Document:

exv10w17

 

Exhibit 10.17

SOFTWARE LICENSE AGREEMENT

This Software License Agreement (the “Agreement”) is entered into as of 01/11/2006 (the “Effective
Date”), by and between Broadcom Corporation, a California corporation with its principal office at
16215 Alton Parkway , Irvine, California 92619 (“Broadcom”), and Aruba Networks , a corporation
with a place of business at 1322 Crossman Ave, Sunnyvale, CA, 94089, United States (“Licensee”).
The parties agree as follows:

1. DEFINITIONS .

     1.1 “Authorized Location” shall mean the location set forth in the applicable Software
Description Form, or if none is listed, then the address for Licensee set forth above.

     1.2
“Authorized Licensee Product” means the specific product listed in the applicable Software
Description Form, or if none is listed, then any system level product sold by Licensee that
incorporates the Broadcom Product and the Software and includes other hardware and software
provided by Licensee.

     1.3
“Broadcom Product” means any of the proprietary integrated circuit product(s) sold by
Broadcom with which the Software was designed to be used, or their successors.

     1.4 “Derivative Work” means any discrete modification to the Software made by Licensee
pursuant to this agreement and any modified, altered, enhanced or adapted version of the Software,
or derivative work thereof (as that term is defined under United States copyright law) based on the
Software.

     1.5 “End User Agreement” means a written, legally enforceable agreement that (i) stipulates
that the Software is licensed, not sold, and that title to and ownership of the Software and any
portion thereof remain with Broadcom or its licensors; (ii) disclaims all express and implied
warranties on behalf of Broadcom, and exclude liability of Broadcom and its licensors for any
special, indirect, exemplary, incidental or consequential damages; and (iii) prohibits the end user
from (a) copying the Software, except as reasonably necessary for internal back-up purposes, (b)
using and/or transferring the Software to any third party apart from a Authorized Licensee Product,
(c) modifying the Software, (d) attempting to reverse engineer, decompile or disassemble any
portion of the Software, or (e) exporting the Software or any underlying technology in
contravention of any applicable U.S. or foreign export laws and regulations.

     1.6 “Object Code” means those portions of the Software, if any, furnished to Licensee in
object code or machine readable form, including, without limitation, any bit images or other binary
files for FPGAs.

     1.7 “Software” shall mean that software which may be provided by Broadcom to Licensee from
time to time and which is described in a Software Description Form executed by the parties that
references this Agreement.

     1.8 “Source Code” means those portions of the Software, if any, furnished to Licensee in
source code or human readable form, including, without limitation, any Verilog, HTL or RTL code.

2. LICENSE GRANT; OWNERSHIP

     2.1 License Grants. Subject to the terms and conditions of this Agreement, Broadcom hereby
grants to Licensee, under all of Broadcom’s intellectual property rights in and to the Software, a
non-exclusive, non-transferable, royalty-free license (i) to use, modify and create Derivative
Works from the Source Code, and to

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use the Object Code, without right to sublicense, solely at the Authorized Location, solely
for the purpose of incorporating the Software or Derivative works in Authorized Licensee Products
for use with the Broadcom Product, and only if in compliance with Section 2.2 below; and (ii) to
reproduce, distribute and sublicense, in object code form only, copies of the Software or
Derivative Works only as incorporated in Authorized Licensee Products for use with the Broadcom
Product to resellers, distributors and end users of such Authorized Licensee Products, and only if
in compliance with Section 2.3 below.

     2.2 Restriction on Modification. If and to the extent that the Software is designed to be
compliant with any published communications standard (including, without limitation, DOCSIS,
HomePNA, IEEE, and ITU standards), Licensee may not make any modifications to the Software that
would cause the Software or the accompanying Broadcom Products to be incompatible with such
standard. Licensee represents and warrants that it will not take any action that would create
obligations that would conflict with Licensee’s obligations hereunder, including without
limitation, creating derivative works of the Software that contain code licensed under an “Open
Source License” (as defined below), or using the Software or derivative works thereof to merge
with, link to, make function calls to, or share data structures with software available under an
Open Source License. Licensee shall defend and indemnify Broadcom against all liabilities, losses,
damages, costs and expenses relating to or arising out of a breach by Licensee of the foregoing
representation and warranty. Open Source Licenses includes, without limitation, a software license
that requires as a condition of use, modification, and/or distribution of such software that such
software or other software incorporated into, derived from or distributed with such software be (a)
disclosed or distributed in source code form; (b) be licensed for the purpose of making derivative
works; or (c) be redistributable at no charge.

     2.3 Restriction on Distribution. Licensee shall only distribute the Software or Derivative
Works to resellers, distributors and end users either (a) physically embedded in the Authorized
Licensee Products in a manner that is not readily accessible to end users; or (b) pursuant to an
End User Agreement. By way of example only, an End User Agreement shall be required to distribute
the Software or Derivative Works on a CD-ROM, floppy disk, or by electronic transmission.

     2.4 Proprietary Notices. Licensee shall not remove, efface or obscure any copyright or
trademark notices from the Software. Licensee shall include reproductions of the Broadcom
copyright notice with each copy of the Software and any Derivative Work, except where such Software
is embedded in a manner not readily accessible to the end user. Licensee acknowledges that any
symbols, trademarks, tradenames, and service marks adopted by Broadcom to identify the Software
belong to Broadcom and that Licensee shall have no rights therein.

     2.5 Ownership. Broadcom shall retain all right, title and interest, including all
intellectual property rights, in and to the Software. Licensee hereby covenants that it will not
assert any claim that the Software or Derivative Works created by or for Broadcom infringe any
intellectual property right owned or controlled by Licensee. Licensee shall own all right, title
and interest in any Derivative Works to the Software made by Licensee, subject to Broadcom’s
ownership of the underlying Software and the restrictions contained herein.

     2.6 No Other Rights Granted. Apart from the license rights expressly set forth in this
Agreement, Broadcom does not grant and Licensee does not receive any ownership right, title or
interest nor any security interest or other interest in any intellectual property rights relating
to the Software, nor in any copy of any part of the foregoing. Licensee shall not use, license,
sell or otherwise distribute the Software or any Derivative Work except as provided in this
Agreement, and shall not attempt to reverse engineer, decompile or disassemble any portion of the
Object Code.

3. NO WARRANTY OR SUPPORT

     3.1 No Warranty. THE SOFTWARE IS OFFERED “AS IS,” AND BROADCOM GRANTS AND

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LICENSEE RECEIVES NO WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, BY STATUTE, COMMUNICATION
OR CONDUCT WITH LICENSEE, OR OTHERWISE. BROADCOM SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A SPECIFIC PURPOSE OR NONINFRINGEMENT CONCERNING THE SOFTWARE OR ANY
UPGRADES TO OR DOCUMENTATION FOR THE SOFTWARE. WITHOUT LIMITATION OF THE ABOVE, BROADCOM GRANTS NO
WARRANTY THAT THE SOFTWARE IS ERROR-FREE OR WILL OPERATE WITHOUT INTERRUPTION, AND GRANTS NO
WARRANTY REGARDING ITS USE OR THE RESULTS THEREFROM INCLUDING, WITHOUT LIMITATION, ITS CORRECTNESS,
ACCURACY OR RELIABILITY.

     3.2 No Support. Nothing in this agreement shall obligate Broadcom to provide any support for
the Software. Broadcom may, but shall be under no obligation to, correct any defects in the
Software and/or provide updates to licensees of the Software. Licensee shall make reasonable
efforts to promptly report to Broadcom any defects it finds in the Software, as an aid to creating
improved revisions of the Software.

     3.3 End User Support. Licensee shall, at its own expense, be solely responsible for providing
technical support and training to its customers for Authorized Licensee Products, and Broadcom
shall have no obligation with respect thereto. Licensee shall be solely responsible for, and
Broadcom shall have no obligation to honor, any warranties that Licensee provides to its customers
or to end users with respect to the Software or Derivative Works. Licensee shall defend any claim
against Broadcom arising in connection with any such warranties, express, implied, statutory, or
otherwise, and shall pay any settlements or damages awarded against Broadcom that are based on any
such warranties.

     3.4 Dangerous Applications. The Software is not designed, intended, or certified for use in
components of systems intended for the operation of weapons, weapons systems, nuclear
installations, means of mass transportation, aviation, life-support computers or equipment
(including resuscitation equipment and surgical implants), pollution control, hazardous substances
management, or for any other dangerous application in which the failure of the Software could
create a situation where personal injury or death may occur. Licensee understands that use of the
Software in such applications is fully at the risk of Licensee.

     3.5 Third Party Software. Licensee acknowledges that the Third Party Software is not owned by
Broadcom, and may be subject to additional restrictions imposed by its licensor. Any such
additional restrictions will be set forth in Exhibit A. NOTWITHSTANDING ANY OTHER PROVISION OF
THIS AGREEMENT, BROADCOM OFFERS NO WARRANTIES (WHETHER EXPRESS OR IMPLIED) OR SUPPORT OF ANY KIND
WITH RESPECT TO THE THIRD PARTY SOFTWARE, EXCEPT THAT BROADCOM WILL PASS THROUGH TO LICENSEE, IF
AND TO THE EXTENT PERMITTED, ANY WARRANTIES EXPRESSLY PROVIDED BY SUCH THIRD PARTIES TO BROADCOM
FOR SUCH THIRD PARTY SOFTWARE.

4. TERM AND TERMINATION

     4.1 Term and Termination. This Agreement shall become effective on the date first set forth
above and shall remain in effect perpetually unless terminated as provided below. If Licensee
defaults in a material obligation under this Agreement, and if the default is curable, also fails
to cure such default thirty (30) days after written notice of such default, Broadcom may
immediately terminate and cancel this Agreement and the licenses granted hereunder upon written
notice to Licensee. Licensee may terminate this Agreement at any time upon written notice to
Broadcom and fulfillment of its obligations under Section 4.2 herein.

     4.2 Effect Of Termination. Upon any termination of this Agreement, the rights and licenses
granted to Licensee under this Agreement shall immediately terminate; provided, however, that
sublicenses of the Software or Derivative Works in object code format, to the extent validly
granted to end users pursuant to Section

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2.1(ii) prior to termination of this Agreement, shall survive such termination subject to
compliance with the obligations set forth herein. Upon termination, Licensee shall ship to
Broadcom, within thirty (30) days, all tangible items in its possession or control which are
proprietary to Broadcom; and Licensee shall destroy or return to Broadcom, at Broadcom’s option,
all copies of the Software and Derivative Works (including, without limitation, Source Code) in its
possession or control.

     4.3 Survival. The provisions of Sections 1 , 2.2 , 2.3 , 2.4 , 2.5 , 2.6 , 3 , 4 , 5 , 6 ,
and 7 shall survive the termination of this Agreement.

5. CONFIDENTIALITY

     5.1 Existing NDA (if Applicable). If Broadcom and Licensee already have put in place a
non-disclosure agreement that would protect communications made under this Agreement (the “NDA”),
then all such communications shall be subject to the terms and conditions of such NDA, which the
parties acknowledge is in full force and effect. The parties agree that the Software and any
accompanying documentation will be considered Confidential Information under the NDA. In the event
of a conflict between the terms of this Agreement and the terms of the NDA, the terms of this
Agreement will prevail.

     5.2 Obligations if No NDA Exists. If no NDA exists, then the following terms shall apply:
Licensee acknowledges and agrees that the Software, any documentation relating to the Software, and
any other information (if such other information is identified as confidential or should be
recognized as confidential under the circumstances) provided to Licensee by Broadcom hereunder
(collectively, “Confidential Information”) constitute the confidential and proprietary information
of Broadcom, and that Licensee’s protection thereof is an essential condition to Licensee’s use and
possession of the Software. Licensee shall retain all Confidential Information in strict
confidence and not disclose it to any third party or use it in any way except as permitted by this
Agreement without Broadcom’s express written consent. Licensee will exercise at least the same
amount of diligence in preserving the secrecy of the Confidential Information as it uses in
preserving the secrecy of its own most valuable confidential information, but in no event less than
reasonable diligence. The prohibitions contained in this Section 5.2 preclude dissemination of
Confidential Information to Licensee’s subsidiaries, affiliates, contractors or subcontractors,
except in the event of a permitted assignment pursuant to Section 7.1 . Information shall not be
considered Confidential Information if and to the extent that it: (i) was in the public domain at
the time it was disclosed or has entered the public domain through no fault of Licensee; (ii) was
known to Licensee, without restriction, at the time of disclosure as proven by the files of
Licensee in existence at the time of disclosure; or (iii) becomes known to Licensee, without
restriction, from a source other than Broadcom without breach of this Agreement by Licensee and
otherwise not in violation of Broadcom’s rights.

     5.3 Source Code Protection. Licensee shall not under any circumstances copy, duplicate or
otherwise reproduce the Source Code in any manner except as provided herein. Licensee is granted
the right to make one (1) archival or backup copy of the Source Code, which shall be marked as an
archival copy and as the confidential and proprietary property of Broadcom to which access is
restricted. Licensee agrees to inform all employees and contractors who are given access by
Licensee to the Software, including the Source Code, the Object Code, or any accompanying
documentation, that such materials are confidential and trade secrets of Broadcom licensed to
Licensee as such.

     5.4 Return of Confidential Information. Notwithstanding the foregoing, all documents and
other tangible objects containing or representing Broadcom Confidential Information and all copies
thereof which are in the possession of Licensee shall be and remain the property of Broadcom, and
shall be promptly returned to Broadcom upon written request by Broadcom or upon termination of this
Agreement.

6. LIMITATION OF LIABILITY

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     EXCEPT FOR A BREACH BY LICENSEE OF SECTION 2 (LICENSE GRANT; OWNERSHIP) OR A BREACH BY
EITHER PARTY OF SECTION 5 (CONFIDENTIALITY), IN NO EVENT SHALL LICENSEE, BROADCOM OR ANY OF
BROADCOM’S LICENSORS HAVE ANY LIABILITY FOR ANY INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL
DAMAGES, HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY, WHETHER FOR BREACH OF CONTRACT, TORT
(INCLUDING NEGLIGENCE) OR OTHERWISE, ARISING OUT OF THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO
LOSS OF PROFITS, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THESE
LIMITATIONS SHALL APPLY NOTWITHSTANDING ANY FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY.

7. MISCELLANEOUS

     7.1 Assignment. This Agreement shall be binding upon and inure to the benefit of the parties
and their respective successors and assigns, provided, however that Licensee may not assign this
Agreement or any rights or obligation hereunder, directly or indirectly, by operation of law or
otherwise, without the prior written consent of Broadcom, and any such attempted assignment shall
be void. Notwithstanding the foregoing, Licensee may assign this Agreement to a successor to all
or substantially all of its business or assets to which this Agreement relates that is not a
competitor of Broadcom.

     7.2 Notices. All notices between the parties shall be in writing and shall be deemed to have
been given if personally delivered or sent by certified mail (return receipt requested), or
telecopy, to the other party’s legal department at the address set forth in this Agreement, or such
other address as is provided by notice as set forth herein. Notices shall be deemed effective upon
receipt if personally delivered, three (3) business days after it was sent if by certified mail, or
one (1) business day after it was sent if by telecopier.

     7.3 Governing Law; Venue. This Agreement shall be governed by the laws of California without
regard to any conflict-of-laws rules, and the United Nations Convention on Contracts for the
International Sale of Goods is hereby excluded. The sole jurisdiction and venue for actions
related to the subject matter hereof shall be the state and federal courts located in the County of
Orange, California, and both parties hereby consent to such jurisdiction and venue.

     7.4 Severability. All terms and provisions of this Agreement shall, if possible, be construed
in a manner which makes them valid, but in the event any term or provision of this Agreement is
found by a court of competent jurisdiction to be illegal or unenforceable, the validity or
enforceability of the remainder of this Agreement shall not be affected if the illegal or
unenforceable provision does not materially affect the intent of this Agreement. If the illegal or
unenforceable provision materially affects the intent of the parties to this Agreement, this
Agreement shall become terminated.

     7.5 Equitable Relief. Licensee hereby acknowledges that its breach of this Agreement would
cause irreparable harm and significant injury to Broadcom that may be difficult to ascertain and
that a remedy at law would be inadequate. Accordingly, Licensee agrees that Broadcom shall have
the right to seek and obtain immediate injunctive relief to enforce obligations under the Agreement
in addition to any other rights and remedies it may have.

     7.6 Export Regulations. Licensee agrees and warrants that it shall comply, at its own
expense, with the U.S. Foreign Corrupt Practices Act and all export and import laws, restrictions,
national security controls and regulations of the United States and any applicable foreign agency
or authority. Licensee shall not export, or re-export, or authorize the export or re-export of the
Software or any other product, technology, or information that Licensee obtains or learns
hereunder, or any copy or direct product thereof, in violation of any of such laws, restrictions,
or regulations or without any license or approval required thereunder. Any and all obligations of

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Broadcom to provide Software or any media in which the Software is contained shall be
subject in all respects to such laws, restrictions, and regulations.

     7.7 Waiver. The waiver of, or failure to enforce, any breach or default hereunder shall not
constitute the waiver of any other or subsequent breach or default.

     7.8 Entire Agreement. This Agreement, along with any associated Software Description Forms,
sets forth the entire Agreement between the parties and supersedes any and all prior proposals,
agreements and representations between them, whether written or oral. This Agreement may be
changed only by mutual agreement of the parties in writing. In the event of a conflict between the
terms of this Agreement and the terms of a Software Description Form, the term of the Software
Description Form will prevail.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the
Effective Date.

	 	 	 	 	 	 	 	 	 	 	 
	Aruba Networks	 	 	 	BROADCOM CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Alexa King
 

	 	 	 	By:
	 	/s/ Martin Lund
 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name: Alexa King	 	 	 	Name: Martin Lund	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Title: Senior Director, Legal Affairs	 	 	 	Title: VP/GM, Network Switching	 	 

SOFTWARE LICENSE AGREEMENT:

SOFTWARE DESCRIPTION FORM

Referenced Agreement:

Licensee: Aruba Networks

Date: 01/11/2006

With respect to the Software identified below, the terms and conditions of the referenced Software
License Agreement, as modified by any terms and conditions identified below, will apply:

Software Being Licensed:

BCM56xx, BCM56xxx StrataSwitch and StrataXGS software.

1) Devices Drivers for controlling switch chip

2) API, defining high level interface to perform common chip functions

3) API’s enabling advanced switching features including but not limited to L2 to L7 functions.

4) Diagnostics and tests for various switch chips.

5) CLI (Command Line Interface)

6) Network Protocol and application S/W including, but not limited to SNMP, Spanning Tree.

7) Application and Driver software for public domain operating systems such as Linux. This

software includes User Interface and configuration SW

ROBOswitchTM BCM532xM, BCM533xM, BCM534xM and BCM538xM (the “IC”), a proprietary integrated circuit
that incorporates a wire-speed, layer 2 switch with Fast Ethernet and Gigabit Ethernet ports, and
is

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providing Licensee with the IC and various other hardware components solely for internal evaluation of the IC.

1) Devices Drivers for controlling switch chip

2) API, defining the high level interface to perform common chip functions

3) API’s enabling L2 switching features

4) CLI (Command Line Interface)

5) Network Protocol and application S/W

6) Application and Driver software for public domain operating systems such as Linux. This

software includes User Interface and configuration S/W.

7) “WebSmart” web-based control software and it’s associated API and drivers

Authorized Licensee Product:

Authorized Location:

At any facility that is owned or occupied exclusively by the Licensee.

Additional Restrictions on Third Party Software:

This Software Description Form and the referenced Software License Agreement are the complete and
exclusive Agreement regarding the parties’ rights and obligations with respect to the Software
hereunder.

IN WITNESS WHEREOF, the parties hereto have caused this Software Description Form to be duly
executed as of the later of the dates set forth below.

	 	 	 	 	 	 	 	 	 	 	 
	Aruba Networks

(Licensee Name)	 	 	 	BROADCOM CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Alexa King
 

	 	 	 	By:
	 	/s/ Martin Lund
 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name: Alexa King	 	 	 	Name: Martin Lund	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Title: Senior Director, Legal Affairs	 	 	 	Title: VP/GM, Network Switching	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date: 1/22/06	 	 	 	Date: 2/16/06	 	 

SLA ID 5388ex4-1

    

      

      IRON
        MOUNTAIN INCORPORATED

       

      THE
        GUARANTORS NAMED HEREIN

       

      AND

       

      THE
        BANK
        OF NEW YORK TRUST COMPANY, N.A.,

      as
        Trustee

       

      63⁄4%
        Senior Subordinated Notes due 2018

       

      FIFTH
        SUPPLEMENTAL INDENTURE

       

      Dated
        as
        of January 19, 2007

       

      TO

       

      SENIOR
        SUBORDINATED INDENTURE

       

      Dated
        as
        of December 30, 2002

      

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        TABLE
          OF
          CONENTS

         

        
          
            	 	
                     

                    Page

                  
	
                    ARTICLE
                      1. DEFINITIONS 

                  	
                     

                    1

                  
	
                    Section
                      1.1. 

                  	
                    Definitions

                  	
                    1

                  
	 	 	 
	
                    ARTICLE
                      2. FORM AND TERMS OF THE NOTES 

                  	
                    16

                  
	
                    Section
                      2.1.

                  	
                    Form
                      and Dating

                  	
                    16

                  
	
                    Section
                      2.2.

                  	
                    Execution
                      and Authentication 

                  	
                    17

                  
	
                    Section
                      2.3.

                  	
                    Depository
                      and Paying Agent for Notes

                  	
                    18

                  
	
                    Section
                      2.4.

                  	
                    Transfer
                      and Exchange of Notes 

                  	
                    18

                  
	
                    Section
                      2.5.

                  	
                    Redemption
                      

                  	
                    20

                  
	
                    Section
                      2.6.

                  	
                    Additional
                      Covenants

                  	
                    23

                  
	 	
                    (a)

                  	
                    Restricted
                      Payments

                  	
                    23

                  
	 	
                    (b)

                  	
                    Incurrence
                      of Indebtedness and Issuance of Preferred Stock

                  	
                    26

                  
	 	
                    (c)

                  	
                    Liens

                  	
                    27

                  
	 	
                    (d)

                  	
                    Dividend
                      and Other Payment Restrictions Affecting Restricted
                      Subsidiaries

                  	
                    27

                  
	 	
                    (e)

                  	
                    Transactions
                      with Affiliates

                  	
                    29

                  
	 	
                    (f)

                  	
                    Certain
                      Senior Subordinated Debt

                  	
                    30

                  
	 	
                    (g)

                  	
                    Additional
                      Subsidiary Guarantees

                  	
                    30

                  
	 	
                    (h)

                  	
                    Designation
                      of Unrestricted Subsidiaries

                  	
                    31

                  
	 	
                    (i)

                  	
                    Limitation
                      on Sale and Leaseback Transactions

                  	
                    32

                  
	 	
                    (j)

                  	
                    Asset
                      Sales 

                  	
                    32

                  
	 	
                    (k)

                  	
                    Change
                      of Control Offer

                  	
                    34

                  
	 	
                    (1)

                  	
                    Changes
                      in Covenants When Notes Rated Investment Grade

                  	
                    36

                  
	 	
                    (m)

                  	
                    Additional
                      Tax Amounts

                  	
                    36

                  
	 	
                    (n)

                  	
                    Listing

                  	
                    38

                  
	
                    Section
                      2.7.

                  	
                    Subsidiary
                      Guarantees

                  	
                    38

                  
	
                    Section
                      2.8.

                  	
                    Legal
                      Defeasance and Covenant Defeasance

                  	
                    39

                  
	 	
                    (a)

                  	
                    Ability
                      to Effect Legal Defeasance or Covenant Defeasance

                  	
                    39

                  
	 	
                    (b)

                  	
                    Amend,
                      Restate and Replace Covenant Regarding Deposit 

                  	
                    39

                  
	
                    Section
                      2.9.

                  	
                    Subordination

                  	
                    39

                  
	
                    Section
                      2.10.

                  	
                    Amend,
                      Restate and Replace Covenant Regarding Reports

                  	
                    39

                  
	
                    Section
                      2.11.

                  	
                    Events
                      of Default

                  	
                    40

                  
	
                    Section
                      2.12.

                  	
                    Notice
                      to Holders

                  	
                    40

                  
	
                    Section
                      2.13.

