Document:

Standstill Agreement, dated August 6, 2007

 EXHIBIT 10.3 
 STANDSTILL AGREEMENT 
 This Standstill
Agreement (this “Agreement”) is made this 6th day of August 2007, by and among U-Store-It Trust, a Maryland real estate investment trust
(“USI”), Robert J. Amsdell, Barry L. Amsdell and Todd C. Amsdell (Robert J. Amsdell, Barry L. Amsdell and Todd C. Amsdell may be referred to collectively as the “Amsdells”). For purposes of this Agreement, the term
“USI” includes the direct and indirect subsidiaries of USI. 
 R E C I T A L S 
 WHEREAS, the Settlement Agreement and Mutual Release by and among USI, the Amsdells, U-Store-It, L.P., U-Store-It Mini Warehouse Co., YSI Management LLC,
U-Store-It Development, LLC, Rising Tide Development, LLC, Amsdell and Amsdell, Kyle V. Amsdell, Dean Jernigan and Kathleen A. Weigand dated as of the date hereof requires the execution of this Agreement by and among USI and the Amsdells.

 NOW, THEREFORE, the parties, for and in consideration of the mutual promises contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, agree as follows: 
 ARTICLE 1 – STANDSTILL PROVISIONS

 1.1 The Standstill Obligation. Through June 30, 2008, unless approved in advance by the independent members of USI’s
Board of Trustees after notice of the Amsdells’ intentions and opportunity to consider the effect of such intentions, neither Robert J. Amsdell, Barry L. Amsdell, Todd C. Amsdell, nor any member of their family, nor any company or trust
controlled by all or any one of them shall: 
 (a) solicit proxies or consents or become a “participant” in a
“solicitation,” as defined in Section 14 of the Securities Exchange Act of 1934 (the “Exchange Act”) or the rules or regulations thereunder, of proxies or consents with respect to USI securities (including, without
limitation, any consent to call a special meeting of the shareholders of USI) or initiate any shareholder proposal with respect to USI; 
 (b) take any action for the purpose of convening a USI shareholders meeting; 
 (c) except as
otherwise provided below, make any public or private proposal (including any letter to the Board of Trustees in the nature of a “bear hug” letter) or any public announcement relating to a tender or exchange offer for USI securities or a
merger, business combination, sale of substantially all assets, liquidation, consolidation or other extraordinary corporate transaction relating to USI or take action which might require USI to make a public announcement regarding any of the
foregoing; 

 (d) form, join or in any way participate in a “group” within the meaning of
Section 13 of the Exchange Act for the purpose of taking any action restricted or prohibited under clauses (a) through (c), or take any steps in connection therewith; 
 (e) enter into any discussions, negotiations, arrangements or understandings with any third party with respect to any of the foregoing;

 (f) disclose any intention, plan or arrangements inconsistent with the foregoing; 
 (g) advise, assist or encourage any other person in connection with any of the foregoing; or 
 (h) direct, advise or cause any of their family trusts to take any action restricted or prohibited under clauses (a) through (g), or
take any steps in connection therewith. 
 1.2 Exceptions to the Standstill Obligation. It is expressly understood and agreed that
(a) in the event that an unrelated third party, without consent of the Amsdells, initiates a tender offer, proxy contest, merger, consolidation, or other business combination with USI, whether or not this third-party action was initiated at the
request or direction of USI management or the Board of Trustees, the Amsdells shall have the same rights as any other shareholder notwithstanding the provisions of Sections 1.1(a) through (g) including but not limited to the rights to vote or
tender their shares and to provide USI with a competing offer; and (ii) nothing in the provisions of Sections 1.1 (a) through (g) shall prohibit or limit the Amsdells right to seek approval of the independent trustees regarding, and
to engage in discussions with the independent trustees regarding such approval of, any matter that would otherwise be prohibited by the provisions of Sections 1.1(a) through (g). 
 ARTICLE II – MISCELLANEOUS 
 2.1 Notices. All notices, waivers,
demands, requests or other communications (each, a “Notice”) required or permitted hereunder shall, unless otherwise expressly provided, be in writing and be deemed to have been properly given, served and received (a) if delivered by
messenger, when received, (b) if mailed, three business days after deposit in the United States mail, certified or registered, postage prepaid, return receipt requested, (c) if telecopied/faxed, upon confirmed receipt of a
telecopied/facsimile transmission or (d) if delivered by reputable overnight express courier, freight prepaid, the next business day after delivery to such courier; in every case addressed to the party to be notified as follows: 
  

			
	To USI:	  	U-Store-It Trust
		  	50 Public Square, Suite 2800
		  	Cleveland, Ohio 44113
		  	Attention: Secretary
		  	Telephone: 216-274-1340
		  	Facsimile: 216-274-1360

