Document:

Letter of Approval & Consent, dated January 15, 2009

 Exhibit 10.30 
 [ON THE LETTERHEAD OF CIT CAPITAL FINANCE (UK) LIMITED] 
 LETTER OF
APPROVAL & CONSENT 
  

			
	To:	 	Equinix Group Limited (formerly IXEurope Plc)
		 	51-53 Great Marlborough Street
		 	London
		 	W1F 7JT
		
	FAO:	 	James Marchbank

 14 January 2009 
 Dear sirs 
 £82,000,000 facilities agreement dated 29 June 2007 between, amongst others (1) Equinix Group
Limited (formerly known as IXEurope Plc) (the “Company”) (as an original borrower), (2) CIT Bank Limited and (3) CIT Capital Finance (UK) Limited (the “Administrative Agent”) (as administrative agent and security
trustee) (as amended by amendment letters dated 31 August 2007 and 26 October 2007 and from time to time) (the “Facilities Agreement”) 
 We refer to the Facilities Agreement. Terms defined in the Facilities Agreement shall have the same meaning where used in this letter, unless otherwise defined in this letter. In this letter, “Effective Date” shall mean
31 December 2008. 
  

	1.	The Company has requested that: 

  

	 	(a)	the Administrative Agent agrees to the appointment of Eric Schwartz as the “President, Europe” of the Group as of 1 June 2008 in replacement of Guy Willner (CEO) and
Christophe de Buchet (COO) and to amend the definition of “Management Change” accordingly; 

  

	 	(b)	the Administrative Agent agrees to allow an Original Borrower to reimburse Equinix Operating Co. Inc for the expenses, including salary, taxes, costs and other associated expenses
reasonably incurred by Equinix Operating Co. Inc. in relation to Mr. Schwartz acting in his capacity as President, Europe during the period from 1 June 2008 to 31 December 2010 (inclusive) (the “Reimbursement
Period”); 

  

	 	(c)	the Administrative Agent agrees to the proposed amendments to the Capital Expenditure financial covenant set out in Clause 21.1.4 (Capital Expenditure) of the Facilities
Agreement to reflect additional expansion projects; and 

	 	(d)	acknowledgement by the Administrative Agent that certain Subsidiaries of Equinix, Inc. are not members of the Borrowing Group and as such their activities are not restricted by the
Facilities Agreement. 

  

	2.	On and from the Effective Date, the Administrative Agent, acting on the instructions of the Majority Lenders, agrees: 

  

	 	(a)	to the appointment of Eric Schwartz as the “President, Europe” of the Group as of 1 June 2008 in replacement of Guy Willner (CEO) and Christophe de Buchet (COO);

  

	 	(b)	that the following new definition be inserted alphabetically in Clause 1.1: 

 ““President, Europe” means, in respect of the Group, the person with the title of “Chief Executive Officer” or “Chief Operating Office” or such other title as may be agreed
between the Administrative Agent and the Company.”; 
  

	 	(c)	that the definition of “Management Change” in Clause 8.5(C) (Exit) be deleted in its entirety and be replaced with: 

 ““Management Change” means the loss to or departure from the Group within any six Month period of both of the current President,
Europe and the Finance Director, Europe, save as replaced by persons within six Months approved in writing by the Administrative Agent or as previously agreed by the Administrative Agent in writing.” 
  

	 	(d)	to permit an Original Borrower to reimburse Equinix Operating Co. Inc for all reasonable expenses incurred by Equinix Operating Co. Inc during the Reimbursement Period in connection
with the remuneration of the President, Europe, including salary, taxes, costs and other associated expenses reasonably incurred by Equinix Operating Co. Inc. in respect of such President, Europe provided that the aggregate of all such
reimbursements made during the Reimbursement Period shall not exceed US$4m; 

  

	 	(e)	that the words “and content” be added to Clause 20.4.2(A) (Budget) after the word “form” in the first line of such Clause 20.4.2(A) (Budget);

  

	 	(f)	that Clause 20.4.3 (Budget) be deleted in its entirety and replaced with: 

 “The Company shall, if it materially changes the projections in such budget, promptly supply to the Administrative Agent in sufficient copies for the Lenders revised projections in form and content reasonably
acceptable to the Administrative Agent together with a description of the material changes.”; 
  

	 	(g)	that Clause 21.1.4 (Capital Expenditure) be deleted in its entirety and replaced with: 

