Document:

Switch & Data 2007 Stock Incentive Plan

 Exhibit 10.9 
 SWITCH & DATA 2007 STOCK INCENTIVE PLAN 
 1. Purposes of the Plan. The purposes of
this Switch & Data 2007 Stock Incentive Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees and Consultants, and to promote the success of the
Company’s business. Awards granted under the Plan may be Incentive Stock Options, Nonqualified Stock Options, Restricted Stock Awards, Performance Units, Performance Shares or Stock Appreciation Rights. 
 2. Definitions. As used herein, the following definitions shall apply: 
 (a) “Administrator” means the Board or any Committee or person as shall be administering the Plan, in accordance with Section 4 of
the Plan. 
 (b) “Applicable Law” means the legal requirements relating to the administration of the Plan under applicable
federal, state, local and foreign corporate, tax and securities laws, and the rules and requirements of any stock exchange or quotation system on which the Common Stock is listed or quoted. 
 (c) “Award” means an Option, Stock Appreciation Right, Restricted Stock Award, Performance Unit or Performance Share granted under the
Plan. 
 (d) “Award Agreement” means a written agreement by which an Award is evidenced. 
 (e) “Board” means the Board of Directors of the Company. 
 (f) “Change in Control” means the happening of any of the following: 
 (i) When any
“person,” as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than the Company, a Subsidiary or a Company employee benefit plan, including any trustee of such plan acting as trustee) is or becomes the
“beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50 percent or more of the combined voting power of the Company’s then outstanding securities; or

 (ii) The occurrence of a transaction requiring shareholder approval, and involving the sale of all or substantially all of the assets of
the Company or the merger of the Company with or into another corporation. 
 (g) “Change in Control Price” means, as
determined by the Board, 
 (i) the highest Fair Market Value of a Share within the 60-day period immediately preceding the date of
determination of the Change in Control Price by the Board (the “60-Day Period”), or 

 (ii) the highest price paid or offered per Share, as determined by the Board, in any bona fide
transaction or bona fide offer related to the Change in Control of the Company, at any time within the 60-Day Period, or 
 (iii) some lower
price as the Board, in its sole and absolute discretion, determines to be a reasonable estimate of the fair market value of a Share. 
 (h)
“Code” means the Internal Revenue Code of 1986, as amended. 
 (i) “Committee” means a Committee appointed
by the Board in accordance with Section 4 of the Plan. 
 (j) “Common Stock” means the Common Stock, $.0001 value, of
the Company. 
 (k) “Company” means Switch & Data Facilities Company, Inc., a Delaware corporation. 
 (l) “Consultant” means any person, including an advisor, engaged by the Company or a Parent or Subsidiary to render services and who is
compensated for such services, including without limitation non-Employee Directors who are paid only a director’s fee by the Company or who are compensated by the Company for their services as non-Employee Directors. In addition, as used
herein, “consulting relationship” shall be deemed to include service by a non-Employee Director as such. 
 (m) “Continuous
Status as an Employee or Consultant” means that the employment or consulting relationship is not interrupted or terminated by the Company, any Parent or Subsidiary. Continuous Status as an Employee or Consultant shall not be considered
interrupted in the case of (i) any leave of absence approved in writing by the Board, an Officer, or a person designated in writing by the Board or an Officer as authorized to approve a leave of absence, including sick leave, military leave, or
any other personal leave; provided, however, that for purposes of Incentive Stock Options, any such leave may not exceed 90 days, unless reemployment upon the expiration of such leave is guaranteed by contract (including certain Company policies) or
statute, or (ii) transfers between locations of the Company or between the Company, a Parent, a Subsidiary or successor of the Company; or (iii) a change in the status of the Grantee from Employee to Consultant or from Consultant to
Employee. 
 (n) “Covered Stock” means the Common Stock subject to an Award. 
 (o) “Date of Grant” means the date on which the Administrator makes the determination granting the Award, or such other later date as is
determined by the Administrator. Notice of the determination shall be provided to each Grantee within a reasonable time after the Date of Grant. 

 (p) “Date of Termination” means the date on which a Grantee’s Continuous Status as
an Employee or Consultant terminates. 
 (q) “Director” means a member of the Board. 
 (r) “Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code. 
 (s) “Employee” means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company.
Neither service as a Director nor payment of a director’s fee by the Company shall be sufficient to constitute “employment” by the Company. 
 (t) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (u)
“Fair Market Value” means, as of any date, the value of Common Stock determined as follows: 
 (i) If the Common Stock is
then listed on a national securities exchange, the Fair Market Value of a Share of Common Stock shall be the closing sales price for such stock as quoted on such exchange on the day of determination, or, if there was no sale of Shares of Common
Stock on such date, for the last preceding date on which there was a sale of Shares of Common Stock on such exchange, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 
 (ii) If the Common Stock is not then listed on a national securities exchange but is then traded on an over-the-counter market, the Fair Market Value of
a Share of Common Stock shall be the mean between the high bid and low asked prices for the Common Stock on the day of determination, or, if there was not bid and asked quotation on such date, for the last preceding date on which there was a bid and
asked quotation for the Common Stock in such market, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 
 (iii) In the absence of an established market for the Common Stock, the Fair Market Value shall be determined in good faith by the Administrator. 
 (v) “Grantee” means an individual who has been granted an Award. 
 (w) “Incentive Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of
the Code and the regulations promulgated thereunder. 
 (x) “Mature Shares” means Shares for which the holder thereof has
good title, free and clear of all liens and encumbrances, and that such holder either (i) has held for at least six months or (ii) has purchased on the open market. 

 (y) “Nonqualified Stock Option” means an Option not intended to qualify as an Incentive
Stock Option. 
 (z) “Officer” means a person who is an officer of the Company within the meaning of Section 16 of the
Exchange Act and the rules and regulations promulgated thereunder. 
 (aa) “Option” means a stock option granted under the
Plan. 
 (bb) “Parent” means a corporation, whether now or hereafter existing, in an unbroken chain of corporations ending
with the Company if each of the corporations other than the Company holds at least 50 percent of the voting shares of one of the other corporations in such chain. 
 (cc) “Performance Period” means the time period during which the performance goals established by the Administrator with respect to a Performance Unit or Performance Share, pursuant to Section 9
of the Plan, must be met. 
 (dd) “Performance Share” has the meaning set forth in Section 9 of the Plan. 

(ee) “Performance Unit” has the meaning set forth in Section 9 of the Plan. 
 (ff) “Plan” means this Switch & Data 2007 Stock Incentive Plan, as it may be amended from time to time. 
 (gg) “Restricted Stock Award” means Shares that are awarded to a Grantee pursuant to Section 8 of the Plan. 
 (hh) “Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is
being exercised with respect to the Plan. 
 (ii) “Share” means a share of the Common Stock, as adjusted in accordance with
Section 11 of the Plan. 
 (jj) “Stock Appreciation Right” or “SAR” has the meaning set forth in
Section 7 of the Plan. 
 (kk) “Subsidiary” means a corporation, domestic or foreign, of which not less than 50 percent
of the voting shares are held by the Company or a Subsidiary, whether or not such corporation now exists or is hereafter organized or acquired by the Company or a Subsidiary. 
 3. Stock Subject to the Plan. Subject to the provisions of Section 11 of the Plan and except as otherwise provided in this Section 3,
the maximum aggregate number of Shares that may be subject to Awards under the Plan since the Plan became effective is 5,132,542 Shares, provided, however, that not more than 5,000,000 Shares may be subject to Awards that are Incentive Stock
Options. The Shares may be authorized, but unissued, or reacquired Common Stock. 

