Exhibit 10.1
 ASSET PURCHASE AGREEMENT
 BY AND BETWEEN
 VOUGHT AIRCRAFT INDUSTRIES, INC.
 AND
 BCACSC, INC.
 Dated as of July 6, 2009




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TABLE OF CONTENTS
 ARTICLE I DEFINITIONS
    
    
    1Section 1.1 Definitions
    
    
    1Section 1.2 Construction
    
    
    19ARTICLE II PURCHASE AND SALE OF ASSETS AND ASSUMPTION OF LIABILITIES
    
    
    20Section 2.1 Purchase of Assets and Assumption of Certain Liabilities
    
    
    20Section 2.2 Purchased and Excluded Assets
    
    
    20Section 2.3 Assumed and Excluded Liabilities
    
    
    24ARTICLE III AGGREGATE CONSIDERATION AND CLOSING
    
    
    26Section 3.1 Closing
    
    
    26Section 3.2 Aggregate Consideration
    
    
    26Section 3.3 Estimated Aggregate Consideration Adjustment
    
    
    26Section 3.4 Aggregate Consideration Adjustment
    
    
    27Section 3.5 Allocation of Aggregate Consideration
    
    
    28ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SELLER
    
    
    29Section 4.1 Organization and Qualification
    
    
    29Section 4.2 Authorization; Enforceability
    
    
    30Section 4.3 No Conflicts
    
    
    30Section 4.4 Financial Information
    
    
    31Section 4.5 Absence of Certain Developments
    
    
    31Section 4.6 Absence of Undisclosed Liabilities
    
    
    32Section 4.7 Title; Sufficiency and Condition of Assets
    
    
    32Section 4.8 Inventory
    
    
    33Section 4.9 Real Property
    
    
    33Section 4.10 Intellectual Property
    
    
    34Section 4.11 Contracts
    
    
    36Section 4.12 Litigation
    
    
    38Section 4.13 Permits; Compliance with Laws
    
    
    39Section 4.14 Environmental, Health and Safety Laws
    
    
    40Section 4.15 Tax Matters
    
    
    42Section 4.16 Employee Benefit Plans; Employment Matters
    
    
    43Section 4.17 Suppliers
    
    
    45Section 4.18 Insurance
    
    
    45Section 4.19 Certain Transactions
    
    
    46Section 4.20 Brokers Fees
    
    
    46Section 4.21 Security Clearance
    
    
    46Section 4.22 Site Development and Incentive Agreement; FILOT Agreement
    
    
    46ARTICLE V REPRESENTATIONS AND WARRANTIES OF BUYER
    
    
    47Section 5.1 Organization and Qualification
    
    
    47Section 5.2 Authority; Enforceability
    
    
    47Section 5.3 No Conflicts
    
    
    47
 i




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Section 5.4 Brokers Fees
    
    
    48Section 5.5 Litigation
    
    
    48ARTICLE VI COVENANTS
    
    
    48Section 6.1 Appropriate Actions; Further Assurances
    
    
    48Section 6.2 Conduct of Business by Seller Until Closing
    
    
    49Section 6.3 Consents and Governmental Authorizations
    
    
    51Section 6.4 Access and Information
    
    
    53Section 6.5 Exclusivity
    
    
    54Section 6.6 Public Announcements
    
    
    54Section 6.7 Transaction Expenses
    
    
    54Section 6.8 Notices of Certain Matters
    
    
    55Section 6.9 Confidentiality
    
    
    55Section 6.10 Non-Solicitation
    
    
    56Section 6.11 Intracompany Work Orders
    
    
    57Section 6.12 Purchased Intellectual Property
    
    
    57Section 6.13 Insurance
    
    
    58Section 6.14 Litigation Support
    
    
    58Section 6.15 Transfer of Governmental Authorizations
    
    
    59Section 6.16 787 Supply Agreement
    
    
    59Section 6.17 Delivery of Financial Information
    
    
    59Section 6.18 Cash Management
    
    
    59Section 6.19 Title Insurance
    
    
    60Section 6.20 Letters of Credit; Surety Bond
    
    
    60Section 6.21 Lender Waiver
    
    
    60ARTICLE VII TAX MATTERS
    
    
    61Section 7.1 Liability for Taxes
    
    
    61Section 7.2 Tax Return Filing
    
    
    62Section 7.3 Tax Contests; Audit Responsibilities
    
    
    62Section 7.4 Cooperation
    
    
    63Section 7.5 Transfer Taxes
    
    
    64ARTICLE VIII EMPLOYEE MATTERS
    
    
    64Section 8.1 Employment
    
    
    64Section 8.2 Non-Union Employees
    
    
    65Section 8.3 Union Employees
    
    
    66Section 8.4 Workers Compensation Claims
    
    
    67Section 8.5 WARN Act Notification
    
    
    67Section 8.6 Employee Benefits
    
    
    68Section 8.7 No Right to Employment
    
    
    68Section 8.8 Code Section 409A
    
    
    68ARTICLE IX CONDITIONS PRECEDENT
    
    
    68Section 9.1 Conditions to Obligations of Buyer
    
    
    68Section 9.2 Conditions to Obligations of Seller
    
    
    71
 ii




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ARTICLE X TERMINATION
    
    
    73Section 10.1 Termination
    
    
    73Section 10.2 Effect of Termination
    
    
    74ARTICLE XI INDEMNIFICATION
    
    
    74Section 11.1 Survival
    
    
    74Section 11.2 Indemnification by Seller
    
    
    75Section 11.3 Indemnification by Buyer
    
    
    80Section 11.4 Third Party Claims
    
    
    80Section 11.5 Limitations on Indemnification Liability
    
    
    82Section 11.6 Treatment of Indemnification Payments
    
    
    83Section 11.7 Exclusive Remedy
    
    
    83ARTICLE XII GENERAL PROVISIONS
    
    
    84Section 12.1 Notices
    
    
    84Section 12.2 Severability; Specific Enforcement
    
    
    85Section 12.3 Amendments
    
    
    85Section 12.4 Assignment; Beneficiaries
    
    
    86Section 12.5 Counterparts; Facsimiles
    
    
    86Section 12.6 Descriptive Headings
    
    
    86Section 12.7 Governing Law; Forum Selection
    
    
    86Section 12.8 WAIVER OF JURY TRIAL
    
    
    86Section 12.9 Entire Agreement
    
    
    87Section 12.10 Waivers
    
    
    87Section 12.11 NO ADDITIONAL REPRESENTATION OR WARRANTIES
    
    
    87Section 12.12 Disclosure Schedules
    
    
    87Section 12.13 No Recourse
    
    
    88
 iii




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EXHIBITS
 Exhibit A
    
    Form of Termination and Mutual Release AgreementExhibit B
    
    Form of Bill of Sale, Assignment and Assumption AgreementExhibit C
    
    Form of Intellectual Property AssignmentExhibit D
    
    Form of Intellectual Property License AgreementExhibit E
    
    Form of Engineering Services AgreementExhibit F
    
    Form of Transition Services AgreementExhibit G
    
    Form of SOW Supply AgreementExhibit H
    
    Form of Facilities Bill of Sale, Assignment and Assumption AgreementExhibit I
    
    Form of North Charleston Sublease AssumptionExhibit J
    
    Form of GA Sublease AssumptionExhibit K
    
    Form of SOW Side LetterExhibit L
    
    Form of 747 AmendmentExhibit M
    
    Form of 767 AmendmentExhibit N
    
    Form of 777 AmendmentExhibit O
    
    Form of SOW Warranty AgreementExhibit P
    
    Form of SOW Administrative AgreementAppendix A
    
    Adjusted Net Investment Worksheet
 iv




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DISCLOSURE SCHEDULES
 Schedule 1.1A
    
    Background Inventions of SellerSchedule 1.1B
    
    Background Proprietary Information of SellerSchedule 1.1C
    
    Outstanding EncumbrancesSchedule 1.1D
    
    Permitted EncumbrancesSchedule 1.1E
    
    Retained EmployeesSchedule 2.2(a)(i)
    
    Purchased ContractsSchedule 2.2(a)(ii)
    
    Tangible Personal PropertySchedule 2.2(b)(viii)
    
    Governmental AuthorizationsSchedule 2.2(b)(xvii)
    
    Certain Real PropertySchedule 2.2(b)(xix)
    
    Excluded Tangible PropertySchedule 2.3(a)(ii)
    
    Assumed Employee LiabilitiesSchedule 4.3(a)
    
    Required ConsentsSchedule 4.3(b)
    
    No ConflictsSchedule 4.4
    
    Financial InformationSchedule 4.5
    
    Absence of Certain DevelopmentsSchedule 4.6
    
    Undisclosed LiabilitiesSchedule 4.7
    
    Title, Sufficiency and Condition of AssetsSchedule 4.8
    
    InventorySchedule 4.10(a)
    
    Intellectual PropertySchedule 4.10(b)
    
    Inbound License AgreementsSchedule 4.10(c)
    
    InfringementSchedule 4.10(d)
    
    Confidentiality and Assignment AgreementsSchedule 4.10(e)
    
    SoftwareSchedule 4.10(f)
    
    Information Technology SystemsSchedule 4.11(a)(i)
    
    Material ContractsSchedule 4.11(a)(ii)
    
    Material ContractsSchedule 4.11(a)(iii)
    
    Material ContractsSchedule 4.11(a)(iv)
    
    Material ContractsSchedule 4.11(a)(v)
    
    Material ContractsSchedule 4.11(a)(vi)
    
