments, modifications or waivers be made to this Agreement or any of the other Loan
Documents which request requires the prior approval of all Lenders or all affected Lenders and which request is approved by the Required Lenders but is not approved by all Lenders or all affected Lenders (any such non-consenting Lender shall
hereafter be referred to as the “Non-Consenting Lender”), then, within thirty (30) Business Days after the Borrowers’ Representative’s receipt of notice of such disapproval by such Non-Consenting Lender, the Borrower shall
have the right as to such Non-Consenting Lender, to be exercised by delivery of written notice delivered to the Agent and the Non-Consenting Lender within thirty (30) Business Days of receipt of such notice, to elect to cause the Non-Consenting
Lender to transfer its Commitment. The Agent shall promptly notify the remaining Lenders that each of such Lenders shall have the right, but not the obligation, to acquire a portion of the Commitment, pro rata based upon their relevant Commitment
Percentages, of the Non-Consenting Lender (or if any of such Lenders does not elect to purchase its pro rata share, then to such remaining Lenders in such proportion as approved by the Agent). In the event that the Lenders do not elect to acquire
all of the Non-Consenting Lender’s Commitment, then the Agent shall endeavor to find a new Lender or Lenders to acquire such remaining Commitment. Upon any such purchase of the Commitment of the Non-Consenting Lender, the Non-Consenting
Lender’s interests in the Obligations and its rights hereunder and under the Loan Documents shall terminate at the date of purchase except that its indemnification rights hereunder shall survive, and the Non-Consenting Lender shall promptly
execute and deliver any and all documents reasonably requested by Agent to surrender and transfer such interest, including, without limitation, an Assignment and Acceptance Agreement in the form attached hereto as Exhibit K and such Non-Consenting
Lender’s original Note. The purchase price for the Non-Consenting Lender’s Commitment shall 

  
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equal any and all amounts outstanding and owed by Borrower to the Non-Consenting Lender, including principal and all accrued and unpaid interest or fees, plus any applicable amounts payable
pursuant to §4.8 which would be owed to such Non-Consenting Lender if the Loans were to be repaid in full on the date of such purchase of the Non-Consenting Lender’s Commitment (provided that the Borrower may pay to such Non-Consenting
Lender any interest, fees or other amounts (other than principal) owing to such Non-Consenting Lender). 
 §18.10 Titled
Agents. The Titled Agents shall not have any additional rights or obligations under the Loan Documents, except for those rights, if any, as a Lender. 
  

	§19.	NOTICES. 

 Each notice, demand,
election or request provided for or permitted to be given pursuant to this Agreement (hereinafter in this §19 referred to as “Notice”), but specifically excluding to the maximum extent permitted by law any notices of the institution
or commencement of foreclosure proceedings, must be in writing and shall be deemed to have been properly given or served by personal delivery or by sending same by overnight courier or by depositing same in the United States Mail, postpaid and
registered or certified, return receipt requested, or as expressly permitted herein, by telecopy or telefax, and addressed as follows: 
 If to the Agent or Regions: 
 Regions Bank 

ALBH11502B 

Real Estate Corporate Banking 
 1900 5th
Avenue North 
 Birmingham, Alabama 35203 
 Attn: Kerri Raines 
 Telecopy No.: (205) 264-5456 

With a copy to: 

Regions Bank 

c/o Regions Capital Markets 
 3050 Peachtree Rd NW, Suite 400 
 Atlanta, Georgia 30305 

Attn: Syndicate Services 
 Telecopy No.: (404) 279-7474 
 and 

Alston & Bird LLP 
 1201 West Peachtree Street 
 Atlanta, Georgia 30309 

Attn: Paul Cushing, Esq. 
 Telecopy No.: (404) 253-8270 

  
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 If to the Borrowers: 

Quality Investment Properties Richmond, LLC 
 12851 Foster Street, Suite 205 
 Overland Park, Kansas 66213 

Attn: CEO/President 
 Telecopy No.: (913) 814-7766 
 With a copy to: 

Quality Companies, LLC 
 12851 Foster Street, Suite 205 
 Overland Park, Kansas 66213 

Attn: Corporate Counsel 
 Telecopy No.: (913) 814-7766 
 Stinson Morrison Hecker LLP 

1201 Walnut Street, Suite 2900 
 Kansas City, Missouri 64106-2150 
 Attn: Patrick J. Respeliers 

Telecopy No.: (816) 412-8174 
 to any other Lender which is a party hereto, at the address for such Lender set forth on its signature page hereto, and to any Lender which may hereafter become a party to this Agreement, at such address
as may be designated by such Lender. Each Notice shall be effective upon being personally delivered or upon being sent by overnight courier or upon being deposited in the United States Mail as aforesaid, or if transmitted by telecopy or telefax is
permitted, upon being sent and confirmation of receipt. The time period in which a response to such Notice must be given or any action taken with respect thereto (if any), however, shall commence to run from the date of receipt if personally
delivered or sent by overnight courier, or if so deposited in the United States Mail, the earlier of three (3) Business Days following such deposit or the date of receipt as disclosed on the return receipt. Rejection or other refusal to accept
or the inability to deliver because of changed address for which no notice was given shall be deemed to be receipt of the Notice sent. By giving at least fifteen (15) days’ prior Notice thereof, Borrowers, Guarantors, a Lender or Agent
shall have the right from time to time and at any time during the term of this Agreement to change their respective addresses and each shall have the right to specify as its address any other address within the United States of America. 

 

	§20.	RELATIONSHIP. 

 Neither the Agent
nor any Lender has any fiduciary relationship with or fiduciary duty to the Borrowers, the Guarantors or their respective Subsidiaries (collectively, solely for purposes of this paragraph, the “Loan Parties”) arising out of or in
connection with this Agreement or the other Loan Documents or the transactions contemplated hereunder and thereunder, and the relationship between each Lender and Agent, and the Borrowers and the Guarantors is solely that

  
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of a lender and borrower, and nothing contained herein or in any of the other Loan Documents shall in any manner be construed as making the parties hereto partners, joint venturers or any other
relationship other than lender and borrower. Each Agent, each Lender and their Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of the Loan Parties, their
stockholders and/or their affiliates. The Loan Parties acknowledge and agree that (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial
transactions between the Lenders, on the one hand, and the Loan Parties, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of any
Loan Party, its stockholders or its affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is
currently advising or will advise any Loan Party, its stockholders or its Affiliates on other matters) or any other obligation to any Loan Party except the obligations expressly set forth in the Loan Documents and (y) each Lender is acting
solely as principal and not as the agent or fiduciary of any Loan Party, its management, stockholders, creditors or any other Person. Each Loan Party acknowledges and agrees that it has consulted its own legal and financial advisors to the extent it
deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. Each Loan Party agrees that it will not claim that any Lender has rendered advisory services of
any nature or respect, or owes a fiduciary or similar duty to such Loan Party, in connection with such transaction or the process leading thereto. 
  

	§21.	GOVERNING LAW; CONSENT TO JURISDICTION AND SERVICE. 

 THIS AGREEMENT AND EACH OF THE OTHER LOAN DOCUMENTS, EXCEPT AS OTHERWISE SPECIFICALLY PROVIDED HEREIN OR THEREIN, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. THE BORROWERS AND THE GUARANTORS
AGREE THAT ANY SUIT FOR THE ENFORCEMENT OF THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS MAY BE BROUGHT IN ANY COURT OF COMPETENT JURISDICTION IN THE STATE OF NEW YORK (INCLUDING ANY FEDERAL COURT SITTING THEREIN). THE BORROWERS AND THE
GUARANTORS FURTHER ACCEPT, GENERALLY AND UNCONDITIONALLY, THE NON-EXCLUSIVE JURISDICTION OF SUCH COURTS AND ANY RELATED APPELLATE COURT AND IRREVOCABLY (i) AGREE TO BE BOUND BY ANY JUDGMENT RENDERED
THEREBY WITH RESPECT TO THIS AGREEMENT AND ANY OF THE OTHER LOAN DOCUMENTS AND (ii) WAIVE ANY OBJECTION ANY OF THEM MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH A COURT IS AN INCONVENIENT
FORUM. THE BORROWERS AND THE GUARANTORS FURTHER AGREE THAT SERVICE OF PROCESS IN ANY SUCH SUIT MAY BE MADE UPON THE BORROWERS AND THE GUARANTORS BY MAIL AT THE ADDRESS SPECIFIED IN SECTION 19 HEREOF. IN ADDITION TO THE COURTS OF THE STATE OF NEW
YORK OR ANY FEDERAL COURT SITTING THEREIN, THE AGENT OR ANY LENDER MAY BRING ACTION(S) FOR ENFORCEMENT ON A NONEXCLUSIVE BASIS WHERE ANY COLLATERAL OR ASSETS OF BORROWERS AND THE GUARANTORS EXIST AND THE BORROWERS AND THE GUARANTORS CONSENT TO THE
NONEXCLUSIVE 

  
 125

 
JURISDICTION OF SUCH COURTS AND THE SERVICE OF PROCESS IN ANY SUCH SUIT BEING MADE UPON THE BORROWERS OR GUARANTORS BY MAIL AT THE ADDRESS SPECIFIED IN SECTION 19 HEREOF. 

