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Purchase Agreement

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Title:

Purchase Agreement

Entities:

Logimetrics Inc

Date:

2000

Size:

Preview shows 5KB of 481KB total

Price:

$99

ID:

#1404409

► Purchase & Sale ► Purchase Agreements

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                               PURCHASE AGREEMENT



                               DATED JULY 10, 2000



                                     BETWEEN



                                LOGIMETRICS, INC.



                                       AND



                         L-3 COMMUNICATIONS CORPORATION







<PAGE>





                                TABLE OF CONTENTS

<TABLE>

<CAPTION>

                                                                                                                 PAGE

<S>                                                                                                                <C>

ARTICLE I             PURCHASE AND SALE OF COMMON STOCK........................................................... 1

         Section 1.1........................................................Purchase and Sale of Purchaser Shares. 1

         Section 1.2......................................................................................Closing. 3

         Section 1.3...................................................................Purchaser Share Adjustment. 3

         Section 1.4............................................................................Additional Shares. 3

         Section 1.5.........................................................................Certain Indebtedness. 5

         Section 1.6...................................................................Technology Transfer Option. 5

         Section 1.7......................................................................Administration Services. 6

         Section 1.8............................................................................L-3 Stock Options. 6

ARTICLE II            REPRESENTATIONS AND WARRANTIES OF THE COMPANY............................................... 7

         Section 2.1.................................................Organization and Qualification; Subsidiaries. 7

         Section 2.2................................................................................Authorization. 8

         Section 2.3............................................................................Non-contravention. 8

         Section 2.4..................................................................................No Consents. 9

         Section 2.5................................................................Capitalization of the Company. 9

         Section 2.6.............................................................................SEC Reports, etc. 10

         Section 2.7..............................................................Absence of Certain Developments. 11

         Section 2.8...................................................Governmental Authorizations; Licenses; Etc. 12

         Section 2.9...................................................................................Litigation. 13

         Section 2.10.....................................................................Undisclosed Liabilities. 13

         Section 2.11.......................................................................................Taxes. 13

         Section 2.12.......................................................................Environmental Matters. 14

         Section 2.13..........................................................................Proprietary Rights. 15

         Section 2.14...........................................................................Books and Records. 17

         Section 2.15.....................................................................................Brokers. 17

         Section 2.16.............................................................................Use of Proceeds. 17

         Section 2.17............................................................Absence of Questionable Payments. 17

         Section 2.18.................................................................Accuracy of Representations. 17

         Section 2.19......................................................................................Assets. 18

         Section 2.20...................................................................................Contracts. 18

</TABLE>

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