Document:

EX. 10.1 09.30.2014

Exhibit 10.1

FIRST AMENDMENT TO 
DIGITAL REALTY TRUST, INC., DIGITAL SERVICES, INC. AND 
DIGITAL REALTY TRUST, L.P. 2014 INCENTIVE AWARD PLAN

THIS FIRST AMENDMENT TO DIGITAL REALTY TRUST, INC., DIGITAL SERVICES, INC. AND DIGITAL REALTY TRUST, L.P. 2014 INCENTIVE AWARD PLAN (this “First Amendment”) is made and adopted by the Board of Directors (the “Board”) of Digital Realty Trust, Inc., a Maryland corporation (the “Company”), effective as of July 22, 2014 (the “Effective Date”).  Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to them in the Plan (as defined below).

RECITALS

WHEREAS, the Company maintains the Digital Realty Trust, Inc., Digital Services, Inc. and Digital Realty Trust, L.P. 2014 Incentive Award Plan (the “Plan”);

WHEREAS, pursuant to Section 13.1 of the Plan, the Plan may be amended or modified from time to time by the Company’s Board of Directors (the “Board”); and 

WHEREAS, the Company desires to amend the Plan as set forth herein. 

NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended as set forth herein, effective as of the Effective Date.

AMENDMENT

1.    Section 9.8(a) of the Plan is hereby amended and restated in its entirety as follows:

“(a)     Pro-Rata Grants.  During the term of the Plan, commencing after the effective date of the First Amendment to the Plan: (i) each person who first becomes a Non-Employee Director of the Company on a date other than the date of an annual meeting of the Company’s stockholders shall, on the date of such person first becoming a Non-Employee Director of the Company, be granted a number of Profits Interest Units equal to the product of (A) the quotient obtained by dividing (x) $125,000 by (y) the Fair Market Value of a Share on such date, multiplied by (B) the quotient obtained by dividing (x) twelve (12) minus the number of whole months that have elapsed since the immediately preceding annual meeting of the Company’s stockholders, by (y) twelve (12) (the “Non-Employee Director Pro-Rata Grant”); and (ii) in addition to the Non-Employee Director Pro-Rata Grant (if applicable), each person who first becomes the Chairman of the Board (the “Chairman”) on a date other than the date of an annual meeting of the Company’s stockholders shall, on the date of such person first becoming the Chairman, be granted a number of Profits Interest Units equal to the product of (A) the quotient obtained by dividing (x) $100,000 by (y) the 

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Fair Market Value of a Share on such date, multiplied by (B) the quotient obtained by dividing (x) twelve (12) minus the number of whole months that have elapsed since the immediately preceding annual meeting of the Company’s stockholders, by (y) twelve (12) (the “Chairman Pro-Rata Grant” and, together with the Non-Employee Director Pro-Rata Grant, the “Pro-Rata Grants”).”
 
2.    Section 9.8(b) of the Plan is hereby amended and restated in its entirety as follows:

“(b)     Annual Grants.  During the term of the Plan, commencing as of the first annual meeting of stockholders of the Company to occur after the Company’s 2014 annual meeting: (i)     each person who first becomes a Non-Employee Director of the Company at an annual meeting of stockholders of the Company and each person who otherwise continues to be a Non-Employee Director of the Company immediately following such annual meeting shall, on the date of such annual meeting, be granted a number of Profits Interest Units equal to the quotient obtained by dividing (x) $125,000 by (y) the Fair Market Value of a Share on the date of such annual meeting (the “Non-Employee Director Annual Grant”); and (ii) in addition to the Non-Employee Director Annual Grant, each person who first becomes the Chairman at an annual meeting of stockholders of the Company or such person who otherwise continues to be the Chairman immediately following such annual meeting, as applicable, shall, on the date of such annual meeting, be granted a number of Profits Interest Units equal to the quotient obtained by dividing (x) $100,000 by (y) the Fair Market Value of a Share on the date of such annual meeting (the “Chairman Annual Grant” and, together with the Non-Employee Director Annual Grant, the “Annual Grants”).  A Director who is also an Employee who subsequently incurs a termination of employment and remains on the Board will not receive a Pro-Rata Grant, but, to the extent such Director is otherwise eligible, will receive Annual Grants after such termination of his status as an Employee.”

3.    This First Amendment shall be and is hereby incorporated in and forms a part of the Plan.
4.    Except as expressly provided herein, all terms and provisions of the Plan shall remain in full force and effect.
[Signature Page Follows]

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I hereby certify that the foregoing First Amendment was duly adopted by the Board of Directors of Digital Realty Trust, Inc. on July 22, 2014.

Executed on this 22nd day of July, 2014.

