Document:

Amendment No. 2 dated September 22, 2010 to Stock Purchase Agreement

 Exhibit 10.1 

AMENDMENT NO. 2 

TO 

STOCK PURCHASE AGREEMENT 

BY AND AMONG 

PALMETTO BANCSHARES, INC., 

CAPGEN CAPITAL GROUP V LP 

AND EACH OF THE OTHER 

INVESTORS NAMED THEREIN, 

DATED AS OF 

MAY 25, 2010, 

AS AMENDED AS OF JUNE 8, 2010 

 AMENDMENT NO. 2 

TO THE 

STOCK PURCHASE AGREEMENT 

This Amendment No. 2 (the “Amendment”), dated as of September 22, 2010, is to the Stock Purchase Agreement,
dated as of May 25, 2010 (the “Stock Purchase Agreement”) by and among PALMETTO BANCSHARES, INC., a South Carolina corporation (the “Company”), and CAPGEN CAPITAL GROUP V LP, a Delaware limited partnership
(“CapGen”), as Amended by Amendment No. 1 (“Amendment No. 1”) to the Stock Purchase Agreement, dated as of June 8, 2010, by and among the Company, CapGen and each of the respective other investors set forth
on the signature pages to Amendment No. 1 (collectively, with CapGen, the “Investors”). 
 This Amendment
modifies certain terms of the Stock Purchase Agreement and Amendment No. 1 as set forth below. Capitalized terms used, but not defined herein, shall have the same respective meanings as provided in the Stock Purchase Agreement. 

In consideration of the premises, and other good and valuable consideration, the receipt of which is acknowledged, the parties, intending
to be legally bound, agree as follows: 
 SECTION I. 

AMENDMENTS TO THE STOCK PURCHASE AGREEMENT 

Section 1.01 Section 6.09 of the Stock Purchase Agreement is amended as follows: 

(a) All references in clause (a) and (b) to “Investor” shall refer solely to CapGen and the “Investor Percentage
Interest” shall refer solely to the Investor Percentage Interest of CapGen. 
 (b) A new clause (c) is added to
Section 6.09, which will read in its entirety as follows: 
 “The Company and its Subsidiaries will permit such
Investors, whether or not such Investor qualifies, or is intended to qualify, as a “venture capital operating company” (“VCOC”), as defined in the regulations (the “Plan Asset Regulations”) issued by the
Department of Labor at 29 C.F.R. Section 2510.3 101, as the same may be amended from time to time to have customary and appropriate VCOC rights (including consultation rights, inspection and access rights, and rights to receive materials for
all meetings of the Board of Directors, and the right to audited and unaudited financial statements, annual budget and other financial and operations information, including advance notification of and consultation with respect to significant
corporate actions) relating to inspection, information and consultation with respect to the Company or the Bank (the “VCOC Rights”). Any inspection pursuant to this Section 6.09(c) shall be conducted during normal
business hours and in such a manner as not to interfere unreasonably with the conduct of the business of the Company or its Subsidiaries, and nothing herein shall require the Company or its Subsidiaries to disclose any information to the extent
(1) prohibited by Law or (2) that the Company or its Subsidiaries reasonably believe such 

 
information to be competitively sensitive proprietary information (except to the extent such Investor provides assurances reasonably acceptable to Company or such Subsidiary, as applicable, that
such information shall not be used by such Investor or its affiliates to compete with the Company or such Subsidiary, as applicable). Each Investor also shall hold and use any information that receives pursuant to this Section 6.09(c)
solely for purposes of managing its investment in the Company, and shall not use or disclose any material nonpublic information regarding the Company to trade in Company securities or any derivatives thereof. Notwithstanding the foregoing, nothing
herein shall require the Company or its Subsidiaries to (1) honor a request from such Investor to visit and inspect any of the offices and properties of the Company and its Subsidiaries and inspect and copy the books and records of the Company
and its Subsidiaries more frequently than once per quarter or (2) make appropriate officers and directors of the Company and its Subsidiaries available to such Investor for consultation with the Investor or its designated representative with
respect to matters relating to the business and affairs of the Company and its Subsidiaries more frequently than once per quarter.” 

Section 1.02 Section 7.06(a) of the Stock Purchase Agreement is amended in its entirety to read as follows: 

“(a) Indemnification of the Investor. In addition to the indemnity provided in the Registration Rights
Agreement, the Company will indemnify and hold each Investor and its directors, officers, shareholders, members, partners, employees and agents (and any other persons with a functionally equivalent role of a person holding such titles
notwithstanding a lack of such title or any other title), each person who controls the Investor (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers, shareholders, agents,
members, partners or employees (and any other persons with a functionally equivalent role of a person holding such titles notwithstanding a lack of such title or any other title) of such controlling person (each, an “Investor Party”), from
any and all losses, liabilities, obligations, claims, contingencies, damages, costs and expenses, including all judgments, amounts paid in permitted settlements, court costs and reasonable attorneys’ fees of one counsel and costs of
investigation that any such Investor Party may suffer or incur as a result of (i) any material breach of any of the representations, warranties, covenants or agreements made by the Company in this Agreement or (ii) any action instituted
against an Investor Party in any capacity, by any shareholder of the Company who is not Investor Party or an affiliate of that Investor Party, with respect to this Agreement or any of the transactions contemplated hereby, except to the extent that a
court has determined in a final nonappealable order that any such losses, claims and expenses have resulted directly from an Investor Party’s gross negligence or willful misconduct. The Company will not be liable to any Investor Party under
this Agreement to the extent, but only to the extent that a loss, claim, damage or liability is attributable to any Investor Party’s breach of any of the representations, warranties, covenants or agreements made by such Purchaser Party in this
Agreement or in the other Private Placement Documents. Notwithstanding anything to the contrary contained in this Agreement, no indemnification pursuant to this Section 7.06(a) will be available to the extent not allowed under applicable
federal and state law.” 
  

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 Section 1.03 Section 9.18 of the Stock Purchase Agreement is amended in its
entirety to read as follows: 
 “Section 9.18 (a) The Company and the Bank agree that none of the
Company, the Bank or any of the Subsidiaries or any of the officers or directors of the Company, the Bank or any of the Subsidiaries shall, and that they shall instruct and use their reasonable best efforts to cause their and the Subsidiaries’
employees, investment bankers, attorneys, accountants and other advisors or representatives (such directors, officers, employees, investment bankers, attorneys, accountants and other advisors or representatives, collectively,
“Representatives”) not to (it being understood and agreed that any violation of the restrictions set forth in this Section 9.18 by a Representative, whether or not such Representative is so authorized and whether or not such
Representative is purporting to act on behalf of the Company, the Bank or any Subsidiary or otherwise, shall be deemed to be a breach of this Agreement by the Company and the Bank), directly or indirectly: 

(1) initiate, solicit or knowingly facilitate or encourage any inquiries or the making of any proposal or offer that
constitutes, or could reasonably be expected to lead to, any Acquisition Proposal; 
 (2) make or authorize any
statement, recommendation or solicitation in support of any Acquisition Proposal; 
 (3) engage in, continue or
otherwise participate in any discussions or negotiations or enter into an agreement regarding, or provide any non-public information or data to any person relating to, any Acquisition Proposal; or 

(4) otherwise knowingly facilitate any effort or attempt to make an Acquisition Proposal. 

