SWIDLER BERLIN SHEREFF FRIEDMAN, · swidler berlin shereff friedman, llp thewashington harbour 3000 k street, nw, suite 300 washington, dc 20007-5116 telephone (202) 424-7500 facsimile

SWIDLER BERLIN SHEREFF FRIEDMAN, LLP

THE WASHINGTON HARBOUR

3000 K STREET, NW, SUITE 300WASHINGTON, DC 20007-5116

TELEPHONE (202) 424-7500FACSIMILE (202) 295-8478

WWW.SWIDLAW.COM

May 22, 2003

FILED ELECTRONICALLY VIA ECFS

Ms. Marlene H. DortchSecretaryFederal Communications Commission445 lih Street, S.W.Washington, DC 20554

Re: In re Global Crossing Ltd., et aI., IB Docket No. 02-286

Dear Ms. Dortch:

NEW YORK OFFICETHE CHRYSLER BUILDING405 LEXINGTON AVENUE

NEW YORK, NY 10174TEL. (2 12) 973-0IIIFAX (212) 891-9598

Global Crossing Ltd. ("GCL") and GC Acquisition Limited ("New GX" and, together withGCL, "Applicants") submit this letter to update the record in the above-referenced proceeding.Specifically, Applicants advise the Commission of three additional proposed foreign carrier affiliationsand update Attachments A, E, and G to the Third Amendment filed by Applicants on May 13,2003.

1. Applicants have been advised by ST Telemedia that it has become aware ofthree additionalsubsidiaries of Singapore Telecommunications Ltd ("SingTel") that would become foreigncarrier affiliates of the FCC-Licensed Subsidiaries upon consummation of the AmendedTransaction. Each of the carriers - Bharti Tele-Ventures Ltd, Globe Telecom, Inc., and PTTelekomunikasi Selular (alk/a Telkomsel) - is non-dominant in its respective market (India, thePhilippines, and Indonesia, respectively). Applicants previously disclosed proposed affiliationswith subsidiaries of ST Telemedia or SingTel in India and Indonesia and agreed to have theFCC-Licensed Subsidiaries regulated as dominant on the U.S.-Indonesia route. The addition ofthese three non-dominant foreign carrier affiliates thus does not affect the Commission'sanalysis.

ST Telemedia also has advised that SingTel has divested some or all of its interests in thefollowing companies: Infoserve Technology Corporation of Taiwan, Infoserve TechnologyHong Kong Limited of Hong Kong, Infoserve Technology K.K. of Japan, Virgin Mobile (HongKong) Limited of Hong Kong, and Virgin Mobile (Asia) Pte Ltd of Singapore. As a result,those companies would no longer be foreign carrier affiliates of the FCC-Licensed Subsidiariesunder the FCC's rules following consummation of the Amended Transaction. In addition,SingTel's Singapore affiliate Virgin Mobile (Singapore) Pte Ltd has changed its name toDevonshire Pte. Ltd.

Ms. Marlene H. DortchMay 22, 2003Page 2

Attached as Exhibit 1 is a revised foreign affiliation notice, which was originally appended asAttachment G to the Third Amendment, and which reflects the above changes. 1

2. In Attachment E to the Third Amendment, Applicants provided a business address for TemasekHoldings [Private] Limited ("Temasek"). ST Telemedia has advised Applicants that Temasekrecently moved its headquarters. Its new business address is: 60B Orchard Road, #6-18 Tower2, The Atrium@Orchard, Singapore 238891. A revised copy of Attachment E to the ThirdAmendment is attached as Exhibit 2.

3. Applicants have become aware of an error in the electronic copy of Attachment A to the ThirdAmendment. Attachment A contained a letter from Hutchison Telecommunications Limited("Hutchison Telecom"), dated April 30, 2003, and an attached form Acknowledgement andMutual Release (the "Acknowledgment"). In the electronic version of the Third Amendmentthat was filed with the Commission, the first page of the Acknowledgement was repeated andthe second page was omitted. Attached is a new copy of Attachment A containing a completecopy of the Hutchison Telecom letter and the Acknowledgement.

