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/ Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: Senior Vice President & General Counsel
CANADIAN IMPERIAL BANK OF COMMERCE
By: /s/ Xxxxxxxx Xxxxxxxxxx /s/ XX Xxxxxxx
Name: Xxxxxxxx Xxxxxxxxxx XX Xxxxxxx
Title: Corporate Secretary Director
CIBC WG FARGOSY MERCHANT FUND 3, L.P.
By: /s/ Xxxxxxxx Xxxxxxxxxx /s/ XX Xxxxxxx
Name: Xxxxxxxx Xxxxxxxxxx XX Xxxxxxx
Title: Corporate Secretary Director
CO-INVESTMENT MERCHANT FUND, LLC.
By: /s/ Xxxxxxx Capitides
Name: Xxxxxxx Capitides
Title:_________________________
CIBC CAPITAL PARTNERS (CAYMAN) NO.1
By: /s/ Xxx Xxxxxx
Name: Xxx Xxxxxx
Title: Managing Director
CIBC CAPITAL PARTNERS (CAYMAN) NO.3
By: /s/ Xxx Xxxxxx
Name: Xxx Xxxxxx
Title: Managing Director
2
GLOBAL CROSSING TRUST 1998
By: /s/ Xxxxxx Xxxxxxxxxx
Name: Xxxxxx Xxxxxxxxxx
Title: Trustee
GLOBAL CROSSING PARTNERS
By: /s/ Xxxxxx Xxxxxxxxxx
Name: Xxxxxx Xxxxxxxxxx
Title: General Partner
CONTINENTIAL CASUALTY CORPORATION
By: /s/ Xxxxxxx X. XxXxxx
Name: Xxxxxxx X. XxXxxx
Title: Vice President
CONTINENTAL CASUALTY CORP. DESIGNATED HIGH YIELD
By: /s/ Xxxxxxx X. XxXxxx
Name: Xxxxxxx X. XxXxxx
Title: Vice President
MRCO, INC.
By: /s/ Xxxx X. Xxxxxx
Name: Xxxx X. Xxxxxx
Title: Chief Financial Officer
3
/s/ Xxxx Xxxxxxx
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XXXX XXXXXXX
PACIFIC CAPITAL GROUP, INC.
By: /s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Chairman
GKW UNIFIED HOLDINGS, LLC
By: /s/ Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Chairman, Pacific Capital Group, Inc.
/s/ Xxxxxx Xxxxx
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XXXXXX XXXXX
RIDGESTONE CORP.
By: /s/ Xxxxxx Xxxxx
Name: Xxxxxx Xxxxx
Title: President
/s/ Xxxxx Xxxxxx
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XXXXX XXXXXX
GALENIGHT CORP.
By: /s/ Xxxxx Xxxxxx
Name: Xxxxx Xxxxxx
Title: President
4
/s/ Xxxxx Xxx
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XXXXX XXX
SAN XXXXXXX CORP.
By: /s/ Xxxxx Xxx
Name: Xxxxx Xxx
Title: President
XXXXX AND XXXXX FAMILY TRUST
By: /s/ Xxxxx Xxx
Name: Xxxxx Xxx
Title: Trustee
/s/ Xxxxxxxx X. Xxxx
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XXXXXXXX X. XXXX