(b) For purposes of this Agreement, the term “Acquisition Proposal” means (1) any proposal or offer with
respect to a merger, joint venture, partnership, consolidation, dissolution, liquidation, tender offer, recapitalization, reorganization, rights offering, share exchange, business combination or similar transaction involving the Company, the Bank or
any of the Subsidiaries and (2) any acquisition by any person resulting in, or proposal or offer, that, if consummated, would result in, any person becoming the beneficial owner, directly or indirectly, in one or a series of related
transactions, of ten percent (10%) or more of the total voting power of any class of equity securities of the Company or the Bank or those of any of the Subsidiaries, or ten percent (10%) or more of the consolidated total assets
(including, without limitation, equity securities of any subsidiaries) of the Company, in each case other than the transactions contemplated by this Agreement. 

(c) Nothing contained in this Section 9.18 shall prohibit the Company from taking and disclosing to its shareholders
a position required by Rule 14e-2(a) or Rule 14d-9 promulgated under the Exchange Act; provided, however, that compliance with 

 

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such rules shall not in any way limit or modify the effect that any action taken pursuant to such rules has under any other provision of this Agreement. 

(d) The Company and the Bank each agrees that it will promptly (and, in any event, within 24 hours) notify the Investors
if any inquiries, proposals or offers with respect to an Acquisition Proposal are received by, any such information is requested from, or any such discussions or negotiations are sought to be initiated or continued with, the Company, the Bank or any
Subsidiary or any of their respective Representatives indicating, in connection with such notice, the name of such person and the material terms and conditions of any proposals or offers (including, if applicable, copies of any written requests,
proposals or offers, including proposed agreements) and thereafter shall keep the Investors informed, on a current basis, of the status and terms of any such proposals or offers (including any amendments thereto) and the status of any such
discussions or negotiations, including any change in the Company’s or the Bank’s intentions as previously notified. 

(e) Notwithstanding anything contained herein to the contrary, each of the Company and the Bank agrees that a
non-exclusive right and remedy for noncompliance with this Section 9.18 is to have such provision specifically enforced by any court having equity jurisdiction; it being acknowledged and agreed that any such breach will cause irreparable injury
to the Investors and that money damages may not provide an adequate remedy to the Investors.” 
 Section 1.04
Section 8.01 of the Stock Purchase Agreement is amended to add a new clause (h), which will read in its entirety as follows: 

“(h) by CapGen if the Company or the Bank shall have breached the covenants contained in Section 9.18 hereof or
the Company’s Board shall have recommended or publicly announced its intention to recommend any Acquisition Proposal in accordance with Section 9.18(c) of this Agreement.” 

Section 1.05 Section 9.03 of the Stock Purchase Agreement is amended in its entirety to read as follows: 

“Section 9.03 Fees and Expenses. (a) Except as set forth in Section 1.05 and except as otherwise set
forth in this Section 9.03, each party shall pay its own fees and expenses (including, without limitation, the fees and expenses of its agents, representatives, attorneys, and accountants) incurred in connection with the negotiation, drafting,
execution, delivery, and performance of this Agreement and the Transaction. 
 (b) If this Agreement is
terminated pursuant to Section 8.01(h) and the Company, the Bank or any of the Subsidiaries (i) enter into an agreement contemplating an Acquisition Proposal, (ii) the transaction contemplated by such agreement (an
“Alternative Transaction”) is consummated and (iii) such Alternative Transaction substitutes for or substantially replaces the transaction contemplated by this Agreement, then the Company and the Bank shall be jointly and
severally obligated to pay to the Investors (on a pro rata basis, based on the number of Shares agreed to be purchased pursuant to this Agreement 

 

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by each Investor) an amount equal to the Termination Fee promptly, but in any event not later than two (2) business days, following the date of the consummation of such Alternative
Transaction. 
 (c) If, after the date hereof, an Acquisition Proposal is made to the Company, the Bank, any
Subsidiary, or the Company’s shareholders generally, or becomes public (including an Acquisition Proposal made prior to the date hereof) and thereafter this Agreement is terminated by CapGen pursuant to Section 8.01(b) or (e) on the
basis of a breach of a covenant or agreement made by the Company or the Bank in this Agreement, and (i) within twelve months after such termination the Company and/or the Bank enters into an agreement to effect an Alternative Transaction,
(ii) such Alternative Transaction is consummated and (iii) such Alternative Transaction substitutes for or substantially replaces the transaction contemplated by this Agreement, then the Company and the Bank shall be jointly and severally
obligated to pay to the Investors (on a pro rata basis, based on the number Shares agreed to be purchased pursuant to this Agreement by each Investor) an amount equal to the Termination Fee promptly, but in any event not later than two
(2) business days, following the consummation of such Alternative Transaction. 
 (d) “Termination
Fee” means an amount in cash equal to four million dollars ($4,000,000), which Termination Fee shall be paid by wire transfer of immediately available funds to the account or accounts designated by Investors at the time specified in this
Section 9.03. To the extent not paid when due, any amount payable pursuant to this Section 9.03 shall accrue interest at a rate equal to eighteen percent (18%) per annum or, if lower, the maximum rate allowable by law. 

(e) Each of the Company, the Bank and each Investor acknowledges that the agreements contained in this Section 9.03
are an integral part of the transactions contemplated by this Agreement. The amounts payable pursuant to Section 9.03 hereof constitute liquidated damages and not a penalty and shall be the sole monetary remedy in the event a Termination Fee is
paid in connection with a termination of this Agreement on the bases specified in Section 9.03 hereof; provided that nothing herein shall relieve any party from liability for fraud or intentional breach of this Agreement. In the event that the
Company or the Bank shall fail to make any payment pursuant to this Section 9.03 when due, the Company and the Bank shall be jointly and severally obligated to reimburse CapGen for all reasonable expenses actually incurred or accrued by CapGen
(including reasonable expenses of counsel) in connection with the collection under and enforcement of this Section 9.03.” 

Section 1.06 Section 1.15 of Amendment No. 1 is deleted in its entirety and replaced with “[Intentionally
Omitted]”. 
  

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 EACH OF THE UNDERSIGNED HAVE EXECUTED OR CAUSED THIS AMENDMENT NO. 2 TO BE EXECUTED
AS OF THE DATE FIRST ABOVE WRITTEN BY THEIR RESPECTIVE DULY AUTHORIZED OFFICIALS. 
  

			
	PALMETTO BANCSHARES, INC.
		
	By:	 	  

		 	Name: Samuel L. Erwin
		 	Title: Chief Executive Officer

 Joined in by the
Bank as to Section 2.02 (as to the Bank only), Section 9.03 and Section 9.18 only in consideration of the capital to be provided to the Bank from proceeds of the Private Placement and other good and valuable consideration, the receipt
of which is acknowledged. 
  

