Exhibit 10.1
Termination of Stockholders Agreement
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This Termination of Stockholders Agreement (this "Termination"), dated as of
February 22, 2000, is entered into by and between Global Crossing Ltd., a
company organized under the laws of Bermuda (the "Company") and the Stockholders
(as that term is defined in that certain Stockholders Agreement (the
"Stockholders Agreement") dated as of August 12, 1998, as amended.
WHEREAS, the Company and the Stockholders previously entered into the
Stockholders Agreement; and
WHEREAS, the parties desire to terminate the Stockholders Agreement;
NOW, THEREFORE, in consideration of the mutual covenants contained herein and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto, intending to be legally bound
hereby, agree that, effective as of March 28, 2000, the Stockholders Agreement
shall be terminated in its entirety and shall be of no further force or effect.
[Signature Pages to Follow]
1
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first written above.
GLOBAL CROSSING LTD.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Senior Vice President & General Counsel
CANADIAN IMPERIAL BANK OF COMMERCE
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ /s/ ▇▇ ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇
Title: Corporate Secretary Director
CIBC WG FARGOSY MERCHANT FUND 3, L.P.
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ /s/ ▇▇ ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇
Title: Corporate Secretary Director
CO-INVESTMENT MERCHANT FUND, LLC.
By: /s/ ▇▇▇▇▇▇▇ Capitides
Name: ▇▇▇▇▇▇▇ Capitides
Title:_________________________
CIBC CAPITAL PARTNERS (CAYMAN) NO.1
By: /s/ ▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇ ▇▇▇▇▇▇
Title: Managing Director
CIBC CAPITAL PARTNERS (CAYMAN) NO.3
By: /s/ ▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇ ▇▇▇▇▇▇
Title: Managing Director
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GLOBAL CROSSING TRUST 1998
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: Trustee
GLOBAL CROSSING PARTNERS
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: General Partner
CONTINENTIAL CASUALTY CORPORATION
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President
CONTINENTAL CASUALTY CORP. DESIGNATED HIGH YIELD
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President
MRCO, INC.
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Chief Financial Officer
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/s/ ▇▇▇▇ ▇▇▇▇▇▇▇
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▇▇▇▇ ▇▇▇▇▇▇▇
PACIFIC CAPITAL GROUP, INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Chairman
GKW UNIFIED HOLDINGS, LLC
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Chairman, Pacific Capital Group, Inc.
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇
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▇▇▇▇▇▇ ▇▇▇▇▇
RIDGESTONE CORP.
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇▇▇▇▇
Title: President
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇
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▇▇▇▇▇ ▇▇▇▇▇▇
GALENIGHT CORP.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇▇▇▇▇▇
Title: President
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/s/ ▇▇▇▇▇ ▇▇▇
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▇▇▇▇▇ ▇▇▇
SAN ▇▇▇▇▇▇▇ CORP.
By: /s/ ▇▇▇▇▇ ▇▇▇
Name: ▇▇▇▇▇ ▇▇▇
Title: President
▇▇▇▇▇ AND ▇▇▇▇▇ FAMILY TRUST
By: /s/ ▇▇▇▇▇ ▇▇▇
Name: ▇▇▇▇▇ ▇▇▇
Title: Trustee
/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇
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▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇
