Document:

Exhibit 10.18

 

CONTRIBUTION AND ASSIGNMENT
AGREEMENT

CONTRIBUTION AND ASSIGNMENT AGREEMENT (this “Agreement”), dated as of October 13,
2003, by and between TransDigm Inc., a Delaware corporation (“TransDigm”),
and TD Finance Corporation, a Delaware corporation and a wholly-owned
subsidiary of TransDigm (“TD Finance”).

WHEREAS, in connection with
the consummation of the transactions contemplated by that certain Agreement and
Plan of Merger (the “Merger Agreement”), dated as of June 6, 2003, by
and between TransDigm Holding Company, a Delaware corporation and the parent
company of TransDigm (“TransDigm Holding”), and TD Acquisition
Corporation, TransDigm loaned (the “Loan”) an aggregate of
$749,925,329.03 to TransDigm Holding to enable TransDigm Holding to make
certain payments to its equity holders and to pay certain transaction expenses,
in each case, in accordance with the terms of the Merger Agreement; and

WHEREAS, the Loan is
evidenced by that certain Demand Promissory Note, dated July 22, 2003, made by
TransDigm Holding in favor of TransDigm (the “Promissory Note”), which
Promissory Note has been pledged (the “Existing Pledge”) as collateral
in accordance with the terms of that certain Credit Agreement, dated as of July
22, 2003, by and among TransDigm (as successor by merger to TD Funding
Corporation), TransDigm Holding (as successor by merger to TD Acquisition
Corporation) and the lenders named therein (the “Credit Agreement”); and

WHEREAS, subject to the
terms and conditions set forth in this Agreement, TransDigm wishes to
contribute and assign to TD Finance all of its right, title and interest in and
to the Promissory Note, subject to the Existing Pledge.

NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

SECTION 1.  Contribution and Assignment.  TransDigm hereby contributes, conveys,
assigns, transfers and delivers to TD Finance, and TD Finance hereby accepts,
all of TransDigm’s right, title and interest in and to the Promissory Note,
including without limitation, all of TransDigm’s right, title and interest in
and to any and all payments or right to receive payments thereunder, whether
principal, interest or otherwise and whether such amounts have accrued
thereunder prior to the date hereof or hereafter accrue or become payable
pursuant to the terms thereof.  For the
sake of clarity, TransDigm is contributing, conveying, assigning, transferring
and delivering to TD Finance any and all right, title and interest it may have
in and to any and all amounts that have accrued under the terms of the
Promissory Note from and after the date of the issuance thereof and prior to
the date hereof.  Notwithstanding the
foregoing, TD Finance acknowledges and agrees that it is accepting the
Promissory Note subject to the Existing Pledge.

SECTION 2.  Warranties.  Each party hereto represents and warrants to the other that this
Agreement has been duly executed and delivered by such party and that this
Agreement constitutes the legal, valid and binding obligation of such party
enforceable against it in 

 

accordance with its terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium and other laws of general
application affecting enforcement of creditors’ rights generally.

SECTION 3.  Further Assurances.  Each party hereby agrees to use reasonable
efforts to take, or cause to be taken, all action, and to do, or cause to be
done, all things necessary, proper or advisable, consistent with applicable law
to consummate and make effective the transactions contemplated hereby,
including without limitation, the execution and delivery of any and all
documents required under (i) the Credit Agreement and any documents relating
thereto and (ii) that certain Indenture, dated as of July 22, 2003, by and
among TransDigm (as successor by merger to TD Funding Corporation), TransDigm
Holding (as successor by merger to TD Acquisition Corporation), the guarantors
named therein and The Bank of New York, as Trustee.

SECTION 4.  No Third Party Beneficiaries.  This Agreement is not intended to confer and
does not confer upon any person or entity other than the parties hereto any
rights or remedies hereunder.

SECTION 5.  Severability.  In the event that any provision in this
Agreement shall be held to 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 6.  Governing Law.  This Agreement shall be governed by and
construed and enforced in accordance with the laws of the State of New York,
without giving effect to the conflict of law principles thereof.

SECTION 7.  Successors and Assigns.  This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns.

SECTION 8.  Survival.  All of the covenants and agreements of the parties contained in
this Agreement shall survive the contribution and assignment of the Promissory
Note contemplated hereby and shall continue in full force and effect forever
thereafter.

SECTION 9.  Amendments.  The terms, provisions, and conditions of this Agreement may not
be changed, modified, or amended in any manner except by an instrument in
writing duly executed by all of the parties hereto.

