Document:

Lease Agreement between 777 Sinatra Drive Corp. and Equinix, Inc.

 Exhibit 10.135 
 LEASE, dated September 14, 2006, between 777 SINATRA DRIVE CORP., a New Jersey corporation, having an office at 400 Plaza Drive, P.O. Box 1515, Secaucus, New Jersey 07096-1515 (“Landlord”), and EQUINIX,
INC., a Delaware corporation having an office at 301 Velocity Way, 5th Floor, Foster City, California, 94404
(“Tenant”). 
 ARTICLE 1 - DEFINITIONS 
 1.01. As used in this Lease (including in all Exhibits and any Riders attached hereto, all of which shall be deemed to be part of this Lease) the following words and phrases shall have the meanings indicated:

 A. Intentionally omitted. 
 B.
Additional Charges: All amounts that become payable by Tenant to Landlord hereunder other than the Fixed Rent. 
 C. Intentionally omitted.

 D. Broker: Trammell Crow Services, Inc. 
 E. Building: The building located on the Land and known as 755 Secaucus Road, Secaucus, New Jersey. 
 F.
Intentionally omitted. 
 G. Intentionally omitted. 
 H. Intentionally omitted. 
 I. Calendar Year: Any twelve-month period commencing on a January 1.

 J. Commencement Date: October 1, 2006. 
 K. Demised Premises: The Building and the Land in Secaucus, New Jersey depicted on the site plan(s) attached hereto as Exhibit B, outlined in red. Tenant’s lease of the Demised Premises shall include the right to
the use of the Personal Property listed on Exhibit C annexed hereto. 
 L. Development: The Development is outlined in red on Exhibit I
annexed hereto. 

 M. Intentionally omitted. 
 N. Expiration Date: September 30, 2021. 
 O. Fixed Rent: The annual Fixed Rent during the Term shall be
divided into two (2) components, a “Ground Rent” component and a “Building Rent “ component as follows: 
 Ground
Rent Component: 
  

	(a)	$677,934.00 per annum ($56,494.50 per month) from October 1, 2006 to September 30, 2011; 

  

	(b)	$728,779.05 per annum ($60,731.59 per month) from October 1, 2011 to September 30, 2016; 

  

	(c)	$783,437.48 per annum ($65,286.46 per month) from October 1, 2016 to September 30, 2021; 

 Building Rent Component: 
  

	(a)	$3,000,000 per annum ($250,000.00 per month) from October 1, 2006 to September 30, 2011; 

  

	(b)	$3,225,000 per annum ($268,750.00 per month) from October 1, 2011 to September 30, 2016; 

  

	(c)	$3,466,875 per annum ($288,906.25 per month) from October 1, 2016 to September 30, 2021; 

 P. Floor Space: As to the Demised Premises, the sum of the floor area stated in square feet bounded by the exterior faces of the exterior walls. Any
reference to Floor Space of a building shall mean the floor area of all levels or stories of such building, excluding any roof, except such portion thereof (other than cooling towers, elevator penthouses, mechanical rooms, chimneys and staircases,
entrances and exits) as is permanently enclosed, and including any interior basement level or mezzanine area not occupied or used by a tenant on a continuing or repetitive basis, and any mechanical room, enclosed or interior truck dock, and areas
used by Landlord for storage, for housing meters and/or other equipment or for other purposes. Any reference to the Floor Space is intended to refer to the Floor Space of the entire area in question irrespective of the Person(s) who may be the
owner(s) of all or any part thereof. 
 Q. Intentionally omitted. 
 R. Insurance Requirements: Rules, regulations, orders and other requirements of the applicable board of underwriters and/or the applicable fire insurance
rating organization and/or any other similar body performing the same or similar functions and having jurisdiction or cognizance over the Land and Building, whether now or hereafter in force. 
 S. Land: The land described on Exhibit A, upon which the Building is located. 
 T. Landlord’s Work: None. 
 U. Legal
Requirements: Laws and ordinances of all federal, state, county, and municipal governments, and rules, regulations, orders and directives of all departments, subdivisions, bureaus, agencies or offices thereof, and of any other governmental, public
or quasi-public authorities having jurisdiction over the Land and Building, whether now or hereafter in force, including, but not limited to, those pertaining to zoning requirements and environmental matters. 

 V. Mortgage: A mortgage and/or a deed of trust. 
 W. Mortgagee: A holder of a mortgage or a beneficiary of a deed of trust. 
 X. Intentionally omitted. 
 Y. Permitted Uses: Data center operations, telecommunications facility, and any
uses permitted by applicable Legal Requirements but not including any retail or residential use; provided, however, Landlord has made no representations or warranties in respect of the fitness or the zoning of the Demised Premises for the Permitted
Uses. 
 Z. Person: A natural person or persons, a partnership, a corporation, or any other form of business or legal association or entity.

 AA. Intentionally omitted 
 BB. Real Estate Taxes: The real estate taxes, assessments, special assessments, sewer rents, water charges, and all other similar charges and impositions imposed upon the Building and Land by any federal, state, municipal or other
governments or governmental bodies or authorities, and any expenses incurred by Landlord in contesting such taxes or assessments and/or the assessed value of the Building and Land, which expenses shall be allocated to the period of time to which
such expenses relate. If at any time during the Term the methods of taxation prevailing on the date hereof shall be altered so that in lieu of, or as an addition to or as a substitute for, the whole or any part of such real estate taxes, assessments
and special assessments now imposed on real estate there shall be levied, assessed or imposed (a) a tax, assessment, levy, imposition, license fee or charge wholly or partially as a capital levy or otherwise on the rents received therefrom, or
(b) any other such additional or substitute tax, assessment, levy, imposition or charge, then all such taxes, assessments, levies, impositions, fees or charges or the part thereof so measured or based shall be deemed to be included within the
term “Real Estate Taxes” for the purposes hereof. 
 CC. Rent: The Fixed Rent and the Additional Charges. 
 DD. Intentionally omitted. 
 EE. Security
Deposit: Such amount as Tenant has deposited or hereinafter deposits with Landlord as security under this Lease. Tenant has deposited with Landlord a letter of credit in the amount of $7,800,000.00 as security hereunder as of the date hereof.

 FF. Successor Landlord: As defined in Section 9.03. 
 GG. Intentionally omitted. 
 HH. Intentionally omitted. 

 II. Superior Mortgage: Any Mortgage to which this Lease is, at the time referred to, subject and
subordinate. 
 JJ. Superior Mortgagee: The Mortgagee of a Superior Mortgage at the time referred to. 
 KK. Tenant’s Property: As defined in Section 16.02. 
 LL. Tenant’s Work: The facilities, materials and work which may be undertaken by or for the account of Tenant to equip, decorate and furnish the Demised Premises for Tenant’s occupancy. Such facilities,
materials and work may include exterior equipment, including buried utility lines, cables and conduits for interconnection with wide area networks and or cables or utilities at other locations. 
 MM. Term: The period commencing on the Commencement Date and ending at 11:59 p.m. of the Expiration Date, but in any event the Term shall end on the date
when this Lease is earlier terminated. 
 NN. Unavoidable Delays: A delay arising from or as a result of a strike, lockout, or labor
difficulty, explosion, sabotage, accident, riot or civil commotion, act of war, fire or other catastrophe, Legal Requirement or an act of the other party and any cause beyond the reasonable control of that party, provided that the party asserting
such Unavoidable Delay has exercised its best efforts to minimize such delay. 
 ARTICLE 2 - DEMISE AND TERM 
 2.01. Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, the Demised Premises, for the Term. This Lease is subject to (a) any
and all existing encumbrances, conditions, rights, covenants, easements, restrictions and rights of way, of record, and other matters of record, applicable zoning and building laws, regulations and codes, and such matters as may be disclosed by an
inspection or survey, and (b) subject to the second sentence of Article 20.02 below, easements now or hereafter created by Landlord in, under, over, across and upon the Land for access, sewer, water, electric, gas and other utility lines and
services now or hereafter installed. 
 ARTICLE 3 - RENT 
 3.01. Tenant shall pay the Fixed Rent in equal monthly installments in advance on the first day of each and every calendar month during the Term. 
 3.02. The Rent shall be paid in lawful money of the United States to Landlord at its office, or such other place, or Landlord’s agent, as Landlord
shall designate by notice to Tenant. Tenant shall pay the Rent promptly when due without notice or demand therefor and without any abatement, deduction or setoff for any reason whatsoever, except as may be expressly provided in this Lease. If Tenant
makes any payment to Landlord by check, same shall be by check of Tenant and Landlord shall not be 

 required to accept the check of any other Person, and any check received by Landlord shall be deemed received subject to
collection. If any check is mailed by Tenant, Tenant shall post such check in sufficient time prior to the date when payment is due so that such check will be received by Landlord on or before the date when payment is due. Tenant shall assume the
risk of lateness or failure of delivery of the mails, and no lateness or failure of the mails will excuse Tenant from its obligation to have made the payment in question when required under this Lease. 
 3.03. No payment by Tenant or receipt or acceptance by Landlord of a lesser amount than the correct Rent shall be deemed to be other than a payment on
account, nor shall any endorsement or statement on any check or any letter accompanying any check or payment be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover
the balance or pursue any other remedy in this Lease or at law provided. 
 3.04. If Tenant is in arrears in payment of Rent, Tenant waives
Tenant’s right, if any, to designate the items to which any payments made by Tenant are to be credited, and Landlord may apply any payments made by Tenant to such items as Landlord sees fit, irrespective of and notwithstanding any designation
or request by Tenant as to the items to which any such payments shall be credited. 
 3.05. In the event that any installment of Rent due
hereunder shall be overdue, a “Late Charge” equal to four percent (4%) or the maximum rate permitted by law, whichever is less, multiplied by the installment of Rent so overdue may be charged by Landlord for the first month or part
thereof that same remains overdue; and for each month or part thereof thereafter that the same continues to remain overdue, such overdue amounts shall bear interest at the Default Rate (as hereinafter defined) or the maximum rate permitted by law,
whichever is less. The Default Rate shall equal the Prime Rate (the prime commercial lending rate on ninety (90) day loans then announced by J.P Morgan Chase, or such other prime rate or reference rate of a banking institution having offices
within a fifty (50) mile radius of the Demised Premises reasonably selected by Landlord), plus four percent (4%) per annum. Notwithstanding the previous sentence, the aforesaid Late Charge shall be waived with respect to the first two
(2) overdue payments in any Calendar Year of the Term provided any such overdue payment is received within five (5) days of its due date. In the event that any check tendered by Tenant to Landlord is returned for insufficient funds, Tenant
shall pay to Landlord, in addition to the charge imposed by the preceding sentence, a fee of $50.00. Any such Late Charges if not previously paid shall, at the option of the Landlord, be added to and become part of the next succeeding Rent payment
to be made hereunder. 
 3.06. It is intended that the Fixed Rent shall be an absolutely net return to Landlord throughout the Term, free of
any expense, charge or other deduction whatsoever, with respect to the Demised Premises, the Building, the Land and/or the ownership, leasing, operation, management, maintenance, repair, rebuilding, use or occupation thereof, or any portion thereof,
with respect to any interest of Landlord therein. 
 ARTICLE 4 - USE OF DEMISED PREMISES 
 4.01. Tenant shall use and occupy the Demised Premises for the Permitted Uses, and Tenant shall not use or permit or suffer the use of the Demised
Premises or any part thereof for any other purpose. 

 4.02. If any governmental license or permit, including a certificate of occupancy or certificate of
continued occupancy (a “Certificate of Occupancy”), shall be required for the proper and lawful conduct of Tenant’s business in the Demised Premises or any part thereof, Tenant shall duly procure and thereafter maintain such license
or permit and submit the same to Landlord for inspection. Tenant shall at all times comply with the terms and conditions of each such license or permit. Tenant shall not at any time use or occupy, or suffer or permit anyone to use or occupy the
Demised Premises, or do or permit anything to be done in the Demised Premises, in any manner which (a) violates the Certificate of Occupancy for the Demised Premises or for the Building; (b) causes waste to the Building or any equipment,
facilities or systems therein; (c) constitutes a violation of the Legal Requirements or Insurance Requirements; (d) impairs the proper and economic maintenance, operation and repair of the Building and/or its equipment, facilities or
systems. 
 ARTICLE 5 - PREPARATION OF DEMISED PREMISES 
 5.01. Landlord shall not be required to perform any work in and to the Demised Premises but instead shall deliver same to Tenant in “as is” condition. Tenant shall occupy the Demised Premises on the
Commencement Date. Except as expressly provided to the contrary in this Lease, the taking of possession by Tenant of the Demised Premises shall be conclusive evidence as against Tenant that the Demised Premises and the Building were in good and
satisfactory condition at the time such possession was taken. 
 5.02. Tenant shall be responsible for all construction and work to prepare
the Demised Premises for Tenant’s occupancy at Tenant’s cost and expense. Such construction shall be in accordance with Article 15 of this Lease. 
 ARTICLE 6 – REAL ESTATE TAX PAYMENTS 
 6.01. Except as otherwise provided herein, Tenant shall pay when
due and before any penalty or interest shall be charged thereon directly to the appropriate taxing or other governmental authority all of the Real Estate Taxes during the Term relating to the Demised Premises. 
 6.02. Landlord shall submit to Tenant true copies of the Real Estate Tax bills, and Tenant shall pay such amounts in respect of such Real Estate Taxes to
the appropriate taxing or other governmental authority consistent with this Article 6. To the extent that Real Estate Tax bills are delivered directly to Tenant, Tenant shall deliver to Landlord copies of receipted bills for such Real Estate Tax
bills as shall be paid by Tenant directly to any taxing or other governmental authority within fifteen (15) days after receipt of such bills by Tenant. 
 6.03. If, by law, any Real Estate Taxes may be payable at the option of the taxpayer in installments (whether or not interest shall accrue on the unpaid balance thereof), Landlord shall exercise the option to pay same
in installments. The installments as the same become due and payable 

 shall be included in the Real Estate Taxes, except that the entire unpaid amount thereof shall be included in the Real
Estate Taxes on the installment payment date thereunder immediately prior to the date which is one year before the expiration of the Term, including the installments which shall become due and payable after the expiration of the Term. 
 6.04. Real Estate Taxes shall be apportioned between Landlord and Tenant as of the beginning and the expiration or sooner termination of the Term, so
that Tenant shall pay only the portion of the Real Estate Taxes allocable to the Term; provided, however, Landlord need not make any apportionment in favor of Tenant if this Lease shall have been terminated by reason of an Event of Default.

 6.05. Tenant, after notice to Landlord, may contest the amount or validity of such Real Estate Taxes in any manner permitted by law, in
the name of Tenant, and whenever necessary in the name of Landlord, provided and upon condition that Tenant does so with due diligence and in good faith and that such contest shall be without cost, liability or expense to Landlord. Landlord shall
cooperate with Tenant and shall execute any documents or pleadings reasonably required for such purpose. Such contest may include appeals from any judgment, decree or order until a final determination is made by a court or governmental department or
authority having final jurisdiction in the matter. However, notwithstanding such contest, Tenant shall pay the contested Real Estate Taxes in the manner and on the dates provided for in this Article. Tenant will be entitled to the net amount of such
remission or refund subject to the apportionment provisions in Section 6.04. 
 6.06 Notwithstanding anything herein contained to the
contrary, in the event any Superior Mortgage or Superior Mortgagee shall so require, Tenant shall, on the first day of each January, April, July, and October during the Term, deposit in advance with Landlord, or at Landlord’s request with any
Superior Mortgagee, as Additional Rent, an amount equal to 1/4th of the annual Real Estate Taxes which Tenant shall be obligated to pay under the provisions of this Article 6 (as such Real Estate Taxes may be estimated by Landlord or such Superior
Mortgagee for the present or next following Real Estate Tax period) plus any other amounts required by such Superior Mortgagee to the end that the amount deposited shall be sufficient to pay the Real Estate Taxes when same shall become due and
payable. Landlord or such Superior Mortgagee, as the case shall be, shall use or caused to be used such deposits for the paying when due of such Real Estate Taxes. In the event that the amount paid by Tenant to Landlord or such Superior Mortgagee as
provided above in any calendar quarter are in excess of the amounts required to pay the Real Estate Taxes that Tenant is obligated to pay under the provisions of this Article 6, any such excess shall be promptly refunded to Tenant. Landlord shall
furnish to Tenant reasonable proof of the payment of the Real Estate Taxes for which such deposits were made promptly after receipt by Landlord of such proof. 

 ARTICLE 7 – INTENTIONALLY OMITTED 
 ARTICLE 8 - SECURITY 
 8.01. (a) In the event Tenant deposits with Landlord any
Security Deposit, the same shall be held as security for the full and faithful payment and performance by Tenant of Tenant’s obligations under this Lease. If Tenant defaults in the full and prompt payment and performance of any of its
obligations under this Lease, including, without limitation, the payment of Rent, Landlord may use, apply or retain the whole or any part of the security so deposited to the extent required for the payment of any Rent or any other sums as to which
Tenant is in default or for any sum which Landlord may expend or may be required to expend by reason of Tenant’s default in respect of any of Tenant’s obligations under this Lease, including, without limitation, any damages or deficiency
in the reletting of the Demised Premises, whether such damages or deficiency accrue before or after summary proceedings or other re-entry by Landlord. If Landlord shall so use, apply or retain the whole or any part of the security, Tenant shall upon
demand immediately deposit with Landlord a sum equal to the amount so used, applied and retained, as security as aforesaid. If Tenant shall fully and faithfully pay and perform all of Tenant’s obligations under this Lease, the security or any
balance thereof to which Tenant is entitled shall be returned or paid over to Tenant within thirty (30) days after the date on which this Lease shall expire or sooner end or terminate, and after delivery to Landlord of entire possession of the
Demised Premises. In the event of any sale or leasing of the Land, Landlord shall have the right to transfer the security to which Tenant is entitled to the vendee or lessee and Landlord shall thereupon be released by Tenant from all liability for
the return or payment thereof; and Tenant shall look solely to the new landlord for the return or payment of the same; and the provisions hereof shall apply to every transfer or assignment made of the same to a new landlord. Tenant shall not assign
or encumber or attempt to assign or encumber the monies deposited herein as security, and neither Landlord nor its successors or assigns shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. 

8.01.(b) In lieu of the cash security required by this Lease, Tenant shall provide to Landlord an irrevocable transferable Letter of Credit in the
amount of the Security Deposit in form and substance satisfactory to Landlord and issued by a financial institution approved by Landlord. Landlord shall have the right, upon five (5) business days written notice to Tenant (except that for
Tenant’s non-payment of Rent or for Tenant’s failure to comply with Article 8.03, no such notice shall be required) and regardless of the exercise of any other remedy the Landlord may have by reason of a default, to draw upon said Letter
of Credit to cure any default of Tenant or for any purpose authorized by section 8.01(a) of this Lease and if Landlord does so, Tenant shall, upon ten (10) days written demand, additionally fund the Letter of Credit with the amount so drawn so
that Landlord shall have the full deposit on hand at all times during the Term of the Lease and for a period of thirty (30) days’ thereafter. In the event of a sale of the Building or a lease of the Building subject to this Lease, Landlord
shall transfer the security to the vendee or lessee. 
 8.02. The Letter of Credit shall expire not earlier than thirty (30) days after
the Expiration Date of this Lease. The Letter of Credit shall be of the type which is automatically renewed on an annual basis (Annual Renewal Date). Tenant shall maintain the Letter of Credit and its renewals in full force and effect during the
entire Term of this Lease (including any renewals or extensions) and for a period of thirty (30) days thereafter. The Letter of Credit will contain a provision requiring the issuer thereof to give the beneficiary (Landlord) sixty
(60) days’ advance written notice of its intention not to renew the Letter of Credit on the next Annual Renewal Date. 
 8.03. In
the event Tenant shall fail to deliver to Landlord a substitute irrevocable Letter of 

 Credit, in the amount stated above, on or before thirty (30) days prior to the next Annual Renewal Date, said
failure shall be deemed a default under this Lease. Landlord may, in its discretion treat this the same as a default in the payment of Rent or any other default and pursue the appropriate remedy. In addition, and not in limitation, Landlord shall be
permitted to draw upon the Letter of Credit as in the case of any other default by Tenant under the Lease. 
 ARTICLE 9 - SUBORDINATION

 9.01. Subject to the execution of a Subordination, Non-Disturbance, and Attornment Agreement (“SNDA”) in a form reasonably
acceptable to Landlord, Tenant, and any Superior Mortgagee, this Lease, and all rights of Tenant hereunder, are and shall be subject and subordinate to all Superior Mortgages which may now or hereafter affect the Land and/or Building, whether or not
such Superior Mortgages shall also cover other lands and/or buildings, to each and every advance made or hereafter to be made under such Superior Mortgages, and to all renewals, modifications, replacements and extensions of such Superior Mortgages
and spreaders and consolidations of such Superior Mortgages. Notwithstanding anything contained herein to the contrary, subordination of this Lease pursuant to this Section 9.01 with respect to any Superior Mortgage entered into after the date
of this Lease shall be conditioned upon the Superior Mortgagee entering into a SNDA with Tenant in commercially reasonable form acceptable to such Superior Mortgagee, Landlord and Tenant. Landlord represents that as of the date of this Lease, there
is no Superior Mortgage affecting the Land and/or Building. 
 9.02. If any act or omission of Landlord would give Tenant the right,
immediately or after lapse of a period of time, to cancel or terminate this Lease, or to claim a partial or total eviction, Tenant shall not exercise such right (a) until it has given written notice of such act or omission to Landlord and each
Superior Mortgagee whose name and address shall previously have been furnished to Tenant, and (b) until any grace or cure period provided for in this Lease with respect to such act or omission shall have elapsed following the giving of such
notice; provided that if the Landlord shall have failed to remedy such act or omission within the time period, if any, provided for in this Lease, and any such Superior Mortgagee shall have notified Tenant within ten (10) days after the
expiration of any such time period that it intends to remedy such act or omission, any such Superior Mortgagee shall have (i) an additional thirty (30) days after the expiration of any such grace or cure period available to the Landlord to
remedy such act or omission, or (ii) if such act or omission cannot, with the exercise of reasonable and continuous diligence, be cured within such additional thirty (30) day period, such additional time as may be required, with the
exercise of reasonable and continuous diligence, to remedy such act of omission, before Tenant may exercise its rights to cancel or terminate this Lease, or claim a partial or total eviction. Further, if any such act or omission is not actually
cured within one hundred and twenty (120) days of the expiration of any grace or cure period available to the Superior Mortgagee and such act or omission materially interferes with the operation of Tenant’s business at the Demised
Premises, Tenant may upon the expiration of such one hundred and twenty (120) day period undertake such reasonable actions as may be available to Tenant to remedy such act or omission. The reasonable and actual costs incurred by Tenant to
correct such condition shall be paid by the Superior Mortgagee within thirty (30) days of Tenant’s demand therefore, provided, however, to the extent the Superior Mortgagee disputes in any manner Tenant’s actions under this Article
9.02 (including, but not limited 

 to, the costs associated with the remedying of any such condition), the parties agree to submit such dispute to
arbitration in accordance with Article 34 below. In the event any such arbitration results in a monetary judgment against the Superior Mortgagee, and Superior Mortgagee, upon notice from Tenant, fails to satisfy such monetary judgment, Tenant shall
have the right, in addition to any other remedy permitted at law, to offset the Rent due under this Lease until such time as the monetary award is fully satisfied. The provisions of this Section shall not apply to Article 22 below. 
 9.03. If any Superior Mortgagee shall succeed to the rights of Landlord under this Lease, whether through possession or foreclosure action or delivery of
a new lease or deed, then at the request of such party so succeeding to Landlord’s rights (“Successor Landlord”), Tenant shall attorn to and recognize such Successor Landlord as Tenant’s landlord under this Lease and such
Successor Landlord shall similarly recognize Tenant’s rights as Tenant under this Lease and each shall promptly execute and deliver any instrument that such Successor Landlord may reasonably request to evidence such attornment. Upon such
attornment this Lease shall continue in full force and effect as a direct lease between the Successor Landlord and Tenant upon all of the terms, conditions and covenants as are set forth in this Lease except that the Successor Landlord shall not
(a) be liable for any previous act or omission of Landlord under this Lease; (b) be subject to any offset, not expressly provided for in this Lease, which theretofore shall have accrued to Tenant against Landlord; or (c) be bound by
any previous modification of this Lease that has not been approved in writing by such Successor Landlord or by any previous prepayment of more than one month’s Fixed Rent or more than three (3) month’s Additional Charges, unless such
modification or prepayment shall have been expressly approved in writing by the Superior Mortgagee of the Superior Mortgage through or by reason of which the Successor Landlord shall have succeeded to the rights of Landlord under this Lease.

 ARTICLE 10 - QUIET ENJOYMENT 
 10.01. So long as Tenant pays all of the Rent and performs all of Tenant’s other obligations hereunder, Tenant shall peaceably and quietly have, hold and enjoy the Demised Premises without hindrance, ejection or molestation by Landlord
or any person lawfully claiming through or under Landlord, subject, nevertheless, to the provisions of this Lease and to Superior Mortgages. 
 ARTICLE 11 - ASSIGNMENT, SUBLETTING AND MORTGAGING 
 11.01 (a). Tenant shall not, whether voluntarily, involuntarily, or by
operation of law or otherwise, (a) assign or otherwise transfer this Lease, or offer or advertise to do so, (b) sublet the Demised Premises or any part thereof, or offer or advertise to do so, or allow the same to be used, occupied or
utilized by anyone other than Tenant, or (c) mortgage, pledge, encumber or otherwise hypothecate this Lease in any manner whatsoever, without in each instance obtaining the prior written consent of Landlord. Landlord agrees not to unreasonably
withhold, delay, or condition its consent to the subletting of the Demised Premises or an assignment of this Lease. In determining reasonableness, Landlord may take into consideration all relevant factors surrounding the proposed sublease and
assignment, including, without limitation, the following: (i) the nature of the business and the proposed 

 use of the Demised Premises by the proposed assignee or subtenant; (ii) whether the proposed assignee or subtenant
is then a tenant (or subsidiary, affiliate or parent of a tenant) of other space owned or managed by Landlord in the Development (provided Landlord has comparable space available for the intended use of the proposed assignee or subtenant); and
(iii) the financial condition of the proposed assignee or subtenant. 
 (b) Notwithstanding anything herein contained to the contrary,
Tenant shall be permitted to assign this Lease to the following entities (“Permitted Assignees”) without Landlord’s consent, but upon notice to Landlord: (i) any entity with a net worth in excess of One Hundred Million Dollars
($100,000,000.00) as determined by generally accepted accounting principles, (ii) an affiliate, subsidiary, or parent of Equinix, Inc., or a corporation, partnership or other legal entity wholly owned by Equinix, Inc. (collectively, an
“Affiliated Party”), or (iii) a successor to Tenant by acquisition or merger, or by a consolidation or reorganization pursuant to which Tenant ceases to exist as a legal entity (each such party a “Successor Party”) provided
such Successor Party has a net worth which complies with subparagraph (i) hereinabove. As used herein, (A) “parent” shall mean a company which owns a majority of Equinix, Inc.’s voting equity; (B) “subsidiary”
shall mean an entity wholly owned by Equinix, Inc. or a controlling interest in whose voting equity is owned by Equinix, Inc.; and (C) “affiliate” shall mean an entity controlled by, controlling or under common control with Equinix,
Inc. Regardless of whether Landlord’s consent is required, any and all assignments shall be upon the conditions that (a) the assignee shall assume and agree by a written instrument in recordable form and reasonably satisfactory to Landlord
to perform and observe Tenant’s obligations hereunder, (b) an executed and acknowledged duplicate original of a written assignment and assumption agreement shall be delivered to Landlord within ten (10) days after the execution of the
assignment, and (c) no Event of Default shall be continuing at the time of such assignment. 
 (c) Notwithstanding anything herein
contained to the contrary, Tenant shall have the right to enter into subleases, licenses or similar agreements (collectively a “Sublease”) with its customers (“Customers”), consistent with the custom and practice of the
telecommunications industry, to “co-locate” such Customers’ telecommunications equipment within the Demised Premises or to otherwise occupy a portion of the Demised Premises and to allow such Customers to avail themselves of the
services provided by Tenant from the Demised Premises consistent with the permitted uses of the Demised Premises. Any such Sublease shall be subject and subordinate in all respects to all of the terms of this Lease but shall not require any prior
consent from the Landlord; provided, however, that: (A) no Sublease shall in any way discharge or diminish any of the obligations of Tenant to Landlord under this Lease and Tenant shall remain directly and primarily liable under this Lease;
(B) each Sublease shall be subject to and subordinate to this Lease and to the rights of Landlord hereunder; (C) each Sublease shall prohibit the subtenant from engaging in any activities on the Demised Premises that are not consistent
with those permitted under this Lease; and (D) each Sublease shall have a term which expires on or prior to the Expiration Date (or the expiration of the renewal term if Tenant has irrevocably exercised such renewal option). Each such Sublease
shall provide that (a) it is subject and subordinate to this Lease, and (b) in the event of termination, reentry or dispossess by Landlord under this Lease, Landlord may, at its option, take over all of the right, title and interest of
Tenant (as sublessor) under such Sublease, and such subtenant shall, at Landlord’s option, attorn to Landlord pursuant to the provisions of such Sublease. Tenant hereby agrees for the benefit of Landlord that Tenant will fully and faithfully
perform and observe its obligations under any such Sublease. 

