Document:

Form of Assignment of Leases and Rents

 Exhibit 10.5 
 Instrument Prepared By And 
 When Recorded Return To: 

Nyemaster Goode, P.C. 
 700 Walnut, Suite 1600

 Des Moines, Iowa 50309 
 Attention:
James C. Wine 
  

			
	  
	 	

 ASSIGNMENT OF RENTS AND LEASES 

THIS ASSIGNMENT OF RENTS AND LEASES (“Assignment”) is made and entered into as of June 10, 2011, by
                                        ,
a Delaware limited liability company (“Assignor”), to be indexed as a grantor, with the address of c/o Strategic Storage Trust, Inc., 111 Corporate Drive, Suite 120, Ladera Ranch, CA 92694, for the benefit of ING LIFE INSURANCE AND ANNUITY
COMPANY, a Connecticut corporation (“Assignee”), to be indexed as a grantee, with the address of c/o ING Investment Management LLC, 5780 Powers Ferry Road, NW, Suite 300, Atlanta, Georgia 30327-4349. 

W I T N E S S E T H: 
 WHEREAS, Assignor has executed and delivered to Assignee Assignor’s Promissory Note dated on or about this same date in the original principal amount of
                                        
DOLLARS ($            ) (as the same may be extended, renewed, refinanced, refunded, amended, modified or supplemented from time to time, the “Note”), performance of
which is secured, among other things, by a Deed to Secure Debt and Security Agreement (the “Security Deed”), which Security Deed encumbers certain real estate described in Exhibit “A,” attached hereto and hereby made a part
hereof, and improvements thereon (together, the “Premises”); and 
 WHEREAS, as a condition to Assignee’s
obligation to make the loan evidenced by the Note and secured by the Security Deed (and any extensions and/or modifications thereof) and made pursuant to or in connection with and secured by other documents, including, but not limited to, a Security
Agreement and financing statements naming Assignor as debtor and Assignee as secured party (this Assignment, the Note, the Security Deed, the Security Agreement and such other documents are sometimes hereinafter collectively referred to as the
“Loan Documents”), Assignor has agreed to absolutely and unconditionally assign to Assignee all of Assignor’s rights under and title to various leases affecting the Premises, including Assignor’s rights in and title to the rents
therefrom, subject only to the terms and conditions herein set forth. 
 NOW THEREFORE, in consideration of the foregoing
recitals and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, Assignor hereby agrees as follows: 

  
 Page 1 of 8

 1. Assignment of Leases. Assignor hereby presently assigns, transfers, grants and
conveys unto Assignee, its successors and assigns, all leasehold estates of Assignor, as lessor, and all right, title and interest of Assignor in, to and under all existing and future leases, subleases, license agreements, concessions, tenancies and
other use or occupancy agreements, whether oral or written, covering or affecting any or all of the Premises and all agreements for any use of, all or any part of the Premises, the buildings, fixtures and other improvements located thereon
(“Improvements”), and all extensions, renewals and guaranties thereof and all amendments, and supplements thereto (collectively, the “Leases”), including without limitation the following: 

(a) any and all rents, revenues, issues, income, royalties, receipts, profits, contract rights, accounts receivable, general intangibles,
and other amounts now or hereafter becoming due to Assignor in connection with or under the Leases (whether due for the letting of space, for services, materials or installations supplied by Assignor or for any other reason whatsoever), including
without limitation all insurance, tax and other contributions, insurance proceeds, condemnation awards, damages following defaults by tenants under the Leases (“Tenants”), cash or securities deposited by Tenants to secure performance of
their obligations under the Leases, and all other extraordinary receipts, and all proceeds thereof, both cash and non-cash (all of the foregoing being hereinafter collectively called the “Rents”) and all rights to direct the payment of,
make claim for, collect, receive and receipt for the Rents; 
 (b) all claims, rights, privileges and remedies on the part of
Assignor, whether arising under the Leases or by statute or at law or in equity or otherwise, arising out of or in connection with any failure by any Tenant to pay the Rents or to perform any of its other obligations under its Lease; 

(c) all rights, powers and privileges of Assignor to exercise any election or option or to give or receive any notice, consent, waiver or
approval under or with respect to the Leases; and 
 (d) all other claims, rights, powers, privileges and remedies of Assignor
under or with respect to the Leases, including without limitation the right, power and privilege (but not the obligation) to do any and all acts, matters and other things that Assignor is entitled to do thereunder or with respect thereto.

 2. Purpose of Assignment; Security. This Assignment is made for the purpose of securing Assignor’s full and
faithful (a) payment of the indebtedness (including any extensions or renewals thereof) evidenced by the Note, (b) payment of all other sums with interest thereon becoming due and payable to Assignee under the provisions of the Security
Deed or any other Loan Documents, and (c) performance and discharge of each and every term, covenant and condition contained in the Note, Security Deed, Security Agreement or any of the other Loan Documents. 

3. Assignor’s Representations, Warranties and Covenants. Assignor represents, warrants, covenants and agrees with Assignee as
follows: 
 (a) That the sole ownership of the entire lessor’s interest in the Leases and the Rents is, and as to future
Leases shall be, vested in Assignor, and that Assignor has not, and shall not, perform any acts or execute any other instruments which might prevent Assignee from fully exercising its rights under any of the terms, covenants and conditions of this
Assignment. 
 (b) That the Leases are and shall be valid and enforceable against the respective lessees thereunder in
accordance with their terms. 
 (c) That none of the Leases shall be altered, modified, amended, terminated, cancelled,
extended, renewed or surrendered, nor any term or condition thereof waived, nor shall Assignor consent to any assignment or subletting by any lessee thereunder without the prior written approval of Assignee. Provided, however, the foregoing
restriction shall not apply to Permitted Self-Storage Leases (as defined below) that meet such criteria both before and after the otherwise proscribed action. A Permitted Self-Storage Lease is a lease (i) with a bona-fide,

