Document:

Consent Agreement, dated as of October 27, 2004

 Exhibit 10.51 
 CONSENT AGREEMENT 
  
 (MEZZANINE LOAN) 
  
 THIS CONSENT AGREEMENT (the
“Agreement”) is executed and entered into as of October 27, 2004 by and among FIVE MILE CAPITAL POOLING INTERNATIONAL II, LLC, having an address at 4 Stamford Plaza, Stamford, Connecticut 06902
(“Lender”), and GLOBAL MARSH MEMBER, LLC, a Delaware limited liability company (“Global Marsh Member”), GLOBAL MARSH LIMITED PARTNER, LLC, a Delaware limited liability company (“Mortgage
Borrower LP”, and together with Global Marsh Member, collectively, “Borrower”), GLOBAL INNOVATION PARTNERS, LLC, a Delaware limited liability company (“Original Guarantor”), DIGITAL REALTY
TRUST, L.P., a Maryland limited partnership (“Replacement Guarantor”), each having an address c/o GI Partners, 2730 Sand Hill Road, Suite 280, Menlo Park, California 94025 Attn: Mr. Richard Magnuson and Mr. Michael Foust (),.
The term “Effective Date” as used in this Agreement shall mean the date upon which this Agreement has been signed and delivered by both Lender and Borrower. 
  
 RECITALS 
  
 A. On August 18, 2003, German American Capital Corporation, a Maryland corporation (“Original Lender”), made a loan
(“Loan”) in the original principal amount of $22,000,000.00 to Borrower pursuant to the terms of that certain Mezzanine Loan and Security Agreement dated as of August 18, 2003 by and among between Original Lender and
Borrower, as amended by that certain Omnibus First Amendment to Mezzanine Loan Documents dated as of November 10, 2003 by and among Borrower and Original Lender (as it has been, and may hereinafter be, amended, the “Loan
Agreement”; all capitalized terms used herein and not defined shall have the meanings ascribed to such terms in the Loan Agreement). 
  
 B. Original Lender has previously assigned to Lender the Loan Agreement the other loan documents described on Exhibit A attached hereto and any
other loan document described in the Loan Agreement evidencing and/or securing the Loan (collectively, the “Loan Documents”). The Loan is secured by, among other things, that certain Pledge and Security Agreement dated as of
August 18, 2003 from Borrower to Lender (as the same may be amended, modified or supplemented from time to time, the “Pledge”) and the other Loan Documents. 
  
 C. Global Marsh Property Owner, L.P., a Texas limited partnership (“Mortgage Borrower”) is the owner
of certain real property commonly known as: (a) Ardenwood Corporate Park located in the City of Fremont, County of Alameda, State of California (the “Ardenwood Corporate Park Property”), (b) 2334 Lundy Place located in the
City of San Jose, County of Santa Clara, State of California (the “2334 Lundy Place Property”) and (c) 2440 Marsh Lane located in the City of Carrollton, County of Dallas, State of Texas (the “2440 Marsh Lane
Property” and together with Ardenwood Corporate Park Property and the 2334 Lundy Place Property, collectively, the “Properties”), which Properties are more particularly described in the Loan Agreement.

  
 D. In connection with the proposed initial public offering
(the “IPO”) of the shares in Digital Realty Trust, Inc., a Maryland real estate investment trust (the “REIT”), and the 

  

 
sole general partner of Replacement Guarantor, Original Guarantor desires to transfer (“Transfer”) all of its membership interests in
Global Marsh Member which is (i) the sole member of Mortgage Borrower LP, which is the 99.5% limited partner of Mortgage Borrower, and (ii) the sole member of Global Marsh General Partner, LLC, a Delaware limited liability company, which is the 0.5%
general partner of Borrower (“Mortgage Borrower GP”), to Replacement Guarantor. 
  
 E. The Loan Documents prohibit the Transfer without first obtaining Lender’s written consent; and 
  
 F. Lender has agreed to consent to the Transfer subject to the terms and
conditions hereinafter set forth. 
  
 NOW, THEREFORE, in
consideration of the foregoing premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 
  
 Article I. 
 BORROWER ACKNOWLEDGMENTS, WARRANTIES, 
 REPRESENTATIONS AND COVENANTS

  
 As a material inducement to Lender to enter into this
Agreement and to consent to the Transfer, Borrower (prior to the consummation of the Transfer) acknowledges, represents, warrants, covenants and agrees to and with Lender as follows: 
  
 1.1 Authority of Borrower Prior to Transfer. Prior to the Transfer: 
  
 (a) Mortgage Borrower is a duly organized, validly existing
limited partnership in good standing under the laws of the State of Texas and is duly authorized to transact business in the State of California. Mortgage Borrower GP is the sole general partner of Mortgage Borrower, and Mortgage Borrower LP is the
sole limited partner of Mortgage Borrower. 
  
 (b) Mortgage Borrower GP is a duly organized, validly existing limited liability company in good standing under the laws of the State of Delaware and is duly authorized to transact business in the States of Texas and California. Global
Marsh Member is the sole member of Mortgage Borrower GP. 
  
 (c) Mortgage Borrower LP is a duly organized, validly existing limited liability company in good standing under the laws of the State of Delaware and is duly authorized to transact business in the States of Texas and
California. Global Marsh Member is the sole member of Mortgage Borrower LP. Global Marsh Member, acting alone without the joinder of any other party, has the power and authority to execute this Agreement on behalf of and to duly bind Mortgage
Borrower LP under this Agreement. The execution and delivery of, and performance under, this Agreement by Mortgage Borrower LP has been duly and properly authorized pursuant to all requisite limited liability company action and will not (i) violate
any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to Mortgage Borrower LP or the certificate of 

  

 
incorporation, the operating agreement or any other organizational document of Mortgage Borrower LP or (ii) result in a breach of or constitute or cause a
default under any indenture, agreement, lease or instrument to which Mortgage Borrower LP is a party or by which any of the Collateral may be bound or affected. 
  
 (d) Global Marsh Member is a duly organized, validly existing limited liability company in good standing
under the laws of the State of Delaware and is duly authorized to transact business in the States of Texas and California. Original Guarantor is the sole member of Global Marsh Member. Original Guarantor, acting alone without the joinder of any
other party, has the power and authority to execute this Agreement on behalf of and to duly bind Global Marsh Member under this Agreement. The execution and delivery of, and performance under, this Agreement by Global Marsh Member has been duly and
properly authorized pursuant to all requisite limited liability company action and will not (i) violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having
applicability to Global Marsh Member or the certificate of incorporation, the operating agreement or any other organizational document of Global Marsh Member or (ii) result in a breach of or constitute or cause a default under any indenture,
agreement, lease or instrument to which Global Marsh Member is a party or by which any of the Collateral may be bound or affected. 
  
 (e) Original Guarantor is a duly organized, validly existing limited liability company in good standing under the laws of the State of
Delaware and is duly authorized to transact business in the States of Texas and California. Global Innovation Manager, LLC, a Delaware limited liability company (“Manager”) is the Manager of Original Guarantor. Manager,
acting alone without the joinder of any other party, has the power and authority to execute this Agreement on behalf of and to duly bind Original Guarantor under this Agreement. The execution and delivery of, and performance under, this Agreement by
Original Guarantor has been duly and properly authorized pursuant to all requisite limited liability company action and will not (i) violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or
award presently in effect having applicability to Original Guarantor or the certificate of formation, the limited liability company agreement or any other organizational document of Original Guarantor or (ii) result in a breach of or constitute or
cause a default under any indenture, agreement, lease or instrument to which Original Guarantor is a party or by which any of the Collateral may be bound or affected. 
  
 (f) Manager is a duly organized, validly existing limited liability company in good standing under the laws
of the State of Delaware and is qualified to do business in the States of Texas and California. Richard Magnuson and Michael Foust are authorized signatories (each, an “Original Guarantor Authorized Person”) for Manager.
Either Original Guarantor Authorized Person, acting alone without the joinder of the other or of any other party, has the power and authority to execute this Agreement on behalf of and to duly bind Manager under this Agreement. The execution and
delivery of, and performance under, this Agreement by Manager has been duly and properly authorized pursuant to all requisite limited liability company action and will not (i) violate any provision of any law, rule, regulation, order, writ,
judgment, injunction, decree, determination or award presently in effect having applicability to Manager or the certificate of formation, the limited liability company agreement or any other organizational document of Manager or (ii) result in a
breach of or constitute or cause a default 

  

 
under any indenture, agreement, lease or instrument to which Manager is a party or by which any of the Collateral may be bound or affected. 
  
 (g) The organizational documents of Borrower, Mortgage
Borrower GP, Mortgage Borrower, Original Guarantor and Manager (collectively, “Original Mezzanine Borrower Parties”) have not been modified (other than to reflect the Transfers) since loan origination. 
  
 1.2 Loan Documents. The Loan Documents to which Borrower and/or
Original Guarantor is a party constitute the valid and legally binding obligations of Borrower and Original Guarantor, enforceable against Borrower, Original Guarantor, the Collateral and the Properties in accordance with their terms, except to the
extent that such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting the rights of creditors generally or general principles of equity. The Pledge is a valid first lien on the Pledged
Collateral for the full unpaid principal amount of the Loan and all other amounts stated in the Loan Documents. Borrower and Original Guarantor have no defenses, setoffs, claims, counterclaims or rights of defense, rights of setoff or counterclaim,
whether legal, equitable or otherwise, to the obligations evidenced by or set forth in the Loan Agreement, the Note (as defined in Exhibit A), the Pledge or any of the other Loan Documents or causes of action of any kind or nature whatsoever
against Lender or any of Lender’s officers, directors, servicers or predecessors in interest (collectively, “Lender Parties”) with respect to (i) the Loan, (ii) any of the Loan Documents to which Borrower is a party,
(iii) the Debt (as such term is defined in the Loan Agreement), (iv) any other documents or instruments now or previously evidencing, securing or in any way relating to the Loan, (v) the administration or funding of the Loan, (vi) the Collateral or
(vii) the development, operation or financing of the Properties. 
  
 1.3 Affirmation of Obligations of Borrower. Borrower hereby affirms the existence and the validity of its and Original Guarantor’s respective obligations, as applicable, and the other provisions in the Loan Agreement, the Note,
the Pledge and the other Loan Documents in accordance with their respective terms and conditions. Borrower further confirms that the Transfer shall not affect its or Original Guarantor’s obligations to, and Borrower agrees to continue, and at
and after the Transfer, to abide by and be bound by all of the terms of the Loan Documents to which it is a party, or upon the Transfer has become a party, including but not limited to, the representations, warranties, covenants, assurances and
indemnifications in the respective agreements to which it is a party. 
  
 1.4 No Default. To the best of Borrower’s knowledge, there currently exist no Defaults nor Events of Default under the Loan Documents. 
  
 1.5 Liens. There are no: (a) subordinate liens of any kind covering or relating to the Properties or the Collateral and Borrower has not received
written notice, and has no actual knowledge of, any mechanics’ liens or liens for unpaid taxes or assessments encumbering the Pledged Collateral or any of the Properties other than those not yet due and payable, nor has notice of a lien or
notice of intent to file a lien been received by Borrower, or (b) pending or, to the best of knowledge of Borrower, threatened (in writing) condemnation proceedings or annexation proceedings affecting the Pledged Collateral or any of the Properties,
nor any agreements to convey the Pledged Collateral or any portion of any of the Properties, or any rights thereto to any person or entity, including, without limitation, any government or governmental agency. 
  

 1.6 Financial Statements. The financial information regarding Borrower and the Properties,
including, but not limited to the rent roll for each of the Properties (collectively, the “Rent Rolls”) supplied by, or on behalf of, Borrower in connection with Borrower’s request for Lender consent to the Transfer
(collectively, the “Financial Information”) were, in all material respects, true and correct on the dates they were supplied to Lender, and since such date no material adverse change in the financial condition of Borrower or
the Properties has occurred, and there is no pending or, to the best knowledge of Borrower, threatened litigation or proceedings of any kind which might materially impair the business or financial condition of Borrower, the Collateral or the
Properties. Borrower acknowledges that the Financial Information has been provided to Lender to induce Lender to consent to the Transfer and enter into this Agreement and is being relied upon by Lender for such purposes. 
  
 1.7 Legal Proceedings. There is no action, proceeding or investigation
pending or, to the best knowledge of Borrower, threatened in writing which questions, directly or indirectly, the validity or enforceability of this Agreement or any of the Loan Documents applicable to Borrower, or any action taken or to be taken
pursuant hereto or thereto, or which might result in any material adverse change in the condition (financial or otherwise) or business of Borrower. 
  
 1.8 Acknowledgement of Indebtedness. To Borrower’s knowledge, Borrower confirms that, and by its execution hereof, Lender confirms that to
Lender’s actual knowledge, as of September 30, 2004, the outstanding principal balance of the Note was $22,000,000. Borrower acknowledges and agrees that the Loan, as evidenced and secured by the Loan Documents and described above, is a valid
and existing indebtedness payable by Borrower to Lender. Lender further confirms that to its actual knowledge, it has not issued any written notices of default to Borrower which have not been cured. 
  
 1.9 Rent Rolls. The Rent Rolls contain true, complete and accurate
summaries, in all material respects, of all tenant leases affecting each of the Properties (“Leases”) as of the date of each Rent Roll. 
  

1.10 Leases. The Leases are the only leases affecting the Properties and are currently in full force and effect, and unless otherwise indicated
on the Rent Rolls, are unmodified. Borrower has not been notified in writing and has no actual knowledge of any landlord default in any material respect under any of the Leases. The rents under the Leases shown on the Rent Roll are true and correct.
Borrower has not received any prepaid rents for more than one month in advance or given any concessions for free or reduced rent under the Leases, except as provided in the Leases. All tenants at the Properties are currently in possession of their
leased premises, and, to the best of Borrower’s knowledge, operating businesses therefrom. 
  
 1.11 Bankruptcy. None of Original Mezzanine Borrower Parties has any intent to (a) file any voluntary petition under any Chapter of the Bankruptcy
Code, Title 11, U.S.C.A. (“Bankruptcy Code”), or in any manner to seek any proceeding for relief, protection, 

  

 
reorganization, liquidation, dissolution or similar relief for debtors (“Debtor Proceeding”) under any local, state, federal or other
insolvency law or laws providing relief for debtors or (b) directly or indirectly to intentionally cause any involuntary petition under any Chapter of the Bankruptcy Code to be filed against any of Original Mezzanine Borrower Parties, or (c)
directly or indirectly to intentionally cause any of the Collateral or Properties or any portion or any interest of Borrower in the Collateral or any of the Properties to become the property of any bankrupt estate or the subject of any Debtor
Proceeding. 
  
 1.12 Single Purpose Entity Status. None of
the representations set forth in Section 4.1.19 of the Loan Agreement are untrue or incorrect in any material respect. 
  
 1.13 No Modification. After the Transfer, all of the terms, covenants and conditions of the Loan Documents shall continue in full force and effect
unmodified, except that Section 5.2.2 of the Loan Agreement shall not be applicable to Guarantor (as such term is defined in the Loan Agreement) upon Replacement Guarantor’s assumption of Original Guarantor’s rights and obligations under
the Loan Documents and its execution and delivery of that certain Guarantee of Recourse Obligations (Mezzanine) and that certain Environmental Indemnity (Mezzanine). The Transfer will not cause any breach or default of any of the terms, conditions,
covenants, agreements or any of the other provisions of the Loan Documents. Except as set forth in this Agreement, the execution and delivery of this Agreement or the consummation of the Transfer shall not, in any way, release, diminish, waive,
lessen or compromise Borrower’s or Original Guarantor’s obligations to Lender under the Loan Documents. 
  
 1.14 Reaffirmations and Release. Borrower and Original Guarantor reaffirm, affirm and confirm, to the best of their knowledge, the truth and
accuracy of all representations and warranties set forth in the Loan Documents as if made on the date hereof. Borrower acknowledges and agrees that nothing contained in this Agreement, nor the Transfer, shall release Borrower from any of its
obligations, agreements duties and liabilities under the Loan Documents (the “Guaranteed Obligations”); provided, however, by its execution and delivery hereof, Lender hereby agrees that, upon the consummation of the IPO,
Original Guarantor shall be deemed to have been released from its obligations under the Guaranty (as defined in Exhibit A attached hereto) and the Environmental Indemnity (as defined in Exhibit A attached hereto) pursuant to the terms of the Joinder
of Original Guarantor attached hereto. 
  
 1.15 Assets of
Borrower. The only assets of Borrower are (i) the Collateral and (ii) its limited liability company membership interest in and to Mortgage Borrower LP and Mortgage Borrower GP. 
  
 1.16 Same Indebtedness; Priority of Liens Not Affected. This Agreement and the execution of other documents
contemplated hereby do not constitute the creation of a new debt or the extinguishment of the debt evidenced by the Loan Documents, nor will they in any way affect or impair the liens and security interests created by the Loan Documents. Borrower
agrees that the lien and security interests created by the Pledge continue to be in full force and effect, unaffected and unimpaired by this Agreement and that said liens and security interests shall so continue in their perfection and priority
until the Debt is fully discharged. 
  

 1.17 Consents. Original Mezzanine Borrower Parties have obtained and provided Lender with true and
correct copies of all consents to the Transfer required to be obtained by any Original Mezzanine Borrower Party under any applicable agreement, instrument document, law, rule, or regulation, including, the consent of Mortgage Lender under the Loan
Documents (Mortgage). 
  
