Document:

Amended and Restated Loan and Security Agreement

 Exhibit 10.16 
 AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 
 THIS
AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of the Effective Date between SILICON VALLEY BANK, a California corporation (“Bank”), and JIVE SOFTWARE, INC., a Delaware
corporation, formerly known as CoolServlets Inc. (“Borrower”), provides the terms on which Bank shall lend to Borrower and Borrower shall repay Bank. 

A. Bank and Borrower are parties to that certain Loan and Security Agreement, dated as of August 2, 2007, as amended
by that certain Amendment to Loan and Security Agreement by and between Bank and Borrower dated as of November 15, 2007, and as amended by that certain Amendment to Loan and Security Agreement by and between Bank and Borrower dated as of
January 22, 2008 (collectively, the “Original Agreement”). 
 B. Borrower and Bank desire
in this Agreement to set forth their agreement with respect to a working capital line of credit and term loans and to amend and restate in its entirety without novation the Original Agreement in accordance with the provisions herein. 

C. The Account Control Agreement, Subordination Agreement, UCC financing statements and Consents to Removal of Personal
Property filed, executed or delivered at or about the time of the execution and delivery of the Original Agreement or in relation to the Original Agreement remain in full force and effect among the parties. 

The parties agree as follows: 
  

	 	1	 ACCOUNTING AND OTHER TERMS 

 Accounting terms not defined in this Agreement shall be construed following GAAP. Calculations and determinations must be made following GAAP. Capitalized terms not otherwise defined in this Agreement
shall have the meanings set forth in Section 13. All other terms contained in this Agreement, unless otherwise indicated, shall have the meaning provided by the Code to the extent such terms are defined therein. 

 

	 	2	 LOAN AND TERMS OF PAYMENT 

 2.1 Promise to Pay. Borrower hereby unconditionally promises to pay Bank the outstanding principal amount of all Credit Extensions and accrued and unpaid interest thereon as and when due in
accordance with this Agreement. 
 2.1.1 Revolving Advances. 

(a) Availability. Subject to the terms and conditions of this Agreement, Bank shall make Advances not exceeding
the Availability Amount. Amounts borrowed hereunder may be repaid and, prior to the Revolving Line Maturity Date, reborrowed, subject to the applicable terms and conditions precedent herein. 

(b) Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal
amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. 
 2.1.2 Letters of Credit Sublimit. 
 (a) As part of the
Revolving Line, Bank shall issue or have issued Letters of Credit for Borrower’s account. Such aggregate amounts utilized hereunder shall at all times reduce the amount otherwise available for Advances under the Revolving Line. The aggregate
amount available to be used for the issuance of Letters of Credit may not exceed (i) the lesser of (A) the Revolving Line or the Borrowing Base, minus (ii) the outstanding principal amount of any Advances, any amounts used for Cash
Management Services and the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) and the FX Reserve, or (B) $2,000,000 minus any amounts used for Cash Management
Services, the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) and the FX Reserve. If, on the Revolving Line Maturity Date, there are any outstanding Letters of
Credit, then on such date Borrower shall provide to Bank cash collateral in an amount equal to 105% of the face 

 
amount of all such Letters of Credit plus all interest, fees, and costs due or to become due in connection therewith (as estimated by Bank in its good faith business judgment), to secure all of
the Obligations relating to said Letters of Credit. All Letters of Credit shall be in form and substance acceptable to Bank in its sole discretion and shall be subject to the terms and conditions of Bank’s standard Application and Letter of
Credit Agreement (the “Letter of Credit Application”). Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request. Borrower further agrees to be bound by the
regulations and interpretations of the issuer of any Letters of Credit guarantied by Bank and opened for Borrower’s account or by Bank’s interpretations of any Letter of Credit issued by Bank for Borrower’s account, and Borrower
understands and agrees that Bank shall not be liable for any error, negligence, or mistake, whether of omission or commission, in following Borrower’s instructions or those contained in the Letters of Credit or any modifications, amendments, or
supplements thereto. 
 (b) The obligation of Borrower to immediately reimburse Bank for drawings made under
Letters of Credit shall be absolute, unconditional, and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement, such Letters of Credit, and the Letter of Credit Application. 

(c) Borrower may request that Bank issue a Letter of Credit payable in a Foreign Currency. If a demand for payment is
made under any such Letter of Credit, Bank shall treat such demand as an Advance to Borrower of the equivalent of the amount thereof (plus fees and charges in connection therewith such as wire, cable, SWIFT or similar charges) in Dollars at the
then-prevailing rate of exchange in San Francisco, California, for sales of the Foreign Currency for transfer to the country issuing such Foreign Currency. 
 (d) To guard against fluctuations in currency exchange rates, upon the issuance of any Letter of Credit payable in a Foreign Currency, Bank shall create a reserve (the “Letter of Credit
Reserve”) under the Revolving Line in an amount equal to ten percent (10%) of the face amount of such Letter of Credit. The amount of the Letter of Credit Reserve may be adjusted by Bank from time to time to account for fluctuations in
the exchange rate. The availability of funds under the Revolving Line shall be reduced by the amount of such Letter of Credit Reserve for as long as such Letter of Credit remains outstanding. 

2.1.3 Foreign Exchange Sublimit. As part of the Revolving Line, Borrower may enter into foreign exchange contracts
with Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency (each, a “FX Forward Contract”) on a specified date (the “Settlement Date”). FX Forward Contracts shall
have a Settlement Date of at least one (1) FX Business Day after the contract date and shall be subject to a reserve of ten percent (10%) of each outstanding FX Forward Contract in a maximum aggregate amount equal to Two Million and 00/100
Dollars ($2,000,00.00), minus any amounts used for Cash Management Services and the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) (the “FX
Reserve”). The aggregate amount of FX Forward Contracts at any one time may not exceed ten (10) times the amount of the FX Reserve. The amount otherwise available for Credit Extensions under the Revolving Line shall be reduced by an
amount equal to ten percent (10%) of each outstanding FX Forward Contract (the “FX Reduction Amount”). Any amounts needed to fully reimburse Bank will be treated as Advances under the Revolving Line and will accrue interest at
the interest rate applicable to Advances. 
 2.1.4 Cash Management Services Sublimit. Borrower may use up
to Two Million and 00/100 Dollars ($2,000,000.00) of the Revolving Line, minus the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) and minus the FX Reserve for
Bank’s cash management services which may include merchant services, direct deposit of payroll, business credit card, and check cashing services identified in Bank’s various cash management services agreements (collectively, the
“Cash Management Services”). Any amounts Bank pays on behalf of Borrower for any Cash Management Services will be treated as Advances under the Revolving Line and will accrue interest at the interest rate applicable to Advances.

 2.1.5 Term Loan. 

(a) Availability. Bank has made a term loan to Borrower in the amount of the Term Loan Amount. The outstanding
principal balance of the Term Loan is $1,277,700.00 as of October 14, 2008. 
 (b) Repayment.
Borrower shall repay the Term Loan in (i) thirty-six (36) equal installments of principal, plus (ii) monthly payments of accrued interest (the “Term Loan Payment”). Beginning on the first day of the month following
the month in which the Funding Date occurs, each Term Loan Payment shall be payable 

  
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on the first day of each month. Borrower’s final Term Loan Payment, due on the Term Loan Maturity Date, shall include all outstanding principal and accrued and unpaid interest under the Term
Loan. 
 (c) Prepayment. At Borrower’s option, so long as an Event of Default has not occurred and
is not continuing, Borrower shall have the option to prepay, without penalty, all, or any portion, of the Term Loan Amount advanced by Bank under this Agreement, provided Borrower (a) provides written notice to Bank of its election to
exercise to prepay the Term Loan at least thirty (30) days prior to such prepayment, and (b) pays, on the date of the prepayment (i) all accrued and unpaid interest with respect to the Term Loan through the date the prepayment is
made; (ii) all or any portion of the unpaid principal with respect to the Term Loan; and (iii) all other sums, if any, that shall have become due and payable hereunder with respect to this Agreement. 

2.1.6 Second Term Loan. 
 (a) Availability. Subject to the terms and conditions of this Agreement, during the Draw Period, Bank shall make advances (each, a “Second Term Loan Advance” and, collectively,
“Second Term Loan Advances”) not exceeding the Second Term Loan Amount. Second Term Loan Advances may only be used to finance Eligible Equipment purchased after June 1, 2007 (determined based upon the applicable invoice date of
such Eligible Equipment) and Tenant Improvements. All Eligible Equipment must have been new when purchased by Borrower, except for such Eligible Equipment that is disclosed in writing to Bank by Borrower, and that Bank in its sole discretion has
agreed to finance, prior to being financed by Bank. No Second Term Loan Advance may exceed one hundred percent (100%) of the total invoice for Eligible Equipment (excluding taxes, shipping, warranty charges, freight discounts and installation
expenses relating to such Eligible Equipment except to the extent such are allowed to be financed pursuant hereto as Other Equipment) or the documented cost of any Tenant Improvements. Unless otherwise agreed to by Bank, not more than twenty-five
percent (25%) of the proceeds of the Second Term Loan shall be used to finance Other Equipment. After repayment, no Second Term Loan Advance may be reborrowed. 

(b) Repayment. Borrower shall repay the Second Term Loan Advances as follows: (a) beginning on the first day
of the month following the month in which the Funding Date occurs and continuing on the first day of each month thereafter through the Draw Period, Borrower shall pay interest-only payments, and (b) beginning on November 1, 2009, and
continuing on the first day of each month thereafter until the Second Term Loan Maturity Date, Borrower shall pay (i) thirty-six (36) equal installments of principal, plus (ii) monthly payments of accrued interest (collectively, the
“Second Term Loan Payment”). Borrower’s final Second Term Loan Payment, due on the Second Term Loan Maturity Date, shall include all outstanding principal and accrued and unpaid interest under the Second Term Loan. 

(c) Prepayment. At Borrower’s option, so long as an Event of Default has not occurred and is not continuing,
Borrower shall have the option to prepay, without penalty, all, or any portion, of the Second Term Loan Amount advanced by Bank under this Agreement, provided Borrower (a) provides written notice to Bank of its election to exercise to
prepay the Second Term Loan at least thirty (30) days prior to such prepayment, and (b) pays, on the date of the prepayment (i) all accrued and unpaid interest with respect to the Second Term Loan through the date the prepayment is
made; (ii) all or any portion of the unpaid principal with respect to the Second Term Loan; and (iii) all other sums, if any, that shall have become due and payable hereunder with respect to this Agreement. 

2.2 Overadvances. If, at any time, the sum of (a) the outstanding principal amount of any Advances (including
any amounts used for Cash Management Services), plus (b) the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve), plus (c) the FX Reduction Amount exceeds
the lesser of either the Revolving Line or the Borrowing Base, Borrower shall immediately pay to Bank in cash such excess. 
 2.3 Payment of Interest on the Credit Extensions. 
 (a)
Interest Rate. 
 (i) Advances. Subject to Section 2.3(b), the principal amount outstanding
under the Revolving Line shall accrue interest at the following per annum rates: (i) if the Adjusted Quick Ratio is greater than or equal to 2.0 to 1.0, then the interest rate is the Prime Rate; and (ii) if the Adjusted Quick Ratio is less
than 2.0 to 1.0, then the interest rate is 0.25 percentage point above the Prime Rate. If any change in the interest rate is due to a 

  
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change in the Adjusted Quick Ratio, the change shall take effect on the first day of the month following the Bank’s receipt of Borrower’s financial statements for which the Adjusted
Quick Ratio was calculated. 
 (ii) Term Loan. Subject to Section 2.3(b), the principal amount
outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to the greater of one quarter of one (0.25%) percentage point above the Prime Rate or 8.25%, which interest shall be payable monthly. 

(iii) Second Term Loan. Subject to Section 2.3(b), the principal amount outstanding under the Second Term
Loan shall accrue interest at the following per annum rates: (i) if the Adjusted Quick Ratio is greater than or equal to 2.0 to 1.0, then the interest rate is 0.25 percentage point above the Prime Rate; and (ii) if the Adjusted Quick Ratio
is less than 2.0 to 1.0, then the interest rate is 0.50 percentage point above the Prime Rate. If any change in the interest rate is due to a change in the Adjusted Quick Ratio, the change shall take effect on the first day of the month following
the Bank’s receipt of Borrower’s financial statements for which the Adjusted Quick Ratio was calculated. 
 (b) Default Rate. Immediately upon the occurrence and during the continuance of an Event of Default, Obligations shall bear interest at a rate per annum which is five percentage points above the
rate that is otherwise applicable thereto (the “Default Rate”). Payment or acceptance of the increased interest rate provided in this Section 2.3(b) is not a permitted alternative to timely payment and shall not constitute a
waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Bank. 
 (c)
Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. 

(d) 360-Day Year. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

 (e) Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the
Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off. 
 (f) Payments. Unless otherwise provided, interest is payable monthly on the first calendar day of each month. Payments of principal and/or interest received after 12:00 p.m. Pacific time are
considered received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment is due the next Business Day and additional fees or interest, as applicable, shall continue to accrue.

 2.4 Fees. Borrower shall pay to Bank: 

(a) Revolving Line Commitment Fee. A fully earned, non-refundable commitment fee of $15,000.00 equal to
one-quarter percent (0.25%) of the Revolving Line, on the Effective Date; 
 (b) Unused Revolving Line
Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to three-eighths percent (0.375]%) per annum of the average unused portion of the
Revolving Line, as determined by Bank. The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided and under the Foreign Exchange
Sublimit for FX Forward Contracts. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the
suspension or termination of Bank’s obligation to make loans and advances hereunder; 
 (c) Second Term
Loan Commitment Fee. A fully earned, non-refundable commitment fee of $11,250.00 equal to one-half percent (0.50%) of the Second Term Loan Amount, on the Effective Date; and 

(d) Bank Expenses. All Bank Expenses (including reasonable attorneys’ fees and expenses, plus expenses for
documentation and negotiation of this Agreement) incurred through and after the Effective Date, when due. 

  
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	 	3	 CONDITIONS OF LOANS 

 3.1 Conditions Precedent to Initial Credit Extension. Bank’s obligation to make the initial Credit Extension is subject to the condition precedent that Borrower shall consent to or shall have
delivered, in form and substance satisfactory to Bank, such documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate, including, without limitation, the following: 

(a) duly executed original signatures to the Loan Documents to which it is a party; 

(b) duly executed original signatures to the Control Agreements; 

(c) its Operating Documents and a good standing certificate of Borrower certified by the Secretary of State of the State
of Delaware as of a date no earlier than thirty (30) days prior to the Effective Date; 
 (d) duly executed
original signatures to the completed Borrowing Resolutions for Borrower: 
 (e) certified copies, dated as of a
recent date, of financing statement searches, as Bank shall request, accompanied by written evidence (including any UCC termination statements) that the Liens indicated in any such financing statements either constitute Permitted Liens or have been
or, in connection with the initial Credit Extension, will be terminated or released; 
 (f) evidence
satisfactory to Bank that the insurance policies required by Section 6.5 hereof are in full force and effect, together with appropriate evidence showing loss payable and/or additional insured clauses or endorsements in favor of Bank; and

 (g) payment of the fees and Bank Expenses then due as specified in Section 2.4 hereof. 

3.2 Conditions Precedent to all Credit Extensions. Bank’s obligations to make each Credit Extension,
including the initial Credit Extension, is subject to the following; provided however, that the conditions set forth in Sections 3.2(c) and 3.2(d) shall not be required prior to the advance of the Term Loan: 

(a) except as otherwise provided in Section 3.4(a), timely receipt of an executed Payment/Advance Form; 

(b) the representations and warranties in Section 5 shall be true in all material respects on the date of the
Payment/Advance Form and on the Funding Date of each Credit Extension; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text
thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date, and no Default or Event of Default shall have occurred and
be continuing or result from the Credit Extension. Each Credit Extension is Borrower’s representation and warranty on that date that the representations and warranties in Section 5 remain true in all material respects; provided, however,
that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly
referring to a specific date shall be true, accurate and complete in all material respects as of such date; and 

(c) in Bank’s sole discretion, there has not been a Material Adverse Change. 

3.3 Covenant to Deliver. 
 Borrower agrees to deliver to Bank each item required to be delivered to Bank under this Agreement as a condition to any Credit Extension. Borrower expressly agrees that the extension of a Credit
Extension prior to the receipt by Bank of any such item shall not constitute a waiver by Bank of Borrower’s obligation to deliver such item, and any such extension in the absence of a required item shall be in Bank’s sole discretion.

 3.4 Procedures for Borrowing. 

(a) Advances. Subject to the prior satisfaction of all other applicable conditions to the making of an Advance set
forth in this Agreement, to obtain an Advance (other than Advances under Section 2.1.2 

  
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or 2.1.4), Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific time on the Funding Date of the Advance. Together with
any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a
person whom Bank believes is a Responsible Officer or designee. Bank shall credit Advances to the Designated Deposit Account. Bank may make Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or
without instructions if the Advances are necessary to meet Obligations which have become due. 
 (b) Second
Term Loan Advances. Subject to the prior satisfaction of all other applicable conditions to the making of a Second Term Loan Advance set forth in this Agreement, to obtain a Second Term Loan Advance, Borrower must notify Bank (which notice shall
be irrevocable) by electronic mail or facsimile no later than 12:00 p.m. Pacific time one (1) Business Day before the proposed Funding Date. The notice shall be a Payment/Advance Form, must be signed by a Responsible Officer or designee, and
shall include a copy of the invoice for the Equipment being financed or the Tenant Improvement expenses incurred by Borrower. If Borrower satisfies the conditions of each Second Term Loan Advance, Bank shall disburse such Second Term Loan Advance by
transfer to the Designated Deposit Account. 
  

	 	4	 CREATION OF SECURITY INTEREST 

4.1 Grant of Security Interest. Borrower hereby grants Bank, to secure the payment and performance in full of all
of the Obligations, a continuing security interest in, and pledges to Bank, the Collateral, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof. Borrower represents, warrants, and covenants
that the security interest granted herein, after release of the financing statement of KeyBank National Association and subordination of the security interest granted in favor of the Portland Development Commission, is and shall at all times
continue to be a first priority perfected security interest in the Collateral (subject only to Permitted Liens that may have superior priority to Bank’s Lien under this Agreement). If Borrower shall acquire a commercial tort claim. Borrower
shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in
form and substance reasonably satisfactory to Bank. 
 If this Agreement is terminated, Bank’s Lien in the
Collateral shall continue until the Obligations (other than inchoate indemnity obligations) are repaid in full in cash. Upon payment in full in cash of the Obligations and at such time as Bank’s obligation to make Credit Extensions has
terminated, Bank shall, at Borrower’s sole cost and expense, release its Liens in the Collateral and all rights therein shall revert to Borrower. 
 4.2 Authorization to File Financing Statements. Borrower hereby authorizes Bank to file financing statements, without notice to Borrower, with all appropriate jurisdictions to perfect or protect
Bank’s interest or rights hereunder, including a notice that any disposition of the Collateral, by either Borrower or any other Person, shall be deemed to violate the rights of Bank under the Code. 

 

	 	5	 REPRESENTATIONS AND WARRANTIES 

Borrower represents and warrants as follows: 

5.1 Due Organization, Authorization; Power and Authority. Borrower is duly existing and in good standing as a
Registered Organization in its jurisdiction of formation and is qualified and licensed to do business and is in good standing in any jurisdiction in which the conduct of its business or its ownership of property requires that it be qualified except
where the failure to do so could not reasonably be expected to have a material adverse effect on Borrower’s business. In connection with this Agreement, Borrower has delivered to Bank a completed certificate signed by Borrower, entitled
“Perfection Certificate”. Borrower represents and warrants to Bank that (a) Borrower’s exact legal name is that indicated on the Perfection Certificate and on the signature page hereof; (b) Borrower is an organization of the
type and is organized in the jurisdiction set forth in the Perfection Certificate; (c) the Perfection Certificate accurately sets forth Borrower’s organizational identification number or accurately states that Borrower has none;
(d) the Perfection Certificate accurately sets forth Borrower’s place of business, or, if more than one, its chief executive office as well as Borrower’s mailing address (if different than its chief executive office);
(e) Borrower (and each of its predecessors) has not, in the past five (5) years, changed its jurisdiction of formation, organizational structure or type, or any organizational number assigned by its jurisdiction; and (f) all other
information set forth on the Perfection Certificate pertaining to Borrower and each of its 

  
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Subsidiaries is accurate and complete (it being understood and agreed that Borrower may from time to time update certain information in the Perfection Certificate after the Effective Date to the
extent permitted by one or more specific provisions in this Agreement). If Borrower is not now a Registered Organization but later becomes one, Borrower shall promptly notify Bank of such occurrence and provide Bank with Borrower’s
organizational identification number. 
 The execution, delivery and performance by Borrower of the Loan
Documents to which it is a party have been duly authorized, and do not (i) conflict with any of Borrower’s organizational documents, (ii) contravene, conflict with, constitute a default under or violate any material Requirement of
Law, (iii) contravene, conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Governmental Authority by which Borrower or any of its Subsidiaries or any of their property or assets may be
bound or affected, (iv) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except such Governmental Approvals which have already been obtained and are in full force and
effect or (v) constitute an event of default under any material agreement by which Borrower is bound. Borrower is not in default under any agreement to which it is a party or by which it is bound in which the default could reasonably be
expected to have a material adverse effect on Borrower’s business. 
 5.2 Collateral. Borrower has
good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to grant a Lien hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other than the deposit
accounts with Bank, the deposit accounts, if any, described in the Perfection Certificate delivered to Bank in connection herewith, or of which Borrower has given Bank notice and taken such actions as are necessary to give Bank a perfected security
interest therein. 
 The Collateral is not in the possession of any third party bailee (such as a warehouse)
except as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to
Section 7.2. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral to a bailee, then Borrower will first receive the written consent of Bank and such bailee must execute and
deliver a bailee agreement in form and substance satisfactory to Bank in its sole discretion. 
 All Financed
Equipment is new, except for such Financed Equipment that has been disclosed in writing to Bank by Borrower as “used” and that Bank, in its sole discretion, has agreed to finance. All Inventory is in all material respects of good and
marketable quality, free from material defects. 
 Borrower is the sole owner of its intellectual property,
except for non-exclusive licenses granted to its customers in the ordinary course of business. Each patent is valid and enforceable, and no part of the intellectual property has been judged invalid or unenforceable, in whole or in part, and to the
best of Borrower’s knowledge, no claim has been made that any part of the intellectual property violates the rights of any third party except to the extent such claim could not reasonably be expected to have a material adverse effect on
Borrower’s business. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise
restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Bank’s right to sell any
Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the public). Borrower shall
take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for (x) all such licenses or agreements to be deemed “Collateral” and for Bank to have a security interest in it
that might otherwise be restricted or prohibited by law or by the terms of any such license or agreement, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to
dispose of such Collateral in accordance with Bank’s rights and remedies under this Agreement and the other Loan Documents. 
 5.3 Accounts Receivable. For any Eligible Domestic Account and Eligible Foreign Account in any Borrowing Base Certificate, all statements made and all unpaid balances appearing in all invoices,
instruments and other documents evidencing such Eligible Domestic Accounts and Eligible Foreign Accounts are and shall be true and correct and all such invoices, instruments and other documents, and all of Borrower’s Books are genuine and in
all respects what they purport to be. Whether or not an Event of Default has occurred and is continuing, Bank may notify any Account Debtor owing Borrower money of Bank’s security interest in such funds and verify the amount of such Eligible
Domestic Account and Eligible Foreign Account. All sales and other transactions underlying or 

  
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giving rise to each Eligible Domestic Account and Eligible Foreign Account shall comply in all material respects with all applicable laws and governmental rules and regulations. Borrower has no
knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are an Eligible Domestic Account and Eligible Foreign Account in any Borrowing Base Certificate. To the best of Borrower’s knowledge, all signatures
and endorsements on all documents, instruments, and agreements relating to all Eligible Domestic Accounts and Eligible Foreign Accounts are genuine, and all such documents, instruments and agreements are legally enforceable in accordance with their
terms. 
 5.4 Litigation. There are no actions or proceedings pending or, to the knowledge of the
Responsible Officers, threatened in writing by or against Borrower or any of its Subsidiaries involving more than One Hundred Thousand Dollars ($100,000.00). 
 5.5 No Material Deviation in Financial Statements. All consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank fairly present in all material respects
Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been any material deterioration in Borrower’s consolidated financial condition since the date of the most recent financial
statements submitted to Bank. 
 5.6 Solvency. Borrower is able to pay its debts (including trade debts)
as they mature. 
 5.7 Regulatory Compliance. Borrower is not an “investment company” or a
company “controlled” by an “investment company” under the Investment Company Act. Borrower is not engaged as one of its important activities in extending credit for margin stock (under Regulations T and U of the Federal Reserve
Board of Governors). Borrower has complied in all material respects with the Federal Fair Labor Standards Act. Neither Borrower nor any of its Subsidiaries is a “holding company” or an “affiliate” of a “holding company”
or a “subsidiary company” of a “holding company” as each term is defined and used in the Public Utility Holding Company Act of 2005. Borrower has not violated any laws, ordinances or rules, the violation of which could reasonably
be expected to have a material adverse effect on its business. None of Borrower’s or any of its Subsidiaries’ properties or assets has been used by Borrower or any Subsidiary or, to the best of Borrower’s knowledge, by previous
Persons, in disposing, producing, storing, treating, or transporting any hazardous substance other than legally. Borrower and each of its Subsidiaries have obtained all consents, approvals and authorizations of, made all declarations or filings
with, and given all notices to, all Government Authorities that are necessary to continue their respective businesses as currently conducted. 
 5.8 Subsidiaries; Investments. Borrower does not own any stock, partnership interest or other equity securities except for Permitted Investments. 

5.9 Tax Returns and Payments; Pension Contributions. Borrower has timely filed all required tax returns and
reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower. Borrower may defer payment of any contested taxes, provided that Borrower (a) in good faith contests
its obligation to pay the taxes by appropriate proceedings promptly and diligently instituted and conducted, (b) notifies Bank in writing of the commencement of, and any material development in, the proceedings, (c) posts bonds or takes
any other steps required to prevent the governmental authority levying such contested taxes from obtaining a Lien upon any of the Collateral that is other than a “Permitted Lien”. Borrower is unaware of any claims or adjustments proposed
for any of Borrower’s prior tax years which could result in additional taxes becoming due and payable by Borrower. Borrower has paid all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance
with their terms, and Borrower has not withdrawn from participation in, and has not permitted partial or complete termination of, or permitted the occurrence of any other event with respect to, any such plan which could reasonably be expected to
result in any material liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency. 

5.10 Use of Proceeds. Borrower shall use the proceeds of the Credit Extensions solely as working capital, to
reimburse Borrower’s purchase of Eligible Equipment and its Tenant Improvements and to fund its general business requirements and not for personal, family, household or agricultural purposes. 

5.11 Full Disclosure. No written representation, warranty or other statement of Borrower in any certificate or
written statement given to Bank, as of the date such representation, warranty, or other statement was made, taken together with all such written certificates and written statements given to Bank, contains any untrue

  
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statement of a material fact or omits to state a material fact necessary to make the statements contained in the certificates or statements not misleading (it being recognized by Bank that the
projections and forecasts provided by Borrower in good faith and based upon reasonable assumptions are not viewed as facts and that actual results during the period or periods covered by such projections and forecasts may differ from the projected
or forecasted results). 
  

	 	6	 AFFIRMATIVE COVENANTS 

 Borrower shall do all of the following: 
 6.1 Government
Compliance. 
 (a) Maintain its and all its Subsidiaries’ legal existence and good standing in their
respective jurisdictions of formation and maintain qualification in each jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on Borrower’s business or operations. Borrower shall comply,
and have each Subsidiary comply, with all laws, ordinances and regulations to which it is subject, noncompliance with which could have a material adverse effect on Borrower’s business. 

(b) Obtain all of the Governmental Approvals necessary for the performance by Borrower of its obligations under the Loan
Documents to which it is a party and the grant of a security interest to Bank in all of its property. Borrower shall promptly provide copies of any such obtained Governmental Approvals to Bank. 

6.2 Financial Statements, Reports, Certificates. 

(a) Deliver to Bank: (i) as soon as available, but no later than thirty (30) days after the last day of each
month, a company prepared consolidated balance sheet and income statement covering Borrower’s consolidated operations for such month certified by a Responsible Officer and in a form acceptable to Bank; (ii) as soon as available, but no
later than one hundred twenty (120) days after the last day of Borrower’s fiscal year, audited consolidated financial statements prepared under GAAP, consistently applied, together with an unqualified opinion on the financial statements
from an independent certified public accounting firm acceptable to Bank in its reasonable discretion; provided however, that the Borrower’s audited consolidated financial statements for fiscal year 2007 shall be provided to Bank as soon as
available, but no later than July 1, 2009; (iii) within five (5) days of delivery, copies of all statements, reports and notices made available to Borrower’s security holders or to any holders of Subordinated Debt (iv) in
the event that Borrower becomes subject to the reporting requirements under the Securities Exchange Act of 1934, as amended, within five (5) days of filing, all reports on Form 10-K, 10-Q and 8-K filed with the Securities and Exchange
Commission or a link thereto on Borrower’s or another website on the Internet; (iv) a prompt report of any legal actions pending or threatened against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or
any of its Subsidiaries of One Hundred Thousand Dollars ($100,000.00) or more; (v) prompt notice of an event that materially and adversely affects the value of the intellectual property; and (vi) budgets, sales projections, operating plans
and other financial information reasonably requested by Bank. 
 (b) Within thirty (30) days after the last
day of each month, deliver to Bank a duly completed Borrowing Base Certificate signed by a Responsible Officer, with (i) aged listings of accounts receivable and accounts payable (by invoice date) and (ii) a schedule of Deferred Revenue by
customer. 
 (c) Within thirty (30) days after the last day of each month, deliver to Bank with the monthly
financial statements, a duly completed Compliance Certificate signed by a Responsible Officer setting forth calculations showing compliance with the financial covenants set forth in this Agreement. 

(d) Allow Bank to audit Borrower’s Collateral at Borrower’s expense. The initial audit shall be conducted
within ninety (90) days after the Effective Date, and thereafter audits shall be conducted no more often than once every twelve (12) months unless a Default or an Event of Default has occurred and is continuing. 

6.3 [Intentionally omitted] 

6.4 Taxes; Pensions. Make, and cause each of its Subsidiaries to make, timely payment of all foreign, federal,
state, and local taxes or assessments (other than taxes and assessments which Borrower is contesting pursuant to the terms of Section 5.9 hereof) and shall deliver to Bank, on demand, appropriate certificates

  
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attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms. 

6.5 Insurance. Keep its business and the Collateral insured for risks and in amounts standard for companies in
Borrower’s industry and location and as Bank may reasonably request. Insurance policies shall be in a form, with companies, and in amounts that are reasonably satisfactory to Bank. All property policies shall have a lender’s loss payable
endorsement showing Bank as the sole lender loss payee and waive subrogation against Bank, and all liability policies shall show, or have endorsements showing, Bank as an additional insured. All policies (or the loss payable and additional insured
endorsements) shall provide that the insurer shall endeavor to give Bank at least twenty (20) days notice before canceling, amending, or declining to renew its policy. At Bank’s request, Borrower shall deliver certified copies of policies
and evidence of all premium payments. Proceeds payable under any policy shall, at Bank’s option, be payable to Bank on account of the Obligations. If Borrower fails to obtain insurance as required under this Section 6.5 or to pay any
amount or furnish any required proof of payment to third persons and Bank, Bank may make all or part of such payment or obtain such insurance policies required in this Section 6.5, and take any action under the policies Bank deems prudent.

 WARNING 
 Unless Borrower (“you” or “your”) provides Bank (“us”, “we” or “our”) with evidence of the insurance coverage as required by our contract or loan
agreement, we may purchase insurance at your expense to protect our interest. This insurance may, but need not, also protect your interest. If the collateral becomes damaged, the coverage we purchase may not pay any claim you make or any claim made
against you. You may later cancel this coverage by providing evidence that you have obtained property coverage elsewhere. 
 You are responsible for the cost of any insurance purchased by us. The cost of this insurance may be added to your contract or loan balance. If the cost is added to your contract or loan balance, the
interest rate on the underlying contract or loan will apply to this added amount. The effective date of coverage may be the date your prior coverage lapsed or the date you failed to provide proof of coverage. 

This coverage we purchased may be considerably more expensive than insurance you can obtain on your own and may not
satisfy any need for property damage coverage or any mandatory liability insurance requirements imposed by applicable law. 
 6.6 Operating Accounts. 
 (a) Borrower will maintain its
primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates. 

(b) Provide Bank five (5) days prior written notice before establishing any Collateral Account at or with any bank
or financial institution other than Bank or Bank’s Affiliates. For each Collateral Account that Borrower at any time maintains, Borrower shall cause the applicable bank or financial institution (other than Bank) at or with which any Collateral
Account is maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such Collateral Account to perfect Bank’s Lien in such Collateral Account in accordance with the terms hereunder. The provisions of
the previous sentence shall not apply to deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such.

 6.7 Financial Covenants. 

Borrower shall maintain at all times, to be tested as of the last day of each month, unless otherwise noted: 

(a) Adjusted Quick Ratio. A ratio of Quick Assets to Current Liabilities minus Deferred Revenue of at least 1.5 to
1.0. 
 (b) Maximum EBITDA Loss. The cumulative maximum EBITDA loss during the period from
October 1, 2008 through December 31, 2009 shall not exceed ($2,500,000.00). 

  
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 6.8 Protection of Intellectual Property Rights. Borrower shall:
(a) protect, defend and maintain the validity and enforceability of its intellectual property; (b) promptly advise Bank in writing of material infringements of its intellectual property; and (c) not allow any intellectual property
material to Borrower’s business to be abandoned, forfeited or dedicated to the public without Bank’s written consent. 
 6.9 Litigation Cooperation. From the date hereof and continuing through the termination of this Agreement, make available to Bank, without expense to Bank, Borrower and its officers, employees and
agents and Borrower’s books and records, to the extent that Bank may deem them reasonably necessary to prosecute or defend any third-party suit or proceeding instituted by or against Bank with respect to any Collateral or relating to Borrower.

 6.10 Further Assurances. Execute any further instruments and take further action as Bank reasonably
requests to perfect or continue Bank’s Lien in the Collateral or to effect the purposes of this Agreement. Deliver to Bank, within five (5) days after the same are sent or received, copies of all correspondence, reports, documents and
other filings with any Governmental Authority regarding compliance with or maintenance of Governmental Approvals or Requirements of Law or that could reasonably be expected to have a material effect on any of the Governmental Approvals or otherwise
on the operations of Borrower or any of its Subsidiaries. 
  

	 	7	 NEGATIVE COVENANTS 

 Borrower shall not do any of the following without Bank’s prior written consent: 
 7.1 Dispositions. Convey, sell, lease, transfer or otherwise dispose of (collectively, “Transfer”), or permit any of its Subsidiaries to Transfer, all or any part of its business or
property, except for Transfers (a) of Inventory in the ordinary course of business; (b) of worn-out or obsolete Equipment that does not constitute Financed Equipment; (c) in connection with Permitted Liens and Permitted Investments;
and (d) of non-exclusive licenses for the use of the property of Borrower or its Subsidiaries in the ordinary course of business. 
 7.2 Changes in Business, Management, Ownership, or Business Locations. (a) Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in
by Borrower and such Subsidiary, as applicable, or reasonably related thereto; (b) liquidate or dissolve; or (c) (i) if any Key Person ceases to hold such office with Borrower or (ii) enter into any transaction or series of
related transactions in which the stockholders of Borrower who were not stockholders immediately prior to the first such transaction own more than 40% of the voting stock of Borrower immediately after giving effect to such transaction or related
series of such transactions (other than by the sale of Borrower’s equity securities in a public offering or to venture capital investors so long as Borrower identifies to Bank the venture capital investors prior to the closing of the
transaction). Borrower shall not, without at least thirty (30) days prior written notice to Bank: (1) add any new offices or business locations, including warehouses (unless such new offices or business locations contain less than Ten
Thousand Dollars ($10,000.00) in Borrower’s assets or property), (2) change its jurisdiction of organization, (3) change its organizational structure or type, (4) change its legal name, or (5) change any organizational
number (if any) assigned by its jurisdiction of organization. 
 7.3 Mergers or Acquisitions. Merge or
consolidate, or permit any of its Subsidiaries to merge or consolidate, with any other Person, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or property of another Person. A Subsidiary may
merge or consolidate into another Subsidiary or into Borrower. 
 7.4 Indebtedness. Create, incur,
assume, or be liable for any Indebtedness, or permit any Subsidiary to do so, other than Permitted Indebtedness. 
 7.5 Encumbrance. Create, incur, allow, or suffer any Lien on any of the Collateral, or assign or convey any right to receive income, including the sale of any Accounts, or permit any of its
Subsidiaries to do so, except for Permitted Liens, permit any Collateral not to be subject to the first priority security interest granted herein, or enter into any agreement, document, instrument or other arrangement (except with or in favor of
Bank) with any Person which directly or indirectly prohibits or has the effect of prohibiting Borrower or any Subsidiary from assigning, mortgaging, pledging, granting a security interest in or upon, or encumbering any of Borrower’s or any
Subsidiary’s intellectual property, except as is otherwise permitted in Section 7.1 hereof and the definition of “Permitted Lien” herein. 

  
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 7.6 Maintenance of Collateral Accounts. Maintain any Collateral
Account except pursuant to the terms of Section 6.6.(b) hereof. 
 7.7 Distributions; Investments.
(a) Pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock provided that (i) Borrower may convert any of its convertible securities into other securities pursuant to the terms of such
convertible securities or otherwise in exchange thereof, (ii) Borrower may pay dividends solely in common stock; and (iii) Borrower may repurchase the stock of former employees or consultants pursuant to stock repurchase agreements so long
as an Event of Default does not exist at the time of such repurchase and would not exist after giving effect to such repurchase, provided such repurchase does not exceed in the aggregate of Fifty Thousand Dollars ($50,000) per fiscal year; or
(b) directly or indirectly make any Investment other than Permitted Investments, or permit any of its Subsidiaries to do so. 
 7.8 Transactions with Affiliates. Directly or indirectly enter into or permit to exist any material transaction with any Affiliate of Borrower, except for transactions that are in the ordinary
course of Borrower’s business, upon fair and reasonable terms that are no less favorable to Borrower than would be obtained in an arm’s length transaction with a non-affiliated Person. 

7.9 Subordinated Debt. (a) Make or permit any payment on any Subordinated Debt, except under the terms of the
subordination, intercreditor, or other similar agreement to which such Subordinated Debt is subject, or (b) amend any provision in any document relating to the Subordinated Debt which would increase the amount thereof or adversely affect the
subordination thereof to Obligations owed to Bank. 
 7.10 Compliance. Become an “investment
company” or a company controlled by an “investment company”, under the Investment Company Act of 1940 or undertake as one of its important activities extending credit to purchase or carry margin stock (as defined in Regulation U of
the Board of Governors of the Federal Reserve System), or use the proceeds of any Credit Extension for that purpose; fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to
occur; fail to comply with the Federal Fair Labor Standards Act or violate any other law or regulation, if the violation could reasonably be expected to have a material adverse effect on Borrower’s business, or permit any of its Subsidiaries to
do so; withdraw or permit any Subsidiary to withdraw from participation in, permit partial or complete termination of, or permit the occurrence of any other event with respect to, any present pension, profit sharing and deferred compensation plan
which could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency. 

 

	 	8	 EVENTS OF DEFAULT 

 Any one of the following shall constitute an event of default (an “Event of Default”) under this Agreement: 

8.1 Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension
on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) day grace period shall not apply to payments due on the Revolving Line Maturity Date, Term
Loan Maturity Date and Second Term Loan Maturity Date). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period); 

8.2 Covenant Default. 
 (a) Borrower fails or neglects to perform any obligation in Sections 6.2, 6.3, 6.4, 6.5, 6.6, 6.7, or violates any covenant in Section 7; or 

(b) Borrower fails or neglects to perform, keep, or observe any other term, provision, condition, covenant or agreement
contained in this Agreement or any Loan Documents, and as to any default (other than those specified in this Section 8) under such other term, provision, condition, covenant or agreement that can be cured, has failed to cure the default within
ten (10) days after the occurrence thereof; provided, however, that if the default cannot by its nature be cured within the ten (10) day period or cannot after diligent attempts by Borrower be cured within such ten (10) day period,
and such default is likely to be cured within a reasonable time, then Borrower shall have an additional period (which shall not in any case exceed thirty (30) days) to attempt to cure such default, and within such reasonable time period the
failure to cure the default shall not be deemed an Event of Default (but no 

  
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Credit Extensions shall be made during such cure period). Grace periods provided under this section shall not apply, among other things, to financial covenants or any other covenants set forth in
subsection (a) above; 
 8.3 Material Adverse Change. A Material Adverse Change occurs; 

8.4 Attachment. (a) Any material portion of Borrower’s assets is attached, seized, levied on, or comes
into possession of a trustee or receiver; (b) the service of process seeking to attach, by trustee or similar process, any funds of Borrower or of any entity under control of Borrower (including a Subsidiary) on deposit with Bank or any Bank
Affiliate; (c) Borrower is enjoined, restrained, or prevented by court order from conducting any part of its business; or (d) a notice of lien, levy, or assessment is filed against any of Borrower’s assets by any government agency,
and the same under clauses (a) through (d) hereof are not, within ten (10) days after the occurrence thereof, discharged or stayed (whether through the posting of a bond or otherwise); provided, however, no Credit Extensions shall be
made during any ten (10) day cure period; 
 8.5 Insolvency (a) Borrower is unable to pay its
debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty
(30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed); 

8.6 Other Agreements. There is a default in any agreement to which Borrower or any Guarantor is a party with a
third party or parties resulting in a right by such third party or parties, whether or not exercised, to accelerate the maturity of any Indebtedness in an amount in excess of Fifty Thousand Dollars ($50,000.00) or that could have a material adverse
effect on Borrower’s or any Guarantor’s business; 
 8.7 Judgments. One or more judgments,
orders, or decrees for the payment of money in an amount, individually or in the aggregate, of at least Fifty Thousand Dollars ($50,000.00) (not covered by independent third-party insurance as to which liability has been accepted by such insurance
carrier) shall be rendered against Borrower and shall remain unsatisfied, unvacated, or unstayed for a period of ten (10) days after the entry thereof (provided that no Credit Extensions will be made prior to the satisfaction, vacation, or stay
of such judgment, order, or decree); 
 8.8 Misrepresentations. Borrower or any Person acting for
Borrower makes any representation, warranty, or other statement now or later in this Agreement, any Loan Document or in any writing delivered to Bank or to induce Bank to enter this Agreement or any Loan Document, and such representation, warranty,
or other statement is incorrect in any material respect when made; 
 8.9 Subordinated Debt. A default or
breach occurs under any agreement between Borrower and any creditor of Borrower that signed a subordination, intercreditor, or other similar agreement with Bank, or any creditor that has signed such an agreement with Bank breaches any terms of such
agreement; or 
 8.10 Governmental Approvals. Any Governmental Approval shall have been (a) revoked,
rescinded, suspended, modified in an adverse manner or not renewed in the ordinary course for a full term or (b) subject to any decision by a Governmental Authority that designates a hearing with respect to any applications for renewal of any
of such Governmental Approval or that could result in the Governmental Authority taking any of the actions described in clause (a) above, and such decision or such revocation, rescission, suspension, modification or nonrenewal (i) has, or
could reasonably be expected to have, a Material Adverse Change, or (ii) adversely affects the legal qualifications of Borrower or any of its Subsidiaries to hold such Governmental Approval in any applicable jurisdiction and such revocation,
rescission, suspension, modification or non-renewal could reasonably be expected to affect the status of or legal qualifications of Borrower or any of its Subsidiaries to hold any Governmental Approval in any other jurisdiction. 

 

	 	9	 BANK’S RIGHTS AND REMEDIES 

9.1 Rights and Remedies. While an Event of Default occurs and continues Bank may, without notice or demand, do any
or all of the following: 
 (a) declare all Obligations immediately due and payable (but if an Event of Default
described in Section 8.5 occurs all Obligations are immediately due and payable without any action by Bank); 

  
 -13-

 (b) stop advancing money or extending credit for Borrower’s benefit
under this Agreement or under any other agreement between Borrower and Bank; 
 (c) demand that Borrower
(i) deposits cash with Bank in an amount equal to the aggregate amount of any Letters of Credit remaining undrawn, as collateral security for the repayment of any future drawings under such Letters of Credit, and Borrower shall forthwith
deposit and pay such amounts, and (ii) pay in advance all Letter of Credit fees scheduled to be paid or payable over the remaining term of any Letters of Credit; 

(d) settle or adjust disputes and claims directly with Account Debtors for amounts on terms and in any order that Bank
considers advisable, notify any Person owing Borrower money of Bank’s security interest in such funds, and verify the amount of such account; 
 (e) make any payments and do any acts it considers necessary or reasonable to protect the Collateral and/or its security interest in the Collateral. Borrower shall assemble the Collateral if Bank requests
and make it available as Bank designates. Bank may enter premises where the Collateral is located, take and maintain possession of any part of the Collateral, and pay, purchase, contest, or compromise any Lien which appears to be prior or superior
to its security interest and pay all expenses incurred. Borrower grants Bank a license to enter and occupy any of its premises, without charge, to exercise any of Bank’s rights or remedies; 

(f) apply to the Obligations any (i) balances and deposits of Borrower it holds, or (ii) any amount held by
Bank owing to or for the credit or the account of Borrower; 
 (g) ship, reclaim, recover, store, finish,
maintain, repair, prepare for sale, advertise for sale, and sell the Collateral. Bank is hereby granted a non-exclusive, royalty-free license or other right to use without charge, Borrower’s labels, patents, copyrights, mask works, rights of
use of any name, trade secrets, trade names, trademarks, service marks, and advertising matter, or any similar property as it pertains to the Collateral, in completing production of, advertising for sale, and selling any Collateral and, in
connection with Bank’s exercise of its rights under this Section, Borrower’s rights under all licenses and all franchise agreements inure to Bank’s benefit; 

(h) place a “hold” on any account maintained with Bank and/or deliver a notice of exclusive control, any
entitlement order, or other directions or instructions pursuant to any Control Agreement or similar agreements providing control of any Collateral; 
 (i) demand and receive possession of Borrower’s Books; and 

(j) exercise all rights and remedies available to Bank under the Loan Documents or at law or equity, including all
remedies provided under the Code (including disposal of the Collateral pursuant to the terms thereof). 
 9.2
Power of Attorney. Borrower hereby irrevocably appoints Bank as its lawful attorney-in-fact, exercisable upon the occurrence and during the continuance of an Event of Default, to: (a) endorse Borrower’s name on any checks or other
forms of payment or security; (b) sign Borrower’s name on any invoice or bill of lading for any Account or drafts against Account Debtors; (c) settle and adjust disputes and claims about the Accounts directly with Account Debtors, for
amounts and on terms Bank determines reasonable; (d) make, settle, and adjust all claims under Borrower’s insurance policies; (e) pay, contest or settle any Lien, charge, encumbrance, security interest, and adverse claim in or to the
Collateral, or any judgment based thereon, or otherwise take any action to terminate or discharge the same; and (f) transfer the Collateral into the name of Bank or a third party as the Code permits. Borrower hereby appoints Bank as its lawful
attorney-in-fact to sign Borrower’s name on any documents necessary to perfect or continue the perfection of Bank’s security interest in the Collateral regardless of whether an Event of Default has occurred until all Obligations have been
satisfied in full and Bank is under no further obligation to make Credit Extensions hereunder. Bank’s foregoing appointment as Borrower’s attorney in fact, and all of Bank’s rights and powers, coupled with an interest, are irrevocable
until all Obligations have been fully repaid and performed and Bank’s obligation to provide Credit Extensions terminates. 
 9.3 Protective Payments. If Borrower fails to obtain the insurance called for by Section 6.5 or fails to pay any premium thereon or fails to pay any other amount which Borrower is obligated to
pay under this Agreement or any other Loan Document, Bank may obtain such insurance or make such payment, and all amounts so paid by Bank are Bank Expenses and immediately due and payable, bearing interest at the then highest applicable

  
 -14-

 
rate, and secured by the Collateral. Bank will make reasonable efforts to provide Borrower with notice of Bank obtaining such insurance at the time it is obtained or within a reasonable time
thereafter. No payments by Bank are deemed an agreement to make similar payments in the future or Bank’s waiver of any Event of Default. 
 9.4 Application of Payments and Proceeds. Borrower shall have no right to specify the order or the accounts to which Bank shall allocate or apply any payments required to be made by Borrower to
Bank or otherwise received by Bank under this Agreement when any such allocation or application is not specified elsewhere in this Agreement. If an Event of Default has occurred and is continuing. Bank may apply any funds in its possession, whether
from Borrower account balances, payments, proceeds realized as the result of any collection of Accounts or other disposition of the Collateral, or otherwise, to the Obligations in such order as Bank shall determine in its sole discretion. Any
surplus shall be paid to Borrower or other Persons legally entitled thereto; Borrower shall remain liable to Bank for any deficiency. If Bank, in its good faith business judgment, directly or indirectly enters into a deferred payment or other credit
transaction with any purchaser at any sale of Collateral, Bank shall have the option, exercisable at any time, of either reducing the Obligations by the principal amount of the purchase price or deferring the reduction of the Obligations until the
actual receipt by Bank of cash therefor. 
 9.5 Bank’s Liability for Collateral. So long as Bank
complies with reasonable banking practices regarding the safekeeping of the Collateral in the possession or under the control of Bank, Bank shall not be liable or responsible for: (a) the safekeeping of the Collateral; (b) any loss or
damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other Person. Borrower bears all risk of loss, damage or destruction of the Collateral.

 9.6 No Waiver; Remedies Cumulative. Bank’s failure, at any time or times, to require strict
performance by Borrower of any provision of this Agreement or any other Loan Document shall not waive, affect, or diminish any right of Bank thereafter to demand strict performance and compliance herewith or therewith. No waiver hereunder shall be
effective unless signed by Bank and then is only effective for the specific instance and purpose for which it is given. Bank’s rights and remedies under this Agreement and the other Loan Documents are cumulative. Bank has all rights and
remedies provided under the Code, by law, or in equity. Bank’s exercise of one right or remedy is not an election, and Bank’s waiver of any Event of Default is not a continuing waiver. Bank’s delay in exercising any remedy is not a
waiver, election, or acquiescence. 
 9.7 Demand Waiver. Borrower waives demand, notice of default or
dishonor, notice of payment and nonpayment, notice of any default, nonpayment at maturity, release, compromise, settlement, extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees held by Bank on which Borrower is
liable. 
  

	 	10	 NOTICES 

 All notices, consents, requests, approvals, demands, or other communication (collectively, “Communication”) by any party to this Agreement or any other Loan Document must be in writing
and shall be deemed to have been validly served, given, or delivered: (a) upon the earlier of actual receipt and three (3) Business Days after deposit in the U.S. mail, first class, registered or certified mail return receipt requested,
with proper postage prepaid; (b) upon transmission, when sent by electronic mail or facsimile transmission; (c) one (1) Business Day after deposit with a reputable overnight courier with all charges prepaid; or (d) when
delivered, if hand-delivered by messenger, all of which shall be addressed to the party to be notified and sent to the address, facsimile number, or email address indicated below. Bank or Borrower may change its address or facsimile number by giving
the other party written notice thereof in accordance with the terms of this Section 10. 

  
 -15-

			
	If to Borrower:	  	Jive Software, Inc.
		  	915 SW Stark Street, Suite 400
		  	Portland, OR 97205
		  	Attn: Bryan LeBlanc
		  	Fax: 503.961.1047
		  	Email:     bryan.leblanc@jivesoftware.com
		
	If to Bank:	  	Silicon Valley Bank
		  	8705 SW Nimbus, Suite 240
		  	Beaverton, OR 97008
		  	Attn: Ron Sherman
		  	Fax: 503.526.0818
		  	Email:     rsherman@svb.com

  

	 	11	 CHOICE OF LAW, VENUE, JURY TRIAL WAIVER AND JUDICIAL REFERENCE 

Oregon law governs the Loan Documents without regard to principles of conflicts of law. Borrower and Bank each submit to
the exclusive jurisdiction of the State and Federal courts in Multnomah County, Oregon; provided, however, that nothing in this Agreement shall be deemed to operate to preclude Bank from bringing suit or taking other legal action in any other
jurisdiction to realize on the Collateral or any other security for the Obligations, or to enforce a judgment or other court order in favor of Bank. Borrower expressly submits and consents in advance to such jurisdiction in any action or suit
commenced in any such court, and Borrower hereby waives any objection that it may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens and hereby consents to the granting of such legal or equitable relief as is
deemed appropriate by such court. Borrower hereby waives personal service of the summons, complaints, and other process issued in such action or suit and agrees that service of such summons, complaints, and other process may be made by registered or
certified mail addressed to Borrower at the address set forth in Section 10 of this Agreement and that service so made shall be deemed completed upon the earlier to occur of Borrower’s actual receipt thereof or three (3) days after
deposit in the U.S. mails, proper postage prepaid. 
 TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
BORROWER AND BANK EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS.
THIS WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 
  

	 	12	 GENERAL PROVISIONS 

 12.1 Successors and Assigns. This Agreement binds and is for the benefit of the successors and permitted assigns of each party. Borrower may not assign this Agreement or any rights or obligations
under it without Bank’s prior written consent (which may be granted or withheld in Bank’s discretion). Bank has the right, without the consent of or notice to Borrower, to sell, transfer, negotiate, or grant participation in all or any
part of, or any interest in, Bank’s obligations, rights, and benefits under this Agreement and the other Loan Documents. 
 12.2 Indemnification. Borrower agrees to indemnify, defend and hold Bank and its directors, officers, employees, agents, attorneys, or any other Person affiliated with or representing Bank harmless
against: (a) all obligations, demands, claims, and liabilities (collectively, “Claims”) asserted by any other party in connection with the transactions contemplated by the Loan Documents; and (b) all losses or Bank
Expenses incurred, or paid by Bank from, following, or arising from transactions between Bank and Borrower (including reasonable attorneys’ fees and expenses), except for Claims and/or losses directly caused by Bank’s gross negligence or
willful misconduct. 
 12.3 Time of Essence. Time is of the essence for the performance of all
Obligations in this Agreement. 
 12.4 Severability of Provisions. Each provision of this Agreement is
severable from every other provision in determining the enforceability of any provision. 

  
 -16-

 12.5 Amendments in Writing; Integration. All amendments to this
Agreement must be in writing and signed by both Bank and Borrower. This Agreement and the Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements. All prior agreements, understandings,
representations, warranties, and negotiations between the parties about the subject matter of this Agreement and the Loan Documents merge into this Agreement and the Loan Documents. 

12.6 Counterparts. This Agreement may be executed in any number of counterparts and by different parties on
separate counterparts, each of which, when executed and delivered, are an original, and all taken together, constitute one Agreement. 
 12.7 Survival. All covenants, representations and warranties made in this Agreement continue in full force until this Agreement has terminated pursuant to its terms and all Obligations (other than
inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) have been satisfied. The obligation of Borrower in Section 12.2 to indemnify Bank shall survive until the statute
of limitations with respect to such claim or cause of action shall have run. 
 12.8 Confidentiality. In
handling any confidential information, Bank shall exercise the same degree of care that it exercises for its own proprietary information, but disclosure of information may be made: (a) to Bank’s Subsidiaries or Affiliates; (b) to
prospective transferees or purchasers of any interest in the Credit Extensions (provided, however, Bank shall use commercially reasonable efforts to obtain such prospective transferee’s or purchaser’s agreement to the terms of this
provision); (c) as required by law, regulation, subpoena, or other order; (d) to Bank’s regulators or as otherwise required in connection with Bank’s examination or audit; and (e) as Bank considers appropriate in exercising
remedies under this Agreement. Confidential information does not include information that either: (i) is in the public domain or in Bank’s possession when disclosed to Bank, or becomes part of the public domain after disclosure to Bank
other than as a result of Bank’s breach of this Section 12.8; or (ii) is disclosed to Bank by a third party, if Bank does not know that the third party is prohibited from disclosing the information. 

12.9 Attorneys’ Fees, Costs and Expenses. In any action or proceeding between Borrower and Bank arising out
of or relating to the Loan Documents, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and other costs and expenses incurred, in addition to any other relief to which it may be entitled, including without
limitation its reasonable attorneys’ fees and other costs and expenses incurred at trial, on appeal and in any arbitration or bankruptcy proceeding. 
  

	 	13	 DEFINITIONS 

 13.1 Definitions. As used in this Agreement, the following terms have the following meanings: 
 “Account” is any “account” as defined in the Code with such additions to such term as may hereafter be made, and includes, without limitation, all accounts receivable and other
sums owing to Borrower. 
 “Account Debtor” is any “account debtor” as defined in the
Code with such additions to such term as may hereafter be made. 
 “Advance” or
“Advances” means an advance (or advances) under the Revolving Line. 
 “Affiliate” of
any Person is a Person that owns or controls directly or indirectly the Person, any Person that controls or is controlled by or is under common control with the Person, and each of that Person’s senior executive officers, directors, partners
and, for any Person that is a limited liability company, that Person’s managers and members. 

“Agreement” is defined in the preamble hereof. 

“Availability Amount” is (a) the lesser of (i) the Revolving Line or (ii) the amount
available under the Borrowing Base minus (b) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) plus an amount equal to the Letter of Credit Reserve, minus (c) the FX Reserve, minus
(d) any amounts used for Cash Management Services, and minus (e) the outstanding principal balance of any Advances. 
 “Bank” is defined in the preamble hereof. 

  
 -17-

 “Bank Expenses” are all audit fees and expenses, costs, and
expenses (including reasonable attorneys’ fees and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency
Proceedings) or otherwise incurred with respect to Borrower. 
 “Borrower” is defined in the
preamble hereof 
 “Borrower’s Books” are all Borrower’s books and records including
ledgers, federal and state tax returns, records regarding Borrower’s assets or liabilities, the Collateral, business operations or financial condition, and all computer programs or storage or any equipment containing such information.

 “Borrowing Base” means (a) 80% of Eligible Accounts, as determined by Bank from
Borrower’s most recent Borrowing Base Certificate; (b) 80% of the Borrower’s hosting revenue and term license revenue for the trailing three-month period; and (c) 20% of Borrower’s unrestricted cash maintained with Bank;
provided, however, that Bank may decrease the foregoing percentages in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect Collateral. 

“Borrowing Base Certificate” is that certain certificate in the form attached hereto as Exhibit
C. 
 “Borrowing Resolutions” are, with respect to any Person, those resolutions
substantially in the form attached hereto as Exhibit and delivered by such Person to Bank approving the Loan Documents to which such Person is a party and the transactions contemplated thereby, together with a certificate executed by its secretary
on behalf of such Person certifying that (a) such Person has the authority to execute, deliver, and perform its obligations under each of the Loan Documents to which it is a party, (b) that attached as Exhibit A to such certificate is a
true, correct, and complete copy of the resolutions then in full force and effect authorizing and ratifying the execution, delivery, and performance by such Person of the Loan Documents to which it is a party, (c) the name(s) of the Person(s)
authorized to execute the Loan Documents on behalf of such Person, together with a sample of the true signature(s) of such Person(s), and (d) that Bank may conclusively rely on such certificate unless and until such Person shall have delivered
to Bank a further certificate canceling or amending such prior certificate. 
 “Business Day”
is any day that is not a Saturday, Sunday or a day on which Bank is closed. 
 “Cash
Equivalents” means (a) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than one (1) year from the date of acquisition;
(b) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Moody’s Investors Service, Inc.; (c) Bank’s certificates
of deposit issued maturing no more than one (1) year after issue; and (d) money market funds at least ninety-five percent (95%) of the assets of which constitute Cash Equivalents of the kinds described in clauses (a) through
(c) of this definition. 
 “Code” is the Uniform Commercial Code, as the same may, from
time to time, be enacted and in effect in the State of Oregon; provided, that, to the extent that the Code is used to define any term herein or in any Loan Document and such term is defined differently in different Articles or Divisions of the Code,
the definition of such term contained in Article or Division 9 shall govern; provided further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, or priority of, or remedies with respect to,
Bank’s Lien on any Collateral is governed by the Uniform Commercial Code in effect in a jurisdiction other than the State of Oregon, the term “Code” shall mean the Uniform Commercial Code as enacted and in effect in such other
jurisdiction solely for purposes on the provisions thereof relating to such attachment, perfection, priority, or remedies and for purposes of definitions relating to such provisions. 

“Collateral” is any and all properties, rights and assets of Borrower described on Exhibit A.

 “Collateral Account” is any Deposit Account, Securities Account, or Commodity Account.

 “Commodity Account” is any “commodity account” as defined in the Code with such
additions to such term as may hereafter be made. 
 “Communication” is defined in
Section 10. 
 “Compliance Certificate” is that certain certificate in the form attached
hereto as Exhibit D. 

  
 -18-

 “Contingent Obligation” is, for any Person, any direct or
indirect liability, contingent or not, of that Person for (a) any indebtedness, lease, dividend, letter of credit or other obligation of another such as an obligation directly or indirectly guaranteed, endorsed, co-made, discounted or sold with
recourse by that Person, or for which that Person is directly or indirectly liable; (b) any obligations for undrawn letters of credit for the account of that Person; and (c) all obligations from any interest rate, currency or commodity
swap agreement, interest rate cap or collar agreement, or other agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices; but “Contingent Obligation” does
not include endorsements in the ordinary course of business. The amount of a Contingent Obligation is the stated or determined amount of the primary obligation for which the Contingent Obligation is made or, if not determinable, the maximum
reasonably anticipated liability for it determined by the Person in good faith; but the amount may not exceed the maximum of the obligations under any guarantee or other support arrangement. 

“Control Agreement” is any control agreement entered into among the depository institution at which
Borrower maintains a Deposit Account or the securities intermediary or commodity intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning of
the Code) over such Deposit Account, Securities Account, or Commodity Account. 
 “Credit
Extension” is any Advance, Term Loan, Second Term Loan Advances or any other extension of credit by Bank for Borrower’s benefit. 
 “Current Liabilities” are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one
(1) year. 
 “Default” means any event which with notice or passage of time or both, would
constitute an Event of Default. 
 “Default Rate” is defined in Section 2.3(b).

 “Deferred Revenue” is all amounts received or invoiced in advance of performance under
contracts and not yet recognized as revenue. 
 “Deposit Account” is any “deposit
account” as defined in the Code with such additions to such term as may hereafter be made. 

“Designated Deposit Account” is Borrower’s deposit account, account number 3300570442, maintained
with Bank. 
 “Dollars,” “dollars’’ and “$” each mean
lawful money of the United States. 
 “Draw Period” is the period of time
from the Effective Date through the earlier to occur of (a) the 364th day after the Effective Date, or (b) an Event of Default. 

“EBITDA” shall mean (a) Net Income, plus (b) Interest Expense, plus (c) to the extent
deducted in the calculation of Net Income, depreciation expense and amortization expense, plus (d) income tax expense. 
 “Effective Date” is the date Bank executes this Agreement as indicated on the signature page hereof. 

“Eligible Accounts” means Accounts which arise in the ordinary course of Borrower’s business that
meet all Borrower’s representations and warranties in Section 5.3. Bank reserves the right at any time after the Effective Date to adjust any of the criteria set forth below and to establish new criteria in its good faith business
judgment. Eligible Accounts shall not include: 
 (a) Accounts for which the Account Debtor has not been
invoiced; 
 (b) Accounts that the Account Debtor has not paid within ninety (90) days of invoice date;

 (c) Accounts owing from an Account Debtor, fifty percent (50%) or more of whose Accounts have not been
paid within ninety (90) days of invoice date; 

  
 -19-

 (d) Accounts with credit balances over ninety (90) days from invoice
date; 
 (e) Accounts owing from an Account Debtor, including Affiliates, whose total obligations to Borrower
exceed twenty-five (25%) of all Accounts, for the amounts that exceed that percentage, unless Bank approves in writing; 
 (f) Accounts owing from an Account Debtor which does not have its principal place of business in the United States except for Eligible Foreign Accounts; 

(g) Accounts owing from an Account Debtor which is a federal, state or local government entity or any department, agency,
or instrumentality thereof except for Accounts of the United States if Borrower has assigned its payment rights to Bank and the assignment has been acknowledged under the Federal Assignment of Claims Act of 1940, as amended; 

(h) Accounts owing from an Account Debtor to the extent that Borrower is indebted or obligated in any manner to the
Account Debtor (as creditor, lessor, supplier or otherwise - sometimes called “contra” accounts, accounts payable, customer deposits or credit accounts), with the exception of customary credits, adjustments and/or discounts given to an
Account Debtor by Borrower in the ordinary course of its business; 
 (i) Accounts for demonstration or
promotional equipment, or in which goods are consigned, or sold on a “sale guaranteed”, “sale or return”, “sale on approval”, “bill and hold”, or other terms if Account Debtor’s payment may be
conditional; 
 (j) Accounts for which the Account Debtor is Borrower’s Affiliate, officer, employee, or
agent; 
 (k) Accounts in which the Account Debtor disputes liability or makes any claim (but only up to the
disputed or claimed amount), or if the Account Debtor is subject to an Insolvency Proceeding, or becomes insolvent, or goes out of business; and 
 (1) Accounts for which Bank in its good faith business judgment determines collection to be doubtful. 
 “Eligible Equipment” is the following to the extent it complies with all of Borrower’s representations and warranties to Bank, is acceptable to Bank in all respects, is located at
915 SW Stark Street, Suite 400, Portland, OR 97205 or such other location of which Bank has approved in writing, and is subject to a first priority Lien in favor of Bank: (a) general purpose equipment, and (b) Other Equipment. 

“Eligible Foreign Accounts” are Accounts for which the Account Debtor does not have its principal place
of business in the United States but are otherwise Eligible Accounts that are (a) supported by letter(s) of credit acceptable to Bank; or (b) that Bank approves in writing. 

“Equipment” is all “equipment” as defined in the Code with such additions to such term as may
hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing. 

“ERISA” is the Employee Retirement Income Security Act of 1974, and its regulations. 

“Event of Default” is defined in Section 8. 

“Financed Equipment” is all present and future Eligible Equipment in which Borrower has any interest
which is financed by a Second Term Loan Advance. 
 “Funding Date” is any date on which a
Credit Extension is made to or on account of Borrower which shall be a Business Day. 
 “FX Business
Day” is any day when (a) Bank’s Foreign Exchange Department is conducting its normal business and (b) the Foreign Currency being purchased or sold by Borrower is available to Bank from the entity from which Bank shall buy or
sell such Foreign Currency. 
 “FX Forward Contract” is defined in Section 2.1.3.

  
 -20-

 “FX Reduction Amount” is defined in Section 2.1.3.

 “FX Reserve” is defined in Section 2.1.3. 

“GAAP” is generally accepted accounting principles set forth in the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other Person as may be approved by a significant
segment of the accounting profession, which are applicable to the circumstances as of the date of determination. 
 “General Intangibles” is all “general intangibles” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes
without limitation, all copyright rights, copyright applications, copyright registrations and like protections in each work of authorship and derivative work, whether published or unpublished, any patents, trademarks, service marks and, to the
extent permitted under applicable law, any applications therefor, whether registered or not, any trade secret rights, including any rights to unpatented inventions, payment intangibles, royalties, contract rights, goodwill, franchise agreements,
purchase orders, customer lists, route lists, telephone numbers, domain names, claims, income and other tax refunds, security and other deposits, options to purchase or sell real or personal property, rights in all litigation presently or hereafter
pending (whether in contract, tort or otherwise), insurance policies (including without limitation key man, property damage, and business interruption insurance), payments of insurance and rights to payment of any kind. 

“Governmental Approval” is any consent, authorization, approval, order, license, franchise, permit,
certificate, accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority. 
 “Governmental Authority” is any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank or
other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any self-regulatory organization. 

“Indebtedness” is (a) indebtedness for borrowed money or the deferred price of property or
services, such as reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital lease obligations, and (d) Contingent Obligations.

 “Insolvency Proceeding” is any proceeding by or against any Person under the United States
Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief. 

“Interest Expense” means for any fiscal period, interest expense (whether cash or non-cash) determined
in accordance with GAAP for the relevant period ending on such date, including, in any event, interest expense with respect to any Credit Extension and other Indebtedness of Borrower and its Subsidiaries, including, without limitation or
duplication, all commissions, discounts, or related amortization and other fees and charges with respect to letters of credit and bankers’ acceptance financing and the net costs associated with interest rate swap, cap, and similar arrangements,
and the interest portion of any deferred payment obligation (including leases of all types). 

“Inventory” is all “inventory” as defined in the Code in effect on the date hereof with such
additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as
is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above. 

“Investment” is any beneficial ownership interest in any Person (including stock, partnership interest
or other securities), and any loan, advance or capital contribution to any Person. 
 “Key
Person” is any of Borrower’s Chief Executive Officer and Chief Financial Officer who are, as of the Effective Date, Dave Hersh and Bryan LeBlanc, respectively. 

“Lien” is a claim, mortgage, deed of trust, levy, charge, pledge, security interest or other encumbrance
of any kind, whether voluntarily incurred or arising by operation of law or otherwise against any property. 

  
 -21-

 “Loan Documents” are, collectively, this Agreement, the
Perfection Certificate, any note, or notes or guaranties executed by Borrower or any Guarantor, and any other present or future agreement between Borrower any Guarantor and/or for the benefit of Bank in connection with this Agreement, all as
amended, restated, or otherwise modified. 
 “Letter of Credit” means a standby letter of
credit issued by Bank or another institution based upon an application, guarantee, indemnity or similar agreement on the part of Bank as set forth in Section 2.1.2. 

“Letter of Credit Application” is defined in Section 2.1.2(a). 

“Letter of Credit Reserve” has the meaning set forth in Section 2.1.2(d). 

“Material Adverse Change” is (a) a material impairment in the perfection or priority of Bank’s
Lien in the Collateral or in the value of such Collateral; (b) a material adverse change in the business, operations, or condition (financial or otherwise) of Borrower; (c) a material impairment of the prospect of repayment of any portion
of the Obligations or (d) Bank determines, based upon information available to it and in its reasonable judgment, that there is a reasonable likelihood that Borrower shall fail to comply with one or more of the financial covenants in
Section 6 during the next succeeding financial reporting period. 
 “Net Income” means, as
calculated on a consolidated basis for Borrower and its Subsidiaries for any period as at any date of determination, the net profit (or loss), after provision for taxes, of Borrower and its Subsidiaries for such period taken as a single accounting
period. 
 “Obligations” are Borrower’s obligation to pay when due any debts, principal,
interest. Bank Expenses and other amounts Borrower owes Bank now or later, whether under this Agreement, the Loan Documents, or otherwise, including, without limitation, all obligations relating to letters of credit (including reimbursement
obligations for drawn and undrawn letters of credit), cash management services, and foreign exchange contracts, if any, and including interest accruing after Insolvency Proceedings begin and debts, liabilities, or obligations of Borrower assigned to
Bank, and the performance of Borrower’s duties under the Loan Documents. 
 “Operating
Documents” are, for any Person, such Person’s formation documents, as certified with the Secretary of State of such Person’s state of formation on a date that is no earlier than 30 days prior to the Effective Date, and,
(a) if such Person is a corporation, its bylaws in current form, (b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such Person is a partnership, its
partnership agreement (or similar agreement), each of the foregoing with all current amendments or modifications thereto. 
 “Other Equipment” is intangible property such as computer software and software licenses, equipment specifically designed or manufactured for Borrower, other intangible property, limited
use property and other similar property and soft costs approved by Bank, including taxes, shipping, warranty charges, freight discounts and installation expenses. 

“Payment/Advance Form” is that certain form attached hereto as Exhibit B. 

“Perfection Certificate” is defined in Section 5.1. 

“Permitted Indebtedness” is: 

(a) Borrower’s Indebtedness to Bank under this Agreement and the other Loan Documents; 

(b) Indebtedness existing on the Effective Date and shown on the Perfection Certificate; 

(c) Subordinated Debt; 
 (d) unsecured Indebtedness to trade creditors and with respect to surety bonds and similar obligations incurred in the ordinary course of business; 

(e) Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of business;

  
 -22-

 (f) Indebtedness secured by Permitted Liens; and 

(g) extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness
(a) through (f) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, as the case may be. 

“Permitted Investments” are: 

(a) Investments shown on the Perfection Certificate and existing on the Effective Date; 

(b) Cash Equivalents, and (ii) any Investments permitted by Borrower’s investment policy, as amended from time
to time, provided that such investment policy (and any such amendment thereto) has been approved by Bank; 
 (c)
Investments consisting of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of Borrower; 
 (d) Investments consisting of deposit accounts in which Bank has a perfected security interest; 
 (e) Investments accepted in connection with Transfers permitted by Section 7.1; 
 (f) Investments of Subsidiaries in or to other Subsidiaries or Borrower and Investments by Borrower in Subsidiaries not to exceed $100,000.00 in the aggregate in any fiscal year; 

(g) Investments consisting of (i) travel advances and employee relocation loans and other employee loans and advances in the
ordinary course of business, and (ii) loans to employees, officers or directors relating to the purchase of equity securities of Borrower or its Subsidiaries pursuant to employee stock purchase plans or agreements approved by Borrower’s
Board of Directors; 
 (h) Investments (including debt obligations) received in connection with the bankruptcy or reorganization
of customers or suppliers and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of business; and 
 (i) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not Affiliates, in the ordinary course of business; provided that
this paragraph (i) shall not apply to Investments of Borrower in any Subsidiary. 
 “Permitted
Liens” are: 
 (a) Liens existing on the Effective Date and shown on the Perfection Certificate or
arising under this Agreement and the other Loan Documents; 
 (b) Liens for taxes, fees, assessments or other
government charges or levies, either not delinquent or being contested in good faith and for which Borrower maintains adequate reserves on its Books, provided that no notice of any such Lien has been filed or recorded under the Internal
Revenue Code of 1986, as amended, and the Treasury Regulations adopted thereunder; 
 (c) purchase money Liens
(i) on Equipment acquired or held by Borrower incurred for financing the acquisition of the Equipment securing no more than $250,000.00 in the aggregate amount outstanding, or (ii) existing on Equipment when acquired, if the Lien is
confined to the property and improvements and the proceeds of the Equipment; 
 (d) Liens of carriers,
warehousemen, suppliers, or other Persons that are possessory in nature arising in the ordinary course of business so long as such Liens attach only to Inventory and which are not delinquent or remain payable without penalty or which are being
contested in good faith and by appropriate proceedings which proceedings have the effect of preventing the forfeiture or sale of the property subject thereto; 

  
 -23-

 (e) Liens to secure payment of workers’ compensation, employment
insurance, old-age pensions, social security and other like obligations incurred in the ordinary course of business (other than Liens imposed by ERISA); 
 (f) Liens incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described in (a) through (c), but any extension, renewal or replacement Lien must be limited to
the property encumbered by the existing Lien and the principal amount of the indebtedness may not increase; 

(g) leases or subleases of real property granted in the ordinary course of business, and leases, subleases, non-exclusive
licenses or sublicenses of property (other than real property or intellectual property) granted in the ordinary course of Borrower’s business, if the leases, subleases, licenses and sublicenses do not prohibit granting Bank a security
interest; 
 (h) non-exclusive license of intellectual property granted to third parties in the ordinary course
of business; 
 (i) Liens arising from attachments or judgments, orders, or decrees in circumstances not
constituting an Event of Default under Sections 8.4 and 8.7; and 
 (j) Liens in favor of other financial
institutions arising in connection with Borrower’s deposit and/or securities accounts held at such institutions, provided that Bank has a perfected security interest in the amounts held in such deposit and/or securities accounts. 

“Person” is any individual, sole proprietorship, partnership, limited liability company, joint venture,
company, trust, unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or government agency. 

“Prime Rate” is Bank’s most recently announced “prime rate,” even if it is not
Bank’s lowest rate. 
 “Quick Assets” is, on any date, Borrower’s unrestricted cash
and Cash Equivalents maintained with Bank, unrestricted cash or Cash Equivalents deposited with or invested through a third party in investments with maturities of fewer than 12 months so long as a Control Agreement satisfactory to Bank has been
executed and delivered with respect to such deposits or investments, net billed accounts receivable, and investments with Bank with maturities of fewer than 12 months determined according to GAAP. 

“Registered Organization” is any “registered organization” as defined in the Code with such
additions to such term as may hereafter be made 
 “Requirement of Law” is as to any Person,
the organizational or governing documents of such Person, and any law (statutory or common), treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such
Person or any of its property or to which such Person or any of its property is subject. 
 “Responsible
Officer” is any of the Chief Executive Officer, President, VP of Finance, Chief Financial Officer and Controller of Borrower. 
 “Revolving Line” is an Advance or Advances in an amount equal to Six Million Dollars ($6,000,000.00). 

“Revolving Line Maturity Date” is a date 729 days after the Effective Date. 

“Second Term Loan” is a loan made by Bank pursuant to the terms of Section 2.1.6 hereof.

 “Second Term Loan Advance” is defined in Section 2.1.6(a). 

“Second Term Loan Amount” is an amount equal to Two Million Two Hundred Fifty Thousand Dollars
($2,250,000.00). 
 “Second Term Loan Maturity Date” is October 1, 2012. 

  
 -24-

 “Second Term Loan Payment” is defined in
Section 2.1.6(b). 
 “Securities Account” is any “securities account” as defined
in the Code with such additions to such term as may hereafter be made. 
 “Subordinated Debt”
is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between
Bank and the other creditor), on terms acceptable to Bank. 
 “Subsidiary” means, with respect
to any Person, any Person of which more than 50.0% of the voting stock or other equity interests (in the case of Persons other than corporations) is owned or controlled directly or indirectly by such Person or one or more of Affiliates of such
Person. 
 “Tenant Improvements” means leasehold improvements for the Borrower’s leased
premises located at 915 SW Stark Street, Suite 400, Portland, OR 97205, the costs and expenses for which have been paid by Borrower. 
 “Term Loan” is a loan made by Bank pursuant to the terms of Section 2.1.5 hereof. 
 “Term Loan Amount” is an amount equal to Two Million Dollars ($2,000,000.00). 
 “Term Loan Maturity Date” is August 1, 2010. 

“Term Loan Payment” is defined in Section 2.1.5(b). 

“Total Liabilities” is on any day, obligations that should, under GAAP, be classified as liabilities on
Borrower’s consolidated balance sheet, including all Indebtedness, and current portion of Subordinated Debt permitted by Bank to be paid by Borrower, but excluding all other Subordinated Debt. 

“Transfer” is defined in Section 7.1. 

UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY BANK CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT
FOR PERSONAL FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY BANK TO BE ENFORCEABLE. 

|Signature page follows.| 

  
 -25-

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the Effective Date. 
  