                  	
                    Amend,
                      Restate and Replace Provision Regarding Amendment with the
                      Consent of
                      the
                      Holders of the Notes

                  	
                    41

                  
	
                    Section
                      2.14.

                  	
                    Amend,
                      Restate and Replace Provision Regarding Limitations on Amendment
                      or Waiver

                  	
                    41

                  
	 	 	
                     

                  
	
                    ARTICLE
                      3. MISCELLANEOUS 

                  	
                    42

                  
	 	 	 
	
                    Section
                      3.1.

                  	
                    Effect
                      of Headings

                  	
                    42

                  
	
                    Section
                      3.2.

                  	
                    Successors
                      and Assigns

                  	
                    42

                  
	
                    Section
                      3.3.

                  	
                    Separability
                      Clause

                  	
                    42

                  
	
                    Section
                      3.4.

                  	
                    Governing
                      Law

                  	
                    42

                  
	
                    Section
                      3.5.

                  	
                    Fifth
                      Supplement to Supersede Indenture

                  	
                    42

                  

          

        

        EXHIBITS

        Exhibit
          A FORM
          OF
          NOTES

        Exhibit
          B FORM
          OF
          SUPPLEMENTAL INDENTURE

         

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      THIS
        FIFTH SUPPLEMENTAL INDENTURE, dated as of January 19, 2007 (“Fifth
        Supplemental Indenture”),
        is by
        and between IRON MOUNTAIN INCORPORATED, a Delaware corporation (the
“Company”),
        having its principal office at 745 Atlantic Avenue, Boston, Massachusetts
        02111,
        the Guarantors signatory hereto, and THE BANK OF NEW YORK TRUST COMPANY,
        N.A., a
        national banking association, as trustee (the “Trustee”),
        having its principal corporate trust office at 222 Berkeley Street,
        2nd
        Floor,
        Boston, MA 02116.

       

      WITNESSETH:

       

      WHEREAS,
        the Company and the Trustee, as successor trustee, are parties to that certain
        Senior Subordinated Indenture, dated as of December 30, 2002 (the “Indenture”),
        to provide for the issuance by the Company from time to time of Securities
        to be
        issued in one or more series as provided in the Indenture;

       

      WHEREAS,
        the issuance and sale of up to €300,000,000 aggregate principal amount of a
        series of the Company’s Securities (the “Notes”) have been authorized by
        resolutions adopted by the Board of Directors of the Company on January 5,
        2007;

       

      WHEREAS,
        the Company desires to issue and sell €225,000,000 aggregate principal amount of
        the Notes on the date hereof;

       

      WHEREAS,
        the Company desires to enter into this Fifth Supplemental Indenture pursuant
        to
        Section 9.1(e) of the Indenture to supplement the Indenture to establish
        the
        form and terms of the Notes; and

       

      NOW,
        THEREFORE, for and in consideration of the premises stated herein and the
        purchase of the Notes by the Holders thereof, the parties hereto hereby enter
        into this Fifth Supplemental Indenture, for the equal and proportionate benefit
        of all Holders of Notes, as follows:

       

      ARTICLE
        1.

       

      DEFINITIONS

       

      Section
        1.1. Definitions. 

       

      (a) All
        of the terms used in this Fifth Supplemental Indenture that are defined in
        the
        Indenture shall have the meanings specified in the Indenture, unless otherwise
        defined herein (in which case they shall have the meanings defined herein
        for
        the purposes of the Indenture as well as for the Fifth Supplemental Indenture)
        or unless the context otherwise requires, and for the purposes of this Fifth
        Supplemental Indenture, the following terms have the meanings set forth in
        this
        Section:

       

      “Acquired
        Debt”
means,
        with respect to any specified Person: 

       

      
        	 	
                (1)

              	
                Indebtedness
                  of any other Person, existing at the time such other Person merged
                  with or
                  into or became a Subsidiary of such specified Person, including
                  Indebtedness incurred in connection with, or in contemplation of,
                  such
                  other Person merging with or into or becoming a Subsidiary of such
                  specified Person; and 

              

      

       

      
        	 	
                (2)

              	
                Indebtedness
                  encumbering any asset acquired by such specified Person.
                  

              

      

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      “Acquisition
        EBITDA”
means,
        as of any date of determination, with respect to an Acquisition EBITDA Entity,
        the sum of: 

       

      
        	 	
                (1)

              	
                EBITDA
                  of such Acquisition EBITDA Entity for the most recently ended four
                  full
                  fiscal quarters for which internal financial statements are available
                  at
                  such date of determination (adjusted to give pro forma effect to
                  any
                  acquisition or disposition of a business or Person by such Acquisition
                  EBITDA Entity consummated during the period covered by, or after
                  the date
                  of, such four full fiscal quarters (or if statements are not available
                  for
                  such four full fiscal quarters, EBITDA for the most recently ended
                  fiscal
                  quarter for which internal financial statements are available,
                  annualized), plus 

              

      

       

      
        	 	
                (2)

              	
                projected
                  quantifiable improvements in operating results (on an annualized
                  basis)
                  due to cost reductions calculated in good faith by the Company
                  or one of
                  its Restricted Subsidiaries, as certified by an Officers’ Certificate
                  filed with the Trustee, without giving effect to any operating
                  losses of
                  the acquired Person. 

              

      

       

      “Acquisition
        EBITDA Entity”
means,
        as of any date of determination, a business or Person: 

       

      
        	 	
                (1)

              	
                which
                  has been acquired by the Company or one of its Restricted Subsidiaries
                  and
                  with respect to which internal financial statements on a consolidated
                  basis with the Company are not available for four full fiscal quarters;
                  or
                  

              

      

       

      
        	 	
                (2)

              	
                which
                  is to be acquired in whole or in part with Indebtedness, the incurrence
                  of
                  which will require the calculation on such date of the Acquisition
                  EBITDA
                  of such Acquisition EBITDA Entity for purposes of Section 2.6(b)
                  of this
                  Fifth Supplemental Indenture (Section 4.9 of the Indenture).
                  

              

      

       

      “Additional
        Notes”
means
        such amount of the Company’s 63⁄4% Senior Subordinated Notes due 2018 (other than
        the Initial Notes) as the Company may issue from time to time under this
        Fifth
        Supplemental Indenture in accordance with Section 2.2 hereof as part of the
        same
        series as the Initial Notes. 

       

      “Adjusted
        EBITDA”
means,
        as of any date of determination and without duplication, the sum of:

       

      
        	 	
                (1)

              	
                EBITDA
                  of the Company and its Restricted Subsidiaries for the Company’s most
                  recently ended four full fiscal quarters for which internal financial
                  statements are available at such date of determination; and
                  

              

      

       

      
        	 	
                (2)

              	
                Acquisition
                  EBITDA of each business or Person that is an Acquisition EBITDA
                  Entity as
                  of such date of determination, multiplied by a fraction, (i) the
                  numerator of which is 12 minus the number of months (and/or any
                  portion
                  thereof) in such most recent four full fiscal quarters for which
                  the
                  financial results of such Acquisition EBITDA Entity are included
                  in the
                  EBITDA of the Company and its Restricted Subsidiaries under
                  clause (1) above, and (ii) the denominator of which is 12. The
                  effects of unusual items, including merger-related expenses permitted
                  to
                  be shown as a separate line item on a statement of operations in
                  accordance with GAAP, or non-recurring items in respect of the
                  Company, a
                  Restricted

              

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      Subsidiary
        or an Acquisition EBITDA Entity occurring in any period shall be excluded
        in the
        calculation of Adjusted EBITDA.

       

      “Agent
        Members”
means
        members of, or Participants in, the Depository.

       

      “Attributable
        Indebtedness”
        in respect of a Sale and Leaseback Transaction means, as of the time of
        determination, the greater of: 

       

      
        	 	
                (1)

              	
                the
                  fair market value of the property subject to such arrangement (as
                  determined by the Board of Directors); and

              

      

       

      
        	 	
                (2)

              	
                the
                  present value (discounted at the rate of interest implicit in such
                  transaction) of the total obligations of the lessee for rental
                  payments
                  during the remaining terms of the lease included in such Sale and
                  Leaseback Transaction (including any period for which such lease
                  has been
                  extended).

              

      

       

      “Bund
        Rate”
means,
        with respect to any redemption date, the rate per annum equal to the semi-annual
        equivalent yield to maturity as of such date of the Comparable German Bund
        Issue, assuming a price for the Comparable German Bund Issue (expressed as
        a
        percentage of its principal amount) equal to the Comparable German Bund Price
        for such redemption date, where:

       

      (1) “Comparable
        German Bund Issue”
means
        the German Bundesanleihe
        security
        selected by any dealer of German Bundesanleihe
        securities appointed by the Company (a “Reference
        German Bund Dealer”)
        as
        having a fixed maturity most nearly equal to the period from such redemption
        date to the Euro Make-Whole Average Life; provided,
        however,
        that,
        if the Euro Make-Whole Average Life is not equal to the fixed maturity of
        the
        German Bundesanleihe
        security
        selected by such Reference German Bund Dealer, the Bund Rate shall be determined
        by linear interpolation (calculated to the nearest one-twelfth of a year)
        from
        the yields of German Bundesanleihe
        securities for which such yields are given, except that if the Euro Make-Whole
        Average Life is less than one year, a fixed maturity of one year shall be
        used;

       

      (2) “Comparable
        German Bund Price”
means,
        with respect to any redemption date, the average of all Reference German
        Bund
        Dealer Quotations for such date (which, in any event, must include at least
        two
        such quotations), after excluding the highest and lowest such Reference German
        Bund Quotations, or if the Company obtains fewer than four such Reference
        German
        Bund Dealer quotations, the average of all such quotations; and

       

      (3) “Reference
        German Bund Dealer Quotations”
means,
        with respect to each Reference German Bund Dealer and any redemption date,
        the
        average as determined by the Company of the bid and offered prices for the
        Comparable German Bund Issue (expressed in each case as a percentage of its
        principal amount) quoted in writing to the Company by such Reference German
        Bund
        Dealer at 4:00 P.M. Frankfurt, Germany, time on the third Business Day preceding
        the redemption date.

       

      “Cash
        Equivalents”
means:
        

       

      
        	 	
                (1)

              	
                securities
                  with maturities of one year or less from the date of acquisition,
                  issued,
                  fully guaranteed or insured by the United States Government or
                  any agency
                  thereof; 

              

      

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      
        	 	
                (2)

              	
                certificates
                  of deposit, time deposits, overnight bank deposits, bankers acceptances
                  and repurchase agreements issued by a Qualified Issuer having maturities
                  of 270 days or less from the date of acquisition;
                  

              

      

       

      
        	 	
                (3)

              	
                commercial
                  paper of an issuer rated at least A-2 by Standard & Poor’s Rating
                  Group, a division of The McGraw-Hill Companies, Inc., or P-2 by
                  Moody’s Investors Service, or carrying an equivalent rating by a
                  nationally recognized rating agency if both of the two named rating
                  agencies cease publishing ratings of investments, and having maturities
                  of
                  270 days or less from the date of acquisition;
                  

              

      

       

      
        	 	
                (4)

              	
                money
                  market accounts or funds with or issued by Qualified Issuers; and
                  

              

      

       

      
        	 	
                (5)

              	
                Investments
                  in money market funds substantially all of the assets of which
                  are
                  comprised of securities and other obligations of the types described
                  in
                  clauses (1) through (3) above.

              

      

       

      “Change
        of Control”
means
        the occurrence of any of the following events: 

       

      
        	 	
                (1)

              	
                any
                  “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of
                  the Exchange Act), other than the Principal Stockholders (or any
                  of them),
                  is or becomes the “beneficial owner” (as defined in Rules 13d-3 and
                  13d-5 under the Exchange Act), directly or indirectly, of more
                  than a
                  majority of the voting power of all classes of Voting Stock of
                  the
                  Company; 

              

      

       

      
        	 	
                (2)

              	
                the
                  Company consolidates with, or merges with or into, another Person
                  or
                  conveys, transfers, leases or otherwise disposes of all or substantially
                  all of its assets to any Person, or any Person consolidates with,
                  or
                  merges with or into, the Company, in any such event pursuant to
                  a
                  transaction in which the outstanding Voting Stock of the Company
                  is
                  converted into or exchanged for cash, securities or other property,
                  other
                  than any such transaction where (i) the outstanding Voting Stock of
                  the Company is not converted or exchanged at all (except to the
                  extent
                  necessary to reflect a change in the jurisdiction of incorporation)
                  or is
                  converted into or exchanged for (A) Voting Stock (other than
                  Disqualified Stock) of the surviving or transferee Person or
                  (B) cash, securities and other property (other than Capital Stock
                  described in the foregoing clause (A)) of the surviving or transferee
                  Person in an amount that could be paid as a Restricted Payment
                  pursuant to
                  Section 2.6(a) of the Fifth Supplemental Indenture (Section 4.8
                  of the
                  Indenture) and (ii) immediately after such transaction, no “person”
                  or “group” (as such terms are used in Sections 13(d) and 14(d) of the
                  Exchange Act), other than the Principal Stockholders (or any of
                  them), is
                  the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the
                  Exchange Act), directly or indirectly, of more than a majority
                  of the
                  total outstanding Voting Stock of the surviving or transferee Person;
                  

              

      

       

      
        	 	
                (3)

              	
                during
                  any consecutive two-year period, individuals who at the beginning
                  of such
                  period constituted the Board of Directors (together with any new
                  directors
                  whose election to such Board of Directors, or whose nomination
                  for
                  election by the stockholders of the Company, was approved by a
                  vote of
                  662/3%
                  of the directors then still in office who were either directors
                  at the
                  beginning of such period or

              

      

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      whose
        election or nomination for election was previously so approved) cease for
        any
        reason to constitute a majority of the Board of Directors then in office;
        or

       

      
        	 	
                (4)

              	
                the
                  Company is liquidated or dissolved or adopts a plan of liquidation
                  or
                  dissolution other than in a transaction which complies with Section
                  5.1 of
                  the Indenture.

              

      

       

      “Clearstream”
means
        Clearstream Banking, société anonyme.
        

       

      “Common
        Depository”
means
        The Bank of New York, London Branch. 

       

      “Consolidated
        Adjusted Net Income”
means,
        for any period, the net income (or net loss) of the Company and its Restricted
        Subsidiaries for such period as determined on a consolidated basis in accordance
        with GAAP, adjusted to the extent included in calculating such net income
        or
        loss by excluding: 

       

      
        	 	
                (1)

              	
                any
                  net after-tax extraordinary gains or losses (less all fees and
                  expenses
                  relating thereto); 

              

      

       

      
        	 	
                (2)

              	
                any
                  net after-tax gains or losses (less all fees and expenses relating
                  thereto) attributable to Asset Sales;

              

      

       

      
        	 	
                (3)

              	
                the
                  portion of net income (or loss) of any Person (other than the Company
                  or a
                  Restricted Subsidiary), including Unrestricted Subsidiaries, in
                  which the
                  Company or any Restricted Subsidiary has an ownership interest,
                  except to
                  the extent of the amount of dividends or other distributions actually
                  paid
                  to the Company or any Restricted Subsidiary in cash dividends or
                  distributions by such Person during such period; and
                  

              

      

       

      
        	 	
                (4)

              	
                the
                  net income (or loss) of any Person combined with the Company or
                  any
                  Restricted Subsidiary on a “pooling of interests” basis attributable to
                  any period prior to the date of combination.

              

      

       

      “Consolidated
        Income Tax Expense”
        means, for any period, the provision for U.S. federal, state, local and foreign
        income taxes of the Company and its Restricted Subsidiaries for such period
        as
        determined on a consolidated basis in accordance with GAAP. 

       

      “Consolidated
        Interest Expense”
        means, for any period, without duplication, the sum of: 

       

      
        	 	
                (1)

              	
                the
                  amount which, in conformity with GAAP, would be set forth opposite
                  the
                  caption “interest expense” (or any like caption) on a consolidated
                  statement of operations of the Company and its Restricted Subsidiaries
                  for
                  such period, including, without limitation:

              

      

       

      
        	 	
                (i)

              	
                amortization
                  of debt discount; 

              

      

       

      
        	 	
                (ii)

              	
                the
                  net cost of interest rate contracts (including amortization of
                  discounts);
                  

              

      

       

      
        	 	
                (iii)

              	
                the
                  interest portion of any deferred payment obligation;
                  

              

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      
        	 	
                (iv)

              	
                amortization
                  of debt issuance costs; and 

              

      

       

      
        	 	
                (v)

              	
                the
                  interest component of Capital Lease Obligations of the Company
                  and its
                  Restricted Subsidiaries; plus 

              

      

       

      
        	 	
                (2)

              	
                all
                  interest on any Indebtedness of any other Person guaranteed and
                  paid by
                  the Company or any of its Restricted Subsidiaries;
                  

              

      

       

      provided,
        however, that Consolidated Interest Expense will not include any gain or
        loss
        from extinguishment of debt, including write-off of debt issuance costs.
        

       

      “Consolidated
        Non-Cash Charges”
means,
        for any period, the aggregate depreciation, amortization and other non-cash
        expenses of the Company and its Restricted Subsidiaries (including without
        limitation any minority interest) reducing Consolidated Adjusted Net Income
        for
        such period, determined on a consolidated basis in accordance with GAAP
        (excluding any such non-cash charge to the extent that it requires an accrual
        of
        or reserve for cash charges for any future period). 

       

      “Credit
        Agent”
means
        JPMorgan Chase Bank, in its capacity as administrative agent for the lenders
        party to the Credit Agreement, or any successor or successors party thereto.
        

       

      “Credit
        Agreement”
means
        that certain Amended and Restated Credit Agreement, dated as of July 8, 2004,
        as
        amended, among the Company, the lenders party thereto and the Credit Agent,
        as
        amended, restated, supplemented, modified, renewed, refunded, increased,
        extended, replaced or refinanced from time to time. 

       

      “Definitive Notes”
means
        Notes that are in the form of the Notes attached hereto as Exhibit A, that
        do
        not include the information called for by Section 2.15 of the Indenture.
        

       

      “Depository”
means
        any of Euroclear, Clearstream and their respective nominees and successors,
        acting through itself or the Common Depository, or any other Person designated
        as Depository for such Series by the Company. 

       

      “EBITDA”
means
        for any period Consolidated Adjusted Net Income for such period increased
        by:

       

      
        	 	
                (1)

              	
                Consolidated
                  Interest Expense for such period; plus

              

      

       

      
        	 	
                (2)

              	
                Consolidated
                  Income Tax Expense for such period; plus

              

      

       

      
        	 	
                (3)

              	
                Consolidated
                  Non-Cash Charges for such period. 

              

      

       

      “Equity
        Interests”
means
        Capital Stock and all warrants, options or other rights to acquire Capital
        Stock
        (but excluding any debt security that is convertible into, or exchangeable
        for,
        Capital Stock). 

       

      “Equity
        Proceeds”
        means: 

       

      
        	 	
                (1)

              	
                with
                  respect to Equity Interests (or debt securities converted into
                  Equity
                  Interests) issued or sold for cash Dollars, the aggregate amount
                  of such
                  cash Dollars; and 

              

      

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      
        	 	
                (2)

              	
                with
                  respect to Equity Interests (or debt securities converted into
                  Equity
                  Interests) issued or sold for any consideration other than cash
                  Dollars,
                  the aggregate Market Price thereof computed on the date of the
                  issuance or
                  sale thereof. 

              

      

       

      “Euro”
or
        “€”
means
        the lawful currency of the member states of the European Union that adopt
        the
        single currency in accordance with the Treaty establishing the European
        Community, as amended.

       

      “Euro
        Make-Whole Amount”
means,
        with respect to any Note, an amount equal to the excess, if any,
        of:

       

      

      
        	 	
                (1)

              	
                the
                  present value of the remaining principal, premium and interest
                  payments
                  that would be payable with respect to such Note if such Note were
                  redeemed
                  on October 15, 2011, computed using a discount rate equal to the Bund
                  Rate plus 75 basis points, over

              

      

       

      
        	 	
                (2)

              	
                the
                  outstanding principal amount of such
                  Note.

              

      

       

      

      “Euro
        Make-Whole Average Life”
means,
        with respect to any date of redemption of Notes, the number of years (calculated
        to the nearest one-twelfth) from such redemption date to October 15,
        2011.

       

      “Euro
        Make-Whole Price”
means,
        with respect to any Note, the greater of:

       

      
        	 	
                (1)

              	
                the
                  sum of the principal amount of and Euro Make-Whole Amount with
                  respect to
                  such Note; and

              

      

       

      
        	 	
                (2)

              	
                the
                  redemption price of such Note on October 15,
                  2011.

              

      

       

      “Euroclear”
means
        Euroclear Bank S.A./N.V., as operator of the Euroclear system.

       

      “European
        Government Obligations”
means
        any security that is (i) a direct obligation of any country that is a
        member of the European Union, for the payment of which the full faith and
        credit
        of such country is pledged or (ii) an obligation of a Person controlled or
        supervised by and acting as an agency or instrumentality of any such country
        the
        payment of which is unconditionally guaranteed as a full faith and credit
        obligation by such country, which, in either case under the preceding clause
        (i) or (ii), is not callable or redeemable at the option of the issuer
        thereof.

       

      “Excluded
        Restricted Subsidiary”
means
        any Restricted Subsidiary organized under the laws of a jurisdiction other
        than
        the United States (as defined in Regulation S under the Securities Act) and
        that
        has not delivered a Subsidiary Guarantee.

       

      “Existing
        Indebtedness”
means
        Indebtedness of the Company and its Subsidiaries (other than under the Credit
        Agreement) in existence on the date of the Indenture, until such amounts
        are
        repaid. 

       

      “Global
        Note”
means
        a
        permanent global Note that contains the paragraph referred to in Section
        2.15.3
        of the Indenture and the additional Schedule of Exchanges of Notes to the
        form
        of the Note attached hereto as Exhibit A, and that is deposited with and
        registered in the name of the Depository.

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      “Initial
        Notes”
means
        the first €225,000,000 aggregate principal amount of 63⁄4% Senior Subordinated
        Notes due 2018 that are issued under this Fifth Supplemental Indenture, as
        amended or supplemented from time to time pursuant to the
        Indenture.

       

      “Investments”
means,
        with respect to any Person, all investments by such Person in other Persons
        (including Affiliates) in the forms of loans (including Guarantees), advances
        or
        capital contributions (excluding commission, travel and similar advances
        to
        officers and employees made in the ordinary course of business), purchases
        or
        other acquisitions for consideration of Indebtedness, Equity Interests or
        other
        securities and all other items that are or would be classified as investments on
        a balance sheet prepared in accordance with GAAP. 

       

      “Leverage
        Ratio”
means,
        at any date, the ratio of: 

       

      
        	 	
                (1)

              	
                the
                  aggregate principal amount of Indebtedness of the Company and its
                  Restricted Subsidiaries outstanding as of the most recent available
                  quarterly or annual balance sheet, to

              

      

       

      
        	 	
                (2)

              	
                Adjusted
                  EBITDA, after giving pro forma effect, without duplication, to
                  

              

      

       

      
        	 	
                (i)

              	
                the
                  incurrence, repayment or retirement of any Indebtedness by the
                  Company or
                  its Restricted Subsidiaries since the last day of the most recent
                  full
                  fiscal quarter of the Company; 

              

      

       

      
        	 	
                (ii)

              	
                if
                  the Leverage Ratio is being determined in connection with the incurrence
                  of Indebtedness by the Company or a Restricted Subsidiary, such
                  Indebtedness; and 

              

      

       

      
        	 	
                (iii)

              	
                the
                  Indebtedness to be incurred in connection with the acquisition
                  of any
                  Acquisition EBITDA Entity. 

              

      

       

      “Lien”
means,
        with respect to any asset, any mortgage, lien, pledge, charge, security interest
        or encumbrance of any kind in respect of such asset, whether or not filed,
        recorded or otherwise perfected under applicable law (including any conditional
        sale or other title retention agreement, any lease in the nature thereof,
        any
        option or other agreement to sell or give a security interest in and any
        filing
        of or agreement to give any financing statement under the Uniform Commercial
        Code, or equivalent statutes, of any jurisdiction). 

