Document:

SUPPLEMENTAL INDENTURE DATED AUGUST 2, 2020

 Exhibit 4.3 

SUPPLEMENTAL INDENTURE 

Dated as of 

August 2, 2010 
  

 
 relating to
the: 
 INDENTURE 

Dated as of June 11, 2003 

Among 

ESTERLINE TECHNOLOGIES CORPORATION, 

as Issuer, 

THE SUBSIDIARY GUARANTORS, 

as Guarantors, 

and 
 THE BANK
OF NEW YORK MELLON TRUST COMPANY, N.A., as successor trustee, 
 as Trustee 

 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
August 2, 2010 among Esterline Technologies Corporation, a Delaware corporation (the “Company”), the Subsidiary Guarantors party hereto, and The Bank of New York Mellon Trust Company, N.A., as successor trustee (the
“Trustee”) for the Company’s 7.75% Senior Subordinated Notes due 2013 (the “Notes”). 
 W
I T N E S S E T H 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture (the
“Indenture”), dated as of June 11, 2003, providing for the issuance of the Notes; 
 WHEREAS, the Company
has offered to purchase any and all of the Notes (the “Offer”) and has solicited consents to certain amendments to the Indenture pursuant to the Company’s Offer to Purchase and Consent Solicitation Statement dated July 19,
2010; 
 WHEREAS, Section 9.02 of the Indenture provides that the Company, the Subsidiary Guarantors and the Trustee may
amend the Indenture with the written consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes, and upon the request of the Company and the Subsidiary Guarantors, when authorized by a Board Resolution,
the Trustee may amend or supplement the Indenture; 
 WHEREAS, in accordance with Section 9.02 of the Indenture, the
Company has obtained the written consent to the proposed amendments to the Indenture from the Holders of at least a majority in aggregate principal amount of the Notes; 

WHEREAS, the Company is authorized to enter into this Supplemental Indenture by a Board Resolution, and the Trustee has received an
Opinion of Counsel and an Officers’ Certificate as required under the Indenture; and 
 Whereas, all actions necessary to
make the Indenture, as supplemented by this Supplemental Indenture, the legal, valid and binding obligation of the Company, have been done. 

NOW, THEREFORE, for and in consideration of the foregoing premises, it is mutually covenanted and agreed, for the equal and proportionate
benefit of all Holders of the Notes, as follows: 
 A G R E E M E N T S 

SECTION 1.01. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the
Indenture. 

 SECTION 2.01. Amendments to Indenture and Notes. At such time as the Company delivers
written notice to the Trustee [and The Depository Trust Company, in its capacity as the depositary for the Notes] with respect to the Offer, that Notes representing at least a majority in aggregate principal amount of the Notes have been validly
tendered and not validly withdrawn pursuant to the Offer and accepted for purchase: 
 (a) The following Sections of the
Indenture, and any corresponding provisions in the Notes, shall be deleted in their entirety and replaced with “Intentionally Omitted,” and all references made thereto throughout the Indenture and the Notes shall be deleted in their
entirety: 
  

			
	 Existing Section
or Subsection
Number
	 	 Caption

		
	 SECTION 4.04
	 	Maintenance of Office or Agency
		
	 SECTION 4.05
	 	Corporate Existence
		
	 SECTION 4.06
	 	Waiver of Stay, Extension or Usury Laws
		
	 SECTION 4.07
	 	Payment of Taxes and Other Claims
		
	 SECTION 4.08
	 	Business Activities
		
	 SECTION 4.09
	 	Limitation on Incurrence of Additional Indebtedness and Issuance of Preferred Stock
		
	 SECTION 4.10
	 	Limitation on Restricted Payments
		
	 SECTION 4.12
	 	Limitation on Liens Securing Indebtedness
		
	 SECTION 4.13
	 	Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
		
	 SECTION 4.14
	 	Limitation on Transactions with Affiliates
		
	 SECTION 4.15
	 	Limitation on Future Senior Subordinated Indebtedness
		
	 SECTION 4.17
	 	Designation of Restricted and Unrestricted Subsidiaries
		
	 SECTION 4.18
	 	Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries
		
	 SECTION 4.19
	 	Payments for Consent
		
	 SECTION 4.20
	 	Limitations on Issuances of Guarantees by Restricted Subsidiaries; Merge, Consolidation and Sale of Assets by Subsidiary Guarantors; Release of Subsidiary
Guarantees.
		
