Document:

Exhibit 10.2

                                                                  EXECUTION COPY

                          SYNERGETICS VOTING AGREEMENT

         THIS SYNERGETICS VOTING AGREEMENT (this "Agreement") is made and
entered into as of May 2, 2005 by and among VALLEY FORGE SCIENTIFIC CORP., a
Pennsylvania corporation ("Valley Forge"), SYNERGETICS, INC., a Missouri
corporation ("Synergetics"), and the undersigned shareholders (each a
"Shareholder" and collectively, the "Shareholders") of Synergetics.

                                    RECITALS
                                    --------

         A.       Concurrently with the execution of this Agreement, Valley
Forge, Synergetics Acquisition Corporation, a Delaware corporation and a
wholly-owned subsidiary of Valley Forge ("MergerSub"), and Synergetics have
entered into an Agreement and Plan of Merger (the "Merger Agreement"), providing
for the merger of MergerSub with and into Synergetics (the "Merger");

         B.       All capitalized terms not otherwise defined herein shall have
the meaning ascribed to them in the Merger Agreement;

         C.       The Shareholders are the beneficial holders of record of the
number of shares of outstanding Synergetics Shares as is indicated on Schedule I
attached hereto;

         D.       In connection with the Merger, Valley Forge will acquire the
Shareholders' entire equity interest in Synergetics and the Shareholders will
receive a percentage of the Synergetics Merger Consideration; and

         E.       In consideration of and to induce the execution of the Merger
Agreement by Valley Forge, MergerSub and Synergetics, until the Expiration Date
(as defined below), each of the Shareholders, solely in their capacity as a
shareholder, agrees not to sell or otherwise dispose of any Synergetics Shares
held by the Shareholder, and to vote the Synergetics Shares so as to facilitate
consummation of the Merger as more fully described below.

         NOW, THEREFORE, in consideration of the mutual promises and the mutual
covenants contained herein, the parties agree as follows:

         1.       Agreement to Retain Synergetics Shares. Each Shareholder,
severally and not jointly, agrees not to transfer, pledge, sell, exchange or
offer to transfer or sell or otherwise dispose of or encumber ("Transfer") any
of the Synergetics Shares at any time prior to the Expiration Date, as defined
herein, excluding (i) Transfers by testamentary or intestate succession or
otherwise by operation of law, (ii) any Transfer to a family member or
charitable organization provided that the transferee agrees in writing to be
bound by the terms of this Agreement to the same extent as such Shareholder and
(iii) any Transfer pursuant to court order. The "Expiration Date" shall mean the
earlier of (i) the date and time on which the Merger shall become effective in
accordance with the terms and provisions of the Merger Agreement or (ii) the
<PAGE>

date on which the Merger Agreement shall be terminated pursuant to the terms
therein. Each Shareholder agrees that this Agreement and the obligations
hereunder shall attach to the Synergetics Shares owned by it and shall be
binding upon any person or entity to whom legal or beneficial ownership of such
Synergetics Shares shall pass, whether by operation of law or otherwise,
including, without limitation, their respective heirs, guardians, administrators
or successors.

         2.       Agreement to Vote Synergetics Shares. At any time prior to the
Expiration Date, at any meeting of the Synergetics shareholders called with
respect to any of the following, and at any adjournment thereof, and with
respect to any written consent solicited with respect to any of the following,
each Shareholder agrees to vote the Synergetics Shares: (i) in favor of approval
of the Merger Agreement and the Merger and any matter which would, or could
reasonably be expected to, facilitate the Merger, and (ii) against (A) approval
of any proposal made in opposition to or competition with consummation of the
Merger and the Merger Agreement, (B) any merger, consolidation, sale of assets,
reorganization or recapitalization with any other party, (C) any liquidation, or
winding up of Synergetics and (D) any other matter which would, or could
reasonably be expected to, prohibit or discourage the Merger (each of the
foregoing is referred to as an "Opposing Proposal"). Each Shareholder, as the
holder of the Synergetics Shares agrees to be present, in person or by proxy, at
all meetings of shareholders of Synergetics so that all Synergetics Shares are
counted for the purposes of determining the presence of a quorum at such
meetings. This Agreement is intended to bind the Shareholders in their capacity
as a shareholder only and only with respect to the specific matters set forth
herein, and shall not prohibit any Shareholder from acting in accordance with
his fiduciary duties as an officer or director of Synergetics.

