Document:

EXHIBIT 10.2

 Exhibit 10.2 
 DUPONT FABROS TECHNOLOGY, INC. 
 Stock Award Agreement 
 THIS STOCK AWARD AGREEMENT (the “Agreement”), effective as of the ____ day of ________________, 2008, governs the Stock Award granted by DUPONT FABROS
TECHNOLOGY, INC., a Maryland corporation (the “Company”), to _______________ (the “Participant”), in accordance with and subject to the provisions of the Company’s 2007 Equity Compensation Plan (the “Plan”). A copy
of the Plan has been made available to the Participant. All terms used in this Agreement that are defined in the Plan have the same meaning given them in the Plan. 
 1.     Grant of Awards. In accordance with the Plan, and effective as of ___________ (the “Date of Grant”), the Company granted to the Participant, subject to the terms and conditions of the Plan and
this Agreement, a Stock Award of __________ shares of Common Stock (the “Stock Award”). 
 2.     Vesting. The
Participant’s interest in the shares of Common Stock covered by the Stock Award shall become vested and nonforfeitable to the extent provided in paragraphs (a), (b), (c) or (d) below. 
 (a)    Continued Employment. The Participant’s interest in __________ of the shares of Common Stock covered by the Stock
Award shall become vested and nonforfeitable on _______________, if the Participant remains in the continuous employ of the Company or an Affiliate from the Date of Grant until _______________. The Participant’s interest in an additional
__________ shares of Common Stock covered by the Stock Award shall become vested and nonforfeitable on _______________, if the Participant remains in the continuous employ of the Company or an Affiliate from the Date of Grant until _______________.
The Participant’s interest in the remaining __________ shares of Common Stock covered by the Stock Award shall become vested and nonforfeitable on _______________, if the Participant remains in the continuous employ of the Company or an
Affiliate from the Date of Grant until _______________. 
 (b)    Termination Without Cause. The
Participant’s interest in all of the shares of Common Stock covered by the Stock Award (if not sooner vested), shall become vested and nonforfeitable on the date that the Participant’s employment with the Company and its Affiliates is
terminated if (i) the Participant’s employment is terminated by the Company or an Affiliate for a reason other than Cause or the Participant’s death or disability and (ii) the Participant remains in the continuous employ of the
Company or an Affiliate from the Date of Grant until the date of such termination. 
 (c)    Death or Disability.
The Participant’s interest in all of the shares of Common Stock covered by the Stock Award (if not sooner vested), shall become vested and nonforfeitable on the date that the Participant’s employment with the Company and its Affiliates is
terminated if (i) the Participant’s employment is terminated on account of the Participant’s death or permanent and total disability (as defined in Code section 

  

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22(e)(3) and (ii) the Participant remains in the continuous employ of the Company or an Affiliate from the Date of Grant until the date of such
termination. 
 (d)    Change in Control. The Participant’s interest in all of the shares of Common Stock
covered by the Stock Award (if not sooner vested), shall become vested and nonforfeitable on a Control Change Date if the Participant remains in the continuous employ of the Company or an Affiliate from the Date of Grant until the Control Change
Date. 
 Except as provided in this Section 2, any shares of Common Stock covered by the Stock Award that are not vested and nonforfeitable on or before
the date of the Participant’s termination of employment with the Company and its Affiliates shall be forfeited on the date that such employment terminates. 
 3.    Cause. For the purpose of this Agreement, the term “Cause” shall mean Participant’s (a) conviction of, or plea of nolo contendre to, a felony or a crime involving moral turpitude,
(b) willful commission of any act of theft, fraud, embezzlement or misappropriation involving the Company or an Affiliate or (c) willful and continued failure to substantially perform the Participant’s duties to the Company and its
Affiliates (other than failures resulting from the Participant’s incapacity due to physical illness or injury or mental illness), which failure is not remedied within 30 calendar days after written demand for substantial performance is
delivered by the Company or an Affiliate which specifically identifies the manner in which the Company or Affiliate believes that the Participant has not substantially performed the Participant’s duties. 
 4.    Transferability. Shares of Common Stock covered by the Stock Award that have not become vested and nonforfeitable under Section 2
cannot be transferred. The shares of Common Stock covered by the Stock Award may be transferred, subject to the requirements of applicable securities laws, after they become vested and nonforfeitable under Section 2. 
 5.    Shareholder Rights. On and after the Date of Grant and prior to their forfeiture, the Participant shall have all of the rights as
shareholder of the Company with respect to the shares of Common stock covered by the Stock Award, including the right to vote the shares and to receive, free of all restrictions, all dividends on the shares. Notwithstanding the preceding sentence,
any shares of Common Stock issued with respect to the Common Stock covered by the Stock Award in a stock dividend, stock split, etc., shall be vested and transferable to the extent that this Stock Award has become vested and transferable under
Section 2. 
 6.    Withholding. The Participant and the Company shall make arrangements acceptable to the Company for the
satisfaction of any federal, state and local tax withholding requirements associated with the Stock Award. 
 7.    No Right to
Continued Employment. The grant of the Stock Award does not give the Participant any right with respect to continuance of employment by the Company or 

