Asset Security Agreement



 Exhibit 10.2 
 Dated 27 June 2008 
 SAVVIS UK LIMITED 
 (as Borrower) 
 and 
 SAVVIS, INC. 
 (as Guarantor) 
 and 
 LOMBARD NORTH CENTRAL PLC 

 (as Lender) 
 ASSET SECURITY AGREEMENT 
 relating to 
 a term loan facility agreement 
 dated 27 June 2008 







 CONTENTS 
  

					
	 1
	  	 DEFINITIONS AND INTERPRETATION
	  	1
	 2
	  	 COVENANT TO PAY
	  	4
	 3
	  	 FIXED SECURITY
	  	5
	 4
	  	 DECLARATION OF TRUST
	  	6
	 5
	  	 GENERAL UNDERTAKINGS
	  	6
	 6
	  	 INSURANCE UNDERTAKINGS
	  	8
	 7
	  	 DATA CENTRE ASSETS UNDERTAKINGS
	  	9
	 8
	  	 REPRESENTATIONS AND WARRANTIES
	  	11
	 9
	  	 POWERS AND DISCRETIONS OF THE LENDER
	  	12
	 10
	  	 WHEN SECURITY BECOMES ENFORCEABLE
	  	12
	 11
	  	 ENFORCEMENT OF SECURITY
	  	13
	 12
	  	 APPOINTMENT AND REMOVAL OF RECEIVER
	  	13
	 13
	  	 APPLICATION OF PROCEEDS
	  	17
	 14
	  	 NO LIABILITY AS MORTGAGEE IN POSSESSION
	  	17
	 15
	  	 PROTECTION OF THIRD PARTIES
	  	18
	 16
	  	 EXPENSES
	  	18
	 17
	  	 DELEGATION BY LENDER
	  	18
	 18
	  	 FURTHER ASSURANCES
	  	18
	 19
	  	 REDEMPTION OF PRIOR SECURITY INTERESTS
	  	19
	 20
	  	 POWER OF ATTORNEY
	  	19
	 21
	  	 SUBSEQUENT SECURITY INTERESTS AND NEW ACCOUNTS
	  	20
	 22
	  	 CONTINGENCIES
	  	21
	 23
	  	 COMBINATION AND SET-OFF
	  	21
	 24
	  	 CURRENCY
	  	21
	 25
	  	 CERTIFICATES AND DETERMINATIONS
	  	22
	 26
	  	 INDEMNITIES AND EXPENSES
	  	22
	 27
	  	 EFFECTIVENESS OF SECURITY
	  	24
	 28
	  	 REASSIGNMENT AND RELEASE OF SECURITY
	  	26
	 29
	  	 MISCELLANEOUS
	  	26
	 30
	  	 ASSIGNMENTS, TRANSFER, ETC
	  	27
	 31
	  	 NOTICES
	  	28
	 32
	  	 COUNTERPARTS
	  	28
	 33
	  	 NON-CONTRAVENTION
	  	28
	 34
	  	 AMENDMENT
	  	28
	 35
	  	 GOVERNING LAW
	  	28
	 36
	  	 ENFORCEMENT
	  	28
	 SCHEDULE 1 (Details of Insurances)
	  	28
	 SCHEDULE 2 (Form of Notice of Assignment)
	  	29
	 SCHEDULE 3 (Details of Data Centre Assets)
	  	33

  

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 THIS DEED is dated 27 June 2008 
 BETWEEN 
  

	 	(1)	SAVVIS UK LIMITED, a private limited company incorporated under the laws of England and Wales with registered number 03816299 whose registered office is at Eskdale Road,
Winnersh Triangle, Wokingham, Berkshire RG41 5TS (the “Borrower”); 

  

	 	(2)	SAVVIS, INC. a Delaware Corporation (“SAVVIS, Inc.”); and 

  

	 	(3)	LOMBARD NORTH CENTRAL PLC, a company incorporated under the laws of England and Wales with registered number 00337004 and having its registered office at 3 Princess Way,
Redhill RH1 1NP (the “Lender”). 

 RECITALS 
  

	 	(A)	The Lender has agreed to make available to the Borrower a term loan facility in an amount of up to £35,000,000 pursuant to, and in accordance with, the Facility Agreement.
SAVVIS, Inc. has agreed to guarantee the obligations of the Borrower under, inter alia, the Facility Agreement. 

  

	 	(B)	It is a condition precedent to the obligations of the Lender to make available the term loan facility to the Borrower under the Facility Agreement that, inter alia, the Borrower and
SAVVIS, Inc. enter into this Deed as security for their obligations under the Facility Agreement and other related documents. 

  

	 	(C)	The Borrower and SAVVIS, Inc. have agreed to enter into this Deed on the terms set out below. 

 OPERATIVE PROVISIONS 
  

	 	1	DEFINITIONS AND INTERPRETATION 

  

	 	1.1	Definitions 

 In this Deed, the following words and
expressions have the following meanings: 
 “Act” means the Law of Property Act 1925; 
 “Class A Data Centre Assets” means all those assets listed in Schedule 3 referred to as the Class A Assets and all other assets
from time to time acquired by the Borrower after the date hereof pursuant to the terms of the Construction Contracts and all replacements and substitutions thereto from time to time; 
 “Class B Data Centre Assets” means those assets listed in Schedule 3 referred to as the Class B Assets and all replacements and
substitutions thereto from time to time. 
 “Construction Contracts” has the meaning given to it in the Facility Agreement;

 “Data Centre Assets” means all of the Class A Data Centre Assets and the Class B Data Centre Assets; 
 “Data Centres” means the Docklands Data Centre, the Slough Data Centre and the Winnersh Data Centre; 
  

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 “Default Rate” means, in relation to any amount not paid on its due date by the
Borrower, the rate specified in Clause 9.3.1 (Default Interest) of the Facility Agreement; 
 “Docklands Data Centre”
means the Borrower’s Data Centre at Greenwich View Place, Millharbour, London; 
 “Facility Agreement” means the
facility agreement dated 27 June 2008 and entered into by (1) the Borrower, (2) the Lender and (3) SAVVIS, Inc. as Guarantor, pursuant to which the Lender has agreed to make available a term loan facility in the maximum principal
amount of £35,000,000 to the Borrower; 
 “IA86” means the Insolvency Act 1986; 
 “Insurances” shall have the meaning given to it in the Facility Agreement which, as at the date hereof, are more particularly set out in
Schedule 1 hereto and, for the avoidance of doubt and for the purposes of this Deed shall not include any third party liability insurance or product liability insurance maintained by the Borrower or SAVVIS, Inc. or any proceeds arising therefrom;

 “Intercreditor Agreement” means an agreement dated on or about the date hereof between (1) the Lender;
(2) Wells Fargo Foothill Inc. (as agent) for all Senior Lenders and all Bank Product Providers (each as defined therein); and acknowledged by (1) SAVVIS Communications Corporation; (2) SAVVIS, Inc.; (3) SAVVIS Communications
International, Inc.; (4) SAVVIS Federal Systems Inc.; and (5) the Borrower to regulate, inter alia, their relevant security interests. 
 “Land” means the leasehold premises on which the Data Centres are situated; 
 “Location” means,
in respect of the Class A Data Centre Assets, the relevant location specified next to such Class A Data Centre Asset in Schedule 3; 
 “Notice of Assignment” means a notice of assignment in substantially the form set out in Schedule 2 (Form of Notice of Assignment) or in such other form as may be specified by the Lender; 
 “Permitted Security Interests” shall have the meaning given to it in the Facility Agreement; 
 “Receiver” means any one or more persons appointed as a receiver in accordance with the provisions of this Deed or the Act and includes
a receiver and manager and any similar or analogous person or persons as may be appointed pursuant to any insolvency legislation relevant to the Borrower or SAVVIS, Inc. in any jurisdiction; 
 “Second Lien” means all rights and interests held by any Senior Lender (as such term is defined in the Intercreditor Agreement) in and
to certain of the Insurances as subordinated to the rights of the Lender pursuant to the Intercreditor Agreement; 
 “Secured
Liabilities” means all monies, obligations and liabilities covenanted to be paid or discharged by the Borrower or SAVVIS, Inc. pursuant to the Finance Documents; 
 “Security” means the security from time to time constituted by, or pursuant to, this Deed; 
 “Security Assets” means the Data Centre Assets and the Insurances; 
 “Security Interest” shall
have the meaning given to it in the Facility Agreement; 
 “Security Period” shall have the meaning given to it in the
Facility Agreement; 
  

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 “Slough Data Centre” means the Borrower’s Data Centre situated at 630 Ajax Road,
Slough, which at the date of this Deed, is under construction; 
 “Winnersh Data Centre” means the Borrower’s Data
Centre at Eskdale Road, Winnersh Triangle, Wokingham, Berkshire RG41 5TS. 
  