  

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	With a copy to:	  	U-Store-It Trust
		  	460 East Swedesford
		  	Wayne, Pennsylvania 19087
		  	Attention: CFO
		  	Telephone: 610-293-5700
		  	Facsimile: 610-293-5720
		
	To Robert J. Amsdell:	  	Robert J. Amsdell
		  	6755 Engle Road, Suite A
		  	Middleburg Heights, Ohio 44130
		  	Attention: Robert J. Amsdell
		  	Telephone: 440-891-4100
		  	Facsimile: 440-891-4200
		
	To Barry L. Amsdell:	  	Barry L. Amsdell
		  	6755 Engle Road, Suite A
		  	Middleburg Heights, Ohio 44130
		  	Attention: Barry L. Amsdell
		  	Telephone: 440-891-4100
		  	Facsimile: 440-891-4200

 Any copy of any Notice delivered to any of Robert J. Amsdell or Barry L. Amsdell shall be delivered to:

  

			
		  	Kohrman Jackson & Krantz, PLL
		  	One Cleveland Center, 20th Floor
		  	1375 East Ninth Street
		  	Cleveland, Ohio 44114
		  	Attention: Marc C. Krantz, Esq.
		  	Telephone: 216-736-7204
		  	Facsimile: 216-621-6536

  

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	To Todd C. Amsdell:	  	Todd C. Amsdell
		  	6755 Engle Road, Suite A
		  	Middleburg Heights, Ohio 44130
		  	Attention: Todd C. Amsdell
		  	Telephone: 440-891-4100
		  	Facsimile: 440-891-4200
		
	With a copy to:	  	Thomas H. Barnard
		  	Ulmer Berne LLP
		  	1660 West 2nd Street, Suite 1100
		  	Cleveland, Ohio 44113
		  	Telephone: 216-583-7200
		  	Facsimile: 216-583-7201

 2.2 Amendment; Waiver. This Agreement may not be amended except by an instrument in writing
signed by the parties hereto. No waiver of any provisions of this Agreement shall be valid unless in writing and signed by the party against whom enforcement is sought. 
 2.3 Entire Agreement; Counterparts; Applicable Law. This Agreement (a) constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the parties
with respect to the subject matter hereof, (b) may be executed in one or more counterparts, which may include a .pdf signature, each of which will be deemed an original but all of which, together, shall constitute one and the same instrument;
provided that this Agreement shall not be effective until each party shall have delivered their counterpart to the other parties, and (c) shall be governed in all respects, including, without limitation, validity, interpretation and effect, by
the laws of the State of Ohio without giving effect to the conflict of law provisions thereof. 
 2.4 Severability. If any provision
of this Agreement is for any reason held to any extent to be invalid, void or unenforceable, the remaining provisions of this Agreement shall not be effected or impaired and such remaining provisions shall remain in full force and effect. In such
event, the parties hereto shall use good faith efforts to agree to replace such void or unenforceable provision of this Agreement with a valid and enforceable provision that will achieve, to the extent possible, the economic, business and other
purposes of the void or unenforceable provision and execute any amendment, consent or agreement agreed by the parties hereto to be necessary or desirable to effect such replacement. 
 2.5 Article and Section Headings. Article and Section headings contained in this Agreement are for reference only and shall not be deemed to have
any substantive effect or to limit or define the provisions contained herein. 
 2.6 Successors and Assigns. This Agreement shall be
binding upon and shall be enforceable by and inure to the benefit of the parties hereto and 

  

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their successors and permitted assigns. Neither of the parties may assign or otherwise transfer its interest in this Agreement or its duties and obligations
under this Agreement to any person without the prior written consent of the other party, which consent may be conditioned, withheld or delayed in such other party’s sole and absolute discretion. 
 2.7 No Third Party Beneficiaries. Nothing in this Agreement, expressed or implied, is intended to confer any rights or remedies upon any person,
other than the parties hereto and their respective successors or assigns. 
 2.8 Reliance. Each party to this Agreement acknowledges
and agrees that it is not relying on tax advice or other advice from the other party to this Agreement and that it has or will consult with its own advisors. 
 2.9 Effective Date. This Agreement shall be effective (the “Effective Date”) concurrently with the closing contemplated by the Purchase and Sale Agreement by and between Rising Tide Development, LLC
and U-Store-It, L.P. dated as of the date hereof (the “2007 Acquired Properties Purchase Agreement”). If the 2007 Acquired Properties Purchase Agreement is terminated by any party thereto without the closing as defined therein having
occurred or for any other reason the closing under the 2007 Acquired Properties Purchase Agreement does not occur, this Agreement shall be of no force or effect. 
 [signature page follows] 
  

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 IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date and year first written above.

