Document:

exv10w53

Exhibit
10.53

AMENDED AND RESTATED

COMMON DEFINITIONS

AND PROVISIONS AGREEMENT

(RTP DATA CENTER)

between

BNP PARIBAS LEASING CORPORATION

and

NETWORK APPLIANCE, INC.

Dated as of November 29, 2007

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I — LIST OF DEFINED TERMS
	 	 	1	 
	97-10/Maximum Permitted Prepayment
	 	 	1	 
	97-10/Meltdown Event
	 	 	1	 
	97-10/Prepayment
	 	 	1	 
	97-10/Project Costs
	 	 	1	 
	97-10/Pronouncement
	 	 	1	 
	ABR
	 	 	2	 
	ABR Period Election
	 	 	2	 
	Active Negligence
	 	 	2	 
	Additional Rent
	 	 	2	 
	Administrative Fees
	 	 	2	 
	Advance Date
	 	 	2	 
	Affiliate
	 	 	3	 
	After Tax Basis
	 	 	3	 
	Applicable Laws
	 	 	3	 
	Applicable Purchaser
	 	 	3	 
	Appurtenant Easements
	 	 	3	 
	Arrangement Fee
	 	 	3	 
	Attorneys’ Fees
	 	 	3	 
	Balance of Unpaid Construction Period Losses
	 	 	3	 
	Banking Rules Change
	 	 	3	 
	Base Rent
	 	 	4	 
	Base Rent Commencement Date
	 	 	4	 
	Base Rent Date
	 	 	4	 
	Base Rent Period
	 	 	5	 
	BNPPLC
	 	 	5	 
	BNPPLC’s Parent
	 	 	5	 
	Breakage Costs
	 	 	6	 
	Break Even Price
	 	 	6	 
	Business Day
	 	 	6	 
	Capital Adequacy Charges
	 	 	6	 
	Carrying Costs
	 	 	6	 
	Closing Certificate
	 	 	7	 
	Closing Letter
	 	 	7	 
	Code
	 	 	7	 
	Commitment Fees
	 	 	7	 
	Common Definitions and Provisions Agreement
	 	 	7	 
	Completion Date
	 	 	7	 
	Completion Notice
	 	 	7	 
	Consolidated Debt for Borrowed Money
	 	 	7	 

 

 

TABLE OF CONTENTS

(Continued)

	 	 	 	 	 
	 	 	Page	 
	Consolidated EBITDA
	 	 	7	 
	Constituent Documents
	 	 	7	 
	Construction Advances
	 	 	7	 
	Construction Advance Request
	 	 	7	 
	Construction Agreement
	 	 	7	 
	Construction Allowance
	 	 	8	 
	Construction Period
	 	 	8	 
	Construction Project
	 	 	8	 
	Covered Construction Period Losses
	 	 	8	 
	Default
	 	 	8	 
	Default Rate
	 	 	8	 
	Defective Work
	 	 	8	 
	Designated Sale Date
	 	 	8	 
	Effective Date
	 	 	9	 
	Effective Rate
	 	 	10	 
	Eligible Financial Institution
	 	 	10	 
	Environmental Cutoff Date
	 	 	11	 
	Environmental Laws
	 	 	11	 
	Environmental Losses
	 	 	11	 
	Environmental Report
	 	 	12	 
	ERISA
	 	 	12	 
	ERISA Affiliate
	 	 	12	 
	ERISA Termination Event
	 	 	12	 
	Escrowed Proceeds
	 	 	12	 
	Established Misconduct
	 	 	13	 
	Eurocurrency Liabilities
	 	 	14	 
	Eurodollar Rate Reserve Percentage
	 	 	14	 
	Event of Default
	 	 	14	 
	Excluded Taxes
	 	 	16	 
	Fed Funds Rate
	 	 	18	 
	Fixed Rate
	 	 	18	 
	Fixed Rate Lock
	 	 	18	 
	Fixed Rate Lock Date
	 	 	18	 
	Fixed Rate Lock Termination
	 	 	18	 
	Fixed Rate Lock Termination Date
	 	 	18	 
	Fixed Rate Lock Notice
	 	 	18	 
	Fixed Rate Loss
	 	 	18	 
	Fixed Rate Settlement Amount
	 	 	19	 

(ii)

 

TABLE OF CONTENTS

(Continued)

	 	 	 	 	 
	 	 	Page	 
	Fixed Rate Swap
	 	 	19	 
	Floating Rate Payor
	 	 	19	 
	FOCB Notice
	 	 	19	 
	Force Majeure Event
	 	 	19	 
	Fully Subordinated or Removable
	 	 	19	 
	Funded Construction Allowance
	 	 	20	 
	Funding Advances
	 	 	20	 
	Future Work
	 	 	20	 
	GAAP
	 	 	20	 
	Ground Lease
	 	 	20	 
	Hazardous Substance
	 	 	20	 
	Hazardous Substance Activity
	 	 	21	 
	Improvements
	 	 	21	 
	Increased Commitment
	 	 	21	 
	Increased Funding Commitment
	 	 	21	 
	Increased Time Commitment
	 	 	21	 
	Indebtedness
	 	 	21	 
	Initial Advance
	 	 	23	 
	Initial Lease Balance
	 	 	23	 
	Interested Party
	 	 	23	 
	Interest Rate Swap
	 	 	24	 
	Land
	 	 	24	 
	Lease
	 	 	24	 
	Lease Balance
	 	 	24	 
	Lease Termination Damages
	 	 	24	 
	Liabilities
	 	 	24	 
	LIBOR
	 	 	24	 
	LIBOR Period Election
	 	 	25	 
	Lien
	 	 	26	 
	Liens Removable by BNPPLC
	 	 	26	 
	Local Impositions
	 	 	27	 
	Losses
	 	 	27	 
	Market Quotation
	 	 	28	 
	Maximum Construction Allowance
	 	 	28	 
	Maximum Remarketing Obligation
	 	 	28	 
	Minimum Insurance Requirements
	 	 	28	 
	Multiemployer Plan
	 	 	29	 
	NAI
	 	 	29	 

(iii)

 

TABLE OF CONTENTS

(Continued)

	 	 	 	 	 
	 	 	Page	 
	NAI’s Estimate of Force Majeure Excess Costs
	 	 	29	 
	NAI’s Estimate of Force Majeure Delays
	 	 	29	 
	NAI’s Initial Remarketing Right
	 	 	29	 
	Notice of NAI’s Intent to Terminate
	 	 	29	 
	Notice of NAI’s Intent to Terminate Because of a Force Majeure Event
	 	 	29	 
	Notice of Termination by NAI
	 	 	29	 
	Operative Documents
	 	 	29	 
	Outstanding Construction Allowance
	 	 	29	 
	Owner’s Election to Continue Construction
	 	 	29	 
	Participant
	 	 	29	 
	Participation Agreement
	 	 	30	 
	Period
	 	 	30	 
	Permitted Encumbrances
	 	 	30	 
	Permitted Hazardous Substance Use
	 	 	30	 
	Permitted Hazardous Substances
	 	 	31	 
	Permitted Transfer
	 	 	31	 
	Person
	 	 	32	 
	Personal Property
	 	 	32	 
	Plan
	 	 	32	 
	Pre-lease Casualty
	 	 	32	 
	Pre-lease Force Majeure Delays
	 	 	32	 
	Pre-lease Force Majeure Event
	 	 	32	 
	Pre-lease Force Majeure Event Notice
	 	 	32	 
	Pre-lease Force Majeure Excess Costs
	 	 	33	 
	Pre-lease Force Majeure Losses
	 	 	33	 
	Prime Rate
	 	 	33	 
	Prior Closing Certificate and Agreement
	 	 	33	 
	Prior Common Definitions and Provisions Agreement
	 	 	33	 
	Prior Construction Agreement
	 	 	33	 
	Prior Ground Lease
	 	 	33	 
	Prior Lease
	 	 	33	 
	Prior Operative Documents
	 	 	33	 
	Prior Purchase Agreement
	 	 	34	 
	Prior Work
	 	 	34	 
	Projected Cost Overruns
	 	 	34	 
	Property
	 	 	34	 
	Purchase Agreement
	 	 	34	 
	Purchase Option
	 	 	34	 

(iv)

 

TABLE OF CONTENTS

(Continued)

	 	 	 	 	 
	 	 	Page	 
	Qualified Affiliate
	 	 	34	 
	Qualified Income Payments
	 	 	34	 
	Qualified Prepayments
	 	 	34	 
	Real Property
	 	 	35	 
	Reimbursable Construction-Period Costs
	 	 	35	 
	Remedial Work
	 	 	36	 
	Rent
	 	 	36	 
	Responsible Financial Officer
	 	 	36	 
	Rolling Four Quarters Period
	 	 	36	 
	Scope Change
	 	 	36	 
	Spread
	 	 	36	 
	Subsidiary
	 	 	37	 
	Supplemental Payment
	 	 	37	 
	Supplemental Payment Obligation
	 	 	37	 
	Tangible Personal Property
	 	 	37	 
	Target Completion Date
	 	 	38	 
	Term
	 	 	38	 
	Termination of NAI’s Work
	 	 	38	 
	Third Party Contract
	 	 	38	 
	Third Party Contract/Termination Fees
	 	 	38	 
	Transaction Expenses
	 	 	38	 
	Unfunded Benefit Liabilities
	 	 	38	 
	Upfront Fees
	 	 	38	 
	Work
	 	 	38	 
	Work/Suspension Event
	 	 	38	 
	Work/Suspension Notice
	 	 	38	 
	Work/Suspension Period
	 	 	38	 
	 
	 	 	 	 
	ARTICLE II — SHARED PROVISIONS
	 	 	38	 
	1. Notices
	 	 	39	 
	2. Severability
	 	 	41	 
	3. No Merger
	 	 	41	 
	4. No Implied Waiver
	 	 	41	 
	5. Entire and Only Agreements
	 	 	42	 
	6. Binding Effect
	 	 	42	 
	7. Time is of the Essence
	 	 	42	 
	8. Governing Law
	 	 	42	 

(v)

 

TABLE OF CONTENTS

(Continued)

	 	 	 	 	 
	 	 	Page	 
	9. Paragraph Headings
	 	 	42	 
	10. Negotiated Documents
	 	 	42	 
	11. Terms Not Expressly Defined in an Operative Document
	 	 	42	 
	12. Other Terms and References
	 	 	42	 
	13. Execution in Counterparts
	 	 	43	 
	14. Not a Partnership, Etc
	 	 	44	 
	15. No Fiduciary Relationship Intended
	 	 	44	 
	16. Amendment and Restatement of Prior Agreement
	 	 	44	 

Annexes

	 	 	 	 	 
	 
	 	 	 	 
	Annex 1
	 	ABR Period Election Form
	 
	 	 	 	 
	Annex 2
	 	Fixed Rate Lock Notice Form
	 
	 	 	 	 
	Annex 3
	 	LIBOR Period Election Form
	 
	 	 	 	 
	Annex 4
	 	Minimum Insurance Requirements

(vi)

 

AMENDED AND RESTATED

COMMON DEFINITIONS AND PROVISIONS AGREEMENT

(RTP DATA CENTER)

     This AMENDED AND RESTATED COMMON DEFINITIONS AND PROVISIONS AGREEMENT (RTP DATA CENTER) (this
“Agreement”), dated as of November 29, 2007 (the “Effective Date”), is made by and between BNP
PARIBAS LEASING CORPORATION (“BNPPLC”), a Delaware corporation, and NETWORK APPLIANCE, INC.
(“NAI”), a Delaware corporation.

RECITALS

     Contemporaneously with the execution of this Agreement, NAI and BNPPLC are executing the
Closing Certificate (as defined below), the Ground Lease (as defined below), the Lease (as defined
below), the Construction Agreement (as defined below) and the Purchase Agreement (as defined
below), all of which concern NAI or the Property (as defined below). Each of the Closing
Certificate, the Ground Lease, the Lease, the Construction Agreement and the Purchase Agreement
(together with this Agreement, the “Operative Documents”) are intended to create separate and
independent obligations upon the parties thereto. However, NAI and BNPPLC intend that all of the
Operative Documents share certain consistent definitions and other miscellaneous provisions. To
that end, the parties are executing this Agreement and incorporating it by reference into each of
the other Operative Documents.

AGREEMENTS

ARTICLE I — LIST OF DEFINED TERMS

     Unless a clear contrary intention appears, the following terms will have the respective
indicated meanings as used herein and in the other Operative Documents:

     “97-10/Maximum Permitted Prepayment” has the meaning indicated in the Construction Agreement.

     “97-10/Meltdown Event” has the meaning indicated in the Construction Agreement.

     “97-10/Prepayment” has the meaning indicated in the Construction Agreement.

     “97-10/Project Costs“has the meaning indicated in the Construction Agreement.

     “97-10/Pronouncement” has the meaning indicated in the Construction Agreement.

 

 

     “ABR” means, for any day, a fluctuating rate of interest per annum (rounded upwards, if
necessary, to the next 1/100th of 1%) equal to the higher of (a) the Prime Rate in effect on such
day and (b) the Fed Funds Rate in effect one day prior to such day plus 1/4 of 1% per annum. For
any period (including any Base Rent Period), “ABR” means the average of the ABR for each day during
such period.

     “ABR Period Election” means an election to have the Effective Rate for any Period calculated
by reference to the ABR, rather than by reference to LIBOR or a Fixed Rate. NAI may (subject to the
limitations and qualifications set forth in this definition) make any Period after the first
Construction Period subject to an ABR Period Election by a notice given to BNPPLC in the form
attached as Annex 1 at least five Business Days prior to the commencement of such Period.
After an ABR Period Election becomes effective, it will remain in effect for all subsequent Periods
until the Fixed Rate Lock Date for any Fixed Rate Lock or a different election is made in
accordance with the provisions of this definition and the definition of LIBOR Period Election. In
no event will changes in any ABR Period Election or LIBOR Period Election become effective except
upon the commencement of a new Period. (For purposes of the Operative Documents, an ABR Period
Election for any Period will also be considered in effect on the Effective Date, Advance Date, Base
Rent Commencement Date or Base Rent Date upon which such Period begins.)

     “Active Negligence” of any Person means, and is limited to, the negligent conduct on the
Property (and not mere omissions) by such Person or by others acting and authorized to act on such
Person’s behalf (other than NAI) in a manner that proximately causes actual bodily injury or
property damage for which NAI does not carry (and is not obligated by the Construction Agreement or
the Lease to carry) insurance. “Active Negligence” will not include (1) any negligent failure of
BNPPLC to act when the duty to act would not have been imposed but for BNPPLC’s status as owner of
any interest in the Land, the Improvements or any other Property or as a party to the transactions
described in the Lease or the other Operative Documents, (2) any negligent failure of any other
Interested Party to act when the duty to act would not have been imposed but for such party’s
contractual or other relationship to BNPPLC or participation or facilitation in any manner,
directly or indirectly, of the transactions described in the Lease or other Operative Documents, or
(3) the exercise in a lawful manner by BNPPLC (or any party lawfully claiming through or under
BNPPLC) of any right or remedy provided in or under the Lease or the other Operative Documents.

     “Additional Rent” has the meaning indicated in subparagraph 3(F) of the Lease.

     “Administrative Fees” means the fees identified as such in subparagraph 3(E) of the
Lease and subparagraph 3(A) of the Construction Agreement.

     “Advance Date” means, regardless of whether any Construction Advance is actually

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 2

 

 

made
on such date, the first Business Day of every calendar month, beginning with the first
Business Day in December, 2007 and continuing regularly thereafter to and including the Base
Rent Commencement Date, which will be the last Advance Date.

     “Affiliate” of any Person means any other Person controlling, controlled by or under common
control with such Person. For purposes of this definition, the term “control” when used with
respect to any Person means the power to direct the management of policies of such Person, directly
or indirectly, whether through the ownership of voting securities, by contract or otherwise, and
the terms “controlling” and “controlled” have meanings correlative to the foregoing.

     “After Tax Basis” has the meaning indicated in subparagraph 5(C)(1) of the Lease.

     “Applicable Laws” means any or all of the following, to the extent applicable to BNPPLC, NAI,
the Property or the Operative Documents, after giving effect to the contractual choice of law
provisions in the Operative Documents: restrictive covenants; zoning ordinances and building codes;
flood disaster laws; health, safety and environmental laws and regulations; the Americans with
Disabilities Act and other laws pertaining to disabled persons; and other laws, statutes,
ordinances, rules, permits, regulations, orders, determinations and court decisions.

     “Applicable Purchaser” means any third party designated to purchase BNPPLC’s interest in the
Property and in any Escrowed Proceeds as provided in the Purchase Agreement.

     “Appurtenant Easements” has the meaning indicated in Exhibit A attached to the Ground
Lease.

     “Arrangement Fee” has the meaning indicated in the Construction Agreement.

     “Attorneys’ Fees” means the expenses and reasonable fees of counsel to the parties incurring
the same, including costs or expenses of in-house counsel (whether or not accounted for as general
overhead or administrative expenses) and printing, photostating, duplicating and other expenses,
air freight charges, and fees billed for law clerks, paralegals, librarians and others not admitted
to the bar but performing services under the supervision of an attorney. Such terms will also
include all such expenses and reasonable fees incurred with respect to appeals, arbitrations and
bankruptcy proceedings, and whether or not any manner of proceeding is brought with respect to the
matter for which such fees and expenses were incurred.

     “Balance of Unpaid Construction Period Losses” has the meaning indicated in the Purchase
Agreement.

     “Banking Rules Change” means either: (1) the introduction of or any change after the

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 3

 

 

Effective Date (other than any change by way of imposition or increase of reserve requirements
included in the Eurodollar Rate Reserve Percentage) in any law or regulation applicable to BNPPLC,
BNPPLC’s Parent or any Participant, or in the generally accepted interpretation by the
institutional lending community of any such law or regulation, or in the interpretation of any such
law or regulation asserted by any regulator, court or other governmental authority (other than any
change by way of imposition or increase of reserve requirements included in the Eurodollar Rate
Reserve Percentage) or (2) the compliance by BNPPLC, BNPPLC’s Parent or any Participant with any
new guideline or new request issued after the Effective Date from any central bank or other
governmental authority (whether or not having the force of law).

     “Base Rent” means the rent payable by NAI pursuant to subparagraph 3(A) of the Lease.

     “Base Rent Commencement Date” means the first Business Day of the first calendar month after
the Completion Date.

     “Base Rent Date” means a date upon which Base Rent must be paid under the Lease, all of which
dates will be the first Business Day of a calendar month. The first Base Rent Date will be
determined as follows:

     a) If an ABR Period Election or a LIBOR Period Election of one month is in effect on
the Base Rent Commencement Date, then the first Business Day of the first calendar
month following the Base Rent Commencement Date will be the first Base Rent Date.

     b) If a LIBOR Period Election of three months or six months is in effect on the Base
Rent Commencement Date, then the first Business Day of the third calendar month
following the Base Rent Commencement Date will be the first Base Rent Date.

Each successive Base Rent Date after the first Base Rent Date will be the first Business Day of the
first or third calendar month following the calendar month which includes the preceding Base Rent
Date, determined as follows:

     (1) If an ABR Period Election or a LIBOR Period Election of one month is in effect on a
Base Rent Date, or if a Fixed Rate Lock commences or continues on a Base Rent Date, then the
first Business Day of the first calendar month following such Base Rent Date will be
the next following Base Rent Date.

     (2) If a LIBOR Period Election of three months or longer is in effect on a Base Rent
Date, then the first Business Day of the third calendar month following such Base
Rent Date will be the next following Base Rent Date.

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 4

 

 

Thus, for example, if the Base Rent Commencement Date falls on the first Business Day of
September, 2008 and a LIBOR Period Election of three months commences on the Base Rent Commencement
Date, then the first Base Rent Date will be the first Business Day of December, 2008.

     “Base Rent Period” means a period for which Base Rent must be paid under the Lease, each of
which periods will correspond to the ABR Period Election or LIBOR Period Election for the period
(except when a Fixed Rate Lock continues in effect). The first Base Rent Period will begin on and
include the Base Rent Commencement Date, and each successive Base Rent Period will begin on and
include the Base Rent Date upon which the preceding Base Rent Period ends. Each Base Rent Period,
including the first Base Rent Period, will end on but not include the first or second Base Rent
Date after the Base Rent Date upon which such period began, determined as follows:

     (1) If an ABR Period Election or a LIBOR Period Election of one month or three months
is in effect for a Base Rent Period, or if a Fixed Rate Lock commences or continues on the
first day of the Base Rent Period, then such Base Rent Period will end on but not include
the first Base Rent Date after the Base Rent Date upon which such period began.

     (2) If a LIBOR Period Election of six months is in effect for a Base Rent Period, then
such Base Rent Period will end on but not include the second Base Rent Date after
the Base Rent Date upon which such period began.

The determination of Base Rent Periods can be illustrated by two examples:

     1) If NAI makes a LIBOR Period Election of three months for a hypothetical Base Rent
Period beginning on the first Business Day in January, 2009, then such Base Rent Period will
end on but not include the first Base Rent Date after it begins; that is, such Base Rent
Period will end on but not include the first Business Day in April, 2009, the third calendar
month after January, 2009.

     2) If, however, NAI makes a LIBOR Period Election of six months for the hypothetical
Base Rent Period beginning the first Business Day in January, 2009, then such Base Rent
Period will end on but not include the second Base Rent Date after it begins; that is, the
first Business Day in July, 2009.

     “BNPPLC” means BNPPLC Leasing Corporation, a Delaware corporation.

     “BNPPLC’s Parent” means BNP Paribas, a bank organized and existing under the laws of France,
and any successors of such bank.

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 5

 

 

     “Breakage Costs” means any and all costs, losses or expenses incurred or sustained by
BNPPLC’s Parent (as a Participant or otherwise) or any Participant, for which BNPPLC’s Parent or
the Participant requests reimbursement from BNPPLC, because of:

     (1) the resulting liquidation or redeployment of deposits or other funds that were used
to make or maintain Funding Advances upon application of a Qualified Prepayment or upon any
sale of the Property pursuant to the Purchase Agreement, if such application or sale occurs
on any day other than the last day of a Construction Period or Base Rent Period; or

     (2) the resulting liquidation or redeployment of deposits or other funds that were
reserved to provide a Construction Advance requested by NAI, if and when the Construction
Advance is not made as anticipated, either because NAI declined to accept the Construction
Advance for any reason or because NAI failed to satisfy any of the conditions to such
Construction Advance specified in the Construction Agreement; or

     (3) the resulting liquidation or redeployment of deposits or other funds that were used
to make or maintain Funding Advances upon the acceleration of the end of any Construction
Period or Base Rent Period because of an acceleration of the Designated Sale Date as
described in clauses (2) or (3) of the definition thereof.

Breakage Costs will include, for example, losses on Funding Advances maintained by BNPPLC’s Parent
or any Participant which are attributable to any decline in LIBOR as of the effective date of any
application described in the clause (1) preceding, as compared to the LIBOR used to determine the
Effective Rate then in effect. Each determination of Breakage Costs by BNPPLC’s Parent or by any
Participant, as applicable, will be conclusive and binding upon NAI in the absence of clear and
demonstrable error.

     “Break Even Price” has the meaning indicated in the Purchase Agreement.

     “Business Day” means any day that is (1) not a Saturday, Sunday or day on which commercial
banks are generally closed or required to be closed in New York City, New York, and (2) a day on
which dealings in deposits of dollars are transacted in the London interbank market; provided, that
if such dealings are suspended indefinitely for any reason, “Business Day” will mean any day
described in clause (1).

     “Capital Adequacy Charges” means any additional amounts BNPPLC’s Parent or any Participant
requests BNPPLC to pay as compensation for an increase in required capital as
provided in subparagraph 5(B)(2) of the Lease.

     “Carrying Costs” has the meaning indicated in the Construction Agreement.

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 6

 

 

     “Closing Certificate” means the Amended and Restated Closing Certificate and Agreement
(RTP Data Center) dated as of the Effective Date executed by NAI and BNPPLC, as such Closing
Certificate and Agreement may be extended, supplemented, amended, restated or otherwise modified
from time to time in accordance with its terms.

     “Closing Letter” means the letter agreement dated as of the Effective Date between BNPPLC and
NAI confirming the amount of the Initial Advance and the Transactions Expenses paid from the
Initial Advance.

     “Code” means the Internal Revenue Code of 1986, as amended.

     “Commitment Fees” has the meaning indicated in the Construction Agreement.

     “Common Definitions and Provisions Agreement” means this Agreement, which is incorporated by
reference into each of the other Operative Documents, as this Agreement may be extended,
supplemented, amended, restated or otherwise modified from time to time in accordance with its
terms.

     “Completion Date” has the meaning indicated in the Construction Agreement.

     “Completion Notice” has the meaning indicated in the Construction Agreement.

     “Consolidated Debt for Borrowed Money” has the meaning indicated in subparagraph 3(A)
of the Closing Certificate.

     “Consolidated EBITDA” has the meaning indicated in subparagraph 3(A) of the Closing
Certificate.

     “Constituent Documents” of any entity means the organizational documents pursuant to which
such entity was created and is governed, such as the articles of incorporation and bylaws of a
corporation, the articles of organization and regulations of a limited liability company or the
partnership agreement of a partnership.

     “Construction Advances” has the meaning indicated in the Construction Agreement.

     “Construction Advance Request” has the meaning indicated in the Construction Agreement.

     “Construction Agreement” means the Amended and Restated Construction Agreement (RTP
Data Center) dated as of the Effective Date between BNPPLC and NAI, as such Construction Agreement
may be extended, supplemented, amended, restated or otherwise

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 7

 

 

modified from time to time in
accordance with its terms.

     “Construction Allowance” has the meaning indicated in the Construction Agreement.

     “Construction Period” means each successive period of approximately one month, with the first
Construction Period beginning on and including the Effective Date and ending on but not including
the first Advance Date. Each successive Construction Period after the first Construction Period
will begin on and include the day on which the preceding Construction Period ends and will end on
but not include the next following Advance Date, until the last Construction Period, which will end
on but not include the earlier of the Base Rent Commencement Date or any Designated Sale Date upon
which NAI or any Applicable Purchaser purchases BNPPLC’s interest in the Property pursuant to the
Purchase Agreement.

     “Construction Project” has the meaning indicated in the Construction Agreement.

     “Covered Construction Period Losses” has the meaning indicated in the Construction Agreement.

     “Default” means any event or circumstance which constitutes, or which would with the passage
of time or the giving of notice or both (if not cured within any applicable cure period)
constitute, an Event of Default.

     “Default Rate” means, a floating per annum rate equal to two percent (2%) above ABR, except
that for purposes of computing interest accruing for any period that commences thirty or more days
after the Designated Sale Date on any 97-10/Prepayment, Base Rent or Supplemental Payment that has
become due, but remains to be paid to BNPPLC by NAI, the Default Rate will mean a floating per
annum rate equal to five percent (5%) above ABR. Notwithstanding the foregoing, in no event will
the “Default Rate” at any time exceed the maximum interest rate permitted by Applicable Laws.

     “Defective Work” has the meaning indicated in the Construction Agreement.

     “Designated Sale Date” means the earliest of:

     (1) the date upon which the Term is scheduled to expire as provided in
Paragraph 1(A) of the Lease (i.e., the first Business Day of August, 2014); or

     (2) any Business Day designated as the “Designated Sale Date” for purposes of
this Agreement and the other Operative Documents in an irrevocable, unconditional notice
given by NAI to BNPPLC before any 97-10/Meltdown Event has occurred; provided, that if the
Business Day so designated by NAI as the Designated Sale Date is

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not at least twenty days
after the date of such notice, the notice will be of no effect for purposes of this
definition; and provided, further, that to be effective, any such notice must include an
irrevocable exercise by NAI of the Purchase Option under subparagraph 2(A)(1) of the
Purchase Agreement and thereby obligate NAI to tender payment of the full Break Even Price
to BNPPLC on the Business Day so designated; or

     (3) any Business Day designated as the “Designated Sale Date” for purposes of this
Agreement and the other Operative Documents in a notice given by BNPPLC to NAI:

•    when an Event of Default has occurred and is continuing and after the Completion
Date; or

•    after a 97-10/Meltdown Event or after BNPPLC’s receipt of a Pre-lease Force
Majeure Event Notice from NAI; or

•    following any change in the zoning or other Applicable Laws after the Completion
Date affecting the permitted use or development of the Property that, in BNPPLC’s
judgment, materially reduces the value of the Property; or

•    following any discovery of conditions or circumstances on or about the Property
after the Completion Date, such as the presence of an endangered species, which are
likely to substantially impede the use or development of the Property and thereby,
in BNPPLC’s judgment, materially reduce the value of the Property;

provided, however, that if the Business Day so designated by BNPPLC as the Designated Sale
Date is not at least thirty days after the date of such notice, the notice will be of no
effect for purposes of this definition; or

     (4) the first Business Day after the commencement of any Event of Default described in
clauses (G), (H) or (I) of the definition Event of Default herein that occurs because of any
bankruptcy proceeding instituted by or against NAI, as debtor, under Title 11 of the United
States Code; or

     (5) any date upon which the Lease terminates pursuant to subparagraph 1(B) or
subparagraph 1(C) of the Lease.

     “Effective Date” means November 29, 2007.

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     “Effective Rate” means, for each Period, a per annum rate determined as follows:

     (1) In the case of any Period subject to a LIBOR Period Election, the Effective Rate
will equal the rate per annum determined by dividing (A) LIBOR for such Period, by (B) one
hundred percent (100%) minus the Eurodollar Rate Reserve Percentage for such Period.

     (2) In the case of any Period that is not subject to a LIBOR Period Election, the
Effective Rate will equal the ABR for such Period.

     (3) Notwithstanding the foregoing, for any Base Rent Period that begins on or after the
Fixed Rate Lock Date applicable to a Fixed Rate Lock and that ends before or on the date
such Fixed Rate Lock is terminated as provided in subparagraph 3(C) of the Lease,
the Effective Rate will equal the Fixed Rate.

So long as any LIBOR Period Election remains in effect, as LIBOR or the Eurodollar Rate Reserve
Percentage changes from Period to Period, the Effective Rate will be automatically increased or
decreased, as the case may be, without prior notice to NAI. Also, during any period when no LIBOR
Period Election or Fixed Rate Lock is in effect, as the ABR changes from Period to Period, the
Effective Rate will be automatically increased or decreased, as the case may be, without prior
notice to NAI.

If for any reason BNPPLC determines that it is impossible or unreasonably difficult to determine
the Effective Rate with respect to a given Period in accordance with the foregoing, then the
“Effective Rate” for that Period will equal any published index or per annum interest rate
determined in good faith by BNPPLC to be comparable to LIBOR at the beginning of the first day of
that Period. A comparable interest rate might be, for example, the then existing yield on short
term United States Treasury obligations (as compiled by and published in the then most recently
published United States Federal Reserve Statistical Release H.15(519) or its successor
publication), plus or minus a fixed adjustment based on BNPPLC’s comparison of past eurodollar
market rates to past yields on such Treasury obligations.

     “Eligible Financial Institution” means (a) a commercial bank organized under the laws
of the United States, or any State thereof or the District of Columbia, and having total assets in
excess of $5,000,000,000; (b) a commercial bank organized under the laws of any other country
which is a member of the Organization for Economic Cooperation and Development (“OECD”) or has
concluded special lending arrangements with the International Monetary Fund associated with its
General Arrangements to Borrow, or a political subdivision of any such country, and having total
assets in excess of $5,000,000,000; provided, that such bank is acting through a branch or agency
located in the United States; (c) the central bank of any country which is a member of the OECD;
and (d) a finance company, insurance company or other financial

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institution (whether a corporation,
partnership or other entity, but excluding any savings and loan association) which is engaged in
making, purchasing or otherwise investing in commercial loans in the ordinary course of its
business, and having total assets in excess of $5,000,000,000; provided, however, that in no event
will any bank or other Person qualify as an Eligible Financial Institution at any time when it has
outstanding obligations with a credit rating less than investment grade from Standard & Poor’s, a
division of the McGraw-Hill Companies, or Moody’s Investors Service, Inc. or another nationally
recognized rating service.

     “Environmental Cutoff Date” means the later of the dates upon which (i) the Lease terminates
or NAI’s interests in the Property are sold at foreclosure as provided in Exhibit B
attached to the Lease, or (ii) NAI surrenders possession and control of the Property and ceases to
have interest in the Land or Improvements or rights with respect thereto under any of the Operative
Documents.