  
 Page 2 of 8

 
arms-length tenant, entered into in accordance with competitive market conditions, for the rental of an individual storage unit, parking area and/or specialty storage, including, without
limitation, leases for storage of recreational vehicles and boats located at the Premises or (ii) with a bona-fide, arms-length tenant, entered into in accordance with competitive market conditions for any retail or office space covering less
than 5,000 square feet. 
 (d) That the Permitted Self-Storage Leases shall conform, in all material respects, to the form lease
that has been submitted to and approved by Lender. 
 (e) Not more than 5% of the annual gross rent under the Leases shall be
paid more than thirty (30) days in advance of the due date. 
 (f) To Assignor’s actual knowledge, except for monetary
defaults set forth on the rent roll previously delivered to Assignee, there are no defaults now existing under any of the Leases, and, to Assignee’s actual knowledge, except as disclosed on the rent roll previously delivered to Assignee, there
exists no state of facts which, with the giving of notice or lapse of time or both, would constitute a default under any of the Leases. 
 (g) That Assignor shall give prompt notice to Assignee of any written notice received by Assignor claiming that a default has occurred under any of the Leases on the part of the Assignor, together with a
complete copy of any such notice. 
 (h) That Assignor will not permit any Lease to become subordinate to any lien other than
the lien of the Security Deed. 
 (i) That there shall be no merger of the Leases, or any of them, by reason of the fact that
the same person may acquire or hold directly or indirectly the Leases, or any of them, as well as the fee estate in the Premises or any interest in such fee estate. 
 4. Absolute Assignment/License to Collect Rents. This Assignment is entered into for the purpose of absolutely assigning the Leases and the Rents to Assignee as additional collateral for the loan
evidenced by the Note and such Assignment is choate on the date hereof. Notwithstanding the foregoing, so long as no Event of Default, as hereinafter defined, shall have occurred, Assignor shall have a license, terminable by the Assignee upon any
Event of Default, to collect, use and disburse the Rents accruing from the Premises in such manner as is determined by Assignor (subject to the restriction on advance payment of Rents in Section 3(e) above). Upon the occurrence of an Event of
Default, the license granted to the Assignor shall be automatically and immediately revoked without notice to the Assignor. Upon the revocation of such license the Assignee may at its option give Tenants a written notice (a “Tenant
Notice”) requesting the Tenants to pay all Rents and other amounts due under the Leases directly to Assignee and to perform any of the Tenants’ respective obligations under the Leases for the benefit of Assignee. 

5. Assignee’s Powers and Rights. At any time during the term of the Note or the Security Deed, Assignee may, at its option
upon or after an Event of Default and after giving a Tenant Notice, receive and collect all of the Rents as they become due. Assignee shall thereafter continue to receive and collect all of the Rents, as long as Assignee deems such receipt and
collection to be necessary or desirable, in Assignee’s sole discretion. 
 Assignor hereby irrevocably appoints Assignee
its true and lawful attorney, coupled with an interest, with full power of substitution and with full power for Assignee in its own name and capacity or in the name and capacity of Assignor, from and after the occurrence of an Event of Default and
after the giving of a Tenant Notice, to demand, collect, receive and give complete acquittance for any and all Rents and at Assignee’s discretion to file any claim or take any other action or proceeding and make any settlement of any claims,
either in its own name or in the name of Assignor or otherwise, which Assignee may deem necessary or desirable in order to collect and enforce the payment of the Rents. From and after the occurrence of an Event of Default and after the giving of a
Tenant Notice, Tenants are hereby expressly authorized and directed to pay all Rents and any other amounts due Assignor pursuant to the Leases or otherwise, to Assignee, or such nominee as Assignee may designate in a Tenant Notice delivered to

  
 Page 3 of 8

 
such Tenants, and the Tenants are expressly relieved of any and all duty, liability or obligation to Assignor with respect to all payments so made. 

From and after the occurrence of an Event of Default and after the giving of a Tenant Notice, Assignee is hereby vested with full power
to use all measures, legal and equitable, deemed by Assignee necessary or proper to enforce this Assignment and to collect the Rents assigned hereunder, including the right of Assignee or its designee to enter upon the Premises, or any part thereof,
with or without force and with or without process of law and take possession of all or any part of the Premises together with all personal property, fixtures, documents, books, records, papers and accounts of Assignor relating thereto, and may
exclude the Assignor, its agents and servants, wholly therefrom. Assignor herein grants full power and authority to Assignee to exercise all rights, privileges and powers herein granted at any and all times after the occurrence of an Event of
Default and after the giving of a Tenant Notice, without further notice to Assignor, with full power to use and apply all of the Rents and other income herein assigned to the payment of the costs of managing and operating the Premises and of any
indebtedness or liability of Assignor to Assignee, including but not limited to the payment of taxes, special assessments, insurance premiums, damage claims, the costs of maintaining, repairing, rebuilding and restoring the improvements on the
Premises or of making the same rentable, reasonable attorneys’ fees incurred in connection with the enforcement of this Assignment, and of principal and interest payments due (and all other amounts due under the Security Deed) from Assignor to
Assignee on the Note and the Security Deed, all in such order as Assignee may determine. Assignee shall be under no obligation to exercise or prosecute any of the rights or claims assigned to it hereunder or to perform or carry out any of the
obligations of the lessor under any of the Leases and does not assume any of the liabilities in connection with or arising or growing out of the covenants and agreements of Assignor in the Leases. It is further understood that this Assignment shall
not operate to place responsibility for the control, care, management or repair of the Premises, or parts thereof, upon Assignee, nor shall it operate to make Assignee liable for the performance of any of the terms and conditions of any of the
Leases, or for any waste of the Premises by any Tenant or any other person, or for any dangerous or defective condition of the Premises or for any negligence in the management, upkeep, repair or control of the Premises resulting in loss or injury or
death to any Tenant, licensee, employee or stranger. If Assignor shall fail to pay, perform or observe any of its covenants or agreements hereunder, Assignee may pay, perform or observe the same and collect the cost thereof from Assignor all as more
fully provided in the Security Deed. 
 6. Assignee Not Liable; Indemnification. Anything contained herein or in any of
the Leases to the contrary notwithstanding: (a) Assignor shall at all times remain solely liable under the Leases to perform all of the obligations of Assignor thereunder to the same extent as if this Assignment had not been executed;
(b) neither this Assignment nor any action or inaction on the part of Assignor or Assignee shall release Assignor from any of its obligations under the Leases or constitute an assumption of any such obligations by Assignee; and
(c) Assignee shall not have any obligation or liability under the Leases or otherwise by reason of or arising out of this Assignment, nor shall Assignee be required or obligated in any manner to make any payment or perform any other obligation
of Assignor under or pursuant to the Leases, or to make any inquiry as to the nature or sufficiency of any payment received by Assignee, or to present or file any claim, or to take any action to collect or enforce the payment of any amounts which
have been assigned to Assignee or to which it may be entitled at any time or times. Assignor shall and does hereby agree to indemnify Assignee and hold Assignee harmless from and against any and all liability, loss or damage which Assignee may or
might incur, and from and against any and all claims and demands whatsoever which may be asserted against Assignee, in connection with or with respect to the Leases or this Assignment, whether by reason of any alleged obligation or undertaking on
Assignee’s part to perform or discharge any of the covenants or agreements contained in the Leases or otherwise, except to the extent said liability, loss or damage is caused in whole or in part by the gross negligence or willful misconduct of
Assignee. Should Assignee incur any such liability, loss or damage in connection with or with respect to the Leases or this Assignment, or in the defense of any such claims or demands, the amount thereof, including costs, expenses and
attorneys’ fees, shall be paid by Assignor to Assignee immediately upon demand, together with interest thereon from the date of advancement at the Default Rate (as defined in the Note) until paid. 