 If an Award expires or becomes unexercisable without having been exercised in full the remaining Shares
that were subject to the Award shall become available for future Awards under the Plan (unless the Plan has terminated). 
 4.
Administration of the Plan. 
 (a) Procedure. 
 (i) Multiple Administrative Bodies. The Plan may be administered by different bodies with respect to different groups of Employees and Consultants. Except as provided below, the Plan shall be administered by
(A) the Board or (B) a committee designated by the Board and constituted to satisfy Applicable Law. 
 (ii) Rule 16b-3. To
the extent the Board considers it desirable for transactions relating to Awards to be eligible to qualify for an exemption under Rule 16b-3, the transactions contemplated under the Plan shall be structured to satisfy the requirements for exemption
under Rule 16b-3. 
 (iii) Section 162(m) of the Code. To the extent the Board considers it desirable for compensation delivered
pursuant to Awards to be eligible to qualify for an exemption from the limit on tax deductibility of compensation under Section 162(m) of the Code, the transactions contemplated under the Plan shall be structured to satisfy the requirements for
exemption under Section 162(m) of the Code. 
 (iv) Authorization of Officers to Grant Options. In accordance with Applicable
Law, the Board may, by a resolution adopted by the Board, authorize one or more Officers to designate Officers and Employees (excluding the Officer so authorized) to be Grantees of Options and determine the number of Options to be granted to such
Officers and Employees; provided, however, that the resolution adopted by the Board so authorizing such Officer or Officers shall specify the total number and the terms (including the exercise price, which may include a formula by which such price
may be determined) of Options such Officer or Officers may so grant. 
 (b) Powers of the Administrator. Subject to the provisions of
the Plan, and in the case of a Committee or an Officer, subject to the specific duties delegated by the Board to such Committee or Committee, the Administrator shall have the authority, in its sole and absolute discretion: 
 (i) to determine the Fair Market Value of the Common Stock, in accordance with Section 2(u) of the Plan; 
 (ii) to select the Consultants and Employees to whom Awards will be granted under the Plan; 
 (iii) to determine whether, when, to what extent and in what types and amounts Awards are granted under the Plan; 

 (iv) to determine the number of shares of Common Stock to be covered by each Award granted under the
Plan; 
 (v) to determine the forms of Award Agreements, which need not be the same for each grant or for each Grantee, for use under the
Plan; 
 (vi) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted under the Plan. Such
terms and conditions, which need not be the same for each grant or for each Grantee, include, but are not limited to, the exercise price, the time or times when Options and SARs may be exercised (which may be based on performance criteria), the
extent to which vesting is suspended during a leave of absence, any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or the shares of Common Stock relating thereto, based in each case
on such factors as the Administrator shall determine; 
 (vii) to construe and interpret the terms of the Plan and Awards; 
 (viii) to prescribe, amend and rescind rules and regulations relating to the Plan, including, without limiting the generality of the foregoing, rules
and regulations relating to the operation and administration of the Plan to accommodate the specific requirements of local and foreign laws and procedures; 
 (ix) to modify or amend each Award (subject to Section 13 of the Plan); 
 (x) to authorize any person
to execute on behalf of the Company any instrument required to effect the grant of an Award previously granted by the Administrator; 
 (xi)
to determine the terms and restrictions applicable to Awards; 
 (xii) to make such adjustments or modifications to Awards granted to
Grantees who are Employees of foreign Subsidiaries as are advisable to fulfill the purposes of the Plan or to comply with Applicable Law; 
 (xiii) to delegate its duties and responsibilities under the Plan with respect to sub-plans applicable to foreign Subsidiaries, except its duties and responsibilities with respect to Employees who are also Officers or Directors subject to
Section 16(b) of the Exchange Act; and 
 (xiv) to make all other determinations deemed necessary or advisable for administering the
Plan. 
 (c) Effect of Administrator’s Decision. The Administrator’s decisions, determinations and interpretations shall be
final and binding on all Grantees and any other holders of Awards. 

 5. Eligibility and General Conditions of Awards. 
 (a) Eligibility. Awards other than Incentive Stock Options may be granted to Employees and Consultants. Incentive Stock Options may be granted only
to Employees. If otherwise eligible, an Employee or Consultant who has been granted an Award may be granted additional Awards. 
 (b)
Maximum Term. Subject to the following provision, the term during which an Award may be outstanding shall not extend more than ten years after the Date of Grant, and shall be subject to earlier termination as specified elsewhere in the Plan
or Award Agreement. 
 (c) Award Agreement. To the extent not set forth in the Plan, the terms and conditions of each Award, which
need not be the same for each grant or for each Grantee, shall be set forth in an Award Agreement. 
 (d) Termination of Employment or
Consulting Relationship. In the event that a Grantee’s Continuous Status as an Employee or Consultant terminates (other than upon the Grantee’s death or Disability), then, unless otherwise provided by the Award Agreement, and subject
to Section 11 of the Plan: 
 (i) the Grantee may exercise his or her unexercised Option or SAR, but only within such period of time as
is determined by the Administrator, and only to the extent that the Grantee was entitled to exercise it at the Date of Termination (but in no event later than the expiration of the term of such Option or SAR as set forth in the Award Agreement). In
the case of an Incentive Stock Option, the Administrator shall determine such period of time (in no event to exceed three months from the Date of Termination) when the Option is granted. If, at the Date of Termination, the Grantee is not entitled to
exercise his or her entire Option or SAR, the Shares covered by the unexercisable portion of the Option or SAR shall revert to the Plan. If, after the Date of Termination, the Grantee does not exercise his or her Option or SAR within the time
specified by the Administrator, the Option or SAR shall terminate, and the Shares covered by such Option or SAR shall revert to the Plan; 
 (ii) the Grantee’s Restricted Stock Awards, to the extent forfeitable immediately before the Date of Termination, shall thereupon automatically be forfeited; 
 (iii) the Grantee’s Restricted Stock Awards that were not forfeitable immediately before the Date of Termination shall promptly be settled by
delivery to the Grantee of a number of unrestricted Shares equal to the aggregate number of the Grantee’s vested Restricted Stock Awards; 
 (iv) any Performance Shares or Performance Units with respect to which the Performance Period has not ended as of the Date of Termination shall terminate immediately upon the Date of Termination. 
 (e) Disability of Grantee. In the event that a Grantee’s Continuous Status as an Employee or Consultant terminates as a result of the
Grantee’s Disability, then, unless otherwise provided by the Award Agreement: 

 (i) the Grantee may exercise his or her unexercised Option or SAR at any time within 12 months from the
Date of Termination, but only to the extent that the Grantee was entitled to exercise the Option or SAR at the Date of Termination (but in no event later than the expiration of the term of the Option or SAR as set forth in the Award Agreement). If,
at the Date of Termination, the Grantee is not entitled to exercise his or her entire Option or SAR, the Shares covered by the unexercisable portion of the Option or SAR shall revert to the Plan. If, after the Date of Termination, the Grantee does
not exercise his or her Option or SAR within the time specified herein, the Option or SAR shall terminate, and the Shares covered by such Option or SAR shall revert to the Plan. 
 (ii) the Grantee’s Restricted Stock Awards, to the extent forfeitable immediately before the Date of Termination, shall thereupon automatically be
forfeited; 
 (iii) the Grantee’s Restricted Stock Awards that were not forfeitable immediately before the Date of Termination shall
promptly be settled by delivery to the Grantee of a number of unrestricted Shares equal to the aggregate number of the Grantee’s vested Restricted Stock Awards; 
 (iv) any Performance Shares or Performance Units with respect to which the Performance Period has not ended as of the Date of Termination shall terminate immediately upon the Date of Termination. 
 (f) Death of Grantee. In the event of the death of an Grantee, then, unless otherwise provided by the Award Agreement, 
 (i) the Grantee’s unexercised Option or SAR may be exercised at any time within 12 months following the date of death (but in no event later than
the expiration of the term of such Option or SAR as set forth in the Award Agreement), by the Grantee’s estate or by a person who acquired the right to exercise the Option or SAR by bequest or inheritance, but only to the extent that the
Grantee was entitled to exercise the Option or SAR at the date of death. If, at the time of death, the Grantee was not entitled to exercise his or her entire Option or SAR, the Shares covered by the unexercisable portion of the Option or SAR shall
immediately revert to the Plan. If, after death, the Grantee’s estate or a person who acquired the right to exercise the Option or SAR by bequest or inheritance does not exercise the Option or SAR within the time specified herein, the Option or
SAR shall terminate, and the Shares covered by such Option or SAR shall revert to the Plan. 
 (ii) the Grantee’s Restricted Stock
Awards, to the extent forfeitable immediately before the date of death, shall thereupon automatically be forfeited; 
 (iii) the
Grantee’s Restricted Stock Awards that were not forfeitable immediately before the date of death shall promptly be settled by delivery to the Grantee’s estate or a person who acquired the right to hold the Stock Grant by bequest or
inheritance, of a number of unrestricted Shares equal to the aggregate number of the Grantee’s vested Restricted Stock Awards; 

