Document:

EX-10.5

 Exhibit 10.5 

Execution Version 

TRANSITION SERVICES AGREEMENT 

This TRANSITION SERVICES AGREEMENT (this “Agreement”) is made as of February 27, 2018 by and between COGINT, INC., a
Delaware corporation (“Parent”) and RED VIOLET, INC., a Delaware corporation (“Company”). 

WHEREAS, Parent and Company have entered into a Separation and Distribution Agreement (the “Separation Agreement”)
which contemplates (i) the separation of the Company (the “Separation”) and (ii) the distribution to Parent’s stockholders of all of the outstanding shares of the Company’s common stock (the
“Distribution”); and 
 WHEREAS, in order to ensure an orderly transition under the Separation Agreement it will be
necessary for Parent to provide to Company, and for Company to provide to Parent, the services described herein during the term of this Agreement. 

NOW, THEREFORE, in consideration of the above premises and the mutual covenants contained herein, it is agreed by and between the
parties as follows: 
 ARTICLE I 

FEES AND TERM 

1.1    Company Price/Payment. As consideration for the services to be provided to Company by Parent pursuant to
Section 2.1 of this Agreement, Company shall pay to Parent a fee (the “Company Services Fee”) in accordance with Schedule 2.1. The Company Services Fee shall be payable by Company to Parent in arrears 15 days after the
close of each month (prorated for any partial month) during the term of this Agreement. Any services provided by Parent to Company beyond the services covered by the Company Services Fee shall be billed to Company at negotiated rates, no less
favorable to the Company than if Company had received the uncovered service from a third party, or on such other basis as the parties may agree from time to time. The Company Services Fee shall be reviewed and reduced from time to time in accordance
with Section 2.3. 
 1.2    Parent Price/Payment. As consideration for the services to be provided to Parent
by Company pursuant to Section 3.1 of this Agreement, Parent shall pay to Company a fee (the “Parent Services Fee”) in accordance with Schedule 3.1. The Parent Services Fee shall be payable by Parent to Company in
arrears 15 days after the close of each month (prorated for any partial month) during the term of this Agreement. Any services provided by Company to Parent beyond the services covered by the Parent Services Fee shall be billed to Parent at
negotiated rates, no less favorable to the Parent than if Parent had received the uncovered service from a third party, or on such other basis as the parties may agree from time to time. The Parent Services Fee shall be reviewed and reduced from
time to time in accordance with Section 3.3. 
 1.3    Term. The term of this Agreement (the
“Term”) shall commence on the date hereof and shall expire one year after the effective date of the Distribution (the “Distribution Date”); provided, however, that either party shall have the right to
terminate any or all of the services such party is to receive hereunder and cease paying the services fee associated with the terminated services which such party would otherwise be required to pay therefor upon 30 days written notice to the other
party, and provided, further, that at the end of the one-year term, if the parties have not terminated the agreement earlier, either party may renew or extend the term of the agreement with
respect to the provision of any services for which that party has not previously terminated the other party’s provision or support thereof, however, neither party shall have any obligation to renew or extend the term of this agreement with
respect to any services at the services fees established in the initial term of this agreement. 
 1.4    Additional
Services. At any time during the Term, if either party identifies any service that is needed to assure a smooth and orderly transition of the businesses and operations in connection with the Separation and

 
the Distribution, and that is not otherwise governed by the provisions of this Agreement, the Separation Agreement or any other agreement between the parties, then the parties shall cooperate in
determining whether there is a mutually acceptable arm’s-length basis on which one of the parties will provide such service to the other party in exchange for a fee. 

ARTICLE II 
 SERVICES TO
BE PROVIDED BY PARENT TO COMPANY 
 2.1    Services. Parent agrees to provide the services set forth on
Schedule 2.1 (subject to such modification or adjustment as may be mutually agreed upon by the parties) to Company during the Term. 

2.2    Details of Performance. Reasonable details of Parent’s performance of services hereunder may be
specified in one or more memoranda signed by the parties and such memoranda shall be deemed incorporated in this Agreement by reference as if recited herein in their entirety. 