			
	BORROWER:
	
	JIVE SOFTWARE, INC.
		
	By	 	 /s/ Bryan J.
LeBlanc

			
	Name:	 	 Bryan J. LeBlanc

			
	Title:	 	 Chief Financial Officer

  

			
	BANK:
	
	SILICON VALLEY BANK
		
	By	 	 /s/ Todd Hardy

			
	Name:	 	 TODD HARDY

			
	Title:	 	 RELATIONSHIP MANAGER

			
	Effective Date:	 	 10-14-08

 [Signature page to Loan and Security Agreement] 

 EXHIBIT A 
 The Collateral consists of all of Borrower’s right, title and interest in and to the following personal property: 

All goods, Accounts (including health-care receivables), Equipment, Inventory, contract rights or rights to payment of
money, leases, license agreements, franchise agreements, General Intangibles (except as provided below), commercial tort claims, documents, instruments (including any promissory notes), chattel paper (whether tangible or electronic), cash, deposit
accounts, fixtures, letters of credit rights (whether or not the letter of credit is evidenced by a writing), securities, and all other investment property, supporting obligations, and financial assets, whether now owned or hereafter acquired,
wherever located; and 
 all Borrower’s Books relating to the foregoing, and any and all claims, rights and
interests in any of the above and all substitutions for, additions, attachments, accessories, accessions and improvements to and replacements, products, proceeds and insurance proceeds of any or all of the foregoing. 

Notwithstanding the foregoing, the Collateral does not include any of the following, whether now owned or hereafter
acquired: any copyright rights, copyright applications, copyright registrations and like protections in each work of authorship and derivative work, whether published or unpublished, any patents, patent applications and like protections, including
improvements, divisions, continuations, renewals, reissues, extensions, and continuations-in-part of the same, trademarks, service marks and, to the extent permitted under applicable law, any applications therefor, whether registered or not, and the
goodwill of the business of Borrower connected with and symbolized thereby, know-how, operating manuals, trade secret rights, rights to unpatented inventions, and any claims for damage by way of any past, present, or future infringement of any of
the foregoing; provided, however, the Collateral shall include all Accounts, license and royalty fees and other revenues, proceeds, or income arising out of or relating to any of the foregoing. 

Pursuant to the terms of a certain negative pledge arrangement with Bank, Borrower has agreed not to encumber any of its
copyright rights, copyright applications, copyright registrations and like protections in each work of authorship and derivative work, whether published or unpublished, any patents, patent applications and like protections, including improvements,
divisions, continuations, renewals, reissues, extensions, and continuations-in-part of the same, trademarks, service marks and, to the extent permitted under applicable law, any applications therefor, whether registered or not, and the goodwill of
the business of Borrower connected with and symbolized thereby, know-how, operating manuals, trade secret rights, rights to unpatented inventions, and any claims for damage by way of any past, present, or future infringement of any of the foregoing,
without Bank’s prior written consent. 

  
 1 

 EXHIBIT B 

Loan Payment/Advance Request Form 
 DEADLINE FOR SAME DAY PROCESSING IS NOON P.S.T.* 

 

			
	Fax To:	 	Date:                     

  

																					
	LOAN PAYMENT:	 	 	 	 	    	 
	 	 		 		 		 		 		 	        Jive Software, Inc.	    	 
	 					 
	From Account #	 	  
	 		 	To Account #	 	  
	    	 
	(Deposit Account #)	 	(Loan Account #)
	Principal $	 	  
	 		 	and/or Interest $	 	  
	    	 
	 					 
	Authorized Signature:	 	  
	 		 	                Phone Number:	 	  
	    	 
	Print Name/Title:	 	  
	 		 		 		 		 		    	 
	 
	 

 

																			
	LOAN
ADVANCE:
	 
	Complete Outgoing Wire Request section below if all or
a portion of the funds from this loan advance are for an outgoing wire.
	 					 
	From Account #	 	  
	 		 	To Account #	 	  
	    	 
	(Loan Account #)	 	(Deposit Account #)
	 								 
	Amount of Advance $	 	  
	 		 		 		 		 		 		    	 
	 
	All Borrower’s representations and warranties in the
Loan and Security Agreement are true, correct and complete in all material respects on the date of the request for an advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that
already are qualified or modified by materiality in the text thereof: and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such
date:
	 					 
	Authorized Signature:	 	  
	 		 	Phone Number:	 	  
	    	 
	 Print Name/Title:
	 	  
	 		 		 		 		 		 		    	 
	 						 
	 	 	 	 	 	 	 	 	 	 	 	    	 

  

																																					
	OUTGOING WIRE
REQUEST:	    	 
	Complete only if all or a portion of funds from the Loan advance above is to be wired.	    	 
	Deadline for same day processing is noon. P.S.T.	    	 
	 					 
	Beneficiary Name:	 	  
	 		 	    Amount of Wire: $	 	  
	    	 
	Beneficiary Bank:	 	  
	 		 	    Account Number:	 	  
	    	 
	City and State:	 	  
	 		    	 
	 					 
	Beneficiary Bank Transit (ABA) #:	 	  
	 		 	Beneficiary Bank Code (Swift, Sort, Chip, etc.):	 	  
	    	 
	 	 		 	 (For International Wire Only)
	    	 
	 					 
	Intermediary Bank:	 	  
	 		 	Transit (ABA) #:	 	  
	    	 
	For Further Credit to:	 	  
	    	 
	 		 
	Special Instruction:	 	  
	    	 
	 	 
	By signing below, I (we) acknowledge and agree that my (our) funds transfer request shall be processed in
accordance with and subject to the terms and conditions set forth in the agreements(s) covering funds transfer service(s), which agreements(s) were previously received and executed by me (us).	    	 
	 						 
	Authorized Signature:	 	  
	 		 	2nd Signature (if required):	 	  
	 		    	 
	Print Name/Title:	 	  
	 		 	Print Name/Title:	 	  
	 		    	 
	Telephone #:	 	  
	 		 	Telephone #:	 	  
	 		    	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

  

	*	Unless otherwise provided for an Advance bearing interest at LIBOR. 

  
 2 

 EXHIBIT C 

BORROWING BASE CERTIFICATE 
  

 
  

			
	Borrower:	  	Jive Software, Inc.
	Lender:	  	Silicon Valley Bank
	Commitment Amount	  	$6,000,000

					
	
	 ACCOUNTS RECEIVABLE
	   

	 1.        Accounts Receivable (invoiced) Book Value as of
                    
	  	$	            	  
		  	  
	  
	 
	 2.        Additions (please explain on reverse)
	  	$	 	  
		  	  
	  
	 
	 3.        TOTAL ACCOUNTS RECEIVABLE
	  	$	 	  
		  	  
	  
	 
	
	 ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication)
	   

	 4.        Un-invoiced Accounts
	  	$	 	  
		  	  
	  
	 
	 5.        Amounts over 90 days due
	  	$	 	  
		  	  
	  
	 
	 6.        Balance of 50% over 90 day accounts
	  	$	 	  
		  	  
	  
	 
	 7.        Credit balances over 90 days
	  	$	 	  
		  	  
	  
	 
	 8.        Concentration Limits
	  	$	 	  
		  	  
	  
	 
	 9.        Foreign Accounts (except Eligible Foreign Accounts)
	  	$	 	  
		  	  
	  
	 
	 10.      Governmental Accounts
	  	$	 	  
		  	  
	  
	 
	 11.      Contra Accounts
	  	$	 	  
		  	  
	  
	 
	 12.      Promotion or Demo Accounts
	  	$	 	  
		  	  
	  
	 
	 13.      Intercompany/Employee Accounts
	  	$	 	  
		  	  
	  
	 
	 14.      Disputed Accounts
	  	$	 	  
		  	  
	  
	 
	 15.      Deferred Revenue
	  	$	 	  
		  	  
	  
	 
	 16.      Other (please explain on reverse)
	  	$	 	  
		  	  
	  
	 
	 17.      TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS
	  	$	 	  
		  	  
	  
	 
	 18.      Eligible Accounts (#3 minus #17)
	  	$	 	  
		  	  
	  
	 
	 19.      ELIGIBLE AMOUNT OF ACCOUNTS ( 80% of #18)
	  	$	 	  
		  	  
	  
	 
	
	 TRAILING THREE-MONTH HOSTING REVENUE
	   

	 20.      Hosting Revenue and Term License Revenue for the Trailing Three-Month
Period
	  	$	 	  
		  	  
	  
	 
	 21.      ELIGIBLE AMOUNT OF HOSTING REVENUE ( 80% of #20)
	  	$	 	  
		  	  
	  
	 
	
	 CASH MAINTAINED WITH BANK
	   

	 22.      Cash Maintained with Bank as of
                    
	  			
	 23.      ELIGIBLE AMOUNT OF CASH ( 20% of #22)
	  			
	
	 BALANCES
	   

	 24.      Maximum Loan Amount
	  	$	 	  
		  	  
	  
	 
	 25.      Total Funds Available [Lesser of #24 or (#19 plus #21 plus #23)]
	  	$	 	  
		  	  
	  
	 
	 26.      Present balance owing on Line of Credit
	  	$	 	  
		  	  
	  
	 
	 27.      Outstanding under Sublimits
	  			
	 28.      RESERVE POSITION (#25 minus #26 and #27)
	  	$	 	  
		  	  
	  
	 

 The undersigned represents and warrants that this is true, complete and correct, and that the
information in this Borrowing Base Certificate complies with the representations and warranties in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. 

  
 1 

									
		 		 	BANK USE ONLY
	COMMENTS:	 		 	Received by:	 	  

		 		 		 	AUTHORIZED SIGNER
		 		 		 	Date:	 	  

		 		 		 	Verified:	 	  

	By:	 	  
	 		 		 	AUTHORIZED SIGNER
		 	Authorized Signer	 		 	Date:	 	  

	Date:	 	  
	 		 	Compliance Status:	 	Yes        No

  
 2 

 EXHIBIT D 

COMPLIANCE CERTIFICATE 
  

					
	TO:	 	SILICON VALLEY BANK	 	Date:
	FROM:	 	JIVE SOFTWARE, INC.	 	

 The undersigned authorized officer of Jive Software, Inc. (“Borrower”)
certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”), (1) Borrower is in complete compliance for the period ending
                     with all required covenants except as noted below, (2) there are no Events of Default, (3) all representations and
warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified
or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date, (4) Borrower,
and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower except as otherwise permitted
pursuant to the terms of Section 5.9 of the Agreement, and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which Borrower has not previously
provided written notification to Bank. Attached are the required documents supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained
in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is
determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under “Complies” column. 
  

					
	 Reporting Covenant
	  	 Required
	  	 Complies

			
	Monthly financial statements with Compliance Certificate	  	Monthly within 30 days	  	Yes    No
	Annual financial statement (CPA Audited) + CC	  	FYE within 120 days*	  	Yes    No
	10-Q, 10-K and 8-K	  	Within 5 days after filing with SEC	  	Yes    No
	Borrowing Base Certificate A/R & A/P Agings with Deferred Revenue report	  	Monthly within 30 days	  	Yes    No

  

	*	The audited financial statement for fiscal year 2007 shall be provided to Bank on or before July 1, 2009 

 

													
	 Financial Covenant
	  	 Required
	 	 	 Actual
	 	 	 Complies
	 
				
	 Maintain on a Monthly Basis:
	  				 				 			
	 Minimum Adjusted Quick Ratio
	  	 	1.5:1.0	  	 	 	        :1.0	  	 	 	Yes    No	  
	 Maximum EBITDA Loss
	  	($	2,500,000	) 	 	($	            	) 	 	 	Yes    No	  

  
 1 

 The following financial covenant analyses and information set forth in Schedule 1 attached
hereto are true and accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the
certification above: (If no exceptions exist, state “No exceptions to note.”) 
  

 
  

 
  

 

									
	Jive Software, Inc.	 		 	BANK USE ONLY
					
	By:	 	 	 		 	Received by:	 	 
	Name: 	 	 	 		 		 	AUTHORIZED SIGNER
	Title:	 	 	 		 	Date:	 	 
		 		 		 		 	
		 		 		 	Verified:	 	 
		 		 		 		 	AUTHORIZED SIGNER
		 		 		 	Date:	 	 
				
		 		 		 	Compliance Status:            Yes        No

  
 2 

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 
 In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 
 Dated:
                                         
    
 Adjusted Quick Ratio (Section 6.7(a)) 
 Required            1.50:1:00 
 Actual

  

							
	 A.
	  	Aggregate value of the unrestricted cash and cash equivalents of Borrower and its Subsidiaries deposited with Bank or invested with its Affiliates and unrestricted cash or cash
equivalents deposited with or invested through a third party in investments with maturities of fewer than 12 months so long as a Control Agreement satisfactory to Bank has been executed and delivered with respect to such deposits or
investments	  	$	            	  
			
	 B.
	  	Aggregate value of the net billed accounts receivable of Borrower and its Subsidiaries	  	$	            	  
			
	 C.
	  	Aggregate value of the Investments with maturities of fewer than 12 months of Borrower and its Subsidiaries	  	$	            	  
			
	 D.
	  	Quick Assets (the sum of lines A through C)	  	$	            	  
			
	 E.
	  	Aggregate value of Obligations to Bank that mature within one (1) year	  	$	            	  
			
	 F.
	  	Aggregate value of liabilities that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness, and not otherwise
reflected in line E above that matures within one (1) year	  	$	            	  
			
	 G.
	  	Current Liabilities (the sum of lines E and F)	  	$	            	  
			
	 H.
	  	Aggregate value of all amounts received or invoiced by Borrower in advance of performance under contracts and not yet recognized as revenue	  	$	            	  
			
	 I.
	  	Line G minus line H	  	$	            	  
			
	 J.
	  	Adjusted Quick Ratio (line D divided by line I)	  	$	            	  
		
	Is line H equal to or greater than 1.50:1:00?	  			
			
		  	             No, not in
compliance                                        
                                        
Yes, in compliance	  			
			
	II.	  	Maximum EBITDA Loss (Section 6.7(b))	  			
		
	Required:            ($2,500,000.00)	  			
			
	 Actual
  
	  		  			
	A.	  	Net Income of Borrower since October 1, 2008	  	$	            	  

  

  
 3 

							
	 B.
	 	 To the extent included in the determination of Net Income since October 1, 2008
	  			
			
		 	 1.      The provision for income taxes since October 1, 2008
	  	$	            	  
		 		  	  
	  
	 
			
		 	 2.      Depreciation expense since October 1, 2008
	  	$	 	  
		 		  	  
	  
	 
			
		 	 3.      Amortization expense since October 1, 2008
	  	$	 	  
		 		  	  
	  
	 
			
		 	 4.      Interest Expense since October 1, 2008
	  	$	 	  
		 		  	  
	  
	 
			
		 	 5.      The sum of lines 1 through 4
	  	$	 	  
		 		  	  
	  
	 
			
	 C.
	 	 EBITDA (line A plus line B.5)
	  	$	 	  
		 		  	  
	  
	 

 Is the amount of the loss in line C equal to or less than $2,500,000.00? 

 

			
	            No, not in compliance	  	            Yes, in compliance

  
 4 

 

 
 PRO FORMA INVOICE FOR LOAN CHARGES 

 

			
	BORROWER:	  	Jive Software, Inc.
		
	LOAN OFFICER:	  	Todd Hardy
		
	DATE:	  	October 10, 2008

  

					
	 Revolving Loan Fee
	  	$	15,000.00	  
		
	 Second Term Loan Fee
	  	$	11,250.00	  
		  	  
	  
	 
		
	 TOTAL FEES DUE TO BANK:
	  	$	26,250.00	  
		  	  
	  
	 
		
	 Legal Fee for professional services rendered by Farleigh Wada Witt:
	  	$	3,953.00	  
		
	 Costs estimate (including UCC searches):
	  	$	390.75	  
		  	  
	  
	 
		
	 Total due to Farleigh Wada Witt:
	  	$	4,343.00	  
		  	  
	  
	 

 Please indicate the method of payment: 

 

	
	 {    } A check for the total amount is attached.

 

{ü} Debit DDA # 3300570442 for the total amount.

 
 {    } Loan
proceeds

  

	
	BORROWER: JIVE SOFTWARE, INC.
	
	  

	Bryan J. LeBlanc
	Chief Financial Officer
	
	/s/ Bryan J. LeBlanc            10/14/08
	  

	Authorized Signer                (Date)
	
	/s/ Todd Hardy            10-14-08
	  

	Silicon Valley Bank             (Date)
	Account Officer’s Signature

 FIRST AMENDMENT 

TO 

AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

THIS FIRST AMENDMENT to Amended and Restated Loan and Security Agreement (this “First
Amendment”) is entered into this 3rd day of August, 2009, by and between Silicon Valley Bank (“Bank”) and Jive Software, Inc., a Delaware corporation f/k/a CoolServlets Inc. (“Borrower”) whose address is 915 SW Stark Street,
Suite 400, Portland, OR 97205. 
 RECITALS 

A. Bank and Borrower have entered into that certain Amended and Restated Loan and Security Agreement with an
Effective Date of October 14, 2008 (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 

B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C. Borrower has requested that Bank amend the Loan Agreement to (i) amend the Maximum EBITDA Loss covenant
and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein. 
 D.
Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and
intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2.
Amendments to Loan Documents. 
 2.1 Section 6.7(b) (Financial Covenants). Section 6.7(b)
is amended by deleting the existing provision and replacing it with the following: 
 “(b)
Maximum EBITDA Loss. The cumulative maximum EBITDA loss during the period from January 1, 2009 through December 31, 2009 shall not exceed ($3,000,000.00).” 

2.2 Section 13.1 (Definitions). The following term and its definition are amended by deleting such definition
and replacing it with the following: 
 ““EBITDA” shall mean (a) Net
Income, plus (b) Interest Expense, plus (c) to the extent deducted in the calculation of Net Income, depreciation expense, 

  
 Page 36 –First
Amendment to Amended and Restated Loan and Security Agreement 

 
amortization expense and non-cash stock compensation expense, plus (d) income tax expense.” 
 2.3 Exhibit D (Compliance Certificate). The Compliance Certificate attached to the Loan Agreement as Exhibit D is amended by deleting such certificate and replacing it with the Compliance
Certificate attached hereto as Exhibit D. 
 3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth
herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which
Bank may now have or may have in the future under or in connection with any Loan Document. 
 3.2 This
Amendment shall be construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and
confirmed and shall remain in full force and effect. 
 4. Representations and Warranties. To
induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as follows: 

4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority
to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents of Borrower delivered to Bank on the Effective Date, as amended by the Amended and Restated Certificate of Incorporation dated August 8, 2007, remain true,
accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 
 4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized;

 4.5 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its
obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a Person binding on Borrower, (c) any
order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

  
 Page 37 –First
Amendment to Amended and Restated Loan and Security Agreement 

 4.6 The execution and delivery by Borrower of this Amendment and the
performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any
governmental or public body or authority, or subdivision thereof, binding on either Borrower, except as already has been obtained or made; and 
 4.7 This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such
enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

5. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts
taken together shall be deemed to constitute one and the same instrument. 
 6.
Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto and (b) Borrower’s payment of an amendment fee in an amount equal to
$2,500.00 and Bank’s out-of-pocket expenses. 
 UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY BANK CONCERNING
LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY BANK TO BE ENFORCEABLE. 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed
and delivered as of the date first written above. 
  

									
	BANK	 		 	BORROWER
			
	Silicon Valley Bank	 		 	Jive Software, Inc.
					
	By:	 	 /s/ TODD HARDY
	 		 	By:	 	 /s/    Bryan J.
LeBlanc        

	Name:	 	 TODD HARDY
	 		 	Name:	 	 Bryan J. LeBlanc

	Title:	 	 RELATIONSHIP MANAGER
	 		 	Title:	 	 Chief Financial Officer

		 		 		 		 	8-3-09

  
 Page 38 –First
Amendment to Amended and Restated Loan and Security Agreement 

 EXHIBIT D 

COMPLIANCE CERTIFICATE 
  

					
	TO:	 	SILICON VALLEY BANK	 	Date:                    
	FROM:	 	JIVE SOFTWARE, INC.	 	

 The undersigned authorized officer of Jive Software, Inc. (“Borrower”) certifies that under the
terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”), (1) Borrower is in complete compliance for the period ending
                     with all required covenants except as noted below, (2) there are no Events of Default, (3) all representations and warranties in
the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified
by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date, (4) Borrower, and each of its
Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower except as otherwise permitted pursuant to the
terms of Section 5.9 of the Agreement, and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which Borrower has not previously provided written notification to
Bank. Attached are the required documents supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or
footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this
certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement. 

Please indicate compliance status by circling Yes/No under “Complies” column. 

 

					
	 Reporting Covenant
	 	 Required
	  	 Complies

			
	Monthly financial statements with Compliance Certificate	 	Monthly within 30 days	  	Yes    No
	Annual financial statement (CPA Audited) + CC	 	FYE within 120 days	  	Yes    No
	10-Q, 10-K and 8-K	 	Within 5 days after filing with SEC	  	Yes    No
	Borrowing Base Certificate A/R & A/P Agings with Deferred Revenue report	 	Monthly within 30 days	  	Yes    No

  

											
	 Financial Covenant
	  	Required	 	Actual	 	 	Complies	 
				
	 Maintain on a Monthly Basis:
	  		 				 			
	 Minimum Adjusted Quick Ratio
	  	1.5:1.0	 	 	        :1.0	  	 	 	Yes    No	  
	 Maximum EBITDA Loss
	  	($3,000,000)	 	($	            	) 	 	 	Yes    No	  

  
 1 

 The following financial covenant analyses and information set forth in
Schedule 1 attached hereto are true and accurate as of the date of this Certificate. 
 The following are the exceptions with
respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) 
  

 
  

 
  

 
  

									
	Jive Software, Inc.	 	  	 	BANK USE ONLY
					
		 		 		 	Received by:	 	  

	By:	 	  
	 		 		 	AUTHORIZED SIGNER
					
	Name:	 	  
	 		 	Date:	 	  

	Title:	 	  
	 		 	Verified:	 	  

		 		 		 		 	AUTHORIZED SIGNER
					
		 		 		 	Date:	 	  

				
		 		 		 	Compliance Status:             Yes    No

  
 2 

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 
 In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 
 Dated:                     

 

	I.	Adjusted Quick Ratio (Section 6.7(a)) 

Required: 1.50:1.00 
 Actual: 

 

							
	 A.
	 	Aggregate value of the unrestricted cash and cash equivalents of Borrower and its Subsidiaries deposited with Bank or invested with its Affiliates and unrestricted cash or cash
equivalents deposited with or invested through a third party in investments with maturities of fewer than 12 months so long as a Control Agreement satisfactory to Bank has been executed and delivered with respect to such deposits or
investments	 	$	 	
             

				
	 B.
	 	Aggregate value of the net billed accounts receivable of Borrower and its Subsidiaries	 	$	 	
             

				
	 C.
	 	Aggregate value of the Investments with maturities of fewer than 12 months of Borrower and it Subsidiaries	 	$	 	
             

				
	 D.
	 	Quick Assets (the sum of lines A through C)	 	$	 	
             

				
	 E.
	 	Aggregate value of Obligations to Bank that mature within one (1) year	 	$	 	
             

				
	 F.
	 	Aggregate value of liabilities that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness, and not otherwise
reflected in line E above that matures within one (1) year	 	$	 	
             

				
	 G.
	 	Current Liabilities (the sum of lines E and F)	 	$	 	
             

				
	 H.
	 	Aggregate value of all amounts received or invoiced by Borrower in advance of performance under contracts and not yet recognized as revenue	 	$	 	
             

				
	 I
	 	Line G minus line H	 	$	 	
             

			
	 J.
	 	Adjusted Quick Ratio (line D divided by line I)	 	  

 Is line H equal to or greater than 1.50:1:00? 

 

					
	                    No, not in compliance	 		 	            Yes, in compliance

  

	II.	Maximum EBITDA Loss (Section 6.7(b)) 

  

			
	Required:	 	($3,000,000.00)
		
	Actual:	 	

  
 3 

									
	A.	 	Net Income of Borrower since January 1, 2009	 	$	 	              

				
	B.	 	To the extent included in the determination of Net Income since January 1, 2009	 		 	
					
		 	1.	  	The provision for income taxes since January 1, 2009	 	$	 	              

					
		 	2.	  	Depreciation expense since January 1, 2009	 	$	 	              

					
		 	3.	  	Amortization expense since January 1, 2009	 	$	 	              

					
		 	4.	  	Interest expense since January 1, 2009	 	$	 	              

					
		 	5.	  	Non-cash stock compensation expense since January 1, 2009	 	$	 	              

					
		 	6.	  	The sum of lines 1 through 5	 	$	 	              

				
	C.	 	EBITDA (line A plus line B.5)	 	$	 	              

 Is the amount of the loss in line C equal to or less than $3,000,000.00? 

 

			
	            No, not in compliance	  	            Yes, in compliance

  
 4 

 

 
 PRO FORMA INVOICE FOR LOAN CHARGES 

 

			
	 BORROWER:
	  	Jive Software, Inc.
		
	LOAN OFFICER:	  	Todd Hardy
		
	DATE:	  	August 3, 2009

  

							
	 Amendment Fee
	 		 	$2,500.00	 	
		 		 	  
	 	
				
	 TOTAL FEES DUE TO BANK:
	 		 	$2,500.00	 	
		 		 	  
	 	
				
	 Legal Fee for professional 

services rendered by Farleigh
	 		 	$858.00	 	
	 Wada Witt:
	 		 		 	
				
	 Costs estimate (including UCC searches):
	 		 	$0.00	 	
		 		 	  
	 	
				
	 Total due to Farleigh Wada
	 		 		 	
	 Witt:
	 		 	$858.00	 	
		 		 	  
	 	

 Please indicate the method of payment: 

{ } A check for the total amount is attached. 

{x} Debit DDA #
                     for the total amount. 
 { } Loan proceeds 
  

							
	BORROWER: JIVE SOFTWARE, INC.	 		 	
		 		 	  
 Bryan J. LeBlanc
 Chief Financial Officer

	 /s/ Bryan
LeBlanc                                        
                    8/3/09
	 		 
	Authorized Signer	 	(Date)	 		 	
			
	 /s/ Todd
Hardy                                        
                        8-11-09
	 		 	
	Silicon Valley Bank	 	(Date)	 		 	
	Account Officer’s Signature	 		 		 	

 SECOND AMENDMENT 

TO 

AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 
 THIS SECOND AMENDMENT to Amended and Restated Loan and Security Agreement (this “Amendment”) is entered into this 6th day of April, 2010, by and between Silicon Valley Bank
(“Bank”) and Jive Software, Inc., a Delaware corporation f/k/a CoolServlets Inc. (“Borrower”) whose address is 915 SW Stark Street, Suite 400, Portland, OR 97205. 

RECITALS 
 A. Bank and Borrower have entered into that certain Amended and Restated Loan and Security Agreement with an Effective Date of October 14, 2008, as amended by that certain First Amendment to
Amended and Restated Loan and Security Agreement dated August 3, 2009 (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 

B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C. Borrower has requested that Bank amend the Loan Agreement to (i) make a new equipment term loan; (ii) extend the
maturity of the Revolving Line; (iii) amend the Maximum EBITDA Loss covenant; and (iv) make certain other revisions to the Loan Agreement as more fully set forth herein. 

D. Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms,
subject to the conditions and in reliance upon the representations and warranties set forth below. 
 AGREEMENT

 NOW, THEREFORE, in consideration of the foregoing recitals and other good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 

2. Amendments to Loan Documents. 
 2.1 Section 2.1.7 (Third Term Loan). A new Section 2.1.7 is hereby added to the Loan Agreement as follows: 
 “2.1.7 Third Term Loan. 
 (a) Availability.
Subject to the terms and conditions of this Agreement, during the Third Term Loan Draw Period, Bank shall make advances (each, a “Third Term Loan Advance” and, collectively, “Third Term Loan 

  
 Page 44 –Second
Amendment to Amended and Restated Loan and Security Agreement 

 
Advances”) not exceeding the Third Term Loan Amount. Third Term Loan Advances may only be used to finance Eligible Equipment and Tenant Improvements purchased after January 1,
2010 through December 31, 2010 (determined based upon the applicable invoice date of such Eligible Equipment or Tenant Improvements) before the date of each Third Term Loan Advance. All Eligible Equipment must have been new when purchased by
Borrower, except for such Eligible Equipment that is disclosed in writing to Bank by Borrower, and that Bank in its sole discretion has agreed to finance, prior to being financed by Bank. No Third Term Loan Advance may exceed one hundred percent
(100%) of the total invoice for Eligible Equipment (excluding taxes, shipping, warranty charges, freight discounts and installation expenses relating to such Eligible Equipment except to the extent such are allowed to be financed pursuant
hereto as Other Equipment) or the documented cost of any Tenant Improvements. Unless otherwise agreed to by Bank, not more than twenty-five percent (25%) of the proceeds of the Third Term Loan shall be used to finance Other Equipment. After
repayment, no Third Term Loan Advance may be reborrowed. 
 (b) Repayment. Borrower shall repay the Third
Term Loan Advances as follows: (a) beginning on the first day of the month following the month in which the Funding Date occurs and continuing on the first day of each month thereafter through the Third Term Loan Draw Period, Borrower shall pay
interest-only payments, and (b) beginning on January 1, 2011, and continuing on the first day of each month thereafter until the Third Term Loan Maturity Date, Borrower shall pay (i) thirty-six (36) equal installments of
principal, plus (ii) monthly payments of accrued interest (collectively, the “Third Term Loan Payment”). Borrower’s final Third Term Loan Payment, due on the Third Term Loan Maturity Date, shall include all outstanding
principal and accrued and unpaid interest under the Third Term Loan. 
 (c) Prepayment. At Borrower’s
option, so long as an Event of Default has not occurred and is not continuing, Borrower shall have the option to prepay, without penalty, all, or any portion, of the Third Term Loan Amount advanced by Bank under this Agreement, provided Borrower
(a) provides written notice to Bank of its election to exercise to prepay the Third Term Loan at least thirty (30) days prior to such prepayment, and (b) pays, on the date of the prepayment (i) all accrued and unpaid interest
with respect to the Third Term Loan through the date the prepayment is made; (ii) all or any portion of the unpaid principal with respect to the Third Term Loan; and (iii) all other sums, if any, that shall have become due and payable
hereunder with respect to this Agreement.” 
 2.2 Section 2.3(a)(iv) (Third Term Loan). A new
Section 2.3(a)(iv) is hereby added to the Loan Agreement as follows: 
 “(iv) Third Term Loan.
Subject to Section 2.3(b), the principal amount outstanding under the Third Term Loan shall accrue interest at the following per annum rates: (i) if the Adjusted Quick Ratio is greater than or equal to 2.0 to 1.0, then the interest rate is
0.25 percentage point above the Prime Rate; and (ii) if the 

  
 Page 45 –Second
Amendment to Amended and Restated Loan and Security Agreement 

 
Adjusted Quick Ratio is less than 2.0 to 1.0, then the interest rate is .50 percentage points above the Prime Rate. If any change in the interest rate is due to a change in the Adjusted Quick
Ratio, the change shall take effect on the first day of the month following the Bank’s receipt of Borrower’s financial statements for which the Adjusted Quick Ratio was calculated.” 

2.3 Section 3.4(c) (Third Term Loan Advances). A new Section 3.4(c) is hereby added to the Loan Agreement as follows:

 “(c) Third Term Loan Advances. Subject to the prior satisfaction of all other applicable
conditions to the making of a Third Term Loan Advance set forth in this Agreement, to obtain a Third Term Loan Advance, Borrower must notify Bank (which notice shall be irrevocable) by electronic mail or facsimile no later than 12:00 p.m. Pacific
time one (1) Business Day before the proposed Funding Date. The notice shall be a Payment/Advance Form, must be signed by a Responsible Officer or designee, and shall include a copy of the invoice for the Equipment being financed or the Tenant
Improvement expenses incurred by Borrower. If Borrower satisfies the conditions of each Third Term Loan Advance, Bank shall disburse such Third Term Loan Advance by transfer to the Designated Deposit Account.” 

2.4 Section 6.7 (Financial Covenants). Section 6.7 is amended by deleting the existing provision and replacing it with
the following: 
 “6.7 Financial Covenants. 

Borrower shall maintain at all times, to be tested as of the last day of each month, unless otherwise noted: 

(a) Adjusted Quick Ratio. A ratio of Quick Assets to Current Liabilities plus Long Term Liabilities minus Deferred
Revenue of at least 1.5 to 1.0. 
 (b) Maximum EBITDA Loss. The cumulative maximum EBITDA loss for each
quarterly period shall not exceed the following: (i) ($4,700,000.00) during the period from January 1, 2010 through March 31, 2010; (ii) ($7,000,000.00) during the period from April 1, 2010 through June 30, 2010;
(iii) ($6,000,000.00) during the period from July 1, 2010 through September 30, 2010; (iv) ($3,000,000.00) during the period from October 1, 2010 through December 31, 2010; (v) ($2,500,000.00) during the period
from January 1, 2011 through March 31, 2011; (vi) ($1,000,000.00) during the period from April 1, 2011 through June 30, 2011; and (vii) $0.00 from and after July 1, 2011.” 

2.5 Section 8.1 (Payment Default). Section 8.1 is amended by deleting the existing provision and replacing it with the
following: 

  
 Page 46 –Second
Amendment to Amended and Restated Loan and Security Agreement 

 “8.1 Payment Default. Borrower fails to (a) make any payment of principal
or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) day grace period shall not apply to payments due on the
Revolving Line Maturity Date, Term Loan Maturity Date, Second Term Loan Maturity Date and Third Term Loan Maturity Date). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be
made during the cure period); 
 2.6 Section 13.1 (Definitions). The following terms and their definitions are
amended by deleting such definitions and replacing them with the following: 
 ““Borrowing
Base” means (a) 80% of Eligible Accounts, as determined by Bank from Borrower’s most recent Borrowing Base Certificate, which may include not more than $1,000,000.00 of Eligible Foreign Accounts; and (b) 80% of the
Borrower’s hosting revenue and term license revenue for the trailing three-month period; provided, however, that Bank may decrease the foregoing percentages in its good faith business judgment based on events, conditions, contingencies, or
risks which, as determined by Bank, may adversely affect Collateral. 
 “Credit Extension” is
any Advance, Term Loan, Second Term Loan Advances, Third Term Loan Advances or any other extension of credit by Bank for Borrower’s benefit. 
 “Eligible Accounts” means Accounts which arise in the ordinary course of Borrower’s business that meet all Borrower’s representations and warranties in Section 5.3. Bank
reserves the right at any time after the Effective Date to adjust any of the criteria set forth below and to establish new criteria in its good faith business judgment. Unless Bank otherwise agrees in writing, Eligible Accounts shall not include:

 (a) Accounts for which the Account Debtor is Borrower’s Affiliate, officer, employee, or agent;

 (b) Accounts that the Account Debtor has not paid within ninety (90) days of invoice date regardless of
invoice payment period terms; 
 (c) Accounts with credit balances over ninety (90) days from invoice date;

 (d) Accounts owing from an Account Debtor, in which fifty percent (50%) or more of the Accounts have not
been paid within ninety (90) days of invoice date; 

  
 Page 47 –Second
Amendment to Amended and Restated Loan and Security Agreement 

 (e) Accounts owing from an Account Debtor which does not have its principal
place of business in the United States except for Eligible Foreign Accounts of not more than $1,000,000; 
 (f)
Accounts billed and/or payable outside of the United States (sometimes called foreign invoiced accounts); 
 (g)
Accounts owing from an Account Debtor to the extent that Borrower is indebted or obligated in any manner to the Account Debtor (as creditor, lessor, supplier or otherwise - sometimes called “contra” accounts, accounts payable, customer
deposits or credit accounts); 
 (h) Accounts owing from an Account Debtor, whose total obligations to Borrower
exceed twenty-five percent (25%) of all Accounts, for the amounts that exceed that percentage, unless Bank approves in writing; 
 (i) Accounts owing from an Account Debtor which is a United States government entity or any department, agency, or instrumentality thereof unless Borrower has assigned its payment rights to Bank and the
assignment has been acknowledged under the Federal Assignment of Claims Act of 1940, as amended; 
 (j) Accounts
for demonstration or promotional equipment, or in which goods are consigned, or sold on a “sale guaranteed”, “sale or return”, “sale on approval”, or other terms if Account Debtor’s payment may be conditional;

 (k) Accounts owing from an Account Debtor where goods or services have not yet been rendered to the Account
Debtor (sometimes called memo billings or pre-billings); 
 (1) Accounts subject to contractual arrangements
between Borrower and an Account Debtor where payments shall be scheduled or due according to completion or fulfillment requirements where the Account Debtor has a right of offset for damages suffered as a result of Borrower’s failure to perform
in accordance with the contract (sometimes called contracts accounts receivable, progress billings, milestone billings, or fulfillment contracts); 
 (m) Accounts owing from an Account Debtor the amount of which may be subject to withholding based on the Account Debtor’s satisfaction of Borrower’s complete performance (but only to the extent
of the amount withheld; sometimes called retainage billings); 
 (n) Accounts subject to trust provisions,
subrogation rights of a bonding company, or a statutory trust; 
 (o) Accounts owing from an Account Debtor that
has been invoiced for goods that have not been shipped to the Account Debtor unless Bank, 

  
 Page 48 –Second
Amendment to Amended and Restated Loan and Security Agreement 

 
Borrower, and the Account Debtor have entered into an agreement acceptable to Bank in its sole discretion wherein the Account Debtor acknowledges that (i) it has title to and has ownership
of the goods wherever located, (ii) a bona fide sale of the goods has occurred, and (iii) it owes payment for such goods in accordance with invoices from Borrower (sometimes called “bill and hold” accounts); 

(p) Accounts for which the Account Debtor has not been invoiced; 

(q) Accounts that represent non-trade receivables or that are derived by means other than in the ordinary course of
Borrower’s business; 
 (r) Accounts for which Borrower has permitted Account Debtor’s payment to
extend beyond 90 days; 
 (s) Accounts arising from chargebacks, debit memos or others payment deductions taken
by an Account Debtor (but only to the extent the chargeback is determined invalid and subsequently collected by Borrower); 
 (t) Accounts arising from product returns and/or exchanges (sometimes called “warranty” or “RMA” accounts); 

(u) Accounts in which the Account Debtor disputes liability or makes any claim (but only up to the disputed or claimed
amount), or if the Account Debtor is subject to an Insolvency Proceeding, or becomes insolvent, or goes out of business; and 
 (v) Accounts for which Bank in its good faith business judgment determines collection to be doubtful, including, without limitation, accounts represented by “refreshed” or “recycled”
invoices. 
 “Eligible Foreign Accounts” are Accounts for which the Account Debtor does not have
its principal place of business in the United States but are otherwise Eligible Accounts that are (a) billed and collected in US Dollars; and (b) the Account Debtor’s country is one in which the Export-Import Bank of the United State
provides coverage for financing of export transactions under its Country Limitation Schedule. 

“Financed Equipment” is all present and future Eligible Equipment in which Borrower has any interest
which is financed by a Second Term Loan Advance or Third Term Loan Advance. 
 “Revolving Line”
is an Advance or Advances in an amount equal to Five Million Five Hundred Thousand Dollars ($5,500,000.00). 

“Revolving Line Maturity Date” is March 31, 2012.” 

  
 Page 49 –Second
Amendment to Amended and Restated Loan and Security Agreement 

 The following terms and their definitions are hereby added to the Loan Agreement:

 ““Long Term Liabilities” are all term loan obligations and liabilities of Borrower to
Bank that mature in more than one (1) year, including, without limitation, the Term Loan, Second Term Loan and Third Term Loan. 
 “Third Term Loan” is a loan made by Bank pursuant to the terms of Section 2.1.7 hereof. 
 “Third Term Loan Advance” is defined in Section 2.1.7(a). 
 “Third Term Loan Amount” is an amount equal to Two Million Dollars ($2,000,000.00). 
 “Third Term Loan Draw Period” is the period of time from April 6, 2010 through the earlier to occur of (a) December 31, 2010, or (b) an Event of Default. 

“Third Term Loan Maturity Date” is December 1, 2013. 

“Third Term Loan Payment” is defined in Section 2.1.7(b). 

2.7 Exhibit C (Borrowing Base Certificate). The Borrowing Base Certificate attached to the Loan Agreement as Exhibit C is amended
by deleting such certificate and replacing it with the Borrowing Base Certificate attached hereto as Exhibit C. 
 2.8
Exhibit D (Compliance Certificate). The Compliance Certificate attached to the Loan Agreement as Exhibit D is amended by deleting such certificate and replacing it with the Compliance Certificate attached hereto as Exhibit D. 

3. Limitation of Amendments. 
 3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (a) be a
consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the future under or in connection with any Loan
Document. 
 3.2 This Amendment shall be construed in connection with and as part of the Loan Documents and all terms,
conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

  
 Page 50 –Second
Amendment to Amended and Restated Loan and Security Agreement 

 4. Representations and Warranties. To induce Bank to enter into this Amendment,
Borrower hereby represents and warrants to Bank as follows: 
 4.1 Immediately after giving effect to this Amendment
(a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which
case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing; 
 4.2
Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents of Borrower delivered to Bank on the Effective Date, as amended by the Amended and Restated Certificate of Incorporation dated August 8, 2007, remain true,
accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this
Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction
with a Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on either Borrower, except as already has been obtained or made; and 
 4.7 This Amendment has been duly
executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium
or other similar laws of general application and equitable principles relating to or affecting creditors’ rights. 
 5.
Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 

6. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment
by each party hereto and (b) Borrower’s 

  
 Page 51 –Second
Amendment to Amended and Restated Loan and Security Agreement 

 
payment of a fully-earned, nonrefundable Third Term Loan fee in an amount equal to $10,000.00, a fully-earned, nonrefundable Revolving Line fee in an amount equal to $13,750.00 and Bank’s
out-of-pocket expenses. 
 UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY BANK CONCERNING LOANS AND OTHER CREDIT
EXTENSIONS WHICH ARE NOT FOR PERSONAL FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY BANK TO BE ENFORCEABLE. 

[Signature page follows] 

  
 Page 52 –Second
Amendment to Amended and Restated Loan and Security Agreement 

 IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above. 
  

									
	BANK	 		 	BORROWER
			
	Silicon Valley Bank	 		 	Jive Software, Inc.
					
	By:	 	 /s/ TODD HARDY
	 		 	By:	 	 /s/ Bryan
LeBlanc                             4/6/10

	Name:	 	 TODD HARDY
	 		 	Name:	 	 Bryan LeBlanc

	Title:	 	 RELATIONSHIP MANAGER
	 		 	Title:	 	 CFO

  
 Page 53 –Second
Amendment to Amended and Restated Loan and Security Agreement 

 THIRD AMENDMENT 

TO 

AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

THIS THIRD AMENDMENT to Amended and Restated Loan and Security Agreement (this “Amendment”) is entered
into this      day of September, 2010, by and between Silicon Valley Bank (“Bank”) and Jive Software, Inc., a Delaware corporation f/k/a CoolServlets Inc. (“Borrower”) whose address is 915 SW Stark Street,
Suite 400, Portland, OR 97205. 
 RECITALS 

A. Bank and Borrower have entered into that certain Amended and Restated Loan and Security Agreement with
an Effective Date of October 14, 2008, as amended by that certain First Amendment to Amended and Restated Loan and Security Agreement dated August 3, 2009, as amended by that certain Second Amendment to Amended and Restated Loan and
Security Agreement dated April 6, 2010 (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 

B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C. Borrower has requested that Bank amend the Loan Agreement to (i) make a new equipment term loan;
(ii) increase the Revolving Line and extend the maturity of the Revolving Line; (iii) amend the Maximum EBITDA Loss covenant; and (iv) make certain other revisions to the Loan Agreement as more fully set forth herein. 

D. Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in
accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and
intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2.
Amendments to Loan Documents. 
 2.1 Section 2.1.7 (Fourth Term Loan). A new Section 2.1.8
is hereby added to the Loan Agreement as follows: 
 “2.1.8 Fourth Term Loan. 

(a) Availability. Subject to the terms and conditions of this Agreement, during the Fourth Term
Loan Draw Period, Bank shall make 

  
 Page 54 –Third
Amendment to Amended and Restated Loan and Security Agreement 

 
advances (each, a “Fourth Term Loan Advance” and, collectively, “Fourth Term Loan Advances”) not exceeding the Fourth Term Loan Amount. Fourth Term Loan Advances
may only be used to finance Eligible Equipment and Tenant Improvements purchased within ninety (90) days (determined based upon the applicable invoice date of such Eligible Equipment and Tenant Improvements) before the date of each Fourth Term
Loan Advance. All Eligible Equipment must have been new when purchased by Borrower, except for such Eligible Equipment that is disclosed in writing to Bank by Borrower, and that Bank in its sole discretion has agreed to finance, prior to being
financed by Bank. No Fourth Term Loan Advance may exceed one hundred percent (100%) of the total invoice for Eligible Equipment (excluding taxes, shipping, warranty charges, freight discounts and installation expenses relating to such Eligible
Equipment except to the extent such are allowed to be financed pursuant hereto as Other Equipment) or the documented cost of any Tenant Improvements. Unless otherwise agreed to by Bank, not more than twenty-five percent (25%) of the proceeds of
the Fourth Term Loan shall be used to finance Other Equipment. After repayment, no Fourth Term Loan Advance may be reborrowed. 
 (b) Repayment. Borrower shall repay the Fourth Term Loan Advances as follows: (a) beginning on the first day of the month following the month in which the initial Funding Date occurs and
continuing on the first day of each month thereafter through the Fourth Term Loan Draw Period, Borrower shall pay interest-only payments, and (b) beginning on July 1, 2011, and continuing on the first day of each month thereafter until the
Fourth Term Loan Maturity Date, Borrower shall pay (i) thirty-six (36) equal installments of principal, plus (ii) monthly payments of accrued interest (collectively, the “Fourth Term Loan Payment”). Borrower’s
final Fourth Term Loan Payment, due on the Fourth Term Loan Maturity Date, shall include all outstanding principal and accrued and unpaid interest under the Fourth Term Loan. 

(c) Prepayment. At Borrower’s option, so long as an Event of Default has not occurred and is
not continuing, Borrower shall have the option to prepay, without penalty, all, or any portion, of the Fourth Term Loan Amount advanced by Bank under this Agreement, provided Borrower (a) provides written notice to Bank of its election to
exercise to prepay the Fourth Term Loan at least thirty (30) days prior to such prepayment, and (b) pays, on the date of the prepayment (i) all accrued and unpaid interest with respect to the Fourth Term Loan through the date the
prepayment is made; (ii) all or any portion of the unpaid principal with respect to the Fourth Term Loan; and (iii) all other sums, if any, that shall have become due and payable hereunder with respect to this Agreement.” 

2.2 Section 2.3(a)(v) (Fourth Term Loan). A new Section 2.3(a)(v) is hereby added to the Loan Agreement
as follows: 
 “(iv) Fourth Term Loan. Subject to Section 2.3(b), the principal
amount outstanding under the Fourth Term Loan shall accrue interest at the following per annum rates: (i) if the Adjusted Quick Ratio is greater than or equal to 2.0 to 1.0, 

  
 Page 55 –Third
Amendment to Amended and Restated Loan and Security Agreement 

 
then the interest rate is 0.25 percentage point above the Prime Rate; and (ii) if the Adjusted Quick Ratio is less than 2.0 to 1.0, then the interest rate is .50 percentage points above the
Prime Rate. If any change in the interest rate is due to a change in the Adjusted Quick Ratio, the change shall take effect on the first day of the month following the Bank’s receipt of Borrower’s financial statements for which the
Adjusted Quick Ratio was calculated.” 
 2.3 Section 3.4(d) (Fourth Term Loan Advances). A new
Section 3.4(d) is hereby added to the Loan Agreement as follows: 
 “(c) Fourth Term
Loan Advances. Subject to the prior satisfaction of all other applicable conditions to the making of a Fourth Term Loan Advance set forth in this Agreement, to obtain a Fourth Term Loan Advance, Borrower must notify Bank (which notice shall be
irrevocable) by electronic mail or facsimile no later than 12:00 p.m. Pacific time one (1) Business Day before the proposed Funding Date. The notice shall be a Payment/Advance Form, must be signed by a Responsible Officer or designee, and shall
include a copy of the invoice for the Equipment being financed or the Tenant Improvement expenses incurred by Borrower. If Borrower satisfies the conditions of each Fourth Term Loan Advance, Bank shall disburse such Fourth Term Loan Advance by
transfer to the Designated Deposit Account.” 
 2.4 Section 6.2(a)(ii) (Financial Statements,
Reports, Certificates). Section 6.2(a)(ii) is amended by deleting the existing provision and replacing it with the following: 
 “(ii) as soon as available, but no later than one hundred fifty (150) days after the last day of Borrower’s fiscal year, audited consolidated financial statements prepared under GAAP,
consistently applied, together with an unqualified opinion on the financial statements from an independent certified public accounting firm acceptable to Bank in its reasonable discretion;” 

2.5 Section 6.7 (Financial Covenants). Section 6.7(b) is amended by deleting the existing provision and
replacing it with the following: 
 “(b) Maximum EBITDA Loss. The cumulative maximum
EBITDA loss for each of the following six-month period shall not exceed the following: (i) ($12,000,000.00) during the period from July 1, 2010 through December 31, 2010; (ii) ($5,500,000.00) during the period from
January 1, 2011 through June 30, 2011; and (iii) ($2,000,000.00) for each six-month period from and after July 1, 2011. The cumulative maximum EBITDA loss shall be measured monthly.” 

2.6 Section 7.3 (Mergers or Acquisitions). Section 7.3 is amended by deleting the existing provision and
replacing it with the following: 
 “7.3 Mergers or Acquisitions. Merge or consolidate, or permit any
of its Subsidiaries to merge or consolidate, with any other Person, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or 

  
 Page 56 –Third
Amendment to Amended and Restated Loan and Security Agreement 

 
property of another Person except where (a) total annual consideration including cash and the value of any non-cash consideration, for all such transactions does not in the aggregate exceed Five
Million Dollars ($5,000,000) in any fiscal year of Borrower; (b) no Event of Default has occurred and is continuing or would exist after giving effect to the transactions; (c) Borrower is the surviving legal entity; (d) Borrower, on a consolidated
basis, is in compliance on a Pro Forma Basis, with the applicable financial covenants in Section 6.7, recomputed as of the last day of the most recently ended fiscal quarter; (e) the target company is in the same or similar line of business to that
of Borrower; and (f) the acquisition of the target company shall be a voluntary transaction and not a hostile takeover or acquisition. For purposes of this Agreement, the term “Pro Forma Basis” means, for any acquisition that occurs
subsequent to the commencement of a period for which the financial effect of such transaction is being calculated, and giving effect to the transaction for which such calculation is being made, such calculation as shall give pro forma effect to such
acquisition (and any related incurrence or repayment of Indebtedness) as if it occurred on the first day of the fiscal quarter period for which such calculation is being made (including cost savings to the extent such cost savings would be permitted
to be reflected in pro forma financial information complying with the requirements of GAAP). A Subsidiary may merge or consolidate into another Subsidiary or into Borrower.” 

2.7 Section 13.1 (Definitions). The following terms and their definitions are amended by deleting such
definitions and replacing them with the following: 
 “Credit Extension” is any
Advance, Term Loan, Second Term Loan Advances, Third Term Loan Advances, Fourth Term Loan Advances or any other extension of credit by Bank for Borrower’s benefit. 

“Financed Equipment” is all present and future Eligible Equipment in which Borrower has
any interest which is financed by a Second Term Loan Advance, Third Term Loan Advance or Fourth Term Loan Advance. 
 “Long Term Liabilities” are all term loan obligations and liabilities of Borrower to Bank that mature in more than one (1) year, including, without limitation, the Term Loan, Second
Term Loan, Third Term Loan and Fourth Term Loan. 
 “Revolving Line” is an
Advance or Advances in an amount equal to Ten Million Dollars ($10,000,000.00). 

“Revolving Line Maturity Date” is September     , 2012.”

 The following terms and their definitions are hereby added to the Loan Agreement: 

“Fourth Term Loan” is a loan made by Bank pursuant to the terms of Section 2.1.8 hereof.

  
 Page 57 –Third
Amendment to Amended and Restated Loan and Security Agreement 

 “Fourth Term Loan Advance” is defined in
Section 2.1.8(a). 
 “Fourth Term Loan Amount” is an amount equal to Four
Million Dollars ($4,000,000.00). 
 “Fourth Term Loan Draw Period” is the period
of time from September     , 2010 through the earlier to occur of (a) June 30, 2011, or (b) an Event of Default. 
 “Fourth Term Loan Maturity Date” is June 1, 2014. 
 “Fourth Term Loan Payment” is defined in Section 2.1.8(b).” 
 2.8 Exhibit C (Borrowing Base Certificate). The Borrowing Base Certificate attached to the Loan Agreement as Exhibit C is amended by deleting such certificate and replacing it with the Borrowing
Base Certificate attached hereto as Exhibit C. 
 2.9 Exhibit D (Compliance Certificate). The Compliance
Certificate attached to the Loan Agreement as Exhibit D is amended by deleting such certificate and replacing it with the Compliance Certificate attached hereto as Exhibit D. 

3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth herein and
shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may
now have or may have in the future under or in connection with any Loan Document. 
 3.2 This Amendment
shall be construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and
shall remain in full force and effect. 
 4. Representations and Warranties. To induce Bank to enter into
this Amendment, Borrower hereby represents and warrants to Bank as follows: 
 4.1 Immediately after
giving effect to this Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties
relate to an earlier date, in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 

  
 Page 58 –Third
Amendment to Amended and Restated Loan and Security Agreement 

 4.3 The organizational documents of Borrower delivered to Bank on the
Effective Date, as amended by the Amended and Restated Certificate of Incorporation dated August 8, 2007, remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and
effect; 
 4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower
of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized; 

4.5 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations
under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a Person binding on Borrower, (c) any order,
judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations
under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or
subdivision thereof, binding on either Borrower, except as already has been obtained or made; and 
 4.7
This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights. 
 5. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument.

 6. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and
delivery to Bank of this Amendment by each party hereto and (b) Borrower’s payment of a fully-earned, nonrefundable Fourth Term Loan fee in an amount equal to $10,000.00, a fully-earned, nonrefundable Revolving Line fee in an amount equal
to $18,125.00 and Bank’s out-of-pocket expenses. The Revolving Line fee in the sum of $18,125.00 is for the first year of the two-year term, and the Revolving Line fee for each succeeding year is $25,000.00. 

UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY BANK CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT
FOR PERSONAL FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY BANK TO BE ENFORCEABLE. 

  
 Page 59 –Third
Amendment to Amended and Restated Loan and Security Agreement 

 [Signature page follows] 

  
 Page 60 –Third
Amendment to Amended and Restated Loan and Security Agreement 

 IN WITNESS WHEREOF, the parties hereto
have caused this Amendment to be duly executed and delivered as of the date first written above. 
  

									
	BANK	 		 	BORROWER
			
	Silicon Valley Bank	 		 	Jive Software, Inc.
					
	By:	 	 /s/ TODD HARDY
	 		 	By:	 	 /s/ Bryan J. LeBlanc      

	Name:	 	 TODD HARDY
	 		 	Name:	 	 Bryan J. LeBlanc

	Title:	 	 RELATIONSHIP MANAGER
	 		 	Title:	 	 Chief Financial Officer

		 	9-24-10	 		 		 	9/24/10

  
 Page 61 –Third
Amendment to Amended and Restated Loan and Security Agreement 

 EXHIBIT C 

BORROWING BASE CERTIFICATE 
  

 
  

			
	Borrower:	 	Jive Software, Inc.
	Lender:	 	Silicon Valley Bank
	Commitment Amount:    $ 10,000,000.00

  

							
	 ACCOUNTS RECEIVABLE
	  			
	 1.
	  	 Accounts Receivable (invoiced) Book Value as of
	  	$	                        	  
	 2.
	  	 Additions (Please explain on next page)
	  	$	                        	  
	 3.
	  	 Less: Intercompany / Employee / Non-Trade Accounts
	  	$	                        	  
	 4.
	  	 NET TRADE ACCOUNTS RECEIVABLE
	  	$	                        	  
		
	 ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication)
	  			
	 5.
	  	 90 Days Passed Invoice Date
	  	$	                        	  
	 6.
	  	 Credit Balances over 90 Days
	  	$	                        	  
	 7.
	  	 Balance of 50% over 90 Day Accounts (Cross-Age or Current Affected)
	  	$	                        	  
	 8.
	  	 Foreign Account Debtor Accounts*
	  	$	                        	  
	 9.
	  	 Foreign Invoiced and/or Collected Accounts
	  	$	                        	  
	 10.
	  	 Contra / Customer Deposit Accounts
	  	$	                        	  
	 11.
	  	 Concentration Limits
	  	$	                        	  
	 12.
	  	 U.S. Government Accounts
	  	$	                        	  
	 13.
	  	 Promotion or Demo Accounts; Guaranteed Sale or Consignment Sale Accounts
	  	$	                        	  
	 14.
	  	 Accounts with Memo or Pre-Billings
	  	$	                        	  
	 15.
	  	 Contract Accounts; Accounts with Progress / Milestone Billings
	  	$	                        	  
	 16.
	  	 Accounts for Retainage Billings
	  	$	                        	  
	 17.
	  	 Trust / Bonded Accounts
	  	$	                        	  
	 18.
	  	 Bill and Hold Accounts
	  	$	                        	  
	 19.
	  	 Unbilled Accounts
	  	$	                        	  
	 20.
	  	 Non-Trade Accounts (If not already deducted above)
	  	$	                        	  
	 21.
	  	 Accounts with Extended Term Invoices (Net 90+)
	  	$	                        	  
	 22.
	  	 Chargebacks Accounts / Debit Memos
	  	$	                        	  
	 23.
	  	 Product Returns/Exchanges
	  	$	                        	  
	 24.
	  	 Disputed Accounts; Insolvent Account Debtor Accounts
	  	$	                        	  
	 25.
	  	 Other (Please explain on next page)
	  	$	                        	  
	 26.
	  	 TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS
	  	$	                        	  
	 * Except for up to $1,000,000.00 of Eligible Foreign Accounts
	  			
			
	 27.
	  	 Eligible Accounts (#4 minus #26)
	  	$	                        	  
	 28.
	  	 ELIGIBLE AMOUNT OF ACCOUNTS ( 80% of #27)
	  	$	                        	  
		
	 TRAILING THREE-MONTH HOSTING REVENUE
	  			
	 29.
	  	 Hosting Revenue and Term License Revenue for the Trailing Three-Month Period
	  	$	                        	  
	 30.
	  	 ELIGIBLE AMOUNT OF HOSTING REVENUE (80% of #29)
	  	$	                        	  
		
	 BALANCES
	  			
	 31.
	  	 Maximum Loan Amount
	  	$	                        	  
	 32.
	  	 Total Funds Available [Lesser of #31 or (#28 plus #30)]
	  	$	                        	  
	 33.
	  	 Present balance owing on Line of Credit
	  	$	                        	  
	 34.
	  	 Outstanding under Sublimits
	  	$	                        	  
	 35.
	  	 RESERVE POSITION (#32 minus #33 and #34)
	  	$	                        	  

 [Continued on following page.] 

  
 1 

 Explanatory comments from previous page: 

 
  
  

 
  

 
  

 
 The undersigned represents and
warrants that this is true, complete and correct, and that the information in this Borrowing Base Certificate complies with the representations and warranties in the Loan and Security Agreement between the undersigned and Silicon Valley Bank.

 

			
	  
	COMMENTS:
	
	Jive Software, Inc.

					
			
	By:	 	  
	 	
	Authorized Signer	 	

					
	Date:	 	  
	 	

			
	BANK USE ONLY
	Received by:	 	  

	 AUTHORIZED SIGNER  

			
	Date:	 	  

			
	Verified:	 	  

			
	 AUTHORIZED SIGNER  

			
	Date:	 	  

			
	Compliance Status:                        
                        Yes        No  

 

  
 2 

 EXHIBIT D 

COMPLIANCE CERTIFICATE 
  

					
	TO:	  	SILICON VALLEY BANK	  	Date:                      
	FROM:	  	JIVE SOFTWARE, INC.	  	

 The undersigned authorized officer of Jive Software, Inc. (“Borrower”)
certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”), (1) Borrower is in complete compliance for the period ending
                     with all required covenants except as noted below, (2) there are no Events of Default, (3) all representations and
warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified
or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date, (4) Borrower,
and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower except as otherwise permitted
pursuant to the terms of Section 5.9 of the Agreement, and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which- Borrower has not previously
provided written notification to Bank. Attached are the required documents supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained
in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is
determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under “Complies” column. 
  

							
	 Reporting Covenant
	  	 Required
	  	 Complies
	 	  
				
	Monthly financial statements with Compliance Certificate	  	Monthly within 30 days	  	    Yes   No    	 	
	Annual financial statement (CPA Audited) + CC	  	FYE within 150 days	  	Yes   No	 	
	10-Q, 10-K and 8-K	  	Within 5 days after filing with SEC	  	Yes   No	 	
	Borrowing Base Certificate A/R & A/P Agings with Deferred Revenue report	  	Monthly within 30 days	  	Yes   No	 	

  

									
	 Financial Covenant
	  	 Required
	  	 Actual
	 	 	 Complies

				
	 Maintain on a Monthly Basis:
	  		  				 	
	 Minimum Adjusted Quick Ratio
	  	1.5:1.0	  	 	    :1.0	  	 	Yes   No
	 Maximum Cumulative EBITDA Loss
	  	($12,000,000) from 7/1/10 through 12/31/10; ($5,500,000) from 1/1/11 through 6/30/11; and ($2,000,000) for each six-month period from and after 7/1/11.	  	($	                	) 	 	Yes   No

 The following financial covenant analyses and information set forth in Schedule 1
attached hereto are true and accurate as of the date of this Certificate. 

  
 1 

 The following are the exceptions with respect to the certification above: (If no exceptions
exist, state “No exceptions to note.”) 
  
  

 
  
  

 
  

 

 

			
	        Jive Software, Inc.

			
		
	        By:	 	  

			
	        Name:	 	  

			
	        Title:	 	  

			
	BANK USE ONLY
		
	Received by:	 	  

	 AUTHORIZED
SIGNER                    

			
	Date:	 	  

			
		
	Verified:	 	  

			
	 AUTHORIZED
SIGNER                    

			
	Date:	 	  

			
	
	Compliance Status:                        
            Yes        No  

 

  
 2 

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 
 In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 
 Dated:                       

 

	I.	Adjusted Quick Ratio (Section 6.7(a)) 

Required:             1.50:1.00 
 Actual: 
  

							
	 A.
	  	Aggregate value of the unrestricted cash and cash equivalents of Borrower and its Subsidiaries deposited with Bank or invested with its Affiliates and unrestricted cash or cash
equivalents deposited with or invested through a third party in investments with maturities of fewer than 12 months so long as a Control Agreement satisfactory to Bank has been executed and delivered with respect to such deposits or
investments	  	$	            	  
			
	 B.
	  	Aggregate value of the net billed accounts receivable of Borrower and its Subsidiaries	  	$	            	  
			
	 C.
	  	Aggregate value of the Investments with maturities of fewer than 12 months of Borrower and it Subsidiaries	  	$	            	  
			
	 D.
	  	Quick Assets (the sum of lines A through C)	  	$	            	  
			
	 E.
	  	Aggregate value of Obligations to Bank that mature within one (1) year	  	$	            	  
			
	 F.
	  	Aggregate value of liabilities that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness, and not otherwise
reflected in line E above that matures within one (1) year	  	$	            	  
			
	 G.
	  	Aggregate value of term loan Obligations to Bank that mature in more than one (1) year	  			
			
	 H.
	  	Liabilities (the sum of lines E through G)	  	$	            	  
			
	 I.
	  	Aggregate value of all amounts received or invoiced by Borrower in advance of performance under contracts and not yet recognized as revenue	  	$	            	  
			
	 J.
	  	Line H minus line 1	  	$	            	  
			
	 K.
	  	Adjusted Quick Ratio (line D divided by line J)	  			
		  		  	  
	  
	 

 Is line K equal to or greater than 1.50:1:00? 

 

			
	                 No, not in compliance	  	                Yes, in compliance

  

	II.	Maximum EBITDA Loss (Section 6.7(b)) 

 Required: The monthly cumulative maximum EBITDA Loss for each of the following six-month periods shall not exceed (i) ($12,000,000.00) during the period from July 1, 2010 through December 31,

  
 3 

 
2010; (ii) ($5,500,000.00) during the period from January 1, 2011 through June 30, 2011; and (iii) ($2,000,000.00) for each six-month period from and after July 1, 2011.

 Actual: 
  

									
	 A.
	  	Net Income of Borrower on a cumulative basis for the six-month period	  	$	            	  
			
	 B.
	  	To the extent included in the determination of Net Income for such six-month period	  			
		  	 1.      The provision for income taxes
	  	$	            	  
			
		  	 2.      Depreciation expense
	  	$	            	  
			
		  	 3.      Amortization expense
	  	$	            	  
			
		  	 4.      Interest expense
	  	$	            	  
			
		  	 5.      Non-cash stock compensation expense
	  	$	            	  
			
		  	 6.      The sum of lines 1 through 5
	  	$	            	  
			
	 C.
	  	EBITDA (line A plus line B.5)	  	$	            	  

 Is the amount of the loss in line C equal to or less than (i) ($12,000,000.00) during the period from July 1,
2010 through December 31, 2010; (ii) ($5,500,000.00) during the period from January 1, 2011 through June 30, 2011; and (iii) ($2,000,000.00) for each six-month period from and after July 1, 2011? 

 

			
	                No, not in compliance.	  	                Yes, in compliance

  
 4 

 FOURTH AMENDMENT 

TO 

AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

THIS FOURTH AMENDMENT to Amended and Restated Loan and Security Agreement (this “Amendment”) is
entered into this 31st day of March, 2011, by and between
Silicon Valley Bank (“Bank”) and Jive Software, Inc., a Delaware corporation f/k/a CoolServlets Inc. (“Borrower”) whose address is 915 SW Stark Street, Suite 400, Portland, OR 97205. 

RECITALS 
 A. Bank and Borrower have entered into that certain Amended and Restated Loan and Security Agreement with an Effective Date of October 14, 2008, as amended by that certain First Amendment to
Amended and Restated Loan and Security Agreement dated August 3, 2009, as amended by that certain Second Amendment to Amended and Restated Loan and Security Agreement dated April 6, 2010, as amended by that certain Third Amendment to
Amended and Restated Loan and Security Agreement dated September 24, 2010 (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 

B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C. Borrower has requested that Bank amend the Loan Agreement to (i) make a new equipment term loan; (ii) extend the
maturity of the Revolving Line; (iii) amend the Maximum EBITDA Loss covenant; and (iv) make certain other revisions to the Loan Agreement as more fully set forth herein. 

D. Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms,
subject to the conditions and in reliance upon the representations and warranties set forth below. 
 AGREEMENT

 NOW, THEREFORE, in consideration of the foregoing recitals and other good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 

2. Amendments to Loan Documents. 
 2.1 Section 2.1.9 (Fifth Term Loan). A new Section 2.1.9 is hereby added to the Loan Agreement as follows: 
 “2.1.9 Fifth Term Loan. 

  
 Page 68 –Fourth
Amendment to Amended and Restated Loan and Security Agreement 

 (a) Availability. Subject to the terms and conditions of this
Agreement, during the Fifth Term Loan Draw Period, Bank shall make advances (each, a “Fifth Term Loan Advance” and, collectively, “Fifth Term Loan Advances”) not exceeding the Fifth Term Loan Amount. Fifth Term Loan
Advances may only be used to finance Eligible Equipment and Tenant Improvements purchased within ninety (90) days (determined based upon the applicable invoice date of such Eligible Equipment and Tenant Improvements) before the date of each
Fifth Term Loan Advance. All Eligible Equipment must have been new when purchased by Borrower, except for such Eligible Equipment that is disclosed in writing to Bank by Borrower, and that Bank in its sole discretion has agreed to finance, prior to
being financed by Bank. No Fifth Term Loan Advance may exceed one hundred percent (100%) of the total invoice for Eligible Equipment (excluding taxes, shipping, warranty charges, freight discounts and installation expenses relating to such
Eligible Equipment except to the extent such are allowed to be financed pursuant hereto as Other Equipment) or the documented cost of any Tenant Improvements. Unless otherwise agreed to by Bank, not more than twenty-five percent (25%) of the
proceeds of the Fifth Term Loan shall be used to finance Other Equipment. After repayment, no Fifth Term Loan Advance may be reborrowed. 
 (b) Repayment. Borrower shall repay the Fifth Term Loan Advances as follows: (a) beginning on the first day of the month following the month in which the initial Funding Date occurs and
continuing on the first day of each month thereafter through the Fifth Term Loan Draw Period, Borrower shall pay interest-only payments, and (b) beginning on January 1, 2012, and continuing on the first day of each month thereafter until
the Fifth Term Loan Maturity Date, Borrower shall pay (i) thirty-six (36) equal installments of principal, plus (ii) monthly payments of accrued interest (collectively, the “Fifth Term Loan Payment”). Borrower’s
final Fifth Term Loan Payment, due on the Fifth Term Loan Maturity Date, shall include all outstanding principal and accrued and unpaid interest under the Fifth Term Loan. 

(c) Prepayment. At Borrower’s option, so long as an Event of Default has not occurred and is not continuing,
Borrower shall have the option to prepay, without penalty, all, or any portion, of the Fifth Term Loan Amount advanced by Bank under this Agreement, provided Borrower (a) provides written notice to Bank of its election to exercise to prepay the
Fifth Term Loan at least thirty (30) days prior to such prepayment, and (b) pays, on the date of the prepayment (i) all accrued and unpaid interest with respect to the Fifth Term Loan through the date the prepayment is made;
(ii) all or any portion of the unpaid principal with respect to the Fifth Term Loan; and (iii) all other sums, if any, that shall have become due and payable hereunder with respect to this Agreement.” 

2.2 Section 2.3(a)(vi) (Fifth Term Loan). A new Section 2.3(a)(vi) is hereby added to the Loan Agreement as follows: 

  
 Page 69 –Fourth
Amendment to Amended and Restated Loan and Security Agreement 

 “(vi) Fifth Term Loan. Subject to Section 2.3(b), the
principal amount outstanding under the Fifth Term Loan shall accrue interest at the following per annum rates: (i) if the Adjusted Quick Ratio is greater than or equal to 2.0 to 1.0, then the interest rate is 0.25 percentage point above the
Prime Rate; and (ii) if the Adjusted Quick Ratio is less than 2.0 to 1.0, then the interest rate is .50 percentage points above the Prime Rate. If any change in the interest rate is due to a change in the Adjusted Quick Ratio, the change shall
take effect on the first day of the month following the Bank’s receipt of Borrower’s financial statements for which the Adjusted Quick Ratio was calculated.” 
 2.3 Section 3.4(e) (Fifth Term Loan Advances). A new Section 3.4(e) is hereby added to the Loan Agreement as follows: 

“(e) Fifth Term Loan Advances. Subject to the prior satisfaction of all other applicable conditions to the
making of a Fifth Term Loan Advance set forth in this Agreement, to obtain a Fifth Term Loan Advance, Borrower must notify Bank (which notice shall be irrevocable) by electronic mail or facsimile no later than 12:00 p.m. Pacific time one
(1) Business Day before the proposed Funding Date. The notice shall be a Payment/Advance Form, must be signed by a Responsible Officer or designee, and shall include a copy of the invoice for the Equipment being financed or the Tenant
Improvement expenses incurred by Borrower. If Borrower satisfies the conditions of each Fifth Term Loan Advance, Bank shall disburse such Fifth Term Loan Advance by transfer to the Designated Deposit Account.” 

2.4 Section 6.2(a) (Financial Statements, Reports, Certificates). Section 6.2(a) is amended by deleting the existing
provision and replacing it with the following: 
 “(a) Deliver to Bank: (i) as soon as available, but no
later than thirty (30) days after the last day of each month, a company prepared consolidated balance sheet and income statement covering Borrower’s consolidated operations for such month certified by a Responsible Officer and in a form
acceptable to Bank, including an itemization of changes in the income statement due to increases or decreases in the valuation of warrants issued by Borrower; (ii) as soon as available, but no later than one hundred fifty (150) days after the last
day of Borrower’s fiscal year, audited consolidated financial statements prepared under GAAP, consistently applied, together with an unqualified opinion on the financial statements from an independent certified public accounting firm acceptable
to Bank in its reasonable discretion; (iii) within five (5) days of delivery, copies of all statements, reports and notices made available to Borrower’s security holders or to any holders of Subordinated Debt (iv) in the event that Borrower
becomes subject to the reporting requirements under the Securities Exchange Act of 1934, as amended, within five (5) days of filing, all reports on Form 10-K, 10-Q and 8 K filed with the Securities and Exchange Commission or a link thereto on
Borrower’s or another website on the Internet; (iv) a prompt report of any legal actions pending or threatened against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any

  
 Page 70 –Fourth
Amendment to Amended and Restated Loan and Security Agreement 

 
of its Subsidiaries of One Hundred Thousand Dollars ($100,000.00) or more; (v) prompt notice of an event that materially and adversely affects the value of the intellectual property; and
(vi) budgets, sales projections, operating plans and other financial information reasonably requested by Bank.” 

2.5 Section 6.7 (Financial Covenants). Section 6.7(b) is amended by deleting the existing provision and replacing it
with the following: 
 “(b) Maximum EBITDA Loss. The cumulative maximum EBITDA loss for each of the
following periods shall not exceed the following: (i) ($25,000,000.00) during the period from January 1, 2011 through September 30, 2011; and (ii) ($ 15,000,000.00) during the period from and after October 1, 2011. The
cumulative maximum EBITDA loss shall be measured monthly.” 
 2.6 Section 13.1 (Definitions). The following
terms and their definitions are amended by deleting such definitions and replacing them with the following: 

““Credit Extension” is any Advance, Term Loan, Second Term Loan Advances, Third Term Loan Advances,
Fourth Term Loan Advances, Fifth Term Loan Advances or any other extension of credit by Bank for Borrower’s benefit. 
 “EBITDA” shall mean (a) Net Income, less the amount of any decrease in the fair market value of warrants issued by Borrower included in the calculation of Net Income, plus
(b) Interest Expense, plus (c) to the extent deducted in the calculation of Net Income, depreciation expense, amortization expense, non-cash stock compensation expense and the amount of any increase in the fair market value of warrants
issued by Borrower, plus (d) income tax expense.” 
 “Financed Equipment” is all
present and future Eligible Equipment in which Borrower has any interest which is financed by a Second Term Loan Advance, Third Term Loan Advance, Fourth Term Loan Advance or Fifth Term Loan Advance. 

“Prime Rate” is the “prime rate” published in the Wall Street Journal; provided however, that
if the Wall Street Journal ceases its daily publication of the prime rate, then the “Prime Rate” shall mean the Bank’s most recently announced “prime rate,” even if it is not Bank’s lowest rate. 

“Revolving Line Maturity Date” is March     , 2013.” 

The following terms and their definitions are hereby added to the Loan Agreement in appropriate alphabetical order: 

““Fifth Term Loan” is a loan made by Bank pursuant to the terms of Section 2.1.9 hereof.

 “Fifth Term Loan Advance” is defined in Section 2.1.9(a). 

  
 Page 71 –Fourth
Amendment to Amended and Restated Loan and Security Agreement 

 “Fifth Term Loan Amount” is an amount equal to Two Million
Dollars ($2,000,000.00). 
 “Fifth Term Loan Draw Period” is the period of time from March
    , 2011 through the earlier to occur of (a) December 31, 2011, or (b) an Event of Default. 
 “Fifth Term Loan Maturity Date” is December 1, 2014. 
 “Fifth Term Loan Payment” is defined in Section 2.1.9(b).” 
 2.7 Exhibit D (Compliance Certificate). The Compliance Certificate attached to the Loan Agreement as Exhibit D is amended by deleting such certificate and replacing it with the Compliance
Certificate attached hereto as Exhibit D. 
 3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth herein and shall be limited
precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may
have in the future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection
with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and
effect. 
 4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and
warrants to Bank as follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and
warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as
of such date), and (b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and
authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents of Borrower delivered to Bank on the Effective Date, as amended by the Third Amended and Restated Certificate of Incorporation dated July 19, 2010, remain true,
accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

  
 Page 72 –Fourth
Amendment to Amended and Restated Loan and Security Agreement 

 4.4 The execution and delivery by Borrower of this Amendment and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The
execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting
Borrower, (b) any material contractual restriction with a Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or
(d) the organizational documents of Borrower; 
 4.6 The execution and delivery by Borrower of this Amendment and
the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by
any governmental or public body or authority, or subdivision thereof, binding on either Borrower, except as already has been obtained or made; and 
 4.7 This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such
enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

5. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be
deemed to constitute one and the same instrument. 
 6. Effectiveness. This Amendment shall be deemed effective upon
(a) the due execution and delivery to Bank of this Amendment by each party hereto and (b) Borrower’s payment of a fully-earned, nonrefundable Fifth Term Loan fee in an amount equal to $5,000.00, a fully-earned, nonrefundable Revolving
Line fee in an amount equal to $8,300.00 and Bank’s out-of-pocket expenses. The Revolving Line fee in the sum of $8,300.00 is the prorated fee for the first year of the two-year term, and the Revolving Line fee for each succeeding year is
$18,750.00. 
 UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY BANK CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH
ARE NOT FOR PERSONAL FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY BANK TO BE ENFORCEABLE. 

[Signature page follows] 

  
 Page 73 –Fourth
Amendment to Amended and Restated Loan and Security Agreement 

 IN WITNESS WHEREOF, the parties hereto
have caused this Amendment to be duly executed and delivered as of the date first written above. 
  

									
	BANK	 		 	BORROWER
			
	Silicon Valley Bank	 		 	Jive Software, Inc.
					
	By:	 	 /s/ TODD HARDY
	 		 	By:	 	 /s/ Bryan LeBlanc

	Name:	 	 TODD HARDY
	 		 	Name:	 	 Bryan LeBlanc

	Title:	 	 RELATIONSHIP MANAGER
	 		 	Title:	 	 Chief Financial Officer

  
 Page 74 –Fourth
Amendment to Amended and Restated Loan and Security Agreement 

 EXHIBIT D 

COMPLIANCE CERTIFICATE 
  

									
	TO:	  	SILICON VALLEY BANK	  		 	Date:	  	
	FROM:	  	JIVE SOFTWARE, INC.	  		 		  	

