Document:

First Amendment to 2004 Incentive Award Plan

 Exhibit 10.3 
 FIRST AMENDMENT TO 
 DIGITAL REALTY TRUST, INC., DIGITAL SERVICES, INC. AND 
 DIGITAL REALTY TRUST, L.P. 2004 INCENTIVE AWARD PLAN 
 THIS FIRST AMENDMENT TO DIGITAL REALTY TRUST, INC., DIGITAL SERVICES, INC. AND DIGITAL REALTY TRUST, L.P. 2004 INCENTIVE AWARD PLAN, made as of October 31, 2006 (this “First Amendment”), is made
and adopted by Digital Realty Trust, Inc., a Maryland corporation (the “Company”). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to them in the Plan (as defined below).

 WHEREAS, the Company maintains the Digital Realty Trust, Inc., Digital Services, Inc. and Digital Realty Trust, L.P. 2004 Incentive Award
Plan (the “Plan”); 
 WHEREAS, pursuant to Section 14.1 of the Plan, the Plan may be amended from time to time by the
Company’s Board of Directors (the “Board”); and 
 WHEREAS, the Company desires to amend the Plan as set forth herein.

 NOW, THEREFORE, BE IT RESOLVED, that the Plan be amended as follows: 
  

	 	1.	Section 8.10 of the Plan is hereby amended and restated in its entirety as follows: 

 “8.10 Granting of Profits Interest Units to Independent Directors. 
 (a) During the term of the
Plan, each person who is an Independent Director as of the effective date of the Registration Statement on Form S-11 with respect to the initial public offering of shares of Stock (the “Pricing Date”) automatically shall be granted
(i) 6,448 Profits Interest Units on the Pricing Date, and (ii) 1,000 Profits Interest Units on the date of each annual meeting of stockholders after the Public Trading Date at which the Independent Director is reelected to the Board,
commencing with the third annual meeting after the Public Trading Date. During the term of the Plan, each person who is initially elected to the Board after the Pricing Date and who is an Independent Director at the time of such initial election
automatically shall be granted (I) 6,448 Profits Interest Units on the date of such initial election, and (II) 1,000 Profits Interest Units on the date of each annual meeting of stockholders after such initial election at which the Independent
Director is reelected to the Board, commencing with the third annual meeting after such initial election. Each Award of Profits Interest Units described in clause (i) of the first sentence of this subsection (a) or clause (I) of the
immediately preceding sentence is referred to herein as an “Initial Director Award” and each Award of Profits Interest Units described in clause (ii) of the first sentence of this subsection (a) or clause (II) of the
immediately preceding sentence is referred to herein as a “Subsequent Director Award”. Members of the Board who are employees of the Company, the Partnership, the Services Company, or any Subsidiary who subsequently retire from
employment with such entities and remain on the Board will not receive an Initial Director Award, but to the extent they are otherwise eligible, will receive, after retirement from such employment, Subsequent Director Awards. Notwithstanding the
foregoing, in the event that an Independent Director does not 

 
qualify as an “accredited investor” within the meaning of Regulation D of the Securities Act of 1933, as amended, on the date of any grant of
Profits Interest Units to such Independent Director pursuant to this Section 8.10, then such Independent Director shall not receive such grant of Profits Interest Units, and in lieu thereof shall automatically be granted an equivalent number of
shares of Restricted Stock at a per share purchase price equal to the par value of the Stock, and subject to the same vesting schedule as would have applied to the corresponding grant of Profits Interest Units. 
 (b) Each Initial Director Award shall be vested in full as of the date of grant. Subject to the
Independent Director’s continued directorship, each Subsequent Director Award shall vest with respect to 20% of the Profits Interest Units subject thereto on the first anniversary of the date of grant and with respect to an additional
1/60th of the Profits Interest Units subject thereto on each monthly anniversary thereafter. Consistent with the
foregoing, the terms and conditions of the Profits Interest Units (including, without limitation, transfer restrictions with respect thereto) shall be set forth in an Award Agreement to be entered into by the Company and each Independent Director
which shall evidence the grant of the Profits Interest Units.” 
  

