Pre-Effective Amendment to Registration Statement (General Form) · Form S-1
Filing Table of Contents
Document/Exhibit Description Pages Size
1: S-1/A Amended Registration Statement 216 1,078K
2: EX-10.1 Credit Agreement 214 596K
3: EX-99.A1 Form of Tranche a Term Note 370 1,068K
4: EX-10.2 Indenture 127 434K
5: EX-10.5 Employment Agreement 32 94K
6: EX-10.51 Employment Agreement 32 95K
7: EX-10.61 Lease Dated as of April 29, 1997 Among Lockheed 38 120K
Martin Tactical Systems, Inc., L-3
Communications Corporation and Unisys
Corporation
8: EX-10.7 Limited Noncompetition Agreement 20 93K
9: EX-10.8 Asset Purchase Agreement 195 698K
10: EX-10.81 Asset Purchase Agreement 323 1,437K
11: EX-12 Computation of Ration of Earnings to Fixed Charges 2± 14K
12: EX-23.2 Consent of Independent Auditors 1 10K
13: EX-23.3 Consent of Independent Auditors 1 8K
14: EX-23.31 Consent of Independent Auditors 1 8K
15: EX-23.4 Consent of Independent Auditors 1 7K
ASSET PURCHASE AGREEMENT
BETWEEN
FAP TRUST
AND
L-3 COMMUNICATIONS CORPORATION
FEBRUARY 10, 1998
TABLE OF CONTENTS
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ARTICLE I
DEFINITIONS ............................. 1
ARTICLE II
PURCHASE AND SALE .......................... 6
II.1 Purchase and Sale ........................................ 6
II.2 Cash Purchase Price ...................................... 6
II.3 Adjustment of Cash Purchase Price ........................ 7
II.4 Post-Closing Payment ..................................... 8
II.5 Dispute Resolution ....................................... 11
II.6 Closing .................................................. 12
ARTICLE III
REPRESENTATIONS AND WARRANTIES OF SELLER ............... 13
III.1 Due Organization of Seller ............................... 13
III.2 Requisite Consents; Nonviolation ......................... 13
III.3 Due Organization of the Company .......................... 14
III.4 Acquired Assets .......................................... 14
III.5 Subsidiaries, etc ........................................ 14
III.6 Financial Data ........................................... 14
III.7 No Material Changes ...................................... 14
III.8 Undisclosed Liabilities .................................. 15
III.9 Governmental Authorizations; Compliance with Law ......... 15
III.10 Litigation ............................................... 16
III.11 Employee Benefit Plans ................................... 16
III.12 Intellectual Property .................................... 17
III.13 Real and Personal Property ............................... 18
III.14 Insurance ................................................ 19
III.15 Tax Matters .............................................. 19
III.16 Environmental Matters .................................... 20
III.17 Contracts ................................................ 21
III.18 Inventory ................................................ 22
III.19 Accounts Receivable ...................................... 22
III.20 Condition of Plant and Equipment ......................... 22
III.21 Customers and Suppliers .................................. 22
III.22 Bank Accounts ............................................ 23
III.23 Brokers, Finders, Etc .................................... 23
III.24 Employees ................................................ 23
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III.25 Government Contracts ..................................... 23
III.26 Government Furnished Equipment ........................... 25
III.27 Organizational Conflicts of Interest ..................... 25
III.28 Affiliate Transactions ................................... 25
III.29 Disclosure in the Seller's Schedule ...................... 25
ARTICLE IV
REPRESENTATIONS AND WARRANTIES OF BUYER ............... 25
IV.1 Due Incorporation; Requisite Power and Authority ......... 25
IV.2 Requisite Consents; Nonviolation ......................... 26
IV.3 Broker's Fees ............................................ 26
ARTICLE V
CERTAIN TRANSACTIONS AND AGREEMENTS
PRIOR TO THE CLOSING DATE ...................... 26
V.1 Confidentiality .......................................... 26
V.2 Business Organization .................................... 26
V.3 Cooperation .............................................. 27
V.4 Subsidiary Merger ........................................ 28
V.5 No Seller Distributions .................................. 28
V.6 Further Assurances ....................................... 28
ARTICLE VI
COVENANTS REGARDING POST CLOSING ACTIVITIES ............. 29
VI.1 Employee Matters ......................................... 29
VI.2 Seller's Indemnification ................................. 30
VI.3 Contracts Requiring Consent to Assignment ................ 33
VI.4 Company Plans ............................................ 33
VI.5 Research and Experimental Expenses ....................... 33
ARTICLE VII
CONDITIONS TO OBLIGATIONS OF BUYER AND SELLER ............ 34
VII.1 Government Approvals; Litigation ......................... 34
VII.2 Permits and Approvals .................................... 34
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ARTICLE VIII
CONDITIONS TO BUYER'S OBLIGATIONS .................. 34
VIII.1 Representations and Warranties; Performance .............. 34
VIII.2 Escrow Agreement ......................................... 34
VIII.3 Subsidiary Merger ........................................ 35
VIII.4 Material Adverse Change .................................. 35
VIII.5 Proceedings .............................................. 35
VIII.6 Ilex Agreement ........................................... 35
VIII.7 Non-Competition Agreements ............................... 35
ARTICLE IX
CONDITIONS TO OBLIGATIONS OF SELLER ................. 35
IX.1 Representations and Warranties; Performance .............. 35
IX.2 Proceedings .............................................. 35
IX.3 Ilex Agreement ........................................... 36
ARTICLE X
FEES AND EXPENSES .......................... 36
X.1 Expenses ................................................. 36
X.2 Fees or Commissions of Brokers ........................... 36
ARTICLE XI
TERMINATION ............................. 36
XI.1 Termination of Agreement ................................. 36
XI.2 Effect of Termination .................................... 36
ARTICLE XII
MISCELLANEOUS ............................ 37
XII.1 Time of the Essence ...................................... 37
XII.2 Entire Agreement ......................................... 37
XII.3 Press Releases and Public Announcements .................. 37
XII.4 Counterparts ............................................. 37
XII.5 Descriptive Headings ..................................... 37
XII.6 Notices .................................................. 37
XII.7 Arbitration .............................................. 38
XII.8 Choice of Law ............................................ 39
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XII.9 Bulk Sale and Other Tax Filings .......................... 39
XII.10 Transfer Taxes; Sales Tax ................................ 39
XII.11 Binding Effect; Benefits ................................. 39
XII.12 Assignability ............................................ 39
XII.13 Waiver and Amendment ..................................... 39
XII.14 Attorneys' Fees .......................................... 40
XII.15 Severability ............................................. 40
XII.16 No Recourse .............................................. 40
EXHIBIT A Seller's Schedule
EXHIBIT VIII.2 Form of Assignment of Escrow Agreement
EXHIBIT VIII.7 Form of Assignment of Non-Competition Agreements
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ASSET PURCHASE AGREEMENT
THIS ASSET PURCHASE AGREEMENT (the "Agreement") dated as of February 10,
1998 is entered into by and among L-3 COMMUNICATIONS CORPORATION, a Delaware
corporation ("Buyer") and FAP TRUST, a Connecticut trust ("Seller").
RECITALS
WHEREAS, the Buyer wishes to purchase from Seller, and Seller wishes to
sell to the Buyer, all of the Acquired Assets (as hereinafter defined) subject
to the assumption by the Buyer of the Assumed Liabilities (as hereinafter
defined), upon the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the premises and the mutual promises
herein made, and in consideration of the representations, warranties, and
covenants herein contained, the Parties agree as follows:
ARTICLE I
DEFINITIONS
As used herein:
"Acquired Assets" means all of the assets (tangible and intangible)
of the Seller, including those of the Acquired Company (as hereinafter defined)
(except for those assets listed in the proviso to this definition), including,
without limitation, all of its right, title and interest in and to:
(a) Leaseholds and subleaseholds of real property to which it is a
party, and all, improvements, fixtures, and fittings thereon, and
easements, rights-of-way, and other appurtenants thereto (such as
appurtenant rights in and to public streets);
(b) Tangible personal property (such as machinery, equipment,
inventories of raw materials and supplies, manufactured and purchased
parts, goods in process and finished goods, furniture, automobiles,
trucks, tractors, trailers, tools, jigs, and dies);
(c) Intellectual Property, goodwill associated therewith, licenses
and sublicenses granted and obtained with respect thereto, and rights
thereunder, remedies against infringements thereof, and rights to
protection of interests therein under the laws of all jurisdictions;
(d) Leases, subleases, and rights thereunder;
(e) Agreements, contracts, indentures, mortgages, instruments,
security interests, guaranties, other similar arrangements, and rights
thereunder;
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(f) Accounts, notes, and other receivables, except those excluded
under clause (iv) of the proviso to this definition;
(g) Claims, deposits, prepayments, refunds, causes of action, choses
in action, rights of recovery, rights of set off, and rights of
recoupment;
(h) Franchises, approvals, permits, licenses, orders, registrations,
certificates, variances, and similar rights obtained from governments and
governmental agencies;
(i) Prepaid expenses, except those excluded under clause (v) of the
proviso to this definition;
(j) Books, records, ledgers, files, documents, correspondence,
lists, plats, architectural plans, drawings, and specifications, creative
materials, advertising and promotional materials, studies, reports, and
other printed or written materials (collectively, the "Books and
Records"), except those excluded under clause (i) of the proviso to this
definition; and
(k) All cash and all bank accounts and brokerage accounts and
similar accounts and cash equivalents, including deposits in transit,
except as set forth in clause (iii) of the proviso to this definition.
PROVIDED, HOWEVER, that notwithstanding the foregoing, the Acquired Assets shall
not include:
(i) With respect to the Company, the corporate charter,
qualifications to conduct business as a foreign corporation,
arrangements with registered agents relating to foreign
qualifications, taxpayer and other identification numbers, seals,
minute books, stock transfer books, blank stock certificates,
original Tax Returns and other documents relating to the
organization, maintenance, and existence of the Company as a
corporation;
(ii) Any assets or rights which are not assignable pursuant to
the terms of the document or instrument creating same or which are
only assignable with the consent of a third party who refuses to
grant such consent, which shall be transferred as and when such
consent is obtained and otherwise as provided in Section VI.3 of
this Agreement;
(iii) Any cash held on deposit in a tax reserve account
established by the Company for the payment of any federal, state,
local or foreign income Taxes payable with respect to periods prior
to the date three (3) Business Days prior to the Closing Date, so
long as notice of the amount of such cash and the account number of
such account shall be provided to the Buyer not later than such
third Business Day); and
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(iv) $1,000,000 book value of trade accounts receivable of the
Acquired Company (which specific receivables shall be identified and
reasonably agreed upon by the parties on or prior to the Closing
Date); and
(v) Prepaid expenses relating to the expenses incurred in
connection with the negotiation and consummation of the transactions
contemplated by this Agreement.
"Acquired Company" means the direct and indirect assets, liabilities
and business as a going concern of the Company transferred to Seller in the
dissolution and liquidation of the Company.
"Agreement" has the meaning set forth in the preface above.
"Assumed Liabilities" means all Liabilities of the Acquired Company
(except for those Liabilities expressly excluded in the proviso to this
definition), including, but not limited to:
(a) All Liabilities of the Company to be performed following the
Closing expressly provided for under or incurred pursuant to the terms of
the written agreements, contracts, employment agreements, leases,
licenses, instruments and other items which are included as Acquired
Assets, but only to the extent any required consents to the assignment
thereof have been obtained or Buyer has otherwise expressly agreed to
assume liability under such agreement;
(b) All Liabilities for product warranty claims or any use of or
defect in any of the products or services sold by the Company, the
Subsidiary or the Acquired Company prior to the Closing Date;
(c) Liabilities to employees of Acquired Company arising out of
workers' compensation or disability leaves of absence if said employee is
entitled to an offer of employment pursuant to this Agreement and any
other similar obligations or liabilities; and
(d) Liabilities resulting from, arising out of or caused by any
breach of contract by the Company, the Subsidiary or the Acquired Company,
tort, infringement, violation of law or any environmental liability or
contamination, including, without limitation, Liabilities arising out of
or relating in any way to any Government Bid, Government Contract or
Government Disclosure.
PROVIDED, HOWEVER, that notwithstanding the foregoing, the Assumed Liabilities
shall not include:
(A) Any Liability of the Acquired Company or Seller for income
and other Taxes, including, but not limited to, any Taxes arising in
connection with the consummation of the transactions contemplated
hereby; provided, however, that any Taxes (other than federal,
state, local or foreign income Taxes and other
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than Taxes arising in connection with the consummation of the
transactions contemplated hereby) accrued on the Closing Statement
of Net Assets shall be Assumed Liabilities;
(B) Except as otherwise provided for in this Agreement
(including, without limitation, as provided for in Section VI.1
hereof), any Liability of the Company related to the employment or
compensation of employees and former employees (including with
respect to any Company Plan or any post-retirement benefits plan, if
any));
(C) Except as otherwise provided for in this Agreement, any
Liability of the Company for costs and expenses incurred in
connection with this Agreement and the transactions contemplated
hereby; or
(D) Any Liability of Seller which was not related to the
Company, the Subsidiary or the Business or arising under this
Agreement.
"Business" means the business conducted or proposed or planned to be
conducted by the Acquired Company on and as of the Closing Date.
"Buyer" has the meaning set forth in the preface above.
"Closing" has the meaning set forth in Section II.6 below.
"Closing Date" has the meaning set forth in Section II.6 below.
"Company" means Ilex Systems, Inc.
"Code" means the Internal Revenue Code of 1986, as amended.
"Employee" has the meaning set forth in Section VI.1 below.
"GAAP" means United States generally accepted accounting principles
as in effect as of the date hereof.
"Government Bid" means any offer to sell made by the Acquired
Company prior to the Closing Date which, if accepted, would result or may result
in a "Government Contract".
"Government Contract" means any prime contract, subcontract, teaming
agreement or arrangement, joint venture, basic ordering agreement, pricing
agreement, letter contract, purchase order, delivery order, change order,
Government Bid or other arrangement of any kind between the Acquired Company and
(i) the U.S. Government, (ii) any prime contractor of the U.S. Government in its
capacity as a prime contractor or (iii) any subcontractor with respect to any
contract of a type described in clauses (i) or (ii) above.
"Government Disclosure" means any certification, representation,
warranty or statement by the Acquired Company to the U.S. Government in that
capacity, or any agent or
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instrumentality thereof, which in any way relates to the operation of the
Business or any business of the Acquired Company carried on prior to the Closing
Date.
"Knowledge of Seller" (or any similar expression) shall mean the
actual knowledge of (i) W. Jeffrey Kramer, Vice President of First Union
National Bank, trustee of Seller, Frederick Forster, Jeffrey Furman or Howard
Tieg or (ii) each of Joseph Lopez, John Medea, Joseph Leadley, Scott Feldman,
and all of the Vice Presidents and the members of the Board of Directors of the
Company and the Subsidiary (provided, however, that for purposes of Section
III.27, the individuals referred to in clause (ii) shall be limited to Joseph
Lopez, John Medea, Thomas Deet and Robert Marchand), after, only in the case of
those individuals referred to in clause (ii) of this definition, a reasonable
investigation or inquiry of the subject matter thereof by or on behalf of such
individuals.
"Hart-Scott-Rodino Act" means the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended.
"Ilex Agreement" means the agreement, dated as of February 9, 1998
by and among Seller, the Company and shareholders of the Company.
"Liability" or "Liabilities" means any direct or indirect
indebtedness, liability, claim, loss, damage, deficiency, obligation or
responsibility, fixed or unfixed, choate or inchoate, liquidated or
unliquidated, secured or unsecured, accrued, absolute, contingent or otherwise.
"Losses" means all losses, liabilities, obligations, amounts paid in
settlement, costs and expenses, including court costs, and reasonable attorneys'
fees and expenses, incurred in connection with any action, suit, proceeding,
hearing, investigation, charge, complaint, claim, demand, injunction, judgment,
order, decree, ruling.
"Person" means an individual, a partnership, a corporation, an
association, a joint stock company, a trust, a joint venture, an unincorporated
organization, a limited liability company, or a governmental entity (or any
department, agency, or political subdivision thereof).
"Purchase Price" shall mean the sum of (i) any amounts paid by Buyer
under Sections II.2 and II.4 and (ii) the amount of the adjustment, if any, to
the Cash Purchase Price (as hereinafter defined) pursuant to Section II.3.
"Securities Exchange Act" means the Securities Exchange Act of 1934,
as amended.
"Seller's Schedule" has the meaning set forth in Article III below.
"Subsidiary" means Hygienetics Environmental Services, Inc., a
California corporation, all of the issued and outstanding shares of capital
stock of which are owned by the Company.
"Subsidiary Merger" means the merger of the Subsidiary with and into
the Company.
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"Tax" and "Taxes" means all taxes, charges, fees, levies or other
assessments imposed by any federal, state, local or foreign taxing authority,
whether disputed or not, including without limitation, income, profits, gross
receipts, capital, estimated, excise, occupational, custom, duty, ad valorem,
value-added, stamp, property, sales, transfer, withholding, real estate, use,
employment, payroll, alternative or add-on minimum, environmental (including
Taxes under Section 59A of Code) and franchise taxes and such terms shall
include any interest, penalties or additions attributable to or imposed on or
with respect to such assessments and any expenses incurred in connection with
the settlement of any tax liability.
"Tax Return" means any return, declaration, report, claim for
refund, or information return or statement relating to Taxes, including any
schedule or attachment thereto, and including any amendment thereof.
ARTICLE II
PURCHASE AND SALE
II.1 Purchase and Sale.
(a) General. On and subject to the terms and conditions of this Agreement,
the Buyer agrees to purchase from Seller and Seller agrees to sell, transfer,
convey, assign and deliver to the Buyer, all of the Acquired Assets at the
Closing for the consideration specified below in Section II.2.
(b) Assumption of Liabilities. On and subject to the terms and conditions
of this Agreement, the Buyer agrees to assume and become responsible for the
Assumed Liabilities at the Closing.
II.2 Cash Purchase Price.
(a) Subject to adjustment as set forth in Section II.3, at the Closing (as
defined in Section II.6), as consideration for the purchase of the Acquired
Assets, Buyer agrees to pay in aggregate:
(i) Fifty-One Million Nine Hundred Twenty-Three Thousand Dollars
($51,923,000), plus or minus, respectively;
(ii) the amount equal to one hundred seven and one-half percent
(107.5%) of the amount by which the Estimated Closing Date Net Assets (as
defined in Section II.3) as determined in accordance with Section II.3 below
exceeds or fails to equal Ten Million Two Hundred Thousand Dollars
($10,200,000). The above consideration, in the aggregate, is hereinafter
referred to from time to time as the "Cash Purchase Price."
(b) The Cash Purchase Price shall be paid on the Closing Date by wire
transfer in immediately available funds to the account designated by the Seller
in a written notice delivered
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to Buyer at least 5 Business Days (as defined in Section II.3) prior to the
Closing Date (as defined in Section II.6);
(c) (i) If the Company shall be awarded the Software Engineering and
Technical Support ("SWEATS") contract at Fort Huachuca upon the terms of the bid
proposal submitted by the Company in effect as of November 25, 1997, or awarded
the SWEATS contract based on such bid as amended after the date of this
Agreement with the prior written consent of Buyer, in addition to the Cash
Purchase Price, Buyer shall pay to the Seller as additional consideration for
the Acquired Assets in aggregate an amount (the "SWEATS Payment") equal to (i)
$3,762,500, if the SWEATS contract is awarded to the Company as a "prime"
contractor, or (ii) $1,612,500, if the SWEATS contract is awarded to the Company
as a subcontractor. The SWEATS Payment shall be paid by Buyer within 30 days
following the later of (x) the Business Day following the expiration of the
period to protest the SWEATS contract award and (y) the date of final resolution
of any bid protest raised in respect of the award of the SWEATS contract. No
payment shall be due from Buyer if any such bid protest is upheld.
(d) The parties to this Agreement agree to allocate the Purchase Price in
accordance with the rules under Section 1060 of the Internal Revenue Code of
1986, as amended (the "Code") and the Treasury Regulations promulgated
thereunder. The parties recognize that the Purchase Price does not include
Buyer's acquisition expenses and that Buyer will allocate such expenses
appropriately. The Seller and Buyer agree to act in accordance with such
allocations (including any modifications thereto reflecting any post-closing
adjustment of the Purchase Price pursuant to Sections II.3 and II.4, as
applicable) in any relevant Tax returns or filings, including any forms or
reports required to be filed pursuant to Section 1060 of the Code, the Treasury
Regulations promulgated thereunder or any provisions of local, state and
Commonwealth law ("1060 Forms"), and to cooperate in the preparation of any 1060
Forms and to file such 1060 Forms in the manner required by applicable law.
II.3 Adjustment of Cash Purchase Price.
(a) Preparation of Estimated Closing Statement of Net Assets. At least
five Business Days prior to the Closing Date, the Seller shall cause to be
delivered to Buyer a statement of estimated Acquired Assets and Assumed
Liabilities (the "Estimated Closing Statement of Net Assets") as of the date
three Business Days prior to the Closing Date. The Estimated Closing Statement
of Net Assets shall be prepared in the same manner and in accordance with the
procedures that the Closing Statement of Net Assets is to be prepared pursuant
to Section II.3(c), except that it shall be unaudited. The term "Estimated
Closing Date Net Assets" shall mean the book value of the Acquired Assets set
forth on the Estimated Closing Statement of Net Assets in excess of the amount
of the Assumed Liabilities set forth on the Estimated Closing Statement of Net
Assets, determined in accordance with the procedures set forth in Section
II.3(c). For the purposes of this Agreement, "Business Day" means any day that
is not a Saturday, Sunday or day in which banks in New York, New York or San
Francisco, California are authorized or obligated by law or governmental action
to close.
(b) Calculation of Adjustment. The Cash Purchase Price shall be (i)
increased by one hundred seven and one-half percent (107.5%) of the amount that
the Closing Date Net Assets (as hereinafter defined) is greater than the
Estimated Closing Date Net Assets; or (ii) decreased by
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one hundred seven and one-half percent (107.5%) of the amount that the Closing
Date Net Assets is less than the Estimated Closing Date Net Assets. The term
"Closing Date Net Assets" as used herein shall mean the book value of the
Acquired Assets set forth on the Final Closing Statement of Net Assets (as
hereinafter defined) in excess of the amount of the Assumed Liabilities set
forth on the Final Closing Statement of Net Assets, determined in accordance
with the procedures set forth in Section II.3(c). The amount of any decrease or
increase to the Cash Purchase Price pursuant to this Section II.3(b) plus
interest from the Closing Date at the Prime Rate (as hereinafter defined) shall
be paid by the Seller or Buyer, as the case may be, by wire transfer in
immediately available funds within five (5) Business Days after the Final
Closing Statement of Net Assets agreed to on behalf of the Seller and Buyer or
is determined by the Neutral Auditor (as hereinafter defined). For purposes of
this Agreement, "Prime Rate" means the rate of interest announced from time to
time by Bank of America as its prime rate of interest.
(c) Preparation of Closing Statement of Net Assets. As soon as
practicable, and in any event within thirty (30) days after the Closing Date,
the Buyer shall cause to be prepared a statement of net assets for the Business
consisting of the Acquired Assets and the Assumed Liabilities, as of the close
of business on the date three (3) Business Days prior to the Closing Date
determined on a pro forma basis as if the parties to the Ilex Agreement had not
consummated the transactions contemplated thereby on such date (the "Closing
Statement of Net Assets"). The Closing Statement of Net Assets will be prepared
in accordance with United States generally accepted accounting principles
("GAAP") applied on a basis consistent with the September Balance Sheet through
full application of the policies and procedures used in preparing the September
Balance Sheet and with changes in contract estimates at completion ("EAC's") and
estimates to complete ("ETC's") determined on a basis consistent with the method
used for the determination of the September Balance Sheet, and will, at the
option of the Buyer, be audited by an independent public accounting firm
selected by Buyer (the "Auditor"). The Closing Statement of the Net Assets shall
be accompanied by an Auditor's report based upon the audit of the Audited
Closing Statement of Net Assets stating that such statement presents fairly, in
all material respects, the Acquired Assets and Assumed Liabilities presented on
such statement as provided for in this Agreement at the third Business Day prior
to the Closing Date in conformity with GAAP consistently applied with the
September Balance Sheet, except as modified by any modification which is
mutually agreed upon by the parties hereto. Buyer shall provide the Auditor
access to the Books and Records as may reasonably be required for the
preparation of the Closing Statement of Net Assets. Buyer shall be responsible
for the costs and expenses of the Auditor in preparing the Closing Statement of
Net Assets.
II.4 Post-Closing Payment.
(a) As additional consideration for the Acquired Assets ("Additional
Consideration"), Buyer shall make the payments or deliveries to the Seller
required pursuant to this Section II.4. With respect to each of fiscal years of
the Acquired Company ending December 31, 1998, 1999 and 2000, respectively.
Buyer shall pay to the Seller in aggregate for any such fiscal year an amount in
cash (subject to Section II.4(c)) equal to the product of (i) $3,000,000 for
1998, $3,300,000 for 1999 and $3,630,000 for 2000 and (ii) a percentage (the
"Percentage") calculated by dividing (x) EBIT (as defined below) for the
Acquired Company for each in each of fiscal 1998, 1999 and 2000 by (y)
$8,800,000 for 1998, $10,300,000 for 1999 and $12,300,000 for 2000, respectively
provided that the maximum Percentage for any fiscal year shall be 120%.
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No Additional Consideration will be due to the Seller under this Section II.4 in
respect of any fiscal year if the Percentage for that fiscal year shall be less
than 60%. "EBIT" means for any fiscal year operating income of the Acquired
Company before interest and income taxes; provided that for purposes of
calculating EBIT there shall be eliminated (i) the effect of any purchase
accounting adjustments (including any increase in depreciation or amortization
of tangible or intangible assets of the Business resulting from a write-up of
the Acquired Assets for accounting purposes) in connection with the acquisition
of the Company, (ii) all costs and expenses paid in connection with financing
and refinancing the purchase of the Company, (iii) all operating income, if any,
attributable to the SWEATS contract, (iv) all gains (or losses) from
extraordinary items and investments, (v) the cumulative effect of changes in
accounting principles and (vi) the effect (whether revenue or expense) as a
result of any allocation by Buyer of any Buyer-incurred general and
administration expenses or management fees (but only to the extent such
allocation of expenses or fees exceeds amounts which would be an expense of the
operation of the Acquired Company on a stand-alone basis consistent with the
Company's method of operation prior to February 10, 1998). In the event of the
disposition or discontinuation of any of the Acquired Company's current
businesses or operations or the addition of any business or operation to the
Acquired Company, the target EBIT amount referred to above shall be adjusted
appropriately (determined in good faith by the Buyer, in consultation with the
Seller) to reflect such disposition, discontinuation or addition, for purposes
of calculating the Percentage.
(b) For each of the 1998, 1999 and 2000 fiscal years, Buyer shall, no
later than 45 days following the availability of financial statements for such
period, prepare and deliver to Seller a report (the "EBIT Report") reflecting in
reasonable detail Buyer's calculation of EBIT for the applicable fiscal year
(including any adjustments to Buyer's financial statements made in connection
with such calculation), together with a copy of the financial statements from
which such calculation is derived. EBIT will be calculated in accordance with
GAAP applied on a basis consistent with the Financial Statements (as defined in
Section II.6) and with changes to EAC's and ETC's determined on a basis
consistent with the methods used in the Financial Statements.
(c) Any payment of Additional Consideration with respect to any fiscal
year shall be payable to the Seller within 30 days after the date on which the
calculation of EBIT for such fiscal year shall have been finally determined
pursuant to this Section II.4 and Section II.5; provided that no such payment of
Additional Consideration (except portions thereof as to which Early Cash Payment
Elections (as defined in Section II.4(e)) have been received by Buyer in
accordance with Section II.4(e)) with respect to any fiscal year shall be
payable by Buyer pursuant to this Section II.4 prior to the earlier of (i) the
date 60 days following the completion of the initial sale to the public pursuant
to an effective registration statement (other than a registration statement on
Form S-4 or Form S-8 or any similar or successor form) (the "Initial Public
Offering") filed under the Securities Act of 1933, as amended (the "Securities
Act"), of shares of the Class A Common Stock, par value $.0l per share of L-3
Communications Holdings Inc. ("Holdings") (or such other class of common stock
of Holdings issued to the holders of such Class A Common Stock in connection
with a reclassification thereof) ("Class A Common Stock") and (ii) September 30,
2001. Seller shall not be permitted to elect to receive shares in lieu of
Additional Consideration for any fiscal year in an amount less than $250,000
unless the Seller is electing to receive shares for all of such Additional
Consideration for such fiscal year. Each cash payment pursuant to this Section
II.4 shall be made by wire transfer of immediately
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available funds to the account designated by the Seller in a written notice to
Buyer given at least 5 Business Days prior to the date of payment.