 “Capital Expenditure: The aggregate allowable Capital Expenditure of the Borrowing Group in respect of each financial year of the
Company shall be agreed between the Company and the Administrative Agent not later than 30 days following approval of each Budget delivered pursuant to Clause 20.4.1 (Budget) or each set of revised projections delivered pursuant to Clause
20.4.3 (Budget); 
  

	 	(h)	that, notwithstanding paragraph 2(g) above, for the financial year ending December 2008, the aggregate allowable Capital Expenditure of the Borrowing Group shall not exceed
£65 million (such calculation to be made in accordance with the methodology set out in the “proposed amendments” memo dated 12 December 2008 from James Marchbank to CIT Capital Finance (UK) Limited);

	 	(i)	that the following Clause 23.18 be added in numerical order to the Facilities Agreement: 

  

	 	“23.18	Capital Expenditure 

 Agreement on the aggregate
allowable Capital Expenditure of the Borrowing Group in respect of each financial year of the Company is not reached, pursuant to Clause 21.1.4 (Capital Expenditure), between the Company and the Administrative Agent within 30 days following
approval of each Budget delivered pursuant to Clause 20.4.1 (Budget) or each set of revised projections delivered pursuant to Clause 20.4.3 (Budget).”; and 
  

	 	(j)	that Part II of Schedule 10 be deleted in its entirety, together the “Amendments and Consents”. 

  

	3.	The Administrative Agent, acting on the instructions of all of the Lenders: 

  

	 	(a)	hereby acknowledges that it was previously notified by the Company of the execution of the following leases: 

  

	 	(i)	the lease in respect of the property referred to as “Paris3” by Equinix Paris SAS; and 

  

	 	(ii)	the lease in respect of the property referred to as “London5” by Equinix (London) Limited; and 

  

	 	(b)	hereby confirms that the companies referred to in paragraphs (a)(i) and (a)(ii) (the “Equinix Companies”) above are not members of the Borrowing Group and that,
subject to paragraph below, the activities of the Equinix Companies are not restricted by the Facilities Agreement. 

  

	4.	The Company (on behalf of itself and each other Obligor) acknowledges and agrees that each Obligor shall ensure (and shall procure that each other member of the Group ensures) that,
notwithstanding paragraph above, all transactions, business and other dealings undertaken with the Equinix Companies by any member of the Group shall be undertaken subject to and in accordance with the Facilities Agreement (including, without
limitation, the provisions of Clause 22.14 (Arm’s length basis)). 

  

	5.	The Amendments and Consents are made in accordance with Clause 38 (Amendments and waivers). 

  

	6.	By countersigning this letter you confirm, as the Company and as Obligors’ Agent, that each Obligor confirms on the date of this letter, save as expressly provided for in this
letter that: 

  

	 	(a)	the Facilities Agreement; and 

	 	(b)	its obligations under Clause 18 (Guarantee and Indemnity) of the Facilities Agreement and under any Transaction Security Document, shall remain and continue in full force and
effect. 

  

	7.	The terms of this letter shall take effect on and from the Effective Date. 

  

	8.	This letter may be signed in any number of counterparts, and this has the same effect as if the signatures on each counterpart were on a single copy of this letter.

  

	9.	This letter is hereby designated as a Finance Document. 

  

	10.	A person who is not a party to this letter has no rights under the Contracts (Rights of Third Parties) Act 1999 to enforce or enjoy the benefit of the terms contained in this
letter. 

  

	11.	This letter shall be governed by and construed in accordance with English Law. 

 Kindly acknowledge your acknowledgement of and agreement to the terms of this letter by countersigning this letter below. 
  

	
	 Yours faithfully

	
	
	 /s/ David Jones, Managing Director

	 For and on behalf of

	 CIT Capital Finance (UK) Limited

	 (as Administrative Agent for itself and the Finance Parties)

 We hereby acknowledge, agree to and confirm the terms of this letter 
  

	
	
	 /s/ James Marchbank, Finance Director

	 Signed for and on behalf of

	 Equinix Group Limited

	 (as the Company and as Obligors’ Agent on behalf of each Obligor)