 11.02. Except as otherwise expressly provided in Article 11.01 (b) above, if at any time
(a) the original Tenant named herein, (b) the then Tenant, or (c) any Person owning a majority of the voting stock of, or directly or indirectly controlling, the then Tenant shall be a corporation or partnership, any transfer of
voting stock or partnership interest resulting in the person(s) who shall have owned a majority of such corporation’s shares of voting stock or the general partners’ interest in such partnership, as the case may be, immediately before such
transfer, ceasing to own a majority of such shares of voting stock or general partner’s interest, as the case may be, except as the result of transfers by inheritance, shall be deemed to be an assignment of this Lease as to which
Landlord’s consent shall have been required, and in any such event Tenant shall notify Landlord. The provisions of this Section 11.02 shall not be applicable to any corporation all the outstanding voting stock of which is listed on a
national securities exchange (as defined in the Securities Exchange Act of 1934, as amended) or is traded in the over-the-counter market with quotations reported by the National Association of Securities Dealers through its automated system for
reporting quotations and shall not apply to transactions with a corporation into or with which the then Tenant is merged or consolidated or to which substantially all of the then Tenant’s assets are transferred or to any corporation which
controls or is controlled by the then Tenant or is under common control with the then Tenant, provided that in any of such events (i) the successor to Tenant has a net worth computed in accordance with generally accepted accounting principles
of at least $100,000,000.00 and (ii) proof satisfactory to Landlord of such net worth shall have been delivered to Landlord at least 10 days prior to the effective date of any such transaction. For the purposes of this Section, the words
“voting stock” shall refer to shares of stock regularly entitled to vote for the election of directors of the corporation. 
 11.03. If this Lease is assigned, whether or not in violation of this Lease, Landlord may collect rent from the assignee. If the Demised Premises or any part thereof are sublet or used or occupied by anybody other than Tenant, whether or
not in violation of this Lease, Landlord may, after default by Tenant, and expiration of Tenant’s time to cure such default, collect rent from the subtenant or occupant. In either event, Landlord may apply the net amount collected to the Rent,
but no such assignment, subletting, occupancy or collection shall be deemed a waiver of any of the provisions of Section 11.01 or Section 11.02, or the acceptance of the assignee, subtenant or occupant as tenant, or a release of Tenant
from the performance by Tenant of Tenant’s obligations under this Lease. The consent by Landlord to any assignment, mortgaging, subletting or use or occupancy by others shall not in any way be considered to relieve Tenant from obtaining the
express written consent of Landlord to any other or further assignment, mortgaging or subletting or use or occupancy by others not expressly permitted by this Article 11. References in this Lease to use or occupancy by others (that is, anyone other
than Tenant) shall not be construed as limited to subtenants and those claiming under or through subtenants but shall be construed as including also licensees and others claiming under or through Tenant, immediately or remotely. 
 11.04. Any permitted assignment or transfer, whether made with Landlord’s consent pursuant to Section 11.01 or without Landlord’s consent
if permitted hereunder, shall be made only if, and shall not be effective until, the assignee shall execute, acknowledge and deliver to Landlord an agreement in form and substance reasonably satisfactory to Landlord whereby the assignee shall assume
Tenant’s obligations under this Lease and whereby the assignee shall agree that all of the provisions in this Article 11 shall, notwithstanding such assignment or transfer, continue to be binding upon it in respect 

 to all future assignments and transfers. Notwithstanding any assignment or transfer, whether or not in violation of the
provisions of this Lease, and notwithstanding the acceptance of Rent by Landlord from an assignee, transferee, or any other party, the original Tenant and any other person(s) who at any time was or were Tenant shall remain fully liable for the
payment of the Rent and for Tenant’s other obligations under this Lease. 
 11.05. The liability of the original named Tenant and any
other Person(s) who at any time are or become responsible for Tenant’s obligations under this Lease shall not be discharged, released or impaired by any agreement extending the time of, or modifying any of the terms or obligations under this
Lease, or by any waiver or failure of Landlord to enforce, any of this Lease. 
 11.06. The listing of any name other than that of Tenant,
whether on the doors of the Demised Premises or the Building directory, or otherwise, shall not operate to vest any right or interest in this Lease or in the Demised Premises, nor shall it be deemed to be the consent of Landlord to any assignment or
transfer of this Lease or to any sublease of the Demised Premises or to the use or occupancy thereof by others. Notwithstanding anything contained in this Lease to the contrary, Landlord shall have the absolute right to withhold its consent to an
assignment or subletting to a Person who is otherwise a tenant or occupant of any building owned or managed by Landlord in the Development (provided Landlord has comparable space available for the intended use of the proposed assignee or subtenant).

 11.07. Without limiting any of the provisions of Article 24, if pursuant to the Federal Bankruptcy Code (or any similar law hereafter
enacted having the same general purpose), Tenant is permitted to assign this Lease notwithstanding the restrictions contained in this Lease, adequate assurance of future performance by an assignee expressly permitted under such Code shall be deemed
to mean the deposit of cash security in an amount equal to the sum of one (1) year’s Fixed Rent plus an amount equal to the Additional Charges for the Calendar Year preceding the year in which such assignment is intended to become
effective, which deposit shall be held by Landlord for the balance of the Term, without interest, as security for the full performance of all of Tenant’s obligations under this Lease, to be held and applied in the manner specified for security
in Article 8. 
 ARTICLE 12 - COMPLIANCE WITH LAWS 
 12.01. Tenant shall comply with all Legal Requirements which shall, in respect of the Demised Premises or the use and occupation thereof, or the abatement of any nuisance in, on or about the Demised Premises, impose
any violation, order or duty on Landlord or Tenant; and Tenant shall pay all the cost, expenses, fines, penalties and damages which may be imposed upon Landlord by reason of or arising out of Tenant’s failure to fully and promptly comply with
and observe the provisions of this Section 12.01. However, Tenant need not comply with any such law or requirement of any public authority so long as Tenant shall be contesting the validity thereof, or the applicability thereof to the Demised
Premises, in accordance with Section 12.02. 
 12.02. Tenant may contest, by appropriate proceedings prosecuted diligently and in good
faith, the validity, or applicability to the Demised Premises, of any Legal Requirement, provided that (a)

 Landlord shall not be subject to criminal penalty or to prosecution for a crime or offense, and neither the Demised
Premises nor any part thereof shall be subject to being condemned or vacated, by reason of non-compliance or otherwise by reason of such contest; (b) before the commencement of such contest, Tenant shall furnish to Landlord either (i) the
bond of a surety company satisfactory to Landlord, which bond shall be, as to its provisions and form, satisfactory to Landlord, and shall be in an amount at least equal to 125% of the cost of such compliance (as estimated by a reputable contractor
designated by Landlord) and shall indemnify Landlord against the cost thereof and against all liability for damages, interest, penalties and expenses (including reasonable attorneys’ fees and expenses), resulting from or incurred in connection
with such contest or non-compliance, or (ii) other security in place of such bond satisfactory to Landlord; (c) such non-compliance or contest shall not constitute or result in any violation of any Superior Mortgage, or if any such
Superior Mortgage shall permit such non-compliance or contest on condition of the taking of action or furnishing of security by Landlord, such action shall be taken and such security shall be furnished at the expense of Tenant; and (d) Tenant
shall keep Landlord advised as to the status of such proceedings. Without limiting the application of the above, Landlord shall be deemed subject to prosecution for a crime or offense if Landlord, or its managing agent, or any officer, director,
partner, shareholder or employee of Landlord or its managing agent, as an individual, is charged with a crime or offense of any kind or degree whatsoever, whether by service of a summons or otherwise, unless such charge is withdrawn before Landlord
or its managing agent, or such officer, director, partner, shareholder or employee of Landlord or its managing agent (as the case may be) is required to plead or answer thereto. Notwithstanding anything contained in this Lease to the contrary,
Tenant shall not file any Real Estate Tax appeal without the prior written consent of Landlord, which consent may be given or withheld in Landlord’s absolute discretion. 
 ARTICLE 13 - INSURANCE AND INDEMNITY 
 13.01. During the Term, Tenant shall maintain at
its own cost and expense the following insurance: (a) comprehensive or commercial general liability insurance in respect of the Demised Premises and the conduct and operation of business therein, having limits of liability not less than
$5,000,000.00 per occurrence for bodily injury or property damage (which may be satisfied by providing a $1,000,000 primary policy with an umbrella policy of at least $4,000,000) coverage to include but not be limited to completed operations,
contractual liability and product liability, (b)automobile liability insurance covering all owned, hired and non-owned vehicles used by the Tenant in connection with their work and any loading or unloading of such vehicles, with limits as stated
above, (c) workmen’s compensation and employers liability insurance as required by statutes, but in any event not less than $500,000.00 for each accident or occupational disease for employers liability, (d) All-Risk insurance
[including flood and earthquake (providing such earthquake coverage is at commercially reasonable rates)] covering the Demised Premises and Tenant’s stock in trade, fixtures, furniture, furnishings, removable floor coverings, equipment, signs
or any other property of Tenant in the Demised Premises, against loss or damage in an amount equal to the full replacement value thereof as same might increase from time to time or such higher amount as either may be required by the holder of any
Superior Mortgage covering the Demised Premises or is necessary to prevent Landlord and/or Tenant from becoming a co-insurer, such insurance to include (i) coverage for property of others in the care, custody and control of Tenant in amounts
sufficient to cover the maximum value of such property and to the extent of Tenant’s liability therefor, (ii) boiler and machinery insurance, if applicable, (iii) rent insurance in an amount equal to the Rent, and all other charges
payable by Tenant pursuant to this 

 Lease for a period of one (1) year, and (iv) a provision that the insurer will waive subrogation against
Landlord, and (e) any other insurance that Landlord may reasonably require. Landlord may at any time and from time to time require that the limits for the liability insurance to be maintained by Tenant be increased to the limits that new
Tenants in similar buildings are required by Landlord to maintain. The insurance carried pursuant to Section 13.01 (d) shall be carried in favor of Landlord and the holder of any Superior Mortgage on the Premises and the standard mortgagee
clause shall be attached to the appropriate policies. Insurance carried pursuant to Section 13.01 (d) shall provide that the loss, if any, shall be adjusted with and payable to the party who will perform the work of restoration pursuant to
Article 22 and such mortgagee as their interests may appear. Tenant shall deliver to Landlord and any additional insured(s) certificates for such fully paid for policies (with property and liability insurance evidenced on an Acord 27 or similar
form) upon execution hereof. Upon request of Landlord, Tenant shall furnish Landlord with copies of all such insurance policies. Tenant shall procure and pay for renewals of such insurance from time to time before the expiration thereof, and Tenant
shall deliver to Landlord and any additional insured(s), certificates therefor at least twenty (20) days before the expiration of any existing policy. All such policies shall be issued by companies acceptable to Landlord, having a Bests Rating
of not less than A, Class VII (or an equivalent S&P rating if requested by Landlord), and licensed to do business in New Jersey, and all such policies shall contain a provision whereby the same cannot be canceled unless Landlord and any
additional insured(s) are given at least thirty (30) days’ prior written notice of such cancellation. The insurance required by this Section (other than worker’s compensation insurance) and the certificates thereof to be delivered to
Landlord by Tenant shall name Landlord as an additional insured and, at Landlord’s request, shall also name any Superior Mortgagees as additional insureds, and the following phrase must be typed on the certificate of insurance: “Hartz
Mountain Industries, Inc., and its respective subsidiaries, affiliates, associates, joint ventures, and partnerships, are hereby named as additional insureds as their interests may appear (and if Landlord has so requested, Tenant shall include any
Superior Mortgagees as additional insured(s)). It is intended for this insurance to be primary and non-contributing.” Tenant shall give Landlord at least thirty (30) days’ prior written notice that any such policy is being canceled or
replaced. 
 13.02. Tenant shall not do, permit or suffer to be done any act, matter, thing or failure to act in respect of the Demised
Premises or use or occupy the Demised Premises or conduct or operate Tenant’s business in any manner that violates the Insurance Requirements. 
 13.03. Tenant shall indemnify and hold harmless Landlord and its respective partners, joint venturers, directors, officers, agents, servants and employees from and against any and all claims arising from or in connection with (a) the
conduct or management of the Demised Premises or of any business therein, or any work or thing whatsoever done, or any condition created (other than by Landlord) in the Demised Premises during the Term or during the period of time, if any, prior to
the Commencement Date that Tenant may have been given access to the Demised Premises; (b) any act, omission or negligence of Tenant or any of its subtenants or licensees or its or their partners, joint venturers, directors, officers, agents,
employees or contractors; (c) any accident, injury or damage whatever (unless caused solely by Landlord’s or its agent’s, representative’s, employee’s or contractor’s negligence) occurring in the Demised Premises; and
(d) any breach or default by Tenant in the full and prompt payment and performance of Tenant’s obligations under this Lease; together with all costs, expenses and liabilities incurred in or in connection with each such claim or action or
proceeding brought thereon, including, without limitation, all attorneys’ fees and expenses. In case any action or 

 proceeding is brought against Landlord and/or its partners, joint venturers, directors, officers, agents and/or employees
in connection with conduct or management of the Demised Premises or by reason of any claim referred to above, Tenant, upon notice from Landlord shall, at Tenant’s cost and expense, resist and defend such action or proceeding by counsel
reasonably satisfactory to Landlord. 
 13.04. Landlord shall not be liable or responsible for, and Tenant hereby releases Landlord and from,
all liability and responsibility to Tenant and any person claiming by, through or under Tenant, by way of subrogation or otherwise, for any injury, loss or damage to any person or property in or around the Demised Premises or to Tenant’s
business irrespective of the cause of such injury, loss or damage, and Tenant shall require its insurers to include in all of Tenant’s insurance policies which could give rise to a right of subrogation against Landlord a clause or endorsement
whereby the insurer waives any rights of subrogation against Landlord or permits the insured, prior to any loss, to agree with a third party to waive any claim it may have against said third party without invalidating the coverage under the
insurance policy. 
 ARTICLE 14 – INTENTIONALLY OMITTED 
 ARTICLE 15 - ALTERATIONS AND SIGNS 
 15.01. Except with respect to alterations, additions, changes,
replacements, installations or improvements which impair the physical or structural integrity of the Building, or which alter the exterior of the Building in a manner that is inconsistent with the general appearance of the Building as it exists on
the date of this Lease, or which involve exterior (i.e. outside the Building) installations or exterior underground cable, conduit and/or and utility lines, which collectively are referred to herein as “Alterations” and which shall require
Landlord’s prior written approval, Tenant may make from time to time, without Landlord’s consent, alterations, modifications or improvements to the Improvements as it desires or is required to make. With respect to those Alterations
requiring Landlord’s prior approval, Tenant shall, prior to the commencement of such Alterations, submit to Landlord detailed plans and specifications for such Alterations prepared by a registered architect or professional engineer and Landlord
shall reasonably approve or disapprove such Alterations within ten (10) business days [or two (2) business days in the event of an emergency)] of Tenant’s submission thereof. Any disapproval of such proposed Alterations shall be
accompanied by specific reasons for such disapproval. Failure of Landlord to respond within such ten (10) business day period [or two (2) business day period in the event of an emergency)] shall be deemed approval of such proposed
Alterations. Alterations, and any alterations, modifications or improvements that do not constitute Alterations, made by Tenant shall be performed in compliance with all applicable Legal Requirements and Insurance Requirements. With respect to those
Alterations requiring Landlord’s approval, Landlord agrees that such approval shall not be unreasonably withheld, delayed or conditioned. Landlord acknowledges that Tenant intends to install at the Demised Premises, on the exterior of the
Improvements, supplemental generators, transformers, and related electrical and mechanical equipment along with above ground fuel storage tanks. Landlord’s reasonable approval of such items shall be limited to design, location and exterior view
(including, but not limited to, enclosure and sound attentuation) and not to mere installation of such items. 

 15.02. Tenant shall obtain all necessary governmental permits and certificates for the commencement and
prosecution of permitted Alterations and for final approval thereof upon completion, and shall cause Alterations (including those alterations, modifications and improvements that do not constitute Alterations) to be performed in compliance with all
applicable Legal Requirements and Insurance Requirements. Alterations (including those alterations, modifications and improvements that do not constitute Alterations) shall be diligently performed in a good and workmanlike manner, using new
materials and equipment at least equal in quality and class to the original installations of the Building. Throughout the making of Alterations (including those alterations, modifications and improvements that do not constitute Alterations), Tenant
shall carry, or cause to be carried, workmen’s compensation insurance in statutory limits and general liability insurance, with completed operation endorsement, for any occurrence in or about the Building, under which Landlord and its managing
agent whose name and address shall previously have been furnished to Tenant shall be named as parties insured, in such limits as Landlord may reasonably require, with insurers reasonably satisfactory to Landlord. Tenant shall furnish Landlord with
reasonably satisfactory evidence that such insurance is in effect at or before the commencement of Alterations and, on request, at reasonable intervals thereafter during the making of Alterations. 
 15.03. (i) Tenant shall obtain and provide all design and architectural services necessary to perform Tenant’s Work and shall be responsible
for complying with all building codes and Legal Requirements in connection with Tenant’s Work prior to commencing any work in the Demised Premises. 
 (ii) Tenant shall be solely responsible for the structural integrity of the improvements constructed in connection with the Tenant’s Work and for the adequacy or sufficiency of any plans and specifications and
all the improvements depicted thereon or covered thereby. Landlord shall have no obligations or liabilities by reason of this Lease in connection with the performance of, construction, or the finish, decorating or installation work performed by
Tenant, or on its behalf, or in connection with the contracts for the performance thereof entered into by Tenant. Any warranties extended or available to Tenant in connection with the aforesaid work shall to the extent allowable be for the benefit
also of Landlord. 
 15.04. Tenant shall not place any signs on the roof, exterior walls or grounds of the Demised Premises without first
obtaining Landlord’s written consent thereto, which consent shall not be unreasonably withheld, delayed or conditioned. In placing any signs on or about the Demised Premises, Tenant shall, at its expense, comply with all applicable legal
requirements and obtain all required permits and/or licenses. 
 ARTICLE 16 - LANDLORD’S AND TENANT’S PROPERTY 
 16.01. All fixtures, equipment, improvements and appurtenances attached to or built into the Demised Premises at the commencement of or during the Term,
whether or not by or at the expense of Tenant, shall be and remain a part of the Demised Premises, shall be deemed to be the property of Landlord and shall not be removed by Tenant, except as provided in Section 16.02. 

 16.02. All movable partitions, business and trade fixtures, machinery and equipment, communications
equipment and office equipment, whether or not attached to or built into the Demised Premises, which are installed in the Demised Premises by or for the account of Tenant without expense to Landlord and can be removed without structural damage to
the Building and all furniture, furnishings, and other movable personal property owned by Tenant and located in the Demised Premises (collectively, “Tenant’s Property”) shall be and shall remain the property of Tenant and may be
removed by Tenant at any time during the Term; provided that if any of the Tenant’s Property is removed, Tenant shall repair or pay the cost of repairing any damage to the Demised Premises, resulting from the installation and/or removal
thereof. Any equipment or other property for which Landlord shall have granted any allowance or credit to Tenant shall not be deemed to have been installed by or for the account of Tenant without expense to Landlord, shall not be considered as the
Tenant’s Property and shall be deemed the property of Landlord. For purposes of this Lease, and except in the event of a termination of this Lease as a result of Tenant’s default, the Personal Property listed on Exhibit C shall be deemed
Tenant’s Property. 
 16.03. At or before the Expiration Date or the date of any earlier termination of this Lease, or within fifteen
(15) days after such an earlier termination date, Tenant shall remove from the Demised Premises all of the Tenant’s Property (except such items thereof as Landlord shall have expressly permitted to remain, which property shall become the
property of Landlord if not removed), and Tenant shall repair any damage to the Demised Premises resulting from any installation and/or removal of the Tenant’s Property. Any items of the Tenant’s Property which shall remain in the Demised
Premises after the Expiration Date or after a period of fifteen (15) days following an earlier termination date, may, at the option of Landlord, be deemed to have been abandoned, and in such case such items may be retained by Landlord as its
property or disposed of by Landlord, without accountability, in such manner as Landlord shall determine at Tenant’s expense. 
 16.04.
At or before the Expiration Date or the date of any earlier termination of this Lease, or within fifteen (15) days after such an earlier termination date, Tenant shall, at Tenant’s sole cost and expense, remove from the Demised Premises
such rack system as may be installed in the Demised Premises and Tenant shall repair any damage to the Demised Premises and the Building resulting from any installation and/or removal thereof. Such removal, if any, shall be in accordance with the
following procedures, unless Landlord shall advise Tenant to the contrary by written notice to Tenant: 
 Core a hole centered over the anchor
bolt with a core bit 1.5 times larger than the bolt to be removed, but in no event smaller than 1” in diameter. 
 Core hole shall be
drilled to a depth equal to the bolt depth, but not less than 2” deep. Remove the cored concrete with the anchor bolt from the hole. Clean all concrete slurry and debris from area to be patched. 
 Fill the cored hole with a polymer-modified non-shrink mortar, specifically SikaTop 122 or Master Builders Ceilcote 648 CP, or equivalent, and finish to
match surrounding concrete surface. 

 ARTICLE 17 - REPAIRS AND MAINTENANCE 
 17.01. Tenant shall, throughout the Term, take good care of the Demised Premises, the fixtures and appurtenances therein, and shall not do, suffer, or
permit any waste with respect thereto. Tenant shall keep and maintain all interior and exterior portions of the Demised Premises including, without limitation, all Building equipment, windows, doors, loading bay doors and shelters, plumbing and
electrical systems, heating, ventilating and air conditioning (“HVAC”) systems in a clean and orderly condition and in good order and repair. Tenant shall keep and maintain all floors, sidewalks, landscaping (including lawn areas),
curbing, paving whether in driveways, parking areas or access easements, including but not limited to the maintenance of the exterior grounds in accordance with the requirements of Exhibit F annexed hereto. The phrase “keep and maintain”
as used herein includes repairs, replacement and/or restoration as appropriate. Tenant shall maintain the exterior areas of the Demised Premises free of accumulation of snow, ice, dirt and rubbish. Tenant shall be responsible for all repairs,
interior and exterior, structural and nonstructural, ordinary and extraordinary, in and to the Demised Premises, including the Building and Land and the facilities and systems thereof, the need for which arises out of (a) the performance or
existence of the Tenant’s Work or alterations, (b) the installation, use or operation of the Tenant’s Property in the Demised Premises, (c) the moving of the Tenant’s Property in or out of the Building, or (d) the act,
omission, misuse or neglect of Tenant or any of its subtenants or its or their employees, agents, contractors or invitees. Upon request by Landlord, Tenant shall furnish Landlord with true and complete copies of maintenance contracts and with copies
of all invoices for work performed, confirming Tenant’s compliance with its obligations under this Article. In the event Tenant fails to furnish such copies, Landlord shall have the right, subject to the provisions of Article 19.02 below but at
Tenant’s cost and expense, to conduct such inspections or surveys as may be required to determine whether or not Tenant is in compliance with this Article and to have any work required of Tenant performed at Tenant’s cost and expense.
Tenant shall promptly replace all scratched, damaged or broken doors and glass in and about the Demised Premises and shall be responsible for all repairs, maintenance and replacement of wall and floor coverings in the Demised Premises and for the
repair and maintenance of all sanitary and electrical fixtures and equipment therein. Tenant’s obligations under this Section 17.01 shall not prohibit or prevent the temporary excavation, disturbance or removal of any portion of
the Demised Premises in connection with the performance of Tenant’s Work or any Alterations under this Lease provided that any such excavation, disturbance or removal is repaired or restored in accordance with the requirements of this
Lease. 
 17.02. Tenant shall be responsible for the structural integrity of the Building and shall, at its cost and expense, make all
repairs and replacements to the structural components of the Building (including but not limited to the roof and roof deck). 
 17.03. Except
as otherwise expressly provided in this Lease, Landlord shall have no liability to Tenant, nor shall Tenant’s covenants and obligations under this Lease be reduced or abated in any manner whatsoever, by reason of any inconvenience, annoyance,
interruption or injury to business arising from Landlord’s doing any repairs, maintenance, or changes which Landlord is required or permitted by this Lease, or required by Law, to make in or to any portion of the Building. 
 17.04. Tenant shall not permit or suffer the overloading of the floors of the Demised Premises 

 beyond 500 pounds per square foot, or lesser amount as may be applicable to any mezzanine area. Tenant shall have the
right, subject to compliance with Article 15 of this Lease, and subject to compliance with applicable Legal Requirements, to perform such Alterations to the floor slab as may be necessary to increase the load capacity of the floor slab. 

ARTICLE 18 - UTILITY CHARGES 
 18.01.
Tenant shall pay all charges for gas, water, sewer, electricity, heat or other utility or service supplied to the Demised Premises as measured by meters relating to Tenant’s use, and the cost of repair, maintenance, replacement, and reading of
any meters measuring Tenant’s consumption thereof. Tenant expressly agrees that Landlord shall not be responsible for the failure of supply to Tenant of any of the aforesaid, or any other utility service. Landlord shall not be responsible for
any public or private telephone service to be installed in the space, particularly conduit if required. 
 ARTICLE 19 - ACCESS 
 19.01. Subject to the provisions of Articles 19.02 and 30.01 below, Tenant shall permit Landlord, any authorized representative of Landlord and any
Superior Mortgagee to enter the Demised Premises for the purpose of inspecting all or any part thereof and making any repairs, replacements and restorations to the Demised Premises or any part thereof. If Tenant shall fail to perform any repairs,
replacements or restorations or to do other work which Tenant is obligated to perform under this Lease, Landlord and any party designated by Landlord shall have the right, but not the obligation, subject to Articles 19.02 and 30.01, to enter the
Demised Premises and perform such work. Tenant shall reimburse Landlord upon demand as Additional Rent for any cost and expense incurred by Landlord or such designee therefor, including, without limitation, all incidental costs and expenses
(including attorneys’ fees) in connection therewith. During the progress of any work Landlord is required or permitted to do under the provisions of this Lease, Landlord or its designee may bring, keep and store on the Demised Premises all
necessary materials, supplies, equipment and tools, and Landlord and its designee shall not in any event be liable for any inconvenience, annoyance, interruption, cessation or loss of business or other occurrence as pertains to Tenant or any other
occupant of the Demised Premises or any part thereof on account of entering the Demised Premises, performing such work, or bringing, keeping or storing any materials, supplies, equipment or tools into, on or through the Demised Premises, and the
obligations of Tenant under this Lease shall not thereby be affected in any manner whatsoever. 
 19.02. Landlord acknowledges that Tenant
will operate the Demised Premises as a highly secure facility which has very limited access. As a result thereof, Landlord shall not under any circumstances (except in the event of an emergency, and then only to the extent that Landlord has a need,
on an emergency basis, to enter the Demised Premises to protect Landlord’s rights hereunder) enter the Demised Premises except in accordance with Tenant’s then applicable written security procedures (of which Landlord has received
reasonable advance notice) and accompanied by a representative of Tenant and after, at least, 48 hours prior written notice. Subject to the foregoing requirement, Landlord shall be entitled to enter the Demised Premises at the following times and
for the 

 following purposes: (i) as required to perform Landlord’s obligations under this Lease and to inspect the
Demised Premises to confirm that Tenant is in compliance with its obligations under the Lease, provided, however, that such inspection shall only occur once a quarter (unless an Event of Default exists in which case Landlord may enter the Demised
Premises as often as Landlord deems necessary in its sole discretion, subject to the notice requirements set forth above), and (ii) showing the Demised Premises to prospective purchasers or lenders, or, during the last 365 days of the Term, to
prospective tenants. In exercising such entry rights, Landlord will endeavor to minimize, to the extent reasonably practicable, any interference with Tenant’s business operations at the Demised Premises. 
 ARTICLE 20 - MECHANICS’ LIENS AND OTHER LIENS 
 20.01. Nothing contained in this Lease shall be construed to imply any consent of Landlord to subject Landlord’s interest or estate to any liability under any mechanic’s, construction or other lien law. If any lien or any Notice
of Intention (to file a lien), Lis Pendens, or Notice of Unpaid Balance and Right to File Lien is filed against the Land, the Building, or any part thereof, or the Demised Premises, or any part thereof, for any work, labor, services or materials
claimed to have been performed or furnished for or on behalf of Tenant, or anyone holding any part of the Demised Premises through or under Tenant, Tenant shall cause the same to be canceled and discharged of record by payment, bond or order of a
court of competent jurisdiction within fifteen (15) days after notice by Landlord to Tenant. 
 20.02. Except for any Superior Mortgage,
and except for those exceptions to title set forth in the attached Exhibit D, Landlord shall not, without the consent of Tenant, which consent shall not be unreasonably withheld, enter into any easement, lease, lien or encumbrance affecting the
Demised Premises which would otherwise materially affect Tenant’s ability to operate its business for the Permitted Uses in the Demised Premises. 
 ARTICLE 21 - NON-LIABILITY AND INDEMNIFICATION 
 21.01. Neither Landlord nor any partner, joint venturer,
director, officer, agent, servant or employee of Landlord shall be liable to Tenant for any loss, injury or damage to Tenant or to any other Person, or to its or their property, irrespective of the cause of such injury, damage or loss, unless caused
by or resulting from the negligence of Landlord, its agents, servants or employees in the operation or maintenance of the Land or Building without contributory negligence on the part of Tenant or any of its subtenants or licensees or its or their
employees, agents or contractors. Further, neither Landlord nor any partner, joint venturer, director, officer, agent, servant or employee of Landlord shall be liable (a) for any such damage caused by other tenants or Persons in, upon or about
the Land or Building, or caused by operations in construction of any private, public or quasi-public work; or (b) even if negligent, for consequential damages arising out of any loss of use of the Demised Premises or any equipment or facilities
therein by Tenant or any Person claiming through or under Tenant. 
 21.02. Notwithstanding any provision to the contrary, Tenant shall look
solely to the estate and property of Landlord in and to the Land and Building (or the proceeds received by Landlord on a sale of 

 such estate and property but not the proceeds of any financing or refinancing thereof) in the event of any claim against
Landlord arising out of or in connection with this Lease, the relationship of Landlord and Tenant or Tenant’s use of the Demised Premises, and Tenant agrees that the liability of Landlord arising out of or in connection with this Lease, the
relationship of Landlord and Tenant or Tenant’s use of the Demised Premises shall be limited to such estate and property of Landlord (or sale proceeds). No other properties or assets of Landlord or any partner, joint venturer, director,
officer, agent, servant or employee of Landlord shall be subject to levy, execution or other enforcement procedures for the satisfaction of any judgment (or other judicial process) or for the satisfaction of any other remedy of Tenant arising out
of, or in connection with, this Lease, the relationship of Landlord and Tenant or Tenant’s use of the Demised Premises and if Tenant shall acquire a lien on or interest in any other properties or assets by judgment or otherwise, Tenant shall
promptly release such lien on or interest in such other properties and assets by executing, acknowledging and delivering to Landlord an instrument to that effect prepared by Landlord’s attorneys. Tenant hereby waives the right of specific
performance and any other remedy allowed in equity if specific performance or such other remedy could result in any liability of Landlord for the payment of money to Tenant, or to any court or governmental authority (by way of fines or otherwise)
for Landlord’s failure or refusal to observe a judicial decree or determination, or to any third party. 
 ARTICLE 22 - DAMAGE OR
DESTRUCTION 
 22.01. If the Building or the Demised Premises shall be partially or totally damaged or destroyed by fire or other casualty
(and if this Lease shall not be terminated as in this Article 22 hereinafter provided), Tenant shall repair the damage and restore and rebuild the Building with reasonable dispatch after notice to it of the damage or destruction to either
(i) improvements of a condition, character and value equal to those existing on the Demised Premises immediately prior to such damage or destruction, or (ii) improvements of a condition, character and value equal to the improvements which
existed on the Commencement Date of this Lease without consideration for any alterations, modifications, changes or other “fit-up” work which Tenant performs to the Demised Premises subsequent to the Commencement Date. All insurance
proceeds payable under any All-Risk casualty or similar insurance policy carried by Tenant hereunder shall be made available to Tenant to pay for the cost of such reconstruction, including, without limitation, for the cost of the repair or
reconstruction of any Tenant’s Property, provided that the amount of any such insurance shall not limit Tenant’s obligations under this Article 22. 
 22.02. Subject to the provisions of Section 22.05, if all or part of the Demised Premises shall be damaged or destroyed or rendered completely or partially untenantable on account of fire or other casualty, the
Rent shall be abated or reduced, as the case may be, in the proportion that the untenantable area of the Demised Premises bears to the total area of the Demised Premises ( but only to the extent of rent insurance proceeds received by Landlord from
insurance maintained by Tenant), for the period from the date of the damage or destruction to the date that the damage to the Demised Premises is substantially repaired, provided, however, should Tenant reoccupy a portion of the Demised Premises for
the purpose of conducting its business thereon during the period the repair or restoration work is taking place and prior to the date that the Demised Premises are substantially repaired or restored, the 

