EXHIBIT 10.1

 

 

THIRD AMENDMENT

THIRD AMENDMENT, dated as of August 16, 2006 (the “Amendment”), to the Seventh
Amended and Restated Credit Agreement, dated as of July 8, 2004 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”),
among IRON MOUNTAIN INCORPORATED, a Delaware corporation (the “Company”), IRON
MOUNTAIN CANADA CORPORATION, a company organized under the laws of the Province
of Nova Scotia, the several banks and other financial institutions or entities
from time to time parties to the Credit Agreement (the “Lenders”), [BANK OF
AMERICA, N.A.], as syndication agent, WACHOVIA BANK, NATIONAL ASSOCIATION and
THE BANK OF NOVA SCOTIA, as co-documentation agents, JPMORGAN CHASE BANK,
TORONTO BRANCH, as Canadian Administrative Agent, JPMORGAN CHASE BANK, N.A., as
administrative agent for the Lenders (in such capacity, the “Administrative
Agent”) and J.P. MORGAN SECURITIES INC., as arranger and bookrunner.

W I T N E S S E T H:

WHEREAS, the Company, the Lenders and the Administrative Agent are parties to
the Credit Agreement;

WHEREAS, the Company has requested certain amendments and waivers to the Credit
Agreement; and

WHEREAS, the Lenders are willing to agree to such amendments, subject to the
terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises and mutual covenants contained
herein, the Company, the Lenders and the Administrative Agent hereby agree as
follows:

 

1.

Defined Terms.

(a)   Unless otherwise defined herein, all capitalized terms used herein shall
have the meanings given to them in the Credit Agreement.

(b)   As used in this Amendment, the “Global Intercompany Transfers” refers to
the following transaction:

(i)                Iron Mountain Global, Inc. contributes its 62% ownership
interest in Iron Mountain Group (Europe) Ltd. to Iron Mountain (Netherlands)
B.V. for additional shares in Iron Mountain (Netherlands) B.V.;

(ii)               Iron Mountain Global, Inc. contributes its 100% ownership
interest in Iron Mountain Mayflower Ltd. to Iron Mountain (Netherlands) B.V. for
additional shares in Iron Mountain (Netherlands) B.V.; and

(iii)              Iron Mountain Global, Inc. contributes its 100% ownership
interest in Iron Mountain (Netherlands) B.V. to Iron Mountain Cayman Ltd. for
additional shares in Iron Mountain Cayman Ltd.

(c)   As used in this Amendment, the “IME Intercompany Refinancing” refers to a
series of transactions in which the Company, directly and indirectly through
wholly owned subsidiaries, will

 

 

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contribute to Iron Mountain Switzerland GmbH, a wholly owned subsidiary of the
Company, a loan receivable owing to the Company by Iron Mountain Europe Limited
in the aggregate amount not to exceed £205 million.

2.            Amendment to Section 9.09. Section 9.09 of the Credit Agreement is
hereby amended by deleting the table appearing therein in its entirety and
substituting in lieu thereof the following new table:

Period

Consolidated

Leverage Ratio

From June 30, 2004 through December 31, 2005

5.25 to 1

From January 1, 2006 through June 30, 2006

5.00 to 1

From July 1, 2006 through March 31, 2007

4.75 to 1

From April 1, 2007 through December 31, 2007

4.50 to 1

From January 1, 2008 and thereafter

4.25 to 1

 

3.            Amendment to Section 9.10. Section 9.10 of the Credit Agreement is
hereby amended by deleting the table appearing therein in its entirety and
substituting in lieu thereof the following new table:

Period

Domestic

Leverage Ratio

From June 30, 2004 through December 31, 2005

5.50 to 1

From January 1, 2006 through March 31, 2007

5.25 to 1

From April 1, 2007 through September 30, 2007

5.00 to 1

From October 1, 2007 through December 31, 2007

4.75 to 1

From January 1, 2008 and thereafter

4.50 to 1

 

4.            Waivers. The Lenders hereby waive Sections 9.12 and 9.24 to the
extent necessary to allow for the sales, assignments and transfers contemplated
by the Global Intercompany Transfers. Further, the Lenders hereby waive section
9.24 to the extent necessary to allow for the transactions contemplated by the
IME Intercompany Refinancing. The Lenders further acknowledge and agree that the
Global Intercompany Transfer and the IME Intercompany Refinancing shall not
affect any computation of the available “basket” amount in Section 9.24 (net of
any cash returns on any such Investments and any reductions in any such
Guaranties received or made after August 16, 2006).