 1.18 Release and Covenant Not To
Sue. Borrower on behalf of itself and the other Original Mezzanine Borrower Parties, on behalf of itself and each of its successors and assigns and each of the successors and assigns of the other Original Mezzanine Borrower Parties, remises,
releases, acquits, satisfies and forever discharges Lender Parties from any and all manner of debts, accountings, bonds, warranties, representations, covenants, promises, contracts, controversies, agreements, liabilities, obligations, expenses,
damages, judgments, executions, actions, inactions, claims, demands and causes of action of any nature whatsoever, at law or in equity, known or unknown, either now accrued or subsequently maturing, which Borrower or any of the other Original
Mezzanine Borrower Parties now have or hereafter can, shall or may have by reason of any matter, cause or thing, from the beginning of the world to and including the date of this Agreement, arising out of or relating to (a) the Loan, including, but
not limited to, its administration or funding, (b) the Loan Documents, (c) the Debt, (d) any other agreement or transaction between any of the Original Mezzanine Borrower Parties and any of the Lender Parties, (e) the Collateral and (f) the
Properties or their development, financing and operation, but excluding any claims or causes of action resulting from or in connection with this Agreement. Borrower on behalf of itself and the other Original Mezzanine Borrower Parties, on behalf of
itself and each of its successors and assigns and each of the successors and assigns of the other Original Mezzanine Borrower Parties, covenants and agrees never to institute or cause to be instituted or continue prosecution of any suit or other
form of action or proceeding of any kind or nature whatsoever against any of the Lender Parties by reason of or in connection with any of the foregoing matters, claims or causes of action, but excluding any claims or causes of action resulting from
or in connection with this Agreement. 
  
 1.19 Transfer
Documents. Other than those documents listed on Exhibit C attached hereto (the “Transfer Documents”), no other documents, instruments, certificates or opinions were executed and/or delivered by Borrower
or by any of the other Original Mezzanine Borrower Parties in connection with the Transfer and related to the Collateral. 
  
 1.20 Further Assurances. Borrower shall execute and deliver to Lender such agreements, instruments, documents, financing statements and other
writings as may be reasonably requested from time to time by Lender to consummate the transactions contemplated by this Agreement. 
  
 1.21 UCC Policy. The Eagle 9 UCC Insurance Policy No. E9002885 issued by First American Title Insurance Company remains in full force and effect
and the Transfer and the execution and delivery of this Consent do not affect or impair the insurance coverage provided to Lender thereunder. 
  

  
 Article II. 
 BORROWER ACKNOWLEDGMENTS, WARRANTIES, 
 REPRESENTATIONS AND COVENANTS 
  
 As a material
inducement to Lender to enter into this Agreement and to consent to the Transfer, Borrower (after the consummation of the Transfer) acknowledges, represents, warrants, covenants and agrees to and with Lender as follows: 
  
 2.1 Authority of Borrower Simultaneously With and After the Transfer.
Simultaneously with and after the Transfer: 
  
 (a) Mortgage Borrower is a duly organized, validly existing limited partnership in good standing under the laws of the State of Texas and is duly authorized to transact business in the State of California. Mortgage Borrower GP is the sole
general partner and Mortgage Borrower LP is the sole limited partner of Mortgage Borrower. 
  
 (b) Mortgage Borrower GP is a duly organized, validly existing limited liability company in good standing under the laws of the State of
Delaware and is qualified to do business in the States of Texas and California. Global Marsh Member is the sole member of Mortgage Borrower GP. 
  
 (c) Mortgage Borrower LP is a duly organized, validly existing limited liability company in good standing under the laws of the State of
Delaware and is qualified to do business in the States of Texas and California. Global Marsh Member is the sole member of Mortgage Borrower LP. Global Marsh Member, acting alone without the joinder of any other party, has the power and authority to
execute this Agreement on behalf of and to duly bind Mortgage Borrower LP under this Agreement. The execution and delivery of, and performance under, this Agreement by Mortgage Borrower LP has been duly and properly authorized pursuant to all
requisite limited liability company action and will not (i) violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to Mortgage Borrower LP or the
certificate of incorporation, the operating agreement or any other organizational document of Mortgage Borrower LP or (ii) result in a breach of or constitute or cause a default under any indenture, agreement, lease or instrument to which Mortgage
Borrower LP is a party or by which any of the Collateral may be bound or affected. 
  
 (d) Global Marsh Member is a duly organized, validly existing limited liability company in good standing under the laws of the State of
Delaware and is qualified to do business in the States of Texas and California. Replacement Guarantor is the sole member of Global Marsh Member. Replacement Guarantor, acting alone without the joinder of any other party, has the power and authority
to execute this Agreement on behalf of and to duly bind Global Marsh Member under this Agreement. The execution and delivery of, and performance under, this Agreement by Global Marsh Member has been duly and properly authorized pursuant to all
requisite limited liability company action and will not (i) violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to Global Marsh Member or the
certificate of incorporation, the operating agreement or any other organizational document of Global Marsh Member or (ii) result in a breach of or constitute or cause a default under any indenture, agreement, lease or instrument to which Global
Marsh Member is a party or by which any of the Collateral may be bound or affected. 
  

 (e) Replacement Guarantor is a duly organized, validly existing limited partnership in
good standing under the laws of the State of Maryland and is not required to become qualified to transact business in the States of Texas and California. The REIT is the sole general partner of Replacement Guarantor. The REIT, acting alone without
the joinder of any other party, has the power and authority to execute this Agreement on behalf of and to duly bind Replacement Guarantor under this Agreement. The execution and delivery of, and performance under, this Agreement by Replacement
Guarantor has been duly and properly authorized pursuant to all requisite limited liability company action and will not (i) violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award
presently in effect having applicability to Replacement Guarantor or the certificate of limited partnership, the limited partnership agreement or any other organizational document of Replacement Guarantor or (ii) result in a breach of or constitute
or cause a default under any indenture, agreement, lease or instrument to which Replacement Guarantor is a party or by which any of the Collateral may be bound or affected. 
  
 (f) The REIT is a duly organized, validly existing real estate investment trust in good standing under the
laws of the State of Maryland and is not required to become qualified to transact business in the States of Texas and California. Richard Magnuson and Michael Foust are authorized signatories (each, a “REIT Authorized
Person”) for the REIT. Either REIT Authorized Person, acting alone without the joinder of the other or of any other party, has the power and authority to execute this Agreement on behalf of and to duly bind the REIT under this
Agreement. The execution and delivery of, and performance under, this Agreement by the REIT has been duly and properly authorized pursuant to all trust action and will not (i) violate any provision of any law, rule, regulation, order, writ,
judgment, injunction, decree, determination or award presently in effect having applicability to the REIT or the certificate of trust, the trust agreement or any other organizational document of the REIT or (ii) result in a breach of or constitute
or cause a default under any indenture, agreement, lease or instrument to which the REIT is a party or by which any of the Collateral may be bound or affected. 
  

2.2 Loan Documents. The Loan Documents to which Borrower is a party constitute the valid and legally binding obligations of Borrower,
enforceable against Borrower, the Collateral and the Properties in accordance with their terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting the rights
of creditors generally or general principles of equity. The Pledge is a valid first lien on the Pledged Collateral for the full unpaid principal amount of the Loan and all other amounts stated in the Loan Documents. Borrower has no defenses,
setoffs, claims, counterclaims or rights of defense, rights of setoff or counterclaim, whether legal, equitable or otherwise, to the obligations evidenced by or set forth in the Loan Agreement, the Note (as defined in Exhibit A), the Pledge
or any of the other Loan Documents or causes of action of any kind or nature whatsoever against any of the Lender Parties with respect to (i) the Loan, (ii) any of the Loan Documents to which Borrower is a party, (iii) the Debt, (iv) any other
documents or instruments now or previously evidencing, securing or in any way relating to the 

  

 
Loan, (v) the administration or funding of the Loan, (vi) the Collateral or (vii) the development, operation or financing of the Properties. 
  
 2.3 Affirmation of Obligations of Borrower. Borrower hereby affirms
the existence and the validity of its obligations and the other provisions in the Loan Agreement, the Note, the Pledge and the other Loan Documents in accordance with their respective terms and conditions. Borrower further confirms that the Transfer
shall not affect its obligations under, and Borrower agrees to continue to abide by and be bound by all of the terms of, the Loan Documents to which it is a party, including but not limited to, the representations, warranties, covenants, assurances
and indemnifications therein, except to the extent such representations, warranties, covenants, assurances and indemnifications are affected by the Transfer. Borrower further agrees to pay, perform, and discharge each and every obligation of payment
and performance under, pursuant to and as set forth in the Note, the Pledge and the other Loan Documents at the time, in the manner and otherwise in all respects as therein provided. 
  
 2.4 No Default. To the best of Borrower’s knowledge, there currently exist no Defaults nor Event of Default
under the Loan Documents. 
  
 2.5 Financial Statements. The
financial information regarding Replacement Guarantor and the REIT supplied by or on behalf of Borrower in connection with Borrower’s request for Lender consent to the Transfer (collectively, the “REIT Financial
Information”) was, in all material respects, true and correct on the dates they were supplied to Lender, and since such date no material adverse change in the financial condition of Replacement Guarantor or the REIT has occurred, and
there is no pending or, to the best knowledge of Replacement Guarantor and the REIT, threatened litigation or proceedings of any kind which might materially impair the business or financial condition of Replacement Guarantor or the REIT. Replacement
Guarantor and the REIT acknowledge that the REIT Financial Information has been provided to Lender to induce Lender to consent to the Transfer and enter into this Agreement and is being relied upon by Lender for such purposes. 
  
 2.6 Legal Proceedings. There is no action, proceeding or investigation
pending or, to the best knowledge of Replacement Guarantor and the REIT, threatened in writing which questions, directly or indirectly, the validity or enforceability of this Agreement or any of the Loan Documents, or any action taken or to be taken
pursuant hereto or thereto, or which might result in any material adverse change in the condition (financial or otherwise) or business of Replacement Guarantor or the REIT. 
  
 2.7 Bankruptcy. None of Replacement Guarantor, the REIT nor any REIT Authorized Person (collectively, the
“REIT Borrower Parties”) has any intent to (a) file any voluntary petition under any Chapter of the Bankruptcy Code, Title 11, U.S.C.A. (“Bankruptcy Code”), or in any manner to seek any proceeding for relief,
protection, reorganization, liquidation, dissolution or similar relief for debtors under any local, state, federal or other insolvency law or laws providing relief for debtors, (b) directly or indirectly to intentionally cause any involuntary
petition under any Chapter of the Bankruptcy Code to be filed against any of the REIT Borrower Parties, or (c) directly or indirectly to intentionally cause any of the Properties or any portion or any interest of Borrower in any of the Collateral to
become the property of any bankrupt estate or the subject of any Debtor Proceeding. 
  

 2.8 Single Purpose Entity Status. The Transfer will not affect any of the REIT Borrower Parties
status as a Special Purpose Entity or cause any of the representations set forth in Section 4.1.19 of the Loan Agreement to be untrue or incorrect in any material respect. 
  
 2.9 Bankruptcy Proceedings. None of the REIT Borrower Parties has been a party to any Debtor Proceeding within seven
(7) years prior to the date of this Agreement. 
  
 2.10
Defaults on Other Indebtedness. None of the REIT Borrower Parties has materially defaulted under its or their obligations with respect to any other indebtedness for which a lender was required to enforce its remedies. 
  
 2.11 Non-Consolidation Opinion. All of the assumptions in that certain
non-consolidation opinion letter dated as of the date hereof by Paul, Hastings, Janofsky & Walker LLP in connection with the Transfer (the “Transfer Non-Consolidation Opinion”) are true and correct in all material
respects. From and after the date hereof, the Transfer Non-Consolidation Opinion shall be deemed an Additional Non-Consolidation Opinion as such term is defined in the Loan Agreement. 
  
 2.12 No Modification. After the Transfer, all of the terms, covenants and conditions of the Loan Documents shall
continue in full force and effect unmodified, except as set forth in Sections 1.13 and 2.22 hereto. Except as set forth in this Agreement, the execution and delivery of this Agreement or the consummation of the Transfer shall not, in any way,
release, diminish, waive, lessen or compromise Borrower’s obligations to Lender under the Loan Documents. 
  
 2.13 Reaffirmations. Borrower acknowledges and agrees that nothing contained in this Agreement, nor the Transfer, shall release Borrower from any
of its obligations, agreements duties and liabilities under the Loan Documents nor make any of the representations and warranties contained in the Loan Documents, including, but not limited to, those in Article 4 of the Loan Agreement untrue or
incorrect in any material respect. 
  
 2.14 Original Guarantor
Ownership. Upon the consummation of the IPO, Original Guarantor shall own at least a thirty percent (30%) interest in Replacement Guarantor. 
  
 2.15 Property Management. There are no other property management agreements (the “Existing Management Agreements”)
affecting any of the Properties other than the property management agreements described in the Manager Consents (as such term is defined in Exhibit A attached hereto). Immediately following the Transfer, the Existing Management Agreements
shall remain unmodified and in full force and effect. 
  
 2.16
Assets of Borrower. The only assets of Borrower are (i) the Collateral and (ii) its limited liability company membership interest in and to Mortgage Borrower LP and Mortgage Borrower GP. 
  
 2.17 Transfer Documents. Other than the Transfer Documents, no other
documents, instruments, certificates or opinions were executed and/or delivered by Borrower (after consummation of the Transfer) or by any of the other REIT Borrower Parties related to the Collateral and in connection with the Transfer. 

 

 2.18 No Financing of Transfer. Replacement Guarantor is not obtaining financing to purchase any of
the interests of Original Guarantor in Borrower, or pledging any of its interests in any REIT Borrower Party to any party in connection with the Transfer. No third Person has the right to take over control, directly or indirectly, of Borrower from
Replacement Guarantor. 
  
 2.19 Same Indebtedness; Priority of
Liens Not Affected. This Agreement and the execution of other documents contemplated hereby do not constitute the creation of a new debt or the extinguishment of the debt evidenced by the Loan Documents, nor will they in any way affect or impair
the liens and security interests created by the Loan Documents. Borrower agrees that the lien and security interests created by the Pledge continue to be in full force and effect, unaffected and unimpaired by this Agreement and that said liens and
security interests shall so continue in their perfection and priority until the Debt is fully discharged. 
  
 2.20 Further Assurances. Borrower shall execute and deliver to Lender such agreements, instruments, documents, financing statements and other
writings as may be reasonably requested from time to time by Lender to consummate the transactions contemplated by this Agreement. 
  
 2.21 Incorporation of Recitals. Each of the Recitals set forth above in this Agreement are true and correct and are incorporated herein by
reference. 
  
 2.22 Amendments to Loan Documents.

  
 (a) Guarantor. Upon the Transfer, all
references to the “Guarantor” in the Loan Documents shall hereinafter mean and refer to Replacement Guarantor. 
  
 (b) Restrictions on Transfers. Notwithstanding anything to the contrary in Section 7.1 or 7.3 of the Loan Agreement, without first
obtaining Lender’s prior written consent, which consent may be withheld or given in Lender’s sole and absolute discretion: 
  
 (1) Borrower shall not, and shall not permit a Transfer (as such term is defined in the Loan Agreement) of Replacement Guarantor’s
(Digital Realty Trust, L.P.) direct or indirect interest in Borrower, General Partner or Mortgage Borrower (as such terms are defined in the Loan Agreement); 
  

(2) During the twelve (12) month period following the date of the consummation of the IPO, neither Original Guarantor nor any of its
Permitted Transferees (as defined below) shall be permitted to make any Transfer(s) of its interest in Replacement Guarantor, other than transfers of such interest to: (a) its members, including CalPERS (as such term is defined in the Loan
Agreement), (b) its other Affiliates (with the consent of the REIT as general partner of Replacement Guarantor), or (c) a trust for the benefit of a charitable beneficiary or a charitable foundation to which Original Guarantor may have transferred
its interest in accordance with the provisions of Section 11.3 of the Amended and Restated Agreement of Limited Partnership of the Operating Partnership dated October 27, 2004 (the “Replacement Guarantor Partnership Agreement”)
((a), (b) and (c) collectively, the “Permitted Transferees”), if such Transfer(s) result in Original Guarantor and any of its 

  

 
Permitted Transferees collectively owning less than 30% of the outstanding voting partnership interests in Replacement Guarantor. In addition, during the
twelve (12) month period following the date of the consummation of the IPO, CalPERS shall not be permitted to make any Transfer(s) of its interest in Original Guarantor or any of its Permitted Transferees if such Transfer(s) result in CalPERS owning
less than a 30% direct or indirect voting partnership interest in Replacement Guarantor (capitalized terms used in this paragraph, if not defined in this Agreement, shall have the meanings ascribed to them in the Replacement Guarantor Partnership
Agreement); and 
  
 (3) A change in the general
partner of Replacement Guarantor shall not be permitted; provided however, Transfers of shares of the REIT on the open market shall be permitted without consent of Lender. At any point beginning 12 months after the date of the consummation of the
IPO, Transfers of interests in the Replacement Guarantor shall be permitted without Lender’s consent provided that no change in control of Replacement Guarantor and Borrower results from such Transfers. 
  
 (c) Encumbrances. Section 5.2.2 of the Mezzanine Loan
Agreement shall not be applicable to the Guarantor (as such term is defined in the Loan Agreement) upon Replacement Guarantor’s assumption of Original Guarantor’s rights and obligations under the Loan Documents and its execution of that
certain Guarantee of Recourse Obligations (Mezzanine) and that certain Environmental Indemnity (Mezzanine). At such time, the introductory words in Section 5.2.2 of the Loan Agreement shall be amended and restated as follows: “Other than in
connection with the Loan Documents (Mezzanine) and the Loan Documents (Mortgage), none of Mezzanine Borrower, Mortgage Borrower or General Partner will: ...” 
  
 2.23 Market Capitalization. Replacement Guarantor and its general partners, the REIT, shall have a combined market
capitalization (based on all outstanding units of limited partnership interests of Replacement Guarantor) of at least three hundred million dollars ($300,000,000) upon the Transfer and shall maintain such position until the Loan is paid in full.
Replacement Guarantor shall provide Lender with a written confirmation of such status quarterly. 
  
