**Exhibit 10.2.1**

 

**AMENDMENT NO.1 TO AMENDED AND RESTATED INVESTORS’ AGREEMENT**

 

This Amendment(the “**Amendment**”) to the Amended and RestatedInvestors’ Agreement dated as of October 6, 2000 is made as of December 31,2001 among DeCrane Holdings Co. (“the “**Company**”) andDeCrane Aircraft Holdings, Inc. (“**Opco**” as,together with the Company, the “**Companies**”),the DLJ Entities (as defined therein), the DLJIP Entities (as defined therein),the Putnam Entities (as defined therein), and certain other Stockholders namedtherein.

 

**W I T N E S S E T H :**

 

WHEREAS, theCompanies, the DLJ Entities, the DLJIP Entities and the Putnam Entities areparties to the Amended and Restated Investors’ Agreement dated as of October 6,2000 (the “**Investors’ Agreement**”);

 

WHEREAS, the partieshereto desire to amend the Investors’ Agreement to allow the free transfer bythe DLJIP Entities of the Senior Preferred Stock (as defined in the Investors’Agreement);

 

NOW,THEREFORE, intending to be legally bound, the parties hereto agree as follows:

 

Section 1*.  Definitions; References. *Unless otherwise specificallydefined herein, each term used herein which is defined in the Investors’Agreement shall have the meaning assigned to such term in the Investors’Agreement.  Each reference to “hereof”,“hereunder”, “herein”, and “hereby” and each other similar reference and eachreference to “this Agreement” and each other similar reference contained in theInvestors’ Agreement shall from and after the date hereof refer to theInvestors’ Agreement as amended hereby.

 

Section 2*.  Amendment to Restrictions onTransfer. *Section 3.05(b) ofthe Investors’ Agreement is amended by the addition of the words “and SeniorPreferred Stock” after the words “Company Securities” and before the word“freely”.

 

Section 3*.  Amendment to Restrictions onTransfer. *Section 3.05(c) ofthe Investors’ Agreement is amended by the addition of the words “and SeniorPreferred Stock” after the words “Company Securities” and before the word“freely”.

 

Section 4*.  Governing Law. *This Amendment shall be governedby, and construed in accordance with, the laws of the State of New York,without regard to the conflicts of laws rules of such state.

 

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Section 5*.  Counterparts;Effectiveness. *This Amendmentmay be executed in any number of counterparts, each of which shall be deemed tobe an original, with the same effect as if the signatures thereto and heretowere upon the same instrument.  ThisAmendment shall become effective when this Amendment or a counterpart heretoshall have been executed by the Company (with the approval of the board ofdirectors of the Company) and Stockholders holding at least 75% of theoutstanding Shares, calculated on a Fully Diluted basis.

 

Section 6*.  Effect of Amendment. *Except as expressly set forth herein,the amendments contained herein shall not constitute an amendment of any termor condition of the Investors’ Agreement, and all such terms and conditionsshall remain in full force and effect and are hereby ratified and confirmed inall respects.

 

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IN WITNESSWHEREOF, the parties hereto have caused this Agreement to be duly executed bytheir respective authorized officers as of the day and year first abovewritten.

 
| ** ** | **DECRANE HOLDINGS CO.**                      |
|------------|-----------------------------------------------|
| ** ** | ** **                                    | ** ** |
| ** ** | ** **                                    | ** ** |
|       | By:                                           | /s/ RICHARD  J. KAPLAN |   |
|       |                                          | Name: | Richard J. Kaplan |
| ** ** | ** **                                    | Title: | Assistant Secretary |
|       |                                          |   |
|       | **DECRANE AIRCRAFT HOLDINGS, INC.**           |
|       |                                          | ** ** |
|       |                                          | ** ** |
| ** ** | By:                                           | /s/ RICHARD  J. KAPLAN |   |
| ** ** | ** **                                    | Name: | Richard J. Kaplan |
| ** ** | ** **                                    | Title: | Senior Vice President |
| ** ** | ** **                                    |   |
| ** ** | **DLJ  MERCHANT BANKING PARTNERS II, L.P.**   |
| ** ** | ** **                                    |   |
| ** ** | ** **                                    |   |
|       | By:                                           | DLJ MERCHANT BANKING II, INC. |   |
|       |                                          | Managing General Partner |
|       |                                          |   |
|       |                                          |   |
|       | By:                                           | /s/ MICHAEL  ISIKOW |   |
|       |                                          | Name: | Michael Isikow |
| ** ** | ** **                                    | Title: | Attorney in Fact |
|       |                                          |   |
| ** ** | **DLJ  MERCHANT BANKING PARTNERS II-A, L.P.** |
| ** ** | ** **                                    | ** ** |
| ** ** | ** **                                    | ** ** |
|       | By:                                           | DLJ MERCHANT BANKING II, INC. |
|       |                                          | Managing General Partner |
|       |                                          |   |
|       |                                          |   |
|       | By:                                           | /s/ MICHAEL  ISIKOW |   |
| ** ** | ** **                                    | Name: | Michael Isikow |
| ** ** | ** **                                    | Title: | Attorney in Fact |
|            |                                               |  |  |  |  |

