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SUPPLEMENTAL INDENTURE TO BE DELIVERED
BY GUARANTEEING SUBSIDIARIES
Supplemental Indenture (this "Supplemental Indenture"), dated as
of
February 20, 2007, among L-3 Communications Corporation (or its
permitted
successor), a Delaware corporation (the "Company"), each
subsidiary of the
Company signatory hereto (each, a "Guaranteeing Subsidiary", and
collectively,
the "Guaranteeing Subsidiaries"), and The Bank of New York, as
trustee under the
indenture referred to below (the "Trustee").
WITNESSETH
WHEREAS, the Company has heretofore executed and delivered to
the
Trustee an indenture (the "Indenture"), dated as of June 28,
2002 providing for
the issuance of an aggregate principal amount of up to
$750,000,000 of 7 5/8%
Senior Subordinated Notes due 2012 (the "Notes");
WHEREAS, the Indenture provides that under certain circumstances
the
Guaranteeing Subsidiaries shall execute and deliver to the
Trustee a
supplemental indenture pursuant to which the Guaranteeing
Subsidiaries shall
unconditionally guarantee all of the Company's obligations under
the Notes and
the Indenture on the terms and conditions set forth herein (the
"Subsidiary
Guarantee"); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee
is
authorized to execute and deliver this Supplemental
Indenture.
NOW THEREFORE, in consideration of the foregoing and for other
good
and valuable consideration, the receipt of which is hereby
acknowledged, the
Guaranteeing Subsidiaries and the Trustee mutually covenant and
agree for the
equal and ratable benefit of the Holders of the Notes as
follows:
1. CAPITALIZED TERMS. Capitalized terms used herein without
definition
shall have the meanings assigned to them in the Indenture.
2. AGREEMENT TO GUARANTEE. Each Guaranteeing Subsidiary hereby
agrees
as follows:
(a) Such Guaranteeing Subsidiary, jointly and severally with
all
other current and future guarantors of the Notes
(collectively, the "Guarantors" and each, a "Guarantor"),
unconditionally guarantees to each Holder of a Note
authenticated and delivered by the Trustee and to the
Trustee and its successors and assigns, regardless of the
validity and enforceability of the Indenture, the Notes or
the Obligations of the Company under the Indenture or the
Notes, that:
(i) the principal of, premium, interest and Additional
Amounts, if any, on the Notes will be promptly paid in
full when due, whether at maturity, by acceleration,
redemption or otherwise, and interest on the overdue
principal of, premium, interest and Additional
Amounts, if any, on the Notes, to the extent lawful,
and all other Obligations of the Company to the
Holders or the Trustee thereunder or under the
Indenture will be promptly paid in full, all in
accordance with the terms thereof; and
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(ii) in case of any extension of time for payment or
renewal of any Notes or any of such other Obligations,
that the same will be promptly paid in full when due
in accordance with the terms of the extension or
renewal, whether at stated maturity, by acceleration
or otherwise.
(b) Notwithstanding the foregoing, in the event that this
Subsidiary Guarantee would constitute or result in a
violation of any applicable fraudulent conveyance or similar
law of any relevant jurisdiction, the liability of such
Guaranteeing Subsidiary under this Supplemental Indenture
and its Subsidiary Guarantee shall be reduced to the maximum
amount permissible under such fraudulent conveyance or
similar law.
3. EXECUTION AND DELIVERY OF SUBSIDIARY GUARANTEES.
(a) To evidence its Subsidiary Guarantee set forth in this
Supplemental Indenture, such Guaranteeing Subsidiary hereby
agrees that a notation of such Subsidiary Guarantee
substantially in the form of Exhibit F to the Indenture
shall be endorsed by an officer of such Guaranteeing
Subsidiary on each Note authenticated and delivered by the
Trustee after the date hereof.
