Document:

Exhibit 10.1

 Exhibit 10.1 
 CONSTRUCTION LOAN AGREEMENT 
 This Construction Loan Agreement (“Agreement”) is made and
entered into as of February 6, 2009, by First Credit Bank, a California banking corporation (“Lender”), and Fox Properties LLC, a Delaware limited liability company (“Borrower”), with reference to the following facts:

 A. Borrower is in the process of completing construction of Phase I of a 360,000 square foot data center and office building (the
“Project”) located on a 30.44 acre parcel of real property commonly known as 44521 Hastings Drive, Ashburn, Virginia (the “Property”) more particularly described on Exhibit A which is attached hereto and incorporated
herein by this reference. 
 B. Lender has agreed to provide Borrower with construction financing in the amount of Twenty Five Million
Dollars ($25,000,000.00) (the “Loan”). Borrower shall use proceeds of the Loan to finance in part the construction and development of the Project and other costs and expenses approved by Lender. 
 C. The Project shall be renovated and constructed by Holder Construction Group, LLC (the “Contractor”) approved by Lender and in accordance
with plans and specifications submitted to and approved by Lender and identified on Schedule 1 hereof (the “Plans and Specifications”), which Borrower represents constitutes the complete set of plans and specifications for the Project.

 D. The Loan shall be evidenced by a Note of even date herewith (the “Note”) in the amount of the Loan, executed by Borrower and
payable to Lender. Repayment of the Loan and performance of all other monetary and nonmonetary obligations of Borrower to Lender in connection with the Loan shall be secured by a Construction Deed of Trust, Assignment of Rents, Security Agreement
and Fixture Filing of even date herewith (the “Deed of Trust”) covering the Property; by the pledge of a cash collateral account in the amount of $4,000,000.00 funded concurrently with the execution and delivery of the Note and maintained
at Lender (the “Pledge Agreement”); by an Assignment of Architect’s Contract and Plans and Specifications of even date herewith (the “Assignment of Architect’s Contract and Plans and Specifications”); by an Assignment
of Building Contracts of even date herewith (the “Assignment of Building Contracts”); and by a financing statement of even date herewith (the “Financing Statement”) covering personal property of Borrower. In addition,
Borrower’s monthly installments of interest and principal (to the extent installments of principal become due under the terms of the Loan Documents) that are scheduled to be paid prior to maturity shall be guaranteed by DuPont Fabros
Technology, L.P. (“Guarantor”) pursuant to a guaranty of even date herewith (the “Guaranty”). This Agreement, the Note, the Deed of Trust, the Pledge Agreement, the Assignment of Architect’s Contract and Plans and
Specifications, the Assignment of Building Contracts, the Financing Statement, the Guaranty and all other instruments evidencing and/or securing the Loan are referred to collectively herein as the “Loan Documents”). 
 E. The parties now desire to set forth their agreement regarding disbursement of the proceeds of the Loan as hereinafter set forth. 
 NOW, THEREFORE, the parties hereto agree as follows: 
 1 Disbursement of Loan Proceeds. Provided that Borrower has fulfilled all conditions set forth in that certain Construction Loan Commitment (the “Loan Commitment”) executed by Lender and Borrower and dated December 31,
2008 and all of the loan closing conditions set forth in this Agreement, Lender shall disburse proceeds of the Loan into an account (the “Construction Loan Account”) to be controlled by Lender subject to the provisions of this Agreement.
Lender’s loan closing conditions shall include, but shall not be limited to, the following: 
 1.1 Loan Documents. Lender must
receive all Loan Documents duly executed, in form approved by Lender (including, without limitation, duly executed consents to the Assignment of Architect’s Contract and Plans and Specifications and the Assignment of Building Contracts), and
the Deed of Trust must be duly recorded. 
  

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 1.2 Other Instruments and Documents. Lender must receive all other instruments and documents
reasonably required by Lender in connection with the Loan, duly executed and in form approved by Lender, including but not limited to the following: 
 (i) a subordination, nondisturbance and attornment agreement and estoppel certificate executed by each entity, if any, having a leasehold interest in the Property; 
 (ii) true and correct copies of the AIA Standard Form of Agreement dated June     , 2008 between Borrower and the
Contractor (the “Construction Contract”), the Professional Services Agreement dated November 12, 2007 (the “Architect Contract”) between Borrower and Donnally Vujcic Associates LLC (the “Architect”), the
Professional Services Agreement dated December 20, 2007 (the “Engineering Contract”) between Borrower and CCG Facilities Integration Incorporated (the “Engineer”) and the mechanical and electrical subcontracts; 

(iii) true and correct copies of all operating agreements, utility agreements, access rights, easements and other agreements deemed
necessary, in the sole discretion of Lender, for the uninterrupted and orderly operation of the Project; 
 (iv) an opinion or
opinions of counsel to Borrower and/or Guarantor respecting such matters as Lender may reasonably request, including without limitation counsel’s opinion that Borrower and/or Guarantor has the necessary power to enter into the Loan transaction;
that all documents executed by Borrower and/or Guarantor pertaining to the Loan are valid and binding obligations of Borrower and/or Guarantor, enforceable according to their terms, except as limited by applicable bankruptcy, insolvency,
reorganization, moratorium and other similar laws now or hereafter in effect and affecting the rights of creditors generally; and that there is no known litigation pending or threatened affecting the Project. 
 1.3 Title Insurance. Fidelity National Title Insurance Company (the “Title Company”) has issued to Lender its ALTA lender’s policy
of title insurance with a liability limit of not less than the amount of the Note, insuring the lien of Lender’s Deed of Trust to be a first lien on the Property, subject only to such exceptions as previously approved by Lender in writing,
together with any endorsements reasonably required by Lender. 
  

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 1.4 Security Interest. Lender’s security interest in all personal property described in the
Deed of Trust and this Agreement must be duly perfected and in a first lien position. 
 1.5 Plans and Specifications. The Plans and
Specifications for the Project have not been modified, amended or revised. 
 1.6 Construction Contracts. The Construction Contract,
Architect Contract and Engineering Contract shall be in full force and effect. 
 1.7 Approvals; Permits. Lender must receive
certified copies of all approvals, consents, permits and licenses required for construction of the Project duly issued by any public entity having jurisdiction over Borrower, the Project or the Property. 
 1.8 Credit Reports; Financial Statements. Lender must receive copies of the current credit reports, most recently filed federal income tax returns
of Guarantor, financial statements of Borrower and financial statements of Guarantor, if any, prepared in the ordinary course of Guarantor’s business. All financial reports must be current, complete and signed and prepared in accordance with
generally accepted accounting practices consistently applied. 
 1.9 Insurance. Lender must receive original certificates of insurance
evidencing the policies of insurance required hereunder including Builder’s Risk Insurance, which shall be set forth on Schedule 2 attached hereto, which policies shall be in full force and effect. All such insurance policies shall contain
endorsements naming Lender as a mortgagee or loss payee, the form and substance of which shall be satisfactory to Lender. 
 2.
Disbursements from Construction Loan Account. Subject to satisfaction of the requirements enumerated in Sections 3 and 4, below, Lender shall make disbursements from the Construction Loan Account in accordance with the following: 

2.1 Initial Disbursement. When all conditions set forth in Section 1 have been satisfied, Lender shall make an initial disbursement to
Borrower in the amount of $5,000,000.00 (the “Initial Disbursement”). 
 2.2 Second Disbursement. When Borrower has provided
to Lender Evidence of Payment (as that term is defined below) that Borrower has paid from its own funds an amount equal to at least $2,079,931.00 for labor, services and/or materials incorporated into the Project subsequent to the Initial
Disbursement and that the entire amount of the Initial Disbursement has been expended for labor, services and/or materials incorporated into the Project subsequent to the Initial Disbursement, Lender shall make a disbursement to Borrower in the
amount of $5,000,000.00 (the “Second Disbursement”). 
 2.3 Third Disbursement. When Borrower has provided to Lender
Evidence of Payment (as that term is defined below) that Borrower has paid from its own funds an amount equal to at least an additional $2,762,647.00 for labor, services and/or materials incorporated into the Project subsequent to the Initial
Disbursement and that the entire amount of the Second Disbursement has been expended for labor, services and/or materials incorporated into the Project subsequent to the Initial Disbursement, Lender shall make a disbursement to Borrower in the
amount of $5,000,000.00 (the “Third Disbursement”). 
  

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 2.4 Fourth Disbursement. When Borrower has provided to Lender Evidence of Payment (as that term is
defined below) that Borrower has paid from its own funds an amount equal to at least an additional $3,493,246.00 for labor, services and/or materials incorporated into the Project subsequent to the Initial Disbursement and that the entire amount of
the Third Disbursement has been expended for labor, services and/or materials incorporated into the Project subsequent to the Initial Disbursement, Lender shall make a disbursement to Borrower in the amount of $5,000,000.00 (the “Fourth
Disbursement”). 
 2.5 Fifth Disbursement. When Borrower has provided to Lender Evidence of Payment (as that term is defined
below) that Borrower has paid from its own funds an amount equal to at least an additional $2,038,892.00 for labor, services and/or materials incorporated into the Project subsequent to the Initial Disbursement and that the entire amount of the
Fourth Disbursement has been expended for labor, services and/or materials incorporated into the Project subsequent to the Initial Disbursement, Lender shall make a disbursement to Borrower in the amount of $2,500,000.00 (the “Fifth
Disbursement”). 
 2.6 Final Disbursement. When Borrower has provided to Lender Evidence of Payment (as that term is defined
below) that Borrower has paid from its own funds an amount equal to at least an additional $2,840,418.00 for labor, services and/or materials incorporated into the Project subsequent to the Initial Disbursement and that the entire amount of the
Fifth Disbursement has been expended for labor, services and/or materials incorporated into the Project subsequent to the Initial Disbursement, Lender shall make a disbursement to Borrower in the amount of $2,500,000.00 (the “Final
Disbursement”). 
 2.7 Evidence of Payment. As used herein, the term “Evidence of Payment” shall mean written evidence
reasonably satisfactory to Lender that Borrower has made payment to independent third parties to reimburse such persons for incorporation into the Project subsequent to the Initial Disbursement of labor and/or materials, which evidence shall include
copies of paid invoices, lien waivers and releases from the persons providing such labor and/or materials and such other items as Lender may reasonably request from time to time. Borrower acknowledges that the sums identified in paragraphs 2.2
through 2.6 as payments by Borrower are intended to be cumulative. By way of example only, for Borrower to qualify for the Final Disbursement, Borrower will need to have provided to Lender Evidence of Payment equal to $13,215,134.00 
 3. Conditions to Construction Disbursements. Disbursement of proceeds from the Construction Loan Account shall be contingent upon satisfaction of
the following conditions: 
 3.1 In the event the Project is materially damaged by fire or other casualty and not repaired, Lender shall not
make any further disbursements unless Lender actually receives insurance proceeds or a cash deposit from Borrower sufficient in Lender’s reasonable judgment to pay for the repair of the Project in a timely manner. 
  

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 3.2 Lender shall have no reasonable basis for the belief that withholding a disbursement in whole or in
part is required by applicable lien or stop notice laws to the extent of such requirement. 
 3.3 Borrower shall deliver to Lender any
assignments, agreements, permits or licenses required to be furnished to Lender hereunder, or any certificates or subordination agreements which Lender requires from tenants or proposed occupants of preleased space. 
 3.4 No default shall exist under this Agreement, the Note or any other of the Loan Documents after giving effect to any applicable notice and cure
period. 
 3.5 Borrower shall, at Borrower’s expense, obtain the title endorsement identified in Section 14, below as a condition
to any disbursement after the Initial Disbursement. 
 4. Intentionally Deleted. 
 5. No Waiver. Any waiver by Lender of any condition of disbursement hereunder must be expressly made in writing. The making of a disbursement
prior to the fulfillment of one or more conditions thereof shall not be construed as a waiver of such conditions, and Lender reserves the right to require their fulfillment prior to making any subsequent disbursements. 
 6. Intentionally deleted. 
 7.
Additional Security. Borrower irrevocably assigns to Lender, and grants to Lender a security interest in, its interest in the Construction Loan Account, all governmental permits obtained for the lawful construction of the Project, and all
reserves, deferred payments, deposits, refunds, cost savings and payments of any kind relating to the construction of the Project. Upon any default of Borrower (after expiration of any applicable cure period) and notwithstanding any other provision
of this Agreement, Lender may use any of the security described in this Section for any purpose for which Borrower could have used them under this Agreement or with respect to the construction or financing of the Project. Lender will also have all
other rights and remedies as to any of the foregoing which are provided under applicable law or in equity. 
 8. Diligent Prosecution of
Construction. Borrower will diligently prosecute construction of the Project in a workmanlike manner in accordance with the Plans and Specifications and all requirements of all governmental authorities having or asserting jurisdiction over the
Property or the Project. If there is any difference between any such governmental requirements and the Plans and Specifications furnished Lender pursuant hereto, then the requirements of whichever thereof are the higher shall be met in construction
of the Project. 
 9. Changes. Borrower shall obtain Lender’s prior written approval of any change in the Plans and
Specifications for the Project, and also of any change in any work or materials required for the Project. Amounts or items of expense not listed on the cost breakdown shall not be expended or incurred by Borrower without Lender’s prior express
written consent. In addition, if construction of the Project is being accomplished under one or more general contracts, Borrower must obtain Lender’s prior 