2.3    Phase Out of Services; Reduction of Company Services Fee. The parties hereby acknowledge that Company will
promptly take all steps to internalize the services to be provided herein by acquiring its own staff or outsourcing to third parties. The parties agree to periodically review the level of services being utilized by Company, and from time to time to
reduce the Company Services Fee proportionately to account for reductions in the level of services being provided hereunder. 
 ARTICLE
III 
 SERVICES TO BE PROVIDED BY COMPANY TO PARENT 

3.1    Services. Company agrees to provide the services set forth on Schedule 3.1 (subject to such
modification or adjustment as may be mutually agreed upon by the parties) to Parent during the Term. 

3.2    Details of Performance. Reasonable details of Company’s performance of services hereunder may be
specified in one or more memoranda signed by the parties and such memoranda shall be deemed incorporated in this Agreement by reference as if recited herein in their entirety. 

3.3    Phase Out of Services; Reduction of Parent Services Fees. The parties hereby acknowledge that Parent will
promptly take all steps to internalize the services to be provided herein by acquiring its own staff or outsourcing to third parties. The parties agree to periodically review the level of services being utilized by Parent, and from time to time to
reduce the Parent Services Fee proportionately to account for reductions in the level of services being provided hereunder. 
 ARTICLE IV

 MISCELLANEOUS 

4.1    Confidentiality. Neither party hereto shall use or disclose to any other person at any time, any
confidential or proprietary information or trade secrets of the other party, including, without limitation, its customer lists, programs, pricing and strategies except to those of its employees and those other persons who need to know such
information to fulfill such party’s obligations hereunder, provided that such party shall require that such other persons agree to keep confidential such confidential or proprietary information or trade secrets. Both parties shall provide to
the other party semi-annually upon such other party’s written request, a list of all employees whose duties have required access to confidential or proprietary information or trade secrets, and any other employees or other persons who to the
actual knowledge of that party’s officers have had access to such information during the preceding six (6) month period, in each case, designating whether such persons are in the 

  
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employ of such party as of the date such list is provided. Both parties agree that all drawings, specifications, data, memoranda, calculations, notes and other materials, including, without
limitation, any materials containing confidential or proprietary information or trade secrets of the other party, furnished in connection with this Agreement and any copies thereof are and shall remain the sole and exclusive property of that other
party and shall be delivered to that party upon its request. 
 4.2    No Agency. Both parties shall perform
their respective services under this Agreement as an independent contractor. Each party acknowledges and agrees that it is not granted any express or implied authority to assume or create any obligation or responsibility on behalf of the other
party, or to bind the other party with regard to third parties in any manner. 
 4.3    Notices. Any notices
required or permitted to be provided pursuant to this Agreement shall be provided in writing via e-mail, certified mail, hand-delivery, telecopier with confirmation or normal mail service, addressed to the
recipient party at its e-mail or standard mailing address set forth on the signature page. 

4.4    Force Majeure. In the event that either party is prevented from performing, or is unable to perform, any of
its obligations under this Agreement due to any act of God, fire, casualty, flood, war, strike, lock out, failure of public utilities, injunction or any act, exercise, assertion or requirement of governmental authority, epidemic, destruction of
production facilities, insurrection, inability to procure materials, labor, equipment, transportation or energy sufficient to meet manufacturing needs, or any other cause beyond the reasonable control of the party invoking this provision, and if
such party shall have used its best efforts to avoid such occurrence and minimize its duration and has given prompt written notice to the other party, then the affected party’s performance for the period of delay or inability to perform due to
such occurrence shall be suspended. Should either party fail to perform hereunder and shall have provided proper notice to the other party that it is unable to perform on account of one or more reasons set forth in this section, such party may
obtain replacement services from a third party for the duration of such delay or inability to perform, or for such longer period as such party shall be reasonably required to commit to in order to obtain such replacement services and the services
fee payable by such party shall be reduced accordingly. 
 ARTICLE V 

GENERAL PROVISIONS 

5.1    Entire Agreement. Except as contemplated in Sections 2.3 and 3.3, this Agreement embodies the entire
agreement and understanding of the parties hereto with respect to the subject matter hereof, and supersedes all prior agreements and understandings relative to said subject matter. 