 2.24 OFAC List. The REIT Borrower Parties will not permit the transfer of any interests in Replacement Guarantor, Global Marsh Member, Mortgage
Borrower LP, Mortgage Borrower GP or Mortgage Borrower to any person or entity (or any beneficial owner of such entity) who is listed on the specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Asset Control,
Department of the Treasury pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001) and/or any other list of terrorists or terrorist organizations maintained pursuant to any of the rules and regulations of Office of Foreign Asset
Control, Department of the Treasury or pursuant to any other applicable Executive Orders (such lists are collectively referred to as the “OFAC Lists”). Borrower will not knowingly enter into a lease with any party who is
listed on the OFAC Lists. Borrower shall promptly notify Lender if Borrower has knowledge that any of the REIT Borrower Parties is listed on the OFAC Lists or (A) is indicted on or (B) arraigned and held over on charges involving money laundering or
predicate crimes to money laundering. Borrower shall promptly notify Lender if Borrower knows that any tenant is listed on the OFAC Lists or (A) is convicted 

  

 
on, (B) pleads nolo contendere to, (C) is indicted on or (D) is arraigned and held over on charges involving money laundering or predicate crimes to money
laundering. Borrower further represents and warrants to Lender on behalf of itself and the other REIT Borrower Parties that none of the REIT Borrower Parties (before or after the Transfer) is currently listed on the OFAC Lists. 
  
 2.25 Representations and Warranties. No representation or warranty of
Original Mezzanine Borrower Parties made in this Agreement contains any untrue statement of material fact or intentionally omits to state a material fact necessary in order to make such representations and warranties not misleading in light of the
circumstances under which they are made. Any breach by Borrower or by any of the other Original Mezzanine Borrower Parties or any of the REIT Borrower Parties of any of the representations, warranties or covenants set forth herein, after expiration
of all applicable notice and cure periods, shall constitute an Event of Default under the Loan Agreement, the Note, the Pledge and the other Loan Documents. 
  
 2.26 Consent of Lender and Unwinding Transaction. Lender hereby consents to the Transfer subject to the terms of this Agreement. Subject to
receiving satisfactory evidence of the consummation of the IPO and the terms of this Agreement, Lender hereby consents to the release of Original Guarantor from its obligations under the Guaranty (as defined in Exhibit A attached hereto) and the
Environmental Indemnity (as defined in Exhibit A attached hereto) pursuant to the terms of the Joinder of Original Guarantor attached hereto. Borrower agrees that this Agreement shall not be deemed an agreement by Lender to consent to any other
action in connection with the Loan or the Properties. 
  
 Borrower acknowledges and agrees that Lender’s consent is subject to Borrower’s agreement to cause the Operating Partnership to immediately unwind the Transfer (the “Unwinding Transaction”) and transfer back to
Original Guarantor its interests in Borrower and in connection therewith, to execute and cause Original Guarantor or any of the other Original Mezzanine Borrower Parties and any of the REIT Borrower Parties to execute any and all documents
reasonably required by Lender to evidence such Unwinding Transaction in the event that the IPO is not consummated within thirty (30) days from the date hereof (the “IPO Outside Date”). Failure to complete the Unwinding Transaction
to the reasonable satisfaction of Lender within thirty (30) days from the IPO Outside Date shall constitute and Event of Default under the Loan Agreement and the other Loan Documents. 
  
 2.27 Consent of Lender. Lender hereby consents to the Transfer subject to the terms of this Agreement. Subject to
receiving satisfactory evidence of the consummation of the IPO and the terms of this Agreement, Lender hereby consents to the release of Original Guarantor from its obligations under the Guaranty (as defined in Exhibit A attached hereto) and
the Environmental Indemnity (as defined in Exhibit A attached hereto) pursuant to the terms of the Joinder of Original Guarantor attached hereto. Borrower agrees that this Agreement shall not be deemed an agreement by Lender to consent to any
other action in connection with the Loan or the Properties. 
  
 2.28 Payment of Fees and Expenses. Simultaneously with or prior to the execution of this Agreement, Borrower shall pay to or shall have paid to Lender a consent fee in the amount of $220,000, which is 1.0% of the outstanding
principal balance of the Loan and the 

  

 
costs and expenses of Lender incurred with the approval of the Transfer, each of which are fees for new consideration and are not interest charged in
connection with the Loan. Borrower shall also pay at the time of execution of this Agreement the legal fees and expenses of Lender’s counsel, Paul, Hastings, Janofsky & Walker LLP (“PHJ&W”), in connection with the preparation
of this Agreement and the transactions contemplated in this Agreement, if such amount exceeds the $25,000 retainer amount previously received by PHJ&W toward such purpose. Any unused portion of the $25,000 retained shall be returned to Borrower.

  
 2.29 Additional Documents. Contemporaneously with the
execution and delivery of this Agreement and as a material inducement to Lender to enter into this Agreement: (a) Original Guarantor shall have executed and delivered to Lender the Joinder attached hereto with respect to the Guaranty and the
Environmental Indemnity, (b) Replacement Guarantor shall have executed and delivered to Lender that certain Guaranty of Recourse Obligations (Mezzanine) and that certain Environmental Indemnity (Mezzanine) in substantially the same forms as such
agreements executed by Borrower and/or Original Guarantor in connection with the origination of the Loan, and (c) such other documents as may be necessary to comply with the terms of this Agreement and/or the Loan Documents. On or prior to the
consummation of the IPO, Borrower shall cause to be delivered the legal opinions from Borrower’s New York and Maryland counsel with respect to that certain Guaranty of Recourse Obligations (Mezzanine) and that certain Environmental Indemnity
(Mezzanine) to be delivered in connection with this Agreement, substantially in the forms attached hereto as Exhibit B. Failure to deliver such legal opinions described herein shall constitute an Event of Default under the Loan Agreement and the
other Loan Documents. 
  
 2.30 References to Loan
Documents. All references to the term “Loan Documents” in the Loan Agreement and the other Loan Documents shall hereinafter mean and refer to: (i) the Loan Documents described therein; (ii) this Agreement; (iii) the
replacement Guaranty of Recourse Obligations (Mezzanine) given by Replacement Guarantor, (iv) the replacement Environmental Indemnity (Mezzanine) given by Replacement Guarantor and (v) any and all of the documents now or hereafter executed by
Borrower and/or others and by or in favor of Original Lender or Lender, which evidences, secures or guaranties all or any portion of the payments due under the Note or otherwise is executed and/or delivered in connection with the Note, the Loan
Agreement, this Agreement or the other Loan Documents. All references herein to the term “Loan Documents” shall mean and refer to the Loan Documents defined herein. 
  
 Article III. 
 MISCELLANEOUS PROVISIONS 
  
 3.1 Relationship
with Loan Documents. To the extent that this Agreement is inconsistent with the Loan Documents, this Agreement will control and the Loan Documents will be deemed to modified hereby. Except as modified hereby, the Loan Documents shall remain
unchanged and in full force and effect. 
  
 3.2 References.
All references in the Loan Documents to any of the Loan Documents will be deemed to be references to the Loan Documents, as affirmed by this Agreement. 
  

 3.3 No Limitation of Remedies. No right, power or remedy conferred upon or reserved to or by
Lender in this Agreement is intended to be exclusive of any other right, power or remedy conferred upon or reserved to or by Lender under this Agreement, the Loan Documents or at law, but each and every remedy shall be cumulative and concurrent, and
shall be in addition to each and every other right, power and remedy given under this Agreement, the Loan Documents or now or subsequently existing at law. 
  
 3.4 No Waivers. Except as otherwise expressly set forth in this Agreement, nothing contained in this Agreement shall constitute a waiver of any
rights or remedies of Lender under the Loan Documents or at law. No delay or failure on the part of any party hereto in the exercise of any right or remedy under this Agreement shall operate as a waiver, and no single or partial exercise of any
right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy. No action or forbearance by any party hereto contrary to the provisions of this Agreement shall be construed to constitute a waiver of any
of the express provisions. Any party hereto may in writing expressly waive any of such party’s rights under this Agreement without invalidating this Agreement. 
  
 3.5 Successors or Assigns. Whenever any party is named or referred to in this Agreement, the heirs, executors, legal
representatives, successors, successors-in-title and assigns of such party shall be included. All covenants and agreements in this Agreement shall bind and inure to the benefit of the heirs, executors, legal representatives, successors,
successors-in-title and assigns of the parties, whether so expressed or not. 
  
 3.6 Construction of Agreement. Each party hereto acknowledges that it has participated in the negotiation of this Agreement and no provision shall be construed against or interpreted to the disadvantage of any
party hereto by any court or other governmental or judicial authority by reason of such party having or being deemed to have structured, dictated or drafted such provision. Each party has at all times had access to an attorney in the negotiation of
the terms of and in the preparation and execution of this Agreement. Each party has had the opportunity to review and analyze this Agreement for a sufficient period of time prior to execution and delivery. No representations or warranties have been
made by or on behalf of Lender, or relied upon by Borrower, pertaining to the subject matter of this Agreement, other than those set forth in this Agreement. All oral statements, representations and warranties, if any, are superseded and merged into
this Agreement, which represents the final agreement of the parties with respect to the subject matter herein. All of the terms of this Agreement were negotiated at arm’s length, and this Agreement was prepared and executed without fraud,
duress, undue influence or coercion of any kind exerted by any of the parties upon the others. The execution and delivery of this Agreement is the free and voluntary act of Borrower and Lender. 
  
 3.7 Invalid Provision to Affect No Others. If, from any circumstances
whatsoever, fulfillment of any provision of this Agreement or any related transaction at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or
any other applicable law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If any clause or provision operates or would prospectively operate to
invalidate this Agreement, in whole or in part, then such clause or provision only shall 

  

 
be deemed deleted, as though not contained, and the remainder of this Agreement shall remain operative and in full force and effect. 
  
 3.8 Notices. Except as otherwise specifically provided to the
contrary, any and all notices, elections, approvals, consents, demands, requests and responses (“Communications”) permitted or required to be given under this Agreement and the Loan Documents shall be effective if in writing,
signed by or on behalf of the party giving the same, and sent by certified or registered mail, postage prepaid, return receipt requested, or by hand delivery or overnight courier service (such as Federal Express), to the party to be notified at the
address of such party set forth below or at such other address within the continental United States as such other party may designate by notice specifically designated as a notice of change of address and given in accordance with this Section. Any
Communications shall be effective upon the earlier of their receipt or three days after mailing in the manner indicated in this Section. Receipt of Communications shall occur upon actual delivery but if attempted delivery is refused or rejected, the
date of refusal or rejection shall be deemed the date of receipt. Any Communications given in accordance with this Section shall be deemed to satisfy all general “notice” provisions contained in the Loan Documents. Any Communication, if
given to Lender, must be addressed as follows, subject to change as provided above: 
  
 Five Mile Capital Pooling International II, LLC 
 4 Stamford Plaza 
 Stamford, CT 06902 
 Attention: James Glasgow

  
 With a copy to: 
  
 Paul, Hastings, Janofsky & Walker LLP 
 75 East 55th Street 
 New York, New York 10022

 Attn: Dean Stiffle, Esq. 
  
 and, if given to Borrower (before or after the Transfer), must be addressed as follows, notwithstanding any other address set forth in the Loan Documents to the contrary,
subject to change as provided above: 
  
 Global Marsh Member, LLC
and Global Marsh Limited Partner, LLC 
 2730 Sand Hill Road, Suite 280 
 Menlo Park, California 94025 
 Attn: Mr.
Richard Magnuson and Mr. Michael Foust 
 Telephone: (650) 233-3610 
 Facsimile:   (650) 233-3601 
  
 With a courtesy copy to: 
  
 Latham & Watkins 
 633 West Fifth Street,
Suite 4000 
 Los Angeles, CA 90071-2007 
 Attn: Martha Jordan 
 Telephone: 213-485-1234 
 Facsimile:   213-891-8763 
  

 3.9 Governing Law. The provisions of Section 14.3 of the Loan Agreement are hereby incorporated
into this Agreement. 
  
 3.10 Headings; Exhibits. The
headings of the articles, sections and subsections of this Agreement are for the convenience of reference only, are not to be considered a part of this Agreement and shall not be used to construe, limit or otherwise affect this Agreement.

  
 3.11 Modifications. The terms of this Agreement may not
be changed, modified, waived, discharged or terminated orally, but only by an instrument or instruments in writing, signed by the party against whom the enforcement of the change, modification, waiver, discharge or termination is asserted.

  
 3.12 Counterparts. This Agreement may be executed in
multiple counterparts, each of which shall be deemed an original, and all such counterparts together shall constitute one and the same instrument. 
  
 3.13 WAIVER OF JURY TRIAL. EACH OF LENDER AND BORROWER AND ALL PERSONS CLAIMING BY, THROUGH OR UNDER THEM, HEREBY EXPRESSLY, KNOWINGLY, VOLUNTARILY
AND INTENTIONALLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (I) ARISING UNDER THIS AGREEMENT, THE PLEDGE, THE NOTE OR ANY OTHER LOAN DOCUMENT, INCLUDING, WITHOUT LIMITATION, ANY PRESENT OR FUTURE MODIFICATION
THEREOF OR (II) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS AGREEMENT, THE PLEDGE, THE NOTE OR ANY OTHER LOAN DOCUMENT (AS NOW OR HEREAFTER MODIFIED) OR ANY OTHER
INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR THE TRANSACTIONS RELATED HERETO OR THERETO, IN EACH CASE WHETHER SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION IS NOW EXISTING OR HEREAFTER ARISING, AND WHETHER
SOUNDING IN CONTRACT OR TORT OR OTHERWISE; AND EACH OF LENDER AND BORROWER HEREBY AGREES AND CONSENTS THAT AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION MAY BE FILED WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT HERETO TO THE WAIVER OF ANY
RIGHT TO TRAIL BY JURY. EACH OF LENDER AND BORROWER ACKNOWLEDGES THAT IT HAS CONSULTED WITH LEGAL COUNSEL REGARDING THE MEANING OF THIS WAIVER AND ACKNOWLEDGES THAT THIS WAIVER IS AN ESSENTIAL INDUCEMENT FOR CONSENTING TO THE TRANSFER. THIS WAIVER
SHALL SURVIVE THE REPAYMENT OF THE LOAN. 
  
 [NO FURTHER TEXT
APPEARS ON THIS PAGE; SIGNATURE PAGES FOLLOW] 
  

 The parties have executed and delivered this Agreement as of the day and year first above written.

  

							
	LENDER:
	
	FIVE MILE CAPITAL PARTNERS, LLC
		
	By:	 	Five Mile Capital Pooling International II, LLC, its nominee
			
	 	 	By:	 	Five Mile Capital Partners, LLC, its manager
				
	 	 	 	 	By:	 	/s/    (signature illegible)        
	 	 	 	 	 Name:
	 	 
	 	 	 	 	 Title:
	 	 

  

			
	STATE OF CONNECTICUT	 	 )

	 	 	 ) SS.:

	COUNTY OF FAIRFIELD	 	 )

  
 This instrument was
acknowledged before me, a notary public this              day of             , 2004, by
                            , as
                                        
of Five Mile Capital Partners, LLC, a Delaware limited liability company. He is personally known to me or has produced a driver’s license as identification. 
  

	
	
	 
	 Notary Public

	 My Commission Expires: ____________________

  
 SIGNATURES
CONTINUE ON NEXT PAGE 
  

 (PRIOR TO COMPLETION OF THE TRANSFER): 
  

							
	BORROWER:
	
	GLOBAL MARSH MEMBER, LLC, a Delaware limited liability company
		
	By:	 	Global Innovation Partners, LLC, a Delaware limited liability company, its member
			
	 	 	By:	 	Global Innovation Manager, LLC, a Delaware limited liability company, its manager
				
	 	 	 	 	By:	 	/s/    RICHARD A.
MAGNUSON        
	 	 	 	 	 Name:
	 	Richard A. Magnuson
	 	 	 	 	 Title:
	 	CEO
	
	GLOBAL MARSH LIMITED PARTNER, LLC, a Delaware limited liability company
		
	By:	 	Global Marsh Member, LLC, a Delaware limited liability company, its sole member
			
	 	 	By:	 	Global Innovation Partners, LLC, a Delaware limited liability company, its member
				
	 	 	 	 	By:	 	Global Innovation Manager, LLC, a Delaware limited liability company, its manager
				
	 	 	 	 	By:	 	/s/    RICHARD A.
MAGNUSON        
	 	 	 	 	 Name:
	 	Richard A. Magnuson
	 	 	 	 	 Title:
	 	CEO

  

							
	ORIGINAL GUARANTOR:
	
	GLOBAL INNOVATION PARTNERS, LLC, a Delaware limited liability company
		
	By:	 	Global Innovation Manager, LLC, a Delaware limited liability company, its manager
			
	 	 	By:	 	/s/    RICHARD A.
MAGNUSON        
	 	 	 Name:
	 	Richard A. Magnuson
	 	 	 Title:
	 	CEO

  

			
	STATE OF California	 	)
	 	 	) SS:
	COUNTY OF San Francisco	 	)

  
 On this 27th day of
October, 2004, before me, the undersigned, a Notary Public in and for said state, personally appeared Richard Magnuson, personally known to me or proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the
within instrument and acknowledged to me that he/she executed the same in his/her/their capacity(ies), and that by his/her signature on the instrument, the person, or the entity upon behalf of which the person acted, executed the instrument.

  
 IN WITNESS WHEREOF, I hereunto set my hand and official seal.

  

	
	
	/s/    CHRISTOPHER G.
VISGILIO        
	 Notary Public

	
	 (NOTARIAL SEAL)

	
	 My Commission Expires: 2/18/07

  

			
	STATE OF California	 	)
	 	 	) SS:
	COUNTY OF San Francisco	 	)

  
 On this 27th day of
October, 2004, before me, the undersigned, a Notary Public in and for said state, personally appeared Richard Magnuson, personally known to me or proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the
within instrument and acknowledged to me that he/she executed the same in his/her/their capacity(ies), and that by his/her signature on the instrument, the person, or the entity upon behalf of which the person acted, executed the instrument.

  
 IN WITNESS WHEREOF, I hereunto set my hand and official seal.

  

	
	
	/s/    CHRISTOPHER G.
VISGILIO        
	 Notary Public

	
	 (NOTARIAL SEAL)

	
	 My Commission Expires: 2/18/07

  

			
	STATE OF California	 	)
	 	 	) SS:
	COUNTY OF San Francisco	 	)

  
 On this 27th day of
October, 2004, before me, the undersigned, a Notary Public in and for said state, personally appeared Richard Magnuson, personally known to me or proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the
within instrument and acknowledged to me that he/she executed the same in his/her/their capacity(ies), and that by his/her signature on the instrument, the person, or the entity upon behalf of which the person acted, executed the instrument.

  
 IN WITNESS WHEREOF, I hereunto set my hand and official seal.

  

	
	
	/s/    CHRISTOPHER G.
VISGILIO        
	 Notary Public

	
	 (NOTARIAL SEAL)

	
	 My Commission Expires: 2/18/07

  
 SIGNATURES
CONTINUE ON NEXT PAGE 
  

 (AFTER the COMPLETION OF THE TRANSFER): 
  

							
	BORROWER:
	
	GLOBAL MARSH MEMBER, LLC, a Delaware limited liability company
		
	By:	 	Digital Realty Trust, L.P., a Maryland limited partnership, its sole member
			
	 	 	By:	 	Digital Realty Trust, Inc. a Maryland corporation, its general partner
				
	 	 	 	 	By:	 	/s/    MICHAEL F. FOUST        
	 	 	 	 	 	 	 Name:

	 	 	 	 	 	 	 Title:

	
	GLOBAL MARSH LIMITED PARTNER, LLC, a Delaware limited liability company
		
	By:	 	Global Marsh Member, LLC, a Delaware limited liability company, its sole member
			
	 	 	By:	 	Digital Realty Trust, L.P., a Maryland limited partnership, its sole member
				
	 	 	 	 	By:	 	Digital Realty Trust, Inc. a Maryland corporation, its general partner
				
	 	 	 	 	By:	 	/s/    MICHAEL F. FOUST        
	 	 	 	 	 	 	 Name:

	 	 	 	 	 	 	 Title:

	
	REPLACEMENT GUARANTOR:
	
	DIGITAL REALTY TRUST, L.P., a Maryland limited partnership, its member
		
	By:	 	Digital Realty Trust, Inc. a Maryland corporation, its general partner
			
	 	 	By:	 	/s/    MICHAEL F.
FOUST        
	 	 	 	 	 Name:

	 	 	 	 	 Title:

  

			
	STATE OF California	 	)
	 	 	) SS:
	COUNTY OF San Francisco	 	)

  
 On this 27th day of
October, 2004, before me, the undersigned, a Notary Public in and for said state, personally appeared Michael F. Foust, personally known to me or proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the
within instrument and acknowledged to me that he/she executed the same in his/her/their capacity(ies), and that by his/her signature on the instrument, the person, or the entity upon behalf of which the person acted, executed the instrument.

  
 IN WITNESS WHEREOF, I hereunto set my hand and official seal.

  

	
	
	/s/    CHRISTOPHER G.
VISGILIO        
	 Notary Public

	
	 (NOTARIAL SEAL)

	
	 My Commission Expires: 2/18/07

  

			
	STATE OF California	 	)
	 	 	) SS:
	COUNTY OF San Francisco	 	)

  
 On this 27th day of
October, 2004, before me, the undersigned, a Notary Public in and for said state, personally appeared Michael F. Foust, personally known to me or proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the
within instrument and acknowledged to me that he/she executed the same in his/her/their capacity(ies), and that by his/her signature on the instrument, the person, or the entity upon behalf of which the person acted, executed the instrument.

  
 IN WITNESS WHEREOF, I hereunto set my hand and official seal.

  

	
	
	/s/    CHRISTOPHER G.
VISGILIO        
	 Notary Public

	
	 (NOTARIAL SEAL)

	
	 My Commission Expires: 2/18/07

  

			
	STATE OF California	 	)
	 	 	) SS:
	COUNTY OF San Francisco	 	)

  
 On this 27th day of
October, 2004, before me, the undersigned, a Notary Public in and for said state, personally appeared Michael F. Foust, personally known to me or proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the
within instrument and acknowledged to me that he/she executed the same in his/her/their capacity(ies), and that by his/her signature on the instrument, the person, or the entity upon behalf of which the person acted, executed the instrument.

  
 IN WITNESS WHEREOF, I hereunto set my hand and official seal.

  

	
	
	/s/    CHRISTOPHER G.
VISGILIO        
	 Notary Public

	
	 (NOTARIAL SEAL)

	
	 My Commission Expires: 2/18/07Purchase and Sale Agreement, dated as of March 14, 2005,

 Exhibit 10.52 
 PURCHASE AND SALE AGREEMENT 
  
 This Purchase and Sale Agreement (“Agreement”) is made and entered into as of this 14th day of March, 2005 (the “Effective Date”) by and between LAKESIDE PURCHASER, LLC, a Delaware limited liability company (“Seller”) and DIGITAL REALTY TRUST, L.P., a Maryland limited partnership
(“Purchaser”). 
  
 The circumstances underlying the
execution of this Agreement are as follows: 
  
 A.     Seller owns the real estate located at 350 East Cermak Road, Chicago, Illinois, consisting of approximately 5.46 acres and legally described on Exhibit A attached hereto (the “Land”), which is
improved with an eight (8) story commercial building consisting of approximately 1,133,391 square feet (the “Building”), a parking garage with approximately 170 spaces (the “Garage”), and related facilities and access ways,
commonly known as “The Lakeside Technology Center”. 
  
 B.     Seller wishes to sell the Property (as defined herein), together with the Appurtenances and Improvements (as defined herein) located thereon and all Personal Property, Leases, Records, Licenses and Permits,
Contracts and Intangible Personal Property (all as defined herein), all of which Purchaser desires to acquire. 
  
 NOW, THEREFORE, Seller and Purchaser agree as follows: 
  
 ARTICLE 1: DEFINITIONS 
  
 1.1     Definitions. As used in this Agreement, the following terms shall have the meanings provided for them in this Section
1.1 (any term defined in this Section in the plural shall have the comparable meaning in the singular, and vice versa). 
  
 1.1.1     “Actual Knowledge” means (a) with respect to Seller, the actual knowledge of Terence J. Woolfe, Director of
Corporate Real Estate, Seller’s representative having ongoing management oversight with respect to the Property, without inquiry or investigation, and (b) with respect to Purchaser, the actual knowledge of Scott E. Peterson, Purchaser’s
representative having ongoing management oversight with respect to Purchaser’s due diligence review of the Purchased Assets, without inquiry or investigation. 
  
 1.1.2     “Affiliate” means any person or entity that directly, or indirectly through
one or more intermediaries, controls, is controlled by or is under common control with Purchaser or Seller, as the case may be; for the purposes of this definition, “control” means the possession, direct or indirect, of the power to direct
or cause the direction of the management and policies of a person or entity, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” have the meanings correlative
to the foregoing. 
  

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 1.1.3     “Appurtenances” means all of Seller’s right, title
and interest, if any, in and to all air, mineral and riparian rights and all tenements, hereditaments, privileges and appurtenances belonging or in any way appertaining to the Property. 
  
 1.1.4     “Assignment of Contracts” means the document described in Subsection
1.1.38(e). 
  
 1.1.5     “Assignment
of Leases” means the document described in Subsection 1.1.38(d). 
  
 1.1.6     “Business Day” means any day that is not a Saturday, Sunday or other day on which banks are required or authorized by law to be closed in the City of Chicago, Illinois.

  
 1.1.7     “Closing”
means the consummation of the transaction contemplated by this Agreement. 
  
 1.1.8     “Closing Date” means the day on which the Closing shall occur which date shall be a Business Day mutually acceptable to Seller and Purchaser occurring not later than ten
(10) Business Days following the expiration of the Due Diligence Period. 
  
 1.1.9     “Closing Statement” is the document described in Subsection 1.1.38(i). 
  
 1.1.10     “Code” means the Internal Revenue Code of 1986, as amended. 
  
 1.1.11     “Contracts” means all
subsisting contracts and agreements entered into by Seller or Management Company, or under which Seller or Management Company is bound, or has assumed duties and obligations thereunder, associated with, or used in the ownership, maintenance or
operation of, the Property, including personal property leases, and the Flat Fee Agreement with real estate tax counsel (with respect to post-Closing periods), but excluding the Management Agreement (which shall be terminated by Seller), all of
which are identified on Exhibit B attached hereto. 
  
 1.1.12     “Day” means any calendar day of twenty-four (24) hours, including any Business Day. 
  
 1.1.13     “Deposit” is defined in Subsection 3.1.1. 
  
 1.1.14     “Due Diligence Period” means the period beginning on the Effective Date and
ending at 5:00 p.m. California time, on that date that is thirty (30) Days after the Effective Date. 
  
 1.1.15     “Escrow Agent” means the Commonwealth Title Insurance Company. 
  

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 1.1.16     “Existing Confidentiality Agreement” means the
Confidentiality Agreement executed by Purchaser and Seller. 
  
 1.1.17     “Financial Statements” means the unaudited 2003, 2004 year end and year to date 2005 and comparison income statements for the Property delivered, or made available, to Purchaser during the Due
Diligence Period. 
  
 1.1.18    
“Hazardous Substance” has the meaning given in Section 7.1. 
  
 1.1.19     “Improvements” means all buildings, structures and other improvements owned by Seller and located at the Property on the Effective Date, and, to the extent owned by
Seller, all fixtures and all mechanical, heating and air conditioning, electrical and plumbing systems constructed as a part of, and utilized in connection with, and affixed to, such buildings and structures, excluding, however, all trade fixtures
and improvements owned by any Tenants. 
  
 1.1.20     “Intangible Personal Property” means, to the extent owned by Seller and to the extent assignable (a) all unexpired warranties, guaranties and sureties, if any, received by or inuring to the
benefit of Seller in connection with the ownership, improvement, alteration, repair, restoration, replacement, maintenance, operation or use of the Property or any Personal Property or any portion thereof; (b) any and all future awards paid or
payable to Seller in condemnation proceedings relating to all or any portion of the Property which are to be paid from and after the Closing Date; (c) all insurance proceeds payable by reason of any damage to or destruction of the Property or any
Personal Property from and after the Closing Date; (d) all plans, specifications, drawings and other architectural and engineering data relating to the Property in Seller’s possession; (e) all claims and causes of action relating to the design,
construction, maintenance, repair, restoration, replacement, improvement, ownership, use, operation, damage or destruction of the Property, any Personal Property or any other property to be sold to Purchaser pursuant to this Agreement; and (f) all
copyrights, trademarks, service marks, logos and trade names and the internet domain address for the Property, including the name “Lakeside Technology Center”. 
  
 1.1.21     “Leases” means all subsisting leases and all future leases entered into by
Seller in accordance with Subsection 9.1.4 hereunder, under which Seller, as landlord (or having assumed obligations as a landlord) has given rights to occupy any portion of the Property, all of which subsisting leases as of the Effective Date are
set forth on the Rent Roll attached hereto as Exhibit C, with all of the Leases subsisting as of the Closing to be shown on the Updated Rent Roll, and including the assignments, amendments, guarantees, renewals or extensions thereof and
security deposits, rentals or other monetary payments to be made to Seller as landlord pursuant to the terms of such Leases. 
  
 1.1.22     “Licenses and Permits” means, to the extent assignable without consent of third parties, all current
licenses, permits, franchises and other government authorizations and approvals, if any, issued to or inuring to the benefit of any Seller by any state, federal or local municipal authorities relating to the use, occupancy, maintenance or operation
of the Property or any portion thereof. 
  

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 1.1.23     “Management Agreement” means the Commercial Property
Management and Leasing Agreement dated as of August 14, 2001 between Seller and the Management Company for the management of portions of the Property described therein, as the same may have been amended. 
  
 1.1.24     “Management Company” means
Insignia/ESG, Inc. (now known as CB Richard Ellis), solely in its capacity as the manager of the Property pursuant to the Management Agreement. 
  
 1.1.25     “Monetary Encumbrances” is defined in Section 6.1. 
  
 1.1.26     “Permitted Exceptions” means
(a) all Title Exceptions deemed Permitted Exceptions under Section 6.1, (b) all matters shown on the Survey and deemed Permitted Exceptions under Section 6.3; (c) all Contracts; (d) all Leases; (e) any lien for real or personal property taxes
against the Purchased Assets that are not yet due and payable as of the Closing Date and real or personal property taxes and assessments which are the responsibility of Purchaser under Section 4.4 hereof; (f) the rights of parties in possession
pursuant to the Leases described in (d) above; (g) governmental laws, codes, ordinances and restrictions now or hereafter in effect, and (h) such easements, restrictions, rights-of-way, liens, encumbrances, title exceptions or defects as Purchaser
has approved or as Purchaser has been deemed to have approved under the provisions of this Agreement. 
  
 1.1.27     “Personal Property” means, collectively, all machinery, fixtures, equipment, supplies, inventory,
furnishings and other tangible personal property, if any, as may be owned by Seller and located on the Property and used in connection with the operation, repair and maintenance of the Property. 
  
 1.1.28     “Property” means,
collectively the Building, Garage, Land, Improvements, and Appurtenances. 
  
 1.1.29     “Purchased Assets” means (a) the Property; (b) any land lying in the bed of any street, road or avenue adjoining the Land to the centerline thereof, but only to the
extent of Seller’s interest, if any, therein; (c) all easements, whether or not recorded, strips and rights-of-way abutting, adjacent to, contiguous with or adjoining the Land, but only to the extent of Seller’s interest, if any, therein;
(d) the Personal Property; (e) the Intangible Personal Property; (f) all of Seller’s right, title and interest in and to the Licenses and Permits; (g) Seller’s right and interest, if assignable, in all of the Contracts; and (h) all of the
right, title and interest of Seller as the landlord in all Leases. 
  
 1.1.30     “Purchase Price” means the sum of one hundred thirty four million six hundred thousand dollars ($134,600,000.00), as adjusted in accordance with this Agreement. 
  

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 1.1.31     “Purchaser’s Closing Certificate” means a
certificate of Purchaser to be delivered at Closing certifying (a) that Purchaser’s representations and warranties as set forth in this Agreement are, as of the Closing, true, accurate and correct in all material respects, and (b) that
Purchaser has no Actual Knowledge of the breach of any representation or warranty of Seller made in the Seller’s Closing Certificate. 
  
 1.1.32     “Purchaser’s Closing Documents” means the following: 
  
 (a)     the Closing Statement; 
  
 (b)     certificates as to the existence and good
standing of Purchaser and authority of Purchaser to enter into and consummate the transaction contemplated by this Agreement as may be required by the Title Company; 
  
 (c)     the Assignment of Leases; 
  
 (d)     the Assignment of Contracts; 
  
 (e)     Purchaser’s Closing Certificate; and 
  
 (f)     such other instruments, agreements and
documents as are reasonably required by the Title Company to consummate the Closing as herein provided. 
  
 1.1.33     “Records” means all collection and credit records related to the Property, as well as other records and
documents relating to the Purchased Assets, to the extent that such records are owned by and are in the possession or control of Seller or any of its respective agents or employees, but excluding (a) any document or correspondence which would be
subject to the attorney-client privilege and relates to litigation, the Leases or real property taxes applicable to the Property; (b) any documents pertaining to the marketing of the Property for sale to prospective purchasers; (c) any internal
memoranda, reports or assessments of Seller or Seller’s Affiliates relating to Seller’s valuation of the Property; (d) appraisals of the Property whether prepared internally by Seller or Seller’s Affiliates or externally; (e) any
documents or items which are not in Seller’s possession and control; and (f) any materials projecting or relating to the future performance of the Property. 
  
 1.1.34     “Rent Roll” means the rent roll attached hereto as Exhibit C
containing information pertaining to the Leases as of the Effective Date. 
  
 1.1.35     “Required Estoppel Certificates” means estoppel certificates and subordination and non-disturbance and attornment agreements from the Tenants pursuant to the Required
Leases on the forms attached to their respective Leases, or if none are so attached, substantially in the forms of Exhibit G and Exhibit H attached hereto, modified if required to conform to the provisions of the Required Leases, or as
otherwise agreed to by Purchaser, except that no Required Estoppel Certificate shall be deemed defective merely by reason of the fact that a Tenant has qualified any statement contained therein by a “best of knowledge” or similar standard.

  

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 1.1.36     “Required Leases” means the Leases with the three (3)
Tenants leasing the most square footage in the Building as of the Effective Date and seven (7) of the nine (7) Tenants leasing the next most square footage in the Building as of the date hereof. 
  
 1.1.37     “Seller’s Closing
Certificate” means a certificate of the Seller to be delivered at Closing certifying (a) that such Seller’s representations and warranties as set forth in Section 8.1 of this Agreement are, as of the Closing, true, accurate and
correct in all material respects, and (b) the Updated Rent Roll. 
  