 

	§22.	HEADINGS. 

 The captions in this
Agreement are for convenience of reference only and shall not define or limit the provisions hereof. 
  

	§23.	COUNTERPARTS. 

 This Agreement
and any amendment hereof may be executed in several counterparts and by each party on a separate counterpart, each of which when so executed and delivered shall be an original, and all of which together shall constitute one instrument. In proving
this Agreement it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom enforcement is sought. 
  

	§24.	ENTIRE AGREEMENT, ETC. 

 This
Agreement and the Loan Documents is intended by the parties as the final, complete and exclusive statement of the transactions evidenced by this Agreement and the Loan Documents. All prior or contemporaneous promises, agreements and understandings,
whether oral or written, are deemed to be superseded by this Agreement and the Loan Documents, and no party is relying on any promise, agreement or understanding not set forth in this Agreement and the Loan Documents. Neither this Agreement nor any
term hereof may be changed, waived, discharged or terminated, except as provided in §27. 
  

	§25.	WAIVER OF JURY TRIAL AND CERTAIN DAMAGE CLAIMS. 

 EACH OF THE BORROWERS, THE GUARANTORS, THE AGENT AND THE LENDERS HEREBY WAIVES ITS RIGHT TO A JURY TRIAL WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN CONNECTION WITH THIS AGREEMENT,
ANY NOTE OR ANY OF THE OTHER LOAN DOCUMENTS, ANY RIGHTS OR OBLIGATIONS HEREUNDER OR THEREUNDER OR THE PERFORMANCE OF SUCH RIGHTS AND OBLIGATIONS. EACH BORROWER AND EACH GUARANTOR HEREBY WAIVES ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH
LITIGATION ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES AND TO THE EXTENT PERMITTED BY APPLICABLE LAW, PUNITIVE OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES. EACH BORROWER AND EACH GUARANTOR (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY LENDER OR THE AGENT HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH LENDER OR THE AGENT WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS AND (B) ACKNOWLEDGES THAT THE AGENT
AND THE LENDERS HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS TO WHICH THEY ARE PARTIES BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS CONTAINED IN THIS §25. EACH BORROWER AND EACH GUARANTOR ACKNOWLEDGES
THAT IT HAS HAD AN OPPORTUNITY TO REVIEW 

  
 126

 
THIS §25 WITH LEGAL COUNSEL AND THAT EACH BORROWER AND EACH GUARANTOR AGREES TO THE FOREGOING AS ITS FREE, KNOWING AND VOLUNTARY ACT. 

 

	§26.	DEALINGS WITH THE BORROWERS AND THE GUARANTORS. 

 The Agent, the Lenders and their affiliates may accept deposits from, extend credit to, invest in, act as trustee under indentures of, serve as financial advisor of, and generally engage in any kind of
banking, trust or other business with the Borrowers, the Guarantors and their respective Subsidiaries or any of their Affiliates regardless of the capacity of the Agent or the Lender hereunder. The Lenders acknowledge that, pursuant to such
activities, Regions or its Affiliates may receive information regarding such Persons (including information that may be subject to confidentiality obligations in favor of such Person) and acknowledge that the Agent shall be under no obligation to
provide such information to them. 
  

	§27.	CONSENTS, AMENDMENTS, WAIVERS, ETC. 

 Except as otherwise expressly provided in this Agreement, any consent or approval required or permitted by this Agreement may be given, and any term of this Agreement or of any other instrument related
hereto or mentioned herein may be amended, and the performance or observance by the Borrowers or the Guarantors of any terms of this Agreement or such other instrument or the continuance of any Default or Event of Default may be waived (either
generally or in a particular instance and either retroactively or prospectively) with, but only with, the written consent of the Required Lenders. Notwithstanding the foregoing, none of the following may occur without the written consent of each
Lender: (a) a reduction in the rate of interest on the Notes (other than a reduction or waiver of default interest); (b) an increase in the amount of the Commitments of the Lenders (except as provided in §2.11 and §18.1);
(c) a forgiveness, reduction or waiver of the principal of any unpaid Loan or any interest thereon or fee payable under the Loan Documents; (d) a reduction of a fee or change in the amount of any fee payable to a Lender hereunder;
(e) the postponement of any date fixed for any payment of principal of or interest on any Loan, or any fee payable to the affected Lenders (excluding any fee payable to any arranger or the Agent in its capacity as administrative agent
hereunder); (f) an extension of the Maturity Date; (g) a change in the manner of distribution of any payments to the Lenders or the Agent; (h) the release of any Borrower, any Guarantor or any Collateral except as otherwise provided
in §5.4, §5.6 or §5.7; (i) an amendment of the definition of Required Lenders or of any requirement for consent by all of the Lenders; (j) any modification to require a Lender to fund a pro rata share of a request for an
advance of the Loan made by the Borrowers other than based on its Commitment Percentage; (k) an amendment to this §27; or (l) an amendment of any provision of this Agreement or the Loan Documents which requires the approval of the
Required Lenders to require a lesser number of Lenders to approve such action. The provisions of §14 may not be amended without the written consent of the Agent. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have
any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Required Lenders, or each affected Lender may be effected with the
consent of the applicable Lenders other than Defaulting Lenders, except that (x) the Commitment of any Defaulting Lender may not be increased without the consent of such Lender, and (y) any waiver, amendment or modification requiring the
consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender). 

  
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 Any amendment of the QTLP Subordination and Standstill Agreement or waiver of the terms
thereof shall require the written consent of the Required Lenders. No waiver shall extend to or affect any obligation not expressly waived or impair any right consequent thereon. No course of dealing or delay or omission on the part of the Agent or
any Lender in exercising any right shall operate as a waiver thereof or otherwise be prejudicial thereto. No notice to or demand upon any of the Borrowers or the Guarantors shall entitle the Borrowers or the Guarantors to other or further notice or
demand in similar or other circumstances. 
  

	§28.	SEVERABILITY. 

 The provisions of
this Agreement are severable, and if any one clause or provision hereof shall be held invalid or unenforceable in whole or in part in any jurisdiction, then such invalidity or unenforceability shall affect only such clause or provision, or part
thereof, in such jurisdiction, and shall not in any manner affect such clause or provision in any other jurisdiction, or any other clause or provision of this Agreement in any jurisdiction. 

 

	§29.	TIME OF THE ESSENCE. 

 Time is of
the essence with respect to each and every covenant, agreement and obligation of the Borrowers and the Guarantors under this Agreement and the other Loan Documents. 
  

	§30.	NO UNWRITTEN AGREEMENTS. 

 THE
LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. ANY
ADDITIONAL TERMS OF THE AGREEMENT BETWEEN THE PARTIES ARE SET FORTH BELOW. 
  

	§31.	REPLACEMENT NOTES. 

 Upon receipt
of evidence reasonably satisfactory to Borrowers of the loss, theft, destruction or mutilation of any Note, and in the case of any such loss, theft or destruction, upon delivery of an indemnity agreement reasonably satisfactory to Borrowers or, in
the case of any such mutilation, upon surrender and cancellation of the applicable Note, Borrowers will execute and deliver, in lieu thereof, a replacement Note, identical in form and substance to the applicable Note and dated as of the date of the
applicable Note and upon such execution and delivery all references in the Loan Documents to such Note shall be deemed to refer to such replacement Note. 
  

	§32.	NO THIRD PARTIES BENEFITED. 

This Agreement and the other Loan Documents are made and entered into for the sole protection and legal benefit of the Borrowers, the
Guarantors, the Lenders, the Agent, the Lender 

  
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Hedge Providers and their permitted successors and assigns, and no other Person shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in
connection with, this Agreement or any of the other Loan Documents. All conditions to the performance of the obligations of the Agent and the Lenders under this Agreement, including the obligation to make Loans, are imposed solely and exclusively
for the benefit of the Agent and the Lenders and no other Person shall have standing to require satisfaction of such conditions in accordance with their terms or be entitled to assume that the Agent and the Lenders will refuse to make Loans in the
absence of strict compliance with any or all thereof and no other Person shall, under any circumstances, be deemed to be a beneficiary of such conditions, any and all of which may be freely waived in whole or in part by the Agent and the Lenders at
any time if in their sole discretion they deem it desirable to do so. In particular, the Agent and the Lenders make no representations and assume no obligations as to third parties concerning the quality of the construction by the Borrowers, the
Guarantors or any of their Subsidiaries of any development or the absence therefrom of defects. 
  

	§33.	PATRIOT ACT. 

 Each Lender and
the Agent (for itself and not on behalf of any Lender) hereby notifies Borrowers and the Guarantors that, pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies Borrowers and the
Guarantors, which information includes names and addresses and other information that will allow such Lender or the Agent, as applicable, to identify the Borrowers and the Guarantors in accordance with the Patriot Act. 

 

	§34.	[Intentionally Omitted]. 

  

	§35.	JOINT AND SEVERAL LIABILITY. 

