Document:

Employment Agreement

 EXHIBIT 10.1 
 

 
 January 31, 2008 
 Kevin
Shifrin 
 4264 North Morning Dove Circle 
 Mesa, Arizona 85207

 Dear Kevin: 
 I am pleased to extend you an offer to join
Stereotaxis as Senior Vice President, Global Marketing and Strategic Planning. Your position will be located in our St. Louis, MO facility. This letter outlines the terms of your employment offer. 
 Your annualized base salary will be $270,000 payable semi-monthly. You will be eligible to participate in the Corporate Bonus Plan with a bonus potential of up to 50% of
your base salary based upon achieving specific corporate and individual objectives (see attached draft of 2008 Corporate Objectives). You will be eligible for a full year of participation assuming a start date of March 15, 2008 or earlier.

 You will also receive a gross lump sum signing bonus of $50,000 (less all required deductions) payable after 60 days of continuous employment with the
Company. The payment will be processed in accordance with the Company’s regular payroll schedule. This bonus will be subject to recovery should you voluntarily resign within one year of employment. 
 As per our discussion, this letter confirms that Management has a goal for 2009 to move toward a greater emphasis on cash incentives as a part of total compensation for
its senior management team. Your position will be included in any changes that are implemented. Please understand that such changes are subject to Board approval. 
 Additionally, I will recommend that the Board of Directors grant you 25,000 Performance Based Restricted shares of the Company’s stock at its next regular meeting. Performance Based Restricted shares shall vest as specific corporate
performance goals are achieved per the attached Performance Share summary which includes the goals. There are no time limitations on vesting. However, if any of the performance criteria are not met on or before June 15, 2010, the portion
of shares subject to that criteria will be forfeited. All shares shall be subject to the other terms and conditions set forth in the Company’s stock option plan and the Performance Share Agreement (see attached agreement). Such grant is subject
to the final approval of the Board of Directors. 
 I will also recommend that the Board of Directors grant you options to purchase up to 125,000 shares of
the Company’s stock. These options will vest 25% after the first year and then monthly thereafter at the rate of 2.0833% per month such that all rights are available by the end of 4 years from the date of grant. The options will be treated
as Incentive Stock Options to the extent allowed under the IRS Code. All shares shall be subject to the other terms and conditions set forth in the Company’s stock option plan and the Incentive Stock Option Agreement (see attached
agreement). Such grant is subject to the final approval of the Board of Directors. 

 Along with this initial grant, you will be eligible for annual equity grants starting in 2009. Any future awards will be
based on Company guidelines for your position and your performance. All grants are subject to Board approval. 
 As you know, this position will ultimately
be located in St. Louis, MO and you will be expected to relocate to the St. Louis area in a timely manner. To facilitate your physical relocation, and subject to prior approval, you will be reimbursed for reasonable relocation expenses according to
the terms of the attached relocation program. This program includes provisions for the sale of your home, the physical move of your household goods to St. Louis, temporary living for you and your family as well as assistance with the purchase of a
home in St. Louis. In addition, any taxable relocation expenses will be grossed up. Any payments made to you or on your behalf with respect to this relocation will be subject to recovery should you voluntarily resign within one year of relocation.

 You shall be entitled to the standard benefits (see attached benefit summary) made available by the Company from time to time including medical and dental
insurance for you and your family (subject to employee contributions) and paid time off for vacation and sick time (PTO) of fifteen days per year accumulated at a rate of 1.25 days per month. 
 Stereotaxis is an “at-will” employer, which means that you or Stereotaxis may terminate your employment at any time, with or without cause and without notice.
You will be required to execute the Company’s standard At-Will-Employment Agreement and Confidentiality and Non-compete Agreement, which includes provisions relating to arbitration of employment disputes. If you are terminated for other than
cause you will receive a guarantee of 6 months severance. 
 By signing this letter, you agree that you are not a party to any employment agreement,
non-compete agreement or confidentiality agreement that might be inconsistent with your agreement with Stereotaxis. You must also furnish us with proof that you are authorized to work in the US. 
 Kevin, we welcome you to Stereotaxis and are enthusiastic about working with you to build our company. This letter contains all the terms and conditions of the
Company’s offer of employment to you and any previous discussions, understandings or agreements are superseded by this letter. This offer is contingent upon your completion of the Company’s standard employment application and the
Company’s satisfactory completion of its checks on your background. If the foregoing terms are acceptable, please indicate your agreement by signing this letter in the space provided below at your earliest convenience but not later than five
days from the date of this letter. 
 Sincerely, 
  

	
	Mike Kaminski
	President and COO

 ACCEPTED and AGREED this 1st day of February of 2008. 
 My starting date will be the 25th day of March 2008. 
  

	
	 /s/ Kevin Shifrin

	Kevin Shifrin

 AT-WILL EMPLOYMENT AGREEMENT 
 It is understood and agreed that the employment by Stereotaxis, Inc., a Delaware corporation (the “Company” or “Stereotaxis”), of the employee named
below (“Employee”) shall be subject to the terms and conditions of this At-Will Agreement (“Agreement”). 
  

	1.	Position; Base Salary; Incentive Compensation. 

 Employee shall
serve as Senior Vice President, Global Marketing and Strategic Planning or in such other capacity or capacities as Stereotaxis may from time to time direct. Employee shall report to Mike Kaminski, President and COO or such other person as the
Company may from time to time direct. Employee’s supervisor shall schedule employee’s hours of work and Employee’s position with the Company is Exempt. 
 Employee shall be paid according to the terms of his offer letter, or as provided in the future by Employer from time to time in writing. Such payments shall be subject to applicable withholdings and deductions.

  

	2.	Vacation and Sick Leave Benefits. 

 Company-paid vacation and sick
leave will be governed by the Employee Handbook. 
  

	3.	Company Benefits. 

 While employed by the Company, Employee shall be
entitled to receive the benefits of employment as the Company may offer from time to time. Employee agrees that as a condition of Employee’s employment by the Company that Employee will be bound and subject to the terms and conditions of the
Company’s Employee Handbook. The Employee Handbook may be revised from time to time at the sole discretion of the Company with or without prior notice. 
  

	4.	Attention to Duties; Conflict of Interest. 

 While employed by the
Company, Employee shall devote Employee’s full business time, energy and abilities exclusively to the business and interests of Stereotaxis, and shall perform all duties and services in a faithful and diligent manner and to the best of
Employee’s abilities. Employee shall not, without the Company’s prior written consent, render to others, services of any kind for compensation, or engage in any other business activity that would materially interfere with the performance
of Employee’s duties under this Agreement. Employee represents that Employee has no other outstanding commitments inconsistent with any of the terms of this Agreement or the services to be rendered to Stereotaxis. While employed by the Company,
Employee shall not, directly or indirectly, whether as a partner, employee, creditor, shareholder, or otherwise, promote, participate or engage in any activity or other business competitive with the Company’s business. Employee shall not invest
in any company or business, which competes in any manner with the Company, except that Employee may invest in companies whose securities are listed on the national securities exchanges, provided such investment amounts to less than one (1) per
cent of the outstanding equity of the company. 
  