 1.1.38     “Seller’s Closing Documents” means the following: 
  
 (a)     a Special Warranty Deed substantially in the form of Exhibit D-1 attached hereto (“Deed”) from the Seller
conveying to Purchaser good and marketable fee simple title to the Property, subject only to those Permitted Exceptions which pertain to the Property; 
  
 (b)     a certificate of non-foreign status substantially in the form attached hereto as Exhibit F signed under penalties of
perjury as of the Closing Date by an officer of El Paso Global Networks Company, the parent of Seller (which is disregarded as an entity separate from El Paso Global Networks Company for federal tax purposes) (i) stating that it is not a foreign
corporation, foreign partnership, foreign trust or foreign estate, (ii) stating that it is not a disregarded entity as defined in Treasury Regulation §1.1445-2(b)(2)(iii), (iii) providing its U.S. Employer Identification Number, and (iv)
providing its address, all pursuant to Section 1445 of the Code; 
  
 (c)     (i) a Warranty Bill of Sale substantially in the form of Exhibit D-3 attached hereto (“Warranty Bill of Sale”) from Seller transferring and assigning to Purchaser Seller’s interest in the
Personal Property with warranty of title and against encumbrances, but without warranty, express or implied, as to the condition, marketability or fitness for a particular purpose, and (ii) a Bill of Sale in the form of Exhibit D-4 attached
hereto, without warranty of title, from Seller transferring and assigning such Seller’s interest in any Intangible Personal Property, Licenses, Permits, and Records, to the extent the same are assignable; 
  
 (d)     an assignment and agreement of assumption in
the form of Exhibit D-5 attached hereto (“Assignment of Leases”) from Seller to Purchaser transferring to Purchaser the landlord’s right, title and interest in, to and under the Leases subsisting at Closing, as identified on
the Updated Rent Roll; 
  
 (e)     an
assignment and agreement of assumption in the form of Exhibit D-6 attached hereto (“Assignment of Contracts”) from Seller to Purchaser transferring to Purchaser Seller’s interest in the Contracts and any contracts entered into
pursuant to Subsection 9.1.3 to which Purchaser has provided its written consent or has otherwise agreed to assume and 

  

 6 

 
accept, but excluding any Contracts which have terminated by their terms prior to the Closing Date, with an agreement by Purchaser to assume all obligations
of Seller that may arise under such Contracts from and after the Closing Date; 
  
 (f)     an assignment of each letter of credit held by Seller as security deposits under a Lease, along with the original letter of credit (and Purchaser shall receive a credit at Closing
equal to the transfer fee for each such letter of credit to the extent the applicable Tenant is not required to pay such fee); 
  
 (g)    a closing statement (“Closing Statement”) providing for the payment of the Purchase Price by Purchaser and detailing
the prorations and adjustments to the Purchase Price required under this Agreement; 
  
 (h)    a written notice of the acquisition of the Property by Purchaser, signed by Seller, which either Purchaser or Seller may duplicate in sufficient copies for transmittal to all Tenants and to
all other parties affected by the sale and purchase of the Property pursuant to this Agreement, including the parties affected by the assignment to Purchaser of the Contracts, advising the addressee of the sale and transfer of the Purchased Assets
and containing appropriate instructions relating to the payment of future rentals, the giving of future notices and the responsibility of Purchaser under the Leases, Contracts, Licenses and Permits, and all other matters following the Closing;

  
 (i)     a “bulk sales
release” sufficient to release Purchaser from any withholding requirements and tax liability under Section 902(d) of the Illinois Revenue Code or an indemnity reasonably satisfactory to Purchaser in lieu thereof which indemnity will be released
upon delivery of appropriate releases; 
  
 (j)     a broker’s lien waiver and a property manager’s lien waiver in form sufficient to cause the Title Company to remove any exceptions raised for the lien of any broker or property manager; 

 
 (k)    a title insurance policy or marked up Title
Commitment in the form required under Section 6.2; 
  
 (l)     Seller’s Closing Certificate (including the Updated Rent Roll); 
  
 (m)   the Leases, Contracts and Records, as well as keys to the Property (except that such materials may be provided by delivering such
materials promptly following the Closing); and 
  
 (n)    such other instruments, agreements and documents as are reasonably required by the Title Company to consummate the Closing as herein provided. 
  

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 1.1.39     “Seller Sharing Agreement” means an agreement regarding
sharing future rentals at the Property entered into by Purchaser and Seller dated March 14, 2005, but whose effectiveness is contingent upon the Closing. 
  
 1.1.40     “Special Warranty Deed” is defined in Subsection 1.1.38(a). 
  
 1.1.41     “Survey” means a survey,
certified to Seller, Purchaser and to the Title Company, and legal description of the Property that is prepared by Gremely & Biedermann Surveyors that conforms to the most recently adopted Minimum Standard Detailed Requirements for ALTA/ACSM
Land Title Surveys, including Table A, Items 1, 2, 3, 4, 7(a), 7(b)(1), 8, 9, 10, 11(a), 14, 15 and 16. 
  
 1.1.42     “Survey Defects” is defined in Section 6.3. 
  
 1.1.43     “Tax Agreement” means an agreement regarding real estate taxes at the
Property entered into by Purchaser and Seller dated March 14, 2005, but whose effectiveness is contingent upon the Closing. 
  
 1.1.44     “Title Commitment” means a commitment to be issued for an ALTA 1970 Form B Owner’s policy of title
insurance in form and substance acceptable to Purchaser in its sole discretion (containing the endorsements requested by Purchaser) with insurance in the amount of the Purchase Price issued by the Title Company relating to the Property committing
the Title Company to issue such title policy to Purchaser at Closing with no exceptions other than the Permitted Exceptions. 
  
 1.1.45     “Title Company” means Commonwealth Title Insurance Company, 888 West Sixth Street, Los Angeles, CA 90017,
Attention: Don Hallman. 
  
 1.1.46    
“Title Exceptions” is defined in Section 6.1. 
  
 1.1.47     “Updated Rent Roll” means a rent roll in the same form as the Rent Roll and containing, if applicable, any new information respecting the Leases identified on the Rent Roll and any new Leases,
which Updated Rent Roll shall be delivered and certified by Seller to Purchaser on the Closing Date on Seller’s Closing Certificate as complete and correct as of the Closing Date. 
  
 1.1.48     “Utilities” means all public utilities, including, but not limited to
electricity, telephone, gas, water and sewer services, that are metered at the Property. 
  
 1.1.49     “Warranty Bill of Sale” means the document described in Subsection 1.1.39(c)(i). 
  

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 ARTICLE 2: COVENANT TO SELL
AND TO PURCHASE 
  
 2.1    Sale of the
Purchased Assets. Subject to the terms and conditions of this Agreement, and for the consideration herein set forth, Seller agrees to sell and transfer to Purchaser Seller’s right, title and interest in and to the Purchased Assets, and
Purchaser agrees to purchase and acquire the Purchased Assets from Seller. 
  
 2.2    As-Is Purchase. EXCEPT AS EXPLICITLY PROVIDED IN SELLERS’ CLOSING DOCUMENTS OR IN SECTIONS 8.1 OR 9.1 OR ELSEWHERE IN THIS AGREEMENT, PURCHASER AGREES TO PURCHASE THE PURCHASED
ASSETS IN THEIR “AS-IS”, “WHERE-IS” CONDITION AND “WITH ALL FAULTS” AS THEY EXIST ON THE CLOSING DATE, WITH NO WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, EITHER ORAL OR WRITTEN, MADE BY SELLER OR ANY AGENT OR
REPRESENTATIVE OF SELLER. NEITHER SELLER NOR ANY MEMBER, OFFICER, PERSON, FIRM, AGENT OR REPRESENTATIVE PURPORTING TO REPRESENT SELLER, HAS ASSUMED ANY RESPONSIBILITY WITH RESPECT TO THE CONDITION OR REPAIR OF THE PURCHASED ASSETS EXCEPT AS SET
FORTH IN ARTICLE 9. PURCHASER ACKNOWLEDGES THAT SELLER HAS REQUESTED THAT PURCHASER INSPECT, OR CAUSE TO BE INSPECTED, THE PURCHASED ASSETS, AND INVESTIGATE ALL MATTERS RELEVANT THERETO, UP TO AND INCLUDING THE DATE SET FOR CLOSING. IT IS
SELLER’S INTENT THAT BY AFFORDING PURCHASER ACCESS TO THE PURCHASED ASSETS AND ALL MATTERS RELEVANT THERETO, PURCHASER WILL HAVE A FULL OPPORTUNITY TO CONSIDER THE INFORMATION ABOUT THE PURCHASED ASSETS. TO THE EXTENT THAT PURCHASER IS EXPECTED
TO REVIEW OR WILL HAVE REVIEWED THE PURCHASED ASSETS AND ALL MATTERS RELEVANT THERETO, EXCEPT AS EXPRESSLY PROVIDED FOR IN THIS AGREEMENT, SELLER MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS, METHODOLOGY OF
PREPARATION OR OTHERWISE CONCERNING THE CONTENT OF SUCH MATERIALS. THE PROVISIONS OF THIS SECTION 2.2 SHALL SURVIVE THE CLOSING OR ANY TERMINATION OF THIS AGREEMENT AND SHALL NOT MERGE WITH THE SPECIAL WARRANTY DEED OR OTHER CONVEYANCE OF THE
PURCHASED ASSETS AT CLOSING. 
  
 2.3    Conveyance of Title. Seller agrees to convey, and Purchaser agrees to accept title to the Property by Special Warranty Deed, subject only to the Permitted Exceptions affecting such portions of the Purchased
Assets, and Seller agrees to convey title to the Personal Property by Warranty Bill of Sale with warranty of title and against encumbrances, but without warranty, express or implied, as to the condition, marketability or fitness for a particular
purpose of such Personal Property. 
  

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 ARTICLE 3: DEPOSIT AND PURCHASE PRICE 
  
 3.1    Payment of the Deposit, etc. Purchaser shall pay the Purchase Price to Seller as follows:

  
 3.1.1     Within one (1) Business Day of
the Effective Date, Purchaser shall deliver to Escrow Agent an amount equal five hundred thousand dollars ($500,000.00) (such amount, together with any interest accrued thereon, being herein referred to as the “Deposit”). If Purchaser
elects to terminate this Agreement before the end of the Due Diligence Period for any reason other than a material default by Seller under this Agreement, two hundred fifty thousand ($250,000.00) of the Deposit shall be returned to Purchaser and the
balance of the Deposit paid to Seller. If this Agreement is terminated by Purchaser after the end of the Due Diligence Period other than pursuant to a specific termination right granted to Purchaser in this Agreement, the Deposit shall be paid to
Seller, provided (a) Seller is not then in material default hereunder, or (b) no event has occurred which would prevent the conditions set forth in Section 13.2 from being fulfilled. If Purchaser terminates (either before or after the end of the Due
Diligence Period) and either (x) Seller is in material default, or (b) one of the conditions set forth in Section 13.2 cannot be met, then the Deposit shall be paid to Purchaser (except that if the condition which cannot be met is that the Title
Company will not issue an endorsement required by Purchaser, then Seller shall be paid two hundred fifty thousand ($250,000.00) of the Deposit and Purchaser shall be paid the balance). At Closing, the Deposit shall be delivered to Seller.

  
 3.1.2     At Closing, Purchaser shall pay
the Purchase Price (a) minus the sum of the amount of the Deposit (which shall be paid to Seller), and (b) plus or minus the amounts of the apportionments made pursuant to Article 4 which shall be reflected in the Closing Statement to be executed by
the parties at Closing. Such amount of the Purchase Price, as so adjusted, shall be paid by wire transfer of immediately available funds consisting of United States currency to a bank account designated by the Title Company. 
  
 ARTICLE 4: COSTS, ADJUSTMENTS AND APPORTIONMENTS 
  
 4.1    Purchaser’s Closing Costs. Purchaser
shall pay the following costs: 
  
 4.1.1    
the fees and disbursements of Purchaser’s counsel, inspecting architects, engineers, environmental consultants and other consultants incurred by Purchaser in inspecting or evaluating the Purchased Assets or any aspect of the transaction
contemplated by this Agreement; 
  
 4.1.2    
one-half (1/2) of any closing charge or escrow fees charged by Escrow Agent, if any, in connection with the transaction contemplated by this Agreement; 
  
 4.1.3     any premium charges for any zoning endorsement to the title policy to be issued pursuant to the Title Commitment or any
additional premiums for any other special endorsements or for any lenders’ or mortgagees’ policies of title insurance; 
  

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 4.1.4     any recording fees incurred in connection with the recording of the Special
Warranty Deed and any other document delivered by Seller to Purchaser in connection with this transaction; and 
  
 4.1.5     one-half (1/2) of all State of Illinois, County of Cook and City of Chicago real estate transfer, stamp or documentary taxes
in connection with the conveyance of the Property to Purchaser pursuant to this Agreement. 
  
 4.2    Sellers’ Closing Costs. Seller shall pay the following costs: 
  
 4.2.1     the fees and disbursements of Seller’s counsel; 
  
 4.2.2     all sales or use taxes relating to the transfer of the Personal Property to Purchaser;

  
 4.2.3     one-half (1/2) of any closing
charge or escrow fee charged by the Escrow Agent, if any, in connection with the transaction contemplated by this Agreement; 
  
 4.2.4     the title insurance premium for the title policy in the form described in Article 6, excluding any endorsements other than
the deletion of the standard exceptions; 
  
 4.2.5     the cost to recertify the initial survey provided by Seller; 
  
 4.2.6     one-half (1/2) of all State of Illinois, County of Cook and City of Chicago real estate transfer, stamp or documentary taxes
in connection with the conveyance of the Property to Purchaser pursuant to this Agreement; and 
  
 4.2.7     the cost of the initial survey provided by Seller. 
  
 4.3    Other Closing Costs. Any other costs or charges incurred by Seller or Purchaser in
connection with the Closing and not specifically described in this Agreement shall be paid in accordance with local custom in Chicago, Illinois. 
  
 4.4    Taxes and Assessments. 
  
 4.4.1     Any real estate, including any special assessments, or personal property taxes for the Property which first become both due
and payable on or before the Closing Date shall be paid by Seller on or before Closing. Current taxes shall be prorated and adjusted as of the Closing Date on a cash basis. For example, if Closing occurs on March 31, 2005, then Seller shall be
responsible for three twelfths (3/12) of the 2004 taxes which are payable in 2005. To the extent that Seller has paid the entire cash amount of the first half of 2004 taxes due in March, 2005, then Buyer will credit to the Seller one half (1/2) of
such taxes paid in March, 2004. Not withstanding the foregoing, if real estate taxes reimbursements from any Tenant are collected on an accrual basis, the real estate taxes applicable to such Tenant shall be prorated on an accrual basis. 

 

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 4.4.2     Claims for tax refunds or like payments pertaining to periods for which
real estate taxes were payable prior to the Closing Date shall be retained by Seller, and shall remain the sole property of Seller, irrespective of when recovered, subject to any reimbursement obligation to Tenants. Claims for tax refunds or like
payments pertaining to the real estate taxes payable in the year in which the Closing occurs shall be prorated on the same basis as the taxes for such year, after deducting the reasonable costs of obtaining the same, and the appropriate amount shall
be remitted by Seller or Purchaser to the other upon collection of the same, subject to any reimbursement obligation to Tenants. Purchaser shall control the handling of any real estate tax protest or proceeding for periods from and after the Closing
(including the year of the Closing). Purchaser agrees to consult with Seller before making any decisions which affect any period for which Seller is responsible for any portion of the real estate taxes. Seller agrees to consult with Purchaser before
making any decisions which affect any period for which Purchaser is responsible for any portion of the real estate taxes. 
  
 4.5     Utilities. Seller shall endeavor to have the respective companies providing the Utilities read the meters for the
Utilities on or immediately prior to the Closing Date. Seller shall be responsible for all charges based on such final meter readings, and Purchaser shall be responsible for all charges thereafter. If such readings are not obtainable, then, until
such time as readings are obtained, charges for all Utilities for which readings were not obtained shall be prorated as of the Closing Date based upon the per diem rate obtained by using the last period and bills for such Utilities that are
available. Upon the taking of a subsequent actual reading, such apportionment shall be adjusted to reflect the actual per diem rate for the billing period in which the Closing Date falls, and Seller or Purchaser, as the case may be, shall promptly
deliver to the other the amount determined to be due upon such adjustment. 
  
 4.6     Contracts. Amounts payable by Seller under Contracts shall be prorated as of the Closing Date on a per diem basis, and Purchaser or Seller, as the case may be, shall receive a credit
at Closing to the extent such credit can be determined as of the Closing Date, or if such credit cannot be determined as of the Closing Date, Seller or Purchaser, as the case may be, shall remit to the other party or parties such amounts invoiced
after the Closing Date for the periods prior to the Closing Date. Amounts due under the Flat Fee Agreement with real estate tax counsel (to the extent not payable by Tenants) shall be prorated as of the Closing Date so that Seller is responsible for
amounts due with respect to taxes for the Property which first become both due and payable on or before the Closing Date and Purchaser responsible for amounts due with respect to taxes for the Property which first become both due and payable after
the Closing Date. In the case of the Flat Fee Agreement with real estate tax counsel, the Assignment of Contracts shall provide that Seller shall retain the right to direct and control the performance of services under such Flat Fee Agreement to the
extent that they relate to claims for refunds of real estate taxes due and payable prior to the Closing Date as set forth in Section 4.4.2. 
  

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 4.7     Rent and Expense Reimbursements. 
  
 4.7.1     Rent payments under all Leases and any other
payments received by Seller from Tenants pursuant to the terms of the Leases prior to the Closing Date, including such payments that may have been prepaid, shall be prorated on a daily basis and apportioned based upon the actual number of days for
the period for which such payment was made to the end that Seller shall be entitled to retain all rent and other payments paid for any period prior to the Closing Date and Purchaser shall be entitled to any prepayments of rent or other payments
allocated to the period on and after the Closing Date. 
  
 4.7.2     Rent and other payments due under the Leases that are due and payable but uncollected as of the Closing Date shall be apportioned if and when collected by any party. All such payments received by Seller
subsequent to the Closing Date shall be paid by Seller to Purchaser. Any such payments that are delinquent as of the Closing Date, if collected by Purchaser, or if collected by Seller and paid to Purchaser, as provided in the immediately preceding
sentence, shall be remitted by Purchaser to Seller to the extent they pertain to periods prior to the Closing Date, provided that (a) the relevant Tenant or third party has paid to Purchaser all such payments due and payable from such Tenant or
third party, or (b) the applicable Tenant or third party makes the applicable payments in payment of its past due obligation or otherwise acknowledges it is making payment of past due payments; provided, however, that in the event of a payment by
such a Tenant or third party without an indication of the payment’s application, it shall be assumed that such Tenant or third party is making no more than one (1) month’s advance prepayment, and any amount in excess of such amount shall
be automatically deemed to be a payment of past due obligations. Purchaser shall use reasonable, good faith efforts to collect and promptly remit to Seller, subject to the immediately preceding sentence, such payments paid or payable under the
Leases that are delinquent as of the Closing Date or any other amounts due Seller with respect to the period prior to Closing, and Purchaser shall not waive or discharge any such delinquent payments. Nothing herein contained is intended to obligate
Purchaser to institute any action against any Tenant or to exercise any remedy against any Tenant that would terminate such Tenant’s tenancy. Notwithstanding the foregoing, if Purchaser has not collected and remitted to Seller all delinquent
payments on or before the date one hundred twenty (120) days after the Closing Date or has not paid to Seller the amount thereof on or before such date, Seller shall thereafter have the right, in its sole discretion, to pursue such remedies as
Seller may have at law or in equity (including, without limitation, an action in contract) against the relevant Tenant or third party (provided that, in the case of Tenants, the delinquency appeared on an aging report delivered to Purchaser at
Closing and in no event shall Seller be entitled after the Closing Date to institute any action to evict any Tenant or to exercise any remedy against any Tenant that would terminate such Tenant’s tenancy). This Subsection 4.7.2 shall survive
the Closing. 
  