	 SECTION 4.21
	 	Sale and Leaseback Transactions
		
	 SECTION 4.22
	 	Additional Subsidiary Guarantees
		
	 SECTION 5.01
	 	Merger Consolidation or Sale of Assets

 (b)
Section 4.03 of the Indenture shall be amended by deleting the text in its entirety and replacing it with the following text: 

SECTION 4.03. Compliance Certificate. 

The Company shall deliver to the Trustee not less often than annually an Officers’ Certificate stating that as to each such
Officer’s knowledge the Company has complied with all conditions and covenants under this Indenture. 
 (c) Subclauses (3),
(4), and (5) of Section 6.01 of the Indenture, and any corresponding provisions in the Notes, shall be deleted in their entirety and replaced with “Intentionally Omitted,” and all references made thereto throughout the Indenture
and the Notes shall be deleted in their entirety. 
  

 3 

 (d) All references made to a provision in the Indenture or the Notes deleted pursuant to the
amendments set forth in Subsections (a) through (c) of this Section 2.01 shall be deleted in their entirety from the Indenture and the Notes, and any definitions used exclusively in the provisions of the Indenture deleted pursuant to
the amendments set forth in Subsections (a) through (h) of this Section 2.01 shall be deleted in their entirety from the Indenture. The applicable provisions of the Notes shall be deemed amended to reflect the amendments to the
corresponding provisions of the Indenture that are amended pursuant to Subsections (a) through (c) hereof. 
 SECTION
3.01. The Indenture Ratified. Except as hereby otherwise expressly provided, the Indenture is in all respects ratified and confirmed, and all the terms, provisions, and conditions thereof shall be and remain in full force and effect.

 SECTION 4.01. Counterparts. This Supplemental Indenture may be executed in any number of counterparts, each of which
shall be an original, but such counterparts shall together constitute but one and the same instrument. 
 SECTION 5.01. This
Supplemental Indenture is a Supplement to the Indenture. This Supplemental Indenture is executed as and shall constitute an indenture supplemental to the Indenture and shall be construed in connection with and as part of the Indenture.

 SECTION 6.01. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK. 
 SECTION 7.01. References to This Supplemental Indenture. Any and all notices, requests,
certificates and other instruments executed and delivered after the execution and delivery of this Supplemental Indenture may refer to the Indenture without making specific reference to this Supplemental Indenture, but nevertheless all such
references shall include this Supplemental Indenture unless the context otherwise requires. 
 SECTION 8.01. Effect of this
Supplemental Indenture. The Indenture shall be deemed to be modified as herein provided, but except as modified hereby, the Indenture shall continue in full force and effect. The Indenture as modified hereby shall be read, taken, and construed
as one and the same instrument. 
 SECTION 9.01. Severability. In the event that any provisions of this Supplemental
Indenture shall be invalid, illegal, or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

SECTION 10.01. Trust Indenture Act. If any provisions hereof limit, qualify, or conflict with any provisions of the TIA required
under the TIA to be a part of and govern this Supplemental Indenture, the provisions of the TIA shall control. If any provision hereof modifies or excludes any provision of the TIA that pursuant to the TIA may be so modified or excluded, the
provisions of the TIA as so modified or excluded hereby shall apply. 
  

 4 

 SECTION 11.01. Trustee Not Responsible for Recitals. The recitals contained herein
shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. 

