Exhibit 10.1

 

TRANSDIGM INC.,

 

THE GUARANTORS named herein

 

and

 

THE BANK OF NEW YORK, as Trustee

 

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

 

SECOND SUPPLEMENTAL INDENTURE

 

Dated as of February 10, 2005

 

To

 

Indenture Dated as of July 22, 2003 By and Among

 

TRANSDIGM INC.,

 

the GUARANTORS named therein and

 

THE BANK OF NEW YORK, as Trustee

 

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

 

Pursuant to which there were issued $400,000,000 of

 

8 3/8% Senior Subordinated Notes due 2011

 

of TransDigm Inc.

 

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

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

SECOND SUPPLEMENTAL INDENTURE

 

SECOND SUPPLEMENTAL INDENTURE (this “SUPPLEMENTAL INDENTURE”), dated as of
February 10, 2005, among Avionic Instruments Inc., a Delaware corporation and a
wholly-owned subsidiary of TransDigm Inc. (“AVIONIC”), DAC Realty Corp., a New
Jersey corporation and a wholly-owned subsidiary of TransDigm Inc. (“DAC” and,
together with Avionic, the “GUARANTEEING SUBSIDIARIES” and each such subsidiary
is referred to herein as a “GUARANTEEING SUBSIDIARY”), TransDigm Inc., a
Delaware corporation and the successor by merger to TD Funding Corporation (the
“COMPANY”), TransDigm Holding Company, a Delaware corporation and the successor
by merger to TD Acquisition Corporation (“HOLDINGS”), Adams Rite Aerospace,
Inc., a California corporation (“ADAMS RITE”), ZMP, Inc., a California
corporation (“ZMP”), MarathonNorco Aerospace, Inc., a Delaware corporation
(“MARATHON”), Christie Electric Corp., a Delaware corporation (“CHRISTIE”), TD
Finance Corporation, a Delaware corporation (“TD FINANCE”), and Champion
Aerospace, Inc., a Delaware corporation (“CHAMPION” and, together with the
Guaranteeing Subsidiaries, Holdings, Adams Rite, ZMP, Marathon, Christie and TD
Finance, the “GUARANTORS”), and The Bank of New York, as trustee under the
indenture referred to below (the “TRUSTEE”).

 

W I T N E S S E T H

 

WHEREAS, the Company, Holdings, Adams Rite, ZMP, Marathon, Christie and Champion
have heretofore executed and delivered to the Trustee an indenture (the
“INDENTURE”), dated as of July 22, 2003 providing for the issuance by the
Company of an aggregate principal amount of up to $400 million of 8 3/8% Senior
Subordinated Notes due 2011 (the “NOTES”) and the guarantees thereof by
Holdings, Adams Rite, ZMP, Marathon, Christie and Champion;

 

WHEREAS, the Company, Holdings, Adams Rite, ZMP, Marathon, Christie, Champion
and TD Finance have heretofore executed and delivered to the Trustee the First
Supplemental Indenture (the “FIRST SUPPLEMENTAL INDENTURE”), dated as of October
13, 2003, to the Indenture, pursuant to which, and subject to the terms and
conditions set forth therein, TD Finance agreed to provide a senior subordinated
guarantee of payment of the Notes issued by the Company under the Indenture;

 

WHEREAS, the Indenture provides that under certain circumstances newly created
or acquired Domestic Restricted Subsidiaries of the Company shall execute and
deliver to the Trustee a supplemental indenture providing for a senior
subordinated guarantee of payment of the Notes by such New Domestic Subsidiary
(the “SUBSIDIARY GUARANTEE”); and

 

WHEREAS, pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized
to execute and deliver this Supplemental Indenture.

 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, each Guaranteeing

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

Subsidiary covenants and agrees 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. GUARANTEE, ETC. Each Guaranteeing Subsidiary hereby agrees that on the
effective date of this Supplemental Indenture it shall be a Guarantor under the
Indenture and be bound by the terms thereof applicable to Guarantors and shall
be entitled to all of the rights and subject to all the obligations of a
Guarantor thereunder.

 

3. EXECUTION AND DELIVERY. Each Guaranteeing Subsidiary agrees that the
Subsidiary Guarantee granted by it pursuant to the terms hereof shall remain in
full force and effect notwithstanding any failure to endorse on each Note a
notation of such Guarantee.

 

4. NO RECOURSE AGAINST OTHERS. No past, present or future director, officer,
employee, incorporator, stockholder or agent of any Guaranteeing Subsidiary (or
any successor entity), as such, shall have any liability for any obligations of
the Company, such Guaranteeing Subsidiary or any other Guarantor under the
Notes, any Guarantee, the Indenture, the First Supplemental Indenture or this
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.

 

5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL
GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT
TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION
OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

 

6. COUNTERPART ORIGINALS. The parties may sign any number of copies of this
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 have been inserted for convenience
of reference only, are not to be considered part of this Supplemental Indenture
and shall in no way modify or restrict any of the terms or provisions 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 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.

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

IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental
Indenture to be duly executed as of the date first above written.

 

TRANSDIGM INC. By:  

/s/ Gregory Rufus

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

Name:   Gregory Rufus Title:   VP and Chief Financial Officer TRANSDIGM HOLDING
COMPANY By:  

/s/ Gregory Rufus

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

Name:   Gregory Rufus Title:   VP and Chief Financial Officer TD FINANCE
CORPORATION By:  

/s/ Gregory Rufus

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

Name:   Gregory Rufus Title:   VP and Treasurer ADAMS RITE AEROSPACE, INC. By:  

/s/ Gregory Rufus

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

Name:   Gregory Rufus Title:   Treasurer and Asst. Secretary ZMP, INC. By:  

/s/ Gregory Rufus

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

Name:   Gregory Rufus Title:   Treasurer and Asst. Secretary MARATHONNORCO
AEROSPACE, INC. By:  

/s/ Gregory Rufus

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

Name:   Gregory Rufus Title:   Treasurer and Asst. Secretary CHRISTIE ELECTRIC
CORP. By:  

/s/ Gregory Rufus

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

Name:   Gregory Rufus Title:   Treasurer and Asst. Secretary

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

CHAMPION AEROSPACE, INC. By:  

/s/ Gregory Rufus

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

Name:   Gregory Rufus Title:   Treasurer and Asst. Secretary AVIONIC INSTRUMENTS
INC. By:  

/s/ Gregory Rufus

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

Name:   Gregory Rufus Title:   Treasurer and Asst. Secretary DAC REALTY CORP.
By:  

/s/ Gregory Rufus

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

Name:   Gregory Rufus Title:   Treasurer and Asst. Secretary THE BANK OF NEW
YORK, as Trustee By:  

/s/ Joseph A. Lloret

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

Name:   Joseph A. Lloret Title:   Assistant Secretary