         3.       Irrevocable Proxy. Concurrently with the execution of this
Agreement, each Shareholder agrees to deliver to Valley Forge a proxy in the
form attached hereto as Annex A (the "Proxy"), which shall be irrevocable to the
extent provided therein; provided that the Proxy shall be revoked upon
termination of this Agreement in accordance with its terms or at the Expiration
Date.

         4.       Additional Shares. For purposes of this Agreement, the term
Synergetics Shares shall include any shares of Synergetics capital stock which
any Shareholder purchases or otherwise acquires after the execution of this
Agreement and prior to the termination of this Agreement.

         5.       Representations, Warranties and Covenants of Shareholders.
Each Shareholder, severally and not jointly, hereby represents, warrants and
covenants to Valley Forge and Synergetics the following:

                  5.1.     Ownership of Synergetics Shares. The Shareholder (i)
is the holder and beneficial owner of the Synergetics Shares set forth opposite
such Shareholder's name on Schedule I attached hereto, which at the date hereof
and at all times until the termination of this Agreement will be free and clear
of any liens, claims, options, charges or other encumbrances, (ii) does not

                                       2
<PAGE>

beneficially own any shares of stock of Synergetics other than such Synergetics
Shares and (iii) has full power and authority to make, enter into, deliver and
carry out the terms of this Agreement and the Proxy and to vote or otherwise
direct the voting of such Synergetics Shares.

                  5.2.     Validity; No Conflict. This Agreement constitutes the
legal, valid and binding obligation of the Shareholder, enforceable against the
Shareholder in accordance with its terms, except as such enforceability may be
limited by bankruptcy, insolvency, moratorium or other similar laws affecting or
relating to creditors' rights generally and by general principles of equity.
Neither the execution of this Agreement by the Shareholder nor the consummation
of the transactions contemplated hereby will result in a breach or violation of
the terms of any agreement by which the Shareholder is bound or of any decree,
judgment, order, law or regulation now in effect of any court or other
governmental body applicable to the Shareholder.

                  5.3.     No Voting Trusts and Agreements. Between the date of
this Agreement and the Expiration Date, the Shareholder will not, and will not
permit any entity under the Shareholder's control to, deposit any Synergetics
Shares held by the Shareholder or such entity in a voting trust or subject any
Synergetics Shares held by the Shareholder or such entity to any arrangement or
agreement with respect to the voting of such shares of capital stock, other than
agreements entered into with Valley Forge and Synergetics, unless the trustee of
such trust agrees in writing to be bound by the terms of this Agreement.

                  5.4.     No Proxy Solicitations. Between the date hereof and
the Expiration Date, the Shareholder will not, and will not permit any entity
under the Shareholder's control to (a) solicit proxies or become a participant
in a "solicitation" (as such term is defined in Rule 14a-11 under the Securities
Exchange Act of 1934, as amended (the "Exchange Act")), with respect to an
Opposing Proposal or otherwise encourage or assist any party in taking or
planning any action which would compete with, restrain or otherwise serve to
interfere with or inhibit the timely consummation of the Merger in accordance
with the terms of the Merger Agreement, (b) initiate a shareholders' vote or
action by written consent of Synergetics shareholders or (c) become a member of
a "group" (as such term is used in Section 13(d) of the Exchange Act) with
respect to any voting securities of Synergetics with respect to an Opposing
Proposal.

         6.       Representations, Warranties and Covenants of Valley Forge and
Synergetics. Each of Valley Forge and Synergetics, severally and not jointly,
hereby represents, warrants and covenants to the Shareholders the following:

                  6.1.     Due Authorization. This Agreement has been authorized
by all necessary corporate action on the part of Valley Forge and Synergetics,
as the case may be, and has been duly executed by a duly authorized officer of
Valley Forge and Synergetics, as the case may be.