SECTION 12.01. Effectiveness. This Supplemental Indenture shall become effective upon execution by the Company, the Subsidiary
Guarantors party hereto, and the Trustee. 
 [Signature page follows] 

 

 5 

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

			
	 ISSUER

	
	ESTERLINE TECHNOLOGIES CORPORATION
		
	By:	 	 /S/ ROBERT D. GEORGE

		 	Robert D. George
		 	Vice President, Chief Financial Officer,
		 	Secretary and Treasurer
	
	GUARANTORS
	
	ADVANCED INPUT DEVICES, INC.,
	ANGUS ELECTRONICS CO.,
	ARMTEC COUNTERMEASURES CO.,
	ARMTEC COUNTERMEASURES TNO CO.,
	ARMTEC DEFENSE PRODUCTS CO.,
	AVISTA, INCORPORATED,
	BVR TECHNOLOGIES CO.,
	CMC DATACOM INC.,
	CMC ELECTRONICS ACTION INC.,
	CMC ELECTRONICS AURORA INCORPORATED,
	EA TECHNOLOGIES CORPORATION,
	ESTERLINE US LLC,
	ESTERLINE INTERNATIONAL COMPANY,
	ESTERLINE SENSORS SERVICES AMERICAS, INC.,
	HAUSER, INC.,
	HYTEK FINISHES CO.,
	JANCO CORPORATION,
	KIRKHILL-TA CO.,
	KORRY ELECTRONICS CO.,
	LEACH HOLDING CORPORATION,
	LEACH INTERNATIONAL CORPORATION,
	LEACH TECHNOLOGY GROUP, INC.,
	MASON ELECTRIC CO.,
	MC TECH CO.,
	MEMTRON TECHNOLOGIES CO.,
	NMC GROUP, INC.,
	NORWICH AERO PRODUCTS, INC.,

Signature Page to Supplemental Indenture 

					
	 PALOMAR PRODUCTS, INC.,

PRESSURE SYSTEMS, INC.,
 RACAL ACOUSTICS, INC.,

 UMM ELECTRONICS INC.

		
	By:	 	 /S/ ROBERT D. GEORGE

		 	Name:	  	Robert D. George
		 	Title:	  	Secretary and Treasurer
	
	ESTERLINE TECHNOLOGIES HOLDINGS LIMITED
		
	By:	 	 /S/ ROBERT D. GEORGE

		 	Name:	  	Robert D. George
		 	Title:	  	Director
	
	ESTERLINE TECHNOLOGIES LIMITED
		
	By:	 	 /S/ ROBERT D. GEORGE

		 	Name:	  	Robert D. George
		 	Title:	  	Director
	
	LEACH INTERNATIONAL MEXICO, S DE R.L. DE C.V.
		
	By:	 	 /S/ ROBERT D. GEORGE

		 	Name:	  	Robert D. George
		 	Title:	  	First Vice President, Secretary and Treasurer

Signature Page to Supplemental Indenture 

					
	 TRUSTEE

	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
		
	By:	 	 /S/ RAYMOND TORRES

		 	Name:	  	Raymond Torres
		 	Title:	  	Senior Associate

 Signature Page to
Supplemental IndentureSummary of Terms and Conditions

 Exhibit 10.1 

NEWS CORPORATION 

EXECUTIVE OFFICER PERFORMANCE-BASED LONG-TERM INCENTIVE PROGRAM 

SUMMARY OF TERMS AND CONDITIONS OF PERFORMANCE STOCK UNIT 

 

									
	Eligible Persons	 	Persons who may be designated from time to time by the Compensation Committee (the “Compensation Committee”) of the Board of Directors of News Corporation
	   
		
	Award	 	An award of News Corporation Performance Stock Units (“PSUs”), with each representing the right to receive the U.S. dollar value of one share of News
Corporation’s Class A common stock, par value $0.01 per share (“Class A Common Stock”) in cash. The PSUs will be granted under the News Corporation 2005 Long-Term Incentive Plan (the “LTIP”).	     
			
	Performance Period	 	3-Year Performance Period	  		
				
	Performance Metrics
(Target Performance,
Maximum Performance
and Limitation	 	 Performance Metric
	  	Target
Performance	 	 	Maximum
Performance	 
	 	Earnings Per Share (“EPS”) Growth – Average Adjusted EPS growth per fiscal year measured by the sum of the year over year annual growth in each of the three fiscal
years of the performance period, divided by 3 versus a pre-established target	  	40	% 	 	80	% 
	Adjustment)	 	  
 Free Cash Flow (“FCF”) Growth – Average Adjusted
Free Cash Flow growth per fiscal year measured by the sum of the year over year annual growth in each of the three fiscal years of the performance, divided by 3 versus a pre-established target
	  	40	% 	 	80	% 
		 	  
 Total Shareholder Return (“TSR”) – News
Corporation’s 3-year TSR compared with the 3-year TSR of the companies comprising the S&P 500 Index (excluding Financial and Energy sector companies) at the end of the Performance Period
	  	20	% 	 	40	% 
		 		  	 	 	 	 	 
		 	 Subtotal
	  	100	% 	 	200	%** 
		 		  	 	 	 	 	 
		
		 	  

**     However, in no event may a payout exceed 150% of the PSU Target Number (defined
below) the Eligible Person has the opportunity to earn.
  
