Document:

Exhibit

Exhibit 10.2
SECOND AMENDMENT TO AMENDED AND RESTATED  
LOAN, SECURITY AND GUARANTY AGREEMENT
THIS SECOND AMENDMENT TO AMENDED AND RESTATED LOAN, SECURITY AND GUARANTY AGREEMENT (this “Second Amendment”) is dated as of March 14, 2018, among HYSTER-YALE MATERIALS HANDLING, INC., a Delaware corporation (“Parent”), HYSTER-YALE GROUP, INC., a Delaware corporation (“HYG”, and together with Parent, the “U.S. Borrowers”), HYSTER-YALE NEDERLAND B.V., a private company with limited liability incorporated under the laws of the Netherlands having its corporate seat in Nijmegen (“HYN BV”), HYSTER-YALE INTERNATIONAL B.V., a private company with limited liability incorporated under the laws of the Netherlands having its corporate seat in Nijmegen (“HY International”), HYSTER-YALE HOLDING B.V., a private company with limited liability incorporated under the laws of the Netherlands having its corporate seat in Nijmegen (“HY Holding BV”), BOLZONI CAPITAL HOLDING B.V., a private company with limited liability incorporated under the laws of the Netherlands having its corporate seat in Nijmegen (together with HYN BV and HY International and HY Holding BV, the “Dutch Borrowers”), HYSTER-YALE UK LIMITED, a company incorporated in England and Wales with company number 02636775 (“HY UK”), BOLZONI CAPITAL UK LIMITED, a company incorporated in England and Wales with company number 10090448 (“Bolzoni Capital”, and together with HY UK, the “UK Borrowers” and, collectively with the Dutch Borrowers and the U.S. Borrowers, the “Borrowers” and each, a “Borrower”), the Persons party hereto as Guarantors, the Lenders signatory hereto, and BANK OF AMERICA, N.A., a national banking association, in its capacity as administrative agent and security trustee (“Agent”).
RECITALS:
A.    The Borrowers, the Persons party thereto from time to time as guarantors (the “Guarantors”), the financial institutions party thereto from time to time as lenders (the “Lenders”) and Agent entered into that certain Amended and Restated Loan, Security and Guaranty Agreement dated as of April 28, 2016 (as amended, restated, supplemented, or otherwise modified from time to time, the “Loan Agreement”; capitalized terms used but not defined in this Second Amendment shall have the meaning given to such terms in the Loan Agreement), pursuant to which the Lenders have agreed to make Loans and provide certain other credit accommodations to the Borrowers.
B.    HYG has informed Agent and the Lenders that it may dispose of some or all of the assets constituting the “Power Tap” division of Nuvera Fuel Cells, LLC (the “Power Tap Disposition”).
C.    The Borrowers have requested that Agent and the Lenders agree to amend the Loan Agreement to, among other things, accommodate the consummation of the Power Tap Disposition and certain non-core asset sales;

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D.    Subject to the conditions in Section 2, the Lenders have agreed to amend the Loan Agreement as set forth herein;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Obligors, Agent and the Lenders hereby agree as follows:
Section 1.Loan Agreement Amendments.    In reliance on the representations, warranties, covenants and agreements contained in this Second Amendment, the Loan Agreement shall be amended effective as of the Second Amendment Effective Date (as defined below) in the manner provided in this Section 1.
1.1    Amendment to Section 1.1.  Section 1.1 of the Loan Agreement shall be amended by adding the following new definitions to such Section in appropriate alphabetical order to read in full as follows:
Power Tap:  means the assets constituting the “Power Tap” division of Nuvera Fuel Cells, LLC.
Specified Dispositions: as defined in Section 10.2.5(k).
1.2    Amendment to Section 5.2.  Section 5.2 of the Loan Agreement shall be amended by amending and restating the final sentence of such Section to read in its entirety as follows:
If any Asset Disposition (other than Asset Dispositions permitted under Section 10.2.5(a), (b), (c) or (k)) includes the disposition of Accounts or Inventory, the applicable Borrowers of the relevant Borrower Group shall apply an amount to repay Loans equal to the greater of • the amount of the Net Proceeds of such Asset Disposition or • the reduction in the Borrowing Base resulting from the disposition.
1.3    Amendments to Section 10.2.2.  Section 10.2.2 of the Loan Agreement shall be amended by (a) deleting the word “and” at the end of clause (l), (b) replacing the “.” at the end of clause (m) with “; and” and (c) inserting a new clause (n) to read in its entirety as follows:
(n)    Liens on assets being disposed of in a transaction permitted by this Agreement prior to the effectiveness of the disposition consisting of the agreement by the owner of such assets to sell or otherwise dispose of the assets
1.4    Amendments to Section 10.2.4.  Section 10.2.4 of the Loan Agreement shall be amended by (a) deleting the word “and” at the end of clause (i), (b) renumbering current clause (j) as a new clause (k) and (c) inserting a new clause (j) to read in its entirety as follows:
(j)    Investments consisting of seller notes, Equity Interests or other similar Investements received as non-cash consideration in a Specified Disposition permitted by Section 10.2.5(k); and