			
	THE PALMETTO BANK
		
	By:	 	  

		 	Name:
		 	Title:

  

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	CAPGEN CAPITAL GROUP V LP
	CAPGEN CAPITAL GROUP V LLC,
	THE GENERAL PARTNER OF CAPGEN CAPITAL GROUP V LP
		
	By:	 	  

		 	Name: John P. Sullivan
		 	Title: Managing Director

  

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	INVESTOR 
	
	  

	Name Of Investor
		
	By:	 	  

		 	Name:
		 	Title:
	
	Address for Notices:

  

 8Exchange Agreement

 Exhibit 4.1 

EXCHANGE AGREEMENT 

This Exchange Agreement (this “Agreement”) is made this 24th day of September, 2010, by and among Digital Realty Trust,
Inc., a Maryland corporation (the “Company”), Digital Realty Trust, L.P., a Maryland limited partnership (the “Operating Partnership”), and AG Ofcon, Ltd., a Cayman Islands corporation (the
“Holder”). 
 R E C I T A L S 

A. The Holder holds $3,000,000 in aggregate principal amount of the Operating Partnership’s 4.125% Exchangeable Senior Debentures
due 2026 (the “Notes”). 
 B. The Holder desires to sell to the Operating Partnership and the Operating
Partnership desires to purchase from the Holder $3,000,000 in aggregate principal amount of the Notes (the “Repurchased Notes”) in exchange for (i) 94,990 restricted shares (the “Shares”) of the Company’s
common stock, par value $0.01 per share, (ii) an incentive fee payable in cash equal to $19,500 and (iii) accrued and unpaid interest on the Repurchased Notes to but excluding the Closing Date (as hereinafter defined) equal to $13,406.25
((ii) and (iii) together, the “Cash Consideration”), upon the terms and subject to the conditions hereinafter set forth (the “Exchange”). 

NOW, THEREFORE, in consideration of the premises and the mutual agreements and obligations contained herein, the parties agree as
follows: 
 1. Purchase and Sale of the Repurchased Notes. 

1.1 General. On the terms and subject to the conditions set forth in this Agreement and upon the representations and
warranties made herein by each of the parties to the other, on the Closing Date (i) the Holder shall convey, assign, transfer and deliver to the Operating Partnership, and the Operating Partnership shall purchase and acquire from the Holder,
the Repurchased Notes, and (ii) in exchange, the Operating Partnership shall deliver to the Holder the Shares and the Cash Consideration. 

1.2 Closing. The closing of the transaction contemplated hereby (the “Closing”) shall take place at 7:00 a.m.,
Pacific time, on September 24, 2010, at the offices of Latham & Watkins LLP, 505 Montgomery Street, Suite 2000, San Francisco, California 94111, or at such other time and place as mutually agreed upon by the parties. The date and
time of the closing are referred to herein as the “Closing Date”. 
 1.3 Closing Deliverables.

 (a) At the Closing, the Holder shall deliver or cause to be delivered to the account of the Operating Partnership the
Repurchased Notes, registered in the name of the Holder or for which the Holder is the beneficial owner. 

 (b) At the Closing, the Operating Partnership shall deliver the Shares to the Holder to the
account set forth on Schedule A hereto. 
 (c) At the Closing, the Operating Partnership shall deliver the Cash
Consideration to the Holder by wire transfer in immediately available funds to the Holder’s broker pursuant to the wire transfer instructions set forth on Schedule A hereto. 

2. Representations and Warranties of the Holder. The Holder hereby represents and warrants to the Company, as of the Closing Date,
as follows: 
 2.1 Existence and Authority Relative to Agreement. The Holder is a corporation duly formed, validly
existing and in good standing under the laws of the Cayman Islands. The Holder has all necessary power and authority to execute and deliver this Agreement and each other agreement, document or instrument to be executed in connection herewith and to
perform the obligations to be performed by it hereunder and thereunder. The execution, delivery and performance of this Agreement by the Holder and the sale of the Repurchased Notes by the Holder pursuant hereto have been duly authorized by all
necessary action. This Agreement and each other instrument or document to be executed in connection herewith have been duly and validly executed and delivered by a duly authorized officer of the Holder. This Agreement and each other instrument or
document to be executed in connection herewith shall, upon the execution and delivery thereof by the Holder, constitute the legal, valid and binding obligations of the Holder enforceable against the Holder in accordance with the respective terms
thereof, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles. 

2.2 No Conflicts. Neither the execution, delivery and performance of this Agreement, nor the consummation of the transactions
contemplated hereby nor compliance by the Holder with any provisions hereof, will (i) violate (with or without the giving of notice or the lapse of time or both), or conflict with, or result in any violation of or default under, any indenture,
mortgage, deed of trust, loan agreement, joint venture agreement, partnership agreement, limited liability company agreement or any other agreement or instrument to which the Holder is a party or by which the Holder is bound or to which any of the
property or assets of the Holder is subject, except for such conflicts, breaches or violations which would not, singly or in the aggregate, result in a material adverse effect on the consolidated financial position, results of operations or business
of the Holder, (ii) result in any violation of the provisions of the charter, by-laws, certificate of limited partnership, partnership agreement or other organizational documents of the Holder, as the case may be, or (iii) result in any
violation of any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over the Holder, except where such noncompliance or violation of any such statute, order, rule or regulation would not, singly
or in the aggregate, result in a material adverse effect on the consolidated financial position, results of operations or business of the Holder. 

2.3 No Consents Required. No application, notice, order, registration, qualification, waiver, consent, approval or other action
(collectively, “Consent”) is required to be filed, given, obtained or taken by the Holder by virtue of the execution, delivery and performance of this 

 

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Agreement or the consummation of the transactions contemplated hereby, which has not already been obtained. 

2.4 Title to Interests. The Holder is the record or beneficial owner of the Repurchased Notes, and the sale of the Repurchased
Notes to the Operating Partnership hereunder will transfer title to the Repurchased Notes free and clear of all liens, claims, charges or encumbrances whatsoever. 

2.5 Brokers and Finders. The Holder has not employed any broker or finder who will seek compensation from the Company or
the Operating Partnership, and the Holder has not otherwise entered into any arrangement regarding the payment of any brokerage fees, commissions or finder’s fees in connection with the sale of the Repurchased Notes that will result in any
liability on the part of the Company or the Operating Partnership. 
 2.6 [Intentionally Left Blank] 

2.7 Ownership Limit. The issuance of the Shares to the Holder, together with any other shares of Common Stock of the Company held
by the Holder, shall not cause the Holder, and, to the Holder’s knowledge, any other affiliated Person (as defined in the Company’s Articles of Amendment and Restatement (the “Articles”), to own shares of capital stock of
the Company in violation of the Company’s ownership limits as set forth in Section 6.2.1 of Article VI of the Company’s Articles. The Holder acknowledges that the issuance of the Shares pursuant to this Agreement is subject to the
provisions and remedies in the Company’s Articles, to the extent the issuance violates the restrictions on ownership and transfer set forth in the Articles, and the application of any such remedies shall not be a breach of this
Agreement by the Company. 
 2.8 Investor Questionnaire. The representations contained in the Investor Questionnaire set
forth as Exhibit A attached hereto are true and correct. 
 2.9 No General Solicitation. Neither the Holder nor
any of its advisors is aware of or has engaged in or will engage in any form of general solicitation or advertising in connection with the acquisition of the Repurchased Notes by the Holder or the resale of the Shares by the Holder (other than
pursuant to the prospectus supplement to the Shelf Registration Statement contemplated by Section 5.1 hereof), including (i) any advertisement, article, notice or other communication published in any newspaper, magazine or similar
media or broadcast over television or radio; and (ii) any seminar or meeting whose attendees were invited by any general solicitation or general advertising. 

