Document:

<PAGE>

                                  EXHIBIT 10.49

                    AMENDMENT NO. 5 TO FORBEARANCE AGREEMENT

      This AMENDMENT NO. 5 TO FORBEARANCE AGREEMENT, dated as of March 27, 2002
(this "Agreement"), 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 (as hereinafter
defined) (collectively, the "Lenders"), (c) FNB, acting through its London
Branch, as Sterling Fronting Bank (the "Sterling Fronting Bank"), (d) FNB, as
issuing bank for Letters of Credit (in such capacity, the "Issuing Bank"), and
(e) FNB as Administrative Agent for the Lenders, the Sterling Fronting Bank and
the Issuing Bank (in such capacity, the "Administrative Agent").

      WHEREAS, the Borrowers, the Lenders, the Sterling Fronting Bank, the
Issuing Bank, ABN AMRO Bank N.V., as Syndication Agent, Bank One, NA, as
Documentation Agent, and the Administrative Agent are parties to 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, as amended by that certain Consent and Amendment Agreement No.
1 dated as of August 21, 2000, as further amended by that certain Amendment
Agreement No. 2 dated as of December 29, 2000, as further amended by that
certain Amendment Agreement No. 3 dated as of January 31, 2001, as further
amended by that certain Consent, Amendment Agreement No. 4 to Credit Agreement
and Amendment No. 3 to Forbearance Agreement dated as of December 4, 2001 (the
"December 2001 Amendment"), and as further amended by that certain Consent,
Amendment Agreement No. 5 to Credit Agreement and Amendment No. 4 to Forbearance
Agreement dated as of January 31, 2002 (the "January 2002 Amendment") (as so
amended and restated, the "Credit Agreement"). Capitalized terms used herein
unless otherwise defined shall have the respective meanings set forth in the
Credit Agreement;

      WHEREAS, pursuant to that certain Forbearance and Waiver Agreement dated
as of March 29, 2001, as amended by that certain Consent and Amendment to
Forbearance Agreement dated as of June 25, 2001, as further amended by that
certain Consent and Amendment No. 2 to Forbearance Agreement dated as of
September 27, 2001, as further amended by the December 2001 Amendment, and as
further amended by the January 2002 Amendment (as so amended, the "Forbearance
Agreement"), by and among the Borrowers, the Lenders, the Sterling Fronting
Bank, and the Administrative Agent, the Lenders and the Administrative Agent
agreed 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;

      WHEREAS; pursuant to the terms of the Forbearance Agreement the
forbearance period will end on March 27, 2002;
<PAGE>
      WHEREAS, the Borrowers have requested that the Lenders and the
Administrative Agent extend such forbearance period;

      WHEREAS, the Lenders and the Administrative Agent are willing to extend
the forbearance period, 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:

      SECTION 1. EXTENSION OF FORBEARANCE PERIOD. Section 1 of the Forbearance
Agreement is amended by deleting the date "March 27, 2002" in the two (2) places
where such date is contained therein and substituting the date "April 3, 2002".

      SECTION 2. CONDITIONS TO EFFECTIVENESS. The effectiveness of the amendment
to the Forbearance Agreement contained in Section 1 of this Agreement shall be
conditioned upon the satisfaction of the following conditions precedent:

      SECTION 2.1. DELIVERY OF DOCUMENTS. This Agreement shall have been
executed and delivered to the Administrative Agent by each of the Borrowers,
each of the Guarantors, and the requisite number of the Lenders.

      SECTION 2.2. 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 Agreement 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 2.3. 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 required
to be performed, complied with or observed by it on or prior to the date this
Agreement is to become effective. Except for the Specified Defaults (as defined
in the Forbearance Agreement), 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 2.4. PROCEEDINGS AND DOCUMENTS. All corporate, governmental and
other proceedings in connection with the transactions contemplated by this
Agreement 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 2.5. EXTENSION OF SUBDEBT FORBEARANCE. The holders of the Senior
Subordinated Loans shall have agreed, on terms and conditions satisfactory to
<PAGE>
                                      -3-

the Administrative Agent and the Lenders, to extend the term of the current
forbearance under the Senior Subordinated Loan Agreement through April 5, 2002.

