Document:

Exhibit

Exhibit 4.12

ELEVENTH SUPPLEMENTAL INDENTURE
ELEVENTH SUPPLEMENTAL INDENTURE (this “Eleventh Supplemental Indenture”), dated as of September 27, 2018, among L3 Technologies, Inc., (formerly known as L-3 Communications Corporation) (or its permitted successor), a Delaware corporation (the “Company”), each direct or indirect subsidiary of the Company signatory hereto (each, a “Guaranteeing Subsidiary”, and collectively, the “Guaranteeing Subsidiaries”), and The Bank of New York Mellon Trust Company, N.A., as trustee under the indenture referred to below (the “Trustee”).
W I T N E S S E T H:
WHEREAS, the Company and the Guaranteeing Subsidiaries party thereto have heretofore executed and delivered to the Trustee (1) an indenture dated May 21, 2010 (the “Base Indenture”), (2) a first supplemental indenture dated as of May 21, 2010 (the “First Supplemental Indenture”), providing for the issuance of $800,000,000 4.750% Senior Notes due 2020 (the “2020 Notes”), (3) a second supplemental indenture dated as of February 7, 2011 (the “Second Supplemental Indenture”), providing for the issuance of $650,000,000 4.95% Senior Notes due 2021 (the “2021 Notes”), (4) a third supplemental indenture dated as of November 22, 2011 (the “Third Supplemental Indenture”), providing for the issuance of $500,000,000 3.95% Senior Notes due 2016 (the “2016 Notes”), (5) a fourth supplemental indenture dated as of February 3, 2012 (the “Fourth Supplemental Indenture”), providing for the accession of certain Guaranteeing Subsidiaries, (6) a fifth supplemental indenture dated as of May 28, 2014 (the “Fifth Supplemental Indenture”), providing for the issuance of $350,000,000 1.50% Senior Notes due 2017 (the “2017 Notes”) and the issuance of $650,000,000 3.95% Senior Notes due 2024 (the “2024 Notes”), (7) a sixth supplemental indenture dated as of June 21, 2016 (the “Sixth Supplemental Indenture”), (8) a seventh supplemental indenture dated as of October 31, 2016 (the “Seventh Supplemental Indenture”), (9) an eighth supplemental indenture dated as of December 5, 2016 (the “Eighth Supplemental Indenture”), providing for the issuance of $550,000,000 3.85% Senior Notes due 2026 (the “2026 Notes”), (10) a ninth supplemental indenture dated as of March 29, 2018 (the “Ninth Supplemental Indenture”) and (11) a tenth supplemental indenture dated as of June 6, 2018 (the “Tenth Supplemental Indenture” together with the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental Indenture, the Seventh Supplemental Indenture, the Eighth Supplemental Indenture, the Ninth Supplemental Indenture and the Base Indenture, collectively, the “Indenture”), providing for the issuance of $800,000,000 3.85% Senior Notes due 2023 (the “2023 Notes”) and the issuance of $1,000,000,000 4.40% Senior Notes due 2028 (the “2028 Notes”, together with the 2020 Notes, the 2021 Notes, the 2016 Notes, the 2017 Notes, the 2024 Notes, the 2026 Notes and the 2023 Notes, collectively, the “Notes”), effecting certain amendments to the Indenture;
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall unconditionally guarantee all of the Company’s Obligations (as defined in the Indenture) under the Notes and the Indenture on the terms and conditions set forth herein (the “Subsidiary Guarantee”); and
WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee is authorized to execute and deliver this Eleventh Supplemental Indenture.

1

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
		
	1.
	CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

		
	2.
	SUBSIDIARY GUARANTOR. The Guaranteeing Subsidiaries hereby agree to each be Guarantors under the Indenture and to be bound by, and in accordance with, the terms of the Indenture applicable to Guarantors, including Article 10 thereof.

		
	3.
	RELEASES. The Guarantees of the Guaranteeing Subsidiaries shall be unconditionally released and discharged as provided in Section 10.4 of the Indenture.

		
	4.
	NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of any Guarantor, as such, shall have any liability for any Obligations of the Company or any Guarantor under the Notes, any Guarantee, the Indenture or this Eleventh Supplemental Indenture or for any claim based on, in respect of, or by reason of, such Obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy.

		
	5.
	NEW YORK LAW TO GOVERN. THIS ELEVENTH SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

		
	6.
	COUNTERPARTS. The parties may sign any number of copies of this Eleventh Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.

		
	7.
	EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

		
	8.
	THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Eleventh Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries and the Company.

		
	9.
	BENEFITS ACKNOWLEDGED. Each Guaranteeing Subsidiary’s Guarantee is subject to the terms and conditions set forth in the Indenture. Each Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Eleventh Supplemental Indenture and that the guarantee and waivers made by it pursuant to this Guarantee are knowingly made in contemplation of such benefits.