5.            Representations and Warranties. On and as of the date hereof, the
Company hereby confirms, reaffirms and restates the representations and
warranties set forth in Section 8 of the Credit Agreement mutatis mutandis,
except to the extent that such representations and warranties

 

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expressly relate to a specific earlier date in which case the Company hereby
confirms, reaffirms and restates such representations and warranties as of such
earlier date. The Company represents and warrants that, after giving effect to
this Amendment, no Default or Event of Default has occurred and is continuing.

6.            Effectiveness. This Amendment shall become effective as of the
date set forth above (the “Effective Date”) upon the satisfaction of the
following conditions precedent:

(a)   Third Amendment. The Administrative Agent shall have received this
Amendment executed and delivered by the Administrative Agent, the Company, and
Lenders party to the Credit Agreement constituting the “Majority Lenders”
thereunder (or, in the case of any Lender, a lender addendum or joinder
agreement in a form specified by the Administrative Agent).

(b)   Security Documents. The Administrative Agent shall have received the
Acknowledgment and Confirmation, substantially in the form of Exhibit A hereto,
executed and delivered by an authorized officer of the Company, the Canadian
Borrower and each Subsidiary Guarantor.

7.            Valid and Binding. This Amendment shall be binding upon and inure
to the benefit of each of the parties hereto and their respective successors and
assigns.

8.            Payment of Expenses. The Company agrees to pay or reimburse the
Administrative Agent for all out-of-pocket costs and expenses incurred in
connection with the Amendment, any other documents prepared in connection
herewith and the transactions contemplated hereby, including, without
limitation, the reasonable fees and disbursements of counsel.

9.            Reference to and Effect on the Credit Agreement; Limited Effect.
On and after the Effective Date, each reference in the Credit Agreement to “this
Agreement”, “hereunder”, “hereof” or words of like import referring to the
Credit Agreement shall mean and be a reference to the Credit Agreement as
amended hereby. This Amendment shall not constitute an amendment of any other
provision of the Credit Agreement not expressly referred to herein and shall not
be construed as a waiver or consent to any further or future action on the part
of the Company that would require a waiver or consent of the Lenders or the
Administrative Agent. Except as expressly amended hereby, the provisions of the
Credit Agreement are and shall remain in full force and effect.  

10.          Severability. Any provision of this Amendment which is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

11.          Loan Document; Integration. This Amendment shall constitute a Basic
Document. This Amendment and the other Basic Documents represent the agreement
of the Company, the Canadian Borrower, each Subsidiary Guarantor, the
Administrative Agent and the Lenders with respect to the subject matter hereof,
and there are no promises, undertakings, representations or warranties by the
Administrative Agent or any Lender relative to the subject matter hereof not
expressly set forth or referred to herein or in the other Basic Documents.

12.          GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

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13.          Counterparts. This Amendment may be executed by one or more of the
parties hereto in any number of separate counterparts (which may include
counterparts delivered by facsimile transmission), each of which shall be deemed
to be an original, and all of which taken together shall be deemed to constitute
one and the same instrument.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their proper and duly authorized officers as of the
day and year first above written.

IRON MOUNTAIN INCORPORATED

 

 

 

By:

/s/ J.P. Lawrence

 

 Name: J.P. Lawrence

 

Title: Senior Vice President and Treasurer

 

 

 

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JPMORGAN CHASE BANK, as

Administrative Agent and as a Lender

 

 

 

By:

/s/ Robert Sacks

 

Name: Robert Sacks

 

Title: Managing Director

 

 

 

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JPMORGAN CHASE BANK, N.A. TORONTO
BRANCH, as Canadian Administrative Agent and as a
Canadian Lender

 

 

By: /s/ Christine Chan

 

 Name: Christine Chan

 

Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

HSBC Bank USA, N.A.

 

 

 

 

 

By: /s/ Dan Lobdell

Name: Dan Lobdell
Title: Vice President, Global Relationship Manager

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

By: PPM America, Inc., as Attorney-in-fact, on
behalf of Jackson National Life Insurance Company

 

 

 

 

 

By: /s/ David C. Wagner

Name: David C. Wagner
Title: Managing Director

 

 

 

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Signature page to the Third Amendment

dated as of __________, 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Bank of America, N.A.