                                       3
<PAGE>

                  6.2.     Validity; No Conflict. This Agreement constitutes the
legal, valid and binding obligation of Valley Forge and Synergetics, as the case
may be, enforceable against them, in accordance with its terms, except as such
enforceability may be limited by bankruptcy, insolvency, moratorium or other
similar laws affecting or relating to creditors' rights generally and by general
principles of equity. Neither the execution of this Agreement by Valley Forge or
Synergetics, as the case may be, nor the consummation of the transactions
contemplated hereby will result in a breach or violation of the terms of any
agreement by which Valley Forge and Synergetics, as the case may be, is bound or
of any decree, judgment, order, law or regulation now in effect of any court or
other governmental body applicable to Valley Forge and Synergetics, as the case
may be.

         7.       Additional Documents. The Shareholders, Valley Forge and
Synergetics hereby covenant and agree to execute and deliver any additional
documents necessary or desirable, in the reasonable opinion of Valley Forge or
Synergetics (or their respective legal counsel) or the Shareholders, as the case
may be, to carry out the intent of this Agreement.

         8.       Consent and Waiver. Each Shareholder, solely in their capacity
as a shareholder, hereby gives any consent or waivers that are reasonably
required in connection with a meeting of shareholders or consent in lieu of such
meeting in order to approve and consummate the Merger under the terms of any
agreement to which such Shareholder is a party or pursuant to any other rights
such Shareholder may have.

         9.       Stop Transfer. Synergetics agrees to make a notation in its
records and give instructions to its transfer agent(s) to not permit, at any
time during the term of this Agreement, the Transfer of any Synergetics Shares,
except as may be expressly permitted by this Agreement.

         10.      Miscellaneous.
                  -------------

                  10.1.    Severability. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction to be
invalid, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions of this Agreement shall remain in full force and
effect and shall in no way be affected, impaired or invalidated.

                  10.2.    Binding Effect and Assignment. This Agreement and all
of the provisions hereof shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and permitted assigns, but,
except as otherwise specifically provided herein, neither this Agreement nor any
of the rights, interests or obligations of the parties hereto may be assigned by
any of the parties without the prior written consent of the other. Additionally,
notwithstanding the foregoing or anything to the contrary contained in this
Agreement, Valley Forge is specifically permitted to consummate the
Reincorporation and assign this Agreement to its successor in such
Reincorporation.

                                       4
<PAGE>

                  10.3.    Amendments and Modifications. This Agreement may not
be modified, amended, altered or supplemented except upon the execution and
delivery of a written agreement executed by the parties hereto.

                  10.4.    Specific Performance; Injunctive Relief. The parties
hereto acknowledge that Valley Forge and Synergetics will be irreparably harmed
and that there will be no adequate remedy at law for a violation of any of the
covenants or agreements of the Shareholders set forth herein. Therefore, it is
agreed that, in addition to any other remedies which may be available to Valley
Forge and Synergetics upon such violation, Valley Forge and Synergetics shall
have the right to enforce such covenants and agreements by specific performance,
injunctive relief or by any other means available to them at law or in equity.

                  10.5.    Notices. All notices, requests, claims, demands and
other communications hereunder shall be delivered in accordance with Section
12(f) of the Merger Agreement. All notices, requests, claims, demands and other
communications hereunder shall be delivered to a Shareholder at the address set
forth on Schedule I attached hereto for such Shareholder.

                  10.6.    Governing Law. This Agreement shall be governed by,
construed and enforced in accordance with the laws of the State of Missouri
without giving effect to principles of conflicts of law.

                  10.7.    Entire Agreement. This Agreement contains the entire
understanding of the parties in respect of the subject matter hereof, and
supersedes all prior negotiations and understandings between the parties with
respect to such subject matter.