 (iv) any Performance Shares or Performance Units with respect to which the Performance Period has not
ended as of the date of death shall terminate immediately upon the date of death. 
 (g) Nontransferability of Awards. 
 (i) Except as provided in Section 5(g)(iii) below, each Award, and each right under any Award, shall be exercisable only by the Grantee during the
Grantee’s lifetime, or, if permissible under Applicable Law, by the Grantee’s guardian or legal representative. 
 (ii) Except as
provided in Section 5(g)(iii) below, no Award (prior to the time, if applicable, Shares are issued in respect of such Award), and no right under any Award, may be assigned, alienated, pledged, attached, sold or otherwise transferred or
encumbered by a Grantee otherwise than by will or by the laws of descent and distribution (or in the case of Restricted Stock Awards, to the Company) and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance
shall be void and unenforceable against the Company or any Subsidiary; provided, that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. 
 (iii) To the extent and in the manner permitted by Applicable Law, and to the extent and in the manner permitted by the Administrator, and subject to
such terms and conditions as may be prescribed by the Administrator, a Grantee may transfer an Award to: 
 (A) a child, stepchild,
grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the Grantee (including adoptive relationships); 
 (B) any person sharing the employee’s household (other than a tenant or employee); 
 (C) a trust in which persons described in (A) and (B) have more than 50 percent of the beneficial interest; 
 (D) a foundation in which persons described in (A) or (B) or the Grantee control the management of assets; or 
 (E) any other entity in which the persons described in (A) or (B) or the Grantee own more than 50 percent of the voting interests; 

provided such transfer is not for value. The following shall not be considered transfers for value: a transfer under a domestic relations order in settlement of
marital property rights, and a transfer to an entity in which more than 50 percent of the voting interests are owned by persons described in (A) above or the Grantee, in exchange for an interest in such entity. 

 6. Stock Options. 
 (a) Limitations. 
 (i) Each Option shall be designated in the Award Agreement as either an Incentive
Stock Option or a Nonqualified Stock Option. Any Option designated as an Incentive Stock Option: 
 (A) shall not have an aggregate Fair
Market Value (determined for each Incentive Stock Option at the Date of Grant) of Shares with respect to which Incentive Stock Options are exercisable for the first time by the Grantee during any calendar year (under the Plan and any other employee
stock option plan of the Company or any Parent or Subsidiary (“Other Plans”)), determined in accordance with the provisions of Section 422 of the Code, that exceeds $100,000 (the “$100,000 Limit”); 
 (B) shall, if the aggregate Fair Market Value of Shares (determined on the Date of Grant) with respect to the portion of such grant that is exercisable
for the first time during any calendar year (“Current Grant”) and all Incentive Stock Options previously granted under the Plan and any Other Plans that are exercisable for the first time during a calendar year (“Prior Grants”)
would exceed the $100,000 Limit, be exercisable as follows: 
 (1) The portion of the Current Grant that would, when added to any Prior
Grants, be exercisable with respect to Shares that would have an aggregate Fair Market Value (determined as of the respective Date of Grant for such Options) in excess of the $100,000 Limit shall, notwithstanding the terms of the Current Grant, be
exercisable for the first time by the Grantee in the first subsequent calendar year or years in which it could be exercisable for the first time by the Grantee when added to all Prior Grants without exceeding the $100,000 Limit; and 
 (2) If, viewed as of the date of the Current Grant, any portion of a Current Grant could not be exercised under the preceding provisions of this
Section 6(a)(i)(B) during any calendar year commencing with the calendar year in which it is first exercisable through and including the last calendar year in which it may by its terms be exercised, such portion of the Current Grant shall not
be an Incentive Stock Option, but shall be exercisable as a separate Option at such date or dates as are provided in the Current Grant. 
 (ii) No Employee shall be granted, in any fiscal year of the Company, Options to purchase more than 1,000,000 Shares. The limitation described in this Section 6(a)(ii) shall be adjusted proportionately in connection with any change in
the Company’s capitalization as described in Section 11 of the Plan. If an Option is canceled in the same fiscal year of the Company in which it was granted (other than in connection with a transaction described in Section 11 of the
Plan), the canceled Option will be counted against the limitation described in this Section 6(a)(ii). 

 (b) Term of Option. The term of each Option shall be stated in the Award Agreement; provided,
however, that in the case of an Incentive Stock Option, the term shall be 10 years from the date of grant or such shorter term as may be provided in the Award Agreement. Moreover, in the case of an Incentive Stock Option granted to a Grantee who, at
the time the Incentive Stock Option is granted, owns stock representing more than 10 percent of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option shall be five years from the
date of grant or such shorter term as may be provided in the Award Agreement. 
 (c) Option Exercise Price and Consideration.

 (i) Exercise Price. The per share exercise price for the Shares to be issued pursuant to exercise of an Option shall be determined
by the Administrator and, except as otherwise provided in this Section 6(c)(i), shall be no less than 100 percent of the Fair Market Value per Share on the Date of Grant. 
 (A) In the case of an Incentive Stock Option granted to an Employee who on the Date of Grant owns stock representing more than 10 percent of the voting
power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price shall be no less than 110 percent of the Fair Market Value per Share on the Date of Grant. 
 (B) Any Option that is (1) granted to a Grantee in connection with the acquisition (“Acquisition”), however effected, by the Company of
another corporation or entity (“Acquired Entity”) or the assets thereof, (2) associated with an option to purchase shares of stock or other equity interest of the Acquired Entity or an affiliate thereof (“Acquired Entity
Option”) held by such Grantee immediately prior to such Acquisition, and (3) intended to preserve for the Grantee the economic value of all or a portion of such Acquired Entity Option, may be granted with such exercise price as the
Administrator determines to be necessary to achieve such preservation of economic value. 
 (C) Any Option that is granted to a Grantee not
previously employed by the Company, or a Parent or Subsidiary, as a material inducement to the Grantee’s commencing employment with the Company may be granted with such exercise price as the Administrator determines to be necessary to provide
such material inducement. 
 (d) Waiting Period and Exercise Dates. At the time an Option is granted, the Administrator shall fix the
period within which the Option may be exercised and shall determine any conditions that must be satisfied before the Option may be exercised. An Option shall be exercisable only to the extent that it is vested according to the terms of the Award
Agreement. 
 (e) Form of Consideration. The Administrator shall determine the acceptable form of consideration for exercising an
Option, including the method of payment. In the case of an Incentive Stock Option, the Administrator shall determine the acceptable form of consideration at the time of grant. The acceptable form of consideration may consist of any combination of
cash, personal check, wire transfer or, subject to the approval of the Administrator: 

 (i) pursuant to rules and procedures approved by the Administrator, promissory note; 
 (ii) Mature Shares; 
 (iii) pursuant to
procedures approved by the Committee, (A) through the sale of the Shares acquired on exercise of the Option through a broker-dealer to whom the Grantee has submitted an irrevocable notice of exercise and irrevocable instructions to deliver
promptly to the Company the amount of sale or loan proceeds sufficient to pay the exercise price, together with, if requested by the Company, the amount of federal, state, local or foreign withholding taxes payable by the Grantee by reason of such
exercise, or (B) through simultaneous sale through a broker of Shares acquired upon exercise; or 
 (iv) such other consideration and
method of payment for the issuance of Shares to the extent permitted by Applicable Law. 
 (f) Exercise of Option. 
 (i) Procedure for Exercise; Rights as a Shareholder. 
 (A) Any Option granted hereunder shall be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement. 

(B) An Option may not be exercised for a fraction of a Share. 
 (C) An Option shall be deemed exercised when the Company receives: 
 (1) written notice of exercise (in
accordance with the Award Agreement) from the person entitled to exercise the Option, and 
 (2) full payment for the Shares with respect to
which the Option is exercised. Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Award Agreement and the Plan. 
 (3) Shares issued upon exercise of an Option shall be issued in the name of the Grantee or, if requested by the Grantee, in the name of the Grantee and
his or her spouse. Until the stock certificate evidencing such Shares is issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any
other rights as a shareholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such stock certificate promptly after the Option is exercised. No adjustment
will be made for a dividend or other right for which the record date is prior to the date the stock certificate is issued, except as provided in Section 11 of the Plan. 