/s/ Joshua A. Mills                
Joshua A. Mills
Senior Vice President, General Counsel and Assistant Secretary

3EX. 10.2 09.30.2014

Exhibit 10.2
Director Compensation Program 
On July 22, 2014, the Board of Directors of Digital Realty Trust, Inc. (the “Company”) approved revisions to the Company’s director compensation program, effective as of April 28, 2014, as follows: 
Under the revised program, each of the Company’s directors who is not an employee of the Company or any of its subsidiaries receives an annual cash retainer of $75,000 for services as a director. In addition, any non-employee director who serves as Chairman of the Board receives an annual cash retainer of $50,000 (in addition to the annual cash base retainer of $75,000). Directors receive annual fees for service as members (excluding chairs) on the following committees, in addition to the foregoing retainers: $10,000 for the Audit Committee; $7,500 for the Compensation Committee; $7,500 for the Nominating and Corporate Governance Committee; and $7,500 for the Strategy Committee. The director who serves as the chair of the Audit Committee receives an additional annual retainer of $20,000; the director who serves as the chair of the Compensation Committee receives an additional annual retainer of $15,000; the director who serves as the chair of the Nominating and Corporate Governance Committee receives an additional annual retainer of $15,000; and the director who serves as the chair of the Strategy Committee receives an additional annual retainer of $15,000. 
The Digital Realty Trust, Inc., Digital Services, Inc. and Digital Realty Trust, L.P. 2014 Incentive Award Plan was amended to provide for revised formula grants of profits interest units to non-employee directors as follows: 
		
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	Pro Rata Grant. Commencing after July 22, 2014: (i) each person who first becomes a non-employee director on a date other than the date of an annual meeting of stockholders will, on the date of such person first becoming a non-employee director, be granted a number of profits interest units equal to the product of (A) the quotient obtained by dividing (x) $125,000 by (y) the fair market value of a share of the Company’s common stock (“Common Stock”) on such date, multiplied by (B) the quotient obtained by dividing (x) 12 minus the number of months that have elapsed since the immediately preceding annual meeting of stockholders, by (y) 12; and (ii) in addition to the foregoing pro-rata grant, if applicable, each person who first becomes the Chairman of the Board on a date other than the date of an annual meeting of stockholders will, on the date of such person first becoming the Chairman of the Board, be granted a number of profits interest units equal to the product of (A) the quotient obtained by dividing (x) $100,000 by (y) the fair market value of a share of Common Stock on such date, multiplied by (B) the quotient obtained by dividing (x) 12 minus the number of whole months that have elapsed since the immediately preceding annual meeting of stockholders, by (y) 12. The awards will be fully vested on the date of grant.

		
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	Annual Grant. Commencing as of the first annual meeting of stockholders to occur after the Company’s 2014 annual meeting: (i) each person who first becomes a non-employee director at an annual meeting of stockholders and each person who otherwise continues to be a non-employee director immediately following such annual meeting will, on the date of such annual meeting, be granted a number of profits interest units equal to the quotient obtained by dividing (x) $125,000 by (y) the fair market value of a share of Common Stock on the date of such annual meeting; and (ii) in addition to the foregoing annual grant, each person who first becomes the Chairman of the Board at an annual meeting of stockholders or such person who otherwise continues to be the Chairman of the Board immediately following such annual meeting, as applicable, will, on the date of such annual meeting, be granted a number of profits interest units equal to the quotient obtained by dividing (x) $100,000 by (y) the fair market value of a share of Common Stock on the date of such annual meeting.  A director who is also an employee who subsequently incurs a termination of employment and remains on the Board will not receive a pro-rata grant, but, to the extent such director is otherwise eligible, will receive annual grants after such termination of his status as an employee. The awards will be fully vested on the date of grant.EX. 10.3 09.30.2014

