Document:

Secured Term Note

 Exhibit 10.4 
 SECURED TERM NOTE 
 FOR VALUE RECEIVED, STOCKERYALE, INC., a Massachusetts corporation (the
“Borrower”), hereby promises to pay to LAURUS MASTER FUND, LTD., c/o M&C Corporate Services Limited, P.O. Box 309 GT, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands, Fax: 345-949-8080 (the
“Holder”) or its registered assigns or successors in interest, without demand, the sum of Two Million Three Hundred Eighteen Thousand One Hundred Eighty Dollars ($2,318,180) (the “Principal Amount”), together with
any accrued and unpaid interest, on June 30, 2010 (the “Maturity Date”), if not sooner paid. 
 The following terms
shall apply to this Note: 
 ARTICLE I 
 INTEREST 
 1.1 Interest Rate. Interest payable on this Note shall accrue at the annual rate of
Prime Rate plus two percent (2%) (but in no event less than eight percent (8%) per annum) and be payable in arrears commencing one (1) month from the date hereof and on the first business day of each consecutive calendar month
thereafter, and on the Maturity Date, accelerated or otherwise, due and payable as described below (the “Interest Rate”). Interest shall be computed on the basis of actual days elapsed in a year of 360 days. “Prime
Rate” means the “base rate” or “prime rate” published in the Wall Street Journal from time to time. The Prime Rate shall be increased or decreased as the case may be for each increase or decrease in the Prime Rate in an
amount equal to such increase or decrease in the Prime Rate; each change to be effective as of the day of the change in such rate. 
 ARTICLE II 
 PAYMENTS OF PRINCIPAL AND INTEREST 
 2.1 Monthly Payments. Subject to the terms of this Article II, the Borrower shall make monthly payments to the Holder in the principal amount of
$65,000 (the “Monthly Principal Amount”), together with interest accrued to date on such portion of the Principal Amount plus any and all other amounts owing under this Note but not previously paid (the “Monthly Interest
Amount and, together with the Monthly Principal Amount and all other amounts owing under this Note, collectively, the “Monthly Amount”), on July 1, 2007 and on the first business day of each consecutive calendar month
thereafter (each, a “Repayment Date”). 
 2.2 Optional Prepayments. In the event Borrower wishes to prepay all or a
portion of the Principal Amount or any and all other amounts owing under this Note (collectively, the “Obligations”), Borrower shall deliver to the Holder written notice indicating the amount intended to be so prepaid (the
“Prepayment Amount”) and the date on which such prepayment shall be made (the “Prepayment Date”). Such notice shall be delivered to the Holder at least five (5) Business Days’ prior to the Prepayment Date.
On the Prepayment Date, 

 
Borrower shall pay to the Holder the Applicable Percentage (as defined below) of the Prepayment Amount in satisfaction of the Prepayment Amount. All such
prepayments shall be (a) applied to the Obligations in such order as the Holder shall elect and (b) credited (conditional upon final collection) to the Obligations three (3) Business Days after receipt of such amounts by Holder in
good funds in dollars of the United States of America. Any amount received by Holder after 12:00 noon (New York time) on any business day shall be deemed received on the next business day. For purposes of this Section 2.2, the term
“Applicable Percentage” means (i) 115% for the period commencing on the date hereof (the “Closing Date”) and ending on the first anniversary of the Closing Date, (ii) 110% for the period commencing on the
first day following the first anniversary of the Closing Date and ending on the second anniversary of the Closing Date and (iii) 105% for the period commencing on the first day following the second anniversary of the Closing Date and ending on
the day immediately preceding the Maturity Date. 
 ARTICLE III 
 EVENT OF DEFAULT 
 The occurrence of any of the following events is an Event of
Default (“Event of Default”): 
 3.1 Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay any
installment of principal, interest or other fees hereon or in respect of any other promissory note issued pursuant to the Securities Purchase Agreement dated as of the date hereof by and between the Borrower and the Holder (as amended and as may be
further amended, restated, modified and/or supplemented from time to time, the “Purchase Agreement”) when due. 
 3.2
Breach of Covenant. The Borrower breaches any covenant or other term or condition of this Note or the Purchase Agreement in any material respect and such breach, if subject to cure, continues for a period of five (5) business days after
the occurrence thereof. 
 3.3 Breach of Representations and Warranties. Any material representation or warranty of the Borrower made
herein, in the Purchase Agreement, or in any agreement, statement or certificate given in writing pursuant hereto or in connection therewith shall be false or misleading. 
 3.4 Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property
or business; or such a receiver or trustee shall otherwise be appointed. 
 3.5 Judgments. Any money judgment, writ or similar final
process shall be entered or filed against the Borrower or any of its property or other assets for more than $250,000 (to the extent not covered by independent third-party insurance as to which the Holder is a lender’s loss payee and a named
additional insured and the insurer has been notified of such judgment and has not denied coverage), and shall remain unvacated, unbonded or unstayed for a period of ninety (90) days. 
  

