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 8 53K
2: EX-1.1 Form of U.S. Underwriting Agreement Among L-3 34 161K
Communications Holdings, Inc. and the
U.S. Underwriters Named Therein
3: EX-1.2 Form of International Underwriting Agreement Among 31 146K
L-3 Communications Holdings, Inc. and
the International Managers Named Therein
4: EX-3.1 Certificate of Incorporation of L-3 Communications 4 19K
Holdings, Inc.
5: EX-3.2 By-Laws of L-3 Communications Holdings, Inc. 10 43K
6: EX-4.1 Form of Common Stock Certificate 2± 7K
7: EX-5 Opinion of Simpson Thacher & Bartlett 3 12K
8: EX-10.3 Stockholders Agreement 53 219K
9: EX-10.4 Transaction Agreement 202 703K
10: EX-10.82 Asset Purchase Agreement 298 1,509K
11: EX-10.10 L-3 Communications Corporation Pension Plan 76 254K
EXHIBIT 10.82
ASSET PURCHASE AGREEMENT
AMONG
ALLIEDSIGNAL NC.,
ALLIEDSIGNAL TECHNOLOGIES, INC.,
ALLIEDSIGNAL DEUTSCHLAND GMBH
AND
L-3 COMMUNICATIONS CORPORATION
DATED AS OF MARCH 30, 1998
ASSET PURCHASE AGREEMENT
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ARTICLE 1. PURCHASE AND SALE ........................................................................ 1
1.1 Purchase and Sale ............................................................ 1
1.2 Non-Assignable Assets ........................................................ 3
1.3 Excluded Assets .............................................................. 3
1.4 Transfer of the Assets ....................................................... 4
1.5 Sale and Transfer of ELAC Shares ............................................. 4
1.6 License Agreement ............................................................ 5
ARTICLE 2. CLOSING; PURCHASE PRICE .................................................................. 5
2.1 Closing Date and Place ....................................................... 5
2.2 Purchase Price ............................................................... 5
2.3 Income Taxes ................................................................. 5
2.4 Cash True-Up ................................................................. 5
2.5 Allocation of Purchase Price ................................................. 6
2.6 Payments ..................................................................... 6
2.7 Transfer Taxes ............................................................... 6
ARTICLE 3. ASSUMPTION OF LIABILITIES AND OBLIGATIONS ................................................ 7
3.1 Assumed Liabilities .......................................................... 7
3.2 Excluded Liabilities ......................................................... 7
ARTICLE 4. REPRESENTATIONS AND WARRANTIES OF SELLERS ................................................ 8
4.1 Corporate Status ............................................................. 8
4.2 Authorization ................................................................ 8
4.3 Compliance ................................................................... 9
4.4 [Intentionally left blank] ................................................... 9
4.5 Personal Property ............................................................ 9
4.6 Intellectual Property ........................................................ 10
4.7 Contracts and Binding Commitments ............................................ 10
4.8 Title ........................................................................ 11
4.9 Litigation ................................................................... 11
4.10 Environmental Matters ........................................................ 11
4.11 Employee Benefit Plans and Policies .......................................... 12
4.12 Material Changes ............................................................. 13
4.13 [Intentionally left blank] ................................................... 15
4.14 Compliance with Law .......................................................... 15
4.15 Consents ..................................................................... 15
4.16 Taxes ........................................................................ 15
4.17 Permits and Licenses ......................................................... 16
4.18 Ownership of ELAC Shares ..................................................... 16
4.19 Labor Relations .............................................................. 16
4.20 Brokerage Fees ............................................................... 17
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4.21 Government Contracts ........................................................ 17
4.22 Government Furnished Equipment .............................................. 19
4.23 Entire Business ............................................................. 19
4.24 Real Estate ................................................................. 19
4.25 Insurance ................................................................... 20
4.26 Affiliate Transactions ...................................................... 20
4.27 No Additional Representations ............................................... 21
ARTICLE 5. REPRESENTATIONS AND WARRANTIES OF PURCHASER .............................................. 21
5.1 Corporate Status ............................................................ 21
5.2 Authorization ............................................................... 21
5.3 Compliance .................................................................. 21
5.4 Due Diligence ............................................................... 22
5.5 Financing ................................................................... 22
5.6 Investment Representation ................................................... 22
5.7 Conveyances and Restrictions ................................................ 22
5.8 Brokerage Fees .............................................................. 22
ARTICLE 6. EMPLOYEES AND EMPLOYEE BENEFITS .......................................................... 22
6.1 Employment ................................................................... 22
6.2 Compensation and Benefits - U.S. Employees ................................... 23
6.3 Severance and WARN Act ....................................................... 24
6.4 Health Care Continuation Liability ........................................... 24
6.5 Pension Plan ................................................................. 24
6.6 Savings Plan ................................................................. 26
6.7 Labor Agreements ............................................................. 27
ARTICLE 7. PRE-CLOSING COVENANTS .................................................................... 27
7.1 [Intentionally left blank] ................................................... 27
7.2 [Intentionally left blank] ................................................... 27
7.3 [Intentionally left blank] ................................................... 27
7.4 [Intentionally left blank] ................................................... 27
7.5 Workers' Compensation ........................................................ 27
7.6 Insurance-Primary Casualty Program ........................................... 27
7.6.1 Claims Responsibility and Procedures ............................ 27
7.7 No Inconsistent Action ....................................................... 28
7.8 [Intentionally left blank] ................................................... 28
7.9 Non-Solicitation ............................................................. 28
7.10 Refunds and Remittances ...................................................... 28
7.11 Enforcement of Confidentiality Provisions .................................... 28
7.12 Novation of Government Contracts ............................................. 28
7.13 Further Actions .............................................................. 28
7.14 Letters of Credit ............................................................ 29
7.15 1985 Capitalization of ELAC .................................................. 29
7.16 MCDV Subcontract ............................................................. 29
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ARTICLE 8. CONDITIONS TO CLOSING .................................................................... 30
8.1 Conditions to the Obligations of Purchaser .................................. 30
8.2 Conditions to the Obligations of Sellers .................................... 31
ARTICLE 9. TERMINATION AND SURVIVAL ................................................................. 31
9.1 Termination ................................................................. 31
9.2 Effect of Termination ....................................................... 32
ARTICLE 10. CLOSING DOCUMENTS ....................................................................... 32
10.1 Documents to be Delivered by Sellers ........................................ 32
10.2 Documents to be Delivered by Purchaser ...................................... 33
ARTICLE 11. POST CLOSING OBLIGATIONS ................................................................ 34
11.1 Further Assurances .......................................................... 34
11.2 Access to Books and Records ................................................. 34
11.3 Cooperation in Litigation ................................................... 34
11.4 Proprietary Information ..................................................... 34
11.5 Covenant Not to Compete ..................................................... 35
11.6 Change of Name .............................................................. 35
11.7 Tax Election ................................................................ 35
11.8 Research and Experimental Expenses .......................................... 35
11.9 Pooling Arrangement ......................................................... 35
ARTICLE 12. INDEMNIFICATION ......................................................................... 35
12.1 Indemnification by Sellers .................................................. 35
12.2 Tax Indemnification ......................................................... 36
12.3 Indemnification by Purchaser ................................................ 36
12.4 Indemnification Procedure ................................................... 37
12.5 Survival and Limitations .................................................... 38
12.6 Adjustment for Insurance and Taxes .......................................... 38
12.7 Environmental Liabilities ................................................... 39
12.8 Facility Sale Agreement ..................................................... 39
ARTICLE 13. MISCELLANEOUS ........................................................................... 39
13.1 Expenses ....................................................................... 39
13.2 Notices ........................................................................ 39
13.3 Confidentiality ................................................................ 40
13.4 Counterparts ................................................................... 40
13.5 Entire Agreement/Termination of December Agreement ............................. 40
13.6 Construction ................................................................... 41
13.7 Assignment ..................................................................... 41
13.8 Amendment ...................................................................... 41
13.9 Applicable Law ................................................................. 41
13.10 No Third Party Rights .......................................................... 41
13.11 Exhibits and Schedules ......................................................... 41
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13.12 Waivers .............................................................................. 41
13.13 Severability ......................................................................... 42
13.14 Bulk Sales Law ....................................................................... 42
13.15 Knowledge of Sellers ................................................................. 42
13.16 Personal Liability ................................................................... 42
EXHIBIT A -- License Agreement
EXHIBIT B -- Transition Services Agreement
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SCHEDULES
1 Products
1.1(a) Personal Property
1.3(j) Excluded Assets
4.6(a) Intellectual Property
4.6(c) Licensed Intellectual Property
4.6(d) Intellectual Property
4.7 Contracts
4.8 Title and Leases
4.9 Litigation
4.10 Environmental Disclosure
4.11 Benefit Plans and Policies
4.12 Material Changes
4.14 Compliance with Law
4.15 Consents
4.16 ELAC Taxes
4.17 Permits and Licenses
4.19 Labor Relations
4.19(x) Labor Relations
4.21(a) - (e) Government Contracts
4.22 Government Furnished Equipment
4.23 Entire Business
4.25 Insurance
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4.26 Affiliate Transactions
6.2(a) Retention Agreements
6.5(b) Actuarial Methods and Assumptions
7.15 Letters of Credit
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ASSET PURCHASE AGREEMENT
ASSET PURCHASE AGREEMENT (the "Agreement") dated as of March 30, 1998 among
AlliedSignal Inc., a Delaware corporation ("AlliedSignal"), AlliedSignal
Technologies, Inc., an Arizona corporation and a wholly owned subsidiary of
AlliedSignal ("ASTI"), AlliedSignal Deutschland GmbH, a German corporation and a
wholly owned subsidiary of AlliedSignal ("AS Deutschland" and, collectively with
ASTI and AlliedSignal, the "Sellers"), and L-3 Communications Corporation, a
Delaware corporation ("Purchaser").
WITNESSETH:
WHEREAS, AlliedSignal is engaged exclusively through AlliedSignal's Ocean
Systems business unit ("Ocean Systems") and through AlliedSignal ELAC Nautik
GmbH ("ELAC"), a wholly owned subsidiary of AS Deutschland, in the business (the
"Business") of developing, manufacturing and selling the products and services
(the "Products") listed on Schedule 1 hereto, together with services associated
with such Products; all of which Products as produced by the Business during the
last 24 months are listed in Schedule I hereto;
WHEREAS, certain of the intellectual property used by Ocean Systems is
owned by ASTI;
WHEREAS, AlliedSignal desires to sell and Purchaser desires to purchase the
assets of Sellers primarily related to, or used primarily in connection with,
the Business as described herein.
NOW, THEREFORE, in consideration of the mutual covenants, agreements
representations and warranties contained herein, the parties agree as follows:
ARTICLE 1. PURCHASE AND SALE
1.1 Purchase and Sale of Assets and Stock. Subject to the terms and
conditions of this Agreement and except as otherwise provided herein, at the
Closing (as defined in Section 2.1), Sellers shall sell, convey, transfer,
assign and deliver to Purchaser, and Purchaser shall purchase and accept from
Sellers, all direct or indirect right, title and interest of Sellers in the
assets, whether tangible or intangible, real or personal, primarily related to,
or used primarily in connection with, the Business prior to the Closing, other
than Excluded Assets (as defined in Section 1.3), together with all of AS
Deutschland's right, title and interest in the ELAC capital stock described in
Section 1.1(o) below (the "Assets"), including, without limitation, the
following:
(a) all machinery and equipment, fixtures, furniture, office
equipment, vehicles, boats, ships, tools and other tangible personal
property set forth on Schedule 1.1(a) as of the date indicated thereon
(collectively, the "Personal Property");
(b) all accounts receivable and other receivables as of the Closing
Date, whether recorded or unrecorded (the "Accounts Receivable");
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(c) all inventory and other supplies on hand, in transit or on order
as of the Closing Date, wherever located, including raw materials,
work-in-process and finished goods (the "Inventory");
(d) subject to the exclusions set forth in Section 1.3(f) and (h), 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 (including, but not limited to, the "Ocean
Systems" trade name), brand 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; and (iv) rights to obtain reissues,
re-examinations, continuations, continuations-in-part, divisions,
extensions, renewals or other legal protections pertaining to the foregoing
(the "Intellectual Property");
(e) all contracts, agreements, arrangements and/or commitments (the
"Contracts");
(f) all transferable governmental and other permits, licenses,
approvals, certificates of inspection, filings, franchises and other
authorizations relating to the Assets including, but not limited to, those
listed in Schedules 4.10 and 4.17 hereto (the "Permits and Licenses");
(g) prepaid expenses, except insurance premiums, but only if and to
the extent of the benefit conferred by such prepaid expenses to the
Business after the Closing Date;
(h) all transferable rights of Sellers pursuant to any express or
implied warranties, representations or guarantees relating to any Personal
Property or made by suppliers furnishing goods or services to Sellers;
(i) all lists, files and documents, including, but not limited to, all
business records, tangible data, computer software, electronic media and
management information systems, disks, files, customer lists, supplier
lists, blueprints, specifications, designs, drawings, plans, operation or
maintenance manuals, bids, personnel records, policy manuals, invoices,
credit reports, sales literature, tax, financial and accounting records and
all other books and records (the "Books and Records").
(j) all interests in real estate, whether leased or owned, excluding
the land, building and improvements located at Sylmar, California (the
"Facility"),
(k) all security (including cash) deposited with third parties and all
security bonds;
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(1) all goodwill and going concern value (without any representation
as to any value thereof);
(m) all claims, causes of action, choses in action, rights of
recovery and rights of set-off of any kind against other parties (other
than those related to Excluded Assets or Excluded Liabilities);
(n) all insurance proceeds arising out of or related to damage,
destruction or loss of any property or asset of or used primarily in
connection with the Business to the extent of any damage or destruction
that remains unrepaired, or to the extent any property or asset remains
unreplaced, at the Closing Date; and
(o) all the issued and outstanding capital stock and rights in respect
of such capital stock of ELAC (the "ELAC Shares").
1.2 Non-Assignable Assets. Notwithstanding anything to the contrary
contained in this Agreement, to the extent the sale, assignment, transfer,
conveyance or delivery to Purchaser of any Asset, or any other item to be
delivered at Closing, such as a permit, license or consent, is prohibited by any
foreign, federal, state or local statutes, laws or regulations applicable to the
Assets or the operation of the Business (an "Applicable Law") or would require
any governmental or third party authorizations, approvals, consents or waivers
which shall not have been obtained prior to the Closing (after Sellers'
reasonable best efforts to obtain them), this Agreement shall not constitute a
sale, assignment, transfer, conveyance or delivery thereof. Following the
Closing, the parties shall use reasonable best efforts and cooperate with each
other to obtain promptly such authorizations, approvals, consents or waivers;
provided, however, that neither Sellers nor Purchaser shall be required to pay
any consideration therefor, other than filing, recordation or similar fees
payable to any governmental authority, which fees shall be paid in accordance
with Section 2.6. Pending such authorization, approval, consent or waiver, the
parties shall cooperate with each other in any commercially reasonable and
lawful arrangements designed to provide to Purchaser the benefits of use of such
Asset. Once such authorization, approval, consent or waiver is obtained, the
Sellers shall promptly assign, transfer, convey and deliver such Asset to
Purchaser for no additional consideration. To the extent that any such Asset
cannot be transferred or the full benefits of use of any such Asset cannot be
provided to Purchaser following the Closing, then Purchaser and Sellers shall
enter into such arrangements for no additional consideration from Purchaser
(including subleasing or subcontracting if permitted) to provide Purchaser the
economic (taking into account tax costs and benefits) and operational equivalent
of obtaining such authorization, approval, consent or waiver.
1.3 Excluded Assets. Notwithstanding anything to the contrary contained in
this Agreement, the following are not included in the Assets and not intended to
be sold, assigned, transferred or conveyed to Purchaser hereunder (the "Excluded
Assets"):
(a) assets primarily related to, or used primarily in connection with,
Sellers' businesses other than the Business, including, but not limited to,
the assets primarily related to, or used primarily in connection with,
Sellers' avionics repair and overhaul business conducted at the Facility;
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(b) except as set forth in Section 2.4, cash, cash equivalents and
overdrafts;
(c) intercompany receivables and intercompany prepaid expenses, other
than (i) trade receivables of the Business for goods delivered in the
ordinary course of business and (ii) the intercompany note receivable
between Ocean Systems and ELAC with respect to cash in the AlliedSignal
German cash pool (the "Intercompany Note");
(d) Books and Records which Sellers are required by law to retain;
provided, however, that in the event of such legal requirement, Sellers
shall retain copies of such Books and Records and deliver the original
Books and Records to Purchaser unless Sellers are legally obligated to
retain the original records in which case the copies of such Books and
Records shall be provided to Purchaser;
(e) the basic books and records of account and all supporting
vouchers, invoices and other records and materials relating to any or all
income taxes of Sellers; other than all such materials relating solely to
the Business and located at the Facility or at ELAC's headquarters in Kiel,
Germany (the "ELAC Facility");
(f) except as granted pursuant to Section 1.1(d) any right to use any
name or logo of Sellers or any Affiliate or any confusingly similar variant
or derivative thereof, including but not limited to "Allied-Signal",
"AlliedSignal", "Allied", "Allied Chemical," "Signal," "Bendix," "Bendix
Oceanics" or "Bendix Oceanics, Inc.";
(g) the insurance policies of Sellers, including without limitation
those pertaining to the Business and the Facility, and the rights of
Sellers thereunder;
(h) the Intellectual Property listed in Schedule 4.6 (c) (the
"Licensed Property");
(i) assets of employee benefit plans, except as provided in Article 6;
(j) the assets listed in Schedule 1.3(j); and
(k) the Facility.
1.4 Transfer of the Assets. Sellers shall sell, convey, transfer, assign
and deliver the Assets to Purchaser at the Closing by means of deeds, bills of
sale, assignments, endorsements, consents, certificates and such other good and
sufficient instruments of transfer in form and substance reasonably satisfactory
to Purchaser, and all in recordable form, where applicable, as shall be
necessary or appropriate to vest in Purchaser all right, title, ownership and
interest of Sellers in and to the Assets as provided in this Agreement or in the
Schedules hereto.
1.5 Sale and Transfer of ELAC Shares. Sellers shall cause to be delivered
to the Purchaser certificates representing the ELAC Shares, duly endorsed, or
accompanied by stock powers duly executed, with all necessary stock transfer
stamps attached thereto and cancelled,
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or such other assignments, deeds, share transfer forms, endorsements, notarial
deeds of transfer or other instruments or documents, duly stamped where
necessary.
1.6 License Agreement. On or prior to the Closing Date, ASTI and Purchaser
shall enter into a license agreement in the form attached hereto as Exhibit A,
with respect to the intellectual property identified in Schedule 4.6(c).
ARTICLE 2. CLOSING; PURCHASE PRICE
2.1 Closing Date and Place. On and subject to the conditions set forth
herein, the consummation of the purchase and sale contemplated hereby (the
"Closing") will take place at the offices of AlliedSignal in Morristown, NJ at
10:00 a.m., local time, on March 30, 1998, or at such other time and place as
shall be agreed upon by the parties hereto. The date upon which the Closing
occurs is referred to herein as the "Closing Date". The Closing shall be
effective as of 11:59 p.m. on the Closing Date. In addition, subsequent to the
Closing, Purchaser and Sellers shall call the notary in Europe in order to
perfect the transfer of the ELAC Shares by way of a notarial deed.
2.2 Purchase Price. (a) The purchase price to be paid by Purchaser for the
Assets including the ELAC Shares, is Sixty-Seven Million Five Hundred Thousand
Dollars ($67,500,000) (the "Purchase Price"). The Purchase Price shall be paid
by Purchaser in full at Closing in immediately available funds.
(b) The parties acknowledge the existence of a receivable relating to
a contract dated December 19, 1997 (the "Turkey Contract") pursuant to
which Ocean Systems is to supply to the Turkish Navy four (4) AQS-18A
dipping sonar systems, plus spares, ground support equipment and
performance testing (the "Turkey Receivable"). In the event that any cash
is received by AlliedSignal in respect of the Turkey Receivable, whether
before, on or after the Closing Date (each a "Turkey Cash Receipt"),
AlliedSignal shall pay to L-3 an amount in cash equal to all Turkey Cash
Receipts, on April 1, 1998, or if any Turkey Cash Receipt is received by
AlliedSignal after April 1, 1998, on the date of such receipt.
2.3 Income Taxes. As soon as reasonably practicable, the parties shall
prepare a calculation of income tax liability or tax benefit based on the income
or loss reflected on the books and records of the Business determined on a basis
consistent with prior periods (excluding any income or loss attributable to the
Turkey Contract) for the period beginning after December 31, 1997 (the
"Effective Date") and ending on the close of the Closing Date multiplied by
36.6%. The calculation of book income or loss for such period shall be computed
by means of a closing of the books and records of the Business as of the Closing
Date, and, to the extent not practical, by apportionment on the basis of elapsed
days. Buyer shall pay to Seller any such income tax liability and Seller shall
pay to Buyer any such income tax benefit within 60 days thereof.
2.4 Cash True-Up. Within fifteen business days after the Closing Date,
AlliedSignal shall prepare and deliver to Purchaser a schedule setting forth, on
a daily basis, the cash generated by the Business from 12:01 a.m. on the first
day following the Effective
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Date through and including the Closing Date. Purchaser shall have three business
days from receipt to review the schedule and AlliedSignal shall give Purchaser
reasonable access to its books and records for the purpose of confirming the
calculations of AlliedSignal pursuant to this Section 2.4. Any dispute with
respect to the schedule shall be resolved in good faith by the parties. Within
three business days after the expiration of such review period (or the
resolution of any dispute), Purchaser shall make payment to AlliedSignal if the
schedule shows a net cash usage by the Business during such period and
AlliedSignal shall make payment to Purchaser if the schedule shows net cash
generation during such period in an amount equal to such net cash usage or net
cash generation, as the case may be; provided, however, that if AlliedSignal
shall pay to Purchaser any amount pursuant to Section 2.2(b) in respect of a
Turkey Cash Receipt received on or prior to the Closing Date, and the amount of
such Turkey Cash Receipt would have been a cash generation under this Section
2.4 but for this proviso, then the amount of any such Turkey Cash Receipt shall
be excluded in calculating net cash generation or a cash usage under this
Section 2.4. Any payment to be made pursuant to this Section 2.4 shall be made
in immediately available funds by wire transfer to a bank account designated in
writing by the party entitled to receive the payment. AlliedSignal shall be
responsible for paying any checks outstanding as of the Effective Date.
2.5 Allocation of Purchase Price. The Sellers and the Purchaser agree to
allocate the Purchase Price of the Assets including the covenant not to compete,
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. Such allocation shall be mutually agreed between the Sellers and the
Purchaser. The Sellers and the Purchaser recognize that the Purchase Price does
not include Purchaser's acquisition expenses and that Purchaser will allocate
such expenses appropriately. Sellers and the Purchaser agree to act in
accordance with the computations and allocations as determined pursuant to this
Section 2.5 (including any modifications thereto reflecting any post-Closing
adjustments, such adjustments shall be allocated in accordance with the
character of each such adjustment, on a basis consistent with the allocation
under this Section 2.5) 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 foreign 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.
2.6 Payments. All payments required to be made pursuant to this Article 2
and other provisions of this Agreement shall be made in United States dollars in
immediately available funds by wire transfer to an account designated by the
party to receive payment in writing to the party making payment.
2.7 Transfer Taxes. Purchaser and Sellers shall each bear 50% of all sales,
transfer and similar taxes, duties or levies (other than taxes computed on the
basis of income) assessed or payable in connection with the transfer of the
Assets including the ELAC Shares to Purchaser, including notary fees relating to
the transfer of the ELAC Shares; provided that in no event shall Sellers be
required to pay more than $500,000 in respect thereof, including any amounts
paid by AlliedSignal pursuant to Section 2.4 of the real estate purchase
agreement, dated as of December 22, 1997 (the "Facility Sale Agreement"),
between AlliedSignal and Purchaser. Purchaser and Sellers agree to cooperate
with one another to try
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to minimize such taxes to the extent practicable without additional costs or
liabilities to Purchaser or Sellers. To the extent any exemptions from such
taxes are available, Purchaser and Sellers shall cooperate to obtain and prepare
all required resale or other exemption certificates with respect to the Assets
and the ELAC Shares.
ARTICLE 3. ASSUMPTION OF LIABiLITIES AND OBLIGATIONS
3.1 Assumed Liabilities. Except for the Excluded Liabilities, Purchaser
shall, without any further responsibility or liability of, or recourse to,
Sellers, except as set forth herein, absolutely and irrevocably assume and be
solely liable and responsible for any and all liabilities and obligations of any
kind or nature, whether foreseen or unforeseen, known or unknown, existing or
which may arise in the future, fixed or contingent, matured or unmatured, to the
extent primarily related to the Business or the Assets prior to, on, or
following the Closing Date (the "Assumed Liabilities") including, but not
limited to:
(a) obligations to fill purchase orders of customers of the Business
to the extent such orders are unfilled on the Closing Date;
(b) obligations incurred through the Closing Date to purchase or pay
for goods and services for the Business to be received on or after the
Closing Date;
(c) obligations and liabilities under the Contracts; provided that any
Contract as to which consent to assignment is required but has not been
obtained shall not be deemed an Assumed Liability until Purchaser has
obtained the benefits of such Contract;
(d) obligations and liabilities under licenses and permits of the
Business that are transferred or assigned to Purchaser (but only to the
extent so transferred or to the extent Purchaser receives the benefits
thereunder pursuant to Section 1.2); and
(e) obligations and liabilities specifically assumed or undertaken by
Purchaser hereunder.
3.2 Excluded Liabilities. Notwithstanding anything to the contrary
contained in this Agreement, the liabilities and obligations of Sellers which
are not to be assumed or retained by Purchaser hereunder (the "Excluded
Liabilities") include, but are not limited to, the following:
(a) obligations and liabilities for all Taxes relating to the Business
for all periods prior to the Effective Date;
(b) obligations and liabilities arising out of or related to past,
present or future actions, suits, claims, disputes, investigations and
other proceedings relating to the ownership or operation of the Assets or
the Business on or prior to the Effective Date, including, but not limited
to, the items referred to in Schedule 4.9;
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(c) obligations and liabilities related to employees, including former
employees, not expressly assumed by Purchaser pursuant to Article 6 hereof;
(d) all obligations and liabilities (whether or not the subject of any
claim by a third party), fixed or contingent, known or unknown, under any
Environmental Laws as have been, are or may in the future be in effect
arising out of or relating to (i) the operation of the Business on or prior
to the Effective Date or the use or ownership of any real property
(including, without limitation, the Facility) used in the Business on or
prior to the Effective Date, including without limitation, the disposal or
arrangement for the disposal of Materials of Environmental Concern prior to
the Effective Date and (ii) the presence of contamination by Materials of
Environmental Concern at or emanating from any real property (whether
leased or owned) used in the Business prior to the Effective Date
("Environmental Liabilities");
(e) all obligations and liabilities for non-trade accounts payable to
Sellers and their Affiliates (other than the Intercompany Note);
(f) all obligations, liabilities, expenses or charges to earnings or
reserves taken in connection with any restructuring program of
AlliedSignal;
(g) all debts, obligations or liabilities whatsoever to the extent not
primarily related to the Business or the Assets; and
(h) all other obligations and liabilities for which Sellers have
expressly assumed responsibility pursuant to this Agreement.
ARTICLE 4. REPRESENTATIONS AND WARRANTIES OF SELLERS
Sellers jointly and severally represent and warrant to Purchaser as
follows:
4.1 Corporate Status. AlliedSignal is a corporation duly organized, validly
existing and in good standing under the laws of Delaware, and has full power and
authority and all governmental licenses, authorizations, material consents and
approvals required to carry on the Business as now conducted and own all of its
properties and assets. ASTI is a corporation duly organized, validly existing
and in good standing under the laws of Arizona. AS Deutschland and ELAC are
corporations duly organized, validly existing and in good standing under the
laws of the Federal Republic of Germany. Each Seller has all requisite corporate
and other power and authority to enter into, execute and deliver this Agreement
and any other agreements contemplated hereby (the "Other Agreements") and to
perform its respective obligations and consummate the transactions contemplated
hereunder and thereunder in accordance with the terms of this Agreement. Each
Seller is duly qualified to do business in each jurisdiction in which the
failure to be so qualified would have a material adverse effect on the Sellers'
conduct of the Business.
4.2 Authorization. All corporate and other proceedings required to be taken
by or on the part of each of the Sellers to authorize Sellers to enter into and
carry out this Agreement have been, or prior to the Closing will be, duly and
properly taken. This
8
Agreement has been, and on the Closing Date each of the Other Agreements will
be, duly authorized, executed and delivered by each Seller and this Agreement
constitutes, and each Other Agreement will upon execution and delivery thereof
constitute, a legal and binding obligation of Sellers, valid and enforceable
against each Seller in accordance with their respective terms, subject to laws
of general application relating to bankruptcy, insolvency and the relief of
debtors and the rules of law governing specific performance, injunctive relief
and other equitable remedies.
4.3 Compliance. Except for (i) the expiration or termination of all
applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976, as amended (the "HSR Act") and under any similar German national or
European Union law and (ii) any novations pursuant to Section 7.12 and any
consents listed on Schedule 4.15, the execution, delivery and performance of
this Agreement and Other Agreements by Sellers and the consummation of the
transactions contemplated hereby and thereby (a) will not violate (with or
without giving of notice or the lapse of time or both), or require any consent,
approval, filing or notice under any provision of any licenses, permits,
approvals, consents, certificates of public convenience, orders, franchises and
other authorizations of any federal, state, local or foreign governmental
authority (collectively, "Licenses"), law, rule or regulation, court or
administrative order, writ, judgement or decree applicable to Sellers, the
Business or any of the Assets or the Assumed Liabilities other than the
facilities clearance requirements of the Defense Investigative Services of the
United States Department of Defense ("DIS"), as set forth in the DIS Industrial
Security Regulation and the DIS Industrial Security Manual, as each may be
amended from time to time and (b) will not (with or without the giving of notice
or the lapse of time or both) (I) violate or conflict with, or result in the
breach, suspension or termination of any provision of, or constitute a default
under, or result in the acceleration of the performance of the obligations of
Sellers under, or (II) result in the creation of any lien, mortgage, pledge,
security interest, claim, charge or encumbrance or other material restriction of
any kind or nature (collectively, "Liens") upon the Business or the Assets
pursuant to, as the case may be, the articles of incorporation, by-laws or other
organization documents of any Seller or any material agreement, lease, mortgage,
note, deed of trust, lease, bond, indenture, license or other document or
undertaking, oral or written, to which any Seller is a party or by which any
Seller is bound and by which any of the Assets or the Business may be affected.
4.4 [Interntionally left blank]
4.5 Personal Property. In all material respects, the Personal Property and
the machinery and equipment, fixtures, furniture, office equipment, vehicles,
boats or ships, tools and other tangible personal property of ELAC have been
maintained in accordance with standard industry practices, are in reasonable
working condition (normal wear and tear excepted) and are sufficient for the
conduct of the Business as it is currently being conducted.
9
4.6 Intellectual Property.
(a) Schedule 4.6(a) lists all Intellectual Property owned or used by
the Business that is issued or registered by or filed with any governmental
agency, and all licenses of Intellectual Property used by the Business to
or from third parties.
(b) The Sellers own or have the right to use all Intellectual Property
necessary to conduct the Business substantially as it is currently
conducted and consistent with past practice.
(c) Schedule 4.6(c) lists all Intellectual Property not included in
the Assets, the use of which is necessary for the Business as it is
currently conducted. AlliedSignal and ASTI will grant to Purchaser a
license to such Intellectual Property pursuant to the license agreement
referred to in Section 1.6 of this Agreement.
(d) Except as set forth on Schedule 4.6(d): (i) all material
Intellectual Property owned or used by the Business is unexpired, has not
been abandoned and, to the Knowledge of Sellers, does not infringe or
otherwise impair the intellectual property rights of any third party; (ii)
no material Intellectual Property owned or used by the Business is the
subject of any license, security interest, Lien or other agreement granting
rights therein to any third party other than licenses listed on Schedule
4.6(d); (iii) no judgment, decree, injunction, rule or order has been
rendered by any governmental entity, no action, suit or proceeding is
currently pending and Sellers have not received written notice, and to the
Knowledge of Sellers there are no threatened suits, actions or proceedings,
which would limit, cancel or question the validity of, or Sellers' rights
in and to any material Intellectual Property; and (iv) the Company and its
subsidiaries have taken reasonable steps to protect, maintain and safeguard
their material Intellectual Property, including any Intellectual Property
for which improper or unauthorized disclosure would impair its value or
validity, and have executed appropriate nondisclosure and confidentiality
agreements and made appropriate filings and registrations in connection
with the foregoing.
4.7 Contracts and Bindin2 Commitments. Schedule 4.7 lists the Contracts and
the contracts, agreements and/or commitments of ELAC that are material to the
operation of the Business taken as a whole (the "Agreements"). Except as set
forth on Schedule 4.7, each of the Agreements is a valid and binding agreement
of the Seller which is a party thereto or ELAC and is in full force and effect.
True and complete copies of all the Agreements have been delivered to Purchaser
or otherwise made available for inspection by Purchaser. All the Agreements are
in full force and effect. Except as set forth on Schedule 4.7, to the Knowledge
of Sellers neither AlliedSignal nor ELAC, as the case may be, is in default in
any material respect under any of the Agreements and to the Knowledge of Sellers
there has been no material default under any of the Agreements by any other
party thereto. AlliedSignal is not obligated to list in Schedule 4.7 any
agreement, contract or commitment identified elsewhere in this Agreement or any
Schedule hereto, or if such agreements, individually and together with all such
other agreements which are not listed on Schedule 4.7 pursuant to this sentence,
are not material to the Business taken as a whole and (a) such agreement,
contract or commitment, is related to the sale or furnishing of products or
services by AlliedSignal or ELAC and has a price of less than $75,000 in the
case of AlliedSignal or DM 100,000 in the
10
case of ELAC; (b) such agreement, contract or commitment, if related to the
purchase of materials, supplies, equipment, merchandise or services, imposes a
payment obligation on AlliedSignal or ELAC of less than $75,000; or (c) the
disclosure of such agreement, contract or commitment is proscribed by the terms
of such document or by the provisions of a governmental security agreement or
regulation; provided that if such agreements, individually or in the aggregate,
are material to the Business, a summary of the material terms of such agreement
have been delivered to a properly authorized officer or employee of Purchaser in
accordance with Applicable Law.
4.8 Title. Except as set forth in Schedule 4.8, each Seller and ELAC holds
the entire legal, equitable and beneficial title in and will transfer to
Purchaser good (and, in the case of real property, marketable) title to, or a
valid and binding leasehold interest in, its property included in the Assets
free and clear of all Liens other than (i) Liens for taxes not yet due and
payable or being contested in good faith for which adequate reserves are being
maintained in accordance with United States generally accepted accounting
principles ("GAAP"), and (ii) encumbrances that do not, and are not reasonably
expected to, individually or in the aggregate, materially adversely affect the
value of the Assets subject thereto or the ability of AlliedSignal, ELAC or
Purchaser to conduct the Business as it is now being conducted (collectively,
"Permitted Liens").
4.9 Litigation. Except as disclosed in Schedule 4.9, there is not any
action, suit, proceeding, arbitration or litigation, pending or to the Knowledge
of Sellers threatened against Sellers or to the Knowledge of Sellers any
investigation pending or threatened, relating to the Business, the Assets, the
Assumed Liabilities or the transactions contemplated by this Agreement that
could reasonably be expected to result in any material judgment against,
material liability of, or have a material adverse effect on the Business taken
as a whole. Sellers are not in violation of any term of any judgment, writ,
decree, injunction or order entered by any court or governmental authority
(domestic or foreign) and outstanding against Sellers or with respect to the
Business or any of Sellers' assets (including the Assets) or properties, except
for such violations which could not, individually or in the aggregate, have a
material adverse effect on the Sellers or the Business. An action, suit,
proceeding, investigation, arbitration or litigation shall be considered
"threatened" for purposes of this Section 4.9 if any of the persons referred to
in Section 13.15 shall have received a written notice or communication
reasonably indicating to a business person that an action, suit, investigation,
or proceeding will be commenced.
4.10 Environmental Matters. (a) Except as set forth on Schedule 4.10 to the
Knowledge of Sellers: (i) the Business complies and has complied in all material
respects with all applicable Environmental Laws, and possesses and complies and
has possessed and complied in all material respects with all Environmental
Permits (all of which are identified accordingly on Schedule 4.10 and are
transferrable as a routine matter to Purchaser); (ii) there are and have been no
Materials of Environmental Concern, or other conditions, at any property owned,
operated, or otherwise used by the Business now or in the past, or at any other
location, that could give rise to any material liability to the Business under
any Environmental Law or result in material costs to the Business arising out of
any Environmental Law; (iii) no judicial, administrative, or arbitral proceeding
(including any notice of violation or alleged violation) under any Environmental
Law is pending or
11
threatened in writing with respect to the Business, nor is the Business the
subject of any investigation or the recipient of any request for information in
connection with any such proceeding; (iv) there are no past or present
conditions, circumstances, practices, plans, or legal requirements that could be
expected to prevent the Business from, or materially increase the burden on the
Business of, complying in all material respects with applicable Environmental
Laws or obtaining, renewing, or complying in all material respects with all
Environmental Permits required under such laws.
(b) The Sellers have provided or made available to Purchaser true and
complete copies of all Environmental Reports in their possession or
control.
(c) Any costs, estimates, projections or other predictions contained
or referred to in Schedule 4.10 are not, and shall not be deemed to be,
representations or warranties of Allied Signal.