  
 Page 4 of 8

 7. Security Deed Foreclosure. Upon foreclosure of the lien of the Security Deed and
sale of the Premises pursuant thereto, or delivery and acceptance of a deed in lieu of foreclosure, all right, title and interest of Assignor in, to and under the Leases shall thereupon vest in and become the absolute property of the purchaser of
the Premises in such foreclosure proceeding, or the grantee in such deed, without any further act or assignment by Assignor. Nevertheless, Assignor shall execute, acknowledge and deliver from time to time such further instruments and assurances as
Assignee may require in connection therewith and hereby irrevocably appoints Assignee the attorney-in-fact of Assignor in its name and stead to execute all appropriate instruments of transfer or assignment, or any instrument of further assurance, as
Assignee may deem necessary or desirable, and Assignee may substitute one or more persons with like power, Assignor hereby ratifying and confirming all that its said attorney or such substitute or substitutes shall lawfully do by virtue hereof.

 8. Non-Waiver. Waiver or acquiescence by Assignee of any default by the Assignor, or failure of the Assignee to insist
upon strict performance by the Assignor of any covenants, conditions or agreements in this Assignment, shall not constitute a waiver of any subsequent or other default or failure, whether similar or dissimilar. 

9. Rights and Remedies Cumulative. The rights and remedies of Assignee under this Assignment are cumulative and are not in lieu
of, but are in addition to any other rights or remedies which Assignee shall have under the Note, Security Deed, the Security Agreement or any other Loan Document, or at law or in equity. 

10. Severability. If any term of this Assignment, or the application thereof to any person or circumstances, shall, to any extent,
be invalid or unenforceable, the remainder of this Assignment, or the application of such term to persons or circumstances other than those as to which it is invalid or unenforceable, shall not be affected thereby, and each term of this Assignment
shall be valid and enforceable to the full extent permitted by law. 
 11. Notices. (a) All notices, demands,
requests, and other communications desired or required to be given hereunder (“Notices”), shall be in writing and shall be given by: (i) hand delivery to the address for Notices; (ii) delivery by overnight courier service to the
address for Notices; or (iii) sending the same by United States mail, postage prepaid, certified mail, return receipt requested, addressed to the address for Notices. 
 (b) All Notices shall be deemed given and effective upon the earlier to occur of: (x) the hand delivery of such Notice to the address for Notices; (y) one business day after the deposit of such
Notice with an overnight courier service by the time deadline for next day delivery addressed to the address for Notices; or (z) three business days after depositing the Notice in the United States mail as set forth in (a)(iii) above. All
Notices shall be addressed to the following addresses: 
  

					
	Assignor:	  	  
	  	
		  	c/o Strategic Storage Trust, Inc.	  	
		  	111 Corporate Drive, Suite 120	  	
		  	Ladera Ranch, CA 92694	  	
		  	Attn: H. Michael Schwartz	  	
		
	With a copy to:	  	Mastrogiovanni Schorsch and Mersky, P.C.
		  	2001 Bryan Street, Suite 1250	  	
		  	Dallas, Texas 75201	  	
		  	Attn: Charles Mersky, Esq.	  	
		
	Assignee:	  	ING Life Insurance and Annuity Company
		  	c/o ING Investment Management LLC
		  	5780 Powers Ferry Road, NW, Suite 300
		  	Atlanta, Georgia 30327-4349	  	
		  	Attention: Mortgage Loan Servicing Department

  
 Page 5 of 8

					
	and to:	  	ING Investment Management LLC
		  	5780 Powers Ferry Road, NW, Suite 300
		  	Atlanta, Georgia 30327-4349
		  	Attention: Real Estate Law Department
		
	With a copy to:	  	Nyemaster Goode, P.C.
		  	700 Walnut, Suite 1600
		  	Des Moines, Iowa 50309

 or to such other persons
or at such other place as any party hereto may by Notice designate as a place for service of Notice. Provided, that the “copy to” Notice to be given as set forth above is a courtesy copy only; and a Notice given to such person is not
sufficient to effect giving a Notice to the principal party, nor does a failure to give such a courtesy copy of a Notice constitute a failure to give Notice to the principal party. 

12. Heirs, Successors and Assigns. The terms “Assignor” and “Assignee” shall be construed to include the
respective heirs, personal representatives, successors and assigns of Assignor and Assignee. The gender and number used in this Assignment are used as a reference term only and shall apply with the same effect whether the parties are of the
masculine or feminine gender, corporate or other form, and the singular shall likewise include the plural. 
 13.
Amendment. This Assignment may not be amended, modified or changed nor shall any waiver of any provisions hereof be effective, except only by an instrument in writing and signed by the party against whom enforcement of any waiver, amendment,
change, modification or discharge is sought. 
 14. Captions. The captions or headings preceding the text of the
Paragraphs of this Assignment are inserted only for convenience of reference and shall not constitute a part of this Assignment, nor shall they in any way affect its meaning, construction or effect. 

15. Termination of Assignment. Upon payment in full of the indebtedness described in Paragraph 2, this Assignment shall terminate
and be void and of no force or effect, and Assignee shall release its lien on the Rents and Leases without costs or expenses to Assignee, Assignor hereby agreeing to reimburse Assignee for such costs and expenses. 

