Document:

Exhbiit 10.2

 Exhibit 10.2 
 GUARANTY 
 Property Commonly Known as 
 “Data Center Facilities, ACC5 and ACC6, Ashburn, Virginia” 
 THIS GUARANTY (“Guaranty”) made as of December 2, 2009, by DUPONT FABROS TECHNOLOGY, L.P., a Maryland limited
partnership (“Guarantor”), to and for the benefit of TD BANK, NATIONAL ASSOCIATION (“TD Bank”), a national banking association, as Agent (“Agent”), and TD Bank and the other lenders now or hereafter
a party to the Credit Agreement (as hereinafter defined) (the “Lenders”) (Agent and the Lenders, and their successors and assigns, are hereinafter referred to collectively as the “Credit Parties”). 
 R E C I T A L S 
 A. On or about the date hereof, Fox Properties LLC, a Delaware limited liability company (“Borrower”), Guarantor, Agent and the Lenders entered into that certain Credit Agreement (the
“Credit Agreement”) whereby the Lenders agreed to make a term loan (the “Loan”) available to Borrower in the maximum aggregate amount at any time outstanding not to exceed the sum of One Hundred Fifty Million and
no/100 Dollars ($150,000,000.00), secured by property at 44521 Hastings Drive, Ashburn Corporate Center, Ashburn, Virginia, upon which (i) is located a data center facility of approximately 300,000 gross square feet with a critical load of 36.4
mega volt amps, and (ii) will be located a data center facility of approximately 240,000 gross square feet with a critical load of 31.2 mega volt amps (collectively, the “Property”). Capitalized terms used and not otherwise
defined herein shall have the meanings given to them in the Credit Agreement. 
 B. In connection with the Loan, Borrower has
executed and delivered the Notes in favor of Lenders, payment of which is secured by (i) the Mortgage, and (ii) the other Loan Documents. 
 C. Guarantor will derive material financial benefit from the Loan evidenced and secured by the Notes, the Mortgage and the other Loan Documents. 
 D. The Credit Parties have relied on the statements and agreements contained herein in agreeing to make the Loan. The execution and delivery
of this Guaranty by Guarantor is a condition precedent to the making of the Loan by Lenders. 
 AGREEMENTS

 NOW, THEREFORE, intending to be legally bound, Guarantor, in consideration of the matters described in the foregoing
Recitals, which Recitals are incorporated herein and made a part hereof, and for other good and valuable consideration the receipt and sufficiency of which are acknowledged, hereby covenants and agrees for the benefit of the Credit Parties and their
respective successors, indorsees, transferees, participants and assigns as follows: 
 1. Guarantor, absolutely,
unconditionally, and irrevocably guarantees: 
 (a) subject to the terms of Section 22 below, the full and prompt payment
of the principal of and interest on the Notes when due, whether at stated maturity, upon acceleration or otherwise, and at all times thereafter, and the full and prompt payment of all sums which may now be or may hereafter become due and owing under
the Notes, the Credit Agreement and the other Loan Documents; 

 (b) the full, complete and punctual observance, performance and satisfaction of all of the
other obligations, duties, covenants and agreements of Borrower under the Credit Agreement and the other Loan Documents; and 
 (c) the full and prompt payment of any Enforcement Costs (as hereinafter defined in Section 7 hereof). 
 All amounts due, debts, liabilities, payment obligations and other obligations described in subsections (a) through (c) of this Section 1 are referred to herein as the “Obligations.” 
 2. In the event of any default by Borrower in the payment or performance of the Obligations and the expiration of any applicable cure or
grace period, Guarantor agrees, on demand by Agent or the Credit Parties (which demand may be made concurrently with notice to Borrower that Borrower is in default of its obligations), to pay and perform all the Obligations regardless of any
defense, right of setoff or claims which Borrower or Guarantor may have against any of the Credit Parties. The Credit Parties shall have the right, at their option, either before, during or after commencing foreclosure or sale proceedings, as the
case may be, and before, during or after pursuing any other right or remedy against Borrower or Guarantor, to perform any and all of the Obligations by or through any agent of its selection, all as the Credit Parties in their sole discretion deem
proper, and Guarantor shall indemnify and hold the Credit Parties free and harmless of, and against any and all loss, damage, cost, expense, injury, or liability the Credit Parties may suffer or incur in connection with the exercise of their rights
under this Guaranty or the performance of the Obligations. Furthermore, the Credit Parties shall not have any obligation to protect or insure any collateral for the Loan, nor shall the Credit Parties have any obligation to perfect their security
interest in any collateral for the Loan. 
 All of the remedies set forth herein and/or provided for in any of the Loan
Documents or at law or equity shall be available to the Credit Parties, and the choice by the Credit Parties of one such alternative over another shall not be subject to question or challenge by Guarantor or any other Person, nor shall any such
choice be asserted as a defense, setoff, or failure to mitigate damages in any action, proceeding, or counteraction by the Credit Parties to recover or seeking any other remedy under this Guaranty, nor shall such choice preclude the Credit Parties
from subsequently electing to exercise a different remedy. The parties have agreed to the alternative remedies hereinabove specified in part because they recognize that the choice of remedies in the event of a failure hereunder will necessarily be
and should properly be a matter of good faith business judgment, which the passage of time and events may or may not prove to have been the best choice to maximize recovery by the Credit Parties at the lowest cost to Borrower and/or Guarantor. It is
the intention of the parties that such good faith choice by the Credit Parties be given conclusive effect regardless of such subsequent developments. 
  

 2 

 3. Guarantor hereby agrees that its obligations hereunder shall not be affected or impaired
by, and hereby waives and agrees not to assert or take advantage of any defense based on: 
 (a)(i) any change in the amount,
interest rate or due date or other term of any of the obligations hereby guaranteed, (ii) any change in the time, place or manner of payment of all or any portion of the obligations hereby guaranteed, (iii) any amendment or waiver of, or
consent to the departure from or other indulgence with respect to, the Credit Agreement, any other Loan Document, or any other document or instrument evidencing or relating to any obligations hereby guaranteed, or (iv) any waiver, renewal,
extension, addition, or supplement to, or deletion from, or any other action or inaction under or in respect of, the Credit Agreement, any of the other Loan Documents, or any other documents, instruments or agreements relating to the obligations
hereby guaranteed or any other instrument or agreement referred to therein or evidencing any obligations hereby guaranteed or any assignment or transfer of any of the foregoing; 
 (b) any subordination of the payment of the obligations hereby guaranteed to the payment of any other liability of Borrower or any other
person; 
 (c) any act or failure to act by Borrower or any other Person which may adversely affect Guarantor’s subrogation
rights, if any, against Borrower or any other Person to recover payments made under this Guaranty; 
 (d) any nonperfection or
impairment of any security interest or other lien on any collateral, if any, securing in any way any of the obligations hereby guaranteed or any failure on the part of the Credit Parties to ascertain the extent or nature of any collateral or any
insurance or other rights with respect thereto, or the liability of any party liable under the Loan Documents or the obligations evidenced or secured thereby; 
 (e) any application of sums paid by Borrower or any other Person with respect to the Obligations, regardless of what liabilities of Borrower remain unpaid; 
 (f) any defense of Borrower, including without limitation, the invalidity, illegality or unenforceability of any of the Obligations;

 (g) either with or without notice to Guarantor, any renewal, extension, modification, amendment or any other changes in the
Obligations, including but not limited to any material alteration of the terms of payment or performance of the Obligations; 
 (h) any statute of limitations in any action hereunder or for the collection of the Notes or for the payment or performance of any obligation hereby guaranteed; 
 (i) the incapacity, lack of authority, death or disability of Borrower or any other Person or entity, or the failure of the Credit Parties to file or enforce a claim against the estate (either in
administration, bankruptcy or in any other proceeding) of Borrower or Guarantor or any other Person; 
  

 3 

 (j) the dissolution or termination of existence of Borrower, Guarantor or any other Person;

 (k) the voluntary or involuntary liquidation, sale or other disposition of all or substantially all of the assets of Borrower
or Guarantor or any other Person; 
 (l) the voluntary or involuntary receivership, insolvency, bankruptcy, assignment for the
benefit of creditors, reorganization, assignment, composition, or readjustment of, or any similar proceeding affecting, Borrower or Guarantor or any other Person, or any of Borrower’s or Guarantor’s or any other Person’s properties or
assets; 
 (m) an assertion or claim that the automatic stay provided by 11 U.S.C. §362 (arising upon the voluntary or
involuntary bankruptcy proceeding of Borrower) or any other stay provided under any other debtor relief law (whether statutory, common law, case law or otherwise) of any jurisdiction whatsoever, now or hereafter in effect, which may be or become
applicable, shall operate or be interpreted to stay, interdict, condition, reduce or inhibit the ability of the Credit Parties to enforce any of their rights, whether now or hereafter required, which the Credit Parties may have against Guarantor or
any collateral for the Loan; 
 (n) any right or claim of right to cause a marshaling of the assets of Borrower or Guarantor;

 (o) the damage, destruction, condemnation, foreclosure or surrender of all or any part of any collateral or the Property or
any of the improvements located thereon; 
 (p) the failure of the Credit Parties to give notice of the existence, creation or
incurring of any new or additional indebtedness or obligation of Borrower or of any action or nonaction on the part of any other person whomsoever in connection with any obligation hereby guaranteed; 
 (q) any failure or delay of the Credit Parties to commence an action against Borrower or any other Person, to assert or enforce any remedies
against Borrower under the Notes or the other Loan Documents, or to realize upon any security; 
 (r) any failure of any duty on
the part of the Credit Parties to disclose to Guarantor any facts they may now or hereafter know regarding Borrower (including, without limitation Borrower’s financial condition), any other person or entity, any collateral, or any other assets
or liabilities of such person or entity, whether such facts materially increase the risk to Guarantor or not (it being agreed that Guarantor assume responsibility for being informed with respect to such information); 
 (s) failure to accept or give notice of acceptance of this Guaranty by the Credit Parties; 
 (t) failure to make or give notice of presentment and demand for payment of any of the indebtedness or performance of any of the obligations
hereby guaranteed; 
  

 4 

 (u) failure to make or give protest and notice of dishonor or of default to Guarantor or to
any other party with respect to the indebtedness or performance of obligations hereby guaranteed; 
 (v) any and all other
notices whatsoever to which Guarantor might otherwise be entitled; 
 (w) any lack of diligence by the Credit Parties in
collection, protection or realization upon any collateral securing the payment of the indebtedness or performance of obligations hereby guaranteed; 
 (x) the invalidity or unenforceability of the Notes, or any of the other Loan Documents, or any assignment or transfer of the foregoing; 
 (y) the compromise, settlement, release or termination of any or all of the obligations of Borrower under the Notes or the other Loan
Documents; 
 (z) any transfer by Borrower or any other Person of all or any part of the security encumbered by the Loan
Documents; 
 (aa) any right to require the Credit Parties to proceed against Borrower or any other Person or to proceed against
or exhaust any security held by the Credit Parties at any time or to pursue any other remedy in the Credit Parties’ power or under any other agreement before proceeding against Guarantor hereunder or under any other Loan Document; 

(bb) the failure of the Credit Parties to perfect any security or to extend or renew the perfection of any security; 
 (cc) any principle or provision of law, statutory or otherwise, which is or might be in conflict with the terms and provisions of this
Guaranty; 
 (dd) any inaccuracy of any representation or other provision contained in any Loan Document; 
 (ee) any sale or assignment of the Loan Documents, or any interest therein; 
 (ff) any and all rights, benefits and defenses which might otherwise be available under the provisions of any other applicable statues,
rules or common law principals or provisions which might operate to limit Guarantor’s liability under, or the enforcement of, this Guaranty; or 
 (gg) to the fullest extent permitted by law, any other legal, equitable or surety defenses whatsoever to which Guarantor might otherwise be entitled, it being the intention that the obligations of
Guarantor hereunder are absolute, unconditional and irrevocable. 
 Guarantor understands that the exercise by the Credit
Parties of certain rights and remedies may affect or eliminate Guarantor’s right of subrogation against Borrower and that Guarantor may therefore incur partially or totally nonreimbursable liability hereunder.

  

 5 

 
Nevertheless, Guarantor hereby authorizes and empowers the Credit Parties, their successors, endorsees and assigns, to exercise in its or their sole discretion, any rights and remedies, or any
combination thereof, which may then be available, including, without limitation, any remedies against Borrower with respect to the Notes, it being the purpose and intent of Guarantor that the obligations hereunder shall be absolute, continuing,
independent and unconditional under any and all circumstances. 
 4. Guarantor hereby consents and agrees that the Credit
Parties may at any time, and from time to time, without thereby releasing Guarantor from any liability hereunder and without notice to or further consent from Guarantor or any other Person, either with or without consideration: release or surrender
any lien or other security of any kind or nature whatsoever held by them or by any person, firm or corporation on their behalf or for their account, securing any indebtedness or liability hereby guaranteed; substitute for any collateral so held by
them, other collateral of like kind, or of any kind; modify the terms of the Notes or the Loan Documents; extend or renew the Notes for any period; grant releases, compromises and indulgences with respect to the Notes or the Loan Documents and to
any persons or entities now or hereafter liable thereunder or hereunder; release any other guarantor, surety, endorser or accommodation party of the Notes or any other Loan Document; or take or fail to take any action of any type whatsoever. No such
action which the Credit Parties shall take or fail to take in connection with the Notes or the Loan Documents, or any of them, or any security for the payment of the indebtedness of Borrower to the Credit Parties or for the performance of any
obligations or undertakings of Borrower or Guarantor, nor any course of dealing with Borrower or any other Person, shall release Guarantor’s obligations hereunder, affect this Guaranty in any way or afford Guarantor any recourse against the
Credit Parties. The provisions of this Guaranty shall extend and be applicable to all replacements, supplements, renewals, amendments, extensions, consolidations, restatements and modifications of the Notes and the other Loan Documents, and any and
all references herein to the Notes and the other Loan Documents shall be deemed to include any such replacements, supplements, renewals, extensions, amendments, consolidations, restatements or modifications thereof. Without limiting the generality
of the foregoing, Guarantor acknowledges the terms of Section 18 of the Credit Agreement and agrees that this Guaranty shall extend and be applicable to each new or replacement note delivered by Borrower pursuant thereto without notice to or
further consent from Guarantor. Guarantor acknowledges that no representations of any kind whatsoever have been made by the Credit Parties. No modification or waiver of any of the provisions of this Guaranty shall be binding upon the Credit Parties
except as expressly set forth in a writing duly signed and delivered by Agent in accordance with the provisions of the Credit Agreement. 
 5. This is an absolute, present and continuing guaranty of payment and performance and not of collection. Guarantor agrees that this Guaranty may be enforced by the Credit Parties without the necessity at
any time of resorting to or exhausting any other security or collateral given in connection herewith or with the Notes, Credit Agreement, Mortgage or any of the other Loan Documents through foreclosure or sale proceedings, as the case may be, under
the Mortgage or otherwise, or resorting to any other guaranties, and Guarantor hereby waives any right to require the Credit Parties to join Borrower in any action brought hereunder or to commence any action against or obtain any judgment against
Borrower or to pursue any other remedy or enforce any other right. Guarantor further agrees that nothing contained herein or otherwise shall prevent the Credit Parties from pursuing concurrently or successively all rights

  

 6 

 
and remedies available to them at law and/or in equity or under the Notes, Credit Agreement, Mortgage or any other Loan Documents, and the exercise of any of their rights or the completion of any
of their remedies shall not constitute a discharge of Guarantor’s obligations hereunder, it being the purpose and intent of Guarantor that the obligations of Guarantor hereunder shall be absolute, independent and unconditional under any and all
circumstances whatsoever. None of Guarantor’s obligations under this Guaranty or any remedy for the enforcement thereof shall be impaired, modified, changed or released in any manner whatsoever by any impairment, modification, change, release
or limitation of the liability of Borrower under the Notes, Credit Agreement, Mortgage or other Loan Documents or by reason of the bankruptcy of Borrower or by reason of any creditor or bankruptcy proceeding instituted by or against Borrower. This
Guaranty shall continue to be effective or be reinstated (as the case may be) if at any time payment of all or any part of any sum payable pursuant to the Notes, Credit Agreement, Mortgage or any other Loan Document is rescinded or otherwise
required to be returned by the Credit Parties upon the insolvency, bankruptcy, dissolution, liquidation, or reorganization of Borrower, or upon or as a result of the appointment of a receiver, intervenor, custodian or conservator of or trustee or
similar officer for, Borrower or any substantial part of its property, or otherwise, all as though such payment to the Credit Parties had not been made, regardless of whether the Credit Parties contested the order requiring the return of such
payment. In the event of the foreclosure of the Mortgage and of a deficiency, Guarantor hereby promises and agrees forthwith to pay the amount of such deficiency notwithstanding the fact that recovery of said deficiency against Borrower would not be
allowed by applicable law; however, the foregoing shall not be deemed to require that the Credit Parties institute foreclosure proceedings or otherwise resort to or exhaust any other collateral or security prior to or concurrently with enforcing
this Guaranty. 
 6. In the event any Credit Party or any holder of the Notes shall assign a Note to any other Credit Party or
other entity to secure a loan from such Credit Party or other entity to any Credit Party or such holder for an amount not in excess of the amount which will be due, from time to time, from Borrower to such Credit Party under such Note with interest
not in excess of the rate of interest which is payable by Borrower to such Credit Party under such Note, Guarantor will accord full recognition thereto and agree that all rights and remedies of such Credit Party or such holder hereunder shall be
enforceable against Guarantor by such Credit Party or other entity with the same force and effect and to the same extent as would have been enforceable by such Credit Party or such holder but for such assignment; provided, however, that unless such
Credit Party shall otherwise consent in writing, such Credit Party shall have an unimpaired right, prior and superior to that of its assignee or transferee, to enforce this Guaranty for the Credit Parties’ benefit to the extent any portion of
the Indebtedness or any interest therein is not assigned or transferred. 
 7. If: (a) this Guaranty is placed in the hands
of an attorney for collection or is collected through any legal proceeding; (b) an attorney is retained to represent the Credit Parties in any bankruptcy, reorganization, receivership, or other proceedings affecting creditors’ rights and
involving a claim under this Guaranty; (c) an attorney is retained to provide advice or other representation with respect to this Guaranty; or (d) an attorney is retained to represent any one or more of the Credit Parties in any
proceedings whatsoever in connection with this Guaranty and the Credit Parties prevail in any such proceedings, then Guarantor shall pay to the Credit Parties upon demand all attorney’s fees, costs and expenses incurred in connection therewith
(all of

  

 7 

 
which are referred to herein as “Enforcement Costs”), in addition to all other amounts due hereunder, regardless of whether all or a portion of such Enforcement Costs are
incurred in a single proceeding brought to enforce this Guaranty as well as the other Loan Documents. 
 8. The parties hereto
intend and believe that each provision in this Guaranty comports with all applicable local, state and federal laws and judicial decisions. However, if any provision or provisions, or if any portion of any provision or provisions, in this Guaranty is
found by a court of law to be in violation of any applicable local, state or federal ordinance, statute, law, administrative or judicial decision, or public policy, and if such court should declare such portion, provision or provisions of this
Guaranty to be illegal, invalid, unlawful, void or unenforceable as written, then it is the intent of all parties hereto that such portion, provision or provisions shall be given force to the fullest possible extent that they are legal, valid and
enforceable, that the remainder of this Guaranty shall be construed as if such illegal, invalid, unlawful, void or unenforceable portion, provision or provisions were not contained therein, and that the rights, obligations and interest of the Credit
Parties or the holder of the Notes under the remainder of this Guaranty shall continue in full force and effect. 
 9.
TO THE GREATEST EXTENT PERMITTED BY LAW, GUARANTOR HEREBY WAIVES ANY AND ALL RIGHTS TO REQUIRE MARSHALLING OF ASSETS BY THE CREDIT PARTIES. WITH RESPECT TO ANY SUIT, ACTION OR PROCEEDINGS RELATING TO THIS GUARANTY (EACH, A
“PROCEEDING”), THE CREDIT PARTIES AND GUARANTOR IRREVOCABLY (A) SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS HAVING JURISDICTION IN THE COMMONWEALTH OF VIRGINIA, AND (B) WAIVES ANY OBJECTION
WHICH IT MAY HAVE AT ANY TIME TO THE LAYING OF VENUE OF ANY PROCEEDING BROUGHT IN ANY SUCH COURT, WAIVE ANY CLAIM THAT ANY PROCEEDING HAS BEEN BROUGHT IN AN INCONVENIENT FORUM AND FURTHER WAIVE THE RIGHT TO OBJECT, WITH RESPECT TO SUCH PROCEEDING,
THAT SUCH COURT DOES NOT HAVE JURISDICTION OVER SUCH PARTY. NOTHING IN THIS GUARANTY SHALL PRECLUDE THE CREDIT PARTIES FROM BRINGING A PROCEEDING IN ANY OTHER JURISDICTION NOR WILL THE BRINGING OF A PROCEEDING IN ANY ONE OR MORE JURISDICTIONS
PRECLUDE THE BRINGING OF A PROCEEDING IN ANY OTHER JURISDICTION. THE CREDIT PARTIES AND GUARANTOR FURTHER AGREE AND CONSENT THAT, IN ADDITION TO ANY METHODS OF SERVICE OF PROCESS PROVIDED FOR UNDER APPLICABLE LAW, ALL SERVICE OF PROCESS IN ANY
PROCEEDING IN ANY COMMONWEALTH OF VIRGINIA OR UNITED STATES COURT SITTING IN THE COMMONWEALTH OF VIRGINIA MAY BE MADE BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, DIRECTED TO THE APPLICABLE PARTY AT THE ADDRESS INDICATED BELOW, AND
SERVICE SO MADE SHALL BE COMPLETE UPON RECEIPT; EXCEPT THAT IF SUCH PARTY SHALL REFUSE TO ACCEPT DELIVERY, SERVICE SHALL BE DEEMED COMPLETE FIVE (5) DAYS AFTER THE SAME SHALL HAVE BEEN SO MAILED. FURTHERMORE, THE GUARANTOR HEREBY WAIVES,
TO THE FULLEST EXTENT PERMITTED BY LAW, THE BENEFITS OF SECTIONS 49-25 AND 49-26 OF THE CODE OF VIRGINIA (1950), AS AMENDED. 
  

