Document:

Form of Letter Agreement

 Exhibit 10.42 
 [LETTERHEAD OF HOLDER] 
 March ___, 2007 
 Keith Taylor 
 Equinix, Inc. 
 301 Velocity Way, 5th Floor 
 Foster City, CA 94404 
  

	Re:	Exchange of the Equinix, Inc. 2.50% Convertible Debentures due February 15, 2024. 

 Dear Keith: 
 This will confirm your agreement to an exchange with the undersigned (the “Holder”)
of $[        ] principal amount of the 2.50% Convertible Debentures due February 15, 2024, CUSIP No. 29444UAE6 (the “Bonds”) of Equinix, Inc. (the “Company”), currently held by
Holder in exchange for (i) a number of shares of the Company’s common stock, par value $0.001 per share, CUSIP No. 29444U502 (the “Common Stock”) equal to the Exchange Shares (as defined below) and (ii) the Exchange
Payment (as defined below, and, together with the Exchange Shares, the “Exchange Consideration”), on the terms set forth herein (the “Exchange”). 
 1. Exchange of Bonds. The settlement of the Exchange will take place on or about March [    ], 2007 (the “Settlement Date”), at which time Holder will cause delivery of the
Bonds to the Company, and the Company will cause delivery to Holder of the Exchange Consideration, in exchange for the Bonds and all claims Holder may have arising out of or relating to the Bonds (including without limitation any accrued but unpaid
interest thereon). 
 2. Exchange Shares. The “Exchange Shares” shall be the number of shares of Common Stock which shall be
equal to 25.3165 shares of Common Stock per $1,000 principal amount of the Bonds. 
 3. Exchange Payment. The “Exchange
Payment”, per $1,000 principal amount of Bonds, shall equal $[            ], which equals the present value of all of the interest due under the Bonds to the Holder for the principal
amount being exchanged between the date hereof and February 15, 2009, plus $[            ]. 
 4. Representations, Warranties and Covenants. 
 (a) In connection with this
transaction, the Holder hereby represents, warrants, acknowledges and agrees as follows: 
 (1) The Holder is the sole legal
and beneficial owner of the Bonds and the Bonds being transferred hereunder are free and clear of any liens, charges or encumbrances and upon completion of the Exchange, Holder will convey to the Company good title to the Bonds free and clear of all
liens, charges and encumbrances. 

 (2) Neither the Holder nor anyone acting on Holder’s behalf has received any
commission or remuneration directly or indirectly in connection with or in order to solicit or facilitate the Exchange. 
 (3)
The Holder acknowledges that the transaction contemplated hereby is intended to be exempt from registration by virtue of Section 3(a)(9) of the Securities Act of 1933, as amended (the “Securities Act”). The Holder knows of no reason
why such exemption is not available. 
 (4) The Holder has sufficient experience in business, financial and investment matters
to be able to evaluate the risks involved in, and to make an informed investment decision with respect to, the Exchange and receipt of the Exchange Consideration and the Holder acknowledges that the Company makes no representation regarding the
value of the Bonds or the Exchange Consideration. 
 (5) The Holder has had such opportunity as it has deemed adequate to
obtain from representatives of the Company such information as is necessary to permit the Holder to evaluate the merits and risks of the transaction contemplated. 
 (6) Holder represents that (i) it has all of the power and authority necessary to enter into this transaction and to consummate the
transaction contemplated hereunder, (ii) it has taken all action as may be necessary to authorize the execution and delivery of this agreement and the consummation of the transaction contemplated by this agreement and the performance of its
obligations hereunder, (iii) this agreement is an obligation enforceable in accordance with its terms, and (iv) neither the execution and delivery hereof or the performance of its obligations hereunder will violate or contravene any
applicable requirements of law or any of its governing documents or material agreements. 
 (7) Holder covenants that, unless
otherwise required by law or if otherwise publicly disclosed by the Company, it will keep the terms of this agreement confidential and shall not disclose such terms to any other party (other than its investment manager, and the owners, employees,
agents, representatives and advisors, including, attorneys, accountants and consultants of the Holder and its investment manager (together, the “Representatives”), provided that such Representatives shall be advised of the confidentiality
obligations hereunder and Holder shall be responsible for any breach of the terms hereof by the Representatives). 
 (8)
Holder represents that it does not currently hold and will not hold after giving effect to this transaction in excess of 4.99% of the Common Stock of the Company based on 29,810,254 shares of Common Stock outstanding as of January 31, 2007.

