Exhibit 10.1

SHARE REPURCHASE AGREEMENT
THIS SHARE REPURCHASE AGREEMENT (this “Agreement”) is made and entered into as
of December 3, 2019, by and between GrafTech International Ltd., a Delaware
corporation (the “Corporation”), and BCP IV GrafTech Holdings LP, a Delaware
limited partnership (the “Selling Stockholder”), which is selling Shares (as
defined below) in the Block Trade (as defined below).
WHEREAS, the Selling Stockholder owns shares (the “Shares”) of common stock, par
value $0.01 per share, of the Corporation (the “Common Stock”);
WHEREAS, the Corporation and the Selling Stockholder propose to enter into a
transaction (the “Repurchase Transaction”) whereby the Selling Stockholder shall
sell to the Corporation and the Corporation shall purchase from the Selling
Stockholder up to $250,000,000 of Shares (the “Repurchase Shares”) at the Per
Share Purchase Price (as defined below); and
WHEREAS, the Selling Stockholder proposes to sell through a block trade pursuant
to Rule 144 under the Securities Act of 1933 (the “Block Trade”) not less than
$50,000,000 of other Shares owned by the Selling Stockholder (the “Block Trade
Shares”).
NOW, THEREFORE, in consideration of the foregoing, of the mutual promises herein
set forth, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, it is hereby agreed as follows:
ARTICLE I
REPURCHASE
    Section 1.1 Repurchase of Shares. The Selling Stockholder shall sell to the
Corporation and the Corporation shall purchase from the Selling Stockholder the
Repurchase Shares under the terms and subject to the conditions hereof and in
reliance upon the representations, warranties and agreements contained herein,
at the Closing (as defined below), at the per share price at which the Block
Trade Shares are sold to the broker-dealer(s) (the “Per Share Purchase Price”).
Section 1.2 Closing. (a) The closing of the Repurchase Transaction (the
“Closing”) shall be held at the offices of Cleary Gottlieb Steen & Hamilton LLP,
One Liberty Plaza, New York, New York, immediately subsequent to the
satisfaction or waiver of the conditions set forth in Article IV herein (with
the date upon which such satisfaction or waiver occurs being referred to here as
the “Closing Date”) or at such other time, date or place as the Selling
Stockholder and the Corporation may agree in writing.
(b) At the Closing, the Selling Stockholder shall deliver the number of
Repurchase Shares sold by the Selling Stockholder to the Corporation or as
instructed by the Corporation’s duly executed stock powers relating to the
Repurchase Shares sold by the Selling Stockholder, as applicable, and the
Corporation agrees to deliver to the Selling Stockholder a dollar amount equal
to the product of the Per Share Purchase Price and the number of Repurchase
Shares sold by the Selling Stockholder by wire transfer of immediately available
funds.

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ARTICLE II
REPRESENTATIONS AND WARRANTIES OF THE SELLING STOCKHOLDER
The Selling Stockholder represents and warrants to the Corporation as follows:
Section 2.1 Title to Repurchase Shares. The Selling Stockholder has good and
valid title to the Repurchase Shares to be sold at the Closing Date by the
Selling Stockholder, free and clear of all liens, encumbrances, equities or
adverse claims. The Selling Stockholder will have, immediately prior to the
Closing, good and valid title to the Repurchase Shares to be sold at the Closing
Date by the Selling Stockholder, free and clear of all liens, encumbrances,
equities or adverse claims; and, upon delivery of such Repurchase Shares and
payment therefor pursuant hereto, good and valid title to such Repurchase
Shares, free and clear of all liens, encumbrances, equities or adverse claims,
will pass to the Corporation.
Section 2.2 Required Consents; Authority. Except as would not impair in any
material respect the ability of the Selling Stockholder to consummate its
obligations hereunder, all consents, approvals, authorizations, orders and
qualifications necessary for the execution, delivery and performance by the
Selling Stockholder of this Agreement, and for the sale and delivery of the
Repurchase Shares to be sold by the Selling Stockholder hereunder, have been
obtained; and the Selling Stockholder has full right, power and authority to
enter into this Agreement and to sell, assign, transfer and deliver the
Repurchase Shares to be sold by the Selling Stockholder hereunder; this
Agreement has been duly authorized, executed and delivered by or on behalf of
the Selling Stockholder.
Section 2.3 Receipt of Information. The Selling Stockholder has received all the
information it considers necessary or appropriate for deciding whether to
consummate the Repurchase Transaction. The Selling Stockholder has had an
opportunity to ask questions and receive answers from the Corporation. The
Selling Stockholder has had the opportunity to discuss with its tax advisors the
consequences of the Repurchase Transaction. The Selling Stockholder has not
received, nor is it relying on, any representations or warranties from the
Corporation other than as provided herein, and the Corporation hereby disclaims
any other express or implied representations or warranties with respect to
itself.
ARTICLE III
REPRESENTATIONS AND WARRANTIES OF THE CORPORATION
The Corporation represents and warrants to the Selling Stockholder as follows:
Section 3.1 Authority Relative to this Agreement. Except as would not impair in
any material respect the ability of the Corporation to consummate its
obligations hereunder, the Corporation has the power and authority to execute
and deliver this Agreement and to perform its obligations hereunder; and all
action required to be taken for the due and proper authorization, execution and
delivery by it of this Agreement and the consummation by it of the transactions
contemplated hereby has been duly and validly taken.