      SECTION 2.6. PAYMENT OF LEGAL EXPENSES. The Administrative Agent shall
have received the payment in cash of all outstanding legal fees incurred by the
Administrative Agent.

      SECTION 3. REPRESENTATIONS AND WARRANTIES. Each of the Borrowers hereby
represents and warrants to the Lenders as follows:

      (a) Except as set forth on Schedule 6(a) to the Forbearance Agreement, the
representations and warranties of such Borrower and of each Guarantor contained
in the Credit Agreement, the Forbearance 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 and projections referred to in the representations and warranties
contained in the Credit Agreement shall be the financial statements and
projections 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
Agreement 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 Agreement 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;

      (c) This Agreement, the Credit Agreement and the Forbearance 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
<PAGE>
                                      -4-

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; and

      (d) As of the date hereof, no "Event of Default" under and as defined in
any instrument evidencing any Subordinated Debt has occurred.

      SECTION 4. PAYMENT OF INTEREST UNDER SUBORDINATED LOAN AGREEMENT. The
Borrowers hereby agree that they will not make any payments to the holders of
the Senior Subordinated Loans prior to April 5, 2002 and any payments made on or
after such date will be made in accordance with the provisions of the
Intercreditor and Subordination Agreement dated as of August 29, 2000 related
thereto.

      SECTION 5. REAFFIRMATION. Except as modified hereby, the Borrowers hereby
reaffirm in all respects all the covenants, agreements, terms and conditions of
the Credit Agreement, the Forbearance Agreement and the other Loan Documents
which are incorporated in full herein by reference, and all terms, conditions
and provisions thereof shall remain in full force and effect.

      SECTION 6. EXECUTION IN COUNTERPARTS. This Agreement 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 Agreement, 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 7. RELEASE. In order to induce the Administrative Agent and the
Lenders to enter into this Agreement, each Borrower acknowledges and agrees
that: (i) no Borrower has any claim or cause of action against the
Administrative Agent or any Lender (or any of its respective directors,
officers, employees or agents); (ii) no Borrower has any offset right,
counterclaim or defense of any kind against any of their respective obligations,
indebtedness or liabilities to the Administrative Agent or any Lender; and (iii)
each of the Administrative Agent and the Lenders has heretofore properly
performed and satisfied in a timely manner all of its obligations to each
Borrower. The Borrowers wish to eliminate any possibility that any past
conditions, acts, omissions, events, circumstances or matters would impair or
otherwise adversely affect any of the Administrative Agent's and the Lenders'
rights, interests, contracts, collateral security or remedies. Therefore, each
Borrower unconditionally releases, waives and forever discharges (A) any and all
liabilities, obligations, duties, promises or indebtedness of any kind of the
Administrative Agent or any Lender to any Borrower, except the obligations to be
performed by the Administrative Agent or any Lender on or after the date hereof
as expressly stated in this Agreement, the Credit Agreement, the Forbearance
Agreement (as amended hereby) and the other Loan Documents, and (B) all claims,
offsets, causes of action, suits or defenses of any kind whatsoever (if any),
whether arising at law or in equity,
<PAGE>
                                      -5-

whether known or unknown, which any Borrower might otherwise have against the
Administrative Agent, any Lender or any of its directors, officers, employees or
agents, in either case (A) or (B), on account of any condition, act, omission,
event, contract, liability, obligation, indebtedness, claim, cause of action,
defense, circumstance or matter of any kind existing as of the date hereof, or
occurring prior to the date hereof.