 8 

 10. Any indebtedness of Borrower to Guarantor now or hereafter existing is hereby
subordinated to the payment and performance of the Obligations. Guarantor agrees that, until the entire Indebtedness has been paid in full and all other Obligations have been paid and performed, Guarantor will not seek, accept, or retain for its own
account, any payment from Borrower on account of such subordinated debt. Any payments to Guarantor on account of such subordinated debt shall be collected and received by Guarantor in trust for the Credit Parties and shall be paid over to the Credit
Parties on account of the Indebtedness without impairing or releasing the obligations of Guarantor hereunder. Guarantor will not, by paying any sum recoverable hereunder (whether or not demanded by the Credit Parties) or by any means or on any other
ground, claim any set-off or counterclaim against Borrower in respect of any liability of Guarantor to Borrower or, in proceedings under federal bankruptcy law or insolvency proceedings of any nature, prove in competition with the Credit Parties in
respect of any payment hereunder or be entitled to have the benefit of any counterclaim or proof of claim or dividend or payment by or on behalf of Borrower or the benefit of any other security for any of the Obligations hereby guaranteed which, now
or hereafter, the Credit Parties may hold or in which they may have any share. Guarantor hereby expressly waives any right of contribution from or indemnity against Borrower, whether at law or in equity, arising from any payments made by Guarantor
pursuant to the terms of this Guaranty, and Guarantor acknowledges that Guarantor has no right whatsoever to proceed against Borrower or for reimbursement of any such payments. In connection with the foregoing, Guarantor expressly waives any and all
rights of subrogation to the Credit Parties against Borrower, and Guarantor hereby waives any rights to enforce any remedy which the Credit Parties may have against Borrower and any rights to participate in any collateral for Borrower’s
obligations under the Loan Documents. 
 11. Any amounts received by the Credit Parties from any source on account of the Loan
may be utilized by the Credit Parties for the payment and performance of the Obligations and in such order as the Credit Parties may from time to time elect. Additionally, if the Obligations guaranteed hereby are less than the full indebtedness
evidenced by the Notes, all rents, proceeds and avails of the Property, including proceeds of realization of the Credit Parties’ collateral and all other payments and collections, shall be deemed applied on the indebtedness of Borrower to the
Credit Parties that is not guaranteed by Guarantor until such unguaranteed Obligations of Borrower to the Credit Parties has been fully repaid before being applied upon the Obligations guaranteed by Guarantor. 
 12. GUARANTOR AND THE CREDIT PARTIES (BY THEIR ACCEPTANCE HEREOF) HEREBY WAIVE ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR
PROCEEDING TO ENFORCE OR DEFEND ANY RIGHT UNDER THIS GUARANTY OR ANY OTHER LOAN DOCUMENT OR RELATING THERETO OR ARISING FROM THE LENDING RELATIONSHIP WHICH IS THE SUBJECT OF THIS GUARANTY AND AGREE THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED
BEFORE A COURT AND NOT BEFORE A JURY. 
 13. All notices, demands, requests or other communications to be sent by one party
to another hereunder or required by law shall be given and become effective as provided in the Credit Agreement. 
  

 9 

 14. In order to induce the Lenders to make the Loan, Guarantor makes the following
representations and warranties to the Credit Parties set forth in this Section. Guarantor acknowledges that but for the truth and accuracy of the matters covered by the following representations and warranties, the Lenders would not have agreed to
make the Loan. 
 (a) Guarantor is duly formed, validly existing and in good standing in its state of organization and has
qualified to do business and is in good standing in any state in which it is necessary in the conduct of its business. 
 (b)
Guarantor maintains an office at the address set forth for such party in Section 13. 
 (c) Any and all balance
sheets, net worth statements, and other financial data with respect to Guarantor which have heretofore been given to the Credit Parties by or on behalf of Guarantor fairly and accurately present the financial condition of Guarantor as of the
respective dates thereof. 
 (d) The execution, delivery, and performance by Guarantor of this Guaranty does not and will not
contravene or conflict with (i) any law, order, rule, regulation, writ, injunction or decree now in effect of any federal, state or local governmental authority, or court, having jurisdiction over Guarantor, (ii) any contractual
restriction binding on or affecting Guarantor or Guarantor’s property or assets which may adversely affect Guarantor’s ability to fulfill its obligations under this Guaranty, (iii) the instruments creating any trust holding title to
any assets included in Guarantor’s financial statements, or (iv) the organizational or other documents of Guarantor. 
 (e) This Guaranty creates legal, valid, and binding obligations of Guarantor enforceable in accordance with its terms. 
 (f) Except as disclosed in writing to the Credit Parties, there is no action, proceeding, or investigation pending or, to the knowledge of Guarantor, threatened or affecting any Guarantor, which may adversely affect such Guarantor’s
ability to fulfill its obligations under this Guaranty. There are no judgments or orders for the payment of money rendered against Guarantor for an amount in excess of $1,000,000 which have been undischarged for a period of ten (10) or more
consecutive days and the enforcement of which is not stayed by reason of a pending appeal or otherwise. Guarantor is not in default under any agreements which may materially adversely affect such Guarantor’s ability to fulfill its obligations
under this Guaranty. 
 (g) All statements set forth in the Recitals are true and correct. 
 All of the foregoing representations and warranties shall be deemed remade on the date of the first disbursement of Loan proceeds, on the
date of each advance of Loan proceeds, and upon any extension of the Loan pursuant to the Credit Agreement. Guarantor hereby agrees to indemnify and hold the Credit Parties free and harmless from and against all loss, cost, liability, damage, and
expense, including attorney’s fees and costs, which the Credit Parties may sustain by reason of the inaccuracy or breach of any of the foregoing representations and warranties as of the date the foregoing representations and warranties are made
and are remade. 
  

