Document:

Form of Contribution Agreement among CyrusOne LP and Data Center Investments

 Exhibit 10.3 
 CONTRIBUTION AGREEMENT 
 DATED AS OF NOVEMBER [    ],
2012 
 BY AND AMONG 
 CYRUSONE LP, 
 a Maryland limited partnership 

AND 

DATA CENTER INVESTMENTS INC., 
 a Delaware corporation 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	
	ARTICLE I	  
	
	CONTRIBUTION	 
			
	Section 1.01.	  	CONTRIBUTION TRANSACTION	  	 	2	 
	Section 1.02.	  	CONSIDERATION	  	 	2	 
	Section 1.03.	  	FURTHER ACTION	  	 	2	 
	Section 1.04.	  	TREATMENT AS CONTRIBUTION	  	 	2	 
	
	ARTICLE II	  
	
	CLOSING	 
			
	Section 2.01.	  	CONDITIONS PRECEDENT	  	 	3	 
	Section 2.02.	  	TIME AND PLACE	  	 	4	 
	Section 2.03.	  	DELIVERY OF OP UNITS	  	 	4	 
	Section 2.04.	  	CLOSING DELIVERIES	  	 	4	 
	Section 2.05.	  	TERM OF THE AGREEMENT	  	 	4	 
	Section 2.06.	  	EFFECT OF TERMINATION	  	 	5	 
	Section 2.07.	  	TAX WITHHOLDING	  	 	5	 
	
	ARTICLE III	  
	
	REPRESENTATIONS AND WARRANTIES OF THE OPERATING PARTNERSHIP	 
			
	Section 3.01.	  	ORGANIZATION; AUTHORITY	  	 	5	 
	Section 3.02.	  	DUE AUTHORIZATION	  	 	6	 
	Section 3.03.	  	CONSENTS AND APPROVALS	  	 	6	 
	Section 3.04.	  	NO VIOLATION	  	 	6	 
	Section 3.05.	  	VALIDITY OF OP UNITS	  	 	6	 
	Section 3.06.	  	LITIGATION	  	 	6	 
	Section 3.07.	  	OP AGREEMENT	  	 	7	 
	Section 3.08.	  	LIMITED ACTIVITIES	  	 	7	 
	Section 3.09.	  	NO OTHER REPRESENTATIONS OR WARRANTIES	  	 	7	 
	
	ARTICLE IV	  
	
	REPRESENTATIONS AND WARRANTIES OF THE CONTRIBUTOR	 
			
	Section 4.01.	  	ORGANIZATION; AUTHORITY	  	 	7	 
	Section 4.02.	  	DUE AUTHORIZATION	  	 	8	 
	Section 4.03.	  	OWNERSHIP OF OWNERSHIP INTERESTS	  	 	8	 
	Section 4.04.	  	OWNERSHIP OF THE PROPERTIES	  	 	8	 
	Section 4.05.	  	CONSENTS AND APPROVALS	  	 	8	 

  
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	Section 4.06.	  	NO VIOLATION	  	 	9	 
	Section 4.07.	  	NON-FOREIGN PERSON	  	 	9	 
	Section 4.08.	  	TAXES	  	 	9	 
	Section 4.09.	  	SOLVENCY	  	 	9	 
	Section 4.10.	  	LITIGATION	  	 	9	 
	Section 4.11.	  	COMPLIANCE WITH LAWS	  	 	9	 
	Section 4.12.	  	EMINENT DOMAIN	  	 	10	 
	Section 4.13.	  	LICENSES AND PERMITS	  	 	10	 
	Section 4.14.	  	ENVIRONMENTAL COMPLIANCE	  	 	10	 
	Section 4.15.	  	CUSTOMER LEASES	  	 	10	 
	Section 4.16.	  	TANGIBLE PERSONAL PROPERTY	  	 	11	 
	Section 4.17.	  	ZONING	  	 	11	 
	Section 4.18.	  	INVESTMENT	  	 	11	 
	Section 4.19.	  	NO OTHER REPRESENTATIONS OR WARRANTIES	  	 	12	 
	
	ARTICLE V	  
	
	INDEMNIFICATION	 
			
	Section 5.01.	  	GENERAL INDEMNIFICATION	  	 	12	 
	Section 5.02.	  	NOTICE OF CLAIMS	  	 	12	 
	Section 5.03.	  	THIRD PARTY CLAIMS	  	 	13	 
	Section 5.04.	  	EXPIRATION	  	 	13	 
	Section 5.05.	  	LIMITATIONS ON AMOUNTS	  	 	13	 
	Section 5.06.	  	EXCLUSIVE REMEDY	  	 	14	 
	Section 5.07.	  	TAX TREATMENT	  	 	14	 
	
	ARTICLE VI	  
	
	COVENANTS AND OTHER AGREEMENTS	 
			
	Section 6.01.	  	COVENANTS OF THE CONTRIBUTOR	  	 	14	 
	Section 6.02.	  	 COMMERCIALLY REASONABLE EFFORTS BY THE OPERATING PARTNERSHIP AND THE CONTRIBUTOR
	  	 	15	 
	Section 6.03.	  	TAX AGREEMENT	  	 	15	 
	
	ARTICLE VII	  
	
	WAIVERS AND CONSENTS	 
	
	ARTICLE VIII	  
	
	GENERAL PROVISIONS	 
			
	Section 8.01.	  	NOTICES	  	 	15	 
	Section 8.02.	  	DEFINITIONS	  	 	16	 
	Section 8.03.	  	COUNTERPARTS	  	 	19	 

  
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	Section 8.04.	  	ENTIRE AGREEMENT; THIRD-PARTY BENEFICIARIES	  	 	19	 
	Section 8.05.	  	GOVERNING LAW	  	 	19	 
	Section 8.06.	  	ASSIGNMENT	  	 	19	 
	Section 8.07.	  	JURISDICTION	  	 	19	 
	Section 8.08.	  	SEVERABILITY	  	 	19	 
	Section 8.09.	  	RULES OF CONSTRUCTION	  	 	20	 
	Section 8.10.	  	EQUITABLE REMEDIES	  	 	20	 
	Section 8.11.	  	DESCRIPTIVE HEADINGS	  	 	20	 
	Section 8.12.	  	NO PERSONAL LIABILITY CONFERRED	  	 	20	 
	Section 8.13.	  	AMENDMENT; WAIVER	  	 	20	  

  
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 Defined Terms 

 

					
	 TERM
	  	SECTION	 
	Affiliate	  	 	Section 8.02	  
	Agreement	  	 	Introduction	  
	Business Day	  	 	Section 8.02	  
	CBI	  	 	Section 8.02	  
	Claim	  	 	Section 3.10	  
	Claim Notice	  	 	Section 3.10	  
	Closing	  	 	Section 2.02	  
	Closing Date	  	 	Section 2.02	  
	Code	  	 	Section 8.02	  
	Contributor	  	 	Introduction	  
	Customer Leases	  	 	Section 4.15	  
	CyrusOne Credit Agreement	  	 	Section 8.02	  
	CyrusOne GP	  	 	Recitals	  
	CyrusOne LLC	  	 	Recitals	  
	CyrusOne LLC Assets	  	 	Section 4.07	  
	Debt Issuance	  	 	Recitals	  
	Environmental Laws	  	 	Section 8.02	  
	Environmental Permits	  	 	Section 8.02	  
	Expiration Date	  	 	Article V	  
	Formation Transactions	  	 	Recitals	  
	Governmental Authority	  	 	Section 8.02	  
	Hazardous Materials	  	 	Section 8.02	  
	Indemnified Party	  	 	Article V	  
	Indemnifying Party	  	 	Article V	  
	Law	  	 	Section 8.02	  
	Liens	  	 	Section 8.02	  
	LLC Agreement	  	 	Section 8.02	  
	Losses	  	 	Article V	  
	Material Adverse Effect	  	 	Section 8.02	  
	OP Units	  	 	Recitals	  
	OP Value	  	 	Section 5.05	  
	Operating Partnership	  	 	Introduction	  
	Operating Partnership Agreement	  	 	Section 1.05	  
	Operating Partnership Subsidiaries	  	 	Section 3.01	  
	Order	  	 	Section 8.02	  
	Outside Date	  	 	Section 2.06	  
	Ownership Interests	  	 	Recitals	  
	Permitted Lien	  	 	Section 8.02	  
	Person	  	 	Section 8.02	  
	Properties	  	 	Recitals	  
	REIT	  	 	Introduction	  
	REIT Common Stock	  	 	Section 8.02	  
	Release	  	 	Section 8.02	  
	Securities Act	  	 	Section 8.02	  
	Subsidiary	  	 	Section 8.02	  
	Tax	  	 	Section 8.02	  
	Tax Return	  	 	Section 8.02	  
	Third Party Claims	  	 	Article V	  
	Total Consideration	  	 	Section 1.02	  

  
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 CONTRIBUTION AGREEMENT 

THIS CONTRIBUTION AGREEMENT is made and entered into as of November [    ], 2012 (this “Agreement”),
by and between CyrusOne LP, a Maryland limited partnership (the “Operating Partnership”), which is a Subsidiary of CyrusOne Inc., a Maryland corporation (the “REIT”), and Data Center Investments Inc., a Delaware
corporation (the “Contributor”). 
 RECITALS 

WHEREAS, the REIT desires to consolidate the ownership of a portfolio of properties listed on Exhibit A (the
“Properties”) through a series of transactions whereby the Operating Partnership will acquire all of the interests in CyrusOne LLC, a Delaware limited liability company (“CyrusOne LLC”), which owns or holds,
directly or indirectly, fee simple or leasehold interests in the Properties; 
 WHEREAS, the Contributor owns all of the
interests in CyrusOne LLC; 
 WHEREAS, the transactions contemplated by this Agreement and certain other internal restructuring
transactions to be completed prior to or on the Closing Date as set forth on Exhibit B-1 (collectively, the “Formation Transactions”) are related to the proposed issuance of 6.375% senior notes due 2022 of the Operating
Partnership and CyrusOne Finance Corp., a Maryland corporation, as co-issuers (the “Debt Issuance”); 

WHEREAS, the Contributor will transfer its interests in CyrusOne LLC (which includes all of CyrusOne LLC’s interests in CyrusOne
Foreign Holdings LLC, a Delaware limited liability company, CyrusOne UK Holdco LLP, a U.K. limited liability partnership and CyrusOne UK Limited, a U.K. limited company, each a Subsidiary of CyrusOne LLC) to the Operating Partnership in exchange for
units of limited partnership interest (“OP Units”) in the Operating Partnership, with each OP Unit being equal in value to one share of REIT Common Stock; 
 WHEREAS, the Contributor desires to, and the Operating Partnership desires the Contributor to, contribute to the Operating Partnership, all of the Contributor’s right, title and interest, free and
clear of all Liens, except for Permitted Liens, including, without limitation, all of its voting rights and interests in the capital, profits and losses of CyrusOne LLC or any property distributable therefrom, constituting all of its interests in
and to CyrusOne LLC (such rights, title and interests in and to CyrusOne LLC are collectively referred to as the “Ownership Interests”), in exchange for OP Units, on the terms and subject to the conditions set forth herein; and

 WHEREAS, all necessary approvals have been obtained by the parties to this Agreement to consummate the transactions
contemplated herein and the other Formation Transactions. 
 NOW, THEREFORE, in consideration of the foregoing and the
representations, warranties, covenants and other terms contained in this Agreement, the parties hereto, intending to be legally bound hereby, agree as follows: 

 ARTICLE I 
 CONTRIBUTION 
 Section 1.01. CONTRIBUTION TRANSACTION. At the Closing
and subject to the terms and conditions contained in this Agreement, the Contributor hereby assigns, sets over, and transfers to the Operating Partnership, absolutely and unconditionally and free and clear of all Liens, except for Permitted Liens,
all of the Contributor’s right, title and interest in and to the Ownership Interests, in exchange for the consideration set forth in Section 1.02. 
 Section 1.02. CONSIDERATION. The Operating Partnership shall, in exchange for the Ownership Interests, transfer to the Contributor [    ] OP Units (the “Total
Consideration”). The transfer of OP Units to the Contributor shall be evidenced by an amendment to the Operating Partnership Agreement in such form as shall be reasonably acceptable to the Contributor. 

Section 1.03. FURTHER ACTION. If, at any time after the Closing, the Operating Partnership shall determine or be advised that any
deeds, bills of sale, assignments, assurances or other actions or things are necessary or desirable to vest, perfect or confirm of record or otherwise in the Operating Partnership the right, title or interest in or to the Ownership Interests
contributed by the Contributor, the Contributor shall execute and deliver all such deeds, bills of sale, assignments and assurances and take and do all such other actions and things as may be necessary or desirable to vest, perfect or confirm any
and all right, title and interest in or to the Ownership Interests or otherwise to carry out this Agreement; provided, that the Contributor shall not be obligated to take any action or execute any document if the additional actions or
documents impose additional liabilities, obligations, covenants, responsibilities, representations or warranties on the Contributor that are not contemplated by this Agreement or reasonably inferable by the terms herein. 

Section 1.04. TREATMENT AS CONTRIBUTION. 
 (a) Any transfer, assignment and exchange by the Contributor effectuated pursuant to this Agreement shall constitute a “Capital Contribution” by the Contributor to the Operating Partnership as
defined in Article I of the Operating Partnership Agreement (as defined) and is intended to be governed by Section 721(a) of the Code. 
 (b) The Contributor and the Operating Partnership agree to the tax treatment described in Section 1.04(a), and the Contributor and the Operating Partnership shall file their respective Tax Returns
consistent with such treatment, unless otherwise required by applicable Law. 