 (4) Exercising an Option in any manner shall decrease the number of Shares thereafter available, both
for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 
 7. Stock
Appreciation Rights. 
 (a) Grant of SARs. Subject to the terms and conditions of the Plan, the Administrator may grant SARs in
tandem with an Option or alone and unrelated to an Option. Tandem SARs shall expire no later than the expiration of the underlying Option. 
 (b) Exercise of SARs. SARs shall be exercised by the delivery of a written notice of exercise to the Company, setting forth the number of Shares over which the SAR is to be exercised. Tandem SARs may be exercised: 
 (i) with respect to all or part of the Shares subject to the related Option upon the surrender of the right to exercise the equivalent portion of the
related Option; 
 (ii) only with respect to the Shares for which its related Option is then exercisable; and 
 (iii) only when the Fair Market Value of the Shares subject to the Option exceeds the exercise price of the Option. 
 The value of the payment with respect to the tandem SAR may be no more than 100 percent of the difference between the exercise price of the underlying Option and the
Fair Market Value of the Shares subject to the underlying Option at the time the tandem SAR is exercised. 
 (c) Payment of SAR
Benefit. Upon exercise of a SAR, the Grantee shall be entitled to receive payment from the Company in an amount determined by multiplying: 
 (i) the excess of the Fair Market Value of a Share on the date of exercise over the SAR exercise price; by 
 (ii) the number of
Shares with respect to which the SAR is exercised; 
 provided, that the Administrator may provide in the Award Agreement that the benefit payable on
exercise of a SAR shall not exceed such percentage of the Fair Market Value of a Share on the Date of Grant, or any other limitation, as the Administrator shall specify. As determined by the Administrator, the payment upon exercise of a SAR may be
in cash, in Shares that have an aggregate Fair Market Value (as of the date of exercise of the SAR) equal to the amount of the payment, or in some combination thereof, as set forth in the Award Agreement. 
 (d) No Employee shall be granted, in any fiscal year, SARs with respect to more than 1,000,000 Shares. The limitation described in this Section 7(d)
shall be adjusted proportionately in connection with any change in the Company’s capitalization as described in Section 11 of the Plan. If a SAR is canceled in the same fiscal year of the Company in which it was granted (other than in
connection with a transaction described in Section 11 of the Plan), the canceled SAR will be counted against the limitation described in this Section 7(d). 

 8. Restricted Stock Awards. Subject to the terms of the Plan, the Administrator may grant
Restricted Stock Awards to any Employee or Consultant, in such amount and upon such terms and conditions as shall be determined by the Administrator. 
 (a) Administrator Action. The Administrator acting in its sole and absolute discretion shall have the right to grant Restricted Stock to Employees and Consultants under the Plan from time to time. Each
Restricted Stock Award shall be evidenced by a Restricted Stock Agreement, and each Restricted Stock Agreement shall set forth the conditions, if any, which will need to be timely satisfied before the grant will be effective and the conditions, if
any, under which the Grantee’s interest in the related Stock will be forfeited. The Administrator may make grants of Performance-Based Restricted Stock and grants of Restricted Stock that is not Performance-Based Restricted Stock. 

(b) Performance-Based Restricted Stock. 
 (i) Effective Date. A grant of Performance-Based Restricted Stock shall be effective as of the date the Administrator certifies that the applicable conditions described in Section 8(b)(iii) of the Plan have been timely
satisfied. 
 (ii) Share Limitation. No more than 1,000,000 shares of Performance-Based Restricted Stock may be granted to an
Employee or Consultant in any calendar year. 
 (iii) Grant Conditions. The Administrator, acting in its sole and absolute
discretion, may select from time to time Employees and Consultants to receive grants of Performance-Based Restricted Stock in such amounts as the Administrator may, in its sole and absolute discretion, determine, subject to any limitations provided
in the Plan. The Administrator shall make each grant subject to the attainment of certain performance targets. The Administrator shall determine the performance targets which will be applied with respect to each grant of Performance-Based Restricted
Stock at the time of grant, but in no event later than 90 days after the commencement of the period of service to which the performance targets relate. The performance criteria applicable to Performance-Based Restricted Stock grants will be one or
more of the following criteria: (i) Common Stock price; (ii) average annual growth in earnings per share; (iii) increase in shareholder value; (iv) earnings per share; (v) net income; (vi) return on assets;
(vii) return on shareholders’ equity; (viii) increase in cash flow; (ix) operating profit or operating margins; (x) revenue growth of the Company; and (xi) operating expenses. The related Restricted Stock Agreement
shall set forth the applicable performance criteria and the deadline for satisfying the performance criteria. 
 (iv) Forfeiture
Conditions. The Administrator may make each Performance-Based Restricted Stock grant (if, when and to the extent that the grant becomes effective) subject to one, or more than one, objective employment, performance or other forfeiture condition
which the Administrator acting in its sole and absolute discretion deems appropriate under the circumstances for Employees or Consultants generally or for a Grantee in particular, and the related Restricted Stock Agreement shall set forth each

 
such condition and the deadline for satisfying each such forfeiture condition. A Grantee’s nonforfeitable interest in the Shares related to a
Performance-Based Restricted Stock grant shall depend on the extent to which each such condition is timely satisfied. A Stock certificate shall be issued (subject to the conditions, if any, described in this Section 8(b)) to, or for the benefit
of, the Grantee with respect to the number of shares for which a grant has become effective as soon as practicable after the date the grant becomes effective. 
 (c) Restricted Stock Other Than Performance-Based Restricted Stock. 
 (i) Effective Date. A
Restricted Stock grant which is not a grant of Performance-Based Restricted Stock shall be effective (a) as of the date set by the Administrator when the grant is made or, if the grant is made subject to one, or more than one, condition,
(b) as of the date the Administrator determines that such conditions have been timely satisfied. 
 (ii) Grant Conditions. The
Administrator acting in its sole and absolute discretion may make the grant of Restricted Stock which is not Performance-Based Restricted Stock to a Grantee subject to the satisfaction of one, or more than one, objective employment, performance or
other grant condition which the Administrator deems appropriate under the circumstances for Employees or Consultants generally or for a Grantee in particular, and the related Restricted Stock Agreement shall set forth each such condition and the
deadline for satisfying each such grant condition. 
 (iii) Forfeiture Conditions. The Administrator may make each grant of
Restricted Stock which is not a grant of Performance-Based Restricted Stock (if, when and to the extent that the grant becomes effective) subject to one, or more than one, objective employment, performance or other forfeiture condition which the
Administrator acting in its sole and absolute discretion deems appropriate under the circumstances for Employees or Consultants generally or for a Grantee in particular, and the related Restricted Stock Agreement shall set forth each such condition
and the deadline for satisfying each such forfeiture condition. A Grantee’s nonforfeitable interest in the Shares related to a grant of Restricted Stock which is not a grant of Performance-Based Restricted Stock shall depend on the extent to
which each such condition is timely satisfied. A Stock certificate shall be issued (subject to the conditions, if any, described in this Section 8(c)) to, or for the benefit of, the Grantee with respect to the number of shares for which a grant
has become effective as soon as practicable after the date the grant becomes effective. 
 (d) Dividends and Voting Rights. Each
Restricted Stock Agreement shall state whether the Grantee shall have a right to receive any cash dividends which are paid with respect to his or her Restricted Stock after the date his or her Restricted Stock grant has become effective and before
the first day that the Grantee’s interest in such stock is forfeited completely or becomes completely nonforfeitable. If a Restricted Stock Agreement provides that a Grantee has no right to receive a cash dividend when paid, such agreement
shall set forth the conditions, if any, under which the Grantee will be eligible to receive one, or more than one, payment in the future to compensate the Grantee for the fact that he or she had no right to receive any cash dividends on his or her
Restricted Stock when such dividends were paid. If a Restricted Stock Agreement calls for any such payments to be made, the Company 

