QTS Realty Trust, Inc. (the Company) and Daniel T. Bennewitz, the Company's Chief Operating Officer-Sales, Marketing and Product, agreed on February 20, 2018 that Mr. Bennewitz would leave the Company and QualityTech, LP, the Company's operating partnership (the Operating Partnership), before the end of 2018. In connection with Mr. Bennewitz's departure, on May 3, 2018, the Company, the Operating Partnership, Quality Technology Services, LLC and Mr. Bennewitz entered into a transition agreement outlining the terms of his transition and departure (the Transition Agreement). The Transition Agreement provides that Mr. Bennewitz will retire effective December 31, 2018 (the Retirement Date).