  

			
	U-Store-It Trust
		
	By:	 	/s/ Dean Jernigan
	Its:	 	President and Chief Executive Officer
	
	/s/ Robert J. Amsdell
	Robert J. Amsdell, individually
	
	/s/ Barry L. Amsdell
	Barry L. Amsdell, individually
	
	/s/ Todd C. Amsdell
	Todd C. Amsdell, individually

  

 6First Amendment to Lease, amending Lease dated March 29, 2005

 EXHIBIT 10.4 
 FIRST AMENDMENT TO LEASE 
 This FIRST
AMENDMENT TO LEASE (this “Amendment”), is made as of the 6th day of August, 2007, by and between U-Store-It, L.P., a Delaware limited
partnership (“Tenant”) and Amsdell and Amsdell, an Ohio general partnership (“Landlord”). 
 W I T N E S S E T
H: 
 WHEREAS, Landlord and Tenant are parties to that certain Lease made as of March 29, 2005, effective as of
January 1, 2005 (the “Lease”), wherein Landlord leases to Tenant certain premises consisting of approximately Twenty One Thousand Eight Hundred Eighty Nine (21,889) square feet of space, and known as Suites 105, 115, 130, 215 and
300 located in a building known as The Parkview Building, 6745 Engle Road, Middleburg Heights, Ohio 44130, including approximately Four Thousand (4,000) square feet of space known as Suites E & F located in a building known as Building IV,
6751 Engle Road, Middleburg Heights, Ohio 44130 (the Parkview Building and Building IV being collectively hereinafter referred to as the “Buildings”), all as further described in the Lease (the “Premises”); 
 WHEREAS, Landlord and Tenant supplemented such Lease, within that certain Consent Agreement dated July 11, 2007, between Landlord, Tenant and
Zin Technologies, Inc.; 
 WHEREAS, contemporaneously with the execution of this Amendment, Tenant and Rising Tide Development, LLC, a
Delaware limited liability company (“Rising Tide”) have entered into that certain Purchase Agreement for fourteen (14) Rising Tide properties (the “2007 Acquired Properties Purchase Agreement”), the closing of which is the
Effective Date of, and an express condition precedent to, this Amendment; and 
 WHEREAS, Landlord and Tenant now wish to amend the
Lease, as supplemented, as fully set forth in this Amendment, if and on the Effective Date. 
 NOW, THEREFORE, in consideration of the
mutual promises and covenants, conditions and recitals hereof, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant, each intending to be legally bound, agree as follows:

 1. Amendment to Section 7.1. Section 7.1 (b) of the Lease is hereby deleted as originally written. 
 2. Amendment to Section 8.2. The following shall be added after the first paragraph of Section 8.2 of the Lease: 
 “Tenant agrees that subject to the further provisions hereof, in the event Tenant should desire to assign this Lease or sublet the Premises or any
part thereof, Tenant shall give Landlord written notice of such desire at least thirty (30) days in advance of the date on which Tenant desires to make such assignment or 

 
sublease. Such notice shall include the name, address and a description of the business of the proposed assignee or subtenant and its most recent
financial statements and such other evidence of financial responsibility as Landlord may reasonably request and a copy of the proposed sublease or assignment. Landlord shall then have a period of thirty (30) days following receipt of such
notice and information within which to notify Tenant in writing that Landlord elects, in its sole discretion, either (a) to terminate this Lease as to the portion of the Premises which is the subject of the proposed sublease or assignment and
lease direct to proposed subtenant or assignee as to the space so affected as of the date so specified by Tenant in which event Tenant will be relieved of all further obligation hereunder as to such space, or (b) to permit Tenant to assign or
sublet such space, subject, however, to written consent of the assignee or subtenant by Landlord which consent shall not be unreasonably withheld, conditioned or delayed as hereinafter provided, or (c) to reasonably refuse to consent to
Tenant’s assignment to subleasing such space and to continue this Lease in full force and effect as to the entire Premises. If Landlord should fail to notify Tenant in writing of such election within said thirty (30) day period, Landlord
shall be deemed to have elected option (c) above. 
 If Landlord does not elect to terminate this Lease in
accordance with option (a) above, Landlord’s consent to a proposed assignment of this Lease or sublease of the Premises will not be unreasonably withheld, delayed or conditioned. For purposes of this Lease, it shall be reasonable for
Landlord to withhold consent if, in Landlord’s reasonable business judgment, any of the following conditions are not satisfied: 
 (i) The proposed transferee shall have sufficient financial resources; 
 (ii) The proposed transferee shall have the type
and quality of business operation consistent with the type and quality of the operations at the Buildings; 
 (iii) The use or
occupancy by the proposed transferee will not be more hazardous than that of Tenant herein or create additional insurance cost to the Buildings or impose additional security burdens or concerns; 
 (iv) The proposed space being sublet or assigned shall be sufficient to fulfill the needs of the proposed transferee; and 
 (v) The proposed transferee or its intended use will not violate any of the debt documents of Amsdell and Amsdell applicable to the Premises.