 
shall make such payments from the Company’s general assets, and the Grantee shall be no more than a general and unsecured creditor of the Company with
respect to such payments. If a stock dividend is declared on such a Share after the grant is effective but before the Grantee’s interest in such Stock has been forfeited or has become nonforfeitable, such stock dividend shall be treated as part
of the grant of the related Restricted Stock, and a Grantee’s interest in such stock dividend shall be forfeited or shall become nonforfeitable at the same time as the Share with respect to which the stock dividend was paid is forfeited or
becomes nonforfeitable. If a dividend is paid other than in cash or stock, the disposition of such dividend shall be made in accordance with such rules as the Administrator shall adopt with respect to each such dividend. A Grantee shall have the
right to vote the Shares related to his or her Restricted Stock grant after the grant is effective with respect to such Shares but before his or her interest in such Shares has been forfeited or has become nonforfeitable. 
 (e) Satisfaction of Forfeiture Conditions. A Share shall cease to be Restricted Stock at such time as a Grantee’s interest in such Share
becomes nonforfeitable under the Plan, and the certificate representing such share shall be reissued as soon as practicable thereafter without any further restrictions related to Section 8(b) or Section 8(c) and shall be transferred to the
Grantee. 
 9. Performance Units and Performance Shares. 
 (a) Grant of Performance Units and Performance Shares. Subject to the terms of the Plan, the Administrator may grant Performance Units or Performance Shares to any Employee or Consultant in such amounts and
upon such terms as the Administrator shall determine. 
 (b) Value/Performance Goals. Each Performance Unit shall have an initial
value that is established by the Administrator on the Date of Grant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the Date of Grant. The Administrator shall set performance goals that, depending
upon the extent to which they are met, will determine the number or value of Performance Units or Performance Shares that will be paid to the Grantee. 
 (c) Payment of Performance Units and Performance Shares. 
 (i) Subject to the terms of the Plan,
after the applicable Performance Period has ended, the holder of Performance Units or Performance Shares shall be entitled to receive a payment based on the number and value of Performance Units or Performance Shares earned by the Grantee over the
Performance Period, determined as a function of the extent to which the corresponding performance goals have been achieved. 
 (ii) If a
Grantee is promoted, demoted or transferred to a different business unit of the Company during a Performance Period, then, to the extent the Administrator determines appropriate, the Administrator may adjust, change or eliminate the performance
goals or the applicable Performance Period as it deems appropriate in order to make them appropriate and comparable to the initial performance goals or Performance Period. 

 (d) Form and Timing of Payment of Performance Units and Performance Shares. Payment of earned
Performance Units or Performance Shares shall be made in a lump sum following the close of the applicable Performance Period. The Administrator may pay earned Performance Units or Performance Shares in cash or in Shares (or in a combination thereof)
that have an aggregate Fair Market Value equal to the value of the earned Performance Units or Performance Shares at the close of the applicable Performance Period. Such Shares may be granted subject to any restrictions deemed appropriate by the
Administrator. The form of payout of such Awards shall be set forth in the Award Agreement pertaining to the grant of the Award. 
 10.
Tax Withholding. The Company shall deduct from all cash distributions under the Plan any taxes required to be withheld by federal, state, local or foreign government. Whenever the Company proposes or is required to issue or transfer Shares
under the Plan, the Company shall have the right to require the recipient to remit to the Company an amount sufficient to satisfy any federal, state, local and foreign withholding tax requirements prior to the delivery of any certificate or
certificates for such shares. A Grantee may pay the withholding tax in cash, or, if the applicable Award Agreement provides, a Grantee may elect to have the number of Shares he is to receive reduced by the smallest number of whole Shares that, when
multiplied by the Fair Market Value of the Shares determined as of the Tax Date (defined below), is sufficient to satisfy federal, state, local and foreign, if any, withholding taxes arising from exercise or payment of a grant under the Plan (a
“Withholding Election”). A Grantee may make a Withholding Election only if the Withholding Election is made on or prior to the date on which the amount of tax required to be withheld is determined (the “Tax Date”) by executing
and delivering to the Company a properly completed notice of Withholding Election as prescribed by the Administrator. The Administrator may in its sole and absolute discretion disapprove and give no effect to the Withholding Election. 
 11. Adjustments Upon Changes in Capitalization or Change of Control. 
 (a) Changes in Capitalization. Subject to any required action by the shareholders of the Company, the number of Covered Shares, and the number of shares of Common Stock which have been authorized for issuance
under the Plan but as to which no Awards have yet been granted or which have been returned to the Plan upon cancellation or expiration of an Award, as well as the price per share of Covered Stock, shall be proportionately adjusted for any increase
or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Common Stock, or any other increase or decrease in the number of issued shares of
Common Stock effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Such
adjustment shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares
of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Covered Stock. 
 (b) Change in Control. In the event of a Change in Control, then the following provisions shall apply: 

 (i) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the
Company, to the extent that an Award is outstanding, it will terminate immediately prior to the consummation of such proposed action. The Board may, in the exercise of its sole and absolute discretion in such instances, declare that any Option or
SAR shall terminate as of a date fixed by the Board and give each Grantee the right to exercise his or her Option or SAR as to all or any part of the Covered Stock, including Shares as to which the Option or SAR would not otherwise be exercisable.

 (ii) Merger or Asset Sale. Except as otherwise determined by the Board, in its sole and absolute discretion, prior to the
occurrence of a merger of the Company with or into another corporation, or the sale of substantially all of the assets of the Company, in the event of such a merger or sale each outstanding Option or SAR shall be assumed or an equivalent option or
right shall be substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor corporation or a Parent or Subsidiary of the successor corporation does not agree to assume the Option or
SAR or to substitute an equivalent option or right, the Board may, in the exercise of its sole and absolute discretion and in lieu of such assumption or substitution, provide for the Grantee to have the right to exercise the Option or SAR as to all
or a portion of the Covered Stock, including Shares as to which it would not otherwise be exercisable. If the Board makes an Option or SAR exercisable in lieu of assumption or substitution in the event of a merger or sale of assets, the
Administrator shall notify the Grantee that the Option or SAR shall be fully exercisable for a period of 15 days from the date of such notice, and the Option or SAR will terminate upon the expiration of such period. For the purposes of this
paragraph, the Option or SAR shall be considered assumed if, following the merger or sale of assets, the option or right confers the right to purchase, for each Share of Covered Stock subject to the Option or SAR immediately prior to the merger or
sale of assets, the consideration (whether stock, cash, or other securities or property) received in the merger or sale of assets by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a
choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the merger or sale of assets was not solely common stock of the successor
corporation or its Parent, the Board may, with the consent of the successor corporation and the participant, provide for the consideration to be received upon the exercise of the Option or SAR, for each Share subject to the Option or SAR, to be
solely common stock of the successor corporation or its Parent equal in Fair Market Value to the per Share consideration received by holders of Common Stock in the merger or sale of assets. 
 (iii) Except as otherwise determined by the Board, in its sole and absolute discretion, prior to the occurrence of a Change in Control other than the
dissolution or liquidation of the Company, a merger of the Company with or into another corporation, or the sale of substantially all of the assets of the Company, in the event of such a Change in Control, all outstanding Options and SARs, to the
extent they are exercisable and vested, shall be terminated in exchange for a cash payment equal to the Change in Control Price (reduced by the exercise price applicable to such Options or SARs). These cash proceeds shall be paid to the Grantee or,
in the event of death of a Grantee prior to payment, to the estate of the Grantee or to a person who acquired the right to exercise the Option or SAR by bequest or inheritance. 

 12. Term of Plan. The Plan shall become effective upon its approval by the shareholders of the
Company within 12 months after the earlier of the date of its adoption by the Board or the date of its approval by the shareholders. Such shareholder approval shall be obtained in the manner and to the degree required under applicable federal and
state law. The Plan shall continue in effect until the tenth anniversary of adoption of the Plan by the Board, unless terminated earlier under Section 13 of the Plan. 
 13. Amendment and Termination of the Plan. 
 (a) Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the Plan. 
 (b) Shareholder
Approval. The Company shall obtain shareholder approval of any Plan amendment to the extent necessary and desirable to comply with Rule 16b-3 or with Section 422 of the Code (or any successor rule or statute or other applicable law, rule or
regulation, including the requirements of any exchange or quotation system on which the Common Stock is listed or quoted). Such shareholder approval, if required, shall be obtained in such a manner and to such a degree as is required by the
applicable law, rule or regulation. 
 (c) Effect of Amendment or Termination. No amendment, alteration, suspension or termination of
the Plan shall impair the rights of any Grantee, unless mutually agreed otherwise between the Grantee and the Administrator, which agreement must be in writing and signed by the Grantee and the Company. 
 14. Conditions Upon Issuance of Shares. 
 (a) Legal Compliance. Shares shall not be issued pursuant to an Award unless the exercise, if applicable, of such Award and the issuance and delivery of such Shares shall comply with all relevant provisions of law, including, without
limitation, the Securities Act of 1933, as amended, the Exchange Act, the rules and regulations promulgated thereunder, Applicable Law, and the requirements of any stock exchange or quotation system upon which the Shares may then be listed or
quoted, and shall be further subject to the approval of counsel for the Company with respect to such compliance. 
 (b) Investment
Representations. As a condition to the exercise of an Award, the Company may require the person exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without
any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required. 