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1.5    Amendments to Section 10.2.5.  Section 10.2.5 of the Loan Agreement shall be amended by (a) deleting the word “and” at the end of clause (j), (b) renumbering current clause (k) as a new clause (l) and (c) inserting a new clause (k) to read in its entirety as follows:
(k)    (i) the sale or other disposition, in whole or in part, of Power Tap (including for non-cash consideration) and (ii) any other sales or dispositions of non-core assets (including for non-cash consideration) with a book value of not more than $10,000,000 in the aggregate for all such sales or dispositions; provided, that, in each case for sub-clauses (i) and (ii) (collectively, the “Specified Dispositions”), (A) no Default or Event of Default shall have occurred and be continuing before and after giving effect to such sale or disposition, (B) to the extent that such sale or disposition includes Accounts or Inventory of an Obligor that are included in the Borrowing Base, the Borrowers deliver an updated Borrowing Base Certificate to the Agent solely removing such Accounts and Inventory within five Business Days following such sale or disposition, (C) in the case of clause (ii) above, during a Cash Dominion Event, any cash Net Proceeds attributable to the sale of any Accounts or Inventory of an Obligor are applied as a prepayment of the Loans, and (D) in the case of clause (ii) above, after giving effect to such sale as if it occurred on the first day of the Pro Forma Period, both (1) pro forma Total Excess Availability is greater than 20% of the aggregate Commitments at all times during the Pro Forma Period and (2) pro forma U.S. Excess Availability is greater than 20% of the aggregate U.S. Revolver Commitments at all times during the Pro Forma Period; and
Section 2.    Conditions Precedent.  The amendments to the Loan Agreement contained in Section 1 hereof are subject to the satisfaction of each of the following conditions precedent on or prior to March 16, 2018 (the date on which all such conditions are satisfied, the “Second Amendment Effective Date”):
2.1    Second Amendment.  Agent shall have received counterparts of this Second Amendment executed on behalf of Agent, each Obligor and the Lenders.
2.2    Representations and Warranties.  The representations and warranties of each Obligor in this Second Amendment and the other Loan Documents shall be true and correct in all material respects (or, with respect to representations and warranties qualified by materiality, in all respects) on and as of the Second Amendment Effective Date (except for representations and warranties that expressly relate to an earlier date which shall be true and correct in all material respects or all respects, as applicable, on such date).
2.3    No Defaults; No Material Adverse Effect.  
(a)    No Default or Event of Default shall have occurred and be continuing.