* * * * * *

Please contact the undersigned if you have any questions regarding the above matters.

RespectfullySU~...'

~) ==--.

a .c~ ,

Jean L. KiddooPaulO. GagnierSwidler Berlin ShereffFriedman, LLP3000 K Street, N.W., Suite 300Washington, D.C. 20007Tel: 202-424-7500Fax: 202-424-7645

Counsel for Global Crossing Ltd.and GC Acquisition Limited

Attachments

cc: All Parties on the Attached Service ListPaul Kouroupas (Global Crossing Ltd.)Teresa Baer (Latham & Watkins LLP, Counsel to ST Telemedia)

Because ST Telemedia has only anns' length dealings with SingTel, ST Telemedia does not have fIrsthandknowledge of, or access to, certain infonnation about SingTel's investments and operations. The infonnation in Exhibit Irelating to SingTel and its subsidiaries therefore is based on ST Telemedia's reasonable due diligence.

EXHIBIT 1

ATTACHMENT G TO THE THIRD AMENDMENT (REVISED)

ATTACHMENT G (REVISED)

CURRENT AND FUTURE FOREIGN CARRIER AFFILIATES OFGLOBAL CROSSING LTD.'S 214 SUBSIDIARIES

A. Current Foreign Carrier Affiliates of the 214 Subsidiaries

COUNTRY AFFILIATES

Argentina GC SAC Argentina S.R.L.

Belgium GC Pan European Crossing Belgie b.v.b.a.ls.p.r.l

Brazil SAC Brasil Ltda.

Canada Global Crossing Telecommunications Canada Ltd.

Chile SAC Chile S.A.

Denmark GC Pan European Crossing Denmark ApS

France GC Pan European Crossing France S.A.RL.

Germany GC Landing Co. GmbHGC Pan European Crossing Deutschland GmbH

Ireland Global Crossing Ireland Limited

Italy GC Pan European Crossing Italia sor.l.

Mexico Global Crossing Landing Mexicana So de RL.

Netherlands GC Pan European Crossing Nederlanden B.V.Global Crossing Europe LimitedGT Netherlands B.V.IXnet UK Limited

Norway GC Pan European Crossing Norge As

Panama Global Crossing Panama Inc.

Peru SAC Peru S.RL.

Spain GC Pan European Crossing Espana SoL.

Sweden GC Pan European Crossing Sverige AB

Switzerland GC Pan European Crossing Switzerland GmbH

Attachment G - 1 of 3

COUNTRY AFFILIATES

United Kingdom GC Pan European Crossing u.K. Ltd.Global Crossing (UK) Telecommunications Ltd.GTUKLtd.IXnet UK Limited

Uruguay SAC Argentina S.R.L.

Venezuela Global Crossing Venezuela B.V.

B. Foreign Carrier Affiliations That Would Arise From Proposed Investment BySingapore Technologies Telemedia Pte Ltd

1. ST Telemedia

COUNTRY AFFILIATES

Singapore Digital Network Access Communications Pte LtdST Mobile Data Pte Ltd (Singapore)ST Sunpage Pte Ltd (Singapore)ST Teleport Pte LtdStarHub Mobile Pte LtdStarHub Pte LtdSunpage Communications Pte Ltd

Indonesia PT Aplikanusa LintasartaPT Indonesian Satellite Corporation (aJk/a Indosat)PT Indosat Multi Media MobilePT Satelit Palapa Indonesia (aJk/a Satelindo)

2. Singapore Telecommunications Ltd*

COUNTRY AFFILIATES

Australia SingTel Optus Pte Limited

Hong Kong C2C (Hong Kong) LimitedGB21 (Hong Kong) LimitedSingapore Telecom Hong Kong Ltd

Because ST Telemedia has only arms' length dealings with Singapore Telecommunications Ltd("SingTel"), ST Telemedia does not have firsthand knowledge of, or access to, certain information aboutSingTel's investments and operations. The information in this chart relating to SingTel and its subsidiariestherefore is based on ST Telemedia's reasonable due diligence.


