Document:

exv4w3

Exhibit 4.3

[Form of Series I Note]

NRP (Operating) LLC

5.03% Senior Note, Series I, Due December 1, 2026

			
	 	 	 
	No. RI— [_____]
	 	[Date]
	$[____________]
	 	PPN 62963# AJ0

     For Value Received, the undersigned, NRP (Operating) LLC (herein called the
“Company”), a limited liability company organized and existing under the laws of the State of
Delaware, hereby promises to pay to [________________], or registered assigns, the principal sum of
[________________] Dollars on December 1, 2026, with interest (computed on the basis of a
360-day year of twelve 30-day months) (a) on the unpaid balance thereof at the rate of 5.03% per
annum from the date hereof, payable semi-annually, on the 1st day of June and December in
each year, commencing with the June or December next succeeding the date hereof (except that the
first interest payment hereon after the date of initial issuance hereof shall be December 1, 2011),
until the principal hereof shall have become due and payable, and (b) to the extent permitted by
law on any overdue payment (including any overdue prepayment) of principal, any overdue payment of
interest and any overdue payment of any Make-Whole Amount (as defined in the Supplement referred to
below), payable semi-annually, as aforesaid (or, at the option of the registered holder hereof, on
demand), at a rate per annum from time to time equal to the greater of (i) 7.03% or (ii) 2% over
the rate of interest publicly announced by Citibank, N.A. from time to time in New York, New York
as its “base” or “prime” rate.

     Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are
to be made in lawful money of the United States of America at Citibank, N.A. or at such other place
as the Company shall have designated by written notice to the holder of this Note as provided in
the Note Purchase Agreements.

     This Note is one of a series of Senior Notes (herein called the “Notes”) issued pursuant to
that certain Fourth Supplement dated as of April 20, 2011 (as from time to time amended and
supplemented, the “Supplement”) to Note Purchase Agreements, dated as of June 19, 2003, as from
time to time amended and supplemented, between the Company and the respective Purchasers named
therein and is entitled to the benefits thereof. Each holder of this Note will be deemed, by its
acceptance hereof, (i) to have agreed to the confidentiality provisions set forth in Section 20 of
the Note Purchase Agreements and (ii) to have made the representation set forth in Section 14(b) of
the Supplement.

     This Note is a registered Note and, as provided in the Note Purchase Agreements, upon
surrender of this Note for registration of transfer, duly endorsed, or accompanied by a written
instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney
duly authorized in writing, a new Note for a like principal amount will be issued to, and
registered in the name of, the transferee. Prior to due presentment for registration of transfer,
the Company may treat the person in whose name this Note is registered as the owner hereof for the

 

 

purpose of receiving payment and for all other purposes, and the Company will not be affected by
any notice to the contrary.

     The Company will make required prepayments of principal on the dates and in the amounts
specified in the Supplement. This Note is also subject to optional prepayment, in whole or from
time to time in part, at the times and on the terms specified in the Supplement, but not otherwise.

     If an Event of Default, as defined in the Note Purchase Agreements, occurs and is continuing,
the principal of this Note may be declared or otherwise become due and payable in the manner, at
the price (including any applicable Make-Whole Amount (as defined in the Supplement)) and with the
effect provided in the Note Purchase Agreements.

     This Note is guaranteed pursuant to the Subsidiary Guarantee dated June 19, 2003 as, from time
to time, supplemented and amended.

     This Note shall be construed and enforced in accordance with, and the rights of the Company
and the holder of this Note shall be governed by, the law of the State of New York excluding
choice-of-law principles of law of such State that would require the application of the laws of a
jurisdiction other than such State.

	 	 	 	 	 

	 	 	NRP (Operating) LLC
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:exv10w1

    Exhibit 10.1

 

    AMENDED
    AND RESTATED 1998 DIRECTORS STOCK OPTION PLAN FOR

    NON-EMPLOYEE DIRECTORS OF L-3 COMMUNICATIONS HOLDINGS,
    INC.