 15. Liability of Company. 
 (a) Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority
is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority
shall not have been obtained. 
 (b) Grants Exceeding Allotted Shares. If the Covered Stock covered by an Award exceeds, as of the
date of grant, the number of Shares that may be issued under the Plan without additional shareholder approval, such Award shall be void with respect to such excess Covered Stock, unless shareholder approval of an amendment sufficiently increasing
the number of Shares subject to the Plan is timely obtained in accordance with Section 13 of the Plan. 
 16. Reservation of
Shares. The Company, during the term of the Plan, will at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 
 17. Rights of Employees and Consultants. Neither the Plan nor any Award shall confer upon a Grantee any right with respect to continuing the
Grantee’s employment or consulting relationship with the Company, nor shall they interfere in any way with the Grantee’s right or the Company’s right to terminate such employment or consulting relationship at any time, with or without
cause. 
 18. Sub-plans for Foreign Subsidiaries. The Board may adopt sub-plans applicable to particular foreign Subsidiaries. All
Awards granted under such sub-plans shall be treated as grants under the Plan. The rules of such sub-plans may take precedence over other provisions of the Plan, with the exception of Section 3, but unless otherwise superseded by the terms of
such sub-plan, the provisions of the Plan shall govern the operation of such sub-plan. 
 19. Construction. The Plan shall be
construed under the laws of the State of Delaware, to the extent not preempted by federal law, without reference to the principles of conflict of laws.Limited Waiver and Third Amendment to Third Amended and Restated Credit Agreemen

 Exhibit 10.19 
 LIMITED WAIVER AND THIRD AMENDMENT TO THIRD AMENDED 
 AND RESTATED CREDIT AGREEMENT 

This LIMITED WAIVER AND THIRD AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT, dated as of January 24, 2007 (this
“Amendment”), is by and among SWITCH & DATA HOLDINGS, INC., a Delaware corporation (the “Borrower”), the financial institutions from time to time party to the Credit Agreement referred to below as
Lenders, DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent (hereinafter, in such capacity, the “Administrative Agent”) for itself and the Lenders, CANADIAN IMPERIAL BANK OF COMMERCE and ROYAL BANK OF
CANADA, as co-documentation agents (the “Co-Documentation Agents”), and CIT LENDING SERVICES CORPORATION and BNP PARIBAS, as co-syndication agents (the “Co-Syndication Agents”), amending certain
provisions of the Third Amended and Restated Credit Agreement, dated as of October 13, 2005 (as amended, restated, supplemented or otherwise modified and in effect from time to time, the “Credit Agreement”), among the Borrower, the
financial institutions party thereto from time to time as lenders (each individually a “Lender” and, collectively, the “Lenders”), the Administrative Agent, the Co-Syndication Agents and the Co-Documentation Agents.
Terms used but not defined herein shall have the meanings ascribed to such terms in the Credit Agreement. 
 RECITALS 
 WHEREAS, Parent has made, or will be making, a public offering of the equity interests of Parent pursuant to an effective registration statement
under the Securities Act of 1933 and, pursuant to such public offering, is in receipt of, or anticipates being in receipt of, Net Proceeds in an amount equal to $122,550,000 (the “Equity Issuance Net Proceeds Amount”); 

WHEREAS, Borrower desires to apply up to $46,950,000 of such Equity Issuance Net Proceeds Amount (“Prepayment of Second Lien Debt
Amount”) to (i) the prepayment of all of the “Term Loan” outstanding under the Second Lien Credit Agreement in an amount equal to $45,000,000, (ii) the payment of the prepayment premium due under Section 2.4.C of
the Second Lien Credit Agreement in an amount equal to $450,000 and (iii) the payment of all accrued and unpaid interest and fees due to the Second Lien Administrative Agent and the Lenders under the Second Lien Credit Agreement in an amount
not to exceed $1,500,000 in the aggregate and, concurrently with the application of such Prepayment of Second Lien Debt Amount as provided herein, to terminate the Second Lien Credit Agreement; 
 WHEREAS, pursuant to Section 2.7 of the Intercreditor Agreement, Borrower may make a mandatory prepayment of the “Term Loan” (as
defined in the Second Lien Credit Agreement) under the Second Lien Credit Agreement from the Net Proceeds of an equity 

 
issuance if the Required Lenders have waived the corresponding mandatory prepayment under the Credit Agreement; 
 WHEREAS, Borrower has requested to make, and the Administrative Agent and the Lenders have agreed, upon the terms and conditions set forth herein,
to grant the Borrower a limited waiver in respect of the mandatory prepayments obligations set forth under Section 2.5 of the Credit Agreement to permit Borrower to make, on a one time basis, a mandatory prepayment under Section 2.4 of the
Second Lien Credit Agreement; 
 WHEREAS, the Administrative Agent and the Lenders are willing to amend the Credit Agreement as
provided herein. 
 NOW THEREFORE, in consideration of the mutual agreements contained in the Credit Agreement and herein and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 §1. Limited Waiver; Lender Consent. 
 (a) Effective as of the date hereof, upon satisfaction of the conditions
precedent set forth in §3 hereof, and in reliance upon the representations and warranties of the Borrower Group set forth in the Credit Agreement and in this Amendment, the Administrative Agent and the Lenders hereby waive the requirement under
Section 2.5(B)(iii)(a) of the Credit Agreement that the Net Proceeds in respect of any equity issuance shall be paid by Borrower to the Administrative Agent for the account of the Lenders for application to the Loans, provided that,
(i) the foregoing limited waiver shall only apply to the Prepayment of Second Lien Debt Amount, (ii) such Prepayment of Second Lien Debt Amount shall be applied to the prepayment of the term loan and all other obligations outstanding under
the Second Lien Credit Agreement on or before February 28, 2007, and (iii) the Second Lien Credit Agreement shall be terminated upon the application by the Second Lien Administrative Agent of the Second Lien Debt Amount to the obligations
outstanding under the Second Lien Credit Agreement, and provided further that any Prepayment of Second Lien Debt Amount not applied as set forth hereinabove and any remaining Equity Issuance Net Proceeds Amount shall be applied as set forth in
Section 2.5(B)(iii)(a) of the Credit Agreement. The foregoing is a limited waiver and the execution and delivery of this Amendment does not (a) constitute a waiver by the Administrative Agent or any Lender of any other term or condition
under Credit Agreement or any other Loan Document, and of any right, power or remedy of the Administrative Agent or any Lender under any of the Loan Documents (all such rights, powers and remedies being expressly reserved), (b) establish a
custom or a course of dealing or conduct among the Administrative Agent, any Lender, any member of the Borrower Group and the Borrower, or (c) prejudice any rights which any Lender or the Administrative Agent now has or may have in the future
under or in connection with the Loan Documents. 
 (b) The Lenders hereby further authorize the Administrative Agent, on behalf of and for
the benefit of the Lenders, to enter into or consent to any amendment, modification, termination or waiver of any provision of the Intercreditor Agreement necessary or desirable 

 
in the reasonable opinion of the Administrative Agent to prepay the term loan and all other outstanding obligations under the Second Lien Credit Agreement as
set forth paragraph (a) above without any further written authorization or consent from the Lenders. 
 §2. Amendment
to Section 5.1 of the Credit Agreement. Upon the payment in full of the obligations under the Second Lien Credit Agreement and termination of the Second Lien Credit Agreement and all other Second Lien Collateral Documents as
provided in Section 1 above, Section 5.1 of the Credit Agreement shall be amended by deleting in its entirety paragraph (i) (“Monthly Financials”) therein and substituting therefor “[Intentionally Omitted]”. 