	5.	Proprietary Information and Non-competition. 

 Employee agrees to be
bound by the terms of the Confidentiality and Noncompete Agreement attached as Exhibit A and incorporated by this reference (“Confidentiality and Noncompete Agreement”), and by the rules of confidentiality and prohibitions against
competition promulgated by Stereotaxis from time to time. 

	6.	At-Will Employer. 

 The Company is an “at-will” employer.
This means that the Company may terminate Employee’s employment at any time, with or without cause, and that Employee may terminate Employee’s employment at any time, with our without cause. Stereotaxis makes no promise that
Employee’s employment will continue for a set period of time, nor is there any promise that it will be terminated only under particular circumstances. No raise or bonus, if any, shall alter Employee’s status as an “at-will”
employee or create any implied contract of employment. Discussion of possible or potential benefits in future years is not an express or implied promise of continued employment. No manager, supervisor or officer of Stereotaxis has the authority to
change Employee’s status as an “at-will” employee. The “at-will” nature of the employment relationship with Employee can only be altered by a written agreement signed by each member of the Board of Directors of Stereotaxis.
No position within Stereotaxis is considered permanent. 
  

	7.	Binding Arbitration. 

 Any dispute, claim or controversy with
respect to Employee’s termination of employment with the Company (whether the termination of employment is voluntary or involuntary), and any dispute, claim or controversy with respect to incidents or events leading to such termination or the
method or manner of such termination, and any question of arbitrability hereunder, shall be settled exclusively by arbitration. 
 Employee and Stereotaxis
each waive their constitutional rights to have such matters determined by a jury. Instead of a jury trial, Stereotaxis and Employee shall choose an arbitrator. Arbitration is preferred because, among other reasons, it is quicker, less expensive and
less formal than litigation in court. The provisions governing arbitration shall be described in detail in Stereotaxis’s Employee Handbook. 
 The
arbitrator shall not have the authority to alter, amend, modify, add to or eliminate any condition or provision of this Agreement, including, but not limited to, the “at-will” nature of the employment relationship. The arbitration shall be
held in St. Louis, Missouri. The award of the arbitrator shall be final and binding on the parties. Judgment upon the arbitrator’s award may be entered in any court, state or federal, having jurisdiction over the parties. If a written request
for arbitration is not made within one (1) year of the date of the alleged wrong or violation, all remedies regarding such alleged wrong or violation shall be waived. 
 Should any court determine that any provision(s) of this Agreement to arbitrate is void or invalid, the parties specifically intend every other provision of this Agreement to arbitrate to remain enforceable and
intact. The parties explicitly and definitely prefer arbitration to recourse to the courts, for the reasons described above, and have prescribed arbitration as their sole and exclusive method of dispute resolution. 
  

	8.	No Inconsistent Obligations. 

 Employee represents that Employee is
not aware of any obligations, legal or otherwise, inconsistent with the terms of this Agreement or Employee’s undertakings under this Agreement. 
  

	9.	Miscellaneous. 

 Stereotaxis may assign this Agreement and
Employee’s employment to an affiliated entity to which the operations it currently manages are transferred. 
 No promises or changes in Employee’s
status as an employee of the Company or any of the terms and conditions of this Agreement can be made unless they are made in writing and approved by the Board of Directors of Stereotaxis. This Agreement and the terms and conditions described in it
cannot be changed orally or by any conduct of either Employee or Stereotaxis or any course of dealings between Employee, or another person and Stereotaxis. 

 Unless otherwise agreed upon in writing by the parties, Employee, after termination of any employment, shall not seek nor
accept employment with the Company in the future and the Company is entitled to reject without cause any application for employment with the Company made by Employee, and not hire Employee. Employee agrees that Employee shall have no cause of action
against the Company arising out of any such rejection. 
 This agreement and performance under it, and any suits or special proceedings brought under it,
shall be construed in accordance with the laws of the United States of America and the State of Missouri and any arbitration, mediation or other proceeding arising hereunder shall be filed and adjudicated in St. Louis, Missouri. 
 If any term or condition, or any part of a term or condition, of this Agreement shall prove to be invalid, void or illegal, it shall in no way affect, impair or
invalidate any of the other terms or conditions of this Agreement, which shall remain in full force and effect. 
 The failure of either party to enforce any
provision of this Agreement shall not be construed as a waiver of or acquiescence in or to such provision. 
 The Parties to this Agreement represent and
acknowledge that in executing this Agreement they do not rely and have not relied upon any representation or statement made by the other party or the other party’s agents, attorneys or representatives regarding the subject matter, basis, or
effect of this Agreement or otherwise, other than those specifically stated in this written Agreement. This Agreement shall be interpreted in accordance with the plain meaning of its terms and not strictly for or against any party. This Agreement
shall be construed as if each party was its author and each party hereby adopts the language of this Agreement as if it were his, her or its own. The captions to this Agreement and its sections, subsections, tables and exhibits are inserted only for
convenience and shall not be construed as part of this Agreement or as a limitation on or broadening of the scope of this Agreement or any section, subsection, table or exhibit. 
 Employee and Stereotaxis have executed this Agreement and agree to enter into and be bound by the provisions hereof as of 25 March 2008. 
 THIS CONTRACT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES. 
  

			
	Stereotaxis, Inc.
		
	By:	 	 /s/ Sarah Kamp

	Name:	 	Sarah Kamp
	Title:	 	Manager, Human Resources

  

			
	Employee
		
	Signature:	 	 /s/ Kevin Shifrin

	Name:	 	Kevin Shifrin

 EXHIBIT A 
 CONFIDENTIALITY AND NONCOMPETE AGREEMENT 
 This Confidentiality and Noncompete Agreement (“Agreement”) is made and entered into this 25th day of March, 2008, by and between Stereotaxis, Inc., a Delaware corporation (“Company”), and Kevin Shifrin,
(“Employee”). 
 WHEREAS, Company is engaged in, among other things, the business of research, development, marketing and selling of medical
devices and equipment. The Company is headquartered and its principal place of business is located in St. Louis, Missouri; 
 WHEREAS, Company has expended a
great deal of time, money and effort to develop and maintain its proprietary Confidential and Trade Secret Information (as defined herein) which provides it with a significant competitive advantage; 
 WHEREAS, the success of Company depends to a substantial extent upon the protection of its Confidential and Trade Secret Information and customer goodwill by all of its
employees; 
 WHEREAS, Employee desires to be employed, or to continue to be employed, by Company to provide managerial, administrative, technical and/or
sales services for Company; to be eligible for opportunities for advancement within Company and/or compensation increases which otherwise would not be available to Employee; and to be given access to Confidential and Trade Secret Information of
Company which is necessary for Employee to perform his or her job, but which Company would not make available to Employee but for Employee’s signing and agreeing to abide by the terms of this Agreement as a condition of Employee’s
employment and continued employment with Company. Employee recognizes and acknowledges that Employee’s position with Company has provided and/or will continue to provide Employee with access to Company’s Confidential and Trade Secret
Information; 
 WHEREAS, Company compensates its employees to, among other things, develop and preserve goodwill with its customers on Company’s behalf
and business information for Company’s ownership and use; 
 WHEREAS, If Employee were to leave Company, Company, in all fairness, would need certain
protections in order to prevent competitors of Company from gaining an unfair competitive advantage over Company and/or diverting goodwill from Company, and to prevent misuse or misappropriation by Employee of the Confidential and Trade Secret
Information; 
 WHEREAS, Company desires to obtain the benefit of the services of Employee and Employee is willing to render such services on the terms and
conditions hereinafter set forth; 
 NOW, THEREFORE, in consideration of the compensation and other benefits of Employee’s employment by Company and the
recitals, mutual covenants and agreements hereinafter set forth, Employee and Company agrees as follows: 
  