	 	1.2	Incorporation of the defined terms of the Facility Agreement 

 Words and expressions defined or construed in the Facility Agreement shall, unless otherwise defined herein, have, when used in this Deed, the same meanings in this Deed as in the Facility Agreement. 
  

	 	1.3	Construction 

  

	 	1.3.1	Unless a contrary indication appears, Clause 1.2 (Construction) of the Facility Agreement shall apply to this Deed. 

  

	 	1.3.2	References in this Deed to this “Deed” or any other deed, agreement or instrument are references to this Deed, the relevant deed, agreement or instrument as
amended, supplemented, replaced or novated from time to time and include references to any document which amends, supplements, replaces, novates or is entered into, made or given pursuant to, or in accordance with, this Deed, the relevant deed,
agreement or instrument. 

  

	 	1.3.3	Subject to Clause 12.2 (Powers of Receiver), references in this Deed to any regulation, statute or statutory provision are to be construed as references to the same as it may
have been, or may from time to time be, amended or re-enacted, and include references to all bylaws, instruments, orders and regulations for the time being made thereunder or deriving validity therefrom. 

  

	 	1.4	Law of Property (Miscellaneous Provisions) Act 1989 

 The terms of the Finance Documents and of any side letters between the parties thereto in relation to them are incorporated in this Deed to the extent required to ensure that any disposition of the Security Assets contained in this Deed is
a valid disposition in accordance with section 2(1) of the Law of Property (Miscellaneous Provisions) Act 1989. 
  

	 	1.5	Obligations 

 Any obligation of the Borrower or
SAVVIS, Inc. under this Deed to do something shall include an obligation to procure that it be done and any obligation not to do something shall include an obligation not to permit, suffer or allow it to be done. 
  

	 	1.6	Deed 

 It is intended by the parties hereto that
this document shall take effect as a deed, notwithstanding the fact that the Lender may only execute this document under hand. 
  

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	 	1.7	Contracts (Rights of Third Parties) Act 1999 

 Unless expressly provided for, a person who is not a party to this Deed has no rights under the Contracts (Rights of Third Parties) Act 1999 to enforce or enjoy the benefit of any of the terms of this Deed. 
  

	 	1.8	Irrevocable payment 

 If the Lender considers that
an amount paid or discharged by, or on behalf of the Borrower or SAVVIS, Inc. by any other person in purported payment or discharge of an obligation of the Borrower or SAVVIS, Inc. to the Lender under the Finance Documents is capable of being
avoided or otherwise set aside on the liquidation or administration (or any analogous proceeding relevant to the Borrower or SAVVIS, Inc.) of either the Borrower or SAVVIS, Inc. or otherwise, then that amount shall be considered not to have been
unconditionally and irrevocably paid or discharged for the purposes of the Finance Documents. 
  

	 	1.9	The Lender and Receiver’s discretion 

 Any
liberty or power which may be exercised or any determination which may be made under this Deed by the Lender or any Receiver may be exercised or made in its absolute and unfettered discretion without any obligation to give reasons therefor.

  

	 	2	COVENANT TO PAY 

  

	 	2.1	Covenant to pay 

  

	 	2.1.1	The Borrower covenants with the Lender that it shall, on demand, pay and discharge the Secured Liabilities or it shall on demand procure that the Secured Liabilities are paid and
discharged when they are respectively due, in the manner provided in the relevant Finance Document. 

  

	 	2.2	Place 

 The Borrower shall procure that all
payments by the Borrower or SAVVIS, Inc. under or in respect of this Deed shall be made to the Lender and to its account at such office or bank as the Lender may notify to the Borrower from time to time for this purpose. 
  

	 	2.3	Funds 

 The Borrower shall procure that payments by
the Borrower or SAVVIS, Inc. under or in respect of this Deed to the Lender shall be made for value on the due date at such times and in such funds as the Lender may specify to the Borrower or SAVVIS, Inc. (as applicable) as being customary at the
time for the settlement of transactions of this nature in the relevant currency in the place of such payment. 
  

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	 	2.4	Set-off and counterclaim 

 The Borrower shall
procure that all payments due from or made by the Borrower or SAVVIS, Inc. under or in respect of this Deed shall be made without set-off or counterclaim. 
  

	 	2.5	Non-Business Days 

 If a payment under this Deed is
due on a day which is not a Business Day, the due date for that payment shall instead be the next Business Day in the same calendar month (if there is one) or the preceding Business Day (if there is not). 
  

	 	2.6	Interest on Unpaid Sums 

 If either the Borrower or
SAVVIS, Inc. fails to pay any sum demanded of it under or in respect of this Deed, the Borrower shall pay an amount equal to interest on such Unpaid Sum (as well after as before judgment) at the Default Rate from the due date until the date on which
the Unpaid Sum is unconditionally and irrevocably paid or discharged in full to the Lender. 
  

	 	2.7	Time for payment of interest on Unpaid Sums 

 The
Borrower shall pay interest on an Unpaid Sum on demand. 
  

	 	2.8	Currency 

 Amounts payable in respect of costs,
expenses, Taxes and the like, and any amount payable under this Deed, are payable in sterling. 
  

	 	3	FIXED SECURITY 

  

	 	3.1	Grant of fixed security 

  

	 	3.1.1	The Borrower with full title guarantee, as security for the payment of all Secured Liabilities: 

  

	 	3.1.1.1	charges by way of a first fixed charge in favour of the Lender all of its rights, title and interest in and to the Class A Data Centre Assets owned by the Borrower at the date
of this Deed; 

  

	 	3.1.1.2	charges by way of a first fixed charge in favour of the Lender all of its rights, title and interest in and to the Class B Data Centre Assets owned by the Borrower at the date of
this Deed; and 

  

	 	3.1.1.3	charges by way of first fixed charge all replacements and substitutes for the Data Centre Assets that may be acquired by the Borrower after the date of this Deed and all Data Centre
Assets that may be acquired by the Borrower after the Date of this Deed in connection with the construction, design, installation, commissioning and fit out of the Slough Data Centre under the Construction Contracts. 

  

 5 









	 	3.1.2	Each of the Borrower and SAVVIS, Inc., with full title guarantee, as security for the payment of all Secured Liabilities, assigns by way of security to the Lender by way of first
ranking absolute assignment (in each case, subject to the proviso contained in Clause 3.2 (Proviso for reassignment)) all its right, title, benefit and interest in and to all proceeds of the Insurances to the extent that such proceeds arise in
connection with a loss, destruction or damage to the Data Centre Assets and all rights of the Borrower or SAVVIS, Inc. to enforce payment of the proceeds with respect to a loss, destruction or damage of the Data Centre Assets.


  

	 	3.1.3	The parties hereto agree that each Security Interest created by this Deed shall take effect as separate and independent first ranking fixed Security Interest.


  

	 	3.2	Proviso for reassignment 

 The assignment by the
Borrower and SAVVIS, Inc. in Clause 3.1.2 is subject to the proviso that, following the end of the Security Period, the Lender shall reassign to the Borrower or SAVVIS, Inc. (as applicable) or other person entitled thereto (without recourse or
warranty and at SAVVIS, Inc.’s expense), the subject-matter of that assignment or, as the case may be, the balance thereof. 
  

	 	4	DECLARATION OF TRUST 

  

	 	4.1	If, notwithstanding the provisions of Clause 3.1, any choses in action to which either the Borrower or SAVVIS, Inc. is entitled, are incapable of being, or for any reason are not
effectively, charged or assigned to the Lender in accordance with the terms of this Deed: 

  

	 	4.1.1	each of the Borrower and SAVVIS, Inc. declares that it holds and shall hold all its right, title and interest in and to the choses in action to which it is entitled on trust for the
Lender in accordance with the provisions of this Deed as if the same were effectively mortgaged or charged; 

  

	 	4.1.2	the Borrower shall use all reasonable endeavours promptly to bring about an effective assignment or charge of the choses in action in favour of the Lender; and


  

	 	4.1.3	for the avoidance of doubt, such choses in action shall nevertheless constitute Security Assets. 

