WAIVER ANDCONSENT TO AMENDED AND RESTATED CREDIT AGREEMENT

Exhibit 10.1

EXECUTION VERSION

WAIVER AND CONSENT TO AMENDED AND RESTATED CREDIT AGREEMENT

This WAIVER AND CONSENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Waiver”) is dated as of August 7, 2014 (the “Effective Date”), among L-3 COMMUNICATIONS CORPORATION, a Delaware corporation (“Borrower”), and the Required Lenders party hereto (the “Required Lenders”). This Waiver is made with reference to that certain Amended and Restated Credit Agreement, dated as of February 3, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among the Borrower, the certain Guarantors party thereto, the Lenders party thereto, and BANK OF AMERICA, N.A. (together with its permitted successors), as Administrative Agent. All capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement.

WITNESSETH:

WHEREAS, pursuant to Section 7.01(ii) of the Credit Agreement, the Borrower is required to deliver to the Administrative Agent the quarterly financial reports described therein, within 45 days after the end of each fiscal quarter of the Borrower (except with respect to the fourth quarter of each fiscal year);

WHEREAS, the Borrower has requested that the Required Lenders waive compliance with the 45-day requirement under Section 7.01(ii) of the Credit Agreement for delivery of the Borrower’s quarterly financial reports for the fiscal quarter ending June 27, 2014 (such quarterly financial reports, the “Specified Financials” and such delivery requirement with respect to such fiscal quarter only, the “Specified Delivery Requirement”), and consent to the delivery by the Borrower of the Specified Financials no later than September 25, 2014;

WHEREAS, the Required Lenders have agreed to provide this Waiver as set forth herein under the Credit Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

ARTICLE I

SECTION 1.01 Waiver and Consent. On the terms and subject to the conditions set forth herein and in reliance upon the representations and warranties of the Borrower set forth in Article III hereof, the Required Lenders hereby (a) waive the Specified Delivery Requirement and (b) consent to the delivery of the Specified Financials on or prior to September 25, 2014.

The foregoing is effective solely for the purposes expressly set forth herein and shall be limited precisely as written and shall not be in any event deemed (i) to constitute a waiver or modification of any other term or condition of the Credit Agreement or any other Loan Document or (ii) except as expressly set forth herein, to prejudice any right or remedy that the Administrative Agent or the Lenders may have at any time under or in connection with the Credit Agreement or any other Loan Document.

ARTICLE II

SECTION 2.01 Conditions to Effectiveness. This Waiver shall become effective (the “Waiver Effective Date”) when the following conditions are satisfied:

(a) the Administrative Agent shall have received counterparts of this Waiver executed by the Borrower, the Required Lenders and the Guarantors;

(b) after giving effect to this Waiver, the representations and warranties set forth in Article III of this Waiver shall be true and correct in all material respects on and as of the Waiver Effective Date, to the same extent as though made on and as of that date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date; and

(c) both before and after giving effect to this Waiver, no Default or Event of Default has occurred and is continuing.

ARTICLE III

The Borrower represents and warrants to the Administrative Agent and each of the Lenders that:

SECTION 3.01 Authorization; Enforceability. The Waiver to be entered into by each Loan Party is within such Loan Party’s corporate powers and has been duly authorized by all necessary corporate action on the part of such Loan Party. This Waiver has been duly executed and delivered by each Loan Party and constitutes a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing.

SECTION 3.02 No Conflicts. Except as could not reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect, the execution and delivery of this Waiver (a) will not violate any Law or any Contractual Obligation applicable to or binding upon Holdings, the Borrower or any Subsidiary of the Borrower or any of their respective properties or assets, (b) will not violate any provision of any Organization Document of Holdings, the Borrower or any Subsidiary of the Borrower and (c) will not result in the creation or imposition of any Lien on any of its properties or assets pursuant to any Law applicable to it or any of its Contractual Obligations.

SECTION 3.03 No Default. No Default or Event of Default exists, or would result from the transactions contemplated by this Waiver, after giving effect to this Waiver.

SECTION 3.04 Representations and Warranties. The representations and warranties of the Borrower and each other Loan Party contained in Article VI of the Credit Agreement or any other Loan Document, are true and correct in all material respects on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date.

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ARTICLE IV

SECTION 4.01 Acknowledgement and Consent By the Guarantors. Each Guarantor hereby acknowledges that it has read this Waiver and consents to the terms hereof and further confirms and agrees that, notwithstanding the effectiveness of this Waiver, its obligations under the Credit Agreement and the other Loan Documents shall not be impaired or affected and such obligations are, and shall continue to be, in full force and effect and are hereby confirmed and ratified in all respects.

ARTICLE V

SECTION 5.01 Miscellaneous.