16. Choice of Law. The validity and interpretation of this Assignment shall be construed in accordance with the laws (excluding
conflicts of laws rules) of the State of             . 
 17.
Event of Default. The occurrence of any one or more of the following events shall constitute an event of default hereunder (“Event of Default”): (i) the failure of Assignor to make any payment due hereunder within ten
(10) days after the same shall fall due, (ii) default shall be made in the due observance or performance of any of the other covenants, agreements or conditions hereinbefore or hereinafter contained, required to be kept or performed or
observed by the Assignor which does not relate to the nonpayment of any monetary sum, and such default is not cured within thirty (30) days following written notice thereof by Assignee to Assignor or such longer period as is reasonably
necessary to cure such default as long as Assignor is diligently pursuing such cure and such default is curable by Assignor within a reasonable time provided that such additional time shall not exceed thirty (30) days (for an aggregate sixty
(60) day period), or (iii) the occurrence of any breach, default, event of default, or failure of performance (however denominated) under the Note, the Security Deed or any of the other Loan Documents, and the expiration of any applicable
cure period without the same having been cured. Any Event of Default hereunder shall constitute a default under each and all of the other Loan Documents. 
 18. Exculpatory. The liability of Assignor personally to pay the Note or any interest that may accrue thereon, or any indebtedness or obligation accruing or arising hereunder is limited to the
extent set forth in the Note. 

  
 Page 6 of 8

 19. Integration. This Assignment, together with the other Loan Documents,
constitutes the entire agreement between the parties hereto pertaining to the subject matters hereof and supersedes all negotiations, preliminary agreements and all prior or contemporaneous discussions and understandings of the parties hereto in
connection with the subject matters hereof. 
 20. Time of Essence. Time is of the essence in the performance of this
Assignment. 
 21. WAIVER OF JURY TRIAL. THE PARTIES HERETO, AFTER CONSULTING OR HAVING HAD THE OPPORTUNITY TO
CONSULT WITH COUNSEL, KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVE ANY RIGHT THEY MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED ON OR ARISING OUT OF THIS AGREEMENT OR INSTRUMENT, OR ANY RELATED INSTRUMENT OR AGREEMENT, OR ANY OF THE
TRANSACTIONS CONTEMPLATED HEREBY OR ANY COURSE OF CONDUCT, DEALING, STATEMENTS, WHETHER ORAL OR WRITTEN, OR ACTION OF ANY PARTY HERETO. NO PARTY SHALL SEEK TO CONSOLIDATE BY COUNTERCLAIM OR OTHERWISE, ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN
WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. THESE PROVISIONS SHALL NOT BE DEEMED TO HAVE BEEN MODIFIED IN ANY RESPECT OR RELINQUISHED BY ANY PARTY HERETO EXCEPT BY A WRITTEN INSTRUMENT EXECUTED BY ALL
PARTIES. 
 22. Attorney’s fees. Assignor shall pay on demand all costs and expenses incurred by Assignee
in enforcing or protecting its rights and remedies hereunder, including, but not limited to, reasonable attorney’s fees and legal expenses, including, but not limited to, any post judgment fees, costs or expenses incurred on any appeal, in
collection of any judgment or in appearing and/or enforcing any claim in any bankruptcy proceeding. 
 Notwithstanding anything
to the contrary contained herein, all references herein and in any of the Loan Documents to attorneys’ fees shall be deemed to refer to attorneys’ fees actually incurred and not to statutory attorneys’ fees under
                    . 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK, SIGNATURE PAGE FOLLOWS] 

  
 Page 7 of 8

 IN WITNESS WHEREOF, Assignor has caused this instrument to be executed and sealed on the
date set forth in the acknowledgement below, to be effective as of the date first above written, and acknowledges receipt of a copy hereof at the time of execution. 
 Signed, sealed and delivered in the presence of:                     , a Delaware limited
liability company 
  

											
		 		  	By:	  	Strategic Storage Trust, Inc., a Maryland corporation,
	  
	 		  	its Manager
	Unofficial Witness	 		  		  		  		 	
		 		  		  	By:	  	  
	 	(SEAL)
		 		  		  	Name:	  	  
	 	
	  
	 		  		  	Title:	  	  
	 	
	Unofficial Witness	 		  		  		  		 	

 State of California 
 County of
                                        

 On              before me,
                     (insert name and title of officer), personally appeared
                    , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within
instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed
the instrument. 
 I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and
correct. 
 WITNESS my hand and official seal. 
 Signature
                                        
of Notary Public 
 (Notary Seal) 
 [SIGNATURE PAGE TO ASSIGNMENT] 

  
 Page 8 of 8Form of Guaranty of Affiliate Loans

 Exhibit 10.6 

 

			
	  
	 	

 GUARANTY OF AFFILIATE LOANS 

THIS GUARANTY OF AFFILIATE LOANS (this “Guaranty”) dated as of June 10, 2011, made by
                    , a Delaware limited liability company (“Guarantor”) to and for the benefit of ING LIFE INSURANCE AND ANNUITY
COMPANY, a Connecticut corporation (“Lender”). 
 W I T N E S S E T H: 

WHEREAS, Lender is making a loan to Guarantor, on the date hereof, in the amount of
$             (the “Senior Loan”), evidenced by a Promissory Note from Guarantor to Lender in such amount (the “Senior Note”), and secured by, among other things,
a Deed to Secure Debt and Security Agreement (the “Senior Security Instrument”), an Assignment of Rents and Leases, a Security Agreement, UCC Financing Statements and a Limited Guaranty relating to certain carveout obligations set forth in
the Senior Note (all such documents evidencing or securing the Senior Loan being referred to herein as the “Senior Loan Documents”); and 
 WHEREAS, Lender has agreed to make loans to affiliates of Guarantor, as described on Exhibit A, attached hereto (the “Affiliate Loans”), and as further described in a Loan Agreement dated as of
the date hereof (the “Loan Agreement”). 
 WHEREAS, the maker of each Promissory Note evidencing the foregoing
Affiliate Loans is referred to herein individually as the “Affiliate Borrower” and collectively as the “Affiliate Borrowers”; 
 WHEREAS, the Affiliate Loans are each evidenced by a Promissory Note made by the Affiliate Borrower to Lender dated on or about this same date (as the same may be extended, renewed, refinanced, refunded,
amended, modified or supplemented from time to time, the “Affiliate Notes”); 
 WHEREAS, the Affiliate Notes are each
to be secured by, among other things, a mortgage, deed of trust or deed to secure debt on the property referred to below (as the same may be amended, modified or supplemented from time to time, the “Affiliate Security Instruments”), and an
Assignment of Rents and Leases with respect to the property (as the same may be amended, modified or supplemented from time to time, the “Affiliate Assignments”), of even date herewith as further described in Exhibit C to the Loan
Agreement; 
 WHEREAS, the Affiliate Notes, Affiliate Security Instruments, Affiliate Assignments and other loan documents
evidencing or securing the Affiliate Loans are collectively called the “Affiliate Loan Documents” and create first liens and first priority security interests in the realty and personalty of the Affiliate Borrower as therein described;