(d) For purposes of this Agreement, the following terms shall have the
following meaning:
"Environmental Laws" shall mean any and all laws, rules, orders,
regulations, statutes, ordinances, guidelines, codes, decrees, or other
legally enforceable requirement (including, without limitation, common law)
of the United States or any other national government, or any state, local,
municipal or other governmental authority, regulating, relating to or
imposing liability or standards of conduct concerning protection of the
environment or of human health, or employee health and safety as of the
Closing Date.
"Environmental Permits" shall mean any and all permits, licenses,
approvals, registrations, notifications, exemptions and any other
authorization required of the Business under any Environmental Law.
"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 materially
adversely affect the Business.
"Materials of Environmental Concern" shall mean any gasoline or
petroleum (including crude oil or any fraction thereof) or petroleum
products, polychlorinated biphenyls, urea-formaldehyde insulation,
asbestos, pollutants, contaminants, radioactivity, and any other substances
or forces of any kind, whether or not any such substance or force is
defined as hazardous or toxic under any Environmental Law, that is
regulated pursuant to or could give rise to liability under any
Environmental Law.
4.11 Employee Benefit Plans and Policies. Schedule 4.11 lists all of the
employment, severance, change-of-control, stock purchase, stock option, fringe
benefits, incentive, bonus, pension, welfare, shop agreements or other employee
benefit plans and policies maintained or contributed to by Sellers or ELAC for
the Business or in which employees of the Business or managing directors of
ELAC, including employees or managing
12
directors of ELAC on short-term disability, medical, sick or other leave of
absence (the "Employees"), are entitled to participate (collectively the
"Benefit Plans") and copies of all such written Benefit Plans have been made
available to Purchaser. Except as listed on Schedule 4.11, (a) such Benefit
Plans that cover U.S. Employees ("U.S. Benefit Plans") comply in all material
respects, to the extent applicable, with the requirements of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), and the Internal
Revenue Code of 1986, as amended (the "Code") and all other applicable laws,
rules and regulations; (b) none of the U.S. Benefit Plans subject to Part 3
Subtitle B of Title I of ERISA has incurred any "accumulated funding deficiency"
within the meaning of Section 302 of ERISA or Section 412 of the Code; (c) no
material liability, other than required premium payments, to the Pension Benefit
Guaranty Corporation has been incurred with respect to any of the U.S. Benefit
Plans subject to Title IV of ERISA; (d) AlliedSignal has not incurred any
material liability for any tax imposed under Section 4975 of the Code or Part 4
Subtitle B of Title I of ERISA with respect to any of the U.S. Benefit Plans;
(e) none of the U.S. Benefit Plans is a multiemployer plan within the meaning of
Section 3(37)(A) of ERISA. Except as otherwise is provided in this Agreement,
all contributions to the U.S. Benefit Plans that were required to be made under
such U.S. Benefit Plans as of the date hereof have been paid, accrued or
otherwise adequately reserved or disclosed in accordance with GAAP as of such
date; and (f) each Benefit Plan covering non-U.S. Employees complies in all
material respects with all Applicable Laws, rules and regulations.
4.12 Material Changes. Except as set forth on Schedule 4.12 or as
communicated to Steven Schorer or any individual who directly reports to Mr.
Schorer or Purchaser, since December 31, 1997, there has been no:
(a) Lien created on any Asset or ELAC Asset, except Permitted Liens;
(b) capital expenditures or commitment to make any such expenditures
with respect to the Assets or the ELAC Assets, except with respect to any
such expenditures or commitments incurred prior to the date hereof, to the
extent such expenditures and commitments do not exceed, when combined with
any expenditures permitted under Section 4.7(d) of the Facility Sale
Agreement, $2,100,000 in the aggregate;
(c) rights of substantial value knowingly waived with respect to the
Assets or the Business; or
(d) sale or transfer of any Assets or ELAC Assets other than
dispositions of inventory and obsolete or worn out equipment in the
ordinary course of business.
(e) (i) (x) contract, agreement, proposal or other commitment entered
into for the purchase of goods or services which is not terminable by the
parties upon 30 days' notice or less without penalty or which involves
aggregate consideration in excess of $250,000 or (y) agreement, bid,
proposal or other commitment entered into for the sale of goods or services
which is not terminable by the parties upon 30 days' notice or less without
penalty or which involves aggregate consideration in excess of $5 million
or which would result in a loss in excess of $100,000 for any individual
contract or $250,000 in the aggregate, (ii) amendment, supplement, waiver
or modification of any contract or agreement included in
13
the Assets or the ELAC Assets, other than in the ordinary course of
business consistent with past practice and (iii) Affiliate that has been
permitted to do, or agree, in writing or otherwise, to do, any of the
foregoing;
(f) except as required by Applicable Law or to the extent required
under existing employee and director benefit plans, agreements or
arrangements as in effect on the date of this Agreement, (i) increase in
the compensation or fringe benefits of any of the President of Ocean
Systems and his direct reports or other employees (including any such
increase pursuant to any deferred compensation, severance, bonus, pension,
profit-sharing or other plan or commitment), except for increases, in the
ordinary course of business consistent with past practice, in salary or
wages of employees who are not senior managers of the Business, (ii) grant
of any severance or termination pay, (iii) hire, except in the ordinary
course of business, of any new employees or consultants or (iv) amendment
or termination, or any agreement to amend or terminate, any collective
bargaining, bonus, profit sharing, thrift, compensation, pension,
retirement, deferred compensation, employment, termination, severance or
other plan, agreement, trust, fund, policy or arrangement for the benefit
of the President of Ocean Systems and his past or present direct reports or
any other past or present employees of the Business (except for changes in
AlliedSignal benefit plans generally);
(g) (i) transaction with or for the benefit of any other division or
business of Seller or any Affiliate of Seller except as is set forth in
Schedule 4.26 and (ii) Affiliate has been permitted to do, or agree, in
writing or otherwise, to do, any of the foregoing;
(h) (i) waiver of any material claims or rights relating to the
Business or the Assets or (ii) Affiliate has been permitted to do, or
agree, in writing or otherwise, to do, any of the foregoing;
(i) acquisition of or agreement to acquire, by merging or
consolidating with, or by purchasing a substantial portion of the stock or
assets of, or by any other manner, any business or any corporation,
partnership, joint venture, association or other business organization or
division thereof;
(j) except for performance guarantees issued in the ordinary course of
business consistent with past practice, incurrence of any indebtedness for
borrowed money, or guarantee of any such indebtedness of another person,
issuance or sale of any debt securities or warrants or other rights to
acquire any debt securities of the Sellers, guarantee of any debt
securities of another person, entrance into any "keep well" or other
agreement to maintain any financial statement condition of another person
or entrance into any arrangement having the economic effect of any of the
foregoing, or loans, advances or capital contributions to, or investments
in, any other person; or
(k) license or agreement entered into with respect to the Intellectual
Property.
14
4.13 [Interntionally left blank]
4.14 Compliance with Law. Except as set forth on Schedule 4.14, Sellers and
ELAC are not in violation of any Applicable Law which, individually or in the
aggregate, would have a material adverse effect on the operation of the
Business, and Sellers and ELAC have not received any notice in writing alleging
any such defaults or violations or potential defaults or violations.
4.15 Consents. Except as set forth in Schedule 4.15, no action, approval,
consent or authorization, including but not limited to any action, approval,
consent or authorization by any third party, financial institution, governmental
or quasi-governmental agency, commission, board, bureau or instrumentality, is
necessary to make this Agreement or any of the Other Agreements or instruments
to be executed and delivered pursuant hereto a legal, valid and binding
obligation of Sellers or ELAC or to consummate the transactions contemplated
hereunder.
4.16 Taxes. All Taxes (as hereinafter defined) with respect to the Business
that are due and payable or which relate to tax periods ending on or prior to
the Closing Date have been or will be duly and properly computed, reported,
fully paid and discharged by Sellers. 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 Assets or the ELAC Assets, except for current
Taxes not yet due and payable or reserved for in the Financial Statements.
Except as set forth on Schedule 4.16, there has been filed by or on behalf of
ELAC all material returns, declarations, statements, reports, schedules, forms
and information returns and any amended tax returns relating to any Taxes (the
"Tax Returns"). All such material Tax Returns are true, complete and correct in
all material respects and all Taxes shown as due on such Tax Returns have been
or will be paid in a timely fashion by Sellers prior to Closing or have been
accrued for on ELAC's financial statements. Except as set forth on Schedule
4.16, no audit or other proceeding by any Governmental Authority, or similar
person is pending, or to the Knowledge of Sellers, is threatened with respect to
any material Taxes due from or with respect to ELAC. No material issues relating
to Taxes were raised in writing by the relevant taxing authority during any
audit or examination. Except as set forth in Schedule 4.16, ELAC is not a party
to or bound by (nor will it become a party to or bound by prior to the Closing
Date) any tax indemnity, tax sharing, or tax allocation agreement. 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 ELAC has been executed or filed
with any Governmental Authority. ELAC is not, nor has it ever been, a member of
a U.S. consolidated, combined unitary tax group. As used herein, the term
"Taxes" shall include all federal, state, local and foreign taxes, assessments
or other governmental charges (including, without limitation, net income, gross
income, excise, franchise, sales and value added taxes, taxes withheld from
employees' salaries and other withholding taxes and obligations and all deposits
required to be made with respect thereto), levies, assessments, deficiencies,
import duties, licenses and registration fees and charges of any nature
whatsoever, including any interest, penalties, additions to tax or additional
amounts with respect thereto, imposed by any government or taxing authority,
provided, however, that the term "Taxes" does not include the taxes, duties and
levies referred to at Section 2.6.
15
4.17 Permits and Licenses. Schedule 4.17 attached hereto lists all material
governmental or other permits, licenses, approvals, certificates of inspection,
filings, franchises and other authorizations, other than those relating to the
environment, that are issued to, or held or used by Sellers or ELAC, or for
which Sellers or ELAC have applied, in connection with the current operation of
the Business, and any limitations thereto. Except as listed in Schedule 4.17,
Sellers and ELAC have all material governmental or other permits, licenses,
approvals, certificates of inspection, filings, franchises and other
authorizations, other than those relating to the environment, that are necessary
to own and operate the Assets and the ELAC Assets and to conduct the Business as
it is currently being conducted, and Sellers and ELAC have not received notice
alleging that any other material governmental or other permits, licenses,
approvals, certificates of inspection, filings, franchises and other
authorizations, other than those relating to the environment, are required.
"Material" for purposes of this Section 4.17 shall include but not be limited to
permits, licenses and other authorizations which are required to own or operate
the Assets or ELAC Assets owned or operated by Sellers and used for the
production of products in the Business.
4.18 Ownership of ELAC Shares. The ELAC Shares constitute all of the issued
and outstanding shares of capital stock of ELAC. The ELAC Shares have been duly
authorized and validly issued and are fully paid and nonassessable. There are no
securities convertible into or exchangeable or exercisable for ELAC Shares or
any options, warrants or other rights to acquire ELAC Shares. AS Deutschland is
the sole legal and beneficial owner of the ELAC Shares and owns the ELAC Shares
free and clear of any Liens, restrictions, options or rights in others,
encumbrances or other claims, rights of first offer or first refusal, or voting
agreements, and AS Deutschland has full legal right, power and authority to
enter into this Agreement and to transfer and deliver good and valid title to
the ELAC Shares hereunder. At the Closing, Purchaser shall receive good and
valid title to the ELAC Shares free and clear of any Liens other than as created
by Purchaser. ELAC does not constitute a material part of the assets of AS
Deutschland.
4.19 Labor Relations. Except as set forth on Schedule 4.19, (i) there is no
employment agreement, collective bargaining agreement, shop agreement or written
personnel policy applicable to Employees of the Business nor are any such
agreements or policies presently negotiated; (ii) there is no current labor
strike, slowdown or work stoppage or pending lockout, dispute or other labor
controversy in effect, or to the Knowledge of Sellers threatened against or
otherwise affecting the Business, and the Business has not experienced such
labor controversy in the past five years; (iii) there is no unfair labor
practice charge or complaint pending or, to the Knowledge of Sellers, threatened
against or otherwise affecting the Business; (iv) no representation question
exists or has been raised respecting any of the Employees of the Business within
the past five years, nor to the Knowledge of Sellers are there any campaigns
being conducted to solicit cards from Employees of the Business to authorize
representation by any labor organization; (v) no action, suit, complaint,
charge, arbitration, grievance, inquiry, proceeding or investigation by or
before any court, governmental agency, administrative agency or commission
brought by or on behalf of any Employee, prospective employee, former employee,
retiree, labor organization or other representative of the Business's Employees
is pending or, to the Knowledge of Sellers, threatened against the Business;
(vi) the Sellers and ELAC are not party to, or otherwise bound by, any consent
decree with, or citation by, any Government agency relating to
16
Employees or employment practices; (vii) the Sellers and ELAC are in compliance
in all material respects with all Applicable Laws, agreements, contracts, and
policies relating to employment, employment practices, wages, hours, and terms
and conditions of employment; (viii) other than to the extent accrued in the
financial statements of the Business in accordance with GAAP, the Sellers and
ELAC have paid in full to all Employees of the Business all wages, salaries,
commissions, bonuses, benefits and other compensation due to such employees or
otherwise arising under any policy, practice, agreement, plan, program, statute
or other law; (ix) the Sellers and ELAC are not liable for any severance pay or
other payments to any Employee, or former employee arising from the termination
of employment, nor will the Business have any liability under any benefit or
severance policy, practice, agreement, plan, or program which exists or arises,
or may be deemed to exist or arise, under any Applicable Law or otherwise, as a
result of or in connection with the transactions contemplated hereunder or as a
result of the termination by the Business of any persons employed by the Sellers
on or prior to the Closing Date except to the extent accrued on the Closing
Balance Sheet; (x) except as set forth in Schedule 4.19(x), the Sellers and ELAC
have not closed any Business plant or facility, effectuated any layoff of
Employees or implemented any early retirement, separation or window program
which within the past five years, nor have the Sellers or ELAC planned or
announced any such action or program for the future; (xi) the Sellers and ELAC
are in compliance with their obligations pursuant to the Worker Adjustment and
Retraining Notification Act of 1988, and Sellers and ELAC are in compliance with
all other notification and bargaining obligations arising under any collective
bargaining agreement, statute or otherwise.
4.20 Brokerage Fees. No person is entitled to any brokerage or finder's fee
or other commission from Sellers in respect of this Agreement or the
transactions contemplated hereby except Bear, Stearns & Co. Inc. (whose fee
shall be paid by Sellers).
4.21 Government Contracts. (a) With respect to each and every Government
Contract or bid to obtain a Government Contract to which Sellers or ELAC are a
party, and which relates to the Business, and except as set forth in Schedule
4.21(a): (i) Sellers and ELAC have 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) Sellers and ELAC
have 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 to the Knowledge of Sellers accurate in every
material respect as of their effective date and Sellers and ELAC to the
Knowledge of Sellers have fully complied with all such representations and
certifications in every material respect; and (iv) no termination for default,
cure notice or show cause notice has been issued or, to the Knowledge of Sellers
will be issued, (v) neither the U.S. Government nor any non-U.S. government nor
any prime contractor, subcontractor or other entity person has notified in
writing any of the Sellers or ELAC that any of the Sellers or ELAC has breached
or violated any Applicable Law, certification, representation, clause provision
or requirement pertaining to such Government Contract or bid; (vi) no cost
incurred by the Sellers or ELAC pertaining to such Government Contract or bid
has been questioned or challenged, is the subject of any investigation or has
been disallowed by the U.S. Government or any non-U.S. government; (vii) no
money due to the Sellers or ELAC pertaining to such Government Contract or bid
has been withheld or set
17
off and the Sellers or ELAC are entitled to all progress payments with respect
thereto and (viii) each Government Contract is valid and in full force and
effect. As used herein, "Government Contract" means any open contract relating
to the Business between any of Sellers or ELAC and (x) the U.S. Government or
any non-U.S. government, (y) any prime contractor of the U.S. Government or any
non-U.S. government or (z) any subcontractor at any tier with respect to any
contract described in clauses (x) and (y) above.
(b) To the Knowledge of Sellers, except as set forth in Schedule
4.21(b), with respect to the Business; (i) none of its 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 by Sellers or ELAC nor within the last three years has
there been any audit or investigation by Sellers or ELAC 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, the Sellers and
ELAC have not 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 Schedule 4.21(b), to the Knowledge of Sellers there
are no 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 Schedule 4.21(c), with respect to the
Business, there exist (i) no outstanding claims against the Sellers or
ELAC, 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 4.2
1(a) and (ii) no disputes between the Sellers or ELAC and the U.S.
Government or any non-U.S. government under the Contract Disputes Act or
any other Federal statute or between the Sellers or ELAC and any prime
contractor, subcontractor or vendor arising under or relating to any such
Government Contract or bid. Except as set forth in Schedule 4.2 1(c), to
the Knowledge of Sellers 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 Schedule 4.2 1(d), neither the Sellers nor
ELAC nor any of their 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 nonresponsibility or ineligibility for
U.S. Government or non-U.S. government contracting. Except as set forth in
Schedule 4.2 1(d), the Sellers, ELAC and their Affiliates have operated the
Business in
18
compliance with all requirements of all material laws pertaining to all
Government Contracts and bids.
(e) Except as set forth in Schedule 4.21(e), no statement,
representation or warranty made by the Sellers or ELAC 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 Business as a result of
such untrue statement or failure to state a material fact.
4.22 Government Furnished Equipment. Schedule 4.22 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 Business by or
on behalf of the United States or any foreign country. To the Knowledge of
Sellers, 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 Business.
4.23 Entire Business. Except for the Excluded Assets, and except as set
forth on Schedule 4.23, the Assets, together with the License Agreement,
constitute all of the assets, properties and rights necessary to conduct the
Business in all material respects as currently conducted. Other than ELAC,
Sellers have no subsidiaries primarily engaged in the Business.