(a) Governing Law. This Waiver shall be construed in accordance with and governed by the law of the State of New York. This Waiver shall constitute a Loan Document and shall be administered and construed pursuant to the terms of the Credit Agreement (including, without limitation, Article XI thereof).

(b) Headings. Article and Section headings used herein are for convenience of reference only, are not part of this Waiver and shall not affect the construction of, or be taken into consideration in interpreting, this Waiver.

(c) Severability. Any provision of this Waiver held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

(d) Counterparts. This Waiver may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Waiver by fascimile or electronic transmission shall be effective as delivery of a manually executed counterpart of this Waiver.

[Signature Pages Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Waiver to be duly executed by their respective authorized officers as of the day and year first above written.

[Signature Page to Waiver and Consent]

[Signature Page to Waiver and Consent]

Acknowledged and Agreed:

[Signature Page to Waiver and Consent]

GUARANTORS:

BROADCAST SPORTS INC.,

a Delaware corporation

ELECTRODYNAMICS, INC.,

an Arizona corporation

FUNA INTERNATIONAL, INC.,

a Florida corporation

INTERSTATE ELECTRONICS CORPORATION,

a California corporation

L-3 COMMUNICATIONS AIS GP CORPORATION,

a Delaware corporation

L-3 COMMUNICATIONS AVIONICS SYSTEMS, INC.,

a Delaware corporation

L-3 COMMUNICATIONS CINCINNATI ELECTRONICS

CORPORATION, an Ohio corporation

L-3 COMMUNICATIONS DYNAMIC POSITIONING

AND CONTROL SYSTEMS, INC., a California corporation

L-3 COMMUNICATIONS ELECTRON

TECHNOLOGIES, INC., a Delaware corporation

L-3 COMMUNICATIONS EO/IR, INC.,

a Florida corporation

L-3 COMMUNICATIONS ESSCO, INC.,

a Delaware corporation

L-3 COMMUNICATIONS FOREIGN HOLDINGS, INC.,

a Delaware corporation

L-3 COMMUNICATIONS INVESTMENTS INC.,

a Delaware corporation

L-3 COMMUNICATIONS KLEIN ASSOCIATES, INC.,

a Delaware corporation

L-3 COMMUNICATIONS MARIPRO, INC.,

a California corporation

L-3 COMMUNICATIONS MOBILE-VISION, INC.,

a New Jersey corporation

L-3 COMMUNICATIONS SECURITY AND DETECTION

SYSTEMS, INC., a Delaware corporation

L-3 COMMUNICATIONS SONOMA EO, INC.,

a California corporation

[Signature Page to Waiver and Consent]

GUARANTORS:

L-3 COMMUNICATIONS WESTWOOD

CORPORATION, a Nevada corporation

L-3 APPLIED TECHNOLOGIES, INC.,

a Delaware corporation

L-3 CHESAPEAKE SCIENCES CORPORATION,

a Maryland corporation

L-3 DOMESTIC HOLDINGS, INC.,

a Delaware corporation

L-3 FUZING AND ORDNANCE SYSTEMS, INC.,

a Delaware corporation

L-3 G.A. INTERNATIONAL, INC.,

a Florida corporation

L-3 NATIONAL SECURITY SOLUTIONS, INC.,

a Delaware corporation

L-3 ADVANCED PROGRAMS, INC.,

a Delaware corporation

L-3 UNIDYNE, INC.,

a Delaware corporation

L-3 UNMANNED SYSTEMS, INC.,

a Texas corporation

PAC ORD INC.,

a Delaware corporation

POWER PARAGON, INC.,

a Delaware corporation

SPD ELECTRICAL SYSTEMS, INC.,

a Delaware corporation

SPD SWITCHGEAR INC.,

a Delaware corporation

TITAN FACILITIES, INC.,

a Virginia corporation

[Signature Page to Waiver and Consent]

L-3 COMMUNICATIONS INTEGRATED SYSTEMS L.P.,

a Delaware limited liability partnership

By: L-3 COMMUNICATIONS AIS GP CORPORATION,

as General Partner

L-3 COMMUNICATIONS GERMANY HOLDINGS, LLC

a Delaware limited liability company

By: L-3 COMMUNICATIONS CORPORATION,

as Sole Member

L-3 COMMUNICATIONS VERTEX AEROSPACE LLC,

a Delaware limited liability company

[Signature Page to Waiver and Consent]

L-3 COMMUNICATIONS FLIGHT CAPITAL LLC,

L-3 COMMUNICATIONS FLIGHT INTERNATIONAL

AVIATION LLC,

L-3 COMMUNICATIONS VECTOR INTERNATIONAL

AVIATION LLC,

each a Delaware limited liability company

[Signature Page to Waiver and Consent]

Acknowledged and Agreed:

[Signature Page to Waiver and Consent]