 The undersigned authorized officer of Jive Software, Inc. (“Borrower”) certifies that under the
terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”), (1) Borrower is in complete compliance for the period ending
                     with all required covenants except as noted below, (2) there are no Events of Default, (3) all representations and
warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified
or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date, (4) Borrower,
and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower except as otherwise permitted
pursuant to the terms of Section 5.9 of the Agreement, and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which Borrower has not previously
provided written notification to Bank. Attached are the required documents supporting the certification. The undersigned certifies that these arc prepared in accordance with GAAP consistently applied from one period to the next except as explained
in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is
determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under “Complies” column. 
  

					
	 Reporting Covenant
	  	 Required
	  	 Complies

			
	Monthly financial statements with Compliance Certificate	  	Monthly within 30 days	  	Yes     No
	Annual financial statement (CPA Audited) + CC	  	FYE within 150 days	  	Yes     No
	10-Q, 10-K and 8-K	  	Within 5 days alter filing with SEC	  	Yes     No
	Borrowing Base Certificate A/R & A/P Agings with Deferred Revenue report	  	Monthly within 30 days	  	Yes     No

  

									
	 Financial Covenant
	  	 Required
	  	 Actual
	 	 	 Complies

	 Maintain on a Monthly Basis:
	  		  				 	
	 Minimum Adjusted Quick Ratio
	  	1.5:1.0	  	 	        :1.0	  	 	Yes     No
	 Maximum Cumulative EBITDA Loss
	  	($25,000,000) from 1/1/11 through 9/30/11; and ($15,000,000) from and after 10/1/11.	  	($	            	) 	 	Yes     No

 The following financial covenant analyses and information set forth in Schedule 1 attached hereto are
true and accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the certification
above: (If no exceptions exist, state “No exceptions to note.”) 

  
 1 

	
	 
	
	 
	
	 

							
				
	 	 		 		 	

 

			
	Jive Software, Inc.
		
		  	
	By:	  	 /s/ Bryan LeBlanc

	Name:	  	 Bryan LeBlanc

	Title:	  	 Chief Financial Officer

		  	

			
	BANK USE ONLY
		
	Received by:	  	  

		  	AUTHORIZED SIGNER
	Date:	  	  

		  	
	Verified:	  	  

		  	AUTHORIZED SIGNER
	Date:	  	  

			
		
	Compliance Status:	  	Yes        No

 

  
 2 

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 
 In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 
 Dated:                      

 

	I.	Adjusted Quick Ratio (Section 6.7(a)) 

  

			
	Required:	  	1.50:1.00
		
	Actual:	  	

							
			
	 A.
	  	Aggregate value of the unrestricted cash and cash equivalents of Borrower and its Subsidiaries deposited with Bank or invested with its Affiliates and unrestricted cash or cash
equivalents deposited with or invested through a third party in investments with maturities of fewer than 12 months so long as a Control Agreement satisfactory to Bank has been executed and delivered with respect to such deposits or
investments	  	$	            	  
		  		  	  
	  
	 
			
	 B.
	  	Aggregate value of the net billed accounts receivable of Borrower and its Subsidiaries	  	$	            	  
		  		  	  
	  
	 
			
	 C.
	  	Aggregate value of the Investments with maturities of fewer than 12 months of Borrower and it Subsidiaries	  	$	 	  
		  		  	  
	  
	 
			
	 D.
	  	Quick Assets (the sum of lines A through C)	  	$	 	  
		  		  	  
	  
	 
			
	 E.
	  	Aggregate value of Obligations to Bank that mature within one (1) year	  	$	 	  
		  		  	  
	  
	 
			
	 F.
	  	Aggregate value of liabilities that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness, and not otherwise
reflected in line E above that matures within one (1) year	  	$	 	  
		  		  	  
	  
	 
			
	 G.
	  	Aggregate value of term loan Obligations to Bank that mature in more than one (1) year	  			
			
	 H.
	  	Liabilities (the sum of lines E through G)	  	$	 	  
		  		  	  
	  
	 
			
	 I.
	  	Aggregate value of all amounts received or invoiced by Borrower in advance of performance under contracts and not yet recognized as revenue	  	$	 	  
		  		  	  
	  
	 
			
	 J
	  	Line H minus line I	  	$	 	  
		  		  	  
	  
	 
			
	 K.
	  	Adjusted Quick Ratio (line D divided by line J)	  			
		  		  	  
	  
	 

  

			
	 Is line K equal to or greater than 1.50:1:00?
	  	
		
	             No, not in compliance	  	              Yes, in compliance

  

	II.	Maximum EBITDA Loss (Section 6.7(b)) 

Required:              The monthly cumulative maximum EBITDA Loss for each of the following
periods shall not exceed (i) ($25,000,000.00) during the period from January 1, 2011 through September 30, 2011; and (ii) ($15,000,000.00) during the period from and after October 1, 2011. 

  
 3 

 Actual: 
  

							
	 A.
	  	Net Income of Borrower on a cumulative basis for the applicable period	  	$	            	  
		  		  	  
	  
	 
			
	 B.
	  	To the extent included in the determination of Net Income for such period, any decrease in the fair market value of warrants issued by Borrower	  	$	 	  
		  		  	  
	  
	 
			
	 C.
	  	Adjusted Net Income (line A minus line B)	  	$	 	  
		  		  	  
	  
	 
			
	 D.
	  	To the extent included in the determination of Net Income for such period	  			
			
		  	 1.      The provision for income taxes
	  	$	 	  
		  		  	  
	  
	 
			
		  	 2.      Depreciation expense
	  	$	 	  
		  		  	  
	  
	 
			
		  	 3.      Amortization expense
	  	$	 	  
		  		  	  
	  
	 
			
		  	 4.      Interest expense
	  	$	 	  
		  		  	  
	  
	 
			
		  	 5.      Non-cash stock compensation expense
	  	$	 	  
		  		  	  
	  
	 
			
		  	 6.      Any increase in the fair market value of warrants issued by Borrower
	  	$	 	  
		  		  	  
	  
	 
			
		  	 7.      The sum of lines 1 through 6
	  	$	 	  
		  		  	  
	  
	 
			
	 E.
	  	EBITDA (line C plus line D.7)	  	$	 	  
		  		  	  
	  
	 

 Is the amount of the loss in line E equal to or less than (i) ($25,000,000.00) during the period
from January 1, 2011 through September 30, 2011; and (ii) ($15,000,000.00) during the period from and after October 1, 2011? 
  

			
	             No, not in compliance	  	              Yes, in compliance

  
 4 

 FIFTH LOAN MODIFICATION AGREEMENT 

This Fifth Loan Modification Agreement (this “Loan Modification Agreement”) is entered into as of May 17, 2011 by and
between (a) SILICON VALLEY BANK, a California corporation (“Bank”), with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 and (b) JIVE SOFTWARE, INC., a Delaware corporation
(“Borrower”), with its principal place of business at 915 SW Stark Street, Suite 400, Portland, Oregon 97205. 
 1. DESCRIPTION OF
EXISTING INDEBTEDNESS AND OBLIGATIONS. Borrower is indebted to Bank pursuant to a loan arrangement dated as of October 14, 2008, evidenced by, among other documents, a certain Amended and Restated Loan and Security Agreement dated as of
October 14, 2008, as amended by that certain First Amendment to Amended and Restated Loan and Security Agreement dated as of August 3, 2009, as further amended by that certain Second Amendment to Amended and Restated Loan and Security
Agreement dated as of April 6, 2010, as further amended by that certain Third Amendment to Amended and Restated Loan and Security Agreement dated as of September 24, 2010, and as further amended by that certain Fourth Amendment to Amended
and Restated Loan and Security Agreement dated as of March 31, 2011 (the “Fourth Amendment”) (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). Capitalized terms
used but not otherwise defined herein shall have the same meaning as in the Loan Agreement. 
 2. DESCRIPTION OF COLLATERAL. Repayment of
the Obligations is secured by the Collateral as described in the Loan Agreement (together with any other collateral security granted to Bank, the “Security Documents”). Hereinafter, the Security Documents, together with all other documents
evidencing or securing the Obligations shall be referred to as the “Existing Loan Documents”. 
 3. DESCRIPTION OF CHANGE IN
TERMS. 
  

	 	A.	Modification to Loan Agreement. 

  

	 	1	Borrower acknowledges and agrees that, notwithstanding any terms in the Loan Agreement to the contrary, as of the date hereof and at all times thereafter, Borrower may
not request, and Bank has no obligation to make, any Credit Extension pursuant to Sections 2.1.5, 2.1.6, 2.1.7, 2.1.8 and/or 2.1.9, and any draw period in the Loan Agreement providing for any availability under any one of those sections shall be
deemed to be terminated. 

  

	 	2	Bank’s security interest in the assets of Borrower securing the Obligations of Borrower to Bank under the 2011 Mezzanine Term Advance shall be junior and
subordinate to Bank’s security interest in the assets of Borrower securing the Obligations of Borrower to Bank under the Revolving Line and the 2011 Senior Term Advance. 

 

	 	3	Borrower shall deliver to Bank, within thirty (30) days of the date of this Loan Modification Agreement, fully-executed landlord’s consents in form and substance
acceptable to Bank in Bank’s sole discretion with respect to each of the following locations: (a) 915 SW Stark Street, Suite 400, Portland, Oregon 97205; (b) 325 Lytton Avenue, Suite 200, Palo Alto, California 94301; (c) 133 Pearl Street, Suite
310, Boulder, Colorado 80302; and (d) 3431 North Windsor Drive, Aurora, Colorado 80011. The failure of Borrower to comply with this requirement shall result in an immediate Event of Default under the Loan Agreement for which there shall be no grace
or cure period. 

	 	4	 The Loan Agreement shall be amended by inserting the following new Sections 2.1.10 and 2.1.11, appearing immediately after Section 2.1.9
thereof: 

 “ 2.1.10 2011 Senior Term Loan. 

(a) Availability. Subject to the terms and conditions of this Agreement, on the 2011 Effective
Date Borrower may request, and Bank shall thereafter make, one (1) term loan in an aggregate amount equal to Fifteen Million Dollars ($15,000,000.00) (the “2011 Senior Term Advance”). The proceeds of the 2011 Senior Term
Advance shall be used to repay in full all Obligations with respect to all Credit Extensions made pursuant to Sections 2.1.5, 2.1.6, 2.1.7, 2.1.8 and 2.1.9 (including, without limitation, all principal and interest with respect to such Credit
Extensions) and, in connection therewith, Borrower hereby authorizes Bank to withhold a portion of the 2011 Senior Term Advance to apply it to such Obligations in order to effectuate such required paydown. After repayment, the 2011 Senior Term
Advance (or any portion thereof) may not be re-borrowed. 
 (b)
Repayment. Beginning on the first
(1st) calendar day of the month following the month
in which the Funding Date for the 2011 Senior Term Advance occurs, and continuing on the first (1st) calendar day of each month thereafter, Borrower shall repay the 2011 Senior Term Advance in (i) forty-eight (48) installments of principal in an amount equal to (A) Two Hundred Fifty
Thousand Dollars ($250,000.00) per month for the first twenty-four (24) payments and (B) Three Hundred Seventy Five Thousand Dollars ($375,000.00) per month for the final twenty-four (24) payments, plus (ii) monthly payments of
accrued interest at the rate set forth in Section 2.3(a)(vii) (each, a “2011 Senior Term Advance Payment”). Borrower’s final 2011 Senior Term Advance Payment, due on the 2011 Senior Term Advance Maturity Date, shall
include all outstanding principal and accrued and unpaid interest with respect the 2011 Senior Term Advance Payment. 
 (c) Prepayment. At Borrower’s option, Borrower shall have the option to prepay, without penalty, all, or any portion, of the 2011 Senior Term Advance, provided Borrower
(i) provides written notice to Bank of its election to exercise to prepay the 2011 Senior Term Advance at least thirty (30) days prior to such prepayment, and (ii) pays, on the date of the prepayment (A) all accrued and unpaid
interest with respect to the 2011 Senior Term Advance through the date the prepayment is made; (B) all or any portion of the unpaid principal with respect to the 2011 Senior Term Advance; and (C) all other sums, if any, that shall have
become due and payable hereunder with respect to the 2011 Senior Term Advance. 
 2.1.11
2011 Mezzanine Term Loan. 
 (a) Availability. Subject to the terms and
conditions of this Agreement, on the 2011 Effective Date Borrower may request, and Bank shall thereafter make, one (1) term loan in an aggregate amount equal to Fifteen Million Dollars ($15,000,000.00) (the “2011 Mezzanine Term
Advance”). After repayment, the 2011 Mezzanine Term Advance (or any portion thereof) may not be re-borrowed. 

 (b) Repayment. 

(i) Commencing on the first
(1st) calendar day of the month following the month
in which the Funding Date for the 2011 Mezzanine Term Advance occurs, and continuing on the first (1st) calendar day of each month thereafter, Borrower shall make monthly payments of interest at the rate set forth in Section 2.3(a)(viii). 

(ii) Commencing on April 1, 2013, and continuing on the first (1st) calendar day of each month thereafter, Borrower shall repay
the 2011 Mezzanine Term Advance in (A) thirty six (36) equal monthly installments of principal, plus (B) monthly payments of accrued and unpaid interest at the rate set forth in Section 2.3(a)(viii) (each, a “2011
Mezzanine Term Advance Payment”). Borrower’s final 2011 Mezzanine Term Advance Payment, due on the 2011 Mezzanine Term Advance Maturity Date, shall include all outstanding principal and accrued and unpaid interest with respect the 2011
Mezzanine Term Advance Payment. 
 (c) Prepayment. At Borrower’s option, Borrower shall have the
option to prepay, without penalty, all, or any portion, of the 2011 Mezzanine Term Advance, provided Borrower (i) provides written notice to Bank of its election to exercise to prepay the 2011 Mezzanine Term Advance at least thirty
(30) days prior to such prepayment, and (ii) pays, on the date of the prepayment (A) all accrued and unpaid interest with respect to the 2011 Mezzanine Term Advance through the date the prepayment is made; (B) all or any portion
of the unpaid principal with respect to the 2011 Mezzanine Term Advance; and (C) all other sums, if any, that shall have become due and payable hereunder with respect to the 2011 Mezzanine Term Advance.” 

 

	 	5	The Loan Agreement shall be amended by inserting the following text appearing at the end of Section 2.3(a) thereof: 

“ (vii) 2011 Senior Term Advance. Subject to Section 2.3(b), the principal amount outstanding under
the 2011 Senior Term Advance shall accrue interest at the following per annum rates: (a) if the Adjusted Quick Ratio is greater than or equal to 2.0 to 1.0, then the interest rate is 0.375% above the Prime Rate; and (b) if the Adjusted
Quick Ratio is less than 2.0 to 1.0, then the interest rate is 0.625% above the Prime Rate. If any change in the interest rate is due to a change in the Adjusted Quick Ratio, the change shall take effect on the first (1st) calendar day of the month following the Bank’s receipt of
Borrower’s financial statements for which the Adjusted Quick Ratio was calculated. 
 (viii) 2011
Mezzanine Term Advance. Subject to Section 2.3(b), the principal amount outstanding under the 2011 Mezzanine Term Advance shall accrue interest at a fixed per annum rate equal to 10.0%.” 

 

	 	6	The Loan Agreement shall be amended by inserting the following text appearing at the end of Section 3.4 thereof: 

 “ (f) 2011 Senior Term Advance. Subject to the prior satisfaction of all other
applicable conditions to the making of the 2011 Senior Term Advance set forth in this Agreement, to obtain the 2011 Senior Term Advance, Borrower must notify Bank (which notice shall be irrevocable) by electronic mail or facsimile no later than
12:00 p.m. Pacific time one (1) Business Day before the proposed Funding Date. The notice shall be a Payment/Advance Form and must be signed by a Responsible Officer or designee. If Borrower satisfies the conditions of this Agreement to receive
the 2011 Senior Term Advance, Bank shall disburse the 2011 Senior Term Advance by transfer to the Designated Deposit Account (except for amounts to be withheld as contemplated by Section 2.1.10(a). 

(g) 2011 Mezzanine Term Advance. Subject to the prior satisfaction of all other applicable conditions to the
making of the 2011 Mezzanine Term Advance set forth in this Agreement, to obtain the 2011 Mezzanine Term Advance, Borrower must notify Bank (which notice shall be irrevocable) by electronic mail or facsimile no later than 12:00 p.m. Pacific time one
(1) Business Day before the proposed Funding Date. The notice shall be a Payment/Advance Form and must be signed by a Responsible Officer or designee. If Borrower satisfies the conditions of this Agreement to receive the 2011 Mezzanine Term
Advance, Bank shall disburse the 2011 Mezzanine Term Advance by transfer to the Designated Deposit Account.” 
  

	 	7	The Loan Agreement shall be amended by inserting the following text, appearing at the end of Section 6.2 thereof: 

“ (e) As soon as available, but no later than thirty (30) days after the last day of each quarter, a company prepared
consolidating balance sheet and income statement covering Borrower’s and each of its Subsidiaries’ consolidating operations for such quarter certified by a Responsible Officer and in a form acceptable to Bank.” 

 

	 	8	The Loan Agreement shall be amended by deleting the following appearing as Section 6.6 thereof: 

“ 6.6 Operating Accounts. 
 (a) Borrower will maintain its primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates. 

(b) Provide Bank five (5) days prior written notice before establishing any Collateral Account at or with any bank or
financial institution other than Bank or Bank’s Affiliates. For each Collateral Account that Borrower at any time maintains, Borrower shall cause the applicable bank or financial institution (other than Bank) at or with which any Collateral
Account is maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such Collateral Account to perfect Bank’s Lien in such Collateral Account in accordance with the terms hereunder. The provisions of
the previous sentence shall not apply to deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to 

 
or for the benefit of Borrower’s employees and identified to Bank by Borrower as such.” 
 and inserting in lieu thereof the following 
 “ 6.6 Accounts;
Investments. 
 (a) Borrower will maintain its primary operating, depository and securities/investment
accounts with Bank and Bank’s Affiliates. In addition to and without limiting the foregoing, Borrower shall also use Bank as its registered investment advisor. 

(b) Provide Bank five (5) days prior written notice before establishing any Collateral Account at or with any bank
or financial institution other than Bank or Bank’s Affiliates. For each Collateral Account that Borrower at any time maintains, Borrower shall cause the applicable bank or financial institution (other than Bank) at or with which any Collateral
Account is maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such Collateral Account to perfect Bank’s Lien in such Collateral Account in accordance with the terms hereunder. The provisions of
the previous sentence shall not apply to (i) deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such
or (ii) Borrower’s account maintained with Square 1 Bank (account number 110909) so long as the aggregate amount of funds in such account does not exceed Fifty Thousand Dollars ($50,000.00).” 

 

	 	9	The Loan Agreement shall be amended by deleting the following appearing as Section 6.7 thereof: 

“ 6.7 Financial Covenants. 
 Borrower shall maintain at all times, to be tested as of the last day of each month, unless otherwise noted: 
 (a) Adjusted Quick Ratio. A ratio of Quick Assets to Current Liabilities plus Long Term Liabilities minus Deferred Revenue of at least 1.5 to 1.0. 

(b) Maximum EBITDA Loss. The cumulative maximum EBITDA loss for each of the following periods shall not exceed the
following: (i) ($25,000,000.00) during the period from January 1, 2011 through September 30, 2011; and (ii) ($15,000,000.00) during the period from and after October 1, 2011. The cumulative maximum EBITDA loss shall be
measured monthly.” 
 and inserting in lieu thereof the following: 

“ 6.7 Financial Covenants. 
 Borrower shall maintain at all times, to be tested as of the last day of each month: 

 (a) Liquidity Ratio. A Liquidity Ratio of at least 2.0 to 1.0.

 (b) Adjusted EBITDA. Adjusted EBITDA (i) on a cumulative basis (which cumulative period shall
commence on April 1, 2011) of at least ($5,000,000.00) through and including December 31, 2011, and (ii) on a rolling three-month basis of at least $1,000,000.00 at all times thereafter.” 

 

	 	10	The Loan Agreement shall be amended by deleting the following appearing as Section 7.3 thereof: 

“ 7.3 Mergers or Acquisitions. Merge or consolidate, or permit any of its Subsidiaries to merge or consolidate, with any
other Person, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or property of another Person except where (a) total annual consideration including cash and the value of any non-cash
consideration, for all such transactions does not in the aggregate exceed Five Million Dollars ($5,000,000) in any fiscal year of Borrower; (b) no Event of Default has occurred and is continuing or would exist after giving effect to the
transactions; (c) Borrower is the surviving legal entity; (d) Borrower, on a consolidated basis, is in compliance on a Pro Forma Basis, with the applicable financial covenants in Section 6.7, recomputed as of the last day of the most
recently ended fiscal quarter; (e) the target company is in the same or similar line of business to that of Borrower; and (f) the acquisition of the target company shall be a voluntary transaction and not a hostile takeover or acquisition.
For purposes of this Agreement, the term “Pro Forma Basis” means, for any acquisition that occurs subsequent to the commencement of a period for which the financial effect of such transaction is being calculated, and giving effect to the
transaction for which such calculation is being made, such calculation as shall give pro forma effect to such acquisition (and any related incurrence or repayment of Indebtedness) as if it occurred on the first day of the fiscal quarter period for
which such calculation is being made (including cost savings to the extent such cost savings would be permitted to be reflected in pro forma financial information complying with the requirements of GAAP). A Subsidiary may merge or consolidate into
another Subsidiary or into Borrower.” 
 and inserting in lieu thereof the following: 

“ 7.3 Mergers or Acquisitions. Merge or consolidate, or permit any of its Subsidiaries to merge or consolidate, with any
other Person, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or property of another Person, provided, however, (a) on and after January 1, 2012 until the occurrence of a Qualified IPO,
Borrower may complete acquisitions meeting all of the following conditions: (i) total annual consideration including cash and the value of any non-cash consideration, for all such transactions does not in the aggregate exceed One Million Five
Hundred Thousand Dollars ($1,500,000) in any fiscal year of Borrower; (ii) no Event of Default has occurred and is continuing or would exist after giving effect to the transactions; (iii) Borrower is the surviving legal entity or the surviving
parent company of the acquired target company; (iv) Borrower, on a consolidated basis, is in compliance on a Pro Forma Basis, with the applicable financial 

 
covenants in Section 6.7, recomputed as of the last day of the most recently ended fiscal quarter; (v) the target company is in the same or similar line of business to that of Borrower;
and (vi) the acquisition of the target company shall be a voluntary transaction and not a hostile takeover or acquisition; and (b) after a Qualified IPO, Borrower may complete acquisitions meeting all of the following conditions:
(i) no Event of Default has occurred and is continuing or would exist after giving effect to the transactions; (ii) the acquisition of the target company is accretive in all respects; (iii) Borrower is the surviving legal entity or
the surviving parent company of the acquired target company; (iv) to the extent that the total consideration (including cash and the value of any noncash consideration) for the contemplated acquisition exceeds Five Million Dollars
($5,000,000.00), Borrower is in compliance on a Pro Forma Basis with all covenants in this Agreement; (v) the target company is in the same or similar line of business to that of Borrower; (vi) the acquisition of the target company shall
be a voluntary transaction and not a hostile takeover or acquisition; and (vii) Borrower has at least Thirty Million Dollars ($30,000,000.00) in unrestricted and unencumbered cash with Bank both before and after giving effect to the acquisition
(including, without limitation, after payment in full of the purchase price in connection with such acquisition). Notwithstanding the foregoing, within thirty (30) days of the 2011 Effective Date, Borrower may complete the acquisition
contemplated by “Project Omni” as disclosed to Bank as of the 2011 Effective Date so long as it meets all of the following conditions: (i) no Event of Default has occurred and is continuing or would exist after giving effect to such
transaction; (ii) Borrower is the surviving legal entity or the surviving parent company of the target in connection with such acquisition; (iii) Borrower, on a consolidated basis, is in compliance on a Pro Forma Basis, with the applicable
financial covenants in Section 6.7, recomputed as of the last day of the most recently ended fiscal quarter; (iv) the target in connection with such acquisition is in the same or similar line of business to that of Borrower; (v) the
acquisition of such target shall be a voluntary transaction and not a hostile takeover or acquisition; and (vi) the total aggregate cash consideration for such transaction does not exceed Twenty-Three Million Dollars ($23,000,000.00). For
purposes of this Agreement, the term “Pro Forma Basis” means, for any acquisition that occurs subsequent to the commencement of a period for which the financial effect of such transaction is being calculated, and giving effect to the
transaction for which such calculation or determination is being made, such calculation or determination shall give pro forma effect to such acquisition (and any related incurrence or repayment of Indebtedness) as if it occurred on the first day of
the period for which such calculation is being made (including cost savings to the extent such cost savings would be permitted to be reflected in pro forma financial information complying with the requirements of GAAP). A Subsidiary may merge or
consolidate into another Subsidiary or into Borrower.” 
  

	 	11	The Loan Agreement shall be amended by deleting the following appearing as Section 8.1 thereof: 

“ 8.1 Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its
due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) day grace period shall not apply to payments due on the Revolving Line Maturity Date, Term Loan
Maturity Date, Second Term Loan Maturity Date and Third Term Loan Maturity Date). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);”

 and inserting in lieu thereof the following: 

“ 8.1 Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its
due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) day grace period shall not apply to payments due on the Revolving Line Maturity Date, 2011 Senior
Term Advance Maturity Date, or the 2011 Mezzanine Term Advance Maturity Date). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);”

  

	 	12	The Loan Agreement shall be amended by deleting the following text, appearing in Section 9.1 thereof: 

“ (a) declare all Obligations immediately due and payable (but if an Event of Default described in Section 8.5 occurs all
Obligations are immediately due and payable without any action by Bank);” 
 and inserting in lieu thereof the following:

 “ (a) declare all Obligations immediately due and payable (but if an Event of Default described in Section 8.5
occurs all Obligations are immediately due and payable without any action by Bank). Notwithstanding the foregoing, Bank will not be able to declare the Obligations with respect to the 2011 Mezzanine Term Advance immediately due and payable if the
only Event of Default that exists is either (i) pursuant to Section 8.1 solely as a result of Borrower’s failure to make a timely payment on account of Obligations pertaining solely to Credit Extensions made pursuant to Sections
2.1.1,2.1.2, 2.1.3, 2.1.4, and/or 2.1.10, or (b) pursuant to Section 8.2 solely as a result of Borrower failing to comply with either Section 6.6(a) or 6.7;” 

 

	 	13	The Loan Agreement shall be amended by deleting the following text, appearing in Section 9.1 thereof: 

“ (j) exercise all rights and remedies available to Bank under the Loan Documents or at law or equity, including all remedies
provided under the Code (including disposal of the Collateral pursuant to the terms thereof).” 
 and inserting in lieu
thereof the following: 
 “ (j) terminate any FX Forward Contracts; and 

(k) exercise all rights and remedies available to Bank under the Loan Documents or at law or equity, including all
remedies provided under the Code (including disposal of the Collateral pursuant to the terms thereof).” 
  

	 	14	The definition of “Permitted Investments” in Section 13.1 of the Loan Agreement shall be amended by inserting the following new clause (j):

 “ (j) Investments permitted by Section 7.3, including the formation of any
Subsidiary in connection with such Investment and the capitalization of such Subsidiary in any amounts necessary to consummate the acquisition permitted by Section 7.3, whether by capital contribution or intercompany loans, but in any case
specifically excluding any Investments in any such Subsidiaries after any such acquisition unless otherwise permitted by subsection (f) of this definition of Permitted Investments.” 

 

	 	15	The Loan Agreement shall be amended by inserting the following new definitions appearing alphabetically in Section 13.1 thereof: 

“ “2011 Effective Date” is May 17 2011.” 

“ “2011 Mezzanine Term Advance” is defined in Section 2.1.11.” 

“ “2011 Mezzanine Term Advance Maturity Date” is March 1, 2016.” 

“ “2011 Mezzanine Term Advance Payment” is defined in Section 2.1.11.” 

“ “2011 Senior Term Advance” is defined in Section 2.1.10.” 

“ “2011 Senior Term Advance Maturity Date” is the first (1st) calendar day of the month that is the forty-eighth (48th) month following the Funding Date for the 2011 Senior Term
Advance.” 
 “ “2011 Senior Term Advance Payment” is defined in Section 2.1.10.”

 “ “Adjusted EBITDA” shall mean, for any period of determination, (a) Borrower’s earnings (as
determined in accordance with GAAP) plus (b) to the extent deducted in the calculation of Borrower’s earnings, Interest Expense, income tax expense, depreciation expense, amortization expense and non-cash stock compensation expense, plus
(c) the change in Borrower’s Deferred Revenue minus (d) unfunded capital expenditures.” 
 “
“Adjusted Quick Ratio” is the ratio of (a) Quick Assets to (b) Current Liabilities minus Deferred Revenue.” 
 “ “Funded Debt” is all (a) borrowed money (whether direct or indirect) incurred, assumed, or guaranteed, plus (b) all capital lease obligations, plus (c) all synthetic
leases, plus (d) all obligations, contingent or otherwise, under any letters of credit, plus (e) all obligations for the deferred purchase price of capital assets, plus (f) all obligations under conditional sales agreements; provided,
however, Funded Debt shall not include (i) Borrower’s operating leases, (ii) Borrower’s obligations under guarantees provided in respect of operating leases of Borrower’s Subsidiaries and (iii) the Obligations owing to
Bank with respect to the 2011 Mezzanine Term Advance.” 
 “ “Liquidity Ratio” is a ratio of
Borrower’s (a) unrestricted and unencumbered cash maintained with Bank plus Eligible Accounts to (b) Funded Debt.” 

 “ “Qualified IPO” is Borrower’s initial, underwritten offering
and sale of its securities to the public pursuant to an effective registration statement under the Securities Act of 1933, as amended, resulting in total aggregate cash proceeds actually received by Borrower (net of all legal and accounting fees and
disbursements and all underwriter, broker, finder and investment banker fees, discounts and commissions) of at least Seventy Five Million Dollars ($75,000,000.00).” 

 

	 	16	The Loan Agreement shall be amended by deleting the following definition appearing in Section 13.1 thereof: 

“ “Borrowing Base” means (a) 80% of Eligible Accounts, as determined by Bank from Borrower’s most recent
Borrowing Base Certificate, which may include not more than $1,000,000.00 of Eligible Foreign Accounts; and (b) 80% of the Borrower’s hosting revenue and term license revenue for the trailing three-month period; provided, however, that
Bank may decrease the foregoing percentages in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect Collateral.” 

“ “Credit Extension” is any Advance, Term Loan, Second Term Loan Advances, Third Term Loan Advances, Fourth Term
Loan Advances, Fifth Term Loan Advances or any other extension of credit by Bank for Borrower’s benefit.” 
 “
“Current Liabilities” are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.” 

“ “Revolving Line” is an Advance or Advances in an amount equal to Ten Million Dollars ($10,000,000.00).”

 “ “Revolving Line Maturity Date” is March     , 2013.” 

“ “Total Liabilities” is on any day, obligations that should, under GAAP, be classified as liabilities on
Borrower’s consolidated balance sheet, including all Indebtedness, and current portion of Subordinated Debt permitted by Bank to be paid by Borrower, but excluding all other Subordinated Debt.” 

And inserting in lieu thereof the following: 
 “ “Borrowing Base” means 80% of Eligible Accounts, as determined by Bank from Borrower’s most recent Borrowing Base Certificate, which may include not more than $1,000,000.00 of
Eligible Foreign Accounts; provided, however, that Bank may decrease the foregoing percentage in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect
Collateral.” 
 “ “Credit Extension” is any Advance, Letter of Credit, FX Forward Contract, amount
utilized for Cash Management Services, the 2011 Senior Term Advance, the 2011 Mezzanine Term Advance, or any other extension of credit by Bank for Borrower’s benefit.” 

 “ “Current Liabilities” are all obligations and liabilities of
Borrower to Bank (excluding, however, the portion of the 2011 Mezzanine Term Advance that is due and payable more than one (1) year from any date of determination), plus, without duplication, the aggregate amount of Borrower’s Total
Liabilities that mature within one (1) year.” 
 “ “Revolving Line” is an amount equal to the
lesser of (a) Thirty Five Million Dollars ($35,000,000.00) minus all Obligations with respect to the 2011 Senior Term Advance and the 2011 Mezzanine Term Advance and (b) Ten Million Dollars ($10,000,000.00).” 

“ “Revolving Line Maturity Date” is March 31, 2013.” 

“ “Total Liabilities” is on any day, obligations that should, under GAAP, be classified as liabilities on
Borrower’s consolidated balance sheet, including all Indebtedness.” 
  

	 	17	The Loan Agreement shall be amended by deleting the following text, appearing on Exhibit A thereto: 

“Notwithstanding the foregoing, the Collateral does not include any of the following, whether now owned or hereafter acquired: any
copyright rights, copyright applications, copyright registrations and like protections in each work of authorship and derivative work, whether published or unpublished, any patents, patent applications and like protections, including improvements,
divisions, continuations, renewals, reissues, extensions, and continuations-in- part of the same, trademarks, service marks and, to the extent permitted under applicable law, any applications therefor, whether registered or not, and the goodwill of
the business of Borrower connected with and symbolized thereby, know-how, operating manuals, trade secret rights, rights to unpatented inventions, and any claims for damage by way of any past, present, or future infringement of any of the foregoing;
provided, however, the Collateral shall include all Accounts, license and royalty fees and other revenues, proceeds, or income arising out of or relating to any of the foregoing.” 

and inserting in lieu thereof the following: 
 Notwithstanding the foregoing, the Collateral does not include any of the following, whether now owned or hereafter acquired: (a) more than sixty-five percent (65.0%) of the presently existing
and hereafter arising issued and outstanding shares of capital stock owned by Borrower of any Subsidiary not organized in the United States or any state thereof which shares entitle the holder thereof to vote for directors or any other matter; or
(b) any copyright rights, copyright applications, copyright registrations and like protections in each work of authorship and derivative work, whether published or unpublished, any patents, patent applications and like protections, including
improvements, divisions, continuations, renewals, reissues, extensions, and continuations-in- part of the same, trademarks, service marks and, to the extent permitted under applicable law, any applications therefor, whether registered or not, and
the goodwill of the business of Borrower connected with and symbolized thereby, know-how, operating manuals, trade secret rights, rights to unpatented inventions, and any claims for damage by way of any past, present, or future infringement of any
of the foregoing; provided, however, the Collateral shall include all Accounts, license and royalty fees and other revenues, proceeds, or income arising out of or relating to any of the foregoing. 

	 	18	The Borrowing Base Certificate attached to the Loan Agreement as Exhibit C is amended by deleting such certificate and replacing it with the Borrowing
Base Certificate attached hereto as Schedule 1. 

  

	 	19	The Compliance Certificate attached to the Loan Agreement as Exhibit D is amended by deleting such certificate and replacing it with the Compliance
Certificate attached hereto as Schedule 2. 

 4. FEES. Borrower: 

(a) Shall pay to Bank a commitment fee in connection with the 2011 Senior Term Advance in an amount equal to Fifteen Thousand Dollars
($15,000.00), which fee shall be fully earned, due and payable as of the date hereof. 
 (b) Shall pay to Bank a commitment fee
in connection with the 2011 Mezzanine Term Advance in an amount equal to One Hundred Fifty Thousand Dollars ($150,000.00), which fee shall be fully earned, due and payable as of the date hereof. 

(c) Hereby acknowledges and agrees that the Revolving Line fee of Eighteen Thousand Seven Hundred Fifty Dollars ($18,750.00) that is
referenced in Section 6 of the Fourth Amendment shall have been earned as of the date of the Fourth Amendment and shall be due and payable upon the earlier to occur of (i) March 31, 2012, (ii) an Event of Default, or
(iii) the early termination of the Loan Agreement. 
 (d) Shall reimburse Bank for all legal fees and expenses incurred in
connection with this amendment to the Existing Loan Documents. 
 5. PERFECTION CERTIFICATE. Borrower hereby ratifies, confirms and
reaffirms, all and singular, the terms and disclosures contained in a certain Perfection Certificate of Borrower dated as of May 17, 2011, and acknowledges, confirms and agrees that the disclosures and information Borrower provided to Bank in
such Perfection Certificate have not changed, as of the date hereof. Borrower hereby acknowledges and agrees that all references in the Loan Agreement to Perfection Certificate shall mean and include the Perfection Certificate as described herein.

 6. CONSISTENT CHANGES. The Existing Loan Documents are hereby amended wherever necessary to reflect the changes described above.

 7. RATIFICATION OF LOAN DOCUMENTS. Borrower hereby ratifies, confirms, and reaffirms all terms and conditions of all security or other
collateral granted to the Bank, and confirms that the indebtedness secured thereby includes, without limitation, the Obligations. 
 8. NO
DEFENSES OF BORROWER. Borrower hereby acknowledges and agrees that Borrower has no offsets, defenses, claims, or counterclaims against Bank with respect to the Obligations, or otherwise, and that if Borrower now has, or ever did have, any
offsets, defenses, claims, or counterclaims against Bank, whether known or unknown, at law or in equity, all of them are hereby expressly WAIVED and Borrower hereby RELEASES Bank from any liability thereunder. Notwithstanding anything contained in
this Loan Modification Agreement, the 

 
general release set forth in this Loan Modification Agreement shall not extend to any obligations of Bank in the Loan Agreement as amended by this Loan Modification Agreement or in any of the
Loan Documents. 
 9. CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing Obligations, Bank is relying
upon Borrower’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Loan Modification Agreement, the terms of the Existing Loan Documents remain unchanged and
in full force and effect. Bank’s agreement to modifications to the existing Obligations pursuant to this Loan Modification Agreement in no way shall obligate Bank to make any future modifications to the Obligations. Nothing in this Loan
Modification Agreement shall constitute a satisfaction of the Obligations. It is the intention of Bank and Borrower to retain as liable parties all makers of Existing Loan Documents, unless the party is expressly released by Bank in writing. No
maker will be released by virtue of this Loan Modification Agreement. 
 10. COUNTERSIGNATURE. This Loan Modification Agreement shall
become effective only when it shall have been executed by Borrower and Bank. 

 This Loan Modification Agreement is executed as of the date first written above. 

 

									
	BORROWER:	 		 	BANK:
			
	JIVE SOFTWARE, INC.	 		 	SILICON VALLEY BANK
					
	By:	 	 /s/ Bryan LeBlanc
	 		 	By:	 	 

					
	Name:	 	 Bryan LeBlanc
	 		 	Name:	 	 [ILLEGIBLE]

					
	Title:	 	 CFO
	 		 	Title:	 	 SRM

 Schedule 1 

EXHIBIT C 
 BORROWING BASE CERTIFICATE 
  

			
	Borrower:	  	Jive Software, Inc.
	Lender:	  	Silicon Valley Bank
	Commitment Amount: $10,000,000.00

					
		
	 ACCOUNTS RECEIVABLE
	  			
	 1. Accounts Receivable (invoiced) Book Value as of
                    
	  	$	            	  
		  	  
	  
	 
	 2. Additions (Please explain on next page)
	  	$	 	  
		  	  
	  
	 
	 3. Less: Intercompany / Employee / Non-Trade Accounts
	  	$	 	  
		  	  
	  
	 
	 4. NET TRADE ACCOUNTS RECEIVABLE
	  	$	 	  
		  	  
	  
	 
		
	 ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication)
	  			
	 5. 90 Days Passed Invoice Date
	  	$	 	  
		  	  
	  
	 
	 6. Credit Balances over 90 Days
	  	$	 	  
		  	  
	  
	 
	 7. Balance of 50% over 90 Day Accounts (Cross-Age or Current Affected)
	  	$	 	  
		  	  
	  
	 
	 8. Foreign Account Debtor Accounts*
	  	$	 	  
		  	  
	  
	 
	 9. Foreign Invoiced and/or Collected Accounts
	  	$	 	  
		  	  
	  
	 
	 10. Contra / Customer Deposit Accounts
	  	$	 	  
		  	  
	  
	 
	 11. Concentration Limits
	  	$	 	  
		  	  
	  
	 
	 12. U.S. Government Accounts w/o an Assignment of Claims
	  	$	 	  
		  	  
	  
	 
	 13. Promotion or Demo Accounts; Guaranteed Sale or Consignment Sale Accounts
	  	$	 	  
		  	  
	  
	 
	 14. Accounts with Memo or Pre-Billings
	  	$	 	  
		  	  
	  
	 
	 15. Contract Accounts; Accounts with Progress / Milestone Billings
	  	$	 	  
		  	  
	  
	 
	 16. Accounts for Retainage Billings
	  	$	 	  
		  	  
	  
	 
	 17. Trust / Bonded Accounts
	  	$	 	  
		  	  
	  
	 
	 18. Bill and Hold Accounts
	  	$	 	  
		  	  
	  
	 
	 19. Unbilled Accounts
	  	$	 	  
		  	  
	  
	 
	 20. Non-Trade Accounts (If not already deducted above)
	  	$	 	  
		  	  
	  
	 
	 21. Accounts with Extended Term Invoices (Net 90+)
	  	$	 	  
		  	  
	  
	 
	 22. Chargebacks Accounts / Debit Memos
	  	$	 	  
		  	  
	  
	 
	 23. Product Returns/Exchanges
	  	$	 	  
		  	  
	  
	 
	 24. Disputed Accounts; Insolvent Account Debtor Accounts
	  	$	 	  
		  	  
	  
	 
	 25. Other (Please explain on next page)
	  	$	 	  
		  	  
	  
	 
	 26. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS
	  	$	 	  
		  	  
	  
	 
	 *  Except for up to $1,000,000.00 of Eligible Foreign Accounts
	  			
		
	 27. Eligible Accounts (#4 minus #26)
	  	$	 	  
		  	  
	  
	 
	 28. ELIGIBLE AMOUNT OF ACCOUNTS (80% of #27)
	  	$	 	  
		  	  
	  
	 
		
	 BALANCES
	  			

					
	 29. Maximum Loan Amount (lesser of (a) $10,000,000 and (b) $35,000,000 minus all Obligations with respect to the 2011 Senior Term
Advance and the 2011 Mezzanine Term Advance)
	  	$	            	  
		  	  
	  
	 
	 30. Total Funds Available [Lesser of #28 and #29]
	  	$	 	  
		  	  
	  
	 
	 31. Present balance owing on Line of Credit
	  	$	 	  
		  	  
	  
	 
	 32. Outstanding under Sublimits
	  	$	 	  
		  	  
	  
	 
	 33. RESERVE POSITION (#30 minus #31 and #32)
	  	$	            	  
		  	  
	  
	 

 Explanatory comments from previous page: 

 

	
	  

	  

	  

	  

			
	  
	  	

 The undersigned represents and warrants that this is true, complete and correct, and that the
information in this Borrowing Base Certificate complies with the representations and warranties in the Amended and Restated Loan and Security Agreement between the undersigned and Silicon Valley Bank. 

 

									
	COMMENTS:	 		 	BANK USE ONLY
		 		 	Received by:	 	  

	Jive Software, Inc.	 		 		 	AUTHORIZED SIGNER
		 		 		 	Date:	 	  

		 		 		 	Verified:	 	  

	By:	 	  
	 		 		 	AUTHORIZED SIGNER
		 	Authorized Signer	 		 	Date:	 	  

	Date:	 	  
	 		 	Compliance Status:	 	Yes        No

 Schedule 2 

EXHIBIT D 
 COMPLIANCE CERTIFICATE 
  

									
	TO:	  	SILICON VALLEY BANK	 		 	Date:	  	
	FROM:	  	JIVE SOFTWARE, INC.	 		 		  	

 The undersigned authorized officer of Jive Software, Inc. (“Borrower”) certifies that under the terms and
conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”), (1) Borrower is in complete compliance for the period ending
                 with all required covenants except as noted below, (2) there are no Events of Default, (3) all representations and warranties in the Agreement are
true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in
the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date, (4) Borrower, and each of its Subsidiaries, has
timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower except as otherwise permitted pursuant to the terms of
Section 5.9 of the Agreement, and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which Borrower has not previously provided written notification
to Bank. Attached are the required documents supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or
footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this
certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement. 

Please indicate compliance status by circling Yes/No under “Complies” column. 

 

					
	 Reporting Covenant
	 	 Required
	 	 Complies

			
	Monthly financial statements with Compliance Certificate	 	Monthly within 30 days	 	Yes     No
	Annual financial statement (CPA Audited) + CC	 	FYE within 150 days	 	Yes     No
	10-Q, 10-K and 8-K	 	Within 5 days after filing with SEC	 	Yes     No
	Borrowing Base Certificate A/R & A/P Agings with Deferred Revenue report	 	Monthly within 30 days	 	Yes     No
	Quarterly consolidating financial statements	 	Quarterly within 30 days	 	Yes     No

  

											
	 Financial Covenant
	  	 Required
	 	 	 Actual
	 	  	 Complies

	 Maintain on a Monthly Basis:
	  				 				  	
	 Minimum Liquidity Ratio
	  	 	2.0:1.0	  	 	 	        :1.0	  	  	Yes     No
	 Adjusted EBITDA
	  	$	            	* 	 	$	            	  	  	Yes     No

  

	*	See Section 6.7(b) of the Agreement. 

													
	 Performance Pricing
	  	 Required
	 	  	 Actual
	 	  	 Eligible for Reduction
	 
	 Minimum Adjusted Quick Ratio
	  	 	2.0:1.0	  	  	 	        :1.0	  	  	 	Yes No	  

 The following financial covenant analyses and information set forth in Schedule 1 attached hereto are
true and accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the certification
above: (If no exceptions exist, state “No exceptions to note.”) 
  

	
	 
	
	 
	
	 

  

									
	Jive Software, Inc.	 		 	BANK USE ONLY
					
		 		 		 	Received by:	 	  

	By:	 	  
	 		 		 	AUTHORIZED SIGNER
	Name:	 	  
	 		 	Date:	 	  

	Title:	 	  
	 		 		 	
		 		 		 	Verified:	 	  

		 		 		 		 	AUTHORIZED SIGNER
		 		 		 	Date:	 	  

					
		 		 		 	Compliance Status:	 	Yes        No

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 
 In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 
  

					
	 Dated:
	 		  	

  

	I.	Liquidity Ratio (Section 6.7(a)) 

  

			
	Required:	  	2.0:1.0
		
	Actual:	  	        :1.0

					
		
	 A.     Borrower’s unrestricted and unencumbered cash maintained with Bank
	  	$	            	  
		  	  
	  
	 
		
	 B.     Eligible Accounts
	  	$	 	  
		  	  
	  
	 
		
	 C.     Line A plus line B
	  	$	 	  
		  	  
	  
	 
		
	 D.     Funded Debt
	  			
		
	 (i) borrowed money (whether direct or indirect) incurred, assumed, or guaranteed,
	  	$	 	  
		  	  
	  
	 
		
	 (ii) all capital lease obligations,
	  	$	 	  
		  	  
	  
	 
		
	 (iii) all synthetic leases,
	  	$	 	  
		  	  
	  
	 
		
	 (iv) all obligations, contingent or otherwise, under any letters of credit,
	  	$	 	  
		  	  
	  
	 
		
	 (v) all obligations for the deferred purchase price of capital assets, and
	  	$	 	  
		  	  
	  
	 
		
	 (vi) all obligations under conditional sales agreements;
	  	$	 	  
		  	  
	  
	 
		
	 MINUS (to the extent included in (i) through (vi) above):
	  			
		
	 (1) Borrower’s operating leases,
	  	$	 	  
		  	  
	  
	 
		
	 (2) Borrower’s obligations under guarantees provided in respect of operating leases of Borrower’s Subsidiaries,
and
	  	$	 	  
		  	  
	  
	 
		
	 (3) the Obligations owing to Bank with respect to the 2011 Mezzanine Term Advance.
	  	$	 	  
		  	  
	  
	 
		
	 E.     Funded Debt (the aggregate of lines D(i) through D(vi) minus the aggregate of lines D(1) through
D(3))
	  	$	 	  
		  	  
	  
	 
		
	 F.      Liquidity Ratio (line C divided by line E)
	  	 	        :1.0	  

  

			
	Is line F equal to or greater than 2.0:1:0?	  	
		
	             No, not in compliance	  	             Yes, in compliance

	II.	Adjusted EBITDA (Section 6.7(b)) (Note – calculations in 2011 are for the cumulative period starting April 1, 2011 and thereafter are for each rolling
three-month period) 

  

			
	Required:	  	$                  (see Section 6.7(b)
		
	Actual:	  	$                 

  

							
	 A.
	  	Earnings (as determined in accordance with GAAP)	  	$	            	  
		  		  	  
	  
	 
			
	 B.
	  	To the extent included in the determination of earnings for such period	  			
			
		  	 1.      Interest Expense
	  	$	 	  
		  		  	  
	  
	 
			
		  	 2.      income tax expense
	  	$	 	  
		  		  	  
	  
	 
			
		  	 3.      depreciation expense
	  	$	 	  
		  		  	  
	  
	 
			
		  	 4.      amortization expense
	  	$	 	  
		  		  	  
	  
	 
			
		  	 5.      Non-cash stock compensation expense
	  	$	 	  
		  		  	  
	  
	 
			
		  	 6.      The sum of lines 1 through 5
	  	$	 	  
		  		  	  
	  
	 
			
	 C.
	  	The change in Borrower’s Deferred Revenue	  	$	 	  
		  		  	  
	  
	 
	 D.
	  	Unfunded Capital Expenditures	  	$	 	  
		  		  	  
	  
	 
	 E.
	  	Adjusted EBITDA (line A plus line B.6 plus line C minus line D)	  	$	 	  
		  		  	  
	  
	 

  

			
	             No, not in compliance	  	             Yes, in complianceRevolving Credit Agreement

 Exhibit 10.1 
 REVOLVING CREDIT AGREEMENT 
 Dated as of August 18, 2011 

among 
 DIGITAL
SINGAPORE JURONG EAST PTE. LTD., 
 as Initial Singapore Borrower, 

DIGITAL REALTY DATAFIRM, LLC, 
 as Initial Australia Borrower 1, 
 DIGITAL REALTY
DATAFIRM 2, LLC, 
 as Initial Australia Borrower 2, 

DIGITAL REALTY TRUST, L.P., 
 as a Guarantor, 
 DIGITAL REALTY TRUST, INC., 

as a Guarantor, 
 THE SUBSIDIARY GUARANTORS NAMED HEREIN, 
 as Subsidiary
Guarantors, 
 THE INITIAL LENDERS AND EACH SWING LINE BANK NAMED HEREIN, 

as Initial Lenders and each Swing Line Bank, 

CITICORP INTERNATIONAL LTD., 
 as Administrative Agent, 
 and 

CITIGROUP GLOBAL MARKETS INC., 
 CITIGROUP GLOBAL MARKETS SINGAPORE PTE LTD., 
 BANK OF AMERICA, N.A., 

SUMITOMO MITSUI BANKING CORPORATION 
 and 
 THE HONG KONG AND SHANGHAI BANKING CORPORATION LIMITED, 

collectively, as Coordinating Bank 
 Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [*]. A complete
version of this exhibit has been filed separately with the Securities and Exchange Commission. 

 TABLE OF CONTENTS 

 

							
	ARTICLE I	  
	DEFINITIONS AND ACCOUNTING TERMS	  
			
	 SECTION 1.01
	    	 Certain Defined Terms
	  	 	1	  
	 SECTION 1.02
	    	 Computation of Time Periods; Other Definitional Provisions
	  	 	34	  
	 SECTION 1.03
	    	 Accounting Terms
	  	 	34	  
	
	ARTICLE II	  
	AMOUNTS AND TERMS OF THE ADVANCES	  
			
	 SECTION 2.01
	    	 The Advances
	  	 	34	  
	 SECTION 2.02
	    	 Making the Advances
	  	 	35	  
	 SECTION 2.03
	    	 Repayment of Advances
	  	 	38	  
	 SECTION 2.04
	    	 Termination or Reduction of the Commitments
	  	 	38	  
	 SECTION 2.05
	    	 Prepayments
	  	 	39	  
	 SECTION 2.06
	    	 Interest
	  	 	40	  
	 SECTION 2.07
	    	 Fees
	  	 	40	  
	 SECTION 2.08
	    	 Applicable Borrower
	  	 	41	  
	 SECTION 2.09
	    	 Increased Costs; Illegality
	  	 	41	  
	 SECTION 2.10
	    	 Payments and Computations
	  	 	42	  
	 SECTION 2.11
	    	 Taxes
	  	 	44	  
	 SECTION 2.12
	    	 Mitigation
	  	 	48	  
	 SECTION 2.13
	    	 Sharing of Payments, Etc.
	  	 	48	  
	 SECTION 2.14
	    	 Use of Proceeds
	  	 	50	  
	 SECTION 2.15
	    	 Evidence of Debt
	  	 	50	  
	 SECTION 2.16
	    	 Increase in the Aggregate Commitments
	  	 	51	  
	 SECTION 2.17
	    	 Defaulting Lenders
	  	 	53	  
	 SECTION 2.18
	    	 Reallocation of Commitments
	  	 	54	  
	
	ARTICLE III	  
	CONDITIONS OF LENDING	  
			
	 SECTION 3.01
	    	 Conditions Precedent to Initial Extension of Credit
	  	 	57	  
	 SECTION 3.02
	    	 Conditions Precedent to Each Borrowing and Commitment Increase
	  	 	60	  
	 SECTION 3.03
	    	 Determinations Under Section 3.01
	  	 	61	  
	
	ARTICLE IV	  
	REPRESENTATIONS AND WARRANTIES	  
			
	 SECTION 4.01
	    	 Representations and Warranties of the Loan Parties
	  	 	61	  
	
	ARTICLE V	  
	COVENANTS OF THE LOAN PARTIES	  
			
	 SECTION 5.01
	    	 Affirmative Covenants
	  	 	66	  

  
 i 

							
	 SECTION 5.02
	    	 Negative Covenants
	  	 	71	  
	 SECTION 5.03
	    	 Reporting Requirements
	  	 	78	  
	 SECTION 5.04
	    	 Financial Covenants
	  	 	81	  
	
	ARTICLE VI	  
	EVENTS OF DEFAULT	  
			
	 SECTION 6.01
	    	 Events of Default
	  	 	82	  
	
	ARTICLE VII	  
	GUARANTY	  
			
	 SECTION 7.01
	    	 Guaranty; Limitation of Liability
	  	 	85	  
	 SECTION 7.02
	    	 Guaranty Absolute
	  	 	85	  
	 SECTION 7.03
	    	 Waivers and Acknowledgments
	  	 	86	  
	 SECTION 7.04
	    	 Subrogation
	  	 	87	  
	 SECTION 7.05
	    	 Guaranty Supplements
	  	 	88	  
	 SECTION 7.06
	    	 Indemnification by Guarantors
	  	 	88	  
	 SECTION 7.07
	    	 Subordination
	  	 	88	  
	 SECTION 7.08
	    	 Continuing Guaranty
	  	 	89	  
	 SECTION 7.09
	    	 Guaranty Limitations
	  	 	89	  
	
	ARTICLE VIII	  
	THE ADMINISTRATIVE AGENT	  
			
	 SECTION 8.01
	    	 Authorization and Action
	  	 	91	  
	 SECTION 8.02
	    	 Administrative Agent’s Reliance, Etc.
	  	 	91	  
	 SECTION 8.03
	    	 CIL and Affiliates
	  	 	92	  
	 SECTION 8.04
	    	 Lender Credit Decision
	  	 	92	  
	 SECTION 8.05
	    	 Indemnification by Lenders
	  	 	93	  
	 SECTION 8.06
	    	 Successor Administrative Agents
	  	 	93	  
	
	ARTICLE IX	  
	MISCELLANEOUS	  
			
	 SECTION 9.01
	    	 Amendments, Etc.
	  	 	94	  
	 SECTION 9.02
	    	 Notices, Etc.
	  	 	95	  
	 SECTION 9.03
	    	 No Waiver; Remedies
	  	 	96	  
	 SECTION 9.04
	    	 Costs and Expenses
	  	 	96	  
	 SECTION 9.05
	    	 Right of Set-off
	  	 	98	  
	 SECTION 9.06
	    	 Binding Effect
	  	 	98	  
	 SECTION 9.07
	    	 Assignments and Participations
	  	 	98	  
	 SECTION 9.08
	    	 Execution in Counterparts
	  	 	102	  
	 SECTION 9.09
	    	 Confidentiality
	  	 	102	  
	 SECTION 9.10
	    	 Anti-Money Laundering Notification
	  	 	102	  
	 SECTION 9.11
	    	 Jurisdiction, Etc.
	  	 	102	  
	 SECTION 9.12
	    	 Governing Law
	  	 	103	  
	 SECTION 9.13
	    	 Judgment Currency
	  	 	103	  
	 SECTION 9.14
	    	 Change in Currency
	  	 	104	  
	 SECTION 9.15
	    	 WAIVER OF JURY TRIAL
	  	 	104	  

  
 ii 

 SCHEDULES 
  

							
	 Schedule I
	    	 	-	  	    	 Commitments and Applicable Lending Offices

	 Schedule II
	    	 	-	  	    	 Unencumbered Assets

	 Schedule 4.01(b)
	    	 	-	  	    	 Subsidiaries

	 Schedule 4.01(d)
	    	 	-	  	    	 Certain Approvals

	 Schedule 4.01(f)
	    	 	-	  	    	 Disclosed Litigation

	 Schedule 4.01(n)
	    	 	-	  	    	 Existing Debt

	 Schedule 4.01(o)
	    	 	-	  	    	 Surviving Debt

	 Schedule 4.01(p)
	    	 	-	  	    	 Existing Liens

	 Schedule 4.01(q)
	    	 	-	  	    	 Owned Real Properties

	 Schedule 4.01(r)
	    	 	-	  	    	 Leased Real Properties

	 Schedule 4.01(s)
	    	 	-	  	    	 Environmental Matters

	 Schedule 4.01(y)
	    	 	-	  	    	 Excluded Subsidiaries and Excluded Subsidiary Agreements

			
	 EXHIBITS
	    				    	
			
	 Exhibit A
	    	 	-	  	    	 Form of Borrower Accession Agreement

	 Exhibit B
	    	 	-	  	    	 Form of Notice of Borrowing

	 Exhibit C
	    	 	-	  	    	 Form of Guaranty Supplement

	 Exhibit D
	    	 	-	  	    	 Form of Transfer Certificate

	 Exhibit E
	    	 	-	  	    	 Form of Unencumbered Assets Certificate

  
 iii

 REVOLVING CREDIT AGREEMENT 

REVOLVING CREDIT AGREEMENT dated as of August 18, 2011 (this “Agreement”) among DIGITAL SINGAPORE JURONG
EAST PTE. LTD., a Singapore company (the “Initial Singapore Borrower”), DIGITAL REALTY DATAFIRM, LLC, a Delaware limited liability company (the “Initial Australia Borrower 1” ), DIGITAL REALTY DATAFIRM
2, LLC, a Delaware limited liability company (the “Initial Australia Borrower 2”; and collectively with the Initial Singapore Borrower, the Initial Australia Borrower 1 and any Additional Borrower (as defined below), the
“Borrowers” and each individually a “Borrower”), DIGITAL REALTY TRUST, L.P., a Maryland limited partnership (the “Operating Partnership”), DIGITAL REALTY TRUST, INC., a Maryland
corporation (the “REIT”), the entities listed on the signature pages hereof as the guarantors (together with any Additional Guarantors (as hereinafter defined) acceding hereto pursuant to Section 7.05, the
“Subsidiary Guarantors” and, together with the Operating Partnership and the REIT, the “Guarantors”), the banks, financial institutions and other institutional lenders listed on the signature pages
hereof as the initial lenders (the “Initial Lenders”), each Swing Line Bank (as hereinafter defined), CITICORP INTERNATIONAL LTD. (“CIL”), as administrative agent (together with any successor
administrative agent appointed pursuant to Article VIII, the “Administrative Agent”) for the Lenders (as hereinafter defined), with CITIGROUP GLOBAL MARKETS INC., CITIGROUP GLOBAL MARKETS SINGAPORE PTE LTD., BANK OF AMERICA,
N.A., SUMITOMO MITSUI BANKING CORPORATION and THE HONG KONG AND SHANGHAI BANKING CORPORATION LIMITED, collectively as the coordinating bank (collectively, the “Coordinating Bank”). 

ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 
 SECTION 1.01 Certain Defined Terms. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural
forms of the terms defined): 
 “Additional Borrower” means any Person that becomes a
Borrower pursuant to Section 5.01(r). 
 “Additional Guarantor” has the meaning
specified in Section 7.05. 
 “Adjusted EBITDA” means an amount equal to
(a) the product of four (4) times EBITDA for the fiscal quarter of the REIT most recently ended for which financial statements are required to be delivered to the Lenders pursuant to Section 5.03(b) or (c), as the case may be,
less (b) an amount equal to the Capital Expenditure Reserve for all Assets; provided, however, that for purposes of this definition, in the case of any acquisition or disposition of any direct or indirect interest in any Asset
(including through the acquisition of Equity Interests) by the REIT or any of its Subsidiaries during any fiscal quarter, Adjusted EBITDA will be adjusted (1) in the case of an acquisition, by adding thereto an amount equal to (A) four
(4) times (B) the acquired Asset’s actual EBITDA (computed as if such Asset was owned by the REIT or one of its Subsidiaries for the entire fiscal quarter) generated during the portion of such fiscal quarter that such Asset was
not owned by the REIT or such Subsidiary and (2) in the case of a disposition, by subtracting therefrom an amount equal to (A) four (4) times (B) the actual EBITDA generated by the Asset so disposed of during such fiscal
quarter. 
 “Adjusted Net Operating Income” means, with respect to any Asset,
(a) the product of (i) four (4) times (ii) (A) Net Operating Income attributable to such Asset less (B) the amount, if any, by which (1) 3% of all rental and other income from the operation of such
Asset for the fiscal 

 
quarter of the REIT most recently ended for which financial statements are required to be delivered to the Lenders pursuant to Section 5.03(b) or (c), as the case may be, exceeds
(2) all management fees payable in respect of such Asset for such fiscal period less (b) the Capital Expenditure Reserve for such Asset; provided, however, that for purposes of this definition, in the case of any acquisition
or disposition of any direct or indirect interest in any Asset (including through the acquisition of Equity Interests) by the REIT or any of its Subsidiaries during any fiscal quarter, Adjusted Net Operating Income will be adjusted (1) in the
case of an acquisition, by adding thereto an amount equal to (A) four (4) times (B) the acquired Asset’s actual Net Operating Income (computed as if such Asset was owned by the REIT or one of its Subsidiaries for the
entire fiscal quarter) generated during the portion of such fiscal quarter that such Asset was not owned by the REIT or such Subsidiary and (2) in the case of a disposition, by subtracting therefrom an amount equal to (A) four
(4) times (B) the actual Net Operating Income generated by the Asset so disposed of during such fiscal quarter. 
 “Administrative Agent” has the meaning specified in the recital of parties to this Agreement. 

“Administrative Agent’s Account” means the account or accounts of the Administrative Agent
designated in writing from time to time by the Administrative Agent to the Borrowers and the Lenders, it being agreed that the Administrative Agent shall have the right to designate different accounts relating to Advances in Singapore Dollars, Hong
Kong Dollars and Australian Dollars. 
 “Advance” means a Singapore Dollar Revolving
Credit Advance, an Australian Dollar Revolving Credit Advance or a Swing Line Advance. 

“Affiliate” means, as to any Person, any other Person that, directly or indirectly, controls, is
controlled by or is under common control with such Person or is a director or officer of such Person. For purposes of this definition, the term “control” (including the terms “controlling”, “controlled by” and
“under common control with”) of a Person means the possession, direct or indirect, of the power to vote 10% or more of the Voting Interests of such Person or to direct or cause the direction of the management and policies of such Person,
whether through the ownership of Voting Interests, by contract or otherwise. 
 “Agent”
means the Administrative Agent and the Coordinating Bank. 
 “Agent’s Spot Rate of
Exchange” means, in relation to any amount denominated in a currency, and unless expressly provided otherwise, the Administrative Agent’s spot rate of exchange for the purchase of such currency with another currency in the Hong
Kong foreign exchange market specified on the Reuters screen page “AFX=” (or such other appropriate page as the Administrative Agent may specify) at or about 11:00 A.M. (Hong Kong time) on a relevant date. 

“Agreement” has the meaning specified in the recital of parties to this Agreement. 

“Agreement Value” means, for each Hedge Agreement, on any date of determination, an amount
determined by the Administrative Agent equal to: (a) in the case of a Hedge Agreement documented pursuant to the Master Agreement (Multicurrency-Cross Border) published by the International Swap and Derivatives Association, Inc. (the
“Master Agreement”), the amount, if any, that would be payable by any Loan Party or any of its Subsidiaries to its counterparty to such Hedge Agreement, as if (i) such Hedge Agreement was being terminated early on such
date of 

  
 2 

 
determination, (ii) such Loan Party or Subsidiary was the sole “Affected Party”, and (iii) the Administrative Agent was the sole party determining such payment amount (with
the Administrative Agent making such determination pursuant to the provisions of the form of Master Agreement); or (b) in the case of a Hedge Agreement traded on an exchange, the mark-to-market value of such Hedge Agreement, which will be the
unrealized loss on such Hedge Agreement to the Loan Party or Subsidiary of a Loan Party party to such Hedge Agreement determined by the Administrative Agent based on the settlement price of such Hedge Agreement on such date of determination, or
(c) in all other cases, the mark-to-market value of such Hedge Agreement, which will be the unrealized loss on such Hedge Agreement to the Loan Party or Subsidiary of a Loan Party party to such Hedge Agreement determined by the Administrative
Agent as the amount, if any, by which (i) the present value of the future cash flows to be paid by such Loan Party or Subsidiary exceeds (ii) the present value of the future cash flows to be received by such Loan Party or Subsidiary
pursuant to such Hedge Agreement; capitalized terms used and not otherwise defined in this definition shall have the respective meanings set forth in the above described Master Agreement. 

“Applicable Lending Office” means, with respect to each Lender, the office of such Lender
specified as its (a) “SGD Lending Office” opposite its name on Schedule I hereto or in the Transfer Certificate or Assumption Agreement pursuant to which it became a Lender with respect to Advances in Singapore Dollars and Hong Kong
Dollars and (b) “AUD Lending Office” opposite its name on Schedule I hereto or in the Transfer Certificate or Assumption Agreement pursuant to which it became a Lender with respect to Advances in Australian Dollars, as the case may
be, or such other office of such Lender as such Lender may from time to time specify to the Borrowers and the Administrative Agent as its lending office for Advances in Singapore Dollars, Hong Kong Dollars and/or Australian Dollars. 

“Applicable Margin” means, at any date of determination, a percentage per annum determined by
reference to the Debt Rating as set forth below: 
  

							
	 Pricing
 Level
	  	 Debt Rating
	  	Applicable Margin	 
	 I
	  	BBB/Baa2 or better	  	 	1.20	% 
	 II
	  	BBB-/Baa3	  	 	1.45	% 
	 III
	  	BB+/Ba1 or worse	  	 	1.75	% 

 The Applicable Margin for any Interest Period for all Advances comprising part of the same Borrowing
shall be determined by reference to the Debt Rating in effect on the first day of such Interest Period; provided, however, that (a) the Applicable Margin shall initially be at Pricing Level I on the Closing Date, (b) no change in
the Applicable Margin resulting from the Debt Rating shall be effective until three Business Days after the date on which the Administrative Agent receives the certificate described in Section 5.03(m), and (c) if such certificate is not
delivered to the Administrative Agent on or prior to the date required by Section 5.03(m), and if such certificate indicates that the Applicable Margin will increase, the date of increase in the Applicable Margin will be deemed to be the date
upon which such compliance was due under Section 5.03(m), not the date upon which such certificate was delivered to the Administrative Agent. 
 “Applicable Pro Rata Share” means, (a) in the case of a Singapore Dollar Revolving Lender, such Lender’s Singapore Dollar Revolving Credit Pro Rata Share, and (b) in
the case of 

  
 3 

 
an Australian Dollar Revolving Lender, such Lenders’ Australian Dollar Revolving Credit Pro Rata Share. 

“Asian Subsidiaries” means any direct or indirect Subsidiary of Digital Asia LLC, a Delaware
limited liability company. 
 “Assets” means Office Assets, Development Assets,
Redevelopment Assets and Joint Venture Assets. 
 “Asset Value” means, at any date of
determination, (a) in the case of any Office Asset, the Capitalized Value of such Asset; provided, however, that the Asset Value of each Office Asset (other than a former Development Asset or Redevelopment Asset) shall be limited, during
the first 12 months following the date of acquisition thereof, to the lesser of (i) the acquisition price thereof or (ii) the Capitalized Value thereof, provided further that an upward adjustment shall be made to the Asset Value of
any Office Asset (in the reasonable discretion of the Administrative Agent) as new Tenancy Leases are entered into in respect of such Asset, (b) in the case of any Development Asset or Redevelopment Asset, the book value of such Asset as
determined in accordance with GAAP, (c) in the case of any Joint Venture Asset that, but for such Asset being owned by a Joint Venture, would qualify as an Office Asset under the definition thereof, the JV Pro Rata Share of the Capitalized
Value of such Asset; provided, however, that the Asset Value of such Joint Venture Asset shall be limited, during the first 12 months following the date of acquisition thereof, to the JV Pro Rata Share of the lesser of (i) the
acquisition price thereof or (ii) the Capitalized Value thereof, provided further that an upward adjustment shall be made to Asset Value of any Joint Venture Asset described in this clause (c) (in the reasonable discretion of the
Administrative Agent) as new leases, subleases, licenses and occupancy agreements are entered into in respect of such Asset in the ordinary course of business and (d) in the case of any Joint Venture Asset not described in clause
(c) above, the JV Pro Rata Share of the book value of such Joint Venture Asset as determined in accordance with GAAP. 
 “Assuming Lender” has the meaning specified in Section 2.16(d). 
 “Assumption Agreement” has the meaning specified in Section 2.16(d)(i). 
 “Australia Borrower” means, individually or collectively, as the context may require, the Initial Australia Borrower 1, the Initial Australian Borrower 2 and each Additional
Borrower that is designated as a Borrower with respect to the Australian Dollar Revolving Credit Facility or the Australian Swing Line Facility. 
 “Australian Dollar Commitment Increase” has the meaning specified in Section 2.16(a). 
 “Australian Dollar Purchasing Lender” has the meaning specified in Section 2.16(e). 
 “Australian Dollar Revolving Credit Advance” has the meaning specified in Section 2.01(b). 

“Australian Dollar Revolving Credit Commitment” means, (a) with respect to any Lender at any
time, the amount set forth opposite such Lender’s name on Schedule I hereto under the caption “Australian Dollar Revolving Credit Commitment” or (b) if such Lender has entered into one or more Transfer Certificates or Assumption
Agreements, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Lender’s 

  
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“Australian Dollar Revolving Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05 or 2.18 or increased pursuant to Section 2.16
or 2.18. 
 “Australian Dollar Revolving Credit Facility” means, at any time, the
aggregate amount of the Lenders’ Australian Dollar Revolving Credit Commitments at such time. 

“Australian Dollar Revolving Lender” means any Person that is a Lender hereunder in respect of the
Australian Dollar Revolving Credit Facility in its capacity as a Lender in respect of such Facility. 

“Australian Dollar Revolving Credit Pro Rata Share” of any amount means, with respect to any
Lender at any time, the product of such amount times a fraction the numerator of which is the amount of such Lender’s Australian Dollar Revolving Credit Commitment at such time (or, if the Commitments shall have been terminated pursuant to
Section 2.05 or 6.01, such Lender’s Australian Dollar Revolving Credit Commitment as in effect immediately prior to such termination, as adjusted from time to time in connection with any assignment that occurs following such termination)
and the denominator of which is the Australian Dollar Revolving Credit Facility at such time (or, if the Commitments shall have been terminated pursuant to Section 2.05 or 6.01, the Australian Dollar Revolving Credit Facility as in effect
immediately prior to such termination, as adjusted from time to time in connection with any assignment that occurs following such termination). 
 “Australian Dollar Selling Lender” has the meaning specified in Section 2.16(e). 
 “Australian Dollars” and the “A$” sign each means lawful currency of Australia. 

“Australian Swing Line Facility” has the meaning specified in Section 2.01(c). 

“Bankruptcy Law” means any applicable law governing a proceeding of the type referred to in
Section 6.01(f) or Title 11, U.S. Code, or any similar foreign, federal or state law for the relief of debtors. 
 “BBR” means (a) for a period relating to an Australian Dollar Revolving Credit Advance, (i) the average bid rate displayed at or about 10.30 A.M. (Sydney time) on the
Quotation Date on the Reuters screen BBSY page for a term equivalent to the period or (ii) if (A) for any reason that rate is not displayed for a term equivalent to that period or (B) the basis on which that rate is displayed is
changed and in the opinion of the Administrative Agent it ceases to reflect the Lenders’ cost of funding to the same extent as at the date of this Agreement, then BBR will be the rate reasonably determined by the Agent to be the buying rate for
bills of exchange accepted by a leading Australian bank and which have a term equivalent to the period, and (b) for any Swing Line Advance in Australian Dollars, (i) the rate quoted to the Administrative Agent by Citibank N.A., Australia
Branch, as the “spot” rate in the Australian interbank market as of 12.00 P.M. (Sydney time) on the day of such Swing Line Advance or (ii) if no such rate is available, the rate reasonably determined by the Administrative Agent as the
“spot” rate quoted to leading banks in the Australian interbank market as of 12.00 P.M. (Sydney time) on the day of such Swing Line Advance. Rates under clause (a) above will be expressed as a yield percent per annum to maturity and
if necessary, will be rounded up to the nearest fourth decimal place. 
 “Borrower” has
the meaning specified in the recital of parties to this Agreement. 
 “Borrowers” has the
meaning specified in the recital of parties to this Agreement. 

  
 5 

 “Borrower Accession Agreement” means the Borrower
Accession Agreement, between the Administrative Agent and the Australia Borrower relating to the Australia Borrower which is to become a Borrower hereunder at any time on or after the Effective Date, the form of which is attached hereto as Exhibit
A. 
 “Borrower’s Account” means, (i) with respect to the Initial Singapore
Borrower, the account of the Initial Singapore Borrower maintained by the Initial Singapore Borrower with Citibank N.A., Singapore Branch at its office at 1 3 Temask Avenue, #16-00 Centennial Tower, Singapore 039190, Account No. 854326007,
Swift Code: CITISGSG, (ii) with respect to the Initial Australia Borrower 1, the account of the Initial Australia Borrower 1 maintained by the Initial Australia Borrower 1 with Citibank N.A., Australia at its office at 2 Park Street, Sydney,
NSW 2000, Account No. 233205001, Swift Code: CITI AU 2X, and/or (iii) such other account as any Borrower shall specify in writing to the Administrative Agent. Notwithstanding the foregoing, each Borrower Account relating to Swing Line
Advances in (A) Singapore Dollars shall be maintained at Citibank N.A., Singapore Branch, (B) Hong Kong Dollars shall be maintained at Citibank N.A., Hong Kong Branch, and (C) Australian Dollars shall be maintained at Citibank N.A.,
Sydney Branch. 
 “Borrowing” means a borrowing consisting of simultaneous Advances made
by the Lenders or a Swing Line Borrowing. 
 “Business Day” means a day of the year
(other than a Saturday or Sunday) on which banks are open for general business in San Francisco, California, Sydney, Australia and Hong Kong, and, where the Floating Rate is based on SIBOR, Singapore. 

“Canadian Dollars” means the lawful currency of Canada. 

“Capital Expenditure Reserve” means, with respect to any Asset on any date of determination, the
product of (A) U.S.$0.25 times (B) the total number of square feet within such Asset. 

“Capitalized Leases” means all leases that have been or should be, in accordance with GAAP,
recorded as capitalized leases. 
 “Capitalized Value” means (a) in the case of any
Asset that is a Data Center, the Adjusted Net Operating Income of such Asset divided by 8.25%, and (b) in the case of any other Asset, the Adjusted Net Operating Income of such Asset divided by 7.5%. 

“Cash Equivalents” means any of the following, to the extent owned by the REIT or any of its
Subsidiaries free and clear of all Liens (other than Permitted Liens) and having a maturity of not greater than 90 days from the date of issuance thereof: (a) readily marketable direct obligations of the Government of the United States or any
agency or instrumentality thereof or obligations unconditionally guaranteed by the full faith and credit of the Government of the United States, (b) readily marketable direct obligations of any state of the United States or any political
subdivision of any such state or any public instrumentality thereof having, at the time of acquisition, the highest rating obtainable from either Moody’s or S&P, (c) domestic and foreign certificates of deposit or domestic time
deposits or foreign deposits or bankers’ acceptances (foreign or domestic) in Sterling, Canadian Dollars, Swiss Francs, Euros, Hong Kong Dollars, United States Dollars, Singapore Dollars or Australian Dollars that are issued by a bank:
(I) which has, at the time of acquisition, a long-term rating of at least A or the equivalent from S&P, Moody’s or Fitch and (II) if a United States domestic bank, which is a member of the Federal

  
 6 

 
Deposit Insurance Corporation, (d) commercial paper (foreign and domestic) in an aggregate amount of not more than U.S.$50,000,000 per issuer outstanding at any time and rated at least
“Prime 1” (or the then equivalent grade) by Moody’s or “A 1” (or the then equivalent grade) by S&P, (e) overnight securities repurchase agreements, or reverse repurchase agreements secured by any of the
foregoing types of securities or debt instruments, provided that the collateral supporting such repurchase agreements shall have a value not less than 101% of the principal amount of the repurchase agreement plus accrued interest; and
(f) money market funds invested in investments substantially all of which consist of the items described in clauses (a) through (e) foregoing. 
 “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended from time to time. 

“CERCLIS” means the Comprehensive Environmental Response, Compensation and Liability Information
System maintained by the U.S. Environmental Protection Agency. 
 “CGMI” means Citigroup
Global Markets Inc. 
 “Change of Control” means the occurrence of any of the following:
(a) any Person or two or more Persons acting in concert shall have acquired and shall continue to have following the date hereof beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the
Securities Exchange Act of 1934), directly or indirectly, of Voting Interests of the REIT (or other securities convertible into such Voting Interests) representing 35% or more of the combined voting power of all Voting Interests of the REIT; or
(b) during any consecutive twenty-four month period commencing on or after the date hereof, individuals who at the beginning of such period constituted the Board of Directors of the REIT (together with any new directors whose election by the
Board of Directors or whose nomination for election by the REIT stockholders was approved by a vote of at least a majority of the members of the Board of Directors then in office who either were members of the Board of Directors at the beginning of
such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the members of the Board of Directors then in office, except for any such change resulting from (x) death or
disability of any such member, (y) satisfaction of any requirement for the majority of the members of the Board of Directors of the REIT to qualify under applicable law as independent directors, or (z) the replacement of any member of the
Board of Directors who is an officer or employee of the REIT with any other officer or employee of the REIT or any of its Affiliates ; or (c) any Person or two or more Persons acting in concert shall have acquired and shall continue to have
following the date hereof, by contract or otherwise, or shall have entered into a contract or arrangement that, upon consummation, will result in its or their acquisition of the power to direct, directly or indirectly, the management or policies of
the REIT; or (d) the REIT ceases to be the general partner of the Operating Partnership; or (e) the REIT ceases to be the legal and beneficial owner of all of the general partnership interests of the Operating Partnership; or (f) the
REIT shall create, incur, assume or suffer to exist any Lien on the Equity Interests in the Borrowers owned by it. 
 “CIL” has the meaning specified in the recital of parties to this Agreement. 
 “Citibank, N.A., Sydney Branch” means that branch of Citibank, N.A., which is located in Sydney, Australia, as it is identified on the signature pages to this Agreement.