Each of the Borrowers and the Guarantors covenants and agrees that each and every covenant and obligation of any Borrower or any Guarantor
hereunder and under the other Loan Documents shall be the joint and several obligations of each Borrower and each Guarantor. 
  

	§36.	ADDITIONAL AGREEMENTS CONCERNING OBLIGATIONS OF BORROWERS. 

 §36.1 Attorney-in-Fact. For the purpose of implementing the joint borrower provisions of the Loan Documents, the Borrowers hereby irrevocably appoint each other, and the Borrowers’
Representative, as their agent and attorney-in-fact for all purposes of the Loan Documents, including the giving and receiving of notices and other communications. 
 §36.2 Accommodation. It is understood and agreed that the handling of this credit facility on a joint borrowing basis as set forth in this Agreement is solely as an accommodation to the
Borrowers and at their request. Accordingly, the Agent and the Lenders are entitled to rely, and shall be exonerated from any liability for relying upon, any Loan Request or any other request or communication made by a purported officer of any
Borrower (including, without limitation, Borrowers’ Representative) without the need for any consent or other authorization of any other Borrower and upon any information or certificate provided on behalf of any Borrower by a purported officer
of such Borrower, and any such request or other action shall be fully binding on each Borrower as if made by it. Whenever pursuant to this Agreement or the other 

  
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Loan Documents, the Borrowers’ Representative exercises any right given to it to approve or disapprove, or any arrangement or term is to be satisfactory to Borrowers’ Representative,
the decision of the Borrowers’ Representative to approve or disapprove or to decide whether arrangements or terms are satisfactory or not satisfactory shall (except as is otherwise specifically herein or therein provided) be in the sole
discretion of Borrowers’ Representative and shall be final and conclusive. 
 §36.3 Waiver of Automatic or
Supplemental Stay. Each of the Borrowers represents, warrants and covenants to the Lenders and Agent that in the event of the filing of any voluntary or involuntary petition in bankruptcy by or against the other Borrowers at any time following
the execution and delivery of this Agreement, none of the Borrowers shall seek a supplemental stay or any other relief, whether injunctive or otherwise, pursuant to Section 105 of the Bankruptcy Code or any other provision of the Bankruptcy
Code, to stay, interdict, condition, reduce or inhibit the ability of the Lenders or Agent to enforce any rights it has by virtue of this Agreement, the Loan Documents, or at law or in equity, or any other rights the Lenders or Agent has, whether
now or hereafter acquired, against the other Borrowers or against any property owned by such other Borrowers. 
 §36.4
Waiver of Defenses. Each of the Borrowers hereby waives and agrees not to assert or take advantage of any defense based upon: 
 (a) Any right to require Agent or the Lenders to proceed against the other Borrowers or any other Person or to proceed against or exhaust any security held by Agent or the Lenders at any time or to pursue
any other remedy in Agent’s or any Lender’s power or under any other agreement before proceeding against a Borrower hereunder or under any other Loan Document; 
 (b) The defense of the statute of limitations in any action hereunder or the payment or performance of any of the Obligations or the Hedge Obligations; 

(c) Any defense that may arise by reason of the incapacity, lack of authority, death or disability of any other Person or Persons or the
failure of Agent or any Lender to file or enforce a claim against the estate (in administration, bankruptcy or any other proceeding) of any other Person or Persons; 
 (d) Any failure on the part of Agent or any Lender to ascertain the extent or nature of any Collateral or any insurance or other rights with respect thereto, or the liability of any party liable under the
Loan Documents or the obligations evidenced or secured thereby; 
 (e) Demand, presentment for payment, notice of nonpayment,
protest, notice of protest and all other notices of any kind (except for such notices as are specifically required to be provided to Borrowers pursuant to the Loan Documents), or the lack of any thereof, including, without limiting the generality of
the foregoing, notice of the existence, creation or incurring of any new or additional indebtedness or obligation or of any action or non-action on the part of any Borrower, Agent, any Lender, any endorser or creditor of Borrowers or on the part of
any other Person whomsoever under this or any other instrument in connection with any obligation or evidence of indebtedness held by Agent or any Lender; 

  
 130

 (f) Any defense based upon an election of remedies by Agent or any Lender, including any
election to proceed by judicial or nonjudicial foreclosure of any security, whether real property or personal property security, or by deed in lieu thereof, and whether or not every aspect of any foreclosure sale is commercially reasonable, or any
election of remedies, including remedies relating to real property or personal property security, which destroys or otherwise impairs the subrogation rights of a Borrower or the rights of a Borrower to proceed against the other Borrowers for
reimbursement, or both; 
 (g) Any right or claim of right to cause a marshaling of the assets of Borrowers; 

(h) Any principle or provision of law, statutory or otherwise, which is or might be in conflict with the terms and provisions of this
Agreement; 
 (i) Any duty on the part of Agent or any Lender to disclose to Borrowers any facts Agent or any Lender may now or
hereafter know about Borrowers or the Collateral, regardless of whether Agent or any Lender has reason to believe that any such facts materially increase the risk beyond that which each Borrower intends to assume or has reason to believe that such
facts are unknown to Borrowers or has a reasonable opportunity to communicate such facts to Borrowers, it being understood and agreed that each Borrower is fully responsible for being and keeping informed of the financial condition of the other
Borrowers, of the condition of the Mortgaged Property or the Collateral and of any and all circumstances bearing on the risk that liability may be incurred by Borrowers hereunder and under the other Loan Documents; 

(j) Any lack of notice of disposition or of manner of disposition of any Collateral; 

(k) Any inaccuracy of any representation or other provision contained in any Loan Document; 

(l) Any sale or assignment of the Loan Documents, or any interest therein; 

(m) Any sale or assignment by a Borrower or any other Person of any Collateral, or any portion thereof or interest therein, whether or
not consented to by Agent or any Lender; 
 (n) Any invalidity, irregularity or unenforceability, in whole or in part, of any
one or more of the Loan Documents; 
 (o) Any lack of commercial reasonableness in dealing with the Collateral; 

(p) Any deficiencies in the Collateral or any deficiency in the ability of Agent or any Lender to collect or to obtain performance from
any Persons now or hereafter liable for the payment and performance of any obligation hereby guaranteed; 
 (q) An assertion or
claim that the automatic stay provided by 11 U.S.C. §362 (arising upon the voluntary or involuntary bankruptcy proceeding of the other Borrowers) or any other stay provided under any other debtor relief law (whether statutory, common law, case
law 

  
 131

 
or otherwise) of any jurisdiction whatsoever, now or hereafter in effect, which may be or become applicable, shall operate or be interpreted to stay, interdict, condition, reduce or inhibit the
ability of Agent or any Lender to enforce any of its rights, whether now or hereafter required, which Agent or any Lender may have against a Borrower or the Collateral owned by it; 

(r) Any modifications of the Loan Documents or any Derivatives Contract giving rise to the Hedge Obligations or any obligation of
Borrowers relating to the Loan by operation of law or by action of any court, whether pursuant to the Bankruptcy Code, or any other debtor relief law (whether statutory, common law, case law or otherwise) of any jurisdiction whatsoever, now or
hereafter in effect, or otherwise; 
 (s) Any release of a Borrower or of any other Person from performance or observance of
any of the agreements, covenants, terms or conditions contained in any of the Loan Documents by operation of law, Agent’s or the Lenders’ voluntary act or otherwise; 

(t) Any action, occurrence, event or matter consented to by Borrowers under any provision hereof, or otherwise; 

(u) The dissolution or termination of existence of any Borrower; 

(v) Either with or without notice to Borrowers, any renewal, extension, modification, amendment or another changes in the Obligations or
the Hedge Obligations, including but not limited to any material alteration of the terms of payment or performance of the Obligations or the Hedge Obligations; 
 (w) Any defense of Borrowers, including without limitation, the invalidity, illegality or unenforceability of any of the Obligations or the Hedge Obligations; or 

(x) To the fullest extent permitted by law, any other legal, equitable or surety defenses whatsoever to which Borrowers might otherwise
be entitled, it being the intention that the obligations of Borrowers hereunder are absolute, unconditional and irrevocable. 

