Exhibit 10.2

 

EXECUTION VERSION

 

FIRST AMENDMENT

 

FIRST AMENDMENT, dated as of April 29, 2016 (the “Amendment”), to the Credit
Agreement, dated as of June 27, 2011, as amended and restated as of July 2, 2015
(as further amended, restated, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among IRON MOUNTAIN INCORPORATED, a Delaware
corporation (the “Parent”), IRON MOUNTAIN INFORMATION MANAGEMENT, LLC, a
Delaware limited liability company (the “Company”), each of the other Borrowers
party thereto, the several banks and other financial institutions or entities
from time to time parties to the Credit Agreement as Lenders (the “Lenders”),
JPMORGAN CHASE BANK, TORONTO BRANCH, as Canadian Administrative Agent (in such
capacity, the “Canadian Administrative Agent”) and JPMORGAN CHASE BANK, N.A., as
administrative agent for the Lenders (in such capacity, the “Administrative
Agent”), and the other parties thereto.

 

W I T N E S S E T H:

 

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

 

WHEREAS, the Company has requested certain amendments 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 parties hereto hereby agree as follows:

 

1.                                      Defined Terms.  Unless otherwise defined
herein, all capitalized terms used herein shall have the meanings given to them
in the Credit Agreement.

 

2.                                      Amendments to Credit Agreement.

 

(a)                                 Section 1.01 of the Credit Agreement is
amended by adding the following definition in the appropriate alphabetical
order:

 

“‘Bridge Credit Agreement” shall mean the Bridge Credit Agreement, dated as of
April 29, 2016, among the Company, the several banks and other financial
institutions or entities from time to time party thereto and JPMorgan Chase
Bank, N.A., as administrative agent, as in effect on the date of execution
thereof.’”

 

“Bail-In Action”: the exercise of any Write-Down and Conversion Powers by the
applicable EEA Resolution Authority in respect of any liability of an EEA
Financial Institution.

 

“Bail-In Legislation”: with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council
of the European Union, the implementing law for such EEA Member Country from
time to time which is described in the EU Bail-In Legislation Schedule.

 

“EEA Financial Institution”: (a) any credit institution or investment firm
established in any EEA Member Country which is subject to the supervision of an
EEA Resolution Authority, (b) any entity established in an EEA Member Country
which is a parent of an institution

 

--------------------------------------------------------------------------------

 

described in clause (a) of this definition, or (c) any institution established
in an EEA Member Country which is a subsidiary of an institution described in
clauses (a) or (b) of this definition and is subject to consolidated supervision
with its parent.

 

“EEA Member Country”: any of the member states of the European Union, Iceland,
Liechtenstein and Norway.

 

“EEA Resolution Authority”: any public administrative authority or any Person
entrusted with public administrative authority of any EEA Member Country
(including any delegee) having responsibility for the resolution of any EEA
Financial Institution.

 

“EU Bail-In Legislation Schedule”: the EU Bail-In Legislation Schedule published
by the Loan Market Association (or any successor Person), as in effect from time
to time.

 

“Write-Down and Conversion Powers”: with respect to any EEA Resolution
Authority, the write-down and conversion powers of such EEA Resolution Authority
from time to time under the Bail-In Legislation for the applicable EEA Member
Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule.

 

(b)                                 Section 1.01 of the Credit Agreement is
further amended by amending the definition of “Funded Indebtedness” to add the
following words at the end thereof:

 

“or under the Bridge Credit Agreement.”

 

(c)                                  Section 1.01 of the Credit Agreement is
further amended by amending the definition of “Defaulting Lender” to add the
following words at the end thereof:

 

“or a Bail-In Action.”