(d) Prior to the date of any payment of Additional Consideration pursuant
to Section II.4(b) (other than payments pursuant to Early Cash Payment
Elections), Buyer shall offer the Seller the opportunity to elect to receive, in
lieu of such payment, any Additional Consideration in the form of shares of
Freely Tradable (as defined below) Class A Common Stock. Such offer of such
shares shall be made in a transaction meeting the requirements of the Securities
Act (and any applicable state securities laws). The number of shares of Class A
Common Stock to be delivered if the Seller elects to receive such shares
pursuant to such offer shall be determined by dividing (i) the amount of such
payment of Additional Consideration by (ii) $20 to the extent such Additional
Consideration relates to fiscal 1998, $22 to the extent such Additional
Consideration relates to fiscal 1999 and $24.20 to the extent such Additional
Consideration relates to fiscal 2000. In the event of any change in the
outstanding Class A Common Stock by reason of stock split, stock combination,
reclassification or similar event, the number of shares to be delivered pursuant
to the preceding sentence shall be adjusted appropriately (e.g., if the
outstanding shares of Class A Common Stock are split on a two-for-one basis, the
$20, $22 and $24.20 amounts referred to in clause (ii) would be adjusted to be
$10, $11 and $12.10, respectively). In the event that the Initial Public
Offering is not completed by August 1, 2001, no offer to elect to receive shares
of Class A Common Stock shall be made pursuant to this Section II.4(d). If the
Seller elects to receive shares pursuant to this Section II.4(d) such shares
will be delivered by registered mail to the address designated by the Seller in
a written notice to Buyer given at least five (5) Business Days prior to the
date of delivery. No fractional shares of Class A Common Stock will be issuable
pursuant to this Section II.4. In lieu thereof, any person who would otherwise
be entitled to a fractional share pursuant to the provisions hereof shall
receive an amount in cash equal to the amount of Additional Consideration which
would have been payable in cash with respect to such fraction. For purposes of
this Section II.4, "Freely Tradable" shall mean Class A Common Stock which (a)
may be sold (without legal restriction) to any member of the public, including a
sale by or through a securities exchange and/or broker-dealer, without the
necessity of (I) obtaining an opinion of counsel, obtaining permission or
authorization of the United States Securities & Exchange Commission or any state
securities administrator, (II) providing any advance notice to any such body or
(III) taking other action to remove any legend or legend condition applicable to
such shares of Class A Common Stock that would delay the sale thereof and (b) is
not subject to any material delay in attempting the sale thereof on a public
securities exchange due to any attribute of the Class A Common Stock.
(e) At any time and from time to time, the Seller shall have the right, by
written notice (an "Early Cash Payment Election") to Buyer, to elect to require
Buyer to pay to the Seller the cash amount of any Additional Consideration
payable to the Seller pursuant to Section II.4(c), with the date of payment
being determined pursuant to the first sentence of such Section without regard
to the proviso thereto.
(f) Upon a Change of Control (as hereinafter defined) that occurs prior to
the earlier to occur of the dates referred to in clauses (i) and (ii) of the
proviso to the first sentence of Section II.4(c), the Seller shall receive in
connection with such Change of Control all Additional Consideration payable to
the Seller pursuant to Section II.4(c) but not then paid by reason of the
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proviso contained in the first sentence of such Section prior to the date of
such Change of Control the amount and kind of consideration the Seller would
have received in respect of the shares of Class A Common Stock which the Seller
would have been entitled to elect to receive pursuant to subsection (d) of this
Section II.4 if there had been an Initial Public Offering immediately prior to
the date of the Change of Control. Such amount shall be payable at such time as
the holders of Class A Common Stock receive consideration in connection with
such Change of Control. In the event of a Change of Control, notwithstanding
anything to the contrary contained herein, any Additional Consideration which
becomes payable pursuant to Section II.4(c) following the date of such Change of
Control shall be payable in cash.
For purposes of this Section II.4(f), "Change of Control" shall mean (i)
an acquisition by any person (other than stockholders of Holdings as of the
Closing Date or any of their affiliates) of more than 50% of the combined voting
power of the outstanding voting securities entitled to vote generally of
Holdings or (ii) the sale of substantially all of the direct or indirect assets
of Holdings to any person (other than stockholders of Holdings as of the Closing
Date or any of their affiliates).
(g) The rights of the Seller under this Section II.4 shall be assignable
(in whole or in part) by Seller, subject to the following requirements: (i) any
such assignment shall be made prior to the date six months following the Closing
Date; (ii) if such assignment is to more than one person or entity, (1) any
payment or delivery pursuant to this Section II.4 shall be pro rata, based on
the relative percentage of Additional Consideration to which such person or
entity is entitled hereunder, (2) the $250,000 limitation contained in Section
II.4(c) shall apply to each such person or entity and (3) adequate provision
shall be made in connection with such assignment so that one assignee in
connection with any disputes concerning the calculation and determination of any
amounts payable pursuant to this Section II shall be authorized to resolve any
and all disputes with the Buyer on behalf of all assignees; and (iii)
notwithstanding any such assignment, the right of offset against Seller referred
to in the last sentence of Section VI.2(a) shall continue to apply
notwithstanding such assignment (i.e., a claim against the Seller under Section
VI.2 may be satisfied by exercising such right of offset against amounts due to
an assignee of Seller).
II.5 Dispute Resolution.
(a) Review of Closing Statement of Net Assets and EBIT Report. After
receipt of the Closing Statement of Net Assets or the EBIT Report, Buyer or the
Seller, as the case may be, shall have thirty (30) days to review it. Buyer or
the Seller, as applicable, and their respective authorized representatives shall
have full access to all Books and Records and employees of the Company and, with
respect to the Closing Statement of Net Assets, the Auditor to the extent
required to complete their review of the Closing Statement of Net Assets or the
EBIT Report, as applicable, including Auditor work papers used in preparation or
the Closing Statement of Net Assets. Unless the Buyer delivers written notice to
the Seller, or the Seller delivers written notice to Buyer, on or prior to, the
30th day after receipt of the Closing Statement of Net Assets or the EBIT Report
specifying in reasonable detail all disputed items and the basis therefor, the
parties shall be deemed to have accepted and agreed to the Closing Statement of
Net Assets or the EBIT Report. The parties shall, within thirty (30) days
following the date of such notice (the "Resolution Period"), attempt to resolve
their differences and any resolution by them as to any
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disputed amount shall be final, binding, conclusive and nonappealable for all
purposes under this Agreement.
(b) Resolution. If at the conclusion of the Resolution Period the parties
have not reached an agreement on the objections, then all amounts remaining in
dispute may, at the election of either party, be submitted to Price Waterhouse
or another large international accounting firm not otherwise engaged by either
party (the "Neutral Auditor"). Each party agrees to execute if requested by the
Neutral Auditor, a reasonable engagement letter. All fees and expenses relating
to the work, if any, to be performed by the Neutral Auditor shall be borne
equally by the Seller and Buyer, unless the Neutral Auditor finds one party
acted in bad faith in which case that party pays all such fees and expenses.
Except as provided in the preceding sentence, all other costs and expenses
incurred by the parties in connection with resolving any dispute hereunder
before the Neutral Auditor shall be borne by the party incurring such cost and
expense. The Neutral Auditor shall act as an arbitrator to determine, based
solely on the presentations by the Seller and Buyer, and not by independent
review, only those issues still in dispute. The Neutral Auditor's determination
shall be made within thirty (30) days of its engagement (which engagement shall
be made no later than five (5) business days after an election by either party
to submit the objections to the Neutral Auditor) or as soon thereafter as
possible, shall be set forth in a written statement delivered to the Seller and
Buyer and shall be final, binding, conclusive and nonappealable for all purposes
hereunder. The term "Final Closing Statement of Net Assets" shall mean the
definitive Closing Statement of Net Assets agreed to in accordance with Section
II.5(a) or the definitive Closing Statement of Net Assets resulting from the
determination made by the Neutral Auditor in accordance with this Section
II.5(b).
II.6 Closing.
(a) Subject to satisfaction or waiver of the conditions to closing set
forth in Articles VII, VIII and IX, the closing of the transactions contemplated
by this Agreement (the "Closing") shall take place at the local close of
business, or such other time as the parties may mutually agree (the "Effective
Time") on February 26, 1998, at the offices of Pillsbury Madison & Sutro LLP,
235 Montgomery Street, San Francisco, California, or at such other date and
place as the parties may mutually agree (the "Closing Date").
(b) At the Closing (i) Seller will execute, acknowledge (if appropriate),
and deliver to the Buyer (A) an assignment of lease(s), in reasonable customary
form, (B) such other instruments of sale, transfer, conveyance, and assignment
as the Buyer and its counsel may reasonably request; and (C) an Assignment of
Non-Competition Agreements in the form attached hereto as Exhibit VIII.5 (the
"Assignment of Non-Competition Agreements"); (ii) the Buyer will execute,
acknowledge (if appropriate), and deliver to Seller such instruments of
assumption as Seller and its counsel reasonably may request; (iii) the Buyer
will deliver to Seller the consideration specified in sections II.2 and II.3
herein; and (iv) the Buyer and Seller will execute and deliver an Assignment of
Escrow Agreement, in the form attached hereto as Exhibit VIII.2 (the "Assignment
of Escrow").
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ARTICLE III
REPRESENTATIONS AND WARRANTIES OF SELLER
Seller represents and warrants to the Buyer as follows (except as
specified to the contrary in the disclosure schedule prepared by Seller and
attached hereto as Exhibit A (the "Seller's Schedule"). The Seller's Schedule is
arranged in paragraphs corresponding to the lettered and numbered paragraphs
contained in this Article III):
III.1 Due Organization of Seller; Authorization; Title to Acquired Assets.
Seller is a trust duly organized and is validly existing and in good standing
under the laws of the State of Connecticut. Seller has all requisite trust power
and authority to execute, deliver and perform its obligations under this
Agreement, the Assignment of Non-Competition Agreements and the Assignment of
Escrow Agreement (collectively, the "Transaction Documents"), and consummate all
the transactions in the manner contemplated by the Transaction Documents. This
Agreement has been and, when delivered, the remainder of the Transaction
Documents will have been, duly executed and delivered by Seller and duly
authorized and approved by all necessary action on the part of Seller. This
Agreement constitutes and, when delivered, the remainder of the Transaction
Documents will constitute, the valid and binding obligations of Seller,
enforceable against Seller in accordance with its or their terms, subject to
bankruptcy and similar laws and equitable principles regarding the enforcement
of contracts. As of the Closing Date, following Seller's acquisition of the
Company pursuant to the Stock Purchase Agreement, the Company will be dissolved
in accordance with applicable law and all of its assets and Liabilities will be
distributed to Seller. Seller does not have and will not as of Closing Date have
any Liabilities other than the Assumed Liabilities except as set forth in
Section III.1 of the Seller's Schedule. At the Closing, the Seller will hold the
entire legal, equitable and beneficial title (in the case of assets owned by the
Acquired Company) and interest in the assets of the Company and the Subsidiary
and will transfer to Buyer good title to the Acquired Assets, free and clear of
all liens, claims, encumbrances and restrictions of any kind or nature
whatsoever ("Liens").
III.2 Requisite Consents; Nonviolation. The execution, delivery and
performance of this Agreement by Seller and, when delivered, the execution,
delivery and performance of the remainder of the Transaction Documents by Seller
do not on the date hereof and will not on the Closing Date (a) require the
consent, approval or authorization of any governmental person or entity or other
third party (except such approvals or filings as may be required to comply with
applicable state securities and antitrust laws), (b) violate or conflict with
the trust agreement under which Seller is organized, (c) constitute a default
under, violate or conflict with, result in the acceleration of or give rise to
any party the right to terminate, modify or cancel, or result in the loss of any
rights, privileges, options or alternatives under or result in the creation of
any Liens on any assets of the Company or the Subsidiary under or require the
consent of any other party to any material contract, note, lease, mortgage or
other agreement or instrument to which the Seller or the Company or the
Subsidiary is a party or by which the Seller or the Company or the Subsidiary is
bound or to which any Seller, the Company or the Subsidiary or any of their
respective properties is subject (except any Liens held by Seller's lender which
Liens shall be released at or prior to Closing) or (d) violate or conflict with
the charter documents of the Company or the Subsidiary or any material statute,
ordinance, rule, regulation, order, judgment or degree of any court or
governmental or regulatory agency or authority applicable to the Seller
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or the Company or the Subsidiary or by which any of their respective properties
or assets may be bound.
III.3 Due Organization of the Company and the Subsidiary.
The Company and the Subsidiary (i) have been duly organized and are
validly existing and in good standing as corporations under the laws of the
State of California, (ii) except as set forth in Section III.3 of the Seller's
Schedule, are duly qualified to do business in and are in good standing under
the laws of every jurisdiction where each of them is required to be so
qualified, except where the failure to be so qualified would not materially
adversely affect their properties, assets, results of operations or financial
condition and (iii) have all requisite corporate power and authority to own or
lease and to operate their properties and carry on the Business.
III.4 Acquired Assets. The Acquired Assets constitute all of the property
and assets necessary to conduct the business of the Company and the Subsidiary
as currently conducted and as conducted immediately prior to the Subsidiary
Merger.
III.5 Subsidiaries, etc. The Company does not, directly or indirectly, own
or control any equity interest in any corporation, partnership, joint venture or
other legal entity other than, prior to the Subsidiary Merger, its ownership of
all of the outstanding capital stock of the Subsidiary.
III.6 Financial Data. Buyer has been provided with (a) the unaudited
consolidated balance sheet of the Company at September 30, 1997 (the "September
Balance Sheet"), together with the related unaudited consolidated statements of
income and shareholders equity for the nine-month period ended September 30,
1997, and (b) the audited consolidated balance sheets of the Company at December
31, 1996 and 1995, together with the related unaudited consolidated statements
of income and shareholder equity and the notes thereto (the "Financial
Statements"). The Financial Statement are in accordance with the Company's books
and records, have been prepared in accordance with GAAP, consistently applied,
and fairly present the financial position of the Company and the Subsidiary as
of their respective dates and the results of the Company's and the Subsidiary's
operations for the periods then ended.
III.7 No Material Changes. Since September 30, 1997, there has not been
(a) any material adverse change (or any event specifically relating to the
Company that would reasonably be expected to result in such a change) in the
business, financial condition or results of operations of the Acquired Company,
or any change that could materially delay or impair the ability of Seller to
effect the Closing on materially and adversely affect the operation of the
business of the Acquired Company after the Closing Date as the Company had been
operated immediately prior to Seller's acquisition thereof pursuant to the Stock
Purchase Agreement, (b) any damage, destruction or loss (whether or not covered
by insurance) individually or in the aggregate in excess of $100,000; (c) any
labor dispute or any labor union organizing activity, or any actual or
threatened strike, work stoppage, slowdown or lockout, or any material change in
its relationship with employees, customers, distributors or suppliers; (d) any
sale, lease, transfer or other disposition of any asset of the Company or the
Subsidiary having a fair material value in excess of $l00,000 or for proceeds in
excess of $100,000; or (e) army discharge or satisfaction of any obligation or
liability of the Company or the Subsidiary other than in the ordinary course of
business in accordance with the terms of such obligation or liability.
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Since September 30, 1997, except in connection with the transactions
contemplated hereby, neither the Company nor the Subsidiary has engaged in any
of the following transactions, (i) issued or committed to issue any shares of
common stock (except upon exercise of duly issued stock options which were
outstanding as of such date) or other ownership interest of the Company or the
Subsidiary, or any obligations, understanding or commitment regarding the
issuance of capital stock or any option, right, warrant or other security
exercisable or exchangeable for or convertible into capital stock of the Company
or the Subsidiary, (ii) redeemed, purchased or otherwise acquired or committed
to acquire any shares or other ownership interest of the Company or the
Subsidiary, (iii) effected a split or reclassification of any shares of the
Company or the Subsidiary or a recapitalization of the Company or the
Subsidiary, (iv) made any change in the compensation of, or increased benefits
available to, any officer, other employee, sales agent or representative of the
Company or the Subsidiary under any bonus or pension plan or other contract or
commitment, or paid or agreed or promised to pay, whether conditionally or
otherwise, any bonus, incentive, retention or composition, or increased or
agreed or promised to increase any retirement, welfare, fringe or severance
benefits or vacation pay, to or in respect of any officer, other employee, sales
agent or representative of the Company or the Subsidiary, other than, with
respect to any employee other than officers, in the ordinary course of business
and consistent with past practice, (v) incurred, assumed or guaranteed any
obligation or liability, whether absolute, accrued, contingent or otherwise, or
any indebtedness for borrowed money, except current liabilities for trade or
business obligations incurred in connection with the purchase of goods or
services in the ordinary course of the business consistent with past practice,
(vi) mortgaged, pledged or subjected to any lien any property or assets,
tangible or intangible of the Company or the Subsidiary, (vii) transferred or
granted any rights under, or entered into any settlement regarding the breach or
infringement of, any Intellectual Property, or modified any existing rights with
respect thereto, (viii) received any notice of termination or of default or
breach of any material contract, lease or other agreement, (ix) made any capital
expenditures, or commitments to make any capital expenditure in excess of
$250,000 in the aggregate (x) entered into any transaction, contract or
commitment with any affiliate of the Company or (xi) entered into any
transaction, contract or commitment other than in the ordinary course of
business.
III.8 Undisclosed Liabilities. The Acquired Company has no debts, claims,
liabilities or obligations (whether absolute, contingent or otherwise) which are
material to the Acquired Company, except for (a) those reflected, reserved
against or otherwise disclosed in the September Balance Sheet or the notes
thereto and not heretofore paid or discharged or (b) those incurred in, or as a
result of, the ordinary course of business of the Company and the Subsidiary
since the date of the September Balance Sheet to the extent reflected in the
Closing Statement of Net Assets.
III.9 Governmental Authorizations; Compliance with Law.
(a) The Acquired Company has all material governmental licenses, permits,
approvals and other governmental authorizations necessary to permit the
operation of the business of the Company as presently conducted and is in
compliance in all material respects with such governmental licenses, permits,
approvals and other governmental authorizations. Section III.9 of the Seller's
Schedule sets forth a complete and accurate list of all such governmental
licenses, permits, approvals and other governmental authorizations.
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(b) The Acquired Company is in compliance in all material respects with
all laws, statutes, ordinances, rules, regulations, orders, judgements or
degrees applicable to it and its business and none of Seller, the Company or the
Subsidiary has received any notice that any violation or potential violation or
any action, suit, proceeding, hearing, investigation, charge, complaint, claim,
demand or notice has been filed or commenced against the Company or the
Subsidiary alleging failure to comply.
III.10 Litigation. There is no pending or, to the Knowledge of the Seller,
threatened action, suit, arbitration proceeding or investigation in any court or
before any governmental commission or agency against the Company or the
Subsidiary seeking unspecified damages, damages in excess of $50,000, or
injunctive or other equitable relief. There is no order, judgment or decree of
any court or governmental authority or agency which specifically applies to the
Company or the Subsidiary except as listed in Section III.10 of the Seller's
Schedule.
III.11 Employee Benefit Plans.
(a) Section III.11 of the Seller's Schedule contains a true and complete
list of each "employee benefit plan" (within the meaning of section 3(3) of the
Employee Retirement Income Security Act of 1974, as amended ("ERISA"),
including, without limitation, multi-employer plans within the meaning of ERISA
section 3(37)), stock purchase, stock option, severance, employment, change-in-
control, fringe benefit, collective bargaining, bonus, incentive, deferred
compensation and all other employee benefit plans, agreements, programs,
policies or other arrangements, whether or not subject to ERISA (including any
funding mechanism therefor now in effect or required in the future as a result
of the transaction contemplated by this Agreement or otherwise), whether formal
or informal, oral or written, legally binding or not, under which any employee
or former employee of the Company or its Subsidiary has any present or future
right to benefits or under which the Company or its Subsidiary has any present
or future liability. All such plans, agreements, programs, policies and
arrangements shall be collectively referred to as the "Company Plans".
(b) With respect to each Company Plan, the Seller has delivered to the
Buyer a current, accurate and complete copy (or, to the extent no such copy
exists, an accurate summary thereof) and, to the extent applicable; (i) any
related trust agreement or other funding instrument; (ii) the most recent
determination letter, if applicable; (iii) any summary plan description and
other written communications (or a description of any oral communications) by
the Company or its Subsidiary to their employees concerning the extent of the
benefits provided under a Company Plan; and (iv) for the three most recent years
(A) the Form 5500 and attached schedules, (B) audited financial statements, (C)
actuarial valuation reports and (D) attorney's response to an auditor's request
for information.
(c) (i) Each Company Plan has been established and administered in
accordance with its terms, and in compliance with the applicable provisions of
ERISA, the Code and other applicable laws, rules and regulations; (ii) each
Company Plan which is intended to be qualified within the meaning of Code
section 401(a) is so qualified and has received a favorable determination letter
as to its qualification, and nothing has occurred, whether by action or failure
to act, that could reasonably be expected to cause the loss of such
qualification; (iii) no event has occurred and no condition exists that would
subject the Company or its Subsidiary, either directly
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or by reason of their affiliation with any member of their "Controlled Group"
(defined as any organization which is a member of a controlled group of
organizations within the meaning of Code sections 414(b), (c), (m) or (o)), to
any tax, fine, lien, penalty or other liability imposed by ERISA, the Code or
other applicable laws, rules and regulations; (iv) for each Company Plan with
respect to which a Form 5500 has been filed, no material change has occurred
with respect to the matters covered by the most recent Form since the date
thereof; (v) no "reportable event" (as such term is defined in ERISA section
4043), "prohibited transaction" (as such term is defined in ERISA section 406
and Code section 4975) or "accumulated funding deficiency" (as such term is
defined in ERISA section 302 and Code section 412 (whether or not waived)) has
occurred with respect to any Company Plan; and (vi) no Company Plan provides
retiree welfare benefits and neither the Company nor its Subsidiary have any
obligations to provide any retiree welfare benefits.
(d) None of the Company Plans is subject to Title IV of ERISA and none of
the Company Plans is a multi-employer Plan (within the meaning of Section
400l(a)(3) of ERISA).
(e) With respect to any Company Plan, (i) no actions, suits or claims
(other than routine claims for benefits in the ordinary course) are pending or
threatened, (ii) to the Knowledge of Seller, no facts or circumstances exist
that could give rise to any such actions, suits or claims, and (iii) no written
or oral communication has been received from the PBGC in respect of any Company
Plan subject to Title IV of ERISA concerning the funded status of any such plan
or any transfer of assets and liabilities from any such plan in connection with
the transactions contemplated herein.
(f) No Company Plan exists that could result in the payment to any present
or former employee of the Company or its Subsidiary of any money or other
property or accelerate or provide any other rights or benefits to any present or
former employee of the Company or its Subsidiary as a result of the transaction
contemplated by this Agreement, whether or not such payment would constitute a
parachute payment within the meaning of Code section 280G.
III.12 Intellectual Property. Each of the Company and the Subsidiary owns
or has the right to use all Intellectual Property necessary to conduct their
businesses substantially as such businesses are currently conducted. All of the
material Intellectual Property owned by the Company and the Subsidiary that has
been issued or registered by or filed with any Governmental Authority (as
defined in Section III.25(b)) and all material license agreements in which the
Company or the Subsidiary is the licensee of Intellectual Property or by which
the Company or the Subsidiary permits any person to use the Intellectual
Property owned by it are listed in Section III.12(a) of the Seller's Schedule.
As of the date hereof and at the Closing, all Intellectual Property licenses are
and will be in full force and effect in accordance with their terms, and are and
will be free and clear of any Liens. Except as set forth in Section III.12(b) of
the Seller's Schedule, (i) all of the Intellectual Property owned or used by the
Company or the Subsidiary is valid, subsisting and unexpired, has not been
abandoned, and is not the subject of any Lien; (ii) no judgment, decree,
injunction, rule or order has been rendered by any court, tribunal or other
government entity which would limit, cancel or question the validity of, or the
Company or the Subsidiary's rights in and to, any Intellectual Property; (iii)
the Company has taken adequate steps to protect, maintain and safeguard its
Intellectual Property and its rights therein including any Intellectual Property
for which improper or unauthorized disclosure would
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impair its value or validity, and has executed appropriate agreements (including
nondisclosure agreements and employee assignments) and made appropriate filings
and registrations in connection with the foregoing, (iv) there is no claim or
demand pertaining to, or any proceeding which is pending, or to the Knowledge of
the Seller, threatened that challenges the rights of the Company or the
Subsidiary to or the validity of any of its Intellectual Property or claims that
a default exists under license by the Company or the Subsidiary of Intellectual
Property and (v) to the Knowledge of Seller, none of the Company's or the
Subsidiary's Intellectual Property is being infringed or otherwise impaired by
third parties.
"Intellectual Property" means all intellectual property, including without
limitation all (i) inventions, discoveries, processes, formulae, designs,
methods, techniques, procedures, concepts, developments, technology, new and
useful improvements thereof and know-how relating thereto, whether or not
patented or eligible for patent protection; copyrights and copyrightable works,
including computer applications, programs, software, databases and related
items; trademarks, service marks, trade names, brand names, corporate names,
logos and trade dress, the goodwill of any business symbolized thereby, and all
common-law rights relating thereto; trade secrets and other confidential
information; (ii) registrations, applications, recordings, and licenses or other
similar agreements related to the foregoing; (iii) rights to sue at law or in
equity for any infringement or other impairment of the foregoing occurring prior
to the Closing Date, including the right to receive all damages and proceeds
therefrom; and (iv) rights to obtain reissues, re-examinations, continuations,
continuations-in-part, divisions, extensions, renewals or other legal
protections pertaining to the foregoing.
III.13 Real and Personal Property. (a) Section III.13 of the Seller's
Schedule contains a list of all real and personal property owned or leased by
the Company and the Subsidiary as of the date hereof having, in the case of
leased property, an annual lease obligation in excess of $10,000 or, in the case
of owned property, a fair market value in excess of $100,000. The Company has
good, valid and marketable title to such owned property. Each lease covering
leased real property is a legal, valid and binding agreement enforceable in
accordance with its terms and there is not under any of such leases any existing
default on the part of the Company or the Subsidiary or, to the Knowledge of
Seller, any other party thereto nor any facts that would, with the passage of
time or notice, or both, constitute such a default.
(b) All material property and assets owned or utilized by the Company and
the Subsidiary are in good standing condition and repair (except for ordinary
wear and tear), free from any material defects (except such minor defects as do
not materially interfere with the use thereof in the conduct of normal
operations), have been maintained consistent with standards generally followed
in the industry and are sufficient to carry on the business of the Company and
the Subsidiary as presently conducted. All buildings, plants and other
structures utilized by the Company and the Subsidiary are in good condition and
repair (except for ordinary wear and tear).
(c) The Company and the Subsidiary enjoy peaceful and quiet possession of
the real property owned or leased by the Company and the Subsidiary. Buyer has
been provided with a true and complete copy of each lease and all amendments
thereto pertaining to any leased real property. The rental set forth in each
lease is the actual rental being paid, and there are not separate agreements or
understandings with respect to the same. Except as listed in Section III.13(c)
of the Seller's Schedule, neither the execution of this Agreement nor the
consummation
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of the transactions contemplated hereby shall cause a default under any lease or
require prior written consent of any landlord under any lease.
III.14 Insurance. Section 111.14 of the Seller's Schedule lists all
material insurance policies in force with respect to the Company, the Subsidiary
and their respective employees and directors. Such policies are in full force
and effect and all premiums due thereon have been paid or accrued. No notice of
cancellations, terminations or reductions of coverage, and no notice of
intention to cancel, terminate or reduce coverage, has been received by the
Company or the Subsidiary.
III.15 Tax Matters.
(a) Tax Returns Filed and Taxes Paid. All Tax Returns required to be filed
by the Company have been duly filed on a timely basis and all Taxes shown to be
payable on the Tax Returns or on subsequent assessments with respect thereto
have been paid in full on a timely basis or are being disputed in good faith by
the Company. All Tax Returns filed by the Company are true and correct in all
material respects.
(b) Tax Reserves. The Company's liability for unpaid Taxes for all periods
ending before the date of this Agreement has been reserved or accrued for in the
Financial Statements (other than reserves or accruals for deferred income Taxes
established to reflect differences between book basis and Tax basis of assets
and liabilities), applicable to all periods ending on or before the Closing Date
in conformity with GAAP. The Company's liability for unpaid Taxes for all
periods ending on or before the Closing Date will be reserved for or accrued for
in the Closing Statement of Net Assets in conformity with GAAP (other than
reserves or accruals for deferred income Taxes established to reflect
differences between book basis and Tax basis of assets and liabilities).
(c) Tax Returns Furnished. For all periods ending on and after December
31, 1992, Buyer has been provided access to true and complete copies of (i)
relevant portions of income tax audit reports, statements of deficiencies,
closing or other agreements received by the Company or Seller or on behalf of
the Company or Seller relating to Taxes, and (ii) all pro-forma separate federal
and state income or franchise tax returns for the Company and Seller.
(d) Tax Deficiencies; Audits; Statutes of Limitations. No deficiencies
have been asserted with respect to Taxes of the Company. The Company is not a
party to any action or proceeding for assessment or collection of Taxes, nor has
such event been asserted or threatened against the Company or any of its assets.
No waiver or extension of any statute of limitations is in effect with respect
to Taxes or Tax Returns of the Company. Except as set forth in Section III.15 of
the Seller's Schedule, the Tax Returns of the Company have not in the past four
(4) years been audited by a government or taxing authority, nor is any such
audit in process, pending or threatened. There is no material agreement or other
document extending, or having the effect of extending, the period of assessment
or collection of any Taxes and no power of attorney with respect to any material
Taxes of the Company has been executed or filed with any Governmental Authority,
and, no power of attorney granted by or with respect to the Company relating to
any material Taxes claimed to be due from the Company is currently in force. The
Company has not executed or entered into a Closing agreement pursuant to section
7121 of the Code or any
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predecessor provisions thereof (or similar provision for purposes of state,
local or foreign income taxes).
(e) Tax Elections and Special Tax Status. The Company is not a party to
any safe harbor lease within the meaning of Section 168(f)(8) of the Code, as in
effect prior to amendment by the Tax Equity and Fiscal Responsibility Act of
1982. The Company is not a "consenting corporation" under Section 341(f) of the
Code. The Company has not entered into any compensatory agreements with respect
to the performance of services which payment thereunder would result in a
nondeductible expense to the Company pursuant to Section 280G of the Code or any
excise tax to the recipient of such payment pursuant to Section 4999 of the
Code.
(f) Tax Liens. There are no unpaid Taxes with respect to any period, or a
portion thereof, ending on or before the Closing Date which are or could become
a lien on the Acquired Assets, except for current Taxes not yet due and payable
or reserved for in the Financial Statements.
(g) Tax Sharing or Other Agreements. The Company is not a party to or
bound by (nor will it become a party to or bound by on or prior to the Closing
Date) any Tax indemnity, Tax sharing, Tax allocation or similar agreement
(whether or not written).
(h) Sales Taxes. The Company (i) has collected all material sales and use
Taxes required to be collected, and has remitted, or will remit, such Taxes as
required by all applicable statutes and regulations, and (ii) regarding all
exempt transactions for all periods open under the applicable statute of
limitations as of the Closing Date, has maintained all such records and
supporting documents, in all material respects in substantial compliance with
all applicable sales and use Tax statutes and regulations.