5.2    Binding Effect. This Agreement shall be binding upon, and shall inure to the benefit of Parent, Company and
their respective successors and assigns. 
 5.3    Assignment. Neither this Agreement nor any rights or
obligations hereunder shall be assignable by either party without the prior written consent of the other party hereto, which consent shall not be unreasonably withheld. 

5.4    Governing Law. This Agreement shall be governed by and construed in accordance with the law of the State of
Delaware applicable to contracts to be performed entirely in that State. 
 5.5    Counterparts. This Agreement
may be executed in any number of counterparts, each of which shall be an original but all of which together shall constitute one and the same instrument. 

5.6    Headings. The headings contained in this Agreement are for reference purposes only and shall not affect the
meaning or interpretation of this Agreement. 
 (Signatures Appear On Next Page) 

  
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 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the date first
above written. 
  

			
	PARENT:
	
	COGINT, INC.
		
	By:	 	 /s/ Derek Dubner

	 Name:
  
	 	 Derek Dubner

	 Title:
  
	 	 Chief Executive Officer

 

			
	Address:	 	2650 North Military Trail, Suite 300
		 	Boca Raton, FL 33431
		 	Attn: Chief Executive Officer

  

			
	COMPANY:
	
	RED VIOLET, INC.
		
	By:	 	 /s/ Derek Dubner

	 Name:
  
	 	 Derek Dubner

	 Title:
  
	 	 Chief Executive Officer

 

			
	Address:	 	2650 North Military Trail, Suite 300
		 	Boca Raton, FL 33431
		 	Attn: Chief Executive Officer

  
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 Schedule 2.1 

Parent Services 
 To be mutually agreed
upon by Parent and the Company prior to the Spin-Off. At such time, this Schedule may be amended by the parties. 

  
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 Schedule 3.1 

Company Services 
  

			
	 Service
	  	Pricing
		
	 1.  Continued consolidation of financial statements for SEC reporting including
technical and GAAP related guidance
	  	To be mutually agreed upon by Parent and the
Company prior to the Spin-Off.
		
	 2.  Filing of quarterly and annual financial related SEC reports (e.g., 10-Q, 10-K, etc) including management of RR Donnelly XBRL reporting software
	  	To be mutually agreed upon by Parent and the
Company prior to the Spin-Off.
		
	 3.  Review and assist with any non-recurring
SEC reporting (e.g., registration statements, 8-Ks, etc)
	  	To be mutually agreed upon by Parent and the
Company prior to the Spin-Off.
		
	 4.  Management of equity based compensation portal
	  	To be mutually agreed upon by Parent and the
Company prior to the Spin-Off.
		
	 5.  Management, coordination and guidance regarding SOX, ITGC and other public company
related internal control and audit functions (including, but not limited to, monthly audit/entity level control reviews, system backup reviews, user access reviews, and learning/compliance portal)
	  	To be mutually agreed upon by Parent and the
Company prior to the Spin-Off.
		
	 6.  Use of approximately 500 square feet of dedicated office space, including common
area, internet and phone access
	  	To be mutually agreed upon by Parent and the
 Company prior to the Spin-Off. 

 Upon agreement of the parties with respect to pricing, this schedule shall be amended by the Company and
Parent. 

  
 6Exhibit

Exhibit 4.1
THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.
HARRIS CORPORATION
FLOATING RATE NOTES DUE FEBRUARY 2019
Registered No. R-1    CUSIP:  413875 AV7
Issue Date:  February 27, 2018    ISIN:  US413875AV75
$300,000,000

HARRIS CORPORATION, a corporation duly organized and existing under the laws of the State of Delaware, promises to pay to Cede & Co. or registered assigns, the principal amount of THREE HUNDRED MILLION DOLLARS ($300,000,000) on February 27, 2019.
This Security shall bear interest at a floating rate described on the reverse hereof.