       

      “Market
        Price”
means:
        

       

      
        	 	
                (1)

              	
                with
                  respect to the calculation of Equity Proceeds from the issuance
                  or sale of
                  debt securities which have been converted into Equity Interests,
                  the value
                  received upon the original issuance or sale of such converted debt
                  securities, as determined reasonably and in good faith by the Board
                  of
                  Directors; and 

              

      

       

      
        	 	
                (2)

              	
                with
                  respect to the calculation of Equity Proceeds from the issuance
                  or sale of
                  Equity Interests, the average of the daily closing prices for such
                  Equity
                  Interests for the 20 consecutive trading days preceding the date
                  of such
                  computation. 

              

      

       

      The
        closing price for each day shall be: 

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      
        	 	
                (1)

              	
                if
                  such Equity Interests are then listed or admitted to trading on
                  the New
                  York Stock Exchange, the closing price on the NYSE Consolidated
                  Tape (or
                  any successor consolidated tape reporting transactions on the New
                  York
                  Stock Exchange) or, if such composite tape shall not be in use
                  or shall
                  not report transactions in such Equity Interests, or if such Equity
                  Interests shall be listed on a stock exchange other than the New
                  York
                  Stock Exchange (including for this purpose the Nasdaq Global Market),
                  the
                  last reported sale price regular way for such day, or in case no
                  such
                  reported sale takes place on such day, the average of the closing
                  bid and
                  asked prices regular way for such day, in each case on the principal
                  national securities exchange on which such Equity Interests are
                  listed or
                  admitted to trading (which shall be the national securities exchange
                  on
                  which the greatest number of such Equity Interests have been traded
                  during
                  such 20 consecutive trading days); or

              

      

       

      
        	 	
                (2)

              	
                if
                  such Equity Interests are not listed or admitted to trading on
                  any such
                  exchange, the average of the closing bid and asked prices thereof
                  in the
                  over-the-counter market as reported by the National Association
                  of
                  Securities Dealers Automated Quotation System or any successor
                  system, or
                  if not included therein, the average of the closing bid and asked
                  prices
                  thereof furnished by two members of the National Association of
                  Securities
                  Dealers selected reasonably and in good faith by the Board of Directors
                  for that purpose. In the absence of one or more such quotations,
                  the
                  Market Price for such Equity Interests shall be determined reasonably
                  and
                  in good faith by the Board of Directors.

              

      

       

      “Net
        Proceeds”
means
        the aggregate cash proceeds received by the Company or any of its Restricted
        Subsidiaries in respect of any Asset Sale, which amount is equal to the excess,
        if any, of: 

       

      
        	 	
                (1)

              	
                the
                  cash received by the Company or such Restricted Subsidiary (including
                  any
                  cash payments received by way of deferred payment pursuant to,
                  or
                  monetization of, a note or installment receivable or otherwise,
                  but only
                  as and when received) in connection with such disposition, over
                  

              

      

       

      
        	 	
                (2)

              	
                the
                  sum of: 

              

      

       

      
        	 	
                (i)

              	
                the
                  amount of any Indebtedness which is secured by such asset and which
                  is
                  required to be repaid in connection with the disposition thereof;
                  plus
                  

              

      

       

      
        	 	
                (ii)

              	
                the
                  reasonable out-of-pocket expenses incurred by the Company or such
                  Restricted Subsidiary, as the case may be, in connection with such
                  disposition or in connection with the transfer of such amount from
                  such
                  Restricted Subsidiary to the Company; plus

              

      

       

      
        	 	
                (iii)

              	
                provisions
                  for taxes, including income taxes, attributable to the disposition
                  of such
                  asset or attributable to required prepayments or repayments of
                  Indebtedness with the proceeds thereof;
                  plus

              

      

       

      
        	 	
                (iv)

              	
                if
                  the Company does not first receive a transfer of such amount from
                  the
                  relevant Restricted Subsidiary with respect to the disposition
                  of an asset
                  by such Restricted Subsidiary and such Restricted Subsidiary intends
                  to
                  make such transfer as soon as practicable, the out-of-pocket expenses
                  

              

      

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      and
        taxes
        that the Company reasonably estimates will be incurred by the Company or
        such
        Restricted Subsidiary in connection with such transfer at the time such transfer
        is expected to be received by the Company (including, without limitation,
        withholding taxes on the remittance of such amount). 

       

      “Notes”
has
        the
        meaning assigned to it in the preamble to this Fifth Supplemental Indenture.
        The
        Initial Notes and any Additional Notes shall be treated as a single class
        for
        all purposes under this Fifth Supplemental Indenture and the
        Indenture.

       

      “Obligations”
means
        any principal, interest (including post-petition interest, whether or not
        allowed as a claim in any proceeding), Additional Tax Amounts, penalties,
        fees,
        costs, expenses, indemnifications, reimbursements, damages and other liabilities
        payable under or in connection with any Indebtedness. 

       

      “Permitted
        Investments”
means:
        

       

      
        	 	
                (1)

              	
                any
                  Investments in the Company or in a Restricted Subsidiary (other
                  than an
                  Excluded Restricted Subsidiary) of the Company, including without
                  limitation the Guarantee of Indebtedness permitted under Section
                  2.6(b) of
                  the Fifth Supplemental Indenture (Section 4.9 of the Indenture);
                  

              

      

       

      
        	 	
                (2)

              	
                any
                  Investments in Cash Equivalents; 

              

      

       

      
        	 	
                (3)

              	
                Investments
                  by the Company or any Restricted Subsidiary of the Company in a
                  Person, if
                  as a result of such Investment; 

              

      

       

      
        	 	
                (i)

              	
                such
                  Person becomes a Restricted Subsidiary (other than an Excluded Restricted
                  Subsidiary) of the Company; or 

              

      

       

      
        	 	
                (ii)

              	
                such
                  Person is merged, consolidated or amalgamated with or into, or
                  transfers
                  or conveys substantially all of its assets to, or is liquidated
                  into, the
                  Company or a Restricted Subsidiary (other than an Excluded Restricted
                  Subsidiary) of the Company; 

              

      

       

      
        	 	
                (4)

              	
                Investments
                  in assets (including accounts and notes receivable) owned or used
                  in the
                  ordinary course of business; 

              

      

       

      
        	 	
                (5)

              	
                Investments
                  for any purpose related to the Company’s records and information
                  management business (including, without limitation, the Company’s
                  confidential destruction and fulfillment businesses) in an aggregate
                  outstanding amount not to exceed $10.0 million; and
                  

              

      

       

      
        	 	
                (6)

              	
                Investments
                  by the Company or a Restricted Subsidiary (other than an Excluded
                  Restricted Subsidiary) in one or more Excluded Restricted Subsidiaries,
                  the aggregate outstanding amount of which does not exceed 30% of
                  the
                  consolidated assets of the Company and its Restricted Subsidiaries
                  (and,
                  for the avoidance of doubt, Permitted Investments shall include
                  any
                  Investment by an Excluded Restricted Subsidiary in another Excluded
                  Restricted Subsidiary). 

              

      

       

      “Permitted
        Liens”
means:
        

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      
        	 	
                (1)

              	
                Liens
                  existing as of the date of issuance of the Notes;
                  

              

      

       

      
        	 	
                (2)

              	
                Liens
                  on property or assets of the Company or any Restricted Subsidiary
                  securing
                  Senior Debt; 

              

      

       

      
        	 	
                (3)

              	
                Liens
                  on any property or assets of a Restricted Subsidiary granted in
                  favor of
                  the Company or any Wholly Owned Restricted Subsidiary;
                  

              

      

       

      
        	 	
                (4)

              	
                Liens
                  securing the Notes or the Guarantees;

              

      

       

      
        	 	
                (5)

              	
                any
                  interest or title of a lessor under any Capital Lease Obligation
                  or Sale
                  and Leaseback Transaction so long as the Indebtedness, if any,
                  secured by
                  such Lien does not exceed the principal amount of Indebtedness
                  permitted
                  under Section 2.6(b) of the Fifth Supplemental Indenture (Section
                  4.9 of
                  the Indenture);

              

      

       

      
        	 	
                (6)

              	
                Liens
                  securing Acquired Debt created prior to (and not in connection
                  with or in
                  contemplation of) the incurrence of such Indebtedness by the Company
                  or
                  any Restricted Subsidiary; provided
                  that such Lien does not extend to any property or assets of the
                  Company or
                  any Restricted Subsidiary other than the assets acquired in connection
                  with the incurrence of such Acquired Debt;

              

      

       

      
        	 	
                (7)

              	
                Liens
                  securing Hedging Obligations permitted to be incurred pursuant
                  to
                  clause (7) of Section 2.6(b) of the Fifth Supplemental Indenture
                  (clause (7) of Section 4.9 of the
                  Indenture);

              

      

       

      
        	 	
                (8)

              	
                Liens
                  arising from purchase money mortgages and purchase money security
                  interests, or in respect of the construction of property or assets,
                  incurred in the ordinary course of the business of the Company
                  or a
                  Restricted Subsidiary; provided
                  that (i) the related Indebtedness is not secured by any property or
                  assets of the Company or any Restricted Subsidiary other than the
                  property
                  and assets so acquired or constructed and (ii) the Lien securing such
                  Indebtedness is created within 60 days of such acquisition or
                  construction; 

              

      

       

      
        	 	
                (9)

              	
                statutory
                  Liens or landlords’ and carriers’, warehousemen’s, mechanics’, suppliers’,
                  materialmen’s, repairmen’s or other like Liens arising in the ordinary
                  course of business and with respect to amounts not yet delinquent
                  or being
                  contested in good faith by appropriate proceedings, if a reserve
                  or other
                  appropriate provision, if any, as shall be required in conformity
                  with
                  GAAP shall have been made therefor;

              

      

       

      
        	 	
                (10)

              	
                Liens
                  for taxes, assessments, government charges or claims with respect
                  to
                  amounts not yet delinquent or that are being contested in good
                  faith by
                  appropriate proceedings diligently conducted, if a reserve or other
                  appropriate provision, if any, as is required in conformity with
                  GAAP has
                  been made therefor; 

              

      

       

      
        	 	
                (11)

              	
                Liens
                  incurred or deposits made to secure the performance of tenders,
                  bids,
                  leases, statutory obligations, surety and appeal bonds, government
                  contracts, performance bonds and other obligations of a like nature
                  incurred in the ordinary course of business (other than contracts
                  for the
                  payment of money); 

              

      

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      
        	 	
                (12)

              	
                easements,
                  rights-of-way, restrictions and other similar charges or encumbrances
                  not
                  interfering in any material respect with the business of the Company
                  or
                  any Restricted Subsidiary incurred in the ordinary course of business;
                  

              

      

       

      
        	 	
                (13)

              	
                Liens
                  arising by reason of any judgment, decree or order of any court
                  so long as
                  such Lien is adequately bonded and any appropriate legal proceedings
                  that
                  may have been duly initiated for the review of such judgment, decree
                  or
                  order shall not have been finally terminated or the period within
                  which
                  such proceedings may be initiated shall not have expired;
                  

              

      

       

      
        	 	
                (14)

              	
                Liens
                  arising under options or agreements to sell assets;
                  

              

      

       

      
        	 	
                (15)

              	
                other
                  Liens securing obligations incurred in the ordinary course of business,
                  which obligations do not exceed $10.0 million in the aggregate at any
                  one time outstanding; and 

              

      

       

      
        	 	
                (16)

              	
                any
                  extension, renewal or replacement, in whole or in part, of any
                  Lien
                  described in the foregoing clauses (1) through (15); provided
                  that any such extension, renewal or replacement shall not extend
                  to any
                  additional property or assets. 

              

      

       

      “Principal
        Stockholders”
means
        each of Vincent J. Ryan, Schooner Capital LLC, C. Richard Reese, Kent P.
        Dauten
        and their respective Affiliates. 

       

      “Qualified
        Equity Offering”
means
        an offering of Capital Stock, other than Disqualified Stock, of the Company
        for
        Dollars, whether registered or exempt from registration under the Securities
        Act. 

       

      “Qualified
        Issuer”
means:
        

       

      
        	 	
                (1)

              	
                any
                  lender party to the Credit Agreement; or

              

      

       

      
        	 	
                (2)

              	
                any
                  commercial bank: 

              

      

       

      
        	 	
                (i)

              	
                which
                  has capital and surplus in excess of $500,000,000; and
                  

              

      

       

      
        	 	
                (ii)

              	
                the
                  outstanding short-term debt securities of which are rated at least
                  A-2 by
                  Standard & Poor’s Rating Group, a division of The McGraw-Hill
                  Companies, Inc. or at least P-2 by Moody’s Investors Service, or
                  carry an equivalent rating by a nationally recognized rating agency
                  if
                  both of the two named rating agencies cease publishing ratings
                  of
                  investments. 

              

      

       

      “Qualifying
        Sale and Leaseback Transaction”
means
        any Sale and Leaseback Transaction between the Company or any of its Restricted
        Subsidiaries and any bank, insurance company or other lender or investor
        providing for the leasing to the Company or such Restricted Subsidiary of
        any
        property (real or personal) which has been or is to be sold or transferred
        by
        the Company or such Restricted Subsidiary to such lender or investor or to
        any
        Person to whom funds have been or are to be advanced by such lender or investor
        and where the property in question has been constructed or acquired after
        the
        date of the Fifth Supplemental Indenture. 

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

      “Refinancing
        Indebtedness”
means
        new Indebtedness incurred or given in exchange for, or the proceeds of which
        are
        used to repay, redeem, defease, extend, refinance, renew, replace or refund,
        other Indebtedness; provided,
        however,
        that:

       

      
        	 	
                (1)

              	
                the
                  principal amount of such new Indebtedness shall not exceed the
                  principal
                  amount of Indebtedness so repaid, redeemed, defeased, extended,
                  refinanced, renewed, replaced or refunded (plus the amount of fees,
                  premiums, consent fees, prepayment penalties and expenses incurred
                  in
                  connection therewith); 

              

      

       

      
        	 	
                (2)

              	
                such
                  Refinancing Indebtedness shall have a Weighted Average Life to
                  Maturity
                  equal to or greater than the Weighted Average Life to Maturity
                  of the
                  Indebtedness so repaid, redeemed, defeased, extended, refinanced,
                  renewed,
                  replaced or refunded or shall mature after the maturity date of
                  the Notes;
                  

              

      

       

      
        	 	
                (3)

              	
                to
                  the extent such Refinancing Indebtedness refinances Indebtedness
                  that has
                  a final maturity date occurring after the initial scheduled maturity
                  date
                  of the Notes, such new Indebtedness shall have a final scheduled
                  maturity
                  not earlier than the final scheduled maturity of the Indebtedness
                  so
                  repaid, redeemed, defeased, extended, refinanced, renewed, replaced
                  or
                  refunded and shall not permit redemption at the option of the holder
                  earlier than the earliest date of redemption at the option of the
                  holder
                  of the Indebtedness so repaid, redeemed, defeased, extended, refinanced,
                  renewed, replaced or refunded; 

              

      

       

      
        	 	
                (4)

              	
                to
                  the extent such Refinancing Indebtedness refinances Indebtedness
                  subordinate to the Notes, such Refinancing Indebtedness shall be
                  subordinated in right of payment to the Notes and to the extent
                  such
                  Refinancing Indebtedness refinances Notes or Indebtedness pari
                  passu
                  with the Notes, such Refinancing Indebtedness shall be pari
                  passu
                  with or subordinated in right of payment to the Notes, in each
                  case on
                  terms at least as favorable to the holders of Notes as those contained
                  in
                  the documentation governing the Indebtedness so repaid, redeemed,
                  defeased, extended, refinanced, renewed, replaced or refunded;
                  and
                  

              

      

       

      
        	 	
                (5)

              	
                with
                  respect to Refinancing Indebtedness incurred by a Restricted Subsidiary,
                  such Refinancing Indebtedness shall rank no more senior, and shall
                  be at
                  least as subordinated, in right of payment to the Subsidiary Guarantee
                  of
                  such Restricted Subsidiary as the Indebtedness being extended,
                  refinanced,
                  renewed, replaced or refunded. 

              

      

       

      “Restricted
        Subsidiary”
        means: 

       

      
        	 	
                (1)

              	
                each
                  direct or indirect Subsidiary of the Company existing on the date
                  of the
                  Fifth Supplemental Indenture (other than Subsidiaries of Iron Mountain
                  Global, Inc. (including Iron Mountain Europe Limited, Iron Mountain
                  Mexico, S.A. de R.L. de C.V. and their respective Subsidiaries,
                  but
                  excluding, in any event, Iron Mountain Cayman Ltd., Iron Mountain
                  (Gibraltar) Holdings Limited, Iron Mountain (Netherlands) B.V.
                  and Iron
                  Mountain Switzerland GmbH), Iron Mountain Assurance Corporation,
                  Mountain
                  West Palm Real Estate, Inc. and Upper Providence Venture I, L.P.);
                  and
                  

              

      

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      
        	 	
                (2)

              	
                any
                  other direct or indirect Subsidiary of the Company formed, acquired
                  or
                  existing after the date of the Fifth Supplemental Indenture (including
                  an
                  Excluded Restricted Subsidiary), 

              

      

       

      which,
        in
        the case of (1) or (2), is not designated by the Board of Directors as an
“Unrestricted Subsidiary.” 

       

      “Sale
        and Leaseback Transaction”
means
        any transaction or series of related transactions pursuant to which a Person
        sells or transfers any property or asset in connection with the leasing,
        or the
        resale against installment payments, of such property or asset to the seller
        or
        transferor. 

       

      “Senior
        Bank Debt”
means
        all Obligations outstanding under or in connection with the Credit Agreement
        (including Guarantees of such Obligations by Subsidiaries of the Company).
        

       

      “Senior
        Debt”
means:
        

       

      
        	 	
                (1)

              	
                the
                  Senior Bank Debt; and 

              

      

       

      
        	 	
                (2)

              	
                any
                  other Indebtedness permitted to be incurred by the Company or any
                  Restricted Subsidiary, as the case may be, under the terms of the
                  Fifth
                  Supplemental Indenture or the Indenture, unless the instrument
                  under which
                  such Indebtedness is incurred expressly provides that it is:
                  

              

      

       

      
        	 	
                (i)

              	
                on
                  a parity with or subordinated in right of payment to the Notes;
                  or
                  

              

      

       

      
        	 	
                (ii)

              	
                subordinated
                  to Senior Debt on terms substantially similar to those of the Notes.
                  

              

      

       

      Notwithstanding
        anything to the contrary in the foregoing, Senior Debt shall not include:
        

       

      
        	 	
                (1)

              	
                any
                  liability for federal, state, local or other taxes owed or owing
                  by the
                  Company; 

              

      

       

      
        	 	
                (2)

              	
                any
                  Indebtedness of the Company to any of its Subsidiaries or other
                  Affiliates; 

              

      

       

      
        	 	
                (3)

              	
                any
                  trade payables; or 

              

      

       

      
        	 	
                (4)

              	
                any
                  Indebtedness that is incurred in violation of the Fifth Supplemental
                  Indenture or the Indenture, provided
                  that such Indebtedness shall be deemed not to have been incurred
                  in
                  violation of the Fifth Supplemental Indenture or the Indenture
                  for
                  purposes of this clause (4) if, in the case of any obligations under
                  the Credit Agreement, the holders of such obligations or their
                  agent or
                  representative shall have received a representation from the Company
                  to
                  the effect that the incurrence of such Indebtedness does not violate
                  the
                  provisions of the Fifth Supplemental Indenture or the Indenture.
                  

              

      

       

      “Tax”
means
        any tax, duty, levy, impost, assessment, withholding or other governmental
        charge (including penalties and interest related thereto). “Taxes” and
“Taxation”
shall
        be construed to have corresponding meanings.

       

      “Unrestricted
        Subsidiary”
means:
        

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      
        	 	
                (1)

              	
                any
                  Subsidiary that is designated by the Board of Directors as an Unrestricted
                  Subsidiary in accordance with Section 2.6(h) of the Fifth Supplemental
                  Indenture (Section 4.15 of the Indenture); and

              

      

       

      
        	 	
                (2)

              	
                any
                  Subsidiary of an Unrestricted Subsidiary.

              

      

       

      As
        of the
        date hereof, the following Subsidiaries of the Company have been designated
        as
        Unrestricted Subsidiaries: Subsidiaries of Iron Mountain Global, Inc.
        (including Iron Mountain Europe Limited, Iron Mountain Mexico, S.A. de R.L.
        de
        C.V. and their respective Subsidiaries but excluding, in any event, Iron
        Mountain Cayman Ltd., Iron Mountain (Gibraltar) Holdings Limited, Iron Mountain
        (Netherlands) B.V. and Iron Mountain Switzerland GmbH), Iron Mountain Assurance
        Corporation, Mountain West Palm Real Estate, Inc. and Upper Providence
        Venture I, L.P.

       

      “Voting
        Stock”
means
        any class or classes of Capital Stock pursuant to which the holders thereof
        have
        the general voting power under ordinary circumstances to elect at least a
        majority of the board of directors, managers or trustees of any Person
        (irrespective of whether or not, at the time, stock of any other class or
        classes has, or might have, voting power by reason of the happening of any
        contingency). 

       

      “Weighted
        Average
        Life
        to Maturity”
means,
        when applied to any Indebtedness at any date, the number of years obtained
        by
        dividing: 

       

      
        	 	
                (1)

              	
                the
                  sum of the products obtained by multiplying (x) the amount of each
                  then remaining installment, sinking fund, serial maturity or other
                  required payment of principal, including payment at final maturity,
                  in
                  respect thereof, by (y) the number of years (calculated to the
                  nearest one-twelfth) that will elapse between such date and the
                  making of
                  such payment, by 

              

      

       

      
        	 	
                (2)

              	
                the
                  then outstanding principal amount of such Indebtedness.
                  

              

      

       

      “Wholly
        Owned Restricted Subsidiary”
means
        any Restricted Subsidiary of the Company all of the outstanding Capital Stock
        or
        other ownership interests of which (other than directors’ qualifying shares)
        shall at the time be owned by the Company or by one or more Wholly Owned
        Restricted Subsidiaries of the Company.

       

      “1996
        Indenture Date”
means
        October 1, 1996.

       

      “1999
        Indenture Date”
means
        April 26, 1999.

       

      “63⁄4%
        Notes”
means
        the Company’s 63⁄4% Senior
        Subordinated Notes due 2018 issued pursuant to the Indenture.

       

      “65⁄8%
        Notes”
means
        the Company’s 65⁄8% Senior
        Subordinated Notes due 2016 issued pursuant to the Indenture.

       

      “71⁄4%
        Notes”
means
        the Company’s 71⁄4% GBP
        Senior Subordinated Notes due 2014 issued pursuant to the
        Indenture.

       

      “73⁄4%
        Notes”
means
        the Company’s 73⁄4% Senior Subordinated Notes due 2015 issued pursuant to the
        Indenture.

       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

      “8%
        Notes”
means
        the Company’s 8% Senior
        Subordinated Notes due 2018 issued pursuant to the Indenture.

       

      “83⁄4%
        Notes”
means
        the Company’s 83⁄4%
        Senior
        Subordinated Notes due 2018 issued pursuant to the Indenture.

       

      “85⁄8%
        Notes”
means
        the Company’s Senior Subordinated Notes due 2013 issued pursuant to the
        indenture dated April 3, 2001, by and among the Company, certain of its
        subsidiaries and the Trustee.

       

      (b)
         Other
        Definitions.

       

      The
        definitions of the following terms may be found in the Sections indicated
        as
        follows:

       

      
        	
                Term

                 

              	
                Defined
                  in Section

                 

              
	 	 
	
                “Additional
                  Tax Amounts”

              	
                2.6(m)

              
	
                “Affiliate
                  Transaction”

              	
                2.6(e)

              
	
                “Asset
                  Sale”

              	
                2.6(j)

              
	
                “Asset
                  Sale Offer”

              	
                2.6(j)

              
	
                “Change
                  of Control Offer”

              	
                2.6(k)

              
	
                “Change
                  of Control Payment”

              	
                2.6(k)

              
	
                “Change
                  of Control Payment Date”

              	
                2.6(k)

              
	
                “Code”

              	
                2.6(m)

              
	
                “Commencement
                  Date”

              	
                2.6(j)

              
	
                “Company”

              	
                Preamble

              
	
                “Excess
                  Proceeds”

              	
                2.6(j)

              
	
                “Fifth
                  Supplemental Indenture”

              	
                Preamble

              
	
                “Indenture”

              	
                Recitals

              
	
                “Offer
                  Amount”

              	
                2.5

              
	
                “Offer
                  Period”

              	
                2.5

              
	
                “Participants”

              	
                2.1(c)

              
	
                “Previously
                  Issued Notes”

              	
                2.13

              
	
                “Purchase
                  Date”

              	
                2.5

              
	
                “Required
                  Consent”

              	
                2.13

              
	
                “Restricted
                  Payments”

              	
                2.6(a)

              
	
                “Tax
                  Authority

              	
                2.6(m)

              
	
                “Tax
                  Redemption Date”

              	
                2.5

              
	
                “Trustee”

              	
                Preamble

              

      

      

      ARTICLE
        2.