  

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written approval of such contracts and of all changes in the terms or conditions of any such contracts. Borrower must also obtain all approvals of any
changes in plans, specifications, work, materials or contracts that are required by law, or under the terms of any recorded instrument affecting the Property or under any lease, the Loan Documents or any other agreement relating to the Property.
Lender will have a reasonable time to evaluate any requests for its approval of any changes referred to in this paragraph and will not be required to consider approving any changes unless all other approvals that are required from other parties have
been obtained. Lender may approve or disapprove changes in its sole discretion. 
 10. Permits and Legal Requirements. Borrower will
comply with and keep in effect all permits and approvals obtained from any governmental bodies that relate to the lawful construction of the Project. Borrower will comply with all existing and future laws, regulations, orders and requirements of all
governmental, judicial or legal authorities having jurisdiction over the Property or Project, and with all recorded restrictions affecting the Property. 
 11. Lists of Contractors and Subcontractors. Borrower will furnish to Lender monthly in a form acceptable to Lender, correct lists of all mechanical and electrical contractors employed since the date of the
last disbursement in connection with construction of the Project and true and correct copies of all such executed contracts and subcontracts. Lender may contact any contractor or subcontractor to verify any facts disclosed in the lists, and all
contracts and subcontracts relating to construction of the Project entered into subsequent to the date of this Agreement must require the disclosure of the listed information to Lender. 
 12. Purchase of Materials; Conditional Sales Contracts; Use of Loan. No materials, equipment, fixtures or articles of personal property of
Borrower placed in the Project shall be purchased or installed under any security agreement or other agreement where the seller reserves or purports to reserve title or the right of removal or repossession or the right to consider them personal
property after their incorporation in the work of construction, unless authorized by Lender in writing. Borrower shall use proceeds of the Loan only for Project-related expenses in accordance with the cost breakdown approved by Lender and the
disbursement procedures set forth in Article I of this Agreement. 
 13. Inspection; Right to Stop Work. 
 13.1 Lender and its agents and representatives shall have the right at any reasonable time to enter the Property and inspect the work of construction and
all materials, plans, specifications and other matters relating to the construction. Lender will also have the right, upon 48 hours prior notice to Borrower, to examine, copy and audit the books, records, accounting data and other documents of
Borrower and its contractors and, to the extent permitted by the terms of the subcontracts, subcontractors relating to the Property or construction of the Project. Borrower agrees to pay the reasonable costs and expenses of Lender actually incurred
in such inspections and examinations, including without limitation Lender’s reasonable attorneys’ fees related thereto. 
 13.2 If
Lender in good faith determines that any work or material does not conform to the approved Plans and Specifications or sound building practice, or otherwise departs from any of the requirements of this Agreement, Lender may require the work to be
stopped and withhold disbursements 

  

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until the matter is corrected. In such event, Borrower will promptly correct the work to Lender’s reasonable satisfaction. If the work is not made
satisfactory to Lender within fifteen (15) calendar days from the date of stoppage by Lender (or such longer period of time as may be reasonably necessary), such failure to do so shall constitute a default by Borrower under the terms of this
Agreement. 
 13.3 Lender is under no duty to supervise or inspect construction or examine any books and records. Any inspection or
examination by Lender is for the sole purpose of protecting Lender’s security and preserving Lender’s rights under this Agreement. No default of Borrower will be waived by any inspection by Lender. In no event will any inspection by Lender
be a representation that there has been or will be compliance with the Plans and Specifications or that the construction is free from defective materials or workmanship. Borrower will make or cause to be made such other independent inspections as it
may desire for its own protection. 
 14. Date-downs. Borrower shall, at the cost and expense of Borrower, concurrently with each
disbursement request, cause the title insurer to conduct a current title search and issue an to Lender’s policy of title insurance confirming the then-current status of title to the Property. Borrower shall pay the cost of such endorsements and
any other endorsement to Lender’s policy of title insurance reasonably requested by Lender. Upon discovery of any stop notice claim or any claim of lien or encumbrance or charge against the Property, Project or Loan (whether or not as a result
of such a search), Borrower shall immediately forward to Lender a copy of each recorded notice of intent to file mechanics’ liens, statement of mechanics’ liens, encumbrance or other charge against the Property, or stop notice, together
with a written explanation of the controversy, and immediately pay or bond the lien, encumbrance, charge or claim (or cause Contractor to do the same) and obtain and record a written release thereof. 
 15. Protection Against Lien Claims. Borrower will promptly pay and discharge all claims and liens for labor done and materials and services
furnished in connection with the construction of the Project. Borrower will have the right to contest in good faith any claim or lien, provided that it does so diligently and without prejudice to Lender, and provided further that, within 30 days
after Lender’s written request, Borrower shall, at its election (i) post, or cause Contractor to post, a bond which removes such lien from title to the Property or (ii) provide a cash deposit or other security reasonably satisfactory
to Lender in an amount equal to one and one-half times the amount of the claim for the purpose of protecting Lender’s interest and security should the contest be unsuccessful. During the period of time following Lender’s request for the
provision of a bond, cash deposit or other security and the provision by Borrower of the same, Lender shall have the right to suspend disbursements under this Agreement, and Borrower shall take such actions and pay such amounts as are reasonably
necessary to prevent further liens on the Property or suspension or delay in the construction of the Project. 
 16. Destruction. If
the Project is partially or totally damaged or destroyed by a casualty or event covered by a policy or policies of insurance obtained and maintained by Borrower in accordance with this Agreement and the Deed of Trust, proceeds of such policy or
policies of insurance shall be applied in the manner and pursuant to the disbursement procedure set forth in the Deed of Trust. If the Project is partially or totally damaged or destroyed by a casualty or event not covered by insurance obtained by
Borrower, or if for any reason no insurance proceeds are available to Borrower, Borrower shall, at Lender’s sole option and demand, within fifteen (15) days of receipt by Borrower of written 

  

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notice of such demand, provide a cash deposit from Borrower sufficient in Lender’s judgment to pay for the repair of the Project in a timely manner
and/or proceed immediately with restoration and diligently proceed to complete the Project. 
 17. Notice of Changes. Borrower shall
give Lender written notice of any material adverse change, fact or circumstance relating to the business of Borrower, the Project, the Property, the interests of Lender under this Agreement or any other instrument or agreement required or furnished
hereunder, within five (5) business days of Borrower’s receipt of notice or knowledge of such change, fact or circumstance. 
 18.
Insurance. Borrower will maintain in force until full payment of the Loan all insurance required by law, public liability insurance and builder’s risk insurance with course of construction endorsement. The policies must be approved by
Lender as to amounts, form, risk coverage, deductibles, insurer and loss payable and cancellation provisions. Lender’s approval, however, will not be a representation of the solvency of any insurer or the sufficiency of any amount of insurance.

 19. Cooperation. Borrower will cooperate at all times with Lender in bringing about the timely completion of the Project, and
Borrower will resolve all disputes arising during the work of construction in a manner which will allow work to proceed expeditiously. 
 20.
Payment of Expenses. Borrower will pay Lender’s out-of-pocket costs and expenses incurred in connection with the making and disbursement of the Loan and in the exercise of any of Lender’s rights or remedies under this Agreement,
including but not limited to title insurance and escrow charges, recording charges and mortgage taxes, reasonable legal fees and disbursements, the costs and expenses of independent consultants retained by Lender to review Project Plans and
Specifications, engineering and architectural matters, monitor Project progress and costs, review change orders, cost breakdowns, contracts and subcontracts and assist generally in the administration of the Loan, and any other reasonable fees and
costs for services which are not customarily performed by Lender’s salaried employees and are not specifically covered by Lender’s commitment fee for the Loan. The provisions of this paragraph will survive the termination of this Agreement
and the repayment of the Loan. 
 21. Accounting; Changes in Condition. Borrower will keep true and correct financial books and
records on a cash basis for the construction of the Project, and will maintain adequate reserves for all contingent liabilities required to be recorded in Borrower’s financial statements under generally accepted accounting principles. If
required by Lender, Borrower will submit to Lender at such times as Lender requires a statement which accurately shows the application of all funds expended to date for construction of the Project and the source of those funds as well as
Borrower’s best estimate of the funds needed to complete the Project and the source of those funds. Borrower will promptly supply Lender with the financial statements of Borrower and other information concerning the affairs and properties of
Borrower as Lender may reasonably request, and will promptly notify Lender of any material adverse change in the financial condition of Borrower or in the physical condition of the Property or Project. 
 22. Governmental Agencies. Borrower will comply with the requirements of any commitment or agreement entered into by any governmental agency to
assist the construction, sale, lease or financing of the Project, and with the terms of all applicable laws, regulations and requirements governing such assistance. 
  

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 23. Indemnity. Borrower agrees to indemnify and hold Lender harmless from and against all
liabilities, claims, damages, costs and expenses (including but not limited to reasonable legal fees and disbursements) arising out of or resulting from any defective workmanship or materials occurring in the construction of the Project. Upon demand
by Lender, Borrower will defend any action or proceeding brought against Lender alleging any defective workmanship or materials, or Lender may elect to conduct its own defense at the expense of Borrower. The provisions of this paragraph will survive
the termination of this Agreement and the repayment of the Loan. 
 24. Borrower’s Representations. Borrower makes the following
representations and warranties as of the date of this Agreement and agrees that such representations and warranties shall survive the termination of this Agreement and the repayment of the Loan: 
 24.1 Authority. Borrower has the right and power to own and develop the Property as contemplated in the Loan Documents. Borrower has properly
obtained all permits, licenses and approvals necessary to construct, occupy, operate and market the Project. Borrower shall obtain, at the appropriate time, any and all permits, licenses, and approvals necessary to construct, occupy, operate and
market the Project which it has not yet obtained as of the date hereof. 
 24.2 Enforceability. Borrower has full right, power and
authority to execute and deliver the Loan Documents and to perform the undertakings of Borrower contained in the Loan Documents. The Loan Documents constitute valid and binding obligations of Borrower which are legally enforceable in accordance with
their terms, except as limited by bankruptcy, insolvency, reorganization and similar laws or by equitable principles. 
 24.3 No
Breach. None of the undertakings of Borrower contained in the Loan Documents or any other document executed by Borrower in connection with this Loan violates any of the Plans and Specifications for construction of the Project or, to the best of
Borrower’s knowledge, any other applicable statute, law, regulation or ordinance or any order or ruling of any court or governmental entity, or conflicts with, or constitutes a breach or default under, any agreement by which Borrower is, or the
Property and Project are, bound or regulated. 
 24.4 Financial Information. All financial information relating to Borrower delivered
to Lender and, to the best of Borrower’s knowledge, financial information relating to the Property, the Project, fairly and accurately represents such financial condition as of its date in all material respects and has been prepared in
accordance with generally accepted accounting principles consistently applied, unless otherwise noted in such information. No material adverse change in such financial condition has occurred. 
 24.5 Proceedings. Borrower is not in violation of any statute, law, regulation or ordinance, or of any order of any court or governmental entity.
Borrower has no knowledge of any claims, actions or proceedings, pending or threatened, against Borrower or affecting the Property or the Project other than those disclosed to Lender in writing. 
  

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 24.6 Accuracy. All documents, reports instruments, papers, data, information and forms of evidence
delivered to Lender by Borrower with respect to the Loan are accurate and correct in all material respects, are complete insofar as completeness may be necessary to give Lender true and accurate knowledge of the subject matter thereof, and do not
contain any misrepresentation or omission of a material fact. Lender may rely on such reports, documents, instruments, papers, data, information and forms of evidence without any investigation or inquiry, and any payment made by Lender in reliance
thereon shall be a complete release in its favor for all sums so paid. 
 24.7 Taxes. Borrower has filed all federal, state, county
and municipal tax returns required to have been filed by Borrower, if any, and has paid all taxes which have become due pursuant to such returns or to any notice of assessment received by Borrower, and Borrower has no knowledge of any basis for
additional assessment with respect to such taxes. 
 24.8 Utilities. All utility services, including, without limit, gas, water,
sewage, electrical and telephone, necessary for the development and the occupancy of the Property and the Project, are available at or within the boundaries of the Property, or all steps necessary to assure that such utility services will be
available upon completion of the Project have been taken by Borrower. 
 24.9 Examination. Borrower is familiar with all of the Plans
and Specifications for construction of the Project set forth in the Loan Documents. The development of the Property and the construction of the Project will in all material respects conform to and comply with the Plans and Specifications.