§36.5 Waiver. Each of the Borrowers waives, to the fullest extent that each may lawfully so do, the benefit of all
appraisement, valuation, stay, extension, homestead, exemption and redemption laws which such Person may claim or seek to take advantage of in order to prevent or hinder the enforcement of any of the Loan Documents or the exercise by Lenders or
Agent of any of their respective remedies under the Loan Documents and, to the fullest extent that the Borrowers may lawfully so do, such Person waives any and all right to have the assets comprised in the security intended to be created by the
Security Documents (including, without limitation, those assets owned by the other of the Borrowers) marshaled upon any foreclosure of the lien created by such Security Documents. Each of the Borrowers further agrees that the Lenders and Agent shall
be entitled to exercise their respective rights and remedies under the Loan Documents or at law or in equity in such order as they may elect. Without limiting the foregoing, each of the Borrowers further agrees that upon the occurrence and during
the continuance of an Event of Default, the Lenders and Agent may exercise any of such rights and remedies without notice to either of the Borrowers except as required by law or the Loan Documents and agrees that neither the Lenders nor Agent shall
be required to proceed against the other Borrowers or any other Person or to proceed against or to exhaust any other security held 

  
 132

 
by the Lenders or Agent at any time or to pursue any other remedy in Lender’s or Agent’s power or under any of the Loan Documents before proceeding against a Borrower or its assets
under the Loan Documents. 
 §36.6 Subordination. Except as set forth in the Contribution Agreement, each of the
Borrowers hereby expressly waives any right of contribution from or indemnity against the other, whether at law or in equity, arising from any payments made by such Person pursuant to the terms of this Agreement or the Loan Documents, and each of
the Borrowers acknowledges that it has no right whatsoever to proceed against the other for reimbursement of any such payments. In connection with the foregoing, each of the Borrowers expressly waives any and all rights of subrogation to the Lenders
or Agent against the other Borrowers, and each of the Borrowers hereby waives any rights to enforce any remedy which the Lenders or Agent may have against the other of the Borrowers and any rights to participate in any Collateral or any other assets
of the other Borrowers. In addition to and without in any way limiting the foregoing, each of the Borrowers hereby subordinates any and all indebtedness it may now or hereafter owe to such other Borrowers to all indebtedness of the Borrowers to the
Lenders and Agent, and agrees with the Lenders and Agent that neither of the Borrowers shall claim any offset or other reduction of such Borrower’s obligations hereunder because of any such indebtedness and shall not take any action to obtain
any of the Collateral or any other assets of the other Borrowers. 

  
 133

 IN WITNESS WHEREOF, each of the undersigned have caused this Agreement to be executed
by its duly authorized representatives as of the date first set forth above. 
  

			
	QIPR:
	
	QUALITY INVESTMENT PROPERTIES RICHMOND, LLC, a Delaware limited liability company
		
	By:	 	 /s/ William H. Schafer

	Name:	 	William H. Schafer
	Title:	 	Chief Financial Officer
		 	 (SEAL)

	
	QTLP:
	
	QUALITYTECH, LP, a Delaware limited partnership
		
	By:	 	QualityTech GP, LLC, a Delaware limited liability company, its general partner
		
	By:	 	 /s/ William H. Schafer

	Name:	 	William H. Schafer
	Title:	 	Chief Financial Officer
		 	 (SEAL)

	
	QTS RICHMOND TRS:
	
	QUALITY TECHNOLOGY SERVICES RICHMOND II, LLC
		
	By:	 	 /s/ William H. Schafer

	Name:	 	William H. Schafer
	Title:	 	Chief Financial Officer
		 	 (SEAL)

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

 
			
	AGENT AND LENDERS:
	REGIONS BANK, individually and as Agent
		
	By:	 	 /s/ Kerri L. Raines

	Name:	 	Kerri L. Raines
	Title:	 	Vice President
		 	 (SEAL)

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 [Signature
Page to Quality Investment Properties 
 Richmond, LLC Credit Agreement] 

 
			
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Shannon R. Westberg

	Name:	 	Shannon R. Westberg
	Title:	 	Senior Vice President
		 	 (SEAL)

  
 [Signature
Page to Quality Investment Properties 
 Richmond, LLC Credit Agreement] 

 EXHIBIT A 

FORM OF REVOLVING CREDIT NOTE 
  

			
	 $        
	  	            , 20    

 FOR VALUE RECEIVED, the undersigned (collectively, “Maker”), jointly and severally hereby
promise to pay to                         (“Payee”), or order, in accordance with the terms of that certain Credit
Agreement, dated as of December 21, 2012, as from time to time in effect, among the Borrowers, QTS Richmond TRS, QTLP, Regions Bank, for itself and as Agent, and such other Lenders as may be from time to time named therein (the “Credit
Agreement”), to the extent not sooner paid, on or before the Maturity Date, the principal sum of
            ($            ), or such amount as may be advanced by the Payee under the Credit Agreement as a Revolving Credit Loan
with daily interest from the date thereof, computed as provided in the Credit Agreement, on the principal amount hereof from time to time unpaid, at a rate per annum on each portion of the principal amount which shall at all times be equal to the
rate of interest applicable to such portion in accordance with the Credit Agreement, and with interest on overdue principal and, to the extent permitted by applicable law, on overdue installments of interest and late charges at the rates provided in
the Credit Agreement. Interest shall be payable on the dates specified in the Credit Agreement, except that all accrued interest shall be paid at the stated or accelerated maturity hereof or upon the prepayment in full hereof. Capitalized terms used
herein and not otherwise defined herein shall have the meanings set forth in the Credit Agreement. 

Payments hereunder shall be made to the Agent for the Payee at 1900 5th Avenue North, Birmingham, Alabama, 35203, or at such other address
as Agent may designate from time to time. 
 This Note is one of one or more Revolving Credit Notes evidencing borrowings under
and is entitled to the benefits and subject to the provisions of the Credit Agreement. The principal of this Note may be due and payable in whole or in part prior to the Maturity Date and is subject to mandatory prepayment in the amounts and under
the circumstances set forth in the Credit Agreement, and may be prepaid in whole or from time to time in part, all as set forth in the Credit Agreement. 
 Notwithstanding anything in this Note to the contrary, all agreements between the undersigned Maker and the Lenders and the Agent, whether now existing or hereafter arising and whether written or oral,
are hereby limited so that in no contingency, whether by reason of acceleration of the maturity of any of the Obligations or otherwise, shall the interest contracted for, charged or received by the Lenders exceed the maximum amount permissible under
applicable law. If, from any circumstance whatsoever, interest would otherwise be payable to the Lenders in excess of the maximum lawful amount, the interest payable to the Lenders shall be reduced to the maximum amount permitted under applicable
law; and if from any circumstance the Lenders shall ever receive anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excessive interest shall be applied to the reduction of the principal
balance of the Obligations of the undersigned Maker and to the payment of interest or, if such excessive interest exceeds the unpaid balance of principal of the 

  
 A - Page 1

 
Obligations of the undersigned Maker, such excess shall be refunded to the undersigned Maker. All interest paid or agreed to be paid to the Lenders shall, to the extent permitted by applicable
law, be amortized, prorated, allocated and spread throughout the full period until payment in full of the principal of the Obligations of the undersigned Maker (including the period of any renewal or extension thereof) so that the interest thereon
for such full period shall not exceed the maximum amount permitted by applicable law. This paragraph shall control all agreements between the undersigned Maker and the Lenders and the Agent. 

In case an Event of Default shall occur and be continuing, the entire principal amount of this Note may become or be declared due and
payable in the manner and with the effect provided in said Credit Agreement. 
 This Note shall be governed by the laws of the
State of New York. 
 The undersigned Maker and all guarantors and endorsers hereby waive presentment, demand, notice, protest,
notice of intention to accelerate the indebtedness evidenced hereby, notice of acceleration of the indebtedness evidenced hereby and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this Note,
except as specifically otherwise provided in the Credit Agreement, and assent to extensions of time of payment or forbearance or other indulgence without notice. 
 IN WITNESS WHEREOF, the undersigned has by its duly authorized officer executed this Note on the day and year first above written. 

 

			
	QUALITY INVESTMENT PROPERTIES RICHMOND, LLC, a Delaware limited liability company
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	(SEAL)

  
 A - Page 2

 EXHIBIT B 

[INTENTIONALLY OMITTED] 

  
 B-1

 EXHIBIT C 

[INTENTIONALLY OMITTED] 

  
 C-1

 EXHIBIT D 

FORM OF LEASE 

See attached. 

  
 D-1

 EXHIBIT E-1 

FORM OF BORROWER JOINDER AGREEMENT 
 THIS JOINDER AGREEMENT (“Joinder Agreement”) is executed as of             , 20    , by
                                        , a
                                         
(“Joining Party”), and delivered to Regions Bank, as Agent, pursuant to §5.5 of the Credit Agreement dated as of December 21, 2012, as from time to time in effect (the “Credit Agreement”), among the Borrowers, QTLP, QTS
Richmond TRS, Regions Bank, for itself and as Agent, and the other Lenders from time to time party thereto. Terms used but not defined in this Joinder Agreement shall have the meanings defined for those terms in the Credit Agreement. 

RECITALS 
 A. Joining Party is required, pursuant to §5.5 of the Credit Agreement, to become an additional Borrower under the Credit Agreement, the Notes, the Indemnity Agreement and the Contribution Agreement.

 B. Joining Party expects to realize direct and indirect benefits as a result of the availability to Borrowers of the credit
facilities under the Credit Agreement. 
 NOW, THEREFORE, Joining Party agrees as follows: 

AGREEMENT 
 1. Joinder. By this Joinder Agreement, Joining Party hereby becomes a “Borrower” and a “Maker” under the Credit Agreement, the Notes, the Indemnity Agreement, and the
other Loan Documents with respect to all the Obligations of Borrowers now or hereafter incurred under the Credit Agreement and the other Loan Documents, and a [“Borrower”] under the Contribution Agreement, Joining Party agrees that
Joining Party is and shall be bound by, and hereby assumes, all representations, warranties, covenants, terms, conditions, duties and waivers applicable to a Borrower and a “Maker” under the Credit Agreement, the Notes, the Indemnity
Agreement, the other Loan Documents and the Contribution Agreement. 
 2. Representations and Warranties of Joining
Party. Joining Party represents and warrants to Agent that, as of the Effective Date (as defined below), except as disclosed in writing by Joining Party to Agent on or prior to the date hereof and approved by the Agent in writing (which
disclosures shall be deemed to amend the Schedules and other disclosures delivered as contemplated in the Credit Agreement), the representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct in
all material respects as applied to Joining Party as a Borrower on and as of the Effective Date as though made on that date. As of the Effective Date, all covenants and agreements in the Loan Documents and the Contribution Agreement of the Borrowers
are true and correct with respect to Joining Party and no Default or Event of Default shall exist or might exist upon the Effective Date in the event that Joining Party becomes a Borrower. 