(i) FIRPTA. The Company is not, and for the applicable period specified in
section 897(c)(1)(A)(ii) of the Code, has not been, a United States real
property holding corporation under section 897 of the Code.
(j) Affiliated Group Liability. The Company (and any predecessor) (i) has
not been a member of an affiliated group filing a consolidated federal income
Tax Return and (ii) has no liability for the Taxes of any person under Treasury
Regulation section 1.1502-6(a) (or any analogous or similar provision of state,
local or foreign law or regulation), as a transferee or successor, by contract,
or otherwise.
III.16 Environmental Matters.
(a) For purposes of this Agreement, the following definitions shall apply:
(i) "Hazardous Materials" shall include any hazardous substance,
pollutant, contaminant, flammable explosives, radioactive materials and
hazardous, toxic or dangerous wastes and any other chemicals, materials or
substances which are identified, defined or regulated pursuant to any Hazardous
Materials Laws, or the release, discharge or exposure to which is prohibited,
limited or regulated by any federal, state or local government under Hazardous
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Materials Laws and any petroleum, waste oil and petroleum by-products, asbestos
in any form, urea formaldehyde.
(ii) "Hazardous Materials Laws" shall mean all applicable laws,
statutes, ordinances, rules, regulations, orders, judgements, or decrees
relating to the protection of the environment, to human health and safety, or to
any emission, discharge, generation, processing, storage, holding, abatement
exercise, release, threatened release, arrangement for the disposal or
transportation of Hazardous Materials, including, without limitation, the
Comprehensive Environmental Response, Compensation, and Liability Act, as
amended (42 U.S.C. Section 9601 et seq.); the Hazardous Materials Transportation
Act (49 U.S.C. Section 1801 et seq.); Resource Conservation and Recovery Act (42
U.S.C. Section 6901 et seq.); and any so called "Superfund" law.
(iii) "Environmental Report" shall mean any report, study,
assessment, audit, or other similar document that addresses any issue of actual
or potential noncompliance with, or actual or potential liability under or cost
arising out of, any Environmental Law that may in any way affect the Company or
the Subsidiary; provided, however, that "Environmental Report" shall not include
any such document prepared by Subsidiary in the ordinary course of business for
any of its clients.
(b) Each of the Company and the Subsidiary is and, to the Knowledge of
Seller, has been in compliance in all material respects with applicable
Hazardous Materials Laws and has all environmental permits required for the
handling, use, storage and disposition of Hazardous Materials under Hazardous
Materials Laws that are applicable to its operations as presently conducted.
(c) Neither the Company nor the Subsidiary has received any notice from
any Governmental Authority that the Company or the Subsidiary is in violation
of, or may be subject to liability under, any of the terms or conditions of
Hazardous Materials Laws or the Company's or the Subsidiary's material
environmental permits for the handling, use, storage or disposition of Hazardous
Materials under Hazardous Materials Laws.
(d) Buyer has been provided with true and complete copies of all
Environmental Reports in the possession or control of Seller, the Company, or
the Subsidiary.
III.17 Contracts. Section 111.17 of the Seller's Schedule contains a
complete list of the material agreements, contracts, commitments, proposals,
orders, licenses, leases and other instruments ("Contracts") of the Company and
the Subsidiary which (i) is made with any officer, director or stockholder of
the Company or the Subsidiary, or with any affiliate or relative of any such
officer, director or stockholder, (ii) is a contract of employment, consulting,
agency or other similar agreement or arrangement relating to or for the benefit
of employees, sales representatives, distributors, dealers, agents, independent
contractors or consultants, (iii) is made with any labor union, or other labor
organization, (iv) is a loan or other credit agreement, indenture, mortgage,
letter of credit, security agreement, pledge agreement, deed of trust, bond,
note, guarantee or other agreement or instrument relating to the borrowing of
money or extension of credit in excess of $25,000, (v) requires, individually,
annual payments of more than $50,000 or aggregate payments over the life of the
contract of more than $250,000, (vi) is for a remaining
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term of more than one year and is not cancelable as to all its provisions upon
90 days or less notice without payment of any material penalty, (vii) provides
in whole or in part for the use of, or limiting the use of, Intellectual
Property, (viii) is a joint venture, partnership and other similar contract
involving a sharing of profits or expenses (including but not limited to joint
research and development and joint marketing, contracts), (ix) is an asset
purchase agreement or other acquisition or investment agreement, (x) is a
contract or arrangement with respect to the representation of the Company or the
Subsidiary in foreign countries, (xi) restricts or limits in any manner the
operation of the business of the Company or the Subsidiary, or (xii) is material
to the business of the Company or the Subsidiary and was entered into outside of
the normal course of business.
Buyer has been provided with true and complete copies of each Contract so
listed. The Company, the Subsidiary and, to the Knowledge of Seller, each of the
other parties to the Contracts set forth in Section III.17 of the Seller's
Schedule have in all respects performed all material obligations required to be
performed by them under such Contracts and, no event has occurred which, after
notice or lapse of time or both would constitute a default or an event of
default that would give any other party to any such Contract the right to
terminate or otherwise fail to perform its obligations under the Contracts. Each
Contract is the legal, valid and binding obligation of the Company, the
Subsidiary and, to the Knowledge of the Seller, the other parties thereto
enforceable in accordance with its terms against the parties thereto. No consent
of any third party is required under any Contract as a result of or in
connection with the execution, delivery and performance of this Agreement or the
consummation of the transactions contemplated hereby.
III.18 Inventory. All inventory of the Company and the Subsidiary consists
of a quality and quantity consistent with good business practices net of any
reserves reflected in (i) the case of inventory on the date hereof, the
September Balance Sheet or (ii) the Closing Statement of Net Assets in the case
of inventory on the Closing Date and are salable in the ordinary course
consistent with past practice.
III.19 Accounts Receivable. The accounts receivable of the Company and the
Subsidiary reflected in the September Balance Sheet represent bona fide sales
actually made in the ordinary course of business, and have been properly accrued
in accordance with GAAP, net of any reserves reflected in the September Balance
Sheet. To the Knowledge of Seller there are no facts or circumstances (other
than general economic conditions) which would result in any material increase in
the uncollectibility of the accounts receivable as a class in excess of the
reserves therefor set forth in the September Balance Sheet.
III.20 Condition of Plant and Equipment. To the Knowledge of Seller there
are no material structural defects in the improvements to the real property
owned or leased by the Company or the Subsidiary. To the Knowledge of the
Seller, the equipment of the Company and the Subsidiary is in good operating
condition and repair, ordinary wear and tear excepted.
III.21 Customers and Suppliers. Section III.21 of the Seller's Schedule
lists the ten largest customers of the Company and the ten largest suppliers of
the Company for the most recent fiscal year. To the Knowledge of the Seller,
since January 1, 1997, there has been no
-22-
material adverse change in the business relationship of the Company with any
customer or supplier named on Section III.21 of the Seller's Schedule.
III.22 Bank Accounts. Section III.22 of the Seller's Schedule sets forth
the names and locations of all banks, trust companies, brokerage firms or other
financial institutions at which the Company maintains an account and the name of
each person authorized to draw thereon or make withdrawals therefrom.
III.23 Brokers, Finders, Etc. All negotiations relating to this Agreement,
and the transactions contemplated hereby, have been carried on without the
participation of any person or entity acting on behalf of the Seller in such a
manner as to give rise to any valid claim against Buyer or the Company for any
brokerage or finder's commission, fee or similar compensation, or for any bonus
payable to any officer, director, employee, agent or sales representative of or
consultant to Seller upon consummation of the transactions contemplated hereby.
III.24 Employees. All sums payable to Employees (as defined in Section
VI.1(a)) after the Closing Date with respect to pre-Closing pending items, which
sums shall include, without limitation, salary, wages, overtime, bonuses,
accrued and unused vacation time and any other payments due pursuant to any
agreements between the Acquired Company and such Employees or as required by
applicable law, shall be accrued as a liability on the Closing Statement of Net
Assets.
III.25 Government Contracts.
(a) With respect to each and every Government Contract or bid to obtain a
Government Contract to which the Company is a party and except as set forth in
Section III.25 of the Seller's Schedule: (i) the Company has fully complied with
all material terms and conditions of such Government Contract or bid for a
Government Contract as required as of the date hereof and as of the Closing
Date; (ii) the Company has fully complied with all material requirements of
statute, rule or regulation pertaining to such Government Contract or bid for a
Government Contract; (iii) all representations and certifications executed with
respect to such Government Contract were accurate in every material respect as
of their effective date and the Company has fully complied with all such
representations and certifications in every material respect; and (iv) no
termination or default, cure notice or show cause notice has been issued or, to
the Knowledge of the executive officers of Seller and the management of the
Business, will be issued.
(b) To the Knowledge of Seller, except as set forth in Section III.25(b)
of the Sellers Schedule, (i) none of the Company's or the Subsidiary's
respective employees, consultants or agents is (or during the last three years
has been) under administrative, civil or criminal investigation, indictment or
information by any foreign, domestic, federal, territorial, state or local
governmental authority, quasi-governmental authority, instrumentality, court,
government or self-regulatory organization, commission, tribunal or organization
or any regulatory, administrative or other agency, or any political or other
subdivision, department or branch of any of the foregoing ("Governmental
Authority"), (ii) there is not any pending audit or investigation of the
Company, its officers, employees or representatives nor within the last three
years has there been any audit or investigation of the Company, officers,
employees or representatives
-23-
resulting in a material adverse finding with respect to any alleged
irregularity, misstatement or omission arising under or relating to any
Government Contract or bid; and (iii) during the last three years, neither the
Company nor the Subsidiary has made a voluntary disclosure to the U.S.
Government or any non-U.S. government, with respect to any alleged irregularity,
misstatement or omission arising under or relating to a Government Contract or
bid. Except as set forth in Section III.25(b) Seller's Schedule, to the
Knowledge of Seller neither the Company nor the Subsidiary has had any
irregularities, misstatements or omissions arising under or relating to any
Government Contract or bid that has led or is expected to lead, either before or
after the Closing Date, to any of the consequences set forth in clause (i) or
(ii) of the immediately preceding sentence or any other material damage, penalty
assessment, recoupment of payment or disallowance of cost.
(c) Except as set forth in Section III.25(c) of the Seller's Schedule,
there are (i) no outstanding claims against the Company or the Subsidiary,
either by the U.S. Government or by any non-U.S. government or by any prime
contractor, subcontractor, vendor or other third party, arising under or
relating to any Government Contract or bid referred to in Section III.25(a) of
the Seller's Schedule and (ii) no disputes between the Company or the Subsidiary
and the U.S. Government or any non-U.S. Government under the Contract Disputes
Act or any other Federal statute or between the Company or the Subsidiary and
any prime contractor, subcontractor or vendor arising under or relating to any
such Government Contract or bid. Except as set forth in Section III.25(c) of the
Seller's Schedule, to the Knowledge of Seller, there are no facts that could
reasonably be expected to result in a claim or a dispute under clause (i) or
(ii) of the immediately preceding sentence.
(d) Except as set forth in Section III.25(d) of the Seller's Schedule,
neither the Company or the Subsidiary nor any of their respective employees,
consultants or agents is (or during the last three years has been) suspended or
debarred from doing business with the U.S. Government or any non-U.S. government
or is (or during such period was) the subject of a finding of non-responsibility
or ineligibility for U.S. Government or non-U.S. government contracting. Except
as set forth in Section III.25(d) of the Seller's Schedule, the Company and its
affiliates conducted their operations in compliance with all requirements of all
material laws pertaining to all Government Contracts and bids.
(e) Except as set forth in Section III.25(e) of the Seller's Schedule, no
statement, representation or warranty made by the Company in any Government
Contract, any exhibit thereto or in any certificate, statement, list, schedule
or other document submitted or furnished to the U.S. Government or any non-U.S.
government in connection with any Government Contract or bid (i) contained on
the date so furnished or submitted any untrue statement of a material fact, or
failed to state a material fact necessary to make the statements contained
therein, in light of the circumstances in which they were made, not misleading
or (ii) contains on the date hereof any untrue statement of a material fact, or
fails to state a material fact necessary to make the statements contained
therein, in light of the circumstances in which they are made, not misleading,
except in the case of both clauses (i) and (ii) any untrue statement or failure
to state a material fact that would not result in any material liability to the
Company or the Subsidiary as a result of such untrue statement or failure to
state a material fact.
-24-
III.26 Government Furnished Equipment. Section III.26 of the Seller's
Schedule incorporates the most recent schedule delivered to the U.S. Government
or any non-U.S. Government which identifies by description or inventory number
certain equipment and fixtures loaned, bailed or otherwise furnished to or held
by the Company or the Subsidiary by or on behalf of the United States or any
foreign country. To the Knowledge of Seller, such schedule was accurate and
complete on its date and, if dated as of the Closing Date, would contain only
those additions and omit only those deletions of equipment and fixtures that
have occurred in the ordinary course of business, except for such inaccuracies
that could not reasonably be expected to have a material adverse effect on the
operations of the Company and the Subsidiary.
III.27 Organizational Conflicts of Interest. Except as set forth in
Section III.27 of the Seller's Schedule, prior to the close of business on the
date three Business Days prior to the Closing Date, to the Knowledge of the
Seller each of the Company and the Subsidiary as part of its performance of the
"IEW Contract" has, in the past four years, not had access to non-public
information nor provided systems engineering, technical direction, consultation,
technical evaluation, source selection services of services any type, nor
prepared specifications or statements of work, nor engaged in any other conduct
that would create in any current Government procurement an Organizational
Conflict of Interest, as defined in Federal Acquisition Regulation 9.501, with
the Company or, based on the Knowledge of the Seller of the business of L-3 as
conducted on the date three Business Days prior to the Closing Date, with L-3 if
the Company or the Subsidiary were to become an affiliate or division thereof.
III.28 Affiliate Transactions. Except with respect to the Ilex Agreement
and the agreements, arrangements, undertakings and transactions contemplated
thereby, there are no agreements, arrangements, undertakings or other
transactions between the Company or the Subsidiary and the Seller or any
affiliate of the Seller.
III.29 Disclosure in the Seller's Schedule. The disclosure in any Section
of the Seller's Schedule to this Agreement of an exception to any representation
and warranty shall constitute disclosure of such exception for all applicable
representations and warranties under this Agreement.
ARTICLE IV
REPRESENTATIONS AND WARRANTIES OF BUYER
Buyer represents and warrants to Seller that the statements related to
Buyer contained in this Article IV are correct and complete as of the as of the
date hereof and will be correct and complete as of the Closing Date, except as
specified to the contrary in the disclosure schedule prepared by Buyer and
attached hereto as Exhibit B (the "Buyer's Schedule"). The Buyer's Schedule is
arranged in paragraphs corresponding to the lettered and numbered paragraphs
contained in this Article IV.
IV.1 Due Incorporation; Requisite Power and Authority. Buyer is a
corporation duly organized, validly existing and in good standing as a
corporation under the laws of the State of Delaware and has all the requisite
power and authority to execute and deliver the Transaction
-25-
Documents and to perform all transactions in the manner contemplated by the
Transaction Documents. This Agreement has been and, when delivered, the
remainder of the Transaction Documents will have been duly executed and
delivered by Buyer and duly authorized and approved by all necessary corporate
action on the part of Buyer. This Agreement constitutes and, when delivered, the
remainder of the Transaction Documents will constitute the valid and binding
obligations of Buyer, enforceable against Buyer in accordance with its or their
terms, subject to bankruptcy and similar laws and equitable principles regarding
the enforcement of contracts.
IV.2 Requisite Consents; Nonviolation. The execution, delivery and
performance of this Agreement by Buyer does not and the execution, delivery and
performance of the remainder of the Transaction Documents by Buyer will not (a)
violate or conflict with (i) the provisions of the Certificate of Incorporation
or Bylaws of Buyer, (ii) any applicable law, rule or regulation, (iii) any
resolution of the Board of Directors or the shareholders of Buyer, or (iv)
order, writ, injunction or decree by which Buyer is bound; or (b) except as set
forth in this Agreement, require the consent, license, permit, approval,
authorization or other action by or with respect to, any governmental person or
entity (except such approvals, permits or filings as may be required to comply
with applicable state securities and antitrust laws).
IV.3 Broker's Fees. Buyer has no Liability or obligation to pay any fees
or commissions to any broker, finder, or agent with respect to the transactions
contemplated by this Agreement.
ARTICLE V
CERTAIN TRANSACTIONS AND AGREEMENTS
PRIOR TO THE CLOSING DATE
V.1 Confidentiality. The Company and Seller have provided Buyer
information relating to the Company, the Subsidiary and Seller and have
permitted Buyer to make an investigation of the Company, the Subsidiary and
their business. To facilitate a smooth transition in ownership of the Company,
prior to the Closing Date, Buyer, through its officers, employees, counsel,
accountants and other authorized representatives, will continue to discuss the
Company's business with Seller and the Company's and the Subsidiary's officers,
employees, independent accountants, actuaries and other agents during the
Company's normal business hours only in a manner that does not interfere with
the Company's normal business or contravene any agreement to which the Company
is bound.
V.2 Business Organization.
(a) Seller shall use its reasonable best efforts to cause each of the
Company and the Subsidiary, through the Closing Date, (i) to operate its
business only in the usual, regular and ordinary manner, on a basis consistent
with past practice and to the extent consistent with such operation to preserve
substantially intact its business organization, (ii) to keep available the
services of the present officers and employees of the Company and the
Subsidiary, and (iii) to preserve the present relationships of the Company and
the Subsidiary with all entities or persons having significant business dealings
with either of them.
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(b) Except as may be approved in writing by Buyer, (1) from the date
hereof to and including the date four Business Days prior to the Closing Date,
Seller shall use its reasonable best efforts to cause the Company and its
affiliates not to, and (2) from the date three Business Days prior to the
Closing Date to and including the Closing Date, Seller shall not and shall cause
its affiliates not to (i) transfer, sell, encumber or otherwise convey any asset
of the business of the Company and the Subsidiary other than the sale of
inventory in the ordinary course, (ii) grant or agree to any bonuses to any
employee of the Company or the Subsidiary, any general increase in the rate of
salary or compensation of the employees of the Company or the Subsidiary, (iii)
commit the Company or the Subsidiary to provide any additional pension,
retirement or other employee benefits to any employee of the Company or the
Subsidiary, or any increase of existing benefits for such employees, (iv) enter
into any contract, agreement or commitment other than in the ordinary course of
business which involves aggregate consideration of in excess of $100,000 and
which is not cancelable without penalty within 30 days, (v) incur or increase
any indebtedness for borrowed money or guarantee the debt of any other person
(other than any incurrence or increase in the ordinary course of business and
then only if the amount of such incurrence or increase (to the extent not repaid
prior to the date three Business Days prior to the Closing Date) is reflected as
a liability on the Estimated Closing Statement of Net Assets), (vi) submit any
bid or proposal, or modify any existing bid or proposal, in excess of
$2,000,000, (vii) make any capital expenditure, or commit to make any capital
expenditure, in excess of $100,000 in the aggregate, (viii) take any act on
inconsistent with the representations and warranties of Seller hereunder or that
would cause any of the representations and warranties of Seller hereunder to
become untrue in any material respect, (ix) except for conversion of the Company
from its status as a subchapter S Corporation under the Code to a subchapter C
Corporation under the Code, make or change any material tax election or settle
or compromise any material federal, state, local or foreign income tax liability
or file any amended Tax Returns, (x) increase the compensation or fringe
benefits of any present or former director, officer or employee of the Company
or its Subsidiary (except for the payment of bonuses and increases in salary or
wages of employees (other than officers) in the ordinary course of business
consistent with past practice), (xi) grant severance or termination pay to any
present or former director, officer or employee of the Company or its
Subsidiary, in excess of $100,000 in the aggregate, (xii) loan or advance any
money or other property to any present or former director, officer or employee
of the Company or its Subsidiary (except for travel and other similar advances
in the ordinary course of business and consistent with past practice), (xiii)
establish, adopt, enter into, amend or terminate any Company Plan or any plan,
agreement, program, policy, trust, fund or other arrangement that would be a
Company Plan if it were in existence as of the date of this Agreement, (xiv)
following the fourth Business Day prior to the Closing Date, make, declare or
set a record date with respect to any distribution of assets of the Company or
the Subsidiary in respect of the capital stock of the Company (whether by
dividend, redemption, share purchase or otherwise) other than a liquidation and
dissolution of all of the assets of the Company or (xv) agree, whether or not in
writing, to do any of the foregoing.
V.3 Cooperation.
(a) General. Each of the parties will use all reasonable efforts to take
all action and to do all things reasonably necessary, proper or advisable in
order to consummate and make effective the transaction contemplated by this
Agreement (including satisfaction, but not waiver, of the closing conditions).
-27-
(b) Filings and Consents. As soon as practicable, Buyer and Seller shall
make, or cause to be made, any and all filings which are required under the
Hart-Scott-Rodino Act, or any other required filings in any jurisdiction. The
parties will furnish to each other such necessary information and assistance as
each may reasonably request in connection with their preparation of necessary
filings or submissions to any governmental agency, including, without
limitation, any filings necessary under the provisions of the Hart-Scott-Rodino
Act or any other required filings in any jurisdiction. Buyer shall pay the
filing fee(s) associated with all Hart-Scott-Rodino Act filings.
Seller shall use its reasonable efforts to obtain at the earliest
practicable date all material required third party consents, identified in
Section V.3(b) of the Seller's Schedule, of all third parties to leases,
licenses, agreements, indentures or other instruments necessary to the
consummation of the transactions contemplated hereby, and Buyer shall cooperate
with Seller in order to obtain such consents at the earliest practicable date by
performing such actions and by providing Seller with such information,
including, without limitation, publicly-available financial information relating
to Buyer, all as Seller may reasonably request. Anything contained in this
Section V.3(b) to the contrary notwithstanding this Agreement shall not
constitute an agreement to assign any claim, contract, license, lease,
commitment, sales order or purchase order if an attempted assignment of the same
without the consent of the other party thereto would constitute a breach thereof
or in any way materially and adversely affect the rights of Seller thereunder.
(c) Access. Prior to Closing, Seller will use its reasonable best efforts
to cause the Company to permit representatives of Buyer to have reasonable
access at all reasonable times, and in a manner so as not to interfere with the
normal business operations of the Company upon reasonable advance notice, to all
premises, properties, personnel, books, records (including Tax records),
contracts and documents of or pertaining to the Company.
(d) Notice of Developments. Each party will give prompt written notice to
the other of any material adverse development causing or constituting a breach
of any of its own representations and warranties.
V.4 Subsidiary Merger. Prior to the Closing, Seller shall consummate the
Subsidiary Merger.
V.5 No Seller Distributions. Until such time as the transactions pursuant
to this Agreement have been consummated in accordance with the terms hereof,
Seller shall not distribute nor transfer any of its assets now owned or
hereafter acquired.
V.6 Further Assurances. Each of the parties hereto agrees that it will,
from time to time after the date of the Agreement, execute and deliver such
other certificates, documents and instruments and take such other action as may
be reasonably requested by the other party to carry out the actions amid
transactions contemplated by this Agreement.
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ARTICLE VI
COVENANTS REGARDING POST CLOSING ACTIVITIES
VI.1 Employee Matters.
(a) Immediately following the Closing on the Closing Date, Buyer shall
offer employment at will in a similar position to each employee of the Business
who on the Closing Date is employed by the Acquired Company or on an approved
leave of absence (the "Employees") at a rate of base compensation and salary
equal to not less than one hundred percent (100%) of their base compensation and
salary immediately prior to the Closing Date; provided, however, that nothing
herein shall interfere with or otherwise impair any right of Buyer to terminate
the employment of any employee at any time. Buyer shall assume the
responsibility for all obligations and liabilities arising out of or in any way
connected with its employment of the Employees or the termination thereof,
including, without limitation, any and all claims for wrongful discharge,
discrimination or other violations of law or for payment under any employee
benefit plans for claims incurred after the Closing on the Closing Date. Buyer
shall also offer to Employees participation in benefit programs in accordance
with Buyer's employee benefit plans and other fringe benefits which programs
shall be, at a minimum, substantially comparable, in the aggregate, to the
Company Plans (excluding for these purposes any Company Plans providing equity
awards or equity based awards) and shall be eligible to participate in said
employee benefit plans and other fringe benefits of Buyer immediately and on the
same basis as such plans and benefits are offered to new employees of Buyer;
provided, however, that payment of any deductibles under the Company Plans by
such Employees will be credited under Buyer's plans during 1998; provided,
further, that Buyer may change, amend or terminate any such Company Plans at any
time following the Closing Date. In addition, Buyer agrees that any preexisting
condition clause in any of the Acquired Company's health or disability insurance
coverage shall not be applicable to the Employees to the extent allowable.
(b) Buyer shall assume and be responsible for all sums then due any
Employee who accepts Buyer's offer of employment, which sums shall include,
without limitation, salary, wages, overtime, bonuses, accrued and unused
vacation time and any other payments due pursuant to any agreements between the
Acquired Company and such Employee payable after the Closing Date or as required
by applicable law. All Employees who accept Buyer's offer of employment shall
receive credit for years of service with or as granted by the Acquired Company.
(c) Any former employee of the Acquired Company (or their dependents) who
becomes eligible for health continuation coverage under the Acquired Company's
major medical plan by virtue of his or her failure to accept Buyer's offer of
employment being tantamount to a qualifying event, for the entitlement to such
coverage, shall have available health continuation coverage satisfying the
requirements of Section 4870 B of the Code and Section 601 through 608 of ERISA
after the Closing through health benefit plans maintained by Buyer or its
affiliates.
(d) Buyer covenants and agrees that it will assume and be responsible for
any obligations after the Closing Date to Employees who are on workers'
compensation or a similar leave of absence from the Acquired Company on the
Closing Date to the extent such obligations
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are (i) pursuant to fully insured Company Plans, or (ii) fully accrued on the
Closing Statement of Net Assets.
VI.2 Seller's Indemnification.
(a) Seller's Indemnification. Subject to the limitation of Section
VI.2(c), Seller shall indemnify, defend and hold Buyer and its affiliates (and
their respective officers, directors, employees and agents), harmless from any
liability, damages, deficiency, loss, cost or expense (including but not limited
to reasonable attorney's fees and any expenses of investigation in connection
with any claim hereunder) actually incurred or paid by Buyer and its affiliates
(or their respective officers, directors, employees and agents), arising out of
or resulting from (i) the inaccuracy of any representation or the breach of any
warranty made in this Agreement by Seller to Buyer; (ii) any failure of Seller
to perform or comply with any of its covenants and agreements set forth in this
Agreement; (iii) any Liability of the Seller or any of its affiliates or the
Company or any of its affiliates other than Assumed Liabilities; or (iv) any
Government Bid, Government Contract or Government Disclosure; provided, however,
that Seller shall only indemnify Buyer and its affiliates for the first
$10,000,000 of claims related to any Government Bid, Government Contract or
Government Disclosure. Notwithstanding anything to the contrary contained
herein, the Buyer shall be permitted to offset any amounts which would otherwise
become payable to the Seller under Section 11.4 against amounts owing by the
Seller under this Section VI.2(iv); provided that such right of offset shall
only be exercisable with respect to Additional Consideration if notice of the
exercise of such right is delivered to the Seller by the Buyer prior to the date
on which the calculation of EBIT with respect to such Additional Consideration
shall have been finally determined and agreed to pursuant to Section II.5.
(b) Tax Indemnification. Seller shall indemnify and hold harmless the
Buyer and its affiliates (and their respective officers, directors, employees
and agents) from and against any and all Taxes for or in respect of each of the
following (excluding, in all cases, Taxes included within the definition of
Assumed Liabilities):
(i) any and all Taxes with respect to any taxable period or a
portion thereof, of the Company (or any predecessor) ending on or before
the close of business on the date three Business Day's prior to the
Closing Date;
(ii) with respect to any and all Taxes of any member of a
consolidated, combined or unitary group of which the Company (or any
predecessor) is or was a member on or prior to the close of business on
the date three Business Days prior to the Closing Date by reason of the
liability of the Company pursuant to Treasury Regulation Section
1.1502-6(a) (or any analogous or similar state, local or foreign law or
regulation), as a transferee or successor, by contract, or otherwise;
(iii) any Taxes arising out of a breach of the representations and
warranties contained in Section III.15; and
(iv) any payments required to be made after the Closing Date under
any Tax sharing, Tax indemnity, Tax allocation or similar contracts
(whether or not written), to
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which the Company or any predecessor was obligated, or was a party, on or
prior to the close of business on the date three Business Days prior to
the Closing Date.
(c) Notification; Control of Proceedings. Buyer shall promptly give to the
Seller written notice if it becomes aware of any liability, loss, damage, claim,
cost and expense with respect to which indemnity may be asserted; provided that
the failure to give prompt notice will not release the Seller from liability
hereunder, except to the extent they are actually prejudiced thereby. If any
claim is made by a third person or an action or proceeding commenced for which
Buyer shall seek indemnity from Seller, Buyer shall give to the Seller
reasonable written notice of the claim and request Seller to defend the same.
Seller shall have the right to defend against such liability at their expense,
and shall give written notice to Buyer of the commencement of such defense with
reasonable promptness after the giving of the written notice of the claim by
Buyer. Buyer shall be entitled to participate with Seller in such defense, but
shall not be entitled in any way to release, waive, settle, modify or pay such
claim without the written consent of the Seller, if Seller have assumed such
defense. In the event Seller does not assume the defense of the matter as
provided above, or does not notify Buyer of its election to defend such a matter
within 30 days, Buyer shall have the full right to defend against such liability
in such manner as it may deem appropriate. In the event Seller shall assume the
defense, Buyer shall cooperate in the defense of such action, and the records of
each shall be available to the other with respect to such defense, provided,
however, that the Seller shall not, in the defense of any such action, consent
to the entry of any judgment or enter into any settlement where such entry of
judgment or settlement does not include a provision releasing the Buyer from all
liability with respect to such action or that provides for a remedy other than
the payment of money damages, except with the written consent of Buyer, such
consent not to be unreasonably withheld or delayed.