 

    AMENDMENT TO NONQUALIFIED STOCK OPTION AGREEMENTS

 

    WHEREAS, L-3 Communications Holdings, Inc. (“L-3”) has
    previously maintained the Amended And Restated
    1998 Directors Stock Option Plan for Non-Employee Directors
    of L-3 Communications Holdings, Inc. (the “Plan”);

 

    WHEREAS, L-3 granted stock options under the Plan to John M.
    Shalikashvili on April 22, 2002, April 27, 2004,
    April 26, 2005, April 25, 2006, April 2, 2007 and
    April 1, 2008, the terms of which were governed by
    individual Nonqualified Stock Option Agreements entered into on
    the applicable grant dates (collectively, the “Stock Option
    Agreements”); and

 

    WHEREAS, on April 26, 2011, the Compensation Committee of
    the Board of Directors of L-3, acting pursuant to
    Section 10(a) of the Plan, approved the amendment of the
    Stock Option Agreements as contemplated hereunder.

 

    NOW THEREFORE, effective as of April 26, 2011, each of the
    Stock Option Agreements is amended as follows:

 

		
	    1. 	
    Section 6 is deleted in its entirety and replaced with the
    following:

 

			
	 	    6. 
	
    Effect of Certain Events on the Option.

 

    In the event of the Optionee’s death, the Option shall
    become immediately fully exercisable as to 100% of the Shares
    subject to the Option, and the executor or administrator of the
    estate of the Optionee or the person or persons to whom the
    Option shall have been validly transferred by the executor or
    the administrator pursuant to will or the laws of descent or
    distribution shall have the right at any time during the
    Exercise Term to exercise the Option, subject to any other
    limitation contained herein on the exercise of the Option in
    effect at the date of exercise. If the Optionee is removed as a
    director of the Company for cause, the Option shall terminate as
    of the effective date of termination of the Optionee’s
    service as a director, whether or not exercisable. The Option
    shall not be affected by any other termination of the
    Optionee’s service as a director, whether as a result of a
    resignation, disability or otherwise.

 

		
	    2. 	
    The last sentence of Section 7 is deleted and replaced with
    the following:

 

    After the death of the Optionee, any exercisable portion of the
    Option may be exercised by the Optionee’s personal
    representative or by any person empowered to do so under the
    Optionee’s will or under the then applicable laws of
    descent and distribution.

 

			
	 	    By:
	
    L-3 COMMUNICATIONS HOLDINGS, INC.

 

    

 

    Michael T. Strianese

    President and Chief Executive Officer

 

    

 

    Steven M. Post

    Senior Vice President, General Counsel and

    Corporate Secretaryexv10w2

    Exhibit 10.2

 

    PROFESSIONAL
    SERVICES AGREEMENT

 

    WHEREAS, effective April 27, 2011, L-3 Communications
    Holdings Inc. (hereinafter “L-3”) and John M.
    Shalikashvili (hereinafter “Consultant”), desire
    to enter into a consulting agreement pursuant to which the
    Consultant will act as a consultant to
    L-3, on the
    terms and subject to the conditions set forth in this agreement:

 

    NOW THEREFORE, in consideration for these premises, the
    parties agree as follows:

 

		
	    1. 
	    ATTACHMENTS. Any Attachments to this Professional
    Services Agreement referenced herein are fully incorporated and
    form a part of this agreement (hereinafter,
    “Agreement”).

	 
	    2. 
	    CONSULTING ARRANGEMENT. L-3 hereby retains the
    Consultant, and the Consultant hereby agrees to serve as a
    consultant to L-3, on the terms and subject to the conditions of
    this Agreement. The Consultant will, from time to time and at
    the request of
    L-3 upon
    reasonable advance notice, assist L-3, including by providing
    advice with respect to the business of L-3, its strategic
    business plan and such other matters as may be reasonably
    requested by L-3. It is understood that such consulting services
    shall be incidental to, and shall not interfere with, the other
    business activities and commitments of the Consultant which are
    permitted pursuant to Section 7 below. The Consultant shall
    not be required to travel, except at his convenience, in
    performing services hereunder. In addition, so long as the
    Consultant continues to provide consulting services pursuant to
    this Agreement, Consultant shall have the title “Director
    Emeritus of L-3”.