       

      FORM
        AND TERMS OF THE NOTES

       

      Section
        2.1. Form
        and Dating. (a)
        General.
        The
        Notes and the Trustee’s certificate of authentication shall be substantially in
        the form of Exhibit A attached hereto. The Notes may have notations, legends
        or
        endorsements required by law, stock exchange rule or usage. Each Note shall
        be
        dated the date of its authentication. The Notes shall be in denominations
        of
€50,000 and integral multiples thereof.

       

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

      The
        terms and provisions contained in the Notes shall constitute, and are hereby
        expressly made, a part of the Fifth Supplemental Indenture and the Indenture
        and
        the Company, the Guarantors and the Trustee, by their execution and delivery
        of
        the Fifth Supplemental Indenture and the Indenture (or in the case of any
        Guarantor that becomes such after the date hereof, a supplemental indenture
        pursuant to Section 2.6(g) of this Fifth Supplemental Indenture (Section
        4.14 of
        the Indenture)), expressly agree to such terms and provisions and to be bound
        thereby. However, to the extent any provision of any Note conflicts with
        the
        express provisions of the Indenture (as supplemented by this Fifth Supplemental
        Indenture), the provisions of the Indenture shall govern and be
        controlling.

       

      (b) Global
        Note.
        Notes
        shall be issued initially in the form of a Global Note, in fully registered
        form
        without interest coupons, which shall be deposited on behalf of the purchasers
        of the Notes represented thereby with the Depository, and registered in the
        name
        of the Depository or a nominee of the Depository, duly executed by the Company
        and authenticated by the Trustee as hereinafter provided. The aggregate
        principal amount of the Global Note may from time to time be increased or
        decreased by adjustments made on the records of the Trustee and the Depository
        or its nominee as hereinafter provided.

       

      The
        Global Note shall represent such of the outstanding Notes as shall be specified
        therein and shall provide that it represents the aggregate principal amount
        of
        outstanding Notes from time to time endorsed thereon and that the aggregate
        amount of outstanding Notes represented thereby may from time to time be
        reduced
        or increased, as appropriate, to reflect exchanges and redemptions. Any
        endorsement of the Global Note to reflect the amount of any increase or decrease
        in the aggregate principal amount of outstanding Notes represented thereby
        shall
        be made by the Trustee or the Service Agent, at the direction of the Trustee,
        in
        accordance with instructions given by the Holder thereof as required by Section
        2.4 hereof.

       

      (c) Book-Entry
        Provisions.
        This
        Section 2.1(c) shall apply only to the Global Note deposited with the Common
        Depository on behalf of the Depository.

       

      The
        Company shall execute and the Trustee shall, in accordance with this Section
        2.1(c), authenticate and deliver the Global Note that (i) shall be registered
        in
        the name of the Depository or the nominee of the Depository and (ii) shall
        be delivered by the Trustee to the Depository or pursuant to the Depository’s
        instructions or held by the Service Agent.

       

      Agent
        Members shall have no rights either under the Fifth Supplemental Indenture
        or
        the Indenture with respect to the Global Note held on their behalf by the
        Depository or by the Service Agent or under the Global Note, and the Depository
        may be treated by the Company, the Trustee and any agent of the Company or
        the
        Trustee as the absolute owner of the Global Note for all purposes
        whatsoever.

       

      Ownership
        of beneficial interests in each Global Note will be limited to persons who
        have
        accounts with Euroclear and/or Clearstream (the “Participants”),
        or
        persons who hold interests through Participants.

       

      (d) Definitive
        Notes.
        Notes
        issued in certificated form shall be substantially in the form of Exhibit
        A
        attached hereto (but without including the text referred to in Section 2.15.3
        of
        the Indenture). Except as provided in Section 2.4, owners of beneficial
        interests in the Global Note shall not be entitled to receive physical delivery
        of Definitive Notes.

       

      Section
        2.2. Execution
        and Authentication.

       

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

      The
        Trustee shall, upon a written order of the Company signed by an Officer,
        authenticate up to €225,000,000 aggregate principal amount of Initial Notes and
        such amount of Additional Notes as the Company may issue from time to
        time.

       

      Section
        2.3. Depository
        and Paying Agent for Notes.

       

      The
        Company initially appoints The Bank of New York, London Branch, as Common
        Depository for Euroclear and Clearstream, to act as Common Depository with
        respect to the Global Note. The Company initially appoints the Trustee to
        act as
        the Registrar, Paying Agent and Service Agent with respect to the Global
        Note.
        The Company shall also appoint and maintain one or more additional Paying
        Agents
        in Luxembourg, for so long as the Notes are listed on the Official List of
        the
        Luxembourg Stock Exchange and eligible for trading on the Euro MTF market
        of
        that exchange and the rules of that exchange so require, which paying agent
        shall initially be The Bank of New York (Luxembourg) S.A. If, after the issue
        date of the Notes, the existing Paying Agents become obliged to withhold
        or
        deduct tax in connection with any payment made in relation to the Notes,
        the
        Company shall also appoint and maintain a Paying Agent in another member
        state
        of the European Union, including any country which becomes a member of the
        European Union after the date of the Fifth Supplemental Indenture, where
        a
        Paying Agent would not be obliged to withhold or deduct such tax. 

       

      Section
        2.4. Transfer
        and Exchange of Notes.

       

      (a) Transfer
        and Exchange of Global Note.
        The
        transfer and exchange of beneficial interests in the Global Note shall be
        effected through Euroclear and Clearstream, in accordance with the Fifth
        Supplemental Indenture and the Indenture and the procedures of Euroclear
        and
        Clearstream therefor. Beneficial interests in the Global Note may be transferred
        to Persons who take delivery thereof in the form of a beneficial interest
        in the
        Global Note.

       

      (b)
         Transfer
        and Exchange of Definitive Notes.
        When
        Definitive Notes are presented by a Holder to the Registrar with a
        request:

       

      
        	 	
                (x)

              	
                to
                  register the transfer of the Definitive Notes;
                  or

              

      

       

      
        	 	
                (y)

              	
                to
                  exchange such Definitive Notes for an equal principal amount of
                  Definitive
                  Notes of other authorized denominations, the Registrar shall register
                  the
                  transfer or make the exchange as requested if its requirements
                  for such
                  transactions are met; provided,
                  however,
                  that the Definitive Notes presented or surrendered for register
                  of
                  transfer or exchange shall be duly endorsed or accompanied by a
                  written
                  instruction of transfer in form satisfactory to the Registrar duly
                  executed by such Holder or by his attorney, duly authorized in
                  writing.

              

      

       

      (c)
         Restrictions
        on Transfer and Exchange of Global Note.
        Notwithstanding any other provision of the Fifth Supplemental Indenture or
        the
        Indenture (other than the provisions set forth in subsection (d) of this
        Section
        2.4), the Global Note may not be transferred as a whole except by the Common
        Depository to a nominee of the Common Depository, by a nominee of the Common
        Depository to the Common Depository or to another nominee of the Common
        Depository, or by the Common Depository or any such nominee to a successor
        Depository or a nominee of such successor Depository.

       

      (d)
         Authentication
        of Definitive Notes in Absence of Depository.
        If at
        any time:

       

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

      
        	 	
                (i)

              	
                Euroclear
                  and Clearstream notify the Company that each is unwilling or unable
                  to
                  continue as Depository for the Global Note and a successor Depository
                  for
                  the Global Note is not appointed by the Company within 120 days
                  after
                  delivery of such notice; or

              

      

       

      
        	 	
                (ii)

              	
                a
                  Default under the Indenture has occurred and is
                  continuing,

              

      

       

      
        	 	
                (iii)

              	
                the
                  Company, in its sole discretion, notifies the Trustee that the
                  Company
                  elects to cause the issuance of Definitive Notes,
                  or

              

      

       

      
        	 	
                (iv)

              	
                certain
                  other events provided in the Indenture
                  occur,

              

      

       

      then
        the
        Company shall execute, and the Trustee shall, upon receipt of an authentication
        order in accordance with Section 2.2 hereof, authenticate and deliver,
        Definitive Notes to each person Euroclear or Clearstream identifies as a
        beneficial owner of the related Notes in an aggregate principal amount equal
        to
        the principal amount of the Global Note in exchange for the Global
        Note.

       

      (e)
         Cancellation
        and/or Adjustment of the Global Note.
        At such
        time as all beneficial interests in a particular Global Note have been exchanged
        for Definitive Notes or a particular Global Note has been redeemed, repurchased
        or canceled in whole and not in part, each such Global Note shall be returned
        to
        or retained and canceled by the Trustee in accordance with Section 2.12 of
        the
        Indenture. At any time prior to such cancellation, if any beneficial interest
        in
        the Global Note is exchanged for or transferred to a Person who will take
        delivery thereof in the form of Definitive Notes, the principal amount of
        Notes
        represented by the Global Note shall be reduced accordingly and an endorsement
        shall be made on the Global Note by the Trustee or by the Depository at the
        direction of the Trustee to reflect such reduction; and if the beneficial
        interest is being exchanged for or transferred to a Person who will take
        delivery thereof in the form of a beneficial interest in the Global Note,
        the
        Global Note shall be increased accordingly and an endorsement shall be made
        on
        the Global Note by the Trustee or by the Depository at the direction of the
        Trustee to reflect such increase. 

       

      (f)
         General
        Provisions Relating to Transfers and Exchanges.

       

      
        	 	
                (i)

              	
                To
                  permit registrations of transfers and exchanges, the Company shall
                  execute
                  and the Trustee shall authenticate Global Notes and Definitive
                  Notes upon
                  receipt of an Authentication Order in accordance with Section 2.2
                  hereof
                  or at the Registrar’s request.

              

      

       

      
        	 	
                (ii)

              	
                No
                  service charge shall be made to a Holder of a Global Note or to
                  a Holder
                  of a Definitive Note for any registration of transfer or exchange,
                  but the
                  Company may require payment of a sum sufficient to cover any transfer
                  tax
                  or similar governmental charge payable in connection therewith
                  (other than
                  any such transfer taxes or similar governmental charge payable
                  upon
                  exchange or transfer pursuant to Section 2.4
                  hereof).

              

      

       

      
        	 	
                (iii)

              	
                All
                  Global Notes and Definitive Notes issued upon any registration
                  of transfer
                  or exchange of Global Notes or Definitive Notes shall be the valid
                  obligations of the Company, evidencing the same debt, and entitled
                  to the
                  same benefits under the Fifth Supplemental Indenture and the Indenture,
                  as
                  the Global Notes or Definitive Notes surrendered upon such registration
                  of
                  transfer or exchange.

              

      

       

      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

      

      
        	 	
                (iv)

              	
                The
                  Company shall not be required to register the transfer of or to
                  exchange a
                  Note between a record date and the next succeeding interest payment
                  date.

              

      

       

      
        	 	
                (iv)

              	
                Prior
                  to due presentment for the registration of a transfer of any Note,
                  the
                  Trustee, any Agent, the Company and any Guarantor may deem and
                  treat the
                  Person in whose name any Note is registered as the absolute owner
                  of such
                  Note for all purposes, including receiving payment of principal
                  of and
                  interest on such Notes, and neither the Trustee, any Agent, the
                  Company
                  nor any Guarantor shall be affected by notice to the
                  contrary.

              

      

       

      
        	 	
                (v)

              	
                The
                  Trustee shall authenticate Definitive Notes and the Global Notes
                  in
                  accordance with the provisions of Section 2.2 hereof
                  and Section 2.3 of the Indenture.

              

      

       

      
        	 	
                (vi)

              	
                All
                  certifications, certificates and Opinions of Counsel required to
                  be
                  submitted to the Registrar pursuant to this Section 2.4 to effect
                  a
                  registration of transfer or exchange may be submitted by
                  facsimile.

              

      

       

      Section
        2.5. Redemption.

       

      With
        respect to the Notes issued under this Fifth Supplemental Indenture, the
        following Sections supplement Article III of the Indenture:

       

      §
        3.7. Optional
        Redemption.

       

      Prior
        to
        October 15, 2011, the Notes shall be subject to redemption at any time at
        the
        option of the Company, in whole or in part, upon not less than 10 nor more
        than
        60 days’ notice, at the Euro Make-Whole Price, plus accrued and unpaid
        interest and Additional Tax Amounts, if any, to but excluding the applicable
        redemption date. On and after October 15, 2011, the Notes shall be subject
        to
        redemption at any time at the option of the Company, in whole or in part,
        upon
        not less than 10 nor more than 60 days’ notice, at the redemption price
        (expressed as percentages of principal amount) set forth below, plus accrued
        and
        unpaid interest and Additional Tax Amounts, if any, to but excluding the
        applicable redemption date, if redeemed during the 12-month period beginning
        on
        October 15 of the years indicated below: 

       

      
        	 	
                Year

              	
                Percentage

              	 
	 	 	 	 
	 	
                2011

              	
                103.375%

              	 
	 	
                2012

              	
                102.250%

              	 
	 	
                2013

              	
                101.125%

              	 
	 	
                2014
                  and thereafter

              	
                100.000%

              	 
	 	 	 	 

      

      

      Notwithstanding
        the foregoing, at any time prior to October 15, 2009 the Company may on any
        one
        or more occasions redeem the Notes at a redemption price of 106.750% of the
        principal amount thereof, plus accrued and unpaid interest, and Additional
        Tax
        Amounts, if any, to the redemption date, with the net cash proceeds of one
        or
        more Qualified Equity Offerings; provided
        that:

       

      
        	 	
                (1)

              	
                at
                  least €50.0 million in the aggregate principal amount of the Notes
                  (including any Additional Notes) issued under the Indenture remains
                  outstanding immediately

              

      

       

      
        
          
          

        

        
          20

          
            

          

        

        
          
          

        

      

      after
        the
        occurrence of such redemption (excluding Notes held by the Company and the
        Company’s Subsidiaries); and 

       

      
        	 	
                (2)

              	
                the
                  redemption must occur within six months of the date of the closing
                  of any
                  such Qualified Equity Offering.

              

      

       

      §
3.8.
        Redemption
        for Changes in Withholding Taxes.

       

      The
        Company may redeem the Notes, in whole but not in part, at its discretion
        at any
        time upon giving not less than 10 nor more than 60 days’ prior notice to
        the Holders (which notice shall be irrevocable and given in accordance with
        the
        procedures described in Section 10.2 of the Indenture), at a redemption price
        equal to the principal amount thereof, together with accrued and unpaid
        interest, if any, to the date fixed by the Company for redemption, (the “Tax
        Redemption Date”), and all Additional Tax Amounts (if any) then due and which
        will become due on the Tax Redemption Date as a result of the redemption
        or
        otherwise (and in the case of Definitive Notes, subject to the right of Holders
        on the relevant record date to receive interest due on the relevant interest
        payment date and Additional Tax Amounts (if any) in respect thereof), if
        on the
        next date on which any amount would be payable in respect of the Notes, the
        Company has or would be required to pay Additional Tax Amounts, and the Company
        cannot avoid any such payment obligation taking reasonable measures available,
        as a result of:

       

      (a) any
        change in, or amendment to, the laws or treaties (or any regulations, or
        rulings
        promulgated thereunder) of the relevant Tax Authority affecting taxation
        which
        becomes effective on or after January 19, 2007 (or, if the relevant Tax
        Authority has changed since January 19, 2007, the date on which the then
        current
        Tax Authority became the applicable Tax Authority under the Indenture);
        or

       

      (b) any
        change in, or amendment to, the existing official position or the introduction
        of an official position regarding the application, administration or
        interpretation of such laws, treaties, regulations or rulings (including
        a
        holding, judgment or order by a court of competent jurisdiction or a change
        in
        published practice), and becomes effective on or after January 19, 2007 (or,
        if
        the relevant Tax Authority has changed since January 19, 2007, the date on
        which
        the then current Tax Authority became the applicable Tax Authority under
        the
        Indenture).

       

      The
        Company shall not give any such notice of redemption earlier than 90 days
        prior to the earliest date on which the Company would be obligated to make
        such
        payment or withholding if a payment in respect of the Notes were then due.
        Prior
        to the publication or, where relevant, mailing of any notice of redemption
        of
        the Notes pursuant to the foregoing, the Company shall deliver to the Trustee
        (a) an Officers’ Certificate to the effect that the Company cannot avoid
        such obligation to pay Additional Tax Amounts by taking reasonable measures
        available to it and (b) an Opinion of Counsel to the effect that the
        Company will be obligated to pay Additional Tax Amounts as a result of an
        event
        described above.

       

      
        §
          3.9. Mandatory
          Redemption.

         

        The
          Company shall not be required to make mandatory redemption payments or
          sinking
          fund payments with respect to the Notes.

         

        §
3.10
          Asset
          Sale Offers.

         

      

      In
        the event that the Company shall commence an Asset Sale Offer pursuant to
        Section 4.17 hereof, it shall follow the procedures specified
        below:

       

      
        
          
          

        

        
          21

          
            

          

        

        
          
          

        

      

      The
        Asset Sale Offer shall remain open for 20 Business Days after the Commencement
        Date relating to such Asset Sale Offer, except to the extent required to
        be
        extended by applicable law (as so extended, the “Offer Period”). No later than
        one Business Day after the termination of the Offer Period (the “Purchase
        Date”), the Company shall purchase the principal amount (the “Offer Amount”) of
        Notes required to be purchased in such Asset Sale Offer pursuant to Sections
        3.2
        and 4.17 hereof or, if less than the Offer Amount has been tendered, all
        Notes
        tendered in response to the Asset Sale Offer. 

       

      If
        the Purchase Date is on or after an interest payment record date and on or
        before the related interest payment date, any interest accrued to such Purchase
        Date shall be paid to the Person in whose name a Note is registered at the
        close
        of business on such record date, and no additional interest shall be payable
        to
        Holders who tender Notes pursuant to the Asset Sale Offer.

       

      On
        the Commencement Date of any Asset Sale Offer, the Company shall send or
        cause
        to be sent, by first class mail, a notice to each of the Holders, with a
        copy to
        the Trustee. Such notice, which shall govern the terms of the Asset Sale
        Offer,
        shall contain all instructions and materials necessary to enable the Holders
        to
        tender Notes pursuant to the Asset Sale Offer and shall state:

       

      
        	 	
                (1)

              	
                that
                  the Asset Sale Offer is being made pursuant to this Section 3.10
                  and
                  Section 4.17 hereof and the length of time the Asset Sale Offer
                  shall
                  remain open;

              

      

       

      
        	 	
                (2)

              	
                the
                  Offer Amount, the purchase price and the Purchase
                  Date;

              

      

       

      
        	 	
                (3)

              	
                that
                  any Note not tendered or accepted for payment shall continue to
                  accrue
                  interest;

              

      

       

      
        	 	
                (4)

              	
                that,
                  unless the Company defaults in the payment of the purchase price,
                  any Note
                  accepted for payment pursuant to the Asset Sale Offer shall cease
                  to
                  accrue interest after the Purchase
                  Date;

              

      

       

      
        	 	
                (5)

              	
                that
                  Holders electing to have a Note purchased pursuant to any Asset
                  Sale Offer
                  shall be required to surrender the Note, with the form entitled
“Option of
                  Holder to Elect Purchase” on the reverse of the Note completed, to the
                  Company, a Depository, if appointed by the Company, or a Paying
                  Agent at
                  the address specified in the notice prior to the close of business
                  on the
                  Business Day preceding the Purchase
                  Date;

              

      

       

      
        	 	
                (6)

              	
                that
                  Holders shall be entitled to withdraw their election if the Company,
                  Depository or Paying Agent, as the case may be, receives, not later
                  than
                  the close of business on the Business Day preceding the termination
                  of the
                  Offer Period, a facsimile transmission or letter setting forth
                  the name of
                  the Holder, the principal amount of the Note the Holder delivered
                  for
                  purchase and a statement that such Holder is withdrawing such Holder’s
                  election to have the Note
                  purchased;

              

      

       

      
        	 	
                (7)

              	
                that,
                  if the aggregate principal amount of Notes surrendered by Holders
                  exceeds
                  the Offer Amount, the Trustee shall select the Notes to be purchased
                  on a
                  pro
                  rata
                  basis (with such adjustments as may be deemed to be appropriate
                  by the
                  Company so that only Notes in denominations of €50,000, or integral
                  multiples thereof, shall be purchased);
                  and

              

      

       

      
        	 	
                (8)

              	
                that
                  Holders whose Notes were purchased only in part shall be issued
                  new Notes
                  equal in principal amount to the unpurchased portion of the Notes
                  surrendered.

              

      

       

      
        
          
          

        

        
          22

          
            

          

        

        
          
          

        

      

      On
        or before 12:00 noon on each Purchase Date, the Company shall irrevocably
        deposit with the Trustee or Paying Agent in immediately available funds the
        aggregate purchase price with respect to a principal amount of Notes equal
        to
        the Offer Amount, together with accrued interest thereon, to be held for
        payment
        in accordance with the terms of this Section 3.10. On the Purchase Date,
        the
        Company shall, to the extent lawful, (i) accept for payment, on a pro
        rata
        basis to
        the extent necessary, an aggregate principal amount equal to the Offer Amount
        of
        Notes and other notes (in accordance with the terms of Section 4.17 of the
        Indenture) tendered pursuant to the Asset Sale Offer, or if less than the
        Offer
        Amount has been tendered, all Notes and such other notes or portions thereof
        tendered, (ii) deliver or cause the Paying Agent or Depository, as the case
        may
        be, to deliver to the Trustee Notes so accepted and (iii) deliver to the
        Trustee
        an Officers’ Certificate stating that such Notes or portions thereof were
        accepted for payment by the Company in accordance with the terms of this
        Section
        3.10. The Company, Depository or Paying Agent, as the case may be, shall
        promptly (but in any case not later than three Business Days after the Purchase
        Date) mail or deliver to each tendering Holder an amount equal to the purchase
        price with respect to the Notes tendered by such Holder and accepted by the
        Company for purchase, and the Company shall promptly issue a new Note, and
        the
        Trustee shall authenticate and mail or deliver such new Note, to such Holder,
        equal in principal amount to any unpurchased portion of such Holder’s Notes
        surrendered. Any Note not accepted in the Asset Sale Offer shall be promptly
        mailed or delivered by the Company to the Holder thereof. The Company shall
        publicly announce in a newspaper of general circulation the results of the
        Asset
        Sale Offer on the Purchase Date.

       

      The
        Asset
        Sale Offer shall be made by the Company in compliance with all applicable
        laws,
        including, without limitation, Regulation 14E of the Exchange Act and the
        rules
        thereunder, to the extent applicable, and all other applicable federal and
        state
        securities laws.

       

      Each
        purchase pursuant to this Section 3.10 shall be made pursuant to the provisions
        of Sections 3.1 through 3.6 hereof to the extent applicable.

       

      In
        the
        event the amount of Excess Proceeds to be applied to an Asset Sale Offer
        would
        result in the purchase of a principal amount of Notes which is not evenly
        divisible by €50,000, the Trustee shall promptly refund to the Company the
        portion of such Excess Proceeds that is not necessary to purchase the
        immediately lesser principal amount of Notes that is so divisible. 

       

      Section
        2.6. Additional
        Covenants.

       

      With
        respect to the Notes issued under this Fifth Supplemental Indenture, Sections
        2.6(a) through 2.6(n) are added to Article IV of the Indenture.

       

      (a)
         Restricted
        Payments.

       

      §4.8.
        Restricted
        Payments.
        The
        Company shall not, and shall not permit any of its Restricted Subsidiaries
        to,
        directly or indirectly: 

       

      
        	 	
                (1)

              	
                declare
                  or pay any dividend or make any distribution on account of the
                  Company’s
                  or any of its Restricted Subsidiaries’ Equity Interests (other than
                  dividends or distributions payable in Equity Interests (other than
                  Disqualified Stock) of the Company or such Restricted Subsidiary
                  or
                  dividends or distributions payable to the Company or any Restricted
                  Subsidiary); 

              

      

       

      
        	 	
                (2)

              	
                purchase,
                  redeem or otherwise acquire or retire for value any Equity Interests
                  of
                  the Company or any Restricted Subsidiary or other Affiliate of
                  the Company
                  (other 

              

      

       

      
        
          
          

        

        
          23

          
            

          

        

        
          
          

        

      

      than
        any
        such Eqsuity Interests owned by the Company or any Restricted Subsidiary);
        

       

      
        	 	
                (3)

              	
                purchase,
                  redeem or otherwise acquire or retire prior to scheduled maturity
                  for
                  value any Indebtedness that is subordinated in right of payment
                  to the
                  Notes; or 

              

      

       

      
        	 	
                (4)

              	
                make
                  any Investment other than a Permitted Investment (all such payments
                  and
                  other actions set forth in clauses (1) through (4) above being
                  collectively referred to as “Restricted Payments”);
                  

              

      

       

      unless,
        at the time of such Restricted Payment:

       

      
        	 	
                (i)

              	
                no
                  Default or Event of Default shall have occurred and be continuing
                  or would
                  occur as a consequence thereof; and

              

      

       

      
        	 	
                (ii)

              	
                the
                  Company would, at the time of such Restricted Payment and after
                  giving pro
                  forma effect thereto, have been permitted to incur at least $1.00
                  of
                  additional Indebtedness pursuant to the test set forth in the first
                  paragraph of Section 4.9 of the Indenture; and

              

      

       

      
        	 	
                (iii)

              	
                such
                  Restricted Payment, together with the aggregate of all other Restricted
                  Payments made by the Company and its Restricted Subsidiaries after
                  the
                  1996 Indenture Date is less than (x) the cumulative EBITDA of the
                  Company, minus 1.75 times the cumulative Consolidated Interest
                  Expense of
                  the Company, in each case for the period (taken as one accounting
                  period)
                  from June 30, 1996, to the end of the Company’s most recently ended
                  fiscal quarter for which internal financial statements are available
                  at
                  the time of such Restricted Payment, plus (y) the aggregate net
                  Equity Proceeds received by the Company from the issuance or sale
                  since
                  the 1996 Indenture Date of Equity Interests of the Company or of
                  debt
                  securities of the Company that have been converted into such Equity
                  Interests (other than Equity Interests or convertible debt securities
                  sold
                  to a Restricted Subsidiary of the Company and other than Disqualified
                  Stock or debt securities that have been converted into Disqualified
                  Stock), plus (z) $2.0 million.

              

      

       

      The
        foregoing provisions will not prohibit: 

       

      
        	 	
                (1)

              	
                the
                  payment of any dividend within 60 days after the date of declaration
                  thereof, if at said date of declaration such payment would have
                  complied
                  with the provisions of the Indenture;

              

      

       

      
        	 	
                (2)

              	
                the
                  redemption, repurchase, retirement or other acquisition or retirement
                  for
                  value of any Equity Interests of the Company in exchange for, or
                  with the
                  net cash proceeds of, the substantially concurrent sale (other
                  than to a
                  Restricted Subsidiary of the Company) of other Equity Interests
                  of the
                  Company (other than any Disqualified Stock);

              

      

       

      
        	 	
                (3)

              	
                the
                  defeasance, redemption, repurchase, retirement or other acquisition
                  or
                  retirement for value of Indebtedness that is subordinated in right
                  of
                  payment to the Notes in exchange for, or with the net cash proceeds
                  of, a
                  substantially 

              

      

       

      
        
          
          

        

        
          24

          
            

          

        

        
          
          

        

      

      concurrent
        issuance and sale (other than to a Restricted Subsidiary of the Company)
        of
        Equity Interests of the Company (other than Disqualified Stock); 

       

      
        	 	
                (4)

              	
                the
                  defeasance, redemption, repurchase, retirement or other acquisition
                  or
                  retirement for value of Indebtedness that is subordinated in right
                  of
                  payment to the Notes in exchange for, or with the net cash proceeds
                  of, a
                  substantially concurrent issue and sale (other than to the Company
                  or any
                  of its Restricted Subsidiaries) of Refinancing Indebtedness;
                  

              

      

       

      
        	 	
                (5)

              	
                the
                  repurchase of any Indebtedness subordinated in right of payment
                  to the
                  Notes at a purchase price not greater than 101% of the principal
                  amount of
                  such Indebtedness in the event of a Change of Control in accordance
                  with
                  provisions similar to the covenant set forth in Section 4.18 of
                  the
                  Indenture, provided that prior to or contemporaneously with such
                  repurchase the Company has made the Change of Control Offer as
                  provided in
                  such covenant with respect to the Notes and has repurchased all
                  Notes
                  validly tendered for payment in connection with such Change of
                  Control
                  Offer; and 

              

      

       

      
        	 	
                (6)

              	
                additional
                  payments to current or former employees or directors of the Company
                  for
                  repurchases of stock, stock options or other equity interests,
                  provided
                  that the aggregate amount of all such payments under this clause (6)
                  does not exceed $0.5 million in any year and $2.0 million in the
                  aggregate. 

              

      

       

      The
        Restricted Payments described in clauses (2), (3), (5) and (6) of the
        immediately preceding paragraph shall be Restricted Payments that shall be
        permitted to be taken in accordance with such paragraph but shall reduce
        the
        amount that would otherwise be available for Restricted Payments under
        clause (iii) of the first paragraph of this Section, and the Restricted
        Payments described in clauses (1) and (4) of the immediately preceding
        paragraph shall be Restricted Payments that shall be permitted to be taken
        in
        accordance with such paragraph and shall not reduce the amount that would
        otherwise be available for Restricted Payments under clause (iii) of the
        first paragraph of this Section. 

       

      If
        an Investment results in the making of a Restricted Payment, the aggregate
        amount of all Restricted Payments deemed to have been made as calculated
        under
        the foregoing provision shall be reduced by the amount of any net reduction
        in
        such Investment (resulting from the payment of interest or dividends, loan
        repayment, transfer of assets or otherwise) to the extent such net reduction
        is
        not included in the Company’s EBITDA; provided, however,
        that
        the total amount by which the aggregate amount of all Restricted Payments
        may be
        reduced may not exceed the lesser of (a) the cash proceeds received by the
        Company and its Restricted Subsidiaries in connection with such net reduction
        and (b) the initial amount of such Investment. In addition, for the
        avoidance of doubt and to avoid double counting, if an Investment results
        in the
        making of a Restricted Payment, then the subsequent assignment, contribution,
        distribution or other transfer of such Investment by the Company or any
        Restricted Subsidiary of the Company to any Excluded Restricted Subsidiary
        or
        Unrestricted Subsidiary shall not be considered a new Investment or Restricted
        Payment and shall not further reduce the amount that would otherwise be
        available for Restricted Payments under clause (iii) of the first paragraph
        of
        this Section. 

       

      If
        the
        aggregate amount of all Restricted Payments calculated under the foregoing
        provision includes an Investment in an Unrestricted Subsidiary or other Person
        that thereafter becomes a Restricted Subsidiary, such Investment will no
        longer
        be counted as a Restricted Payment for purposes of calculating the aggregate
        amount of Restricted Payments. 

       

      For
        the
        purpose of making any Restricted Payment calculations under the Indenture:
        

       

      
        
          
          

        

        
          25

          
            

          

        

        
          
          

        

      

      
        	 	
                (1)

              	
                Investments
                  shall include the fair market value of the net assets of any Restricted
                  Subsidiary at the time that such Restricted Subsidiary is designated
                  an
                  Unrestricted Subsidiary and shall exclude the fair market value
                  of the net
                  assets of any Unrestricted Subsidiary that is designated as a Restricted
                  Subsidiary, in each case with fair market value determined by the
                  Board of
                  Directors in good faith and, for the avoidance of doubt, such inclusions
                  and exclusions will not be limited by the amount of any Investment
                  or
                  aggregate Investments; 

              

      

       

      
        	 	
                (2)

              	
                any
                  asset or property transferred to or from an Unrestricted Subsidiary
                  shall
                  be valued at fair market value at the time of such transfer, provided
                  that, in each case, the fair market value of an asset or property
                  is as
                  determined by the Board of Directors in good faith and, for the
                  avoidance
                  of doubt, the fair market value (as so determined) of such asset
                  of
                  property shall be subtracted from (in the case of a transfer to
                  an
                  Unrestricted Subsidiary) or added to (in the case of a transfer
                  from an
                  Unrestricted Subsidiary) the calculation under clause (iii) of
                  the first
                  paragraph of this Section; and 

              

      

       

      
        	 	
                (3)

              	
                subject
                  to the foregoing, the amount of any Restricted Payment, if other
                  than
                  cash, shall be determined by the Board of Directors, whose good
                  faith
                  determination shall be conclusive. 

              

      

       

      The
        Board of Directors may designate a Restricted Subsidiary to be an Unrestricted
        Subsidiary in compliance with Section 4.15 of the Indenture. Upon such
        designation, all outstanding Investments by the Company and its Restricted
        Subsidiaries (except to the extent repaid in cash) in the Subsidiary so
        designated will be deemed to be Restricted Payments made at the time of such
        designation and will reduce the amount available for Restricted Payments
        under
        the first paragraph of this covenant. Such designation will only be permitted
        if
        such Restricted Payment would be permitted at such time and if such Restricted
        Subsidiary otherwise meets the definition of an Unrestricted Subsidiary.
        

       

      (b)
         Incurrence
        of Indebtedness and Issuance of Preferred Stock.

       

      §4.9.
        Incurrence
        of Indebtedness and Issuance of Preferred Stock.
        The
        Company shall not, and shall not permit any of its Restricted Subsidiaries
        to,
        directly or indirectly, create, incur, issue, assume, guaranty or otherwise
        become directly or indirectly liable with respect to (collectively, “incur”) any
        Indebtedness (including Acquired Debt) and the Company shall not permit any
        of
        its Restricted Subsidiaries to issue any shares of preferred stock; provided,
        however, that the Company may incur Indebtedness and may permit a Restricted
        Subsidiary to incur Indebtedness if at the time of such incurrence and after
        giving effect thereto the Leverage Ratio would be less than 6.5 to 1.0.

       

      The
        foregoing limitations shall not apply to: 

       

      
        	 	
                (1)

              	
                the
                  incurrence by the Company or any Restricted Subsidiary of Senior
                  Bank Debt
                  in an aggregate amount not to exceed $100.0 million at any one time
                  outstanding; 

              

      

       

      
        	 	
                (2)

              	
                the
                  issuance by the Restricted Subsidiaries of Subsidiary Guarantees;
                  

              

      

       

      
        	 	
                (3)

              	
                the
                  incurrence by the Company and its Restricted Subsidiaries of the
                  Existing
                  Indebtedness; 

              

      

       

      
        	 	
                (4)

              	
                the
                  issuance by the Company of the Notes;

              

      

       

      
        
          
          

        

        
          26

          
            

          

        

        
          
          

        

      

      
        	 	
                (5)

              	
                the
                  incurrence by the Company and its Restricted Subsidiaries of Capital
                  Lease
                  Obligations and/or additional Indebtedness constituting purchase
                  money
                  obligations up to an aggregate of $5.0 million at any one time
                  outstanding, provided that the Liens securing such Indebtedness
                  constitute
                  Permitted Liens; 

              

      

       

      
        	 	
                (6)

              	
                the
                  incurrence of Indebtedness between (i) the Company and its Restricted
                  Subsidiaries and (ii) the Restricted Subsidiaries;
                  

              

      

       

      
        	 	
                (7)

              	
                Hedging
                  Obligations that are incurred for the purpose of fixing or hedging
                  interest rate risk with respect to any floating rate Indebtedness
                  that is
                  permitted by the terms of the Indenture to be outstanding;
                  

              

      

       

      
        	 	
                (8)

              	
                the
                  incurrence by the Company and its Restricted Subsidiaries of Indebtedness
                  arising out of letters of credit, performance bonds, surety bonds
                  and
                  bankers’ acceptances incurred in the ordinary course of business up to an
                  aggregate of $5.0 million at any one time outstanding;
                  

              

      

       

      
        	 	
                (9)

              	
                the
                  incurrence by the Company and its Restricted Subsidiaries of Indebtedness
                  consisting of guarantees, indemnities or obligations in respect
                  of
                  purchase price adjustments in connection with the acquisition or
                  disposition of assets, including, without limitation, shares of
                  Capital
                  Stock; and 

              

      

       

      
        	 	
                (10)

              	
                the
                  incurrence by the Company and its Restricted Subsidiaries of Refinancing
                  Indebtedness issued in exchange for, or the proceeds of which are
                  used to
                  repay, redeem, defease, extend, refinance, renew, replace or refund,
                  Indebtedness referred to in clauses (2) through (5) above, and
                  this clause (10) or that was otherwise permitted to be incurred
                  pursuant to the test set forth in the first paragraph of this Section
                  4.9.

              

      

       

      (c)
         Liens.

       

      §4.10.
        Liens.
        Neither
        the Company nor any of its Restricted Subsidiaries may directly or indirectly
        create, incur, assume or suffer to exist any Lien (other than a Permitted
        Lien)
        upon any property or assets now owned or hereafter acquired, or any income,
        profits or proceeds therefrom, or assign or otherwise convey any right to
        receive income therefrom, unless (a) in the case of any Lien securing any
        Indebtedness that is subordinate to the Notes, the Notes are secured by a
        Lien
        on such property, assets or proceeds that is senior in priority to such Lien
        and
        (b) in the case of any other Lien, the Notes are equally and ratably
        secured with the obligation or liability secured by such Lien. 

       

      (d)
         Dividend
        and Other Payment Restrictions Affecting Restricted Subsidiaries.

       

      §4.11.
        Dividend
        and Other Payment Restrictions Affecting Restricted Subsidiaries.
        The
        Company shall not, and shall not permit any of its Restricted Subsidiaries
        to,
        directly or indirectly, create or otherwise cause or suffer to exist or become
        effective any encumbrance or restriction on the ability of any Restricted
        Subsidiary to: 

       

      
        	 	
                (1)

              	
                (i) pay
                  dividends or make any other distributions to the Company or any
                  of its
                  Restricted Subsidiaries (A) on its Capital Stock or (B) with
                  respect to any other interest or participation in, or measured
                  by, its
                  profits, or (ii) pay any Indebtedness owed to the Company or any of
                  its Restricted Subsidiaries; 

              

      

       

      
        
          
          

        

        
          27

          
            

          

        

        
          
          

        

      

      
        	 	
                (2)

              	
                make
                  loans or advances to the Company or any of its Restricted Subsidiaries;
                  or
                  

              

      

       

      
        	 	
                (3)

              	
                transfer
                  any of its properties or assets to the Company or any of its Restricted
                  Subsidiaries. 

              

      

       

      However,
        the preceding restrictions will not apply to encumbrances or restrictions
        existing under or by reason of: 

       

      
        	 	
                (1)

              	
                Existing
                  Indebtedness; 

              

      

       

      
        	 	
                (2)

              	
                the
                  Credit Agreement as in effect as of the date of the Indenture,
                  and any
                  amendments, modifications, restatements, renewals, increases, supplements,
                  refundings, replacements or refinancing thereof, provided that
                  such
                  amendments, modifications, restatements, renewals, increases, supplements,
                  refundings, replacements or refinancings are no more restrictive
                  in the
                  aggregate with respect to such dividend and other payment restrictions
                  than those contained in the Credit Agreement as in effect on the
                  date of
                  the Indenture; 

              

      

       

      
        	 	
                (3)

              	
                the
                  Indenture and the Notes; 

              

      

       

      
        	 	
                (4)

              	
                applicable
                  law; 

              

      

       

      
        	 	
                (5)

              	
                any
                  instrument governing Indebtedness or Capital Stock of a Person
                  acquired by
                  the Company or any of its Restricted Subsidiaries as in effect
                  at the time
                  of such acquisition (except to the extent such Indebtedness was
                  incurred
                  in connection with or in contemplation of such acquisition), which
                  encumbrance or restriction is not applicable to any Person, or
                  the
                  properties or assets of any Person, other than the Person, or the
                  property
                  or assets of the Person, so acquired, provided that the EBITDA
                  of such
                  Person is not taken into account in determining whether such acquisition
                  was permitted by the terms of the Indenture;

              

      

       

      
        	 	
                (6)

              	
                customary
                  non-assignment provisions in leases entered into in the ordinary
                  course of
                  business and consistent with past practices;

              

      

       

      
        	 	
                (7)

              	
                restrictions
                  on the transfer of property subject to purchase money obligations
                  or
                  Capital Lease Obligations otherwise permitted by clause (5) of
                  Section 4.9 of the Indenture; 

              

      

       

      
        	 	
                (8)

              	
                permitted
                  Refinancing Indebtedness, provided that the restrictions contained
                  in the
                  agreements governing such Refinancing Indebtedness are no more
                  restrictive
                  in the aggregate than those contained in the agreements governing
                  the
                  Indebtedness being refinanced; or 

              

      

       

      
        	 	
                (9)

              	
                any
                  agreement or instrument governing Indebtedness of an Excluded Restricted
                  Subsidiary provided that (i) at the time such agreement or instrument
                  is entered into, such Excluded Restricted Subsidiary and its Restricted
                  Subsidiaries have a Leverage Ratio of less than 6.5 to 1.0 and
                  (ii) neither such Excluded Restricted Subsidiary nor any of its
                  Restricted Subsidiaries shall, directly or indirectly, incur any
                  Indebtedness (including Acquired Debt) unless at the time of such
                  incurrence and after giving effect thereto, the Leverage Ratio
                  for such
                  Excluded Restricted Subsidiary and its Restricted Subsidiaries
                  would be
                  less than 6.5 to 1.0. For 

              

      

       

      
        
          
          

        

        
          28

          
            

          

        

        
          
          

        

      

      purposes
        of determining the Leverage Ratio under this clause (9) only, all
        references to the “Company” and its “Restricted Subsidiaries” or similar
        references in the definition of “Leverage Ratio” and other defined terms
        necessary to determine the Leverage Ratio shall be deemed to refer to such
        Excluded Restricted Subsidiary and its Restricted Subsidiaries, respectively.
        

       

      (e)
         Transactions
        with Affiliates.

       

      §4.12.
        Transactions
        with Affiliates.
        The
        Company shall not, and shall not permit any of its Restricted Subsidiaries
        to,
        sell, lease, transfer or otherwise dispose of any of its properties or assets
        to, or purchase any property or assets from, or enter into any contract,
        agreement, understanding, loan, advance or guarantee with, or for the benefit
        of, any Affiliate (each of the foregoing, an “Affiliate Transaction”), unless:

       

      
        	 	
                (a)

              	
                such
                  Affiliate Transaction is on terms that are no less favorable to
                  the
                  Company or the relevant Restricted Subsidiary than those that would
                  have
                  been obtained in a comparable transaction by the Company or such
                  Restricted Subsidiary with a non-Affiliated Person; and
                  

              

      

       

      
        	 	
                (b)

              	
                the
                  Company delivers to the Trustee: 

              

      

       

      
        	 	
                (i)

              	
                with
                  respect to any Affiliate Transaction involving aggregate payments
                  in
                  excess of $5.0 million, a resolution of the Board of Directors set
                  forth in an Officers’ Certificate certifying that such Affiliate
                  Transaction complies with clause (a) above and such Affiliate
                  Transaction is approved by a majority of the disinterested members
                  of the
                  Board of Directors; and 

              

      

       

      
        	 	
                (ii)

              	
                with
                  respect to any Affiliate Transaction involving aggregate payments
                  in
                  excess of $10.0 million, an opinion as to the fairness to the Company
                  or such Restricted Subsidiary from a financial point of view issued
                  by an
                  investment banking, appraisal or accounting firm of national standing.
                  

              

      

       

      The
        following items shall not be deemed Affiliate Transactions and therefore,
        will
        not be subject to the provisions of the prior paragraph: 

       

      
        	 	
                (1)

              	
                any
                  employment agreement entered into by the Company or any of its
                  Restricted
                  Subsidiaries in the ordinary course of business and consistent
                  with the
                  past practice of the Company or such Restricted Subsidiary;
                  

              

      

       

      
        	 	
                (2)

              	
                transactions
                  between or among the Company and/or its Restricted Subsidiaries;
                  

              

      

       

      
        	 	
                (3)

              	
                transactions
                  permitted by the provisions of Section 4.8 of the Indenture; and
                  

              

      

       

      
        	 	
                (4)

              	
                the
                  grant of stock, stock options or other equity interests to employees
                  and
                  directors of the Company and any Restricted Subsidiary in accordance
                  with
                  duly adopted Company stock grant, stock option and similar plans.
                  

              

      

       

      The
        provisions set forth in clause (b) above shall not apply to sales of
        inventory by the Company or any Restricted Subsidiary to any Affiliate in
        the
        ordinary course of business. The provisions of clause (b) (ii) above
        shall not apply to loans or advances to the Company or any Restricted Subsidiary
        

       

      
        
          
          

        

        
          29

          
            

          

        

        
          
          

        

      

      from,
        or
        equity investments in the Company or any Restricted Subsidiary by, any Affiliate
        to the extent permitted by the provisions of Section 4.9 of the Indenture.
        

       

      (f)
         Certain
        Senior Subordinated Debt.

       

      §4.13.
        Certain
        Senior Subordinated Debt.
        The
        Company shall not incur any Indebtedness that is subordinated or junior in
        right
        of payment to any Senior Debt of the Company and senior in any respect in
        right
        of payment to the Notes. The Company shall not permit any Restricted Subsidiary
        to incur any Indebtedness that is subordinated or junior in right of payment
        to
        its Senior Debt and senior in any respect in right of payment to its Subsidiary
        Guarantee. 

       

      (g)
         Additional
        Subsidiary Guarantees.

       

      §4.14.
        Additional
        Subsidiary Guarantees.
        If any
        entity (other than an Excluded Restricted Subsidiary) shall become a Restricted
        Subsidiary after the date of the Fifth Supplemental Indenture, then such
        Restricted Subsidiary shall execute a supplemental indenture in the form
        of
        Exhibit B attached hereto, pursuant to which it shall provide a Subsidiary
        Guarantee and deliver an Opinion of Counsel with respect thereto, in accordance
        with the terms of the Indenture.

       

      No
        Restricted Subsidiary (including any Excluded Restricted Subsidiary) shall
        consolidate with or merge with or into (whether or not such Restricted
        Subsidiary is the surviving Person), another Person (other than the Company)
        whether or not affiliated with such Restricted Subsidiary unless: 

       

      
        	 	
                (1)

              	
                subject
                  to the provisions of the following paragraph, the Person formed
                  by or
                  surviving any such consolidation or merger (if other than such
                  Restricted
                  Subsidiary) assumes all the obligations of such Restricted Subsidiary
                  under its Subsidiary Guarantee (except in the case of an Excluded
                  Restricted Subsidiary) pursuant to a supplemental indenture in
                  form and
                  substance reasonably satisfactory to the Trustee;
                  

              

      

       

      
        	 	
                (2)

              	
                immediately
                  after giving effect to such transaction, no Default or Event of
                  Default
                  exists; and 

              

      

       

      
        	 	
                (3)

              	
                such
                  Restricted Subsidiary, or any Person formed by or surviving any
                  such
                  consolidation or merger, would be permitted to incur, immediately
                  after
                  giving effect to such transaction, at least $1.00 of additional
                  Indebtedness pursuant to the test set forth in the first paragraph
                  of
                  Section 4.9 of the Indenture. 