 The EPS and FCF
performance metrics are determined as the percentage growth from News Corporation’s prior year end consolidated results. The TSR performance metric is determined by a measurement at the end of the Performance Period.
	          

     

			
		  	Limitation Adjustment – A “limitation adjustment” may be required in some cases to cap the maximum payout at 150% of the PSU Target Number (defined
below).
		
	Target Determinations	  	Within 90 days of the beginning of each Performance Period, the Compensation Committee will establish, for each of the performance metrics, performance ranges and payout ranges
for the Performance Period. At such time, unless already set forth in an applicable employment agreement, the Compensation Committee will determine the target opportunity for each Eligible Person expressed as a dollar value (the “PSU Target
Value”). The PSU Target Value will be converted into a target number of PSUs based on the 20 trading day average closing price of the Class A Common Stock ending on the June 30 of the prior year (the “PSU Target Number”). Such
performance metrics’ performance ranges, payout ranges, and PSU Target Value will be conveyed in writing to each applicable Eligible Person within 90 days of the beginning of each Performance Period.
		
	Performance Determination	  	 •        As soon as practicable following the end of
the Performance Period, the Compensation Committee will compute the average of the annual EPS and FCF performance metrics for each of the three applicable fiscal years and determine the final performance metric for each of the three performance
metrics, which, because of the Limitation Adjustment described above, cannot exceed 150% of the PSU Target Number (the “Final Performance Metric”). The Compensation Committee will then certify the achievement of the results for the
Performance Period.
  

•        All performance metrics may be adjusted at the sole discretion
of the Compensation Committee as it deems appropriate (i) to exclude the effect of extraordinary, unusual and/or non-recurring items, discontinued operations and accounting charges and (ii) to reflect such other facts as the Compensation Committee
deems appropriate so as to reflect the performance metric and not distort the calculation of the performance metric.

		
	Payment	  	Subject to the Condition to Payment of PSUs described below, at the end of the Performance Period, each Eligible Person will be credited with the number of PSUs determined by
multiplying the PSU Target Number by the Final Performance Metric (the “Final PSU Credits”). Each Eligible Person will then receive a payment equal to the Final PSU Credits multiplied by the closing price of the Company’s Class A
Common Stock on the last trading day immediately prior to the Payment Date, subject to the limitations set forth in the LTIP. The “Payment Date” shall be August 15 or the business day closest to August 15. Thus, the Final PSU Credits
reflect, for each Eligible Person, both Company performance and any change in the value of the Company’s Class A Common Stock over the three-year Performance Period.
		
	Condition to Payment of PSUs	  	The Payment of PSUs to each Eligible Person is subject to the attainment of one or more pre-established objective performance measures that shall be determined by the
Compensation Committee within the 90 day period after the beginning of the fiscal year (the “PSU Performance Condition”). If the PSU Performance Condition is met, the actual number of PSUs to be awarded shall be determined by multiplying
the PSU Target Number by the Final Performance Metric as described herein subject to the maximum limitation contained in the 2005 Long-Term Incentive Plan.

			
		
	Impact of Termination During a Performance Period	  	 Unless set forth in an applicable employment agreement or otherwise provided by the Compensation Committee, in its sole discretion,
the following provisions shall apply to the PSUs:
  
 Upon any type of
termination on or prior to the last day of the first fiscal year of the applicable Performance Period, the entire Award will be forfeited.
  

Upon termination that occurs within the second or third fiscal years of the applicable Performance Period, the following terms and conditions shall apply:

  
 In the event of termination by the Company for Cause
(as may be defined in an applicable employment agreement) or termination by an Eligible Person without Good Reason (as may be defined in an applicable employment agreement), the entire Award will be forfeited.

