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Master Restructuring Agreement

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Title:

Master Restructuring Agreement

Entities:

Harris Corp.; Teltronics, Inc.

Date:

2002

Size:

Preview shows 6KB of 81KB total

Price:

$44

ID:

#661131

► M&A ► Restructuring ► Master Restructuring Agreements
► Technology ► Communications Equipment

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                         MASTER RESTRUCTURING AGREEMENT



                                 BY AND BETWEEN



                               HARRIS CORPORATION



                                       AND



                                TELTRONICS, INC.



      --------------------------------------------------------------------







                           DATED AS OF MARCH 27, 2002











================================================================================





{PAGE}





                         MASTER RESTRUCTURING AGREEMENT



                                TABLE OF CONTENTS







(This Table of Contents is for convenience of reference only and is not intended

to define, limit, or describe the scope or intent of any provision of this

Agreement.)



{TABLE}

{CAPTION}

                                                                                                 Page

                                                                                                 ----

                                    ARTICLE I

                       DEFINITIONS; RULES OF CONSTRUCTION



{S}                                                                                               {C}

Section 1.1       Definitions......................................................................2

                  -----------

Section 1.2       Location of Additional Defined Terms.............................................3

                  ------------------------------------

Section 1.3       Rules of Construction............................................................4

                  ---------------------



                                   ARTICLE II

               TERMS OF THE RESTRUCTURING TRANSACTION AND CLOSING



Section 2.1       Transaction......................................................................5

                  -----------

Section 2.2       The Closing......................................................................6

                  -----------

Section 2.3       Further Assurances...............................................................6

                  ------------------



                                   ARTICLE III

                  REPRESENTATIONS AND WARRANTIES OF TELTRONICS



Section 3.1       Organization; Authority..........................................................6

                  -----------------------

Section 3.2       Authorization of Transaction; No-contravention...................................6

                  ----------------------------------------------

Section 3.3       Consents and Approvals...........................................................7

                  ----------------------

Section 3.4       Legal Proceedings................................................................7

                  -----------------

Section 3.5       Limited Offering.................................................................7

                  ----------------

Section 3.6       Capitalization...................................................................8

                  --------------

Section 3.7       Sec Reports......................................................................9

                  -----------

Section 3.8       Accounting Matters...............................................................9

                  ------------------

Section 3.9       Registration Rights..............................................................9

                  -------------------

Section 3.10      No Default.......................................................................9

                  ----------

Section 3.11      Solvency.........................................................................10

                  --------

Section 3.12      Financial Projections............................................................10

                  ---------------------

Section 3.13      Amounts Due Harris...............................................................10

                  ------------------

Section 3.14      Disclosure.......................................................................10

                  ----------

{/TABLE}





                                   ARTICLE IV

                    REPRESENTATIONS AND WARRANTIES OF HARRIS



                                       i



{PAGE}



{TABLE}



{S}               {C}

Section 4.1       Organization; Authority..........................................................10

                  -----------------------

Section 4.2       Authorization of Transaction; Non-contravention..................................11

                  -----------------------------------------------

Section 4.3       Consents and Approvals...........................................................11

                  ----------------------

Section 4.4       Legal Proceedings................................................................11

                  -----------------

Section 4.5       Regulation D.....................................................................11

                  ------------

End of Preview

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