 4.7.3     Purchaser shall be
responsible for preparing any required expense pass through reconciliation with Tenants for the calendar year in which the Closing occurs. Purchaser shall deliver a copy of such reconciliation to Seller promptly following its preparation and shall

  

 13 

 
provide to Seller all back up information requested by Seller. Seller shall remit to Purchaser for delivery to the applicable Tenants such amounts, if any,
shown as due and owing by Seller to them for the periods prior to the Closing Date. Purchaser shall use reasonable efforts to collect from the applicable Tenants and remit to Seller such amounts, if any, shown as due and owing by them to Seller for
the periods prior to the Closing Date. Nothing herein contained is intended to obligate Purchaser to institute any action against any Tenant or to exercise any remedy against any Tenant that would terminate such Tenant’s tenancy.
Notwithstanding the foregoing, if Purchaser has not collected and remitted to Seller all such amounts on or before the date one hundred twenty (120) days after the date due or has not paid to Seller the amount thereof on or before such date, Seller
shall thereafter have the right, in its sole discretion, to pursue such remedies as Seller may have at law or in equity (including, without limitation, an action in contract) against the relevant Tenant or third party (provided that, in the case of
Tenants, the delinquency appeared on an aging report delivered to Purchaser at Closing and in no event shall Seller be entitled after the Closing Date to institute any action to evict any Tenant or to exercise any remedy against any Tenant that
would terminate such Tenant’s tenancy). This Subsection 4.7.3 shall survive the Closing. 
  
 4.8     Other Income and Expenses. All other income from, and expenses of, the Property, including but not limited to public utility charges, interest, maintenance charges, and service
charges, shall be prorated as of the Closing Date. To the extent that information for any such proration is not available at the Closing, the parties shall effect such proration within the earlier of ninety (90) days after Closing or thirty (30)
days after the information first becomes available. 
  
 4.9     Security Deposits. Purchaser shall be entitled to a credit against the Purchase Price for the aggregate amount of any cash security deposits held by Seller as of the Closing Date with respect to the
Leases. Seller shall promptly notify Purchaser if it applies any security deposit to the obligations of the applicable Tenant before the end of the Due Diligence Period and shall not have the right to apply any security deposit to the obligations of
the applicable Tenant after the end of the Due Diligence Period. 
  
 4.10     Leasing Commissions. Seller shall pay all leasing or broker’s commissions that have accrued before the Closing Date in connection with any of the Leases, provided, however, that notwithstanding the
foregoing, commissions which conform to the immediately succeeding sentence and are payable under any Leases executed after the Effective Date and prior to the Closing Date which are in full force and effect on the Closing Date shall be
Purchaser’s sole responsibility, provided, however, that Purchaser has approved of such new Leases and the amount and terms of the commissions as provided herein. Purchaser shall be responsible for all commissions due Seller’s leasing
agent with respect to leases entered into after the Closing Date to the extent Seller would be liable for such a commission pursuant to the first sentence of Section 2.5 of the Management Agreement. This Section 4.9 shall survive the Closing.

  

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 4.11     Adjustments Following Closing. In the event that final calculations
cannot be made for any expense item at Closing, Purchaser and Seller shall estimate the proration at Closing and shall reprorate such items as soon as adequate information is available. Payments in connection with the final adjustments shall be made
by Seller or Purchaser, as the case may be, within ten (10) Business Days after notice. This Section 4.10 shall survive the Closing. 
  
 ARTICLE 5: DUE DILIGENCE INSPECTION 
  
 5.1     Purchaser’s Inspection Rights. 
  
 5.1.1     During the Due Diligence Period, Purchaser, or its designees, at Purchaser’s sole risk,
cost and expense, shall have the right to enter upon the Property accompanied, at Seller’s election, by an agent of Seller. Upon not less than three (3) Business Day’s prior notice, Purchaser shall notify Seller of its intent to conduct
any such inspections (except that only one business day’s notice shall be required for the inspection of documents), and Seller may elect to accompany Purchaser or its agents at such inspection, however, so long as Purchaser has given the
aforesaid notice, Purchaser may enter the Property during reasonable business hours, subject to the rights of Tenants or other occupants of the Property, to make, subject to the terms of Article 7 hereof, physical inspections and tests of the
Property and Personal Property, including, without limitation, environmental inspection and tests, structural, mechanical, systems or plans and specifications in relation thereto, regardless of whether Seller or its agents accompany Purchaser or its
agents. In exercising its rights under this Section 5.1, Purchaser shall (a) take reasonable steps to avoid terminating or otherwise adversely affecting any warranty applicable to the Property, and (b) use its reasonable good faith efforts not to
interfere with the Tenants or other occupants of the Property, or the operations of the Property, and Purchaser shall indemnify and hold harmless Seller, Management Company, El Paso Corporation, and EP Connect, L.L.C. from any losses, costs,
damages, expenses, judgments, penalties, liabilities or obligations arising out of or in any way incurred in connection with Purchaser’s or its agents’, employees’, contractors’ or representatives’ physical or environmental
inspection of the Property, including, without limitation, legal fees and expenses; provided, however, that Purchaser shall have no liability for existing conditions discovered by Purchaser at the Property in connection with its inspections pursuant
to this Section 5.1, except as otherwise provided in this Agreement. Purchaser shall not permit any construction or mechanics’ liens to be placed upon the Property and shall hold Seller harmless from any losses, claims or causes of action
resulting from any construction or mechanics’ lien claims, including, without limitation, legal fees and expenses. Purchaser shall maintain general liability insurance covering its operations in connection with its inspections and
indemnifications under this Section 5.1 against bodily injury and property damage with a minimum combined limit of five million dollars ($5,000,000) per occurrence. Such insurance shall name Seller as additional insured, and copies of
Purchaser’s insurance policy or certificates acceptable to Seller, with the coverages required hereby, shall be promptly delivered to Seller upon request. Purchaser shall promptly restore, to conditions existing on the Effective Date, any
damage to the Property caused by such inspections and, notwithstanding anything to the contrary in this Agreement, such obligation to indemnify Seller and to restore the Purchased Assets shall survive Closing or the termination or cancellation of
this Agreement. 
  

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 5.1.2     Subject to any applicable disclosure restrictions pursuant to Section 5.2,
Seller shall, within five (5) Business Days after the Effective Date, make available for review and copying, at Seller’s home offices, at the Property or at the office of the Management Company, all Records in the possession or control of
Seller, Management Company or their respective employees, or if reasonably requested by Purchaser, in writing, Seller shall, in good faith, attempt to secure any of the foregoing in the possession or control of Seller’s current agents or
representatives which pertain to the operation of the Property. Seller may make certain Records available electronically or on a compact disc. 
  
 5.2     Confidentiality . 
  
 5.2.1     The results of Purchaser’s inspections shall be kept strictly confidential, and shall be deemed to be Confidential
Information, pursuant to the terms of the Existing Confidentiality Agreement, provided, however, that such Confidential Information and other results of Purchaser’s inspection notwithstanding anything contained in the Existing Confidentiality
Agreement to the contrary, may be disclosed to Purchaser’s partners, agents, officers or employees, as well as its legal counsel, accounting firms, the Securities and Exchange Commission, financial institutions, government authorities (subject
to the provisions of Section 5.2.2), mortgagees and their real estate and mortgage brokers, investors, consultants and contractors (so long as the aforesaid nongovernmental parties also execute a confidentiality agreement similar to the Existing
Confidentiality Agreement) whom Purchaser shall inform of the confidential nature of any such information. The terms of Section 5.2 shall survive any termination or cancellation of this Agreement for a period coterminous with the Existing
Confidentiality Agreement; provided, however, that notwithstanding anything contained in the Existing Confidentiality Agreement to the contrary, for the same coterminous period, Purchaser may disclose such Confidential Information and other results
of its inspections of the Purchased Assets to any person(s) so long as such person(s), other than governmental parties, execute a confidentiality agreement in substantially the same form as the Existing Confidentiality Agreement (naming Seller as
beneficiaries thereof) and copies of such are delivered to Seller. 
  
 5.2.2     Purchaser shall keep confidential the nature and the results of all its work related to the environmental condition of the Property and shall not disclose any matter related to inspections, tests, surveys, and
studies to any third party, whether or not the transaction contemplated herein is closed, except as otherwise provided in Section 5.2.1 hereof or as otherwise provided below. Except as expressly provided herein, prior to the Closing, all reports or
other submittals to governmental agencies regarding the environmental condition of the Property shall be made by Seller and not by Purchaser. However, notwithstanding anything herein contained to the contrary, in the event Purchaser is required to
disclose any such information to any governmental entity pursuant to applicable law, or to any other third party pursuant to any hazard communication standard or other occupational health or safety standard 

  

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as required by state or federal law or regulations, prior to disclosing the same, Purchaser shall notify Seller in writing and provide Seller with copies of
all information which Purchaser intends to so disclose. To the extent reasonably possible, such notice and information shall be provided to Seller by Purchaser in writing at least five (5) Business Days prior to the disclosure of same to any such
governmental entity. Seller shall be given the right to attend and participate in any meeting Purchaser may have with any such governmental entity regarding the Property. 
  
 5.2.3     No party shall make any press release or other public announcement regarding
the matters contained in this Agreement or the negotiation or execution of this Agreement without the prior consent of the other party prior to Closing unless required by law (in which case the party may make the required disclosure and an
accompanying press release but shall consult with the other party before doing so). 
  
 5.3      Purchaser’s Right to Terminate. If on or prior to the expiration of the Due Diligence Period, Purchaser has decided, in its sole and absolute discretion, not to purchase the
Purchased Assets for any reason whatsoever or no reason, Purchaser shall, in writing, notify Seller and Escrow Agent of its decision, and upon such notice duly given under this Agreement, this Agreement shall terminate, except that those provisions
which by their terms are expressly required to survive shall survive such termination. If no such notice is received prior to the expiration of the Due Diligence Period, Purchaser shall be deemed to have elected to proceed to Closing in accordance
with the terms of this Agreement. Within ten (10) days following any election by Purchaser to terminate this Agreement, Purchaser shall deliver to Seller, without representation or warranty, copies of all third party final written inspection reports
in its possession or control or in the possession or control of its members, officers, employees, agents, as well as its legal counsel, accounting firms, and financial institutions, which have been obtained or generated in connection with
Purchaser’s inspections, which obligation shall survive the termination of this Agreement. 
  
 ARTICLE 6:      TITLE AND SURVEY 
  
 6.1      Title Commitment. Seller has made available to Purchaser a title commitment, together with legible copies of all documents listed in such title commitment as exceptions to title
(“Title Exceptions”). Promptly following the Effective Date, Purchaser shall order the Title Commitment. Any mortgage or other encumbrance entered into by Seller which secures the payment of money or any lien claim arising from the actions
of Seller is herein referred to as a “Monetary Encumbrance”. All matters and exceptions shown in the Title Commitment (other than Permitted Exceptions of the type described in clauses (a) through (h) of the definition of Permitted
Exceptions) and not objected to in writing by Purchaser within twenty (20) Days following the Effective Date shall be deemed to be Permitted Exceptions which may be shown on the final title policy. Seller shall pay and discharge (or in the case of
mechanics’, materialmen’s or other statutory liens, provide a bond or other assurances in form reasonably satisfactory to Purchaser covering the payment or discharge) all Monetary Encumbrances at or before Closing so as to be deleted from
the title policy to be issued at Closing pursuant to the Title Commitment. If 

  

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Purchaser delivers a written objection to any other title matter or exception within the aforesaid twenty (20) Day period, then Seller shall, within five (5)
Days thereafter, notify Purchaser in writing of which objections Seller will attempt to cure and Seller shall have twenty (20) Days from the date of receipt of Purchaser’s notice of objection in which to cure such objections and to cause the
Title Commitment to be reissued or updated to reflect that such claimed defects have been cured or will be removed or insured over in the title policy in a manner satisfactory to Purchaser. Except for the Monetary Encumbrances which Seller has
agreed to pay and discharge or assure the payment and discharge as provided above, Seller shall have no obligation to cure any title objection and shall have no obligation to expend any monies to cure same, and any failure to pay, discharge or cure
any title objection shall not be or be deemed to be a breach of this Agreement by Seller. If Seller fails to cure all such objections that are timely made by Purchaser within the twenty (20) Day period referred to above, then Purchaser shall be
entitled, at Purchaser’s option, to either (a) proceed with the transaction and accept conveyance expressly subject to the title matter which was the subject of the objection, which shall then be deemed a “Permitted Exception”, or (b)
terminate this Agreement by notice in writing to Seller within five (5) Days after the expiration of the twenty (20) Day period. Failure of Purchaser to give such notice of termination in writing within such five (5) Day period shall be deemed an
election to so proceed with the purchase, subject to the satisfaction or waiver of the other contingencies contained in this Agreement. If any exceptions to title first appear of record after the Title Commitment is issued and prior to the Closing
Date, Purchaser and Seller shall follow the procedures specified herein except that Purchaser shall have two (2) days from the date it has knowledge of the exception to object, Seller shall have two (2) days to elect whether it will cure and five
(5) days to complete such cure and Purchaser shall have two (2) days from notice that Seller will not or cannot cure to make its election; the Closing Date shall be postponed, if necessary, to complete such steps. 
  
 6.2      Issuance of Coverage. At the Closing,
Seller shall cause to be delivered to Purchaser (a) a title insurance policy with extended coverage (but, with respect to unrecorded liens, only over liens arising from contracts entered into by Landlord) issued by the Title Company as of the
Closing Date providing the owner’s coverages and in the amounts and having the terms and conditions required by this Agreement, or (b) in lieu thereof, the Title Commitment marked up and signed by the Title Company in which the Title Company
undertakes to issue such title insurance. 
  
 6.3
     Survey. Seller has delivered a survey to Purchaser. Promptly following the Effective Date, Purchaser shall order the Survey and provide the surveyor with a copy of the Title Commitment and copies of all documents
listed in such Title Commitment as exceptions to title. If the Survey shows an encroachment or shows any matter which is not acceptable to Purchaser (a “Survey Defect”), Purchaser, within twenty (20) Days from the Effective Date, may
deliver to Seller written notice of any Survey Defect to which it objects or Purchaser shall be deemed to have waived any right to such objection. Seller shall, within five (5) Days thereafter, notify Purchaser in writing of which objections Seller
will attempt to cure and Seller have twenty (20) Days following the date of receipt of Purchaser’s notice of objections, if any, to cure such Survey 

  

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Defect(s) or to cause the Title Company to commit to insure over such Survey Defect(s) in a manner reasonably satisfactory to Purchaser; provided, however,
Seller shall have no obligation to cure any Survey Defect and shall have no obligation to expend any monies to cure same. If Seller fails to do so, Purchaser may, within five (5) Days after the end of such twenty (20) Day period, elect to either
terminate this Agreement by delivering written notice thereof to Seller within said five (5) Day period or be deemed to have accepted the Property “as-is” and proceed to consummate the transaction under this Agreement, subject to the
satisfaction or waiver of the other contingencies contained herein. If any Survey Defects first appear after the date of the Survey and prior to the Closing Date, Purchaser and Seller shall follow the procedures specified herein except that
Purchaser shall have two (2) days from the date it has knowledge of the Survey Defect to object, Seller shall have two (2) days to elect whether it will cure and five (5) days to complete such cure and Purchaser shall have two (2) days from notice
that Seller will not or cannot cure to make its election; the Closing Date shall be postponed, if necessary, to complete such steps. All Survey Defects to which Purchaser makes no objection or which Purchaser accepts or has been deemed to have
accepted, shall, at Closing, be deemed “Permitted Exceptions”. 
  
 6.4      Discharges. Seller shall, at its expense, on or before Closing, cause any financing statements, tax liens and or judgments covering the Purchased Assets other than the Property (as
shown on any UCC, tax lien or judgment search, a copy of which shall be delivered by Purchaser to Seller at Purchaser’s expense not later than twenty (20) Business Days prior to the Closing Date) to be terminated, discharged or bonded over at
Closing. If Purchaser causes an update of searches which reflects any new financing statement, tax lien or judgment, Seller may postpone the Closing, without any additional expense to Purchaser, for not more than five (5) Business Days to obtain a
termination or discharge of such new item. 
  
 ARTICLE 7:
ENVIRONMENTAL REVIEW, DISCLOSURE, DISCLAIMER, ASSUMPTION OF LIABILITY, AND RELEASE 
  
 7.1      Information, Definitions of Environmental Terms. Within five (5) Business Days after the Effective Date, Seller shall make available to Purchaser all surveys and reports, if any, in
the possession of Seller regarding the environmental condition of the Property, including, but not limited to, any reports pertaining to the former presence and/or removal of any underground storage tanks, and/or current or historic presence on the
Land or Improvements of Hazardous Substances. A “Hazardous Substance” for purposes of this Agreement shall mean asbestos or asbestos-containing products, polychlorinated biphenyls, petroleum or petroleum based products, or any substance or
material defined or designated as hazardous or toxic waste, hazardous or toxic material, a hazardous, toxic or radioactive substance, a contaminant, or other similar term, by any federal, state or local environmental statute, regulation or ordinance
presently in effect, including, but not limited to, the Resource Conservation and Recovery Act, 42 U.S.C. §6901 et seq., and the Comprehensive Environmental Response, Compensation and Liability Act, as amended, 42 U.S.C.
§9601 et seq. Seller shall make the surveys and reports available to Purchaser, at Seller’s home offices, at the Property or at the offices of the Management Company during normal business hours. 
  