	 
	    3. 
	    TERM OF AGREEMENT. This Agreement is intended to
    be a master set of terms and conditions between L-3 and
    Consultant. This Agreement shall be effective upon execution
    hereof for a term of one year from the date hereof and shall be
    renewable annually at L-3’s written request. This Agreement
    and Consultant’s retention hereunder may be terminated by
    either party on 30 days advance written notice. In the
    event of a termination of the consulting term for any reason,
    neither L-3 nor the Consultant shall have any further
    obligations hereunder.

	 
	    4. 
	    COMPENSATION.  

 

			
	 	    4.1 
	
    The Consultant’s compensation for his services will consist
    of an annual retainer of $210,000. The annual retainer is
    payable quarterly in arrears on March 1, June 1,
    September 1 and December 1 of each year, provided that the
    Agreement has not been terminated prior to the applicable
    payment date.

	 
	 	    4.2 
	
    Consultant shall be responsible for taxes based upon
    Consultant’s income or any Federal, State or local
    employment taxes assessed to Consultant.

 

		
	    5. 
	    REIMBURSABLE EXPENSES. L-3 shall reimburse
    Consultant for reasonable out of pocket expenses incurred for
    meals, lodging, and travel, as set forth in Attachment A and for
    which funding has been previously authorized as part of an
    assigned task. Consultant shall invoice L-3 for actual,
    substantiated out of pocket expenses and L-3 shall pay
    Consultant net thirty (30) days after receipt of an
    undisputed invoice.

	 
	    6. 
	    WARRANTIES AND INDEMNITY. Consultant warrants the
    services provided to L-3 will be performed in a professional and
    competent manner.

	 
	    7. 
	    CONFIDENTIAL INFORMATION; NON-COMPETITION UNDERTAKING;
    ENGAGEMENTS WITH THIRD PARTIES. Consultant shall
    maintain proprietary, confidential and secret all L-3
    information which may be disclosed to Consultant as being
    proprietary, confidential and secret in nature, and Consultant
    shall not disclose this information to any other person
    (including L-3 employees in any other division, group, or
    entity), firm, or corporation. Consultant shall also maintain as
    confidential the “know-how” and future plans of L-3
    relating to the fields of endeavor in which Consultant performs
    investigations, evaluations, and services for L-3, as well as
    the nature of certain work projects to which Consultant is
    exposed, and the identity of persons working on those projects.
    If, in connection with its performance, Consultant discloses to
    L-3 any ideas, developments, or suggestions conceived or
    actually reduced to practice by Consultant prior to its
    performance hereunder, no relationship, proprietary or
    otherwise, express or implied, is established with L-3 by the
    disclosure, no obligation of any kind is assumed by, nor may be
    implied against L-3, unless a separate written contract
    regarding the subject of disclosure is consummated by the
    parties, and then the obligation shall be only as expressed in
    the separate contract.

 

			
	 	    7.3 
	
    Consultant agrees to refrain from making any disparaging or
    derogatory remarks, comments or publications regarding L-3 or
    any of its affiliates, predecessors or successors or any of
    their respective officers, directors, employees, products or
    services.

	 
	 	    7.4 
	
    Consultant hereby agrees that during the term of this Agreement
    and the 12-
    month period immediately thereafter, without the prior written
    consent of L-3, (i) he or she will not, directly or
    indirectly, either as principal, manager, agent, consultant,
    officer,

 

			
	 	
