Document:

EX-4.6

Exhibit 4.6

Material marked [*] has been omitted pursuant to a request for confidential treatment. This material has been filed with the Commission separately.

EXCLUDED PORTFOLIO AGREEMENT

This excluded portfolio transfer agreement is made and entered into on this 7 day of May 2009 by
and between:

	(1)	 	Eksportfinans ASA, Dronning Maudsgt. 15, 0250 Oslo, Norway (Norwegian organisation
number 816 521 432) (“Eksportfinans”); and
	 
	(2)	 	Kommunekreditt Norge AS, Beddingen 8, 7014 Trondheim, Norway (Norwegian organisation number 963 415 524) (“KK”)

WHEREAS,

	(A)	 	Eksportfinans is the sole shareholder of KK and has decided to sell its shares in KK to focus
its activities on export financing;
	 
	(B)	 	Kommunal Landspensjonskasse gjensidig forsikringsselskap (“KLP”) has made an indicative
offer for all shares in KK; and
	 
	(C)	 	A condition for completion of the transactions contemplated by the SPA (as hereinafter
defined) is that KK divests its portfolio of loans to banks and other financial institutions and certain other
selected loans prior to the completion of KLP’s acquisition of the shares in KK.

NOW THEREFORE, Eksportfinans and KK hereby agree as follows:

1 DEFINITIONS

For the purposes of this Agreement, the following capitalised terms shall have the following
meanings when used herein:

“Agreement” means this excluded portfolio transfer agreement and the schedules attached hereto;

“Business Day” means any day (excluding a Saturday or Sunday) when commercial banks are open for
business in Norway;

“Closing” and “Closing Date” shall have the meanings ascribed to such terms in Clause 3.1;

“Effective Date” means 31 March 2009;

“Excluded Portfolio” means (i) the loans granted by KK to banks and other financial institutions
which were outstanding as of 31 March 2009, and (ii) certain other selected loans granted by KK
that were outstanding as of 31 March 2009, all as further identified in Schedule 1;

“IFRS” means International Financial Reporting Standards as further described in the notes to
KK’s audited financial statements for 2008;

“Loan Purchase Price” shall have the meaning ascribed to such term in Clause 2.2;

“March Accounts” means the interim financial statements for KK for the period ending on 31
March 2009 prepared in accordance with IFRS and have been subject to a limited review by
PricewaterhouseCoopers AS;

1

 

“NOK” means Norwegian kroner, the currency of the Kingdom of Norway;

“Parties” means KK and Eksportfinans; and

“SPA” means the share purchase agreement entered or to be entered into between Eksportfinans and
KLP regarding KLP’s purchase of all shares in KK from Eksportfinans.

2 THE TRANSACTION

2.1 Purchase and Sale

Upon the terms and subject to the conditions herein set forth, at the Closing Date KK will sell,
transfer and deliver the Excluded Portfolio with effect from the Effective Date to Eksportfinans
and Eksportfinans will purchase and acquire all rights and title to the Excluded Portfolio.

2.2 Loan Purchase Price

The aggregate purchase price payable by Eksportfinans as consideration for the Excluded Portfolio
shall be equal to the actual value of the Excluded Portfolio as set out in the balance sheet as of
31 March 2009 included in the March Accounts, i.e. NOK 10,799,658,166 (the “Loan Purchase Price”).

The Loan Purchase Price shall be paid to KK at Closing by way of set-off against an equal amount of
the funding loan granted by Eksportfinans to KK.

3 CLOSING

3.1 Time and place

Subject to the satisfaction or waiver of the conditions set out in Clause 3.2, the consummation of
the sale and purchase of the Excluded Portfolio hereunder (the “Closing”) shall be effected at the
offices of Eksportfinans at Dronning Maudsgt. 15 in Oslo at 11:00 hours (Oslo time) on the first
Business Day following the Business Day on the last of the closing conditions set out in Clause 3.2
is satisfied or waived, or at such other place, time or date as the Parties may otherwise agree in
writing (the date and time of Closing shall herein be referred to as the “Closing Date”).