 Notwithstanding any provision of this Lease to the contrary, Tenant’s rights to extend the Term (as set forth
in Section 1.4 of the Lease), shall not be transferred or assigned to any person or entity other than an assignee of all of Tenant’s rights under this Lease in accordance with the terms of this Section 8.2.” 

 3. Defined Terms. Capitalized terms used herein and not specifically defined in this Amendment
shall have the meanings assigned to them in the Lease. 
 4. Authority. Each of Landlord and Tenant warrants and represents to the
other that it has the right, power and authority to execute this Amendment and be bound by the terms hereof, and any required consent from any entity or person has been (or will, prior to the Effective Date be) granted. 
 5. Binding Effect. This Amendment shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective heirs,
executors, administrators, successors and permitted assigns. 
 6. Interpretation. The captions, section numbers and paragraph numbers
appearing in this Amendment are inserted only as a matter of convenience and in no way define, amplify, limit, construe, or describe the scope or interest of any section of this Amendment. 
 7. Entire Agreement. The Lease, as previously supplemented, and as hereby amended, contains the entire agreement between Landlord and Tenant, and
supersedes any prior agreements with respect thereto. 
 8. Execution in Counterparts. This Amendment may be executed in multiple
counterparts each of which when taken together shall constitute a binding agreement. 
 9. Effective Date/Condition. This Amendment
shall be effective (“Effective Date”) on the closing contemplated in the 2007 Acquired Properties Purchase Agreement, the closing of which is an express condition precedent to this Amendment. 
 EXCEPT AS HEREIN AMENDED, ALL TERMS, COVENANTS, CONDITIONS AND OBLIGATIONS OF LANDLORD AND TENANT SET FORTH IN THE LEASE AS PREVIOUSLY SUPPLEMENTED AND
ALL EXHIBITS ATTACHED THERETO REMAIN THE SAME. LANDLORD AND TENANT DO HEREBY RATIFY AND AFFIRM THE TERMS, COVENANTS, CONDITIONS AND OBLIGATIONS OF THE LEASE, AS PREVIOUSLY SUPPLEMENTED, AND AS AMENDED HEREIN, AND HEREBY DECLARE THE SAME TO BE IN
FULL FORCE AND EFFECT AS IF FULLY RESTATED HEREIN. 
 REMAINDER OF PAGE INTENTIONALLY LEFT BLANK 
 Signature page follows 

 IN WITNESS WHEREOF, this Amendment has been executed and delivered by Landlord and Tenant as of the date
first set forth above. 
  

			
	LANDLORD:
	
	Amsdell and Amsdell
	an Ohio general partnership
		
	By:	 	/s/ John W. Blagg

			
	Printed Name:	 	John W. Blagg

			
	Title:	 	General Manager
	
	TENANT:
	
	U-Store-It, L.P
	a Delaware limited partnership
		
	By:	 	U-Store-It Trust, its General Partner
		
	By:	 	/s/ Dean Jernigan

			
	Printed Name:	 	Dean Jernigan

			
	Title:	 	President and Chief Executive Officer

			
	STATE OF Ohio	  	)
		  	) ss:
	COUNTY OF Cuyahoga	  	)

 BEFORE ME, a notary public in and for said county and state, personally appeared John W. Blagg,
General Manager of Amsdell and Amsdell who acknowledged that he did sign the foregoing instrument and that the same is the free and duly authorized act and deed of the said Amsdell and Amsdell, and his free act as such Partner. 
 IN WITNESS WHEREOF, I have hereunto set my hand and official seal at Middleburg Heights, Ohio,
this 2nd day of August 2007. 
  

			
	/s/ Elizabeth Welborn
	Notary Public

			
	My commission expires:	 	March 28, 2010

  

			
	STATE OF Pennsylvania	  	)
		  	) ss:
	COUNTY OF Chester	  	)

 BEFORE ME, a notary public in and for said county and state, personally appeared Dean Jernigan,
Chief Executive Officer of U-Store-It Trust, the General Partner of U-Store-It, L.P who acknowledged that the did sign the foregoing instrument in the name and on behalf of said entity as such officer, having been duly authorized by its Board of
Directors, and that the same is his free act and deed as such officer, and the free act of said entity and the free act and deed of U-Store-It, L.P. 
 IN WITNESS WHEREOF, I have hereunto set my hand and official seal at Wayne, Pennsylvania, this
6th day of August 2007. 
  

			
	/s/ Monica L. King
	Notary Public

			
	My commission expires:	 	2-11-13

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