                  10.8.    Counterparts. This Agreement may be executed in
counterparts, each of which shall be an original, but all of which together
shall constitute one and the same agreement.

                  10.9.    Effect of Headings. The section headings herein are
for convenience only and shall not affect the construction or interpretation of
this Agreement.

                  10.10.   Termination. Notwithstanding anything else in this
Agreement, this Agreement and the Proxy, and all obligations of the Shareholders
under either of them, shall automatically terminate as of the Expiration Date.

                            [Signature page follows]

                                       5
<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed on the day and year first above written.

                                       VALLEY FORGE SCIENTIFIC CORP.

                                       By: /s/ JERRY L. MALIS
                                           -------------------------------------
                                           Name:  Jerry L. Malis
                                           Title: President

                                       SYNERGETICS, INC.

                                       By: /s/ GREGG D. SCHELLER
                                           -------------------------------------
                                           Name:  Gregg D. Scheller
                                           Title: President

                                       GREGG D. SCHELLER REVOCABLE LIVING TRUST
                                       DATED 3/5/02

                                       By: /s/ GREGG D. SCHELLER
                                           -------------------------------------
                                           Name:  Gregg D. Scheller
                                           Title: Trustee

                                       DONNA M. SCHELLER REVOCABLE LIVING TRUST
                                       DATED 3/5/02

                                       By: /s/ DONNA M. SCHELLER
                                           -------------------------------------
                                           Name:  Donna M. Scheller
                                           Title: Trustee

                                       KURT W. GAMPP, JR., REVOCABLE LIVING
                                       TRUST DATED 10/1/02

                                       By: /s/ KURT W. GAMPP, JR.
                                           -------------------------------------
                                           Name:  Kurt W. Gampp, Jr.
                                           Title: Trustee

                                       EARL F. NEELY TRUST

                                       By: /s/ EARL F. NEELY
                                           -------------------------------------
                                           Name:  Earl F. Neely
                                           Title: Trustee

                [Signature Page to Synergetics Voting Agreement]
<PAGE>

                                   Schedule I
                                   ----------

                                  SHAREHOLDERS

Name and Address                                    Number of Synergetics Shares
----------------                                    ----------------------------
Gregg D. Scheller Revocable Living Trust                     176,000
Dated 3/5/02
17820 Suzanne Ridge Road
Wildwood, MO  63038

Donna M. Scheller Revocable Living Trust                     178,000
Dated 3/5/02
17820 Suzanne Ridge Road
Wildwood, MO  63038

Kurt W. Gampp, Jr., Revocable Living Trust                   208,800
Dated 10/1/02
2029 Sundowner Ridge
Wildwood, MO  63011

Earl F. Neely Trust                                           87,288
615 Roundstone Drive
St. Charles, MO  63304-0900
<PAGE>

                                     ANNEX A
                                     -------

         The undersigned shareholder of Synergetics, Inc., a Missouri
corporation ("Synergetics"), hereby irrevocably appoints and constitutes Valley
Forge Scientific Corp., a Pennsylvania corporation (the "Proxyholder"), the
agent and proxy of the undersigned, with full power of substitution and
resubstitution, to the full extent of the undersigned's rights with respect to
the shares of capital stock of Synergetics beneficially owned by the
undersigned, which shares are listed below (collectively, the "Shares"), and any
and all other shares or securities issued or issuable in respect thereof on or
after the date hereof and prior to the date this proxy terminates, to vote the
Shares as follows:

         The agents and proxies named above are empowered at any time prior to
termination of this proxy to exercise all voting and other rights (including,
without limitation, the power to execute and deliver written consents with
respect to the Shares) of the undersigned at every annual, special or adjourned
meeting of Synergetics shareholders, and in every written consent in lieu of
such a meeting, or otherwise:

                  1.       In favor of approval of the Merger (as defined in the
         Synergetics Voting Agreement dated as of May 2, 2005 among the
         Shareholders (as defined therein), Synergetics and the Proxyholder (the
         "Voting Agreement")) and that certain Agreement and Plan of Merger
         dated as of May 2, 2005 by and among Synergetics, the Proxyholder and
         Synergetics Acquisition Corporation, a Delaware corporation and a
         wholly-owned subsidiary of the Proxyholder ("MergerSub"), and any
         matter that could reasonably be expected to facilitate the Merger; and

                  2.       Against (i) approval of any proposal made in
         opposition to or competition with consummation of the Merger and the
         Merger Agreement, (ii) any merger, consolidation, sale of assets,
         reorganization or recapitalization with any other party, (iii) any
         liquidation, or winding up of Synergetics and (iv) any other matter
         which would, or could reasonably be expected to, prohibit or discourage
         the Merger.

         The Proxyholder may not exercise this proxy on any other matter. The
undersigned shareholder may vote the Shares on all such other matters.

         The proxy granted by the shareholder to the Proxyholder hereby is
granted as of the date of this Agreement in order to secure the obligations of
the shareholder set forth in Section 2 of the Voting Agreement, and is
irrevocable and coupled with an interest in such obligations and in the
interests in Synergetics to be purchased and sold pursuant to the Merger
Agreement and in consideration of the Proxyholder entering into the Voting
Agreement and the Merger Agreement and incurring certain related fees and
expenses. This proxy will terminate upon the termination of the Voting Agreement
in accordance with its terms.
<PAGE>

         Upon execution hereof, all prior proxies given by the undersigned with
respect to the Shares and any and all other shares or securities issued or
issuable in respect thereof on or after the date hereof and hereby revoked and
no subsequent proxies will be given until such time as this proxy shall be
terminated in accordance with its terms.

         Any obligation of the undersigned hereunder shall be binding upon the
successors and assigns of the undersigned. The undersigned shareholder
authorizes the Proxyholder to file this proxy and any substitution or revocation
of substitution with the Secretary of Synergetics and with any Inspector of
Elections at any meeting of the shareholders of Synergetics.

         This proxy is irrevocable and shall survive the insolvency, incapacity,
death or liquidation of the undersigned.

         Dated: May 2, 2005

                             Signature of Shareholder:__________________________

                             Print name of Shareholder:_________________________

                             Shares beneficially owned:_________________________

                             _____________________________shares of Common Stock<PAGE>
EXHIBIT 10.1

                          AGREEMENT AND GENERAL RELEASE
                          -----------------------------

         GLOBIX CORPORATION, 139 Centre Street, New York, New York, 10013
("Employer" or "Company") and JOHN D. MCCARTHY, 290 Main Street, Westport,
Connecticut, 06880, his heirs, executors, administrators, successors, and
assigns (collectively referred to throughout this Agreement as "Employee"),
agree that:

         1. LAST DAY OF EMPLOYMENT. Employee's last day of employment with
Employer was March 1, 2005.

         2. CONSIDERATION. In consideration for signing this Agreement and
General Release and compliance with the promises made herein, Employer agrees:

             a. to pay to Employee Ninety Five Thousand Dollars and No Cents
($95,000.00), less lawful deductions as required by the Internal Revenue Service
and other state and federal taxing authorities for salary/payroll purposes but
not for calculating bonus payments, within twenty (20) business days after
receipt of a fully executed original of this Agreement and General Release and a
letter from Employee in the form attached hereto as Exhibit "A", provided the
revocation period described below has expired and Employee has not revoked his
acceptance of this Agreement and General Release.

             b. if Employee elects to continue medical [and dental] coverage
under the United Healthcare and MetLife Dental plans with the continuation
requirements of COBRA, Employer shall pay for the cost of said coverage
beginning on the last day of employment and ending on August 31, 2005.
Thereafter, Employee shall be entitled to continue such COBRA coverage for the
remainder of the COBRA period, at his own expense.

             c. to cause Employee to continue to be subject to coverage under
Employer's Directors and Officers Insurance in connection with his actions as a
senior executive officer of Employer during the course of his employment to the
same scope and extent as any other similarly situated executive officer of
Company and any other protections provided to other similarly situated officers
and directors under Delaware law or the Company's Articles of Incorporation and
By-Laws, as adopted from time to time, by the Board of Directors of Company.