	
		
	Interest Payment Dates:
	May 27, 2018, August 27, 2018, November 27, 2018 and February 27, 2019

	Record Dates:
	The close of business on the 15th calendar day, whether or not a Business Day, immediately preceding the applicable Interest Payment Date

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the Trustee’s Certificate of Authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.
Dated:  February 27, 2018    HARRIS CORPORATION
By: /s/ Rahul Ghai        
Name: Rahul Ghai
Title:   Senior Vice President and 
            Chief Financial Officer
TRUSTEE’S CERTIFICATE OF AUTHENTICATION
This is one of the Securities of the series designated herein and referred to in the within-mentioned Indenture.
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

By:__________________________________            Authorized Signatory
Dated:  February 27, 2018

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REVERSE OF SECURITY
     FLOATING RATE NOTES DUE FEBRUARY 2019
1.Interest.
This Security shall bear interest at a floating rate of interest, reset quarterly, from the date of original issuance or from the most recent Interest Payment Date (as defined below) to which interest has been paid or provided for until maturity.  
Harris Corporation (the “Company”) will pay interest quarterly in arrears on May 27, 2018, August 27, 2018, November 27, 2018 and February 27, 2019 (each, an “Interest Payment Date”), or if any such Interest Payment Date is not a Business Day, then on the next succeeding Business Day. The per annum interest rate for the period from the issue date to but not including the first Interest Payment Date will be equal to LIBOR on February 23, 2018, plus 47.5 basis points (the “Initial Interest Rate”). Following the initial Interest Period, the per annum interest rate on this Security for each subsequent Interest Period will be equal to LIBOR as determined on the related LIBOR Determination Date (as defined below), plus 47.5 basis points. The interest rate applicable to any day in a given Interest Period shall be either (i) the Initial Interest Rate or (ii) the interest rate as effective on the Interest Payment Date (as determined on the applicable LIBOR Determination Date) of such Interest Period. Interest on this Security shall accrue from the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from February 27, 2018; provided that if there is no existing Default in the payment of interest, and if this Security is authenticated between a record date referred to on the face hereof (each, a “Record Date”) and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided, further, that the first Interest Payment Date shall be on the next succeeding Business Day following May 27, 2018. The Company shall pay interest on overdue principal and premium (if any) from time to time at a rate equal to the interest rate then in effect and shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time at the same rate to the extent lawful.  The amount of interest for each day that this Security is outstanding (the “Daily Interest Amount”) shall be calculated by dividing the interest rate in effect for such day by 360 and multiplying the result by the principal amount of this Security outstanding on such day. The amount of interest to be paid on this Security for each Interest Period shall be calculated by adding such Daily Interest Amounts for each day in such Interest Period.  
If any Interest Payment Date, other than the maturity date of this Security, falls on a day that is not a Business Day, the Interest Payment Date will be postponed to the next succeeding Business Day. If the maturity date of this Security falls on a day that is not a Business Day, the payment of interest and principal shall be made on the next succeeding Business Day, and no interest on such payment shall accrue for the period from and after the maturity date. If any such Interest Payment Date (other than the maturity date) is postponed as described above, the amount of interest for the relevant Interest Period shall be adjusted accordingly.
Set forth below is a summary of certain of the defined terms used for purposes of determining the interest rate payable on this Security.

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“Business Day” means any day, other than a Saturday or Sunday, that is not a day on which banking institutions in any of the city of New York, New York, Melbourne, Florida or a place of payment are authorized or required by law or executive order to close.  

“Interest Period” means the period from, and including, an Interest Payment Date to, but excluding, the next succeeding Interest Payment Date, except for the initial Interest Period, which will be the period from, and including, February 27, 2018 to, but excluding, the Interest Payment Date occurring on the next succeeding Business Day following May 27, 2018.