COUNTRY AFFILIATES

India Bharti Tele-Ventures LtdSingapore Telecom India Private Limited

Indonesia PT Telekomunikasi Selular (aJk/a Telkomsel)

Japan Singapore Telecom Japan Co LtdSingTel Japan Co Ltd

Korea Singapore Telecom Korea Ltd

Malaysia Sudong Sdn Bhd

Mauritius Network i2i Limited

Philippines Globe Telecom, Inc.

Singapore C2C Singapore Pte LtdDevonshire Pte. LtdDigital Network Access Communications Pte LtdINS Holdings Pte LtdSingapore Telecom Mobile Pte LtdSingapore Telecom Paging Pte LtdSingapore Telecommunications LtdSingTel Yellow Pages Pte LtdSingTelSat Pte Ltd

Sri Lanka Lanka Communication Services (Private) Limited

Taiwan SingaporeTelecom Taiwan Ltd

United Kingdom SingTel (Europe) Limited


EXHIBIT 2

ATTACHMENT E TO THE THIRD AMENDMENT (REVISED)

ATTACHMENT E (REVISED)

AMENDED OWNERSHIP INFORMATION

The charts below provide the name, business address, and principal place of business foreach of the companies identified in Attachment D to the Third Amendment. Ownership interestsare 100% unless otherwise indicated.

A. GCL's FCC-Licensed Subsidiaries

PrincipalOwnership Interest in

Global Crossing Entity Business Address Place ofNext Tier Company

BusinessBudget Call Long 1080 Pittsford-Victor Road United Not applicableDistance, Inc. Pittsford, NY 14534 States("Budget Call")Global Crossing 1080 Pittsford-Victor Road United Not applicableBandwidth, Inc. Pittsford, NY 14534 States("GC Bandwidth")Global Crossing 1080 Pittsford-Victor Road United Not applicableGovernment Markets Pittsford, NY 14534 StatesUSA, Inc.("GC GovernmentMarkets")Global Crossing Holdings 1080 Pittsford-Victor Road United Owns 100% controllingUSA, Inc. Pittsford, NY 14534 States interest in GC Pacific("GC Holdings") Landing Corp., GT

Landing Corp., MACLanding Corp., and PACLanding Corp.

Global Crossing Latin 200 Park Avenue, 3rd Floor United Not applicableAmerica & Caribbean Florham Park, NJ 07932 StatesCo. ("GCLAC")Global Crossing Local 200 Park Avenue, 3rd Floor United Not applicableServices, Inc. ("GCLS") Florham Park, NJ 07932 StatesGlobal Crossing North 200 Park Avenue, 3rd Floor United Owns 100% controllingAmerican Networks, Inc. Florham Park, NJ 07932 States interest in Budget Call("GCNAN")Global Crossing 1080 Pittsford-Victor Road United Owns 100% controllingTelecommunications, Inc. Pittsford, NY 14534 States interest in GC("GCTI") Government Markets

and 50% interest inInternational OpticalNetworks, LLC

GC Pacific Landing 200 Park Avenue, 3rd Floor United Not applicableCorp. Florham Park, NJ 07932 StatesGT Landing Corp. 200 Park Avenue, 3rd Floor United Not applicable

Florham Park, NJ 07932 StatesGT Landing II Corp. 200 Park Avenue, 3rd Floor United Not applicable

Florham Park, NJ 07932 States

Attachment E - 1 of 4

PrincipalOwnership Interest inGlobal Crossing Entity Business Address Place of

BusinessNext Tier Company

International Optical 60 Hudson Street United Not applicableNetworks, LLC ("ION") New York, NY 10013 StatesMAC Landing Corp. 200 Park Avenue, 3rd Floor United Not applicable