(d) Limitation on Indemnification. Notwithstanding the provisions of
Sections VI.2(a) (except with respect to (A) clauses (ii), (iii) and (iv) of
Section VI.2(a) and (B) Taxes as provided under Section VI.2(b)), (i) Seller
shall not be liable to Buyer on account of any breach of any warranty or
representation by Seller in this Agreement until the aggregate amount of all
claims against Seller for which indemnification would have been available
hereunder but for the application of the limitation set forth in this clause (i)
for all breaches exceeds one percent (1%) of the Cash Purchase Price and then
only for the amount by which such aggregate cumulative liability is in excess of
one percent (1%) of the Cash Purchase Price; and (ii) in no event shall Seller's
obligations to Buyer under Section VI.2(a)(i) exceed, in the aggregate,
$5,000,000.
(e) Survival. The indemnification obligations of Seller under this Section
VI.2 (except with respect to indemnification pursuant to Section VI.2(a)(ii),
(iii) and (iv)) shall terminate on June 30, 1999 as to any claim not asserted
prior to such date, except that the indemnification obligations of Seller for
(x) a breach of Sections III.1, III.2, III.3, III.5 and III.15 and (y) for Taxes
under Section VI.2(b) shall not terminate until the expiration of the sixty-day
period after the expiration of the applicable statute of limitations as to any
claim not asserted prior to such date and that the indemnification obligations
of Seller for a breach of Sections III.4, III.11 and III.16 shall terminate
three (3) years after the date hereof as to any claim not asserted prior to such
date. The indemnification obligations of Seller (I) under Section VI.2(a)(ii)
shall terminate ten (10) years after the date hereof and (II) under Section
VI.2(a)(iv) shall terminate on June 30, 2000, in each case as to any claim not
asserted prior to such date.
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(f) Indemnification Provisions for Benefit of Seller.
(i) In the event Buyer breaches (or in the event any third party
alleges facts that, if true, would mean Buyer has breached) any of its
representations, warranties, and covenants contained in this Agreement or
in any of the Transaction Documents, then the Buyer agrees to indemnify
Seller and its affiliates (and their respective officers, directors,
employees and agents) from and against the entirety of any Losses (up to
but not in excess of the Cash Purchase Price) Seller or its affiliates
(and their respective officers, directors, employees and agents) may
suffer through and after the date of the claim for indemnification
(including any Losses Seller or its affiliates (and their respective
officers, directors, employees and agents) may suffer after the end of any
applicable survival period) resulting from, arising out of, or caused by
the breach (or the alleged breach).
(ii) Notwithstanding anything to the contrary herein contained, (i)
Buyer will indemnify, defend and hold harmless Seller and its affiliates
(and their respective officers, directors, employees and agents) from and
against any Losses as a result of claims based on or arising from any
Assumed Liabilities or the operation of the Business after the Closing
Date and (ii) such indemnification shall not be limited in time or amount
or subject to any deductible or cap.
(iii) Seller or its affiliates shall with reasonable promptness give
to the Buyer written notice if it becomes aware of any Losses with respect
to which indemnity may be asserted; provided that the failure to give
prompt notice will not release the Buyer from liability thereunder, except
to the extent they are actually prejudiced thereby. If any claim is made
by a third person or an action or proceeding commenced for which Seller or
other indemnified parties shall seek indemnity from Buyer, Seller or its
affiliates shall give to Buyer reasonable written notice of the claim and
request Buyer to defend the same. Buyer shall have the right to defend
against such liability at their expense, and shall give written notice to
Seller of the commencement of such defense with reasonable promptness
after the giving of the written notice of the claim by Seller or its
affiliates. Seller or other indemnified parties shall be entitled to
participate with Buyer in such defense, but shall not be entitled in any
way to release, waive, settle, modify or pay such claim without the
written consent of the Buyer, if Buyer has assumed such defense. In the
event Buyer does not assume the defense of the matter as provided above,
or does not notify Seller of their election to defend such a matter within
30 days, Seller or other indemnified parties shall have the full right to
defend against such liability in such manner as it or they may deem
appropriate. In the event Buyer shall assume the defense, Seller or other
indemnified parties shall cooperate in the defense of such action, and the
records of each shall be available to the other with respect to such
defense, provided, however, that the Buyer shall not, in the defense of
any such action, consent to the entry of any judgment or enter into any
settlement where such entry of judgment or settlement does not include a
provision releasing the Seller or other indemnified parties from all
liability with respect to such action or that provides for a remedy other
than the payment of money damages, except with the written consent of
Seller or other indemnified parties.
(iv) The indemnification obligations of Buyer under this Section
VI.2(f) shall not terminate until the expiration of the applicable statute
of limitations; provided, however,
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that the indemnification obligations of Buyer related to any failure of
Seller to perform or comply with any of its covenants and agreements set
forth in this Agreement shall terminate ten years from the date hereof as
to any claim not asserted prior to such date.
VI.3 Contracts Requiring Consent to Assignment. Notwithstanding anything
in this Agreement, neither this Agreement nor any document or instrument
delivered pursuant hereto shall constitute an assignment of any claim, contract,
agreement, license, lease, commitment, sales order or purchase order or any
claim or right or any benefit arising thereunder or resulting therefrom if an
attempted assignment thereof without the consent of any other Person would
constitute a breach thereof or in any way adversely affect the rights to be
assigned. Until such consent is obtained, or if an attempted assignment
thereunder would be ineffective or would affect the rights of Seller or any
affiliate thereunder so that the Buyer would not in fact receive all such
rights, Seller and the Buyer will cooperate with each other (and, to the extent
required, Seller shall cause its affiliates to cooperate with the Buyer) to
provide for the Buyer the benefits of, and to permit the Buyer to assume all
liabilities under, any such claim, contract, agreement, license, lease,
commitment, sales order or purchase order, including enforcement at the request
and expense of the Buyer for the benefit of the Buyer of any and all rights of
Seller or any affiliate against a third party thereto arising out of the breach
or cancellation thereof by such third party; and any transfer or assignment to
the Buyer by Seller or any affiliate of any property or property rights or any
contract or agreement which shall require the consent or approval of any third
party shall be made subject to such consent or approval being obtained. The
parties shall each use their best efforts to obtain any required consent to
assignment.
VI.4 Company Plans. From and after the Closing, Buyer agrees to assume
Seller's obligations under and become the plan sponsor of each of the Company
Plans in effect immediately prior to the Closing Date and Buyer shall be
entitled to all rights, obligations and duties of Seller under such Company
Plans and Seller shall cause any assets, set-aside or otherwise, pertaining to
the Company Plans to be transferred to Buyer; such assets shall include, but not
be limited to, qualified trusts, VEBAs, and grantor trusts and insurance
policies. Notwithstanding anything to the contrary herein contained, the
assumption of such obligations is not intended to and shall not be construed to
impair the right or ability of Buyer to unilaterally amend or terminate any such
benefit plans and other fringe benefits, or any Company Plan in effect
immediately prior to the Closing Date, at any time after the Closing Date.
VI.5 Research and Experimental Expenses. Seller will use its reasonable
best efforts to cause to be furnished to Buyer as soon as reasonably
practicable, but in no event more than 180 days after Closing, all information
reasonably requested relating to the base period research expenses and any other
information to allow Buyer to claim research and experimental credits in
accordance with the relevant sections of the Code and treasury regulations
promulgated thereunder.
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ARTICLE VII
CONDITIONS TO OBLIGATIONS OF BUYER AND SELLER
The obligations of Buyer and Seller to consummate the transactions
contemplated by this Agreement on the Closing Date shall be subject to the
fulfillment at or prior to the Closing of each of the following conditions,
except to the extent such conditions are waived in writing by Buyer and Seller:
VII.1 Government Approvals; Litigation. All requisite governmental
approvals and authorizations necessary, including, but not limited to, any such
approvals or authorizations under the Hart-Scott-Rodino Act, for the
consummation of the transactions contemplated hereby shall have been duly issued
or granted and all applicable waiting periods shall have expired or otherwise
been terminated. No action or proceeding by any governmental authority or any
third party challenging the transactions contemplated by this Agreement or any
parties' ability or right to participate therein shall be pending or threatened
against any party. No unfavorable decree or order shall exist that would prevent
or make the consummation of any of the transactions contemplated by this
Agreement unlawful or would result in the payment of damages or other
consequences materially adverse to the business or assets of Seller, Buyer or
the Company.
VII.2 Permits and Approvals. Buyer, Seller and the Company shall each have
received all consents, waivers, approvals, licenses, or other authorizations
required for the performance of this Agreement by the parties hereto.
ARTICLE VIII
CONDITIONS TO BUYER'S OBLIGATIONS
The obligation of Buyer to consummate the transactions contemplated by
this Agreement on the Closing Date shall be subject to the fulfillment at or
prior to the Closing of each of the following conditions, except to the extent
such conditions are waived by Buyer, such waiver to be evidenced by Buyer's
consummation of the transaction contemplated hereby:
VIII.1 Representations and Warranties; Performance. The representations
and warranties of the Seller set forth in this Agreement shall be true in all
material respects (except that where any statement in a representation or
warranty expressly includes a standard of materiality, such statement shall be
true and correct in all respects) as of the Closing Date with the same effect as
though made at such time. Seller shall have performed and complied in all
material respects with all agreements, covenants and conditions required by this
Agreement to be performed or complied with by it prior to or at the Closing.
Seller shall have delivered to Buyer a certificate, dated the Closing Date, as
to the foregoing.
VIII.2 Escrow Agreement. The Escrow Agreement to be entered into pursuant
to the Stock Purchase Agreement shall have been assigned to Buyer pursuant to an
Assignment of Escrow Agreement in substantially the form of Exhibit VIII.2
hereto.
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VIII.3 Subsidiary Merger. The Subsidiary Merger shall have been
consummated.
VIII.4 Material Adverse Change. Between the date of this Agreement and the
Closing, there shall have been no material adverse change (or any event that
would reasonably be expected to result in such change) in the condition
(financial or otherwise), results of operation, business, assets or properties
of the Company.
VIII.5 Proceedings. All proceedings to he taken in connection with the
transactions contemplated by this Agreement and all documents incident thereto
shall be reasonably satisfactory in form and substance to Buyer and its counsel,
and Buyer shall have received copies of such documents and such other evidence
as it or its counsel may reasonably request in order to establish the
consummation of such transaction and the taking of all proceedings in connection
therewith.
VIII.6 Ilex Agreement. The Closing (as defined therein) under the Ilex
Agreement shall have occurred in accordance with the terms thereof.
VIII.7 Non-Competition Agreements. The Non-Competition Agreements entered
into pursuant to the Stock Purchase Agreement shall have been assigned to Buyer
pursuant to an Assignment of Non-Competition Agreements in substantially the
form of Exhibit VIII.6 hereto.
ARTICLE IX
CONDITIONS TO OBLIGATIONS OF SELLER
The obligations of Seller to consummate the transactions contemplated by
this Agreement on the Closing Date shall be subject to the fulfillment at or
prior to the Closing of each of the following conditions, except to the extent
such conditions are waived by Seller, such waiver to be evidenced by Seller's
consummation of the transaction contemplated hereby.
IX.1 Representations and Warranties; Performance. The representations and
warranties of Buyer set forth in this Agreement shall be true in all material
respects (except that where any statement in a representation or warranty
expressly includes a standard of materiality, such statement shall be true and
correct in all respects) as of the Closing Date, with the same effect as though
made at such time. Buyer shall have paid the Cash Purchase Price and otherwise
performed and complied in all material respects with all agreements, covenants
and conditions required by this Agreement to be performed or complied with by it
prior to or at the Closing.
IX.2 Proceedings. All proceedings to be taken in connection with the
transactions contemplated by this Agreement and all documents incident thereto
shall be reasonably satisfactory in form and substance to Seller and their
counsel, and Seller shall have received copies of such documents and such other
evidence as they or their counsel may reasonably request in order to establish
the consummation of such transactions and the taking of all proceedings in
connection therewith.
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IX.3 Ilex Agreement. The Closing (as defined therein) under the Ilex
Agreement shall have occurred.
ARTICLE X
FEES AND EXPENSES
X.1 Expenses. Except as explicitly provided hereunder each party hereto
shall bear its own expenses incurred in connection with the negotiation and
consummation of the transactions contemplated by this Agreement.
X.2 Fees or Commissions of Brokers. Buyer has no obligation to pay any
fees or commissions of any broker, finder or agent with respect to the
transactions contemplated by this Agreement for which Seller could be liable.
ARTICLE XI
TERMINATION
XI.1 Termination of Agreement. This Agreement and the transactions
contemplated hereby may be terminated at any time before the Closing Date, as
follows, and in no other manner:
(a) by mutual consent of Buyer and Seller;
(b) by either Buyer or Seller if the Closing shall not have occurred on or
before 5:00 p.m., Pacific Time, on March 31, 1998; provided that the right to
terminate this Agreement under this Section XI.1 shall not be available to any
party whose failure to fulfill any obligations under this Agreement has been the
cause of, or results in, the failure of the Closing to have occurred within such
period;
(c) by either Buyer or Seller, respectively, if there has been a material
breach of any representation, warranty, covenant or agreement contained in this
Agreement on the part of the other party and such breach of a covenant or
agreement has not been cured within ten (10) days after notice of such breach
has been given to the other party; or
(d) by either Buyer or a majority in interest of Seller if (i) there shall
be a final, non-appealable order of a federal or state court in effect
preventing consummation of the transaction, or (ii) there shall be any action
taken, or any statute, rule, regulation or order enacted, promulgated or issued
or deemed applicable to the acquisition by any governmental entity which would
make consummation of the transaction illegal.
XI.2 Effect of Termination. In the event of a termination of this
Agreement by any party pursuant to Section XI.1, this Agreement shall become
void and have no effect, and there shall be no obligations or liability on the
part of any party or its respective officers, directors or
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trustees, except as set forth in Sections V.1 and X.1 (except to the extent that
termination has occurred pursuant to subsection XI.1(c), above).
ARTICLE XII
MISCELLANEOUS
XII.1 Time of the Essence. Time is of the essence in this Agreement;
provided, however, that the parties shall have a reasonable period of time to
cure any failure to perform their obligations hereunder, which period shall not
be longer than three (3) Business Days for purposes of any obligations under
Article II.
XII.2 Entire Agreement. Except as set forth in Section V.1 above, this
Agreement and the other agreements contemplated hereby contain the entire
agreement of the parties hereto, and supersedes any prior written or oral
agreements between them concerning the subject matter contained herein. There
are no representations, agreements, arrangements or understandings, oral or
written, between the parties to this Agreement, relating to the subject matter
contained in this Agreement, which are not fully expressed herein or the
agreement identified in Section V.1 above. The Schedules and each Exhibit
attached to this Agreement or delivered pursuant to this Agreement is
incorporated herein by this reference and constitutes a part of this Agreement.
XII.3 Press Releases amid Public Announcements. Neither Seller nor Buyer
shall issue any press release or make any public announcement concerning the
matters set forth in this Agreement (other than as required by applicable
disclosure rules or regulations) without the consent of the other party, which
consent shall not be unreasonably delayed or withheld. Seller and Buyer will
cooperate to jointly prepare and issue any press release which may be issued to
announce the entering into this agreement or the closing of the transaction
contemplated by this Agreement.
XII.4 Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original but all of which shall
constitute one and the same instrument.
XII.5 Descriptive Headings. The Article and Section headings in this
Agreement are for convenience only and shall not affect the meanings or
construction of any provision of this Agreement.
XII.6 Notices. Any notices required or permitted to be given under this
Agreement shall be in writing and shall be deemed sufficiently given on the date
delivered personally or by telecopier (if a copy is sent by mail), or five (5)
days after posting by registered or certified mail, postage prepaid, addressed
as follows:
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If to Buyer:
L-3 Communications Corporation
600 Third Avenue
New York, NY 10016
Telecopier Number: (212) 805-5494
Attention: Christopher C. Cambria
With a copy to:
Simpson Thacher & Bartlett
425 Lexington Avenue
New York, NY 10017
Telecopier Number: (212) 455-2502
Attention: William E. Curbow
And if to Seller:
FAP Acquisition Trust
c/o First Union National Bank
10 State House Square
Hartford, CT 06103-3698
Telecopier Number: (860) 247-1356
Attention: W. Jeffrey Kramer
With copies to:
Pillsbury Madison & Sutro LLP
235 Montgomery Street
San Francisco, CA 94104
Telecopier Number: (415) 983-1200
Attention: Graham Taylor
and
Bingham Dana LLP
100 Pearl Street
Hartford, CT 06103
Telecopier Number: (860) 527-5188
Attention: James G. Scantling
or to such other address or addresses as a party shall have previously
designated by notice to the sender given in accordance win this Section.
XII.7 Arbitration. Any dispute under this Agreement prior to June 30, 2000
(and after such date, but in such case only if and for so long as there are
Impounded Funds (as defined in the Escrow Agreement between Seller, the Company
and the stockholders of the Company (the
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"Escrow Agreement")) with respect to such dispute) (the "Initial Arbitration
Period") which is not settled by mutual agreement among the parties hereto,
shall be finally settled by binding arbitration in New York, New York, conducted
by and in accordance with the rules then in effect of the Judicial Arbitration
and Mediation Service; provided that after the Initial Arbitration Period or the
payment or distribution of all amounts held in escrow pursuant to the Escrow
Agreement (or when a Notice of Release (as defined in the Escrow Agreement) has
been received with regard to all remaining amounts in such escrow), whichever
occurs earlier, any such dispute shall be settled by binding arbitration in San
Francisco, California, conducted by and in accordance with the rules then in
effect of the Judicial Arbitration and Mediation Service. Each party shall bear
its own costs and attorneys' and witness' fees. The prevailing party in any
arbitration, as determined by the arbitration panel, shall be entitled to an
award against the other party in the amount of the prevailing party's costs and
reasonable attorneys' fees. In making any such award, the arbitration panel
shall take into consideration the outcome of the proceeding and the
reasonableness of the conduct of each such party in connection with the dispute,
in light of the facts known to such party at the time such party engaged in such
conduct. The arbitrator shall not have authority to award punitive damages
hereunder.
XII.8 Choice of Law. This Agreement shall be construed in accordance with
and governed by the laws of the State of New York.
XII.9 Bulk Sale and Other Tax Filings. The Buyer and Seller agree to waive
compliance with applicable state sales Tax, bulk sales notification statutes and
regulations and any applicable state tax statutes, in connection with the sale
of the Acquired Assets to the Buyer.
XII.10 Transfer Taxes; Sales Tax. The parties agree that the Buyer shall
pay the sales Tax on the transfer of personal property and each of the Seller or
the Buyer, as appropriate, shall be responsible for such other transfer Taxes
applicable to the transaction contemplated hereby as are customary in the
jurisdiction in which the Tax is payable (other than Taxes computed on the basis
of income) and each party so responsible shall indemnify, defend and hold the
other harmless with respect to such Taxes. Each Party shall file, or cooperate
with the other Party in filing, all necessary documentation and Tax Returns with
respect to such Transfer Taxes.
XII.11 Binding Effect; Benefits. This Agreement shall inure to the benefit
of and be binding upon the parties and their respective successors and permitted
assigns. Nothing in this Agreement, express or implied, is intended to confer on
any person other than the parties or their respective successors and permitted
assigns any rights, remedies, obligations or liabilities under or by reason of
this Agreement.
XII.12 Assignability. Except as explicitly contemplated hereunder, neither
this Agreement nor any of the parties' rights hereunder shall be assignable by
any party without the prior written consent of the other party and any attempted
assignment without such consent shall be void provided, however, that this
Agreement may be assigned by Buyer to an affiliate of Buyer which shall have
been formed for the purpose of consummating the transactions contemplated
hereby.
XII.13 Waiver and Amendment. Any term or provision of this Agreement may
be waived at any time by the party which is entitled to the benefits thereof.
The waiver by any
-39-
party of a breach of any provision of this Agreement shall not operate or be
construed as a waiver of any subsequent breach. The parties may, by mutual
agreement in writing, amend this Agreement in any respect.
XII.14 Attorneys' Fees. In the event of any action or proceeding to
enforce the terms and conditions of this Agreement, the prevailing party shall
be entitled to an award of reasonable attorneys' and experts' fees and costs, in
addition to such other relief as may be granted.
XII.15 Severability. If and to the extent that any court of competent
jurisdiction holds any provisions (or any part thereof) of this Agreement to be
illegal, invalid or unenforceable, such holding shall not affect the validity of
the remainder of this Agreement.
XII.16 No Recourse. It is expressly understood and agreed that this
Agreement is executed and delivered on behalf of Seller by First Union National
Bank ("First Union"), not in its individual capacity but solely as Trustee under
the trust agreement under which Seller is organized, in the exercise of the
powers and authority conferred and vested in it as the Trustee thereunder, and
each of the representations, warranties, undertakings and agreements herein made
on the part of Seller is made and intended not as a personal representations,
warranty, undertaking and agreement by First Union but is made and intended for
the purpose of binding only the trust estate created by the trust agreement
under which Seller is organized (the "Trust Estate"), and all persons having any
claim against First Union or Seller by reason of the transactions contemplated
by this Agreement shall for payment or satisfaction thereof not seek recourse
against First Union except in its capacity as trustee and then only to the
extent of the Trust Estate.
-40-
IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto
as of the day and year first above written.
L-3 COMMUNICATIONS CORPORATION
By: /s/ [ILLEGIBLE]
---------------------------------
Name:
Title:
FAP TRUST
By: First Union National Bank, not
in its individual capacity but
solely as trustee
By:
---------------------------------
Name: W. Jeffrey Kramer
Title: Vice-President
IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto
as of the day and year first above written.
L-3 COMMUNICATIONS CORPORATION
By:
---------------------------------
Name:
Title:
FAP TRUST
By: First Union National Bank, not
in its individual capacity but
solely as trustee
By: /s/ W. Jeffrey Kramer
---------------------------------
Name: W. Jeffrey Kramer
Title: Vice-President
EXHIBIT A
FAP Trust Disclosure Schedule
Section III.1
Due Organization of Seller;
Authorization; Title to Acquired Assets
The Company has a five million dollar line of credit with Comerica Bank
which grants the Bank a security interest in the assets of the Company. The
Company also has a $100,000 line of credit with IBM which grants IBM a security
interest in the assets of the Company. The Company has not drawn down either
line of credit as of February 9, 1998.
Seller will borrow all or a portion of the funds required to acquire all
of the capital stock of the Company pursuant to the Ilex Agreement and will
repay such borrowings (the "Borrowings") with the Cash Purchase Price to be
received from Buyer in connection with the consummation of the transactions
contemplated by the Asset Purchase Agreement. Buyer may grant in favor of its
lender various Liens upon some or all of the capital stock of the Company and
some or all of the assets of the Company and the Subsidiary, which Liens will be
released upon consummation of the transactions contemplated hereby and repayment
of the Borrowings.
FAP Trust Disclosure Schedule
Section III.2
Requisite Consents; Nonviolations
Specific consent by the owner of the Milpitas facility (Barber Associates
LP C/O Menlo Equities 2901 Tasman Dr., Suite 220, Santa Clara, CA 95054) at 1570
Buckeye Drive, Milpitas, CA 95035 leased by the Company will be required as
stipulated in the lease agreement in connection with the execution of the Ilex
Agreement, this Asset Purchase Agreement and the consummation of the
transactions contemplated hereby and thereby. The referenced lease agreement
specifically states that consent cannot be unreasonably denied. (See chart that
is a part of Section III.13.) Consent by Comerica Bank, lender under the
Company's line of credit may also be required in connection with the execution
of the Ilex Agreement, this Asset Purchase Agreement and the consummation of the
transactions contemplated hereby and thereby. The consent of the U.S. Government
in connection with (or novation of) the IEW contract (See Section III.17) is
required in connection with the execution of the Ilex Agreement, this Asset
Purchase Agreement and the consummation of the transactions contemplated hereby
and thereby. Other Government Contracts and bids for Government Contracts
require consent in connection with the execution of the Ilex Agreement, this
Asset Purchase Agreement and the consummation of the transactions contemplated
hereby and thereby (see attached list).
In addition to the above, the consent of the counterparty to various of
the agreements to which the Company or the Subsidiary is a party may be required
in connection with the
2
execution and delivery of this Asset Purchase Agreement and the consummation of
the transactions contemplated hereby.
--------------------------------------------------------------------------------
Novation or corporate name change required:
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Novation:
--------------------------------------------------------------------------------
DELIVERY
--------------------------------------------------------------------------------
ORDER
--------------------------------------------------------------------------------
SOURCE CONTRACT NUMBER NUMBERS
--------------------------------------------------------------------------------
Fort Monmouth-CECOM DAAB07-91-D-Q501 21-47 incl.
--------------------------------------------------------------------------------
Fort Monmouth-CECOM DAAB07-96-D-H510 1-14 incl.
--------------------------------------------------------------------------------
MD PROCUREMENT MDA904-97-C-0172
--------------------------------------------------------------------------------
MD PROCUREMENT MDA904-97-C-0100
--------------------------------------------------------------------------------
MD PROCUREMENT MDA904-96-C-1161
--------------------------------------------------------------------------------
MD PROCUREMENT MDA904-95-C-2215
--------------------------------------------------------------------------------
MD PROCUREMENT MDA904-98-C-A813
--------------------------------------------------------------------------------
USPS (Hygienetics) BID
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Name Change Notification or Amendment: PO or TASK
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
BOOZ ALLEN 25704NS100 1038-4
--------------------------------------------------------------------------------
GENERAL INSTRUMENT 2101438
CORP.
--------------------------------------------------------------------------------
L3-NERVETRUNK SUB ON MDA904-94-C-8028
--------------------------------------------------------------------------------
L3-MAROON ARCHER SUB ON MDA904-96-C-0291 KT0156608 &
KTO137830
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
FAP Trust Disclosure Schedule
Section III.3
Organization and Authorization
The Company is not qualified to do business in Arizona, Colorado, Georgia,
New York, North Carolina, Tennessee, and Texas. Company Employees in all of
these states work on U.S. Military installations under Government Contracts.
FAP Trust Disclosure Schedule
Section III.5
Subsidiaries, etc.
The Subsidiary is a California corporation and is operated as a wholly
owned subsidiary of the Company. Joseph Lopez is Chairman of the Board of
Directors and the Sole Director of the Subsidiary. Ralph Vitagliano is the Chief
Financial Officer and Secretary of the Subsidiary. Officers of the Subsidiary
are:
Scott Feldman President
Scott Sargis Vice President
Richard Peduto Vice President
Robert Bays Vice President
When the Company changed from a C to an S corporation in March 1997, the
Subsidiary was also changed to an S form so that earnings could be consolidated
and distributed to the Company shareholders.
The Company owns Series E preferred shares of OSI, an affiliate of Jack
Harris (see Section III.28 below). The Company also owns some warrants and
common stock of TWA, and some common stock of Continental Airlines which it
acquired for uncollectible accounts receivable. The Company will dispose of
these TWA and Continental shares and warrants in advance of consummation of the
Ilex Agreement.
FAP Trust Disclosure Schedule
Section III.7
No Material Changes
Disclosure required re the OSI financial situation. (See Section III.28
below.) Disclosure required in connection with the issuance of stock to Jack
Harris. Director Jack Harris' fees for the first four meetings (April 1997
through January 1998) at the rate of 850 shares per meeting were issued in
January. There are 25,000 stock options outstanding at an exercise price of
$17.50 per share. Terms of the Stock Incentive Option Plan are disclosed (see
Section III.11) and the options all vest in the acquisition of the Company under
the Company's Stock Option Plan.
FAP Trust Disclosure Schedule
Section III.8
Undisclosed Liabilities
Not disclosed in the financial statements is the commission which will be
due to Bowles Hollowell Conner in the event that the Company is sold. Expenses
which include preparation of a confidential offering memorandum and
out-of-pocket travel and legal fees incurred by the Company in connection with
the sale of stock which are recorded as prepaid expenses of the Company on
closing financial statements as per advice from the Company's outside
accountants.
See discussion of the OSI investment in Section III.28 below.
FAP Trust Disclosure Schedule
Section III.9
Governmental Authorizations; Compliance with Law
See attached list
FAP Trust Disclosure Schedule
Section III.10
Litigation
The Subsidiary entered into an Agreement with the Florsheim Group, Inc.
(Florsheim) for the survey, engineering and construction management of the
abatement and demolition of the former headquarters building of Florsheim in
Chicago, IL. The Subsidiary subcontracted the abatement and demolition phases of
the project to EHC, Inc. (EHC), who subsequently subcontracted a portion of the
demolition to MasterCraft, Inc. (MasterCraft). The subcontract Agreement
executed between the Subsidiary and EHC includes a provision restricting EHC and
their subcontractors from filing mechanic liens against the property, as well as
a provision to indemnify and hold the Subsidiary harmless from any and all
damages associated with EHC's actions of those of its subcontractors. A work
quality issue arose between EHC and MasterCraft, resulting in EHC terminating
the subcontract Agreement. MasterCraft then filed suit against EHC, claiming
contract breach by improper contract termination. The suit also named the
Subsidiary, Florsheim, and other project development and financing entities, and
includes a demand for damages for $51,000.
The Subsidiary has answered these charges, and has contacted plaintiff's
counsel to investigate terminating the action against the Subsidiary. Plaintiff
did not object to this approach, and may decide to accept that proposal at a
hearing on the matter scheduled for February 17, 1998. The Subsidiary has also
contacted EHC regarding its obligations to accept defense cost and other
financial responsibilities, which it admits. The Subsidiary management
anticipates that the Subsidiary will ultimately be dismissed from the action.
FAP Trust Disclosure Schedule
Section III.11
Employee Benefits Plan
ILEX SYSTEMS, INC.
EMPLOYEE BENEFIT PLANS
(INSURANCE)
Plan + Coverage/Benefit Insurer
Medical (PPO) Great West Life
Dental Plan Great West Life
Medical (HMO) Kaiser Permanente
Basic Life/Accidental Death & Great West Life
Dismemberment
Long Term Disability ITT Hartford
HYGIENETICS ENVIRONMENTAL SERVICES, INC.