      SECTION 8. EFFECTIVE DATE. This Agreement shall be deemed to be effective
as of the date set forth above upon the satisfaction of the conditions precedent
set forth in Section 2 hereof (the "Effective Date").

                  [Remainder of Page Intentionally Left Blank]
<PAGE>
      IN WITNESS WHEREOF, the undersigned have duly executed this Amendment No.
5 to Forbearance Agreement 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 and Treasurer

                                   TRANSTECHNOLOGY SEEGER-ORBIS GmbH

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

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

                                   By: /s/Peggy Peckham
                                       -------------------------------------
                                       Name:  Peggy Peckham
                                       Title: Senior Workout Officer

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

                                   By: /s/Steven C. Wimpenny
                                       -------------------------------------
                                       Name:  Steven C. Wimpenny
                                       Title: Group Senior Vice President

                                   By: /s/Parker H. Douglas
                                       -------------------------------------
                                       Name:  Parker H. Douglas
                                       Title: Group Vice President

                                   BANK ONE, NA, individually and as
                                   Documentation Agent

                                   By: /s/Phillip D. Martin
                                       -------------------------------------
                                       Name:  Phillip D. Martin
                                       Title: Senior Vice President

                                   THE BANK OF NEW YORK

                                   By: /s/Richard J. Baldwin
                                       -------------------------------------
                                       Name:  Richard J. Baldwin
                                       Title: Vice President

                                       S-2
<PAGE>
                                   KEY CORPORATE CAPITAL INC.

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

                                   THE BANK OF NOVA SCOTIA

                                   By:    /s/John W. Campbell
                                       -------------------------------------
                                       Name:  John W. Campbell
                                       Title: Managing Director

                                   COMERICA BANK

                                   By: /s/Jennifer J. Langan
                                       -------------------------------------
                                       Name:  Jennifer J. Langan
                                       Title: Assistant Vice President

                                   DRESDNER BANK, AG, NEW YORK
                                   AND GRAND CAYMAN BRANCHES

                                   By: /s/Richard J. Sweeney
                                       -------------------------------------
                                       Name:  Richard J. Sweeney
                                       Title: Vice President

                                   By: /s/Thomas R. Brady
                                       -------------------------------------
                                       Name:  Thomas R. Brady
                                       Title: Vice President

                                       S-3
<PAGE>
The Guarantors under (and as defined in) the Subsidiary Guaranty hereby
acknowledge that they have read and are aware of the provisions of this
Agreement 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 affected hereby.

                                   TRANSTECHNOLOGY ENGINEERED RINGS USA, INC.

                                   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

                                   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

                                       S-4
<PAGE>
                                   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

                                   TRANSTECHNOLOGY INTERNATIONAL INC.
                                   (F/K/A 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

                                       S-5
<PAGE>
                                   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

                                   ELLISON RING & WASHER INC.

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

                                       S-6<PAGE>

                                  EXHIBIT 10.50

                AMENDMENT AGREEMENT NO. 6 TO CREDIT AGREEMENT AND
                    AMENDMENT NO. 6 TO FORBEARANCE AGREEMENT

         This AMENDMENT AGREEMENT NO. 6 TO CREDIT AGREEMENT AND AMENDMENT NO. 6
TO FORBEARANCE AGREEMENT, dated as of April 3, 2002 (this "Agreement"), 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
(as hereinafter defined) (collectively, the "Lenders"), (c) FNB, acting through
its London Branch, as Sterling Fronting Bank (the "Sterling Fronting Bank"), (d)
FNB, as issuing bank for Letters of Credit (in such capacity, the "Issuing
Bank"), and (e) FNB as Administrative Agent for the Lenders, the Sterling
Fronting Bank and the Issuing Bank (in such capacity, the "Administrative
Agent").