 WHEREAS, Guarantor derives material benefits from the contemplated uses of the proceeds of the Affiliate Loans, and Guarantor
desires that Lender make the Affiliate Loans; 
 WHEREAS, Guarantor acknowledges receipt of copies of the Affiliate Loan
Documents; 
 WHEREAS, Guarantor has executed and delivered as security for its obligations under this Guaranty a “Junior
Deed to Secure Debt and Security Agreement” (the “Junior Security Instrument”). The Junior Security Instrument conveys security title in Guarantor’s real estate and creates a security interest in the personalty as described in
the Junior Security Instrument (“Guarantor’s Premises”) subordinate and inferior to the security title and security interest created by the Senior Security Instrument, as defined above; 

WHEREAS, Guarantor has agreed, on a non-recourse basis except only as otherwise expressly set forth in this Guaranty, to secure the
payment and performance of the Affiliate Loans to the extent of Guarantor’s Premises; and 
 WHEREAS, the execution and
delivery by Guarantor of this Guaranty is a condition to Lender’s obligation to make the Affiliate Loans to the Affiliate Borrowers. 

  
 Page 1 of 8

 NOW, THEREFORE, in consideration of the premises and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged by Guarantor, and intending to be legally bound, Guarantor hereby agrees as follows: 
 ARTICLE I 
 GUARANTY 

1.01. Guarantied Obligations. Subject to the limitations of Section 1.01A below, Guarantor hereby unconditionally and
irrevocably guaranties to Lender the due, punctual and full payment of the Indebtedness (as defined in the Affiliate Security Instruments) and performance by the Affiliate Borrowers under the Affiliate Notes and the Affiliate Loan Documents, and
covenants with Lender to duly, punctually and fully pay and perform the Affiliate Notes and the Affiliate Loan Documents, and be fully liable to Lender therefor (collectively, the “Guarantied Obligations”). 

1.01A. Limited Recourse. Anything to the contrary in this Guaranty notwithstanding, Lender’s sole and exclusive source of
satisfaction of the Guarantied Obligations is limited to the Guarantor’s Premises, together with the rents, income, issues, proceeds and profits arising therefrom, and Guarantor shall have no personal liability with respect to the Guarantied
Obligations. Subject to the liens and security interests created by the Junior Security Instrument as to the Guarantor’s Premises, Guarantor has no personal liability hereunder to pay the Affiliate Notes or any of the Guarantied Obligations or
to pay or perform the obligations of the Affiliate Loan Documents such that no deficiency judgment shall be entered against Guarantor in the event the proceeds from the sale of the real estate and other collateral realized by Lender upon foreclosure
of the liens and security interests created by the Junior Security Instrument are insufficient to pay the Guarantied Obligations. This Guaranty is entered into for the express purpose of providing an independent obligation of Guarantor with respect
to the Affiliate Notes, and Guarantor’s obligations hereunder shall be in addition to, and independent of, those obligations of Affiliate Borrowers under the Affiliate Notes. 

1.02. Guaranty Unconditional. Until such time as this Guaranty shall terminate as provided herein, the obligations of Guarantor as
provided and limited by this Guaranty are continuing, absolute and unconditional, irrespective of any circumstance whatsoever which might otherwise constitute a legal or equitable discharge or defense of a guarantor or surety. Without limiting the
generality of the foregoing, the obligations of Guarantor hereunder shall remain in full force and effect without regard to, and shall not be released, discharged or in any way affected by: 

(a) any amendment, modification or supplement to the Affiliate Security Instruments, the Affiliate Notes or any of the other Affiliate
Loan Documents; 
 (b) any exercise or nonexercise of or delay in exercising any right, remedy, power or privilege under or in
respect of this Guaranty, any Affiliate Loan Documents, the Junior Security Instrument, or any other loan document entered into by Guarantor or Affiliate Borrowers with or in favor of Lender (even if any such right, remedy, power or privilege shall
be lost thereby), or any waiver, consent, indulgence or other action or inaction in respect thereof; 
 (c) any bankruptcy,
reorganization, insolvency, arrangement, composition, assignment for the benefit of creditors or similar proceeding commenced by or against Affiliate Borrower or Guarantor or any discharge, limitation, modification or release of liability of
Affiliate Borrower or Guarantor by virtue of such proceedings; 
 (d) any failure to perfect or continue perfection of, or any
release or waiver of, rights given to Lender in any property owned by Affiliate Borrowers as security for the performance of any of the obligations under any of the Affiliate Loan Documents; 

(e) any extension of time for payment or performance of any of the obligations under the Affiliate Loan Documents; 

  
 Page 2 of 8

 (f) the genuineness, validity or enforceability of the Affiliate Loan Documents; 

(g) any limitation of liability of Affiliate Borrowers, or of any or all of the holders of ownership interests in Affiliate Borrowers,
contained in any of the Affiliate Loan Documents; 
 (h) any defense that may arise by reason of the failure of Lender to file
or enforce a claim against the estate of any Affiliate Borrower in any bankruptcy or other proceeding; 
 (i) any voluntary or
involuntary liquidation, dissolution, sale of all or substantially all of the property of, or any marshaling of assets and liabilities or other similar proceeding affecting, Affiliate Borrowers or Guarantor or any of its assets; 

(j) the release of any Affiliate Borrower, or Guarantor, from performance or observance of any of the agreements, covenants, terms or
conditions contained in the Affiliate Loan Documents by operation of law; 
 (k) the failure of Lender to keep Guarantor advised
of any Affiliate Borrower’s financial condition, regardless of the existence of any duty to do so but not in any way implying any obligation contractual or otherwise to do so; 