“LIBOR” means, with respect to an Interest Period, the rate (expressed as a percentage per annum) for deposits in U.S. dollars for a three-month period beginning on the second London Banking Day after the applicable LIBOR Determination Date that appears on Reuters Page LIBOR01 (or the Bloomberg equivalent) as of 11:00 a.m., London time, on such LIBOR Determination Date. If Reuters Page LIBOR01 (or the Bloomberg equivalent) does not include such a rate or is unavailable on a LIBOR Determination Date, the Company will request the principal London office of each of four major banks in the London interbank market, as selected by the Company, to provide such bank’s offered quotation (expressed as a percentage per annum), as of approximately 11:00 a.m., London time, on such LIBOR Determination Date, to prime banks in the London interbank market for deposits in a Representative Amount of U.S. dollars for a three-month period beginning on the second London Banking Day after such LIBOR Determination Date. If at least two such offered quotations are so provided, the LIBOR rate for the Interest Period will be the arithmetic mean of such quotations. If fewer than two such quotations are so provided, the Company will request each of three major banks in New York City, as selected by the Company, to provide such bank’s rate (expressed as a percentage per annum), as of approximately 11:00 a.m., New York City time, on such LIBOR Determination Date, for loans in a Representative Amount in U.S. dollars to leading European banks for a three-month period beginning on the second London Banking Day after such LIBOR Determination Date. If at least two such rates are so provided, the LIBOR rate for the Interest Period will be the arithmetic mean of such rates. If fewer than two such rates are so provided, then the LIBOR rate for the Interest Period will be the rate in effect with respect to the immediately preceding Interest Period.

“LIBOR Determination Date” means, with respect to an Interest Period, the London Banking Day that is two London Banking Days prior to the first day of such Interest Period.

“London Banking Day” is any day on which dealings in U.S. dollars are transacted or, with respect to any future date, are expected to be transacted in the London interbank market.

“Representative Amount” means a principal amount of not less than $1,000,000 for a single transaction in the relevant market at the relevant time. 

“Reuters Page LIBOR01” means the display so designated on the Reuters 3000 Xtra (or the Bloomberg equivalent or such other page as may replace the LIBOR01 page on that service, or such other service as may be nominated by the ICE Benchmark Administration Limited, or ICE, or its successor, or such other entity assuming the responsibility of ICE or its successor in 

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the event ICE or its successor no longer does so, as the successor service, for the purpose of displaying London interbank offered rates for U.S. dollar deposits).

If the principal amount of this Security, plus accrued and unpaid interest, or any portion thereof, is not paid when due (whether upon acceleration pursuant to Section 7.01 of the Indenture or at maturity of this Security), then, in each such case, the overdue amount shall, to the extent permitted by law, bear interest at the rate borne by this Security, reset quarterly in accordance with the terms of this Security, compounded quarterly, which interest shall accrue from the date such overdue amount was originally due to the date of payment of such amount, including interest thereon, has been made or duly provided for.  All such interest shall be payable on demand and shall be computed on the basis of a 360-day year comprised of twelve 30-day months.
Interest will be paid:  (i) so long as this Security is in the form of a Global Security, to the Depositary in immediately available funds; or (ii) if this Security is in the form of a definitive Security, (a) on the definitive Securities having an aggregate principal amount of $10,000,000 or less, by check mailed to the Holders of such Securities, and (b) on the definitive Securities having an aggregate principal amount of more than $10,000,000, by wire transfer in immediately available funds at the written election of the Holders of these Securities; provided that the paying agent shall have received appropriate wire transfer instructions at least ten calendar days prior to the applicable Interest Payment Date.  
2.    Method of Payment.
The Company shall pay interest on this Security (except defaulted interest) to the Persons who are registered Holders of the Securities (as defined below) at the close of business on the Record Date next preceding the Interest Payment Date, even if such Securities are cancelled after such Record Date and on or before such Interest Payment Date.  The Holder must surrender this Security to a paying agent to collect principal payments.  Subject to the terms and conditions of the Indenture, the Company will make payments in cash at maturity to Holders who surrender Securities to the paying agent to collect such payments in respect of such Securities.  The Company will pay cash amounts in money of the United States that at the time of payment is legal tender for payment of public and private debts.  However, the Company may make such cash payments by wire transfer of immediately available funds or check payable in such money.
3.    Paying Agent, Calculation Agent and Security Registrar.
Initially, the Trustee (as defined in Section 4 below) will act as paying agent, calculation agent and Security Registrar.  The Company may appoint and change any paying agent, calculation agent or Security Registrar without notice, other than notice to the Trustee; provided, however, that the Company will maintain at least one paying agent in the State of New York, City of New York, Borough of Manhattan, which shall initially be an office or agency of the Trustee.  The Company or any of its Subsidiaries or any of their affiliates may act as paying agent, calculation agent or Security Registrar.