Exhibit 10.3
AMENDMENT NO. 2 TO THE 
GLOBAL SENIOR CREDIT AGREEMENT 

Dated as of September 16, 2014
AMENDMENT NO. 2 TO GLOBAL SENIOR CREDIT AGREEMENT (this “Amendment”) among Digital Realty Trust, L.P., (the “Operating Partnership”), Digital Realty Datafirm, LLC, a Delaware limited liability company (the “Initial Australia Borrower 1”), Digital Realty Datafirm 2, LLC, a Delaware limited liability company (the “Initial Australia Borrower 2”), Digital Luxembourg II S.À R.L., a Luxembourg private limited liability company (société à responsabilité limitée) (the “Initial Luxembourg Borrower 1”), Digital Luxembourg III S.À R.L., a Luxembourg private limited liability company (société à responsabilité limitée) (the “Initial Luxembourg Borrower 2”), Digital Realty (Blanchardstown) Limited, an Irish private company limited by shares (the “Initial Irish Borrower 1”), Digital Singapore Jurong East Pte. Ltd., a Singapore private limited company (the “Initial Singapore Borrower 1”), Digital HK JV Holding Limited, a British Virgin Islands limited company (the “Initial Singapore Borrower 2”), Digital Netherlands VIII B.V., a private company with limited liability (besloten vennootschap met beperkete aansprakelijkheid) (the “Initial Dutch Borrower 1”), Digital Deer Park 2, LLC, a Delaware limited liability company (the “Initial Australia Borrower 3”), Digital Stout Holding, LLC, a Delaware limited liability company (the “Initial Multicurrency Borrower 1”), Digital Macquarie Park, LLC, a Delaware limited liability company (the “Initial Australia Borrower 4”), Digital Gough, LLC, a Delaware limited liability company (the “Initial Multicurrency Borrower 2”), Digital Netherlands IV B.V., a  private company with limited liability (besloten vennootschap met beperkete aansprakelijkheid) (the “Initial Dutch Borrower 2”), Digital Netherlands I, B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) (the “Initial Dutch Borrower 3”), Digital Japan LLC, a Delaware limited liability company (the “Initial Multicurrency Borrower 3”), Digital Osaka 1 TMK, a Japanese tokutei mokuteki kaisha (the “Initial Yen Borrower 1”) and Digital Australia Finco Pty Ltd., an Australian proprietary limited company (the “Initial Australia Borrower 5”; and collectively with the Operating Partnership, the Initial Australia Borrower 1, the Initial Australia Borrower 2, the Initial Luxembourg Borrower 1, the Initial Luxembourg Borrower 2, the Initial Irish Borrower 1, the Initial Singapore Borrower 1, the Initial Singapore Borrower 2, the Initial Dutch Borrower 1, the Initial Australia Borrower 3, the Initial Multicurrency Borrower 1, the Initial Australia Borrower 4, the Initial Multicurrency Borrower 2, the Initial Dutch Borrower 2, the Initial Dutch Borrower 3, the Initial Multicurrency Borrower 3 and the Initial Yen Borrower 1 and any Additional Borrowers (as defined below), the “Borrowers” and each individually a “Borrower”), Digital Realty Trust, Inc., (the “Parent Guarantor”) and Citibank, N.A. (“Citibank”), as administrative agent for the Lenders (the “Administrative Agent”).
PRELIMINARY STATEMENTS:
(1)    The Borrowers, the Parent Guarantor, the subsidiaries of the Borrowers party thereto, the Lenders, the Administrative Agent and the other financial institutions party thereto entered into a Global Senior Credit Agreement dated as of August 15, 2013 (as amended by that certain Amendment No. 1 to the Global Senior Credit Agreement, dated as of December 11, 2013, the “Existing Revolving Credit Agreement”).  Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Existing Revolving Credit Agreement, as amended hereby;
(2)    The Administrative Agent and the Borrowers wish to amend the Existing Revolving Credit Agreement to permit Swing Line Borrowings in Canadian Dollars under the existing Multicurrency Swing Line Facility; and

Digital Realty –  Amend No. 2 

(3)    Subject to the terms and conditions herein, the Borrowers and the Administrative Agent have agreed pursuant to Section 9.01(a) of the Existing Revolving Credit Amendment to amend the Existing Revolving Credit Agreement on the terms and subject to the conditions hereinafter set forth.
SECTION 1.Amendments to Existing Revolving Credit Agreement .  The Existing Revolving Credit Agreement is, upon the occurrence of the Amendment Effective Date (as defined in Section 3 below), hereby amended as set forth below:
(a)Section 1.01 of the Existing Revolving Credit Agreement is hereby amended to include the following definitions:
“Canadian Dollar Swing Line Sublimit” means an amount equal to the lesser of (a) the aggregate amount of the Multicurrency Swing Line Facility at such time, and (b) the Equivalent in Canadian Dollars of $50,000,000.  The Canadian Dollar Swing Line Sublimit is part of, and not in addition to, the Multicurrency Swing Line Facility.
“Canadian Prime Rate” shall mean, for any day, a rate per annum equal to the higher of (a) the Canadian Reference Rate and (b) the sum of 1⁄2 of 1% plus CDOR for Swing Line Advances (assuming an applicable term of 30 days) for such day.
“Canadian Reference Rate” shall mean, for any day, the rate of interest per annum established by Citibank N.A., Canadian Branch as the reference rate of interest then in effect for determining interest rates on commercial loans denominated in Canadian Dollars made by it in Canada. The Canadian Reference Rate is a reference rate and does not necessarily represent the lowest or best rate actually available.
“CPR Advance” means a Swing Line Advance in Canadian Dollars under the Multicurrency Swing Line Facility in that bears interest at a rate determined by reference to the Canadian Prime Rate.
(a)    Section 1.01 of the Existing Revolving Credit Agreement is hereby amended to restate the following definitions set forth therein in their entirety to read as follows:
“CDOR” means, in relation to (a) any Revolving Credit Advance in Canadian Dollars, the average rate per annum (rounded upward, if necessary, to the nearest 1/100 of 1% per annum, if such average is not such a multiple) applicable to bankers’ acceptances for a term equivalent to the Interest Period of such Revolving Credit Advance appearing on the “Reuters Screen CDOR Page” (as defined in the International Swap Dealer Association, Inc. definitions, as modified and amended from time to time) as of 10:15 A.M. (Toronto time), on the Quotation Day, or if such date is not a Business Day, then on the immediately preceding Business Day or, if for any reason such rate does not appear on the Reuters Screen CDOR Page as contemplated, then CDOR on any date shall be calculated as the rate of interest reasonably determined by the Administrative Agent as the rate quoted as of 10:15 A.M. (Toronto time) on such day to leading banks on the basis of the discount amount at which such banks are then offering to purchase Canadian Dollar denominated bankers’ acceptances that have a comparable aggregate face amount to the principal amount of such Revolving Credit Advance in Canadian Dollars and the same term to maturity as the term of the Interest Period for such Revolving Credit Advance in Canadian Dollars, or if such date is not a Business Day, then on the immediately preceding Business Day, provided that for the purposes of this definition, if CDOR is not available for the applicable Interest Period but is available for other Interest Periods with respect to any such Floating Rate Advance, then the rate shall be the Interpolated Screen Rate; and (b) any Swing Line Advance in Canadian 

