Exhibit 10.1

THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

This THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (“Third
Amendment”) dated as of December 22, 2006 is made by and among TRIUMPH GROUP,
INC., a Delaware corporation (the “Borrower”); and PNC BANK, NATIONAL
ASSOCIATION, a national banking association as Administrative Agent for the
Banks under the Amended and Restated Credit Agreement referred to herein
(hereinafter referred to in such capacity as the “Administrative Agent”); BANK
OF AMERICA, N.A., in its capacity as syndication agent for the Banks under such
agreement (hereinafter referred to in such capacity as the “Syndication Agent”);
CITIZENS BANK OF PENNSYLVANIA, in its capacity as documentation agent for the
Banks under such agreement (herein referred to in such capacity as the
“Documentation Agent”) and each of MANUFACTURERS AND TRADERS TRUST COMPANY and
JPMORGAN CHASE BANK, N.A., each in its capacity as Managing Agent for the Banks
under such agreement (hereinafter referred to in such capacity as the “Managing
Agent”) and PNC BANK, NATIONAL ASSOCIATION;  BANK OF AMERICA, N.A.; CITIZENS
BANK OF PENNSYLVANIA; MANUFACTURERS AND TRADERS TRUST COMPANY; NATIONAL CITY
BANK;  JPMORGAN CHASE BANK, N.A.; SOVEREIGN BANK; BRANCH BANKING AND TRUST
COMPANY; LASALLE BANK NATIONAL ASSOCIATION as the Banks; and PNC CAPITAL
MARKETS, LLC as Lead Arranger.

Reference is made to the Amended and Restated Credit Agreement dated as of July
27, 2005 by and among the Borrower, the Banks, the Administrative Agent, the
Syndication Agent, the Documentation Agent and the Managing Agents, as amended
pursuant to that First Amendment To Amended And Restated Credit Agreement dated
as of September 18, 2006 and as amended pursuant to that Second Amendment to
Amended and Restated Credit Agreement dated as of October 20, 2006 (as so
amended, the “Credit Agreement”).  (Capitalized terms used herein not otherwise
defined shall have the meanings provided for in the Credit Agreement.)

The Borrower, the Banks and the Agents have agreed that the Credit Agreement be
amended as provided herein, effective as of the date hereof.

NOW, THEREFORE, in consideration of the foregoing and for other consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto,
intending to be legally bound, hereby agree as follows:

1.             AMENDMENTS TO CREDIT AGREEMENT.

(A)            AMENDMENT TO SECTION 7.2.1.1 (INDEBTEDNESS - GENERAL COVENANT) OF
CREDIT AGREEMENT.

Subsections (v) and (x) of Section 7.2.1.1 (Indebtedness - General Covenant) of
the Credit Agreement are each hereby amended and restated, respectively to read
as follows:

“(v)         Indebtedness under lines of credit to Borrower and letters of
credit for the account of the Borrower of no more than $25,000,000 in the
aggregate outstanding at any time;”

“(x)          Indebtedness under IDB’s incurred after the Closing Date .”

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The remainder of Section 7.2.1.1 (Indebtedness - General Covenant) remains
unchanged hereby.

(B)           AMENDMENT TO SECTION 7.2.1.2 (INDEBTEDNESS - LIMITATION ON
AGGREGATE AMOUNT) OF CREDIT AGREEMENT.

Section 7.2.1.2 (Indebtedness - Limitation on Aggregate Amount) of the Credit
Agreement is hereby amended and restated to read as follows:

“7.2.1.2   Limitation on Aggregate Amount.

The sum of the outstanding principal amount of (A) all Indebtedness of
Subsidiaries, including Guaranties (other than the Guaranty and Suretyship
Agreement executed in connection herewith), plus (B) secured Indebtedness of the
Borrower shall not at any time exceed 20% of Consolidated Net Worth as of each
quarter end, and with respect to any determinations of this covenant within a
fiscal quarter as of the end of the immediately preceding fiscal quarter.”

(C)           AMENDMENT TO SECTION 7.2.19 (CAPITAL EXPENDITURES).

Section 7.2.19 (Capital Expenditures) of the Credit Agreement is hereby amended
and restated to read as follows:

“7.2.19    Intentionally Omitted.”

