Document:

EX-10.8 Warrant Assumption Agreement

 

EXHIBIT
10.8

WARRANT ASSUMPTION AGREEMENT

     THIS
WARRANT ASSUMPTION AGREEMENT (the “Assumption
Agreement”) dated as of January 26, 2007, by and between HARRIS STRATEX NETWORKS, INC., a corporation incorporated in the State of
Delaware (“Newco”), and STRATEX NETWORKS, INC., a corporation incorporated in the State of
Delaware (“Stratex”), is made and delivered pursuant to Section 6 of those certain
Warrants to Purchase Common Stock of Stratex (the “Warrants”) issued in connection with the
Purchase Agreement dated as of September 21, 2004 by and between Stratex and certain Investors
listed in Schedule I attached thereto. All capitalized terms used in this Assumption
Agreement and not otherwise defined herein shall have the meanings assigned to them in the
Warrants.

     Pursuant
to an Amended and Restated Formation, Contribution and Merger
Agreement, dated December 18, 2006, among Harris Corporation,
Stratex, Newco and Stratex Merger Corp., as amended by that certain
letter agreement, dated January 26, 2007 (the
“Combination Agreement”), among the parties thereto, Stratex will merge into a
wholly-owned subsidiary of Newco (the “Merger”). In the Merger, each outstanding share,
par value $0.01 per share, of Stratex Common Stock (the “Stratex Common Stock”) will be
converted into one-fourth of a share, par value $0.01 per share, of Class A Common Stock of Newco
(the “Class A Common Stock”). Under the terms of the Combination Agreement, Newco has
agreed to enter into this Assumption Agreement pursuant to which it will assume Stratex’s
obligations under the Warrants.

     Effective upon the effective time of the Merger,

     (i) Stratex shall be released from its obligations under the Warrants.

     (ii) Newco hereby assumes the obligations of Stratex under the Warrants and agrees that it
shall be the “Company” for all purposes of the Warrants. Without limiting the foregoing, the
undersigned hereby agrees to perform all of the obligations of the Company under, and to be bound
in all respects by the terms of, the Warrants, to the same extent and with the same force and
effect as if the undersigned were an original signatory thereto. At the effective time of the
Merger, pursuant to the terms and subject to the conditions contained in the Warrants, each Warrant
shall automatically become exercisable for that number of shares of Class A Common Stock equal to
one-fourth of the number of shares of Stratex Common Stock issuable upon exercise of such Warrant
immediately prior to the effective time of the Merger at an exercise price per share of Class A
Common Stock equal to four (4) times the exercise price of such Warrant per share of Stratex Common
Stock immediately prior to the effective time of the Merger, or $11.80 per share of Class A Common
Stock.

     Upon the execution and delivery of this Assumption Agreement by Stratex and Newco, the terms
of the Warrants shall be supplemented in accordance herewith, and this Assumption Agreement shall
form a part of the terms of the Warrants for all purposes, and every Registered Holder of a Warrant
heretofore countersigned and delivered shall be bound hereby.

     Except as expressly amended and supplemented hereby, the terms of the Warrants are in all
respects ratified and confirmed and all terms, conditions and provisions of the Warrants shall
remain in full force and effect.

 

 

     This Assumption Agreement is an agreement supplemental to and in implementation of the terms
of the Warrants, and the terms of the Warrants, and this Assumption Agreement shall be read and
construed together.

     Any notice or demand authorized or permitted by the terms of the Warrants to be given or made
by the Registered Holder of any Warrants to or on Newco shall be sufficiently given or made when
and if deposited in the mail, first class or registered, postage prepaid, addressed (until another
address is provided to the Registered Holders in writing by Newco), as follows:

Harris Stratex Networks, Inc.

Research Triangle Park

637 Davis Drive

Morrisville, NC 27560

Attn: General Counsel

fax: (919) 767-3233

     All covenants and agreements in this Assumption Agreement by Newco shall bind and incur to the
benefit of its successors and assigns, whether so expressed or not.