3.2 Closing Conditions

The obligations of the Parties to sell and purchase the Excluded Portfolio and to take the other
actions required to be taken by them at Closing are subject to the satisfaction or waiver by the
parties to the SPA of the conditions set forth in Clause 3.3 of the SPA (other than the conditions
relating to the transfer of the Excluded Portfolio in accordance with this Agreement).

3.3 Closing Obligations

3.3.1 KK’s Closing Obligations

At the Closing KK shall:

	(i)	 	notify in writing the borrowers and other counterparties under the Excluded Portfolio that the
loans comprised by the Excluded Portfolio and all of KK’s rights, entitlements and
obligations relating thereto have been transferred to and assumed by Eksportfinans with
effect from the Closing Date (such notice to be in the form attached hereto as Schedule
3.3.1(i)), and deliver to Eksportfinans a copy of all such notices; and
	 
	(ii)	 	execute and deliver to Eksportfinans a set-off confirmation in the form attached hereto as
Schedule 3.3.1(ii), whereby the Parties confirm that KK’s entitlement to the Loan Purchase

2

 

	 	 	Price has been set off against an equal amount of the funding loan provided by
Eksportfinans to KK.

 3.3.2 Eksportfinans’ Closing Obligations 

At the
Closing, Eksportfinans shall execute and deliver to KK a set-off confirmation in the
form attached hereto as Schedule 3.3.1(ii), whereby the Parties confirm that KK’s entitlement
to the Loan Purchase Price has been set off against an equal amount of the funding loan
provided by Eksportfinans to KK.

4 PRO & CONTRA

The Bank Portfolio shall be transferred to Eksportfinans with accounting effect (as determined
by IFRS) from the Effective Date. Unless otherwise follows from this Agreement, the costs and
revenues relating to the Excluded Portfolio for the period ending on the Effective Date shall
be for the account of KK, whereas any costs and revenues relating to the Excluded Portfolio for
the period from the Effective Date shall be for the account of Eksportfinans.

5
MISCELLANEOUS

5.1 EGM Approval

The Parties acknowledge that this Agreement shall be approved by the general meeting
of KK in accordance with Section 3-8 of the Norwegian Limited Companies Act 1997 no
44.

5.2 Governing law and dispute resolution

This
Agreement shall be governed by and construed in accordance with the laws of Norway, with
Oslo District Court as legal venue.

*      *      *

IN WITNESS WHEREOF, the Parties have entered into this Agreement on the day and year first
above written.

	 	 	 	 	 	 	 	 	 	 	 
	Eksportfinans ASA	 	 	 	Kommunekreditt Norge AS	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Gisele Marchand
	 	 	 	By:	 	 	 	 
	Name:

	 	 

	 	 	 	Name:
	 	 

	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 

	 	 	 
	Schedules:	 	 
	1

	 	Excluded Portfolio details
	3.3.1(i)

	 	Form of Transfer Notice
	3.3.1(ii)

	 	Form of Set-off Confirmation

3

 

Schedule 1

 1

 

 

[*]

 

 

[*]

 

 

Schedule 3.3.1(i)

FORM OF NOTICE OF TRANSFER

	 	 	 
	To:

	 	[•]
	 
	 	 
	From:

	 	Kommunekreditt Norge AS (the “Existing Lender”) and Eksportfinans ASA
(the “New Lender”)
	 
	 	 
	Date:

	 	[          ] 2009

[Name
of Borrower]- NOK [identify facility agreement] DATED [•] (THE “AGREEMENT”)

	1	 	Reference is made to the Agreement.
	 
	2	 	You are hereby notified that by an agreement dated [•] May 2009 and made between the
Existing Lender and the New Lender, it has been agreed to transfer all of the Existing Lender’s
commitments, entitlements, rights and obligations (as lender) under the Agreement to the New
Lender in accordance with Clause [•] of the Agreement.
	 
	3	 	The effective date for such transfer is 31 March 2009
(the “Effective Date”).
	 
	4	 	With effect from the Effective Date, the New Lender will be the lender under the Agreement and
the Existing Lender shall be released from all of its obligations under the Agreement.
	 
