Document:

exv10w22

 

Exhibit 10.22

SUBLICENSE AGREEMENT

     This Sublicense Agreement (this “Agreement”) is made by and between Harris Stratex
Networks, Inc., a Delaware corporation (“Sublicensor” or “Harris Stratex”), and Harris Stratex
Networks Operating Corporation, a Delaware corporation (“Sublicensee” or the “Company”). This
Agreement is intended to have economic effect as of January 26, 2007 as set forth in Section 4.11
of this Agreement.

RECITALS

     WHEREAS, in connection with the combination of the Microwave Communications Division of Harris
Corporation, a Delaware corporation (“Harris”), with the Company, Harris, Harris Stratex, the
Company, and Stratex Merger Corp., a Delaware corporation and wholly owned subsidiary of Harris
Stratex, entered into an Amended and Restated Formation, Contribution and Merger Agreement, dated
as of December 18, 2006, as amended by that certain letter agreement, dated January 26, 2007 (as so
amended, the “Formation Agreement”), among the parties thereto, pursuant to which Harris Stratex
was formed to acquire the Company pursuant to the Merger (as defined in the Formation Agreement)
and Harris Stratex received the Contributed Assets (as defined in the Formation Agreement) from
Harris in the Contribution Transaction (as defined in the Formation Agreement), in each case on the
terms and subject to the conditions set forth in the Formation Agreement; and

     WHEREAS, pursuant to the Formation Agreement, Harris and Harris Stratex entered into an
Intellectual Property Agreement (the “Harris IP Agreement”) effective simultaneously with the
filing of the merger certificate provided for in the Formation Agreement with the Delaware
Secretary of State (the “Effective Time”), under which Harris licensed certain intellectual
property and intellectual property rights to Harris Stratex (the “Harris-Licensed IP Rights”); and

     WHEREAS, Sublicensor is a non-exclusive licensee of the Harris-Licensed IP Rights and has the
right to grant certain non-exclusive sublicenses thereunder; and

     WHEREAS, Sublicensee desires to obtain from Sublicensor, and Sublicensor desires to grant to
Sublicensee, certain non-exclusive sublicense rights under the Harris-Licensed IP Rights as
provided in this Agreement.

     NOW, THEREFORE, in consideration of the foregoing and the mutual covenants in this Agreement
the parties agree as follows:

 

 

ARTICLE 1

GENERAL DEFINITIONS

     1.1 Affiliate. The term “Affiliate” shall have the meaning assigned to such term by
Rule 405 under the Securities Act; provided, however, that neither the Company nor any of its
Subsidiaries shall be deemed to be an Affiliate of Harris Stratex or any of its other Subsidiaries,
nor shall Harris Stratex or any of its Subsidiaries be deemed to be an Affiliate of Harris.

     1.2 Subsidiary. The term “Subsidiary” shall have the meaning assigned to such term
by Section 1.1 of the Formation Agreement.

ARTICLE 2

GRANT, ETC.

     2.1 Sublicense Grant. Subject to the terms and conditions of this Agreement,
Sublicensor hereby grants to Sublicensee and its Affiliates a non-exclusive sublicense to use the
Harris-Licensed IP Rights subject to the terms and conditions set forth in the Harris IP Agreement
which are applicable to the Harris-Licensed IP Rights which arise under the laws of the United
States or any political subdivision thereof (the “Harris Stratex-Licensed IP Rights”).

     2.2. Subject to Harris IP Agreement. This Agreement is subject to each and every
term, condition and covenant contained in the Harris IP Agreement. Except as to provisions which
are specifically superseded or modified by this Agreement, each and every definition, term,
condition and covenant contained in the Harris IP Agreement is incorporated by reference into this
Agreement as if fully set forth herein. Sublicensee hereby assumes and agrees to perform each and
every term, condition and covenant relating to the Harris Stratex-Licensed IP Rights which is an
obligation of the licensee under the Harris IP Agreement and Sublicensor shall have each of the
rights and remedies of the licensor under the Harris IP Agreement except as otherwise expressly
provided herein. To the extent there is any conflict between the terms and provisions of the
Harris IP Agreement and this Agreement, the terms and provisions of this Agreement shall control.

ARTICLE 3

TERMINATION

     This Agreement including the sublicense grant contained in Article 2 herein shall continue
until the earlier of (i) the expiration of the Harris IP Agreement or (ii) the Company is no longer
a Subsidiary of Harris Stratex.