Florham Park, NJ 07932 StatesPAC Landing Corp. 200 Park Avenue, 3rd Floor United Not applicable

Florham Park, NJ 07932 StatesPC Landing Corp. See Section C See Section See Section C

CRacal 60 Hudson Street United Owns 50% interest inTelecommunications Inc. New York, NY 10013 States ION("Racal")

B. Direct and Indirect Parents of GCL's FCC-Licensed Subsidiaries

Principal Ownership Interest inGlobal Crossing Entity Business Address Place of

Next Tier CompanyBusiness

ALC Communications PNC Bank Building United Owns 100% controllingCorporation ("ACL") Suite 300 States interest in GC

300 Delaware Avenue Bandwidth, GCLS,Wilmington, DE 19801 GCNAN, and GCTI

Global Crossing North 1080 Pittsford-Victor Road United Owns 100% controllingAmerica, Inc. ("GCNA") Pittsford, NY 14534 States interest in ALC and GT

Landing II Corp.Global Crossing North 1080 Pittsford-Victor Road United Owns 100% controllingAmerican Holdings, Inc. Pittsford, NY 14534 States interest in GCNA, GC("GCNA Holdings") Holdings, and GCLACGlobal Crossing (Bidco) Centennium House United Owns 100% controllingLimited ("GC Bidco") 100 Lower Thames Street Kingdom interest in Racal

London EC3R 6DLUnited Kingdom

Global Crossing (Holdco) Centennium House United Owns 100% controllingLimited ("GC Holdco") 100 Lower Thames Street Kingdom interest in GC Bidco


Global Crossing Centennium House United Owns 100% controllingIntermediate UK 100 Lower Thames Street Kingdom interest in GC HoldcoHoldings Ltd. ("GC UK London EC3R 6DLHoldings") United KingdomGlobal Crossing Asia See Section C See Section See Section CHoldings Ltd. C


PrincipalOwnership Interest inGlobal Crossing Entity Business Address Place of


GC Acquisition Limited Wessex House United New GX will own 100%151 Floor, 45 Reid Street States or controlling interest inHamilton HM 12, Bermuda Bermuda Global Crossing Asia

Holdings Ltd., GCNAHoldings, and GC UKHoldings l

C. Asia Global Crossing Companies

Asia Global CrossingPrincipal Ownership Interest in

Business Address Place ofEntity


PC Landing Corp. 11150 Santa Monica Blvd. United Not applicable("PC Landing") Suite 400 States

Los Angeles, CA 90025Pacific Crossing UK Ltd. Centennium House United Owns 100% controlling("PCUK") 100 Lower Thames Street Kingdom interest in PC Landing


Pacific Crossing Ltd. Mintflower Place Bermuda Owns 100% controlling("PCL") 2nd Floor, 8Par-la-Ville Rd. interest in PCUK

Hamilton HM08, BermudaVectant, Inc. 111 West 57'" Street Japan Owns 15.5% non-

Suite 1000 controlling interest inNew York, NY 10019 PCL

SCS (Bermuda) Ltd. Mintflower Place Bermuda Owns 14.5% interest in2nd Floor, 8 Par-la-Ville Rd. PCLHamilton HM08, Bermuda

GCT Pacific Holdings Mintflower Place Bermuda Owns 70% interest inLtd. ("GCT Pacific"i 2nd Floor, 8 Par-la-Ville Rd. PCL and 100%

Hamilton HM08, Bermuda controlling interest inSCS (Bermuda) Ltd.

Asia Global Crossing Mintflower Place Hong Kong Owns 100% controllingLtd. ("AGCL") 2nd Floor, 8 Par-la-Ville Rd. interest in GCT Pacific

Hamilton HM08, BermudaMicrosoft Corporation One Microsoft Way United Owns 14.7% non-

Redmond, WA 98052 States controlling interest inAGCL

Softbank Corp. Kakigaracho Chiba Bldg., Japan Owns 14.6% non-Nihonbashi-Kakigaracho controlling interest in1-36-37 Chuo-ku AGCL (through twoTokyo, Japan intermediate holding

companies)

These interests are currently held by Global Crossing Ltd.