(b) Notwithstanding the foregoing, such Guaranteeing
Subsidiary
hereby agrees that its Subsidiary Guarantee set forth herein
shall remain in full force and effect notwithstanding any
failure to endorse on each Note a notation of such
Subsidiary Guarantee.
(c) If an Officer whose signature is on this Supplemental
Indenture or on the Subsidiary Guarantee no longer holds
that office at the time the Trustee authenticates the Note
on which a Subsidiary Guarantee is endorsed, the Subsidiary
Guarantee shall be valid nevertheless.
(d) The delivery of any Note by the Trustee, after the
authentication thereof under the Indenture, shall constitute
due delivery of the Subsidiary Guarantee set forth in this
Supplemental Indenture on behalf of each Guaranteeing
Subsidiary.
(e) Each Guaranteeing Subsidiary hereby agrees that its
obligations hereunder shall be unconditional, regardless of
the validity, regularity or enforceability of the Notes or
the Indenture, the absence of any action to enforce the
same, any waiver or consent by any Holder of the Notes with
respect to any provisions hereof or thereof, the recovery of
any judgment against the Company, any action to enforce the
same or any other circumstance which might otherwise
constitute a legal or equitable discharge or defense of a
guarantor.
(f) Each Guaranteeing Subsidiary hereby waives diligence,
presentment, demand of payment, filing of claims with a
court in the event of insolvency or bankruptcy of the
Company, any right to require a proceeding first against the
Company, protest, notice and all demands whatsoever and
covenants that its Subsidiary Guarantee made pursuant
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to this Supplemental Indenture will not be discharged except
by complete performance of the Obligations contained in the
Notes and the Indenture.
(g) If any Holder or the Trustee is required by any court or
otherwise to return to the Company or any Guaranteeing
Subsidiary, or any custodian, Trustee, liquidator or other
similar official acting in relation to either the Company or
such Guaranteeing Subsidiary, any amount paid by either to
the Trustee or such Holder, the Subsidiary Guarantee made
pursuant to this Supplemental Indenture, to the extent
theretofore discharged, shall be reinstated in full force
and effect.
(h) Each Guaranteeing Subsidiary agrees that it shall not be
entitled to any right of subrogation in relation to the
Holders in respect of any Obligations guaranteed hereby
until payment in full of all Obligations guaranteed hereby.
Each Guaranteeing Subsidiary further agrees that, as between
such Guaranteeing Subsidiary, on the one hand, and the
Holders and the Trustee, on the other hand:
(iii) the maturity of the Obligations guaranteed hereby may
be accelerated as provided in Article 6 of the
Indenture for the purposes of the Subsidiary Guarantee
made pursuant to this Supplemental Indenture,
notwithstanding any stay, injunction or other
prohibition preventing such acceleration in respect of
the obligations guaranteed hereby; and
(iv) in the event of any declaration of acceleration of
such obligations as provided in Article 6 of the
Indenture, such obligations (whether or not due and
payable) shall forthwith become due and payable by
such Guaranteeing Subsidiary for the purpose of the
Subsidiary Guarantee made pursuant to this
Supplemental Indenture.
(i) Each Guaranteeing Subsidiary shall have the right to
seek
contribution from any other non-paying Guaranteeing
Subsidiary so long as the exercise of such right does not
impair the rights of the Holders or the Trustee under the
Subsidiary Guarantee made pursuant to this Supplemental
Indenture.
4. GUARANTEEING SUBSIDIARY MAY CONSOLIDATE, ETC. ON CERTAIN
TERMS.
(a) Except as set forth in Articles 4 and 5 of the
Indenture,
nothing contained in the Indenture, this Supplemental
Indenture or in the Notes shall prevent any consolidation or
merger of any Guaranteeing Subsidiary with or into the
Company or any other Guarantor or shall prevent any
transfer, sale or conveyance of the property of any
Guaranteeing Subsidiary as an entirety or substantially as
an entirety, to the Company or any other Guarantor.