 10 

 15. Guarantor shall deliver or cause to be delivered to the Credit Parties all of the
Guarantor’s financial statements to be delivered in accordance with the terms of the Credit Agreement. 
 16. This Guaranty
shall be binding upon the successors and assigns of Guarantor and shall not be discharged in whole or in part by the death or the dissolution of any principal in Guarantor. Guarantor may not assign or transfer any of its rights or obligations under
this Guaranty without the prior written consent of the Credit Parties. If more than one party executes this Guaranty, the liability of all such parties shall be joint and several. 
 17. THIS GUARANTY, THE NOTES, AND ALL OTHER INSTRUMENTS EVIDENCING AND SECURING THE LOAN SECURED HEREBY WERE DELIVERED BY
GUARANTOR AND ACCEPTED BY AGENT IN THE COMMONWEALTH OF VIRGINIA, WHICH STATE THE PARTIES AGREE HAS A SUBSTANTIAL RELATIONSHIP TO THE PARTIES AND THE UNDERLYING TRANSACTIONS EMBODIED HEREBY. IN ALL RESPECTS, INCLUDING, WITHOUT LIMITATION, PERFORMANCE
OF THIS GUARANTY AND THE OBLIGATIONS ARISING HEREUNDER, THIS GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE COMMONWEALTH OF VIRGINIA APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN SUCH STATE AND ANY
APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. 
 18. Lenders shall be entitled to honor any request for Loan proceeds
made by Borrower and shall have no obligation to see to the proper disposition of such advances. Guarantor agrees that their respective obligations hereunder shall not be released or affected by reason of any improper disposition by Borrower of such
Loan proceeds. 
 19. In the event of the business failure of Guarantor or if there shall be pending any bankruptcy or
insolvency case or proceeding with respect to Guarantor under federal bankruptcy law or any other applicable law or in connection with the insolvency of Guarantor, or if a liquidator, receiver, or trustee shall have been appointed for Guarantor or
Guarantor’s properties or assets, the Credit Parties may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Credit Parties allowed in any proceedings relative to
Guarantor, or any of Guarantor’s properties or assets, and, irrespective of whether the indebtedness or other obligations of Borrower guaranteed hereby shall then be due and payable, by declaration or otherwise, the Credit Parties shall be
entitled and empowered to file and prove a claim for the whole amount of any sums or sums owing with respect to the indebtedness or other obligations of Borrower guaranteed hereby, and to collect and receive any moneys or other property payable or
deliverable on any such claim. Guarantor covenants and agrees that upon the commencement of a voluntary or involuntary bankruptcy proceeding by or against Borrower, Guarantor shall not seek a supplemental stay or otherwise pursuant to 11 U.S.C.
§105 or any other provision of the United States Bankruptcy Code, as amended, or any other debtor relief law (whether statutory, common law, case law, or otherwise) of any jurisdiction whatsoever, now or hereafter in effect, which may be or
become applicable, to stay, interdict, condition, reduce or inhibit the ability of the Credit Parties to enforce any rights of the Credit Parties against Guarantor by virtue of this Guaranty or otherwise. 
  

 11 

 20. Guarantor agrees that in addition to disclosures made in accordance with standard
banking practices, any Credit Party may disclose information obtained by such Credit Party pursuant to this Guaranty to assignees or participants and potential assignees or participants hereunder subject to the terms of the Credit Agreement.

 21. This Guaranty may be executed in any number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same instrument. 
 22. (a) Without modifying or limiting any provision of this Guaranty or any agreement contained herein, it is hereby agreed that notwithstanding Section 1 of this Guaranty, the aggregate amount
recoverable from the Guarantor pursuant to this Guaranty with respect to the principal balance of the Notes shall be limited to One Hundred Twelve Million Five Hundred Thousand Dollars and no/100 Dollars ($112,500,000.00); provided, however, in the
event the Total Commitment is increased pursuant to Section 2.11 of the Credit Agreement, or decreased pursuant to a permitted curtailment of the Total Commitment in accordance with the terms of the Credit Agreement (provided that any such
permitted curtailment and decrease must occur prior to the occurrence of an Event of Default or a demand by Agent pursuant to the terms of Section 3.2(b) of the Credit Agreement), the aggregate amount recoverable from the Guarantor pursuant to
this Guaranty with respect to the principal balance of the Notes shall be increased (or decreased, if applicable) to an amount equal to seventy-five (75%) of the then increased (or decreased) Total Commitment (but in no event shall such
aggregate amount recoverable from the Guarantor exceed $187,500,000). 
 (b) Guarantor specifically acknowledges that the limits
set forth above are limits only upon the amount recoverable from the Guarantor with respect to the principal balance of the Notes and that such limitation does not affect the liability, scope and duration of the obligations of Guarantor hereunder,
including, without limitation, Guarantor’s obligations with respect to (i) interest accrued under the Notes, (ii) any protective advances or other payment of funds made by the Credit Parties pursuant to any one or more of the Loan
Documents with respect to any failure of Borrower to perform its obligations under the Loan Documents, and (iii) any Enforcement Costs. Furthermore, Guarantor specifically acknowledges and agrees that, except as expressly set forth in
Section 22(a) hereof, any reduction in the obligations of the Borrower under the Notes and the other Loan Documents whether by payment, realization by the Credit Parties upon any collateral for the Loan or otherwise, shall not reduce or
otherwise affect the amount recoverable from Guarantor hereunder until either (1) Guarantor itself has paid and the Credit Parties have received the full amount recoverable from Guarantor as limited under the terms of this Section 22 or
(2) all of the obligations guaranteed or undertaken by Guarantor hereunder have been fully and finally paid and performed in full as contemplated hereinabove. 
 (c) Notwithstanding anything in Sections 22(a) and (b) of this Guaranty to the contrary, there shall be no limit on Guarantor’s obligations and liabilities guaranteed pursuant to
Section 1(b) of this Guaranty or the amount recoverable against Guarantor with respect thereto,

  

 12 

 
and the provisions of this Section 22 shall not in any way limit Guarantor’s liability or obligations with respect thereto. Furthermore, nothing herein shall limit Guarantor’s
obligations under the Environmental Indemnity or the Indemnity and Guaranty Agreement. 
 23. The Guarantor covenants and agrees
that so long as any Loan or Note is outstanding that Guarantor shall comply with all of the covenants applicable to Guarantor and its Subsidiaries contained in the Credit Agreement. 
 24. This Guaranty shall, subject to the terms of Section 5 hereof, continue in effect until all of the Obligations and all of the
obligations of Guarantor to Lender under this Guaranty are fully and finally paid, performed and discharged in accordance with their terms (and without regard to any extension, reduction or other alteration thereof in any proceeding under the
Bankruptcy Code or any other proceeding described in Section 12.1(h), (i) or (j) of the Credit Agreement) and are not subject to any bankruptcy preference period or any other disgorgement, and the obligation of the Lenders to make
disbursements of the Loan under the Credit Agreement shall have terminated. 
 [SIGNATURES ON NEXT PAGE] 
  

 13 

 IN WITNESS WHEREOF, Guarantor has delivered this Guaranty as of the date first written
above. 
  

					
	 GUARANTOR:

	
	 DUPONT FABROS TECHNOLOGY, L.P., a
 Maryland limited partnership

		
	 By:
	 	 DUPONT FABROS TECHNOLOGY, INC.,
 a Maryland corporation, its sole General Partner

			
		 	By:	 	 /s/ Lammot J. du Pont

		 	Name:	 	Lammot J. du Pont
		 	Title:	 	Executive Chairman of the Board

  