§3. Conditions Precedent. This Amendment shall become effective upon the satisfaction of each of the following conditions
precedent: 
 (a) Each of the Borrower, the Lenders and the Administrative Agent shall have duly executed and delivered a counterpart
signature page to this Amendment to the Administrative Agent; 
 (b) Each of the Guarantors shall have duly executed and delivered a
counterpart signature page to the Ratification of Guaranty attached to this Amendment to the Administrative Agent; 
 (c) The Borrower shall
pay in cash to the Administrative Agent, for the pro rata accounts of the Lenders executing and delivering a signature page to this Amendment, an amendment fee in an amount equal to five one-hundredths of one percent (0.05%) of the Commitments of
such Lenders; and 
 (d) The Borrower shall have paid all unpaid fees and expenses of the Administrative Agent’s counsel, Bingham
McCutchen LLP, to the extent that copies of invoices for such fees and expenses have been delivered to the Borrower. 
 §4.
Representations and Warranties. The Borrower hereby represents and warrants to the Administrative Agent and the Lenders as follows: 
 (a) Representations and Warranties. The representations and warranties of the Borrower contained in the Credit Agreement and the other Loan Documents were true and correct in all material respects as of the date when made and
continue to be true and correct in all material respects on the date hereof, except to the extent of changes resulting from transactions or events contemplated by the Credit Agreement and the other Loan Documents or to the extent that such
representations and warranties relate expressly to an earlier date. 
 (b) Ratification, Etc. Except as expressly amended
hereby, the Credit Agreement and the other Loan Documents, and all documents, instruments and agreements related thereto, are hereby ratified and confirmed in all respects and shall continue in full force and effect. The Credit Agreement shall,
together with this Amendment, be read and construed as a single agreement. All references to the Credit Agreement in the Credit Agreement, the 

 
Loan Documents or any related agreement or instrument shall hereafter refer to the Credit Agreement as amended hereby. 
 (c) Authority, Etc. The execution and delivery by the Borrower of this Amendment and the performance by the Borrower of all of its agreements and
obligations under the Credit Agreement as amended hereby and the other Loan Documents are within the corporate authority of the Borrower and have been duly authorized by all necessary corporate action on the part of the Borrower. 
 (d) Enforceability of Obligations. This Amendment, the Credit Agreement as amended hereby and the other Loan Documents constitute the legal, valid
and binding obligations of the Borrower enforceable against the Borrower in accordance with their terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the
enforcement of, creditors’ rights and except to the extent that availability of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought. 

(e) No Default. No Potential Event of Default or Event of Default has occurred and is continuing, and no Potential Event of Default or Event of
Default will exist after execution and delivery of this Amendment. 
 §5. Ratification of Existing Agreements. The
Borrower agrees that the Obligations are, except as otherwise expressly modified in this Amendment upon the terms set forth herein, ratified and confirmed in all respects. In addition, by the execution of this Amendment, the Borrower represents and
warrants that no counterclaim, right of set-off or defense of any kind exists or is outstanding with respect to such Obligations. 
 §6. No Other Amendments. Except as expressly provided in this Amendment, all of the terms and conditions of the Credit Agreement and the other Loan Documents remain in full force and effect. Nothing contained in this
Amendment shall (a) be construed to imply a willingness on the part of the Administrative Agent or the Lenders to grant any similar or other future amendment of any of the terms and conditions of the Credit Agreement or the other Loan Documents
or (b) in any way prejudice, impair or effect any rights or remedies of the Administrative Agent or the Lenders under the Credit Agreement or the other Loan Documents. 
 §7. Release. In order to induce the Administrative Agent and the Lenders to enter into this Amendment, the Borrower acknowledges
and agrees that: (i) the Borrower does not have any claim or cause of action against the Administrative Agent or any Lender (or any of their respective directors, officers, employees or agent); (ii) the Borrower does not have any offset
right, counterclaim, right of recoupment or any defense of any kind against the Borrower’s obligations, indebtedness or liabilities to the Administrative Agent or any Lender; and (iii) each of the Administrative Agent and the Lenders has
heretofore properly performed and satisfied in a timely manner all of its obligations to the Borrower. The Borrower wishes to eliminate any possibility that any past conditions, acts, omissions, events, circumstances or matters would impair or
otherwise adversely affect any of the Administrative Agent’s and the Lenders’ rights, interests, contracts, collateral security or remedies. Therefore, the Borrower unconditionally 

 
releases, waives and forever discharges (A) any and all liabilities, obligations, duties, promises or indebtedness of any kind of the Administrative
Agent or any Lender to the Borrower, except the obligations to be performed by the Administrative Agent or any Lender on or after the date hereof as expressly stated in this Amendment, the Credit Agreement and the other Loan Documents, and
(B) all claims, offsets, causes of action, right of recoupment, suits or defenses of any kind whatsoever (if any), whether arising at law or in equity, whether known or unknown, which the Borrower might otherwise have against the Administrative
Agent, any Lender or any of their respective directors, officers, employees or agents, in either case (A) or (B), on account of any past or presently existing condition, act, omission, event, contract, liability, obligation, indebtedness,
claim, cause of action, defense, circumstance or matter of any kind. 
 §8. Execution in Counterparts. This Amendment may
be executed in any number of counterparts, each of which shall be deemed an original, but which together shall constitute one instrument. In proving this Amendment, it shall not be necessary to produce or account for more than one such counterpart
signed by the party against whom enforcement is sought. 
 §9. Expenses. Pursuant to §9.2 of the Credit Agreement,
all costs and expenses incurred or sustained by the Administrative Agent in connection with this Amendment, including the fees and disbursements of legal counsel for the Administrative Agent in producing, reproducing and negotiating the Amendment,
will be for the account of the Borrower whether or not the transactions contemplated by this Amendment are consummated. 
 §10.
Governing Law; Entire Agreement. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CHOICE OF LAWS AND CONFLICTS OF LAWS PRINCIPLES (OTHER
THAN SECTION 5-1401 AND SECTION 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). The captions in this Amendment are for convenience of reference only and shall not define or limit the provisions hereof. This Amendment shall be a
“Loan Document” under and as defined in the Credit Agreement. 
 §11. Consent to Jurisdiction and Service of
Process. All judicial proceedings brought against any party hereto arising out of or relating to this Amendment or any other Loan Document, or any obligations thereunder, may be brought in any state or federal court of competent jurisdiction
in the State, County and City of New York. By executing and delivering this Amendment, each party irrevocably: 
 (i) accepts
generally and unconditionally the nonexclusive jurisdiction and venue of such courts; 
 (ii) waives any defense of forum non
conveniens; 
 (iii) agrees that service of all process in any such proceeding in any such court may be made by registered or
certified mail, return receipt requested, to its address provided in accordance with Section 9.8 of the Credit Agreement or an Assignment Agreement; 
 (iv) with respect to the Borrower, agrees that service as provided in clause (iii) above is sufficient to confer personal
jurisdiction over the Borrower in any such 

 
proceeding in any such court, and otherwise constitutes effective and binding service in every respect; 
 (v) with respect to the Borrower, agrees that Lenders retain the right to serve process in any other manner permitted by law or to bring
proceedings against the Borrower in the courts of any other jurisdiction; and 
 (vi) agrees that the provisions of this
Section 10 relating to jurisdiction and venue shall be binding and enforceable to the fullest extent permissible under New York General Obligations Law Section 5-1402 or otherwise. 
 §12. Waiver of Jury Trial. EACH OF THE PARTIES TO THIS AMENDMENT HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY
CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AMENDMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING
ESTABLISHED. The scope of this waiver is intended to be all-encompassing of any and all disputes that may be filed in any court and that relate to the subject matter of this transaction, including contract claims, tort claims, breach of duty claims
and all other common law and statutory claims. Each party hereto acknowledges that this waiver is a material inducement to enter into a business relationship, that each has already relied on this waiver in entering into this Amendment, and that each
will continue to rely on this waiver in their related future dealings. Each party hereto further warrants and represents that it has reviewed this waiver with its legal counsel and that it knowingly and voluntarily waives its jury trial rights
following consultation with legal counsel. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 12 AND EXECUTED BY EACH OF
THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AMENDMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE UNDER THE
CREDIT AGREEMENT. In the event of litigation, this Amendment may be filed as a written consent to a trial by the court. 
 [THE REMAINDER
OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as a document under seal as of
the date first above written. 
  

					
	 Borrower:
  
 SWITCH & DATA HOLDINGS, INC.

