Document:

EX-10.2 Commercial Paper Dealer Agreement with Ban

 

EXHIBIT
10.2

COMMERCIAL PAPER DEALER AGREEMENT

THIS
COMMERCIAL PAPER DEALER AGREEMENT, dated as of June 13, 2007,
between BANC OF AMERICA SECURITIES LLC
(the “Dealer”) and HARRIS CORPORATION (the “Company”).

WHEREAS, the Company desires to issue its short-term promissory notes in the United States
commercial paper market,

WHEREAS, the Company has requested the Dealer to act on a non-exclusive basis as a dealer therefor
and the Dealer has indicated its willingness to do so on the terms and conditions contained herein,

NOW THEREFORE, the Dealer and the Company hereby agree as follow:

	1.	 	The Notes. The term “Notes” means short-term promissory notes of the Company, each
such note (a) having a maturity at the time of issuance of not more than 270 days (exclusive
of days of grace) and (b) not containing any provision for automatic “rollover”. The proceeds
from the sale of the Notes will be used by the Company for “current transactions” within the
meaning of Section 3(a)(3) of the Securities Act of 1933, as amended (the “1933 Act”). The
Notes will be issued in such face or principal amounts (but not less than $100,000 each) and
will bear such interest rates (if interest-bearing) or be sold at such discounts, if any, from
their face amounts, as shall be approved in writing in advance by the Company in its sole
discretion. Nothing herein shall limit or otherwise affect the ability of the Company to
issue, place and/or sell short-term promissory notes which are issued in reliance on an
exemption from registration under the 1933 Act other than that provided by Section 3(a)(3)
thereof.

	2.	 	Appointment of Dealer. The Company hereby appoints the Dealer to be a non-exclusive
dealer in respect of the Notes and the Dealer accepts such appointment subject to the terms
and conditions set forth herein. Although (a) the Company has and shall have no obligation to
permit the Dealer to purchase any Notes or arrange any sale of Notes for the account of the
Company, and (b) the Dealer has and shall have no obligation to purchase any Notes or arrange
any sale of Notes for the account of the Company, the parties hereto agree that any purchase
of Notes by the Dealer and any sale of Notes arranged by the Dealer will be effected in
reliance on, among other things, the representations, warranties, covenants and agreements of
the Company contained herein or made pursuant hereto and on the terms and conditions and in
the manner herein. From time to time, the Company shall give the Dealer prior written notice
of the entity serving as the issuing and paying agent for the Notes (the “Issuing and Paying
Agent”). The appointment of the Dealer hereunder is non-exclusive; and, without limiting the
generality of the foregoing: (i) the Company currently has appointed, and may at any time or
from time to time appoint, one or more other dealers for the Notes; and (ii) the Company may
at any time or from time to time sell Notes directly to investors.

 

 

	3.	 	Issuance of Notes. (a) Prior to or on the date of a proposed issuance of Notes which
are to be purchased (or the purchase of which is to be arranged) by the Dealer, the Dealer and
the Company shall confer as to the face or principal amounts, maturities and denominations
thereof, the applicable interest rates or the discounts from the face amounts, at which the
Notes are to be issued. When the Company has approved such issuance in writing, the Dealer
will instruct the Issuing and Paying Agent to deliver executed and countersigned Notes to the
persons specified by the Dealer on the date of issuance. (b) The authentication and delivery
of Notes pursuant hereto by the Issuing and Paying Agent shall constitute the issuance of such
Notes by the Company. The Company agrees that (i) signed Notes in bearer form shall be
delivered to the Issuing and Paying Agent and (ii) instructions to the Issuing and Paying
Agent to complete, authenticate and deliver such Notes shall be made in the manner prescribed
in the agreement between the Company and the Issuing and Paying Agent (as amended from time to
time, the “Issuing and Paying Agency Agreement”). Notwithstanding the above provisions, in the
event that the Company elects to issue Notes in book entry form through The Depositary Trust
Company (“DTC”), delivery of Notes shall be effected pursuant to the procedures in effect from
time to time at DTC with respect to commercial paper notes.