     “Environmental Laws” means any and all existing and future Applicable Laws pertaining to
safety, health or the environment, or to Hazardous Substances or Hazardous Substance Activities,
including the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as
amended by the Superfund Amendments and Reauthorization Act of 1986, and the Resource Conservation
and Recovery Act of 1976, as amended by the Used Oil Recycling Act of 1980, the Solid Waste
Disposal Act Amendments of 1980, and the Hazardous and Solid Waste Amendments of 1984.

     “Environmental Losses” means Losses suffered or incurred by BNPPLC or any other
Interested Party, directly or indirectly, relating to or arising out of, based on or as a result of
any of the following: (i) any Hazardous Substance Activity that occurs or is alleged to have
occurred on or prior to the Environmental Cutoff Date; (ii) any violation of any applicable
Environmental Laws relating to the Land or the Property or to the ownership, use, occupancy or
operation thereof that occurs or is alleged to have occurred in whole or in part on or prior to the
Environmental Cutoff Date; (iii) any investigation, inquiry, order, hearing, action, or other
proceeding by or before any governmental or quasi-governmental agency or authority in connection
with any Hazardous Substance Activity that occurs or is alleged to have occurred in whole or in
part on or prior to the Environmental Cutoff Date; or (iv) any claim, demand, cause of action or
investigation, or any action or other proceeding, whether meritorious or not, brought or asserted
against any Interested Party which directly or indirectly relates to, arises from, is
based on, or results from any of the matters described in clauses (i), (ii), or (iii) of this
definition or any allegation of any such matters. For purposes of determining whether Losses
constitute “Environmental Losses,” as the term is used in the Lease, any actual or alleged
Hazardous Substance Activity or violation of Environmental Laws relating to the Land or the
Property will be presumed to have occurred prior to the Environmental Cutoff Date unless NAI
establishes by clear and convincing evidence to the contrary that the relevant Hazardous Substance
Activity or violation of Environmental Laws did not occur or commence prior to the Environmental
Cutoff  Date.

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     “Environmental Report” means the May 2007 Phase I Environmental Assessment by WSP
Environmental Strategies, LLC of 7301 Kit Creek Road, Research Triangle Park, NC.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to
time, together with all rules and regulations promulgated with respect thereto.

     “ERISA Affiliate” means any Person who for purposes of Title IV of ERISA is a member of NAI’s
controlled group, or under common control with NAI, within the meaning of Section 414 of the
Internal Revenue Code, and the regulations promulgated and rulings issued thereunder.

     “ERISA Termination Event” means (a) the occurrence with respect to any Plan of (1) a
reportable event described in Sections 4043(b)(5) or (6) of ERISA or (2) any other reportable event
described in Section 4043(b) of ERISA other than a reportable event not subject to the provision
for thirty-day notice to the Pension Benefit Guaranty Corporation pursuant to a waiver by such
corporation under Section 4043(a) of ERISA, or (b) the withdrawal of NAI or any ERISA Affiliate
from a Plan during a plan year in which it was a “substantial employer” as defined in
Section 4001(a)(2) of ERISA, or (c) the filing of a notice of intent to terminate any Plan or the
treatment of any Plan amendment as a termination under Section 4041 of ERISA, or (d) the
institution of proceedings to terminate any Plan by the Pension Benefit Guaranty Corporation under
Section 4042 of ERISA, or (e) any other event or condition which might constitute grounds under
Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any
Plan.

     “Escrowed Proceeds” means, subject to the exclusions specified in the next sentence,
any money that is received by BNPPLC from time to time during the Term (and any interest earned
thereon) from any party (1) under any property insurance policy as a result of damage to the
Property, (2) as compensation for any restriction imposed by any Governmental Authority upon the
use or development of the Property or for the condemnation of the Property or any portion thereof
(including any indirect condemnation by means of a taking of any of the Land or appurtenant
easements), (3) because of any judgment, decree or award for physical damage to the
Property or (4) as compensation under any title insurance policy or otherwise as a result of
any title defect or claimed title defect with respect to the Property; provided, however, in
determining the amount of “Escrowed Proceeds” there will be deducted all expenses and costs of
every type, kind and nature (including Attorneys’ Fees) incurred by BNPPLC to collect such
proceeds. Notwithstanding the foregoing, “Escrowed Proceeds” will not include (A) any payment to
BNPPLC by a Participant or an Affiliate of BNPPLC that is made to compensate BNPPLC for the
Participant’s or Affiliate’s share of any Losses BNPPLC may incur as a result of any of the events
described in the preceding clauses (1) through (4), (B) any money or proceeds that have

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been
applied as a Qualified Prepayment or to pay any Breakage Costs, Fixed Rate Settlement Amount or
other costs incurred in connection with a Qualified Prepayment, (C) any money or proceeds that,
after no less than ten days notice to NAI, BNPPLC returns or pays to a third party because of
BNPPLC’s good faith belief that such return or payment is required by law, (D) any money or
proceeds paid by BNPPLC to NAI or offset against any amount owed by NAI, or (E) any money or
proceeds used by BNPPLC in accordance with the Lease for repairs or the restoration of the Property
or to obtain development rights or the release of restrictions that will inure to the benefit of
future owners or occupants of the Property. Until Escrowed Proceeds are paid to NAI pursuant to
Paragraph 10 of the Lease, transferred to a purchaser under the Purchase Agreement as
therein provided or applied as a Qualified Prepayment or as otherwise described in the preceding
sentence, BNPPLC will keep the same deposited in one or more interest bearing accounts, and all
interest earned on such account will be added to and made a part of Escrowed Proceeds.

     “Established Misconduct” of a Person means, and is limited to:

     (1) if the Person is bound by the Operative Documents or the Participation Agreement,
conduct of such Person that constitutes a breach by it of the express provisions of the
Operative Documents or the Participation Agreement, as applicable, and that continues beyond
any period for cure provided therein, as determined in or as a necessary element of a final
judgment rendered against such Person by a court with jurisdiction to make such
determination, and

     (2) conduct of such Person or its Affiliates that has been determined to constitute
willful misconduct or Active Negligence in or as a necessary element of a final judgment
rendered against such Person by a court with jurisdiction to make such determination.

In no event, however, will Established Misconduct include actions of any Person undertaken
in good faith to mitigate Losses that such Person may suffer because of a breach or repudiation by
NAI of any of the Operative Documents. Further, negligence other than Active Negligence will not
in any event constitute Established Misconduct. For purposes of this definition, “conduct of
a Person” will consist of (1) the conduct of any employee of that Person to the extent (and only to
the extent) that the employee is acting within the scope of his employment by that Person, and (2)
the conduct of an agent of that Person (such as an independent environmental consultant engaged by
that Person), but only to the extent that the agent is (a) acting within the scope of the authority
granted to him by such Person, and (b) neither NAI nor acting with the consent or approval of or at
the request of or under the direction of NAI or NAI’s Affiliates, employees or agents. Established
Misconduct of one Interested Party will not be attributed to a second Interested Party unless the
second Interested Party is an Affiliate of the first, and it is understood that BNPPLC has not been
authorized, and nothing in the Participation Agreement will be construed as

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authorizing BNPPLC, to
act as an “agent” for any Participant as the term is used in this definition.

     “Eurocurrency Liabilities” has the meaning indicated in Regulation D of the Board of Governors
of the Federal Reserve System, as in effect from time to time.

     “Eurodollar Rate Reserve Percentage” means, for purposes of determining the Effective Rate for
any Period, the reserve percentage applicable two Business Days before the first day of such Period
under regulations issued from time to time by the Board of Governors of the Federal Reserve System
(or any successor) for determining the maximum reserve requirement (including any emergency,
supplemental or other marginal reserve requirement) for BNPPLC’s Parent with respect to liabilities
or deposits consisting of or including Eurocurrency Liabilities (or with respect to any other
category or liabilities by reference to which LIBOR is determined) having a term comparable to such
Period.

     “Event of Default” means any of the following:

     (A) NAI fails to pay when due any installment of Base Rent or Administrative Fees required by
the Lease, and such failure continues for three Business Days after NAI is notified in writing
thereof.

     (B) NAI fails to pay the full amount of any 97-10/Prepayment when due as provided in the
Construction Agreement or fails to pay the full amount of any Supplemental Payment as provided in
the Purchase Agreement on the Designated Sale Date.

     (C) NAI fails to pay when first due any amount required by the Operative Documents (other than
Base Rent or Administrative Fees required as provided in the Lease, any 97-10/Prepayment required
as provided in the Construction Agreement or any Supplemental Payment required as provided in the
Purchase Agreement) and such failure continues for ten Business Days after NAI is notified thereof.

     (D) NAI fails to cause any representation or warranty of NAI contained in any of the Operative
Documents that was false or misleading in any material respect when made to be made true and not
misleading (other than as described in the other clauses of this definition), or NAI fails to
comply with any provision of the Operative Documents (other than as described in the other clauses
of this definition), and in either case does not cure such failure prior to the earlier of (A)
thirty days after notice thereof is given to NAI or (B) the date any writ or order is issued for
the levy or sale of any property owned by BNPPLC (including the Property) or any criminal
prosecution is instituted or overtly threatened against BNPPLC or any of its directors, officers or
employees because of such failure; provided, however, that so long as no such writ or order is
issued and no such criminal prosecution is instituted or overtly threatened, the period within

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which such failure may be cured by NAI will be extended for a further period (not to exceed an
additional one hundred twenty days) as is necessary for the curing thereof with diligence, if (but
only if) (x) such failure is susceptible of cure but cannot with reasonable diligence be cured
within such thirty day period, (y) NAI promptly commences to cure such failure and thereafter
continuously prosecutes the curing thereof with reasonable diligence and (z) the extension of the
period for cure will not, in any event, cause the period for cure to extend to or beyond the
Designated Sale Date.

     (E) NAI abandons any material part of the Property.

     (F) NAI or any Subsidiary of NAI fails to pay any principal of or premium or interest on any of
its Indebtedness which is outstanding in a principal amount of at least $25,000,000 when the same
becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand
or otherwise), and such failure continues after the applicable grace period, if any, specified in
the agreement or instrument relating to such Indebtedness; or any other event occurs or condition
exists under any agreement or instrument relating to any such Indebtedness and continues after the
applicable grace period, if any, specified in such agreement or instrument, if the effect of such
event or condition is to accelerate the maturity of such Indebtedness; or any such Indebtedness is
declared by the creditor to be due and payable, or required to be prepaid (other than by a
regularly scheduled required prepayment), redeemed, purchased or defeased, or an offer to prepay,
redeem, purchase or defease such Indebtedness is required to be made, in each case prior to the
stated maturity thereof.

     (G) NAI or any Subsidiary of NAI is generally not paying its debts as such debts become due, or
admits in writing its inability to pay its debts generally, or makes a general assignment for the
benefit of creditors; or any proceeding is instituted by or against NAI or any Subsidiary of NAI
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, custodian 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), either such proceeding
remains undismissed or unstayed for a period of sixty consecutive days, or any of the actions
sought in such proceeding (including the entry of an order for relief against, or the appointment
of a receiver, trustee, custodian or other similar official for, it or for any substantial part of
its property) occurs; or NAI or any Subsidiary of NAI takes any corporate action to authorize any
of the actions set forth above in this clause.

     (H) Any order, judgment or decree is entered in any proceedings against NAI or any of NAI’s
Subsidiaries decreeing its dissolution and such order, judgment or decree remains unstayed and in
effect for more than sixty days.

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     (I) Any order, judgment or decree is entered in any proceedings against NAI or any of
NAI’s Subsidiaries decreeing a divestiture of any of assets that represent a substantial part, or
the divestiture of the stock of any of NAI’s Subsidiaries whose assets represent a substantial
part, of the total assets of NAI and its Subsidiaries (determined on a consolidated basis in
accordance with GAAP) or which requires the divestiture of assets, or stock of any of NAI’s
Subsidiaries, which have contributed a substantial part of the net income of NAI and its
Subsidiaries (determined on a consolidated basis in accordance with GAAP) for any of the three
fiscal years then most recently ended, and such order, judgment or decree remains unstayed and in
effect for more than sixty days.

     (J) A judgment or order for the payment of money in an amount (not covered by insurance) which
exceeds $25,000,000 is rendered against NAI or any of NAI’s Subsidiaries and either (i)
enforcement proceedings is commenced by any creditor upon such judgment, or (ii) within thirty days
after the entry thereof, such judgment or order is not discharged or execution thereof stayed
pending appeal, or within thirty days after the expiration of any such stay, such judgment is not
discharged.

     (K) Any ERISA Termination Event occurs that BNPPLC determines in good faith would constitute
grounds for a termination of any Plan or for the appointment by the appropriate United States
district court of a trustee to administer any Plan and such ERISA Termination Event is continuing
thirty days after notice to such effect is given to NAI by BNPPLC, or any Plan is terminated, or a
trustee is appointed by a United States district court to administer any Plan, or the Pension
Benefit Guaranty Corporation institutes proceedings to terminate any Plan or to appoint a trustee
to administer any Plan.

     (L) NAI enters into any transaction which would cause any of the Operative Documents or any
other document executed in connection herewith (or any exercise of BNPPLC’s rights hereunder or
thereunder) to constitute a non-exempt prohibited transaction under ERISA.

     (M) NAI fails to comply with the financial covenants set forth in subparagraph 3(C) of the
Closing Certificate.

     (N) Any Change in Control (as defined in subparagraph 3(A) of the Closing Certificate) shall
occur.

     “Excluded Taxes” means:

     (A) taxes upon or measured by net income to the extent such taxes are payable in respect of
Base Rent or other Qualified Income Payments;

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     (B) transfer or change of ownership taxes assessed because of BNPPLC’s transfer or
conveyance to any third party of any rights or interest in the Improvements Lease, the Purchase
Agreement or the Property (other than any such taxes assessed because of any Permitted Transfer
under clauses (1), (4) or (5) of the definition of Permitted Transfer in this Agreement);

     (C) federal, state and local income taxes upon any amounts paid as reimbursement for or to
satisfy Losses incurred by BNPPLC or any Participant to the extent, but only to the extent, such
taxes are offset by a corresponding reduction of BNPPLC’s or the applicable Participant’s income
taxes which are not otherwise subject to reimbursement or indemnification by NAI because of
BNPPLC’s or such Participant’s deduction of the reimbursed Losses from its taxable income or
because of any tax credits attributable thereto;

     (D) income taxes that are (i) payable by BNPPLC in respect of any Qualified Prepayment or any
net sales proceeds paid to BNPPLC upon a sale of the Property because of Forced Recharacterization
as described in subparagraph 4(C)(3) of the Lease, and (ii) offset in the same taxable period by a
reduction in the taxes of BNPPLC which are not otherwise subject to reimbursement or
indemnification by NAI resulting from depreciation deductions or other tax benefits available to
BNPPLC only because of the refusal of the tax authorities to treat the Lease and other Operative
Documents as a financing arrangement;

     (E) any withholding taxes that subparagraph 13(A) of the Lease excuses NAI from paying
or requires BNPPLC to pay; and

     (F) any franchise taxes payable by BNPPLC, but only to the extent that such franchise taxes
would be payable by BNPPLC even if the transactions contemplated by the Lease and the other
Operative Documents were characterized for tax purposes as a mere financing arrangement and not as
a lease or sale.

It is understood that if tax rates used to calculate income taxes which constitute Excluded Taxes
under clause (1) of this definition are increased, the resulting increase will not be subject to
reimbursement or indemnification by NAI. If, however, a change in Applicable Laws after the
Effective Date, as applied to the transactions contemplated by the Operative Documents on a
stand-alone basis, results in an increase in such income taxes for any reason other than an
increase in the applicable tax rates (e.g., a disallowance of deductions that would otherwise be
available against payments described in clause (1) of this definition), then for purposes of the
Operative Documents, the term “Excluded Taxes” will not include the actual increase in such taxes
attributable to the change. Accordingly, BNPPLC or any Participant may recover any such net
increase from NAI pursuant to subparagraph 5(B) of the Lease.

It is also understood that nothing in this definition of “Excluded Taxes” will prevent any
Original Indemnity Payment (as defined in subparagraph 5(C)(1) of the Lease) from being paid on an

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After Tax Basis.

     “Fed Funds Rate” means, for any period, a fluctuating interest rate (expressed as a per annum
rate and rounded upwards, if necessary, to the next 1/16 of 1%) equal on 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 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 rates are not so published for any day which is a Business Day, the average
of the quotations for each day during such period on such transactions received by BNPPLC’s Parent
from three Federal funds brokers of recognized standing selected by BNPPLC’s Parent.

     “Fixed Rate” means the fixed rate of interest established by BNPPLC’s execution of an Interest
Rate Swap as described in subparagraph 3(B)(4) of the Lease.

     “Fixed Rate Lock” has the meaning assigned to it in subparagraph 3(B)(4) of the Lease.

     “Fixed Rate Lock Date” has the meaning assigned to it in subparagraph 3(B)(4) of the
Lease.

     “Fixed Rate Lock Termination” means any termination in whole or in part of the Fixed Rate Swap
as described in the first and second sentences of subparagraph 3(C) of the Lease.

     “Fixed Rate Lock Termination Date” means the date upon which a Fixed Rate Lock Termination is
effective. In the case of a Fixed Rate Lock Termination that results from BNPPLC’s receipt of a
Qualified Prepayment, the date such Qualified Prepayment is applied to reduce the Lease Balance
will constitute the Fixed Rate Lock Termination Date. In the case of
any Fixed Rate Lock Termination resulting from an acceleration of the Designated Sale Date as
provided in clauses (2) or (3) the definition thereof in this Agreement, the Fixed Rate Lock
Termination Date will constitute the Designated Sale Date.

     “Fixed Rate Lock Notice” has the meaning assigned to it in subparagraph 3(B)(4) of the
Lease, which includes a reference to the form attached as Annex 2.

     “Fixed Rate Loss” means an amount reasonably determined in good faith by the Floating
Rate Payor to be its total losses and costs in connection with any Fixed Rate Lock Termination.
Fixed Rate Loss will include any loss of bargain, cost of funding or, at the election of the
Floating Rate Payor but without duplication, loss or cost incurred as a result of its terminating,
liquidating, obtaining or reestablishing any hedge or related trading position. The Floating Rate
Payor will be expected to determine the Fixed Rate Loss as of the date of the relevant Fixed Rate
Lock Termination Date, or, if that is not reasonably practicable, as of the earliest date thereafter

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as is reasonably practicable. The Floating Rate Payor may (but need not) determine its
Fixed Rate Loss by reference to quotations of relevant rates or prices from one or more leading
dealers in the relevant markets.

     “Fixed Rate Settlement Amount” means, with respect to any Fixed Rate Lock Termination:

(a) the Market Quotation for such Fixed Rate Lock Termination, if a Market Quotation can be
determined and if (in the reasonable belief of the Floating Rate Payor as the party making
the determination) determining a Market Quotation would produce a commercially reasonable
result; or

(b) the Fixed Rate Loss, if any, for such Fixed Rate Lock Termination if a Market Quotation
cannot be determined or would not (in the reasonable belief of the Floating Rate Payor as
the party making the determination) produce a commercially reasonable result.

     “Fixed Rate Swap” has the meaning assigned to it in subparagraph 3(B)(4) of the Lease.

     “Floating Rate Payor” means BNP Paribas or any successor or assign of BNP Paribas under an
Interest Rate Swap.

     “FOCB Notice” has the meaning indicated in the Construction Agreement.

     “Force Majeure Event” has the meaning indicated in the Construction Agreement.

     “Fully Subordinated or Removable” means, with respect to any Lien encumbering the Land or any
appurtenant easement, that such Lien is, either by operation of Applicable Laws or by the express
terms of documents which grant or create such Lien:

     (1) fully subject and subordinate to the Ground Lease and to all rights and property
interests of BNPPLC under the Operative Documents; or

     (2) subject to release and removal by BNPPLC or any subsequent owner of the Property at
any time after a Designated Sale Date without any requirement that BNPPLC or the subsequent
owner compensate the holder of such Lien or make any other significant payment in connection
with such release and removal;

provided, however, a Lien will not qualify as Fully Subordinated or Removable under clause
(1) preceding if a purchase of the Land by BNPPLC pursuant to the purchase option set forth in the
Ground Lease (as such option may be modified from time to time by agreement of lessor and

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lessee
under the Ground Lease) will not, by operation of law or the express agreement of the holder of the
Lien, effectively cut off and terminate such Lien insofar as it applies to or affects the
Improvements and the Land purchased by BNPPLC; and, provided further, a Lien will not qualify as
Fully Subordinated or Removable under clause (2) preceding if it provides or includes a power of
sale or other right or remedy in favor of the holder of such Lien which could result in a
foreclosure sale or other forfeiture of BNPPLC’s rights or interests under the Ground Lease or in
the Property.

     “Funded Construction Allowance” has the meaning indicated in the Construction Agreement.

     “Funding Advances” means all advances made by BNPPLC’s Parent or any Participant to or on
behalf of BNPPLC to allow BNPPLC to make the Initial Advance and to provide the Construction
Allowance or maintain its investment in the Property.

     “Future Work” has the meaning indicated in the Construction Agreement.

     “GAAP” means generally accepted accounting principles in the United States of America as in
effect from time to time, applied on a basis consistent with those used in the preparation of the
financial statements referred to in subparagraph 2(A)(4) of the Closing Certificate (except
for changes with which NAI’s independent public accountants concur).

     “Governmental Authority” means (1) the United States, the state, the county, the municipality,
and any other political subdivision in which the Land is located, and (2) any other nation, state
or other political subdivision or agency or instrumentality thereof having or asserting
jurisdiction over NAI or the Property.

     “Ground Lease” means the Amended and Restated Ground Lease (RTP Data Center) dated as of the
Effective Date, under which the Land is leased from NAI to BNPPLC, as such Ground Lease may be
extended, supplemented, amended, restated or otherwise modified from time to time in accordance
with its terms.

     “Hazardous Substance” means (i) any chemical, compound, material, mixture or substance
that is now or hereafter defined or listed in, regulated under, or otherwise classified pursuant
to, any Environmental Laws as a “hazardous substance,” “hazardous material,” “hazardous waste,”
“extremely hazardous waste or substance,” “infectious waste,” “toxic substance,” “toxic pollutant,”
or any other formulation intended to define, list or classify substances by reason of deleterious
properties, including ignitability, corrosiveness, reactivity, carcinogenicity, toxicity or
reproductive toxicity; (ii) petroleum, any fraction of petroleum, natural gas, natural gas liquids,
liquified natural gas, synthetic gas usable for fuel (or mixtures of natural gas and such synthetic
gas), and ash produced by a resource recovery facility utilizing a

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municipal solid waste stream,
and drilling fluids, produced waters and other wastes associated with the exploration, development
or production of crude oil, natural gas or geothermal resources; (iii) asbestos and any asbestos
containing material; and (iv) any other material that, because of its quantity, concentration or
physical or chemical characteristics, is the subject of regulation under Applicable Law or poses a
significant present or potential hazard to human health or safety or to the environment if released
into the workplace or the environment.

     “Hazardous Substance Activity” means any actual, proposed or threatened use, storage, holding,
release (including any spilling, leaking, leaching, pumping, pouring, emitting, emptying, dumping,
disposing into the environment, and the continuing migration into or through soil, surface water,
groundwater or any body of water), discharge, deposit, placement, generation, processing,
construction, treatment, abatement, removal, disposal, disposition, handling or transportation of
any Hazardous Substance from, under, in, into or on Land or the Property, including the movement or
migration of any Hazardous Substance from surrounding property, surface water, groundwater or any
body of water under, in, into or onto the Property and any resulting residual Hazardous Substance
contamination in, on or under the Property. “Hazardous Substance Activity” also means any existence
of Hazardous Substances on the Property that would cause the Property or the owner or operator
thereof to be in violation of, or that would subject the Land or the Property to any remedial
obligations under, any Environmental Laws, assuming disclosure to the applicable Governmental
Authorities of all relevant facts, conditions and circumstances pertaining to the Property.

     “Improvements” means any and all (1) buildings and other real property improvements previously
or hereafter erected on the Land, and (2) equipment (e.g., HVAC systems, elevators
and plumbing fixtures) attached to the buildings or other real property improvements, the
removal of which would cause structural or other material damage to the buildings or other real
property improvements or would materially and adversely affect the value or use of the buildings or
other real property improvements.

     “Increased Commitment” has the meaning indicated in the Construction Agreement.

     “Increased Funding Commitment” has the meaning indicated in the Construction Agreement.

     “Increased Time Commitment” has the meaning indicated in the Construction Agreement.

     “Indebtedness” of any Person means (without duplication of any item) Liabilities of such
Person in any of the following categories:

     (A) Liabilities for borrowed money;

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     (B) Liabilities constituting an obligation to pay the deferred purchase price of
property or services;

     (C) Liabilities evidenced by a bond, debenture, note or similar instrument;

     (D)
Liabilities which (1) would under GAAP be shown on such Person’s balance sheet as a
liability, and (2) are payable more than one year from the date of creation thereof (other
than reserves for taxes and reserves for contingent obligations);

     (E) Liabilities constituting principal under leases capitalized in accordance with GAAP;

     (F) Liabilities arising under conditional sales or other title retention agreements;

     (G) Liabilities owing under direct or indirect guaranties of Liabilities of any other
Person or otherwise constituting obligations to purchase or acquire or to otherwise protect
or insure a creditor against loss in respect of Liabilities of any other Person (such as
obligations under working capital maintenance agreements, agreements to keep-well, or
agreements to purchase Liabilities, assets, goods, securities or services), but excluding
endorsements in the ordinary course of business of negotiable instruments in the course of
collection;

     (H) Liabilities (for example, repurchase agreements, mandatorily redeemable preferred
stock and sale/leaseback agreements) consisting of an obligation to purchase or redeem
securities or other property, if such Liabilities arises out of or in connection with the
sale or issuance of the same or similar securities or property;

     (I) Liabilities with respect to letters of credit or applications or reimbursement
agreements therefor;

     (J) Liabilities with respect to payments received in consideration of oil, gas, or other
commodities yet to be acquired or produced at the time of payment (including obligations
under “take-or-pay” contracts to deliver gas in return for payments already received and the
undischarged balance of any production payment created by such Person or for the creation of
which such Person directly or indirectly received payment);

     (K) Liabilities with respect to other obligations to deliver goods or services in
consideration of advance payments therefor; or

     (L) Liabilities under any “synthetic” or other lease of property or related

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documents (including a separate purchase agreement) which obligate such Person or any of its
Affiliates (whether by purchasing or causing another Person to purchase any interest in the
leased property or otherwise) to guarantee a minimum residual value of the leased property
to the lessor.

For purposes of this definition, the amount of Liabilities described in the last clause of the
preceding sentence with respect to any lease classified according to GAAP as an “operating lease,”
will equal the sum of (1) the present value of rentals and other minimum lease payments required in
connection with such lease [calculated in accordance with SFAS 13 and other GAAP relevant to the
determination of the whether such lease must be accounted for as an operating lease or capital
lease], plus (2) the fair value of the property covered by the lease; except that such amount will
not exceed the price, as of the date a determination of Indebtedness is required hereunder, for
which the lessee can purchase the leased property pursuant to any valid ongoing purchase option if,
upon such a purchase, the lessee will be excused from paying rentals or other minimum lease
payments that would otherwise accrue after the purchase.

Notwithstanding the foregoing, the “Indebtedness” of any Person will not include Liabilities that
were incurred by such Person on ordinary trade terms to vendors, suppliers, or other Persons
providing goods and services for use by such Person in the ordinary course of its business, unless
and until such Liabilities are outstanding more than 90 days past the original invoice or billing
date therefor.

     “Initial Advance” has the meaning indicated in the Construction Agreement.

     “Initial Lease Balance” means $2,168,974.39. Such amount equals the Lease Balance outstanding
under and as defined in the Prior Operative Documents immediately before the execution of the
Operative Documents, which amend and restate the Prior Operative Documents.

     “Interested Party” means each of following Persons and their Affiliates: (1) BNPPLC and its
successors and permitted assigns as to the Property or any part thereof or any interest therein,
(2) BNPPLC’s Parent, and (3) the Participants and their successors and permitted assigns under the
Participation Agreement; provided, however, none of the following Persons will constitute an
Interested Party: (a) any Person to whom BNPPLC may transfer an interest in the Property by a
conveyance that is not a Permitted Transfer and others that cannot lawfully claim an interest in
the Property except through or under a transfer by such a Person, (b) NAI and its Affiliates, (c)
any Person claiming through or under a conveyance made by NAI after any purchase by NAI of BNPPLC’s
interest in the Property pursuant to the Purchase Agreement, or (d) any Applicable Purchaser
designated by NAI under the Purchase Agreement who purchases the Property pursuant to a sale
arranged by NAI and any Person that cannot lawfully claim an interest in the Property except
through or under a conveyance from such an Applicable Purchaser.

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     “Interest Rate Swap” means an interest rate exchange transaction, entered into between
BNPPLC, as the fixed rate payor, and BNP Paribas, as the swap counterparty and floating rate payor,
under the then most recent form of Master Agreement published by the International Swaps and
Derivatives Association, Inc., as supplemented by the definitions and such schedules, annexes,
exhibits and supplements as are agreed upon by the parties thereto, pursuant to which BNP Paribas
agrees to pay monthly to BNPPLC a floating rate of interest equal to LIBOR and BNPPLC agrees to pay
monthly to BNP Paribas a fixed rate of interest for a term that commences on the Fixed Rate Lock
Date and ends on the last day of the scheduled Term of the Lease. The notional principal amount
used for any such interest rate exchange transaction will equal the Lease Balance calculated as of
the date such transaction is entered into.

     “Land” means the land described in Exhibit A attached to the Closing Certificate, the
Lease, the Ground Lease and the Purchase Agreement.

     “Lease” means the Amended and Restated Lease Agreement (RTP Data Center) dated as of the
Effective Date between BNPPLC, as landlord, and NAI, as tenant, pursuant to which NAI has agreed to
lease BNPPLC’s interest in the Property, as such Lease Agreement may be extended, supplemented,
amended, restated or otherwise modified from time to time in accordance with its terms.

     “Lease Balance” as of any date means the amount equal to the sum of the Initial Lease
Balance, plus the Initial Advance, plus the sum of all Construction Advances, Carrying Costs
and other amounts added to the Outstanding Construction Allowance as provided in the Construction
Agreement on or prior to such date, minus all funds actually received by BNPPLC and applied as
Qualified Prepayments on or prior to such date. Under no circumstances will any payment of Base
Rent or other Qualified Income Payments reduce the Lease Balance.

     “Lease Termination Damages” has the meaning indicated in subparagraph 15(A)(3)(c) of
the Lease.

     “Liabilities” means, as to any Person, all indebtedness, liabilities and obligations of such
Person, whether matured or unmatured, liquidated or unliquidated, primary or secondary, direct or
indirect, absolute, fixed or contingent, and whether or not required to be considered pursuant to
GAAP.

     “LIBOR” means, for purposes of determining the Effective Rate for any Period, the per annum
rate equal to:

     (a) the offered rate for deposits in U.S. dollars as of approximately 11:00 a.m.,
London time, on the day that is two London Banking Days (hereinafter defined) prior to the
day upon which such Period begins (the “Reset Date”), as reported:

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     (1) on Reuters Screen LIBOR01 page (or any replacement page or pages on
which London interbank rates of major banks for U.S. dollars are displayed) by the
Reuters service; or

     (2) on Moneyline Telerate Page 3750, British Bankers Association Interest
Settlement Rates, or another news page selected by BNPPLC’s Parent if the Reuters
Screen LIBOR01 page is removed from the Reuters system or changed such that, in the
opinion of BNPPLC’s Parent, the interest rates shown on it no longer represent the
same kind of interest rates as when the Operative Documents were executed; or

     (b) if such offered rate is for any reason unavailable, the rate per annum determined
by BNPPLC’s Parent on the basis of rates offered for deposits in U.S. dollars by four major
banks in the London interbank market selected by BNPPLC’s Parent (“Reference Banks”) at
approximately 11:00 a.m., London time, on the day that is two London Banking Days preceding
the Reset Date to prime banks in the London interbank market for a period corresponding as
nearly as possible to the applicable Period. ( If this clause (b) applies, BNPPLC’s Parent
will request the principal London office of each of the Reference Banks to provide a
quotation of its rate. If at least two quotations are provided, “LIBOR” will be the
arithmetic mean of the quotations. If, however, fewer than
two quotations are provided, “LIBOR” will be the arithmetic mean of the rates quoted by
major banks in New York selected by BNPPLC’s Parent, at approximately 11:00 a.m., New York
time, on the Reset Date for loans in U.S. dollars to leading U.S. banks for a period
corresponding as nearly as possible to the applicable Period.)

As used in this definition, “London Banking Day” means any day on which commercial banks are open
for general business (including dealings in foreign exchange and foreign currency deposits) in
London, England.