    Material ContractsSchedule 4.11(a)(vii)
    
    Material ContractsSchedule 4.11(a)(viii)
    
    Material ContractsSchedule 4.11(a)(ix)
    
    Material ContractsSchedule 4.11(a)(x)
    
    Material ContractsSchedule 4.11(a)(xi)
    
    Material ContractsSchedule 4.11(a)(xii)
    
    Material ContractsSchedule 4.11(b)
    
    Material ContractsSchedule 4.11(c)
    
    Material ContractsSchedule 4.11(e)
    
    Material ContractsSchedule 4.12
    
    LitigationSchedule 4.13
    
    Material Governmental AuthorizationsOn-Site Waste Disposal Activities and Operations; On-Site
Sale,Schedule 4.14(a)
    
    Treatment, Processing, Recycling or Disposal of
Hazardous WasteSchedule 4.14(b)
    
    Underground Storage Tanks, Sumps or Wells
 v




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Schedule 4.14(c)
    
    Compliance with Environmental LawsSchedule 4.14(d)
    
    Environmental Permits and Environmental Disclosure ReportsSchedule 4.14(e)
    
    Release or Threatened Release of Hazardous MaterialSchedule 4.14(f)
    
    Hazardous Material Emanating from Property or Purchased AssetsSchedule 4.14(g)
    
    Environmental ClaimsSchedule 4.14(h)
    
    Environmental Restrictions on the Use of PropertySchedule 4.15
    
    Tax MattersSchedule 4.15(g)
    
    Partnership InterestsSchedule 4.16(a)
    
    Employee Benefit PlansSchedule 4.16(c)
    
    Retiree Medical or Other Welfare BenefitsSchedule 4.16(d)
    
    Pension and Multiemployer PlansSchedule 4.16(f)
    
    Employees on LeaveSchedule 4.16(h)
    
    Employee ControversiesSchedule 4.16(i)
    
    Collective Bargaining AgreementsSchedule 4.16(m)
    
    Participating EmployeesSchedule 4.17
    
    SuppliersSchedule 4.18
    
    InsuranceSchedule 4.19
    
    Affiliate TransactionsSchedule 4.20
    
    Brokers FeesSchedule 4.21
    
    Security ClearancesSchedule 5.3
    
    No ConflictsSchedule 5.4
    
    Brokers FeesSchedule 6.2(a)
    
    Conduct of BusinessSchedule 6.2(b)(i)
    
    Exceptions to Conduct of BusinessSchedule 6.2(b)(ii)
    
    Exceptions to Conduct of BusinessSchedule 6.2(b)(iii)
    
    Exceptions to Conduct of BusinessSchedule 6.2(b)(iv)
    
    Exceptions to Conduct of BusinessSchedule 6.2(b)(v)
    
    Exceptions to Conduct of BusinessSchedule 6.2(b)(vi)
    
    Exceptions to Conduct of BusinessSchedule 6.2(b)(vii)
    
    Exceptions to Conduct of BusinessSchedule 6.2(b)(viii)
    
    Exceptions to Conduct of BusinessSchedule 6.2(b)(ix)
    
    Exceptions to Conduct of BusinessSchedule 6.2(b)(x)
    
    Exceptions to Conduct of BusinessSchedule 6.2(b)(xi)
    
    Exceptions to Conduct of BusinessSchedule 6.2(b)(xii)
    
    Exceptions to Conduct of BusinessSchedule 6.10(c)(i)
    
    Seller Engineering EmployeesSchedule 6.10(c)(ii)
    
    Excluded Engineering EmployeesSchedule 6.20
    
    GuaranteesSchedule 7.5
    
    Transfer TaxesSchedule 8.1(a)(i)
    
    Employees of the BusinessSchedule 8.1(a)(ii)
    
    Seller Employees Who Are No Longer EmployeesSchedule 8.4
    
    Open Workers Compensation ClaimsSchedule 11.4(e)
    
    Settlements
 vi




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ASSET PURCHASE AGREEMENT
 Agreement Seller Buyer
 Business 787 Program Boeing 787 Supply Agreement
   ARTICLE I
 DEFINITIONS
 Definitions
 401(k) Plan Section 4.16(b)
 747 Amendment Section 9.1(e)(xiii)
 767 Amendment Section 9.1(e)(xiv)




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777 Amendment Section 9.1(e)(xv)
 787 Design Build Guide Section 1.1
 787 Program
 787 Supply Agreement
 Absent Employees Section 8.2(b)
 Accounts Receivable Section 2.2(a)(v)
 Acquisition Proposal Section 6.5
 Additional Restricted Employees
 Adjusted Net Investment Amount minus Appendix A Appendix A Appendix A Appendix A
 Affiliate
 Aggregate Consideration Section 3.2
 Agreed Methodology Appendix A Appendix A
 2