EMPLOYEE BENEFIT PLANS
Plan + Coverage/Benefit Insurer
Medical (PPO) AETNA
Dental Delta Dental
Basic Life/Accidental Death & AETNA
Dismemberment
Long Term Disability ITT Hartford
The Company and the Subsidiary also maintain an incentive stock option
plan (copy attached). In addition, the Company provides a bonus plan for its
senior management which is based on the achievement profit targets. The plan is
approved and paid on an annual basis. The Company and the Subsidiary also offer
normal days off, two week of paid vacation per year and customary holidays. The
attached Benefits Summary provides details on the listed plans. The Company
sponsors a Section 401(k) Plan through T. Rowe Price and the Subsidiary sponsors
a Section 401(k) Plan through Fidelity Investments. (Copies of plan documents
attached.)
FAP Trust Disclosure Schedule
Section III.12
Intellectual Property
The Company has rights in the following firmware or software, the
copyright for none of which has been registered, as a different version of the
software is created for each customer's specific needs.
1. SCADA System Software
2. DGU Software
3. (Medical) Pharmaceutical Software
4. RTU Firmware (8100, 8200, 9500)
Environmental System Management
5. Software (to Boston University)
The Company uses form license agreements in connection with its marketing
of these products.
The Company uses the trade names Ilex and Ilex Systems; its wholly owned
subsidiary uses the trade name Hygienetics.
The Company is the licensee of many "off the shelf" software programs used
in conducting its business.
FAP Trust Disclosure Schedule
Schedule Section III.13
Real & Personal Property
Real Property - See Attached Lease Analysis
Personal Property - See Attached Fixed Asset Schedules
FAP Trust Disclosure Schedule
Section III.14
Insurance Policies
See attached list and analysis
FAP Trust Disclosure Schedule
Section III.17
Contracts
The Company has two large contracts. The IEW contract and the $5.0 million
line of credit with Comerica Bank.
(i) See Section III.7 and III.28 for director and affiliate contract.
(ii) The Company's employees (including officers) are employed at "at
will" basis at current salaries and salaries are reviewed annually.
Discretionary bonuses also paid. See also Disclosure Schedule Section III.11 for
additional benefits information.
(iii) None
(iv) The Company has a $5,000,000 line of credit with Comerica Bank and a
$100,000 line of credit with IBM.
[(v) See Section III.3.]
(vi) See (xii) below.
(vii) See Schedule III.12.
(viii) None
(ix) None
(x) None
(xi) See (iv) above; other contracts have terms which have incidental
effects on the manner in which the business of the Company is operated.
(xii) IEW Contract
FAP Trust Disclosure Schedule
Section III.21
Largest Customers & Suppliers
See attached lists
FAP Trust Disclosure Schedule
Section III.22
Bank Accounts
See attached lists
for Company and Subsidiary
bank accounts
FAP Trust Disclosure Schedule
Schedule Section III.26
Government Property
Held by the Company
See attached Schedules
FAP Trust Disclosure Schedule
Section III.28
Transactions with affiliates.
The Company has no contacts or arrangements with its officers, directors,
major affiliates, subsidiaries and entities which they control except as
follows:
In January, 1995 the Company made a $250,000 investment in 62,500 shares
of series E preferred stock of Optical Specialties Inc. (OSI). Mr. Jack Harris,
a director of the Company, is the president of OSI. The investment was made
pursuant to the Series E Preferred Stock Purchase Agreement dated December 14,
1994.
FAP Trust Disclosure Schedule
Section V.3(b)
Filings and Consents
To the extent material, those consents referred to in Section III.2 and
Section III.13 hereof.
Schedule 1 - Products
Ocean Systems Product List
Airborne
AQS-18
AQS-18A
AQS-18 V1A
AQS-18V(3)
AQS-13B (Spares, and R&O only)
AQS-13F
AQS-24B Test Bench
AWS-18M (Japan)
HELRAS
SHELRAS
Test Adapter Test Set (TATS)
Reeling Machine Test Set (RMTS)
ASW System Trainer (AST)
Related Spares, service, R&O, provisioning, engineering and technical
support, documentation and publications.
Sea Systems
Non-Standard Towed Array (NSTA)
TB-23 Towed Array Modules, Tow Cables
TB-23 Towed Array Receiver Coupler (TARC)
TB-16 Towed Array
AN/SQR-19 Towed Array
ADC MK3 Countermeasure
TB-16 Array Module Test Set
TB-23 Array Module Test Set
Integrated Side Looking Sonar (ISLS)
Expendable Mine Destructor (EMD)
Low Frequency Active Towed Sonar (LFATS)
WLY-1, SSTD Sensors/Telemetry
Related spares, service, R&O, provisioning, engineering and technical
support, documentation and publications.
Engineering
Hybrids
Various Transducers
Fiber Optic Rotating Joint
ELAC Product List
Navigation Systems
Navigation Sounders
Echosounders type LAZ 5000, 4400 for depth measurement and recording.
Echosounder VE 59
Naval Depth Sounder acc. to military standards for surface ships and
submarines. Operating frequencies between 12 kHz and 1 MHZ. For submarines
additional Sound Velocity Measurement Bases with or without Temperature
Sensor and CTD-Sensors (conductivity, temperature, depth) to compute
density, salinity and sound velocity.
Fog Horns
Foghorns designed for stationary application at the coast or on off-shore
platforms, available in directional and non-directional version.
Hydrographic Sounding Systems
Dual-Frequency Echosounders LAZ 4400/20
LAZ 4400 is a dual-frequency echograph with integrated LCD-display
including digital depth information for multi-purpose application, i.e.
navigation, fishery and survey. Its successor, the LAZ 4420, offers two
echosounders in one housing, each operating completely independently via
its own transmitter and transducer.
Hydrographic Survey Sounder LAZ 4700
LAZ 4700 is ELAC's state-of-the-art graphic echosounder for all types of
hydrographic survey. It provides a choice of frequencies, transducers,
transmitters, precision digitizers and other peripheral equipment. While
suited for stand-alone use it has been designed to form the basis of an
integrated computer-based survey system.
Hydrographic Survey System LAZ 4721
LAZ 4721 is an integrated dual-frequency system (at customer choice, from
12 kHz up to 200 kHz) comprising Echosounder LAZ 4700 and Digitizer STG
721, including two digital displays.
Multibeam Mapping System BOTTOMCHART and HDP 4061
The BOTTOMCHART multibeam mapping system is used for commercial and
scientific applications and offers real-time wide area bathymetry together
with facilities for onboard post-processing. Collected data are used to
create a digital terrain model. Graphic output is provided with the
Hydrographic Data Processing Software System HDP 4061 on a high resolution
color monitor and on color printers/plotter which offer real-time output
in the form of a bicolor, ship centered contour chart. Processing of
measured data is performed on a high performance computer which allows
production of depths charts having already undergone corrections for
position, speed, heave, roll and pitch. Additionally the HDP 4061 provides
extensive data analysis and graphic presentation, for example presentation
of Variance, Density, Heave, Roll, Pitch and Runtime.
Navigation System ONCOURSE
ONCOURSE is designed as central operating software for an integrated
survey system. Main features are: cruise planning, track steering
(autopilot interface), calculation of optimum position, acquisition and
storage of navigation data from different sources, heave/roll/pitch and
depth, acquisition of sound velocity depth, and graphical presentation of
track charts, depth profiles, wrecks and other symbols.
SEACLASS
SEACLASS is a data acquisition and postprocessing software package for
sediment analysis according to the Echostrength Measuring Technique. The
most famous result of ELAC's efforts was the echostrength measuring unit
EMG II which SEACLASS now replaces. The system also provides
postprocessing capabilities for calculating different geophysical
parameters of the sediment and allows graphical output, e.g. sections,
coverage and track plot.
Sonar Systems and Components
Underwater Communication System UT 2000
A microprocessor-controlled communication system with integrated
EL-display for surface ships and submarines. Wide frequency range (from 1
- 60 kHz) and output power (from 0,03 to 300 W), sector and/or
omnidirectional operation, includes communication with divers. Operating
modes e.g. telephony, telegraphy, pinger, transponder, distance
measurement, noise monitoring, emergency mode.
Transducers, Hydrophones and other Wet-Ends
A wide range of transducers, hydrophones, baffles, special staves,
submarine cables, outboard connectors and pressure hull penetrators is
available for installation on submarines in Active-, Passive-,
HF-Intercept-, Passive Ranging-, Flank-Array Sonar Systems.
Sonar Systems
Passive-, HF-Intercept-, Passive Ranging- and Flank Array Sonars are
available as stand-alone systems or as components of integrated systems
such as SUBICS (Submarine Integrated Combat System) and ISAACS (Integrated
Sensor and Arms Control System).
Integrated Systems
Following integrated systems can be provided with teaming partners:
ISAACS: (Integrated Sensor and Armaments Control System)
Terma Elektronik AS
SUBICS: (Submarine Integrated Combat System)
Lockheed Martin Librascope, US
These integrated systems integrate data collection, monitoring and
processing as well as combat systems monitoring and control.
Low Frequency Active Sonar (LFAS)
A towed low frequency sonar for surface ships with high output level for
long range transmission. Remote controlled towed body and automatic
launching and handling system. LFAS is a part of the German ATAS,
Activated Towed Array System.
Navigation and Detection Sonar NDS 3070
A supplementary dual-frequency sonar for navigation, detection and
obstacle avoidance for use on board of submarines and surface ships. NDS
3070 is a small, microprocessor-controlled high resolution sonar with
color display and optional audio channel.
Diver Sonar
An active/passive sonar for divers with EL-display, search and display
sector 64 degrees, max. scale range 200 m, audio channel 1-50 kHz,
endurance max. 90 minutes, rechargeable NiCd-batteries.
Sonar Beacon Equipment SBE
An independent submarine emergency device system with its own power supply
that provides acoustic signals which enable rescue sonar systems to detect
and locate a submarine in distress situations. SBE is available as mono or
dual frequency system with different operating frequencies, pulse
repetition rates and pulse lengths.
UZG (SUBTAS for export)-Mobile Acoustic Underwater Target System
The Mobile Target UZG is a self-propelled underwater vehicle for fleet ASW
training. It is operated in open sea without instrumental range. The
system is capable of simulating a submarine's dynamic behavior relative to
its acoustic characteristics. ELAC has been awarded a development contract
by the BWB (Federal Office for Technology and Procurement) to develop the
UZG System. The two prototype systems have undergone trials by the German
Navy in a one year Operational Evaluation (OPEVAL). The production
contract for the German Armed Forces has been given to ELAC in 1997.
TOSO
The torpedo sonar components have been designed for the new German
heavy-weight torpedo DM2A3 to enhance acquisition capabilities.
TAU - Torpedo Countermeasure System
TAU is a soft-kill torpedo countermeasure system for submarines. TAU was
initiated by a feasibility study funded by the German Federal Office for
Technology and Procurement (BWB).
LCAW
LCAW is a low cost weapon for anti-submarine-warfare. ELAC as a member of
a team with STN (Vulkan Group) and Rheinmetall has successfully completed
the concept phase for a NATO programme. The development phase will start
in 1998. Serial production to be expected for 2001.
Mine Countermeasure Systems (MCM)
Multibeam BOTTOMCHART Mapping System
The BOTTOMCHART system can also be used as a MCM system.
Sediment Classifier System SEACLASS
SEACLASS, a fast Bottom Classifier System provides differentiated
information about structure and nature of upper soft and non-solidified
sediments as well as clear, high-contrast detection of buried objects with
different reflectivity from surrounding matter.
Buried objects detection system SEFAS
SEFAS, a fan beam system, enables a fast and extensive sweep of threatened
areas to detect and display objects buried in the seabed.
Services
Spare parts, service, R&O, provisioning, engineering and technical
support, and documentation and publications services are provided in connection
with the above referenced products.
Schedule 1.1(a) - Personal Property
The following documents, which have been delivered to Purchaser, are
incorporated by reference herein:
1. Schedule of Ocean Systems' Fixed Assets, dated September 30,
1997
2. Schedule of ELAC Fixed Assets dated September 30, 1997
Schedule 1.3(j) - Excluded Assets
Excluded Technology
Technical and Intellectual Property developed in connection with and
related to using sensors to detect occupant's position for passenger side air
bags is excluded from the sale.
Excluded Services
The following services are provided to Ocean Systems and ELAC by
AlliedSignal, and are not included in the sale:
Contracts and Business Development
Offset Administration
International Sales Representative
Administration
Legal Support Services
Export Control Administration
Government Relations through Allied
Signal's Washington, DC Government Relations
Office
Real estate Purchase and Sales Services
Public Relations Services
Letter of Credit Management
Operations/Purchasing
Metrology
Commodity Team Support Services (Limited)
Negotiation of Long Term Agreements (Limited)
Circuit Card Assemblies
Financial
Payroll Processing Including Check
Writing, Payroll Tax Submission and W-2 Processing
Income and Property Tax Return Services
Consolidating Financial Reporting System
Travel and Expense Processing Including American Express
Administration Risk Management Services
Fixed Property Accounting
System and Related Support
Walker General Ledger and Support Services
Walker Accounts Receivable System and Related Cash
Application Function
Credit and Collections Support
Treasury Services
Forward Pricing Rate Proposal Submissions to ACO
Government Compliance Support
Information Systems
Mainframe Computer Processing and Related Support
Essbase Server Resident in Tempe, AZ
MSMail Gateway
Enterprise-Wide Network
Electronic Data Interchange
Internet
Human Resources
PeopleSoft Human Resource Management System
Pension, Savings Plan and Benefits Management
Expatriate Employment Management
Schedule 4.6(a) -Intellectual Property
See also Schedule 4.6(c).
Patents and Patent Applications
Ocean Systems Patents
DEPLOYABLE SONAR ARRAY WITH INTERCONNECTED TRANSDUCERS OPERATED IN THE BENDING
MODE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4208738 17JE1980 GRANTED EXPIRES 01MY1998
TERMINATION AND METHOD OF TERMINATING ROPES OR CABLES OF ARAMID FIBER OR THE
LIKE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4184784 22JA1980 GRANTED EXPIRES 03JL1998
HYDRODYNAMIC CONFIGURATION FOR TOWED SUBMERSIBLE BODY
Country Number Date Status Substatus Date
----------------------------------------------------------------------
France 7836235 OIAP1985 GRANTED EXPIRES 22DE1998
Great Britain 2010764 17MR1982 GRANTED EXPIRES 14DE1998
West Germany P2855443.0 16JL1987 GRANTED EXPIRES 21DE1998
Japan 1401012 21FE1987 GRANTED EXPIRES 26DE1998
United States 4173195 06NO1979 GRANTED EXPIRES 27DE1997
COLLET TYPE CYLINDER SEPARATION DEVICE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4120519 17OC1978 GRANTED EXPIRES 03OC1997
SPHERICAL VEHICLE FOR OPERATION IN A FLUID MEDIUM
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4377982 29MR1983 GRANTED EXPIRES 29MR2000
PRESSURE-COMPENSATED ACCELERATION INSENSITIVE HYDROPHONE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 860012 12DE1977 SECRECY ORDER
HYDRODYNAMIC CONFIGURATION FOR UNDERWATER VEHICLE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 226314 19JA1983 SECRECY ORDER
DELAY LINE TIME COMPRESSION CORRELATION CIRCUIT
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4270180 26MY1981 GRANTED EXPIRES 09NO1999
FISH COUNTER WITH SCANNING TRANSDUCER
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Canada 1129981 17AU1982 GRANTED EXPIRES 17AU1999
United States 4225951 30SE19S0 GRANTED EXPIRES 05FE1999
WHEEL SPEED SIGNAL- PRODUCING SYSTEM FOR SKID CONTROL
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4267575 12MY1981 GRANTED EXPIRES 09JLI999
CABLE CONSTRUCTION
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Great Britain 2056157 13AP1983 GRANTED EXPIRES 21JL2000
West Germany P3028113.1 18OC1990 GRANTED EXPIRES 24JL2000
Japan 1486221 14MR1989 GRANTED EXPIRES 08AU2000
United States 4250351 10FE1981 GRANTED EXPIRES 08AU1999
PROPULSION SYSTEM FOR AN UNDERWATER VEHICLE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4424042 03JA1984 GRANTED EXPIRES 23JL2001
CONNECTOR FOR SMALL DIAMETER ELONGATED SONAR ARRAYS
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4304456 08DE1981 GRANTED EXPIRES 10DE1999
CONNECTOR FOR ELONGATED UNDERWATER TOWED ARRAY
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4346954 31AU1982 GRANTED EXPIRES 31AU1999
FUNNEL CONSTRUCTION FOR A DIPPING SONAR
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 43887091 4JE1983 GRANTED EXPIRES 19JA2001
SONAR TRANSCEIVER SYSTEM AND METHOD
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4442513 10AP1984 GRANTED EXPIRES 05FE2002
SALMON COUNTER WITH SEPARATE KING SALMON TABULATOR
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Canada 1194976 08OC1985 GRANTED EXPIRES 08OC2002
TUNED CIRCUIT & METHOD FOR SONAR BEAM PATTERN OPTIMIZATION
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 5309410 03MY1994 GRANTED EXPIRES 03MY2011
CONSTRUCTION AND METHOD FOR ELONGATED TOWED UNDERWATER SONAR ARRAY
Country Number Date Status Substatus Date
----------------------------------------------------------------------
France EP0113623 07SE1988 GRANTED EXPIRES 15DE2003
Great Britain EP0113623 07SE1988 GRANTED EXPIRES 15DE2003
West Germany P3377954.6 07SE1988 GRANTED EXPIRES 15DE2003
Japan 1727441 19JA1993 GRANTED EXPIRES 27DE2003
United States 4538250 27AU1985 GRANTED EXPIRES 27DE2002
DIGITAL DRIVE SYSTEM FOR PULSE WIDTH MODULATED POWER CONTROL
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Great Britain EP0187282 17MR1993 GRANTED EXPIRES 09DE2005
West Germany P3587191.1 17MR1993 GRANTED EXPIRES 09DE2005
Italy EP0187282 17MR1993 GRANTED EXPIRES 09DE2005
United States 4613933 23SE1986 GRANTED EXPIRES 07JA2005
EXPANDABLE SONAR ARRAY STRUCTURE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
France EP0580808 08JA1997 GRANTED EXPIRES 15AP2012
Great Britain EP0580808 08JA1997 GRANTED EXPIRES 15AP2012
Germany EP0580808 08JA1997 GRANTED EXPIRES I5AP2O12
Italy EP0580808 08JA1997 GRANTED EXPIRES 15AP2012
Japan 510286/92 15AP1992 FILED
United States 5091892 25FE1992 GRANTED EXPIRES 25FE2009
SYSTEM FOR DEPLOYING AN ARRAY OF SONAR PROJECTORS
Country Number Date Status Substatus Date
----------------------------------------------------------------------
France EP0205740 29JA1992 GRANTED EXPIRES 17FE2006
Great Britain EP0205740 29JA1992 GRANTED EXPIRES 17FE2006
West Germany P3683692.3 29JA1992 GRANTED EXPIRES 17FE2006
Italy EP0205740 29JA1992 GRANTED EXPIRES 17FE2006
Japan 2017615 19FE1996 GRANTED EXPIRES 28MR2006
United States 4725988 16FE1988 GRANTED EXPIRES 28MR2005
HELRAS MECHANICAL CONFIGURATION AND HYDRAULIC DRIVE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 758909 25JL1985 SECRECY ORDER
ELONGATED RETAINING AND ELECTROMAGNETIC SHIELDING MEMBER FOR A TOWED UNDERWATER
ACOUSTIC
ARRAY
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4636998 13JA1987 GRANTED EXPIRES 27AU2002
POLYURETHANE HEAT FORM AND BONDING OF CABLE JACKETS
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4533418 06AU1985 GRANTED EXPIRES 21SE2004
VIBRATION ISOLATION MODULE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4628851 16DE1986 GRANTED EXPIRES 24DE2004
SELF THREADING CAPSTAN DRIVE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4634102 06JA1987 GRANTED EXPIRES 23DE2005
ELECTRICAL TILT SWITCH
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4628160 O9DE 1986 GRANTED EXPIRES 28OC2005
UNDERWATER TRANSDUCER
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Australia 590050 22FE1990 GRANTED EXPIRES 23FE2007
France EP0243591 14AP1993 GRANTED EXPIRES 09FE2007
Great Britain EPO243591 14AP1993 GRANTED EXPIRES 09FE2007
West Germany P3785384.8 14AP1993 GRANTED EXPIRES 09FE2007
Italy EP0243591 14AP1993 GRANTED EXPIRES 09FE2007
Japan 2033626 19MR1996 GRANTED EXPIRES 30AP2007
Netherlands EP0243591 14AP1993 GRANTED EXPIRES 09FE2007
United States 4764907 16AU1988 GRANTED EXPIRES 30AP2006
FLEXURAL DISK TRANSDUCER
Country Number Date Status Substatus Date
----------------------------------------------------------------------
France EP0265679 22JL1992 GRANTED EXPIRES 28SE2007
Great Britain EPO265679 22JL1992 GRANTED EXPIRES 28SE2007
West Germany P37805592 22JL1992 GRANTED EXPIRES 28SE2007
Italy EPO265679 22JL1992 GRANTED EXPIRES 28SE2007
Japan 2579173 07NO1996 GRANTED EXPIRES 28OC2007
United States 4709361 24NO1987 GRANTED EXPIRES 30OC2006
CABLE WIPER
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4845683 04JL1989 GRANTED EXPIRES 16OC2006
UNDERWATER SONAR ARRAY
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4901287 13FE1990 GRANTED EXPIRES 28MR2008
FIBER OPTIC SENSOR
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Eur. Patent Cony. 94112474.5 10AU1994 FILED
United States 5359445 25OC1994 GRANTED EXPIRES 25OC2011
LEVEL WIND SYSTEM
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4795108 03JA1989 GRANTED EXPIRES 17SE2007
MARINE ACOUSTIC AEROBUOY AND METHOD OF OPERATION
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 5060206 22OC1991 GRANTED EXPIRES 25SE2010
PISTON & DRUM DRIVE SYSTEM
Country Number Date STATUS Substatus Date
----------------------------------------------------------------------
Canada 2069494-7 07NO 1990 FILED
France EP0505437 16MR1994 GRANTED EXPIRES 07NO2010
Great Britain EP0505437 16MR1994 GRANTED EXPIRES 07NO2010
Germany P69007492.1 16MR1994 GRANTED EXPIRES 07NO2010
Italy EP0505437 16MR1994 GRANTED EXPIRES 07NO2010
Japan 501453/91 07NO1990 FILED
United States 4973893 27NO1990 GRANTED EXPIRES 12DE2009
SHOCK RESISTANT FLEXTENSIONAL TRANSDUCER
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Canada 2007096 04JA 1990 FILED
France 9001617 12FE1990 FILED
Great Britain 2303760 03JE 1997 GRANTED EXPIRES 04JA2010
United States 5497357 05MR1996 GRANTED EXPIRES 05MR2013
HYDRODYNAMIC CONFIGURATION FOR UNDERWATER VEHICLE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4919066 24AP1990 GRANTED EXPIRES 19JA2009
FIBER OPTIC ROTARY JOINT
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Canada 2107878 25MR1992 FILED
France EP0582639 08JA1997 GRANTED EXPIRES 25MR2012
Great Britain EP0582639 08JA1997 GRANTED EXPIRES 25MR2012
Germany P692166032 08JA1997 GRANTED EXPIRES 25MR2012
United States 5078466 07JA1992 GRANTED EXPIRES 19AP2011
LOW FREQUENCY SONAR PROJECTOR AND METHOD
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Australia 664961 07JEI996 GRANTED EXPIRES 04MY2013
France EP0640020 13MR1996 GRANTED EXPIRES 04MY2013
Great Britain EP0640020 13MR1996 GRANTED EXPIRES 04MY2013
Germany P69301819.4 13MR1996 GRANTED EXPIRES 04MY2013
Italy EP0640020 13MR1996 GRANTED EXPIRES 04MY2013
Japan 503624/94 04MY1993 FILED
FIBER OPTIC ROTARY JOINT
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 5450509 12SE1995 GRANTED EXPIRES 26JL2014
IMPROVED SENSORS BASED ON STRETCH-DENSIFIED MATERIALS
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 000000 29MY1997 FILED
DIGITAL HOMODYNE PROCESSING SYSTEM
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4280202 21JL1981 GRANTED EXPIRES 3lOC1999
CAGE-ENHANCED SENSORS
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 08/617529 15MR1996 FILED
ELAC Patents
ELECTRO ACOUSTIC TARGET SEARCHING SYSTEM FOR TORPEDOES
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Great Britain 2265218 22SE1993 GRANTED EXPIRES 05NO2001
United States 5341347 23AU1994 GRANTED EXPIRES 23AU2011
ECHO-SOUNDING APPARATUS
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Canada 1210129 19AU1986 GRANTED EXPIRES 19AU2003
SOFT PROTECT LAYER FOR SOUND TRANSDUCER
Country Number Date Status Substatus Date
----------------------------------------------------------------------
West Germany P3422206.5 10SE1987 GRANTED EXPIRES 15JE2004
TUBE-LIKE ELECTROACOUSTIC TRANSDUCER
Country Number Date Status Substatus Date
----------------------------------------------------------------------
France 8708243 24DE1993 GRANTED EXPIRES 12JE2007
West Germany P3620085.9 10MR1994 GRANTED EXPIRES 14JE2006
United States 4823327 18AP1989 GRANTED EXPIRES 01JE2007
ACOUSTIC SIMULATION OF UNDERWATER TARGET
Country Number Date Status Substatus Date
----------------------------------------------------------------------
West Germany P3809900.4 11JA1989 GRANTED EXPIRES 24MR2008
PAT#P3809900.4 UNDER SECRECY ORDER
BROAD BAND OMNIDIRECTIONAL ELECTROACOUSTIC TRANSDUCER
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Canada 1310739 24NO1992 GRANTED EXPIRES 24NO2009
West Germany P3812244.8 09NO1989 GRANTED EXPIRES 13AP2008
Italy 1231754 21DE1991 GRANTED EXPIRES 13AP2009
Norway 171700 11JA1993 GRANTED EXPIRES 12AP2009
United States 4916675 10AP1990 GRANTED EXPIRES 01MY2009
DIVER SONAR MONITOR
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Canada 1330587 05JL1994 GRANTED EXPIRES 05JL2011
France EPO345718 15DE1993 GRANTED EXPIRES 06JE2009
Great Britain EPO345718 15DE1993 GRANTED EXPIRES 06JE2009
Italy EP0345718 15DE1993 GRANTED EXPIRES 06JE2009
Norway 174826 13JL1994 GRANTED EXPIRES 08JE2009
UNDERWATER DIRECTION FINDING
Country Number Date Status Substatus Date
----------------------------------------------------------------------
France EP0355669 06AP1994 GRANTED EXPIRES 16AU2009
Great Britain EP035S669 06AP1994 GRANTED EXPIRES 16AU2009
Italy EP0355669 06AP1994 GRANTED EXPIRES 16AU2009
Norway 173528 22DE1993 GRANTED EXPIRES 18AU2009
Spain EPO355669 06AP1994 GRANTED EXPIRES 16AU2009
DEFENSE AGAINST TORPEDO ATTACK
Country Number Date Status Substatus Date
----------------------------------------------------------------------
West Germany P3914248.5 29AP1989 SECRECY ORDER
DIGITAL BEAM FORMER
Country Number Date Status Substatus Date
----------------------------------------------------------------------
West Germany P3920705.6 23MY1991 GRANTED EXPIRES 24JE2009
PROTECTION CIRCUIT FOR TRANSDUCER
Country Number Date Substatus Date
----------------------------------------------------------------------
West Germany P3939398.4 24JA1991 GRANTED EXPIRES 29NO2009
DEFENSE AGAINST TORPEDO ATTACK FROM BACKSIDE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
West Germany P4010475.3 11MR1993 GRANTED EXPIRES 31MR2010
DETERMINATION OF PULSE LENGTH OF ACOUSTIC SIGNALS
Country Number Date Status Substatus Date
----------------------------------------------------------------------
West Germany P4013684.1 07AP1994 GRANTED EXPIRES 28AP2010
Japan 96665/91 26AP1991 FILED
Norway 91.1671 26AP1991 FILED
United States 5132691 21JL1992 GRANTED EXPIRES 24AP2011
NOISE SUPPRESSION FOR THE INPUT SIGNAL OF SONAR SYSTEMS
Country Number Date Status Substatus Date
----------------------------------------------------------------------
West Germany P4017849.8 12MR1992 GRANTED EXPIRES 02JE2010
ELECTROACOUSTIC TRANSDUCER WITH REDUCED BUNDLING
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Denmark 1539/91 02SE1991 FILED
West Germany P4027949.9 20AU1992 GRANTED EXPIRES 04SE2010
SONAR BUOY WITH DRAG CHAIN
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Germany P4039031.4 24MR1994 GRANTED EXPIRES 07DE2010
PASSIVE ACOUSTICAL CAMOUFLAGE MEANS FOR UNDERWATER BODIES
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Germany P4131991.5 18AU1992 GRANTED EXPIRES 26SE2011
PAT# P4131991.5 UNDER SECRECY ORDER
SONAR TRANSDUCER
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Denmark EP0524371 11AU1994 GRANTED EXPIRES 20MR2012
France EP0524371 11AU1994 GRANTED EXPIRES 20MR2012
Great Britain EP0524371 11AU1994 GRANTED EXPIRES 20MR2012
Germany P69200439.4 11AU1994 GRANTED EXPIRES 20MR2012
Italy EP0524371 11AU1994 GRANTED EXPIRES 20MR2012
Netherlands EP0524371 11AU1994 GRANTED EXPIRES 20MR2012
Sweden EP0524371 11AU1994 GRANTED EXPIRES 20MR2012
OWNED BY THE KILDARE CORPORATION ACCORDING TO A LICENSE AGREEMENT BETWEEN THE
KILDARE CORPORATION, 95 TRUMBULL STREET. SUITE D NEW LONDON, CT 06320-5595 &
ALLIEDSIGNAL ELAC NAUTIK GmbH.