     “LIBOR Period Election” means an election to have the Effective Rate for any Period
calculated by reference to LIBOR, rather than by reference to the ABR or the Fixed Rate, and to
have such period extend for approximately one month, three months or six months. The first
Construction Period will be subject to a LIBOR Period Election of one month; and, subject to the
limitations and qualifications set forth in this definition, NAI may make any subsequent Period
subject to a LIBOR Period Election by a notice given to BNPPLC in the form attached as
Annex 3 at least five Business Days prior to the commencement of such Period. After a
LIBOR Period Election becomes effective, it will remain in effect for all subsequent Periods until
a different election is made in accordance with the provisions of this definition and the
definition of ABR Period Election above. (For purposes of the Construction Agreement and the Lease
a LIBOR Period Election for any Period will also be considered the LIBOR Period Election in effect
on the Effective Date, Advance Date, Base Rent Commencement Date or Base Rent Date

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upon which such
Period begins.) Notwithstanding the foregoing:

	 	•	 	No LIBOR Period Election for a period of more than one month will be effective
prior to the Completion Date.
	 
	 	•	 	No LIBOR Period Election will be effective that would cause a Base Rent Period
to extend beyond the end of the scheduled Term or beyond a Fixed Rate Lock Date.
	 
	 	•	 	No LIBOR Period Election will commence or continue during any period that
begins on or after the Fixed Rate Lock Date applicable to a Fixed Rate Lock and that
ends before or on the date such Fixed Rate Lock is terminated as provided in
subparagraph 3(C) of the Lease.
	 
	 	•	 	Changes in any ABR Period Election or LIBOR Period Election will become
effective only upon the commencement of a new Period.
	 
	 	•	 	In the event BNPPLC determines that it would be unlawful (or any central bank
or governmental authority asserts that it would be unlawful) for BNPPLC,
BNPPLC’s Parent or any Participant to provide or maintain Funding Advances during a
Period if the Carrying Costs or Base Rent accrued during such Period at a rate based
upon LIBOR, NAI will be deemed to have made such Period subject to an ABR Period
Election, not a LIBOR Period Election.
	 
	 	•	 	If for any reason (including BNPPLC’s receipt of a notice from NAI purporting
to make a LIBOR Period Election that is contrary to the foregoing provisions), BNPPLC
is unable to determine with certainty whether a particular Period is subject to a
specific LIBOR Period Election of one month, three months or six months, or if any
Event of Default has occurred and is continuing on the third Business Day preceding the
commencement of a particular Period, NAI will be deemed to have made an ABR Period
Election for that particular Period.

     “Lien” means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind
(including any agreement to give any of the foregoing, any conditional sale or other title
retention agreement, any lease in the nature thereof, any agreement to sell receivables with
recourse, and the filing of or agreement to give any financing statement under the Uniform
Commercial Code of any jurisdiction).

     “Liens Removable by BNPPLC” means, and is limited to, Liens encumbering the Property
that are asserted (1) other than as contemplated in the Operative Documents, by BNPPLC itself or by
BNPPLC’s Parent, (2) by third parties lawfully claiming through or under

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BNPPLC (which for purposes
of the Operative Documents will include any judgment liens established against the Property because
of a judgment rendered against BNPPLC and will also include any liens established against the
Property to secure past due Excluded Taxes), or (3) by third parties claiming under a deed or other
instrument duly executed by BNPPLC; provided, however, Liens Removable by BNPPLC will not include
(A) any Permitted Encumbrances (regardless of whether claimed through or under BNPPLC), (B) the
Operative Documents or any other document executed by BNPPLC with the knowledge of (and without
objection by) NAI or NAI’s counsel contemporaneously with the execution and delivery of the
Operative Documents, (C) Liens which are neither lawfully claimed through or under BNPPLC (as
described above) nor claimed under a deed or other instrument duly executed by BNPPLC, (D) Liens
claimed by NAI or claimed through or under a conveyance made by NAI other than NAI’s conveyance of
the leasehold estate to BNPPLC under the Ground Lease, (E) Liens arising because of BNPPLC’s
compliance with Applicable Law, the Operative Documents, Permitted Encumbrances or any written
request made by NAI, (F) Liens securing the payment of property taxes or other amounts assessed
against the Property by any Governmental Authority, other than to secure the payment of past due
Excluded Taxes or to secure damages caused by (and attributed by any applicable principles of
comparative fault to) BNPPLC’s own Established Misconduct, (G) Liens resulting from or arising in
connection with any breach by NAI of the Operative Documents; or (H) Liens
resulting from or arising in connection with any Permitted Transfer that occurs more than
thirty days after any Designated Sale Date upon which, for any reason, NAI or any Applicable
Purchaser does not purchase BNPPLC’s interest in the Property pursuant to the Purchase Agreement
for a price (when taken together with any Supplemental Payment paid by NAI pursuant to the Purchase
Agreement, in the case of a purchase by an Applicable Purchaser) equal to the Break Even Price.

     “Local Impositions” means all sales, excise, ad valorem, gross receipts, business, transfer,
stamp, occupancy, rental and other taxes (other than taxes on net income and corporate franchise
taxes), levies, fees, charges, surcharges, assessments, interest, additions to tax, or penalties
imposed by the State of North Carolina or any agency or political subdivision thereof upon BNPPLC
or any owner of the Property or any part of or interest in the Property because of (i) the Lease or
other Operative Documents, (ii) the status of record title to the Property, (iii) the ownership,
leasing, occupancy, sale or operation of the Property or any part thereof or interest therein, or
(iv) the Permitted Encumbrances; excluding, however, Excluded Taxes. “Local Impositions” will
include any real estate taxes imposed because of a change of use or ownership of the Property
resulting from, or occurring on or prior to the date of, any sale by BNPPLC pursuant to the
Purchase Agreement.

     “Losses” means the following: any and all losses, liabilities, damages (whether actual,
consequential, punitive or otherwise denominated), demands, claims, administrative or legal
proceedings, actions, judgments, causes of action, assessments, fines, penalties, costs of
settlement and other costs and expenses (including Attorneys’ Fees and the fees of outside

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and Provisions Agreement (RTP Data Center) – Page 27

 

 

accountants and environmental consultants), of any and every kind or character, foreseeable and
unforeseeable, liquidated and contingent, proximate and remote, known and unknown.

     “Market Quotation” means, with respect to any Fixed Rate Lock Termination, an amount
determined by the Floating Rate Payor on the basis of quotations from Reference Market-makers.
Each quotation will be for an amount, if any, that would be paid by the Floating Rate Payor in
consideration of an agreement between it and the quoting Reference Market-maker to enter into a
transaction (the “Replacement Transaction”) that would have the effect of preserving for the
Floating Rate Payor the economic equivalent of any payment or delivery (whether the underlying
obligation was absolute or contingent and assuming the satisfaction of each applicable condition
precedent) that would, but for the occurrence of the relevant Fixed Rate Lock Termination, have
been required under the Fixed Rate Swap. The Replacement Transaction would be subject to such
documentation as such party and the Reference Market-maker may, in good faith, agree. The Floating
Rate Payor (or its agent) will request each Reference Market-maker to provide its quotation to the
extent reasonably practicable as of the same day and time (without regard to different time zones)
on the effective date of or as soon as reasonably practicable after the relevant Fixed Rate Lock
Termination. The date and time as of
which those quotations are to be obtained will be selected in good faith by the Floating Rate
Payor. If more than three quotations are provided, the Market Quotation will be the arithmetic
mean of the quotations, without regard to the quotations having the highest and lowest values. If
exactly three such quotations are provided, the Market Quotation will be the quotation remaining
after disregarding the highest and lowest quotations. For this purpose, if more than one quotation
has the same highest value or lowest value, then one of such quotations will be disregarded. If
fewer than three quotations are provided, it will be deemed that the Market Quotation in respect of
such Fixed Rate Lock Termination cannot be determined.

     “Material Adverse Effect” means a material adverse effect on (a) the assets, operations,
financial condition or businesses of NAI, (b) the ability of NAI to perform any of its obligations
under the Operative Documents, (c) the rights of or benefits available to BNPPLC under the
Operative Documents, (d) the value, utility or useful life of the Property or (e) the priority,
perfection or status of any of BNPPLC’s interests in the Property or in any of the Operative
Documents.

     “Maximum Construction Allowance” has the meaning indicated in the Construction Agreement.

     “Maximum Remarketing Obligation” has the meaning indicated in the Purchase Agreement.

     “Minimum Insurance Requirements” means the insurance requirements outlined in Annex 4
attached to this Agreement.

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and Provisions Agreement (RTP Data Center) – Page 28

 

 

     “Multiemployer Plan” means a multiemployer plan as defined in Section 3(37) of ERISA to
which contributions have been made by NAI or any ERISA Affiliate during the preceding six years and
which is covered by Title IV of ERISA.

     “NAI” means Network Appliance, Inc., a Delaware corporation.

     “NAI’s Estimate of Force Majeure Excess Costs” has the meaning indicated in the Construction
Agreement.

     “NAI’s Estimate of Force Majeure Delays” has the meaning indicated in the Construction
Agreement.

     “NAI’s Initial Remarketing Right” has the meaning indicated in the Purchase Agreement.

     “Notice of NAI’s Intent to Terminate” has the meaning indicated in the Construction
Agreement.

     “Notice of NAI’s Intent to Terminate Because of a Force Majeure Event” has the meaning
indicated in the Construction Agreement.

     “Notice of Termination by NAI” has the meaning indicated in the Construction Agreement.

     “Operative Documents” means the Closing Letter, the Closing Certificate, the Ground Lease, the
Lease, the Construction Agreement, the Purchase Agreement and this Common Definitions and
Provisions Agreement.

     “Outstanding Construction Allowance” has the meaning indicated in the Construction Agreement.

     “Owner’s Election to Continue Construction” has the meaning indicated in the Construction
Agreement.

     “Participant” means any Person other than BNPPLC that from time to time, by executing
the Participation Agreement or supplements as contemplated therein, becomes a party to the
Participation Agreement and thereby agrees to participate in all or some of the risks and rewards
to BNPPLC of the Operative Documents; provided, however, no such Person will qualify as a
Participant for purposes of the Operative Documents unless (i) such Person is approved to be a
Participant by NAI or (ii) such Person becomes a Participant when an Event of Default has occurred
and is continuing. As of the Effective Date, NAI has approved only BANK OF

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AMERICA,
N.A.; GOLDMAN
SACHS CREDIT PARTNERS L.P.; JPMORGAN CHASE BANK, NATIONAL ASSOCIATION; KEYBANK NATIONAL
ASSOCIATION; MORGAN STANLEY BANK; SUMITOMO MITSUI BANKING CORPORATION; and WELLS FARGO BANK, N.A.
(all of which are original parties to the Participation Agreement). BNPPLC may, however, from time
to time request NAI’s approval for other prospective Participants. NAI will not unreasonably
withhold or delay any approval required for any prospective Participant which is an Eligible
Financial Institution. However, as to any prospective Participant that is not already a party to
the Participation Agreement or an Eligible Financial Institution, NAI may withhold such approval in
its sole discretion. Further, it is understood that if giving such approval will increase NAI’s
liability for withholding taxes or other taxes not constituting Excluded Taxes under tax laws or
regulations then in effect, NAI may reasonably refuse to give such approval.

     “Participation Agreement” means the Participation Agreement (RTP Data Center) dated as of the
Effective Date, pursuant to which BANK OF AMERICA, N.A.; GOLDMAN SACHS CREDIT PARTNERS L.P.;
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION;
KEYBANK NATIONAL ASSOCIATION; MORGAN STANLEY BANK; SUMITOMO MITSUI BANKING CORPORATION; and
WELLS FARGO BANK, N.A. are agreeing with BNPPLC to participate in the risks and rewards to BNPPLC
of the Operative Documents, as such Participation Agreement may be extended, supplemented, amended,
restated or otherwise modified from time to time in accordance with its terms. It is understood,
however, that because the Participation Agreement will expressly make NAI a third party beneficiary
of each Participant’s obligations thereunder to make advances to BNPPLC in connection with
Construction Advances under the Construction Agreement, NAI’s consent will be required to any
amendment of the Participation Agreement that limits or excuses such obligations.

     “Period” means a Construction Period or Base Rent Period.

     “Permitted Encumbrances” means (i) the encumbrances and other matters affecting the Property
that are set forth in Exhibit B attached to the Closing Certificate, (ii) any easement
agreement or other document affecting title to the Property executed by BNPPLC at the request of or
with the consent of NAI, (iii) any Liens securing the payment of Local Impositions which are not
delinquent or claimed to be delinquent or which are being contested in accordance with
subparagraph 5(A) of the Lease, (iv) statutory liens, if any, in the nature of
contractors’, mechanics’ or materialmen’s liens for amounts not past due or claimed to be past due
for more than thirty days or which are being contested in accordance with
subparagraph 11(B) of the Lease, (v) Liens which are Fully Subordinated or Removable, and
(vi) any documents or maps which NAI executes and records, with the consent of BNPPLC as provided
in subparagraph 4(C) of the Closing Certificate, to establish a condominium regime that
covers the Property and other adjacent properties.

     “Permitted Hazardous Substance Use” means the use, generation, storage and offsite

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disposal of Permitted Hazardous Substances in strict accordance with applicable Environmental Laws
and with due care given the nature of the Hazardous Substances involved; provided, the scope and
nature of such use, generation, storage and disposal will not:

     (1) exceed that reasonably required for the construction of the Construction Project in
accordance with the Construction Agreement or for the use and operation of the Property for
the purposes expressly permitted under subparagraph 2(A) of the Lease; or

     (2) include any disposal, discharge or other release of Hazardous Substances from the
Property in any manner that might allow such substances to reach surface water or
groundwater, except (i) through a lawful and properly authorized discharge (A) to a publicly
owned treatment works or (B) with rainwater or storm water runoff in accordance with
Applicable Laws and any permits obtained by NAI that govern such runoff; or (ii) any such
disposal, discharge or other release of Hazardous Substances for
which no permits are required and which are not otherwise regulated under applicable
Environmental Laws.

Further, notwithstanding anything to the contrary herein contained, Permitted Hazardous Substance
Use will not include any use of the Property (including as a landfill, incinerator or other waste
disposal facility) in a manner that requires a treatment, storage or disposal permit under the
Resource Conservation and Recovery Act of 1976, as amended by the Used Oil Recycling Act of 1980,
the Solid Waste Disposal Act Amendments of 1980, and the Hazardous and Solid Waste Amendments of
1984..

     “Permitted Hazardous Substances” means Hazardous Substances used and reasonably required for
the construction of the Construction Project or for the use and operation of the Property by NAI
and its permitted subtenants and assigns for the purposes expressly permitted by
subparagraph 2(A) of the Lease, in either case in strict compliance with all Environmental
Laws and with due care given the nature of the Hazardous Substances involved. Without limiting the
generality of the foregoing, Permitted Hazardous Substances will include usual and customary office
and janitorial products.

     “Permitted Transfer” means any one or more of the following:

     (1) the creation or conveyance by BNPPLC of rights and interests in favor of
Participants pursuant to the Participation Agreement;

     (2) any lien, security interest or assignment covering the Property or the
Rents which is granted by BNPPLC in favor of Participants or an agent appointed for them to
secure their rights under the Participation Agreement, and any subsequent assignment or
conveyance made to accomplish a foreclosure of such lien or security interest, provided

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 31

 

 

that
such lien, security interest or assignment and any such subsequent assignment or conveyance
are all made expressly subject to the rights of NAI under the Operative Documents;

     (3) other than as described in the preceding clauses, any conveyance to BNPPLC’s
Parent or to any Qualified Affiliate of BNPPLC of all or any interest in or rights with
respect to the Property or any portion thereof, provided that NAI and Participants must be
notified before any such conveyance to BNPPLC’s Parent or a Qualified Affiliate which will
be recorded in the real property records of the county in which the Land is situated;

     (4) any assignment or conveyance by BNPPLC requested by NAI or required by any
Permitted Encumbrance, by the Purchase Agreement or by Applicable Laws; or

     (5) any assignment or conveyance after a Designated Sale Date on which NAI does not
purchase or cause an Applicable Purchaser to purchase BNPPLC’s interest in the Property and,
if applicable, after the expiration of the thirty day cure period specified in Paragraph
3(A) of the Purchase Agreement.

     “Person” means an individual, a corporation, a partnership, an unincorporated organization, an
association, a joint stock company, a joint venture, a trust, an estate, a government or agency or
political subdivision thereof or other entity, whether acting in an individual, fiduciary or other
capacity.

     “Personal Property” has the meaning indicated on page 2 of the Lease.

     “Plan” means any employee benefit or other plan established or maintained, or to which
contributions have been made, by NAI or any ERISA Affiliate during the preceding six years and
which is covered by Title IV of ERISA, including any Multiemployer Plan.

     “Pre-lease Casualty” has the meaning indicated in the Construction Agreement.

     “Pre-lease Force Majeure Delays” has the meaning indicated in the Construction Agreement.

     “Pre-lease Force Majeure Event” has the meaning indicated in the Construction Agreement.

     “Pre-lease Force Majeure Event Notice” has the meaning indicated in the Construction
Agreement.

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 32

 

 

     “Pre-lease Force Majeure Excess Costs” has the meaning indicated in the Construction
Agreement.

     “Pre-lease Force Majeure Losses” has the meaning indicated in the Construction Agreement.

     “Prime Rate” means the prime interest rate or equivalent charged by BNPPLC’s Parent in the
United States of America as announced or published by BNPPLC’s Parent from time to time, which need
not be the lowest interest rate charged by BNPPLC’s Parent. If for any reason BNPPLC’s Parent does
not announce or publish a prime rate or equivalent, the prime rate or equivalent announced or
published by either CitiBank, N.A. or any New York branch or office of Credit Commercial de France
as selected by BNPPLC will be used to compute the rate describe
in the preceding sentence. The prime rate or equivalent announced or published by such bank
need not be the lowest rate charged by it. The Prime Rate may change from time to time after the
Effective Date without notice to NAI as of the effective time of each change in rates described in
this definition.

     “Prior Closing Certificate and Agreement” means the Closing Certificate and Agreement dated as
of July 17, 2007 between NAI and BNPPLC, as amended prior to the Effective Date, which is being
amended, restated and replaced entirely by the Closing Certificate.

     “Prior Common Definitions and Provisions Agreement” means the Common Definitions and
Provisions Agreement dated as of July 17, 2007 between NAI and BNPPLC, as amended prior to the
Effective Date, which is being amended, restated and replaced entirely by this Agreement.

     “Prior Construction Agreement” means the Construction Management Agreement dated as of July
17, 2007 between NAI and BNPPLC, as amended prior to the Effective Date, which is being amended,
restated and replaced entirely by the Construction Agreement.

     “Prior Ground Lease” means the Ground Lease dated as of July 17, 2007 from NAI to BNPPLC, as
amended prior to the Effective Date, which is being amended, restated and replaced entirely by the
Ground Lease.

     “Prior Lease” means the Lease Agreement dated as of July 17, 2007 between NAI (as tenant) and
BNPPLC (as landlord), as amended prior to the Effective Date, which is being amended, restated and
replaced entirely by the Lease.

     “Prior Operative Documents” means the documents defined as “Operative Documents” in the Prior
Common Definitions and Provisions Agreement.

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 33

 

 

     “Prior Purchase Agreement” means the Purchase Agreement dated as of July 17, 2007
between NAI and BNPPLC, as amended prior to the Effective Date, which is being amended, restated
and replaced entirely by the Purchase Agreement.

     “Prior Work” has the meaning indicated in the Construction Agreement.

     “Projected Cost Overruns” has the meaning indicated in the Construction Agreement.

     “Property” means the Personal Property and the Real Property, collectively. The fee interest
in the Land itself will not be included in the Property, but the leasehold estate conveyed to
BNPPLC under the Ground Lease will be included.

     “Purchase Agreement” means the Amended and Restated Purchase Agreement (RTP Data Center) dated
as of the Effective Date between BNPPLC and NAI, as such Purchase Agreement may be extended,
supplemented, amended, restated or otherwise modified from time to time in accordance with its
terms.

     “Purchase Option” has the meaning indicated in the Purchase Agreement.

     “Qualified Affiliate” means any Person that, like BNPPLC, (i) is one hundred percent (100%)
owned, directly or indirectly, by BNPPLC’s Parent or any successor of such bank, (ii) can make (and
has in writing made) the same representations to NAI that BNPPLC has made in subparagraphs 4(A)
and 4(B) of the Closing Certificate (except that it need not be incorporated in or qualified to
do business in Delaware), and (iii) is an entity organized under the laws of the State of Delaware
or another state within the United States of America.

     “Qualified Income Payments” means: (A) Base Rent; (B) payments that are made to BNPPLC only
because the following amounts are capitalized (i.e., added to the Lease Balance) as described in
subparagraph 3 of the Construction Agreement: the Upfront Fees, the Arrangement Fee,
Administrative Fees, Commitment Fees, Increased Cost Charges and Capital Adequacy Charges; (C)
payments of the following made to BNPPLC to satisfy the Lease: Administrative Fees, Increased Cost
Charges and Capital Adequacy Charges; (D) any interest paid to BNPPLC or any Participant pursuant
to subparagraph 3(G) of the Lease; and (E) payments by BNPPLC to Participants required
under the Participation Agreements because of BNPPLC’s receipt of payments described in the
preceding clauses (A) through (D).

     “Qualified Prepayments” means any payments received by BNPPLC from time to time during the
Term (1) under any property insurance policy as a result of damage to the Property, (2) as
compensation for any restriction placed upon the use or development of the Property or for the
condemnation of the Property or any portion thereof (including any indirect condemnation by means
of a taking of any of the Land or appurtenant easements), (3) because of any judgment,

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 34

 

 

decree or award for injury or damage to the Property, or (4) under any title insurance policy or otherwise as
a result of any title defect or claimed title defect with respect to the Property. For the
purposes of determining the amount of any Qualified Prepayment and other amounts dependent upon
Qualified Prepayments (e.g., the Lease Balance, the Outstanding Construction Allowance and the
Break Even Price):

     (i) there will be deducted all expenses and costs of every kind, type and nature
(including taxes and Attorneys’ Fees) incurred by BNPPLC with respect to the collection or
application of such payments;

     (ii) Qualified Prepayments will not include any payment to BNPPLC by a Participant or
an Affiliate of BNPPLC that is made to compensate BNPPLC for the Participant’s or
Affiliate’s share of any Losses BNPPLC may incur as a result of any of the events described
in the preceding clauses (1) through (4);

     (iii) Qualified Prepayments will not include any payments received by BNPPLC that
BNPPLC has paid or is obligated to pay to NAI for the repair, restoration or replacement of
the Property or that BNPPLC is holding as Escrowed Proceeds in accordance with the
Paragraph 10 of the Lease or other provisions of the Operative Documents;

     (iv) payments described in the preceding clauses (i) through (iii) will be considered
as Escrowed Proceeds, not Qualified Prepayments, until they are actually applied as
Qualified Prepayments by BNPPLC as provided in Paragraph 10 of the Lease; and

     (v) in no event will interest that accrues under the Purchase Agreement on a past due
Supplemental Payment constitute a Qualified Prepayment.

For purposes of computing the total Qualified Prepayments (and other amounts dependent upon
Qualified Prepayments, such as the Lease Balance, the Outstanding Construction Allowance and the
Break Even Price) paid to or received by BNPPLC as of any date, payments described in the preceding
clauses (1) through (4) will be considered as Escrowed Proceeds, not Qualified Prepayments, until
they are actually applied as Qualified Prepayments by BNPPLC as provided in the
Paragraph 10 of the Lease.

     “Real Property” has the meaning indicated on page 2 of the Lease.

     “Reimbursable Construction-Period Costs” has the meaning indicated in the Construction
Agreement.

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 35

 

 

     “Remedial Work” means any investigation, monitoring, clean-up, containment,
remediation, removal, payment of response costs, or restoration work and the preparation and
implementation of any closure or other required remedial plans that any governmental agency or
political subdivision requires or approves (or could reasonably be expected to require if it was
aware of all relevant circumstances concerning the Property), whether by judicial order or
otherwise, because of the presence of or suspected presence of Hazardous Substances in, on, under
or about the Property or because of any prior Hazardous Substance Activity.

     “Rent” means the Base Rent and all Additional Rent.

     “Responsible Financial Officer” means the chief financial officer, the controller, the
treasurer or the assistant treasurer of NAI.

     “Rolling Four Quarters Period” has the meaning indicated in subparagraph 3(A) of the
Closing Certificate.

     “Scope Change” has the meaning indicated in the Construction Agreement.

     “Spread” means, for each Construction Period and for any period beginning on and including the
Base Rent Commencement Date or a Base Rent Date and ending on but not including the next Base Rent
Date, the amount established as of the date (in this definition, the “Spread Test Date”) that is
two Business Days prior to such period by reference to the pricing grid below, based upon the ratio
calculated by dividing (1) Consolidated EBITDA for the then latest Rolling Four Quarters Period
that ended prior to (and for which NAI has reported earnings as necessary to compute Consolidated
EBITDA) into (2) the Consolidated Debt for Borrowed Money as of the end of such Rolling Four
Quarters Period. In each case, the Spread will be established at the Level in the pricing grid
below which corresponds to such ratio; provided, that:

     (a) promptly after earnings are reported by NAI for the latest quarter in any Rolling
Four Quarters Period, NAI must notify BNPPLC of any resulting change in the Spread under
this definition, and no reduction in the Spread from one period to the next will be
effective for purposes of the Operative Documents unless, prior to the Spread Test Date for
the next period, NAI shall have provided BNPPLC with a written notice setting forth and
certifying the calculation under this definition that justifies the reduction;

     (b) if Carrying Costs are understated or Base Rent is underpaid for any Period
because of any misstatement, subsequently discovered, of Consolidated EBITDA or Consolidated
Debt for Borrowed Money, BNPPLC will be entitled to collect from NAI all additional payments
that would have been expected under the Operative Documents but for the misstatement,
together with interest on each such additional payment computed at the Default Rate from the
date it would have been expected to the date it is

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 36

 

 

actually
paid; and

     (c) notwithstanding anything to the contrary in this definition, on any date when an
Event of Default has occurred and is continuing, the Spread will equal the Default Rate less
the Effective Rate.

	 	 	 	 	 
	 	 	Ratio of Consolidated Debt for	 	 
	 	 	Borrowed Money to	 	 
	Levels	 	Consolidated EBITDA	 	Spread
	Level I
	 	less than 0.5	 	35.0 basis points
	Level II
	 	greater than or equal to 0.5, but less than 1.0	 	45.0 basis points
	Level III
	 	greater than or equal to 1.0, but less than 1.5	 	55.0 basis points
	Level IV
	 	greater than or equal to 1.5, but less than 2.0	 	70.0 basis points
	Level IV
	 	greater than or equal to 2.0	 	85.0 basis points

All determinations of the Spread by BNPPLC will, in the absence of clear and demonstrable error, be
binding and conclusive for purposes of the Operative Documents. Further BNPPLC may, but will not
be required, to rely on the determination of the Spread set forth in any notice delivered by NAI as
described above in clause (a) of this definition.

     “Subsidiary” means, with respect to any Person, any Affiliate of which at least a majority of
the securities or other ownership interests having ordinary voting power then exercisable for the
election of directors or other persons performing similar functions are at the time owned directly
or indirectly by such Person.

     “Supplemental Payment” has the meaning indicated in the Purchase Agreement.

     “Supplemental Payment Obligation” has the meaning indicated in the Purchase Agreement.

     “Tangible Personal Property” has the meaning indicated on page 2 of the Lease.

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 37

 

 

     “Target Completion Date” has the meaning indicated in the Construction Agreement.

     “Term” has the meaning indicated in subparagraph 1(A) of the Lease.

     “Termination of NAI’s Work” has the meaning indicated in the Construction Agreement.

     “Third Party Contract” has the meaning indicated in the Construction Agreement.

     “Third Party Contract/Termination Fees” has the meaning indicated in the Construction
Agreement.

     “Transaction Expenses” means costs incurred in connection with the preparation and negotiation
of the Operative Documents and related documents and the consummation of the transactions
contemplated therein.

     “Unfunded Benefit Liabilities” means, with respect to any Plan, the amount (if any) by which
the present value of all benefit liabilities (within the meaning of Section 4001(a)(16) of ERISA)
under the Plan exceeds the market value of all Plan assets allocable to such benefit liabilities,
as determined on the most recent valuation date of the Plan and in accordance with the provisions
of ERISA for calculating the potential liability of NAI or any ERISA Affiliate under Title IV of
ERISA.

     “Upfront Fees” has the meaning indicated in the Construction Agreement.

     “Work” has the meaning indicated in the Construction Agreement.

     “Work/Suspension Event” has the meaning indicated in the Construction Agreement.

     “Work/Suspension Notice” has the meaning indicated in the Construction Agreement.

     “Work/Suspension Period” has the meaning indicated in the Construction Agreement.

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 38

 

 

ARTICLE II — SHARED PROVISIONS

     The following provisions will apply to and govern the construction of this Agreement and the
other Operative Documents (including attachments), except to the extent (if any) a clear, contrary
intent is expressed herein or therein:

     1) Notices. Any provision of (1) any of the Operative Documents, (2) any other
document which references this provision for purposes of establishing notice requirements (in this
provision, a “Related Document”), or (3) any Applicable Law, that makes reference to any required
payment from NAI or BNPPLC to the other or that makes reference to the sending, mailing or delivery
of any notice or demand will be subject to the following provisions (except that any notice given
by BNPPLC to satisfy any statutory requirement, including any notice of eviction or foreclosure,
will be considered sufficient if it satisfies the statutory requirements applicable to the notice,
regardless of whether the notice or payment satisfies the following provisions):

     (i) All Rent and other amounts required to be paid by NAI to BNPPLC must be paid to
BNPPLC in immediately available funds by wire transfer to:

Federal Reserve Bank of New York

BNP Paribas — New York Branch

Favor: BNP Paribas Leasing Corporation

ABA 026 007 689

/AC/ 0200-517000-070-78

Reference: Network Appliance, Inc./RTP Data Center Lease

or at such other place and in such other manner as BNPPLC may designate in a notice to NAI.

     (ii) All advances paid to NAI by BNPPLC under the Construction Agreement or in
connection therewith will be paid by wire transfer to:

Wells Fargo Bank

San Francisco, CA

ABA#121000248

Acct#4311-790562

Account of: Network Appliance

Reference: BNP Lease

or at such other place and in such other manner as NAI may reasonably designate from

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 39

 

 

time to
time by notice to BNPPLC signed by a Responsible Financial Officer of NAI.

     (iii) All notices, demands, approvals, consents and other communications to be made
under any Operative Document or Related Document to or by the parties thereto must, to be
effective for purposes thereof, be in writing. Notices, demands and other communications
required or permitted under any Operative Document or Related Document must be given by any
of the following means: (A) personal service (including local and overnight courier), with
proof of delivery or attempted delivery retained; (B) electronic communication, whether by
electronic mail or telecopying (if confirmed in writing sent by United States first class
mail, return receipt requested); or (C) registered or certified first class mail, return
receipt requested. Such addresses may be changed by notice to the other parties given in the
same manner as provided above. Any notice or other communication sent pursuant to clause
(A) or (B) hereof will be deemed received upon such personal service or upon dispatch by
electronic means, and, if sent pursuant to clause (C) will be deemed received five days
following deposit in the mail. Notices, demands and other communications required or
permitted by any Related Document are to be sent to the addresses set forth therein; and
notices, demands and other communications required or permitted by under any Operative
Document are to be sent to the following addresses (or in the case of communications to
Participants, at the addresses set forth in Schedule 1 to the Participation
Agreement):

Address of BNPPLC:

BNP Paribas Leasing Corporation

12201 Merit Drive, Suite 860

Dallas, Texas 75251

Attention: Lloyd G. Cox, Managing Director

Telecopy: (972) 788-9140

Address of NAI:

Network Appliance, Inc.

7301 Kit Creek Road

Research Triangle Park, NC 27709

Attention: Ingemar Lanevi

Telecopy: (919) 476-5750

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 40

 

 

With a copy to:

Network Appliance, Inc.

495 East Java Drive

Sunnyvale, California 94089

Attention: Mr. Thom Bryant

Telecopy: (408)-822-4463

However, any party to any Operative Document or Related Document may change its address above or in
the Related Document, as applicable, by written notice to the other parties to such Operative
Document or Related Document given in accordance with this provision.

     2. Severability. If any term or provision of any Operative
Document or the
application thereof is to any extent held by a court of competent jurisdiction to be invalid and
unenforceable, the remainder of such document, or the application of such term or provision other
than to the extent to which it is invalid or unenforceable, will not be affected thereby.