 (b) In connection with this transaction, the Company hereby represents, warrants, acknowledges and agrees as follows:

 (1) Any Shares of Common Stock issued as part of the Exchange Consideration will not be “restricted securities”
within the meaning of the Securities Act and will be freely transferable by the Holder. The certificate(s) representing such shares will not bear a restrictive legend under the Securities Act. 

 (2) The Company acknowledges that the transaction contemplated hereby is intended to be
exempt from registration by virtue of Section 3(a)(9) of the Securities Act of 1933, as amended (the “Securities Act”). The Company knows of no reason why such exemption is not available. 
 (3) The Company represents that (i) it is a corporation duly organized and validly existing under the laws of the State of Delaware,
(ii) it has all of the corporate power and authority necessary to enter into this transaction and to consummate the transaction contemplated hereunder, (iii) it has taken all corporate action as may be necessary to authorize the execution
and delivery of this agreement and the consummation of the transaction contemplated by this agreement and the performance of its obligations hereunder, (iv) this agreement is an obligation enforceable in accordance with its terms, and
(v) neither the execution and delivery hereof or the performance of its obligations hereunder will violate or contravene any applicable requirements of law or any of its charter, by-laws or material agreements. 
 5. Governing Law. This Agreement shall be governed by the laws of the State of New York without giving effect to the conflict of law rules
contained therein and each party hereby irrevocably and unconditionally submits to the exclusive jurisdiction of any New York State court or Federal court sitting in New York City in any action or proceeding arising out of or relating to this
Agreement. 
  

			
	Very truly yours,
	
	[HOLDER]
		
	By:	 	  
		
	Signature:	 	  
		
	Title:	 	  

  

			
	AGREED AND ACCEPTED:
	
	EQUINIX, INC.
		
	By:	 	  
		
	Signature:	 	  
		
	Title:	 	  
		
	Date:Offer of Employment

 Exhibit 10.43 
 March 16, 2007 
 Stephen M. Smith 
 Dear Steve:

 Equinix Operating Company, Inc. (“Equinix”) is pleased to offer you employment on the following terms: 
 1. Position. You will serve in a full-time capacity of Chief Executive Officer and will report to the Board of Directors, Equinix. You will also serve as a member
of the Board of Directors of Equinix while serving as Chief Executive Officer. By signing this letter agreement, you represent and warrant to Equinix that you are under no contractual commitments inconsistent with your obligations to Equinix. We
acknowledge that you currently serve as a member of the Board of Directors of Ingres. 
 2. Salary. You will be paid a salary at the annual rate of
$450,000.00, which will be paid on a semi-monthly basis at $18,750 in accordance with Equinix’s standard payroll practices for salaried employees. This salary will be subject to adjustment pursuant to Equinix’s employee compensation
policies in effect from time to time. 
 3. Restricted Stock Awards. It has been recommended to the Compensation Committee of Equinix’s
Board of Directors that you be granted within 30 days of the commencement of your employment the following under Equinix’s 2000 Equity Incentive Plan and pursuant to the terms of the Notice of Restricted Stock Award and Restricted Stock
Agreement attached as Exhibit C: 
 (i) 24,000 restricted shares of common stock of Equinix vesting from your commencement of employment (the
“Vesting Commencement Date”). The first 25% of the shares subject to the award shall vest on the one year anniversary of the Vesting Commencement Date. Thereafter, an additional 12.5% of the shares subject to the award shall vest on your
completion of each six months of continuous service thereafter. 
 (ii) 60,000 performance-based restricted shares of common stock of Equinix
vesting from the Vesting Commencement Date. The first 25% of the shares subject to the award shall vest on the one year anniversary of the Vesting Commencement Date, provided a stock price appreciation target is met. Thereafter, an additional 12.5%
of the shares subject to the award shall vest on 

  