         WHEREAS, the Borrowers, the Lenders, the Sterling Fronting Bank, the
Issuing Bank, ABN AMRO Bank N.V., as Syndication Agent, Bank One, NA, as
Documentation Agent, and the Administrative Agent are parties to 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, as amended by that certain Consent and Amendment Agreement No.
1 dated as of August 21, 2000, as further amended by that certain Amendment
Agreement No. 2 dated as of December 29, 2000, as further amended by that
certain Amendment Agreement No. 3 dated as of January 31, 2001, as further
amended by that certain Consent, Amendment Agreement No. 4 to Credit Agreement
and Amendment No. 3 to Forbearance Agreement dated as of December 4, 2001 (the
"December 2001 Amendment"), and as further amended by that certain Consent,
Amendment Agreement No. 5 to Credit Agreement and Amendment No. 4 to Forbearance
Agreement dated as of January 31, 2002 (the "January 2002 Amendment") (as so
amended and restated, the "Credit Agreement"). Capitalized terms used herein
unless otherwise defined shall have the respective meanings set forth in the
Credit Agreement;

         WHEREAS, pursuant to that certain Forbearance and Waiver Agreement
dated as of March 29, 2001, as amended by that certain Consent and Amendment to
Forbearance Agreement dated as of June 25, 2001, as further amended by that
certain Consent and Amendment No. 2 to Forbearance Agreement dated as of
September 27, 2001, as further amended by the December 2001 Amendment, as
further amended by the January 2002 Amendment, and as further amended by that
certain Amendment No. 5 to Forbearance Agreement dated as of March 27, 2002 (as
so amended, the "Forbearance Agreement"), by and among the Borrowers, the
Lenders, the Sterling Fronting Bank, and the Administrative Agent, the Lenders
and the Administrative Agent agreed 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
<PAGE>
make Revolving Credit Loans or International Facility Loans or to issue, extend
or renew Letters of Credit;

         WHEREAS; pursuant to the terms of the Forbearance Agreement the
forbearance period will end on April 3, 2002;

         WHEREAS, the Borrowers have requested that the Lenders and the
Administrative Agent extend such forbearance period;

         WHEREAS, the Lenders and the Administrative Agent are willing to extend
the forbearance period, 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:

         SECTION 1. AMENDMENT TO CREDIT AGREEMENT. Section 2.10 of the Credit
Agreement is hereby amended by replacing the last sentence thereof with the
following:

                  "As of April 1, 2002 the Total Revolving Credit Commitment is
         Thirty-Six Million Two Hundred Fifty-Seven Thousand Dollars
         ($36,257,000) and if it has not already been reduced to such amount or
         a lower amount, the Total Revolving Credit Commitment shall be reduced
         to Twenty-Eight Million Dollars ($28,000,000) on June 25, 2002."

         SECTION 2. AMENDMENT TO FORBEARANCE AGREEMENT.

                  (a) Section 1 of the Forbearance Agreement is amended by
         replacing such section in its entirety with the following:

                  "SECTION 1. FORBEARANCE AGREEMENT. Subject to the terms and
         conditions set forth herein, each of the Administrative Agent and 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, other than the
         failure to comply with the provisions of Sections 11.1 - 11.5 of the
         Credit Agreement for the period commencing on January 1, 2001 and
         ending on September 25, 2002 (the "Specified Defaults"), (ii) the
         occurrence after the date hereof of any Default or Event of Default,
         other than a Specified Default, (iii) maximum amount outstanding under
         the Credit Agreement any time during the last week of June, 2002
         exceeding an amount equal to (a) the lesser of (1) Twenty Eight Million
         Dollars ($28,000,000) and (2) the then
<PAGE>
                                      -3-