              

      

       

      In
        the
        event of: 

       

      
        	 	
                (1)

              	
                a
                  sale or other disposition of all of the assets of any Restricted
                  Subsidiary, by way of merger, consolidation or otherwise;
                  

              

      

       

      
        	 	
                (2)

              	
                a
                  sale or other disposition of all of the capital stock of any Restricted
                  Subsidiary; or 

              

      

       

      
        	 	
                (3)

              	
                the
                  designation of a Restricted Subsidiary as an Unrestricted Subsidiary
                  in
                  accordance with the terms of Section 4.15 of the
                  Indenture,

              

      

       

      then
        such
        Restricted Subsidiary (in the event of a sale or other disposition, by way
        of
        such a merger, consolidation or otherwise, of all of the capital stock of
        such
        Restricted Subsidiary or in the event of the 

       

      
        
          
          

        

        
          30

          
            

          

        

        
          
          

        

      

      designation
        of such Restricted Subsidiary as an Unrestricted Subsidiary) or the Person
        acquiring the property (in the event of a sale or other disposition of all
        of
        the assets of such Restricted Subsidiary) will be released and relieved of
        any
        obligations under its Subsidiary Guarantee, provided that the Net Proceeds
        of
        such sale or other disposition are applied in accordance with the applicable
        provisions of Section 4.17 of the Indenture.

       

      (h)
         Designation
        of Unrestricted Subsidiaries.

       

      §4.15.
        Designation
        of Unrestricted Subsidiaries.
        The
        Board of Directors may designate any Subsidiary (including any Restricted
        Subsidiary or any newly acquired or newly formed Subsidiary) to be an
        Unrestricted Subsidiary so long as: 

       

      
        	 	
                (1)

              	
                neither
                  the Company nor any Restricted Subsidiary is directly or indirectly
                  liable
                  for any Indebtedness of such Subsidiary;

              

      

       

      
        	 	
                (2)

              	
                no
                  default with respect to any Indebtedness of such Subsidiary would
                  permit
                  (upon notice, lapse of time or otherwise) any holder of any other
                  Indebtedness of the Company or any Restricted Subsidiary to declare
                  a
                  default on such other Indebtedness or cause the payment thereof
                  to be
                  accelerated or payable prior to its stated maturity;
                  

              

      

       

      
        	 	
                (3)

              	
                any
                  Investment in such Subsidiary deemed to be made as a result of
                  designating
                  such Subsidiary an Unrestricted Subsidiary will not violate the
                  provisions
                  of Section 4.8 of the Indenture;

              

      

       

      
        	 	
                (4)

              	
                neither
                  the Company nor any Restricted Subsidiary has a contract, agreement,
                  arrangement, understanding or obligation of any kind, whether written
                  or
                  oral, with such Subsidiary other than (A) those that might be
                  obtained at the time from Persons who are not Affiliates of the
                  Company or
                  (B) administrative, tax sharing and other ordinary course contracts,
                  agreements, arrangements and understandings or obligations entered
                  into in
                  the ordinary course of business; and

              

      

       

      
        	 	
                (5)

              	
                neither
                  the Company nor any Restricted Subsidiary has any obligation to
                  subscribe
                  for additional shares of Capital Stock or other Equity Interests
                  in such
                  Subsidiary, or to maintain or preserve such Subsidiary’s financial
                  condition or to cause such Subsidiary to achieve certain levels
                  of
                  operating results other than as permitted under Section 4.8 of
                  the
                  Indenture. 

              

      

       

      Notwithstanding
        the foregoing, the Company may not designate as an Unrestricted Subsidiary
        any
        Subsidiary which, on the 1999 Indenture Date, was a Significant Subsidiary,
        and
        may not sell, transfer or otherwise dispose of any properties or assets of
        any
        such Significant Subsidiary to an Unrestricted Subsidiary, other than in
        the
        ordinary course of business, in each case other than Iron Mountain Global,
        Inc.
        and its Subsidiaries (including, without limitation, Iron Mountain Europe
        Limited and its Subsidiaries). For the avoidance of doubt, the provisions
        of
        this Section 4.15 shall not limit or restrict the ability of any Restricted
        Subsidiary to sell, transfer or otherwise dispose of any properties or assets
        to
        any other Subsidiary, including any Unrestricted Subsidiary, to the extent
        such
        sale, transfer or other disposition is permitted by the provisions of the
        Indenture described under Section 4.12 or Section 4.17.

       

      The
        Board of Directors may designate any Unrestricted Subsidiary as a Restricted
        Subsidiary; provided that such designation will be deemed to be an incurrence
        of
        Indebtedness by a 

       

      
        
          
          

        

        
          31

          
            

          

        

        
          
          

        

      

      Restricted
        Subsidiary of any outstanding Indebtedness of such Unrestricted Subsidiary
        and
        such designation will only be permitted if: 

       

      
        	 	
                (1)

              	
                such
                  Indebtedness is permitted under Section 4.9 of the Indenture; and
                  

              

      

       

      
        	 	
                (2)

              	
                no
                  Default or Event of Default would occur as a result of such designation.
                  

              

      

       

      (i)
         Limitation
        on Sale and Leaseback Transactions.

       

      §4.16.
        Limitation
        on Sale and Leaseback Transactions.
        The
        Company will not, and will not permit any Restricted Subsidiary to, enter
        into
        any Sale and Leaseback Transaction unless: 

       

      
        	 	
                (1)

              	
                the
                  consideration received in such Sale and Leaseback Transaction is
                  at least
                  equal to the fair market value of the property sold, as determined
                  by a
                  resolution of the Board of Directors; and

              

      

       

      
        	 	
                (2)

              	
                the
                  Company or such Restricted Subsidiary could incur the Attributable
                  Indebtedness in respect of such Sale and Leaseback Transaction
                  in
                  compliance with Section 4.9 of the Indenture.

              

      

       

      (j)
         Asset
        Sales.

       

      §4.17.
        Asset
        Sales.
        The
        Company shall not, and shall not permit any of its Restricted Subsidiaries
        to:

       

      
        	 	
                (1)

              	
                sell,
                  lease, convey or otherwise dispose of any assets (including by
                  way of a
                  Sale and Leaseback Transaction, but excluding a Qualifying Sale
                  and
                  Leaseback Transaction) other than sales of inventory in the ordinary
                  course of business (provided that the sale, lease, conveyance or
                  other
                  disposition of all or substantially all of the assets of the Company
                  will
                  be governed by the provisions of Section 4.18 of the Indenture
                  and/or the
                  provisions of Section 5.1 of the Indenture and not by the provisions
                  of
                  this Section 4.17); or 

              

      

       

      
        	 	
                (2)

              	
                issue
                  or sell Equity Interests of any of its Restricted Subsidiaries
                  

              

      

       

      that
        in
        the case of either clause (1) or (2) above, whether in a single
        transaction or a series of related transactions: 

       

      
        	 	
                (i)

              	
                have
                  a fair market value in excess of $2.0 million; or
                  

              

      

       

      
        	 	
                (ii)

              	
                result
                  in Net Proceeds in excess of $2.0 million (each of the foregoing, an
                  “Asset Sale”) unless (x) the Company (or the Restricted Subsidiary,
                  as the case may be) receives consideration at the time of such
                  Asset Sale
                  at least equal to the fair market value (evidenced by an Officers’
                  Certificate delivered to the Trustee, and for Asset Sales having
                  a fair
                  market value or resulting in Net Proceeds in excess of $10.0 million,
                  evidenced by a resolution of the Board of Directors set forth in
                  an
                  Officers’ Certificate delivered to the Trustee) of the assets sold or
                  otherwise disposed of and (y) at least 75% of the consideration
                  therefor received by the Company or such Restricted Subsidiary
                  is in the
                  form of cash or like-kind assets (in each case as determined in
                  good faith
                  by the Company, evidenced by a 

              

      

       

      
        
          
          

        

        
          32

          
            

          

        

        
          
          

        

      

      resolution
        of the Board of Directors and certified by an Officers’ Certificate delivered to
        the Trustee); 

       

      provided,
        however,
        that
        the amount of: 

       

      
        	 	
                (A)

              	
                any
                  liabilities (as shown on the Company’s or such Restricted Subsidiary’s
                  most recent balance sheet or in the notes thereto) of the Company
                  or such
                  Restricted Subsidiary (other than liabilities that are by their
                  terms
                  subordinated to the Notes or any Subsidiary Guarantee) that are
                  assumed by
                  the transferee of any such assets; and

              

      

       

      
        	 	
                (B)

              	
                any
                  notes or other obligations received by the Company or such Restricted
                  Subsidiary from such transferee that are immediately converted
                  by the
                  Company or such Restricted Subsidiary into cash (to the extent
                  of the cash
                  received) or Cash Equivalents, 

              

      

       

      shall
        be
        deemed to be cash for purposes of this provision; and provided, further,
        that
        the 75% limitation referred to in the foregoing clause (ii) (y) shall
        not apply to any Asset Sale in which the cash portion of the consideration
        received therefrom is equal to or greater than what the after-tax proceeds
        would
        have been had such Asset Sale complied with the aforementioned 75% limitation.
        For the avoidance of doubt, a disposition that constitutes a Restricted Payment
        will be governed by the provisions of Section 4.8 and not by this Section
        4.17.

       

      A
        transfer of assets or issuance of Equity Interests by the Company to a Wholly
        Owned Restricted Subsidiary or by a Wholly Owned Restricted Subsidiary to
        the
        Company or to another Wholly Owned Restricted Subsidiary will not be deemed
        to
        be an Asset Sale. 

       

      Within
        360 days of any Asset Sale, the Company may, at its option, apply an amount
        equal to the Net Proceeds from such Asset Sale either: 

       

      
        	 	
                (1)

              	
                to
                  permanently reduce Senior Debt; or 

              

      

       

      
        	 	
                (2)

              	
                to
                  an investment in a Restricted Subsidiary or in another business
                  or capital
                  expenditure or other long-term/tangible assets, in each case, in
                  the same
                  line of business as the Company or any of its Restricted Subsidiaries
                  was
                  engaged in on the date of the Fifth Supplemental Indenture or in
                  businesses similar or reasonably related thereto.
                  

              

      

       

      Pending
        the final application of any such Net Proceeds, the Company may temporarily
        reduce Senior Bank Debt or otherwise invest such Net Proceeds in any manner
        that
        is not prohibited by the Indenture. Any Net Proceeds from such Asset Sale
        that
        are not applied or invested as provided in the first sentence of this paragraph
        will be deemed to constitute “Excess Proceeds.” When the aggregate amount of
        Excess Proceeds exceeds $10.0 million, the Company shall make an offer to
        all Holders of the Notes, all holders of the 85⁄8% Notes, the 71⁄4% Notes, the 73⁄4%
        Notes, the 65⁄8% Notes, the 83⁄4% Notes, the 8% Notes and the 63⁄4% Notes and the
        holders of any future Indebtedness ranking pari
        passu
        with the
        Notes, which Indebtedness contains similar provisions requiring the Company
        to
        repurchase such Indebtedness (an “Asset Sale Offer”), to purchase the maximum
        principal amount of Notes and such other Indebtedness that may be purchased
        out
        of the Excess Proceeds, at an offer price in cash in an amount equal to 100%
        of
        the principal amount thereof plus accrued and unpaid interest, if any, to
        the
        date of purchase and Additional Tax Amounts, if any, in accordance with the
        procedures set forth in the Indenture. To the extent that the aggregate amount
        of Notes and other pari
        passu
        Indebtedness (including 

       

      
        
          
          

        

        
          33

          
            

          

        

        
          
          

        

      

      the
        85⁄8%
        Notes, the 71⁄4% Notes, the 73⁄4% Notes, the 65⁄8% Notes, the 83⁄4 % Notes, the 8% Notes
        and the 63⁄4% Notes) tendered pursuant to an Asset Sale Offer is less than the
        Excess Proceeds, the Company may use any remaining Excess Proceeds for general
        corporate purposes. If the aggregate principal amount of Notes and such other
        Indebtedness surrendered by Holders thereof exceeds the amount of Excess
        Proceeds, the Trustee shall select the Notes and such other Indebtedness
        to be
        purchased on a pro rata basis. Upon completion of such offer to purchase,
        the
        amount of Excess Proceeds shall be reset at zero.

       

      The
        Company shall comply with the requirements of Rule 14e-1 under the Exchange
        Act and any other securities laws and regulations thereunder to the extent
        those
        laws and regulations are applicable in connection with each repurchase of
        Notes
        pursuant to an Asset Sale Offer. To the extent that the provisions of any
        securities laws or regulations conflict with the provisions of this Section
        4.17, the Company shall comply with the applicable securities laws and
        regulations and shall not be deemed to have breached its obligations under
        the
        Asset Sale provisions of the Indenture by virtue of such conflict.

       

      An
        Asset Sale Offer shall be made pursuant to the provisions of Section 3.10
        hereof. No later than the date which is five Business Days after the date
        on
        which the aggregate amount of Excess Proceeds exceeds $10.0 million, the
        Company
        shall notify the Trustee of such Asset Sale Offer and provide the Trustee
        with
        an Officers’ Certificate setting forth the calculations used in determining the
        amount of Net Proceeds to be applied to the purchase of Notes. The Company
        shall
        commence or cause to be commenced the Asset Sale Offer on a date no later
        than
        15 Business Days after such notice (the “Commencement Date”).

       

      (k)
         Change
        of Control Offer.

       

      §
        4.18. Change
        of Control Offer.

       

      (a) Upon
        the
        occurrence of a Change of Control, each Holder of Notes shall have the right
        to
        require the Company to repurchase all or any part (equal to €50,000 or an
        integral multiple thereof) of such Holder’s Notes pursuant to the offer
        described below (the “Change of Control Offer”) at an offer price in cash equal
        to 101% of the aggregate principal amount thereof plus accrued and unpaid
        interest to but excluding the date of repurchase, and Additional Tax Amounts,
        if
        any (the “Change of Control Payment”).

       

      Within
        30
        calendar days following any Change of Control, the Company shall mail a notice
        to each Holder, with a copy to the Trustee, stating: 

       

      
        	 	
                (1)

              	
                that
                  the Change of Control Offer is being made pursuant to this Section
                  4.18
                  and that all Notes tendered shall be accepted for payment;
                  

              

      

       

      
        	 	
                (2)

              	
                the
                  purchase price and the purchase date, which shall be no earlier
                  than 30
                  calendar days nor later than 60 calendar days from the date such
                  notice is
                  mailed (the “Change of Control Payment Date”);

              

      

       

      
        	 	
                (3)

              	
                that
                  any Note not tendered shall continue to accrue interest;
                  

              

      

       

      
        	 	
                (4)

              	
                that,
                  unless the Company defaults in the payment of the Change of Control
                  Payment, all Notes accepted for payment pursuant to the Change
                  of Control
                  Offer shall cease to accrue interest on and after the Change of
                  Control
                  Payment Date; 

              

      

       

      
        	 	
                (5)

              	
                that
                  Holders electing to have any Notes purchased pursuant to a Change
                  of
                  Control Offer shall be required to surrender the Notes, with the
                  form
                  entitled “Option of 

              

      

       

      
        
          
          

        

        
          34

          
            

          

        

        
          
          

        

      

      Holder
        to
        Elect Purchase” on the reverse of the Notes completed, to the Paying Agent at
        the address specified in such notice prior to the close of business on the
        fifth
        Business Day preceding the Change of Control Payment Date; 

       

      
        	 	
                (6)

              	
                that
                  Holders will be entitled to withdraw their election if the Paying
                  Agent
                  receives, not later than the close of business on the second Business
                  Day
                  preceding the Change of Control Payment Date, facsimile transmission
                  or
                  letter setting forth the name of the Holder, the principal amount
                  of Notes
                  delivered for purchase, and a statement that such Holder is withdrawing
                  its election to have such Notes purchased; and

              

      

       

      
        	 	
                (7)

              	
                that
                  Holders whose Notes are being purchased only in part will be issued
                  new
                  Notes equal in principal amount to the unpurchased portion of the
                  Notes
                  surrendered, which unpurchased portion must be equal to €50,000 in
                  principal amount or an integral multiple thereof.
                  

              

      

       

      The
        Company shall comply with the requirements of Rule 14e-1 under the Exchange
        Act and any other securities laws and regulations thereunder, to the extent
        such
        laws and regulations are applicable to the repurchase of the Notes in connection
        with a Change of Control. To the extent that the provisions of any securities
        laws or regulations conflict with this Section 4.18, the Company shall comply
        with the applicable securities laws and regulations and shall not be deemed
        to
        have breached its obligations under the Change of Control provisions of the
        Indenture or the Fifth Supplemental Indenture by virtue of such conflict.
        

       

      (b) On
        the Change of Control Payment Date, the Company shall, to the extent lawful:
        

       

      
        	 	
                (1)

              	
                accept
                  for payment Notes or portions thereof tendered pursuant to the
                  Change of
                  Control Offer; 

              

      

       

      
        	 	
                (2)

              	
                deposit
                  with the Paying Agent an amount equal to the Change of Control
                  Payment in
                  respect of all Notes or portions thereof so tendered; and
                  

              

      

       

      
        	 	
                (3)

              	
                deliver
                  or cause to be delivered to the Trustee the Notes so accepted together
                  with an Officers’ Certificate stating the Notes or portions thereof
                  tendered to the Company.

              

      

       

      The
        Paying Agent shall promptly mail to each Holder of Notes so accepted the
        Change
        of Control Payment for such Notes, and the Trustee shall promptly authenticate
        and mail to each Holder a new Note equal in principal amount to any unpurchased
        portion of the Notes surrendered, if any; provided that each such new Note
        shall
        be in a principal amount of €50,000 or an integral multiple thereof. Prior to
        complying with the provisions of this Section 4.18, but in any event within
        90
        calendar days following a Change of Control, the Company shall either repay
        all
        outstanding Senior Debt or obtain the requisite consents, if any, under all
        agreements governing outstanding Senior Debt to permit the repurchase of
        Notes
        required by this Section 4.18. The Company shall publicly announce in The
        Wall
        Street Journal, or if no longer published, a national newspaper of general
        circulation, the results of the Change of Control Offer on or as soon as
        practicable after the Change of Control Payment Date.

       

      The
        Company shall not be required to make a Change of Control Offer upon a Change
        of
        Control if a third party makes the Change of Control Offer in the manner,
        at the
        times and otherwise in compliance with the requirements set forth in this
        Section 4.18 applicable to a Change of Control Offer 

       

      
        
          
          

        

        
          35

          
            

          

        

        
          
          

        

      

      made
        by
        the Company and purchases all Notes properly tendered and not withdrawn under
        the Change of Control Offer.

       

      (l)
         Changes
        in Covenants When Notes Rated Investment Grade.

       

      §
        4.19. Changes
        in Covenants When Notes Rated Investment Grade.

       

      If
        on any
        date following the date of this Fifth Supplemental Indenture:

       

      
        	 	
                (1)

              	
                at
                  least two of the following events
                  occur:

              

      

       

      
        	 	
                i.

              	
                the
                  Notes are rated Baa3 or better by Moody’s Investors
                  Service,

              

      

       

      
        	 	
                ii.

              	
                the
                  Notes are rated BBB- or better by Standard & Poor’s Rating Group, a
                  division of The McGraw-Hill Companies, Inc., or

              

      

       

      
        	 	
                iii.

              	
                the
                  Notes rated BBB- or better by Fitch Ratings,
                  Inc.,

              

      

       

      (or,
        if
        any such entity ceases to rate the Notes for reasons outside of the control
        of
        the Company, the equivalent investment grade credit rating from any other
        “nationally recognized statistical rating organization” within the meaning of
        Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by the Company as
        a replacement agency); and

       

      
        	 	
                (2)

              	
                no
                  Default or Event of Default shall have occurred and be
                  continuing,

              

      

       

      then,
        beginning on that day and continuing at all times thereafter regardless of
        any
        subsequent changes in the rating of the Notes, Sections 3.10, 4.8, 4.9, 4.11,
        4.12, 4.15 and 4.17, clause (3) of Section 4.14, clause (2) of Section 4.16
        and
        clause (d) of Section 5.1 of the Indenture shall no longer be applicable
        to the
        Notes.

       

      (m)
         Additional
        Tax Amounts.

       

      §
        4.20. Additional
        Tax Amounts.

       

      All
        payments made by the Company under or with respect to the Notes or any of
        the
        Guarantors on its guarantee shall be made free and clear of and without
        withholding or deduction for, or on account of, any present or future Taxes
        imposed or levied by or on behalf of any jurisdiction in which the Company
        or
        any Guarantor (including any successor entity), is then incorporated or resident
        for tax purposes or any political subdivision thereof or therein (for avoidance
        of doubt, it being understood that tax residency for these purposes does
        not
        result from mere permanent establishments) (each of the foregoing, a “Tax
        Authority”), unless the withholding or deduction of such Taxes is then required
        by law. If any deduction or withholding for, or on account of, any Taxes
        of any
        Tax Authority shall at any time be required to be made from or imposed directly
        on any Holder or beneficial owner of the Notes on any payments made by the
        Company under or with respect to the Notes or any of the Guarantors with
        respect
        to any guarantee, including payments of principal, redemption price, purchase
        price, interest or premium, the Company or the relevant Guarantor, as
        applicable, shall pay such additional amounts (the “Additional Tax Amounts”), as
        may be necessary in order that the net amounts received and retained in respect
        of such payments by each Holder or beneficial owner (including Additional
        Tax
        Amounts) after such withholding, deduction or imposition shall equal the
        respective amounts which would have been received and retained in respect
        of
        such payments in the absence of such withholding, deduction or imposition;
        provided,
        however,
        that no
        Additional Tax Amounts shall be payable with respect to:

      
        
          
          

        

        
          36

          
            

          

        

        
          
          

        

      

      

      (a) any
        payments on a Note in respect of Taxes which would not have been imposed
        but for
        the Holder or the beneficial owner of the Note being, or having been, a citizen
        or resident or national of, incorporated in, or carrying on a business in
        the
        jurisdiction in which such Taxes are imposed other than by the mere holding
        of
        such Note or enforcement of rights thereunder or the receipt of payments
        in
        respect thereof;

       

      (b) any
        Taxes
        that are imposed or withheld as a result of the failure of the Holder of
        a Note
        or beneficial owner of a Note to satisfy any certification, identification,
        information or other reporting requirement, which is required or imposed
        by a
        statute, treaty, regulation or administrative practice of the relevant taxing
        jurisdiction as a precondition to exemption from all or part of such
        Taxes;

       

      (c) any
        Note
        presented for payment (where Notes are in physical, certificated form and
        presentation is required) more than 30 days after the relevant payment is
        first
        made available for payment to the Holder (except to the extent that the Holder
        would have been entitled to Additional Tax Amounts had the Note been presented
        on the last day of such 30 day period);

       

      (d) any
        estate, inheritance, gift, sale, transfer, personal property or similar Tax
        or
        assessment;

       

      (e) any
        Taxes
        withheld, deducted or imposed on a payment to an individual and which are
        required to be made pursuant to European Council Directive 2003/48/EC or
        any
        other Directive implementing the conclusions of the ECOFIN Council meeting
        of 26
        and 27 November 2000 on the taxation of savings income or any law
        implementing or complying with or introduced in order to conform to, such
        Directive; provided that the Company has complied with its obligations to
        ensure
        that it maintains a paying agent in a member state of the European Union
        that
        will not be obliged to withhold or deduct Tax pursuant to such
        Directive;

       

      (f) any
        Note
        presented for payment by or on behalf of a Holder of a Note who would have
        been
        able to avoid such withholding or deduction by presenting the relevant Note
        to
        another Paying Agent in a member state of the European Union;

       

      (g) any
        Taxes
        payable otherwise than by way of deduction or withholding;

       

      (h) any
        person who is a fiduciary or partnership or any person other than the sole
        beneficial owner of such payment, to the extent that a beneficiary or settlor
        with respect to such fiduciary, a member of such partnership or the beneficial
        owner of such payment would not have been entitled to the Additional Tax
        Amounts
        had such beneficiary, settlor, member or beneficial owner been the actual
        holder
        of the Note;

       

      (i) any
        Holder of a Note or a beneficial owner of a Note that is or was a “10-percent
        shareholder” of the Company as defined in Section 871(h)(3) of the United
        States Internal Revenue Code of 1986, as amended (the “Code”), or any successor
        provision;

       

      (j) any
        Holder of a Note or a beneficial owner of a Note that is a bank receiving
        interest described in Section 881(c)(3)(A) of the Code; or

       

      (k) any
        combination of items (a) through (j) above.