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(b)    No event or circumstance shall have occurred or be continuing since December 31, 2016 that has caused, or could be reasonably expected to cause, either individually or in the aggregate, a Material Adverse Effect.
2.4    Fees and Expenses.  Borrowers shall have paid all fees and expenses to be paid to Agent and Lenders on the Second Amendment Effective Date (including fees and disbursements of counsel to Agent).
2.5    Other Documents and Actions.  The Obligors shall have provided to Agent such other documents and taken such other actions as reasonably requested by Agent.
Section 3.    Representations and Warranties.  To induce the Lenders and Agent to enter into this Second Amendment, each Obligor hereby represents and warrants to the Lenders and Agent as follows:
3.1    Loan Document Representations and Warranties.  Prior to and after giving effect to this Second Amendment, the representations and warranties of such Obligor contained in Section 9 of the Loan Agreement, or which are contained in any other Loan Documents, are true and correct in all material respects (or, with respect to representations and warranties qualified by materiality, in all respects) on and as of the Second Amendment Effective Date (except for representations and warranties that expressly relate to an earlier date which shall be true and correct in all material respects or all respects, as applicable, on such date).
3.2    Power and Authority.  Each Obligor party hereto is duly authorized to execute, deliver and perform the Second Amendment.  The execution, delivery and performance of the Second Amendment has been duly authorized by all necessary action, and does not (a) require any consent or approval of any holders of Equity Interests of any Obligor, except those already obtained; (b) contravene the Organic Documents of any Obligor; (c) violate or cause a default under any Applicable Law or Material Contract; or (d) result in or require imposition of a Lien (other than Permitted Liens) on any Obligor’s Property.
3.3    Enforceability.  The Second Amendment is a legal, valid and binding obligation of each Obligor party hereto, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally.
3.4    No Defaults.  No event or circumstance exists that constitutes a Default or Event of Default.
3.5    Solvency.  Each Obligor is Solvent.
Section 4.    Miscellaneous.
4.1    Reaffirmation of Loan Documents.  All of the terms and provisions of the Loan Agreement and the other Loan Documents shall, except as amended and modified hereby, remain in full force and effect and are hereby ratified and affirmed by the Obligors.  The amendment to the 

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Loan Agreement contemplated hereby shall not limit or impair any Liens securing the Obligations, which Liens are hereby ratified and affirmed by the Obligors.  This Second Amendment is a Loan Document.
4.2    Reaffirmation of Guaranty.  Each Guarantor hereby ratifies and affirms its guaranty obligations under Section 5.10 of the Loan Agreement and any other Guaranty executed by such Guarantor in favor of Agent and agrees that such Guarantor continues to unconditionally and irrevocably guarantee the prompt payment and performance of the Obligations thereunder.
4.3    Parties in Interest.  All of the terms and provisions of this Second Amendment shall bind and inure to the benefit of the parties hereto and their respective successors and assigns.
4.4    Legal Expenses.  The Borrowers hereby agree to pay on demand all reasonable fees and expenses of counsel to Agent incurred by Agent in connection with the preparation, negotiation and execution of this Second Amendment and all related documents.
4.5    Counterparts; Execution.  This Second Amendment may be executed in counterparts, and all parties need not execute the same counterpart.  The amendment to the Loan Agreement set forth in Section 1 of this Second Amendment shall become effective when Agent has received counterparts bearing the signatures of all required parties hereto and Section 2 is satisfied.  Facsimiles or other electronic transmissions (e.g., .pdf) shall be effective as originals.
4.6    Entire Agreement.  THIS SECOND AMENDMENT, THE LOAN AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS BETWEEN THE PARTIES.  THERE ARE NO UNWRITTEN AGREEMENTS BETWEEN THE PARTIES.
4.7    Headings.  The headings, captions and arrangements used in this Second Amendment are, unless specified otherwise, for convenience only and shall not be deemed to limit, amplify or modify the terms of this Second Amendment, nor affect the meaning thereof.
4.8    Governing Law.  This Second Amendment shall be governed by the laws of the State of New York, without giving effect to any conflict of law provisions (but giving effect to section 5-1401 of the New York general obligation law and federal laws relating to national banks).
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IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly executed by their respective authorized officers as of the day and year first above written.

HYSTER-YALE MATERIALS HANDLING, INC.,
as a U.S. Borrower and a Guarantor

		
	By:
	/s/ Suzanne Schulze Taylor     

Name: Suzanne Schulze Taylor
Title: Senior Vice President, General Counsel and Secretary

HYSTER-YALE GROUP, INC.,
as a U.S. Borrower and a Guarantor

		
	By:
	/s/ Suzanne Schulze Taylor     

Name: Suzanne Schulze Taylor
Title: Senior Vice President, General Counsel and Secretary

HYSTER OVERSEAS CAPITAL CORPORATION, LLC, as a Guarantor

		
	By:
	/s/ Suzanne Schulze Taylor     

Name: Suzanne Schulze Taylor
Title: Secretary

Signature Page to Second Amendment to Loan Agreement

BOLZONI CAPITAL HOLDING B.V., 
as a Dutch Borrower and a Guarantor

By: HYSTER-YALE HOLDING B.V., its Managing Director,
		
	By:
	/s/ D.J.J. Peters     

Name: D.J.J. Peters, managing director

		
	By:
	/s/ Toby Tyler     

Name: Hyster-Yale Group Limited, managing director, by R.T.S. Tyler, director of Hyster-Yale Group Limited