4.24 Real Estate. Schedule 4.24 accurately lists all real property of the
Business owned or leased, indirectly or directly, by the Sellers or ELAC (other
than the Facility, the "Real Property"):
(a) The Sellers and ELAC have good and marketable title to all such
owned Real Property and good and valid leasehold interest in all such
leased Real Property, in each case, free and clear of all Liens except for
Permitted Liens;
(b) There are no condemnation proceedings or eminent domain
proceedings of any kind pending or, to the Knowledge of Sellers no written
notice of any threatened action has been received against any Real
Property;
(c) All of the Real Property is occupied under a valid and current
certificate of occupation or similar permit, the sale of the Assets
hereunder will not require the issuance or any new or amended certificate
of occupancy and to the Knowledge of Sellers the Real
19
Property may be occupied and used by Purchaser or ELAC after the Closing
Date in the same manner as used by Sellers or ELAC on or before the Closing
Date;
(d) All improvements on the Real Property constructed by or on behalf
of Sellers or any other person were at the time installed constructed in
compliance with all applicable federal, state, local or foreign statutes,
laws, ordinances, regulations, rules, codes, orders or requirements
(including, but not limited to, any building, zoning or environmental laws
or codes) affecting the Real Property;
(e) All improvements on the Real Property and the present use and
conditions thereof do not violate any applicable deed restrictions or
applicable covenants, restrictions, agreements, existing site plan
approvals, zoning or subdivision regulations or urban redevelopment plans
as modified by any duly issued variances, and no permits, licenses or
certificates pertaining to the ownership or operation of all improvements
on the Real Property, other than those that are transferable with the Real
Property, are required by any governmental agency having jurisdiction over
the Real Property. Such improvements on the Real Property are wholly within
the lot limits of such Real Property and do not encroach on any adjoining
premises and there are no encroachments on any Real Property by any
improvements located on any adjoining premises;
(f) Sellers and ELAC enjoy peaceful and quiet possession of each
parcel of Real Property, and there is not under any lease of any of the
leased Real Property (a "Lease") any default by any of Sellers or ELAC
thereunder or any condition that with notice or the passage of time or both
would constitute such a default, and Sellers and ELAC have not received
notice asserting the existence of any such default or condition. To the
Knowledge of Sellers there are no defaults under any Lease by the landlord
thereunder. Sellers have heretofore furnished the Purchaser a true and
complete copy of each Lease and all amendments thereto pertaining to any
leased Real Property. Each Lease is valid and binding and in full force and
effect;
(g) 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; and
(h) Neither the execution of this Agreement nor the sale of the Assets
hereunder shall cause a default under any Lease or require prior written
consent of any landlord under any Lease.
4.25 Insurance. Schedule 4.25 lists insurance maintained by Sellers and
ELAC with respect to the Assets and the ELAC Assets and with respect to the
employees and representatives of the Business and the operations of the
Business. The coverage under each such policy and binder is in full force and
effect, and no notice of cancellation or nonrenewal with respect to any such
policy or binder has been received by any of the Sellers or ELAC.
4.26 Affiliate Transactions. Except as set forth in Schedule 4.26, there
are no agreements, arrangements, undertakings or other transactions between the
Business and any other division or business of Sellers or any person that
directly, or indirectly through one or
20
more intermediaries, controls or is controlled by or is under common control
with any of Sellers (including, without limitation, any owner of capital stock
of Sellers) (an "Affiliate").
4.27 No Additional Representations. NOTWITHSTANDING ANYTHING TO THE
CONTRARY CONTAINED IN THIS ARTICLE 4 OR ANY OTHER PROVISION OF THIS AGREEMENT,
IT IS THE EXPLICIT INTENT OF EACH PARTY HERETO THAT ALLIEDSIGNAL IS MAKING NO
REPRESENTATION OR WARRANTY WHATSOEVER, EXPRESS OR IMPLIED, BEYOND THOSE
EXPRESSLY GIVEN IN THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO ANY IMPLIED
WARRANTY OR REPRESENTATION AS TO CONDITION, MERCHANTABILITY OR SUITABILITY AS TO
ANY OF THE PROPERTIES OR ASSETS OF THE SELLERS. EXCEPT AS OTHERWISE SPECIFICALLY
PROVIDED IN THIS AGREEMENT, THE ASSETS ARE BEING SOLD ON AN "AS IS, WHERE IS"
BASIS.
ARTICLE 5. REPRESENTATIONS AND WARRANTIES OF PURCHASER
Purchaser represents and warrants to AlliedSignal as follows:
5.1 Corporate Status. Purchaser is a corporation duly organized, validly
existing and in good standing under the laws of the State of Delaware, and has
full power and all governmental licenses, authorizations, consents and approvals
required to carry on its business and to own all of its properties and assets.
Purchaser has all requisite corporate and other power and authority to enter
into, execute and deliver this Agreement and the Other Agreements and to perform
its obligations and consummate the transactions contemplated hereunder and
thereunder in accordance with the terms of this Agreement.
5.2 Authorization. All corporate and other proceedings required to be taken
by or on the part of Purchaser to authorize Purchaser to enter into and carry
out this Agreement have been, or prior to the Closing will be, duly and properly
taken. This Agreement has been, and on the Closing Date each of the Other
Agreements will be, duly executed and delivered by Purchaser and this Agreement
constitutes, and each Other Agreement will upon execution and delivery thereof
constitute, a legal and binding obligation of Purchaser, valid and enforceable
against Purchaser in accordance with their terms, subject to laws of general
application relating to bankruptcy, insolvency and the relief of debtors and the
rules of law governing specific performance, injunctive relief and other
equitable remedies.
5.3 Compliance. The execution, delivery and performance of this Agreement
and Other Agreements and the consummation of the transactions contemplated
hereby will not result in the breach of any of the terms or conditions of, or
constitute a default under, or violate, as the case may be, the articles of
incorporation, by-laws or other organization documents of Purchaser or any
material agreement, lease, mortgage, note, deed of trust, lease, bond,
indenture, license or other document or undertaking, oral or written, to which
Purchaser is a party or by which Purchaser is bound or by which any of the
Assets may be affected other than the consent required under Purchaser's
existing credit facility, which Purchaser believes will be obtained prior to
Closing.
21
5.4 Due Diligence. Purchaser has such knowledge and experience in financial
and business matters that it is capable of evaluating the merits and risks of
the transactions contemplated by this Agreement and the Other Agreements.
Purchaser confirms that AlliedSignal provided to Purchaser the opportunity to
ask questions of the officers and management employees of AlliedSignal and to
acquire such additional information about the business and financial condition
of the Business as Purchaser requested and all such information has been
received.
5.5 Financing. Purchaser has funds of its own, or has binding commitments
from responsible banks or other financial institutions to provide funds, which
will be sufficient and available to pay the purchase price as set forth in
Section 2.1.
5.6 Investment Representation. Purchaser is acquiring the ELAC Shares for
investment and not with a view to the public distribution thereof.
5.7 Conveyances and Restrictions. The performance by Purchaser of its
obligations hereunder, whether through the purchase of the Assets, the obtaining
of financing to fund the acquisition, and/or the obtaining of financing for the
operations of the Business after the Closing, will not violate any provision of
the Uniform Fraudulent Conveyance Act as enacted by the United States or any
state thereof, or any regulations thereunder or any state fraudulent conveyance
or similar statute in a state in which the Business or Purchaser is doing
business.
5.8 Brokerage Fees. No person is entitled to any brokerage or finder's fee
or other commission from Purchaser in respect of this Agreement or the
transactions contemplated hereby.
ARTICLE 6. EMPLOYEES AND EMPLOYEE BENEFITS
6.1 Employment.
(a) Purchaser shall offer employment effective as of the Closing Date
to all Employees (except that Employees on Long Term Disability shall be
offered employment when such Employees are medically certified to return to
work) employed as of the Closing Date. Nothing herein expressed or implied
confers upon any Employee who accepts Purchaser's offer of employment
(collectively, "Transferred Employees") any rights or remedies of any
nature or kind, including, without limitation, any rights of employment
with Purchaser for a specified period of time.
(b) Notwithstanding Section 6.1(a) above, the employment of Employees
employed by ELAC (collectively, the "German Employees") shall continue
following the Closing Date and shall remain the liability of ELAC.
22
6.2 Compensation and Benefits - U.S. Employees.
(a) Generally. Purchaser shall continue or shall provide, for a period
of at least 12 months immediately subsequent to the Closing Date, for all
Transferred Employees who are employed in the United States (collectively,
"U.S. Transferred Employees") base salary or applicable rate of pay not
less than that provided by Sellers immediately prior to the Closing Date,
employee benefits and incentive compensation comparable, in the aggregate,
to those in effect as of the Closing Date, except that, with respect to
those plans providing a benefit in AlliedSignal stock, Purchaser shall have
no obligation to provide such benefits or comparable benefits or to take
into account such benefits for purposes of this Section. Purchaser shall
assume liability for all deferred compensation, supplemental and excess
pension and savings benefits, all bonus amounts, normal and enhanced
severance benefits, and relocation benefits (whether or not all such
employee benefits are vested on the Closing Date) in respect of all U.S.
Transferred Employees incurred or earned, but not paid, on or before the
Closing Date, or as incurred in connection with the sale of the Business
and not paid as of the Closing Date, to the extent accrued on the Closing
Balance Sheet. Purchaser shall assume the retention agreements listed on
Schedule 6.2(a).
(b) Union Employees. Purchaser shall offer employment on or prior to
the Closing Date to each U.S. Employee covered by the Collective Bargaining
Agreements between AlliedSignal and the United Auto Workers ("UAW") or UAW
Local 179, including the Local Agreement between AlliedSignal and UAW Local
179, the Master Agreement between AlliedSignal and the UAW, and all
associated agreements that are part of such Master Agreement, including the
letters of understanding and agreements covering pensions, insurance and
savings plans (collectively, the "Bargaining Agreements") as described in
Schedule 4.7 (such covered Employees being referred to, collectively, as
"Union Employees"), provided that such Union Employee is actively at work
on the Closing Date. Purchaser shall provide each Union Employee with
compensation (base rate of pay and incentive compensation, if any) no less
than that required by the applicable Bargaining Agreements and any
applicable side letters and schedules immediately prior to the Closing
Date. A Union Employee who is absent on the Closing Date due to illness,
vacation, paid leave, holiday or union office leave or who is otherwise
subject to recall with seniority rights shall to the extent required by the
applicable Bargaining Agreement and any applicable side letters and
schedules be considered actively at work on the Closing Date. The Union
Employees who are actively at work on the Closing Date shall hereafter be
called "Union Transferred Employees". Sellers shall retain the obligation
to provide any Union Employee who does not become a Union Transferred
Employee on the Closing Date with benefits under Sellers' Pension Plans for
Union Employees, as defined herein, and all other benefits required to be
provided by the Bargaining Agreements.
(c) Purchaser agrees to credit each U.S. Transferred Employee service
credited with Sellers under the Benefit Plans for participation, retirement
eligibility and vesting under such employee benefit plans or policies
Purchaser maintains or will maintain for or on behalf of the U.S.
Transferred Employees. In addition, such service shall be credited for
benefit purposes under welfare plans (including severance plans), vacation
plans and qualified retirement plans in respect of which assets and
liabilities are transferred to
23
Purchaser's Plans. Sellers shall not in any manner be responsible for any
liability, claim or obligation due under any such plan maintained by
Purchaser.
6.3 Severance and WARN Act. (a) Sellers shall pay and be responsible for
all liability, cost or expense for severance, termination indemnity payments,
salary continuation, special bonuses and like costs under Sellers' severance pay
plans, policies or arrangements, with respect to any of the Employees that arise
from or relate to the transactions described in or contemplated by this
Agreement, or of any U.S. Transferred Employees that arise under Sellers'
severance plans from the subsequent termination of employment by Purchaser after
the Closing Date. Purchaser agrees to pay and be responsible for all liability,
cost, expense and sanctions resulting from the Purchaser's failure to comply
after the Closing Date with the Worker Adjustment and Retraining Notification
Act of 1988 ("WARN Act"), and the regulations thereunder or for any action by
Purchaser which causes WARN to apply.
(b) The Sellers shall not, at any time within the 60-day period prior
to the Closing Date, effectuate a "plant closing" or "mass layoff', as
those terms are defined in the WARN Act or any State law, affecting in
whole or in part any Ocean Systems site of employment, facility, operating
unit or employee.
(c) The Sellers shall indemnify, defend and hold Purchaser harmless
from and against any and all claims, actions, suits, demands, proceedings,
losses, expenses, damages, obligations and liabilities (including costs of
collection, attorney's fees and other costs of defense) ("Damages") arising
out of or otherwise in respect of (i) termination by the Sellers of any
employee of the Business on or prior to the Closing Date; (ii) any claim
made by any employee of the Business for severance pay arising prior to, or
upon the Closing Date; or (iii) any suit or claim of violation brought
against the Purchaser under the WARN Act or any State law for any actions
taken by the Sellers in connection with, on or prior to the Closing Date
with regard to any site of employment, facility, operating unit or employee
affected by this Agreement which action by itself causes WARN to apply.
6.4 Health Care Continuation Liability. With respect to Sellers' plans,
Seller agrees to pay and be responsible for all liability, cost, expense, taxes
and sanctions under Section 4980B of the Internal Revenue Code (the "Code"),
interest and penalties imposed upon, incurred by, or assessed against Purchaser
or Sellers that arise by reason of or relate to any failure to comply with the
health care continuation coverage requirements of Section 4980B of the Code and
Sections 601 through 608 of ERISA, as amended, which failure occurs as a result
of the transactions described in or contemplated by this Agreement or which
failure occurs on or after the Closing Date with respect to any Employee or any
qualified beneficiary (as defined in Section 4980B(g)(l)) of such Employee.
6.5 Pension Plan.
(a) AlliedSignal shall amend the Salaried Employees Pension Program
for AlliedSignal Inc., the AlliedSignal Inc. Pension Plan for Hourly
Employees (provisions relating to UAW Local 179) and the AlliedSignal Inc.
Retirement Program (collectively, the "Pension Plans") to fully vest all
Employees employed by the Business as of the Closing Date participating in
the Pension Plan in their accrued benefit as of the Closing Date. Purchaser
24
shall assume the liabilities and obligations as of the Closing Date of
Sellers for the accrued benefits of all U.S. Transferred Employees under
the Pension Plans. Purchaser shall have established as of the Closing Date,
or shall establish as soon as practicable after the Closing Date, a
tax-qualified defined benefit pension plan or plans which shall discharge
the pension obligations of Purchaser set forth in this Section
("Purchaser's Plan"). As soon as practicable after the Closing Date,
AlliedSignal shall cause a transfer of the pension liabilities and
obligations being assumed by Purchaser and of the assets, as calculated
below, to Purchaser's Plan.
(b) The assets to be transferred from the Pension Plans to Purchaser's
Plan shall be an amount equal to the "projected benefit obligation," within
the meaning of Financial Accounting Standard No. 87, as of the Closing Date
attributable to the U.S. Transferred Employees under Sellers' Pension Plans
("PBO") with adjustments described below. Sellers' actuary shall calculate
the transfer amount (the "Transfer Amount") by applying the assumptions,
methods and methodologies listed on Schedule 6.5(b) and other actuarial
assumptions and methodologies used in the ordinary course in the
preparation of the actuarial valuation not inconsistent with those listed
in Schedule 6.5(b). Notwithstanding any provision herein to the contrary,
the transfer amount shall be subject to the applicable requirements of
Sections 4 14(1) and 401(a)(12) of the Code. The amount as so determined
shall be adjusted for investment earnings at the short term investment fund
rate earned by Sellers' Pension Plans (the "Earnings") for the period
between the Closing Date and the actual dates of transfer (see below) and
reduced by the amount of any benefit payments to U.S. Transferred Employees
and a proportional share of investment and administrative expenses relative
to asset values for such period. The amount of assets caused to be
transferred pursuant to this Section shall be calculated by Sellers'
actuary, and the actuarial calculations shall be subject to review and
approval by Purchaser's actuary. In the event that Purchaser's actuary does
not agree with the calculation determined by Sellers' actuary, the
determination of the amount to be transferred pursuant to this Section
shall be made by a third, nationally recognized actuarial firm selected by
Sellers' and Purchaser's actuaries (the cost of which shall be borne
equally between Sellers and Purchaser), and the determination of such third
actuary as to the amount to be transferred shall be binding and conclusive
upon all parties hereto. The transfer of assets from Sellers' Pension Plan
to Purchaser's Plan shall be made in cash pursuant to Section 6.5(c). The
parties shall file any necessary IRS Forms 5310-A with respect to such
transfer.
(c) All transfers from the Pension Plans to the Purchaser's Plan shall
be made in accordance with the provisions of this Section 6.5(c). As soon
as is administratively practical, but in no event later than 30 days
following the Closing Date, and conditioned upon AlliedSignal having been
provided evidence reasonably satisfactory to it that Purchaser has
established a trust (or trusts) to hold the assets of the Purchaser's Plan
and that Purchaser's Plan is qualified under Section 40 1(a) of the Code
and the trusts holding assets of the Purchaser's Plan are tax exempt under
Section 501(a) of the Code ("Initial Transfer Date"), AlliedSignal shall
cause its trusts to make an initial transfer of assets in cash equal to 85%
of the amount reasonably estimated by AlliedSignal in good faith to be
equal to the Transfer Amount (the "Initial Transfer Amount"). In addition,
prior to the Initial Transfer Date AlliedSignal shall provide Purchaser
with evidence reasonably satisfactory to Purchaser that the Pension Plans
remain qualified under Section 40 1(a) of the Code. As soon as practicable
25
after the final determination of the amounts to be transferred ("True-Up
Date"), AlliedSignal shall cause a second transfer to be made in cash of
the "True-Up Amount." The True-Up Amount shall be equal to the following
amount:
(Transfer Amount minus Initial Transfer Amount), minus benefit
payments made to U.S. Transferred Employees since the Closing Date
from the Pension Plans, adjusted for Earnings on the excess of the
Transfer Amount over the Initial Transfer Amount from the Initial
Transfer Date to the True-Up Date,
If the Initial Transfer Amount exceeds the Transfer Amount, as soon as
practicable following such determination Purchaser shall cause a transfer to be
made to the respective Pension Plan equal to the excess of the Initial Transfer
Amount over the Transfer Amount, adjusted to reflect earnings at the short term
investment fund rate earned by Purchaser's Plan from the Initial Transfer Date
until the date of transfer.
6.6 Savings Plan. AlliedSignal shall provide that those Employees
participating in the AlliedSignal Savings Plan and AlliedSignal Thrift Plan
("Savings Plans") immediately prior to the Closing Date shall fully vest on the
Closing Date in their respective Savings Plans accounts (the "Accounts"). As
promptly as practicable following the Closing Date, Sellers and Purchaser shall
arrange for the transfer of the Accounts and the corresponding liabilities with
respect to the U.S. Transferred Employees, from the Savings Plans to one or more
tax-qualified plans established or to be established by Purchaser which provides
benefits substantially equivalent to the benefits available under the applicable
Savings Plans. With respect to the plan or plans receiving assets from the
Savings Plans, to the extent permitted by Applicable Law, such plan or plans
shall also (a) provide for tax-deferred contributions and (b) meet all
requirements for a qualified cash or deferred arrangement under Section 401(k)
of the Code. The transfer of assets from the Savings Plans shall be made in
cash, marketable securities, promissory notes presenting participant loans, or a
combination thereof, as determined by AlliedSignal and consented to by
Purchaser. Without limiting the generality of the foregoing, if AlliedSignal
should determine to transfer assets held in Accounts which, immediately prior to
the Closing Date, provide for holding AlliedSignal common stock in such form,
Purchaser agrees to accept transfer of such Accounts in AlliedSignal's common
stock, and, to the extent permitted by law for such reasonable period of time as
Purchaser may determine, to provide U.S. Transferred Employees with an election
to retain AlliedSignal's common stock in their respective plan accounts or to
dispose of such stock and have the proceeds reinvested in other investment
alternatives offered under each such plan. Prior to the transfer date, Purchaser
shall, to the reasonable satisfaction of AlliedSignal's counsel, present
AlliedSignal with such evidence and information (which may include or be
provided by an opinion of Purchaser's counsel satisfactory to AlliedSignal) as
is reasonably necessary to establish that the tax-qualified plan or plans
established or to be established by Purchaser to which the transfer or transfers
described in this Section are to be made are in full force and effect and meet
all the requirements for qualification under Sections 401 and 411 (d)(6) of the
Code and Sellers shall, to the reasonable satisfaction of Purchaser's counsel,
present Purchaser with such evidence and information as is reasonably necessary
to establish that the Savings Plan meets the requirements of Section 401(a) of
the Code.