  

	 	5	GENERAL UNDERTAKINGS 

  

	 	5.1	Duration 

 The undertakings in this Clause 5 to
Clause 7 inclusive are given in favour of the Lender and shall remain in force throughout the Security Period. 
  

 6 









	 	5.2	Nature of Security 

  

	 	5.2.1	The Borrower represents to the Lender that this Deed creates those Security Interests it purports to create, with the ranking set out in this Deed, and is not liable to be amended
or otherwise set aside on the liquidation or administration of the Borrower or any similar or analogous procedure relating to either the Borrower or SAVVIS, Inc. in any relevant jurisdiction or otherwise. 

  

	 	5.2.2	The Borrower represents to the Lender that neither it nor SAVVIS, Inc. has created or purported to create, nor will it or SAVVIS, Inc. create during the Security Period, any
floating charge(s) over any of the Security Assets, save for the Second Lien. 

  

	 	5.3	Dealing with Security Assets 

 Save for the Second
Lien, and except as expressly permitted by Clause 7 hereto, and, subject to Clause 5.5 (Notices received relating to Security Assets), the Borrower shall not and the Borrower shall procure that SAVVIS, Inc. shall not, without the prior
written consent of the Lender: 
  

	 	5.3.1	sell, transfer, grant any lease or licence in relation to, enter into any agreement for the sale, transfer of, grant of lease or licence relating to, or otherwise dispose of, the
Security Assets; 

  

	 	5.3.2	part with possession of the Security Assets; or 

  

	 	5.3.3	enter into any option agreement or arrangement having a similar effect to any of the actions referred to above in this Clause 5.3. 

  

	 	5.4	No Security Interest over Security Assets 

 The
Borrower shall not and the Borrower shall procure that SAVVIS, Inc. shall not create or allow to submit any Security Interest on or over the Security Assets, save for any Permitted Security Interest and the Second Lien. 
  

	 	5.5	Notices received relating to Security Assets 

 The
Borrower shall and the Borrower shall procure that SAVVIS, Inc. shall, as soon as reasonably practicable following receipt, give to the Lender a copy of any notice, order, direction, requisition, permission, proposal or other matter (a
“Direction”) received by the Borrower or SAVVIS, Inc. affecting or likely to affect the Security Assets in a manner which is reasonably likely to have a Material Adverse Effect. 
  

	 	5.6	Action following receipt of notice under Clause 5.5 (Notices received relating to Security Assets) 

 Following the giving of the copy Direction referred to in Clause 5.5 (Notices received relating to Security Assets): 
  

	 	5.6.1	the Borrower shall and shall procure that the Lender shall, at the request of the Lender, but at the Borrower’s cost, make or join with the Lender in making such objections or
representations against or in respect of that Direction as the Lender (acting reasonably) shall deem necessary or expedient; 

  

 7 









	 	5.6.2	the Borrower shall and shall procure that SAVVIS, Inc. shall, as soon as practicable following the request of the Lender (acting reasonably), take all reasonable steps to comply
with that Direction, unless the Borrower or SAVVIS, Inc., as appropriate, is contesting that Direction in good faith; and 

  

	 	5.6.3	subject to Clause 5.6.2, the Lender may, without incurring any of the liabilities of a mortgagee in possession, upon giving the Borrower 5 (five) Business Days prior written notice,
enter upon the Data Centres for the purpose of complying with any Direction and may itself, at the cost of the Borrower, do all acts and things reasonably necessary or proper for complying with any of them. 

  

	 	5.7	Taxes 

 The Borrower shall and shall procure that
SAVVIS, Inc. shall: 
  

	 	5.7.1	punctually pay all taxes, charges, duties, levies, assessments, impositions and outgoings whatsoever (whether governmental, municipal or otherwise) which may be imposed upon, or
payable in respect of, the Security Assets unless such payment is being disputed in good faith by the Borrower or SAVVIS, Inc. (as applicable); and 

  

	 	5.7.2	on demand of the Lender, produce to the Lender receipts confirming, or other evidence of, such payment described in Clause 5.7.1 or, if the payment is in dispute, evidence of such
dispute and, immediately upon resolution of such dispute, evidence of the resolution. 

  

	 	6	INSURANCE UNDERTAKINGS 

  

	 	6.1	Insurance 

 The Borrower shall, in addition to the
requirements set out in this Clause 6, procure that all of the Data Centre Assets as are of an insurable nature are insured and kept insured in accordance with Clause 29 (Insurance Undertakings) of the Facility Agreement. 
  

	 	6.2	Perfection of Security 

  

	 	6.2.1	On or before the date of this Deed, the Borrower shall deliver (or shall procure that there is delivered) a notice to the relevant Approved Broker in respect of the Insurances
specified in Schedule 1 Part III (Details of Insurances) in substantially the form of Schedule 2 (Form of Notice of Assignment) (or as otherwise required by the Lender) and shall procure that each such Approved Broker acknowledges,
agrees and confirms such notice to the Lender. 

  

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	 	7	DATA CENTRE ASSETS UNDERTAKINGS 

  

	 	7.1	Location of Data Centre Assets 

  

	 	7.1.1	Subject to Clauses 7.1.2 and 7.3, the Borrower shall keep the Class A Data Centre Assets listed in Schedule 3 (Details of Data Centre Assets) at the location specified
for those Class A Data Centre Assets in Schedule 3 (Details of Data Centre Assets). 

  

	 	7.1.2	Notwithstanding Clause 7.1 above, the Borrower may remove any Data Centre Asset from its location specified in Clause 7.1 (Location of Data Centre Assets) solely for the
purpose and in the course of effecting necessary repairs to it, but only to another location previously notified in writing to the Lender. In no circumstances may the Borrower, without the prior written consent of the Lender, remove any Class A
Data Centre Asset to a location outside England and Wales. 

  

	 	7.2	Repair and Maintenance of Data Centre Assets and Access 

  

	 	7.2.1	The Borrower shall keep and maintain the Data Centre Assets in a good and safe condition and state of repair, and shall repair such Data Centre Assets as necessary, to no less an
extent than would a reasonably prudent owner and operator of assets, similar to the Data Centre Assets (acting in accordance with and having full regard to (i) any suppliers’ and/or manufacturers’ recommendations and (ii) normal
industry practice, standards and requirements applicable to assets, similar to the Data Centre Assets). 

  

	 	7.2.2	Provided that the Lender has given the Borrower 5 (five) Business Days prior written notice of its intention to do so, permit the Lender and its agents and servants, with or without
workmen, from time to time to examine the state and condition of any of the Data Centre Assets. 

  

	 	7.3	Removal and Disposal of Data Centre Assets 

  

	 	7.3.1	The Data Centre Assets may be moved from one Data Centre to another, as may be reasonably required by the Borrower from time to time, provided that the Borrower shall, upon
reasonable written request from the Lender, provide the Lender with written details specifying the location of each of the Class A Data Centre Assets. 

  

	 	7.3.2	Save as set out in Clause 7.1.2 and this Clause 7.3, the Borrower may not remove the Class A Data Centre Assets from the Location or dispose of them for any reason, without the
prior written consent of the Lender. 

  

	 	7.3.3	In addition to its rights under Clauses 7.1.2 and 7.3.1, the Borrower may remove and sell such of the Class B Data Centre Assets, that are no longer required for use at any of the
Data Centres or for any reason or have become obsolete, provided that the aggregate value of all such Class B Data Centre Assets (valued as at the date of disposal) to be disposed of from time to time, does not exceed a maximum aggregate amount of
£2,000,000 (two million pounds Sterling) from the date hereof until the Termination Date, or other termination of the Facility Agreement in accordance with its terms. 

  

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	 	7.3.4	At the Lender’s request, which request may be made no more frequently than once per annum during the Commercial Loan Period, the Borrower will provide the Lender with such
information as the Lender may reasonably request in order to enable the Lender to determine to its satisfaction the value of the Class B Assets disposed of by the Borrower from time to time. 

  

	 	7.3.5	If the Lender, at is absolute discretion, agrees that any of the Class A Data Centre Assets may be sold, it shall agree the terms of such sale with the Borrower and direct that
the sales proceeds received are either use to make a pre-payment of the Loan(s) in accordance with Clause 8.2 of the Facility Agreement or to acquire replacement Class A Data Centre Assets. 

  

	 	7.4	Replacements and subsequently acquired Data Centre Assets 

  

	 	7.4.1	Any replacements or substitutes of any Data Centre Assets which the Borrower is entitled to make in accordance with this Agreement shall be the same type of asset and similar value
as that asset being replaced. 

  

	 	7.4.2	The Borrower agrees that any replacement for or substitute of any Data Centre Assets shall be Security Assets and subject to the terms of this Deed, and shall be deemed to be either
Class A Data Centre Assets or Class B Data Centre Assets, as the parties hereto may decide, and Class A Data Centre Assets acquired by the Borrower after the date hereof shall be subject to the terms of this Deed and the Borrower agrees
that it shall do all such assurances, acts and things as the Lender may reasonably require for perfecting the Lender’s Security Interests in such Data Centre Assets in accordance with Clause 18 of this Deed and the Borrower undertakes that it
shall provide the Lender with: (i) a schedule of all Class A Data Centre Assets acquired by the Borrower after the date hereof on or before the date of acquisition; and (ii) a schedule of all replacement and substitute Class A
Data Centre Assets acquired by the borrower from time to time, as permitted by the terms of this Deed of the Facility Agreement, as soon as reasonably practicable following acquisition. 

  

	 	7.4.3	Save as the Lender may otherwise agree, in its absolute discretion, the Borrower may only replace Class A Data Centre Assets in accordance with Clauses 8.2.1.2 and 29.5.1 of
the Facility Agreement. 

  

	 	7.5	Insurance 

 Without prejudice to the generality of
Clause 6 (Insurance Undertakings), the Borrower or SAVVIS, Inc. shall insure the Data Centre Assets in accordance with Clause 6 (Insurance Undertakings). 
  


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	 	7.6	Negative covenants 

  

	 	7.6.1	The Borrower shall ensure that: 

  

	 	(a)	nothing is done or omitted to be done which is likely to result in the Data Centre Assets being confiscated, seized, requisitioned, taken in execution, impounded or otherwise taken
from any of the Data Centres and, in any such event, the Borrower will procure an immediate release of the Data Centre Assets; 

  

	 	(b)	none of the Data Centre Assets is removed from any of the Data Centres save in accordance with this Deed and the Facility Agreement; 

  

	 	(c)	none of the Data Centre Assets is altered, interfered with or materially attached to any machinery or plant or any other equipment, and no plant, machinery or accessories are
attached to the Data Centre Assets which cannot be removed without damaging or impairing such Data Centre Assets except as may be required for the normal operation of such Data Centre Assets, provided that the Borrower shall indemnify the Lender for
any loss, costs, claims or damages the Lender suffers sustains or incurs as a result of: (i) the Lender’s inability to recover any Data Centre Asset as a result of its having been attached to any other plant or machinery; or (ii) the
Lender being required to make good any damage to any Data Centre Asset or any plant or machinery to which it may have been attached; and 

  

	 	(d)	the Data Centre Assets are not used for any unlawful purposes. 

  

	 	8	REPRESENTATIONS AND WARRANTIES 

  

	 	8.1	Nature and timing 

 In addition to the
representations and warranties set out in Clause 22 of the Facility Agreement, the representations and warranties set out in this Clause 8 are made in favour of the Lender with the knowledge and intention that the Lender is relying on and shall rely
on them throughout the Security Period. 
  

	 	8.2	Security ranking 

 The Borrower represents and
warrants that this Deed: 
  

	 	8.2.1	constitutes, and shall, throughout the Security Period, constitute, legal, valid, binding and enforceable obligations of the Borrower and SAVVIS, Inc., subject to any general
principles of law limiting its obligations which are specifically referred to in any legal opinion delivered pursuant to any Finance Documents; 

  

	 	8.2.2	has and shall, throughout the Security Period, have the ranking of a first fixed charge and first priority assignment over the Security Assets effective in accordance with its
terms. 

  

 11 









	 	8.3	Consents 

 The Borrower represents and warrants
that all actions, conditions and things required to be taken, fulfilled and done (including the obtaining of any necessary consents or the like) in order to enable the Borrower and SAVVIS, Inc. to create this Security and to ensure that (subject to
all necessary registrations thereof being made) this Security is valid, legally binding and enforceable and has and will have the ranking referred to in Clause 8.2 (Security ranking) have been taken, fulfilled and done. 
  

	 	9	POWERS AND DISCRETIONS OF THE LENDER 

  

	 	9.1	Curing of breaches and covenants 

 Without
prejudice to the rights of the Lender under the Finance Documents, if either the Borrower or SAVVIS, Inc. fails to observe or perform any provision of this Deed and such failure is not remedied to the satisfaction of the Lender within 15 Business
Days, the Borrower and SAVVIS, Inc. shall allow and hereby authorise the Lender or such person as the Lender shall nominate to do all such acts and things and take such action on behalf of the Borrower and SAVVIS, Inc. as may be necessary to secure
the observance or performance of that provision without becoming liable as a mortgagee in possession, provided that such action is permitted to be undertaken by the Lender under the terms of the Intercreditor Agreement. 
  

	 	9.2	Indemnity 

 The Borrower shall indemnify the Lender
and keep the Lender indemnified against all reasonable losses, costs, charges and expenses properly incurred by the Lender as a result of the failure by the Borrower or SAVVIS, Inc. to observe or perform any provision of this Deed and in connection
with the exercise by the Lender of its rights contained in Clause 9.1 (Curing of breaches and covenants). 
  

	 	9.3	Expenses so incurred 

 All monies reasonably and
properly expended and all costs reasonably and properly incurred by the Lender in carrying out any of its powers and discretions referred to in Clause 9.1 (Curing of breaches and covenants) shall be considered to have been properly incurred
by the Lender, shall be secured by this Deed and shall be payable on demand by the Borrower to the Lender. 
  

	 	10	WHEN SECURITY BECOMES ENFORCEABLE 

  

	 	10.1	Timing of enforcement 

  

	 	10.1.1	The security intended to be created by this Deed shall become immediately enforceable upon the occurrence of an Event of Default which (as at the date of the first steps of
enforcement) is continuing and has not been remedied or waived. 

  

	 	10.1.2	After the security intended to be created by this Deed has become enforceable: 

  

	 	10.1.2.1	the power of sale and other powers conferred by Section 101 of the Act (as varied or amended by this Deed) shall become immediately exercisable; 

  

 12 









	 	10.1.2.2	the Lender may, in its absolute discretion, enforce all or any part of such security in such manner as it sees fit; and 

  

	 	10.1.2.3	the Borrower shall or shall procure that the Lender is granted access to the Location in order to take possession of and, where it requires to do so, remove the Data Centre Assets.


  

	 	11	ENFORCEMENT OF SECURITY 

  

	 	11.1	Powers arising 

 The Secured Liabilities shall be
deemed to have become due and payable, and the power of sale and other powers conferred on mortgagees by section 101 of the Act as varied and extended by this Deed, shall arise immediately on execution of this Deed by the Borrower and SAVVIS, Inc.

  

	 	11.2	Powers exercisable 

 Neither section 93 nor section
103 of the Act shall apply to this Deed and the powers referred to in Clause 11.1 (Powers arising) may be exercised by the Lender and this Security shall become enforceable without notice to the Borrower or SAVVIS, Inc. on or at any time
after an Event of Default has occurred. 
  

	 	12	APPOINTMENT AND REMOVAL OF RECEIVER 

 The rights of
the Lender under this Clause are subject to the terms of the Intercreditor Agreement. 
  

	 	12.1	Appointment of Receiver 

  

	 	12.1.1	At any time after this security becomes enforceable or if either the Borrower or SAVVIS, Inc. so requests the Lender in writing at any time, the Lender may without further notice
appoint, under seal or in writing under its hand, any one or more qualified persons to be a Receiver of all or any part of the Security Assets in like manner in every respect as if the Lender had become entitled under the Act to exercise the power
of sale thereby conferred. In this Clause “qualified person” means a person who, under IA86, or any similar or analogous legislation relevant to the Borrower or SAVVIS, Inc. in any jurisdiction, is qualified to act as a receiver (or
similar or analogous person) of the property of any company with respect to which he is appointed. 

  

	 	12.1.2	Where any appointment of a Receiver is made at a time when a Receiver is already in and continues in office, the Receiver shall act jointly with the Receiver previously appointed
hereunder. 

  

 13 









	 	12.1.3	Every such appointment of a Receiver shall take effect at the time and in the manner specified by IA86, or any similar or analogous legislation relevant to either the Borrower or
SAVVIS, Inc. in any jurisdiction. 

