Exhibit 10.1

Execution Version

EIGHTH AMENDMENT TO CREDIT AGREEMENT

THIS EIGHTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of
October 9, 2018, is by and among (a) ESTERLINE TECHNOLOGIES CORPORATION, a
Delaware corporation (the “Company”), (b) ESTERLINE TECHNOLOGIES EUROPE LIMITED,
a company incorporated in England and Wales with registration number 06787209
(“ETEL”), ESTERLINE TECHNOLOGIES LIMITED, a company incorporated in England and
Wales with registration number 03837209 (“ETL”), ESTERLINE TECHNOLOGIES GLOBAL
LIMITED, a company incorporated in England and Wales with registration number
09002080 (“ETGL”), TA MFG LIMITED, a company incorporated in England and Wales
with registration number 01979171 (“TA MFG”) and ESTERLINE INTERFACE
TECHNOLOGIES LIMITED, a company incorporated in England and Wales with
registration number 08331349 (“EITL” and together with ETL, ETGL, TA MFG and
ETEL, collectively, the “Foreign Borrowers”; the Foreign Borrowers, together
with the Company, collectively the “Borrowers”), (c) the Domestic Subsidiaries
of the Company party hereto (the “Guarantors”), (d) the Lenders (as defined
below) party hereto and (e) WELLS FARGO BANK, NATIONAL ASSOCIATION, as
administrative agent on behalf of the Lenders under the Credit Agreement (as
hereinafter defined) (in such capacity, the “Administrative Agent”). Capitalized
terms used herein and not otherwise defined herein shall have the meanings
ascribed thereto in the Credit Agreement.

W I T N E S S E T H

WHEREAS, the Company, ETEL, the Guarantors, the Obligated Foreign Subsidiaries,
the banks and financial institutions from time to time party thereto (the
“Lenders”) and the Administrative Agent are parties to that certain Credit
Agreement dated as of March 11, 2011 (as amended by that certain First Amendment
to Credit Agreement dated as of April 29, 2011, that certain Second Amendment to
Credit Agreement dated as of May 17, 2011, that certain Third Amendment to
Credit Agreement dated as of July 20, 2011, that certain Fourth Amendment to
Credit Agreement dated as of April 8, 2013, that certain Fifth Amendment to
Credit Agreement dated as of June 9, 2014, that certain Sixth Amendment to
Credit Agreement dated as of March 20, 2015, that certain Seventh Amendment to
Credit Agreement dated as of April 9, 2015, and as further amended, modified,
extended, restated, replaced, or supplemented from time to time, the “Credit
Agreement”);

WHEREAS, the Credit Parties have requested that the Lenders amend certain
provisions of the Credit Agreement; and

WHEREAS, the Lenders are willing to make such amendments to the Credit Agreement
in accordance with and subject to the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and
for other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the parties hereto agree as follows:

SECTION 1.    Amendment to the Credit Agreement. As of the Amendment Effective
Date (as defined in Section 2 hereof), Section 1.1 of the Credit Agreement is
amended by amending and restating the following definition to read in full as
follows:

““Change of Control” shall mean the occurrence of any of the following: (a) any
Person or two or more Persons acting in concert shall have acquired beneficial
ownership (within the meaning of Rule 13d-3 of the Securities and Exchange
Commission under the Securities and Exchange Act of 1934) directly or
indirectly, of Voting Stock of the Company (or other securities convertible into
such Voting Stock)

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representing 30% or more of the combined voting power of all Voting Stock of the
Company; or (b) during any period of up to 24 consecutive months, commencing
after the date hereof, individuals who at the beginning of such 24-month period
were directors (or directors who were nominated or approved by such directors)
of the Company shall cease for any reason to constitute a majority of the board
of directors of the Company; or (c) any “Change of Control” or similar
occurrence as defined in the 2010 Senior Notes or the Euro Notes (so long as any
Obligations are outstanding under the 2010 Senior Notes or the Euro Notes, as
applicable) or in any other instrument relating to Material Debt; or (d) so long
as there is any outstanding Commitment under the Foreign Borrower Revolving
Loans, the Company shall fail, directly or indirectly, to legally and
beneficially own 100% of the Equity Interests of each of the Foreign Borrowers.”