	1.	Employment Services. 

  

	 	1.1	Employee agrees that throughout Employee’s employment with Company, Employee will (i) faithfully render such services as may be delegated to Employee by Company,
(ii) devote Employee’s entire business time, good faith, best efforts, ability, skill and attention to Company’s business, and (iii) follow and act in accordance with all of Company’s rules, policies and procedures of
Company, including, but not limited to, working hours, sales and promotion policies and specific Company rules. 

	 	1.2	“Company” means Stereotaxis, Inc. or one of its subsidiaries; whichever is Employee’s employer. The “Subsidiary” means any corporation, joint venture or
other business organization in which Stereotaxis, Inc. now or hereafter, directly or indirectly, owns or controls more than fifty percent (50%) interest. 

  

	2.	Confidential and Trade Secret Information. 

  

	 	2.1	Employee agrees to keep secret and confidential, and not to use or disclose to any third parties, except as directly required for Employee to perform Employee’s employment
responsibilities for Company, any of Company’s proprietary Confidential and Trade Secret Information. 

  

	 	2.2	“Confidential and Trade Secret Information” includes any information pertaining to Company’s business which is not generally known in the medical devices and medical
equipment industry, such as, but not limited to, trade secrets, know-how, processes, designs, products, documentation, quality control and assurance inspection and test data, production schedules, research and development plans and activities,
equipment modifications, product formulae and production and recycling records, standard operating procedure and validation records, drawings, apparatus, tools, techniques, software and computer programs and derivative works, inventions (whether
patentable or not), improvements, copyrightable material, business and marketing plans, projections, sales data and reports, confidential evaluations, the confidential use, nonuse and compilation by the Company of technical or business information
in the public domain, margins, customers, customer requirements, costs, profitability, sales and marketing strategies, pricing policies, operational methods, strategic plans, training materials, internal financial information, operating and
financial data and projections, distribution or sales methods, prices charged by or to Company, inventory lists, sources of supplies, supply lists, lists of current or past employees, mailing lists and information concerning relationships between
Company and its employees or customers. 

  

	 	2.3	During Employee’s employment, Employee will not copy, reproduce or otherwise duplicate, record, abstract, summarize or otherwise use, any papers, records, reports, studies,
computer printouts, equipment, tools or other property owned by the Company, except as expressly permitted or required for the proper performance of his or her duties on behalf of the Company. 

  

	3.	Post-Termination Restrictions. 

 Employee recognizes that
(i) Company has spent substantial money, time and effort over the years in and in developing its Confidential and Trade Secret Information; (ii) Company pays its employees to, among other things, develop and preserve business information,
customer goodwill, customer loyalty and customer contacts for and on behalf of Company; and (iii) Company is hereby agreeing to employ and pay Employee based upon Employee’s assurances and promises contained herein not to put himself or
herself in a position following Employee’s employment with Company in which the confidentiality of Company’s information might somehow be compromised. Accordingly, Employee agrees that during Employee’s employment with Company, and
for a period of two years thereafter, regardless of how Employee’s termination occurs and regardless of whether it is with or without cause, Employee will not, directly or indirectly (whether as owner, partner, consultant, employee or
otherwise): 
  

	 	3.1	 engage in, assist or have an interest in, enter the employment of, or act as an agent, advisor or consultant for, any person or entity which is engaged, or will be
engaged, in the development, manufacture, supplying or sale of a product, process, apparatus, service or development which is competitive with a product, process, apparatus, service or development on which Employee worked or with respect to which
Employee has or had access to Confidential or Trade Secret Information 

	 	 
while at Company (“Competitive Work”), and which Employee seeks to serve in any market which was being served by Employee at the time of
Employee’s termination or was served at any time during Employee’s last six (6) months of employment by Company. 

	 	

  

	 	3.2	solicit, call on or in any manner cause or attempt to cause, or provide any Competitive Work to any customer or active prospective customer of the Company with whom Employee dealt,
or on whose account he or she worked for which Employee was responsible, or with respect to which Employee was provided or had access to Confidential and Trade Secret Information to divert, terminate, limit, modify or fail to enter into any existing
or potential relationship with Company; and 

  

	 	3.3	induce or attempt to induce any Employee, consultant or advisor of Company to accept employment or an affiliation involving Competitive Work. 

  

	4.	Acknowledgment Regarding Restrictions. 

 Employee recognizes and
agrees that the restraints contained in Section 3 are reasonable and enforceable in view of Company’s legitimate interests in protecting its Confidential and Trade Secret Information and customer goodwill. Employee understands that the
post-employment restrictions contained herein will preclude, for a time, Employee’s employment with competitors of Company in the medical device and medical equipment industry. Employee understands that the restrictions of Section 3 are
not limited geographically in view of Company’s nationwide operations and the Confidential and Trade Secret Information and customers to which Employee had access. 
  

	5.	Inventions. 

  

	 	5.1	Any and all ideas, inventions, discoveries, patents, patent applications, continuation-in-part patent applications, divisional patent applications, technology, copyrights,
derivative works, trademarks, service marks, improvements, trade secrets and the like, which are developed, conceived, created, discovered, learned, produced and/or otherwise generated by Employee, whether individually or otherwise, during the time
that Employee is employed by Company, whether or not during working hours, that relate to (i) current and anticipated businesses and/or activities of Company, (ii) Company’s current and anticipated research or development, or
(iii) any work performed by Employee for Company, shall be the sole and exclusive property of Company, and Company shall own any and all right, title and interest to such. Employee assigns and agrees to assign to Company any and all right,
title and interest in and to any such ideas, inventions, discoveries, patents, patent applications, continuation-in-part patent applications, divisional patent applications, technology, copyrights, derivative works, trademarks, service marks,
improvements, trade secrets and the like, whenever requested to do so by Company, at Company’s expense, and Employee agrees to execute any and all applications, assignments or other instruments which Company deems desirable or necessary to
protect such interests. 