HYSTER-YALE NEDERLAND B.V., 
as a Dutch Borrower and a Guarantor

By: HYSTER-YALE HOLDING B.V., its Managing Director,
		
	By:
	/s/ D.J.J. Peters     

Name: D.J.J. Peters, managing director

		
	By:
	/s/ Toby Tyler     

Name: Hyster-Yale Group Limited, managing director, by R.T.S. Tyler, director of Hyster-Yale Group Limited

Signature Page to Second Amendment to Loan Agreement

HYSTER-YALE INTERNATIONAL B.V., 
as a Dutch Borrower and a Guarantor

By: HYSTER-YALE HOLDING B.V., its Managing Director,
		
	By:
	/s/ D.J.J. Peters     

Name: D.J.J. Peters, managing director

		
	By:
	/s/ Toby Tyler     

Name: Hyster-Yale Group Limited, managing director, by R.T.S. Tyler, director of Hyster-Yale Group Limited

HYSTER-YALE HOLDING B.V., 
as a Dutch Borrower and a Guarantor

By: HYSTER-YALE HOLDING B.V., its Managing Director,
		
	By:
	/s/ D.J.J. Peters     

Name: D.J.J. Peters, managing director

		
	By:
	/s/ Toby Tyler     

Name: Hyster-Yale Group Limited, managing director, by R.T.S. Tyler, director of Hyster-Yale Group Limited

HYSTER-YALE UK LIMITED, 
as a UK Borrower and a Guarantor

		
	By:
	/s/ Toby Tyler     

Name: R.T.S. Tyler
Title: Director

HYSTER-YALE GROUP LIMITED,  
as a Guarantor

		
	By:
	/s/ Toby Tyler     

Name: R.T.S. Tyler
Title: Director

Signature Page to Second Amendment to Loan Agreement

NUVERA FUEL CELLS, LLC, 
as a Guarantor

		
	By:
	/s/ Suzanne Schulze Taylor     

Name: Suzanne Schulze Taylor
Title: Secretary

BOLZONI HOLDINGS LLC, 
as a Guarantor

		
	By:
	/s/ Suzanne Schulze Taylor     

Name: Suzanne Schulze Taylor
Title: Secretary

BOLZONI CAPITAL UK LIMITED, 
as a UK Borrower and a Guarantor

		
	By:
	/s/ Suzanne Schulze Taylor     

Name: Suzanne Schulze Taylor
Title: Director

Signature Page to Second Amendment to Loan Agreement

BANK OF AMERICA, N.A., 
as Agent and a U.S. Lender

		
	By:
	/s/ Thomas Herron

Name: Thomas Herron
Title:   Senior Vice President

BANK OF AMERICA, N.A., 
(acting through its London Branch), as European Security Trustee and a Foreign Lender

		
	By:
	/s/ Thomas Herron

Name: Thomas Herron
Title:   Senior Vice President

Signature Page to Second Amendment to Loan Agreement

CITIBANK, N.A., 
as a U.S. Lender and a Foreign Lender

		
	By:
	/s/ David L. Smith    

Name: David L. Smith
Title: Vice President and Director

Signature Page to Second Amendment to Loan Agreement

HSBC BANK USA, NATIONAL ASSOCIATION, 
as a U.S. Lender and a Foreign Lender

		
	By:
	/s/ Alexander R Caldiero    

Name: Alexander R Caldiero
Title: Assistant Vice President

Signature Page to Second Amendment to Loan Agreement

WELLS FARGO BANK, NATIONAL ASSOCIATION, as a U.S. Lender

By: /s/ Moses Harries        
Name: Moses Harris
Title: Authorized Signatory

WELLS FARGO BANK, NATIONAL ASSOCIATION, LONDON BRANCH, 
as a Foreign Lender

By: /s/ NB Hogg        
Name: NB Hogg
Title: Authorized Signatory

Signature Page to Second Amendment to Loan Agreement

KEYBANK NATIONAL ASSOCIATION, 
as a U.S. Lender and a Foreign Lender

		
	By:
	/s/ Nadine M. Eames    

Name: Nadine M. Eames
Title: Vice President

Signature Page to Second Amendment to Loan Agreement

CITIZENS BUSINESS CAPITAL, 
a division of CITIZENS ASSET FINANCE, as a U.S. Lender and a Foreign Lender