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Section 3.4 Appendix A Appendix A Appendix A Appendix A
 Agreement
 Allocation Statement Section 3.5(a)
 Anti-Bribery Laws Section 4.13(c)
 Apportioned Tax provided however
 Apportioned Taxes Claim Section 7.3(c)
 Arbitrator Section 11.5(b)
 Assets
 Assumed Liabilities Section 2.3(a)
 Background Invention(s) Schedule 1.1A
 Background Proprietary Information Schedule 1.1B
 Base Adjusted Net Investment Amount
 BCA Section 6.10(c)
 Bill of Sale, Assignment and Assumption Agreement Section
9.1(e)(ii)
 BIS Section 6.3(c)
 3




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Boeing
 Boeing Guaranty
 Business
 Business Books and Records Section 2.2(a)(xi)
 Business Day
 Buyer
 Buyer Cure Period Section 10.1(b)(ii)
 Buyer 401(k) Plan Section 8.6(b)
 Buyer Indemnified Person Section 11.2(a)
 CERCLA Section 1.1
 Chosen Courts Section 12.7
 Claims
 Closing Section 3.1
 Closing Adjusted Net Investment Amount Section 3.4(a)
 Closing Date Section 3.1
 Closing Payment Amount Section 3.2
 COBRA Section 4.16(c)
 Code
 Collective Bargaining Agreement
 Confidential Information Section 6.9(a)
 4




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Confidentiality and Assignment Agreements Section 4.10(d)
 Consent
 Contract
 Control Controlled by under common Control
with
 Copyrights
 Covered Product Pre-Closing Product provided however
 5




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provided however
 DOJ
 Dollars $
 Employee Benefit Plans Section 4.16(a)
 Employees Schedule 8.1(a)(i) Schedule
6.10(c)(ii)
 Encumbrance
 Engineering Services Agreement Section 9.1(e)(v)
 Environmental Claim
 6




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Environmental Insurance Policy Section 6.13(c)
 Environmental Laws CERCLA RCRA TSCA HMTA
 Environmental Permit Section 4.14(d)
 ERISA
 ERISA Affiliate
 Estimated Adjusted Net Investment Amount Section 3.3(a)
 Estimated Preliminary Statement Section 3.3(a)
 Excluded Assets Section 2.2(b)
 Excluded Contracts Section 2.2(b)(vi)
 Excluded Liabilities Section 2.3(b)
 Facilities
 7




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provided
 Facilities Bill of Sale, Assignment and Assumption Agreement Section 9.1(e)(ix)
 FILOT Agreement
 Final Statement Section 3.4(c)
 Financial Information Section 4.4
 Force Majeure Event Section 1.1
 FTC
 G&A Cost Cap plus
 G&A Costs
 GA
 GAAP
 GA Sublease
 GA Sublease Assumption Section 9.1(e)(xi)
 Governmental Authorization
 8




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Governmental Entity
 Ground Lease
 Guarantees Section 6.20
 Hazardous Material
 Hire Date Section 8.2
 HMTA Section 1.1
 Inbound License Agreement
 Income Tax Income Taxes
 Income Tax Return
 Indebtedness
 9




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Indemnified Persons Section 11.3(a)
 Indemnifying Person Section 11.4(a)
 Initial Restricted Employees
 Intellectual Property
 Intellectual Property Assignments Section 9.1(e)(iii)
 Intellectual Property License Agreement Section 9.1(e)(iv)
 Interim Financial Information Section 6.17
 Inventory Section 2.2(a)(iii)
 IRS
 Joint SBP Activity Invention(s)
 Joint SBP Activity Proprietary Information
 Knowledge Section 4.10 Section 4.9(c)(iii) Sections 4.9 4.11 Section 4.11 Section 4.12 Section 4.13 Section 4.14 Section 4.15 Sections 2.3(a)(ii) 2.3(b)(ii) 4.16
 10




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Section 4.18
 Laws
 Legal Proceeding
 Lender Waiver Section 6.21
 Liability
 Licensed Intellectual Property
 LOI
 Losses
 Material Adverse Effect provided
 11




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Force Majeure Event
 Material Contract Section 4.11(a)
 Minimum Terms and Conditions of Employment Section 8.2(a)
 Multiemployer Plan Section 4.16(d)
 Neutral Auditor Section 3.4(c)
 New Seller Engineering Employees
 Non-Assigned Contract Section 6.3(b)
 Non-Disclosure Agreement
 North Charleston Facility
 North Charleston Real Property
 North Charleston Sublease SCPR
 North Charleston Sublease Assumption Section 9.1(e)(x)
 Objection Notice Section 3.4(b)
 Offer Section 8.1(a)
 Offer Consideration Period Section 8.2(a)
 12