 

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| ** ** | **DLJ OFFSHORE PARTNERS II, C.V.**   |
|------------|--------------------------------------|
| ** ** | ** **                           |   |
| ** ** | ** **                           |   |
|       | By:                                  | DLJ MERCHANT BANKING II, INC. |
|       |                                 | Advisory General Partner |
|       |                                 |   |
|       |                                 |   |
|       | By:                                  | /s/ MICHAEL  ISIKOW |   |
|       |                                 | Name: | Michael Isikow |
| ** ** | ** **                           | Title: | Attorney in Fact |
|       |                                 | ** ** |
|       | **DLJ DIVERSIFIED PARTNERS, L.P.**   |
|       |                                 |   |
|       |                                 |   |
|       | By:                                  | DLJ DIVERSIFIED PARTNERS, L.P. |
|       |                                 | Managing General Partner |
|       |                                 |   |
|       |                                 |   |
|       | By:                                  | /s/ MICHAEL  ISIKOW |   |
|       |                                 | Name: | Michael Isikow |
|       |                                 | Title: | Attorney in Fact |
| ** ** | ** **                           | ** ** |
| ** ** | **DLJ DIVERSIFIED PARTNERS-A, L.P.** |
| ** ** | ** **                           | ** ** |
| ** ** | ** **                           | ** ** |
|       | By:                                  | DLJ DIVERSIFIED PARTNERS, L.P. |
|       |                                 | Managing General Partner |
|       |                                 |   |
|       |                                 |   |
|       | By:                                  | /s/ MICHAEL  ISIKOW |   |
|       |                                 | Name:Michael Isikow |
|       |                                 | Title:Attorney in Fact |
|       |                                 |   |
|       | **DLJMB FUNDING II, INC.**           |
|       |                                 | ** ** |
|       |                                 | ** ** |
|       | By:                                  | /s/ MICHAEL  ISIKOW |   |
|       |                                 | Name: | Michael Isikow |
|       |                                 | Title: | Attorney in Fact |
|            |                                      |  |  |  |  |  |  |

 

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| ** ** | **DLJ EAB PARTNERS, L.P.**             |
|------------|----------------------------------------|
| ** ** | ** **                             | ** ** |
| ** ** | ** **                             | ** ** |
|       | By:                                    | DLJ LBO PLANS MANAGEMENT |   |
|       |                                   | CORPORATION, General Partner |
|       |                                   |   |
|       |                                   |   |
|       | By:                                    | /s/ MICHAEL  ISIKOW |   |
|       |                                   | Name: | Michael Isikow |
|       |                                   | Title: | Attorney in Fact |
|       |                                   |   |
| ** ** | **DLJ MILLENNIUM PARTNERS, L.P.**      |
|       |                                   |   |
|       |                                   |   |
|       | By:                                    | DLJ MERCHANT BANKING II, INC., |
|       |                                   | Managing General Partner |
|       |                                   |   |
|       |                                   |   |
|       | By:                                    | /s/ MICHAEL  ISIKOW |   |
|       |                                   | Name: | Michael Isikow |
|       |                                   | Title: | Attorney in Fact |
| ** ** | ** **                             | ** ** |
| ** ** | **UK  INVESTMENT PLAN 1997  PARTNERS** |
|       |                                   |   |
|       |                                   |   |
|       | By:                                    | UK INVESTMENT PLAN 1997, INC., |
|       |                                   | General Partner |
|       |                                   |   |
|       |                                   |   |
|       | By:                                    | /s/ MICHAEL  ISIKOW |   |
|       |                                   | Name: | Michael Isikow |
|       |                                   | Title: | Attorney in Fact |
| ** ** | ** **                             | ** ** |
| ** ** | **DLJ FIRST ESC, L.P.**                |
| ** ** | ** **                             | ** ** |
| ** ** | ** **                             | ** ** |
|       | By:                                    | DLJ LBO PLANS MANAGEMENT |
|       |                                   | CORPORATION, |
|       |                                   | as General Partner |
|       |                                   |   |
|       |                                   |   |
|       | By:                                    | /s/ MICHAEL  ISIKOW |   |
|       |                                   | Name: | Michael Isikow |
|       |                                   | Title: | Attorney in Fact |
|            |                                        |  |  |  |  |  |