	4.	 	Representations and Warranties. The Company represents and warrants: (a) the Company
is a duly organized and validly existing corporation in good standing under the laws of the
state of its incorporation and has the corporate power and authority to execute and deliver
this Agreement, the Issuing and Paying Agency Agreement and the Notes, and to perform and
observe the conditions hereof and thereof (b) the execution and delivery and performance of
this Agreement and the Issuing and Paying Agency Agreement and the issuance and sale of the
Notes have been duly authorized by the Company, and this Agreement and the Issuing and Paying
Agency Agreement constitute, and when the Notes have been duly executed by the Company and
authenticated and delivered by the Issuing and Paying Agent against payment therefor, such
Notes will constitute, legal, valid and binding obligations of the Company, enforceable in
accordance with their terms, except as limited by bankruptcy, insolvency or other similar laws
relating to or affecting generally creditors’ rights or by general equitable principles, or by
applicable federal or state securities laws; (c) no consent or action of, or filing or
registration with, any governmental or public regulatory body or authority is required to
authorize, or is otherwise required to be obtained by the Company in connection with, the
execution, delivery or performance of this Agreement, the Issuing and Paying Agency Agreement
or the Notes, except such as have already been obtained and such others the failure to obtain
of which will not affect the validity or enforceability of any such document or have a
material adverse effect on the consolidated financial condition of the Company and its
subsidiaries considered as a whole; (d) neither the execution and delivery by the Company of
this Agreement, the Issuing and Paying Agency Agreement or the Notes, nor the fulfillment of
or compliance with the terms and provisions hereof or thereof by

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	 	 	the Company, will (i) result in the creation or imposition of any mortgage, lien, charge or
encumbrance of any nature whatsoever upon any of the properties or assets of the Company;
(ii) violate any of the terms of the Company’s charter documents or By-laws, or (iii)
breach or violate any contract or instrument to which the Company is a party or to which it
or its property is bound, or any law or regulation or any order, writ, injunction or decree
of any court or governmental instrumentality, to which the Company is subject or by which
it or its property is bound which, in the case of any of the foregoing clauses (i) or (iii)
would have a material adverse effect on the consolidated financial condition of the Company
and its subsidiaries considered as a whole; (e) each Note issued by the Company pursuant to
the terms hereof and of the Issuing and Paying Agency Agreement is exempt from the
registration requirements of the 1933 Act by reason of Section 3(a)(3) thereof, and neither
registration of the Notes under the 1933 Act nor qualification of an indenture under the
Trust Indenture Act of 1939, as amended, with respect to the Notes will be required in
connection with the offer, issuance, sale or delivery of the Notes in accordance with the
terms hereof and of the Issuing and Paying Agency Agreement; (f) the Company is neither an
“investment company” nor a “company controlled by an investment company” within the meaning
of the Investment Company Act of 1940, as amended; and (g) there are no actions, suits,
proceedings, or investigations pending or, to its knowledge, threatened, against the
Company or any of its officers, directors or persons who controls the Company (within the
meaning of Section 15 of the 1933 Act or Section 20 of the Securities Exchange Act of 1934,
as amended) or to which any property of the Company is subject, which could in any way
materially and adversely affect the validity or enforceability of this Agreement, the
Issuing and Paying Agency Agreement or the Notes.
	 
	5.	 	Offering Materials. (a) The Company understands that, in connection with the sale of
the Notes, certain materials relating to the Company and its affiliates may be prepared
(collectively referred to herein as the “Offering Materials”), which are distributed to
purchasers and prospective purchasers of the Notes. To provide a basis for the preparation of
the Offering Materials and to assist the Dealer’s normal credit review procedures, the Company
shall provide the Dealer (if the Dealer is unable to obtain the same on its own) with copies
of (i) its most recent reports of the Company on Forms 10-Q and 10-K filed with the Securities
and Exchange Commission (“SEC”), (ii) its most recent annual audited financial statements and
each interim financial statements or report prepared subsequent thereto, and (iii) other
publicly available recent reports, if any, provided to its respective shareholders. In
addition, the Company will provide the Dealer with such other publicly available information
as the Dealer may reasonably request for the purpose of its on-going credit review of the
Company. Dealer agrees that except as required by law, it shall not release any non-public
information provided by the Company without the Company’s prior written consent and such
information shall remain confidential.

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	 	 	(b) The Dealer agrees to furnish all Offering Materials to the Company for its written
approval prior to the use thereof in offering the Notes. The Dealer shall not use any
Offering Materials until it has received written approval from the Company of such Offering
Materials, or a limited approval specifying exceptions to the approval. No materials other
than the Offering Materials submitted to the Company for approval will be used to offer the
Notes. The Company’s approval shall not apply to information not relating to the Company
provided by the Dealer for inclusion in the Offering Materials, and the Dealer’s use of
Offering Materials containing information not approved by the Company shall constitute the
Dealer’s approval of such information. A written approval by the Company shall constitute a
representation that the Offering Materials, as to that portion specifically approved, do
not contain an untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements therein, in light of the circumstances under
which they are made, not misleading.
	 