 

(d)                                 Section 9.08(iv) of the Credit Agreement is
amended by adding the following parenthetical immediately after the word
“Indebtedness”:

 

“(other than Indebtedness under the Bridge Credit Agreement)”

 

(e)                                  Clause (e) of Section 9.08(v) of the Credit
Agreement is amended in full to read as follows:

 

“(e) Indebtedness consisting of reimbursement obligations in respect of bank
guarantees or letters of credit issued by any bank for the account of the Parent
or any of its Subsidiaries, in an aggregate amount incurred pursuant to this
clause (e) not to exceed $25,000,000 at any time;”

 

(f)                                   Clause (ii) of Section 9.17(iv) of the
Credit Agreement is amended in full to read as follows:

 

“(ii) either (A) such other purchase, redemption or retirement is in connection
with a refinancing of such Subordinated Indebtedness or Senior Unsecured Debt
with the proceeds of, or in connection with an exchange of such Subordinated
Indebtedness or Senior Unsecured Debt for a new series of, Senior Subordinated
Debt or Senior Unsecured Debt issued within 180 days of the substantial
completion of such purchase, redemption or retirement, (B) after giving effect
to such purchase, redemption or retirement and any related incurrence of
Indebtedness, the Net Total Lease Adjusted

 

--------------------------------------------------------------------------------

 

Leverage Ratio, on a pro forma basis, after giving effect to such purchase,
redemption or retirement and any Stock Repurchase and any Dividend Payment
consummated on or prior to the date thereof, and to any borrowings to finance
the same, is less than or equal to 6.5 to 1.0 or (C) such other purchase,
redemption or retirement is of Indebtedness under the Bridge Credit Agreement.”

 

(g)                                  Section 9.21(e) of the Credit Agreement is
amended by adding the following proviso at the end thereof:

 

“; provided that, notwithstanding anything to the contrary in the Canadian
Borrower Pledge Agreement, the Canadian Borrowers shall not be required to
pledge the Capital Stock of any entity acquired pursuant to the Scheme
Implementation Deed, dated as of June 8, 2015, entered into by and among Recall
Holdings Limited and the Parent (the “Recall Acquisition”) so long as (i) such
entity does not hold any material assets more than five Business Days following
the closing of the Recall Acquisition and (ii) resolutions are adopted within
such period of five Business Days approving such entity’s wind-up and
dissolution, and such dissolution is completed as soon as practicable
thereafter.”

 

(g)                                  The following new Section 12.23 shall be
added to the end thereof:

 

12.23                 Acknowledgment and Consent to Bail-In of EEA Financial
Institutions.

 

Notwithstanding anything to the contrary in any Loan Document or in any other
agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any EEA Financial Institution arising
under any Loan Document may be subject to the write-down and conversion powers
of an EEA Resolution Authority and agrees and consents to, and acknowledges and
agrees to be bound by:

 

(a)  the application of any Write-Down and Conversion Powers by an EEA
Resolution Authority to any such liabilities arising hereunder which may be
payable to it by any party hereto that is an EEA Financial Institution; and

 

(b)                                 the effects of any Bail-In Action on any
such liability, including, if applicable:

 

(i)                                     a reduction in full or in part or
cancellation of any such liability;

 

(ii)                                  a conversion of all, or a portion of, such
liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent entity, or a bridge institution that may be issued to it
or otherwise conferred on it, and that such shares or other instruments of
ownership will be accepted by it in lieu of any rights with respect to any such
liability under this Agreement or any other Loan Document; or

 

(iii)                               the variation of the terms of such liability
in connection with the exercise of the write-down and conversion powers of any
EEA Resolution Authority.

 

3.                                      Representations and Warranties.  On and
as of the date hereof, each of the Parent and the Company hereby confirms,
reaffirms and restates the representations and warranties set forth in Section 8
of the Credit Agreement and the representations and warranties in the Basic
Documents mutatis mutandis, except to the extent that such representations and
warranties expressly relate to a specific earlier date in which case the Parent
and the Company each hereby confirms, reaffirms and restates such
representations and warranties as of such earlier date.  Each of

 

--------------------------------------------------------------------------------

 

the Parent and the Company represents and warrants that, after giving effect to
this Amendment, no Default or Event of Default has occurred and is continuing.