		
	By:
	/s/ James R. Horn    

Name: James R. Horn
Title: Vice President, Citizens Business Capital

Signature Page to Second Amendment to Loan Agreement

U.S. BANK NATIONAL ASSOCIATION, 
as a U.S. Lender and a Foreign Lender

		
	By:
	/s/ John R. LePage    

Name: John R. LePage
Title: Vice President

Signature Page to Second Amendment to Loan Agreement

INTESA SANPAOLO S.P.A. – NEW YORK BRANCH, 
as a U.S. Lender and a Foreign Lender

		
	By:
	/s/ Jennifer Feldman Facciola    

Name: Jennifer Feldman Facciola
Title: VP - Relationship Manager

		
	By:
	/s/ Francesco Di Mario    

Name: Francesco Di Mario
Title: FVP - Head of Credit

Signature Page to Second Amendment to Loan Agreement

FIFTH THIRD BANK, 
as a U.S. Lender and a Foreign Lender

		
	By:
	/s/ Kristina M. Miller    

Name: Kristina M. Miller
Title: Senior Vice President

Signature Page to Second Amendment to Loan Agreement

CONSENT AND REAFFIRMATION

The undersigned hereby (i) acknowledges receipt of a copy of the foregoing Second Amendment to Amended and Restated Loan, Security and Guaranty Agreement (the “Second Amendment”); (ii) consents to the Borrowers’ and Guarantors’ execution and delivery thereof; (iii) affirms that nothing contained therein shall modify in any respect whatsoever its guaranty of the Foreign Facility Obligations pursuant to the terms of its Guaranty in favor of the Agent for the benefit of the Foreign Facility Secured Parties and (v) reaffirms that such Guaranty is and shall continue to remain in full force and effect subject to the limitations under Section 6 of the Guaranty. 

[Remainder of page intentionally left blank.  Signature page follows.]

Reaffirmation of Guaranty

IN WITNESS WHEREOF, the undersigned has executed this Reaffirmation on and as of the date of the Second Amendment.

GUARANTOR: 

HYSTER-YALE ITALIA S.P.A.,  

		
	By:
	/s/ Suzanne Schulze Taylor     

Name: Suzanne Schulze Taylor
Title: Authorized Signatory (Director)

Reaffirmation of Guaranty Signature PageExhibit

Execution Version

THIRD SUPPLEMENTAL INDENTURE 
THIRD SUPPLEMENTAL INDENTURE (this “Third Supplemental Indenture”), dated as of March 30, 2018, among L3 Technologies, Inc., (formerly known as L-3 Communications Corporation) (or its permitted successor), a Delaware corporation (the “Company”), each direct or indirect subsidiary of the Company signatory hereto (each, a “Guaranteeing Subsidiary”, and collectively, the “Guaranteeing Subsidiaries”), and The Bank of New York Mellon, as trustee under the indenture referred to below (the “Trustee”).
W I T N E S S E T H:
WHEREAS, the Company and the Guaranteeing Subsidiaries party thereto have heretofore executed and delivered to the Trustee (1) an indenture (as amended and supplemented to the date hereof, the “Base Indenture”), dated as of October 2, 2009, providing for the issuance of an unlimited amount of 5 1/5% Senior Notes due 2019 (the “Notes”), (2) a first supplemental indenture, dated as of February 3, 2012 (the “First Supplemental Indenture”), and (3) a second supplemental indenture, dated as of October 31, 2016 (the “Second Supplemental Indenture” together with the Base Indenture and the First Supplemental Indenture, collectively, the “Indenture”), providing for the accession of certain Guaranteeing Subsidiaries. 
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall unconditionally guarantee all of the Company’s Obligations (as defined in the Indenture) under the Notes and the Indenture on the terms and conditions set forth herein (the “Subsidiary Guarantee”); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Third Supplemental Indenture.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

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	1.
	CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