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4.    Series.
This Security is one of a duly authorized issue of Floating Rate Notes due February 2019 (the “Securities”) of the Company, issued or to be issued in one or more series under an indenture dated as of September 3, 2003 (the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as successor to The Bank of New York, as trustee (the “Trustee,” which term includes any successor Trustee under the Indenture).  All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.  Pursuant to Section 2.03 of the Indenture, this series of Securities is issued under an officers’ certificate of the Company dated February 27, 2018 (the “Officers’ Certificate”) to establish the terms of the Securities, setting forth such terms, to which Indenture and Officers’ Certificate reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered.  This Security is one of the series designated on the face hereof.  
The initial Securities of this series issued on February 27, 2018 (and any Securities of such series issued in exchange therefor) and any additional Securities of such series issued upon a further reopening of the Securities in accordance with the Indenture (and any Securities of such series issued in exchange therefor) will be treated as a single class for all purposes under the Indenture.
The Securities are unlimited in aggregate principal amount.  
5.    No Optional Redemption; No Sinking Fund.  The Securities will not be redeemable at the option of the Company prior to maturity. No sinking fund is provided for the Securities.  
6.    Change of Control.
If a Change of Control Repurchase Event (as defined below) occurs, the Company will make an offer to each Holder of Securities to repurchase all or any part (in a principal amount of $2,000 or an integral multiple of $1,000 above that amount) of that Holder’s Securities at a repurchase price in cash equal to 101% of the aggregate principal amount of Securities repurchased plus any accrued and unpaid interest on the Securities being repurchased to, but not including, the date of repurchase. Within 30 days following any Change of Control Repurchase Event or, at the Company’s option, prior to any Change of Control (as defined below), but after the public announcement of an impending Change of Control, the Company will mail a notice to each Holder of Securities, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase Securities on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed. The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to repurchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. 

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The Company will comply with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder, to the extent those laws and regulations are applicable in connection with the repurchase of the Securities as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Securities, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Securities by virtue of such conflict. 
On the Change of Control Repurchase Event payment date, the Company will, to the extent lawful: 
(1)   accept for payment all Securities or portions of Securities (in a principal amount of $2,000 or an integral multiple of $1,000 above that amount) properly tendered pursuant to the Company’s offer; 
(2)   deposit with the paying agent an amount equal to the aggregate purchase price in respect of all Securities or portions of Securities properly tendered; and 
(3)   deliver or cause to be delivered to the Trustee the Securities properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Securities being repurchased by the Company.
The paying agent will promptly deliver or arrange for delivery to each Holder of Securities properly tendered the repurchase price for such Holder’s Securities being repurchased, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Security equal in principal amount to any unpurchased portion of any Securities surrendered; provided, that each new Security will be in a principal amount of $2,000 or an integral multiple of $1,000 above that amount. 
The Company will not be required to make an offer to repurchase the Securities upon a Change of Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Securities properly tendered and not withdrawn under its offer. Notwithstanding anything to the contrary herein, an offer to repurchase the Securities upon a Change of Control Repurchase Event may be made in advance of such Change of Control Repurchase Event, conditional upon such Change of Control, if a definitive agreement is in place for the Change of Control at the time of making the offer.
 “Below Investment Grade Rating Event” means the rating for the Securities are lowered to below Investment Grade by both Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which period shall be extended so long as the rating of the Securities is under publicly announced consideration for possible downgrade by either of the Rating Agencies as a result of such Change of Control); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular 