(l) any sale or other transfer of any of the property owned by Affiliate Borrower, or any part thereof, or any foreclosure by Lender on
any such property of Affiliate Borrower or any part thereof; 
 (m) any counterclaim, recoupment, set-off, reduction or defense
used in any claim Guarantor may assert or now or hereafter have against the Lender, Affiliate Borrower or Guarantor; or 
 (n)
any other circumstances which might otherwise constitute a legal or equitable discharge of a guarantor or surety. 
 No set-off,
claim, reduction or diminution of any obligation, or any defense of any kind or nature which any Affiliate Borrower or Guarantor now has or hereafter may have against Lender, shall be available hereunder to Guarantor against Lender. Guarantor
acknowledges that Lender may agree that it shall not in any foreclosure proceeding in respect of all or any portion of any property owned by any Affiliate Borrower seek or obtain a deficiency judgment against any Affiliate Borrower, and that the
obligations of Guarantor shall in no way be diminished or otherwise affected by the failure to seek or obtain a deficiency judgment. 
 1.03. No Notice or Duty to Exhaust Remedies. Guarantor hereby waives diligence, presentment, demand, protest, acceptance of this Guaranty, and all notices of any kind, and waives any requirement
that Lender exhaust any right or remedy, or proceed first or at any time, against any Affiliate Borrower or any other guarantor of, or any security for, any of the Guarantied Obligations. This Guaranty constitutes an agreement of suretyship as well
as of guaranty, and Lender may pursue its rights and remedies under this Guaranty and under the Affiliate Loan Documents in whatever order, or collectively, as Lender may elect, and shall be entitled to payment and performance hereunder
notwithstanding such other Affiliate Loan Documents and notwithstanding any action taken by Lender or inaction by Lender to enforce any of its rights or remedies against any other guarantor or any other person or property whatsoever. 

1.04. Waiver of Subrogation. Notwithstanding any payments made or obligations performed by Guarantor by reason of this Guaranty
(including but not limited to application of funds on account of such payments or obligations), Guarantor hereby irrevocably waives and releases any and all rights it may have at any time (whether arising directly or indirectly, by operation of law,
contract or otherwise) (a) to assert any claim against Affiliate Borrowers or any other person, or against any direct or indirect security, on account of payments made or obligations performed under or pursuant to this Guaranty, including
without limitation any and all rights of subrogation, reimbursement, exoneration, contribution or indemnity, or (b) to require the marshaling of any assets of Affiliate Borrowers, which right of marshaling might otherwise arise from payments
made or obligations performed under or pursuant to this Guaranty, and any and all rights that would result in Guarantor being deemed a “creditor” under the United States Bankruptcy Code of any Affiliate Borrower or any other person.

  
 Page 3 of 8

 1.05. Subordination of Indebtedness. Guarantor agrees that all indebtedness of
Affiliate Borrower to Guarantor, whether now existing or hereafter created, direct or indirect, contingent, joint, several, independent, due or to become due, or held or to be held by Guarantor, whether created directly or acquired by assignment or
otherwise (the “Subordinated Indebtedness”), be and hereby is expressly subordinated and junior in right of payment to all of the Guarantied Obligations. Until the Affiliate Loans are repaid in full, Guarantor shall take no action to
enforce payment of any Subordinated Indebtedness by any Affiliate Borrower (provided, however, that so long as there is no Event of Default under any of the Affiliate Loan Documents, Affiliate Borrowers shall not be prohibited from paying
Subordinate Indebtedness owing to Guarantor in the ordinary course of any Affiliate Borrower’s business). 
 1.06.
Waivers. The Guarantor hereby waives (a) notice of the execution and delivery of any of the Affiliate Loan Documents, (b) notice of the creation of any of the Guarantied Obligations, (c) notice of the Lender’s acceptance
of and reliance on this Guaranty, (d) presentment and demand for payment of the Guarantied Obligations and notice of non-payment and protest of non-payment of the Guarantied Obligations, (e) any notice from the Lender of the financial
condition of any Affiliate Borrower regardless of the Lender’s knowledge thereof, (f) demand for observance, performance or enforcement of, or notice of default under, any of the provisions of this Guaranty or any of the Affiliate Loan
Documents, and all other demands and notices otherwise required by law which the Guarantor may lawfully waive, excepting therefrom notices which are expressly required by the Affiliate Loan Documents, if any, (g) any right or claim to cause a
marshaling of the assets of any Affiliate Borrower or Guarantor, and (h) any defense at law or in equity on the adequacy or value of the consideration for this Guaranty. Guarantor further expressly waives any rights under or arising out of
                    . Guarantor hereby waives and relinquishes any duty on the part of the Lender (should any such duty exist) to
disclose to such or any other guarantor any matter of fact or other information related to the business, operations or condition (financial or otherwise) of the Borrower or its properties or to any Loan Document or the transactions undertaken
pursuant to, or contemplated by, any such Loan Document, whether now or in the future known by the Lender. 
 1.07.
Consents. Without notice to, or further consent of, the Guarantor, the Guarantor hereby consents that the Lender may at any time and from time to time on one or more occasions (a) renew, extend, accelerate, subordinate, change the time
or manner of payment or performance of, or otherwise deal with in any manner satisfactory to the Lender any of the terms and provisions of, all or any part of the Guarantied Obligations, (b) waive, excuse, release, change, amend, modify or
otherwise deal with in any manner satisfactory to the Lender any of the provisions of any of the Affiliate Loan Documents, (c) release any Affiliate Borrower or the Guarantor, (d) waive, omit or delay the exercise of any of its powers,
rights and remedies against Affiliate Borrower or the Guarantor or any collateral and security for all or any part of the Guarantied Obligations, (e) release, substitute, subordinate, add, fail to maintain, preserve or perfect any of its liens
on, security interests in or rights to, or otherwise deal with in any manner satisfactory to the Lender, any collateral and security for all or any part of the Guarantied Obligations, and/or the Indebtedness as defined under the Affiliate Notes or
the obligations under the Affiliate Security Instruments or other Affiliate Loan Documents, (f) apply any payments of all or any of the Guarantied Obligations received from Borrower or Guarantor, or any other party or source whatsoever, to the
Guarantied Obligations in such order and manner as the Lender in its sole and absolute discretion may determine, or (g) take or omit to take any other action, whether similar or dissimilar to the foregoing which may or might in any manner or to
any extent vary the risk of the Guarantor or otherwise operate as a legal or equitable discharge, release or defense of the Guarantor under applicable laws. 
 ARTICLE II 
 REPRESENTATIONS AND COVENANTS 

2.01. Representations. Guarantor hereby represents to Lender that: 

(a) Guarantor will receive a material benefit and advantage from the making of the Affiliate Loan. 