SECTION 10.  Entire Agreement.  This Agreement constitutes the entire
agreement between the parties hereto with respect to the subject matter hereof,
supersedes and is in full substitution for any and all prior agreements and
understandings between them relating to such subject matter, and no party shall
be liable or bound to the other party hereto in any manner with respect to such
subject matter by any warranties, representations, indemnities, covenants, or
agreements, except as specifically set forth herein.

SECTION 11.  Descriptive Headings.  The descriptive headings of the several
sections of this Agreement are inserted for convenience only and shall not
control or affect the meaning or construction of any of the provisions hereof.

 

2

 

SECTION 12.  Counterparts.  For the convenience of
the parties, any number of counterparts of this Agreement may be executed by
any one or more parties hereto, and each such executed counterpart shall be,
and shall be deemed to be, an original, but all of which shall constitute, and
shall be deemed to constitute, in the aggregate one and the same instrument.

 

3

 

IN WITNESS WHEREOF, the
parties hereto have caused this Contribution and Assignment Agreement to be
duly executed as of the day and year first above written.

 

	
   

  	
  TRANSDIGM INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gregory Rufus

  
	
   

  	
   

  	
  Name:

  	
  Gregory Rufus

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
  TD
  FINANCE CORPORATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gregory Rufus

  
	
   

  	
   

  	
  Name:

  	
  Gregory Rufus

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  
					

 

 

 

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Exhibit 10.4    
    

TRADEMARK LICENSE AMENDMENT AND EXTENSION AGREEMENT (UK)  

        This Extension Agreement dated as of August 28, 2003 is by and between Hallmark Cards, Incorporated ("Hallmark") and Crown Entertainment Limited ("Crown
Entertainment"). 

        WHEREAS,
Crown Entertainment and Hallmark have previously entered into that certain Amended and Restated Trademark License Agreement between the parties dated as of December 1,
2000 and amended and extended as of November 30, 2002 (the "License Agreement"); and 

        WHEREAS,
the parties desire to amend and further extend the term of the License Agreement; 

        NOW,
THEREFORE, Crown Entertainment and Hallmark hereby agree as follows: 

        1.     The
term of the License Agreement shall be extended for an additional period terminating on September 1, 2004, subject to any earlier termination pursuant to the
terms of the License Agreement. 

        2.     Paragraph 5
Approval shall be amended to provide that Submissions shall be directed to the attention of James
Welch, or such other person designated by Hallmark from time to time. 

        3.     All
other terms and conditions of the License Agreement will remain unchanged and in full force and effect. 

        IN
WITNESS WHEREOF, the parties hereto have executed this Extension Agreement as of the date set forth above. 

	HALLMARK CARDS, INCORPORATED	 	 
	

By:	
 	

/s/  JUDITH WHITAKER      
	
 	

 
	Title:	 	Executive Vice President
	 	 
	

CROWN ENTERTAINMENT LIMITED	
 	

 
	

By:	
 	

/s/  C. STANFORD      
	
 	

 
	Title:	 	Vice President
	 	 

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Exhibit 10.4QuickLinks
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Exhibit 10.5    
    

TRADEMARK LICENSE AMENDMENT AND EXTENSION AGREEMENT  

        This Amendment and Extension Agreement dated as of August 28, 2003 is by and between Hallmark Cards, Incorporated ("Hallmark") and Crown Media
International, LLC ("Crown"). 

        WHEREAS,
Crown and Hallmark have previously entered into that certain Amended and Restated Trademark License Agreement between the parties dated as of December 1, 2000 and amended
and extended as of November 30, 2002 (the "License Agreement"); and 

        WHEREAS,
the parties desire to amend and further extend the term of the License Agreement; 

        NOW,
THEREFORE, Crown and Hallmark hereby agree as follows 

        1.     The
term of the License Agreement shall be extended for an additional period terminating on September 1, 2004, subject to any earlier termination pursuant to the
terms of the License Agreement. 

        2.     Paragraph 5
Approval shall be amended to provide that Submissions shall be directed to the attention of James
Welch, or such other person designated by Hallmark from time to time. 

        3.     All
other terms and conditions of the License Agreement will remain unchanged and in full force and effect. 

        IN
WITNESS WHEREOF, the parties hereto have executed this Extension Agreement as of the date set forth above. 

	HALLMARK CARDS, INCORPORATED	 	 
	

By:	
 	

/s/  JUDITH WHITAKER      
	
 	

 
	Title:	 	Executive Vice President
	 	 
	

CROWN MEDIA INTERNATIONAL, LLC	
 	

 
	

By:	
 	

/s/  C. STANFORD      
	
 	

 
	Title:	 	Vice President
	 	 

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Exhibit 10.5

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