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reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Repurchase Event hereunder) if any of the Rating Agencies making the reduction in rating to which this definition would otherwise apply does not announce or publicly confirm or inform the Trustee in writing at the Company’s request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event). 
“Change of Control” means the occurrence of any of the following: 
(1)     the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the Company’s properties or assets and those of the Company’s Subsidiaries taken as a whole to any “person” or “group” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the Company or one of its Subsidiaries; 
(2)     the adoption by the holders of the Company’s Voting Stock of a plan relating to the Company’s liquidation or dissolution; 
(3)     the first day during any period of 24 consecutive months on which a majority of the members of the Company’s Board of Directors are not Continuing Directors; or 
(4)     the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation) the result of which is that any “person” or “group” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the Company or one of its wholly-owned Subsidiaries, becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s Voting Stock, measured by voting power rather than number of shares; provided that a merger shall not constitute a “change of control” under this definition if:  (i) the sole purpose of the merger is the Company’s reincorporation in another state, and (ii) the Company’s shareholders and the number of shares of the Company’s Voting Stock, measured by voting power and number of shares, owned by each of them immediately before and immediately following such merger are identical.
“Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. 
“Continuing Director” means, as of any date of determination, any member of the Company’s Board of Directors:  (i) who was a member of such Board of Directors on the date of the issuance of the Securities; (ii) who was nominated for election or elected to such Board of Directors with the approval of the individuals referred to in clause (i) above constituting at the time of such nomination or election at least a majority of the Board of Directors (either by a specific vote or by approval of the Company’s proxy statement in which such member was named as a nominee recommended by the Continuing Directors for election as a director); or (iii) whose nomination or election was approved by individuals referred to in clauses (i) and (ii) 

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above constituting at the time of such nomination or election at least a majority of the Board of Directors. 
“Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company. 
“Moody’s” means Moody’s Investors Service, Inc., and its successors.
“Rating Agency” means (1) each of Moody’s and S&P; and (2) if either of Moody’s or S&P ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” as defined in Section 3(a)(62) of the Exchange Act selected by the Company as a replacement agency for Moody’s or S&P, as the case may be. 
“S&P” means S&P Global Ratings, a division of S&P Global Inc., and its successors. 
“Voting Stock” means, with respect to any person, capital stock of any class or kind the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such person, even if the right so to vote has been suspended by the happening of such a contingency.
7.    Denominations; Transfer; Exchange.
The Securities are in fully registered form, without coupons, in minimum denominations of $2,000 of principal amount and integral multiples of $1,000 above that amount.  A Holder may transfer or exchange the Securities in accordance with the Indenture.  The Security Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture.  
8.    Persons Deemed Owners.
The registered Holder of this Security may be treated as the owner of this Security for all purposes subject to the record date provisions hereof. 
9.    Unclaimed Money or Securities.
The Trustee and the paying agent shall return to the Company any money held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years, subject to applicable unclaimed property law.  After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person.

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10.    Amendment; Waiver.
The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of the outstanding Securities to be affected.  The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of any series at the time outstanding, on behalf of the Holders of all the Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences.  Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration or transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.
11.    Obligations Absolute.
No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the place, at the respective times, at the rate and in the coin or currency herein prescribed.
12.    Trustee Dealings with the Company.
Subject to certain limitations imposed by the Trust Indenture Act of 1939, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with the Company or its affiliates with the same rights it would have if it were not Trustee.
13.    Book-Entry Provisions for Global Securities.  
This Security is in the form of a Global Security as provided in the Indenture.  The Global Security for this series initially shall:  (i) be registered in the name of the Depositary, who shall be The Depository Trust Company or as otherwise identified in or pursuant to the Officers’ Certificate authorizing the issuance of this series of Securities or the nominee of such Depositary, (ii) be delivered to the Trustee as custodian for such Depositary and (iii) bear any required legends.
Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under the Indenture with respect to this Global Security held on their behalf by the Depositary, or the Trustee as its custodian, or under this Global Security, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of this Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or 