 Rent allocable to such reoccupied portion, based upon the proportion which the area of the reoccupied portion of the
Demised Premises bears to the total area of the Demised Premises, shall be payable by Tenant from the date of such occupancy. 
 22.03. If
the Building shall be damaged or destroyed by fire or other casualty during the last two [2] years of the Term, the repair or restoration of which requires the expenditure, as estimated by a reputable contractor or architect designated by Landlord,
of more than or twenty five percent [25%] of the full insurable value of the Building immediately prior to the casualty, Tenant may terminate this Lease by giving Landlord notice (the “Casualty Notice”) to such effect within thirty
(30) days after Tenant receives the notice from the contractor or architect designated above regarding the cost of rebuilding. In such event, Tenant shall assign to Landlord all or such portion of the proceeds of Tenant’s All-Risk property
insurance covering the Demised Premises as may be required to restore the Building to the condition which existed as of either (i) the date that is immediately prior to such damage or destruction, or (ii) the Commencement Date of this
Lease and Tenant shall cooperate with Landlord in the recovery and collection of the proceeds of such insurance. 
 22.04. Except as provided
in Article 22.03 above, Tenant shall not be entitled to terminate this Lease and no damages, compensation or claim shall be payable by Landlord for inconvenience, loss of business or annoyance arising from any repair or restoration of any portion of
the Building pursuant to this Article 22. 
 22.05. Notwithstanding any of the foregoing provisions of this Article 22, if by reason of some
act or omission on the part of Tenant or any of its subtenants or its or their partners, directors, officers, servants, employees, agents or contractors, Landlord or any Superior Mortgagee shall be unable to collect all of the rent insurance
proceeds applicable to damage or destruction of the Building by fire or other casualty, then, without prejudice to any other remedies which may be available against Tenant, there shall be no abatement or reduction of the Rent. Further, nothing
contained in this Article 22 shall relieve Tenant from any liability that may exist as a result of any damage or destruction by fire or other casualty. 
 22.06. Landlord will not carry insurance of any kind on the Tenant’s Property and, except as provided by law or by reason of Landlord’s breach of any of its obligations hereunder, shall not be obligated to
repair any damage to or replace the Tenant’s Property. 
 22.07. The provisions of this Article 22 shall be deemed an express agreement
governing any case of damage or destruction of the Building by fire or other casualty, and any law providing for such a contingency in the absence of an express agreement, now or hereafter in force, shall have no application in such case.

 ARTICLE 23 - EMINENT DOMAIN 
 23.01. If the whole of the Demised Premises shall be taken by any public or quasi-public authority under the power of condemnation, eminent domain or expropriation, or in the event of conveyance of the whole of the Demised Premises in lieu
thereof, this Lease shall terminate as of the day possession shall be taken by such authority. If 50 % or less of the Floor Space of the Building shall 

 be so taken or conveyed, this Lease shall terminate only in respect of the part so taken or conveyed as of the day
possession shall be taken by such authority. If more than 50 % of the Floor Space of the Building shall be so taken or conveyed, this Lease shall terminate only in respect of the part so taken or conveyed as of the day possession shall be taken
by such authority, but Tenant shall have the right to terminate this Lease upon notice given to Landlord within 30 days after such taking possession. If this Lease shall continue in effect as to any portion of the Demised Premises not so taken or
conveyed, the Rent shall be computed as of the day possession shall be taken on the basis of the remaining Floor Space of the Building. Except as specifically provided herein, in the event of any such taking or conveyance there shall be no reduction
in Rent. If this Lease shall continue in effect, Tenant shall, at its expense, but shall be obligated only to the extent of the net award or other compensation (after deducting all expenses in connection with obtaining same) made available to Tenant
for the improvements taken or conveyed (excluding any award or other compensation for the Land), make all necessary alterations so as to constitute the remaining Building a complete architectural and tenantable unit, and Tenant shall make all
alterations or replacements to the Tenant’s Property and decorations in the Demised Premises. All awards and compensation for any taking or conveyance, whether for the whole or a part of the Land or Building, shall be property of Landlord, and
Tenant hereby assigns to Landlord all of Tenant’s right, title and interest in and to any and all such awards and compensation, including, without limitation, any award or compensation for the value of the unexpired portion of the Term;
provided, however, Landlord agrees to make such awards and compensation for the Building available to Tenant to make all necessary alterations so as to constitute the remaining Building a complete architectural and tenantable unit. Tenant shall be
entitled to claim, prove and receive in the condemnation proceeding such award or compensation as may be allowed for the Tenant’s Property and for loss of business, good will, and depreciation or injury to and cost of removal of the
Tenant’s Property, but only if such award or compensation shall be made by the condemning authority in addition to, and shall not result in a reduction of, the award or compensation made by it to Landlord. 
 23.02. If the temporary use or occupancy of all or any part of the Demised Premises shall be taken during the Term, Tenant shall be entitled, except as
hereinafter set forth, to receive that portion of the award or payment for such taking which represents compensation for the use and occupancy of the Demised Premises, for the taking of the Tenant’s Property and for moving expenses, and
Landlord shall be entitled to receive that portion which represents reimbursement for the cost of restoration of the Demised Premises. This Lease shall be and remain unaffected by such taking and Tenant shall continue responsible for all of its
obligations hereunder insofar as such obligations are not affected by such taking and shall continue to pay the Rent in full when due. If the period of temporary use or occupancy shall extend beyond the Expiration Date, that part of the award or
payment which represents compensation for the use and occupancy of the Demised Premises (or a part thereof) shall be divided between Landlord and Tenant so that Tenant shall receive (except as otherwise provided below) so much thereof as represents
compensation for the period up to and including the Expiration Date and Landlord shall receive so much thereof as represents compensation for the period after the Expiration Date. All monies to be paid to Tenant as, or as part of, an award or
payment for temporary use and occupancy for a period beyond the date to which the Rent has been paid shall be received, held and applied by the first Superior Mortgagee (or if there is no Superior Mortgagee, by Landlord as a trust fund) for payment
of the Rent becoming due hereunder. 

 ARTICLE 24 - SURRENDER 
 24.01. On the Expiration Date, or upon any earlier termination of this Lease, or upon any re-entry by Landlord upon the Demised Premises, Tenant shall quit and surrender the Demised Premises to Landlord
“broom-clean” and in good order, condition and repair, except for ordinary wear and tear and such damage or destruction as Landlord is required to repair or restore under this Lease, and Tenant shall remove all of Tenant’s Property
therefrom except as otherwise expressly provided in this Lease. 
 24.02. If Tenant remains in possession of the Demised Premises after the
expiration of the Term, Tenant shall be deemed to be occupying the Demised Premises at the sufferance of Landlord subject to all of the provisions of this Lease, except that the monthly Fixed Rent shall be twice the Fixed Rent in effect during the
last month of the Term. 
 24.03. No act or thing done by Landlord or its agents shall be deemed an acceptance of a surrender of the Demised
Premises, and no agreement to accept such surrender shall be valid unless in writing and signed by Landlord. 
 ARTICLE 25 - CONDITIONS OF
LIMITATION 
 25.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment for the
benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) or any similar order or decree under any federal
or state law, now in existence, or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 days after entry, or (c) shall cause, suffer, permit or consent to the appointment of
a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such
appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of
intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease
shall terminate with the same effect as if that day were the expiration date of this Lease, but Tenant shall remain liable for damages as provided in Article 27. 
 25.02. This Lease is subject to the further limitations that: (a) if Tenant shall default in the payment of any Rent and such failure shall continue for ten (10) days after notice thereof from Landlord to
Tenant, or (b) if Tenant shall, whether by action or inaction, be in default of any of its obligations under this Lease (other than a default in the payment of Rent) and such default shall continue and not be remedied within thirty
(30) days after Landlord shall have given to Tenant a notice specifying the same, or, in the case of a default which cannot with due diligence be cured within a period of thirty (30) days and the continuance of which for the period
required for cure will not subject Landlord to prosecution for a crime or offense (as more particularly described in Section 12.02) or foreclosure of any Superior Mortgage, if Tenant shall not, (i) within said thirty (30) day period
advise Landlord of Tenant’s 

 intention to take all steps necessary to remedy such default, (ii) duly commence within said thirty (30) day
period, and thereafter diligently prosecute to completion all steps necessary to remedy the default, and (iii) complete such remedy within a reasonable time after the date of said notice by Landlord, or (c) if any event shall occur or any
contingency shall arise whereby this Lease would, by operation of law or otherwise, devolve upon or pass to any person, firm or corporation other than Tenant, except as expressly permitted by Article 11, or (d) if Tenant shall abandon the
Demised Premises, or (e) if there shall be any default by Tenant (or any person which, directly or indirectly, controls, is controlled by, or is under common control with Tenant) under any other lease with Landlord (or any person which,
directly or indirectly, controls is controlled by, or is under common control with Landlord) which shall not be remedied within the applicable grace period, if any, provided therefor under such other lease, then in any of said cases Landlord may
give to Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of the service of such notice of intention, and upon the expiration of said five (5) days, whether or not the Term shall theretofore have
commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this Lease, but Tenant shall remain liable for damages as provided in Article 27. 
 ARTICLE 26 - RE-ENTRY BY LANDLORD 
 26.01. If Tenant shall default in the payment of
any Rent beyond any applicable notice and cure periods, or if this Lease shall terminate as provided in Article 25, Landlord or Landlord’s agents and employees may immediately or at any time thereafter re-enter the Demised Premises, or any part
thereof, either by summary dispossess proceedings or by any suitable action or proceeding at law without being liable to indictment, prosecution or damages therefor, and may repossess the same, and may remove any Person therefrom, to the end that
Landlord may have, hold and enjoy the Demised Premises. The word “re-enter,” as used herein, is not restricted to its technical legal meaning. If this Lease is terminated under the provisions of Article 25, or if Landlord shall re-enter
the Demised Premises under the provisions of this Article 26, or in the event of the termination of this Lease, or of re-entry, by or under any summary dispossess or other proceedings or action or any provision of law by reason of default hereunder
on the part of Tenant, Tenant shall thereupon pay to Landlord the Rent payable up to the time of such termination of this Lease, or of such recovery of possession of the Demised Premises by Landlord, as the case may be, and shall also pay to
Landlord damages as provided in Article 27. 
 26.02. In the event of a breach or threatened breach by Tenant of any of its obligations under
this Lease, Landlord shall also have the right of injunction. The special remedies to which Landlord may resort hereunder are cumulative and are not intended to be exclusive of any other remedies to which Landlord may lawfully be entitled at any
time and Landlord may invoke any remedy allowed at law or in equity as if specific remedies were not provided for herein. 
 26.03. If this
Lease shall terminate under the provisions of Article 25, or if Landlord shall re-enter the Demised Premises under the provisions of this Article 26, or in the event of the termination of this Lease, or of re-entry, by or under any summary
dispossess or other proceeding or action or any provision of law by reason of default hereunder on the part of Tenant, Landlord shall be entitled to retain all monies, if any, paid by Tenant to Landlord, whether as security or otherwise, but such
monies 

 shall be credited by Landlord against any Rent due from Tenant at the time of such termination or re-entry or, at
Landlord’s option, against any damages payable by Tenant under Article 27 or pursuant to law. 
 ARTICLE 27 - DAMAGES 
 27.01. If this Lease is terminated under the provisions of Article 25, or if Landlord shall re-enter the Demised Premises under the provisions of Article
26, or in the event of the termination of this Lease, or of re-entry, by or under any summary dispossess or other proceeding or action or any provision of law by reason of default hereunder on the part of Tenant, Tenant shall pay as Additional
Charges to Landlord, at the election of Landlord, either: 
 (a) a sum which at the time of such termination of this Lease or at the time of
any such re-entry by Landlord, as the case may be, represents the then present value (discounted at a rate equal to one percent (1%) above the Federal Funds Rate) of the excess, if any, of (i) the aggregate amount of the Rent which would
have been payable by Tenant (conclusively presuming the average monthly Additional Charges to be the same as were the average monthly Additional Charges payable for the year, or if less than 365 days have then elapsed since the Commencement Date,
the partial year, immediately preceding such termination or re-entry) for the period commencing with such earlier termination of this Lease or the date of any such re-entry, as the case may be, and ending with the Expiration Date, over (ii) the
aggregate rental value of the Demised Premises for the same period; or 
 (b) sums equal to the Fixed Rent and the Additional Charges which
would have been payable by Tenant had this Lease not so terminated, or had Landlord not so re-entered the Demised Premises, payable upon the due dates therefor specified herein following such termination or such re-entry and until the Expiration
Date, provided, however, that if Landlord shall relet the Demised Premises during said period, Landlord shall credit Tenant with the net rents received by Landlord from such reletting, such net rents to be determined by first deducting from the
gross rents as and when received by Landlord from such reletting the expenses incurred or paid by Landlord in terminating this Lease or in re-entering the Demised Premises and in securing possession thereof, as well as the expenses of reletting,
including, without limitation, altering and preparing the Demised Premises for new tenants, brokers’ commissions, legal fees, and all other expenses properly chargeable against the Demised Premises and the rental therefrom, it being understood
that any such reletting may be for a period shorter or longer than the period ending on the Expiration Date; but in no event shall Tenant be entitled to receive any excess of such net rents over the sums payable by Tenant to Landlord hereunder, nor
shall Tenant be entitled in any suit for the collection of damages pursuant to this subdivision (b) to a credit in respect of any rents from a reletting, except to the extent that such net rents are actually received by Landlord. If the Demised
Premises or any part thereof should be relet in combination with other space, then proper apportionment on a square foot basis shall be made of the rent received from such reletting and of the expenses of reletting. 
 If the Demised Premises or any part thereof should be relet by Landlord before presentation of proof of such damages to any court, commission or
tribunal, the amount of rent reserved upon such 

 reletting shall, prima facie, be the fair and reasonable rental value for the Demised Premises, or part thereof, so relet
during the term of the reletting. Landlord shall not be liable in any way whatsoever for its failure to relet the Demised Premises or any part thereof, or if the Demised Premises or any part thereof are relet, for its failure to collect the rent
under such reletting, and no such failure to relet or failure to collect rent shall release or affect Tenant’s liability for damages or otherwise under this Lease. 
 27.02. Suit or suits for the recovery of such damages or, any installments thereof, may be brought by Landlord at any time and from time to time at its election, and nothing contained herein shall be deemed to require
Landlord to postpone suit until the date when the Term would have expired if it had not been so terminated under the provisions of Article 24, or under any provision of law, or had Landlord not re-entered the Demised Premises. Nothing herein
contained shall be construed to limit or preclude recovery by Landlord against Tenant of any sums or damages to which, in addition to the damages particularly provided above, Landlord may lawfully be entitled by reason of any default hereunder on
the part of Tenant. Nothing herein contained shall be construed to limit or prejudice the right of Landlord to prove for and obtain as damages by reason of the termination of this Lease or re-entry of the Demised Premises for the default of Tenant
under this Lease, an amount equal to the maximum allowed by any statute or rule of law in effect at the time, whether or not such amount be greater than, equal to, or less than any of the sums referred to in Section 27.01. 
 27.03. In addition, if this Lease is terminated under the provisions of Article 25, or if Landlord shall re-enter the Demised Premises under the
provisions of Article 26, Tenant covenants that: (a) the Demised Premises then shall be in the same condition as that in which Tenant has agreed to surrender the same to Landlord at the Expiration Date; (b) Tenant shall have performed
prior to any such termination any obligation of Tenant contained in this Lease for the making of any alteration or for restoring or rebuilding the Demised Premises or the Building, or any part thereof; and (c) for the breach of any covenant of
Tenant set forth above in this Section 27.03, Landlord shall be entitled immediately, without notice or other action by Landlord, to recover, and Tenant shall pay, as and for liquidated damages therefor, the cost of performing such covenant (as
estimated by an independent contractor selected by Landlord). 
 27.04. In addition to any other remedies Landlord may have under this Lease,
and without reducing or adversely affecting any of Landlord’s rights and remedies under this Article 27, if any Rent or damages payable hereunder by Tenant to Landlord are not paid upon demand therefor, the same shall bear interest at the Late
Payment Rate or the maximum rate permitted by law, whichever is less, from the due date thereof until paid, and the amounts of such interest shall be Additional Charges hereunder. 
 27.05. In the event of Tenant’s default under this Lease and Landlord’s re-entry and recovery or possession of the Demised Premises, Landlord
shall use commercially reasonable efforts to mitigate Landlord’s damages by reletting of the Demised Premises. The net proceeds of any such reletting received by Landlord shall be credited against Tenant’s then-outstanding obligations
under this Lease. As used herein, “net proceeds” shall mean the full amount of rent and other similar charges paid to Landlord by all succeeding tenants of all or any portion of the Demised Premises less Landlord’s actual expenses of
reletting the Demised Premises (including, but not limited to expenses or work done to the Demised Premises in connection with such reletting, broker’s fees and attorneys’ fees). Nothing 

 contained herein shall require Landlord to relet the Demised Premises prior to or with any preference over the leasing of
any other similar premises of Landlord or any affiliate of Landlord, nor shall any rental of such other premises reduce the damages which Landlord would be entitled to recover from Tenant. 
 ARTICLE 28 - AFFIRMATIVE WAIVERS 
 28.01. Tenant, on behalf of itself and any and all
persons claiming through or under Tenant, does hereby waive and surrender all right and privilege which it, they or any of them might have under or by reason of any present or future law, to redeem the Demised Premises or to have a continuance of
this Lease after being dispossessed or ejected from the Demised Premises by process of law or under the terms of this Lease or after the termination of this Lease as provided in this Lease. 
 28.02. Landlord and Tenant hereby waive trial by jury in any action, proceeding or counterclaim brought by either against the other on any matter
whatsoever arising out of or in any way connected with this Lease, the relationship of Landlord and Tenant, and Tenant’s use or occupancy of the Demised Premises including, without limitation, any claim of injury or damage, and any emergency
and other statutory remedy with respect thereto. Tenant shall not interpose any counterclaim of any kind in any action or proceeding commenced by Landlord to recover possession of the Demised Premises. 
 ARTICLE 29 - NO WAIVERS 
 29.01. The failure
of either party to insist in any one or more instances upon the strict performance of any one or more of the obligations of this Lease, or to exercise any election herein contained, shall not be construed as a waiver or relinquishment for the future
of the performance of such one or more obligations of this Lease or of the right to exercise such election, but the same shall continue and remain in full force and effect with respect to any subsequent breach, act or omission. The receipt by
Landlord of Fixed Rent or Additional Charges with knowledge of breach by Tenant of any obligation of this Lease shall not be deemed a waiver of such breach. 
 ARTICLE 30 - CURING TENANT’S DEFAULTS 
 30.01. If Tenant shall default in the performance of any of
Tenant’s obligations under this Lease, Landlord, without thereby waiving such default, may (but shall not be obligated to) perform the same for the account and at the expense of Tenant, without notice in a case of emergency, and in any other
case only if such default continues after the expiration of thirty (30) days from the date Landlord gives Tenant notice of the default. Charges for any expenses incurred by Landlord in connection with any such performance by it for the account
of Tenant, and charges for all costs, expenses and disbursements of every kind and nature whatsoever, including reasonable attorneys’ fees and expenses, involved in collecting or endeavoring to collect the Rent or any part thereof or enforcing
or endeavoring to enforce any rights against Tenant or Tenant’s obligations hereunder, under or in connection with this Lease or pursuant to law, including any such cost, expense and disbursement involved in instituting and 

 prosecuting summary proceedings or in recovering possession of the Demised Premises after default by Tenant or upon the
expiration of the Term or sooner termination of this Lease, and interest on all sums advanced by Landlord under this Article at the Late Payment Rate or the maximum rate permitted by law, whichever is less, shall be payable by Tenant and may be
invoiced by Landlord to Tenant monthly, or immediately, or at any time, at Landlord’s option, and such amounts shall be due and payable upon demand. 
 ARTICLE 31 - BROKER 
 31.01. Each party represents to the other that no broker except the Broker was
instrumental in bringing about or consummating this Lease and that neither party had any conversations or negotiations with any broker except the Broker concerning the leasing of the Demised Premises. Each party agrees to indemnify and hold harmless
the other against and from any claims for any brokerage commissions and all costs, expenses and liabilities in connection therewith, including, without limitation, attorneys’ fees and expenses, arising out of any conversations or negotiations
had by such party with any broker other than the Broker. Landlord shall pay any brokerage commissions due the Broker pursuant to a separate agreement between Landlord and the Broker. 
 ARTICLE 32 - NOTICES 
 32.01. Any notice, statement, demand, consent, approval or other
communication required or permitted to be given, rendered or made by either party to the other, pursuant to this Lease or pursuant to any applicable Legal Requirement, shall be in writing and shall be deemed to have been properly given, rendered or
made only if (i) hand delivered, or (ii) sent by (a) reputable overnight carrier or (b) by United States registered or certified mail, return receipt requested, addressed to the other party at the address hereinabove set forth
(except that after the Commencement Date, Tenant’s address shall be the Building with a copy to Equinix, Inc., 301 Velocity Way, 5th Floor, Foster City, California 94404, attention: Real Estate Counsel)) as to Landlord, to the attention of General Counsel with a concurrent notice to the attention of Vice President-Administration, and shall be deemed to
have been given, rendered or made on receipt or rejection. Either party may, by notice as aforesaid, designate a different address or addresses for notices, statements, demands, consents, approvals or other communications intended for it. In
addition, upon and to the extent requested by Landlord, copies of notices shall be sent to the Superior Mortgagee. 
 ARTICLE 33 - ESTOPPEL
CERTIFICATES 
 33.01. Landlord or Tenant shall, at any time and from time to time, as requested by the other party, upon not less than
twenty (20) days’ prior notice, execute and deliver to the requesting party or any Superior Mortgagee a statement certifying that this Lease is unmodified and in full force and effect (or if there have been modifications, that the same is
in full force and effect as modified and stating the modifications), certifying, as applicable, the dates to which the Fixed Rent and Additional Charges have been paid, stating whether or not, to the best knowledge of the party giving the statement,
the requesting party is in default in performance of any of its obligations under this Lease, and, if so, 

 specifying each such default of which the party giving the statement shall have knowledge, and stating whether or not, to
the best knowledge of the party giving the statement, any event has occurred which with the giving of notice or passage of time, or both, would constitute such a default of the requesting party, and, if so, specifying each such event; any such
statement delivered pursuant hereto shall be deemed a representation and warranty to be relied upon by the party requesting the certificate and by others with whom such party may be dealing, regardless of independent investigation. Either party
shall also include in any such statement such other information concerning this Lease as the requesting party may reasonably request. 
 ARTICLE 34 - ARBITRATION 
 34.01. Either party may request arbitration of any matter in dispute. The party requesting arbitration
shall do so by giving notice to that effect to the other party, specifying in said notice the nature of the dispute, and said dispute shall be determined in Newark, New Jersey, by a single arbitrator, in accordance with the rules then obtaining of
the American Arbitration Association (or any comparable organization designated by Landlord). The award in such arbitration may be enforced on the application of either party by the order or judgment of a court of competent jurisdiction. The fees
and expenses of any arbitration shall be borne by the parties equally, but each party shall bear the expense of its own attorneys and experts and the additional expenses of presenting its own proof. If Tenant gives notice requesting arbitration as
provided in this Article, Tenant shall simultaneously serve a duplicate of the notice on each Superior Mortgagee whose name and address shall previously have been furnished to Tenant, and such Superior Mortgagee(s) shall have the right to
participate in such arbitration. 
 ARTICLE 35 - MEMORANDUM OF LEASE 
 35.01. Neither party shall record this Lease. However, at the request of either party, the other party shall promptly execute, acknowledge and deliver to
the requesting party a memorandum of lease in respect of this Lease sufficient for recording. Such memorandum shall not be deemed to change or otherwise affect any of the obligations or provisions of this Lease. Whichever party records such
memorandum of Lease shall pay all recording costs and expenses, including any taxes that are due upon such recording. 
 ARTICLE 36 -
MISCELLANEOUS 
 36.01. Tenant expressly acknowledges and agrees that Landlord has not made and is not making, and Tenant, in executing and
delivering this Lease, is not relying upon, any warranties, representations, promises or statements, except to the extent that the same are expressly set forth in this Lease or in any other written agreement(s) which may be made between the parties
concurrently with the execution and delivery of this Lease. All understandings and agreements heretofore had between the parties are merged in this Lease and any other written agreement(s) made concurrently herewith, which alone fully and completely
express the agreement of the parties and which are entered into after 

 full investigation. Neither party has relied upon any statement or representation not embodied in this Lease or in any
other written agreement(s) made concurrently herewith. The submission of this Lease to Tenant does not constitute by Landlord a reservation of, or an option to Tenant for, the Demised Premises, or an offer to lease on the terms set forth herein and
this Lease shall become effective as a lease agreement only upon execution and delivery thereof by Landlord and Tenant. 
 36.02. No
agreement shall be effective to change, modify, waive, release, discharge, terminate or effect an abandonment of this Lease, in whole or in part, unless such agreement is in writing, refers expressly to this Lease and is signed by the party against
whom enforcement of the change, modification, waiver, release, discharge, termination or effectuation of abandonment is sought. 
 36.03. If
Tenant shall at any time request Landlord to sublet or let the Demised Premises for Tenant’s account, Landlord or its agent is authorized to receive keys for such purposes without releasing Tenant from any of its obligations under this Lease,
and Tenant hereby releases Landlord of any liability for loss or damage to any of the Tenant’s Property in connection with such subletting or letting. 
 36.04. Except as otherwise expressly provided in this Lease, the obligations under this Lease shall bind and benefit the successors and assigns of the parties hereto with the same effect as if mentioned in each
instance where a party is named or referred to; provided, however, that (a) no violation of the provisions of Article 11 shall operate to vest any rights in any successor or assignee of Tenant and (b) the provisions of this
Section 36.04 shall not be construed as modifying the conditions of limitation contained in Article 25. 
 36.05. Except for
Tenant’s obligations to pay Rent, the time for Landlord or Tenant, as the case may be, to perform any of its respective obligations hereunder shall be extended if and to the extent that the performance thereof shall be prevented due to any
Unavoidable Delay. Except as expressly provided to the contrary, the obligations of Tenant hereunder shall not be affected, impaired or excused, nor shall Landlord have any liability whatsoever to Tenant, because Landlord is unable to fulfill, or is
delayed in fulfilling, any of its obligations under this Lease due to any of the matters set forth in the first sentence of this Section 36.05, or because of any failure or defect in the supply, quality or character of electricity, water or any
other utility or service furnished to the Demised Premises. 
 36.06. Any liability for payments hereunder (including, without limitation,
Additional Charges) shall survive the expiration of the Term or earlier termination of this Lease. 
 36.07. If Tenant shall request
Landlord’s consent and Landlord shall fail or refuse to give such consent, Tenant shall not be entitled to any damages for any withholding by Landlord of its consent; Tenant’s sole remedy shall be an action for specific performance or
injunction, and such remedy shall be available only in those cases where Landlord has expressly agreed in writing not to unreasonably withhold or delay its consent or where as a matter of law Landlord may not unreasonably withhold its consent.