SONAR SYSTEM TEST APPARATUS
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Germany P4213121.9 21APP1992 FILED
METHOD AND CIRCUITRY FOR DETERMINING THE BEGINNING OF ECHO PULSES
Country Number Date Status Substatus Date
----------------------------------------------------------------------
France 9400492 18OC1996 GRANTED EXPIRES 18JA2014
Great Britain 2274560 11SE1996 GRANTED EXPIRES 29DE2013
Germany P4301341.4 21OC1993 GRANTED EXPIRES 20JA2013
United States 5436580 25JL199S GRANTED EXPIRES 30DE2013
INTERCONNECTION OF UNDERWATER TRANSDUCER ARRAY
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Germany P4307843.5 19MY1994 GRANTED EXPIRES 12MR2013
PATENT TITLE: UNKNOWN
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Germany P4323212.4 12MR1993 FILED
ANTI-SEA MINE EFFECTOR
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Germany P4323904.8 16JL1993 FILED
JOINTLY OWNED BY ALLIEDSIGNAL ELAC NAUTIK GmbH AND DIEHL GmbH.
UNDERWATER TARGET LOCALIZER
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Eur. Patent Cony. 94112749.0 16AU1994 FILED
Germany P4327841.8 09MR1995 GRANTED EXPIRES 19AU2013
METHOD FOR LOCALIZING AND SWEEPING OF SEA MINES
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Eur. Patent
Cony. 95925762.7 26JE1995 FILED
Germany P4423235.7 02JL1994 FILED
Pat. Coop.
Treaty PCT/EP95/02476 26JE 1995 FILED
United States 000000 26JE 1995 FILED
ECHO SIGNAL STACK CIRCUIT
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Canada 1095162 03FE1981 GRANTED EXPIRES 03FE1998
ECHO-SOUNDING RECORDER WITH DIFFERENT DEPTH MEASURING RANGES
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4104643 01AU1978 GRANTED EXPIRES 20JL1997
ABRASION PROTECTION SHIELD FOR ECHO SOUNDER
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Norway 145594 21AP1982 GRANTED EXPIRES 07JL1998
RECEIVER CIRCUIT FOR AN ECHO-SOUNDING SYSTEM
Country Number Date Status Substatus Date
----------------------------------------------------------------------
United States 4245332 13JA1981 GRANTED EXPIRES 12AP1999
DIVER SONAR MONITOR
Country Number Date Status Substatus Date
----------------------------------------------------------------------
West Germany P58906406.1 15DE1993 GRANTED EXPIRES 06JE2009
UNDERWATER DIRECTION FINDING
Country Number Date Status Substatus Date
----------------------------------------------------------------------
West Germany P58907386.9 06AP1994 GRANTED EXPIRES 16AU2009
APPARATUS FOR ULTRA-SOUND TREATMENT OF FLOWING LIQUID
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Great 96221170.0 24OC1996 FILED
Germany 19541417.9 11NO199S FILED
PROGRAMMABLE PLL OSCILLATOR
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Germany P19625970.3 28JE1996 FILED
ELECTRONIC FUNCTION GENERATOR USING A STATUS ENGINE
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Germany P19632553.6 13AU1996 FILED
BEAM FORMING METHOD FOR DIRECTION FINDING SYSTEMS
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Germany P19648327.1 22NO1996 FILED
SHOCK ABSORBING BEARING FOR GEAR WHEELS
Country Number Date Status Substatus Date
----------------------------------------------------------------------
Germany P19652143.2 14DE1996 FILED
Trademarks, Copyrights and Trade Names
Trademarks - Ocean Systems
AlliedSignal holds no registered trademarks for Ocean Systems, but the
following product names and acronyms may be subject to certain usage
rights and protections afforded under common law:
Common Law
Product Name Trademark
------------ ---------
Helicopter Long Range Sonar HELRAS
Low Frequency Active Dipping Sonar LFADS
Shipboard HELRAS SHELRAS
Expendable Mine Detector EMD
Light Minehunting Sonar LMHS
Integrated Side Looking Sonar ISLS
Low Frequency Active Towed Sonar LFATS
ASW Systems Trainer AST
Trademarks - ELAC
ELAC holds the following registered trademarks:
Country Registration No. Trademark
------- ---------------- ---------
Germany 1051300 Hydrostar
International(1) 480581 Hydrostar
Germany 989375 ELAC (black letters on white background)
International(2) 458578 ELAC (black letters on white background)
Germany 1006999 ELAC (black letters on white background)
International(2) 458579 ELAC (black letters on white background)
----------
(1) for Belgium, Luxembourg, Netherlands, France and Italy
(2) for Egypt, Algeria, Belgium, Luxembourg, Netherlands, Spain, France,
Italy, Morocco, Slowenia, Croatia, Yugoslavia, Macedonia, Romania,
Russia, Kazakstan, Belorus, Ukrainia, Ouzbekistan, Vietnam
Intellectual Property Agreements
License and Technical Assistance Agreements. between AlliedSignal and:
ELAC, dated July 18, 1995
Compagnia Generale Di Elettricita, dated December 1, 1970
Aero International, Inc., dated April 26, 1996, and amendment dated
June 10, 1997 Mitsubishi Heavy Industries, Ltd., dated February 2,
1989
Manufacturing License Agreement, between AlliedSignal and:
Aeronautica Industrial, S.A., dated July 16, 1990
Technical Assistance and Manufacturing License Agreement, between ELAC
and:
The Kildare Corporation, dated March 15, 1993
Software Licenses - Ocean Systems
· Download Table
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------------------------------------------------------------------------------------
VAX - General/Utilities
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Micro Tech
CIQBA 2.8 INC. VAX/VMS X
------------------------------------------------------------------------------------
ACCESS
2020 3.02.13 TECH VAX/VMS X
------------------------------------------------------------------------------------
ADA 2.3 DIGITAL VAX/VMS X
------------------------------------------------------------------------------------
Support Provided by:
Local
System/Application Version Vendor Platform Infrastructure App. Support
-------------------------------------------------------------------------------
BASE-VMS 5.5-2 DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
BASIC 3.5 DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
C 3.1 DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
CDD S DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
CDD - PLUS DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
CMS 3.5-05 DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
COBOL DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
DBMS 4.3 DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
DSNLINK 1.2B DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
DTM 3.3 DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
DTR 6 DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
DECnet (end node) 5.5-2 DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
DECnet (routing node) 5.5-2 DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
DEC Windows MOTIF 1.2-4 DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
FMS DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
FORTRAN DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
GKS DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
LSE DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
MMS DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
RDB DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
RDB-RUNTIME DIGITAL VAX/VMS X
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SNA-3270-DSPI DIGITAL VAX/VMS X
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SNA-3270-TE DIGITAL VAX/VMS X
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SNA-PRE DIGITAL VAX/VMS X
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SNA-RJE DIGITAL VAX/VMS X
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SNA-VMS DIGITAL VAX/VMS X
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SSU DIGITAL VAX/VMS X
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STRIPING DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
UCX DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
VAXCLUSTER DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
VMS-USER DIGITAL VAX/VMS X
-------------------------------------------------------------------------------
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----------------------------------------------------------------------------------
VOLSHAD DIGITAL VAX/VMS X
----------------------------------------------------------------------------------
VAX - CONTROL Manufacturing and Associated Software
----------------------------------------------------------------------------------
Accounting 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Accounts Payable 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Accounts Receivable 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Bill Of Material 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Cost Accounting 7.3 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Engineering Config. 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Order Management System 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Inventory Control 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Master Production
Scheduling 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
MRP 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Order Entry Custom In-house VAX/VMS X
----------------------------------------------------------------------------------
Project Accounting 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Purchasing 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Shop Floor Control 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Purchase Part and Quote 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Soft Pegging Custom In-house VAX/VMS X
----------------------------------------------------------------------------------
Interfaces Custom In-house VAX/VMS X
----------------------------------------------------------------------------------
Control Link 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
DCLS Custom In-house VAX/VMS X
----------------------------------------------------------------------------------
MANTIS User BRP/BRP 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
Spectra Custom 7.2.2 Cincom VAX/VMS X
----------------------------------------------------------------------------------
QRW 7 Cincom VAX/VMS X
----------------------------------------------------------------------------------
PC NT Servers
----------------------------------------------------------------------------------
MMTA Microsoft NT X
----------------------------------------------------------------------------------
MSMAIL Microsoft NT/W95 X
----------------------------------------------------------------------------------
DNS Microsoft NT X
----------------------------------------------------------------------------------
WINS Microsoft NT X
----------------------------------------------------------------------------------
DHCP Microsoft NT X
----------------------------------------------------------------------------------
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------------------------------------------------------------------------------------------
Internet Information Server Microsoft NT X
------------------------------------------------------------------------------------------
McAfee Anti Virus McAfee NT/W95 X
------------------------------------------------------------------------------------------
ArcServer Cheyenne NT X
------------------------------------------------------------------------------------------
Remote Access (RAS) Microsoft NT X
------------------------------------------------------------------------------------------
Remote Mail Microsoft NT X
------------------------------------------------------------------------------------------
System Management Server Microsoft NT X
------------------------------------------------------------------------------------------
NetBoy Suite NDG SW NT X
------------------------------------------------------------------------------------------
VAX - Database / SW Development
------------------------------------------------------------------------------------------
SQL*Forms 3 Oracle VAX/VMS X
------------------------------------------------------------------------------------------
Developer/2000 Forms 45 Oracle VAX/VMS X
------------------------------------------------------------------------------------------
Developer/2000 Reports 2.5 Oracle VAX/VMS X
------------------------------------------------------------------------------------------
Oracle Enterprise Manager 1.2.2 Oracle Windows95 X
------------------------------------------------------------------------------------------
Oracle SQL*Net 2.3.2.1.3 Oracle VMS/W95 X
------------------------------------------------------------------------------------------
Oracle Server Manager 2.0.3.1 Oracle VAX/VMS X
------------------------------------------------------------------------------------------
Oracle SQL*Plus 3.1 Oracle Windows95 X
------------------------------------------------------------------------------------------
Oracle SQL*Plus 3.1.3.5.1 Oracle VAX/VMS X
------------------------------------------------------------------------------------------
Airborne Sonar R&O Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
Applicant Flow Log Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
Auto Stock Withdrawal Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
Automatic Carousel Custom In-house VAX/VMS X
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Substitute Part List Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
Customer Inquiry Tracking Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
DCMC Inspection System Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
Discrepancy Reporting Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
Drawing Info System Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
Estimating System Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
Failure and R&O Reporting Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
Gov't Property Inventory Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
Job Scheduler Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
KITPRINT Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
Labor/Timekeeping Custom In-house VAX/VMS X
------------------------------------------------------------------------------------------
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Support Provided by:
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----------------------------------------------------------------------------------------
Lost Time Tracking Custom In-house VAX/VMS X
----------------------------------------------------------------------------------------
Maint. Work Request Custom In-house VAX/VMS X
----------------------------------------------------------------------------------------
Payroll Timecard Entry Custom In-house VAX/VMS X
----------------------------------------------------------------------------------------
Personnel Info System Custom In-house VAX/VMS X
----------------------------------------------------------------------------------------
P&D Request System Custom In-house VAX/VMS X
----------------------------------------------------------------------------------------
Procedure Master Index Custom In-house VAX/VMS X
----------------------------------------------------------------------------------------
Workstream Product Load Custom In-house VAX/VMS X
----------------------------------------------------------------------------------------
Production Scheduling Custom In-house VAX/VMS X
----------------------------------------------------------------------------------------
Proms/Pals Custom In-house VAX/VMS X
----------------------------------------------------------------------------------------
Rec Inspection Requests Custom In-house VAX/VMS X
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Repair & Overhaul System Custom In-house VAX/VMS X
----------------------------------------------------------------------------------------
Risk Analysis/Control Plan Custom In-house VAX/VMS X
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SSR System Custom In-house VAX/VMS X
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Tooling System Custom In-house VAX/VMS X
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TQM Custom In-house VAX/VMS X
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Wire list System Custom In-house VAX/VMS X
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PC Desktop
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Windows 95 Microsoft NT/W95 X
----------------------------------------------------------------------------------------
PVCS 5.01 PVCS NT/W95 X
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MSExcel 7 Microsoft NT/W95 X
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MS Word 7 Microsoft NT/W95 X
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MsPowerpnt 7 Microsoft NT/W95 X
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MSSchedule Plus 7 Microsoft NT/W95 X
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MS WinProject 4 Microsoft NT/W95 X
----------------------------------------------------------------------------------------
MSAccess 2 Microsoft NT/W95 X
----------------------------------------------------------------------------------------
MSAccess 7 Microsoft NT/W95 X
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MSExchange Microsoft NT/W95 X
----------------------------------------------------------------------------------------
MSProject 4 Microsoft NT/W95 X
----------------------------------------------------------------------------------------
Designer 4.1 Micrografix NT/W95 X
----------------------------------------------------------------------------------------
MathCAD 6 MathCAD NT/W95 X
----------------------------------------------------------------------------------------
Visio 4 Visio NT/W95 X
----------------------------------------------------------------------------------------
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Support Provided by:
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Photo Magic 1 Micrografix NT/W95 X
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Corel 4 Corel NT/W95 X
------------------------------------------------------------------------------------------
ABCFlowcharter Micrografix NT/W95 X
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Acrobat 3 Adobe NT/W95 X
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Netscape 3.01 Netscape NT/W95 X
------------------------------------------------------------------------------------------
COMIINS 3.1 Custom NT/W95 X
------------------------------------------------------------------------------------------
Peoplesoft 5.1 Peoplesoft NT/W95 X
------------------------------------------------------------------------------------------
NT 4 Microsoft NT/W95 X
------------------------------------------------------------------------------------------
Interleaf 6.1 Interleaf NT/W95 X
------------------------------------------------------------------------------------------
Visio Technical 4.5 Visio NT/W95 X
------------------------------------------------------------------------------------------
ASPPP97 3 Corporate NT/W95 X
------------------------------------------------------------------------------------------
DOS 6.22 Microsoft NT/W95 X
------------------------------------------------------------------------------------------
AutoCAD 13 AutoDesk NT/W95 X
------------------------------------------------------------------------------------------
AutoCAD 12 AutoDesk NT/W95 X
------------------------------------------------------------------------------------------
CADStar 2.2.2.4 AutoDesk NT/W95 X
------------------------------------------------------------------------------------------
DatalO (Futurenet) Futurenet NT/W95 X
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Windows 3.1 Microsoft NT/W95 X
------------------------------------------------------------------------------------------
Windows 3.11 Microsoft NT/W95 X
------------------------------------------------------------------------------------------
MS Word 6 Microsoft NT/W95 X
------------------------------------------------------------------------------------------
MSExcel 5 Microsoft NT/W95 X
------------------------------------------------------------------------------------------
MSPowerpnt 4 Microsoft NT/W95 X
------------------------------------------------------------------------------------------
HP Unix Desktop
------------------------------------------------------------------------------------------
oce3-2/ANSYS 5.3 ANSYS HP 9000 X
------------------------------------------------------------------------------------------
oce305/UGII 9.1 UGII HP 9000 X
------------------------------------------------------------------------------------------
oce306/ProE IS PTC HP9000 X
------------------------------------------------------------------------------------------
oce307/Mentor Graphics B.4 Mentor HP 9000 X
------------------------------------------------------------------------------------------
oce3l8/Intercap 7.83 Intercap HP 9000 X
------------------------------------------------------------------------------------------
oce319/interleaf 6 Interleaf HP 9000 X
------------------------------------------------------------------------------------------
oce322/IDEAS 5 SDRC HP 9000 X
------------------------------------------------------------------------------------------
IBM (Ocean Systems Specific)
------------------------------------------------------------------------------------------
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------------------------------------------------------------------------------------
Payroll Distr. (HP & SP) Custom Corporate IBM X
------------------------------------------------------------------------------------
Sun Unix Desktop
------------------------------------------------------------------------------------
SW Development VX-Works VX-Works X
------------------------------------------------------------------------------------
Signal Processing AP-Labs AP-Labs X
------------------------------------------------------------------------------------
GlobalLink Software Licenses
GlobalLink is an AlliedSignal corporate initiative that focused on
upgrading the desktop and server infrastructure and software at all divisions to
a common level of performance. These upgrades would allow AlliedSignal to roll
out corporate based software applications and economize on desktop support given
the common software / infrastructure.
Ocean Systems did not receive any hardware improvements from this
initiative. The division did receive, and is being charged, for software
products covered under GlobalLink umbrella. These software products include all
of the following (note that some of these products are not actually in use at
this division but are being assessed none the less):
o 32-bit Desktop Operating System o LANdesk (Electronic (NT or W95
Inventory Tool - NOT USED)
o Netscape o Microsoft Exchange (Email
o McAfee VirusScan Client Licenses - NOT USED)
o Netware 4.1 (Network Operating System o Attachmate (IBM Connectivity
-NOT USED) Tools)
o Managewise (Remote Desktop o Office97
Management Tool - NOT USED) o Server Tools
This software was purchased at $278 / seat in 1996 and is being amortized over
three-years ($74,319 per year).
If licenses were not part of the sale, the impact to Ocean Systems is as
follows:
o Little or no impact related to current desktop operating system as most
are already owned
o Requires procurement of replacement WEB tool (Netscape) and virus
protection (McAfee)
o Impact related to IBM connectivity would depend on new owner IBM access
requirements
o Future impact related to desktop upgrades (NT, Office97, Microsoft
Exchange)
Software Licenses - ELAC
Software at ELAC, current through November 6, 1997
------------------------------------------------------------
Program Provider Version License
------- -------- ------- -------
------------------------------------------------------------
Transcend 3Com 6.0 250
------------------------------------------------------------
Powerchut Plus APC 4.2.4 2
------------------------------------------------------------
ACAD AutoDesk 13 1
------------------------------------------------------------
ACAD AutoDesk 12 1
------------------------------------------------------------
C++ Borland 3.1 5
------------------------------------------------------------
Paradox Borland 1
------------------------------------------------------------
Pascal Borland 7.0 5
------------------------------------------------------------
Quatropro win Borland 1
------------------------------------------------------------
Arcserve Cheyenne 6.2 1
------------------------------------------------------------
Corel Draw Corel Corporation 5.0 10
------------------------------------------------------------
Corel Flow Corel Corporation 2.0 10
------------------------------------------------------------
Paisy GSI 3
------------------------------------------------------------
VPPS Infor 4.5 75
------------------------------------------------------------
Landesk VirusProtect001 Intel 3.01 1
------------------------------------------------------------
Landesk VirusProtect002 Intel 3.01 1
------------------------------------------------------------
Landesk VirusProtect003 Intel 3.01 1
------------------------------------------------------------
Landesk VirusProtect004 Intel 3.01 1
------------------------------------------------------------
Varial isb 2.7 10
------------------------------------------------------------
Side Meeter McAfee 50
------------------------------------------------------------
Cobol Microfocus 3.2 5
------------------------------------------------------------
Infonnix Microfocus 7.1 5
------------------------------------------------------------
Foxpro Dos Microsoft 2.0 5
------------------------------------------------------------
Foxpro Win Microsoft 2.5 5
------------------------------------------------------------
MS Access Microsoft 2.0 50
------------------------------------------------------------
MS-Mail Microsoft 3.2 150
------------------------------------------------------------
MS-Office Microsoft 4.2 50
------------------------------------------------------------
MS-Projekt Microsoft 4.0 15
------------------------------------------------------------
--------------------------------------------
Program Provider Version License
------- -------- ------- -------
--------------------------------------------
Windows 3.11 Microsoft 3.11 100
--------------------------------------------
Windows 95 Microsoft 4.00950 60
--------------------------------------------
Disc View Microtest 4.10a 1
--------------------------------------------
LanWorkplac Novell 16 5
--------------------------------------------
Manage Wise Novell 2.1 250
--------------------------------------------
Manage Wise Novell 2.1 5
--------------------------------------------
ManageWise Novell 2.1 5
--------------------------------------------
ManageWise Novell 2.1 5
--------------------------------------------
Netware00l Novell 4.1 75
--------------------------------------------
Netware002 Novell 4.1 50
--------------------------------------------
Netware003 Novell 4.1 50
--------------------------------------------
Netware004 Novell 4.1 250
--------------------------------------------
Netware100 Novell 3.12 2
--------------------------------------------
Netware101 Novell 4.1 2
--------------------------------------------
Orcad Orcad 4.0 6
--------------------------------------------
Easy-Archiv Recognita 2000 1
--------------------------------------------
Unix102 SCO 5
--------------------------------------------
PCNFS SunSelect 5.1 5
--------------------------------------------
Rumba SunSelect 4.0 2
--------------------------------------------
PCAnywhere Symantec 1
--------------------------------------------
PS-Gef Weka Verlag 2.1 1
--------------------------------------------
Confidentiality Agreements - Ocean Systems
· Enlarge/Download Table
----------------------------------------------------------------------------------------------------
Agreement Effective Term/ OS
Company Subject Number Date Expiry Contact
----------------------------------------------------------------------------------------------------
ADI Limited RAN ASSTASS SEA 11000 96-033 11/6/96 10 years A.J. Garber
----------------------------------------------------------------------------------------------------
ADI Limited Underwater Warfare Business 95-007 4/10/95 3
----------------------------------------------------------------------------------------------------
Aero International International Spares 95-010 3 years P.A. Boskovich
----------------------------------------------------------------------------------------------------
Agusta/Italy Quality Assurance Survey 4/28/97 1 year L. Daniels
----------------------------------------------------------------------------------------------------
Albion Group Intl. Inc. Hellenic Navy Offset 95-013 7/12/95 3 years J. Hall/L.
Daniels
----------------------------------------------------------------------------------------------------
· Enlarge/Download Table
--------------------------------------------------------------------------------------------------
Alliant Techsys. Seismic data 96-027 10/16/97 3 years A.J. Garber
--------------------------------------------------------------------------------------------------
Atlantic Aero
Elect Corp. Various 95-001 1/17/95 3 years A.J. Garber
--------------------------------------------------------------------------------------------------
Australian Defense
Industries Undersea Warfare Business 95-007 5/10/95 3 years K.D. Adams
--------------------------------------------------------------------------------------------------
Atlantic Aero
Elect. Corp. Foreign Integrated Sonar Suites 95-0 17 8/21/95 3 years A.J. Garber
--------------------------------------------------------------------------------------------------
AT&T Various Information 8/7/95 2 years D. Samsury
--------------------------------------------------------------------------------------------------
Babcock Intl. Sonar 2087 Feasibility Study 3/7/95 5 years J. Caughey
--------------------------------------------------------------------------------------------------
BBN US Navy 6152 97-0 15 5/30/97 1 year A.J. Garber
--------------------------------------------------------------------------------------------------
Cambridge Bank Ltd. Sonar Equip. Brazil/Peru 96-0 17 5/28/96 5 years V. Riehl
--------------------------------------------------------------------------------------------------
Celsius Tech Sys. Mine Counter Measurers 94-021 8/19/94 3 years L. Daniels
--------------------------------------------------------------------------------------------------
Celsius Tech Sys. Proprietary Info. 11/14/97 5 years J. Devine
--------------------------------------------------------------------------------------------------
Chesapeake Sciences TARS 95-0 18 8/28/95 3 years A.J. Garber
--------------------------------------------------------------------------------------------------
Chesapeake Sciences TB 16/BQ 10/18/94 4 years R. Tomlinson
--------------------------------------------------------------------------------------------------
Chevron Petroleum Bore Hole Seismic Multi Level 94-037 3/3/94 3 years A.J. Garber
Receiver
--------------------------------------------------------------------------------------------------
Computing Devices Maritime Helicopter 95-014 7/14/95 3 years J. Anderson
--------------------------------------------------------------------------------------------------
C-Tech Y52000 96-029 10/2/96 2 years J. Roscigno
--------------------------------------------------------------------------------------------------
DAF Special Products NH-90 96-006 2/15/96 3 years D. Webb
--------------------------------------------------------------------------------------------------
DRA Hunt Class Mid Life 11/22/96 1 year A.J. Garber
--------------------------------------------------------------------------------------------------
Defense Evaluation
Research Agency Defense Hunt Class Mid Life 11/27/96 1 year A.J. Garber
--------------------------------------------------------------------------------------------------
Devonport Management
Ltd. Sonar 2087/Type 23 Frigates 96-007 2/13/96 3 years A.J. Garber
--------------------------------------------------------------------------------------------------
Durodyne, Inc. Epichlorohydrin rubber compound 88-01 4/DA 5/1/88 10 years J. Andersen
--------------------------------------------------------------------------------------------------
Dynacon, Inc. LFATS Handling System 94-023 6/2/94 3 years A.J. Garber
--------------------------------------------------------------------------------------------------
E-Systems Montek Siesmic Receiving 95-012 6/28/95 3 years A.J. Garber
--------------------------------------------------------------------------------------------------
Electramotive TB16 Towed Array 11/12/93 3 years J. Proko
--------------------------------------------------------------------------------------------------
FIAR NH-90 96-005 1/18/96 3 years D. Webb
--------------------------------------------------------------------------------------------------
Fokker Aviation EMD 97-008 2/4/97 1 year S. McDonald
--------------------------------------------------------------------------------------------------
Greenblatt MCDV 95-004 3/27/95 3 years L. Daniels
--------------------------------------------------------------------------------------------------
Goldstar ATE 11/24/82 5 years B. Polaski
--------------------------------------------------------------------------------------------------
Geo Test Inc. AQS-18 Test Equipm 95-032 12/14/95 3 years L. Daniels
--------------------------------------------------------------------------------------------------
Hughes Naval Marine Airborne Sonar Sys. 96-026/1 5/13/97 2 years R. Husar
--------------------------------------------------------------------------------------------------
Hughes Naval Marine Surface Ship Programs 96-026 8/9/96 2 years R. Husar
--------------------------------------------------------------------------------------------------
· Enlarge/Download Table
-------------------------------------------------------------------------------------------------------
Hewlett Packard Weapons Replaceable Assy. Test Set 96-002 1/8/96 3 years L. Daniels
-------------------------------------------------------------------------------------------------------
Hollandse
Signaalapparten Alkmaar class mine counter 97-007 1/23/97 2 years S. McDonald
-------------------------------------------------------------------------------------------------------
Kaman Aerospace AQS-18 Dipping Sonar SH-2G 94-019 7/19/95 5 years L. Daniels
-------------------------------------------------------------------------------------------------------
Loral Canada Maritime Helicopter Program 7/29/95 10 years J. McDermott
-------------------------------------------------------------------------------------------------------
Lockheed Martin Canadian Remote Minehunting Sonar 95-024 12/19/95 3 years A.J. Garber
-------------------------------------------------------------------------------------------------------
Loral ASIC B2TC 5/28/95 10 years A.J. Garber
-------------------------------------------------------------------------------------------------------
Litton Sys. Acoustic Sensor Array Systems 5/24/96 5 years L. DiRienzo
-------------------------------------------------------------------------------------------------------
Northop Grumman Hybrids 95.020 9/15/95 3 years J.P. Andersen
-------------------------------------------------------------------------------------------------------
NUWC Wide-Band Omni Telemetry Sys. 10/31/96 A.J. Garber
-------------------------------------------------------------------------------------------------------
Optiphase Fiber Optic Technologies 96-003 1/10/96 3 years A.J. Garber
-------------------------------------------------------------------------------------------------------
Paulsson Geo
Svc. Inc. Boreholde Seismic Systems 11/22/96 1 year
-------------------------------------------------------------------------------------------------------
Penn State LELFAS 96-034 12/17/96 3 years V. Riehl
-------------------------------------------------------------------------------------------------------
Raytheon Electronics LFATS/Taiwan/Australian/Spanish 10/25/96 2 years V. Riehl
-------------------------------------------------------------------------------------------------------
Raytheon Electronics Y52000/Italian Navy ASW Frig 7/2/96 5 years
-------------------------------------------------------------------------------------------------------
STN Atlas Undersea Warfare Business 95-006 4/25/95 3 years K. Adams
-------------------------------------------------------------------------------------------------------
STN Atlas Australia ASSTASS LFAPS 2/11/97 1 year D. MacCulloch
-------------------------------------------------------------------------------------------------------
Signal Processing Sys. Norwegian Towed Array 97-014 5/23/97 3 years W. Tally
-------------------------------------------------------------------------------------------------------
Sikorsky Aircraft Job Shoppers 11/22/96 7 years D. Bennett
-------------------------------------------------------------------------------------------------------
Transfield Defense Sys. SEA 1000 Australian Surface Ship 8/6/96 10 years J. Winters
Towed
-------------------------------------------------------------------------------------------------------
3M Specialty Optical
Fibers Fiber Optic Technologies 95-029 11/30/95 3 years A.J. Garber
-------------------------------------------------------------------------------------------------------
Taiwan Int Standard S-70C Offset 96-010 5/11/96 5 years J. Corso/
Electronics Ltd. J. Winter
-------------------------------------------------------------------------------------------------------
Witten Technologies Mine Warfare 94-030 7/11/94 3 years A.J. Garber
-------------------------------------------------------------------------------------------------------
Whitehead Alenia
Sistemi Subacquci Undersea Warfare Business 95-003 4/27/95 3 years S. Schorer
-------------------------------------------------------------------------------------------------------
Confidentiality Agreements - ELAC
---------------------------------
95-01-01 Marimatek
95-01-02 SeaBeam
95-01-03 Qubit
95-01-04
95-01-05 Ultra Electronics
95-01-06 BASYS Marine Ltd.
95-01-07 BAeSEMA
95-01-08 Westinghouse
96-01-01 Evia
96-01-02 Mjellum & Carlson
96-01-03 Reson
96-01-04 Raytheon Anschutz
96-01-05 HDW
96-01-06 Elektro-Optik GmbH
97-01-01 SEPA
97-01-02
97-01-06 Sonatech
97-01-07 NautroniX
97-01-08 EdgeTech
97-01-09 Kongsberg
97-01-10 Camber Corp.
Schedule 4.6(c) - Licensed Intellectual Property
See also Intellectual Property expiration information contained in Schedule
4.6(a).
Intellectual Property to be Licensed to Purchaser
o Armour Cable for Airborne Dipping Sonar
o Impact Resistant, Lightweight, Composite Sonar Panels
o Improved Clutter Rejection Algorithms
o Lead Magnesium Niobate (PMN) Activer Sonar Source Material
US Patent No. 5,239,518
o Piezoelectric Ceramic Copolymer
US Patent Application No. 08/618690
o Autonomous Underwater Mine Hunting Algorithms
o Enhanced Thickness Piezoelectric Polymer/Ceramic Composite Active Transducer
Schedule 4.6(d) - Intellectual Property
The following Intellectual Property agreements may involve certain third
party rights.
License and Technical Assistance Agreements, between AlliedSignal and:
ELAC, dated July 18, 1995
Compagnia Generale Di Elettricita, dated December 1, 1970 Aero
International, Inc., dated April 26, 1996, and amendment dated June
10, 1997
Mitsubishi Heavy Industries, Ltd., dated February 2, 1989
Manufacturing License Agreement, between AlliedSignal and:
Aeronautica Industrial, S.A., dated July 16, 1990
Technical Assistance and Manufacturing License Agreement, between ELAC
and:
The Kildare Corporation, dated March 15, 1993
Confidentiality Agreements - Ocean Systems
· Enlarge/Download Table
Agreement Effective Term/ OS
Company Subject Number Date Expiry Contact
--------------------------------------------------------------------------------------------------------------
ADI Limited RAN ASSTASS SEA 11000 96-033 11/6/96 10 years A.J. Garber
--------------------------------------------------------------------------------------------------------------
ADI Limited Underwater Warfare Business 95-007 4/10/95 3
--------------------------------------------------------------------------------------------------------------
Aero International International Spares 95-010 3 years P.A. Boskovich
--------------------------------------------------------------------------------------------------------------
Agusta/Italy Quality Assurance Survey 4/28/97 1 year L. Daniels
--------------------------------------------------------------------------------------------------------------
Albion Group Intl. Inc. Hellenic Navy Offset 95-013 7/12/95 3 years J. Hall/L.
Daniels
--------------------------------------------------------------------------------------------------------------
Alliant Techsys. Seismic data 96-027 10/16/97 3 years A.J. Garber
--------------------------------------------------------------------------------------------------------------
Atlantic Aero Elect Corp. Various 95-001 1/17/95 3 years A.J. Garber
--------------------------------------------------------------------------------------------------------------
Australian Defense Industries Undersea Warfare Business 95-007 5/10/95 3 years K.D. Adams
--------------------------------------------------------------------------------------------------------------
Atlantic Aero Elect. Corp. Foreign Integrated Sonar Suites 95-017 8/21/95 3 years A.J. Garber
--------------------------------------------------------------------------------------------------------------
AT&T Various Information 8/7/95 2 years P. Saxnsury
--------------------------------------------------------------------------------------------------------------
Babcock Intl. Sonar 2087 Feasibility Study 3/7/95 5 years J. Caughey
--------------------------------------------------------------------------------------------------------------
BBN US Navy 6152 97-015 5/30/97 1 year A.J. Garber
--------------------------------------------------------------------------------------------------------------
Cambridge Bank Ltd. Sonar Equip. Brazil/Peru 96-017 5/28/96 5 years V. Riehl
--------------------------------------------------------------------------------------------------------------
Celsius Tech Sys. Mine Counter Measurers 94-021 8/19/94 3 years L. Daniels
--------------------------------------------------------------------------------------------------------------
Celsius Tech Sys. Proprietary Info. 11/14/97 5 years J.Devine
--------------------------------------------------------------------------------------------------------------
Chesapeake Sciences TARS 95-018 8/28/95 3 years A.J. Garber
--------------------------------------------------------------------------------------------------------------
Chesapeake Sciences TB16/BQ 10/18/94 4 years R.Tomlinson
--------------------------------------------------------------------------------------------------------------
· Enlarge/Download Table
--------------------------------------------------------------------------------------------------------------------
Chevron Petroleum Bore Hole Seismic Multi Level 94-037 3/3/94 3 years A.J. Garber
Receiver
--------------------------------------------------------------------------------------------------------------------
Computing Devices Maritime Helicopter 95-014 7/14/95 3 years J. Anderson
--------------------------------------------------------------------------------------------------------------------
C-Tech Y52000 96-029 10/2/96 2 years J. Roscigno
--------------------------------------------------------------------------------------------------------------------
DAF Special Products NH-90 96-006 2/15/96 3 years D. Webb
--------------------------------------------------------------------------------------------------------------------
DRA Hunt Class Mid Life 11/22/96 1 year A.J. Garber
--------------------------------------------------------------------------------------------------------------------
Defense Evaluation Research Agency Defense Hunt Class Mid Life 11/27/96 1 year A.J. Garber
--------------------------------------------------------------------------------------------------------------------
Devonport Management Ltd. Sonar 2087/Type 23 Frigates 96-007 2/13/96 3 years A.J. Garber
--------------------------------------------------------------------------------------------------------------------
Durodyne, Inc. Epichlorohydrin rubber compound 88-014/DA 5/1/88 10 years I. Andersen
--------------------------------------------------------------------------------------------------------------------
Dynacon, Inc. LFATS Handling System 94-023 6/2/94 3 years A.J. Garber
--------------------------------------------------------------------------------------------------------------------
E-Systems Montek Siesmic Receiving 95-012 6/28/95 3 years A.J. Garber
--------------------------------------------------------------------------------------------------------------------
Electramotive TB16 Towed Array 11/12/93 3 years J. Proko
--------------------------------------------------------------------------------------------------------------------
FIAR NH-90 96-005 1/18/96 3 years D. Webb
--------------------------------------------------------------------------------------------------------------------
Fokker Aviation EMD 97-008 2/4/97 1 year S. McDonald
--------------------------------------------------------------------------------------------------------------------
Greenblatt MCDV 95-004 3/27/95 3 years L. Daniels
--------------------------------------------------------------------------------------------------------------------
Goldstar ATE 11/24/82 5 years B. Polaski
--------------------------------------------------------------------------------------------------------------------
Geo Test Inc. AQS-18 Test Equipm 95-032 12/14/95 3 years L. Daniels
--------------------------------------------------------------------------------------------------------------------
Hughes Naval Marine Airborne Sonar Sys. 96-026/1 5/13/97 2 years R. Husar
--------------------------------------------------------------------------------------------------------------------
Hughes Naval Marine Surface Ship Programs 96-026 8/9/96 2 years R. Husar
--------------------------------------------------------------------------------------------------------------------
Hewlett Packard Weapons Replaceable Assy. Test Set 96-002 1/8/96 3 years L. Daniels
--------------------------------------------------------------------------------------------------------------------
Hollandse Signaalapparten Alkmaar class mine counter 97-007 1/23/97 2 years S. McDonald
--------------------------------------------------------------------------------------------------------------------
Kaman Aerospace AQS-18 Dipping Sonar SH-2G 94-019 7/19/95 5 years L. Daniels
--------------------------------------------------------------------------------------------------------------------
Loral Canada Maritime Helicopter Program 7/29/95 10 years I. McDermott
--------------------------------------------------------------------------------------------------------------------
Lockheed Martin Canadian Remote Minehunting Sonar 95-024 12/19/95 3 years A.J. Garber
--------------------------------------------------------------------------------------------------------------------
Loral ASIC B2TC 5/28/95 10 years A.J. Garber
--------------------------------------------------------------------------------------------------------------------
Litton Sys. Acoustic Sensor Array Systems 5/24/96 5 years L. DiRienzo
--------------------------------------------------------------------------------------------------------------------
Northop Grumman Hybrids 95-020 9/15/95 3 years J.P. Andersen
--------------------------------------------------------------------------------------------------------------------
NUWC Wide-Band Omni Telemetry Sys. 10/31/96 A.J. Garber
--------------------------------------------------------------------------------------------------------------------
Optiphase Fiber Optic Technologies 96-003 1/10/96 3 years A. 3. Garber
--------------------------------------------------------------------------------------------------------------------
Paulsson Geo Svc. Inc. Boreholde Seismic Systems 11/22/96 1 year
--------------------------------------------------------------------------------------------------------------------
Penn State LELFAS 96-034 12/17/96 3 years V. Riehl
--------------------------------------------------------------------------------------------------------------------
· Enlarge/Download Table
--------------------------------------------------------------------------------------------------------
Raytheon Electronics LFATS/Taiwan/Australian/Spanish 10/25/96 2 years V. Riehl
--------------------------------------------------------------------------------------------------------
Raytheon Electronics YS2000/Italian Navy ASW Frig 7/2/96 5 years
--------------------------------------------------------------------------------------------------------
STN Atlas Undersea Warfare Business 95-006 4/25/95 3 years K. Adams
--------------------------------------------------------------------------------------------------------
STN Atlas Australia ASSTASS LFAPS 2/11/97 1 year D. MacCulloch
--------------------------------------------------------------------------------------------------------
Signal Processing Sys. Norwegian Towed Array 97-014 5/23/97 3 years W. Tally
--------------------------------------------------------------------------------------------------------
Sikorsky Aircraft Job Shoppers 11/22/96 7 years D. Bennett
--------------------------------------------------------------------------------------------------------
Transfield Defense Sys. SEA 1000 Australian Surface Ship 8/6/96 10 years J. Winters
Towed
--------------------------------------------------------------------------------------------------------
3M Specialty Optical Fibers Fiber Optic Technologies 95-029 11/30/95 3 years A.J. Garber
--------------------------------------------------------------------------------------------------------
Taiwan Int Standard S-70C Offset 96-010 5/11/96 5 years J. Corso/
Electronics Ltd. J. Winter
--------------------------------------------------------------------------------------------------------
Witten Technologies Mine Warfare 94-030 7/11/94 3 years A.J. Garber
--------------------------------------------------------------------------------------------------------
Whitehead Alenia Sistemi Undersea Warfare Business 95-003 4/27/95 3 years S. Schorer
Subacquei
--------------------------------------------------------------------------------------------------------
Confidentiality Agreements - ELAC
---------------------------------
95-01-01 Marimatek
95-01-02 SeaBeam
95-01-03 Qubit
95-01-04
95-01-05 Ultra Electronics
95-01-06 BASYS Marine Ltd.
95-01-07 BAeSEMA
95-01-08 Westinghouse
96-01-01 Evia
96-01-02 Mjellum & Carlson
96-01-03 Reson
96-01-04 Raytheon Anschfltz
96-01-05 HDW
96-01-06 Elektro-Optik GmbH
97-01-01 SEPA
97-01-02
97-01-06 Sonatech
97-01-07 Nautronix
97-01-08 EdgeTech
97-01-09 Kongsberg
97-01-10 Camber Corp.
Schedule 4.7 - Contracts
See also Schedule 4.12.
Ocean Systems - Open Contracts over $75,000
Contract Contract Value Country Status
-------- -------------- ------- ------
N00019-90-G-0200YC94 471117.95 USA OP
N00019-90-G-0200YC95 1645386.00 USA OP
N00019-93-G-0131UU2K 245635.00 USA OP
N00019-97-G-00080001 8299107.00 USA OP
N00019-97-G-0008UU0l 348023.00 USA OP
N00024-89-C-6066 20440163.00 USA OP
N00024-91-C-6501 11539100.00 USA OP
N00024-92-C-6225 5963263.00 USA OP
N00024-92-C-6502 83243508.87 USA OP
N00024-92-C-6503 27614976.00 USA OP
N00024-94-C-6152 9464260.00 USA OP
N00024-96-C-6214 34217858.00 USA OP
N00024-97-C-6375 149911.00 USA OP
N00104-96-P-G022 81408.00 USA OP
N00140-95-D-N083 208958.00 USA OP
N00140--97-D-E156 131418.00 USA OP
N00383-88-G-K3010108 820326.88 USA OP
N00383-88-G-K3010131 9460000.10 USA OP
N00383-94-G-700N0020 307778.00 USA OP
N00383-94-G-700N0030 2742742.00 USA OP
N00383-94-G-700N5045 3218001.12 USA OP
N00383-94-G-700N5209 266598.00 USA OP
N00383-94-G-700N5212 448500.00 USA OP
N00383-94-G-700N5213 77000.00 USA OP
N00383-95-G-209N0002 157836.00 USA OP
N00383-95-G-2O9NUUIR 79367.00 USA OP
N00383-95-G-2O9NUUIT 75108.00 USA OP
N00383-95-G-209NUU51 117108.00 USA OP
N00383-95-G-209NUU55 165960.00 USA OP
N00383-95-G-209NUU57 100500.00 USA OP
N00383-95-G-209NUU65 178536.00 USA OP
N00383-95-G-209NUU66 153500.00 USA OP
N00383-95-G-209NUU68 83060.00 USA OP
N00383-95-G-209NUU69 87888.00 USA OP
N00383-95-G-209NUU76 170072.00 USA OP
N00383-95-G-209NUU77 164572.00 USA OP
N00383-95-G-209NUU91 100500.00 USA OP
N00383-95-G-209NUU92 100500.00 USA OP
N00383-95-G-209NUU93 134000.00 USA OP
N5588983 149111.99 USA OP
N66001-96-C-6008 819118.00 USA OP
N66604-92-C-1078 288121.00 USA OP
N66604-93-C-0788 148716.00 USA OP
N66604-97-M-5934 100814.00 USA OP
N68335-94-G-000IUU08 153189.00 USA OP
N68335-96-G-0047UU02 152100.00 USA OP
P015101 106873.00 USA OP
P7805158 4862872.00 USA OP
P7822564 154500.00 USA OP
R9525401 357259.00 USA OP
SP0960-97-M-0936 95880.00 USA OP
A1EO2546 - Aero International 4697043.00 VAR- Non US OP
W8472-5-BGV1 3309635.27 CAN OP
P7900173 25843178.00 CHN OP
0774888 20566000.00 EGY OP
GWG864609 378168.00 GBR OP
SSDW1/434 429712.00 GBR OP
7/1994 5017476.00 GRC OP
P7870275 3879870.00 GRC OP
1248USA 25818944.00 ITA OP
31-1/96 237671.00 ITA OP
L40870 1649997.00 ITA OP
1E295 86880.00 JPN OP
1E312 963086.00 JPN OP
1F449 425999.00 JPN OP
1F450 1295177.00 JPN OP
1F458 103293.00 JPN OP
1F480 334691.00 JPN OP
1F481 979628.00 JPN OP
1F483 257503.00 JPN OP
1F485 127123.00 JPN OP
1F496 76584.00 JPN OP
1F509 691160.00 JPN OP
1F511 129420.00 JPN OP
1F514 95524.00 JPN OP
56S265 75754.00 JPN OP
5S0226 1680670.00 JPN OP
5S0227 919541.00 JPN OP
5S250 1751240.00 JPN OP
5S251 3502480.00 JPN OP
5S252 3502480.00 JPN OP
5S253 1751240.00 JPN OP
5S257 75921.00 JPN OP
5S258 252534.00 JPN OP
5S259 398143.00 JPN OP
5S260 163056.00 YPN OP
5S262 919541.00 JPN OP
5S265 75754.00 JPN OP
5S266 619421.00 JPN OP
5S267 78446.00 JPN OP
5S268 158862.00 JPN OP
5S270 86446.00 JPN OP
5S271 92524.00 JPN OP
5S276 99749.00 JPN OP
5S277 267555.00 JPN OP
960050 389850.00 KOR OP
970050 224977.00 KOR OP
KFX-DPA-72DA57025 29700000.00 KOR OP
MGP-DGMIDAR-95-074 122720.00 PER OP
DNOl/96 151793.00 PRT OP
TURKEY 1 15548572.00 TUR OP
PA2314-C059 272645.00 TWN OP
PB4961-C067-POO 281000.00 TWN OP
ROCN 25843178.00 TWN OP
N00019-90-G-0200YCIF 83400.00 USA OP
N00019-90-G-0200YC93 715362.76 USA OP
Ocean Systems - Open POs Over $75,000
-------------------------------------
· Enlarge/Download Table
PO No. PO Value Status Open Amt Pd Amt Vendor ID Vendor Name
------ -------- ------ -------- ------ --------- -----------
A00458 $ 81,547 Open $ 63,245 $ 18,302 80863 SPECTRUM ENGINEERING CORP.
A00493 $1,059,969 Open $ 345,849 $714,120 70212 PRECISION INTERCONNECT
A00499 $ 731,090 Open $ 255,965 $475,125 00169 AT&T
A00573 $ 115,000 Open $ 65,000 $ 50,000 65109 OCEAN PROJECTS ASSOCIATES
A01277 $ 185,600 Open $ 185,600 29152 DYNACON, INC.
A01597 $ 115,961 Open $ 106,734 $ 9,227 65109 OCEAN PROJECTS ASSOCIATES
A46821 $ 178,423 Open $ 1 $178,423 81041 SPIRATEX COMPANY
A48903 $5,000,000 Open $5,000,000 16113 CDI CORPORATION WEST
A48904 $ 500,000 Open $ 500,000 81750 STANDARD REGISTER
B00541 $ 375,000 Open $ 375,000 72749 RAM TEK BUSINESS CO
B01149 $ 333,750 Open $ 333,750 47287 INTERTEK TECHN. SERVICES
B01263 $ 200,000 Open $ 200,000 29744 EGGHEAD SOFTWARE
B01742 $ 106,000 Open $ 100,800 $ 5,200 63168 NAVAL UNDERWATER SYSTEMS
B03266 $ 155,760 Open $ 155,760 04216 ALLIEDSIGNAL AEROSPACE CO.
B04402 $ 436,000 Open $ 436,000 56881 FORSYTHE MCARTHUR
B04984 $ 136,751 Open $ -- $136,751 64014 NORMALAIR GARRETT LIMITED
B05158 $ 111,000 Open $ 111,000 52284 LAIDLAW ENVIRONMENTAL
B05579 $ 152,500 Open $ 152,500 72935 RAWLINGS MECHANICAL CORP.
B05829 $ 150,000 Open $ 150,000 27698 DIGITAL SYSTEM RESOURCES
B05859 $ 160,000 Open $ 160,000 22781 COMPUDRAFT
B06572 $ 98,950 Open $ 98,950 18762 CARRIER BUILDING SERVICES
B07260 $ 152,770 Open $ 139,735 $ 13,035 41300 HAMILTONIAYNET ELECTRONIC
B07471 $ 240,750 Open $ 35,310 $205,440 72805 RANTEC COMPANY
· Enlarge/Download Table
B07815 $ 432,000 Open $ 432,000 89966 VP AND ASSOCIATES
B07816 $ 140,000 Open $ 140,000 83135 STREAMLINE SYSTEM INTEGRA
B07875 $ 123,410 Open $ 81,866 $ 41,544 42916 HERMETIC SEAL CORP.
C00l14 $ 145,000 Open $ 145,000 32469 ENTEX INFORMATION SERVICES
C00954 $ 112,975 Open $ 5,575 $107,400 65109 OCEAN PROJECTS ASSOCIATES
C01624 $ 139,600 Open $ 139,600 75689 ROMIC ENVIRONMENTAL TECH.
C02490 $ 200,000 Open $ 200,000 47873 JAMAR PACKAGING CO., INC.
C03546 $ 98,000 Open $ 98,000 19035 CAPTAIN C.J. CAUGHEY RN (RET)
C03692 $ 153,400 Open $ 153,400 92011 WACKENHUT CORP.
C03842 $ 547,580 Open $ 80,135 $467,447 69973 POWERTECH INC.
C04282 $ 160,000 Open $ 160,000 72935 RAWLINGS MECHANICAL CORP.
C06070 $ 231,951 Open $ 231,951 52935 R E LEE DESIGN
C06215 $ 75,270 Open $ 73,101 $ 2,169 62372 NATEL ENGINEERING CO., IN
D00281 $ 200,000 Open $ 200,000 27310 JOHN DEVINE
D00401 $ 96,900 Open $ 96,900 19010 CATALINA COMPUTER SOLUTIONS
D00522 $ 85,000 Open $ 85,000 89966 VP AND ASSOCIATES
D00528 $ 84,450 Open $ 84,450 26748 DELTA CONSULTING SERVICES
D00553 $ 85,000 Open $ 85,000 32469 ENTEX INFORMATION SERVICES
D00768 $ 77,175 Open $ 77,175 03086 AIRFLYTE ELECTRONICS CO.
D00815 $ 190,400 Open $ 27,200 $163,200 23230 CONSOLIDATED PRODUCTS CORP.
D00821 $ 99,900 Open $ 99,900 26382 DIS RESEARCH
D01326 $ 189,909 Open $ 20,000 $169,909 72935 RAWLINGS MECHANICAL CORP.
D01546 $ 78,000 Open $ 78,000 03955 ALL PHASE ELECTRIC SUPPLY
D01619 $ 100,000 Open $ 100,000 28352 DOUBLE "3" PACKAGING CO., INC.
D01646 $ 227,916 Open $ 227,916 52935 R E LEE DESIGN
D01714 $ 480,585 Open $ 325,962 $154,623 76365 SMTEK, INC.
D02115 $ 75,226 Open $ 51,718 $ 23,508 20582 CICON ENGINEERING, INC.
D03621 $ 120,000 Open $ 120,000 72935 RAWLINGS MECHANICAL CORP.
D04093 $ 96,600 Open $ 96,600 23230 CONSOLIDATED PRODUCTS CORP.
D04316 $ 151,265 Open $ 151,265 70212 PRECISION INTERCONNECT
D04599 $ 79,468 Open $ 79,468 62372 NATEL ENGINEERING CO., INC.
Y23066 $ 143,500 Open $ 143,500 12628 BIG 3 INDUSTRIES, INC.
Y27874 $ 422,114 Open $ 81,122 $340,992 56881 FORSYTHE MCARTHUR
738189 $ 110,000 Open $ 110,000 25171 DVR ENTERPRISE
740850 $ 250,000 Open $ 250,000 29742 EGGHEAD DISCOUNT SOFTWARE
Z40937 $1,012,000 Open $1,012,000 92011 WACKENHUT
740952 $ 647,220 Open $ 634,685 $ 12,535 56881 FORSYTHE MCARTHUR
Ocean Systems - Marketing Consulting Agreements*
Sigma International, dated June 1, 1995 Guy Reynolds
Reynolds Beckwith Kerry Stephen
LeeCor, Inc. (Ronald Beckwith) Omicron Corp.
John Caughy SMAT, Est.
John Devine Kuo-Chun, Henry Feng
John McDermott
Ocean Systems - International Service Representative Agreements*
C.I.E.R., dated June 30, 1996
Sigma International, dated June 1, 1995
Atkem, A.S., dated July 7, 1997
Ocean Systems - Sales Representative Agreements*
Taewoos LLC, dated January 7, 1995
Hollinda N.V., dated August 1, 1995
Itochu Aviation, Inc., dated October 1, 1994
Siam Aviation Company, Ltd., dated November 1, 1995
Benavia AB, dated October 1, 1995
Panamerica Organization Properties, Inc., dated November 1, 1995
Hovet & Co., dated October 1, 1995
Compania Aeronautica Espanola, S.A, dated October 1, 1995
Aktem A.S., dated March 1, 1997
Top Entity, dated January 1, 1997
Sistemas Electronicos S.A., dated June 1, 1997
J.C. Rangel, Representacoes Ltd., dated June 1, 1997
Alberto Maria Bravo & Filhos, dated July 1, 1997
Southwest Trading Company, dated April 1, 1997
Technica De Electronica Y Metalurgia (TADEM), dated July 1, 1997
Aero Precision Industries, Inc., dated June 1, 1997
BD Miltech Ltd., July 1, 1997
Mereit Lab Corporation, dated August 1, 1997
Ocean Systems - Computer Equipment Leases*
Vendor Name Expires Equipment Description
----------- ------- ---------------------
Forsythe McArthur Assoc. August 7, 1998 VAX7620
VAX4100
MTI CIQBU adaptor
high capacity tape drive
Forsythe McArthur Assoc. August 31, 1998 VAX6610
Forsythe McArthur Assoc. August 31, 1998 MicroTechnology Raid Disk Farm
and associated devices
Forsythe McArthur Assoc. January 14, 1999 SUN Spark 20
Ocean Systems - Information Technology Service Agreements*
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Type of
Vendor Name Service Agreement Description Coverage Expires
------------------------------------------------------------------------------------------------------------------------------------
Xerox Corporation HW maintenance (208017080 printers) Maintenance 9/26/97
------------------------------------------------------------------------------------------------------------------------------------
Hewlett - Packard Workstation Operating System Maintenance Maintenance 9/30/97
------------------------------------------------------------------------------------------------------------------------------------
Cabletron Systems Inc. Network Infrastructure maint (software) Maintenance 9/30/97
------------------------------------------------------------------------------------------------------------------------------------
Omega Logistics Int Logistics software (DILSA) Maintenance 10/15/97
------------------------------------------------------------------------------------------------------------------------------------
Sterling Design Engineering Systems Vmetric - EDCAS - System Design Utility Maintenance 10/15/97
------------------------------------------------------------------------------------------------------------------------------------
Tornado Software Development toolkit Maintenance 10/31/97
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Parametric Technology Corp. Designer software (Pro-E) Maintenance 11/11/97
------------------------------------------------------------------------------------------------------------------------------------
Cincom MRP utilities USER FEE (QRW) Maintenance 11/20/97
------------------------------------------------------------------------------------------------------------------------------------
Micro-Frame Technologies PC based estimating (Microframe) Maintenance 12/1/97
------------------------------------------------------------------------------------------------------------------------------------
Executive Software Disk de-fragmentation (Diskeeper) Maintenance 12/14/97
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Intersolv Inc Software config mgmt (PVCS) Maintenance 12/30/97
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Struct. Dyn. Res. Corp. CAD (IDeas) Maintenance 12/30/97
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Digital Equipment Corp. HW & SW maintenance (VAXcluster) Maintenance 12/31/97
------------------------------------------------------------------------------------------------------------------------------------
Silverado Software & Consultants Analysis SW maintenance (ANSYS) Maintenance 1/2/98
------------------------------------------------------------------------------------------------------------------------------------
Intercap Graphics System Technical Illustration (Intercap) Maintenance 1/8/98
------------------------------------------------------------------------------------------------------------------------------------
Barr Systems Remote Printer (XEROX) RJE-RS232 Maintenance 1/9/98
------------------------------------------------------------------------------------------------------------------------------------
West Coast Terminals, Inc. Xerox FAX machine maintenance Maintenance 1/23/98
------------------------------------------------------------------------------------------------------------------------------------
Talaris Systems INC. Printer HW maintenance (3290s) Maintenance 1/30/98
------------------------------------------------------------------------------------------------------------------------------------
Zuken-Redac CAD (CADstar) Maintenance 2/20/98
------------------------------------------------------------------------------------------------------------------------------------
Datalok Off-site tape storage Maintenance 2/27/98
------------------------------------------------------------------------------------------------------------------------------------
Select Sfotware Tools, Inc. Select Yordon - FOR SSTO Maintenance 4/15/98
------------------------------------------------------------------------------------------------------------------------------------
Amtek HW maintenance (HP 9000) Maintenance 4/30/98
------------------------------------------------------------------------------------------------------------------------------------
Lasersource/DCI HW maintenance (Talaris 1590s) Maintenance 4/30/98
------------------------------------------------------------------------------------------------------------------------------------
QMS HW maintenance (QM5860 laser printer) Maintenance 4/30/98
------------------------------------------------------------------------------------------------------------------------------------
Computer Upgrade Corporation AMASS SW maintenance Maintenance 4/30/98
------------------------------------------------------------------------------------------------------------------------------------
Mathworks SW maintenance (MATLAB, float license) Maintenance 5/1/98
------------------------------------------------------------------------------------------------------------------------------------
Cincom MRP software USER FEE (Control) Maintenance 6/24/98
------------------------------------------------------------------------------------------------------------------------------------
Cabletron Systems Inc. Network Infrastructure maint (hardware) Maintenance 6/30/98
------------------------------------------------------------------------------------------------------------------------------------
Muzak Music on Hold Maintenance 6/30/98
------------------------------------------------------------------------------------------------------------------------------------
Interleaf Desktop publishing (Interleaf) Maintenance 8/28/98
------------------------------------------------------------------------------------------------------------------------------------
Micro-Technologies (SI) HW maintenance (CIQBA Controler) Maintenance 8/31/98
------------------------------------------------------------------------------------------------------------------------------------
Exide HW maintenance on UPS system Maintenance 9/25/98
------------------------------------------------------------------------------------------------------------------------------------
Oracle Database software (Oracle) Corporate/ 2Q/each
Maintenance year
------------------------------------------------------------------------------------------------------------------------------------
Lasersource/DCI Blanket maintenance for HP printers Blanket 12/30/97
------------------------------------------------------------------------------------------------------------------------------------
Software Spectrum Supplies (software blanket) Blanket 12/31/97
------------------------------------------------------------------------------------------------------------------------------------
DIS Research Capital/Supplies (blanket) - replace HW Blanket 12/31/97
------------------------------------------------------------------------------------------------------------------------------------
Graymar Business Systems Supplies (toner) Blanket 3/2/98
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AP Labs Signal processing software (SUNs) Blanket 3/6/98
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Walker Richer and Quinn Reflection Blanket 3/10/98
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Xerox Corporation HW maintenance (4050,4075,3700) Blanket 3/31/98
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Ocean Systems - Confidentiality Agreements*
· Enlarge/Download Table
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Agreement Effective Term/ OS
Company Subject Number Date Expiry Contact
------------------------------------------------------------------------------------------------------------------------------------
ADI Limited RAN ASSTASS SEA 11000 96-033 11/6/96 10 years A.J. Garber
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ADI Limited Underwater Warfare Business 95-007 4/10/95 3
------------------------------------------------------------------------------------------------------------------------------------
Aero International International Spares 95-010 3 years P.A. Boskovich
------------------------------------------------------------------------------------------------------------------------------------
Agusta/Italy Quality Assurance Survey 4/28/97 1 year L. Daniels
------------------------------------------------------------------------------------------------------------------------------------
Albion Group Intl. Inc. Hellenic Navy Offset 95-013 7/12/95 3 years J. Hall/
L. Daniels
------------------------------------------------------------------------------------------------------------------------------------
Alliant Techsys. Seismic data 96-027 10/16/97 3 years A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
Atlantic Aero Elect Various 95-001 1/17/95 3 years A.J. Garber
Corp.