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Open Source Software
 Order
 Outstanding Encumbrances Schedule
1.1C
 Party Parties
 Patents
 Pay-off Amount Section 9.1(d)
 Pay-off Letter Section 9.1(d)
 Permitted Encumbrance Schedule 1.1D Schedule 1.1D
 13




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Person
 Post-Closing Period Section 7.1(a)
 Preliminary Statement Section 3.4(a)
 Pre-Closing Period Section 7.1(a)
 Pre-Closing Product Section
1.1
 Product
 Program Aircraft
 Purchased Assets Section 2.2(a)
 Purchased Contracts Section 2.2(a)(i)
 Purchased Intellectual Property Schedule 4.10(a) Schedule 4.10(a)
 14




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Qualified Representations Section 4.3(a) Section 4.3(b) Section 4.5(a) Section 4.8 Section 4.11(a)(vi) Section 4.11(e) Section 4.13(b) Section 4.13(c) Section 4.14 Section 4.16(h) Section 4.16(l) Section
4.17 Section 4.18
 RCRA Section 1.1
 Referenced Definition Section 1.2(f)
 Release
 Representative
 Required by Boeing Section 11.2(c) Section 11.2(c) 787 Design
Build Guide
 Resolution Period Section 3.4(b)
 Restricted Period Section 6.10(a)
 Retained Employees Schedule 1.1E
 Retained Intellectual Property Section 2.2(b)(xi)
 Review Period Section 3.4(b)
 15




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SCPR Section
1.1
 Seller
 Seller Contract
 Seller Cure Period Section 10.1(b)(i)
 Seller Engineering Employees Schedule 6.10(c)(i) Schedule 6.10(c)(ii)
 Seller 401(k) Plan Section 8.6(b)
 Seller Indemnified Persons Section 11.3(a)
 Seller Senior Credit Agreement
 Seller Supply Agreements
 Site Development and Incentive Agreement
 Software
 SOW Administrative Agreement Section 9.1(e)(xvii)
 SOW Side Letter Section 9.1(e)(xii)
 SOW Supply Agreement Section 9.1(e)(viii)
 SOW Warranty Agreement Section 9.1(e)(xvi)
 16




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Special Initiatives Agreement
 Straddle Period
 Subsidiary Subsidiaries
 Supplied Product Section 11.2(c)
 Supplier Infringement Claim Section 11.2(c)
 Tangible Personal Property Section 2.2(a)(ii)
 Tax Taxes provided however
 Tax Authority
 Tax Benefit Section 11.5(b)
 Tax Benefit Objection Notice Section 11.5(b)
 Tax Returns provided
 Terminating Buyer Breach Section 10.1(b)(ii)
 Terminating Seller Breach Section 10.1(b)(i)
 17




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Termination and Mutual Release Agreement Section 6.16
 Third Party Claim Section 11.4(a)
 Trademarks
 Trade Secrets
 Transaction Documents Sections 9.1 9.2
 Transaction Expenses
 Transfer Taxes provided however
 18




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Transferred Employees Section 8.1
 Transferred Permits Section 2.2(a)(vii)
 Transition Services Agreement Section 9.1(e)(vi)
 TSCA Section 1.1
 UE Offer Section 8.3(c)
 Union
 Union Employees Section 8.2(f)
 United States U.S.
 Vought SBP Activity Invention(s)
 Vought SBP Activity Proprietary Information
 WARN Act
 Wetlands
Permit Section 6.3(d)
 Construction
      19




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Section 1.1 Referenced Definition
 Sections 9.1(b) 9.2(b) 10.1(c) 11.2(a)(ii) 11.3(a)(ii)
 ARTICLE II
 PURCHASE AND SALE OF ASSETS AND ASSUMPTION OF LIABILITIES
 Purchase of Assets and Assumption of Certain Liabilities
   Purchased and Excluded Assets
 Purchased Assets
 Schedule 2.2(a)(i) Purchased Contracts
 Schedule 2.2(a)(ii) Tangible Personal Property
  20




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Inventory
  Accounts Receivable
  Schedule 2.2(b)(viii) Transferred
Permits
    Business Books and Records provided Section 6.9
 21




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Excluded Assets Excluded
Assets
 Section 6.13
     Excluded
Contracts
 Schedule 2.2(a)(ii)
 Schedule 2.2(b)(viii)
 Section
6.13
 22




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Retained Intellectual Property
    Schedule 2.2(a)(ii)
  Schedule 2.2(b)(xvii)
  Schedule 2.2(b)(xix)
 23




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Assumed and Excluded Liabilities
 Assumed Liabilities
  Schedule 2.3(a)(ii) Article VIII Section 2.3(b)(ii)
  Excluded Liabilities Appendix A Excluded Liabilities
  Article VIII
 Schedule 2.3(a)(ii) Article VIII
 24




