Document:

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                          ERESOURCE CAPITAL GROUP, INC.

                             STOCK COMPENSATION PLAN

                                    ARTICLE 1
                                NAME AND PURPOSE

1.1     Name. The name of this Plan is the "eResource Capital Group, Inc. Stock
        Compensation Plan."

1.2     Purpose. The purpose of the Plan is to enhance the profitability and
        value of the Company for the benefit of its stockholders by providing
        equity ownership opportunities to better align the interests of
        officers, key employees and valued directors, consultants, independent
        contractors and other agents with those of the Company's stockholders.
        The Plan is also designed to enhance the profitability and value of the
        Company for the benefit of its stockholders by providing stock options
        to attract, retain and motivate officers, key employees and valued
        directors, consultants, independent contractors and other agents who
        make important contributions to the success of the Company.

                                    ARTICLE 2
                 DEFINITIONS OF TERMS AND RULES OF CONSTRUCTION

2.1     General Definitions. The following words and phrases, when used in the
        Plan, unless otherwise specifically defined or unless the context
        clearly otherwise requires, shall have the following respective
        meanings:

        (a)     Affiliate. A Parent or Subsidiary or any other entity designated
                by the Committee in which the Company owns at least a 50%
                interest (including, but not limited to, partnerships and joint
                ventures).

        (b)     Board. The Board of Directors of the Company.

        (c)     Code. The Internal Revenue Code of 1986, as amended. Any
                reference to the Code includes the regulations promulgated
                thereunder.

        (d)     Company. eResource Capital Group, Inc., a Delaware corporation.

        (e)     Committee. The Board or, to the extent delegated by the Board,
                the Company's Compensation Committee or its successors.

        (f)     Common Stock. The common stock, $.04 par value, of the Company.

        (g)     Consultant. Any person engaged by the Company or any Affiliate
                to provide consulting services to the Company or any Affiliate
                as an Independent Contractor and not as an Employee.

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        (h)     Directors. A duly-elected member of the Board.

        (i)     Effective Date. The date that the Plan is approved by the
                stockholders of the Company, which must occur within 12 months
                after adoption by the Board. Any grants of Options prior to the
                approval by the stockholders of the Company shall be void if
                such approval is not obtained.

        (j)     Employee. Any individual employed by the Employer.

        (k)     Employer. The Company and all Affiliates.

        (l)     Exchange Act. The Securities Exchange Act of 1934, as amended.

        (m)     Fair Market Value. For so long as the Common Stock of the
                Company is listed or admitted to unlisted trading privileges on
                a national securities exchange or designated as a national
                market systems security on an interdealer quotation system by
                the National Association of Securities Dealers, Inc. ("NASD") or
                if sales or bid and offer quotations are reported for the Common
                Stock in the automated quotation system ("NASDAQ") operated by
                the NASD ("publicly traded"), "Fair Market Value" shall mean the
                closing price of the Common Stock as of the day in question or,
                if such day is not a trading day in the principal securities
                market or markets for such stock, on the nearest preceding
                trading day, as reported with respect to the market (or the
                composite of markets, if more than one) in which shares of such
                stock are then traded, or, if no such closing prices are
                reported, on the basis of the mean between the high bid and low
                asked prices that day on the principal market or quotation
                system on which shares of such stock are then quoted, or, if not
                so quoted, as furnished by a professional securities dealer
                making a market in such stock selected by the Board. If the
                Common Stock is no publicly traded, "Fair Market Value" means
                with respect to shares of Common Stock, the amount that a
                willing buyer would pay for such shares to a willing seller,
                neither being under any compulsion to buy or to sell and both
                having reasonable knowledge of all relevant factors, as such
                amount is determined by the Board in good faith using any
                reasonable valuation method as of the date of any grant of an
                ISO (or on any other relevant valuation date specified herein).

        (n)     Fiscal Year. The taxable year of the Company, which end June 30
                of each year.

        (o)     Independent Contractor. A Person engaged to provide services to
                the Company or any Affiliate on an independent basis and not as
                an Employee.

        (p)     ISO. An Incentive Stock Option as defined in Section 422 of the
                Code.

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        (q)     NQSO. A Non-Qualified Stock Option, which is an Option that does
                not meet the statutory requirements of an ISO.

        (r)     Option. An option to purchase Shares granted under the Plan.

        (s)     Option Agreement. The document which evidences the grant of an
                Option under the Plan and which sets forth the terms, conditions
                and provisions of, and restrictions relating to, such Option.

        (t)     Parent. Any corporation (other than the Company) in an unbroken
                chain of corporations ending with the Company, if, at the time
                of the grant of an Option, each of the corporations (other than
                the Company or a Subsidiary) owns stock possessing 50% or more
                of the total combined voting power of all classes of stock in
                one of the other corporations in such chain.

        (u)     Participant. An Employee, Director, Consultant, Independent
                Contractor or other agent who is granted an Option under the
                Plan.

        (v)     Person. An individual, corporation, partnership, limited
                liability company, joint venture, association, syndicate, trust,
                unincorporated organization or other entity.

        (w)     Plan. The eResource Capital Group, Inc. 2000 Stock Compensation
                Plan and all amendments and supplements to it.

        (x)     Shares. A share of Common Stock reserved for issuance upon the
                exercise of options.

        (y)     Subsidiary. Any corporation (other than the Company), in an
                unbroken chain of corporations, beginning with the Company, if,
                at the time of grant of an Option, each of such corporation,
                other than the last such corporation in the unbroken chain, owns
                stock or other equity interests possessing 50% or more of the
                total combined voting power of all classes of stock in one of
                the other corporations in such chain.

2.2     Other Definitions. In addition to the above definitions, certain words
        and phrases used in the Plan and any Option Agreement may be defined in
        other portions of the Plan or in such Option Agreement.

2.3     Conflicts in Plan. In the case of any conflict in the terms of the Plan,
        or between the Plan and an Option Agreement, relating to an Option, the
        provisions in the article of the Plan which specifically grants such
        Option shall control those in a different article or in such Option
        Agreement.