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 3.6 Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other
proceedings or relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower. 
 3.7
Stop Trade; Delisting. (a) An SEC (as defined in the Purchase Agreement) stop trade order or Principal Market (as defined in the Purchase Agreement) trading suspension of the Common Stock for five (5) consecutive days or five
(5) days during a period of ten (10) consecutive days, excluding in all cases a suspension of all trading on a Principal Market or (b) Borrower’s Common Stock (as defined in the Purchase Agreement) shall fail to be listed on a
Principal Market or any securities exchange or other securities market (including the Nasdaq OTC Bulletin Board, but excluding the pink and yellow sheets). 
 3.8 Guaranty. (a) Any guarantor of all or any part of the obligations owing under this Note (each, a “Guarantor”) attempts to terminate, challenges the validity of, or its liability under
any guaranty agreement made in favor of the Holder (each, a “Guaranty”), (b) any Guarantor shall default under any Guaranty or any guaranty security agreement made in favor of the Holder (each a “Guaranty Security
Agreement”), which such default is not cured within any applicable cure or grace period or (c) any Guaranty or Guaranty Security Agreement shall cease to be valid, binding and enforceable in accordance with its terms. 
 3.9 Further Encumbrance. The Borrower shall not encumber, mortgage, pledge, assign or grant any lien or security interest in any or all of its
assets to any person or entity other than those liens and security interests set forth on Schedule 3.9 hereof. 
 3.10 Security
Agreement. An Event of Default shall have occurred under and as defined in the Security Agreement dated as of June 10, 2004 between Borrower and Holder, as the same may be amended, modified and supplemented from time to time (the
“2004 Security Agreement”). 
 ARTICLE IV 
 DEFAULT PAYMENT 
 4.1 Default Rate. Upon the occurrence and during the
continuance of an Event of Default, a default interest rate of five percent (5%) per annum above the Interest Rate shall apply to the amounts owed hereunder. 
 4.2 Cumulative Remedies. The remedies under this Note shall be cumulative. 
 ARTICLE V

 MISCELLANEOUS 
 5.1
Failure or Indulgence Not Waiver. No failure or delay on the part of the Holder hereof in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power,
right or privilege preclude other or further exercise thereof or of any other right, power or privilege. All rights and remedies existing hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise available. 
  

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 5.2 Notices. Any notice herein required or permitted to be given shall be in writing and shall be
deemed effectively given: (a) upon personal delivery to the party notified, (b) when sent by confirmed telex or facsimile if sent during normal business hours of the recipient, if not, then on the next business day, (c) five
(5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written
verification of receipt. All communications shall be sent to the Borrower at the address as set forth on the signature page to the Purchase Agreement executed in connection herewith and to the Holder at the address set forth on the signature page to
the Purchase Agreement for such Holder, with a copy to Scott J. Giordano, Esq., Loeb & Loeb LLP, 345 Park Avenue, New York, New York 10154, facsimile number (212) 407-4990, or at such other address as the Borrower or the Holder may
designate by ten days advance written notice to the other parties hereto. 
 5.3 Amendment Provision. The term “Note” and
all reference thereto, as used throughout this instrument, shall mean this instrument as originally executed, or if later amended or supplemented, then as so amended or supplemented. 
 5.4 Assignability. This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to the benefit of the Holder and
its successors and assigns, and may be assigned by the Holder. 
 5.5 Cost of Collection. If default is made in the payment of this
Note, the Borrower shall pay the Holder hereof reasonable costs of collection, including reasonable attorneys’ fees. 
 5.6 Governing
Law. This Note shall be governed by and construed in accordance with the laws of the State of New York, without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions
contemplated by this Agreement shall be brought only in the state courts of New York or in the federal courts located in the state of New York. Both parties and the individual signing this Note on behalf of the Borrower agree to submit to the
jurisdiction of such courts. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event that any provision of this Note is invalid or unenforceable under any applicable statute
or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under
any law shall not affect the validity or unenforceability of any other provision of this Note. 
 5.7 Maximum Payments. Nothing
contained herein shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest required to be paid or other charges hereunder
exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Borrower to the Holder and thus refunded to the Borrower. 
  

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 5.8 Construction. Each party acknowledges that its legal counsel participated in the preparation
of this Note and, therefore, stipulates that the rule of construction that ambiguities are to be resolved against the drafting party shall not be applied in the interpretation of this Note to favor any party against the other. 
 5.9 Management Fee. Simultaneously with the execution of this Note, the Borrower shall pay to Laurus Capital Management, LLC a management fee in
an amount equal to $77,000, which such amount at the Holder’s option may be deducted from funds made available by the Holder to the Borrower hereunder. 
 5.10 Security Interest and Guarantee. The Holder has been granted a security interest in certain assets of the Company under (a) the 2004 Security Agreement, (b) the General Hypothecations of
Movables, dated as of December 30, 2005 and June 28, 2006, respectively, each made by StockerYale Canada, Inc. (“S-Canada”) in favor of the Holder, (c) the Share Pledge Agreement dated as of July 17, 2006 between
Lasiris Holdings, Inc. (“Lasiris”) and the Holder, (d) the Stock Pledge Agreement dated as of June 28, 2006 between the Borrower and the Holder and (e) the General Security Agreement dated as of July 17, 2006
between Lasiris and the Holder. The obligations of the Borrower under this Note are guaranteed by S-Canada and Lasiris pursuant to the Guaranties, dated as of December [30], 2005 and June 28, 2006 each made by S-Canada in favor of the
Holder and the Guarantee dated as of June 28, 2006 made by Lasiris in favor of the Holder, respectively, which such Guaranties have been reaffirmed pursuant to a Reaffirmation and Ratification Agreement dated as of the date hereof made by the
Company, S-Canada and Lasiris in favor of the Holder. 
 5.11 Registered Obligation. This Note is intended to be a registered
obligation within the meaning of Treasury Regulation Section 1.871-14(c)(1)(i) and the Borrower (or its agent) shall register the Note (and thereafter shall maintain such registration) as to both principal and any stated interest.
Notwithstanding any document, instrument or agreement relating to this Note to the contrary, transfer of this Note (or the right to any payments of principal or stated interest thereunder) may only be effected by (a) surrender of this Note and
either the reissuance by the Borrower of this Note to the new holder or the issuance by the Borrower of a new instrument to the new holder, or (b) transfer through a book entry system maintained by the Borrower (or its agent), within the
meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B). 
 [Signature appears on the following page] 
  

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 IN WITNESS WHEREOF, the Borrower has caused this Secured Term Note to be signed in its name
effective as of this 19th day of June, 2007. 
  

							
	STOCKERYALE, INC.	 		 	
				
	By:	 	 /s/ Marianne Molleur
	 		 	
	Name:	 	Marianne Molleur	 		 	
	Title:	 	Senior Vice President and Chief Financial Officer	 		 	

  

			
	WITNESS:	 	
		
	 /s/ Tim Major
	 	

  