	
    stockholder, partner, investor, lender or employee or in any
    other capacity, carry on, be engaged in or have any financial
    interest in, any (a) entity which is in Competition with
    the business of L-3 or (b) Competitive Activity and
    (ii) he or she shall not, on his or her own behalf or on
    behalf of any person, firm or company, directly or indirectly,
    solicit or offer employment to any person who is or has been
    employed by L-3 at any time during the twelve (12) months
    immediately preceding such solicitation. For purposes of this
    Section 7.4: (A) an entity shall be deemed to be in
    “Competition” with L-3 if it is principally involved
    in the purchase, sale or other dealing in any property or the
    rendering of any service purchased, sold, dealt in or rendered
    by L-3 as a part of the business of L-3 within the same
    geographic area in which L-3 effects such sales or dealings or
    renders such services at the Relevant Date; and
    (B) “Competitive Activity” shall mean any
    business into which L-3 has taken substantial steps to engage,
    as of the Relevant Date, which would be deemed to be in
    Competition with the business of L-3 if such steps had been
    completed prior to the Relevant Date; and (C) the term
    “Relevant Date” shall mean each date during the term
    of this Agreement through (and including) the effective date of
    termination of this Agreement. Notwithstanding the foregoing,
    nothing contained in this Section 7.4 shall
    (x) prohibit Consultant from serving as an officer,
    employee or independent consultant of any business unit or
    subsidiary which would not otherwise be in Competition with L-3
    or a Competitive Activity, but which business unit is a part of,
    or which subsidiary is controlled by, or under common control
    with, an entity that would be in competition with L-3, so long
    as Consultant does not engage in any activity which is in
    Competition with any business of L-3 or is otherwise a
    Competitive Activity or (y) be construed so as to preclude
    Consultant from investing in any publicly or privately held
    company, provided Consultant’s beneficial ownership of any
    class of such company’s securities does not exceed 5% of
    the outstanding securities of such class.

 

			
	 	    7.5 
	
    The parties hereto agree that the provisions of Section 7.4
    are reasonable. If a court determines, however, that any
    provision of Section 7.4 is unreasonable, either in period
    of time, geographical area or otherwise, then the parties hereto
    agree that the provisions of Section 7.4 should be
    interpreted and enforced to the maximum extent which such court
    deems reasonable.

	 
	 	    7.6 
	
    Subject to Section 7.4, Consultant shall have the right to
    accept employment
    and/or
    perform consulting work for one or more third parties, so long
    as such employment or work does not impair his ability to
    perform his responsibilities hereunder.

 

		
	    8. 	
    NOTICES. Written notice shall be sent to the
    parties by hand, by overnight carrier or by U.S. certified
    mail at the following address:

 

	 	 	 
	
    L-3 Communications Corporation

    600 Third Avenue

    New York, New York 10016

    Attention: General Counsel
	
 
	
    General (Ret.) John M. Shalikashvili

    55 Chapman Loop

    Steilacoom, WA 98388

 

		
	    9. 	
    CONFLICTING AGREEMENTS. Consultant warrants that
    it is not a party to any other existing agreement which would
    prevent Consultant from entering into this Agreement or which
    would adversely affect this Agreement.

 

		
	    10. 
	    INDEPENDENT CONTRACTOR. It is understood and
    agreed that Consultant shall be acting as an independent
    contractor and not as an agent or employee of L-3. Accordingly,
    the Consultant assumes all risks and hazards encountered in its
    performance of this agreement. Consultant shall not have the
    power or authority to create or modify any binding obligation or
    agreement on behalf of L-3, and Consultant shall not represent
    to any third party that he or she has such power or authority.
    Consultant acknowledges that he or she shall not participate in
    (and shall not receive any benefits or awards under) any
    L-3 employee benefit plans by virtue of this agreement.

	 
	    11. 
	    TERMINATION. The provisions of Sections 6, 7,
    and 14 shall survive termination of this Agreement.

	 
	    12. 
	    ETHICAL CONDUCT. It is acknowledged that any
    payment, gift, tip, meal, transportation, entertainment or other
    benefit or promise of a benefit provided to or paid for a
    U.S. Government employee by the Consultant other than
    pursuant to the limited authorized exceptions in the appropriate
    agency internal standard of conduct, is prohibited, whether or
    not the situation involved pertains to L-3 business.

 

    It is further acknowledged that when acting on behalf of L-3,
    the Consultant shall neither seek nor receive information from
    non-L-3 sources which could compromise L-3’s code of
    ethical conduct and associated policies, or the policies of the
    U.S. Government. If the Consultant comes into possession of
    information which is not appropriate for L-3 to possess under
    either L-3’s code of ethical conduct or the
    U.S. Government policies, the Consultant will not reveal
    such information to L-3.

