Document:

Exhibit 10.1

 

ASSUMPTION AND AFFIRMATION AGREEMENT

 

ASSUMPTION AND AFFIRMATION AGREEMENT, dated as of January 20, 2015 (this “Agreement”) made by each of the signatories hereto.

 

R E C I T A L S

 

1.     Reference is made to the Credit Agreement, dated as of June 27, 2011  (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) among IRON MOUNTAIN INCORPORATED, a Delaware corporation (the “Parent”), IRON MOUNTAIN INFORMATION MANAGEMENT, LLC (f/k/a Iron Mountain Information Management, Inc.), a Delaware limited liability company (the “Company”), each of the other Borrowers party thereto, JPMORGAN CHASE BANK, TORONTO BRANCH, as Canadian Administrative Agent and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), and the other parties thereto.  Unless otherwise defined herein, capitalized terms used herein and not defined herein shall have the meaning ascribed to them in such Credit Agreement.

 

2.     Effective as of 11:59 p.m. Eastern Time on January 20, 2015, Parent will merge with (the “REIT Merger”) and into Iron Mountain REIT, Inc., a Delaware corporation and wholly-owned subsidiary of Parent (“IMI REIT”), with IMI REIT surviving as the Successor Parent (which will be renamed “Iron Mountain Incorporated” simultaneous with or immediately following the REIT Merger).

 

3.     This Agreement is being delivered pursuant to Section 9.12(viii) of the Credit Agreement.

 

ASSUMPTION AND AFFIRMATION

 

4.     Assumption. By executing and delivering this Agreement, IMI REIT hereby agrees to become a party to the Credit Agreement and the other Basic Documents as Parent, Borrower and Obligor thereunder with the same force and effect as if originally named therein as Parent and, without limiting the generality of the foregoing, hereby expressly irrevocably and unconditionally assumes all obligations, liabilities and indebtedness of Parent under the Credit Agreement and the other Basic Documents.

 

5.     Affirmation.  By executing and delivering this Agreement, each of the parties hereto hereby agrees, with respect to each Basic Document to which it is a party:

 

(a)           all of its obligations, liabilities and indebtedness under such Basic Document shall remain in full force and effect on a continuous basis after giving effect to the REIT Merger;

 

(b)           all of the Liens and security interests created and arising under such Basic Document remain in full force and effect on a continuous basis after giving effect to the REIT Merger, as collateral security for its obligations, liabilities and indebtedness under the Credit Agreement and under its guarantees in the Basic Documents; and

 

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

 

 

(d)           no Default has occurred or is continuing at the time of the REIT Merger.

 

4.     THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

5.     This Agreement may be executed by one or more of the parties hereto on any number of separate counterparts (including by telecopy), and all of said counterparts taken together shall be deemed to constitute one and the same instrument.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written

 

 

	
 
    	
IRON   MOUNTAIN INCORPORATED
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
IRON   MOUNTAIN REIT, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN INFORMATION MANAGEMENT, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
IRON   MOUNTAIN HOLDINGS GROUP, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
IRON   MOUNTAIN US HOLDINGS, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
IRON   MOUNTAIN GLOBAL HOLDINGS, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
	
 
    	
 
    	
 
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN GLOBAL LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
IRON   MOUNTAIN FULFILLMENT SERVICES, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
IRON   MOUNTAIN INTELLECTUAL PROPERTY MANAGEMENT, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
IRON   MOUNTAIN SECURE SHREDDING, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
				

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN INFORMATION MANAGEMENT SERVICES, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
IRON   MOUNTAIN CANADA OPERATIONS ULC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
IRON   MOUNTAIN SECURE SHREDDING CANADA, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
IRON   MOUNTAIN INFORMATION MANAGEMENT SERVICES CANADA, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
				

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
MOUNTAIN   RESERVE III, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
NETTLEBED   ACQUISITION CORP.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   John P. Lawrence
    
	
 
    	
 
    	
Name:   John P. Lawrence
    
	
 
    	
 