		
	2.
	AGREEMENT TO GUARANTEE. Each Guaranteeing Subsidiary hereby agrees as follows:

		
	(a)
	Such Guaranteeing Subsidiary, jointly and severally with all other current and future guarantors of the Notes (collectively, the “Guarantors” and each, a “Guarantor”), unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, regardless of the validity and enforceability of the Indenture, the Notes or the Obligations of the Company under the Indenture or the Notes, that:

		
	(i)
	the principal of, premium, interest and Special Interest, if any, on the Notes will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of, premium, interest and Special Interest, if any, on the Notes, to the extent lawful, and all other Obligations of the Company to the Holders or the Trustee thereunder or under the Indenture will be promptly paid in full, all in accordance with the terms thereof; and

		
	(ii)
	in case of any extension of time for payment or renewal of any Notes or any of such other Obligations, that the same will be promptly paid in full when due in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise.

		
	(b)
	Notwithstanding the foregoing, in the event that this Subsidiary Guarantee would constitute or result in a violation of any applicable fraudulent conveyance or similar law of any relevant jurisdiction, the liability of such Guaranteeing Subsidiary under this Third Supplemental Indenture and its Subsidiary Guarantee shall be reduced to the maximum amount permissible under such fraudulent conveyance or similar law.

		
	3.
	EXECUTION AND DELIVERY OF SUBSIDIARY GUARANTEES.

		
	(a)
	The Subsidiary Guarantee set forth in this Third Supplemental Indenture of a Guaranteeing Subsidiary shall be evidenced by the execution and delivery of this Third Supplemental Indenture by an Officer of such Guaranteeing Subsidiary.

		
	(b)
	If the Officer whose signature is on this Third Supplemental Indenture no longer holds that office at the time the Trustee authenticates any Note under the Indenture, the Subsidiary Guarantee shall be valid nevertheless.

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	(c)
	The delivery of any Note by the Trustee, after the authentication thereof under the Indenture, shall constitute due delivery of the Subsidiary Guarantee set forth in this Third Supplemental Indenture on behalf of each Guaranteeing Subsidiary.

		
	(d)
	Each Guaranteeing Subsidiary hereby agrees that its Obligations hereunder shall be unconditional, regardless of the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor.

		
	(e)
	Each Guaranteeing Subsidiary hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenants that its Subsidiary Guarantee made pursuant to this Third Supplemental Indenture will not be discharged except by complete performance of the Obligations contained in the Notes and the Indenture.

		
	(f)
	If any Holder or the Trustee is required by any court or otherwise to return to the Company or any Guaranteeing Subsidiary, or any custodian, Trustee, liquidator or other similar official acting in relation to either the Company or such Guaranteeing Subsidiary, any amount paid by either to the Trustee or such Holder, the Subsidiary Guarantee made pursuant to this Third Supplemental Indenture, to the extent theretofore discharged, shall be reinstated in full force and effect.

		
	(g)
	Each Guaranteeing Subsidiary agrees that it shall not be entitled to any right of subrogation in relation to the Holders in respect of any Obligations guaranteed hereby until payment in full of all Obligations guaranteed hereby. Each Guaranteeing Subsidiary further agrees that, as between such Guaranteeing Subsidiary, on the one hand, and the Holders and the Trustee, on the other hand:

		
	(i)
	the maturity of the Obligations guaranteed hereby may be accelerated as provided in Article 6 of the Indenture for the purposes of the Subsidiary Guarantee made pursuant to this Third Supplemental Indenture, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Obligations guaranteed hereby; and

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	(ii)
	in the event of any declaration of acceleration of such Obligations as provided in Article 6 of the Indenture, such Obligations (whether or not due and payable) shall forthwith become due and payable by such Guaranteeing Subsidiary for the purpose of the Subsidiary Guarantee made pursuant to this Third Supplemental Indenture.

		
	(h)
	Each Guaranteeing Subsidiary shall have the right to seek contribution from any other non-paying Guaranteeing Subsidiary so long as the exercise of such right does not impair the rights of the Holders or the Trustee under the Subsidiary Guarantee made pursuant to this Third Supplemental Indenture.