 

 

 

 

 

By: /s/ John F. Lynch

Name: John F. Lynch
Title: Senior Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

National City Bank

 

 

 

 

 

By: /s/ Lyle P. Cunningham

Name: Lyle P. Cunningham
Title: Senior Vice President

 

 

 

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Signature page to the Third Amendment

dated as of August 16, 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

NATIONAL CITY BANK, CANADA BRANCH

 

 

 

 

 

By: /s/ Caroline Stade

Name: Caroline Stade
Title: Senior Vice President

 

By: /s/ Bill Hines

Name: Bill Hines

Title: Senior Vice President & Principal Officer

 

 

 

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Signature page to the Third Amendment

dated as of August 14, 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

PUTNAM FLOATING RATE INCOME FUND

 

 

 

 

 

By: See Following Page

Name:
Title:

 

 

 

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PUTNAM FLOATING RATE INCOME FUND

 

 

 

 

 

By: /s/ Beth Mazor

Name: Beth Mazor
Title: V.P.

 

 

 

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Signature page to the Third Amendment

dated as of August 14, 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

PUTNAM BANK LOAN FUND (CAYMAN) MASTER FUND

 

 

 

 

 

By: See Following Page

Name:
Title:

 

 

 

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PUTNAM BANK LOAN FUND (CAYMAN) MASTER FUND, a series of the PUTNAM OFFSHORE
MASTER SERIES TRUST, by The Putnam Advisory Company, LLC

 

 

 

 

 

By: /s/ Angela Patel

Name: Angela Patel
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of August 14, 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

PUTNAM HIGH YIELD TRUST

 

 

 

 

 

By: See Following Page

Name:
Title:

 

 

 

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PUTNAM HIGH YIELD TRUST

 

 

 

 

 

By: /s/ Beth Mazor

Name: Beth Mazor
Title: V.P.

 

 

 

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Signature page to the Third Amendment

dated as of August 14, 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

PUTNAM VARIABLE TRUST – PVT
DIVERSIFIED INCOME FUND

 

 

 

 

 

By: See Following Page

Name:
Title:

 

 

 

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PUTNAM VARIABLE TRUST – PVT
DIVERSIFIED INCOME FUND

 

 

 

 

 

By: /s/ Beth Mazor

Name: Beth Mazor
Title: V.P.

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Bear Stearns Corporate Lending Inc.

 

 

 

 

 

By: /s/ Victor Bulzacchelli

Name: Victor Bulzacchelli
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

The Sumitomo Trust and Banking Co., Ltd., New
York Branch

 

 

 

 

 

By: /s/ Elizabeth A. Quirk

Name: Elizabeth A. Quirk
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

The Prudential Insurance Company of America

 

 

 

 

 

By: Prudential Investment Management Inc., management advisor

/s/ Hubert Paul
Name: Hubert Paul
Title: Senior Account Associate

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

AIM TRIMARK CANADA FUND INC. (for its TRIMARK DIVERSIFIED INCOME CLASS)

 

 

 

 

 

By: /s/ Rex Chong

Name: AIM Funds Management Inc., in its capacity as manager of TRIMARK
DIVERSIFIED INCOME CLASS of AIM
Trimark Canada Fund Inc.
Title: Rex Chong, Portfolio Manager

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

TRIMARK FLOATING RATE INCOME FUND

 

 

 

 

 

By: /s/ Rex Chong

Name: AIM Funds management Inc., in its capacity as manager of TRIMARK FLOATING
RATE INCOME FUND
Title: Rex Chong, Portfolio Manager

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Union Bank of California, N.A.

 

 

 

 

 

By: /s/ Albert W. Kelley

Name: Albert W. Kelley
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

SOVEREIGN BANK

 

 

 

 

 

By: /s/ Robert H. Rivet

Name: Robert H. Rivet
Title: V.P.

 

 

 

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Signature page to the Third Amendment

dated as of [8/15/06], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

VAN KAMPEN SENIOR LOAN FUND

 

By: Van Kampen Asset Management

 

 

 

By: /s/ Robert P. Drobny

Name: Robert P. Drobny
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [8/15/06], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

VAN KAMPEN SENIOR INCOME TRUST

 

By: Van Kampen Asset Management

 

 

 

By: /s/ Robert P. Drobny

Name: Robert P. Drobny
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of August 16, 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

UNITED OVERSEAS BANK LIMITED

 

 

 

 

 

By: /s/ K. Jin Koh

Name: K. Jin Koh
Title: General Manager

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

UNITED OVERSEAS BANK LIMITED, NY AGENCY

 

 

 

 

 

By: /s/ George Lim

Name: George Lim
Title: FVP & General Manager

 

By: /s/ Mario Sheng

Name: Mario Sheng

Title: AVP

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Wachovia Bank, N.A.