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                                    ARTICLE 3
                                  COMMON STOCK

3.1     Numbers of Shares. The number of Shares for which Options may be granted
        under the Plan shall be Twenty Million (20,000,000). Such Shares may be
        authorized but unissued Shares, reacquired Shares or any combination
        thereof.

3.2     Reusage. If an Option expires or is terminated, surrendered or canceled
        without having been fully exercised, the unused Shares covered by any
        such Option shall again be available for grant under the Plan to any
        Participant.

3.3     Adjustments. If there is any change in the Common Stock by reason of any
        stock split, stock dividend, spin-off, split-up, spin-out or
        recapitalization, or any other similar transactions, the number of
        Shares under the Plan or subject to or granted pursuant to an Option and
        the price thereof, as applicable, shall be appropriately adjusted by the
        Committee.

3.4     Reorganization. If the Company is merged, consolidated or effects a
        share exchange with another corporation (whether or not the Company is
        the surviving corporation), or if substantially all of the assets or all
        of the shares of Common Stock are acquired by another corporation, or in
        the event of a separation, reorganization or liquidation of the Company,
        the Board or the board of directors of any corporation assuming the
        obligations of the Company hereunder, shall make appropriate provision
        for the protection of any outstanding Options by the substitution on an
        equitable basis of appropriate capital stock of the Company, or of the
        merged, consolidated or otherwise reorganized corporation which will be
        issuable in respect to the Shares, provided only that the excess of the
        aggregate Fair Market Value of the Shares subject to the Options
        immediately after such substitution over the exercise price thereof is
        not more than the excess of the aggregate Fair Market Value of the
        Shares subject to the Options immediately before such substitution over
        the exercise price thereof. Notwithstanding the preceding sentence, if
        the Company is merged, consolidated or effects a share exchange with
        another corporation or if substantially all of the assets or all of the
        shares of Common Stock of the Company are acquired by another
        corporation, or in the event of a separation, reorganization or
        liquidation of the Company, the Board or the board of directors of any
        corporation assuming the obligations of the Company hereunder may, upon
        written notice to the holder of any outstanding Option, provide that
        such Option must be exercised within sixty (60) days of the date of such
        notice or it will be terminated.

                                    ARTICLE 4
                                   ELIGIBILITY

4.1     Determined By Committee. The Participants and the Options they receive
        under the Plan shall be determined by the Committee in its sole
        discretion. In making its

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        determinations, the Committee shall consider past, present and expected
        future contributions of Participants and potential Participants to the
        Company.

                                    ARTICLE 5
                                 ADMINISTRATION

5.1     Committee. The Plan shall be administered by the Company's Compensation
        Committee. The Committee shall consist of two or more members of the
        Board.

5.2     Authority. Subject to the terms of the Plan, the Committee shall have
        sole discretionary authority to:

        (a)     determine the individuals to whom Options are granted, the type
                and amounts of Options to be granted and the date of issuance
                and duration of all such grants;

        (b)     determine the terms conditions and provisions of, and
                restrictions relating to, each Option granted;

        (c)     interpret and construe the Plan and all Option Agreements;

        (d)     prescribe, amend and rescind rules and regulations relating to
                the Plan;

        (e)     determine the content and form of all Option Agreements;

        (f)     determine all questions relating to Options under the Plan;

        (g)     maintain accounts, records and ledgers relating to Options;

        (h)     maintain records concerning the Committee's decisions and
                proceedings;

        (i)     employ agents, attorneys, accountants or other Persons for such
                purposes as the Committee considers necessary or desirable under
                the Plan; and

        (j)     do and perform all acts which it may deem necessary or
                appropriate for the administration of the Plan and to carry out
                the purposes of the Plan.

5.3     Delegation. The Committee may delegate all or any part of its authority
        under the Plan to any Employee or committee of Employees.

5.4     Decisions of Committee and its Delegates. All decisions made by the
        Committee, or (unless the Committee has specified an appeal process to
        the contrary) any other Person to whom the Committee has delegated
        authority, pursuant to the provisions hereof shall be final and binding
        on all Persons.

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5.5     Indemnification of the Board and the Committee. In addition to such
        other rights of indemnification as they may have as Directors, the
        Directors and members of the Committee shall be indemnified by the
        Company as and to the fullest extent permitted by law, including,
        without limitation, indemnification against the reasonable expenses,
        including attorneys' fees, actually and necessarily incurred in
        connection with the defense of any action, suit or proceeding, or in
        connection with any appeal thereof, to which they or any of them may be
        a party by reason of any action taken or failure to act under or in
        connection with this Plan, or any Options granted hereunder, and against
        all amounts paid by them in settlement thereof (provided such settlement
        is approved by independent legal counsel selected by the Company), or
        paid by them in satisfaction of a judgment in any such action, suit or
        proceeding except in relation to matters as to which it shall be
        adjudged in such action, suit or proceeding that such Director or
        Committee member is liable for gross negligence, bad faith or
        affirmative misconduct in his duties.

                                    ARTICLE 6
                                AMENDMENT OF PLAN

6.1     Power of Committee. The Committee shall have the sole right and power to
        amend the Plan at any time and from time to time, provided, however,
        that the Committee may not amend the Plan without approval of the
        stockholders of the Company if such stockholder approval is required
        under Section 422 of the Code or if directed by the Board.

                                    ARTICLE 7
                          TERM AND TERMINATION OF PLAN

7.1     Term. The Plan shall be effective as of the Effective Date. No Option
        shall be granted pursuant to the Plan on or after the tenth (10th)
        anniversary date of the adoption of the Plan by the Board, but Options
        granted prior to such tenth anniversary may extend beyond that date to
        the date(s) specified in the Option Agreement(s) covering such Options.

7.2     Termination. Subject to Article 8 hereof, the Plan may be terminated at
        any time by the Committee.

                                    ARTICLE 8
                     MODIFICATION OR TERMINATION OF OPTIONS

8.1     General. Subject to the provisions of Section 8.2, the amendment or
        termination of the Plan shall not adversely affect a Participant's
        rights to or under any Option granted prior to such amendment or
        termination.

8.2     Committee's Right. Except as may be provided in an Option Agreement, any
        Option granted may be converted, modified, forfeited or canceled,
        prospectively or retroactively in whole or in part, by the Committee in
        its sole discretion; provided, however, that, subject to Section 8.3, no
        such action may impair the rights of any Participant without

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        his or her consent. Except as may be provided in an Option Agreement,
        the Committee may, in its sole discretion, in whole or in part, waive
        any restrictions or conditions applicable to, or may accelerate the
        vesting of, any Option.

8.3     Termination of Options under Certain Conditions. The Committee, in its
        sole discretion, may cancel any unexpired or deferred Options at any
        time if the Participant is not in compliance with all applicable
        provisions of this Plan or with any Option Agreement or if the
        Participant, whether or not he or she is then an Employee, Director,
        Consultant, Independent Contractor or other agent, acts in a manner
        contrary to the best interests of the Company or any Affiliate.

                                    ARTICLE 9
                         OPTION AGREEMENTS; LIMITATIONS

9.1     Grant Evidenced by Option Agreement. The grant of any Option under the
        Plan shall be evidenced by an Option Agreement which shall describe the
        Option granted and the terms and conditions thereof. The granting of any
        Option shall be subject to, and conditioned upon, the recipient's
        execution of an Option Agreement with respect thereto. All capitalized
        terms used in both the Option Agreement and the Plan shall have the same
        meaning as in the Plan, and the Option Agreement shall be subject to all
        of the terms of the Plan.

9.2     Provisions of Option Agreement. Each Option Agreement shall contain such
        provisions as the Committee shall determine in its sole discretion to be
        necessary, desirable and appropriate for the Option granted, which may
        include, without limitation, the following: description of the type of
        Option; the Option's duration; its transferability; exercise price,
        exercise period and the Person or Persons who may exercise; the manner
        in which any withholding tax obligation of the Company or any Affiliate
        arising as the result of such exercise will be satisfied; the effect
        upon such Option of the Participant's death, disability, change of
        duties or termination of employment; the Option's conditions; subject to
        the provisions of Article 10, when, if, and how any Option may be
        forfeited, converted into another Option, modified, exchanged for
        another Option, or replaced; and the restrictions on any Shares
        purchased under the Plan.

9.3     Limitations on Right to Exercise ISO's. No ISO may be exercised after
        the expiration of three (3) months after the earlier of the date the
        employment of an Employee terminates with the Company or the date an
        Employee is given written notice of his or her discharge from such
        employment. The expiration period described in the preceding sentence
        shall be waived in the event such termination occurs because of death or
        because of disability within the meaning of Code Section 22(e)(3)
        ("Disability"); provided, however, that no ISO may be exercised after
        the expiration of one (1) year after the earlier of the date the
        employment of the Employee terminates with the Company or the date the
        Employee is given written notice of his or her discharge from such
        employment because of Disability. Absence or leave approved by the
        Company, to

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        the extent permitted by the applicable provisions of the Code, shall not
        be considered an interruption of employment for any purpose under this
        Plan.

9.4     Limitations on Transfer of ISO. No ISO shall be transferable otherwise
        than by will or the laws of descent and distribution and, during the
        lifetime of the Employee to whom such ISO was granted, no ISO may be
        exercised or other rights or benefits claimed under the Plan by any
        Person other than such Employee (other than the Employee's guardian or
        legal representative). After the death of such original grantee, the
        "holder" of the ISO shall be deemed to be the Person to whom the
        original grantee's rights shall pass under the original grantee's will
        or under the laws of descent and distribution. Notwithstanding the
        foregoing, no transfer of an ISO by will or the laws of descent or
        distribution will be binding on the Company unless the Board is
        furnished with sufficient proof establishing the validity of such
        transfer.

9.5     Additional Limitations on Issuance of Shares. The transfer or issuance
        of Shares upon the exercise of any Option granted under the Plan will be
        contingent upon the advice of counsel to the Company that the Shares to
        be issued pursuant thereto have been duly registered or are exempt from
        registration under the applicable securities laws.

                                   ARTICLE 10
                       SURRENDER AND REISSUANCE OF OPTIONS

10.1    Cancellation and Reissuance of Options. With the prior written consent
        of any affected grantee of Options hereunder, the Committee may grant to
        one or more such grantees, in exchange for their surrender and the
        cancellation of such Options, new Options which may have different
        exercise prices than the exercise prices provided in the Options so
        surrendered and canceled and containing such other terms and conditions
        consistent with the Plan as the Committee may deem appropriate.

                                   ARTICLE 11
                                TERMS OF OPTIONS

11.1    Types of Options. It is intended that both ISOs and NQSOs may be granted
        by the Committee under the Plan.

11.2    Option Price. The purchase price for Shares under any ISO shall be no
        less than the Fair Market Value of the Common Stock at the time the
        Option is granted (or, in the case of a ten-percent-or-greater
        stockholder under Section 422(b)(6) of the Code, 110 percent of Fair
        Market Value).

11.3    Other Requirements for ISOs. The terms of each Option which is intended
        to qualify as an ISO shall meet all requirements of Section 422 of the
        Code or any successor statute in effect from time to time, including,
        without limitation the requirement that the grantee be an Employee.

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11.4    NQSOs. The terms of each NQSO shall provide that such Option will not be
        treated as an ISO. The purchase price for Shares under any NQSO shall be
        established by the Committee, in its sole discretion, at the time of
        granting such NQSO.

11.5    Determination by Committee. Except as otherwise provided in Sections
        11.2 through Section 11.4, the terms of all Options shall be determined
        by the Committee.

                                   ARTICLE 12
                  PAYMENT, DIVIDENDS, DEFERRAL AND WITHHOLDING

12.1    Payment. Upon the exercise of an Option, the amount due the Company is
        to be paid:

        (a)     in cash;

        (b)     by the surrender of all or part of an Option (including the
                Option being exercised);

        (c)     by the tender to the Company of shares of Common Stock owned by
                the Participant and registered in his or her name having a Fair
                Market Value equal to the amount due to the Company;

        (d)     in other property, rights and credits, deemed acceptable by the
                Committee, including the Participant's promissory note; or

        (e)     by any combination of the payment methods specified in (a)
                through (d) above.