	6.	 	Repetition of Representations and Warranties. Each sale of Notes by the Company
hereunder shall be deemed to be a representation and warranty by it that, as of the date of
such sale, (a) the representations, warranties and covenants of the Company contained in
Sections 4 and 5(b), are true and correct, and (b) the Issuing and Paying Agent has not
resigned, or been terminated or replaced.
	 
	7.	 	Conditions Precedent to Dealer’s Obligations. As conditions precedent to any
obligations of the Dealer hereunder, the Company shall furnish to the Dealer the following
documents, in form and substance satisfactory to the Dealer: (a) a true and complete copy of
the Issuing and Paying Agency Agreement; (b)(i) a certified copy of resolutions, duly adopted
by the Board of Directors of the Company authorizing the issuance and sale of the Notes and
(ii) a certificate as to the incumbency and signatures of certain officers authorized to act
on behalf of the Company; and the acceptance by the Company of proceeds from each sale of
Notes hereunder shall be deemed to constitute a representation and warranty by the Company
that such certificates are accurate and complete and that such resolutions are in full force
and effect, in each case, as of the date of such acceptance of proceeds; and (c) an opinion of
counsel to the Company, in the form attached hereto as Exhibit A.
	 
	8.	 	Covenants of the Company. The Company covenants and agrees that: (a) for the benefit
of the Dealer and the holders from time to time of the Notes, the Company will not permit to
become effective any amendment, supplement, rider, waiver or consent to the Issuing and Paying
Agency Agreement or any document prepared in connection therewith might adversely affect the
interests of the holder of any Note then outstanding. The Company will give the Dealer written
notice of any such proposed amendment, supplement, rider, waiver or consent at least ten days
prior to the effective date thereof and (b) the Company agrees to furnish prior notice to the
Dealer of any proposed resignation, termination or replacement of the Issuing and Paying
Agent.

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	9.	 	Indemnification. (a) The Company will indemnify and hold harmless the Dealer and any
affiliate, director, officer, employee or agent of the Dealer and any party who “controls” the
Dealer within the meaning of Section 15 of the 1933 Act (each, an “Indemnified Party”) against
any and all liabilities, losses, damages, claims, costs and expenses (including, without
limitation, reasonable fees and disbursements of counsel) (i) arising out of or based upon any
allegation that any portions of any Offering Material approved in writing by the Company or
any information provided to the Dealer hereunder by the Company specifically for inclusion in
the Offering Materials includes an untrue statement of a material fact or omits to state any
material fact necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading; provided, however, that such indemnification shall not
apply to the extent that the liability, loss, damages, claims, costs and expenses arise from
(1) the inclusion by any Indemnified Party in any Offering Material of statements that have
not been approved by the Company pursuant to Section 5 of this Agreement, (2) an untrue
statement of a material fact or an omission to state any material fact necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading;
to the extent that the liability, loss, damages, claims, costs and expenses arise by reason of
the failure of the Indemnified Party to provide Offering Materials in connection with the
offering of the Notes and such failure of delivery by the Indemnified Party of the Offering
Materials would have caused such untrue statement or omission to give rise to such liability,
loss, damages, claims, cost or expense.

	 	 	(b) The Dealer shall promptly notify the Company in writing of any action or claim asserted
against any Indemnified Party as to which indemnification may be required. The Company
shall thereupon assume the defense thereof, including the employment of counsel and the
payment of all expenses. The Company shall have no obligation to indemnify against any
settlement, costs or expenses incurred prior to the delivery of written notice of a claim
to the Company. The Dealer (but not other Indemnified Parties) shall have the right to
employ separate counsel and to participate in the defense thereof, but such participation
shall be at the Dealer’s expense, unless (i) the Company has specifically authorized in
writing the retention of such counsel, (i) the Company has failed to assume the defense and
employ counsel after the delivery by the Dealer of written notice as provided above, or
(iii) the named parties include the Dealer and the Company, and counsel shall have advised
in a written legal opinion that representation of both parties by the same counsel would be
prohibited under applicable standards of professional conduct due to actual or potential
differing interests between them (in which case the Company shall not assume the defense,
provided that Company shall not be responsible for the fees of more than one separate firm
of attorneys for all actions arising out of the same general allegations or circumstances
in any one jurisdiction and such counsel shall be satisfactory to the Company which
approval shall not be reasonably withheld). The Company shall not be liable for any
settlement of any such action or claim affected without its prior written consent, but if
settled with written consent or if there is a final judgment, the Company

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	 	 	agrees to indemnify and hold harmless the Dealer against any loss or liability by reason of
such approved settlement or judgment.