26
6.7 Labor Agreements. Purchaser shall assume Sellers' obligations under the
Bargaining Agreements and any applicable side letters and schedules according to
their terms as in effect of and as of the Closing Date, and shall honor such
Bargaining Agreements for the remainder of the effective term thereof following
the Closing Date.
ARTICLE 7. PRE-CLOSING COVENANTS
7.1 [Intentionally left blank].
7.2 [Intentionally left blank].
7.3 [Intentionally left blank].
7.4 [Intentionally left blank].
7.5 Workers' Compensation. The Seller shall retain responsibility for all
workers' compensation events which relate to incidents occurring on or before
the Closing Date. The Purchaser shall have responsibility for all workers'
compensation events which relate to incidents occurring after the Closing Date.
7.6 Insurance-Primary Casualty Program. Sellers maintain at present a
series of insurance programs pursuant to which various insurance carriers have
provided and are providing insurance coverage in respect of the Business
relating to automobile liability, general liability, employers liability and
non-aircraft products liability (the "Primary Casualty Program") and Sellers and
Purchaser understand and agree that Sellers are not transferring to Purchaser
pursuant hereto any rights or interests in such Primary Casualty Program, nor,
except as otherwise set forth herein, shall Sellers be required to maintain any
of such coverages or limit in any manner Sellers' right to change deductible
levels or other terms or conditions thereof. As between Purchaser and Sellers,
however, it is agreed that the following shall apply to claims with a date of
occurrence prior to the Closing Date that are covered by the Primary Casualty
Program:
7.6.1 Claims Responsibility and Procedures. Purchaser shall promptly notify
in writing Sellers of any claims against the Business, Purchaser, Sellers or any
of their Affiliates arising from occurrences which took place prior to the
Closing Date relating to the Business or its prior assets, business or
operations. To the extent coverage is available under the Primary Casualty
Program, Purchaser shall handle such claims through the applicable insurance
carrier and to the limited extent required therefor is hereby appointed as
Sellers' agent in dealing with any such applicable insurance carriers, such
agency, however, being subject to revocation at any time if Purchaser fails to
comply with the provisions of this Section 7.6. Purchaser through the applicable
insurance carrier may settle any such claim on a basis which in its judgment is
reasonable provided, however, that Purchaser agrees not to settle any such
claims for an amount in excess of $50,000 without prior consultation with
AlliedSignal. Sellers and Purchasers shall cooperate with each other in the
defense of any such claims and will keep each other informed of significant
developments with respect
27
thereto. Neither Purchaser nor Sellers will knowingly take any action that
prejudices the other party in the collection of any applicable insurance
proceeds.
7.7 No Inconsistent Action. Subject to Sections 9.1 and 9.2, the parties
hereto shall not take any action inconsistent with their obligations under this
Agreement or which could materially hinder or delay the consummation of the
transactions contemplated by this Agreement. None of the parties hereto shall
take or omit to take any action that could result in any of their respective
representations and warranties not being true in all material respects on the
Closing Date.
7.8 [Intentionally left blank].
7.9 Non-Solicitation. Sellers agree that until December 22, 1999, they
shall not, and they shall cause each of their respective Affiliates not to,
without the prior consent of Purchaser, employ or solicit for employment any
person currently employed by the Business (other than a person solicited or
hired as a result of a general solicitation (such as an advertisement) not
specifically directed to employees of the Business).
7.10 Refunds and Remittances. In the event that Sellers or their Affiliates
receive any amount that is properly due and owing to Purchaser in accordance
with the terms of this Agreement, Sellers shall cause same to be promptly
remitted to Purchaser at the address specified in Section 13.2.
7.11 Enforcement of Confidentiality Provisions. Sellers agree to use
reasonable best efforts to enforce, at the written request of Purchaser, (i) the
confidentiality provisions of any agreements related to the sale of the Business
(excluding any employee solicitation provisions) and (ii) all confidentiality
agreements, if any, entered into between Sellers or any of their Affiliates and
any of their employees, in each case to the extent such provisions pertain to
the Business as of the Closing Date.
7.12 Novation of Government Contracts. As soon as reasonably practicable
following the Closing, AlliedSignal shall, in accordance with Federal
Acquisition Regulations Part 42, Section 42.12, submit in writing to each
responsible Contracting Officer (as such term is defined in Federal Acquisition
Regulations Part 42, Section 42.102(a)), a request for the U.S. Government to
(i) recognize Purchaser in accordance with this Agreement and (ii) enter into a
novation agreement (the "Novation Agreement") substantially in the form
contemplated by such regulations. AlliedSignal shall thereby reasonably assist
Purchaser in obtaining all consents, approvals and waivers required for the
purpose of processing, entering into and completing the Novation Agreement with
regard to any of the Government Contracts, including responding to any
reasonable requests for information by the U.S. Government with regard to such
Novation Agreement.
7.13 Further Actions. Subject to the terms and conditions hereof, Sellers
and Purchaser agree to use their reasonable best efforts to take, or cause to be
taken, all action and to do, or cause to be done, all things necessary, proper
or advisable to consummate and make effective the transactions contemplated by
this Agreement, including without limitation, taking all necessary or advisable
action (i) in respect of the works council of ELAC and (ii)
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to terminate the profit/loss pooling arrangement (the "Pooling Arrangement")
between AS Deutschland and ELAC not later than December 31, 1998.
7.14 Letters of Credit. Schedule 7.14 identifies letters of credit and
other similar obligations in respect of which AlliedSignal will remain as
account party ("Retained L/Cs") and other letters of credit and similar
obligations ("Assumed L/Cs") in respect of which Purchaser shall, not later than
May 31, 1998, either (a) become account party or (b) issue replacement letters
of credit, with Purchaser as account party, and obtain the cancellation of the
Assumed L/Cs and release Sellers from any obligations under any related credit
agreements. In the event that, after using its reasonable best efforts,
Purchaser cannot perform its obligations under Section 7.14(a) or (b) with
respect to the Assumed L/Cs, Purchaser shall provide back-up letters of credit
with respect to such Assumed L/Cs. Any Assumed L/C in respect of which Purchaser
has not issued a replacement or back-up letter of credit as aforesaid by May 31,
1998 may be cancelled by AlliedSignal and Purchaser shall reimburse AlliedSignal
forthwith for all amounts drawn by the beneficiary under any such cancelled
letter of credit; provided, however, that prior to May 31, 1998, AlliedSignal
shall not waive any requirements of or agree to amend any such Retained L/C
without the prior written consent of Purchaser. The parties acknowledge that the
identity of the account party under any Retained L/C and any Assumed L/C and
other similar obligations does not alter the terms of this Agreement, meaning,
specifically and without limitation, that the provisions of Section 3.1 (Assumed
Liabilities), 3.2 (Excluded Liabilities) and Article 12 (Indemnification) are
unaffected by the identity of the account party, and if a demand for payment is
made under a Retained L/C or an Assumed L/C, the financial responsibility for
the circumstances underlying such demand shall be determined by this Agreement
and not by the identity of the account party under the letter of credit in
question.
7.15 1985 Capitalization of ELAC. AlliedSignal shall ensure that the 1985
capitalization of ELAC is confirmed by German counsel to have been lawful and
proper. The parties shall cooperate in any steps that may be necessary to
correct the capitalization, at AlliedSignal's expense.
7.16 MCDV Subcontract. Following the Closing, AlliedSignal and Purchaser
shall use their reasonable best efforts to prepare a subcontract (the "MCDV
Subcontract") to be entered into between AlliedSignal Canada Inc. ("ASC") and
Purchaser relating to the contract between ASC and MacDonald, Dettwiler and
Associates Ltd. for the maritime coastal defense vessel, as amended (the "MCDV
Contract"). The MCDV Subcontract shall be reasonably acceptable to AlliedSignal
and Purchaser and shall transfer to Purchaser in U.S. dollars the full economic
benefit of the MCDV Contract (based on the exchange rate for U.S. and Canadian
dollars as reported in the Wall Street Journal on the date of any payment).
Purchaser shall, and AlliedSignal shall cause ASC to, enter into the MCDV
Subcontract promptly following the finalization thereof to the reasonable
satisfaction of AlliedSignal and Purchaser. In the event that (i) ASC shall be
prohibited from making any payment to Purchaser under the MCDV Subcontract, (ii)
any Canadian withholding tax would be applicable to any payment to Purchaser by
ASC under the MCDV Subcontract or (iii) ASC would lose Canadian content credit
as a result of any payment to Purchaser by ASC under the MCDV Subcontract,
AlliedSignal shall, on the date any such payment is due and in lieu of such
payment from ASC under the MCDV Subcontract, make a payment to Purchaser in an
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amount equal to the amount of the payment due under the MCDV Subcontract,
without regard to any Canadian withholding tax. Purchaser shall not have any
liability under the MCDV Subcontract for any obligation or liability relating to
the ownership or operation of the Assets or the Business on or prior to the
Closing Date relating to (a) the provision of Canadian content, (b) any penalty
or excise tax for failure to meet Canadian content obligations or (c) any
obligation for liquidated damages for failure to timely deliver.
ARTICLE 8. CONDITIONS TO CLOSING
8.1 Conditions to the Obligations of Purchaser. The obligations of
Purchaser to consummate the transactions contemplated by this Agreement are
subject to the fulfillment prior to or at the Closing of each of the following
conditions, any one or more of which may be waived by Purchaser in its sole
discretion:
(a) On the Closing Date, there shall be no injunction, restraining
order or decree of any nature of any court or governmental agency or body
of competent jurisdiction that is in effect that restrains or prohibits the
consummation of the transactions contemplated by this Agreement or any such
injunction, restraining order or decree or any pending lawsuit, claim or
legal action relating to the transactions contemplated by this Agreement
which would materially adversely affect such transactions or Purchaser's
ownership, use or enjoyment of the Business or any part thereof.
(b)(i) All of the representations and warranties of Sellers, including
those set forth in Section 8.1 (b)(ii) and (iii) below, contained in this
Agreement or in any certificate, instrument or other document delivered to
Purchaser pursuant hereto shall be complete, true and correct in all
respects on and as of the Effective Date, with the same force and effect as
though such representations and warranties had been made on and as of the
Effective Date, except to the extent that any such representation and
warranty is made as of a specified date, in which case, such representation
and warranty shall have been true and correct as of such date;
(ii) The representations and warranties of Sellers contained in
Sections 4.1, 4.2, 4.3, 4.8, 4.10, 4.11, 4.12, 4.15, 4.16, 4.17, 4.18,
4.20, 4.21, 4.22, 4.23, 4.25, 4.26 and 4.27 of this Agreement or in
any certificate, instrument or other document delivered to Purchaser
pursuant hereto shall be complete, true and correct in all respects on
the Closing Date, with the same force and effect as though such
representations and warranties had been made on and as of the Closing
Date, except to the extent that any such representation and warranty
is made as of a specified date, in which case, such representation and
warranty shall have been true and correct as of such date; and
(iii) To the Knowledge of Sellers, the representations and
warranties contained in Section 4.9 of this Agreement or in any
certificate, instrument or other document delivered to Purchaser
pursuant hereto shall be complete, true and correct in all respects on
the Closing Date, with the same force and effect as though such
representations and warranties had been made on and as of the Closing
Date, except to the extent that any such
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representation and warranty is made as of a specified date, in which
case, such representation and warranty shall have been true and
correct as of such date.
(c) Sellers shall have performed in all material respects all
obligations and agreements and complied in all material respects with all
covenants contained in this Agreement to be performed and complied with by
them prior to or on the Closing Date.
(d) Purchaser shall have received a certificate, dated the Closing
Date, from an authorized officer of each of the Sellers to the effect that
the conditions specified in (b) and (c) above have been fulfilled.
(e) The Transition Services Agreement, attached as Exhibit B hereto,
shall have been executed and delivered by the parties thereto.
8.2 Conditions to the Obligations of Sellers. The obligations of Sellers
under this Agreement are subject to the fulfillment, prior to or at the Closing,
of each of the following conditions, any one or more of which may be waived by
Sellers in their sole discretion:
(a) On the Closing Date, there shall be no injunction, restraining
order or decree of any nature of any court or governmental agency or body
of competent jurisdiction that is in effect that restrains or prohibits the
consummation of the transactions contemplated by this Agreement.
(b) The representations and warranties of Purchaser contained in this
Agreement or in any certificates, instruments or other documents delivered
to AlliedSignal pursuant hereto shall be complete, true and correct on the
Closing Date, with the same force and effect as though such representations
and warranties, as updated, had been made on and as of the Closing Date,
except to the extent that any such representation and warranty is made as
of a specified date, in which case, such representation and warranty shall
have been true and correct as of such date.
(c) Purchaser shall have performed in all material respects all
obligations and agreements and complied in all material respects with all
covenants contained in this Agreement to be performed and complied with by
the Closing Date.
(d) AlliedSignal shall have received a certificate, dated the Closing
Date, from an authorized officer of the Purchaser to the effect that the
conditions specified in (b) and (c) above have been fulfilled.
ARTICLE 9. TERMINATION AND SURVIVAL
9.1 Termination. Notwithstanding anything to the contrary set forth herein,
this Agreement may be terminated and the transactions contemplated hereby
abandoned at any time prior to the Closing:
(a) by mutual written consent of Purchaser and Sellers; or
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(b) by Purchaser, on the one hand, or Sellers, on the other hand, upon
written notice to the other, if such other party or its Affiliate has
breached any representation, warranty or covenant contained in this
Agreement in any respect, if the non-breaching party has notified the
breaching party of the breach in writing and the breach has continued
without cure for a period of thirty (30) days after notice of the breach;
or
(c) by the Purchaser, on the one hand, or Sellers, on the other hand,
if there shall be in effect any law or regulation that prohibits the
consummation of the Closing or if the consummation of the Closing would
violate any non-appealable final order, decree or judgment of any court or
governmental body having jurisdiction over the transactions contemplated
hereby; or
(d) by either party if the Closing shall not have occurred by April 1,
1998; provided that the terminating party is not in material breach of its
obligations under this Agreement.
9.2 Effect of Termination. If this Agreement is terminated pursuant to
Section 9.1, this Agreement shall become void and of no further force and
effect, and none of the parties hereto (nor their respective Affiliates,
directors, shareholders, officers, employees, agents, consultants,
attorneys-in-fact or other representatives) shall have any liability in respect
of such termination except that the obligations contained in Sections 9.2, 13.1,
13.3 and 13.9 shall survive; provided, however, that if such termination is
effected pursuant to Section 9.1(b) or (d) and the failure to consummate the
transactions contemplated hereby was the result of any of the conditions to
Closing having not been fulfilled by reason of the breach by either Purchaser,
on the one hand, or Sellers, on the other hand, of their respective covenants,
representations and/or warranties set forth in this Agreement or in any
agreement, document or instrument ancillary hereto, the party having so breached
shall remain liable to the other party for such breach.
ARTICLE 10. CLOSING DOCUMENTS
10.1 Documents to be Delivered by Sellers. At the Closing, Sellers shall
deliver to Purchaser the following documents:
(i) Copies of resolutions of each of the Sellers certified by a
Secretary, Assistant Secretary or other appropriate officer of such entity,
authorizing the execution, delivery and performance of this Agreement and
the transactions contemplated hereby;
(ii) Executed deeds, bills of sale or other appropriate instruments of
transfer with respect to all of the Real Property, Personal Property,
Inventory, Accounts Receivable and any other Assets not transferred or
assigned by any other documents or instruments described in this Section;
(iii) Executed and acknowledged Assignments by ASTI sufficient to
transfer title to the Intellectual Property;
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(iv) Executed assignment and assumption agreements with respect to the
Contracts;
(v) Executed documents of assignment or transfer with respect to each
of the permits, licenses and authorizations listed in Schedule 4.17;
(vi) One executed assumption of liability agreement by which Purchaser
will assume the Assumed Liabilities pursuant to Section 3.1 (the
"Assumption of Liability Agreement");
(vii) One executed copy of the License Agreement;
(viii) A certificate of an appropriate officer of AlliedSignal
relating to the representations, warranties and covenants of AlliedSignal
made herein as provided in Section 8.1(b) and (c);
(ix) A share transfer agreement in customary form and a certificate in
the name of Purchaser representing the ELAC Shares;
(x) Any other document reasonably necessary to effectuate the
transactions contemplated hereby;
(xi) Sellers shall have delivered to Purchaser certificate(s) in form
and substance reasonably satisfactory to Purchaser, duly executed and
acknowledged, certifying any facts that would exempt the transactions
contemplated hereby from withholding pursuant to the provisions of the
Foreign Investment Real Property Tax Act (e.g., a certificate of
non-foreign status as provided in Treasury Regulation section 1.
1445-2(b)(2)(iii)(B)); and
(xii) One executed Transition Services Agreement.
10.2 Documents to be Delivered by Purchaser. At the Closing, Purchaser
shall pay the Purchase Price to AlliedSignal and shall execute where applicable
and deliver to AlliedSignal the following documents:
(i) Copies of resolutions of the Purchaser, certified by the Secretary
or Assistant Secretary of Purchaser, authorizing the execution, delivery
and performance of this Agreement and the transactions contemplated hereby;
(ii) Executed assignment and assumption agreement with respect to the
Contracts;
(iii) One executed Assumption of Liability Agreement;
(iv) A certificate of an appropriate officer of Purchaser relating to
the representations, warranties and covenants made herein by Purchaser, as
provided in Sections 8.2(b) and (c);
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(v) One executed copy of the License Agreement;
(vi) Any other document reasonably necessary to effectuate the
transactions contemplated hereby;
(vii) One resale certificate regarding inventory; and
(viii) One executed copy of the Transition Services Agreement.
ARTICLE 11. POST CLOSING OBLIGATIONS
11.1 Further Assurances. From time to time after the Closing, without
further consideration, the parties shall cooperate with each other and shall
execute and deliver instruments of transfer or assignment, or such other
documents to the other party as such other party reasonably may request to
evidence or perfect Purchaser's right, title and interest to the Assets, and
otherwise carry out the transactions contemplated by this Agreement, including
providing that Purchaser will be able to utilize the AlliedSignal sales office
in Canada previously used by the Business. Any cash received by the Sellers
after the Closing in respect of any Asset shall be immediately remitted by
Sellers to Purchaser.
