REIT STATUS PROTECTION RIGHTS AGREEMENTIron Mountain Incorporated • December 9th, 2013 • Iron Mountain Inc • Public warehousing & storage • Delaware
Until the tenth business day following a public announcement by the Company that a person, including its related parties, has acquired beneficial ownership of 9.8% or more of the Common Stock (an “Acquiring Person”) (such date being called the “Distribution Date”), the Rights will be evidenced, with respect to any of the Common Stock certificates outstanding as of the Record Date, by such Common Stock certificate (or, with respect to any shares of Common Stock held in book entry form, by the notation in book entry) together with a copy of this Summary of Rights. The Agreement provides that any person who beneficially owned 9.8% or more of the Common Stock on the date the Agreement was adopted, together with any related parties of that person (each an “Existing Holder”), shall, subject to certain exceptions set forth in the Agreement, not be deemed to be an “Acquiring Person” for purposes of the Agreement unless the Existing Holder becomes the beneficial owner of (x) a percentage of the