	 	 	(c) The Dealer will indemnify and hold harmless the Company against any and all losses,
claims, damages, liabilities costs and expenses arising out of or are based upon any
allegations that written information approved by the Dealer for use in the Offering
Material including untrue statements. This indemnity obligation is in addition to any
liability that the Dealer will otherwise have. If any claim is brought against the Company,
the Dealer shall have the same rights and duties given to the Company and the Company shall
have the same rights and duties given to the Dealer by paragraph (b) above.

	 	 	(d) If the indemnification provided for in this section is unavailable, or insufficient to
hold harmless an indemnified party hereunder, then each indemnifying party, in lieu of
indemnifying such indemnified party, shall contribute to the amount paid or payable by such
indemnified party as a result of such losses, claims, liabilities, or expenses referred to
in Subsection (a) and (b) above (i) in such proportion as is appropriate to reflect the
relative benefits received by the Company on one hand and the Dealer on the other from the
offering of the Notes, or (ii) if the allocation provided in (i) above is not permitted
pursuant to applicable law (or to the extent that the contribution allocated is
unobtainable from one or more contributing parties), in such proportion as is appropriate
to reflect not only the relative benefits referred to in (i) above, but also the relative
fault of the Company on the one hand and the Dealer on the other in connection with the
statements or omissions which resulted in such losses, claims, damages, liabilities or
expenses, as well as other relevant equitable considerations. The relative benefits
received by the Dealer on the one hand and the Company on the other shall be deemed to be
in the same proportion as the total net proceeds from the Note offering (before deducting
expenses) received by the Company bear to the total fees received by the Dealer. The
relative fault of the Company on the one hand and of the Dealer on the other shall be
determined by reference to, among other things, whether the claim relates to information in
the Offering Materials approved by the Dealer or the Company and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent the
statement or action that is the basis for the claim.

	10.	 	Compensation. The Dealer shall be entitled to compensation in the amounts mutually
agreed upon (orally or in writing) between the Company and the Dealer from time to time.
	 
	11.	 	Notices. All notices required or permitted under the terms and provisions hereof
shall be in writing (which shall include facsimile transmission with receipt confirmed) and
shall, unless otherwise provided herein, be effective when received at the address specified
below or at such other address as shall be specified in a notice furnished hereunder.

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     If to the Company:

			
	               	 	Harris Corporation

1025 West NASA Boulevard

Melbourne, Florida 32919

Attention: Charles J. Greene

Tel. No.: (321) 727-9268

Facsimile No.: (321) 727-9648

     If to the Dealer:

			
	               	 	Banc of America Securities LLC

600 Montgomery Street

CA5-801-15-31

San Francisco, CA 94111

Attention: Money Market Origination

Telephone number: (415) 913-3689

Fax number: (415) 913-6288

	12.	 	Miscellaneous. This Agreement is to be delivered and performed, and shall be
construed and enforced in accordance with, and the rights of the parties shall be governed by,
the internal laws of the State of New York.
	 
	 	 	(a) The Company agrees that any suit, action or proceeding brought by the company against
the Dealer in connection with or arising out of this Agreement or the offer and sale of
Notes shall be brought solely in federal or state court, located in the Borough of
Manhattan, City and State of New York.
	 
	 	 	(b) This Agreement may be terminated, at any time, by the Company, upon notice to such
effect to the Dealer, or by the Dealer, upon notice to such effect to the Company. Any such
termination, however, shall not affect the obligations of the Company under Sections 9 and
10 hereof or the rights or responsibilities of the parties arising prior to the termination
of this Agreement.
	 
	 	 	(c) This Agreement may not be assigned by the Company without the prior consent of the
Dealer and any such assignment without such consent shall be null and void. This Agreement
may be assigned or transferred by the Dealer to any affiliate of the Dealer upon at least
30 days prior written notice to the Company.
	 
	 	 	(d) This Agreement may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument and any party hereto may execute this
Agreement by signing one or more counterparts.

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IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above
written.

	 	 	 	 	 
	 	BANC OF AMERICA SECURITIES LLC

 	 
	 	By:  	/s/
Terry Spenst
 	 
	 	 	Terry Spenst 	 
	 	 	Title: Managing Director	 
	 	 	 	 
	 
	 	HARRIS CORPORATION

 	 
	 	By:  	/s/ Charles J. Greene
 	 
	 	 	Charles J. Greene 	 
	 	 	Title:  	Vice President

Tax and Treasurer 	 
	 

8EX-10.3 Commercial Paper Dealer Agreement with Sun

 

EXHIBIT
10.3

COMMERCIAL PAPER DEALER AGREEMENT

THIS COMMERCIAL PAPER DEALER AGREEMENT, dated as of June 14, 2007, between SUNTRUST CAPITAL
MARKETS, INC. (the “Dealer”) and HARRIS CORPORATION (the “Company”).