         3. NO CONSIDERATION ABSENT EXECUTION OF THIS AGREEMENT. Employee
understands and agrees that he would not receive the monies and/or benefits
specified in paragraph "3" above, except for his execution of this Agreement and
General Release and the fulfillment of the promises contained herein.

         4. GENERAL RELEASE OF CLAIMS. Employee knowingly and voluntarily
releases and forever discharges, to the full extent permitted by law, Employer,
its parent corporation, affiliates, subsidiaries, divisions, predecessors,
successors and assigns and the current and former benefit plan administrators
and trustees, employees, officers, directors and agents thereof (collectively
referred to throughout the remainder of this Agreement as "Releasees"), of and
from any and all claims, known and unknown, asserted and unasserted, Employee
has or may have against Releasees as of the date of execution of this Agreement
and General Release, including, but not limited to, any alleged violation of:

<PAGE>

o    Title VII of the Civil Rights Act of 1964, as amended;

o    The Civil Rights Act of 1991;

o    Sections 1981 through 1988 of Title 42 of the United States Code, as
     amended;

o    The Employee Retirement Income Security Act of 1974, as amended;

o    The Immigration Reform and Control Act, as amended;

o    The Americans with Disabilities Act of 1990, as amended;

o    The Age Discrimination in Employment Act of 1967, as amended;

o    The Older Workers Benefit Protection Act, as amended;

o    The Workers Adjustment and Retraining Notification Act, as amended;

o    The Occupational Safety and Health Act, as amended;

o    The Sarbanes-Oxley Act of 2002, to the extent permitted by law;

o    The New York Human Rights Law, as amended;

o    The New York City Human Rights Law, as amended;

o    The New York Labor Law, as amended;

o    The New York City Charter and Administrative Code, as amended;

o    The New York Equal Pay Law, as amended;

o    The New York Whistleblower Law, as amended;

o    The New York Legal Activities Law, as amended;

o    The anti-retaliation provisions of the New York Workers' Compensation and
     Disability Benefits Laws, as amended;

o    The New York Occupational Safety and Health Laws, as amended;

o    Any other federal, state or local civil or human rights law or any other
     local, state or federal law, regulation or ordinance;

o    Any public policy, contract (oral or written, express or implied), tort, or
     common law; or

o    Any claim for costs, fees, or other expenses including attorneys' fees
     incurred in these matters.

Employer knowingly and voluntarily releases and forever discharges, to the full
extent permitted by Delaware law, Employee, his heirs, successors and assigns of
and from any and all claims, known and unknown, asserted and unasserted,
Employer has or may have against Employee as of the date of execution of this
Agreement and General Release.

         5. AFFIRMATIONS. Employee affirms that he has not filed, caused to be
filed, or presently is a party to any claim, complaint, or action against
Releasees in any forum or form. Employee further affirms that he has been paid
and/or has received all leave (paid or unpaid), compensation, wages, bonuses,
commissions, and/or benefits to which he may be entitled and that no other leave
(paid or unpaid), compensation, wages, bonuses, commissions and/or benefits are
due to him, except as provided in this Agreement and General Release. Employee
furthermore affirms that he has no known workplace injuries or occupational
diseases and has been provided and/or has not been denied any leave requested
under the Family and Medical Leave Act.

                                       2
<PAGE>

         6. NON-DISPARAGEMENT. Employee agrees to make no negative statements
nor take any action which directly or indirectly defames, disparages, demeans,
derogates Releasees or their services, reputations, officers, employees,
financial status or operations or which damages Releasees in any business
relationship. The Company agrees to make no negative statements nor take any
action which directly or indirectly defames, disparages, demeans, or derogates
Employee or his services, character or reputation, or which damages Employee in
any business relationship.