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your completion of each six months of continuous service thereafter provided certain stock price appreciation targets are met. Such stock price appreciation
targets shall be based on a price appreciation target of 8.75% per annum measured from the date you commence employment with Equinix. 
 Both restricted share awards will be subject to vesting acceleration as provided in the Severance Agreement, attached hereto as Exhibit B and the Restricted Stock Agreement, attached hereto as Exhibit C. 
 4. Proprietary Information and Inventions Agreement. Like all Equinix employees, you will be required, as a condition to your employment with Equinix, to sign
Equinix’s standard Proprietary Information and Inventions Agreement, a copy of which is attached hereto as Exhibit A. 
 5. Period of Employment.
Your employment with Equinix will be “at will,” meaning that either you or Equinix will be entitled to terminate your employment at any time and for any reason, with or without cause. Any contrary representations which may have been made
to you are superseded by this offer. This is the full and complete agreement between you and Equinix on this term. Although your job duties, title, compensation and benefits, as well as Equinix’s personnel policies and procedures, may change
from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and a duly authorized officer of Equinix. 
 6. Outside Activities. While you render services to Equinix, you will not engage in any other gainful employment, business or activity without the written consent of Equinix. Equinix consents to your continued
membership on the board of directors of Ingres Corporation. While you render services to Equinix, you also will not assist any person or organization in competing with Equinix, in preparing to compete with Equinix or in hiring any employees of
Equinix. 
 7. Indemnification. Equinix will indemnify you and pay for your legal expenses with respect to any claims, lawsuits or other proceedings
made or threatened against you or in which you are named as a party which arise out of the performance of your duties to Equinix to the maximum extent permitted by law and Equinix will provide Director and Officer insurance coverage in accordance
with its existing practice. The foregoing indemnification will cover you for your performance of duties on behalf of Equinix prior to your commencement of employment. 
 8. Withholding Taxes. All forms of compensation referred to in this letter are subject to reduction to reflect applicable withholding and payroll taxes. 
 9. Entire Agreement. This letter and the Exhibits attached hereto contain all of the terms of your employment with Equinix and supersede any prior understandings
or agreements, whether oral or written, between you and Equinix. 
  

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 10. Amendment and Governing Law. This letter agreement may not be amended or modified except by an express written
agreement signed by you and an authorized representative of Equinix’s Board of Directors. The terms of this letter agreement and the resolution of any disputes will be governed by the laws of the state of California. 
 11. Benefits. You and your dependents will be entitled to participate in the Company’s medical and dental benefit plans in accordance with their terms. You
will be entitled to participate in all benefit arrangements provided by Equinix on the same basis as those benefits are made available to the executive officers of Equinix. 
 12. Paid Time Off. You will be entitled to Paid Time Off (PTO) that accrues on a semi-monthly basis. You will accrue 5 hours per pay period. See the U.S. Equinix Employee handbook for more information.

 13. Other Terms. As required by law, your employment with Equinix is also contingent upon your providing legal proof of your identity and
authorization to work in the United States. 
 14. Sign-On Bonus. When you join Equinix, you will receive a one time ‘signing’ bonus of
$100,000 less statutory withholding at the first payroll date following your commencement of employment. The parties agree that your first day of employment will be April 2, 2007. 
 15. Company-Wide Bonus. You are also eligible to participate in the Equinix U.S. 2007 Annual Cash Incentive Plan. The cash incentive plan is based on Equinix’s financial performance and your individual
performance. The Operating Plan Achievement Bonus you are eligible to receive will be up to 50% of your base salary. The Over-Performance Bonus you are eligible to receive will be an additional amount up to 50% of your base salary. The cash
incentive bonus will be pro-rated based on your start date, with the full 2007 pro-rated bonus guaranteed (100% of base salary). Detailed information on this plan will be provided to you after you start. 
 16. Severance Agreement. You will be entitled to certain severance benefits upon an involuntary termination of your employment with Equinix as detailed in the
Severance Agreement, which is attached hereto as Exhibit B. 
 17. Attorney’s Fees. Equinix will reimburse you for all attorneys’ fees you
incur for the review, preparation, analysis and negotiation of your employment documents, up to a maximum of $5,000. 
 This offer, if not accepted, will
expire at the close of business on March 19, 2007. 
  

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 If you have any questions, please call me at (650) 513-7121. 
  

			
	Sincerely,
		
	By:	 	/s/ Peter Van Camp
		 	Peter Van Camp
		 	CEO

 I have read and accept this employment offer: 
  

	
	
	/s/ Stephen M. Smith
	Stephen M. Smith

 Dated: March 16, 2007 
 My Start Date will be April 2, 2007 
 Attachment 
 Exhibit A: Proprietary Information and Inventions Agreement 
 Exhibit B: Severance Agreement 
 Exhibit C: Notice of Restricted Stock Award and Restricted Stock Agreement 
  

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