                Notwithstanding the foregoing, any method of payment other than
        in cash may be used only with the consent of the Committee or if and to
        the extent so provided in an Option Agreement. The proceeds of the sale
        of Shares purchased pursuant to an Option shall be added to the general
        funds of the Company or to the reacquired Shares held by the Company, as
        the case may be, and used for the corporate purposes of the Company as
        the Board shall determine.

12.2    Withholding. The Company may, at the time any Option is exercised,
        withhold from such exercise of an Option, any amount necessary to
        satisfy federal, state and local withholding requirements with respect
        to such exercise of such Option. Such withholding may be satisfied, at
        the Company's option, either by cash or the Company's withholding of
        Shares.

                                   ARTICLE 13
                            MISCELLANEOUS PROVISIONS

13.1    Unfunded Status of the Plan. The Plan is intended to constitute an
        "unfunded" plan for incentive and deferred compensation. With respect to
        any payments or deliveries of Shares not yet made to a Participant by
        the Company, nothing contained herein shall

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        give any rights that are greater than those of a general creditor of the
        Company. No provision of the Plan shall require or permit the Company,
        for the purpose of satisfying any obligations under the Plan, to
        purchase assets or place any assets in a trust or other entity to which
        contributions are made or otherwise to segregate any assets, nor shall
        the Company maintain separate bank accounts, books, records or other
        evidence of the existence of a segregated or separately maintained or
        administered fund for such purposes.

13.2    Underscored References. The underscored references contained in the Plan
        and in any Option Agreement are included only for convenience, and they
        shall not be construed as a part of the Plan or Option Agreement or in
        any respect affecting or modifying its provisions.

13.3    Number and Gender. The masculine, feminine and neuter, wherever used in
        the Plan or in any Option Agreement, shall refer to either the
        masculine, feminine or neuter; and, unless the context otherwise
        requires, the singular shall include the plural and the plural the
        singular.

13.4    Governing Law. The place of administration of the Plan and each Option
        Agreement shall be in the State of Georgia, and this Plan and each
        Option Agreement shall be construed and administered in accordance with
        the laws of the State of Delaware, without giving effect to principles
        relating to conflicts of laws, including, without limitation, issues
        related to the validity and issuance of the Shares.

13.5    Purchase for Investment. The Committee may require each Person
        purchasing the Shares pursuant to an Option to represent to and agree
        with the Company in writing that such Person is acquiring the Shares for
        investment and without a view to distribution or resale. The
        certificates for such Shares may include any legend which the Committee
        deems appropriate to reflect the restrictions on transfer set forth in
        this Plan. All certificates for the Shares delivered under the Plan
        shall be subject to such stock-transfer orders and other restrictions as
        the Committee may deem advisable under all applicable laws, rules and
        regulations, and the Committee may cause a legend or legends to be put
        on any such certificates to make appropriate references to such
        restrictions.

13.6    No Employment or Service Contract. Neither the adoption of the Plan nor
        any Option granted hereunder shall confer upon any Employee, Director,
        Consultant, Independent Contractor or other agent any right to continued
        employment with or services to the Company or any Affiliate, nor shall
        the Plan or any Option interfere in any way with the right of the
        Company or any Affiliate to terminate the employment or services of any
        of its Employees, Directors, Consultants, Independent Contractors or
        other agents at any time.

13.7    No Effect on Other Benefits. The receipt of Options under the Plan shall
        have no effect on any benefits to which a Participant may be entitled
        from the Company or any

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        Affiliate under another plan or otherwise, or preclude a Participant
        from receiving any such benefits.

13.8    Registration of Shares. The Committee, in its discretion, may postpone
        the issuance and/or delivery of the Shares issuable upon any exercise of
        an Option until completion of any registration, or other qualification
        or exemption of such Shares under applicable state and/or federal laws,
        rules or regulations as the Committee considers appropriate, and may
        require any grantee to make such representations and furnish such
        information as it may consider appropriate in connection with the
        issuance or delivery of the Shares in compliance with applicable laws,
        rules and regulations.

13.9    Rights as a Stockholder. Any recipient of an Option shall have no rights
        as a stockholder with respect to any Shares related thereto until the
        issuance of a stock certificate for such Shares following the exercise
        of such Option. Except as otherwise provided for in Sections 3.3 and 3.4
        hereof, no adjustment shall be made for dividends (ordinary or
        extraordinary, whether in cash, securities, or other property) or
        distributions or other rights for which the record date is prior to the
        date such stock certificate is issued.

13.10   Plan Financing. The Company may extend and maintain, or arrange for the
        extension and maintenance of, financing to any grantee (including a
        grantee who is a Director) to purchase Shares pursuant to exercise of an
        Option granted hereunder on such terms as may be approved by the
        Committee in its sole discretion. In considering the terms for extension
        or maintenance of credit by the Company, the Committee shall, among
        other factors, consider the cost to the Company of any financing
        extended by the Company.

13.11   ERISA. The Plan is not an employee benefit plan which is subject to the
        provisions of the Employee Retirement Income Security Act of 1974, and
        the provisions of Code Section 401(a) are not applicable to the Plan.

                                       19<PAGE>   1
                                  EXHIBIT 10.43

                            AMENDMENT AGREEMENT NO. 2

                          dated as of December 29, 2000

                                 to that certain

                  SECOND AMENDED AND RESTATED CREDIT AGREEMENT

        This AMENDMENT AGREEMENT NO. 2 (this "Amendment"), dated as of December
29, 2000, is by and among (a) TransTechnology Corporation ("TransTechnology"),
TransTechnology Seeger-Orbis GmbH ("GmbH") and TransTechnology (GB) Limited
("Limited", together with TransTechnology and GmbH, the "Borrowers"), (b) Fleet
National Bank ("FNB") and the other lending institutions listed on Schedule 1 to
the Credit Agreement (collectively, the "Lenders"), (c) FNB, acting through its
London Branch, as Sterling Fronting Bank (the "Sterling Fronting Bank"), (d)
BHF-BANK Aktiengesellschaft, as DM Fronting Bank (the "DM Fronting Bank";
together with the Sterling Fronting Bank, the "Fronting Banks"), (e) FNB, as
issuing bank for Letters of Credit (in such capacity, the "Issuing Bank"), (f)
ABN AMRO Bank N.V., as Syndication Agent, (g) Bank One, NA, as Documentation
Agent, and (h) FNB as Administrative Agent for the Lenders, the Fronting Banks
and the Issuing Bank (in such capacity, the "Administrative Agent"). Capitalized
terms used herein unless otherwise defined shall have the respective meanings
set forth in that certain Second Amended and Restated Credit Agreement dated as
of June 30, 1995, and amended and restated as of July 24, 1998, as further
amended and restated as of August 31, 1999 and as amended by that certain
Consent and Amendment Agreement No. 1 dated as of August 21, 2000 (as so amended
and restated, the "Credit Agreement"), to which the Borrowers, the Lenders and
the Administrative Agent are parties.