SECTION 2.    Conditions to Effectiveness. This Amendment shall become effective
upon the satisfaction of the following conditions precedent (the “Amendment
Effective Date”):

(i)    The Credit Parties, the Administrative Agent and the Required Lenders
shall have indicated their consent to this Amendment by the execution and
delivery of their respective signature pages hereto to the Administrative Agent.

(ii)    (x) no Default or Event of Default shall exist on the Amendment
Effective Date or immediately after giving effect to this Amendment and (y) all
representations and warranties contained in this Amendment and the other Credit
Documents shall be true and correct in all material respects on and as of the
Amendment Effective 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 (provided that
representations and warranties that are qualified by materiality or “Material
Adverse Effect” shall be true and correct in all respects).

(iii)    The Administrative Agent shall have received all expenses required to
be reimbursed by the Borrower pursuant to Section 9.5 of the Credit Agreement
for which invoices have been presented at least one Business Day prior to the
Amendment Effective Date.

SECTION 3.    Miscellaneous.

(i)    On and after the Amendment Effective Date, all references to the Credit
Agreement in each of the Credit Documents shall hereafter mean the Credit
Agreement as amended by this Amendment. Except as specifically amended hereby or
otherwise agreed, the Credit Agreement is hereby ratified and confirmed and
shall remain in full force and effect according to its terms.

(ii)    Each of the Credit Parties represents and warrants as follows:

(a) It has taken all necessary action to authorize the execution, delivery and
performance of this Amendment.

(b) This Amendment has been duly executed and delivered by such Person and
constitutes such Person’s legal, valid and binding obligation, enforceable in
accordance with its terms, except as such enforceability may be subject to
(i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer,
moratorium or similar laws affecting creditors’ rights generally and
(ii) general principles of equity (regardless of whether such enforceability is
considered in a proceeding at law or in equity).

 

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(c)    No consent, approval, authorization or order of, or filing, registration
or qualification with, any court or governmental authority or third party is
required in connection with the execution, delivery or performance by such
Person of this Amendment except consents, approvals, authorizations, filings or
registrations which have been obtained or made and are in full force and effect.

(d)    The representations and warranties set forth in Article III of the Credit
Agreement and each other Credit Document are true and correct in all material
respects 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 (provided
that representations and warranties that are qualified by materiality or
“Material Adverse Effect” shall be true and correct in all respects).

(e)    Immediately after giving effect to this Amendment, no event has occurred
and is continuing which constitutes a Default or an Event of Default.

(iii)    Each Credit Party hereby ratifies the Credit Agreement and acknowledges
and reaffirms (a) that it is bound by all terms of the Credit Agreement
applicable to it and (b) that it is responsible for the observance and full
performance of its respective Credit Party Obligations. Each Guarantor hereby
acknowledges that it has reviewed the terms and provisions of the Credit
Agreement and this Amendment. Each Guarantor hereby confirms that the Guaranty
to which it is a party will continue to guarantee to the fullest extent possible
the payment and performance of all obligations, including, without limitation,
the Credit Party Obligations, of the Borrowers and the other Credit Parties now
or hereafter existing under or in respect of the Credit Agreement or any other
Credit Document. Each Guarantor acknowledges and agrees that each Credit
Document to which it is a party or otherwise bound shall continue in full force
and effect and that all of its obligations, including, without limitation, the
Credit Party Obligations, shall be valid and enforceable and shall not be
impaired or limited by the execution or effectiveness of this Amendment.

(iv)    This Amendment shall constitute a Credit Document under the terms of the
Credit Agreement.