  
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 ARTICLE II 
 CLOSING 
 Section 2.01. CONDITIONS PRECEDENT. 

(a) Condition to Each Party’s Obligations. The respective obligation of each party to effect the contributions
contemplated by this Agreement and to consummate the other transactions contemplated hereby to occur on the Closing Date is subject to the satisfaction or waiver of the following conditions: 

(i) Debt Issuance Proceeds. All conditions to the Debt Issuance shall have been satisfied and the initial
purchasers under the purchase agreement relating to the Debt Issuance shall be prepared to fund the Debt Issuance. This condition may not be waived by any party. 

(ii) No Injunction. No Governmental Authority shall have enacted, issued, promulgated, enforced or entered any
statute, rule, regulation, executive order, decree, judgment, injunction or other order (whether temporary, preliminary or permanent), in any case which is in effect and which prevents or prohibits consummation of any of the transactions
contemplated in this Agreement or any of the other Formation Transactions nor shall any of the same brought by a Governmental Authority of competent jurisdiction be pending that seeks the foregoing. 

(iii) Formation Transactions. The Formation Transactions set forth on Exhibit B-2 shall have been
consummated not later than concurrently herewith. This condition may not be waived by any party. 
 (b)
Conditions to Obligations of the Operating Partnership. The obligations of the Operating Partnership are further subject to satisfaction of the following conditions (any of which may be waived by the Operating Partnership in whole or in
part): 
 (i) Representations and Warranties. Except as would not have a Material Adverse Effect, the
representations and warranties of the Contributor contained in this Agreement shall be true and correct at and as of the Closing (except to the extent that any such representation or warranty speaks as of an earlier date, in which case it must be
true and correct only as of such earlier date). 
 (ii) Performance by the Contributor. The Contributor
shall have performed in all material respects all agreements and covenants required by this Agreement to be performed or complied with by it on or prior to the Closing Date. 

(iii) Consents, Etc. All necessary consents and approvals of Governmental Authorities or third parties (including
lenders) for the Contributor to consummate the transactions contemplated hereby (except for those the absence of which would not have a material adverse effect on the ability of the Contributor to consummate the transactions contemplated by this
Agreement) and the other Formation Transactions shall have been obtained. 
 (iv) No Material Adverse
Change. There shall not have occurred between the date hereof and the Closing Date any material adverse change in the business, financial condition, properties or results of operations of CyrusOne LLC. 

  
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 (c) Conditions to Obligations of the Contributor. The obligations of
the Contributor are further subject to satisfaction of the following conditions (any of which may be waived by the Contributor in whole or in part): 
 (i) Representations and Warranties. Except as would not have a Material Adverse Effect, the representations and warranties of the Operating Partnership contained in this Agreement shall be true and
correct at and as of the Closing (except to the extent that any such representation or warranty speaks as of an earlier date, in which case it must be true and correct only as of such earlier date). 

(ii) Performance by the Operating Partnership. The Operating Partnership shall have performed in all material
respects all agreements and covenants required by this Agreement to be performed or complied with by it on or prior to the Closing Date. 
 Section 2.02. TIME AND PLACE. Unless this Agreement shall have been terminated pursuant to Section 2.05, and subject to satisfaction or waiver of the conditions in Section 2.01, the closing
of the transfers contemplated by Sections 1.01 and 1.02 and the other transactions contemplated hereby (the “Closing”) shall occur immediately prior to the time the Operating Partnership receives the proceeds from the Debt Issuance
on November [    ], 2012 (the “Closing Date”). The Closing shall take place at the offices of Cravath, Swaine & Moore LLP, 825 Eighth Avenue, New York, New York 10019 or such other place as mutually
determined by the parties hereto. The transfers described in Sections 1.01 and 1.02 and all closing deliveries shall be deemed concurrent for all purposes. 
 Section 2.03. DELIVERY OF OP UNITS. The issuance of the OP Units to the Contributor shall be evidenced by an amendment to the Operating Partnership Agreement in such form as shall be reasonably
acceptable to the Contributor. 
 Section 2.04. CLOSING DELIVERIES. At the Closing, the parties shall make, execute,
acknowledge and deliver, or cause to be made, executed, acknowledged and delivered, any other documents reasonably requested by the Operating Partnership or the Contributor or reasonably necessary or desirable to assign, transfer, convey, contribute
and deliver the Ownership Interests, free and clear of all Liens, except for Permitted Liens, and to effectuate the transactions contemplated hereby. 
 Section 2.05. TERM OF THE AGREEMENT. This Agreement shall terminate automatically if the contributions contemplated by this Agreement shall not have been consummated on or prior to the second
Business Day following the date hereof (such date is hereinafter referred to as the “Outside Date”), unless extended in writing by the parties to this Agreement. 

  
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 Section 2.06. EFFECT OF TERMINATION. In the event of termination of this Agreement for
any reason, all obligations on the part of the Operating Partnership and the Contributor under this Agreement shall terminate, except that the obligations set forth in Article VIII shall survive; it being understood and agreed, however, for the
avoidance of doubt, that if this Agreement is terminated because one or more of the conditions to a non-breaching party’s obligations under this Agreement is not satisfied by the Outside Date as a result of the other party’s material
breach of a covenant, representation, warranty or other obligation under this Agreement, the non-breaching party’s right to pursue all legal remedies with respect to such breach will survive such termination unimpaired. 

Section 2.07. TAX WITHHOLDING. The Operating Partnership shall be entitled to deduct and withhold, from the consideration payable
pursuant to this Agreement to the Contributor, such amounts as the Operating Partnership is required to deduct and withhold with respect to the making of such payment under the Code or any provision of state, local or foreign Tax Law. To the extent
that amounts are so withheld by the Operating Partnership, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Contributor in respect of which such deduction and withholding was made by the Operating
Partnership. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES OF THE OPERATING PARTNERSHIP 
 The Operating
Partnership hereby represents and warrants to and covenants with the Contributor as follows: 
 Section 3.01. ORGANIZATION;
AUTHORITY. 
 (a) The Operating Partnership is a limited partnership duly organized, validly existing and in good
standing under the Law of the State of Maryland. The Operating Partnership has all requisite power and authority to enter this Agreement and each other agreement, document and instrument contemplated hereby and to carry out the transactions
contemplated hereby and thereby, and to own, lease or operate its property and to carry on its business as presently conducted and, to the extent required under applicable Law, is qualified to do business and is in good standing in each jurisdiction
in which the nature of its business or the character of its property make such qualification necessary, other than in such jurisdictions where the failure to be so qualified would not have a material adverse effect on the business, financial
condition, properties or results of operations of the Operating Partnership and the Subsidiaries of the Operating Partnership (the “Operating Partnership Subsidiaries” and, each individually, an “Operating Partnership
Subsidiary”), taken as a whole. 
 (b) Exhibit C sets forth as of the date hereof, (i) each
Operating Partnership Subsidiary, (ii) the ownership interest therein of the Operating Partnership and (iii) if not wholly owned by the Operating Partnership, the identity and ownership interest of each of the other owners of such
Operating Partnership Subsidiary. Each Operating Partnership Subsidiary has been duly organized or formed and is validly existing under the Law of its jurisdiction of organization or formation, as applicable, has all power and authority to own,
lease or operate its property and to carry on its business as presently conducted and, to the extent required under applicable Law, is qualified to do business and is in good standing in each jurisdiction in which the nature of its business or the
character of its property make such qualification necessary, except where the failure to be so qualified would not have a material adverse effect on the business, financial condition, properties or results of operations of the Operating Partnership
and the Operating Partnership Subsidiaries, taken as a whole. 

  
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 Section 3.02. DUE AUTHORIZATION. The execution, delivery and performance of this
Agreement and each other agreement, document and instrument contemplated hereby by the Operating Partnership has been duly and validly authorized by all necessary action of the Operating Partnership. This Agreement and each agreement, document and
instrument executed and delivered by or on behalf of the Operating Partnership pursuant to this Agreement constitutes, or when executed and delivered will constitute, the legal, valid and binding obligation of the Operating Partnership, each
enforceable against the Operating Partnership in accordance with its terms, subject to applicable bankruptcy, insolvency, moratorium or other similar Law relating to creditors’ rights and general principles of equity. 

Section 3.03. CONSENTS AND APPROVALS. Except in connection with the Debt Issuance or as set forth on Schedule 3.03, no
material consent, waiver, approval or authorization of, or filing with, any Person or Governmental Authority or under any applicable Law is required to be obtained by the Operating Partnership in connection with the execution, delivery and
performance of this Agreement, the transactions contemplated hereby or the other Formation Transactions. 
 Section 3.04.
NO VIOLATION. None of the execution, delivery or performance of this Agreement, or any agreement contemplated hereby between the parties to this Agreement or the consummation of the transactions contemplated hereby or thereby (including the other
Formation Transactions) does or will, with or without the giving of notice, lapse of time, or both, violate, conflict with, result in a breach of, or constitute a default under (a) the organizational documents of the Operating Partnership,
(b) any term or provision of any judgment, order, writ, injunction, or decree binding on the Operating Partnership or (c) any other agreement to which the Operating Partnership is a party thereto. 

Section 3.05. VALIDITY OF OP UNITS. The OP Units to be issued to the Contributor pursuant to this Agreement have been duly
authorized by the Operating Partnership and, when issued against the consideration therefor, will be validly issued by the Operating Partnership, free and clear of all Liens created by the Operating Partnership (other than Liens created by the
Operating Partnership Agreement). 
 Section 3.06. LITIGATION. There is no action, suit or proceeding pending or, to the
Operating Partnership’s knowledge, threatened against the Operating Partnership or any Operating Partnership Subsidiary which, if adversely determined, would be reasonably expected to have a material adverse effect on the business, financial
condition, properties or results of operations of the Operating Partnership and the Operating Partnership Subsidiaries, taken as a whole, or which would reasonably be expected to impair the ability of the Operating Partnership to execute or deliver,
or perform its obligations under, this Agreement and each other agreement, document and instrument executed by it pursuant to this Agreement or to consummate the transactions contemplated hereby or thereby. 

  
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 Section 3.07. OP AGREEMENT. Attached as Exhibit D hereto is a true and complete
copy of the Operating Partnership Agreement. 
 Section 3.08. LIMITED ACTIVITIES. Except for activities in connection with
the Debt Issuance or the Formation Transactions, the Operating Partnership and the Operating Partnership Subsidiaries have not engaged in any material business or incurred any material obligations. 

Section 3.09. NO OTHER REPRESENTATIONS OR WARRANTIES. Other than the representations and warranties expressly set forth in this
Article III, the Operating Partnership shall not be deemed to have made any other representation or warranty in connection with this Agreement or the transactions contemplated hereby. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF THE CONTRIBUTOR 
 The Contributor hereby represents, warrants and agrees that as of the Closing Date: 
 Section 4.01. ORGANIZATION; AUTHORITY. 
 (a) The Contributor
is a corporation duly organized, validly existing and in good standing under the Law of the State of Delaware. The Contributor has all requisite power and authority to enter this Agreement and each other agreement, document and instrument
contemplated hereby and to carry out the transactions contemplated hereby and thereby, and to own, lease or operate its property and to carry on its business as presently conducted and, to the extent required under applicable Law, is qualified to do
business and is in good standing in each jurisdiction in which the nature of its business or the character of its property make such qualification necessary, other than in such jurisdictions where the failure to be so qualified would not have a
material adverse effect on the business, financial condition, properties or results of operations of the Contributor. 
 (b) CyrusOne LLC is a limited liability company duly organized, validly existing and in good standing under the Law of the State of Delaware. CyrusOne LLC has all power and authority to own, lease or
operate its property and to carry on its business as presently conducted and, to the extent required under applicable Law, is qualified to do business and is in good standing in each jurisdiction in which the nature of its business or the character
of its property make such qualification necessary, except where the failure to be so qualified would not have a material adverse effect on the business, financial condition, properties or results of operations of CyrusOne LLC. 

  
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 Section 4.02. DUE AUTHORIZATION. The execution, delivery and performance of this
Agreement and each other agreement, document and instrument contemplated hereby by the Contributor has been duly and validly authorized by all necessary action of the Contributor. This Agreement and each agreement, document and instrument executed
and delivered by or on behalf of the Contributor pursuant to this Agreement constitutes, or when executed and delivered will constitute, the legal, valid and binding obligation of the Contributor, each enforceable against the Contributor in
accordance with its terms, subject to applicable bankruptcy, insolvency, moratorium or other similar Law relating to creditors’ rights and general principles of equity. 
 Section 4.03. OWNERSHIP OF OWNERSHIP INTERESTS. The Contributor is the record owner of the Ownership Interests and has the power and authority to transfer, sell, assign and convey to the Operating
Partnership such Ownership Interests free and clear of any Liens, except for Permitted Liens, and, upon delivery of the consideration for such Ownership Interests as provided herein, the Operating Partnership will acquire good and valid title
thereto, free and clear of any Liens, except for Permitted Liens and Liens created by the Operating Partnership Agreement. Except as provided for or contemplated by this Agreement or any other agreement, document or instrument contemplated hereby,
there are no rights, subscriptions, warrants, options, conversion rights, preemptive rights, agreements, instruments or understandings of any kind outstanding (a) relating to the Ownership Interests or (b) to purchase, transfer or to
otherwise acquire, or to in any way encumber, any of the interests which comprise such Ownership Interests or any securities or obligations of any kind convertible into any of the interests which comprise such Ownership Interests or other equity
interests or profit participation of any kind in CyrusOne LLC. All of the issued and outstanding Ownership Interests have been duly authorized and are validly issued, fully paid and non-assessable. 