ARTICLE 4

GENERAL PROVISIONS

     4.1 Assignment; Binding Effect, Etc. This Agreement shall be binding upon and inure
to the benefit of Sublicensor and Sublicensee and their respective permitted successors

 

 

and permitted assigns. Subject to the following, the rights and sublicense of Sublicensee
under this Agreement are personal to Sublicensee. Any assignment or transfer by Sublicensee of any
of its rights or the sublicense granted under this Agreement shall require the prior written
consent of Sublicensor. Any permitted assignment of this Agreement by either party shall not
relieve or release such party from any of its duties or obligations under this Agreement. Each and
every permitted successor and permitted assign to the interests of either party to this Agreement
shall hold such interests subject to the terms, conditions and provisions of this Agreement.

     4.2 Entire Agreement. This Agreement constitutes the entire agreement between the
parties relating to the subject matter hereof and thereof and any and all prior arrangements,
representations, promises, understandings and conditions in connection with said matters and any
representations, promises or conditions not expressly incorporated herein or therein or expressly
made a part hereof or thereof, except for those terms and conditions contained in the Harris IP
Agreement which are hereby incorporated by reference, shall not be binding upon any party.

     4.3 Governing Law and Venue. THIS AGREEMENT SHALL BE DEEMED TO BE MADE IN AND IN ALL
RESPECTS SHALL BE INTERPRETED, CONSTRUED AND GOVERNED BY AND IN ACCORDANCE WITH THE LAW OF THE
STATE OF DELAWARE WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THEREOF. The parties hereby
irrevocably submit to the jurisdiction of the courts of the State of Delaware and the Federal
courts of the United States of America located in the State of Delaware solely in respect of the
interpretation and enforcement of the provisions of this Agreement and of the documents referred to
in this Agreement, and in respect of the transactions contemplated hereby, and hereby waive, and
agree not to assert, as a defense in any action, suit or proceeding for the interpretation or
enforcement hereof or of any such document, that it is not subject thereto or that such action,
suit or proceeding may not be brought or is not maintainable in said courts or that the venue
thereof may not be appropriate or that this Agreement or any such document may not be enforced in
or by such courts, and the parties hereto irrevocably agree that all claims with respect to such
action or proceeding shall be heard and determined in such a Delaware State or Federal court;
provided, however, that notwithstanding the foregoing each party agrees that any claim which
primarily seeks injunctive relief and related monetary claims that cannot be brought in any such
Delaware State or Federal court for jurisdiction reasons may be commenced, heard and determined in
any other court having proper jurisdiction over such claim. The parties hereby consent to and
grant any such court jurisdiction over the person of such parties and, to the extent permitted by
law, over the subject matter of such dispute and agree that mailing of process or other papers in
connection with any such action or proceeding in the manner provided in the Formation Agreement or
in such other manner as may be permitted by law shall be valid and sufficient service thereof.

     4.4 Severability. If any provision of this Agreement shall be held to be illegal,
invalid or unenforceable, that provision will be enforced to the maximum extent permissible so as
to effect the intent of the parties, and the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby. If necessary to effect the intent
of the parties, the parties will negotiate in good faith to amend this Agreement to replace the
unenforceable language with enforceable language which as closely as possible reflects such intent.

 

 

     4.5 Headings. The headings in this Agreement are included for convenience of
reference only and shall not in any way limit or otherwise affect the meaning or interpretation of
this Agreement.

     4.6 Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed to be an original, but all of which, taken together, shall constitute one
and the same instrument.

     4.7 License Notice Matters. Sublicensee may, from time to time, prepare, file and/or
record at its expense such notices and other documents (such as memoranda of non-exclusive
sublicense) with such state, federal and/or foreign governmental offices and agencies as
Sublicensee reasonably deems necessary or appropriate to place third persons on actual or
constructive notice of this Agreement and the sublicense, transactions and matters contemplated
herein and, upon the request of Sublicensee, Sublicensor agrees to (i) promptly subscribe to,
acknowledge, execute and deliver to Sublicensee such notices and other documents for such filings
and recordations, and (ii) take such other actions as Sublicensee may reasonably request in order
to permit, accommodate and facilitate such filings and recordations. Accordingly, Sublicensor
hereby appoints Sublicensee as its irrevocable attorney in fact, with an interest, to subscribe to,
execute, acknowledge, file and record such notices and other documents in Sublicensor’s name and as
its act and deed in all such state, federal and/or foreign governmental offices and agencies. With
respect to all parts of the Sublicensed Trade Secrets (as defined in the Harris IP Agreement) and
any other confidential information that the Sublicensee’s personnel may unavoidably receive or have
access to during the performance of this Agreement, this Section remains subject to the terms,
conditions and covenants contained in Section 9.02 of the Harris IP Agreement.