 36.08. If an excavation shall be made upon land adjacent to or under the Building, or shall be authorized to be made, Tenant shall afford
to the Person causing or authorized to cause such 

 excavation, license to enter the Demised Premises for the purpose of performing such work as said Person shall reasonably
deem necessary or desirable to preserve and protect the Building from injury or damage and to support the same by proper foundations, without any claim for damages or liability against Landlord and without reducing or otherwise affecting
Tenant’s obligations under this Lease. 
 36.09. Tenant shall not exercise its rights under Article 15 or any other provision of this
Lease in a manner which would violate Landlord’s union contracts or create any work stoppage, picketing labor disruption or dispute or any interference with the business of Landlord. 
 36.10. Tenant shall give prompt notice to Landlord of (a) any occurrence in or about the Demised Premises for which Landlord might be liable,
(b) any fire or other casualty in the Demised Premises, (c) any damage to or defect in the Demised Premises, including the fixtures and equipment thereof, for the repair of which Landlord might be responsible, and (d) any damage to or
defect in any part of the Building’s sanitary, electrical, heating, ventilating, air-conditioning, elevator or other systems located in passing through the Demised Premises or any part thereof. 
 36.11. This Lease shall be governed by and construed in accordance with the laws of the State of New Jersey. Tenant hereby irrevocably agrees that any
legal action or proceeding arising out of or relating to this Lease may be brought in the Courts of the State of New Jersey, or the Federal District Court for the District of New Jersey, as Landlord may elect. By execution and delivery of this
Lease, Tenant hereby irrevocably accepts and submits generally and unconditionally for itself and with respect to its properties, to the jurisdiction of any such court in any such action or proceeding, and hereby waives in the case of any such
action or proceeding brought in the courts of the State of New Jersey, or Federal District Court for the District of New Jersey, any defenses based on jurisdiction, venue or forum non conveniens. If any provision of this Lease shall, be invalid or
unenforceable, the remainder of this Lease shall not be affected and shall be enforced to the extent permitted by law. The table of contents, captions, headings and titles in this Lease are solely for convenience of reference and shall not affect
its interpretation. This Lease shall be construed without regard to any presumption or other rule requiring construction against the party causing this Lease to be drafted. If any words or phrases in this Lease shall have been stricken out or
otherwise eliminated, whether or not any other words or phrases have been added, this Lease shall be construed as if the words or phrases so stricken out or otherwise eliminated were never included in this Lease and no implication or inference shall
be drawn from the fact that said words or phrases were so stricken out or otherwise eliminated. Each covenant, agreement, obligation or other provision of this Lease on Tenant’s part to be performed, shall be deemed and construed as a separate
and independent covenant of Tenant, not dependent on any other provision of this Lease. All terms and words used in this Lease, regardless of the number or gender in which they are used, shall be deemed to include any other number and any other
gender as the context may require. Tenant specifically agrees to pay all of Landlord’s costs, charges and expenses, including attorneys’ fees, incurred in connection with any document review requested by Tenant and upon submission of bills
therefor. In the event Landlord permits Tenant to examine Landlord’s books and records with respect to any Additional Charge imposed under this Lease, such examination shall be conducted at Tenant’s sole cost and expense and shall be
conditioned upon Tenant retaining an independent accounting firm for such purposes which shall not be compensated on any type of contingent fee basis with respect to such examination. Wherever in this Lease or by law Landlord is authorized to charge
or recover costs and expenses for legal services or attorneys’ fees, same shall include, without limitation, the costs and 

 expenses for in-house or staff legal counsel or outside counsel at rates not to exceed the reasonable and customary
charges for any such services as would be imposed in an arms length third party agreement for such services. 
 36.12. Upon request of
Landlord, Tenant shall furnish to Landlord a copy of its then current audited financial statement which shall be employed by Landlord for purposes of financing the Demised Premises and not distributed otherwise without prior authorization of Tenant.

 36.13. (i) Tenant represents that the North American Industrial Classification System (NAICS) number applicable to Tenant’s
operations is 517100, and that as a result of same, the Demised Premises do not constitute an “industrial establishment” under the New Jersey Industrial Site Recovery Act, N.J.S.A. 13:1K-6 et seq. (“ISRA”). 
 (ii) In the event that (i) Tenant changes the use of the Demised Premises in a manner permitted under this Lease that causes the NAICS
classification number to change, or (ii) Tenant causes the Demised Premises to become an “industrial establishment,” or (iii) there is a change in the Legal Requirements which mandates action on Tenant’s behalf, then upon a
termination of this Lease, Tenant shall satisfy its obligations under ISRA prior to its lease termination date by causing to be obtained or performed one or more of the following: (1) securing an approval of the Tenant’s Negative
Declaration; (2) securing an approval of the Tenant’s Remedial Action Workplan, and completing the implementation of such Plan, and obtaining from NJDEP a “No Further Action” letter; or obtaining a Remediation Agreement with
NJDEP and completing all requirements thereunder; or (4) obtaining a letter of non-applicability from NJDEP. Tenant shall bear sole responsibility for any investigation and cleanup costs, fees, penalties, or damages associated with ISRA
compliance to the extent arising from Tenant’s activities on the Demised Premises or as a result of Tenant’s breach of this Lease. In the event that Tenant is unable to complete the its ISRA compliance obligations by the Expiration Date,
Landlord shall continue to provide Tenant with reasonable access to the Demised Premises, provided that any work undertaken by Tenant shall be performed in such a manner as to minimize interference with Landlord’s or any other tenant’s use
of the Demised Premises. However, Landlord reserves its rights to deem Tenant a holdover tenant in the event that Tenant’s ISRA compliance unreasonably restricts the Landlord’s use of the Demised Premises (it being understood that the
Fixed Rent for the first three (3) months of any such holdover shall be the monthly Fixed Rent in effect during the last month of the Term and the Fixed Rent during any holdover after the first three months shall be at 200% of the monthly Fixed
Rent during the last month of the Term.) 
 (iii) Tenant shall provide Landlord with copies of all correspondence, documents and reports,
including sampling results submitted to or received from any governmental agency or third party in connection with Tenant’s compliance with ISRA. 
 36.14. (a) Certification. Landlord and Tenant each certify to the other that: (i) It is not acting, directly or indirectly, for or on behalf of any person, group, entity, or nation named by any Executive
Order or the United States Treasury Department as a terrorist, “Specially Designated National and Blocked Person,” or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule, or regulation that is
enforced or administered by the Office of Foreign Assets Control; and (ii) It is not engaged in this transaction, directly or indirectly on behalf of, or instigating or facilitating this transaction, directly or indirectly on behalf of, any
such person, group, entity, or nation. 

 (b) Indemnification. Landlord and Tenant each hereby agrees to defend, indemnify, and hold harmless the
other from and against any and all claims, damages, losses, risks, liabilities, and expenses (including attorney’s fees and costs) arising from or related to any breach of the foregoing certification. 
 IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Lease as of the day and year first above written. 
  

			
	777 SINATRA DRIVE CORP.
	            (“Landlord”)
		
	By:	 	 /s/ Irwin A. Horowitz

		 	Irwin A. Horowitz
		 	Executive Vice President
	
	EQUINIX, INC.
	            (“Tenant”)
		
	By:	 	 /s/ Peter F. Van Camp

	Name:	 	Peter F. Van Camp
	Title:	 	Chief Executive Officer

 Copyright © Hartz Mountain Industries, Inc. 2005. All Rights Reserved. No portion of this document may
be reproduced without the express written consent of Hartz Mountain Industries, Inc.Second Amdended and Restated Loan and Security Agreement

 Exhibit 10.136 
 Execution Version 
 ***CONFIDENTIAL TREATMENT REQUESTED. 
 CONFIDENTIAL PORTION HAS BEEN FILED SEPARATELY WITH THE 
 SECURITIES EXCHANGE COMMISSION. 
 SECOND AMENDED AND RESTATED 
 LOAN AND SECURITY AGREEMENT 
 THIS SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (as further amended,
restated, or otherwise modified from time to time, this “Agreement”) dated the Effective Date, between SILICON VALLEY BANK (“SVB”),
GENERAL ELECTRIC CAPITAL CORPORATION (“GECC”) (each of SVB and GECC, a “Lender”, and together
“Lenders”), SVB in its capacity as Administrative Agent for the Lenders (as such, the “Agent”), GECC in its capacity as Documentation Agent for the Lenders (as such, the “Documentation
Agent”), EQUINIX, INC., a Delaware corporation, whose address is 301 Velocity Way, 5th Floor, Foster City, California 94404 (“Equinix”), EQUINIX OPERATING CO., INC., a Delaware corporation (“OpCo”), and the
other Loan Parties that may from time to time hereafter become signatories hereto (each of Equinix, OpCo and such Loan Parties being a “Borrower”, and collectively, “Borrowers”), provides the
terms on which Lenders will lend to Borrower, and Borrower will repay Lenders. This Agreement amends and restates in its entirety that Loan and Security Agreement having an Effective Date of September 16, 2005, between SVB and Borrower (the
“Original Loan Agreement”). 
 1. ACCOUNTING AND OTHER TERMS 
 Accounting terms not defined in this Agreement shall be construed following GAAP. Calculations and determinations must be made following GAAP. The term
“financial statements” includes the notes and schedules. The terms “including” and “includes” always mean “including (or includes) without limitation,” in this or any Loan Document. Capitalized terms in this
Agreement shall have the meanings as set forth in Section 13. All other terms contained in this Agreement, unless otherwise indicated, shall have the meanings provided by the Code, to the extent such terms are defined therein.

 2. LOAN AND TERMS OF PAYMENT 
 2.1
Promise to Pay. 
 Borrowers hereby unconditionally, jointly and severally, promise to pay Lenders the unpaid principal amount of all
Credit Extensions hereunder with all interest, fees, and finance charges due thereon as and when due in accordance with this Agreement. 
  

 1 

 2.1.1 Revolving Advances. 
 (a) Subject to the terms and conditions hereof, each Lender severally agrees to make Advances, in accordance with its Commitment Percentage, to
Borrowers from time to time until the Revolving Maturity Date not exceeding in the aggregate outstanding at any time, the Committed Revolving Line minus the Sublimit Utilization Amount. Until the Revolving Maturity Date and subject to the
terms hereof and the applicable terms and conditions precedent in Sections 3.1 and 3.2, Borrowers may borrow, repay, and reborrow under this Section 2.1.1. The proceeds of the Advances shall be used solely for working
capital and general corporate purposes. 
 (b) Interest on each Advance shall be paid pursuant to the terms of
Section 2.4(b). The outstanding principal amount of and all accrued but unpaid interest on the Advances shall be due and payable on the Revolving Maturity Date. 
 (c) To obtain an Advance, Borrowers must follow the procedures set forth in Section 3.3. 
 2.1.2 Letters of Credit Sublimit. 
 SVB, as issuing bank, will issue letters of credit (“Letters of Credit”) for a Borrower’s account not exceeding the Committed Revolving Line minus the sum of the outstanding principal balance of the
Advances. Each Letter of Credit will have an expiry date of no later than 180 days after the Revolving Maturity Date. Borrowers’ reimbursement obligation with respect to any Letter of Credit with an expiry date later than the Revolving Maturity
Date will be secured by cash on terms reasonably acceptable to SVB on or before the Revolving Maturity Date if the term of this Agreement is not extended. Each Borrower agrees to execute any further documentation in connection with the Letters of
Credit as SVB may reasonably request. Borrowers shall pay to Agent for the account of each Lender in accordance with its Applicable Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit
equal to 0.75% per annum times the daily amount available to be drawn under such Letter of Credit, due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date
to occur after the issuance of such Letter of Credit, on the Letter of Credit expiration date and thereafter on demand. Not later than 12:00 noon (Pacific time) on the date of any payment by SVB under a Letter of Credit (the “Honor
Date”), Borrowers shall reimburse SVB through Agent in an amount equal to the amount of the drawing. If Borrowers fail to so reimburse SVB by such time, Agent shall promptly notify each Lender of the Honor Date, the amount of the
unreimbursed drawing and the amount of such Lender’s Commitment Percentage thereof. In such event, Borrowers shall be deemed to have requested a Prime Rate Advance to be disbursed to SVB on the Honor Date in an amount equal to the unreimbursed
drawing and such Advance shall be deemed made on such date. 
  

 2 

 2.1.3 Intentionally Omitted. 
 2.1.4 Intentionally Omitted. 
 2.2
Suspension and Termination of Commitment to Lend; Termination of this Agreement. 
 Lenders shall have no obligation to make Credit
Extensions (a) upon the occurrence and during the continuance of an Event of Default or if there exists any event, condition, or act which with notice or lapse of time, or both, would constitute an Event of Default or (b) upon the
occurrence of any Change in Control of any Borrower. Lenders’ obligation to make Credit Extensions shall terminate on the Revolving Maturity Date. Borrowers may, upon five (5) Business Days’ prior written notice to Agent and Lenders,
irrevocably terminate this Agreement provided that all Obligations have been paid in full and no Letters of Credit remain outstanding (other than Letters of Credit that have been secured by cash on terms acceptable to SVB) as of the effective date
of such termination. 
 2.3 Overadvances. 
 If, at any time Borrowers’ aggregate obligations under Sections 2.1.1 and 2.1.2 exceed the Committed Revolving Line, Borrowers must, after written notice from Agent, immediately pay Agent the
excess. 
 2.4 Interest Rates. 
 (a) Borrowers shall pay interest on the Advances at the following rates: (i) the Prime Rate, or (ii) at the election of Borrowers, Adjusted LIBOR, in each case plus the Applicable Margin per annum. Any increase or
decrease in the Applicable Margins resulting from a change in the Senior Leverage Ratio, as evidenced by the most recently-delivered Compliance Certificate, shall be effective as of the day such Compliance Certificate is delivered; provided,
however, that if Borrowers fail to deliver a Compliance Certificate when due in accordance with Section 6.2(b), then the Applicable Margins shall be 2.85% for LIBOR Advances and 1.25% for Prime Rate Advances effective
retroactively to the first day of the fiscal quarter in which such Compliance Certificate is required to be delivered and until such time that Borrowers shall deliver a Compliance Certificate evidencing that the Senior Leverage Ratio at the end of
the immediately preceding fiscal quarter was less than or equal to 2.5x (in which case the Applicable Margins shall automatically adjust to the percentages corresponding to such Senior Leverage Ratio). The Applicable Margins in effect from the
Effective Date until Borrowers deliver the next Compliance Certificate required by the Original Loan Agreement or this Agreement thereafter shall be 2.50% for LIBOR Advances and 0.50% for Prime Rate Advances, whereupon any increase or decrease in
the Applicable Margins shall be computed in accordance with the immediately preceding sentence. In the event the Senior Leverage Ratio reported in any Compliance Certificate is later determined to have been inaccurate, the Applicable Margin shall be
adjusted retroactively to the date of delivery of such inaccurate Compliance Certificate to the percentage corresponding to the correct Senior Leverage Ratio for that date, and such adjusted Applicable Margin shall be applicable for the same period
as that determined based on the original inaccurate Senior Leverage Ratio. 
  

 3 

 The Applicable Margins are as follows: 
  

							
	 If Borrower’s Senior Leverage
 Ratio is:
	  	LIBOR
Applicable
Margin	 	 	Prime Rate Applicable
Margin	 
	 less than or equal to 1.0x
	  	1.75	%	 	0.00	%
	 more than 1.0x but less than or equal to 2.0x
	  	2.50	%	 	0.50	%
	 more than 2.0x but less than or equal to 2.5x
	  	2.75	%	 	1.00	%
	 greater than 2.5x
	  	2.85	%	 	1.25	%

 (b) Pursuant to the terms of Section 3.7, interest on each Advance shall be
paid in arrears on each Interest Payment Date. Interest shall also be paid on the date of any prepayment of any Advance pursuant to this Agreement for the portion of any Advance so prepaid and upon payment (including prepayment) in full thereof.

 (c) After an Event of Default occurs and so long as such Event of Default continues, including after an acceleration of the
Obligations pursuant to Section 9.1(a) (whether before or after entry of judgment to the extent permitted by law), Obligations shall accrue interest at two percent (2.00%) above the rate effective immediately before the Event of
Default; provided, however, that on and after the expiration of any Interest Period applicable to any LIBOR Advance outstanding on the date of occurrence of such Event of Default or acceleration, the Effective Amount of such LIBOR Advance
shall, during the continuance of such Event of Default or after acceleration, bear interest at a rate per annum equal to the Prime Rate plus two percent (2.00%). Payment or acceptance of the increased interest provided in this
Section 2.4(c) is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Agent and Lenders. 
 2.5 Intentionally Omitted. 
 2.6
General Provisions. 
 Lenders may debit any of Borrowers’ deposit accounts maintained with Lenders for principal and interest
payments due and owing or any amounts Borrowers owe Lenders pursuant to the Loan Documents which are then due and owing, including the Designated Deposit Account. These debits are not a set-off. Payments received after 12:00 noon (Pacific time) are
considered received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment is due the next Business Day and additional fees or interest accrue. 
  

 4 

 2.7 Fees. 
 Borrowers shall pay: 
 (a) to Agent, for the benefit of Agent and Lenders, all reasonable documented Bank
Expenses incurred through and after the Effective Date, when due; and 
 (b) to Agent, for payment to Lenders on a pro rata basis in
accordance with their Advances, as additional compensation for the Revolving Loan Commitment, in arrears, on the first Business Day of each quarter prior to the Revolving Maturity Date and on the Revolving Maturity Date, a per annum facility fee in
an amount equal to the applicable Facility Fee Percentage multiplied by the Revolving Loan Commitment; 
 (c) to Agent, for payment
to Lenders, the Letter of Credit Fees as set forth in Section 2.1.2 hereof; 
 (d) to GECC, for its own account, an arrangement
fee in the amount of $75,000; and 
 (e) to SVB, for its own account, such additional fees as set forth in the letter agreement dated as of
September 16, 2005 between Borrower and SVB setting forth certain fees payable in connection with this Agreement (the “Fee Letter” ). 
 2.8 Mandatory Prepayment Event. 
 Concurrently with the occurrence of any Change in Control of
Borrower, Borrowers shall prepay in full, without penalty or premium, all outstanding Obligations and shall post cash collateral, upon terms reasonably acceptable to SVB, in the face amount of any undrawn Letters of Credit. 
 3. CONDITIONS OF CREDIT EXTENSIONS 
 3.1 Conditions
Precedent to Initial Credit Extension. 
 Each Lender’s obligation to make the initial Credit Extension is subject to the condition
precedent that the following have been satisfied, all in form and substance reasonably satisfactory to Agent and Lenders: 
 (a) the
parties shall have executed and delivered the Loan Documents; 
 (b) To the extent not previously delivered to SVB in connection with
the Original Loan Agreement, Borrowers shall have delivered executed one or more Control Agreement(s), in form and substance satisfactory to Agent, by and among Borrower, Agent, and such banks or financial institutions as is necessary for Agent to
perfect its security interest in the Domestic Collateral Accounts; 
 (c) each Borrower shall have delivered its Operating Documents
and a good standing certificate from the Secretary of State of its jurisdiction of formation; 
  

 5 

 (d) each Borrower shall have delivered a copy of the resolutions of its Board of Directors
certified to be a true and correct copy by its secretary or other authorized officer, together with incumbency information and specimen signatures; 
 (e) the Leasehold Deeds of Trust for which landlord consents are either not required to permit Borrower to encumber the underlying leasehold interest or for which such landlord consents have been obtained on
the Effective Date, shall have been duly executed and delivered by Borrower; 
 (f) Agent shall have received the certificates of
insurance described in Section 6.5 hereof; 
 (g) Agent and Lenders shall have received an opinion of counsel to
Borrowers in form and substance satisfactory to counsel to Agent and Lenders; 
 (h) Borrowers shall have paid all documented and
invoiced costs and fees, including Bank Expenses, then due; and 
 (i) Borrowers shall have delivered to Agent, in addition to the
documents required in Sections 3.2 and 3.3, all documents, certificates, and other assurances that Agent or its counsel may reasonably request. 
 3.2 Conditions Precedent to all Credit Extensions. 
 Each Lender’s obligation to make each Credit
Extension, including the initial Credit Extension, is subject to the following: 
 (a) timely receipt of a Notice of Borrowing in the
form attached as Exhibit A; and 
 (b) the representations and warranties in Section 5 shall be true,
accurate and complete on the date of the Notice of Borrowing and on the Funding Date, and no Event of Default shall have occurred and be continuing, or result from, an Advance and/or Credit Extension; provided, however, that those
representations and warranties expressly referring to a date other than the Funding Date are true, accurate and complete as of such date; and provided, further, that the representations and warranties set forth in Section 5 shall
be deemed to be made with respect to the financial statements most recently delivered to Agent pursuant to Section 6.2. Borrowers’ receipt of an Advance is each Borrower’s representation and warranty on that date that the
representations and warranties in Section 5 remain true, accurate and complete, subject to the provisos set forth in the preceding sentence. 
 3.3 Procedure for the Borrowing of Advances. 
 (a) Subject to the prior satisfaction of all
other applicable conditions to the making of an Advance set forth in this Agreement, including Section 3.1 and Section 3.2 for Advances made on the Effective Date and Section 3.2 for all Advances, each Advance
shall be made upon Borrowers’ irrevocable written notice delivered to Agent in the form of a Notice of Borrowing, each executed by a Responsible Officer of Borrowers or his or her designee or 
  

 6 

 without instructions if the Advances are necessary to meet Obligations which have become due. Agent may rely on any
telephone notice given by a person whom Agent believes is a Responsible Officer or designee. Borrowers will, jointly and severally, indemnify Agent and Lenders for any loss Agent or any Lender suffers due to such reliance (other than losses
resulting from Agent’s gross negligence or willful misconduct). Such Notice of Borrowing must be received by Agent prior to 12:00 noon (Pacific time), (i) at least three (3) Business Days prior to the requested Funding Date, in
the case of LIBOR Advances, and (ii) at least one (1) Business Day prior to the requested Funding Date, in the case of Prime Rate Advances, specifying: 
 (i) the amount of the Advance, which, if a LIBOR Advance is requested, shall be in an aggregate minimum principal amount of $1,000,000 or in any integral multiple of $100,000 in excess thereof; 
 (ii) the requested Funding Date, which shall be a Business Day; 
 (iii) whether the Advance is to be comprised of LIBOR Advances or Prime Rate Advances; and 
 (iv) the duration of the Interest Period applicable to any such LIBOR Advances included in such notice; provided that if the Notice of Borrowing shall fail to specify the duration of the Interest Period for any Advance
comprised of LIBOR Advances, such Interest Period shall be one (1) month. 
 (b) The proceeds of all such Advances will then be
made available to Borrowers on the Funding Date by Agent by transfer to the Designated Deposit Account. 
 3.4 Conversion and Continuation
Elections. 
 (a) So long as (1) no Event of Default or event which with notice, passage of time, or both would constitute an
Event of Default exists; (2) no party hereto shall have sent any notice of termination of this Agreement; and (3) Borrowers shall have complied with such customary procedures as Agent has established from time to time for Borrowers’
requests for LIBOR Advances, Borrowers may, upon irrevocable written notice to Agent: 
 (i) elect to convert on any Business Day,
Prime Rate Advances in an amount equal to $1,000,000 or any integral multiple of $100,000 in excess thereof into LIBOR Advances; 
 (ii) elect to continue on any Interest Payment Date any LIBOR Advances maturing on such Interest Payment Date (or any part thereof in an amount equal to $1,000,000 or any integral multiple of $100,000 in excess thereof);
provided, that if the aggregate amount of LIBOR Advances shall have been reduced, by payment, prepayment, or conversion of part thereof, to be less than $1,000,000, such LIBOR Advances shall automatically convert into Prime Rate Advances; or

 (iii) elect to convert on any Interest Payment Date any LIBOR Advances maturing on such Interest Payment Date (or any part thereof
in an amount equal to $1,000,000 or any integral multiple of $100,000 in excess thereof) into Prime Rate Advances. 
  

 7 

 (b) Borrowers shall deliver a Notice of Conversion/Continuation substantially in the form
attached hereto as Exhibit B to be received by Agent prior to 11:00 a.m. (Pacific time) at least (i) three (3) Business Days in advance of the Conversion Date or Continuation Date, if any Advances are to be converted into or
continued as LIBOR Advances; and (ii) one (1) Business Day in advance of the Conversion Date, if any Advances are to be converted into Prime Rate Advances, in each case specifying: 
 (i) the proposed Conversion Date or Continuation Date; 
 (ii) the aggregate amount of the Advances to be converted or continued which, if any Advances are to be converted into or continued as LIBOR Advances, shall be in an aggregate minimum principal amount of
$1,000,000 or in any integral multiple of $100,000 in excess thereof; 
 (iii) whether a conversion or a continuation is proposed;
and 
 (iv) the duration of the requested Interest Period. 
 (c) If upon the expiration of any Interest Period applicable to any LIBOR Advances, Borrowers shall have timely failed to select a new Interest
Period to be applicable to such LIBOR Advances, Borrowers shall be deemed to have elected to convert such LIBOR Advances into Prime Rate Advances. 
 (d) Any LIBOR Advances shall, at Agent’s option, convert into Prime Rate Advances in the event that (i) an Event of Default, or event which with notice, the passage of time, or both would constitute an Event of Default,
shall exist, (ii) this Agreement shall terminate, or (iii) the aggregate principal amount of the Prime Rate Advances which have been previously converted to LIBOR Advances, or the aggregate principal amount of existing LIBOR Advances
continued, as the case may be, at the beginning of an Interest Period shall at any time during such Interest Period exceed the Committed Revolving Line. Borrowers agree to pay Agent, upon demand by Agent (or Agent may, at its option, charge the
Designated Deposit Account or any other account Borrowers maintain with any Lender) any amounts required to compensate Lenders for any loss (including loss of anticipated profits), cost, or expense incurred by Lenders, as a result of the conversion
of LIBOR Advances to Prime Rate Advances pursuant to any of the foregoing. Concurrently with any demand for compensation under this Section 3.4(d), each affected Lender will furnish Borrower with a statement setting forth the basis and
amount of such request by such Lender for such compensation. Determinations by Lenders for purposes of this Section 3.4(d) of the amounts required to compensate Lenders in respect of any loss, costs or expense incurred by Lenders as a
result of the conversion of LIBOR Advances to Prime Rate Advances pursuant to the circumstances set forth in Sections 3.4(d)(i)-(iii) shall be conclusive absent manifest error. 
 (e) Notwithstanding anything to the contrary contained herein, no Lender shall be required to purchase United States Dollar deposits in the
London interbank market or other applicable LIBOR market to fund any LIBOR Advances, but the provisions hereof shall be deemed to apply as if such Lender had purchased such deposits to fund the LIBOR Advances. 
  

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 3.5 Special Provisions Governing LIBOR Advances. 
 Notwithstanding any other provision of this Agreement to the contrary, the following provisions shall govern with respect to LIBOR Advances as to the
matters covered: 
 (a) Determination of Applicable Interest Rate. As soon as practicable on each Interest Rate Determination
Date, Agent shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being
determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrowers. 
 (b) Inability to Determine Applicable Interest Rate. In the event that Agent shall have determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest
Rate Determination Date with respect to any LIBOR Advance, that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to such Advance on the basis provided
for in the definition of LIBOR, Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Borrowers of such determination, whereupon (i) no Advances may be made as, or converted to, LIBOR Advances until
such time as Agent notifies Borrowers that the circumstances giving rise to such notice no longer exist, and (ii) any Notice of Borrowing or Notice of Conversion/Continuation given by Borrowers with respect to Advances in respect of which such
determination was made shall be deemed to be rescinded by Borrowers and, with respect to a Notice of Conversion/Continuation, be deemed a request to convert or continue Advances referred to therein as Prime Rate Advances. 
 (c) Compensation for Breakage or Non-Commencement of Interest Periods. Borrowers shall compensate Lenders, upon written request by Lenders
(which request shall set forth the manner and method of computing such compensation), for all reasonable losses, expenses and liabilities, if any (including any interest paid by Lenders to lenders of funds borrowed by it to make or carry its LIBOR
Advances and any loss, expense or liability incurred by Lenders in connection with the liquidation or re-employment of such funds) such that Lenders may incur: (i) if for any reason (other than a default by Lenders or due to any failure of
Lenders to fund LIBOR Advances due to illegality under Section 3.6(e) or impracticability under Section 3.6(d)) a borrowing or a conversion to or continuation of any LIBOR Advance does not occur on a date specified in a
Notice of Borrowing or a Notice of Conversion/Continuation, as the case may be, or (ii) if any principal payment or any conversion of any of its LIBOR Advances occurs on a date prior to the last day of an Interest Period applicable to that
Advance. 
 Concurrently with any demand for compensation under this Section 3.5(c), the affected Lender will furnish Borrower
with a statement setting forth the basis and amount of such request by such Lender for such compensation. Determinations by Lenders for purposes of this Section 3.5(c) of the amounts required to compensate Lenders in respect of any loss,
expense or liability incurred by Lenders as a result of the circumstances set forth in Sections 3.5(c)(i)-(ii) shall be conclusive absent manifest error. 
  