  

	 	5.2	Paragraph 5.1 shall not apply to any invention for which no equipment, supplies, facilities or Confidential and Trade Secret Information of Company was used and which was developed
entirely on Employee’s own time, unless (i) the invention relates to Company’s business or to Company’s actual or demonstrably-anticipated research or development, or (ii) the invention results from any work performed by
Employee for Company. 

	6.	Company Property. 

 Employee acknowledges that any and all notes,
records, sketches, computer diskettes, training materials and other documents relating to the Company obtained by or provided to Employee, or otherwise made, produced or compiled during the course of Employee’s employment with Company
regardless of the type of medium in which they are preserved, are the sole and exclusive property of Company and shall be surrendered to Company upon Employee’s termination of employment and on demand at any time by Company. 
  

	7.	Non-Waiver of Rights. 

 Company’s failure to enforce at any
time any of the provisions of this Agreement or to require at any time performance by Employee of any of the provisions hereof shall in no way be construed to be a waiver of such provisions or to affect either the validity of this Agreement, or any
part hereof, or the right of Company thereafter to enforce each and every provision in accordance with the terms of this Agreement. 
  

	8.	Company’s Right to Injunctive Relief. 

 In the event of a
breach or threatened breach of any of Employee’s duties and obligations under the terms and provisions of Sections 2, 3, 5, or 6 hereof, Company shall be entitled, in addition to any other legal or equitable remedies it may have in connection
therewith (including any right to damages that may suffer), to temporary, preliminary and permanent injunctive relief restraining such breach or threatened breach. Employee hereby expressly acknowledges that the harm which might result to
Company’s business as a result of any noncompliance by Employee with any of the provisions of Sections 2, 3 or 5 would be largely irreparable. Employee specifically agrees that if there is a question as to the enforceability of any of the
provisions of Sections 2, 3 or 5 hereof, Employee will not engage in any conduct inconsistent with or contrary to such Sections until after the question has been resolved by a final judgement of a court of competent jurisdiction. 
  

	9.	Invalidity of Provisions. 

 If any provision of this Agreement is
adjudicated to be invalid or unenforceable under applicable law in any jurisdiction, the validity or enforceability of the remaining provisions thereof shall be unaffected as to such jurisdiction and such adjudication shall not affect the validity
or enforceability of such provisions in any other jurisdiction. To the extent that any provision of this Agreement is adjudicated to be invalid or unenforceable because it is overbroad, that provision shall not be void, but rather shall be limited
only to the extent required by applicable law and enforced as to limited. The parties expressly acknowledge and agree that this Section is reasonable in view of the parties’ respective interests. 
  

	10.	Employee Representations. 

 Employee represents that the execution
and delivery of the Agreement and Employee’s employment with Company do not violate any previous employment agreement or other contractual obligation of Employee. 
  

	11.	Company’s Right to Recover Costs and Fees. 

 Employee agrees
that if Employee breaches or threatens to breach this Agreement, Employee shall be liable for any attorneys’ fees and costs incurred by the Company in enforcing its rights under this Agreement in the event that a court determines that Employee
has breached this Agreement or if the Company obtains injunctive relief against the Employee and is successful on the merits of its claim against employee. 

	12.	Employment at Will. 

 Employee acknowledges that employee is, and at
all times will be, an employee-at-will of Company and nothing contained herein shall be construed to alter or affect such employee-at-will status. 
  

	13.	Exit Interview. 

 To ensure a clear understanding of this Agreement,
Employee agrees, at the time of termination of Employee’s employment, to engage in an exit interview with Company at a time and place designated by Company and at Company’s expense. Employee understands and agrees that during said exit
interview, Employee may be required to confirm that Employee will comply with Employee’s obligations under Sections 2, 3 and 5 of this Agreement. Company may elect, at its option, to conduct the exit interview by telephone. 
  

	14.	Amendments. 

 No modification, amendment or waiver of any of the
provisions of this Agreement shall be effective unless in writing specifically referring hereto, and signed by the parties hereto. This Agreement supersedes all prior agreements and understandings between Employee and Company to the extent that any
such agreements or understandings conflict with the terms of this Agreement. 
  

	15.	Assignments. 

 This Agreement shall be freely assignable by Company
to, and shall inure to the benefit of, and be binding upon, Company, its successors and assigns and/or any other entity which shall succeed to the business presently being conducted by Company. Being a contract for personal services, neither this
Agreement nor any rights hereunder shall be assigned by Employee. 
  

	16.	Choice of Forum and Governing Law. 

 In light of Company’s
substantial contacts with the State of Missouri, the parties’ interests in ensuring that disputes regarding the interpretation, validity and enforceability of this Agreement are resolved on a uniform basis, and Company’s execution of, and
the making of this Agreement in Missouri, the parties agree that: (i) any litigation involving any noncompliance with or breach of the Agreement, or regarding the interpretation, validity and/or enforceability of the Agreement, shall be filed
and conducted exclusively in the state or federal courts in St. Louis County, Missouri; and (ii) the Agreement shall be interpreted in accordance with and governed by the laws of the State of Missouri, with regard for any conflict of law
principles. 
  

	17.	Headings. 

 Section headings are provided in this Agreement for
convenience only and shall not be deemed to substantively alter the content of such sections. 
 PLEASE NOTE: BY SIGNING THIS AGREEMENT, EMPLOYEE IS
HEREBY CERTIFYING THAT EMPLOYEE (A) HAS RECEIVED A COPY OF THIS AGREEMENT FOR REVIEW AND STUDY BEFORE EXECUTING IT; (B) HAS READ THIS AGREEMENT CAREFULLY BEFORE SIGNING IT; (C) HAS HAD SUFFICIENT OPPORTUNITY BEFORE SIGNING THE
AGREEMENT TO ASK ANY QUESTIONS EMPLOYEE HAS ABOUT THE AGREEMENT AND HAS RECEIVED SATISFACTORY ANSWERS TO ALL SUCH QUESTIONS; AND (D) UNDERSTANDS EMPLOYEE’S RIGHTS AND OBLIGATIONS UNDER THE AGREEMENT. 
 IN WITNESS WHEREOF, the parties hereof have caused this Agreement to be executed as of the day and year first above written. 
  

					
	Employee	 		 	Stereotaxis, Inc.
			