11.2 Access to Books and Records. After the Closing, Purchaser shall permit
AlliedSignal to have reasonable access to and the right to make copies of such
of Sellers' books, records and files as constitute part of the Assets or the
ELAC Assets for any reasonable purpose at any time during regular business
hours, such as for use in litigation or financial reporting, tax return
preparation, or tax compliance matters.
11.3 Cooperation in Litigation. The parties shall reasonably cooperate with
each other at the requesting party's expense in the prosecution or defense of
any dispute or litigation or other proceeding arising from their respective
operation of the Business, including but not limited to affording reasonable
access to and providing information regarding amounts in dispute, information
regarding former employees of the Business and documentation created in the
running of the Business relating to such dispute or litigation. Purchaser and
Sellers shall cooperate fully, as and to the extent reasonably requested by the
other party, and at their own cost and expense, in connection with the filing of
Tax Returns, the retention of records and the forwarding of any relevant notices
or other information received from any Taxing authority and any audit,
litigation or other proceeding with respect to Taxes, and shall fully and
accurately submit any tax data packages reasonably requested by Sellers within
the time periods established by the Sellers Tax department consistent with past
practices.
11.4 Proprietary Information. Prior to the Closing Date, the Business was
routinely supplied copies of proprietary and confidential information relating
to strategic, technical, and/or marketing plans of AlliedSignal and its
Affiliates and their various operations unrelated to the Business. Although
AlliedSignal has attempted to recover such information from the Business, some
may still be present within the Business. Purchaser therefore agrees that it
34
will not use such information for any purpose whatsoever, and shall destroy any
remaining copies.
11.5 Covenant Not to Compete. AlliedSignal and each of its Affiliates
agrees that for a period of five years after the Closing Date, neither it nor
any of its Affiliates will, directly or indirectly, own, manage, operate, join,
control or participate in the ownership, management, operation or control of,
any business whether in corporate, proprietorship or partnership form or
otherwise competitive with the Business as currently conducted, except for (i)
any business, service or product line acquired by AlliedSignal, directly or
indirectly, after the Closing Date to the extent the revenues attributable to
the competing business do not account for in excess of 20% of the revenues of
the business acquired or (ii) any investment by the Savings Plans or the Pension
Plans of AlliedSignal.
11.6 Change of Name. To the extent AS Deutschland has not done so prior to
Closing, Purchaser covenants that promptly after Closing it will change the
legal name of ELAC and its wholly owned pension fund subsidiary in accordance
with German law to eliminate the reference therein to "AlliedSignal."
11.7 Tax Election. The Purchaser may at its option make a section 338
election with respect to the ELAC Shares or in the alternative, the Purchaser
may purchase the ELAC Shares through a German acquisition vehicle; provided
that, in either case, the Seller consents to the making of such election or
purchase which such consent shall not be unreasonably withheld.
11.8 Research and Experimental Expenses. Sellers will furnish to the
Purchaser as soon as reasonably practicable, but in no event more than 180 days
after Closing, at Seller's cost and expense, all information reasonably
requested relating to the base period research expenses and any other
information to allow Purchaser to claim research and experimental credits in
accordance with the relevant sections of the Code and Treasury Regulations
promulgated thereunder.
11.9 Pooling Arrangement. As described in Section 7.13, the Pooling
Arrangement is to be terminated not later than December 31, 1998.
Notwithstanding the existence of the Pooling Arrangement, any net earnings of
ELAC during the period from the Effective Date until the date the Pooling
Arrangement is terminated (the "Pooling Period") shall be treated as an Asset,
and all losses and the consequences thereof shall be treated as an Assumed
Liability, for purposes of this Agreement.
ARTICLE 12. 1NDEMMFICATION
12.1 Indemnification by Sellers. Sellers shall defend, indemnify and hold
harmless Purchaser and Purchaser's directors, shareholders, officers, employees,
agents, Affiliates, successors and each of the heirs, executors and successors
and assigns of any of the foregoing (collectively, the "Purchaser Indemnified
Parties") from and against any and all claims, liabilities, obligations, losses,
costs, expenses (including, without limitation, reasonable legal,
35
accounting and similar fees and expenses), fines, damages (individually a "Loss"
and collectively "Losses"), arising out of:
(a) any breach or violation of any of the covenants or agreements made
by Sellers in this Agreement or the Other Agreements;
(b) any breach of, or any inaccuracy or misrepresentation in, any of
the representation or warranties made by Sellers in this Agreement or in
any Schedule, agreement, instrument, certificate or similar document
required to be delivered pursuant to the terms hereof; or
(c) any of the Excluded Liabilities or Excluded Assets.
12.2 Tax Indemnification. The Sellers shall, jointly and severally, be
responsible for, shall pay or cause to be paid, and shall indemnify and hold
harmless the Purchaser Indemnified Parties from and against any and all Taxes
for or in respect of each of the following:
(a) any and all Taxes with respect to any taxable period or a portion
thereof, of ELAC (or any predecessor) ending on or before the Closing Date;
(b) with respect to any and all Taxes of any member of a consolidated,
combined or unitary group of which ELAC (or any predecessor) is or was a
member on or prior to the Closing Date by reason of the liability of ELAC
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;
(c) any Taxes arising out of a breach of the representations and
warranties contained in Section 4.16; and
(d) 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), including but not limited to the profit/loss pooling
arrangement with AS Deutschland set forth on Schedule 4.16, to which ELAC
was obligated, or was a party, on or prior to the Closing Date.
12.3 Indemnification by Purchaser. Purchaser shall indemnify and hold
harmless AlliedSignal and AlliedSignal's directors, shareholders, officers,
employees, agents, consultants, representatives, Affiliates, successors and
assigns (the "AlliedSignal Indemnified Parties") from and against any and all
Losses arising out of:
(a) any breach or violation by Purchaser of any of the covenants or
agreements made by Purchaser in this Agreement or the Other Agreements;
(b) any breach of, or any inaccuracy in any of the representations or
warranties made by Purchaser in this Agreement, or in any Schedule,
agreement, certificate, instrument or similar documents required to be
delivered pursuant to the terms hereof; or
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(c) any Assumed Liability.
12.4 Indemnification Procedure. (a) Any party seeking indemnification
hereunder (the "Indemnitee") shall notify the party liable for such
indemnification (the "Indemnitor") in writing of any event, omission or
occurrence which the Indemnitee believes has given or could give rise to Losses
which are indemnifiable hereunder (such written notice being hereinafter
referred to as a "Notice of Claim"). Any Notice of Claim shall be given promptly
after the Indemnitee becomes aware of such event, omission or occurrence;
provided, that the failure of any Indemnitee to give notice as provided in this
Section 12.4 shall not relieve the Indemnitor of its obligations under this
Section 12.4, except to the extent that the Indemnitor is actually prejudiced by
such failure to give notice. A Notice of Claim shall specify in reasonable
detail the nature and the particulars of the event, omission or occurrence
giving rise to a right of indemnification to the extent known by or available to
Indemnitee. The Indemnitor shall satisfy its obligations hereunder within thirty
(30) days of its receipt of a Notice of Claim.
(b) All costs and expenses incurred by the Indemnitor in defending any
claim or demand shall be a liability of, and shall be paid by, the
Indemnitor. Except as hereinafter provided, in the event that the
Indemnitor notifies the Indemnitee within the 30 day period that it desires
to defend the Indemnitee against such claim or demand, the Indemnitor shall
be deemed to waive its right to contest such Indemnitee's right to
indemnification hereunder and shall have the right to defend the Indemnitee
by appropriate proceedings and shall have the sole power to direct and
control such defense. If any Indemnitee desires to participate in any such
defense, it may do so at its sole cost and expense; provided, that such
Indemnitee shall have the right to employ separate counsel to represent
such Indemnitee in such defense, at the Indemnitor's expense, if (i) in
such Indemnitee's reasonable judgement and on the advice of counsel, a
conflict of interest between such Indemnitor and such Indemnitee exists
with respect to such claim or demand or (ii) the Indemnitor agrees to the
retention of such counsel. So long as the Indemnitor is reasonably
contesting any such claim or demand in good faith, the Indemnitee shall not
pay or settle a claim or demand without the consent of the Indemnitor
(unless the Indemnitee waives in writing any right to indemnity therefor).
The Indemnitor may settle any claim or demand without the consent of the
Indemnitee provided that such settlement includes a full, unconditional and
complete release of the Indemnitee, and provided also that no such
settlement will, without the prior written consent of the Indemnitee,
impose any obligation or restriction on the Indemnitee or any of its assets
or businesses. So long as the Indemnitor is defending in good faith any
such third party claim, demand, suit, action or proceeding, the Indemnitee
shall at all times cooperate in all reasonable ways with, make its relevant
files and records available for inspection and copying by, and make its
employees available or otherwise render reasonable assistance to, the
Indemnitor and shall be reimbursed for its reasonable out-of-pocket
expenses related thereto. In the event that the Indemnitor fails to timely
defend, contest or otherwise protect against any such third party claim,
demand, suit, action or proceeding, the Indemnitee at the Indemnitor's
expense shall have the right, but not the obligation, to defend, contest,
assert crossclaims or counterclaims, or otherwise protect against, the same
and may make any compromise or settlement thereof and be entitled to all
amounts paid as a result of such third party claim, demand, suit or action
or any compromise or settlement thereof.
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(c) The Indemnitor, following receipt of any notice from any
Indemnitee requesting reimbursement for a Loss (which notice documents in
reasonable detail the Loss or portion thereof by the Indemnitee) shall
promptly and in any case within thirty days of receipt provide such
reimbursement, unless and only to the extent that the Indemnitor disputes
in good faith its indemnity obligation with respect to such Loss.
(d) Each Indemnitee shall reasonably cooperate in complying with any
applicable foreign, federal, state or local laws, rules or regulations or
any discovery or testimony necessary to effectively carry out the
Indemnitor's obligations hereunder. Such Indemnitee shall be reimbursed for
any reasonable out-of-pocket expenses incurred in connection with such
compliance.
12.5 Survival and Limitations. Except as otherwise provided herein, the
warranties and representations of the parties contained in this Agreement or in
any instrument delivered pursuant hereto, as deemed to have been given as of the
Effective Date or the Closing Date, as the case may be, pursuant to Section
8.1(b), will survive the Closing Date and will remain in full force and effect
thereafter for a period of two years from the Closing Date; provided that the
representations and warranties contained in (i) Sections 4.8 and 4.18 shall
survive the Closing Date indefinitely and (ii) Sections 4.3, 4.10, 4.11, 4.16
and 4.21 which shall survive the Closing Date until 90 days following the
expiration of any statute of limitations (or extensions thereof) applicable to
the matters described therein; and provided further that in the event notice of
any claim for indemnification is given within the applicable survival period,
the representations and warranties that are the subject of such indemnification
claim shall survive until such time as such claim is finally resolved. Anything
to the contrary contained herein notwithstanding, (a) neither party shall assert
any claim against the other for indemnification (not including indemnification
for Taxes) hereunder with respect to any inaccuracy or breach of such warranties
or representations unless and until the amount of such claim or claims,
including any claims deemed made pursuant to Section 12.8, shall exceed $750,000
calculated on a cumulative basis and not a per item basis, and then only in
respect to the excess over said $750,000; and (b) neither party shall be
entitled to recover from the other more than 50% of the sum of (I) the Purchase
Price hereunder and (II) the Purchase Price under the Facility Sale Agreement
with respect to all claims for indemnity with respect to any inaccuracy or
breach of such warranties or representations.
12.6 Adjustment for Insurance and Taxes. The amount (an "Indemnity
Payment") which an Indemnitor is required to pay on behalf of any Indemnitee
pursuant to this Article 12 shall be reduced by the amount of any insurance
proceeds theretofore or thereafter actually received by or on behalf of the
Indemnitee in reduction of the related indemnifiable loss. An Indemnitee which
shall have received or on behalf of which there shall be paid an Indemnity
Payment and which shall subsequently receive, directly or indirectly, insurance
proceeds in respect of the related indemnifiable loss, shall pay to the
Indemnitor the amount of such insurance proceeds or, if lesser, the amount of
the Indemnity Payment. Where any tax benefit is available to the Indemnitee with
respect to an indemnifiable event, the indemnity payment shall be reduced dollar
for dollar by the amount of such tax benefit and where any net Tax cost is
incurred by the Indemnitee arising from the receipt of indemnity payments
hereunder, the indemnity payment shall be increased dollar for dollar by the
amount of such Tax cost (grossed up for such increase), provided that such Tax
benefit or Tax cost shall be computed
38
at the highest federal, state, local and foreign corporate income tax rate of
the jurisdiction in which such Tax benefit or Tax cost so relates.
12.7 Environmental Liabilities. (a) To the fullest extent permitted under
(i) the Stock Purchase Agreement pursuant to which AlliedSignal acquired ELAC
from Honeywell and (ii) Applicable Law, AlliedSignal agrees to assign its
indemnification rights if any in respect of the ELAC facility to Purchaser and
to the extent not assignable to enforce such provisions for the benefit of
Purchaser and to provide any amounts it receives in connection therewith to
Purchaser.
(b) Notwithstanding Section 3.2(d), (i) Purchaser shall indemnify
the AlliedSignal Indemnified Parties from and against the first $3
million of Losses, in aggregate, in respect of the combined
Environmental Liabilities hereunder and under the Facility Sale
Agreement and 50% of the next $2 million of such Losses and (ii)
AlliedSignal shall indemnify the Purchaser Indemnified Parties from
and against any other Losses relating to Environmental Liabilities.
12.8 Facility Sale Agreement. Purchaser agrees to indemnify the Allied
Signal Indemnified Parties from and against amounts up to $750,000, calculated
on a cumulative basis and not a per item basis, paid by Sellers under Article 11
of the Facility Sale Agreement for claims under the Facility Sale Agreement for
indemnification (not including indemnification for Taxes) thereunder with
respect to any inaccuracy or breach of the warranties or representations
thereunder. If AlliedSignal shall be liable to any party pursuant to the
Facility Sale Agreement (a "Facility Sale Liability"), Purchaser shall indemnify
AlliedSignal to the extent the amount of such Facility Sale Liability exceeds
the amount for which Sellers would have been liable under this Agreement had the
Real Estate Assets (as defined in the Facility Sale Agreement) been included in
the Assets. Any payments made pursuant to this Section 12.8 shall be deemed
"claims" for purposes of the $750,000 threshold set forth in Section 12.5.
Sellers shall not be required to pay more than once in respect of any Loss.
ARTICLE 13. MISCELLANEOUS
13.1 Expenses. Except as specifically set forth elsewhere herein and except
that a party not in breach of this Agreement shall be entitled to recover from a
breaching party all expenses and costs incurred by the non-breaching party by
reason of such breach (including, without limitation all legal expenses and
costs), each of the parties hereto shall pay its own expenses and costs incurred
or to be incurred by it in negotiating, closing and carrying out this Agreement,
and, in no event, shall any such fees and expenses of the Sellers constitute
"Assumed Liabilities" under this Agreement.
13.2 Notices. Any notice or communication given pursuant to this Agreement
by a party hereto to the other party shall be in writing and hand delivered, or
mailed by registered or certified mail, postage prepaid, return receipt
requested (notices so mailed shall be deemed given when mailed), or sent via
facsimile, with an original mailed as follows:
39
If to AlliedSignal or Sellers:
AlliedSignal Inc.
101 Columbia Road
Morristown, New Jersey 07962
Attention: Vice President and Chief Financial Officer
Telecopier: 973-455-6039
If to Purchaser:
L-3 Communications Corporation
600 Third Avenue
New York, New York 10016
Attention: Christopher C. Cambria, Esq.
Telecopier: 212-805-5494
with a required copy to:
Simpson Thacher & Bartlett
425 Lexington Avenue
New York, New York 10017
Attention: David B. Chapnick, Esq.
Telecopier: 212-455-2502
13.3 Confidentiality. AlliedSignal and Purchaser have entered into a
Confidentiality Agreement dated September 23, 1997 which notwithstanding any
provision herein to the contrary shall survive the execution and delivery of
this Agreement and the Closing hereunder.
13.4 Counterparts. This Agreement may be executed simultaneously in two or
more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
13.5 Entire Agreement/Termination of December Agreement. Except for the
Confidentiality Agreement referred to in Section 13.3, this Agreement and the
Other Agreements are the entire agreement between the parties hereto with
respect to the subject matter hereof and supersede all prior communications,
representations, agreements and understandings between the parties hereto,
whether oral or written, including any prior version of this Agreement executed
and delivered by the parties hereto. On December 22, 1997, the parties hereto
entered into that certain Purchase Agreement (the "December Agreement")
regarding the purchase and sale of the Assets. Since the date of the December
Agreement, Purchaser has conducted an audit and other examinations of the
Business and has asserted certain claims with respect to the December Agreement,
relating, inter alia, to the financial position and business prospects of the
Business. The parties have resolved all such claims and, for good and valuable
consideration the receipt and sufficiency of which are hereby acknowledged, have
restated their agreement with respect to the purchase and sale of the Business,
as set forth in this Agreement. The December Agreement is hereby terminated, is
40
of no further force or effect, and no party shall have any right or obligation,
whether as a matter of the law of contract or otherwise, under, arising out of
or relating to, the December Agreement or any matter appearing in the December
Agreement that does not appear in this Agreement (including, without limitation,
the representations and warranties of Sellers that do not appear in this
Agreement). The agreement between the parties as to the purchase and sale of the
Business is expressed in its entirety in this Agreement.
13.6 Construction. When the context so requires, references herein to the
singular number include the plural and vice versa and pronouns in the masculine
or neuter gender include the feminine. The headings contained in this Agreement
and the tables of contents, exhibits and schedules are for reference purposes
only and shall not affect the meaning or interpretation of this Agreement.
13.7 Assignment. This Agreement may not be assigned, in whole or in part,
by any party hereto without the prior written consent of the other parties
hereto, which consent shall not unreasonably be withheld; provided that
Purchaser may, without the consent of Sellers, assign its rights and
obligations, in whole or in part, to any wholly-owned subsidiary of Purchaser so
long as Purchaser remains bound by all the terms of this Agreement.
13.8 Amendment. This Agreement may be amended, supplemented or otherwise
modified only by written agreement duly executed by the parties hereto.
13.9 Applicable Law. This Agreement shall be construed in accordance with
the laws of the State of New York, disregarding its conflicts of laws principles
which may require the application of the laws of another jurisdiction.
13.10 No Third Party Rights. This Agreement is not intended and shall not
be construed to create any rights in any parties other than Sellers and
Purchaser and no other person shall assert any rights as a third party
beneficiary hereunder.
13. 11 Exhibits and Schedules. The Exhibits and Schedules attached hereto
are incorporated into this Agreement and shall be deemed a part hereof as if set
forth herein in full. References herein to "this Agreement" and the words
"herein," "hereof' and words of similar import refer to this Agreement
(including Exhibits and Schedules) as an entirety. In the event of any conflict
between the provisions of this Agreement and any such Exhibit or Schedule, the
provisions of this Agreement shall control.