         7. CONFIDENTIALITY. Employee agrees to keep secret and to preserve the
confidentiality of all proprietary business information that he acquired or that
came to his attention or into his possession during the term of his employment
at Employer. Employee expressly represents and warrants that he does not have
within his possession or under his control any confidential business information
of Employer including, but not limited to, customer lists, business plans or
strategies, pricing information or other proprietary information. Employee
further agrees to keep secret and to preserve the confidentiality of this
Agreement, and not to discuss the terms hereof with any third party other than
his spouse, financial advisor and an attorney with whom Employee wishes to
consult regarding his consideration of this Agreement and General Release (who
shall agree to preserve such confidentially). Employee acknowledges that a
breach of the provisions of this paragraph would cause irreparable harm to
Employer that could not be adequately remedied by the payment of money;
therefore, in addition to all other remedies that might be available at law or
in equity, Employee agrees that Employer may seek injunctive relief in any court
of competent jurisdiction in order to address any such breach that might come to
its attention. Provided, however, in the event Employer determines in its sole
discretion that it is appropriate to file a copy of this agreement with the SEC
(or like governmental body) due to Employee's position with the Company, such
filing shall not be considered a breach of this paragraph 7.

         8. COOPERATION. Employee agrees to immediately notify Employer if
Employee is served with legal process concerning legal action in any way
connected with Releasees.

         9. STOCK OPTIONS Employee may exercise any stock option(s) in
accordance with the Globix Corporation 2003 Stock Option Plan and with the
"Globix Corporation 2003 Stock Option Plan Nonqualified Stock Option Agreement"
dated November 26th and executed by Employee, a copy of which is attached to
this Agreement and General Release as "Exhibit B". Employer acknowledges that,
for the purposes of Exhibit B, Employee's termination was for a reason other
than death, Disability or Cause. Employee shall have all rights and entitlements
as set forth in his 2003 Stock Option Agreement and in the event a cashless
exercise program is implemented during his ninety (90) day option exercise
period he shall be entitled to use same.

         10. RETURN OF COMPANY PROPERTY: Employee warrants and represents that
he has not destroyed and has delivered to Employer all memoranda, notes,
records, computers, computer programs, computer files, computer software,
computer hardware, computer disks, marketing and financial information whether
made by him or not. Prior to executing this Agreement and General Release
Employee will return all property of Employer which is in his possession,
custody or control, and by signing this Agreement and General Release Employee
warrants and represents that all such property has been returned. Employee shall
be permitted to keep the Dell laptop previously provided to him by the Company
provided he promptly returns same to the Company for removal of all Company
data. In the event Employee has already stripped the laptop of said data this
right will be forfeited. Additionally, this right is contingent upon return of
the Blackberry device previously provided to him.

                                       3
<PAGE>

         11. GOVERNING LAW AND INTERPRETATION. This Agreement and General
Release shall be governed and conformed in accordance with the laws of the state
in which Employee was employed at the time of his last day of employment without
regard to its conflict of laws provision. In the event the Employee or Employer
breaches any provision of this Agreement and General Release, Employee and
Employer affirm that either may institute an action to specifically enforce any
term or terms of this Agreement and General Release. Should any provision of
this Agreement and General Release be declared illegal or unenforceable by any
court of competent jurisdiction and cannot be modified to be enforceable,
excluding the general release language, such provision shall immediately become
null and void, leaving the remainder of this Agreement and General Release in
full force and effect.

         12. NONADMISSION OF WRONGDOING. The parties agree that neither this
Agreement and General Release nor the furnishing of the consideration for this
Release shall be deemed or construed at anytime for any purpose as an admission
by Releasees of any liability, wrongdoing or unlawful conduct of any kind.

         13. AMENDMENT. This Agreement and General Release may not be modified,
altered or changed except upon express written consent of both parties wherein
specific reference is made to this Agreement and General Release.

         14. NO WAIVER. The waiver by any party of a breach of any provision of
this Agreement and General Release shall not operate or be construed as a waiver
of any subsequent breach by any party.