Digital Realty – Amend No. 2    2

Dollars, (i) the rate quoted to the Administrative Agent by Citibank N.A., Canadian Branch as the rate appearing on the Reuters Screen CDOR Page as of 10:15 A.M. (Toronto time) on the day of such Swing Line Advance or (ii) if no such rate is available, the rate reasonably determined by the Administrative Agent as the rate quoted to leading banks in the Canadian interbank market as of 10:15 A.M. (Toronto time) on the day of such Swing Line Advance.
“Multicurrency Swing Line Facility” means, at any time, an amount equal to the lesser of (a) the aggregate amount of the Swing Line Commitments relating to the Euro, Sterling and Canadian Dollar denominated Swing Line Facility at such time, and (b) €100,000,000 (or the Equivalent thereof in Sterling or Canadian Dollars), as such amount may be reduced at or prior to such time pursuant to Section 2.05.  The Multicurrency Swing Line Facility shall be a Subfacility of the Multicurrency Revolving Credit Tranche.
“Swing Line Availability Time” means (a) 2:00 P.M. (New York City time) on the date of such Swing Line Borrowing in the case of Swing Line Borrowings under the U.S. Dollar Swing Line Facility, (b) 3:00 P.M. (London time) on the date of such Swing Line Borrowing in the case of Swing Line Borrowings in Euros or Sterling under the Multicurrency Swing Line Facility, (c) 1:00 P.M. (Singapore time) on the date of such Swing Line Borrowing in the case of Swing Line Borrowings under the Singapore Swing Line Facility, (d) 1:00 P.M. (Sydney time) on the date of such Swing Line Borrowing in the case of Swing Line Borrowings under the Australian Swing Line Facility, (e) 1:00 P.M. (Mexico City time) on the date of such Swing Line Borrowing in the case of Swing Line Borrowings under the Mexican Swing Line Facility, (f) 1:00 P.M. (Tokyo time) on the date of such Swing Line Borrowing in the case of Swing Line Borrowings under the Yen Swing Line Facility and (g) 5:00 P.M. (London time) on the date of such Swing Line Borrowing in the case of Swing Line Borrowings in Canadian Dollars under the Multicurrency Swing Line Facility.  
“Swing Line Bank” means, individually or collectively, as the context may require, (a) Citibank, N.A., in its capacity as the Lender of Swing Line Advances under the U.S. Dollar Swing Line Facility, (b) Citibank, N.A., London Branch, in its capacity as the Lender of Swing Line Advances in Euros or Sterling under the Multicurrency Swing Line Facility, (c) Citibank N.A., Singapore Branch, in its capacity as the Lender of Swing Line Advances under the Singapore Swing Line Facility, (d) Citibank, N.A., Sydney Branch, in its capacity as the Lender of Swing Line Advances under the Australian Swing Line Facility, (e) Banamex, in its capacity as the Lender of Swing Line Advances under the Mexican Swing Line Facility, (f) Citibank Japan Ltd., in its capacity as the Lender of the Swing Line Advances under the Yen Swing Line Facility, which Person is a Qualified Yen Lender, and in each case their respective successors and permitted assigns in such capacity, and (g) Citibank, N.A., Canadian Branch, in its capacity as the Lender of Swing Line Advances in Canadian Dollars under the Multicurrency Swing Line Facility.  
“Type” refers to the distinction between Advances bearing interest by reference to the Base Rate, Advances bearing interest by reference to the Floating Rate and Advances bearing interest by reference to the Canadian Prime Rate.
(b)    The definition of  “Applicable Lending Office” set forth in Section 1.01 of the Existing Revolving Credit Agreement is hereby amended by adding the words “a Eurocurrency Rate Advance or a CPR Advance under” in the third line immediately before the words “the Multicurrency Revolving Credit Tranche”.