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 7.2      Disclaimer. ANY REPORTS PROVIDED TO PURCHASER PURSUANT TO THIS
ARTICLE 7 ARE PROVIDED TO PURCHASER TO ASSIST IN PURCHASER’S OWN ASSESSMENT OF THE PROPERTY AND ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. SELLER CANNOT AND DOES NOT WARRANT THE COMPREHENSIVENESS OR COMPLETENESS OF THE REPORTS. This Section
7.2 shall survive Closing. 
  
 7.3     
“As-Is, Where-Is” Nature of Transaction. EXCEPT AS EXPLICITLY PROVIDED IN SELLERS’ CLOSING DOCUMENTS, OR IN SECTIONS 8.1 OR 9.1 OR ELSEWHERE IN THIS AGREEMENT, PURCHASER SHALL, AT CLOSING, TAKE THE PURCHASED ASSETS ON AN
“AS-IS, WHERE-IS, WITH ALL FAULTS” BASIS, WITH NO WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, EITHER ORAL OR WRITTEN, MADE BY SELLER OR ANY AGENT OR REPRESENTATIVE OF SELLER WITH RESPECT TO THE PHYSICAL OR STRUCTURAL CONDITION OF THE
PURCHASED ASSETS OR WITH RESPECT TO THE EXISTENCE OR ABSENCE OF HAZARDOUS SUBSTANCES ON, UNDER, OR AFFECTING THE PROPERTY OR THE GROUND WATER THEREUNDER OR WITH RESPECT TO THE COMPLIANCE OF THE PURCHASED ASSETS OR ITS PRESENT OR PAST OPERATION WITH
ANY LAWS, ORDINANCES OR REGULATIONS OF ANY GOVERNMENT OR OTHER BODY. PURCHASER ACKNOWLEDGES AND AGREES THAT, EXCEPT AS EXPLICITLY STATED IN SELLER’S CLOSING DOCUMENTS, OR IN SECTIONS 8.1 OR 9.1 HEREOF, OR ELSEWHERE IN THIS AGREEMENT, SELLER HAS
NOT MADE AND DOES NOT MAKE ANY REPRESENTATIONS, WARRANTIES, OR COVENANTS OF ANY KIND OR CHARACTER WHATSOEVER, WHETHER EXPRESS OR IMPLIED, WITH RESPECT TO THE HABITABILITY, TENANTABILITY OR SUITABILITY FOR COMMERCIAL PURPOSES, MERCHANTABILITY, OR
FITNESS FOR A PARTICULAR PURPOSE OF THE PROPERTY, ALL OF WHICH WARRANTIES SELLER HEREBY EXPRESSLY DISCLAIMS. THIS DISCLAIMER SHALL NOT BE LIMITED BY SELLER’S PROVISION TO PURCHASER OF ANY INFORMATION REGARDING THE PROPERTY. This Section 7.3
shall survive Closing or any termination of this Agreement and shall not merge with the Special Warranty Deed or other conveyance of the Purchased Assets at Closing. 
  
 7.4      Environmental and Other Inspections. If Purchaser engages a contractor to conduct (a)
inspections and tests of the environmental conditions of the Property, (b) any physically intrusive testing (such as roof or floor coring) or (c) any testing of generators, battery back up systems or any other equipment which might cause an
interruption of services or otherwise adversely affect Tenants or other occupants of the Property during the Due Diligence Period, Purchaser shall utilize only reputable and adequately insured contractors. Seller and Purchaser acknowledge that
Purchaser may wish to obtain and analyze environmental samples as part of its investigation of the environmental condition of the Property. If Purchaser desires to do such environmental work, any physically intrusive testing (such as roof or floor
coring) or any testing of generators, battery back up systems or any other equipment which might cause an interruption of services or otherwise adversely affect Tenants or other occupants of the Property, it 

  

 20 

 
shall deliver to Seller for review and comment by Seller or Seller’s designee, a copy of the most detailed scope of work available to Purchaser. Such
scope of work shall be delivered to Seller or its designees as soon as practicable after it is finalized by Purchaser, but in no event less than five (5) Business Days prior to the time such work is to commence. Purchaser’s scope of work shall
include detailed site investigation protocols for technical items (e.g. method of sample acquisition, procedures related to equipment decontamination, sample chain of custody, laboratory qualifications, analytical methods, laboratory quality
assurance/quality control procedures, data validation procedures, data analysis procedures, etc.). Seller shall promptly review the proposed scope of work and shall approve or disapprove the scope of work within three (3) Business Days after receipt
of such notice, such approval not to be unreasonably withheld; Seller’s failure to notify Purchaser of its disapproval shall be deemed to be Seller’s approval thereof. Purchaser shall use the approved scope of work to conduct all site
investigations. The term “reputable and adequately insured contractor(s)” as used in this Agreement and the use of the words “reputable and adequately insured” as applicable to any contractor, representative or agent of Purchaser
or Seller in this Agreement shall mean a contractor, representative, or agent who shall be (a) reputable and adequately insured with respect to the nature and extent of the scope of its work and presence on the Property (such insurance including,
unless otherwise agreed among the parties hereto, general liability insurance against bodily injury and property damage with a minimum combined limit of five million dollars ($5,000,000) per occurrence, including amounts covered by any umbrella
policies); (b) familiar with all rules and regulations, including federal, state, or local rules or regulations relating to the procedure, assessment, study, inspection, or test which it is undertaking in connection with the Agreement; and (c), to
the extent required by applicable law, licensed or qualified under applicable law to undertake the action it is taking in connection with this Agreement. This Section 7.4 shall survive Closing. 
  
 7.5     Reports of Purchaser’s Findings,
Confidentiality. If the transaction contemplated by this Agreement is not consummated, Purchaser shall promptly deliver to Seller, without representation or warranty, copies of all verified data and every third party final written report or
findings obtained or generated prior to Closing by Purchaser as a result of Purchaser’s investigation of the environmental condition of the Property, and Purchaser shall cause the Property to be restored to substantially the condition that
existed prior to any activities of Purchaser or its agents or contractors which altered the condition of the Property. 
  
 ARTICLE 8: REPRESENTATIONS AND WARRANTIES 
  
 8.1     Seller’s Representation and Warranties. Seller hereby represents and warrants to Purchaser the truth and accuracy
on the Effective Date of each of the following: 
  
 8.1.1     Seller is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and is authorized to transact business in the State of Illinois and has full
power and authority to enter into this Agreement and the Seller Closing Documents and convey the interests in the Purchased Assets owned by it as herein described. 
  

 21 

 8.1.2     The execution and delivery of this Agreement and consummation of the
transactions contemplated hereby are or will be duly authorized by all necessary limited liability company acts on the part of the Seller. 
  
 8.1.3     There are no condemnation or eminent domain proceedings or, to Seller’s Actual Knowledge, other litigation or
proceeding pending or threatened against Seller with respect to the Property or against any other Purchased Asset, except as disclosed on Exhibit E attached hereto. 
  
 8.1.4     Seller has not received written notice of violation of any applicable law, as the same relates
to the Property, which violation remains unremedied, except as disclosed on Exhibit E attached hereto. 
  
 8.1.5 
  
 (a)     There are no Contracts except those described in Exhibit B attached hereto, 
  
 (b)     The Contracts listed on Exhibit B are in
full force and effect and have not been amended except as disclosed in Exhibit B, and 
  
 (c)     Except as disclosed in Exhibit B, neither Seller nor, to Seller’s Actual Knowledge, any other party to any Contract is in default thereunder, to Seller’s Actual Knowledge,
no event has occurred which, with the passage of time or giving of notice, or both, could constitute a default under any Contract, and neither Seller nor any other party to any Contract is claiming any such default. 
  
 8.1.6     There are no leases, possession agreements or
other agreements relating to the leasing or occupancy of the Property or any portion thereof except for the Leases identified on the Rent Roll or that will be identified on the Updated Rent Roll. 
  
 8.1.7     The Leases listed on the Rent Roll are in full
force and effect. 
  
 8.1.8     Rent and
other sums payable under the Leases listed on the Rent Roll have been paid in accordance with the terms of such Leases and no Tenants identified on the Rent Roll have made a payment of rent more than one (1) month in advance, except as otherwise
disclosed in Exhibit C. 
  
 8.1.9    
There are no security deposits held by Seller under any of the Leases other than those identified in the Rent Roll or that will be identified on the Updated Rent Roll, and no portion of any such security deposit has been applied by Seller against
delinquent rent or otherwise to cure a default of a Tenant under any Lease, except as identified on the Rent Roll. 
  

 22 

 8.1.10     Except as otherwise described in the Rent Roll, neither Seller nor, to
Seller’s Actual Knowledge, any of the Tenants under any of the Leases listed on the Rent Roll is in default thereunder as of the date of the Rent Roll, to Seller’s Actual Knowledge, no event has occurred which, with the passage of time or
giving of notice, or both, could constitute such a default, and neither Seller nor any Tenant is claiming any such default. 
  
 8.1.11     No Tenant identified on the Rent Roll is entitled to any free rent, rent concession, rebate, abatement or set off or offset
against rent except as disclosed in the Leases or the Rent Roll. 
  
 8.1.12     No commission is currently due and owing with respect to any of the Leases and no commission shall be due in the future with respect to any of the Leases, except with respect to options to expand or renew in
the Lease with Alltel Information Services, Inc. which have not been exercised as of the Effective Date. 
  
 8.2     Purchaser’s Representations and Warranties. Purchaser hereby represents and warrants to Seller the truth and
accuracy on the Effective Date of each of the following: 
  
 8.2.1     Purchaser is a limited partnership duly organized, validly existing and in good standing under the laws of the State of Maryland, and the execution and delivery of this Agreement and the consummation of the
transactions contemplated hereby have been duly authorized. 
  
 8.2.2     Purchaser is solvent and has not made an assignment for the benefit of creditors, nor has Purchaser filed, or has had filed against it, a petition in bankruptcy or receivership. 
  
 8.2.3     Purchaser has no Actual Knowledge that any of
the statements contained in Seller’s representations and warranties in Section 8.1 are materially untrue. 
  
 8.3     Survival of Representations and Warranties. 
  
 8.3.1     Notwithstanding anything to the contrary contained in this Agreement, the representations and
warranties of Seller set forth in Section 8.1 and Seller’s liability under Section 8.1 will survive the Closing for a period of nine (9) months from the Closing Date. With respect to any suit, claim or cause of action that Purchaser has
or may have as a result of any alleged untruth, inaccuracy or breach of such representations or warranties under Section 8.1, Purchaser must give Seller written notice of any such claims in each instance prior to the expiration of such nine (9)
month period. In the event Purchaser fails to provide such notice within such nine (9) month period, Seller shall have no liability whatsoever to Purchaser with respect to the representations and warranties set forth in Section 8.1. Purchaser will
not have any right to bring any suit, claim or cause of action against Seller as a result of any alleged untruth, inaccuracy or breach of such representations and warranties under Section 8.1 unless and until the aggregate amount of all liability
and losses arising out of all such untruths, inaccuracies and 

  

 23 

 
breaches exceeds two hundred fifty thousand dollars ($250,000). Purchaser agrees to first seek recovery under any insurance policies, and Contracts (but
shall not be required to seek recovery from a Tenant) prior to seeking recovery from Seller, and Seller shall not be liable to Purchaser for such untruths, inaccuracies and/or breaches under Section 8.1 if Purchaser’s claim is satisfied from
such insurance policies, or Contracts; provided that during the period Purchaser is making any such effort to recover from such third parties, the nine (9) month period set forth above shall be tolled until such time as a final determination
regarding such third party claims is made. In addition, notwithstanding anything to the contrary contained in this Agreement or any of the Seller’s Closing Documents, in no event shall Seller’s liability for all such untruths,
inaccuracies and/or breaches under Section 8.1 exceed, in the aggregate, five million dollars ($5,000,000). 
  
 8.3.2     Notwithstanding anything to the contrary contained in this Agreement, Seller shall have no liability with respect to any of
Seller’s representations, warranties and covenants herein if, prior to the Closing, Purchaser has Actual Knowledge of any breach of a representation, warranty or covenant of Seller herein, or Purchaser obtains Actual Knowledge (from whatever
source as a result of Purchaser’s due diligence tests, investigations and inspections of the Property or the Records; or as a result of written disclosure by Seller or any of Seller’s agents, representatives or employees) that contradicts
any of Seller’s representations, warranties or covenants herein (and the representations and warranties of Seller shall be deemed modified thereby to be accurate), and Purchaser nevertheless consummates the transaction contemplated by this
Agreement (in which event any such breach or contradiction shall be deemed waived by Purchaser). 
  
 8.4     Seller’s Closing Certificate. For purposes of the delivery of Seller’s Closing Certificate, Seller’s
representations and warranties in Section 8.1 shall be certified to be true and accurate in all material respects on the Closing Date and those representations and warranties with respect to the Rent Roll in Subsections 8.1.6 through 8.1.10 shall be
modified to certify the “Updated Rent Roll” as of the Closing Date and the “Tenants”, as identified on such Updated Rent Roll. 
  
 ARTICLE 9: SELLER’S PRE-CLOSING COVENANTS 
  
 9.1     Operations of the Property Prior to Closing. Until Closing, and provided that this Agreement has not been terminated or
cancelled, Seller shall: 
  
 9.1.1     keep
the Property and Personal Property insured or cause the Property and Personal Property to be kept insured against fire and other hazar ds covered by extended coverage endorsements, and maintain or cause to be maintained comprehensive public
liability insurance against claims for bodily injury, death and property damage occurring in, on or about the Property, in each case with such coverages, insurance companies and limits of liability as are maintained as of the Effective Date;

  

 24 

 9.1.2     operate and maintain the Property in the ordinary course of business and
consistent with past practices and, subject to the casualty loss provisions of Article 10, make any and all repairs and replacements to the Property as reasonably are required to deliver the Property to Purchaser at Closing in its present condition,
normal wear and tear and damages from the elements excepted; 
  
 9.1.3     not, without Purchaser’s prior written consent, which consent shall not be unreasonably withheld or delayed (a) enter into third party Contracts relating to the Property except in the ordinary course of
business and in accordance with reasonably prudent business practices and only if such third party Contracts are cancelable on thirty (30) Days’ written notice, or (b) amend or terminate any existing Contracts except as permitted in this
Agreement, provided that, from and after the expiration or earlier termination of the Due Diligence Period and provided Purchaser has elected or is deemed to have elected to purchase the Purchased Assets, Seller shall not execute any new Contracts
or amend or terminate any existing Contracts without the prior written consent of Purchaser, which consent may be withheld in Purchaser’s sole and absolute discretion; 
  
 9.1.4     continue its present rental program and efforts to rent vacant space (and Seller agrees
deliver to Purchaser copies of any new Leases entered into by Seller after the Effective Date and prior to the end of the Due Diligence Period along with information concerning tenant improvements costs and leasing commissions with respect to such
Leases and unless Purchaser elects to terminate this Agreement in accordance with Section 5.3, Purchaser shall be deemed to have approved of all such Leases), provided that, from and after the expiration or earlier termination of the Due Diligence
Period and provided Purchaser has elected or is deemed to have elected to purchase the Purchased Assets, Seller shall not execute any new leases or amend, terminate or accept the surrender of any new or existing tenancies or approve any subleases or
consent to the assignment of any lease without the prior written consent of Purchaser, which consent may be withheld in Purchaser’s sole and absolute discretion; and 
  
 9.1.5     (a) not transfer or convey all or any portion of the Purchased Assets without the prior
consent of Purchaser, other than normal retirement of items of Personal Property in the ordinary course of business, or (b) not grant or permit any easements, liens, mortgages, encumbrances or other interests with respect to all or any portion of
the Purchased Assets without the prior written consent of Purchaser; Purchaser’s approval may be deemed given in the same manner as described in Subsection 9.1.4 hereinabove. 
  
 ARTICLE 10: DAMAGE, DESTRUCTION OR CONDEMNATION 
  
 10.1     Material Event. If, prior to Closing, any material amount of the rentable portion of the
Property (i.e., more than ten percent (10%) is destroyed by fire or other casualty, or is taken, or if any of the Tenants has the right to terminate its Lease as a result of such fire or other casualty, or if proceedings are initiated by any
governmental authority under power of eminent domain as to such portion of the Property, then Purchaser may elect, by written notice to Seller and to the Title 

  

 25 

 
Company, to terminate this Agreement within ten (10) Days of receipt of notice from Seller of such event of damage, destruction, taking or initiation of such
proceedings. If Purchaser fails to give such written notice within such ten (10) Day period to Seller and to the Title Company, the Closing shall, subject to the satisfaction or waiver of the other contingencies contained in this Agreement, occur on
the Closing Date and at the Purchase Price provided for in Article 3. At Closing, following any fire or other casualty, Seller will assign to Purchaser the physical damage proceeds (and, to the extent applicable to the period after the Closing, any
rental and/or business interruption proceeds) of any insurance policies payable to Seller, including any proceeds payable with respect to the Personal Property. At such Closing, Purchaser shall receive a credit against the Purchase Price for the
amount of any deductible under any casualty insurance policy carried by Seller against such loss, if any, and for any other uninsured portion of such damage or destruction. If Purchaser has elected to close following notice of the initiation of
eminent domain proceedings, Purchaser shall receive an assignment of Seller’s portion of the condemnation award attributable to the Purchased Assets up to the amount of the Purchase Price. 
  