  
 E-1 - Page 1

 3. Joint and Several. Joining Party hereby agrees that, as of the Effective Date, the
Credit Agreement, the Notes, the Contribution Agreement, the Indemnity Agreement and the other Loan Documents heretofore delivered to the Agent and the Lenders shall be a joint and several obligation of Joining Party to the same extent as if
executed and delivered by Joining Party, and upon request by Agent, will promptly become a party to the Credit Agreement, the Notes, the Contribution Agreement, the Indemnity Agreement and the other Loan Documents to confirm such obligation.

 4. Further Assurances. Joining Party agrees to execute and deliver such other instruments and documents and take such
other action, as the Agent may reasonably request, in connection with the transactions contemplated by this Joinder Agreement. 

5. GOVERNING LAW. THIS AGREEMENT SHALL BE DEEMED TO BE A CONTRACTUAL OBLIGATION UNDER, AND SHALL BE GOVERNED BY AND CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 6. Counterparts. This Agreement may be executed in any
number of counterparts which shall together constitute but one and the same agreement. 
 7. The effective date (the
“Effective Date”) of this Joinder Agreement is             , 20    . 
 IN WITNESS WHEREOF, Joining Party has executed this Joinder Agreement under seal as of the day and year first above written. 

 

					
	“JOINING PARTY”
		
	  
	 	, a
	  
	 	
			
	By:	 	  
	 	
	Name:	 	  
	 	
	Title:	 	  
	 	
	
	[SEAL]

  

			
	ACKNOWLEDGED:
	
	REGIONS BANK, as Agent
		
	By:	 	  

		
	Its:	 	  

	
	[Printed Name and Title]
	
	[SEAL]

  
 E-1 - Page 2

 EXHIBIT E-2 

FORM OF GUARANTOR JOINDER AGREEMENT 
 THIS JOINDER AGREEMENT (“Joinder Agreement”) is executed as of             , 20    , by
                                        , a
                     (“Joining Party”), and delivered to Regions Bank, as Agent, pursuant to §5.5 of the Credit Agreement dated as of
December 21, 2012, as from time to time in effect (the “Credit Agreement”), among the Borrowers, QTLP, QTS Richmond TRS, Regions Bank, for itself and as Agent, and the other Lenders from time to time party thereto. Terms used but not
defined in this Joinder Agreement shall have the meanings defined for those terms in the Credit Agreement. 
 RECITALS

 A. Joining Party is required, pursuant to §5.5 of the Credit Agreement, to become an additional Guarantor under
the Guaranty, the Indemnity Agreement and the Contribution Agreement. 
 B. Joining Party expects to realize direct and indirect
benefits as a result of the availability to Borrowers of the credit facilities under the Credit Agreement. 
 NOW, THEREFORE,
Joining Party agrees as follows: 
 AGREEMENT 

1. Joinder. By this Joinder Agreement, Joining Party hereby becomes a “Guarantor” under the Guaranty, the
Indemnity Agreement, and the other Loan Documents with respect to all the Obligations of Borrowers now or hereafter incurred under the Credit Agreement and the other Loan Documents, and a [“Guarantor”] under the Contribution
Agreement. Joining Party agrees that Joining Party is and shall be bound by, and hereby assumes, all representations, warranties, covenants, terms, conditions, duties and waivers applicable to a Guarantor under the Guaranty, the Indemnity Agreement,
the other Loan Documents and the Contribution Agreement. 
 2. Representations and Warranties of Joining Party.
Joining Party represents and warrants to Agent that, as of the Effective Date (as defined below), except as disclosed in writing by Joining Party to Agent on or prior to the date hereof and approved by the Agent in writing (which disclosures shall
be deemed to amend the Schedules and other disclosures delivered as contemplated in the Credit Agreement), the representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct in all material
respects as applied to Joining Party as a Guarantor on and as of the Effective Date as though made on that date. As of the Effective Date, all covenants and agreements in the Loan Documents and the Contribution Agreement of the Guarantors are true
and correct with respect to Joining Party and no Default or Event of Default shall exist or might exist upon the Effective Date in the event that Joining Party becomes a Guarantor. 

3. Joint and Several. Joining Party hereby agrees that, as of the Effective Date, the Guaranty, the Contribution Agreement, the
Indemnity Agreement and the other Loan Documents 

  
 E-2 - Page 1

 
heretofore delivered to the Agent and the Lenders shall be a joint and several obligation of Joining Party to the same extent as if executed and delivered by Joining Party, and upon request by
Agent, will promptly become a party to the Guaranty, the Contribution Agreement, the Indemnity Agreement and the other Loan Documents to confirm such obligation. 
 4. Further Assurances. Joining Party agrees to execute and deliver such other instruments and documents and take such other action, as the Agent may reasonably request, in connection with the
transactions contemplated by this Joinder Agreement. 
 5. GOVERNING LAW. THIS AGREEMENT SHALL BE DEEMED TO BE A
CONTRACTUAL OBLIGATION UNDER, AND SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 6. Counterparts. This Agreement may be executed in any number of counterparts which shall together constitute but one and the same agreement. 

7. The effective date (the “Effective Date”) of this Joinder Agreement is
            , 20    . 
 IN WITNESS WHEREOF,
Joining Party has executed this Joinder Agreement under seal as of the day and year first above written. 
  

					
	“JOINING PARTY”
		
	  
	 	, a
	  
	 	
			
	By:	 	  
	 	
	Name:	 	  
	 	
	Title:	 	  
	 	
	
	[SEAL]

  

			
	ACKNOWLEDGED:
	
	REGIONS BANK, as Agent
		
	By:	 	  

		
	Its:	 	  

	
	[Printed Name and Title]
	
	[SEAL]

  
 E-2 - Page 2

 EXHIBIT F 

[INTENTIONALLY OMITTED] 

  
 F-1

 EXHIBIT G 

FORM OF REQUEST FOR REVOLVING CREDIT LOAN 
 Regions Bank, as Agent 
 1900 5th Avenue North 

Birmingham, Alabama 32503 
 Attn: Kerri Raines

 Ladies and Gentlemen: 
 Pursuant to the provisions of §2.7 of the Credit Agreement dated as of December 21, 2012 (as the same may hereafter be amended, the “Credit Agreement”), among the Borrowers, QTLP, QTS
Richmond TRS, Regions Bank, for itself and as Agent, and the other Lenders from time to time party thereto, the undersigned [Borrowers’ Representative] hereby requests and certifies as follows: 

1. Revolving Credit Loan. The undersigned [Borrowers’ Representative] on behalf of all Borrowers hereby requests a
Revolving Credit Loan under §2.1 of the Credit Agreement: 
 Principal Amount: $ 

Type (LIBOR Rate, Base Rate): 
 Drawdown Date: 
 Interest Period for Revolving Credit LIBOR Rate Loans:

 The undersigned [Borrowers’ Representative] on behalf of all Borrowers hereby requests that the proceeds of the Revolving Credit
Loan be made available to the Borrowers by
                                        .

 2. Use of Proceeds. Such Loan shall be used for purposes permitted by §2.9 of the Credit Agreement. 

3. No Default. The undersigned certifies that the Borrowers are and will be in compliance with all covenants under the Loan
Documents after giving effect to the making of the Loan requested hereby and no Default or Event of Default has occurred and is continuing. Attached hereto is a Borrowing Base Certificate setting forth a calculation of the Borrowing Base
Availability after giving effect to the Loan requested hereby. No condemnation proceedings are pending or, to the undersigned knowledge, threatened against any Mortgaged Property. 

4. Representations True. The undersigned certifies, represents and agrees that each of the representations and warranties made by
or on behalf of the Borrowers, the Guarantors or their respective Subsidiaries, contained in the Credit Agreement, in the other Loan Documents or in any document or instrument delivered pursuant to or in connection with the Credit Agreement was true
in all material respects as of the date on which it was made and, is true in all material respects as of the date hereof and shall also be true at and as of the Drawdown Date for the Loan requested hereby, with the same effect as if made at and as
of such Drawdown Date, except to the extent of changes resulting from transactions permitted by the Loan Documents (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be
required to be true and correct only as of such specified date). 

  
 G-1

 5. Other Conditions. The [Borrowers’ Representative] and the undersigned
certifies, represents and agrees that all other conditions to the making of the Loan requested hereby set forth in the Credit Agreement have been satisfied. 
 6. Definitions. Terms defined in the Credit Agreement are used herein with the meanings so defined. 
 IN WITNESS WHEREOF, the undersigned has duly executed this request this     day of             , 20    .