		
	4.
	GUARANTEEING SUBSIDIARY MAY CONSOLIDATE, ETC. ON CERTAIN TERMS.

		
	(a)
	Except as set forth in Article 5 of the Indenture, nothing contained in the Indenture, this Third Supplemental Indenture or in the Notes shall prevent any consolidation or merger of any Guaranteeing Subsidiary with or into the Company or any other Guarantor or shall prevent any transfer, sale or conveyance of the property of any Guaranteeing Subsidiary as an entirety or substantially as an entirety, to the Company or any other Guarantor.

		
	(b)
	Except as set forth in Article 5 of the Indenture, nothing contained in the Indenture, this Third Supplemental Indenture or in the Notes shall prevent any consolidation or merger of any Guaranteeing Subsidiary with or into an entity other than the Company or any other Guarantor (in each case, whether or not affiliated with the Guaranteeing Subsidiary), or successive consolidations or mergers in which a Guaranteeing Subsidiary or its successor or successors shall be a party or parties, or shall prevent any sale or conveyance of the property of any Guaranteeing Subsidiary as an entirety or substantially as an entirety, to an entity other than the Company or any other Guarantor (in each case, whether or not affiliated with the Guaranteeing Subsidiary) authorized to acquire and operate the same; provided, however, that each Guaranteeing Subsidiary hereby covenants and agrees that (i) subject to the Indenture, upon any such consolidation, merger, sale or conveyance, the due and punctual performance and observance of all of the covenants and conditions of the Indenture and this Third Supplemental Indenture to be performed by such Guaranteeing Subsidiaries, shall be expressly assumed (in the event that such Guaranteeing Subsidiary is not the surviving entity in the merger), by supplemental indenture satisfactory in form to the Trustee, executed and delivered to the Trustee, by the entity formed by such consolidation, or into which such Guaranteeing Subsidiary shall have been merged, or by the entity which shall have acquired such property and (ii) immediately 

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after giving effect to such consolidation, merger, sale or conveyance no Default or Event of Default exists.
		
	(c)
	In case of any such consolidation, merger, sale or conveyance and upon the assumption by the successor entity, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Subsidiary Guarantee made pursuant to this Third Supplemental Indenture and the due and punctual performance of all of the covenants and conditions of the Indenture and this Third Supplemental Indenture to be performed by such Guaranteeing Subsidiary, such successor entity shall succeed to and be substituted for such Guaranteeing Subsidiary with the same effect as if it had been named herein as the Guaranteeing Subsidiary. Such successor entity thereupon may cause to be signed any or all of the Subsidiary Guarantees to be endorsed upon the Notes issuable under the Indenture which theretofore shall not have been signed by the Company and delivered to the Trustee. All the Subsidiary Guarantees so issued shall in all respects have the same legal rank and benefit under the Indenture and this Third Supplemental Indenture as the Subsidiary Guarantees theretofore and thereafter issued in accordance with the terms of the Indenture and this Third Supplemental Indenture as though all of such Subsidiary Guarantees had been issued at the date of the execution hereof.

		
	5.
	RELEASES.

		
	(a)
	Upon the release of a Guarantor from its Guarantees of, and all pledges and security interests granted in connection with, all other Indebtedness of the Company, such Guaranteeing Subsidiary shall be released and relieved of its Obligations under its Subsidiary Guarantee and this Third Supplemental Indenture. Any Guaranteeing Subsidiary not released from its Obligations under its Subsidiary Guarantee shall remain liable for the full amount of principal of and interest on the Notes and for the other Obligations of any Guaranteeing Subsidiary under the Indenture as provided herein.

		
	(b)
	Each Guaranteeing Subsidiary shall be released and relieved of its obligations under this Third Supplemental Indenture in accordance with, and subject to, Sections 4.09 and 10.04 of the Indenture.

		
	6.
	NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of any Subsidiary of the Company, as such, shall have any liability for any Obligations of the Company or any Subsidiary of the Company under the Notes, any Subsidiary Guarantees, the Indenture or this Third Supplemental Indenture or for any claim based on, in respect of, or by reason of, such Obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and 

5

release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy.
		
	7.
	NEW YORK LAW TO GOVERN. THIS THIRD SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

		
	8.
	COUNTERPARTS. The parties may sign any number of copies of this Third Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.

		
	9.
	EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

		
	10.
	THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Third Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries and the Company.