 10.2     Immaterial Event. If, prior to Closing,
any portion of the Property or the Personal Property is destroyed by fire or other casualty or is taken or threatened to be taken under power of eminent domain and if Purchaser is not entitled to elect to terminate this Agreement pursuant to Section
10.1 above, Purchaser shall, subject to the satisfaction or waiver of the other contingencies contained in this Agreement, close this transaction on the Closing Date and at the Purchase Price, and Seller will assign to Purchaser the physical damage
proceeds (and, to the extent applicable to the period after the Closing, any rental and/or business interruption proceeds) of any insurance policies payable to Seller, or Seller’s portion of any condemnation award, provided that Purchaser shall
receive at Closing a credit against the Purchase Price for the amount of any deductible under any casualty insurance policy and for any other uninsured portion of such damage or destruction. 
  
 ARTICLE 11: DEFAULT 
  
 11.1     Purchaser’s Default. 
  
 11.1.1     If Purchaser shall default under this
Agreement (other than by failing to close the transaction contemplated by this Agreement) and if the default continues for more than two (2) Business Days following Purchaser’s receipt of written notice from Seller specifying such default,
Sellers shall be entitled to seek an injunctive relief. 
  
 11.1.2     If Purchaser shall default under this Agreement by failing to close the transaction contemplated by this Agreement on the Closing Date other than pursuant to the exercise of a specific termination right
granted to Purchaser in this Agreement and provided Seller is not then in material default hereunder, the amount of the Deposit specified in Section 3.1.1 of this Agreement, if any, shall be promptly released to Seller by the Escrow Agent as
liquidated damages and as Seller’s sole and exclusive remedy with respect to such default. Seller and Purchaser agree that such portion of the Deposit is a fair and reasonable amount to be retained by Seller as agreed and liquidated damages in
light of the Seller’s removal of the Property from the market and the costs incurred by Seller, and that the Deposit shall not constitute a penalty or forfeiture. 
  

 26 

 11.2     Seller’s Default. If Seller refuses or fails to convey the
Purchased Assets as herein provided for any reason other than (a) a default or a pending default by Purchaser, (b) any other provision of this Agreement that permits Seller to terminate this Agreement or otherwise relieve Seller of the obligation to
convey the Purchased Assets, Purchaser shall elect as its sole remedy either (i) to seek specific performance of Seller’s obligations hereunder, or (ii) to terminate this Agreement and recover the amount of the Deposit then held by Escrow Agent
and reimbursement by Seller for all direct, actual, reasonable third party out-of-pocket costs incurred by Purchaser in connection with Purchaser’s investigation of the Purchased Assets prior to or after the Effective Date, including, but not
limited to, legal fees, costs of environmental inspections and testing, up to a maximum amount of such third party out-of-pocket costs not to exceed in any case one hundred seventy five thousand dollars ($175,000.00). 
  
 11.3     Consequential and Punitive Damages. Each
of Seller and Purchaser waive any right to sue the other for any consequential or punitive damages for matters arising under this Agreement. This Section 11.3 shall survive Closing or termination of this Agreement. 
  
 ARTICLE 12: BROKERS 
  
 12.1     Representation and Indemnity. Except to
the extent that Purchaser has pre-registered an authorized broker who has entered into a written commission agreement with Seller, Purchaser and Seller each represents that all negotiations relative to this Agreement and the transactions
contemplated by this Agreement have been carried on by the parties to this Agreement directly without the intervention of any third party, and such negotiations and the consummation of the transaction contemplated by this Agreement will not result
in any liability by any party for any finder’s fees, brokerage commissions or other similar fees. Each party shall indemnify and hold the other party or parties harmless against any claim for brokerage or finders’ fees or other commissions
or similar fees resulting from actions of the indemnitor which are not in accordance with the preceding sentence. Seller shall pay two hundred and fifty thousand dollars ($250,000.00) to CB Richard Ellis, Purchaser’s broker, and Purchaser shall
pay any additional amounts owed to CB Richard Ellis. The foregoing indemnity shall survive the Closing or earlier termination of this Agreement. 
  
 ARTICLE 13: CLOSING, ETC. 
  
 13.1     Closing. The Closing shall occur at the offices of the Title Company at noon, local time, on the Closing Date, or at
such other time and location as the parties shall agree upon. The sale shall be closed through escrow with the Escrow Holder in accordance with the general provisions of the usual form of escrow agreement used in similar transactions by such holder
with special provisions inserted (a) as may be required to conform with this Agreement and (b) as the 

  

 27 

 
parties may otherwise agree. Seller and Purchaser hereby designate Title Company as the “Reporting Person” for the transaction pursuant to Section
6045(e) of the Code and agree to execute such documentation as is reasonably necessary to effectuate such designation. 
  
 13.2     Conditions For Purchaser’s Benefit. The obligations of Purchaser to consummate the transaction contemplated
hereby are subject to the following conditions, any of which, if not fulfilled by the Closing or as otherwise provided herein, shall entitle Purchaser (at its option) to terminate this Agreement and receive the Deposit as specified in Section 3.1.1
of this Agreement: 
  
 13.2.1     The
transactions contemplated under this Agreement to be effected on the Closing Date shall not have been restrained or prohibited by any injunction or order or judgment rendered by any court or other governmental agency of competent jurisdiction and no
governmental moratorium, statute, or regulation is effected after the end of the Due Diligence Period that would materially and adversely affect the Property or use or operation thereof. 
  
 13.2.2     The Title Company is unconditionally committed to issue a title policy based upon the Title
Commitment (modified as required by this Agreement) subject only to the Permitted Exceptions upon payment of the applicable premium. 
  
 13.2.3     Seller shall have timely complied with its obligations hereunder and is not then in default hereunder beyond any applicable
notice or cure period. 
  
 13.2.4     All
warranties and representations made by Seller herein shall have been and remain truthful in all material respects. 
  
 13.2.5     Purchaser shall have received, on or before the Closing Date, the Required Estoppel Certificates. 
  
 13.2.6     No material default shall have occurred since
the end of the Due Diligence period. and shall be continuing beyond any applicable notice and cure period with respect to any of the Required Leases. 
  
 13.3     Conditions for Seller’s Benefits. The obligations of Seller to consummate the transaction contemplated hereby are
subject to the following conditions which, if not fulfilled by the Closing or as otherwise provided herein, shall entitle Seller, at its option, to terminate the Agreement. 
  
 13.3.1     The transactions contemplated under this Agreement to be effected on the Closing Date shall
not have been restrained or prohibited by any injunction or order or judgment rendered by any court or other governmental agency of competent jurisdiction. 
  
 13.3.2     Purchaser shall have timely complied with its obligations hereunder. 
  

 28 

 13.3.3     All warranties and representations made by Purchaser herein shall have
been and remain truthful in all material respects. 
  
 13.4     Seller’s Deliveries. At the Closing, Seller shall (a) deliver duly executed copies of Seller’s Closing Documents to Purchaser or to the Title Company, as the case may be, against receipt of the
Purchase Price and Purchaser’s Closing Documents, and (b) take or cause to be taken all necessary actions required to be taken by Seller to deliver possession of the Purchased Assets to Purchaser on the terms set forth in this Agreement.

  
 13.5     Purchaser’s
Deliveries. At the Closing, Purchaser shall (a) pay the Purchase Price as adjusted pursuant to this Agreement and deliver duly executed copies of Purchaser’s Closing Documents to Seller or to the Title Company, as the case may be, against
receipt from Seller of Seller’s Closing Documents, and (b) take or cause to be taken all necessary actions required to be taken by Purchaser to accept possession of the Purchased Assets and to assume the liabilities and obligations required to
be assumed by Purchaser pursuant to the terms of this Agreement and Purchaser’s Closing Documents. 
  
 13.6     Further Assurances. Each of the parties agrees to do, execute, acknowledge and deliver all such further acts,
instruments, and assurances, and to take all such further actions before or after the Closing as shall be necessary or desirable to fully carry out this Agreement and to fully consummate and effect the transactions contemplated hereby. 

 
 ARTICLE 14: NOTICES 
  
 14.1     Form of Notices. Any notice required or
permitted to be given under this Agreement must be given in writing and shall be deemed given (a) when hand delivered or sent by confirmed facsimile transmission during business hours of the sender, or (b) within one (1) Business Day following pick
up by Emery Air Freight, Airborne, Federal Express or similar nationally recognized overnight express service, in either case addressed to the parties at their respective addresses referenced below: 
  

			
	If to Seller:	  	 Lakeside Purchaser LLC
 Attn.: Terence J. Woolfe,
Esq.
 Director, Corporate Real Estate
 c/o El Paso
Corporation
 1001 Louisiana Street, Suite W1020B
 Houston, Texas
77002
 Phone No. (713) 420-2994
 Facsimile No. (713)
420-6242

		
	with a copy to:	  	 Seyfarth Shaw LLP
 Attn.: Jeffrey B. Schamis,
Esq.
 55 East Monroe Street, Suite 4300
 Chicago, Illinois
60603
 Phone No.(312) 781-8648
 Facsimile No. (312)
269-8869

  

 29 

			
	If to Purchaser:	  	Scott Peterson
	 	  	Digital Realty Trust
	 	  	2730 Sand Hill Road, Suite 280
	 	  	Menlo Park, CA 94025
	 	  	Phone No. (650) 233-3616
	 	  	Facsimile No. (650) 233-3601
		
	with a copy to:	  	Brian Aronson
	 	  	Mayer, Brown Rowe & Maw LLP
	 	  	350 South Grand Avenue, 25th Floor
	 	  	Los Angeles, CA 90071
	 	  	Phone No. (213) 229-5151
	 	  	Facsimile No. (213) 625-0248

  
 or, in each case, to such other
address for a party as such party may from time to time designate by giving notice in writing to the other party or parties. 
  
 ARTICLE 15: MISCELLANEOUS 
  
 15.1     Time of Essence. Time is of the essence of this Agreement. 
  
 15.2     Governing Law. The validity, meaning and
effect of this Agreement shall be determined in accordance with the laws of the State of Illinois without giving effect to principles of conflict of laws. 
  
 15.3     Counterparts. This Agreement may be executed and delivered by facsimile signature in any number of counterparts,
without the necessity that all parties execute the same counterpart, each of which shall be deemed to be an original and all of which, when taken together, shall constitute one and the same instrument. Seller and Purchaser shall submit to each other
original counterparts of their facsimile signatures within five (5) Days of the Execution Date. 
  
 15.4     Recording. Neither Purchaser nor Seller may record this Agreement or any memorandum thereof. 
  
 15.5     No Partnership. Nothing contained in this
Agreement shall be construed to create a partnership or joint venture between the parties or their successors in interest. 
  
 15.6     Captions; References. The captions of this Agreement are inserted only as a matter of convenience and for reference,
and in no way define, limit, or describe the scope of this Agreement to the scope or content of any other provisions. Unless otherwise stated, references in this Agreement to Articles or Sections are to the Articles and Sections of this Agreement

  

 30 

 15.7     Attorneys’ Fees. In the event of any litigation arising out of
this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees and costs upon the issuance of a final order, no longer subject to appeal, rendered by a court of competent jurisdiction. 
  
 15.8     Proper Execution. The submission by
Seller to Purchaser of this Agreement in unsigned form shall be deemed to be a submission solely for Purchaser’s consideration and not for acceptance and execution. Such submission shall have no binding force or effect, shall not constitute an
offer or option, and shall not confer any rights upon Purchaser or impose any obligation upon Seller, irrespective of any reliance thereon, change of position or partial performance. The submission by Seller of this Agreement for execution by
Purchaser, and the actual execution and delivery thereof by Purchaser to Seller, shall similarly have no binding force and effect on Seller, unless and until Seller shall have executed this Agreement and a counterpart of this Agreement, as executed
by Purchaser, shall have been delivered to Seller. Neither party hereto shall be deemed to have drafted this Agreement. 
  
 15.9     Survival. Notwithstanding any earlier termination or cancellation of this Agreement, delivery of the Special Warranty
Deed or expiration of this Agreement, the indemnities, liability, obligations and covenants of Seller or Purchaser set forth in any provisions of this Agreement expressly stating that they survive Closing, shall survive Closing according to the
terms of this Agreement and shall not merge into the Special Warranty Deed executed in connection with the Closing, except as expressly excepted herein. 
  
 15.10     Allocation of the Purchase Price. Seller and Purchaser agree for the purpose of making the requisite filings under
Section 1060 of the Code and Treasury Regulations promulgated thereunder, to allocate the Purchase Price (as adjusted under this Agreement) and any liabilities assumed by Purchaser under this Agreement to Class V assets (i.e., land and depreciable
property). Seller and Purchaser each agree to report the federal, state and local income and other tax consequences of the transactions contemplated herein, and in particular to report the information required by Section 1060(b) of the Code, and to
jointly prepare Form 8594 (Asset Acquisition Statement under Section 1060) in a manner consistent with the terms of this Agreement and shall not take any position inconsistent therewith upon examination of any tax return, in any refund claim, in any
litigation, investigation or otherwise unless required to do so by applicable law after notice to and discussions with the other Party, or with such other Party’s prior consent. 
  
 15.11     No Third Party Rights. Nothing in this Agreement, express or implied is intended to
confer upon any person, other than the parties hereto and their respective successors and assigns, any rights or remedies entered into by reason of this Agreement. This Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns. 
  
 15.12     Entire Agreement. This Agreement, including, without limitation, the Exhibits attached hereto, contains the entire agreement among the parties related to the transactions 

  

 31 

 
contemplated hereby, and all prior or contemporaneous agreements, understandings, representations, or statements, oral or written, are superceded hereby.

  
 15.13     Modifications. No waiver,
modification, amendment, discharge, or change of this Agreement shall be valid unless the same is in writing and signed by the party against which the enforcement of such waiver, modification, amendment, discharge, or change is sought. 

 
 15.14     Assignability. Purchaser may not
assign its rights under this Agreement, without the prior written consent of Seller, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, Purchaser shall have the right to assign its interest in this Agreement to an
Affiliate without Seller’s consent, provided that the original Purchaser remains liable for the obligations of Purchaser under this Agreement. Seller shall have no right to assign its rights or duties under this Agreement. 
  
 15.15     Partial Invalidity. Any provision of
this Agreement which is unenforceable or invalid or the inclusion of which would adversely affect the validity, legality, or enforcement of this Agreement, shall be of no effect, but all the remaining provisions of this Agreement shall remain in
full force and effect. 
  
 15.16    
Jurisdiction. Each of the parties hereto agrees that any legal or equitable action or proceeding with respect to this Agreement, or any agreement represented herein or entered in connection herewith or the transactions contemplated hereby
shall be brought only in any court of the State of Illinois, or in any court in the United States of America sitting in Chicago, Illinois, and each of the parties hereto hereby submits to and accepts generally and unconditionally the jurisdiction of
those courts with respect to such party’ person and property, and irrevocably consents to the service of process in connection with any such action or proceeding by the mailing thereof by registered or certified mail, postage prepaid to each
party at such party’ address set forth above. Nothing in this paragraph shall affect the right of any party hereto to serve process in any other manner permitted by law the right of any party hereto. Each party hereby irrevocably waives any
objection to the laying of venue of any such action or proceeding in the above described courts. 
  
 15.17     Calculation of Time. Whenever any determination is to be made or action to be taken on a date specified in this
Agreement, if such date shall fall upon a day that is not a Business Day, the date for such determination or action shall be extended to the first Business Day immediately thereafter. 
  
 15.18     Information and Audit Cooperation. At Purchaser’s request, at any time after the
Closing, Seller shall provide to Purchaser’s designated independent auditor reasonable access to the books and records of the Property, and all related information regarding the period for which Purchaser is required to have the Property
audited, and Seller shall use reasonable efforts to cause its former property manager under the Management Agreement to provide to such auditor a representation letter regarding the books and records of the Property, in substantially the form of

  

 32 

 
Exhibit I attached hereto, in connection with the normal course of auditing the Property in accordance with generally accepted auditing standards.

  
 15.19     Board Approval. The
parties acknowledge that the transaction contemplated by this Agreement is subject to the approval of Purchaser’s Board of Directors, which approval shall be granted or withheld (and if withheld and if such withholding is timely communicated to
Seller, this Agreement shall be terminated) during the Due Diligence Period. 
  

			
	 SELLER:

	
	 LAKESIDE PURCHASER, LLC

		
	By:	 	/s/    DAVID LELAND        
		
	 Its:
	 	Executive VP
	 Dated:
	 	 3/14/05

	
	 PURCHASER:

					
	
	DIGITAL REALTY TRUST, L.P., a Maryland limited partnership
		
	By:	 	Digital Realty Trust, Inc., a Maryland corporation, its General Partner
			
	 	 	 By:
	 	/s/    SCOTT PETERSON        
			
	 	 	 Its:
	 	 Authorized Signatory

	 	 	 Dated:
	 	 3/14/05

  

 33 

 The undersigned Escrow Agent hereby agrees to hold the Deposit in escrow pursuant to the terms of this
Agreement for delivery or release under the following terms and conditions: (i) Escrow Agent is authorized and directed to release the Deposit to the Seller upon the consummation of the Closing; or (ii) in the alternative, Escrow Agent is authorized
and directed to release the Deposit in accordance with mutual written instructions from Seller and from Purchaser. It is understood and agreed that such written instruction shall clearly indicate the payee, method of delivery and amount. 

 
 In the event of a dispute as to the disposition of the Deposit, Escrow
Agent is authorized and directed to follow one of the following courses of action, which action Escrow Agent may take at its sole discretion: (i) Escrow Agent may file an interpleader action as provided by law and upon depositing such monies held
under this Agreement, with the appropriate court, Escrow Agent shall be released from any further liability under this Agreement, or (ii) Escrow Agent may hold the Deposit until it is in receipt of written instructions signed by the Seller and
Purchaser which shall direct and authorize the disposition of the Deposit to the same party or until such time as an order of court of competent jurisdiction which constitutes a final determination as to the disposition of the Deposit. It is
understood and agreed that should Escrow agent file an interpleader action, it may charge the Deposit for reasonable attorneys’ fees and court costs. 
  

			
	ESCROW AGENT
	
	COMMONWEALTH TITLE INSURANCE COMPANY
		
	By:	 	 
		
	 Its:
	 	 
		
	 Dated:
	 	 

  

 34

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