9

impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of this Security.
Transfers of this Global Security shall be limited to transfers in whole, but not in part, to the Depositary, its successors or their respective nominees. Interests of beneficial owners in this Global Security may be transferred or exchanged for definitive Securities in accordance with the rules and procedures of the Depositary. Definitive Securities shall be transferred to all beneficial owners in exchange for their beneficial interests in this Global Security only if:  (i) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for this Global Security, or the Depositary has ceased to be a “clearing agency” registered under the Exchange Act, and a successor depositary is not appointed by the Company within 90 days of such notice, (ii) the Company in its sole discretion and subject to the Depositary’s procedures elects not to have the Securities represented by a Global Security and to cause the issuance of definitive Securities or (iii) an Event of Default has occurred and is continuing.
In connection with any transfer or exchange of a portion of the beneficial interest in this Global Security to beneficial owners pursuant to the immediately preceding paragraph, the Security Registrar shall (if one or more definitive Securities are to be issued) reflect on the Security Register the date and a decrease in the principal amount of this Global Security in an amount equal to the principal amount of the beneficial interest in this Global Security to be transferred, and the Company shall execute, and the Trustee shall authenticate and deliver, one or more definitive Securities of like tenor and amount.  In connection with the transfer of this entire Global Security to beneficial owners pursuant to the immediately preceding paragraph, this Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the Trustee shall authenticate and deliver, to each beneficial owner identified by the Depositary in exchange for its beneficial interest in this Global Security, an equal aggregate principal amount of definitive Securities of authorized denominations.
The Holder of this Global Security may grant proxies and otherwise authorize any person, including Agent Members and persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under the Indenture or the Securities.
14.    Restrictive Covenants.
The Indenture imposes certain limitations on the ability of the Company to consolidate or merge with or into any other person, or sell or transfer all or substantially all of its property and assets to any other person, and on the ability of the Company and its Restricted Subsidiaries to:  (i) create, incur, assume or suffer to exist specified liens; and (ii) enter into sale and leaseback transactions.  On or before the first day of October in each year, the Company must report to the Trustee on compliance with such limitations.
15.    No Recourse Against Others.
A director, officer, employee, or stockholder, as such, of the Company or the Trustee shall not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation.  By 

10

accepting a Security, each Holder waives and releases all such liability.  The waiver and release are part of the consideration for the issue of the Securities. 
16.    Authentication.
This Security shall not be valid until an authorized signatory of the Trustee manually signs the Trustee’s Certificate of Authentication on the other side of this Security.  
17.    Abbreviations.
Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with right of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gifts to Minors Act).
18.    Defeasance.
The Indenture contains provisions for defeasance at any time of:  (i) the entire indebtedness of the Company on this Security, and (ii) certain restrictive covenants and the related Events of Default, upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Security.  These provisions shall not apply to Section 6 above after a Change of Control Repurchase Event occurs.
19.    GOVERNING LAW.
THE INDENTURE AND THIS SECURITY WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD AS TO CONFLICT OF LAW PRINCIPLES.
*        *        *
The Company will furnish to any Holder upon written request and without charge a copy of the Indenture which has in it the text of this Security in larger type.  Requests may be made to: 
Harris Corporation 
1025 West NASA Boulevard 
Melbourne, FL 32919 
Attn: Treasurer

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ASSIGNMENT FORM
To assign this Security, fill in the form below:
(I) or (we) assign and transfer this Security to
---------------------------------------------------------------------------------------------------------------------
(Insert assignee’s social security or tax I.D. no.)
---------------------------------------------------------------------------------------------------------------------
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(Print or type assignee’s name, address and zip code)
and irrevocably appoint ____________________________________ agent to transfer this Security on the books of the Company.  The agent may substitute another to act for him.
Your Signature: ________________________________________________
(Sign exactly as your name appears on the other side of this Security)
Date: __________________________
Medallion Signature Guarantee: _________________________________

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