     This Assumption Agreement shall be deemed to be a contract made under the laws of the State of
New York and for all purposes shall be governed by and construed in accordance with the internal
laws of said state. The parties hereto irrevocably consent to the jurisdiction of the courts of
the state of New York and any federal court located in such state in connection with any action,
suit or proceeding arising out of or relating to this Assumption Agreement.

     Nothing in this Assumption Agreement shall be construed to give to any person other than
Newco, Stratex and the Registered Holders of the Warrants any legal or equitable right, remedy or
claim under this Assumption Agreement; but this Assumption Agreement shall be for the sole and
exclusive benefit of Newco, Stratex and the Registered Holders of the Warrants.

     This Assumption Agreement may be executed in any number of counterparts and each of such
counterparts shall for all purposes be deemed to be an original, and all such counterparts shall
together constitute but one and the same instrument.

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     IN WITNESS WHEREOF, the undersigned have executed this Assumption Agreement, as of the date
first above written.

	 	 	 	 	 
	 	HARRIS STRATEX NETWORKS, INC.

 	 
	 	By:  	/s/
Guy M. Campbell
 	 
	 	 	Name:  	Guy M. Campbell 	 
	 	 	Title:  	Chief Executive Officer and President 	 
	 
	 	STRATEX NETWORKS, INC.

 	 
	 	By:  	/s/
Carl A. Thomsen
 	 
	 	 	Name:  	Carl A. Thomsen 	 
	 	 	Title:  	Senior Vice President and Chief Financial OfficerEX-10.9 NetBoss Service Agreement

 

EXHIBIT
10.9

 

 

 

 

 

 

 

NETBOSS SERVICE AGREEMENT

Between

HARRIS CORPORATION

and

HARRIS STRATEX NETWORKS, INC.

Dated:
January 26, 2007

 

 

 

 

 

 

 

 

NETBOSS SERVICE AGREEMENT

     NETBOSS
SERVICE AGREEMENT (this “Agreement”), dated as of
January 26, 2007, between
HARRIS CORPORATION, a Delaware corporation (“Harris”), and HARRIS STRATEX NETWORKS, INC., a
Delaware corporation (the “Company”).

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

     WHEREAS, Harris and Stratex would not have entered into the Formation Agreement without the
undertakings contained in this Agreement and the execution and delivery of this Agreement is a
condition to closing under the Formation Agreement.

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

     Section 1. Certain Definitions. All capitalized terms used but not defined in this
Agreement shall have the meanings assigned to them in the Formation Agreement. In addition, the
following terms shall have the meanings specified below:

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

     “Subsidiary” means, with respect to any Person, (i) any corporation more than 50% of
the outstanding Voting Power of which is owned, directly or indirectly, by such Person, any of its
other Subsidiaries or any combination thereof or (ii) any Person other than a corporation in which
such Person, any of its other Subsidiaries or any combination thereof has, directly or indirectly,
majority economic ownership or the power to direct or cause the direction of the policies,
management and affairs thereof; provided, however, that notwithstanding the foregoing neither the
Company nor any of its Subsidiaries shall be deemed to be a Subsidiary of Harris or any of its
other Subsidiaries for purposes of this Agreement.

     Section 2. Assignment. As of the Effective Time, pursuant to the terms and conditions
of this Agreement, Harris hereby sells, assigns, transfers, conveys and delivers to the Company all
of Harris’ and any of its Subsidiaries’ right, title and interest in and to the arrangements
identified on Schedule A to this Agreement (the “Assigned Contracts”) to the extent
such rights, title and interests in and to such Assigned Contracts arise out of the provision of
goods and services relating to any NetBoss® integrated communications network management platform
to any Affiliate of Harris or any of its Subsidiaries (the “Assignment”).

 

 

     Section 3. Assumption. As of the Effective Time, pursuant to the terms and conditions
of this Agreement, the Company hereby accepts the Assignment and assumes and agrees to pay, honor,
perform and discharge when due all of the obligations that otherwise would be provided by Harris or
one of its Subsidiaries under the Assigned Contracts (the “Assumed Liabilities”) arising
out of or resulting from the provision of goods and services relating to any NetBoss® integrated
communications network management platform to any Affiliate of Harris or any of its Subsidiaries.