(v)    The Company agrees to pay all reasonable costs and expenses of the
Administrative Agent in connection with the preparation, execution and delivery
of this Amendment, including without limitation the reasonable fees and expenses
of the Administrative Agent’s legal counsel, to the extent required by
Section 9.5 of the Credit Agreement.

(vi)    This Amendment and the other Credit Documents embody the entire
agreement among the parties hereto and supersede all prior agreements and
understandings, oral or written, if any, relating to the subject matter hereof.

(vii)    This Amendment may be executed in any number of counterparts, each of
which when so executed and delivered shall be an original, but all of which
shall constitute one and the same instrument. Delivery of an executed
counterpart to this Amendment by telecopy or other electronic means shall be
effective as an original and shall constitute a representation that an original
will be delivered.

(viii)    GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

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(ix)    This Amendment shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns.

(x)    Consent to Jurisdiction; Service of Process; Waiver of Jury Trial. The
jurisdiction, service of process and waiver of jury trial provisions set forth
in Sections 9.13 and 9.16 of the Credit Agreement are hereby incorporated by
reference, mutatis mutandis.

[Signature Pages Follow]

 

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

 

COMPANY:     ESTERLINE TECHNOLOGIES CORPORATION,     a Delaware corporation    
By:  

/s/ STEPHEN M. NOLAN

    Name:   Stephen M. Nolan     Title:   Exec. VP & CFO GUARANTORS:    
ADVANCED INPUT DEVICES, INC.,     a Delaware corporation     ANGUS ELECTRONICS
CO.,     a Delaware corporation     ARMTEC COUNTERMEASURES CO.,     a Delaware
corporation     ARMTEC COUNTERMEASURES TNO CO.,     a Delaware corporation    
ARMTEC DEFENSE PRODUCTS CO.,     a Delaware corporation     AVISTA,
INCORPORATED,     a Wisconsin corporation     CMC ELECTRONICS AURORA LLC,     a
Delaware limited liability company     ECLIPSE ELECTRONIC SYSTEMS, INC.,     a
Texas corporation     ESTERLINE INTERNATIONAL COMPANY,     a Delaware
corporation    

ESTERLINE SENSORS SERVICES AMERICAS, INC.,

a Delaware corporation

   

ESTERLINE US LLC,

a Delaware limited liability company

   

HYTEK FINISHES CO.,

a Delaware corporation

   

ESTERLINE GEORGIA US LLC,

a Delaware limited liability company

    By:  

/s/ STEPHEN M. NOLAN

    Name:   Stephen M. Nolan     Title:   VP

 

[Signature Page to Eighth Amendment to Credit Agreement]

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JANCO CORPORATION, a California corporation

JOSLYN SUNBANK COMPANY, LLC,

a California limited liability company

KORRY ELECTRONICS CO.,

a Delaware corporation

LEACH HOLDING CORPORATION,

a Delaware corporation

LEACH INTERNATIONAL CORPORATION,

a Delaware corporation

LEACH TECHNOLOGY GROUP, INC.,

a Delaware corporation

MASON ELECTRIC CO.,

a Delaware corporation

MEMTRON TECHNOLOGIES CO.,

a Delaware corporation

NMC GROUP, INC.,

a California corporation

NORWICH AERO PRODUCTS, INC.,

a New York corporation

PALOMAR PRODUCTS, INC.,

a Delaware corporation

SOURIAU USA, INC.,

a Delaware corporation

SUNBANK FAMILY OF COMPANIES, LLC,

a California limited liability company

TA AEROSPACE CO.,

a California corporation

By:  

/s/ STEPHEN M. NOLAN

Name:   Stephen M. Nolan Title:   VP

 

[Signature Page to Eighth Amendment to Credit Agreement]

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ESTERLINE EUROPE COMPANY LLC, a Delaware limited liability company

ESTERLINE TECHNOLOGIES SGIP LLC,

a Delaware limited liability company

By: Esterline Technologies Corporation,

its Sole Manager

By:  