 24.10 Encroachments; Defects. There are no known encroachments, defects or conditions (including without limitation unstable soil
conditions) in, on or about the Property which render it unfit for the Project. 
 24.11 Adequacy of Loan. The amount of Loan proceeds
combined with Borrower’s funds available from time-to-time over the term of the Loan is not less than the amount necessary (i) to pay all costs to be incurred in connection with the timely completion of the Project in accordance with the
Loan Documents, (ii) to pay all sums which may accrue under the Loan Documents prior to repayment of the Loan, including without limitation interest on the Loan, and (iii) to enable Borrower to perform and satisfy all of the covenants of
Borrower contained in the Loan Documents. 
 24.13 Recertification. Each request by Borrower for a disbursement under this Agreement
shall constitute the Borrower’s certification as to the matters specified in this paragraph 2.19 on and as of the date of such request. 
 25. Events of Default. An “Event of Default” under this Agreement shall have the same meaning as set forth in the Deed of Trust. 
 26. Remedies. If there is an Event of Default, then Lender may exercise any right or remedy which it has under the Deed of Trust, this Agreement or any other agreement with Borrower relating to the Loan, or
under any agreement guarantying the Loan or the completion of construction of the Project, or otherwise available at law or in equity or by statute, and all of Lender’s rights and remedies will be 

  

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cumulative. Upon any Event of Default of Borrower hereunder, the Loan shall at the option of Lender immediately become due and payable, and Lender may
withhold any one or more disbursements from the Construction Loan Account in its discretion. No disbursement of proceeds from the Construction Loan Account will cure any default of Borrower, unless Lender agrees otherwise in writing. Upon any Event
of Default of Borrower hereunder, Lender will also have the right in its discretion to enter the Property and take any and all actions necessary in its judgment to complete construction of the Project, including, but not limited to, making changes
in plans, specifications, work or materials and entering into, modifying or terminating any contractual arrangements, subject to Lender’s right at any time to discontinue any work without liability. If Lender elects to complete the Project, it
will not assume any liability to Borrower or any other person for completing the Project or for the manner or quality of construction of the Project, and Borrower expressly waives any such liability. Borrower irrevocably appoints Lender as its
attorney-in-fact, with full power of substitution, to complete the Project in Borrower’s name, or Lender may elect to complete construction in its own name. In any event, all sums expended by Lender in completing construction, plus a fee of
fifteen percent (15%) for supervision of construction, will be considered to have been disbursed to Borrower and will be secured by the Deed of Trust and any other instruments or documents securing the Loan, and any such sums that cause the
principal amount of the Loan to exceed the face amount of the Note will be considered to be an additional loan to Borrower bearing interest at the rate provided in the Note and will be secured by the Deed of Trust and any other instrument or
documents securing the Loan and shall be repaid within thirty (30) days after the completion of the Project, and Borrower agrees to pay the same. Borrower assigns to Lender all of its interest in and to the Plans and Specifications prepared for
the Project, all studies, data and drawings with respect thereto prepared by or for Borrower, and the contracts and agreements relating to the Plans and Specifications or the aforesaid studies, data and drawings, or to the construction of the
Project, but Lender will not have any obligation under those contracts or agreements unless it expressly hereafter agrees in writing. Lender will have the right to exercise any rights of Borrower under those contracts and agreements or with respect
to such plans, specifications, studies, data and drawings upon any default by Borrower under this Agreement, and shall have such other rights and remedies with respect thereto as are afforded a secured creditor under California law. 
 27. Miscellaneous. 
 27.1 No
Waiver; Consents. Any waiver by Lender must be in writing and will not be construed as a continuing waiver. No waiver will be implied from any delay or failure by Lender to take action on account of any default of Borrower. Consent by Lender to
any act or omission by Borrower will not be construed to be a consent to any other or subsequent act or omission or to waive the requirement for Lender’s consent to be obtained in any future or other instance. 
 27.2 No Third Parties Benefited. This Agreement is made and entered into for the sole protection and benefit of Lender and Borrower and their
successors and assigns. No trust fund is created by this Agreement and no other persons or entities will have any right of action under this Agreement 
 27.3 Notices. All notices, demands, consents, approvals and other communications (each, a “Notice” and collectively, “Notices”) hereunder shall be in writing and shall be sent by hand, or by
facsimile (with a duplicate copy sent by ordinary mail, postage prepaid), or by postage prepaid, certified or registered mail, return receipt requested, or by reputable overnight courier service, postage prepaid, addressed to the party to be
notified as set forth below: 
 if to Lender: 
 First Credit Bank 
 9255 Sunset Boulevard 
 Los Angeles, California 90069 
 Attention:
Farhad Ghassemieh 
 Facsimile No.: (310) 859-0861 
  

 11 

 with a copy to, 
 Manatt, Phelps & Phillips, LLP 
 11355 West Olympic Boulevard 
 Los Angeles, California 90064 
 Attention:
Martin E. Steere, Esq. 
 Facsimile No: (310) 312-4224 
 If to Borrower, 
 Fox Properties LLC 
 1212 New York, NW, Suite 900 
 Washington
D.C., 20005 
 Attention: General Counsel 
 Facsimile No: (202) 728-0220 
 with a copy to, 
 Cooley Godward Kronish LLP 
 11951 Freedom Drive 
 Reston, VA 20190-5656 
 Attention: John H.
Toole, Esquire, Esq. 
 Facsimile No: (703) 456-8100 
 Notices shall be deemed given when so delivered by hand or when a legible copy is received by facsimile (with receipt being verified by telephone confirmation) on a business day prior to 4:30 p.m. local time and if
received on a nonbusiness day or after such time, upon the next business day thereafter or if mailed, five (5) business days after mailing (or one (1) business day for overnight courier service), with failure to accept delivery
constituting delivery for this purpose. If the date on which any notice to be given hereunder falls on a Saturday, Sunday or legal holiday, then such date shall automatically be extended to the next business day immediately following such Saturday,
Sunday or legal holiday. Notices may be given in any manner provided by law and shall be deemed delivered or served as provided by the law authorizing delivery of such notice. Any party hereto may change the addresses for Notices set forth above by
giving at least ten (10) days’ prior Notice of such change in writing to the other party as aforesaid and otherwise in accordance with the following provisions. 
  

 12 

 27.4 Authority to File Notices. Borrower irrevocably appoints Lender as its attorney-in-fact, with
full power of substitution, to file for record, at Borrower’s cost and expense and in Borrower’s name, any notices of completion, notices of cessation of labor, or any other notices that Lender considers necessary or desirable to protect
its security or interests hereunder. 
 27.5 Actions. Lender will have the right, but not the obligation, to commence, appear in, and
defend any action or proceeding which might affect its security or its rights, duties or liabilities relating to the Loan, the Property or Project, or this Agreement. Borrower will pay promptly on demand all of Lender’s reasonable out-of-pocket
costs, expenses, legal fees and disbursements incurred in those actions or proceedings. 
 27.6 Applicable Law. This Agreement shall
be construed and given effect according to the laws of the State of California. 
 27.7 Heirs, Successors and Assigns; Participation.
The terms of this Agreement will bind and benefit the heirs, legal representatives, successors and assigns of the parties; provided, however, that Borrower may not assign or transfer this Agreement or any Loan proceeds, or assign or delegate any of
its rights or obligations, voluntary or involuntary, without the prior written consent of Lender, and any such assignment, transfer or delegation without the prior written consent of Lender shall not be binding upon or in any way affect Lender.
Lender shall have the right to sell participations in the Loan to any other persons or entities without the consent of or notice to Borrower, provided that no such action by Lender shall relieve Lender of its obligation to make disbursements of
proceeds from the Construction Loan Account when required by this Agreement. Lender may disclose to any participants or prospective participants any information or other data or material in Lender’s possession relating to Borrower, the Loan and
the Project, without the consent of or notice to Borrower. 
 27.8 Attorneys’ Fees. If any lawsuit is commenced to enforce any of
the terms of this Agreement, the prevailing party will have the right to recover its reasonable attorneys’ fees and costs of suit from the other party. Subject to the immediately preceding sentence, in the event that Lender shall be a party to
any legal proceedings instituted in connection with or arising out of the construction of the Project or the Loan, Borrower agrees to pay to Lender all sums paid and/or incurred by Lender as costs and expenses in the legal proceedings, together with
reasonable attorneys’ fees. 
 27.9 Severability. The invalidity or unenforceability of any one or more provisions of this
Agreement will in no way affect any other provisions. 
 27.10 Interpretation. Whenever the context requires, all words used in the
singular will be construed to have been used in the plural, and vice versa, and each gender will include any other gender. The captions of the paragraphs of this Agreement are for convenience only and do not define or limit any terms or provisions.

  

 13 

 27.11 Amendments. This Agreement may not be modified or amended except by a written agreement
signed by the parties. 
 27.12 Counterparts. This Agreement and any attached consents or exhibits requiring signatures may be
executed in counterparts, and all counterparts shall constitute one and the same document. 
 27.13 Relation to Loan Commitment. The
terms and provisions of this Agreement, the Note and the Deed of Trust supersede any inconsistent terms and conditions of the Loan Commitment; provided that all obligations of Borrower under the Loan Commitment, including without limitation the
obligation to pay any fees to Lender or any costs and expenses relating to the Loan or the Loan Commitment, shall survive the execution and delivery of this Agreement, the Note and the Deed of Trust, and any failure of Borrower to perform any such
obligations shall constitute a default hereunder. Except as set forth in the immediately preceding sentence, this Agreement constitutes a full and complete statement and the final expression of the parties hereto as to the subject matter hereof.

 27.14 Disclaimer of Liability. Lender shall in no way be liable for any acts or omissions of Borrower or any person furnishing
labor and/or materials used in or related to the Project. 
 27.15 Preliminary Notices. Borrower agrees that copies of all notices
delivered (i) to Borrower and (ii) to the Property, addressed to Lender or to “Construction Lender,” shall be promptly delivered to Lender. Borrower further agrees that Lender and Lender’s agents and representatives shall
have the right at all times to enter upon the Property and post such notices and other written or printed material thereon as it may deem necessary or desirable for its protection as lender. 
 27.16 Duration; Survival. This Agreement shall continue in full force and effect until the Note shall have been paid in full, and until principal,
interest and all other obligations of Borrower hereunder have been satisfied. All representations and warranties contained herein, or made in writing by or on behalf of Borrower in connection with the Loan, shall survive the execution and delivery
of this Agreement, the Note and all other related documents and agreements. All statements contained in any certificate, application, request for funds or other document or instrument delivered to Lender on behalf of Borrower pursuant hereto, or
otherwise in connection with the Loan, shall constitute representations and warranties of Borrower subject to the provisions hereof. 
 27.17
Intentionally Deleted. 
 27.18 Agency. Borrower and Lender agree that Borrower is not acting as Lender’s agent, and that
no joint venture, partnership or fiduciary relationship exists between Lender and Borrower in connection herewith. 
 27.19
Construction. This Agreement shall be construed fairly as to all parties and not in favor of or against any party, regardless of which party prepared this Agreement. 
 27.20 Time. Time is of the essence of this Agreement and each and every provision hereof. 
  

 14 

 27.21 Indemnification. Borrower and Lender each represent to the other that it has not engaged any
real estate broker or loan broker in connection with the making of the loan other than Property Capital LLC, which shall be paid by Borrower, and hereby indemnifies each other from and against all liability that the indemnified party may sustain as
a result of any claims, demands, costs or judgments arising from or relating to the payment of any real estate or loan brokerage fees, commissions or other amounts to any real estate or loan broker engaged by the indemnifying party in connection
with the making of the Loan or claiming through the indemnifying party. 
 27.22 Arbitration. Borrower and Lender agree that all
disputes, claims and controversies between them whether individual, joint, or class in nature, arising from this Agreement or otherwise, including without limitation contract and tort disputes, shall be arbitrated pursuant to the Rules of the
American Arbitration Association in effect at the time the claim is filed, upon request of either party. No act to take or dispose of any collateral securing the Loan shall constitute a waiver of this arbitration agreement or be prohibited by this
arbitration agreement. This includes, without limitation, obtaining injunctive relief or a temporary restraining order; invoking a power of sale under any deed of trust or mortgage; obtaining a writ of attachment or imposition of a receiver; or
exercising any rights relating to personal property, including taking or disposing of such property with or without judicial process pursuant to Article 9 of the Uniform Commercial Code. Any disputes, claims, or controversies concerning the
lawfulness or reasonableness of any act, or exercise of any right, concerning any collateral securing the Loan, including any claim to rescind, reform, or otherwise modify any agreement relating to the collateral securing the Loan, shall also be
arbitrated, provided however that no arbitrator shall have the right or the power to enjoin or restrain any act of any party. Borrower and Lender agree that in the event of an action for judicial foreclosure, the commencement of such an action will
not constitute a waiver of the right to arbitrate and the court shall refer to arbitration as much of such action, including counterclaims, as lawfully may be referred to arbitration. Judgment upon any award rendered by any arbitrator may be entered
in any court having jurisdiction. Nothing in this Note shall preclude any party from seeking equitable relief from a court of competent jurisdiction. The statute of limitations, estoppel, waiver, laches, and similar doctrines which would otherwise
be applicable in an action brought by a party shall be applicable in any arbitration proceeding, and the commencement of an arbitration proceeding shall be deemed the commencement of an action for these purposes. The Federal Arbitration Act shall
apply to the construction, interpretation, and enforcement of this arbitration provision. 
 [Signatures on following page] 
  

 15 

 IN WITNESS WHEREOF, Borrower and Lender have executed this Agreement as of the date first set forth
above. 
  