 

    The Consultant agrees to comply fully with the procurement
    integrity provisions of the Office of Federal Procurement Policy
    Act (Procurement Integrity Act) and all regulations issued
    thereunder. Further, the Consultant agrees that it will execute
    such certifications as are required by L-3 or the Procurement
    Integrity Act and regulations issued thereunder regarding the
    Consultant’s compliance therewith.

    

    2

 

 

		
	    13. 	
    ACCESS TO L-3 FACILITIES. Consultant’s use
    and access to any applicable facility shall be subject to all
    L-3’s security, traffic, smoke free environment
    restrictions, as well as any other L-3 rules and regulations,
    and any and all other reasonable restrictions which L-3 may
    impose from time to time. Access may be limited to L-3’s
    normal hours of operations (excluding holidays and shutdown
    periods, if any). L-3 may limit or deny access to any other
    Consultant representatives.

 

    14. GENERAL.  

 

			
	 	    14.1 
	
    ASSIGNMENT OF SERVICES AGREEMENT. The Consultant may not
    assign any of its rights or obligations hereunder without the
    prior written consent of L-3. L-3 may assign its rights and
    obligations under this Agreement to any subsidiary, affiliate or
    successor in interest of L-3 without the consent of the
    Consultant. The Consultant shall be provided with written notice
    of such assignment. In all such cases, the assignment of this
    Agreement and the assumption of the rights and obligations
    thereunder shall be at no additional cost to L-3.

	 
	 	    14.2 
	
    FORCE MAJEURE. Neither party shall be liable for any
    delays resulting from acts of God, strikes, riots, acts of war,
    epidemics, or governmental regulations.

	 
	 	    14.3 
	
    NO PUBLICITY. Neither party hereto shall, without
    securing written consent of the other party, publicly announce
    the existence of this Agreement or advertise or release any
    publicity in regard thereto, except that L-3 and Consultant may
    disclose the terms of this Agreement to extent required by law
    or regulation, including in proxy statements and periodic
    reports filed with the Securities and Exchange Commission.

	 
	 	    14.4 
	
    BINDING AGREEMENT. This Agreement shall be binding upon
    and inure to the benefit of the successors and assigns of L-3
    and shall be binding upon and inure to the benefit of
    Consultant’s heirs, legal representatives, successors, and
    assigns.

	 
	 	    14.5 
	
    GOVERNING LAW; WAIVER OF JURY TRIAL. The validity,
    performance, and construction of this Agreement shall be
    governed by the laws of the State of New York, excluding
    conflicts of laws provisions. EACH PARTY HERETO HEREBY EXPRESSLY
    WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ALL RIGHTS TO
    TRIAL BY JURY IN ANY SUIT, LITIGATION, ACTION, PROCEEDING OR
    COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT OR OTHERWISE)
    ARISING OUT OF OR RELATING TO THIS AGREEMENT.

	 
	 	    14.6 
	
    SEVERABILITY. If any of the provisions or portions of
    this Agreement are invalid under any applicable statute or rule
    of law, they are to that extent to be deemed omitted.

	 
	 	    14.7 
	
    ASSIGNMENT. Except as otherwise provided in this
    Agreement, neither party shall assign or transfer any of its
    rights or obligations hereunder without the prior written
    consent of the other party hereto, which assignment shall not be
    unreasonably withheld, and any such attempted assignment shall
    be void.

	 
	 	    14.8 
	
    MERGER OF AGREEMENT. This Agreement constitutes the
    entire understanding between the parties relating to the subject
    matter hereof, and supersedes all previous communications,
    representations, or agreements, either oral or written, with
    respect to the subject matter hereof, and no representations or
    statements of any kind made by any representative of Consultant
    or L-3, which are not stated in this Agreement, shall be binding
    on Consultant or L-3. No addition to or modification of any
    provision of this Agreement shall be binding upon Consultant or
    L-3 unless made in writing and signed by the respective duly
    authorized representatives of Consultant and L-3.

	 
	 	    14.9 
	
    EQUITABLE RELIEF. Consultant acknowledges and agrees that
    money damages would not be an adequate remedy for any breach of
    his or her agreements contained in Section 7 hereof, and
    that in addition to any other remedies available to L-3,
    L-3 shall be
    entitled to the remedies of injunction, specific performance and
    other equitable relief for any threatened or actual breach of
    the agreements contained in such Section.