		
	11.
	BENEFITS ACKNOWLEDGED.  Each Guaranteeing Subsidiary’s Guarantee is subject to the terms and conditions set forth in the Indenture.  Each Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Third Supplemental Indenture and that the guarantee and waivers made by it pursuant to this Guarantee are knowingly made in contemplation of such benefits. 

		
	12.
	SUCCESSORS.  All agreements of the Guaranteeing Subsidiaries in this Third Supplemental Indenture shall bind its successors, except as otherwise provided in Section 10.04 of the Indenture.  All agreements of  the Trustee in this Third Supplemental Indenture shall bind its successors.  

6

IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be duly executed, all as of the date first above written.
	
		
	Dated: March 30, 2018
	L3 TECHNOLOGIES, INC._________________

	 
	

[Signature Page to Third Supplemental Indenture]    

Electrodynamics, Inc.
Interstate Electronics Corporation
L3 Advanced Programs, Inc. (f/k/a L-3 Advanced Programs, Inc.)
L3 Applied Technologies, Inc. (f/k/a L-3 Applied Technologies, Inc.)
L3 Chesapeake Sciences Corporation (f/k/a L-3 Chesapeake Sciences Corporation)
L-3 Communications AIS GP Corporation
L-3 Communications Avionics Systems, Inc.
L3 Cincinnati Electronics Corporation (f/k/a L-3 Communications Cincinnati Electronics Corporation)
L-3 Communications Electron Technologies, Inc.
Wescam USA, Inc. (f/k/a L-3 Communications EO/IR, Inc.)
L3 ESSCO, Inc. (f/k/a L-3 Communications ESSCO, Inc.)
L-3 Communications Flight Capital LLC
L-3 Communications Flight International Aviation LLC
L-3 Communications Foreign Holdings, Inc.
L-3 Communications Investments Inc.
L3 MariPro, Inc. (f/k/a L-3 Communications MariPro, Inc.)
L3 Mobile-Vision, Inc. (f/k/a L-3 Communications Mobile-Vision, Inc.)
L3 Security & Detection Systems, Inc. (f/k/a L-3 Communications Security And Detection Systems, Inc.)
L-3 Communications Vector International Aviation LLC
L-3 Communications Vertex Aerospace LLC
L3 Westwood Corporation  (f/k/a L-3 Communications Westwood Corporation)
L-3 Domestic Holdings, Inc.
L3 Fuzing and Ordnance Systems, Inc. (f/k/a L-3 Fuzing And Ordnance Systems, Inc.)
L3 Unidyne, Inc. (f/k/a L-3 Unidyne, Inc.)
L3 Unmanned Systems, Inc. (f/k/a L-3 Unmanned Systems, Inc.)
Power Paragon, Inc.
SPD Electrical Systems, Inc.
SPD Switchgear Inc.
L-3 Afghanistan, LLC
L-3 Army Sustainment LLC
L-3 Centaur, LLC
L-3 CTC Aviation Holdings Inc.
L-3 CTC Aviation Leasing (US) Inc.
L-3 CTC Aviation Training (US) Inc. 
L-3 Investments, LLC
Aerosim Academy, Inc.
Aerosim Technologies, Inc. 
Flight Training Acquisitions LLC
ForceX, Inc. 
L3 Kigre, Inc. 
L3 Adaptive Methods, Inc. 
L3 Doss Aviation, Inc.
L3 OceanServer, Inc.
L3 Open Water Power, Inc.
	
		
	 
	As Guaranteeing Subsidiaries________________

	 
	

[Signature Page to Third Supplemental Indenture]    

	
		
	 
	L-3 Communications Integrated Systems L.P., a_
Delaware limited partnership________________

	 
	 

	 
	By:   L-3 COMMUNICATIONS AIS GP_____ _ 
   CORPORATION,____________ ___________ 
 
   as General Partner_______________________ 

	 
	

	 
	 

	 
	Mustang Technology Group, L.P., a Texas limited
partnership__________ ____________________

	 
	 

	 
	By:   L-3 TECHNOLOGIES, INC.,___________ 
 
   as General Partner___ ____________________ 

	 
	

[Signature Page to Third Supplemental Indenture]    

	
		
	Dated: March 30, 2018
	THE BANK OF NEW YORK MELLON,______ 
as Trustee_______________________________

	 
	

[Signature Page to Third Supplemental Indenture]

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