  

					
	QUALITY INVESTMENT PROPERTIES
	RICHMOND, LLC, a Delaware limited liability company
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	QUALITYTECH, LP, a Delaware limited partnership
		
	By:	 	QualityTech GP, LLC, a Delaware limited
		 	liability company, its general partner
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 [To be signed by chief financial officer or chief accounting officer] 

  
 G-2

 EXHIBIT H 

INTENTIONALLY OMITTED 

  
 H-1

 EXHIBIT I 

FORM OF BORROWING BASE CERTIFICATE 
 BORROWING BASE WORKSHEET 
  

					
	A.	  	Mortgaged Property Appraised Value Test:	  	
			
		  	Aggregate Amount of Appraised Value of each Mortgaged Property (other than the Richmond Property)	  	$            
			
		  	“Upon Completion” value for Building 1 at the Richmond Property	  	$
			
		  	Appraised Value of all buildings (other than Building 1) at the Richmond Property and excess land	  	$
		  	  
 [See attached spreadsheet listing
values]
  
	  	
	B.	  	Borrowing Base Value: 55% of Mortgaged Property Aggregate Appraised Value (exclusive of the Richmond Property) plus in respect of the Richmond Property, fifty-five (55%) of
the sum of (i) the “Upon Completion” value for Building 1 at the Richmond Property plus (ii) the Appraised Value of the remaining buildings and excess land	  	$
			
	C.	  	Borrowing Base Debt Service Coverage Ratio Test: The maximum principal amount of the Loans, which would not cause the Borrowing Base Debt Service Coverage Ratio to be less than the
Borrowing Base Debt Service Coverage Ratio specified in the table below corresponding to the period during which the Borrowing Base Availability is being determined:	  	$

  

			
	 Period
	  	Borrowing Base Debt
Service Coverage Ratio
	 Closing Date to but excluding June 30, 2013
	  	1.30 to 1.00
	 June 30, 2013 to but excluding December 31, 2013
	  	1.40 to 1.00
	 December 31, 2013 to but excluding March 31, 2014
	  	1.60 to 1.00
	 March 31, 2014 to but excluding December 31, 2015
	  	1.750 to 1.00
	 On and after December 31, 2015
	  	2.00 to 1.00

 [See attached
Spreadsheet]                                       
  

  
 I-1

					
	D.	  	Borrowers Debt Yield: The maximum principal amount of the Loans which would not cause the Borrower Debt Yield to be less than the Borrowers Debt Yield specified in the table below
corresponding to the period during which the Borrowing Base Availability is being determined:	  	$            

  

					
	 Period
	  	Borrowers Debt Yield	 
	 Closing Date to but excluding June 30, 2013
	  	 	12.00	% 
	 June 30, 2013 to but excluding December 31, 2013
	  	 	13.00	% 
	 December 31, 2013 to but excluding March 31, 2014
	  	 	14.50	% 
	 March 31, 2014 to but excluding December 31, 2015
	  	 	16.250	% 
	 On and after December 31, 2015
	  	 	18.00	% 

  

					
	E.	  	Borrowing Base Availability: Lesser of B, C or D	  	$            

  
 I-2

 EXHIBIT J 

FORM OF COMPLIANCE CERTIFICATE 

Regions Bank, as Agent 

1900
5th Avenue North 

Birmingham, Alabama 32503 
 Attn: Kerri Raines

 Ladies and Gentlemen: 
 Reference is made to the Credit Agreement dated as of December 21, 2012 (as the same may hereafter be amended, the “Credit Agreement”) by and among the Borrowers, QTLP, QTS Richmond TRS,
Regions Bank, for itself and as Agent, and the other Lenders from time to time party thereto. Terms defined in the Credit Agreement and not otherwise defined herein are used herein as defined in the Credit Agreement. 

Pursuant to the Credit Agreement, Parent Company is furnishing to you herewith (or have most recently furnished to you) the consolidated
financial statements of Parent Company for the fiscal period ended (the “Balance Sheet Date”). Such financial statements have been prepared in accordance with GAAP and present fairly in all material respects the consolidated financial
position of Parent Company at the date thereof and the results of its operations for the periods covered thereby. 
 This
certificate is submitted in compliance with requirements of §2.11(e), §5.4(b), §7.4(c), §8.1, §10.12 or §11.3 of the Credit Agreement. If this certificate is provided under a provision other than §7.4(c), the
calculations provided below are made using the consolidated financial statements of Parent Company as of the Balance Sheet Date adjusted in the best good faith estimate of Parent Company to give effect to the making of a Loan, acquisition or
disposition of property or other event that occasions the preparation of this certificate; and the nature of such event and the estimate of Parent Company of its effects are set forth in reasonable detail in an attachment hereto. The undersigned
officer is the chief financial officer or chief accounting officer of Parent Company. 
 The undersigned representative has
caused the provisions of the Loan Documents to be reviewed and has no knowledge of any Default or Event of Default. (Note: If the signer does have knowledge of any Default or Event of Default, the form of certificate should be revised to specify the
Default or Event of Default, the nature thereof and the actions taken, being taken or proposed to be taken by the Borrowers and Guarantors with respect thereto.) 
 The undersigned is providing the attached information to demonstrate compliance as of the date hereof with the covenants described in the attachment hereto. 

  
 J-1

 IN WITNESS WHEREOF, the undersigned have duly executed this Compliance Certificate this
    day of             , 20    . 
 [Prior to the IPO Event to be signed by QTLP; Following IPO Event to be signed by REIT] 

  
 J-2

 APPENDIX TO COMPLIANCE CERTIFICATE 

  
 J-3

 WORKSHEET 
 GROSS ASSET VALUE 
  

					
	A.	  	The Adjusted Net Operating Income of any Real estate owned by Parent Company or its Subsidiaries which is a Stabilized Property divided by .10	  	$            
			
	B.	  	The cost basis book value determined in accordance with GAAP of all Real Estate acquired by Parent Company or any of its Subsidiaries for the prior two fiscal quarters most recently
ended	  	$
			
	C.	  	Book Value of Development Properties	  	$
			
	D.	  	Book Value of Land Assets:	  	$
			
	E.	  	Amount of cash contained in any accounts established by or the benefit of Parent Company or its Subsidiaries to effectuate a tax-deferred exchange (also known as a “1031”
exchange) in connection with the purchase and/or sale of all or a portion of Real Estate; plus	  	$
			
	F.	  	Aggregate amount of Unrestricted Cash and Cash Equivalents of Parent Company and its Subsidiaries:	  	$
			
	G.	  	Aggregate amount of Restricted Cash and Cash Equivalents of Parent Company and its Subsidiaries that does not qualify as “Unrestricted” as defined in the definition of
Unrestricted Cash and Cash Equivalents (excluding amounts included in E above) (to the extent approved by Agent)	  	$
			
	H.	  	Pro rata share of Gross Asset Value attributable to such assets owned by Unconsolidated Affiliates:	  	$
			
		  		  	$
			
		  		  	$
			
		  	Gross Asset Value equals sum of A plus B plus C plus D plus E plus F plus G plus H	  	$

  
 J-4

 EXHIBIT K 

FORM OF ASSIGNMENT AND ACCEPTANCE AGREEMENT 
 THIS ASSIGNMENT AND ACCEPTANCE AGREEMENT (this “Agreement”) dated                     , by and
between
                                        
(“Assignor”), and                     (“Assignee”). 
 WITNESSETH: 
 WHEREAS, Assignor is a party to that certain Credit Agreement, dated
December 21, 2012, by and among the Borrowers, QTLP, QTS Richmond TRS, the other lenders that are or may become a party thereto, and Regions Bank, individually and as Agent (the “Credit Agreement”); and 

WHEREAS, Assignor desires to transfer to Assignee the Assignor’s Revolving Credit Commitment under the Credit Agreement and its
rights with respect to the Commitment assigned and its Outstanding Loans with respect thereto; 
 NOW, THEREFORE, for and in
consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, Assignor and Assignee hereby agree as follows: 

1. Definitions. Terms defined in the Credit Agreement and used herein without definition shall have the respective meanings
assigned to such terms in the Credit Agreement. 
 2. Assignment. 