 “Closing Date” means the date of this Agreement. 

  
 7 

 “Commitment” means a Singapore Dollar Revolving
Credit Commitment, an Australian Dollar Revolving Credit Commitment or a Swing Line Commitment. 

“Commitment Date” has the meaning specified in Section 2.16(b). 

“Commitment Increase” has the meaning specified in Section 2.16(a). 

“Communications” has the meaning specified in Section 9.02(b). 

“Confidential Information” means information that any Loan Party furnishes to the Administrative
Agent or any Lender in writing designated as confidential, but does not include any such information that is or becomes generally available to the public or that is or becomes available to such Agent or such Lender from a source other than the Loan
Parties or the Administrative Agent or any other Lender. 
 “Consent Request Date” has
the meaning specified in Section 9.01(b). 
 “Consolidated” refers to the
consolidation of accounts in accordance with GAAP. 
 “Contingent Obligation” means, with
respect to any Person, any Obligation or arrangement of such Person to guarantee or intended to guarantee any Debt, leases, dividends or other payment Obligations (“primary obligations”) of any other Person (the
“primary obligor”) in any manner, whether directly or indirectly, including, without limitation (and without duplication), (a) the direct or indirect guarantee, endorsement (other than for collection or deposit in the
ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of the Obligation of a primary obligor, (b) the Obligation to make take-or-pay or similar payments, if required, regardless of
nonperformance by any other party or parties to an agreement or (c) any Obligation of such Person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor,
(ii) to advance or supply funds (A) for the purchase or payment of any such primary obligation or (B) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the
primary obligor, (iii) to purchase property, assets, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or
(iv) otherwise to assure or hold harmless the holder of such primary obligation against loss in respect thereof. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount of the primary
obligation in respect of which such Contingent Obligation is made (or, if less, the maximum amount of such primary obligation for which such Person may be liable pursuant to the terms of the instrument evidencing such Contingent Obligation) or, if
not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder), as determined by such Person in good faith, all as recorded on the balance sheet or on the
footnotes to the most recent financial statements of such Person in accordance with GAAP. 

“Coordinating Bank” has the meaning specified in the recital of parties to this Agreement.

 “Corporate Credit Agreement” means that certain Revolving Credit Agreement, dated as
of August 31, 2007, by and among the Operating Partnership, as the borrower, Citicorp North America, Inc., as administrative agent, the financial institutions party thereto, Keybank National

  
 8 

 
Association, as syndication agent, and CGMI and Keybank National Association, as the arrangers, as amended to date and as further amended from time to time. 

“Corporate Loan Documents” means the Loan Documents as defined in the Corporate Credit Agreement.

 “Customary Carve-Out Agreement” has the meaning specified in the definition of
Non-Recourse Debt. 
 “Data Center” means any Office Asset that operates as a
telecommunications infrastructure building or an information technology infrastructure building. 

“Debt” of any Person means, without duplication for purposes of calculating financial ratios,
(a) all Debt for Borrowed Money of such Person, (b) all Obligations of such Person for the deferred purchase price of property or services other than trade payables incurred in the ordinary course of business and not overdue by more than
60 days, (c) all Obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all Obligations of such Person created or arising under any conditional sale or other title retention agreement with
respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property), (e) all Obligations of such Person as
lessee under Capitalized Leases, (f) all Obligations of such Person under acceptance, letter of credit or similar facilities, (g) all Obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment (but
excluding for the avoidance of doubt (i) regular quarterly dividends and (ii) special year-end dividends made in connection with maintaining the REIT’s status as a Real Estate Investment Trust) in respect of any Equity Interests in
such Person or any other Person (other than Preferred Interests that are issued by any Loan Party or Subsidiary thereof and classified as either equity or minority interests pursuant to GAAP) or any warrants, rights or options to acquire such Equity
Interests, (h) all Obligations of such Person in respect of Hedge Agreements, valued at the Agreement Value thereof, (i) all Contingent Obligations of such Person and (j) all indebtedness and other payment Obligations referred to in
clauses (a) through (i) above of another Person secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) any Lien on property (including, without limitation, accounts and contract
rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such indebtedness or other payment Obligations; provided, however, that (A) in the case of the REIT and its Subsidiaries
“Debt” shall also include, without duplication, the JV Pro Rata Share of Debt for each Joint Venture and (B) for purposes of computing the Leverage Ratio, “Debt” shall be deemed to exclude redeemable Preferred Interests
issued as trust preferred securities by the REIT and the Borrowers to the extent the same are by their terms subordinated to the Facilities and not redeemable until after the Termination Date. 

“Debt for Borrowed Money” of any Person means all items that, in accordance with GAAP, would be
classified as indebtedness on a Consolidated balance sheet of such Person; provided, however, that in the case of the REIT and its Subsidiaries “Debt for Borrowed Money” shall also include, without duplication, the JV Pro
Rata Share of Debt for Borrowed Money for each Joint Venture; and provided further, however, that as used in the definition of “Fixed Charge Coverage Ratio”, in the case of any acquisition or disposition of any direct or indirect
interest in any Asset (including through the acquisition of Equity Interests) by the REIT or any of its Subsidiaries during the fiscal quarter of the REIT most recently ended for which financial statements are required to be delivered to the Lenders
pursuant to Section 5.03(b) or (c), as the case may be, the term “Debt for Borrowed Money” (a) shall include, in the case of an acquisition, 

  
 9 

 
an amount equal to the Debt for Borrowed Money directly relating to such Asset existing immediately following such acquisition (computed as if such indebtedness in respect of such Asset was in
existence for the REIT or such Subsidiary for the entire fiscal quarter), and (b) shall exclude, in the case of a disposition, an amount equal to the actual Debt for Borrowed Money to which such Asset was subject to the extent such Debt for
Borrowed Money was repaid or otherwise terminated upon the disposition of such Asset during such fiscal quarter. 

“Debt Rating” means, as of any date, the lowest (in the case of Section 5.02(b)(iii)) or
highest (in the case of the definition of Applicable Margin) rating that has been most recently assigned by either S&P or Moody’s, as the case may be, to the long-term senior unsecured non-credit enhanced debt of the REIT or, if applicable,
to the “implied rating” of the REIT’s long-term senior unsecured credit enhanced debt. For purposes of the foregoing, (a) if any rating established by S&P or Moody’s shall be changed, such change shall be effective as of
the date on which such change is first announced publicly by the rating agency making such change; and (b) if S&P or Moody’s shall change the basis on which ratings are established, each reference to the REIT’s Debt Rating
announced by S&P or Moody’s, as the case may be, shall refer to the then equivalent rating by S&P or Moody’s, as the case may be. 
 “Decreasing Facility” has the meaning specified in Section 2.18(a). 
 “Default” means any Event of Default or any event that would constitute an Event of Default but for the requirement that notice be given or time elapse or both. 

“Defaulting Lender” means at any time, subject to Section 2.17(b), (a) any Lender that
has failed for two or more Business Days to comply with its obligations under this Agreement to make an Advance or make any other payment due hereunder (each, a “funding obligation”), (b) any Lender that has notified the
Administrative Agent or the Borrowers in writing, or has stated publicly, that it does not intend to comply with its funding obligations hereunder, (c) any Lender that has defaulted on its funding obligations under any other loan agreement or
credit agreement or other similar financing agreement, (d) any Lender that has, for three or more Business Days after written request of the Administrative Agent or any Borrower, failed to confirm in writing to the Administrative Agent and the
Borrowers that it will comply with its prospective funding obligations hereunder, provided that such Lender will cease to be a Defaulting Lender pursuant to this clause (d) upon the Administrative Agent’s and the Borrowers’
receipt of such written confirmation, or (e) any Lender with respect to which a Lender Insolvency Event has occurred and is continuing with respect to such Lender or its Parent Company, provided, in each case, that neither the
reallocation of funding obligations provided for in Section 2.17(a) as a result of a Lender being a Defaulting Lender nor the performance by Non-Defaulting Lenders of such reallocated funding obligations will by themselves cause the relevant
Defaulting Lender to become a Non-Defaulting Lender). Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any of clauses (a) through (e) above will be conclusive and binding absent manifest error, and
such Lender will be deemed to be a Defaulting Lender (subject to Section 2.17(b)) upon notification of such determination by the Administrative Agent to the Borrowers and the Lenders. 

“Deliverables” means (a) a description, in detail reasonably satisfactory to the
Administrative Agent, of the Proposed Unencumbered Asset or Unencumbered Asset, as applicable, (b) a certificate of the Chief Financial Officer (or other Responsible Officer) of the applicable Borrower confirming that (i) such Asset
satisfies all Unencumbered Asset Conditions and (ii) in the case of a Proposed Unencumbered Asset, the addition of such Asset as an Unencumbered Asset shall not cause or result in a Default or Event of Default, and (c) in the case

  
 10 

 
of any Proposed Unencumbered Asset or Unencumbered Asset described in clause (i) or (j) of the defined term “Unencumbered Asset Conditions”, documentation in reasonable detail
of the satisfaction of the condition described in such subsection. 
 “Development Asset”
means Real Property acquired for development into an Office Asset that, in accordance with GAAP, would be classified as a development property on a Consolidated balance sheet of the REIT and its Subsidiaries. For the avoidance of any doubt,
Development Assets shall not constitute Office Assets. 
 “Disclosed Litigation” has the
meaning specified in Section 3.01(f). 
 “EBITDA” means, for any period,
(a) the sum of (i) net income (or net loss) (excluding gains (or losses) from extraordinary and unusual items and the non-cash component of non-recurring items), (ii) interest expense, (iii) income tax expense,
(iv) depreciation expense and (v) amortization expense, in each case of the REIT and its Subsidiaries determined on a Consolidated basis and in accordance with GAAP for such period, plus (b) with respect to each Joint Venture,
the JV Pro Rata Share of the sum of (i) net income (or net loss) (excluding gains (or losses) from extraordinary and unusual items), (ii) interest expense, (iii) income tax expense, (iv) depreciation expense and
(v) amortization expense of such Joint Venture, in each case determined on a Consolidated basis and in accordance with GAAP for such period, provided that there shall be no rent leveling adjustments made (and only actual cash rents will
be used) when computing EBITDA. 
 “Effective Date” means the first date on which the
conditions set forth in Article III shall be satisfied. 
 “Eligible Assignee” means
(a) a Lender; (b) an Affiliate or Fund Affiliate of a Lender or (c) any other Person approved by the Administrative Agent and, unless an Event of Default has occurred and is continuing at the time any assignment is effected pursuant
to Section 9.07, the Operating Partnership, each such approval not to be unreasonably withheld or delayed, provided that each Eligible Assignee shall, together with its Affiliates, have the ability to make Advances in Australian Dollars,
Singapore Dollars and Hong Kong Dollars. Notwithstanding the foregoing, neither any Loan Party nor any Affiliate of a Loan Party shall qualify as an Eligible Assignee under this definition. 

“EMU Legislation” means legislative measures of the European Union for the introduction of,
changeover to or operation of the Euro in one or more member states. 
 “Environmental
Action” means any action, suit, demand, demand letter, claim, notice of non-compliance or violation, notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any
Environmental Law, any Environmental Permit or Hazardous Material or arising from alleged injury or threat to health, safety or the environment, including, without limitation, (a) by any governmental or regulatory authority for enforcement,
cleanup, removal, response, remedial or other actions or damages and (b) by any governmental or regulatory authority or third party for damages, contribution, indemnification, cost recovery, compensation or injunctive relief. 

“Environmental Law” means any Federal, state, local or foreign statute, law, ordinance, rule,
regulation, code, order, writ, judgment, injunction, decree or judicial or agency interpretation, policy or guidance relating to pollution or protection of the environment, health, 

  
 11 

 
safety or natural resources, including, without limitation, those relating to the use, handling, transportation, treatment, storage, disposal, release or discharge of Hazardous Materials.

 “Environmental Permit” means any permit, approval, identification number, license or
other authorization required under any Environmental Law. 
 “Equity Interests” means,
with respect to any Person, shares of capital stock of (or other ownership or profit interests in) such Person, warrants, options or other rights for the purchase or other acquisition from such Person of shares of capital stock of (or other
ownership or profit interests in) such Person, securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or other acquisition
from such Person of such shares (or such other interests), and other ownership or profit interests in such Person (including, without limitation, partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such
shares, warrants, options, rights or other interests are authorized or otherwise existing on any date of determination. 
 “Equivalent” in Singapore Dollars of Australian Dollars, Hong Kong Dollars or any other foreign currency on any date means the equivalent in Singapore Dollars of Australian
Dollars, Hong Kong Dollars or such other foreign currency determined at the Agent’s Spot Rate of Exchange on the date falling two (2) Hong Kong Business Days prior to the date of conversion or notional conversion, as the case may be;
provided, however, that with respect to Swing Line Advances, the equivalent amount shall be determined at the Agent’s Spot Rate of Exchange on the date of the applicable Swing Line Borrowing. “Equivalent”
in Australian Dollars, Hong Kong Dollars or any other foreign currency of Singapore Dollars means the equivalent in Australian Dollars, Hong Kong Dollars or such other foreign currency of Singapore Dollars determined at the Agent’s Spot Rate of
Exchange on the date falling two (2) Hong Kong Business Days prior to the date of conversion or notional conversion, as the case may be; provided, however, that with respect to Swing Line Advances, the equivalent amount shall be
determined at the Agent’s Spot Rate of Exchange on the date of the applicable Swing Line Borrowing. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time,
and the regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means
any Person that for purposes of Title IV of ERISA is a member of the controlled group of any Loan Party, or under common control with any Loan Party, within the meaning of Section 414 of the Internal Revenue Code. 

“ERISA Event” means (a)(i) the occurrence of a reportable event, within the meaning of
Section 4043 of ERISA, with respect to any Plan unless the 30-day notice requirement with respect to such event has been waived by the PBGC or (ii) the requirements of Section 4043(b) of ERISA apply with respect to a contributing
sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan within the
following 30 days; (b) the application for a minimum funding waiver with respect to a Plan; (c) the provision by the administrator of any Plan of a notice of intent to terminate such Plan, pursuant to Section 4041(a)(2) of ERISA
(including any such notice with respect to a plan amendment referred to in Section 4041(e) of ERISA); (d) with respect to any Plan, the cessation of operations at a facility of any Loan Party or any ERISA Affiliate in the circumstances
described in Section 4062(e) of ERISA; (e) the withdrawal by any Loan Party or any ERISA Affiliate from a Multiple Employer Plan during a plan year for which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA;
(f) the conditions for imposition of a lien under Section 302(f) of ERISA shall have 

  
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been met with respect to any Plan; (g) the adoption of an amendment to a Plan requiring the provision of security to such Plan pursuant to Section 307 of ERISA; or (h) the
institution by the PBGC of proceedings to terminate a Plan pursuant to Section 4042 of ERISA, or the occurrence of any event or condition described in Section 4042 of ERISA that constitutes grounds for the termination of, or the
appointment of a trustee to administer, such Plan. 
 “Euro” means the lawful currency of
the European Union as constituted by the Treaty of Rome which established the European Community, as such treaty may be amended from time to time and as referred to in the EMU Legislation. 

“Events of Default” has the meaning specified in Section 6.01. 

“Excess France Value” has the meaning specified in the definition of “Total Unencumbered
Asset Value”. 
 “Excess Spain Value” has the meaning specified in the definition of
“Total Unencumbered Asset Value”. 
 “Excluded Subsidiary” at any time means
(a) any Asian Subsidiary that is unable to guaranty the Obligations of the Loan Parties under the Loan Documents at such time because (i) it is party to one or more Excluded Subsidiary Agreements that prohibit such Excluded Subsidiary from
entering into the Guaranty set forth in Article VII or a Guaranty Supplement or (ii) entering into the Guaranty set forth in Article VII or a Guaranty Supplement would cause a default under an Excluded Subsidiary Agreement, and (b) any
Asian Subsidiary listed on Part B of Schedule 4.01(y) on the Effective Date or hereafter designated as an “Excluded Subsidiary” by Borrowers and approved by the Administrative Agent and the Required Lenders, in their sole discretion.

 “Excluded Subsidiary Agreement” for each Excluded Subsidiary means any agreement set
forth opposite the name of such Excluded Subsidiary on Schedule 4.01(y) hereto (as such Schedule may be supplemented from time to time pursuant to Sections 5.01(j)(i) and 5.01(j)(ii)) and any agreement pursuant to which such Excluded Subsidiary (or
a Subsidiary related thereto) incurs Refinancing Debt with regard to the Debt, if any, incurred pursuant to such Excluded Subsidiary Agreement. 
 “Existing Debt” means Debt of each Loan Party and its Subsidiaries outstanding immediately before the Effective Date, including, without limitation, all Debt then outstanding under
the Corporate Credit Agreement and the Note Documents. 
 “Facility” means the Singapore
Dollar Revolving Credit Facility, the Australian Dollar Revolving Credit Facility, the Singapore Swing Line Facility or the Australian Swing Line Facility. 
 “Facility Exposure” means, at any date of determination, the sum of the aggregate principal amount of all outstanding Advances. 

“FATCA” has the meaning specified in Section 2.11(b)(ii). 

“Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal for each
day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as 

  
 13 

 
published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that
is a Business Day, the average of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. 

“Fee Letter” means the fee letter dated as of the date hereof among the Operating Partnership, the
Initial Singapore Borrower, the Initial Australia Borrower 1, the Initial Australia Borrower 2 and the Coordinating Bank, as the same may be amended from time to time. 

“Fiscal Year” means a fiscal year of the REIT and its Consolidated Subsidiaries ending on
December 31 in any calendar year. 
 “Fixed Charge Coverage Ratio” means, at any
date of determination, the ratio of (a) (i) Adjusted EBITDA, to (b) the product of (i) four times (ii) the sum of (A) interest (including capitalized interest) payable in cash on, and amortization of debt
discount in respect of, all Debt for Borrowed Money plus (B) scheduled amortization of principal amounts of all Debt for Borrowed Money payable (not including balloon maturity amounts) plus (C) all cash dividends payable on
any Preferred Interests (which, for the avoidance of doubt, shall include Preferred Interests structured as trust preferred securities), in each case, of or by the REIT and its Subsidiaries for the fiscal quarter of the REIT most recently ended for
which financial statements are required to be delivered to the Lenders pursuant to Section 5.03(b) or (c), as the case may be, determined on a Consolidated basis for such period. 

“Floating Rate” means with respect to (a) Australian Dollar Revolving Credit Advances, BBR,
(b) Singapore Revolving Credit Advances in Singapore Dollars, SIBOR, and (c) Singapore Revolving Credit Advances in Hong Kong Dollars, HIBOR. 
 “Foreign Subsidiary (Operating Partnership)” means any Subsidiary of the Operating Partnership (a) that is not incorporated or organized under the laws of any State of the
United States or the District of Columbia, and (b) the principal assets, if any, of which are not located in the United States. 
 “French Guarantor” has the meaning specified in Section 7.09(c)(i). 
 “Fund Affiliate” means, with respect to any Lender that is a fund that invests in bank loans, any other fund that invests in bank loans and is administered or managed by the same
investment advisor as such Lender or by an Affiliate of such investment advisor. 
 “Funds From
Operations” means net income (or loss) (computed in accordance with GAAP), excluding gains (or losses) from sales of property and extraordinary and unusual items, plus depreciation and amortization, and after adjustments for
unconsolidated Joint Ventures. Adjustments for unconsolidated Joint Ventures will be calculated to reflect funds from operations on the same basis. 
 “GAAP” has the meaning specified in Section 1.03. 
 “Good Faith Contest” means the contest of an item as to which: (a) such item is contested in good faith, by appropriate proceedings, (b) reserves that are adequate are
established with respect to such contested item in accordance with GAAP and (c) the failure to pay or comply 

  
 14 

 
with such contested item during the period of such contest is not reasonably likely to result in a Material Adverse Effect. 

“Guaranteed Hedge Agreement” means any Hedge Agreement required or not prohibited under Article V
that is entered into by and between any Loan Party and any Hedge Bank. 
 “Guaranteed
Obligations” has the meaning specified in Section 7.01. 
 “Guarantors”
means (a) the REIT, (b) the Operating Partnership, (c) the Subsidiary Guarantors, and (d) each Borrower. 
 “Guaranty” means the Guaranty by the Guarantors pursuant to Article VII, together with any and all Guaranty Supplements required to be delivered pursuant to Section 5.01(j).

 “Guaranty Supplement” means a supplement entered into by an Additional Guarantor in
substantially the form of Exhibit C hereto. 
 “Hazardous Materials” means
(a) petroleum or petroleum products, by-products or breakdown products, radioactive materials, friable or damaged asbestos-containing materials, polychlorinated biphenyls, radon gas and toxic mold and (b) any other chemicals, materials or
substances designated, classified or regulated as hazardous or toxic or as a pollutant or contaminant under any Environmental Law. 
 “Hedge Agreements” means interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts and
other hedging agreements. 
 “Hedge Bank” means any Lender or an Affiliate of a Lender in
its capacity as a party to a Guaranteed Hedge Agreement. 
 “HIBOR” means, in relation to
any (a) Singapore Dollar Revolving Credit Advance in Hong Kong Dollars, (i) the Hong Kong Screen Rate or (ii) if the Hong Kong Screen Rate is not available for Hong Kong Dollars for the Interest Period of that Advance, the rate
reasonably determined by the Administrative Agent as the rate quoted to leading banks in the Hong Kong interbank market as of 11.00 A.M. Hong Kong time on the Quotation Date for the offering of deposits in Hong Kong Dollars for a period comparable
to the applicable Interest Period, and (b) any Swing Line Advance in Hong Kong Dollars, (i) the rate quoted to the Administrative Agent by Citibank N.A., Hong Kong Branch, as the “spot” rate in the Hong Kong interbank market as
of 12.00 P.M. Hong Kong time on the day of such Swing Line Advance or (ii) if no such rate is available, the rate reasonably determined by the Administrative Agent as the “spot” rate quoted to leading banks in the Hong Kong interbank
market as of 12.00 P.M. Singapore time on the day of such Swing Line Advance. 
 “Hong Kong
Borrower” means, individually or collectively, as the context may require, each Additional Borrower that is designated as a Borrower with respect to Borrowings under the Singapore Dollar Revolving Credit Facility in Hong Kong Dollars or
Swing Line Borrowings under the Singapore Swing Line Facility in Hong Kong Dollars. 
 “Hong Kong
Business Day” means a day of the year (other than a Saturday or Sunday) on which banks are open for general business in Hong Kong. 

  
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 “Hong Kong Dollars” or “HK$”
means the lawful currency of Hong Kong. 
 “Hong Kong Screen Rate” means the display
designated as the HKABHIBOR Screen on the Reuters system or such other page as may replace such page on that system for the purpose of displaying offered rates for Hong Kong Dollar deposits. 

“HSBC Australia” means an Affiliate or branch of The Hong Kong and Shanghai Banking Corporation
Limited designated by The Hong Kong and Shanghai Banking Corporation Limited for the purposes of making Advances hereunder in Australian Dollars. 
 “Increase Date” has the meaning specified in Section 2.16(a). 
 “Increased Australian Dollar Commitment Amount” has the meaning specified in Section 2.16(b). 

“Increased Costs” means (a) a reduction in the rate of return from the Facility or on a
Lender’s (or its Affiliate’s) overall capital (including, without limitation, as a result of any reduction in the rate of return on capital as more capital is required to be allocated) or (b) an additional or increased cost or a
reduction of any amount due and payable under any Loan Document, which in any case is incurred or suffered by a Lender or any of its Affiliates to the extent that it is attributable to that Lender having entered into its Commitment or funding or
performing its obligations under any Loan Document. 
 “Increasing Facility” has the
meaning specified in Section 2.18(a). 
 “Increased Singapore Dollar Commitment
Amount” has the meaning specified in Section 2.16(b). 
 “Increasing
Lender” has the meaning specified in Section 2.16(b). 
 “Indemnified
Costs” has the meaning specified in Section 8.05(a). 
 “Indemnified
Party” has the meaning specified in Section 7.06(a). 
 “Indirect Tax”
means any goods and services tax, consumption tax, value added tax or any tax of a similar nature. 

“Initial Australia Borrower 1” has the meaning specified in the recital of parties to this
Agreement. 
 “Initial Australia Borrower 2” has the meaning specified in the recital of
parties to this Agreement. 
 “Initial Extension of Credit” means the initial Borrowing
hereunder. 
 “Initial Lenders” has the meaning specified in the recital of parties to
this Agreement. 
 “Initial Process Agent” has the meaning specified in
Section 9.11(c). 
 “Initial Singapore Borrower” has the meaning specified in the
recital of parties to this Agreement. 

  
 16 

 “Insufficiency” means, with respect to any Plan, the
amount, if any, of its unfunded benefit liabilities, as defined in Section 4001(a)(18) of ERISA, but utilizing the actuarial assumptions used in such Plan’s most recent valuation report. 

“Interest Period” means, for each Advance comprising part of the same Borrowing, the period
commencing on the date of such Advance and ending on the last day of the period selected by the applicable Borrower pursuant to the provisions below and, thereafter, each subsequent period commencing on the last day of the immediately preceding
Interest Period and ending on the last day of the period selected by the applicable Borrower pursuant to the provisions below. The duration of each such Interest Period shall be one, two or three months, as the applicable Borrower may, upon notice
received by the Administrative Agent not later than 11:00 A.M. (Singapore time) on the third Business Day prior to the first day of such Interest Period, select; provided, however, that: 

(a) the applicable Borrower may not select any Interest Period with respect to any Advance that ends after the Termination
Date; 
 (b) Interest Periods commencing on the same date for Advances comprising part of the same Borrowing
shall be of the same duration; 
 (c) whenever the last day of any Interest Period would otherwise occur on a day
other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day; provided, however, that if such extension would cause the last day of such Interest Period to occur in the next
following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; 

(d) whenever the first day of any Interest Period occurs on a day of an initial calendar month for which there is no
numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such Interest Period, such Interest Period shall end on the last Business Day of such succeeding
calendar month; 
 (e) if the applicable Borrower does not timely select an Interest Period, an Interest Period
of one month shall apply; and 
 (f) the applicable Borrower shall not have the right to elect any Interest
Period if an Event of Default has occurred and is continuing and for the period that such Event of Default is continuing, successive Interest Periods shall be one month in duration. 

“Internal Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time, and
the regulations promulgated and rulings issued thereunder. 
 “International
Jurisdiction” shall mean any of the jurisdictions of the United States, Canada, France, Ireland, the Netherlands, Spain, Hong Kong, Singapore, Australia, England or Wales. 

“Investment” in any Person means any loan or advance to such Person, any purchase or other
acquisition of any Equity Interests or Debt or the assets comprising a division or business unit or a substantial part or all of the business of such Person, any capital contribution to such 

  
 17 

 
Person or any other direct or indirect investment in such Person, including, without limitation, any acquisition by way of a merger or consolidation and any arrangement pursuant to which the
investor incurs Debt of the types referred to in clause (i) or (j) of the definition of “Debt” in respect of such Person. 
 “Joint Venture” means any joint venture (a) in which the REIT or any of its Subsidiaries holds any Equity Interest, (b) that is not a Subsidiary of the REIT or any of its
Subsidiaries and (c) the accounts of which would not appear on the Consolidated financial statements of the REIT. 
 “Joint Venture Assets” means, with respect to any Joint Venture at any time, the assets owned by such Joint Venture at such time. 

“JTC” means Jurong Town Corporation, a body corporate incorporated under the Jurong Town
Corporation Act of Singapore. 
 “JTC Property” means an Asset located in Singapore that
is ground leased from the JTC. 
 “Jurong Asset” means the Office Asset located at and
known as Private Lot A2534304 at International Business Park, Jurong, Singapore. 
 “JV Pro Rata
Share” means, with respect to any Joint Venture at any time, the fraction, expressed as a percentage, obtained by dividing (a) the total book value of all Equity Interests in such Joint Venture held by the REIT and any of its
Subsidiaries by (b) the total book value of all outstanding Equity Interests in such Joint Venture at such time. 
 “Lender Insolvency Event” means that (a) a Lender or its Parent Company is insolvent, or is generally unable to pay its debts as they become due, or admits in writing its
inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, or (b) such Lender or its Parent Company is the subject of a bankruptcy, insolvency, reorganization, liquidation or similar
proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Lender or its Parent Company, or such Lender or its Parent Company has taken any action in furtherance of or indicating its consent
to or acquiescence in any such proceeding or appointment. 
 “Lenders” means the Initial
Lenders, each Assuming Lender that shall become a party hereto pursuant to Section 2.16 or 2.18, each Person that shall become a Lender hereunder pursuant to Section 9.07 for so long as such Initial Lender or Person, as the case may be,
shall be a party to this Agreement, and each Swing Line Bank. 
 “Lender Parties” means
the Administrative Agent, the Lenders and the Hedge Banks. 
 “Leverage Ratio” means, at
any date of determination, the ratio, expressed as a percentage, of (a) Consolidated Debt of the REIT and its Subsidiaries to (b) Total Asset Value, in each case as at the end of the most recently ended fiscal quarter of the REIT for which
financial statements are required to be delivered to the Lenders pursuant to Section 5.03(b) or (c), as the case may be. 
 “Lien” means any lien, security interest or other charge or encumbrance of any kind, or any other type of preferential arrangement, including, without limitation, the lien or
retained security title of a conditional vendor and any easement, right of way or other encumbrance on title to real property. 

  
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 “Limited Subsidiary” has the meaning specified in
Section 5.01(j)(ii). 
 “Loan Documents” means (a) this Agreement, (b) the
Fee Letter, (c) each Guaranty Supplement and (d) each Guaranteed Hedge Agreement, in each case, as amended. 
 “Loan Parties” means the Borrowers and the Guarantors. 
 “Margin Stock” has the meaning specified in Regulation U. 
 “Market Disruption Event” means (a) in connection with Advances in Singapore Dollars, (i) at or about 11.00 A.M. Singapore time on the Quotation Date for the relevant
Interest Period the average rate published on the Reuters page SIBOR is not available and the Administrative Agent is unable to determine SIBOR for the relevant currency and period or (ii) before close of business in Singapore on the Quotation
Day for the relevant Interest Period, the Administrative Agent receives notifications from a Lender or Lenders (whose participations in an Advance exceed fifty percent (50%) of that Advance) that the cost to it of obtaining matching deposits in
the Relevant Interbank Market would be in excess of SIBOR, (b) in connection with Advances in Australian Dollars, (i) at or about 10.30 A.M. Sydney time on the Quotation Date for the relevant Interest Period the average rate published on
the Reuters screen BBSY page is not available and the Administrative Agent is unable to determine BBR for the relevant currency and period or (ii) before close of business in Sydney on the Quotation Day for the relevant Interest Period, the
Administrative Agent receives notifications from a Lender or Lenders (whose participations in an Advance exceed fifty percent (50%) of that Advance) that the cost to it of obtaining matching deposits in the Relevant Interbank Market would be in
excess of BBR, and (c) in connection with Advances in Hong Kong Dollars, (i) at or about 11.00 A.M. Hong Kong time on the Quotation Date for the relevant Interest Period the Hong Kong Screen Rate is not available and the Administrative
Agent is unable to determine HIBOR for the relevant currency and period or (ii) before close of business in Hong Kong on the Quotation Day for the relevant Interest Period, the Administrative Agent receives notifications from a Lender or
Lenders (whose participations in an Advance exceed fifty percent (50%) of that Advance) that the cost to it of obtaining matching deposits in the Relevant Interbank Market would be in excess of HIBOR. 

“Material Adverse Change” means any material adverse change in the business, condition (financial
or otherwise), results of operations or prospects of the Operating Partnership and its Subsidiaries taken as a whole or of the Borrowers or the Borrowers and their Subsidiaries taken as a whole. 

“Material Adverse Effect” means a material adverse effect on (a) the business, condition
(financial or otherwise), operations or prospects of the Operating Partnership and its Subsidiaries taken as a whole or the Borrowers and their Subsidiaries taken as a whole, (b) the rights and remedies of the Administrative Agent or any Lender
under any Loan Document or (c) the ability of any Loan Party to perform its Obligations under any Loan Document to which it is or is to be a party. 
 “Material Contract” means each contract to which any Borrower or any of its Subsidiaries is a party involving aggregate consideration payable to or by such Borrower or such
Subsidiary in an amount of U.S.$20,000,000 or more per annum or otherwise material to the business, condition (financial or otherwise), operations or prospects of such Borrower and its Subsidiaries, taken as a whole. 

  
 19 

 “Material Debt” means Debt of any Loan Party or any
Subsidiary of a Loan Party that is outstanding in a principal amount (or, in the case of any Hedge Agreement, an Agreement Value) of U.S.$30,000,000 (or the Equivalent thereof in any foreign currency) or more, either individually or in the
aggregate; in each case (a) whether the primary obligation of one or more of the Loan Parties or their respective Subsidiaries, (b) whether the subject of one or more separate debt instruments or agreements, and (c) exclusive of Debt
outstanding under this Agreement. 
 “Moody’s” means Moody’s Investors
Services, Inc. and any successor thereto. 
 “Multiemployer Plan” means a multiemployer
plan, as defined in Section 4001(a)(3) of ERISA, to which any Loan Party or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make
contributions. 
 “Multiple Employer Plan” means a single employer plan, as defined in
Section 4001(a)(15) of ERISA, in which (a) any Loan Party or any ERISA Affiliate and at least one Person other than the Loan Parties and the ERISA Affiliates are contributing sponsors or (b) any Loan Party or any ERISA Affiliate and
at least one Person other than the Loan Parties and the ERISA Affiliates were previously contributing sponsors if such Loan Party or ERISA Affiliate could reasonably be expected to have liability under Section 4064 or 4069 of ERISA in the event
such plan has been or were to be terminated. 
 “Negative Pledge” means, with respect to
any asset, any provision of a document, instrument or agreement (other than a Loan Document) which prohibits or purports to prohibit the creation or assumption of any Lien on such asset as security for Obligations under or in respect of the Loan
Documents; provided, however, that (a) an agreement that conditions a Person’s ability to encumber its assets upon the maintenance of one or more specified ratios that limit such Person’s ability to encumber its assets
but that do not generally prohibit the encumbrance of its assets, or the encumbrance of specific assets, shall not constitute a Negative Pledge, and (b) any provision of the Note Documents restricting the ability of any Loan Party to encumber
its assets shall be deemed to not constitute a Negative Pledge so long as such provision is generally consistent with a comparable provision of the Loan Documents. 

“Net Asset Sale Proceeds” has the meaning specified in Section 5.02(f). 

“Net Operating Income” means (a) with respect to any Asset other than a Joint Venture Asset,
(i) the total rental revenue and other income from the operation of such Asset for the fiscal quarter of the REIT most recently ended for which financial statements are required to be delivered to the Lenders pursuant to Section 5.03(b) or
(c), as the case may be, minus (ii) all expenses and other proper charges incurred by the applicable Loan Party or Subsidiary in connection with the operation and maintenance of such Asset during such fiscal period, including, without
limitation, management fees, repairs, real estate and chattel taxes and bad debt expenses, but before payment or provision for debt service charges, income taxes and depreciation, amortization and other non-cash expenses, all as determined in
accordance with GAAP, and (b) with respect to any Joint Venture Asset, (i) the JV Pro Rata Share of the total rental revenue and other income from the operation of such Asset for the fiscal quarter of the REIT most recently ended for which
financial statements are required to be delivered to the Lenders pursuant to Section 5.03(b) or (c), as the case may be, minus (ii) the JV Pro Rata Share of all expenses and other proper charges incurred by the applicable Joint
Venture in connection with the operation and maintenance of such Asset during such fiscal period, including, without limitation, management fees, repairs, real estate and chattel taxes and bad debt expenses, but before payment

  
 20 

 
or provision for debt service charges, income taxes and depreciation, amortization and other non-cash expenses, all as determined in accordance with GAAP, provided that in each case there
shall be no rent leveling adjustments made (and only actual cash rents will be used) when computing Net Operating Income. 
 “Non-Consenting Lender” has the meaning specified in Section 9.01(b). 
 “Non-Defaulting Lender” means, at any time, a Lender that is not a Defaulting Lender or a Potential Defaulting Lender. 

“Non-Recourse Debt” means Debt for Borrowed Money with respect to which recourse for payment is
limited to (a) any building(s) or parcel(s) of real property or any related assets encumbered by a Lien securing such Debt for Borrowed Money and/or (b) the general credit of the Property-Level Subsidiary that has incurred or guaranteed
such Debt for Borrowed Money and/or the Equity Interests therein and/or the general credit of the immediate parent entity of such Property-Level Subsidiary provided that such parent entity’s assets consist solely of Equity Interests in one or
more Property-Level Subsidiaries or immediate parent entities thereof, it being understood and agreed that the instruments governing such Debt may include customary carve-outs to such limited recourse (any such customary carve-outs or agreements
limited to such customary carve-outs, being a “Customary Carve-Out Agreement”) such as, for example, personal recourse to the REIT or any Subsidiary of the REIT for fraud, willful misrepresentation, misapplication or
misappropriation of cash, waste, environmental claims, damage to properties, non-payment of taxes or other liens despite the existence of sufficient cash flow, interference with the enforcement of loan documents upon maturity or acceleration,
violation of loan document prohibitions against voluntary or involuntary bankruptcy filings, transfer of properties or ownership interests therein and liabilities and other circumstances customarily excluded at the time of the incurrence of such
Debt by lenders from exculpation provisions and/or included in separate indemnification agreements in non-recourse financings of real estate. Any Debt for Borrowed Money that would otherwise qualify as Non-Recourse Debt under this definition shall
not fail to qualify as Non-Recourse Debt solely by reason of any recourse guaranty of such Debt by the REIT or any of its Subsidiaries, so long as such recourse guaranty is permitted pursuant to Section 5.02(b)(iii)(C) (including the proviso
therein). 
 “Non-U.S. Lender” has the meaning specified in Section 2.11(f).

 “Note Agreement” means that certain Note Purchase and Private Shelf Agreement dated as
of July 24, 2008, by and among the Operating Partnership, the REIT, each of the entities party thereto from time to time as Subsidiary Guarantors (as defined therein), PIM, and the note purchasers party thereto or bound thereby from time to
time, as amended to date and as further amended from time to time. 
 “Note Documents”
means the Note Agreement, together with all notes, instruments and other agreements entered into and delivered in connection therewith from time to time. 
 “Notice” has the meaning specified in Section 9.02(c). 
 “Notice of Borrowing” has the meaning specified in Section 2.02(a). 
 “Notice of Swing Line Borrowing” has the meaning specified in Section 2.02(b). 
 “NPL” means the National Priorities List under CERCLA. 

  
 21 

 “Obligation” means, with respect to any Person, any
payment, performance or other obligation of such Person of any kind, including, without limitation, any liability of such Person on any claim, whether or not the right of any creditor to payment in respect of such claim is reduced to judgment,
liquidated, unliquidated, fixed, contingent, matured, disputed, undisputed, legal, equitable, secured or unsecured, and whether or not such claim is discharged, stayed or otherwise affected by any proceeding referred to in Section 6.01(f).
Without limiting the generality of the foregoing, the Obligations of any Loan Party under the Loan Documents include (a) the obligation to pay principal, interest, charges, expenses, fees, attorneys’ fees and disbursements, indemnities and
other amounts payable by such Loan Party under any Loan Document and (b) the obligation of such Loan Party to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf
of such Loan Party. 
 “OECD” means the Organization for Economic Cooperation and
Development. 
 “Office Asset” means Real Property (other than any Joint Venture Asset)
that operates or is intended to operate as a telecommunications infrastructure building, information technology infrastructure building, technology manufacturing building or technology office/corporate headquarter building. 

“Operating Partnership” has the meaning specified in the recital of parties to this Agreement.

 “Parent Company” means, with respect to a Lender, the bank holding company (as defined
in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender. 

“Patriot Act” has the meaning specified in Section 9.10. 

“PBGC” means the Pension Benefit Guaranty Corporation (or any successor). 

“Permitted Liens” means such of the following as to which no enforcement, collection, execution,
levy or foreclosure proceeding shall have been commenced: (a) Liens for taxes, assessments and governmental charges or levies not yet delinquent or which are the subject of a Good Faith Contest; (b) Liens imposed by law, such as
materialmen’s, mechanics’, carriers’, workmen’s and repairmen’s Liens and other similar Liens arising in the ordinary course of business securing obligations that (i) are not overdue for a period of more than 30 days
and (ii) individually or together with all other Permitted Liens outstanding on any date of determination do not materially adversely affect the use of the property to which they relate unless, in the case of (i) or (ii) above, such
liens are the subject of a Good Faith Contest; (c) pledges or deposits to secure obligations under workers’ compensation laws or similar legislation or to secure public or statutory obligations; (d) covenants, conditions and
restrictions, easements, zoning restrictions, rights of way and other encumbrances on title to real property that do not render title to the property encumbered thereby unmarketable or materially adversely affect the use or value of such property
for its present purposes; (e) Tenancy Leases and other interests of lessees and lessors under leases or real or personal property made in the ordinary course of business that do not materially and adversely affect the use of the Real Property
encumbered thereby for its intended purpose or the value thereof; (f) any attachment or judgment Liens not resulting in an Event of Default under Section 6.01(g); and (g) Liens in favor of any Lender Party pursuant to any Loan
Document. 

  
 22 

 “Person” means an individual, partnership,
corporation (including a business trust), limited liability company, joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof. 

“PIM” means Prudential Investment Management, Inc., and its successors and assigns under the Note
Documents. 
 “Plan” means a Single Employer Plan or a Multiple Employer Plan.

 “Platform” has the meaning specified in Section 9.02(b). 

“Post Petition Interest” has the meaning specified in Section 7.07(c). 

“Post-Closing Letter Agreement” means the letter agreement dated as of the date hereof among the
Initial Singapore Borrower, the Initial Australia Borrower 1, the Initial Australia Borrower 2 and the Administrative Agent. 
 “Potential Defaulting Lender” means, at any time, (a) any Lender with respect to which an event of the kind referred to in the definition of “Lender Insolvency
Event” has occurred and is continuing in respect of such Lender, its Parent Company or any Subsidiary or financial institution affiliate thereof, (b) any Lender that has notified, or whose Parent Company or a Subsidiary or financial
institution affiliate thereof has notified, the Administrative Agent or any Borrower in writing, or has stated publicly, that it does not intend to comply with its funding obligations under any other loan agreement or credit agreement or other
financing agreement, or (c) any Lender that has, or whose Parent Company has, a non-investment grade rating from Moody’s or S&P or another nationally recognized rating agency. Any determination by the Administrative Agent that a Lender
is a Potential Defaulting Lender under any of clauses (a) through (c) above will be conclusive and binding absent manifest error, and such Lender will be deemed a Potential Defaulting Lender (subject to Section 2.17(b)) upon
notification of such determination by the Administrative Agent to the Borrowers and the Lenders. 

“Preferred Interests” means, with respect to any Person, Equity Interests issued by such Person
that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation. 

“Primary Currency” has the meaning specified in Section 9.14(c). 

“Process Agent” has the meaning specified in Section 9.11(c). 

“Property-Level Subsidiary” means any Subsidiary of any Borrower or any Joint Venture that holds a
direct fee or leasehold interest in any single building (or group of related buildings, including, without limitation, buildings pooled for purposes of a Non-Recourse Debt financing) or parcel (or group of related parcels, including, without
limitation, parcels pooled for purposes of a Non-Recourse Debt financing) of real property and related assets and not in any other building or parcel of real property. 

“Proposed Unencumbered Asset” has the meaning specified in Section 5.01(j)(iii). 

“Pro Rata Share” of any amount means, with respect to any Lender at any time, the product of such
amount times a fraction the numerator of which is the amount of such Lender’s 

  
 23 

 
Revolving Credit Commitment at such time (or, if the Commitments shall have been terminated pursuant to Section 2.05 or 6.01, such Lender’s Revolving Credit Commitment as in effect
immediately prior to such termination, as adjusted from time to time in connection with any assignment that occurs following such termination) and the denominator of which is the Revolving Credit Facility at such time (or, if the Commitments shall
have been terminated pursuant to Section 2.05 or 6.01, the Revolving Credit Facility as in effect immediately prior to such termination, as adjusted from time to time in connection with any assignment that occurs following such termination).

 “Protected Party” means the Administrative Agent or any Lender, as applicable, which
is or will be, for or on account of Tax, subject to any liability or required to make any payment in relation to a sum received or receivable (or any sum deemed for the purposes of Tax to be received or receivable) under a Loan Document. 

“Purchasing Lenders” has the meaning specified in Section 2.18(c). 

“Qualified French Intercompany Loan” has the meaning specified in Section 7.09(c)(ii).

 “Qualifying Ground Lease” means a lease of Real Property containing the following
terms and conditions: (a) a remaining term (including any unexercised extension options as to which there are no conditions precedent to exercise thereof other than the giving of a notice of exercise) (or in the case of a JTC Property, such
conditions precedent as are customarily imposed by the JTC on properties of a similar nature that are leased by the JTC) of 30 years or more (or in the case of a JTC Property, 20 years or more) from the Closing Date; (b) the right of the lessee
to mortgage and encumber its interest in the leased property without the consent of the lessor (or in the case of a JTC Property, with such prior approval or notification as the JTC customarily requires from time to time under its standard
regulations governing the creation of security interests over properties of a similar nature that are leased by the JTC); (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 foreclosures, and fails to do so (or in the case of a JTC Property, such
obligations imposed on the JTC as lessor as are customary in its standard terms of lease for properties of a similar nature that are leased by the JTC); (d) reasonable transferability of the lessee’s interest under such lease, including
ability to sublease; and (e) such other rights customarily required by mortgagees in the applicable jurisdiction making a loan secured by the interest of the holder of a leasehold estate demised pursuant to a ground lease (or in the case of a
JTC Property, such other rights as are customarily required by mortgagees in relation to properties of a similar nature that are leased by the JTC). 
 “Quotation Day” means, in relation to any period for which an interest rate is to be determined (a) if the currency is Australian Dollars or Hong Kong Dollars, the first day
of that period and (b) if the currency is Singapore Dollars, two (2) Singapore Business Days before the first day of that period. 
 “Real Estate Investment Trust” means a Person that is qualified to be treated for tax purposes as a real estate investment trust under Sections 856-860 of the Internal Revenue
Code. 
 “Real Property” means all right, title and interest of the Operating Partnership
and each of its Subsidiaries in and to any land and any improvements located thereon, together with all equipment, furniture, materials, supplies and personal property in which such Person has an interest now or hereafter located on or used in
connection with such land and improvements, and 

  
 24 

 
all appurtenances, additions, improvements, renewals, substitutions and replacements thereof now or hereafter acquired by such Person, in each case to the extent of such Person’s interest
therein. 
 “Reallocation” has the meaning specified in Section 2.18(a). 

“Reallocation Date” has the meaning specified in Section 2.18(a). 

“Reallocation Notice” has the meaning specified in Section 2.18(a). 

“Reclassification Date” means, with respect to any Redevelopment Asset, the date on which each of
the following shall have occurred: (a) any Borrower shall have given notice to the Administrative Agent that it desires to reclassify such Asset as an Office Asset for purposes of this Agreement; (b) such Borrower shall have re-satisfied
the conditions set forth in clauses (2) and (3) of Section 5.01(j)(iii)(A) with respect to such Asset and (c) the Administrative Agent or the Required Lenders shall have approved such reclassification (which approval shall not be
unreasonably withheld). 
 “Recourse Debt” means Consolidated Debt of the REIT and its
Subsidiaries (whether or not secured by any Liens) for which the REIT, the Borrowers or any of their respective Subsidiaries has personal or recourse liability in whole or in part, exclusive of any such Debt for which such personal or recourse
liability is limited to obligations under Customary Carve-Out Agreements. 
 “Redeemable”
means, with respect to any Equity Interest, any Debt or any other right or Obligation, any such Equity Interest, Debt, right or Obligation that (a) the issuer has undertaken to redeem at a fixed or determinable date or dates, whether by
operation of a sinking fund or otherwise, or upon the occurrence of a condition not solely within the control of the issuer or (b) is redeemable at the option of the holder. 

“Redevelopment Asset” means (x) the Jurong Asset, and (y) any Office Asset
(a) designated by any Borrower in a notice to the Administrative Agent as a “Redevelopment Asset”, (b) which either (i) has been acquired by such Borrower or any of its Subsidiaries with a view toward renovating or
rehabilitating such Asset at an aggregate anticipated cost in excess of 10% of the acquisition cost thereof, or (ii) such Borrower or a Subsidiary thereof intends to renovate or rehabilitate at an aggregate anticipated cost in excess of 10% of
the Capitalized Value of such Asset, and (c) that does not qualify as a “Development Asset” by reason of, among other things, the redevelopment plan for such Asset not including a total demolition of the existing building(s) and
improvements. Each Redevelopment Asset shall continue to be classified as a Redevelopment Asset hereunder until the applicable Reclassification Date for such Asset, upon and after which such Asset shall be classified as an Office Asset hereunder.

 “Refinancing Debt” means, with respect to any Debt, any Debt extending the maturity
of, or refunding or refinancing, in whole or in part, such Debt, provided that (a) the terms of any Refinancing Debt, and of any agreement entered into and of any instrument issued in connection therewith, do not provide for any Lien on
any Unencumbered Assets and are otherwise not prohibited by the Loan Documents, (b) the principal (or committed) amount of such Debt shall not be increased above the principal (or committed) amount thereof outstanding immediately prior to such
extension, refunding or refinancing plus the amount of any applicable premium and all fees and expenses, and the direct and contingent obligors therefor shall not be changed (other than to include new and/or additional Excluded Subsidiaries as
obligors), as a result of or in connection with such extension, refunding or refinancing and (c) the provisions relating to 

  
 25 

 
principal amount, amortization, maturity, collateral (if any) and subordination (if any), and other material provisions taken as a whole, of any such Refinancing Debt, and of any agreement
entered into and of any instrument issued in connection therewith, are on then current market terms, and (d) the interest rate applicable to any such Refinancing Debt does not exceed the then applicable market interest rate. 

“Register” has the meaning specified in Section 9.07(d). 

“Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System, as in
effect from time to time. 
 “REIT” has the meaning specified in the recital of parties
to this Agreement. 
 “Relevant Interbank Market” means, in relation to
(a) Australian Dollars, the Australian bank bill market, (b) in relation to Singapore Dollars, the Singapore interbank market and (c) in relation to Hong Kong Dollars, the Hong Kong interbank market. 

“Replacement Lender” has the meaning specified in Section 9.01(b). 

“Required Lenders” means, at any time, Lenders owed or holding greater than 50% of the sum of
(a) the aggregate principal amount (expressed in Singapore Dollars and including the Equivalent in Singapore Dollars at such time of any amounts denominated in Hong Kong Dollars and Australian Dollars) of the Advances outstanding at such time,
and (b) the aggregate Unused Revolving Credit Commitments at such time. For purposes of this definition, the aggregate principal amount of (i) Swing Line Advances under the Singapore Swing Line Facility owing to the applicable Swing Line
Bank shall be considered to be owed to the Singapore Dollar Revolving Lenders ratably in accordance with their respective Commitments and (ii) Swing Line Advances under the Australian Swing Line Facility owing to the applicable Swing Line Bank
shall be considered to be owed to the Australian Dollar Revolving Lenders ratably in accordance with their respective Commitments. 
 “Responsible Officer” means any executive officer (including a vice president) of, or any executive officer (including a vice president) of any general partner or managing member
or manager of, any Loan Party or any of its Subsidiaries. 
 “Revolving Credit Borrowing
Minimum” means, in respect of Advances denominated in (a) Singapore Dollars, S$1,000,000, (b) Hong Kong Dollars, $HK150,000, and (c) Australian Dollars, A$1,000,000. 

“Revolving Credit Borrowing Multiple” means, in respect of Advances denominated in
(a) Singapore Dollars, S$250,000, (b) Hong Kong Dollars, $HK50,000, and (c) Australian Dollars, A$250,000. 
 “Revolving Credit Commitment” means, with respect to any Lender, the sum of such Lender’s Singapore Dollar Revolving Credit Commitment and such Lender’s Australian Dollar
Revolving Credit Commitment and “Revolving Credit Commitments” means the aggregate principal amount of the Revolving Credit Commitments of all the Lenders. 

“Revolving Credit Facility” means, at any time, the aggregate amount of the Lenders’
Revolving Credit Commitments at such time. 

  
 26 

 “Revolving Credit Reduction Minimum” means, in
respect of Advances denominated in (a) Singapore Dollars, S$1,000,000, and (b) Australian Dollars, A$1,000,000. 
 “Revolving Credit Reduction Multiple” means, in respect of Advances denominated in (a) Singapore Dollars, S$250,000, and (b) Australian Dollars, A$250,000. 

“S&P” means Standard & Poor’s Ratings Group, a division of The McGraw-Hill
Companies, Inc. and any successor thereto. 
 “Sarbanes-Oxley” means the Sarbanes-Oxley
Act of 2002, as amended. 
 “Secured Debt Leverage Ratio” means, at any date of
determination, the ratio, expressed as a percentage, of (a) Consolidated secured Debt of the REIT and its Subsidiaries to (b) Total Asset Value, in each case as at the end of the most recently ended fiscal quarter of the REIT for which
financial statements are required to be delivered to the Lenders pursuant to Section 5.03(b) or (c), as the case may be. 
 “Securities Act” means the Securities Act of 1933, as amended to the date hereof and from time to time hereafter, and any successor statute. 

“Securities Exchange Act” means the Securities Exchange Act of 1934, as amended to the date hereof
and from time to time hereafter, and any successor statute. 
 “Selling Lenders” has the
meaning specified in Section 2.18(c). 
 “SIBOR” means in relation to (a) any
Singapore Dollar Revolving Credit Advance in Singapore Dollars, (i) the rate appearing under the caption “ASSOCIATION OF BANKS IN SINGAPORE SIBOR AND SWAP OFFER RATES AT 11 A.M. SINGAPORE TIME” and the column headed “SGD
SIBOR” on the page ABSIRFIX01 of the Reuters Monitor Money Rates Services or (ii) if no such rate is available, the rate reasonably determined by the Administrative Agent as the rate quoted to leading banks in the Singapore interbank
market as of 11.00 A.M. Singapore time on the Quotation Date for the offering of deposits in Singapore Dollars for a period comparable to the applicable Interest Period, and (b) any Swing Line Advance in Singapore Dollars, (i) the rate
quoted to the Administrative Agent by Citibank N.A., Singapore Branch, as the “spot” rate in the Singapore interbank market as of 12.00 P.M. Singapore time on the day of such Swing Line Advance or (ii) if no such rate is available,
the rate reasonably determined by the Administrative Agent as the “spot” rate quoted to leading banks in the Singapore interbank market as of 12.00 P.M. Singapore time on the day of such Swing Line Advance. 

“Singapore Business Day” means a day of the year (other than a Saturday or Sunday) on which banks
are open for general business in Singapore. 
 “Singapore Borrower” means, individually
or collectively, as the context may require, the Initial Singapore Borrower and each Additional Borrower that is designated as a Borrower with respect to Borrowings under the Singapore Dollar Revolving Credit Facility in Singapore Dollars or Swing
Line Borrowings under the Singapore Swing Line Facility in Singapore Dollars. 
 “Singapore Dollar
Commitment Increase” has the meaning specified in Section 2.16(a). 
 “Singapore
Dollar Purchasing Lender” has the meaning specified in Section 2.16(e). 

  
 27 

 “Singapore Dollar Revolving Credit Advance” has the
meaning specified in Section 2.01(a). 
 “Singapore Dollar Revolving Credit
Commitment” means, (a) with respect to any Lender at any time, the amount set forth opposite such Lender’s name on Schedule I hereto under the caption “Singapore Dollar Revolving Credit Commitment” or (b) if
such Lender has entered into one or more Transfer Certificates or Assumption Agreements, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Lender’s “Singapore Dollar
Revolving Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05 or 2.18 or increased pursuant to Section 2.16 or 2.18. 

“Singapore Dollar Revolving Credit Facility” means, at any time, the aggregate amount of
the Lenders’ Singapore Dollar Revolving Credit Commitments at such time. 
 “Singapore Dollar
Revolving Lender” means any Person that is a Lender hereunder in respect of the Singapore Dollar Revolving Credit Facility in its capacity as a Lender in respect of such Facility. 

“Singapore Dollar Revolving Credit Pro Rata Share” of any amount means, with respect to any Lender
at any time, the product of such amount times a fraction the numerator of which is the amount of such Lender’s Singapore Dollar Revolving Credit Commitment at such time (or, if the Commitments shall have been terminated pursuant to
Section 2.05 or 6.01, such Lender’s Singapore Dollar Revolving Credit Commitment as in effect immediately prior to such termination, as adjusted from time to time in connection with any assignment that occurs following such termination)
and the denominator of which is the Singapore Dollar Revolving Credit Facility at such time (or, if the Commitments shall have been terminated pursuant to Section 2.05 or 6.01, the Singapore Dollar Revolving Credit Facility as in effect
immediately prior to such termination, as adjusted from time to time in connection with any assignment that occurs following such termination). 
 “Singapore Dollar Selling Lender” has the meaning specified in Section 2.16(e). 
 “Singapore Dollars” and the “S$” sign each means lawful currency of Singapore. 

“Singapore Swing Line Facility” has the meaning specified in Section 2.01(c). 

“Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of
ERISA, in which (a) any Loan Party or any ERISA Affiliate and no Person other than the Loan Parties and the ERISA Affiliates is a contributing sponsor or (b) any Loan Party or any ERISA Affiliate, and no Person other than the Loan Parties
and the ERISA Affiliates, is a contributing sponsor if such Loan Party or ERISA Affiliate could reasonably be expected to have liability under Section 4069 of ERISA in the event such plan has been or were to be terminated. 

“Sister Subsidiary” means a Subsidiary of the Operating Partnership that is not a Subsidiary of
any Borrower but that owns or leases an Unencumbered Asset. 
 “Solvent” means, with
respect to any Person on a particular date, that on such date (a) the fair value of the property of such Person, on a going-concern basis, is greater than the total amount of liabilities, including, without limitation, contingent liabilities,
of such Person, (b) the present fair salable value of the assets of such Person, on a going-concern basis, is not less than the amount that will be required to pay the probable liability of such Person on its debts as they

  
 28 

 
become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and
liabilities as they mature and (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital. The
amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time (including, without limitation, after taking into account appropriate discount factors for the
present value of future contingent liabilities), represents the amount that can reasonably be expected to become an actual or matured liability. 
 “Standing Payment Instruction” means, in relation to each Lender, the payment instruction set out in Schedule I or in any relevant Transfer Certificate or Assumption Agreement, as
amended from time to time by written instructions notified by a duly authorized officer of the relevant Lender to the Administrative Agent, provided that such written instructions are to be made by letter in original. 

“Sterling” means lawful currency of the United Kingdom of Great Britain and Northern Ireland.

 “Subordinated Obligations” has the meaning specified in Section 7.07(a).

 “Subsidiary” of any Person means any corporation, partnership, joint venture, limited
liability company, trust or estate (i) of which (or in which) more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of
whether at the time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such partnership, joint venture or
limited liability company or (c) the beneficial interest in such trust or estate, in each case, is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more
of such Person’s other Subsidiaries, or (ii) the accounts of which would appear on the Consolidated financial statements of such Person in accordance with GAAP. 

“Subsidiary Guarantor” has the meaning specified in the recital of parties to this Agreement. For
the avoidance of doubt, each Subsidiary of the REIT that owns or leases an Unencumbered Asset shall be a Subsidiary Guarantor. 
 “Surviving Debt” means Debt of each Loan Party and its Subsidiaries outstanding immediately after the Effective Date, including, without limitation, all Debt then outstanding under
the Corporate Credit Agreement and the Note Documents. 
 “Swing Line Advance” means an
advance made by (a) a Swing Line Bank pursuant to Section 2.01(c) or (b) any Lender pursuant to Section 2.02(b). 
 “Swing Line Deadline” means (a) 10:00 A.M. (Singapore time) in the case of Swing Line Advances in Singapore Dollars, (b) 10:00 A.M. (Singapore time) in the case of Swing
Line Advances in Hong Kong Dollars, and (c) 10:00 A.M. (Sydney time) in the case of Swing Line Advances in Australian Dollars. 
 “Swing Line Bank” means, individually or collectively, as the context may require, (a) Citibank N.A., Singapore Branch, in its capacity as the Lender of Swing Line Advances in

  
 29 

 
Singapore Dollars and Hong Kong Dollars, and (b) Citibank, N.A., Sydney Branch, in its capacity as the Lender of Swing Line Advances in Australian Dollars, and their respective successors
and permitted assigns in such capacity. 
 “Swing Line Borrowing” means a borrowing
consisting of a Swing Line Advance made by a Swing Line Bank pursuant to Section 2.01(c) or the applicable Lenders pursuant to Section 2.02(b). 
 “Swing Line Commitment” means, with respect to each Swing Line Facility, the amount set forth opposite the applicable Swing Line Bank’s name on Schedule I hereto under the
caption “Swing Line Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.04 or reallocated in accordance with Section 2.18. 

“Swing Line Facility” means the Singapore Swing Line Facility or the Australian Swing Line
Facility. 
 “Swiss Francs” means lawful currency of the Swiss Federation. 

“Tax” means any tax, levy, impost, duty or other charge or withholding of a similar nature
(including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same). 
 “Tax Credit” means a credit against, relief or remission for, or repayment or refund of any Tax. 

“Tax Deduction” means a deduction or withholding for or on account of Tax from a payment under a
Loan Document. 
 “Tax Payment” means an increased payment made by a Loan Party to the
Administrative Agent or any Lender under Section 2.11(a) or a payment under Section 2.11(b). 

“Tenancy Leases” means operating leases, subleases, licenses, occupancy agreements and
rights-of-use entered into by the Borrowers or any of their Subsidiaries in its capacity as a lessor or a similar capacity in the ordinary course of business that do not materially and adversely affect the use of the Real Property encumbered thereby
for its intended purpose. 
 “Termination Date” means the earlier of
(a) August 17, 2012, and (b) the date of termination in whole of the Revolving Credit Commitments and the Swing Line Commitments pursuant to Section 2.05 or 6.01. 

“Total Asset Value” means, on any date of determination, (a) the sum of the Asset Values for
all Assets at such date, plus (b) all unrestricted cash and Cash Equivalents on hand of the REIT and its Subsidiaries. 
 “Total Reallocation Amount” has the meaning specified in Section 2.18(a). 
 “Total Unencumbered Asset Value” means an amount equal to the sum of the Asset Values of all Unencumbered Assets; provided, however, that, if at any time (a) there
shall be fewer than three Unencumbered Assets, (b) the sum of the Asset Values of all Unencumbered Assets shall not be equal to or greater than U.S.$115,000,000 or (c) the weighted average occupancy of all Unencumbered Assets (other than
Development Assets and Redevelopment 

  
 30 

 
Assets) shall not be greater than or equal to 70% (provided that, if such weighted average occupancy shall not be greater than or equal to 70%, Borrowers shall have twenty-one
(21) days to cause such weighted average occupancy to be greater than or equal to 70% before the Total Unencumbered Asset Value is reduced to zero, and such increased weighted average occupancy shall be evidenced by an updated Unencumbered
Asset Certificcate delivered to the Administrative Agent by the Borrowers prior to the expiration of such twenty-one (21) day period), the Total Unencumbered Asset Value shall be zero; provided further that (x) the portion of Total
Unencumbered Asset Value attributable to Unencumbered Assets located in Spain shall not exceed 10% of the Total Unencumbered Asset Value (the amount by which the sum of the Asset Values attributable to Unencumbered Assets located in Spain exceeds
such percentage being the “Excess Spain Value”), (y) the portion of Total Unencumbered Asset Value attributable to Unencumbered Assets located in France shall not exceed the sum of all Qualified French Intercompany Loans
(the amount by which the sum of the Asset Values attributable to Unencumbered Assets located in France exceeds such sum being the “Excess France Value”), and (z) the Unencumbered Asset Value of each Unencumbered Asset
located in a Withholding Tax Jurisdiction shall be subject to the Withholding Tax Adjustment; provided still further that if the sum of the Asset Values of all Unencumbered Assets comprised of Redevelopment Assets and Development Assets
(provided that the portion of such combined total sum arising from Unencumbered Assets comprised of Development Assets shall not exceed 10% of the Total Unencumbered Asset Value) shall exceed 33% of the Total Unencumbered Asset Value, then
Total Unencumbered Asset Value shall be reduced by the amount of such excess. 

“Transfer” has the meaning specified in Section 5.02(f). 

“Transfer Certificate” means a certificate substantially in the form attached hereto as Exhibit
D or any other form agreed between the Administrative Agent and the Operating Partnership. 

“Transfer Date” means, in relation to an assignment by a Lender pursuant to Section 9.07(a),
the later of: (a) the proposed Transfer Date specified in the Transfer Certificate and (b) the date which is the fifth Business Day after the date of delivery of the relevant Transfer Certificate to the Administrative Agent, or such
earlier Business Day endorsed by the Administrative Agent on such Transfer Certificate. 

“U.S.$” and “United States Dollars” each means the lawful currency of the
United States of America. 
 “U.S. Tax Compliance Certificate” has the meaning specified
in Section 2.11(f). 
 “UCC” means the Uniform Commercial Code as in effect, from
time to time, in the State of New York, provided that, if perfection or the effect of perfection or non-perfection or the priority of any security interest under any Loan Document is governed by the Uniform Commercial Code as in effect in a
jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of
perfection or non-perfection or priority. 
 “Unencumbered Asset Conditions” means, with
respect to any Proposed Unencumbered Asset, that such Proposed Unencumbered Asset (a) is an Office Asset, Redevelopment Asset or Development Asset located in an International Jurisdiction, (b) is owned in fee simple absolute (or the
equivalent thereof in the applicable jurisdiction in which the Proposed Unencumbered 

  
 31 

 
Asset is located) or subject to a Qualifying Ground Lease, (c) except in the case of a Redevelopment Asset or a Development Asset, is income-producing, (d) is not subject to mezzanine
Debt financing, (e) is not subject to any Lien (other than Permitted Liens) or any Negative Pledge or any provision of the Note Documents that restricts the ability of any Loan Party to encumber its assets, (f) to the extent owned by a
Loan Party that is a Subsidiary of a Borrower or is a Sister Subsidiary, none of the direct or indirect Equity Interests in such Subsidiary or Sister Subsidiary owner is subject to any Lien (other than Permitted Liens), any Negative Pledge or any
provision of the Note Documents that restricts the ability of any Loan Party to encumber its assets, (g) is an Asset with respect to which the Operating Partnership directly, or indirectly through such Subsidiary or Sister Subsidiary owner, has
the right to take the following actions without the need to obtain the consent of any Person: (i) to create Liens on such Asset as security for the Obligations of the Loan Parties under or in respect of the Loan Documents, and (ii) to
sell, transfer or otherwise dispose of such Asset (provided, however, that in the case of the foregoing clauses (g)(i) and (g)(ii), an agreement that conditions a Person’s ability to create Liens on its assets or to sell, transfer
or otherwise dispose of its assets upon the maintenance of one or more specified ratios but that does not otherwise generally prohibit the creation of Liens on assets or the sale, transfer or disposition of assets, or the taking of such actions with
respect to specific assets, shall not be deemed a violation of or prohibition under this clause (g), (h) is owned directly by a Borrower, a Subsidiary of a Borrower or a Sister Subsidiary, provided that any such Subsidiary of a Borrower
or Sister Subsidiary shall (i) be a Guarantor and (ii) not be a guarantor or otherwise be an obligor with respect to the obligations under the Corporate Credit Agreement, the other Corporate Loan Documents or the Note Documents,
(i) in the case of ownership by (i) a Subsidiary of a Borrower, one-hundred percent (100%) of all of the equity interests (other than directors’ qualifying shares) and voting interests (such ownership being defined as
“Wholly-Owned”) of such Subsidiary are owned by one or more of the Borrowers and/or any other Wholly-Owned Subsidiary of the Borrowers at such time and (ii) a Sister Subsidiary, one-hundred percent (100%) of all of
the equity interests (other than directors’ qualifying shares) and voting interests of such Sister Subsidiary are owned by one or more of the Operating Partnership and/or any other Wholly-Owned Subsidiary of the Operating Partnership at such
time, (j) in the case of ownership by a Guarantor domiciled in an International Jurisdiction (other than the United States), the applicable law of which prohibits financial assistance of subsidiaries to their parents, either (i) indirect
ownership of such Asset was not acquired by a Borrower or the Operating Partnership through the purchase of, or subscription to, Equity Interests in such Guarantor or through the purchase of, or subscription to, other instruments giving the right to
purchase Equity Interests in such Guarantor, or (ii) any applicable white-wash procedures have been completed to the satisfaction of the Administrative Agent and its local counsel in such jurisdiction, and (k) in the case of ownership by a
Guarantor domiciled in France, such Guarantor is the borrower under a Qualified French Intercompany Loan documented in form and substance reasonably satisfactory to the Administrative Agent. 

“Unencumbered Assets” means only those Office Assets, Redevelopment Assets and Development Assets
(a) for which the applicable conditions (as may be determined by the Administrative Agent in its sole discretion) in Section 3.01 and, if applicable, 5.01(j)(iii) have been satisfied and as the Administrative Agent or the Required Lenders,
in their sole discretion, shall from time to time elect to consider Unencumbered Assets for purposes of this Agreement, and (b) listed on Schedule II hereto (as supplemented from time to time pursuant to Section 5.01(j)(iii)). Without
limitation of the foregoing, no Redevelopment Asset or Development Asset shall qualify as an Unencumbered Asset without the prior approval of the Administrative Agent (which approval shall not be unreasonably withheld). 

  
 32 

 “Unencumbered Assets Certificate” means a
certificate in substantially the form of Exhibit E hereto, duly certified by the Chief Financial Officer or other Responsible Officer of the REIT. 
 “Unencumbered Assets Debt Service Coverage Ratio” means, at any date of determination, the ratio of (a) the aggregate Adjusted Net Operating Income for all Unencumbered Assets
to (b) four times the actual interest expense of the Borrowers, their Subsidiaries and the Sister Subsidiaries on all Unsecured Debt of such Persons for the fiscal quarter of the REIT most recently ended for which financial statements
are required to be delivered pursuant to Section 5.03(b) or (c), as the case may be. 

“Unsecured Debt” means, at any date of determination, the amount at such time of all Consolidated
Debt of the REIT and its Subsidiaries, including, without limitation, the Facility Exposure (as defined herein), but exclusive of (a) Debt secured by any Lien, (b) guarantee obligations in respect of Debt secured by any Lien, and
(c) guaranties by parent entities of the Recourse Debt of one or more of their respective Subsidiaries in an aggregate amount not greater than 5.0% of Total Asset Value. 

“Unused Fee” has the meaning specified in Section 2.07(a). 

“Unused Australian Dollar Revolving Credit Commitment” means, with respect to any Lender with an
Australian Dollar Revolving Credit Commitment at any time, (a) such Lender’s Australian Dollar Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Australian Dollar
Revolving Credit Advances and Swing Line Advances in Australian Dollars made by such Lender and outstanding at such time plus (ii) such Lender’s Australian Dollar Revolving Credit Pro Rata Share of the aggregate principal amount of
all Swing Line Advances in Australian Dollars made by the applicable Swing Line Bank pursuant to Section 2.01(c) and owed to such Swing Line Bank at such time. 

“Unused Revolving Credit Commitment” means, with respect to any Lender at any time, the sum of
(a) such Lender’s Unused Australian Dollar Revolving Credit Commitment at such time and (b) such Lender’s Unused Singapore Dollar Revolving Credit Commitment at such time. 

“Unused Singapore Dollar Revolving Credit Commitment” means, with respect to any Lender with a
Singapore Dollar Revolving Credit Commitment at any time, (a) such Lender’s Singapore Dollar Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Singapore Dollar
Revolving Credit Advances and Swing Line Advances in Singapore Dollars and Hong Kong Dollars made by such Lender and outstanding at such time plus (ii) such Lender’s Singapore Dollar Revolving Credit Pro Rata Share of the aggregate
principal amount of all Swing Line Advances in Singapore Dollars and Hong Kong Dollars made by the applicable Swing Line Bank pursuant to Section 2.01(c) and owed to such Swing Line Bank at such time. In the case of Singapore Dollar Revolving
Credit Advances and Swing Line Advances in Hong Kong Dollars, the Equivalent amount thereof in Singapore Dollars shall be used for the purposes of the calculations in this definition. 

“Unused Swing Line Commitment” means, with respect to each Swing Line Bank with a Swing Line
Credit Commitment at any time, (a) such Swing Line Bank’s Swing Line Commitment at such time minus (b) the sum of the aggregate principal amount of all Swing Line Advances made by such Swing Line Bank and outstanding at such
time. In the case of Swing Line Advances in Hong Kong Dollars, the Equivalent amount thereof in Singapore Dollars shall be used for the purposes of the calculations in this definition. 

  
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 “Voting Interests” means shares of capital stock
issued by a corporation, or equivalent Equity Interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such
Person, even if the right so to vote has been suspended by the happening of such a contingency. 

“Withdrawal Liability” has the meaning specified in Part I of Subtitle E of Title IV of ERISA.

 “Withholding Tax Adjustment” means, with respect to any Unencumbered Asset located in
a Withholding Tax Jurisdiction, a reduction of the Asset Value of the Unencumbered Asset by a percentage equal to the highest withholding tax rate applicable in such jurisdiction to the making of an interest payment on Debt to a lender domiciled in
Singapore or Australia as calculated by the Borrowers, to the satisfaction of the Administrative Agent, and reported to the Administrative Agent on a quarterly basis pursuant to Section 5.03(c). 

“Withholding Tax Jurisdiction” means any International Jurisdiction as to which local counsel
retained by the Administrative Agent in such jurisdiction have been unable to confirm that the taxing authorities in such jurisdiction would not impose withholding taxes on payments made by the Borrowers or the Guarantors domiciled in such
International Jurisdiction in respect of Guaranteed Obligations to Lenders domiciled in Singapore, Hong Kong or Australia. As of the Effective Date, of the identified International Jurisdictions, the jurisdiction of Spain comprises a Withholding Tax
Jurisdiction. 
 SECTION 1.02 Computation of Time Periods; Other Definitional Provisions. In this Agreement and the
other Loan Documents in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and
“until” each mean “to but excluding”. References in the Loan Documents to any agreement or contract “as amended” shall mean and be a reference to such agreement or contract as amended,
amended and restated, supplemented or otherwise modified from time to time in accordance with its terms. 
 SECTION 1.03
Accounting Terms. All accounting terms not specifically defined herein shall be construed in accordance with generally accepted accounting principles consistent with those applied in the preparation of the financial statements of the REIT
referred to in Section 4.01(g) (“GAAP”). 
 ARTICLE II 

AMOUNTS AND TERMS OF THE ADVANCES 
 SECTION 2.01 The Advances. (a) Singapore Dollar Revolving Credit Advances. Each Lender with a Singapore Dollar Revolving Credit Commitment severally agrees, on the terms and
conditions hereinafter set forth, to make advances (each, a “Singapore Dollar Revolving Credit Advance”) in Singapore Dollars to a Singapore Borrower and in Hong Kong Dollars to a Hong Kong Borrower, in each case from time to
time on any Business Day during the period from the date hereof until the Termination Date in an amount for each such Singapore Dollar Revolving Credit Advance not to exceed such Lender’s Unused Singapore Dollar Revolving Credit Commitment at
such time. The Equivalent in Singapore Dollars of the portion of the Facility Exposure denominated in Hong Kong Dollars plus the portion of the Facility Exposure denominated in Singapore Dollars shall not at any time exceed the aggregate
Singapore Dollar Revolving Credit Commitments. Each Borrowing shall be in an aggregate amount not less than the Revolving Credit Borrowing Minimum or a Revolving Credit Borrowing Multiple in excess thereof and shall consist of Singapore Dollar
Revolving Credit Advances in 

  
 34 

 
Singapore Dollars or Hong Kong Dollars made simultaneously by the Lenders with Singapore Dollar Revolving Credit Commitments ratably according to their Singapore Dollar Revolving Credit
Commitments. Within the limits of each Lender’s Unused Singapore Dollar Revolving Credit Commitment in effect from time to time and prior to the Termination Date, each Singapore Borrower and Hong Kong Borrower may borrow under this
Section 2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a). 
 (b) Australian
Dollar Revolving Credit Advances. Each Lender with an Australian Dollar Revolving Credit Commitment severally agrees, on the terms and conditions hereinafter set forth, to make advances (each, an “Australian Dollar Revolving Credit
Advance”) in Australian Dollars to an Australia Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date (A) in an amount for each such Australian Dollar Revolving Credit
Advance not to exceed such Lender’s Unused Australian Dollar Revolving Credit Commitment at such time and (B) the Equivalent in Singapore Dollars of the portion of the Facility Exposure denominated in Australian Dollars shall not at any
time exceed the percentage of the aggregate Commitments obtained by dividing (1) the Australian Dollar Revolving Credit Commitments by (2) the sum of the Australian Dollar Revolving Credit Commitments and the Singapore Dollar Revolving
Credit Commitments. Each Borrowing shall be in an aggregate amount not less than the Revolving Credit Borrowing Minimum or a Revolving Credit Borrowing Multiple in excess thereof and shall consist of Australian Dollar Revolving Credit Advances made
simultaneously by the Lenders with Australian Dollar Revolving Credit Commitments ratably according to their Australian Dollar Revolving Credit Commitments. Within the limits of each Lender’s Unused Australian Dollar Revolving Credit Commitment
in effect from time to time and prior to the Termination Date, each Australia Borrower may borrow under this Section 2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b). 