		
	10.
	SUCCESSORS. All agreements of the Guaranteeing Subsidiaries in this Eleventh Supplemental Indenture shall bind its successors, except as otherwise provided in Section 10.4 of the Indenture. All agreements of the Trustee in this Eleventh Supplemental Indenture shall bind its successors.

2

IN WITNESS WHEREOF, the parties hereto have caused this Eleventh Supplemental Indenture to be duly executed, all as of the date first above written.
	
		
	Dated: September 27, 2018
	L3 TECHNOLOGIES, INC.

	 
	 

	 
	By:  /s/ James P. Blair Jr.                     
Name: James P. Blair Jr.
Title: Vice President and Treasurer 

[Signature Page to Eleventh Supplemental Indenture]

Electrodynamics, Inc.
Interstate Electronics Corporation
L3 Advanced Programs, Inc. (f/k/a L-3 Advanced Programs, Inc.)
L3 Applied Technologies, Inc. (f/k/a L-3 Applied Technologies, Inc.)
L3 Chesapeake Sciences Corporation (f/k/a L-3 Chesapeake Sciences Corporation)
L-3 Communications AIS GP Corporation
L3 Aviation Products, Inc. (f/k/a L-3 Communications Avionics Systems, Inc.)
L3 Cincinnati Electronics Corporation (f/k/a L-3 Communications Cincinnati Electronics Corporation)
L3 Electron Devices, Inc. (f/k/a L-3 Communications Electron Technologies, Inc.)
Wescam USA, Inc. (f/k/a L-3 Communications EO/IR, Inc.)
L3 ESSCO, Inc. (f/k/a L-3 Communications ESSCO, Inc.)
L-3 Communications Flight Capital LLC
L3 Foreign Holdings, Inc. (f/k/a L-3 Communications Foreign Holdings, Inc.)
L-3 Communications Investments Inc.
L3 MariPro, Inc. (f/k/a L-3 Communications MariPro, Inc.)
L3 Mobile-Vision, Inc. (f/k/a L-3 Communications Mobile-Vision, Inc.)
L3 Security & Detection Systems, Inc. (f/k/a L-3 Communications Security And Detection Systems, Inc.)
L3 Westwood Corporation  (f/k/a L-3 Communications Westwood Corporation)
L-3 Domestic Holdings, Inc.
L3 Fuzing and Ordnance Systems, Inc. (f/k/a L-3 Fuzing And Ordnance Systems, Inc.)
L3 Unidyne, Inc. (f/k/a L-3 Unidyne, Inc.)
L3 Unmanned Systems, Inc. (f/k/a L-3 Unmanned Systems, Inc.)
Power Paragon, Inc.
SPD Electrical Systems, Inc.
SPD Switchgear Inc.
L-3 Afghanistan, LLC
L-3 Centaur, LLC
L-3 Investments, LLC
Aerosim Academy, Inc.
Aerosim Technologies, Inc. 
Flight Training Acquisitions LLC
ForceX, Inc. 
L3 Kigre, Inc. 
L3 Adaptive Methods, Inc. 
L3 Doss Aviation, Inc.
L3 OceanServer, Inc.
L3 Open Water Power, Inc.
Applied Defense Solutions, Inc.
Azimuth Security, LLC
L3 Latitude, LLC
Linchpin Labs Inc.
ASV Global, L.L.C.
Autonomous Surface Vehicles, LLC
	
		
	 
	As Guaranteeing Subsidiaries

	 
	 

	 
	By:  /s/ James P. Blair Jr.                                  
Name: James P. Blair Jr.
Title: Vice President and Treasurer

[Signature Page to Eleventh Supplemental Indenture]

	
		
	 
	L-3 COMMUNICATIONS INTEGRATED SYSTEMS L.P., a Delaware limited partnership

	 
	 

	 
	By:  L-3 COMMUNICATIONS AIS GP CORPORATION, as General Partner 

 
By:  /s/ James P. Blair Jr.                                  
Name: James P. Blair Jr.
Title: Vice President and Treasurer

	 
	 

	 
	MUSTANG TECHNOLOGY GROUP, L.P., a Texas limited partnership

	 
	 

	 
	By:  L3 TECHNOLOGIES, INC., as General Partner 

 
By:  /s/ James P. Blair Jr.                                  
Name: James P. Blair Jr.
Title: Vice President and Treasurer

[Signature Page to Eleventh Supplemental Indenture]

	
		
	Dated: September 27, 2018
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 
as Trustee

	 
	

	 
	By:  /s/ Karen Yu                                  
Name: Karen Yu
Title: Vice President

[Signature Page to Eleventh Supplemental Indenture]Exhibit

41Exhibit 10.11

AMENDMENT NO. 1
TO THE AMENDED AND RESTATED STOCK PURCHASE AGREEMENT
among
PARTNER REINSURANCE COMPANY OF THE U.S., CERITY GROUP, INC.
and
EMPLOYERS HOLDINGS, INC.

THIS AMENDMENT NO. 1 by and between Partner Reinsurance Company of the U.S., a New York corporation, Cerity Group, Inc., a Nevada corporation, and, Employers Holdings, Inc., a Nevada corporation (the "Parties" and individually  a "Party")  is made as of September 24, 2018 (the "Amendment").

WIT NESSETH:
WHEREAS, Partner Reinsurance Company of the U.S., a New York corporation (the "Seller"), Cerity Group, Inc., a Nevada corporation (the "Purchaser"), and, solely for purposes of Section 11.20 of the Agreement, Employers Holdings, Inc., a Nevada corporation (the "Guarantor") entered into an Amended and Restated Stock Purchase Agreement dated as of May 23, 2018 with respect to the sale and purchase of 100% of the issued and outstanding capital stock of PartnerRe Insurance Company of New York, a New York corporation (the "Company") (the "Agreement"); and
WHEREAS, defined terms used and not defined herein have the meaning ascribed thereto in Exhibit A to the Agreement; and
WHEREAS, the Parties desire to amend the Termination provisions set forth in Section 10.1 of the Agreement as set forth below.
NOW THEREFORE, in consideration of the premises set forth above, and  subject to the terms and conditions stated herein, the Parties hereto, intending to be legally bound, agree as follows:

1. Section 10.1 of the Agreement is hereby deleted and replaced in its entirety to read as follows:
Section 10.1 Termination. This Agreement may be terminated, and the transactions contemplated hereby abandoned, prior to Closing:

(a)      by the mutual written consent of the Purchaser and the

AMENDMENT NO. 1 
TO THE AMENDED AND RESTATED STOCK PURCHASE AGREEMENT

(b)by the Purchaser if there has been a misrepresentation on the part of the Seller in any representation or warranty contained herein, or if there has been any failure on the part of the Seller to comply with or perform any of its agreements, covenants or obligations hereunder, which would reasonably be expected to result in a failure of the closing conditions contained in Article VI that either cannot be cured or shall not have been cured within fifteen (15) days after written notice thereof to the Seller;

(c)by the Seller if there has been a misrepresentation on the part of the Purchaser in any representation or warranty contained herein, or if there has been any failure on the part of the Purchaser to comply with or perform any of its agreements, covenants or obligations hereunder, which would reasonably be expected to result in a failure of the closing conditions contained in Sections 7.1 or 7.2 that either cannot be cured or shall not have been cured within fifteen (15) days after written notice thereof to the Purchaser;

(d)by the Seller or the Purchaser if the New York Department shall have disapproved the Purchaser's acquisition of the Shares;

(e)at the election of the Purchaser or the Seller on or after November 1, 2018, if the Closing shall not have occurred on or prior to such date, unless such date is extended by the mutual written consent of the Parties hereto; provided, however, that the right to terminate this Agreement pursuant to this paragraph (e) shall not be available to a Party whose failure or whose Affiliates' failure to perform or observe in any material respect any of its obligations under this Agreement shall either have been the principal cause of or directly resulted in the failure to consummate the Closing on or before such date; or

(f)by the Purchaser if there has been a Material Adverse Effect on or after the date of this Agreement.

		
	2.
	This Amendment shall be enforced by and construed in accordance with the laws of the State ofNew York, as set forth in Section 11.8 of the Agreement.

		
	3.
	This Amendment may be executed in counterparts, each of which shall be deemed an original for all purposes and all of which shall be deemed, collectively, one and the same agreement. Execution of a counterpart hereof in facsimile or electronic fo1m will be deemed to be the execution of an original counterpart hereof. This Amendment shall become effective when executed and delivered by the Parties hereto.

AMENDMENT NO. 1 
TO THE AMENDED AND RESTATED STOCK PURCHASE AGREEMENT

		
	4.
	Except as modified by this Amendment, the Agreement is hereby confirmed in all respects.

IN WITNESS WHEREOF, the Parties hereto have executed this Amendment as of the date first above written.

	
					
	SELLER:
	 
	 
	 
	 

	PARTNER REINSURE COMPANY OF THE U.S.

	 
	 
	 
	 
	 

	BY:
	 
	/s/ Anthony F. Albano
	 
	 

	 
	 
	Name: Anthony F. Albano

	 
	 
	Title: VP, CFO
	 
	 

	
					
	PURCHASER:

	CERITY GROUP, INC.

	 
	 
	 
	 
	 

	BY:
	 
	/s/ Tracey L. Berg

	 
	 
	Name: Tracey L. Berg

	 
	 
	Title: President
	 
	 

Solely for purposes of Section 11.20 of the Agreement,

	
					
	GUARANTOR:

	EMPLOYERS HOLDINGS, INC.

	 
	 
	 
	 
	 

	BY:
	 
	/s/ Michael Paquette

	 
	 
	Name: Michael Paquette

	 
	 
	Title: EVP & CFO

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