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Section 3.2 Approvals. Except as would not impair in any material respect the
ability of the Corporation to consummate its obligations hereunder, no consent,
approval, authorization, order, registration or qualification of or with any
court or arbitrator or governmental or regulatory authority is required for the
execution, delivery and performance by the Corporation of this Agreement and the
consummation of the transactions contemplated by this Agreement.
ARTICLE IV
CONDITIONS TO CLOSING
Section 4.1 Completion of the Block Trade. The obligations of the Corporation to
purchase the Repurchase Shares at the Closing are subject to the fulfillment on
or prior to the Closing of the condition that the Block Trade shall have been
consummated in accordance with the terms and conditions of any purchase or
similar agreement entered into in connection therewith.
ARTICLE V
MISCELLANEOUS
Section 5.1 Termination. This Agreement may be terminated at any time by the
mutual written consent of each of the parties hereto. Furthermore, unless such
date is extended by the mutual written consent of each of the parties hereto,
this Agreement shall automatically terminate and be of no further force and
effect in the event that the conditions in Section 4.1 of this Agreement have
not been satisfied within ten (10) Business Days after the date hereof.
Section 5.2 Savings Clause. No provision of this Agreement shall be construed to
require any party or its affiliates to take any action that would violate any
applicable law (whether statutory or common), rule or regulation.
Section 5.3 Amendment and Waiver. This Agreement may not be amended except by an
instrument in writing signed on behalf of each of the parties hereto. Any party
may waive in whole or in part any benefit or right provided to it under this
Agreement, such waiver being effective only if contained in a writing executed
by such party (and by the Corporation, in the case of any waiver by the Selling
Stockholder). The failure of any party to enforce any of the provisions of this
Agreement shall in no way be construed as a waiver of such provisions and shall
not affect the right of such party thereafter to enforce each and every
provision of this Agreement in accordance with its terms.
Section 5.4 Severability. If any provision of this Agreement shall be declared
by any court of competent jurisdiction to be illegal, void or unenforceable, all
other provisions of this Agreement shall not be affected and shall remain in
full force and effect.
Section 5.5 Entire Agreement. Except as otherwise expressly set forth herein,
this Agreement, together with the several agreements and other documents and
instruments referred to herein or therein or annexed hereto and executed
contemporaneously herewith, embody the complete agreement and understanding
among the parties hereto with respect to the subject matter hereof and supersede
and preempt any prior understandings, agreements or

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representations by or among the parties, written or oral, that may have related
to the subject matter hereof in any way.
Section 5.6 Successors and Assigns. Neither this Agreement nor any of the rights
or obligations of any party under this Agreement shall be assigned, in whole or
in part by any party without the prior written consent of the other parties.
Section 5.7 No Third Party Beneficiaries. No person other than the parties
hereto shall have any rights or benefits under this Agreement, and nothing in
this Agreement is intended to, or will, confer on any person other than the
parties hereto any rights, benefits or remedies.
Section 5.8 No Broker. Except as previously disclosed to each other party in
writing, no party has engaged any third party as broker or finder or incurred or
become obligated to pay any broker’s commission or finder’s fee in connection
with the transactions contemplated by this Agreement. Except as previously
disclosed to each other party in writing, no party has engaged any third party
as broker or finder or incurred or become obligated to pay any broker’s
commission or finder’s fee in connection with the transactions contemplated by
this Agreement.
Section 5.9 Counterparts. This Agreement may be executed in separate
counterparts each of which shall be an original and all of which taken together
shall constitute one and the same agreement
Section 5.10 Notices. All notices and other communications hereunder shall be in
writing and shall be deemed to have been duly given if mailed or transmitted and
confirmed by any standard form of telecommunication. Notices to the Corporation
shall be given to it at 982 Keynote Circle, Brooklyn Heights, Ohio 44131, (fax:
(216) 676-2143); Attention: Chief Legal Officer. Notices to the Selling
Stockholder shall be given to it at 250 Vesey Street, 15th Floor, Brookfield
Place, New York, NY 10281, (e-mail: (Jaspreet.dehl@brookfield.com); Attention:
Jaspreet Dehl.
Section 5.11 Governing Law; Consent to Jurisdiction. This Agreement and any
claim, controversy or dispute arising under or related to this Agreement shall
be governed by and construed in accordance with the laws of the State of New
York applicable to agreements made and to be performed in such state.
Section 5.12 Interpretation. The headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. The words “hereof,” “herein” and “hereunder”
and words of similar import when used in this Agreement shall refer to this
Agreement as a whole and not to any particular provision of this Agreement, and
Article and Section references are to this Agreement unless otherwise specified.
The meanings given to terms defined herein shall be equally applicable to both
the singular and plural forms of such terms. Whenever the words “include,”
“includes” or “including” are used in this Agreement, they shall be deemed to be
followed by the words “without limitation.” “Business Day” means any day that is
not a Saturday, Sunday or other day on which banks are required or authorized by
law to be closed in New York, New York.
[Signature Pages Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed and delivered as of the date first set forth above.

GrafTech International Ltd.
 
 
By:
/s/ Quinn J. Coburn
 
Name:
Quinn J. Coburn
 
Title:
Chief Financial Officer, Vice President Finance and Treasurer

[Signature Page to Share Repurchase Agreement]

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BCP IV GrafTech Holdings LP

By its general partner, BPE IV (Non-Cdn) GP LP,

By its general partner, Brookfield Capital Partners Ltd.,
 
 
 
 
By:
/s/ A.J. Silber
 
Name:
A.J. Silber
 
Title:
Officer
 
 
 
 
 
 

[Signature Page to Share Repurchase Agreement]