	 	2.	This First Amendment shall be and is hereby incorporated in and forms a part of the Plan. 

  

	 	3.	All other terms and provisions of the Plan shall remain unchanged except as specifically modified herein. 

  

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 I hereby certify that the foregoing First Amendment was duly adopted by the Board of Directors of Digital
Realty Trust, Inc. on October 31, 2006. 
 Executed on this 31th day of October, 2006. 
  

	
	 /s/ A. William Stein

	Secretary

  

 3Second Amendment to 2004 Incentive Award Plan

 Exhibit 10.4 
 SECOND AMENDMENT TO 
 DIGITAL REALTY TRUST, INC., DIGITAL SERVICES, INC. AND 
 DIGITAL REALTY TRUST, L.P. 2004 INCENTIVE AWARD PLAN 
 THIS SECOND AMENDMENT TO DIGITAL REALTY TRUST, INC., DIGITAL SERVICES, INC. AND DIGITAL REALTY TRUST, L.P. 2004 INCENTIVE AWARD PLAN, made as of February 15, 2007 (this “Second Amendment”), is
made and adopted by Digital Realty Trust, Inc., a Maryland corporation (the “Company”). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to them in the Plan (as defined below).

 WHEREAS, the Company maintains the Digital Realty Trust, Inc., Digital Services, Inc. and Digital Realty Trust, L.P. 2004 Incentive Award
Plan (as amended, the “Plan”); 
 WHEREAS, pursuant to Section 14.1 of the Plan, the Plan may be amended from time to
time by the Company’s Board of Directors (the “Board”); and 
 WHEREAS, the Company desires to amend the Plan as set
forth herein. 
 NOW, THEREFORE, BE IT RESOLVED, that the Plan be amended as follows: 
 1. The definition of “Fair Market Value” set forth in Section 2.19 of the Plan is hereby amended and restated in its entirety as follows:

 “2.19 “Fair Market Value” means, as of any given date, (a) if Stock is traded on an exchange,
the closing price of a share of Stock as reported in the Wall Street Journal (or such other source as the Company may deem reliable for such purposes) for such date, or if no sale occurred on such date, the first trading date immediately
prior to such date during which a sale occurred; or (b) if Stock is not traded on an exchange but is quoted on a quotation system, the mean between the closing representative bid and asked prices for the Stock on such date, or if no sale
occurred on such date, the first date immediately prior to such date on which sales prices or bid and asked prices, as applicable, are reported by such quotation system; or (c) if Stock is not publicly traded, the fair market value established
by the Committee acting in good faith.” 
  

	 	2.	Section 11(a) of the Plan is hereby amended and restated in its entirety as follows: 

 “(a) In the event of any stock dividend, stock split, combination or exchange of shares, merger, consolidation, spin-off,
recapitalization or other distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting the shares of Stock or the share price of the Stock, the Committee shall make proportionate adjustments to any
or all of the following in order to reflect such change: (i) the aggregate number and type of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Sections 3.1 and 3.3); (ii) the terms
and conditions of any outstanding Awards (including, without limitation, any applicable Performance Goals or Performance Criteria with respect thereto); and (iii) the grant or 

 
exercise price per share for any outstanding Awards under the Plan. Any adjustment affecting an Award intended as Qualified Performance-Based Compensation
shall be made consistent with the requirements of Section 162(m) of the Code.” 
  

	 	3.	The following new Section 15.17 is hereby added to the Plan: 

 “15.17 Section 409A. To the extent that the Committee determines that any Award granted under the Plan is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall
incorporate the terms and conditions required by Section 409A of the Code. To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and
other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following
the Effective Date the Committee determines that any Award may be subject to Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the
Committee may adopt such amendments to the Plan and the applicable Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Committee
determines are necessary or appropriate to (a) exempt the Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of
Section 409A of the Code and related Department of Treasury guidance.” 
  

	 	4.	This Second Amendment shall be and is hereby incorporated in and forms a part of the Plan. 

  

	 	5.	All other terms and provisions of the Plan shall remain unchanged except as specifically modified herein. 

 [SIGNATURE PAGE FOLLOWS] 
  

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 I hereby certify that the foregoing Second Amendment was duly adopted by the Board of Directors of
Digital Realty Trust, Inc. on February 15, 2007. 
 Executed on this
15th day of February, 2007. 
  

	
	 /s/ A. William Stein

	Secretary

  

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