(c) Swing Line Advances. A Borrower may request the applicable Swing Line Bank to make, and such Swing Line Bank agrees to make,
on the terms and conditions hereinafter set forth, Swing Line Advances denominated in (x) Singapore Dollars to a Singapore Borrower, (y) Australian Dollars to an Australia Borrower or (z) Hong Kong Dollars to a Hong Kong Borrower,
from time to time on any Business Day during the period from the date hereof until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding (A) for Swing Line Advances in Singapore Dollars, the Swing Line
Commitment relating to the Swing Line facility denominated in Singapore Dollars (the “Singapore Swing Line Facility”) or (B) for Swing Line Advances in Australian Dollars, the Swing Line Commitment relating to the Swing
Line facility denominated in Australian Dollars (the “Australian Swing Line Facility”) and (ii) in an amount for each such Swing Line Borrowing not to exceed the aggregate of the Unused Singapore Dollar Revolving Credit
Commitments of the Lenders with Singapore Dollar Revolving Credit Commitments at such time with respect to Swing Line Advances under the Singapore Swing Line Facility and the aggregate of the Unused Australian Dollar Revolving Credit Commitments of
the Lenders with Australian Dollar Revolving Credit Commitments at such time with respect to Swing Line Advances under the Australian Swing Line Facility. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any
other Swing Line Advance. Each Swing Line Borrowing shall be in an amount of (A) S$250,000 or an integral multiple of S$250,000 in excess thereof in the case of Swing Line Advances in Singapore Dollars, (B) HK$50,000 or an integral
multiple of HK$50,000 in excess thereof in the case of Swing Line Advances in Hong Kong Dollars, and (C) A$250,000 or an integral multiple of A$250,000 in excess thereof in the case of Swing Line Advances in Australian Dollars. Within the
limits of each Swing Line Facility and within the limits referred to in clause (ii) above, each Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.03(b) or prepay pursuant to Section 2.05(a) and reborrow
under this Section 2.01(c). 
 SECTION 2.02 Making the Advances. (a) Each Borrowing shall be made on
notice, given not later than 10:00 A.M. (Singapore time) on the third Business Day prior to the date of the 

  
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proposed Borrowing by the applicable Borrower to the Administrative Agent, and with respect to the initial Borrowing, such notice may be provided to the Administrative Agent prior to the date
hereof. The Administrative Agent shall give to each relevant Lender prompt notice thereof by telex or telecopier. Each such notice of a Borrowing (a “Notice of Borrowing”) shall be by telex or telecopier or e-mail, in each
case in substantially the form of Exhibit B hereto, specifying therein (i) the requested date of such Borrowing, (ii) the Facility under which such Borrowing is requested, (iii) the aggregate amount of such Borrowing, (iv) the
initial Interest Period for each such Advance, (v) the currency of such Borrowing, (vi) the applicable Borrower proposing such Borrowing, and (vii) the portion of funds from such Borrowing to be applied to the repayment of Swing Line
Advances (including the currency thereof) and the interest accrued and unpaid thereon in accordance with the last sentence of this Section 2.02(a). Each Lender with a Commitment in respect of the applicable Facility shall, before 12:00 P.M.
(Singapore time) on the date of such Borrowing make available for the account of its Applicable Lending Office to the Administrative Agent at the applicable Administrative Agent’s Account, in same day funds, such Lender’s ratable portion
of such Borrowing in accordance with the respective Commitments of such Lender and the other Lenders in respect of the applicable Facility. After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions
set forth in Article III, the Administrative Agent will make such funds available to the applicable Borrower by crediting the Borrower’s Account; provided, however, that in the case of any Borrowing, if requested by the applicable
Borrower in its Notice of Borrowing, the Administrative Agent shall first make a portion of such funds equal to the aggregate principal amount of any Swing Line Advances made by the Swing Line Bank and by any other Lender and outstanding on the date
of such Borrowing, plus interest accrued and unpaid thereon to and as of such date, available to the Swing Line Bank and such other Lenders for repayment of such Swing Line Advances. 

(b) Each Swing Line Borrowing shall be made on notice, given not later than the Swing Line Deadline on the date of the proposed Swing
Line Borrowing, by the applicable Borrower to the applicable Swing Line Bank and the Administrative Agent. Each such notice of a Swing Line Borrowing (a “Notice of Swing Line Borrowing”) shall be by e-mail, in each case
specifying therein the requested (i) date of such Borrowing, (ii) amount of such Borrowing and (iii) maturity of such Borrowing (which maturity shall be no later than the earlier of (A) the seventh day after the requested date of
such Borrowing and (B) the Termination Date), (iii) the currency of such Borrowing, and (iv) the Borrower proposing such Borrowing. The applicable Swing Line Bank shall, before (x) 1:00 P.M. (Singapore time) on the date of
such Swing Line Borrowing in the case of Swing Line Borrowings under the Singapore Swing Line Facility and (y) 1.00 P.M. (Sydney time) on the date of such Swing Line Borrowing in the case of Swing Line Borrowings under the Australian Swing Line
Facility, make the amount thereof available to the applicable Borrower by crediting a Borrower’s Account maintained by the applicable Borrower in same day funds upon confirmation by the Administrative Agent of the fulfillment of the applicable
conditions set forth in Article III. Upon written demand by the applicable Swing Line Bank, with a copy of such demand to the Administrative Agent, each other Singapore Dollar Revolving Lender shall purchase from such Swing Line Bank, and such Swing
Line Bank shall sell and assign to each such other Singapore Dollar Revolving Lender, such other Singapore Dollar Revolving Lender’s Singapore Dollar Revolving Credit Pro Rata Share of an outstanding Swing Line Advance in Singapore Dollars or
Hong Kong Dollars as of the date of such demand, by making available for the account of its Applicable Lending Office to the Administrative Agent for the account of such Swing Line Bank, by deposit to the Administrative Agent’s Account, in same
day funds, an amount equal to the portion of the outstanding principal amount of such Swing Line Advance to be purchased by such Singapore Dollar Revolving Lender. The Borrowers hereby agree to each such sale and assignment. Each such Lender agrees
to purchase its Singapore Dollar Revolving Credit Pro Rata Share of an outstanding Swing Line Advance on (i) the Business Day on which demand therefor is made by such Swing Line Bank, provided that notice of such demand is given not
later than 11:30 A.M. (Singapore City time) on such Business Day or (ii) the first Business Day next succeeding such demand if notice of such demand is given after such time. Upon 

  
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written demand by the applicable Swing Line Bank, with a copy of such demand to the Administrative Agent, each other Australian Dollar Revolving Lender shall purchase from such Swing Line Bank,
and such Swing Line Bank shall sell and assign to each such other Australian Dollar Revolving Lender, such other Australian Dollar Revolving Lender’s Australian Dollar Revolving Credit Pro Rata Share of an outstanding Swing Line Advance in
Australian Dollars as of the date of such demand, by making available for the account of its Applicable Lending Office to the Administrative Agent for the account of such Swing Line Bank, by deposit to the Administrative Agent’s Account, in
same day funds, an amount equal to the portion of the outstanding principal amount of such Swing Line Advance to be purchased by such Australian Dollar Revolving Lender. The Borrowers hereby agree to each such sale and assignment. Each such Lender
agrees to purchase its Australian Dollar Revolving Credit Pro Rata Share of an outstanding Swing Line Advance on (i) the Business Day on which demand therefor is made by such Swing Line Bank, provided that notice of such demand is given
not later than 11:30 A.M. (Sydney time) on such Business Day or (ii) the first Business Day next succeeding such demand if notice of such demand is given after such time. Upon any such assignment by any Swing Line Bank to any other Lender of a
portion of a Swing Line Advance, the applicable Swing Line Bank represents and warrants to such other Lender that such Swing Line Bank is the legal and beneficial owner of such interest being assigned by it, but makes no other representation or
warranty and assumes no responsibility with respect to such Swing Line Advance, the Loan Documents or any Loan Party. If and to the extent that any Lender shall not have so made the amount of such Swing Line Advance available to the Administrative
Agent, such Lender agrees to pay to the Administrative Agent forthwith on demand such amount together with interest thereon, for each day from the date of demand by the applicable Swing Line Bank until the date such amount is paid to the
Administrative Agent, at the Federal Funds Rate. If such Lender shall pay to the Administrative Agent such amount for the account of the applicable Swing Line Bank on any Business Day, such amount so paid in respect of principal shall constitute a
Swing Line Advance made by such Lender on such Business Day for purposes of this Agreement, and the outstanding principal amount of the Swing Line Advance made by the applicable Swing Line Bank shall be reduced by such amount on such Business Day.

 (c) Anything in subsection (a) above to the contrary notwithstanding, there may not be more than fifteen
(15) separate Interest Periods outstanding at any time. 
 (d) Each Notice of Borrowing and Notice of Swing Line Borrowing
shall be irrevocable and binding on the Borrowers. The Borrowers shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure of any Borrower to fulfill on or before the date specified in such
Notice of Borrowing for the applicable Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss, cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired
by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date. 
 (e) Unless the Administrative Agent shall have received notice from a Lender prior to the date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s
ratable portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with subsection (a) of this Section 2.02 and
the Administrative Agent may, in reliance upon such assumption, make available to the applicable Borrower on such date a corresponding amount. If and to the extent that such Lender shall not have so made such ratable portion available to the
Administrative Agent, such Lender and the applicable Borrower severally agree to repay or pay to the Administrative Agent forthwith on demand such corresponding amount and to pay interest thereon, for each day from the date such amount is made
available to the such Borrower until the date such amount is repaid or paid to the Administrative Agent, at (i) in the case of such Borrower, the higher of (A) the interest rate applicable

  
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at such time under Section 2.07 to Advances comprising such Borrowing and (B) the cost of funds incurred by the Administrative Agent in respect of such amount and (ii) in the case
of such Lender, the cost of funds incurred by the Administrative Agent in respect of such amount in the case of Advances. If such Lender shall pay to the Administrative Agent such corresponding amount, such amount so paid shall constitute such
Lender’s Advance as part of such Borrowing for all purposes. 
 (f) The failure of any Lender to make the Advance to be
made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Advance
to be made by such other Lender on the date of any Borrowing. 
 (g) The Borrowers irrevocably and for value authorize each
Lender (at the option of the Lender) from time to time (i) to prepare reliquefication bills of exchange in relation to an Advance to it denominated in Australian Dollars and (ii) to sign them as drawer or endorser in the name of and on
behalf of any Borrower. The total face amount of reliquefication bills prepared by any Lender and outstanding in relation to any Advance must not at any time exceed (A) such Lender’s share of the principal amount of such Advance plus
(B) the total interest on that share over the relevant Interest Period. Reliquefication bills must mature on or before the last day of the relevant Interest Period. Each Lender may realize or deal with any reliquefication bill prepared by
it as it thinks fit. Each Lender shall indemnify the Borrowers on demand against all liabilities, costs and expenses incurred by any Borrower by reason of it being a party to a reliquefication bill prepared by such Lender. The immediately preceding
sentence shall not affect any obligation of the Borrowers under any Loan Document. In particular, the obligations of the Borrowers to make payments under the Loan Documents are not in any way affected by any liability of any Lender, contingent or
otherwise, under the indemnity in this Section 2.02(g). If a reliquefication bill prepared by any Lender is presented to a Borrower and such Borrower discharges it by payment, the amount of that payment will be deemed to have been applied
against the moneys payable to such Lender. 
 (h) Each Lender may, at its option, make any Advance available to any Borrower by
causing any foreign or domestic branch or Affiliate of such Lender to make such Advance; provided, however, that (i) any exercise of such option shall not affect the obligation of such Borrower in accordance with the terms of this
Agreement and (ii) nothing in this Section 2.02(h) shall be deemed to obligate any Lender to obtain the funds for any Advance in any particular place or manner or to constitute a representation or warranty by any Lender that it has
obtained or will obtain the funds for any Advance in any particular place or manner. 
 SECTION 2.03 Repayment of
Advances. (a) The Borrowers shall repay to the Administrative Agent for the ratable account of the Lenders on the Termination Date the aggregate outstanding principal amount of the Advances then outstanding. 

(b) The Borrowers shall repay to the Administrative Agent for the account of (i) the applicable Swing Line Bank and (ii) each
other Lender that has made a Swing Line Advance by purchase from such Swing Line Bank pursuant to Section 2.02(b), the outstanding principal amount of each Swing Line Advance made by each of them on the earlier of the maturity date specified in
the applicable Notice of Swing Line Borrowing (which maturity shall be no later than the seventh day after the requested date of such Swing Line Borrowing) and the Termination Date. 

SECTION 2.04 Termination or Reduction of the Commitments. (a) The Borrowers may, upon at least three (3) Business
Days’ notice to the Administrative Agent, terminate in whole or reduce in part the unused portions of the Unused Revolving Credit Commitments or the Swing Line Facility; provided, however, that each partial reduction of a Facility
(i) shall be in an aggregate amount of 

  
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the Revolving Credit Reduction Minimum (or, in the case of the Singapore Swing Line Facility, S$250,000, or, in the case of the Australian Swing Line Facility, A$250,000) or a Revolving Credit
Reduction Multiple (or in the case of the Singapore Swing Line Facility, S$250,000, or, in the case of the Australian Swing Line Facility, A$250,000) in excess thereof and (ii) shall be made ratably among the Lenders in accordance with their
Commitments with respect to such Facility. Once terminated, a Commitment may not be reinstated. 
 (b) The Borrowers may
terminate the unused amount of the Commitment of a Defaulting Lender upon not less than three (3) Business Days’ prior notice to the Administrative Agent (which will promptly notify the Lenders thereof), and in such event the provisions of
Sections 2.10(g) and Section 2.13(c) will apply to all amounts thereafter paid by the Borrowers for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts),
provided that such termination will not be deemed to be a waiver or release of any claim the Borrowers, the Administrative Agent or any Lender may have against such Defaulting Lender. 

(c) The Singapore Swing Line Facility shall be permanently reduced from time to time on the date of each reduction in the Singapore
Dollar Revolving Credit Facility by the amount, if any, by which the amount of the Singapore Swing Line Facility exceeds the sum of all Singapore Dollar Revolving Credit Commitments. The Australian Swing Line Facility shall be permanently reduced
from time to time on the date of each reduction in the Australian Dollar Revolving Credit Facility by the amount, if any, by which the amount of the Australian Swing Line Facility exceeds the sum of all Australian Dollar Revolving Credit
Commitments. 
 SECTION 2.05 Prepayments. (a) Optional. Any Borrower may, upon three (3) Business
Days’ notice to the Administrative Agent, stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given such Borrower shall, prepay the outstanding aggregate principal amount of the Advances comprising
part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the aggregate principal amount prepaid; provided, however, that (i) each partial prepayment shall be in an aggregate
principal amount not less than the Revolving Credit Reduction Minimum or a Revolving Credit Reduction Multiple in excess thereof or, if less, the amount of the Advances outstanding, (ii) if any prepayment of an Advance is made on a date other
than the last day of an Interest Period for such Advance, such Borrower shall also pay any amounts owing pursuant to Section 9.04(c), and (iii) the foregoing provisions shall not apply to the repayment of Swing Line Advances, which
payments shall be made pursuant to the terms of Section 2.03(b). 
 (b) Mandatory. (i) If the Facility Exposure
attributable to any Facility (which in the case of the Singapore Dollar Revolving Credit Facility, shall be expressed in Singapore Dollars or the Equivalent in Singapore Dollars of any Advances thereunder denominated in any other currency) shall at
any time equal or exceed 105% of the aggregate Commitments then allocable to such Facility, then the applicable Borrower shall, within five (5) Business Days after the earlier of the date on which (A) a Responsible Officer becomes aware of
such event or (B) written notice thereof shall have been given to the Borrowers by the Administrative Agent, prepay an aggregate principal amount of the Advances comprising part of the same Borrowings in an amount equal to the amount by which
the Facility Exposure attributable to the applicable Facility (which, in the case of the Singapore Dollar Revolving Credit Facility, shall be expressed in Singapore Dollars or the Equivalent in Singapore Dollars of any Advances thereunder
denominated in any other currency) exceeds the aggregate Commitments then allocable to such Facility. 
 (ii) The
Borrowers shall, on each Business Day, prepay an aggregate principal amount of the Advances comprising part of the same Borrowings in an amount equal to, after 

  
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taking into account any payments made pursuant to clause (i) above, the amount by which Unsecured Debt of the Borrowers, their Subsidiaries and the Sister Subsidiaries exceeds 70% of the
Total Unencumbered Asset Value on such Business Day. 
 (iii) All prepayments under this subsection
(b) shall be made together with accrued interest to the date of such prepayment on the principal amount prepaid. 

SECTION 2.06 Interest. (a) Scheduled Interest. The Borrowers shall pay interest on the unpaid principal amount of
each Advance owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at the rate per annum equal at all times during each Interest Period for such Advance to the sum of the Floating Rate plus the
Applicable Margin in effect on the first day of such Interest Period, payable in arrears on the last day of such Interest Period. 
 (b) Default Interest. Upon the occurrence and during the continuance of an Event of Default of the type described in Section 6.01(a) or (f) or, at the election of the Administrative Agent
and the Required Lenders, upon the occurrence and during the continuance of any other Event of Default, the Borrowers shall pay interest (both before and after judgment) on (i) the unpaid principal amount of each Advance owing to each Lender,
payable in arrears on the dates referred to in clause (a) above and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on such Advance pursuant to clause (a) above and
(ii) to the fullest extent permitted by law, the amount of any interest, fee or other amount payable under the Loan Documents that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, payable in
arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid, in the case of interest, on the Advance on which such interest has accrued
pursuant to clause (a) above. 
 (b) Notice of Interest Period and Interest Rate. Promptly after receipt of a Notice
of Borrowing pursuant to Section 2.02(a) or a notice of selection of an Interest Period pursuant to the terms of the definition of “Interest Period”, the Administrative Agent shall give notice to the applicable Borrower and each
Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a) above. 
 (c) Market Disruption Events. If a Market Disruption Event occurs in relation to an Advance for any Interest Period for which the Floating Rate was to have been based on SIBOR, then the interest
rate on each Lender’s share of such Advance for the Interest Period shall be the rate per annum which is the sum of (A) the rate notified to the Administrative Agent by such Lender as soon as practicable and in any event before interest is
due to be paid in respect of such Interest Period, to be that which expresses as a percentage rate per annum the cost to such Lender of funding its share of such Advance from whatever source it may reasonably select plus (B) the
Applicable Margin. If a Market Disruption Event occurs and the Administrative Agent or any Borrower so requires, the Administrative Agent and such Borrower shall enter into negotiations (for a period of not more than thirty (30) days) with a
view to agreeing a substitute basis for determining the rate of interest. Any alternative basis agreed pursuant to the immediately preceding sentence shall, with the prior consent of all of the Lenders in the Singapore Dollar Revolving Credit
Facility and the Borrowers, be binding on all parties. 
 SECTION 2.07 Fees. (a) Unused Fee. The
Borrowers shall pay to the Administrative Agent for the account of the Lenders an unused commitment fee (the “Unused Fee”) from the date hereof in the case of each Initial Lender and from the Transfer Date or the effective
date specified in the Assumption Agreement, as the case may be, pursuant to which it became a Lender in the case of each other Lender until the Termination Date, payable in arrears quarterly on the last day of each December, March, June and
September, commencing September 30, 2011, and on the Termination Date. 

  
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The Unused Fee payable for the account of each Lender shall be calculated for each period for which the Unused Fee is payable on the average daily Unused Revolving Credit Commitment of such
Lender during such period at the rate per annum equal to, (a) for any period in which the average daily Facility Exposure for such period is equal to or exceeds 50% of the aggregate Revolving Credit Commitments, 0.25% per annum, and
(b) in all other cases, 0.50% per annum. The Unused Fee shall be payable in (i) Singapore Dollars with respect to Singapore Dollar Revolving Credit Commitments and (ii) Australian Dollars with respect to Australian Dollar
Revolving Credit Commitments. 
 (b) Administrative Agent’s Fees. The Borrowers shall pay to the Administrative
Agent for its own account the fees, in the amounts and on the dates, set forth in the Fee Letter and such other fees as may from time to time be agreed between the Borrowers and the Administrative Agent. 

(c) Defaulting Lenders and Fees. Anything herein to the contrary notwithstanding, during such period as a Lender is a Defaulting
Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to Section 2.07(a) (without prejudice to the rights of the Non-Defaulting Lenders in respect of such fees). 

SECTION 2.08 Applicable Borrower. All Advances in Singapore Dollars shall be advanced to a Singapore Borrower. All Advances
in Australian Dollars shall be advanced to an Australia Borrower. If a Hong Kong Borrower becomes a Borrower pursuant to Section 5.01(r), all Advances in Hong Kong Dollars shall be made to the applicable Hong Kong Borrower. The liability of the
Borrowers for the Obligations under the Loan Documents shall be joint and several. 
 SECTION 2.09 Increased Costs;
Illegality. (a) Increased Costs. Subject to Section 2.09(b), the Borrowers shall, within two Business Days of a demand by the Administrative Agent, pay for the account of a Lender the amount of any Increased Costs incurred by such
Lender or any of its Affiliates as a result of (i) the introduction of or any change in (or in the interpretation or application of) any law or regulation or (ii) compliance with any law or regulation, in each case made after the date that
the applicable Lender became a party to this Agreement. This includes, without limitation, any law or regulation with regard to capital adequacy, prudential limits, liquidity, reserve assets or Tax. A Lender intending to make a claim pursuant to
Section 2.09(a) shall notify the Administrative Agent of the event giving rise to the claim, following which the Administrative Agent shall promptly notify the Borrowers. Each Lender shall, as soon as practicable after a demand by the
Administrative Agent, provide a certificate confirming the amount of its Increased Costs which shall be conclusive absent manifest error. 
 (b) Exceptions. Section 2.09(a) shall not apply to the extent any Increased Cost is (i) attributable to a Tax Deduction required by law to be made by a Loan Party, (ii) compensated
for by Section 2.11(b) (or would have been compensated for under Section 2.11(b) but was not so compensated solely because one of the exclusions in clause (ii) of Section 2.11(b) applied) or (iii) attributable to the willful
breach by the relevant Lender or its Affiliates of any law or regulation. 
 (c) Illegality. Notwithstanding any other
provision of this Agreement, if it becomes unlawful (or impossible as a result of a change in law or regulation) in any jurisdiction for a Lender to perform any of its obligations as contemplated by any Loan Document or to fund or maintain its share
of any Advance made pursuant to its Singapore Dollar Revolving Credit Commitment or Australian Dollar Revolving Credit Commitment (i) such Lender shall promptly notify the Administrative Agent upon becoming aware of that event, (ii) upon
the Administrative Agent notifying the Borrowers, the Singapore Dollar Revolving Credit Commitment or the Australian Dollar Revolving Credit Commitment, as applicable, of such Lender shall be immediately cancelled and (iii) the Borrowers shall
repay such Lender’s participation in each Advance made to each Borrower pursuant to such Singapore Dollar Revolving Credit Commitment or Australian Dollar Revolving Credit Commitment, as applicable, on
(A)

  
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the later of the last day of the current Interest Period for the Advance and the thirtieth day after the Administrative Agent has notified the Borrowers or (B) if earlier, the date specified
by such Lender in the notice delivered to the Administrative Agent (being no earlier than the last day of any applicable grace period permitted by law). 
 SECTION 2.10 Payments and Computations. (a) Subject to the immediately succeeding sentence, the Borrowers shall make each payment hereunder, irrespective of any right of counterclaim or
set-off (except as otherwise provided in Section 2.13), not later than 11:00 A.M. (Singapore time) on the day when due in Singapore Dollars or Hong Kong Dollars to the Administrative Agent at the applicable Administrative Agent’s Account
in same day funds, with payments being received by the Administrative Agent after such time being deemed to have been received on the next succeeding Business Day. The Borrowers shall make each payment hereunder with respect to principal of,
interest on, and other amounts relating to, Advances denominated in Australian Dollars, irrespective of any right of counterclaim or set-off (except as otherwise provided in Section 2.13), not later than 11:00 A.M. (Sydney time) on the day when
due in Australian Dollars to the Administrative Agent at the applicable Administrative Agent’s Account in same day funds, with payments being received by the Administrative Agent after such time being deemed to have been received on the next
succeeding Business Day. The Administrative Agent will promptly thereafter cause like funds to be distributed (i) if such payment by the Borrowers is in respect of principal, interest, commitment fees or any other Obligation then payable
hereunder and under the other Loan Documents to more than one Lender, to such Lenders for the account of their respective Applicable Lending Offices ratably in accordance with the amounts of such respective Obligations then payable to such Lenders
and in accordance with the applicable Standing Payment Instructions and (ii) if such payment by the Borrowers is in respect of any Obligation then payable hereunder to one Lender, to such Lender for the account of its Applicable Lending Office,
in each case to be applied in accordance with the terms of this Agreement. Upon any Assuming Lender becoming a Lender hereunder as a result of a Commitment Increase pursuant to Section 2.16 or Reallocation pursuant to Section 2.18 and upon
the Administrative Agent’s receipt of such Lender’s Assumption Agreement and recording of the information contained therein in the Register, from and after the applicable Increase Date, the Administrative Agent shall make all payments
hereunder and under any other Loan Document issued in connection therewith in respect of the interest assumed thereby to such Assuming Lender in accordance with such Assuming Lender’s Standing Payment Instructions. From and after the Transfer
Date, the Administrative Agent shall make all payments hereunder and under the other Loan Documents in respect of the interest assigned pursuant to the applicable Transfer Certificate to the Lender assignee thereunder in accordance with such Lender
assignee’s Standing Payment Instructions, and the parties to such Transfer Certificate shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves. 

(b) The Borrowers hereby authorize each Lender and each of its Affiliates, if and to the extent payment owed to such Lender is not made
when due under any Loan Document to charge from time to time, to the fullest extent permitted by law, against any or all of the Borrowers’ accounts with such Lender any amount so due. 

(c) All computations of interest and of fees shall be made by the Administrative Agent on the basis of a year of 365 days, in each case
for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be
conclusive and binding for all purposes, absent manifest error. 
 (d) Whenever any payment hereunder or under the other Loan
Documents shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of

  
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interest or commitment fee, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of any Advance to be made in the next following
calendar month, such payment shall be made on the next preceding Business Day. 
 (e) Unless the Administrative Agent shall have
received notice from a Borrower prior to the date on which any payment is due to any Lender hereunder that such Borrower will not make such payment in full, the Administrative Agent may assume that such Borrower has made such payment in full to the
Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, cause to be distributed to each such Lender on such due date an amount equal to the amount then due such Lender. If and to the extent any such
Borrower shall not have so made such payment in full to the Administrative Agent, each such Lender shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender together with interest thereon, for each day from
the date such amount is distributed to such Lender until the date such Lender repays such amount to the Administrative Agent, at the cost of funds incurred by the Administrative Agent in respect of such amount. 

(f) To the extent that the Administrative Agent receives funds for application to the amounts owing by the Borrowers under or in respect
of this Agreement or any other Loan Document in currencies other than the currency or currencies required to enable the Administrative Agent to distribute funds to the Lenders in accordance with the terms of this Section 2.10, the
Administrative Agent shall be entitled to convert or exchange such funds into Singapore Dollars, into Hong Kong Dollars or into Australian Dollars or from Singapore Dollars to Australian Dollars or Hong Kong Dollars, from Hong Kong Dollars to
Singapore Dollars or Australian Dollar or from Australian Dollars to Singapore Dollars or Hong Kong Dollars, as the case may be, to the extent necessary to enable the Administrative Agent to distribute such funds in accordance with the terms of this
Section 2.10, provided that the Borrowers and each of the Lenders hereby agree that the Administrative Agent shall not be liable or responsible for any loss, cost or expense suffered by the Borrowers or such Lender as a result of any
conversion or exchange of currencies effected pursuant to this Section 2.10(f) or as a result of the failure of the Administrative Agent to effect any such conversion or exchange; and provided further that the Borrowers agree to
indemnify the Administrative Agent and each Lender, and hold the Administrative Agent and each Lender harmless, for any and all losses, costs and expenses incurred by the Administrative Agent or any Lender for any conversion or exchange of
currencies (or the failure to convert or exchange any currencies) in accordance with this Section 2.10(f). 
 (g) Whenever
any payment received by the Administrative Agent under this Agreement or any of the other Loan Documents is insufficient to pay in full all amounts due and payable to the Administrative Agent and the Lenders under or in respect of this Agreement and
the other Loan Documents on any date, such payment shall be distributed by the Administrative Agent and applied by the Administrative Agent and the Lenders in the order of priority set forth below in this Section 2.10(g). Payments to the
Lenders shall be in accordance with the applicable Standing Payment Instructions. Upon the occurrence and during the continuance of any Event of Default, Advances denominated in Australian Dollars and Hong Kong Dollars will automatically, on the
date of such Event of Default, be converted on a notional basis into the Equivalent amount of Singapore Dollars solely for the purposes of making any allocations required under this Section 2.10(g) and Section 2.13(c). The order of
priority shall be as follows: 
 (i) first, to the payment of all of the fees, indemnification payments,
costs and expenses that are due and payable to the Administrative Agent (solely in its capacity as Administrative Agent) under or in respect of this Agreement and the other Loan Documents on such date, ratably based upon the respective aggregate
amounts of all such fees, indemnification payments, costs and expenses owing to the Administrative Agent on such date; 

  
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 (ii) second, to the payment of all of the indemnification payments,
costs and expenses that are due and payable to the Lenders under Section 9.04 and any similar section of any of the other Loan Documents on such date, ratably based upon the respective aggregate amounts of all such indemnification payments,
costs and expenses owing to the Lenders on such date; 
 (iii) third, to the payment of all of the amounts
that are due and payable to the Administrative Agent and the Lenders under Sections 2.09 and 2.11 on such date, ratably based upon the respective aggregate amounts thereof owing to the Administrative Agent and the Lenders on such date; 

(iv) fourth, to the payment of all of the fees that are due and payable to the Lenders under Section 2.07(a)
on such date, ratably based upon the respective aggregate Commitments of the Lenders under the Facilities on such date; 
 (v) fifth, to the payment of all of the accrued and unpaid interest on the Obligations of the Borrowers under or in respect of the Loan Documents that is due and payable to the Administrative Agent
and the Lenders under Section 2.06(b) on such date, ratably based upon the respective aggregate amounts of all such interest owing to the Administrative Agent and the Lenders on such date; 

(vi) sixth, to the payment of all of the accrued and unpaid interest on the Advances that is due and payable to the
Administrative Agent and the Lenders under Section 2.06(a) on such date, ratably based upon the respective aggregate amounts of all such interest owing to the Administrative Agent and the Lenders on such date; 

(vii) seventh, to the payment of the principal amount of all of the outstanding Advances that are due and payable
to the Administrative Agent and the Lenders on such date, ratably based upon the respective aggregate amounts of all such principal obligations owing to the Administrative Agent and the Lenders on such date; and 

(viii) eighth, to the payment of all other Obligations of the Loan Parties owing under or in respect of the Loan
Documents that are due and payable to the Administrative Agent and the other Lender Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative Agent and the other Lender Parties on
such date. 
 SECTION 2.11 Taxes (a) Tax Gross-Up. Each Loan Party shall make all payments to be made by it
under the Loan Documents without any Tax Deduction unless a Tax Deduction is required by law. Any Borrower shall promptly upon becoming aware that any Loan Party must make a Tax Deduction (or that there is any change in the rate or the basis of a
Tax Deduction) notify the Administrative Agent accordingly. If the Administrative Agent receives such notification from a Lender it shall notify the Borrowers. If a Tax Deduction is required by law to be made by a Loan Party, except in relation to a
Tax described in Sections 2.11(b)(ii)(A), (B), (C) or (D), the applicable Loan Party shall pay an additional amount together with the payment so that, after making any Tax Deduction, the Administrative Agent or the applicable Lender, as
the case may be, receives an amount equal to the payment which would have been due if no Tax Deduction had been required. If a Loan Party is required to make a Tax Deduction, such Loan Party shall make such Tax Deduction and any payment required in
connection with such Tax Deduction within the time allowed and in the amount required by law. Within thirty (30) days of making either a Tax Deduction or any payment required in connection with that Tax Deduction, the Borrowers shall deliver to
the Administrative Agent for the Administrative Agent and Lenders entitled to the payment, certified copies of official receipts evidencing the making of the Tax 

  
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Deduction or payment (as applicable), or, where the same are not available, other evidence satisfactory to the Administrative Agent, acting reasonably, that the Tax Deduction has been made or (as
applicable) any appropriate payment paid to the relevant taxing authority. 
 (b) Tax Indemnity. (i) The Borrowers
shall (within two Business Days of demand by the Administrative Agent) pay to a Protected Party an amount equal to the Tax paid or payable by such Protected Party in respect of a Loan Document or a transaction or payment under it. 

(ii) Section 2.11(b)(i) above shall not apply (A) with respect to any Tax assessed on the Administrative Agent
or any Lender (1) under the law of the jurisdiction in which the Administrative Agent or such Lender, as applicable, is incorporated or, other than solely as a result of making Advances hereunder, the jurisdiction (or jurisdictions) in which it
is otherwise conducting business or in which the Administrative Agent or such Lender, as applicable, is treated as resident for tax purposes or (2) under the law of the jurisdiction in which the Applicable Lending Office of the Administrative
Agent or such Lender, as applicable, is located in respect of amounts received or receivable in that jurisdiction, if, in either case, such Tax is imposed on or calculated by reference to the net income received or receivable by the Administrative
Agent or such Lender, as applicable, or such Tax is a franchise Tax imposed in lieu thereof or a branch profits Tax, (B) with respect to any withholding Tax imposed on amounts payable to or for the account of the Administrative Agent or any
Lender at the time the Administrative Agent or such Lender, as applicable, becomes a party hereto (other than pursuant to a transfer of rights and obligations under Section 2.12(a)) or designates a new lending office, except in each case to the
extent that, pursuant to Section 2.11(a) or (b), amounts with respect to such Tax was payable to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending
office, (C) with respect to any Tax attributable to any Lender’s failure or inability (other than any inability as a result of a change in law) to comply with Section 2.11(f), (D) with respect to any U.S. federal withholding Tax
imposed pursuant to Sections 1471 through 1474 of the Internal Revenue Code (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), including any current or future implementing Treasury
Regulations and administrative pronouncements thereunder (collectively, “FATCA”), or (E) to the extent the relevant loss, liability or cost is compensated for by an increased payment under Section 2.11(a).

 (iii) A Protected Party making or intending to make a claim pursuant to Section 2.11(b)(i) above shall
promptly notify the Administrative Agent of the event which will give, or has given, rise to the claim, following which the Administrative Agent shall notify the Borrowers. A Protected Party shall, on receiving a payment from a Loan Party under this
Section 2.11(b), notify the Administrative Agent; provided, however, that any delay in providing any such notice shall not affect any party’s rights or obligations hereunder. 

(c) Tax Credit. If a Loan Party makes a Tax Payment and the Administrative Agent or any Lender receiving such Tax Payment
determines in its absolute discretion, exercised in good faith, that (i) a Tax Credit is attributable to such Tax Payment and (ii) the Administrative Agent or such Lender, as applicable, has obtained, utilized and retained that Tax Credit,
then the Administrative Agent or such Lender, as applicable, shall pay an amount to such Loan Party which the Administrative Agent or such Lender, as applicable, determines in its absolute discretion, exercised in good faith, will leave it (after
that payment) in the same after-Tax position as it would have been in had the circumstances not arisen which caused the Tax Payment to be required to be made by such Loan Party. No Protected Party shall be under any obligation to disclose any
information regarding its Tax affairs or modify its Tax affairs as a result of this Section 2.11(c). 

  
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 (d) Stamp Duties and Taxes. The Borrowers shall pay and, within two (2) Business
Days of demand, indemnify the Administrative Agent and each Lender against any cost, loss or liability that the Administrative Agent or any such Lender incurs in relation to any present or future stamp duty, documentary, excise, property,
intangible, mortgage recording, registration or similar taxes, charges or levies payable in respect of any Facility or any Loan Document. 
 (e) Indirect Tax. All payments to be made by the Loan Parties under or in connection with the Loan Documents have been calculated without regard to Indirect Tax. If all or part of any such payment
is the consideration for a taxable supply or chargeable with Indirect Tax then, when the applicable Loan Party makes the payment (i) it must pay to the Administrative Agent or the applicable Lenders, as the case may be, an additional amount
equal to that payment (or part) multiplied by the appropriate rate of Indirect Tax and (ii) the Administrative Agent or such Lender, as applicable, shall promptly provide to the applicable Loan Party a tax invoice complying with the relevant
law relating to such Indirect Tax. Where a Loan Document requires a Loan Party to reimburse the Administrative Agent or any Lender, as applicable, for any costs or expenses, such Loan Party shall also at the same time pay and indemnify the
Administrative Agent or such Lender, as applicable, against all Indirect Tax incurred by the Administrative Agent or such Lender, as applicable, in respect of the costs or expenses, save to the extent that that the Administrative Agent or such
Lender, as applicable, is entitled to repayment or credit in respect of the Indirect Tax. The Administrative Agent or such Lender, as applicable, will promptly provide to the applicable Loan Party a tax invoice complying with the relevant law
relating to that Indirect Tax. 
 (f) Status of Lenders. 

(i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under
any Loan Document shall deliver to the Borrowers and the Administrative Agent, at the time or times reasonably requested by any Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the
Borrowers or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by a Borrower or the Administrative Agent, shall deliver such
other documentation prescribed by applicable law or reasonably requested by such Borrower or the Administrative Agent as will enable such Borrower or the Administrative Agent to determine whether or not such Lender is subject to U.S. backup
withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections
2.11(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially
prejudice the legal or commercial position of such Lender. 
 (ii) Without limiting the generality of the
foregoing, 
 (A) any Lender that is a U.S. person (as defined in Section 7701(a)(30) of the Internal
Revenue Code) shall deliver to the Borrowers and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrowers or the
Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax; 

  
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 (B) any Lender that is not a U.S. person (as defined in
Section 7701(a)(30) of the Internal Revenue Code) (such Lender, a “Non-U.S. Lender”) shall, to the extent it is legally entitled to do so, deliver to the Borrowers and the Administrative Agent (in such number of copies
as shall be requested by the recipient) on or prior to the date on which such Non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of any Borrower or the Administrative Agent), one of
the following: 
 (1) in the case of a Non-U.S. Lender claiming the benefits of an income tax treaty to which
the United States is a party, executed originals of IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax with respect to payments received under any Loan Document; 

(2) executed originals of IRS Form W-8ECI; 

(3) in the case of a Non-U.S. Lender claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Internal Revenue Code, (x) a certificate in a form agreed to (a “U.S. Tax Compliance Certificate”) between the Administrative Agent and the Borrowers to the effect that such Lender (i) is
not a “bank” (within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code), (ii) is not a 10-percent shareholder of the Operating Partnership (within the meaning of Section 881(c)(3)(B) of the Internal Revenue
Code) and (iii) is not a controlled foreign corporation related to the Operating Partnership (within the meaning of Section 881(c)(3)(C) of the Internal Revenue Code), and (y) executed originals of IRS Form W-8BEN; or 

(4) in the case of a Non-U.S. Lender that is not the beneficial owner, executed originals of IRS Form W-8IMY,
accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Non-U.S. Lender is a partnership and one or more
direct or indirect partners of such Non-U.S. Lender are claiming the portfolio interest exemption, such Non-U.S. Lender may provide a U.S. Tax Compliance Certificate on behalf of each such direct and indirect partner; 

(C) any Non-U.S. Lender shall, to the extent it is legally entitled to do so, deliver to the Borrowers and the
Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of any
Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary
documentation as may be prescribed by applicable law to permit the Borrowers or the Administrative Agent to determine the withholding or deduction required to be made; and 

  
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 (D) 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 Internal Revenue Code, as applicable),
such Lender shall deliver to the Borrowers and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by any Borrower or the Administrative Agent such documentation prescribed by applicable law
(including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional documentation reasonably requested by such Borrower or the Administrative Agent as may be necessary for the Borrowers and the Administrative
Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for the purposes of this
clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(iii) Each Lender shall promptly notify the Borrowers and the Administrative Agent of any change in circumstances that
would modify or render invalid any claimed exemption from or reduction of Taxes. 
 SECTION 2.12 Mitigation.
(a) Mitigation. The Administrative Agent and the Lenders shall negotiate in good faith with a view to finding a way to mitigate any circumstances which arise and which would result in any amount becoming payable to it under, or its
Commitment cancelled pursuant to, Section 2.09(a), Section 2.09(c) or Section 2.11 (other than Section 2.11(e)), provided that the Administrative Agent and each Lender shall use reasonable efforts (in each case consistent
with its internal policy and legal and regulatory restrictions) to transfer its rights and obligations under the Loan Documents to an Affiliate or another Applicable Lending Office if such transfer would avoid the need for, or reduce the amount of,
any additional amounts that may thereafter accrue, or would avoid the need for such Commitment to be cancelled. Neither the Administrative Agent nor any Lender shall be obliged to take any steps under Section 2.12(a) if, in the opinion of the
Administrative Agent or such Lender (acting reasonably), to do so might be prejudicial to it. This Section 2.12(a) shall not in any way limit the obligations of any Loan Party under the Loan Documents, including under Section 2.11.

 (b) Indemnity. The Borrowers shall indemnify the Administrative Agent and the Lenders for all costs and expenses
reasonably incurred by the Administrative Agent and the Lenders as a result of steps taken by them under Section 2.12(a). 

SECTION 2.13 Sharing of Payments, Etc. (a) Sharing Within Singapore Dollar Revolving Credit Facility. If any
Singapore Dollar Lender shall obtain at any time any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise, other than as a result of an assignment pursuant to Section 9.07) (a) on account of
Obligations due and payable to such Singapore Dollar Lender under any Loan Document at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations due and payable to such Singapore Dollar Lender
at such time to (ii) the aggregate amount of the Obligations due and payable to all Singapore Dollar Lenders under the Loan Documents at such time) of payments on account of the Obligations due and payable to all Singapore Dollar Lenders under
the Loan Documents at such time obtained by all the Singapore Dollar Lenders at such time or (b) on account of Obligations owing (but not due and payable) to such Singapore Dollar Lender under the Loan Documents at such time in excess of its
ratable share (according to the proportion of (i) the amount of such Obligations owing to such Singapore Dollar Lender at such time to 

  
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(ii) the aggregate amount of the Obligations owing (but not due and payable) to all Singapore Dollar Lenders under the Loan Documents at such time) of payments on account of the Obligations owing
(but not due and payable) to all Singapore Dollar Lenders under the Loan Documents at such time obtained by all of the Singapore Dollar Lenders at such time, such Singapore Dollar Lender shall forthwith purchase from the other Singapore Dollar
Lenders such interests or participating interests in the Obligations due and payable or owing to them, as the case may be, as shall be necessary to cause such purchasing Singapore Dollar Lender to share the excess payment ratably with each of them;
provided, however, that if all or any portion of such excess payment is thereafter recovered from such purchasing Singapore Dollar Lender, such purchase from each other Singapore Dollar Lender shall be rescinded and such other Singapore
Dollar Lender shall repay to the purchasing Singapore Dollar Lender the purchase price to the extent of such Singapore Dollar Lender’s ratable share (according to the proportion of (i) the purchase price paid to such Singapore Dollar
Lender to (ii) the aggregate purchase price paid to all Singapore Dollar Lenders) of such recovery together with an amount equal to such Singapore Dollar Lender’s ratable share (according to the proportion of (i) the amount of such
other Singapore Dollar Lender’s required repayment to (ii) the total amount so recovered from the purchasing Singapore Dollar Lender) of any interest or other amount paid or payable by the purchasing Singapore Dollar Lender in respect of
the total amount so recovered. The Borrowers agree that any Singapore Dollar Lender so purchasing an interest or participating interest from another Singapore Dollar Lender pursuant to this Section 2.13(a) may, to the fullest extent permitted
by law, exercise all its rights of payment (including the right of set-off) with respect to such interest or participating interest, as the case may be, as fully as if such Singapore Dollar Lender were the direct creditor of the Borrowers in the
amount of such interest or participating interest, as the case may be. 
 (b) Sharing Within Australian Dollar Revolving
Credit Facility. If any Australian Dollar Lender shall obtain at any time any payment (whether voluntary, involuntary, through the exercise of any right of set off, or otherwise, other than as a result of an assignment pursuant to
Section 9.07) (a) on account of Obligations due and payable to such Australian Dollar Lender under any Loan Document at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations due
and payable to such Australian Dollar Lender at such time to (ii) the aggregate amount of the Obligations due and payable to all Australian Dollar Lenders under the Loan Documents at such time) of payments on account of the Obligations due and
payable to all Australian Dollar Lenders under the Loan Documents at such time obtained by all the Australian Dollar Lenders at such time or (b) on account of Obligations owing (but not due and payable) to such Australian Dollar Lender under
the Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations owing to such Australian Dollar Lender at such time to (ii) the aggregate amount of the Obligations owing
(but not due and payable) to all Australian Dollar Lenders under the Loan Documents at such time) of payments on account of the Obligations owing (but not due and payable) to all Australian Dollar Lenders under the Loan Documents at such time
obtained by all of the Australian Dollar Lenders at such time, such Australian Dollar Lender shall forthwith purchase from the other Australian Dollar Lenders such interests or participating interests in the Obligations due and payable or owing to
them, as the case may be, as shall be necessary to cause such purchasing Australian Dollar Lender to share the excess payment ratably with each of them; provided, however, that if all or any portion of such excess payment is thereafter recovered
from such purchasing Australian Dollar Lender, such purchase from each other Australian Dollar Lender shall be rescinded and such other Australian Dollar Lender shall repay to the purchasing Australian Dollar Lender the purchase price to the extent
of such Australian Dollar Lender’s ratable share (according to the proportion of (i) the purchase price paid to such Australian Dollar Lender to (ii) the aggregate purchase price paid to all Australian Dollar Lenders) of such recovery
together with an amount equal to such Australian Dollar Lender’s ratable share (according to the proportion of (i) the amount of such other Australian Dollar Lender’s required repayment to (ii) the total amount so recovered from
the purchasing Australian Dollar Lender) of any interest or other amount paid or payable by the purchasing Australian Dollar Lender in respect of the total amount so recovered. The 

  
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Borrowers agree that any Australian Dollar Lender so purchasing an interest or participating interest from another Australian Dollar Lender pursuant to this Section 2.13(b) may, to the
fullest extent permitted by law, exercise all its rights of payment (including the right of set-off) with respect to such interest or participating interest, as the case may be, as fully as if such Australian Dollar Lender were the direct creditor
of the Borrowers in the amount of such interest or participating interest, as the case may be. 
 (c) Pro Rata Sharing
Following Event of Default. Notwithstanding the foregoing provisions of this Section 2.13, following the occurrence and during the continuance of any Event of Default and the notional conversion of all Advances denominated in Australian
Dollars and Hong Kong Dollars into Singapore Dollars pursuant to Section 2.10(g), if any Lender shall obtain at any time any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise, other than as a
result of an assignment pursuant to Section 9.07) (a) on account of Obligations due and payable to such Lender under the Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such
Obligations due and payable to such Lender at such time to (ii) the aggregate amount of the Obligations due and payable to all Lenders under the Loan Documents at such time) of payments on account of the Obligations due and payable to all
Lenders under the Loan Documents at such time obtained by all the Lenders at such time or (b) on account of Obligations owing (but not due and payable) to such Lender under the Loan Documents at such time in excess of its ratable share
(according to the proportion of (i) the amount of such Obligations owing to such Lender at such time to (ii) the aggregate amount of the Obligations owing (but not due and payable) to all Lenders under the Loan Documents at such time) of
payments on account of the Obligations owing (but not due and payable) to all Lenders under the Loan Documents at such time obtained by all of the Lenders at such time, such Lender shall forthwith purchase from the other Lenders such interests or
participating interests in the Obligations due and payable or owing to them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them; provided, however, that if all or
any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each other Lender shall be rescinded and such other Lender shall repay to the purchasing Lender the purchase price to the extent of such
Lender’s ratable share (according to the proportion of (i) the purchase price paid to such Lender to (ii) the aggregate purchase price paid to all Lenders) of such recovery together with an amount equal to such Lender’s ratable
share (according to the proportion of (i) the amount of such other Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender
in respect of the total amount so recovered. The Borrowers agree that any Lender so purchasing an interest or participating interest from another Lender pursuant to this Section 2.13(c) may, to the fullest extent permitted by law, exercise all
its rights of payment (including the right of set-off) with respect to such interest or participating interest, as the case may be, as fully as if such Lender were the direct creditor of the Borrowers in the amount of such interest or participating
interest, as the case may be. 
 SECTION 2.14 Use of Proceeds. The proceeds of the Advances shall be available (and
the Borrowers agrees that it shall use such proceeds) solely for the acquisition and development of Assets, for repayment of Debt, for working capital and for other general corporate purposes of the REIT, the Operating Partnership, the Borrowers and
their Subsidiaries. 
 SECTION 2.15 Evidence of Debt. (a) Each Lender shall maintain in accordance with its
usual practice an account or accounts evidencing the indebtedness of the Borrowers to such Lender resulting from each Advance owing to such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender
from time to time hereunder. 
 (b) The Register maintained by the Administrative Agent pursuant to Section 9.07(d) shall
include a control account, and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of

  
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Advances comprising such Borrowing and, if appropriate, the Interest Period applicable thereto, (ii) the terms of each Transfer Certificate and Assumption Agreement delivered to and accepted
by it, (iii) the amount of any principal or interest due and payable or to become due and payable from each Borrower to each Lender hereunder, and (iv) the amount of any sum received by the Administrative Agent from each Borrower hereunder
and each Lender’s share thereof. 
 (c) Entries made in good faith by the Administrative Agent in the Register pursuant to
subsection (b) above, and by each Lender in its account or accounts pursuant to subsection (a) above, shall be prima facie evidence of the amount of principal and interest due and payable or to become due and payable from each
Borrower to, in the case of the Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement, absent manifest error; provided, however, that the failure of the Administrative Agent or such Lender to
make an entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations of the Borrowers under this Agreement. 

SECTION 2.16 Increase in the Aggregate Commitments. (a) The Borrowers may, at any time by written notice to the
Administrative Agent, request an increase in the aggregate amount of the Revolving Credit Commitments by not less than S$5,000,000 in the aggregate (each such proposed increase, a “Commitment Increase”) to be effective as of
a date that is at least 90 days prior to the scheduled Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, that (i) in no event
shall the aggregate amount of the Commitments at any time exceed S$245,000,000, (ii) on the date of any request by the Borrowers for a Commitment Increase and on the related Increase Date, the conditions set forth in Sections 3.01(a)(i) and
3.02 shall be satisfied and (iii) the Borrowers’ notice to the Administrative Agent shall indicate the proposed allocation of each such Commitment Increase between the Singapore Dollar Revolving Credit Commitments (the
“Singapore Dollar Commitment Increase”) and the Australian Dollar Revolving Credit Commitments (the “Australian Dollar Commitment Increase”). 

(b) The Administrative Agent shall promptly notify the Lenders of each request by the Borrowers for a Commitment Increase, which notice
shall include (i) the proposed amounts of the Singapore Dollar Commitment Increase and the Australian Dollar Commitment Increase, (ii) the proposed Increase Date and (iii) the date by which Lenders wishing to participate in the
Commitment Increase must commit to an increase in the amount of their respective Revolving Credit Commitments (the “Commitment Date”). Each Lender that is willing to participate in such requested Commitment Increase (each, an
“Increasing Lender”) shall, in its sole discretion, give written notice to the Administrative Agent on or prior to the Commitment Date of the amount by which it is willing to increase its Singapore Dollar Revolving Credit
Commitment (an “Increased Singapore Dollar Commitment Amount”) and/or Australian Dollar Revolving Credit Commitment (an “Increased Australian Dollar Commitment Amount”). If the Lenders notify the
Administrative Agent that they are willing to increase the amount of their respective Singapore Dollar Revolving Credit Commitments by an aggregate amount that exceeds the amount of the requested Singapore Dollar Commitment Increase, the requested
Singapore Dollar Commitment Increase shall be allocated to each Lender willing to participate therein in an amount equal to the Singapore Dollar Commitment Increase multiplied by the ratio of each Lender’s Increased Singapore Dollar Commitment
Amount to the aggregate amount of all Increased Singapore Dollar Commitment Amounts. If the Lenders notify the Administrative Agent that they are willing to increase the amount of their respective Australian Dollar Revolving Credit Commitments by an
aggregate amount that exceeds the amount of the requested Australian Dollar Commitment Increase, the requested Australian Dollar Commitment Increase shall be allocated to each Lender willing to participate therein in an amount equal to the
Australian Dollar Commitment Increase multiplied by the ratio of each Lender’s Increased Australian Dollar Commitment Amount to the aggregate amount of all Increased Australian Dollar Commitment Amounts. 

  
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 (c) Promptly following each Commitment Date, the Administrative Agent shall notify the
Borrowers as to the amount, if any, by which the Lenders are willing to participate in the requested Commitment Increase. If (i) the aggregate amount by which the Lenders are willing to participate in any requested Singapore Dollar Commitment
Increase on any such Commitment Date is less than the requested Singapore Dollar Commitment Increase or (ii) the aggregate amount by which the Lenders are willing to participate in any requested Australian Dollar Commitment Increase on any such
Commitment Date is less than the requested Australian Dollar Commitment Increase, then, in either case, the Borrowers may extend offers to one or more Eligible Assignees to participate in any portion of the requested Commitment Increase that has not
been committed to by the Lenders as of the applicable Commitment Date; provided, however, that the Commitment of each such Eligible Assignee shall be in an amount of S$5,000,000 or an integral multiple of S$1,000,000 in excess thereof, or, if
less than S$5,000,000, the amount of the requested Commitment Increase that has not been committed to by the Lenders as of the applicable Commitment Date. 
 (d) On each Increase Date, each Eligible Assignee that accepts an offer to participate in a requested Commitment Increase in accordance with Section 2.16(c) (an “Assuming
Lender”) shall become a Lender party to this Agreement as of such Increase Date and the Singapore Dollar Revolving Credit Commitment and/or Australian Dollar Revolving Credit Commitment, as the case may be, of each Increasing Lender for
such requested Commitment Increase shall be so increased by such amount (or by the amount allocated to such Lender pursuant to the last sentence of Section 2.16(b)) as of such Increase Date; provided, however, that the
Administrative Agent shall have received on or before such Increase Date the following, each dated such date: 

(i) an assumption agreement from each Assuming Lender, if any, in form and substance satisfactory to the Borrowers and the
Administrative Agent (each, an “Assumption Agreement”), duly executed by such Assuming Lender, the Administrative Agent and the Borrowers; and 

(ii) confirmation from each Increasing Lender of the increase in the amount of its Revolving Credit Commitment (and the
allocation thereof between its Singapore Dollar Revolving Credit Commitment and its Australian Dollar Revolving Credit Commitment) in a writing satisfactory to the Borrowers and the Administrative Agent. 

On each Increase Date, upon fulfillment of the conditions set forth in the immediately preceding sentence of this Section 2.16(d), the
Administrative Agent shall notify the Lenders (including, without limitation, each Assuming Lender) and the Borrowers, on or before 11:00 A.M. (Singapore time), by telecopier or telex, of the occurrence of the Commitment Increase to be effected on
such Increase Date and shall record in the Register the relevant information with respect to each Increasing Lender and each Assuming Lender on such date. 
 (e) On the Increase Date, to the extent the Advances then outstanding and owed to any Singapore Dollar Revolving Lender immediately prior to the effectiveness of the Singapore Dollar Commitment Increase
shall be less than such Lender’s Singapore Dollar Revolving Credit Pro Rata Share (calculated immediately following the effectiveness of such Singapore Dollar Commitment Increase) of all Advances then outstanding that are owed to Singapore
Dollar Revolving Lenders (each such Lender, including any Assuming Lender, a “Singapore Dollar Purchasing Lender”), then such Singapore Dollar Purchasing Lender, without executing a Transfer Certificate, shall be deemed to
have purchased an assignment of a pro rata portion of the Advances then outstanding and owed to each Singapore Dollar Revolving Lender that is not a Singapore Dollar Purchasing Lender (a “Singapore Dollar Selling
Lender”) in an amount sufficient such that following the effectiveness of all such assignments the Advances outstanding and owed to each Singapore Dollar Revolving Lender shall equal such Lender’s

  
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Singapore Dollar Revolving Credit Pro Rata Share (calculated immediately following the effectiveness of such Singapore Dollar Commitment Increase on the Increase Date) of all Advances then
outstanding and owed to all Singapore Dollar Revolving Lenders. The Administrative Agent shall calculate the net amount to be paid by each Singapore Dollar Purchasing Lender and received by each Singapore Dollar Selling Lender in connection with the
assignments effected hereunder on the Increase Date. Each Singapore Dollar Purchasing Lender shall make the amount of its required payment available to the Administrative Agent, in same day funds, at the office of the Administrative Agent not later
than 12:00 P.M. (Singapore time) on the Increase Date. The Administrative Agent shall distribute on the Increase Date the proceeds of such amount to each of the Singapore Dollar Selling Lenders entitled to receive such payments at its Applicable
Lending Office. 
 (f) On the Increase Date, to the extent the Advances then outstanding and owed to any Australian Dollar
Revolving Lender immediately prior to the effectiveness of the Australian Dollar Commitment Increase shall be less than such Lender’s Australian Dollar Revolving Credit Pro Rata Share (calculated immediately following the effectiveness of such
Australian Dollar Commitment Increase) of all Advances then outstanding that are owed to Australian Dollar Revolving Lenders (each such Lender, including any Assuming Lender, an “Australian Dollar Purchasing Lender”), then
such Australian Dollar Purchasing Lender, without executing a Transfer Certificate, shall be deemed to have purchased an assignment of a pro rata portion of the Advances then outstanding and owed to each Australian Dollar Revolving Lender that is
not an Australian Dollar Purchasing Lender (an “Australian Dollar Selling Lender”) in an amount sufficient such that following the effectiveness of all such assignments the Advances outstanding and owed to each Australian
Dollar Revolving Lender shall equal such Lender’s Australian Dollar Revolving Credit Pro Rata Share (calculated immediately following the effectiveness of such Australian Dollar Commitment Increase on the Increase Date) of all Advances then
outstanding and owed to all Australian Dollar Revolving Lenders. The Administrative Agent shall calculate the net amount to be paid by each Australian Dollar Purchasing Lender and received by each Australian Dollar Selling Lender in connection with
the assignments effected hereunder on the Increase Date. Each Australian Dollar Purchasing Lender shall make the amount of its required payment available to the Administrative Agent, in same day funds, at the office of the Administrative Agent not
later than 12:00 P.M. (Sydney time) on the Increase Date. The Administrative Agent shall distribute on the Increase Date the proceeds of such amount to each of the Australian Dollar Selling Lenders entitled to receive such payments at its Applicable
Lending Office. 
 (g) If in connection with the transactions described in this Section 2.16 any Lender shall incur any
losses, costs or expenses of the type described in Section 9.04(c), then the Borrowers shall, upon demand by such Lender (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Lender
any amounts required to compensate such Lender for such losses, costs or expenses reasonably incurred. 
 SECTION 2.17
Defaulting Lenders. (a) If a Lender becomes, and during the period it remains, a Defaulting Lender, the following provisions shall apply with respect to any outstanding Facility Exposure of such Defaulting Lender: 

(i) the Facility Exposure of such Defaulting Lender will, subject to the limitation in the first proviso below,
automatically be reallocated (effective on the day such Lender becomes a Defaulting Lender) among the Non-Defaulting Lenders in the same Facility as the Defaulting Lenders pro rata in accordance with their respective Commitments in such Facility,
provided that (A) the sum of each Non-Defaulting Lender’s total Facility Exposure may not in any event exceed the Commitment of such Non-Defaulting Lender with respect to the applicable Facility as in effect at the time of such
reallocation and (b) neither such reallocation nor any payment by a Non-Defaulting Lender pursuant thereto will constitute a waiver or release 

  
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of any claim the Borrowers, the Administrative Agent or any other Lender may have against such Defaulting Lender or cause such Defaulting Lender to be a Non-Defaulting Lender; 

(ii) to the extent that any portion (the “unreallocated portion”) of the Defaulting Lender’s
Facility Exposure cannot be so reallocated, whether by reason of the first proviso in clause (i) above or otherwise, the Borrowers will, not later than three Business Days after demand by the Administrative Agent make arrangements satisfactory
to the Administrative Agent in its sole discretion to protect the Administrative Agent and the other Lenders against the risk of non-payment by such Defaulting Lender; and 

(iii) any amount paid by a Borrower or otherwise received by the Administrative Agent for the account of a Defaulting
Lender under this Agreement (whether on account of principal, interest, fees, indemnity payments or other amounts) will not be paid or distributed to such Defaulting Lender, but will instead be retained by the Administrative Agent in a segregated
non-interest bearing account until (subject to Section 2.17(b)) the termination of the Commitments and payment in full of all Obligations and will be applied by the Administrative Agent, to the fullest extent permitted by law, to the making of
payments from time to time in the following order of priority: first to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent under this Agreement, second to the payment of post-default interest and
then current interest due and payable to the Lenders in respect of the applicable Facility, other than Defaulting Lenders, ratably among them in accordance with the amounts of such interest then due and payable to them, third to the payment
of fees then due and payable to the Non-Defaulting Lenders hereunder in respect of the applicable Facility, ratably among them in accordance with the amounts of such fees then due and payable to them, fourth to the ratable payment of other
amounts then due and payable to the Non-Defaulting Lenders in respect of the applicable Facility, and fifth after the termination of the Commitments and payment in full of all Obligations, to pay amounts owing under this Agreement to such
Defaulting Lender or as a court of competent jurisdiction may otherwise direct. 
 (b) If the Borrowers and the Administrative
Agent agree in writing in their discretion that a Lender is no longer a Defaulting Lender or a Potential Defaulting Lender, as the case may be, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified
in such notice and subject to any conditions set forth therein, such Lender will, to the extent applicable, purchase at par such portion of outstanding Advances of the other Lenders in the same Facility and/or make such other adjustments as the
Administrative Agent may determine to be necessary to cause the Singapore Dollar Revolving Credit Pro Rata Share or the Australian Dollar Revolving Credit Pro Rata Share, as applicable, of the Lenders to be on a pro rata basis in accordance with
their respective Singapore Dollar Revolving Credit Commitments or Australian Dollar Revolving Credit Commitments, as applicable, whereupon such Lender will cease to be a Defaulting Lender or Potential Defaulting Lender and will be a Non-Defaulting
Lender (and such Singapore Dollar Revolving Credit Pro Rata Share or Australian Dollar Revolving Credit Pro Rata Share, as applicable, of each Lender will automatically be adjusted on a prospective basis to reflect the foregoing), 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 or Potential Defaulting Lender to Non-Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s
having been a Defaulting Lender or Potential Defaulting Lender. 
 SECTION 2.18 Reallocation of Commitments.
(a) Without limitation of the Borrowers’ rights under Section 2.16, the Borrowers may, at any time (but not more often than (x) once in any thirty (30) day period in the case of the Reallocations of Unused Revolving Credit
Commitments and 

  
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(y) once in any thirty (30) day period in the case of the Reallocations of the Unused Swing Line Commitments), upon not less than seven calendar days’ prior written notice to the
Administrative Agent (and, in the case of the Reallocations of the Unused Swing Line Commitments, to both Swing Line Banks) (the “Reallocation Notice”), reallocate the aggregate amount of (x) Unused Revolving Credit
Commitments between the Singapore Dollar Revolving Credit Facility and the Australian Dollar Revolving Credit Facility or (y) Unused Swing Line Commitments between the Singapore Swing Line Facility and the Australian Swing Line Facility (each,
a “Reallocation”) by not less than S$5,000,000 (or S$500,000 in the case of Reallocations of the Unused Swing Line Commitments) to be effective as of a date (each, a “Reallocation Date”) that is at
least 90 days prior to the scheduled Termination Date then in effect; provided, however, that (i) in no event shall any Reallocation cause (A) the Singapore Dollar Revolving Credit Commitments to be less than the lesser of
(1) the Revolving Credit Minimum or (2) the portion of the Facility Exposure then allocable to the Singapore Dollar Revolving Credit Facility, (B) the Australian Dollar Revolving Credit Commitments to be less than the lesser of
(1) the Revolving Credit Minimum or (2) the portion of the Facility Exposure then allocable to the Australian Dollar Revolving Credit Facility, (C) the Swing Line Commitment relating to the Singapore Swing Line Facility to be less
than the lesser of (1) S$250,000 or (2) the portion of the Facility Exposure then allocable to the Singapore Swing Line Facility, or (D) the Swing Line Commitment relating to the Australian Swing Line Facility to be less than the
lesser of (1) A$250,000 or (2) the portion of the Facility Exposure then allocable to the Australian Swing Line Facility, (ii) on the Reallocation Date the following statements shall be true and the Administrative Agent shall have
received for the account of each Lender a certificate signed by a duly authorized officer of the Borrowers, dated the Reallocation Date, stating that (A) the representations and warranties contained in Section 4.01 are correct in all
material respects as though made on and as of the Reallocation Date (except to the extent that such representations and warranties relate solely to an earlier date (in which case such representations and warranties shall have been true and correct
on and as of such earlier date)) and (B) no Default or Event of Default has occurred and is continuing or would result from such Reallocation, (iii) immediately after giving effect to such Reallocation, in no event shall (A) the
aggregate principal amount of the Singapore Dollar Revolving Credit Advances (expressed in Singapore Dollars and including the Equivalent in Singapore Dollars at such time of any amounts denominated in Hong Kong Dollars) outstanding at such time
exceed the Singapore Dollar Revolving Credit Commitments at such time, (B) the aggregate principal amount of the Australian Dollar Revolving Credit Advances outstanding at such time exceed the Australian Dollar Revolving Credit Commitments at
such time, (C) the aggregate principal amount of the Swing Line Advances under the Singapore Swing Line Facility (expressed in Singapore Dollars and including the Equivalent in Singapore Dollars at such time of any amounts denominated in Hong
Kong Dollars) outstanding at such time exceed the Swing Line Commitment relating to the Singapore Swing Line Facility at such time, (B) the aggregate principal amount of Swing Line Advances under the Australian Swing Line Facility outstanding
at such time exceed the Swing Line Commitment relating to the Australian Swing Line Facility at such time. The Reallocation Notice shall (x) specify (1) the proposed aggregate amount of such Reallocation (the “Total Reallocation
Amount”), (2) the Facility being increased (the “Increasing Facility”), (3) the Facility being decreased (the “Decreasing Facility”), and (4) the proposed Reallocation Date
and (y) contain a certification signed by a Responsible Officer stating that all of the requirements set forth in this Section 2.18(a) have been satisfied or, as of the Reallocation Date, will be satisfied. 

(b) Upon receipt of any Reallocation Notice with respect to the Unused Revolving Credit Commitments, the Administrative Agent shall
promptly deliver a copy of such Reallocation Notice to each Lender and notify each Lender of (i) its proportionate share of (A) the Decreasing Facility, (B) the Increasing Facility, (ii) the Total Reallocation Amount (such
determinations shall be made by the Administrative Agent for each Lender within each Facility based on the ratio of the Commitment of such Lender in respect of such Facility to the total Commitments of all Lenders in respect of such Facility), and
(iii) the Reallocation Date. Upon receipt of any Reallocation Notice with respect to the Unused Swing Line Commitments, the Administrative Agent shall promptly deliver a copy of such Reallocation Notice

  
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to each Lender (including each Swing Line Lender) and notify each Lender of (i) the amount of the Decreasing Facility, (ii) the amount of the Increasing Facility, (iii) the Total
Reallocation Amount and (iv) the Reallocation Date. 
 (c) On the applicable Reallocation Date, (i) the Reallocation
shall be effected by reallocating Unused Revolving Credit Commitments or Unused Swing Line Commitments, as applicable, from the Decreasing Facility to the Increasing Facility on a dollar-for-dollar basis, and (ii) to the extent Advances then
outstanding and owed to any Lender immediately prior to the effectiveness of the Reallocation shall be less than such Lender’s Singapore Dollar Revolving Credit Pro Rata Share or Australian Dollar Revolving Credit Pro Rata Share (calculated
immediately following the effectiveness of such Reallocation) of all Advances then outstanding that are owed to Singapore Dollar Revolving Lenders or to Australian Dollar Revolving Lenders (collectively, including any applicable Assuming Lender, the
“Purchasing Lenders”), in each case as applicable, then such Purchasing Lenders, without executing a Transfer Certificate, shall be deemed to have purchased an assignment of a pro rata portion of the Advances then
outstanding and owed to each Lender that is not a Purchasing Lender (collectively, the “Selling Lenders”), in an amount sufficient such that following the effectiveness of all such assignments (x) the Advances
outstanding and owed to each Singapore Dollar Revolving Lender shall equal such Lender’s Singapore Dollar Revolving Credit Pro Rata Share (calculated immediately following the effectiveness of the Reallocation) of all Advances then outstanding
in respect of the Singapore Dollar Revolving Credit Facility and (y) the Advances outstanding and owed to each Australian Dollar Revolving Lender shall equal such Lender’s Australian Dollar Revolving Credit Pro Rata Share (calculated
immediately following the effectiveness of the Reallocation) of all Advances then outstanding in respect of the Australian Dollar Revolving Credit Facility. The Administrative Agent shall calculate the net amount to be paid by each Purchasing Lender
and received by each Selling Lender in connection with the assignments effected hereunder on the Reallocation Date. Each Purchasing Lender shall make the amount of its required payment available to the Administrative Agent, in same day funds, at the
office of the Administrative Agent not later than 12:00 P.M. (Singapore time) on the Reallocation Date. The Administrative Agent shall distribute on the Reallocation Date the proceeds of such amount to each of the Selling Lenders entitled to receive
such payments at its Applicable Lending Office. 
 (d) On the Reallocation Date, the Administrative Agent shall notify the
Lenders and the Borrowers, on or before 1:00 P.M. (Singapore time), by telecopier, telex or other electronic mail communication, of the occurrence of the Reallocation to be effected on such Reallocation Date and shall promptly distribute to the
Lenders and the Borrower a copy of Schedule I hereto revised to reflect such Reallocation. The Administrative Agent shall record in the Register the relevant information with respect to each Lender on such Reallocation Date in accordance with
Section 9.07. 
 (e) Notwithstanding the foregoing, (i) within ninety (90) days after the date hereof, the
following Lenders may reallocate their Unused Revolving Credit Commitments between themselves in order to (A) increase the Australia Dollar Revolving Credit Commitment of HSBC Australia and decrease the Australia Dollar Revolving Credit
Commitment of Citibank, N.A., Sydney Branch, and (B) decrease the Singapore Dollar Revolving Credit Commitment of The Hong Kong and Shanghai Banking Corporation Limited, Singapore Branch, and increase the Singapore Dollar Revolving Credit
Commitment of Citibank, N.A., Singapore Branch, and the Administrative Agent shall update Schedule I to reflect the same, provided that the reallocations described in this clause (i) shall not result in any reduction in the total
Singapore Dollar Revolving Credit Commitments or the total Australian Dollar Revolving Credit Commitments, (ii) no Reallocation of the Unused Revolving Credit Commitment of HSBC Australia or The Hong Kong and Shanghai Banking Corporation
Limited, Singapore Branch, shall be permitted to occur without the prior written approval of HSBC Australia or The Hong Kong and Shanghai Banking Corporation Limited, Singapore Branch, as applicable, (iii) prior to the date that Sumitomo Mitsui
Banking Corporation confirms to the Administrative Agent and the Borrowers that it 

  
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has completed its “know your customer” due diligence on the initial Borrowers (which confirmation Sumitomo Mitsui Banking Corporation shall provide promptly after completing the same),
no Reallocation of the Unused Revolving Credit Commitment of Sumitomo Mitsui Banking Corporation shall be permitted to occur without the prior written approval of Sumitomo Mitsui Banking Corporation, and (iv) no Reallocation of any Unused
Revolving Credit Commitment of a Lender shall cause an increase in the aggregate Revolving Credit Commitments of such Lender and its Affiliates under the Australian Dollar Revolving Credit Facility and the Singapore Dollar Revolving Credit Facility.
The Reallocations described in clause (i) shall be documented by Transfer Certificates executed by the applicable Lenders. 

ARTICLE III 

CONDITIONS OF LENDING 
 SECTION 3.01 Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance on the occasion of the Initial Extension of Credit hereunder is subject to
the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit: 
 (a)
Except as otherwise set forth in the Post-Closing Letter Agreement, the Administrative Agent shall have received on or before the day of the Initial Extension of Credit the following, each dated such day (unless otherwise specified), in form and
substance satisfactory to the Administrative Agent (unless otherwise specified) and (except for the items specified in clauses (i) and (ii) below) in sufficient copies for each Lender: 

(i) Completed requests for information, dated on or before the date of the Initial Extension of Credit, listing all
effective financing statements (or equivalent filings) filed in the jurisdictions that the Administrative Agent may deem necessary or desirable that name any Loan Party as debtor, together with copies of such other financing statements, and evidence
that all other actions that the Administrative Agent may deem reasonably necessary or desirable have been taken (including, without limitation, receipt of duly executed payoff letters and UCC termination statements). 

(ii) With respect to the Unencumbered Assets set forth on Schedule II on the Closing Date, the Deliverables. 

(iii) Certified copies of the resolutions of the Board of Directors (or equivalent body), general partner or managing
member, as applicable, of each Loan Party and of each general partner or managing member (if any) of each Loan Party approving the transactions contemplated by the Loan Documents and each Loan Document to which it is or is to be a party, and of all
documents evidencing other necessary corporate action and governmental and other third party approvals and consents, if any, with respect to the transactions under the Loan Documents and each Loan Document to which it is or is to be a party.

 (iv) A copy of a certificate of the Secretary of State (or equivalent authority) of the jurisdiction of
incorporation, organization or formation of each Loan Party and of each general partner or managing member (if any) of each Loan Party, dated reasonably near the Closing Date, certifying, if and to the extent such certification is generally
available for entities of the type of such Loan Party, (A) as to a true and correct copy of the charter, certificate of limited partnership, limited liability company agreement or other organizational document of such Loan Party, general
partner or managing member, 

  
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as the case may be, and each amendment thereto on file in such Secretary’s office and (B) that (1) such amendments are the only amendments to the charter, certificate of limited
partnership, limited liability company agreement or other organizational document, as applicable, of such Loan Party, general partner or managing member, as the case may be, on file in such Secretary’s office and (2) to the extent
available, such Loan Party, general partner or managing member, as the case may be, has paid all franchise taxes to the date of such certificate and (C) such Loan Party, general partner or managing member, as the case may be, is duly
incorporated, organized or formed and in good standing or presently subsisting under the laws of the jurisdiction of its incorporation, organization or formation. 

(v) A copy of a certificate of the Secretary of State (or equivalent authority) of each jurisdiction in which any Loan
Party or any general partner or managing member of a Loan Party owns or leases property or in which the conduct of its business requires it to qualify or be licensed as a foreign corporation except where the failure to so qualify or be licensed
would not be reasonably likely to have a Material Adverse Effect, dated reasonably near (but prior to) the Closing Date, stating, with respect to each such Loan Party, general partner or managing member, that such Loan Party, general partner or
managing member, as the case may be, is duly qualified and in good standing as a foreign corporation, limited partnership or limited liability company in such State and has filed all annual reports required to be filed to the date of such
certificate. 
 (vi) A certificate of each Loan Party and of each general partner or managing member (if any) of
each Loan Party, signed on behalf of such Loan Party, general partner or managing member, as applicable, by its President or a Vice President and its Secretary, any Assistant Secretary, or any authorized signatory (or those of its general partner or
managing member, if applicable), dated the Closing Date (the statements made in which certificate shall be true on and as of the date of the Initial Extension of Credit), certifying as to (A) the absence of any amendments to the constitutive
documents of such Loan Party, general partner or managing member, as applicable, since the date of the certificate referred to in Section 3.01(a)(v), (B) a true and correct copy of the bylaws, operating agreement, partnership agreement or
other governing document of such Loan Party, general partner or managing member, as applicable, as in effect on the date on which the resolutions referred to in Section 3.01(a)(iv) were adopted and on the date of the Initial Extension of
Credit, (C) the due incorporation, organization or formation and good standing or valid existence of such Loan Party, general partner or managing member, as applicable, as a corporation, limited liability company or partnership organized under
the laws of the jurisdiction of its incorporation, organization or formation and the absence of any proceeding for the dissolution or liquidation of such Loan Party, general partner or managing member, as applicable, (D) the truth of the
representations and warranties contained in the Loan Documents as though made on and as of the date of the Initial Extension of Credit and (E) the absence of any event occurring and continuing, or resulting from the Initial Extension of Credit,
that constitutes a Default. 
 (vii) A certificate of the Secretary or an Assistant Secretary of each Loan Party
(or Responsible Officer of the general partner or managing member of any Loan Party) and of each general partner or managing member (if any) of each Loan Party certifying the names and true signatures of the officers of such Loan Party, or of the
general partner or managing member of such Loan Party, authorized to sign each Loan Document to which it is or is to be a party and the other documents to be delivered hereunder and thereunder. 

  
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 (viii) Such financial, business and other information regarding each Loan
Party and its Subsidiaries as the Lenders shall have reasonably requested, including, without limitation, information as to possible contingent liabilities, tax matters, environmental matters, obligations under Plans, Multiemployer Plans and Welfare
Plans, collective bargaining agreements and other arrangements with employees, audited Consolidated annual financial statements for the year ending December 31, 2010 of the REIT, interim financial statements dated the end of the most recent
fiscal quarter for which financial statements are available (or, in the event the Lenders’ due diligence review reveals material changes since such financial statements, as of a later date within 45 days of the day of the Initial Extension of
Credit). 
 (ix) Evidence of insurance (which may consist of binders or certificates of insurance with respect to
the blanket policies of insurance maintained by the Loan Parties with respect to property, commercial general liability and terrorism risks) with such responsible and reputable insurance companies or associations, and in such amounts and covering
such risks, as is reasonably satisfactory to the Lenders. 
 (x) An opinion of Latham & Watkins LLP,
counsel for the Loan Parties, in form and substance satisfactory to the Administrative Agent. 
 (xi) An opinion
of TSMP Law Corporation, Singapore counsel for the Loan Parties, in form and substance satisfactory to the Administrative Agent. 
 (xii) An opinion of Conyers Dill & Pearman (Mauritius) Limited, Mauritian counsel for the Loan Parties, in form and substance satisfactory to the Administrative Agent. 

(xiii) An opinion of Venable LLP, Maryland counsel for the Loan Parties, in form and substance satisfactory to the
Administrative Agent. 
 (xiv) An opinion of Shearman & Sterling LLP, counsel for the Administrative
Agent, in form and substance satisfactory to the Administrative Agent. 
 (xv) A breakage indemnity letter
agreement executed by the Borrowers, the Operating Partnership, and the REIT in form and substance satisfactory to the Administrative Agent. 
 (xvi) A letter from the Initial Process Agent addressed to the Administrative Agent confirming its agreement to act as the Initial Process Agent for the purposes of Section 9.11(c). 

(xvii) A Notice of Borrowing and an Unencumbered Assets Certificate relating to the Initial Extension of Credit.