	
	 Dated: 15/01/09Severance Agreement - Stephen Smith

 Exhibit 10.31 
 SEVERANCE AGREEMENT 
 THIS AGREEMENT is entered into as of December 18, 2008 (the
“Effective Date”) by and between Stephen M. Smith (the “Executive”) and EQUINIX, INC., a Delaware corporation (the “Company”). 
 1. Term of Agreement. 
 Except to the extent renewed as set forth in this Section 1, this
Agreement shall terminate the earlier of December 31, 2011 (the “Expiration Date”) or the date the Executive’s employment with the Company terminates for a reason other than a Qualifying Termination as described in
Section 4(d); however, if a definitive agreement relating to a Change in Control has been signed by the Company on or before December 31, 2011, then this Agreement shall remain in effect through the earlier of: 
 (a) The date the Executive’s employment with the Company terminates for a reason other than a Qualifying Termination as described in
Section 4(d) or 
 (b) The date the Company has met all of its obligations under this Agreement following a termination of the
Executive’s employment with the Company for a reason described in Section 4(d). 
 This Agreement shall renew automatically and continue in effect
for three year periods measured from the initial Expiration Date, unless the Company provides Executive notice of non-renewal at least six months prior to the date on which this Agreement would otherwise expire. 
 2. Severance Payment. 
 (a)
Severance Benefit. If the Executive is subject to a Qualifying Termination, then the Company shall pay the Executive 100% of his or her annual base salary and target bonus (at the annual rate in effect immediately prior to the actions
that resulted in the Qualifying Termination). Such severance benefit shall be paid in accordance with the Company’s standard payroll procedures. In addition, any outstanding stock awards shall vest pro-rata with respect to the current
outstanding installment, but as to any stock award that vests based both on time-based vesting and upon satisfaction of performance milestones, only to the extent any applicable performance milestones have been met. For example, if Executive is
subject to a Qualifying Termination six months after the grant of a restricted stock award where the restricted stock award vests as to 25% of its shares solely upon completion of one year of service after its grant, then Executive would vest in
12.5% of such restricted stock award. Finally, Executive shall be paid any unpaid bonus for the prior fiscal year provided he has met the goals for payment of such bonus. The Executive will receive his or her severance payment in a cash lump-sum
which will be made within ten (10) business days of the latest of the following dates: 
  

	 	(i)	the date of Executive’s Qualifying Termination; 

	 	(ii)	the date of the Company’s receipt of the Executive’s executed General Release; and 

  

	 	(iii)	the expiration of any rescission period applicable to the Executive’s executed General Release. 

 (b) Health Care Benefit. If the Executive is subject to a Qualifying Termination, and if the Executive elects to continue his or her health
insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest of
(i) the close of the twelve-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA. 
 (c) General Release. Any other provision of this Agreement notwithstanding, Subsections (a) and (b) above shall not apply unless
the Executive (i) has executed a general release (in a form prescribed by the Company) of all known and unknown claims that he or she may then have against the Company or persons affiliated with the Company and (ii) has agreed not to
prosecute any legal action or other proceeding based upon any of such claims. The release must be in the form prescribed by the Company, without alterations. The Company will deliver the form to the Executive within 30 days after the
Executive’s Separation. The Executive must execute and return the release within 21 days from receipt of the form. 
 (d)
Section 409A. For purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), if the Company determines that Executive is a “specified employee” under
Section 409A(a)(2)(B)(i) of the Code at the time of a Separation, then (i) the severance benefits under Section 2(a), to the extent that they are subject to Section 409A of the Code, will commence during the seventh month after
the Executive’s Separation and (ii) any amounts that otherwise would have been paid during the first six months after a Separation will be paid in a lump sum on the earliest practicable date permitted by Section 409A(a)(2) of the
Code. 
 3. Covenants. 
 (a) Non-Solicitation. During the Executive’s employment with the Company and during the twelve-month period following his or her cessation of employment, the Executive shall not directly or indirectly, personally or
through others, solicit or attempt to solicit the employment of any employee or consultant of the Company or any of the Company’s affiliates, whether on the Executive’s own behalf or on behalf of any other person or entity. The Executive
and the Company agree that this provision is reasonably enforced as to any geographic area in which the Company conducts its business. 
 (b)
Non-Competition. The Executive agrees that, during his or her employment with the Company, he or she shall not engage in any other employment, consulting or other business activity (whether full-time or part-time) that would create a
conflict of interest with the Company. 

 (c) Cooperation and Non-Disparagement. The Executive agrees that, during the twelve-month
period following his or her cessation of employment, he or she shall cooperate with the Company in every reasonable respect and shall use his or her best efforts to assist the Company with the transition of Executive’s duties to his or her
successor; in both cases subject to Executive’s personal and any other professional obligations or employment. The Executive further agrees that, during this twelve-month period, he or she shall not in any way or by any means disparage the
Company, the members of the Company’s Board of Directors or the Company’s officers and employees. The Company agrees that members of the Company’s Board of Directors and its officers will not in any way or by any means disparage
Executive for the same twelve-month period. 
 4. Definitions. 
 (a) Definition of “Cause.” For all purposes under this Agreement, “Cause” shall mean the Executive’s unauthorized use or
disclosure of trade secrets which causes material harm to the Company, the Executive’s conviction of, or a plea of “guilty” or “no contest” to, a felony, or the Executive’s gross misconduct. 
 (b) Definition of “Change in Control.” For all purposes under this Agreement, “Change in Control” shall have the meaning
ascribed to such term in Section 19.4 of the Company’s 2000 Equity Incentive Plan. 
 (c) Definition of “Good
Reason.” For all purposes under this Agreement, “Good Reason” shall mean (i) a material diminution in the Executive’s authority, duties or responsibilities; (ii) a material reduction in his or her level of
compensation (including base salary and target bonus) other than pursuant to a Company-wide reduction of compensation where the reduction affects the other executive officers and Executive’s reduction is substantially equal, on a percentage
basis, to the reduction of the other executive officers; (iii) a relocation of Executive’s place of employment by more than 30 miles, provided and only if such change, reduction or relocation is effected by the Company without
Executive’s consent; or (iv) a material breach of this Agreement or the Executive’s offer letter by the Company or the failure of any successor to the Company to assume this Agreement or the offer letter pursuant to the terms of
Section 5(a) of this Agreement. For the Executive to receive the benefits under this Agreement as a result of a voluntary resignation under this subsection (c), all of the following requirements must be satisfied: (1) the Executive must
provide notice to the Company of his or her intent to assert Good Reason within 120 days of the initial existence of one or more of the conditions set forth in subclauses (i) through (iv); (2) the Company will have 30 days from the date of
such notice to remedy the condition and, if it does so, the Executive may withdraw his or her resignation or may resign with no benefits; and (3) any termination of employment under this provision must occur within eighteen (18) months of
the initial existence of one or more of the conditions set forth in subclauses (i) through (iv). 

 (d) Definition of “Qualifying Termination.” For all purposes under this Agreement,
“Qualifying Termination” shall mean a Separation resulting from: 
  

	 	(i)	The Executive’s voluntary resignation of his or her employment for Good Reason; or 

  

	 	(ii)	The Company’s termination of the Executive’s employment for any reason other than Cause; 

 provided, however, that following a Change in Control the Executive may not voluntarily resign his or her employment for Good Reason for a four (4) month period following such Change in Control. 
 (e) Definition of Separation. For all purposes under this Agreement, “Separation” shall mean a “separation from service,” as
defined in the regulations under Section 409A of the Code. 
 5. Successors. 
 (a) Company’s Successors. The Company shall require any successor (whether direct or indirect and whether by purchase, lease, merger,
consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets, by an agreement in substance and form satisfactory to the Executive, to assume this Agreement and Executive’s offer letter and to
agree expressly to perform this Agreement and Executive’s offer letter in the same manner and to the same extent as the Company would be required to perform it in the absence of a succession. For all purposes under this Agreement, the term
“Company” shall include any successor to the Company’s business and/or assets or which becomes bound by this Agreement by operation of law. 
 (b) Executive’s Successors. This Agreement and all rights of the Executive hereunder shall inure to the benefit of, and be enforceable by, the Executive’s personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees and legatees. 
 6. Golden Parachute Taxes 
 (a) Best After-Tax Result. In the event that any payment or benefit received or to be received by Executive pursuant to this Agreement or
otherwise (“Payments”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code and (ii) but for this subsection (a), be subject to the excise tax imposed by Section 4999 of
the Code, any successor provisions, or any comparable federal, state, local or foreign excise tax (“Excise Tax”), then, subject to the provisions of Section 6(b) hereof, such Payments shall be either (A) provided in full pursuant
to the terms of this Agreement or any other applicable agreement, or (B) provided as to such lesser extent which would result in no portion of such Payments being subject to the Excise Tax (“Reduced Amount”), whichever of the
foregoing amounts, taking into account the applicable federal, state, local and foreign income, employment and other taxes and the Excise Tax (including, without limitation, any interest or penalties on such taxes), results in the receipt by
Executive, on an after-tax basis, of the greatest amount of payments and benefits provided for hereunder or otherwise, 