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Schedule 2.3(a)(ii) Article VIII
  Section 7.1 Section 2.3(a)(ii) Section 2.3(a)(iii)
 Schedule 6.20
   Schedule 2.3(a)(ii) Article VII Sections
2.2(b)(i) (ii) (v) (vi) (vii) (ix) (x) (xi)(b) (xiii) (xviii)
 Sections 2.2(b)(viii) (xi)(a) (xv) (xvii)
 25




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ARTICLE III
 AGGREGATE CONSIDERATION AND CLOSING
 Closing Closing Article IX provided Closing Date
 Aggregate Consideration Closing Payment Amount Section 3.3 Aggregate
Consideration provided
 Estimated Aggregate Consideration Adjustment
 Estimated Preliminary Statement Estimated Adjusted Net Investment Amount Appendix A Appendix A
  26




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Aggregate Consideration Adjustment
 Preliminary Statement Closing Adjusted Net Investment Amount
 Review Period Section 6.9 Objection Notice provided Section 3.4 Section 3.4(b) Resolution Period Section 3.4 Section 3.4(b) Section 3.4(b) Section 3.4
 Neutral Auditor Section 3.4(c)
 27




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Section 3.4 Section 3.4(b) Section 3.4(c) Final Statement
     Allocation of Aggregate Consideration
  28




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Allocation Statement
   Section 3.5
 ARTICLE IV
 REPRESENTATIONS AND WARRANTIES OF SELLER
  Organization and Qualification
 29




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Authorization; Enforceability
 No Conflicts
 Schedule 4.3(a)
  30




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Schedule 4.3(b)
 Financial Information Appendix A Schedule 4.4 Financial Information
 Absence of Certain Developments Schedule 4.5
    31




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Section 6.2(b) Section 6.2(b)(viii)
  Absence of Undisclosed Liabilities Schedule 4.6 Schedule 4.6
 Title; Sufficiency and Condition of Assets Schedule 4.7 Section 4.10 Section 4.10 Schedule 4.7 Section 4.10
 32




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Inventory Schedule 4.8
 Real Property
 Schedule 4.11(a)(vii)
 North Charleston Sublease
     Facilities
   33




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GA Sublease
 Ground Lease
     Intellectual Property
 Schedule 4.10(a) Schedule 4.10(a)
 Schedule 4.10(a) Schedule 4.10(b)
 34




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##### 



Section 4.10(b) Section 4.10(c)
 Schedule 2.2(a)(i)
 Confidentiality and Assignment Agreements Schedule 4.10(d) Schedule 4.10(d)
 35




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Section 4.10(a)(i)
 Schedule 4.10(e)
  Contracts
 Material
Contract
  Section 4.11(a)
    36




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Schedule 4.11(a)(viii)
    Schedule 4.11(a)(xii)
 Schedule 4.11(b)
 Schedule 4.11(c)
 37




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Schedule 4.11(e)
 Litigation
   38




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Permits; Compliance with Laws
 Schedule 4.13
  Anti-Bribery Laws
 39




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Section 4.13 Section 4.16
 Section 4.10(c) Section 4.13 Section 4.10(c) Section 4.13 Section 4.10(c)
 Environmental, Health and Safety Laws
 Schedule 4.14(a)
 Schedule 4.14(b)
 Schedule 4.14(c)
 Environmental Permits
 40




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Schedule 4.14(d) Schedule 4.14(d)
 Schedule 4.14(e)
 Schedule 4.14(a)
 Schedule 4.14(g) Schedule 4.14(g)
 Schedule 4.14(h)
 41




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Tax Matters
 Schedule 4.15
 Schedule 4.15
  Schedule 4.15
   Schedule 4.15(g)
 42




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Section 4.15 Section
2.3(a)(iii)
 Employee Benefit Plans; Employment Matters
 Schedule 4.16(a) Schedule 4.16(m) Employee Benefit Plans
 401(k) Plan
 43




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Schedule 4.16(c) COBRA
 Schedule 4.16(d) Multiemployer Plan
  Schedule 4.16(f)
   Schedule 4.16(i)
 44




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Schedule 8.1(a)(i) Schedule 8.1(a)(i) Schedule 4.16(a)
   Schedule 4.16(m)
 Suppliers Schedule 4.17
 Insurance Schedule 4.18
 45




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Certain Transactions Schedule 4.19
 Brokers Fees Schedule 4.20
 Security Clearance Schedule 4.21 Schedule 4.21
 Site Development and Incentive Agreement; FILOT Agreement
   46




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ARTICLE V
 REPRESENTATIONS AND WARRANTIES OF BUYER
  Organization and Qualification
 Authority; Enforceability
 No Conflicts
 Schedule 5.3
 Schedule 5.3
 47




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Brokers Fees Schedule 5.4
 Litigation
 ARTICLE VI
 COVENANTS
 Appropriate Actions; Further Assurances provided Section 6.1 Section 9.1 Section 9.2 Section 4.11(a)(vi)(B) provided
 48