(a) Subject to the terms and conditions of this Agreement and in consideration of the payment to be made by Assignee to Assignor pursuant
to Paragraph 5 of this Agreement, effective as of the “Assignment Date” (as defined in Paragraph 7 below), Assignor hereby irrevocably sells, transfers and assigns to Assignee, without recourse, a portion of its Revolving Credit Note in
the amount of $         representing a $         Revolving Credit Commitment, and a          percent (    
%) Revolving Credit Commitment Percentage, and a corresponding interest in and to all of the other rights and obligations under the Credit Agreement and the other Loan Documents relating thereto (the assigned interests being hereinafter
referred to as the “Assigned Interests”), including Assignor’s share of all outstanding Revolving Credit Loans with respect to the Assigned Interests and the right to receive interest and principal on and all other fees and amounts
with respect to the Assigned Interests, all from and after the Assignment Date, all as if Assignee were an original Lender under and signatory to the Credit Agreement having a Revolving Credit Commitment Percentage equal to the amount of the
respective Assigned Interests. 
 (b) Assignee, subject to the terms and conditions hereof, hereby assumes all obligations of
Assignor with respect to the Assigned Interests from and after the Assignment Date as if Assignee were an original Lender under and signatory to the Credit Agreement and the “Intercreditor Agreement” (as hereinafter defined), which
obligations shall include, but shall not be limited to, the obligation to make Revolving Credit Loans to the Borrowers with respect to the 

  
 K-1

 
Assigned Interests and to indemnify the Agent as provided therein (such obligations, together with all other obligations set forth in the Credit Agreement and the other Loan Documents are
hereinafter collectively referred to as the “Assigned Obligations”). Assignor shall have no further duties or obligations with respect to, and shall have no further interest in, the Assigned Obligations or the Assigned Interests.

 3. Representations and Requests of Assignor. 
 (a) Assignor represents and warrants to Assignee (i) that it is legally authorized to, and has full power and authority to, enter into this Agreement and perform its obligations under this Agreement;
(ii) that as of the date hereof, before giving effect to the assignment contemplated hereby the principal face amount of Assignor’s Revolving Credit Note is $         and the aggregate outstanding
principal balance of the Revolving Credit Loans made by it equals $        , and (iii) that it has forwarded to the Agent the Revolving Credit Note held by Assignor. Assignor makes no representation or
warranty, express or implied, and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Loan Documents or the execution, legality, validity, enforceability, genuineness or
sufficiency of any Loan Document or any other instrument or document furnished pursuant thereto or in connection with the Loan, the collectability of the Loans, the continued solvency of the Borrowers or the Guarantors or the continued existence,
sufficiency or value of the Collateral or any assets of the Borrowers or the Guarantors which may be realized upon for the repayment of the Loans, or the performance or observance by the Borrowers or the Guarantors of any of their respective
obligations under the Loan Documents to which it is a party or any other instrument or document delivered or executed pursuant thereto or in connection with the Loan; other than that it is the legal and beneficial owner of, or has the right to
assign, the interests being assigned by it hereunder and that such interests are free and clear of any adverse claim. 
 (b)
Assignor requests that the Agent obtain replacement Revolving Credit Notes for each of Assignor and Assignee as provided in the Credit Agreement. 
 4. Representations of Assignee. Assignee makes and confirms to the Agent, Assignor and the other Lenders all of the representations, warranties and covenants of a Lender under Articles 14 and 18 of
the Credit Agreement. Without limiting the foregoing, Assignee (a) represents and warrants that it is legally authorized to, and has full power and authority to, enter into this Agreement and perform its obligations under this Agreement;
(b) confirms that it has received copies of such documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement; (c) agrees that it has and will, independently and without
reliance upon Assignor, any other Lender or the Agent and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in evaluating the Loans, the Loan Documents, the creditworthiness
of the Borrowers and the Guarantors and the value of the assets of the Borrowers and the Guarantors, and taking or not taking action under the Loan Documents and any intercreditor agreement among the Lenders and the Agent (the “Intercreditor
Agreement”); (d) appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers as are reasonably incidental thereto pursuant to the terms of the Loan Documents and the Intercreditor Agreement;
(e) agrees that, by this Assignment, Assignee has become a party to and will perform in 

  
 K-2

 
accordance with their terms all the obligations which by the terms of the Loan Documents and the Intercreditor Agreement are required to be performed by it as a Lender; (f) represents and
warrants that Assignee does not control, is not controlled by, is not under common control with and is otherwise free from influence or control by, the Borrowers or the Guarantors and is not a Defaulting Lender or an Affiliate of a Defaulting
Lender, (g) agrees that if Assignee is not incorporated under the laws of the United States of America or any State, it has on or prior to the date hereof delivered to Borrowers and Agent certification as to its exemption (or lack thereof) from
deduction or withholding of any United States federal income taxes and (h) if Assignee is an assignee of any portion of the Revolving Credit Notes, Assignee has a net worth as of the date hereof of not less than $100,000,000.00 unless waived in
writing by [Borrowers’ Representative] and Agent as required by the Credit Agreement. Assignee agrees that Borrowers may rely on the representation contained in Section 4(h). 

5. Payments to Assignor. In consideration of the assignment made pursuant to Paragraph 1 of this Agreement, Assignee agrees to pay
to Assignor on the Assignment Date, an amount equal to $         representing the aggregate principal amount outstanding of the Revolving Credit Loans owing to Assignor under the Credit Agreement and the other
Loan Documents with respect to the Assigned Interests. 
 6. Payments by Assignor. Assignor agrees to pay the Agent on
the Assignment Date the registration fee required by §18.2 of the Credit Agreement. 
 7. Effectiveness. 

(a) The effective date for this Agreement shall be
                     (the “Assignment Date”). Following the execution of this Agreement, each party hereto shall deliver its duly executed
counterpart hereof to the Agent for acceptance and recording in the Register by the Agent. 
 (b) Upon such acceptance and
recording and from and after the Assignment Date, Assignee shall be a party to the Credit Agreement and the Intercreditor Agreement and, to the extent of the Assigned Interests, have the rights and obligations of a Lender thereunder, and Assignor
shall, with respect to the Assigned Interests, relinquish its rights and be released from its obligations under the Credit Agreement and the Intercreditor Agreement. 
 (c) Upon such acceptance and recording and from and after the Assignment Date, the Agent shall make all payments in respect of the rights and interests assigned hereby accruing after the Assignment Date
(including payments of principal, interest, fees and other amounts) to Assignee. 
 (d) All outstanding LIBOR Rate Loans shall
continue in effect for the remainder of their applicable Interest Periods and Assignee shall accept the currently effective interest rates on its Assigned Interest of each LIBOR Rate Loan, 

  
 K-3

 8. Notices. Assignee specifies as its address for notices and its Lending Office for
all assigned Loans, the offices set forth below: 
  

									
	Notice Address:	 	  
	 		 	
		 	  
	 		 	
		 	  
	 		 	
		 	  
	 		 	
		 	Attn:	 	  
	 		 	
		 	Facsimile:	 		 	
				
	Domestic Lending Office:	 	Same as above	 		 	
				
	Eurodollar Lending Office:	 	Same as above	 		 	

 9. Payment Instructions. All payments to Assignee under the Credit Agreement shall be made as
provided in the Credit Agreement in accordance with the separate instructions delivered to Agent. 
 10. Governing Law.
THIS AGREEMENT IS INTENDED TO TAKE EFFECT AS A SEALED INSTRUMENT FOR ALL PURPOSES AND TO BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO CONFLICT OF LAWS). 

11. Counterparts. This Agreement may be executed in any number of counterparts which shall together constitute but one and the
same agreement. 
 12. Amendments. This Agreement may not be amended, modified or terminated except by an agreement in
writing signed by Assignor and Assignee, and consented to by Agent. 
 13. Successors, This Agreement shall inure to the
benefit of the parties hereto and their respective successors and assigns as permitted by the terms of Credit Agreement and the Intercreditor Agreement. 
 [signatures on following page] 

  
 K-4

 IN WITNESS WHEREOF, intending to be legally bound, each of the undersigned has caused this
Agreement to be executed on its behalf by its officers thereunto duly authorized, as of the date first above written. 
  

			
	ASSIGNEE:
		
	By:	 	  

	Title:	 	
	
	ASSIGNOR:
		
	By:	 	  

	Title:	 	

  

					
	RECEIPT ACKNOWLEDGED AND
	ASSIGNMENT CONSENTED TO BY:
	
	REGIONS BANK, as Agent
		
	By:	 	  

		 	Title:
	
	CONSENTED TO BY:1
	
	QUALITYTECH, LP, a Delaware limited partnership
		
	By:	 	QualityTech GP, LLC, a Delaware
		 	limited liability company
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  

	1 	Insert signature block of Borrowers’ Representative to extent required by Credit Agreement. 

  
 K-5

 SCHEDULE 1.1 

LENDERS AND COMMITMENTS 
 REVOLVING CREDIT LOAN 
  

									
	 Name and Address
	  	Revolving Credit
Loan Commitment	 	  	Revolving Credit
Commitment Percentage	 
	 Regions Bank

ALBH11502B
 1900 5th
Avenue North
 Birmingham, Alabama 35203

 
 LIBOR Lending Office

Same as Above
	  	$	40,000,000	  	  	 	50.0	% 
	 Bank of America, N.A.