 (xviii) The Post-Closing Letter Agreement executed by the Initial Singapore Borrower, the Initial Australia
Borrower 1 and the Initial Australia Borrower 2, in form and substance satisfactory to the Administrative Agent. 
 (b) The
Lenders shall be satisfied with the corporate and legal structure and capitalization of each Loan Party and its Subsidiaries, including the terms and conditions of the charter and bylaws, operating agreement, partnership agreement or other governing
document of each of them. 

  
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 (c) Before and after giving effect to the transactions contemplated by the Loan Documents,
there shall have occurred no material adverse change in the business, condition (financial or otherwise) results of operations or prospects of the REIT, the Borrowers or the Borrowers and their Subsidiaries taken as a whole since December 31,
2010. 
 (d) There shall exist no action, suit, investigation, litigation or proceeding affecting any Loan Party or any of its
Subsidiaries pending or threatened before any court, governmental agency or arbitrator that (i) would be reasonably likely to have a Material Adverse Effect other than the matters described on Schedule 4.01(f) hereto (the “Disclosed
Litigation”) or (ii) purports to affect the legality, validity or enforceability of any Loan Document or the consummation of the transactions contemplated thereby, and there shall have been no material adverse change in the status,
or financial effect on any Loan Party or any of its Subsidiaries, of the Disclosed Litigation from that described on Schedule 4.01(f) hereto. 
 (e) All material governmental and third party consents and approvals necessary in connection with the transactions contemplated by the Loan Documents shall have been obtained (without the imposition of
any conditions that are not acceptable to the Lenders) and shall remain in effect, and no law or regulation shall be applicable in the reasonable judgment of the Lenders that restrains, prevents or imposes materially adverse conditions upon the
transactions contemplated by the Loan Documents. 
 (f) There shall exist no default or event of default under the Corporate
Credit Agreement, any other Corporate Loan Document or any of the Note Documents on the part of the Operating Partnership or any Affiliate thereof (without reference to any waivers or amendments relating thereto that are entered into on or after the
date hereof). 
 (g) The Borrowers shall have paid all accrued fees of the Coordinating Bank, the Administrative Agent and the
Lenders (other than any such fees that are being funded out of an Advance in connection with the Initial Extension of Credit) and all reasonable, out-of-pocket expenses of the Administrative Agent (including the reasonable fees and expenses of
counsel to the Administrative Agent, subject to the terms of the Fee Letter). 
 SECTION 3.02 Conditions Precedent to
Each Borrowing and Commitment Increase. (a) The obligation of each Lender to make an Advance (other than a Swing Line Advance made by a Lender pursuant to Section 2.02(b)) on the occasion of each Borrowing (including the initial
Borrowing) and a Commitment Increase pursuant to Section 2.16 and the right of a Borrower to request a Swing Line Borrowing shall be subject to the further conditions precedent that on the date of such Borrowing or increase the following
statements shall be true and the Administrative Agent shall have received for the account of such Lender or the applicable Swing Line Bank (x) an Unencumbered Assets Certificate dated the date of such Borrowing or increase and (y) a
certificate signed by a duly authorized officer of the applicable Borrower, dated the date of such Borrowing or increase stating that: 
 (i) the representations and warranties contained in each Loan Document are true and correct on and as of such date, before and after giving effect to (A) such Borrowing or increase and (B) in
the case of any Borrowing, the application of the proceeds therefrom, as though made on and as of such date (except to the extent that such representations and warranties relate solely to an earlier date (in which case such representations and
warranties shall have been true and correct on and as of such earlier date)); 
 (ii) no Default or Event of
Default has occurred and is continuing, or would result from (A) such Borrowing or increase or (B) in the case of any Borrowing, from the application of the proceeds therefrom; and 

  
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 (iii) for each Advance, (A) 70% of the Total Unencumbered Asset Value
equals or exceeds the Unsecured Debt of the Borrowers, their Subsidiaries and the Sister Subsidiaries that will be outstanding after giving effect to such Advance, issuance or renewal, respectively, and (B) before and after giving effect to
such Advance, the Loan Parties shall be in compliance with the covenants contained in Section 5.04, together with supporting information in form satisfactory to the Administrative Agent showing the computations used in determining compliance
with such covenants; 
 and (b) the Administrative Agent shall have received such other approvals, opinions or documents as any Lender
through the Administrative Agent may reasonably request in order to confirm (i) the accuracy of the Loan Parties’ representations and warranties contained in the Loan Documents, (ii) the Loan Parties’ timely compliance with the
terms, covenants and agreements set forth in the Loan Documents, (iii) the absence of any Default and (iv) the rights and remedies of the Lender Parties or the ability of the Loan Parties to perform their Obligations. 

SECTION 3.03 Determinations Under Section 3.01. For purposes of determining compliance with the conditions specified in
Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless
an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the Initial Extension of Credit specifying its objection thereto and such Lender shall
not have made available to the Administrative Agent such Lender’s ratable portion of the applicable Borrowing. 
 ARTICLE
IV 
 REPRESENTATIONS AND WARRANTIES 
 SECTION 4.01 Representations and Warranties of the Loan Parties. Each Loan Party represents and warrants as follows: 

(a) Each Loan Party and each general partner or managing member, if any, of each Loan Party (i) is a corporation,
limited liability company or partnership duly incorporated, organized or formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation, organization or formation, (ii) is duly qualified and in good
standing as a foreign corporation, limited liability company or partnership in each other jurisdiction in which it owns or leases property or in which the conduct of its business requires it to so qualify or be licensed except where the failure to
so qualify or be licensed would not be reasonably likely to have a Material Adverse Effect and (iii) has all requisite corporate, limited liability company or partnership power and authority (including, without limitation, all governmental
licenses, permits and other approvals) to own or lease and operate its properties and to carry on its business as now conducted and as proposed to be conducted. The REIT is organized in conformity with the requirements for qualification as a Real
Estate Investment Trust under the Internal Revenue Code, and its method of operation enables it to meet the requirements for qualification and taxation as a Real Estate Investment Trust under the Internal Revenue Code. All of the outstanding Equity
Interests in the REIT have been validly issued, are fully paid and non-assessable, all of the general partner Equity Interests in the Operating Partnership are owned by the REIT, and all such general partner Equity Interests are owned by the REIT
free and clear of all Liens. 
 (b) Set forth on Schedule 4.01(b) hereto is a complete and accurate list of all
Subsidiaries of each Loan Party, showing as of the date hereof (as to each such Subsidiary) the jurisdiction of its incorporation, organization or formation, the number of shares (or the equivalent thereof) of

  
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each class of its Equity Interests authorized, and the number outstanding, on the date hereof and the percentage of each such class of its Equity Interests owned (directly or indirectly) by such
Loan Party and the number of shares (or the equivalent thereof) covered by all outstanding options, warrants, rights of conversion or purchase and similar rights at the date hereof. All of the outstanding Equity Interests in each Loan Party’s
Subsidiaries have been validly issued, are fully paid and non-assessable and, to the extent owned by such Loan Party or one or more of its Subsidiaries, are owned by such Loan Party or Subsidiaries free and clear of all Liens (other than Liens on
Equity Interests in Property-Level Subsidiaries securing Non-Recourse Debt permitted under Section 5.02(b)(ii)(G)). 
 (c) The execution and delivery by each Loan Party and of each general partner or managing member (if any) of each Loan Party of each Loan Document to which it is or is to be a party, and the performance
of its obligations thereunder, and the consummation of the transactions contemplated by the Loan Documents, are within the corporate, limited liability company or partnership powers of such Loan Party, general partner or managing member, have been
duly authorized by all necessary corporate, limited liability company or partnership action, and do not (i) contravene the charter or bylaws, operating agreement, partnership agreement or other governing document of such Loan Party, general
partner or managing member, (ii) violate any law, rule, regulation (including, without limitation, Regulation X of the Board of Governors of the Federal Reserve System), order, writ, judgment, injunction, decree, determination or award,
(iii) conflict with or result in the breach of, or constitute a default or require any payment to be made under, any Material Contract binding on or affecting any Loan Party or any of its Subsidiaries or any of their properties, or any general
partner or managing member of any Loan Party or (iv) result in or require the creation or imposition of any Lien upon or with respect to any of the properties of any Loan Party or any of its Subsidiaries. No Loan Party or any of its
Subsidiaries is in violation of any such law, rule, regulation, order, writ, judgment, injunction, decree, determination or award or in breach of any such Material Contract, the violation or breach of which would be reasonably likely to have a
Material Adverse Effect. 
 (d) Except as otherwise set forth on Schedule 4.01(d), no authorization or approval
or other action by, and no notice to or filing with, any governmental authority or regulatory body or any other third party is required for the due execution, delivery, recordation, filing or performance by any Loan Party or any general partner or
managing member of any Loan Party of any Loan Document to which it is or is to be a party or for the consummation of the transactions contemplated by the Loan Documents and the exercise by the Administrative Agent or any Lender of its rights under
the Loan Documents, except for authorizations, approvals, actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect. 

(e) This Agreement has been, and each other Loan Document when delivered hereunder will have been, duly executed and
delivered by each Loan Party and general partner or managing member (if any) of each Loan Party party thereto. This Agreement is, and each other Loan Document when delivered hereunder will be, the legal, valid and binding obligation of each Loan
Party and general partner or managing member (if any) of each Loan Party party thereto, enforceable against such Loan Party, general partner or managing member, as the case may be, in accordance with its terms, except as such enforceability may be
limited by any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general principles of equity. 

(f) There is no action, suit, investigation, litigation or proceeding affecting any Loan Party or any of its Subsidiaries
or any general partner or managing member (if any) of any Loan 

  
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Party, including any Environmental Action, pending or, to any Loan Party’s knowledge, threatened before any court, governmental agency or arbitrator that (i) could reasonably be
expected to have a Material Adverse Effect (other than the Disclosed Litigation) or (ii) could reasonably be expected to affect the legality, validity or enforceability of any Loan Document or the consummation of the transactions contemplated
by the Loan Documents, and there has been no material adverse change in the status, or financial effect on any Loan Party or any of its Subsidiaries or any general partner or managing member (if any) of any Loan Party, of the Disclosed Litigation
from that described on Schedule 4.01(f) hereto. 
 (g) The Consolidated balance sheets of the REIT and its
Subsidiaries as at December 31, 2010 and the related Consolidated statement of income and Consolidated statement of cash flows of the REIT and its Subsidiaries for the fiscal year then ended, accompanied by an unqualified opinion of KPMG LLP,
independent public accountants, and the Consolidated balance sheet of the REIT as at June 30, 2011, and the related Consolidated statement of income and Consolidated statement of cash flows of the REIT and its Subsidiaries for the six months
then ended, copies of which have been furnished to each Lender, fairly present, subject, in the case of such balance sheet as at June 30, 2011, and such statements of income and cash flows for the six months then ended, to year-end audit
adjustments, the Consolidated financial condition of the REIT and its Subsidiaries as at such dates and the Consolidated results of operations of the REIT and its Subsidiaries for the periods ended on such dates, all in accordance with generally
accepted accounting principles applied on a consistent basis, and since December 31, 2010, there has been no Material Adverse Change. 
 (h) The Consolidated forecasted balance sheets, statements of income and statements of cash flows of the REIT and its Subsidiaries most recently delivered to the Lenders pursuant to Section 5.03 were
prepared in good faith on the basis of the assumptions stated therein, which assumptions were fair in light of the conditions existing at the time of delivery of such forecasts, and represented, at the time of delivery, the REIT’s best estimate
of its future financial performance. 
 (i) No information, exhibit or report furnished by or on behalf of any
Loan Party to the Administrative Agent or any Lender in connection with the negotiation and syndication of the Loan Documents or pursuant to the terms of the Loan Documents contained any untrue statement of a material fact or omitted to state a
material fact necessary to make the statements made therein not misleading. 
 (j) No Loan Party is engaged in
the business of extending credit for the purpose of purchasing or carrying Margin Stock, and no proceeds of any Advance will be used to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any
Margin Stock. 
 (k) Neither any Loan Party nor any of its Subsidiaries nor any general partner or managing
member of any Loan Party, as applicable, is an “investment company”, or an “affiliated person” of, or “promoter” or “principal underwriter” for, an “investment company”, as such terms are defined in
the Investment Company Act of 1940, as amended. Without limiting the generality of the foregoing, each Loan Party and each of its Subsidiaries and each general partner or managing member of any Loan Party, as applicable: (i) is primarily
engaged, directly or through a wholly-owned subsidiary or subsidiaries, in a business or businesses other than that of (A) investing, reinvesting, owning, holding or trading in securities or (B) issuing face-amount certificates of the
installment type; (ii) is not engaged in, does not propose to engage in and does not hold itself out as being engaged in the business of (A) investing, reinvesting, owning, holding 

  
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or trading in securities or (B) issuing face-amount certificates of the installment type; (iii) does not own or propose to acquire investment securities (as defined in the Investment
Company Act of 1940, as amended) having a value exceeding forty percent (40%) of the value of such company’s total assets (exclusive of government securities and cash items) on an unconsolidated basis; (iv) has not in the past been
engaged in the business of issuing face-amount certificates of the installment type; and (v) does not have any outstanding face-amount certificates of the installment type. Neither the making of any Advances nor the application of the proceeds
or repayment thereof by the Borrowers, nor the consummation of the other transactions contemplated by the Loan Documents, will violate any provision of any such Act or any rule, regulation or order of the Securities and Exchange Commission
thereunder. 
 (l) Neither any Loan Party nor any of its Subsidiaries is a party to any indenture, loan or credit
agreement or any lease or other agreement or instrument or subject to any charter, corporate, partnership, membership or other governing restriction that would be reasonably likely to have a Material Adverse Effect (absent a material default under a
Material Contract). 
 (m) Each of the Assets listed on Schedule II hereto satisfies all Unencumbered Asset
Conditions, except to the extent as otherwise set forth herein or waived in writing by the Required Lenders. The Loan Parties are the legal and beneficial owners of the Unencumbered Assets free and clear of any Lien, except for the Liens permitted
under the Loan Documents. 
 (n) Set forth on Schedule 4.01(n) hereto is a complete and accurate list of all
Existing Debt (other than Surviving Debt) having a principal amount of at least U.S.$1,000,000, showing as of the date hereof the obligor and the principal amount outstanding thereunder. 

(o) Set forth on Schedule 4.01(o) hereto is a complete and accurate list of all Surviving Debt of each Loan Party and its
Subsidiaries having a principal amount of at least U.S.$1,000,000 and showing as of such date the obligor and the principal amount outstanding thereunder, the maturity date thereof and the amortization schedule therefor. 

(p) Set forth on Schedule 4.01(p) hereto is a complete and accurate list of all Liens on the property or assets of any
Loan Party or, with respect to Debt for Borrowed Money, any of its Subsidiaries, showing as of the date hereof the lienholder thereof, the principal amount of the obligations secured thereby and the property or assets of such Loan Party or such
Subsidiary subject thereto. 
 (q) Set forth on Schedule 4.01(q) hereto is a complete and accurate list of all
material Real Property owned by any Loan Party or any of its Subsidiaries, showing as of the date hereof, and as of each other date such Schedule 4.01(q) is required to be supplemented pursuant to Section 5.03(i), the street address, county or
other relevant jurisdiction, state, record owner and book value thereof. Each Loan Party or such Subsidiary has good, marketable and insurable fee simple title to such Real Property, free and clear of all Liens, other than Liens created or permitted
by the Loan Documents. 
 (r) Set forth on Schedule 4.01(r) hereto is a complete and accurate list of all leases
of material Real Property under which any Loan Party or any of its Subsidiaries is the lessee, showing as of the date hereof, and as of each other date such Schedule 4.01(r) is required to be supplemented pursuant to Section 5.03(i), the street
address, county or other relevant jurisdiction, state, lessor, lessee, expiration date and annual rental cost thereof. To the best of each Loan Party’s knowledge, each such lease is the legal, valid and binding obligation of the lessor thereof,
enforceable in accordance with its terms. 

  
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 (s) (i) Except as otherwise set forth on Part I of Schedule 4.01(s) hereto,
the operations and properties of each Loan Party and each of its Subsidiaries comply in all material respects with all applicable Environmental Laws and Environmental Permits, there is no past non-compliance with such Environmental Laws and
Environmental Permits that has resulted in any ongoing material costs or obligations or that is reasonably expected to result in any future material costs or obligations, and no circumstances exist that could be reasonably likely to (A) form
the basis of an Environmental Action against any Loan Party or any of its Subsidiaries or any of their properties that could reasonably be expected to have a Material Adverse Effect or (B) cause any such property to be subject to any
restrictions on ownership, occupancy, use or transferability under any Environmental Law. 
 (ii) Except as
otherwise set forth on Part II of Schedule 4.01(s) hereto, none of the properties currently or formerly owned or operated by any Loan Party or any of its Subsidiaries is listed or proposed for listing on the NPL or any analogous foreign, state or
local list or is adjacent to any such property; there are no and never have been any underground or above ground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials are being or have been
treated, stored or disposed on any property currently or formerly owned or operated by any Loan Party or any of its Subsidiaries that is reasonably expected to result in material liability to any Loan Party or any of its Subsidiaries; there is no
asbestos or asbestos-containing material on any property currently owned or operated by any Loan Party or any of its Subsidiaries; and Hazardous Materials have not been released, discharged or disposed of on any property currently or formerly owned
or operated by any Loan Party or any of its Subsidiaries. 
 (iii) Except as otherwise set forth on Part III of
Schedule 4.01(s) hereto, neither any Loan Party nor any of its Subsidiaries is undertaking, and has not completed, either individually or together with other potentially responsible parties, any investigation or assessment or remedial or response
action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or pursuant to the order of any governmental or regulatory authority or the requirements of any
Environmental Law; and all Hazardous Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or formerly owned or operated by any Loan Party or any of its Subsidiaries have been disposed of in a
manner not reasonably expected to result in material liability to any Loan Party or any of its Subsidiaries. 

(t) Each Loan Party and each Subsidiary is in compliance with the requirements of all Laws (including, without limitation,
the Securities Act and the Securities Exchange Act, and the applicable rules and regulations thereunder, state securities law and “Blue Sky” laws) applicable to it and its business, where the failure to so comply could reasonably be
expected to have a Material Adverse Effect. 
 (u) Neither the business nor the properties of any Loan Party or
any of its Subsidiaries are affected by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that
could reasonably be expected to have a Material Adverse Effect. 
 (v) Each Loan Party has, independently and
without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement (and in the case of the Guarantors,
to give the guaranty under this Agreement) and each other Loan Document to which it is or is to be a party, and each Loan Party has established adequate means 

  
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of obtaining from each other Loan Party on a continuing basis information pertaining to, and is now and on a continuing basis will be completely familiar with, the business, condition (financial
or otherwise), operations, performance, properties and prospects of such other Loan Party. 
 (w) Each Loan Party
is, individually and together with its Subsidiaries, Solvent. 
 (x) No Loan Party has made any extension of
credit to any of its directors or executive officers in contravention of any applicable restrictions set forth in Section 402(a) of Sarbanes-Oxley that has resulted in or could reasonably be expected to result in a Material Adverse Effect.

 (y) Set forth on Part A of Schedule 4.01(y) hereto is a complete and accurate list of all Excluded
Subsidiaries and their respective Excluded Subsidiary Agreements (if any) existing on the date hereof. 
 (z) (i)
No ERISA Event has occurred or is reasonably expected to occur with respect to any Plan that has resulted in or could reasonably be expected to result in a Material Adverse Effect. 

(ii) Schedule B (Actuarial Information) to the most recent annual report (Form 5500 Series) for each Plan, copies of which
have been filed with the Internal Revenue Service, is complete and accurate in all material respects and fairly presents the funding status of such Plan, and since the date of such Schedule B there has been no change in such funding status that has
result in or could reasonably be expected to result in a Material Adverse Effect. 
 (iii) Neither any Loan Party
nor any ERISA Affiliate has incurred or is reasonably expected to incur any Withdrawal Liability to any Multiemployer Plan, except as would not reasonably be expected to result in a Material Adverse Effect. 

(iv) Neither any Loan Party nor any ERISA Affiliate has been notified by the sponsor of a Multiemployer Plan that such
Multiemployer Plan is in reorganization or has been terminated, within the meaning of Title IV of ERISA, and no such Multiemployer Plan is reasonably expected to be in reorganization or to be terminated, within the meaning of Title IV of ERISA, in
each case, except as would not reasonably be expected to result in a Material Adverse Effect. 
 ARTICLE V 

COVENANTS OF THE LOAN PARTIES 
 SECTION 5.01 Affirmative Covenants. So long as any Advance or any other Obligation of any Loan Party under any Loan Document shall remain unpaid or any Lender shall have any Commitment
hereunder, each Loan Party will: 
 (a) Compliance with Laws, Etc. Comply, and cause each of its Subsidiaries to comply,
in all material respects, with all applicable laws, rules, regulations and orders, such compliance to include, without limitation, compliance with ERISA and the Racketeer Influenced and Corrupt Organizations Chapter of the Organized Crime Control
Act of 1970; provided, however, that the failure to comply with the provisions of this Section 5.01(a) shall not constitute a default hereunder so long as such non-compliance is the subject of a Good Faith Contest. 

(b) Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall
become delinquent, (i) all taxes, assessments and governmental 

  
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charges or levies imposed upon it or upon its property and (ii) all lawful claims that, if unpaid, might by law become a Lien upon its property; provided, however, that neither the
Loan Parties nor any of their Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim that is the subject of a Good Faith Contest, unless and until any Lien resulting therefrom attaches to its property and
becomes enforceable against its other creditors. 
 (c) Compliance with Environmental Laws. Comply, and cause each of its
Subsidiaries to comply, and to take commercially reasonably steps to ensure that all lessees and other Persons operating or occupying its properties to comply, in all material respects, with all applicable Environmental Laws and Environmental
Permits, except where such non-compliance could not reasonably expected to result in a Material Adverse Effect; obtain and renew and cause each of its Subsidiaries to obtain and renew all Environmental Permits necessary for its operations and
properties, except where failure to do so could not reasonably be expected to result in a Material Adverse Effect; and conduct, and cause each of its Subsidiaries to conduct, any investigation, study, sampling and testing, and undertake any cleanup,
removal, remedial or other action necessary to remove and clean up all Hazardous Materials from any of its properties, in accordance with the requirements of all Environmental Laws, except where failure to do the same could not reasonably be
expected to result in a Material Adverse Effect; provided, however, that neither the Loan Parties nor any of their Subsidiaries shall be required to undertake any such cleanup, removal, remedial or other action to the extent that its
obligation to do so is the subject of a Good Faith Contest. 
 (d) Maintenance of Insurance. Maintain, and cause each of
its Subsidiaries to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the
same general areas in which such Loan Party or such Subsidiaries operate. 
 (e) Preservation of Partnership or Corporate
Existence, Etc. Preserve and maintain, and cause each of its Subsidiaries to preserve and maintain, its existence (corporate or otherwise), legal structure, legal name, rights (charter and statutory), permits, licenses, approvals, privileges and
franchises, except, in the case of Subsidiaries of the Borrowers only, if in the reasonable business judgment of such Subsidiary it is in its best economic interest not to preserve and maintain such rights or franchises and such failure to preserve
such rights or franchises is not reasonably likely to result in a Material Adverse Effect (it being understood that the foregoing shall not prohibit, or be violated as a result of, any transactions by or involving any Loan Party or Subsidiary
thereof otherwise permitted under Section 5.02(e) or (f) below). 
 (f) Visitation Rights. At any reasonable
time and from time to time, permit the Administrative Agent, or any agent or representatives thereof, to examine and make copies of and abstracts from the records and books of account of, and visit the properties of, any Loan Party and any of its
Subsidiaries, and to discuss the affairs, finances and accounts of any Loan Party and any of its Subsidiaries with any of their general partners, managing members, officers or directors. 

(g) Keeping of Books. Keep, and cause each of its Subsidiaries to keep, proper books of record and account, in which full and
correct entries shall be made of all financial transactions and the assets and business of such Loan Party and each such Subsidiary in accordance with GAAP. 
 (h) Maintenance of Properties, Etc. Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties that are used or useful in the conduct of its business
in good working order and condition, ordinary wear and tear excepted and will from time to time make or cause to be made all appropriate repairs, renewals and replacement thereof except where failure to do so would not have a Material Adverse
Effect. 

  
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 (i) Transactions with Affiliates and Excluded Subsidiaries. Conduct, and cause each
of its Subsidiaries to conduct, all transactions otherwise permitted under the Loan Documents with any of their Affiliates (other than transactions exclusively among or between the Loan Parties) or with any Excluded Subsidiary on terms that are fair
and reasonable and no less favorable to such Loan Party or such Subsidiary than it would obtain at the time in a comparable arm’s-length transaction with a Person not an Affiliate. 

(j) Covenant to Guarantee Obligations. The Borrowers shall cause each Asian Subsidiary to, in each case at the expense of the
Borrowers or such Asian Subsidiary: 
 (i) Within 15 days after any Excluded Subsidiary Agreement terminates or
otherwise becomes ineffective as to the Excluded Subsidiary party to such agreement, cause such Excluded Subsidiary to duly execute and deliver to the Administrative Agent a Guaranty Supplement in substantially the form of Exhibit C hereto, or such
other guaranty supplement in form and substance satisfactory to the Administrative Agent, guaranteeing the Obligations of the other Loan Parties under the Loan Documents, unless such Excluded Subsidiary (or a related Excluded Subsidiary) shall incur
Non-Recourse Debt permitted under Section 5.02(b)(ii)(G) within 60 days after the termination of such Excluded Subsidiary Agreement, and in such case the agreement in respect of such Non-Recourse Debt shall be deemed to be an Excluded
Subsidiary Agreement and the Borrowers shall, or cause such Excluded Subsidiary to, promptly deliver to the Administrative Agent (x) a copy of such agreement in respect of such Non-Recourse Debt and (y) an amended Schedule 4.01(y) that
sets forth such agreement in respect of such Non-Recourse Debt opposite the name of such Excluded Subsidiary. 

(ii) Within 15 days after the formation or acquisition of any new Asian Subsidiary, cause each such Asian Subsidiary
(other than an Asian Subsidiary (x) that is prohibited by the terms of any loan agreement or indenture or other agreement to which it or a related Excluded Subsidiary is a party (or a default under any such agreement would result therefrom)
from providing guarantees of the Obligations of the Loan Parties under the Loan Documents, (y) that is being formed with the intent to incur Non-Recourse Debt permitted under Section 5.02(b)(ii)(G) in respect of Assets that are not
Unencumbered Assets, or (z) that is inactive or holds de minimis assets (any Asian Subsidiary described in clauses (x), (y) or (z) of this parenthetical, a “Limited Subsidiary”)), and cause each direct
and indirect parent of such Subsidiary that is not a Limited Subsidiary (if it has not already done so), to duly execute and deliver to the Administrative Agent a Guaranty Supplement in substantially the form of Exhibit C hereto, or such other
guaranty supplement in form and substance satisfactory to the Administrative Agent, guaranteeing the other Loan Parties’ Obligations under the Loan Documents, provided that upon the formation or acquisition of any Limited Subsidiary,
each such Limited Subsidiary shall be deemed to be an Excluded Subsidiary and each such loan agreement or indenture or other material agreement (if any) that restricts such Limited Subsidiary from providing guarantees of the Obligations of the Loan
Parties under the Loan Documents shall be deemed to be an Excluded Subsidiary Agreement, and the Borrowers shall, or cause such Limited Subsidiary to, promptly deliver to the Administrative Agent (1) copies of such agreements or indentures in
respect of such Non-Recourse Debt and (2) an amended Schedule 4.01(y) that sets forth such agreements or indentures in respect of such Non-Recourse Debt opposite the name of such Limited Subsidiary. 

  
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 (iii) Upon the request by a Borrower that any Asset (a “Proposed
Unencumbered Asset”) be added as an Unencumbered Asset, in each case at such Borrower’s expense: 
 (A) within 10 days after such request, furnish to the Administrative Agent (1) the Deliverables, (2) confirmation that the Loan Parties are in compliance with the covenants contained in
Section 5.04 (both immediately before and on a pro forma basis immediately after the addition of such Proposed Unencumbered Asset as an Unencumbered Asset), evidenced by a certificate of the Chief Financial Officer (or other Responsible
Officer) of such Borrower delivered to the Administrative Agent prior to such addition demonstrating such compliance, and (3) a revised Schedule II hereto reflecting the addition of such Proposed Unencumbered Asset, provided that for
purposes of the definition of the term Unencumbered Assets (and subject to the proviso immediately following below), such revised Schedule II shall become effective only upon satisfaction of each of the conditions set forth in this
Section 5.01(j)(iii); provided, however, that, notwithstanding the foregoing, the failure to comply with one or more of the Unencumbered Asset Conditions or clause (b) of the definition of Deliverables shall not preclude the
addition of any Proposed Unencumbered Asset as an Unencumbered Asset so long as the Required Lenders shall have expressly consented to the addition of such Asset as an Unencumbered Asset notwithstanding such failure; and 

(B) as promptly as possible, furnish to the Administrative Agent such other approvals or documents as any Lender through
the Administration Agent may reasonably request. 
 (k) Further Assurances. Promptly upon request by the Administrative
Agent, or any Lender through the Administrative Agent, correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof. 

(l) Performance of Material Contracts. Perform and observe in all material respects all the terms and provisions of each Material
Contract to be performed or observed by it, maintain each such Material Contract in full force and effect, enforce in all material respects each such Material Contract in accordance with its terms, take all such action to such end as may be from
time to time reasonably requested by the Administrative Agent and, upon request of the Administrative Agent, make to each other party to each such Material Contract such demands and requests for information and reports or for action as any Loan
Party or any of its Subsidiaries is entitled to make under such Material Contract, and cause each of its Subsidiaries to do so. 

(m) Compliance with Terms of Leaseholds. Make all payments and otherwise perform all obligations in respect of all leases of real
property to which the Borrowers or any of their Subsidiaries is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated or any rights to renew such leases to be forfeited or cancelled, except, in the
case of Subsidiaries of the Borrowers only, if in the reasonably business judgment of such Subsidiary it is in its best economic interest not to maintain such lease or prevent such lapse, termination, forfeiture or cancellation and such failure to
maintain such lease or prevent such lapse, termination, forfeiture or cancellation is not in respect of a Qualifying Ground Lease for an Unencumbered Asset and is not otherwise reasonably likely to result in a Material Adverse Effect, notify the
Administrative Agent of any default by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so. 

  
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 (n) Interest Rate Hedging. Enter into within 30 days after the
Closing Date, and maintain at all times thereafter, interest rate Hedge Agreements (i) with Persons reasonably acceptable to the Administrative Agent, (ii) providing either an interest-rate swap for a fixed rate of interest reasonably
acceptable to the Administrative Agent or an interest-rate cap at an interest rate reasonably acceptable to the Administrative Agent, (iii) covering a notional amount equal to the amount, if any, by which (A) 66 2/3% of Consolidated Debt for Borrowed Money of the REIT and its
Subsidiaries exceeds (B) all Consolidated Debt for Borrowed Money of the REIT and its Subsidiaries then accruing interest at a fixed rate acceptable to the Administrative Agent and (iv) otherwise on terms and conditions reasonably
acceptable to the Administrative Agent. 
 (o) Maintenance of REIT Status. In the case of the REIT, at all times,
conduct its affairs and the affairs of its Subsidiaries in a manner so as to continue to qualify as a Real Estate Investment Trust and elect to be treated as a Real Estate Investment Trust under all applicable laws, rules and regulations.

 (p) NYSE Listing. In the case of the REIT, at all times cause its common shares to be duly listed on the New York
Stock Exchange or other national stock exchange. 
 (q) Sarbanes-Oxley. Comply at all times with all applicable
provisions of Section 402(a) of Sarbanes-Oxley, except where the failure to so comply could not reasonably be expected to result in a Material Adverse Effect. 
 (r) Additional Borrowers. If after the Closing Date, an Additional Borrower desires to become a Borrower hereunder, the Additional Borrower shall: (i) provide at least five (5) Business
Days’ prior notice to the Administrative Agent, and such notice shall designate whether the Additional Borrower proposes to be a Singapore Borrower, an Australia Borrower or a Hong Kong Borrower; (ii) duly execute and deliver to the
Administrative Agent a Borrower Accession Agreement; (iii) satisfy all of the conditions with respect thereto in form and substance reasonably satisfactory to the Administrative Agent; (iv) satisfy the “know your customer”
requirements of the Administrative Agent and each Lender and (v) obtain the consent of the Lenders in the applicable Facility under which such Additional Borrower proposes to become a Borrower that such Additional Borrower is acceptable as a
Borrower under the Loan Documents. The Additional Borrower’s addition as a Borrower shall also be conditioned upon (x) the Administrative Agent having determined that no withholding taxes will be imposed on any Lender after the addition of
such Additional Borrower as a result of the addition of such Additional Borrower and (y) the Administrative Agent having received (A) a certificate signed by a duly authorized officer of the Additional Borrower, dated the date of such
Borrower Accession Agreement certifying that: (1) the representations and warranties contained in each Loan Document are true and correct on and as of such date, before and after giving effect to the Additional Borrower becoming a Borrower and
as though made on and as of such date (except to the extent that such representations and warranties relate solely to an earlier date (in which case such representations and warranties shall have been true and correct on and as of such earlier date)
and (2) no Default or Event of Default has occurred and is continuing as of such date or would occur as a result of the Additional Borrower becoming a Borrower, (B) all of the documents set forth in Sections 3.01(a)(iii), (iv), (v), (vi),
(vii), (viii) with respect to the Additional Borrower and (C) a corporate formalities legal opinion relating to the Additional Borrower from counsel reasonably acceptable to the Administrative Agent, all in form and substance reasonably
satisfactory to the Agent. Upon the Additional Borrower’s addition as a Borrower, the Additional Borrower shall be deemed to be a Singapore Borrower, an Australia Borrower or a Hong Kong Borrower hereunder, as the case may be. The
Administrative Agent shall promptly notify each Lender upon the Additional Borrower’s addition as a Borrower hereunder and shall, upon request by any Lender, provide such Lender with a copy of the executed Borrower Accession Agreement.

  
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 (s) Certain Amendments to Note Documents. If any of the Note Documents is modified
(i) to add covenants or events of default that are not provided for in this Agreement, or (ii) to make covenants or events of default that are contained in the Note Documents immediately prior to such modification (and that are contained
in this Agreement immediately prior to such modification) more restrictive than such covenants or events of default were immediately prior to such modification, then (x) such additional or more restrictive covenants or events of default shall
immediately and automatically be incorporated by reference in this Agreement as if set forth fully herein, mutatis mutandis, effective as of the time when such additional or more restrictive covenants or events of default become effective under the
Note Documents, and no such provision may thereafter be waived, amended or modified under this Agreement except in accordance with the provisions of Section 9.01, and (y) the Operating Partnership shall promptly, and in any event within
five (5) Business Days of entering into any such modification, so advise the Administrative Agent thereof in writing. Thereafter, upon the request of the Administrative Agent or the Required Lenders, the Loan Parties shall enter into an
amendment to this Agreement evidencing the incorporation of such incremental or more restrictive covenant or event of default. 

SECTION 5.02 Negative Covenants. So long as any Advance or any other Obligation of any Loan Party under any Loan Document
shall remain unpaid or any Lender shall have any Commitment hereunder, no Loan Party will, at any time: 
 (a) Liens,
Etc. Create, incur, assume or suffer to exist, or permit any of its Subsidiaries to create, incur, assume or suffer to exist, any Lien on or with respect to any of its properties of any character (including, without limitation, accounts) whether
now owned or hereafter acquired, or sign or file or suffer to exist, or permit any of its Subsidiaries to sign or file or suffer to exist, under the Uniform Commercial Code of any jurisdiction, a financing statement (other than such financing
statements filed solely as a precaution in respect of true leases entered in the ordinary course of business) that names such Loan Party or any of its Subsidiaries as debtor, or sign or suffer to exist, or permit any of its Subsidiaries to sign or
suffer to exist, any security agreement authorizing any secured party thereunder to file such financing statement, or assign, or permit any of its Subsidiaries to assign, any accounts or other right to receive income, except, in the case of the Loan
Parties (other than the REIT) and their respective Subsidiaries: 
 (i) Permitted Liens; 

(ii) Liens described on Schedule 4.01(p) hereto; 

(iii) purchase money Liens upon or in equipment acquired or held by such Loan Party or any of its Subsidiaries in the
ordinary course of business to secure the purchase price of such equipment or to secure Debt incurred solely for the purpose of financing the acquisition of any such equipment to be subject to such Liens, or Liens existing on any such equipment at
the time of acquisition (other than any such Liens created in contemplation of such acquisition that do not secure the purchase price), or extensions, renewals or replacements of any of the foregoing for the same or a lesser amount; provided,
however, that no such Lien shall extend to or cover any property other than the equipment being acquired, and no such extension, renewal or replacement shall extend to or cover any property not theretofore subject to the Lien being extended,
renewed or replaced; and provided further that the aggregate principal amount of the Debt secured by Liens permitted by this clause (iii) shall not exceed the amount permitted under Section 5.02(b)(ii)(B) at any time outstanding;

  
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 (iv) Liens arising in connection with Capitalized Leases permitted under
Section 5.02(b)(ii)(C), provided that no such Lien shall extend to or cover any assets other than the assets subject to such Capitalized Leases; 
 (v) Liens on property of a Person existing at the time such Person is acquired by, merged into or consolidated with any Loan Party or any Subsidiary of any Loan Party or becomes a Subsidiary of any Loan
Party, provided that such Liens were not created in contemplation of such merger, consolidation or acquisition and do not extend to any assets other than those of the Person so merged into or consolidated with such Loan Party or such
Subsidiary or acquired by such Loan Party or such Subsidiary; 
 (vi) other Liens securing Non-Recourse Debt
permitted under Section 5.02(b)(ii)(G); 
 (vii) the replacement, extension or renewal of any Lien permitted
by clause (iii) or (v) above upon or in the same property theretofore subject thereto or the replacement, extension or renewal of the Debt secured thereby; 

(viii) Liens on property of the Operating Partnership or its Subsidiaries (other than Unencumbered Assets) securing Debt
under the Corporate Credit Agreement, the other Corporate Loan Documents or the Note Documents so long as no Default or Event of Default arises therefrom; and 

(ix) other Liens incurred in the ordinary course of business with respect to obligations in an amount not to exceed
U.S.$3,000,000 in the aggregate at any time. 
 (b) Debt. Create, incur, assume or suffer to exist, or permit any of its
Subsidiaries to create, incur, assume or suffer to exist, any Debt, except: 
 (i) (y) in the case of any Loan
Party or any Subsidiary of a Loan Party, Debt owed to any other Loan Party or any wholly-owned Subsidiary of any Loan Party (other than an Excluded Subsidiary), provided that, in each case, such Debt (1) shall be on terms acceptable to
the Administrative Agent and (2) shall be evidenced by promissory notes in form and substance satisfactory to the Administrative Agent, which promissory notes shall (unless payable to a Borrower) by their terms be subordinated to the
Obligations of the Loan Parties under the Loan Documents, and (z) in the case of any Excluded Subsidiary, Debt owed to any other Excluded Subsidiary; 
 (ii) in the case of each Loan Party (other than the REIT) and its Subsidiaries, 
 (A) Debt under the Loan Documents, 
 (B) Debt secured by Liens
permitted by Section 5.02(a)(iii) not to exceed in the aggregate U.S.$7,500,000 at any time outstanding, 

(C) (1) Capitalized Leases (other than with respect to Real Property) not to exceed in the aggregate U.S.$25,000,000 at
any time outstanding, and (2) in the case of Capitalized Leases (other than with respect to Real Property) to which any Subsidiary of a Loan Party is a party, Debt of such Loan Party of the type described in clause (i) of the definition of
“Debt” guaranteeing the Obligations of such Subsidiary under such Capitalized Leases, 

  
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 (D) [intentionally omitted], 

(E) Debt in respect of Hedge Agreements designed to hedge against fluctuations in interest rates or foreign exchange
rates incurred in the ordinary course of business and consistent with prudent business practice, 
 (F)
Unsecured Debt of the REIT and its Subsidiaries incurred in the ordinary course of business for borrowed money, maturing within one year from the date created, and aggregating, on a Consolidated basis, not more than U.S.$25,000,000 at any one time
outstanding, and 
 (G) Non-Recourse Debt (including, without limitation, the JV Pro Rata Share of Non-Recourse
Debt of any Joint Venture) in respect of Assets other than Unencumbered Assets, the incurrence of which would not result in a Default under Section 5.04 or any other provision of this Agreement; 

(iii) In the case of the REIT or any of its Subsidiaries: 

(A) Debt under Customary Carve-Out Agreements, 

(B) the Surviving Debt described on Schedule 4.01(o) hereto and any Refinancing Debt, extending, refunding, or
refinancing such Surviving Debt, and 
 (C) Recourse Debt (whether secured or unsecured) in an amount not to
exceed in the aggregate (1) 20% of Total Asset Value plus (2) the total commitment amount under the Corporate Loan Documents; provided, however, that any recourse guaranties of Non-Recourse Debt (exclusive of Customary
Carve-Out Agreements) otherwise permitted under this clause (C) shall not exceed in the aggregate 5% of Total Asset Value; provided further that during any period in which the Parent Guarantor shall maintain a Debt Rating of BBB /Baa3 or
better, then the Parent Guarantor and its Subsidiaries shall be permitted to incur Recourse Debt in any amount that would not result in a failure by any Borrower or the Parent Guarantor to comply with any of the financial covenants applicable to it
contained in Section 5.04; 
 (iv) In the case of the REIT or any of its Subsidiaries (other than the
Borrowers and their Subsidiaries), Debt under the Corporate Credit Agreement, the other Corporate Loan Documents and the Note Documents; 
 (v) in the case of each Loan Party, Debt under the Loan Documents; and 
 (vi) endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business. 
 (c) Corporate Credit Agreement; Note Documents. Notwithstanding anything to the contrary herein, permit a Borrower, any Subsidiary of the Borrowers or any Sister Subsidiary that is a Guarantor to
guarantee or otherwise become an obligor with respect to the obligations under the Corporate Credit Agreement, the other Corporate Loan Documents or the Note Documents. 
 (d) Change in Nature of Business. Engage in, or permit any of its Subsidiaries to engage in, any material new line of business different from those lines of business conducted by the Borrowers or

  
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any of their Subsidiaries on the Effective Date (after giving effect to the transactions contemplated by the Loan Documents), including the ownership, acquisition, development, construction,
rental and management of Real Property (including all Assets), and activities substantially related, necessary or incidental thereto. 
 (e) Mergers, Etc. Merge or consolidate with or into, or convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its
assets (whether now owned or hereafter acquired) to, any Person, or permit any of its Subsidiaries to do so; provided, however, that (i) any Subsidiary of a Loan Party may merge or consolidate with or into, or dispose of assets
to, any other Subsidiary of a Loan Party (provided that if one or more of such Subsidiaries is also a Loan Party, a Loan Party shall be the surviving entity) or any other Loan Party (provided that such Loan Party or, in the case of any Loan Party
other than a Borrower, another Loan Party shall be the surviving entity), and (ii) any Loan Party may merge with any Person that is not a Loan Party so long as such Loan Party or another Loan Party is the surviving entity, provided, in
each case, that no Default shall have occurred and be continuing at the time of such proposed transaction or would result therefrom. Notwithstanding any other provision of this Agreement, (y) any Subsidiary of a Loan Party (other than the
Borrowers and any Subsidiary that is the direct owner of an Unencumbered Asset) may liquidate or dissolve if the Borrowers determine in good faith that such liquidation or dissolution is in the best interests of the Borrowers and the assets or
proceeds from the liquidation or dissolution of such Subsidiary are transferred to a Borrower or any Subsidiary thereof, which Subsidiary shall be a Loan Party if the Subsidiary being liquidated or dissolved is a Loan Party, provided that no
Default or Event of Default shall have occurred and be continuing at the time of such proposed transaction or would result therefrom, and (z) any Loan Party or Subsidiary of a Loan Party shall be permitted to effect any Transfer of Unencumbered
Assets through the sale or transfer of the direct or indirect Equity Interests in the Subsidiary of such Loan Party that owns such Unencumbered Assets so long as Section 5.02(f) would otherwise permit the Transfer of all Unencumbered Assets
owned by such Subsidiary at the time of such sale or transfer of such Equity Interests. Upon the sale or transfer of Equity Interests in any Subsidiary or Subsidiaries of a Loan Party permitted under clause (z) above, the Administrative Agent
shall, upon the request of the applicable Borrower, release such Subsidiary or Subsidiaries from the Guaranty. 
 (f) Sales,
Etc. of Assets. (i) In the case of the REIT, sell, lease, transfer or otherwise dispose of, or grant any option or other right to purchase, lease or otherwise acquire any assets and (ii) in the case of the Loan Parties (other than the
REIT), sell, lease (other than enter into Tenancy Leases), transfer or otherwise dispose of, or grant any option or other right to purchase, lease (other than any option or other right to enter into Tenancy Leases) or otherwise acquire, or permit
any of its Subsidiaries to sell, lease (other than pursuant to a Tenancy Lease), transfer or otherwise dispose of, or grant any option or other right to purchase, lease (other than an option or other right to enter into a Tenancy Lease) or otherwise
acquire (each action described in clause (ii) of this subsection (f) being a “Transfer”), any Unencumbered Asset or Unencumbered Assets (or any direct or indirect Equity Interests in the owner thereof) other than
the following Transfers, which shall be permitted hereunder only so long as no Default or Event of Default shall exist or would result therefrom: 
 (A) the Transfer of any Unencumbered Asset or Unencumbered Assets from any Loan Party to another Loan Party or from a Subsidiary of a Loan Party to another Subsidiary of such Loan Party or any other Loan
Party, and 
 (B) the Transfer of any Unencumbered Asset or Unencumbered Assets to any Person, or the
designation of an Unencumbered Asset or Unencumbered Assets as a non-Unencumbered Asset or non-Unencumbered Assets, in each case with the intention that such Unencumbered Asset or Unencumbered Assets, upon consummation of such Transfer or upon such
designation, shall no longer 

  
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constitute an Unencumbered Asset or Unencumbered Assets for purposes of this Agreement, provided that (x) the remaining Unencumbered Assets continue to satisfy all Unencumbered Asset
Conditions and (y) the Loan Parties shall be in compliance with the covenants contained in Section 5.04 both immediately before and on a pro forma basis immediately after giving effect to such Transfer, provided further that
compliance with the foregoing proviso shall be evidenced by a certificate of the Chief Financial Officer (or other Responsible Officer performing similar functions) of the applicable Borrower delivered to the Administrative Agent prior to the date
of such Transfer demonstrating such compliance, together with supporting information in detail reasonably satisfactory to the Administrative Agent. 
 If, at any time after the designation in accordance with the foregoing clause (B) of all Unencumbered Assets of any Property-Level Subsidiary as non-Unencumbered Assets, the Administrative Agent
shall, upon the request of the applicable Borrower, release such Subsidiary (and any other Subsidiary related thereto to the extent reasonably requested by such Borrower) from the Guaranty. 

(g) Investments in Other Persons. Make or hold, or permit any of its Subsidiaries to make or hold, any Investment in any Person
other than: 
 (i) Investments by the Loan Parties and their Subsidiaries in their Subsidiaries outstanding on
the date hereof and additional Investments in Subsidiaries (including, without limitation, Investments comprised of loans or equity contributions to Excluded Subsidiaries or loans or equity contributions by one Excluded Subsidiary to another
Excluded Subsidiary) and, in the case of the Loan Parties (other than the REIT) and their Subsidiaries, Investments in Assets (including by asset or Equity Interest acquisitions), in each case subject, where applicable, to the limitations set forth
in Section 5.02(g)(iv); 
 (ii) Investments in Cash Equivalents; 

(iii) Investments consisting of intercompany Debt permitted under Section 5.02(b)(i); 

(iv) Investments consisting of the following items so long as (y) the aggregate amount outstanding, without
duplication, of all Investments described in this subsection does not exceed, at any time, 35% of Total Asset Value at such time, and (z) the aggregate amount of each of the following items of Investments does not exceed the specified
percentage of Total Asset Value set forth below: 
 (A) Investments in Redevelopment Assets and Development
Assets (including such assets that such Person has contracted to purchase for development with or without options to terminate the purchase agreement), so long as the aggregate amount of all such Investments in Redevelopment Assets and Development
Assets, calculated on the basis of actual cost, does not at any time exceed 25.0% of Total Asset Value at such time; provided, however, that the limitations set forth in this clause (A) shall not apply to any Redevelopment Asset or
Development Asset that is 85% pre-leased pursuant to duly executed Tenancy Leases and all completion and performance guarantees pertaining to such Asset are reasonably satisfactory to the Administrative Agent, 

  
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 (B) Investments in undeveloped land (including undeveloped land that such
Person has contracted to purchase with or without options to terminate the purchase agreement), so long as the aggregate amount of all such Investments in undeveloped land, calculated on the basis of actual cost, does not at any time exceed 10.0% of
Total Asset Value at such time, and 
 (C) Investments in Joint Ventures of any Loan Party or its Subsidiaries
so long as the aggregate amount of such Investments outstanding does not at any time exceed 25% of Total Asset Value of the REIT and its Subsidiaries, as determined in accordance with GAAP, at such time; 

(v) Investments by a Borrower in Hedge Agreements permitted under Section 5.02(b)(ii)(E); 

(vi) To the extent permitted by applicable law, advances to officers, directors and employees of any Loan Party or any
Subsidiary of any Loan Party in the ordinary course of business, for travel, entertainment, relocation and analogous ordinary business purposes; 
 (vii) Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit extended in the ordinary course of business in an
aggregate amount not to exceed U.S.$10,000,000; and 
 (viii) Investments received in satisfaction or partial
satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss. 
 (h) Restricted Payments. In the case of the REIT, declare or pay any dividends, purchase, redeem, retire, defease or otherwise acquire for value any of its Equity Interests now or hereafter
outstanding, return any capital to its stockholders, partners or members (or the equivalent Persons thereof) as such, make any distribution of assets, Equity Interests, obligations or securities to its stockholders, partners or members (or the
equivalent Persons thereof) as such; provided, however, that the REIT may declare and pay dividends or make other distributions of common stock or cash or purchase, redeem, retire, defease or otherwise acquire for value any of its
Equity Interests, in each case only (i) so long as no Event of Default under Sections 6.01(a), (c) or (e) shall have occurred and be continuing, (y) in an aggregate amount not to exceed during any four consecutive fiscal quarters
of the REIT the greater of (A) 95% of Funds From Operations for such four fiscal quarter period and (B) the minimum amount necessary to maintain its status as a Real Estate Investment Trust and avoid the imposition of income or excise
taxes on the REIT, and (ii) as may be required to comply with Section 5.01(o). 
 (i) Amendments of Constitutive
Documents. Amend, in each case in any material respect, its limited liability company agreement, certificate of incorporation or bylaws or other constitutive documents, provided that (i) any amendment to any such constitutive
document that would be adverse to any of the Lenders shall be deemed “material” for purposes of this Section, (ii) any amendment to any such constitutive document that would designate such Loan Party as a “special purpose
entity” or otherwise confirm such Loan Party’s status as a “special purpose entity” shall be deemed “not material” for purposes of this Section, (iii) any amendment to any such constitutive document effected solely
for the purpose of designating (or otherwise establishing the terms of), issuing, or authorizing for issuance Preferred Interests in the REIT that do not comprise Debt and are not otherwise prohibited under the other provisions of this Agreement
shall be deemed “not material” for purposes of this Section, and (iv) any amendment to any such constitutive document effected solely for the purpose of issuing or 

  
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otherwise establishing the terms of Preferred Interests of a Borrower in connection with a contemporaneous issuance of Preferred Interests of the REIT of the type described in the foregoing
clause (iii) and in accordance with Section 4.3 of the Seventh Amended and Restated Agreement of Limited Partnership of the Operating Partnership dated as of February 4, 2008 (or any substantially similar provisions in any subsequent
amendment thereof), which Preferred Interests of the Operating Partnership do not comprise Debt and are not otherwise prohibited under the other provisions of this Agreement, shall be deemed “not material” for purposes of this Section.

 (j) Accounting Changes. Make or permit, or permit any of its Subsidiaries to make or permit, any change in
(i) accounting policies or reporting practices, except as required or permitted by generally accepted accounting principles, or (ii) Fiscal Year. 
 (k) Speculative Transactions. Engage, or permit any of its Subsidiaries to engage, in any transaction involving commodity options or futures contracts or any similar speculative transactions.

 (l) Payment Restrictions Affecting Subsidiaries. Directly or indirectly, enter into or suffer to exist, or permit any
of its Subsidiaries to enter into or suffer to exist, any agreement or arrangement limiting the ability of any of its Subsidiaries to declare or pay dividends or other distributions in respect of its Equity Interests or repay or prepay any Debt owed
to, make loans or advances to, or otherwise transfer assets to or invest in, a Borrower or any Subsidiary of a Borrower (whether through a covenant restricting dividends, loans, asset transfers or investments, a financial covenant or otherwise),
except (i) the Loan Documents and the Corporate Loan Documents, (ii) any agreement or instrument evidencing Surviving Debt or Refinancing Debt, (iii) any agreement evidencing any Non-Recourse Debt permitted under this Agreement so
long as any such limiting agreement or arrangement in such agreement may be triggered only by a default or event of default under the terms of such agreement or is on customary terms otherwise satisfactory to the Administrative Agent;
(iv) customary provisions under Debt permitted under Section 5.02(b) which, following a default or event of default in respect of such Debt, limit the ability of any Person to make payments on Debt described in Section 5.02(b)(i);
(v) customary provisions under any secured Debt permitted under Section 5.02(b) which limit the ability of any Person to transfer the assets encumbered by Liens securing such Debt; (vi) provisions under the Note Documents (including
affirmative and negative covenants) that are generally consistent with comparable provisions under the Loan Documents; (vii) any agreement in effect at the time such Subsidiary becomes a Subsidiary of a Borrower, so long as such agreement was
not entered into solely in contemplation of such Person becoming a Subsidiary of a Borrower, (viii) any Excluded Subsidiary Agreement, and (ix) any restrictions with respect to any Subsidiary of a Borrower imposed pursuant to an agreement
which has been entered into for the sale or disposition of all or substantially all of the Equity Interests in or assets of such Subsidiary to an unaffiliated Person that is not prohibited by Section 5.02(f). 

(m) Amendment, Etc. of Material Contracts. Cancel or terminate any Material Contract or consent to or accept any cancellation or
termination thereof, amend or otherwise modify any Material Contract or give any consent, waiver or approval thereunder, waive any default under or breach of any Material Contract, agree in any manner to any other amendment, modification or change
of any term or condition of any Material Contract or take any other action in connection with any Material Contract that would materially impair the value of the interest or rights of any Loan Party thereunder or that would impair or otherwise
materially adversely affect the interest or rights of the Administrative Agent or any Lender, or permit any of its Subsidiaries to do any of the foregoing. 
 (n) Negative Pledge. Enter into or suffer to exist, or permit any of its Subsidiaries to enter into or suffer to exist, any agreement prohibiting or conditioning the creation or assumption of any
Lien upon any of its property or assets (including, without limitation, any Unencumbered Assets), except 

  
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(i) pursuant to the Loan Documents, the Corporate Loan Documents or the Note Documents, (ii) pursuant to any Excluded Subsidiary Agreement, (iii) as set forth in Article 11 of the Fifth
Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as in effect on the date hereof (or any substantially similar provisions in any subsequent amendment thereof, to the extent such amendment is permitted under the
Loan Documents), or (iv) in connection with (A) any Surviving Debt and any Refinancing Debt extending, refunding or refinancing such Surviving Debt, (B) any purchase money Debt permitted by Section 5.02(b)(ii)(B) solely to the
extent that the agreement or instrument governing such Debt prohibits a Lien on the property acquired with the proceeds of such Debt, (C) any Capitalized Lease permitted by Section 5.02(b)(ii)(C) solely to the extent that such Capitalized
Lease prohibits a Lien on the property subject thereto, (D) any Debt outstanding on the date any Subsidiary of a Borrower becomes such a Subsidiary (so long as such agreement was not entered into solely in contemplation of such Subsidiary
becoming a Subsidiary of a Borrower), (E) any Non-Recourse Debt permitted under Section 5.02(b)(ii)(G), or (F) any Debt permitted under Section 5.02(b)(iii)(C). 

(o) REIT as Holding Company. In the case of the REIT, enter into or conduct any business, or engage in any activity (including,
without limitation, any action or transaction that is required or restricted with respect to the Borrowers and their Subsidiaries under Sections 5.01 and 5.02 without regard to any of the enumerated exceptions to such covenants), other than
(i) the holding of the Equity Interests of the Operating Partnership; (ii) the performance of its duties as general partner of the Operating Partnership; (iii) the performance of its Obligations (subject to the limitations set forth
in the Loan Documents) under each Loan Document to which it is a party; (iv) the making of equity Investments in the Operating Partnership and its Subsidiaries, provided each such Investment (A) shall be on terms acceptable to the
Administrative Agent and (B) shall be evidenced by stock certificates, promissory notes or instruments in form and substance satisfactory to the Administrative Agent; (v) maintenance of any deposit accounts required in connection with the
conduct by the REIT of business activities otherwise permitted under the Loan Documents; (vi) activities permitted under the Loan Documents, including without limitation the incurrence of Debt (and guarantees thereof) permitted under Sections
5.02(b)(iii) and (iv); (vii) engaging in any activity necessary or desirable to continue to qualify as a Real Estate Investment Trust; and (viii) activities incidental to each of the foregoing. 

(p) Excluded Subsidiaries. Enter into or suffer to exist, or permit any Excluded Subsidiary to enter into or suffer to exist, any
agreement prohibiting or conditioning (i) the guaranty by such Excluded Subsidiary of the Obligations of the Loan Parties under the Loan Documents or (ii) the creation or assumption of any Lien upon any of such Excluded Subsidiary’s
property or assets, except (x) as would be permitted under Section 5.02(n) or 5.01(e), (y) pursuant to an Excluded Subsidiary Agreement in effect on the later of the Effective Date and the date on which such Excluded Subsidiary
becomes a Subsidiary of such Loan Party or (z) in connection with the incurrence by such Excluded Subsidiary (or Subsidiary of a Borrower directly related thereto) of Debt permitted under Section 5.02(b)(ii)(G) or 5.02(b)(iii)(C).

 (q) Repayment of Qualified French Intercompany Loans. Pay, prepay, terminate or otherwise retire any Qualified French
Intercompany Loan without the prior written approval of the Administrative Agent. 
 SECTION 5.03 Reporting
Requirements. So long as any Advance or any other Obligation of any Loan Party under any Loan Document shall remain unpaid or any Lender shall have any Commitment hereunder, the Borrowers will furnish to the Administrative Agent for transmission
to the Lenders in accordance with Section 9.02(b): 
 (a) Default Notice. As soon as possible and in any event
within three (3) Business Days after a Responsible Officer obtains knowledge of the occurrence of each Default or any event, 

  
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development or occurrence reasonably likely to have a Material Adverse Effect, in each case, if continuing on the date of such statement, a statement of the Chief Financial Officer (or other
Responsible Officer) of the REIT setting forth details of such Default or such event, development or occurrence and the action that the REIT has taken and proposes to take with respect thereto. 

(b) Annual Financials. As soon as available and in any event within 90 days after the end of each Fiscal Year, a copy of the
annual audit report for such year for the REIT and its Subsidiaries, including therein Consolidated balance sheets of the REIT and its Subsidiaries as of the end of such Fiscal Year and Consolidated statements of income and a Consolidated statement
of cash flows of the REIT and its Subsidiaries for such Fiscal Year (it being acknowledged that a copy of the annual audit report filed by the REIT with the Securities and Exchange Commission shall satisfy the foregoing requirements), in each case
accompanied by an opinion reasonably acceptable to the Administrative Agent of KPMG LLP or other independent public accountants of recognized standing reasonably acceptable to the Administrative Agent, together with (i) a certificate of such
accounting firm to the Lenders stating that in the course of the regular audit of the business of the REIT and its Subsidiaries, which audit was conducted by such accounting firm in accordance with generally accepted auditing standards, such
accounting firm has obtained no knowledge that a Default with respect to Section 5.04 has occurred and is continuing, or if, in the opinion of such accounting firm, a Default with respect to Section 5.04 has occurred and is continuing, a
statement as to the nature thereof, (ii) a schedule in form reasonably satisfactory to the Administrative Agent of the computations used by such accountants in determining, as of the end of such Fiscal Year, compliance with the covenants
contained in Section 5.04, provided that in the event of any change in GAAP used in the preparation of such financial statements, the REIT shall also provide, if necessary for the determination of compliance with Section 5.04, a
statement of reconciliation conforming such financial statements to GAAP and (iii) a certificate of the Chief Financial Officer (or other Responsible Officer performing similar functions) of the REIT stating that no Default has occurred and is
continuing or, if a Default has occurred and is continuing, a statement as to the nature thereof and the action that the REIT has taken and proposes to take with respect thereto. 

(c) Quarterly Financials. As soon as available and in any event within 45 days after the end of each of the first three quarters
of each Fiscal Year, Consolidated balance sheets of the REIT and its Subsidiaries as of the end of such quarter and Consolidated statements of income and a Consolidated statement of cash flows of the REIT and its Subsidiaries for the period
commencing at the end of the previous fiscal quarter and ending with the end of such fiscal quarter and Consolidated statements of income and a Consolidated statement of cash flows of the REIT and its Subsidiaries for the period commencing at the
end of the previous Fiscal Year and ending with the end of such quarter, setting forth in each case in comparative form the corresponding figures for the corresponding date or period of the preceding Fiscal Year, all in reasonable detail and duly
certified (subject to normal year-end audit adjustments) by the Chief Financial Officer (or other Responsible Officer performing similar functions) of the REIT as having been prepared in accordance with GAAP (it being acknowledged that a copy of the
quarterly financials filed by the REIT with the Securities and Exchange Commission shall satisfy the foregoing requirements), together with (i) a certificate of said officer stating that (x) no Default has occurred and is continuing or, if
a Default has occurred and is continuing, a statement as to the nature thereof and the action that the REIT has taken and proposes to take with respect thereto and (y) setting forth the withholding tax rate applicable in such jurisdiction to
the making of interest payments on Debt to lenders domiciled in Singapore or Australia in all Withholding Tax Jurisdictions, and (ii) a schedule in form reasonably satisfactory to the Administrative Agent of the computations used by the REIT in
determining compliance with the covenants contained in Section 5.04, provided that in the event of any change in GAAP used in the preparation of such financial statements, the REIT shall also provide, if necessary for the determination
of compliance with Section 5.04, a statement of reconciliation conforming such financial statements to GAAP, provided further, that items that would otherwise be 

  
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required to be furnished pursuant to this Section 5.03(c) prior to the 45th day after the Closing Date shall be furnished on or before the 45th day after the Closing Date. 

(d) Unencumbered Assets Certificate. As soon as available and in any event within (i) 45 days after the end of each of the
first three quarters of each Fiscal Year and (ii) 70 days after the end of the fourth quarter of each Fiscal Year, an Unencumbered Assets Certificate, as at the end of such quarter, certified by the Chief Financial Officer (or other Responsible
Officer performing similar functions) of the REIT. 
 (e) Unencumbered Assets Financials. As soon as available and in any
event within (i) 45 days after the end of each of the first three quarters of each Fiscal Year and (ii) 70 days after the end of the fourth quarter of each Fiscal Year, financial information in respect of all Unencumbered Assets, in form
and detail satisfactory to the Administrative Agent. 
 (f) Annual Budgets. As soon as available and in any event no
later than 90 days after the end of each Fiscal Year, forecasts prepared by management of the REIT, in form satisfactory to the Administrative Agent, of balance sheets, income statements and cash flow statements on a monthly basis for the then
current Fiscal Year and on an annual basis for each Fiscal Year thereafter until the Termination Date. 
 (g) Material
Litigation. Promptly after the commencement thereof, notice of all actions, suits, investigations, litigation and proceedings before any court or governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign,
affecting any Loan Party or any of its Subsidiaries of the type described in Section 4.01(f), and promptly after the occurrence thereof, notice of any material adverse change in the status or the financial effect on any Loan Party or any of its
Subsidiaries of the Disclosed Litigation from that described on Schedule 4.01(f) hereto. 
 (h) Securities Reports.
Promptly after the sending or filing thereof, copies of all proxy statements, financial statements and reports that any Loan Party or any of its Subsidiaries sends to the holders of its Equity Interests, and copies of all regular, periodic and
special reports, and all registration statements, that any Loan Party or any of its Subsidiaries files with the Securities and Exchange Commission or any governmental authority that may be substituted therefor, or with any national securities
exchange. 
 (i) Real Property. As soon as available and in any event within 90 days after the end of each Fiscal Year, a
report supplementing Schedules 4.01(q) and 4.01(r) hereto, including an identification of all owned and leased real property disposed of by any Loan Party or any of its Subsidiaries during such Fiscal Year, a list and description (including the
street address, county or other relevant jurisdiction, state, record owner, book value thereof and, in the case of leases of property, lessor, lessee, expiration date and annual rental cost thereof) of all Real Property acquired or leased by any
Loan Party or any of its Subsidiaries during such Fiscal Year and a description of such other changes in the information included in such Schedules as may be necessary for such Schedules to be accurate and complete. 

(j) Assets Report. As soon as available and in any event within 90 days after the end of each quarter of each Fiscal Year, a
report listing all Assets of the REIT and its Subsidiaries as of the end of such quarter in form and substance reasonably satisfactory to the Administrative Agent. 
 (k) Environmental Conditions. Give notice in writing to the Administrative Agent (i) promptly upon a Responsible Officer of a Loan Party obtaining knowledge of any material violation of any
Environmental Law affecting any Asset or the operations thereof or the operations of any of its Subsidiaries, (ii) promptly upon obtaining knowledge of any known release, discharge or disposal of any

  
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Hazardous Materials at, from, or into any Asset which it reports in writing or is reportable by it in writing to any governmental authority and which is material in amount or nature or which
could reasonably be expected to materially adversely affect the value of such Asset, (iii) promptly upon a Loan Party’s receipt of any notice of material violation of any Environmental Laws or of any material release, discharge or disposal
of Hazardous Materials in violation of any Environmental Laws or any matter that may result in an Environmental Action, including a notice or claim of liability or potential responsibility from any third party (including without limitation any
federal, state or local governmental officials) and including notice of any formal inquiry, proceeding, demand, investigation or other action with regard to (A) such Loan Party’s or any other Person’s operation of any Asset,
(B) contamination on, from or into any Asset, or (C) investigation or remediation of off-site locations at which such Loan Party or any of its predecessors are alleged to have directly or indirectly disposed of Hazardous Materials, or
(iv) upon a Responsible Officer of such Loan Party obtaining knowledge that any expense or loss has been incurred by such governmental authority in connection with the assessment, containment, removal or remediation of any Hazardous Materials
with respect to which such Loan Party or any Joint Venture may be liable or for which a Lien may be imposed on any Asset, provided that any of the events described in clauses (i) through (iv) above would have a Material Adverse
Effect or could reasonably be expected to result in an Environmental Action with respect to any Unencumbered Asset. 
 (l)
Unencumbered Asset Conditions. Promptly after discovery by a Responsible Officer of a Loan Party of any condition or event which causes any of the Assets listed as Unencumbered Assets on Schedule II hereto to no longer comply with the
requirements set forth in the definition of Unencumbered Asset Conditions, provide the Administrative Agent with notice thereof. 
 (m) Debt Rating. As soon as possible and in any event within three days after a Responsible Officer obtains knowledge of any change in the Debt Rating, a statement of the Chief Financial Officer
(or other Responsible Officer) of the REIT setting forth the new Debt Rating. 
 (n) Other Information. Promptly, such
other information respecting the business, condition (financial or otherwise), operations, performance, properties or prospects of any Loan Party or any of its Subsidiaries as the Administrative Agent, or any Lender through the Administrative Agent,
may from time to time reasonably request. 
 SECTION 5.04 Financial Covenants. So long as any Advance or any other
Obligation of any Loan Party under any Loan Document shall remain unpaid or any Lender shall have, at any time after the Initial Extension of Credit, any Commitment hereunder, the REIT will: 

(a) REIT Financial Covenants. 
 (i) Maximum Total Leverage Ratio: Maintain (A) at the end of each fiscal quarter of the REIT and (B) on the date of each Advance (both before and after giving effect to such Advance), a
Leverage Ratio not greater than 65.0%, provided that the REIT shall have a one-time right to maintain a Leverage Ratio of greater than 65.0% but less than 70.0% for up to two consecutive fiscal quarters of the REIT during the term of the
Facilities. 
 (ii) Minimum Fixed Charge Coverage Ratio. Maintain (A) at the end of each fiscal
quarter of the REIT and (B) on the date of each Advance (both before and after giving effect to such Advance), a Fixed Charge Coverage Ratio of not less than 1.40:1.00. 

  
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 (iii) Maximum Secured Debt Leverage Ratio: Maintain (A) at the
end of each fiscal quarter of the REIT and (B) on the date of each Advance (both before and after giving effect to such Advance), a Secured Debt Leverage Ratio not greater than 60.0%. 

(iv) Minimum Tangible Net Worth: Maintain at all times an excess of Total Asset Value minus Consolidated Debt, in
each case, of the REIT and its Subsidiaries, of not less than the sum of U.S.$1,000,000,000 plus an amount equal to 75% of the proceeds of all primary issuances or primary sales of Equity Interests of the REIT or the Borrowers consummated
after May 31, 2007. 
 (b) Unencumbered Assets Financial Covenants. 

(i) Maximum Unsecured Debt to Total Unencumbered Asset Value: Not permit at any time Unsecured Debt of the
Borrowers, their Subsidiaries and the Sister Subsidiaries to be greater than 70% of the Total Unencumbered Asset Value at such time. 
 (ii) Minimum Unencumbered Assets Debt Service Coverage Ratio: Maintain (A) at the end of each fiscal quarter of the REIT and (B) at the time of each Advance (both before and after giving
effect to such Advance) an Unencumbered Assets Debt Service Coverage Ratio of not less than 1.50:1.00. 
 To the extent any
calculations described in Sections 5.04(a) or 5.04(b) are required to be made on any date of determination other than the last day of a fiscal quarter of the REIT, such calculations shall be made on a pro forma basis to account for any
acquisitions or dispositions of Assets, and the incurrence or repayment of any Debt for Borrowed Money relating to such Assets, that have occurred since the last day of the fiscal quarter of the REIT most recently ended. All such calculations shall
be reasonably acceptable to the Administrative Agent. 
 ARTICLE VI 

EVENTS OF DEFAULT 
 SECTION 6.01 Events of Default. If any of the following events (“Events of Default”) shall occur and be continuing: 

(a) (i) a Borrower shall fail to pay any principal of any Advance when the same shall become due and payable or
(ii) a Borrower shall fail to pay any interest on any Advance, or any Loan Party shall fail to make any other payment under any Loan Document when due and payable, in each case under this clause (ii) within three Business Days after the
same becomes due and payable; or 
 (b) any representation or warranty made by any Loan Party (or any of its
officers or the officers of its general partner or managing member, as applicable) under or in connection with any Loan Document shall prove to have been incorrect in any material respect when made; or 

(c) a Borrower shall fail to perform or observe any term, covenant or agreement contained in Section 2.14, 5.01(d),
(e), (f), (i), (j), (o), (p) or (q), 5.02, 5.03 or 5.04; or 
 (d) any Loan Party shall fail to perform or
observe any other term, covenant or agreement contained in any Loan Document on its part to be performed or observed if such failure shall remain unremedied for 30 days after the earlier of the date on which (i) a

  
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Responsible Officer becomes aware of such failure or (ii) written notice thereof shall have been given to the Borrowers by the Administrative Agent or any Lender; or 

(e) (i) any Loan Party or any of its Subsidiaries shall fail to pay any principal of, premium or interest on or any other
amount payable in respect of any Material Debt when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any,
specified in the agreement or instrument relating to such Material Debt; or (ii) any other event shall occur or condition shall exist under any agreement or instrument relating to any such Material Debt, if (A) the effect of such event or
condition is to permit the acceleration of the maturity of such Material Debt or otherwise permit the holders thereof to cause such Material Debt to mature, and (B) such event or condition shall remain unremedied or otherwise uncured for a
period of 30 days; or (iii) the maturity of any such Material Debt shall be accelerated or any such Material Debt shall be declared to be due and payable or required to be prepaid or redeemed (other than by a regularly scheduled required
prepayment or redemption), purchased or defeased, or an offer to prepay, redeem, purchase or defease such Material Debt shall be required to be made, in each case prior to the stated maturity thereof; or 

(f) any Loan Party shall generally not pay its debts as such debts become due, or shall admit in writing its inability to
pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against any Loan Party seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up,
reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of
a receiver, trustee, or other similar official for it or for any substantial part of its property and, in the case of any such proceeding instituted against it (but not instituted by it) that is being diligently contested by it in good faith, either
such proceeding shall remain undismissed or unstayed for a period of 30 days or any of the actions sought in such proceeding (including, without limitation, the entry of an order for relief against, or the appointment of a receiver, trustee,
custodian or other similar official for, it or any substantial part of its property) shall occur; or any Loan Party shall take any corporate action to authorize any of the actions set forth above in this subsection (f); or 

(g) any judgments or orders, either individually or in the aggregate, for the payment of money in excess of
U.S.$30,000,000 (or the Equivalent thereof in any foreign currency) shall be rendered against any Loan Party or any of its Subsidiaries and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order
or (ii) there shall be any period of 45 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; provided, however, that any such judgment
or order shall not give rise to an Event of Default under this Section 6.01(g) if and so long as (A) the amount of such judgment or order which remains unsatisfied is covered by a valid and binding policy of insurance between the
respective Loan Party and the insurer covering full payment of such unsatisfied amount (subject to customary deductibles) and (B) such insurer, which shall be rated at least “A” by A.M. Best Company, has been notified, and has not
disputed the claim made for payment, of the amount of such judgment or order; or 
 (h) any non-monetary judgment
or order shall be rendered against any Loan Party or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect, and there shall be any period of 30 consecutive days during which a stay of enforcement of such
judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 

  
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 (i) any provision of any Loan Document after delivery thereof pursuant to
Section 3.01 or 5.01(j) shall for any reason (other than pursuant to the terms thereof) cease to be valid and binding on or enforceable in any material respect against any Loan Party party to it, or any such Loan Party shall so state in
writing; or 
 (j) a Change of Control shall occur; or 

(k) the occurrence of an Event of Default (as defined in the Corporate Credit Agreement or the Note Documents), without
reference to any waivers or amendments relating thereto that are entered into on or after the date hereof, except to the extent that such waivers or amendments have been approved by the Required Lenders hereunder; or 

(l) any ERISA Event shall have occurred with respect to a Plan and the sum (determined as of the date of occurrence of
such ERISA Event) of the Insufficiency of such Plan and the Insufficiency of any and all other Plans with respect to which an ERISA Event shall have occurred and then exist (or the liability of the Loan Parties and the ERISA Affiliates related to
such ERISA Event) exceeds U.S.$20,000,000; or 
 (m) any Loan Party or any ERISA Affiliate shall have been
notified by the sponsor of a Multiemployer Plan that it has incurred Withdrawal Liability to such Multiemployer Plan in an amount that, when aggregated with all other amounts required to be paid to Multiemployer Plans by the Loan Parties and the
ERISA Affiliates as Withdrawal Liability (determined as of the date of such notification), exceeds U.S.$20,000,000 or requires payments exceeding U.S.$5,000,000 per annum; or 

(n) any Loan Party or any ERISA Affiliate shall have been notified by the sponsor of a Multiemployer Plan that such
Multiemployer Plan is in reorganization or is being terminated, within the meaning of Title IV of ERISA, and as a result of such reorganization or termination the aggregate annual contributions of the Loan Parties and the ERISA Affiliates to all
Multiemployer Plans that are then in reorganization or being terminated have been or will be increased over the amounts contributed to such Multiemployer Plans for the plan years of such Multiemployer Plans immediately preceding the plan year in
which such reorganization or termination occurs by an amount exceeding U.S.$5,000,000; 
 then, and in any such event, the Administrative Agent
(i) shall at the request, or may with the consent, of the Required Lenders, by notice to the Borrowers, declare the Commitments of each Lender and the obligation of each Lender to make Advances to be terminated, whereupon the same shall
forthwith terminate, and (ii) shall at the request, or may with the consent, of the Required Lenders, by notice to the Borrowers, declare the Advances, all interest thereon and all other amounts payable under this Agreement and the other Loan
Documents to be forthwith due and payable, whereupon the Advances, all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby
expressly waived by the Borrowers; provided, however, that in the event of an actual or deemed entry of an order for relief with respect to a Borrower under any Bankruptcy Law, (y) the Commitments of each Lender and the obligation of
each Lender to make Advances shall automatically be terminated and (z) the Advances, all such interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all
of which are hereby expressly waived by the Borrowers. 

  
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 ARTICLE VII 
 GUARANTY 
 SECTION 7.01 Guaranty; Limitation of Liability.
(a) Each Guarantor hereby absolutely, unconditionally and irrevocably guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of (i) in the
case of each Guarantor (other than the Borrowers), all Obligations of the Borrowers and each other Loan Party now or hereafter existing under or in respect of the Loan Documents (including, without limitation, any extensions, modifications,
substitutions, amendments or renewals of any or all of the foregoing Obligations), whether direct or indirect, absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or
otherwise, and (ii) in the case of each Borrower, all Obligations of the other Borrowers now or hereafter existing under or in respect of the Loan Documents (including, without limitation, any extensions, modifications, substitutions,
amendments or renewals of any or all of the foregoing Obligations), whether direct or indirect, absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such
Obligations referred to in clauses (i) and (ii) being the “Guaranteed Obligations”), and agrees to pay any and all expenses (including, without limitation, fees and expenses of counsel) incurred by the
Administrative Agent or any other Lender Party in enforcing any rights under this Agreement or any other Loan Document. Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute
part of the Guaranteed Obligations and would be owed by any other Loan Party to any Lender Party under or in respect of the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy,
reorganization or similar proceeding involving such other Loan Party. This Guaranty is a guaranty of payment and not merely of collection. 
 (b) Each Guarantor, the Administrative Agent and each other Lender and, by its acceptance of the benefits of this Guaranty, each other Lender Party, hereby confirms that it is the intention of all such
Persons that this Guaranty and the Obligations of each Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar
foreign, federal or state law to the extent applicable to this Guaranty and the Obligations of each Guarantor hereunder. To effectuate the foregoing intention, the Guarantors, the Administrative Agent, the other Lenders and, by their acceptance of
the benefits of this Guaranty, the other Lender Parties hereby irrevocably agree that the Obligations of each Guarantor under this Guaranty at any time shall be limited to the maximum amount as will result in the Obligations of such Guarantor under
this Guaranty not constituting a fraudulent transfer or conveyance. 
 (c) Each Guarantor hereby unconditionally and irrevocably
agrees that in the event any payment shall be required to be made to any Lender Party under this Guaranty or any other guaranty, such Guarantor will contribute, to the maximum extent permitted by law, such amounts to each other Guarantor and each
other guarantor so as to maximize the aggregate amount paid to the Lender Parties under or in respect of the Loan Documents. 

(d) The liability of each Guarantor under this Guaranty shall be joint and several. 

SECTION 7.02 Guaranty Absolute. Each Guarantor guarantees that the Guaranteed Obligations will be paid strictly in accordance
with the terms of this Agreement and the other Loan Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Administrative Agent or any other Lender Party
with respect thereto. The Obligations of each Guarantor under or in respect of this Guaranty are independent of the Guaranteed Obligations or any other Obligations of any other Loan Party under or in respect of this

  
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Agreement or the other the Loan Documents, and a separate action or actions may be brought and prosecuted against each Guarantor to enforce this Guaranty, irrespective of whether any action is
brought against a Borrower or any other Loan Party or whether a Borrower or any other Loan Party is joined in any such action or actions. The liability of each Guarantor under this Guaranty shall be irrevocable, absolute and unconditional
irrespective of, and each Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to, any or all of the following: 

(a) any lack of validity or enforceability of any Loan Document or any agreement or instrument relating thereto;

 (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the
Guaranteed Obligations or any other Obligations of any other Loan Party under or in respect of the Loan Documents, or any other amendment or waiver of or any consent to departure from any Loan Document, including, without limitation, any increase in
the Guaranteed Obligations resulting from the extension of additional credit to the Borrowers, any other Loan Party or any of their Subsidiaries or otherwise; 
 (c) any taking, release or amendment or waiver of, or consent to departure from, any other guaranty, for all or any of the Guaranteed Obligations; 

(d) any manner of application of any assets of any Loan Party or any of its Subsidiaries, or proceeds thereof, to all or
any of the Guaranteed Obligations, or any manner of sale or other disposition of any assets of any Loan Party or any of its Subsidiaries for all or any of the Guaranteed Obligations or any other Obligations of any Loan Party under the Loan
Documents; 
 (e) any change, restructuring or termination of the corporate structure or existence of any Loan
Party or any of its Subsidiaries; 
 (f) any failure of the Administrative Agent or any other Lender Party to
disclose to any Loan Party any information relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any other Loan Party now or hereafter known to the Administrative Agent or such other Lender
Party (each Guarantor waiving any duty on the part of the Administrative Agent and each other Lender Party to disclose such information); 
 (g) the failure of any other Person to execute or deliver this Agreement, any other Loan Document, any Guaranty Supplement (as hereinafter defined) or any other guaranty or agreement or the release or
reduction of liability of any Guarantor or other guarantor or surety with respect to the Guaranteed Obligations; or 
 (h) any other circumstance (including, without limitation, any statute of limitations) or any existence of or reliance on any representation by the Administrative Agent or any other Lender Party that
might otherwise constitute a defense available to, or a discharge of, any Loan Party or any other guarantor or surety. 
 This Guaranty shall
continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is rescinded or must otherwise be returned by any Lender Party upon the insolvency, bankruptcy or reorganization of a
Borrower or any other Loan Party or otherwise, all as though such payment had not been made. 
 SECTION 7.03 Waivers and
Acknowledgments. (a) Each Guarantor hereby unconditionally and irrevocably waives promptness, diligence, notice of acceptance, presentment, demand 

  
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for performance, notice of nonperformance, default, acceleration, protest or dishonor and any other notice (except as expressly provided under the Loan Documents) with respect to any of the
Guaranteed Obligations and this Guaranty and any requirement that the Administrative Agent or any other Lender Party protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against any Loan
Party or any other Person. 
 (b) Each Guarantor hereby unconditionally and irrevocably waives any right to revoke this Guaranty
and acknowledges that this Guaranty is continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future. 
 (c) Each Guarantor hereby unconditionally and irrevocably waives (i) any defense arising by reason of any claim or defense based upon an election of remedies by the Administrative Agent or any other
Lender Party that in any manner impairs, reduces, releases or otherwise adversely affects the subrogation, reimbursement, exoneration, contribution or indemnification rights of such Guarantor or other rights of such Guarantor to proceed against any
of the other Loan Parties, any other guarantor or any other Person and (ii) any defense based on any right of set-off or counterclaim against or in respect of the Obligations of such Guarantor hereunder. 

(d) Each Guarantor acknowledges that the Administrative Agent may, without notice to or demand upon such Guarantor and without affecting
the liability of such Guarantor under this Guaranty, foreclose under any mortgage by nonjudicial sale, and each Guarantor hereby waives any defense to the recovery by the Administrative Agent and the other Lender Parties against such Guarantor of
any deficiency after such nonjudicial sale and any defense or benefits that may be afforded by applicable law. 
 (e) Each
Guarantor hereby unconditionally and irrevocably waives any duty on the part of the Administrative Agent or any other Lender Party to disclose to such Guarantor any matter, fact or thing relating to the business, condition (financial or otherwise),
operations, performance, properties or prospects of the Borrowers, any other Loan Party or any of their Subsidiaries now or hereafter known by the Administrative Agent or such other Lender Party. 

(f) Each Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements
contemplated by this Agreement and the other Loan Documents and that the waivers set forth in Section 7.02 and this Section 7.03 are knowingly made in contemplation of such benefits. 

SECTION 7.04 Subrogation. Each Guarantor hereby unconditionally and irrevocably agrees not to exercise any rights that it may
now have or hereafter acquire against the Borrowers, any other Loan Party or any other insider guarantor that arise from the existence, payment, performance or enforcement of such Guarantor’s Obligations under or in respect of this Guaranty,
this Agreement or any other Loan Document, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of any Lender Party against a
Borrower, any other Loan Party or any other insider guarantor, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from a Borrower, any
other Loan Party or any other insider guarantor, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right, unless and until all of the Guaranteed
Obligations and all other amounts payable under this Guaranty shall have been paid in full in cash, all Guaranteed Hedge Agreements shall have expired or been terminated and the Commitments shall have expired or been terminated. If any amount shall
be paid to any Guarantor in violation of the immediately preceding sentence at any time prior to the latest of (a) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty, (b) the
Termination Date and 

  
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(c) the latest date of expiration or termination of all Guaranteed Hedge Agreements, such amount shall be received and held in trust for the benefit of the Lender Parties, shall be segregated
from other property and funds of such Guarantor and shall forthwith be paid or delivered to the Administrative Agent in the same form as so received (with any necessary endorsement or assignment) to be credited and applied to the Guaranteed
Obligations and all other amounts payable under this Guaranty, whether matured or unmatured, in accordance with the terms of the Loan Documents. If (i) any Guarantor shall make payment to any Lender Party of all or any part of the Guaranteed
Obligations, (ii) all of the Guaranteed Obligations and all other amounts payable under this Guaranty shall have been paid in full in cash, (iii) the Termination Date shall have occurred and (iv) all Guaranteed Hedge Agreements shall
have expired or been terminated, the Administrative Agent and the other Lender Parties will, at such Guarantor’s request and expense, execute and deliver to such Guarantor appropriate documents, without recourse and without representation or
warranty, necessary to evidence the transfer by subrogation to such Guarantor of an interest in the Guaranteed Obligations resulting from such payment made by such Guarantor pursuant to this Guaranty. 

SECTION 7.05 Guaranty Supplements. Upon the execution and delivery by any Person of a Guaranty Supplement, (i) such
Person shall be referred to as an “Additional Guarantor” and shall become and be a Guarantor hereunder, and each reference in this Agreement to a “Guarantor” or a “Loan Party” shall also mean and be a
reference to such Additional Guarantor, and each reference in any other Loan Document to a “Guarantor” shall also mean and be a reference to such Additional Guarantor, and (ii) each reference herein to “this Agreement”,
“this Guaranty”, “hereunder”, “hereof” or words of like import referring to this Agreement and this Guaranty, and each reference in any other Loan Document to the “Loan Agreement”, “Guaranty”,
“thereunder”, “thereof” or words of like import referring to this Agreement and this Guaranty, shall mean and be a reference to this Agreement and this Guaranty as supplemented by such Guaranty Supplement. 

SECTION 7.06 Indemnification by Guarantors. (a) Without limitation on any other Obligations of any Guarantor or remedies
of the Administrative Agent or the Lender Parties under this Agreement, this Guaranty or the other Loan Documents, each Guarantor shall, to the fullest extent permitted by law, indemnify, defend and save and hold harmless the Administrative Agent,
the Coordinating Bank, each other Lender Party and each of their Affiliates and their respective officers, directors, employees, agents and advisors (each, an “Indemnified Party”) from and against, and shall pay on demand,
any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable fees and expenses of counsel) that may be incurred by or asserted or awarded against any Indemnified Party in connection with or as a result of
any failure of any Guaranteed Obligations to be the legal, valid and binding obligations of any Loan Party enforceable against such Loan Party in accordance with their terms. 
 (b) Each Guarantor hereby also agrees that none of the Indemnified Parties shall have any liability (whether direct or indirect, in contract, tort or otherwise) to any of the Guarantors or any of their
respective officers, directors, employees, agents and advisors, and each Guarantor hereby agrees not to assert any claim against any Indemnified Party on any theory of liability, for special, indirect, consequential or punitive damages arising out
of or otherwise relating to the Facilities, the actual or proposed use of the proceeds of the Advances, the Loan Documents or any of the transactions contemplated by the Loan Documents. 

SECTION 7.07 Subordination. (a) Each Guarantor hereby subordinates any and all debts, liabilities and other Obligations
owed to such Guarantor by each other Loan Party (the “Subordinated Obligations”) to the Guaranteed Obligations to the extent and in the manner hereinafter set forth in this Section 7.07. 

  
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 (b) Prohibited Payments, Etc. Except during the continuance of an Event of Default
(including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), each Guarantor may receive payments in the ordinary course of business from any other Loan Party on account of the
Subordinated Obligations. After the occurrence and during the continuance of an Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), however, unless the
Administrative Agent otherwise agrees, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations. 
 (c) Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to any other Loan Party, each Guarantor agrees that the Lender Parties shall be entitled to receive
payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post
Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations. 
 (d)
Turn-Over. After the occurrence and during the continuance of an Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), each Guarantor shall, if the
Administrative Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Lender Parties and deliver such payments to the Administrative Agent on account of the Guaranteed Obligations
(including all Post Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty.

 (e) Administrative Agent Authorization. After the occurrence and during the continuance of an Event of Default
(including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), the Administrative Agent is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the
name of each Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to
require each Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on such obligations to the Administrative Agent for application to the Guaranteed
Obligations (including any and all Post Petition Interest). 
 SECTION 7.08 Continuing Guaranty. This Guaranty is a
continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty, (ii) the Termination Date and
(iii) the latest date of expiration or termination of all Guaranteed Hedge Agreements, (b) be binding upon the Guarantors, their successors and assigns and (c) inure to the benefit of and be enforceable by the Administrative Agent and
the other Lender Parties and their successors, transferees and assigns. 
 SECTION 7.09 Guaranty Limitations. Any
guaranty provided by a Guarantor domiciled in an International Jurisdiction shall be subject to the following limitations: 

(a) Australia: The liability of any Guarantor incorporated under the Corporations Act 2001 (Commonwealth of Australia) under this
Article VII and under any indemnities contained elsewhere in this Agreement will not include any liability or obligation which would, if included, result in a contravention of s260A of the Corporations Act 2001 (Cth). Any such Guarantor shall
promptly take, and procure that its relevant holding companies take, all steps necessary under s260B of the Corporations 

  
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Act 2001 (Cth) so as to permit the inclusion of any liability or obligation excluded under the previous sentence. 
 (b) Canada: The liability of any Guarantor incorporated under the laws of Canada, other than Alberta or Ontario, thereof under this Article VII and under any indemnities contained elsewhere in this
Agreement shall not include any liability of any Loan Party which is a shareholder of the Guarantor or of an affiliated corporation or an associate of any such Person where there are reasonable grounds for believing: 

(i) that such Guarantor is or, after giving the financial assistance, would be unable to pay its liabilities as they
become due; or 
 (ii) that the realizable value of such Guarantor’s assets, excluding the amount of any
financial assistance in the form of a loan or in the form of assets pledged or encumbered to secure the Guaranty, after giving the financial assistance, would be less than the aggregate of such Guarantor’s liabilities and stated capital of all
classes. 
 (c) France: (i) The liability of any Guarantor incorporated under the laws of France (a
“French Guarantor”) under this Article VII and under any indemnities contained elsewhere in this Agreement shall not include any obligation or liability which, if incurred, would constitute the provision of financial
assistance within the meaning of Article L.255 216 of the French Code de Commerce or/and would constitute a misuse of corporate assets within the meaning of Article L.241 3 or L.242 6 of the French Code de Commerce or any other law or regulation
having the same effect, as interpreted by the French courts. 
 (ii) The Guaranteed Obligations of each French
Guarantor under this Article VII shall be limited at any time to an amount equal to the aggregate of all Advances to the extent directly or indirectly on-lent to such French Guarantor under an intercompany loan agreement (each a
“Qualified French Intercompany Loan”) and outstanding at the date a payment is made by such French Guarantor under this Article VII, it being specified that any payment made by such French Guarantor under this Article VII in
respect of the Guaranteed Obligations shall reduce pro tanto the outstanding amount of the applicable Intercompany Loan due by such French Guarantor. 
 (iii) It is acknowledged that such French Guarantor is not acting jointly and severally with the other Guarantors and shall not be considered as co-débiteur solidaire as to its obligations pursuant
to the guarantee given pursuant to this Article VIII . 
 (d) Ireland: The liability of each Guarantor incorporated under
the laws of Ireland under this Article VII and under any indemnities contained elsewhere in this Agreement shall not include any liability or obligation which would, if incurred, constitute the provision of unlawful financial assistance within the
meaning of section 60 of the Companies Act 1963 of Ireland (as amended). 
 (e) The Netherlands: No Guarantor
incorporated under the laws of The Netherlands or any Guarantor which is a direct or indirect Subsidiary of a company incorporated under the laws of the Netherlands shall have any liability pursuant to this Article VII to the extent that the same
would constitute unlawful financial assistance within the meaning of Section 2:207(c) or 2:98(c) of the Dutch Civil Code. 

(f) Singapore: The liability of each Guarantor incorporated under the laws of Singapore under this Article VII and under any
indemnities contained elsewhere in this Agreement shall 

  
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not include any liability which would if incurred constitute unlawful financial assistance pursuant to Section 76 of the Singapore Companies Act (Cap. 50). 

(g) Spain: The liability of each Guarantor incorporated under the laws of Spain under this Article VII and under any indemnities
contained elsewhere in this Agreement shall not include any obligations which would give rise to breach of the provisions of Spanish law relating to restrictions on the provision of financial assistance in connection with the acquisition of shares
in the relevant Spanish Loan Party and/or its controlling corporation (or, in the case of a Spanish Loan Party which is a Sociedad Limitada, of a group company in the same group as such Spanish obligor) as provided in Article 81 of the Spanish Stock
Companies Act, (Ley de Sociedades Anonimas) and Article 40.5 of the Spanish Limited Liability Partnerships Act, (Ley de Sociedades de Responsabilidad Limitada), as applicable. The obligations of each Guarantor incorporated under the laws of Spain
under this Article VII shall be capable of enforcement in accordance with applicable law against all present and future assets of such Guarantor save to the extent that applicable Spanish law specifies otherwise. 

(h) England and Wales: The liability under this Article VII and under any indemnities contained elsewhere in this Agreement of
each Guarantor which is a public limited company incorporated under the laws of England and Wales and each Guarantor that is a subsidiary of a public limited company incorporated under the laws of England and Wales shall not include any liability or
obligation which would, if incurred, constitute the provision of unlawful financial assistance within the meaning of sections 677 to 683 of the Companies Act 2006 of England and Wales; provided, however, that the foregoing limitation
shall not be applicable to any Guarantor incorporated under the laws of England and Wales that is not a public limited company or the subsidiary of a company that is a public limited company. 

ARTICLE VIII 
 THE ADMINISTRATIVE AGENT 
 SECTION 8.01 Authorization and
Action. Each Lender (in its capacities as a Lender and a Swing Line Bank (if applicable) and on behalf of itself and its Affiliates as potential Hedge Banks) hereby appoints and authorizes the Administrative Agent to take such action as agent on
its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms hereof and thereof, together with such powers and discretion as are reasonably
incidental thereto. As to any matters not expressly provided for by the Loan Documents (including, without limitation, enforcement or collection of the Advances), the Administrative Agent shall not be required to exercise any discretion or take any
action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders, and such instructions shall be binding upon all Lenders; provided,
however, that the Administrative Agent shall not be required to take any action that exposes it to personal liability or that is contrary to this Agreement or applicable law. The Administrative Agent agrees to give to each Lender prompt notice
of each notice given to it by each Borrower pursuant to the terms of this Agreement. Notwithstanding anything to the contrary in any Loan Document, no Person identified as a syndication agent, documentation agent, senior manager, coordinating bank,
arranger or joint book running manager, in such Person’s capacity as such, shall have any obligations or duties to any Loan Party, the Administrative Agent or any other Lender Party under any of such Loan Documents. Each initial Lender hereby
authorizes the Administrative Agent to execute and deliver the Post-Closing Letter Agreement on behalf of such Lender. 

SECTION 8.02 Administrative Agent’s Reliance, Etc. Neither the Administrative Agent nor any of its directors, officers,
agents or employees shall be liable for any action taken or omitted to be taken by it or them under or in connection with the Loan Documents, except for its or their own 

  
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gross negligence or willful misconduct. Without limitation of the generality of the foregoing, the Administrative Agent: (a) in the case of the Administrative Agent, may treat each Lender
and its applicable interest in each Advance described in the Register as conclusive until the Administrative Agent receives and accepts an Assumption Agreement entered into by an Assuming Lender as provided in Section 2.16 or Section 2.18,
a Transfer Certificate entered into by the Lender, as assignor, and an Eligible Assignee, as assignee, or, in the case of any other Agent, such Agent has received notice from the Administrative Agent that it has received and accepted such Assumption
Agreement or Transfer Certificate, as the case may be, in each case as provided in Section 9.07; (b) may consult with legal counsel (including counsel for any Loan Party), independent public accountants and other experts selected by it and
shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts; (c) makes no warranty or representation to any Lender and shall not be responsible to any
Lender for any statements, warranties or representations (whether written or oral) made in or in connection with the Loan Documents; (d) shall not have any duty to ascertain or to inquire as to the performance, observance or satisfaction of any
of the terms, covenants or conditions of any Loan Document on the part of any Loan Party or the existence at any time of any Default under the Loan Documents or to inspect the property (including the books and records) of any Loan Party;
(e) shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of, or the perfection or priority of any lien or security interest created or purported to be created under
or in connection with, any Loan Document or any other instrument or document furnished pursuant thereto; (f) shall incur no liability under or in respect of any Loan Document by acting upon any notice, consent, certificate or other instrument
or writing (which may be by telegram, telecopy or telex or other electronic communication) believed by it to be genuine and signed or sent by the proper party or parties; (g) shall not be required to take any action that, in its opinion or the
opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt, any action that may be in violation of the automatic stay under any Bankruptcy
Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Bankruptcy Law; and (h) may act in relation to the Loan Documents through its officers, agents and employees. The
Administrative Agent shall not be responsible for the acts or omissions of its delegates or agents or for supervising them; provided, however, that nothing in this sentence shall absolve the Administrative Agent for any liability found
in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from the Administrative Agent’s gross negligence or willful misconduct. 
 SECTION 8.03 CIL and Affiliates. With respect to its Commitments and the Advances made by it, CIL shall have the same rights and powers under the Loan Documents as any other Lender and may
exercise the same as though it were not the Administrative Agent; and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated, include CIL in its individual capacity. CIL and its Affiliates may accept deposits
from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, any Loan Party, any Subsidiary of any Loan Party and any Person that may do business with or own
securities of any Loan Party or any such Subsidiary, all as if CIL were not the Administrative Agent and without any duty to account therefor to the Lenders. 
 SECTION 8.04 Lender Credit Decision. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on the financial
statements referred to in Section 4.01 and such other documents and information 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 Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement.

  
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 SECTION 8.05 Indemnification by Lenders. (a) Each Lender severally agrees
to indemnify the Agents (to the extent not promptly reimbursed by the Borrowers) from and against such Lender’s ratable share (determined as provided below) of any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against the Agents in any way relating to or arising out of the Loan Documents or any action taken or omitted by the
Agents under the Loan Documents (collectively, the “Indemnified Costs”); provided, however, that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements resulting from either Agent’s gross negligence or willful misconduct as found in a final, non-appealable judgment by a court of competent jurisdiction. Without limitation of the foregoing, each
Lender agrees to reimburse the Agents promptly upon demand for its ratable share of any costs and expenses (including, without limitation, fees and expenses of counsel) payable by the Borrowers under Section 9.04, to the extent that the Agents
are not promptly reimbursed for such costs and expenses by the Borrowers. In the case of any investigation, litigation or proceeding giving rise to any Indemnified Costs, this Section 8.05 applies whether any such investigation, litigation or
proceeding is brought by any Lender or any other Person. 
 (b) For purposes of this Section 8.05, the Lenders’
respective ratable shares of any amount shall be determined, at any time, according to their respective Revolving Credit Commitments at such time. The failure of any Lender to reimburse the Agents promptly upon demand for its ratable share of any
amount required to be paid by the Lenders to the Agents as provided herein shall not relieve any other Lender of its obligation hereunder to reimburse the Agents for its ratable share of such amount, but no Lender shall be responsible for the
failure of any other Lender to reimburse the Agents for such other Lender’s ratable share of such amount. Without prejudice to the survival of any other agreement of any Lender hereunder, the agreement and obligations of each Lender contained
in this Section 8.05 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the other Loan Documents. Australian Dollar Revolving Credit Commitment will be converted by the Administrative
Agent on a notional basis into the Equivalent amount of Singapore Dollars solely for the purposes of making any allocations required under this Section 8.05(b). 
 SECTION 8.06 Successor Administrative Agents. The Administrative Agent may resign at any time by giving 30 days’ prior written notice thereof to the Lenders and the Borrowers and may be
removed at any time with or without cause by the Required Lenders. Upon any such resignation or removal, the Required Lenders shall have the right to appoint a successor Agent, which appointment shall, provided that no Default has occurred and is
continuing, be subject to the consent of the Operating Partnership, such consent not to be unreasonably withheld or delayed. If no successor Agent shall have been so appointed by the Required Lenders, and shall have accepted such appointment, within
30 days after the retiring Agent’s giving of notice of resignation or the Required Lenders’ removal of the retiring Agent, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent, which shall be (x) a
commercial bank organized under the laws of the United States or of any State thereof and having a combined capital and surplus of at least U.S.$250,000,000 or (y) one of the existing Lenders, provided that such Lender has a combined
capital and surplus of at least U.S.$250,000,000. Upon the acceptance of any appointment as an Agent hereunder by a successor Agent, such successor Agent shall succeed to and become vested with all the rights, powers, discretion, privileges and
duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under the Loan Documents. If within 45 days after written notice is given of the retiring Agent’s resignation or removal under this
Section 8.06 no successor Agent shall have been appointed and shall have accepted such appointment, then on such 45th day (i) the retiring Agent’s resignation or removal shall become effective, (ii) the retiring Agent shall
thereupon be discharged from its duties and obligations under the Loan Documents and (iii) the Required Lenders shall thereafter perform all duties of the retiring Agent under the Loan Documents until such time, if any, as the Required Lenders
appoint a successor Agent as provided above. 

  
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After any retiring Agent’s resignation or removal hereunder as an Agent shall have become effective, the provisions of this Article VIII shall inure to its benefit as to any actions taken or
omitted to be taken by it while it was an Agent under this Agreement. 
 ARTICLE IX 

MISCELLANEOUS 
 SECTION 9.01 Amendments, Etc. (a) No amendment or waiver of any provision of this Agreement or any other Loan Document, nor consent to any departure by any Loan Party therefrom, shall in
any event be effective unless the same shall be in writing and signed by the Required Lenders, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however,
that no amendment, waiver or consent shall, unless in writing and signed by all of the Lenders, do any of the following at any time: (i) change the number of Lenders or the percentage of (x) the Commitments or (y) the aggregate unpaid
principal amount of the Advances that, in each case, shall be required for the Lenders or any of them to take any action hereunder, (ii) release any Borrower with respect to the Obligations or reduce or limit the obligations of any Guarantor
under Article VII or release such Guarantor or otherwise limit such Guarantor’s liability with respect to the Guaranteed Obligations (except as otherwise permitted under the Loan Documents), (iii) amend this Section 9.01,
(iv) increase the Commitments of the Lenders or subject the Lenders to any additional obligations (except, in each case, to the extent contemplated in Section 2.16 or 2.18), (v) reduce the principal of, or interest on, the Advances
(except to the extent of any reduction resulting from a Reallocation effected pursuant to Section 2.18), or any fees or other amounts payable hereunder, (vi) postpone any date fixed for any payment of principal of, or interest on, the
Advances or any fees or other amounts payable hereunder or (vii) extend the Termination Date; provided further that no amendment, waiver or consent shall, unless in writing and signed by (A) the Administrative Agent in addition to
the Lenders required above to take such action, affect the rights or duties of the Administrative Agent under this Agreement or the other Loan Documents and (B) each Swing Line Bank in addition to the Lenders required above to take such action,
affect the rights or obligations of the Swing Line Bank under this Agreement or the other Loan Documents. 
 (b) In the event
that any Lender (a “Non-Consenting Lender”) shall refuse to consent to a waiver or amendment to, or a departure from, the provisions of this Agreement which requires the consent of all Lenders and that has been consented to
by the Required Lenders, then the Borrowers shall have the right, upon written demand to such Non-Consenting Lender and the Administrative Agent given within 30 days after the first date on which such consent was solicited in writing from the
Lenders by the Administrative Agent (a “Consent Request Date”), to cause such Non-Consenting Lender to assign its rights and obligations under this Agreement (including, without limitation, its Commitment or Commitments, the
Advances owing to it) to an Eligible Assignee designated by the Operating Partnership and approved by the Administrative Agent (such approval not to be unreasonably withheld) (a “Replacement Lender”), provided that
(i) as of such Consent Request Date, no Default or Event of Default shall have occurred and be continuing, and (ii) as of the date of the Borrowers’ written demand to replace such Non-Consenting Lender, no Default or Event of Default
shall have occurred and be continuing other than a Default or Event of Default that resulted solely from the subject matter of the waiver or amendment for which such consent was being solicited from the Lenders by the Administrative Agent. The
Replacement Lender shall purchase such interests of the Non-Consenting Lender at par and shall assume the rights and obligations of the Non-Consenting Lender under this Agreement upon execution by the Replacement Lender of a Transfer Certificate
delivered pursuant to Section 9.07, however the Non-Consenting Lender shall be entitled to indemnification as otherwise provided in this Agreement with respect to any events occurring prior to such assignment. Any Lender that becomes a
Non-Consenting Lender agrees that, upon receipt of notice from the Borrowers given in accordance with this Section 9.01(b) it shall promptly execute and deliver a Transfer Certificate with a Replacement

  
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Lender as contemplated by this Section. The execution and delivery of any such Transfer Certificate shall not be deemed to comprise a waiver of claims against any Non-Consenting Lender by the
Borrowers or the Administrative Agent or a waiver of any claims against the Borrowers or the Administrative Agent by the Non-Consenting Lender. 
 (c) Anything herein to the contrary notwithstanding, during such period as a Lender is a Defaulting Lender, to the fullest extent permitted by applicable law, such Lender will not be entitled to vote in
respect of amendments and waivers hereunder and the Commitment and the outstanding Advances such Lender hereunder will not be taken into account in determining whether the Requisite Lenders or all of the Lenders, as required, have approved any such
amendment or waiver (and the definition of “Required Lenders” will automatically be deemed modified accordingly for the duration of such period); provided, however that any such amendment or waiver that would increase or extend the
term of the Commitment of such Defaulting Lender, extend the date fixed for the payment of principal or interest owing to such Defaulting Lender hereunder, reduce the principal amount of any obligation owing to such Defaulting Lender, reduce the
amount of or the rate or amount of interest on any amount owing to such Defaulting Lender or of any fee payable to such Defaulting Lender hereunder, or alter the terms of this proviso, will require the consent of such Defaulting Lender. 

SECTION 9.02 Notices, Etc. (a) Except as otherwise provided herein, all notices and other communications provided for
hereunder shall be either (x) in writing (including telecopier or telegraphic communication) and mailed, telecopied, telegraphed or delivered, (y) as and to the extent set forth in Section 9.02(b) and in the proviso to this
Section 9.02(a), in an electronic medium and delivered as set forth in Section 9.02(b) or (z) as and to the extent expressly permitted in this Agreement, transmitted by e-mail, provided that such e-mail shall in all cases
include an attachment (in PDF format or similar format) containing a legible signature of the person providing such notice, if to the Borrowers, in care of the Operating Partnership at 560 Mission Street, Suite 2900, San Francisco, CA 94105,
Attention: Wendy Will (and in the case of transmission by e-mail, with a copy by e-mail to wwill@digitalrealtytrust.com) and a courtesy copy by regular mail to the attention of Glen B. Collyer at Latham & Watkins LLP, 355 South Grand
Avenue, Los Angeles, CA 90071-1560; if to any Initial Lender, at its Applicable Lending Office or, if applicable, at the e-mail address specified opposite its name on Schedule I hereto (and in the case of a transmission by e-mail, with a copy by
regular mail to its Applicable Lending Office); if to any other Lender, at its Applicable Lending Office or, if applicable, at the e-mail address specified in the Transfer Certificate pursuant to which it became a Lender (and in the case of a
transmission by e-mail, with a copy by regular mail to its Applicable Lending Office); if to the Administrative Agent, at its address at 9th Floor, Two Harbourfront, 22 Tak Fung Street, Hung Hom, Kowloon, Hong Kong, Attention: Regional Loans Agency,
or, if applicable, by e-mail to eros.lai@citi.com and michelle.chong@citi.com (and, in the case of each Notice of Borrowing relating to an Advance in Australian Dollars, to au.loanoperations@citi.com, oliver.brown@citi.com and phil.bygrave@citi.com)
(and in the case of a transmission by e-mail, with a copy by regular mail to the aforementioned address); if to the Swing Line Bank for the Singapore Swing Line Facility, at its address at 3 Temasek Avenue, Centennial Tower, Floor 16, Singapore
039190, Attention: Arvind Agarwal, or, if applicable, by e-mail to arvind.agarwal@citi.com (and, in the case of each Notice of Borrowing relating to the Singapore Swing Line Facility, to sg.gsg.rateam@citi.com, arvind.agarwal@citi.com,
cheeyuen.lye@citi.com, davis.mok@citi.com, azraff.rosezulkifly@citi.com and rimpal.pravin@citi.com) (and in the case of a transmission by e-mail, with a copy by regular mail to the aforementioned address); and if to the Swing Line Bank for the
Australian Swing Line Facility, at its address at Level 23, 2 Park Street, Sydney N.S.W. 2000, Attention: Oliver Brown and Phil Bygrave, or, if applicable, by e-mail to oliver.brown@citi.com and phil.bygrave@citi.com (and, in the case of each Notice
of Borrowing relating to the Australian Swing Line Facility, to au.loanoperations@citi.com, oliver.brown@citi.com, phil.bygrave@citi.com and craig.guyan@citi.com) (and in the case of a transmission by e-mail, with a copy by regular mail to the
aforementioned address) or, as to the Borrowers or the Administrative Agent, 

  
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at such other address as shall be designated by such party in a written notice to the other parties and, as to each other party, at such other address as shall be designated by such party in a
written notice to the Borrowers and the Administrative Agent. All such notices and communications shall, when mailed, be effective on the third (3rd) Business Day after being deposited in the mails, and, when telecopied, telegraphed or e-mailed, be effective on
the date of being telecopied, delivered to the telegraph company or confirmed by e-mail, respectively, except that notices and communications to the Administrative Agent pursuant to Article II, III or VIII shall not be effective until received by
the Administrative Agent. Delivery by telecopier of an executed counterpart of any amendment or waiver of any provision of this Agreement or of any Exhibit hereto to be executed and delivered hereunder shall be effective as delivery of an original
executed counterpart thereof. 
 (b) So long as CIL is the Administrative Agent, materials required to be delivered pursuant to
Section 5.03(a), (b), (c) and (g) shall be delivered to the Administrative Agent in an electronic medium in a format acceptable to the Administrative Agent and the Lenders by e-mail at eros.lai@citi.com and michelle.chong@citi.com.
The Borrowers agree that the Administrative Agent may make such materials, as well as any other written information, documents, instruments and other material relating to the Borrowers, any Loan Party, any of their Subsidiaries or any other
materials or matters relating to this Agreement, the other Loan Documents or any of the transactions contemplated hereby or thereby (collectively, the “Communications”) available to the Lenders by posting such notices on
Intralinks or a substantially similar electronic transmission system (the “Platform”). The Borrowers acknowledge that (i) the distribution of material through an electronic medium is not necessarily secure and that there
are confidentiality and other risks associated with such distribution, (ii) the Platform is provided “as is” and “as available” and (iii) neither the Administrative Agent nor any of its Affiliates warrants the accuracy,
adequacy or completeness of the Communications or the Platform and each expressly disclaims liability for errors or omissions in the Communications or the Platform. No warranty of any kind, express, implied or statutory, including, without
limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects, is made by the Administrative Agent or any of its Affiliates in connection with the
Platform. 
 (c) Each Lender agrees that notice to it (as provided in the next sentence) (a “Notice”)
specifying that any Communications have been posted to the Platform shall constitute effective delivery of such information, documents or other materials to such Lender for purposes of this Agreement, provided that if requested by any Lender,
the Administrative Agent shall deliver a copy of the Communications to such Lender by e-mail or telecopier. Each Lender agrees (i) to notify the Administrative Agent in writing of such Lender’s e-mail address to which a Notice may be sent
by electronic transmission (including by electronic communication) on or before the date such Lender becomes a party to this Agreement (and from time to time thereafter to ensure that the Administrative Agent has on record an effective e-mail
address for such Lender) and (ii) that any Notice may be sent to such e-mail address. 
 SECTION 9.03 No Waiver;
Remedies. No failure on the part of any Lender or the Administrative Agent to exercise, and no delay in exercising, any right hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise
of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

SECTION 9.04 Costs and Expenses. (a) Each Loan Party agrees jointly and severally to pay on demand (i) all
reasonable out-of-pocket costs and expenses of the Agents in connection with the preparation, execution, delivery, administration, modification and amendment of the Loan Documents (including, without limitation, (A) all due diligence,
collateral review, syndication, transportation, computer, duplication, appraisal, audit, insurance, consultant, search, filing and recording 

  
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fees and expenses, (B) the reasonable fees and expenses of counsel for the Agents with respect thereto (subject to the terms of the Fee Letter with respect to counsel fees incurred by the
Administrative Agent through the Closing Date) with respect to advising the Agents as to its rights and responsibilities (including, without limitation, with respect to reviewing and advising on any matters required to be completed by the Loan
Parties on a post-closing basis), or the perfection, protection or preservation of rights or interests, under the Loan Documents, with respect to negotiations with any Loan Party or with other creditors of any Loan Party or any of its Subsidiaries
arising out of any Default or any events or circumstances that may give rise to a Default and with respect to presenting claims in or otherwise participating in or monitoring any bankruptcy, insolvency or other similar proceeding involving
creditors’ rights generally and any proceeding ancillary thereto and (C) the reasonable fees and expenses of counsel for the Agents with respect to the preparation, execution, delivery and review of any documents and instruments at any
time delivered pursuant to Section 5.01(j)) and (ii) all reasonable out-of-pocket costs and expenses of the Agents and each Lender in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of the
Loan Documents, whether in any action, suit or litigation, or any bankruptcy, insolvency or other similar proceeding affecting creditors’ rights generally (including, without limitation, the reasonable fees and expenses of counsel for each
Agent and each Lender with respect thereto). 
 (b) Each Loan Party agrees to indemnify, defend and save and hold harmless each
Indemnified Party from and against, and shall pay on demand, any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable fees and expenses of counsel) that may be incurred by or asserted or awarded
against any Indemnified Party, in each case arising out of or in connection with or by reason of (including, without limitation, in connection with any investigation, litigation or proceeding or preparation of a defense in connection therewith)
(i) the Facilities, the actual or proposed use of the proceeds of the Advances, the Loan Documents or any of the transactions contemplated thereby or (ii) the actual or alleged presence of Hazardous Materials on any property of any Loan
Party or any of its Subsidiaries or any Environmental Action relating in any way to any Loan Party or any of its Subsidiaries, except to the extent such claim, damage, loss, liability or expense is found in a final, non-appealable judgment by a
court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful misconduct. In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 9.04(b) applies,
such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, shareholders or creditors or an Indemnified Party, whether or not any Indemnified Party is otherwise a party
thereto and whether or not the transactions contemplated by the Loan Documents are consummated. Each Loan Party also agrees not to assert any claim against the Administrative Agent, any Lender or any of their Affiliates, or any of their respective
officers, directors, employees, agents and advisors, on any theory of liability, for special, indirect, consequential or punitive damages arising out of or otherwise relating to the Facilities, the actual or proposed use of the proceeds of the
Advances, the Loan Documents or any of the transactions contemplated by the Loan Documents. 
 (c) If any payment of principal
of any Advance is made by a Borrower to or for the account of a Lender other than on the last day of the Interest Period for such Advance, as a result of a payment pursuant to Section 2.05, 2.09(c), 2.16(e), 2.16(f) or 2.18(d), acceleration of
the maturity of the Advances pursuant to Section 6.01 or for any other reason, or if a Borrower fails to make any payment or prepayment of an Advance for which a notice of prepayment has been given or that is otherwise required to be made,
whether pursuant to Section 2.03, 2.04 or 6.01 or otherwise, such Borrower shall, upon demand by such Lender (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Lender any amounts
required to compensate such Lender for any additional losses, costs or expenses that it may reasonably incur as a result of such payment or such failure to pay or prepay, as the case may be, including, without limitation, any loss, cost or expense

  
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incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or maintain such Advance. 

(d) If any Loan Party fails to pay when due any costs, expenses or other amounts payable by it under any Loan Document, including,
without limitation, fees and expenses of counsel and indemnities, such amount may be paid on behalf of such Loan Party by the Administrative Agent or any Lender, in its sole discretion. 

(e) Without prejudice to the survival of any other agreement of any Loan Party hereunder or under any other Loan Document, the agreements
and obligations of the Borrowers and the other Loan Parties contained in Sections 2.09 and 2.11, Section 7.06 and this Section 9.04 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under
any of the other Loan Documents. 
 SECTION 9.05 Right of Set-off. Upon (a) the occurrence and during the
continuance of any Event of Default and (b) the making of the request or the granting of the consent specified by Section 6.01 to authorize the Administrative Agent to declare the Advances due and payable pursuant to the provisions of
Section 6.01, the Administrative Agent and each Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and otherwise apply any and all deposits
(general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Agent, such Lender or such Affiliate to or for the credit or the account of the Borrowers or any other Loan Party against
any and all of the Obligations of the Borrowers or such Loan Party now or hereafter existing under the Loan Documents, irrespective of whether such Agent or such Lender shall have made any demand under this Agreement or any other Loan Document and
although such obligations may be unmatured. The Administrative Agent and each Lender agrees promptly to notify the Borrowers or such Loan Party after any such set-off and application; provided, however, that the failure to give such notice
shall not affect the validity of such set-off and application. The rights of the Administrative Agent and each Lender and their respective Affiliates under this Section 9.05 are in addition to other rights and remedies (including, without
limitation, other rights of set-off) that such Agent, such Lender and their respective Affiliates may have. If any Defaulting Lender exercises any such right of setoff, (x) all amounts so set off will be paid over immediately to the
Administrative Agent for further application in accordance with the provisions of Section 2.17 and, pending such payment, will be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the
Administrative Agent and the other Lenders and (y) the Defaulting Lender will provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such
right of setoff. 
 SECTION 9.06 Binding Effect. This Agreement shall become effective when it shall have been
executed by the Borrowers, each Guarantor named on the signature pages hereto and the Administrative Agent shall have been notified by each Initial Lender that such Initial Lender has executed it and thereafter shall be binding upon and inure to the
benefit of the Borrowers, the Guarantors named on the signature pages hereto and the Administrative Agent and each Lender and their respective successors and assigns, except that neither the Borrowers nor any other Loan Party shall have the right to
assign its rights hereunder or any interest herein without the prior written consent of the Lenders. 
 SECTION 9.07
Assignments and Participations. (a) Each Lender may (and, if demanded by the Borrowers in accordance with Section 9.01(b) will) assign to one or more Eligible Assignees all or a portion of its rights and obligations under this
Agreement (including, without limitation, all or a portion of its Commitment or Commitments and the Advances owing to it); provided, however, that (i) each such assignment shall be of a uniform, and not a varying, percentage of all
rights 

  
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and obligations under and in respect of one or more of the Facilities (and any assignment of (A) an Australian Dollar Revolving Credit Commitment (or Australian Dollar Revolving Credit
Advance) must be made to an Eligible Assignee that is capable of lending in Australian Dollars and (B) a Singapore Dollar Revolving Credit Commitment (or Singapore Dollar Revolving Credit Advance) must be made to an Eligible Assignee that is
capable of lending in Singapore Dollars and Hong Kong Dollars, (ii) except in the case of an assignment to a Person that, immediately prior to such assignment, was a Lender, an Affiliate of any Lender or a Fund Affiliate of any Lender or an
assignment of all of a Lender’s rights and obligations under this Agreement, the aggregate amount of the Commitments being assigned to such Eligible Assignee pursuant to such assignment (determined as of the Transfer Date with respect to such
assignment) shall in no event be less than S$5,000,000 under each Facility or an integral multiple of S$1,000,000 in excess thereof (or such lesser amount as shall be approved by the Administrative Agent and, so long as no Event of Default shall
have occurred and be continuing at the time of effectiveness of such assignment, the Operating Partnership), (iii) each such assignment shall be to an Eligible Assignee, (iv) no such assignments shall be permitted (A) until the
Administrative Agent shall have notified the Lenders that syndication of the Commitments hereunder has been completed, without the consent of the Administrative Agent, and (B) at any other time without the consent of the Administrative Agent
(which consent shall not be unreasonably withheld), (v) each such assignment made as a result of a demand by the Borrowers pursuant to Section 9.01(b) shall be an assignment of all rights and obligations of the assigning Lender under this
Agreement and (vi) the parties to each such assignment shall execute and deliver to the Administrative Agent, for its acceptance and recording in the Register, a Transfer Certificate and, except if such assignment is being made by a Lender to
an Affiliate or Fund Affiliate of such Lender, a processing and recordation fee of S$4,000; provided, however, that for each such assignment made as a result of a demand by the Borrowers pursuant to Section 9.01(b), the Borrowers shall
pay to the Administrative Agent the applicable processing and recordation fee. Notwithstanding the foregoing, no such assignment will be made by any Lender to any Defaulting Lender or Potential Defaulting Lender or any of their respective
Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this sentence. 
 (b) Upon such execution, delivery, acceptance and recording, from and after the Transfer Date, (i) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations
hereunder have been assigned to it pursuant to such Transfer Certificate, have the rights and obligations of a Lender hereunder and (ii) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder have been
assigned by it pursuant to such Transfer Certificate, relinquish its rights (other than its rights under Sections 2.09, 2.11, 7.06, 8.05 and 9.04 to the extent any claim thereunder relates to an event arising prior to such assignment) and be
released from its obligations under this Agreement (and, in the case of a Transfer Certificate covering all of the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party
hereto). Each party to this Agreement, other than the assignor Lender and the Operating Partnership (to the extent that the Operating Partnership’s consent is required pursuant to the terms of this Agreement), irrevocably authorizes the
Administrative Agent to execute any Transfer Certificate on its behalf. 
 (c) By executing and delivering a Transfer
Certificate, each Lender assignor thereunder and each assignee thereunder confirm to and agree with each other and the other parties thereto and hereto as follows: (i) except as otherwise agreed to in writing by the assigning Lender, such
assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with any Loan Document or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of, or the perfection or priority of any lien or security interest created or purported to be created under or in connection with, any Loan Document or any other instrument or document furnished pursuant thereto;
(ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Loan Party or the performance or observance by any Loan Party of any of its obligations

  
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under any Loan Document or any other instrument or document furnished pursuant thereto; (iii) such assignee confirms that it has received a copy of this Agreement, together with copies of
the financial statements referred to in Section 4.01 and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Transfer Certificate; (iv) such assignee will,
independently and without reliance upon the Administrative Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or
not taking action under this Agreement; (v) such assignee confirms that it is an Eligible Assignee; (vi) such assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers
and discretion under the Loan Documents as are delegated to the Administrative Agent by the terms hereof and thereof, together with such powers and discretion as are reasonably incidental thereto; and (vii) such assignee agrees that it will
perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as a Lender. 
 (d) The Administrative Agent on behalf of the Borrowers shall maintain at its address referred to in Section 9.02 a copy of each Transfer Certificate delivered to and accepted by it and a register
for the recordation of the names and addresses of the Lenders and the Commitment under each Facility of, and principal amount of the Advances owing under each Facility to, each Lender from time to time (the “Register”). The
entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrowers, the Administrative 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 or the Administrative Agent or any Lender at any reasonable time and from time to time upon reasonable prior notice. 

(e) Upon its receipt of a Transfer Certificate executed by an assigning Lender, the Administrative Agent shall, if such Transfer
Certificate has been completed and is in substantially the form of Exhibit D hereto, (i) accept such Transfer Certificate, (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to the
Borrowers and each other Agent. 
 (f) In connection with any assignment of rights and obligations of any Defaulting Lender
hereunder, no such assignment will be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment make such additional payments to the Administrative Agent in an aggregate amount
sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrowers and the
Administrative Agent, the applicable pro rata share of Advances 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 Administrative Agent and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full Singapore Dollar Revolving Credit Pro Rata
Share or Australian Dollar Revolving Credit Pro Rata Share, as applicable, of all Advances in the applicable Facility. Notwithstanding the foregoing, if any assignment of rights and obligations of any Defaulting Lender hereunder becomes effective
under applicable law without compliance with the provisions of this Section 9.07(f), then the assignee of such interest will be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

(g) Each Lender may sell participations to one or more Persons (other than any Loan Party or any of its Affiliates) in or to all or a
portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitments and the Advances owing to it); provided, however, that (i) such Lender’s obligations under this Agreement
(including, without limitation, its Commitments) shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) the Borrowers, the Administrative Agent
and 

  
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the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement, (iv) no participant under any
such participation shall have any right to approve any amendment or waiver of any provision of any Loan Document, or any consent to any departure by any Loan Party therefrom, except to the extent that such amendment, waiver or consent would reduce
the principal of, or interest on, the Advances or any fees or other amounts payable hereunder, in each case to the extent subject to such participation, or postpone any date fixed for any payment of principal of, or interest on, the Advances or any
fees or other amounts payable hereunder, in each case to the extent subject to such participation, and (v) if, at the time of such sale, such Lender was entitled to payments under Section 2.11 in respect of withholding tax with respect to
interest paid at such date, then, to such extent, the term Tax shall include (in addition to withholding taxes that may be imposed in the future or other amounts otherwise includable in Tax) withholding tax, if any, applicable with respect to such
participant on such date, provided that such participant complies with the requirements of Section 2.11 as if it were a Lender. 
 (h) Any Lender may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 9.07, disclose to the assignee or participant or proposed
assignee or participant any information relating to the Borrowers furnished to such Lender by or on behalf of the Borrowers; provided, however, that, prior to any such disclosure, the assignee or participant or proposed assignee or
participant shall agree to preserve the confidentiality of any Confidential Information received by it from such Lender. 
 (i)
(i) If a Lender changes its name it shall, at its own costs and within seven (7) Business Days from the date of the name change, provide and deliver to the Administrative Agent an original or certified true copy of a legal opinion issued by the
legal advisers to such Lender in the jurisdiction where such Lender is incorporated, addressed to the Administrative Agent (in form and substance satisfactory to the Administrative Agent): (A) identifying the Lender which has changed its name,
its new name, the date from which the change has taken effect; and (B) confirming that the Lender’s obligations under the Loan Documents remain legal, valid, binding and enforceable obligations even after the change of name. 

(ii) If a Lender is involved in a corporate reorganization or reconstruction, it shall at its own costs and within seven
(7) Business Days from the effective date of such corporate reorganization or reconstruction, provide and deliver to the Administrative Agent: (A) an original or certified true copy of a legal opinion issued by the legal advisers to such
Lender in each of the jurisdictions where such Lender is incorporated and where the Lender’s lending office is located; (B) an original or certified true copy of a legal opinion issued by the legal advisers to such Lender in each of those
jurisdictions governing the Loan Documents; and (C) confirming that such Lender’s obligations under the Loan Documents remain legal, valid and binding obligations enforceable as against the surviving entity after the corporate
reorganization or reconstruction. 
 (iii) If a Lender fails to provide and deliver to the Administrative Agent
any of the legal opinions referred to in clauses (i) and (ii) above, it shall upon the request of the Administrative Agent, sign and deliver to the Administrative Agent a Transfer Certificate, transferring all its rights and obligations
under the Loan Documents to the new entity. 
 (j) Notwithstanding any other provision set forth in this Agreement, any Lender
may at any time create a security interest in all or any portion of its rights under this Agreement (including, without limitation, the Advances owing to it), including in favor of any Federal Reserve Bank in accordance with Regulation A of the
Board of Governors of the Federal Reserve System. 

  
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 SECTION 9.08 Execution in Counterparts. This Agreement may be executed in any
number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed
counterpart of a signature page to this Agreement by telecopier shall be effective as delivery of an original executed counterpart of this Agreement. 
 SECTION 9.09 Confidentiality. Neither the Administrative Agent nor any Lender shall disclose any Confidential Information to any Person without the consent of the Borrower to which such
Confidential Information relates, other than (a) to such Administrative Agent’s or such Lender’s Affiliates, head office, branches and representative offices, and their officers, directors, employees, agents and advisors and to actual
or prospective Eligible Assignees and participants, and then only on a confidential basis, (b) as required by any law, rule or regulation or judicial process, (c) as requested or required by any state, Federal or foreign authority or
examiner regulating such Lender, (d) to any rating agency when required by it, provided that, prior to any such disclosure, such rating agency shall undertake to preserve the confidentiality of any Confidential Information relating to
the Loan Parties received by it from such Lender, and (e) to any service provider of the Administrative Agent or such Lender, provided that the Persons to whom such disclosure is made pursuant to this clause (e) will be informed of
the confidential nature of such Confidential Information and shall have agreed in writing to keep such Confidential Information confidential. Notwithstanding any other provision in this agreement or any other document, the parties hereby agree that
each party (and each employee, representative, or other agent of each party) may each disclose to any and all Persons, without limitation of any kind, the United States tax treatment and United States tax structure of the transaction and all
materials of any kind (including opinions or other tax analyses) that are provided to each party relating to such United States tax treatment and United States tax structure. 
 SECTION 9.10 Anti-Money Laundering Notification. Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Loan Parties that pursuant to the
requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) and other anti-money laundering and anti-terrorism laws and regulations, it is required to obtain,
verify and record information that identifies each Loan Party, which information includes the name and address of such Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Loan
Party in accordance with the Patriot Act and such other laws and regulations. The REIT, the Operating Partnership and the Borrowers shall, and shall cause each of their Subsidiaries to, provide, to the extent commercially reasonable, such
information and take such actions as are reasonably requested by the Administrative Agent or any Lenders in order to assist the Administrative Agent and the Lenders in maintaining compliance with the Patriot Act and such other laws and regulations.

 SECTION 9.11 Jurisdiction, Etc. (a) Each of the parties hereto hereby irrevocably and unconditionally submits,
for itself and its property, to the nonexclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in New York County, and any appellate court from any thereof, in any action or proceeding arising out
of or relating to this Agreement or any of the other Loan Documents to which it is a party, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of
any such action or proceeding may be heard and determined in any such New York State court or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any party may otherwise have to bring any action or proceeding relating to
this Agreement or any of the other Loan Documents in the courts of any jurisdiction. 

  
 102

 (b) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent
it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any of the other Loan Documents to which it is a party in
any New York State or Federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c) Without prejudice to any other mode of service allowed under any applicable law, each Loan Party: (i) irrevocably appoints the
Initial Process Agent (as defined below) as its agent for service of process in relation to any proceedings before the courts described in Section 9.11(a) in connection with the Loan Documents and (ii) agrees that failure by any Process
Agent (as defined below) to notify any Loan Party of the process will not invalidate the proceedings concerned. If any Person appointed as a Process Agent is unable for any reason to act as agent for service of process, the Borrowers shall
immediately (and in any event within ten (10) days of such event taking place) appoint another process agent on terms acceptable to the Administrative Agent (such replacement process agent and the Initial Process Agent, each a
“Process Agent”). Failing this, the Administrative Agent may appoint another process agent for this purpose. “Initial Process Agent” means: 

Corporation Service Company 
 1180 Avenue of the Americas, Suite 210 
 New York, New York 10036 

SECTION 9.12 Governing Law. This Agreement and the Notes shall be governed by, and construed in accordance with, the laws of
the State of New York. 
 SECTION 9.13 Judgment Currency. (a) If for the purposes of obtaining judgment in any
court it is necessary to convert a sum due hereunder in Singapore Dollars, Hong Kong Dollars or Australian Dollars into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used
shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase Singapore Dollars, Hong Kong Dollars or Australian Dollars, as applicable, with such other currency at Citibank N.A.’s principal office
in London at 11:00 A.M. (London time) on the Business Day preceding that on which final judgment is given. 
 (b) If for the
purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder in a foreign currency into Singapore Dollars, Hong Kong Dollars or Australian Dollars, the parties agree to the fullest extent that they may effectively do
so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase such foreign currency with Singapore Dollars, Hong Kong Dollars or Australian Dollars, as applicable, at
Citibank N.A.’s principal office in London at 11:00 A.M. (London time) on the Business Day preceding that on which final judgment is given. 
 (c) The obligation of the Loan Parties in respect of any sum due from it in any currency (the “Primary Currency”) to any Lender or the Administrative Agent hereunder shall,
notwithstanding any judgment in any other currency, be discharged only to the extent that on the Business Day following receipt by such Lender or the Administrative Agent (including by the Administrative Agent on behalf of such Lender, as the case
may be), of any sum adjudged to be so due in such other currency, such Lender or the Administrative Agent (as the case may be) may in accordance with normal banking procedures purchase the applicable Primary Currency with such other currency. If the
amount of the applicable Primary Currency so purchased is less than such sum due to such Lender or the Administrative Agent (as the case may be) in the applicable Primary Currency, each Loan Party agrees, as a separate obligation and notwithstanding
any such judgment, to indemnify such Lender or the Administrative Agent (as the case 

  
 103

 
may be) against such loss, and if the amount of the applicable Primary Currency so purchased exceeds such sum due to any Lender or the Administrative Agent (as the case may be) in the applicable
Primary Currency, such Lender or the Administrative Agent (as the case may be) agrees to promptly remit to the applicable Loan Party such excess. 
 SECTION 9.14 Change in Currency. If a change in Australian Dollars, Hong Kong Dollars, Singapore Dollars or United States Dollars occurs pursuant to any applicable law, rule or regulation of
any governmental, monetary or multi-national authority, this Agreement will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Borrowers) to be necessary to reflect the change in currency
and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such currency had occurred. 
 SECTION 9.15 WAIVER OF JURY TRIAL. EACH OF THE BORROWERS, THE OTHER LOAN PARTIES, THE ADMINISTRATIVE AGENT AND THE LENDERS IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, THE ADVANCES OR THE ACTIONS OF THE ADMINISTRATIVE AGENT OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR
ENFORCEMENT THEREOF. 
 [Balance of page intentionally left blank] 

  
 104

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	BORROWERS:
	
	 DIGITAL SINGAPORE JURONG EAST PTE. LTD.,

a Singapore private company limited by shares

		
	By:	 	 /s/ A. William Stein

	Name:	 	A. William Stein, Authorized Person
	
	 DIGITAL REALTY DATAFIRM, LLC,
 a Delaware limited liability company

		
	By:	 	 /s/ A. William Stein

	Name:	 	A. William Stein, Authorized Person
	
	 DIGITAL REALTY DATAFIRM 2, LLC,
 a Delaware limited liability company

		
	By:	 	 /s/ A. William Stein

	Name:	 	A. William Stein, Authorized Person

 Signature Page 

 
			
	GUARANTORS:
	
	 DIGITAL REALTY TRUST, INC.,
 a Maryland corporation

		
	By:	 	 /s/ A. William Stein

	Name:	 	A. William Stein
	Title:	 	Chief Financial Officer and Chief Investment Officer
	
	 DIGITAL REALTY TRUST, L.P.,
 a Maryland limited partnership

	
	 By: Digital Realty Trust, Inc.,
 its sole general partner

		
	By:	 	 /s/ A. William Stein

	Name:	 	A. William Stein
	Title:	 	Chief Financial Officer and Chief Investment Officer
	
	 DIGITAL REALTY MAURITIUS HOLDINGS LIMITED,
 a Mauritius private company limited by shares

		
	By:	 	 /s/ A. William Stein

	Name:	 	A. William Stein, Authorized Person
	
	 1525 COMSTOCK PARTNERS, LLC,
 a Delaware limited liability company

	
	 By: Digital Asia GH, LLC,
 its sole member and manager

	
	 By: Digital Realty Trust, L.P.,
 its sole member and manager

	
	 By: Digital Realty Trust, Inc.,
 its sole general partner

		
	By:	 	 /s/ A. William Stein

	Name:	 	A. William Stein
	Title:	 	Chief Financial Officer and Chief Investment Officer

 Signature Page 

 
			
	DIGITAL PRINTERS SQUARE, LLC,
	a Delaware limited liability company
	
	 By: Digital Asia GH, LLC,
 its sole member and manager

	
	 By: Digital Realty Trust, L.P.,
 its sole member and manager

	
	 By: Digital Realty Trust, Inc.,
 its sole general partner

		
	By:	 	 /s/ A. William Stein

	Name:	 	A. William Stein
	Title:	 	Chief Financial Officer and Chief Investment Officer
	
	 DIGITAL RESTON, LLC,
 a Delaware limited liability company

	
	 By: Digital Asia GH, LLC,
 its sole member and manager

	
	 By: Digital Realty Trust, L.P.,
 its sole member and manager

	
	 By: Digital Realty Trust, Inc.,
 its sole general partner

		
	By:	 	 /s/ A. William Stein

	Name:	 	A. William Stein
	Title:	 	Chief Financial Officer and Chief Investment Officer

 Signature Page 

 
			
	ADMINISTRATIVE AGENT:
	
	        CITICORP INTERNATIONAL LTD.
		
	        By:	  	 /s/ Donny Lam

		  	Name: Donny Lam
		  	Title: Senior Vice President

 Signature Page 

 
			
	SWING LINE BANK AND A LENDER:
	
	        CITIBANK, N.A., SINGAPORE BRANCH
		
	        By:	  	 /s/ Ajay Sharma

		  	Name: Ajay Sharma
		  	Title: Managing Director
		
	        By:	  	 /s/ Arvind Agarwal

		  	Name: Arvind Agarwal
		  	 Title: Vice President, Citibank, N.A.,
     Singapore Branch

 Signature Page 

 
			
	Citibank, N.A. Sydney Branch
	as a Lender and Swing Line Bank
		
	By:	  	 /s/ Damian Crowley

		  	Name: Damian Crowley
		  	Title: Director
		
	By:	  	 /s/ Stephen Daly

		  	Name: Stephen Daly
		  	Title: Director

 Signature Page 

 
			
	Bank of America, N.A.
	as a Lender
		
	By:	  	 /s/ Allison M. Gauthier

		  	Name: Allison M. Gauthier
		  	Title: Senior Vice President

 Signature Page 

 
			
	 SUMITOMO MITSUI BANKING CORPORATION
 as a Lender

		
	By:	  	 /s/ William G. Karl

		  	Name: William G. Karl
		  	Title: General Manager

 Signature Page 

 
			
	The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch,
	as a Lender
		
	By:	  	 /s/ Willie Tham

		  	Name: Willie Tham
		  	Title: Head, Corporate Banking Singapore

 Signature Page 

 SCHEDULE I 
 COMMITMENTS AND APPLICABLE LENDING OFFICES 
 AUSTRALIAN DOLLARS

  

									
	 Name of Lender
	  	 Australian Dollar
Revolving
Credit
Commitment
	  	 Australian Dollar

Swing Line
Commitment
	  	
Standing Payment Instruction, if any
	  	AUD Lending Office
	 Bank of America, N.A.
	  	A$15,891,653.25	  	—  	  	###	  	Bank of America, N.A., Sydney
 Level 64, MLC
Centre
 19 Martin Place
 Sydney, NSW
2000
 Attn: Phil Katipunan
 Tel: +61
2 9931 4344
 Fax: +61 2 9221 5781

Email: Phil.katipunan@baml.com

					
	 Citibank, N.A.., Sydney Branch
	  	A$15,891,653.25	  	A$8,442,763.67	  	###	  	Citibank, N.A., Sydney Branch
 Level 23, 2 Park Street

Sydney, NSW 2000
 Attn: Oliver Brown

Tel: +61 2 8225 2669
 Fax: +61 2 8225
5111
 Email: oliver.brown@citi.com

					
	 Sumitomo Mitsui Banking Corporation
	  	A$23,818,653.25	  	—  	  	###	  	Sumitomo Mitsui Banking Corporation.
 277 Park
Avenue
 New York, NY 10172
 Attn:
Deal Administration, Kristen M.
Lee
 Tel: (212) 224-4314
 Fax: (212) 224-5197

		  	  
	  	  
	  		  	
	 Total
	  	A$55,601,959.75	  	A$8,442,763.67	  		  	
		  	  
	  	  
	  		  	

  

  
 Sch. I-1

 SINGAPORE DOLLARS 

 

									
	 Name of Lender
	  	 Singapore Dollar
Revolving
Credit
Commitment
	  	 Singapore Dollar

Swing Line
Commitment
	  	
Standing Payment Instruction, if any
	  	SGD Lending Office
	 Bank of America, N.A.
	  	S$10,000,000	  	—  	  	###	  	Bank of America Merrill Lynch

9 Raffles Place #17-00 Republic Plaza
Tower 1
 Singapore 048619
 Attn: Tan Cheng Bee
 Tel: +65 6239 3119
 Fax: +65 6239 3035
 Email: cheng-bee.tan@baml.com

					
	 Citibank, N.A., Singapore Branch
	  	S$10,000,000	  	S$7,599.358.31	  	 For payments in SGD:
 ###
  

For payments in HKD:

###
	  	Citibank, N.A., Singapore Branch
 3 Temasek
Avenue
 Centennial Tower, Floor 16

Singapore 039190
 Attn: Arvind
Agarwal
 Tel: +603-2383 7261, +603-2383 7172,
+603-2383 7259
 Fax: +65 6328 5893 and +65 6787 0886
 Email:
arvind.agarwal@citi.com

					
	 The Hong Kong and Shanghai Banking Corporation Limited, Singapore Branch
	  	S$30,047,500	  	—  	  	###	  	Hongkong and Shanghai Banking
Corporation Limited 20 Pasir Panjang Road
(East Lobby)
 #10-21 Mapletree Business City
 Singapore 117439
 Attn: Lee Tian Fu
 Tel: +65 6658 2740
 Fax: +65 6424 4783
 Email: tianfulee@hsbc.com.sg

		  	  
	  	  
	  		  	
	 Total
	  	S$50,047,500	  	S$7,599.358.31	  		  	
		  	  
	  	  
	  		  	

  
 Sch. I-2

 SCHEDULE II 
 Unencumbered Assets 
  

	1.	600-780 South Federal 

 Chicago,
Illinois 
  

	2.	1807 Michael Faraday Court 

Reston, Virginia 
  

	3.	1525 Comstock 

 Santa Clara,
California 
  

	4.	 29A International Business Park (1) 

 Jurong, Singapore 
  

	5.	 1-23 Templar Road
(2)
  

 NSW, Australia 
  

	(1)	Redevelopment Asset 

	(2)	Development Asset 

  
 1 

 Schedule 4.01(b) 

Subsidiaries 

of Digital Realty Trust, Inc. 
  

													
	 Name
	  	Jurisdiction
of Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	 	Aggregate
Equity
Beneficially
Owned Directly
or Indirectly by
Digital Realty
Trust,
Inc.1	 	 	Outstanding
Options, Warrants,
Rights of
Purchase
or Rights of
Conversion re:
Equity Interests of
Such Subsidiary
	 Digital Realty Trust, L.P.
	  	Maryland	  		  		 				 	
		  		  	—  	  	98,754,727

(Common/
Profits
Interest
Units)
	 	 	95.1	% 	 	Yes as to the
1,092,184 Profits
Interest Units
		  		  	—  	  	511,848
Class C
Units	 	 	0.0	% 	 	Yes
		  		  	8,050,000
Series C
Preferred
Units	  	5,270,980
Series C
Preferred
Units	 	 	100	% 	 	Yes
		  		  	12,000,000
Series D
Preferred
Units	  	9,517,580
Series D
Preferred
Units	 	 	100	% 	 	Yes
	 Digital Services, Inc.
	  	Maryland	  	100	  	100	 	 	95.1	% 	 	none
	 Global Kato HG, LLC
	  	California	  	—  	  	—  	 	 	95.1	% 	 	none
	 GIP Stoughton, LLC
	  	Delaware	  	—  	  	—  	 	 	95.1	% 	 	none
	 Global Riverside, LLC
	  	Delaware	  	—  	  	—  	 	 	95.1	% 	 	none
	 Global Miami Holding Company, LLC
	  	Delaware	  	—  	  	—  	 	 	95.1	% 	 	none
	 Global Miami Acquisition Company, LLC
	  	Delaware	  	—  	  	—  	 	 	95.1	% 	 	none
	 Global Brea Holding Company, LLC
	  	Delaware	  	—  	  	—  	 	 	95.1	% 	 	none
	 Global Brea, LLC
	  	Delaware	  	—  	  	—  	 	 	95.1	% 	 	none
	 Global Stanford Place II, LLC
	  	Delaware	  	—  	  	—  	 	 	95.1	% 	 	none
	 Digital Winter, LLC
	  	Delaware	  	—  	  	—  	 	 	95.1	% 	 	none
	 Digital 89th Place, LLC
	  	Delaware	  	—  	  	—  	 	 	95.1	% 	 	none
	 Global Weehawken Holding Company, LLC
	  	Delaware	  	—  	  	—  	 	 	95.1	% 	 	none
	 Global Weehawken Acquisition Company, LLC
	  	Delaware	  	—  	  	—  	 	 	95.1	% 	 	none
	 Global ASML, LLC
	  	California	  	—  	  	—  	 	 	95.1	% 	 	none
	 DRT - Bryan Street, LLC
	  	Delaware	  	—  	  	—  	 	 	95.1	% 	 	none

													
	 Name
	  	Jurisdiction
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate
Equity
Beneficially
Owned Directly
or Indirectly by
Digital Realty
Trust,
Inc.1	 	 	Outstanding
Options, Warrants,
Rights of
Purchase
or Rights of
Conversion re:
Equity Interests of
Such Subsidiary
	 Digital - Bryan Street, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital - Bryan Street Partnership, L.P.
	  	Texas	  	—  	  	—  	  	 	95.1	% 	 	none
	 Global Innovation Sunshine Holdings LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Global Marsh Member, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Global Marsh General Partner, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Global Marsh Limited Partner, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Global Marsh Property Owner, L.P.
	  	Texas	  	—  	  	—  	  	 	95.1	% 	 	none
	 34551 Ardenwood Holding Company LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 34551 Ardenwood LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 2334 Lundy Holding Company LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 2334 Lundy LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 GIP
7th Street Holding Company, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 GIP
7th Street, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 GIP Wakefield Holding Company, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 GIP Wakefield, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Global Webb, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Global Webb, L.P.
	  	Texas	  	—  	  	—  	  	 	95.1	% 	 	none
	 Global Lafayette Street Holding Company, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 2045 - 2055 Lafayette Street, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 GIP Alpha General Partner, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 GIP Alpha Limited Partner, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 GIP Alpha, L.P.
	  	Texas	  	—  	  	—  	  	 	95.1	% 	 	none
	 GIP Fairmont Holding Company, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 150 South First Street, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 200 Paul Holding Company, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 200 Paul, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 1100 Space Park Holding Company, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 1100 Space Park, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Global Gold Camp Holding Company, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none

													
	 Name
	  	Jurisdiction
of Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate
Equity
Beneficially
Owned Directly
or Indirectly by
Digital Realty
Trust,
Inc.1	 	 	Outstanding
Options, Warrants,
Rights of
Purchase
or Rights of
Conversion re:
Equity Interests of
Such Subsidiary
	 Global Gold Camp, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital 833 Chestnut, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Concord Center, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Printers Square, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Greenspoint, L.P.
	  	Texas	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Greenspoint, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 DRT Greenspoint, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Sixth & Virginia, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Sixth & Virginia Holdings, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Aquila, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital 113 N. Myers, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital 125 N. Myers, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Waltham, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Phoenix Van Buren, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Services Phoenix, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Piscataway, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Midway, L.P.
	  	Texas	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Midway GP, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 MAPP Holding Company LLC
	  	California	  	—  	  	—  	  	 	95.1	% 	 	none
	 MAPP Property LLC
	  	California	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Lakeside Holdings, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Lakeside, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Trade Street, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 DRT Centreport, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Centreport, L.P.
	  	Texas	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Business Trust
	  	Maryland	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Toronto Business Trust
	  	Maryland	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Toronto Nominee Inc.
	  	British Columbia	  	—  	  	—  	  	 	95.1	% 	 	None
	 Digital Reston, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Arizona Research Park II, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital 3011 Lafayette, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital 21110 Ridgetop, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Ashburn CS, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Connect, LLC
	  	Delaware	  	—  	  	—  	  	 	95.1	% 	 	none
	 Digital Luxemburg II Sarl
	  	Luxembourg	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Netherlands I BV
	  	Netherlands	  	—	  	—	  	 	95.1	% 	 	none

													
	 Name
	  	Jurisdiction
of Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate
Equity
Beneficially
Owned Directly
or Indirectly by
Digital Realty
Trust,
Inc.1	 	 	Outstanding
Options, Warrants,
Rights of Purchase
or Rights of
Conversion re:
Equity Interests
of
Such Subsidiary
	 Digital Luxemburg Sarl
	  	Luxembourg	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Netherlands II BV
	  	Netherlands	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Netherlands III (Dublin) BV
	  	Netherlands	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Netherlands IV BV
	  	Netherlands	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Netherlands V BV
	  	Netherlands	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty (Camperdown House) Limited
	  	United
Kingdom	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty (Blanchardstown) Limited
	  	Ireland	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty (Management Company) Limited
	  	Ireland	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty (Paris 2) SCI
	  	France	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty (Paris) Sarl
	  	France	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty (UK) Limited
	  	UK	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty (Welwyn)
	  	Luxembourg	  	—	  	—	  	 	95.1	% 	 	none
	 Waspar Limited
	  	Ireland	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Above, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Chelsea, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Vienna, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 1500 Space Park, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 1500 Space Park Partners, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 1500 Space Park Holdings, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 1500 Space Park Borrower, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 1525 Comstock Partners, LLC
	  	California	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 1525 Comstock, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 1550 Space Park, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 1550 Space Park Partners, LLC
	  	Delaware	  	—	  	—	  	 	52.87	% 	 	none
	 4650 Old Ironsides, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Collins Technology Park Investor, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Collins Technology Park Partners, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 1 Savvis Parkway, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 1201 Comstock, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none

													
	 Name
	  	Jurisdiction
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate
Equity
Beneficially
Owned Directly
or Indirectly by
Digital Realty
Trust,
Inc.1	 	 	Outstanding
Options, Warrants,
Rights of Purchase
or Rights of
Conversion re:
Equity Interests
of
Such Subsidiary
	 Digital 128 First Avenue Ground Lessee, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 128 First Avenue, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 1350 Duane, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 1725 Comstock, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 210 Tucker, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 2121 South Price, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 21561-21571 Beaumeade Circle, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 2260 East El Segundo, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 2950 Zanker, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 365 Main, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 365 Randolphville, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 400 Blair Road, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 444 Toyama, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	None
	 Digital 45845-45901 Nokes Boulevard, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 55 Middlesex, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 60 & 80 Merritt, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 650 Randolph, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 717 GP, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 717 Leonard, LP
	  	Texas	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 717 LP, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 720 2nd, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 7505 Mason King Court, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 900 Dorothy, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital 900 Walnut, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Alfred, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Asia, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Investment Management Pte. Ltd.
	  	Singapore	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty Mauritius Holdings Limited
	  	Mauritius	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Singapore Jurong East Pte. Ltd.
	  	Singapore	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Singapore 1 Pte. Ltd.
	  	Singapore	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty Datafirm, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty Datafirm 2, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none

													
	 Name
	  	Jurisdiction
of Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate
Equity
Beneficially
Owned Directly
or Indirectly by
Digital Realty
Trust,
Inc.1	 	 	Outstanding
Options, Warrants,
Rights of Purchase
or Rights of
Conversion re:
Equity Interests
of
Such Subsidiary
	 Digital Realty Datafirm 3, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Australia Investment Management Pty Limited
	  	Australia	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Beaumeade Circle Land, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 DLR 800 Central, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital BH 800, LLC
	  	Delaware	  	—	  	—	  	 	47.55	% 	 	none
	 Digital BH 800 Holdco, LLC
	  	Delaware	  	—	  	—	  	 	47.55	% 	 	none
	 Digital BH 800 M, LLC
	  	Delaware	  	—	  	—	  	 	47.55	% 	 	none
	 DLR 700-750 Central, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Federal Systems, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Lafayette Chantilly
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Loudoun II, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Loudoun Parkway Center North, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Luxembourg III Sarl
	  	Luxembourg	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Netherlands IV Holdings B.V.
	  	Netherlands	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Netherlands VII B.V.
	  	Netherlands	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Netherlands VIII B.V.
	  	Netherlands	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Netherlands IX B.V.
	  	Netherlands	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Network Services, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty (Cressex) Sarl
	  	Luxembourg	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty (Manchester) Sarl
	  	Luxembourg	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty (St. Denis) Sarl
	  	Luxembourg	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty (Paris 3) SCI
	  	France	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty (Redhill) Sarl
	  	Luxembourg	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty Management France Sarl
	  	France	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty Management Services, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty Property Manager, LLC
	  	Delaware	  	—	  	—	  	 	95.1	% 	 	none
	 Digital Realty Trust Germany 1 GmbH
	  	Germany	  	—	  	—	  	 	95.1	% 	 	none
	 DLR, LLC
	  	Maryland	  	—	  	—	  	 	95.1	% 	 	none
	 Redhill Park Limited
	  	United
Kingdom	  	—	  	—	  	 	95.1	% 	 	none
	 (The) Sentinel-Needham Primary Condominium Trust
	  	Massachusetts	  	—	  	—	  	 	95.1	% 	 	none

  

	1 	 At June 30, 2011, the REIT held 95.1% of the Common/Profits Interest Units of the Operating Partnership (unvested Class C Units at Zero).

 Subsidiaries of 

Digital Realty Trust, L.P. 
  