         existing Total Revolving Credit Commitment minus (b) Three Million Five
         Hundred Thousand Dollars ($3,500,000), (iv) the failure of the
         Borrowers after the date hereof to comply with the financial covenants
         set forth in Section 3(a) hereof, (v) the failure of the Borrowers and
         the holders of the Senior Subordinated Loans to have entered into an
         agreement by June 25, 2002 whereby the holders of the Senior
         Subordinated Loans consent to a refinancing of the Obligations and
         effective with a refinancing of the Obligations the parties otherwise
         agree to modify the terms of the Senior Subordinated Loans in a manner
         which the Administrative Agent reasonably believes will allow the
         Borrowers to refinance the Obligations, (vi) the failure of the
         Borrowers or their Subsidiaries to comply with any term set forth in
         this Agreement, (vii) 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, (viii) the date that the
         Borrowers, any of their Subsidiaries or any Affiliate of the Borrowers
         shall commence any litigation or other 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 Agreement or any documents, agreements or
         instruments executed in connection with any of the foregoing, (ix) 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 be to
         permit the holder of such Subordinated Debt to accelerate such
         Subordinated Debt, and (x) September 25, 2002. On and after the
         Forbearance Termination Date, each of the Administrative Agent and 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."

                  (b) The Forbearance Agreement is hereby amended by replacing
         Section 3(a) with the following:

                  "(a) Financial Covenants. During the period beginning on April
         30, 2002 and ending on the Forbearance Termination Date, at no time
         shall Modified Consolidated EBITDA as of the last day of each month be
         less than the amount set forth on Schedule 3(a)(1) attached hereto for
         such period. As used herein "Modified Consolidated EBITDA" shall mean
         Consolidated EBITDA (excluding the operations of all entities other
         than
<PAGE>
                                      -4-

         Breeze Eastern, NORCO, and TCR Corporation), with "Reference Periods"
         beginning on April 1, 2002 and ending on the last day of each month,
         plus the forbearance fees paid to the Lenders pursuant to Section 10
         hereof during such period plus the expenses incurred in accordance with
         Sections 3(g) and (i) hereof during such period. During the period
         beginning on April 1, 2002 and ending on the Forbearance Termination
         Date, TransTechnology will not make, or permit any Subsidiary of
         TransTechnology to make Capital Expenditures during the period from
         April 1, 2002 and through the end of each month that exceed the amount
         set forth on Schedule 3(a)(2) attached hereto. The Borrowers shall
         deliver to the Administrative Agent and the Lenders evidence of
         compliance with this paragraph (a) simultaneously with the delivery of
         the monthly financial statements required by Section 9.4(d) of the
         Credit Agreement."

                  (c) Schedule 3(a) of the Forbearance Agreement is deleted in
         its entirety and replaced with Schedule 3(a)(1) attached hereto.

                  (d) Schedule 3(a)(2) attached hereto is hereby added to the
         Forbearance Agreement as Schedule 3(a)(2).

                  (e) Schedule 6(a) of the Forbearance Agreement is deleted in
         its entirety and replaced with Schedule 6(a) attached hereto.

                  (f) Section 10 of the Forbearance Agreement is amended by
         adding at the end thereof the following new sub paragraphs:

                  "(g) An additional forbearance fee on April 3, 2002, equal to
         one percent (1%) of the Total Revolving Credit Commitment;

                  (h) An additional forbearance fee on June 26, 2002, equal to
         one percent (1%) of the Total Revolving Credit Commitment; and

                  (i) An additional forbearance fee on September 25, 2002, equal
         to two percent (2%) of the Total Revolving Credit Commitment."

                  (g) The Forbearance Agreement is amended by replacing Section
         10.A with the following:

                  "SECTION 10.A. BORROWING TO PAY SUBDEBT INTEREST.
         TransTechnology hereby agrees to pay to the Administrative Agent, for
         the pro-rata benefit of each Lender:

                  (a)      A fee equal to One Hundred Thousand Dollars
                           ($100,000) (representing four percent (4%) of Two
                           Million Five Hundred Thousand Dollars ($2,500,000)
                           (the "October 2001 Subdebt Interest Payment Amount")
                           which is the amount equal to the interest payment due
                           on the Senior Subordinated Loans on October 1, 2001
                           rounded to the nearest $100,000). At all times after
                           October 1, 2001, a portion of the Loans equal
<PAGE>
                                      -5-

                           to the October 2001 Subdebt Interest Payment Amount
                           shall bear interest (payable monthly in arrears on
                           each Interest Payment Date) at an annual rate equal
                           to twenty five percent (25%).