Section 4.04. OWNERSHIP OF THE PROPERTIES. 
 (a) Except as set forth on Schedule 4.04(a), CyrusOne LLC or any Subsidiary of CyrusOne LLC that owns any of the Property that is designated as owned real property in Exhibit A hereto has
good and marketable title in fee simple to such Property free and clear of all Liens except Permitted Liens. 

(b) Except as set forth on Schedule 4.04(b), CyrusOne LLC or any Subsidiary of CyrusOne LLC that leases any of the
Property that is designated as leased real property in Exhibit A hereto has a valid leasehold interest in, and enjoys peaceful and undisturbed possession (consistent with historical use) of such Property, in each case free and clear of all
Liens except Permitted Liens. Neither CyrusOne LLC nor any Subsidiary of CyrusOne LLC has received any written notice of any material uncured default under any of the real property leases pursuant to which it leases such Properties, and to the
Contributor’s knowledge there is no material uncured default by any landlord thereunder, except in each case as would not reasonably be expected to have a Material Adverse Effect. 

Section 4.05. CONSENTS AND APPROVALS. Except as shall have been satisfied on or prior to the Closing Date, no consent, waiver,
approval or authorization of, or filing with, any Person or Governmental Authority or under any applicable Law is required to be obtained by the Contributor in connection with the execution, delivery and performance of this Agreement, each other
agreement, document and instrument contemplated hereby, the transactions contemplated hereby or the other Formation Transactions, except for those consents, waivers, approvals, authorizations or filings, the failure of which to obtain or to file
would not have a Material Adverse Effect. 

  
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 Section 4.06. NO VIOLATION. None of the execution, delivery or performance of this
Agreement or any agreement contemplated hereby between the parties to this Agreement or the consummation of the transactions contemplated hereby or thereby (including the other Formation Transactions) does or will, with or without the giving of
notice, lapse of time, or both, violate, conflict with, result in a breach of, or constitute a default under or give to others any right of termination, acceleration, cancelation or other right under, (a) the organizational documents of the
Contributor (b) any agreement, document or instrument to which the Contributor is a party or by which the Contributor is bound or (c) any term or provision of any judgment, order, writ, injunction or decree binding on the Contributor (or
its assets or properties), except, in the case of (b) and (c), any such breaches or defaults that would not have a Material Adverse Effect. 
 Section 4.07. NON-FOREIGN PERSON. The Contributor is a United States person (as defined in the Code) and is, therefore, not subject to the provisions of the Code relating to the withholding of sales
or exchange proceeds to foreign persons. 
 Section 4.08. TAXES. To the Contributor’s knowledge, and except as would
not have a Material Adverse Effect, (a) all Tax Returns and reports required to be filed with respect to the Properties and all other assets owned by CyrusOne LLC immediately prior to the transactions contemplated by this agreement
(collectively, the “CyrusOne LLC Assets”) have been timely filed (after giving effect to any filing extension properly granted by a Governmental Authority having authority to do so) and all such returns and reports are accurate and
complete in all material respects, (b) all Taxes required to be paid with respect to the CyrusOne LLC Assets have been paid and (c) no deficiencies for any Taxes have been proposed, asserted or assessed with respect to the CyrusOne LLC
Assets, and no requests for waivers of the time to assess any such Taxes are pending. 
 Section 4.09. SOLVENCY. The
Contributor has been and will be solvent at all times prior to and for the 90-day period following the transfer of the Ownership Interests to the Operating Partnership. 
 Section 4.10. LITIGATION. There is no action, suit or proceeding pending or, to the Contributor’s knowledge, threatened against the Contributor which, if adversely determined, would reasonably
be expected to impair the ability of the Contributor to execute or deliver, or perform its obligations under, this Agreement and each other agreement, document and instrument executed by it pursuant to this Agreement or to consummate the
transactions contemplated hereby or thereby or the other Formation Transactions. 
 Section 4.11. COMPLIANCE WITH LAWS. In
connection with the operation of CyrusOne LLC , except as set forth on Schedule 4.10, to the Contributor’s knowledge, the Properties have been maintained, and the Contributor has not received written notice that any such Property is not,
in compliance in all material respects with all applicable laws, ordinances, rules, regulations, codes, orders and statutes (including, without limitation, those currently relating to fire safety, conservation, parking, Americans with Disabilities
Act, zoning and building laws) whether federal, state or local, except where the failure to so comply would not have a Material Adverse Effect. Compliance with Environmental Laws is not addressed by this Section 4.11, but rather solely by
Section 4.14. 

  
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 Section 4.12. EMINENT DOMAIN. There is no existing or, to the Contributor’s
knowledge, proposed or threatened condemnation, eminent domain or similar proceeding, or private purchase in lieu of such a proceeding, in respect of all or any material portion of the Properties. 

Section 4.13. LICENSES AND PERMITS. Except as set forth on Schedule 4.13, to the Contributor’s knowledge, all licenses,
permits or other governmental approvals (including certificates of occupancy) required to be obtained by the owner of any Property in connection with the construction, use, occupancy, management, leasing and operation of such Properties have been
obtained and are in full force and effect and in good standing, except for those licenses, permits and other governmental approvals, the failure of which to obtain or maintain in good standing would not have a Material Adverse Effect. 

Section 4.14. ENVIRONMENTAL COMPLIANCE. Except as set forth on Schedule 4.14, to the Contributor’s knowledge, CyrusOne
LLC and its Subsidiaries are currently in compliance with all Environmental Laws and Environmental Permits, except where the failure to so comply would not have a Material Adverse Effect. The Contributor has not received any written notice from the
United States Environmental Protection Agency or any other federal, state, county or municipal entity or agency that regulates Hazardous Materials or public health risks or other environmental matters or any other private party or Person claiming
any current violation of, or requiring current compliance with, any Environmental Laws or Environmental Permits or demanding payment or contribution for any Release or other environmental damage in, on, under, or upon any of the Properties. No
litigation in which the Contributor, CyrusOne LLC or any Subsidiary of CyrusOne LLC is a named party is pending with respect to Hazardous Materials located in, on, under or upon any of the Properties, and, to such Contributor’s knowledge, no
investigation in such respect is pending and no such litigation or investigation has been threatened in writing in the last twelve months by any Governmental Entity or any third party. To the Contributor’s knowledge, except as set forth on
Schedule 4.14, there are no environmental conditions existing at, on, under, upon or affecting the Properties any portion thereof that would reasonably be likely to result in any claim, liability or obligation under any Environmental Laws or
Environmental Permit or any claim by any third party that would have a Material Adverse Effect. 
 Section 4.15. CUSTOMER
LEASES. To the Contributor’s knowledge, except as set forth on Schedule 4.15, (i) all leases, licenses, subleases, tenancies, possession agreements and occupancy agreements with tenants, subtenants or licensees related to the
Properties (the “Customer Leases”) are in full force and effect, (ii) no monetary or material non-monetary default (beyond applicable notice and cure periods) by any party exists under any such Customer Lease and (iii) no
tenant under any of such Customer Leases is presently the subject of any voluntary or involuntary bankruptcy or insolvency proceedings, except in each case as would not reasonably be expected to have a Material Adverse Effect. 

  
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 Section 4.16. TANGIBLE PERSONAL PROPERTY. To the Contributor’s knowledge, except
as set forth on Schedule 4.16, or as would not have a Material Adverse Effect, each of CyrusOne LLC and its Subsidiaries’ interests in any fixtures or personal property that are reflected on the financial statements of such entity as
owned by such entity, are owned free and clear of all Liens other than Permitted Liens. 
 Section 4.17. ZONING. Except as
set forth on Schedule 4.17, the Contributor has not received (i) any written notice (which remains uncured) from any Governmental Authority stating that any of the Properties is currently violating any zoning, land use or other similar
rules or ordinances in any material respect, or (ii) any written notice of any pending or threatened proceedings for the rezoning (i.e., as opposed to the current zoning) of any of the Properties or any portion thereof except, in each case as
would not have a Material Adverse Effect. 
 Section 4.18. INVESTMENT. The Contributor acknowledges that the offering and
issuance of the OP Units to be acquired pursuant to this Agreement are intended to be exempt from registration under the Securities Act and that the Operating Partnership’s reliance on such exemptions is predicated in part on the accuracy and
completeness of the representations and warranties of the Contributor contained herein. In furtherance thereof, the Contributor represents and warrants to the Operating Partnership as follows: 

(a) The Contributor is an “accredited investor” (as such term is defined in Rule 501(a) of Regulation D
promulgated under the Securities Act). 
 (b) The Contributor is acquiring the OP Units solely for its own
account for the purpose of investment and not as a nominee or agent for any other Person and not with a view to, or for offer or sale in connection with, any distribution of any thereof in violation of the securities Law. 

(c) The Contributor is knowledgeable, sophisticated and experienced in business and financial matters; the Contributor has
previously invested in securities similar to the OP Units and fully understands the limitations on transfer imposed by the federal securities Law. The Contributor is able to bear the economic risk of holding the OP Units for an indefinite period and
is able to afford the complete loss of its investment in the OP Units; the Contributor has received and reviewed all information and documents about or pertaining to the Operating Partnership and the business and prospects of the Operating
Partnership and the issuance of the OP Units as the Contributor deems necessary or desirable, and has been given the opportunity to obtain any additional information or documents and to ask questions and receive answers about such information and
documents, the Operating Partnership and the business and prospects of the Operating Partnership which the Contributor deems necessary or desirable to evaluate the merits and risks related to its investment in the OP Units; and the Contributor
understands and has taken cognizance of all risk factors related to the purchase of the OP Units. The Contributor is relying upon its own independent analysis and assessment (including with respect to taxes), and the advice of the Contributor’s
advisors (including tax advisors), and not upon that of the Operating Partnership or any of the Operating Partnership’s Affiliates, for purposes of evaluating, entering into, and consummating the transactions contemplated hereby. 

(d) The Contributor acknowledges that the OP Units have not been registered under the Securities Act and, therefore, may
not be sold unless registered under the Securities Act or an exemption from registration is available. 

  
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 Section 4.19. NO OTHER REPRESENTATIONS OR WARRANTIES. Other than the representations
and warranties expressly set forth in this Article IV, the Contributor shall not be deemed to have made any other representation or warranty in connection with this Agreement or the transactions contemplated hereby. 

ARTICLE V 

INDEMNIFICATION 
 Section 5.01. GENERAL INDEMNIFICATION. From and after the Closing Date, each party hereto (each of which is an “Indemnifying Party”) shall indemnify and hold harmless the other party
and its Affiliates (each of which is an “Indemnified Party”) from and against any and all charges, complaints, claims, actions, causes of action, losses, damages, liabilities and expenses of any nature whatsoever, including amounts
paid in settlement, reasonable attorneys’ fees, costs of investigation, costs of investigative judicial or administrative proceedings or appeals therefrom and costs of attachment or similar bonds (collectively, “Losses”)
arising out of or relating to, asserted against, imposed upon or incurred by the Indemnified Party in connection with or as a result of any breach of a representation, warranty or covenant of the Indemnifying Party contained in this Agreement or in
any schedule, exhibit, certificate or affidavit or any other agreement, document or instrument delivered by the Indemnifying Party pursuant to this Agreement; provided, however, that: (i) the Operating Partnership shall not have
any obligation under this Article to indemnify any Indemnified Party against any Losses to the extent that such Losses arise by virtue of (A) any diminution in value of the OP Units, (B) the Contributor’s breach of this Agreement,
gross negligence, wilful misconduct or fraud or (C) CyrusOne LLC’s operation of its business or the ownership and operation of its assets outside of the ordinary course of business prior to the Closing Date; and (ii) the Contributor
shall not have any obligation under this Article to indemnify any Indemnified Party against any Losses to the extent that such Losses arise by virtue of (A) any diminution in value of the Properties, (B) the Operating Partnership’s
breach of this Agreement, gross negligence, wilful misconduct or fraud or (C) the Operating Partnership’s operation of its business or the ownership and operation of its assets outside of the ordinary course of business prior to the
Closing Date; and 
 Section 5.02. NOTICE OF CLAIMS. At the time when any Indemnified Party learns of any potential claim
that is subject to indemnification pursuant to the terms of this Agreement (a “Claim”) against the Indemnifying Party it will promptly give written notice (a “Claim Notice”) to the Indemnifying Party;
provided that failure to do so shall not prevent recovery under this Agreement, except to the extent that the Indemnifying Party shall have been materially prejudiced by such failure. Each Claim Notice shall describe in reasonable detail the
facts known to such Indemnified Party giving rise to such Claim, and the amount or good faith estimate of the amount of Losses arising therefrom. Unless prohibited by Law, such Indemnified Party shall deliver to the Indemnifying Party, promptly
after such Indemnified Party’s receipt thereof, copies of all notices and documents (including court papers) received by such Indemnified Party relating to claims asserted by third parties (“Third Party Claims”). Any

  
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Indemnified Party may at its option demand indemnity under this Article V as soon as a Claim has been threatened by a third party, regardless of whether an actual Loss has been suffered, so long
as such Indemnified Party shall in good faith determine that such claim is not frivolous and that such Indemnified Party may be liable for, or otherwise incur, a Loss as a result thereof. 