 
notwithstanding that all or some portion of such Payments may be subject to the Excise Tax. Unless the Company and Executive otherwise agree in writing, any
determination required under this Section shall be made by independent tax counsel designated by the Company and reasonably acceptable to Executive (“Independent Tax Counsel”), whose determination shall be conclusive and binding upon
Executive and the Company for all purposes. For purposes of making the calculations required under this Section, Independent Tax Counsel may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good
faith interpretations concerning the application of Sections 280G and 4999 of the Code; provided that Independent Tax Counsel shall assume that Executive pays all taxes at the highest marginal rate. The Company and Executive shall furnish to
Independent Tax Counsel such information and documents as Independent Tax Counsel may reasonably request in order to make a determination under this Section. The Company shall bear all costs that Independent Tax Counsel may reasonably incur in
connection with any calculations contemplated by this Section. In the event that Section 6(a)(ii)(B) above applies, then based on the information provided to Executive and the Company by Independent Tax Counsel, Executive may, in
Executive’s sole discretion and within 30 days of the date on which Executive is provided with the information prepared by Independent Tax Counsel, determine which and how much of the Payments (including the accelerated vesting of equity
compensation awards) to be otherwise received by Executive shall be eliminated or reduced (as long as after such determination the value (as calculated by Independent Tax Counsel in accordance with the provisions of Sections 280G and 4999 of the
Code) of the amounts payable or distributable to Executive equals the Reduced Amount). If the Internal Revenue Service (the “IRS”) determines that any Payment is subject to the Excise Tax, then Section 6(b) hereof shall apply, and the
enforcement of Section 6(b) shall be the exclusive remedy to the Company. 
 (b) Adjustments. If, notwithstanding any
reduction described in Section 6(a) hereof (or in the absence of any such reduction), the IRS determines that Executive is liable for the Excise Tax as a result of the receipt of one or more Payments, then Executive shall be obligated to
surrender or pay back to the Company, within 120 days after a final IRS determination, an amount of such payments or benefits equal to the “Repayment Amount.” The Repayment Amount with respect to such Payments shall be the smallest such
amount, if any, as shall be required to be surrendered or paid to the Company so that Executive’s net proceeds with respect to such Payments (after taking into account the payment of the Excise Tax imposed on such Payments) shall be maximized.
Notwithstanding the foregoing, the Repayment Amount with respect to such Payments shall be zero if a Repayment Amount of more than zero would not eliminate the Excise Tax imposed on such Payments or if a Repayment Amount of more than zero would not
maximize the net amount received by Executive from the Payments. If the Excise Tax is not eliminated pursuant to this Section 6(b), Executive shall pay the Excise Tax. 
 7. Miscellaneous Provisions. 
 (a) Other Severance Arrangements. This Agreement supersedes any and all cash severance arrangements under any prior separation, severance and salary continuation arrangements, programs and plans which were previously offered
by the Company to the Executive, including severance arrangements pursuant to an employment agreement or offer letter. In no event shall any individual receive cash severance benefits under both this Agreement and any other severance pay or salary
continuation program, plan or other arrangement with the Company. This Agreement provides additional terms for vesting acceleration for stock awards and does not supersede the terms of any vesting acceleration pursuant to a stock award. 

 (b) Notice. Notices and all other communications contemplated by this Agreement shall be in
writing and shall be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid or deposited with Federal Express Corporation, with shipping charges
prepaid. In the case of the Executive, mailed notices shall be addressed to him or her at the home address which he or she most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its
corporate headquarters, and all notices shall be directed to the attention of its Secretary. 
 (c) Waiver. No provision of
this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Executive and by an authorized officer of the Company (other than the Executive). No waiver by either party
of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 
 (d) Withholding Taxes. All payments made under this Agreement shall be subject to reduction to reflect taxes or other charges required to
be withheld by law. 
 (e) Severability. The invalidity or unenforceability of any provision or provisions of this Agreement
shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 
 (f) No
Retention Rights. Nothing in this Agreement shall confer upon the Executive any right to continue in service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company or any
subsidiary of the Company or of the Executive, which rights are hereby expressly reserved by each, to terminate his or her service at any time and for any reason, with or without Cause. 
 (g) Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State
of California (other than their choice-of-law provisions). 

 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its
duly authorized officer, as of the day and year first above written. 
  

			
	 /s/ Stephen M. Smith

	Stephen M. Smith
	
	EQUINIX, INC.
	
	 /s/ Peter Van Camp

	By:	 	 Peter Van Camp

	Title:	 	 Executive Chairman

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