     3. No Merger. There will be no merger of the Lease or of the
leasehold
estate created by the Lease or of the mortgage and security interest granted in
subparagraph 4(C)(1) of the Lease with any other interest in the Property by reason of the fact
that the same person may acquire or hold, directly or indirectly, the Lease or the leasehold estate
created thereby or such mortgage and security interest and any other interest in the Property,
unless all Persons with an interest in the Property that would be adversely affected by any such
merger specifically agree in writing that such a merger has occurred. There will be no merger of
the Purchase Agreement or of the purchase options or obligations created by the Purchase Agreement
with any other interest in the Property by reason of the fact that the same person may acquire or
hold, directly or indirectly, the rights and options granted by the Purchase Agreement and any
other interest in the Property, unless all Persons with an interest in the Property that would be
adversely affected by any such merger specifically agree in writing that such a merger has
occurred.

     4. No Implied Waiver. The failure of any party to any
Operative
Document to insist at any time upon the strict performance of any covenant or agreement therein or
to exercise any option, right, power or remedy contained therein will not be construed as a waiver
or a relinquishment thereof for the future. The waiver of or redress for any breach of any
Operative Document by any party thereto will not prevent a similar subsequent act from constituting
a violation. Any express waiver of any provision of any Operative Document will affect only the
term or condition specified in such waiver and only for the time and in the manner specifically
stated therein. No waiver by any party to any Operative Document of any provision therein will
be deemed to have been made unless expressed in writing and signed by the party to be bound by

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 41

 

 

the waiver. A receipt by any party to any Operative Document of any payment thereunder (including
the receipt by BNPPLC of any Rent paid under the Lease) with knowledge of the breach by another
party of any covenant or agreement contained in that or any other Operative Document will not be
deemed a waiver of such breach.

     5. Entire and Only Agreements. The Operative Documents
supersede any prior
negotiations and agreements between BNPPLC and NAI concerning the Property, and no amendment or
modification of any Operative Document will be binding or valid unless expressed in a writing
executed by all parties to such Operative Document.

     6. Binding Effect. Except to the extent, if any, expressly
provided to the
contrary in any Operative Document with respect to assignments thereof, all of the covenants,
agreements, terms and conditions to be observed and performed by the parties to the Operative
Documents will be applicable to and binding upon their respective successors and, to the extent
assignment is permitted thereunder, their respective assigns.

     7. Time is of the Essence. Time is of the essence as to all
obligations
created by the Operative Documents and as to all notices expressly required by the Operative
Documents.

     8. Governing Law. Each Operative Document will be governed by
and
construed in accordance with the laws of the State of North Carolina without regard to conflict or
choice of laws principles that might require the application of the laws of another jurisdiction.

     9. Paragraph Headings. The paragraph and section
headings contained in the
Operative Documents are for convenience only and will in no way enlarge or limit the scope or
meaning of the various and several provisions thereof.

     10. Negotiated Documents. All parties to each Operative
Document and their
counsel have reviewed and revised or requested revisions to such Operative Document, and the usual
rule of construction that any ambiguities are to be resolved against the drafting party will not
apply to the construction or interpretation of any Operative Documents or any amendments thereof.

     11. Terms Not Expressly Defined in an Operative Document. As
used in any
Operative Document, a capitalized term that is not defined therein or in this Agreement, but is
defined in another Operative Document, will have the meaning ascribed to it in the other Operative
Document.

     12. Other Terms and References. Words of any gender used in
each
Operative
Document will be held and construed to include any other gender, and words in the singular
number will be held to include the plural and vice versa, unless the context otherwise requires.

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 42

 

 

References in any Operative Document to Paragraphs, subparagraphs, Sections, subsections or other
subdivisions refer to the corresponding Paragraphs, subparagraphs, Sections, subsections or
subdivisions of that Operative Document, unless specific reference is made to another document or
instrument. References in any Operative Document to any Schedule or Exhibit refer to the
corresponding Schedule or Exhibit attached to that Operative Document, which are made a part
thereof by such reference. All capitalized terms used in each Operative Document which refer to
other documents will be deemed to refer to such other documents as they may be renewed, extended,
supplemented, amended or otherwise modified from time to time, provided such documents are not
renewed, extended or modified in breach of any provision contained in the Operative Documents or,
in the case of any other document to which BNPPLC or NAI is a party or intended beneficiary,
without its consent. All accounting terms used but not specifically defined in any Operative
Document will be construed in accordance with GAAP. The words “this [Agreement]”, “herein”,
“hereof”, “hereby”, “hereunder” and words of similar import when used in each Operative Document
refer to that Operative Document as a whole and not to any particular subdivision unless expressly
so limited. The phrases “this Paragraph”, “this subparagraph”, “this Section”, “this subsection”
and similar phrases used in any Operative Document refer only to the Paragraph, subparagraph,
Section, subsection or other subdivision described in which the phrase occurs. As used in the
Operative Documents the word “or” is not exclusive, and the words “include”, “including” and
similar terms will be construed as if followed by “without limitation to”. The rule of ejusdem
generis will not be applied to limit the generality of a term in any of the Operative Documents
when followed by specific examples. When used to qualify any representation or warranty made by a
Person, the phrases “to the knowledge of [such Person]” or “to the best knowledge of [such Person]”
are intended to mean only that such Person does not have knowledge of facts or circumstances which
make the representation or warranty false or misleading in some material respect; such phrases are
not intended to suggest that the Person does indeed know the representation or warranty is true.

     13. Execution in Counterparts. To facilitate execution, each
of the
Operative Documents may be executed in multiple identical counterparts. It will not be necessary
that the signature of, or on behalf of, each party, or that the signature of all persons required
to bind any party, appear on each counterpart. All counterparts, taken together, will collectively
constitute a single instrument. But it will not be necessary in making proof of any of the
Operative Documents to produce or account for more than a single counterpart containing the
respective signatures of, or on behalf of, each of the parties to such document. Any signature page
may be detached from one counterpart and then attached to a second counterpart with identical
provisions without impairing the legal effect of the signatures on the signature page. Signing and
sending a counterpart (or a signature page detached from the counterpart) by facsimile or other
electronic means to another party will have the same legal effect as signing and delivering an
original counterpart to the other party. A copy (including a copy produced by facsimile or
other electronic means) of any signature page that has been signed by or on behalf of a party to
any of the Operative Documents will be as effective as the original signature page for the purpose
of

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 43

 

 

proving
such party’s agreement to be bound.

     14. Not a Partnership, Etc. Nothing in any Operative Document
is intended to
create any partnership, joint venture, or other joint enterprise between NAI and BNPPLC or any
other Interested Party.

     15. No Fiduciary Relationship Intended. Neither the execution
of the
Operative Documents or other documents referenced in this Agreement nor the administration thereof
by BNPPLC will create any fiduciary obligations of BNPPLC (or any other Interested Party) to NAI.
Moreover, BNPPLC and NAI disclaim any intent to create any fiduciary or special relationship
between themselves (or on the part of any other Interested Party) under or by reason of the
Operative Documents or the transactions described therein or any other documents or agreements
referenced therein.

     16. Amendment and Restatement of Prior Agreement. This
Agreement amends,
restates and replaces entirely the Prior Common Definitions and Provisions Agreement.

[The signature pages follow.]

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Page 44

 

 

     IN WITNESS WHEREOF, this Amended and Restated Common Definitions and Provisions Agreement (RTP
Data Center) is executed to be effective as of November 29, 2007.

	 	 	 	 	 
	 	BNP PARIBAS LEASING CORPORATION, a Delaware
corporation

 	 
	 	By:  	/s/ Lloyd G. Cox
 	 
	 	 	Lloyd G. Cox, Managing Director 	 
	 	 	 	 
	 

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Signature Page

 

 

[Continuation of signature pages for Amended and Restated Common Definitions and Provisions
Agreement (RTP Data Center) dated as of November 29, 2007]

	 	 	 	 	 
	 	NETWORK APPLIANCE, INC., a Delaware corporation

 	 
	 	By:  	/s/ Ingemar Lanevi
 	 
	 	 	Ingemar Lanevi, Vice President and Corporate 	 
	 	 	Treasurer 	 
	 

Amended and Restated Common Definitions

and Provisions Agreement (RTP Data Center) – Signature Page

 

 

Annex 1

Notice of ABR Period Election

[Date]

BNP Paribas Leasing Corporation

12201 Merit Drive, Suite 860

Dallas, Texas 75251

Attention: Lloyd G. Cox, Managing Director

Telecopy: (972) 788-9140

Gentlemen:

     Capitalized terms used in this letter are intended to have the meanings assigned to them in
the Amended and Restated Common Definitions and Provisions Agreement (RTP Data Center) dated as of
November 29, 2007, between you, BNP Paribas Leasing Corporation, and the undersigned, Network
Appliance, Inc. This letter constitutes notice of our election to make the first Construction
Period or Base Rent Period beginning on or after
                    ,
20___ subject to an ABR Period
Election.

     We understand that until a different election becomes effective as provided in definitions of
“ABR Period Election” and “LIBOR Period Election” in the Amended and Restated Common Definitions
and Provisions Agreement (RTP Data Center), all subsequent Periods will also be subject to an ABR
Period Election.

NOTE: YOU ARE ENTITLED TO DISREGARD THIS NOTICE IF THE DATE SPECIFIED ABOVE CONCERNING THE
COMMENCEMENT OF THE ABR PERIOD ELECTION IS LESS THAN FIVE BUSINESS DAYS AFTER YOUR RECEIPT OF THIS
NOTICE. HOWEVER, WE ASK THAT YOU NOTIFY US IMMEDIATELY IF FOR ANY REASON YOU BELIEVE THIS NOTICE
IS DEFECTIVE.

	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	NETWORK APPLIANCE, INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

[cc all Participants]

 

 

Annex 2

Fixed Rate Lock Notice

[Date]

BNP Paribas Leasing Corporation

12201 Merit Drive, Suite 860

Dallas, Texas 75251

Attention: Lloyd G. Cox, Managing Director

Telecopy: (972) 788-9140

Gentlemen:

     Capitalized terms used in this letter are intended to have the meanings assigned to them in
the Amended and Restated Common Definitions and Provisions Agreement (RTP Data Center) dated as of
November 29, 2007, between you, BNP Paribas Leasing Corporation, and the undersigned, Network
Appliance, Inc.. By this letter, which is given pursuant to subparagraph 3(B)(4) of the
Lease, NAI requests that BNPPLC promptly establish a Fixed Rate for a notional amount equal to the
Lease Balance as of the date of this letter for use in the calculation of the Effective Rate for
all Base Rent Periods commencing on or after the following Fixed Rate Lock Date:                     ,
20___.

     As contemplated in the conditions set forth in subparagraph 3(B)(4) of the Lease, such
Fixed Rate Lock Date is the first Business Day of a calendar month which falls after the projected
Base Rent Commencement Date; such Fixed Rate Lock Date does not fall prior to the end of any Base
Rent Period which has commenced or will commence before BNPPLC receives this notice; and NAI
expects BNPPLC to receive this notice more than ten days prior to such Fixed Rate Lock Date.

     In an earlier phone conversation today between a representative of NAI and                      at the
New York Branch of BNP Paribas, NAI requested an estimate from BNP Paribas of the Fixed Rate that
would be established by BNPPLC and BNP Paribas entering into an Interest Rate Swap. The estimate
provided by telephone was:                      percent (___%) per annum.

     By this letter, NAI confirms that it will accept such a rate or any lower rate as the Fixed
Rate for purposes of the Lease.

NOTE: BNPPLC will be entitled to disregard this notice if the conditions to a Fixed
Rate Lock, as specified in subparagraph 3(B)(4) of the Lease, have not been satisfied.
However, NAI requests that BNPPLC notify NAI immediately if for any reason BNPPLC believes this
notice will not be effective.

 

 

	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	NETWORK APPLIANCE, INC., a Delaware
corporation	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

[cc all Participants]

Annex 2 – Page 2

 

 

Annex 3

Notice of LIBOR Period Election

[Date]

BNP Paribas Leasing Corporation

12201 Merit Drive, Suite 860

Dallas, Texas 75251

Attention: Lloyd G. Cox, Managing Director

Telecopy: (972) 788-9140

Gentlemen:

     Capitalized terms used in this letter are intended to have the meanings assigned to them in
the Amended and Restated Common Definitions and Provisions Agreement (RTP Data Center) dated as of
November 29, 2007, between you, BNP Paribas Leasing Corporation, and the undersigned, Network
Appliance, Inc.. This letter constitutes notice of our election to make the first Construction
Period or Base Rent Period beginning on or after
                    , 20___ subject to a LIBOR Period
Election of                      month(s).

     We understand that until a different election becomes effective as provided in definitions of
“ABR Period Election” and “LIBOR Period Election” in the Amended and Restated Common Definitions
and Provisions Agreement (RTP Data Center), all subsequent Periods will also be subject to the same
LIBOR Period Election.

NOTE: YOU ARE ENTITLED TO DISREGARD THIS NOTICE IF THE NUMBER OF MONTHS SPECIFIED ABOVE IS
NOT A PERMITTED NUMBER UNDER THE DEFINITION OF “LIBOR PERIOD ELECTION” IN THE AMENDED AND RESTATED
COMMON DEFINITIONS AND PROVISIONS AGREEMENT (RTP DATA CENTER), OR IF THE DATE SPECIFIED ABOVE
CONCERNING THE COMMENCEMENT OF THE LIBOR PERIOD ELECTION IS LESS THAN FIVE BUSINESS DAYS AFTER YOUR
RECEIPT OF THIS NOTICE. HOWEVER, WE ASK THAT YOU NOTIFY US IMMEDIATELY IF FOR ANY REASON YOU
BELIEVE THIS NOTICE IS DEFECTIVE.

	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	NETWORK APPLIANCE, INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

[cc all Participants]

 

 

Annex 4

Minimum Insurance Requirements

A. PROVISIONS APPLICABLE BOTH BEFORE AND AFTER THE COMPLETION DATE.

     1. Other Requirements Not Affected: The insurance coverages required by this Annex
represent minimum requirements of BNPPLC and other Interested Parties and are not to be construed
to modify or limit NAI’s indemnities or other agreements in the Agreement to which this Annex is
attached or in any other Operative Document. Such required coverages do not constitute a
representation or determination by BNPPLC of the minimum insurance coverages NAI should maintain
for its own protection.

     2. Requirements Apply Only to the Property: Further, the insurance coverages
required by this Annex apply only to the Property, it being understood that nothing in this Annex
is intended to impose minimum insurance requirements upon NAI with respect to other properties
owned or leased by NAI.

     3. Failure to Obtain: Failure of BNPPLC to demand certificate or other evidence of
full compliance with these insurance requirements, or failure of BNPPLC to identify a deficiency
from evidence that is provided, will not be construed as a waiver of NAI’s obligation to maintain
required insurance.

     4. Copies of Policies: NAI must provide to BNPPLC, at the offices of NAI, copies of
all insurance policies required herein within ten (10) days after receipt of a request for such
copies from BNPPLC or as soon as practicable if policies are in the process of being issued by the
applicable insurer. Such copies must be certified as complete and correct by an authorized
representative of the applicable insurer, subject to availability from the insurance company.

     5. Inconsistent Endorsements. The insurance policies maintained to comply with these
requirements will contain no endorsements that restrict, limit, or exclude coverages in any manner
that is inconsistent with these express requirements without the prior express written approval of
BNPPLC.

     6. Limits of Liability. The limits of liability necessary to satisfy these
requirements may be provided by a single policy of insurance or by a combination of primary and
umbrella/excess policies, but in no event will the total limits of liability available for any one
occurrence or accident be less than the amount required herein.

     7. Additional
Insured Status. Additional insured status will be
provided in favor

Annex 4 – Page 1

 

 

of
BNPPLC and other Interested Parties on all liability insurance required herein except workers’
compensation and employer’s liability. Such additional insured status will be provided on a basis
that neither limits coverage to the additional insured by reason of its negligence (sole or
otherwise) nor excludes coverage for completed operations with respect to construction of the
Improvements.

     8. Primary Liability. The insurance policies maintained to comply with these
requirements will be primary to all insurance available to BNPPLC and other Interested Parties,
collectively or individually, with BNPPLC and other Interested Parties’ insurance being excess,
secondary and non-contributing (except in the case of workers’ compensation and employer’s
liability insurance). Where necessary, coverage will be endorsed to provide such primary
liability.

B. PROVISIONS APPLICABLE BEFORE THE COMPLETION DATE.

     1. General Terms and Conditions.

A. Definitions: For purposes of this Annex:

“Construction Period Policies” means insurance policies that satisfy
the minimum requirements set forth in this Annex and that NAI has obtained or
required its Contractors to obtain with respect to the Property prior to the
Completion Date.

“Contractor” will include subcontractors of any tier.

“ISO” means Insurance Services Office.

B. Status and Rating of Insurance Company. All insurance coverages required herein
prior to the Completion Date will be written through insurance companies admitted to do
business in the State of North Carolina and rated upon each renewal no less than A-: VII in
the then most current edition of A.M. Best’s Key Rating Guide.

C. Waiver of Subrogation. All insurance coverages carried by NAI with respect to
the Construction Project, whether required herein or not, will provide a waiver of
subrogation in favor of BNPPLC and other Interested Parties.

D. Release and Waiver: Without limiting other waivers or provisions in favor
of BNPPLC and other Interested Parties in any of the Operative Documents or other
attachments thereto, NAI hereby releases, and agrees to cause all Contractors performing any
Work prior to the Completion Date (other than subcontractors providing goods and/or

Annex 4 – Page 2

 

 

services
with a value of less than $100,000) to release, BNPPLC and all other Interested Parties from
any and all claims or causes of action whatsoever that NAI and/or such Contractors might
otherwise now or hereafter have resulting from or in any way connected with any loss covered
by insurance, whether required herein or not, or which would have been covered by insurance
required herein but for a failure of NAI and/or its Contractors to maintain such insurance.

E. Initial Insurance Representations to BNPPLC and Other Interested Parties: NAI
represents, acknowledges and agrees that:

     1. Any Construction Period Policies not previously obtained will be
obtained by NAI (or by the primary Contractor engaged by NAI to perform the
Work), and the initial premiums for all Construction Period Policies will be
paid, before NAI requests Construction Advances that cause the Lease Balance
to exceed $2,000,000; and notwithstanding anything to the contrary in the
Construction Agreement, BNPPLC may refuse to fund any Construction Advances
that would cause the Lease Balance to exceed $2,000,000 prior to such time
as BNPPLC is satisfied that NAI has obtained and paid the premiums for the
Construction Period Policies. Moreover, in the case of the Builder’s Risk
Policy, the premium must be paid or prepaid for the entire period through
the projected Completion Date before the Lease Balance exceeds $2,000,000.

     2. The coverages provided by the Construction Period Policies will not
be terminated or modified to reduce, limit or qualify coverages in any
material respect without BNPPLC’s prior written consent in each case by
reason of any act or omission on the part of NAI or anyone acting for or
authorized to act for NAI (including any Contractor engaged by NAI to obtain
the Construction Period Policies for NAI). Without limiting the foregoing,
NAI will not do or authorize any act or omission that could cause the
coverage provided with respect to any Improvements by the Builder’s Risk
Policy to expire or lapse before the Completion Date.

     3. NAI must notify BNPPLC with reasonable promptness of any possible
damage claims known to NAI that NAI believes are, individually or taken
together, reasonably likely to a exceed seventy-five percent (75%) of any
aggregate limit of the Builder’s Risk Policy required herein.

     4. NAI will endeavor in good faith to cause each certificate of
insurance which is provided to BNPPLC by an insurer, or its authorized

Annex 4 – Page 3

 

 

representative, at the request of NAI in regard to any Construction Period
Policies to include the following express provision:

This is to certify that the policies of insurance described
herein have been issued to the Insured for whom this
certificate is executed and are in force at this time. In
the event of cancellation or non-renewal of coverage
affecting the certificate holder, other than by reason of
nonpayment of premium, thirty (30) days prior written notice
will be given to the certificate holder by certified mail or
registered mail, return receipt requested. In the event of
cancellation or non-renewal of coverage affecting the
certificate holder by reason of nonpayment of premium, ten
(10) days prior written notice will be given to the
certificate holder by certified mail or registered mail,
return receipt requested.

It is understood, however, that an insurer issuing such a certificate may
decline to include the foregoing statement in the certificate, in which case
NAI will instead deliver the certificate to BNPPLC with a cover letter from
NAI itself which states substantially as follows:

Enclosed is a certificate of insurance, which has been
issued by an insurer or its authorized representative, and
which we are providing to you to confirm that policies
described in the certificate have been issued to NAI or
another insured named in the certificate and are in force at
this time. NAI also certifies to you that such policies
have been issued, and in the event of any cancellation,
non-renewal, or reduction in coverage affecting you (BNP
Paribas Leasing Corporation) or other Interested Parties,
NAI will give you thirty (30) days prior written notice by
certified mail or registered mail, return receipt requested.

     5. NAI will also endeavor in good faith to cause each
Construction Period Policy to be endorsed to provide, in effect, that (A) in
the event of cancellation, non-renewal, or reduction in coverage affecting
BNPPLC, other than by reason of nonpayment of premium, thirty (30)
days prior written notice will be given by the insurer to BNPPLC by
certified mail or registered mail, return receipt requested; and (B) in the
event of cancellation, non-renewal, or reduction in coverage affecting
BNPPLC by reason of nonpayment of premium, ten (10) days prior written

Annex 4 – Page 4

 

 

notice will be given by the insurer to BNPPLC by certified mail or
registered mail, return receipt requested.

     2. Commercial General Liability Insurance. Throughout the period from the Effective
Date to the Completion Date, NAI will maintain commercial general liability insurance in accordance
with the following requirements:

A. Coverage: Such insurance will cover liability (as to claims covered by the form
of CGL policy specified below, including claims for bodily injury and property damage)
arising from any occurrence on or about the Land or from any operations conducted on or
about the Land, including but not limited to tort liability assumed under any of the
Operative Documents. Defense will be provided as an additional benefit and not included
within the limit of liability.

B. Form: Commercial General Liability Occurrence form (ISO CG 0001, dated 12 04, or
an equivalent substitute form providing the same or greater coverage, and in any case
written to provide primary coverage to BNPPLC as provided in Part A.8 above).

C. Amount of Insurance: Coverage will be provided with limits of not less than:

	 	 	 	 	 	 	 	 	 
	 
	 	i.	 	Each Occurrence Limit	 	$	1,000,000	 
	 
	 	 	 	 	 	 	 	 
	 
	 	ii.	 	General Aggregate Limit	 	$	2,000,000	 
	 
	 	 	 	 	 	 	 	 
	 
	 	iii.	 	Product-Completed Operations Aggregate Limit	 	$	2,000,000	 
	 
	 	 	 	 	 	 	 	 
	 
	 	iv.	 	Personal and Advertising Injury Limit	 	$	1,000,000	 

D. Required Endorsements:

	 	 	 	 	 	 	 
	 

	 	i.
	 	Additional Insured.
	 	as required in Part A.7 above.
	 
	 	 	 	 	 	 
	 

	 	ii.
	 	Aggregate Per Location
	 	The aggregate limit will apply
separately to each location through use of an Aggregate Limit of
Insurance Per Location endorsement
(ISO CG 2504 1185 or its equivalent).

Annex 4 – Page 5

 

 

	 	 	 	 	 	 	 
	 

	 	iii.
	 	Notice of Cancellation,
Nonrenewal or
Reduction in Coverage:
	 	Consistent with Part
B.1.E.5 above.
	 
	 	 	 	 	 	 
	 

	 	iv.
	 	Personal Injury Liability:
	 	The personal injury
contractual liability exclusion will be deleted.
	 
	 	 	 	 	 	 
	 

	 	v.
	 	Primary Liability:
	 	As required in Part A.8
above.
	 
	 	 	 	 	 	 
	 

	 	vi.
	 	Waiver of Subrogation:
	 	As required in Part B.1.C
above.

E. Deductible or Self Insured Retention Under Liability Policies: If a gap in the
liability insurance coverage provided to BNPPLC or another Interested Party under any
Construction Period Policy results from any deductible, self-insured retention or other
similar arrangement to which NAI agrees, then such gap must be covered by one or more other
Construction Period Policies, such that liability insurance protection afforded to BNPPLC
and other Interested Parties by all such Construction Period Policies, taken together, is no
less than it would be if NAI had not agreed to the deductible, self-insured retention or
other similar arrangement.

     3. Workers’ Compensation/Employer’s Liability Insurance. Throughout the period from
the Effective Date to the Completion Date, NAI will maintain workers’ compensation and employer’s
liability insurance in accordance with the following requirements:

A. Coverage: Such insurance will cover liability arising out of NAI’s employment of
workers and anyone for whom NAI may be liable for workers’ compensation claims.

B. Amount of Insurance: Coverage will be provided with a limit of not less than:

	 	 	 	 	 	 	 
	 

	 	i.
	 	Workers’ Compensation:
	 	Statutory limits.
	 
	 	 	 	 	 	 
	 

	 	ii.
	 	Employer’s Liability:

	 	$1,000,000 each accident and each disease.

C. Required Endorsements:

	 	 	 	 	 	 	 
	 

	 	i.
	 	Notice of Cancellation,
Nonrenewal or Reduction
in Coverage:
	 	Consistent with Part B.1.E.5 above.
	 
	 	 	 	 	 	 
	 

	 	ii.
	 	Waiver of Subrogation:
	 	As required in Part B.1.C above.

Annex 4 – Page 6

 

 

     4. Umbrella/Excess Liability Insurance. Throughout the period from the
Effective Date to the Completion Date, NAI will maintain umbrella/excess liability insurance in
accordance with the following requirements:

A. Coverage: Such insurance will be excess over and be no less broad than all
coverages described in the preceding subsections 1, 2 and 3 and will include a drop-down
provision if commercially available.

B. Form: This policy will have the same inception and expiration dates as the
commercial general liability insurance required above or a nonconcurrency endorsement.

C. Amount of Insurance: Coverage will be provided with a limit of not less than
$10,000,000 per occurrence and in the aggregate.

     5. Builders Risk Insurance. Throughout the period from the Effective Date to the
Completion Date, NAI will maintain or cause to be maintained property insurance (Builders Risk
Insurance) in accordance with the following requirements:

A. Insureds: Protection will extend to BNPPLC as a Named Insured or Additional
Named Insured as its interest may appear; and the policy will be modified if necessary so
that the protection afforded to BNPPLC is not reduced or impaired by acts or omissions of
NAI or any other beneficiary or insured. (Such modification of the policy may be by
endorsement comparable to a standard mortgagee clause; not limited, however, by its terms to
BNPPLC’s rights “as a mortgagee” and not conditioned upon rights of the insurer to be
subrogated to BNPPLC’s rights under the Operative Documents in the event of a payment of
insurance proceeds to BNPPLC.)

B. Covered Property: Such insurance will cover:

	 	i.	 	Improvements and any equipment made or to be made a permanent part of the
Property;
	 
	 	ii.	 	structure(s) under construction;
	 
	 	iii.	 	property including materials and supplies on site for installation;
	 
	 	iv.	 	property including materials and supplies at other locations but intended for
use at the site;
	 
	 	v.	 	property including materials and supplies in transit to the site for
installation; and

Annex 4 – Page 7

 

 

	 	vi.	 	temporary structures (e.g., scaffolding, falsework, and temporary buildings)
located at the site.

C. Form: Coverage will be on an “all risk” form, will include theft and flood and
be written on a completed-value basis with no co-insurance provision. No protective
safeguard warranty will be permitted.

D. Amount of Insurance: Real property coverage will be provided in an amount equal
at all times to the full replacement value, exclusive of land, foundation, footings,
excavations and grading.

E. Deductibles. Deductibles applicable to the Builder’s Risk Policy will not exceed
the following:

	 	 	 	 	 	 	 
	 
	 	i.	 	All Risks of Direct Damage, Per Occurrence, except flood or water damage	 	$50,000
	 
	 	 	 	 	 	 
	 
	 	ii.	 	Delayed Opening Waiting Period	 	30 Days
	 
	 	 	 	 	 	 
	 
	 	iii	 	Water Damage (including flood), Per Occurrence	 	$100,000; or (in the case of flood) excess of NFIP if in Flood Zone A

F. Termination of Coverage: The termination of coverage provision will be endorsed
to permit occupancy of the covered property being constructed. Further, NAI will maintain
or cause the insurance to be maintained in effect, unless otherwise provided for the
Operative Documents, until the earliest of the following dates:

	 	i.	 	the date on which all persons and organizations who are insureds under the
policy agree that it is terminated;
	 
	 	ii.	 	any termination or expiration of the Lease upon the Designated Sale Date, which
is the date upon which final payment is expected under the Operative Documents; or
	 
	 	iii.	 	the date on which the insurable interests in the Covered Property of all
insureds other than NAI have ceased;

G. Required Endorsements and Minimum Sublimits:

Annex 4 – Page 8

 

 

	 	 	 	 	 
	i.

	 	Additional Expenses Due To Delay
In Completion Project, including but
not limited to financing costs including
interest expenses, insurance expenses,
professional fees and taxes;
	 	Included with specific
sublimits (based on an
estimated 12 period of
indemnity) as follows:

$1,900,000 — construction
financing interest.
	 
	 	 	 	 
	 

	 	 	 	$380,000 — real estate taxes
	 
	 	 	 	 
	 

	 	 	 	$204,000 — insurance
premiums
	 
	 	 	 	 
	ii.

	 	Agreed Value;
	 	No coinsurance
	 
	 	 	 	 
	iii.

	 	Boiler & Machinery on
a Comprehensive Basis;
	 	Included without sublimit
	 
	 	 	 	 
	iv.

	 	Damage Resulting From
or Arising From Error, Omission
or Deficiency In Design,
Specifications, Workmanship
or Materials, Including Collapse;
	 	Included without sublimit
	 
	 	 	 	 
	v.

	 	Debris Removal Additional
Limit; Debris Removal
	 	$4,000,000 sublimit
	 
	 	 	 	 
	vi.

	 	[intentionally deleted]	 	 
	 
	 	 	 	 
	vii.

	 	Expediting Expenses;
	 	$50,000 sublimit
	 
	 	 	 	 
	viii.

	 	Flood or other Water
Damage — Annual Aggregate
	 	$10,000,000 sublimit
	 
	 	 	 	 
	ix.

	 	Freezing;
	 	$100,000 sublimit
	 
	 	 	 	 
	x.

	 	Notice of Cancellation
or Reduction;
	 	Consistent with Part B.1.E.5
above
	 
	 	 	 	 
	xi.

	 	Occupancy Clause;
	 	Consistent with Part B.5.F 

Annex 4 – Page 9

 

 

	 	 	 	 	 	 
	 	

	 	 	 	above
	 
	 	xii.

	 	Demolition /Increased Cost of
Cost of Construction — Per Occurrence
	 	$1,000,000 sublimit
	 	 
	 	 	 	 
	 	xiii.

	 	Pollutant Clean-Up
and Removal, provided that
such condition ensues following
a loss from a covered peril;
	 	Included in Debris Removal sublimit
	 	 
	 	 	 	 
	 	xiv.

	 	Preservation of Property;
	 	Included without sublimit
	 	 
	 	 	 	 
	 	xv.

	 	Repair, Replace or Re-erect Valuation Clause;
	 	Included without sublimit
	 	 
	 	 	 	 
	 	xvi.

	 	Testing;
	 	Included without sublimit
	 	 
	 	 	 	 
	 	xvii.

	 	Waiver of Subrogation.
	 	As required in Part B.1.C
above

     6. Evidence of Insurance. NAI will provide confirmation of the insurance required
prior to the Completion Date in accordance with the following:

A. Provision of Evidence. Evidence of the insurance coverage required to be
maintained by NAI, represented by certificates of insurance or policies and endorsements
issued by the insurance company or its legal agent, must be furnished to BNPPLC prior to the
Effective Date. New certificates of insurance or policies and endorsements will be provided
to BNPPLC prior to or concurrent with the termination date of the current certificates of
insurance or policies and endorsements.

B. Form:

	 	i.	 	The Builders Risk Insurance will be evidenced by ACORD form 28,
“Evidence of Property Insurance”, completed in a manner satisfactory to BNPPLC
to show compliance with the requirements of this Annex. To the
extent requested by BNPPLC, copies of endorsements to such insurance must be
attached to such form.
	 
	 	ii.	 	All liability insurance required herein will be evidenced by
ACORD form 25, “Certificate of Insurance”, in each case completed in a manner
satisfactory to BNPPLC to show compliance with the requirements of this Annex.
To the extent requested by BNPPLC, copies of endorsements to this insurance
must be attached to such form.