2.             TEMPORARY WAIVER UNDER THE LOAN DOCUMENTS.  BORROWER REPRESENTS
AND WARRANTS THAT (I) EACH OF TRIUMPH ALLIED AEROSPACE SYSTEMS, INC. (“ALLIED”),
TRIUMPH AEROSPACE SYSTEMS - NEWPORT NEWS, INC. (“NEWPORT”) (COLLECTIVELY THE
“NEW SUBS”) IS A RECENTLY ACQUIRED MATERIAL SUBSIDIARY OF THE BORROWER WHICH IS
REQUIRED TO JOIN THE CREDIT AGREEMENT AS A GUARANTOR, (II) NEWPORT OWNS THREE
SUBSIDIARIES WHICH ARE NOT MATERIAL SUBSIDIARIES, (III) ON OR ABOUT DECEMBER 31,
2006, THE BORROWER INTENDS TO REORGANIZE THE CORPORATE STRUCTURE OF THE NEW SUBS
SUCH THAT ALLIED AND EACH OF NEWPORT’S SUBSIDIARIES WILL BE MERGED INTO
NEWPORT.  BORROWER HAS REQUESTED THAT THE LENDERS TEMPORARILY POSTPONE THE
REQUIREMENT THAT EACH OF THE NEW SUBS JOIN AS A GUARANTOR PENDING SUCH
RESTRUCTURING.  THE LENDERS HEREBY POSTPONE FOR THIRTY (30) DAYS FROM THE DATE
HEREOF THE REQUIREMENT THAT EACH OF THE NEW SUBS JOIN AS GUARANTORS AND DELIVER
THE REQUIRED DOCUMENTS UNDER THE ADDITIONAL GUARANTOR JOINDER AND THE CREDIT
AGREEMENT; PROVIDED THAT, WITHIN SUCH THIRTY (30) DAY PERIOD, THE SURVIVING
ENTITIES OF THE RESTRUCTURING JOIN AS GUARANTORS TO THE CREDIT AGREEMENT
PURSUANT TO AN ADDITIONAL GUARANTOR JOINDER AND DELIVER ALL OF THE REQUIRED
DOCUMENTS IN CONNECTION WITH SUCH JOINDER, AND PROVIDED FURTHER, THAT IF THE
AFOREMENTIONED RESTRUCTURING DOES NOT OCCUR PRIOR TO JANUARY 22, 2007, ALL OF
THE NEW SUBS SHALL JOIN AS GUARANTORS AND DELIVER ALL REQUIRED DOCUMENTS PRIOR
TO SUCH DATE.

3.             EFFECTIVENESS OF THIRD AMENDMENT.  THIS THIRD AMENDMENT SHALL BE
EFFECTIVE ON THE DATE UPON WHICH EACH OF THE FOLLOWING CONDITIONS PRECEDENT HAS
BEEN SATISFIED.

(A)           EXECUTION OF THIS THIRD AMENDMENT.

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THIS THIRD AMENDMENT SHALL HAVE BEEN EXECUTED BY THE BORROWER, EACH OF THE
GUARANTORS AND EACH OF THE BANKS.

(B)           FEES AND EXPENSES.

The Borrower shall have paid to the Agent all fees and expenses due and payable,
including reasonable fees of the Administrative Agent’s counsel.

4.             MISCELLANEOUS.

(A)           ALL OF THE TERMS, CONDITIONS, PROVISIONS AND COVENANTS IN THE
NOTES, THE CREDIT AGREEMENT, THE LOAN DOCUMENTS, AND ALL OTHER DOCUMENTS
DELIVERED TO THE BANKS AND THE ADMINISTRATIVE AGENT IN CONNECTION WITH ANY OF
THE FOREGOING DOCUMENTS AND OBLIGATIONS SECURED THEREBY SHALL REMAIN UNALTERED
AND IN FULL FORCE AND EFFECT EXCEPT AS MODIFIED BY THIS THIRD AMENDMENT AND ARE
HEREBY RATIFIED AND CONFIRMED.

(B)           THIS THIRD AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA.

(C)           THE BORROWER SHALL REIMBURSE THE ADMINISTRATIVE AGENT FOR ALL
EXPENSES FOR WHICH THE ADMINISTRATIVE AGENT IS ENTITLED TO BE REIMBURSED,
INCLUDING THE FEES OF COUNSEL FOR THE ADMINISTRATIVE AGENT IN CONNECTION WITH
THIS THIRD AMENDMENT.

(D)           EACH AND EVERY ONE OF THE TERMS AND PROVISIONS OF THIS THIRD
AMENDMENT SHALL BE BINDING UPON AND SHALL INURE TO THE BENEFIT OF THE BORROWER,
THE BANKS AND THE ADMINISTRATIVE AGENT AND THEIR RESPECTIVE SUCCESSORS AND
ASSIGNS.

(E)           THIS THIRD AMENDMENT MAY BE EXECUTED IN ONE OR MORE COUNTERPARTS,
EACH OF WHICH SHALL BE DEEMED TO BE AN ORIGINAL AS AGAINST ANY PARTY WHOSE
SIGNATURE APPEARS THEREON, AND ALL OF WHICH SHALL CONSTITUTE BUT ONE AND THE
SAME INSTRUMENT.

(F)            THE EXECUTION AND DELIVERY OF THIS THIRD AMENDMENT SHALL NOT BE
CONSTRUED TO ESTABLISH A COURSE OF CONDUCT OR IMPLY THAT ANY OTHER, FUTURE OR
FURTHER WAIVERS, CONSENTS OR FORBEARANCE SHALL BE CONSIDERED, PROVIDED OR AGREED
TO.

(G)           THE BORROWER REPRESENTS AND WARRANTS THAT THERE EXISTS NO EVENT OF
DEFAULT OR POTENTIAL DEFAULT.

(H)           THE BORROWER REPRESENTS AND WARRANTS THAT ALL OF THE PERSONS
REQUIRED TO BE “GUARANTORS” ARE IN FACT GUARANTORS, HAVE BECOME A PARTY TO THE
GUARANTY AND SURETYSHIP AGREEMENT BY EXECUTING AND DELIVERING TO THE
ADMINISTRATIVE AGENT ON BEHALF OF THE BANKS THE GUARANTOR JOINDER, AND HAVE
EXECUTED THIS THIRD AMENDMENT AS OF THE THIRD AMENDMENT EFFECTIVE DATE.

(I)            THE LOAN PARTIES HEREBY REPRESENT AND WARRANT TO THE
ADMINISTRATIVE AGENT AND THE BANKS THAT AFTER GIVING EFFECT TO THIS THIRD
AMENDMENT, (A) THE REPRESENTATIONS AND WARRANTIES OF THE LOAN PARTIES CONTAINED
IN THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS ARE TRUE AND CORRECT ON AND
AS OF THE THIRD AMENDMENT EFFECTIVE DATE WITH THE SAME FORCE AND

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EFFECT AS THOUGH MADE BY THE LOAN PARTIES ON SUCH DATE, EXCEPT TO THE EXTENT
THAT ANY SUCH REPRESENTATION OR WARRANTY EXPRESSLY RELATES SOLELY TO A PREVIOUS
DATE, AND (B) THE LOAN PARTIES ARE IN COMPLIANCE WITH ALL TERMS, CONDITIONS,
PROVISIONS, AND COVENANTS CONTAINED IN THE CREDIT AGREEMENT AND THE OTHER LOAN
DOCUMENTS.  THIS THIRD AMENDMENT HAS BEEN DULY EXECUTED BY AN AUTHORIZED OFFICER
OF EACH LOAN PARTY.  THE EXECUTION, DELIVERY, AND PERFORMANCE OF THIS AMENDMENT
HAVE BEEN DULY AUTHORIZED BY ALL NECESSARY CORPORATE ACTION, REQUIRE NO
GOVERNMENTAL APPROVAL, AND WILL NEITHER CONTRAVENE, CONFLICT WITH, NOR RESULT IN
THE BREACH OF ANY LAW, CHARTER, ARTICLES, OR CERTIFICATE OF INCORPORATION OR
ORGANIZATION, BYLAWS, OPERATING AGREEMENT OR OTHER AGREEMENT GOVERNING OR
BINDING UPON ANY OF THE LOAN PARTIES OR ANY OF THEIR PROPERTY.  EACH LOAN PARTY
IS IN GOOD STANDING IN ITS JURISDICTION OF ORGANIZATION.

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[SIGNATURE PAGE 1 OF 12 TO THE
THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

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

 

ATTEST:

 

TRIUMPH GROUP, INC.

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ John B. Wright, II

 

By:

/s/ John R. Bartholdson

(SEAL)

Name:

John B. Wright, II

 

Name: John R. Bartholdson

 

 

Title:

Vice President and Secretary

 

Title: Senior Vice President, Chief Financial

 

 

 

 

  Officer and Treasurer

 

 

 

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[SIGNATURE PAGE 2 OF 12 TO THE
THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

PNC BANK, NATIONAL ASSOCIATION,
individually and as Administrative Agent

 

 

 

 

 

By:

/s/ Frank A. Pugliese

 

 

Name:

Frank A. Pugliese

 

Title:

Senior Vice President

 

 

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[SIGNATURE PAGE 3 OF 12 TO THE
THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

BANK OF AMERICA, N.A., individually and
as Syndication Agent

 

 

 

 

 

By:

/s/ Mary K. Giermek

 

Name:

Mary K. Giermek

 

Title:

Senior Vice President

 

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[SIGNATURE PAGE 4 OF 12 TO THE
THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

CITIZENS BANK OF PENNSYLVANIA,
individually and as Documentation Agent

 

 

 

 

 

By:

/s/ He Young Ryn

 

Name:

He Young Ryn

 

Title:

Vice President

 

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[SIGNATURE PAGE 5 OF 12 TO THE
THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

MANUFACTURERS AND TRADERS

 

TRUST COMPANY, individually and as

 

Managing Agent

 

 

 

 

 

By:

/s/ Tracey E. Sawyer-Calhoun

 

Name:

Tracey E. Sawyer-Calhoun

 

Title:

Vice President

 

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[SIGNATURE PAGE 6 OF 12 TO THE
THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

JPMORGAN CHASE BANK, N.A.,

 

individually and as Managing Agent

 

 

 

 

 

 

 

By:

/s/ Lee P. Brennan

 

Name:

Lee P. Brennan

 

Title:

Vice President

 

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[SIGNATURE PAGE 7 OF 12 TO THE
THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

NATIONAL CITY BANK

 

 

 

 

 

 

 

By:

/s/ Susan S. Callahan

 

Name:

Susan S. Callahan

 

Title:

Vice President

 

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[SIGNATURE PAGE 8 OF 12 TO THE
THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

SOVEREIGN BANK

 

 

 

 

 

 

 

By:

/s/ Kimberly Tavars

 

Name:

Kimberly Tavars

 

Title:

Vice President

 

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[SIGNATURE PAGE 9 OF 12 TO THE
THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

BRANCH BANKING AND TRUST

 

COMPANY

 

 

 

 

 

 

 

By:

/s/ Gregory A. Drabik

 

Name:

Gregory A. Drabik

 

Title:

Assistant Vice President

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[SIGNATURE PAGE 10 OF 12 TO THE
THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

LASALLE BANK NATIONAL

 

ASSOCIATION

 

 

 

 

 

 

 

By:

/s/ Nick Lotz

 

Name:

Nick Lotz

 

Title:

Assistant Vice President

 

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[SIGNATURE PAGE 11 OF 12 TO THE
THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

ACCEPTED AND AGREED BY

 

GUARANTORS AS FOLLOWS:

 

 

 

NU-TECH BRANDS, INC.

 

TRIUMPH BRANDS, INC.

 

TRIUMPH GROUP ACQUISITION CORP.

 

 

 

By:

/s/ John R. Bartholdson

 

 

Name: John R. Bartholdson

 

Title: President and Treasurer of each of the above
named companies

 

 

 

 

 

CBA MARINE SAS

 

CONSTRUCTIONS BREVETEES D’ALFORTVILLE

 

SAS

 

MGP HOLDINGS SAS

 

TRIUMPH LOGISTICS-UK, LIMITED (f/k/a Triumph Aftermarket Services (Europe)
Limited)

 

TRIUMPH CONTROLS (EUROPE) SAS

 

TRIUMPH INTERIORS LIMITED

 

 

 

By:

/s/ John R. Bartholdson

 

 

Name: John R. Bartholdson

 

Title: Director

 

 

 

TRIUMPH AFTERMARKET SERVICES
INTERNATIONAL, LLC

 

 

 

By:

/s/ John R. Bartholdson

 

 

Name: John R. Bartholdson

 

Title: Director and Treasurer

 

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[SIGNATURE PAGE 12 OF 12 TO THE
THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

 

GUARANTORS (cont.):

 

 

 

TRIUMPH FABRICATIONS - FORT WORTH, INC. (f/k/a Aerospace Technologies, Inc.)

 

CBA ACQUISITION, LLC

 

TRIUMPH FABRICATIONS - HOT SPRINGS, INC. (f/k/a Chem-Fab Corporation)

 

TRIUMPH PROCESSING, INC. (f/k/a DV Industries, Inc.)

 

TRIUMPH ACTUATION SYSTEMS - VALENCIA, INC. (f/k/a EFS Aerospace, Inc.)

 

TRIUMPH ACTUATION SYSTEMS, LLC (f/k/a Frisby Aerospace, LLC)

 

TRIUMPH INSTRUMENTS - TETERBORO, INC. (f/k/a Furst Aircraft, Inc.)

 

TRIUMPH ACTUATION SYSTEMS - CONNECTICUT, LLC (f/k/a HTD Aerospace, LLC)

 

HT PARTS, LLC

 

LAMAR ELECTRO-AIR CORPORATION

 

TRIUMPH AEROSPACE SYSTEMS - WICHITA, INC. (f/k/a Lee Aerospace, Inc.)

 

TRIUMPH STRUCTURES - KANSAS CITY, INC. (f/k/a Nu-Tech Industries, Inc.)

 

THE TRIUMPH GROUP OPERATIONS, INC.

 

THE TRIUMPH GROUP OPERATIONS HOLDINGS, INC.

 

TRIUMPH AEROSPACE SYSTEMS GROUP, INC.

 

TRIUMPH AFTERMARKET SERVICES GROUP, INC.

 

TRIUMPH AIRBORNE STRUCTURES, INC. (formerly Airborne Nacelle Services, Inc.)

 

TRIUMPH AVIATIONS, INC.

 

TRIUMPH FABRICATIONS - SAN DIEGO, INC. (f/k/a Triumph Components - San Diego,
Inc.)

 

TRIUMPH COMPOSITE SYSTEMS, INC.

 

TRIUMPH CONTROLS, LLC (f/k/a Triumph Controls, Inc.)

 

TRIUMPH ENGINEERED SOLUTIONS, INC. (formerly Stolper-Fabralloy Company and
Triumph Components - Arizona, Inc. and successor by merger to Advanced Materials
Technologies, Inc. and Triumph Precision, Inc.)

 

TRIUMPH ENGINEERING SERVICES, INC.

 

TRIUMPH GEAR SYSTEMS, INC.

 

TRIUMPH GEAR SYSTEMS - MACOMB, INC. (formerly ACR Industries, Inc.)

 

TRIUMPH GROUP ACQUISITION HOLDINGS, INC.

 

TRIUMPH INSTRUMENTS, INC. (f/k/a Triumph/JDC Company)

 

TRIUMPH PRECISION CASTINGS CO.

 

TRIUMPH STRUCTURES - LOS ANGELES, INC. (formerly Hydro-Mill Co. and successor by
merger to Ralee Engineering Co.)

 

TRIUMPH THERMAL SYSTEMS, INC.

 

TRIUMPH TURBINE SERVICES, INC.

 

TRIUMPH STRUCTURES - WICHITA, INC.

 

TRIUMPH INTERIORS, LLC

 

 

 

By:

/s/ John R. Bartholdson

 

 

Name: John R. Bartholdson

 

Title: Vice President and Treasurer of each of the above
named companies[g244294ka03i001.gif][g244294ka03i002.gif]

 

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