WHEREAS, the Company desires to issue its short-term promissory notes in the United States
commercial paper market,

WHEREAS, the Company has requested the Dealer to act on a non-exclusive basis as a dealer therefor
and the Dealer has indicated its willingness to do so on the terms and conditions contained herein,

NOW THEREFORE, the Dealer and the Company hereby agree as follow:

	1.	 	The Notes. The term “Notes” means short-term promissory notes of the Company, each
such note (a) having a maturity at the time of issuance of not more than 270 days (exclusive
of days of grace) and (b) not containing any provision for automatic “rollover”. The proceeds
from the sale of the Notes will be used by the Company for “current transactions” within the
meaning of Section 3(a)(3) of the Securities Act of 1933, as amended (the “1933 Act”). The
Notes will be issued in such face or principal amounts (but not less than $100,000 each) and
will bear such interest rates (if interest-bearing) or be sold at such discounts, if any, from
their face amounts, as shall be approved in writing in advance by the Company in its sole
discretion. Nothing herein shall limit or otherwise affect the ability of the Company to
issue, place and/or sell short-term promissory notes which are issued in reliance on an
exemption from registration under the 1933 Act other than that provided by Section 3(a)(3)
thereof.

	2.	 	Appointment of Dealer. The Company hereby appoints the Dealer to be a non-exclusive
dealer in respect of the Notes and the Dealer accepts such appointment subject to the terms
and conditions set forth herein. Although (a) the Company has and shall have no obligation to
permit the Dealer to purchase any Notes or arrange any sale of Notes for the account of the
Company, and (b) the Dealer has and shall have no obligation to purchase any Notes or arrange
any sale of Notes for the account of the Company, the parties hereto agree that any purchase
of Notes by the Dealer and any sale of Notes arranged by the Dealer will be effected in
reliance on, among other things, the representations, warranties, covenants and agreements of
the Company contained herein or made pursuant hereto and on the terms and conditions and in
the manner herein. From time to time, the Company shall give the Dealer prior written notice
of the entity serving as the issuing and paying agent for the Notes (the “Issuing and Paying
Agent”). The appointment of the Dealer hereunder is non-exclusive; and, without limiting the
generality of the foregoing: (i) the Company currently has appointed, and may at any time or
from time to time appoint, one or more other dealers for the Notes; and (ii) the Company may
at any time or from time to time sell Notes directly to investors.

 

 

	3.	 	Issuance of Notes. (a) Prior to or on the date of a proposed issuance of Notes which
are to be purchased (or the purchase of which is to be arranged) by the Dealer, the Dealer and
the Company shall confer as to the face or principal amounts, maturities and denominations
thereof, the applicable interest rates or the discounts from the face amounts, at which the
Notes are to be issued. When the Company has approved such issuance in writing, the Dealer
will instruct the Issuing and Paying Agent to deliver executed and countersigned Notes to the
persons specified by the Dealer on the date of issuance. (b) The authentication and delivery
of Notes pursuant hereto by the Issuing and Paying Agent shall constitute the issuance of such
Notes by the Company. The Company agrees that (i) signed Notes in bearer form shall be
delivered to the Issuing and Paying Agent and (ii) instructions to the Issuing and Paying
Agent to complete, authenticate and deliver such Notes shall be made in the manner prescribed
in the agreement between the Company and the Issuing and Paying Agent (as amended from time to
time, the “Issuing and Paying Agency Agreement”). Notwithstanding the above provisions, in the
event that the Company elects to issue Notes in book entry form through The Depositary Trust
Company (“DTC”), delivery of Notes shall be effected pursuant to the procedures in effect from
time to time at DTC with respect to commercial paper notes.