 

4.                                      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)                                 Amendment.  The Administrative Agent shall
have received this Amendment executed and delivered by the Administrative Agent,
the Canadian Administrative Agent, the Parent, the Company  and the Lenders
party to the Credit Agreement constituting the “Majority Lenders” thereunder and
the Term Lenders having more than 50% of the aggregate principal amount of the
Term Loans.

 

(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
Parent, the Company, each of the other Borrowers and each Subsidiary Guarantor.

 

5.                                      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.

 

6.                                      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.

 

7.                                      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, the Canadian Administrative Agent or the Administrative Agent. 
Except as expressly amended hereby, the provisions of the Credit Agreement are
and shall remain in full force and effect.

 

8.                                      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.

 

9.                                      Loan Document; Integration.  This
Amendment shall constitute a Basic Document.  This Amendment and the other Basic
Documents represent the agreement of each Borrower, each Subsidiary Guarantor,
the Canadian Administrative Agent, the Administrative Agent and the Lenders with
respect to the subject matter hereof, and there are no promises, undertakings,
representations or warranties by the Canadian Administrative Agent, 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.

 

--------------------------------------------------------------------------------

 

10.                               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.

 

11.                               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.

 

--------------------------------------------------------------------------------

 

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 INFORMATION MANAGEMENT, LLC

 

 

 

 

 

 

 

By:

/s/ John P. Lawrence

 

 

Name:

John P. Lawrence

 

 

Title:

Senior Vice President and Treasurer

 

 

 

 

 

 

 

IRON MOUNTAIN INCORPORATED

 

 

 

 

 

 

 

By:

/s/ John P. Lawrence

 

 

Name:

John P. Lawrence

 

 

Title:

Senior Vice President and Treasurer

 

 

 

 

 

 

 

IRON MOUNTAIN FULFILLMENT SERVICES, INC.

 

IRON MOUNTAIN INTELLECTUAL PROPERTY MANAGEMENT, INC.

 

IRON MOUNTAIN GLOBAL LLC

 

IRON MOUNTAIN US HOLDINGS, INC.

 

IRON MOUNTAIN SECURE SHREDDING, INC.

 

IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES, INC.

 

 

 

 

 

 

 

By:

/s/ John P. Lawrence

 

 

Name:

John P. Lawrence

 

 

Title:

Senior Vice President and Treasurer

 

 

 

 

 

 

 

IRON MOUNTAIN CANADA OPERATIONS ULC

 

IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES CANADA, INC.

 

IRON MOUNTAIN SECURE SHREDDING CANADA, INC.

 

 

 

 

 

By

/s/ John P. Lawrence

 

Name:

John P. Lawrence

 

Title:

Senior Vice President and Treasurer

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

IRON MOUNTAIN SWITZERLAND GMBH

 

 

 

 

 

 

 

By

/s/ Christopher LaRochelle

 

Name:

Christopher LaRochelle

 

Title:

Managing Director

 

 

 

 

 

 

 

IRON MOUNTAIN EUROPE PLC

 

 

 

 

 

 

 

By

/s/ Simon Golesworthy

 

Name:

Simon Golesworthy

 

Title:

Director

 

 

 

 

 

 

 

IRON MOUNTAIN HOLDINGS (EUROPE) LIMITED

 

 

 

 

 

 

By

/s/ Simon Golesworthy

 

Name:

Simon Golesworthy

 

Title:

Director

 

 

 

 

 

 

 

IRON MOUNTAIN AUSTRALIA HOLDINGS PTY LTD

 

 

 

 

 

By

/s/ Marc Duale

 

Name:

Marc Duale

 

Title:

Director

 

 

 

 

 

 

 

 

 

IRON MOUNTAIN AUSTRALIA SERVICES PTY LTD

 

 

 

 

 

 

 

By

/s/ Marc Duale

 

Name:

Marc Duale

 

Title:

Director

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

IRON MOUNTAIN (UK) LIMITED

 

 

 

 

 

 

 

By

/s/ Simon Golesworthy

 

Name:

Simon Golesworthy

 

Title:

Director

 

 

 

 

 

 

 

IRON MOUNTAIN AUSTRIA ARCHIVIERUNG GMBH

 

 

 

 

 

 

 

By

/s/ Robert Nedeljkovic

 

Name:

Robert Nedeljkovic

 

Title:

Managing Director

 

 

 

 

 

 

 

IRON MOUNTAIN INTERNATIONAL HOLDINGS BV

 

 

 

 

 

 

 

By

/s/ Marc Duale

 

Name:

Marc Duale

 

Title:

Director A

 

 

 

 

 

 

 

 

 

IRON MOUNTAIN LUXEMBOURG SERVICES

 

S.À R.L., LUXEMBOURG, SCHAFFHAUSEN BRANCH

 

 

 

 

 

 

 

By

/s/ Christopher LaRochelle

 

Name:

Christopher LaRochelle

 

Title:

Manager

 

 

 

 

 

 

 

IRON MOUNTAIN HOLDINGS (FRANCE) SNC

 

 

 

 

 

 

 

By

/s/ Marc Duale

 

Name:

Marc Duale

 

Title:

Representative

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

IRON MOUNTAIN FRANCE SAS

 

 

 

 

 

By

/s/ Edward Hladky

 

Name:

Edward Hladky

 

Title:

President

 

 

 

 

 

 

 

IRON MOUNTAIN PARTICIPATIONS SA

 

 

 

 

 

 

 

By

/s/ Patrick Keddy

 

Name:

Patrick Keddy

 

Title:

The Chairman

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

JPMORGAN CHASE BANK, N.A., as

 

Administrative Agent and as a Lender

 

 

 

 

 

By:

/s/ Gene Riego de Dios

 

 

Name: Gene Riego de Dios

 

 

Title: Vice President

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

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

 

 

 

 

 

By:

/s/ Gene Riego de Dios

 

 

Name: Gene Riego de Dios

 

 

Title: Vice President

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

 

 

 

 

 

By:

/s/ George Stoecklein

 

 

Name: George Stoecklein

 

 

Title: Director

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

Barclays Bank PLC, as Lender

 

 

 

 

 

By:

/s/ Christopher Aitkin

 

 

Name: Christopher Aitkin

 

 

Title: Assistant Vice President

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

Bank of America, N.A.

 

 

 

 

 

 

By:

/s/ John F. Lynch

 

 

Name: John F. Lynch

 

 

Title: S.V.P.

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

CITIZENS BANK, N.A., as Lender

 

 

 

 

 

 

By:

/s/ Cheryl Carangelo

 

 

Name: Cheryl Carangelo

 

 

Title: Managing Director

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

CREDIT AGRICOLE CORPORATE & INVESTMENT BANK

 

 

 

 

 

 

By

/s/ Mark Koneval

 

Name: Mark Koneval

 

Title: Managing Director

 

 

 

 

 

 

By

/s/ Gordon Yip

 

Name: Gordon Yip

 

Title: Director

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

Goldman Sachs Bank USA, as Lender

 

 

 

 

 

 

By:

/s/ Jerry Li

 

 

Name: Jerry Li

 

 

Title: Authorized Signatory

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

Signed for HSBC Bank Australia Limited

(ABN 48 006 434 162) by its attorney under

power of attorney in the presence of:

Power of Attorney Dated 15 May 2012

Permanent Order Book No. 277 Page 036 Item 010

 

 

/s/ Diana Jancevska

 

/s/ Brendon Green

Witness Signature

 

Attorney Signature

 

 

 

 

 

 

Diana Jancevska

 

Brendon Green

Print Name

 

Print Name

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

HSBC Bank USA, National Association, as Lender

 

 

 

 

 

 

 

By:

/s/ Manuel Burgueno

 

 

Name: Manuel Burgueno

 

 

Title: Senior Vice President

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

HSBC SECURITIES (USA) INC.

 

 

 

 

 

 

 

By:

/s/ Joseph Sheehan

 

 

Name: Joseph Sheehan

 

 

Title: Managing Director

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

People’s United Bank National Association, as Lender

 

 

 

 

 

 

 

By:

/s/ Yvette D. Hawkins

 

 

Yvette D. Hawkins

 

 

Senior Vice President

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

KBC Bank N.V., as Lender

 

 

 

 

 

 

 

By:

/s/ Lene E. Mosdoel

 

 

Name: Lene E. Mosdoel

 

 

Title: Associate

 

 

 

 

By:

/s/ Thomas R. Lalli

 

 

Name: Thomas R. Lalli

 

 

Title: Managing Director

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

MORGAN STANLEY BANK, N.A., as Lender

 

 

 

 

 

 

 

By:

/s/ Robbie Pearson

 

 

Name: Robbie Pearson

 

 

Title: Authorized Signatory

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

 

PNC Bank, National Association, as Lender

 

 

 

 

 

 

 

By:

/s/ Michael Richards

 

 

Name: Michael Richards

 

 

Title: Senior Vice President

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

ROYAL BANK OF CANADA, as Lender

 

 

 

 

 

 

 

By:

/s/ Sheena Lee

 

 

Name: Sheena Lee

 

 

Title: Authorized Signatory

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

Scotiabank Europe plc, as Lender

 

 

 

 

 

 

 

By:

/s/ NCF Petherbridge

 

 

Name:

NCF Petherbridge

 

 

Title:

Managing Director

 

 

 

 

By:

/s/ Martin Doyle

 

 

 

 

 

Name:

Martin Doyle

 

 

Title:

Director

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

SUNTRUST BANK, as a Lender

 

 

 

 

 

 

 

By:

/s/ Dave Felty

 

 

Name: Dave Felty

 

 

Title: Managing Director

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

 

TD BANK, N.A., as Lender

 

 

 

 

 

By:

/s/ Alan Garson

 

 

Name: Alan Garson

 

 

Title: Senior Vice President

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

The Huntington National Bank, as Lender

 

 

 

 

 

By:

/s/ Jared Shaner

 

 

Name: Jared Shaner

 

 

Title: Vice President

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

WEBSTER BANK, N.A. as Lender

 

 

 

 

 

By:

/s/ Raymond C. Hoefling

 

 

Name: Raymond C. Hoefling

 

 

Title: Senior Vice President

 

 

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

 

Wells Fargo Bank, N.A.

 

 

 

 

 

By:

/s/ David Mallett

 

 

Name: David Mallett

 

 

Title: Managing Director

 

[Signature Page to First Amendment]

 

--------------------------------------------------------------------------------

 

EXHIBIT A

 

ACKNOWLEDGMENT AND CONFIRMATION

 

ACKNOWLEDGMENT AND CONFIRMATION, dated as of April 29, 2016 (this
“Acknowledgment and Confirmation”) made by each of the signatories hereto.

 

1.             Reference is made to the First Amendment, dated as of April 29,
2016 (the “Amendment”), to the Credit Agreement, dated as of June 27, 2011, as
amended and restated as of July 2, 2015 (as further amended, restated
supplemented or otherwise modified from time to time, the “Credit Agreement”),
among IRON MOUNTAIN INCORPORATED, a Delaware corporation (the “Parent”), IRON
MOUNTAIN INFORMATION MANAGEMENT, LLC, a Delaware limited liability company (the
“Company”), each of the other Borrowers party thereto, JPMORGAN CHASE BANK,
TORONTO BRANCH, as Canadian Administrative Agent and JPMORGAN CHASE BANK, N.A.,
as administrative agent for the Lenders (in such capacity, the “Administrative
Agent”), and the other parties thereto. Unless otherwise defined herein, all
capitalized terms used herein shall have the meanings given to them in the
Credit Agreement.

 

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;

 

(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; and

 

(c)           all of the representations and warranties made by it set forth in
each such Basic Document are reaffirmed and restated mutatis mutandis, except to
the extent that such representations and warranties expressly relate to a
specific earlier date in which case such party hereby confirms, reaffirms and
restates such representations and warranties as of such earlier date.

 

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]

 

--------------------------------------------------------------------------------

 

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

 

IRON MOUNTAIN INFORMATION MANAGEMENT, LLC

 

IRON MOUNTAIN FULFILLMENT SERVICES, INC.

 

IRON MOUNTAIN INTELLECTUAL PROPERTY MANAGEMENT, INC.

IRON MOUNTAIN GLOBAL LLC

 

IRON MOUNTAIN US HOLDINGS, INC.

 

IRON MOUNTAIN SECURE SHREDDING, INC.

 

IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES, INC.

 

 

 

 

 

By:

 

 

 

Name:

John P. Lawrence

 

 

Title:

Senior Vice President and Treasurer

 

 

 

 

 

IRON MOUNTAIN GLOBAL HOLDINGS, INC.

 

NETTLEBED ACQUISITION CORP.

 

 

 

 

 

By:

 

 

 

Name:

John P. Lawrence

 

 

Title:

Senior Vice President and Treasurer

 

 

 

 

 

IRON MOUNTAIN CANADA OPERATIONS ULC

 

IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES CANADA, INC.

 

IRON MOUNTAIN SECURE SHREDDING CANADA, INC.

 

 

 

 

 

By

 

 

Name: John P. Lawrence

 

Title:  Senior Vice President and Treasurer

 

[Signature Page to Acknowledgement and Confirmation]

 

--------------------------------------------------------------------------------

 

 

IRON MOUNTAIN SWITZERLAND GMBH

 

 

 

 

 

By

 

 

Name: Christopher LaRochelle

 

Title: Managing Director

 

 

 

 

 

IRON MOUNTAIN EUROPE PLC

 

 

 

 

 

By

 

 

Name: Simon Golesworthy

 

Title: Director

 

 

 

 

 

IRON MOUNTAIN HOLDINGS (EUROPE) LIMITED

 

 

 

 

 

By

 

 

Name: Simon Golesworthy

 

Title: Director

 

 

 

 

 

IRON MOUNTAIN AUSTRALIA HOLDINGS PTY LTD

 

 

 

 

 

By

 

 

Name: Marc Duale

 

Title: Director

 

 

 

 

 

IRON MOUNTAIN AUSTRALIA SERVICES PTY LTD

 

 

 

 

 

By

 

 

Name: Marc Duale

 

Title: Director

 

[Signature Page to Acknowledgement and Confirmation]

 

--------------------------------------------------------------------------------

 

 

IRON MOUNTAIN (UK) LIMITED

 

 

 

 

 

By

 

 

Name: Simon Golesworthy

 

Title: Director

 

 

 

 

 

IRON MOUNTAIN AUSTRIA ARCHIVIERUNG GMBH

 

 

 

 

 

By

 

 

Name: Robert Nedeljkovic

 

Title: Managing Director

 

 

 

 

 

IRON MOUNTAIN INTERNATIONAL HOLDINGS

 

BV

 

 

 

 

 

By

 

 

Name: Marc Duale

 

Title: Director A

 

 

 

 

 

IRON MOUNTAIN LUXEMBOURG SERVICES S.À R.L., LUXEMBOURG, SCHAFFHAUSEN BRANCH

 

 

 

 

 

By

 

 

Name: Christopher LaRochelle

 

Title: Manager

 

 

 

 

 

IRON MOUNTAIN HOLDINGS (FRANCE) SNC

 

 

 

 

 

By

 

 

Name: Marc Duale

 

Title: Representative

 

[Signature Page to Acknowledgement and Confirmation]

 

--------------------------------------------------------------------------------

 

 

IRON MOUNTAIN FRANCE SAS

 

 

 

 

 

By

 

 

Name: Edward Hladky

 

Title: President

 

 

 

 

 

IRON MOUNTAIN PARTICIPATIONS SA

 

 

 

 

 

By

 

 

Name: Patrick Keddy

 

Title: The Chairman

 

[Signature Page to Acknowledgement and Confirmation]

 

--------------------------------------------------------------------------------