135 South LaSalle Street, Suite 640

Mail Code: IL-135-06-41

Chicago, Illinois 60603

Attention: Ronald. S. Bachurek

Telephone: 312-992-2596

Facsimile: 312-992-6273
  

LIBOR Lending Office

Same as Above
	  	$	40,000,000	  	  	 	50.0	% 
		  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	80,000,000	  	  	 	100.0	% 
		  	  
	  
	 	  	  
	  
	 

  
 Schedule 1.1 -
Page 1 

 SCHEDULE 1.2 

ELIGIBLE REAL ESTATE QUALIFICATION DOCUMENTS 
 With respect to any parcel of Real Estate of a Subsidiary Borrower proposed to be included in the Collateral, each of the following: 

(a) Description of Property. A narrative description of the Real Estate, the improvements thereon and the tenants or licensees and
Leases relating to such Real Estate. 
 (b) Security Documents. Such Security Documents relating to such Real Estate as
the Agent shall in good faith require, duly executed and delivered by the respective parties thereto. 
 (c) Enforceability
Opinion. If required by the Agent, the favorable legal opinion of counsel to such Borrower, from counsel reasonably acceptable to the Agent and qualified to practice in the State in which such Real Estate is located with respect to any Mortgage
or Assignment of Leases and Rents, addressed to the Lenders and the Agent covering the enforceability of such Security Documents and such other matters as the Agent shall reasonably request. 

(d) Perfection of Liens. Evidence reasonably satisfactory to the Agent that the Security Documents are effective to create in
favor of the Agent a legal, valid and enforceable first lien or security title and security interest in such Real Estate and that all filings, recordings, deliveries of instruments and other actions necessary or desirable to protect and preserve
such liens or security title or security interests have been duly effected. 
 (e) Survey and Taxes. The Survey of such
Real Estate, together with the Surveyor Certification and evidence of payment of all real estate taxes, assessments and municipal charges on such Real Estate which on the date of determination are required to have been paid under §7.8 or
§8.20. 
 (f) Title Insurance; Title Exception Documents. The Title Policy (or “marked” commitment/pro
forma policy for a Title Policy) covering such Real Estate, including all endorsements thereto, and together with proof of payment of all fees and premiums for such policy, and true and accurate copies of all documents listed as exceptions under
such policy. 
 (g) UCC Certification. A certification from the Title Insurance Company, records search firm, or counsel
satisfactory to the Agent that a search of the appropriate public records disclosed no conditional sales contracts, security agreements, chattel mortgages, leases of personally, financing statements or title retention agreements which affect any
property, rights or interests of Borrower that are or are intended to be subject to the security interest, security title, assignments, and mortgage liens created by the Security Documents relating to such Real Estate except to the extent that the
same are discharged and removed prior to or simultaneously with the inclusion of the Real Estate in the Collateral. 
 (h)
Management Agreement. A true copy of the Management Agreement, if any, relating to such Real Estate, which shall be in form and substance reasonably satisfactory to the Agent. 

  
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 (i) Leases. True copies of all Leases relating to such Real Estate as the Agent or
the Required Lenders may request and a Rent Roll for such Real Estate certified by such Borrower as accurate and complete as of a recent date, each of which shall be in form and substance reasonably satisfactory to the Required Lenders. 

(j) Lease Form. The form of Lease, if any, to be used by such Borrower in connection with future leasing of such Mortgaged
Property, which shall be in form and substance reasonably satisfactory to the Agent. 
 (k) Subordination Agreements. A
Subordination, Attornment and Non-Disturbance Agreement from tenants or licensees of such Real Estate as required by the Agent. 

(l) Estoppel Certificates. Estoppel certificates from tenants or licensees of such Real Estate as required by Agent, such
certificates to be dated not more than thirty (30) days prior to the inclusion of such Real Estate in the Collateral, each such estoppel certificate to be in form and substance reasonably satisfactory to the Agent. 

(m) Certificates of Insurance, Each of (i) a current certificate of insurance as to the insurance maintained by such Borrower
on such Real Estate (including flood insurance if necessary) from the insurer or an independent insurance broker dated as of the date of determination, identifying insurers, types of insurance, insurance limits, and policy terms; (ii) certified
copies of all policies evidencing such insurance (or certificates therefor signed by the insurer or an agent authorized to bind the insurer•); and (iii) such further information and certificates from such Borrower, its insurers and
insurance brokers as the Agent may reasonably request, all of which shall be in compliance with the requirements of this Agreement. 
 (n) Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrowers and reasonably acceptable to Agent (the “Inspector”)
satisfactory in form and content to the Agent and the Required Lenders, dated not more than one hundred eighty (180) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent and the Required
Lenders may reasonably require. 
 (o) Hazardous Substance Assessments. A hazardous waste site assessment report
addressed to the Agent (or the subject of a reliance letter addressed to, and in a form reasonably satisfactory to, the Agent) concerning Hazardous Substances and asbestos on such Real Estate dated or updated not more than one hundred eighty
(180) days prior to the inclusion of such Real Estate in the Collateral, from the Environmental Engineer, such report to contain no qualifications except those that are acceptable to the Required Lenders in their reasonable discretion and to
otherwise be in form and substance reasonably satisfactory to the Agent in its sole discretion. 
 (p) Zoning and Land Use
Compliance. Such evidence regarding zoning and land use compliance as the Agent may require and approve in its reasonable discretion. 
 (q) Certificate of Occupancy. A copy of the certificate(s) of occupancy issued to such Borrower for such parcel of Real Estate permitting the use and occupancy of the Building thereon (or a copy of
the certificates of occupancy issued for such parcel of Real Estate and 

  
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evidence satisfactory to the Agent that any previously issued certificate(s) of occupancy is not required to be reissued to such Borrower), or evidence reasonably satisfactory to the Agent that
no certificates of occupancy are necessary to the use and occupancy thereof. 
 (r) Appraisal. An Appraisal of such Real
Estate, in form and substance satisfactory to the Agent and the Required Lenders as provided in §5.2 and dated not more than ninety (90) days prior to the inclusion of such Real Estate in the Collateral. 

(s) Budget. An operating and capital expenditure budget for such Real Estate in form and substance reasonably satisfactory to the
Required Lenders, together with a twelve (12) month cash flow projection. The capital expenditure budget for the Real Estate must show adequate reserves or cash flow to cover capital expenditure needs of the Real Estate. 

(t) Operating Statements. Operating statements for such Real Estate in the form of such statements delivered to the Lenders under
§7.4(e) covering each of the four fiscal quarters ending immediately prior to the addition of such Real Estate to the Collateral, to the extent available. 
 (u) Environmental Disclosure. Such evidence regarding compliance with §6.20(d) as Agent may reasonably require. 
 (v) Subsidiary Borrower Documents. With respect to Real Estate owned by a Subsidiary, the Joinder Agreement and such other documents, instruments, reports, assurances, or opinions as the Agent may
reasonably require. 
 (w) Additional Documents. Such other agreements, documents, certificates, reports or assurances as
the Agent may reasonably require. 

  
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Page 3 

 EXHIBITS AND SCHEDULES 

 

			
	Exhibit A	 	FORM OF REVOLVING CREDIT NOTE
		
	Exhibit B	 	INTENTIONALLY OMITTED
		
	Exhibit C	 	INTENTIONALLY OMITTED
		
	Exhibit D	 	FORM OF MASTER SPACE AGREEMENT
		
	Exhibit E-1	 	FORM OF BORROWER JOINDER AGREEMENT
		
	Exhibit E-2	 	FORM OF GUARANTOR JOINDER AGREEMENT
		
	Exhibit F	 	INTENTIONALLY OMITTED
		
	Exhibit G	 	FORM OF REQUEST FOR LOAN
		
	Exhibit H	 	INTENTIONALLY OMITTED
		
	Exhibit I	 	FORM OF BORROWING BASE CERTIFICATE
		
	Exhibit J	 	FORM OF COMPLIANCE CERTIFICATE
		
	Exhibit K	 	FORM OF ASSIGNMENT AND ACCEPTANCE AGREEMENT
		
	Schedule 1.1	 	LENDERS AND COMMITMENTS
		
	Schedule 1.2	 	ELIGIBLE REAL ESTATE QUALIFICATION DOCUMENTS
		
	Schedule 1.3	 	DISCLOSED COMPETITOR
		
	Schedule 1.4	 	EXCLUDED ASSETS
		
	Schedule 2.10	 	EXISTING LETTERS OF CREDIT
		
	Schedule 6.3	 	LIST OF ALL ENCUMBRANCES ON ASSETS
		
	Schedule 6.5	 	NO MATERIAL CHANGES
		
	Schedule 6.6	 	FRANCHISES, PATENTS, COPYRIGHTS, ETC.
		
	Schedule 6.7	 	PENDING LITIGATION
		
	Schedule 6.15	 	CERTAIN TRANSACTIONS
		
	Schedule 6.18	 	TRADENAMES
		
	Schedule 6.20(c)	 	ENVIRONMENTAL COMPLIANCE

  
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	Schedule 6.20(d)	 	REQUIRED ENVIRONMENTAL ACTIONS
		
	Schedule 6.21(a)	 	PARENT COMPANY SUBSIDIARIES
		
	Schedule 6.21(b)	 	UNCONSOLIDATED AFFILIATES OF PARENT COMPANY AND ITS SUBSIDIARIES
		
	Schedule 6.22	 	EXCEPTIONS TO RENT ROLL
		
	Schedule 6.23	 	MANAGEMENT AGREEMENTS; MATERIAL AGREEMENTS
		
	Schedule 6.25	 	MATERIAL LOAN AGREEMENTS
		
	Schedule 6.34	 	SERVICE GUARANTEES

  
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