 
 In the event of termination by the Company without Cause (as may
be defined in an applicable employment agreement), including by a non-renewal of the Eligible Person’s employment agreement, termination by the Eligible Person with Good Reason (as may be defined in an applicable employment agreement) or upon
retirement, an Eligible Person shall be entitled to receive a pro-rata portion of any Award that would have been paid had no termination occurred based on the number of days the Eligible Person was employed by the Company during the Performance
Period.
  
 In the event of death or Disability (as
defined below), an Eligible Person shall be entitled to receive the full value of any Award at the end of the Performance Period as if no termination had occurred and such Award shall be payable when such Award would have been paid had no
termination occurred.
  
 “Disability” shall
mean an Eligible Person is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not
less than 12 months.
  
 “Retirement” shall mean
the resignation or termination of employment by the Eligible Person after attainment of age 60 with ten years of service with the Company or any of its affiliates so long as the Eligible Person is not then employed by another
company.

		
	Definitions	  	“Adjusted Net Income” shall be determined by adjusting Net Income by eliminating the effect on Net Income of the following items, which will apply equally to income and
losses from “Associated Entities” (as that term is used in News Corporation’s audited consolidated financial statement (the “Financial Statements”) included in Net

			
		
		  	 Income (the “Adjustments”) - (i) non-cash intangible asset impairment charges and writedowns on investments to realizable
values; (ii) gains or losses on the sale or other disposition of businesses or investments; (iii) items classified as Extraordinary Items (or a similar classification); (iv) the impact of changes in accounting in the fiscal year of such change (with
the intent being to measure Adjusted Net Income in each Fiscal Year on the same bases of accounting); (v) costs of material business restructurings, reorganizations and relocations (includes severances, shut down, asset writeoffs – whether
immediately recognized or the incremental impact of accelerated charges over the restructuring period); and (vi) gains and losses from capital and debt issuances and retirements. The determination may reflect such other adjustments as the
Compensation Committee deems appropriate to reflect the performance metric so as to not distort the calculation of the performance metric.
  

“Earnings Per Share” is calculated by dividing Adjusted Net Income by the number of shares of stock (or stock equivalents) of the combined
classes of News Corporation’s common stock utilized in the Financial Statements for the respective fiscal year in determining diluted earnings per share, after adjusting for new share issuances and the effect of corporate reorganizations such
as stock splits.
  
 “Free Cash Flow” is defined as operating
income before depreciation and amortization, less cash interest, operating taxes paid, working capital requirements and capital expenditures, plus distributions/dividends received and non-cash compensation expense, all determined from continuing
operations. Comparable adjustments made to Net Income in accordance with the definition of Adjusted Net Income will be made to Free Cash Flow to the extent they impact Free Cash Flow.

 
 “Net Income” for each fiscal year shall be determined in accordance with
United States generally accepted accounting principles and will be such amount reported as Net Income in the Financial Statements.
  

“Total Shareholder Return” is calculated as the change in value of the Company’s weighted average of the share price of the Company’s
Class A Common Stock and Class B common stock, par value $0.01 per share, as quoted on The NASDAQ Stock Market over the Performance Period .
  

Weighted Average TSR = (Weighted Class A TSR plus Weighted Class TSR) divided by 2

 
 Weighted Class A TSR = (((share price of the Class A Common Stock at the end of the
3-year Performance Period minus the share price of the Class A Common Stock at the beginning of the three-year Performance Period) plus dividends reinvested) divided by the share price of the Class A Common Stock at the beginning of the three-year
Performance Period) multiplied by the shares outstanding of the Class A Common Stock.

			
		
		  	 Weighted Class B TSR = (((share price of the Class B Common Stock at the end of the 3-year Performance Period minus the share price
of the Class B Common Stock at the beginning of the three-year Performance Period) plus dividends reinvested) divided by the share price of the Class B Common Stock at the beginning of the three-year Performance Period) multiplied by the shares
outstanding of the Class B Common Stock.
  
 Share price is determined using
the 20 trading day average closing price up to the last trading day on or prior to June 30. Shares outstanding is determined on the last trading day on or prior to June 30 at the end of the Performance Period.

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