2.10 No Agreements to Sell. The Holder has no contract, understanding, agreement or arrangement with any person or entity to sell,
transfer or grant a participation to such person or entity or any other person or entity, with respect to any or all of the Shares it will receive in accordance with the provisions hereof. 

2.11 ERISA. No part of the Repurchased Notes to be used by the Holder to purchase the Shares constitutes “plan assets”,
as defined in Department of Labor Regulation Section 2510.3-101 (29 C.F.R. 2510.3-101), of any “employee benefit plan,” subject to Title I of ERISA 

 

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or an individual retirement account or plan which is subject to Section 4975 of the Code (collectively, a “Benefit Plan”) or of any account or entity whose underlying assets
constitute “plan assets” of a Benefit Plan by reason of the Benefit Plan’s investment in the account or entity. The Holder is not an employee benefit plan subject to ERISA or Section 4975 of the Code. 

2.12 Advisors. The Holder is relying upon the advice of its own personal, legal and tax advisors with respect to the legal, tax
and other aspects of the sale of the Repurchased Notes and an investment in the Company. 
 2.13 Qualified Institutional
Buyer. The Holder is a “qualified institutional buyer” within the meaning of Rule 144A(a)(1) under the Securities Act of 1933, as amended (the “Securities Act”). 

2.14 Determination of Price. In connection with the purchase of the Repurchased Notes by the Operating Partnership and the
purchase of the Shares by the Holder, the Holder has independently determined an acceptable price for the Repurchased Notes and the Shares, and such price is based upon such independent determination. 

3. Representations and Warranties of the Company and the Operating Partnership. The Company and the Operating Partnership hereby represent and
warrant to the Holder as of the Closing Date, as follows: 
 3.1 Existence and Authority Relative to Agreement. The
Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Maryland, and the Operating Partnership is a limited partnership duly formed, validly existing and in good standing under the laws of
the State of Maryland. The Company and the Operating Partnership have all necessary corporate power and authority and limited partnership power and authority, respectively, to execute and deliver this Agreement and each other agreement, document or
instrument to be executed in connection herewith and to perform the obligations to be performed by the Company and the Operating Partnership, respectively, hereunder and thereunder. The execution, delivery and performance of this Agreement by the
Company and the Operating Partnership have been duly authorized by all necessary corporate and limited partnership action, respectively. This Agreement and each other instrument or document to be executed in connection herewith have been duly and
validly executed and delivered by a duly authorized officer of the Company, on the Company’s behalf and, as the sole general partner of the Operating Partnership, on the behalf of the Operating Partnership. This Agreement and each other
instrument or document to be executed in connection herewith shall, upon the execution and delivery thereof by the Company and the Operating Partnership, constitute the legal, valid and binding obligations of the Company and the Operating
Partnership enforceable against the Company and the Operating Partnership in accordance with the respective terms thereof, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting the enforcement of creditors’ rights generally and general equitable principles. 
 3.2 No
Conflicts. Neither the execution, delivery and performance of this Agreement, nor the consummation of the transactions contemplated hereby nor compliance by the Company 

 

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and the Operating Partnership with any provisions hereof, will (i) violate (with or without the giving of notice or the lapse of time or both), or conflict with, or result in any violation
of or default under, any indenture, mortgage, deed of trust, loan agreement, joint venture agreement, partnership agreement, limited liability company agreement or any other agreement or instrument to which the Company or the Operating Partnership
is a party or by which the Company or the Operating Partnership is bound or to which any of the property or assets of the Company or the Operating Partnership is subject, except for such conflicts, breaches or violations which would not, singly or
in the aggregate, result in a material adverse effect on the consolidated financial position, results of operations or business of the Company, the Operating Partnership and their subsidiaries taken as a whole (a “Material Adverse
Effect”), (ii) result in any violation of the provisions of the charter, by-laws, certificate of limited partnership, partnership agreement or other organizational documents of the Company, the Operating Partnership or any Subsidiary
(as defined below), as the case may be, or (iii) result in any violation of any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over the Company, except where such noncompliance or
violation of any such statute, order, rule or regulation would not, singly or in the aggregate, have a Material Adverse Effect. “Subsidiary” means each of the subsidiaries of the Company and the Operating Partnership which is a
“significant subsidiary” as defined in Rule 405 of Regulation C under the Act. 
 3.3 No Consents Required.
Except for (i) the filing with the Securities and Exchange Commission (the “Commission”) of a prospectus supplement and a current report on form 8-K and payment of the fees as contemplated by Section 5.2 hereof and
(ii) receipt of official notice that the Shares have been listed for trading on the New York Stock Exchange, no Consent is required to be filed, given, obtained or taken by the Company or the Operating Partnership by virtue of the execution,
delivery and performance of this Agreement or the consummation of the transactions contemplated hereby, which has not already been obtained. 

3.4 Brokers and Finders. Neither the Company nor the Operating Partnership have employed any broker or finder who will seek
compensation from the Holder and neither the Company nor the Operating Partnership have otherwise entered into any arrangement regarding the payment of any brokerage fees, commissions or finder’s fees in connection with the sale of the
Repurchased Notes that will result in any liability on the part of the Holder. 
 3.5 Shares. The issuance and sale of
the Shares to the Holder pursuant to this Agreement have been duly authorized by the Company. When the Shares are duly paid for and delivered as provided herein, the Shares will be validly issued, fully paid and nonassessable. The issuance of the
Shares is not subject to preemptive or similar rights. The Operating Partnership is the beneficial owner of the Shares, and the sale of the Shares to the Holder hereunder will transfer title to the Shares free and clear of all liens, claims, charges
or encumbrances whatsoever. 
 3.6 WKSI Status. (i) At the time of filing the Registration Statement, (ii) at
the time of the most recent amendment thereto for the purposes of complying with Section 10(a)(3) of the Securities Act, and (iii) as of the date hereof, the Company was or is (as the case may be) a “well-known seasoned issuer”
as defined in Rule 405 under the Securities Act. 
  