													
	 Name
	  	Jurisdiction
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate Equity
Beneficially Owned
Directly or Indirectly
by Digital
Realty
Trust, L.P.	 	 	Outstanding
Options, Warrants,
Rights of Purchase
or Rights of
Conversion
	 Digital Services, Inc.
	  	Maryland	  	100	  	100	  	 	100	% 	 	none
	 Global Kato HG, LLC
	  	California	  	—	  	—	  	 	100	% 	 	none
	 GIP Stoughton, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Riverside, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Miami Holding Company, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Miami Acquisition Company, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Brea Holding Company, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Brea, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Stanford Place II, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Winter, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 89th Place, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Weehawken Holding Company, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Weehawken Acquisition Company, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global ASML, LLC
	  	California	  	—	  	—	  	 	100	% 	 	none
	 DRT - Bryan Street, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital - Bryan Street, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital - Bryan Street Partnership, L.P.
	  	Texas	  	—	  	—	  	 	100	% 	 	none
	 Global Innovation Sunshine Holdings LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Marsh Member, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Marsh General Partner, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Marsh Limited Partner, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Marsh Property Owner, L.P.
	  	Texas	  	—	  	—	  	 	100	% 	 	none
	 34551 Ardenwood Holding Company LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 34551 Ardenwood LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 2334 Lundy Holding Company LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 2334 Lundy LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 GIP
7th Street Holding Company, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 GIP
7th Street, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 GIP Wakefield Holding Company, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 GIP Wakefield, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Webb, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Webb, L.P.
	  	Texas	  	—	  	—	  	 	100	% 	 	none

													
	 Name
	  	Jurisdiction
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate Equity
Beneficially Owned
Directly or Indirectly
by Digital
Realty
Trust, L.P.	 	 	Outstanding
Options, Warrants,
Rights of Purchase
or Rights of
Conversion
	 Global Lafayette Street Holding Company, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 2045 - 2055 Lafayette Street, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 GIP Alpha General Partner, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 GIP Alpha Limited Partner, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 GIP Alpha, L.P.
	  	Texas	  	—	  	—	  	 	100	% 	 	none
	 GIP Fairmont Holding Company, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 150 South First Street, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 200 Paul Holding Company, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 200 Paul, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 1100 Space Park Holding Company, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 1100 Space Park, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Gold Camp Holding Company, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Global Gold Camp, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 833 Chestnut, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Concord Center, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Printers Square, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Greenspoint, L.P.
	  	Texas	  	—	  	—	  	 	100	% 	 	none
	 Digital Greenspoint, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 DRT Greenspoint, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Sixth & Virginia, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Sixth & Virginia Holdings, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Aquila, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 113 N. Myers, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 125 N. Myers, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Waltham, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Phoenix Van Buren, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Services Phoenix, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Piscataway, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Midway, L.P.
	  	Texas	  	—	  	—	  	 	100	% 	 	none
	 Digital Midway GP, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 MAPP Holding Company LLC
	  	California	  	—	  	—	  	 	100	% 	 	none
	 MAPP Property LLC
	  	California	  	—	  	—	  	 	100	% 	 	none
	 Digital Lakeside Holdings, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Lakeside, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Trade Street, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 DRT Centreport, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Centreport, L.P.
	  	Texas	  	—	  	—	  	 	100	% 	 	none
	 Digital Business Trust
	  	Maryland	  	—	  	—	  	 	100	% 	 	none

													
	 Name
	  	Jurisdiction
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate Equity
Beneficially Owned
Directly or Indirectly
by Digital
Realty
Trust, L.P.	 	 	Outstanding
Options, Warrants,
Rights of Purchase
or Rights of
Conversion
	 Digital Toronto Business Trust
	  	Maryland	  	—	  	—	  	 	100	% 	 	none
	 Digital Toronto Nominee Inc.
	  	British
Columbia	  	—	  	—	  	 	100	% 	 	none
	 Digital Reston, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Arizona Research Park II, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 3011 Lafayette, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 21110 Ridgetop, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Ashburn CS, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Connect, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Luxemburg II Sarl
	  	Luxembourg	  	—	  	—	  	 	100	% 	 	none
	 Digital Netherlands I BV
	  	Netherlands	  	—	  	—	  	 	100	% 	 	none
	 Digital Luxemburg Sarl
	  	Luxembourg	  	—	  	—	  	 	100	% 	 	none
	 Digital Netherlands II BV
	  	Netherlands	  	—	  	—	  	 	100	% 	 	none
	 Digital Netherlands III (Dublin) BV
	  	Netherlands	  	—	  	—	  	 	100	% 	 	none
	 Digital Netherlands IV BV
	  	Netherlands	  	—	  	—	  	 	100	% 	 	none
	 Digital Netherlands V BV
	  	Netherlands	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty (Camperdown House) Limited
	  	United
Kingdom	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty (Blanchardstown) Limited
	  	Ireland	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty (Management Company) Limited
	  	Ireland	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty (Paris 2) SCI
	  	France	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty (Paris) Sarl
	  	France	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty (UK) Limited
	  	UK	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty (Welwyn)
	  	Luxembourg	  	—	  	—	  	 	100	% 	 	none
	 Waspar Limited
	  	Ireland	  	—	  	—	  	 	100	% 	 	none
	 Digital Above, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Chelsea, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Vienna, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	None
	 Digital 1500 Space Park, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 1500 Space Park Partners, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 1500 Space Park Holdings, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 1500 Space Park Borrower, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 1525 Comstock Partners, LLC
	  	California	  	—	  	—	  	 	100	% 	 	none
	 Digital 1525 Comstock, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 1550 Space Park, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 1550 Space Park Partners, LLC
	  	Delaware	  	—	  	—	  	 	55.59	% 	 	none
	 4650 Old Ironsides, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Collins Technology Park Investor, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none

													
	 Name
	  	Jurisdiction
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate Equity
Beneficially Owned
Directly or Indirectly
by Digital
Realty
Trust, L.P.	 	 	Outstanding
Options, Warrants,
Rights of Purchase
or Rights of
Conversion
	 Collins Technology Park Partners, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 1 Savvis Parkway, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 1201 Comstock, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 128 First Avenue Ground Lessee, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 128 First Avenue, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 1350 Duane, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 1725 Comstock, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 210 Tucker, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 2121 South Price, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 21561-21571 Beaumeade Circle, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 2260 East El Segundo, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 2950 Zanker, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 365 Main, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 365 Randolphville, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 400 Blair Road, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 444 Toyama, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	None
	 Digital 45845-45901 Nokes Boulevard, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 55 Middlesex, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 60 & 80 Merritt, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 650 Randolph, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 717 GP, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 717 Leonard, LP
	  	Texas	  	—	  	—	  	 	100	% 	 	none
	 Digital 717 LP, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 720 2nd, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 7505 Mason King Court, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 900 Dorothy, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital 900 Walnut, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Alfred, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Asia, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Investment Management Pte. Ltd.
	  	Singapore	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty Mauritius Holdings Limited
	  	Mauritius	  	—	  	—	  	 	100	% 	 	none
	 Digital Singapore Jurong East Pte. Ltd.
	  	Singapore	  	—	  	—	  	 	100	% 	 	none
	 Digital Singapore 1 Pte. Ltd.
	  	Singapore	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty Datafirm, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty Datafirm 2, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Erskine Park 2, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none

													
	 Name
	  	Jurisdiction
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate Equity
Beneficially Owned
Directly or Indirectly
by Digital
Realty
Trust, L.P.	 	 	Outstanding
Options, Warrants,
Rights of Purchase
or Rights of
Conversion
	 Digital Australia Investment Management Pty Limited
	  	Australia	  	—	  	—	  	 	100	% 	 	none
	 Digital Beaumeade Circle Land, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 DLR 800 Central, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital BH 800, LLC
	  	Delaware	  	—	  	—	  	 	50	% 	 	none
	 Digital BH 800 Holdco, LLC
	  	Delaware	  	—	  	—	  	 	50	% 	 	none
	 Digital BH 800 M, LLC
	  	Delaware	  	—	  	—	  	 	50	% 	 	none
	 DLR 700-750 Central, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Federal Systems, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Lafayette Chantilly
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Loudoun II, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Loudoun Parkway Center North, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Luxembourg III Sarl
	  	Luxembourg	  	—	  	—	  	 	100	% 	 	none
	 Digital Netherlands IV Holdings B.V.
	  	Netherlands	  	—	  	—	  	 	100	% 	 	none
	 Digital Netherlands VII B.V.
	  	Netherlands	  	—	  	—	  	 	100	% 	 	none
	 Digital Netherlands VIII B.V.
	  	Netherlands	  	—	  	—	  	 	100	% 	 	none
	 Digital Netherlands IX B.V.
	  	Netherlands	  	—	  	—	  	 	100	% 	 	none
	 Digital Network Services, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty (Cressex) Sarl
	  	Luxembourg	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty (Manchester) Sarl
	  	Luxembourg	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty (St. Denis) Sarl
	  	Luxembourg	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty (Paris 3) SCI
	  	France	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty (Redhill) Sarl
	  	Luxembourg	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty Management France Sarl
	  	France	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty Management Services, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty Property Manager, LLC
	  	Delaware	  	—	  	—	  	 	100	% 	 	none
	 Digital Realty Trust Germany 1 GmbH
	  	Germany	  	—	  	—	  	 	100	% 	 	none
	 DLR, LLC
	  	Maryland	  	—	  	—	  	 	100	% 	 	none
	 Redhill Park Limited
	  	United
Kingdom	  	—	  	—	  	 	100	% 	 	none
	 (The) Sentinel-Needham Primary Condominium Trust
	  	Massachusetts	  	—	  	—	  	 	100	% 	 	none

 Subsidiaries of 

Digital Singapore Jurong East Pte. Ltd. 
  

											
	 Name
	  	Jurisdiction
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate Equity
Beneficially Owned
Directly or Indirectly
by
Digital Singapore
Jurong East Pte. Ltd.	  	Outstanding Options,
Warrants, Rights of
Purchase or Rights
of Conversion
	 None
	  		  		  		  		  	

 Subsidiaries of 
 Digital Realty Datafirm, LLC 
  

											
	 Name
	  	Jurisdiction 
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate Equity
Beneficially Owned
Directly or Indirectly
by Digital Realty
Datafirm,
LLC	  	Outstanding Options,
Warrants,
Rights of
Purchase or Rights
of Conversion
	 None
	  		  		  		  		  	

 Subsidiaries of 
 Digital Realty Datafirm 2, LLC 
  

											
	 Name
	  	Jurisdiction 
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate Equity
Beneficially Owned
Directly or Indirectly
by Digital Realty
Datafirm 2,
LLC	  	Outstanding Options,
Warrants, Rights of
Purchase or Rights
of Conversion
	 None
	  		  		  		  		  	

 Subsidiaries of 
 Digital Realty Mauritius Holdings Ltd. 
  

													
	 Name
	  	Jurisdiction 
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate Equity
Beneficially Owned
Directly or Indirectly
by Digital
Realty
Mauritius Holdings
Ltd.	 	 	Outstanding Options,
Warrants, Rights
of
Purchase or Rights
of Conversion
	 Digital Singapore Jurong East Pte. Ltd.
	  	Singapore	  	—	  	—	  	 	100	% 	 	None
	 Digital Singapore I Pte. Ltd.
	  	Singapore	  	—	  	—	  	 	100	% 	 	None

 Subsidiaries of 
 1525 Comstock Partners, LLC 
  

											
	 Name
	  	Jurisdiction 
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate Equity
Beneficially Owned
Directly or Indirectly
by 1525 Comstock
Partners,
LLC	  	Outstanding Options,
Warrants, Rights of
Purchase or Rights
of Conversion
	 None
	  		  		  		  		  	

 Subsidiaries of 

Digital Printers Square, LLC 
  

											
	 Name
	  	Jurisdiction 
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate Equity
Beneficially Owned
Directly or Indirectly
by Digital Printers
Square,
LLC	  	Outstanding Options,
Warrants, Rights
of
Purchase or Rights of
Conversion
	 None
	  		  		  		  		  	

 Subsidiaries of 
 Digital Reston, LLC 
  

											
	 Name
	  	Jurisdiction 
of
Formation/
Incorporation	  	Authorized
Equity	  	Outstanding
Equity	  	Aggregate Equity
Beneficially Owned
Directly or Indirectly
by Digital 
Reston, LLC	  	Outstanding Options,
Warrants, Rights
of
Purchase or Rights of
Conversion
	 None
	  		  		  		  		  	

 Schedule 4.01(d) 

Certain Approvals 
 None 

 Schedule 4.01(f) 

Disclosed Litigation 
 None 

 Schedule 4.01(n) 

Existing Debt (Other than Surviving Debt) 
 None 

 Schedule 4.01(o) 

Surviving Debt 
  

									
	 Properties
	  	Obligor	 	Maturity 
Date	  	Outstanding
Principal 
Amount
1	  	Amortization
	 200 Paul Avenue 1-4 - Mortgage
	  	200 Paul, LLC	 	October 8, 2015	  	$75,325,000	  	Monthly Principal
and Interest
	 34551 Ardenwood Boulevard 1-4 - Mortgage
	  	34551 Ardenwood, LLC	 	November 11,
2016	  	53,967,000	  	Monthly Principal
and Interest
	 2334 Lundy Place - Mortgage
	  	2334 Lundy, LLC	 	November 11,
2016	  	39,250,000	  	Monthly Principal
and Interest
	 600 West Seventh Street - Mortgage
	  	GIP 7th Street, LLC	 	March 15, 2016	  	53,443,000	  	Monthly Principal
and Interest
	 731 East Trade Street – Mortgage
	  	Digital Trade Street, LLC	 	July 1, 2020	  	4,946,000	  	Monthly Principal
and Interest
	 1125 Energy Park Drive – Mortgage
	  	MAPP Property, LLC	 	March 1, 2032	  	8,983,000	  	Monthly Principal
and Interest
	 Paul van Vlissingenstraat 16 – Mortgage
	  	Digital Netherlands II BV	 	July 18, 2013	  	15,024,000	  	Quarterly Principal
and Interest
	 36 Northeast Second Street;

3300 East Birch Street;

100 & 200 Quannapowitt Parkway;

300 Boulevard East;

4849 Alpha Road;
 11830 Webb Chapel Road.
	  	Global Weehawken Acquisition
Company, LLC, Global Miami
Acquisition Company, LLC, GIP
Wakefield, LLC, Global Brea,
LLC, GIP Alpha, L.P.,
Global
Webb, L.P.	 	Nov. 11, 2014	  	140,186,000	  	Monthly Principal
and Interest
	 Geneva Data Centre, Chemin d-Epinglier 2, Geneva-Meyrin, Switzerland
	  	Digital Luxemburg, Sarl	 	July 18, 2013	  	10,870,000	  	Quarterly Principal
and Interest
	 2045 & 2055 LaFayette Street – Mortgage
	  	2045-2055 Lafayette Street,
LLC	 	February 6,
2017	  	65,995,000	  	Monthly Principal
and Interest
	 150 South First Street – Mortgage
	  	150 South First Street, LLC	 	February 6,
2017	  	51,832,000	  	Monthly Principal
and Interest
	 1100 Space Park Drive – Mortgage
	  	1100 Space Park, LLC	 	December 11,
2016	  	53,954,000	  	Monthly Principal
and Interest
	 1500 Space Park Drive – Mortgage
	  	Digital 1500 Space Park
Borrower, LLC	 	October 5, 2013	  	38,921,000	  	Monthly Principal
and Interest
	 1201 Comstock St. – Mortgage
	  	Digital 1201 Comstock, LLC	 	June 24, 2012	  	16,576,000	  	Monthly Principal
and Interest
	 1350 Duane and 3080 Raymond – Mortgage
	  	Digital 1350 Duane, LLC	 	October 1, 2012	  	52,800,000	  	Interest Only
	 700-750 Central Expressway – Mortgage
	  	BH Digital 700-750, LLC
 BH Digital 700-750M, LLC
	 	June 9, 2014	  	10,000,000 &
2,500,000
(mezzanine)	  	Interest Only

									
	 800 Central Expressway - Mortgage
	  	Digital BH 800, LLC

Digital BH 800 M, LLC
	  	June 9, 2013	  	10,000,000
&
10,500,000
(mezzanine)	  	Interest Only
	 2001 Sixth Avenue – Mortgage
	  	2001 Sixth LLC	  	September 1,
2017	  	53,751,000	  	Monthly Principal
and Interest
	 Gyroscoopweg 2E-2F, Amsterdam – Mortgage
	  	Digital Netherlands V
BV	  	October 18,
2013	  	9,566,000	  	Quarterly Principal
and Interest
	 Clonshaugh Industrial Estate, Dublin 17 – Mortgage
	  	Digital Netherlands IV
BV	  	September 4,
2014	  	43,506,000	  	Interest Only
	 114 Rue Ambroise Croizat, St. Denis, France – Mortgage
	  	Digital Realty (Paris 2)
SCI	  	January 18,
2012	  	44,534,000	  	Quarterly Principal
and Interest
	 Unit 9, Blanchardstown Corporate Park, Dublin – Mortgage
	  	Digital Realty
(Blanchardstown) Ltd	  	January 18,
2012	  	38,289,000	  	Quarterly Principal
and Interest
	 Mundells Roundabout, UK – Mortgage
	  	Digital Realty
(Welwyn)	  	November 30,
2013	  	68,747,000	  	Interest Only
	 Cressex 1, UK – Mortgage
	  	Digital Realty
(Cressex) Sarl	  	October 16,
2014	  	28,944,000	  	Quarterly Principal
and Interest
	 Manchester Technopark, UK – Mortgage
	  	Digital Realty
(Manchester) Sarl	  	October 16,
2014	  	8,805,000	  	Quarterly Principal
and Interest
	 Unsecured Credit Facility
	  	Digital Realty Trust,
L.P.	  	August 31, 2012	  	445,800,000	  	Interest Only
	 Unsecured Senior Notes – Series B
	  	Digital Realty Trust,
L.P.	  	November 5,
2013	  	33,000,000	  	Interest Only
	 Unsecured Senior Notes – Series C
	  	Digital Realty Trust,
L.P.	  	January 6, 2016	  	25,000,000	  	Interest Only
	 Unsecured Senior Notes – Series D
	  	Digital Realty Trust,
L.P.	  	January 20,
2015	  	50,000,000	  	Interest Only
	 Unsecured Senior Notes – Series E
	  	Digital Realty Trust,
L.P.	  	January 20,
2017	  	50,000,000	  	Interest Only
	 Unsecured Senior Notes – Series F
	  	Digital Realty Trust,
L.P.	  	February 3,
2015	  	17,000,000	  	Interest Only
	 5.875% Senior Notes due 2020
	  	Digital Realty Trust,
L.P.	  	February 1,
2020	  	500,000,000	  	Interest Only
	 4.50% Senior Notes due 2015
	  	Digital Realty Trust,
L.P.	  	July 15, 2015	  	375,000,000	  	Interest Only
	 5.25% Senior Notes due 2021
	  	Digital Realty Trust,
L.P.	  	March 15, 2021	  	400,000,000	  	Interest Only
	 4.125% Exchangeable Senior Debentures due 2026
	  	Digital Realty Trust,
L.P.	  	August 15, 2026	  	48,301,000	  	Interest Only
	 5.50% Exchangeable Senior Debentures due 2029
	  	Digital Realty Trust,
L.P.	  	April 15, 2029	  	266,400,000	  	Interest Only

  

	1)	As of June 30, 2011 

 Schedule 4.01(q) 

Owned Real Properties 
  

											
	 Date
Acquired
	  	 Property Name
	  	 Address
	  	 Record Owner
	  	Book Value(1)	 
	 Jan-02
	  	2323 Bryan Street	  	2323 Bryan Street, Dallas, TX	  	Digital – Bryan Street Partnership, L.P., a Texas limited partnership	  	 	120,616,130	  
	 Jan-02
	  	36 NE 2nd Street	  	36 NE 2nd Street, Miami, FL	  	Global Miami Acquisition Company, LLC, a Delaware limited liability company	  	 	33,871,684	  
	 Jul-02
	  	6 Braham Street	  	6 Braham Street, London UK	  	Digital Realty Camperdown House Ltd, a New Jersey limited company	  	 	36,246,306	  
	 Nov-02
	  	300 Boulevard East	  	300 Blvd. East, Weehawken, NJ	  	Global Weehawken Acquisition Company, LLC, a Delaware limited liability company	  	 	111,142,344	  
	 Dec-02
	  	2334 Lundy Place	  	2334 Lundy Place, San Jose, CA	  	2334 Lundy LLC, a Delaware limited liability company	  	 	28,820,465	  
	 Jan-03
	  	34551 Ardenwood Blvd 1-4	  	34551 Ardenwood Blvd, Fremont, CA	  	34551 Ardenwood LLC, a Delaware limited liability company	  	 	59,540,932	  
	 Jan-03
	  	2440 Marsh Lane	  	2440 Marsh Lane, Carrolton, TX	  	Global Marsh Property Owner, L.P., a Texas limited partnership	  	 	83,112,874	  
	 May-03
	  	2010 East Centennial Circle	  	2010 E. Centennial Circle Tempe, AZ	  	Global ASML, LLC, a California limited liability company	  	 	22,421,252	  
	 Jun-03
	  	375 Riverside Parkway	  	375 Riverside Pkwy, Atlanta, GA	  	Global Riverside, LLC, a Delaware limited liability company	  	 	37,508,015	  
	 Aug-03
	  	3300 East Birch Street	  	3300 E. Birch Street, Brea, CA	  	Global Brea LLC, a Delaware limited liability company	  	 	10,635,036	  
	 Sep-03
	  	47700 Kato Road & 1055 Page Avenue	  	47700 Kato Road & 1055 Page Ave, Fremont, CA	  	Global Kato HG, LLC, a California limited liability company	  	 	27,742,683	  
	 Apr-04
	  	4849 Alpha Road	  	4849 Alpha Road, Dallas, TX	  	GIP Alpha, L.P., a Texas limited partnership	  	 	43,774,721	  
	 May-04
	  	600 West Seventh Street	  	600 West 7th Street, Los Angeles, CA	  	GIP 7th Street, LLC, a Delaware limited liability company	  	 	116,478,551	  
	 May-04
	  	2045 & 2055 LaFayette Street	  	2045 and 2055 Lafayette, Santa Clara, CA	  	2045-2055 LaFayette Street, LLC, a Delaware limited liability company	  	 	60,163,886	  
	 Jun-04
	  	100 & 200 Quannapowitt Pkwy	  	100 & 200 Quannapowitt Parkway, Wakefield, MA	  	GIP Wakefield LLC, a Delaware limited liability company	  	 	77,664,750	  
	 Aug-04
	  	11830 Webb Chapel Road	  	11830 Webb Chapel Road, Dallas, TX	  	Global Webb, L.P., a Texas limited partnership	  	 	47,116,141	  

  
 Page 1

 Schedule 4.01(q) 

Owned Real Properties 
  

											
	 Date
Acquired
	  	 Property Name
	  	 Address
	  	 Record Owner
	  	Book Value(1)	 
	 Sep-04
	  	150 South First Street	  	150 South First Street, San Jose, CA	  	150 South First Street, LLC, a Delaware limited liability company	  	 	37,933,470	  
	 Oct-04
	  	3065 Gold Camp Drive	  	3065 Gold Camp Drive, Rancho Cordova, CA	  	Global Gold Camp, LLC, a Delaware limited liability company	  	 	14,634,872	  
	 Nov-04
	  	200 Paul Avenue	  	200 Paul Avenue, San Francisco, CA	  	200 Paul, LLC, a Delaware limited liability company	  	 	166,073,800	  
	 Nov-04
	  	1100 Space Park Drive	  	1100 Space Park Drive, Santa Clara, CA	  	1100 Space Park LLC, a Delaware limited liability company	  	 	42,554,216	  
	 Dec-04
	  	3015 Winona Avenue	  	3015 Winona Avenue Burbank, CA	  	Digital Realty Trust, L.P., a Maryland limited partnership	  	 	16,781,222	  
	 Mar-05
	  	833 Chestnut Street	  	833 Chestnut Street, Philadelphia, PA	  	Digital 833 Chestnut, LLC, a Delaware limited liability company	  	 	100,083,737	  
	 Mar-05
	  	1125 Energy Park Drive	  	1126 Energy Park Drive, St. Paul, MN	  	Mapp Property, LLC, a California limited liability company	  	 	16,734,510	  
	 May-05
	  	350 East Cermak Road	  	350 E. Cermak Street, Chicago, IL	  	Digital Lakeside, LLC, a Delaware limited liability company	  	 	331,638,405	  
	 Jun-05
	  	2401 Walsh Street	  	2401 Walsh Street, Santa Clara, CA	  	Digital Realty Trust, L.P., a Maryland limited partnership	  	 	27,495,777	  
	 Jun-05
	  	2403 Walsh Street	  	2403 Walsh Street, Santa Clara, CA	  	Digital Realty Trust, L.P., a Maryland limited partnership	  	 	18,384,283	  
	 Jun-05
	  	4700 Old Ironsides Drive	  	4700 Old Ironsides Dr. Santa Clara, CA	  	Digital Realty Trust, L.P., a Maryland limited partnership	  	 	16,473,601	  
	 Jun-05
	  	4650 Old Ironsides Drive	  	4650 Old Ironsides Dr. Santa Clara, CA	  	Digital Realty Trust, L.P., a Maryland limited partnership	  	 	12,730,331	  
	 Jun-05
	  	200 North Nash Street	  	200 North Nash Street El Segundo, CA	  	Digital Realty Trust, L.P., a Maryland limited partnership	  	 	18,622,923	  
	 Jun-05
	  	8534 Concord Center Drive	  	8534 Concord Center Drive Englewood, CO	  	Digital Concord Center, LLC, a Delaware limited liability company	  	 	16,309,086	  
	 Aug-05
	  	731 East Trade Street	  	731 E. Trade Street, Charlotte, NC	  	Digital Trade Street, LLC, a Delaware limited liability company	  	 	8,956,025	  
	 Aug-05
	  	113 North Myers	  	113 N. Myers Street, Charlotte, NC	  	113 N. Myers, LLC, a Delaware limited liability company	  	 	6,397,642	  

  
 Page 2

 Schedule 4.01(q) 

Owned Real Properties 
  

											
	 Date
Acquired
	  	 Property Name
	  	 Address
	  	 Record Owner
	  	Book
Value(1)	 
	 Aug-05
	  	125 North Myers	  	125 N. Myers Street, Charlotte, NC	  	125 N. Myers, LLC, a Delaware limited liability company	  	 	11,331,881	  
	 Aug-05
	  	Paul van Vlissingenstraat 16	  	Paul van Vlissingenstraat 16, 1096 BK, Amsterdam, Netherlands	  	Digital Netherlands II BV, a Netherlands Company	  	 	39,842,843	  
	 Sep-05
	  	600-780 S. Federal	  	600 S. Federal Street, Chicago, IL	  	Digital Printer’s Square, LLC, a Delaware limited liability company	  	 	43,010,502	  
	 Oct-05
	  	115 Second Avenue	  	115 Second Avenue, Waltham, MA	  	Digital Waltham, LLC, a Delaware limited liability company	  	 	24,421,377	  
	 Nov-05
	  	Chemin de l’Epinglier 2	  	Chemin De L’Epingler 2, 1217 Geneva-Meyrin, Switzerland	  	Digital Luxemburg Sarl, a Luxemburg company	  	 	15,564,515	  
	 Nov-05
	  	251 Exchange Place	  	251 Exchange Place, Herndon, VA	  	Digital Realty Trust L.P., a Maryland limited partnership	  	 	13,280,656	  
	 Dec-05
	  	7500 Metro Center Drive	  	7500 Metro Center Drive, Austin, TX	  	Digital Realty Trust L.P., a Maryland limited partnership	  	 	7,831,426	  
	 Dec-05
	  	7620 Metro Center Drive	  	7620 Metro Center Drive, Austin, TX	  	Digital Realty Trust L.P., a Maryland limited partnership	  	 	7,586,597	  
	 Dec-05
	  	3 Corporate Place	  	3 Corporate Place, Piscataway, NJ	  	Digital Piscataway, LLC, a Delaware limited liability company	  	 	92,578,301	  
	 Jan-06
	  	4025 Midway Road	  	4025 Midway Road, Carrollton, Texas	  	Digital Midway L.P., a Texas limited partnership	  	 	35,743,310	  
	 Feb-06
	  	Clonshaugh Industrial Estate - Amazon	  	Clonshaugh Industrial Estate, Dublin 17, Ireland	  	Digital Netherlands III (Dublin) BV, a Netherlands Company	  	 	10,904,922	  
	 Feb-06
	  	Clonshaugh Industrial Estate - eircom	  	Clonshaugh Industrial Estate, Dublin 17, Ireland	  	Digital Netherlands IV BV, a Netherlands Company	  	 	86,641,260	  
	 Apr-06
	  	6800 Millcreek Drive	  	6800 Millcreek Drive Mississauga, Ontario, Canada	  	Digital Toronto Nominee, Inc., a British Columbia Company	  	 	18,493,147	  
	 Apr-06
	  	101 Aquila Way	  	101 Aquila Way, Austell, GA	  	Digital Aquila, LLC, a Delaware limited liability company	  	 	25,478,708	  
	 Apr-06
	  	12001-12245 North Freeway	  	12001-12245 North Freeway, Houston, TX	  	Digital Greenspoint, L.P., a Texas limited partnership	  	 	47,115,879	  
	 Jun-06
	  	14901 FAA Boulevard	  	14901 FAA Boulevard, Fort Worth, Texas	  	Digital Centreport L.P., a Texas limited partnership	  	 	51,529,573	  

  
 Page 3

 Schedule 4.01(q) 

Owned Real Properties 
  

											
	 Date
Acquired
	  	 Property Name
	  	 Address
	  	 Record Owner
	  	Book Value(1)	 
	 Jul-06
	  	120 E. Van Buren Street	  	120 E. Van Buren Street, Phoenix, AZ	  	Digital Phoenix Van Buren, LLC, a Delaware limited liability company	  	 	259,926,874	  
	 Jul-06
	  	Gyroscoopweg 2E-2F	  	Gyroscoopweg 2E-2F, Amsterdam, Netherlands	  	Digital Netherlands V B.V., a Netherlands company	  	 	14,227,617	  
	 Sep-06
	  	600 Winter Street	  	600 Winter Street, Waltham, MA	  	Digital Winter, LLC, a Delaware limited liability company	  	 	8,811,003	  
	 Sep-06
	  	2300 NW 89th Place	  	2300 NW 89th Place, Miami, FL	  	Digital 89th Place, LLC, a Delaware limited liability company	  	 	5,715,392	  
	 Oct-06
	  	1807 Michael Faraday Court	  	1807 Michael Faraday Court, Reston, VA	  	Digital Reston, LLC, a Delaware limited liability company	  	 	11,304,028	  
	 Oct-06
	  	2055 E. Technology Circle	  	2056 E. Technology Circle, Tempe, AZ	  	Digital Arizona Research Park II, LLC, a Delaware limited liability company	  	 	35,295,695	  
	 Dec-06
	  	114 Rue Ambroise Croizat	  	115 Rue Ambroise Croizat, Paris, France	  	Digital Realty (Paris2) SCI, a societe covile unmobiliere (France)	  	 	143,984,835	  
	 Dec-06
	  	Unit 9, Blanchardstown Corporate Park	  	Unit 9, Blanchardstown Corporate Park, Dublin, Ireland	  	Waspar Limited, a private company limited by shares (Ireland)	  	 	72,823,775	  
	 Jan-07
	  	21110 Ridgetop Circle	  	21110 Ridgetop Circle, Sterling, VA	  	Digital 21110 Ridgetop, LLC, a Delaware limited liability company	  	 	18,229,555	  
	 Jan-07
	  	3011 LaFayette Street	  	3011 LaFayette Street, Santa Clara, CA	  	Digital 3011 LaFayette, LLC, a Delaware limited liability company	  	 	60,373,298	  
	 Feb-07
	  	44470 Chilum Place	  	44470 Chilum Place, Ashburn, VA	  	Digital Ashburn CS, LLC, a Delaware limited liability company	  	 	43,066,802	  
	 Mar-07
	  	111 Eighth Avenue (2)	  	111 Eighth Avenue, NY, NY 10011 (NY County)	  	Digital Chelsa, LLC, a Delaward limited liability company	  	 	29,595,070	  
	 Mar-07
	  	43881 Devin Shafron Dr (Bldg B)	  	43881 Devin Shafron Drive, Ashburn, VA	  	GIP Stoughton, LLC, a Delaware limited liability company	  	 	116,937,152	  
	 Mar-07
	  	43831 Devin Shafron Dr (Bldg C)	  	43831 Devin Shafron Drive, Ashburn, VA	  	GIP Stoughton, LLC, a Delaware limited liability company	  	 	13,984,828	  
	 Mar-07
	  	43791 Devin Shafron Dr (Bldg D)	  	43791 Devin Shafron Drive, Ashburn, VA	  	GIP Stoughton, LLC, a Delaware limited liability company	  	 	66,088,118	  
	 Apr-07
	  	Mundells Roundabout	  	The Garden Shed, Mundells, Welwyn Garden City, UK	  	Digital Realty (Welwyn) Sarl, a Luxembourg sarl	  	 	92,734,755	  

  
 Page 4

 Schedule 4.01(q) 

Owned Real Properties 
  

											
	 Date
Acquired
	  	 Property Name
	  	 Address
	  	 Record Owner
	  	Book Value(1)	 
	 Aug-07
	  	210 Tucker	  	210 Tucker, St. Louis, MO 63102	  	Digital 210 Tucker, LLC, a Delaware limited liability company	  	 	29,058,179	  
	 Aug-07
	  	900 Walnut	  	900 Walnut, St. Louis, MO 63102	  	Digital 900 Walnut, LLC, a Delaware limited liability company	  	 	37,055,972	  
	 Aug-07
	  	1 Savvis Parkway	  	1 Savvis Parkway, Town & Country, MO	  	Digital 1 Savvis Parkway, LLC, a Delaware limited liability company	  	 	27,811,245	  
	 Sep-07
	  	1500 Space Park Drive	  	1500 Space Park Drive, Santa Clara, CA	  	Digital 1500 Space Park Borrower, LLC, a Delaware limited liability company	  	 	61,038,921	  
	 Sep-07
	  	1550 Space Park Drive (2)	  	1550 Space Park Drive, Santa Clara, CA	  	1550 Space Park Partners, LLC, a Delaware limited liability company	  	 	3,863,493	  
	 Dec-07
	  	Cressex 1	  	Cressex 1, Cressex Business Park, High Wycombe, Buckinghamshire, UK	  	Digital Realty (Cressex) Sarl, a Luxembourg sarl	  	 	38,688,576	  
	 Dec-07
	  	Naritaweg 52	  	Naritaweg 52, 1043 Amsterdam, Netherlands	  	Digital Realty Netherlands VII B.V., a Netherlands private limited liability company	  	 	27,219,129	  
	 Dec-07
	  	1 St. Anne’s Boulevard	  	1 St. Anne’s Boulevard, Redhill, Surrey, UK RH1 1AX	  	Digital Realty (Redhill) Sarl, a Luxembourg sarl	  	 	2,427,395	  
	 Dec-07
	  	2 St. Anne’s Boulevard	  	2 St. Anne’s Boulevard, Redhill, Surrey, UK RH1 1AX	  	Digital Realty (Redhill) Sarl, a Luxembourg sarl	  	 	29,377,118	  
	 Dec-07
	  	3 St. Anne’s Boulevard	  	3 St. Anne’s Boulevard, Redhill, Surrey, UK RH1 1AX	  	Digital Realty (Redhill) Sarl, a Luxembourg sarl	  	 	140,018,891	  
	 Feb-08
	  	365 South Randolphville	  	365 South Randolphville Road Piscataway, NJ	  	Digital 365 Randolphville, LLC, a Delaware limited liability company	  	 	119,593,609	  
	 May-08
	  	Leonard Parking Garage	  	701 & 717 Leonard Street Dallas, TX	  	Digital 717 Leonard, LP, a Texas limited partnership	  	 	12,272,480	  
	 Jun-08
	  	650 Randolph Road	  	650 Randolph Road Franklin Township, NJ	  	Digital 650 Randolph, LLC, a Delaware limited liability company	  	 	14,514,223	  
	 Jun-08
	  	1201 Comstock Street	  	1201 Comstock Street Santa Clara, CA	  	Digital 1201 Comstock, LLC, a Delaware limited liablity	  	 	30,380,552	  
	 Jun-08
	  	Reynolds House Data Center	  	Manchester Technopark Plot C1, Birley Fields Hulme, Manchester	  	Digital Realty (Manchester) Sarl, a Luxembourg sarl	  	 	21,281,180	  
	 Nov-08
	  	7505 Mason King Court	  	7505 Mason King Court, Manassas, VA	  	Digital 7505 Mason King Court, LLC, a Delaware limited liability company	  	 	17,576,520	  

  
 Page 5

 Schedule 4.01(q) 

Owned Real Properties 
  

											
	 Date
Acquired
	  	 Property Name
	  	 Address
	  	 Record Owner
	  	Book Value(1)	 
	 May-09
	  	Loudoun Exchange II - Bldg A	  	43915(A) Devin Shafron Drive, Ashburn, VA	  	Digital Loudoun II, LLC, a Delaware limited liability company	  	 	91,550,189	  
	 May-09
	  	Loudoun Exchange II - Bldg E	  	43790 (E) Devin Shafron Drive, Ashburn, VA	  	Digital Loudoun II, LLC, a Delaware limited liability company	  	 	20,026,307	  
	 May-09
	  	Loudoun Exchange II - Bldg F	  	43830 (F) Devin Shafron Drive, Ashburn, VA	  	Digital Loudoun II, LLC, a Delaware limited liability company	  	 	43,949,063	  
	 Sep-09
	  	1525 Comstock Street	  	1525 Comstock Street, Santa Clara, CA	  	1525 Comstock Partners, LLC, a California limited liability company	  	 	47,691,925	  
	 Sep-09
	  	1232 Alma Rd - Datacenter Park Dallas	  	1232 Alma Rd, Richardson, TX	  	Collins Technology Park Partners, LLC, a Delaware limited liability company	  	 	54,872,188	  
	 Sep-09
	  	900 Quality Way - Datacenter Park Dallas	  	900 Quality Way, Richardson, TX	  	Collins Technology Park Partners, LLC, a Delaware limited liability company	  	 	3,879,720	  
	 Sep-09
	  	1400 N. Bowser Road - Datacenter Park Dallas	  	1400 N. Bowser Road, Richardson, TX	  	Collins Technology Park Partners, LLC, a Delaware limited liability company	  	 	5,437,798	  
	 Sep-09
	  	1301 International Pkwy - Datacenter Park Dallas	  	1301 International Pkwy, Richardson, TX	  	Collins Technology Park Partners, LLC, a Delaware limited liability company	  	 	677,566	  
	 Sep-09
	  	908 Quality Way - Datacenter Park Dallas	  	908 Quality Way, Richardson, TX	  	Collins Technology Park Partners, LLC, a Delaware limited liability company	  	 	21,101,800	  
	 Sep-09
	  	904 Quality Way - Datacenter Park Dallas	  	904 Quality Way, Richardson, TX	  	Collins Technology Park Partners, LLC, a Delaware limited liability company	  	 	1,505,050	  
	 Sep-09
	  	905 Security Row - Datacenter Park Dallas	  	905 Security Row, Richardson, TX	  	Collins Technology Park Partners, LLC, a Delaware limited liability company	  	 	5,615,576	  
	 Sep-09
	  	444 Toyama Drive	  	444 Toyama Drive, Sunnyvale, CA	  	Digital 444 Toyama, LLC, a Delaware limited liability company	  	 	17,500,000	  
	 Oct-09
	  	1350 Duane & 3080 Raymond	  	1350 Duane Ave & 3080 Raymond, Santa Clara, CA	  	Digital 1350 Duane, LLC, a Delaware limited liability company	  	 	89,769,475	  
	 Dec-09
	  	45845 &45901 Nokes Blvd	  	45845 & 45901 Nokes Blvd, Sterling, VA	  	Digital 45845-45901 Nokes Boulevard, LLC, a Delaware limited liability company	  	 	35,429,881	  
	 Dec-09
	  	21561 & 21571 Beaumeade Circle	  	21561 & 21571 Beaumeade Circle, Ashburn, VA	  	Digital 21561-21571 Beaumeade Circle, LLC, a Delaware limited liability company	  	 	24,872,965	  
	 Dec-09
	  	21551 Beaumeade Cir (Land)	  	21551 Beaumeade Circle, Ashburn, VA	  	Digital Beaumeade Circle Land, LLC, a Delaware limited liability company	  	 	5,339,876	  

  
 Page 6

 Schedule 4.01(q) 

Owned Real Properties 
  

											
	 Date
Acquired
	  	 Property Name
	  	 Address
	  	 Record Owner
	  	Book Value(1)	 
	 Jan-10
	  	60 & 80 Merritt	  	60 & 80 Merritt Bvld., Trumbull, CT	  	Digital 60 & 80 Merritt, LLC, a Delaware limited liability company	  	 	91,955,613	  
	 Jan-10
	  	55 Middlesex	  	55 Middlesex Turnpike, Bedford, MA	  	Digital 55 Middlesex, LLC, a Delaware limited liability company	  	 	90,256,909	  
	 Jan-10
	  	128 First Avenue	  	128 First Avenue, Needham, MA	  	Digital 128 First Avenue, LLC, a Delaware limited liability company	  	 	199,904,297	  
	 Apr-10
	  	1725 Comstock	  	1725 Comstock Street, Santa Clara, CA	  	Digital 1725 Comstock, LLC, a Delaware limited liability company	  	 	46,951,872	  
	 May-10
	  	3105 and 3115 Alfred Street	  	3105 and 3115 Alfred Street, Santa Clara, CA	  	Digital Alfred, LLC, a Delaware limited liability company	  	 	58,678,916	  
	 Jun-10
	  	Cateringweg 5	  	Cateringweg 5, Schiphol Noord, Netherlands	  	Digital Netherlands IX B.V., a Netherlands company	  	 	47,820,528	  
	 Jul-10
	  	365 Main Street	  	365 Main Street, San Francisco, CA	  	Digital 365 Main, LLC, a Delaware limited liability company	  	 	202,895,735	  
	 Jul-10
	  	720 2nd Street	  	720 2nd Street, Oakland, CA	  	Digital 720 2nd, LLC, a Delaware limited liability company	  	 	135,745,269	  
	 Jul-10
	  	2260 East El Segundo Boulevard	  	2260 East El Segundo Boulevard, El Segundo, CA	  	Digital 2260 East El Segundo, LLC, a Delaware limited liability company	  	 	71,746,483	  
	 Jul-10
	  	2121 South Price Road	  	2121 South Price Road, Chandler, AZ	  	Digital 2121 South Price, LLC, a Delaware limited liability company	  	 	303,699,907	  
	 Jul-10
	  	4030 Lafayette	  	4030 Lafayette Center Drive, Chantilly, VA	  	Digital Lafayette Chantilly, LLC, a Delaware limited liability company	  	 	27,062,712	  
	 Jul-10
	  	4040 Lafayette	  	4040 Lafayette Center Drive, Chantilly, VA	  	Digital Lafayette Chantilly, LLC, a Delaware limited liability company	  	 	5,702,484	  
	 Jul-10
	  	4050 Lafayette	  	4050 Lafayette Center Drive, Chantilly, VA	  	Digital Lafayette Chantilly, LLC, a Delaware limited liability company	  	 	38,858,927	  
	 Aug-10
	  	800 Central Expressway (2)	  	800 Central Expressway, Santa Clara, CA	  	Digital BH 800, LLC, a Delaware limited liability company	  	 	32,323,995	  
	 Aug-10
	  	2950 Zanker Road	  	2950 Zanker Road, San Jose, CA	  	Digital 2950 Zanker, LLC, a Delaware limited liability company	  	 	32,600,000	  
	 Aug-10
	  	900 Dorothy Drive	  	900 Dorothy Drive, Richardson, TX	  	Digital 900 Dorothy, LLC, a Delaware limited liability company	  	 	17,700,000	  

  
 Page 7

 Schedule 4.01(q) 

Owned Real Properties 
  

											
	 Date
Acquired
	  	 Property Name
	  	 Address
	  	 Record Owner
	  	Book Value(1)	 
	 Nov-10
	  	29A International Business Park	  	29A International Business Park, Jurong, Singapore	  	Digital Singapore Jurong East Pte. Ltd., a Singapore company	  	 	164,811,926	  
	 Apr-11
	  	Loudoun Parkway North	  	Intersection of Loudoun County Parkway and Dulles Greenway, Ashburn, VA	  	Digital Loudoun Parkway Center North, LLC, a Delaware limited liability company	  	 	17,523,181	  
	 Jul-11
	  	1-23 Templar Road	  	1-23 Templar Road, Erskine Park NSW 2759, Australia	  	Digital Realty Datafirm, LLC, a Delaware limited liability company	  	 	10,700,000	  
	 Jul-11
	  	Fountain Court	  	Fountain Court, Cox Lane, Chessington, KT9 1SJ London, UK	  	Digital Luxemburg III Sarl, a Luxemburg company	  	 	21,162,450	  

  

	(1)	As of June 30, 2011; represents Undepreciated Book Value which includes intangible items Investment in Properties, Deferred Lease Costs, Acquired Above Market
Leases, and Required Lease Obligations. 

	(2)	Consolidated joint venture properties. 

  
 Page 8

 Schedule 4.01(r) 

Leased Real Properties1 
  

									
	 Ground Sublease/Property
	  	 Lessee
	  	Lessor	  	Exp. Date	  	Annual Rent
	 2010 East Centennial Circle, Tempe, AZ (Maricopa County)
	  	Global ASML, LLC, a California limited liability company	  	[*]	  	December 31, 2082	  	[*]
					
	 2055 East Technology Circle, Tempe, AZ (Maricopa County)
	  	Digital Arizona Research Park II, LLC, a Delaware limited liability company	  	[*]	  	September 30, 2083	  	[*]
					
	 101 Aquila Way, Austell, GA (Douglas County)
	  	Digital Aquila, LLC, a Delaware limited liability company	  	[*]	  	December 31, 2011	  	[*]
					
	 Paul van Vlissingenstraat, Amsterdam, Netherlands
	  	Digital Netherlands II BV, a Netherlands Company	  	[*]	  	April 16, 2054	  	[*]
					
	 Chemin de l’Epinglier 2, Geneva, Switzerland
	  	Digital Luxemburg Sarl (Lux), a Luxemburg company	  	[*]	  	July 1, 2074	  	[*]
					
	 Gyroscoopweg 2E-2F Amsterdam 1042 AB, Netherlands
	  	Digital Netherlands V BV, a Netherlands Company	  	[*]	  	January 1, 2042
(terms adjusted every 5
years)
	  	[*]
					
	 Clonshaugh Industrial Estate, Dublin Ireland
	  	Digital Netherlands III (Dublin) BV, a Netherlands Company	  	[*]	  	December 31, 2981	  	[*]
					
	 111 Eighth Avenue, New York, NY (NY County)

7th Floor
 3rd
Floor
	  	[*]	  	[*]	  	March 15, 2022	  	[*]
					
	 111 Eighth Avenue, New York, NY (NY County)

2nd Floor
 6th
Floor
	  	[*]	  	[*]	  	June 30, 2014	  	[*]
					
	 8100 Boone Boulevard Vienna, VA (Fairfax County) Suite #B-290 and “additional premises”
	  	[*]	  	[*]	  	September 14, 2017	  	[*]
					
	 Naritaweg 52, 1043 Amsterdam, Netherlands
	  	[*]	  	[*]	  	Perpetual	  	[*]
					
	 Manchester Technopark
	  	[*]	  	[*]	  	May 25, 2125	  	[*]
					
	 128 First Ave Needham, MA
	  	[*]	  	[*]	  	September 19, 2104	  	[*]
					
	 Cateringweg 5 Schiphol Noord, Netherlands
	  	[*]	  	[*]	  	June 2060	  	[*]
					
	 29A International Business Park, Jurong, Singapore
	  	[*]	  	[*]	  	December 31, 2038	  	[*]

  

	1 	 As of June 30, 2011. 

  

	[*]	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with
respect to the omitted portions. 

 Schedule 4.01(s) 

Environmental Matters 
 PART I 
 None. 

PART II 
  

	A.	The following properties are listed or proposed for listing on the NPL or an analogous foreign, state or local list or is adjacent to any such property.

  

	 	1.	2334 Lundy Place, San Jose, California: The ADLAR Turn Key property, which abuts the Site on the northern side, is listed by the California EPA, Office of Emergency
Information, as a Hazardous Waste & Substance site; however, Santa Clara County issued a final closure certificate for the ADLAR Turn Key property on February 15, 1995. 

 

	 	2.	120 East Van Buren Street, Phoenix, Arizona: According to the Arizona Department of Environmental Quality, this property is located within the Motorola 52nd Street
Superfund Site. 

  

	B.	Asbestos and/or asbestos containing materials are or are presumed to be present, based on the age of the structure, at the following properties.

 [*] 
  

	C.	Hazardous Material may have been or have been released, discharged or disposed on the following properties. 

[*] 
 PART
III 
 None. 

 

	[*]	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with
respect to the omitted portions. 

 Schedule 4.01(y) 

Part A: Excluded Subsidiaries and Excluded Subsidiary Agreements 
 None 
 Part B: Designated Excluded Subsidiaries (Limited Subsidiaries per
Section 5.01(j)(ii)) 
 Digital Investment Management Pte. Ltd. (Singapore) 
 Digital Singapore I Pte. Ltd. (Singapore) 
 Digital Erskine Park 2, LLC (DE) 

Digital Australia Investment Management Pty Limited (Australia) 

 EXHIBIT A to the 
 REVOLVING CREDIT AGREEMENT 
 FORM OF BORROWER ACCESSION AGREEMENT

 ACCESSION AGREEMENT 
 Dated as of:                  ,          

Citicorp International Ltd., 
   as
Administrative Agent 
   under the Credit Agreement 
   referred to below 
 9th Floor, Two Harbourfront 

22 Tak Fung Street 
 Hung Hom, Kowloon, Hong Kong

 Attention: Regional Loans Agency 

Revolving Credit Agreement dated as of August 18, 2011 (as in effect on the date hereof and as it may hereafter be amended, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Digital Singapore Jurong East Pte. Ltd., as Initial Singapore Borrower, Digital Realty Datafirm, LLC, as Initial Australia Borrower
1, Digital Realty Datafirm 2, LLC, as Initial Australia Borrower 2, Digital Realty Trust, Inc., as a Guarantor, Digital Realty Trust, L.P., as a Guarantor, the Subsidiary Guarantors party thereto, the Lenders party thereto and Citicorp International
Ltd., as Administrative Agent for the Lenders 
 Ladies and Gentlemen: 

Reference is made to the above-captioned Credit Agreement. The capitalized terms defined in the Credit Agreement and not otherwise
defined herein are used herein as therein defined. 
 Section 1. Accession. By its execution of this Accession
Agreement, the undersigned (“Additional Borrower”) absolutely, unconditionally and irrevocably undertakes to and agrees to observe and be bound by the terms and provisions of the Credit Agreement and other Loan Documents and
all of the Obligations set forth therein (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the foregoing Obligations) as if it were an original party thereto as an initial Borrower
and initial Guarantor. This Accession Agreement shall also operate as a Guaranty Supplement for the purposes of the Credit Agreement, the Guaranty and the other Loan Documents. 

Section 2. Obligations Under the Loan Documents. The undersigned Additional Borrower hereby agrees, as of the date first
above written, to be bound as a Borrower and a Guarantor by all of the terms and conditions of the Credit Agreement and the other Loan Documents to the same extent as each of the other Borrowers and Guarantors thereunder. The undersigned Additional
Borrower further agrees, as of the date first above written, that each reference in the Credit Agreement and the other Loan Documents to an “Additional Borrower”, a “Borrower Party”, a “Loan Party”,
a “Borrower” or a “Guarantor” shall also mean and be a reference to the undersigned Additional Borrower. 

  
 Exh. A - 1

 Section 3. Guaranty; Limitation of Liability. (a) Without limitation of the
foregoing, the undersigned Additional Borrower hereby absolutely, unconditionally and irrevocably guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or
otherwise, of all Obligations of the other Borrowers now or hereafter existing under or in respect of the Loan Documents (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the
foregoing Obligations), whether direct or indirect, absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such Obligations being the “Guaranteed
Obligations”), and agrees to pay any and all expenses (including, without limitation, fees and expenses of counsel) incurred by the Administrative Agent or any other Lender Party in enforcing any rights under this Accession Agreement,
the Guaranty, the Credit Agreement or any other Loan Document. Without limiting the generality of the foregoing, the undersigned’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any
other Loan Party to any Lender Party under or in respect of the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party.

 (b) The undersigned Additional Borrower, and by its acceptance of this Accession Agreement, the Administrative Agent and each
other Lender Party, hereby confirms that it is the intention of all such Persons that this Accession Agreement, the Guaranty and the Obligations of the undersigned hereunder and under the Loan Documents not constitute a fraudulent transfer or
conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Accession Agreement, the Guaranty and the Obligations
of the undersigned Additional Borrower hereunder and under the Loan Documents. To effectuate the foregoing intention, the Administrative Agent, the other Lender Parties and the undersigned hereby irrevocably agree that the Obligations of the
undersigned Additional Borrower under this Accession Agreement and the Guaranty at any time shall be limited to the maximum amount as will result in the Obligations of the undersigned Additional Borrower under this Accession Agreement and the
Guaranty not constituting a fraudulent transfer or conveyance. 
 (c) The undersigned Additional Borrower hereby unconditionally
and irrevocably agrees that in the event any payment shall be required to be made to any Lender Party under this Accession Agreement, the Guaranty or any other guaranty, the undersigned Additional Borrower will contribute, to the maximum extent
permitted by law, such amounts to each other Guarantor and each other guarantor so as to maximize the aggregate amount paid to the Lender Parties under or in respect of the Loan Documents. 

Section 4. Consent of Loan Parties. The existing Loan Parties hereby consent to the accession of the undersigned Additional
Borrower to the Loan Documents on the terms of Sections 1, 2 and 3 of this Accession Agreement and agree that the Loan Documents shall hereinafter be read and construed as if the undersigned Additional Borrower had been an original party in the
capacity of an Initial Borrower and an original Guarantor. 
 Section 5. Representations and Warranties. The
undersigned Additional Borrower hereby makes each representation and warranty set forth in Section 4.01 of the Credit Agreement to the same extent as each other Borrower and Guarantor. 

Section 6. Delivery by Telecopier. Delivery of an executed counterpart of a signature page to this Accession Agreement by
telecopier or e-mail (which e-mail shall include an attachment in PDF format or similar format containing the legible signature of the undersigned) shall be effective as delivery of an original executed counterpart of this Accession Agreement.

  
 Exh. A - 2

 Section 7. Governing Law; Jurisdiction; Waiver of Jury Trial, Etc. (a) This
Accession Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 
 (b) The
undersigned Additional Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York State court or any federal court of the United States of America sitting in New York City,
and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Accession Agreement, the Credit Agreement, or any of the other Loan Documents to which it is or is to be a party, or for recognition or
enforcement of any judgment, and the undersigned hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in any such New York State court or, to the extent permitted by
law, in such federal court. The undersigned Additional Borrower agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by
law. Nothing in this Accession Agreement or the Guaranty or the Credit Agreement or any other Loan Document shall affect any right that any party may otherwise have to bring any action or proceeding relating to this Accession Agreement, the Credit
Agreement, the Guaranty thereunder or any of the other Loan Documents to which it is or is to be a party in the courts of any other jurisdiction. 
 (c) The undersigned Additional Borrower irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of
venue of any suit, action or proceeding arising out of or relating to this Accession Agreement, the Credit Agreement, the Guaranty or any of the other Loan Documents to which it is or is to be a party in any New York State or federal court. The
undersigned Additional Borrower hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such suit, action or proceeding in any such court. 

(d) THE UNDERSIGNED ADDITIONAL BORROWER HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
(WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, THE TERM ADVANCE OR THE ACTIONS OF ANY LENDER PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF. 

 

					
	Very truly yours,
	
	[NAME OF ADDITIONAL BORROWER]
		
	By:	    	  

		    	Name:	 	
		    	Title:	 	

 Approved this      day 
 of                     ,          

[INSERT SIGNATURE BLOCK FOR EACH LOAN PARTY] 

  
 Exh. A - 3

 EXHIBIT B TO THE 
 REVOLVING CREDIT AGREEMENT 
 FORM OF NOTICE OF BORROWING 

NOTICE OF BORROWING 
                  ,          

Citicorp International Ltd., 
   as
Administrative Agent 
   under the Credit Agreement 
   referred to below 
 9th Floor, Two Harbourfront 

22 Tak Fung Street 
 Hung Hom, Kowloon, Hong Kong

 Attention: Regional Loans Agency 

Ladies and Gentlemen: 
 The
undersigned, [DIGITAL SINGAPORE JURONG EAST PTE. LTD.] [DIGITAL REALTY DATAFIRM, LLC] [DIGITAL REALTY DATAFIRM 2, LLC], refers to the Revolving Credit Agreement dated as of August 18, 2011 (as amended from time to time, the “Credit
Agreement”; the terms defined therein being used herein as therein defined), among the undersigned, Digital Realty Trust, Inc., as a Guarantor, Digital Realty Trust, L.P., as a Guarantor, the Subsidiary Guarantors party thereto, the
Lenders party thereto and Citicorp International Ltd., as Administrative Agent for the Lenders, and hereby gives you notice, irrevocably, pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby requests a Borrowing under
the Credit Agreement, and in that connection sets forth below the information relating to such Borrowing (the “Proposed Borrowing”) as required by [Section 2.02(a)][Section 2.02(b)] of the Credit Agreement: 

 

	 	(i)	The Business Day of the Proposed Borrowing is                  ,
        . 

  

	 	(ii)	The Facility under which the Proposed Borrowing is requested is the [Australia Dollar Revolving Credit][Singapore Dollar Revolving Credit][Australian Swing
Line][Singapore Swing Line] Facility. 

  

	 	(iii)	The aggregate amount of the Proposed Borrowing is
[A$][S$][HK$][                    ]. 

  

	 	(iv)	 [The initial Interest Period for each Advance made as part of the Proposed Borrowing is
                     month[s].]1 

  

	 	(v)	 [The maturity of the Proposed Borrowing is                  ,
        .]2

  

	 	(vi)	The currency of the Proposed Borrowing is [Australian Dollars][Singapore Dollars][Hong Kong Dollars]. 

 
  

	1 	 Include only for Australia Dollar Revolving Credit Facility and Singapore Dollar Revolving Credit Facility Borrowings. 

	2 	 Include only for Swing Line Borrowings. 

  
 Exh. B - 1

	 	(vii)	The Borrower of the Proposed Borrowing is the [Initial Australia Borrower 1][Initial Australia Borrower 2][Initial Singapore Borrower][Additional Borrower].

  

	 	(viii)	The portion of funds from the Proposed Borrowing, if any, to be applied to the repayment of Swing Line Advances and the interest accrued and unpaid thereon is
S$        . 

  

	 	(ix)	The account to which the Proposed Borrowing should be credited (the “Borrower’s Account”) is: 

 

	
	Bank:___________________________________
	Address:________________________________
	ABA#:__________________________________
	Account#:________________________________
	Reference:________________________________

 The undersigned hereby certifies that the following statements are true on the date hereof, and
will be true on the date of the Proposed Borrowing: 
  

	 	(A)	The representations and warranties contained in each Loan Document are true and correct on and as of the date of the Proposed Borrowing, before and after giving effect
to (x) the Proposed Borrowing and (y) the application of the proceeds therefrom, as though made on and as of such date (except to the extent that such representations and warranties relate solely to an earlier date (in which case such
representations and warranties shall have been true and correct on and as of such earlier date)). 

  

	 	(B)	No Default or Event of Default has occurred and is continuing, or would result from (x) such Proposed Borrowing or (y) the application of the proceeds
therefrom. 

  

	 	(C)	(i) before and after giving effect to the Proposed Borrowing, 70% of the Total Unencumbered Asset Value will equal or exceed the Unsecured Debt of the Borrowers, their
Subsidiaries and the Sister Subsidiaries, (ii) before and after giving effect to the Proposed Borrowing, the Loan Parties shall be in compliance with the covenants contained in Section 5.04 of the Credit Agreement and (iii) all
supporting information provided to the Administrative Agent contemporaneously with this Notice of Borrowing was prepared in good faith and accurately shows the computations used in determining compliance with the covenants contained in
Section 5.04 of the Credit Agreement. 

 Delivery of an executed counterpart of this Notice of Borrowing by
telecopier or e-mail (which e-mail shall include an attachment in PDF format or similar format containing the legible signature of the undersigned) shall be effective as delivery of an original executed counterpart of this Notice of Borrowing.

  
 Exh. B - 2

 
			
	[DIGITAL SINGAPORE JURONG EAST PTE. LTD.]
	
	[            ]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[DIGITAL REALTY DATAFIRM, LLC]
	
	[            ]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[DIGITAL REALTY DATAFIRM 2, LLC]
	
	[            ]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[ADDITIONAL BORROWER]
	
	[            ]
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exh. B - 3

 EXHIBIT C to the 
 REVOLVING CREDIT AGREEMENT 
 FORM OF 

GUARANTY SUPPLEMENT 
 GUARANTY SUPPLEMENT 

                 ,
         
 Citicorp International Ltd., 
   as Administrative Agent 
   under the Credit Agreement 

  referred to below 
 9th Floor, Two
Harbourfront 
 22 Tak Fung Street 

Hung Hom, Kowloon, Hong Kong 
 Attention:
Regional Loans Agency 
 Revolving Credit Agreement dated as of August 18, 2011 (as in effect on the date hereof and as it may hereafter be
amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Digital Singapore Jurong East Pte. Ltd., as Initial Singapore Borrower, Digital Realty Datafirm, LLC,
as Initial Australia Borrower 1, Digital Realty Datafirm 2, LLC, as Initial Australia Borrower 2, Digital Realty Trust, Inc., as a Guarantor, Digital Realty Trust, L.P., as a Guarantor, the Subsidiary Guarantors party thereto, the Lenders party
thereto and Citicorp International Ltd., as Administrative Agent for the Lenders 
 Ladies and Gentlemen: 

Reference is made to the above-captioned Credit Agreement and to the Guaranty set forth in Article VII thereof (such Guaranty, as in
effect on the date hereof and as it may hereafter be amended, supplemented or otherwise modified from time to time, together with this Guaranty Supplement, being the “Guaranty”). The capitalized terms defined in the Credit
Agreement and not otherwise defined herein are used herein as therein defined. 
 Section 1. Guaranty; Limitation of
Liability. (a) The undersigned hereby absolutely, unconditionally and irrevocably guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of
all Obligations of the Borrowers and each other Loan Party now or hereafter existing under or in respect of the Loan Documents (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the
foregoing Obligations), whether direct or indirect, absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such Obligations being the “Guaranteed
Obligations”), and agrees to pay any and all expenses (including, without limitation, fees and expenses of counsel) incurred by the Administrative Agent or any other Lender Party in enforcing any rights under this Guaranty Supplement,
the Guaranty, the Credit Agreement or any other Loan Document. Without limiting the generality of the foregoing, the undersigned’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any
other Loan Party to any Lender Party under or in respect of the 

  
 Exh. C - 1

 
Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party.

 (b) The undersigned, and by its acceptance of this Guaranty Supplement, the Administrative Agent and each other Lender Party,
hereby confirms that it is the intention of all such Persons that this Guaranty Supplement, the Guaranty and the Obligations of the undersigned hereunder and thereunder not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy
Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guaranty Supplement, the Guaranty and the Obligations of the undersigned hereunder and
thereunder. To effectuate the foregoing intention, the Administrative Agent, the other Lender Parties and the undersigned hereby irrevocably agree that the Obligations of the undersigned under this Guaranty Supplement and the Guaranty at any time
shall be limited to the maximum amount as will result in the Obligations of the undersigned under this Guaranty Supplement and the Guaranty not constituting a fraudulent transfer or conveyance. 

(c) The undersigned hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to any
Lender Party under this Guaranty Supplement, the Guaranty or any other guaranty, the undersigned will contribute, to the maximum extent permitted by law, such amounts to each other Guarantor and each other guarantor so as to maximize the aggregate
amount paid to the Lender Parties under or in respect of the Loan Documents. 
 Section 2. Obligations Under the
Guaranty. The undersigned hereby agrees, as of the date first above written, to be bound as a Guarantor by all of the terms and conditions of the Credit Agreement and the Guaranty to the same extent as each of the other Guarantors thereunder.
The undersigned further agrees, as of the date first above written, that each reference in the Credit Agreement to an “Additional Guarantor”, a “Loan Party” or a “Guarantor” shall also mean and be a
reference to the undersigned, and each reference in any other Loan Document to a “Guarantor” or a “Loan Party” shall also mean and be a reference to the undersigned. 

Section 3. Representations and Warranties. The undersigned hereby makes each representation and warranty set forth in
Section 4.01 of the Credit Agreement to the same extent as each other Guarantor. 
 Section 4. Delivery by
Telecopier. Delivery of an executed counterpart of a signature page to this Guaranty Supplement by telecopier or e-mail (which e-mail shall include an attachment in PDF format or similar format containing the legible signature of the
undersigned) shall be effective as delivery of an original executed counterpart of this Guaranty Supplement. 
 Section 5.
Governing Law; Jurisdiction; Waiver of Jury Trial, Etc. (a) This Guaranty Supplement shall be governed by, and construed in accordance with, the laws of the State of New York. 

(b) The undersigned hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any
New York State court or any federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Guaranty Supplement, the Guaranty,
the Credit Agreement or any of the other Loan Documents to which it is or is to be a party, or for recognition or enforcement of any judgment, and the undersigned hereby irrevocably and unconditionally agrees that all claims in respect of any such
action or proceeding may be heard and determined in any such New York State court or, to the extent permitted by law, in such federal court. The undersigned agrees that a final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions 

  
 Exh. C - 2

 
by suit on the judgment or in any other manner provided by law. Nothing in this Guaranty Supplement or the Guaranty or the Credit Agreement or any other Loan Document shall affect any right that
any party may otherwise have to bring any action or proceeding relating to this Guaranty Supplement, the Credit Agreement, the Guaranty thereunder or any of the other Loan Documents to which it is or is to be a party in the courts of any other
jurisdiction. 
 (c) The undersigned irrevocably and unconditionally waives, to the fullest extent it may legally and
effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Guaranty Supplement, the Credit Agreement, the Guaranty or any of the other Loan Documents
to which it is or is to be a party in any New York State or federal court. The undersigned hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such suit, action or
proceeding in any such court. 
 (d) THE UNDERSIGNED HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, THE ADVANCES OR THE ACTIONS OF ANY LENDER PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT
THEREOF. 
  

			
	Very truly yours,
	
	[NAME OF ADDITIONAL GUARANTOR]
		
	By	 	  

		 	Name:
		 	Title:

  
 Exh. C - 3

 EXHIBIT D to the 
 REVOLVING CREDIT AGREEMENT 
 FORM OF 

TRANSFER CERTIFICATE 
 TRANSFER CERTIFICATE 
  

	To:	Citicorp International Ltd., as Administrative Agent under the Credit Agreement referred to below 

 

	From:	[The assignor Lender] (the “Existing Lender”) and [The assignee Lender] (the “New Lender”)

  

	Dated:	[                    ] 

 

	Facility:	Revolving Credit Agreement dated as of August 18, 2011 (as in effect on the date hereof and as it may hereafter be amended, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among Digital Singapore Jurong East Pte. Ltd., as Initial Singapore Borrower, Digital Realty Datafirm, LLC, as Initial Australia Borrower 1, Digital Realty
Datafirm 2, LLC, as Initial Australia Borrower 2, Digital Realty Trust, Inc., as a Guarantor, Digital Realty Trust, L.P., as a Guarantor, the Subsidiary Guarantors party thereto, the Lenders party thereto and Citicorp International Ltd., as
Administrative Agent for the Lenders 

  

	1.	We refer to the Credit Agreement. This is a Transfer Certificate. Terms defined in the Credit Agreement shall have the same meaning in this Transfer Certificate unless
given a different meaning in this Transfer Certificate. 

  

	2.	We refer to Section 9.07 of the Agreement: 

  

	 	(a)	The Existing Lender sells and assigns to the New Lender, and the New Lender hereby purchases and assumes from the Existing Lender, an interest in and to the Existing
Lender’s rights and obligations under the Credit Agreement as of the Transfer Date equal to the percentage interest specified in Part I of Schedule 1 hereto of all outstanding rights and obligations under the Credit Agreement Facilities
specified in Part I of Schedule 1 hereto. After giving effect to such sale and assignment, the New Lender’s Commitments and the amount of the Advances owing to the New Lender will be as set forth in Part I of Schedule 1 hereto.

  

	 	(b)	The proposed Transfer Date is [            ]. 

 

	 	(c)	The Applicable Lending Office, Standing Payment Instructions and address, fax number and attention details for notices of the New Lender for the purposes of
Section 9.02(a) of the Credit Agreement are set forth in Part II of Schedule 1 hereto. 

  

	 	(d)	The New Lender expressly acknowledges and agrees to the agreements and confirmations in Section 9.02(c) of the Credit Agreement. 

 

	3.	This Transfer Certificate is governed by the laws of the State of New York. 

  
 Exh. D - 1

	4.	This Transfer Certificate may be executed in any number of counterparts and this has the same effect as if the signatures on the counterparts were on a single copy of
this Transfer Certificate. 

  

									
	[Existing Lender]	 		 	[New Lender]
					
	By:	    	  
	 		 	By:	    	  

		    	Name:	 		 		    	Name:
		    	Title:	 		 		    	Title:

 This Transfer Certificate is accepted by the Administrative Agent on behalf of all other parties to the
Credit Agreement (other than the Operating Partnership, to the extent the Operating Partnership’s consent is required pursuant to the terms of the Credit Agreement) and the Transfer Date is confirmed as
[            ]. 
  

			
	CITICORP INTERNATIONAL LTD.,
	as the Administrative Agent
		
	By:	 	  

		 	Name:
		 	Title:

 [Approved this      day 
 of                     ,
                     
 DIGITAL REALTY
TRUST, L.P. 
  

			
	By	 	  

		 	Name:
		 	Title:]

  
 Exh. D - 2

 SCHEDULE 1 TO TRANSFER CERTIFICATE 

PART I – INTERESTS ASSIGNED AND ASSUMED: 
  

			
	EXISTING LENDER:	  	
	Australia Dollar Revolving Credit Facility	  	
	 Percentage interest assigned
	  	%
	 Australia Dollar Revolving Credit Commitment assigned
	  	$
	 Aggregate outstanding principal amount of Australia Dollar Revolving Credit Advances assigned
	  	$
	Singapore Dollar Revolving Credit Facility	  	
	 Percentage interest assigned
	  	%
	 Singapore Revolving Credit Commitment assigned
	  	$
	 Aggregate outstanding principal amount of Singapore Revolving Credit Advances assigned
	  	$

  

			
	NEW LENDER:	  	
	Australia Dollar Revolving Credit Facility	  	
	 Percentage interest assumed
	  	%
	 Australia Dollar Revolving Credit Commitment assumed
	  	$
	 Aggregate outstanding principal amount of Australia Dollar Revolving Credit Advances assumed
	  	$
	Singapore Dollar Revolving Credit Facility	  	
	 Percentage interest assumed
	  	%
	 Singapore Revolving Credit Commitment assumed
	  	$
	 Aggregate outstanding principal amount of Singapore Revolving Credit Advances assumed
	  	$

  
 Exh. D - 3

 PART II - NEW LENDER DETAILS: 

 

	1.	Standing Payment Instructions (for $S and $A, if applicable): 

 S$ 
 Correspondant Bank Name: 

Correspondant Bank SWIFT Address: 
 Beneficiary Bank Account Number: 
 Beneficiary Bank Account Name: 

Beneficiary Bank SWIFT Address: 
 Final Beneficiary Account Number: 
 Final Beneficiary Account Name: 

Attention: 

A$ 

Correspondant Bank Name: 
 Correspondant Bank SWIFT Address: 
 Beneficiary Bank Account Number: 

Beneficiary Bank Account Name: 
 Beneficiary Bank SWIFT Address: 
 Final Beneficiary Account Number: 

Final Beneficiary Account Name: 
 Attention: 
  

	2.	AUD Lending Office (if applicable): 

  

	3.	SGD Lending Office (if applicable): 

  

	4.	Address, fax number and attention details for notices: 

  
 Exh. D - 4

 EXHIBIT E to the 
 REVOLVING CREDIT AGREEMENT 
 FORM OF 

UNENCUMBERED ASSETS CERTIFICATE 
 UNENCUMBERED ASSETS CERTIFICATE 
 Digital Realty Trust, Inc.

 Unencumbered Assets Certificate 
 Period ending     /    /     

Citicorp International Ltd., 
   as
Administrative Agent 
   under the Credit Agreement 
   referred to below 
 9th Floor, Two Harbourfront 

22 Tak Fung Street 
 Hung Hom, Kowloon, Hong Kong

 Attention: Regional Loans Agency 
 Pursuant to provisions of the Revolving Credit Agreement, dated as of August 18, 2011, Digital Singapore Jurong East Pte. Ltd. (the “Initial Singapore Borrower”), as a Borrower,
Digital Realty Datafirm, LLC (the “Initial Australia Borrower”), as a Borrower, Digital Realty Datafirm 2, LLC (the “Initial Australia Borrower 2”), as a Borrower, Digital Realty Trust, L.P., a
Maryland limited partnership (the “Operating Partnership”), as a Guarantor, Digital Realty Trust, Inc., a Maryland corporation (the “REIT”), as a Guarantor, the Subsidiary Guarantors party thereto, the
Lenders party thereto and Citicorp International Ltd., as Administrative Agent for the Lenders (said Credit Agreement, as it may be amended, amended and restated, supplemented or otherwise modified from time to time, being the “Credit
Agreement”; capitalized terms used herein but not defined herein being used herein as defined in the Credit Agreement), the undersigned, the Chief Financial Officer or a Responsible Officer of the REIT, hereby certifies and represents
and warrants on behalf of the Borrowers as follows: 
 1. The information contained in this certificate and the attached
information supporting the calculation of the Total Unencumbered Asset Value is true, complete and correct as of the close of business on             , 20    (the
“Calculation Date”) and has been prepared in accordance with the provisions of the Credit Agreement. 

2. (a) The Total Unencumbered Asset Value is $        , (b) the Excess Spain Value, if any,
is $        , and (c) the Excess France Value, if any, is $        , each as of the Calculation Date and as more fully described on Schedule I hereto. 

  
 Exh. E - 1

 3. As of the Calculation Date, Unsecured Debt of the Borrowers, their Subsidiaries and the
Sister Subsidiaries does not exceed 70% of the Total Unencumbered Asset Value, in accordance with Section 5.04(b)(i) of the Credit Agreement. 
 4. At the end of the fiscal quarter of the REIT most recently completed and as of the Calculation Date, the REIT maintained an Unencumbered Assets Debt Service Coverage Ratio of not less than 1.50:1.00,
in accordance with Section 5.04(b)(ii) of the Credit Agreement. 
 5. This certificate is furnished to the Administrative
Agent pursuant to Section [3.01(a)(xvi) / 3.02(a)(x) / 5.03(d)] of the Credit Agreement. 
 6. The Unencumbered Assets comply
with all Unencumbered Asset Conditions (except to the extent waived in writing by the Required Lenders) and otherwise conform and comply with the conditions, terms, warranties, representations and covenants set forth in the Credit Agreement.

 [Remainder of page intentionally left blank] 

  
 Exh. E - 2

			
	DIGITAL REALTY TRUST, INC.
		
	By	 	  

		 	 Name:
		 	 Title:

  
 Exh. E - 3

 SCHEDULE I — Calculation of Total Unencumbered Asset Value 

 

											
	 (i)
	  	Sum of Asset Values for all Unencumbered Assets (from charts below)	  	$            	  		  	
						
	 (ii)
	  	(a)	    	Number of Unencumbered Assets	  		  		  	
		  	(b)	    	Weighted average occupancy of all Unencumbered Assets (other than Redevelopment Assets and Development Assets)	  	%	  		  	
						
	 (iii)
	  	If	    		  		  		  	
		  	—	    	the dollar amount in (i) above is not equal to or greater than $115,000,000,	  		  		  	
		  	—	    	the number in (ii)(a) above is not equal to or greater than 3 or	  		  		  	
		  	—	    	the percentage in (ii)(b) above is not greater than or equal to 70%,	  		  		  	
	 Then
	  		    		  		  		  	
		  	—	    	Total Unencumbered Asset Value equals $0.	  		  	$            	  	
					
	 (iv)
	  	Lesser of (i) and (iii) equals Total Unencumbered Asset Value (prior to adjustments for Excess Spain Value, Excess France Value, Withholding Tax Adjustments and
Excess Redevelopment and Development Value)	  		  	$            	  	
						
	 (v)
	  	(a)	    	10% times dollar amount in (iv) above	  	$            	  		  	
						
		  	(b)	    	Sum of Asset Values of all Unencumbered Assets located in Spain	  	$            	  		  	
					
	 (vi)
	  	Excess Spain Value equals the amount, if any, by which (v)(b) exceeds (v)(a)	  		  	$            	  	
					
	 (vii)
	  	Total Unencumbered Asset Value after adjustment for Excess Spain Value is (iv) minus (vi) (prior to adjustments for Excess France Value, Withholding Tax
Adjustments and Excess Redevelopment and Development Value)	  		  		  	$            
						
	 (viii)
	  	(a)	    	Sum of all Qualified French Intercompany Loans	  	$            	  		  	
						
		  	(b)	    	Sum of Asset Values of all Unencumbered Assets located in France	  	$            	  		  	
					
	 (ix)
	  	Excess France Value equals the amount, if any, by which (viii)(b) exceeds (viii)(a)	  		  	$            	  	
					
	 (x)
	  	Total Unencumbered Asset Value after adjustment for Excess Spain Value and Excess France Value is (viii) minus (ix) (prior to adjustments for
Withholding Tax Adjustments and Excess Redevelopment and Development Value)	  		  		  	$            
					
	 (xi)
	  	Withholding Tax Adjustment	  		  	$            	  	
					
	 (xii)
	  	Total Unencumbered Asset Value after adjustment for Excess Spain Value, Excess France Value and any	  		  		  	$            

  
 Sch. I - 1

											
		  	Withholdings Tax Adjustments is (x) minus (xi) (prior to adjustments for Excess Redevelopment and Development Value)	  		  		  	
						
	 (xiii)
	  	(a)	    	33% times dollar amount in (xvii) above	  	$            	  		  	
						
		  	(b)	    	10% times dollar amount in (xvii) above	  	$            	  		  	
						
		  	(c)	    	Sum of Asset Values of all Redevelopment Assets	  	$            	  		  	
						
		  	(d)	    	Sum of Asset Values of all Development Assets	  	$            	  		  	
					
	 (xiv)
	  	Permitted Development Assets equals lesser of (xiii)(b) and (xiii)(d)	  		  	$            	  	
					
	 (xv)
	  	Sum of Asset Values of all Redevelopment and Development Assets is (xiii)(c) plus (xiv)	  		  	$            	  	
					
	 (xvi)
	  	Excess Redevelopment and Development Value equals the amount, if any, by which (xv) exceeds (xiii)(a)	  		  	$            	  	
					
	 (xvii)
	  	Total Unencumbered Asset Value equals (xii) less (xvi)	  		  		  	$            

  
 Sch. I - 2

 Calculation of Asset Value 

(Office Asset) 
  

									
	Office Asset: [Insert Name]	  	 	  	 	  	 
					
	 (A)
	  	Net Operating Income attributable to such Unencumbered Asset	  	$            	  		  	
					
	 (B)
	  	(1) 3% of all rental and other income from the operation of such Unencumbered Asset for the fiscal quarter of the Parent Guarantor most recently ended for which financial
statements are required to be delivered to the Lender Parties pursuant to the Credit Agreement	  	$            	  		  	
					
		  	(2) all management fees payable in respect of such Unencumbered Asset for such fiscal period	  	$            	  		  	
					
	 (C)
	  	U.S.$0.25 × total number of square feet within Unencumbered Asset	  	$            	  		  	
					
	 (D)
	  	Amount of pro forma upward adjustment approved by Administrative Agent for Tenancy Leases entered into during the quarter	  	$            	  		  	
					
	 (E)
	  		  		  		  	
					
		  	Insert Amount from (A)	  		  	 $            

minus
	  	
					
		  	Insert the sum of (B)(1) minus (B)(2) (Insert 0 if negative number)	  		  	 $            

plus
	  	
					
		  	Insert Amount from (D)	  		  	 $            

equals
	  	
					
		  		  		  	$            	  	
					
	 (F)
	  	Adjusted Net Operating Income of such Unencumbered Asset equals (i) (E) times 4 less (ii) (C)	  		  	$            	  	
					
	 (G)
	  	Tentative Asset Value equals (F) ÷ either 8.25% (if a Data Center) or 7.5% (if a non-Data Center)	  		  	$            	  	
					
	 (H)
	  	If Unencumbered Asset was acquired within last 12 months, the acquisition price	  	$            	  		  	
					
	 (I)
	  	 Asset Value:
 If
Unencumbered Asset was acquired within last 12 months, insert lesser of (G) and (H). If Unencumbered Asset was acquired 12 or more months ago, insert (G).
	  		  		  	$            

  
 Sch. I - 3

 Calculation of Asset Value 

(Redevelopment Asset / Development Asset) 
  

					
	Redevelopment Asset: [Insert Name]	  	 	 
	 Asset Value equals the book value of such Asset as determined in accordance with GAAP:
	  	$	            	  

  

					
	Development Asset: [Insert Name]	  	 	 
	 Asset Value equals the book value of such Asset as determined in accordance with GAAP:
	  	$	            	  

 Total Unencumbered Asset Value 

 

					
	 Sum of Asset Values for all Unencumbered Assets
	  	$	            	  

  
 Sch. I - 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00193-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00193-of-00352.parquet"}]]