     Section 4. Payment for Goods and Services. Harris shall (or shall cause one of its
Subsidiaries to) pay to the Company promptly when due any amounts owed to the Company in connection
with the provision of goods and services relating to any NetBoss® integrated communications network
management platform to any Affiliate of Harris or any of its Subsidiaries pursuant to and, in
accordance with, the Assigned Contracts.

     Section 5. No Representations and Warranties. Neither Harris nor the Company make any
representation or warranty, whether express or implied, in this Agreement with respect to the
Assumed Contracts or the Assumed Liabilities. Nothing contained in this Section 5 shall
limit any representation or warranty contained in the Formation Agreement or any Ancillary
Agreement other than this Agreement.

     Section 6. Further Actions. Harris and the Company shall execute or cause to be
delivered to the other party such instruments and other documents, and shall take such other
actions, as the other party may reasonably request after the date hereof, for the purpose of
carrying out or evidencing the Assignment or the acceptance of the Assumed Liabilities pursuant to
this Agreement.

      Section 7. NetBoss Services. (a) Subject to the terms and conditions of this
Agreement, commencing on the Effective Date, Harris shall provide the following services to the
Company in the manner, amount and quality substantially similar and consistent with the manner,
amount and quality as was being provided by Harris to the MCD Business during the six-month period
immediately prior to the Closing Date:

               (i) Teaming opportunities on future External Pursuits (as defined below), including the use of
Harris’ Network Operating Center (“NOC”) to support the Company’s existing or new RMS
customers. For purposes of this Section 7, “RMS” means event management, network
reporting and consulting services, and “External Pursuits” means any pursuit pursuant to
which the Company’s NetBoss business unit assumes or undertakes responsibilities in integration,
installation or device configuration. In addition, the parties shall mutually agree on the timing
and material price structure for any additional license fees, installation, integration services,
report development and any customizations pertaining to any External Pursuits with new customers;

               (ii) Provide “whitepapers” or marketing data sheets or similar documented reference material
consistent with previous practice;

               (iii) Showcase the NetBoss system used by Harris and host data center tours to potential
Company customers subject to reasonable request during normal business hours and consistent with
applicable security policies and procedures;

               (iv) Provide Helpdesk support to the Company twenty-four hours a day and seven days each week
in connection with telephone calls from the Company’s external clients at no cost;
provided, however, to the extent the number of trouble tickets issued exceeds 300
per month for two consecutive months, then the parties shall negotiate a rate for those trouble
tickets issued in excess of 300 per month (the “Excess Amount”), and Harris shall have no
obligation to provide support with respect to the Excess Amount until such agreement is reached;
and

               (v) Provide technical support and/or consultation for any new NetBoss products being developed
by participating in alpha or beta site testing for which Harris can reasonably be expected to use
such products.

          (b) Subject to the terms and conditions of this Agreement, on or after the Effective Date, the
Company shall provide the following rights and services to Harris:

               (i) A non-exclusive license to use internally in accordance with the Company’s standard
license terms, (x) any NetBoss software (including, without limitation, any smart agents or
applications) or third-party software (but only to the extent the Company is able to grant such
rights with respect to third-party software) that is not contemplated by Section 2.02 or
Section 4.03 of the Intellectual Property Agreement, dated as of the date hereof, entered
into by Harris and the Company or any NetBoss maintenance/support services after the Effective
Date, including without limitation future updates, upgrades, patches and fixes as further described
in the attached NetBoss Maintenance Agreement, a copy of which is attached hereto as Schedule
B, in each case at the Company’s cost;

               (ii) The right to use at no cost any new NetBoss products (other than software products as
contemplated in (b)(i) above) developed by the Company after the Effective Date, but only to the
extent that such new products are used internally by Harris;