(b) Except as set forth in Article 4 of the Indenture,
nothing
contained in the Indenture, this Supplemental Indenture or
in the Notes shall prevent any consolidation or merger of
any Guaranteeing Subsidiary with or into a
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corporation or corporations other than the Company or any
other Guarantor (in each case, whether or not affiliated
with the Guaranteeing Subsidiary), or successive
consolidations or mergers in which a Guaranteeing Subsidiary
or its successor or successors shall be a party or parties,
or shall prevent any sale or conveyance of the property of
any Guaranteeing Subsidiary as an entirety or substantially
as an entirety, to a corporation other than the Company or
any other Guarantor (in each case, whether or not affiliated
with the Guaranteeing Subsidiary) authorized to acquire and
operate the same; provided, however, that each Guaranteeing
Subsidiary hereby covenants and agrees that (i) subject to
the Indenture, upon any such consolidation, merger, sale or
conveyance, the due and punctual performance and observance
of all of the covenants and conditions of the Indenture and
this Supplemental Indenture to be performed by such
Guaranteeing Subsidiaries, shall be expressly assumed (in
the event that such Guaranteeing Subsidiary is not the
surviving corporation in the merger), by supplemental
indenture satisfactory in form to the Trustee, executed and
delivered to the Trustee, by the corporation formed by such
consolidation, or into which such Guaranteeing Subsidiary
shall have been merged, or by the corporation which shall
have acquired such property and (ii) immediately after
giving effect to such consolidation, merger, sale or
conveyance no Default or Event of Default exists.
(c) In case of any such consolidation, merger, sale or
conveyance and upon the assumption by the successor
corporation, by supplemental indenture, executed and
delivered to the Trustee and satisfactory in form to the
Trustee, of the Subsidiary Guarantee made pursuant to this
Supplemental Indenture and the due and punctual performance
of all of the covenants and conditions of the Indenture and
this Supplemental Indenture to be performed by such
Guaranteeing Subsidiary, such successor corporation shall
succeed to and be substituted for such Guaranteeing
Subsidiary with the same effect as if it had been named
herein as the Guaranteeing Subsidiary. Such successor
corporation thereupon may cause to be signed any or all of
the Subsidiary Guarantees to be endorsed upon the Notes
issuable under the Indenture which theretofore shall not
have been signed by the Company and delivered to the
Trustee. All the Subsidiary Guarantees so issued shall in
all respects have the same legal rank and benefit under the
Indenture and this Supplemental Indenture as the Subsidiary
Guarantees theretofore and thereafter issued in accordance
with the terms of the Indenture and this Supplemental
Indenture as though all of such Subsidiary Guarantees had
been issued at the date of the execution hereof.
5. RELEASES.
(a) Concurrently with any sale of assets (including, if
applicable, all of the Capital Stock of a Guaranteeing
Subsidiary), all Liens, if any, in favor of the Trustee in
the assets sold thereby shall be released; provided that in
the event of an Asset Sale, the Net Proceeds from such sale
or other disposition are treated in accordance with the
provisions of Section 4.10 of the Indenture. If the assets
sold in such sale or other disposition
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include all or substantially all of the assets of a
Guaranteeing Subsidiary or all of the Capital Stock of a
Guaranteeing Subsidiary, then the Guaranteeing Subsidiary
(in the event of a sale or other disposition of all of the
Capital Stock of such Guaranteeing Subsidiary) or the Person
acquiring the property (in the event of a sale or other
disposition of all or substantially all of the assets of
such Guaranteeing Subsidiary) shall be released from and
relieved of its Obligations under this Supplemental
Indenture and its Subsidiary Guarantee made pursuant hereto;
provided that in the event of an Asset Sale, the Net
Proceeds from such sale or other disposition are treated in
accordance with the provisions of Section 4.10 of the
Indenture. Upon delivery by the Company to the Trustee of an
Officers' Certificate to the effect that such sale or other
disposition was made by the Company or the Gu
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