 14Third Amendment and Restated Warrant

 Exhibit 4.4 
  
  
 THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) NOR UNDER ANY STATE SECURITIES LAW AND MAY NOT BE PLEDGED, SOLD, ASSIGNED OR OTHERWISE TRANSFERRED EXCEPT AS
PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO REGISTRATION OR AN EXEMPTION THEREFROM. 
 THIRD
AMENDED AND RESTATED WARRANT TO PURCHASE COMMON STOCK 
 OF 
 FNDS3000 CORP. 
 This is to Certify That, FOR VALUE RECEIVED,
Sherington Holdings, LLC or its assigns (collectively, “Holder”), is entitled to purchase, any time and from time to time during the Exercise Period (as defined in Section (a) below), and subject to the provisions of this
warrant (this “Third Amended and Restated Warrant”), from FNDS3000 Corp., a Delaware corporation (the “Company”), an aggregate of 19,963,263 fully paid, validly issued and nonassessable shares (the “Warrant
Shares”) of common stock of the Company (the “Common Stock”), at a price equal to Thirty-Five Cents ($0.35) per share. Notwithstanding the foregoing, this Third Amended and Restated Warrant shall not be exercisable by
Holder unless and until there has occurred a full or partial exercise of (i) any of an aggregate of 8,057,202 warrants for Common Stock (as amended or restated from time to time) that the Company hereby represents and warrants were outstanding
as of July 1, 2009 (the “Outstanding Warrants”), or (ii) any of an aggregate of 6,955,159 stock options to purchase Common Stock (as amended or restated from time to time) that the Company hereby represents and warrants
were outstanding as of July 1, 2009 (the “Outstanding Options”), or (iii) any other options, warrants or other securities convertible into Common Stock not included in (i) or (ii) above but that were outstanding
as of July 1, 2009 (but excluding the warrants issued in connection with the private placement of Common Stock of even date herewith and on July 1, 2009 and any convertible notes outstanding and issued to Investor) (if any, the
“Other Outstanding Convertible Securities”) (such Outstanding Warrants and Outstanding Options and Other Outstanding Securities having been issued to persons not affiliated with Holder). Furthermore, any exercise of this Amended and
Restated Warrant by Holder may be for up to (and not exceeding) a number of Warrant Shares such that, giving effect to such exercise, there would result a fraction of 0.5708, the numerator of which being the aggregate number of Warrant Shares so
exercised under this Warrant through such time, and the denominator of which being the sum of (i) the aggregate of all Warrant Shares so exercised under this Warrant through such time, plus (ii) the aggregate number of shares of Common
Stock for which Outstanding Warrants have been exercised through such time, plus (iii) the aggregate number of shares of Common Stock for which Outstanding Options have been exercised through such time, plus (iv) the aggregate number of
shares of Common Stock for which Other Outstanding Convertible Securities have been exercised through such time; i.e., Holder shall have the ability, upon any exercise of this Warrant, to maintain up to 57.08% of all Common Stock issued pursuant to
the exercise of Outstanding Options, Outstanding Warrants, Other Outstanding Convertible Securities and this Warrant, in the aggregate through such date of, and giving effect to, such exercise. The Company shall provide written notice promptly, and
in any event within five (5) days, of any full or partial exercise of the Outstanding Warrants or Outstanding Options or Other Outstanding Convertible Securities, which notice shall provide Holder with the number of shares of Common Stock for
which Outstanding Warrants or Outstanding Options or Other Outstanding Convertible Securities are exercised, as the case may be, and the identity of the persons who have so exercised. 

 The number of shares of Common Stock to be received upon exercise of this Third Amended and
Restated Warrant and the price to be paid for each share of Common Stock may be adjusted from time to time as hereinafter set forth. The exercise price of a share of Common Stock in effect at any time and as adjusted from time to time is hereinafter
sometimes referred to as the “Exercise Price”. 
 This Third Amended and Restated Warrant amends and restates
in is entirety that certain Second Amended and Restated Warrant to Purchase Common Stock of the Company dated November 2, 2009 (the “Existing Warrant”), it being the intention of the parties that all of the terms of the
Existing Warrant, as amended hereby, are restated in and are replaced by the terms of this Third Amended and Restated Warrant, but this Third Amended and Restated Warrant shall not be deemed or construed to have been issued in payment, satisfaction,
cancellation or novation of the Existing Warrant. 
 (a) EXERCISE OF WARRANT. This Third Amended and Restated Warrant may be
exercised in whole or in part at any time and from time to time beginning on November 30, 2009 (the “Issue Date”) through December 31, 2013 (the “Exercise Period”). This Third Amended and Restated Warrant
may be exercised, in whole or in part, by written notice of such exercise (each, an “Exercise Notice”) to the Company at its principal office with the Purchase Form annexed hereto duly executed and accompanied by payment of the
Exercise Price for the number of Warrant Shares specified in such form. As soon as practicable after each such exercise of the warrants, the Company shall issue and deliver to the Holder a certificate or certificates for the Warrant Shares issuable
upon such exercise, registered in the name of the Holder or its designee. Upon receipt by the Company of an Exercise Notice and the appropriate aggregate Exercise Price for the applicable amount of Common Stock at its office in proper form for
exercise, the Holder shall be deemed to be the holder of record of the shares of Common Stock issuable upon such exercise, notwithstanding that the stock transfer books of the Company shall then be closed or that certificates representing such
shares of Common Stock shall not then be physically delivered to the Holder. On or before the first business day following the date on which the Company has received the Exercise Notice and the Exercise Price, the Company shall transmit by facsimile
to Holder (i) an acknowledgment of confirmation of receipt of the Exercise Notice and (ii) a capitalization table showing in detail the names, addresses, ownership, voting or other interests of all outstanding equity securities of the
Company and instruments convertible into Common Stock and any other equity securities of the Company, and the calculation of the number of Warrant Shares to be issued pursuant to this Third Amended and Restated Warrant. 
 (b) RESERVATION OF SHARES. The Company covenants and agrees that all shares of Common Stock which may be issued upon exercise of this Third
Amended and Restated Warrant will, upon issuance, be duly authorized and validly issued, fully paid and nonassessable, and no personal liability will attach to the holder thereof. The Company shall at all times reserve solely for issuance and/or
delivery upon exercise of this Third Amended and Restated Warrant such number of shares of its Common Stock as shall be required for issuance and delivery upon exercise of this Third Amended and Restated Warrant; and if at any time the number of
authorized but unissued shares of Common Stock shall be insufficient to effect the issuance of the Warrant Shares, the Company shall take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but
unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose. 
 (c) FRACTIONAL SHARES. No
fractional shares or script representing fractional shares shall be issued upon the exercise of this Third Amended and Restated Warrant, but rather the number of shares of Common Stock to be issued shall be rounded up to the nearest whole number.

 (d) EXCHANGE, TRANSFER, ASSIGNMENT OR LOSS OF WARRANT. This Third Amended and Restated
Warrant is assignable (in whole, but not in part), at the option of the Holder. Upon surrender of this Third Amended and Restated Warrant to the Company at its principal office, with the Assignment Form annexed hereto duly executed, the Company
shall, without charge, execute and deliver a new Warrant in the name of the assignee named in such instrument of assignment and this Third Amended and Restated Warrant shall promptly be canceled. The term “Third Amended and Restated
Warrant” as used herein includes any Warrants into which this Warrant may be divided or exchanged. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Third Amended and Restated
Warrant, and (in the case of loss, theft or destruction) receipt by the Company of indemnification reasonably satisfactory to it, and upon surrender and cancellation of this Third Amended and Restated Warrant, if mutilated, the Company will execute
and deliver a new Warrant of like tenor and date. Any such new Warrant executed and delivered shall constitute an additional contractual obligation on the part of the Company, whether or not this Warrant so lost, stolen, destroyed, or mutilated
shall be at any time enforceable by anyone. 
 (e) RIGHTS OF THE HOLDER. The Holder shall not, by virtue hereof, be entitled to
any rights of a stockholder in the Company in excess of those already vested in Holder as of the date hereof, either at law or equity. 
 (f) ANTI-DILUTION PROVISIONS. The number of shares of Common Stock purchasable upon the exercise of this Third Amended and Restated Warrant shall be subject to adjustment from time to time thereafter upon the happening of certain events as
follows: 
 (i) Dividends, Splits, Combinations, Reclassifications. In the event the Company shall hereafter (A) pay
a stock dividend or make a stock distribution of shares of Common Stock with respect to the Common Stock, (B) subdivide its outstanding Common Stock into a greater amount of Common Stock, (C) combine its outstanding Common Stock into a
smaller amount of Common Stock, or (D) issue by reclassification of its Common Stock any other security of the Company, the Exercise Price in effect immediately prior to such action shall be adjusted so that Holder shall be entitled to receive
the amount of Common Stock or other capital stock of the Company it would have owned immediately following such action had this Third Amended and Restated Warrant or any remaining portion hereof been converted in full immediately prior thereto. All
adjustments made pursuant to this Section (f)(i) shall become effective immediately after the record date in the case of a dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision,
combination or reclassification. If, as a result of an adjustment made pursuant to this Section (f)(i), Holder shall become entitled to receive the Warrant Shares and other securities of the Company, the Board of Directors of the Company shall
reasonably determine the allocation of the adjusted Exercise Price between or among the Warrant Shares and such other securities. If the amount of any single adjustment of the Exercise Price required pursuant to this Section (f)(i) would be less
than one cent ($.01) at the time such adjustment is otherwise so required to be made, such amount shall be carried forward and adjustment with respect thereto made at the time of and together with any subsequent adjustment which, together with such
amount and any other amount or amounts so carried forward, shall aggregate at least one cent ($.01) when the Exercise Price is subsequently adjusted. 
 (ii) Sale of Shares of Common Stock Below Exercise Price. If at any time or from time to time after the date this Third Amended and Restated Warrant is issued, the Company issues or sells, or is
deemed by the express provisions of this Section (f)(ii) to have issued or sold, Additional Shares of Common Stock (as hereinafter defined), other than as a dividend or other distribution on any class of stock as provided in Section (f)(i) above,
and other than a subdivision or combination of shares of Common Stock as provided in Section (f)(i) above, for an Effective Price (as hereinafter defined) less than the Exercise Price (subject to adjustment for any events after the Issue Date
described in Section (f)(i)), then the then existing Exercise Price shall be reduced, as of the opening of business on the date of such issue or sale, to a price equal to the Effective Price. 