               (iii) Access to professional services of integrators and program managers at rates consistent
with previous practice with such rates to be reviewed on a calendar year basis for consistency with
market rates;

               (iv) NetBoss training classes based on seat availability and a mutually agreed schedule and
location at no cost to Harris; and

               (v) The right to expand Harris’ internal use of the NetBoss software at no additional cost.
For purposes of this Section 7(b), “internal” means any use by (i) Harris, its
divisions, business units and any business entity of which Harris is at least 51% owner of the
voting rights, or beneficial interests in capital, (ii) any existing Harris customer,
responsibilities under which are not assigned to the Company, and in connection with products or
services being provided by Harris to such customer, (iii) any use of the NetBoss software by
Harris, including without limitation, the use by the divisions, business units or headquarters
where such use is in support of a customer and managed on a Harris-managed asset or a similar
Harris-internal environment and (iv) any Harris division customer in connection with products or
services being provided by Harris to such customer.

               The parties shall negotiate a mutually acceptable fee structure to be able to continue NetBoss
licenses or services for any divested subsidiary, division, or business unit.

               Notwithstanding anything to the contrary herein, the term for the services and rights provided
in this Section 7 shall commence on the Effective Date and continue for eighteen (18)
months and shall thereafter be automatically renewed for a successive eighteen (18) month period
(each, a “Successive Period”) and at the end of each Successive Period for another
Successive Period; provided, however, that during any Successive Period, this
Agreement may be terminated by either party with ninety (90) days’ notice. Notwithstanding any
termination pursuant to the immediately preceding sentence, Harris’ license rights to the then
licensed NetBoss software as well as Harris’ right to expand internal use of such NetBoss software
shall survive.

     Section 8. Governing Law and Venue; Waiver Of Jury Trial. (a) THIS AGREEMENT SHALL
BE DEEMED TO BE MADE IN AND IN ALL RESPECTS SHALL BE INTERPRETED, CONSTRUED AND GOVERNED BY AND IN
ACCORDANCE WITH THE LAW OF THE STATE OF DELAWARE WITHOUT REGARD TO THE CONFLICT OF LAW PRINCIPLES
THEREOF. The parties hereby irrevocably submit to the jurisdiction of the courts of the State of
Delaware and the Federal courts of the United States of America located in the State of Delaware
(collectively, the “Delaware Courts”) solely in respect of the interpretation and
enforcement of the provisions of this Agreement and of the documents referred to in this Agreement,
and in respect of the transactions contemplated hereby, and hereby waive, and agree not to assert,
as a defense in any action, suit or proceeding for the interpretation or enforcement hereof or of
any such document, that it is not subject thereto or that such action, suit or proceeding may not
be brought or is not maintainable in any Delaware Court or that the venue thereof may not be
appropriate or that this Agreement or any such document may not be enforced in or by such courts,
and the parties hereto irrevocably agree that all claims with respect to such action or proceeding
shall be heard and determined in any Delaware Court; provided, however, that notwithstanding the
foregoing each party agrees that any claim which primarily seeks injunctive relief and related
monetary claims that cannot be brought in any Delaware Court for jurisdiction reasons may be
commenced, heard and determined in any other court having proper jurisdiction over such claim. The
parties hereby consent to and grant any

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Delaware Court jurisdiction over the person of such parties and, to the extent permitted by
law, over the subject matter of such dispute and agree that mailing of process or other papers in
connection with any such action or proceeding in the manner provided
in Section 13 or in
such other manner as may be permitted by law shall be valid and sufficient service thereof.

          (b) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS
AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR
THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (I) NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT
SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (II)
EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (III) EACH PARTY MAKES
THIS WAIVER VOLUNTARILY, AND (IV) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY,
AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 6.

     Section 9. Severability. If any provision of this Agreement shall be held to be
illegal, invalid or unenforceable, that provision will be enforced to the maximum extent
permissible so as to effect the intent of the parties, and the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby.
If necessary to effect the intent of the parties, the parties will negotiate in good faith to amend
this Agreement to replace the unenforceable language with enforceable language which as closely as
possible reflects such intent.