Digital Realty – Amend No. 2    3

(c)    The definition of  “Applicable Margin” set forth in Section 1.01 of the Existing Revolving Credit Agreement is hereby amended by adding the words “and CPR Advances” to the end of the heading of the third column of the table therein after the words “for Base Rate Advances”. 
(d)    The definition of  “Floating Rate” set forth in Section 1.01 of the Existing Revolving Credit Agreement is hereby amended by adding the words “that consist of Revolving Credit Advances that are not Swing Line Advances” in the fourth line thereof immediately before the words “in Canadian Dollars”.
(e)    The definition of  “Floating Rate Advance” set forth in Section 1.01 of the Existing Revolving Credit Agreement is hereby amended by adding the words “or a CPR Advance” in the second line thereof immediately after the words “Base Rate Advance”.
(f)    The definition of “Multicurrency Borrower” set forth in Section 1.01 of the Existing Revolving Credit Agreement is hereby amended by adding the words “; provided, however, that only the Initial Multicurrency Borrower 2 shall be permitted to act as the Borrower in respect of any Swing Line Borrowing in Canadian Dollars under the Multicurrency Swing Line Facility” immediately before the period at the end thereof.
(g)    The definition of  “Revolving Credit Reduction Minimum” set forth in Section 1.01 of the Existing Revolving Credit Agreement is hereby amended by adding the words “or Canadian Dollars” in the third to last line thereof immediately after the word “Sterling”.
(h)    The definition of “Revolving Credit Reduction Multiple” set forth in Section 1.01 of the Existing Revolving Credit Agreement is hereby amended by (i) adding the words “or Canadian Dollars” immediately after the word “Sterling” in the fourth to last line thereof and (ii) deleting the words “(or the Equivalent thereof in Sterling)” in the second to last line thereof.
(i)    The definition of  “Swing Line Borrowing Minimum” set forth in Section 1.01 of the Existing Revolving Credit Agreement is hereby amended by adding the words “or Canadian Dollars” in the third line thereof immediately after the word “Sterling”.
(j)    The definition of  “Swing Line Borrowing Multiple” set forth in Section 1.01 of the Existing Revolving Credit Agreement is hereby amended by adding the words “or Canadian Dollars” in the third line thereof immediately after the word “Sterling”.
(k)    The definition of “Swing Line Deadline” set forth in Section 1.01 of the Existing Revolving Credit Agreement is hereby amended by (i) deleting the word “and” in the second to last line thereof and substituting therefor a comma and (ii) adding the words “and (g) 3:00 P.M. (London time) in the case of Swing Line Advances in Canadian Dollars” immediately before the period at the end thereof.
(l)    The definition of “Swing Line Purchasing Notice Deadline” set forth in Section 1.01 of the Existing Revolving Credit Agreement is hereby amended by (i) deleting the word “or” in the fifth line thereof and substituting therefor a comma and (ii) adding the words “or Canadian Dollars” immediately after the word “Sterling”.
(m)    Section 2.01(c) of the Existing Revolving Credit Agreement is hereby amended by (i) deleting the word “or” in the fourth line thereof and substituting therefor a comma, (ii) inserting the words “or Canadian Dollars” in the fifth line thereof immediately after the word “Sterling”, (iii) adding the words “and, for Swing Line Advances in Canadian Dollars, in an aggregate amount not to exceed at any time the Canadian Dollar Swing Line Sublimit” in the tenth line thereof immediately 