    	
Title:   Senior Vice President and Treasurer
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN DO BRASIL LTDA.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   Luiz Alves
    
	
 
    	
 
    	
Name:   Luiz Alves
    
	
 
    	
 
    	
Title:   President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
IRON   MOUNTAIN DO BRASIL LTDA.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   Wilson Fernandes
    
	
 
    	
 
    	
Name:   Wilson Fernandes
    
	
 
    	
 
    	
Title:   Chief Financial Officer
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN SWITZERLAND GMBH
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   Christopher LaRochelle
    
	
 
    	
 
    	
Name:   Christopher LaRochelle
    
	
 
    	
 
    	
Title:   Managing Director
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN EUROPE PLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   Roderick Day
    
	
 
    	
 
    	
Name:   Roderick Day
    
	
 
    	
 
    	
Title:   Director
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN HOLDINGS (EUROPE) LIMITED
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   Roderick Day
    
	
 
    	
 
    	
Name:   Roderick Day
    
	
 
    	
 
    	
Title:   Director
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN (UK) LIMITED
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   Patrick Keddy
    
	
 
    	
 
    	
Name:   Patrick Keddy
    
	
 
    	
 
    	
Title:   Director
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN AUSTRALIA PTY LTD
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   Ernest W. Cloutier
    
	
 
    	
 
    	
Name:   Ernest W. Cloutier
    
	
 
    	
 
    	
Title:   Director
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN AUSTRALIA SERVICES PTY LTD
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   Johanna Platt
    
	
 
    	
 
    	
Name:   Johanna Platt
    
	
 
    	
 
    	
Title:   Secretary
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN AUSTRALIA HOLDINGS PTY LTD
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   Ernest W. Cloutier
    
	
 
    	
 
    	
Name:   Ernest W. Cloutier
    
	
 
    	
 
    	
Title:   Director
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN AUSTRIA ARCHIVIERUNG GMBH
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   Robert Nedeljkovic
    
	
 
    	
 
    	
Name:   Robert Nedeljkovic
    
	
 
    	
 
    	
Title:   Managing Director
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN LUXEMBOURG SERVICES S.A.R.L., LUXEMBOURG, SCHAFFHAUSEN BRANCH
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   Christopher LaRochelle
    
	
 
    	
 
    	
Name:   Christopher LaRochelle
    
	
 
    	
 
    	
Title:   Authorized Manager
    

 

Signature Page to Assumption and Affirmation Agreement

 

 

	
 
    	
IRON   MOUNTAIN INTERNATIONAL HOLDINGS B.V.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
/s/   Roderick Day
    
	
 
    	
 
    	
Name:   Roderick Day
    
	
 
    	
 
    	
Title:   Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   Marc Duale
    
	
 
    	
 
    	
Name:   Marc Duale
    
	
 
    	
 
    	
Title:   Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   TMF Management B.V.
    
	
 
    	
 
    	
Name:   TMF Management B.V.
    
	
 
    	
 
    	
Title:   Director
    

 

Signature Page to Assumption and Affirmation AgreementEX-10.8

 EXHIBIT 10.8 

AMENDMENT NO. 1 
 TO THE

 GREIF, INC. 

AMENDED AND RESTATED LONG-TERM INCENTIVE PLAN 

The Greif, Inc. Amended and Restated Long-Term Incentive Plan (the “Plan”) is hereby amended pursuant to the following provisions:

 1. Definitions: For the purposes of the Plan and this amendment, all capitalized terms used in this amendment which are not
otherwise defined herein shall have the respective meanings given such terms in the Plan. 
 2. Amendment: The references in Article
1, Section 1.1 and Article 9 of the Plan to “October 31, 2015” are hereby amended to “October 31, 2020.” 
 3.
Effective Date; Construction: The effective date of this amendment is February 24, 2014 and this amendment shall be deemed to be part of the Plan as of such date. In the event of any inconsistencies between the provisions of the Plan and
this amendment, the provisions of this amendment shall control. Except as modified by this amendment, the Plan shall continue in full force and effect without change.

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