GCT Pacific and SCS (Bermuda) Ltd. together own an 84.5% controlling interest in PCL.


Asia Global CrossingPrincipal

Ownership Interest inBusiness Address Place of

Entity BusinessNext Tier Company

Public and Others Various Various Own 11.7% non-(including AGCL controlling interest inmanagement) AGCLGlobal Crossing Asia Wessex House Bermuda Owns 54.2% interest inHoldings Ltd. 151 Floor, 45 Reid Street Asia Global Crossing

Hamilton HM 12, Bermuda Ltd.3

D. Singapore Technologies Telemedia Pte Ltd and Its Affiliates

PrincipalOwnership Interest in

Entity Business Address Place ofNext Tier Company

BusinessMauritius Company To be determined Mauritius, Will own 61.5%(to be formed)4 Singapore controlling interest in

or U.S. NewGXSTT Communications 51, Cuppage Road Singapore Will own 100%Limited #10-11/17, StarHub Centre controlling interest in

Singapore 229469 Mauritius CompanySingapore Technologies 51, Cuppage Road Singapore Owns 98.91%Telemedia Pte Ltd ("ST #10-11/17, StarHub Centre controlling interest inTelemedia") Singapore 229469 STT Communications

Limited5

Singapore Technologies 51, Cuppage Road Singapore Owns 100% controllingPte Ltd #09-01 StarHub Centre interest in ST

Singapore 229469 Telemedia

Temasek Holdings 60B Orchard Road Singapore Owns 100% controlling[Private] Limited #6-18 Tower 2 interest in Singapore

The Atrium@Orchard Technologies Pte LtdSingapore 238891

4

In addition to the 54.2% interest in Asia Global Crossing Ltd. ("AGCL") that is held by Global CrossingAsia Holdings Ltd., GCL currently has a direct 1.2% interest in AGCL and an indirect 3.5% interest that isheld through two ofGCL's Delaware subsidiaries: IXnet, Inc. (0.3%) and International ExchangeNetworks Ltd. (3.2%). GCL's current total ownership interest in AGCL is 58.9%.

The Mauritius company will be formed by ST Telemedia's subsidiary, STT Communications Limited, forthe sole purpose ofST Telemedia's investment in New GX. The Mauritius company will not carry on anybusiness activity other than holding that investment. The legal name of the Mauritius company will bedetermined when it is formed.

The 1.09% interest in STT Communications Limited that is not be owned by ST Telemedia will be sharedby 20 members of the management of STT Communications Limited, all of whom are nationals ofSingapore.

Attachment E - 4 of4

EXHIBIT 3

EXHIBIT A TO THIRD AMENDMENT (REVISED)

ATTACHMENT A (REVISED)

TERMINATION LETTER OF HUTCHISON TELECOM

VIA TELECOPY AND ElX:CTRONIC MAIL

April 30, 2003

Global Crossing Ltd.Global Crossing Holdings Ltd.c/o Global Crossing Ltd.Seven GiraMa FarmsMadison, Nc\'.l Jersey 079040U.S.A.Teiecopy: -r 1-973-410-8583Attention: John McShane

and

200 Park AvenueFtorhamPark, NJ 07932U.S.A.Tclecopy: + 1-973-360-0148Attention: John McShane

Joint Provisional Liquidatorsc/o KPMG8 Salisbury SquareLondon EC4

c

y 8 SBUnited KingdomTelecopy: + 444-207-694<:>126Attention: Jane Moricarty

Singapore Technologies Telemcdia Pte Ltd.5 1 Cuppago Road#10-11/17. StarHub CentreSingapore 229469Telecopy: + 65-6720-7277Attention; Chief Financial Officer

Re: Purchase Agreement, dated as of Augus1 9, 2002. by and among Global Crossing Ltd. (the"C9JllPaJ.JY"), Global Crossing Holdings Ltd.("GC Holdings'"), the Joint ProviSIonalLiquidators. Singapore Technologies Telemedin Pte Ltd ('LSI Ielemediu") and HutchisonTclccomnmnications Limited e'Hutchi$()l1"),as amended by the Amendme.nt to PurchaseAgreement dated as ofDecember 20,2002 (as amended, the ·'Pureha..~e Agreement").