(b) Guarantor has full power and authority to enter into this Guaranty, and the execution, delivery, and performance of this Guaranty
does not violate any judgment or order of any court, agency or other governmental body by which Guarantor is bound, or any Certificate or Articles of Organization, Operating Agreement, Limited

  
 Page 4 of 8

 
Liability Company Agreement or other charter, organizational or governing document of Guarantor, and does not violate or constitute any default under any agreement or instrument by which
Guarantor is bound. 
 ARTICLE III 
 DEFAULTS AND REMEDIES 
 3.01. Event of Default. The occurrence of
any one or more of the following events shall constitute an Event of Default under the provisions of this Guaranty, and the term “Event of Default” as used in this Guaranty shall mean the occurrence of any one or more of the following
events: (a) the failure of the Guarantor to pay or perform all or any part of the Guarantied Obligations to be paid or performed by the Guarantor under the provisions of Section 1.01 of this Guaranty within ten (10) days after written
demand therefor, subject to the limitations of Section 1.01A hereof, (b) any representation or warranty made herein or any financial statement or other information furnished by the Guarantor pursuant hereto shall prove to have been false
or misleading in any material respect on the date as of which the same was made or furnished, (c) the commencement or filing of any proceedings by or against the Guarantor or any of the Guarantor’s assets or properties under the provisions
of any bankruptcy, reorganization, arrangement, insolvency, receivership, liquidation or similar law for the relief of debtors, and, except with respect to any such proceedings instituted by the Guarantor, are not discharged within ninety
(90) days of their commencement. 
 3.02. Rights and Remedies. Upon the occurrence of an Event of Default under the
provisions of this Guaranty, an amount equal to the total of the Guarantied Obligations then outstanding (whether matured or unmatured and regardless of whether any portion of such Guarantied Obligations are then due and payable by any Affiliate
Borrower) shall immediately and automatically be due and payable by the Guarantor to the Lender without further action by, or notice of any kind from, the Lender unless expressly provided for herein, and the Lender may at any time and from time to
time thereafter exercise any powers, rights and remedies available to the Lender under the provisions of this Guaranty, the Junior Security Instrument and applicable laws to enforce and collect the Guarantied Obligations from the Guarantor’s
Premises pursuant to the foreclosure or otherwise, all such powers, rights and remedies being cumulative and enforceable alternatively, successively or concurrently. Guarantor’s Obligations shall include the amount of any and all costs and
expenses, including, without limitation, court costs and reasonable attorney’s fees and expenses, paid or incurred by or on behalf of the Lender in exercising any such powers, rights and remedies, together with interest thereon from the date
due until paid in full at the Default Rate (as defined in the Affiliate Notes). Each and every Event of Default hereunder shall give rise to a separate cause of action hereunder, and separate actions may be brought hereunder as each cause of action
arises. No failure or delay by the Lender in one or more instances to require strict performance by the Guarantor of any of the provisions hereof or to exercise any powers, rights or remedies available to it under the provisions of this Guaranty,
the Affiliate Loan Documents or applicable laws shall operate as a waiver thereof or preclude the Lender at any later time or times from demanding strict performance thereof or exercising any such powers, rights or remedies. No conduct, custom or
course of dealing shall be effective to waive, amend, modify or release this Guaranty. No modification or waiver of any of the provisions of this Guaranty shall be effective unless it is in writing and signed by the Lender, and any such waiver shall
be effective only in the specific instance and for the specific purpose for which it is given. 
 3.03. Effect Of Bankruptcy
Proceedings. This Guaranty shall continue to be effective, or be automatically reinstated, as the case may be, if at any time payment, in whole or in part, of any of the Guarantied Obligations is rescinded or must otherwise be restored or
returned by Lender as a preference, fraudulent conveyance or otherwise under any bankruptcy, insolvency or similar law, all as though such payment had not been made. If an Event of Default at any time shall have occurred and be continuing or exist
and declaration of default or acceleration under or with respect to any of the Affiliate Loan Documents shall at such time be prevented by reason of the pendency against any Affiliate Borrower of a case or proceeding under any bankruptcy or
insolvency law, Guarantor agrees that, for purposes of this Guaranty and its obligations hereunder, such Affiliate Loan Documents shall be deemed to have been declared in default or accelerated with the same effect as if such Affiliate Loan
Documents had been declared in default and accelerated in accordance with the terms thereof. 

  
 Page 5 of 8

 ARTICLE IV 
 MISCELLANEOUS 
 4.01. Further Assurances. From time to time upon the
request of Lender, Guarantor shall promptly and duly execute, acknowledge and deliver any and all such further instruments and documents as Lender may deem necessary or desirable to confirm this Guaranty, to carry out the purpose and intent hereof
or to enable Lender to enforce any of its rights hereunder. 
 4.02. Amendments, Waivers, Etc. This Guaranty cannot be
amended, modified, waived, changed, discharged or terminated except by an instrument in writing signed by the party against whom enforcement of such amendment, modification, waiver, change, discharge or termination is sought. 

4.03. No Implied Waiver; Cumulative Remedies. No course of dealing and no delay or failure of Lender in exercising any right,
power or privilege under this Guaranty or any Affiliate Loan Documents shall affect any other or future exercise thereof or exercise of any other right, power or privilege; nor shall any single or partial exercise of any such right, power or
privilege or any abandonment or discontinuance of steps to enforce such a right, power or privilege preclude any further exercise thereof or of any other right, power or privilege. The rights and remedies of Lender under this Guaranty are cumulative
and not exclusive of any rights or remedies which Lender would otherwise have under the Affiliate Loan Documents, at law or in equity. 
 4.04. Notices. (a) All notices, demands, requests, and other communications desired or required to be given hereunder (“Notices”), shall be in writing and shall be given by:
(i) hand delivery to the address for Notices; (ii) delivery by overnight courier service to the address for Notices; or (iii) sending the same by United States mail, postage prepaid, certified mail, return receipt requested, addressed
to the address for Notices. 
 (b) All Notices shall be deemed given and effective upon the earlier to occur of: (i) the
hand delivery of such Notice to the address for Notices; (ii) one business day after the deposit of such Notice with an overnight courier service by the time deadline for next day delivery addressed to the address for Notices; or
(iii) three business days after depositing the Notice in the United States mail as set forth in (a)(iii) above. All Notices shall be addressed to the following addresses: 

 

					
	Guarantor:	  	  
	  	
		  	c/o Strategic Storage Trust, Inc.	  	
		  	111 Corporate Drive, Suite 120	  	
		  	Ladera Ranch, CA 92694	  	
		  	Attn: H. Michael Schwartz	  	
		
	With a copy to:	  	Mastrogiovanni Schorsch and Mersky, P.C.
		  	2001 Bryan Street, Suite 1250	  	
		  	Dallas, Texas 75201	  	
		  	Attn: Charles Mersky, Esq.	  	
		