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Conduct of Business by Seller Until Closing
 Schedule 6.2(a)
 Schedule 6.2(b)
 Schedule 6.2(b) Sections 8.2 8.3 Schedule 6.2(b)(i)
 49




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Section 6.2(b)(viii) Schedule 6.2(b)(vii)
 Section 6.2(b)
 50




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Schedule 6.2(b)(ix)
     Consents and Governmental Authorizations
 Schedule 4.3 Schedule 4.3 Schedule 5.3 Section 6.21
 51




---



##### 



Non-Assigned Contract Section 6.3(b) Section 6.3(a) Section 6.3(b)
 BIS
 Wetlands Permit
 52




---



##### 



Access and Information
 provided e.g. provided
 provided provided further
 53




---



##### 



e.g.
 Exclusivity Article X Acquisition Proposal Section 6.5
 Public Announcements Section 6.9
 Transaction Expenses
 54




---



##### 



Notices of Certain Matters
 Confidentiality
 Confidential Information
 55




---



##### 



provided Section 6.9(a)
 provided
 Non-Solicitation
 Restricted Period provided however
 provided however Section 6.10(b)
 56




---



##### 



BCA provided however
 provided however Section 6.10(d)
 Section
6.10 Section
6.10 Section 6.10 Section 6.10
 Section 6.10
 Intracompany Work Orders
 Purchased Intellectual Property
 57




---



##### 



Insurance
  provided Section 6.13
 Environmental Insurance
Policy
 Litigation Support Section 6.4(b)
 58




---



##### 



Article XI Article XI Section
6.14
 Transfer of Governmental Authorizations Section 6.9
 787 Supply Agreement Exhibit A Termination and Mutual Release Agreement
 Delivery of Financial Information Interim Financial Information Schedule
4.4
 Cash Management
  59




---



##### 



Title Insurance
 Letters of Credit; Surety Bond Schedule 6.20 Guarantees
 Lender Waiver Article X Lender Waiver
 60




---



##### 



ARTICLE VII
 TAX MATTERS
 Liability for Taxes
 Pre-Closing
Period Post-Closing Period
    Section
7.1(b)(i) Section 7.1(b)(ii)
  Sections 11.2 11.3 Section
7.1
 61




---



##### 



Tax Return Filing
  Section 7.2(a)
 Section 7.1
  Tax Contests; Audit Responsibilities
 Section 7.1(a) Section 7.1(a)
 Article VII
 Apportioned Taxes Claim
 62




---



##### 



Section 7.1 Section 7.1
 Cooperation
     Section 7.5
  63




---



##### 



Transfer Taxes Section 7.4(b) Schedule 7.5
 ARTICLE VIII
 EMPLOYEE MATTERS
 Employment Schedule 8.1(a)(i) Schedule
8.1(a)(i) Schedule 8.1(a)(ii) Offer Offers Schedule 8.1(a)(i) Article VIII Transferred Employees Schedule 8.1(a)(i) Section 8.1
 64




---



##### 



Non-Union Employees
 Offer Consideration Period Minimum Terms and Conditions of
Employment Hire Date
 Section 8.2(b) Absent
Employees Schedule 8.1(a)(i)
  65




---



##### 



Schedule 8.1(a)(i)
  Section 8.2(a) Section 8.2(e) Union Employees Section 8.2(b)
 Union Employees
   UE Offer
 66




---



##### 



Workers Compensation Claims Schedule 8.4 Schedule 8.4 Schedule 8.4 Schedule 8.4
 WARN Act Notification Sections 8.2 8.3 Sections 8.2 8.3
 67




---



##### 



Employee Benefits
 COBRA
 401(k) Plan Seller 401(k) Plan Buyer 401(k) Plan
 No Right to Employment Article VIII Article VIII Article VIII Article VIII
 Code Section 409A
 ARTICLE IX
 CONDITIONS PRECEDENT
 Conditions to Obligations of Buyer
 68




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##### 



Seller Representations and Warranties Sections 4.1 4.2 4.19 4.20 Sections 4.1 4.2 4.19 4.20
 Agreements and Covenants
 No Material Adverse Effect
 Consents Pay-off Letter Pay-off
Amount
 Deliveries
 Sections 9.1(a) 9.1(b)
 69




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##### 



Exhibit B Bill of Sale, Assignment and Assumption Agreement
 Exhibit C Intellectual Property Assignment
 Exhibit D Intellectual Property License Agreement
 Exhibit E Engineering Services Agreement
 Exhibit F Transition Services Agreement
  Exhibit G SOW Supply Agreement
 Exhibit H Facilities Bill of Sale,
Assignment and Assumption Agreement
 Exhibit I North Charleston Sublease Assumption
 Exhibit J GA Sublease Assumption
 Exhibit K SOW Side Letter
 Exhibit L 747 Amendment
 Exhibit M 767 Amendment
 70