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 (d) Assumptions Concerning Funding of LIBOR Advances. Calculation of all amounts payable
to Lenders under this Section 3.5 and under Section 3.3 shall be made as though Lenders had actually funded each of its relevant LIBOR Advances through the purchase of a Eurodollar deposit bearing interest at the rate
obtained pursuant to the definition of LIBOR Rate in an amount equal to the amount of such LIBOR Advance and having a maturity comparable to the relevant Interest Period; provided, however, that a Lender may fund each of its LIBOR Advances in
any manner it sees fit and the foregoing assumptions shall be utilized only for the purposes of calculating amounts payable under this Section 3.5 and under Section 3.3. 
 (e) LIBOR Advances After Event of Default. After the occurrence of and during the continuation of an Event of Default, (i) Borrowers
may not elect to have an Advance be made or continued as, or converted to, a LIBOR Advance after the expiration of any Interest Period then in effect for such Advance, and (ii) subject to the provisions of Section 3.5(c), any Notice
of Conversion/Continuation given by Borrowers with respect to a requested conversion/continuation that has not yet occurred shall be deemed to be rescinded by Borrowers and be deemed a request to convert or continue Advances referred to therein as
Prime Rate Advances. 
 3.6 Additional Requirements/Provisions Regarding LIBOR Advances. 
 (a) If for any reason (including voluntary or mandatory prepayment or acceleration), Agent receives all or part of the principal amount of a LIBOR
Advance prior to the last day of the Interest Period for such Advance, Borrowers shall immediately notify Agent and, within fifteen (15) days after written demand by Agent, pay Agent for the benefit of Lenders the amount (if any) by which
(i) the additional interest which would have been payable on the amount so received had it not been received until the last day of such Interest Period exceeds (ii) the interest which would have been recoverable by Lenders by placing the
amount so received on deposit in the certificate of deposit markets, the offshore currency markets, or United States Treasury investment products, as the case may be, for a period starting on the date on which it was so received and ending on the
last day of such Interest Period at the interest rate determined by each Lender in its reasonable discretion. Each Lender’s determination as to such amount shall be conclusive absent manifest error. 
 (b) Borrowers shall pay Lenders, within fifteen (15) days after written demand by Agent, from time to time such amounts as each Lender may
determine to be necessary to compensate it for any costs incurred by Lenders that any such Lender determines are attributable to its making or maintaining of any amount receivable by Lenders hereunder in respect of any Advances relating thereto
(such increases in costs and reductions in amounts receivable being herein called “Additional Costs”), in each case resulting from any Regulatory Change which: 
 (i) changes the basis of taxation of any amounts payable to Lenders under this Agreement in respect of any Advances (other than changes which
affect taxes measured by or imposed on the overall net income or capital of Lenders by the jurisdiction in which each Lender has its principal office); 
  

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 (ii) imposes or modifies any reserve, special deposit or similar requirements relating to any
extensions of credit or other assets of, or any deposits with, or other liabilities of Lenders (including any Advances or any deposits referred to in the definition of LIBOR); or 
 (iii) imposes any direct costs on Lenders in respect of any Advances. 
 Lenders will notify Borrower of any event occurring after the Effective Date which will entitle Lenders to compensation pursuant to this
Section 3.6(b) as promptly as practicable after it obtains knowledge thereof and determines to request such compensation. Concurrently with any demand for compensation under this Section 3.6(b), each affected Lender will
furnish Borrowers with a statement setting forth the basis and amount of such request by such Lender for such compensation. Determinations and allocations by a Lender for purposes of this Section 3.6(b) of the effect of any Regulatory
Change on its costs of maintaining its obligations to make Advances, of making or maintaining Advances, or on amounts receivable by it in respect of Advances, and of the additional amounts required to compensate such Lender in respect of any
Additional Costs, shall be conclusive absent manifest error. 
 (c) If any Lender shall determine that the adoption or implementation
of any applicable law, rule, regulation, or treaty regarding capital adequacy, or any change therein, or any change in the interpretation or administration thereof by any governmental authority, central bank, or comparable agency charged with the
interpretation or administration thereof, or compliance by such Lender (or its applicable lending office) with any respect or directive regarding capital adequacy (whether or not having the force of law) of any such authority, central bank, or
comparable agency, has or would have the effect of reducing the rate of return on capital of Lender or any person or entity controlling Lender (a “Parent”) as a consequence of its obligations hereunder to a level below that
which Lender (or its Parent) could have achieved but for such adoption, change, or compliance (taking into consideration policies with respect to capital adequacy) by an amount deemed by Lender to be material, then from time to time, within fifteen
(15) days after written demand by Lender, Borrowers shall pay to such Lender such additional amount or amounts as will compensate such Lender for such reduction. Concurrently with any demand for compensation under this
Section 3.6(c), each affected Lender will furnish Borrowers with a statement setting forth the basis and amount of such request by such Lender for such compensation, which statement shall be conclusive absent manifest error. 

(d) If, at any time, (i) the amount of LIBOR Advances for periods equal to the corresponding Interest Periods is not available to any
Lender in the offshore currency interbank markets, or (ii) LIBOR does not accurately reflect the cost to any Lender of lending the LIBOR Advances, then such Lender shall promptly give notice thereof to Borrower. Upon the giving of such notice,
such Lender’s obligation to make the LIBOR Advances shall terminate. 
 (e) If it shall become unlawful for any Lender to
continue to fund or maintain any LIBOR Advances, or to perform its obligations hereunder, upon demand by a Lender, Borrowers shall prepay the Advances in full with accrued interest thereon and all other amounts payable by Borrowers hereunder
(including, without limitation, any amount payable in 
  

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 connection with such prepayment pursuant to Section 3.6(a)). Notwithstanding the foregoing, to the extent a
determination by a Lender as described above relates to a LIBOR Advance then being requested by Borrowers pursuant to a Notice of Borrowing or a Notice of Conversion/Continuation, Borrowers shall have the option, subject to the provisions of
Section 3.5(c), to (i) rescind such Notice of Borrowing or Notice of Conversion/Continuation by giving notice (by telefacsimile or by telephone confirmed in writing) to Agent of such rescission on the date on which any Lender gives
notice of its determination as described above, or (ii) modify such Notice of Borrowing or Notice of Conversion/Continuation to obtain a Prime Rate Advance or to have outstanding Advances converted into or continued as Prime Rate Advances by
giving notice (by telefacsimile or by telephone confirmed in writing) to Agent of such modification on the date on which such Lender gives notice of its determination as described above. 
 (f) Failure or delay on the part of any Lender to demand compensation pursuant to the provisions of Sections 3.6(b) or 3.6(c) shall
not constitute a waiver of such Lender’s right to demand such compensation, provided that Borrowers shall not be required to compensate such Lender pursuant to the provisions of Sections 3.6(b) or 3.6(c) for any costs
incurred or reductions suffered more than 90 days prior to the date that such Lender or Agent notifies Borrowers of the Regulatory Change giving rise to such increased costs or reductions and of a Lender’s intention to claim compensation
therefor. 
 3.7 Calculation of Interest and Fees. 
 Interest on the Advances and all fees payable hereunder shall be computed on the basis of a 360-day year and the actual number of days elapsed (other than Prime Rate Advances, which shall be computed on the basis of a
365-day year and the actual number of days elapsed) in the period during which such interest accrues. In computing interest on any Advance, the date of the making of such Advance shall be included and the date of payment shall be excluded;
provided, however, that if any Advance is repaid on the same day on which it is made, such day shall be included in computing interest on such Advance. 
 (a) Prime Rate Advances. Each change in the interest rate of the Prime Rate Advances based on changes in the Prime Rate shall be effective on the effective date of such change and to the extent of such
change. Interest on Prime Rate Advances is payable quarterly by debit to the Designated Deposit Account on each Interest Payment Date. 
 (b) LIBOR Advances. The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.5(a) hereunder. Subject to Sections 3.5 and 3.6, such rate shall apply
during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance. 
 3.8 Increase in Committed Revolving Line. 
 (a) Request for Increase. Provided there exists no Default or Event of Default, upon notice to Agent (which shall promptly notify Lenders), Borrowers may on a one-time basis, request an increase in the Committed Revolving Line
by an amount not 
  

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 exceeding $25,000,000. At the time of sending such notice, Borrowers (in consultation with Agent) shall specify the time
period within which each Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to Lenders) if it is willing to increase its Commitment. In the event more than one Lender is
willing to increase its Commitment, such Lenders shall share in the increase in the Committed Revolving Line ratably in accordance with their combined Commitments prior to any increase. In no event shall the Committed Revolving Line be increased by
an amount exceeding $25,000,000 without the consent of all Lenders. 
 (b) Lender Elections to Increase. Each Lender shall
notify Agent within such time period whether or not it agrees to increase its Commitment and, if so, by what amount. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment. 
 (c) Notification by Agent; Additional Lenders. Agent shall notify Borrowers and each Lender of Lenders’ responses to each request made
hereunder. 
 (d) Effective Date and Allocations. If the Committed Revolving Line is increased in accordance with this
Section, Agent and Borrowers shall determine the effective date (the “Revolving Credit Increase Effective Date”) and the final allocation of such increase. Agent shall promptly notify Borrowers and Lenders of
the final allocation of such increase and the Revolving Credit Increase Effective Date. 
 (e) Conditions to Effectiveness of
Increase. As a condition precedent to such increase, Borrowers shall deliver to Agent a certificate of Borrowers and each Guarantor (if any) dated as of the Revolving Credit Increase Effective Date (in sufficient copies for each Lender) signed
by a Responsible Officer of such Person (i) certifying and attaching the resolutions adopted by it approving or consenting to such increase, and (ii) in the case of Borrowers, certifying that, before and after giving effect to such
increase, (A) the representations and warranties contained in Section 5 and the other Loan Documents are true and correct on and as of the Revolving Credit Increase Effective Date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and (B) no Default or Event of Default exists. 
 3.9 Application and Allocation of Payments. 
 All payments and prepayments shall be applied ratably to
the portion thereof held by each Lender as determined by its Pro Rata Share. As to any other payment, and as to all payments made when an Event of Default has occurred and is continuing or following the Revolving Maturity Date, Borrowers hereby
irrevocably waive the right to direct the application of any and all payments received from or on behalf of Borrowers, and Borrowers hereby irrevocably agree that Agent shall have the continuing exclusive right to apply any and all such payments
against the Obligations as Agent may deem advisable. In all circumstances, after acceleration or maturity of the Obligations, all payments and proceeds of Collateral shall be applied to amounts then due and payable in the following order:
(a) to fees and Agent’s expenses reimbursable hereunder; (b) to interest on the Advances; (c) to principal payments on the Advances, and to provide cash collateral for contingent Letters of Credit, ratably to the aggregate,
combined principal balance of the Advances and the aggregate face amount of the outstanding Letters of Credit; and (d) to all other Obligations including expenses of Lenders. 
  

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 4. CREATION OF SECURITY INTEREST 
 4.1 Grant of Security Interest. 
 Each Borrower hereby grants Agent, for the benefit of Lenders, to
secure the payment and performance in full of all of the Obligations and the performance of each of Borrowers’ duties under the Loan Documents, a continuing security interest in the Collateral and all proceeds and products thereof. Borrowers
warrant and represent that the security interest granted herein shall be a perfected first priority security interest in the Filing Collateral (which security interest shall be perfected by the filing of any financing statements required by the
Code) and in the Domestic Collateral Accounts (which security interest shall be perfected by “control” pursuant to Section 9104 or Section 9106 of the Code, as applicable), subject only to Permitted Liens. 
 Borrowers agree that any disposition of the Collateral in violation of this Agreement, by either Borrowers or any other Person, shall be deemed to
violate the rights of Agent and Lenders under the Code. If the Agreement is terminated, Agent’s lien and security interest in the Collateral shall continue until Borrowers fully satisfy their Obligations. If a Borrower shall at any time, file a
commercial tort claim in any court where the amount of damages claimed exceeds $500,000, such Borrower shall promptly notify Agent in a writing signed by such Borrower of the brief details thereof and grant to Agent for the benefit of Lenders in
such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Agent. 
 Once the Obligations have been indefeasibly paid in full (other than inchoate indemnity obligations) or otherwise performed in full and Lenders’
obligations to provide Credit Extensions hereunder have terminated, (i) Agent’s security interest in the Collateral shall automatically terminate, (ii) all rights to the Collateral shall automatically revert to Borrowers and
(iii) Agent shall promptly return any pledged Collateral to Borrowers, or to the Person or Persons legally entitled thereto, and shall promptly endorse, execute, deliver, record and file all financing statements, reconveyances, instruments and
documents, and do all other acts and things, reasonably required for the return of the Collateral to Borrowers, or to the Person or Persons legally entitled thereto, and to evidence or document the release, reconveyance and termination of
Agent’s interests arising under this Agreement, all as reasonably requested by, and at the expense of, Borrowers. Agent’s Lien on any Collateral sold or otherwise transferred by Borrowers in a transaction which is not a Default or Event of
Default under this Agreement shall terminate effective upon such sale or other transfer. Upon such termination or Agent’s release of any Collateral prior to indefeasible payment or performance in full of the Obligations, Agent shall execute and
deliver to Borrowers (or to a party designated by Borrowers) such documents as may be appropriate to confirm such termination or release, including documents necessary to reconvey interests in real property, terminate financing statements or to
evidence the release (or partial release) of Collateral under financing statements filed under the Code. 
  

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 4.2 Authorization to File Financing Statements. 
 Borrowers hereby authorize Agent to file financing statements with all appropriate jurisdictions, to perfect or protect Agent’s interest or rights
hereunder. 
 5. REPRESENTATIONS AND WARRANTIES 
 Each Borrower represents and warrants as follows: 
 5.1 Due Organization and Authorization. 
 Each Borrower and each Subsidiary is duly existing and, in any jurisdiction in which such legal concept is applicable, in good standing in its
jurisdiction of organization and is qualified and licensed to do business in, and, in any jurisdiction in which such legal concept is applicable, is in good standing in, any jurisdiction in which the conduct of its business or its ownership of
property requires that it be qualified, except where the failure to do any of the foregoing could not reasonably be expected to cause a Material Adverse Change. In connection with this Agreement, each Borrower has delivered to Lenders a certificate
signed by such Borrower and entitled “Collateral Information Certificate”. Each Borrower represents and warrants to Agent and Lenders that: (a) such Borrower’s exact legal name is that indicated on the Collateral Information
Certificate and on the signature page hereof; (b) such Borrower is an organization of the type, and is organized in the jurisdiction, set forth in the Collateral Information Certificate; (c) the Collateral Information Certificate
accurately sets forth such Borrower’s organizational identification number or accurately states that such Borrower has none; and (d) the Collateral Information Certificate accurately sets forth such Borrower’s place of business, or,
if more than one, its chief executive office as well as such Borrower’s mailing address if different, and (e) all other information set forth on the Collateral Information Certificate pertaining to such Borrower is accurate and complete.
If any Borrower does not now have an organizational identification number, but later obtains one, such Borrower shall promptly notify Agent of such organizational identification number. 
 The execution, delivery and performance of the Loan Documents have been duly authorized by each Borrower, and do not conflict with any Borrower’s
organizational documents, nor constitute an event of default under any material agreement by which any Borrower is bound. No Borrower is in default under any agreement to which or by which it is bound in which the default could reasonably be
expected to cause a Material Adverse Change. 
 5.2 Collateral. 
 Borrowers have good title to the Collateral, free of Liens except Permitted Liens. Borrowers maintains their primary operating accounts with SVB or with
SVB’s Affiliates and all other deposit or investment accounts of Borrowers are disclosed in the Collateral Information Certificates or have otherwise been disclosed to Agent in writing. The Domestic Accounts are bona fide, existing obligations,
and the service or property has been performed or delivered to the account debtor or its agent for immediate shipment to and unconditional acceptance by the account debtor. Except as otherwise disclosed in writing to Agent, no Collateral consisting
of Inventory with an aggregate value in excess of $200,000 is in the possession of any third party bailee (such as a warehouse). Except as hereafter disclosed to Agent in writing by Borrowers 
  

 15 

 pursuant to and within the timeframe provided by Section 6.2(d)(i), none of the components of the Collateral
with an aggregate value in excess of $200,000 is maintained at locations other than as provided in the Collateral Information Certificates. In the event that Borrowers, after the date hereof, intend to deliver possession of any Collateral consisting
of Inventory with an aggregate value in excess of $200,000 to a bailee, then Borrowers shall first obtain the written consent of Agent, and such bailee must acknowledge in writing that the bailee is holding such Collateral for the benefit of Agent.
All Inventory is in all material respects of good and marketable quality, free from material defects. 
 5.3 Litigation. 

Except as shown in the Collateral Information Certificates, there are no actions or proceedings pending or, to the knowledge of Borrowers’
Responsible Officers or legal counsel, threatened in writing by or against Borrowers or any Subsidiary which could reasonably be expected to cause a Material Adverse Change. 
 5.4 No Material Deterioration in Financial Statements. 
 Except as set forth in the Collateral Information Certificates, all consolidated financial statements for Borrowers, and any Subsidiary, delivered to Agent fairly present in all material respects Borrowers’
consolidated financial condition and Borrowers’ consolidated results of operations as of the date of such financial statements. Except as set forth in the Collateral Information Certificates, there has not been a Material Adverse Change since
the date of the most recent financial statements submitted to Agent. 
 5.5 Solvency. 
 The fair salable value of Borrowers’ assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; no Borrower is
left with unreasonably small capital after the transactions in this Agreement; and each Borrower is able to pay its debts (including trade debts) as they mature. 
 5.6 Regulatory Compliance. 
 No Borrower is an “investment company” under the Investment
Company Act. No Borrower is engaged as one of its important activities in extending credit for margin stock (under Regulations T and U of the Federal Reserve Board of Governors). Each Borrower has complied in all material respects with the
Federal Fair Labor Standards Act. Except as set forth in the Collateral Information Certificates, no Borrower has violated any laws, ordinances or rules, the violation of which could reasonably be expected to cause a Material Adverse Change. None of
Borrowers’ or any Subsidiary’s properties or assets has been used by Borrowers or any Subsidiary or, to the best of Borrowers’ knowledge, by previous Persons, in disposing, producing, storing, treating, or transporting any hazardous
substance other than legally. Except as set forth in the Collateral Information Certificates, each Borrower and each Subsidiary have timely (taking into account any extensions of time granted to Borrower) filed all required tax returns and paid, or
made adequate provision to pay, all material taxes, except those being contested in good faith with adequate reserves under GAAP. Except as set forth in the Collateral Information Certificates, each Borrower and each Subsidiary have obtained all
consents, 
  

 16 

 approvals and authorizations of, made all declarations or filings with, and given all notices to, all government
authorities that are necessary to continue its business as currently conducted, except where the failure to make such declarations, notices or filings would not reasonably be expected to cause a Material Adverse Change. 
 5.7 Subsidiaries. 
 Except as shown in
the Collateral Information Certificate or as Borrowers may otherwise notify Agent in writing from time to time, Borrowers do not own any stock, partnership interest or other equity securities except for Permitted Investments. 
 5.8 Full Disclosure. 
 No written
representation, warranty or other statement of Borrowers in any certificate or written statement given to Agent or Lenders (taken together with all such written certificates and written statements given to Agent and Lenders) contains any untrue
statement of a material fact or omits to state a material fact necessary to make the statements contained in the certificates or statements not misleading, it being recognized by Agent and Lenders that the projections and forecasts provided by
Borrowers in good faith and based upon reasonable assumptions are not viewed as facts and that actual results during the period or periods covered by such projections and forecasts may differ from the projected or forecasted results. 
 6. AFFIRMATIVE COVENANTS 
 Each Borrower shall, and,
where indicated, shall cause each of its Domestic Subsidiaries to, do all of the following for so long as Lenders have an obligation to lend or there are outstanding Obligations: 
 6.1 Government Compliance. 
 (a) Except as to Subsidiaries in connection with a transaction permitted by Section 7.1(f) or a merger permitted by Section 7.4, maintain its and all its Domestic Subsidiaries’ legal existence and, to the
extent such legal concept is applicable, good standing in their respective jurisdictions of organization except where the failure to do so could not reasonably be expected to cause a Material Adverse Change; 
 (b) Maintain its and its Domestic Subsidiaries’ qualification to do business (to the extent such legal concept is applicable) in each
jurisdiction where the failure to so qualify could reasonably be expected to cause a Material Adverse Change; and 
 (c) Comply, and
have each of its Domestic Subsidiaries comply, with all laws, ordinances and regulations to which it is subject, for which noncompliance or would reasonably be expected to cause a Material Adverse Change. 
 6.2 Financial Statements, Reports, Certificates. 
 (a) Deliver to each Lender: (i) as soon as available, but no later than forty-five (45) days after the last day of each quarter (other than the fiscal quarter ending 
  

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 December 31), a company prepared consolidated balance sheet and income statement covering Borrowers’
consolidated operations during the period certified by a Responsible Officer and in a form acceptable to Lenders; (ii) as soon as available, but no later than ninety (90) days after the last day of Borrowers’ fiscal year, audited
consolidated financial statements prepared under GAAP, consistently applied, together with an opinion on the financial statements from a nationally-recognized, independent, certified public accounting firm; (iii) within five (5) Business
Days of filing, copies of all reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission; (iv) a prompt report of any legal actions pending or threatened in writing against any Borrower or any Subsidiary that could result
in damages or costs to a Borrower or any Subsidiary of Three Million Dollars ($3,000,000) or more; (v) as soon as available, but no later than ninety (90) days after the end of each fiscal year, a one (1) year (prepared on a quarterly
basis) financial projections of Borrowers on a consolidated basis, including a balance sheet and statements of income and cash flows prepared in accordance with GAAP and showing projected operating revenues, expenses and debt service of Borrowers on
a consolidated basis; and (vi) budgets, sales projections, operating plans or other financial information reasonably requested by any Lender. 
 Documents required to be delivered pursuant to this Section 6.2(a) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to
have been delivered on the date on which Borrowers post such documents, or provides a link thereto on the Borrowers’ website on the Internet at Borrowers’ website address of www.equinix.com (or such other website address as
Borrowers may provide to Agent in writing from time to time); provided that: (x) to the extent Agent is otherwise unable to receive any such electronically delivered documents, Borrowers shall, upon request by Agent, deliver paper copies
of such documents to Agent, in number sufficient for each Lender, until a written request to cease delivering paper copies is given by Agent and (y) Borrowers shall notify Agent (by telecopier or electronic mail) of the posting of any such
documents or provide to Agent by electronic mail electronic versions (i.e., soft copies) of such documents. 
 (b) Borrowers shall
deliver to Agent, (i) as soon as available, but no later than forty-five (45) days after the last day of each fiscal quarter (other than the fiscal quarter ending December 31) and (ii) together with the annual financial
statements set forth in clause (a)(ii) above, a Compliance Certificate signed by a Responsible Officer in the form of Exhibit C. 
 (c) Borrowers shall, during normal business hours, from time to time upon five (5) Business Days’ prior notice: (i) provide Agent, each Lender and any of their officers, employees and agents access to its properties,
facilities, advisors, officers and employees of Borrowers and to the Collateral, (ii) permit Agent, each Lender, and any of their officers, employees and agents, to inspect, audit and make extracts from Borrowers’ books and records, and
(iii) permit Agent, each Lender, and their officers, employees and agents, to inspect, review, evaluate and make test verifications and counts of the Domestic Accounts, Inventory and other Collateral of Borrowers. So long as no Default or Event
of Default shall have occurred and be continuing, Borrowers shall reimburse Agent and Lenders for not more than one (1) inspection in any calendar year in an amount not to exceed $10,000. If an Event of Default has occurred and is continuing,
Borrowers shall provide access to (x) their properties, facilities, advisors, officers and employees and to the Collateral at all times and without advance notice, 
  

 18 

 and (y) its suppliers and customers upon request from Agent. Borrowers shall promptly make available to Agent, each
Lender and their counsel originals or copies of all books and records that Agent or any Lender may reasonably request. 
 (d)
Borrowers shall provide written notice to Agent (i) such notice to be delivered at the end of the fiscal quarter in which the following such relocation or additions occur, if any Borrower relocates its chief executive office, or adds any new
offices or business locations, including warehouses (unless such new offices or business locations contain less than $200,000 in such Borrower’s assets or property), (ii) such notice to be delivered at least thirty (30) days prior to
the effective date of the following changes, if any Borrower changes (1) its jurisdiction of organization, (2) its organizational structure or type, (3) its legal name, or (4) the organizational number (if any) assigned by its
jurisdiction of organization. 
 6.3 Inventory; Returns. 
 Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between any Borrower and its account debtors shall follow Borrowers’ customary practices. Borrowers must
promptly notify Agent of all returns, recoveries, disputes and claims, that involve more than $250,000. 
 6.4 Taxes. 
 Make, and cause each Subsidiary to make, timely (taking into account any extensions of time granted to Borrowers) payment of all material federal, state,
and local taxes or assessments (other than taxes and assessments which a Borrower is contesting in good faith, with reserves maintained to the extent required by GAAP) and will deliver to Agent, on demand, appropriate certificates attesting to such
payments. 
 6.5 Insurance. 
 Keep its business and the Collateral insured for such risks and in such amounts as is customary for Persons similarly situated as Borrowers. All property policies shall have a lenders’ loss payable endorsement showing Agent as an
additional loss payee; all liability policies shall show Agent as an additional insured; all policies shall provide that the insurer must give Agent at least twenty (20) days notice before canceling its policy. At Agent’s request,
Borrowers shall deliver certified copies of policies and evidence of all premium payments. Following the occurrence and during the continuance of an Event of Default, proceeds payable under any policy shall, at Requisite Lenders’ option be
payable to Lenders on account of the Obligations. 
 6.6 Primary Accounts. 
 (a) Maintain Borrowers’ primary operating accounts with SVB or any Affiliate of SVB (collectively, “SVB Accounts”)
and not less than 90% of Borrowers’ total cash in Domestic Collateral Accounts; and 
 (b) Provide Agent five (5) Business
Days advance written notice before establishing any Domestic Collateral Account at or with any bank or financial institution 
  

 19 

 (other than SVB). In addition, for each Domestic Collateral Account that Borrowers at any time maintain, Borrowers shall
cause each applicable bank or financial institution (other than SVB) at or with which any Domestic Collateral Account is maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such Domestic Collateral
Account to perfect Agent’s security interest in such Domestic Collateral Account. 
 6.7 Financial Covenants. 
 (a) At each date that is a quarter-end, Equinix and its consolidated Subsidiaries shall maintain a Quick Ratio of not less than 2.0:1.0.

 (b) At each date that is a fiscal quarter-end, Equinix and its consolidated Subsidiaries shall have achieved EBITDA for a trailing
two fiscal quarter period ending on such date equal to or greater than the amounts set forth below opposite each time period set forth below: 
  

				
	 Period
	  	Minimum EBITDA
	 For the two fiscal quarters ending on 6/30/06 and 9/30/06
	  	$	30,000,000
	 For the two fiscal quarters ending 12/31/06 and each fiscal quarter end thereafter
	  	$	40,000,000

 (c) At each date that is a fiscal quarter-end, the Total Senior Funded Debt divided by
the trailing two fiscal quarter annualized EBITDA of Equinix and its consolidated Subsidiaries (the “Senior Leverage Ratio”) shall be less than or equal to the ratio set forth below opposite each time period set forth
below: 
  

			
	 Period
	  	Maximum Senior Leverage Ratio
	 For the fiscal quarters ending through 6/30/07
	  	3.25:1.0
	 For the fiscal quarters ending 9/30/07 through 12/31/07
	  	3.00:1.0
	 For the fiscal quarters ending 3/31/08 and thereafter
	  	2.75:1.00

 (d) At each date that is a fiscal quarter-end, the Total Funded Debt divided by the
trailing two fiscal quarter annualized EBITDA of Equinix and its consolidated Subsidiaries (the “Total Leverage Ratio”) shall be less than or equal to the ratio set forth below opposite each time period set forth below:

  

 20 

				
	 Period
	  	Maximum Total Leverage Ratio	 
	 For the fiscal quarters ending through 6/30/07
	  	4.25:1.0	*
	 For the fiscal quarters ending 9/30/07 and each fiscal quarter end thereafter
	  	3.75:1.0	*
	             
	  		
		
	 *       In the event Approved Subordinated Debt is issued:
	  		
		
	 (a)    For the four fiscal quarters following the date of issuance
	  	7.00:1.00	 
	 (b)    For the next four fiscal quarters thereafter
	  	6.00:1:00	 
	 (c)    For all fiscal quarters commencing with the ninth fiscal quarter after the date of issuance
	  	5.00:1.00	 

 6.8 Intentionally Omitted. 
 6.9 Further Assurances. 
 Borrowers
shall execute any further instruments and take further action as Agent or any Lender reasonably requests to perfect or continue Agent’s security interest in the Collateral or to effect the purposes of this Agreement. 
 7. NEGATIVE COVENANTS 
 Borrowers shall not, and,
where indicated, shall not permit any of their Subsidiaries to, do any of the following without the prior written consent of Requisite Lenders, for so long as any Lender has an obligation to lend or there are any outstanding Obligations: 

7.1 Dispositions. 
 Convey, sell,
lease, transfer or otherwise dispose of (collectively a “Transfer”), or permit any of its Subsidiaries to Transfer, all or any part of its business or property, except for (a) Transfers of Inventory in the ordinary
course of business; (b) non-exclusive licenses, leases, and similar arrangements for the use of the property of Borrowers or their Subsidiaries in the ordinary course of business; (c) Transfers of worn-out, surplus, damaged, or obsolete
Equipment; (d) Transfers associated with the making or disposition of a Permitted Investment; (e) dispositions of cash or Permitted Investments in a manner not prohibited by this Agreement; (f) mergers or consolidations of any
Subsidiary into a Borrower or another Subsidiary or liquidations of or dissolutions of Subsidiaries; (g) Transfers in connection with transaction permitted under Section 7.4; (h) Transfers of unimproved real property;
(i) Transfers of any Facility if as of the date of such Transfer such Facility is a Non-Performing Facility; (j) Transfers in connection with Permitted Sale-Leaseback Transactions; (k) Transfers that are Permitted 
  

 21 

 Liens; (l) Transfers (including the “Beaumeade Transfer”, as defined in the Consent Letter) arising in
connection with the Identified iStar Transactions (to the extent, if any, that such Transfers are not otherwise permitted under this Section 7.1); and (m) Transfers not otherwise permitted in this Section 7.1,
provided, that the aggregate book value of all such other Transfers by Borrowers and their Subsidiaries, together, shall not exceed $5,000,000 in any fiscal year. 
 7.2 Changes in Business. 
 Engage in or permit any of their Subsidiaries to engage in any business
other than the businesses currently engaged in by Borrowers or reasonably related thereto. 
 7.3 Dissolution. 
 Dissolve or elect to dissolve. 
 7.4
Mergers; Consolidations. 
 Merge or consolidate with another corporation or entity, or acquire all or substantially all of the capital
stock or property of a Person; provided that a Borrower may merge or consolidate with another corporation or entity or acquire all or substantially all of the capital stock or property of a Person, if (a) a Default or an Event of Default shall
not have occurred and be continuing and would not occur as a result of such transaction, as evidenced by a certificate of a Responsible Officer of Borrower attaching pro forma covenant calculations through the Revolving Maturity Date, and (b) a
Borrower is the sole survivor after giving effect to the transaction. 
 7.5 Indebtedness. 
 Create, incur, assume, or be liable for any Indebtedness, or permit any Subsidiary to do so, other than Permitted Indebtedness. 
 7.6 Encumbrance. 
 Create, incur, or
allow any Lien on any of its property, or assign or convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries to do so, except for Permitted Liens, or permit any Collateral not to be subject to the
first priority security interest granted herein, subject only to Permitted Liens. In addition, Borrowers shall not enter into any agreement, document, instrument or other arrangement after the date hereof (except with or in favor of Agent for the
benefit of Lenders) with any Person which directly or indirectly prohibits or has the effect of prohibiting Borrowers from transferring, assigning, mortgaging, pledging, granting a security interest in or upon, or otherwise encumbering, any of
Borrowers’ real property to or in favor of Agent; provided, however, that Agent shall, at the request of Borrowers at or prior to the time that Borrowers or any Subsidiary enters into any lease with respect to real property or
incurs any Permitted Indebtedness secured by real property (including accessions, additions, parts, replacements, fixtures, improvements and attachments thereto, and equipment associated therewith, and the proceeds thereof), negotiate in good faith
with the related landlord or lender the form and substance of a deed of trust or mortgage, together with any related documents reasonably required by Agent or such landlord or lender, pursuant to which any Lien in favor of Agent on such real
property would be permitted under the terms of such lease or Permitted Indebtedness. 
  

 22 

 7.7 Distributions; Investments. 
 Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Domestic
Subsidiaries to do so; or pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock except for Permitted Distributions. 
 7.8 Transactions with Affiliates. 
 Directly or indirectly enter into or permit to exist any material
transaction with any Affiliate of Borrowers except for transactions that are in the ordinary course of Borrowers’ business, or upon fair and reasonable terms that are no less favorable to Borrowers than would be obtained in an arm’s length
transaction with a non-affiliated Person. 
 7.9 Subordinated Debt. 
 Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt or any intercreditor agreement to which Agent and
Lenders are party, or amend any provision in any document relating to the Subordinated Debt without prior written consent. 
 7.10
Compliance. 
 Become an “investment company” under the Investment Company Act of 1940 or undertake as one of its important
activities extending credit to purchase or carry margin stock, or use the proceeds of any Credit Extension for that purpose; fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or Prohibited Transaction, as defined in
ERISA, to occur; fail to comply with the Federal Fair Labor Standards Act or violate any other law or regulation, if the violation could reasonably be expected to have a material adverse effect on Borrowers’ business or operations or would
reasonably be expected to cause a Material Adverse Change, or permit any Subsidiaries to do so. 
 8. EVENTS OF DEFAULT 
 Any one of the following is an Event of Default: 
 8.1 Payment Default. 
 If Borrowers fail to pay (a) the principal portion of any Credit Extension when due, or
(b) the interest portion of any Credit Extension within three (3) Business Days after the date due, or (c) any other monetary Obligations within three (3) Business Days after payment of such other Obligation becomes delinquent.
During any cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extensions will be made during the cure period). 
  

 23 

 8.2 Covenant Default. 
 (a) If Borrowers fail to perform any obligation under Section 6.7 or violates any of the covenants contained in Section 7
of this Agreement other than Sections 7.5, 7.6 or 7.7, or 
 (b) If Borrowers fail or neglect to perform, keep, or observe
any other material term, provision, condition, covenant, or agreement contained in this Agreement, in any other Loan Document, or in any other present or future agreement between Borrowers and Agent or any Lender and as to any default under such
other term, provision, condition, covenant or agreement that can be cured, has failed to cure such default within fifteen (15) days after a Responsible Officer is aware of the occurrence thereof; provided, however, that if the default
cannot by its nature be cured within the fifteen (15) day period or cannot after diligent attempts by Borrowers be cured within such fifteen (15) day period, and such default is likely to be cured within a reasonable time, then Borrowers
shall have an additional reasonable period (which shall not in any case exceed thirty (30) days) to attempt to cure such default, and within such reasonable time period the failure to have cured such default shall not be deemed an Event of
Default (but no Credit Extensions will be made during such cure period). 
 8.3 Material Adverse Change. 
 If a Material Adverse Change occurs. 
 8.4
Attachment. 
 If (a) any material portion of any Borrower’s assets is attached, seized, levied on, or comes into possession of
a trustee or receiver and the attachment, seizure or levy is not removed in fifteen (15) days; (b) the service of process upon any Borrower seeking to attach, by trustee or similar process, any material portion of funds of Borrowers on
deposit with SVB, or any entity under the control of SVB (including a subsidiary); (c) any Borrower is enjoined, restrained, or prevented by court order from conducting a material part of its business; (d) a judgment or other claim becomes
a Lien on a material portion of Borrowers’ assets; or (e) a notice of lien, levy, or assessment is filed against any material portion of Borrowers’ assets by any government agency and not paid within fifteen (15) days after
Borrowers receive notice. These are not Events of Default if stayed or if a bond is posted pending contest by Borrowers (but no Credit Extensions shall be made during the cure period). For purposes of this Section 8.4, “material
portion” means an amount equal to or in excess of Three Million Dollars ($3,000,000). 
 8.5 Insolvency. 
 If (a) any Borrower is unable to pay its debts (including trade debts) as they mature; (b) Borrower begins an Insolvency Proceeding; or
(c) an Insolvency Proceeding is begun against any Borrower and not dismissed or stayed within sixty (60) days (but no Credit Extensions shall be made before any Insolvency Proceeding is dismissed). 
  

 24 

 8.6 Other Agreements. 
 If there is a default in any agreement (other than a lease of real property under which a bona fide dispute exists between any Borrower and the landlord
regarding the existence of a default and for which adequate reserves are maintained) to which any Borrower is a party with a third party or parties resulting in a right by such third party or parties, whether or not exercised, to accelerate the
maturity of any Indebtedness in an amount in excess of Three Million Dollars ($3,000,000) or that could result in a Material Adverse Change. 
 8.7 Judgments. 
 If a judgment or judgments for the payment of money in an amount, individually or in the aggregate, of at
least Three Million Dollars ($3,000,000) shall be rendered against any Borrower and shall (a) remain unsatisfied and unstayed for a period of ten (10) days and (b) not be appealed within the shorter of forty-five (45) days or the
time period during which such appeal is required to be brought under applicable law (provided that no Credit Extensions will be made prior to the satisfaction or stay of such judgment). 
 8.8 Misrepresentations. 
 If any
Borrower or any Person acting for any Borrower makes any material misrepresentation or material misstatement now or later in any warranty or representation in this Agreement or in any writing delivered to Agent or Lenders or to induce Agent and
Lenders to enter this Agreement or any Loan Document. 
 9. RIGHTS AND REMEDIES 
 9.1 Rights and Remedies. 
 When an
Event of Default occurs and continues Agent shall, at the request of, or may, with the consent of, Requisite Lenders, without notice or demand, do any or all of the following: 
 (a) declare all Obligations immediately due and payable (but if an Event of Default described in Section 8.5 occurs, all Obligations
are immediately due and payable without any action by Agent); 
 (b) stop advancing money or extending credit for Borrowers’
benefit under this Agreement; 
 (c) settle or adjust disputes and claims directly with account debtors for amounts, on terms and in
any order that Agent considers advisable and notify any Person owing Borrowers money of Agent’s security interest in such funds and collect and verify the amount of such account. Borrowers shall collect all payments in trust for Agent and, if
requested by Agent, immediately deliver the payments to Agent in the form received from the account debtor, with proper endorsements for deposit; 
 (d) make any payments and do any acts it considers necessary or reasonable to protect its security interest in the Collateral. Borrowers shall assemble the 
  

 25 

 Collateral if Agent requests and make it available as Agent designates. Agent or its representatives may enter premises
where the Collateral is located, take and maintain possession of any part of the Collateral, and pay, purchase, contest, or compromise any Lien which appears to be prior or superior to its security interest and pay all expenses incurred. Each
Borrower grants Agent a license to enter and occupy any of its premises, without charge, to exercise any of Agent’s and Lenders’ rights or remedies; 
 (e) apply to the Obligations any (i) balances and deposits of Borrowers it holds, or (ii) any amount held by SVB or any Lender owing to or for the credit or the account of Borrowers; 
 (f) ship, reclaim, recover, store, finish, maintain, repair, prepare for sale, advertise for sale, and sell the Collateral. Agent is hereby
granted a non-exclusive, royalty-free license or other right to use, without charge, Borrowers’ labels, patents, copyrights, mask works, rights of use of any name, trade secrets, trade names, trademarks, service marks, and advertising matter,
or any similar property as it pertains to the Collateral, in completing production of, advertising for sale, and selling any Collateral and, in connection with Agent’s exercise of its rights under this Section, Borrowers’ rights under all
licenses and all franchise agreements inure to Agent for the benefit of Lenders; 
 (g) place a “hold” on any account
maintained with SVB or any Lender and/or deliver a notice of exclusive control, any entitlement order, or other directions or instructions pursuant to any control agreement or similar agreements providing control of any Collateral; 
 (h) exercise any of its rights and remedies under the Leasehold Deeds of Trust; 
 (i) require Borrowers to provide cash collateral in the face amount of all undrawn Letters of Credit; and 
 (j) dispose of the Collateral according to the Code. 
 9.2 Power of Attorney. 
 Each Borrower hereby irrevocably appoints Agent as its lawful
attorney-in-fact, to be effective upon the occurrence and during the continuance of an Event of Default, to: (a) endorse Borrower’s name on any checks or other forms of payment or security; (b) sign Borrower’s name on any invoice
or bill of lading for any Account or drafts against account debtors, (c) settle and adjust disputes and claims about the Accounts directly with account debtors, for amounts and on terms Agent determines reasonable; (d) make, settle, and
adjust all claims under Borrower’s insurance policies; and (e) transfer the Collateral into the name of Agent or a third party as the Code permits. Each Borrower hereby appoints Agent as its lawful attorney-in-fact to sign Borrower’s
name on any documents necessary to perfect or continue the perfection of any security interest regardless of whether an Event of Default has occurred until all Obligations have been satisfied in full and Lenders are under no further obligation to
make Credit Extensions hereunder. Agent’s foregoing appointment as Borrower’s attorney in fact, and all of Agent’s rights and powers, coupled with an interest, are irrevocable until all Obligations have been fully repaid and performed
and Lenders’ obligation to provide Credit Extensions terminates. 
  

 26 

 9.3 Intentionally Omitted. 
 9.4 Bank Expenses. 
 If Borrowers fail
to pay any amount or furnish any required proof of payment to third persons Agent may make all or part of the payment or obtain insurance policies required in Section 6.5. Any amounts paid by Agent as provided herein are Bank Expenses
and are immediately due and payable and shall bear interest at the highest applicable default rate and be secured by the Collateral. No payments by Agent shall be deemed an agreement to make similar payments in the future or Agent’s or any
Lender’s waiver of any Event of Default. 
 9.5 Agent’s Liability for Collateral. 
 So long as Agent complies with reasonable banking practices regarding the safekeeping of Collateral, Agent shall not be liable or responsible for:
(a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other Person. Borrowers bear
all risk of loss, damage or destruction of the Collateral. 
 9.6 Remedies Cumulative. 
 Agent’s and Lenders’ rights and remedies under this Agreement, the other Loan Documents, and all other agreements among Borrowers, Agent and
Lenders, are cumulative. Agent has all rights and remedies provided under the Code, by law, or in equity. Agent’s exercise of one right or remedy is not an election, and Agent’s or Lenders’ waiver of any Event of Default is not a
continuing waiver. Agent’s delay in enforcing its rights is not a waiver, election, or acquiescence. 
 9.7 Demand Waiver.

 Each Borrower waives demand, notice of default or dishonor, notice of payment and nonpayment, notice of any default, nonpayment at
maturity, release, compromise, settlement, extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees held by Agent and Lenders on which Borrowers are liable. 
 10. NOTICES 
 Notices or demands by either party about
this Agreement must be in writing and personally delivered or sent by an overnight delivery service, or by certified mail, postage prepaid, return receipt requested, or by facsimile at the addresses and facsimile numbers listed below. For purposes
of Section 2.3, Agent may send notice to Borrowers by electronic mail at the email address set forth below (provided that a copy of such notice shall be mailed promptly thereafter to Borrowers at the address set forth below). Failure to
provide copies of notices to Borrowers or Agent or Lenders to the Persons named below to receive copies shall not invalidate 
  

 27 

 the notice to Borrowers or to Agent or Lenders, as applicable. A party may change its notice address by written notice to
the other parties. 
  

			
	If to Borrowers:	 	Equinix, Inc.
		 	Equinix Operating Co., Inc.
		 	301 Velocity Way, 5th Floor
		 	Foster City, California 94404
		 	Attn: Treasurer
		 	Fax: (650) 513-7913
		 	Email:mmock@equinix.com
		
	with a copy to:	 	Equinix, Inc.
		 	301 Velocity Way, 5th Floor
		 	Foster City, California 94404
		 	Attn: General Counsel
		 	Fax: (650) 513-7913
		
	and to:	 	Orrick, Herrington & Sutcliffe LLP
		 	405 Howard Street
		 	San Francisco, California 94105
		 	Attn: Richard S. Grey, Esq.
		 	Fax: (415) 773-5759
		
	If to Agent or SVB:	 	Silicon Valley Bank
		 	2400 Geng Road, Suite 200
		 	Palo Alto, California 94303
		 	Attn: Maria Leaf
		 	Fax: (650) 320-0016
		
	with a copy to:	 	Bingham McCutchen LLP
		 	1900 University Avenue
		 	East Palo Alto, California 94303
		 	Attn: Pamela J. Martinson, Esq.
		 	Fax: (650) 849-4800
		
	If to GE:	 	General Electric Capital Corporation
		 	100 California Street, 10th Floor
		 	San Francisco, CA 94111
		 	Attn: Ali Mirza
		 	Fax: (513) 794-8596

 11. CHOICE OF LAW , VENUE AND JURY TRIAL WAIVER 
 California law governs the Loan Documents without regard to principles of conflicts of law. Borrowers, Agent and Lenders each submit to the exclusive
jurisdiction of the State and 
  

 28 

 Federal courts in California, and each Borrower accepts jurisdiction of the courts and venue in Santa Clara County,
California. NOTWITHSTANDING THE FOREGOING, AGENT AND LENDERS SHALL HAVE THE RIGHT TO BRING ANY ACTION OR PROCEEDING AGAINST BORROWERS OR THEIR PROPERTY IN THE COURTS OF ANY OTHER JURISDICTION WHICH AGENT OR LENDERS DEEM NECESSARY OR APPROPRIATE IN
ORDER TO REALIZE ON THE COLLATERAL OR TO OTHERWISE ENFORCE AGENT’S AND LENDERS’ RIGHTS AGAINST BORROWERS OR THEIR PROPERTY. 
 BORROWERS, AGENT AND LENDERS EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY
AND ALL OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 
 WITHOUT INTENDING IN ANY WAY TO LIMIT THE PARTIES’ AGREEMENT TO WAIVE THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY, if the above waiver of the right to a trial by jury is not enforceable, the parties hereto agree
that any and all disputes or controversies of any nature between them arising at any time shall be decided by a reference to a private judge, mutually selected by the parties (or, if they cannot agree, by the Presiding Judge of the Santa Clara
County, California Superior Court) appointed in accordance with California Code of Civil Procedure Section 638 (or pursuant to comparable provisions of federal law if the dispute falls within the exclusive jurisdiction of the federal courts),
sitting without a jury, in Santa Clara County, California; and the parties hereby submit to the jurisdiction of such court. The reference proceedings shall be conducted pursuant to and in accordance with the provisions of California Code of Civil
Procedure §§ 638 through 645.1, inclusive. The private judge shall have the power, among others, to grant provisional relief, including without limitation, entering temporary restraining orders, issuing preliminary and permanent
injunctions and appointing receivers. All such proceedings shall be closed to the public and confidential and all records relating thereto shall be permanently sealed. If during the course of any dispute, a party desires to seek provisional relief,
but a judge has not been appointed at that point pursuant to the judicial reference procedures, then such party may apply to the Santa Clara County, California Superior Court for such relief. The proceeding before the private judge shall be
conducted in the same manner as it would be before a court under the rules of evidence applicable to judicial proceedings. The parties shall be entitled to discovery which shall be conducted in the same manner as it would be before a court under the
rules of discovery applicable to judicial proceedings. The private judge shall oversee discovery and may enforce all discovery rules and order applicable to judicial proceedings in the same manner as a trial court judge. The parties agree that the
selected or appointed private judge shall have the power to decide all issues in the action or proceeding, whether of fact of law, and shall report a statement of decision thereon pursuant to the California Code of Civil Procedure § 644(a).
Nothing in this paragraph shall limit the right of any party at any time to exercise self-help remedies, foreclosure against collateral, or obtain provisional remedies. The private judge shall also determine all issues relating to the applicability,
interpretation and enforceability of this paragraph. 
  

 29 

 12. AGENCY PROVISIONS 
 12.1 Appointment. SVB is hereby appointed to act on behalf of all Lenders as Administrative and Collateral Agent (the “Agent”) under the Loan Agreement and the other Loan Documents. GE is hereby
appointed to act on behalf of all Lenders and Agent as Documentation Agent under the Loan Agreement and the Loan Documents, provided, however, that GE shall have no powers, duties or responsibilities under this Agreement or any of the Loan Documents
except in its capacity as a Lender. The provisions of this Section 12.1 are solely for the benefit of Agent and Lenders and neither of Borrowers nor any other Person shall have any rights as a third party beneficiary of any of the
provisions hereof. In performing its functions and duties under this Agreement and the other Loan Documents, Agent shall act solely as an agent of Lenders and does not assume and shall not be deemed to have assumed any obligation toward or
relationship of agency or trust with or for any Loan Party or any other Person. Agent shall have no duties or responsibilities except for those expressly set forth in this Agreement and the other Loan Documents. The duties of Agent shall be
mechanical and administrative in nature and Agent shall not have, or be deemed to have, by reason of this Agreement, any other Loan Document or otherwise a fiduciary relationship in respect of any Lender. Except as expressly set forth in this
Agreement and the other Loan Documents, Agent shall not have any duty to disclose, and shall not be liable for failure to disclose, any information relating to any Loan Party or any of their respective Subsidiaries that is communicated to or
obtained by SVB or any of its Affiliates in any capacity. Neither Agent nor any of its Affiliates nor any of their respective officers, directors, employees, agents or representatives shall be liable to any Lender for any action taken or omitted to
be taken by it hereunder or under any other Loan Document, or in connection herewith or therewith, except for damages caused by its or their own gross negligence or willful misconduct. 
 If Agent shall request instructions from Requisite Lenders or all affected Lenders with respect to any act or action (including failure to act) in
connection with this Agreement or any other Loan Document, then Agent shall be entitled to refrain from such act or taking such action unless and until Agent shall have received instructions from Requisite Lenders or all affected Lenders, as the
case may be, and Agent shall not incur liability to any Person by reason of so refraining. Agent shall be fully justified in failing or refusing to take any action hereunder or under any other Loan Document (a) if such action would, in the
opinion of Agent, be contrary to law or the terms of this Agreement or any other Loan Document, or (b) if Agent shall not first be indemnified to its satisfaction against any and all liability and expense which may be incurred by it by reason
of taking or continuing to take any such action. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting hereunder or under any other Loan Document in
accordance with the instructions of Requisite Lenders or all affected Lenders, as applicable. 
 12.2 Agent’s Reliance, Etc.
Neither Agent nor any of its Affiliates nor any of their respective directors, officers, agents or employees shall be liable for any action taken or omitted to be taken by it or them under or in connection with this Agreement or the other Loan
Documents, except for damages caused by its or their own gross negligence or willful misconduct. Without limiting the generality of the foregoing, Agent: (a) may consult with legal counsel, independent public accountants and other experts
selected by it and shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the advice of 
  

 30 

 such counsel, accountants or experts; (b) makes no warranty or representation to any Lender and shall not be
responsible to any Lender for any statements, warranties or representations made in or in connection with this Agreement or the other Loan Documents; (c) shall not have any duty to ascertain or to inquire as to the performance or observance of
any of the terms, covenants or conditions of this Agreement or the other Loan Documents on the part of any Loan Party or to inspect the Collateral (including the books and records) of any Loan Party; (d) shall not be responsible to any Lender
for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto; and (e) shall incur no
liability under or in respect of this Agreement or the other Loan Documents by acting upon any notice, consent, certificate or other instrument or writing (which may be by telecopy, telegram, cable or telex) believed by it to be genuine and signed
or sent by the proper party or parties. 
 12.3 SILICON VALLEY BANK AND AFFILIATES. WITH RESPECT TO ITS COMMITMENTS HEREUNDER, SVB
SHALL HAVE THE SAME RIGHTS AND POWERS UNDER THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AS ANY OTHER LENDER AND MAY EXERCISE THE SAME AS THOUGH IT WERE NOT AGENT; AND THE TERM “LENDER” OR “LENDERS” SHALL, UNLESS OTHERWISE
EXPRESSLY INDICATED, INCLUDE SVB IN ITS INDIVIDUAL CAPACITY. SVB AND ITS AFFILIATES MAY LEND MONEY TO, INVEST IN, AND GENERALLY ENGAGE IN ANY KIND OF BUSINESS WITH, ANY LOAN PARTY, ANY OF THEIR AFFILIATES AND ANY PERSON WHO MAY DO BUSINESS WITH OR
OWN SECURITIES OF ANY LOAN PARTY OR ANY SUCH AFFILIATE, ALL AS IF SVB WERE NOT AGENT AND WITHOUT ANY DUTY TO ACCOUNT THEREFOR TO LENDERS. SVB AND ITS AFFILIATES MAY ACCEPT FEES AND OTHER CONSIDERATION FROM ANY LOAN PARTY FOR SERVICES IN CONNECTION
WITH THIS AGREEMENT OR OTHERWISE WITHOUT HAVING TO ACCOUNT FOR THE SAME TO LENDERS EXCEPT AS OTHERWISE PROVIDED IN THE OTHER LOAN DOCUMENTS. 
 12.4 Lender Credit Decision. Each Lender acknowledges that it has, independently and without reliance upon Agent or any other Lender and based on the financial statements referred to in Section 6.2 and such other
documents and information as it has deemed appropriate, made its own credit and financial analysis of the Loan Parties and its own decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance
upon Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement. Each Lender acknowledges the
potential conflict of interest of each other Lender as a result of Lenders holding disproportionate interests in the Loans, and expressly consents to, and waives any claim based upon, such conflict of interest. 
 12.5 Indemnification. Lenders agree to indemnify Agent (to the extent not reimbursed by Loan Parties and without limiting the obligations of Loan
Parties hereunder), ratably according to their respective Commitment Percentage, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature
whatsoever that may be imposed on, incurred by, or asserted against Agent in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted to be taken by Agent in connection therewith; 
  

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 provided, that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements resulting from Agent’s gross negligence or willful misconduct. Without limiting the foregoing, each Lender agrees to reimburse Agent promptly upon demand for its ratable
share of any out-of-pocket expenses (including reasonable counsel fees) incurred by Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal
proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement and each other Loan Document, to the extent that Agent is not reimbursed for such expenses by Loan Parties. 
 12.6 Successor Agent. Agent may resign at any time by giving not less than thirty (30) days’ prior written notice thereof to Lenders and
Borrowers. Upon any such resignation, the Requisite Lenders shall have the right to appoint a successor Agent. If no successor Agent shall have been so appointed by the Requisite Lenders and shall have accepted such appointment within thirty
(30) days after the resigning Agent’s giving notice of resignation, then the resigning Agent may, on behalf of Lenders, appoint a successor Agent, which shall be a Lender, if a Lender is willing to accept such appointment, or otherwise
shall be a commercial bank or financial institution or a subsidiary of a commercial bank or financial institution if such commercial bank or financial institution is organized under the laws of the United States of America or of any State thereof
and has a combined capital and surplus of at least $300,000,000. If no successor Agent has been appointed pursuant to the foregoing, within thirty (30) days after the date such notice of resignation was given by the resigning Agent, such
resignation shall become effective and the Requisite Lenders shall thereafter perform all the duties of Agent hereunder until such time, if any, as the Requisite Lenders appoint a successor Agent as provided above. Any successor Agent appointed by
Requisite Lenders hereunder shall be subject to the approval of Borrower, such approval not to be unreasonably withheld or delayed; provided that such approval shall not be required if a Default or an Event of Default has occurred and is
continuing. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor Agent shall succeed to and become vested with all the rights, powers, privileges and duties of the resigning Agent. Upon the earlier of the
acceptance of any appointment as Agent hereunder by a successor Agent or the effective date of the resigning Agent’s resignation, the resigning Agent shall be discharged from its duties and obligations under this Agreement and the other Loan
Documents, except that any indemnity rights or other rights in favor of such resigning Agent shall continue. After any resigning Agent’s resignation hereunder, the provisions of this Section 12.6 shall inure to its benefit as to any
actions taken or omitted to be taken by it while it was acting as Agent under this Agreement and the other Loan Documents. 
 12.7 Setoff
and Sharing of Payment. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence and during the continuance of any Event of Default and subject to
Section 12.8(g), each Lender is hereby authorized at any time or from time to time, without prior notice to any Borrower or to any Person other than Agent, any such notice being hereby expressly waived, to offset and to appropriate and
to apply any and all balances held by it at any of its offices for the account of Borrower (regardless of whether such balances are then due to Borrowers) and any other properties or assets at any time held or owing by that Lender or that holder to
or for the credit or for the account of Borrowers against and on account of any of the Obligations that are not paid when due; provided that the Lender exercising such offset rights shall give notice 
  

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 thereof to the affected Borrower promptly after exercising such rights. Any Lender exercising a right of setoff or
otherwise receiving any payment on account of the Obligations in excess of its Pro Rata Share thereof shall purchase for cash (and the other Lenders or holders shall sell) such participations in each such other Lender’s or holder’s Pro
Rata Share of the Obligations as would be necessary to cause such Lender to share the amount so offset or otherwise received with each other Lender or holder in accordance with their respective Pro Rata Shares. Borrowers agree, to the fullest extent
permitted by law, that (a) any Lender may exercise its right to offset with respect to amounts in excess of its Pro Rata Share of the Obligations and may sell participations in such amounts so offset to other Lenders and holders and
(b) any Lender so purchasing a participation in the Loans made or other Obligations held by other Lenders or holders may exercise all rights of offset, bankers’ lien, counterclaim or similar rights with respect to such participation as
fully as if such Lender or holder were a direct holder of the Loans and the other Obligations in the amount of such participation. Notwithstanding the foregoing, if all or any portion of the offset amount or payment otherwise received is thereafter
recovered from the Lender that has exercised the right of offset, the purchase of participations by that Lender shall be rescinded and the purchase price restored without interest. 
 12.8 Advances; Payments; Non-Funding Lenders; Risk Participations; Information; Actions in Concert. 
 (a) Advances; Payments. 
 (i)
Each Lender shall make an amount equal to such Lender’s Commitment Percentage of each Advance (such amount, with respect to any Advance, shall be referred to herein as such Lender’s “Advance Amount”) available to Agent in
same day funds by wire transfer to Agent’s account as provided to each Lender not later than 12:00 p.m. (Pacific time) on the requested funding date. After receipt of such wire transfers (or, in the Agent’s sole discretion, before receipt
of such wire transfers), subject to the terms hereof, Agent shall make the requested Advance to Borrowers. All payments by each Lender shall be made without setoff, counterclaim or deduction of any kind. 
 (ii) Agent will promptly distribute to each Lender its Commitment Percentage (or other applicable share as provided herein) of all payments made
by or on behalf of the Borrowers in like funds as received by the Agent. To the extent that any Lender (a “Non-Funding Lender”) has failed to fund all payments and Advances to be made by it or failed to fund the purchase of all
participations required to be purchased by it, Agent shall be entitled to set off the funding short-fall against that Non-Funding Lender’s Pro Rata Share of all payments received from Borrowers. 
 (b) Availability of Lenders’ Advance Amount. Agent may assume that each Lender will make its Advance Amount of each Advance available
to Agent on each funding date. If such Advance Amount is not, in fact, paid to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without setoff, counterclaim or deduction of any kind. If any
Lender fails to pay its Advance Amount forthwith upon Agent’s demand, Agent shall promptly notify Borrowers and Borrowers shall immediately repay such amount to Agent. Nothing in this Section 12.8(b) or elsewhere in this Agreement
or the other Loan Documents shall be deemed to require Agent to advance funds on behalf of any 
  

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 Lender or to relieve any Lender from its obligation to fulfill its Commitments hereunder or to prejudice any rights that
Borrower may have against any Lender as a result of any default by such Lender hereunder. To the extent that Agent advances funds to Borrower on behalf of any Lender and is not reimbursed therefor on the same Business Day as such Advance is made,
Agent shall be entitled to retain for its account all interest accrued on such Advance until reimbursed by the applicable Lender. 
 (c)
Return of Payments. 
 (i) If Agent pays an amount to a Lender under this Agreement in the belief or expectation that a related
payment has been or will be received by Agent from Borrowers and such related payment is not received by Agent, then Agent will be entitled to recover such amount from such Lender on demand without setoff, counterclaim or deduction of any kind.

