CROWN CASTLE INTERNATIONAL CORP. EXHIBIT 5
Termination Agreement
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TERMINATION AGREEMENT
TERMINATION AGREEMENT (this "Agreement"), dated as of October
18, 2000 (the "Effective Date") by and among CROWN CASTLE INTERNATIONAL CORP., a
Delaware corporation (the "Company"), and each of the STOCKHOLDERS of the
Company listed on Schedule I of the Stockholders Agreement (as defined below)
and named on the signature pages hereto (collectively, the "Stockholders" and
each individually, a "Stockholder").
WHEREAS, the Company and the Stockholders are parties to that certain
Stockholders Agreement dated as of August 21, 1998, as amended (the
"Stockholders Agreement"); and
WHEREAS, the parties hereto desire to terminate the Stockholders
Agreement (other than Section 3.10, which section shall continue for the benefit
of the Crown Parties as provided in Amendment 3 to the Stockholders Agreement)
effective as of the date of this Agreement;
NOW, THEREFORE, in consideration of the premises and the respective
agreements, acknowledgments and confirmations set forth herein and set forth in
the Stockholders Agreement, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:
SECTION 1. Termination of Stockholders Agreement. The Company and each of
the Stockholders hereby acknowledge and agree that:
(a) as of the Effective Date of this Agreement, as it relates to the
Stockholders the Stockholders Agreement shall be, and hereby is,
terminated in all respects (without further action required by any of
the parties thereto or by any persons directly or indirectly obligated
thereunder),
(b) as of the Effective Date, all rights and obligations of each of the
Company and the Stockholders under the Stockholders Agreement (other
than the Company's obligations with respect to Section 3.10) shall be,
and hereby are, irrevocably terminated, and
(c) this Agreement and the terms and provisions contained herein constitute
a termination of the rights and obligations of the Stockholders under
the Stockholders Agreement by mutual consent of the parties named
herein pursuant to Section 6.14 of the Stockholders Agreement.
SECTION 2. Further Actions. The parties hereto each will use all reasonable
efforts to take or cause to be taken all action and to do or cause to be done
all things necessary, proper or advisable under applicable laws and regulations
to give effect to the acknowledgments and agreements set forth in this
Agreement.
SECTION 3. Entire Agreement. This Agreement constitutes the entire
agreement among the parties with respect to the subject matter hereof and
supersedes all other prior agreements and
CROWN CASTLE INTERNATIONAL CORP.
Termination Agreement
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understandings, both written and oral, between the parties or any of them with
respect to the subject matter hereof.
SECTION 4. Applicable Law. This Agreement shall be construed in accordance
with and governed by the law of the State of New York; provided, however, that
any terms and conditions of this Agreement relating to the internal affairs of
the Company shall be construed in accordance with and governed by the law of the
State of Delaware.
SECTION 5. Headings. The section and other headings contained in this
Agreement are for reference purposes only and shall not affect the meaning or
interpretation of this Agreement.
SECTION 6. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original but which together
shall constitute but one instrument. It shall not be necessary for each party to
sign each counterpart so long as every party has signed at least one
counterpart.
IN WITNESS WHEREOF, each party hereto has executed this Agreement effective
as of the date first shown above.
CROWN CASTLE INTERNATIONAL CORP.
By: /s/ (illegible)
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Name:
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Title:
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CANDOVER INVESTMENTS, PLC
By: /s/ X. X. Xxxx
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Name: X. X. Xxxx
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Title: Company Secretary
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CANDOVER (TRUSTEES) LIMITED
By: /s/ X. X. Xxxxxxx
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Name: X. X. Xxxxxxx
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Title: Director
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CANDOVER PARTNERS LIMITED
(as general partner of the Candover 1994 UK Limited Partnership)
By: /s/ X. X. Xxxxxxx
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Name: X. X. Xxxxxxx
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Title: Director
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CANDOVER PARTNERS LIMITED
(as general partner of the Candover 1994 UK No. 2 Limited Partnership)
By: /s/ X. X. Xxxxxxx
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Name: X. X. Xxxxxxx
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Title: Director
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CANDOVER PARTNERS LIMITED
(as general partner of the Candover 1994 US No. 1 Limited Partnership)
By: /s/ X. X. Xxxxxxx
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Name: X. X. Xxxxxxx
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Title: Director
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CANDOVER PARTNERS LIMITED
(as general partner of the Candover 1994 US No. 2 Limited Partnership)
By: /s/ X. X. Xxxxxxx
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Name: X. X. Xxxxxxx
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Title: Director
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/s/ Xxx X. Xxxxxx, Xx.
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XXX X. XXXXXX, XX.
/s/ Xxxxxx X. Xxxxxxxxx
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XXXXXX X. XXXXXXXXX, Trustee
The Xxxxxx 1996 Gift Trusts
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BERKSHIRE FUND III, A LIMITED PARTNERSHIP
By: /s/ (illegible)
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A Managing Member
BERKSHIRE FUND IV, LIMITED PARTNERSHIP
By: /s/ (illegible)
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A Managing Member
BERKSHIRE INVESTORS LLC
By: /s/ (illegible)
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A Managing Member
NASSAU CAPITAL PARTNERS II, L.P.
By Nassau Capital L.L.C.
Its General Partner
By: /s/ Xxxxxxx X. Hack
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Name: Xxxxxxx X. Hack
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Title: Member
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NAS PARTNERS I, L.L.C.
By: /s/ Xxxxxxx X. Hack
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Name: Xxxxxxx X. Hack
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Title: Member
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XXX, RICHWHITE COMMUNICATIONS LIMITED
By: /s/ (illegible)
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Name: (illegible)
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Title: Director
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PNC VENTURE CORP.
By: /s/ (illegible)
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Name:
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Title: President
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NEW YORK LIFE INSURANCE COMPANY
By: NYLCAP Manager, LLC, its Investment Manager
By: /s/ Xxxxxx Xxxxxxxxx
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Name: Xxxxxx Xxxxxxxxx
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Title: Vice President
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AMERICAN HOME ASSURANCE COMPANY
By: /s/ Xxxxx X. Xxxxxxxxx
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Name: Xxxxx X. Xxxxxxxxx
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Title: Vice President
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THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
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Title: Its Authorized Representative
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CENTENNIAL FUND IV, L.P.
By Centennial Holdings V, L.P.,
Its general partner
By: /s/ (illegible)
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Name:
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Title:
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CENTENNIAL FUND V, L.P.
By Centennial Holdings V, L.P.,
Its general partner
By: /s/ (illegible)
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Name:
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Title:
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CENTENNIAL ENTREPRENEURS FUND V, L.P.
By Centennial Holdings V, L.P.,
Its general partner
By: /s/ (illegible)
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Name:
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Title:
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PRIME VIII, L.P.
By Prime SKA I, LLC
Its general partner
By: /s/ Xxxxx Xxxxxxxxx
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Name: Xxxxx Xxxxxxxxx
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Title: Treasurer
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