Document:

Exhibit 4.7

 

 

	
 
    

 

 

IRON MOUNTAIN EUROPE PLC

 

IRON MOUNTAIN INCORPORATED

 

IRON MOUNTAIN REIT, INC.

 

THE GUARANTORS NAMED HEREIN

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 

and

 

SOCIÉTÉ GÉNÉRALE BANK & TRUST

as Paying Agent, Registrar and Transfer Agent

 

 

FIRST SUPPLEMENTAL INDENTURE

 

 

Dated as of January 20, 2015

 

 

TO

 

 

SENIOR INDENTURE

 

 

Dated as of September 18, 2014

 

 

	
 
    

 

 

TABLE OF CONTENTS

 

	
 
    	
 
    	
Page
    
	
 
    	
 
    	
 
    
	
ARTICLE 1 Assumption
    	
2
    
	
 
    	
 
    	
 
    
	
Section   1.01.
    	
Assumption of   Obligations
    	
2
    
	
Section   1.02.
    	
Successor Corporation   Substituted
    	
2
    
	
 
    	
 
    	
 
    
	
ARTICLE 2 Miscellaneous
    	
2
    
	
 
    	
 
    	
 
    
	
Section   2.01.
    	
Conflict of Any   Provision of Indenture with Trust Indenture Act
    	
2
    
	
Section   2.02.
    	
Duplicate Originals
    	
2
    
	
Section   2.03.
    	
New York Law to Govern
    	
2
    
	
Section   2.04.
    	
No Adverse   Interpretation of Other Agreements
    	
2
    
	
Section   2.05.
    	
Severability
    	
2
    
	
Section   2.06.
    	
Effect of Headings
    	
3
    
	
Section   2.07.
    	
No Personal Liability   of Directors, Officers, Employees and Stockholders
    	
3
    
	
Section   2.08.
    	
Provisions of   Supplemental Indenture for the Sole Benefit of Parties and Holders
    	
3
    
	
Section   2.09.
    	
Execution as   Supplemental Indenture
    	
3
    
	
Section   2.10.
    	
Ratification and   Incorporation of Indenture
    	
3
    
	
Section   2.11.
    	
Trustee
    	
3
    

 

 

THIS FIRST SUPPLEMENTAL INDENTURE, dated as of January 20, 2015 (the “First Supplemental Indenture”), is among IRON MOUNTAIN EUROPE PLC, a public limited company under the laws of England and Wales (the “Company”), IRON MOUNTAIN INCORPORATED, a Delaware corporation (“Iron Mountain”), IRON MOUNTAIN REIT, INC., a Delaware corporation and wholly owned subsidiary of Iron Mountain (“Iron Mountain REIT”), the Guarantors signatory hereto (the “Guarantors”) WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Trustee (“Trustee”), SOCIÉTÉ GÉNÉRALE BANK & TRUST as Paying Agent (the “Paying Agent”), Registrar (the “Registrar”) and Transfer Agent (the “Transfer Agent”). Capitalized terms used herein without definition shall have the respective meanings ascribed to them in the Indenture (as defined below).

 

WITNESSETH THAT:

 

WHEREAS, Iron Mountain, the Trustee and the Paying Agent, Registrar and Transfer Agent are parties to that certain Senior Indenture, dated as of September 18, 2014 (the “Base Indenture” and as supplemented, amended or modified from time to time, the “Indenture”), relating to the 6.125% GBP Senior Notes due 2022 (the “Securities”);

 

WHEREAS, Iron Mountain and Iron Mountain REIT entered into an Agreement and Plan of Merger dated as of November 12, 2014 (the “Merger Agreement”), providing for the merger of Iron Mountain with and into Iron Mountain REIT (the “Merger”), with Iron Mountain REIT as the surviving corporation;

 

WHEREAS, Section 5.1(2) of the Base Indenture provides that, with respect to Iron Mountain, in the event of a merger, the surviving corporation shall expressly assume by supplemental indenture all of Iron Mountain’s obligations under the Indenture and all the Securities;

 

WHEREAS, the Merger complies with the other provisions of Section 5.1 of the Base Indenture;

 

WHEREAS, Section 9.1(c) of the Base Indenture permits Iron Mountain and the Trustee to enter into a supplemental indenture to the Base Indenture without prior notice to or consent of the Holders of any outstanding Securities for the purpose of evidencing the assumption of Iron Mountain’s obligations to Holders of the Securities in the case of a merger, consolidation or amalgamation of Iron Mountain;

 

WHEREAS, effective as of 11:59 p.m., Eastern Time, on January 20, 2015 (the “Effective Time”), Iron Mountain will merge pursuant to the Merger Agreement, with Iron Mountain REIT as the surviving corporation (which will be renamed “Iron Mountain Incorporated” simultaneous with or immediately following the Merger);

 

WHEREAS, Iron Mountain has requested that the Trustee, Paying Agent, Registrar and Transfer Agent execute and deliver this Supplemental Indenture and the execution and delivery of this Supplemental Indenture has been duly authorized in all respects; and

 

WHEREAS, all acts and requirements necessary to make this Supplemental Indenture, when executed and delivered by the parties hereto, the legal, valid and binding obligation of each of Iron Mountain and Iron Mountain REIT, in accordance with its terms, have been done.

 

NOW, THEREFORE:

 

Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the Holders of the Securities.

 

 

ARTICLE 1
 ASSUMPTION

 

Section 1.01.                                   ASSUMPTION OF OBLIGATIONS.

 

Effective as of the Effective Time, Iron Mountain REIT, as the surviving entity in the Merger, expressly assumes by this Supplemental Indenture all of the obligations of Iron Mountain under the Indenture and all the Securities.

 

Section 1.02.                                   SUCCESSOR CORPORATION SUBSTITUTED.

 

Effective as of the Effective Time, Iron Mountain REIT shall succeed to, and be substituted for (so that from and after the Effective Time, the provisions of the Indenture referring to the “Parent” shall refer instead to Iron Mountain REIT and not to Iron Mountain), and may exercise every right and power of, Iron Mountain under the Indenture with the same effect as if Iron Mountain REIT had been named as the Parent therein.

 

ARTICLE 2
 MISCELLANEOUS

 

Section 2.01.                                   CONFLICT OF ANY PROVISION OF INDENTURE WITH TRUST INDENTURE ACT.

 

If and to the extent that any provision of this Supplemental Indenture limits, qualifies or conflicts with another provision included in this Supplemental Indenture by operation of Sections 310 to 317, inclusive, of the Trust Indenture Act (an “Incorporated Provision”), such Incorporated Provision shall control.

 

Section 2.02.                                   DUPLICATE ORIGINALS.

 

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. Delivery of an executed counterpart by facsimile shall be effective as delivery of a manually executed counterpart thereof.

 

Section 2.03.                                   NEW YORK LAW TO GOVERN.

 

THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE 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.

 

Section 2.04.                                   NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS.

 

This Supplemental Indenture may not be used to interpret another indenture, loan or debt agreement of Iron Mountain, Iron Mountain REIT or any of their respective Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Supplemental Indenture.

 

Section 2.05.                                   SEVERABILITY.

 

If any provision of this Supplemental Indenture shall be held to be invalid, illegal or unenforceable under applicable law, then the remaining provisions hereof shall be construed as though such invalid, illegal or unenforceable provision were not contained herein.

 

2

 

Section 2.06.                                   EFFECT OF HEADINGS.

 

The Article and Section headings in this Supplemental Indenture and the Table of Contents are for convenience only and shall not affect the construction hereof.

 

Section 2.07.                                   NO PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES AND STOCKHOLDERS.