	 /s/ Kevin Shifrin
	 		 	 /s/ Sarah Kamp

	Kevin Shifrin	 		 	Sarah Kamp, Human ResourcesForm of 2008 Performance-Based Profits Interest Units Agreement

 Exhibit 10.3 
 FORM OF 
 2008 PERFORMANCE-BASED 
 PROFITS INTEREST UNITS AGREEMENT 
 THIS 2008 PERFORMANCE-BASED PROFITS INTEREST
UNITS AGREEMENT (this “Agreement”) is made and entered into as of             , 2008 (the “Effective Date”), by and between Digital Realty Trust,
Inc., a Maryland corporation (the “Company”), Digital Realty Trust, L.P., a Maryland limited partnership (the “Partnership”), DLR, LLC, a Maryland limited liability company (the “Employment
Company”) and             (“Grantee”). 
 WHEREAS, the Company and the Partnership maintain the Digital Realty Trust, Inc., Digital Services, Inc. and Digital Realty Trust, L.P. First Amended and Restated 2004 Incentive Award Plan (the “Plan”); 
 WHEREAS, the Company and the Partnership wish to carry out the Plan (the terms of which are hereby incorporated by reference and made a part of this
Agreement); 
 WHEREAS, Section 8.7 of the Plan provides for the issuance of Profits Interest Units to Eligible Individuals for the
performance of services to or for the benefit of the Partnership in the Eligible Individual’s capacity as a partner of the Partnership; 
 WHEREAS, the Committee, appointed to administer the Plan, has determined that it would be to the advantage and in the best interest of the Company and its stockholders to issue to the Grantee the Profits Interest Units provided for herein
(the “Award”) as an inducement to enter into or remain in the service of the Company, the Partnership, the Services Company, the Employment Company or any Subsidiary, and as an additional incentive during such service, and has
advised the Company thereof; and 
 WHEREAS, certain capitalized terms used herein are defined in Section 16 below. 
 NOW, THEREFORE, in consideration of the mutual covenants herein contained and for other good and valuable consideration, receipt of which is hereby
acknowledged, the parties hereto do hereby agree as follows: 
 1. Issuance of Award. In consideration of Grantee’s agreement to
provide services to or for the benefit of the Partnership, effective as of the Effective Date, the Partnership hereby (a) grants to Grantee an Award which represents
             Profits Interest Units of the Partnership (the “Award Units”), and (b) if not already a Partner, admits Grantee as a Partner of the Partnership, on
the terms and conditions set forth herein, in the Plan and in the Partnership Agreement. The Partnership and Grantee acknowledge and agree that the Award Units are hereby issued to the Grantee for the performance of services to or for the benefit of
the Partnership in his or her capacity as a partner of the Partnership. Upon receipt of the Award, Grantee shall, automatically and without further action on his or her part, be deemed to be a party to, signatory of and bound by the Partnership
Agreement. At the request of the Partnership, Grantee shall execute the Partnership Agreement or a counterpart signature page thereto. Grantee acknowledges that the Partnership from time to time may issue or cancel (or otherwise modify) Profits
Interest Units in accordance with the terms of the Partnership Agreement. 

 2. Vesting. 
 2.1 General Vesting. Subject to Grantee’s continued status as a Service Provider on each such date and to Section 2.2
below, the Award shall vest according to the following vesting schedule: 
 (a) In the event that the Measurement Date occurs
prior to the first anniversary of the Effective Date and, as of the Measurement Date, some or all of the Award Units constitute Performance Condition Units: 
 (i) Twenty Percent (20%) of the total number of Performance Condition Units shall vest on a date selected by the Committee occurring
not more than thirty (30) days after the date that is the first anniversary of the Effective Date; 
 (ii) Twenty
percent (20%) of the total number of Performance Condition Units shall vest on the second anniversary of the Effective Date; 
 (iii) Thirty percent (30%) of the total number of Performance Condition Units shall vest on the third anniversary of the Effective Date; and 
 (iv) Thirty percent (30%) of the total number of Performance Condition Units shall vest on the fourth anniversary of the Effective Date, such that all Performance Condition Units shall have vested on such date
(if they have not previously vested, forfeited or terminated). 
 (b) In the event that the Measurement Date occurs on or
after the first anniversary of the Effective Date and, as of the Measurement Date, some or all of the Award Units constitute Performance Condition Units: 
 (i) Twenty Percent (20%) of the total number of Performance Condition Units shall vest on a date selected by the Committee occurring not more than thirty (30) days after the Measurement Date; 
 (ii) Twenty percent (20%) of the total number of Performance Condition Units shall vest on the second anniversary of the Effective
Date; 
 (iii) Thirty percent (30%) of the total number of Performance Condition Units shall vest on the third
anniversary of the Effective Date; and 
 (iv) Thirty percent (30%) of the total number of Performance Condition Units
shall vest on the fourth anniversary of the Effective Date, such that all Performance Condition Units shall have vested on such date (to the extent not previously vested, forfeited or terminated). 

 2.2 Change in Control. Notwithstanding anything to the contrary contained in
Section 2.1 above, subject to the Grantee remaining a Service Provider until the Change in Control Date (and regardless of whether the Grantee is terminated immediately prior to the Change in Control in connection therewith), in the event that
a Change in Control occurs: 
 (a) prior to the Measurement Date, one hundred percent (100%) of the outstanding Award
Units shall vest immediately prior to the Change in Control; and 
 (b) after the Measurement Date, one hundred percent
(100%) of the outstanding Performance Condition Units that have not previously vested pursuant to Section 2.1 shall vest immediately prior to the Change in Control. 
 Notwithstanding anything contained herein to the contrary, the provisions in this Agreement regarding a Change in Control shall only apply
to the first Change in Control of the Company, and shall not apply to any Change in Control of the Company that occurs subsequent to the first Change in Control. 
 2.3 Death and Disability. In the event that Grantee ceases to be a Service Provider by reason of Grantee’s death or
Disability, as the case may be, prior to the Measurement Date, all outstanding Award Units that ultimately are determined to be Performance Condition Units by the Committee, if any, shall vest on the date determined under Section 2.1(a)(i) or
2.1(b)(i), as applicable (the applicable date, the “First Vest Date”), regardless of the fact that Grantee ceased to be a Service Provider as a result of Grantee’s death or Disability, as the case may be; provided that if the
Committee has not established the First Vest Date as a date prior to March 15, 2009, all Award Units shall vest on March 15, 2009. In the event that Grantee ceases to be a Service Provider by reason of Grantee’s death or Disability,
as the case may be, after the Measurement Date, all outstanding Performance Condition Units shall immediately vest. 
 3. Restrictions on
Transfer. 
 3.1 Without the consent of the Partnership (which it may give or withhold in its sole discretion), Grantee
shall not sell, pledge, assign, hypothecate, transfer, or otherwise dispose of (collectively, “Transfer”) any Unvested Units or any portion of the Award attributable to such Unvested Units (or any securities into which the Unvested
Units are converted or exchanged), other than by will or pursuant to the laws of descent and distribution (the “Transfer Restrictions”); provided, however, that the Transfer Restrictions shall not apply to any Transfer of
Unvested Units or the Award to the Partnership or the Company. 
 3.2 The Award and the Award Units are subject to the terms
of the Plan and the terms of the Partnership Agreement, including, without limitation, the restrictions on transfer of Units (including Award Units) set forth in Article 11 of the Partnership Agreement. Any permitted transferee of the Award or Award
Units shall take such Award or Award Units subject to the terms of the Plan, this Agreement, and the Partnership Agreement. Any such permitted transferee must, upon the request of the Partnership, agree to be bound by the Plan, the Partnership
Agreement, and this Agreement, and shall execute the same on request, and must agree to such other waivers, limitations, and restrictions as the Partnership or the Company may reasonably require. Any Transfer of the Award or Award Units which is not
made in compliance with the Plan, the Partnership Agreement and this Agreement shall be null and void and of no effect. 