                  (b)      On April 3, 2002, a fee equal to One Hundred Thousand
                           Dollars ($100,000) (representing four percent (4%) of
                           Two Million Five Hundred Thousand Dollars
                           ($2,500,000) (the "April 2002 Subdebt Interest
                           Payment Amount") which is the amount equal to the
                           interest payment due on the Senior Subordinated Loans
                           on April 1, 2002 rounded to the nearest $100,000). At
                           all times after April 1, 2002, a portion of the Loans
                           equal to the sum of (1) the October 2001 Subdebt
                           Interest Payment Amount, and (2) the April 2002
                           Subdebt Interest Payment Amount shall bear interest
                           (payable monthly in arrears on each Interest Payment
                           Date) at an annual rate equal to twenty five percent
                           (25%).

                  (c)      On July 1, 2002, a fee equal to One Hundred Four
                           Thousand Dollars ($104,000) (representing four
                           percent (4%) of Two Million Six Hundred Thousand
                           Dollars ($2,600,000) (the "July 2002 Subdebt Interest
                           Payment Amount") which is the amount equal to the
                           interest payment due on the Senior Subordinated Loans
                           on July 1, 2002 rounded to the nearest $100,000). At
                           all times after July 1, 2002, a portion of the Loans
                           equal to the sum of (1) the October 2001 Subdebt
                           Interest Payment Amount, (2) the April 2002 Subdebt
                           Interest Payment Amount, and (3) the July 2002
                           Subdebt Interest Payment Amount shall bear interest
                           (payable monthly in arrears on each Interest Payment
                           Date) at an annual rate equal to twenty five percent
                           (25%)."

                  (h) The Forbearance Agreement shall be deemed amended to
         include capitalized defined terms used in this Agreement to the extent
         not defined in the Forbearance Agreement.

         SECTION 3. CONDITIONS TO EFFECTIVENESS. The effectiveness of the
amendments to the Credit Agreement and the Forbearance Agreement contained in
Section 1 and Section 2 of this Agreement shall be conditioned upon the
satisfaction of the following conditions precedent:

         SECTION 3.1. DELIVERY OF DOCUMENTS.

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

         (b) The Borrowers and the holders of the Senior Subordinated Loans
shall have executed and delivered to the Administrative Agent an agreement in
the form of Exhibit A hereto.
<PAGE>
                                      -6-

         Section 3.2. 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 Agreement 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 3.3. 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 required
to be performed, complied with or observed by it on or prior to the date this
Agreement is to become effective. Except for the Specified Defaults (as defined
in the Forbearance Agreement), 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 3.4. Proceedings and Documents. All corporate, governmental and
other proceedings in connection with the transactions contemplated by this
Agreement 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 3.5. Payment of Legal Expenses. The Administrative Agent shall
have received the payment in cash of all outstanding legal fees incurred by the
Administrative Agent.

         Section 4. Representations and Warranties. Each of the Borrowers hereby
represents and warrants to the Lenders as follows:

         (a) Except as set forth on Schedule 6(a) to the Forbearance Agreement,
the representations and warranties of such Borrower and of each Guarantor
contained in the Credit Agreement, the Forbearance 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 and projections referred to in the representations and
warranties contained in the Credit Agreement shall be the financial statements
and projections 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
Agreement 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
<PAGE>
                                      -7-

the validity or enforceability of this Agreement 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;

         (c) This Agreement, the Credit Agreement and the Forbearance 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; and

         (d) As of the date hereof, no "Event of Default" under and as defined
in any instrument evidencing any Subordinated Debt has occurred.