         15. REVOCATION. Employee may revoke this Agreement and General Release
for a period of seven (7) calendar days following the day he executes this
Agreement and General Release. Any revocation within this period must be
submitted, in writing, to Karen Dean and state, "I hereby revoke my acceptance
of our Agreement and General Release." The revocation must be personally
delivered to Karen Dean or her designee, or mailed to Karen Dean and postmarked
within seven (7) calendar days of execution of this Agreement and General
Release. This Agreement and General Release shall not become effective or
enforceable until the revocation period has expired and a letter in the form
attached as Exhibit "A," dated and signed no sooner than eight (8) days after
Employee dates and signs this Agreement and General Release, is received by
Karen Dean. If the last day of the revocation period is a Saturday, Sunday, or
legal holiday in the state in which Employee was employed at the time of his
last day of employment, then the revocation period shall not expire until the
next following day which is not a Saturday, Sunday, or legal holiday.

                                       4
<PAGE>

         16. ENTIRE AGREEMENT. This Agreement and General Release sets forth the
entire agreement between the parties hereto, and fully supersedes any prior
agreements or understandings between the parties, except agreements relating to
competition, solicitation and/or confidential information and the nonqualified
stock option agreement attached as "Exhibit B". Employee acknowledges that he
has not relied on any representations, promises, or agreements of any kind made
to him in connection with his decision to accept this Agreement and General
Release, except for those set forth in this Agreement and General Release.

         17. PAYMENT OF LEGAL FEES. Each party shall bear its own attorney's
fees, legal costs and expenses in connection with the preparation, review and/or
execution of this Agreement.

         EMPLOYEE IS HEREBY ADVISED THAT HE HAS UP TO TWENTY-ONE (21) CALENDAR
DAYS TO REVIEW THIS AGREEMENT AND GENERAL RELEASE AND TO CONSULT WITH AN
ATTORNEY PRIOR TO EXECUTION OF THIS AGREEMENT AND GENERAL RELEASE.

         EMPLOYEE AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO
THIS AGREEMENT AND GENERAL RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE
ORIGINAL TWENTY-ONE (21) CALENDAR DAY CONSIDERATION PERIOD.

         HAVING ELECTED TO EXECUTE THIS AGREEMENT AND GENERAL RELEASE, TO
FULFILL THE PROMISES AND TO RECEIVE THE SUMS AND BENEFITS IN PARAGRAPH "2"
ABOVE, EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO
THIS AGREEMENT AND GENERAL RELEASE INTENDING TO WAIVE, SETTLE AND RELEASE ALL
CLAIMS HE HAS OR MIGHT HAVE AGAINST EMPLOYER.

         IN WITNESS WHEREOF, the parties hereto knowingly and voluntarily
executed this Agreement and General Release as of the date set forth below:

                                            GLOBIX CORPORATION

/s/ John D. McCarthy                        By: /s/ James C. Schroeder
-------------------------------                 --------------------------------
JOHN D. MCCARTHY                                JAMES C. SCHROEDER
                                                Vice President & General Counsel

Date:  4/14/05                              Date: 04/14/05

                                       5

<PAGE>

                                   EXHIBIT A
                                   ---------

April 28, 2005

Ms. Karen A. Dean
Director, Human Resources
Globix Corporation
139 Centre Street
New York, NY 10013

                                             Re: Agreement and General Release
                                                 -----------------------------

Dear Ms. Dean:

         On April 14, 2005 I executed an Agreement and General Release between
Globix Corporation and me. I was advised by Globix Corporation, in writing, to
consult with an attorney of my choosing, prior to executing this Agreement and
General Release.

         More than seven (7) calendar days have elapsed since I executed the
above-mentioned Agreement and General Release. I have at no time revoked my
acceptance or execution of that Agreement and General Release and hereby
reaffirm my acceptance of that Agreement and General Release. Therefore, in
accordance with the terms of our Agreement and General Release, I hereby request
payment of the monies described in Paragraph 3 of that Agreement.

                                        Very truly yours,

                                        /s/ John D. McCarthy

                                        John D. McCarthy

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