		
	By: 	 	    /s/ George A. Pollock, Jr.
		 	 Name:
	 	George A. Pollock, Jr.
		 	 Title:
	 	

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

					
	 Administrative Agent and Lender:
  
 DEUTSCHE BANK AG NEW YORK BRANCH

		
	By: 	 	    /s/ Anca Trifan
		 	 Name:
	 	Anca Trifan
		 	 Title:
	 	Director
		
	By:	 	    /s/ Seottye Lindsey
		 	 Name:
	 	Seottye Lindsey
		 	 Title:
	 	Director

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

					
	 Co-Syndication Agent and Lender:
  
 CIT LENDING SERVICES CORPORATION

		
	By: 	 	    /s/ Joseph Junda
		 	 Name:
	 	Joseph Junda
		 	 Title: Vice President

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

					
	 Co-Syndication Agent and Lender:
  
 BNP PARIBAS

		
	By: 	 	    /s/ Ola Anderssen
		 	 Name: Ola Anderssen

		 	 Title: Director

		
	By:	 	    /s/ Gregg Bonardi
		 	 Name: Gregg Bonardi

		 	 Title:
	 	Director

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

					
	 Co-Documentation Agent and Lender:
  
 CANADIAN IMPERIAL BANK OF COMMERCE

		
	By: 	 	    /s/ George Knight
		 	 Name: George Knight

		 	 Title: Authorized Signatory

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

					
	 Co-Documentation Agent and Lender:
  
 ROYAL BANK OF CANADA

		
	By: 	 	    /s/ Mark Narbey
		 	 Name: Mark Narbey

		 	 Title: Authorized Signatory

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

					
	 Lenders:
  
 FriedbergMilstein Private Capital Fund I

		
	By: 	 	    /s/ Eric Green
		 	 Name: Eric Green

		 	 Title: Senior Partner

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

					
	 Lenders:
  
 FriedbergMilstein Leveraged Capital Fund I

		
	By: 	 	    /s/ Eric Green
		 	 Name: Eric Green

		 	 Title: Senior Partner

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

					
	 Lenders:
  
 GSCP (NJ), L.P., on behalf of each of the following funds, in its capacity as Collateral Manager:
  
 GSC PARTNERS CDO FUND II, LIMITED
 GSC PARTNERS CDO FUND III, LIMITED
 GSC PARTNERS CDO FUND IV,
LIMITED
 GSC PARTNERS CDO FUND VII, LIMITED

		
	By: 	 	    /s/ Seth Katzenstein
		 	 Name: Seth Katzenstein

		 	 Title: Managing Director

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

											
	 Lenders:
  
 TRS THEBE LLC

			
		 	By:	 	Deutsche Bank Trust Company Americas, its sole member
				
		 		 	By:	 	DB Services New Jersey, Inc.
		 		 		 		 		 	
					
		 		 		 	By:	 	    /s/ Alice L. Wagner
		 		 		 		 	Name:	 	Alice L. Wagner
		 		 		 		 	Title: Vice President
					
		 		 		 	By:	 	    /s/ Deborah O’Keeffe
		 		 		 		 	Name:	 	Deborah O'Keeffe
		 		 		 		 	Title: Vice President

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

					
	 Lenders:
  
 BABSON CLO LTD. 2003-I
 BABSON CLO LTD. 2004-I
 BABSON CLO LTD. 2004-II
 BABSON CLO LTD. 2005-I
 BABSON CLO LTD. 2005-II
 BABSON CLO LTD. 2005-III
 BABSON CLO LTD. 2006-I

		
	By: 	 	 Babson Capital Management LLC,
 as Collateral
Manager

		
	By:	 	    /s/ Kent Collier
		 	 Name:
	 	Kent Collier
		 	 Title: Associate Director

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

					
	 Lenders:
  
 AMEGY BANK NATIONAL ASSOCIATION

		
	By: 	 	 /s/ David C. Moriniere

		 	 Name:
	 	David C. Moriniere
		 	 Title: Vice President

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

					
	 Lenders:
  
 OSP FUNDING LLC

		
	By:	 	    /s/ Anna M. Tallent
		 	 Name:
	 	Anna M. Tallent
		 	 Title: Assistant Vice President

 ***Signature Page to Limited Waiver and Third Amendment to Third Amended and Restated Credit
Agreement*** 

 RATIFICATION OF GUARANTY 
 Each of the undersigned Guarantors hereby (a) acknowledges and consents to the foregoing Amendment and the Borrower’s execution thereof;
(b) ratifies and confirms all of their respective obligations and liabilities under the Loan Documents to which any of them is a party and ratifies and confirms that such obligations and liabilities extend to and continue in effect with respect
to, and continue to guarantee and secure, as applicable, the Obligations of the Borrower under the Credit Agreement; (c) acknowledge and confirm that the liens and security interests granted pursuant to the Loan Documents are and continue to be
valid and perfected first priority liens and security interests (subject only to Permitted Liens) that secure all of the Obligations on and after the date hereof; (d) acknowledges and agrees that such Guarantor does not have any claim or cause
of action against the Administrative Agent or any Lender (or any of its respective directors, officers, employees or agents); and (e) acknowledges, affirms and agrees that such Guarantor does not have any defense, claim, cause of action,
counterclaim, offset or right of recoupment of any kind or nature against any of their respective obligations, indebtedness or liabilities to the Administrative Agent or any Lender. 
  

					
	 Guarantors:
  
 SWITCH & DATA FACILITIES COMPANY, INC.

		
	By:	 	    /s/ George A. Pollock, Jr.
	 George A. Pollock, Jr.
 Treasurer

	
	 SWITCH AND DATA ENTERPRISES, INC.
 SWITCH AND DATA MANAGEMENT COMPANY LLC
 SWITCH AND DATA OPERATING COMPANY LLC
 SWITCH & DATA FACILITIES COMPANY LLC
 SWITCH AND DATA
COMMUNICATIONS LLC
 SWITCH AND DATA FL SEVEN LLC
 SWITCH AND DATA IL FIVE LLC
 SDOC ACQUISITION, INC. (formerly known as Telx Acquisition, Inc.)
 SWITCH AND DATA, INC.

		
	By:	 	    /s/ George A. Pollock, Jr.
	 George A. Pollock, Jr.
 Treasurer

					
	 Guarantors:
  
 SWITCH AND DATA CA NINE LLC
 SWITCH AND DATA GA THREE
LLC
 SWITCH AND DATA IL FOUR LLC
 SWITCH AND DATA
NY FOUR LLC
 SWITCH AND DATA NY FIVE LLC
 SWITCH
& DATA/NY FACILITIES COMPANY LLC
 SWITCH AND DATA PA THREE LLC
 SWITCH AND DATA PA FOUR LLC
 SWITCH AND DATA DALLAS HOLDINGS I LLC
 SWITCH AND DATA DALLAS HOLDINGS II LLC
 SWITCH AND DATA VA FOUR
LLC
 SWITCH AND DATA WA THREE LLC

		
	By:	 	Switch and Data Operating Company LLC, as Manager
		
	By:	 	    /s/ George A. Pollock, Jr.
	 George A. Pollock, Jr.
 Treasurer

					
	 Guarantors:
  
 SWITCH & DATA AZ ONE LLC
 SWITCH & DATA CA ONE
LLC
 SWITCH & DATA CA TWO LLC
 SWITCH &
DATA CO ONE LLC
 SWITCH & DATA FL ONE LLC
 SWITCH & DATA FL TWO LLC
 SWITCH & DATA FL FOUR LLC
 SWITCH & DATA GA ONE LLC
 SWITCH & DATA IL ONE LLC
 SWITCH & DATA IN ONE LLC
 SWITCH & DATA LA ONE
LLC
 SWITCH & DATA MA ONE LLC
 SWITCH &
DATA MI ONE LLC
 SWITCH & DATA MO ONE LLC
 SWITCH & DATA MO TWO LLC
 SWITCH & DATA NY ONE LLC
 SWITCH & DATA OH ONE LLC
 SWITCH & DATA PA TWO LLC
 SWITCH & DATA TN TWO LLC
 SWITCH & DATA TX ONE
LLC
 SWITCH & DATA VA ONE LLC
 SWITCH &
DATA VA TWO LLC
 SWITCH & DATA WA ONE LLC

		
	By:	 	Switch & Data Facilities Company LLC, as Manager
		
	By: 	 	    /s/ George A. Pollock, Jr.
	 George A. Pollock, Jr.
 Treasurer

	
	SWITCH AND DATA TX FIVE LP
		
	By: 	 	Switch and Data Dallas Holdings I LLC, as General Partner
		
	By:	 	Switch and Data Operating Company LLC, as Manager
		
	By:	 	    /s/ George A. Pollock, Jr.
	 George A. Pollock, Jr.
 Treasurer

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