     4.8 Force Majeure. Neither party hereto shall be liable in any matter for failure or
delay of performance of all or part of this Agreement (other than payment obligations), directly or
indirectly, owing to any acts of God; acts, orders, restrictions or interventions of any civil,
military or government authority; wars (declared or undeclared); hostilities; invasions;
revolutions; rebellions; insurrections; terrorist acts; sabotages; embargoes; epidemics; strikes or
other labor disturbances; civil disturbances; riots; fires; floods; storms; explosions;
earthquakes; nuclear accidents; power or other utility failures; disruptions or other failures in
internet and/or other telecommunication lines, networks and backbones; delay in transportation;
loss or destruction of property; changes in Laws, or any other causes or circumstances, in each
case to the extent beyond the reasonable control of such party (each, a “Force Majeure
Event”). Upon the occurrence of a Force Majeure Event, the party whose performance is
prevented or delayed shall provide written notice to the other party, and the parties shall
promptly confer, in good faith, on what action may be taken to minimize the impact, on both
parties, of such Force Majeure Event.

     4.9 Further Actions. Each party hereto agrees to execute, acknowledge and deliver
such further instruments, and to do all such other acts, as may be necessary or appropriate in
order to carry out the purposes and intent of this Agreement.

     4.10 Performance by Affiliates. To the extent that any term or provision of this
Agreement contemplates, permits or requires performance by any Affiliate of a party, such party

 

 

shall cause such Affiliate to perform each and every obligation of such party under this
Agreement in accordance with the terms and conditions hereof.

     4.11 Economic Effect. Notwithstanding any other provision in this Agreement, the
parties agree that their respective rights and obligations under this Agreement shall have economic
effect immediately after the Effective Time.

 

 

     IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement.

	 	 	 	 	 
	SUBLICENSOR:	 	 
	 
	 	 	 	 
	HARRIS STRATEX NETWORKS, INC.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Guy M. Campbell	 	 
	Title:

	 	 

Guy M. Campbell
	 	 
	Date:

	 	June 13, 2007	 	 
	 
	 	 	 	 
	SUBLICENSEE:	 	 
	 
	 	 	 	 
	HARRIS STRATEX NETWORKS OPERATING CORPORATION	 	 
	 
	 	 	 	 
	By:

	 	/s/ Sarah A. Dudash	 	 
	 

	 	 	 	 
	Title:

	 	Sarah A. Dudash	 	 
	Date:

	 	June 11, 2007exv10w23

 

Exhibit 10.23

***Confidential Treatment Requested

Harris Stratex Networks, Inc. — 2008 Annual Incentive Plan

	 	 	 
	Provision

	 	Details
	 
	 	 
	Performance Targets

	 	 •    Performance measures include revenue and operating income (non-GAAP)
with measures weighted 60% and 40%, respectively. Threshold targets and
payout slopes are shown in the table below.

	 
	 	 
	Payout Range

	 	•    Threshold targets and payout slopes are shown in the table below:

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Bonus	 	Plan
	 	 	 	 	Performance	 	(as % of Target	 	Target
	 	 	 	 	(as % of Target)	 	Bonus)	 	($Millions)
	Revenue

(60%)

	 	Threshold

Target

Maximum
	 	  90%

100%

120%

	 	  50%

100%

200%

	 	[***]

[***]

[***]

	 
	 	 	 	 	 	 	 	 
	Operating Income

(non-GAAP)

(40%)

	 	Threshold

Target

Maximum
	 	  80%

100%

125%

	 	  50%

100%

200%

	 	[***]

[***]

[***]

	 	 	 
	 

	 	     •    CEO to have +/- 20% discretion based on individual performance
against objectives
	 
	 	 
	 

	 	     •    Operating Income (non-GAAP) payout subject to achieving minimum cash
flow of $[***] Million
	 
	 	 
	Award

	 	     •    Award to be made in cash
	 
	 	 
	 Payout

	 	     •    At 100%, total payout under the plan would be $4.4 Million

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