 (A) Determination of Consideration. For the purpose of making any
adjustment required under this Section (f)(ii), the consideration received by the Company for any issue or sale of securities shall (1) to the extent it consists of cash, be the amount of cash received by the Company therefor before deducting
any discounts, commissions or other expenses allowed, paid or incurred by the Company for any underwriting or otherwise in connection thereof, (2) to the extent it consists of property other than cash, be computed at the fair value of that
property as determined in good faith by the Board of Directors, and (3) if Additional Shares of Common Stock, Convertible Securities (as hereinafter defined) or rights or options to purchase either Additional Shares of Common Stock or
Convertible Securities are issued or sold together with other stock or securities or other assets of the Company for a consideration which covers both, be computed as the portion of the consideration so received that may be reasonably determined in
good faith by the Board of Directors to be allocable to such Additional Shares of Common Stock, Convertible Securities or rights or options. 
 (B) Treatment of Convertible Securities. For the purpose of the adjustment required under this Section (f)(ii), if the Company issues or sells any rights or options for the purchase of, or stock or
other securities convertible into, Additional Shares of Common Stock (such convertible stock or securities being herein referred to as “Convertible Securities”) and if the Effective Price of such Additional Shares of Common Stock is
less than the Exercise Price (subject to adjustment as aforesaid), in each case the Company shall be deemed to have issued at the time of the issuance of such rights or options or Convertible Securities the maximum number of Additional Shares of
Common Stock issuable upon exercise or conversion thereof and to have received as consideration for the issuance of such shares an amount equal to the total amount of the consideration, if any, received by the Company for the issuance of such rights
or options or Convertible Securities, plus, in the case of such rights or options, the amounts of consideration, if any, payable to the Company upon the exercise of such rights or options, plus, in the case of Convertible Securities, the amounts of
consideration, if any, payable to the Company (other than by cancellation of liabilities or obligations evidenced by such Convertible Securities) upon the conversion thereof; provided that if, in the case of Convertible Securities, the amounts of
such consideration cannot be ascertained but are a function of anti-dilution or similar protective clauses, the Company shall be deemed to have received the amounts of consideration without reference to such clauses; and provided further that if the
amount of consideration payable to the Company upon the exercise or conversion of rights, options or Convertible Securities is reduced over time or on the occurrence or non-occurrence of specified events other than by reason of anti-dilution
adjustments, the Effective Price shall be recalculated using the figure to which such amount of consideration is reduced; and provided further that if the amount of consideration payable to the Company upon the exercise or conversion of such rights,
options or Convertible Securities is subsequently increased, the Effective Price shall be again recalculated using the increased amount of consideration payable to the Company upon the exercise or conversion of such rights, options or Convertible
Securities. No further adjustment of the Exercise Price, as adjusted upon the issuance of such rights, options or Convertible Securities, shall be made as a result of the actual issuance of Additional Shares of Common Stock on the exercise of any
such rights or options or the conversion of any such Convertible Securities. If any such rights or options or the conversion privilege represented by any such Convertible Securities shall expire without having been exercised, the Exercise Price as
adjusted upon the issuance of such rights, options or Convertible Securities shall be readjusted to the Exercise Price which would have been in effect had an adjustment been made on the basis that the only Additional Shares of Common Stock so issued
were the Additional Shares of Common Stock, if any, actually issued or sold on the exercise of such rights or options or rights of conversion of such Convertible Securities, and

 
such Additional Shares of Common Stock, if any, were issued or sold for the consideration actually received by the Company upon such exercise, plus the consideration, if any, actually received by
the Company for the granting of all such rights or options, whether or not exercised, plus the consideration received for issuing or selling the Convertible Securities actually converted, plus the consideration, if any, actually received by the
Company (other than by cancellation of liabilities or obligations evidenced by such Convertible Securities) on the conversion of such Convertible Securities, provided that such readjustment shall not apply to prior exercises of this Third Amended
and Restated Warrant. 
 (C) Excluded Issuances. For purposes of this Third Amended and Restated Warrant,
the term “Additional Shares of Common Stock” shall mean all shares of Common Stock issued by the Company or deemed to be issued pursuant to this Section (f)(ii), whether or not subsequently reacquired or retired by the Company other
than (1) shares of Common Stock issued upon exercise of this Third Amended and Restated Warrant; and (2) shares of Common Stock issued pursuant to the exercise of options, warrants or convertible securities outstanding as of the date this
Third Amended and Restated Warrant is issued. 
 (D) Effective Price. For purposes of this Third Amended
and Restated Warrant, the term “Effective Price” of Additional Shares of Common Stock shall mean the quotient determined by dividing the total number of Additional Shares of Common Stock issued or sold, or deemed to have been issued
or sold by the Company under this Section (f)(ii), into the aggregate consideration received, or deemed to have been received by the Company for such issue under this Section (f)(ii), for such Additional Shares of Common Stock. 
 (iii) Whenever the number of Warrant Shares are adjusted, as herein provided, the Company shall promptly, but no later than twenty
(20) days after the consummation of the event giving rise to such adjustment, cause a notice setting forth the adjusted Warrant Shares issuable upon exercise of each Warrant and information describing the transactions giving rise to such
adjustments to be mailed by certified mail to the Holder. Each such notice shall also be made available at all reasonable times for inspection by any Holder of a Warrant executed and delivered pursuant to Section (a). The Company may retain a firm
of independent certified public accountants selected by the Board of Directors (who may be the regular accountants employed by the Company) to make any computation required by this Section (f), and a certificate signed by such firm shall be
conclusive evidence of the correctness of such adjustment. 
 (iv) In the event that at any time, as a result of an adjustment
made pursuant to this Section (f), the Holder of this Third Amended and Restated Warrant thereafter shall become entitled to receive any shares of the Company, other than Common Stock, thereafter the number of such other shares so receivable upon
exercise of this Third Amended and Restated Warrant shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Common Stock contained in this Section (f).