Dear Sirs/Madams:

Over the last year. we, together with our respective t.eams, have put {Qrth substantialtime. effort and resources in working towards closing the transactions under the PurchaseAgreement. W'e also recognize the tremendous effort which you and y<)ur team have similarlydevoted towards this transaction.

Nevertheless, pursuant to Section 7, J(b) 0 f the Pur'Chase Agreement, Hutchison ishereby terminating the Purchase Agreement, with respect solely to Hutchison's own rights aJldobligations thereunder and not those ofST Telemedia. The foregoing termination shall onlybecome effective ifwe and ST Telemedia rcad,,'e by Noon. New York City time on April 30, 2003the Acknowledgement and Mutual Release attached heretQ duly executed by the Coml)any and LieHoldings. Except as set forth in the foregoing Acknowledgement and Mutua! Release, the:provisions identHled in the last proviso of Section 7.2 ofthe Purchase Agreement shaH survivetennination of the Purchase Agreement.

Attachment A - Page 1 of 6

, : I ' 29./N'O. 4961390990 P n

WC'!Jl, Gotshal lie.. Msnge5 LLP761 FLfth AVWl~New York. New York 10153tlSAT¢lecc,rpy; '" I ~212~) t 0-1007Ath\'I11k>n: 00uaI1I4 r. Warner

1";\~1l.m & Watkinsrm Ra:ffielll Place# 14-20 von PIau:2Singapore 048624TeI~cp>,:+ 6S·6:5l~1171

Attention MicbA.el W, Sn~(lk

P.:\,UI. WQj$ll, Ritkind,~ & GmTlj\)1j

l::tfF f-toni KOt'tfl:Club BuiltlingJA Chater Roadftoilli KongTeI~py; + 852.2,536.9622Attention; John B. Lanse:


April 30, 2003VIA TELECOPY AND ELECTRONIC MAIL

Hutchison Teleconmmnications l.-imitcd2211d Floor, Hutchison House10 Harcourt Road. CentralHong Kong

Singapore Technologies Telemcdia Pte Ltd51 Cuppage Road#10-11/17, StarHub CentreSingapore 229469

Attention: Susan Chow, Director, Hutchison Telecommunications LimitedLee Th:eng Kiat. President & CEO, Singapore Technologies Telemedia Pte Ltd

ACKNOWLEDGEMENT AND M1JTCAL RELEASE relating to the I>urc·l1aseAgreement, dated as ofAugust 9,2002, by and among Global (;rossing Ltd. (the"Company"), Global Crossing Holdings Ltd, ("GX Holdings"), the Joint ProvisionalLiquidators, Singapore Technologies Tclcmedin Pte Ltd ("$1" Telemedi<,!") and HutchisonTelecommuni.cations Limited ("'Hutchison"), as amended by the Amendment to PurchaseAgreement dated as of December 20. 2002 (as amended. the "Purchase Agreement'')_Capitalized terms not otherwise defined in this Acknowledgement and Mututl. Releasehave the meanings set forth in the Purchase Agreement.