/s/ STEPHEN M. NOLAN

Name:   Stephen M. Nolan Title:   Exec. VP & CFO ESTERLINE TECHNOLOGIES HOLDINGS
LIMITED By:  

/s/ STEPHEN M. NOLAN

Name:   Stephen M. Nolan Title:   Director LEACH INTERNATIONAL MEXICO S. DE R.L.
DE C.V. By:  

/s/ STEPHEN M. NOLAN

Name:   Stephen M. Nolan Title:   Authorized Person

 

[Signature Page to Eighth Amendment to Credit Agreement]

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FOREIGN BORROWERS:     ESTERLINE TECHNOLOGIES EUROPE     LIMITED, a company
organized under the laws of England and Wales     By:  

/s/ STEPHEN M. NOLAN

    Name:   Stephen M. Nolan     Title:   Director     ESTERLINE TECHNOLOGIES
LIMITED, a company organized under the laws of England and Wales     By:  

/s/ STEPHEN M. NOLAN

    Name:   Stephen M. Nolan     Title:   Director     ESTERLINE TECHNOLOGIES
GLOBAL LIMITED, a company organized under the laws of England and Wales     By:
 

/s/ STEPHEN M. NOLAN

    Name:   Stephen M. Nolan     Title:   Director     TA MFG LIMITED, a company
organized under the laws of England and Wales     By:  

/s/ STEPHEN M. NOLAN

    Name:   Stephen M. Nolan     Title:   Director     ESTERLINE INTERFACE
TECHNOLOGIES LIMITED, a company organized under the laws of England and Wales  
  By:  

/s/ STEPHEN M. NOLAN

    Name:   Stephen M. Nolan     Title:   Director

 

[Signature Page to Eighth Amendment to Credit Agreement]

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WELLS FARGO BANK, NATIONAL ASSOCIATION., as Administrative Agent and Lender

By:  

/s/ RUSS CARSON

Name:   Russ Carson Title:   VP

 

[Signature Page to Eighth Amendment to Credit Agreement]

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KEYBANK NATIONAL ASSOCIATION, as Lender

By:  

/s/ GEOFF SMITH

Name:   Geoff Smith Title:   Senior Vice President

 

[Signature Page to Eighth Amendment to Credit Agreement]

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Bank of America, N.A., as Lender

By:  

/s/ ANDREW WULFF

Name:   Andrew Wulff Title:   Vice President

 

[Signature Page to Eighth Amendment to Credit Agreement]

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TD Bank, NA, as Lender

By:  

/s/ M. BERNADETTE COLLINS

Name:   M. Bernadette Collins Title:   Senior Vice President

 

[Signature Page to Eighth Amendment to Credit Agreement]

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U.S. BANK NATIONAL ASSOCIATION, as Lender

By:  

/s/ KURBAN H. MERCHANT

Name:   Kurban H. Merchant Title:   Vice President

 

[Signature Page to Eighth Amendment to Credit Agreement]

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BNP Paribas, as Lender

By:  

/s/ RICHARD PACE

Name:   Richard Pace Title:   Managing Director

 

By:  

/s/ NANETTE BAUDON

Name:   Nanette Baudon Title:   Director

 

[Signature Page to Eighth Amendment to Credit Agreement]

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Northern Trust, as Lender

By:  

/s/ BRANDON C. ROLEK

Name:   Brandon C. Rolek Title:   Senior Vice President

 

[Signature Page to Eighth Amendment to Credit Agreement]

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MUFG Union Bank, N.A., as Lender

By:  

/s/ MICHAEL BALL

Name:   Michael Ball Title:   Director

 

[Signature Page to Eighth Amendment to Credit Agreement]

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HSBC Bank USA, National Association, as Lender

By:  

/s/ THOMAS F. O’CONNELL

Name:   Thomas F. O’Connell Title:   Commercial Executive

 

[Signature Page to Eighth Amendment to Credit Agreement]