250,000,000 3.625% Exchangeable Senior Notes due 2027 Registration Rights AgreementExtra Space Storage Inc. • March 28th, 2007 • Real estate investment trusts • New York
Extra Space Storage LP, a Delaware limited partnership (the “Operating Partnership”) proposes to issue and sell to certain purchasers (the “Initial Purchasers”), for whom you (the “Representatives”) are acting as representatives, its 3.625% Exchangeable Senior Notes due 2027 (the “Notes”), upon the terms set forth in the Purchase Agreement by and among the Operating Partnership, Extra Space Storage Inc., a Maryland corporation (the “Company”), and the Representatives, dated as of March 21, 2007 (the “Purchase Agreement”), relating to the initial placement (the “Initial Placement”) of the Notes. In certain circumstances, the Notes will be exchangeable for shares of common stock, $0.01 par value (the “Common Stock”) of the Company in accordance with the terms of the Notes and the Indenture (as defined below). The Company will fully and unconditionally guarantee the payment by the Operating Partnership of principal and interest on the Notes. To induce the Initial Purchasers to enter into
3.625% Exchangeable Senior Notes due 2027Extra Space Storage Inc. • March 28th, 2007 • Real estate investment trusts • New York
INDENTURE dated as of March 27, 2007 among Extra Space Storage LP, a Delaware limited partnership (hereinafter called the “Issuer”), Extra Space Storage Inc., a Maryland corporation (hereinafter called the “Guarantor”), each having its principal office at 2795 East Cottonwood Parkway, Suite 400, Salt Lake City, Utah 84121, and Wells Fargo Bank, N.A., as trustee hereunder (hereinafter called the “Trustee”).