         Section 5. Payment of Interest Under Subordinated Loan Agreement. The
Borrowers hereby agree that before paying the July 2002 Subdebt Interest Payment
Amount to the holders of the Senior Subordinated Loans, the Revolving Credit
Availability shall be at least Three Million Five Hundred Thousand Dollars
($3,500,000).

         Section 6. Reaffirmation. Except as modified hereby, the Borrowers
hereby reaffirm in all respects all the covenants, agreements, terms and
conditions of the Credit Agreement, the Forbearance Agreement and the other Loan
Documents which are incorporated in full herein by reference, and all terms,
conditions and provisions thereof shall remain in full force and effect.

         Section 7. Execution in Counterparts. This Agreement 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 Agreement, it shall
not be necessary to produce or account for more than one such counterpart signed
by the party against whom enforcement is sought.
<PAGE>
                                      -8-

         Section 8. Release. In order to induce the Administrative Agent and the
Lenders to enter into this Agreement, each Borrower acknowledges and agrees
that: (i) no Borrower has any claim or cause of action against the
Administrative Agent or any Lender (or any of its respective directors,
officers, employees or agents); (ii) no Borrower has any offset right,
counterclaim or defense of any kind against any of their respective obligations,
indebtedness or liabilities to the Administrative Agent or any Lender; and (iii)
each of the Administrative Agent and the Lenders has heretofore properly
performed and satisfied in a timely manner all of its obligations to each
Borrower. The Borrowers wish to eliminate any possibility that any past
conditions, acts, omissions, events, circumstances or matters would impair or
otherwise adversely affect any of the Administrative Agent's and the Lenders'
rights, interests, contracts, collateral security or remedies. Therefore, each
Borrower unconditionally releases, waives and forever discharges (A) any and all
liabilities, obligations, duties, promises or indebtedness of any kind of the
Administrative Agent or any Lender to any Borrower, except the obligations to be
performed by the Administrative Agent or any Lender on or after the date hereof
as expressly stated in this Agreement, the Credit Agreement, the Forbearance
Agreement (as amended hereby) and the other Loan Documents, and (B) all claims,
offsets, causes of action, suits or defenses of any kind whatsoever (if any),
whether arising at law or in equity, whether known or unknown, which any
Borrower might otherwise have against the Administrative Agent, any Lender or
any of its directors, officers, employees or agents, in either case (A) or (B),
on account of any condition, act, omission, event, contract, liability,
obligation, indebtedness, claim, cause of action, defense, circumstance or
matter of any kind existing as of the date hereof, or occurring prior to the
date hereof.

         Section 9. Effective Date. This Agreement shall be deemed to be
effective as of the date set forth above upon the satisfaction of the conditions
precedent set forth in Section 3 hereof (the "Effective Date").

                  [Remainder of Page Intentionally Left Blank]
<PAGE>
         IN WITNESS WHEREOF, the undersigned have duly executed this Amendment
Agreement No. 6 to Credit Agreement and Amendment No. 6 to Forbearance Agreement
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, CFO &
                                                   Treasurer

                                       TRANSTECHNOLOGY SEEGER-ORBIS GmbH

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

                                       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>
                                      -2-

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

                                       By:    /s/Peggy Peckham
                                           ------------------------------------
                                           Name:   Peggy Peckham
                                           Title:  Senior Workout Officer

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

                                       By:    /s/Steven C. Wimpenny
                                           ------------------------------------
                                           Name:   Steven C. Wimpenny
                                           Title:  Group Senior Vice President

                                       By:    /s/Parker H. Douglas
                                           ------------------------------------
                                           Name:   Parker H. Douglas
                                           Title:  Group Vice President

                                       BANK ONE, NA, individually and as
                                       Documentation Agent

                                       By:    /s/Phillip D. Martin
                                           ------------------------------------
                                           Name:   Phillip D. Martin
                                           Title:  Senior Vice President

                                       THE BANK OF NEW YORK

                                       By:    /s/Richard J. Baldwin
                                           ------------------------------------
                                           Name:   Richard J. Baldwin
                                           Title:  Vice President

                                      S-2

<PAGE>
                                      -3-

                                       KEY CORPORATE CAPITAL INC.