 6Fourth Amendment to Third Amended and Restated Credit Agreement

 Exhibit 10.1 
 FOURTH AMENDMENT TO THIRD AMENDED 
 AND RESTATED CREDIT AGREEMENT 
 This FOURTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT, dated as of June 20, 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, the parties hereto have agreed to amend the Credit Agreement as set forth below, 
 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. Amendment
to the Credit Agreement. The Credit Agreement shall be amended by adding the following paragraph to the end of Section 9.6. 
 “If any Lender (a “Non-Consenting Lender”) has failed to consent to a proposed amendment, waiver, discharge or termination, which pursuant to the terms of Section 9.6 requires the
consent of all of the Lenders affected and with respect to which the Required Lenders shall have granted their consent, then provided no Default or Event of Default then exists, the Borrower shall have the right (unless such Non-Consenting Lender
grants such consent), at its own cost and expense, to replace such Non-Consenting Lender by requiring such Non-Consenting Lender to assign its Loans and Commitments to one or more assignees reasonably acceptable to the Administrative Agent,
provided that such Non-Consenting Lender shall have received payment of an amount equal to the outstanding principal of its Loans, its Letter of Credit Obligations, accrued interest thereon, accrued fees and all other Obligations payable to
it hereunder and under the other Loan Documents (including any amounts under Section 2.6) from the assignee (to the extent of such outstanding principal, Letter of Credit Obligations and accrued interest and fees) or the Borrower (in the
case of all other amounts), in each case, concurrently with such assignment. In connection with any such assignment, the Borrower, the Administrative Agent, such Non-Consenting Lender and the replacement Lender shall otherwise comply with
Section 9.1 (except that such Non-Consenting Lender shall not be obligated to pay any processing and recordation fee required pursuant thereto).” 

 §2. Conditions Precedent. This Amendment shall become effective upon the
satisfaction of each of the following conditions precedent: 
 (a) Each of the Borrower, the Required 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; and 
 (c) 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. 
 §3. 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. 
  

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 (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. 
 §4.
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. 
 §5. 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. 
 §6. 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. 
 §7. 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. 
  

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 §8. 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. 
 §9. 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. 
 §10. 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. 
 §11. 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 

  

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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] 
  

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 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/ Keith Olsen

	Name:	 	Keith Olsen
	Title:	 	President

  

			
	 Administrative Agent and Lender:

	
	 DEUTSCHE BANK AG NEW YORK BRANCH

		
	By:	 	 /s/ Anca Trifan

	Name:	 	Anca Trifan
	Title:	 	Director
		
	By:	 	 /s/ Yvonne Tilden

	Name:	 	Yvonne Tilden
	Title:	 	Vice President

  

			
	 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

			
	 Co-Syndication Agent and Lender:

	
	 CIT LENDING SERVICES CORPORATION

		
	 By:
	 	 /s/ Joseph Junda

	 Name:
	 	Joseph Junda
	 Title:
	 	Vice President

			
	 Co-Documentation Agent and Lender:

	
	CANADIAN IMPERIAL BANK OF COMMERCE
		
	By:	 	 /s/ Gerald Girardi

	Name:	 	Gerald Girardi
	Title:	 	Authorized Signatory

  

			
	 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 IV, LIMITED

	GSC PARTNERS CDO FUND VII, LIMITED
		
	 By:
	 	 /s/ Seth Katzenstein

	 Name:
	 	Seth Katzenstein
	 Title:
	 	Authorized Signatory
	
	 GSC Investment Corp.

	 By:
	 	GSCP (NJ), L.P., as Investment Advisor
		
	 By:
	 	 /s/ Seth Katzenstein

	 Name:
	 	Seth Katzenstein
	 Title:
	 	Authorized Signatory

  

							
	 Lenders:
	 		 	
	
	 TRS THEBE LLC

	 By:
	 	Deutsche Bank Trust Company Americas, Its Sole Member
		 	 By:
	 	DB Services New Jersey, Inc.
				
		 		 	By:	 	 /s/ Alice L. Wegner

		 		 	Name:	 	Alice L. Wagner
		 		 	Title:	 	Vice President
				
		 		 	By:	 	 /s/ Angeline Quintana

		 		 	Name:	 	Angeline Quintana
		 		 	Title:	 	Assistant Vice President

  

 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/ Keith Olsen

		 	Keith Olsen
		 	President and Chief Executive Officer
	
	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/ Keith Olsen

		 	Keith Olsen
		 	President

			
	 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/ Keith Olsen

		 	Keith Olsen
		 	President

			
	 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/ Keith Olsen

		 	Keith Olsen
		 	President
	
	 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/ Keith Olsen

		 	Keith Olsen
		 	President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]