Document:

exv10w6

Exhibit 10.6

CORESITE REALTY CORPORATION AND CORESITE, L.P.

2010 EQUITY INCENTIVE AWARD PLAN

RESTRICTED STOCK UNIT AGREEMENT

GRANT NOTICE

     Unless otherwise defined herein, the terms defined in the CoreSite Realty Corporation and
CoreSite, L.P. 2010 Equity Incentive Award Plan, as amended from time to time (the “Plan”), shall
have the same defined meanings in this Restricted Stock Unit Agreement, which includes the terms in
this Grant Notice (this “Grant Notice”) and Appendix A attached hereto (collectively the
“Agreement”).

     The holder listed below (the “Participant”) has been granted Restricted Stock Units (the
“RSUs”), subject to the terms and conditions of the Plan and this Agreement.

	 	 	 

	Participant:

	 	                                                     
       
	Grant Date:

	 	                                                     
       
	Number of RSUs:

	 	                              
	Type of Shares Issuable:

	 	Common Stock of CoreSite Realty Corporation
	Vesting Schedule:

	 	The RSUs will become fully vested on [                    ]

     By his or her signature, and the Company’s and the Partnership’s signature below, the
Participant agrees to be bound by the terms and conditions of the Plan and this Agreement,
including this Grant Notice and Appendix A. The Participant has reviewed the Plan and this
Agreement, including this Grant Notice and Appendix A, in their entirety, has had an opportunity to
obtain the advice of counsel prior to executing this Grant Notice and fully understands all
provisions of the Plan and this Agreement, including this Grant Notice and Appendix A. The
Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions arising under the Plan or relating to the RSUs.

	 	 	 	 	 	 	 	 	 	 	 

	CORESITE REALTY CORPORATION	 	 	 	PARTICIPANT	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 

	 	 	 	By:
	 	 
	 	 
	Print Name:

	 	 

	 	 	 	Print Name:
	 	 
	 	 
	Title:

	 	 
	 	 	 	 	 	 	 	 
	Address:

	 	 

	 	 	 	Address:
	 	 
	 	 
	 

	 	 

	 	 	 	 	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	CORESITE L.P.: Holder:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 
	 	 	 	 	 	 	 	 
	Print Name:

	 	 
	 	 	 	 	 	 	 	 
	Title:

	 	 
	 	 	 	 	 	 	 	 
	Address:

	 	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 

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APPENDIX A

TO THE RESTRICTED STOCK UNIT AGREEMENT

     Pursuant to this Agreement and the Plan, the Company has awarded to the Participant the number
of RSUs set forth in the Grant Notice.

ARTICLE I.

GENERAL

     1.1 Definitions. All capitalized terms used in this Agreement without definition
shall have the meanings specified in the Plan and the Grant Notice.

     1.2 Incorporation of Terms. The RSUs and the shares of Stock issued to the
Participant hereunder (“Shares”) are subject to the terms and conditions of the Plan which is
incorporated herein by reference. In the event of any inconsistency between the Plan and this
Agreement, the terms of the Plan shall control, except as provided in Section 3.13.

ARTICLE II.

AWARD OF RESTRICTED STOCK UNITS AND DIVIDEND EQUIVALENTS

     2.1 Award of RSUs and Dividend Equivalents.

          (a) In consideration of Participant’s past and/or continued employment with or service to the
Company, the Partnership or a Subsidiary and for other good and valuable consideration, the Company
has granted to the Participant the number of RSUs set forth in the Grant Notice. Each RSU
represents the right to receive one Share at the times and subject to the conditions set forth
herein. Prior to the actual delivery of any Shares, such RSUs will represent an unsecured
obligation of the Company, payable only from the general assets of the Company.

          (b) The Company hereby grants to the Participant a Dividend Equivalents award with respect to
each RSU granted pursuant to this Agreement for all ordinary quarterly cash dividends which are
paid to all or substantially all holders of the outstanding shares of Stock between the Grant Date
and the date when the RSU is distributed or paid to the Participant or is forfeited or expires.
The Dividend Equivalents award for each RSU shall be equal to the amount of cash which is paid as a
dividend on one share of Stock. All such Dividend Equivalents shall be credited to the Participant
and be deemed to be reinvested in additional RSUs as of the date of payment of any such dividend
based on the Fair Market Value of a share of Stock on such date. Each additional RSU which results
from such deemed reinvestment of Dividend Equivalents granted hereunder shall be subject to the
same vesting, distribution or payment, adjustment and other provisions which apply to the
underlying RSU to which such additional RSU relates.

     2.2 Vesting of RSUs and Dividend Equivalents.

          (a) Subject to the Participant’s continued employment with or service to the Company, the
Partnership or a Subsidiary on the applicable vesting date and subject to the terms of this
Agreement, the RSUs shall vest in such amounts and at such times as are set forth in the Grant
Notice. Each additional RSU which results from deemed reinvestments of Dividend Equivalents
pursuant to

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Section 2.1(b) hereof shall vest whenever the underlying RSU to which such additional RSU
relates vests. In addition, any unvested RSUs and Dividend Equivalents shall vest as of
immediately prior to the occurrence of a Change in Control.

          (b) In the event the Participant incurs a Termination of Service, except as may be otherwise
provided by the Administrator or as set forth in a written agreement between the Participant and
the Company or the Partnership, the Participant shall immediately forfeit any and all RSUs and
Dividend Equivalents granted under this Agreement which have not vested or do not vest on or prior
to the date on which such Termination of Service occurs, and the Participant’s rights in any such
RSUs and Dividend Equivalents which are not so vested shall lapse and expire.

     2.3 Distribution or Payment of RSUs.

               (i) All of the Participant’s RSUs shall be distributed in Shares (either in book-entry form or
otherwise) or, at the option of the Company, paid in cash on the earlier of (i) the date of the
Participant’s Separation from Service for any reason, subject to Section 2.3(b), or (ii) the date
of the occurrence of a Change in Control, but only if such transaction or event constitutes a
“change in control event,” as defined in Treasury Regulation Section 1.409A-3(i)(5). In the event
that the Company elects to make payment of the Participant’s RSUs in cash, the amount payable in
cash for each RSU shall be equal to the Fair Market Value of a share of Stock on the day
immediately preceding the applicable distribution or payment date. All distributions made in
Shares shall be made by the Company or the Partnership in the form of whole Shares, and any
fractional share shall be distributed in cash in an amount equal to the value of such fractional
share determined based on the Fair Market Value as of the date immediately prior to such
distribution. Notwithstanding any provisions of this Agreement or the Plan to the contrary, the
time of distribution of the RSUs under this Agreement may not be changed except as may be permitted
by the Administrator in accordance with Section 409A of the Code and the applicable Treasury
Regulations promulgated thereunder.

          (b) For purposes of this Agreement, the Participant’s “Separation from Service” shall mean the
Participant’s “separation from service” from the Company and the Partnership (within the meaning of
Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), and
Treasury Regulation Section 1.409A-1(h)). Notwithstanding anything to the contrary in this
Agreement, no Restricted Stock Unit shall be distributed or paid to the Participant during the
6-month period following the Participant’s Separation from Service if the Company determines that
paying such amounts at the time or times indicated in this Agreement would be a prohibited
distribution under Section 409A(a)(2)(B)(i) of the Code. If the distribution or payment of any of
the Participant’s RSUs is delayed as a result of the previous sentence, then on the first business
day following the end of such 6-month period (or such earlier date upon which such amount can be
paid under Section 409A of the Code without resulting in a prohibited distribution, including as a
result of the Participant’s death), such RSUs shall be distributed in shares of Stock or, at the
option of the Company, paid in cash.

     2.4 Tax Withholding; Conditions to Issuance of Certificates.

          (a) The Participant is ultimately liable and responsible for all taxes owed in connection with
the RSUs, regardless of any action the Company, the Partnership or any Subsidiary takes with
respect to any tax withholding obligations that arise in connection with the RSUs. Neither the
Company, the Partnership nor any Subsidiary makes any representation or undertaking regarding the
treatment of any tax withholding in connection with the awarding, vesting or payment of the RSUs or
the subsequent sale of Shares. The Company, the Partnership and the Subsidiaries do not commit and
are under no obligation to structure the RSUs to reduce or eliminate the Participant’s tax
liability.

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          (b) In the event that any tax withholding becomes due with respect to the RSUs or Dividend
Equivalents, prior to any such tax withholding becoming due, the Participant must make arrangements
satisfactory to the Committee to satisfy such withholding and must satisfy such tax withholdings
when due. To the extent permitted by the Committee, the Company, the Partnership or the employing
Subsidiary will withhold a portion of the Shares issuable from the RSUs that have an aggregate Fair
Market Value sufficient to pay the minimum federal, state and local income, employment and any
other applicable taxes required to be withheld by the Company or the employing Subsidiary with
respect to the RSUs and the Shares issued therefrom. Notwithstanding any contrary provision of
this Agreement, no Shares will be issued unless and until satisfactory arrangements (as determined
by the Committee) will have been made by the Participant with respect to the payment of any income
and other taxes which the Company or the Partnership determines must be withheld or collected with
respect to such RSUs and the Shares issued therefrom. In addition and to the maximum extent
permitted by law, the Company, the Partnership or the employing Subsidiary has the right to retain
without notice from salary or other amounts payable to the Participant, cash having a value
sufficient to satisfy any tax withholding obligations that cannot be or are not satisfied by the
withholding of otherwise deliverable Shares.

          (c) The Company or the Partnership shall not be required to issue or deliver any certificate
or certificates for any Shares prior to the fulfillment of all of the following conditions: (A)
the admission of the Shares to listing on all stock exchanges on which such Shares are then listed,
(B) the completion of any registration or other qualification of the Shares under any state or
federal law or under rulings or regulations of the Securities and Exchange Commission or other
governmental regulatory body, which the Committee shall, in its sole and absolute discretion, deem
necessary and advisable, and (C) the obtaining of any approval or other clearance from any state or
federal governmental agency that the Committee shall, in its absolute discretion, determine to be
necessary or advisable. In the event that the Company or the Partnership delays a distribution or
payment in settlement of RSUs because it determines that the issuance of shares of Stock in
settlement of such RSUs will violate Federal securities laws or other applicable law, such
distribution or payment shall be made at the earliest date at which the Company or the Partnership
reasonably determines that the making of such distribution or payment will not cause such
violation, as required by Treasury Regulation Section 1.409A-2(b)(7)(ii). No payment shall be
delayed under this Section 10 if such delay will result in a violation of Section 409A of the Code.

     2.5 Rights as Stockholder. Neither the Participant nor any person claiming under or
through the Participant will have any of the rights or privileges of a stockholder of the Company
in respect of any Shares deliverable hereunder unless and until certificates representing such
Shares (which may be in book entry form) will have been issued and recorded on the records of the
Company or its transfer agents or registrars, and delivered to the Participant (including through
electronic delivery to a brokerage account). Except as otherwise provided herein, after such
issuance, recordation and delivery, the Participant will have all the rights of a stockholder of
the Company with respect to the receipt of dividends and distributions on such Shares.

ARTICLE III.

OTHER PROVISIONS

     3.1 Administration. The Committee shall have the power to interpret the Plan and this
Agreement and to adopt such rules for the administration, interpretation and application of the
Plan and this Agreement as are consistent therewith and to interpret or revoke any such rules. All
actions taken and all interpretations and determinations made by the Committee in good faith will
be final and binding upon the Participant, the Company and all other interested persons. No member
of the Committee will be personally liable for any action, determination or interpretation made in
good faith with respect to the Plan or this Agreement.

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     3.2 RSUs and Dividend Equivalents Not Transferable. The RSUs and Dividend Equivalents
may not be sold, pledged, assigned or transferred in any manner other than by will or the laws of
descent and distribution, unless and until the Shares underlying the RSUs have been issued, and all
restrictions applicable to such Shares have lapsed. No RSUs or Dividend Equivalents or any
interest or right therein or part thereof shall be liable for the debts, contracts or engagements
of the Participant or his successors in interest or shall be subject to disposition by transfer,
alienation, anticipation, pledge, encumbrance, assignment or any other means whether such
disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment,
garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted
disposition thereof shall be null and void and of no effect, except to the extent that such
disposition is permitted by the preceding sentence.

     3.3 Adjustments. The Participant acknowledges that the RSUs and the Shares subject to
the RSUs are subject to modification and termination in certain events as provided in this
Agreement and Section 10.1 of the Plan.

     3.4 Notices. Any notice to be given under the terms of this Agreement to the Company
or the Partnership shall be addressed to the Company in care of the Secretary of the Company at the
address given beneath the signature of the Company’s authorized officer on the Grant Notice, and
any notice to be given to Participant shall be addressed to Participant at the address given
beneath Participant’s signature on the Grant Notice. By a notice given pursuant to this Section
3.4, each party may hereafter designate a different address for notices to be given to that party.
Any notice shall be deemed duly given when sent via email or when sent by certified mail (return
receipt requested) and deposited (with postage prepaid) in a post office or branch post office
regularly maintained by the United States Postal Service.

     3.5 Titles. Titles are provided herein for convenience only and are not to serve as a
basis for interpretation or construction of this Agreement.

     3.6 Governing Law. The laws of the State of Delaware shall govern the
interpretation, validity, administration, enforcement and performance of the terms of this
Agreement regardless of the law that might be applied under principles of conflicts of laws.

     3.7 Conformity to Securities Laws. The Participant acknowledges that the Plan and
this Agreement are intended to conform to the extent necessary with all provisions of the
Securities Act and the Exchange Act, and any and all regulations and rules promulgated thereunder
by the Securities and Exchange Commission. Notwithstanding anything herein to the contrary, the
Plan shall be administered, and the RSUs are granted, only in such a manner as to conform to such
laws, rules and regulations. To the extent permitted by applicable law, the Plan and this
Agreement shall be deemed amended to the extent necessary to conform to such laws, rules and
regulations.

     3.8 Amendment, Suspension and Termination. To the extent permitted by the Plan, this
Agreement may be wholly or partially amended or otherwise modified, suspended or terminated at any
time or from time to time by the Committee or the Board, provided, that, except as may otherwise be
provided by the Plan, no amendment, modification, suspension or termination of this Agreement shall
adversely affect the RSUs in any material way without the prior written consent of the Participant.

     3.9 Successors and Assigns. The Company and the Partnership may assign any of its
rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the
benefit of the successors and assigns of the Company and the Partnership. Subject to the
restrictions on transfer herein set forth, this Agreement shall be binding upon the Participant and
his heirs, executors, administrators, successors and assigns.

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     3.10 Limitations Applicable to Section 16 Persons. Notwithstanding any other
provision of the Plan or this Agreement, if Participant is subject to Section 16 of the Exchange
Act, the Plan, the RSUs and this Agreement shall be subject to any additional limitations set forth
in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to
Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule.
To the extent permitted by applicable law, this Agreement shall be deemed amended to the extent
necessary to conform to such applicable exemptive rule.

     3.11 Not a Contract of Employment. Nothing in this Agreement or in the Plan shall
confer upon the Participant any right to continue to serve as an employee or other service provider
of the Company, the Partnership or any Subsidiary.

     3.12 Entire Agreement. This Agreement, subject to the terms and conditions of the
Plan, represents the entire agreement between the parties with respect to the RSUs.

     3.13 Section 409A. The intent of the parties is that the payments and benefits under
this Agreement comply with or be exempt from Section 409A of the Internal Revenue Code of 1986, as
amended, and the regulations and guidance promulgated thereunder (collectively, “Section
409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted
to be in compliance therewith.

     3.14 Agreement Severable. In the event that any provision of this Agreement is held
invalid or unenforceable, such provision will be severable from, and such invalidity or
unenforceability will not be construed to have any effect on, the remaining provisions of this
Agreement.

* * * * *

A-5exv10w16

Exhibit 10.16

CORESITE REALTY CORPORATION

RESTRICTED STOCK AGREEMENT

     This Restricted Stock Agreement (the “Agreement”) is entered into effective as of
___________, 2010 (the “Effective Date”), by and between CoreSite Realty Corporation, a
Maryland corporation (the “Company”), and __________________ (“Holder”).

     WHEREAS, on December 22, 2009, Holder was granted a Class B Interest (as defined in the LLC
Agreement (as defined below)) in CRP Master Holdings, LLC (“Master Holdco”), the details of
which are set forth on Exhibit A (the “Interest”);

     WHEREAS, the Interest was governed by that certain Amended and Restated Limited Liability
Company Agreement of Master Holdco, as amended from time to time (the “LLC Agreement”);

     WHEREAS, the LLC Agreement provides that in connection with an initial public offering of the
equity securities of Master Holdco or one of its successors or affiliates, the Manager (as defined
in the LLC Agreement) may require the Holder to exchange his or her Interest for another class of
equity securities of Master Holdco, its successor or their affiliates;

     WHEREAS, the Company is the sole general partner of CoreSite L.P., a Delaware partnership (the
“Partnership”) and will operate as a self-administered and self-managed real estate
investment trust within the meaning of Section 856 of the Internal Revenue Code of 1986, as amended
(a “REIT”);

     WHEREAS, in connection with the initial public offering of shares of common stock of the
Company, which entity, together with the Partnership, is the successor to Master Holdco, the
Manager and the board of directors of the Company (the “Board”) have each determined that
the Holder shall exchange his or her Interest for a number of shares of common stock of the Company
(the “Common Stock”) as set forth on Exhibit A (such shares of Common Stock are referred to
as the “Restricted Shares”), subject to the terms and conditions of, this Agreement (the
“Exchange”);

     WHEREAS, the Board has approved this Agreement which will govern the Restricted Shares; and

     WHEREAS, the Company and Holder wish to enter into this Agreement which will govern and set
forth the terms of the Restricted Shares.

     NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and
valuable consideration, including the conversion and exchange of the Interest, the receipt and
sufficiency of which are hereby acknowledged, the Company and Holder hereby agree as follows:

ARTICLE I.

GENERAL

     1.1 Restricted Shares. Holder is the holder of such number of Restricted Shares as is
set forth on Exhibit A. The Restricted Shares shall be subject to the terms and conditions of this
Agreement.

     1.2 Exchange. Holder acknowledges that the Restricted Shares have been issued to
Holder in exchange for all of Holder’s rights with respect to the Interest and that as of the
Effective Date, he or she no longer has any rights with respect to the Interest. The Holder hereby
agrees and consents to the Exchange
and understands and acknowledges that the Restricted Shares are being issued in full
settlement of all of the Holder’s rights under the LLC Agreement or under any other documents or
agreements related to or in

 

 

connection with the Interest or any other interest in Master Holdco or
any of its affiliates, predecessors or successors. The Holder agrees that he or she shall execute
such additional documents and take such actions as may be requested by the Company in order to
effect the Exchange.

     1.3 Ownership, Rights as a Shareholder and Custody. Holder is the owner of the Restricted
Shares and has all the rights of a shareholder with respect thereto, including the right to vote
such Restricted Shares and to receive all dividends or other distributions paid with respect to
such Restricted Shares; provided, that, any such dividends and distributions, whether payable in
cash or shares of Common Stock, (the “Dividends”) shall be subject to the restrictions set
forth in Article II, including a risk of forfeiture to the same extent as the Restricted Shares
with respect to which such Dividends have been distributed. Accordingly, Holder shall only be
entitled to receive such Dividends when the Restricted Shares (with respect to which such Dividends
have been distributed) vest pursuant to Article II below. Such ownership of Restricted Shares and
Dividends paid in the form of Common Stock shall be evidenced by book entries on the records of the
Company. Unless provided otherwise pursuant to another agreement between the Holder and the
Company or its successor, promptly following the vesting of Restricted Shares pursuant to this
Agreement, shares evidencing such Restricted Shares and cash and/or stock, as applicable evidencing
such Dividends shall be transferred into Holder’s brokerage account or participant trust maintained
with the Company’s agent or, in the Company’s sole discretion, stock certificate(s) shall be issued
and delivered to Holder (or his/her permitted transferees) by the Company with such legends as
shall be determined by the Company.

ARTICLE II.

FORFEITURE, VESTING, NON-TRANSFERABILITY

     2.1 Forfeiture. Unless otherwise determined by the Committee, or as otherwise set
forth in a written agreement between the Holder and the Company, the Partnership or any of their
subsidiaries, any Restricted Shares which have not vested as of the date Holder incurs a
Termination of Employment (as defined below) shall automatically be forfeited by Holder on the date
of such Termination of Employment without any additional consideration therefore and without any
further action by the Company. The Committee in its discretion may accelerate the vesting of any
Restricted Shares.

     2.2 Vesting of Restricted Shares.

          (a) The number of Restricted Shares that are designated as vested on Exhibit A shall be fully
vested and non-forfeitable as of the Effective Date.

          (b) The number of Restricted Shares that are designated as unvested on Exhibit A shall vest,
if at all, as indicated on Exhibit A, subject to the Holder’s continued employment with or service
to the Company, the Partnership or any of their subsidiaries.

     2.3 Nontransferability. No unvested Restricted Shares or any interest or right
therein or part thereof shall be subject to disposition by transfer, alienation, anticipation,
pledge, encumbrance, assignment or any other means whether such disposition be voluntary or
involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or
equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null
and void and of no effect

     2.4 Adjustment Upon Changes in Capitalization, Merger or Asset Sale.

     (a) Changes in Capitalization. Subject to any required action by the shareholders of
the Company, the number of Restricted Shares subject to this Agreement, shall be equitably
adjusted, as determined by the Committee, for any change in the number of issued shares of Common
Stock resulting

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from a stock split, reverse stock split, stock dividend, spin-off, combination or
reclassification of the Common Stock, or any other change in the number of issued shares of Common
Stock effected without receipt of consideration by the Company; provided, however, that a
conversion of any convertible securities of the Company, the issuance of Restricted Shares to any
other employee of the Company or its subsidiaries, or the exchange by the Company of any Common
Units of the Partnership (as defined in the Partnership Agreement) for shares of Common Stock shall
not be deemed to have been “effected without receipt of consideration.” Such adjustment, if any,
shall be made by the Committee, whose determination in that respect shall be final, binding and
conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of
any class, or securities convertible into shares of stock of any class, shall affect, and no
adjustment by reason thereof shall be made with respect to, the number of Restricted Shares subject
to this Agreement.

          (b) Merger or Asset Sale. In the event of a merger of the Company with or into another
corporation, or the sale of substantially all of the assets of the Company, the Agreement shall be
assumed by the successor corporation or a parent or subsidiary of the successor corporation. In
the event that the successor corporation or a parent or subsidiary of the successor corporation
refuses to assume the Agreement, the Restricted Shares shall vest and the transfer restrictions set
forth in this Agreement shall immediately lapse.

ARTICLE III.

OTHER PROVISIONS

     3.1 Definitions. For purposes of this Agreement, the terms set forth below shall have
the following meanings:

          (a) “Committee” means the Board of Directors of the Company or a committee appointed
by the Board to administer this Agreement.

          (b) “Termination of Employment” means the time when the engagement of Holder as an
employee of or service provider to the Company, the Partnership or any of their subsidiaries is
terminated for any reason, with or without cause, including, but not by way of limitation, by
resignation, discharge, death or retirement, but excluding (x) terminations where there is
simultaneous commencement by the former Holder of a relationship with the Company, the Partnership
or one of their subsidiaries as an employee and (y) at the discretion of the Committee,
terminations which result in a temporary severance of the service relationship.

     3.2 Taxes.

          (a) Holder represents to the Company and the Partnership that the Holder has reviewed with his
or her own tax advisors the federal, state, local and foreign tax consequences of this investment
and the transactions contemplated by this Agreement. Holder is relying solely on such advisors and
not on any statements or representations of the Company or any of its agents. Holder understands
that Holder (and not the Company) shall be responsible for his or her own tax liability that may
arise as a result of this investment or the transactions contemplated by this Agreement.

          (b) Holder understands that Holder may be taxed on the Exchange with respect to all of the
Restricted Shares, both vested and unvested. Holder shall be solely responsible for any tax
consequences associated with the Restricted Shares. In the event the Company or the Partnership
determines that any tax withholding shall become due in connection with the Restricted Shares, the
Holder shall make appropriate arrangements for the payment to the Company (or its subsidiary, as
applicable) of all amounts, if any, which the Company (or its subsidiary, as applicable) is
required to withhold under

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applicable law with respect to the Restricted Shares. The Company may
refuse to issue any Restricted Shares to Holder until Holder satisfies the tax withholding
obligations. To the maximum extent permitted by law, the Company (or its subsidiary, as applicable)
has the right to retain without notice from Restricted Shares transferable to Holder upon vesting
or from compensation payable to Holder, shares of Common Stock or cash having a value sufficient to
satisfy the tax withholding obligation in the event the tax withholding obligation is not satisfied
by the Holder.

     3.3 Not a Contract of Employment. Nothing in this Agreement shall confer upon Holder
any right to continue to serve as an employee or other service provider of the Company, the
Partnership or any of their subsidiaries.

     3.4 Governing Law. The laws of the State of Delaware shall govern the
interpretation, validity, administration, enforcement and performance of the terms of this
Agreement regardless of the law that might be applied under principles of conflicts of laws.

     3.5 Administration of the Agreement. The Committee shall have the authority, in its
discretion, to construe and interpret the terms of this Agreement, to prescribe, amend and rescind
rules and regulations relating to the Agreement and to make all other determinations deemed
necessary or advisable for administering the Agreement. The Committee’s decisions and
interpretations shall be final and binding on Holder and all other persons.

     3.6 Amendment, Suspension and Termination. This Agreement may be wholly or partially
amended or otherwise modified, suspended or terminated at any time or from time to time by the
Committee, provided, that, except as may otherwise be provided, directly or indirectly, in this
Agreement, no amendment, modification, suspension or termination of this Agreement shall adversely
effect the Restricted Shares without the prior written consent of Holder.

     3.7 Notices. Notices required or permitted hereunder shall be given in writing and
shall be deemed effectively given upon personal delivery or upon deposit in the United States mail
by certified mail, with postage and fees prepaid, addressed to Holder at his or her address shown
in the Company records, and to the Company at its principal executive office.

     3.8 Successors and Assigns. The Company may assign any of its rights under this
Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the
successors and assigns of the Company. Subject to the restrictions on transfer herein set forth,
this Agreement shall be binding upon Holder and his or her heirs, executors, administrators,
successors and assigns.

     3.9 Entire Agreement. This Agreement and the exhibits constitute the entire agreement
among the parties hereto pertaining to the subject matter of this Agreement and supersede all prior
agreements and understandings pertaining thereto, including the LLC Agreement. No oral
understandings, oral statements, oral promises or oral inducements between the parties hereto
relating to this Agreement exist. No representations, warranties, covenants or conditions, express
or implied, whether by statute or otherwise, other than as set forth in this Agreement, have been
made by the parties hereto. The parties hereto agree
that, effective as of the Effective Date, the Holder shall no longer have any rights or
obligations under the LLC Agreement

     3.10 Third Party Beneficiaries. This Agreement shall inure to the benefit of the
parties hereto and, with respect to Section 1.2 and 3.9, to Master Holdco and its affiliates,
successors and predecessors, and their officers, directors and equity holders (each of whom shall
be deemed to be intended third party beneficiaries hereunder).

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     3.11 Execution. This Agreement may be executed in two or more counterparts, or by
facsimile transmission, each of which shall be deemed to be an original and all of which taken
together shall constitute one and the same instrument.

     3.12 REIT Status. This Agreement shall be interpreted and construed in a manner
consistent with the Company’s status as a REIT. Notwithstanding anything in this Agreement to the
contrary, no Restricted Shares shall become vested:

          (a) to the extent such Restricted Shares could cause Holder to be in violation of the
Ownership Limit (as defined in the Company’s Articles of Incorporation, as amended from time to
time); or

          (b) if, in the discretion of the Committee, the vesting of such Restricted Shares could impair
the Company’s status as a REIT.

     3.13 Clawback. To the extent required by applicable law or any applicable securities
exchange listing standards, the Restricted Shares and any proceeds thereof shall be subject to
clawback as determined by the Committee, which clawback may include forfeiture, repurchase and/or
recoupment of the Restricted Shares and amounts paid or payable pursuant to or with respect to the
Restricted Shares.

***

5

 

     By his or her signature and the Company’s signature below, Holder agrees to be bound by the
terms and conditions of this Agreement. Holder has reviewed the Agreement in its entirety, has had
an opportunity to obtain the advice of counsel prior to executing this Agreement and fully
understands all provisions of this Agreement.

	 	 	 	   	 	 	 
	CORESITE REALTY CORPORATION:	 	HOLDER:	 	 
	 
	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	Print Name:

	 	 	 	Print Name:	 	 
	 

	 	 
	 	 	 	 
	Title:
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Address:

	 	 	 	Address:	 	 
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 

6

 

EXHIBIT A

NAME OF HOLDER: [___________________]

     The Interest:

	 	 	 	 	 
	 	 	Individual Grant Class B Sharing	 
	Interest	 	Percentage	 
	Fund III Series Class B Interest
	 	 	[_______]	%
	Fund IV Series Class B Interest
	 	 	[_______]	%
	Fund V Series Class B Interest
	 	 	[_______]	%

     The Restricted Shares:

     In exchange for the Interest, pursuant to the Exchange, and subject to the terms and
conditions of the Agreement, the Holder has been granted [________] Restricted Shares, of which:

     [________] Restricted Shares shall be fully vested as of the Effective Date; and

     [________] Restricted Shares shall be unvested as of the Effective Date and, subject to the
Holder’s continued employment with or service to the Company, the Partnership or any of their
subsidiaries, shall vest, if at all, as follows:

     (i) [________] unvested Restricted Shares shall vest on April 11, 2011, and

     (ii) one-third of the balance of unvested Restricted Shares shall vest on each of the one
year, two year and three year anniversaries of the Effective Date.

Holder Initials: _____

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