							
	Lender:
	
	 FIRST CREDIT BANK,
 a California banking
corporation

		
	By:	 	 /s/ Farhad Ghassemieh

	Name:	 	 Farhad Ghassemieh

	Title:	 	 CEO

	
	Borrower:
	
	 FOX PROPERTIES LLC,
 a Delaware limited
liability company

		
	By:	 	 Safari Ventures LLC,
 a Delaware limited
liability company
 its Managing Member

			
		 	By:	 	 DuPont Fabros Technology, Inc.,
 a
Maryland corporation,
 its Managing Member

				
		 		 	By:	 	 /s/ Lammot J. du Pont

		 		 	Name:	 	 Lammot J. du Pont

		 		 	Title:	 	 Executive Chairman of the Board

  

 16Exhibit 10.2

 Exhibit 10.2 
  

					
	 RECORDATION REQUESTED
	  		  	 This Instrument was prepared by (with the assistance of local Virginia counsel):

	 BY AND WHEN RECORDED
	  		  
	 MAIL TO:
	  		  	Martin E. Steere, Esq.
		  		  	Manatt, Phelps & Phillips, LLP
	 First Credit Bank
	  		  	11355 W. Olympic Boulevard
	 9255 Sunset Boulevard
	  		  	Los Angeles, California 90064
	 Los Angeles, California 90069
	  		  	Tax Map Reference No.:                     
	 Attention: Loan Administration
	  		  	

 THIS IS A CREDIT LINE DEED OF TRUST WITHIN THE MEANING OF SECTION 55-58.2 OF THE CODE OF VIRGINIA (1950), AS
AMENDED. FOR THE PURPOSES OF AND TO THE EXTENT REQUIRED BY SUCH SECTION, (i) THE NAME OF THE NOTEHOLDER SECURED BY THIS CREDIT LINE DEED OF TRUST IS FIRST CREDIT BANK, A CALIFORNIA BANKING CORPORATION, (ii) THE ADDRESS AT WHICH
COMMUNICATIONS MAY BE MAILED OR DELIVERED TO SUCH NOTEHOLDER IS 9255 SUNSET BOULEVARD, LOS ANGELES, CALIFORNIA 90069, AND (iii) THE MAXIMUM AGGREGATE AMOUNT OF PRINCIPAL TO BE SECURED AT ANY ONE TIME IS TWENTY-FIVE MILLION AND NO/100 DOLLARS
($25,000,000.00). 
 CREDIT LINE CONSTRUCTION DEED OF TRUST, 
 SECURITY AGREEMENT AND FIXTURE FILING 
 (WITH ASSIGNMENT OF RENTS AND LEASES)

 THIS CREDIT LINE CONSTRUCTION DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING (WITH ASSIGNMENT OF RENTS AND LEASES) (this “Deed of
Trust”) is dated February 4, 2009 and is effective as of February 6, 2009, among FOX PROPERTIES LLC, a Delaware limited liability company (referred to below sometimes as “Borrower” and sometimes as “Trustor”)
(Grantor for Indexing Purposes), whose address is c/o DuPont Fabros Technology, Inc., 1212 New York Avenue, NW, Suite 900, Washington D.C., 20005, Donald Goldrosen, an individual, and D. Wyatt Bethel, an individual, either of whom may act
hereunder (referred to below as “Trustee”), both of whom are residents of Fairfax County, Virginia, whose address is 9302 Lee Highway, Suite 1100, Fairfax, VA 22031-1214, and FIRST CREDIT BANK, a California banking corporation
(referred to below sometimes as “Lender” and sometimes as “Beneficiary”) (Grantee for Indexing Purposes), whose address is 9255 Sunset Boulevard, Los Angeles, CA 90069. 
 CONVEYANCE AND GRANT. For valuable consideration, Trustor irrevocably grants, transfers and assigns to Trustee in trust, with power of sale, for the benefit of
Lender as Beneficiary, with General Warranty and English Covenants of Title, all of Trustor’s right, title, and interest in and to the following described real property, together with all existing or subsequently erected or affixed buildings,
improvements and fixtures; all easements, rights-of-way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real
property, including without limitation all minerals, oil, gas, geothermal and similar matters, located in Loudoun County, Virginia (the “Real Property”): 
 See Exhibit A attached hereto and incorporated herein by reference. 

 DEED OF TRUST 
 (Continued) 
  
  

 Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor’s right,
title, and interest in and to all present and future leases of the Property and all Rents from the Property. This is an absolute assignment of Rents made in connection with an obligation secured by real property. 
 Trustor presently assigns to Lender all present and future right, title and interest of Trustor in and to all accounts, general intangibles, chattel paper, deposit
accounts, money, instruments and documents (as those terms are defined in the Uniform Commercial Code (“UCC”)) and all other agreements, obligations, rights and written materials (in each case whether existing now or in the future) now or
in the future relating to or otherwise arising in connection with or derived from the Property or any other part of the Property or the ownership, use, development, construction, maintenance, management, operation, marketing, leasing, occupancy,
sale or financing of the Property or any other part of the Property, including (to the extent applicable to the Property or any other portion of the Property) (i) permits, approvals and other governmental authorizations, (ii) improvement
plans and specifications and architectural drawings, (iii) agreements with contractors, subcontractors, suppliers, project managers, supervisors, designers, architects, engineers, sales agents, leasing agents, consultants and property managers,
(iv) takeout, refinancing and permanent loan commitments, (v) warranties, guaranties, indemnities and insurance policies (including insurance policies obtained in accordance with the Construction Loan Agreement of even date herewith by and
between Trustor and Beneficiary (“Construction Loan Agreement”) and whether or not required to be carried by Trustor pursuant to the terms hereof), together with insurance payments and unearned insurance premiums, (vi) claims,
demands, awards, settlements and other payments arising or resulting from or otherwise relating to any insurance (whether or not Beneficiary is named as a loss payee of such insurance) or any loss or destruction of, injury or damage to, trespass on
or taking, condemnation (or conveyance in lieu of condemnation) or public use of any of the Property, (vii) the undisbursed funds in the Construction Loan Account (as defined in the Construction Loan Agreement) and all of the Trustor’s
funds now or hereafter held on deposit in the Construction Loan Account, (viii) license agreements, service and maintenance agreements, purchase and sale agreements and purchase options, together with advance payments, security deposits and
other amounts paid to or deposited with Trustor under any such agreements, (ix) reserves, deposits, bonds, deferred payments, refunds, rebates, discounts, cost savings, escrow proceeds, sale proceeds and other rights to the payment of money,
trade names, trademarks, goodwill and all other types of intangible personal property of any kind or nature, and (x) all supplements, modifications, amendments, renewals, extensions, proceeds, replacements and substitutions of or to any of such
property. 
 In addition, Trustor grants Lender a UCC security interest in the Rents and the Personal Property defined below. Trustor covenants and agrees
that upon recordation in the land records of the County of Loudoun, Commonwealth of Virginia, this Deed of Trust shall constitute a “construction mortgage” under Section 9334(h) of the UCC and under Section 8.9A-334(h) of the
Code of Virginia (1950), as amended, and shall also constitute a financing statement filed as a fixture filing under Sections 9334 and 9502(c) of the UCC and under Section 8.9A-502(c) of the Code of Virginia (1950), as amended. 
 THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE (1) PAYMENT OF THE
INDEBTEDNESS AND (2) DUE, PROMPT AND COMPLETE OBSERVANCE, PERFORMANCE AND DISCHARGE OF EACH AND EVERY CONDITION, OBLIGATION, COVENANT AND AGREEMENT CONTAINED IN THIS DEED OF TRUST, OR IN SAID NOTE, OR IN THE CONSTRUCTION LOAN AGREEMENT OR IN
THE LOAN DOCUMENTS (AS DEFINED IN THE CONSTRUCTION LOAN AGREEMENT), THE RELATED DOCUMENTS AND ALL MODIFICATIONS, RENEWALS OR EXTENSIONS OF ANY OF THE FOREGOING, AND THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: 
 TRUSTOR’S REPRESENTATIONS AND WARRANTIES. Trustor warrants that Trustor has the full power, right, and authority to enter into this Deed of Trust and to
hypothecate the Property and the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument binding upon Trustor and do not result in a violation of any law, regulation, court decree or
order applicable to Trustor. 
  

  
 Page 2 of 23 

 DEED OF TRUST 
 (Continued) 
  
  

 PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all
Indebtedness secured by this Deed of Trust as it becomes due, and Trustor shall strictly perform all of its obligations under the Note, this Deed of Trust, and the Related Documents. 
 POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor’s possession and use of the Property shall be governed by the following provisions: 
 Possession and Use. Until the occurrence of an Event of Default, Trustor may (a) remain in possession and control of the Property,
(b) use, operate or manage the Property, and (c) collect any Rents from the Property. 
 Duty to Maintain. After substantial
completion of the improvements being constructed on the Property, Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and maintenance necessary to preserve its value. 
 Hazardous Substances. The terms “hazardous waste,” “hazardous substance,” “disposal,” “release,” and
“threatened release,” as used in this Deed of Trust, shall have the same meanings as set forth in the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. Section 9601, et seq.
(“CERCLA’), the Superfund Amendments and Reauthorization Act of 1986, Pub. L. No. 99-499 (“SARA”), the Hazardous Materials Transportation Act, 49 U.S.C. Section 1801, et seq., the Resource Conservation and Recovery Act,
42 U.S.C. Section 6901, et seq., or other applicable state, Federal or local laws, rules, or regulations adopted pursuant to any of the foregoing. The terms “hazardous waste” and “hazardous substance” shall also include,
without limitation, petroleum and petroleum by-products or any fraction thereof and asbestos. Trustor represents and warrants to Lender that: (a) During the period of Trustor’s ownership of the Property, to the best of Trustor’s
knowledge, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any hazardous waste or substance by any person of, under, about or from the Property in violation of environmental law;
(b) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and acknowledged by Lender in writing, (i) any use, generation, manufacture, storage, treatment, disposal, release, or threatened
release of any hazardous waste or substance on, under, about or from the Property by any prior owners or occupants of the Property in violation of environmental law or (ii) any actual or threatened litigation or claims of any kind by any person
relating to such matters; and (c) except as previously disclosed to and acknowledged by Lender in writing, neither Trustor nor any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store,
treat, dispose of, or release any hazardous waste or substance on, under, about or from the Property except in compliance with all applicable federal, state, and local laws, regulations and ordinances, including without limitation those laws,
regulations, and ordinances described above. If Lender has a reasonable basis to believe that Trustor has breached the provisions of this Section, Trustor authorizes Lender and its agents to enter 

  

  
 Page 3 of 23 

 DEED OF TRUST 
 (Continued) 
  
  

 
upon the Property to make such inspections and tests, at Trustor’s expense, as Lender may deem appropriate to determine compliance of the Property with
this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender’s purposes only and shall not be construed to create any responsibility or liability on the part of Lender to Trustor or to any other person. The
representations and warranties contained herein are based on Trustor’s due diligence in investigating the Property for hazardous waste and hazardous substances. Trustor hereby (a) releases and waives any future claims against Lender for
indemnity or contribution in the event Trustor becomes liable for cleanup or other costs under any such laws, and (b) agrees to indemnify and hold harmless Lender against any and all claims, losses, liabilities, damage, penalties, and expenses
which Lender may directly or indirectly sustain or suffer resulting from a breach of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release or threatened release occurring prior to
Trustor’s ownership or interest in the Property, whether or not the same was or should have been known to Trustor. The provisions of this section of the Deed of Trust, including the obligation to indemnify, shall survive the payment of the
Indebtedness and the satisfaction and reconveyance of the lien of this Deed of Trust and shall not be affected by Lender’s acquisition of any interest in the Property, whether by foreclosure or otherwise. 
 Nuisance, Waste. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any stripping of or waste on or to the
Property or any portion of the Property. Without limiting the generality of the foregoing, Trustor will not remove, or grant to any other party the right to remove, any timber, minerals (including oil and gas), soil, gravel or rock products without
the prior written consent of Lender, except as necessary to complete the construction of the improvements on the Property. 
 Removal of
Improvements. Except as necessary to complete the construction of the improvements on the Property, Trustor shall not demolish or remove any Improvements from the Real Property without the prior written consent of Lender. As a condition to the
removal of any Improvements, Lender may require Trustor to make arrangements satisfactory to Lender to replace such Improvements with Improvements of at least equal value. 
 Lender’s Right to Enter. Lender and its agents and representatives may enter upon the Real Property at all reasonable times to attend to Lender’s interests and to inspect the Property for purposes of
Trustor’s compliance with the terms and conditions of this Deed of Trust. 
 Compliance with Governmental Requirements. Trustor
shall promptly comply with all laws, ordinances, and regulations, now or hereafter in effect, of all governmental authorities applicable to the use or occupancy of the Property, including without limitation, the Americans With Disabilities Act.
Trustor may contest in good faith any such law, ordinance, or regulation and withhold compliance during any proceedings, including appropriate appeals, so long as Trustor has notified Lender in writing prior to doing so and so long as, in
Lender’s sole opinion, Lender’s interests in the Property are not jeopardized. Lender may require Trustor to post adequate security or a surety bond, reasonably satisfactory to Lender, to protect Lender’s interest. 
 Duty to Protect. Trustor agrees neither to abandon nor leave unattended the Property. Trustor shall do all other acts, in addition to those so set
forth above in this section, which from the character and use of the Property are reasonably necessary to protect and preserve the Property. 
  