       

      
        
          
          

        

        
          37

          
            

          

        

        
          
          

        

      

      In
        addition to the foregoing, the Company and the Guarantors shall also pay
        any
        present or future stamp, transfer, court or documentary taxes, or any other
        excise or property taxes, charges or similar levies or Taxes which are levied
        by
        any Tax Authority on the execution, delivery, registration or enforcement
        of any
        of the Notes, the Indenture, any guarantee or any other document or instrument
        referred to therein or herein, or the receipt of any payments with respect
        to
        the Notes or the guarantees. The Company and the Guarantors shall not, however,
        be obligated to pay any present or future stamp, transfer, court or documentary
        tax, or any other excise or property tax, charge or similar levy or Tax which
        is
        levied by any Tax Authority in connection with any transfer of any Note by
        any
        Holder.

       

      If
        the
        Company or any Guarantor, as the case may be, becomes aware that it shall
        be
        obligated to pay Additional Tax Amounts with respect to any payment under
        or
        with respect to the Notes or any guarantee, the Company or the relevant
        Guarantor, as the case may be, shall deliver to the Trustee on a date which
        is
        at least 30 days prior to the date of that payment (unless the obligation
        to pay Additional Tax Amounts arises after the 30th day prior to that payment
        date, in which case the Company or the relevant Guarantor shall notify the
        Trustee promptly thereafter) an Officers’ Certificate stating the fact that
        Additional Tax Amounts shall be payable and the amount estimated to be so
        payable. The Officers’ Certificate must also set forth any other information
        reasonably necessary to enable the Paying Agents to pay Additional Tax Amounts
        to Holders on the relevant payment date. The Company or the relevant Guarantor
        shall provide the Trustee with documentation reasonably satisfactory to the
        Trustee evidencing the payment of Additional Tax Amounts.

       

      The
        Company or the relevant Guarantor shall make all required withholdings and
        deductions and shall remit the full amount deducted or withheld to the relevant
        Tax Authority in accordance with applicable law. The Company or the relevant
        Guarantor shall use commercially reasonable efforts to facilitate administrative
        actions necessary to assist beneficial owners to obtain any refund of or
        credit
        against Taxes for which Additional Tax Amounts are not paid as a result of
        the
        conditions in the proviso to the first paragraph of this Section
        4.20.

       

      In
        the
        event that either the Company or the relevant Guarantor has become, or would
        be,
        obliged to pay on the next date on which any amount would be payable under
        or
        with respect to the Notes, any Additional Tax Amounts as a result of certain
        changes affecting the laws relating to withholding or deduction of Taxes,
        the
        Company may redeem all, but not less than all, the Notes in accordance with
        Section 3.8.

       

      Whenever
        in the Indenture there is mentioned, in any context, the payment of amounts
        based upon the principal amount of the Notes or of principal, interest or
        of any
        other amount payable under, or with respect to, any of the Notes, such mention
        shall be deemed to include mention of the payment of Additional Tax Amounts
        to
        the extent that, in such context, Additional Tax Amounts are, were or would
        be
        payable in respect thereof.

       

      (n)
         Listing.

       

      §
        4.21. Listing.

       

      Prior
        to any listing of the Notes on the Official List of the Luxembourg Stock
        Exchange, the legal notice relating to the issuance of the Notes and the
        Certificate of Incorporation of the Company will be registered with the
        Registrar of the District Court in Luxembourg. So long as the Notes are listed
        on the Euro MTF, the Company will cause an agent for making payments on,
        and
        transfers of, Notes to be maintained in Luxembourg.

       

      Section
        2.7. Subsidiary
        Guarantees.

       

      
        
          
          

        

        
          38

          
            

          

        

        
          
          

        

      

      With
        respect to the Notes issued under this Fifth Supplemental Indenture, Article
        XII
        of the Indenture shall apply, and the Notes shall constitute a Series to
        be
        guaranteed by the Guarantors pursuant to Article XII of the
        Indenture.

       

      Section
        2.8. Legal
        Defeasance and Covenant Defeasance.

       

      (a)
         Ability
        to Effect Legal Defeasance or Covenant Defeasance.

       

      With
        respect to the Notes issued under this Fifth Supplemental Indenture, Article
        VIII of the Indenture shall apply, and the Company shall have the option
        to
        effect Legal Defeasance or Covenant Defeasance pursuant to Article VIII of
        the
        Indenture. In connection with any Covenant Defeasance, the Company shall
        be
        released from its obligations under the covenants specified in Sections 4.2
        and
        5.1 of the Indenture and Section 2.6 of this Fifth Supplemental
        Indenture.

       

      (b)
         Amend,
        Restate and Replace Covenant Regarding Deposit.

       

      With
        respect to the Notes issued under this Fifth Supplemental Indenture, Section
        8.4(a) is hereby amended restated and replaced in its entirety by the
        following:

       

      (a)
        the Company must irrevocably deposit with the Trustee, in trust, for the
        benefit
        of the Holders, cash in Euro, non-callable European Government Obligations,
        or a
        combination thereof, in such amounts as will be sufficient, in the opinion
        of a
        nationally recognized firm of independent public accountants, to pay the
        principal of, premium or Additional Tax Amounts, if any, and interest on
        the
        outstanding Securities of such Series on the Stated Maturity or on the
        applicable redemption date, as the case may be, of such principal or installment
        of principal of, premium or Additional Tax Amounts, if any, or interest on
        the
        outstanding Securities of such Series.

       

      Section
        2.9. Subordination.

       

      With
        respect to the Notes issued under this Fifth Supplemental Indenture, Article
        XIII of the Indenture shall apply, and the Notes shall be subject to
        subordination pursuant to Article XIII of the Indenture.

       

      Section
        2.10. Amend,
        Restate and Replace Covenant Regarding Reports. 

       

      With
        respect to the Notes issued under this Fifth Supplemental Indenture, Section
        4.2
        of the Indenture is amended, restated and replaced in its entirety by the
        following:

       

      §
        4.2. Reports.

       

      Whether
        or not required by the rules and regulations of the Commission, so long as
        any
        Notes are outstanding, the Company will furnish to the Holders of
        Notes:

       

      
        	 	
                (1)

              	
                all
                  quarterly and annual financial information that would be required
                  to be
                  contained in a filing with the Commission on Forms 10-Q and 10-K
                  if the
                  Company were required to file such Forms, including a “Management’s
                  Discussion and Analysis of Financial Condition and Results of Operations”
                  and, with respect to the annual information only, a report thereon
                  by the
                  Company’s certified independent accountants;
                  and

              

      

       

      
        
          
          

        

        
          39

          
            

          

        

        
          
          

        

      

      
        	 	
                (2)

              	
                all
                  financial information that would be required to be included in
                  a
                  Form 8-K filed with the Commission if the Company were required to
                  file such reports.

              

      

       

      In
        addition, whether or not required by the rules and regulations of the
        Commission, the Company will file a copy
        of
        all such information and reports with the Commission for public availability
        (unless the Commission will not accept such a filing) and make such information
        available to investors who request it in writing.

       

      Notwithstanding
        the foregoing, if at any time the Notes are guaranteed by any direct or indirect
        parent company of the Company, the indenture will permit the Company to satisfy
        its obligations under this covenant with respect to financial information
        relating to the Company by furnishing financial information relating to such
        direct or indirect parent company; provided,
        however,
        that
        the same is accompanied by consolidating information that explains in reasonable
        detail the differences between the information relating to such direct or
        indirect parent company and any of its Subsidiaries other than the Company
        and
        its Subsidiaries, on the one hand, and the information relating to the Company,
        the Guarantors and the other Subsidiaries of the Company on a standalone
        basis,
        on the other hand.

       

      Section
        2.11. Events
        of Default.

       

      Section
        6.1 of the Indenture is amended with regard to this Fifth Supplemental Indenture
        and the Notes issued hereunder by deleting the $10.0 million threshold in
        Sections 6.1(e)(ii) and 6.1(f) and substituting in lieu thereof the threshold
        of
        $50.0 million. Section 6.1 of the Indenture is further amended with regard
        to
        this Fifth Supplemental Indenture by deleting Section 6.1(a) of the Indenture
        and replacing it in its entirety with the following:

       

      (a)
        default for 30 days in the payment when due of interest or Additional Tax
        Amounts, if any, on any Security of that Series (whether or not prohibited
        by
        the subordination provisions of Article XIII of the Indenture);

       

      Section
        2.12. Notice
        to Holders.

       

      Section
        10.2 of the Indenture is amended with regard to this Fifth Supplemental
        Indenture and the Notes issued hereunder with respect to notices or
        communications to Holders by deleting the fourth paragraph thereof and replacing
        it in its entirety with the following: 

       

      “All
        notices to Holders will be validly given if mailed to them at their respective
        addresses in the register of the Holder of such Notes, if any, maintained
        by the
        Registrar. In addition, if and for so long as any of the Notes are listed
        on the
        Official List of the Luxembourg Stock Exchange and eligible for trading on
        the
        Euro MTF market of that exchange and the rules of such Stock Exchange so
        require, notices shall be published on the website of the Luxembourg Stock
        Exchange at www.bourse.lu
        (or if
        the rules so require, in a Luxembourg newspaper of general circulation (which
        is
        expected to be the d’Wort))
        or, if
        in the opinion of the Trustee, such publication is not practicable, in an
        English language newspaper having general circulation in Europe. In addition,
        for so long as any Notes are represented by a Global Note, all notices to
        holders of the Notes shall be delivered to Euroclear and Clearstream, each
        of
        which shall give such notices to the holders of book-entry interests. Any
        notice
        or communication shall also be so mailed to any Person described in TIA §
313(c), to the extent required by the TIA.” 

       

       

      
        
          
          

        

        
          40

          
            

          

        

        
          
          

        

      

      Section
        2.13. Amend,
        Restate and Replace Provision Regarding Amendment with the Consent of the
        Holders of the Notes.

       

      With
        respect to the Notes issued under this Fifth Supplemental Indenture, Section
        9.2
        of the Indenture is amended, restated and replaced in its entirety by the
        following:

       

      §
        9.2. With
        Consent of Holders.

       

      Except
        as
        provided in Sections 9.1 and 9.3 of the Indenture, the Indenture or the Notes
        may be amended or supplemented by the Company and the Trustee after having
        received the Required Consent (as defined below), and, except as provided
        in
        Sections 6.8 and 6.12 of the Indenture, any existing Default or Event of
        Default
        or compliance with any provision of the Indenture or the Notes may be waived
        by
        the Trustee upon receipt by the Trustee of the Required Consent. 

       

      The
        term
“Required Consent” means the consent of: 

       

      (a)
        Holders of a majority in aggregate principal amount at stated maturity of
        the
        Notes (with respect to matters requiring only the consent of such Holders);
        

       

      (b)
        holders of a majority in aggregate principal amount at stated maturity of:
        

       

      (i) the
        Notes, and 

       

      (ii) the
        8% Notes and the 6 3/4%
        Notes,
        if the holders of the 8% Notes and the 6 3/4%
        Notes
        are being requested to consent to such action with respect to the terms of
        such
        Notes or the indenture under which such Notes were issued; or 

       

      (c)
        holders of a majority in aggregate principal amount at stated maturity of:
        

       

      (i) the
        Notes, 

       

      (ii) the
        8 5/8%
        Notes,
        the 7 3/4%
        Notes,
        the 7 1/4%
        Notes,
        the 6 5/8%
        Notes,
        the 8 3/4%
        Notes,
        the 8% Notes and the 6 3/4%
        Notes
        (the “Previously Issued Notes”), if the holders of the Previously Issued Notes
        are being requested to consent to such action with respect to the terms of
        the
        Previously Issued Notes or the indentures under which the Previously Issued
        Notes were issued, and 

       

      (iii) any
        other issue or series of notes issued by the Company that rank pari passu
        with
        the Notes, if such notes or the indenture pursuant to which such notes were
        issued both: 

       

      (x) require
        the consent of the holders of such notes to such action, and 

       

      (y) provide
        that the such holders will vote with the Holders of the Notes and the other
        securities referenced above with respect to such action.

       

      Section
        2.14. Amend,
        Restate and Replace Provision Regarding Limitations on Amendment or
        Waiver. 

       

      With
        respect to the Notes issued under this Fifth Supplemental Indenture, Sections
        9.3(d) and (f) of the Indenture are amended, restated and replaced in their
        entirety by the following:

       

      
        
          
          

        

        
          41

          
            

          

        

        
          
          

        

      

      (d)
        waive a Default or Event of Default in the payment of principal of or premium,
        if any, or interest or Additional Tax Amounts, if any, on any Security (except
        a
        rescission of acceleration of the Securities of any Series by the Holders
        of at
        least a majority in aggregate principal amount of the then outstanding
        Securities of such Series and a waiver of the payment default that resulted
        from
        such acceleration);

       

      (f)
        make any change in the provisions of the Indenture relating to waivers of
        past
        Defaults or the rights of Holders of Securities of any Series to receive
        payments of principal of or premium, if any, or interest or Additional Tax
        Amounts, if any, on the Securities;

       

      

       

      ARTICLE
        3.

       

      MISCELLANEOUS

       

      Section
        3.1. Effect
        of Headings.

       

      The
        Article and Section headings herein are for convenience only and shall not
        affect the construction hereof.

       

      Section
        3.2. Successors
        and Assigns.

       

      All
        covenants and agreements in this Fifth Supplemental Indenture by the Company
        shall bind its successors and assigns, whether so expressed or not.

       

      Section
        3.3. Separability
        Clause.

       

      In
        case any provision in this Fifth Supplemental Indenture or in the Notes shall
        be
        invalid, illegal or unenforceable, the validity, legality and enforceability
        of
        the remaining provisions shall not in any way be affected or impaired
        thereby.

       

      Section
        3.4. Governing
        Law.

       

      This
        Fifth Supplemental Indenture and the Notes created hereby shall be governed
        by
        and construed in accordance with the laws of the State of New York without
        giving effect to any conflicts of law provisions (other than Section 5-1401
        of
        the New York General Obligations Law) that might cause this Fifth Supplemental
        Indenture and the Notes to be governed by or construed or enforced in accordance
        with the laws of any other jurisdiction.

       

      Section
        3.5. Fifth
        Supplement to Supersede Indenture.

       

      The
        Indenture, as supplemented by the Fifth Supplemental Indenture, remains in
        full
        force and effect as of the date hereof. Notwithstanding the foregoing, to
        the
        extent that any provision of the Indenture shall conflict with any provision
        of
        this Fifth Supplemental Indenture, the terms of this Fifth Supplemental
        Indenture shall be deemed controlling and the conflicting provision of the
        Indenture shall be null and void to the extent of such conflict.

       

      [The
        rest
        of this page has been intentionally left blank.]

       

      
        
          
          

        

        
          42

          
            

          

        

        
          
          

        

      

      

       

      IN
        WITNESS WHEREOF, the parties have caused this Fifth Supplemental Indenture
        to be
        duly executed, and attested, all as of the date and year first written
        above.

       

      
        	 	
                IRON
                  MOUNTAIN INCORPORATED

                 

              
	 	
                By:
                  /s/
                  GARRY B. WATZKE

              
	 	
                Name:
                  Garry
                  B. Watzke

                Title:
                  Senior
                  Vice President and General Counsel

              
	 	 
	 	
                COMAC,
                  INC.

              
	 	
                IRON
                  MOUNTAIN INTELLECTUAL PROPERTY MANAGEMENT, INC.

              
	 	
                IRON
                  MOUNTAIN GLOBAL, INC.

              
	 	
                IRON
                  MOUNTAIN GOVERNMENT SERVICES INCORPORATED

              
	 	
                IRON
                  MOUNTAIN INFORMATION MANAGEMENT, INC.

              
	 	
                MOUNTAIN
                  REAL ESTATE ASSETS, INC.

              
	 	
                MOUNTAIN
                  RESERVE III, INC.

              
	 	
                TREELINE
                  SERVICES CORPORATION

              
	 	
                NETTLEBED
                  ACQUISITION CORP.

                 

              
	 	
                By:
                  /s/
                  GARRY B. WATZKE

              
	 	
                Name:
                  Garry B. Watzke

                Title:
                  Senior Vice President and General Counsel

              
	 	 
	 	
                IRON
                  MOUNTAIN GLOBAL LLC

              
	 	 
	 	
                By:
                  Iron Mountain Global, Inc., its sole member

              
	 	 
	 	
                By:
                  /s/
                  GARRY B. WATZKE

              
	 	
                Name:
                  Garry
                  B. Watzke

              
	 	
                Title:
                  Senior
                  Vice President and General Counsel

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

       

      
        	 	
                IRON
                  MOUNTAIN STATUTORY TRUST - 1998

              
	 	 
	 	
                By: U.S.
                  BANK NATIONAL ASSOCIATION, not 

                       
                  individually but as Owner Trustee under that 

                      
                  certain Amended and Restated Owner 

                      
                  Trust Agreement dated as of October 1, 1998, as 

                      
                  amended

              
	 	 
	 	
                By:
                  /s/
                  JOHN CORREIA

              
	 	
                Name:
                  John Correia

              
	 	
                Title:
                  Vice President

              
	 	 
	 	
                IRON
                  MOUNTAIN STATUTORY TRUST - 1999

              
	 	 
	 	
                By: U.S.
                  BANK NATIONAL ASSOCIATION, not 

                       
                  individually but as Owner Trustee under that 

                       
                  certain Owner Trust Agreement dated as of July 1, 1999, as
                  

                       
                  amended

              
	 	 
	 	 
	 	
                By:
                  /s/
                  JOHN CORREIA

              
	 	
                Name:
                  John Correia

              
	 	
                Title:
                  Vice President

              
	 	 
	 	 
	 	 
	 	
                THE
                  BANK OF NEW YORK TRUST COMPANY, N.A.

              
	 	 
	 	 
	 	
                By:
                  /s/ PETER M. MURPHY

              
	 	
                Name:
                  Peter M. Murphy

              
	 	
                Title:
                  Vice President

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

       

      EXHIBIT
        A

       

      Form
        of Notes

       

      
        ______________________________________________________________________________

         

        ______________________________________________________________________________

         

      

       

      [Face
        of
        Note]

       

      63⁄4
%
        Senior Subordinated Notes due 2018

       

      ISIN
        No.
        XS0282770675€225,000,000

      Common
        Code: 028277067

       

      IRON
        MOUNTAIN INCORPORATED

       

      promises
        to pay to THE
        BANK
        OF NEW YORK DEPOSITORY (NOMINEES) LIMITED,
        as
        nominee for the Common Depository, or registered assigns, the principal sum
        of
€225 Million Euro on October 15, 2018.

       

      Interest
        Payment Dates: April 15 and October 15

       

      Record
        Dates: April 1 and October 1

       

      Dated:
        January 19, 2007

       

      

        
          	 	
                  IRON
                    MOUNTAIN INCORPORATED

                
	 	 
	 	 
	 	
                  By:_________________________________

                
	 	
                  Name:

                
	 	
                  Title:

                
	 	 
	 	 
	 	 
	 	
                  By:
                    _________________________________

                
	 	
                  Name:

                
	 	
                  Title

                
	 	
                  (SEAL)

                

        

      

      This
        is
        one of the Notes

      referred
        to in the within-

      mentioned
        Indenture:

       

       

      THE
        BANK
        OF NEW YORK TRUST COMPANY, N.A.,

      as
        Trustee

      By:
        _____________________________

             
        Authorized Signatory

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      63⁄4
%
        Senior Subordinated Notes due 2018

      

       

      This
        Security is a Global Security within the meaning of the Indenture hereinafter
        referred to and is registered in the name of the Depository or a nominee
        of the
        Depository. This Security is exchangeable for Securities registered in the
        name
        of a Person other than the Depository or its nominee only in the limited
        circumstances described in the Indenture, and may not be transferred except
        as a
        whole by the Depository to a nominee of the Depository, by a nominee of the
        Depository to the Depository or another nominee of the Depository or by the
        Depository or any such nominee to a successor Depository or a nominee of
        such a
        successor Depository.

       

      The
        Notes will initially be issued in book-entry form represented by the Global
        Note
        and will be deposited with The Bank of New York, London Branch, as Common
        Depository, for Euroclear and for Clearstream. Interests in the Global Note
        will
        be shown on, and transfers thereof will be effected only through, records
        maintained in book-entry form by Euroclear and Clearstream. Unless this
        certificate is presented by an authorized representative of the Depository,
        to
        the issuer or its agent for registration of transfer, exchange or payment,
        and
        any certificate issued is registered in the name of the Depository, or such
        other name as may be requested by an authorized representative of the Depository
        (and any payment is made to the Depository or such other entity as may be
        requested by an authorized representative of the Depository), ANY TRANSFER,
        PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
        WRONGFUL inasmuch as the registered owner hereof, The Bank of New York, London
        Depository (Nominees) Limited has an interest herein.

       

      Capitalized
        terms used herein shall have the meanings assigned to them in the Indenture
        referred to below unless otherwise indicated.

       

      1. Interest.
        Iron
        Mountain Incorporated, a Delaware corporation (the “Company”) promises to pay
        interest on the principal amount of this Note at 63⁄4 % per annum from October 17,
        2006 until October 15, 2018. The Company shall pay interest, semi-annually
        in
        arrears, on April 15 and October 15 of each year, or if any such day is not
        a
        Business Day, on the next succeeding Business Day (each an “Interest Payment
        Date”). Interest on the Notes will accrue from the most recent date to which
        interest has been paid or, if no interest has been paid, from the date of
        issuance; provided
        that if
        there is no existing Default in the payment of interest, and if this Note
        is
        authenticated between a record date referred to on the face hereof and the
        next
        succeeding Interest Payment Date, interest shall accrue from such next
        succeeding Interest Payment Date; provided,
        further,
        that
        the first Interest Payment Date shall be April 15, 2007. The Company shall
        pay
        interest (including post-petition interest to the extent allowed in any
        proceeding under any Bankruptcy Law) on overdue principal from time to time
        on
        demand at a rate equal to the per annum rate on the Notes then in effect;
        it
        shall pay interest (including post-petition interest to the extent allowed
        in
        any proceeding under any Bankruptcy Law) on overdue installments of interest
        (without regard to any applicable grace periods) from time to time on demand
        at
        the same rate to the extent lawful. Interest will be computed on the basis
        of a
        360-day year of twelve 30-day months.

       

      2. Method
        of Payment.
        The
        Company will pay principal, premium and Additional Tax Amounts, if any, and
        interest on the Notes in Euro that at the time of payment is legal tender
        for
        payment of public and private debts. The Company, however, may pay principal,
        premium and Additional Tax Amounts, if any, and interest by check payable
        in
        such money. It may mail an interest check to a Holder’s registered
        address.

       

      3. Paying
        Agent, Registrar And Service Agent.
        Initially, The Bank of New York Trust Company, N.A., the Trustee under the
        Indenture, will act as paying agent, registrar and service agent. The Notes
        may
        be presented for registration of transfer and exchange at the offices of
        the

       

      
        
          
          

        

        
          A-2

          
            

          

        

        
          
          

        

      

      registrar.
        The Company may change any paying agent, service agent or registrar without
        notice to any Holder. The Company or any of its Subsidiaries may act in any
        such
        capacity.

       

      4. Indenture.
        The
        Company issued the Notes under an Indenture dated as of December 30, 2002
        (the
“Base Indenture”), as supplemented by a Fifth Supplemental Indenture dated as of
        January 19, 2007 (the “Fifth Supplemental Indenture” and, together with the Base
        Indenture, the “Indenture”), among the Company, the Guarantors and the Trustee.
        The terms of the Notes include those stated in the Indenture and those made
        part
        of the Indenture by reference to the Trust Indenture Act of 1939, as amended
        (15
        U.S. Code §§ 77aaa-77bbbb). The Notes are subject to all such terms, and
        Holders are referred to the Indenture and such Act for a statement of such
        terms. To the extent any provision of this Note conflicts with the express
        provisions of the Indenture, the provisions of the Indenture shall govern
        and be
        controlling. The Notes issued under the Indenture are subordinated unsecured
        obligations of the Company limited to €225,000,000 in aggregate principal
        amount.