 

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| ** ** | **DLJ ESC II, L.P.**                 |
|------------|--------------------------------------|
| ** ** | ** **                           | ** ** |
| ** ** | ** **                           | ** ** |
|       | By:                                  | DLJ LBO PLANS MANAGEMENT |
|       |                                 | CORPORATION, |
|       |                                 | as General Partner |
|       |                                 |   |
|       |                                 |   |
|       | By:                                  | /s/ MICHAEL  ISIKOW |   |
|       |                                 | Name: | Michael Isikow |
|       |                                 | Title: | Attorney in Fact |
| ** ** | ** **                           | ** ** |
| ** ** | **DLJ MILLENNIUM PARTNERS-A, L.P.**  |
|       |                                 |   |
|       |                                 |   |
|       | By:                                  | DLJ MERCHANT BANKING II, INC., |
|       |                                 | Managing General Partner |
|       |                                 |   |
|       |                                 |   |
|       | By:                                  | /s/ MICHAEL  ISIKOW |   |
|       |                                 | Name: | Michael Isikow |
|       |                                 | Title: | Attorney in Fact |
| ** ** | ** **                           | ** ** |
| ** ** | **DLJ INVESTMENT PARTNERS II, L.P.** |
| ** ** | ** **                           | ** ** |
| ** ** | ** **                           | ** ** |
|       | By:                                  | DLJ INVESTMENT PARTNERS II, INC., |
|       |                                 | Managing General Partner |
|       |                                 |   |
|       |                                 |   |
|       | By:                                  | /s/ MICHAEL  ISIKOW |   |
|       |                                 | Name: | Michael Isikow |
|       |                                 | Title: | Attorney in Fact |
| ** ** | ** **                           | ** ** |
| ** ** | **DLJ INVESTMENT PARTNERS, L.P.**    |
|       |                                 |   |
|       |                                 |   |
|       | By:                                  | DLJ INVESTMENT PARTNERS, INC., |
|       |                                 | Managing General Partner |
|       |                                 |   |
|       |                                 |   |
|       | By:                                  | /s/ MICHAEL  ISIKOW |   |
|       |                                 | Name: | Michael Isikow |
|       |                                 | Title: | Attorney in Fact |
|            |                                      |  |  |  |  |

 

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| ** ** | **DLJ INVESTMENT FUNDING II, INC.**                          |
|------------|--------------------------------------------------------------|
| ** ** | ** **                                                   | ** ** |
| ** ** | ** **                                                   | ** ** |
|       | By:                                                          | /s/ MICHAEL  ISIKOW |   |
|       |                                                         | Name: | Michael Isikow |
|       |                                                         | Title: | Attorney in Fact |
|       | ** **                                                   |
|       | **PUTNAM HIGH YIELD TRUST**                                  |
|       | **PUTNAM  FUNDS TRUST – PUTNAM****HIGH YIELD TRUST II** |
|       | **PUTNAM  HIGH YIELD ADVANTAGE  FUND**                  |
|       | **PUTNAM  VARIABLE TRUST – PUTNAM  VT HIGH YIELD FUND** |
|       | **PUTNAM STRATEGIC INCOME FUND**                             |
|       | **PUTNAM  DIVERSIFIED INCOME  TRUST**                        |
|       |                                                         |
|       |                                                         |
|       | By:                                                          | PUTNAM INVESTMENT  MANAGEMENT, INC. |
|       |                                                         |   |
|       |                                                         |   |
|       | By:                                                          | /s/ STEPHEN C. PEALHER |   |
|       |                                                         | Name: | Stephen C. Pealher |
|       |                                                         | Title: | Managing Director  Chief Investment Officer |
|            |                                                              |  |  |  |  |

 

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