  

	 	12.1.4	If at any time any two or more persons hold office as Receivers of the same assets or income, such Receivers may act jointly or concurrently so that each of such Receivers shall be
entitled (unless the contrary shall be stated in any of the instrument(s) appointing them) to exercise all the functions conferred on a Receiver by IA86 ( or any similar or analogous legislation relevant to either the Borrower or SAVVIS, Inc. in any
jurisdiction) or the Act and in this Deed. 

  

	 	12.2	Powers of Receiver 

  

	 	12.2.1	Every Receiver appointed in accordance with Clause 12.1 (Appointment of Receiver) shall have and be entitled to exercise, in addition to those powers conferred by the Act on
any receiver appointed thereunder: 

  

	 	12.2.1.1	all of the powers set out in Clause 12.3 (Specific powers); and 

  

	 	12.2.1.2	any and all powers, authorities and rights, in relation to the Security Assets, which it could exercise if it were the absolute unencumbered beneficial owner of such Security
Assets. 

  

	 	12.2.2	If at any time there is more than one Receiver of all or any part of the Security Assets, each such Receiver may (unless otherwise stated in any document appointing him) exercise
all of the powers conferred on a Receiver under this Deed individually and to the exclusion of each other Receiver. 

  

	 	12.2.3	Any Receiver may, in its absolute discretion, choose whether, and if so when, or not to exercise any of such powers, and the Borrowers and SAVVIS, Inc. recognise that the Receiver
may do so notwithstanding that the same may be prejudicial to its interests and in this respect the Borrower hereby waives to the fullest extent permissible any rights it may otherwise have under section 91(2) of the Act. 


 

	 	12.3	Specific powers 

  

	 	12.3.1	The powers referred to in the first sentence of Clause 12.2 (Power of Receiver) include: 

  

	 	12.3.1.1	Take possession: to take immediate possession of, get in and collect the Security Assets or any part thereof; 

  

	 	12.3.1.2	Carry on Business: to carry on the business of the Borrower as he may think fit; 

  


 14 









	 	12.3.1.3	Protection of assets: to make and effect all repairs and insurances and do all other acts for the protection or for the improvement of the Security Assets as he may in his
absolute discretion think fit; 

  

	 	12.3.1.4	Employees: to appoint and discharge managers, officers, agents, accountants, servants, workmen and others for the purposes hereof upon such terms as to remuneration or
otherwise as he may think proper and to discharge any such persons appointed by the Borrower; 

  

	 	12.3.1.5	Borrow money: for the purpose of exercising any of the powers, authorities and discretions conferred on him by or pursuant to this Deed and/or of defraying any costs,
charges, losses or expenses (including his remuneration) which shall be incurred by him in the exercise thereof or for any other purpose, to raise and borrow money either unsecured or on the security of the Security Assets or any part thereof,
either in priority to the security constituted by this Deed or otherwise, and generally on such terms and conditions as he may think fit and no person lending such money shall be concerned to enquire as to the propriety or purpose of the exercise of
such power or to see to the application of any money so raised or borrowed; 

  

	 	12.3.1.6	Sell assets: to sell, exchange, convert into money and realise or otherwise howsoever dispose of all or any part of the Security Assets by public auction or private contract
and generally in such manner and on such terms as he shall think proper. Without prejudice to the generality of the foregoing he may do any of these things for a consideration or for a nil consideration consisting of cash, debentures or other
obligations, shares, stock or other valuable consideration and any such consideration may be payable in a lump sum or by instalments spread over such period as he may think fit. Any such sale, exchange, conversion or realisation and disposal may be
on terms excluding or restricting the liability of the Lender or the Receiver; 

  

	 	12.3.1.7	Leases: to let or licence all or any part of the Security Assets for such term and at such rent or licence fee (with or without a premium) as he may think proper and to vary
and/or accept a surrender of any lease or licence thereof on such terms as he may think fit (including the payment of money to a lessee or licensee on a surrender) and so that for the purposes of Section 99(2) of the Act the expression
“mortgagor” shall include an encumbrancer deriving title under the Borrower; 

  

	 	12.3.1.8	Compromise: to settle, adjust, refer to arbitration, compromise and arrange any claims, accounts, disputes, questions and demands with or by any person who is or claims to be
a creditor of the Borrower or SAVVIS, Inc. or relating in any way to the Security Assets or any part thereof; 

  

	 	12.3.1.9	Legal actions: to bring, prosecute, enforce, defend and abandon all such actions, suits and proceedings in relation to the Security Assets or any part thereof as may seem to
him to be expedient; 

  

 15 









	 	12.3.1.10	Receipts: to give valid receipts for all moneys and execute all assurances and things which may be proper or desirable for realising the Security Assets;


  

	 	12.3.1.11	Subsidiaries: to form a subsidiary or subsidiaries of the Borrower and transfer to any such subsidiary all or any part of the Security Assets; 

  

	 	12.3.1.12	Registered office: to change the registered office of the Borrower; 

  

	 	12.3.1.13	Contracts: to enter into, perform, repudiate, rescind, vary, modify, assign or novate any contract, agreement option, agreement, building contract, professional appointment
or otherwise for or which relates in any way to the Security Assets or any part thereof or in relation to the exercise of any of the powers of the receiver herein contained and to appoint hire and employ and to remunerate such contractors, advisers,
professionals, agents, servants, attendants, managers, officers, workmen and others upon such terms and at such salaries, fees or remuneration and generally in such manner as he shall think fit and to discharge any such persons;


  

	 	12.3.1.14	Proceedings: to take any proceedings whether in the name of the Borrower or SAVVIS, Inc. (or either of them) or otherwise as the Receiver may think fit and whether relating
to any of the matters herein contained or otherwise and to make any arrangement or compromise which he may think expedient; 

  

	 	12.3.1.15	Indemnity: to take any indemnity from the Borrower or SAVVIS, Inc. from and against all actions, claims, expenses, demands and liabilities whether arising out of the contract
or out of tort or in any other way incurred by him or by any manager, agent, officer, servant or workman or other person for whose debt, default or miscarriage he may be answerable for anything done or omitted to be done in the exercise or purported
exercise of his powers hereunder or under any appointment duly made under the provisions of this Clause and if he thinks fit, but without prejudice to the foregoing, to effect with any insurance company or office or underwriters any policy or
policies of insurance either in lieu or satisfaction of or in addition to such indemnity from the Borrower or SAVVIS, Inc.; and 

  

	 	12.3.1.16	General powers: to do all such other acts and things as he may consider desirable or necessary for realising the Security Assets or any part thereof or incidental or
conducive to any of the matters, powers or authorities conferred on a Receiver under or by virtue of this Deed, to exercise in relation to the Security Assets or any part thereof all such powers, authorities and things as he would be capable of
exercising if he were the absolute beneficial owner of the same and to use the name of the Borrower for all or any of such purposes. 

  

	 	12.4	Removal and remuneration 

 The Lender may from time
to time, by writing under its hand, remove any Receiver appointed by it and may, whenever it may deem it expedient, appoint a new Receiver in the place of any Receiver whose appointment may for any reason have terminated, and may from time to time
fix the remuneration of any Receiver appointed by it. 
  

 16 









	 	12.5	Lender may exercise 

 To the fullest extent
permitted by law, all or any of the powers, authorities and discretions which are conferred by this Deed (either expressly or implied) upon a Receiver of the Security Assets may be exercised after the security hereby created becomes enforceable by
the Lender, in relation to the whole of such Security Assets or any part thereof, without first appointing a Receiver of such property or any part thereof or notwithstanding the appointment of a Receiver of such property or any part thereof.

  

	 	13	APPLICATION OF PROCEEDS 

 Any moneys received by
the Lender or by any Receiver appointed by it pursuant to this Deed and/or under the powers hereby conferred shall, after the security hereby constituted shall have become enforceable, but subject to the payment of any claims having priority to this
security, be applied by the Lender, unless otherwise determined by the Lender or such Receiver, in accordance with Clause 33.2 of the Facility Agreement (but without prejudice to the right of the Lender to recover any shortfall from the Borrower).

  

	 	14	NO LIABILITY AS MORTGAGEE IN POSSESSION 

  

	 	14.1	No mortgagee in possession 

 Neither the Lender nor
any Receiver shall, by reason of either entering into possession of the Security Assets, be liable to account as mortgagee in possession or be liable for any loss on realisation or for any default or omission for which a mortgagee in possession
might be liable except to the extent caused by the gross negligence or wilful misconduct of the Lender or any Receiver. 
  

	 	14.2	Receiver as agent 

 Each Receiver shall be deemed
to be the agent of the Borrower and SAVVIS, Inc. for all purposes and in the same position as a receiver duly appointed by a mortgagee under the Act or under any similar or analogous legislation relevant to either the Borrower or SAVVIS, Inc. in any
jurisdiction. The Borrower or SAVVIS, Inc. (as applicable) alone shall be responsible for the Receiver’s contracts, engagements, acts, omissions, defaults for losses and liabilities incurred by him and the Lender shall not incur any liability
therefor to either of the Borrower or SAVVIS, Inc. or any other person whatsoever by reason of the Lender’s appointing him as Receiver or for any other reason whatsoever. 
  

	 	14.3	Rights, powers, privileges and immunities by the Act 

 Each Receiver and the Lender shall be entitled to all the rights, powers, privileges and immunities by the Act conferred on mortgagees and receivers when such receivers have been duly appointed under the Act but so that section 103 of the
Act shall not apply. 
  

 17 









	 	15	PROTECTION OF THIRD PARTIES 

 No purchaser,
mortgagee or other person or company, with the exception of the Lender, dealing with the Lender or the Receiver or its or his agents shall be concerned to enquire whether the Secured Liabilities have become payable or whether any power which the
Lender or the Receiver is purporting to exercise has become exercisable or whether any of the Secured Liabilities remain outstanding or to see to the application of any money paid to the Lender or to such Receiver. 
  

	 	16	EXPENSES 

 All costs, charges and expenses
reasonably and properly incurred and all payments made by the Lender or any Receiver appointed hereunder in the lawful exercise of the powers hereby conferred, whether or not occasioned by any act, neglect or default of the Borrower or SAVVIS, Inc.,
shall carry interest (as well after as before judgment) at the relevant Default Rate from the date of the same being incurred or becoming payable until the date the same are unconditionally and irrevocably paid and discharged in full. The amount of
all such costs, charges, expenses and payments and all such interest thereon and all remuneration payable hereunder shall be payable by the Borrower within three Business Days of demand. All such costs, charges, expenses and payments shall be
secured by the Security and shall be paid and charged as between the Lender and the Borrower on the basis of a full indemnity. 
  

	 	17	DELEGATION BY LENDER 

 The Lender may at any time
and from time to time delegate by power of attorney, or in any other manner, to any person or persons, all or any of the powers, authorities and discretions which are for the time being exercisable by the Lender under this Deed in relation to the
Security Assets or any part thereof. Any such delegation may be made upon such terms (including the power to sub-delegate) and subject to such regulations as the Lender may think fit. The Lender shall not be in any way liable or responsible to
either the Borrower or SAVVIS, Inc. for any loss or damage arising from any act, default, omission or misconduct on the part of any such delegate or sub-delegate except to the extent caused by fraud, gross negligence or wilful misconduct of the
Lender. 
  

	 	18	FURTHER ASSURANCES 

  

	 	18.1	Perfection of Security Interests 

 The Borrower
shall, at its own expense, execute and do or procure that there are executed and done all such assurances, acts and things as the Lender may reasonably require for perfecting the Security Interests intended to be created by this Deed over the
Security Assets or for facilitating the realisation of the Security Assets and in the exercise of all powers, authorities and discretions vested in the Lender or any Receiver of the Security Assets or in any delegate or sub-delegate. 
  

	 	18.2	Specific acts 

 Each of the Borrower and SAVVIS,
Inc. shall, in particular but without limitation, execute all transfers, conveyances, assignments and assurances of the Security Assets whether to the Lender or to its nominees and give all notices, orders and directions and make all registrations
which the Lender may (acting reasonably) think expedient, provided that such action is permitted to be undertaken by the Lender under the terms of the Intercreditor Agreement. 
  

 18 









	 	18.3	Fixed Security Interests 

 Without prejudice to
Clause 18.2 (Specific acts), the Borrower or SAVVIS, Inc. (as applicable) shall forthwith, at the request of the Lender, execute a legal charge or assignment over those Security Assets subject to or intended to be subject to any fixed
security created by this Deed in favour of the Lender, in such form as the Lender may require incorporating provisions similar to this Deed, with such amendments as the Lender may require, having regard to the nature of the asset, the Security
Interest to be created and any change in law. 
  

	 	18.4	Notices of this Security 

 The Borrower shall
promptly affix to the Security Assets, and indorse or cause to be indorsed or shall procure that these are affixed or indorsed on the certificates and documents which constitute or evidence title to the Security Assets, such notices, endorsements or
memoranda referring to this Security as the Lender may reasonably and from time to time require. 
  

	 	19	REDEMPTION OF PRIOR SECURITY INTERESTS 

  

	 	19.1	Redemption of Security Interests 

 The Lender may,
at any time after the security hereby constituted has become enforceable, redeem any prior Security Interests against the Security Assets or any part thereof or procure the transfer thereof to itself and may settle and pass the accounts of the prior
mortgagee, chargee or encumbrancer. 
  

	 	19.2	Accounts conclusive 

 Any accounts so settled and
passed shall be conclusive and binding on the Borrower except in the case of manifest error. 
  

	 	19.3	Borrower to pay on demand 

 All principal moneys,
interest, costs, charges and expenses of and incidental to such redemption and transfer reasonably and properly incurred shall be paid by the Borrower to the Lender on demand. 
  

	 	20	POWER OF ATTORNEY 

  

	 	20.1	Appointment 

 Each of the Borrower and SAVVIS, Inc.
hereby, by way of security and in order more fully to secure the performance of its obligations under this Deed or the Facility Agreement, irrevocably appoints the Lender and every delegate or sub-delegate to be their attorney acting severally, and
on its behalf and in its name or otherwise: 
  

 19 









	 	20.1.1	to execute and do all such assurances, acts and things which the Borrower or SAVVIS, Inc. (as applicable) ought to do under this Deed and the Facility Agreement;


  

	 	20.1.2	to make any demand upon, or to give any notice or receipt to, any person owing monies to the Borrower or SAVVIS, Inc. (as applicable) provided that such action is permitted to be
undertaken under the terms of the Intercreditor Agreement; 

  

	 	20.1.3	to execute and deliver any legal charges, assignments or other security and any transfers of shares, bonds or similar securities; 

  

	 	20.1.4	to exercise the powers, authorities and discretions conferred by or pursuant to this Deed or by statute on the Lender or any such Receiver, delegate or sub-delegate; and


  

	 	20.1.5	to sell and deliver and otherwise perfect any deed, assurance, agreement, instrument or act which it may deem proper in or for the purpose of exercising any of such powers,
authorities and discretions. 

  

	 	20.2	Ratification 

 Each of the Borrower and SAVVIS,
Inc. hereby ratifies and confirms and agrees to ratify and confirm whatever any such attorney as is mentioned in this Clause 20 shall do or purport to do in the exercise or purported exercise of all or any of the powers, authorities and discretions
referred to in this Clause. 
  

	 	20.3	General power 

 The appointment under Clause 20.1
(Appointment) shall operate as a general power of attorney made under section 10 of the Powers of Attorney Act 1971. 
  

	 	21	SUBSEQUENT SECURITY INTERESTS AND NEW ACCOUNTS 

 If
the Lender shall at any time receive or be deemed to have received notice of any Security Interest affecting the Security Assets or any assignment or transfer thereof which is prohibited by this Deed: 
  

	 	21.1	the Lender may open a new account for the Borrower and/or SAVVIS, Inc. in its books; and 

  

	 	21.2	if the Lender does not in fact open such new account, then, unless it gives express written notice to the Borrower or SAVVIS, Inc. to the contrary, it shall be treated as if it had
in fact opened such account at the time when it received or was deemed to have received such notice, 

 and as from such time
and unless such express written notice shall be given to the Borrower or SAVVIS, Inc., all payments by or on behalf of the Borrower and SAVVIS, Inc. to the Lender shall be credited or treated as having been credited to such new account and not as
having been applied in reduction of the Secured Liabilities at such time. 
  

 20 









	 	22	CONTINGENCIES 

 If the Security is enforced at a
time when no amount is due under the Finance Documents but at a time when amounts may or will become due, the Lender (or the Receiver) may pay the proceeds of any recoveries effected by it unto a suspense account. Any proceeds paid into a suspense
account must be applied by the Lender in payment of amounts due under the Finance Documents as and when those amounts become due. 
  

	 	23	COMBINATION AND SET-OFF 

  

	 	23.1	Combination 

 The Lender may without notice to the
Borrower combine, consolidate or merge all or any of the accounts of the Borrower with, and liabilities to, the Lender (including, without limitation, under any hedging or other agreement made between the Lender and the Borrower. 
  

	 	23.2	Set-off 

 The Lender may set-off any matured
obligation due from either of the Borrower or SAVVIS, Inc. under this Deed against any matured obligation owed by the Lender to either the Borrower or SAVVIS, Inc., regardless of the place of payment, booking branch or the currency of either
obligation. If the obligations are in different currencies, the Lender may convert either obligation at a market rate of exchange in its usual course of business for the purpose of the set-off, provided that such action is permitted to be undertaken
by the Lender under the Intercreditor Agreement. 
  

	 	23.3	Notice 

 The Lender shall notify the Borrower or
SAVVIS, Inc. (as applicable) immediately on the exercise or purported exercise of any right under this Clause 23 provided that any failure by the Lender so to notify will not invalidate or otherwise prejudice any such exercise or purported exercise.

  

	 	24	CURRENCY 

  

	 	24.1	Currency Conversion 

 The Lender may, in connection
with any application of any monies pursuant to this Deed and whether for the purpose of or pending the discharge of the Secured Liabilities, convert any monies from time to time in accordance with Clause 17.1 of the Facility Agreement. 

 

 21 









	 	24.2	Currency indemnity 

 The Borrower shall indemnify
the Lender in accordance with Clause 17.1 of the Facility Agreement for any sum due in relation to any currency conversion performed pursuant to Clause 24.1 (Currency conversion). 
  

	 	25	CERTIFICATES AND DETERMINATIONS 

 Any certification
or determination by the Lender of a rate or amount under this Deed is, in the absence of manifest error, conclusive evidence of the matters to which it relates. 
  

	 	26	INDEMNITIES AND EXPENSES 

  

	 	26.1	General indemnity 

 The Borrower shall, on demand,
indemnify the Lender, any Receiver and any manager, agent, officer or employee for whose liability, acts or omissions the Lender or the Receiver may be answerable from and against all liabilities, costs, charges, losses, expenses, legal and other
professional fees (including Tax) suffered or incurred by any of them, except by their own gross negligence or wilful misconduct, arising from or as a result of: 
  

	 	26.1.1	the exercise or the purported exercise of any powers, authorities or discretions conferred on any of them under or by virtue of this Deed; 

  

	 	26.1.2	any matter or thing done or omitted to be done under, or in any way relating to, this Deed; 

  

	 	26.1.3	any breach, non-observance or non-performance by the Borrower or SAVVIS, Inc. of any of its covenants, undertakings, obligations, representations or warranties under this Deed;


  

	 	26.1.4	the making good of any such breach, non-observance or non-performance; 

  

	 	26.1.5	the enforcement of this Deed; or 

  

	 	26.1.6	any action, claim or proceeding relating to any of the above. 

  

	 	26.2	Obligation to pay 

 The Borrower shall, in
accordance with Clause 26.5 (Time for payment), pay to the Lender for the benefit of the Lender: 
  

	 	26.2.1	the items of expenditure set out in Clause 26.3 (Identification of expenses); and 

  

	 	26.2.2	the amount referred to in Clause 26.1 (General indemnity). 

  

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	 	26.3	Identification of expenses 

 The items of
expenditure referred to in Clause 26.2.1 (Obligation to pay) are all expenses (including, without limitation, reasonable legal and out-of-pocket expenses on a full indemnity basis) reasonably and properly incurred by the Lender in connection
with: 
  

	 	26.3.1	the preparation, negotiation and execution of this Deed; 

  

	 	26.3.2	the preparation and negotiation of documentation relating to any amendment or extension of this Deed on terms agreeable to all parties thereto; 

  

	 	26.3.3	the granting, preparation and documenting of any waiver, approval, consent, confirmation or release under, or in respect of, this Deed; 

  

	 	26.3.4	any investigation or due diligence into the financial or other condition of the Borrower or SAVVIS, Inc. or into ascertaining whether or not the Borrower or SAVVIS, Inc. has
complied or is complying with this Deed; 

  

	 	26.3.5	the contemplation of the enforcement of any rights or the exercise of any powers under this Deed or in investigating any possible breach by either the Borrower or SAVVIS, Inc. of
this Deed; 

  

	 	26.3.6	any proceedings (legal or otherwise) involving the Lender in connection with this Deed or the Security Assets, whether such proceedings are brought by either the Borrower or SAVVIS,
Inc. or a third party; and 

  

	 	26.3.7	the matters referred to in Clause 21 (Subsequent Security Interests and New Accounts). 

  

	 	26.4	Stamp duties and other payments 

 In addition, the
Borrower shall, in accordance with the Clause 26.5 (Time for payment), pay an amount equal to any stamp duties, search fees, registration fees and duties payable in connection with this Deed and any penalties with respect to, or resulting
from, delay or omission to pay any such duties or fees. 
  

	 	26.5	Time for payment 

 The Borrower shall, on first
demand, pay or reimburse the Lender for the items of expenditure referred to in Clause 26.3 (Identification of expenses) and any amount referred to in Clause 26.4 (Stamp duties and other payments). 
  

 23 









	 	27	EFFECTIVENESS OF SECURITY 

  

	 	27.1	Continuing Security 

 This Security is a continuing
security and will not be considered satisfied by any intermediate payment or settlement of account or otherwise, but will remain in force until the end of the Security Period. 
  

	 	27.2	Rights additional 

 The rights of the Lender under
this Deed are in addition to any guarantee, other rights or Security Interest, present or future, held by the Lender from the Borrower or SAVVIS, Inc. or any other person in respect of the payment or discharge of the Secured Liabilities and will not
merge with, or prejudice or be prejudiced by, any such guarantee, rights or Security Interest or by any dealing with, exchanging, releasing, modifying or abstaining from perfecting or enforcing any of them, and this Deed may be enforced against the
Borrower or SAVVIS, Inc. (or either of them) without first having recourse to any guarantee, other rights or Security Interest in favour of the Lender. 
  

	 	27.3	Other dealing 

 This Security and its validity
shall not in any way be prejudiced or affected by the Lender dealing with, exchanging, releasing, modifying or abstaining from perfecting or enforcing any Security Interest, guarantee or other rights or remedies referred to in Clause 27.2 (Rights
additional) or by giving time for payment or indulgence or compounding with any other person liable. 
  

	 	27.4	Conditional release of security 

 Without prejudice
to Clause 1.8 (Irrevocable payment), if any Security Interest, disposition or payment made or given to the Lender is avoided, reduced, set aside, rendered unenforceable or required to be paid away by virtue of any provision, requirement or
enactment, whether relating to bankruptcy, insolvency or liquidation or otherwise at any time in force, or by virtue of any obligation to give effect to any preference or priority, the Lender shall be entitled to recover the value or amount of that
Security Interest, disposition or payment from the Borrower on demand. 
  

	 	27.5	Retention of Security 

 The Lender may retain this
Security and this Deed throughout the Security Period. 
  

	 	27.6	Change in constitution of the Lender 

 This Deed
and this Security shall be enforceable notwithstanding any change in the constitution of the Lender or its absorption of or amalgamation with or the acquisition of its respective undertakings by any third party. 
  

	 	27.7	Preservation of Security 

 If for any reason any
Security Interest intended to be created by this Deed ceases to be continuing security, such Security Interest shall remain effective as security in respect of the Secured Liabilities at the date of such cessation, regardless of any subsequent
increase or reduction in the amounts of any sums constituting Secured Liabilities. 
  

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	 	27.8	Obligations of the Borrower and SAVVIS, Inc. 

  

	 	27.8.1	The obligations of each of the Borrower and SAVVIS, Inc. under this Deed are primary obligations. 

  

	 	27.8.2	The obligations of the Borrower and SAVVIS, Inc. under this Deed, the Security Interests intended to be created by this Deed, and the rights, powers and remedies of the Lender under
this Deed shall not be discharged, impaired or otherwise affected by: 

  

	 	27.8.2.1	any legal limitation, disability, incapacity or other circumstances relating to any other person; 

  

	 	27.8.2.2	the Winding-up, dissolution, administration or reorganisation of any other person or any change in its status, function, control or ownership; 

  

	 	27.8.2.3	any of the Secured Liabilities or any security therefor being or becoming illegal, invalid, unenforceable or ineffective in any respect; 

  

	 	27.8.2.4	time or other indulgence being granted or agreed to be granted to any other person in respect of any of the Secured Liabilities; 

  

	 	27.8.2.5	any amendment to, or any variation, waiver or release of, any of the Secured Liabilities however fundamental the same may be; 

  

	 	27.8.2.6	any failure to take, or fully to take, any security contemplated by any Finance Document or otherwise agreed to be taken in respect of the Secured Liabilities;


  

	 	27.8.2.7	any failure to realise, or fully to realise the value of, or any release, discharge, exchange or substitution of, any security taken in respect of the Secured Liabilities; or


  

	 	27.8.2.8	any other act, event or omission (other than an express discharge by the Lender in writing) which, but for this Clause 27.8.2, might operate to discharge, impair or otherwise affect
the security interest(s) created by this Deed or any of the obligations of the Borrower or SAVVIS, Inc. under this Deed or any of the rights, powers or remedies conferred upon the Lender by any Finance Document or by law. 


 

 25 









	 	27.9	Lender’s rights 

 The Lender shall not be
obliged before the exercise of the rights, powers or remedies conferred upon the Lender in respect of the Borrower or SAVVIS, Inc. or the Security Assets by any Finance Document or by law: 
  

	 	27.9.1	to make any demand of any other person; 

  

	 	27.9.2	to take any action or obtain judgment in any court against any other person; 

  

	 	27.9.3	to make or file any claim or proof in a Winding-up or dissolution of any other person; 

  


	 	27.9.4	to enforce or seek to enforce any other security taken in respect of the Secured Liabilities; and/or 

  

	 	27.9.5	to exercise any right of set-off, counterclaim or similar rights against any other person, or to have the benefit of any payment or other distribution from any other person.


  

	 	27.10	Perpetuity period 

 The perpetuity period for the
trusts contained in this Deed is 80 years from the date of this Deed. 
  

	 	28	REASSIGNMENT AND RELEASE OF SECURITY 

 On the
expiry of the Security Period, the Lender shall, at the request and cost of the Borrower and without any warranty or representation in connection with the reassignment, execute such reassignments and do all such other deeds, acts and things as may
be necessary to reassign those Security Assets (then in existence) which were assigned to the Lender and to release the remaining Security Assets from this Security. 
  

	 	29	MISCELLANEOUS 

  

	 	29.1	Certificate of Lender 

 The certificate of the
Lender as to: 
  

	 	29.1.1	any matter in relation to this Deed which is to be designated, calculated, decided, determined or certified by the Lender under, or in respect of, this Deed;


  

	 	29.1.2	the amount at any time of the Secured Liabilities or any other amount payable under this Deed; or 

  

	 	29.1.3	any rate of exchange or currencies, 

  

 26 








 shall be conclusive and binding on the Borrower and SAVVIS, Inc. unless there is an obvious error.

  

	 	29.2	Severability 

 If a provision of this Deed is or
becomes illegal, invalid or unenforceable in any jurisdiction, that shall not affect: 
  

	 	29.2.1	the validity or enforceability in that jurisdiction of any other provision of this Deed; or 

  

	 	29.2.2	the validity or enforceability in any other jurisdiction of that or any other provision of this Deed. 

  

	 	29.3	Waivers, remedies cumulative 

 The rights of the
Lender under this Deed: 
  

	 	29.3.1	may be exercised as often as the Lender considers necessary or desirable; 

  

	 	29.3.2	are cumulative and not exclusive of its respective rights under any applicable law; and 

  

	 	29.3.3	may be waived only in writing and specifically. 

  

	 	29.4	Delay 

 Delay in exercising or the non-exercise of
any right of the Lender under this Deed is not a waiver of that right. 
  

	 	30	ASSIGNMENTS, TRANSFER, ETC 

  

	 	30.1	Borrower 

 Neither the Borrower nor SAVVIS, Inc.
may assign, transfer or otherwise dispose of any of its rights or obligations under this Deed. 
  

	 	30.2	Lender 

  

	 	30.2.1	The benefit of this Deed may be assigned in whole or in part by the Lender without regard to any set-off, counterclaim or equities between the Borrower or SAVVIS, Inc. and the
Lender or any intermediate holder and each of the Borrower and SAVVIS, Inc. undertakes, promptly after being required to do so by the Lender, to enter into such documents as may be necessary or desirable to effect said transfer.


  

 27 









	 	30.2.2	Any assignment by the Lender must comply with the terms and conditions of Clause 31 of the Facility Agreement. 

  

	 	30.3	Disclosure of information 

 The Lender shall be
entitled to disclose any information concerning the Borrower or SAVVIS, Inc. and the Finance Documents as the Lender shall consider appropriate to a person to whom the Lender has assigned or purported to assign the benefit of this Deed or to any
person who may otherwise enter into or proposes to enter into contractual relations with the Lender in relation to this Deed if the person to whom the information is to be given has entered into a Confidentiality Undertaking (substantially in the
form most recently recommended (or suggested) by the LMA). 
  

	 	31	NOTICES 

  

	 	31.1	Communications in accordance with the Facility Agreement 

 Each communication to be made under this Deed shall be made in accordance with Clause 35 (Notices) of the Facility Agreement. 
  

	 	32	COUNTERPARTS 

 This Deed may be executed in any
number of counterparts and this has the same effect as if the signatures on the counterparts were on a single copy of this Deed. 
  

	 	33	NON-CONTRAVENTION 

 It is hereby certified that the
Security created hereby does not contravene any of the provisions of the Memorandum or Articles of Association of the Borrower or any constitutional documents relating to SAVVIS, Inc. 
  

	 	34	AMENDMENT 

 Any term of this Deed may be amended or
waived only with the consent of the Lender, the Borrower and SAVVIS, Inc. and in accordance with the terms of the Intercreditor Agreement and any such amendment or waiver will be binding on all parties. 
  

	 	35	GOVERNING LAW 

 This Deed is governed by English
law. 
  

	 	36	ENFORCEMENT 

  

	 	36.1	Jurisdiction and Agent for Services of Process 

 Clause 43 (Jurisdiction) and 44 (Agent for Service of Process) of the Facility Agreement shall apply, mutatis mutandis, to this Deed. 
  

 28 








 This Deed has been executed as a Deed and delivered as a deed on the date stated at the beginning of
this Deed. 
  

 29 









							
	THE BORROWER	 	)	 		  	
				
	SIGNED as a DEED by	 	)	 		  	
				
	SAVVIS UK LIMITED	 	)	 	 /s/ Jeffrey H. Von Deylen
	  	
				
	acting by Jeffrey H Von Deylen and	 	)	 		  	
		
	Edward Mueller	 	Director
				
		 		 	 /s/ Edward Mueller
	  	
		
	Address: Eskdale Road, Winnersh	 	Director/Secretary
	Triangle, Wokingham,	 		 		  	
				
	Berkshire RG41 5TS	 		 		  	
				
	Facsimile no: 44 (0)118 322 6092	 		 		  	
				
	Attention: Secretary	 		 		  	
				
	THE GUARANTOR	 	)	 		  	
				
	Executed as a Deed	 	)	 		  	
				
	by	 	)	 	 /s/ Jeffrey H. Von Deylen
	  	
				
	SAVVIS, Inc., a Delaware Corporation	 	)	 		  	
		
	acting by	 	Authorised Signatory
				
	 being persons who in accordance with
 the laws of
that territory are acting
 under the authority of and for and on
 behalf of SAVVIS, Inc.
	 		 	 /s/ Meredith M. Graham
	  	
		
		 	Authorised Signatory
				
	 Address: One SAVVIS Parkway, Town
 & Country,
Missouri 63017 USA
	 		 		  	
				
	Facsimile no: 314 628 7450	 		 		  	
				
	Attention: Chief Financial	 		 		  	

  

 30 









							
	THE LENDER	 	)	 		  	
				
	SIGNED for and on behalf of	 	)	 		  	
	LOMBARD NORTH CENTRAL PLC	 	)	 	 /s/ P. A. Stranaghan
	  	
		
		 	Attorney
				
	 Address: 3 Princess Way, Redhill,
 Surrey RH1
1NP
	 		 		  	
		 		 	 /s/ Ian Tyrer
	  	
	Facsimile no: 44 (0)1737 774466	 		 		  	
				
	Attention: Corporate Relationship Manager	 		 		  	

  

 31