 

 

 

 

 

By: /s/ John G. Taylor

Name: John G. Taylor
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

THE BANK OF NOVA SCOTIA

 

 

 

 

 

By: /s/ John Morale

Name: John Morale
Title: Managing Director

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

JUPITER LOAN FUNDING LLC

 

 

 

 

 

By: /s/ Kristi Milton

Name: Kristi Milton
Title: Assistant Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

GENERAL ELECTRIC CAPITAL CORPORATION, as Administrator for, GE CFS LOAN HOLDING
2006-2 LLC

 

 

 

 

 

By: /s/ Amanda J. van Heyst

Name: Amanda J. van Heyst
Title: Duly Authorized Signatory

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

GENERAL ELECTRIC CAPITAL CORPORATION

 

 

 

 

 

By: /s/ Amanda J. van Heyst

Name: Amanda J. van Heyst
Title: Duly Authorized Signatory

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Citizens Bank of Massachusetts

 

 

 

 

 

By: /s/ Li-Mei Yang

Name: Li-Mei Yang
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Metropolitan Insurance & Investment Trust

 

 

 

 

 

By: /s/ James R. Dingler

Name: James R. Dingler
Title:

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Metropolitan Life Insurance Company

 

 

 

 

 

By: /s/ James R. Dingler

Name: James R. Dingler
Title:

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Madison Avenue CDO I, Limited

By: Metropolitan Life Insurance Company, as Collateral Manager

 

 

 

 

 

By: /s/ James R. Dingler

Name: James R. Dingler
Title:

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

FALL CREEK CLO, Ltd.

 

 

 

 

 

By: /s/ Thomas N. Davis

Name: Thomas N. Davis
Title: Authorized Signer

 

 

 

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Signature page to the Third Amendment

dated as of [ 8/16 ], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

ING PRIME RATE TRUST

 

By: ING Investment Management Co.

as its investment manager

 

 

 

By: /s/ Brian Horton

Name: Brian Horton
Title: SVP

 

ING SENIOR INCOME FUND

By: ING Investment Management Co.

as its investment manager

 

By: /s/ Brian Horton

Name: Brian Horton

Title: SVP

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

The Bank of New York

 

 

 

 

 

By: /s/ Kenneth P. Sneider, Jr.

Name: Kenneth P. Sneider, Jr.
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of August 16th, 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Webster Bank, National Association

 

 

 

 

 

By: /s/ Hans Jung

Name: Hans Jung
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [ 8/16 ], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

BNP Paribas

 

 

 

 

 

By: /s/ Richard Pace

Name: Richard Pace
Title: Managing Director

 

By: /s/ Angela B. Arnold

Name: Angela B. Arnold

Title: Director

 

 

 

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Signature page to the Third Amendment

dated as of [ Aug. 16 ], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

BNP Paribas (Canada)

 

 

 

 

 

By: /s/ T. Baratta

Name: T. Baratta
Title: Director

 

 

 

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BABSON CLO LTD. 2004-II

BABSON CLO LTD. 2005-I

BABSON CLO LTD. 2006-I

BABSON CLO LTD. 2006-II

BABSON CLO LTD. 2006-III

SUFFIELD CLO, LIMITED

SAPPHIRE VALLEY CDO I, LTD.

By: Babson Capital Management LLC as Collateral Manager

 

By: /s/ Vicky S.F. Soo

Name: Vicky S.F. Soo

Title: Director

 

C.M. LIFE INSURANCE COMPANY

By: Babson Capital Management LLC as Investment Sub-Adviser

 

By: /s/ Vicky S.F. Soo

Name: Vicky S.F. Soo

Title: Director

 

 

 

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY

By: Babson Capital Management LLC as Investment Advisor

 

 

By: /s/ Vicky S.F. Soo

Name: Vicky S.F. Soo

Title: Director

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Fidelity Central Investment Portfolios LLC: Fidelity Floating Rate Central
Investment Portfolio

 

 

 

 

 

By: /s/ John H. Costello

Name: John H. Costello
Title: Assistant Treasurer

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Fidelity Advisor Series II: Fidelity Advisor Floating Rate High Income Fund