Dear Ms. Chow and Mr. Lee:

We havcn..--ceived the letters dalcd today, April 30,2003. from Hutchisonregarding its termination onts rights and obligations under the Purchase Agreement (the"TermiJYIlion Letter") and from ST Telemedia regarding its assumption ofHutchison's rights andobligations under the Purchase Agreement (the "Assumption Letter"). We hereby acknowledgethat Hutc.llison·srights and obligations under the Purchase Agreement have been tennimltcaeffective as of the date hcret:lf pursuant to Section 7,1(0) ofthe Purchase Agreement. SUbject tothe provisions ofSection 7 ..2 of tile Purchase A~oreementregarding survival ufthe proviskmsspecified therein, as modified by the second to last paragraph herein. 'We further acknowledgetha:t,pursuant to Section 8.3(b) ofthe Pu.rchase Agreement, ST Teletncclia ha... assumed the rightsand obligations of Hutchison under the Purchase Agreement, subject to the exceptions andproviso set forth in the Assumption Letter.

We acknowledge that we are not aware ofany breach by Hutchison or STTelcmedia of the Purchase Agreement prior to the effectiveness of the Termination Letter. Weconfiml our agreement tbat, effective on the date of approval of the agreements of the Companyand OX Holdings set forth in the second and thi.rdparagraphs herein by tbe U.S. BankruptcyCourt ("'Court Approval"), and in each case subject to the continuing obligations under Section7.2 ofthe Purchase Agreement, as modified by the second to last paragraph heroin (i) the

Attachment A -- Page 3 of 6

Company and GX Holdings irrevocably and uncQnditionaHy release and discharge Hutchisonand its officers, directors, shareholders. employees. advisers. attonteys, financlaJ advisers andother professional advisers, agents and representatives from any and aU liabilities, obligationsand claims of any nature whatsoever arising under or relating to the Purchase Agreement and Ol)Hutc.hison irrevocably and unconditionally releases and disclliurges the Company and exHoldings and their respective officers. directors, shareholders, employecs~ advisers, attorneys,financial advisers and other professional advisers, agents and representatives from any and allliabilities. obligations and claims of any nature w'hatsoever arising under or relating to thePurchase Agreement. Please indicate l'Our agreement to such mutl..ul1 release and youracknowledgement that you are not aware ofany breach by the Company or G X Holdings afthePurchase Agreement prior to the effectiveness of the Tennination Letter by signing in the placeindicated below. We undertake to submit this Acknowledgement and Mutual Release to the U.S.Bankruptcy Court within 14 days after the dale hcrooffor approval onlle: agreements ofthcCompany and OX Holdings set forth in the second and third paragraphs herein and to use aUrCaBOlli'lbtc efforts to cause such approval to be granted.

The Company and OX Holdings hereby further agree that any plan under chapter11 afthe United States Bankruptcy Code and any schemes ofarral1gemcnt under the Laws ofBermuda. in each case that is proposed or supported by the Company or OX Holdings, shaHpreserve and contain release, injunction and exculpation protection in favor of Hutchison and.except as expressly provided in the Bankmptcy Plan and the Schemes of Arrangement, all ofHutchison's officers, directors. shareholders,employees, advisers, attorneys, financial advisers,accountants. other professional advisers, agCtlts and rel,resentatj'ves nnd other proteet<."d personsor entities identical in form. scope and substance to those presently existing under theBankruptcy Plan, the Confirmation Order, the Schemes of Arrangement and the Sanction Orders,

Notwithstanding the provisions ofScction 7.2 of the Purchase Agreement~

effective from Court Approval~ the following provisions sbaUapply: (i) the provisions of Section7.3 oftbe Purchase Agreement shall not survive the termination by Hutchison of its rights andobligations under the Purchase Agreement (the "Hutchison Temlination:")~(j i) the other parties tothe Purchase Agreement shall not be required pursuant to Section 4.11 andlor Section 8,13thereof to obtain Hutchison's approval for any press release or public disclosure that does notrefcr OT relate to Hutchison or any ofits Affiliates (other than references or relations that havepreviously been agreed to by Hutchison); and (iii) Hu~chison's rigltt to reimbursement ofexpenses under Section 4.6 ofthe Purchase Agreement shall apply only in accordance with theterms of Section 4,6 of the Purchase Agreement as in effect on the date hereof and only toexpenses incurred by Hutchisonpnor to the Hutchison Tennination. Ifthe Company is requiredpursuant to Section 7,3 of the Purchase Agreement to pay Liquidated. Damages prior to CourtApproval, the Company shall pay such Liquidated Damages to ST Telemedia" provided that ifprior to such payment lIutchison gives notice to the Company that it has not r~ac;:hed agreementwith ST Tetemedia regarding such payment, the Company shall seek instructions from the U.S.Bankmptcy Court regarding whether Hutchison's claimed portion ofthe Liquidated Damagesrequired to be paid should be paid to S1' TelenH::dia or Hutchison.