 4. Cancellation and Forfeiture of Unvested Units. 
 4.1 Termination of Service. Subject to Sections 2.2 and 2.3 above, in the event that the Grantee ceases to be a Service Provider
for any reason, all Unvested Units as of the date of termination (and the proportionate amount of the Grantee’s Capital Account balance attributable to the Unvested Units) shall thereupon automatically and without further action be cancelled
and forfeited by the Grantee, and the Grantee shall have no further right or interest in or with respect to such Unvested Units (or such proportionate amount of the Grantee’s Capital Account balance) or the portion of the Award attributable
thereto. 
 4.2 Failure to Satisfy Performance Condition. Provided no Change in Control has occurred prior to the
Measurement Date, to the extent all or any portion of the Award Units fail to be Performance Condition Units as of the Measurement Date, such Award Units (and the proportionate amount of the Grantee’s Capital Account balance attributable to the
Award Units) shall thereupon automatically and without further action be cancelled and forfeited by the Grantee, and the Grantee shall have no further right or interest in or with respect to such Award Units (or such proportionate amount of the
Grantee’s Capital Account balance) or the portion of the Award attributable to such Award Units. 
 4.3 Execution and
Return of Documents and Certificates. At the Company’s or the Partnership’s request, Grantee hereby agrees to promptly execute, deliver and return to the Partnership any and all documents or certificates that the Company or the
Partnership deems necessary or desirable to effectuate the cancellation and forfeiture of the Unvested Units, the proportionate amount of the Grantee’s Capital Account balance attributable to the Award Units and the portion of the Award
attributable to the Unvested Units, or to effectuate the transfer or surrender such Unvested Units, Capital Account balance and portion of the Award to the Partnership. 
 5. Determinations by Committee. Notwithstanding anything contained herein, all determinations, interpretations and assumptions relating to the Award (including, without limitation, determinations,
interpretations and assumptions with respect to calculation of the Actual Performance Amount and the number of Performance Condition Units) shall be made by the Committee and shall be applied consistently and uniformly to all similar Awards related
to the same performance period granted under the Plan (including, without limitation, similar awards which provide for payment in the form of cash or shares of Stock or Restricted Stock). In making such determinations, the Committee may employ
attorneys, consultants, accountants, appraisers, brokers, or other persons, and the Committee, the Board, the Company, the Partnership and their officers and directors shall be entitled to rely upon the advice, opinions or valuations of any such
persons. All actions taken and all interpretations and determinations made by the Committee or the Board in good faith and absent manifest error shall be final and binding upon the Grantee, the Company and all other interested persons. 

6. Representations, Warranties, Covenants, and Acknowledgments of Grantee. Grantee hereby represents, warrants, covenants, acknowledges and
agrees on behalf of Grantee and his or her spouse, if applicable, that: 
 6.1 Investment. Grantee is holding the Award
and the Award Units for Grantee’s own account, and not for the account of any other Person. Grantee is holding the Award and the Award Units for investment and not with a view to distribution or resale thereof except in compliance with
applicable laws regulating securities. 

 6.2 Relation to Partnership. Grantee is presently an employee of, or consultant
to, the Partnership, or is otherwise providing services to or for the benefit of the Partnership, and in such capacity has become personally familiar with the business of the Partnership. 
 6.3 Access to Information. Grantee has had the opportunity to ask questions of, and to receive answers from, the Partnership with
respect to the terms and conditions of the transactions contemplated hereby and with respect to the business, affairs, financial conditions, and results of operations of the Partnership. 
 6.4 Registration. Grantee understands that the Award Units have not been registered under the Securities Act of 1933, as amended
(the “Securities Act”), and the Award Units cannot be transferred by Grantee unless such transfer is registered under the Securities Act or an exemption from such registration is available. The Partnership has made no agreements,
covenants or undertakings whatsoever to register the transfer of the Award Units under the Securities Act. The Partnership has made no representations, warranties, or covenants whatsoever as to whether any exemption from the Securities Act,
including, without limitation, any exemption for limited sales in routine brokers’ transactions pursuant to Rule 144 of the Securities Act, will be available. If an exemption under Rule 144 is available at all, it will not be available until at
least one (1) year from issuance of the Award and then not unless (a) a public trading market then exists in Award Units (or a successor security thereto); (b) adequate information as to the Partnership’s financial and other
affairs and operations is then available to the public, and (c) all other terms and conditions of Rule 144 have been satisfied. 
 6.5 Public Trading. None of the Partnership’s securities is presently publicly traded, and the Partnership has made no representations, covenants or agreements as to whether there will be a public market for any of its
securities. 
 6.6 Tax Advice. The Partnership has made no warranties or representations to Grantee with respect to the
income tax consequences of the issuance of the Award Units or the transactions contemplated by this Agreement (including, without limitation, with respect to the making of an election under Section 83(b) of the Code), and Grantee is in no
manner relying on the Partnership or its representatives for an assessment of such tax consequences. Grantee is advised to consult with his or her own tax advisor with respect to such tax consequences and his or her ownership of the Award Units.

 7. Capital Account. Grantee shall make no contribution of capital to the Partnership in connection with the Award and, as a result,
Grantee’s Capital Account balance in the Partnership immediately after its receipt of the Award Units shall be equal to zero, unless the Grantee was a Partner in the Partnership prior to such issuance, in which case the Grantee’s Capital
Account balance shall not be increased as a result of its receipt of the Award Units. 
 8. Section 83(b) Election. Grantee
covenants that he shall make a timely election under Section 83(b) of the Code (and any comparable election in the state of Grantee’s residence) with respect to the Award Units covered by the Award, and the Partnership hereby consents to
the making of such election(s). In connection with such election, Grantee and Grantee’s spouse, if applicable, shall promptly provide a copy of such election to the Partnership. Grantee represents 

 
that Grantee has consulted any tax consultant(s) that Grantee deems advisable in connection with the filing of an election under Section 83(b) of the
Code and similar state tax provisions. Grantee acknowledges that it is Grantee’s sole responsibility and not the Company’s to timely file an election under Section 83(b) of the Code (and any comparable state election), even if Grantee
requests that the Company or any representative of the Company make such filing on Grantee’s behalf. Grantee should consult his or her tax advisor to determine if there is a comparable election to file in the state of his or her residence.

 9. Ownership Information. Grantee hereby covenants that so long as Grantee holds any Award Units, at the request of the
Partnership, Grantee shall disclose to the Partnership in writing such information relating to Grantee’s ownership of the Award Units as the Partnership reasonably believes to be necessary or desirable to ascertain in order to comply with the
Code or the requirements of any other appropriate taxing authority. 
 10. Taxes. The Partnership and the Grantee intend that
(i) the Award Units be treated as a “profits interest” as defined in Internal Revenue Service Revenue Procedure 93-27, as clarified by Revenue Procedure 2001-43, (ii) the issuance of such units not be a taxable event to the
Partnership or the Grantee as provided in such revenue procedure, and (iii) the Partnership Agreement, the Plan and this Agreement be interpreted consistently with such intent. In furtherance of such intent, effective immediately prior to the
issuance of the Award Units, the Partnership will cause the “Gross Asset Value” (as defined in the Partnership Agreement) of all Partnership assets to be adjusted to equal their respective gross fair market values, and make the resulting
adjustments to the “Capital Accounts” (as defined in the Partnership Agreement) of the partners, in each case as set forth in the Partnership Agreement and based upon a “Fair Market Value” (as defined in the Partnership
Agreement) equal to the trading price on the New York Stock Exchange of the common stock of the Company at the time of such adjustment. The Company or the Partnership may withhold from Grantee’s wages, or require Grantee to pay to the
Partnership, any applicable withholding or employment taxes resulting from the issuance of the Award hereunder, from the vesting or lapse of any restrictions imposed on the Award, from the ownership or disposition of the Award Units. 
 11. Remedies. Grantee shall be liable to the Partnership for all costs and damages, including incidental and consequential damages, resulting from
a disposition of the Award or the Award Units which is in violation of the provisions of this Agreement. Without limiting the generality of the foregoing, Grantee agrees that the Partnership shall be entitled to obtain specific performance of the
obligations of Grantee under this Agreement and immediate injunctive relief in the event any action or proceeding is brought in equity to enforce the same. Grantee will not urge as a defense that there is an adequate remedy at law. 
 12. Unit Certificate Restrictive Legends. Certificates evidencing the Award, to the extent such certificates are issued, may bear such restrictive
legends as the Partnership and/or the Partnership’s counsel may deem necessary or advisable under applicable law or pursuant to this Agreement, including, without limitation, the following legends: 
 “The offering and sale of the securities represented hereby have not been registered under the Securities Act of 1933, as amended
(the “Securities Act”). Any transfer of such securities will be invalid unless a Registration Statement under the Securities Act is in effect as to such transfer or in the opinion of counsel for the Partnership such registration is
unnecessary in order for such transfer to comply with the Securities Act.” 

 “The securities represented hereby are subject to forfeiture, transferability and
other restrictions as set forth in (i) a written agreement with the Partnership, (ii) the First Amended and Restated Digital Realty Trust, Inc., Digital Services, Inc. and Digital Realty Trust, L.P. 2004 Incentive Award Plan and
(iii) the Seventh Amended and Restated Agreement of Limited Partnership of Digital Realty Trust, L.P., dated as of February 6, 2005, in each case, as may be amended from time to time, and such securities may not be sold or otherwise
transferred except pursuant to the provisions of such documents.” 
 13. Restrictions on Public Sale by Grantee. To the extent
not inconsistent with applicable law, the Grantee agrees not to effect any sale or distribution of the Award Units or any similar security of the Company or the Partnership, or any securities convertible into or exchangeable or exercisable for such
securities, including a sale pursuant to Rule 144 under the Securities Act, during the 14 days prior to, and during the 90-day period beginning on, the date of the pricing of any public or private debt or equity securities offering by the Company or
the Partnership (except as part of such offering), if and to the extent requested in writing by the Partnership or the Company in the case of a non-underwritten public or private offering or if and to the extent requested in writing by the managing
underwriter or underwriters (or initial purchaser or initial purchasers, as the case may be) and consented to by the Partnership or the Company, which consent may be given or withheld in the Partnership’s or the Company’s sole and absolute
discretion, in the case of an underwritten public or private offering (such agreement to be in the form of lock-up agreement provided by the Company, Partnership, managing underwriter or underwriters, as the case may be). 
 14. Conformity to Securities Laws. Grantee acknowledges that the Plan and this Agreement are intended to conform to the extent necessary with all
provisions of all applicable federal and state laws, rules and regulations (including, but not limited to the Securities Act and the Exchange Act and any and all regulations and rules promulgated by the Securities and Exchange Commission thereunder,
including without limitation the applicable exemptive conditions of Rule 16b-3 of the Exchange Act) and to such approvals by any listing, regulatory or other governmental authority as may, in the opinion of counsel for the Partnership or the
Company, be necessary or advisable in connection therewith. Notwithstanding anything herein to the contrary, the Plan shall be administered, and the Award of Award Units is made, only in such a manner as to conform to such laws, rules and
regulations. To the extent permitted by applicable law, the Plan, this Agreement and the Award shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 
 15. Code Section 409A. To the extent applicable, this Agreement shall be interpreted in accordance with Section 409A of the Code and
Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the effective date of this Agreement. Notwithstanding any provision of
this Agreement to the contrary, in the event that following the effective date of this Agreement, the Company or the Partnership determines that the Award may be subject to Section 409A of the Code and related Department of Treasury guidance
(including such 

 
Department of Treasury guidance as may be issued after the effective date of this Agreement), the Company or the Partnership may adopt such amendments to
this Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Company or the Partnership determines are necessary or appropriate to (a) exempt
the Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related Department of Treasury
guidance. 
 16. Miscellaneous. 
 16.1 Successors and Assigns. Subject to the limitations set forth in this Agreement, this Agreement shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal
representatives, successors and assigns of the parties hereto, including, without limitation, any business entity that succeeds to the business of the Partnership. 
 16.2 Entire Agreement; Amendments and Waivers. This Agreement, together with the Plan and the Partnership Agreement, constitutes
the entire agreement among the parties pertaining to the subject matter hereof and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties. Without limiting the generality of the
foregoing, this Agreement supersedes the provisions of any employment agreement, employment offer letter or similar agreement between the Grantee and the Company and/or the Partnership that would otherwise accelerate the vesting of the Award and the
Award Units, and any provision in such agreement or letter which would otherwise accelerate such vesting shall have no force or effect with respect to the Award or the Award Units. In the event that the provisions of such other agreement or letter
conflict or are inconsistent with the provisions of this Agreement, the provisions of this Agreement shall control. Except as set forth in Section 15 above, this Agreement may not be amended except in an instrument in writing signed on behalf
of each of the parties hereto and approved by the Committee. No amendment, supplement, modification or waiver of this Agreement shall be binding unless executed in writing by the party to be bound thereby. No waiver of any of the provisions of this
Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar), nor shall such waiver constitute a continuing waiver unless otherwise expressly provided. 
 16.3 Survival of Representations and Warranties. The representations, warranties and covenants contained in Section 6 hereof
shall survive the later of the date of execution and delivery of this Agreement or the issuance of the Award. 
 16.4
Severability. If for any reason one or more of the provisions contained in this Agreement or in any other instrument referred to herein, shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, then to the
maximum extent permitted by law, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or any other such instrument. 
 16.5 Titles. The titles, captions or headings of the Sections herein are inserted for convenience of reference only and are not
intended to be a part of or to affect the meaning or interpretation of this Agreement. 