        WHEREAS, the Borrowers have indicated to the Administrative Agent and
the Lenders that, based upon the Borrowers' projected financial results for the
quarter ending December 31, 2000, certain Defaults or Events of Default may
arise from and after December 31, 2000;

        WHEREAS, the Borrowers have requested that the Lenders and the
Administrative Agent forbear from enforcing their rights with respect to such
potential Defaults and Events of Default; and

        WHEREAS, the Lenders and the Administrative Agent are willing to forbear
from enforcing their rights with respect to such potential Defaults and Events
of Default, but only on the terms and subject to the conditions set forth
herein;

        NOW, THEREFORE, in consideration of the foregoing premises, the parties
hereto hereby agree as follows:
<PAGE>   2
                                      -2-

        SECTION 1. AMENDMENTS TO CREDIT AGREEMENT. The Credit Agreement is
hereby amended with effect from the Effective Date (as defined in Section 9
below) by deleting Section 9.4(b) of the Credit Agreement in its entirety and
substituting in lieu thereof the following new Section 9.4(b):

               "(b) as soon as practicable, but in any event not later than (i)
        twenty-five (25) days after the end of each calendar month, and (ii)
        forty-five (45) days after the end of each of the fiscal quarters of
        TransTechnology, copies of the unaudited consolidated balance sheet of
        TransTechnology and its Subsidiaries and the unaudited consolidating
        balance sheet of TransTechnology and its Subsidiaries, each as at the
        end of such month or quarter, as applicable, and the related
        consolidated and consolidating statements of income and consolidated
        statement of cash flow for the portion of TransTechnology's fiscal year
        then elapsed, all in reasonable detail and prepared in accordance with
        generally accepted accounting principles, together with a certification
        by the principal financial or accounting officer of TransTechnology that
        the information contained in such financial statements fairly presents
        the financial position of TransTechnology and its Subsidiaries on the
        date thereof (subject to year-end adjustments);"

        SECTION 2. RATIFICATION OF EXISTING AGREEMENTS. The Borrowers and the
Guarantors agree that the Obligations of the Borrowers and the Guarantors to the
Administrative Agent and the Lenders as evidenced by or otherwise arising under
the Credit Agreement, the Notes and the other Loan Documents, except as
otherwise expressly modified in this Amendment upon the terms set forth herein,
are, by the Borrowers' and Guarantors' execution of this Amendment, ratified and
confirmed in all respects. In addition, by the execution of this Amendment, the
Borrowers and Guarantors represent and warrant that no counterclaim, right of
set-off or defense of any kind exists or is outstanding with respect to such
Obligations.

        SECTION 3. FORBEARANCE AGREEMENT. Subject to the terms and conditions
set forth herein, the Administrative Agent and each of the Lenders agrees to
forbear from (a) exercising their rights and remedies under the Credit Agreement
and the other Loan Documents to collect the indebtedness of the Borrowers to the
Administrative Agent and the Lenders under the Credit Agreement and the other
Loan Documents and (b) ceasing to make Revolving Credit Loans or International
Facility Loans or to issue, extend or renew Letters of Credit until that date
(the "Forbearance Termination Date") which is the earliest to occur of (i) the
failure after the date hereof of the Borrowers and their Subsidiaries to comply
with any of the terms or conditions set forth in the Credit Agreement and/or the
other Loan Documents (as modified by this Amendment), other than the failure to
comply with the provisions of Sections 11.1 - 11.4 of the Credit Agreement for
<PAGE>   3
                                      -3-

the period commencing on January 1, 2001 and ending on January 31, 2001, (ii)
the occurrence after the date hereof of any Default or Event of Default, other
than a Default or Event of Default resulting from the failure to comply with the
provisions of Sections 11.1 - 11.4 of the Credit Agreement for the period
commencing on January 1, 2001 and ending on January 31, 2001, (iii) the failure
of the Borrowers or their Subsidiaries to comply with any term set forth in this
Amendment, (iv) the date on which the Administrative Agent determines that a
material adverse change in the business, assets, financial condition or
prospects of the Borrowers and their Subsidiaries, taken as a whole, has
occurred, (v) the date that the Borrowers, any of their Subsidiaries or any
Affiliate of the Borrowers shall commence any litigation proceeding against the
Administrative Agent or any Lender or any Affiliate of the Administrative Agent
or any Lender in connection with or related to any of the transactions
contemplated by the Credit Agreement, the other Loan Documents, this Amendment
or any documents, agreements or instruments executed in connection with any of
the foregoing, (vi) the date that any holder of Subordinated Debt takes any
action in enforcement of its rights under such Subordinated Debt, or any "Event
of Default" under and as defined in any instrument evidencing any such
Subordinated Debt shall have occurred, the effect of which would, but for the
provisions of the Intercreditor and Subordination Agreement dated as of August
29, 2000, with respect thereto, be to permit the holder of such Subordinated
Debt to accelerate such Indebtedness, or (vii) January 31, 2001. On and after
the Forbearance Termination Date, the Administrative Agent and each of the
Lenders shall be free in its sole and absolute discretion to proceed to enforce
any or all of its rights under or in respect of the Credit Agreement, the other
Loan Documents and applicable law, including, without limitation, (x) the right
to require the immediate repayment of the Loans and the other Obligations in
full, (y) the right to require deposit of cash collateral or the delivery of a
letter of credit reasonably satisfactory to the Administrative Agent in an
amount equal to the then Maximum Drawing Amount of all Letters of Credit in
accordance with Section 5.2(c) of the Credit Agreement, and (z) the right to
cease making Revolving Credit Loans or International Facility Loans, or issuing,
extending or renewing Letters of Credit.