 (ii) If Agent determines at any time that any amount received by Agent under this Agreement must be returned to Borrowers or paid
to any other Person pursuant to any insolvency law or otherwise, then, notwithstanding any other term or condition of this Agreement or any other Loan Document, Agent will not be required to distribute any portion thereof to any Lender. In addition,
each Lender will repay to Agent on demand any portion of such amount that Agent has distributed to such Lender, together with interest at such rate, if any, as Agent is required to pay to Borrowers or such other Person, without setoff, counterclaim
or deduction of any kind. 
 (d) Non-Funding Lenders. The failure of any Non-Funding Lender to make any Advance or any payment
required by it hereunder, shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make such Advance on such date, but neither any Other Lender nor Agent shall be responsible for the
failure of any Non-Funding Lender to make an Advance or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to
any Loan Document or constitute a “Lender” (or be included in the calculation of “Requisite Lenders” hereunder) for any voting or consent rights under or with respect to any Loan Document. At Borrowers’ request, Agent or a
Person acceptable to Agent shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from any Non-Funding Lender, and each Non-Funding Lender agrees that it shall, at Agent’s
request, sell and assign to Agent or such Person, all of the Commitments of that Non-Funding Lender for an amount equal to the principal balance of all Loans held by such Non-Funding Lender and all accrued interest and fees with respect thereto
through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement. 
 (e) Letter of
Credit Risk Participations. Immediately upon the issuance of any Letter of Credit in accordance with Section 2.1.2, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from SVB in its
capacity as the issuer of the Letter of Credit a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Commitment Percentage times the face amount of such Letter of Credit. In the event of an
unreimbursed drawing under any Letter of Credit, each Lender shall, 
  

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 upon notice from Agent, make funds available to Agent for reimbursement of the issuer in an amount equal to its
Commitment Percentage of the unreimbursed drawing amount, in accordance with Section 12.8(a)(i) above. 
 (f)
Dissemination of Information. Agent shall use reasonable efforts to provide Lenders with any notice of Default or Event of Default received by Agent from, or delivered by Agent to, any Borrower, with notice of any Event of Default of which
Agent has actually become aware and with notice of any action taken by Agent following any Event of Default; provided, that Agent shall not be liable to any Lender for any failure to do so, except to the extent that such failure is attributable to
Agent’s gross negligence or willful misconduct. Lenders acknowledge that Borrowers are required to provide financial statements and other reports to Lenders in accordance with Section 6.2 and agree that Agent shall have no duty to
provide the same to Lenders. 
 (g) Actions in Concert. Anything in this Agreement to the contrary notwithstanding, each
Lender hereby agrees with each other Lender that no Lender shall take any action to protect or enforce its rights arising out of this Agreement or the Loan Documents (including exercising any rights of setoff) without first obtaining the prior
written consent of Agent and Requisite Lenders, it being the intent of Lenders that any such action to protect or enforce rights under this Agreement and the Loan Documents shall be taken in concert and at the direction or with the consent of Agent
or Requisite Lenders. 
 13. GENERAL PROVISIONS 
 13.1 Successors and Assigns; Assignments and Participations. 
 (a) No Assignment by Borrowers. This Agreement
binds and is for the benefit of the successors and permitted assigns of each party. Borrowers may not assign this Agreement or any rights or Obligations under it without Agent’s and Lenders’ prior written consent which may be granted or
withheld in their sole discretion. 
 (b) Assignments. Subject to the terms of this Section 13.1(b), any Lender
may make an assignment to a Qualified Assignee of, or sale of participations in, at any time or times, the Loan Documents, Advances and any Commitment or any portion thereof or interest therein, including any Lender’s rights, title, interests,
remedies, powers or duties thereunder. Any assignment by a Lender shall: (i) require the consent of Agent (which consent shall not be unreasonably withheld or delayed with respect to a Qualified Assignee) and the execution of an assignment
agreement (an “Assignment Agreement” substantially in the form attached hereto as Exhibit E) and otherwise in form and substance reasonably satisfactory to, and acknowledged by, Agent; (ii) be conditioned on such
assignee Lender representing to the assigning Lender and Agent that it is purchasing the applicable Loans to be assigned to it for its own account, for investment purposes and not with a view to the distribution thereof; (iii) after giving
effect to any such partial assignment, the assignee Lender shall have Commitments in an amount at least equal to $5,000,000 and the assigning Lender shall have retained Commitments in an amount at least equal to $5,000,000; (iv) include a
payment to Agent of an assignment fee of $3,500 and (v) so long as no Event of Default has occurred and is continuing, require the consent of Borrowers, which shall not be unreasonably withheld or delayed; provided that no 
  

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 such consent shall be required for an assignment to a Qualified Assignee. In the case of an assignment by a Lender under
this Section 13.1(b), the assignee shall have, to the extent of such assignment, the same rights, benefits and obligations as all other Lenders hereunder. The assigning Lender shall be relieved of its obligations hereunder with respect
to its Commitments or assigned portion thereof from and after the date of such assignment. Each Borrower hereby acknowledges and agrees that any assignment shall give rise to a direct obligation of Borrowers to the assignee and that the assignee
shall be considered to be a “Lender”. In all instances, each Lender’s liability to make Advances hereunder shall be several and not joint and shall be limited to such Lender’s Commitment Percentage. In the event Agent or any
Lender assigns or otherwise transfers all or any part of the Obligations, Agent or any such Lender shall so notify Borrowers and Borrowers shall, upon the request of Agent or such Lender, execute new Notes in exchange for the Notes, if any, being
assigned. Notwithstanding the foregoing provisions of this Section 13.1(b), any Lender may at any time pledge the Obligations held by it and such Lender’s rights under this Agreement and the other Loan Documents to a Federal
Reserve Bank, and any lender that is an investment fund may assign the Obligations held by it and such Lender’s rights under this Agreement and the other Loan Documents to another investment fund managed by the same investment advisor;
provided, that no such pledge to a Federal Reserve Bank shall release such Lender from such Lender’s obligations hereunder or under any other Loan Document. 
 (c) Participations. Any participation by a Lender of all or any part of its Commitments shall be made with the understanding that all amounts payable by Borrowers hereunder shall be determined as if that
Lender had not sold such participation, and that the holder of any such participation shall not be entitled to require such Lender to take or omit to take any action hereunder except actions directly affecting (i) any reduction in the principal
amount of, or interest rate or Bank Expenses payable with respect to, any Loan in which such holder participates, (ii) any extension of the scheduled amortization of the principal amount of any Loan in which such holder participates or the
final maturity date thereof, and (iii) any release of all or substantially all of the Collateral (other than in accordance with the terms of this Agreement, the Collateral Documents or the other Loan Documents). Neither Borrowers nor any other
Loan Party shall have any obligation or duty to any participant. Neither Agent nor any Lender (other than the Lender selling a participation) shall have any duty to any participant and may continue to deal solely with the Lender selling a
participation as if no such sale had occurred. 
 (d) Continuing Obligations. Except as expressly provided in this
Section 13.1, no Lender shall, as between Borrowers and that Lender, or Agent and that Lender, be relieved of any of its obligations hereunder as a result of any sale, assignment, transfer or negotiation of, or granting of participation
in, all or any part of the Advances or other Obligations owed to such Lender. 
 (e) Loan Party Assistance. Each Loan Party
shall assist any Lender permitted to sell assignments or participations under this Section 13.1 as reasonably required to enable the assigning or selling Lender to effect any such assignment or participation, including the execution and
delivery of any and all agreements, notes and other documents and instruments as shall be requested and the preparation of informational materials for, and the participation of management in meetings with, potential assignees or participants. Each
Loan Party shall certify the correctness, completeness and accuracy of all descriptions of the Loan Parties and their respective affairs contained in any selling materials provided by it and all other information provided by it and included in such
materials. 
  

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 (f) Confidentiality. A Lender may furnish any information concerning Loan Parties in the
possession of such Lender from time to time to assignees and participants (including prospective assignees and participants); provided that such Lender shall obtain from assignees or participants confidentiality covenants substantially equivalent to
those contained in Section 13.11 below. 
 13.2 Indemnification. 
 Borrowers hereby indemnify, defend and hold Agent and Lenders and their respective officers, employees, and agents harmless against: (a) all
obligations, demands, claims, and liabilities asserted by any other party in connection with the transactions contemplated by the Loan Documents; and (b) all losses, or Bank’s Expenses incurred, or paid by Agent and Lenders from,
following, or consequential to transactions among Agent, Lenders and Borrowers (including reasonable attorneys’ fees and expenses), except to the extent any of the foregoing are caused by Agent’s or Lenders’ gross negligence or
willful misconduct. 
 13.3 Attorneys’ Fees, Costs and Expenses. 
 In any action or proceeding between Borrowers and Agent or any Lender arising out of the Loan Documents the prevailing party will be entitled to recover
its reasonable attorneys’ fees and other reasonable costs and expenses incurred, in addition to any other relief to which it may be entitled. 
 13.4 Right of Set-Off. 
 Borrower hereby grants to Agent and each Lender, a lien, security interest and right of set-off as
security for all Obligations to Agent and Lenders hereunder, whether now existing or hereafter arising upon and against all deposits, credits, collateral and property, now or hereafter in the possession, custody, safekeeping or control of Agent and
each Lender any entity under the control of Agent and each Lender (including an Affiliate) or in transit to any of them. At any time after the occurrence and during the continuance of an Event of Default, without demand or notice, Agent and each
Lender may set-off the same or any part thereof and apply the same to any liability or obligation of Borrowers and any guarantor even though unmatured and regardless of the adequacy of any other collateral securing the Obligations. ANY AND ALL
RIGHTS TO REQUIRE AGENT OR LENDERS TO EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL WHICH SECURES THE OBLIGATIONS, PRIOR TO EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF BORROWERS
OR ANY GUARANTOR, ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED. 
 13.5 Time of Essence. 
 Time is of the essence for the payment and performance of all Obligations in this Agreement. 
  

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 13.6 Severability of Provisions. 
 Each provision of this Agreement is severable from every other provision in determining the enforceability of any provision. 
 13.7 Amendments and Waivers. 
 (a)
Except for actions expressly permitted to be taken by Agent, no amendment, modification, termination or waiver of any provision of this Agreement or any other Loan Document, or any consent to any departure by any Loan Party therefrom, shall in
any event be effective unless the same shall be in writing and signed by Agent and Borrowers, and by Requisite Lenders or all affected Lenders, as applicable. Except as set forth in Section 13.7(c) below, all such amendments,
modifications, terminations or waivers requiring the consent of any Lenders shall require the written consent of Requisite Lenders. 
 (b) No amendment, modification, termination or waiver of or consent with respect to any provision of the Loan Agreement that waives compliance with the conditions precedent set forth in Sections 3.1 or 3.2 to the making of any
Credit Extension shall be effective unless the same shall be in writing and signed by Agent, Requisite Lenders and Borrowers. Notwithstanding anything contained in this Agreement to the contrary, no waiver or consent with respect to any Default or
any Event of Default shall be effective for purposes of the conditions precedent to the making of Credit Extensions set forth in Section 3.1 or 3.2 unless the same shall be in writing and signed by Agent, Requisite Lenders and Borrowers.

 (c) No amendment, modification, termination or waiver shall, unless in writing and signed by Agent and each Lender directly
affected thereby: (i) increase the principal amount of any Lender’s Commitment (which action shall be deemed to directly affect all Lenders only in the event that the sum of all Lenders’ Commitments is increased to be in excess of the
maximum Committed Revolving Line); (ii) reduce the principal of, rate of interest on or Fees payable with respect to any Credit Extension of any affected Lender; (iii) extend any scheduled payment date or final maturity date of the
principal amount of any Advances of any affected Lender; (iv) waive, forgive, defer, extend or postpone any payment of interest or fees as to any affected Lender; (v) release any Guarantor or, except as otherwise permitted herein or in the
other Loan Documents, release, or permit any Loan Party to sell or otherwise dispose of, any Collateral with a value exceeding $500,000 in the aggregate (which action shall be deemed to directly affect all Lenders); (vi) change the percentage
of the Commitments or of the aggregate unpaid principal amount of the Advances that shall be required for Lenders or any of them to take any action hereunder; and (vii) amend or waive this Section 13.7(c) or the definition of the
term “Requisite Lenders” insofar as such definition affects the substance of this Section 13.7(c). Furthermore, no amendment, modification, termination or waiver affecting the rights or duties of Agent under this Agreement or
any other Loan Document, including any increase in sublimits or any release of any Guarantor or Collateral requiring a writing signed by all Lenders, shall be effective unless in writing and signed by Agent in addition to Lenders required
hereinabove to take such action. Each amendment, modification, termination or waiver shall be effective only in the specific instance and for the specific purpose for which it was given. No amendment, modification, termination or waiver shall be
required for Agent to take additional Collateral pursuant to any Loan Document. No notice to or demand on any Borrower in any case shall 
  

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 entitle such Borrower or any other Borrower to any other or further notice or demand in similar or other circumstances.
Any amendment, modification, termination, waiver or consent effected in accordance with this Section 13.7(c) shall be binding upon each Lender, regardless of the point in time at which such Person first becomes a Lender under the Loan
Agreement. 
 (d) If, in connection with any proposed amendment, modification, waiver or termination: 
 (i) requiring the consent of all affected Lenders, the consent of Requisite Lenders is obtained, but the consent of other Lenders whose consent is
required is not obtained (any such Lender whose consent is not obtained as described in this clause (i) and in clause (ii) below being referred to as “Non Consenting Lender”); or 
 (ii) requiring the consent of Requisite Lenders, the consent of Lenders holding 51% or more of the aggregate Commitments is obtained, but the
consent of Requisite Lenders is not obtained; 
 then, so long as Agent is not a Non Consenting Lender, at Borrowers’ request Agent, or a Person
reasonably acceptable to Agent and Borrowers, shall have the right with Agent’s consent and in Agent’s sole discretion (but shall have no obligation) to purchase from such Non Consenting Lenders, and such Non Consenting Lenders agree that
they shall, upon Agent’s request, sell and assign to Agent or such Person, all of the Commitments of such Non Consenting Lenders for an amount equal to the principal balance of all Loans held by the Non Consenting Lenders and all accrued
interest and fees with respect thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed Assignment Agreement. 
 13.8 Integration. 
 This Agreement and the Loan Documents represent the entire agreement about this
subject matter, and supersede prior negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Agreement and the Loan Documents merge into this
Agreement and the Loan Documents. 
 13.9 Counterparts. 
 This Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, are an original, and all taken together, constitute one
Agreement. 
 13.10 Survival. 
 All covenants, representations and warranties made in this Agreement continue in full force while any Obligations remain outstanding. The obligation of Borrowers in Section 13.2 to indemnify Agent and Lenders shall survive until
the statute of limitations with respect to such claim or cause of action shall have run. 
  

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 13.11 Confidentiality. 
 In handling any confidential information, each of Agent and Lenders shall exercise the same degree of care that it exercises for its own proprietary
information, but disclosure of information may be made: (a) to Agent’s and Lenders’ subsidiaries or affiliates in connection with their business with Borrowers; (b) to prospective transferees or purchasers of any interest in the
Credit Extensions (provided, however, Agent and Lenders shall obtain such prospective transferee’s or purchaser’s agreement to the terms of this provision); (c) as required by law, regulation, subpoena, or other order; (d) as
required in connection with any examination or audit of Agent or any Lender; and (e) as Agent and Lenders consider appropriate in exercising remedies under this Agreement. Confidential information does not include information that either:
(x) is in the public domain or in Agent’s or Lenders’ possession when disclosed to it (other than information that becomes part of the public domain by reason of Agent’s or Lenders’ breach of this Section 13.11),
or becomes part of the public domain after disclosure to Agent or Lenders; or (y) is disclosed to Agent and Lenders by a third party, if, at the time of disclosure, Agent and Lenders do not know that the third party is prohibited from
disclosing the information. 
 13.2 Designation of Obligations as “Designated Senior Debt”. 
 Borrowers, Agent and Lenders expressly agree that the Obligations constitute “Designated Senior Debt” for purposes of and as defined in that
certain Indenture, dated as of February 11, 2004, between Equinix and U.S. Bank National Association, as Trustee, as amended, modified or supplemented from time to time. 
 13.13 USA PATRIOT Act Notice. 
 Agent
hereby notifies Borrowers that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies
Borrowers, which information includes the name and address of Borrowers and other information that will allow Agent to identify Borrowers in accordance with the Act. 
 14. CROSS-GUARANTY 
 14.1 Cross-Guaranty. Each Borrower hereby agrees that such Borrower is
jointly and severally liable for, and hereby absolutely and unconditionally guarantees to Agent and Lenders and their respective successors and assigns, the full and prompt payment (whether at stated maturity, by acceleration or otherwise) and
performance of, all Obligations owed or hereafter owing to Agent and Lenders by each other Borrower. Each Borrower agrees that its guaranty obligation hereunder is a continuing guaranty of payment and performance and not of collection, that its
obligations under this Section 14 shall not be discharged until payment and performance, in full, of the Obligations has occurred, and that its obligations under this Section 14 shall be absolute and unconditional,
irrespective of, and unaffected by, 
 (a) the genuineness, validity, regularity, enforceability or any future amendment of,
or change in, this Agreement, any other Loan Document or any other agreement, document or instrument to which any Borrower is or may become a party; 
  

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 (b) the absence of any action to enforce this Agreement (including this
Section 14) or any other Loan Document or the waiver or consent by Agent and Lenders with respect to any of the provisions thereof; 
 (c) the existence, value or condition of, or failure to perfect its Lien against, any security for the Obligations or any action, or the absence of any action, by Agent and Lenders in respect thereof (including the
release of any such security); 
 (d) the insolvency of any Loan Party; or 
 (e) any other action or circumstances that might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor.

 Each Borrower shall be regarded, and shall be in the same position, as principal debtor with respect to the Obligations guaranteed
hereunder. 
 14.2 Waivers by Borrowers. To the extent permitted by applicable law, each Borrower hereby waives any and all defenses
and rights of discharge based upon suretyship or impairment of collateral (including lack of attachment or perfection with respect thereto) that it may now have or may hereafter acquire with respect to Agent or Lenders or any of its Obligations
hereunder, under any Loan Document or under any other agreement that it may have or may hereafter enter into with Agent or Lenders. Each Borrower expressly waives all rights it may have now or in the future under any statute, or at common law, or at
law or in equity, or otherwise, to compel Agent or Lenders to marshal assets or to proceed in respect of the Obligations guaranteed hereunder against any other Loan Party, any other party or against any security for the payment and performance of
the Obligations before proceeding against, or as a condition to proceeding against, such Borrower. It is agreed among each Borrower, Agent and Lenders that the foregoing waivers are of the essence of the transaction contemplated by this Agreement
and the other Loan Documents and that, but for the provisions of this Section 14 and such waivers, Agent and Lenders would decline to enter into this Agreement. 
 14.3 Benefit of Guaranty. Each Borrower agrees that the provisions of this Section 14 are for the benefit of Agent and Lenders and
their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Borrower and Agent or Lenders, the obligations of such other Borrower under the Loan Documents. 
 14.4 Subordination of Subrogation, Etc. Notwithstanding anything to the contrary in this Agreement or in any other Loan Document, each Borrower
hereby expressly and irrevocably subordinates to payment of the Obligations any and all rights at law or in equity to subrogation, reimbursement, exoneration, contribution, indemnification or set off and any and all defenses available to a surety,
guarantor or accommodation co-obligor until the Obligations are indefeasibly paid in full in cash. Each Borrower acknowledges and agrees that this subordination is intended to benefit Agent and Lenders and shall not limit or otherwise affect such
Borrower’s liability hereunder or the enforceability of this Section 14, and that Agent, Lenders and their respective successors and assigns are intended third party beneficiaries of the waivers and agreements set forth in this
Section 14.4. 
  

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 14.5 Election of Remedies. If Agent or any Lender may, under applicable law, proceed to realize
its benefits under any of the Loan Documents giving Agent or such Lender a Lien upon any Collateral, whether owned by any Borrower or by any other Person, either by judicial foreclosure or by non-judicial sale or enforcement, Agent or any Lender
may, at its sole option, determine which of its remedies or rights it may pursue without affecting any of its rights and remedies under this Section 14. If, in the exercise of any of its rights and remedies, Agent or any Lender shall
forfeit any of its rights or remedies, including its right to enter a deficiency judgment against any Borrower or any other Person, whether because of any applicable laws pertaining to “election of remedies” or the like, each Borrower
hereby consents to such action by Agent or such Lender and waives any claim based upon such action, even if such action by Agent or such Lender shall result in a full or partial loss of any rights of subrogation that each Borrower might otherwise
have had but for such action by Agent or such Lender. Any election of remedies that results in the denial or impairment of the right of Agent or any Lender to seek a deficiency judgment against any Borrower shall not impair any other Borrower’s
obligation to pay the full amount of the Obligations. In the event Agent or any Lender shall bid at any foreclosure or trustee’s sale or at any private sale permitted by law or the Loan Documents, Agent or such Lender may bid all or less than
the amount of the Obligations and the amount of such bid need not be paid by Agent or such Lender but shall be credited against the Obligations. The amount of the successful bid at any such sale, whether Agent, Lender or any other party is the
successful bidder, shall be conclusively deemed to be the fair market value of the Collateral and the difference between such bid amount and the remaining balance of the Obligations shall be conclusively deemed to be the amount of the Obligations
guaranteed under this Section 14, notwithstanding that any present or future law or court decision or ruling may have the effect of reducing the amount of any deficiency claim to which Agent or any Lender might otherwise be entitled but for
such bidding at any such sale. 
 14.6 Liability Cumulative. The liability of Borrowers under this Section 14 is in addition to
and shall be cumulative with all liabilities of each Borrower to Agent and Lenders under this Agreement and the other Loan Documents to which such Borrower is a party or in respect of any Obligations or obligation of the other Borrower, without any
limitation as to amount, unless the instrument or agreement evidencing or creating such other liability specifically provides to the contrary. 
 15.
DEFINITIONS 
 15.1 Definitions. 
 In this Agreement: 
 “Accounts” are all existing and later arising accounts, contract
rights, and other obligations owed Borrower in connection with its sale or lease of goods (including licensing software and other technology) or provision of services, all credit insurance, guaranties, other security and all merchandise returned or
reclaimed by Borrower and Borrower’s Books relating to any of the foregoing, as such definition may be amended from time to time according to the Code. 
  

 42 

 “Adjusted LIBOR” means, for each Interest Period in respect of LIBOR Advances
comprising part of the same Advances, an interest rate per annum (rounded upward to the nearest 1/16th of one percent (0.0625%)) equal to LIBOR for such Interest Period divided by one (1) minus the Reserve Requirement for
such Interest Period. 
 “Advance” or “Advances” is a loan advance (or advances) under the
Committed Revolving Line. 
 “Affiliate” of any Person is (a) any Person that owns or controls directly or
indirectly such Person, (b) any Person that controls or is controlled by or is under common control with such Person, and (c) each of such Person’s senior executive officers or directors, (d) for any Person that is a limited
liability company, such Person’s managers and members, and (e) for any Person that is a partnership, such Person’s general partner. 
 “Agent” is Silicon Valley Bank, in its capacity as administrative agent for Lenders. 
 “Applicable Margin” means the per annum interest rate from time to time in effect and payable in addition to the Prime Rate or LIBOR Rate applicable to the Advances, as determined by reference to the
table in Section 2.4(a) of the Agreement. 
  

	“Approved	Subordinated Debt” has the meaning set forth in Schedule 6.7 hereto. 

 “Bank Expenses” are all audit fees and expenses and costs or expenses of Agent and Lenders (including reasonable attorneys’ fees and expenses) for preparing, negotiating, administering,
defending and enforcing the Loan Documents (including appeals or Insolvency Proceedings). 
 “Bank Products” means
cash management services, foreign exchange contracts or similar products, including without limitation, merchant services, direct deposit of payroll, business credit cards, check cashing services, and clearing house and automated funds transfer
services, to the extent provided by any Lender. 
 “Borrower’s Books” are all Borrowers’
books and records including ledgers, records regarding Borrowers’ assets or liabilities, the Collateral, business operations or financial condition and all computer programs or discs or any equipment containing the information. 
 “Business Day” is any day that is not a Saturday, Sunday or a day on which SVB is closed. 
 “Cash Equivalents” are (a) marketable direct obligations issued or unconditionally guaranteed by the United States
government or its agencies or any state or municipality maturing within one (1) year from its acquisition, (b) commercial paper maturing no more than one (1) year after its acquisition and having an A-1/P-1 or better rating from
either Standard & Poor’s Rating Services or Moody’s Investors Service, Inc., (c) Bank’s certificates of deposit issued by any Lender maturing no more than one (1) year after issue, (d) floating rate securities
with a rating of Aaa/AAA, (e) corporate bonds or notes with a credit rating of Aa/AA, (f) shares in money market funds, and (g) any other investments administered through a Lender or its Affiliates. 
  

 43 

 “Change in Control” is a transaction in which (a) any “person” or
“group” (within the meaning of Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Act”)), other than STT or its Affiliates, becomes the “beneficial owner” (as defined in Rule 13d-3
under the Act), directly or indirectly, of greater than 35% of the shares of all classes of stock then outstanding of a Person ordinarily entitled to vote in the election of the directors of such Person; or (b) STT, considered together with its
Affiliates, becomes the “beneficial owner” (as defined in Rule 13d-3 under the Act), directly or indirectly, of greater than 50% of the shares of all classes of stock then outstanding of a Person ordinarily entitled to vote in the election
of the directors of such Person. 
 “Code” is the Uniform Commercial Code as adopted in California as amended and in
effect from time to time. 
 “Collateral” is the property described on Exhibit D attached hereto. 

“Collateral Information Certificates” are the Collateral Information Certificates delivered by Borrowers to Lenders on or
before the Effective Date. 
 “Committed Revolving Line” is an aggregate principal amount of $75,000,000, or subject
to the terms of Section 3.8, $100,000,000. 
 “Commitment” means, as to each Lender, its obligation to
make Advances to the Borrower in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite its name on Schedule 1 hereto, as such amount may be adjusted from time to time in accordance with this
Agreement, and “Commitment Percentage” means, as to any Lender, an amount expressed as a percentage, equal to such Lender’s Commitment divided by the Committed Revolving Line. 
 “Commodity Account” has the meaning ascribed to it in the Code. 
 “Consent Letter” means that certain letter agreement dated December 21, 2005 between SVB and Equinix relating to and
describing certain transactions between Equinix and certain of its Subsidiaries, on the one hand, and iStar Financial Inc. and certain of its Affiliates, on the other hand. 
 “Contingent Obligation” is, for any Person, any direct or indirect liability, contingent or not, of that Person for (a) any
indebtedness, lease, dividend, letter of credit or other obligation of another such as an obligation directly or indirectly guaranteed, endorsed, co-made, discounted or sold with recourse by that Person, or for which that Person is directly or
indirectly liable; (b) any obligations for undrawn letters of credit for the account of that Person; and (c) all obligations from any interest rate, currency or commodity swap agreement, interest rate cap or collar agreement, or other
agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices; but “Contingent Obligation” does not include endorsements in the ordinary course of business. The
amount of a Contingent Obligation is the stated or determined amount of the primary obligation for which the Contingent Obligation is made or, if not determinable, the maximum reasonably anticipated liability for it determined by the Person in good
faith; but the amount may not exceed the maximum of the obligations under the guarantee or other support arrangement. 
  

 44 

 “Continuation Date” means any date on which Borrowers elect to continue a LIBOR
Advance into another Interest Period. 
 “Control Agreement” means, collectively, any control agreement
entered into among Borrowers, Agent and the depositary bank, securities intermediary, or commodity intermediary at which a Borrower maintains a Deposit Account, Securities Account, or a Commodity Account, pursuant to which Agent obtains control
(within the meaning of the applicable provision of the Code) over such Deposit Account, Securities Account, or Commodity Account. 
 “Conversion Date” means any date on which Borrowers elect to convert a Prime Rate Advance to a LIBOR Advance or a LIBOR Advance to a Prime Rate Advance. 
 “Copyright” means any of the following now owned or hereafter acquired or created (as a work for hire for the benefit of
Borrowers) by Borrowers or in which any Borrower now holds or hereafter acquires or receives any right or interest, in whole or in part: (a) any copyright, whether registered or unregistered, held pursuant to the laws of the United States or of
any other country or foreign jurisdiction, (b) registration, application or recording in the United States Copyright Office or in any similar office or agency of the United States or any other country or foreign jurisdiction, (c) any
continuation, renewal or extension thereof, and (d) any registration to be issued in any pending application, and shall include any right or interest in and to work protectable by any of the foregoing which are presently or in the future owned,
created or authorized (as a work for hire for the benefit of Borrowers) or acquired by any Borrower, in whole or in part. 
 “Credit Extension” is each Advance, Letter of Credit, or any other extension of credit by any Lender for Borrower’s benefit. 
 “Default” means an event, condition, or act which with notice or the passage of time, or both, would constitute an Event of Default. 
 “Deposit Accounts” means all present and future “deposit accounts” as defined in the Code in effect on the date
hereof with such additions to such term as may hereafter be made, and includes without limitation all general and special bank accounts, demand accounts, checking accounts, savings accounts and certificates of deposit, whether maintained with Agent,
any Lender or other institutions. 
 “Designated Deposit Account” means that certain deposit account maintained with
SVB in the name of Equinix, account number [*]. 
 “Domestic Accounts” means Accounts for which the account debtor has its principal place of business in the United States.

  

	*	CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTION HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

  

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 “Domestic Collateral Account” is any Deposit Account, Securities Account or
Commodity Account established by Borrowers at or with any bank or financial institution located in the United States. 
 “Domestic
Subsidiary” means any direct or indirect Subsidiary of a Borrower or Guarantor which is organized under the laws of the United States or any State thereof. 
 “EBITDA” means Borrowers’ consolidated profit or loss from operations plus depreciation, amortization, accretion, stock-based compensation expense, non-cash restructuring charges,
and such other cash restructuring charges as agreed by Agent in writing. 
 “Effective
Amount” means with respect to any Advances on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowing and prepayments or repayments thereof occurring on such date.

 “Effective Date” means the date that Agent signs this Agreement as indicated on the signature page hereof.

 “Equinix” has the meaning set forth in the introductory paragraph to this Agreement. 
 “Equipment” is all present and future machinery, equipment, tenant improvements, furniture, fixtures, vehicles, tools, parts and
attachments in which any Borrower has any interest. 
 “Facility” means any Internet Business ExchangeTM (IBX)
center owned or leased and under construction or operated by the Borrowers or any of their Subsidiaries together with any accessions, additions, parts, replacements, fixtures, improvements and attachments thereto, and equipment associated therewith,
and the proceeds thereof. 
 “Facility Fee Percentage” means the percentage set forth in the table below, for each
period during which the corresponding Senior Leverage Ratio is in effect: 
  

			
	 If Borrowers’ Senior Leverage Ratio is:
	  	 The Facility Fee Percentage per annum is:

	less than or equal to 1.0x	  	0.20%
	greater than 1.0x but less than or equal to 2.5x	  	0.30%
	greater than 2.5x	  	0.35%

 Any increase or decrease in the Facility Fee Percentage resulting from a change in the Senior
Leverage Ratio, as evidenced by the most recently-delivered Compliance Certificate, shall be effective; provided, however, that if Borrowers fail to deliver a Compliance Certificate when due in accordance with
Section 6.2(b), then the Facility Fee Percentage shall be 0.35% per annum effective retroactively to the first day of the fiscal quarter in which such Compliance Certificate is required to be delivered and until such time that
Borrowers shall deliver a Compliance Certificate evidencing that its Senior Leverage Ratio at the end of the immediately 
  

 46 

 preceding fiscal quarter was less than or equal to 2.5x (in which case the Facility Fee Percentage shall automatically
adjust to the percentage corresponding to such Senior Leverage Ratio). The Facility Fee Percentage in effect from the Effective Date until Borrowers deliver the next Compliance Certificate required by the Original Loan Agreement or this Agreement
thereafter shall be .30% per annum, whereupon any increase or decrease in the Facility Fee Percentage shall be computed in accordance with the immediately preceding sentence. In the event the Senior Leverage Ratio reported in any Compliance
Certificate is later determined to have been inaccurate, the Facility Fee Percentage shall be adjusted retroactively to the date of delivery of such inaccurate Compliance Certificate to the percentage corresponding to the correct Senior Leverage
Ratio for that date, and such adjusted Facility Fee Percentage shall be applicable for the same period as that determined based on the original inaccurate Senior Leverage Ratio. 
 “Fee Letter” has the meaning given it in Section 2.7(c). 
 “Filing Collateral” means any Collateral in which a security interest may be perfected by the filing of a financing statement in
the appropriate jurisdiction under the Code. 
 “Foreign Assets” means (a) any tangible assets not located
within the United States; (b) Accounts that are not Domestic Accounts; (c) any Deposit Account, Securities Account, Commodity Account or Letter of Credit Right if the jurisdiction (as determined pursuant to Section 9304, 9305 or 9306,
as applicable, of the Code) of the related depositary bank, securities intermediary, commodity intermediary or issuer is outside the United States; (d) any equity securities issued by a Subsidiary of a Borrower or Guarantor that is not a
Domestic Subsidiary; and (e) any “instrument” (as defined in the Code) if the payor thereof does not have its principal place of business in the United States. 
 “Funding Date” is the date on which an Advance is made to or on account of Borrowers. 
 “GAAP” is generally accepted accounting principles in effect under the laws of the United States of America from time to time.

 “GE” means General Electric Capital Corporation. 
 “General Intangibles” has the meaning ascribed to it in the Code. 
 “Governmental Authority” means (a) any foreign, federal, state, county, or municipal government, or political
subdivision thereof, (b) any governmental or quasi-governmental agency, authority, board, bureau, commission, department, instrumentality or public body, (c) any court or administrative tribunal or (d) with respect to any Person, any
arbitration tribunal or other non-governmental authority to whose jurisdiction that Person has consented. 
 “Guarantor” means any Person executing and delivering a guaranty agreement after the Effective Date with respect to the Obligations of Borrowers in favor of Agent and Lenders. 
 “Identified iStar Transactions” means the “Transactions”, as that term is defined in the Consent Letter. 
  

 47 

 “Indebtedness” is (a) indebtedness for borrowed money or the deferred price
of property or services, such as reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital lease obligations and
(d) Contingent Obligations. 
 “Insolvency Proceeding” is any proceeding by or against any Person under the
United States Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief.

 “Intellectual Property” means any intellectual property, in any medium, of any kind or nature whatsoever, now or
hereafter owned or acquired or received by Borrowers or in which any Borrower now holds or hereafter acquires or receives any right or interest, and shall include, in any event, any Copyright, Trademark, Patent, trade secret, customer list, Internet
domain name (including any right related to the registration thereof), proprietary or confidential information, Mask Works, source, object or other programming code, invention (whether or not patented or patentable), technical information,
procedure, design, knowledge, know-how, software, data base, data, skill, expertise, recipe, experience, process, model, drawing, material or record, all claims for damages by way of past, present and future infringement of any of the rights
included above and all licenses or other rights to use any property or rights of a type described above. 
 “Interest
Payment Date” means, with respect to any LIBOR Advance, the last day of each Interest Period applicable to such LIBOR Advance and the 90th day following such Advance, if sooner, and, with respect to Prime Rate Advances, the last day of each fiscal quarter, and each date a Prime Rate Advance is converted into a LIBOR Advance to the extent
of the amount converted to a LIBOR Advance. 
 “Interest Period” means, as to any LIBOR Advance, the
period commencing on the date of such LIBOR Advance, or on the conversion/continuation date on which the LIBOR Advance is converted into or continued as a LIBOR Advance, and ending on the date that is thirty (30), sixty (60), ninety (90), or one
hundred eighty (180) days thereafter, in each case as Borrowers may elect in the applicable Notice of Borrowing or Notice of Conversion/Continuation; provided, however, that (a) no Interest Period with respect to any LIBOR Advance
shall end later than the Revolving Maturity Date, (b) the last day of an Interest Period shall be determined in accordance with the practices of the LIBOR interbank market as from time to time in effect, (c) if any Interest Period would
otherwise end on a day that is not a Business Day, that Interest Period shall be extended to the following Business Day, and (d) interest shall accrue from and include the first Business Day of an Interest Period but exclude the last Business
Day of such Interest Period. 
 “Interest Rate Determination Date” means each date for calculating the LIBOR for
purposes of determining the interest rate in respect of an Interest Period. The Interest Rate Determination Date shall be the second Business Day prior to the first day of the related Interest Period for a LIBOR Advance. 
  

 48 

 “Inventory” is present and future inventory in which any Borrower has any
interest, including merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products intended for sale or lease or to be furnished under a contract of service, of every kind and description now or
later owned by or in the custody or possession, actual or constructive, of Borrowers, including inventory temporarily out of its custody or possession or in transit and including returns on any accounts or other proceeds (including insurance
proceeds) from the sale or disposition of any of the foregoing and any documents of title. 
 “Investment” is any
beneficial ownership of (including stock, partnership interest or other securities) any Person, or any loan, advance or capital contribution to any Person. 
 “Investment Property” has the meaning ascribed to it in the Code. 
 “Leasehold Deed of Trust” means a Leasehold Deed of Trust or Mortgage, Security Agreement, Assignment of Rents and Leases and Fixture Filing with respect to a Real Property Lease listed on Exhibit D hereto.

 “Lenders” means SVB and GE, and any other lender becoming a party to this Agreement. 
 “Letter of Credit” has the meaning ascribed to it in Section 2.1.2. 
 “Letter of Credit Rights” has the meaning ascribed to it in the Code. 
 “LIBOR” means, for any Interest Rate Determination Date with respect to an Interest Period for any Advance to be made,
continued as or converted into a LIBOR Advance, the rate of interest per annum determined by Agent to be the per annum rate of interest at which deposits in United States Dollars are offered to Agent in the London interbank market in which Agent
customarily participates at 11:00 a.m. (local time in such interbank market) two (2) Business Days prior to the first day of such Interest Period for a period approximately equal to such Interest Period and in an amount approximately equal
to the amount of such Advance. 
 “LIBOR Advance” means an Advance that bears interest based on
Adjusted LIBOR. 
 “Lien” is a mortgage, lien, deed of trust, charge, pledge, security interest or other encumbrance.

 “Loan Documents” are, collectively, this Agreement, the Collateral Information Certificates, any note executed by
Borrowers, any guaranty, the Leasehold Deeds of Trust and any other present or future agreement between Borrowers and/or for the benefit of Agent and Lenders in connection with this Agreement, all as amended, extended or restated. 
 “Loan Parties” means each Person that hereafter executes a signature page to this Agreement and thereby becomes a Borrower
hereunder, with the consent of Agent and Lenders. 
 “Mask Works” are all mask works or similar rights available for
the protection of semiconductor chips, now owned or later acquired. 
  

 49 

 “Material Adverse Change” is: (a) an impairment in the perfection or
priority of Agent’s security interest in a material portion of the Collateral or in the value of such Collateral; or (b) a material adverse change in the business, operations, or financial condition of Borrowers taken as a whole, which
results in a material impairment of the prospect of repayment of any portion of the Obligations. 
 “Non-Performing Facility”
means, as of any date of determination, a Facility with negative operating cash flow during the period consisting of the two immediately preceding quarters. 
 “Notice of Borrowing” means a notice given by Borrowers to Agent in accordance with Section 3.2(a), substantially in the form of Exhibit A, with
appropriate insertions. 
 “Notice of Conversion/Continuation” means a notice given by Borrowers to Agent in accordance with
Section 3.4, substantially in the form of Exhibit B, with appropriate insertions. 
 “Obligations”
are (a) debts, principal, interest, Bank Expenses, and other amounts Borrowers owe to Agent or any Lender now or later, arising under or in connection with the Loan Documents, including Letters of Credit, if any, and including interest
accruing after Insolvency Proceedings begin and (b) Bank Products. 
 “Operating Documents” shall mean, for any
Person, such Person’s formation documents, as currently filed with the Secretary of State of such Person’s state of formation, and, (a) if such Person is a corporation, its bylaws in current form, (b) if such Person is a limited
liability company, its limited liability company agreement (or similar agreement), each of the foregoing with all current modifications and amendments thereto. 
 “Original Loan Agreement” has the meaning set forth in the introductory paragraph to this Agreement. 
 “Other Property” means (a) the following as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and all rights
relating thereto: all present and future “commercial tort claims”, “documents”, “instruments”, “promissory notes”, “chattel paper”, “letters of credit”, “letter-of-credit rights”,
“fixtures”, “farm products” and “money”; and (b) all other goods and personal property of every kind, tangible and intangible, whether or not governed by the Code, but shall not include Intellectual Property.

 “Patent” means any of the following now hereafter owned or acquired or received by Borrowers or in which any
Borrower now holds or hereafter acquires or receives any right or interest: (a) letters patent and right corresponding thereto, of the United States or any other country or other foreign jurisdiction, any registration and recording thereof, and
any application for letters patent, and rights corresponding thereto, of the United States or any other country or other foreign jurisdiction, including, without limitation, registrations, recordings and applications in the United States Patent and
Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or other foreign jurisdiction; (b) any reissue, continuation, continuation-in-part or extension thereof; (c) any petty patent,
divisional, and patent of addition; and (d) any patent to issue in any such application. 
  

 50 

 “Permitted Distributions” means: 
 (a) purchases of capital stock from former employees, consultants and directors pursuant to repurchase agreements or other similar agreements; 

(b) distributions or dividends consisting solely of a Borrower’s capital stock; 
 (c) purchases for value of any rights distributed in connection with any stockholder rights plan; 
 (d) payments of dividends or distributions made by any Subsidiary of a Borrower to a Borrower or another Subsidiary of Borrowers; 
 (e) mandatory dividends provided for under any Borrower’s Certificate of Incorporation as in existence as of the Effective Date; 
 (f) exchanges of equity securities of a Borrower for other equity securities of Borrower that do not provide for any mandatory dividend or redemption
prior to the Revolving Maturity Date; and 
 (g) other distributions, dividends or purchases of Borrowers’ capital stock in cash,
provided that the aggregate amount of such distributions, dividends, or purchases made pursuant to this clause (g) not exceeding 25% of Borrowers’ assets. 
 “Permitted Indebtedness” is: 
 (a) Borrowers’ indebtedness to Lenders under this
Agreement or the other Loan Documents; 
 (b) Indebtedness existing on the Effective Date and shown on the Collateral Information
Certificate; 
 (c) Subordinated Debt; 
 (d) Indebtedness to trade creditors incurred in the ordinary course of business; 
 (e) capital leases with respect to Property;

 (f) purchase money Indebtedness secured by Permitted Liens not exceeding $10,000,000; 
 (g) Indebtedness secured by Permitted Liens; 
 (h) Indebtedness under any performance, surety, statutory or appeal bonds or similar obligations incurred in the ordinary course of business 
 (i) (i) Indebtedness of any Borrower to any of its Subsidiaries to the extent it is Subordinated Debt; (ii) Indebtedness of any Subsidiary of a Borrower to another Subsidiary of a Borrower; and
(iii) Indebtedness of any Subsidiary to a Borrower to the extent permitted under clause (h) of the definition of Permitted Investments; 
  

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 (j) guaranty obligations of Borrowers or any Subsidiary in respect of Permitted Indebtedness of any
wholly-owned Subsidiary of such Person; 
 (k) Indebtedness of any Persons acquired in connection with any merger or acquisition transaction
permitted under this Agreement; 
 (l) Indebtedness incurred in connection with Rate Contracts; 
 (m) obligations resulting from the assumption of a real property lease or sublease to the extent such obligation is treated as a capital lease obligation
for accounting purposes only; 
 (n) Indebtedness secured by Property if the Lien securing such Indebtedness is confined to such Property and
either (i) such Indebtedness is non-recourse to Borrowers and their Subsidiaries or (ii) such Indebtedness does not exceed $30,000,000 in the aggregate outstanding at any one time and the holder of such Indebtedness has entered into an
agreement in form and substance reasonably satisfactory to Agent providing that, to the extent of any deficiency existing after such holder has applied to the outstanding Indebtedness the proceeds of any collateral securing such Indebtedness, any
recourse of such holder against the obligor of such Indebtedness shall be subordinate to the Obligations on terms acceptable to Agent; 
 (o)
Permitted Sale-Leaseback Transactions; 
 (p) other Indebtedness not otherwise permitted by Section 7.5 not exceeding $1,000,000
in the aggregate outstanding at any time; 
 (q) any Approved Subordinated Debt; 
 (r) Indebtedness arising in connection with the identified iStar Transactions (to the extent, if any, that such Indebtedness does not otherwise
constitute “Permitted Indebtedness”); 
 (s) Indebtedness consisting of obligations to any Lender in respect of Bank Products; and

 (t) extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) through (k), (n),
(o), (q) and (r) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrowers or any Subsidiary, as the case may be. 
 “Permitted Investments” are: 
 (a) Investments shown on the Collateral Information Certificate and existing on the Effective Date; 
  

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 (b) Cash Equivalents; 
 (c) Investments consisting of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of Borrowers’ business; 
 (d) Investments accepted in connection with Transfers permitted by Section 7.1; 
 (e) Investments consisting of extensions of credit to any Borrower’s or its Subsidiaries’ customers in the nature of accounts receivable,
prepaid royalties or notes receivable arising from the sale or lease of goods, provision of services or licensing activities of such Borrower; 
 (f) Investments consisting of (i) travel advances and employee relocation loans and other employee loans and advances in the ordinary course of business, and (ii) loans to employees, officers or directors relating to the purchase
of equity securities of any Borrower or its Subsidiaries pursuant to employee stock purchase plans or agreements approved by such Borrower’s Board of Directors; 
 (g) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in settlement of delinquent obligations of, and other disputes with, customers or
suppliers arising in the ordinary course of business; 
 (h) (i) Investments of Subsidiaries of Borrowers in or to Borrowers;
(ii) Investments of Subsidiaries of Borrowers in or to other Subsidiaries of Borrowers; and (iii) Investments of Borrowers in or to Subsidiaries in an amount not to exceed in the aggregate $1,000,000 in any month and $12,000,000 in any
fiscal year so long as no Event of Default exists or would result therefrom; 
 (i) Investments consisting of notes receivable of, or prepaid
royalties and other credit extensions, to customers and suppliers who are not Affiliates, in the ordinary course of business; provided that this paragraph (i) shall not apply to Investments of Borrowers in any Subsidiary; 
 (j) Investments resulting from transactions not prohibited by Section 7.4 or Investments acquired in connection with such transactions;

 (k) Investments consisting of joint ventures entered into by Borrowers or any Subsidiary not exceeding $1,000,000 in the aggregate;

 (l) deposits, prepayment and other credits to suppliers made in the ordinary course of business not in excess of $100,000; and 

(m) Investments permitted by the investment policy adopted by Equinix’s Board of Directors, a true and correct copy of which has been provided to
Agent. 
  

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 “Permitted Liens” are: 
 (a) Liens existing on the Effective Date and shown on the Collateral Information Certificate or arising under this Agreement or other Loan Documents;

 (b) Liens for taxes, fees, assessments or other government charges or levies, either not delinquent or being contested in good faith and
for which Borrowers maintain adequate reserves on their Books, if they have no priority over any of Agent’s security interests; 
 (c)
Liens (including with respect to capital leases) on Property, if the Lien is confined to such Property and the Indebtedness secured thereby is Permitted Indebtedness; 
 (d) Liens to secure existing Indebtedness of any Persons acquired in connection with any merger or acquisition transaction permitted under this Agreement; 
 (e) licenses or sublicenses granted in the ordinary course of Borrowers’ business and any interest or title of a licensor or under any license or
sublicense, if the licenses and sublicenses permit granting Agent a security interest; 
 (f) Liens incurred in the extension, renewal or
refinancing of the Indebtedness secured by Liens described in (a) through (d), but any extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness may not
increase; 
 (g) Liens arising from judgments, decrees or attachments in circumstances not constituting an Event of Default under
Section 8.3 or 8.6; 
 (h) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s,
landlord’s or other like Liens arising in the ordinary course of business which are not overdue for a period of more than 30 days or which are being contested in good faith and by appropriate proceeding if adequate reserves with respect thereto
are maintained on the books of the applicable Person; 
 (i) pledges or deposits in the ordinary course of business in connection with
workers’ compensation, unemployment insurance and other social security legislation; 
 (j) deposits to secure the performance of bids,
trade contracts (other than for borrowed money), contracts for the purchase of property, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case, incurred in the ordinary course
of business and not representing an obligation for borrowed money; 
 (k) easements, rights-of-way, restrictions and other similar
encumbrances affecting real property which do not materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; 
 (l) statutory, common law or contractual Liens of depository institutions or institutions holding securities accounts (including rights of set-off)
provided they are subordinate to Agent’s Liens pursuant to the terms of a control agreement; 
  

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 (m) Liens in favor of customs or revenue authorities arising as a matter of law to secure payment of
customs duties in connection with the importation of goods; 
 (n) Liens on insurance proceeds in favor of insurance companies granted solely
to secure financed insurance premiums; 
 (o) purported Liens evidenced by the precautionary filing of UCC financing statements relating
solely to operating leases of personal property entered into in the ordinary course of business; 
 (p) Liens arising in connection with the
Identified iStar Transactions (to the extent, if any, that such Liens do not otherwise constitute “Permitted Liens”); and 
 (q)
Liens on escrowed cash representing a portion of the proceeds of permitted sales of assets by Borrowers or any Subsidiary established to satisfy contingent post-closing obligations that it owes (including earn-outs, indemnities and working capital
adjustments). 
 “Permitted Sale-Leaseback Transaction” means any transaction whereby Borrowers or a
Subsidiary of a Borrower transfers its interest in any Property and immediately leases back from such Person such Property. 
 “Person” is any individual, sole proprietorship, partnership, limited liability company, joint venture, company association, trust, unincorporated organization, association, corporation, institution, public benefit
corporation, firm, joint stock company, estate, entity or government agency. 
 “Prime Rate” is SVB’s most
recently announced “prime rate,” even if it is not the lowest rate offered by SVB. 
 “Prime Rate
Advance” means an Advance that bears interest based on the Prime Rate. 
 “Pro Rata Share” means
the ratio of the aggregate outstanding principal amount of each Lender’s Advances to Borrowers under this Agreement to the aggregate outstanding principal amount of all Advances to Borrowers under this Agreement. 
 “Property” means Borrowers’ or any of their Subsidiaries’ real property, together with any accessions, additions,
parts, replacements, fixtures, improvements and attachments thereto, and equipment associated therewith, and the proceeds thereof (including, without limitation, any Facilities). 
 “Qualified Assignee” means (a) any Lender, any Affiliate of any Lender, and (b) any commercial bank or other entity
which is an “accredited investor” (as defined in Regulation D of the Securities Act of 1933, as amended) which extends credit or buys loans as one of its businesses, including insurance companies and commercial finance companies.

 “Quick Ratio” means the sum of Borrowers’ and their consolidated Subsidiaries’ domestic, unrestricted
cash, cash equivalents, short term investments, net accounts receivable and 80% of long term investments divided by Borrowers’ and their consolidated Subsidiaries’ 
  

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 current liabilities (computed in accordance with GAAP). For purposes of calculating current liabilities hereunder,
amounts outstanding under the Committed Revolving Line shall be considered long term liabilities at all times that the Revolving Maturity Date is greater than one year from the date of determination. 
 “Rate Contract” means swap agreements (as that term is defined in Section 101 of the Federal Bankruptcy Reform Act of 1978,
as amended) and any other agreements or arrangements designed to provide protection against fluctuations in interest or currency exchange rates. 
 “Real Property Leases” has the meaning set forth in Exhibit D hereto. 
 “Regulatory
Change” means, with respect to any Lender, any change on or after the date of this Agreement in United States federal, state, or foreign laws or regulations, including Regulation D, or the adoption or making on or after such date of any
interpretations, directives, or requests applying to a class of lenders including any Lender, of or under any United States federal or state, or any foreign laws or regulations (whether or not having the force of law) by any court or governmental or
monetary authority charged with the interpretation or administration thereof. 
 “Requirement of Law” means,
as to any Person, any law (statutory or common), treaty, rule, regulation, guideline or determination of an arbitrator or of a Governmental Authority, in each case applicable to or binding upon the Person or any of its Property or to which the
Person or any of its Property is subject. 
 “Requisite Lenders” means Lenders having (a) more than 66 2/3% of
the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Advances, but in any event, if there are not more than two Lenders, “Requisite Lenders” means
both of them. 
 “Reserve Requirement” means, for any Interest Period, the average maximum rate at which reserves (including
any marginal, supplemental, or emergency reserves) are required to be maintained during such Interest Period under Regulation D against “Eurocurrency liabilities” (as such term is used in Regulation D) by member banks of the Federal
Reserve System. Without limiting the effect of the foregoing, the Reserve Requirement shall reflect any other reserves required to be maintained by any Lender by reason of any Regulatory Change against (a) any category of liabilities which
includes deposits by reference to which Adjusted LIBOR is to be determined as provided in the definition of LIBOR or (b) any category of extensions of credit or other assets which include Advances. 
 “Responsible Officer” is any of the Chief Executive Officer, President, Chief Financial Officer, Chief Accounting Officer,
Controller, Vice President-Finance, or Treasurer of a Borrower. 
 “Revolving Maturity Date” is September 15,
2008. 
 “STT” means iSTT Investments Pte Ltd, a corporation organized under the laws of the Republic of Singapore.

  

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 “Securities Account” has the meaning ascribed to it in the Code. 
 “Senior Leverage Ratio” has the meaning ascribed to it in Section 6.7(c). 
 “Subordinated Debt” is debt incurred by Borrowers subordinated to Borrowers’ debt to Lenders (pursuant to a subordination
agreement entered into among Lenders, Borrowers and the subordinated creditor), on terms reasonably acceptable to Requisite Lenders. 
 “Subsidiary” is any Person, corporation, partnership, limited liability company, joint venture, or any other business entity of which more than fifty percent (50%) of the voting stock or other equity interests
is owned or controlled, directly or indirectly, by the Person or one or more Affiliates of the Person. 
 “Sublimit Utilization
Amount” means the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). 
 “Trademark” means any of the following now or hereafter owned or acquired or received by any Borrower or in which any Borrower now holds or hereafter acquires or receives any right or interest: (a) any
trademark, trade name, corporate name, business name, trade style, service mark, logo, other source or business identifier, print or label on which any of the foregoing have appeared or appear, design or other general intangibles of like nature, now
existing or hereafter adopted or acquired, all registrations and recordings thereof, and any applications in connection therewith, including registration, recording and application in the United States Patent and Trademark Office or in any similar
office or agency of the United States, any State thereof or any other country or other foreign jurisdiction and (b) any reissue, extension or renewal of any of the foregoing. 
 “Total Funded Debt” means the sum of Total Senior Funded Debt and the principal amount of outstanding convertible subordinated
debentures or notes issued by Borrowers. 
 “Total Senior Funded Debt” means all funded debt plus capitalized
leases plus “synthetic” or other off-balance sheet lease obligations (unless in each case cash collateralized, and then only to the extent such obligations exceed the cash collateral), but shall exclude the principal amount of
outstanding convertible subordinated debentures or notes issued by Borrowers. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the Effective
Date. 
  

							
	BORROWERS	 	EQUINIX, INC.	 	
				
		 	By:	 	 /s/ Keith D. Taylor
	 	
		 	Name:	 	Keith D. Taylor	 	
		 	Title:	 	Chief Financial Officer	 	
			
		 	EQUINIX OPERATING CO., INC.	 	
				
		 	By:	 	 /s/ Keith D. Taylor
	 	
		 	Name:	 	Keith D. Taylor	 	
		 	Title:	 	Chief Financial Officer	 	
			
	AGENT	 	SILICON VALLEY BANK	 	
				
		 	By:	 	 /s/ Nick Tsiagkas
	 	
		 	Name:	 	Nick Tsiagkas	 	
		 	Title:	 	Relationship Manager	 	
		 	Effective Date: August 10, 2006	 	
			
	LENDERS	 	SILICON VALLEY BANK	 	
				
		 	By:	 	 /s/ Nick Tsiagkas
	 	
		 	Name:	 	Nick Tsiagkas	 	
		 	Title:	 	Relationship Manager	 	
			
		 	GENERAL ELECTRIC CAPITAL CORPORATION	 	
				
		 	By:	 	 /s/ Ali Imran Mirza
	 	
		 	Name:	 	Ali Imran Mirza	 	
		 	Title:	 	Duly Authorized Signatory	 	

  

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