0001618563-20-000122 Sample Contracts

4,500,000 Common Shares of Beneficial Interest National Storage Affiliates Trust UNDERWRITING AGREEMENT
Underwriting Agreement • September 25th, 2020 • National Storage Affiliates Trust • Real estate investment trusts • New York
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REGISTERED FORWARD CONFIRMATION
Registered Forward Confirmation • September 25th, 2020 • National Storage Affiliates Trust • Real estate investment trusts • New York

The purpose of this letter agreement is to confirm the terms and conditions of the Transaction entered into between Morgan Stanley & Co. LLC (“Dealer”) and National Storage Affiliates Trust (“Counterparty”) on the Trade Date specified below (the “Transaction”). This letter agreement constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below. This letter agreement shall be a “Confirmation” for purposes of the Agreement specified below.

REGISTERED FORWARD CONFIRMATION
Registered Forward Transaction Confirmation • September 25th, 2020 • National Storage Affiliates Trust • Real estate investment trusts • New York

The purpose of this letter agreement is to confirm the terms and conditions of the Transaction entered into between Citibank, N.A. (“Dealer”) and National Storage Affiliates Trust (“Counterparty”) on the Trade Date specified below (the “Transaction”). This letter agreement constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below. This letter agreement shall be a “Confirmation” for purposes of the Agreement specified below.

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