     Section 10. Amendment. The terms of this Agreement can only be changed, modified,
released or discharged pursuant to a written agreement executed by each of the parties hereto. No
failure or delay by any party to take any action with respect to a breach by another party of this
Agreement or a default by another party hereunder shall constitute a waiver of the former party’s
right to enforce any provision of this Agreement or to take action with respect to such breach or
default or any subsequent breach or default. Waiver by any party of any breach or failure to
comply with any provision of this Agreement by another party shall not be construed as, or
constitute, a continuing wavier of such provisions, or a waiver of any other breach of or failure
to comply with any other provisions of this Agreement.

     Section 11. Binding Effect; Assignment. This Agreement shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and permitted assigns,
but may not be assigned by one party without the prior written consent of the other parties. Any
attempted assignment that does not comply with this Section 9 shall be void ab initio.

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     Section 12. No Third-Party Beneficiaries. This Agreement is intended to be for the
sole and exclusive benefit of the parties hereto and their respective successors and permitted
assigns. Nothing contained in this Agreement is intended or shall be construed to give any other
Person any legal or equitable right, remedy, or claim under or in respect to this Agreement or any
provision herein contained.

     Section 13. Notices. Any notice, request, instruction or other document to be given
hereunder by any party to the others shall be in writing and delivered personally or sent by
registered or certified mail or by overnight courier, postage prepaid, or by facsimile:

			
	          	 	if to Harris:

Harris Corporation

1025 West NASA Blvd.

Melbourne, FL 32919

Attn: Scott T. Mikuen

fax: (321) 727-9222

with a copy to (which shall not constitute notice):

Sullivan & Cromwell LLP

125 Broad Street

New York, NY 10004

fax: (212) 558-3588

Attention: Duncan C. McCurrach

if to the Company:

Harris Stratex Networks, Inc.

120 Rose Orchard Way

San Jose, CA 95134

Attn: General Counsel

fax: (408) 944-1770

with a copy to (which shall not constitute notice):

Harris Stratex Networks, Inc.

NetBoss Business Unit

1025 West NASA Blvd., Mailstop C-41A

Melbourne, FL 32919

Fax: (321) 674-2947

Attention: Andy Rollins, Contracts Manager

     Section 14. Entire Agreement; Controlling Provisions. This Agreement and any
Schedules attached hereto constitute the entire agreement between the parties relating to the
subject matter hereof and thereof and any and all prior arrangements, representations, promises,
understandings and conditions in connection with said matters and any representations, promises or
conditions not expressly incorporated herein or therein or expressly made a part hereof or thereof
shall not be binding upon any party.

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     Section 15. Headings. The headings in this Agreement are included for convenience of
reference only and shall not in any way limit or otherwise affect the meaning or interpretation of
this Agreement.

     Section 16. Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, but all of which, taken together,
shall constitute one and the same instrument.

     Section 17. Construction. This Agreement has been negotiated by the parties and their
respective counsel in good faith and will be fairly interpreted in accordance with its terms and
without any strict construction in favor of or against any party. Time shall be of the essence of
this Agreement.

     Section 18. Effectiveness. This Agreement shall become effective only when one or
more counterparts shall have been signed by each party and delivered to each other party.

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     IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the parties as of
the date first above written.

	 	 	 	 	 
	 	HARRIS CORPORATION

 	 
	 	By:  	/s/
R. Kent Buchanan
 	 
	 	 	Name:  	R. Kent Buchanan 	 
	 	 	Title:  	Vice President, Corporate Technology and
Development 	 
	 
	 	HARRIS STRATEX CORPORATION

 	 
	 	By:  	/s/
Guy M. Campbell
 	 
	 	 	Name:  	Guy M. Campbell 	 
	 	 	Title:  	Chief Executive Officer and President 	 

 

 

SCHEDULE
A

Assumed Contracts

[omitted]

 

 

SCHEDULE
B

NetBoss Maintenance Agreement

[omitted]

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