	Lender:	  	ING Life Insurance and Annuity Company
		  	c/o ING Investment Management LLC
		  	5780 Powers Ferry Road, NW, Suite 300
		  	Atlanta, Georgia 30327-4349	  	
		  	Attention: Mortgage Loan Servicing Department
			
		  	 and
	  	
		
		  	ING Investment Management LLC
		  	5780 Powers Ferry Road, NW, Suite 300
		  	Atlanta, Georgia 30327-4349	  	
		  	Attention: Real Estate Law Department

  
 Page 6 of 8

					
	With a copy to:	  	Nyemaster Goode, P.C.	  	
		  	700 Walnut, Suite 1600	  	
		  	Des Moines, Iowa 50309	  	

 or to such other persons or at such other place as any party hereto may by Notice designate as a place for service of
Notice. Provided, that the “copy to” Notice to be given as set forth above is a courtesy copy only; and a Notice given to such person is not sufficient to effect giving a Notice to the principal party, nor does a failure to give such a
courtesy copy of a Notice constitute a failure to give Notice to the principal party. 
 4.05. Expenses. Guarantor’s
obligations hereunder include the obligation to save Lender harmless against liability for the payment of all out-of-pocket expenses, including reasonable fees and expenses of counsel for Lender, incurred by Lender from time to time arising in
connection with Lender’s enforcement or preservation of rights under this Guaranty, including but not limited to such expenses as may be incurred by Lender in connection with any default by Guarantor of any of its obligations hereunder.

 Notwithstanding any provision to the contrary in this Guaranty, any agreement to indemnify herein contained shall not extend
to liability, claims, damages, losses or expenses, including attorney’s fees, arising out of: 
 (i) The
preparation or approval of maps, drawings, opinions, reports, surveys, change orders, designs or specifications by the Lender or the agents or the employees of the Lender; or 

(ii) The giving or the failure to give directions or instructions by the Lender, or the agents or the employees of the
Lender, where such giving or failure to give directions is a primary cause to bodily injury to persons or damage to property. 

4.06. Continuing Agreement. This Guaranty shall be a continuing one and shall be binding upon the Guarantor regardless of how long
before or after the date hereof any of the Guarantied Obligations were or are incurred, and all representations, warranties, covenants, undertakings, obligations, consents, waivers and agreements of the Guarantor herein shall survive the date of
this Guaranty and shall continue in full force and effect until all Guarantied Obligations have been indefeasibly paid in full and no commitments therefor are outstanding. 
 4.07. Jurisdiction. Guarantor after consultation with counsel irrevocably (a) agrees that Lender may bring suit, action or other legal proceedings arising out of this Guaranty in the courts of
the State of             , or the United States District Court in the federal judicial district in which the Guarantor’s Premises is located; (b) consents to the
jurisdiction of each such court in any such suit, action or proceeding; (c) consents to service of process in any such suit, action, or proceeding by the mailing of copies of such process to the Guarantor by certified or regular mail at the
notice address provided herein; (d) waives any objection which such Guarantor may have to the laying of the venue of any such suit, action or proceeding in any of such courts; and (e) waives any right such Guarantor may have to a jury
trial in connection with any such suit, action or proceeding. 
 4.08. Severability. If any term or provision of this
Guaranty or the application thereof to any person or circumstance shall to any extent be invalid or unenforceable, the remainder of this Guaranty, or the application of such term or provision to persons or circumstances other than those as to which
it is invalid or unenforceable, shall not be affected thereby, and each term and provision of this Guaranty shall be valid and enforceable to the fullest extent permitted by law. 

4.09. Counterparts. This Guaranty may be executed in any number of counterparts and by the different parties hereto on separate
counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument. 
 4.10. Governing Law. This Guaranty shall be governed by, and construed in accordance with, the laws (excluding conflicts of laws rules) of the State of
            . 
 4.11. Successors and Assigns. This
Guaranty shall bind Guarantor and its heirs, executors, successors and assigns, and shall inure to the benefit of Lender and its successors and assigns. 

  
 Page 7 of 8

 4.12. Time is of the Essence. Time is of the essence in connection with all
obligations of the Guarantor hereunder. 
 4.13. Assignment. The Lender may, without notice or consent to Guarantor,
assign or transfer all or any part of the Guarantied Obligations and this Guaranty will inure to the benefit of Lender’s assignee or transferee; provided that the Lender shall continue to have the unimpaired right to enforce this Guaranty as to
that part of the Guarantied Obligations the Lender has not assigned or transferred. In connection with any such assignment, transfer, or the grant of any participation in all or a part of the Guarantied Obligations, the Lender may divulge to any
potential or actual assignee, transferee or participant all reports, financial or other information and documents furnished or executed in connection with this Guaranty. 
 4.14. WAIVER OF JURY TRIAL. GUARANTOR, AND BY ACCEPTANCE HEREOF, LENDER, AFTER CONSULTING OR HAVING HAD THE OPPORTUNITY TO CONSULT WITH COUNSEL, KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY
WAIVES ANY RIGHT GUARANTOR MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED ON OR ARISING OUT OF THIS AGREEMENT OR INSTRUMENT, OR ANY RELATED INSTRUMENT OR AGREEMENT, OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR ANY COURSE OF CONDUCT,
DEALING, STATEMENTS, WHETHER ORAL OR WRITTEN, OR ACTION OF ANY PARTY HERETO. GUARANTOR AND LENDER SHALL NOT SEEK TO CONSOLIDATE BY COUNTERCLAIM OR OTHERWISE, ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY
TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. THESE PROVISIONS SHALL NOT BE DEEMED TO HAVE BEEN MODIFIED IN ANY RESPECT OR RELINQUISHED BY ANY PARTY HERETO EXCEPT BY A WRITTEN INSTRUMENT EXECUTED BY ALL PARTIES. 

4.15. Acknowledgment. The undersigned further acknowledge having received advice from legal counsel to the undersigned as to the
nature and extent of all waivers set forth in this Guaranty. 
 4.16. Attorney Fees. Notwithstanding anything to the
contrary contained herein, all references herein and in any of the Loan Documents to attorneys’ fees shall be deemed to refer to attorneys’ fees actually incurred and not to statutory attorneys’ fees under
            . 
 IN WITNESS WHEREOF, Guarantor has duly
executed and delivered this Guaranty as of the date first above written. 
  

							
	                    , a Delaware limited liability
company
		
	By:	 	Strategic Storage Trust, Inc., a Maryland corporation, its Manager
				
		 	By:	 	  
	 	(SEAL)
		 	Name:	 	  
	 	
		 	Title:	 	  
	 	

  
 Page 8 of 8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}]]