------------------------------------------------------------------------------------------------------------------------------------
Australian Defense Undersea Warfare Business 95-007 5/10/95 3 years K.D. Adams
Industries
------------------------------------------------------------------------------------------------------------------------------------
Atlantic Aero Elect. Foreign Integrated Sonar Suites 95-017 8/21/95 3 years A.J. Garber
Corp.
------------------------------------------------------------------------------------------------------------------------------------
AT&T Various Information 8/7/95 2 years D. Samsury
------------------------------------------------------------------------------------------------------------------------------------
Babcock Intl. Sonar 2087 Feasibility Study 3/7/95 5 years J. Caughey
------------------------------------------------------------------------------------------------------------------------------------
BBN US Navy 6152 97-015 5/30/97 1 year A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
Cambridge Bank Ltd. Sonar Equip. Brazil/Peru 96-017 5/28/96 5 years V. Riehl
------------------------------------------------------------------------------------------------------------------------------------
Celsius Tech Sys. Mine Counter Measurers 94-021 8/19/94 3 years L. Daniels
------------------------------------------------------------------------------------------------------------------------------------
Celsius Tech Sys. Proprietary Info. 11/14/97 5 years J. Devine
------------------------------------------------------------------------------------------------------------------------------------
Chesapeake Sciences TARS 95-018 8/28/95 3 years A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
Chesapeake Sciences TB16/BQ 10/18/94 4 years R. Tomlinson
------------------------------------------------------------------------------------------------------------------------------------
Chevron Petroleum Bore Hole Seismic Multi Level Receiver 94-037 3/3/94 3 years A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
Computing Devices Maritime Helicopter 95-014 7/14/95 3 years J. Anderson
------------------------------------------------------------------------------------------------------------------------------------
C-Tech YS2000 96-029 10/2/96 2 years J. Roscigno
------------------------------------------------------------------------------------------------------------------------------------
DAF Special Products NH-90 96-006 2/15/96 3 years D. Webb
------------------------------------------------------------------------------------------------------------------------------------
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DRA Hunt Class Mid Life 11/22/96 1 year A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
Defense Evaluation Defense Hunt Class Mid Life 11/27/96 1 year A.J. Garber
Research Agency
------------------------------------------------------------------------------------------------------------------------------------
Devonport Management Ltd. Sonar 2087/Type 23 Frigates 96-007 2/13/96 3 years A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
Durodyne, Inc. Epichlorohydrin rubber compound 88-014/DA 5/1/88 10 years J. Andersen
------------------------------------------------------------------------------------------------------------------------------------
Dynacon, Inc. LFATS Handling System 94-023 6/2/94 3 years A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
E-Systems Montek Siesmic Receiving 95-012 6/28/95 3 years A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
Electramotive TB16 Towed Array 11/12/93 3 years J. Proko
------------------------------------------------------------------------------------------------------------------------------------
FIAR NH-90 96-005 1/18/96 3 years D. Webb
------------------------------------------------------------------------------------------------------------------------------------
Fokker Aviation EMD 97-008 2/4/97 1 year S. McDonald
------------------------------------------------------------------------------------------------------------------------------------
Greenblatt MCDV 95-004 3/27/95 3 years L. Daniels
------------------------------------------------------------------------------------------------------------------------------------
Goldstar ATE 11/24/82 5 years B. Polaski
------------------------------------------------------------------------------------------------------------------------------------
Geo Test Inc. AQS-18 Test Equipm 95-032 12/14/95 3 years L. Daniels
------------------------------------------------------------------------------------------------------------------------------------
Hughes Naval Marine Airborne Sonar Sys. 96-026/1 5/13/97 2 years R. Husar
------------------------------------------------------------------------------------------------------------------------------------
Hughes Naval Marine Surface Ship Programs 96-026 8/9/96 2 years R. Husar
------------------------------------------------------------------------------------------------------------------------------------
Hewlett Packard Weapons Replaceable Assy. Test Set 96-002 1/8/96 3 years L. Daniels
------------------------------------------------------------------------------------------------------------------------------------
Hollandse Signaalapparten Alkmaar class mine counter 97-007 1/23/97 2 years S. McDonald
------------------------------------------------------------------------------------------------------------------------------------
Kaman Aerospace AQS-18 Dipping Sonar SH-2G 94-019 7/19/95 5 years L. Daniels
------------------------------------------------------------------------------------------------------------------------------------
Loral Canada Maritime Helicopter Program 7/29/95 10 years J. McDermott
------------------------------------------------------------------------------------------------------------------------------------
Lockheed Martin Canadian Remote Minehunting Sonar 95-024 12/19/95 3 years A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
Loral ASIC B2TC 5/28/95 10 years A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
Litton Sys. Acoustic Sensor Array Systems 5/24/96 5 years L. DiRienzo
------------------------------------------------------------------------------------------------------------------------------------
Northop Grumman Hybrids 95-020 9/15/95 3 years J.P. Andersen
------------------------------------------------------------------------------------------------------------------------------------
NUWC Wide-Band Omni Telemetry Sys. 10/31/96 A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
Optiphase Fiber Optic Technologies 96-003 1/10/96 3 years A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
Paulsson Geo Svc. Inc. Boreholde Seismic Systems 11/22/96 1 year
------------------------------------------------------------------------------------------------------------------------------------
Penn State LELFAS 96-034 12/17/96 3 years V. Riehl
------------------------------------------------------------------------------------------------------------------------------------
Raytheon Electronics LFATS/Taiwan/Australian/Spanish 10/25/96 2 years V. Riehl
------------------------------------------------------------------------------------------------------------------------------------
Raytheon Electronics Y52000/Italian Navy ASW Frig 7/2/96 5 years
------------------------------------------------------------------------------------------------------------------------------------
STN Atlas Undersea Warfare Business 95-006 4/25/95 3 years K. Adams
------------------------------------------------------------------------------------------------------------------------------------
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STN Atlas Australia ASSTASS LFAPS 2/11/97 1 year D. MacCulloch
------------------------------------------------------------------------------------------------------------------------------------
Signal Processing Sys. Norwegian Towed Array 97-014 5/23/97 3 years W. Tally
------------------------------------------------------------------------------------------------------------------------------------
Sikorsky Aircraft Job Shoppers 11/22/96 7 years D. Bennett
------------------------------------------------------------------------------------------------------------------------------------
Transfield Defense Sys. SEA 1000 Australian Surface Ship Towed 8/6/96 10 years J. Winters
------------------------------------------------------------------------------------------------------------------------------------
3M Specialty Optical Fiber Optic Technologies 95-029 11/30/95 3 years A.J. Garber
Fibers
------------------------------------------------------------------------------------------------------------------------------------
Taiwan Int Standard S-70C Offset 96-010 5/11/96 5 years J. Corso/
Electronics Ltd. J. Winter
------------------------------------------------------------------------------------------------------------------------------------
Witten Technologies Mine Warfare 94-030 7/11/94 3 years A.J. Garber
------------------------------------------------------------------------------------------------------------------------------------
Whitehead Alenia Undersea Warfare Business 95-003 4/27/95 3 years S. Schorer
Sistemi Subacquei
------------------------------------------------------------------------------------------------------------------------------------
Ocean Systems - Retention Agreements*
o Retention Agreements with key management (V. Davisson, V. Riehl, A.
Logan, D. Dunlop, J. Roscigno, L. DiRienzo, M. Charley, B. Smith, S.
Erdman), aggregate contingent payment of $199,400 for all eight managers
(Purchaser responsibility).
o Retention Agreement with Steve Schorer (AlliedSignal responsibility).
ELAC - Retention Agreements*
o Retention Agreements with key management (L. Hogrefe, W. Tietz, G.
Jordt), aggregate contingent payment of $108,200 for all three managers
(Purchaser responsibility).
ELAC - Contracts Greater Than TDM 100.00
· Enlarge/Download Table
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3.2 Contracts, Value > TDM 100.0 Status: Cut-off 09/97
------------------------------------------------------------------------------------------------------------------------------------
Customer Enduser Contents Date of Value of Remaining Last
Contract Contract Backlog Shipment/Service
TDM TDM
------------------------------------------------------------------------------------------------------------------------------------
BAZAN, Spain Spanish Navy 4 Echosounders for 9/4/95 442.0 331.5 August 1999
Minehunter
------------------------------------------------------------------------------------------------------------------------------------
Blohm und Voss, Turkish Navy 2 Echosounders for 8/15/96 251.0 131.1 May 1998
Germany MEKO
------------------------------------------------------------------------------------------------------------------------------------
Blohm und Voss, German Navy 1 Echosounder and UT 7/14/97 281.1 281.1 October 2005
Germany Equipment for F124
------------------------------------------------------------------------------------------------------------------------------------
BWB Koblenz, German Navy Target Simulator 2/29/96 11,217.4 4,581.8 December 2005
Germany (SUBTAS)
------------------------------------------------------------------------------------------------------------------------------------
BWB Koblenz, German Navy Advanced Data 9/23/97 398.5 398.5 December 1997
Germany Evaluation
System (SUBTAS)
------------------------------------------------------------------------------------------------------------------------------------
BWB Koblenz, German Navy Spares (Transducer) 8/20/97 340.6 340.6 December 1997
Germany
------------------------------------------------------------------------------------------------------------------------------------
· Enlarge/Download Table
------------------------------------------------------------------------------------------------------------------------------------
3.2 Contracts, Value > TDM 100.0 Status: Cut-off 09/97
------------------------------------------------------------------------------------------------------------------------------------
Customer Enduser Contents Date of Value of Remaining Last
Contract Contract Backlog Shipment/Service
TDM TDM
------------------------------------------------------------------------------------------------------------------------------------
BWB Koblenz, German Navy 1000 Transducers 8/28/97 2,047.0 1,647.8 December 1997
Germany LSE 800
------------------------------------------------------------------------------------------------------------------------------------
BWB Koblenz, German Navy LFTASS Development 8/7/95 712.5 0.0 December 1998
Germany and Delivery of 4 ea.
Reflexducerelements
------------------------------------------------------------------------------------------------------------------------------------
DLA, Korean Navy 2 UT Equipments 12/5/96 404.4 404.4 December 1997
Korea (Training)
------------------------------------------------------------------------------------------------------------------------------------
DLA, Korean Navy 2 Echosounders for 2/26/97 329.1 202.4 December 1998
Korea KDX Destroyers
------------------------------------------------------------------------------------------------------------------------------------
HDW, Korean Navy 3 Echosounders, 3/1/95 2,541.8 1,673.3 December 1998
Germany UT Equipments, Sonar
Beacon, Tape Recorder
for Subs U209
------------------------------------------------------------------------------------------------------------------------------------
HDW, Brazilian Navy Echosounder, UT's, 1/12/96 791.2 791.2 March 1999
Germany Sonar Beacon for Sub
Tupi mod
------------------------------------------------------------------------------------------------------------------------------------
HDW, German Navy 2 Echosounders and UT 8/14/97 1,757.5 1,757.5 December 2005
Germany Equipments incl. ILS
for Subs U212
------------------------------------------------------------------------------------------------------------------------------------
HDW, German Navy 1 Echosounder and UT 8/14/97 281.1 281.1 October 2002
Germany Equipment for F124
------------------------------------------------------------------------------------------------------------------------------------
HDW, Turkish Navy 2 Echosounders 7/1/95 861.9 14.4 February 1998
Germany 2 Sonar Beacons for
Submaries
------------------------------------------------------------------------------------------------------------------------------------
HDW/TNSW, Israel Navy 3 Sonar Beacons 12/17/93 842.0 20.5 June 1999
Germany for Submarine
"Dolphin-Class"
------------------------------------------------------------------------------------------------------------------------------------
HSA, Taiwan Navy Sonar Spares 4/1/97 111.9 111.9 November 1997
Netherlands
------------------------------------------------------------------------------------------------------------------------------------
Intermarine, Thai Navy 21 Echosounders for 6/17/97 225.0 225.0 July 1998
Italy Minehunter
------------------------------------------------------------------------------------------------------------------------------------
Lurssen, Turkish Navy 3 Sonar Beacons 10/10/95 321.8 9.3 October 1997
Germany for Patrolers
"Dogan-Class"
------------------------------------------------------------------------------------------------------------------------------------
NAMRIA, NAMRIA, BCC-SW MK II 8/14/97 791.0 791.0 November 1997
Phillipines Phillippines
------------------------------------------------------------------------------------------------------------------------------------
Naval Indian Navy Test Equipment 7/23/97 193.1 193.1 December 1997
Headquarters,
India
------------------------------------------------------------------------------------------------------------------------------------
ORCA, France French Navy 7 Diver Sonars 6/18/97 966.8 41.5 December 1997
------------------------------------------------------------------------------------------------------------------------------------
· Enlarge/Download Table
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3.2 Contracts, Value > TDM 100.0 Status: Cut-off 09/97
------------------------------------------------------------------------------------------------------------------------------------
Customer Enduser Contents Date of Value of Remaining Last
Contract Contract Backlog Shipment/Service
TDM TDM
------------------------------------------------------------------------------------------------------------------------------------
Racal Survey, Racal Survey, UK BCC-MW 3/6/97 693.1 90.0 December 1997
UK 3 Upgrades MK I - M II
------------------------------------------------------------------------------------------------------------------------------------
SeaBeam, INHO, India 4 SeaBeam 1180 4/17/97 1,784.9 888.7 April 1998
USA ($1=1,75DM)
------------------------------------------------------------------------------------------------------------------------------------
SeaBeam, NAMRIA, 2 SeaBeam 1180 MK II 7/31/97 792.2 792.2 November 1997
USA Phillippines
------------------------------------------------------------------------------------------------------------------------------------
STN ATLAS, German Navy 2 Echosounders 10/16/95 642.0 46.1 July 1998
Germany 2 UT Equipment for
Minehunter MJ332
------------------------------------------------------------------------------------------------------------------------------------
STN ATLAS, Israel Navy 4 UT Equipments for 11/24/93 1,070.3 10.2 June 1999
Germany Submarines
"Dolphin-Class"
------------------------------------------------------------------------------------------------------------------------------------
STN ATLAS, various 30 Echosounders 9/19/97 139.5 139.5 November 1997
Germany LAZ 5000
------------------------------------------------------------------------------------------------------------------------------------
STN ATLAS, various 30 Echosounders 9/24/97 139.5 139.5 February 1998
Germany LAZ 5000
------------------------------------------------------------------------------------------------------------------------------------
STN ATLAS, German Navy MTW - Mini Torpedo 12/6/95 430.0 30.0 December 1997
Germany Development and
Testvehicle
------------------------------------------------------------------------------------------------------------------------------------
TNSW, German Navy 2 Echosounders and UT 8/11/97 1,792.5 1,792.5 December 2005
Germany Equipments incl. ILS
for 2 Subs U212
------------------------------------------------------------------------------------------------------------------------------------
TNSW, German Navy 1 Echosounder and UT 9/29/97 296.0 296.0 October 2004
Germany Equipment for F124
------------------------------------------------------------------------------------------------------------------------------------
Technical Technical Development of 3/10/97 140.7 140.7 December 1997
University, University, High Frequency
Berlin, Germany Berlin, Germany Transducers
------------------------------------------------------------------------------------------------------------------------------------
Wilton-Fijenoord, Taiwan Navy Sonar Spares 1/22/97 815.6 815.6 December 1997
Netherlands
------------------------------------------------------------------------------------------------------------------------------------
WDA WSA Bremerhaven, BCC-SW MK II 9/10/97 428.4 428.4 November 1997
Bremerhaven, Germany
Germany
------------------------------------------------------------------------------------------------------------------------------------
WTV, Siegburg, Wahnbachtalsperre PIA 2000 Plancton 5/31/96 3,067.1 2,480.5 June 1999
Germany n Inactivation System
Verband Germany
------------------------------------------------------------------------------------------------------------------------------------
ELAC - Guarantees and Bank Bonds*
· Enlarge/Download Table
Deutsche Bank Bank Bonds 02.10.97
item type of guarantee customer no. amount DEM due date
1 A advance payment bond Atlas 431 221.490,00 28.02.1998
2 V performance bond Atlas 363 237.188,00 until further
3 V performance bond Atlas 396 63.945,67 01.03.1999
4 G warranty bond Atlas 463 33.690,00 until further
5 V performance bond Atlas 328 9.589.450,00
-1.436.000,00
-877.800,00
-501.600,00
-836.000,00
-627.000,00
-627.000,00
-1.379.400,00
-543.400,00
-1.170.400,00
-------------
1.590.850,00 31.12.1999
=============
6 A advance payment bond Blohm + Voss 460 18.300,00 31.08.1998
7 A advance payment bond Blohm + Voss 461 17.625,00 31.08.1997
8 V performance bond Blohm + Voss 395 26.470,00 until further
9 G warranty bond Blohm + Voss 459 6.110,00 31.08.2000
10 G warranty bond Blohm + Voss 462 7.248,00 31.08.2001
11 G warranty bond Blohm + Voss 485 16.164,00
until further
12 V performance bond Daewoo 353 1.079,00 31.10.1997
13 V performance bond Daewoo 354 1.122,00 31.10.1998
14 A advance payment bond Def. Proc. Agency 391 191.500,00 31.10.1996
15 A advance payment bond Def. Proc. Agency 478 221.600,000 30.09.1998
16 A advance payment bond Def. Proc. Agency 480 82.515,00 31.01.1999
17 V performance bond Def. Proc. Agency 390 38.300,00 30.09.1999
18 V performance bond Def. Proc. Agency 397 3.313,52 09.07.1996
19 G warranty bond Def. Proc. Agency 479 22.160,00 30.11.1999
20 G warranty bond Def. Proc. Agency 481 17.825,00 31.01.2003
21 A advance payment bond Empresa Nacional 423 19.050,00 01.08.1999
22 A advance payment band Empresa Nacional 425 19.050,00 01.05.1998
23 A advance payment bond Empresa Nacional 426 19.050,00 01.12.1998
24 G warranty bond Empresa Nacional 474 6.370,00 until further
25 A advance payment bond HDW, Kiel 464 41.988,80 until further
26 A advance payment bond HDW, Kiel 465 85.852,10 until further
27 A advance payment bond HDW, Kiel 466 32.223,00 until further
28 A advance payment bond HDW, Kiel 473 72.450,00 30.09.1998
29 A advance payment bond HDW, Kiel 475 88.255,60 until further
30 A advance payment bond HDW, Kiel 476 33.126,90 until further
31 A advance payment bond HDW, Kiel 477 43.164,10 until further
32 A advance payment bond HDW, Kiel 482 41.988,80 until further
33 A advance payment bond HDW, Kiel 483 32.223,00 until further
34 A advance payment bond HDW, Kiel 399 72.450,00 15.10.1998
35 A advance payment bond HDW, Kiel 446 41.988,80 31.01.1998
36 A advance payment bond HDW, Kiel 447 32.223,00 31.01.1998
37 A advance payment bond HDW, Kiel 448 85.852,10 31.01.1998
38 V+G performance bond HDW, Kiel 261 19.654,70 31.08.1998
39 V performance bond HDW, Kiel 388 238.050,00 15.10.1998
40 V+G performance bond HDW, Kid 401 42.926,00 30.11.2001
41 V+G performance bond HDW, Kid 402 41.757,00 30.11.2000
42 V+G performance bond HDW, Kiel 403 44.128,00 30.11.2002
43 V+G performance bond HDW, Kiel 404 15.673,00 30.11.2000
44 V+G performance bond HDW, Kiel 405 16.563,00 30.11.2002
· Enlarge/Download Table
45 V+G performance bond HDW, Kiel 406 16.112,00 30.11.2001
46 V+G performance bond HDW, Kiel 407 20.424,00 30.11.2000
47 V+G performance bond HDW, Kiel 408 20.990,00 30.11.2001
48 V+G performance bond HDW, Kiel 409 21.582,00 30.11.2002
49 V+G performance bond HDW, Kiel 410 25.726,00 30.11.2000
50 V+G performance bond HDW, Kiel 411 26.447,00 30.11.2001
51 V+G performance bond HDW, Kiel 412 27.187,00 30.11.2002
52 G warranty bond HDW, Kiel 369 36.397,50 31.01.2000
53 G warranty bond HDW, Kiel 442 36.337,00 31.01.1999
54 G warranty bond HDW, Kiel 443 15.111,00 31.01.1999
55 G warranty bond HDW, Kiel 444 36.967,00 31.12.1999
56 G warranty bond HDW, Kiel 445 15.364,00 31.12.1999
57 A advance payment bond Intermarine 484 35.550,00 until further
58 V performance bond Kockums 265 45.512,90 01.10.1998
59 V performance bond Kockums 275 13.500,00 01.10.1998
60 G warranty bond Lurssen Werft 456 18.750,00 30.06.1997
61 G warranty bond Lurssen Werft 468 13.214,00 01.05.1999
62 G warranty bond Lurssen Werft 469 13.214,00 01.12.1999
63 G warranty bond P.T. PAL Indonesia 457 38.500,00 3 1.12.1996
64 G warranty bond President of India 435 4.721,75 until further
65 V performance bond Saudi Arabien 366 17.793,50 10.01.1998
66 G warranty bond Societe d'Armement 379 8.487,50 12.09.1997
67 G warranty bond Societe d'Armement 486 73.433,85 11.07.1998
68 V performance bond Thyssen 385 238.050,00 15.09.1999
69 G warranty bond Thyssen 368 27.772,50 30.06.1999
70 A advance payment bond Wilton 472 400.000,00 until further
total 5.251.697,59
Foreign currency
item type of guarantee customer no. amount Ablauf
1 V performance bond Taneer, Karacki 48.044,00 Pak.R until further
2 V performance band Def.Proc.Agency, 441 1.870,39 USD 31.05.1997
Korea
3 V performance bond SeaBeam 482 49.371,00 USD 31.07.1999
ELAC - Confidentiality Agreements*
Date Party
---- -----
95-01-01 Marimatek
95-01-02 SeaBeam
95-01-03 Qubit
95-01-04
95-01-05 Ultra Electronics
95-01-06 BASYS Marine Ltd.
95-01-07 BAeSEMA
95-01-08 Westinghouse
96-01-01 Evia
96-01-02 Mjellum & Carlson
96-01-03 Reson
96-01-04 Raytheon Anschtitz
96-01-05 HDW
96-01-06 Elektro-Optik GmbH
97-01-01 SEPA
97-01-02
97-01-06 Sonatech
97-01-07 Nautronix
97-01-08 EdgeTech
97-01-09 Kongsberg
97-01-10 Camber Corp.
ELAC - Other Contracts*
o ELAC Lease, between Honeywell Regelsysteme GMBH and Honeywell
ELAC-Nautik, dated April 1, 1994
o Intercompany note between Ocean Systems and ELAC with respect to the
cash in the AlliedSignal German cash pool, and related agreements
o Stock Purchase Agreement by and among AlliedSignal Deutchland GmbH,
AlliedSignal, Inc., Honeywell AG and Honeywell, Inc., dated March 30, 1994
o Lease agreement by and between ELAC and Christian-Albrecht Universitat,
Kiel, dated April 1995
o Long term agreement for cable repair with AS Aerospace GmbH
Ocean Systems - Other Contracts
o The following pages contain information regarding certain contracts
signed between August 1, 1997 and December 19, 1997.
o Effective December 19, 1997, Ocean Systems is under contract with the
Turkish Navy to provide 4 AQS-18A dipping sonar systems plus spares,
ground support equipment and performance testing.
o Ocean Systems has an opportunity to propose a significant contract with
Egypt. In the event that OS moves forward to compete on that contract, it
is likely that OS will retain an in-country representative and will sign a
letter of intent with that representative to retain post-contact award
services which would likely exceed $250,000.
------------------------
* Included without regard to dollar amount. May or may not exceed $75,000 or
DM100,000.
CONTRACTS RECEIVED
8/97 Through 12/97
(Over $250K)
CUSTOMER SALES ORDER CONTRACT # DESCRIPTION VALUE
-------- ----------- ---------- ----------- -----
NAVSEA SS3442 N00024-92-C-8502 TB-23 Spares $279.3K
NUWC SU3498 N66604-7225-4BF7 AMTS Upgrade $100.8K
ITOCHU SY3591 5S277 Q18M Spares $268K
ITOCHU SY3714 5S272 Q18M Spares $3700K
ITOCHU SY3717 5SS275 Q18M Spares $1800K
ITOCHU SY3725 1F528 Ql8M Spares $368K
HELLENIC NAVY 1 Q18V System $2200K
NAVSEA ECP320/325 TB16 Upgrade $6600K
NAVSEA TB23 Repairs $300K
· Enlarge/Download Table
ASOS-58-R010 ALLIEDSIGNAL OCEAN SYSTEMS PAGE NO: 197
PURCHASING STATISTIC AWARD REPORT RUN DATE: 12/19/97
ALL PURCHASE ORDERS
FROM 06/01/97 THRU 12/15/97
BUYER VENDOR VENDOR VENDOR AWARD TECH PO LINE DEPT/ACCT/JOB COMM TOTAL
ID NAME NUMBER CLASS CODE CODE NUMBER ITEM CODE DOLLARS
12 CONSOLIDATED 23230 SB 1A 1A DP5064 007 3000-031-01-0-0000-0-0-0 5002 47,600.00
PRODUCTS CORP.
12 CONSOLIDATED 23230 SB 1A 1A DP5064 008 3000-031-01-0-0000-0-0-0 5002 68,000.00
PRODUCTS CORP.
12 CONSOLIDATED 23230 SB 1A 1A DP5064 009 3000-031-01-0-0000-0-0-0 5002 54,400.00
PRODUCTS CORP.
TOTAL DOLLARS FOR THIS PO 462,400.00
$ 500,000 AND UP
TOTAL DOLLARS FOR THIS BUCKET 462,809.30
TOTAL NUMBER OF PO'S FOR THIS BUCKET 4
Schedule 4.8 - Titles and Leases
No items to schedule.
Schedule 4.9 - Litigation
See also Schedules 4.21(a) and 4.21(b).
Ocean Systems
Sellers are presently aware of two pending suits:
Brown v. AlliedSignal, case no. 15826, filed in the Superior Court
of the State of California, County of Los Angeles, North Valley
Judicial District on May 28, 1996.
Tomlinson V. AlliedSignal, case no. BC 163670, filed in the Superior
Court of the State of California, County of Los Angeles, North
Valley Judicial District on May 23, 1997.
Sellers are presently aware of an international sales matter, which
Purchaser acknowledges having had the opportunity to discuss with Sellers'
counsel (voluntary disclosure #329, relating to sales to the government of
Greece and the United States).
ELAC
There is one contractual dispute related to a German Government contract.
ELAC intends to solve the dispute prior to January 21, 1998.
Contract Data:
Customer: BWB, Koblenz, Germany
Content: Development and delivery of 4 ea. Reflexducers
Date of Contract: 8/7/1995
Value: DM 712.5 k
Last Shipment: Dec. 1998
Current Status:
An agreement with the customer was settled on 5th November, 1997, to close
the contract end of December 1997 without shipment of transducers. ELAC agreed
to pay back 438 k DM of the total payment of 712.5 k DM that was received end of
1996. BWB accepts the development results.
Payback has to be transferred 30 days after written approval of BWB. ELAC
confirmed agreement in writing 7th of November, BWB approval expected in the
last week of December, 1997, payment to be released January 1998.
Schedule 4.10 - Environmental Disclosure
The following documents, which have been delivered to Purchaser, are
incorporated herein by reference:
1. Environmental, Health and Safety Disclosure Document
AlliedSignal Ocean Systems, Sylmar, CA Prepared for
AlliedSignal Electronic Systems June 30 to July 2, 1997
2. Phase I Environmental Site Assessment 15825 Roxford Street,
Sylmar, CA July 1997
3. Health, Safety and Environmental Disclosure AlliedSignal
Electronic Systems - ELAC Nautik GmbH September 29, 1997
4. ELAC Environmental Disclosure Statement
Ocean Systems Permits
City of Los Angeles, Department of Building and Safety, Certificates of
Occupancy
Permit No.'s: LA76447/60 VN00435/73 VN50140/76
LA76448/60 LA64337/73 VN39348/76
VN92138/66 LA77430/73 VN89736/79
VN98941/66 VN16035/74 VN93597/79
LA72477/68 LAl6583/75 VN40476/82
LA72479/68 LA16584/75 LA20231/85
VN87685/72 VN44208/76 VN98937/86
VN83102/72 VN41832/76 VN15222162
VN81765/72 VN43697/76 VN13124-62
VN968742/73 VN39986/76
City of Los Angeles, Department of Building and Safety Water Conservation
Program
Certificate of Compliance No. 310437
City of Los Angeles Fire Permit
Permit No.'s 777456-33/F/701
777456-33/F/828
City of Los Angeles Office of the City Clerk, Tax and Permit Division
Hazardous Material Certificate Renewal No. 587720-23/F/803
City of Los Angeles Certificates of Disclosure of Hazardous Substances
Account No. 587720-23/F/206
City of Los Angeles, Department of Building and Safety and Division of
Occupational Safety and Health of the State of California, Certificates of
Inspection and Permit to Operate Steam Boiler or Pressure Vessel
Permit No.'s AC09411
AC09412
AC4018
AC4019
AC4020
City of Los Angeles, Department of Public Works and Bureau of Sanitation,
Industrial Wastewater Permit
User No. 1U000068
Permit No. W482195
City of Los Angeles, Department of Public Works and Bureau of Sanitation,
Industrial Waste Permit No. 482195
County of Los Angeles, Hazardous Waste License No. 103 453285
County of Los Angeles, Public Health License, SIC# 3699 13
South Coast Air Quality Management District
Permit No.'s M35231