 16.6 Counterparts. This Agreement may be executed in any number of counterparts,
any of which may be executed and transmitted by facsimile, and each of which shall be deemed to be an original, but all of which together shall be deemed to be one and the same instrument. 
 16.7 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California
applicable to contracts entered into and wholly to be performed within the State of California by California residents, without regard to any otherwise governing principles of conflicts of law. 
 16.8 Notices. Any notice to be given by the Grantee under the terms of this Agreement shall be addressed to the General Counsel of
the Company at the Company’s offices located at 560 Mission Street, Suite 2900, San Francisco, California, 94105. Any notice to be given to the Grantee shall be addressed to him or her at the Grantee’s then current address on the books and
records of the Company. By a notice given pursuant to this Section 16.8, either party may hereafter designate a different address for notices to be given to him. Any notice which is required to be given to the Grantee shall, if Grantee is then
deceased, be given to the Grantee’s personal representative if such representative has previously informed the Company of his or her status and address by written notice under this Section 16.8 (and the Company and the Employment Company
shall be entitled to rely on any such notice provided to it that it in good faith believes to be true and correct, with no duty of inquiry). Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given
upon personal delivery or upon deposit in the United States mail by certified mail, with postage and fees prepaid, addressed as set forth above or upon confirmation of delivery by a nationally recognized overnight delivery service. 
 16.9 Certain Definitions. As used herein, the following terms shall have the meanings specified below, unless the context clearly
indicates otherwise. All capitalized terms used herein without definition shall have the meanings ascribed to such terms in the Plan and/or the Partnership Agreement, as applicable. 
 (a) “Actual Performance Amount” means the amount of FFO per diluted share and unit reported by the Company for the fiscal
year ended December 31, 2008, with such adjustments as may be made by the Committee, in its reasonable discretion, to account for events that are not indicative of Company performance during such period, which may include events such as the
issuance of new Stock, stock repurchases, stock splits, issuances and/or exercises of stock grants or stock options, non-recurring or unusual accounting items and similar events, all in order to properly reflect the Company’s intent with
respect to the performance objectives underlying the Award or to prevent dilution or enlargement of the benefits or potential benefits intended to be made available with respect to the Award, subject in all cases to the requirements of consistency
and uniformity set forth in the first sentence of Section 5 of this Agreement. The Committee shall determine the Actual Performance Amount at the time (or as soon thereafter as reasonably practical) the Company’s fiscal year 2008 results
are provided to the Committee. Once determined by the Committee, the Annual Performance Amount shall not be changed. 

 (b) “Actual Performance Percentage” means an amount, expressed as a
percentage, equal to the product obtained by multiplying (i) the Performance Constant by (ii) the difference obtained by subtracting the Actual Performance Amount from the Maximum Performance Amount. 
 (c) “Change in Control Date” means the date on which a Change in Control occurs. 
 (d) “Disability” means a disability that qualifies or, had Grantee been a participant, would qualify Grantee to receive
long-term disability payments under the Company’s group long-term disability insurance plan or program, as it may be amended from time to time. 
 (e) “FFO” means Funds From Operations. 
 (f) “Maximum
Percentage” means 125%. 
 (g) “Maximum Performance Goal” means FFO per diluted share and unit of
$2.40. 
 (h) “Measurement Date” means the date the Committee determines the Actual Performance Amount.

 (i) “Minimum Performance Goal” mean FFO per diluted share and unit of $2.30. 
 (j) “Minimum Performance Percentage” means 75%. 
 (k) “Performance Constant” means a quotient obtained by dividing (i) the difference (expressed as a decimal)
obtained by subtracting (a) the Minimum Performance Percentage from (b) the Maximum Performance Percentage by (ii) the difference obtained by subtracting (x) the Minimum Performance Goal from (y) the Maximum Performance
Goal. 
 (l) “Performance Condition Units” means a number of Award Units determined by the Committee as of
the Measurement Date to be Performance Condition Units based on the formula set forth in the following sentence. In the event that the Actual Performance Amount is: 
 (i) equal to or greater than $2.40 per diluted share and unit, all Award Units shall be Performance Condition Units; 
 (ii) less than $2.30 per diluted share and unit, no (i.e., zero) Award Units shall be Performance Condition Units; and 
 (iii) equal to or greater than $2.30, but less than $2.40 per diluted share and unit, a number determined by multiplying (i) the
total number of Award Units by (ii) the quotient obtained by dividing the Performance Percentage by the Maximum Performance Percentage shall be Performance Condition Units. 
 A sample Performance Condition Unit calculation is set forth on Exhibit A hereto for illustrative purposes only. 

 (m) “Performance Percentage” means an amount, expressed as a percentage,
equal to the difference obtained by subtracting the Actual Performance Percentage from the Maximum Performance Percentage. 
 (n) “Service Provider” means an Employee, Consultant or member of the Board. For purposes of this Agreement, a Grantee who is both an Employee and a member of the Board shall not cease to be a Service Provider unless and
until his or her status as both an Employee and Board member has terminated. In addition, unless otherwise determined by the Committee, a Grantee shall not cease to be a Service Provider in the case of a termination of the Grantee’s employment
or directorship where there is established a continuing consulting relationship between the Grantee and the Company, the Partnership, the Services Company or any Subsidiary. 
 (o) “Unit” means a limited partnership unit of the Partnership. 
 (p) “Unvested Unit” means an Award Unit that has not vested pursuant to Section 2 above and therefore continues to
be subject to cancellation and forfeiture pursuant to Section 3 hereof. 
 [SIGNATURE PAGE FOLLOWS] 

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

									
		 		 	DIGITAL REALTY TRUST, INC.,
		 		 	a Maryland corporation
					
		 		 		 	By:	 	
		 		 		 	Name:	 	
		 		 		 	Title:	 	
			
	DLR, LLC.,	 		 	DIGITAL REALTY TRUST, L.P.,
	a Maryland limited liability company	 		 	a Maryland limited partnership
					
	By:	 	 Digital Realty Trust, LP,
 a Maryland limited partnership

	 		 	By:	 	 Digital Realty Trust, Inc.,
 a Maryland
corporation

	Its:	 	Managing Member	 		 	Its:	 	General Partner
	By:	 		 		 	By:	 	
	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	

 Grantee hereby accepts and agrees to be bound by all of the terms and conditions of this
Agreement. 
  

	
	GRANTEE:
	
	  
	(Sign Name)

 Grantee’s spouse indicates by the execution of this Agreement his or her consent to be
bound by the terms herein as to his or her interests, whether as community property or otherwise, if any, in the Award Units. 
  

	
	Grantee’s Spouse:
	
	  
	(Sign Name)
	
	  
	(Print Name)

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