 

No past, present or future director, officer, employee, incorporator, stockholder or agent of Iron Mountain or Iron Mountain REIT, as such, shall have any liability for any obligations of Iron Mountain or Iron Mountain REIT under this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities of any series.

 

Section 2.08.            PROVISIONS OF SUPPLEMENTAL INDENTURE FOR THE SOLE BENEFIT OF PARTIES AND HOLDERS.

 

Nothing in this Supplemental Indenture, expressed or implied, shall give or be construed to give to any person, firm or corporation, other than the parties hereto and their successors and the Holders of the Securities, any legal or equitable right, remedy or claim under this Supplemental Indenture or under any covenant or provision herein contained, all such covenants and provisions being for the sole benefit of the parties hereto and their successors and of the Holders of the Securities.

 

Section 2.09.                                   EXECUTION AS SUPPLEMENTAL INDENTURE.

 

This Supplemental Indenture is executed and shall be construed as an indenture supplemental to the Base Indenture and, as provided in the Base Indenture, this Supplemental Indenture forms a part thereof.

 

Section 2.10.                                   RATIFICATION AND INCORPORATION OF INDENTURE.

 

As supplemented hereby, the Base Indenture is in all respects ratified and confirmed, and the Base Indenture and this Supplemental Indenture shall be read, taken and construed as one and the same instrument.

 

Section 2.11.                                   TRUSTEE.

 

The Trustee makes no representations as to the validity or adequacy of this Supplemental Indenture, and it shall not be responsible for any statement or recital herein.

 

[Remainder of Page Left Blank Intentionally; Signature Page Follows Immediately.]

 

3

 

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

 

 

	
IRON MOUNTAIN EUROPE   PLC
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Roderick Day
    	
 
    
	
 
    	
Name: Roderick Day
    	
 
    
	
 
    	
Title: Director
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
IRON MOUNTAIN   INCORPORATED
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ John P. Lawrence
    	
 
    
	
 
    	
Name: John P. Lawrence
    	
 
    
	
 
    	
Title: Senior Vice   President and Treasurer
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
IRON MOUNTAIN REIT, INC.
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ John P. Lawrence
    	
 
    
	
 
    	
Name: John P. Lawrence
    	
 
    
	
 
    	
Title: Senior Vice   President and Treasurer
    	
 
    

 

 

IRON MOUNTAIN FULFILLMENT SERVICES, INC.

IRON MOUNTAIN GLOBAL HOLDINGS, INC.

IRON MOUNTAIN HOLDINGS GROUP, INC.

IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES, INC.

IRON MOUNTAIN INTELLECTUAL PROPERTY MANAGEMENT, INC.

IRON MOUNTAIN SECURE SHREDDING, INC.

IRON MOUNTAIN US HOLDINGS, INC.

MOUNTAIN RESERVE III, INC.

NETTLEBED ACQUISITION CORP.

IRON MOUNTAIN INFORMATION MANAGEMENT, LLC, and

IRON MOUNTAIN GLOBAL, LLC

 

	
 
    	
 
    	
 
    
	
By:
    	
/s/ John P. Lawrence
    	
 
    
	
 
    	
Name: John P. Lawrence
    	
 
    
	
 
    	
Title: Senior Vice   President and Treasurer
    	
 
    

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 

	
 
    	
 
    	
 
    
	
By:
    	
/s/ Stefan Victory
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name: Stefan Victory
    	
 
    
	
 
    	
Title: Vice President
    	
 
    

 

 

SOCIÉTÉ GÉNÉRALE BANK & TRUST, as Paying Agent, Registrar and Transfer Agent

 

	
 
    	
 
    	
 
    
	
By:
    	
/s/ Benoît Willers
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name: Benoît Willers
    	
 
    
	
 
    	
Title: Head of Custody   and Issuer ServicesExhibit 4.8

 

SECOND AMENDMENT TO

REIT STATUS PROTECTION RIGHTS AGREEMENT

 

This SECOND AMENDMENT TO REIT STATUS PROTECTION RIGHTS AGREEMENT (the “Amendment”) dated as of January 20, 2015, is by and between Iron Mountain Incorporated, a Delaware corporation (the “Company”), and Computershare Inc., a Delaware corporation, as Rights Agent (the “Rights Agent”). Capitalized terms used herein without definition shall have the meanings ascribed thereto in the REIT Status Protection Rights Agreement, dated as of December 9, 2013 (the “Agreement”).