       

      5. Optional
        Redemption.
        

       

      (a)
        Prior
        to October 15, 2011, the Notes shall be subject to redemption at any time
        at the
        option of the Company, in whole or in part, upon not less than 10 nor more
        than
        60 days’ notice, at the Euro Make-Whole Price, plus accrued and unpaid
        interest, to but excluding the applicable redemption date. On and after October
        15, 2011, the Notes will be subject to redemption at any time at the option
        of
        the Company, in whole or in part, upon not less than 10 nor more than
        60 days’ notice, at the redemption price (expressed as percentages of
        principal amount) set forth below, plus accrued and unpaid interest to but
        excluding the applicable redemption date, if redeemed during the twelve-month
        period beginning on October 15 of the years indicated below: 

       

      
        	
                Year

              	
                Percentage

              
	 	 
	
                2011

              	
                103.375%

              
	
                2012

              	
                102.250%

              
	
                2013

              	
                101.125%

              
	
                2014
                  and thereafter

              	
                100.000%

              

      

      

      Notwithstanding
        the foregoing, at any time prior to October 15, 2009 the Company may on any
        one
        or more occasions redeem the Notes at a redemption price of 106.750% of the
        principal amount thereof, plus accrued and unpaid interest, and Additional
        Tax
        Amounts, if any, to the redemption date, with the net cash proceeds of one
        or
        more Qualified Equity Offerings; provided that (i) at least €50.0 million in the
        aggregate principal amount of the Notes (including any Additional Notes)
        issued
        under the Indenture remains outstanding immediately after the occurrence
        of such
        redemption (excluding Notes held by the Company and the Company’s Subsidiaries)
        and (ii) the redemption must occur within six months of the date of the closing
        of any such Qualified Equity Offering.

       

      (b)
        The
        Company may redeem the Notes, in whole but not in part, at its discretion
        at any
        time upon giving not less than 10 nor more than 60 days’ prior notice to
        the Holders (which notice will be irrevocable and given in accordance with
        the
        procedures described in Section 10.2 of the Indenture), at a redemption price
        equal to the principal amount thereof, together with accrued and unpaid
        interest, if any, to the date fixed by the Company for redemption, (the “Tax
        Redemption Date”), and all Additional Tax Amounts (if any) then due and which
        will become due on the Tax Redemption Date as a result of the redemption
        or
        otherwise (and in the case of Notes that are in physical, certificated form,
        subject to the right of Holders on the relevant record date to receive interest
        due on the relevant Interest Payment Date and Additional Tax Amounts (if
        any) in
        respect thereof), if on the next date on which any amount would be payable
        in
        respect of the Notes, the Company has or would be required to pay Additional
        Tax
        Amounts, and the Company cannot avoid any such payment obligation taking
        reasonable measures available, as a result of:

       

      
        
          
          

        

        
          A-3

          
            

          

        

        
          
          

        

      

      (i) any
        change in, or amendment to, the laws or treaties (or any regulations, or
        rulings
        promulgated thereunder) of the relevant Tax Authority affecting taxation
        which
        becomes effective on or after January 19, 2007 (or, if the relevant Tax
        Authority has changed since January 19, 2007, the date on which the then
        current
        Tax Authority became the applicable Tax Authority under the Indenture);
        or

       

      (ii) any
        change in, or amendment to, the existing official position or the introduction
        of an official position regarding the application, administration or
        interpretation of such laws, treaties, regulations or rulings (including
        a
        holding, judgment or order by a court of competent jurisdiction or a change
        in
        published practice), and becomes effective on or after January 19, 2007 (or,
        if
        the relevant Tax Authority has changed since January 19, 2007, the date on
        which
        the then current Tax Authority became the applicable Tax Authority under
        the
        Indenture).

       

      The
        Company will not give any such notice of redemption earlier than 90 days
        prior to the earliest date on which the Company would be obligated to make
        such
        payment or withholding if a payment in respect of the Notes were then due.
        Prior
        to the publication or, where relevant, mailing of any notice of redemption
        of
        the Notes pursuant to the foregoing, the Company will deliver to the Trustee
        (a) an Officers’ Certificate to the effect that the Company cannot avoid
        such obligation to pay Additional Tax Amounts by taking reasonable measures
        available to it and (b) an Opinion of Counsel to the effect that the
        Company will be obligated to pay Additional Tax Amounts as a result of an
        event
        described above.

       

      6. Additional
        Tax Amounts.
        The
        Company and the Guarantors will pay to the Holders of the Notes any Additional
        Tax Amounts as may become payable under Section 4.20 of the
        Indenture.

       

      7. Notice
        of Redemption.
        Notice
        of redemption will be given at least 10 days but not more than 60 days before
        the redemption date to each Holder of the Notes to be redeemed. For Notes
        which
        are represented by global certificates held on behalf of the Depository,
        notices
        may be given by delivery of the relevant notices to the Depository for
        communication to entitled account holders in substitution for the aforesaid
        publication. If, and for so long as, any Notes are listed on the Official
        List
        of the Luxembourg Stock Exchange and eligible to be traded on the Euro MTF
        market of that exchange and its rules so require, notices will be published
        on
        the website of the Luxembourg Stock Exchange at www.bourse.lu
        or, if
        the rules so require, in a newspaper having a general circulation in Luxembourg
        (which is expected to be the d’Wort)
        and, in
        connection with any redemption, the Company will notify the Luxembourg Stock
        Exchange of any change in the principal amount of Notes outstanding. The
        Notes
        in denominations larger than €50,000 may be redeemed in part but only in
        integral multiples of €50,000, unless all the Notes held by a Holder are to be
        redeemed. In the event of a redemption of less than all of the Notes, the
        Notes
        will be chosen for redemption by the Trustee in accordance with the Indenture.
        On and after the redemption date, interest ceases to accrue on the Notes
        or
        portions of them called for redemption.

       

      If
        this
        Note is redeemed subsequent to a Record Date with respect to any Interest
        Payment Date specified above and on or prior to such Interest Payment Date,
        then
        any accrued interest will be paid to the Person in whose name this Note is
        registered at the close of business on such Record Date.

       

      8. Mandatory
        Redemption.
        Except
        as set forth in paragraph 8 below, the Company shall not be required to
        repurchase or to make mandatory redemption payments with respect to the Notes.
        There are no sinking fund payments with respect to the Notes.

       

      
        
          
          

        

        
          A-4

          
            

          

        

        
          
          

        

      

      9. Repurchase
        at Option of Holder.
        This
        Note is subject to purchase at the option of the Holder upon the circumstances
        set forth in Sections 3.10, 4.17 and 4.18 of the Indenture.

       

      10. Subordination.
        The
        payment of the principal of, interest on, Additional Tax Amounts or any other
        amounts due on the Notes is subordinated in right of payment to all existing
        and
        future Senior Debt of the Company, as described in the Indenture. Each Holder,
        by accepting a Note, agrees to such subordination and authorizes and directs
        the
        Trustee on its behalf to take such action as may be necessary or appropriate
        to
        effectuate the subordination so provided and appoints the Trustee as its
        attorney-in-fact for such purpose.

       

      11. Denominations,
        Transfer, Exchange.
        The
        Notes are in registered form without coupons in minimum denominations of
€50,000
        and integral multiples of €50,000 in excess thereof. The transfer of Notes may
        be registered and Notes may be exchanged as provided in the Indenture. The
        Registrar and the Trustee may require a Holder, among other things, to furnish
        appropriate endorsements and transfer documents and the Company may require
        a
        Holder to pay any taxes and fees required by law or permitted by the Indenture.
        The Company need not exchange or register the transfer of any Note or portion
        of
        a Note selected for redemption, except for the unredeemed portion of any
        Note
        being redeemed in part. Also, the Company need not exchange or register the
        transfer of any Notes for a period of 15 days before a selection of Notes
        to be
        redeemed or during the period between a record date and the corresponding
        Interest Payment Date.

       

      12. Persons
        Deemed Owners.
        The
        registered Holder of a Note may be treated as its owner for all
        purposes.

       

      13. Amendment,
        Supplement and Waiver.
        Subject
        to certain exceptions, the Indenture with respect to the Notes or the Notes
        may
        be amended or supplemented with the consent of, and any existing default
        or
        event of default or compliance with any provision of the Indenture or the
        Notes
        may be waived with the consent of: (A) Holders of a majority in aggregate
        principal amount at stated maturity of the Notes (with respect to matters
        requiring only the consent of such Holders), or (B) holders of a majority
        in
        aggregate principal amount at stated maturity of (1) the Notes and
        (2) the 8% Notes and the 6 3/4%
        Notes,
        if the Holders of the 8% Notes and the 6 3/4%
        Notes
        are being requested to consent to such action with respect to the terms of
        such
        notes or the indenture under which such notes were issued, or (C) holders
        of a
        majority in aggregate principal amount at stated maturity of (1) the Notes,
        (2) the 8 5/8%
        Notes,
        the 7 3/4%
        Notes,
        the 7 1/4%
        Notes,
        the 6 5/8%
        Notes,
        the 8 3/4%
        Notes,
        the 8% Notes and the 6 3/4%
        Notes,
        (the “Previously Issued Notes”), if the holders of the Previously Issued Notes
        are being requested to consent to such action with respect to the terms of
        the
        Previously Issued Notes or the indentures under which the Previously Issued
        Notes were issued, and (3) any other issue or series of notes issued by the
        Company that rank pari
        passu
        with the
        Notes, if such notes or the indenture pursuant to which such notes were issued
        both (i) require the consent of the holders of such notes to such action,
        and (ii) provide that the such holders will vote with the Holders of the
        Notes and the other securities referenced above with respect to such action.
        Without the consent of any Holder of the Notes, the Indenture with respect
        to
        the Notes or the Notes may be amended or supplemented to, in addition to
        other
        events more fully described in the Indenture, cure any ambiguity, defect
        or
        inconsistency, provide for uncertificated Notes in addition to or in place
        of
        certificated Notes, provide for the assumption of the Company’s obligations to
        Holders of the Notes in the case of a merger or consolidation, make any change
        that would provide any additional rights or benefits to the Holders of the
        Notes
        or that does not adversely affect the legal rights under the Indenture of
        any
        such Holder, or comply with requirements of the SEC in order to effect or
        maintain the qualification of the Indenture under the TIA.

       

      14. Defaults
        and remedies.
        An
        Event of Default with respect to the Notes occurs upon the occurrence of
        any of
        the following events: the default for 30 days in the payment when due of
        interest on the Notes or Additional Tax Amounts, if any (whether or not
        prohibited by the subordination provisions of the Indenture); the default
        in
        payment when due of the principal of or premium, if any, on 

       

      
        
          
          

        

        
          A-5

          
            

          

        

        
          
          

        

      

      the
        Notes
        (whether or not prohibited by the subordination provisions of the Indenture);
        the failure by the Company to comply with Section 4.18 of the Indenture;
        the
        failure by the Company or any Guarantor for 60 days after written notice
        from
        the Trustee or Holders of not less than 25% of the aggregate principal amount
        of
        the Notes (including Additional Notes, if any) outstanding to comply with
        any of
        its other agreements in the Indenture, Notes or the Subsidiary Guarantees;
        the
        default under any mortgage, indenture or instrument under which there may
        be
        issued or by which there may be secured or evidenced any Indebtedness for
        money
        borrowed by the Company or any of its Restricted Subsidiaries (or the payment
        of
        which is guaranteed by the Company or any of its Restricted Subsidiaries)
        whether such Indebtedness or guarantee exists on the date of the Indenture
        or is
        created thereafter, if: (i) such default results in the acceleration of such
        Indebtedness prior to its express maturity or shall constitute a default
        in the
        payment of such Indebtedness at final maturity of such Indebtedness; and
        (ii)
        the principal amount of any such Indebtedness that has been accelerated or
        not
        paid at maturity, when added to the aggregate principal amount of all other
        such
        Indebtedness that has been accelerated or not paid at maturity, exceeds $50.0
        million; the failure by the Company or any of its Restricted Subsidiaries
        to pay
        final judgments aggregating in excess of $50.0 million, which judgments remain
        unpaid, undischarged or unstayed for a period of 60 days; certain events
        of
        bankruptcy or insolvency with respect to the Company or any of its Restricted
        Subsidiaries that is a Significant Subsidiary; or except as permitted by
        the
        Indenture or the Subsidiary Guarantees, any Subsidiary Guarantee issued by
        a
        Restricted Subsidiary shall be held in any judicial proceeding to be
        unenforceable or invalid or shall cease for any reason to be in full force
        and
        effect, or any Restricted Subsidiary or any Person acting on behalf of any
        Restricted Subsidiary shall deny or disaffirm in writing its obligations
        under
        its Subsidiary Guarantee.

       

      If
        any Event of Default occurs and is continuing, the Trustee or the Holders
        of at
        least 25% in principal amount of the then outstanding Notes (including
        Additional Notes, if any) may declare all the Notes to be due and payable
        immediately; provided, however, that if any Obligation with respect to Senior
        Bank Debt is outstanding pursuant to the Credit Agreement upon a declaration
        of
        acceleration of the Notes, the principal, premium or Additional Tax Amounts,
        if
        any, and interest on the Notes will not be payable until the earlier of:
        (1) the
        day which is five business days after written notice of acceleration is received
        by the Company and the Credit Agent; or (2) the date of acceleration of the
        Indebtedness under the Credit Agreement. Notwithstanding the foregoing, in
        the
        case of an Event of Default arising from certain events of bankruptcy or
        insolvency with respect to the Company or any Restricted Subsidiary that
        is a
        Significant Subsidiary, the principal of, and premium and Additional Tax
        Amounts, if any, and any accrued and unpaid interest on all outstanding Notes
        will become due and payable without further action or notice. In the event
        of a
        declaration of acceleration of the Notes because an Event of Default has
        occurred and is continuing as a result of the acceleration of any Indebtedness
        described in Section 6.1(e) of the Indenture, the declaration of acceleration
        of
        the Notes shall be automatically annulled if the holders of any Indebtedness
        described in such section have rescinded the declaration of acceleration
        in
        respect of such Indebtedness within 30 days from the date of such
        declaration and if: (1) the annulment of the acceleration of the Notes would
        not
        conflict with any judgment or decree of a competent jurisdiction; and (2)
        all
        existing Events of Default, except non-payment of principal, interest, premium
        and Additional Tax Amounts, if any, on the Notes that became due solely because
        of the acceleration of the Notes, have been cured or waived. 

       

      Subject
        to certain limitations, Holders of a majority in principal amount of the
        then
        outstanding Notes may direct the Trustee in its exercise of any trust or
        power.
        The Trustee may withhold from Holders of the Notes notice of any continuing
        Default or Event of Default (except a Default or Event of Default relating
        to
        the payment of principal, interest or Additional Tax Amounts if it determines
        that withholding notice is in their interest. The Company is required to
        deliver
        to the Trustee annually a statement regarding compliance with the Indenture,
        and
        the Company is required, upon becoming aware of any Default or Event of Default,
        to deliver to the Trustee a statement specifying such Default or Event of
        Default and what action the Company is taking or proposes to take
        thereto.

       

      
        
          
          

        

        
          A-6

          
            

          

        

        
          
          

        

      

      15. Subsidiary
        Guarantees.
        Payment
        of principal of, premium or Additional Tax Amounts, if any, and interest
        (including interest on overdue principal, if any, and interest, if lawful)
        on
        the Notes is guaranteed on an unsecured, senior subordinated basis by the
        Guarantors pursuant to Article XII of the Indenture.

       

      16. Trustee
        Dealings with Company.
        The
        Trustee, in its individual or any other capacity, may make loans to, accept
        deposits from, and perform services for the Company or its Affiliates, and
        may
        otherwise deal with the Company or its Affiliates, as if it were not the
        Trustee.

       

      17. No
        Recourse Against Others.
        No
        past, present or future director, officer, employee, incorporator or
        stockholder, as such, of the Company or any Guarantor shall have any liability
        for any obligations of the Company or any Guarantor under the Notes, the
        Subsidiary Guarantees or the Indenture or for any claim based on, in respect
        of
        or by reason of such obligations or their creation. Each Holder by accepting
        a
        Note and the related Subsidiary Guarantees waives and releases all such
        liability. The waiver and release are part of the consideration for the issuance
        of the Notes.

       

      18. Authentication.
        This
        Note shall not be valid until authenticated by the manual signature of the
        Trustee or an authenticating agent.

       

      19. Abbreviations.
        Customary abbreviations may be used in the name of a Holder or an assignee,
        such
        as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties),
        JT TEN
        (= joint tenants with right of survivorship and not as tenants in common),
        CUST
        (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

       

      20. ISIN
        Numbers.
        The
        Company has caused ISIN numbers to be printed on the Notes and the Trustee
        may
        use ISIN numbers in notices of redemption as a convenience to Holders. No
        representation is made as to the accuracy of such numbers either as printed
        on
        the Notes or as contained in any notice of redemption and reliance may be
        placed
        only on the other identification numbers placed thereon.

       

      The
        Company shall furnish to any Holder upon written request and without charge
        a
        copy of the Indenture. Requests may be made to:

       

      Iron
        Mountain Incorporated

      745
        Atlantic Avenue

      Boston,
        Massachusetts 02111

      Attention:
        Chief Financial Officer

       

      
        
          
          

        

        
          A-7

          
            

          

        

        
          
          

        

      

      ASSIGNMENT
        FORM

       

      To
        assign
        this Note, fill in the form below: (I) or (we) assign and transfer this Note
        to

       

      

       

      ______________________________________________________________________________

       

      (Insert
        assignee’s soc. sec. or tax I.D.no.)

       

      ______________________________________________________________________________

       

      ______________________________________________________________________________

       

      ______________________________________________________________________________

       

      ______________________________________________________________________________

       

      (Print
        or
        type assignee’s name, address and zip code)

       

      and
        irrevocably appoint __________________________________________________________

       

      to
        transfer this Note on the books of the Company. The agent may substitute
        another
        to act for him.

       

      ______________________________________________________________________________

       

      Date:
        ______________

       

      Your
        Signature: ________________________________________________________________

       

      (Sign
        exactly as your name appears on the face of this Note)

       

      

      
        
          
          

        

        
          A-8

          
            

          

        

        
          
          

        

      

      

      OPTION
        OF
        HOLDER TO ELECT PURCHASE

       

      If
        you
        want to elect to have this Note purchased by the Company pursuant to Section
        4.17 or 4.18 of the Indenture, check the box below:

       

      
        	 	
                 ̈

              	
                Section
                  4.17

              

      

       

      
        	 	
                 ̈

              	
                Section
                  4.18

              

      

       

      If
        you
        want to elect to have only part of the Note purchased by the Company pursuant
        to
        Section 4.17 of the Indenture, state the amount you elect to have purchased:
        $__________

       

      
        	
                Date:
                  __________

                 

              	
                Your
                  Signature: ____________________________

                 

              
	 	
                Sign
                  exactly as your name appears on the Note)

                 

              
	 	
                Tax
                  Identification No.:_______________________

                 

              

      

      
        
          
          

        

        
          A-9

          
            

          

        

        
          
          

        

      

      SCHEDULE
        OF EXCHANGES OF NOTES* 

       

      The
        following exchanges of a part of this Global Note for other Notes have been
        made:

       

      
        	
                Date
                  of Exchange

              	
                Amount
                  of decrease in Principal Amount of this Global Note

              	
                Amount
                  of increase in Principal Amount of this Global Note

              	
                Principal
                  Amount of this Global Note following such decrease (or
                  increase)

              	
                Signature
                  of authorized office 

                of
                  Trustee or Service Agent

              
	 	 	 	 	 

      

      

      

       

      

        

        
          *This
            schedule should be included only if the Note is issued in global
            form.

           

        

      

      
        
          
          

        

        
          A-10

          
            

          

        

        
          
          

        

      

      

        EXHIBIT
          B

      

      Form
        of Supplemental Indenture

      To
        Be Delivered By Future Guarantors

       

      Supplemental
        Indenture
        (this
“Supplemental
        Indenture”),
        dated
        as of ________________, 20__, among _______________ (the “Guaranteeing
        Subsidiary”),
        a
        subsidiary of Iron Mountain Incorporated (or its successor), a Delaware
        corporation (the “Company”),
        the
        Company, and The Bank of New York Trust Company, N.A., a national banking
        association, as trustee under the Indenture referred to below (the “Trustee”).

       

      W
        I T N E
        S S E T H

       

      WHEREAS,
        the Company has heretofore executed and delivered to the Trustee an indenture,
        dated as of December 30, 2002, as supplemented by the Fifth Supplemental
        Indenture, dated as of January 19, 2007 (the indenture, as so supplemented,
        the
“Indenture”)
        providing for the issuance of an aggregate principal amount of up to
€225,000,000 of 63⁄4 % Senior Subordinated Notes due 2018 (the “Notes”);

       

      WHEREAS,
        the Indenture provides that under certain circumstances the Guaranteeing
        Subsidiary shall execute and deliver to the Trustee a supplemental indenture
        pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee
        all of the Company’s obligations under the Notes and the Indenture on the terms
        and conditions set forth herein (the “Note
        Guarantee”);
        and

       

      WHEREAS,
        pursuant to Section 9.1 of the Indenture, the Trustee is authorized to execute
        and deliver this Supplemental Indenture.

       

      NOW
        THEREFORE, in consideration of the foregoing and for other good and valuable
        consideration, the receipt of which is hereby acknowledged, the Guaranteeing
        Subsidiary and the Trustee mutually covenant and agree for the equal and
        ratable
        benefit of the Holders of the Notes as follows:

       

      1. Capitalized
        Terms.
        Capitalized terms used herein without definition shall have the meanings
        assigned to them in the Indenture.

       

      2. Agreement
        to Guarantee.
        The
        Guaranteeing Subsidiary hereby agrees that its obligations to the Holder
        and the
        Trustee pursuant to this Subsidiary Guarantee shall be as expressly set forth
        in
        Article XII of the Indenture and in such other provisions of the Indenture
        as
        are applicable to the Guarantors (including, without limitation, Article
        XIII of
        the Indenture), and reference is made to the Indenture for the precise terms
        of
        this Supplemental Indenture. The terms of Article XII of the Indenture and
        such
        other provisions of the Indenture (including, without limitation, Article
        XIII
        of the Indenture) as are applicable to the Guarantors are incorporated herein
        by
        reference.

       

      3. Execution
        and Delivery of Subsidiary
        Guarantees.

       

      (a) If
        an
        Officer whose signature is on this Supplemental Indenture no longer holds
        that
        office at the time the Trustee authenticates the Note, the Subsidiary Guarantee
        shall be valid nevertheless.

       

      (b) The
        delivery of any Note by the Trustee, after the authentication thereof under
        the
        Indenture, shall constitute due delivery of the Subsidiary Guarantee set
        forth
        in this Supplemental Indenture on behalf of the Guaranteeing
        Subsidiary.

       

      4. No
        Recourse Against Others.
        No
        past, present or future director, officer, employee, incorporator or stockholder
        of the Guaranteeing Subsidiary, as such, shall have any liability for

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      any
        obligations of the Company or any Guarantor (including the Guaranteeing
        Subsidiary) under the Notes, any Subsidiary Guarantee, the Indenture or this
        Supplemental Indenture or for any claim based on, in respect of, or by reason
        of, such obligations or their creation. Each Holder of the Notes by accepting
        a
        Note waives and releases all such liability. The waiver and release are part
        of
        the consideration for issuance of the Notes. 

       

      5. NEW
        YORK
        LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND
        BE
        USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING EFFECT TO
        APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION
        OF
        THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

       

      6. Counterparts.
        The
        parties may sign any number of copies of this Supplemental Indenture. Each
        signed copy shall be an original, but all of them together represent the
        same
        agreement.

       

      7. Effect
        of
        Headings.
        The
        Section headings herein are for convenience only and shall not affect the
        construction hereof.

       

      8. The
        Trustee.
        The
        Trustee shall not be responsible in any manner whatsoever for or in respect
        of
        the validity or sufficiency of this Supplemental Indenture or for or in respect
        of the recitals contained herein, all of which recitals are made solely by
        the
        Guaranteeing Subsidiary and the Company.

       

      
        
          
          

        

        
          B-2

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture
        to
        be duly executed and attested, all as of the date first above
        written.

       

      Dated:
        _______________, 20___

       

      

        
          	 	
                  [Guaranteeing
                    Subsidiary]

                
	 	
                   

                  By:________________________________

                
	 	
                  Name:

                
	 	
                  Title:

                
	 	 
	 	 
	 	
                  [Company]

                
	 	 
	 	 
	 	
                  By:
                    ________________________________

                
	 	
                  Name:

                
	 	
                  Title:

                
	 	 
	 	 
	 	
                  [Trustee],

                
	 	
                  as
                    Trustee

                
	 	
                  By:
                    ________________________________

                
	 	
                  Authorized
                    Signatory

                

        

      

      

       

       

       

      B-3

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