	4.	 	Representations and Warranties. The Company represents and warrants: (a) the Company
is a duly organized and validly existing corporation in good standing under the laws of the
state of its incorporation and has the corporate power and authority to execute and deliver
this Agreement, the Issuing and Paying Agency Agreement and the Notes, and to perform and
observe the conditions hereof and thereof (b) the execution and delivery and performance of
this Agreement and the Issuing and Paying Agency Agreement and the issuance and sale of the
Notes have been duly authorized by the Company, and this Agreement and the Issuing and Paying
Agency Agreement constitute, and when the Notes have been duly executed by the Company and
authenticated and delivered by the Issuing and Paying Agent against payment therefor, such
Notes will constitute, legal, valid and binding obligations of the Company, enforceable in
accordance with their terms, except as limited by bankruptcy, insolvency or other similar laws
relating to or affecting generally creditors’ rights or by general equitable principles, or by
applicable federal or state securities laws; (c) no consent or action of, or filing or
registration with, any governmental or public regulatory body or authority is required to
authorize, or is otherwise required to be obtained by the Company in connection with, the
execution, delivery or performance of this Agreement, the Issuing and Paying Agency Agreement
or the Notes, except such as have already been obtained and such others the failure to obtain
of which will not affect the validity or enforceability of any such document or have a
material adverse effect on the consolidated financial condition of the Company and its
subsidiaries considered as a whole; (d) neither the execution and delivery by the Company of
this Agreement, the Issuing and Paying Agency Agreement or the Notes, nor the fulfillment of
or compliance with the terms and provisions hereof or thereof by

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	 	 	the Company, will (i) result in the creation or imposition of any mortgage, lien, charge or
encumbrance of any nature whatsoever upon any of the properties or assets of the Company;
(ii) violate any of the terms of the Company’s charter documents or By-laws, or (iii)
breach or violate any contract or instrument to which the Company is a party or to which it
or its property is bound, or any law or regulation or any order, writ, injunction or decree
of any court or governmental instrumentality, to which the Company is subject or by which
it or its property is bound which, in the case of any of the foregoing clauses (i) or (iii)
would have a material adverse effect on the consolidated financial condition of the Company
and its subsidiaries considered as a whole; (e) each Note issued by the Company pursuant to
the terms hereof and of the Issuing and Paying Agency Agreement is exempt from the
registration requirements of the 1933 Act by reason of Section 3(a)(3) thereof, and neither
registration of the Notes under the 1933 Act nor qualification of an indenture under the
Trust Indenture Act of 1939, as amended, with respect to the Notes will be required in
connection with the offer, issuance, sale or delivery of the Notes in accordance with the
terms hereof and of the Issuing and Paying Agency Agreement; (f) the Company is neither an
“investment company” nor a “company controlled by an investment company” within the meaning
of the Investment Company Act of 1940, as amended; and (g) there are no actions, suits,
proceedings, or investigations pending or, to its knowledge, threatened, against the
Company or any of its officers, directors or persons who controls the Company (within the
meaning of Section 15 of the 1933 Act or Section 20 of the Securities Exchange Act of 1934,
as amended) or to which any property of the Company is subject, which could in any way
materially and adversely affect the validity or enforceability of this Agreement, the
Issuing and Paying Agency Agreement or the Notes.
	 
	5.	 	Offering Materials. (a) The Company understands that, in connection with the sale of
the Notes, certain materials relating to the Company and its affiliates may be prepared
(collectively referred to herein as the “Offering Materials”), which are distributed to
purchasers and prospective purchasers of the Notes. To provide a basis for the preparation of
the Offering Materials and to assist the Dealer’s normal credit review procedures, the Company
shall provide the Dealer (if the Dealer is unable to obtain the same on its own) with copies
of (i) its most recent reports of the Company on Forms 10-Q and 10-K filed with the Securities
and Exchange Commission (“SEC”), (ii) its most recent annual audited financial statements and
each interim financial statements or report prepared subsequent thereto, and (iii) other
publicly available recent reports, if any, provided to its respective shareholders. In
addition, the Company will provide the Dealer with such other publicly available information
as the Dealer may reasonably request for the purpose of its on-going credit review of the
Company. Dealer agrees that except as required by law, it shall not release any non-public
information provided by the Company without the Company’s prior written consent and such
information shall remain confidential.

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	 	 	(b) The Dealer agrees to furnish all Offering Materials to the Company for its written
approval prior to the use thereof in offering the Notes. The Dealer shall not use any
Offering Materials until it has received written approval from the Company of such Offering
Materials, or a limited approval specifying exceptions to the approval. No materials other
than the Offering Materials submitted to the Company for approval will be used to offer the
Notes. The Company’s approval shall not apply to information not relating to the Company
provided by the Dealer for inclusion in the Offering Materials, and the Dealer’s use of
Offering Materials containing information not approved by the Company shall constitute the
Dealer’s approval of such information. A written approval by the Company shall constitute a
representation that the Offering Materials, as to that portion specifically approved, do
not contain an untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements therein, in light of the circumstances under
which they are made, not misleading. If, at any time during the term of this Agreement,
the Company becomes aware of any untrue statement of a material fact or material omission
in its Securities and Exchange Commission filings which are incorporated by reference in
the Offering Materials, the Company will promptly notify the Dealer to cease trading the
Notes.
	 