  
 Page 4 of 23 

 DEED OF TRUST 
 (Continued) 
  
  

 DUE ON SALE—CONSENT BY LENDER. Lender may, at its option, declare immediately due and payable all sums
secured by this Deed of Trust upon the sale or transfer, without the Lender’s prior written consent, of all or any part of the Real Property, or any interest in the Real Property. A “sale or transfer” means the conveyance of Real
Property or any right, title or interest therein; whether legal, beneficial or equitable; whether voluntary or involuntary; whether by outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with a term
greater than three (3) years (provided, however, that the foregoing shall not apply to leases that, when coupled with all other prior leases, do not in the aggregate exceed 190,000 square feet of space at the Property, further provided that
such leases are at rents equal to fair market value as reasonably determined by Borrower in good faith), lease-option contract, or by sale, assignment, or transfer of any beneficial interest in or to any land trust holding title to the Real
Property, or by any other method of conveyance of Real Property interest. If Trustor is a corporation, partnership or limited liability company, transfer also includes any change in ownership of more than twenty five percent (25%) of the voting
stock, partnership interests or limited liability company interests, as the case may be, of Trustor. However, this option shall not be exercised by Lender if such exercise is prohibited by applicable law. 
 TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are a part of this Deed of Trust. 
 Payment. Trustor shall pay when due (and in all events at least ten (10) days prior to delinquency) all taxes, special taxes, assessment,
charges (including water and sewer), fines and impositions levied against or on account of the Property, and shall pay when due all claims for work done on or for services rendered or material furnished to the Property. Trustor shall maintain the
Property free of all liens having priority over or equal to the interest of Lender under this Deed of Trust, except for the lien of taxes and assessments not due, except for the existing indebtedness referred to below, and except as otherwise
provided in this Deed of Trust. 
 Right To Contest. Trustor may withhold payment of any tax, assessment, or claim in connection with a
good faith dispute over the obligation to pay, so long as Lender’s interest in the Property is not jeopardized. If a lien arises or is filed as a result of nonpayment, Trustor shall within fifteen (15) days after the lien arises or, if a
lien is filed, within fifteen (15) days after Trustor has written notice of the filing, secure the discharge of the lien, or if requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or other security satisfactory
to Lender in an amount sufficient to discharge the lien plus any costs and attorneys’ fees or other charges that could accrue as a result of a foreclosure or sale under the lien. In any contest, Trustor shall defend itself and Lender and shall
satisfy any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additional obligee under any surety bond furnished in the contest proceedings. 
 Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and shall authorize
the appropriate governmental official to deliver to Lender at any time a written statement of the taxes and assessments against the Property. 
 PROPERTY
DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Deed of Trust. 
 Maintenance of
Insurance. Trustor shall procure and maintain policies of fire insurance with standard extended coverage endorsements on a replacement basis for the full insurable value covering all Improvements on the Real Property in an amount sufficient to
avoid application of any coinsurance 

  

  
 Page 5 of 23 

 DEED OF TRUST 
 (Continued) 
  
  

 
clause, and with a standard mortgagee clause in favor of Lender. Trustor shall also procure and maintain comprehensive general liability insurance in such
coverage amounts as Lender may request with Trustee and Lender being named as additional insureds in such liability insurance policies. Additionally, Trustor shall maintain such other insurance, including but not limited to hazard, business
interruption, and boiler insurance, as Lender may reasonably require. Notwithstanding the foregoing, in no event shall Trustor be required to provide hazard insurance in excess of the replacement value of the improvements on the Real Property.
Policies shall be written in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to time the
policies or certificates of insurance in form satisfactory to Lender, including stipulations that coverages will not be cancelled or diminished without at least ten (10) days’ prior written notice to Lender. Each insurance policy also
shall include an endorsement providing that coverage in favor of Lender will not be impaired in any way by any act, omission or default of Trustor or any other person. Should the Real Property at any time become located in an area designated by the
Director of the Federal Emergency Management Agency as a special flood hazard area, Trustor agrees to obtain and maintain Federal Flood Insurance for the full unpaid principal balance of the loan, up to the maximum policy limits set under the
National Flood Insurance Program, or as otherwise required by Lender, and to maintain such insurance for the term of the loan. 
 Application of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property if the estimated cost of repair or replacement exceeds $50,000.00. Lender may make proof of loss if Trustor fails to do so within
fifteen (15) days of the casualty. If, in Lender’s good faith judgment, Lender’s security interest in the Property has been impaired, Lender may, at its election, receive and retain the proceeds of any insurance and apply the proceeds
to the reduction of the Indebtedness, payment of any lien affecting the Property, or the restoration and repair of the Property. If the proceeds are to be applied to restoration and repair, Trustor shall repair or replace the damaged or destroyed
Improvements in a manner satisfactory to Lender. Lender shall, upon satisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of repair or restoration if no Event of Default exists under this Deed of
Trust. Any proceeds which have not been disbursed within 180 days after their receipt and which Lender has not committed to the repair or restoration of the Property shall be used first to pay any amount owing to Lender under this Deed of Trust,
then to pay accrued interest, and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds any proceeds after payment in full of the Indebtedness, such proceeds shall be paid to Trustor as Trustor’s
interests may appear. 
 Unexpired Insurance at Sale. Any unexpired insurance shall inure to the benefit of, and pass to, the purchaser
of the Property covered by this Deed of Trust at any trustee’s sale or other sale held under the provisions of this Deed of Trust, or at any foreclosure sale of such Property. 
 Trustor’s Report on Insurance. Upon the written request of Lender, however not more than once a year, Trustor shall furnish to Lender a report
on each existing policy of insurance showing; (a) the name of the insurer; (b) the risks insured; (c) the amount of the policy; (d) the property insured; and (e) the expiration date of the policy. 
 TAX AND INSURANCE RESERVES. Following an Event of Default and otherwise subject to any limitations set by applicable law, Lender may require Trustor to maintain
with Lender reserves for payment of annual taxes, assessments, and insurance premiums, which reserves shall be created by advance payment or monthly payments of a sum estimated by Lender to be sufficient to produce amounts at least equal to the

  

  
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taxes, assessments, and insurance premiums to be paid. The reserve funds shall be held by Lender as a general deposit from Trustor, which Lender may satisfy
by payment of the taxes, assessments, and insurance premiums required to be paid by Trustor as they become due. Lender shall have the right to draw upon the reserve funds to pay such items, and Lender shall not be required to determine the validity
or accuracy of any item before paying it. Nothing in the Deed of Trust shall be construed as requiring Lender to advance other monies for such purposes, and Lender shall not incur any liability for anything it may do or omit to do with respect to
the reserve account. All amounts in the reserve account are hereby pledged to further secure the Indebtedness, and Lender is hereby authorized to withdraw and apply such amounts on the Indebtedness upon the occurrence of an Event of Default. Lender
shall not be required to pay any interest or earnings on the reserve funds unless required by law or agreed to by Lender in writing. Lender does not hold the reserve funds in trust for Trustor, and Lender is not Trustor’s agent for payment of
the taxes and assessments required to be paid by Trustor. 
 EXPENDITURES BY LENDER. If Trustor fails to maintain the lien of this Deed of Trust in
good standing as required below, or if any action or proceeding is commenced that would materially affect Lender’s interests in the Property, Lender on Trustor’s behalf may, but shall not be required to, take any action that Lender deems
appropriate. Any amount that Lender expends in so doing will bear interest at the rate provided for in the Note from the date incurred or paid by Lender to the date of repayment by Trustor. All such expenses, at Lender’s option, will
(a) be payable on demand, (b) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (i) the term of any applicable insurance policy or (ii) the
remaining term of the Note, or (c) be treated as a balloon payment which will be due and payable at the Note’s maturity. This Deed of Trust also will secure payment of these amounts. The rights provided for in this paragraph shall be in
addition to any other rights or any remedies to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise would have had.

 WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Deed of Trust. 
 Title. Trustor warrants that: (a) Trustor holds good and marketable title of record to the Property in fee simple, free and clear of all liens
and encumbrances other than those set forth in the Real Property description or in any title insurance policy, title report, or final title opinion issued in favor of, and accepted by, Lender in connection with this Deed of Trust, and
(b) Trustor has the full right, power, and authority to execute and deliver this Deed of Trust to Lender. 
 Defense of Title.
Subject to the exception in the paragraph above, Trustor warrants and will forever defend the title to the Property against the lawful claims of all persons. In the event any action or proceeding is commenced that questions Trustor’s title or
the interest of Trustee or Lender under this Deed of Trust, Trustor shall defend the action at Trustor’s expense. Trustor may be the nominal party in such proceeding, but Lender shall be entitled to participate in the proceeding and to be
represented in the proceeding by counsel of Lender’s own choice, and Trustor will deliver, or cause to be delivered, to Lender such instruments as Lender may request from time to time to permit such participation 
 Compliance With Laws. Trustor warrants that the Property and Trustor’s use of the Property complies with all existing applicable laws,
ordinances, and regulations of governmental authorities. 
  

  
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 DEED OF TRUST 
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 CONDEMNATION. The following provisions relating to eminent domain and inverse condemnation proceedings are a
part of this Deed of Trust. 
 Application of Net Proceeds. If any award is made or settlement entered into in any condemnation
proceedings affecting all or any part of the Property or by any proceeding or purchase in lieu of condemnation, Lender may at its election, and to the extent permitted by law, require that all or any portion of the award or settlement be applied to
the Indebtedness and to the repayment of all reasonable costs, expenses, and attorney’s fees incurred by Trustee or Lender in connection with the condemnation proceedings. 
 Proceedings. If any eminent domain or inverse condemnation proceeding is commenced affecting the Property, Trustor shall promptly notify Lender in
writing, and Trustor shall promptly take such steps as may be necessary to pursue or defend the action and obtain the award. Trustor may be the nominal party in any such proceeding, but Lender shall be entitled, at its election, to participate in
the proceeding and to be represented in the proceeding by counsel of its own choice, and Trustor will deliver or cause to be delivered to Lender such instruments as may be requested by it from time to time to permit such participation. 

IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relating to governmental taxes, fees and charges are a part of this
Deed of Trust: 
 Current Taxes, Fees and Charges. Upon request by Lender, Trustor shall execute such documents in addition to this
Deed of Trust and take whatever other action is requested by Lender to perfect and continue Lender’s lien on the Real Property. Trustor shall reimburse Lender for all taxes, as described below, together with all expenses incurred in recording,
perfecting or continuing this Deed of Trust, including without limitation all taxes, fees, documentary stamps, and other charges for recording or registering this Deed of Trust. 
 Taxes. The following shall constitute taxes to which this section applies: (a) a specific tax upon this type of Deed of Trust or upon all or
any part of the Indebtedness secured by this Deed of Trust; (b) a specific tax on Trustor which Trustor is authorized or required to deduct from payments on the Indebtedness secured by this type of Deed of Trust; (c) a tax on this type of
Deed of Trust chargeable against the Lender or the holder of the Note; and (d) a specific tax on all or any portion of the Indebtedness or on payments of principal and interest made by Trustor. 
 Subsequent Taxes. If any tax to which this section applies is enacted subsequent to the date of this Deed of Trust, this event shall have the same
effect as an Event of Default (as defined below), and Lender may exercise any or all of its available remedies for an Event of Default as provided below unless Trustor either (a) pays the tax before it becomes delinquent, or (b) contests
the tax as provided above in the “Taxes and Liens” section and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender. 
 SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Deed of Trust as a security agreement are a part of this Deed of Trust. 
 Security Agreement. This instrument shall constitute a security agreement pursuant to the laws of the Commonwealth of Virginia to the extent any of
the Property constitutes fixtures or other personal property of Trustor (but not as to fixtures or personal property of tenants at the Property), and Trustor 

  

  
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 DEED OF TRUST 
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(as “debtor”) hereby grants to Lender (as “secured party”) a security interest in and to any such fixtures and other personal property.
Lender shall have all of the rights of a secured party under the Uniform Commercial Code as amended from time to time, in addition to every other remedy given under this Deed of Trust or now or hereafter existing at law or in equity or by statute in
Trustor’s fixtures and personal property. 
 Security Interest. Upon request by Lender, Trustor shall execute financing statements
and any extensions, amendments and renewals thereof and take whatever other action is requested by Lender to perfect and continue Lender’s security interest in the Rents and Personal Property. Trustor shall reimburse Lender for all expenses
incurred in perfecting or continuing this security interest. Following an Event of Default, Trustor shall assemble the Personal Property in a manner and at a place reasonably convenient to Trustor and Lender and make it available to Lender within
three (3) business days after receipt of written demand from Lender. 
 Addresses. The mailing addresses of Trustor (debtor) and
Lender (secured party), from which information concerning the security interest granted by this Deed of Trust may be obtained (each as required by the Uniform Commercial Code), are as stated on the first page of this Deed of Trust. 
 FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assurances and attorney-in-fact are a part of this Deed of Trust. 

Further Assurances. At any time, and from time to time, upon written request of Lender, Trustor will make, execute and deliver, or will cause to
be made, executed or delivered, to Lender or to Lender’s designee, and when requested by Lender, cause to be filed, recorded, refiled, or rerecorded, as the case may be, at such times and in such offices and places as Lender may deem
appropriate, any and all such mortgages, deeds of trust, security deeds, security agreements, financing statements, continuation statements, instruments of further assurance, certificates, and other documents as may, in the sole opinion of Lender,
be necessary or desirable in order to effectuate, complete, perfect, continue, or preserve (a) the obligations of Trustor under the Note, this Deed of Trust, and the Related Documents, and (b) the liens and security interests created by
this Deed of Trust on the Property, whether now owned or hereafter acquired by Trustor. Unless prohibited by law or agreed to the contrary by Lender in writing, Trustor shall reimburse Lender for all costs and expenses incurred in connection with
the matters referred to in this paragraph. 
 Attorney-in-Fact. If Trustor fails to do any of the things referred to in the preceding
paragraph, Lender may do so for and in the name of Trustor and at Trustor’s expense. For such purposes, Trustor hereby irrevocably appoints Lender as Trustor’s attorney-in-fact for the purpose of making, executing, delivering, filing,
recording, and doing all other things as may be necessary or desirable, in Lender’s sole opinion, to accomplish the matters referred to in the preceding paragraph. 
 FULL PERFORMANCE. If Trustor pays all the Indebtedness when due and otherwise performs all the obligations imposed upon Trustor under this Deed of Trust, upon Trustor’s request and at Trustor’s sole
cost and expense, Lender and Trustee shall execute a release of this Deed of Trust in recordable form to be recorded among the Loudoun County, Virginia land records at Trustor’s sole cost and expense, and Lender shall execute and deliver to
Trustor suitable statements of termination of any financing statement on file evidencing Lender’s security interest in the Rents and the Personal Property, to be recorded among the appropriate records at Trustor’s sole cost and expense.
Lender may charge Trustor a reasonable release fee at the time of release. 
  

  
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 DEED OF TRUST 
 (Continued) 
  
  

 DEFAULT. Each of the following, at the option of Lender, shall constitute an event of default (“Event of
Default”): 
 Default on Indebtedness. Failure of Trustor to make any payment when due on the Indebtedness, which is not cured by
Trustor within ten (10) days after written notice from Lender. 
 Default on Other Payments. Failure of Trustor within the time
required by this Deed of Trust, the Note or any of the Related Documents to make any payment, including without limitation, payment for taxes or insurance, or any other payment necessary to prevent filing of or to effect discharge of any lien, which
is not cured by Trustor within ten (10) days after written notice from Lender. 
 Compliance Default. Failure of Trustor to
perform or comply with any other term, obligation, covenant or condition contained in this Deed of Trust, the Note or in any of the Related Documents. 
 Default in Favor of Third Parties. An event of default under and as defined in any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other
creditor or person that shall have occurred and be continuing subject to the applicable cure period that may materially affect any of Trustor’s property or Trustor’s ability to repay the Note or perform Trustor’s obligations under
this Deed of Trust, the Note or any of the Related Documents. 
 False Statements. Any warranty, representation or statement made or
furnished to Lender by or on behalf of Trustor set forth in this Deed of Trust, the Note or any of the Related Documents is false or misleading in any material respect. 
 Defective Collateralization. This Deed of Trust or any of the Related Documents ceases to be in full force and effect (including failure of any collateral documents to create a valid and perfected security
interest or lien) at any time and for any reason. 
 Insolvency. The dissolution or termination of Trustor’s existence as a going
business, the insolvency of Trustor, the appointment of a receiver for any part of Trustor’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or
insolvency laws by or against Trustor. 
 Foreclosure, Forfeiture, etc. Commencement of foreclosure or forfeiture proceedings, whether
by judicial proceeding, self-help, repossession or any other method, by any creditor of Trustor or by any governmental agency against any of the Property. However, this subsection shall not apply in the event of a good faith dispute by Trustor as to
the validity or reasonableness of the claim which is the basis of the foreclosure or forfeiture proceeding, provided that Trustor gives Lender written notice of such claim and furnishes reserves or a surety bond in an amount determined by Lender, in
its sole discretion, as being an adequate reserve or bond for the claim. 
 Breach of Other Agreement. Any breach by Trustor under the
terms of any other agreement between Trustor and Lender that is not remedied within any grace period provided therein, including without limitation any agreement concerning any indebtedness or other obligation of Trustor to Lender, whether existing
now or later. 
  

  
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 DEED OF TRUST 
 (Continued) 
  
  

 Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor
of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. Lender, at its option, may, but shall not be required to, permit the
Guarantor’s estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure the Event of Default. 
 Existing Indebtedness. A default shall occur under any existing indebtedness or under any instrument on the Property securing any existing
indebtedness, or commencement of any suit or other action to foreclose any existing lien on the Property. 
 Right to Cure. If an Event
of Default occurs other than a payment default, and if Borrower has not been given a notice of a breach of the same provision of this Deed of Trust, the Note or any Related Documents within the preceding twelve (12) months, such default may be
cured (and no Event of Default will have occurred) if Borrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen
(15) days, immediately initiates steps which Lender deems in Lender’s good faith discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as
soon as reasonably practical, provided that such cure period shall not exceed one hundred twenty (120) days. 
 RIGHTS AND REMEDIES ON DEFAULT.
Upon the occurrence of any Event of Default and at any time thereafter, Trustee or Lender, at its option, may exercise any one or more of the following rights and remedies, in addition to any other rights or remedies provided by law: 
 Acceleration. By notice in writing to the Trustor, declare the entire unpaid balance of the Indebtedness (if not then due and payable) to be
due and payable in full, whereupon the same shall become and be immediately due and payable, notwithstanding anything in the Note or in any of the Related Documents to the contrary. 
 Foreclosure Sale. During the continuance of any such Event of Default, the Trustee personally or by its agents or attorneys, may sell the
Property, or any part or parts thereof, and all estate, right, title, interest, claims and demands therein, at public auction at such time and place and upon such terms and conditions as the Trustee may deem appropriate or as may be required or
permitted by applicable law or rule of court, having first given such notice prior to the sale of such time, place and terms by publication once a week for two consecutive weeks in at least one newspaper published or having a general circulation in
Loudoun County, Virginia as may be required by applicable law or rule of court, or at such other times and by such other methods, if any, as the Trustee or any title insurance company, insuring the lien hereof, may deem appropriate. 
 Other Remedies. During the continuance of any Event of Default, the Trustee and the Beneficiary may take such other steps to protect and
enforce their respective rights, whether by action, suit or proceeding in equity or at law, or in aid of any power granted herein or in the Note or the Related Documents, or for the enforcement of any other appropriate legal or equitable remedy, or
otherwise, as the Trustee or the Beneficiary may elect. 
 Assent to the Passing of a Decree – Power of Sale. The Trustor,
in accordance with applicable law and rules of court, does hereby assent to the passing and entry of a decree for the sale of the Property or enforcing or otherwise relating to any of the remedies set forth in the Note or the Related Documents by

  

  
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 DEED OF TRUST 
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any court of competent jurisdiction, and the Trustee shall have the power, and is hereby authorized to sell the Property and, in the event of a default by
any purchaser at any such sale, to resell the Property, all at the cost and expense of the Trustor. 
 Other Security. The
Beneficiary may resort to any other security held by the Beneficiary for the payment of the Indebtedness or the performance of the obligations of Trustor in such order and manner as the Beneficiary may elect, and no such action by the Beneficiary
shall operate to limit, modify or terminate any of the rights, powers or remedies contained herein or in the Note or the Related Documents. 
 Adjournment of Sale. The Trustee may adjourn from time to time any sale to be made under, or by virtue of this Deed of Trust by announcement at the time and place appointed for such sale or for such adjourned sale or sales;
and, except as otherwise provided by any rule of law, the Trustee, without further notice or publication, may make such sale at the time and place to which the same shall be so adjourned. 
 Conveyance by Trustee. Upon the completion of any sale or sales made by the Trustee under or by virtue of this Section, whether made under
the power of sale herein granted or under or by virtue of judicial proceedings or of a judgment or decree of foreclosure and sale, the Trustee or an officer of the court empowered so to do, shall execute and deliver to the purchaser or purchasers a
good and sufficient instrument, or instruments, conveying, assigning and transferring all estate, right, title and interest in and to the Property and rights sold. The Trustee is hereby appointed the irrevocable true and lawful attorney of the
Trustor in its name and stead to make all necessary conveyances, assignments, transfers and deliveries of the Property and rights so sold and for that purpose the Trustee may execute all necessary instruments of conveyance, assignment and transfer,
and may substitute one or more persons with like power, the Trustor hereby ratifying and confirming all that its said attorney or such substitute or substitutes shall lawfully do by virtue hereof. Nevertheless, the Trustor, if so requested by the
Trustee or the Beneficiary pursuant to the order of any Court, shall confirm any such sale or sales by executing and delivering to the Trustee or to such purchaser or purchasers all such instruments as may be advisable, in the judgment of the
Trustee or the Beneficiary, for the purpose and as may be designated in such request. Any such sale or sales made under or by virtue of this Section, whether made under the power of sale herein granted or under or by virtue of judicial proceedings
or of a judgment or decree of foreclosure and sale, shall operate to divest all the estate, right, title, interest, claim and demand whatsoever, whether at law or in equity, of the Trustor in and to the properties and rights so sold, and shall be a
perpetual bar, both at law and in equity, against the Trustor and against any and all persons claiming or who may claim the same, or any part thereof from, through or under the Trustor. 
 Purchase by Beneficiary. In the event of the sale made under or by virtue of this Section, whether made under the power of sale herein granted or
under or by virtue of judicial proceedings or of a judgment or decree of foreclosure and sale, the Beneficiary shall be competent to bid for and acquire the Property or any part thereof. 
 Separate Sales. In the event of any sale made under or by virtue of this Section, whether made under the power of sale herein granted or
under or by virtue of judicial proceedings or of a judgment or decree of foreclosure and sale, the Trustee may sell the Property or any part thereof in one parcel, as an entirety or in such parcels and in such manner or order as the Trustee, in the
sole exercise of its discretion, may elect. 
 Recission of Election to Accelerate. In the event the Beneficiary shall elect to
accelerate the maturity of the Indebtedness pursuant to the provisions of this Deed of Trust, such election may be rescinded by written acknowledgement to that effect by the Beneficiary; provided, however, that the acceptance of a partial payment on
account of the Indebtedness shall not alone affect or rescind such election. 
  

  
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 DEED OF TRUST 
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 Waiver of Redemption – Exemptions Waived. Trustor will not at any time insist
upon, or plead, or in any manner whatever claim or take any benefit or advantage of any stay or extension or moratorium law, any exemption from attachment, execution or sale of the Property or any part thereof, wherever enacted, now or at any time
hereafter in force, which may affect the covenants and terms of performance of this Deed of Trust, nor claim, take or insist upon any benefit or advantage of any law now or hereafter in force providing for the valuation or appraisal of the Property,
or any part thereof, prior to any sale or sales thereof which may be made pursuant to any provision herein, or pursuant to the decree, judgment or order of any court of competent jurisdiction; or after any such sale or sales, claim or exercise any
right under any statute heretofore or hereafter enacted to redeem the Property so sold or any part thereof, and the Trustor hereby expressly waives all benefit or advantage of any such law or laws, and covenants not to hinder, delay or impede the
execution of any right, power or remedy herein granted or delegated to the Trustee or the Beneficiary, but to suffer and permit the execution of every power as though no such law or laws had been made or enacted. The Trustor, for itself and all who
claim under it, waives, to the extent that it lawfully may, the benefit of any homestead exemption and any and all right to have the Property marshaled upon any sale or foreclosure hereunder. 
 Recovery of Judgment. During the continuance of any Event of Default, the Beneficiary shall be entitled and empowered to institute such
actions or proceedings at law or in equity as it may consider advisable for the collection of the entire unpaid balance of the Indebtedness, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such
judgment or final decree against the Trustor in any manner provided by law. The Beneficiary shall be entitled to recover judgment as aforesaid either before or after or during the pendency of any proceeding for the enforcement of any remedies
provided for in the Note or the Related Documents and the right of the Beneficiary to recover judgment as aforesaid shall not be affected by any sale hereunder, or by the passage or entry of a decree of the sale of the Property or any part thereof,
or by the enforcement of the provisions of the Note and the Related Documents or the foreclosure of the lien hereof. In the event of a sale of the Property, and of the application of the proceeds of sale, as in this Deed of Trust provided, to the
payment of the Indebtedness, the Beneficiary shall be entitled to enforce payment of, and to receive all amounts then remaining due and unpaid upon the Indebtedness and shall be entitled to recover judgment for any portion of the Indebtedness
remaining unpaid, with interest as provided in the Note. In case of proceedings against the Trustor in insolvency or bankruptcy or any liquidation of its assets, or any proceedings for its reorganization or involving the liquidation of its assets,
then the Beneficiary shall be entitled to prove the whole amount due on account of the Indebtedness, without deducting therefrom any proceeds obtained from the sale of the whole or any part of the Property; provided, however, that in no case shall
the Beneficiary receive a greater amount than such amount due on account of the Indebtedness from the aggregate amount of the proceeds of the sale of the Property and the distribution from the estate of the Trustor. No recovery of any judgment by
the Beneficiary and no levy of an execution under any judgment upon the Property or upon any other property of the Trustor shall affect, in any manner or to any extent, the lien of this Deed of Trust upon the Property or any part thereof, or any
liens, rights, powers or remedies of the Trustee or the Beneficiary hereunder, but such liens, rights, powers and remedies of the Trustee and the Beneficiary shall continue unimpaired as before. 
 Discontinuance of Proceedings. In the event the Trustee or the Beneficiary shall commence any proceeding to enforce any right, power or
remedy under the Note or the Related Documents and such proceedings shall be discontinued or abandoned for any reason, then in every such case the parties shall be restored to their former positions and the right, powers and remedies of the Trustee
and the Beneficiary shall continue as if no such proceedings had been commenced. 
  

  
 Page 13 of 23 

 DEED OF TRUST 
 (Continued) 
  
  

 No Conditions Precedent to Exercise of Remedies. Neither Trustor nor any guarantor of
the payment of all or any part of the Indebtedness or the performance of any of the other obligations of Trustor shall be relieved of any obligation by reason of the failure of the Beneficiary to comply with any request of Trustor or of any other
person to take action to foreclose on this Deed of Trust or otherwise to enforce any provisions of the Note or the Related Documents, or by reason of the release, regardless of consideration, of all or any part of the Property, or by reason of any
agreement of stipulation between any subsequent owner of the Property and Beneficiary extending the time of payment or modifying the terms of the Note or the Related Documents without first having obtained the consent of Trustor or such guarantor
and in the latter event, Trustor and all guarantors shall continue to be liable to make payment according to the terms of any such extension or modification agreement, unless expressly released and discharged in writing by Beneficiary. 

Application of Proceeds. The proceeds of any sale made under or by virtue of this Section, whether made under the power of sale herein
granted or under or by virtue of judicial proceedings or of a judgment or decree of foreclosure and sale, together with any other sums which may then be held by the Trustee or the Beneficiary pursuant to this Deed of Trust, whether under the
provisions of this Section or otherwise, shall be applied as follows: 
 (a) First, to the payment of the costs and expenses of such sale,
including, without limitation, compensation to the Trustee (including the commission hereinafter provided) and the Beneficiary, their respective agents and counsel, and of any judicial or other proceeding wherein the same may be made, and of all
expenses, liabilities and advances made or incurred by the Trustee or the Beneficiary under this Deed of Trust, and all taxes and assessments due upon the Property at the time of such sale and to discharge any other lien prior to this Deed of Trust,
except any taxes, assessments or other liens subject to which the Property shall have been sold. 
 (b) Second, to the payment of whatever may
then remain unpaid on account of the Indebtedness, with interest thereon to the date of payment or as otherwise provided in the Note and the Related Documents. 
 (c) Third, to the payment of any other sums required to be paid by the Trustor pursuant to any provision of this Deed of Trust or the Note or the Related Documents, including, without limitation, all expenses,
liabilities and advances made or incurred by the Beneficiary under this Deed of Trust or in connection with the enforcement thereof, together with interest on all such advances. 
 (d) Fourth, to the payment of the surplus, if any, to whomsoever may be lawfully entitled to receive the same upon the delivery and surrender of the
Property sold and conveyed and upon the delivery of all records, books, leases, contracts, security deposits, agreements and other materials relating to the Property or the operation thereof to the Trustee or the purchaser. 
 Application of Purchase Money. In the event of any sale made under or by virtue of this Section, whether made under the power of sale herein
granted or under or by virtue of judicial proceedings or of a judgment or decree of foreclosure and sale, the receipt of the Trustee of the payment to it of the purchase money shall be full and sufficient discharge of any purchase of the Property
and no such purchaser after paying such purchase money and receiving such a receipt, shall be bound or liable to see to the application of such purchase money. 
  

  
 Page 14 of 23 

 DEED OF TRUST 
 (Continued) 
  
  

 UCC Remedies. With respect to all or any part of the Personal Property, Lender shall have all
the rights and remedies of a secured party under the Virginia Uniform Commercial Code, including without limitation the right to recover any deficiency in the manner and to the full extent provided by Virginia law. 
 Collect Rents. Lender shall have the right, without notice to Trustor, to take possession of and manage the Property and collect the Rents,
including amounts past due and unpaid, and apply the net proceeds, over and above Lender’s costs, against the Indebtedness. In furtherance of this right, Lender may require any tenant or other user of the Property to make payments of any Rents
or use fees directly to Lender. If the Rents are collected by Lender, then Trustor irrevocably designates Lender as Trustor’s attorney-in-fact to endorse instruments received in payment thereof in the name of Trustor and to negotiate the same
and collect the proceeds. Payments by tenants or other users to Lender in response to Lender’s demand shall satisfy the obligations for which the payments are made, whether or not any proper grounds for the demand existed. Lender may exercise
its rights under this subparagraph either in person, by agent, or through a receiver. 
 Appoint Receiver. Lender shall have the right
to have a receiver appointed to take possession of all or any part of the Property, with the power to protect and preserve the Property, to operate the Property preceding foreclosure or sale, and to collect the Rents from the Property and apply the
proceeds, over and above the cost of the receivership, against the Indebtedness. The receiver may serve without bond if permitted by law. Lender’s right to the appointment of a receiver shall exist whether or not the apparent value of the
Property exceeds the Indebtedness by a substantial amount. Employment by Lender shall not disqualify a person from serving as a receiver. 
 Tenancy at Sufferance. If Trustor remains in possession of the Property after the Property is sold as provided above or Lender otherwise becomes entitled to possession of the Property following an Event of Default of Trustor, Trustor
shall become a tenant at sufferance of Lender or the purchaser of the Property and shall, at Lender’s option, either (a) pay a reasonable rental for the use of the Property, or (b) vacate the Property immediately upon the demand of
Lender. 
 Notice of Sale. Lender shall give Trustor reasonable notice of the time and place of any public sale of the Personal
Property or of the time after which any private sale or other intended disposition of the Personal Property is to be made. Reasonable notice shall mean written notice given at least five (5) business days before the time of the sale or
disposition. Any sale of Personal Property may be made in conjunction with any sale of the Real Property. 
 Waiver; Election of
Remedies. A waiver by any party of a breach of a provision of this Deed of Trust shall not constitute a waiver of or prejudice the party’s rights otherwise to demand strict compliance with that provision or any other provision. Election by
Lender to pursue any remedy provided in this Deed of Trust, the Note, in any Related Document, or provided by law shall not exclude pursuit of any other remedy, and an election to make expenditures or to take action to perform an obligation of
Trustor under this Deed of Trust after failure of Trustor to perform shall not affect Lender’s right to declare a default and to exercise any of its remedies. 
 Attorneys’ Fees; Expenses. If Lender institutes any suit or action to enforce any of the terms of this Deed of Trust, Lender shall be entitled to recover such sum as the court may adjudge reasonable as
attorneys’ fees at trial and on any appeal. Whether or not any court action is involved, all reasonable 

  

  
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 DEED OF TRUST 
 (Continued) 
  
  

 
expenses incurred by Lender which in Lender’s opinion are necessary at any time for the protection of its interest or the enforcement of its rights
shall become a part of the Indebtedness payable on demand and shall bear interest at the Note rate from the date of expenditure until repaid. Expenses covered by this paragraph include, without limitation, however subject to any limits under
applicable law, Lender’s reasonable attorneys’ fees whether or not there is a lawsuit, including reasonable attorneys’ fees for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals
and any anticipated post-judgment collection services, the cost of searching records, obtaining title reports (including foreclosure reports), surveyors’ reports, appraisal fees, title insurance, and fees for the Trustee, to the extent
permitted by applicable law. Trustor also will pay any court costs, in addition to all other sums provided by law. 
 Rights of
Trustee. Trustee shall have all of the rights and duties of Lender as set forth in this section. 
 POWERS AND OBLIGATIONS OF TRUSTEE. The
following provisions relating to the powers and obligations of Trustee are part of this Deed of Trust. 
 Powers of Trustee. In
addition to all powers of Trustee arising as a matter of law, Trustee shall have the power to take the following actions with respect to the Property upon the written request of Lender and Trustor; (a) join in preparing and filing a map or plat
of the Real Property, including the dedication of streets or other rights to the public; (b) join in granting any easement or creating any restriction on the Real Property; and (c) join in any subordination or other agreement affecting
this Deed of Trust or the interest of Lender under this Deed of Trust. 
 Obligations to Notify. Trustee shall not be obligated to
notify any other party of a pending sale under any other trust deed or lien, or of any action or proceeding in which Trustor, Lender, or Trustee shall be a party, unless the action or proceeding is brought by Trustee. 
 Trustee. Trustee shall meet all qualifications required for Trustee under applicable law. In addition to the rights and remedies set forth above,
with respect to all or any part of the Property, the Trustee shall have the right to foreclose by notice and sale, and Lender shall have the right to foreclose by judicial foreclosure, in either case in accordance with and to the full extent
provided by applicable law. 
 Acceptance – Standard of Conduct. Trustee, by acceptance hereof as evidenced by the
recording of this Deed of Trust among the Loudoun County land records, hereby covenants faithfully to perform and fulfill the trust herein created; provided, however, that Trustee shall be liable hereunder only for gross negligence, willful
misconduct or bad faith. In any event, Trustee shall be indemnified and forever held harmless by Beneficiary for any action which Trustee may take pursuant to and in reliance upon the written instructions of Beneficiary. 
 Fees and Expenses. Trustor shall pay all reasonable costs, fees and expenses of Trustee, its agents and counsel, incurred in connection with
the performance of Trustee’s duties hereunder. Nothing contained in this Deed of Trust shall be construed to require Trustee to make any advances of funds for the benefit of either Trustor or Beneficiary for any reason or purpose. 

Commission on Sale. In the event of any sale made under or by virtue of this Deed of Trust, whether made under the power of sale herein
granted or under or by virtue of judicial proceedings or a judgment or decree of foreclosure and sale, Trustee shall be entitled to retain as compensation a commission equal to three percent (3%) of the total amount then due on account of the
Indebtedness, but not less than $100,000.00. 
  

  
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 DEED OF TRUST 
 (Continued) 
  
  

 Commission on Advertisement. Immediately upon the first publication of an advertisement
of any sale to be made under or by virtue of this Deed of Trust, whether made under the power of sale herein granted or under or by virtue of judicial proceeding or of a judgment or decree of foreclosure and sale, Trustee shall be entitled to
receive as compensation from Trustor a commission of one and one-half percent (1.5%) of the total amount then due on account of the Indebtedness, and upon the first publication of any such advertisement, such commission shall be considered
earned by Trustee, payable by Trustor, and a part of the Indebtedness. The commission in this paragraph and in the immediately preceding paragraph shall not be cumulative. 
 Resignation. Trustee may resign at any time upon thirty (30) days written notice to Trustor and Beneficiary. 
 Successor Trustee. Lender, at Lender’s option, may from time to time appoint a successor Trustee to any Trustee appointed hereunder by an instrument executed and acknowledged by Lender and recorded in the
land records of Loudoun County, Virginia. The instrument shall contain, in addition to all other matters required by state law, the names of the original Lender, Trustee, and Trustor, the book and page where this Deed of Trust is recorded, and the
name and address of the successor trustee, and the instrument shall be executed and acknowledged by Lender or its successor in interest. The successor trustee, without conveyance of the Property, shall succeed to all the title, power, and duties
conferred upon the Trustee in this Deed of Trust and by applicable law. This procedure for substitution of trustee shall govern to the exclusion of all other provisions for substitution. 
 NOTICES. Any notice under this Deed of Trust shall be in writing, may be sent by facsimile (unless otherwise required by law), and shall be effective when actually delivered, or when deposited with a nationally
recognized overnight courier, or, if mailed, shall be deposited in the United States mail first class, certified or registered mail, postage prepaid, directed to the addresses shown near the beginning of this Deed of Trust and shall be deemed
effective when received. Any party may change its address for notices under this Deed of Trust by giving formal written notice to the other parties, specifying that the purpose of the notice is to change the party’s address. All copies of
notices of foreclosure from the holder of any lien which has priority over this Deed of Trust shall be sent to Lender’s address, as shown near the beginning of this Deed of Trust. For notice purposes, Trustor agrees to keep Lender and Trustee
informed at all times of Trustor’s current address. Each Trustor requests that copies of any notices of default and sale be directed to Trustor’s address shown near the beginning of this Deed of Trust. 
 MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Deed of Trust: 
 Amendments. This Deed of Trust, together with the Related Documents, constitutes the entire understanding and agreement of the parties as to the
matters set forth in this Deed of Trust. No alteration of or amendment to this Deed of Trust shall be effective unless given in writing and signed by the party or parties sought to be charged or bound by the alteration or amendment. 
 Annual Reports. Trustor shall furnish to Lender, upon request, a certified statement of net operating income received from the Property during
Trustor’s previous fiscal year in such form and detail as Lender at all require. “Net operating income” shall mean all cash receipts from the Property less all cash expenditures, on an accrual basis, made in connection with the
operation of the Property. 
  

  
 Page 17 of 23 

 DEED OF TRUST 
 (Continued) 
  
  

 Acceptance by Trustee. Trustee accepts this Trust when this Deed of Trust, duly executed and
acknowledged, is made a public record as provided by law. 
 Arbitration. Lender and Trustor agree that all disputes, claims and
controversies between them, whether individual, joint, or class in nature, arising from this Deed of Trust or otherwise, including without limitation contract and tort disputes, shall be arbitrated pursuant to the Rules of the American Arbitration
Association, upon request of either party. No act to take or dispose of any Collateral shall constitute a waiver of this arbitration agreement or be prohibited by this arbitration agreement. This includes, without limitation, obtaining injunctive
relief or a temporary restraining order; invoking a power of sale under any deed of trust or mortgage; obtaining a writ of attachment or imposition of a receiver; or exercising any rights relating to personal property, including taking or disposing
of such property with or without judicial process pursuant to Article 9 of the Uniform Commercial Code. Any disputes, claims, or controversies concerning the lawfulness or reasonableness of any act, or exercise of any right, concerning any
Collateral, including any claim to rescind, reform, or otherwise modify any agreement relating to the Collateral, shall also be arbitrated, provided however that no arbitrator shall have the right or the power to enjoin or restrain any act of any
party. Lender and Trustor agree that in the event of an action for judicial foreclosure pursuant to the applicable laws of the Commonwealth of Virginia, the commencement of such an action will not constitute a waiver of the right to arbitrate and
the court shall refer to arbitration as much of such action, including counterclaims, as lawfully may be referred to arbitration. Judgment upon any award rendered by any arbitrator may be entered in any court having jurisdiction. Nothing in this
Deed of Trust shall preclude any party from seeking equitable relief from a court of competent jurisdiction. The statute of limitations, estoppel, waiver, laches, and similar doctrines which would otherwise be applicable in an action brought by a
party shall be applicable in any arbitration proceeding, and the commencement of an arbitration proceeding shall be deemed the commencement of an action for these purposes. The Federal Arbitration Act shall apply to the construction, interpretation,
and enforcement of this arbitration provision. 
 Applicable Law. This Deed of Trust has been delivered to Lender and accepted by
Lender in the Commonwealth of Virginia. Subject to the provisions on arbitration, this Deed of Trust shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia. 
 Caption Headings. Caption headings in this Deed of Trust are for convenience purposes only and are not to be used to interpret or define the
provisions of this Deed of Trust. 
 Merger. There shall be no merger of the interest or estate created by this Deed of Trust with any
other interest or estate in the Property at any time held by or for the benefit of Lender in any capacity, without the written consent of Lender. 
 Severability. If a court of competent jurisdiction finds any provision of this Deed of Trust to be invalid or unenforceable as to any person or circumstance, such finding shall not render that provision invalid or unenforceable as to
any other persons or circumstances. If feasible, any such offending provision shall be deemed to be modified to be within the limits of enforceability or validity; however, if the offending provision cannot be so modified, it shall be stricken and
all other provisions of this Deed of Trust in all other respects shall remain valid and enforceable. 
  

  
 Page 18 of 23 

 DEED OF TRUST 
 (Continued) 
  
  

 Successors and Assigns. Subject to the limitations stated in this Deed of Trust on transfer of
Trustor’s interest, this Deed of Trust shall be binding upon and inure to the benefit of the parties, their successors and assigns. If ownership of the Property becomes vested in a person other than Trustor, Lender, without notice to Trustor,
may deal with Trustor’s successors with reference to this Deed of Trust and the Indebtedness by way of forbearance or extension without releasing Trustor from the obligations of this Deed of Trust or liability under the Indebtedness.

 Time Is of the Essence. Time is of the essence in the performance of this Deed of Trust. 
 Waivers and Consents. Lender shall not be deemed to have waived any rights under this Deed of Trust (or under the Related Documents) unless such
waiver is in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such right or any other right. A waiver by any party of a provision of this Deed of Trust shall not constitute
a waiver of or prejudice the party’s right otherwise to demand strict compliance with that provision or any other provision. No prior waiver by Lender, nor any course of dealing between Lender and Trustor, shall constitute a waiver of any of
Lender’s rights or any of Trustor’s obligations as to any future transactions. Whenever consent by Lender is required in this Deed of Trust, the granting of such consent by Lender in any instance shall not constitute continuing consent to
subsequent instances where such consent is required. 
 Nature of Loan. Trustor hereby represents and warrants that it is a
business or commercial organization and further represents and warrants that the Indebtedness secured by this Deed of Trust was made and transacted solely for the purpose of holding, developing and managing real estate for profit within the meaning
of the Code of Virginia. 
 Statutory Provisions. This Deed of Trust is made under and pursuant to the provisions of the Code of
Virginia (1950), as amended, Sections 55-59, 55-60, 26-49 and 55-58.2, as amended, and shall be construed to impose and confer upon the parties hereto and the Beneficiary all rights, duties and obligations prescribed by said Sections, as amended,
except as herein otherwise restricted, expanded or changed, including (without limitation) the following rights, duties and obligations described in short form: 
 (a) All exemptions are hereby waived. 
 (b) Subject to all (call) on default. 
 (c) Renewal, extension or reinstatement permitted. 
 (d) Advertisement required once a week for two (2) successive weeks. 
 (e) If there is more than one (1) Trustee, any
Trustee may act. 
 DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust. Terms not otherwise defined in
this Deed of Trust shall have the meanings attributed to such terms in the Virginia Uniform Commercial Code. All references to dollar amounts shall mean amounts in lawful money of the United States of America. 
  

  
 Page 19 of 23 

 DEED OF TRUST 
 (Continued) 
  
  

 Beneficiary. The word “Beneficiary” means FIRST CREDIT BANK, a California Banking
Corporation, its successors and assigns. FIRST CREDIT BANK also is referred to as “Lender” in this Deed of Trust. 
 Deed of
Trust. The words “Deed of Trust” mean this Deed of Trust among Trustor, Lender, and Trustee, as the same may be modified or supplemented from time to time, and includes without limitation all assignment and security interest provisions
relating to the Personal Property and Rents. 
 Guarantor. The word “Guarantor” means and includes without limitation any and
all guarantors, sureties, and accommodation parties in connection with the Indebtedness, 
 Improvements. The word
“Improvements” means and includes without limitation all existing and future improvements, buildings, structures, mobile homes affixed on the Real Property, facilities, additions, replacements and other construction on the Real Property.

 Indebtedness. The word “Indebtedness” means all principal and interest payable under the Note and any amounts expended or
advanced by Lender to discharge obligations of Trustor or expenses incurred by Trustee or Lender to enforce obligations of Trustor under this Deed of Trust, together with interest on such amounts as provided in this Deed of Trust. 
 Note. The word “Note” means the Note of even date herewith in the principal amount of $25,000,000.00 from Trustor to Lender, together
with all renewals, extensions, modifications, refinancings, and substitutions for the Note. 
 Personal Property. The words
“Personal Property” mean all equipment, fixtures, and other articles of personal property now or hereafter owned by Trustor, and now or hereafter attached or affixed to the Real Property and owned by Trustor; together with all accessions,
parts, and additions to, all replacements of, and all substitutions for, any of such property; and together with all proceeds (including without limitation all insurance proceeds and refunds of premiums) from any sale or other disposition of the
Property. 
 Property. The word “Property” means collectively the Real Property and the Personal Property. 
 Real Property. The words “Real Property” mean the property, interests and rights described above in the “Conveyance and Grant”
section. 
 Related Documents. The words “Related Documents” mean and include without limitation the Construction Loan
Agreement, all promissory notes, credit agreements, loan agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, and all other instruments, agreements and documents, whether now or hereafter existing,
executed in connection with the Indebtedness. 
 Rents. The word “Rents” means all present and future leases, rents,
revenues, income, issues, royalties, profits, and other benefits derive from the Property together with the cash proceeds of the Rents. 
 Trustor. The word “Trustor” means Fox Properties LLC, a Delaware limited liability company. 
  

  
 Page 20 of 23 

 DEED OF TRUST 
 (Continued) 
  
  

 [Signature on following page] 
  

  
 Page 21 of 23 

 DEED OF TRUST 
 (Continued) 
  
  

 TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND TRUSTOR AGREES TO ITS TERMS. 

 TRUSTOR: 
  

									
		 	 FOX PROPERTIES LLC,
 a
Delaware limited liability company

		 
			
		 	By:	 	 Safari Ventures LLC,
 a Delaware limited
liability company
 its Managing Member

				
		 		 	By:	 	 DuPont Fabros Technology, Inc.,
 a
Maryland corporation,
 its Managing Member

					
		 		 		 	By:	 	 /s/ Lammot J. du Pont

		 		 		 	Name:	 	 Lammot J. du Pont

		 		 		 	Title:	 	 Executive Chairman of the Board

  

									
	STATE OF	 	 Virginia
	  	)	  		  	
		 		  	)	  	ss:	  	
	CITY/COUNTY OF	 	 Fairfax
	  	)	  		  	

 I HEREBY CERTIFY that on
                    , 2009, before me, a Notary Public of the jurisdiction aforesaid, personally appeared
                                        , known
to me (or satisfactorily proven) to be the person whose name is subscribed to the foregoing instrument, who in his official and authorized capacity as the Managing Member of FOX PROPERTIES LLC, and being authorized so to do, executed the foregoing
instrument for the purposes therein contained by signing his name as the Managing Member of the limited liability company, on behalf of the limited liability company. 
  

									
		 	WITNESS my hand and Notarial Seal.	 		 	
					
		 	 /s/ Cortney A. Smith
	 		 		 	
		 	Notary Public	 		 		 	

 My Commission Expires: June 30, 2012 
 My Registration Number is: #352199 
  

  
 Page 22 of 23 

 DEED OF TRUST 
 (Continued) 
  
  

 EXHIBIT A 
 LEGAL DESCRIPTION OF REAL PROPERTY 
 ALL THAT CERTAIN lot or parcel of land, situate, lying and being in Loudoun County,
Virginia, and being more particularly described as follows: 
 Lot 13A, Phase III, ASHBURN BUSINESS PARK, as shown on plat entitled “ Consolidation
Boundary Line Adjustment on Lots 13 and 14, Ashburn Business Park Phase II, and Lots 15, 16 and 17, Ashburn Business Park Phase I, Dulles Election District, Loudoun County, Virginia”, dated September 10, 2007 and recorded as Instrument
No. 20071004-0072288, a copy of which is recorded with Deed of Consolidation, dated September 27, 2007 and recorder October 4, 2007 as Instrument No. 20071004-0072287, among the land records of Loudoun County, Virginia.

 AND BEING the same property conveyed to Fox Properties LLC, a Delaware limited liability company by Deed of Contribution dated August 8, 2007 and
recorded August 9, 2007 among the land records of Loudoun County, Virginia as Instrument No. 20070809-0059274 and by Deed of Consolidation dated September 27, 2007 and recorded October 4, 2007 as Instrument
No. 20071004-0072287. 
  

  
 Page 23 of 23

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