Section 5.03. THIRD PARTY CLAIMS. The Indemnifying Party shall be entitled, at its own expense, to assume and control the defense of
any Claims based on Third Party Claims, through counsel chosen by the Indemnifying Party and reasonably acceptable to such Indemnified Party (or any person authorized by such Indemnified Party to act on its behalf), if it gives written notice of its
intention to do so to such Indemnified Party within 30 days of the receipt of the applicable Claim Notice; provided, however, that such Indemnified Party may at all times participate in such defense at its expense. Without limiting the
foregoing, in the event that the Indemnifying Party exercises the right to undertake any such defense against a Third Party Claim, such Indemnified Party shall cooperate with the Indemnifying Party in such defense and make available to the
Indemnifying Party (unless prohibited by Law), at the Indemnifying Party’s expense, all witnesses, pertinent records, materials and information in such Indemnified Party’s possession or under such Indemnified Party’s control relating
thereto as is reasonably required by the Indemnifying Party. No compromise or settlement of such Third Party Claim may be effected by either such Indemnified Party, on the one hand, or the Indemnifying Party, on the other hand, without the
other’s consent (which consent shall not be unreasonably withheld, conditioned or delayed) unless (i) there is no finding or admission of any violation of Law and no effect on any other claims that may be made against such other party and
(ii) each Indemnified Party that is party to such claim is released from all liability with respect to such claim. 

Section 5.04. EXPIRATION. 
 (a) Subject to the limitations set forth in this Agreement, all representations, warranties, covenants and agreements (including those relating to indemnification in Section 5.01) made herein shall
survive the Closing. 
 (b) Unless otherwise specified in this Agreement, all representations, warranties and
covenants of the Indemnifying Party contained in this Agreement shall survive until twelve months after the Closing Date (the “Expiration Date”). If written notice of a claim in accordance with the provisions of this Article V has
been given prior to the Expiration Date, then the relevant representation, warranty and covenant shall survive, but only with respect to such specific claim, until such claim has been finally resolved. Any claim for indemnification not so asserted
in writing by the Expiration Date may not thereafter be asserted and shall forever be waived. 
 Section 5.05. LIMITATIONS
ON AMOUNTS. 
 (a) Except as provided in subparagraph (b) below, the Contributor shall not have any
liability under Section 5.01 for any Losses hereunder (i) unless and until the aggregate total amount of all such Losses for which the Contributor would, but for this provision, be liable exceeds, on a cumulative basis, one percent
(1%) of the aggregate fair market value as of the Closing Date of the OP Units issued to the Contributor on the Closing Date (the “OP Value”), and then only to the extent of such excess, (ii) in excess of, on a cumulative
basis, ten percent (10%) of the fair market value as of the Closing Date of the OP Units issued to the Contributor in respect of any Property, to the extent such Losses are directly related to or arise out of such Property and (iii) in
excess of, on a cumulative basis, ten percent (10%) of the OP Value. 

  
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 (b) The limitations in subparagraph (a) above shall not apply to any
Losses resulting from breach of Section 4.04 with respect to a specific Property unless and until such time as the Operating Partnership (or a Subsidiary of the Operating Partnership) obtains an endorsement providing the Operating Partnership
with the benefit of the existing title insurance policy held by CBI or one of its Subsidiaries with respect to such Property, if any, or a new title insurance policy for the benefit of the Operating Partnership (or a Subsidiary of the Operating
Partnership) in the same amount as the lenders’ title insurance policy required to be obtained under the CyrusOne Credit Agreement. 
 Section 5.06. EXCLUSIVE REMEDY. In furtherance of the foregoing, the Indemnified Party hereby waives, as of the Closing, to the fullest extent permitted under applicable Law, any and all rights,
claims and causes of action (other than claims of, or causes of action arising from, fraud) it may have against the Indemnifying Party arising under or based upon any federal, state, local or foreign Law, other than the right to seek indemnity
pursuant to this Article V. The foregoing sentence shall not limit the Indemnified Party’s right to specific performance or injunctive relief in connection with the breach by the Indemnifying Party of the provisions of this Agreement.

 Section 5.07. TAX TREATMENT. All indemnity payments made hereunder shall be treated as adjustments to the consideration
paid hereunder for United States federal income tax purposes. 
 ARTICLE VI 

COVENANTS AND OTHER AGREEMENTS 
 Section 6.01. COVENANTS OF THE CONTRIBUTOR. From the date hereof through the Closing, except as otherwise provided for or as contemplated by this Agreement or the other agreements, documents and
instruments contemplated hereby, the Contributor shall not: 
 (a) sell, transfer or otherwise dispose of all or
any portion of the Ownership Interests; 
 (b) mortgage, pledge, hypothecate, encumber (or permit to become
encumbered) all or any portion of the Ownership Interests; 
 (c) amend the LLC Agreement; or 

(d) adopt a plan of liquidation, dissolution, merger, consolidation, restructuring, recapitalization or reorganization
with respect to CyrusOne LLC. 

  
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 Section 6.02. COMMERCIALLY REASONABLE EFFORTS BY THE OPERATING PARTNERSHIP AND THE
CONTRIBUTOR. Each of the Operating Partnership and the Contributor shall use commercially reasonable efforts and cooperate with each other in (a) promptly determining whether any filings are required to be made or consents, approvals, waivers,
permits or authorizations are required to be obtained (under any applicable Law or regulation or from any Governmental Authority or third party) in connection with the transactions contemplated by this Agreement and the other Formation Transactions
and (b) promptly making any such filings, in furnishing information required in connection therewith and in timely seeking to obtain any such consents, approvals, waivers, permits or authorizations. 

Section 6.03. TAX AGREEMENT. The Operating Partnership shall account for any variation between the tax basis of any Contributed
Asset and its fair market value at the time of its contribution to the Operating Partnership under any method approved under Section 704(c) of the Code and the applicable regulations as chosen by the general partner of the Operating
Partnership. 
 ARTICLE VII 
 WAIVERS AND CONSENTS 
 Effective upon the Closing of the contribution of
Ownership Interests and the exchange of OP Units pursuant to Article I herein, the Contributor waives and relinquishes all rights and benefits otherwise afforded to the Contributor under any agreement, including any rights of appraisal or rights of
first offer or first refusal, and any and all notice provisions related thereto. 
 ARTICLE VIII 

GENERAL PROVISIONS 
 Section 8.01. NOTICES. All notices and other communications under this Agreement shall be in writing and shall be deemed given (a) when delivered personally, (b) five Business Days after
being mailed by certified mail, return receipt requested and postage prepaid, (c) one Business Day after being sent by a nationally recognized overnight courier or (d) when transmitted by facsimile or electronic mail if confirmed within 24
hours thereafter by a signed original sent in the manner provided in clause (a), (b) or (c) to the parties at the following addresses (or at such other address for a party as shall be specified by notice from such party): 

if to the Operating Partnership to: 
 c/o CyrusOne Inc. 
 1649 West Frankford Road 

Carrollton, Texas 75007 
 Facsimile: [                    ] 

Email: [                    ]

 Attention: General Counsel 

  
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 if to the Contributor, to: 

c/o Cincinnati Bell Inc. 
 221 East Fourth Street 
 Cincinnati, Ohio 45202 

Facsimile: [                    ]

 Email:
[                    ] 

Attention: General Counsel 
 Section 8.02. DEFINITIONS. For purposes of this Agreement, the following terms shall have the following meanings. 

(a) “Affiliate” means, with respect to any Person, a Person that, directly or indirectly, through one or
more intermediaries, controls, is controlled by, or is under common control with the specified Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and
“under common control with”) as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership
of voting securities, by agreement or otherwise. 
 (b) “Business Day” means any day that is not
a Saturday, Sunday or legal holiday in the State of New York. 
 (c) “CBI” means Cincinnati Bell
Inc., an Ohio corporation. 
 (d) “Code” means the Internal Revenue Code of 1986, as amended,
together with the rules and regulations promulgated or issued thereunder. 
 (e) “CyrusOne Credit
Agreement” means the credit agreement by and among the Operating Partnership, as borrower, Deutsche Bank, as administrative agent, certain subsidiaries of the REIT as guarantors, and the financial institutions party thereto as lenders, to
be entered into prior to or on the Closing Date. 
 (f) “Environmental Law” means Laws or Orders
of any Governmental Authority relating to pollution or protection of the environment or natural resources (including the generation, use, storage, management, treatment, transportation, disposal, presence, Release or threatened Release of any
Hazardous Material) or occupational health and safety, such as the Clean Air Act, 42 U.S.C. Section 7401 et seq.; the Clean Water Act, 33 U.S.C. Section 1251 et seq. and the Water Quality Act of 1987; the Federal Insecticide,
Fungicide, and Rodenticide Act, 7 U.S.C. Section 136 et seq.; the Marine Protection, Research and Sanctuaries Act, 33 U.S.C. Section 1401 et seq.; the National Environmental Policy Act, 42 U.S.C. Section 4321 et
seq.; the Noise Control Act, 42 U.S.C. Section 4901 et seq.; the Occupational Safety and Health Act, 29 U.S.C. Section 651 et seq.; the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901 et seq.,
as amended by the Hazardous and Solid Waste Amendments of 1984; the Safe Drinking Water Act, 42 U.S.C. Section 300f et seq.; the Comprehensive 

  
 16 

 
Environmental Response, Compensation, and Liability Act (“CERCLA”), 42 U.S.C. Section 9601 et seq., as amended by the Superfund Amendments and Reauthorization Act,
the Emergency Planning and Community Right-to- Know Act, and Radon Gas and Indoor Air Quality Research Act; the Toxic Substances Control Act, 15 U.S.C. Section 2601 et seq.; the Atomic Energy Act, 42 U.S.C. Section 2011 et
seq., and the Nuclear Waste Policy act of 1982, 42 U.S.C. Section 10101 et seq. 
 (g)
“Environmental Permits” means any and all licenses, certificates, permits, directives, requirements, registrations, government approvals, agreements, authorizations, and consents that are required under or are issued pursuant to any
Environmental Laws. 
 (h) “Governmental Authority” means any government or agency, bureau,
board, commission, court, department, official, political subdivision, tribunal or other instrumentality of any government, whether federal, state or local, domestic or foreign. 

(i) “Hazardous Material” means any material, substance or waste defined or regulated in relevant form,
quantity or concentration as hazardous or toxic or as a pollutant or contaminant (or words of similar import) pursuant to any Environmental Law, including any petroleum, waste oil or petroleum constituents or by-products. 

(j) “Law” means laws, statutes, rules, regulations, codes, orders, ordinances, judgments, injunctions,
decrees and policies of any Governmental Authority. 
 (k) “Liens” means all pledges, claims,
liens, charges, restrictions, controls, easements, rights of way, exceptions, reservations, leases, licenses, grants, covenants and conditions, encumbrances and security interests of any kind or nature whatsoever. 

(l) “LLC Agreement” means the limited liability company agreement of CyrusOne LLC (including all
amendments and restatements thereof). 
 (m) “Material Adverse Effect” means a material adverse
effect on the business, financial condition, properties or results of operations of the REIT and its Subsidiaries, taken as a whole. 
 (n) “Operating Partnership Agreement” means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership dated as of November [    ], 2012.

 (o) “Order” means any order, writ, judgment, injunction, decree, ruling, assessment,
stipulation, determination or award entered by or with any court or other Governmental Authority or arbitrator. 

(p) “Permitted Lien” means: 

(i) Liens securing Taxes, the payment of which is not delinquent or the payment of which is actively being contested in
good faith by appropriate proceedings diligently pursued; 

  
 17 

 (ii) zoning laws and ordinances applicable to the Properties that are not
violated by the existing structures or present uses thereof or the transfer of the Properties; 
 (iii) Liens
imposed by laws, such as carriers’, warehousemen’s and mechanics’ liens, and other similar liens arising in the ordinary course of business that secure payment of obligations arising in the ordinary course of business not more than 60
days past due or which are being contested in good faith by appropriate proceedings diligently pursued; 
 (iv)
non-exclusive easements for public utilities and other operational purposes that do not materially interfere with the current use of the Properties; and 
 (v) any other liens that do not materially interfere with the current use or operation of the Properties. 
 (q) “Person” means an individual, corporation, partnership, limited liability company, joint venture, association, trust, unincorporated organization or other entity. 

(r) “REIT Common Stock” means the common stock, par value $0.01 per share, of the REIT. 

(s) “Release” means any release, spill, emission, leaking, dumping, injection, pouring, pumping, placing,
discarding, abandoning, deposit, disposal, discharge, dispersal, leaching or migration into or through the environment (including ambient air, surface water, groundwater, land surface or subsurface strata). 

(t) “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder. 
 (u) “Subsidiary” of any Person means any corporation, partnership,
limited liability company, joint venture, trust or other legal entity of which such Person owns (either directly or through or together with another Subsidiary of such Person) either (i) a general partner, managing member or other similar
interest or (ii) (A) 10% or more of the voting power of the voting capital stock or other equity interests or (B) 10% or more of the outstanding voting capital stock or other voting equity interests of such corporation, partnership,
limited liability company, joint venture, trust or other legal entity. 
 (v) “Tax” means all
federal, state, local and foreign income, property, withholding, sales, franchise, employment, excise and other taxes, tariffs or governmental charges of any nature whatsoever, including estimated taxes, together with penalties, interest or
additions to Tax with respect thereto. 
 (w) “Tax Return” means any return, declaration,
report, claim for refund, or information return or statement related to Taxes, including any schedule or attachment thereto, and including any amendment thereof. 

  
 18 

 Section 8.03. COUNTERPARTS. This Agreement may be executed in counterparts, all of
which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each party and delivered to each other party. 
 Section 8.04. ENTIRE AGREEMENT; THIRD-PARTY BENEFICIARIES. This Agreement, including the exhibits and schedules hereto constitute the entire agreement and supersede each prior agreement and
understanding, whether written or oral, among the parties regarding the subject matter of this Agreement. This Agreement is not intended to confer any rights or remedies on any Person other than the parties hereto. 