                                       By:    /s/Mike Kleinhaut
                                           ------------------------------------
                                           Name:   Mike Kleinhaut
                                           Title:  Vice President

                                       THE BANK OF NOVA SCOTIA

                                       By:    /s/John W. Campbell
                                           ------------------------------------
                                           Name:   John W. Campbell
                                           Title:  Managing Director

                                       COMERICA BANK

                                       By:    /s/Jennifer J. Langan
                                           ------------------------------------
                                           Name:   Jennifer J. Langan
                                           Title:  Assistant Vice President

                                       DRESDNER BANK, AG, NEW YORK AND GRAND
                                       CAYMAN BRANCHES

                                       By:    /s/Richard J. Sweeney
                                           ------------------------------------
                                           Name:   Richard J. Sweeney
                                           Title:  Vice President

                                       By:    /s/Thomas R. Brady
                                           ------------------------------------
                                           Name:   Thomas R. Brady
                                           Title:  Director

                                      S-3
<PAGE>
                                      -4-

The Guarantors under (and as defined in) the Subsidiary Guaranty hereby
acknowledge that they have read and are aware of the provisions of this
Agreement 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 affected hereby.

                                     TRANSTECHNOLOGY ENGINEERED RINGS USA, INC.

                                     By:    /s/Joseph F. Spanier
                                         --------------------------------------
                                         Name:   Joseph F. Spanier
                                         Title:  Vice President & Treasurer

                                     RETAINERS, INC.

                                     By:    /s/Joseph F. Spanier
                                         --------------------------------------
                                         Name:   Joseph F. Spanier
                                         Title:  Vice President & Treasurer

                                     RANCHO TRANSTECHNOLOGY CORPORATION

                                     By:    /s/Joseph F. Spanier
                                         --------------------------------------
                                         Name:   Joseph F. Spanier
                                         Title:  Vice President & Treasurer

                                     TRANSTECHNOLOGY SYSTEMS & SERVICES, INC.

                                     By:    /s/Joseph F. Spanier
                                         --------------------------------------
                                         Name:   Joseph F. Spanier
                                         Title:  Vice President & Treasurer

                                       S-4
<PAGE>
                                      -5-

                                     SSP INDUSTRIES

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

                                     SSP INTERNATIONAL SALES, INC.

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

                                     TRANSTECHNOLOGY INTERNATIONAL INC.
                                     (F/K/A TRANSTECHNOLOGY SEEGER INC.)

                                     By:    /s/Joseph F. Spanier
                                         --------------------------------------
                                         Name:   Joseph F. Spanier
                                         Title:  Vice President & Treasurer

                                     SEEGER INC.

                                     By:    /s/Joseph F. Spanier
                                         --------------------------------------
                                         Name:   Joseph F. Spanier
                                         Title:  Vice President & Treasurer

                                     TCR CORPORATION

                                     By:    /s/Michael J. Berthelot
                                         --------------------------------------
                                         Name:   Michael J. Berthelot
                                         Title:  Chairman of the Board

                                       S-5
<PAGE>
                                      -6-

                                     AEROSPACE RIVET MANUFACTURERS CORPORATION

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

                                     NORCO, INC.

                                     By:    /s/Michael J. Berthelot
                                         --------------------------------------
                                         Name:   Michael J. Berthelot
                                         Title:  Chairman of the Board

                                     ELLISON RING & WASHER INC.

                                     By:    /s/Joseph F. Spanier
                                         --------------------------------------
                                         Name:   Joseph F. Spanier
                                         Title:  Treasurer

                                      S-6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}]]