	6.	 	Repetition of Representations and Warranties. Each sale of Notes by the Company
hereunder shall be deemed to be a representation and warranty by it that, as of the date of
such sale, (a) the representations, warranties and covenants of the Company contained in
Sections 4 and 5(b), are true and correct, and (b) the Issuing and Paying Agent has not
resigned, or been terminated or replaced.
	 
	7.	 	Conditions Precedent to Dealer’s Obligations. As conditions precedent to any
obligations of the Dealer hereunder, the Company shall furnish to the Dealer the following
documents, in form and substance satisfactory to the Dealer: (a) a true and complete copy of
the Issuing and Paying Agency Agreement; (b)(i) a certified copy of resolutions, duly adopted
by the Board of Directors of the Company authorizing the issuance and sale of the Notes and
(ii) a certificate as to the incumbency and signatures of certain officers authorized to act
on behalf of the Company; and the acceptance by the Company of proceeds from each sale of
Notes hereunder shall be deemed to constitute a representation and warranty by the Company
that such certificates are accurate and complete and that such resolutions are in full force
and effect, in each case, as of the date of such acceptance of proceeds; and (c) an opinion of
counsel to the Company, in the form attached hereto as Exhibit A.
	 
	8.	 	Covenants of the Company. The Company covenants and agrees that: (a) for the benefit
of the Dealer and the holders from time to time of the Notes, the Company will not permit to
become effective any amendment, supplement, rider, waiver or consent to the Issuing and Paying
Agency Agreement or any document prepared in connection therewith might adversely affect the
interests of the holder of any Note then outstanding. The Company will give the Dealer written
notice of any such proposed amendment, supplement, rider, waiver or consent at least ten days

4

 

	 	 	prior to the effective date thereof and (b) the Company agrees to furnish prior notice to
the Dealer of any proposed resignation, termination or replacement of the Issuing and
Paying Agent.
	 
	9.	 	Indemnification. (a) The Company will indemnify and hold harmless the Dealer and any
affiliate, director, officer, employee or agent of the Dealer and any party who “controls” the
Dealer within the meaning of Section 15 of the 1933 Act (each, an “Indemnified Party”) against
any and all liabilities, losses, damages, claims, costs and expenses (including, without
limitation, reasonable fees and disbursements of counsel) (i) arising out of or based upon any
allegation that any portions of any Offering Material approved in writing by the Company or
any information provided to the Dealer hereunder by the Company specifically for inclusion in
the Offering Materials includes an untrue statement of a material fact or omits to state any
material fact necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading; provided, however, that such indemnification shall not
apply to the extent that the liability, loss, damages, claims, costs and expenses arise from
(1) the inclusion by any Indemnified Party in any Offering Material of statements that have
not been approved by the Company pursuant to Section 5 of this Agreement, (2) an untrue
statement of a material fact or an omission to state any material fact necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading;
to the extent that the liability, loss, damages, claims, costs and expenses arise by reason of
the failure of the Indemnified Party to provide Offering Materials in connection with the
offering of the Notes and such failure of delivery by the Indemnified Party of the Offering
Materials would have caused such untrue statement or omission to give rise to such liability,
loss, damages, claims, cost or expense.
	 
	 	 	(b) The Dealer shall promptly notify the Company in writing of any action or claim asserted
against any Indemnified Party as to which indemnification may be required. The Company
shall thereupon assume the defense thereof, including the employment of counsel and the
payment of all expenses. The Company shall have no obligation to indemnify against any
settlement, costs or expenses incurred prior to the delivery of written notice of a claim
to the Company. The Dealer (but not other Indemnified Parties) shall have the right to
employ separate counsel and to participate in the defense thereof, but such participation
shall be at the Dealer’s expense, unless (i) the Company has specifically authorized in
writing the retention of such counsel, (i) the Company has failed to assume the defense and
employ counsel after the delivery by the Dealer of written notice as provided above, or
(iii) the named parties include the Dealer and the Company, and counsel shall have advised
in a written legal opinion that representation of both parties by the same counsel would be
prohibited under applicable standards of professional conduct due to actual or potential
differing interests between them (in which case the Company shall not assume the defense,
provided that Company shall not be responsible for the fees of more than one separate firm
of attorneys for all actions arising out of the same general allegations or circumstances
in any one

5

 

	 	 	jurisdiction and such counsel shall be satisfactory to the Company which approval shall not
be reasonably withheld). The Company shall not be liable for any settlement of any such
action or claim affected without its prior written consent, but if settled with written
consent or if there is a final judgment, the Company agrees to indemnify and hold harmless
the Dealer against any loss or liability by reason of such approved settlement or judgment.
	 