	5	 	The address, fax number and attention details for the New Lender are as follows:
	 
	 	 	Eksportfinans ASA

Dronning Maud’s gate 15

0250 Oslo

Fax no.: [•]

Att.: [•] 

Account No.: [•]
	 
	6	 	This Notice of Transfer is governed by Norwegian law, with Oslo City Court (Oslo
tingrett) as
legal venue.

	 	 	 	 	 	 	 	 	 	 	 
	Existing Lender:	 	 	 	New Lender:	 	 
	Kommunekreditt Norge AS

	 	 	 	Eksportfinans ASA	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	Name:

	 	 

	 	 	 	Name:
	 	 

	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 

5

 

Schedule 3.3.1(ii)

FORM OF

SET-OFF CONFIRMATION

Reference is made to:

	1	 	the Excluded Portfolio Agreement dated 7 May 2009 (the “Transfer Agreement”) and made
between Kommunekreditt Norge AS (as seller) (“KK”) and Eksportfinans ASA (as buyer) (“EF”)
for the transfer of the Excluded Portfolio (as defined therein) from KK to EF; and
	 
	2	 	the funding made available by EF (as lender) to KK (as borrower).

Defined terms used herein shall have the meaning given to such terms in the Transfer
Agreement, unless otherwise defined herein.

KK and EF hereby agree as follows:

	(i)	 	The Loan Purchase Price under the Transfer Agreement amounts to NOK [•].
	 
	(ii)	 	With effect from the [date hereof]:

	 	a)	 	KK’s entitlement to the Loan Purchase Price under the Transfer
Agreement is hereby
set-off against KK’s obligations to repay an equal amount of funding to EF
and thereby
reducing the amount outstanding between KK and EF by an amount of NOK [•].
	 
	 	b)	 	The set-off as set out above shall constitute full and final
settlement by EF of the
payment of the Loan Purchase Price under the Transfer Agreement,

	(iii)	 	This set-off confirmation is governed by Norwegian law, with Oslo City Court (Oslo tingrett) as
legal venue.

Oslo,                      [•] 2009

	 	 	 	 	 	 	 	 	 	 	 
	Kommunekreditt Norge AS	 	 	 	Eksportfinans ASA	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	Name:

	 	 

	 	 	 	Name:
	 	 

	 	 
	Title:

	 	 	 	 	 	Titie:	 	 	 	 

6EX-4.1

Exhibit 4.1

     THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE
EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE
OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

HARRIS CORPORATION

6.375% NOTES DUE 2019

			
	 	 	 
	Registered No. R-1
	 	CUSIP: 413875AL9                    
	Issue Date: June 9, 2009
	 	ISIN: US413875AL93                    
	 
	 	$350,000,000                    

     HARRIS CORPORATION, a corporation duly organized and existing under the laws of the State of
Delaware, promises to pay to Cede & Co. or registered assigns, the principal amount of THREE
HUNDRED FIFTY MILLION DOLLARS ($350,000,000) on June 15, 2019.

     This Security shall bear interest at the rate of 6.375% per annum.

     Additional provisions of this Security are set forth on the other side of this Security.

	 	 	 	 	 
	Dated:  June 9, 2009 	HARRIS CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	Gary L. McArthur 	 
	 	 	Title:  	Senior Vice President and

Chief Financial Officer 	 
	 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

     This is one of the Securities of the series designated herein and referred to in the
within-mentioned Indenture.

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON TRUST
 COMPANY, N.A., as
Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

Dated: June 9, 2009

 

 

REVERSE OF SECURITY

6.375% NOTES DUE 2019

1. Interest.

     This Security shall bear interest at the rate of 6.375% per year on the principal amount
hereof, from June 9, 2009 or from the most recent Interest Payment Date (as defined below) to which
payment has been paid or duly provided for, payable semi-annually in arrears on June 15 and
December 15 of each year (each, an “Interest Payment Date”), commencing December 15, 2009, to the
persons in whose names the Securities are registered at the close of business on June 1 or December
1 (each, a “Regular Record Date”) (whether or not a Business Day), as the case may be, next
preceding such Interest Payment Date. Interest on the Securities will be computed on the basis of
a 360-day year comprised of twelve 30-day months.

     If the principal amount of a Security, plus accrued and unpaid interest, or any portion
thereof, is not paid when due (whether upon acceleration pursuant to Section 7.01 of the Indenture,
upon the date set for payment of the Redemption Price pursuant to Section 5 hereof, or at maturity
of this Security), then, in each such case, the overdue amount shall, to the extent permitted by
law, bear interest at the rate applicable to the Securities, compounded semi-annually, which
interest shall accrue from the date such overdue amount was originally due to the date of payment
of such amount, including interest thereon, has been made or duly provided for. All such interest
shall be payable on demand and shall be computed on the basis of a 360-day year comprised of twelve
30-day months.

     Interest will be paid (i) so long as this Security is in the form of a Global Security, to the
Depositary in immediately available funds or (ii) if this Security is in the form of a definitive
Security, (a) on the definitive Securities having an aggregate principal amount of $10,000,000 or
less, by check mailed to the Holders of such Securities, and (b) on the definitive Securities
having an aggregate principal amount of more than $10,000,000, by wire transfer in immediately
available funds at the written election of the Holders of these Securities.

2. Method of Payment.

     Subject to the terms and conditions of the Indenture, the Company will make payments in cash
in respect of Redemption Prices and at maturity to Holders who surrender Securities to the Paying
Agent to collect such payments in respect of the Securities. The Company will pay cash amounts in
money of the United States that at the time of payment is legal tender for payment of public and
private debts. However, the Company may make such cash payments by wire transfer of immediately
available funds or check payable in such money.

3. Paying Agent and Registrar.

     Initially, the Trustee (as defined in Section 4 below) will act as Paying Agent and Registrar.
The Company may appoint and change any Paying Agent or Registrar without notice, other than notice
to the Trustee; provided, however, that the Company will maintain at least one
Paying Agent in the State of New York, City of New York, Borough of Manhattan, which shall
initially be an office or agency of the Trustee. The Company or any of its Subsidiaries or any of
their Affiliates may act as Paying Agent or Registrar.

2

 

4. Series.

     This Security is one of a duly authorized issue of securities of the Company, issued or to be
issued in one or more series under an indenture dated as of September 3, 2003 (the “Indenture”),
between the Company and The Bank of New York Mellon Trust Company, N.A., as successor to The Bank
of New York, as trustee (the “Trustee”, which term includes any successor Trustee under the
Indenture). All terms used in this Security which are defined in the Indenture shall have the
meanings assigned to them in the Indenture. Pursuant to Section 2.03 of the Indenture, this series
of Securities is issued under an officers’ certificate of the Company dated June 9, 2009 (the
“Officers’ Certificate”) to establish the terms of this series of Securities, setting forth such
terms, to which Indenture and Officers’ Certificate reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, the
Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are
to be, authenticated and delivered. This Security is one of the series designated on the face
hereof.

     The initial Securities of this series issued on June 9, 2009 (and any Securities of such
series issued in exchange therefor) and any additional Securities of such series issued upon a
further reopening of the Securities in accordance with the Indenture (and any Securities of such
series issued in exchange therefor) will be treated as a single class for all purposes under the
Indenture.

     The Securities are unlimited in aggregate principal amount.

5. Optional Redemption; No Sinking Fund.

     The Company may at its option redeem the Securities at any time, in whole or in part, at a
“make-whole” redemption price (the “Redemption Price”) equal to the greater of:

     (1) 100% of the principal amount of the Securities being redeemed; and

     (2) the sum of the present values of the remaining scheduled payments of the principal and
interest (other than interest accruing to the date of redemption) on the Securities being redeemed,
discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Rate, as defined below, plus 37.5 basis points.

     In each case, the Company will pay accrued interest on the principal amount of the Securities
being redeemed to, but not including, the redemption date.

     “Comparable Treasury Issue” means, with respect to the Securities, the United States Treasury
security selected by an Independent Investment Banker as having a maturity comparable to the
remaining term (“Remaining Life”) of the Securities being redeemed that would be utilized, at the
time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the Remaining Life of such Securities.

3

 

     “Comparable Treasury Price” means, with respect to any redemption date, (1) the average of
four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and
lowest Reference Treasury Dealer Quotations, or (2) if the Trustee obtains fewer than four such
Reference Treasury Dealer Quotations, the average of all such quotations.

     “Independent Investment Banker” means one of the Reference Treasury Dealers that the Company
appoints to act as the Independent Investment Banker from time to time.

     “Reference Treasury Dealer” means each of Citigroup Global Markets Inc., Morgan Stanley & Co.
Incorporated, and two other primary U.S. government securities dealers in New York City (each a
“Primary Treasury Dealer”) selected by the Company, and in each case, their respective successors,
provided, however, that if any of the foregoing ceases to be a Primary Treasury Dealer, the Company
will appoint another Primary Treasury Dealer as a substitute.

     “Reference Treasury Dealer Quotations” means, for each Reference Treasury Dealer and any
redemption date, the average, as determined by the Trustee, of the bid and asked prices for the
Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted
in writing to the Trustee by the Reference Treasury Dealer at 5:00 p.m. New York City time on the
third business day preceding the redemption date for the Securities being redeemed.

     “Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1)
the yield, under the heading which represents the average for the immediately preceding week,
appearing in the most recently published statistical release designated “H.15(519)” or any
successor publication which is published weekly by the Board of Governors of the Federal Reserve
System and which establishes yields on actively traded United States Treasury securities adjusted
to constant maturity under the caption “Treasury Constant Maturities,” for the maturity
corresponding to the Comparable Treasury Issue; provided, however, that if no maturity is within
three months before or after the Remaining Life of the Securities to be redeemed, yields for the
two published maturities most closely corresponding to the Comparable Treasury Issue shall be
determined and the Treasury Rate shall be interpolated or extrapolated from those yields on a
straight line basis, rounding to the nearest month; or (2) if such release (or any successor
release) is not published during the week preceding the calculation date or does not contain such
yields, the rate per year equal to the semi-annual equivalent yield to maturity of the Comparable
Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for such redemption
date. The Treasury Rate shall be calculated on the third business day preceding the redemption
date.

     If the Company elects to redeem less than all of the Securities, then the Trustee will select
the particular Securities to be redeemed in a manner it deems appropriate and fair.

     Notice of any redemption will be mailed at least 30 days but not more than 60 days before the
date of redemption to each Holder of the Securities to be redeemed. The notice of redemption will
state, among other things, the amount of Securities to be redeemed, the redemption date, the
redemption price and the place or places that payment will be made upon presentation and surrender
of Securities to be redeemed. Unless the Company defaults in

4

 

payment of the Redemption Price, on and after the date of redemption, interest will cease to
accrue on the Securities or the portions called for redemption.

     No sinking fund is provided for the Securities.

6. Change of Control.

     If a Change of Control Repurchase Event (as defined below) occurs, unless the Company has
exercised its right to redeem the Securities, the Company will make an offer to each Holder of
Securities to repurchase all or any part (in integral multiples of $1,000) of that Holder’s
Securities at a repurchase price in cash equal to 101% of the aggregate principal amount of
Securities repurchased plus any accrued and unpaid interest on the Securities repurchased up to,
but not including, the date of repurchase. Within 30 days following any Change of Control
Repurchase Event or, at the Company’s option, prior to any Change of Control (as defined below),
but after the public announcement of an impending Change of Control, the Company will mail a notice
to each Holder, with a copy to the Trustee, describing the transaction or transactions that
constitute or may constitute the Change of Control Repurchase Event and offering to repurchase
Securities on the payment date specified in the notice, which date will be no earlier than 30 days
and no later than 60 days from the date such notice is mailed. The notice shall, if mailed prior to
the date of consummation of the Change of Control, state that the offer to repurchase is
conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date
specified in the notice.

     The Company will comply with the requirements of Rule 14e-1 under the Securities Exchange Act
of 1934, as amended, and any other securities laws and regulations thereunder, to the extent those
laws and regulations are applicable in connection with the repurchase of the Securities as a result
of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws
or regulations conflict with the Change of Control Repurchase Event provisions of the Securities,
the Company will comply with the applicable securities laws and regulations and will not be deemed
to have breached its obligations under the Change of Control Repurchase Event provisions of the
Securities by virtue of such conflict.

     On the Change of Control Repurchase Event payment date, the Company will, to the extent
lawful:

     (1) accept for payment all Securities or portions of Securities (in integral multiples of
$1,000) properly tendered pursuant to the Company’s offer;

     (2) deposit with the Paying Agent an amount equal to the aggregate purchase price in respect
of all Securities or portions of Securities properly tendered; and

     (3) deliver or cause to be delivered to the Trustee the Securities properly accepted,
together with an Officers’ Certificate stating the aggregate principal amount of Securities being
repurchased by the Company.

     The Paying Agent will promptly mail to each Holder of Securities properly tendered the
repurchase price for the Securities, and the Trustee will promptly authenticate and mail (or cause
to be transferred by book-entry) to each Holder a new Security equal in principal amount to any

5

 

unpurchased portion of any Securities surrendered; provided, that each new Security will be in
a principal amount of $1,000 or an integral multiple of $1,000 above that amount.

     The Company will not be required to make an offer to repurchase the Securities upon a Change
of Control Repurchase Event if a third party makes such an offer in the manner, at the times and
otherwise in compliance with the requirements for an offer made by the Company and such third party
purchases all Securities properly tendered and not withdrawn under its offer.

     “Below Investment Grade Rating Event” means the Securities are lowered to below Investment
Grade by both Rating Agencies on any date from the date of the public notice of an arrangement that
could result in a Change of Control until the end of the 60-day period following public notice of
the occurrence of a Change of Control (which period shall be extended so long as the rating of the
Securities is under publicly announced consideration for possible downgrade by either of the Rating
Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a
particular reduction in rating shall not be deemed to have occurred in respect of a particular
Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes
of the definition of Change of Control Repurchase Event hereunder) if any of the Rating Agencies
making the reduction in rating to which this definition would otherwise apply does not announce or
publicly confirm or inform the Trustee in writing at its request that the reduction was the result,
in whole or in part, of any event or circumstance comprised of or arising as a result of, or in
respect of, the applicable Change of Control (whether or not the applicable Change of Control shall
have occurred at the time of the Below Investment Grade Rating Event).

     “Change of Control” means the occurrence of any of the following:

     (1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way
of merger or consolidation), in one or a series of related transactions, of all or substantially
all of the Company’s properties or assets and those of the Company’s Subsidiaries taken as a whole
to any “person” or “group” (as that term is used in Section 13(d)(3) of the Securities Exchange Act
of 1934, as amended), other than the Company or one of its Subsidiaries;

     (2) the adoption by the holders of the Company’s Voting Stock of a plan relating to the
Company’s liquidation or dissolution;

     (3) the first day during any period of 24 consecutive months on which a majority of the
members of the Company’s Board of Directors are not Continuing Directors; or

     (4) the consummation of any transaction or series of related transactions (including, without
limitation, any merger or consolidation) the result of which is that any “person” or “group” (as
that term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended), other
than the Company or one of its wholly-owned Subsidiaries, becomes the beneficial owner, directly or
indirectly, of more than 50% of the then outstanding number of shares of the Company’s Voting
Stock, measured by voting power rather than number of shares; provided that a merger shall not
constitute a “change of control” under this definition if (i) the sole purpose of the merger is the
Company’s reincorporation in another state and (ii) the Company’s shareholders and the number of
shares of the Company’s Voting Stock, measured by

6

 

voting power and number of shares, owned by each of them immediately before and immediately
following such merger are identical.

     “Change of Control Repurchase Event” means the occurrence of both a Change of Control and a
Below Investment Grade Rating Event.

     “Continuing Director” means, as of any date of determination, any member of the Company’s
Board of Directors (1) who was a member of such Board of Directors on the date of the issuance of
the Securities; (2) who was nominated for election or elected to such Board of Directors with the
approval of the individuals referred to in clause (1) above constituting at the time of such
nomination or election at least a majority of the Board of Directors (either by a specific vote or
by approval of the Company’s proxy statement in which such member was named as a nominee for
election as a director); or (3) whose nomination or election was approved by individuals referred
to in clauses (1) and (2) above constituting at the time of such nomination or election at least a
majority of the Board of Directors.

     “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any
successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent
under any successor rating categories of S&P) or the equivalent investment grade credit rating from
any additional Rating Agency or Rating Agencies selected by the Company.

     “Moody’s” means Moody’s Investors Service Inc.

     “Rating Agency” means (1) each of Moody’s and S&P; and (2) if either of Moody’s or S&P ceases
to rate the Securities or fails to make a rating of the Securities publicly available for reasons
outside of the Company’s control, a “nationally recognized statistical rating organization” within
the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Securities Exchange Act of 1934, as amended,
selected by the Company as a replacement agency for Moody’s or S&P, as the case may be.

     “S&P” means Standard & Poor’s Ratings Services, a division of McGraw-Hill, Inc.

     “Voting Stock” means, with respect to any person, capital stock of any class or kind the
holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election
of directors (or persons performing similar functions) of such person, even if the right so to vote
has been suspended by the happening of such a contingency.

7. Denominations; Transfer; Exchange.

     The Securities are in fully registered form, without coupons, in minimum denominations of
$1,000 of principal amount and integral multiples of $1,000. A Holder may transfer or exchange the
Securities in accordance with the Indenture. The Registrar may require a Holder, among other
things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees
required by law or permitted by the Indenture.

     The Company shall not be required to exchange or register a transfer of (a) any Security for a
period of fifteen days next preceding the first mailing of notice of redemption of Securities

7

 

or (b) any Securities selected, called or being called for redemption, in whole or in part,
except, in the case of any Security to be redeemed in part, the portion thereof not so to be
redeemed.

8. Persons Deemed Owners.

     The registered Holder of this Security may be treated as the owner of this Security for all
purposes.

9. Unclaimed Money or Securities.

     The Trustee and the Paying Agent shall return to the Company any money held by them for the
payment of any amount with respect to the Securities that remains unclaimed for two years, subject
to applicable unclaimed property law. After return to the Company, Holders entitled to the money
or securities must look to the Company for payment as general creditors unless an applicable
abandoned property law designates another person.

10. Amendment; Waiver.

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities to be affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of not less than a majority in aggregate principal amount of the outstanding
Securities to be affected. The Indenture also contains provisions permitting the Holders of
specified percentages in aggregate principal amount of the Securities of any series at the time
outstanding, on behalf of the Holders of all the Securities of such series, to waive compliance by
the Company with certain provisions of the Indenture and certain past defaults under the Indenture
and their consequences. Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Security.

11. Obligations Absolute.

     No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of and any premium and interest on this Security at the place, at the respective
times, at the rate and in the coin or currency herein prescribed.

12. Trustee Dealings with the Company.

     Subject to certain limitations imposed by the TIA, the Trustee under the Indenture, in its
individual or any other capacity, may become the owner or pledgee of Securities and may otherwise
deal with the Company or its Affiliates with the same rights it would have if it were not Trustee.

8

 

13. Book-Entry Provisions for Global Securities. 

     This Security is in the form of a Global Security as provided in the Indenture. The Global
Security for this series initially shall (i) be registered in the name of the Depositary, who shall
be The Depository Trust Company or as otherwise identified in or pursuant to the Officers’
Certificate authorizing the issuance of this series of Securities or the nominee of such
Depositary, (ii) be delivered to the Trustee as custodian for such Depositary and (iii) bear any
required legends.

     Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under
the Indenture with respect to this Global Security held on their behalf by the Depositary, or the
Trustee as its custodian, or under this Global Security, and the Depositary may be treated by the
Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of this
Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall
prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to
any written certification, proxy or other authorization furnished by the Depositary or impair, as
between the Depositary and its Agent Members, the operation of customary practices governing the
exercise of the rights of a Holder of this Security.

     Transfers of this Global Security shall be limited to transfers in whole, but not in part, to
the Depositary, its successors or their respective nominees. Interests of beneficial owners in this
Global Security may be transferred or exchanged for definitive Securities in accordance with the
rules and procedures of the Depositary. Definitive Securities shall be transferred to all
beneficial owners in exchange for their beneficial interests in this Global Security only if (i)
the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for
this Global Security, or the Depositary has ceased to be a “clearing agency” registered under the
Exchange Act, and a successor depositary is not appointed by the Company within 90 days of such
notice, (ii) the Company in its sole discretion elects not to have the Securities represented by a
Global Security and to cause the issuance of definitive Securities or (iii) an Event of Default has
occurred and is continuing.

     In connection with any transfer or exchange of a portion of the beneficial interest in this
Global Security to beneficial owners pursuant to the immediately preceding paragraph, the Security
Registrar shall (if one or more definitive Securities are to be issued) reflect on the Security
Register the date and a decrease in the principal amount of this Global Security in an amount equal
to the principal amount of the beneficial interest in this Global Security to be transferred, and
the Company shall execute, and the Trustee shall authenticate and deliver, one or more definitive
Securities of like tenor and amount. In connection with the transfer of this entire Global
Security to beneficial owners pursuant to the immediately preceding paragraph, this Global Security
shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute,
and the Trustee shall authenticate and deliver, to each beneficial owner identified by the
Depositary in exchange for its beneficial interest in this Global Security, an equal aggregate
principal amount of definitive Securities of authorized denominations.

     The Holder of this Global Security may grant proxies and otherwise authorize any person,
including Agent Members and persons that may hold interests through Agent Members, to take any
action which a Holder is entitled to take under the Indenture or the Securities.

9

 

14. Restrictive Covenants.

     The Indenture imposes certain limitations on the ability of the Company to consolidate or
merge with or into any other person, or sell or transfer all or substantially all of its property
and assets to any other person, and on the ability of the Company and its Restricted Subsidiaries
to (i) create, incur, assume or suffer to exist specified liens and (ii) enter into Sale and
Leaseback Transactions. On or before the first day of October in each year, the Company must
report to the Trustee on compliance with such limitations.

15. No Recourse Against Others.

     A director, officer, employee or stockholder, as such, of the Company or the Trustee shall not
have any liability for any obligations of the Company under the Securities or the Indenture or for
any claim based on, in respect of or by reason of such obligations or their creation. By accepting
a Security, each Holder waives and releases all such liability. The waiver and release are part of
the consideration for the issue of the Securities.

16. Authentication.

     This Security shall not be valid until an authorized signatory of the Trustee manually signs
the Trustee’s Certificate of Authentication on the other side of this Security.

17. Abbreviations.

     Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM
(=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with right of
survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act).

18. Defeasance.

     The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of
the Company on this Security and (b) certain restrictive covenants and the related Events of
Default, upon compliance by the Company with certain conditions set forth therein, which provisions
apply to this Security. These provisions shall not apply to Section 6 above after a Change of
Control Repurchase Event occurs.

19. GOVERNING LAW.

     THE INDENTURE AND THIS SECURITY WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD AS TO CONFLICT OF LAW PRINCIPLES.

* * *

10

 

     The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture which has in it the text of this Security in larger type. Requests may be made to:

Harris Corporation

1025 West NASA Boulevard

Melbourne, FL 32919

Attn: Treasurer

11

 

ASSIGNMENT FORM

          To assign this Security, fill in the form below:

(I) or (we) assign and transfer this Security to

 

(Insert assignee’s social security or tax I.D. no.)

 

 

(Print or type assignee’s name, address and zip code)

and irrevocably appoint                                                              agent to transfer this Security on the books of
the Company. The agent may substitute another to act for him.

	 	 	 	 	 	 
	 	 	 
	 	Your Signature:  	
 	 
	 	 	(Sign exactly as your name appears on the other side of this Security) 	 
	 	 	 	 

Date:                                                             

Medallion Signature Guarantee:                                                             

12

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