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 3.7 Registration Statement. The Company meets the requirements for use of Form S-3
under the Securities Act and has prepared and filed with the Commission an automatic shelf registration statement, as defined in Rule 405 (File Number 333-158958), on Form S-3, including a related base prospectus, for registration under the
Securities Act of the offering and sale of certain securities. Such registration statement, including the exhibits thereto and the documents, if any, incorporated by reference therein, as amended (or deemed to have been amended pursuant to Rules
430A, 430B or 430C under the Securities Act) from time to time, is hereinafter referred to as the “Shelf Registration Statement.” Such Shelf Registration Statement, including any amendments thereto filed prior to the date of this
Agreement or prior to any such time this representation is repeated or deemed to be made, became effective upon filing and no stop order suspending the effectiveness of the Shelf Registration Statement or any part thereof has been issued or is in
effect and no proceeding for that purpose has been initiated or threatened by the Commission or by the state securities authority of any jurisdiction, and no notice of objection of the Commission to the use of the Shelf Registration Statement or any
post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act has been received by the Company. The Shelf Registration Statement complies in all material respects with the applicable requirements of the Securities Act and the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the respective rules thereunder and does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or
necessary in order to make the statements therein not misleading; provided, however, that the Company and the Operating Partnership make no representations or warranties as to the information contained in or omitted from the Shelf Registration
Statement or any related prospectus supplement in reliance upon and in conformity with information furnished in writing to the Company or the Operating Partnership by the Holder specifically for inclusion in the Shelf Registration Statement or any
related prospectus supplement. 
 3.8 No General Solicitation. The Company is not aware of nor has it engaged in nor will
it engage in any form of general solicitation or advertising in connection with sale of the Shares to the Holder, including (i) any advertisement, article, notice or other communication published in any newspaper, magazine or similar media or
broadcast over television or radio; and (ii) any seminar or meeting whose attendees were invited by any general solicitation or general advertising. 

4. Covenants. 
 4.1
Tax Matters. The Holder shall cooperate, as and to the extent reasonably requested by the Company and the Operating Partnership, in connection with the filing of any tax returns, tax elections or other tax reporting matters related to the
transactions contemplated by this Agreement. Such cooperation shall include the retention and (upon the Company’s or the Operating Partnership’s reasonable request) the provision of records and information which are reasonably relevant to
any such tax matter and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. 

4.2 Withholding. At the Closing, the Holder shall deliver to the Operating Partnership a properly executed applicable Internal
Revenue Service Form W-8 together with any applicable underlying forms. The Holder will promptly inform the Operating Partnership if 

 

 6 

 
the information in any of such forms becomes untrue. The Operating Partnership shall be entitled to withhold taxes to the extent required by applicable law from any payment made to the Holder
pursuant to this Agreement. 
 5. Registration Rights. 

5.1 Shelf Registration. The Company shall prepare and file with the Commission as soon as practicable after the Closing Date a
prospectus supplement to the Shelf Registration Statement for an offering of the Shares to be made on a continuous or delayed basis by the Holder pursuant to Rule 415 under the Securities Act. The Company shall use its commercially reasonable
efforts to keep the Shelf Registration Statement continuously effective (subject to Section 5.3 hereof) until the earliest of (A) such time as all of the Shares have been sold pursuant to the Shelf Registration Statement or Rule 144
and (B) the date on which the Shares may be sold by non-affiliates without volume restrictions in accordance with Rule 144. As a condition to the filing of the prospectus supplement to the Shelf Registration Statement pursuant to this
Section 5.1, the Holder agrees to deliver to the Company a completed Notice and Questionnaire in the form attached as Exhibit B hereto and such other information as the Company may reasonably request in writing, if any, at least
two business days prior to the anticipated filing date of the prospectus supplement, and thereafter shall notify the Company as promptly as practicable of any inaccuracies or changes to such information previously provided that occur subsequent to
the filing of the prospectus supplement and prior to the sale of the Shares thereunder. 
 5.2 Registration Expenses. In
connection with any registration statement required to be filed hereunder, the Company shall pay the following registration expenses incurred in connection with the registration hereunder: (i) all registration and filing fees,
(ii) printing expenses, (iii) internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), (iv) the fees and expenses incurred in connection with the
listing of the Shares on each securities exchange on which similar securities issued by the Company are then listed, (v) reasonable fees and disbursements of counsel for the Company and customary fees and expenses for independent certified
public accountants retained by the Company and (vi) the reasonable fees and expenses of any special experts retained by the Company in connection with such registration. The Company shall have no obligation to pay any underwriting fees,
discounts or commissions attributable to the sale of Shares, or any out-of-pocket expenses of the Holder (or the agents who manage its accounts) or any transfer taxes relating to the registration or sale of the Shares. 

5.3 Holdback Agreements. 

(a) If the Company determines in its good faith judgment that the filing of the Shelf Registration Statement or a prospectus supplement
thereunder or the use of any related prospectus or prospectus supplement would require the disclosure of non-public material information that the Company has a bona fide business purpose for preserving as confidential or the disclosure of which
would impede the Company’s ability to consummate a material action, and that the Company is not otherwise required by applicable securities laws or regulations to disclose at such time, upon written notice of such determination by the Company,
the rights of the Holder to offer, sell or distribute any Shares pursuant to the Shelf Registration Statement or 
  

 7 

 
to require the Company to take action with respect to the registration or sale of any Shares pursuant to the Shelf Registration Statement shall be suspended until the date upon which the Company
notifies the Holder in writing that suspension of such rights for the grounds set forth in this Section 5.3(a) is no longer necessary. The Company agrees to give such notice as promptly as practicable following the date that such
suspension of rights is no longer necessary. 
 (b) If all reports required to be filed by the Company pursuant to the Exchange
Act have not been filed by the required date without regard to any extension, or if the consummation of any business combination by the Company has occurred or is probable for purposes of Rule 3-05, Rule 3-14 or Article 11 of
Regulation S-X, upon written notice thereof by the Company to the Holder, the rights of the Holder to offer, sell or distribute any Shares pursuant to the Shelf Registration Statement or to require the Company to take action with respect to the
registration or sale of any Shares pursuant to the Shelf Registration Statement shall be suspended until the date on which the Company has filed such reports or obtained and filed the financial information required by Rule 3-05, Rule 3-14 or
Article 11 of Regulation S-X to be included or incorporated by reference, as applicable, in the Shelf Registration Statement, and the Company shall notify the Holder as promptly as practicable when such suspension is no longer required.

 5.4 Underwriting Agreement. The Company will not be required to enter into an underwriting or other similar agreement
with respect to the disposition of the Shares. 
 5.5 Prospectus Delivery. The Holder agrees that unless the Shares are
eligible for resale pursuant to all the conditions of Rule 144 under the Securities Act without volume or manner of sale limitations, it will resell the Shares only pursuant to the Shelf Registration Statement (subject to Section 5.3
hereof), in a manner described under the caption “Plan of Distribution” in the prospectus supplement under the Shelf Registration Statement with respect to the Shares, and in a manner in compliance with all applicable securities laws,
including, without limitation, any applicable prospectus delivery requirements of the Securities Act (or in compliance with Rule 172 thereunder) and the insider trading restrictions of the Exchange Act. 

6. General. 
 6.1
Notices. All notices and other communications required or permitted to be given hereunder shall be in writing and shall be deemed to have been duly given if personally delivered, delivered by nationally recognized overnight courier with proof
of delivery thereof, sent by United States registered or certified mail (postage prepaid, return receipt requested) addressed as hereinafter provided or via telephonic facsimile transmission with proof of delivery in the form of a telecopier’s
transmission confirmation report. Notice shall be sent and deemed given when (a) if personally delivered or via nationally recognized overnight courier, then upon receipt by the receiving party, or (b) if mailed, then three (3) days
after being postmarked, or (c) if sent via telephonic facsimile transmission, then at the time set forth in the telecopier’s transmission confirmation report. 