  

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an Affiliate, nor shall it interfere in any way with the right of the Company or an Affiliate to terminate his employment at any time. 
 8.    Custody of Certificate; Stock Power. The certificate evidencing the shares of Common Stock covered by the Stock Award (and any shares
issued with respect to those shares) shall be held by, or on behalf of, the Company until the shares are vested and transferable under Section 2. The Participant hereby appoints the Company’s Secretary or his or her successor, as the true
and lawful attorney of the Participant, to endorse and execute for and in the name and stead of the Participant any certificates evidencing the shares of Common Stock covered by the Stock Award (and any shares issued with respect to those shares)
that are forfeited under Section 2. 
 9.    Governing Law. This Agreement shall be governed by the laws of the State of
Maryland. 
 10.    Conflicts. In the event of any conflict between the provisions of the Plan as in effect on the Date of Grant
and this Agreement, the provisions of the Plan shall govern. All references herein to the Plan shall mean the Plan as in effect on the Date of Grant. 
 11.    Participant Bound by Plan. The Participant hereby acknowledges that a copy of the Plan has been made available to him and agrees to be bound by all the terms and provisions of the Plan. 
 12.    Binding Effect. Subject to the limitations stated above and in the Plan, this Agreement shall be binding upon the Participant and his
or her successors in interest and the successors of the Company. 
 IN WITNESS WHEREOF, the Company and the Participant have executed this
Agreement effective as of the date set forth above. 
  

									
	DUPONT FABROS TECHNOLOGY, INC.	 		 		 	[PARTICIPANT]
					
	By:	 	 	 		 		 	 
	 Name:
 Title:
	 		 		 		 	

  

 3Schedule 1 to Form of Non Qualified Stock Option Agreement

 Exhibit 10.1 
 Schedule 1 
 EBIT Targets 
 (in millions) 
  

							
	 Year
	  	Annual EBIT
Target	  	Cumulative EBIT
Target
	 2009
	  	$	815.5	  	 	N.A.
	 2010
	  	$	886.0	  	$	1,701.5
	 2011
	  	$	953.0	  	$	2,654.5
	 2012 (the “Final Fiscal Year”)
	  	$	1,008.9	  	$	3,663.4

 EBIT shall mean for any Fiscal Year, net income increased by (i) net interest expense and (ii) the
provision for income taxes; all determined in accordance with U.S. generally accepted accounting principles (GAAP) consistently applied on a consolidated basis. For this purpose EBIT shall: 
  

	a)	Exclude any extraordinary gains or losses, cumulative effect of a change in accounting principle, income or loss from disposed or discontinued operations and any gains or losses on
disposed or discontinued operations, all as determined in accordance with GAAP. 

  

	b)	Exclude any gain or loss greater than $2 million attributable to asset dispositions, contract terminations and similar items, provided that losses on contract terminations and asset
dispositions in connection with client contract terminations shall be limited in any given Fiscal Year to $5 million. 

  

	c)	Exclude any increase in amortization or depreciation resulting from the application of purchase accounting to the Transaction, including the current amortization of existing
acquired intangibles. 

  

	d)	Exclude any gain or loss from the early extinguishment of indebtedness including any hedging obligations or other derivative instrument. 

  

	e)	Exclude any impairment charge or similar asset write off required by GAAP. 

  

	f)	Exclude any non cash compensation expense resulting from the application of SFAS No. 123R or similar accounting requirements. 

  

	g)	Exclude any expenses or charges related to any equity offering, acquisition, disposition, recapitalization, refinancing or similar transaction, including the Transaction.

  

	h)	Exclude any transaction, management, monitoring, consulting, advisory and related fees and expenses paid or payable to the Sponsor Stockholders. 

  

	i)	Exclude the effects of changes in foreign currency translation rates from such rates used in the calculation of the EBIT Targets. 

  

	j)	Exclude the impact that the 53rd week of operations will have on the Company’s financial results during Fiscal 2008. 

 The final EBIT calculation for any Fiscal Year will be subject to review and approval by the Committee. 
 The EBIT Targets shall be adjusted for acquisitions as follows: 
  

	 	a)	 For acquisitions having purchase consideration of less than $20 million each, there shall be no adjustment until the aggregate consideration for all such
acquisitions exceeds $20 million in any 

	 	 
Fiscal Year and then the EBIT Targets shall be adjusted to the extent the consideration for all such acquisitions exceeds $20 million. The amount of the
adjustment shall be based on the last twelve months earnings of the acquired business, provided however, that the last twelve months earnings shall be adjusted, if necessary, to reflect the sustainable underlying profitability of the acquired
business. If the purchase consideration for all such acquisitions is less than $20 million in any Fiscal Year, the amount by which $20 million exceeds such aggregate consideration shall be carried forward to future Fiscal Years for purposes of
making this determination under this sub paragraph a). 

  

	 	b)	For acquisitions having purchase consideration of more than $20 million each, the EBIT Targets shall be adjusted based on the pro forma used to approve the acquisition.

 The EBIT Targets will be adjusted for divestitures of a business by the amount of the last twelve months earnings of the divested business.

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