Section 8.05. GOVERNING LAW. This Agreement shall be governed by, and construed in accordance with, the Law of the State of New
York, regardless of any Law that might otherwise govern under applicable principles of conflicts of laws thereof. 

Section 8.06. ASSIGNMENT. This Agreement shall be binding upon, and shall be enforceable by and inure to the benefit of, the parties
hereto and their respective heirs, legal representatives, successors and assigns; provided, however, that this Agreement may not be assigned (except by operation of Law) by any party without the prior written consent of the other
party, and any attempted assignment without such consent shall be null and void and of no force and effect, except that each of the Operating Partnership and the Contributor may assign its rights and obligations hereunder to an Affiliate.

 Section 8.07. JURISDICTION. Each of the parties hereto irrevocably and unconditionally submits to the exclusive
jurisdiction of (a) any New York State court sitting in the County of New York and (b) the United States District Court for the Southern District of New York, for the purposes of any action, suit or proceeding arising out of this Agreement
or any transaction contemplated hereby (and each agrees that no such action, suit or proceeding relating to this Agreement shall be brought by it or any of its Affiliates except in such courts). Each of the parties hereto further agrees that, to the
fullest extent permitted by applicable Law, service of any process, summons, notice or document by U.S. registered mail to such person’s respective address set forth in Section 8.01 shall be effective service of process for any action,
suit or proceeding in New York with respect to any matters to which it has submitted to jurisdiction as set forth above in the immediately preceding sentence. Nothing in this Agreement will affect the right of any party to this Agreement to serve
process in any other manner permitted by applicable Law. Each of the parties hereto irrevocably and unconditionally waives (and agrees not to plead or claim) any objection to the laying of venue of any action, suit or proceeding arising out of this
Agreement or the transactions contemplated hereby in (i) any New York State court sitting in the County of New York or (ii) the United States District Court for the Southern District of New York, or that any such action, suit or proceeding
brought in any such court has been brought in an inconvenient forum. 
 Section 8.08. SEVERABILITY. Each provision of this
Agreement will be interpreted so as to be effective and valid under applicable Law, but if any provision is held invalid, illegal or unenforceable under applicable Law in any jurisdiction, then such invalidity, illegality or unenforceability will
not affect any other provision, and this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been included herein. 

  
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 Section 8.09. RULES OF CONSTRUCTION. 

(a) The parties hereto agree that they have been represented by counsel during the negotiation, preparation and execution
of this Agreement and, therefore, waive the application of any Law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document.

 (b) The words “hereof,” “herein” and “herewith” and words of similar import
shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement, and article, section, paragraph, exhibit and schedule references are to the articles, sections, paragraphs,
exhibits and schedules of this Agreement unless otherwise specified. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
limitation.” All terms defined in this Agreement shall have the defined meanings contained herein when used in agreement, document or instrument made or delivered pursuant hereto unless otherwise defined therein. The definitions contained in
this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms. Unless explicitly stated otherwise herein, any agreement, document, instrument
or statute defined or referred to herein or in any agreement, document or instrument that is referred to herein means such agreement, document, instrument or statute as from time to time, amended, qualified or supplemented, including (in the case of
agreements, documents and instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and all attachments thereto and instruments incorporated therein. References to a Person are also to its
permitted successors and assigns. 
 Section 8.10. EQUITABLE REMEDIES. The parties agree that irreparable damage would
occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that each party shall be entitled to an injunction or injunctions to
prevent breaches of this Agreement by the other party hereto and to enforce specifically the terms and provisions hereof in any federal or state court located in New York, this being in addition to any other remedy to which the parties are entitled
under this Agreement or otherwise at law or in equity. 
 Section 8.11. DESCRIPTIVE HEADINGS. The descriptive headings
herein are inserted for convenience only and are not intended to be part of or to affect the meaning or interpretation of this Agreement. 
 Section 8.12. NO PERSONAL LIABILITY CONFERRED. This Agreement shall not create or permit any personal liability or obligation on the part of any officer, director, partner, employee or shareholder of
the Operating Partnership or the Contributor. 
 Section 8.13. AMENDMENT; WAIVER. Any amendment hereto shall be in writing
and signed by all parties hereto. No waiver of any of the provisions of this Agreement shall be valid unless in writing and signed by the party against whom enforcement is sought. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed by their
respective duly authorized officers or representatives, all as of the date first written above. 
  

			
	CYRUSONE LP
		
	By:	 	CyrusOne GP
		 	Sole General Partner
		
	By:	 	CyrusOne Inc.
		 	Sole Trustee of CyrusOne GP
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	DATA CENTER INVESTMENTS INC.
		
	By:	 	  

	Name:	 	
	Title:Form of Registration Rights Agreement

 Exhibit 10.4 
 REGISTRATION RIGHTS AGREEMENT 
 THIS REGISTRATION RIGHTS AGREEMENT, dated
as of [            ], 2012, is entered into by and among CyrusOne Inc., a Maryland corporation (the “Company”), CyrusOne GP, a Maryland statutory trust (the
“General Partner”), CyrusOne LP, a Maryland limited partnership (the “Operating Partnership”), Data Center Investments Holdco LLC, a Delaware limited liability company (“DCI Holdco”), and Data
Centers South Holdings LLC, a Delaware limited liability company (together with DCI Holdco, the “Unit Holders” and, each individually, a “Unit Holder”). 

RECITALS 

WHEREAS, in connection with the initial public offering of shares of the Company’s common stock, par value $0.01 per share (the
“Common Stock”), the Company, the General Partner and the Operating Partnership will concurrently engage in certain formation transactions (the “Formation Transactions”) whereby the Unit Holders (or certain related
parties) will concurrently receive, in exchange for their (or certain related parties’) direct or indirect ownership interests (the “Interests”) in certain properties (the “Properties”), units of limited
partnership interests (“OP Units”) in the Operating Partnership and will be admitted as limited partners of the Operating Partnership; 
 WHEREAS, in connection with the Formation Transactions, DCI Holdco will acquire shares of Common Stock representing 9.8% of the shares of Common Stock outstanding upon the consummation of the Initial
Public Offering (as defined below) by redemption of certain OP Units (the “Concurrent Stock Redemption”); 

WHEREAS, pursuant to the Partnership Agreement (as defined below) OP Units will be redeemable for cash or, at the Company’s option,
exchangeable for shares of Common Stock upon the terms and subject to the conditions contained therein; and 
 WHEREAS, as a
condition to receiving the consent of the Unit Holders to the Formation Transactions and in connection with the Concurrent Stock Redemption, the Company has agreed to grant to the Unit Holders and their permitted assignees and transferees the
registration rights set forth in Article II hereof. 
 NOW, THEREFORE, in consideration of the premises and the mutual
agreements herein contained, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 

SECTION 1.1. Definitions. In addition to the definitions set forth above, the following terms, as used herein, have the following
meanings: 
 “Affiliate” of any Person means any other Person directly or indirectly controlling or controlled
by or under common control with such Person. For the purposes of this definition, “control” when used with respect to any Person, means the 

 
possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or
otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Agreement” means this Registration Rights Agreement, as it may be amended, supplemented or restated from time to time.

 “Articles of Amendment” means the Articles of Amendment and Restatement of the Company as filed with the
State Department of Assessments and Taxation of Maryland on [            ], 2012, as the same may be amended, modified or restated from time to time. 

“Business Day” means any day except a Saturday, Sunday or other day on which commercial banks in The City of New York
are authorized by law to close. 
 “Commission” means the Securities and Exchange Commission. 

“Demand Registration” means a Demand Registration as defined in Section 2.2. 

“End of Suspension Notice” means an End of Suspension Notice as defined in Section 2.5. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder. 
 “Exchangeable OP Units” means OP Units which may be redeemable for cash or, at the
Company’s option, exchangeable for shares of Common Stock pursuant to Section 15.1 of the Partnership Agreement (without regard to any limitations on the exercise of such exchange right as a result of the Ownership Limit Provisions).

 “Holder” means any Unit Holder who is the record or beneficial owner of any Registrable Security or any
assignee or transferee of such Registrable Security (including assignments or transfers of Registrable Securities to such assignees or transferees as a result of the foreclosure on any loans secured by such Registrable Securities) to the extent
(a) permitted under the Partnership Agreement or the Articles of Amendment, as applicable, and (b) such assignee or transferee agrees in writing to be bound by all the provisions hereof, unless such Registrable Security is acquired in a
public distribution pursuant to a registration statement under the Securities Act or pursuant to transactions exempt from registration under the Securities Act where securities sold in such transaction may be resold without subsequent registration
under the Securities Act. 
 “Initial Public Offering” means the offering of the Company’s Common Stock
pursuant to the Form S-11 Registration Statement (No. 333-183132) filed by the Company with the Commission under the Securities Act. 

  
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 “Indemnified Party” means an Indemnified Party as defined in
Section 2.10. 
 “Indemnifying Party” means an Indemnifying Party as defined in Section 2.10.

 “Inspector” means an Inspector as defined in Section 2.6. 

“Market Value” means, with respect to the Common Stock, the average of the daily market price for the 10 consecutive
trading days immediately preceding the date of a written request for registration pursuant to Section 2.2(a). The market price for each such trading day shall be: (a) if the Common Stock is listed or admitted to trading on any securities
exchange or the National Association of Securities Dealers Automated Quotation (“NASDAQ”), the closing price, regular way, on such day, or if no such sale takes place on such day, the average of the closing bid and asked prices on
such day, in either case as reported in the principal consolidated transaction reporting system, (b) if the Common Stock is not listed or admitted to trading on any securities exchange or the NASDAQ, the last reported sale price on such day or,
if no sale takes place on such day, the average of the closing bid and asked prices on such day, as reported by a reliable quotation source designated by the Company or (c) if the Common Stock is not listed or admitted to trading on any
securities exchange or the NASDAQ and no such last reported sale price or closing bid and asked prices are available, the average of the reported high bid and low asked prices on such day, as reported by a reliable quotation source designated by the
Company, or if there shall be no bid and asked prices on such day, the average of the high bid and low asked prices, as so reported, on the most recent day (not more than 10 days prior to the date in question) for which prices have been so reported;
provided that if there are no bid and asked prices reported during the 10 days prior to the date in question, the Market Value of the Common Stock shall be determined by the board of directors of the Company acting in good faith on the basis
of such quotations and other information as it considers, in its reasonable judgment, appropriate. 
 “Notice and
Questionnaire” means a written notice, substantially in the form attached as Exhibit A, delivered by a Holder to the Company (i) notifying the Company of such Holder’s desire to include Registrable Securities held by it in
a Shelf Registration Statement, (ii) containing all information about such Holder required to be included in such Shelf Registration Statement in accordance with applicable law, including Item 507 of Regulation S-K promulgated under the
Securities Act, as amended from time to time, or any similar successor rule thereto, and (iii) pursuant to such Holder agrees to be bound by the terms and conditions hereof. 

“Ownership Limit Provisions” mean the various provisions of the Articles of Amendment set forth in ARTICLE VII
thereof restricting the transfer and ownership of Common Stock by Persons to specified percentages of the outstanding Common Stock. 

  
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 “Partnership Agreement” means the Amended and Restated Agreement of Limited
Partnership of the Operating Partnership dated as of [            ], 2012, as the same may be amended, modified or restated from time to time. 

“Person” means an individual or a corporation, partnership, limited liability company, association, trust, or any other
entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 

“Piggy-Back Registration” means a Piggy-Back Registration as defined in Section 2.3. 

“Records” means Records as defined in Section 2.6. 

“Registrable Securities” means shares of Common Stock at any time owned, either of record or beneficially, by any Holder
and (a) received by such Holder in connection with the Formation Transactions (including, without limitation, the shares acquired in the Concurrent Stock Redemption) or (b) issued upon exchange of Exchangeable OP Units received by such
Holder in the Formation Transactions (including, without limitation, shares of Common Stock issuable upon exchange of Exchangeable OP Units) and, in the case of (a) and (b), any additional Common Stock issued as a dividend, distribution or
exchange for, or in respect of such shares until (i) a registration statement covering such shares has been declared effective by the Commission and such shares have been disposed of pursuant to such effective registration statement,
(ii) such shares have been publicly sold under Rule 144, (iii) all such shares may be sold in one transaction pursuant to Rule 144 or (iv) such shares have been otherwise transferred in a transaction that constitutes a sale thereof
under the Securities Act, the Company has delivered to the Holder’s transferee a new certificate or other evidence of ownership for such shares not bearing the Securities Act restricted stock legend and such shares may be resold or otherwise
transferred by such transferee without subsequent registration under the Securities Act. 
 “Registration
Expenses” means Registration Expenses as defined in Section 2.7. 
 “Requested Shares” means
Requested Shares as defined in Section 2.1. 
 “Rule 144” means Rule 144 promulgated under the Securities
Act, as amended from time to time, or any similar successor rule thereto that may be promulgated by the Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 “Selling Holder” means a Holder who is selling Registrable Securities pursuant to a registration statement
under the Securities Act pursuant to the terms hereof. 
 “Shelf Registration Statement” means a Shelf
Registration Statement as defined in Section 2.1. 

  
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 “Suspension Event” means a Suspension Event as defined in Section 2.5.

 “Suspension Notice” means a Suspension Notice as defined in Section 2.5. 

“Underwriter” means a securities dealer who purchases any Registrable Securities as principal and not as part of such
dealer’s market-making activities. 
 ARTICLE II 
 REGISTRATION RIGHTS 
 SECTION 2.1. Shelf Registration. 

(a) Preparation and Filing of Shelf Registration Statement. Not later than the date which is 14 months after the consummation date
of the Initial Public Offering, the Company shall prepare and file a “shelf” registration statement with respect to the resale of all of the Registrable Securities on an appropriate form for the offering and subsequent resale thereof, to
be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act (the “Shelf Registration Statement”) and shall use its commercially reasonable efforts to cause the Shelf Registration Statement to be declared
effective on or as soon as practicable thereafter and to keep such Shelf Registration Statement continuously effective for a period ending when all shares of Common Stock covered by the Shelf Registration Statement are no longer Registrable
Securities. 
 At the time the Shelf Registration Statement is declared effective, each Holder that has delivered a duly
completed and executed Notice and Questionnaire to the Company on or prior to the date 10 Business Days prior to such time of effectiveness shall be named as a selling securityholder in the Shelf Registration Statement and the related prospectus in
such a manner as to permit such Holder to deliver such prospectus to purchasers of Registrable Securities in accordance with applicable law. If required by applicable law, subject to the terms and conditions hereof, after effectiveness of the Shelf
Registration Statement, the Company shall file a supplement to such prospectus or amendment to the Shelf Registration Statement not less frequently than once a quarter as necessary to name as selling securityholders therein any Holders that provide
to the Company a duly completed and executed Notice and Questionnaire and shall use reasonable efforts to cause any post-effective amendment to such Shelf Registration Statement filed for such purpose to be declared effective by the Commission as
promptly as reasonably practicable after the filing thereof. 
 (b) Underwritten Shelf Registration. If the Holders of a
majority of shares of the Registrable Securities to be registered pursuant to the Shelf Registration Statement so elect by written notice to the Company, the offering of such Registrable Securities pursuant to such Shelf Registration Statement shall
be in the form of an underwritten offering; provided that the Registrable Securities requested to be registered in such underwritten offering (the “Requested Shares”) shall either (i) have a Market Value of at least
$20,000,000 on the date of such request or (ii) represent all remaining Registrable Securities held by such Holders. The Holders of a majority of the Requested Shares shall select the Underwriter or Underwriters to serve as book-running manager
or managers in 

  
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 connection with any such offering; provided that such managing Underwriter or Underwriters must be
reasonably satisfactory to the Company. The Holders of a majority of the Requested Shares may select any additional investment banks and managers to be used in connection with the offering; provided that such additional investment bankers and
managers must be reasonably satisfactory to the Company. 
 (c) Filing of Additional Registration Statements. The Company
shall prepare and file such additional registration statements as necessary every three years and use its reasonable efforts to cause such registration statements to be declared effective by the Commission so that the registration statement remains
continuously effective with respect to resales of Registrable Securities as of and for the periods required under Section 2.1(a) hereof, such subsequent registration statements to constitute a Shelf Registration Statement hereunder. 

SECTION 2.2. Demand Registration. 
 (a) Request for Registration. In the event that the Company fails to file, or if filed fails to maintain the effectiveness of, a Shelf Registration Statement, Holders of Registrable Securities may
make a written request for registration under the Securities Act of all or part of their Registrable Securities (a “Demand Registration”); provided, that if and so long as a Shelf Registration Statement is on file and
effective, then the Company shall have no obligation to effect a Demand Registration; and provided further, that the number of shares of Registrable Securities proposed to be sold by the Holders making such written request for a Demand
Registration shall either (i) have a Market Value of at least $20,000,000 on the date of such request or (ii) shall represent all remaining Registrable Securities held by such Holders. The number of Demand Registrations which may be made
pursuant to this Section 2.2(a) shall be unlimited; provided that the Company shall not be obligated to effect more than three Demand Registrations in any 12-month period. Any request for a Demand Registration will specify the number of
shares of Registrable Securities proposed to be sold and will also specify the intended method of disposition thereof. Within 10 days after receipt of such request, the Company will give written notice of such registration request to all other
Holders of the Registrable Securities and include in such registration all such Registrable Securities with respect to which the Company has received written requests for inclusion therein within 20 Business Days after the receipt by the applicable
Holder of the Company’s notice. Each such request will also specify the number of shares of Registrable Securities to be registered and the intended method of disposition thereof. Unless the Holder or Holders of a majority of the Registrable
Securities to be registered in such Demand Registration shall consent in writing, no other party, including the Company (but excluding another Holder of a Registrable Security), shall be permitted to offer securities under any such Demand
Registration. 
 (b) Effective Registration. A registration will not count as a Demand Registration until it has become
effective. 

  
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 (c) Selling Holders Become Party to Agreement. Each Holder acknowledges that by
asserting or participating in its registration rights pursuant to this Agreement, such Holder may become a Selling Holder and thereby will be deemed a party to this Agreement and will be bound by each of its terms. 

(d) Underwritten Demand Registrations. If the Holders of a majority of shares of the Registrable Securities to be registered in a
Demand Registration so elect by written notice to the Company, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form of an underwritten offering. The Holders of a majority of the shares of Registrable
Securities participating in the Demand Registration shall select the Underwriter or Underwriters to serve as book-running manager or managers in connection with any such Demand Registration; provided that such managing Underwriter or
Underwriters must be reasonably satisfactory to the Company. The Holders of a majority of the shares of the Registrable Securities participating in the Demand Registration may select any additional investment banks and managers to be used in
connection with the offering; provided that such additional investment bankers and managers must be reasonably satisfactory to the Company. To the extent 10% or more of the Registrable Securities requested to be registered in any such Demand
Registration are excluded from the offering in accordance with Section 2.4, the Holders of such Registrable Securities shall have the right to one additional Demand Registration under this Section in such 12-month period with respect to such
Registrable Securities. 
 SECTION 2.3. Piggy-Back Registration. If the Company proposes to file a registration statement
under the Securities Act with respect to an underwritten equity offering of Common Stock by the Company for its own account or for the account of any of its respective securityholders (other than (a) any registration statement filed by the
Company under the Securities Act relating to an offering of Common Stock for its own account as a result of the exercise of the exchange rights set forth in Section 15.1 of the Partnership Agreement, (b) any registration statement filed in
connection with a demand registration other than a Demand Registration under this Agreement or (c) a registration statement on Form S-4 or S-8 (or any substitute form that may be adopted by the Commission) or filed in connection with an
exchange offer or offering of securities solely to the Company’s existing securityholders), then the Company shall give written notice of such proposed filing to the Holders of Registrable Securities as soon as practicable (but in no event less
than 10 days before the anticipated filing date), and such notice shall offer such Holders the opportunity to register such number of shares of Registrable Securities as each such Holder may request (a “Piggy-Back Registration”).
The Company shall use its commercially reasonable efforts to cause the managing Underwriter or Underwriters of a proposed underwritten offering to permit the Registrable Securities requested to be included in a Piggy-Back Registration to be included
on the same terms and conditions as any similar securities of the Company included therein. 
 SECTION 2.4. Reduction of
Offering. Notwithstanding anything contained herein, if the managing Underwriter or Underwriters of an offering described in Sections 2.1(b), 2.2(d) or 2.3 advise in writing to the Company and the Holders of the

  
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Registrable Securities included in such offering that (a) the size of the offering that the Holders, the Company and such other persons intend to make or (b) in the case of a Piggy-Back
Registration only, the kind of securities that the Holders, the Company and/or any other persons or entities intend to include in such offering are such that the success of the offering would be materially and adversely affected by inclusion of the
Registrable Securities requested to be included, then (i) if the size of the offering is the basis of such Underwriter’s determination, the amount of securities to be offered for the accounts of Holders shall be reduced pro rata (according
to the Registrable Securities proposed for registration) to the extent necessary to reduce the total amount of securities to be included in such offering to the amount recommended by such managing Underwriter or Underwriters; provided that,
in the case of a Piggy-Back Registration, if securities of a different class are being offered for the account of other persons or entities as well as the Company, then with respect to the Registrable Securities intended to be offered by Holders,
the proportion by which the amount of such class of securities intended to be offered by Holders is reduced shall not exceed the proportion by which the amount of such class of securities intended to be offered by such other persons or entities is
reduced; and (ii) if the kind of securities to be offered is the basis of such Underwriter’s determination, (A) the Registrable Securities to be included in such offering shall be reduced as described in clause (i) above (subject
to the proviso in clause (i)) or, (B) if the actions described in clause (A) would, in the commercially reasonable judgment of the managing Underwriter, be insufficient to substantially eliminate the adverse effect that inclusion of the
Registrable Securities requested to be included would have on such offering, such Registrable Securities will be excluded from such offering. 
 SECTION 2.5. Black-Out Periods 
 (a) Notwithstanding the provisions of
Sections 2.1(a), 2.1(b), 2.2(a), and 2.2(d), the Company shall be permitted to postpone the filing of any Shelf Registration Statement filed pursuant to Section 2.1 or any registration statement filed in connection with a Demand Registration
pursuant to Section 2.2 hereof, and from time to time to require the Holders not to sell Registrable Securities under any such Shelf Registration Statement or other registration statement or to suspend the effectiveness thereof, for such times
as the Company reasonably may determine is necessary and advisable (but in no event shall the Company be entitled to exercise such right more than two times or for more than an aggregate of 90 days in any rolling 12-month period commencing on the
date of this Agreement), if any of the following events shall occur (each such circumstance a “Suspension Event”): (i) a majority of the board of directors of the Company determines in good faith that (A) the offer or sale
of any Registrable Securities would materially impede, delay or interfere with any proposed financing, offer or sale of securities, acquisition, corporate reorganization or other material transaction involving the Company, (B) upon the advice
of counsel, the sale of Registrable Securities pursuant to such Shelf Registration Statement or other registration statement would require disclosure of non-public material information not otherwise required to be disclosed under applicable law or
(C)(x) the Company has a bona fide business purpose for preserving the confidentiality of a material transaction, (y) disclosure would have a material adverse effect on the Company or the Company’s ability to consummate such a material
transaction or (z) such a material transaction renders the Company unable to comply with Commission 

  
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requirements, in each case under circumstances that would make it impractical or inadvisable, based on the advice of counsel, to cause the Shelf Registration Statement or other registration
statement (or such filings) to become effective or to promptly amend or supplement the Shelf Registration Statement or other registration statement on a post-effective basis, as applicable; or (ii) a majority of the board of directors of the
Company determines in good faith, upon the advice of counsel, that it is in the Company’s best interest or it is required by law, rule or regulation to supplement the Shelf Registration Statement or other registration statement or file a
post-effective amendment to such Shelf Registration Statement or other registration statement in order to ensure that the prospectus included in the Shelf Registration Statement or other registration statement (1) contains the information
required by the form on which such Shelf Registration Statement or other registration statement was filed or (2) discloses any facts or events arising after the effective date of the Shelf Registration Statement or other registration statement
(or of the most recent post-effective amendment) that, individually or in the aggregate, represents a fundamental change in the information set forth therein. Upon the occurrence of any such suspension, the Company shall use its commercially
reasonable efforts to cause the Shelf Registration Statement or other registration statement to become effective or to amend or supplement the Shelf Registration Statement or other registration statement on a post-effective basis or to take such
action as is necessary to permit resumed use of the Shelf Registration Statement or other registration statement or filing thereof as soon as reasonably possible following the conclusion of the applicable Suspension Event and its effect. 

The Company will provide written notice (a “Suspension Notice”) to the Holders of the occurrence of any Suspension
Event. Upon receipt of a Suspension Notice, each Holder agrees that it will (i) immediately discontinue offers and sales of the Registrable Securities under the Shelf Registration Statement or other registration statement and (ii) maintain
the confidentiality of any information included in the Suspension Notice unless otherwise required by law or subpoena. The Holders may recommence effecting offers and sales of the Registrable Securities pursuant to the Shelf Registration Statement
or other registration statement (or such filings) following further written notice to such effect (an “End of Suspension Notice”) from the Company, which End of Suspension Notice shall be given by the Company to the Holders promptly
following the conclusion of any Suspension Event and its effect; provided that the Holders agree that they will only effect such offers and sales pursuant to any supplemental or amended prospectus that has been provided to them by the Company
pursuant to Section 2.5(b). 
 (b) Notwithstanding any provision herein to the contrary, if the Company shall give a
Suspension Notice with respect to any Shelf Registration Statement or other registration statement pursuant to Section 2.5(a), the Company agrees that it shall extend the period of time during which such Shelf Registration Statement or other
registration statement shall be maintained effective (including the period referred to in Section 2.6(a) hereof) by the number of days during the period from the date of receipt by the Holders of the Suspension Notice to and including the date
of receipt by the Holders of the End of Suspension Notice and promptly provide copies of the supplemented or amended prospectus necessary to resume offers and sales, with respect to each Suspension Event; provided, that such period of time
shall not be extended beyond the date that the shares of Common Stock covered by such Shelf Registration Statement or other registration statement are no longer Registrable Securities. 

  
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 SECTION 2.6. Registration Procedures; Filings; Information. Subject to
Section 2.5 hereof, in connection with any Shelf Registration Statement under Section 2.1 or any Demand Registration under Section 2.2 hereof, the Company will use its commercially reasonable efforts to effect the registration and the
sale of such Registrable Securities in accordance with the intended method of disposition thereof as quickly as practicable, and in connection with any such request: 
 (a) The Company will as expeditiously as possible prepare and file with the Commission a registration statement on any form for which the Company then qualifies or which counsel for the Company shall deem
appropriate and which form shall be available for the sale of the Registrable Securities to be registered thereunder in accordance with the intended method of distribution thereof, and use its commercially reasonable efforts to cause such filed
registration statement to become and remain effective (i) in the case of a Shelf Registration Statement, for the period described in Section 2.1 and (ii) in the case of a Demand Registration, for a period of not less than
270 days from the effective date of such registration statement. 
 (b) The Company will, if requested, prior to filing a
registration statement or prospectus or any amendment or supplement thereto, furnish to each Selling Holder and each Underwriter, if any, of the Registrable Securities covered by such registration statement copies of such registration statement as
proposed to be filed, and thereafter furnish to such Selling Holder and Underwriter, if any, such number of conformed copies of such registration statement, each amendment and supplement thereto (and upon request, all exhibits thereto and documents
incorporated by reference therein), the prospectus included in such registration statement (including each preliminary prospectus) and such other documents as such Selling Holder or Underwriter may reasonably request in order to facilitate the
disposition of the Registrable Securities owned by such Selling Holder. 
 (c) After the filing of the registration statement,
the Company will promptly notify each Selling Holder of Registrable Securities covered by such registration statement of any stop order issued or threatened by the Commission and take all reasonable actions required to prevent the entry of such stop
order or to remove it if entered. 
 (d) The Company will use its commercially reasonable efforts to (i) register or
qualify the Registrable Securities under such other securities or blue sky laws of such jurisdictions in the United States (where an exemption does not apply) as any Selling Holder or managing Underwriter or Underwriters, if any, reasonably (in
light of such Selling Holder’s intended plan of distribution) requests and (ii) cause such Registrable Securities to be registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the
business and operations of the Company and do any and all other acts and things that may be reasonably necessary or advisable to enable such Selling Holder to consummate the disposition of the Registrable Securities owned by such Selling Holder;
provided that the Company will not be required to (A) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this paragraph (d), (B) subject itself to taxation in any
such jurisdiction or (C) consent to general service of process in any such jurisdiction. 

  
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 (e) The Company will immediately notify each Selling Holder of such Registrable Securities,
at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of (i) the Company’s receipt of any notification of the suspension of the qualification of any Registrable Securities covered by a Shelf
Registration Statement for sale in any jurisdiction or (ii) the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities,
such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not
misleading and promptly make available to each Selling Holder any such supplement or amendment. 
 (f) The Company will enter
into customary agreements (including an underwriting agreement, if any, in customary form) and take such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities. 

(g) The Company will make available for inspection by any Selling Holder of such Registrable Securities, if such Selling Holder has a due
diligence defense under the Securities Act, any Underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other professional retained by any such Selling Holder or Underwriter (collectively,
the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as shall be reasonably necessary to enable them to exercise their due
diligence responsibility, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any Inspector in connection with such registration statement, subject to entry by each such Inspector into a
customary confidentiality agreement in a form reasonably acceptable to the Company. 
 (h) The Company will furnish to each
Selling Holder, if it has a due diligence defense under the Securities Act, and to each Underwriter, if any, a signed counterpart, addressed to such Selling Holder or Underwriter, of (i) an opinion or opinions of counsel to the Company and
(ii) if eligible under SAS 72, a comfort letter or comfort letters from the Company’s independent public accountants, each in customary form and covering such matters of the type customarily covered by opinions or comfort letters, as the
case may be, as the Holders of a majority of the Registrable Securities included in such offering or the managing Underwriter or Underwriters therefor reasonably requests. 
 (i) The Company will otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of the Commission, and make available to its securityholders, as soon as
reasonably practicable, an earnings statement covering a period of 12 months, beginning within three months after the effective date of the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of
the Securities Act and Rule 158 of the Commission promulgated thereunder (or any successor rule or regulation hereafter adopted by the Commission). 

  
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 (j) The Company will use its commercially reasonable efforts to cause all such Registrable
Securities to be listed on each securities exchange on which similar securities issued by the Company are then listed. 
 The
Company may require each Selling Holder of Registrable Securities to promptly furnish in writing to the Company such information regarding such Selling Holder, the Registrable Securities held by it and the intended method of distribution of the
Registrable Securities as the Company may from time to time reasonably request and such other information as may be legally required in connection with such registration. 
 Each Selling Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 2.6(e) hereof, such Selling Holder will forthwith
discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Selling Holder’s receipt of written notice from the Company that such disposition may be made and, in the
case of clause (ii) of Section 2.6(e) hereof, copies of the supplemented or amended prospectus contemplated by clause (ii) of Section 2.6(e) hereof, and, if so directed by the Company, such Selling Holder will deliver to the
Company all copies, other than permanent file copies then in such Selling Holder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. Each Selling Holder of Registrable
Securities agrees that it will immediately notify the Company at any time when a prospectus relating to the registration of such Registrable Securities is required to be delivered under the Securities Act of the happening of an event as a result of
which information previously furnished by such Selling Holder to the Company in writing for inclusion in such prospectus contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary
to make the statements therein not misleading in light of the circumstances in which they were made. In the event the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained
effective (including the period referred to in Section 2.6(a) hereof) by the number of days during the period from and including the date of the giving of notice pursuant to Section 2.6(e) hereof to the date when the Company shall provide
written notice that such dispositions may be made and, in the case of clause (ii) of Section 2.6(e) hereof, make available to the Selling Holders of Registrable Securities covered by such registration statement a prospectus supplemented or
amended to conform with the requirements of Section 2.6(e) hereof. 
 SECTION 2.7. 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 (the “Registration Expenses”), regardless of
whether such registration statement is declared effective by the Commission: (a) all registration and filing 

  
 12 

 
fees, (b) fees and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel in connection with blue sky qualifications of the
Registrable Securities), (c) printing expenses, (d) internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), (e) the fees and expenses incurred
in connection with the listing of the Registrable Securities, (f) reasonable fees and disbursements of counsel for the Company and customary fees and expenses for independent certified public accountants retained by the Company (including the
expenses of any comfort letters or costs associated with the delivery by independent certified public accountants of a comfort letter or comfort letters requested pursuant to Section 2.6(h) hereof), (g) the reasonable fees and disbursement
of one counsel for all the Holders and (h) 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 Registrable Securities or any transfer taxes relating to the registration or sale of the Registrable Securities. 
 SECTION 2.8. Indemnification by the Company. The Company agrees to indemnify and hold harmless each Selling Holder of Registrable Securities, its officers, directors and agents, and each Person, if
any, who controls such Selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act from and against any and all losses, claims, damages and liabilities that arise out of or are based upon any
untrue statement or alleged untrue statement of a material fact contained in any registration statement or prospectus relating to such Registrable Securities , or any amendment or supplement thereto, or any preliminary prospectus, or that arise out
of or are based upon any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, except
insofar as such losses, claims, damages or liabilities that arise out of or are based upon any such untrue statement or omission or alleged untrue statement or omission included in reliance upon and in conformity with information furnished in
writing to the Company by such Selling Holder or on such Selling Holder’s behalf expressly for inclusion therein. The Company also agrees to indemnify any Underwriters of the Registrable Securities, their officers and directors and each Person
who controls such underwriters within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act on substantially the same basis as that of the indemnification of the Selling Holders provided in this
Section 2.8; provided that the foregoing indemnity with respect to any preliminary prospectus shall not inure to the benefit of any Underwriter of the Registrable Securities from whom the person asserting any such losses, claims, damages
or liabilities purchased the Registrable Securities which are the subject thereof if such person did not receive a copy of the prospectus (or the prospectus as supplemented) at or prior to the confirmation of the sale of such Registrable Securities
to such person in any case where such delivery is required by the Securities Act and the untrue statement or omission of a material fact contained in such preliminary prospectus was corrected in the prospectus (or the prospectus as supplemented).

  
 13 

 SECTION 2.9. Indemnification by Holders of Registrable Securities. Each Selling
Holder agrees, severally but not jointly, to indemnify and hold harmless the Company, its officers, directors and agents and each Person, if any, who controls the Company within the meaning of either Section 15 of the Securities Act or
Section 20 of the Exchange Act to the same extent as the foregoing indemnity from the Company to such Selling Holder pursuant to Section 2.8, but only with respect to information relating to such Selling Holder included in reliance upon
and in conformity with information furnished in writing by such Selling Holder or on such Selling Holder’s behalf expressly for use in any registration statement or prospectus relating to the Registrable Securities, or any amendment or
supplement thereto, or any preliminary prospectus. In case any action or proceeding shall be brought against the Company or its officers, directors or agents or any such controlling person, in respect of which indemnity may be sought against such
Selling Holder, such Selling Holder shall have the rights and duties given to the Company, and the Company or its officers, directors or agents or such controlling person shall have the rights and duties given to such Selling Holder, by
Section 2.8. Each Selling Holder also agrees to indemnify and hold harmless Underwriters of the Registrable Securities, their officers and directors and each Person who controls such Underwriters within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act on substantially the same basis as that of the indemnification of the Company provided in this Section 2.9. Notwithstanding the foregoing, in no event will the liability of a Selling Holder
under this Section 2.9 or Section 2.11 or otherwise hereunder exceed the net proceeds actually received by such Selling Holder. 
 SECTION 2.10. Conduct of Indemnification Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be
sought pursuant to Section 2.8 or 2.9, such person (an “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying
Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided that the failure of any Indemnified Party to give
such notice will not relieve such Indemnifying Party of its obligations under Section 2.8 or 2.9, as applicable, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified
Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (a) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the
retention of such counsel or (b) the named parties to any such proceeding (including any impleaded parties) include both the Indemnified Party and the Indemnifying Party and representation of both parties by the same counsel would be
inappropriate due to actual or potential differing interests between them. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees
and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate
firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.8 hereof, the Selling Holders which owned a majority of the Registrable

  
 14 

 
Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.9, the Company. The Indemnifying Party shall not be liable
for any settlement of any proceeding effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify
and hold harmless such Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party (which
consent shall not be unreasonably withheld, conditioned or delayed), effect any settlement of any pending or threatened proceeding in respect of with any Indemnified Party is or could have been a party and indemnity could have been sought hereunder
by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding without any admission of liability by such Indemnified Party. 

SECTION 2.11. Contribution. If the indemnification provided for in Section 2.8 or 2.9 hereof is held by a court of competent
jurisdiction to be unavailable to an Indemnified Party or insufficient in respect of any losses, claims, damages or liabilities referred to herein, then each such Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute
to the amount paid or payable by such Indemnified Party as a result of such losses, claims, damages or liabilities (a) as between the Company and the Selling Holders on the one hand and the Underwriters on the other, in such proportion as is
appropriate to reflect the relative benefits received by the Company and the Selling Holders on the one hand and the Underwriters on the other from the offering of the securities, or if such allocation is not permitted by applicable law, in such
proportion as is appropriate to reflect not only the relative benefits but also the relative fault of the Company and the Selling Holders on the one hand and of the Underwriters on the other in connection with the statements or omissions which
resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations and (b) between the Company on the one hand and each Selling Holder on the other, in such proportion as is appropriate to reflect
the relative fault of the Company and of each Selling Holder in connection with such statements or omissions which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative benefits
received by the Company and the Selling Holders on the one hand and the Underwriters on the other shall be deemed to be in the same proportion as the total proceeds from the offering (net of underwriting discounts and commissions but before
deducting expenses) received by the Company and the Selling Holders bear to the total underwriting discounts and commissions received by the Underwriters, in each case as set forth in the table on the cover page of the prospectus. The relative fault
of the Company and the Selling Holders on the one hand and of the Underwriters on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company and the Selling Holders or by the Underwriters. The relative fault of the Company on the one hand and of each Selling Holder on the other shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by such party, and the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such statement or omission. 

  
 15 

 The Company and the Selling Holders agree that it would not be just and equitable if
contribution pursuant to this Section 2.11 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable
considerations referred to in the immediately preceding paragraph. The amount paid or payable by an Indemnified Party as a result of the losses, claims, damages or liabilities referred to in the immediately preceding paragraph shall be deemed to
include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this
Section 2.11, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the securities underwritten by it and distributed to the public were offered to the public exceeds the amount of
any damages which such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission, and no Selling Holder shall be required to contribute any amount in excess of the amount by
which the total price at which the securities of such Selling Holder were offered to the public exceeds the amount of any damages which such Selling Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or
omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. The Selling Holder’s obligations to contribute pursuant to this Section 2.11 are several in such proportion that the proceeds of the offering received by such Selling Holder bears to the total proceeds of the offering
received by all the Selling Holders, and not joint. For the avoidance of doubt, this Section 2.11 applies in the case of a “shelf” registration and an underwritten offering. 

SECTION 2.12. Participation in Underwritten Offerings. No Person may participate in any underwritten offering hereunder unless
such Person (a) agrees to sell such Person’s securities on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements and the registration rights provided for in this Article II. 

SECTION 2.13. Rule 144. The Company covenants that it will timely file any reports required to be filed by it under the Securities
Act and the Exchange Act and that it will take such further action as any Holder may reasonably request, all to the extent required from time to time to enable Holders to sell Registrable Securities without registration under the Securities Act
within the limitation of the exemptions provided by Rule 144. Upon the request of any Holder, the Company will deliver to such Holder a written statement as to whether it has complied with such requirements. 

  
 16 

 SECTION 2.14. Holdback Agreements. 

(a) Restrictions on Public Sale by Holder of Registrable Securities. To the extent not inconsistent with applicable law, each
Holder whose securities are included in a registration statement agrees not to effect any sale or distribution of the issue being registered or a similar security of the Company, or any securities convertible into or exchangeable or exercisable for
such securities, including a sale pursuant to Rule 144, during the 14 days prior to, and during the 90-day period beginning on, the effective date of such registration statement (except as part of such registration), if and to the extent
requested in writing by the Company in the case of a non-underwritten public offering or if and to the extent requested in writing by the managing Underwriter or Underwriters and consented to by the Company, which consent may be given or withheld in
the Company’s sole and absolute discretion, in the case of an underwritten public offering (such agreement to be in the form of lock-up agreement provided by the managing Underwriter or Underwriters). 

(b) Restrictions on Public Sale by the Company and Others. The Company agrees that any agreement entered into after the date of
this Agreement pursuant to which the Company issues or agrees to issue any privately placed securities shall contain a provision under which holders of such securities agree not to effect any sale or distribution of any securities similar to those
being registered in accordance with Section 2.1, 2.2 or 2.3 hereof, or any securities convertible into or exchangeable or exercisable for such securities, during the 14 days prior to, and during the 90-day period beginning on, the
effective date of any registration statement (except as part of such registration statement where the Holders of a majority of the Registrable Securities to be included in such registration statement consent or as part of registration statements
filed as set forth in Section 2.3(a) or (c)), if and to the extent requested in writing by the Company in the case of a non-underwritten public offering or if and to the extent requested in writing by the managing Underwriter or Underwriters
and consented to by the Company, which consent shall not be unreasonably withheld, conditioned or delayed, in the case of an underwritten public offering (such agreement to be in the form of lock-up agreement provided by the managing Underwriter or
Underwriters), in each case including a sale pursuant to Rule 144 (except as part of any such registration, if permitted); provided, however, that the provisions of this paragraph (b) shall not prevent the conversion or exchange of any
securities pursuant to their terms into or for other securities. 
 ARTICLE III 

MISCELLANEOUS 

SECTION 3.1. NASDAQ Listing. In the event that the Company shall issue any Common Stock in exchange for OP Units pursuant to
Section 15.1 of the Partnership Agreement, then in any such case the Company agrees to cause any such shares of Common Stock to be listed on the NASDAQ or such other exchange on which the Common Stock may then be listed prior to or concurrently
with the issuance thereof by the Company. 

  
 17 

 SECTION 3.2. Remedies. In addition to being entitled to exercise all rights provided
herein and granted by law, including recovery of damages, the Holders shall be entitled to specific performance of the rights under this Agreement. The Company agrees that monetary damages would not be adequate compensation for any loss incurred by
reason of a breach by it of the provisions of this Agreement and hereby agrees to waive the defense in any action for specific performance that a remedy at law would be adequate. Notwithstanding the foregoing, specific performance shall not be
available with respect to the rights and obligations of the parties pursuant to Section 2.14(a) and (b). 
 SECTION 3.3.
Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, in each case
without the written consent of the Company and the Holders of a majority of the Registrable Securities. No failure or delay by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to
exercise any right or remedy consequent upon any breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. 
 SECTION 3.4. Notices. All notices and other communications in connection with this Agreement shall be made in writing by hand delivery, registered first-class mail, telecopier, or air courier
guaranteeing overnight delivery: 
 (a) if to the Holders, initially c/o Cincinnati Bell Inc. initially at 221 East Fourth
Street, Cincinnati, OH 45202 (Attention: General Counsel, Facsimile: (513) 397-9900), or to such other address and to such other Persons as any Holder may hereafter specify in writing; and 

(b) if to the Company, initially at 1649 West Frankford Road, Carrollton, TX 75007 (Attention: General Counsel, Facsimile:
[                    ]), or to such other address as the Company may hereafter specify in writing. 

All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; when
received if deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged, if telecopied; and on the next business day, if timely delivered to an air courier guaranteeing overnight delivery. 

SECTION 3.5. Successors and Assigns. Except as expressly provided in this Agreement, the rights and obligations of the Holders
under this Agreement shall not be assignable by any Holder to any Person that is not a Holder. This Agreement shall be binding upon the parties hereto and their respective successors and assigns. 

SECTION 3.6. Counterparts. This Agreement may be executed in any number of counterparts and by the 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 agreement. Each party shall become bound by this Agreement immediately upon affixing its signature
hereto. 

  
 18 

 SECTION 3.7. Governing Law. This Agreement shall be governed by and construed in
accordance with the internal laws of the State of New York without regard to the choice of law provisions thereof. 
 SECTION
3.8. Severability. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such
provision in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby. 

SECTION 3.9. Entire Agreement. This Agreement is intended by the parties as a final expression of their agreement and intended to
be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred
to herein with respect to the registration rights granted by the Company with respect to the Registrable Securities. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter.

 SECTION 3.10. Headings. The headings in this Agreement are for convenience of reference only and shall not limit or
otherwise affect the meaning hereof. 
 SECTION 3.11. No Third Party Beneficiaries. Nothing express or implied herein is
intended or shall be construed to confer upon any person or entity, other than the parties hereto and their respective successors and assigns and all Indemnified Parties, any rights, remedies or other benefits under or by reason of this Agreement.

 [remainder of page intentionally left blank; signature page follows] 

  
 19 

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

					
	COMPANY
	
	CYRUSONE INC. a Maryland corporation
		
	By:	 	  

		
	Name:	 	
	Title:	 	
	
	GENERAL PARTNER
	
	CYRUSONE GP, a Maryland statutory trust
		
	By:	 	CyrusOne Inc.
		 	Sole Trustee
			
		 	By:	 	  

		
	Name:	 	
	Title:	 	
	
	OPERATING PARTNERSHIP
	
	CYRUSONE LP, a Maryland limited partnership
		
	By:	 	CyrusOne GP
		 	Sole General Partner
			
		 	By:	 	  

			
		 	Name:	 	
		 	Title:	 	
	
	UNIT HOLDERS
	
	DATA CENTER INVESTMENTS HOLDCO LLC, a Delaware limited liability company
		
	By:	 	Data Center Investments Inc.
			
		 	By:	 	  

			
		 	Name:	 	
		 	Title:	 	

  
 S-1

 Signature Page to Registration Rights Agreement 

 

 
					
	DATA CENTERS SOUTH HOLDINGS LLC, a Delaware limited liability company
		
	By:	 	Data Centers South Inc.
			
		 	By:	 	  

			
		 	Name:	 	
		 	Title:	 	

  
 S-2

			
		  	

 Signature Page to Registration Rights Agreement 

 EXHIBIT A 

CYRUSONE INC. 
 FORM OF NOTICE AND QUESTIONNAIRE 
 The undersigned beneficial holder of
shares of common stock, par value $0.01 per share (“Common Stock”), of CyrusOne Inc. (the “Company”) and/or units of limited partnership interests (“OP Units” and, together with the Common Stock, the “Registrable
Securities”) of CyrusOne LP (the “Operating Partnership”), understands that the Company has filed or intends to file with the Securities and Exchange Commission (the “SEC”) one or more registration statements (collectively,
the “Shelf Registration Statement”) for the registration and resale under Rule 415 of the Securities Act of 1933, as amended (the “Securities Act”), of the Registrable Securities in accordance with the terms of the Registration
Rights Agreement (the “Registration Rights Agreement”), dated [            ], 2012, among the Company, CyrusOne GP, a Maryland statutory trust, the Operating Partnership and the
holders party thereto. A copy of the Registration Rights Agreement is available from the Company upon request at the address set forth below. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the
Registration Rights Agreement. 
 Each beneficial owner of Registrable Securities is entitled to the benefits of the
Registration Rights Agreement. In order to sell or otherwise dispose of any Registrable Securities pursuant to the Shelf Registration Statement, a beneficial owner of Registrable Securities generally will be required to be named as a selling
security holder in the related prospectus, deliver a prospectus to purchasers of Registrable Securities and be bound by those provisions of the Registration Rights Agreement applicable to such beneficial owner (including certain indemnification
provisions as described below). To be included in the Shelf Registration Statement, this Notice and Questionnaire must be completed, executed and delivered to the Company at the address set forth herein on or prior to the tenth business day
before the effectiveness of the Shelf Registration Statement. We will give notice of the filing and effectiveness of the initial Shelf Registration Statement by issuing a press release and by mailing a notice to the holders at their addresses
set forth in the register of the registrar. 
 Beneficial owners that do not complete this Notice and Questionnaire and deliver
it to the Company as provided below will not be named as selling security holders in the prospectus and therefore will not be permitted to sell any Registrable Securities pursuant to the Shelf Registration Statement. Beneficial owners are encouraged
to complete and deliver this Notice and Questionnaire prior to the effectiveness of the initial Shelf Registration Statement so that such beneficial owners may be named as selling security holders in the related prospectus at the time of
effectiveness. Upon receipt of a completed Notice and Questionnaire from a beneficial owner following the effectiveness of the initial Shelf Registration Statement, in accordance with the Registration Rights Agreement, the Company will file such
amendments to the initial Shelf Registration Statement or additional shelf registration statements or supplements to the related prospectus as are necessary to permit such holder to deliver such prospectus to purchasers of Registrable Securities.

 Certain legal consequences arise from being named as selling security holders in the Shelf
Registration Statement and the related prospectus. Accordingly, holders and beneficial owners of Registrable Securities are advised to consult their own securities law counsel regarding the consequences of being named or not being named as a selling
security holder in the Shelf Registration Statement and the related prospectus. 
 NOTICE 

The undersigned beneficial owner (the “Selling Security Holder”) of Registrable Securities hereby elects to include in the
prospectus forming a part of the Shelf Registration Statement the Registrable Securities beneficially owned by it and listed below in Item 3 (unless otherwise specified under Item 3). 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 and the Registration Rights Agreement. 
 Pursuant to the Registration Rights Agreement, the undersigned has agreed to indemnify and hold harmless the Company and its directors, officers and each person, if any, who controls the Company within
the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against certain losses arising in connection with statements concerning the undersigned made in the Shelf Registration Statement or the
related prospectus in reliance upon the information provided in this Notice and Questionnaire. 
 The undersigned hereby
provides the following information to the Company and represents and warrants to the Company that such information is accurate and complete: 
 QUESTIONNAIRE 
  

	1.	(a) Full Legal Name of Selling Security Holder: 

  

(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: 
  

(d) List below the individual or individuals who exercise voting and/or dispositive powers with respect to the Registrable Securities
listed in Item (3) below: 

 2. Address for Notices to Selling Security Holder: 
 Telephone: 
 Fax: 
 E-mail address: 
 Contact Person: 
 3. Beneficial Ownership of Registrable Securities: 
 Type of Registrable Securities beneficially
owned, and number of shares of Common Stock and/or OP Units, as the case may be, beneficially owned: 
  
 4. Beneficial Ownership of Securities of the Company Owned by the Selling Security Holder: 

Except as set forth below in this Item (4), the undersigned is not the beneficial or registered owner of any securities of the Company, other than
the Registrable Securities listed above in Item (3). 
 Type and amount of other securities beneficially owned by the Selling Security Holder:

 5. Relationship with the Company 

Except as set forth below, neither the undersigned nor any of its affiliates, officers, directors or principal equity holders (5% or more) has held any
position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past three years. 

State any exceptions here: 
 6. 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 and will not be offering any of such Registrable Securities pursuant to an agreement, arrangement or understanding entered into with a broker or
dealer prior to the effective date of the Shelf Registration Statement. Such Registrable Securities may be sold from time to time directly by the undersigned or, alternatively, through underwriters or broker-dealers or agents. If the
Registrable Securities are sold through underwriters or broker-dealers, the Selling Security Holder 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. 
 In connection with sales of the Registrable Securities or otherwise, the undersigned may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the Registrable
Securities and deliver Registrable Securities to close out such short positions, or loan or pledge Registrable Securities to broker-dealers that in turn may sell such securities. 

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 written
agreement of the Company. 
 ACKNOWLEDGEMENTS 

The undersigned acknowledges that it understands its obligation to comply with the provisions of the Securities Exchange Act of 1934, as
amended, 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 Registration Rights Agreement.
The undersigned agrees that neither it nor any person acting on its behalf will engage in any transaction in violation of such provisions. 
 The Selling Security Holder hereby acknowledges its obligations under the Registration Rights Agreement to indemnify and hold harmless certain persons set forth therein. Pursuant to the Registration
Rights Agreement, the Company has agreed under certain circumstances to indemnify the Selling Security Holders against certain liabilities. 
 In accordance with the undersigned’s obligation under the Registration Rights Agreement to provide such information as may be required by law for inclusion in the Shelf Registration Statement, the
undersigned agrees to promptly notify the Company of any inaccuracies or changes in the information provided herein that may occur subsequent to the date hereof at any time while the Shelf Registration Statement remains effective. All notices
hereunder and pursuant to the Registration Rights Agreement shall be made in writing at the address set forth below. 

 In the event that the undersigned transfers all or any portion of the Registrable Securities
listed in Item 3 above after the date on which such information is provided to the Company, the undersigned agrees to notify the transferee(s) at the time of transfer of its rights and obligations under this Notice and Questionnaire and the
Registration Rights 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 (6) above and the inclusion of such information in the Shelf Registration Statement and the related prospectus. The undersigned understands that such information will be
relied upon by the Company in connection with the preparation or amendment of the Shelf Registration Statement and the related prospectus. 
 Once this Notice and Questionnaire is executed by the Selling Security Holder and received by the Company, the terms of this Notice and Questionnaire and the representations and warranties contained
herein shall be binding on, shall insure to the benefit of and shall be enforceable by the respective successors, heirs, personal representatives and assigns of the Company and the Selling Security Holder with respect to the Registrable Securities
beneficially owned by such Selling Security Holder 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. 
 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 duly authorized agent. 
  

			
	Beneficial Owner
		
	By	 	  

		 	Name:
		 	Title:

 Dated: 

Please return the completed and executed Notice and Questionnaire to: 
 CyrusOne Inc. 
 1649 West Frankford Road 

Carrollton, TX 75007 
 Tel: [                    ] 
 Fax: [                    ] 
 Attention: [                    ]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}]]