Any party listed below may change its address hereunder by notice to the other party listed below. Until further notice, notice and other
communications hereunder shall be addressed to the parties listed below as follows: 
  

 8 

 If to the Holder: 

Angelo, Gordon & Co., L.P. 

245 Park Avenue,
26th Floor 

New York, New York 10167 

Attention: Gary Wolf 

Facsimile: (212) 867-6448 

If to the Company or the Operating Partnership: 

Digital Realty Trust, Inc. 

560 Mission Street, Suite 2900 

San Francisco, California 94105 

Attention: Joshua A. Mills, General Counsel 

Facsimile: (415) 738-6521 

E-mail: jmills@digitalrealtytrust.com 

With a copy to: 

Keith Benson, Esq. 

Julian T.H. Kleindorfer, Esq. 

Latham & Watkins LLP 

505 Montgomery Street,
20th Floor 

San Francisco, California 94111 

Facsimile: (415) 395-8095 

E-mail: keith.benson@lw.com 

or to such other address as any party hereto shall have designated by notice in writing to the other party. 

6.2 Further Assurances. Each party hereto shall at any time, and from time to time, both before and after the date of this
Agreement, upon request of the other party hereto, execute, acknowledge and deliver all such further assignments, transfers, conveyances or other documents or instruments, and take all such further action, as may be requested by the other party to
carry out the intent of this Agreement. 
 6.3 Expenses. Subject to the provisions of Section 5.2 hereof, the
parties hereto shall each pay their respective fees and expenses, including but not limited to attorneys’ fees, incident to the negotiations, preparation and execution of this Agreement and the consummation of the transactions provided for
herein. 
 6.4 Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the
subject matter hereof. This Agreement can be amended, supplemented or changed, and any provision hereof can be waived, only by a written instrument making specific reference to this Agreement and duly executed by the party to be bound thereby. This

  

 9 

 
Agreement supersedes all prior agreements and understandings between the parties with respect to the transactions contemplated hereby. 

6.5 Assignability. Neither this Agreement nor any of the rights or obligations hereunder may be assigned without the prior written
consent of the parties hereto and any attempt to do so shall be of no force or effect. 
 6.6 Captions. The captions of
the various sections and articles contained in this Agreement are for reference purposes only and shall not be deemed in any manner to affect the meaning or interpretation of any of the provisions of this Agreement. 

6.7 Severability. If any provision of this Agreement or in any document referred to herein shall be determined to be illegal, void
or unenforceable, all other provisions of this Agreement or in any other document referred to herein shall not be affected and shall remain in full force and effect. 

6.8 Applicable Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York.

 6.9 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an
original, and all of which together shall constitute one and the same instrument. 
 6.10 Survival. The warranties,
representations, covenants and agreements contained in this Agreement shall survive the execution and delivery of this Agreement and the Closing of the transactions contemplated hereby. 

[Signature Page Follows] 
  

 10 

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

					
	AG OFCON, LTD.,
	a Cayman Islands corporation
		
	By:	 	 /s/ Joseph R. Wekselblatt

		 	Name:	 	Joseph R. Wekselblatt
		 	Title:	 	Director
	
	 DIGITAL REALTY TRUST, INC.,

a Maryland corporation

		
	By:	 	 /s/ Joshua A. Mills

		 	Name:	 	Joshua A. Mills
		 	Title:	 	General Counsel and Assistant Secretary
	
	 DIGITAL REALTY TRUST, L.P.,

a Maryland limited partnership

	
	 By: DIGITAL REALTY TRUST, INC.,

its general partner

		
	By:	 	 /s/ Joshua A. Mills

		 	Name:	 	Joshua A. Mills
		 	Title:	 	General Counsel and Assistant Secretary

[Signature Page to Exchange Agreement] 

 Schedule A 

Holder Wire Transfer Instructions and Share Delivery Instructions 

 

 1 

 Exhibit A 

INVESTOR QUESTIONNAIRE 

Capitalized terms not defined herein shall have such meaning as set forth in the Exchange Agreement by and among Angelo, Gordon & Co., L.P. (the
“Holder”), Digital Realty Trust, Inc. (the “Company”) and Digital Realty Trust, L.P. (the “Operating Partnership”), of even date herewith (the “Agreement”). 

ALL QUESTIONS IN THE APPROPRIATE SECTION MUST BE ANSWERED. 

SECTION I. 
  

	 	1.	Name and Nature (e.g., limited partnership, corporation, trust, limited liability company) of the
Holder:                                        
                                         
                                         
                     

  

	 	2.	Date of
Organization:                                       
                                         
                                     

  

	 	3.	Jurisdiction of
Organization:                                       
                                         
                          

  

	 	4.	Taxpayer Identification
No.:                                        
                                         
                          

SECTION II. REPRESENTATIONS AND WARRANTIES 

The Holder hereby warrants and represents to the Company and the Operating Partnership, that each of the following statements is true and
correct as of the date hereof and shall be true and correct as of the Closing Date: 
 A. The Holder is acquiring the Shares
solely for its own account, as principal and not as a nominee or agent for any other person, for investment and not with a view toward resale or distribution thereof in violation of the Securities Act of 1933, as amended (the “Securities
Act”). The Holder agrees and acknowledges that the issuance of the Shares to it will not be registered with the Securities and Exchange Commission under the Securities Act, based upon an exemption from the registration requirements of the
Securities Act and it will not, directly or indirectly, offer, transfer, sell, assign, pledge, hypothecate or otherwise dispose of (hereinafter, “Transfer”) any of the Shares unless such Transfer complies with the Agreement and
either (i) the Transfer is pursuant to an effective registration statement under the Securities Act and qualification or other compliance under applicable blue sky or state securities laws, or (ii) if requested by the Company, counsel for
the Holder (which counsel shall be reasonably acceptable to the Company) shall have furnished the Company with an opinion, reasonably satisfactory in form and substance to the Company, to the effect that no such registration is required because of
the availability of an exemption from registration under the Securities Act and qualification or other compliance under applicable blue sky or state securities laws. 

B. The Holder has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks
of the investment in the Shares. 
  

 1 

 C. The Holder understands that the Shares have not been registered under the Securities Act
or the securities laws of any state and, as a result thereof, are subject to substantial restrictions on transfer. 
 D. Neither
the Company nor the Operating Partnership solicited the Holder with respect to the acquisition of the Repurchased Notes. The terms of the Exchange were individually negotiated between the Company and the Operating Partnership, on the one hand, and
the Holder, on the other. 
 E. The Holder hereby represents that it has no intention to dissolve and that it presently engages
in activities other than those related to, and holds assets other than, the Repurchased Notes and the Shares. 
 F. The Holder
does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participation to any third person with respect to any of the Shares. 

G. The Holder has the ability to bear the economic risks of the Shares and is able to afford the complete loss of such investment.

 H. The Holder has had an opportunity to ask questions regarding the Repurchased Notes, the Shares and the business of the
Company and the Operating Partnership, and has acquired sufficient information about the Company and the Operating Partnership to reach an informed decision to sell the Repurchased Notes to the Operating Partnership and acquire the Shares.

 I. The Holder acknowledges that the Shares are subject to certain limitations on ownership, transfer or redemption set forth
in the Company’s charter. 
 J. There has been made available to the Holder and its advisors the opportunity to ask
questions of, and receive answers from the Company concerning the terms and conditions of the investment in the Shares, and to obtain the documents publicly filed with the Securities and Exchange Commission by the Company and any additional
information, to the extent that the Company possesses such information, or can acquire it without unreasonable effort or expense, necessary to verify the accuracy of the information given to it, or to otherwise make an informed investment decision,
and that the Holder has had an opportunity to consult with counsel and other advisers about the investment in the Shares, and that all material documents, records and books pertaining to such investment have, on request, been made available to the
Holder and its advisors. 
 K. The Shares shall bear a legend substantially to the effect of the following: 

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF, THE HOLDER AGREES (1) THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THE SECURITY EVIDENCED

  

 2 

 
HEREBY, EXCEPT (A) TO THE ISSUER OR A SUBSIDIARY OF THE ISSUER; (B) UNDER A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT; (C) TO A PERSON THE
SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A ADOPTED UNDER THE SECURITIES ACT) THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL BUYER AND TO WHOM NOTICE IS GIVEN
THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, ALL IN COMPLIANCE WITH RULE 144A (IF AVAILABLE); OR (D) UNDER ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT; AND (2) THAT IT WILL, PRIOR TO
ANY TRANSFER OF THIS SECURITY, FURNISH TO THE TRANSFER AGENT AND THE ISSUER SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS MAY BE REQUIRED TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION
NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 
 L. The Holder has relied solely on its own
investigations in making a decision to sell the Repurchased Notes and purchase the Shares, and has received no representation or warranty from the Company or the Operating Partnership, or any of their affiliates, employees or agents, other than
those set forth in the Agreement. 
  

 3 

 IN WITNESS WHEREOF, the undersigned has executed this Investor Questionnaire this
     day of September, 2010, and declares that it is truthful and correct. 
  

	
	AG OFCON, LTD.
	
	  

	Authorized Signatory
	
	  

	PRINT Name and Title of Person Signing
	
	Address:
	
	  

	
	  

	
	  

 Exhibit B 

SELLING SECURITYHOLDER NOTICE AND QUESTIONNAIRE

The undersigned beneficial owner (the “Selling Securityholder”) of common stock par value $0.01 (the “Registrable
Securities”) of Digital Realty Trust, Inc. (the “Company”) understands that the Company has filed or intends to file with the Securities and Exchange Commission a registration statement (the “Shelf Registration Statement”)
or a prospectus supplement under an existing Shelf Registration Statement for the registration of the resale under Rule 415 of the Securities Act of 1933, as amended, of the Registrable Securities in accordance with the terms of the Exchange
Agreement, dated September 24, 2010 (the “Exchange Agreement”), among the Company, Digital Realty Trust, L.P. and the Selling Securityholder. All capitalized terms not otherwise defined herein shall have the meaning ascribed thereto
in the Exchange Agreement. 
 Notice 

The Selling Securityholder hereby gives notice to Digital Realty Trust, Inc. of its intention to sell or otherwise dispose of Registrable
Securities beneficially owned by it and listed below in Item 3(b) pursuant to the Shelf Registration Statement. The undersigned, by signing and returning this Notice and Questionnaire, understands that it will be bound by the terms and
conditions of this Notice and Questionnaire. 
 The undersigned hereby provides the following information to Digital Realty
Trust, Inc. and represents and warrants that such information is accurate and complete: 
 Questionnaire 

 

	 	1.	(a)       Full Legal Name of Selling Securityholder: 

 

	 	(b)	Full Legal Name of Registered Holder (if not the same as (a) above) through which Registrable Securities listed in Item (3) below are held:

  

	 	(c)	Full Legal Name of DTC Participant (if applicable and if not the same as (b) above) through which Registrable Securities listed in Item (3) below are held:

  

	2.	Address for Notices to Selling Securityholder: 

Telephone: 
 Fax:

 Email address: 

Contact Person: 
  

	3.	Beneficial Ownership of Registrable Securities: 

Except as set forth below in this Item (3), the undersigned Selling Securityholder does not beneficially own any Registrable Securities.

 (a) Number of shares of Registrable Securities beneficially owned: 

(b) Number of shares of the Registrable Securities which the undersigned wishes to be included in the Shelf Registration Statement:

	4.	Beneficial Ownership of other Digital Realty Trust, Inc. securities owned by the Selling Securityholder: 

Except as set forth below in this Item (4), the undersigned is not the beneficial or registered owner of any securities of Digital Realty
Trust, Inc. other than the Registrable Securities listed above in Item (3). 
  

	 	(a)	Type and amount of other securities beneficially owned by the Selling Securityholder: 

 

	 	(b)	CUSIP No(s). of such other securities beneficially owned: 

  

	5.	Relationship with Digital Realty Trust, Inc.: 

  

	 	(a)	Have you or any of your affiliates, officers, directors or principal equity holders (owners of 5% or more of the equity securities of the Selling Securityholder) held
any position or office or have you had any other material relationship with the Company (or its predecessors or affiliates) within the past three years? 

  

	 	 ̈	Yes. 

  

	 	 ̈	No. 

  

	 	(b)	If so, please state the nature and duration of your relationship with the Company: 

 

	6.	(a) Broker-Dealer Status 

 Is the
Selling Securityholder a broker-dealer registered pursuant to Section 15 of the Exchange Act? 
  

	 	 ̈	Yes. 

  

	 	 ̈	No. 

 Note that we may be
required to state that any registered broker-dealer may be an underwriter in the prospectus. 
 If so, please answer the
remaining questions in this section. 
 If the Selling Securityholder is a registered broker-dealer, please indicate whether the
Selling Securityholder purchased its Registrable Securities for investment or acquired them as transaction-based compensation for investment banking or similar services. 

If the Selling Securityholder is a registered broker-dealer and received its Registrable Securities other than as transaction-based
compensation, the Company may be required to state that you may be an underwriter in the Shelf Registration Statement and related Prospectus. 
  

	 	(b)	Affiliation with Broker-Dealers: 

Is the Selling Securityholder an affiliate of a registered broker-dealer? For purposes of this Item 5(b), an “affiliate” of
a specified person or entity means a person or entity that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, the person or entity specified. 

 

	 	 ̈	Yes. 

  

	 	 ̈	No. 

 If so, please answer the
remaining questions in this section. 
  

	 	(i)	Please describe the affiliation between the Selling Securityholder and any registered broker-dealers: 

	 	(ii)	If the Registrable Securities were purchased by the Selling Securityholder other than in the ordinary course of business, please describe the circumstances:

  

	 	(iii)	If the Selling Securityholder, at the time of its purchase of Registrable Securities, has had any agreements or understandings, directly or indirectly, with any person
to distribute the Registrable Securities, please describe such agreements or understandings: 

 Note that if
the Selling Securityholder is an affiliate of a broker-dealer and did not purchase its securities in the ordinary course of business or at the time of the purchase had any agreements or understandings, directly or indirectly, to distribute the
securities, we may be required to state that the Selling Securityholder may be an underwriter in the prospectus. 
  

	7.	Nature of Beneficial Holding. The purpose of this question is to identify the ultimate natural person(s) or publicly held entity that exercise(s) sole or shared
voting or dispositive power over the Registrable Securities.  

  

	 	(a)	Is the Selling Securityholder a natural person? 

  

	 	 ̈	Yes. 

  

	 	 ̈	No. 

  

	 	(b)	Is the Selling Securityholder required to file, or is it a wholly owned subsidiary of a company that is required to file, periodic and other reports (for example, Forms
10-K, 10-Q, 8-K) with the Securities and Exchange Commission pursuant to Section 13(a) or 15(d) of the Exchange Act? 

  

	 	 ̈	Yes. 

  

	 	 ̈	No. 

  

	 	(c)	State whether the Selling Securityholder is an investment company, or a subsidiary of an investment company, registered under the Investment Company Act of 1940, as
amended: 

  

	 	 ̈	Yes. 

  

	 	 ̈	No. 

 If a subsidiary, please
identify the publicly held parent entity: 
  

	 	(d)	If you answered “No” to questions (a), (b) and (c) above, please identify the controlling person(s) of the Selling Securityholder (the
“Controlling Entity”). If the Controlling Entity is not a natural person or a publicly held entity, please identify each controlling person(s) of such Controlling Entity. This process should be repeated until you reach natural persons or a
publicly held entity that exercise sole or shared voting or dispositive power over the Registrable Securities: 

 *** PLEASE
NOTE THAT THE SECURITIES AND EXCHANGE COMMISSION REQUIRES 
 THAT THESE NATURAL PERSONS BE NAMED IN THE PROSPECTUS *** 

If you need more space for this response, please attach additional sheets of paper. Please be sure to indicate your name and the number of
the item being responded to on each such additional sheet of paper, and to sign each such additional sheet of paper before attaching it to this Notice and Questionnaire. Please note that you may be asked to answer additional questions depending on
your responses to the above questions. 

	8.	Plan of Distribution: 

 Except as
set forth below, the undersigned (including its donees or pledgees) intends to distribute the Registrable Securities listed above in Item (3) pursuant to the Shelf Registration Statement only as follows (if at all): such Registrable Securities
may be sold from time to time directly by the undersigned or alternatively through underwriters, broker-dealers or agents. If the Registrable Securities are sold through underwriters, broker-dealers or agents, the Selling Securityholder will be
responsible for underwriting discounts or commissions or agent’s commissions. Such Registrable Securities may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of sale, at varying prices determined at
the time of sale, or at negotiated prices. Such sales may be effected in transactions (which may involve crosses or block transactions) (i) on any national securities exchange or quotation service on which the Registrable Securities may be
listed or quoted at the time of sale, (ii) in the over-the-counter market, (iii) in transactions otherwise than on such exchanges or services or in the over-the-counter market or (iv) through the writing of options. The Selling
Securityholder may pledge or grant a security interest in some or all of the Registrable Securities owned by it and, if it defaults in the performance of its secured obligations, the pledgees or secured parties may offer and sell the Registrable
Securities from time to time pursuant to the prospectus. The Selling Securityholder also may transfer and donate shares in other circumstances in which case the transferees, donees, pledgees or other successors in interest will be the Selling
Securityholder for purposes of the prospectus. 
 State any exceptions here:  

 

	Note:	In no event may such method(s) of distribution take the form of an underwritten offering of the Registrable Securities without the prior agreement of Digital Realty
Trust, Inc. 

 The Company hereby advises the Selling Securityholder of the following Compliance and Disclosure Interpretation
of the Staff of the Division of Corporation Finance of the Securities and Exchange Commission available at http://www.sec.gov/divisions/corpfin/guidance/sasinterp.htm regarding short selling: 

“Securities Act Sections—Section 239. Securities Act Section 5. 

239.10. An issuer filed a Form S-3 registration statement for a secondary offering of common stock which is not yet effective. One of the selling
shareholders wanted to do a short sale of common stock “against the box” and cover the short sale with registered shares after the effective date. The issuer was advised that the short sale could not be made before the registration
statement becomes effective, because the shares underlying the short sale are deemed to be sold at the time such sale is made. There would, therefore, be a violation of Section 5 if the shares were effectively sold prior to the effective date.
[Nov. 26, 2008].” 
 By returning this Notice and Questionnaire, the Selling Securityholder will be deemed to be aware of the foregoing
interpretation. 
 The undersigned acknowledges that it understands its obligation to comply with the provisions of the Exchange
Act and the rules thereunder relating to stock manipulation, particularly Regulation M thereunder (or any successor rules or regulations), in connection with any offering of Registrable Securities pursuant to the Shelf Registration Statement. The
undersigned agrees that neither it nor any person acting on its behalf will engage in any transaction in violation of such provisions. 

In accordance with the undersigned’s obligation under the Exchange Agreement to provide such information as may be required by law
for inclusion in the Shelf Registration Statement, the undersigned agrees to provide any additional information Digital Realty Trust, Inc. may reasonably request and to promptly notify Digital Realty Trust, Inc. of any inaccuracies or changes in the
information provided that may occur at any time while the Shelf Registration Statement remains effective. All notices hereunder and pursuant to the Exchange Agreement shall be made in writing by hand-delivery, first-class mail, or air courier
guaranteeing overnight delivery as follows: 
  

			
	To the Company:	  	Digital Realty Trust, Inc.
		  	560 Mission Street, Suite 2900
		  	San Francisco, CA 94105
		  	Attention: General Counsel

 In the event any Selling Securityholder transfers all or any portion of the Registrable
Securities listed in Item 3 above after the date on which such information is provided to Digital Realty Trust, Inc., the Selling Securityholder will notify the transferee(s) at the time of transfer of its rights and obligations under this
Notice and Questionnaire and the Exchange Agreement. 
 By signing this Notice and Questionnaire, the undersigned consents to
the disclosure of the information contained herein in its answers to items (1) through (8) above and the inclusion of such information in the Shelf Registration Statement, the related prospectus and any state securities or Blue Sky
applications. The undersigned understands that such information will be relied upon by Digital Realty Trust, Inc. without independent investigation or inquiry in connection with the preparation or amendment of the Shelf Registration Statement, the
related prospectus and any state securities or Blue Sky applications. 
 Once this Notice and Questionnaire is executed by the
Selling Securityholder and received by Digital Realty Trust, Inc., the terms of this Notice and Questionnaire and the representations and warranties contained herein shall be binding on, shall inure to the benefit of, and shall be enforceable by the
respective successors, heirs, personal representatives and assigns of Digital Realty Trust, Inc. and the Selling Securityholder with respect to the Registrable Securities beneficially owned by such Selling Securityholder and listed in Item
(3) above. This Notice and Questionnaire shall be governed by, and construed in accordance with, the laws of the State of New York without regard to the conflicts-of-laws provisions thereof. 

IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and Questionnaire to be executed and delivered
either in person or by its authorized agent. 
 Dated: 

 

			
	Beneficial Owner:
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

Please return the completed and executed notice and questionnaire to: 

Digital Realty Trust, Inc. 

560 Mission Street, Suite 2900 

San Francisco, CA 94105 

Attention: General Counsel

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