Annex 4 – Page 10

 

 

C. Specifications: Such certificates of insurance or policies and
endorsements will specify:

	 	i.	 	BNPPLC as a certificate holder with correct mailing address as
provided by BNPPLC.
	 
	 	ii.	 	Insured’s name, which must match that on the Agreement to which
this Annex is attached.
	 
	 	iii.	 	Insurance companies affording each coverage, policy number of
each coverage, policy dates of each coverage, all coverages and limits
described herein, and signature of authorized representative of insurance
company.
	 
	 	iv.	 	Producer of the certificate with correct address and phone
number listed.
	 
	 	v.	 	Additional or named insured status of BNPPLC as required by
this Annex.
	 
	 	vi.	 	Aggregate limits per location (except as to the umbrella
liability insurance) required by this Annex.
	 
	 	vii.	 	Amount of any deductibles and/or retentions.
	 
	 	viii.	 	Cancellation, nonrenewal and reduction in coverage
notification consistent with Part B.1.E.5 above. Additionally, NAI
will endeavor in good faith to cause any insurer issuing to BNPPLC a
certificate on ACORD form 25 to delete the words “endeavor to” and “but failure
to mail such notice shall impose no obligation or liability of any kind upon
Company, it agents or representatives” from the cancellation provision of such
form.
	 
	 	ix.	 	Primary status as required by this Annex.
	 
	 	x.	 	Waivers of subrogation as required by this Annex.

D. Required Endorsements. A copy of each required endorsement will, if and as
requested by BNPPLC from time to time, also be provided.

E. Commencement of Construction. Commencement of construction without
provision of the required certificate of insurance and/or required policies and
endorsements, or without compliance with any other provision of this Annex or the Agreement
to which it is attached, will not constitute a waiver by BNPPLC of any rights. BNPPLC will
have the right, but not the obligation, of prohibiting NAI or any Contractor

Annex 4 – Page 11

 

 

from performing
any work until such certificate of insurance and/or required policies and endorsements are
received by BNPPLC.

     7. Contractor’s Insurance: To the extent, if any, necessary to preserve or provide
liability coverage for BNPPLC and other Interested Parties with regard to operations performed on
or about the Property prior to the Completion Date, NAI will require Contractors to provide (or
will provide the coverage on behalf of Contractors) similar to that required of NAI by the
foregoing provisions of this Annex. In the event NAI requires any Contractor to maintain
Construction Period Policies necessary to comply with these insurance requirements, NAI will also
require such Contractor to provide and maintain certificates of insurance containing provisions as
described herein (modified to recognize the Contractor, rather than NAI, as named insured)
enumerating, among other things, the waivers of subrogation, additional or named insured status,
and primary liability as required herein; and in such event NAI will cause the Contractor to make
those insurance certificates available to BNPPLC upon request.

C. PROVISIONS APPLICABLE AFTER THE COMPLETION DATE.

     1. Liability Insurance: After the Completion Date and throughout the Term of the
Lease, NAI must maintain commercial general liability insurance against claims for bodily injury,
death, advertising injury and property damage occurring in or upon or resulting from any occurrence
in or upon the Property under one or more insurance policies, all in such amounts, with such
insurance companies and upon such terms and conditions (including self-insurance, whether by
deductible, retention, or otherwise) as are consistent with NAI’s normal insurance practices in the
United States. In any event, policies under which NAI maintains such liability insurance must
provide, by endorsement or otherwise, that BNPPLC and other Interested Parties are also insured
thereunder against such claims with coverage that is not limited by any negligence or allegation of
negligence on their part and with coverage that is primary, not merely excess over or contributory
with the other commercial general liability coverage they may themselves maintain.

     2. Property Insurance: After the Completion Date and throughout the Term of the Lease,
NAI must keep all Improvements (including all alterations, additions and changes made to the
Improvements) insured against fire and other casualty under one or more property insurance
policies, all in such amounts, with such insurance companies and upon such terms and conditions
(including self-insurance, whether by deductible, retention, or otherwise) as are consistent with
NAI’s normal insurance practices in the United States. In any event, policies under which NAI
maintains such insurance must:

	 	i.	 	show BNPPLC as an additional insured as its interest may appear; and
	 
	 	ii.	 	provide that the protection afforded to BNPPLC thereunder is primary (such that

Annex 4 – Page 12

 

 

	 	 	 	any policies maintained by BNPPLC itself will be excess, secondary and noncontributing)
and is not to be reduced or impaired by acts or omissions of NAI or any other
beneficiary or insured.

     3. Evidence of Insurance. NAI will provide confirmation of the insurance required
after the Completion Date in accordance with the following:

A. Provision of Evidence. Evidence of the insurance coverage required to be
maintained by NAI, represented by certificates of insurance, evidence of insurance, and
endorsements issued by the insurance company or its legal agent, must be furnished to BNPPLC
prior to the Completion Date. New certificates of insurance, evidence of insurance, and
endorsements will be provided to BNPPLC prior to or concurrent with the termination date of
the current certificates of insurance, evidence of insurance, and endorsements.

B. Form:

	 	i.	 	The property insurance will be evidenced by ACORD form 28,
“Evidence of Property Insurance”, completed in a manner reasonably satisfactory
to BNPPLC to show compliance with the requirements of this Annex.
	 
	 	ii.	 	The liability insurance will be evidenced by ACORD form 25,
“Certificate of Insurance”, in each case completed in a manner reasonably
satisfactory to BNPPLC to show compliance with the requirements of this Annex.
To the extent requested by BNPPLC, copies of endorsements giving additional
insured status to BNPPLC and other Interested Parties must be attached to such
form.

C. Specifications: Such certificates of insurance or policies and endorsements will
specify:

	 	i.	 	BNPPLC as a certificate holder with correct mailing address as
provided by BNPPLC.
	 
	 	ii.	 	Insured’s name, which must match that on the Agreement to which
this Annex is attached.
	 
	 	iii.	 	Insurance companies affording each coverage, policy number of
each coverage, policy dates of each coverage, all coverages and limits
described herein, and signature of authorized representative of insurance
company.

Annex 4 – Page 13

 

 

	 	iv.	 	Producer of the certificate with correct address and phone number listed.
	 
	 	v.	 	Additional or named insured status of BNPPLC as required by
this Annex.
	 
	 	vi.	 	Aggregate limits.
	 
	 	vii.	 	Amount of any deductibles and/or retentions.

	 
	 	viii.	 	Primary status as required by this Annex.
	 
	 	ix.	 	Waivers of subrogation as required by this Annex.

Annex 4 – Page 14exv10w54

Exhibit
10.54

AMENDED AND RESTATED

PURCHASE AGREEMENT
(RTP DATA CENTER)

BETWEEN

NETWORK APPLIANCE, INC.

(“NAI”)

AND

BNP PARIBAS LEASING CORPORATION

(“BNPPLC”)

November 29, 2007

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	1	 	Additional Definitions	 	 	2	 
	 	 	“97-1/Default (100%)”	 	 	2	 
	 	 	“Adjusted Lease Balance”	 	 	3	 
	 	 	“Applicable Purchaser”	 	 	3	 
	 	 	“Balance of Unpaid Construction Period Losses”	 	 	3	 
	 	 	“BNPPLC’s Actual Out of Pocket Costs”	 	 	4	 
	 	 	“Break Even Price”	 	 	5	 
	 	 	“Committed Price”	 	 	5	 
	 	 	“Conditions to NAI’s Initial Remarketing Rights”	 	 	5	 
	 	 	“Contingent Losses”	 	 	5	 
	 	 	“Decision Not to Sell at a Loss”	 	 	5	 
	 	 	“Deemed Sale”	 	 	6	 
	 	 	“Extended Remarketing Period”	 	 	6	 
	 	 	“Fair Market Value”	 	 	6	 
	 	 	“Final Sale Date”	 	 	6	 
	 	 	“Initial Remarketing Notice”	 	 	6	 
	 	 	“Initial Remarketing Price”	 	 	6	 
	 	 	“Lease Balance”	 	 	7	 
	 	 	“Make Whole Amount”	 	 	7	 
	 	 	“Maximum Remarketing Obligation”	 	 	7	 
	 	 	“Must Sell Price”	 	 	8	 
	 	 	“NAI’s Extended Remarketing Right”	 	 	8	 
	 	 	“NAI’s Initial Remarketing Rights”	 	 	8	 
	 	 	“NAI’s Target Price”	 	 	8	 
	 	 	“Notice of Sale”	 	 	8	 
	 	 	“Proposed Sale”	 	 	8	 
	 	 	“Proposed Sale Date”	 	 	8	 
	 	 	“Purchase Option”	 	 	8	 
	 	 	“Put Option”	 	 	8	 
	 	 	“Qualified Sale”	 	 	8	 
	 	 	“Sale Closing Documents”	 	 	9	 
	 	 	“Supplemental Payment”	 	 	9	 
	 	 	“Supplemental Payment Obligation”	 	 	9	 
	 	 	“Valuation Procedures”	 	 	10	 
	 
	 	 	 	 	 	 	 	 
	2	 	NAI’s Options and Obligations on the Designated Sale Date	 	 	10	 
	 

	 	(A)
	 	Purchase Option; Initial Remarketing Rights;
Supplemental Payment Obligation	 	 	10	 
	 

	 	(B)
	 	Designation of the Purchaser	 	 	12	 
	 

	 	(C)
	 	Delivery of Property Related Documents If BNPPLC
Retains the Property	 	 	12	 
	 
	 	(D)	 	Effect of the Purchase Option and NAI’s
Initial Remarketing Rights on	 	 	 	 

 

 

TABLE
OF CONTENTS
(Continued)

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 	 	 	 	Subsequent Title
Encumbrances	 	 	12	 
	 

	 	(E)
	 	Security for NAI’s Purchase
Option	 	 	13	 
	 
	 	 	 	 	 	 	 	 
	3	 	NAI’s Rights, Options and Obligations After the Designated Sale Date	 	 	13	 
	 

	 	(A)
	 	NAI’s Right to Buy During the Thirty Days After
the Designated Sale Date	 	 	13	 
	 

	 	(B)
	 	NAI’s Obligation to Buy if Certain Conditions are Satisfied	 	 	13	 
	 

	 	(C)
	 	NAI’s Extended Right to Remarket	 	 	14	 
	 

	 	(D)
	 	Deemed Sale On the Second Anniversary of the Designated Sale Date	 	 	15	 
	 

	 	(E)
	 	NAI’s Right to Share in Sales Proceeds Received
By BNPPLC From any Qualified Sale	 	 	15	 
	 
	 	 	 	 	 	 	 	 
	4	 	Transfers By BNPPLC After the Designated Sale Date	 	 	16	 
	 

	 	(A)
	 	BNPPLC’s Right to Sell	 	 	16	 
	 

	 	(B)
	 	Survival of NAI’s Rights and the
Supplemental Payment Obligation	 	 	16	 
	 

	 	(C)
	 	Easements and Other Transfers in the Ordinary Course of Business	 	 	16	 
	 
	 	 	 	 	 	 	 	 
	5	 	Terms of Conveyance Upon Purchase	 	 	17	 
	 

	 	(A)
	 	Tender of Sale Closing Documents	 	 	17	 
	 

	 	(B)
	 	Delivery of Escrowed Proceeds	 	 	17	 
	 
	 	 	 	 	 	 	 	 
	6	 	Survival and Termination of the Rights and Obligations of NAI and BNPPLC	 	 	17	 
	 

	 	(A)
	 	Status of this Agreement Generally	 	 	17	 
	 

	 	(B)
	 	Election by NAI to Terminate the Supplemental Payment Obligation Prior to the Completion Date	 	 	18	 
	 

	 	(C)
	 	Automatic Termination of NAI’s Rights	 	 	19	 
	 

	 	(D)
	 	Payment Only to BNPPLC	 	 	19	 
	 

	 	(E)
	 	Preferences and Voidable Transfers	 	 	19	 
	 

	 	(F)
	 	Remedies Under the Other Operative Documents	 	 	19	 
	 
	 	 	 	 	 	 	 	 
	7	 	Certain Remedies Cumulative	 	 	20	 
	 
	 	 	 	 	 	 	 	 
	8	 	Attorneys’ Fees and Legal Expenses	 	 	20	 
	 
	 	 	 	 	 	 	 	 
	9	 	Successors and Assigns	 	 	20	 
	 
	 	 	 	 	 	 	 	 
	10	 	Amendment and Restatement of Prior Purchase Agreement	 	 	20	 

(ii)

 

TABLE
OF CONTENTS
(Continued)

Exhibits and Schedules

	 	 	 	 	 
	Exhibit A
	 	Legal Description

	 
	 	 	 	 
	Exhibit B
	 	Valuation Procedures

	 
	 	 	 	 
	Exhibit C
	 	Requirements Re: Forms to Accomplish Assignment and Conveyance

	 
	 	 	 	 
	Exhibit C-1
	 	Agreement Concerning Ground Lease

	 
	 	 	 	 
	Exhibit C-2
	 	Form of Assignment of Ground Lease and Improvements

	 
	 	 	 	 
	Exhibit C-3
	 	Form of Bill of Sale and Assignment

	 
	 	 	 	 
	Exhibit C-4
	 	Form of Acknowledgment of Disclaimer of Representations and Warranties

	 
	 	 	 	 
	Exhibit D
	 	Secretary’s Certificate

	 
	 	 	 	 
	Exhibit E
	 	FIRPTA Statement

	 
	 	 	 	 
	Exhibit F
	 	Notice of Election to Terminate the Supplemental Payment Obligation

(iii)

 

AMENDED AND RESTATED

PURCHASE AGREEMENT

(RTP DATA CENTER)

     This AMENDED AND RESTATED PURCHASE AGREEMENT (RTP DATA CENTER) (this “Agreement”), dated as of
November 29, 2007 (the “Effective Date”), is made by and between BNP PARIBAS LEASING CORPORATION
(“BNPPLC”), a Delaware corporation, and NETWORK APPLIANCE, INC. (“NAI”), a Delaware corporation.

RECITALS

     Contemporaneously with the execution of this Agreement, BNPPLC and NAI are executing an
Amended and Restated Common Definitions and Provisions Agreement (RTP Data Center) dated as of the
Effective Date (the “Common Definitions and Provisions Agreement”), which by this reference is
incorporated into and made a part of this Agreement for all purposes. As used in this Agreement,
capitalized terms defined in the Common Definitions and Provisions Agreement and not otherwise
defined in this Agreement are intended to have the respective meanings assigned to them in the
Common Definitions and Provisions Agreement.

     Contemporaneously with this Agreement, BNPPLC is executing and accepting an Amended and
Restated Ground Lease (RTP Data Center) dated as of the Effective Date (the “Ground Lease”) from
NAI, pursuant to which BNPPLC is acquiring a leasehold estate in the Land described in
Exhibit A and any existing Improvements on the Land.

     Also contemporaneously with this Agreement, BNPPLC and NAI are executing an Amended and
Restated Construction Agreement (RTP Data Center) dated as of the Effective Date (the“Construction
Agreement”) and an Amended and Restated Lease Agreement (RTP Data Center) dated as of the Effective
Date (the “Lease”). Pursuant to the Construction Agreement, BNPPLC is agreeing to provide funding
for the construction of new Improvements. When the term of the Lease commences, the Lease will
cover all Improvements on the Land described in Exhibit A. (As used herein, “Property”
means (i) all of BNPPLC’s interests, including those created by the Ground Lease, in the Land and
in the Improvements and in all other real and personal property from time to time covered or to be
covered by the Lease and included within the “Property” as defined therein, and (ii) BNPPLC’s
interest in any Escrowed Proceeds yet to be applied as a Qualified Prepayment or to the cost of
repairs to the Improvements or other property covered by the Lease; except that, for purposes of
this Agreement, the Property will not include any condemnation or insurance proceeds included in
Escrowed Proceeds as a result of any Pre-lease Force Majeure Event, nor will it include any right
to receive any such condemnation or insurance proceeds in the future, unless NAI itself or one of
its Affiliates purchases the Property from BNPPLC as provided in subparagraphs 2(A)(1), 3(A) or
3(B) below.)

     NAI and
BNPPLC have agreed on the terms and conditions upon which NAI may

 

 

purchase or arrange for the purchase of the Property, and by this Agreement they desire to confirm all such
terms and conditions.

AGREEMENTS

1 Additional Definitions. As used in this Agreement, capitalized terms defined above have
the respective meanings assigned to them above; as indicated above, capitalized terms that are
defined in the Common Definitions and Provisions Agreement and that are used but not otherwise
defined have the respective meanings assigned to them in the Common Definitions and Provisions
Agreement; and, the following terms have the following respective meanings:

     “97-1/Default (100%)” means a Default that is or results from any of the following:

     (A) a failure of NAI to make any payment required by any Operative Document, including
(i) any 97-10/Prepayment payable as provided in Paragraph 9 of the Construction
Agreement, (ii) any other amounts payable under the Construction Agreement because of
Covered Construction Period Losses, (iii) any payment of Rent required by the Lease or (iv)
any Supplemental Payment required by this Agreement;

     (B) any Hazardous Substance Activities on or about the Land;

     (C) any failure of NAI after the Completion Date to insure, maintain, operate or repair
the Property in accordance with all terms and conditions of the Lease;

     (D) any failure of NAI to apply insurance or condemnation proceeds received by NAI as
required by the Construction Agreement or the Lease, as applicable;

     (E) any breach by NAI of the Ground Lease;

     (F) any bankruptcy or insolvency proceeding involving NAI or any of its Subsidiaries,
as the debtor, or any of the events or circumstances described in clauses (G), (H) or (I) of
the definition of Event of Default in the Common Definitions and Provisions Agreement;

     (G) any breach by NAI of the financial covenants in subparagraph 3(C) of the Closing
Certificate that occurs or continues after the Completion Date;

     (H) a failure of NAI or any of its Subsidiaries, which occurs or continues after
the Completion Date, to pay when due a regularly scheduled payment of the principal of or
premium or interest on any of its Indebtedness which is outstanding in a principal amount of
at least $25,000,000, as described in clause (F) of the definition of Event of Default in

Amended and Restated Purchase Agreement (RTP Data Center) – Page 2

 

 

the Common Definitions and Provisions Agreement;

     (I) a failure of NAI or any of its Subsidiaries, which occurs or continues after the
Completion Date, to pay any judgment or order for the payment of money rendered against it
in an amount (not covered by insurance) which exceeds $25,000,000, as described in clause
(J) of the definition of Event of Default in the Common Definitions and Provisions
Agreement;

     (J) any fraud, misapplication of Construction Advances or other funds, illegal acts or
willful misconduct on the part of NAI or its employees or of any other party acting under
NAI’s control or with the approval or authorization of NAI (including any contractor working
for NAI) that occurs prior to the Completion Date; or

     (K) subject to the proviso at the end of Exhibit B, any breach by NAI of the
provisions set forth in Exhibit B.

Except as provided in subparagraph 3(B), the characterization of any Default as a
97-1/Default (100%) will not affect the rights or remedies available to BNPPLC because of
the Default.

“Adjusted Lease Balance” means a dollar amount equal to the following (but not less than
zero):

	 	·	 	the Lease Balance, less
	 
	 	·	 	Pre-lease Force Majeure Losses (if any).

“Applicable Purchaser” means (1) the third party designated by NAI to purchase the Property
at any sale arranged by NAI as provided in this Agreement, or (2) the third party designated
by BNPPLC as the purchaser at any Qualified Sale not arranged by NAI.

“Balance of Unpaid Construction Period Losses” means, subject to the qualifications set
forth below in this definition, an amount equal to the sum of:

	 	(1)	 	the total Losses (if any), including Contingent Losses, that have been incurred
or suffered by BNPPLC or other Interested Parties at any time and from time to time
prior to the Completion Date (or, if no Completion Date occurs prior to the
Designated Sale Date, then prior to the Designated Sale Date) by reason of, in
connection with or arising out of (A) their ownership or alleged ownership of any
interest in the Property or the payments required by the Operative Documents, (B)
the use or operation of the Property, (C) the negotiation, administration or

Amended and Restated Purchase Agreement (RTP Data Center) – Page 3

 

 

	 	 	 	enforcement of the Operative Documents, (D) the making of Funding Advances, (E) the
Construction Project, (F) the breach by NAI of this Agreement or any other Operative
Document or any other document executed by NAI in connection herewith, (G) any
failure of the Property or NAI itself to comply with Applicable Laws, (H) Permitted
Encumbrances, (I) Hazardous Substance Activities, including those occurring prior to
Effective Date, (J) any obligations of BNPPLC under the Ground Lease or the Closing
Certificate, or (K) any bodily or personal injury or death or property damage
occurring in or upon or in the vicinity of the Property through any cause
whatsoever; plus
	 
	 	(2)	 	interest accruing at the Default Rate, compounded annually, on each payment of
any such Losses by BNPPLC or any other Interested Party from the date such payment was
made to the Designated Sale Date.

For purposes of computing the Balance of Unpaid Construction Period Losses, Losses as
described in clause (1) of this definition will include each reduction (if any) (i) in the
Carrying Costs added to the Outstanding Construction Allowance as provided in the
Construction Agreement, or (ii) in the Base Rent payable to BNPPLC as provided in the Lease,
that results from Pre-lease Force Majeure Losses. In other words, the Losses described in
clause (1) will include the additional (if any) Carrying Costs and Base Rent that would have
accrued if Pre-lease Force Majeure Losses were set at zero dollars ($0.00) in the formulas
set forth in the Construction Agreement and in the Lease for calculating Carrying Costs and
Base Rent, respectively.

Notwithstanding the foregoing, however, none of the following will be included in the
Balance of Unpaid Construction Period Losses: (i) amounts included in or paid by BNPPLC with
the proceeds of the Initial Advance (including Transaction Expenses); (ii) Losses paid or
reimbursed from Construction Advances (including Local Impositions, insurance premiums and
amounts paid by NAI prior to the Completion Date and reimbursed to it through Construction
Advances made pursuant to the Construction Agreement, and also including costs and
expenditures incurred or paid by or on behalf of BNPPLC after any Owner’s Election to
Continue Construction, to the extent that such costs and expenditures are considered to be
Construction Advances as provided in the Construction Agreement); (iii) any other Losses
which NAI has paid prior to the Designated Sale Date or for which NAI remains fully
obligated to pay pursuant to the other Operative Documents (including Covered Construction
Period Losses paid or payable by NAI pursuant to the Construction Agreement); and (iv) any decline in the value of
the Property, including any such decline that is attributable solely to a Pre-lease Force
Majeure Event and thus constitutes a Pre-lease Force Majeure Loss.

“BNPPLC’s Actual Out of Pocket Costs” means the out-of-pocket costs and expenses,

Amended and Restated Purchase Agreement (RTP Data Center) – Page 4

 

 

if any, incurred by BNPPLC in connection with a sale of the Property under this Agreement or in
connection with the collection of payments due to it under this Agreement (including any
Breakage Costs; Attorneys’ Fees; appraisal costs; and income, transfer, withholding or other
taxes which do not constitute Excluded Taxes; but not including Excluded Taxes or costs of
removing any Lien Removable by BNPPLC).

“Break Even Price” means an amount equal to:

	 	·	 	the Lease Balance, plus
	 
	 	·	 	BNPPLC’s Actual Out of Pocket Costs, and plus
	 
	 	·	 	an amount equal to the Balance of Unpaid Construction Period Losses (if any).

If, however, the Balance of Unpaid Construction Period Losses includes Contingent Losses,
then for purposes of computing the Break Even Price applicable to any proposed sale on the
Designated Sale Date, NAI may elect to exclude such Contingent Losses from the Break Even
Price by providing to BNPPLC, for the benefit of BNPPLC and other Interested Parties, a
written agreement to indemnify and defend BNPPLC and other Interested Parties against the
excluded Losses. However, to be effective for purposes of reducing the Break Even Price,
any such written indemnity must be fully executed and delivered by NAI on or prior to the
Designated Sale Date, must include provisions comparable to subparagraphs 5(C)(1), (2),
(3), (4) and (5) of the Lease and otherwise must be in form and substance reasonably
satisfactory to BNPPLC.

“Committed Price” has the meaning indicated in subparagraph 3(C)(4).

“Conditions to NAI’s Initial Remarketing Rights” has the meaning indicated in
subparagraph 2(A)(2)(a).

“Contingent Losses” means any Losses that consist of claims asserted against BNPPLC or
another Interested Party prior to the Designated Sale Date, but that are not liquidated or
paid on or prior to the Designated Sale Date. Any Contingent Losses included in the Unpaid
Balance of Construction Period Losses, and thus which are relevant to the computation of the
Break Even Price, will equal the sum as reasonably estimated by
BNPPLC of (i) all Attorneys’ Fees and other costs that will be incurred to defend against
such claims, and (ii) the amount for which BNPPLC or the other Interested Party can settle
or satisfy such claims.

“Decision Not to Sell at a Loss” means a decision by BNPPLC not to sell the Property
on the Designated Sale Date to an Applicable Purchaser as provided in

Amended and Restated Purchase Agreement (RTP Data Center) – Page 5

 

 

subparagraph 2(A)(2),
despite NAI’s satisfaction of the Conditions to NAI’s Initial Remarketing Rights.

“Deemed Sale” has the meaning indicated in subparagraph 3(D).

“Extended Remarketing Period” means a period beginning on the Designated Sale Date and
ending on the Final Sale Date.

“Fair Market Value” has the meaning indicated in Exhibit B.

“Final Sale Date” means the earliest of:

	 	·	 	any date after the Designated Sale Date upon which BNPPLC conveys the Property
to consummate a sale of the Property to NAI because of BNPPLC’s exercise of the Put
Option as provided in subparagraph 3(B); or
	 
	 	·	 	any date after the Designated Sale Date upon which BNPPLC conveys the Property
to consummate a sale of the Property to NAI or to any Affiliate of NAI, including any
such sale resulting from NAI’s exercise of its rights under subparagraph 3(A); or
	 
	 	·	 	any date after the Designated Sale Date upon which BNPPLC conveys the Property
to consummate a Qualified Sale, or would have done so but for a material breach of this
Agreement by NAI (including any breach of its obligation to make any Supplemental
Payment required in connection with such Qualified Sale); or
	 
	 	·	 	the second anniversary of the Designated Sale Date, which will be the date of a
Deemed Sale as provided in subparagraph 3(D) if no earlier date qualifies as the Final
Sale Date and the entire Property is not sold by BNPPLC to NAI or an Applicable
Purchaser prior to the second anniversary of the Designated Sale Date.

“Initial Remarketing Notice” means a notice delivered to BNPPLC by NAI prior to the
Designated Sale Date in which NAI confirms NAI’s decision to exercise NAI’s Initial
Remarketing Rights and the amount of the Initial Remarketing Price. (Once given, any such
notice may not be rescinded or modified without BNPPLC’s consent.)

“Initial Remarketing Price” means the cash price set forth in an Initial Remarketing
Notice delivered by NAI to BNPPLC as the price for which NAI has arranged a sale of the
Property on the Designated Sale Date to an Applicable Purchaser which is not an Affiliate of
NAI. Such price may be any price negotiated by the Applicable Purchaser in

Amended and Restated Purchase Agreement (RTP Data Center) – Page 6

 

 

good faith and
on an arms length basis with NAI.

“Lease Balance” means the Lease Balance (as defined in the Common Definitions and Provisions
Agreement) on the Designated Sale Date, but computed without deduction for any Supplemental
Payment or other amount paid to BNPPLC pursuant to this Agreement on the Designated Sale
Date.

“Make Whole Amount” means the sum of the following:

          (1) the amount (if any) by which the Lease Balance on the Designated Sale Date exceeds
the following, as applicable: (a) all 97-10/Prepayments (if any) which were actually paid
to BNPPLC on or before the Designated Sale Date, or (b) any Supplemental Payment which was
actually paid to BNPPLC on the Designated Sale Date; together with interest on such excess
computed at the Default Rate for the period commencing on the Designated Sale Date and
ending on the Final Sale Date; plus

          (2) any unpaid Base Rent or other amounts due to BNPPLC pursuant to the other Operative
Documents; plus

          (3) BNPPLC’s Actual Out of Pocket Costs; plus

          (4) an amount equal to the Balance of Unpaid Construction Period Losses (if any),
together with interest on thereon computed at the Default Rate for the period commencing on
the Designated Sale Date and ending on the Final Sale Date; plus

          (5) the amount, but not less than zero, by which (i) all Local Impositions, insurance
premiums and other Losses of every kind suffered or incurred by BNPPLC (whether or not
reimbursed in whole or in part by another Interested Party) with respect to the ownership,
operation or maintenance of the Property during the Extended Remarketing Period, exceeds
(ii) any rents or other sums collected by BNPPLC during such period from third parties as
consideration for any lease or other contracts made by BNPPLC that authorize the use and
enjoyment of the Property by such parties; together with interest on such excess computed at
the Default Rate for each day prior to the Final
Sale Date.

“Maximum Remarketing Obligation” means a dollar amount equal to the following (but not less
than zero):

	 	·	 	85% of the Adjusted Lease Balance; less
	 
	 	·	 	any Fixed Rate Settlement Amount that NAI is required to pay pursuant to the

Amended and Restated Purchase Agreement (RTP Data Center) – Page 7

 

 

Lease because of any acceleration of the Designated Sale Date which causes it to occur prior
to the date upon which the Term of the Lease is scheduled to expire (as such date is
confirmed in clause (1) of the definition of Designated Sale Date in the Common
Definitions and Provisions Agreement).

“Must Sell Price” means, with respect to any Proposed Sale arranged by NAI pursuant to
subparagraph 3(C), a cash price to BNPPLC equal to the Make Whole Amount, computed as of the
Proposed Sale Date applicable to such Proposed Sale, plus all reimbursements or payments by
BNPPLC to NAI that will be required by clause (4) of subparagraph 3(E) in connection with
the Proposed Sale.

“NAI’s Extended Remarketing Right” has the meaning indicated in subparagraph 3(C).

“NAI’s Initial Remarketing Rights” has the meaning indicated in subparagraph 2(A)(2).

“NAI’s Target Price” means the cash purchase price that, according to NAI, should reasonably
be expected for the Property during the Extended Remarketing Period if the parties make a
reasonable marketing effort to sell the Property, as such price is set forth in a notice
given by NAI to BNPPLC after the Designated Sale Date. Once established by any such notice,
the amount of NAI’s Target Price will not be increased, although nothing in this definition
will be construed to prevent NAI from arranging a sale of the Property pursuant to this
Agreement at a price higher than NAI’s Target Price. After providing a notice of NAI’s
Target Price to BNPPLC, NAI may later decrease NAI’s Target Price by another notice to
BNPPLC, but only if the decrease is justified by a material adverse change in the physical
condition of the Property (e.g., significant damage to the Property by fire or other
casualty).

“Notice of Sale” has the meaning indicated in subparagraph 3(C)(4).

“Proposed Sale” has the meaning indicated in subparagraph 3(C).

“Proposed Sale Date” has the meaning indicated in subparagraph 3(C)(4).

“Purchase Option” has the meaning indicated in subparagraph 2(A)(1).

“Put Option” has the meaning indicated in subparagraph 3(B).

“Qualified Sale” means any (1) Deemed Sale as described in subparagraph 3(D), or (2) actual
sale (prior to any such Deemed Sale) of all or substantially all of the Property to an
Applicable Purchaser that occurs after the thirty day period specified in subparagraph 3(A)
and that:

Amended and Restated Purchase Agreement (RTP Data Center) – Page 8

 

 

	·	 	results from NAI’s exercise of NAI’s Extended Remarketing Right as described in
subparagraph 3(C); or

	·	 	is approved in advance as a Qualified Sale by NAI; or

	·	 	is to a third party which is not an Affiliate of BNPPLC and, if it is completed
by a conveyance from BNPPLC prior to eighteen months after the Designated Sale Date, is
for a price not less than the least of the following amounts:

	 	(a)	 	the lowest price at which BNPPLC will be obligated, pursuant to
clause (4) of subparagraph 3(E), to reimburse to NAI (i) the entire amount of
any Supplemental Payment theretofore made by NAI to BNPPLC, or (ii) if no such
Supplemental Payment has been made, but NAI has theretofore made one or more
97-1/Prepayments to BNPPLC, all such 97-10/Prepayments; or
	 
	 	(b)	 	(i) if NAI notified BNPPLC of NAI’s Target Price prior to the
date BNPPLC and the third party agreed to a price for the sale, NAI’s Target
Price, or (ii) if NAI did not notify BNPPLC of NAI’s Target Price prior to the
date BNPPLC and the third party agreed to a price for the sale, any price
satisfactory to BNPPLC in its sole good faith business judgment; or
	 
	 	(c)	 	90% of the Fair Market Value of the Property.

NAI acknowledges that BNPPLC’s own marketing efforts after the Designated Sale Date will
depend upon the minimum price required for a Qualified Sale, and such efforts could be
hampered if NAI’s Target Price is too high. Thus, after receipt of any notice of NAI’s
Target Price from NAI, BNPPLC may (but will not be obligated to) invoke the Valuation
Procedures in order to determine the minimum price permitted under clause (c) preceding.

     “Sale Closing Documents” means the following documents, which BNPPLC must tender pursuant to
Paragraph 5(A) to consummate any sale of the Property pursuant to this Agreement: (1)
documents in the forms required by Exhibit C, including either a termination of or
an assignment of the Ground Lease and other rights and interests of BNPPLC in the Property,
(2) a Secretary’s Certificate in the form attached as Exhibit D and (3) a
certificate concerning tax withholding in the form attached as Exhibit E.

     “Supplemental Payment” has the meaning indicated in subparagraph 2(A)(3).

     “Supplemental Payment Obligation” has the meaning indicated in

Amended and Restated Purchase Agreement (RTP Data Center) – Page 9

 

 

subparagraph 2(A)(3).

“Valuation Procedures” means procedures set forth in Exhibit B, which are to be
followed in the event a determination of the Fair Market Value of the Property or any
portion thereof is required by this Agreement.

2 NAI’s Options and Obligations on the Designated Sale Date.

     (A) Purchase Option; Initial Remarketing Rights; Supplemental Payment Obligation.
Whether or not an Event of Default has occurred and is continuing, but subject to Paragraph 6
below:

     (1) NAI will have the right (the “Purchase Option”) to purchase or cause an Affiliate
of NAI, as the Applicable Purchaser, to purchase the Property on the Designated Sale Date
for a cash price equal to the Break Even Price.

     (2) If NAI does not exercise the Purchase Option, NAI will have the following rights
(collectively, “NAI’s Initial Remarketing Rights”):

          (a) First, NAI will have the right to designate a third party, other than an
Affiliate of NAI, as the Applicable Purchaser and to cause such Applicable Purchaser
to purchase the Property on the Designated Sale Date for a cash price equal to the
Initial Remarketing Price. Such right, however, will be subject to the conditions
(the “Conditions to NAI’s Initial Remarketing Rights”) that (i) NAI deliver an
Initial Remarketing Notice to BNPPLC within the thirty days prior to the Designated
Sale Date, (ii) on the Designated Sale Date the Applicable Purchaser tenders to
BNPPLC a payment equal to the Initial Remarketing Price, and (iii) NAI itself
tenders to BNPPLC the Supplemental Payment, if any, which will be required by
subparagraph 2(A)(3) in the event BNPPLC completes the sale to the Applicable
Purchaser. Further, notwithstanding the satisfaction of the
Conditions to NAI’s Initial Remarketing Rights on the Designated Sale Date, if
the sum of the price to be paid by the Applicable Purchaser for the Property (i.e.,
the Initial Remarketing Price) and any Supplemental Payment required by
subparagraph 2(A)(3) is less than the Break Even Price, then BNPPLC may
affirmatively elect not to complete the sale of the Property to the Applicable
Purchaser on the Designated Sale Date (and thereby defer the sale of the Property
pursuant to this Agreement) by making a Decision Not to Sell at a Loss.

          (b) Second, if BNPPLC completes a sale of the Property to an Applicable
Purchaser on the Designated Sale Date pursuant to subparagraph 2(A)(2)(a) and the
price paid by the Applicable Purchaser for the

Amended and Restated Purchase Agreement (RTP Data Center) – Page 10

 

 

Property (i.e., the Initial
Remarketing Price) is greater than the Break Even Price, then BNPPLC will pay the
excess to NAI or as otherwise required by Applicable Law.

     (3) If for any reason whatsoever BNPPLC does not receive a cash price for the Property
on the Designated Sale Date equal to or in excess of the Break Even Price in connection with
a sale made pursuant to subparagraph 2(A)(1) or subparagraph 2(A)(2)(a), then NAI will have
the obligation (the “Supplemental Payment Obligation”) to pay to BNPPLC on the Designated
Sale Date a supplemental payment (the “Supplemental Payment”) equal to the lesser of:

          (a) the amount by which the Break Even Price exceeds any such cash price
actually received by BNPPLC on the Designated Sale Date; or

          (b) the Maximum Remarketing Obligation.

Without limiting the generality of the foregoing, NAI must (unless excused by
subparagraph 6(B) below) make the Supplemental Payment even if BNPPLC does not sell the
Property to NAI or an Applicable Purchaser on the Designated Sale Date because of (A) a
Decision Not to Sell at a Loss, or (B) a failure of NAI to exercise, or a decision by NAI
not to exercise, the Purchase Option or NAI’s Initial Remarketing Rights, or (C) a failure
of NAI or any Applicable Purchaser to tender the price required by the forgoing provisions
on the Designated Sale Date following any exercise of or attempt by NAI to exercise the
Purchase Option or NAI’s Initial Remarketing Rights.

NAI acknowledges that it is undertaking the Supplemental Payment Obligation in consideration
of the rights afforded to it by this Agreement, but that such obligation is not contingent
upon any exercise by NAI of such rights or upon any purchase of the Property by NAI or an
Applicable Purchaser. If any Supplemental Payment due according to this
subparagraph 2(A)(3) is not actually paid to BNPPLC on the Designated Sale Date, then NAI
must pay interest on the past due amount computed at the Default Rate. However, NAI will be
entitled to a credit against the interest required by the preceding sentence equal to the
Base Rent, if any, actually paid by NAI pursuant to the Lease for any period after the
Designated Sale Date.

     (4) For the avoidance of doubt, BNPPLC acknowledges that NAI may elect not to exercise
the Purchase Option or NAI’s Initial Remarketing Rights and instead pay to BNPPLC a
Supplemental Payment equal to the Maximum Remarketing Obligation on the Designated Sale Date
in full satisfaction of its obligations under this subparagraph 2(A).

Amended and Restated Purchase Agreement (RTP Data Center) – Page 11

 

 

     (B) Designation of the Purchaser. To give BNPPLC the opportunity before the
Designated Sale Date to prepare the Sale Closing Documents, NAI must, by a notice to BNPPLC given
at least ten days prior to the Designated Sale Date, specify irrevocably, unequivocally and with
particularity any party who will purchase the Property because of NAI’s exercise of its Purchase
Option or of NAI’s Initial Remarketing Rights. If NAI fails to do so, BNPPLC may postpone the
delivery of the Sale Closing Documents until a date after the Designated Sale Date and not more
than ten days after NAI finally does so specify a party, but such postponement will not relieve or
postpone the obligation of NAI to make a Supplemental Payment on the Designated Sale Date as
provided in subparagraph 2(A)(3).

     (C) Delivery of Property Related Documents If BNPPLC Retains the Property. Unless NAI
or its Affiliate or another Applicable Purchaser purchases the Property pursuant to
subparagraph 2(A), promptly after the Designated Sale Date NAI must deliver and assign to BNPPLC
all plans and specifications for the Property previously prepared for NAI or otherwise available to
NAI (including those prepared in connection with the construction contemplated by the Construction
Agreement), together with all other files, documents and permits of NAI (including any subleases
then in force) which may be necessary or useful to any future owner’s or occupant’s use of the
Property. Without limiting the foregoing, NAI will transfer or arrange the transfer to BNPPLC of
all utility, building, health and other operating permits required by any municipality or other
governmental authority having jurisdiction over the Property for uses of the Property permitted by
the Lease or for any remaining construction required to complete the Improvements contemplated by
the Construction Agreement if neither NAI nor any Affiliate or other Applicable Purchaser purchases
the Property pursuant to subparagraph 2(A).

     (D) Effect of the Purchase Option and NAI’s Initial Remarketing Rights on Subsequent Title
Encumbrances. Any conveyance made to consummate a sale of the Property to NAI or any
Applicable Purchaser pursuant to subparagraph 2(A) will cut off and terminate all interests in the
Property claimed by, through or under BNPPLC, including Liens Removable by
BNPPLC (including any leasehold estate or other interests conveyed by BNPPLC to third parties,
even if conveyed in the ordinary course of BNPPLC’s business, and including any judgment liens
established against the Property because of a judgment rendered against BNPPLC), but not personal
obligations of NAI to BNPPLC under the Lease or other Operative Documents (including obligations of
NAI arising under the indemnities in the Construction Agreement or the Lease, which indemnities
will survive any such sale). Anyone accepting or taking any interest in the Property through or
under BNPPLC on or after the Effective Date will acquire such interest subject to the Purchase
Option.

Amended and Restated Purchase Agreement (RTP Data Center) – Page 12

 

 

     (E) Security for NAI’s Purchase Option. If (contrary to the intent of the
parties as expressed in subparagraph 4(C) of the Lease) it is determined that NAI is not,
under applicable state law as applied to the Operative Documents, the equitable owner of the
Property and the borrower from BNPPLC in a financing arrangement, but rather is a tenant under the
Lease with an option to purchase from BNPPLC as provided in subparagraph 2(A)(1), then the parties
intend that the Purchase Option be secured by a lien and security interest against the Property.
Accordingly, BNPPLC does hereby grant to NAI a lien and security interest against the Property,
including all rights, title and interests of BNPPLC from time to time in and to the Land and
Improvements, in order to secure (1) BNPPLC’s obligation to convey the Property to NAI or an
Affiliate designated by it if NAI exercises the Purchase Option and tenders payment of the Break
Even Price to BNPPLC on the Designated Sale Date as provided herein, and (2) NAI’s right to recover
any damages from BNPPLC caused by a breach of such obligation, including any such breach caused by
a rejection or termination of this Agreement in any bankruptcy or insolvency proceeding instituted
by or against BNPPLC, as debtor. NAI may enforce such lien and security interest judicially after
any such breach by BNPPLC, but not otherwise.

3 NAI’s Rights, Options and Obligations After the Designated Sale Date.

     (A) NAI’s Right to Buy During the Thirty Days After the Designated Sale Date. Even
after a failure to pay any required Supplemental Payment on the Designated Sale Date, NAI may
tender (or cause an Applicable Purchaser to tender) to BNPPLC the full Make Whole Amount (including
all amounts then due under the other Operative Documents) on any Business Day within thirty days
after the Designated Sale Date. If presented with such a tender within thirty days after the
Designated Sale Date, BNPPLC must accept it and promptly thereafter deliver to NAI (or the
Applicable Purchaser) the Sale Closing Documents and any Escrowed Proceeds then constituting
Property held by BNPPLC. Otherwise, BNPPLC will have no further obligation to sell the Property
to NAI or to any Affiliate of NAI pursuant to this Agreement, although BNPPLC will continue to have
the option to require NAI to buy the Property if the conditions listed in the next subparagraph are
satisfied.

     (B) NAI’s Obligation to Buy if Certain Conditions are Satisfied. Regardless of any
prior Decision Not to Sell at a Loss, BNPPLC will have the option (the “Put Option”) to require NAI
to purchase the Property upon demand at any time after the Designated Sale Date for a cash price
equal to the Make Whole Amount if:

     (1) BNPPLC has not already conveyed the Property to consummate a sale of the Property
to NAI or an Applicable Purchaser pursuant to other provisions of this Agreement; and

     (2) a 97-1/Default (100%) occurs or is continuing on or after the Designated

Amended and Restated Purchase Agreement (RTP Data Center) – Page 13

 

 

Sale Date; and

     (3) BNPPLC notifies NAI of BNPPLC’s exercise of the Put Option within two years
following the Designated Sale Date.

Further, and without limiting the foregoing, if any Event of Default occurs as described in clauses
(G), (H) or (I) of the definition Event of Default in the Common Definitions and Provisions
Agreement because of any bankruptcy proceeding instituted by or against NAI, as debtor, under Title
11 of the United States Code, then NAI will be obligated (without any further act or notice or
demand by BNPPLC) to pay to BNPPLC the Make Whole Amount and purchase the Property, as if (i)
BNPPLC had exercised the Put Option, and (ii) the second Business Day after the commencement of
such Event of Default was the Final Sale Date.

     (C) NAI’s Extended Right to Remarket. If the Property is not sold to NAI or an
Applicable Purchaser on the Designated Sale Date pursuant to this Agreement, NAI will have the
right (“NAI’s Extended Remarketing Right”) during the Extended Remarketing Period to arrange a sale
of the Property to an Applicable Purchaser, other than an Affiliate of NAI, for a price equal to or
in excess of the Must Sell Price (a “Proposed Sale”). NAI’s Extended Remarketing Right will,
however, be subject to all of the following conditions:

     (1) BNPPLC has not exercised the Put Option as provided in subparagraph 3(B) or already
contracted with another Applicable Purchaser to convey the Property in connection with a
Qualified Sale.

     (2) NAI’s Extended Remarketing Right is not terminated pursuant to subparagraph 6(C)
because of NAI’s failure to pay any required Supplemental Payment.

     (3)
NAI’s Extended Remarketing Right is not terminated pursuant to subparagraph 6(C)
because of NAI’s failure to pay any required

97-10 Prepayment.

     (4) NAI must have provided a notice to BNPPLC (a “Notice of Sale”) setting forth (i)
the date proposed by NAI as the Final Sale Date (the “Proposed Sale Date”), which must be no
sooner than thirty days after BNPPLC’s receipt of the Notice of Sale and no later than the
last Business Day of the Extended Remarketing Period, (ii) the full legal name of the
Applicable Purchaser and such other information as is needed to prepare the Sale Closing
Documents, and (iii) the cash price that will be tendered to BNPPLC for the Property (the
“Committed Price”).

     (5) The Committed Price must be no less than the Must Sell Price, computed as of the
Proposed Sale Date. Also, if NAI has notified BNPPLC of NAI’s Target Price, the Committed
Price must be no less than NAI’s Target Price.

Amended and Restated Purchase Agreement (RTP Data Center) – Page 14

 

 

     (D) Deemed Sale On the Second Anniversary of the Designated Sale Date. If no date
prior to the second anniversary of the Designated Sale Date qualifies as the Final Sale Date, then
on second anniversary of the Designated Sale Date BNPPLC will, for purposes of the next
subparagraph, be deemed to have sold the Property (a “Deemed Sale”) to an Applicable Purchaser at a
Qualified Sale for a net cash price equal to its Fair Market Value.

     (E) NAI’s Right to Share in Sales Proceeds Received By BNPPLC From any Qualified Sale.
BNPPLC must apply the cash proceeds received by BNPPLC from any Qualified Sale (regardless of
whether the sale is arranged by NAI as provided in subparagraph 3(C) or by BNPPLC itself), or
deemed to be received in connection with any Deemed Sale, in the following order of priority:

     (1) first, to pay or reimburse to BNPPLC BNPPLC’s Actual Out of Pocket Costs incurred
in connection with the Qualified Sale;

     (2) second, to pay or reimburse to BNPPLC the Local Impositions, insurance premiums and
other Losses suffered or incurred by BNPPLC with respect to the ownership, operation or
maintenance of the Property after the Designated Sale Date, together with interest on such
Local Impositions, insurance premiums and other Losses computed at the Default Rate from the
date paid or incurred to the date reimbursed from sales proceeds;

     (3) third, to pay to BNPPLC an amount equal to the difference, if any, computed by
subtracting (i) the aggregate payments, if any, previously paid by NAI to BNPPLC as a
Supplemental Payment or as a 97-10/Prepayment, from (ii) the Adjusted Lease Balance;

     (4) fourth, to reimburse NAI for the aggregate payments, if any, previously
made by NAI to BNPPLC as a Supplemental Payment or as 97-10/Prepayments;

     (5) fifth, to pay to BNPPLC an amount that, when added to all payments or
reimbursements to BNPPLC described in the preceding clauses (1), (2) and (3), will equal the
Make Whole Amount;

     (6) sixth, to pay to BNPPLC any other amounts then due from NAI to BNPPLC under any of
the Operative Documents; and

     (7) last, if any such cash proceeds exceed all the payments and reimbursements that are
required or may be required as described in the preceding clauses of this subparagraph,
BNPPLC may retain the excess.

Amended and Restated Purchase Agreement (RTP Data Center) – Page 15

 

 

If, however, BNPPLC completes any sale and conveyance of the Property after the Extended
Remarketing Period expires or is terminated, BNPPLC will not be required by this subparagraph to
share any proceeds of the sale or conveyance with NAI or any other party claiming through or under
NAI.

4 Transfers By BNPPLC After the Designated Sale Date.

     (A) BNPPLC’s Right to Sell. At any time more than thirty days after the Designated
Sale Date, if the Property has not already been sold and conveyed by BNPPLC pursuant to Paragraph 2
or Paragraph 3, BNPPLC will have the right to sell the Property or offer the Property for sale to
any third party on any terms believed to be appropriate by BNPPLC in its sole good faith business
judgment.

     (B) Survival of NAI’s Rights and the Supplemental Payment Obligation. If the Property
is not sold on the Designated Sale Date, and if BNPPLC completes a sale or other transfer of the
Property after the Designated Sale Date, other than a Qualified Sale, the Supplemental Payment
Obligation will survive in favor of BNPPLC’s successors and assigns with respect to the Property,
and BNPPLC’s successors and assigns will take the Property subject to NAI’s rights under
Paragraph 3, all on the same terms and conditions as would have applied to BNPPLC itself if BNPPLC
had not transferred or sold the Property. Without limiting the foregoing, any purchaser that
acquires the Property from BNPPLC during the Extended Remarketing Period, other than at a Qualified
Sale, will be obligated to distribute proceeds of a subsequent Qualified Sale of the Property as
described in the subparagraph 3(E) in the same manner and to the same extent that BNPPLC itself
would have been obligated if not for the sale by BNPPLC to the purchaser.

     (C) Easements and Other Transfers in the Ordinary Course of Business. No
“Permitted Transfer” described in clause (5) (the last clause) of the definition thereof in
the
Common Definitions and Provisions Agreement will constitute a Qualified Sale if it covers less
than all or substantially all of BNPPLC’s then existing interests in the Property. Any such
Permitted Transfer of less than all or substantially all of BNPPLC’s then existing interests in the
Property will not be prohibited by this Agreement during the Extended Remarketing Period or
otherwise; provided, however, any such Permitted Transfer made before the end of one hundred eighty
days after the Designated Sale Date, or made to an Affiliate of BNPPLC before the end of the
Extended Remarketing Period, or otherwise not made in the ordinary course of business, will be made
subject to NAI’s rights under Paragraph 3. Thus, for example, if the Property is not sold by BNPPLC
to an Applicable Purchaser on the Designated Sale Date, then at any time more than one hundred
eighty days after the Designated Sale Date BNPPLC may in the ordinary course of business convey a
utility easement or a lease of space in the Improvements to a Person not an Affiliate of BNPPLC
free from NAI’s rights under Paragraph 3, although following such conveyance of the lesser estate,
NAI’s rights under Paragraph 3 will continue during the Extended

Amended and Restated Purchase Agreement (RTP Data Center) – Page 16

 

 

Remarketing Period as to BNPPLC’s
remaining interest in the Land and the Improvements.

5 Terms of Conveyance Upon Purchase.

     (A) Tender of Sale Closing Documents. As necessary to consummate any sale of the
Property to NAI or an Applicable Purchaser pursuant to this Agreement, BNPPLC must, subject to any
postponement permitted by subparagraph 2(B), promptly after the tender of the purchase price and
any other payments to BNPPLC required pursuant to Paragraph 2 or Paragraph 3, as applicable, convey
the Property to NAI or the Applicable Purchaser, as the case may be, by BNPPLC’s execution,
acknowledgment (where appropriate) and delivery of the Sale Closing Documents. Such conveyance by
BNPPLC will be subject to the Permitted Encumbrances and any other encumbrances that do not
constitute Liens Removable by BNPPLC, and such conveyance will not include the rights of BNPPLC or
other Interested Parties under the indemnities provided in the Operative Documents, including
rights to any payments then due from NAI under the indemnities or that may become due thereafter
because of any Loss incurred by BNPPLC or another Interested Party resulting in whole or in part
from events or circumstances occurring or alleged to have occurred before such conveyance. The
costs, both foreseen and unforeseen, of any purchase by NAI or an Applicable Purchaser will be the
responsibility of the purchaser to the extent (if any) not included in any Break Even Price or Make
Whole Amount actually paid to BNPPLC. If for any reason BNPPLC fails to tender the Sale Closing
Documents as required by this Paragraph 5(A), BNPPLC will have the right and obligation to cure
such failure at any time before thirty days after receipt of a demand for such cure from NAI.
Prior to the end of such cure period, NAI may initiate appropriate legal action to specifically
enforce BNPPLC’s obligation to deliver the Sale Closing Documents or to foreclose NAI’s liens or
security interests against the Property which secure such obligation, but if BNPPLC does cure
within such thirty day period, BNPPLC will not be liable for monetary damages because of its prior
failure to deliver the Sale Closing Documents.

     (B) Delivery of Escrowed Proceeds. BNPPLC may deliver any Escrowed Proceeds
constituting Property directly to NAI or to any Applicable Purchaser purchasing the Property
pursuant to this Agreement notwithstanding any prior actual or attempted conveyance or assignment
by NAI, voluntary or otherwise, of any right to receive the same; BNPPLC will not be responsible
for the proper distribution or application by NAI or any Applicable Purchaser of any such Escrowed
Proceeds; and any such payment of Escrowed Proceeds to NAI or an Applicable Purchaser will
discharge any obligation of BNPPLC to deliver the same to all Persons claiming an interest therein.

6 Survival and Termination of the Rights and Obligations of NAI and BNPPLC.

     (A) Status of this Agreement Generally. Except as expressly provided in the next

Amended and Restated Purchase Agreement (RTP Data Center) – Page 17

 

 

subparagraph or other provisions of this Agreement, this Agreement will not terminate; nor
will NAI have any right to terminate this Agreement; nor will NAI be entitled to any reduction (by
setoff or otherwise) of the Break Even Price, the Make Whole Amount or any payment required under
this Agreement; nor will any of the obligations of NAI to BNPPLC under Paragraph 2 or Paragraph 3
be excused by reason of (i) any damage to or the destruction of all or any part of the Property
from whatever cause, (ii) the taking of the Property or any portion thereof by eminent domain or
otherwise for any reason, (iii) the prohibition, limitation or restriction of NAI’s use or
development of all or any portion of the Property or any interference with such use by governmental
action or otherwise, (iv) any eviction of NAI or of anyone claiming through or under NAI, (v) any
default on the part of BNPPLC under this Agreement or any other Operative Document or any other
agreement to which BNPPLC and NAI are parties, (vi) the inadequacy in any way whatsoever of the
design, construction, assembly or installation of any improvements, fixtures or tangible personal
property included in the Property (it being understood that BNPPLC has not made, does not make and
will not make any representation express or implied as to the adequacy thereof), (vii) any latent
or other defect in the Property or any change in the condition thereof or the existence with
respect to the Property of any violations of Applicable Laws, or (viii) NAI’s prior acquisition or
ownership of any interest in the Property, or (ix) any other cause, whether similar or dissimilar
to the foregoing, any existing or future law to the contrary notwithstanding. It is the intention
of the parties hereto that the obligations of NAI under this Agreement (including the obligation to
make any Supplemental Payment as provided in Paragraph 2) be separate from and independent of
BNPPLC’s obligations under this Agreement or any other agreement between BNPPLC and NAI; however,
nothing in this subparagraph will be construed as a waiver by NAI of any right NAI may have at law
or in equity to the following remedies, whether because of BNPPLC’s failure to remove a Lien
Removable by BNPPLC or because of any other default by BNPPLC under this Agreement: (A) the
recovery of monetary damages, (B) injunctive relief in case of the violation, or attempted or
threatened violation, by
BNPPLC of any of the express covenants, agreements, conditions or provisions of this Agreement
which are binding upon BNPPLC, or (C) a decree compelling performance by BNPPLC of any of the
express covenants, agreements, conditions or provisions of this Agreement which are binding upon
BNPPLC.

     (B) Election by NAI to Terminate the Supplemental Payment Obligation Prior to the
Completion Date. By delivery of a notice to BNPPLC in the form attached as Exhibit F,
NAI may terminate its Supplemental Payment Obligation, but only prior to the Completion Date and
only if at the time of such exercise (1) NAI has given (and not rescinded) a Notice of NAI’s Intent
to Terminate as provided in the Construction Agreement, or (2) BNPPLC has given any FOCB Notice as
provided in the Construction Agreement. (If for any reason BNPPLC does not receive a notice
terminating the Supplemental Payment Obligation as described in the preceding sentence prior to the
Completion Date, then without any notice or other action by the parties to this Agreement, NAI will
cease to have any right to terminate the Supplemental Payment Obligation.) If NAI does send a
notice to BNPPLC in the form attached as Exhibit F, such notice will (as

Amended and Restated Purchase Agreement (RTP Data Center) – Page 18

 

 

provided therein) constitute an irrevocable and absolute waiver by NAI of NAI’s rights to purchase the Property or to
cause any of its Affiliates to purchase the Property pursuant to this Agreement. However, no such
notice will terminate BNPPLC’s right to exercise the Put Option, which BNPPLC may exercise if NAI
fails to make a 97-10/Permitted Prepayment required by the Construction Agreement.

     (C) Automatic Termination of NAI’s Rights. If NAI fails to pay the full amount of any
Supplemental Payment required by subparagraph 2(A)(3) on the Designated Sale Date, then the
Purchase Option, NAI’s Initial Remarketing Rights, NAI’s Extended Remarketing Right and all other
rights of NAI under this Agreement, other than its rights under subparagraph 3(A), will terminate
automatically. If, however, prior to the Designated Sale Date NAI effectively terminates the
Supplemental Payment Obligation pursuant to subparagraph 6(B) by the delivery of a notice to BNPPLC
in the form attached as Exhibit F, so that NAI is excused from the obligation to make any
Supplemental Payment pursuant to subparagraph 2(A)(3), then NAI’s Extended Remarketing Right will
not terminate automatically pursuant to this subparagraph 6(C), but rather will survive except to
the extent waived by such notice. No termination of NAI’s rights as described in this subparagraph
will limit BNPPLC’s other remedies, including its right to sue NAI for any 97-10/Prepayments,
pursuant to any of the Operative Documents or (following a 97-1/Default (100%)) its right to
exercise the Put Option.

     (D) Payment Only to BNPPLC. All amounts payable under this Agreement by NAI and, if
applicable, by an Applicable Purchaser must be paid directly to BNPPLC. If paid to other parties,
such payments will not be effective for purposes of this Agreement.

     (E) Preferences and Voidable Transfers. If any payment to BNPPLC by an Applicable
Purchaser is held to constitute a preference or a voidable transfer under Applicable Laws, or
must for any other reason be refunded by BNPPLC to the Applicable Purchaser or to another Person,
and if such payment to BNPPLC reduced or had the effect of reducing a payment required of NAI by
this Agreement (e.g., the Supplemental Payment) or increased or had the effect of increasing any
sale proceeds paid over to NAI pursuant to subparagraph 2(A)(2)(b) or pursuant to
subparagraph 3(E), then NAI must pay to BNPPLC upon demand an amount equal to the reduction of the
payment required of NAI or to the increase of the excess sale proceeds paid to NAI, as applicable,
and this Agreement will continue to be effective or will be reinstated as necessary to permit
BNPPLC to enforce its right to collect such amount from NAI.

     (F) Remedies Under the Other Operative Documents. No repossession of or
re-entering upon the Property or exercise of any other remedies available to BNPPLC under the other
Operative Documents will terminate NAI’s rights or obligations under this Agreement, all of which
will survive BNPPLC’s exercise of remedies under the other Operative Documents. NAI acknowledges
that the consideration for this Agreement is separate from and independent of the consideration for
the Construction Agreement, the Lease, the Closing Certificate and other

Amended
and Restated Purchase Agreement (RTP Data Center) – Page 19

 

 

agreements executed by the
parties, and NAI’s obligations under this Agreement will not be affected or impaired by any event
or circumstance that would excuse NAI from performance of its obligations under such other
Operative Documents.

7 Certain Remedies Cumulative. No right or remedy herein conferred upon or reserved to
BNPPLC is intended to be exclusive of any other right or remedy BNPPLC has with respect to the
Property, and each and every right and remedy of BNPPLC will be cumulative and in addition to any
other right or remedy given to it under this Agreement or now or hereafter existing in its favor at
law or in equity. In addition to other remedies available under this Agreement, either party may
obtain a decree compelling specific performance of any of the other party’s agreements hereunder.

8 Attorneys’ Fees and Legal Expenses. If BNPPLC commences any legal action or other
proceeding because of any breach of this Agreement by NAI, BNPPLC may recover all Attorneys’ Fees
incurred by it in connection therewith from NAI, whether or not such controversy, claim or dispute
is prosecuted to a final judgment. Any Attorneys’ Fees incurred by BNPPLC in enforcing a judgment
in its favor under this Agreement will be recoverable separately from such judgment, and the
obligation for such Attorneys’ Fees is intended to be severable from other provisions of this
Agreement and not to be merged into any such judgment.

9 Successors and Assigns. The terms, provisions, covenants and conditions hereof will be
binding upon NAI and BNPPLC and their respective permitted successors and assigns and will inure to
the benefit of NAI and BNPPLC and all permitted transferees, mortgagees, successors and assignees
of NAI and BNPPLC with respect to the Property; except that (A) the
rights of BNPPLC hereunder will not pass to NAI or any Applicable Purchaser or any subsequent owner
claiming through NAI or an Applicable Purchaser, (B) BNPPLC will not assign this Agreement or any
rights hereunder except pursuant to a Permitted Transfer, and (C) NAI will not assign this
Agreement or any rights hereunder without the prior written consent of BNPPLC.

10 Amendment and Restatement of Prior Purchase Agreement. This Agreement amends, restates
and replaces entirely the Prior Purchase Agreement. Without limiting the rights and obligations of
NAI under this Agreement, NAI acknowledges that any and all rights or interest of NAI in and to the
Land or other Property under the Prior Purchase Agreement are now made subject to the terms and
conditions of this Agreement; and all rights and interests of BNPPLC in and to the Land or other
Property under the Prior Purchase Agreement are renewed and extended (rather than terminated) by
this Agreement.

[The signature pages follow.]

Amended and Restated Purchase Agreement (RTP Data Center) – Page 20

 

 

     IN WITNESS WHEREOF, this Amended and Restated Purchase Agreement (RTP Data Center) is executed
to be effective as of November 29, 2007.

	 	 	 	 	 
	 	BNP PARIBAS LEASING
CORPORATION, a
Delaware corporation
 	 
	 	By:  	/s/ Lloyd G. Cox   	 
	 	 	Lloyd G. Cox, Managing Director 	 
	 	 	 	 
	 

Amended and Restated Purchase Agreement (RTP Data Center) – Signature Page

 

 

[Continuation of signature pages for Amended and Restated Purchase Agreement (RTP Data Center)
dated as of November 29, 2007.]

	 	 	 	 	 
	 	NETWORK APPLIANCE, INC., a Delaware corporation

 	 
	 	By:  	/s/ Ingemar Lanevi
 	 
	 	 	Ingemar Lanevi, Vice President and Corporate 	 
	 	 	Treasurer 	 
	 

Amended and Restated Purchase Agreement (RTP Data Center) – Signature Page

 

 

Exhibit A

Legal Description

BEING a portion of Site 12 as shown on the map entitled “Exempt Subdivision Map of Site 12”,
prepared by Barbara H. Mulkey Engineering, Inc., on May 30, 2000 as recorded in the Book of Maps
2000, Page 1300, Wake County, North Carolina Registry, such portion being described as follows:

Unit 4 and the Additional Leased Premises, both as defined below (collectively, the
“Ground Lease Premises”).

As used in this Exhibit:

     (1) “Additional Leased Premises” means the land surrounding and adjacent to
Unit 4, depicted on the site plan attached to and made a part of this Exhibit as the
area shaded in gray, which includes parking lots, driveways and other areas within
the larger area designated as Common Elements in the Condominium Declaration. The
outer boundaries of the Additional Leased Premises are described by metes and bounds
on the last page attached to and made a part of this Exhibit. All land within those
outer boundaries, other than Unit 4, is included in the Additional Leased Premises.

     (2) “Condominium Declaration” means the Declaration of Condominium for NetApp
RTP Phase I Condominium recorded in Book 012647, Page 01310, Wake County, North
Carolina Registry.

     (3) “Condominium Map” means the plat provided to BNP Paribas Leasing
Corporation (“BNPPLC”) by Network Appliance, Inc. (“NAI”) attached to and made a
part of this Exhibit. (The Condominium Map has also been filed in the Book of Maps
CM2007, Page 444A1, Wake County, North Carolina Registry.)

     (4) “Unit 4” means the land designated and described in the Condominium
Declaration as Unit 4 and is shown on the Condominium Map and site plan attached to
and made a part of this Exhibit.

TOGETHER WITH, easements appurtenant to the Amended and Restated Ground Lease Premises as described
in Exhibit A attached to the Ground Lease dated as of November 29, 2007 between BNPPLC, as
lessee, and NAI, as lessor (the “Ground Lease”);

SUBJECT, HOWEVER, to an easement reserved over the Additional Leased Premises (but not any part of
Unit 4) in favor of the Association as described in Exhibit A attached to the Ground
Lease.

 

 

Exhibit A to Amended and Restated Purchase Agreement (RTP Data Center) – Page 2

 

 

Exhibit A to Amended and Restated Purchase Agreement (RTP Data Center) – Page 3

 

 

Attachment to Exhibit A — Metes and Bounds

Description of “Additional Leased Premises”

     The following is a metes and bounds description of the outer boundaries of the Additional
Leased Premise:

BEGINNING
at NCGS Monument “Hopson”. said monument having NC Grid Coordinates of N=773,721.48 and
E=2,034,907.39 (NAD 83). traveling thence South 11° 44' 59" West 6154.66 feet to a right-of-way
monument on the southern margin of Louis Stephens Drive (a 100 foot public right-of-way), thence
North 72° 48' 35" East 164.29 feet to a right-of-way monument on the southern margin of Kit Creek
Road (a 150 foot public right-of-way); thence with the southern margin of said Kit Creek Road the
following two (2) courses and distances:

     (1) South 68° 46' 54 East 412. 64 feet to a right-of-way monument; and

     (2) with a curve to the right having a radius of 924.83 feet, an are length of 475.96, and a
chord bearing
and distance of South 54° 02' 59" East 470.72 feet to a computed point;

said computed being the POINT AND PLACE OF BEGINNING; thence from said point of beginning
and continuing with the southern margin of Kit Creek Road South
39° 18' 29" East 571.64 feet to a
computed point, thence cornering and leaving said right-of-way and with the common line of
property now or formerly owned by Research Triangle Foundation of NC (DB 1670 PG 239) the
following two (2) courses and distances:

     (1) South
50° 41' 31" West 100.00 feet to an iron pipe found; and

     (2) South
83° 31' 01" West 483.47 feet to an iron pipe found;

thence cornering and along three (3) new lines within the bounds of property owned by Network
Appliance, Inc. (DB 10941 Pg 2054) as follows:

     (1) North
12° 44' 00" West 279. 97 feet,

     (2) North
48° 55' 31" West 50. 30 feet; and

     (3) North
32° 57' 24" East 401.61 feet to a point along the southern margin of said Kit Creek
Road;

thence with the southern margin of Kit Creek Road along a curve to the right having a radius
of 925.04 feet, an arc length of 113.05 feet and a chord bearing and
distance of South 42° 48' 33" East 112. 98 feet to the POINT AND PLACE OF BEGINNING, containing 5.36 acres (233, 621
square feet), more or less, said area shown on the rendering attached hereto.

Exhibit A to Amended and Restated Purchase Agreement (RTP Data Center) – Page 4

 

Exhibit B

Valuation Procedures

     This Exhibit explains the procedures to be used to determine Fair Market Value of the Property
if such a determination is required by this Agreement. In such event, either party may invoke the
procedures set out herein prior to the date the determination will be needed so as to minimize any
postponement of any payment, the amount of which depends upon Fair Market Value. In the event such
a payment becomes due before the required determination of Fair Market Value is complete, such
payment will be postponed until the determination is complete. But in that event, when the
required determination is complete, the payment will be made together with interest thereon,
computed at a rate equal to ABR, accruing over the period the payment was postponed.

     If any determination of Fair Market Value is required, NAI and BNPPLC will attempt in good
faith to reach a written agreement upon the Fair Market Value without unnecessary delay, and either
party may propose such an agreement to the other. If, however, for any reason whatsoever, they do
not execute such an agreement within seven days after the first such proposed agreement is offered
by one party to the other, then the determination will be made by independent appraisers in
accordance with the following procedures:

1. Definitions and Assumptions. For purposes of the determination, Fair Market Value will
be defined as follows, and all appraisers or others involved in the determination will be
instructed to use the following definition:

     “Fair Market Value” means the most probable net cash price, as of a specified
date, for which the Property should sell after reasonable exposure in a competitive
market under all conditions requisite to a fair sale, with the buyer and seller each
acting prudently, knowledgeably, and for self-interest, and assuming that neither is
under undue duress.

In addition, the appraisers or others making the determination will be instructed to assume that
ordinary and customary brokerage fees, title insurance costs and other sales expenses will be
incurred and deducted in the calculation of such net cash price. Such appraisers or others making
the determination will also be instructed to assume that the value of the Property (or applicable
portion thereof) is neither enhanced nor reduced by any lease to another tenant that BNPPLC may
have executed subsequent to the termination or expiration of the Lease (a “Replacement Lease”).
In other words, rather than determine value in light of actual rents generated or to be generated
by any such Replacement Lease, the Property (or applicable portion thereof) will be valued in light
of the most probable rent that it should bring in a competitive and open market (in this section, a
“Fair Market Rental”), taking into account:

     (i) the fact that the Ground Lease exists to permit the
continued use and enjoyment of the Property during the term of the

 

 

Ground Lease1; and

     (ii) the actual physical condition of the Property2; and

     (iii) that a reasonable period of time may be required to market the
Property (or applicable portion thereof) for lease and make it ready for use
or occupancy before it is leased at a Fair Market Rental.

2. Initial Selection of Appraisers; Appraiser’s Agreement as to Value. After having failed
to reach a written agreement upon Fair Market Value as described in the second paragraph of this
Exhibit, either party may deliver a notice to the other demanding the appointment of appraisers
(the “First Appraisal Notice”) pursuant to this Exhibit. In such event:

     (a) Within fifteen days after the First Appraisal Notice is delivered, NAI and BNPPLC must
each appoint an independent property appraiser who has experience appraising commercial properties
in North Carolina and notify the other party of such appointment, including the name of the
appointed appraiser (a “Notice of Appointment”).

     (b) If the appraiser appointed by NAI and the appraiser appointed by BNPPLC agree in writing
upon the Fair Market Value (an “Appraiser’s Agreement As To Value”), such agreement will be binding
upon NAI and BNPPLC. Both NAI and BNPPLC will instruct their respective appraisers to attempt in
good faith to quickly reach an Appraiser’s Agreement As To Value. Neither appraiser will be
required to produce a formal appraisal prior to reaching an Appraiser’s Agreement As To Value.

3. Selection of a Third Appraiser. If the two appraisers fail to deliver an
Appraiser’s Agreement As to Value within thirty days following the later of the dates upon which
NAI or BNPPLC delivers its Notice of Appointment, then either party (NAI or BNPPLC) may deliver
another notice to the other (a “Third Appraisal Notice”), demanding that the two appraisers appoint
a third independent property appraiser to help with the determination of Fair Market Value.
Immediately after the Third Appraisal Notice is delivered, each of the first two appraisers

 

			
	1	 	But for the Ground Lease, the Improvements could not
be used and maintained in place. Thus, the parties believe that, but for the
Ground Lease, the Improvements would be worth much less. However, it is
understood that Property does not include the fee estate in the Land, and the
continued use of the Improvements will necessitate the payment of rents as
required by the Ground Lease and compliance with the other terms and conditions
thereof. Accordingly, the value of the Land itself will not be included in the
Fair Market Value of the Property.
	 
	2	 	If, however, the use of the Property by BNPPLC or any
tenant under any Replacement Lease after NAI vacated the Property has resulted
in excess wear and tear, such excess wear and tear will be assumed not to have
occurred for purposes of determining Fair Market Value.

Exhibit B to Amended and Restated Purchase Agreement (RTP Data Center) – Page 2

 

 

must
act promptly, reasonably and in good faith to try to reach agreement upon the third appraiser. If,
however, the two appraisers fail to reach agreement upon a third appraiser within ten days after
the Third Appraisal Notice is delivered:

     (a) NAI and BNPPLC will each cause its respective appraiser to deliver, no later than fifteen
days after the delivery of the Third Appraisal Notice, an unqualified written promise addressed to
both of NAI and BNPPLC: (i) to act promptly, reasonably and in good faith in trying to reach agree
upon the third appraiser, and (ii) to propose and consider proposals of persons as the third
appraiser on the basis of objectivity and competence, not on the basis of such persons’
relationships with the other appraisers or with NAI or BNPPLC, and not on the basis of preferences
expressed by NAI or BNPPLC.

     (b) If, despite the delivery of the promises described in the preceding subsection, the two
appraisers fail to reach agreement upon a third appraiser within thirty days after the Third
Appraisal Notice is delivered, then each of the first two appraisers must immediately submit its
top choice for the third appraiser to the then highest ranking officer of the North Carolina Bar
Association who will agree to help and who has no attorney/client or other significant relationship
to either NAI or BNPPLC. Such officer will have complete discretion to select the most objective
and competent third appraiser from between the choice of each of the first two appraisers, and will
do so within ten days after such choices are submitted to him.

4. Resolution of Issues by the Third Appraiser. If a third appraiser is selected under the
procedure set out above:

     (a) No later than thirty days after a third appraiser is selected, each of the first two
appraisers must submit (and NAI and BNPPLC will each cause its appointed appraiser to submit) his
best estimate of Fair Market Value, together with a written report supporting such estimate. (Such
report need not be in the form of a formal appraisal, and may contain any qualifications the
submitting appraiser deems necessary under the circumstances. Any such qualifications, however,
may be considered by the third appraiser for purposes of the selection required by the next
subsection.)

     (b) After receipt of the two estimates required by the preceding subsection, and no later than
forty-five days after the third appraiser is selected, he must (i) choose one or the other of the
two estimates of Fair Market Value submitted by the first two appraisers as being the more accurate
in his opinion, and (ii) notify NAI and BNPPLC of which estimate he chose. The third appraiser
will not be asked or allowed to specify an amount as Fair Market Value that is different than an
estimate provided by one of the other two appraisers (either by averaging the two estimates or
otherwise). The estimate of Fair Market Value thus chosen by the third appraiser as being the more
accurate will be binding upon NAI and BNPPLC.

5. Criteria For Selecting Appraisers; Cost of Appraisals. All appraisers selected for the

Exhibit B to Amended and Restated Purchase Agreement (RTP Data Center) – Page 3

 

 

appraisal process set out in this Exhibit will be disinterested, reputable, qualified
appraisers with the designation of MAI or equivalent and with at least five years experience in
appraising commercial properties comparable to the Property. NAI and BNPPLC will each bear the
expense of the appraiser appointed by it, and the expense of the third appraiser and of any officer
of the North Carolina Bar Association who participates in the appraisal process described above
will be shared equally by NAI and BNPPLC.

6. Time is of the Essence; Defaults.

     (a) All time periods and deadlines specified in this Exhibit are of the essence.

     (b) Each party must cause the appraiser appointed by it (as set forth in Section 2(a)) to
comply in a timely manner with the requirements of this Exhibit applicable to such appraiser.
Accordingly, if an appraiser appointed by one of the parties as provided in Section 2(a) fails to
comply in a timely manner with any provision of this Exhibit, such failure will be considered a
default by the party who appointed such appraiser.

     (c) Any breach of or default under this Exhibit by either party will be construed as a breach
of the Amended and Restated Purchase Agreement to which this Exhibit is attached.

     (d) Any such breach or default by NAI will constitute a 97-1/Default (100%); provided,
however:

     (1) Before characterizing any such breach or default as a 97-1/Default (100%), BNPPLC
must first notify NAI of the breach or default and give NAI the opportunity, during the five
days after delivery of such notice, to fully rectify the breach or default.

     (2) Any breach or default by NAI under this Exhibit will be deemed rectified if, within
such five day period, NAI offers BNPPLC an unqualified written agreement that all
determinations of Fair Market Value required by this Agreement will, if made by the
appraiser appointed by BNPPLC as hereinabove provided, be binding upon BNPPLC and NAI. (It
is understood that following the delivery of any such agreement by NAI, no further input
from NAI’s appraiser or from any official of the North Carolina bar association or from a
third appraiser will be required for any required determination of Fair Market Value.)

Exhibit B to Amended and Restated Purchase Agreement (RTP Data Center) – Page 4

 

 

Exhibit C

Requirements Re: Forms to Accomplish Assignment and Conveyance

The form of the documents to be used to accomplish any conveyance of BNPPLC’s interest in the
Improvements and other Property pursuant to this Agreement will depend upon whether the conveyance
is to NAI or an Applicable Purchaser and, in the case of an conveyance by NAI itself, upon whether
NAI elects to take an assignment of the Ground Lease or to terminate the Ground Lease.

If NAI is itself acquiring BNPPLC’s interest in the Property, the conveyance of such interest will
be accomplished either by (A) the execution of an Agreement Concerning Ground Lease in the form
attached as Exhibit C-1, which (among other things) will effectively terminate the Ground
Lease with the result that BNPPLC’s interest in all Improvements will revert to NAI by operation of
law, or (B) BNPPLC’s execution of assignments in the forms attached as Exhibit C-2 and
Exhibit C-3 and NAI’s execution of an Acknowledgment of Disclaimer of Representations and
Warranties in the form attached as Exhibit C-4. NAI may choose between the Agreement
Concerning Ground Lease or the alternative forms attached as Exhibits C-2, C-3 and
C-4; however, if NAI fails to notify BNPPLC at least fifteen days prior to the Designated
Sale Date that NAI chooses to receive the assignments in the forms attached as Exhibit C-2
and Exhibit C-3, BNPPLC may assume that NAI has elected instead to have BNPPLC execute the
Agreement Concerning Ground Lease in the form attached as Exhibit C-1. If NAI does choose
to receive the assignments in the forms attached as Exhibit C-2 and Exhibit C-3,
NAI must execute and deliver to BNPPLC the Acknowledgment of Disclaimer of Representations and
Warranties in the form attached as Exhibit C-4.

If an Applicable Purchaser is acquiring BNPPLC’s interest in the Improvements and other Property,
such interest will be conveyed by BNPPLC’s execution and delivery of assignments in the forms
attached as Exhibit C-2 and Exhibit C-3, and the Applicable Purchaser must execute
and deliver to BNPPLC an Acknowledgment of Disclaimer of Representations and Warranties in the form
attached as Exhibit C-4.

 

 

Exhibit C-1

RECORDING REQUESTED BY AND,

WHEN RECORDED, RETURN TO:

Network Appliance, Inc.

7301 Kit Creek Road

Research Triangle Park, NC 27709

Attention: Ingemar Lanevi

AGREEMENT CONCERNING GROUND LEASE

     THIS AGREEMENT CONCERNING GROUND LEASE (this “Agreement”) dated as of                     , 20___ (the
“Effective Date”), is made by and between BNP PARIBAS LEASING CORPORATION (“BNPPLC”), a Delaware
corporation, and NETWORK APPLIANCE, INC. (“NAI”), a Delaware corporation.

RECITALS

This Agreement is entered into upon, and with respect to, the following facts and intentions:

     A. BNPPLC and NAI have heretofore entered into the following agreements:

     (1) Amended and Restated Ground Lease (RTP Data Center) dated as of November 29, 2007
and recorded (or referenced in a memorandum thereof recorded) in Book ___, page ___ of the
Wake County, North Carolina Registry (as the same may have been modified, the “Ground
Lease”), whereby NAI, as ground lessor, ground leased to BNPPLC, as ground lessee, that
certain land more particularly described in Annex A, attached hereto and incorporated herein
by this reference (herein the “Land”); and

     (2) Amended and Restated Lease Agreement (RTP Data Center) dated as of
November 29, 2007 (as the same may have been modified, the “Sublease”), which was the
subject of that certain Short Form of Sublease, dated as of November 29, 2007 and recorded
in Book ___, page ___ of the Wake County, North Carolina Registry (the “Short Form of
Sublease”), whereby BNPPLC, as sublessor, leased to NAI, as sublessee, its ground leasehold
interest in the Land and all of the improvements located thereon (collectively the
“Subleased Premises”); and

     (3) Amended and Restated Purchase Agreement (RTP Data Center) dated as of
November 29, 2007 (has the same may have been modified, the “Purchase Agreement”), which was
the subject of that certain Memorandum of Purchase Agreement, dated as of November 29, 2007,
recorded in Book ___, page ___ of the Wake County, North Carolina Registry.

     (4) Amended and Restated Common Definitions and Provisions Agreement

 

 

(RTP Data Center) dated as of November 29, 2007 Date (as the same may have been
modified, the “Common Definitions and Provisions Agreement”). As used in this Agreement,
capitalized terms defined in the Common Definitions and Provisions Agreement and not
otherwise defined in this Agreement are intended to have the respective meanings assigned to
them in the Common Definitions and Provisions Agreement.

     B. BNPPLC and NAI now mutually wish to terminate the Ground Lease on the terms and conditions
more particularly herein set forth.

AGREEMENT

NOW, THEREFORE, for good and valuable consideration the adequacy of which is hereby acknowledges,
the parties hereto agree as follows:

     1. Termination of Ground Lease. As of the Effective Date, BNPPLC hereby surrenders
all of its right title and interest in the Ground Lease unto NAI, subject only to the “Permitted
Encumbrances” described in Annex B attached hereto and incorporated herein by this reference, and
the Ground Lease is hereby terminated. Notwithstanding anything to the contrary in this Agreement,
BNPPLC does, for itself and its successors, covenant, warrant and agree to defend the title to the
Land against claims and demands of any person claiming under or through a Lien Removable by BNPPLC.
Except as expressly set forth in the preceding sentence, BNPPLC makes no warranty of title, express
or implied.

     2. Acknowledgment of Reversion. BNPPLC also acknowledges and agrees that because of
the termination of the Ground Lease, all of BNPPLC’s right, title and interest in and to the
following property will revert to NAI and BNPPLC does hereby forever relinquish, waive, and
quitclaim unto NAI (subject to such Permitted Encumbrances):

	 	A.	 	the Sublease;
	 
	 	B.	 	the Purchase Agreement;
	 
	 	C.	 	any pending or future award made because of our condemnation affecting the
Property or because of any conveyance to be made in lieu thereof, and any unpaid
proceeds of insurance or claim or cause of action for damages, loss or injury to the
Subleased Premises; and
	 
	 	D.	 	all other property included within the definition of “Property” as set forth in
the Purchase Agreement;

provided, however, that excluded from this conveyance and reserved to BNPPLC are any rights
or privileges of BNPPLC under the following are expressly reserved and retained by BNPPLC: (i) the
indemnities set forth in the Sublease and the Ground Lease, whether such rights are

Exhibit C-1 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 2

 

 

presently known
or unknown, including rights of BNPPLC to be indemnified against environmental claims of third
parties, as provided in the Ground Lease which may not presently
be known; and (ii) provision in the Sublease that establish the right of BNPPLC to recover any
accrued unpaid rent under the Sublease which may be outstanding as of the date hereof; and (iii)
agreements between BNPPLC and BNPPLC’s Parent or any Participant, or any modification or extension
thereof.

BNPPLC agrees to warrant and defend the title to the Subleased Premises as herein assigned, against
claims and demands of any person claiming under or through a Lien Removable by BNPPLC relating to
the Subleased Premises.

     3. “As Is” Reversion. Notwithstanding any contrary provisions contained herein, NAI
acknowledges that BNPPLC makes no representations or warranties of any nature or kind, whether
statutory, express or implied, with respect to environmental matters or the physical condition of
the Subleased Premises, and NAI, by acceptance of this agreement, accepts the Subleased Premises
“As Is,” “Where Is,” and “With All Faults,” and without any such representation or warranty by
BNPPLC as to environmental matters, the physical condition of the Subleased Premises, compliance
with subdivision or platting requirements or construction of any improvements. Without limiting the
generality of the foregoing, NAI hereby further acknowledges and agrees that warranties of
merchantability and fitness for a particular purpose are excluded from the transactions
contemplated by this Agreement, as are any warranties arising from a course of dealing or usage of
trade. NAI hereby assumes all risk and liability (and agrees that BNPPLC will not be liability for
any special, direct, indirect, consequential, or other damages) resulting or arising from or
relating to the ownership, use, condition, location, maintenance, repair, or operation of the
Subleased Premises, except for damages proximately caused by (and attributed by any applicable
principles of comparative fault to) the “Established Misconduct” of BNPPLC.

     4. Binding Effect. The terms, provisions, covenants, and conditions hereof will be
binding upon NAI and BNPPLC and their respective successors and assigns, and any other party
claiming through either of them, and will inure to the benefit of NAI and BNPPLC and all
transferees, mortgages, successors and assigns.

     5. Miscellaneous. This Agreement and any other agreement relating hereto and
executed concurrently herewith represent the entire agreement of the parties hereto with respect to
the subject matter hereof and supersede any prior negotiations and agreement between BNPPLC and NAI
concerning the subject matter hereof. No amendment or modification of this Agreement will be
binding or valid unless express in a writing executed by both parties hereto. This Agreement will
be governed by and construed in accordance with the laws of the State of North Carolina without
regard to conflict or choice of laws. Words in the singular number will be held to include the
plural and vice versa, unless the context otherwise requires. This Agreement may be executed in
counterparts, each of which will be an original and all of which together will be a single

Exhibit C-1 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 3

 

 

instrument.

[Signature pages follow.]

Exhibit C-1 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 4

 

 

IN WITNESS WHEREOF, BNPPLC and NAI have signed this Agreement Concerning Ground Lease to be
effective as of                     , 20___.

	 	 	 	 	 	 	 	 	 
	 	 	BNP PARIBAS LEASING CORPORATION, a
 Delaware
corporation	 	 
	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

	 	 	 	 	 	 	 
	STATE OF
                                        

	 	 	)	 	 	 
	 

	 	 	)	 	 	SS
	COUNTY OF
                                        

	 	 	)	 	 	 

I,
                                        
                    , certify that

                                        
 personally came
before me this day and acknowledged that he is
                                        
 of BNP Paribas Leasing
Corporation, a Delaware corporation, and that he, as a
                                        
 being duly
authorized to do so, executed the foregoing on behalf of the corporation.

Witness my hand and official seal this the                      day of
                    , 20___.

  
                   
                  
                 
                        

Notary Public, State of         
            

My Commission Expires:

                                      
                      

(Notary Seal)

Exhibit C-1 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 5

 

 

[Continuation of signature pages to Agreement Concerning Ground Lease dated to be effective as of
                    , 20___.]

	 	 	 	 	 	 	 	 	 
	 	 	NETWORK APPLIANCE, INC., a 
Delaware corporation

	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

	 	 	 	 	 	 	 
	STATE OF
                                        

	 	 	)	 	 	 
	 

	 	 	)	 	 	SS
	COUNTY OF
                                        

	 	 	)	 	 	 

I,
                                        
                    , certify that

                                        
 personally came
before me this day and acknowledged that he is
                                        
 of Network Appliance,
Inc., a Delaware corporation, and that he, as a
                                        
 being duly authorized to do
so, executed the foregoing on behalf of the corporation.

Witness my hand and official seal this the                      day of
                    , 20___.

                                      
                                       
   

Notary Public, State of         
            

My Commission Expires:

                                      
                      

(Notary Seal)

Exhibit C-1 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 6

 

 

Annex A

Legal Description

[DRAFTING NOTE: TO THE EXTENT THAT THE “LAND” COVERED BY THE GROUND LEASE CHANGES FROM TIME
TO TIME AS PROVIDED THEREIN OR BECAUSE OF ADJUSTMENTS FOR WHICH NAI REQUESTS BNPPLC’S CONSENT OR
APPROVAL AS PROVIDED IN THE CLOSING CERTIFICATE, SO TOO WILL THE DESCRIPTION OF THE LAND BELOW
CHANGE. ANY SUCH CHANGES WILL BE INCORPORATED INTO THE DESCRIPTION BELOW AND THIS “DRAFTING NOTE”
WILL BE DELETED BEFORE THE ASSIGNMENT TO WHICH THIS DESCRIPTION IS ATTACHED IS ACTUALLY EXECUTED
AND DELIVERED.]

BEING a portion of Site 12 as shown on the map entitled “Exempt Subdivision Map of Site 12”,
prepared by Barbara H. Mulkey Engineering, Inc., on May 30, 2000 as recorded in the Book of Maps
2000, Page 1300, Wake County, North Carolina Registry, such portion being described as follows:

Unit 4 and the Additional Leased Premises, both as defined below (collectively, the
“Ground Lease Premises”).

As used in this Exhibit:

     (1) “Additional Leased Premises” means the land surrounding and adjacent to
Unit 4, depicted on the site plan attached to and made a part of this Exhibit as the
area shaded in gray, which includes parking lots, driveways and other areas within
the larger area designated as Common Elements in the Condominium Declaration. The
outer boundaries of the Additional Leased Premises are described by metes and bounds
on the last page attached to and made a part of this Exhibit. All land within those
outer boundaries, other than Unit 4, is included in the Additional Leased Premises.

     (2) “Condominium Declaration” means the Declaration of Condominium for NetApp
RTP Phase I Condominium recorded in Book 012647, Page 01310, Wake County, North
Carolina Registry.

     (3) “Condominium Map” means the plat provided to BNP Paribas Leasing
Corporation (“BNPPLC”) by Network Appliance, Inc. (“NAI”) attached to and made a
part of this Exhibit. (The Condominium Map has also been filed in the Book of Maps
CM2007, Page 444A1, Wake County, North Carolina Registry.)

Exhibit C-1 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 7

 

 

     (4) “Unit 4” means the land designated and described in the Condominium
Declaration as Unit 4 and is shown on the Condominium Map and site plan
attached to and made a part of this Exhibit.

TOGETHER WITH, easements appurtenant to the Amended and Restated Ground Lease Premises as described
in Exhibit A attached to the Ground Lease dated as of November 29, 2007 between BNPPLC, as
lessee, and NAI, as lessor (the “Ground Lease”);

SUBJECT, HOWEVER, to an easement reserved over the Additional Leased Premises (but not any part of
Unit 4) in favor of the Association as described in Exhibit A attached to the Ground Lease.

Exhibit C-1 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 8

 

 

Exhibit C-1 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 9

 

 

Exhibit C-1 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 10

 

 

Attachment
to Exhibit A — Metes and Bounds

Description of “Additional Leased Premises”

    
      The following is a metes and bounds description
of the outer boundaries of the Additional Leased
Premise:

BEGINNING at NCGS Monument “Hopson”, said monument having NC Grid Coordinates of N=773,721.48 and
E=2,034,907.39 (NAD 83), traveling thence South
11o
44' 59" West 6154.66 feet to a
right-of-way monument on the southern margin of Louis Stephens Drive (a 100 foot public
right-of-way), thence North
72o
48' 35" East 164.29 feet to a right-of-way monument on
the southern margin of Kit Creek Road (a 150 foot public right-of-way); thence with the southern
margin of said Kit Creek Road the following two (2) courses and distances:

	 	(1)	 	South 68o 46' 54 East 412.64 feet to a right-of-way monument; and
	 
	 	(2)	 	with a curve to the right having a radius of 924.83 feet, an arc length of 475.96,
and a chord bearing and distance of South of 54o 02' 59" East 470.72 feet to a
computed point;

said
computed being the POINT AND PLACE OF BEGINNING; thence from said point of beginning
and continuing with the southern margin of Kit Creek Road South 39o 18' 29" East 571.64
feet to a computed point, thence cornering and leaving said
right-of-way and with the common line of
property now or formerly owned by Research Triangle Foundation of NC (DB 1670 PG 239) the following
two (2) courses and distances:

	 	(1)	 	South
50o
41' 31" West 100.00 feet to an iron pipe found; and

	 
	 	(2)	 	South
83o
31' 01" West 483.47 feet to an iron pipe found;

thence cornering and along three (3) new lines within the bounds of property owned by Network
Appliance, Inc. (DB 10941 Pg 2054) as follows:

	 	(1)	 	North
12o 44' 00" West 279.97 feet;
	 
	 	(2)	 	North
48o 55' 31" West 50.30 feet; and
	 
	 	(3)	 	North
32o 57'
24" East 401.61 feet to a point along the southern margin of
said Kit Creek Road;

thence
with the southern
margin of Kit Creek Road along a curve to the right having a radius of
925.04 feet, an arc length of 113.05 feet and a chord bearing and distance of
South 42o
48' 33" East 112.98 feet to the POINT AND PLACE OF
BEGINNING, containing
5.36 acres (233,621
square feet), more or less, said area shown on rendering attached hereto.

Exhibit C-1 to Amended
and Restated Purchase Agreement (RTP Data Center) – Page 11

 

Annex B

Permitted Encumbrances

[DRAFTING NOTE: BEFORE THIS AGREEMENT IS ACTUALLY EXECUTED AND DELIVERED BY BNPPLC: ALL PERMITTED
ENCUMBRANCES LISTED IN EXHIBIT B TO THE CLOSING CERTIFICATE WILL BE SET OUT BELOW, IN ADDITION TO
THE ITEMS ALREADY LISTED. ALSO, IF ANY ENCUMBRANCES (OTHER THAN “LIENS REMOVABLE BY BNPPLC”) ARE
IDENTIFIED IN ADDITION TO THOSE DESCRIBED BELOW OR IN EXHIBIT B TO THE CLOSING CERTIFICATE, SUCH
ADDITIONAL ENCUMBRANCES WILL BE ADDED TO THE LIST BELOW. AFTER SUCH ADJUSTMENTS ARE MADE, THIS
“DRAFTING NOTE” WILL BE DELETED. THE ADDITIONAL ENCUMBRANCES TO BE LISTED BELOW WOULD INCLUDE ANY
NEW ENCUMBRANCES APPROVED BY BNPPLC AS “PERMITTED ENCUMBRANCES” FROM TIME TO TIME OR BECAUSE OF
NAI’s REQUEST FOR BNPPLC’S CONSENT OR APPROVAL TO AN ADJUSTMENT.]

This conveyance is subject to all encumbrances not constituting a “Lien Removable by BNPPLC” (as
defined in the Amended and Restated Common Definitions and Provisions Agreement), including the
following matters to the extent the same are still valid and in force:

	1.	 	Taxes for the year 2007 and subsequent years, not yet due and payable.
	 
	2.	 	Amended Declaration of Covenants recorded in Book 1663, page 559, Wake County Registry and
Amended Conditions, Covenants, Restrictions and Reservations recorded in Book 3679, page 53,
Wake County Registry as further amended and modified by instrument recorded in Book 3679, page
41, Wake County Registry; instrument recorded in Book 3679, page 48, Wake County Registry; and
instrument recorded in Book 3679, page 53, Wake County Registry. The aforesaid covenants were
extended by Extension Agreement recorded in Book 6098, page 683, Wake County Registry.
	 
	3.	 	Easement(s) to Duke Power Company recorded in Book 1306, page 330; Book 1262, page 51; Book
1262, page 186; Book 1306, page 334; Book 1389, page 570; and Book 1389, page 568, Wake County
Registry.
	 
	4.	 	Sanitary Sewer Easement recorded in Book 4783, page 360, Wake County Registry; and shown in
Map Book 1990, pages 973-976, Wake County Registry.
	 
	5.	 	Easement to Duke Power Company as shown in Plat Book 1985, page 1208 and Plat Book 1985,
1347, Wake County Registry.

	6.	 	The following maters as shown on plat prepared by Barbara H. Mulkey Engineering,

Exhibit C-1 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 12

 

 

	 	 	Inc.,
dated May 30, 2000 entitled “Exempt Subdivision Map of Site 12”, recorded in Book of Maps
2000, page 1300, Wake County Registry:

	 	(a)	 	New permanent drainage easement along the eastern right of way identified on
such plat as “Future Roadway for Louis Stephens Drive”;
	 
	 	(b)	 	Surface Cover Maintenance easement along the western boundary of Site 12 as
shown on such plat;
	 
	 	(c)	 	One hundred (100) year flood zone along the southern boundary of Site 12 as
shown on such plat;
	 
	 	(d)	 	Temporary drainage easement along norther boundary of Site 12 as shown on such
plat;
	 
	 	(e)	 	Existing sixty (60) foot right of way of Kit Creek Road, which right of way is
to be abandoned (if it has not already been abandoned) as located in the northeastern
portion of Site 12 as shown on such plat;
	 
	 	(f)	 	Overhead electric lines located on the northeastern portion of Site 12 as shown
on such plat;
	 
	 	(g)	 	Flood plain area, wetlands and creek located within the Natural Area Preserve
as shown on such plat; and
	 
	 	(h)	 	Thirty (30) foot Wake County sanitary sewer easement within the Natural Areas
Preserve as shown on such plat.

	7.	 	Except to the extent inconsistent with or in conflict with the requirements, limitations and
qualifications of subparagraphs ?, 11(L) and ? of the Ground Lease, the terms and conditions
of the Condominium Declaration.

Exhibit C-1 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 13

 

 

Exhibit C-2

Form of Assignment of Ground Lease and Improvements

RECORDING REQUESTED BY

AND WHEN RECORDED MAIL TO:

	 	 	 	 	 
	NAME:	 	[NAI or the Applicable Purchaser]
	ADDRESS:
	 	 	 	 
	ATTN:

	 	 

	 	 
	CITY:

	 	 

	 	 
	STATE:

	 	 

	 	 
	Zip:

	 	 

	 	 
	 

	 	 

	 	 

ASSIGNMENT OF GROUND LEASE AND IMPROVEMENTS

(Covering Improvements and Leasehold Estate in Land)

     BNP Paribas Leasing Corporation (“Assignor”), a Delaware corporation, for and in consideration
of the sum of Ten Dollars ($10.00) and other valuable consideration paid to Assignor by [NAI or the
Applicable Purchaser] (hereinafter called “Assignee”), the receipt and sufficiency of which are
hereby acknowledged, does hereby GRANT, SELL, CONVEY, ASSIGN and DELIVER to Assignee (1) the
leasehold estate created by an Amended and Restated Ground Lease (RTP Data Center) from NAI to
Assignor dated as of November 29, 2007, which covers the land described in Annex A attached hereto
and hereby made a part hereof, and (2) all other rights, titles and interests of Assignor in and to
(a) such land, (b) the buildings and other improvements situated on such land, (c) any fixtures and
other property affixed thereto and (d) the adjacent streets, alleys and rights-of-way (all of the
property interests conveyed hereby being hereinafter collectively referred to as the “Property”);
however, this conveyance is made by Assignor and accepted by Assignee subject to the terms and
conditions of the aforementioned Ground Lease and to all zoning and other ordinances affecting the
Property, all general or special assessments due and payable after the date hereof, all
encroachments, variations in area or in measurements, boundary line disputes, roadways and other
matters not of record which would be disclosed by a current survey and inspection of the Property,
and the encumbrances listed in Annex B attached hereto and made a part hereof (collectively, the
“Permitted Encumbrances”).

     TO HAVE AND TO HOLD the Property, together with all and singular
the rights and appurtenances thereto belonging unto Assignee, its successors and assigns, forever,
and Assignor does hereby bind Assignor and Assignor’s successors and assigns to warrant and forever
defend all and singular the said premises unto Assignee, its successors and assigns against every
person whomsoever lawfully claiming, or to claim the same, or any part thereof by, through or under
Assignor, but not otherwise; subject, however, to the Permitted Encumbrances. Except as expressly
set forth in the preceding sentence, Assignor makes no warranty of title, express or

 

 

implied.

     Assignor makes no representations or warranties of any nature or kind, whether statutory,
express or implied, with respect to environmental matters or the physical condition of the
Property, and Assignee, by acceptance of this Assignment, accepts the Property “AS
IS,” “WHERE IS,” “WITH ALL FAULTS” and without any
such representation or warranty by Assignor as to environmental matters, the physical condition of
the Property, compliance with subdivision or platting requirements or construction of any
improvements. Without limiting the generality of the foregoing, by acceptance of this Assignment,
Assignee hereby further acknowledges and agrees that warranties of merchantability and fitness for
a particular purpose are excluded from the transaction contemplated by this Assignment, as are any
warranties arising from a course of dealing or usage of trade.

     Assignee hereby assumes the obligations (including any personal obligations) of Assignor, if
any, created by or under, and agrees to be bound by the terms and conditions of, the Permitted
Encumbrances to the extent that the same concern or apply to the land or improvements conveyed by
this Assignment.

[Signature pages follow.]

Exhibit C-2 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 2

 

 

IN WITNESS WHEREOF, Assignor and Assignee have signed this Assignment to be effective as of
                    , 20___.

	 	 	 	 	 	 	 	 	 
	 	 	BNP PARIBAS LEASING CORPORATION, a

Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 

	 	 	)	 	 	 SS
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 

I,
                                        
                    , certify that
                                        
                     personally came
before me this day and acknowledged that he is
                                        
                     of BNP Paribas Leasing
Corporation, a Delaware corporation, and that he, as a
                                        
 being duly
authorized to do so, executed the foregoing on behalf of the corporation.

Witness my hand and official seal this the                      day
of___, 20___.

	 	 	 	 	 	 	 
	 

	 	 	 	 

Notary Public, State of                     
	 	 
	 
	 	 	 	 	 	 
	My Commission Expires:
	 	 	 	 	 	 
	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	(Notary Seal)
	 	 	 	 	 	 

Exhibit C-2 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 3

 

 

[Continuation of signature pages to Assignment of Ground Lease and Improvements dated to be
effective as of                     , 20___.]

	 	 	 	 	 
	[NAI or the Applicable Purchaser]	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:

	 	 

	 	 
	 

	 	 

	 	 

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 

	 	 	)	 	 	 SS
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 

	 	 	 	 	 	 

I,
                                        
                    , certify that
                                        
                     personally came
before me this day and acknowledged that he is
                                        
                     of [NAI or the
Applicable Purchaser], a                             
                    , and that he, as a            
                                       
           being duly
authorized to do so, executed the foregoing on behalf of the                     .

Witness my hand and official seal this the                      day
of___, 20___.

	 	 	 	 	 	 	 
	 

	 	 	 	 

Notary Public, State of                     
	 	 
	 
	 	 	 	 	 	 
	My Commission Expires:
	 	 	 	 	 	 
	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	(Notary Seal)
	 	 	 	 	 	 

Exhibit C-2 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 4

 

 

Annex A

LEGAL DESCRIPTION

[DRAFTING NOTE: TO THE EXTENT THAT THE “LAND” COVERED BY THE GROUND LEASE CHANGES FROM
TIME TO TIME AS PROVIDED THEREIN OR BECAUSE OF ADJUSTMENTS FOR WHICH NAI REQUESTS BNPPLC’S CONSENT
OR APPROVAL AS PROVIDED IN THE CLOSING CERTIFICATE, SO TOO WILL THE DESCRIPTION OF THE LAND BELOW
CHANGE. ANY SUCH CHANGES WILL BE INCORPORATED INTO THE DESCRIPTION BELOW AND THIS “DRAFTING NOTE”
WILL BE DELETED BEFORE THE ASSIGNMENT TO WHICH THIS DESCRIPTION IS ATTACHED IS ACTUALLY EXECUTED
AND DELIVERED.]

BEING a portion of Site 12 as shown on the map entitled “Exempt Subdivision Map of Site 12”,
prepared by Barbara H. Mulkey Engineering, Inc., on May 30, 2000 as recorded in the Book of Maps
2000, Page 1300, Wake County, North Carolina Registry, such portion being described as follows:

Unit 4 and the Additional Leased Premises, both as defined below (collectively, the
“Ground Lease Premises”).

As used in this Exhibit:

     (1) “Additional Leased Premises” means the land surrounding and adjacent to
Unit 4, depicted on the site plan attached to and made a part of this Exhibit as the
area shaded in gray, which includes parking lots, driveways and other areas within
the larger area designated as Common Elements in the Condominium Declaration. The
outer boundaries of the Additional Leased Premises are described by metes and bounds
on the last page attached to and made a part of this Exhibit. All land within those
outer boundaries, other than Unit 4, is included in the Additional Leased Premises.

     (2) “Condominium Declaration” means the Declaration of Condominium for NetApp
RTP Phase I Condominium recorded in Book 012647, Page 01310, Wake County, North
Carolina Registry.

     (3) “Condominium Map” means the plat provided to BNP Paribas Leasing
Corporation (“BNPPLC”) by Network Appliance, Inc. (“NAI”) attached to and made a
part of this Exhibit. (The Condominium Map has also been filed in the Book of Maps
CM2007, Page 444A1, Wake County, North Carolina Registry.)

Exhibit C-2 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 5

 

 

     (4) “Unit 4” means the land designated and described in the Condominium
Declaration as Unit 4 and is shown on the Condominium Map and site plan attached to
and made a part of this Exhibit.

TOGETHER WITH, easements appurtenant to the Amended and Restated Ground Lease Premises as described
in Exhibit A attached to the Ground Lease dated as of November 29, 2007 between BNPPLC, as
lessee, and NAI, as lessor (the “Ground Lease”);

SUBJECT, HOWEVER, to an easement reserved over the Additional Leased Premises (but not any part of
Unit 4) in favor of the Association as described in Exhibit A attached to the Ground Lease.

Exhibit C-2 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 6

 

 

Exhibit C-2 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 7

 

 

Exhibit C-2 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 8

 

 

Attachment to Exhibit A — Metes and Bounds

Description of “Additional Leased Premises”

     The following is a metes and bounds description of the outer boundaries of the Additional
Leased Premise:

BEGINNING at NCGS Monument “Hopson”, said monument having NC Grid Coordinates of N=773,721.48 and
E=2,034,907.39 (NAD 83), traveling thence South 11° 44' 59" West 6154.66 feet to a
right-of-way monument on the southern margin of Louis Stephens Drive (a 100 foot public right-of-way),
thence North 72° 48' 35" East 164.29 feet to a right-of-way monument on the southern margin of
Kit Creek Road (a 150 foot public right-of-way); thence with the southern margin of said Kit Creek
Road the following two (2) courses and distances:

	 	(1)	 	South 68° 46' 54" East 412.64 feet to a right-of-way monument; and
	 
	 	(2)	 	with a curve to the right having a radius of 924.83 feet, an
arc length of 475.96,
and a chord bearing and distance of South 54° 02' 59" East 470.72 feet to a computed
point;

said
computed being the POINT AND PLACE OF BEGINNING; thence
from said point of beginning
and continuing with the southern margin of Kit Creek Road South
39° 18' 29" East 571.64 feet to
a computed point, thence cornering and leaving said right-of-way and with the common line of
property now or formerly owned by Research Triangle Foundation of NC (DB 1670 PG 239) the
following two (2) courses and distances:

     (1) South
50° 41' 31" West 100.00 feet to an iron pipe found; and

     (2) South
83° 31' 01" West 483.47 feet to an iron pipe found;

thence cornering and along three (3) new lines within the bounds of property owned by Network
Appliance, Inc. (DB 10941 Pg 2054) as follows:

     (1) North 12° 44' 00" West 279.97 feet;

     (2) North 48° 55' 31" West 50.30 feet; and

     (3) North 32° 57' 24" East 401.61 feet to a point along the southern margin of said Kit
Creek Road;

thence with the southern margin of Kit Creek Road along a curve to the right having a radius of
925.04 feet, an arc length of 113.05 feet and a chord bearing and distance of South 42° 48' 33"
East 112.98 feet to the POINT AND PLACE OF BEGINNING, containing 5.36 acres (233,621
square feet), more or less, said area shown on the rendering attached hereto.

Exhibit C-2
to Amended and Restated Purchase Agreement (RTP Data Center) – Page 9

 

 

Annex B

Permitted Encumbrances

[DRAFTING NOTE: BEFORE THIS ASSIGNMENT
IS ACTUALLY EXECUTED AND DELIVERED BY BNPPLC: ALL
PERMITTED ENCUMBRANCES LISTED IN EXHIBIT B TO THE CLOSING CERTIFICATE WILL BE SET OUT BELOW, IN
ADDITION TO THE ITEMS ALREADY LISTED. ALSO, IF ANY ENCUMBRANCES (OTHER THAN “LIENS REMOVABLE BY
BNPPLC”) ARE IDENTIFIED IN ADDITION TO THOSE DESCRIBED BELOW OR IN EXHIBIT B TO THE CLOSING
CERTIFICATE, SUCH ADDITIONAL ENCUMBRANCES WILL BE ADDED TO THE LIST BELOW. AFTER SUCH ADJUSTMENTS
ARE MADE, THIS “DRAFTING NOTE” WILL BE DELETED. THE ADDITIONAL ENCUMBRANCES TO BE LISTED BELOW
WOULD INCLUDE ANY NEW ENCUMBRANCES APPROVED BY BNPPLC AS “PERMITTED ENCUMBRANCES” FROM TIME TO TIME
OR BECAUSE OF NAI’s REQUEST FOR BNPPLC’S CONSENT OR APPROVAL TO AN ADJUSTMENT.]

     This conveyance is subject to all encumbrances not constituting a “Lien Removable by BNPPLC”
(as defined in the Amended and Restated Common Definitions and Provisions Agreement (RTP Data
Center) incorporated by reference into the Amended and Restated Lease Agreement (RTP Data Center)
referenced in the last item of the list below), including the following matters to the extent the
same are still valid and in force:

	1.	 	Taxes for the year 2007 and subsequent years, not yet due and payable.
	 
	2.	 	Amended Declaration of Covenants recorded in Book 1663, page 559, Wake County Registry and
Amended Conditions, Covenants, Restrictions and Reservations recorded in Book 3679, page 53,
Wake County Registry as further amended and modified by instrument recorded in Book 3679, page
41, Wake County Registry; instrument recorded in Book 3679, page 48, Wake County Registry; and
instrument recorded in Book 3679, page 53, Wake County Registry. The aforesaid covenants were
extended by Extension Agreement recorded in Book 6098, page 683, Wake County Registry.
	 
	3.	 	Easement(s) to Duke Power Company recorded in Book 1306, page 330; Book 1262, page 51; Book
1262, page 186; Book 1306, page 334; Book 1389, page 570; and Book 1389, page 568, Wake County
Registry.
	 
	4.	 	Sanitary Sewer Easement recorded in Book 4783, page 360, Wake County Registry; and shown in
Map Book 1990, pages 973-976, Wake County Registry.
	 
	5.	 	Easement to Duke Power Company as shown in Plat Book 1985, page 1208 and Plat Book 1985,
1347, Wake County Registry.

Exhibit C-2 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 10

 

 

	6.	 	The following maters as shown on plat prepared by Barbara H. Mulkey Engineering, Inc.,
dated May 30, 2000 entitled “Exempt Subdivision Map of Site 12”, recorded in Book of Maps
2000, page 1300, Wake County Registry:

	 	(a)	 	New permanent drainage easement along the eastern right of way identified on
such plat as “Future Roadway for Louis Stephens Drive”;
	 
	 	(b)	 	Surface Cover Maintenance easement along the western boundary of Site 12 as
shown on such plat;
	 
	 	(c)	 	One hundred (100) year flood zone along the southern boundary of Site 12 as
shown on such plat;
	 
	 	(d)	 	Temporary drainage easement along norther boundary of Site 12 as shown on such
plat;
	 
	 	(e)	 	Existing sixty (60) foot right of way of Kit Creek Road, which right of way is
to be abandoned (if it has not already been abandoned) as located in the northeastern
portion of Site 12 as shown on such plat;
	 
	 	(f)	 	Overhead electric lines located on the northeastern portion of Site 12 as shown
on such plat;
	 
	 	(g)	 	Flood plain area, wetlands and creek located within the Natural Area Preserve
as shown on such plat; and
	 
	 	(h)	 	Thirty (30) foot Wake County sanitary sewer easement within the Natural Areas
Preserve as shown on such plat.

	7.	 	Except to the extent inconsistent with or in conflict with the requirements, limitations and
qualifications of subparagraphs ?, 11(L) and ? of the Ground Lease, the terms and conditions
of the Condominium Declaration.

Exhibit C-2 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 11

 

 

Exhibit C-3

BILL OF SALE AND ASSIGNMENT

     Reference is made to: (1) that certain Amended and Restated Purchase Agreement (RTP Data
Center) dated as of November 29, 2007, (the “Purchase Agreement”) between BNP Paribas Leasing
Corporation (“Assignor”), a Delaware corporation, and Network Appliance, Inc., a Delaware
corporation, and (2) that certain Amended and Restated Lease Agreement dated as of
November 29, 2007 (the “Lease”) between Assignor, as landlord, and Network Appliance, Inc., a
Delaware corporation, as tenant. (Capitalized terms used and not otherwise defined in this document
are intended to have the meanings assigned to them in the Amended and Restated Common Definitions
and Provisions Agreement (RTP Data Center) incorporated by reference into both the Purchase
Agreement and Lease.)

     As contemplated by the Purchase Agreement, Assignor hereby sells, transfers and assigns unto
[NAI or the Applicable Purchaser], a                      (“Assignee”), all of Assignor’s right, title and
interest in and to the following property, if any, to the extent such property is assignable:

	 	(a)	 	the Lease;
	 
	 	(b)	 	any pending or future award made because of any condemnation affecting the
Property or because of any conveyance to be made in lieu thereof, and any unpaid award
for damage to the Property and any unpaid proceeds of insurance or claim or cause of
action for damage, loss or injury to the Property; and
	 
	 	(c)	 	all other personal or intangible property included within the definition of
“Property” as set forth in the Purchase Agreement, including but not limited to any of
the following transferred to Assignor by the tenant pursuant to Paragraph 6 of
the Lease or otherwise acquired by Assignor, at the time of the execution and delivery
of the Lease and Purchase Agreement or thereafter, by reason of Assignor’s status as
the owner of any interest in the Property: (1) any goods, equipment, furnishings,
furniture, chattels and tangible personal property of whatever nature that are located
on the Property and all renewals or replacements of or substitutions for any of the
foregoing; (ii) the rights of Assignor, existing at the time of the execution of the
Lease and Purchase Agreement or thereafter arising, under Permitted Encumbrances; and
(iii) any general intangibles, other permits, licenses, franchises, certificates, and
other rights and privileges related to the Property that Assignee would have acquired
if Assignee had itself acquired the interest of Assignor in and to the Property instead
of Assignor.

Provided, however, excluded from this conveyance and reserved to Assignor are any rights or
privileges of Assignor under the following: (1) the indemnities set forth in the Construction
Agreement, the Lease and the Ground Lease, whether such rights are presently known or
unknown, including rights of the Assignor to be indemnified against environmental claims of

 

 

third
parties as provided in the Construction Agreement and the Lease which may not presently be known,
all of which indemnities will survive the deliver of this Bill of Sale and Assignment and other
documents required by the Purchase Agreement, (2) provisions in the Lease that establish the right
of Assignor to recover any accrued unpaid rent under the Lease which may be outstanding as of the
date hereof, (3) agreements between Assignor and Assignor’s Parent or any Participant, or (4) any
other instrument being delivered to Assignor contemporaneously herewith pursuant to the Purchase
Agreement.[Drafting Note: The following sentence will be included unless the Property is
being sold to NAI or an Affiliate pursuant to subparagraph 2(A)(1), 3(A) or 3(B) of the Purchase
Agreement: Also excluded from this conveyance and reserved to Assignor are (i) the right to
retain Escrowed Proceeds, if any, that consist of condemnation or insurance proceeds resulting from
a Pre-completion Force Majeure Event, and (ii) any right to receive future payments of any such
condemnation or insurance proceeds.]

     Assignor does for itself and its successors covenant and agree to warrant and defend the title
to the property assigned herein against the just and lawful claims and demands of any person
claiming under or through a Lien Removable by Assignor, but not otherwise.

     Assignee hereby assumes and agrees to keep, perform and fulfill Assignor’s obligations, if
any, relating to any permits or contracts (including the Lease), under which Assignor has rights
being assigned herein.

[Signature pages follow.]

Exhibit C-3 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 2

 

 

IN WITNESS WHEREOF, Assignor and Assignee have signed this Bill of Sale and Assignment to be
effective as of                     , 20___.

	 	 	 	 	 
	 	BNP PARIBAS LEASING CORPORATION, a 

Delaware
corporation

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 	 	 	 	 	 	 
	 

	 	 	 	 	)	 	 	SS
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 	 	 	 	 	 	 

I,
                                        
                    , certify that

                                        
                     personally came
before me this day and acknowledged that he is
                                        
                     of BNP Paribas Leasing
Corporation, a Delaware corporation, and that he, as a
                                        
                     being duly
authorized to do so, executed the foregoing on behalf of the corporation.

Witness my hand and official seal this the                      day
of                    , 20___.

             
          
           
           
            
                       

Notary Public, State of                     

My Commission Expires:

                                      
  

(Notary Seal)

Exhibit C-3 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 3

 

 

[Continuation of signature pages to Bill of Sale and Assignment dated to be effective as of
                    , 20___.]

[NAI or the Applicable Purchaser]

By:
                                        

Name:
                                        

Title:
                                        

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 	 	 	 	 	 	 
	 

	 	 	 	 	)	 	 	SS
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 	 	 	 	 	 	 

I,             
                      
                      
    , certify that                
                      
                      
  personally came before me this day and acknowledged that he is           
                      
                      
       of [NAI or the Applicable Purchaser], a       
                      
                      
          , and that he, as a         
                      
                      
         being duly authorized to do so, executed the foregoing on behalf of the

  
                      
                .

Witness my hand and official seal this the                      day
of                    , 20___.

          
            
        
         
        
         
                        

Notary Public, State of                     

My Commission Expires:

                                      
  

(Notary Seal)

Exhibit C-3 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 4

 

 

Exhibit C-4

ACKNOWLEDGMENT OF DISCLAIMER

OF REPRESENTATIONS AND WARRANTIES

     THIS ACKNOWLEDGMENT OF DISCLAIMER OF REPRESENTATIONS AND WARRANTIES (this “Certificate”) is
made as of                                         ,                     , by [NAI or the Applicable Purchaser], a
                                        
(“Assignee”).

     Contemporaneously with the execution of this Certificate, BNP Paribas Leasing Corporation
(“Assignor”), a Delaware corporation, is executing and delivering to Assignee (1) an Assignment of
Ground Lease and Improvements, and (2) a Bill of Sale and Assignment (the foregoing documents and
any other documents to be executed in connection therewith are herein called the “Conveyancing
Documents” and any of the properties, rights or other matters assigned, transferred or conveyed
pursuant thereto are herein collectively called the “Subject Property”).

     Notwithstanding any provision contained in the Conveyancing Documents to the contrary,
Assignee acknowledges that Assignor makes no representations or warranties of any nature or kind,
whether statutory, express or implied, with respect to environmental matters or the physical
condition of the Subject Property, and Assignee, by acceptance of the Conveyancing Documents,
accepts the Subject Property “AS IS,” “WHERE IS,” “WITH
ALL FAULTS” and without any such representation or warranty by Grantor as to
environmental matters, the physical condition of the Subject Property, compliance with subdivision
or platting requirements or construction of any improvements. Without limiting the generality of
the foregoing, Assignee hereby further acknowledges and agrees that warranties of merchantability
and fitness for a particular purpose are excluded from the transaction contemplated by the
Conveyancing Documents, as are any warranties arising from a course of dealing or usage of trade.
Assignee hereby assumes all risk and liability (and agrees that Assignor will not be liable for any
special, direct, indirect, consequential, or other damages) resulting or arising from or relating
to the ownership, use, condition, location, maintenance, repair, or operation of the Subject
Property, except for damages proximately caused by (and attributed by any applicable principles of
comparative fault to) the Established Misconduct of Assignor. As used in the preceding sentence,
“Established Misconduct” is intended to have, and be limited to, the meaning given to it in the
Amended and Restated Common Definitions and Provisions Agreement (RTP Data Center) incorporated by
reference into the Amended and Restated Purchase Agreement (RTP Data Center) dated as of
November 29, 2007 between Assignor and Network Appliance, Inc., pursuant to which Amended and
Restated Purchase Agreement Assignor is delivering the Conveyancing Documents.

     The provisions of this Certificate will be binding on Assignee, its successors and assigns and
any other party claiming through Assignee. Assignee hereby acknowledges that Assignor is entitled
to rely and is relying on this Certificate.

[Signature page follows.]

 

 

Exhibit C-4
to Amended and Restated Purchase Agreement (RTP Data Center) – Page 2

 

IN WITNESS WHEREOF, Assignor and Assignee have signed this Bill of Sale and Assignment to be
effective as of                     , 20___.

[NAI or the Applicable Purchaser]

By:
                                        

Name:
                                        

Title:
                                        

	 	 	 	 	 	 	 	 	 
	STATE OF

	 	 	 	 	)	 	 	 
	 

	 	 	 	 	 	 	 
	 

	 	 	 	 	)	 	 	SS
	COUNTY OF

	 	 	 	 	)	 	 	 
	 

	 	 	 	 	 	 	 	 

I,
                                        
                    , certify that
                                        
 personally came
before me this day and acknowledged that he is
                                        
 of [NAI or the
Applicable Purchaser], a
                                        
, and that he, as a
                                        
 being duly
authorized to do so, executed the foregoing on behalf of the
          
           
             
      .

Witness my hand and official seal this the                      day
of                    , 20___.

                                      
                         
                 

Notary Public, State of                     

My Commission Expires:

                                      
  

(Notary Seal)

Exhibit C-4 to Amended and Restated Purchase Agreement (RTP Data Center) – Page 3

 

 

Exhibit D

SECRETARY’S CERTIFICATE

     The undersigned, [Secretary or Assistant Secretary] of BNP Paribas Leasing Corporation
(“BNPPLC”), a Delaware corporation, hereby certifies as follows:

     1. That he is the duly, elected, qualified and acting Secretary [or Assistant Secretary] of
the Corporation and has custody of the corporate records, minutes and corporate seal.

     2. That the following named persons have been properly designated, elected and assigned to the
office in BNPPLC as indicated below; that such persons hold such office at this time and that the
specimen signature appearing beside the name of such officer is his or her true and correct
signature.

[The following blanks must be completed with the names and signatures of the officers who will be
signing the Sale Closing Documents on behalf of BNPPLC.]

	 	 	 	 	 
	Name	 	Title	 	Signature
	 
	 	 	 	 
	 

	 	 
	 	 
	 
	 	 	 	 
	 

	 	 
	 	 

     3. That the resolutions attached hereto and made a part hereof were duly adopted by the Board
of Directors of BNPPLC in accordance with BNPPLC’s Articles of Incorporation and Bylaws. Such
resolutions have not been amended, modified or rescinded and remain in full force and effect.

     IN WITNESS WHEREOF, I have hereunto signed my name and affixed the seal of the Corporation on
this                     , day of                                         , 20___.

              
                       
                       
                      

[signature and title]

 

 

CORPORATE RESOLUTIONS OF

BNP PARIBAS LEASING CORPORATION

[DRAFTING NOTE: INSERT HERE COPIES OF RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS OF
BNPPLC SUFFICIENT TO AUTHORIZE THE DELIVERY OF SALE CLOSING DOCUMENTS. SUCH RESOLUTIONS MAY BE AS
FOLLOWS:

     WHEREAS, pursuant to that certain Amended and Restated Purchase Agreement (RTP Data Center)
(herein called the “Purchase Agreement”) dated as of November 29, 2007, by and between BNP Paribas
Leasing Corporation (“BNPPLC”) and Network Appliance, Inc. (“NAI”) , BNPPLC agreed to sell and
Purchaser agreed to purchase or cause the Applicable Purchaser (as defined in the Purchase
Agreement) to purchase the Corporation’s interest in the property (the “Property”) located in Wake
County, North Carolina, more particularly described therein.

     NOW THEREFORE, BE IT RESOLVED, that the Board of Directors of BNPPLC, in its best business
judgment, deems it in the best interest of BNPPLC and its shareholders that BNPPLC convey the
Property to NAI or the Applicable Purchaser pursuant to and in accordance with the terms of the
Purchase Agreement.

     RESOLVED FURTHER, that the proper officers of BNPPLC, and each of them, are hereby authorized
and directed in the name and on behalf of BNPPLC to cause BNPPLC to fulfill its obligations under
the Purchase Agreement.

     RESOLVED FURTHER, that the proper officers of BNPPLC, and each of them, are hereby authorized
and directed to take or cause to be taken any and all actions and to prepare or cause to be
prepared and to execute and deliver any and all deeds, assignments and other documents, instruments
and agreements that are necessary, advisable or appropriate, in such officer’s sole and absolute
discretion, to carry out the intent and to accomplish the purposes of the foregoing resolutions.]

Exhibit D to Amended and Restated Purchase Agreement (RTP Data Center) – Page 2

 

 

Exhibit E

CERTIFICATION OF NON-FOREIGN STATUS

     Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property
interest must withhold tax if the transferor is a foreign person.

     To inform [NAI or the Applicable Purchaser] (“Transferee”) that withholding of tax is not
required upon the disposition of a U.S. real property interest by BNP PARIBAS LEASING CORPORATION
(“Transferor”), a Delaware corporation, the undersigned hereby certifies the following on behalf of
Transferor:

1) Transferor is not a foreign corporation, foreign partnership, foreign trust, or foreign estate
(as those terms are defined in the Internal Revenue Code and Income Tax Regulations);

2) Transferor is not a disregarded entity (as defined in Section 1.1445-2(b)(2)(iii) of the Income
Tax Regulations);

3) Transferor’s U.S. employer identification number is 75-2252918; and

4) Transferor’s office address is:

BNP Paribas Leasing Corporation

12201 Merit Drive, Suite 860

Dallas, Texas 75251

Attention: Lloyd G. Cox, Managing Director

Telecopy: (972) 788-9140

Transferor understands that this Certification of Non-Foreign Status may be disclosed to the
Internal Revenue Service by Transferee and that any false statement contained herein could be
punished by fine, imprisonment, or both.

Under penalties of perjury I declare that I have examined this Certification of Non-Foreign Status
and to the best of my knowledge and belief it is true, correct and complete, and I further
declare that I have authority to sign this document on behalf of the Transferor.

     Dated:                                         , 20___.

	 	 	 	 	 
	 	 	 
	 	  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

Exhibit F

Notice of Election to Terminate the Supplemental Payment Obligation

and Irrevocable Release and Waiver of the Right to Purchase

[Date]

BNP Paribas Leasing Corporation

12201 Merit Drive, Suite 860

Dallas, Texas 75251

Attention: Lloyd G. Cox, Managing Director

Telecopy: (972) 788-9140

     Re: Amended and Restated Purchase Agreement (RTP Data Center) dated as of November 29, 2007
(the “Purchase Agreement”), between Network Appliance, Inc. (“NAI”), a Delaware corporation, and
BNP Paribas Leasing Corporation (“BNPPLC”), a Delaware corporation

Gentlemen:

     Capitalized terms used in this letter are intended to have the meanings assigned to them in
the Purchase Agreement referenced above. This letter will constitute a notice given pursuant to
subparagraph 6(B) of the Purchase Agreement. As provided in that subparagraph, NAI irrevocably
elects to terminate the Supplemental Payment Obligation effective immediately, subject only to the
conditions described below. In addition, NAI irrevocably waives and releases its rights to
purchase or cause an Affiliate of NAI to purchase the Property granted to it by the Purchase
Agreement. Because of (but without limiting) such waiver and release, the Purchase Option is
terminated and so are all rights of NAI under subparagraphs 2(A) and 3(A) of the Purchase
Agreement.

     NAI acknowledges that this notice will not be effective to terminate the Supplemental Payment
Obligation if it is not received by BNPPLC prior to the Completion Date.

     NAI also acknowledges that even if no prior 97-10/Meltdown Event has occurred, the delivery of
this notice is in and of itself a 
97-10/Meltdown Event under and as defined in the Construction
Agreement. Therefore, after receipt of this notice BNPPLC will be entitled to demand and receive a
97-10/Prepayment, if BNPPLC has not already done so, on and subject to the terms and conditions of
Paragraph 9 of the Construction Agreement. Further, if NAI fails to make a 97-10/Permitted
Prepayment required by the Construction Agreement, BNPPLC may exercise the Put Option as provided
in subparagraph 3(B) of the Purchase Agreement.

     NAI also acknowledges that its right to terminate the Supplemental Payment Obligation
is subject to the condition precedent that: (1) NAI must have given (and not rescinded) a Notice
of NAI’s Intent to Terminate as provided in the Construction Agreement, or (2) BNPPLC must

 

 

have given any FOCB Notice as provided in the Construction Agreement. Accordingly, if neither of
the notices described in the preceding sentence have been given, the Supplemental Payment
Obligation will not terminate by reason of this notice.

     Finally, NAI acknowledges that because the delivery of this notice constitutes a
97-10/Meltdown Event, BNPPLC will have the right at any time for any reason or no reason to
terminate the Lease by notice to NAI.

	 	 	 	 	 
	 	NETWORK APPLIANCE, INC., a Delaware
 corporation

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[cc all Participants]

Exhibit F to Amended and Restated Purchase Agreement (RTP Data Center) – Page 2

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