	 	 	(c) The Dealer will indemnify and hold harmless the Company against any and all losses,
claims, damages, liabilities costs and expenses arising out of or are based upon any
allegations that written information approved by the Dealer for use in the Offering
Material including untrue statements. This indemnity obligation is in addition to any
liability that the Dealer will otherwise have. If any claim is brought against the Company,
the Dealer shall have the same rights and duties given to the Company and the Company shall
have the same rights and duties given to the Dealer by paragraph (b) above.
	 
	 	 	(d) If the indemnification provided for in this section is unavailable, or insufficient to
hold harmless an indemnified party hereunder, then each indemnifying party, in lieu of
indemnifying such indemnified party, shall contribute to the amount paid or payable by such
indemnified party as a result of such losses, claims, liabilities, or expenses referred to
in Subsection (a) and (b) above (i) in such proportion as is appropriate to reflect the
relative benefits received by the Company on one hand and the Dealer on the other from the
offering of the Notes, or (ii) if the allocation provided in (i) above is not permitted
pursuant to applicable law (or to the extent that the contribution allocated is
unobtainable from one or more contributing parties), in such proportion as is appropriate
to reflect not only the relative benefits referred to in (i) above, but also the relative
fault of the Company on the one hand and the Dealer on the other in connection with the
statements or omissions which resulted in such losses, claims, damages, liabilities or
expenses, as well as other relevant equitable considerations. The relative benefits
received by the Dealer on the one hand and the Company on the other shall be deemed to be
in the same proportion as the total net proceeds from the Note offering (before deducting
expenses) received by the Company bear to the total fees received by the Dealer. The
relative fault of the Company on the one hand and of the Dealer on the other shall be
determined by reference to, among other things, whether the claim relates to information in
the Offering Materials approved by the Dealer or the Company and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent the
statement or action that is the basis for the claim.
	 
	10.	 	Compensation. The Dealer shall be entitled to compensation in the amounts mutually
agreed upon (orally or in writing) between the Company and the Dealer from time to time.
	 
	11.	 	Notices. All notices required or permitted under the terms and provisions hereof
shall be in writing (which shall include facsimile transmission with receipt

6

 

	  	 	confirmed) and shall, unless otherwise provided herein, be effective when received at the
address specified below or at such other address as shall be specified in a notice
furnished hereunder.

     If to the Company:

			
	               	 	Harris Corporation

1025 West NASA Boulevard

Melbourne, Florida 32919

Attention: Charles J. Greene

Tel. No.: (321) 727-9268

Facsimile No.: (321) 727-9648

     If to the Dealer:

			
	               	 	SunTrust Capital Markets, Inc.

303 Peachtree Street, 23rd Floor

GA-ATL-3924

Atlanta, GA 30308

Attention: Money Market Origination

Tel. No.: (404) 588-8445

Facsimile No.: (404) 588-7005

	12.	 	Miscellaneous. This Agreement is to be delivered and performed, and shall be
construed and enforced in accordance with, and the rights of the parties shall be governed by,
the internal laws of the State of New York.
	 
	 	 	(a) The Company agrees that any suit, action or proceeding brought by the company against
the Dealer in connection with or arising out of this Agreement or the offer and sale of
Notes shall be brought solely in federal or state court, located in the Borough of
Manhattan, City and State of New York.
	 
	 	 	(b) This Agreement may be terminated, at any time, by the Company, upon notice to such
effect to the Dealer, or by the Dealer, upon notice to such effect to the Company. Any such
termination, however, shall not affect the obligations of the Company under Sections 9 and
10 hereof or the rights or responsibilities of the parties arising prior to the termination
of this Agreement.
	 
	 	 	(c) This Agreement may not be assigned by the Company without the prior consent of the
Dealer and any such assignment without such consent shall be null and void. This Agreement
may be assigned or transferred by the Dealer to any affiliate of the Dealer upon at least
30 days prior written notice to the Company.
	 
	 	 	(d) This Agreement may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument and any party hereto may execute this
Agreement by signing one or more counterparts.

7

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above
written.

	 	 	 	 	 
	 	SUNTRUST CAPITAL MARKETS, INC.

 	 
	 	By:  	/s/ Bethany Bowman
 	 
	 	 	Bethany Bowman 	 
	 	 	Vice President 	 
	 
	 	HARRIS CORPORATION

 	 
	 	By:  	/s/ Charles J. Greene
 	 
	 	 	Charles J. Greene 	 
	 	 	Title:  	Vice President

Tax and Treasurer 	 
	 

8

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