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before the words “and (iii) in the amount of”, (iv) replacing the word “(x)” in the second sentence thereof with the word “(w)”, and (v) deleting the words “and (y)” in the second sentence thereof and (v) adding the words “, (x) the Multicurrency Swing Line Facility in Canadian Dollars shall be made as CPR Advances, (y) the Multicurrency Swing Line Facility in Euro or Sterling shall be made as Floating Rate Advances, and (z)” immediately before the words “any other Swing Line Facility”.
(n)    Section 2.02(b) of the Existing Revolving Credit Agreement is hereby amended by (i) adding the words “any such Borrowing in Euros or Sterling under” in clause (x) appearing in the third line thereof immediately before the words “the Multicurrency Swing Line Facility”, (ii) deleting clause (y) in its entirety and replacing it with the words “the applicable Swing Line Bank and the Administrative Agent in the case of any Borrowing in Canadian Dollars under the Multicurrency Facility or any such Borrowing under any of the other Swing Line Facilities.  Each such notice of a Swing Line Borrowing (a “Notice of Swing Line Borrowing”) shall be by e-mail (in the case of the Singapore Swing Line Facility and Australian Swing Line Facility), e-mail or facsimile (in the case of any such Borrowing in Euros or Sterling under the Multicurrency Swing Line Facility or any such Borrowing under  the Yen Swing Line Facility), e-mail and facsimile (in the case of any such Borrowing in Canadian Dollars under the Multicurrency Swing Line Facility) and e-mail, telex or facsimile (in the case of the U.S. Dollar Swing Line Facility and the Mexican Swing Line Facility), in each case specifying therein the requested (i) date of such Borrowing”, and (iii) adding the words “a Swing Line Borrowing in Euros or Sterling under” in the fifteenth line thereof immediately before the words “the Multicurrency Swing Line Facility”.
(o)    Section 2.05(d) of the Existing Revolving Credit Agreement is hereby amended by adding the words “and if, after giving effect to any reduction of the Swing Line Facility, the Canadian Dollar Swing Line Sublimit exceeds the amount of the Swing Line Facility, the Canadian Dollar Swing Line Sublimit shall be automatically reduced by the amount of such excess” immediately before the period at the end thereof.
(p)    Section 2.07(a) of the Existing Revolving Credit Agreement is hereby amended by adding a new clause (iii) to read in full as follows:
“(iii)    CPR Advances.  During such periods as such Advance is a CPR Advance, a rate per annum equal at all times to the sum of (A) the Canadian Prime Rate in effect from time to time plus (B) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each December, March, June and September during such periods and on the date such CPR Advance shall be paid in full.”
(q)    Section 2.07(b) of the Existing Revolving Credit Agreement is hereby amended by adding an additional sentence at the end thereof which reads as follows:  “Without limiting the generality of the foregoing provisions of this Section 2.07(b), no Borrower hereunder shall in any capacity and in no event be obliged to make any payment of interest or any other amount payable to any Lender hereunder in excess of any amount or rate which would be prohibited by law or would result in the receipt by any Lender, or any agreement by any Lender to receive, “interest” at a “criminal rate” (as each such term is defined in and construed under Section 347 of the Criminal Code (Canada)).”
(r)    Section 9.02(a) of the Existing Revolving Credit Agreement is hereby amended by (i) adding the words “Advances in Euros or Sterling under” immediately after the words “or the Swing Line Bank with respect to” in the second line of clause (ix) thereof; (ii) deleting the word “and” at the end of clause (xvii) thereof and (iii) adding a new clause (xix) to read in full as follows:

Digital Realty – Amend No. 2    5

“(xix)    the Swing Line Bank for Advances in Canadian Dollars under the Multicurrency Swing Line Facility, at the address at 1615 Brett Road, Ops III, New Castle, Delaware 19720, Attention:  Annemarie Pavco, Citigroup Global Loans, or, if applicable, by e-mail to agentnotice@citi.com, annemarie.pavco@citigroup.com, eros.lai@citi.com and michelle.chong@citi.com (and in the case of a transmission by e-mail, with a copy by U.S. mail to the aforementioned address) (and in each case with a copy to Citibank, N.A., London Branch at its address at Citicorp Centre, 25 Canada Square, London, E14 5LB, Attention: Loans Agency, Facsimile: +44 207 492 3980, or, if applicable, by e-mail to the e-mail addressees notified to the Borrowers and the Lenders from time to time);”
SECTION 2.    Representations and Warranties.   Each Loan Party hereby represents and warrants that: 
(a)    The representations and warranties contained in each of the Loan Documents (as amended or supplemented to date, including pursuant to this Amendment) to which it is a party are true and correct in all material respects on and as of the Amendment Effective Date (defined below), before and after giving effect to this Amendment, as though made on and as of such date (except for any such representation and warranty that, by its terms, refers to an earlier date, in which case as of such earlier date).
(b)    Such Loan Party has taken all necessary corporate and other organizational action to authorize the execution, delivery and performance of this Amendment.
(c)    This Amendment has been duly executed and delivered by such Loan Party and constitutes such Loan Party’s legal, valid and binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors' rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).
(d)    The execution and delivery of this Amendment does not (i) violate, contravene or conflict with any provision of their organizational documents or (ii) materially violate, contravene or conflict with any law or regulation applicable to such Loan Party.
SECTION 3.    Conditions of Effectiveness.  This Amendment shall become effective as of the first date (the “Amendment Effective Date”) on which, and only if, each of the following conditions precedent shall have been satisfied: 
(a)    The Administrative Agent shall have received on or before the date hereof, each dated such day (unless otherwise specified), in form and substance satisfactory to the Administrative Agent (unless otherwise specified):
(i)    Counterparts of this Amendment executed by the Borrowers.
(ii)    The consent attached hereto (the “Consent”) executed by each of the Guarantors.
(b)    All of the accrued fees of the Administrative Agent and the Lenders and all reasonable expenses of the Administrative Agent (including the reasonable fees and expenses of counsel for the Administrative Agent) due and payable on the Amendment Effective Date shall have been paid in full.