        SECTION 4. COVENANTS. Without any prejudice or impairment whatsoever to
any of the rights and remedies of the Administrative Agent or any Lender
contained in the Credit Agreement or in any other Loan Documents, the Borrowers
covenant and agree with the Administrative Agent and each of the Lenders as
follows:

               (a) Revolver Sublimit. Notwithstanding anything to the contrary
stated in Section 2 of the Credit Agreement, at no time during the period
beginning on the date hereof and ending on the Forbearance Termination Date
shall the Administrative Agent or any of the Lenders be obligated to make or
fund any Revolving Credit Loans if, after the making of such Revolving Credit
Loan, the sum of (i) the outstanding amount of the Revolving Credit Loans (after
giving effect to all amounts requested), (ii) the Maximum Drawing Amount, (iii)
all Unpaid Reimbursement Obligations, and (iv) the International Facility Amount
(such aggregate amount, the "Revolving Facility Usage"), would exceed during any
period set forth in the table below the amount set forth opposite such period in
such table (such amount, the then applicable "Revolver Sublimit"):

<PAGE>   4
                                      -4-

<TABLE>
<CAPTION>
                      Period                              Revolver Sublimit
                      ------                              -----------------

<S>                                                      <C>
        December 29, 2000 - January 18, 2001                $168,000,000
        January 19, 2001 - January 30, 2001                 $166,000,000
        January 31, 2001 and thereafter                     $162,000,000
</TABLE>

If the Revolving Facility Usage at any time exceeds the Revolver Sublimit in
effect at such time, TransTechnology shall immediately prepay an amount equal to
such excess to the Administrative Agent for the account of the Lenders and the
Administrative Agent, for application to the outstanding principal amount of the
Revolving Credit Loans. Notwithstanding the foregoing, the Revolving Credit
Commitments of the Lenders shall not be reduced or deemed to be reduced hereby
and the Commitment Fees payable pursuant to Sections 2.2, 3.13 and 3.14 of the
Credit Agreement shall continue to be payable with respect to the aggregate
Revolving Credit Commitments, the Maximum DM Amount and the Maximum Sterling
Amount, respectively.

               (b)     Letters of Credit. Notwithstanding anything to the
contrary stated in Section 5 of the Credit Agreement, at no time during the
period beginning on the date hereof and ending on the Forbearance Termination
Date shall the Issuing Bank be required to issue, extend or renew any Letter of
Credit if, as a result thereof, the Revolving Facility Usage, after giving
effect to such issuance, extension or renewal, would exceed the Revolver
Sublimit in effect at such time.

               (c)     Applicable Margin. Notwithstanding anything to the
contrary stated in the definition of "Applicable Margin" in the Credit Agreement
or in Section 6.11 of the Credit Agreement, between January 1, 2001 and the
Forbearance Termination Date the Applicable Margin in effect with respect to
Base Rate Loans shall be 2.50%, and the Applicable Margin in effect with respect
to Eurocurrency Rate Loans shall be 4.00%; provided that, for the avoidance of
doubt, in the event that any Default or Event of Default occurring or arising
prior to the Forbearance Termination Date is continuing on the Forbearance
Termination Date, the provisions of Section 6.11 of the Credit Agreement shall
apply at such time to the determination of the applicable rate of interest on
the Loans outstanding at such time.

               (d)     Eurocurrency Rate Loans. Notwithstanding anything to the
contrary stated in the definition of "Interest Period" in the Credit Agreement
or in Section 2.7, Section 3.5 or Section 4.5 of the Credit Agreement, between
the Effective Date and the Forbearance Termination Date TransTechnology may
elect to convert any part of the Loans to or maintain any part of the Loans as
Eurocurrency Rate Loans in accordance with the applicable provisions of the
Credit Agreement as in effect as of the Effective Date, so long as the Interest
Periods with respect to any Eurocurrency Rate Loans borrowed, converted or
renewed after the Effective Date do not extend beyond January 31, 2001.

               (e)     Distributions. Notwithstanding anything to the contrary
stated in Section 10.4 of the Credit Agreement, TransTechnology shall not from
the

<PAGE>   5
                                      -5-

date hereof until the Forbearance Termination Date declare or pay any dividends
on or in respect of, or make any other Distributions on or in respect of, any
shares of the capital stock of TransTechnology.

               (f)     Retention of Consultant; Financial Information. Prior to
the close of business on January 5, 2001, TransTechnology shall engage a
consultant to work on behalf of TransTechnology and its Subsidiaries on the
implementation of their strategic plans (the "Consultant"). The identity of the
Consultant shall be reasonably acceptable to the Administrative Agent.
TransTechnology shall provide to the Administrative Agent and the Lenders, with
the assistance of the Consultant, financial information regarding
TransTechnology and its Subsidiaries required to permit the Lenders' evaluation
of, among other things, the financial covenant levels applicable to the
Borrowers and their Subsidiaries, and which will include, but not be limited to,
the following:

               (i)     as soon as practicable after the Consultant's engagement,
                       and in any event by January 16, 2001, projections of
                       weekly cash flow (including receipts, collections and
                       disbursements), between the date of the Consultant's
                       engagement and March 31, 2001, and no later than the end
                       of each week thereafter, such projections for each period
                       of thirteen weeks commencing with the following week; and

               (ii)    as soon as practicable after the Consultant's engagement,
                       full projections (including statements of income and cash
                       flows and balance sheets) for each quarter between the
                       Effective Date and March 31, 2003, and for each month
                       between the Effective Date and September 30, 2001.

               (g)     Expenses. The Borrowers shall pay or reimburse on demand
the Administrative Agent and each of the Lenders for all reasonable costs and
expenses the Administrative Agent or such Lender incurs in connection with the
negotiation, execution and delivery of the agreements and transactions
contemplated by this Amendment or which otherwise are required to be paid under
the Loan Documents.

               (h)     Compliance with Loan Documents. The Borrowers and their
Subsidiaries shall comply with all of the terms, covenants and provisions
contained in the Credit Agreement and the other Loan Documents except as such
terms, covenants and provisions are expressly modified by this Amendment upon
the terms set forth herein.

               (i)     Further Assurances. The Borrowers and their Subsidiaries
shall at any time or from time to time execute and deliver such further
instruments and take such further action as the Administrative Agent may
reasonably request to effect the purposes of this Amendment, the Credit
Agreement and the other Loan Documents.
<PAGE>   6
                                      -6-

               (j)     Event of Default; Extension of Forbearance. Any failure
by any of the Borrowers or their Subsidiaries to comply with any provision of
this Section 4 applicable to such Borrower or Subsidiary, or any material breach
by any of the Borrowers of any of their representations and warranties set forth
in Section 6 below, shall constitute an Event of Default; provided that,
notwithstanding anything to the contrary stated in Section 27 of the Credit
Agreement, (i) any waiver of, or agreement to forbear from the exercise of
remedies with respect to or from ceasing to make Loans and Letters of Credit
available as a result of, any Event of Default arising as a result of any breach
of Section 4(a) or Section 4(b) above, (ii) any extension of the Lenders' and
the Administrative Agent's forbearance agreements set forth in Section 3 above
to end on any date following January 31, 2001, and (iii) any amendment to the
provisions of this Section 4(j) or of Section 4(a) or Section 4(b) above shall
in any case require the written consent of Lenders holding at least sixty-six
and two-thirds percent (66 2/3%) of the principal amount of the Revolving Credit
Notes and the Term Notes, taken together, outstanding as of the effective date
of any such waiver, agreement, extension or amendment.

        SECTION 5.     CONDITIONS TO EFFECTIVENESS.  The effectiveness of this
Amendment shall be conditioned upon the satisfaction of the following conditions
precedent:

        SECTION 5.1.   DELIVERY OF DOCUMENTS.

                       (a)     This Amendment shall have been executed and
delivered to the Administrative Agent by each of the Borrowers, each of the
Guarantors, and the Majority Lenders.

                       (b)     The Company and the holders of a majority of the
principal amount of the "Outstanding Notes", as such term is defined in the
Securities Purchase Agreement of the Company dated as of August 29, 2000 (such
holders, the "Requisite Noteholders"), shall have executed and delivered to the
Administrative Agent an agreement pursuant to which the Requisite Noteholders
shall agree, among other things, to forbear until the earlier of (i) February
15, 2001, and (ii) the date 15 days following the Forbearance Termination Date,
from the exercise of any rights or remedies available to them as a result of any
"Event of Default" arising under (and as defined in) such Securities Purchase
Agreement and the Notes issued thereunder.

        SECTION 5.2.   LEGALITY OF TRANSACTION. No change in applicable law
shall have occurred as a consequence of which it shall have become and continue
to be unlawful on the date this Amendment is to become effective (a) for the
Administrative Agent or any Lender to perform any of its obligations under any
of the Loan Documents or (b) for any of the Borrowers to perform any of its
agreements or obligations under any of the Loan Documents.

        SECTION 5.3.   PERFORMANCE. Each of the Borrowers shall have duly and
properly performed, complied with and observed in all material respects its
covenants, agreements and obligations contained in the Loan Documents
<PAGE>   7
                                      -7-

required to be performed, complied with or observed by it on or prior to the
date this Amendment is to become effective. No event shall have occurred on or
prior to the Effective Date and be continuing, and no condition shall exist on
the Effective Date which constitutes a Default or Event of Default.

        SECTION 5.4.   PROCEEDINGS AND DOCUMENTS. All corporate, governmental
and other proceedings in connection with the transactions contemplated by this
Amendment and all instruments and documents incidental thereto shall be in form
and substance reasonably satisfactory to the Administrative Agent and the
Administrative Agent shall have received all such counterpart originals or
certified or other copies of all such instruments and documents as the
Administrative Agent shall have reasonably requested.

        SECTION 6.     REPRESENTATIONS AND WARRANTIES.  Each of the Borrowers
hereby represents and warrants to the Lenders as follows:

        (a)    The representations and warranties of such Borrower and of each
Guarantor contained in the Credit Agreement and the other Loan Documents to
which such Borrower or Guarantor, as the case may be, is a party were true and
correct in all material respects when made and continue to be true and correct
in all material respects on the date hereof, except that the financial
statements referred to in the representations and warranties contained in the
Credit Agreement shall be the financial statements of TransTechnology and its
Subsidiaries most recently delivered to the Administrative Agent, and except as
such representations and warranties are affected by the transactions
contemplated hereby;

        (b)    The execution, delivery and performance by such Borrower of this
Amendment and the consummation of the transactions contemplated hereby: (i) are
within the corporate powers of such Borrower and have been duly authorized by
all necessary corporate action on the part of such Borrower, (ii) do not require
any approval or consent of, or filing with, any governmental agency or
authority, or any other person, association or entity, which bears on the
validity or enforceability of this Amendment and which is required by law or any
regulation or rule of any agency or authority, or other person, association or
entity, (iii) do not violate any provisions of any order, writ, judgment,
injunction, decree, determination or award presently in effect in which such
Borrower is named, any law, regulation or rule binding on or applicable to such
Borrower or any provision of the charter documents or by-laws of such Borrower,
(iv) do not result in any breach of or constitute a default under any agreement
or instrument to which such Borrower is a party or to which it or any of its
properties are bound, including without limitation any indenture, credit or loan
agreement, lease, debt instrument or mortgage, except for such breaches and
defaults which would not have a material adverse effect on such Borrower and its
Subsidiaries taken as a whole, and (v) do not result in or require the creation
or imposition of any mortgage, deed of trust, pledge or encumbrance of any
nature upon any of the assets or properties of such Borrower; and
<PAGE>   8
                                      -8-

        (c)    This Amendment and the Credit Agreement as amended hereby
constitute the legal, valid and binding obligations of such Borrower,
enforceable against such Borrower in accordance with their respective terms,
provided that (i) enforcement may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws of general application
affecting the rights and remedies of creditors, and (ii) enforcement may be
subject to general principles of equity, and the availability of the remedies of
specific performance and injunctive relief may be subject to the discretion of
the court before which any proceeding for such remedies may be brought.

        SECTION 7.     NO OTHER AMENDMENTS. Except as expressly provided in this
Amendment, all of the terms and conditions of the Credit Agreement and the other
Loan Documents shall remain in full force and effect.

        SECTION 8.     EXECUTION IN COUNTERPARTS. This Amendment may be executed
in any number of counterparts and by each party on a separate counterpart, each
of which when so executed and delivered shall be an original, but all of which
together shall constitute one instrument. In proving this Amendment, it shall
not be necessary to produce or account for more than one such counterpart signed
by the party against whom enforcement is sought.

        SECTION 9.     EFFECTIVE DATE. Subject to the satisfaction of the
conditions precedent set forth in Section 5 hereof, this Amendment shall be
deemed to be effective as of December 29, 2000 (the "Effective Date").

<PAGE>   9

        IN WITNESS WHEREOF, the undersigned have duly executed this Amendment
Agreement No. 2 as a sealed instrument as of the date first set forth above.

                               TRANSTECHNOLOGY CORPORATION

                               By:   /s/Joseph F. Spanier
                                   -----------------------------------------
                                   Name:  Joseph F. Spanier
                                   Title: Vice President, Chief Financial
                                           Officer & Treasurer

                               TRANSTECHNOLOGY SEEGER-ORBIS GMBH

                               By:   /s/Michael J. Berthelot
                                   -----------------------------------------
                                   Name:  Michael J. Berthelot
                                   Title: Geschaftsfuhrer

                               TRANSTECHNOLOGY (GB) LIMITED

                               By:   /s/Michael J. Berthelot
                                   -----------------------------------------
                                   Name:  Michael J. Berthelot
                                   Title: Director

                               By:      /s/Gerald C. Harvey
                                   -----------------------------------------
                                   Name:  Gerald C. Harvey
                                   Title: Director

                                       S-1

<PAGE>   10

                               FLEET NATIONAL BANK,
                               individually, as Administrative Agent and
                               as Sterling Fronting Bank

                               By:   /s/Michael J. McDermott
                                   -----------------------------------------
                                   Name:  Michael J. McDermott
                                   Title: Managing Director

                               BHF-BANK AKTIENGESELLSCHAFT,
                               as DM Fronting Bank

                               By:
                                   ---------------------------------------------
                                   Name:
                                   Title:

                               By:
                                   ---------------------------------------------
                                   Name:
                                   Title:

                               ABN AMRO BANK N.V., individually
                               and as Syndication Agent

                               By:
                                   ---------------------------------------------
                               Name:
                               Title:

                               By:
                                   ---------------------------------------------
                               Name:
                               Title:

                               BANK ONE, NA, individually and as
                               Documentation Agent

                               By:   /s/Jeffrey Lubatkin
                                   ---------------------------------------------
                               Name:  Jeffrey Lubatkin
                               Title: Vice President

                                       S-2

<PAGE>   11

                               THE BANK OF NEW YORK

                               By:   /s/Jeffrey S. Witte
                                   ---------------------------------------------
                               Name:  Jeffrey S. Witte
                               Title: Vice President

                               KEY CORPORATE CAPITAL INC.

                               By:   /s/Alex Strazzella
                                   ---------------------------------------------
                               Name:  Alex Strazzella
                               Title: Vice President

                               BANK OF NOVA SCOTIA

                               By:   /s/Brian S. Allen
                                   ---------------------------------------------
                               Name:  Brian S. Allen
                               Title: Managing Director

                               COMERICA BANK

                               By:   /s/Jeffrey Peck
                                   ---------------------------------------------
                               Name:  Jeffrey Peck
                               Title: Vice President

                               DRESDNER BANK, AG, NEW YORK
                               AND GRAND CAYMAN BRANCHES

                               By:
                                   ---------------------------------------------
                               Name:
                               Title:

                               By:
                                   ---------------------------------------------
                               Name:
                               Title:

                               S-3

<PAGE>   12

                               SUMMIT BANK

                               By:   /s/Kevin M. Behan
                                   ---------------------------------------------
                               Name:  Kevin M. Behan
                               Title: Vice President

                                       S-4

<PAGE>   13

The Guarantors under (and as defined in) the Subsidiary Guaranty hereby
acknowledge that they have read and are aware of the provisions of this
Amendment and hereby reaffirm their absolute and unconditional guaranty of the
Borrowers' payment and performance of their obligations to the Lenders and the
Administrative Agent under the Credit Agreement as amended hereby.

                                          TRANSTECHNOLOGY ACQUISITION
                                          CORPORATION

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          PALNUT FASTENERS, INC.

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          INDUSTRIAL RETAINING RING COMPANY

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          RETAINERS, INC.

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                       S-5

<PAGE>   14

                                          RANCHO TRANSTECHNOLOGY
                                          CORPORATION

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          TRANSTECHNOLOGY SYSTEMS &
                                          SERVICES, INC.

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          ELECTRONIC CONNECTIONS AND
                                          ASSEMBLIES, INC.

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          SSP INDUSTRIES

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          SSP INTERNATIONAL SALES, INC.

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                       S-6

<PAGE>   15

                                          TRANSTECHNOLOGY SEEGER INC.

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          SEEGER INC.

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          TCR CORPORATION

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          AEROSPACE RIVET
                                          MANUFACTURERS CORPORATION

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          NORCO, INC.

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                       S-7

<PAGE>   16

                                          ELLISON RING & WASHER INC.

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          TRANSTECHNOLOGY ENGINEERED
                                          COMPONENTS, LLC

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                          TRANSTECHNOLOGY CANADA CORPORATION

                                          By:    /s/Gerald C. Harvey
                                              ----------------------------------
                                              Name:  Gerald C. Harvey
                                              Title: Vice President & Secretary

                                       S-8

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