 (v) Irrespective of any adjustments made in the number of Warrant Shares issuable upon the exercise of this Third Amended and
Restated Warrant, Warrants theretofore issued may continue to express the same price and number and kind of shares as are stated in the similar Warrants initially issuable pursuant to this Agreement. 
 (g) NOTICES TO WARRANT HOLDERS. So long as this Third Amended and Restated Warrant shall be outstanding, (i) if the Company shall pay
any dividend or make any distribution upon the Common Stock or (ii) if the Company shall offer to the holders of Common Stock for subscription or purchase by them any share of any class or any other rights or (iii) if any capital
reorganization of the Company, reclassification of the capital stock of the Company, consolidation or merger of the Company

 
with or into another corporation, sale, lease or transfer of all or substantially all of the property and assets of the Company to another entity, or voluntary or involuntary dissolution,
liquidation or winding up of the Company shall be effected, then in any such case, the Company shall cause to be mailed by certified mail to the Holder, at least fifteen (15) days prior the date specified in (x) or (y) below, as the
case may be, a notice containing a brief description of the proposed action and stating the date on which (x) a record is to be taken for the purpose of such dividend, distribution or rights, or (y) such reclassification, reorganization,
consolidation, merger, conveyance, lease, dissolution, liquidation or winding up is to take place and the date, if any is to be fixed, as of which the holders of Common Stock or other securities shall receive cash or other property deliverable upon
such reclassification, reorganization, consolidation, merger, conveyance, dissolution, liquidation or winding up. 
 (h)
RECLASSIFICATION, REORGANIZATION OR MERGER. In case of any reclassification, capital reorganization or other similar change of the outstanding shares of capital stock of the Company, consolidation or merger of the Company with or into another
corporation (other than a merger with a subsidiary in which merger the Company is the continuing corporation and which does not result in any reclassification, capital reorganization or other change of outstanding shares of Common Stock of the class
issuable upon exercise of this Third Amended and Restated Warrant) or in case of any sale, lease or conveyance to another corporation of all or substantially all the assets of the Company resulting in any distribution to the Company’s
stockholders, the Company shall cause effective provisions to be made so that the Holder shall have the right thereafter by exercising this Third Amended and Restated Warrant at any time prior to the expiration of the Third Amended and Restated
Warrant, to purchase the kind and amount of shares of stock, and other securities and property receivable upon such reclassification, capital reorganization and other change, consolidation, merger, sale or conveyance by a holder of the number of
shares of Common Stock which might have been purchased upon exercise of this Third Amended and Restated Warrant immediately prior to such reclassification, change, consolidation, merger, sale or conveyance. Any such provision shall include provision
for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Third Amended and Restated Warrant. The foregoing provisions of this Section (h) shall similarly apply to successive
reclassifications, capital reorganizations and changes of shares of the Company’s capital stock and to successive consolidations, mergers, sales or conveyances. In the event that in connection with any such capital reorganization or
reclassification, consolidation, merger, sale or conveyance, additional shares of Common Stock shall be issued in exchange, conversion, substitution or payment, in whole or in part, for a security of the Company other than Common Stock, any such
issue shall be treated as an issue of Common Stock covered by the provisions of Section (f)(i) hereof. 
 (i) REGISTRATION
RIGHTS. The Holder of this Third Amended and Restated Warrant or of the Warrant Shares shall have the registration rights set forth in the Registration Rights Agreement between the parties dated January 6, 2009, as amended by that certain First
Amendment to Registration Rights Agreement dated as of July 1, 2009, that certain Second Amendment to Registration Rights Agreement dated as of October     , 2009, and that certain Third Amendment to Registration Rights
Agreement dated as even date herewith. 
 (j) NOTICES. All notices or other communications which are required or permitted
hereunder shall be in writing and sufficient if delivered personally, by facsimile or sent by overnight express or by registered or certified mail, postage prepaid, addressed as follows: 
  

			
	If to the Company:	 	FNDS3000 Corp
		 	4651 Salisbury Road, Suite 485
		 	Jacksonville, FL 32256
		 	Attention: Joseph F. McGuire
		 	Telephone: 904-273-2702
		 	Facsimile: 904-273-7231

			
	With a copy to:	 	Law Offices of Stephen M. Fleming PLLC
		 	49 Front Street, Suite 206
		 	Rockville Centre, New York 11570
		 	Attention: Stephen M. Fleming
		 	Telephone: 516-833-5034
		 	Facsimile: 516-977-1209
		
	If to Holder:	 	Sherington Holdings, LLC
		 	60 Sherington Place
		 	Atlanta, GA 30350
		 	Attention: Raymond Goldsmith
		 	Facsimile: 678-805-2501
		
	With copy to:	 	Troutman Sanders LLP
		 	600 Peachtree Street, N.E.
		 	Suite 5200
		 	Atlanta, GA 30308-2216
		 	Attention: John W. Stephenson Jr.
		 	Telephone: (404) 885-3602
		 	Facsimile: (404) 962-6728
		 	Email: john.stephenson@troutmansanders.com

 Each party shall provide notice to the other party of any change in address.

 (l) INVESTMENT. The Holder hereof covenants and agrees that this Third Amended and Restated Warrant has been taken for
investment and for its own account and not with a view toward resale or distribution within the meaning of the Securities Act of 1933, as amended or any state securities law. Furthermore, such Holder acknowledges that the certificate(s) representing
the shares of Common Stock issuable upon exercise of this Third Amended and Restated Warrant will bear an appropriate legend to this effect. 
 (m) NONCIRCUMVENTION. The Company hereby covenants and agrees that the Company will not, by amendment of its Certificate of Incorporation, Bylaws or through any reorganization, transfer of assets,
consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Third Amended and Restated Warrant. 

(Signatures on the following page) 

 IN WITNESS WHEREOF, the Company has caused this Third Amended and Restated Warrant to
be signed in its name by its duly authorized officers effective as of the 30th day of November, 2009. 
  

			
	COMPANY:
	
	FNDS3000 CORP.
	
	 By: /s/ John Watson

	Name:	 	John Watson
	Title:	 	Executive Vice President

  

			
	Attest:
	
	 /s/ Joseph F. McGuire

	Name:	 	Joseph F. McGuire
	Title:	 	Chief Financial Officer

 PURCHASE FORM 
 Dated
                     
 The undersigned hereby irrevocably elects to exercise the within Warrant to the extent of purchasing              shares of Common Stock and hereby makes payment of
                     in payment of the actual price thereof. 
  
  
 INSTRUCTIONS FOR REGISTRATION OF STOCK 
  

			
	Name	 	  

	(Please typewrite or print in block letters)

  

			
	Address	 	  

  

			
	Signature	 	  

 WARRANT EXCHANGE 
 The undersigned, pursuant to the Warrant Exchange provisions of the foregoing Warrant, hereby elects to exchange its Warrant for
             shares of Common Stock. 
 Date:                     
  

	
	  

	Print Name
	
	  

	Address
	
	  

	Signature

 ASSIGNMENT FORM 
 FOR VALUE RECEIVED,                     
hereby sells, assigns and transfers unto 
  

			
	Name	 	  

	(Please typewrite or print in block letters)

  

			
	Address	 	  

 the right to purchase Common Stock represented by this Warrant to the extent of
             shares as to which such right is exercisable and does hereby irrevocably constitute and appoint
                     Attorney, to transfer the same on the books of the Company with full power of substitution in the premises. 
  

					
	Date	 	  
	 	

  

					
	Signature

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}]]