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SECTION 4.    Reference to and Effect on the Existing Revolving Credit Agreement, the Notes and the Loan Documents.  %2.  This Amendment is a Loan Document.  On and after the effectiveness of this Amendment, each reference in the Existing Revolving Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Existing Revolving Credit Agreement, and each reference in the Notes and each of the other Loan Documents to “the Loan Agreement”, “thereunder”, “thereof” or words of like import referring to the Existing Revolving Credit Agreement, shall mean and be a reference to the Existing Revolving Credit Agreement, as amended and modified by this Amendment.
%2.    The Existing Revolving Credit Agreement, the Notes and each of the other Loan Documents, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. 
%2.    The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.
(d)    This Amendment shall not extinguish the obligations for the payment of money outstanding under the Existing Revolving Credit Agreement.  Nothing herein contained shall be construed as a substitution or novation of the obligations outstanding under the Existing Revolving Credit Agreement, which shall remain in full force and effect, except to any extent modified hereby or as provided in the exhibits hereto.  Nothing implied in this Amendment or in any other document contemplated hereby shall be construed as a release or other discharge of any of the Loan Parties from the Loan Documents.
SECTION 5.    Costs and Expenses.  The Borrowers agrees to pay on demand all reasonable out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of counsel for the Administrative Agent) in accordance with the terms of Section 9.04 of the Existing Revolving Credit Agreement.  
SECTION 6.    Execution in Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement.  Delivery of an executed counterpart of a signature page to this Amendment by facsimile shall be effective as delivery of a manually executed counterpart of this Amendment.
SECTION 7.    Governing Law.  This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.
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Digital Realty – Amend No. 2    7

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.
BORROWERS:

DIGITAL REALTY TRUST, L.P.,
a Maryland limited partnership

By: Digital Realty Trust, Inc.,
its sole general partner

By:    /s/ A. William Stein    
Name:    A. William Stein
		
	Title:
	Interim Chief Executive Officer, Chief Financial Officer and Secretary

DIGITAL REALTY DATAFIRM, LLC,
a Delaware limited liability company

By: Digital Realty Trust, L.P.,
its sole member and manager

By: Digital Realty Trust, Inc.,
its sole general partner

By:    /s/ A. William Stein    
Name:    A. William Stein
		
	Title:
	Interim Chief Executive Officer, Chief Financial Officer and Secretary

DIGITAL REALTY DATAFIRM 2, LLC,
a Delaware limited liability company

By: Digital Realty Trust, L.P.,
its sole member and manager

By: Digital Realty Trust, Inc.,
its sole general partner

By:    /s/ A. William Stein    
Name:    A. William Stein
		
	Title:
	Interim Chief Executive Officer, Chief Financial Officer and Secretary

Digital Realty – Amend No. 2
NYDOCS03/992425    Signature Page

DIGITAL LUXEMBOURG II S.À R.L.,
a Luxembourg Société à responsabilité limitée
Registered office: 11, Boulevard du Prince Henri, L-1724, Luxembourg
Share capital:  EUR 1,600,500
R.C.S. Luxembourg:  B110.214

By:    /s/ A. William Stein    
Name:    A. William Stein, Authorized Signatory

DIGITAL LUXEMBOURG III S.À R.L.,
a Luxembourg Société à responsabilité limitée
Registered office: 11, Boulevard du Prince Henri 
L-1724 Luxembourg
Share capital: £ 25,823
R.C.S. Luxembourg: B 141.552

By:    /s/ A. William Stein    
Name:    A. William Stein, Authorized Signatory

DIGITAL SINGAPORE JURONG EAST PTE. LTD.
a Singapore private company limited by shares

By:    /s/ A. William Stein    
Name:    A. William Stein, Authorized Signatory

DIGITAL REALTY (BLANCHARDSTOWN) LIMITED,
an Ireland private company limited by shares