 

 

 

 

 

By: /s/ John H. Costello

Name: John H. Costello
Title: Assistant Treasurer

 

 

 

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Signature page to the Third Amendment

dated as of [ Aug. 16 ], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

PPM SHADOW CREEK FUNDING LLC

 

 

 

 

 

By: /s/ Kristi Milton

Name: Kristi Milton
Title: Assistant Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

SENIOR DEBT PORTFOLIO

 

By: Boston Management and Research as Investment Advisor

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE SENIOR INCOME TRUST

 

By: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE INSTITUTIONAL SENIOR
LOAN FUND

 

By: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE CDO III, LTD.

 

By: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE CDO VI LTD.

 

By: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Eaton Vance CDO VIII, Ltd.

 

By: Eaton Vance Management As Investment
Advisor

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

GRAYSON & CO.

 

By: BOSTON MANAGEMENT AND RESEARCH
AS INVESTMENT ADVISOR

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

THE NORINCHUKIN BANK, NEW YORK BRANCH, through State Street Bank and Trust
Company N.A. as Fiduciary Custodian

 

By: Eaton Vance Management, Attorney-in-fact

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

BIG SKY III SENIOR LOAN TRUST

 

By: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE

VT FLOATING-RATE INCOME FUND

 

By: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE

LIMITED DURATION INCOME FUND

 

By: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE SENIOR FLOATING-RATE
TRUST

 

By: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

EATON VANCE FLOATING-RATE INCOME TRUST

 

By: EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR

 

 

 

By: /s/ Scott H. Page

Name: Scott H. Page
Title: Vice President

 

 

 

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Signature page to the Third Amendment

dated as of [__________], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

KZH Pondview LLC

 

 

 

 

 

By: /s/ Virginia Conway

Name: Virginia Conway
Title: Authorized Signatory

 

 

 

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Signature page to the Third Amendment

dated as of August 16, 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

Calyon New York Branch

 

 

 

 

 

By: /s/ Phil Schubert

Name: Phil Schubert
Title: Director

 

By: /s/ Yuri Muzichenki

Name: Yuri Muzichenko

Title: Director

 

 

 

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Signature page to the Third Amendment

dated as of [ Aug. 16 ], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

CHARTER VIEW PORTFOLIO

 

By: INVESCO Senior Secured Management, Inc.

As Investment Advisor

 

 

 

By: /s/ Thomas H.B. Ewald

Name: Thomas H.B. Ewald
Title: Authorized Signatory

 

 

 

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Signature page to the Third Amendment

dated as of [ Aug. 16 ], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

DIVERSIFIED CREDIT PORTFOLIO LTD.

 

By: INVESCO Senior Secured Management, Inc.

as Investment Advisor

 

 

 

By: /s/ Thomas H.B. Ewald

Name: Thomas H.B. Ewald
Title: Authorized Signatory

 

 

 

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Signature page to the Third Amendment

dated as of [ Aug. 16 ], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

AIM FLOATING RATE FUND

 

By: INVESCO Senior Secured Management, Inc.

As Sub-Adviser

 

 

 

By: /s/ Thomas H.B. Ewald

Name: Thomas H.B. Ewald
Title: Authorized Signatory

 

 

 

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Signature page to the Third Amendment

dated as of [ Aug. 16 ], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

INVESCO CBO 2000-1 LTD.

 

By: INVESCO Senior Secured Management, Inc.

As Portfolio Advisor

 

 

 

By: /s/ Thomas H.B. Ewald

Name: Thomas H.B. Ewald
Title: Authorized Signatory

 

 

 

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Signature page to the Third Amendment

dated as of [ Aug. 16 ], 2006 to the

IRON MOUNTAIN INCORPORATED

Seventh Amended and Restated Credit Agreement

 

 

NAUTIQUE FUNDING LTD.

 

By: INVESCO Senior Secured Management, Inc.

As Collateral Manager

 

 

 

By: /s/ Thomas H.B. Ewald

Name: Thomas H.B. Ewald
Title: Authorized Signatory

 

 

 

 

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EXHIBIT A

FORM OF ACKNOWLEDGMENT AND CONFIRMATION

ACKNOWLEDGMENT AND CONFIRMATION, dated as of [___________], 2006 (this
“Acknowledgment and Confirmation”) made by each of the signatories hereto.

1.            Reference is made to Third Amendment, dated as of August 16, 2006
(the “Amendment”), to the Seventh Amended and Restated Credit Agreement, dated
as of July 8, 2004 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among IRON MOUNTAIN INCORPORATED, a Delaware
corporation (the “Company”), IRON MOUNTAIN CANADA CORPORATION, a company
organized under the laws of the Province of Nova Scotia, the several banks and
other financial institutions or entities from time to time parties to the Credit
Agreement (the “Lenders”), [BANK OF AMERICA, N.A.], as syndication agent,
WACHOVIA BANK, NATIONAL ASSOCIATION and THE BANK OF NOVA SCOTIA, as
co-documentation agents, J.P. MORGAN BANK CANADA, as Canadian Administrative
Agent, JPMORGAN CHASE BANK, as administrative agent for the Lenders (in such
capacity, the “Administrative Agent”) and J.P. MORGAN SECURITIES INC., as
arranger and bookrunner.

2.            Each of the parties hereto hereby agrees, with respect to each
Basic Document to which it is a party:

(a)           all of its obligations, liabilities and indebtedness under such
Basic Document shall remain in full force and effect on a continuous basis after
giving effect to the Amendment; and

(b)           all of the Liens and security interests created and arising under
such Basic Document remain in full force and effect on a continuous basis after
giving effect to the Amendment, as collateral security for its obligations,
liabilities and indebtedness under the Credit Agreement and under its guarantees
in the Basic Documents.

3.            THIS ACKNOWLEDGMENT AND CONFIRMATION SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

4.            This Acknowledgment and Confirmation may be executed by one or
more of the parties hereto on any number of separate counterparts (including by
telecopy), and all of said counterparts taken together shall be deemed to
constitute one and the same instrument.

 

[rest of page intentionally left blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Acknowledgement and
Confirmation to be duly executed and delivered by their proper and duly
authorized officers as of the day and year first above written.

IRON MOUNTAIN INCORPORATED

 

 

 

 

By:____________________________
        Name:
        Title:

IRON MOUNTAIN CANADA CORPORATION

 

 

By:____________________________
        Name:
        Title:

 

 

 

SUBSIDIARY GUARANTORS

 

COMAC, INC.

IRON MOUNTAIN INTELLECTUAL PROPERTY MANAGEMENT, INC.

IRON MOUNTAIN GLOBAL, INC.

IRON MOUNTAIN GLOBAL, LLC

 

IRON MOUNTAIN INFORMATION

MANAGEMENT, INC.

MOUNTAIN REAL ESTATE ASSETS, INC.,

MOUNTAIN RESERVE II, INC.

TREELINE SERVICES CORPORATION

 

By:____________________________

 

Name:

 

Title:

 

SUBSIDIARY PLEDGORS

 

IRON MOUNTAIN GLOBAL, INC.

IRON MOUNTAIN GLOBAL, LLC

 

IRON MOUNTAIN INFORMATION

MANAGEMENT, INC.

TREELINE SERVICES CORPORATION

 

By:____________________________

 

Name:

 

Title:

 

 

 

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SUBSIDIARY GUARANTORS

 

IRON MOUNTAIN STATUTORY TRUST – 1998

 

By: U.S. BANK NATIONAL ASSOCIATION, not individually but as Owner Trustee under
that certain Amended and Restated Owner Trust Agreement dated as of October 1,
1998, as amended

 

By:______________________________

 

Name:

 

Title:

 

 

 

IRON MOUNTAIN STATUTORY TRUST – 1999

 

By: U.S. BANK NATIONAL ASSOCIATION, not individually but as Owner Trustee under
that certain
Owner Trust Agreement dated as of July 1, 1999, as
amended

 

By:______________________________

 

Name:

 

Title:

 

 

 

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SUBSIDIARY PLEDGORS

 

IRON MOUNTAIN STATUTORY TRUST – 1998

 

By: U.S. BANK NATIONAL ASSOCIATION, not individually but as Owner Trustee under
that certain Amended and Restated Owner Trust Agreement dated as
of October 1, 1998, as amended

 

By:______________________________

 

Name:

 

Title:

 

 

IRON MOUNTAIN STATUTORY TRUST – 1999

 

By: U.S. BANK NATIONAL ASSOCIATION, not individually but as Owner Trustee under
that certain
Owner Trust Agreement dated as of July 1, 1999, as
amended

 

By:______________________________

 

Name:

 

Title:

 

 

 

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