13.12 Waivers. Any waiver of rights hereunder must be set forth in writing.
Except as provided in the preceding sentence, no action taken pursuant to this
Agreement, including, without limitation, any investigation by or on behalf of
any party, shall be deemed to constitute a waiver by the party taking such
action of compliance with any representations, warranties, covenants or
agreements contained herein, or in any documents delivered or to be delivered
pursuant to this Agreement or in connection with the Closing hereunder. A waiver
of any breach or failure to enforce any of the terms or conditions of this
Agreement shall not
41
in any way affect, limit or waive any party's rights at any time to enforce
strict compliance thereafter with every term or condition of this Agreement.
13.13 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 in no way affect the
validity of the remainder of this Agreement.
13.14 Bulk Sales Law. The parties hereto agree to waive compliance with the
provisions of the bulk sales law of any jurisdiction. The Sellers agree to
indemnify and hold harmless Purchaser from and against any and all liabilities
which may be asserted by third parties against Purchaser as a result of such
noncompliance.
13.15 Knowledge of Sellers. For purposes of this Agreement, Knowledge of
Sellers or any similar expression shall mean the knowledge, after due inquiry,
of (i) the executive officers of Sellers; (ii) Robert Johnson; or (iii) Steven
Schorer and all individuals who directly report to Mr. Schorer.
13.16 Personal Liability. The directors, officers, stockholders, employees,
agents, consultants, representatives and affiliates of each of the parties
hereto acting in such capacity shall not in such capacity have any personal
liability or obligation arising under this Agreement (including any claims that
the other parties may assert).
42
IN WITNESS WHEREOF, Sellers and Purchaser have duly executed and delivered
this Agreement as of the day and year first above written.
AlliedSignal Inc.
By: /s/ R. Carlson
-----------------------------
AlliedSignal Technologies, Inc.
By: /s/ R. Carlson
-----------------------------
AlliedSignal Deutschland GmbH
By: /s/ R. Carlson
-----------------------------
L-3 Communications Corporation
By: /s/ [ILLEGIBLE]
-----------------------------
43
EXHIBIT A TO
ASSET PURCHASE
AGREEMENT
LICENSE AGREEMENT
[Attached following the schedules]
44
EXHIBIT B TO
ASSET PURCHASE
AGREEMENT
TRANSITION SERVICES AGREEMENT
[Attached following the schedules]
Schedule 1 - Products
Ocean Systems Product List
Airborne
AQS-18
AQS- 1 8A
AQS-1 8VIA
AQS- 1 8V(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
Foghoms designed for stationary application at the coast or on
off-shore platforms, available in directional and non-directional
version.
Hvdrogravhic 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.
Hydrogranhic 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.
Hydrogranhic 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 ComDonents
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, Hvdronhones 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 standalone 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 BOTF~OMCHART 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 hzzve 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(i) - 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
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DEPLOYABLE SONAR ARRAY WITH INTERCONNECTED TRANSDUCERS OPERATED IN THE BENDING MODE
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
United States 4208738 17JEI980 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 01AP1985 GRANTED EXPIRES 22DE1998
Great Britain 2010764 17MR1982 GRANTED EXPIRES 14DE1998
West Gennany P2855443.0 16JL1987 GRANTED EXPIRES 21DE1998
Japan 1401012 21FE1987 GRANTED EXPIRES 26DE1998
United States 4173195 06N01979 GRANTED EXPIRES 27DE1997
COLLET TYPE CYLINDER SEPARATION DEVICE
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
United States 4120519 170C1978 GRANTED EXPIRES 030C1997
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 09N01999
FISH COUNTER WITH SCANNING TRANSDUCER
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
Canada 1129981 17AU1982 GRANTED EXPIRES 17AU1999
United States 4225951 30SE1980 GRANTED EXPIRES 05FE1999
WHEEL SPEED SIGNAL- PRODUCING SYSTEM FOR SKID CONTROL
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
United States 4267575 12MY1981 GRANTED EXPIRES 09JL1999
CABLE CONSTRUCTION
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
Great Britain 2056157 13AP1983 GRANTED EXPIRES 21JL2000
West Germany P3028113.1 180C1990 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
------------------------------------------------------------------------------------------------
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United States 4424042 03JA1984 GRANTED EXPIRES 23JL2001
CONNECTOR FOR SMALL DIAMETER ELONGATED SONAR ARRAYS
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
United States 4304456 08PE1981 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 080C1985 GRANTED EXPIRES 080C2002
TUNED CIRCUIT & METHOD FOR SONAR BEAM PAlTERN 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 EPO113623 07SE1988 GRANTED EXPIRES 15DE2003
Great Britain EPO113623 07SE1988 GRANTED EXPIRES 15DE2003
West Germany P3377954.6 07SE1988 GRANTED EXPIRES 15DE2003
Japan 1727441 19JA1993 GRANTED EXPIRES 27DE2003
United States 4538250 27AUI985 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 EPO580808 08JA1997 GRANTED EXPIRES 15AP2012
Germany EP0580808 08JA1997 GRANTED EXPIRES 15AP2012
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 EP0580808 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
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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 09DE1986 GRANTED EXPIRES 280C2005
UNDERWATER TRANSDUCER
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
Australia 590050 22FE1990 GRANTED EXPIRES 23FE2007
France EPO243591 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 EPO243591 14AP1993 GRANTED EXPIRES 09FE2007
United States 4764907 16AU1988 GRANTED EXPIRES 30AP2006
FLEXURAL DISK TRANSDUCER
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
France EPO265679 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 07N01996 GRANTED EXPIRES 280C2007
United States 4709361 24N01987 GRANTED EXPIRES 300C2006
CABLE WIPER
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
United States 4845683 04JL1989 GRANTED EXPIRES 160C2006
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 Conv. 94112474.5 10AU1994 FILED
United States 5359445 250C1994 GRANTED EXPIRES 250C2011
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 220C1991 GRANTED EXPIRES 25SE2010
PISTON & DRUM DRIVE SYSTEM
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
Canada 2069494-7 07N01990 FILED
France EP0505437 16MR1994 GRANTED EXPIRES 07N02010
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Great Britain EP0505437 16MR1994 GRANTED EXPIRES 07N02010
Germany P69007492.1 16MR1994 GRANTED EXPIRES 07N02010
Italy EP0505437 16MR1994 GRANTED EXPIRES 07N02010
Japan 501453/91 07N01990 FILED
United States 4973893 27N01990 GRANTED EXPIRES 12DE2009
SHOCK RESISTANT FLEXTENSIONAL TRANSDUCER
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
Canada 2007096 O4JA1990 FILED
France 9001617 12FE1990 FILED
Great Britain 2303760 O3JE1997 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 EPO582639 08JA1997 GRANTED EXPIRES 25MR2012
Great Britain EPO582639 08JA1997 GRANTED EXPIRES 25MR2012
Germany P69216603.3 08JA1997 GRANTED EXPIRES 25MR2012
United States 5078466 O7JA1992 GRANTED EXPIRES 19AP2011
LOW FREQUENCY SONAR PROJECTOR AND METHOD
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
Australia 664961 07JE1996 GRANTED EXPIRES 04MY2013
France EP0640020 13MR1996 GRANTED EXPIRES 04MY2013
Great Britain EP0640020 13MR1996 GRANTED EXPIRES 04MY2013
Germany P69301819.4 13MR1996 GRANTED EXPIRES 04MY2013
Italy EPO640020 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 310C1999
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 05N02001
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
· Enlarge/Download Table
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 24N01992 GRANTED EXPIRES 24N02009
West Germany P3812244.8 09N01989 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 O5JL2O11
France EPO345718 15DE1993 GRANTED EXPIRES 06JE2009
Great Britain EPO345718 15DE1993 GRANTED EXPIRES 06JE2009
Italy EPO345718 15DE1993 GRANTED EXPIRES 06JE2009
Norway 174826 13JL1994 GRANTED EXPIRES 08JE2009
UNDERWATER DIRECTION FINDING
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
France EPO355669 06AP1994 GRANTED EXPIRES 16AU2009
Great Britain EPO355669 06AP1994 GRANTED EXPIRES 16AU2009
Italy EPO355669 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 Status Substatus Date
------------------------------------------------------------------------------------------------
West Germany P3939398.4 24JA1991 GRANTED EXPIRES 29N02009
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
· Enlarge/Download Table
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 I1AU1994 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 25JL1995 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 ALUEDSIGNAL ELAC NAUTIK GmbH AND DIEHL GznbH.
UNDERWATER TARGET LOCALIZER
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
Eur. Patent Conv. 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 Conv. 95925762.7 26JE1995 FILED
Germany P4423235.7 02JL1994 FILED
Pat. Coop. Treaty PCT/EP95/02476 26JE1995 FILED
United States 000000 26JE1995 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
· Enlarge/Download Table
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 240C1996 FILED
Germany 19541417.9 11N01995 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 22N01996 FILED
SHOCK ABSORBING BEARING FOR GEAR WHEELS
Country Number Date Status Substatus Date
------------------------------------------------------------------------------------------------
Germany P19652143.2 14DE1996 FILED
Trademark, 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)
Internationa1(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
· Enlarge/Download Table
Support Provided by:
Local
------------------------------------------
System/Application Version Vendor Platform Infrastructure App. Support
-----------------------------------------------------------------------------------------------
VAX - General/Utilities
-----------------------------------------------------------------------------------------------
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
-----------------------------------------------------------------------------------------------
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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 5 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 l.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
-----------------------------------------------------------------------------------------------
DECWindows 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
-----------------------------------------------------------------------------------------------
SNA-3270-DSPI DIGITAL VAX/VMS X
-----------------------------------------------------------------------------------------------
SNA-3270-TE DIGITAL VAX/VMS X
-----------------------------------------------------------------------------------------------
SNA-PRE DIGITAL VAX/VMS X
-----------------------------------------------------------------------------------------------
SNA-RJE DIGITAL VAX/VMS X
-----------------------------------------------------------------------------------------------
SNA-VMS DIGITAL VAX/VMS X
-----------------------------------------------------------------------------------------------
SSU DIGITAL VAX/VMS X
-----------------------------------------------------------------------------------------------
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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Support Provided by:
Local
------------------------------------------
System/Application Version Vendor Platform Infrastructure App. Support
-----------------------------------------------------------------------------------------------
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 Cincorn VAX/VMS X
-----------------------------------------------------------------------------------------------
Inventory Control 7.2.2 Cincom VAX/VMS X
-----------------------------------------------------------------------------------------------
Master Production
Scheduling 7.22 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 7.22 Cincom VAX/VMS X
-----------------------------------------------------------------------------------------------
Purchase Part and Quote 7.22 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 722 Cincom VAX/VMS X
-----------------------------------------------------------------------------------------------
Spectra Custom 7.2.2 Cincom VAX/VMS X
-----------------------------------------------------------------------------------------------
QRW 7 Cincom VAX/VMS X
-----------------------------------------------------------------------------------------------
PC NT Series
-----------------------------------------------------------------------------------------------
MlvfrA Microsoft NT X
-----------------------------------------------------------------------------------------------
MSMAIL Microsoft NT/W95 X
-----------------------------------------------------------------------------------------------
DNS Microsoft NT X
-----------------------------------------------------------------------------------------------
WINS Microsoft NT X
-----------------------------------------------------------------------------------------------
DHCP Microsoft NT X
-----------------------------------------------------------------------------------------------
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Support Provided by:
Local
------------------------------------------
System/Application Version Vendor Platform Infrastructure App. Support
-----------------------------------------------------------------------------------------------
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 4.5 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 2.03.1 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
-----------------------------------------------------------------------------------------------
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 ln-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:
Local
------------------------------------------
System/Application Version Vendor Platform Infrastructure App. Support
-----------------------------------------------------------------------------------------------
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
-----------------------------------------------------------------------------------------------
Repair & Overhaul System Custom In-house VAX/VMS X
-----------------------------------------------------------------------------------------------
Risk Anaiysis/Control Plan Custom In-house VAX/VMS X
-----------------------------------------------------------------------------------------------
SSR System Custom In-house VAX/VMS X
-----------------------------------------------------------------------------------------------
Tooling System Custom In-house VAX/VMS X
-----------------------------------------------------------------------------------------------
TQM Custom In-house VAX/VMS X
-----------------------------------------------------------------------------------------------
Wire list System Custom In-house VAX/VMS X
-----------------------------------------------------------------------------------------------
PC Desktop
-----------------------------------------------------------------------------------------------
Windows 95 Microsoft NT/W95 X
-----------------------------------------------------------------------------------------------
PVCS 5.01 PVCS NT/W95 X
-----------------------------------------------------------------------------------------------
MSExcel 7 Microsoft NT/W95 X
-----------------------------------------------------------------------------------------------
MSWord 7 Microsoft NT/W95 X
-----------------------------------------------------------------------------------------------
MsPowerpnt 7 Microsoft NT/W95 X
-----------------------------------------------------------------------------------------------
MSSchedule Plus 7 Microsoft NT/W95 X
-----------------------------------------------------------------------------------------------
MSWinProject 4 Microsoft NT/W95 X
-----------------------------------------------------------------------------------------------
MSAccess 2 Microsoft WIYW95 X
-----------------------------------------------------------------------------------------------
MSAccess 7 Microsoft NT/W95 X
-----------------------------------------------------------------------------------------------
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:
Local
------------------------------------------
System/Application Version Vendor Platform Infrastructure App. Support
-----------------------------------------------------------------------------------------------
Photo Magic 1 Micrografix NT/W95 X
-----------------------------------------------------------------------------------------------
Corel 4 Corel NT/W95 X
-----------------------------------------------------------------------------------------------
ABCFlowcharter Micrografix NT/W95 X
-----------------------------------------------------------------------------------------------
Acrobat 3 Adobe NT/W95 X
-----------------------------------------------------------------------------------------------
Netscape 3.01 Netscape NT/W95 X
-----------------------------------------------------------------------------------------------
COMINS 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 222.4 AutoDesk NTIW95 X
-----------------------------------------------------------------------------------------------
DatalO (Futurenet) Futurenet NT/W95 X
-----------------------------------------------------------------------------------------------
Windows 3.1 Microsoft NT/W95 X
-----------------------------------------------------------------------------------------------
Windows 3.11 Microsoft NT/W95 X
-----------------------------------------------------------------------------------------------
MSWord 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
-----------------------------------------------------------------------------------------------
oce3OS/UGII 9.1 UGII HP 9000 X
-----------------------------------------------------------------------------------------------
oce3O6/Pro E 18 PTC HP 9000 X
-----------------------------------------------------------------------------------------------
oce3O7/Mentor Graphics B.4 Mentor HP 9000 X
-----------------------------------------------------------------------------------------------
oce3lS/Intercap 7.83 Intercap HP 9000 X
-----------------------------------------------------------------------------------------------
oce3l9/Interleaf 6 Interleaf HP 9000 X
-----------------------------------------------------------------------------------------------
oce322/IDEAS 5 SDRC HP 9000 X
-----------------------------------------------------------------------------------------------
IBM (Ocean Systems Specific)
-----------------------------------------------------------------------------------------------
Support Provided by:
Local
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System/Application Version Vendor Platform Infrastructure App. Support
-----------------------------------------------------------------------------------------
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 Inventory
(NT or W95 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 VirusProtectOOl 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
Informix 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.lOa 1
LanWorkplac Novell 16 5
ManageWise Novell 2.1 250
ManageWise Novell 2.1 5
ManageWise Novell 2.1 5
ManageWise Novell 2.1 5
Netware001 Novell 4.1 75
NetwareO02 Novell 4.1 50
Netware003 Novell 4.1 50
Netware004 Novell 4.1 250
Netwarel00 Novell 3.12 2
Netwarel0l Novell 4.1 2
Orcad Orcad 4.0 6
Easy-Archiv Recognita 2000 1
Unixl02 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
----------------------------------------------------------------------------------------------------------------
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-------------------------------------------------------------------------------------------------------------------
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 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 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 YS2000 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- 5/1/88 10 years J. Andersen
014/DA
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
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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. RiehI
Raytheon Electronics YS2000fItalian 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 l 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 AJ. 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 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
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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
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 I. 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 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
----------------------------------------------------------------------------------------------------------------------
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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 YS2000 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- 5/1/88 10 years J. Andersen
014/DA
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-l8 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
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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 Anschtutz
96-01-05 HDW
96-01-06 Elektro-Optilc 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-013lUU2K 245635.00 USA OP
N00019-97-G-00080001 8299107.00 USA OP
N00019-97-G-0008UU01 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-El56 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-O-700N5213 77000.00 USA OP
N00383-95-G-209N0002 157836.00 USA OP
N00383-95-G-209NUUIR 79367.00 USA OP
N00383-95-G-2O9NUUIT 75108.00 USA OP
N00383~95-G-2O9NUU5l 117108.00 USA OP
N00383-95-G-209NUU55 165960.00 USA OP
N00383-95-G-2O9NUU57 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
N0O383~95-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-OOOIUUO8 153189.00 USA OP
N68335-96-G-00471JU02 152100.00 USA OP
P015101 106873.00 USA OP
P7805158 4862872.00 USA OP
P7822564 154500.00 USA OP
R9525401 357259.00 USA OP
5P0960-97-M-0936 95880.00 USA OP
A1E02546 - Aero International 4697043.00 VAR-NON US OP
W8472-5-BGV 1 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 JPN 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-DGM/DAR-95-074 122720.00 PER OP
DNO1/96 151793.00 PRT OP
TURKEY 1 15548572.00 TWN OP
PA2314-C059 272645.00 TWN OP
PB4961-C067-P00 281000.00 TWN OP
ROCN 25843178.00 TWN OP
N00019-90-G-0200YCIF 83400.00 USA OP
NOOO19-90-G-0200YC93 715362.76 USA OP
Ocean Systems - Open POs Over $75,000
-------------------------------------
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P0 No. P0 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
BOl149 $ 333,750 Open $ 333,750 47287 INTERTEK TECHN. SERVICES
B01263 $ 200,000 Open $ 200,000 29744 EGGHEAD SOFTWARE
BO1742 $ 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
BOS158 $ 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 HAMILTON/AVNET ELECTRONIC
B07471 $ 240,750 Open $ 35,310 $205,440 72805 RANTEC COMPANY
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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.