By:    /s/ A. William Stein    
Name:    A. William Stein, Authorized Signatory

Digital Realty – Amend No. 2
NYDOCS03/992425    Signature Page

DIGITAL HK JV HOLDING LIMITED,
a British Virgin Islands limited company

By:    /s/ A. William Stein    
Name:    A. William Stein, Authorized Signatory

DIGITAL NETHERLANDS VIII B.V.,
a Dutch private company with limited liability

By:    /s/ A. William Stein    
Name:    A. William Stein, Authorized Signatory

DIGITAL DEER PARK 2, LLC,
a Delaware limited liability company

By: Digital Realty Trust, L.P.,
its sole member and manager

By: Digital Realty Trust, Inc.,
its sole general partner

By:    /s/ A. William Stein    
Name:    A. William Stein
		
	Title:
	Interim Chief Executive Officer, Chief Financial Officer and Secretary

DIGITAL NETHERLANDS IV, B.V.,
a Dutch private company with limited liability

By:    /s/ A. William Stein    
Name:    A. William Stein, Authorized Signatory

Digital Realty – Amend No. 2
NYDOCS03/992425    Signature Page

DIGITAL STOUT HOLDING, LLC, 
a Delaware limited liability company

By: Digital Realty Trust, L.P.,
its sole member and manager

By: Digital Realty Trust, Inc.,
its sole general partner

By:    /s/ A. William Stein    
Name:    A. William Stein
		
	Title:
	Interim Chief Executive Officer, Chief Financial Officer and Secretary

DIGITAL MACQUARIE PARK, LLC, 
a Delaware limited liability company

By: Digital Realty Trust, L.P.,
its sole member and manager

By: Digital Realty Trust, Inc.,
its sole general partner

By:    /s/ A. William Stein    
Name:    A. William Stein
		
	Title:
	Interim Chief Executive Officer, Chief Financial Officer and Secretary

DIGITAL GOUGH, LLC, 
a Delaware limited liability company

By: Digital Realty Trust, L.P.,
its sole member and manager

By: Digital Realty Trust, Inc.,
its sole general partner

By:    /s/ A. William Stein    
Name:    A. William Stein
		
	Title:
	Interim Chief Executive Officer, Chief Financial Officer and Secretary

Digital Realty – Amend No. 2
NYDOCS03/992425    Signature Page

DIGITAL JAPAN, LLC, 
a Delaware limited liability company

By: Digital Realty Trust, L.P.,
its sole member and manager

By: Digital Realty Trust, Inc.,
its sole general partner

By:    /s/ A. William Stein    
Name:    A. William Stein
		
	Title:
	Interim Chief Executive Officer, Chief Financial Officer and Secretary

DIGITAL NETHERLANDS I B.V.,
a Dutch private company with limited liability

By:    /s/ A. William Stein    
Name:    A. William Stein, Authorized Signatory

DIGITAL AUSTRALIA FINCO PTY LTD.

By:    /s/ A. William Stein    
Name:    A. William Stein, Authorized Signatory

Digital Realty – Amend No. 2
NYDOCS03/992425    Signature Page

DIGITAL OSAKA 1 TMK 

By:    /s/ A. William Stein    
Name:    A. William Stein, Authorized Signatory

DIGITAL CRAWLEY 1 S.À R.L.,

By:    /s/ A. William Stein    
Name:    A. William Stein, Authorized Signatory

PARENT GUARANTOR:

DIGITAL REALTY TRUST, INC., 
a Maryland corporation

By:    /s/ A. William Stein    
Name:    A. William Stein
		
	Title:
	Interim Chief Executive Officer, Chief Financial Officer and Secretary

ADMINISTRATIVE AGENT:
CITIBANK, N.A.

By:    /s/ John C. Rowland    
Name: John C. Rowland
Title:   Vice President

CONSENT
Dated as of September 16, 2014
Each of the undersigned, as a Guarantor under the Existing Revolving Credit Agreement referred to in the foregoing Amendment, hereby consents to such Amendment and hereby confirms and agrees that notwithstanding the effectiveness of such Amendment, the Guaranty contained in the Existing Revolving Credit Agreement is and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, except that, on and after the effectiveness of such Amendment, each reference in the Loan Documents to “Loan Agreement”, “thereunder”, “thereof” or words of like import shall mean and be a reference to the Existing Revolving Credit Agreement, as amended and modified by such Amendment.
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GUARANTORS: 
DIGITAL REALTY TRUST, L.P.,
a Maryland limited partnership

By: Digital Realty Trust, Inc.,
its sole general partner

By:    /s/ A. William Stein    
Name:    A. William Stein
		
	Title:
	Interim Chief Executive Officer, Chief Financial Officer and Secretary

DIGITAL REALTY TRUST, INC., 
a Maryland corporation

By:    /s/ A. William Stein    
Name:    A. William Stein
		
	Title:
	Interim Chief Executive Officer, Chief Financial Officer and Secretary

Digital Realty – Amend No. 2
NYDOCS03/992425    Signature Page

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