0001618563-17-000034 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • February 28th, 2017 • National Storage Affiliates Trust • Real estate investment trusts • Maryland

EMPLOYMENT AGREEMENT (this "Agreement") is dated as of January 1, 2017 (the "Commencement Date"), by and between National Storage Affiliates Trust, a Maryland real estate investment trust (the "Company"), and Brandon Togashi, residing at the address set forth in the Company’s records (the "Executive").

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INCREASE AGREEMENT
Increase Agreement • February 28th, 2017 • National Storage Affiliates Trust • Real estate investment trusts • New York

This Increase Agreement (this “Agreement”), dated as of December 1, 2016 (the “Increase Effective Date”), is by and among NSA OP, LP, a limited partnership formed under the laws of the State of Delaware (the “Borrower”), certain Subsidiaries of the Borrower party to the Credit Agreement referred to below, NATIONAL STORAGE AFFILIATES TRUST, a Maryland real estate investment trust (the “Parent Guarantor” and, together with those certain Subsidiaries, collectively, the “Guarantors”), the lender parties signatory hereto (each, an “Increase Lender” and collectively the “Increase Lenders”) and KeyBank National Association, as Administrative Agent (the “Administrative Agent”) for the Lenders (as hereinafter defined) and in its capacity as Swingline Lender and as issuer of Letters of Credit. All capitalized terms used herein without definitions shall have the meanings given to such terms in the Credit Agreement (as hereinafter defined).

SECOND INCREASE AGREEMENT AND AMENDMENT
Second Increase Agreement and Amendment • February 28th, 2017 • National Storage Affiliates Trust • Real estate investment trusts • New York

This Second Increase Agreement and Amendment (this “Agreement”), dated as of February 8, 2017 (the “Increase Effective Date”), is by and among NSA OP, LP, a limited partnership formed under the laws of the State of Delaware (the “Borrower”), certain Subsidiaries of the Borrower party to the Credit Agreement referred to below, NATIONAL STORAGE AFFILIATES TRUST, a Maryland real estate investment trust (the “Parent Guarantor” and, together with those certain Subsidiaries, collectively, the “Guarantors”), the lender parties hereto providing a new commitment or new loan pursuant to the terms hereof (each, an “Increase Lender” and collectively the “Increase Lenders”) and KeyBank National Association, as Administrative Agent (the “Administrative Agent”) for the Lenders (as hereinafter defined) and in its capacity as Swingline Lender and as issuer of Letters of Credit. All capitalized terms used herein without definitions shall have the meanings given to such terms in the Credit Agreement (as

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