\Ve approoiate having had the opportunity to \\'ork with Hutchison over the lastyear and are thankful for the efforts 11 has devoted towards this transaction. We look forwax-d toworking with ST Telemedia as we continue to proceed toward,; closing.

Very truly yours,

GLOBAL CROSSING LTD,

By: ~_. _Name:Title:

GLOBAL CROSSING HOLDINGS LTD.

By:., _Nanle:Title:


ACKNO\VLEDGED AND AGREED:

HUTCHISON TELECOMMlJNICATrONS LIMITED

By:Name:Title~

cc: Joint Provisional Liquidatorsc/o KPMG8 Sali shury SquareLondon EC4Y 8 BBUnited KingdomTele(.X>py: + 444-207-694-3126Attention: Jane Moriarty

WeB, Gotshal & Manges LLP767 Fifth AvenueNew York. New York 10153lJ.S.A.Attention: Douglas P. Warner

b.\tham &Viatkinsso Raffies Place#14-20 OOB Plaza 2Singapore 048624Telecopy: .i.- 65-6536-11 11A1tention: Michael W. Sturrock

Paul, Weiss, Rifkind, Wharton & Garrison12lF Hong Kong Club Building3A Chater RoadHong KongTelecopy: + 852-2536-9622Attention: John E.Lange


CERTIFICATE OF SERVICE

I, Ruth W. Moroz, hereby certify that on this 22nd day of May, 2003, I caused a true and correctcopy of the foregoing letter to be served upon the following parties in the manner indicated:

Qualex InternationalBy E-Mail: [email protected]

J. Breck BlalockBy E-Mail: [email protected]

Susan O'ConnellBy E-Mail: [email protected]

Kathleen CollinsBy E-Mail: [email protected]

Henry ThaggertBy E-Mail: [email protected]

Zenji NakazawaBy E-Mail: [email protected]

Neil DellarBy E-Mail: [email protected]

James BallBy E-Mail: [email protected]

William Malone, Esq.Gerald Lavery Lederer, Esq.James R. Hobson, Esq.Miller & Van Eaton, P.L.L.CBy E-Mail: [email protected]

422638v3

John G. Malcolm, Esq.Deputy Assistant Attorney GeneralCriminal DivisionUnited States Department of Justice10th Street & Constitution Avenue, N.W.Washington, D.C. 20530By First Class Mail

Debbie GoldmanLouise NovotnyCommunications Workers of AmericaBy E-Mail: [email protected]

Patrick W. Kelley, Esq.Deputy General CounselFederal Bureau of Investigation935 Pennsylvania Avenue, N.W.Washington, D.C. 20535By First Class Mail

Karl W. B. SchwarzGlobalAxxessBy E-Mail: [email protected]

Julian P. Gehman, Esq.Mayer, Brown, Rowe & MawBy Email: [email protected]

Mark Tauber, Esq.E. Ashton Johnston, Esq.Piper RudnickBy E-Mail: [email protected]

~LU- *CUC/~Ruth W. Moroz ." '. )

<:::...-_,.., .... •..~

Documents

SWIDLER BERLIN SHEREFF FRIEDMAN, · swidler berlin shereff friedman, llp thewashington harbour 3000 k street, nw, suite 300 washington, dc 20007-5116 telephone (202) 424-7500 facsimile