 

WHEREAS, the Company and the Rights Agent are parties to the Agreement;

 

WHEREAS, subject to certain limited exceptions, Section 26 of the Agreement provides that the Company may, in its sole and absolute discretion, and the Rights Agent shall, if the Company so directs, supplement or amend any provision of the Agreement in any respect without the approval of the holders of the Rights;

 

WHEREAS, this Amendment is permitted by and is made in compliance with the terms of Section 26 of the Agreement; and

 

WHEREAS, pursuant to Section 26 of the Agreement, the Company hereby directs that the Agreement shall be amended as set forth in this Amendment.

 

NOW, THEREFORE, in consideration of the mutual agreements herein set forth, the parties hereto agree as follows:

 

1.             Clause (i) of Section 7.1 of the Agreement is hereby replaced in its entirety to read as follows:

 

“(i) 11:59 p.m., Eastern Time, on January 20, 2015 (the “Final Expiration Date”),”

 

2.             The first sentence of the capitalized introductory language in the Form of Right Certificate, attached to the Agreement as Exhibit B, is hereby replaced in its entirety to read as follows:

 

“NOT EXERCISABLE AFTER 11:59 P.M., EASTERN TIME, ON JANUARY 20, 2015 OR EARLIER IF NOTICE OF REDEMPTION OR EXCHANGE IS GIVEN, OR IF THE EXPIRATION DATE HAS OCCURRED (AS DEFINED IN SECTION 7.1 OF THE AGREEMENT).”

 

3.             The second sentence of the fifth paragraph in the Summary of Rights to Purchase Preferred Shares, attached to the Agreement as Exhibit C, is hereby replaced in its entirety to read as follows:

 

“The Rights will expire at 11:59 p.m., Eastern Time, on January 20, 2015, unless they earlier expire in accordance with Section 7.1 of the Agreement, subject to the Company’s right to extend such date (the “Final Expiration Date”), unless earlier redeemed or exchanged by the Company or terminated.”

 

 

4.             This Amendment shall be effective as of the day and year first above written.  Except as amended hereby, and as so amended, the Agreement shall remain in full force and effect and shall be otherwise unaffected hereby.

 

5.             The officer of the Company executing this Amendment hereby certifies to the Rights Agent that the amendments and supplements to the Agreement set forth in this Amendment are in compliance with the terms of Section 26 of the Agreement, and the certification contained in this paragraph 5 shall constitute the certification required by Section 26 of the Agreement.

 

6.             This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by, and construed in accordance with, the laws of such State applicable to contracts made and to be performed entirely within such State.

 

7.             This Amendment may be executed in separate counterparts, each of such counterparts shall for all purposes be deemed to be an original and all such counterparts shall together constitute but one and the same instrument.

 

[Remainder of Page Left Blank Intentionally; Signature Page Follows Immediately.]

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to REIT Status Protection Rights Agreement to be executed by their duly authorized officers as of the day and year first above written.

 

 

	
IRON   MOUNTAIN INCORPORATED
    	
COMPUTERSHARE, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/ Ernest   W. Cloutier
    	
 
    	
/s/ Dennis   V. Moccia
    
	
Name: Ernest   W. Coutier
    	
Name: Dennis   V. Moccia
    
	
Title: EVP,   U.S. Federal, Security &
    	
Title:   Manager, Contract Administration
    
	
Legal
    	
 
    
			

 

[Signature Page to Second Amendment to REIT Status Protection Rights Agreement]

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