COO114 $ 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
DO1326 $ 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 "J" 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
Z38189 $ 110,000 Open $ 110,000 25171 DVR ENTERPRISE
Z40850 $ 250,000 Open $ 250,000 29742 EGGHEAD DISCOUNT SOFTWARE
Z40937 $1,012,000 Open $1,012,000 92011 WACKENHUT
Z40952 $ 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*
-------------------------------------------
· Download Table
Vendor Name Expires Equipment Description
----------- ------- ---------------------
Forsythe McArthur Assoc. August 7, 1998 VAX7620
VAX4100
MTICIQBU adaptor
high capacity tape drive
Forsythe McArthur Assoc. August 31, 1998 VAX661O
Forsythe MeArthur Assoc. August 31, 1998 MicroTechnology Raid Disk Farm
and associated devices
Forsythe McArthur Assoc. January 14, 1999 SUN Spark 20
Ocean Systems - Informatian Technology Service Agreements*
----------------------------------------------------------
· Enlarge/Download Table
----------------------------------------------------------------------------------------------------------------
Vendor Name Service Agreement Description Type of Expires
Coverage
----------------------------------------------------------------------------------------------------------------
Xerox Corporation HW maintenance (2080/7080 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 (Microfrarne) Maintenance 12/1/97
Executive Software Disk de-fragmentation (Diskeeper) Maintenance 12/14/97
Intersolv Inc Software config mgmt (PVCS) Maintenance 12/30/97
Struct. Dyn. Res. Corp. CAD (IDeas) Maintenance 12/30/97
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 maintewnance (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
Walker Richer and Quinn Reflection Blanket 3/10/98
Xerox Corporation HW maintenance (4050,4075,3700) Blanket 3/31/98
----------------------------------------------------------------------------------------------------------------
Ocean Systems - Confidentiality Agreements*
-------------------------------------------
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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
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 TB16BQ 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 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
Research Defense Hunt Class Mid Life 11/27/96 1 year A.J. Garber
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- 5/1/88 10 years J. Andersen
014/DA
Dynacon, Inc. LFATS Handling System 94-023 6/2/94 3 years A.J. Garber
E-Systerns 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 Alkmaar class mine counter 97-007 1/23/97 2 years S. McDonald
Signaalapparten
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 YS2000fItalian 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 8/6/96 10 years J. Winters
Towed
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*
-------------------------------------
oRetention Areements with key management (V. Davisson, V. Riehi, 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).
oRetention Agreement with Steve Schorer (AlliedSignal responsibility).
ELAC - Retention Agreements*
----------------------------
oRetention 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 TDM100.00
· 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
------------------------------------------------------------------------------------------------------------------------
BAZAN, Spanish Navy 4 Echosounders for 9/4/95 442.0 331.5 August 1999
Spain 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
------------------------------------------------------------------------------------------------------------------------
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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
------------------------------------------------------------------------------------------------------------------------
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 md. ILS for
Subs U212
------------------------------------------------------------------------------------------------------------------------
HDW, German Navy I 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
Submarines
------------------------------------------------------------------------------------------------------------------------
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, French Navy 7 Diver Sonars 6/18/97 966.8 41.5 December 1997
France
------------------------------------------------------------------------------------------------------------------------
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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=1,75
DM)
------------------------------------------------------------------------------------------------------------------------
SeaBeam, NAMRIA, 2 SeaBeam 1180 7/31/97 792.2 792.2 November 1997
USA Phillippines MK II
------------------------------------------------------------------------------------------------------------------------
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 md. ILS for
2
Subs U212
------------------------------------------------------------------------------------------------------------------------
TNSW, German Navy I 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
Bank Bonds
Deutsche Bank 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 + VoB 460 18.300,00 31.08.1998
7 A advance payment bond Blohm + VoB 461 17.625,00 31.08.1997
8 V performance bond Blohm + VoB 395 26.470,00 until further
9 G warranty bond Blohm + VoB 459 6.110,00 31.08.2000
10 G warranty bond Blohm + VoB 462 7.248,00 31.08.2001
11 G warranty bond Blohm + VoB 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 bond 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, Kiel 401 42.926,00 30.11.2001
41 V+G performance bond HDW, Kiel 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
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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. 199&
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 31.12.1996
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 5251.697,59
· Enlarge/Download Table
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 bond Def.Proc.Agency, Korea 441 1.870,39 USD 31.05.1997
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 & Carison
96-01-03 Reson
96-01-04 Raytheon Anschtutz
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
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)
· Download Table
CUSTOMER SALES ORDER CONTRACT # DESCRIPTION VALUE
-------- ----------- ---------- ----------- -----
NAVSEA SS3442 N00024-92-C-6502 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 SY3726 1F529 Q18M Spares $366K
HELLENIC NAVY 1Q18V System $2200K
NAVSEA ECP320/325 TB16 Upgrade $660K
NAVSEA TB23 Repairs $300K
· Enlarge/Download Table
ASOS-SB-RO10 PAGE NO: 187
ALLIEDSIGNAL OCEAN SYSTEMS RUN DATE: 12/19/97
PURCHASING STATISTIC AWARD REPORT
ALL PURCHASE ORDERS
FROM 08/01/97 THRU 12/18/97
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 PRODUCTS CORP. 23230 SB 1A 1A D05064 007 3000-031-01-0-0000-0-0-0 5002 47,600.00
12 CONSOLIDATED PRODUCTS CORP. 23230 SB 1A 1A D05064 008 3000-031-01-0-0000-0-0-0 5002 88,000.00
12 CONSOLIDATED PRODUCTS CORP. 23230 SB 1A 1A D05064 009 3000-031-01-0-0000-0-0-0 5002 54,400.00
TOTAL DOLLARS FOR THIS PO 462,400.00
$500,000 AND UP
TOTAL DOLLARS FOR THIS BUCKET 489,909.30
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 LAl6584/75 LA20231/85
VN87685/72 VN44208/76 VN98937/86
VN83102/72 VN41832176 VN15222/62
VN81765/72 VN43697/76 VN13124-62
VN968742/73 VN39986176
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/828
777456-331F/701
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. IU000068
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 Spray Booth
M09716 Spray Booth
P19724 Bake Oven
D29049 Surface Prep. Tank
Application No.'s 327865 Spray Booth/UV Cure
327866 Degreaser
ELAC
ELAC approval to release waste water dated June 25, 1997
ELAC business and local licenses are listed in Schedule 4.17
See also Schedule 4.15.
Schedule 4.11 - Benefit Plans and Policies
See also Schedule 6.6.
U.S. Pension, Savings and Stock Option Plans
Salaried Employees Pension Plan of AlliedSignal, Inc.
AlliedSignal, Inc. Pension Plan for Hourly Employees
AlliedSignal, Inc. Retirement Program
AlliedSignal, Inc. Supplemental Retirement Plan
AlliedSignal, Inc. Savings Plan
AlliedSignal, Inc. Thrift Plan
AlliedSignal, Inc. Supplemental Savings Plan
1993 Stock Plan for Employees of AlliedSignal, Inc. and its Affiliates
(option plan for certain managers)
U.S. Health and Welfare Plans
Medical-Managed Care-HCC-Salaried
Blue Cross/Blue Shield - Hourly
Dental Plan
Vision Plan-VSP-Salaried
Sick Days
Life Insurance
Group Universal Life Insurance
Long Term Disability (Salaried provided through pension plan)
Short Term Disability
Severance Plan
Drug Testing
Supplemental Unemployment Benefit per UAW Labor Agreement (hourly)
Personal Accident Insurance (voluntary)
Employment Laws in Germany and Agreements at ELAC
German Government Laws
Every employee must have insurance for:
Health
Unemployment
Pension (retirement)
o Daily working time is limited to 10 hours.
o Each employee is entitled to a minimum of 4 weeks vacation
annually.
o Significant restrictions apply to employee lay-offs, including,
without limitation, a 4 week minimum notice requirement prior to
lay-off and restrictions on layoffs for pregnant women and
employees over 56 years old.
Wage and Salary Agreements
Agreements between the Metal and Electro Employer Association and the
German Metal Union cover the following:
Standard wages and salaries.
Amount of extra payment for Christmas (50% of monthly salary)
Amount of extra payment for holidays (30% of monthly salary)
Payment during illness (6 weeks)
Annual vacation time (6 weeks)
These agreements have the status of laws.
Company Agreements
There are additional agreements between Sellers and the ELAC work
council covering the following:
Daily and weekly working time
Working rules
Pension plan
Redundancy payment plan (severance)
Employers contribution plans (savings plan)
Other German Benefit Programs
ELAC Pension Plan
Worldwide AlliedSignal Stock Purchase Plan
Statutory German Health and Welfare Plans
Company Automobiles
U.S. Other Programs
Education Assistance
Holidays
Vacation
Student Loan Program
Matching Gifts
Savings Bonds
Credit Union
Employee Mortgage Program
Ride Sharing Incentives
Reward and Recognition
Financial Planning Seminars
Service Awards
Bereavement Pay
Family Leave
Military Pay
Jury Duty
Adoption Assistance
Employee Assistance
Company Automobiles
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
(Purchaser responsibility).
o Retention Agreement with Steve Schorer (AlliedSignal
responsibility)
ELAC - Employment Agreements
All ELAC employees have employment agreements including temporary employees
and Apprentices. Most employees have "standard" agreements
("Anstellungsvereinbarung"). As of November 1, 1997, there were 170 employees,
as follows:
Category Employment Agreement Form Number
-------- ------------------------- ------
Employees Standard 136
Temporary Temporary 3
Apprentices Apprentice 4
Managers AT- Individual 26
Senior Manager GT- Individual 1
The following individuals have "AT-Individual" agreements: Bjornsen, Bohn,
Bomhorst, Brundel, Bumbe, Diehl, Eigenbrod, Gumpel, Gnutzmann, Gorl, Heir, Holm,
Jordt, Knoop, Kuhn, Maschmann, Olden Gueg, Raether, Schaefer, Schultz, Seibkin,
Tietz, Timm, Westerbeck, Wieczorek, Ziegenbein. Dr. Luder Hogrefe has the
"GT-Individual" agreement.
The following individuals are parties to retention agreements with an
aggregate contingent payment of $108,200: Dr L Hogrefe, W. Tietz, G. Jordt
(Purchaser responsibility).
Schedule 4.12 - Material Changes
Pre - Closing Committments
ELAC
ELAC and STN-ATLAS will sign a Teaming Agreement for the joint
development and marketing of a Mine Avoidance Sonar for Submarines
Ocean Systems
o Effective December 19, 1997, Ocean Systems is under contract with the
Turkish Navy to provide 4 AQS-l 8A 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.
o Additionally, Greece System 6 contract ($2.2M Sales value )
effectivity expected by December 31, 1997, and a $6 million booking is
expected on the TB-23 Refurbishment program.
o See also Schedule 4.7, containing recent contract information.
Pre-Closing Changes in Employment, Compensation and Benefits
ELAC
ELAC is covered by the "Tarifvertrag" of IG Metall Schleswig-Holstein.
This law covers all major employee issues such as salary, vacation,
illness, etc. The "Tarifvertrag" is valid for a certain time period and is
a topic of collective bargaining events between the Union and industrial
representatives. The basic salary is always an important topic for upcoming
negotiations. ELAC expects a salary increase of 2.5%, becoming effective on
the 1st of April 1998. This increase is covered within the 1998 ADP.
Recent Hirings - ELAC
ELAC expects to hire a replacement sales manager in December 1997
One additional marketing consultant was contracted in November 1997
Positions Currently Open at Ocean Systems
Sr. Transducer Engineer
Systems Engineer
Advanced Manufacturing Engineer (2)
Sr. Staff Electrical Desigzi Engineer (2)
Sr. Mechanical Engineer
Program Manager
Planner, Sr.
Sr. Engineer - Tech
Process Lead - Towed Array
Manager, Contracts
Sr. Cost Control Analyst
Sr. Financial Analyst
Human Resource Generalist
Schedule 4.14 - Compliance with Law
See Schedules 4.9, 4.10, 4.21(a) and 4.21(b).
Schedule 4.15 - Consents
The following may not be assigned without the written consent of the
contracting party:
* Service Agreement #SEROOOO6, dated June 1, 1995, between AlliedSignal
and C.I.E.R.
Service Agreement #SEROOOO7, dated June 1, 1995, between AlliedSignal and
Sigma International
Memorandum of Agreement dated October 31, 1996, between AlliedSignal and
Celsius Tech Systems AB
Teaming Agreement dated February 11, 1997, between AlliedSignal and STN
Atlas PTY, Limited
The following may be terminated by either party upon the sale of the other
party:
Cooperation Agreement dated February 19, 1996, between AlliedSignal
and FIAR
The following may be assigned upon a sale of assets, but Lockheed Martin
Librascope Corp. must be notified of the assignment and sale of assets:
Teaming Agreement, dated May 31, 1996, by and between AlliedSignal and
Lockheed Martin Librascope Corporation.
*The lease between Honeywell and ELAC, dated March 31, 1994, may not be
assigned without the consent of Honeywell, which may not be unreasonably
withheld.
Any and all government contracts, U.S. or foreign, may not be assignable
without the consent of the government party.
Certain of the confidentiality agreements, software licenses, equipment
leases, and equipment service agreements listed on Schedule 4.6(a) may not
be assignable without the consent of the contracting party.
The export licences set forth on schedule 4.17 may not be assignable
without consent.
The permits, licenses, certificates and registrations referenced in
Schedules 4.10 and 4.17 may require action by the Buyer in the form of
notification, reapplication or otherwise, upon a change in ownership.
----------
* Material consent.
Schedule 4.16 - ELAC Taxes
o Tax audit executed by the Tax Authorities of Kiel for the years 1989
through 1993. During the last tax audit, covering the period ending
December 31, 1993, the tax authorities made minor routine findings which
are not expected to have a significant impact in subsequent years. Years
after 1993 are still open but no specific tax exposure is known.
o ELAC is a party to the profit pooling agreement with AlliedSignal
Deutschland GmbH for the period 1995 to 1997.
o Annual audit of the General Ledger executed by Price Waterhouse for the
year 1996.
Schedule 4.17 - Permits and Licenses
Ocean Systems - Permits
City of Los Angeles, Department of Building and Safety, Certificates of
Occupancy
Permit No.s: LA76447/60 VN00435/73 VNSOl4O/76
LA76448/60 LA64337/73 VN39348/76
VN92138/66 LA77430/73 VN89736/79
VN98941/66 VN16035/74 VN93597/79
LA72477/68 LA16583/75 VN40476/82
LA72479/68 LA16584/75 LA20231/85
VN87685/72 VN44208/76 VN98937/86
VN83102/72 VN41832/76 VN15222/62
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 Business Tax Registration Certificates
Cert. No.s 435532-82/L/190 Profs/Occupations
435532-82/L/167 Retail Sales
435532-82/L/166 Wholesale Sales
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. IU000068
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 Spray Booth
M09716 Spray Booth
P19724 Bake Oven
D29049 Surface Prep. Tank
Application No.s 327865 Spray Booth/UV Cure
327866 Degreaser
Ocean Systems - Vessel Registrations
U.S. Department of Transportation and U.S. Coast Guard Certificates of
Documentation
Vessel Official Number
------ ---------------
3 Acres 600022
Sonar Queen 511517
Ocean Systems - Vehicle Registrations (License Plate Numbers)
1PXL24l 5A19782 2SDR083
2MRJ696 1FN4696 2S15252
25DR082 3BGKl8O 1J0E389
ELAC - Permit
Approval to release waste water, dated June 25, 1997
Ocean Systems - Export Licenses
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· Enlarge/Download Table
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Country Region License# Date Type Subtype Status Product System ELAC
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Abu Dhabi Middle East T071358 8/16/93 Temporary Hardware Expired AS AQS-18(V) No
------------------------------------------------------------------------------------------------------------------------------------
Algeria N. Africa 454071 6/28/90 Technical Data Unclassified Expired AS AQS-18(V)l No
------------------------------------------------------------------------------------------------------------------------------------
Argentina S. America 707475 7/24/97 Technical Data Unclassified 4 years SSLF LFATS Yes
------------------------------------------------------------------------------------------------------------------------------------
Argentina S. America 612612 8/1/94 Technical Data Unclassified 4 years AS AQS-18(V)IA No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific 696980 4/4/97 Technical Data Unclassified Pending SSLF LFAPS Yes
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific 696980 4/4/97 Technical Data Unclassified 4 years SSLF LFAPS Yes
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific 684669 1/17/97 Technical Data Unclassified 4 years SSLF LFAPS Yes
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific C17445 10/25/95 Technical Data Classified 4 years TA TB-23 No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific 641004 9/20/95 Technical Data Unclassified 4 years SSLF LFATS No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific 622832 1/24/95 Technical Data Unclassified 4 years TA SQR-19 Yes
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific 622537 12/23/94 Technical Data Unclassified 4 years TA TB-23 No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific 579069 11/16/93 Technical Data Unclassified 4 years WPN LCAW No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific T069558 4/12/93 Temporary Hardware Expired ASLF HELRAS No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific T068072 12/23/92 Temporary Hardware Expired ASLF HELRAS No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific T067456 12/7/92 Temporary Hardware Expired ASLF HELRAS No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific 543037 10/22/92 Technical Data Unclassified Expired AS AQS-18(V)1A No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific 405452 5/2/89 Technical Data Unclassified Expired AS AST No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific 350699 10/23/87 Technical Data Unclassified Expired MWF EMD No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific 350699 10/23/87 Technical Data Unclassified Expired MWF LMHS No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific 041582 10/5/77 Technical Data Unclassified Expired AS AQS-13E No
------------------------------------------------------------------------------------------------------------------------------------
Australia Asia/Pacific C04056 10/5/77 Technical Data Unclassified Expired ASLF HELRAS No
------------------------------------------------------------------------------------------------------------------------------------
Bahrain Middle East 659935 3/4/96 Technical Data Unclassified 4 years SSLF LFATS Yes
------------------------------------------------------------------------------------------------------------------------------------
Bahrain Middle East 568039 6/28/93 Technical Data Unclassified Expired MWF EMD No
------------------------------------------------------------------------------------------------------------------------------------
Bahrain Middle East 568039 6/28/93 Technical Data Unclassified Expired MWF LMHS No
------------------------------------------------------------------------------------------------------------------------------------
Belgium Europe 658925 1/23/96 Technical Data Unclassified 4 years SSLF LFATS Yes
------------------------------------------------------------------------------------------------------------------------------------
Belgium Europe 622832 1/24/95 Technical Data Unclassified 4 years TA SQR-19 Yes
------------------------------------------------------------------------------------------------------------------------------------
Belgium Europe 618756 12/16/94 Technical Data Unclassified 4 years TA B-T-P Yes
------------------------------------------------------------------------------------------------------------------------------------
Belgium Europe 568038 6/28/93 Technical Data Unclassified Expired MWF EMD No
------------------------------------------------------------------------------------------------------------------------------------
Belgium Europe 568038 6/28/93 Technical Data Unclassified Expired MWF LMHS No
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· Enlarge/Download Table
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Country Region License# Date Type Subtype Status Product System ELAC
------------------------------------------------------------------------------------------------------------------------------------
Belgium Europe 450681 5/9/90 Technical Data Unclassified Expired WPN LCAW No
------------------------------------------------------------------------------------------------------------------------------------
Brazil S. America 706261 7/24/97 Technical Data Unclassified 4 years SSLF LFATS Yes
------------------------------------------------------------------------------------------------------------------------------------
Brazil S. America -- 7/14/97 Technical Data Unclassified Pending AS AQS-18(V)l Yes
------------------------------------------------------------------------------------------------------------------------------------
Brazil S. America AG 1322-96 2/6/97 TAA DSAM 10 years AS AQS-18(V) No
------------------------------------------------------------------------------------------------------------------------------------
Brazil S. America 647890 9/21/95 Technical Data Unclassified 4 years SSLF LFATS 