    

    3

 

    IN WITNESS WHEREOF, each of the parties hereto has caused
    this Agreement to be executed on its behalf by its duly
    authorized representative.

 

    Dated: April 27, 2011

 

    L-3 COMMUNICATIONS CORPORATION

 

			
	 	    By: 
	
        

    Name:     Michael T. Strianese

			
	 	    Title: 
	
    Chairman, President and Chief Executive Officer

 

    General (Ret.) John M. Shalikashvili

    

    4

 

    ATTACHMENT
    A

 

    TRAVEL &
    REIMBURSABLE EXPENSES

 

    Consultant will comply with the following practices when billing
    for direct
    out-of-pocket
    expenses.

 

		
	    1. 
	    Air transportation expenses: All approved travel
    should be booked using L-3’s Travel Service to minimize
    costs. L-3 will reimburse for first-class fares on domestic
    flights and business-class fares for international travel (first
    class is reimbursable for international travel only when
    approved in advance by L-3 Senior Management). Trips should also
    be booked as far in advance as possible to qualify for special
    air fare promotions and discount fares.

	 
	    2. 
	    Lodging expense: Consultant should coordinate with
    the L-3 contact designated in the applicable SOW, to identify
    hotels with whom L-3 has negotiated special rates, or when such
    accommodations are not available, use hotels where corporate
    discounts are offered.

	 
	    3. 
	    Meal expenses: The reasonable cost of meals on
    overnight trips is allowed while traveling on L-3’s behalf.
    When dining with
    L-3 employees,
    separate checks should be requested. Entertainment, such as
    theater tickets and hotel room movies, are personal expenses,
    and are not reimbursable. Expenses for meals and other
    entertainment provided to L-3 employees are not
    reimbursable. Meals pertaining to travel on
    one-day
    trips that meet or exceed a 55 mile radius, will be
    reimbursed by L-3.

	 
	    4. 
	    Alcoholic beverages: Alcoholic beverage costs are
    not reimbursable under noirnal business expenses. It could be
    covered under rare cases if approved by L-3 Senior Management.
    In those cases, all alcoholic beverage expenses will be listed
    separately as entertaining expense.

	 
	    5. 
	    Tips: Tips are an acceptable expense if they
    represent customary and reasonable amounts for meals, porter,
    taxi, or similar services. Tips for meals must be included in
    the meal cost and tips for the ground transportation must be
    included in transportation costs. Tips to porters, bellhops,
    etc. should be listed as miscellaneous travel.

	 
	    6. 
	    Laundry expense: Charges for laundry are
    reimbursable by L-3 if the trip exceeds four (4) days.

	 
	    7. 
	    Car rental: In the U.S., compact cars will be
    rented when available, and comparable models will be rented when
    traveling internationally. All optional insurance for rental
    cars while on L-3 business in the U.S. and Canada, are not
    reimbursable. Optional collision insurance purchased
    internationally is acceptable where obligatory. Fines for
    parking or traffic violations are not reimbursable expenses
    whether incurred in a rental car or while using one’s
    personal automobile for L-3 business.

	 
	    8. 
	    Local travel: The approved reimbursement rate for
    use of one’s personal automobile for L-3’s business is
    the maximum amount allowed by current IRS regulations. Local
    travel between the Consultant and L-3 as a normal part of doing
    business is not reimbursable.

	 
	    9. 
	    Telephone expense: L-3 allows reasonable and
    customary personal telephone expenses while traveling (called
    safe arrival or time of departure calls NTE $10-$20). In those
    instances where approved business calls are charged to a
    personal telephone, the original bill must be submitted with an
    explanation for each call. L-3/IS will not be responsible for
    the entire phone bill or wireless service or personal internet
    access.

 

		
	    10. 	
    Expense statements: Expense Statements, when
    traveling on L-3’s behalf, should contain information
    pertaining to only one (1) trip and must be prepared on a
    timely basis. Original copies of airline tickets, itinerary and
    hotel charges, car rentals and other expense in excess of
    twenty-five dollars ($25.00) must be included.

    

    5

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