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##### 



Exhibit N 777 Amendment
 Exhibit O SOW Warranty Agreement
 Exhibit P SOW Administrative Agreement
  No Order provided
 No Legal Proceeding
 Conditions to Obligations of Seller
 Buyer Representations and Warranties Sections 5.1 5.2 5.4 Sections 5.1 5.2 5.4
 71




---



##### 



Agreements and Covenants
 Deliveries
 Sections 9.2(a) (b)
             72




---



##### 



No Order provided
 Waiver Under Seller Senior Credit Facility
 No Legal Proceeding
 ARTICLE X
 TERMINATION
 Termination Section 10.1
  Section 9.1(a) Section 9.1(b) Terminating Seller
Breach Seller Cure Period provided
 Section 9.2(a)
 73




---



##### 



Section 9.2(b) Terminating Buyer
Breach Buyer Cure Period provided
 provided however Section 10.1(c)
 Effect of Termination Section 10.1 Article X Article XII provided however Section 10.1
 ARTICLE XI
 INDEMNIFICATION
 Survival Sections 4.1 4.2 Section 4.7 Section 4.10(b) Sections 4.19 4.20 5.1 5.2 5.4 Section 4.10(c) Section
 74




---



##### 



4.15 provided however provided Sections 6.1 6.2 Section 11.2(c) Article XI
 Indemnification by Seller
 Article XI Buyer Indemnified Person Section 11.2(a)
 Section 11.2 Section 4.1 Section
4.2 Section 4.7 Section 4.10(b) Section 4.15 Section 4.19 Section 4.20 Section 11.2(a)(i) Section 4.10(c) Section 11.2(b)(ii) Section
11.2(a)(ii) Section 6.1 Section 11.2(b) Section 11.5
 75




---



##### 



Section 11.2(a)(i) Section 4.10(c Section 11.2(c) Section
11.2(b)(ii) Section 11.2(a)(i) Section 4.10(c Section 11.2(c) Section 11.2(b) Section
11.5 Section 11.2(a)(i) Section
4.10(c) Section 11.2(a)(ii) Section 6.1
 Article XI Supplied Products provided however Section 11.2(c)
 76




---



##### 



Section 11.2(c) Section 11.2(b) Article XI provided Section 11.2(b) Article XI) Section 11.2(b) Article XI)
 77




---



##### 



Section 11.2(b) Article XI) Section 11.2(b) Article
XI
 Supplier Infringement Claim provided Section 11.2(b) Article XI) Section 11.2(c)
 78




---



##### 



Section 11.2(b) Article XI
  Section 11.2(b) Article XI)
   provided however Section 11.2(b) Article XI) Section 11.2(b) Article
XI)
 79




---



##### 



Schedule 2.2(a)(i)
 Section 11.2
 Indemnification by Buyer
 Article XI Seller Indemnified Persons Indemnified Persons Article V Section 11.2 Section 11.3(a)(iii)(B) Section 2.3(b)
 Section 11.3
 Third Party Claims Article XI Third Party Claim
 Article XI Indemnifying Person Article XI
 80




---



##### 



provided
 Section 11.4(c) Section 11.2(b) Section
11.4(d)
 provided provided further
 Section 11.4
 81




---



##### 



Schedule 11.4(e)
 Limitations on Indemnification Liability
 Losses Net of Insurance Proceeds and Other Third-Party Recoveries Article XI provided Article XI provided Section 11.5(a)
 Tax Benefits Article XI Article XI Article XI Section 11.5(b)
 82




---



##### 



Tax
Benefit Objection Notice Arbitrator Tax Benefit
 Consequential; Punitive and Other Special Damages
 Treatment of Indemnification Payments Article XI
 Exclusive Remedy Section 3.4 Article XI
 83




---



##### 



ARTICLE XII
 GENERAL PROVISIONS
 Notices
  
  
  
 84




---



##### 



Severability; Specific Enforcement
 Amendments
 85




---



##### 



Assignment; Beneficiaries Section 12.4 provided provided Article XI Article VIII
 Counterparts; Facsimiles
 Descriptive Headings
 Governing Law; Forum Selection Chosen Courts
 WAIVER OF JURY TRIAL
 86




---



##### 



Entire Agreement
 Waivers
 NO ADDITIONAL REPRESENTATION OR WARRANTIES ARTICLE IV
 Disclosure Schedules
 87




---



##### 



No Recourse Section 12.13
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK;
SIGNATURE PAGE FOLLOWS]
 88




---



##### 



SELLERVOUGHT AIRCRAFT INDUSTRIES, INC.By:
    
    /s/ Keith B. HoweName:
    
    Keith B. HoweTitle:BUYERBCACSC, INC.By:
    
    /s/ Bryan GerardName:
    
    Bryan GerardTitle: