Document:

Second Amendment to Standard Industrial/Commercial Single-Tenant Lease.

 Exhibit 10.2 
 SECOND AMENDMENT TO STANDARD INDUSTRIAL/COMMERCIAL 
 SINGLE-TENANT LEASE- NET 
 This SECOND AMENDMENT TO STANDARD INDUSTRIAL/COMMERCIAL
SINGLE-LESSEE LEASE- NET (“Amendment”) is entered into this 18th day of September, 2008, by and between CALIFORNIA DEVELOPMENT,
INC., a California corporation (“Lessor”), and CERUS CORPORATION, a Delaware corporation (“Lessee”). All capitalized terms used herein and not
otherwise defined herein shall have the meanings set forth in the Lease. 
 RECITALS 
 A. Lessor and Lessee are parties to that certain Standard Industrial/Commercial Single Lessee Lease - Net, dated October 12, 2001, as amended
by (i) that certain Rider to A.I.R.E.A. Standard Industrial/Commercial Single Lessee Lease - Net, dated September 15, 2001 (“Rider”), (ii) that certain Amendment to Standard Industrial/Commercial Single-Lessee Lease
– Net dated as of April 10, 2002 (“Expansion Amendment”); (iii) that certain letter agreement dated June 14, 2006; and (iv) that certain letter agreement dated July 3, 2007 (collectively, the
“Lease”) whereby Lessee is leasing from Lessor approximately 31,808 rentable square feet of space (the “Premises”) located in that certain building located at 2550 Stanwell Drive, Concord, California (the
“Building”). 
 B. Lessor and Lessee desire to amend the Lease as set forth herein. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Lessor and Lessee agree that the Lease is amended as follows: 
 1. Recitals. The
above-referenced Recitals are incorporated herein by reference. 
 2. Extension of Term. The Expiration Date of the Term of the
Lease is hereby extended to November 11, 2013 and the period from November 12, 2008 through November 11, 2013 is referred to herein as the “First Five-Year Extension Term”. 
 3. Base Rent for the First Five-Year Extension Term. Commencing on November 12, 2008, Base Rent for the First Five-Year Extension Term
shall be as follows: 
  

							
	 Period
	  	Base Rent Per
Month	  	Base Rent Per
Rentable Square Foot
	 November 12, 2008 – November 11, 2009
	  	$	33,080.32	  	$	1.04
	 November 12, 2009 – November 11, 2010
	  	$	34,034.56	  	$	1.07
	 November 12, 2010 – November 11, 2011
	  	$	34,988.80	  	$	1.10
	 November 12, 2011 – November 11, 2012
	  	$	36,261.12	  	$	1.14
	 November 12, 2012 – November 11, 2013
	  	$	37,215.36	  	$	1.17

  

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 4. One-Year Extension Options. 
 a. Paragraph (a) of Insert 50 of the Rider is hereby deleted. 
 b. Grant and Exercise. Lessee shall have (5) consecutive options to extend the Term of the Lease (each, a
“One-Year Extension Option”), each for one (1) additional year (each, a “One-Year Extension Term”), upon all the same terms and conditions of the Lease, excepting only that Base Rent shall be increased as
provided below. Lessee shall exercise a One-Year Extension Option, if at all, by giving notice of such exercise to Lessor not less than six (6) months prior to the expiration of the First Five-Year Extension Term or the One-Year Term then in
effect. 
 c. Base Rent for One-Year Extension Terms. Each One-Year Extension Term shall be deemed to be an
“Extended Term” as such term is defined in Paragraph (b) of Insert 50 of the Rider, and the Base Rent for each One-Year Extension Term shall be increased according to the CPI Index adjustment procedure in Paragraph (b) of Insert
50 of the Rider. 
 5. Ten-Year Extension Option. 
 a. Grant. Lessee shall have the option (“Ten-Year Extension Option”), at anytime during the First Five-Year
Extension Term or during any One-Year Extension Term, to extend the Term of the Lease for an additional ten (10) years (“Ten-Year Extension Term”) upon all the same terms and conditions of the Lease, excepting only that:

 (i) at the time of Lessee’s exercise of the Ten-Year Extension Option, Lessee shall not be in default beyond
any applicable cure period under the Lease; 
 (ii) any remaining portion of the First Five-Year Extension Term shall
automatically be deemed terminated as of the effective date of the Lessee’s exercise of the Ten-Year Extension Option; 
 (iii) any remaining One-Year Extension Options shall automatically be deemed terminated; 
 (iv) Base
Rent shall be determined as provided below; and 
 (v) Lessor shall provide tenant improvement allowances to Lessee as
provided below. 
 b. Exercise of Option. Lessee shall exercise the Ten-Year Extension Option, if at all, by
giving notice of such exercise to Lessor not less than six (6) months prior to the expiration of the First Five-Year Extension Term or the One-Year Term then in effect. 
 c. Base Rent for the Ten-Year Extension Term. 
 (i) Base Rent for any portion of the Ten-Year Extension Term up through November 11, 2013 shall be the same as stated in
Section 3 of this Amendment. 
  

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 (ii) The Ten-Year Extension Term shall be deemed to be an “Extended
Term” as such term is defined in Paragraph (b) of Insert 50 of the Rider, and on November 12 of each year of the Ten Year Extension Term (commencing November 12, 2013) Base Rent shall be increased according to the CPI Index
adjustment procedure in Paragraph (b) of Insert 50 of the Rider. 
 d. Ten-Year Extension Term Allowances.
Lessor hereby acknowledges and agrees that a material portion of the consideration for Lessee’s agreement to enter into this Amendment is Lessee’s ability to enhance the Building during the Ten-Year Extension Term with various Alterations
(as such term is defined in the Lease), and Lessor’s agreement to provide tenant improvement allowances as set forth below. When requesting Lessor’s consent to Alterations, Lessee shall include with such request Lessee’s reasonable
estimate of the costs and expenses of installing such Alterations (“Estimated Cost of Alterations”). Lessor shall review and approve any plans, specifications or drawings submitted by Lessee to Lessor for approval with respect to
the Alterations within five (5) days of receipt of the same, and if Lessor fails to either approve or reasonably disapprove the same within such five (5) day period, then the same shall be deemed approved. If Lessor reasonably disapproves
of any aspect of Lessee’s plans and specifications for the Alterations, Lessor shall specify the reasons for disapproval in Lessor’s notice of disapproval. Lessor agrees that any disapproval shall be deemed unreasonable unless Lessor
provides with its notice of disapproval demonstrable evidence that a decline in value in the Project would result from the proposed Alterations. Notwithstanding any other provision of the Lease to the contrary, if Lessor continues to fail to approve
the plans and specifications for the Alterations for a period of forty-five (45) days after the initial submission of the same to Lessor, then Lessee shall have the right at any time thereafter to terminate the Lease by providing written notice
thereof to Lessor, and upon receipt of such notice the Lease shall terminate, and Lessor shall promptly thereafter return all sums previously paid or deposited by Lessee to Lessor. Following approval of the plans and specifications for the
Alterations, Lessor shall pay to Lessee an Unamortized Allowance (as defined below) as provided in subparagraph 5d(i) below and shall pay an Additional Allowance (as defined below) as provided in subparagraph 5d(ii) below. Upon substantial
completion of the Alterations, Lessee shall give notice to Lessor specifying the date of such substantial completion (“Notice of Completion”) and as soon as reasonably practical shall provide to Lessor reasonable evidence of the
actual costs and expenses incurred by Lessee in completing the Alterations (“Actual Cost of Alterations”). In no event shall Lessor have any responsibility for any portion of the Actual Cost of Alterations in excess of the sum of
the Unamortized Allowance and the Additional Allowance (“Excess TI Costs”). Lessee shall be solely responsible for paying any Excess TI Costs. 
 (i) Unamortized Allowance. Lessor shall pay to Lessee a tenant improvement allowance up to the amount of Five Hundred Forty
Thousand Seven Hundred Thirty-Six Dollars ($540,736.00) (“Unamortized Allowance”), calculated at the rate of Seventeen Dollars ($17.00) per the 31,808 rentable square feet of space in the Premises, toward the Estimated Cost of
Alterations as follows. Not later than the 30th day of each month during the course of construction of the Alterations, Lessee shall submit to Lessor an application for payment (in a form reasonably acceptable to Lessor and accompanied by such
supporting documentation as shall be reasonably requested by Lessor, each an “Application for Payment”), of a portion of the Unamortized Allowance allocable to labor, materials and equipment incorporated in the Premises during the
period indicated by the Application for Payment. On or before the 15th day of the month following submission of the Application for Payment, Lessor shall pay a portion of the Unamortized Allowance equal to the amount shown on the Application for
Payment, up to a total which is the lesser of the Actual Cost of Alterations or the Unamortized Allowance. 
  

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 (ii) Additional Allowance. 
 (1) In the event that the entire Unamortized Allowance shall have been applied to the Estimated Cost of Alterations, upon
Lessee’s request, Lessor shall pay to Lessee an additional tenant improvement allowance toward the Estimated Cost of Alterations (“Additional Allowance”) (calculated at the rate of Sixty Dollars ($60) per the 17,008 square feet
of Expansion Space as defined in the Expansion Amendment) in an amount up to the lesser of: (a) One Million Twenty Thousand Four Hundred Eighty Dollars ($1,020,480.00); or (b) the Total Cost of Alterations less the amount of the
Unamortized Allowance. Not later than the 30th day of each month during the course of construction of the Alterations, Lessee shall submit an Application for Payment of a portion of the Additional Allowance allocable to labor, materials and
equipment incorporated in the Premises during the period indicated by the Application for Payment. On or before the 15th day of the month following submission of the Application for Payment, Lessor shall pay a portion of the Additional Allowance
equal to the amount shown on the Application for Payment, up to a total which is the lesser of: (a) One Million Twenty Thousand Four Hundred Eighty Dollars ($1,020,480.00); or (b) the Total Cost of Alterations less the amount of the
Unamortized Allowance. 
 (2) The parties agree that beginning on the first day of the first full calendar month
following the date of the final disbursement of the Additional Allowance, the amount of the Additional Allowance disbursed by Lessor to Lessee shall be amortized, together with fixed interest at the Wells Fargo Bank Prime Lending Rate in effect on
the effective date of Lessee’s Notice of Completion plus two percent (2%) per annum, in equal monthly installments over the then remaining portion of the Ten-Year Extension Term, and shall be payable, as a part of Base Rent. 
 e. Lessee’s Right to Terminate Lease. 
 (i) Notwithstanding any other provision of the Lease to the contrary, Lessee has the right and option to terminate the Ten-Year
Extension Term (“Early Termination Right”), effective as of the last day of the sixtieth (60th) consecutive month of the Ten-Year Extension Term (“Early Termination Date”). Lessee shall exercise its Early
Termination Right, if at all, by providing not less than sixty (60) days’ prior written notice of such election to terminate to Lessor. If Lessee exercises the Early Termination Right, then Lessee shall pay the Lease Termination Fee (as
defined below) on or before the Early Termination Date. 
 (ii) The Lease Termination Fee shall be equal to the sum of
(a) the unamortized portion of the Additional Allowance as of the Early Termination Date; plus (b) reasonable attorney’s fees and unearned brokerage commissions paid by Lessor in connection with the early termination of the Lease.

 6. Five-Year Extension Options. 
 a. Grant. In the event that Lessee does not exercise its Early Termination Right, Lessee shall have the right and option to extend the Term of the Lease (“Five-Year Options to Extend”)
for two (2) additional terms of five (5) years each (each generally referred to as a “Five-Year Extension Term”), upon all the same terms and conditions of the Lease, excepting only that: 
 (i) upon Lessee’s exercise of any Five-Year Option to Extend, Lessee shall not be in default beyond any applicable cure period
under the Lease; and 
  

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 (ii) Base Rent shall be the Fair Market Rent for each year of the applicable
Five-Year Extension Term, as determined below; 
 b. Exercise of Option. Lessee shall exercise each Five-Year
Option to Extend, if at all, by giving notice of such exercise to Lessor not less than six (6) months prior to the expiration of the Ten-Year Extension Term or the then applicable Five-Year Extension Term. 
 c. Determination of Base Rent for a Five-Year Extension Term. 
 (i) Base Rent for each year of a Five-Year Extension Term shall equal Fair Market Rent as defined herein. “Fair Market
Rent” shall be the fair market rental rate for each year of a Five-Year Extension Term based on the terms of comparable lease transactions for comparable developed office/warehouse/laboratory space in the Stanwell Drive, Concord,
California area, all based on the best information available at the time of determination of Fair Market Rent. For a period of thirty (30) days following Lessee’s notice of exercise of the Five-Year Extension Option, Lessor and Lessee
shall endeavor in good faith to agree upon Fair Market Rent for each year of such Five-Year Extension Term. If Lessor and Lessee are unable to agree upon Fair Market Rent within such thirty (30) day period, then each shall appoint, by written
notice delivered to the other prior within five (5) days after the expiration of such thirty (30) day period, a real estate broker who has not less than five (5) recent years of significant experience appraising rental rates for
commercial real property in the Concord area to participate in the determination of Fair Market Rent. If either Lessor or Lessee fails to timely appoint a qualified broker as provided above (a “Non-Appointing Party”), and such
failure continues for fifteen (15) days after the party which has appointed a broker (the “Appointing Party”) gives notice to the Non-Appointing Party of such appointment and makes demand for the appointment of a qualified
broker by the Non-Appointing Party, then the determination of Fair Market Rent shall be made solely by the broker selected by the Appointing Party, and such determination of Fair Market Rent by such broker shall be binding upon both Lessor and
Lessee. The appointed brokers shall work together and share information in their efforts to determine and agree upon Fair Market Rent. Fair Market Rent shall be determined by the brokers as provided below. 
 (ii) Lessor and Lessee shall each state in writing their respective opinions of Fair Market Rent, including whatever support for
such opinions they wish to have considered by the brokers. The parties shall arrange for simultaneous exchange of such written opinions (collectively, the “Parties’ Opinions of FMR”) and for presentation of such additional
evidence, rebuttals, or other matters as the parties may wish to present and the brokers may elect to hear or otherwise receive. The role of the two appointed brokers shall be to select from the two Parties’ Opinions of FMR the one which is
closest to the actual Fair Market Rent for each year of the Five-Year Extension Term in the opinion of the brokers. The brokers shall have no power to adopt a compromise or “middle ground” between the Parties’ Opinions of FMR. If the
brokers do not agree upon the determination of Fair Market Rent by the date that is sixty (60) days following Lessee’s notice of exercise of the Five-Year Extension Option, then the two appointed brokers shall appoint a third broker with
similar qualifications and no prior relationship with either party (the “Third Broker”) no later than the date that is seventy-five (75) days following Lessee’s notice of exercise of the Five-Year Extension Option. No
later than the date that is ninety (90) days following Lessee’s notice of exercise of the Five-Year Extension Option, the Third Broker shall determine the Fair Market Rate for each year of the Five-Year Extension Term by choosing one of
the Parties’ Opinions of FMR. The role of Third Broker shall be to select from the two Parties’ Opinions of FMR the one which is closest to the Third’s Broker’s opinion of actual Fair Market Rent for each year of the Five-Year
Extension Term. The Third Broker shall have no power to adopt a compromise or “middle ground” between the Parties’ Opinions of FMR. The Third Broker’s determination of the Fair Market Rent shall be binding upon both Lessor and
Lessee as the Fair Market Rent for each year of the Five-Year Term. 
  

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 (iii) Each party shall pay the fees, costs and expenses for its respective broker,
and shall each pay one-half (50%) of the fees, costs and expenses for the Third Broker, if appointed. 
 7. Right to Expand
Expired. Insert 51 (Right to Expand) to the Rider is no longer of any force or effect. 
 8. Brokerage Fees. Pursuant to a
separate written agreement, Lessor shall pay to Colliers International one or more brokerage commissions with regard to each option to extend exercised by Lessee. 
 9. Miscellaneous. 
 a. This Amendment may be executed in counterparts, each of
which shall constitute an original, and all of which, together, shall constitute one document. 
 b. Submission of this
instrument for examination or signature does not constitute a reservation of or option to lease, and it is not effective as an amendment to lease or otherwise until execution by and delivery to both Lessor and Lessee, and execution and delivery
hereof. 
 c. Each party hereby represents and warrants that the individual signing on its behalf has the capacity and
full power and authority to bind Lessee or Lessor (as applicable) to the terms hereof. 
 d. Except as specifically
amended by this Amendment, all other terms and conditions of the Lease shall remain unmodified and in full force and effect. 
 e. This Amendment and the Lease set forth the entire agreement between the parties with respect to the matters set forth herein. There have been no additional oral or written representations or agreements. 
 f. In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall
govern and control. 
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the first date set forth hereinabove.

  

									
	Lessor:	 		 	Lessee:
			
	CALIFORNIA DEVELOPMENT, INC.	 		 	CERUS CORPORATION
				
	By: Donald J. Bruzzone, President	 		 		 	
					
	By: 	 	/s/ Donald J. Bruzzone	 		 	By: 	 	/s/ William J. Dawson
			
	Dated: 9/18/08	 		 	Dated: 9/18/08

  

 6Amended and Restated Employment Agreement--Gregory Rufus

 Exhibit 10.1 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 THIS AGREEMENT, dated as of October 29, 2008, is made by and between
TransDigm Group Incorporated, a Delaware corporation (the “Company”), and Greg Rufus (the “Executive”). 
 RECITALS:

 WHEREAS, the Executive is a party to an employment agreement with TransDigm Holding Company dated as of November 18, 2005 and effective as of
October 1, 2005 (the “Prior Employment Agreement”); and 
 WHEREAS, TransDigm Holding Company was merged into TransDigm Inc., a wholly owned
subsidiary of the Company; and 
 WHEREAS, the Executive holds the position of Executive Vice President, and Chief Financial Officer of the Company; and

 WHEREAS, the parties would like to amend and restate the Prior Employment Agreement on the terms and subject to the conditions set forth in this
Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and agreements set forth below, the parties hereto agree as
follows: 
 1. Certain Definitions. 
 (a)
“Annual Base Salary” shall have the meaning set forth in Section 4(a). 
 (b) “Board” shall mean the
Board of Directors of the Company. 
 (c) “Cause” shall mean either of the following: (i) the repeated failure by the
Executive, after written notice from the Board, substantially to perform his material duties and responsibilities as an officer or employee or director of the Company or any of its subsidiaries (other than any such failure resulting from incapacity
due to reasonably documented physical or mental illness), or (ii) any willful misconduct by the Executive that has the effect of materially injuring the business of the Company or any of its subsidiaries, including, without limitation, the
disclosure of material secret or confidential information of the Company or any of its subsidiaries. 
 (d) “COBRA” shall
mean the Consolidated Omnibus Budget Reconciliation Act of 1985, as may be amended from time to time. 
 (e) “Code” shall
mean the Internal Revenue Code of 1986, as amended. Reference to a Section of the Code includes all rulings, regulations, notices, announcements, decisions, orders and other pronouncements that are issued by the United States Department of the
Treasury, the Internal Revenue Service, or any court of competent jurisdiction that are lawful and pertinent to the interpretation, application or effectiveness of such Section. 
 (f) “Common Stock” shall mean the common stock of the Company, $0.01 par value per share. 
 (g) “Company” shall have the meaning set forth in the preamble hereto. 
 (h) “Compensation Committee” shall mean the Compensation Committee of the Board whose members shall be appointed by the Board from time
to time. 
 (i) “Date of Termination” shall mean (i) if the Executive’s employment is terminated by reason of his
death, the date of his death, and (ii) if the Executive’s employment is terminated pursuant to Sections 5(a)(ii) - (vi), the date specified in the Notice of Termination. 
 (j) “Disability” shall mean the Executive’s absence from employment with the Company due to: (i) his inability to engage in
any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months; or
(ii) such medically determinable physical or mental impairment, which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, and for which the Executive is receiving
income replacement benefits for a period of not less than three (3) months under an accident and health plan covering the Company’s employees. 

 (k) “Effective Date” shall mean October 1, 2005. 
 (l) “Equity Compensation Agreements” shall mean any written agreements between the Company and the Executive pursuant to which the
Executive holds or is granted options to purchase Common Stock, including, without limitation, agreements evidencing options granted under any option plan adopted or maintained by the Company for employees generally, that certain agreement among the
Company, the Executive and Warburg Pincus Private Equity VIII, L.P., governing the treatment of “Rollover Options” (as described therein), and any management deferred compensation or similar plans of the Company. 
 (m) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
 (n) “Executive” shall have the meaning set forth in the preamble hereto. 
 (o) “Good Reason” shall mean the occurrence of any of the following: (i) a material diminution in the Executive’s title,
duties or responsibilities, without his prior written consent, or (ii) a reduction of the Executive’s aggregate cash compensation (including bonus opportunities), benefits or perquisites, without his prior written consent, (iii) the
Company requires the Executive, without his prior written consent, to be based at any office or location that requires a relocation greater than 30 miles from Cleveland, Ohio, or (iv) any material breach of this Agreement by the Company.

 (p) “Notice of Termination” shall have the a meaning set forth in Section 5(b). 
 (q) “Payment Period” shall have the meaning set forth in Section 6(b)(i). 
 (r) “Specified Employee” shall have the meaning set forth in Code Section 409A 
 (s) “Term” shall have the meaning set forth in Section 2. 
 2. Employment. The Company shall employ the Executive, for the period set forth in this Section 2, in the position(s) set forth in Section 3 and upon the other terms and conditions herein provided.
The term of employment under this Agreement (the “Term”) shall be for the period beginning on the Effective Date and ending on the fifth anniversary thereof unless earlier terminated as provided in Section 5; provided, however, that
unless so earlier terminated or unless the Executive or the Company shall give written notice to the other of his or its intention not to renew this Agreement no less than sixty days prior to the scheduled expiration thereof, upon the fifth
anniversary of the Effective Date, this Agreement shall automatically be renewed for an additional two year period. 
 3. Position and Duties. During
the Term, the Executive shall serve as Executive Vice President, and Chief Financial Officer of each of the Company and its subsidiary, TransDigm, Inc. (“TransDigm”), with such customary responsibilities, duties and authority as may from
time to time be assigned to the Executive by the Chief Executive Officer. During the Term, the Executive shall devote substantially all his working time and efforts to the business and affairs of the Company and TransDigm; provided, that it shall
not be considered a violation of the foregoing for the Executive to (i) with the prior consent of the Board (which consent shall not unreasonably be withheld), serve on corporate, industry, civic or charitable boards or committees, and
(ii) manage his personal investments, so long as none of such activities significantly interferes with the Executive’s duties hereunder. 
 4.
Compensation and Related Matters. 
 (a) Annual Base Salary. During the Term, the Executive shall receive a base salary at a
rate that is no less than $233,000 per annum payable in accordance with the Company’s normal payroll practices, which shall be reviewed by the Compensation Committee on or prior to each anniversary of the Effective Date during the Term and may
be increased, but not decreased, upon such review (the “Annual Base Salary”). 
 (b) Bonus. For each fiscal year during the
Term, the Executive shall be eligible to participate in the Company’s annual cash bonus plan in accordance with terms and provisions which shall be consistent with the Company’s executive bonus policy in effect as of the Effective Date.

  

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 (c) Non-Qualified Deferred Compensation. During the Term, the Executive shall be eligible to
participate in any non-qualified deferred compensation plan or program (if any) offered by the Company to its executives. 
 (d) Long Term
Incentive Compensation. During the Term, the Executive shall be entitled to participate in the Option Plan or any successor plan thereto. 
 (e) Benefits. During the Term, the Executive shall be entitled to participate in the other employee benefit plans, programs and arrangements of the Company now (or, to the extent determined by the Board or Compensation Committee,
hereafter) in effect which are applicable to the senior officers of the Company generally, subject to and on a basis consistent with the terms, conditions and overall administration thereof (including the right of the Company to amend, modify or
terminate such plans). 
 (f) Expenses. Pursuant to the Company’s customary policies in force at the time of payment, the
Executive shall be reimbursed for all expenses properly incurred by the Executive on the Company’s behalf in the performance of the Executive’s duties hereunder. 
 (g) Vacation. The Executive shall be entitled to an amount of annual vacation days, and to compensation in respect of earned but unused vacation
days in accordance with the Company’s vacation policy as in effect as of the Effective Date. The Executive shall also be entitled to paid holidays in accordance with the Company’s practices with respect to same as in effect as of the
Effective Date. 
 (h) Automobile. During the Term, the Company shall provide the Executive with an annual automobile allowance at a
rate determined by the Chief Executive Officer and generally consistent with allowance currently granted to the Executive. 
 (i) Club
Membership. During the Term, the Company shall pay on behalf of the Executive, or reimburse the Executive for, annual membership fees payable in connection with the Executive’s membership in one country club of the Executive’s choice.

 5. Termination. 
 (a) The
Executive’s employment hereunder may be terminated by the Company or the Executive, as applicable, without any breach of this Agreement only under the following circumstances and in accordance with subsection (b): 
 (i) Death. The Executive’s employment hereunder shall terminate upon his death. 
 (ii) Disability. If the Company determines in good faith that the Executive has incurred a Disability, the Company may give the
Executive written notice of its intention to terminate the Executive’s employment. In such event, the Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive, provided
that within such 30 day period the Executive shall not have returned to full-time performance of his duties. The Executive shall continue to receive his Annual Base Salary until the 90th day following the date of the Notice of Termination.

 (iii) Termination for Cause. The Company may terminate the Executive’s employment hereunder for Cause.

 (iv) Resignation for Good Reason. The Executive may terminate his employment hereunder for Good Reason. 

(v) Termination without Cause. The Company may terminate the Executive’s employment hereunder without Cause. 
 (vi) Resignation without Good Reason. The Executive may resign his employment hereunder without Good Reason. 
 (b) Notice of Termination. Any termination of the Executive’s employment by the Company or by the Executive under this Section 5 (other
than termination pursuant to subsection (a)(i)) shall be communicated by a written notice from the Board or the Executive to the other indicating the specific termination provision in this Agreement relied upon, setting forth in reasonable detail
the facts and circumstances claimed to provide a basis for 

  

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termination of the Executive’s employment under the provision so indicated, and specifying a Date of Termination which, except in the case of
Termination by reason of Disability or Termination for Cause pursuant to Section 5(a)(ii) or 5(a)(iii), respectively, shall be at least 90 days following the date of such notice (a “Notice of Termination”). In the event of Termination
for Cause pursuant to Section 5(a)(iii), the Executive shall have the right, if the basis for such Cause is curable, to cure the same within 15 days following the Notice of Termination for Cause, and Cause shall not be deemed to exist if the
Executive cures the event giving rise to Cause within such 15 day period. In the event of Termination by the Executive for Good Reason pursuant to Section 5(a)(iv), the Company shall have the right, if the basis for such Good Reason is curable,
to cure the same within 15 days following the Notice of Termination for Good Reason, and Good Reason shall not be deemed to exist if the Company cures the event giving rise to Good Reason within such 15 day period. The Executive shall continue to
receive his Annual Base Salary, annual bonus and all other compensation and perquisites referenced in Section 4 through the Date of Termination. 
 6.
Severance Payments. 
 (a) Termination for any Reason. In the event the Executive’s employment with the Company is
terminated for any reason, the Company shall pay the Executive (or his beneficiary in the event of his death) any unpaid Annual Base Salary that has accrued as of the Date of Termination, any unreimbursed expenses due to the Executive in accordance
with the Company’s expense reimbursement policy and an amount equal to compensation for accrued but unused sick days and vacation days. The Executive shall also be entitled to accrued, vested benefits under the Company’s benefit plans and
programs as provided therein. The Executive shall be entitled to the additional payments and benefits described below only as set forth herein. 
 (b) Termination without Cause, Resignation for Good Reason or Termination by Reason of Death or Disability. Subject to Sections 6(c) and (d) and the restrictions contained herein, in the event of the Executive’s Termination
without Cause (pursuant to Section 5(a)(v)), Resignation for Good Reason (pursuant to Section 5(a)(iv)) or termination by reason of death or Disability (pursuant to Section 5(a)(i) or (ii), respectively), the Company shall pay to the
Executive the amounts described in subsection (a). In addition, subject to Section 6(c) and (d) and the restrictions contained herein, the Company shall do all of the following: 
 (i) The Company shall pay to the Executive (or his beneficiary in the event of his death) an amount equal to the “Severance
Amount” described below. For purposes of this Agreement the Severance Amount is equal to the sum of: 
 (A) 1.0 times his
Annual Base Salary, and 
 (B) 1.0 times the greater of (I) the total of all bonuses paid (or payable) to executive in
respect of the fiscal year ending immediately prior to the Date of Termination, excluding any bonuses that are extraordinary in nature (e.g., a transaction related bonus) or (II) the target bonuses for the fiscal year in which the Date of
Termination falls, determined in accordance with the Company’s bonus program or programs, if any. 
 The Severance Amount as so
determined shall be payable to the Executive (or his beneficiary) in substantially equal installments of the 12 month period following the Date of Termination (the “Payment Period”) in accordance with the Company’s regular payroll
practices; 
 (ii) The Company shall offer to the Executive continuation of any health plan coverage of the Executive in
accordance with the requirements of applicable law (e.g. COBRA coverage), at a monthly cost to the Executive that is not greater than the monthly cost that the Executive is being charged for such coverage or coverages as of the Date of Termination.
The Company may require the Executive to complete and file any election forms that are generally required of other employees to obtain COBRA coverage; and the Executive’s COBRA coverage may be terminable in accordance with applicable law;

 (iii) During each month in the Payment Period, the Company shall pay to the Executive an amount equal to one-twelfth
(1/12) of the annual automobile allowance that is in effect under Section 4(h) as of the Date of Termination; and 
  

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 (iv) During each month in the Payment Period, the Company shall reimburse the Executive
for any membership fees in a country club that the Executive is obligated. to pay for such month, in an amount not to exceed one-twelfth (1/12) of the annual membership fees that the Executive is entitled to have reimbursed under
Section 4(i) as of the Date of Termination. The Executive shall apply for reimbursement by not later than the last day of the second calendar year following the date the expenses were incurred; and any reimbursement that is due hereunder shall
be paid to the Executive within 60 days of his application for the reimbursement. 
 (c) Benefits Provided Upon Termination of
Employment. If the Executive’s termination or resignation does not constitute a “separation from service,” as such term is defined under Code Section 409A, the Executive shall nevertheless be entitled to receive all of the
payments and benefits that the Executive is entitled to receive under this Agreement on account of his termination of employment. However, the payments and benefits that the Executive is entitled to under this Agreement shall not be provided to the
Executive until such time as the Executive has incurred a “separation from services” within the meaning of Code Section 409A. 
 (d) Payments on Account of Termination to a Specified Employee. Notwithstanding the foregoing provisions of Sections 6(a) or 6(b), in the event that the Executive is determined to be a Specified Employee at the time of his
termination of employment under this Agreement (or, if later, his “separation from service” under Code Section 409A), to the extent that a payment, reimbursement or benefit under Section 6(b) is considered to provide for a
“deferral of compensation” (as determined under Code Section 409A), then such payment, reimbursement or benefit shall not be paid or provided until six months after the Executive’s separation from service, or his death, whichever
occurs first. Any payments, reimbursements or benefits that are withheld under this provision for the first six months shall be payable in a lump sum on the 181st day after such termination of employment (or, if later, separation from service). The
restrictions in this Section 6(d) shall be interpreted and applied solely to the minimum extent necessary to comply with the requirements of Code Section 409A(a)(2)(B). Accordingly, payments, benefits or reimbursements under
Section 6(B) or any other part of this Agreement may nevertheless be provided to Executive with the six-month period following the date of Executive’s termination of employment under this Agreement (or, if later, his “separation from
service” under Code Section 409A), to the extent that it would nevertheless be permissible to do so under Code Section 409A because those payments, reimbursements or benefits are (i) described in Treasury Regulations
Section 409A because those payments, reimbursements or benefits are (i) described in Treasury Regulations Section 1.409A-1(b)(9)(iii) (i.e., payments within the limitations therein that are being made on account of an involuntary
termination or termination for good reason, within the meaning of the Treasury Regulations), or (ii) benefits described in Treasury Regulations Section 1.409A-1(b)(9)(v) (e.g. health care benefits). 
 7. Competition; Nonsolicitation. 
 (a) During the Term
and, following any termination of Executive’s employment, for a period equal to (i) the Payment Period, in the case of a termination of employment for which payments are made pursuant to Section 6(b) hereof, or (ii) twenty-four
(24) months from the date of such termination in the event of a voluntary termination of employment by the Executive without Good Reason, or a termination by the Company for Cause, the Executive shall not, without the prior written consent of
the Board, directly or indirectly engage in, or have any interest in, or manage or operate any person, firm, corporation, partnership or business (whether as director, officer, employee, agent, representative, partner, security holder, consultant or
otherwise) that engages in any business (other than a business that constitutes less than 5% of the relevant entity’s net revenue and a proportionate share of its operating income) which competes with any business of the Company or any entity
owned by it anywhere in the world; provided, however, that the Executive shall be permitted to acquire a stock interest in such a corporation provided such stock is publicly traded and the stock so acquired does not represent more than one percent
of the outstanding shares of such corporation. 
 (b) During the Term and for a period of two years following any termination of the
Executive’s employment, the Executive shall not, directly or indirectly, on his own behalf or on behalf of any other person or entity, whether as an owner, employee, service provider or otherwise, solicit or induce any person who is or was
employed by, or providing consulting services to, the Company or any of its subsidiaries during the twelve-month period prior to the date of such termination, to terminate their employment or consulting relationship with the Company or any such
subsidiary. 
  

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 (c) In the event the agreement in this Section 7 shall be determined by any court of competent
jurisdiction to be unenforceable by reason of its extending for too great a period of time or over too great a geographical area or by reason of its being too extensive in any other respect, it shall be interpreted to extend only over the maximum
period of time for which it may be enforceable, and/or over the maximum geographical area as to which it may be enforceable and/or to the maximum extent in all other respects as to which it may be enforceable, all as determined by such court in such
action. 
 8. Nondisclosure of Proprietary Information. 
 (a) Except as required in the faithful performance of the Executive’s duties hereunder or pursuant to subsection (c), the Executive shall, in perpetuity, maintain in confidence and shall not directly, indirectly
or otherwise, use, disseminate, disclose or publish, or use for his benefit or the benefit of any person, firm, corporation or other entity any confidential or proprietary information or trade secrets of or relating to the Company, including,
without limitation, information with respect to the Company’s operations, processes, products, inventions, business practices, finances, principals, vendors, suppliers, customers, potential customers, marketing methods, costs, prices,
contractual relationships, regulatory status, compensation paid to employees or other terms of employment, except for such information which is or becomes publicly available other than as a result of a breach by the Executive of this Section 8,
or deliver to any person, firm, corporation or other entity any document, record, notebook, computer program or similar repository of or containing any such confidential or proprietary information or trade secrets. The parties hereby stipulate and
agree that as between them the foregoing matters are important, material and confidential proprietary information and trade secrets and affect the successful conduct of the businesses of the Company (and any successor or assignee of the Company).

 (b) Upon termination of the Executive’s employment with the Company for any reason, the Executive shall promptly deliver to the
Company all correspondence, drawings, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial documents, or any other documents concerning the Company’s customers, business plans, marketing strategies, products or
processes and/or which contain proprietary information or trade secrets. 
 (c) The Executive may respond to a lawful and valid subpoena or
other legal process but shall give the Company the earliest possible notice thereof, shall, as much in advance of the return date as possible, make available to the Company and its counsel the documents and other information sought and shall assist
such counsel in resisting or otherwise responding to such process. 
 9. Injunctive Relief. It is recognized and acknowledged by the Executive that a
breach of the covenants contained in Sections 7 and 8 will cause irreparable damage to the Company and its goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the remedies at law for any such breach will be
inadequate. Accordingly, the Executive agrees that in the event of a breach of any of the covenants contained in Sections 7 and 8, in addition to any other remedy which may be available at law or in equity, the Company shall be entitled to specific
performance and injunctive relief. 
 10. Survival. The expiration or termination of the Term shall not impair the rights or obligations of any party
hereto which shall have accrued hereunder prior to such expiration. 
 11. Binding on Successors. This Agreement shall be binding upon and inure to
the benefit of the Company, the Executive and their respective successors, assigns, personnel and legal representatives, executors, administrators, heirs, distributees, devisees, and legatees, as applicable. 
 12. Governing Law. This Agreement shall be governed, construed, interpreted and enforced in accordance with the substantive laws of the State of Ohio. 

13. Validity. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement, which shall remain in full force and effect. 
 14. Notices. Any notice, request, claim, demand, document or other
communication hereunder to any party shall be effective upon receipt (or refusal of receipt) and shall be in writing and delivered personally or sent by telex, telecopy, or certified or registered mail, postage prepaid, as follows: 
 (a) If to the Company, to: 
 TransDigm Group
Incorporated 
 The Tower at Erieview 
 1301 E. 9th Street, Suite 3710 
 Cleveland, Ohio 44114 
 Attention: W. Nicholas Howley, CEO and Chairman 
  

 6 

 (b) If to the Executive, to him at the address set forth below under his signature; 
 or at any other address as any party shall have specified by notice in writing to the other party in accordance with this Section 14.

 15. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original, but all of which
together shall constitute one and the same agreement. 
 16. Entire Agreement; Prior Employment Agreement. The terms of this Agreement, together with
the Equity Compensation Agreements are intended by the parties to be the final expression of their agreement with respect to the employment of the Executive by the Company and may not be contradicted by evidence of any prior or contemporaneous
agreement. The parties further intend that this Agreement, and the aforementioned contemporaneous documents, shall constitute the complete and exclusive statement of its terms and that no extrinsic evidence whatsoever may be introduced in any
judicial, administrative, or other legal proceeding to vary the terms of this Agreement. 
 17. Amendments; Waivers. This Agreement may not be
modified, amended, or terminated except by an instrument in writing, signed by the Executive and the Chief Executive Officer. By an instrument in writing similarly executed, the Executive or the Company may waive compliance by the other party or
parties with any provision of this Agreement that such other party was or is obligated to comply with or perform; provided, however, that such waiver shall not operate as a waiver of, or estoppel with respect to, any other or subsequent failure. No
failure to exercise and no delay in exercising any right, remedy or power hereunder shall preclude any other or further exercise of any other right, remedy or power provided herein or by law or in equity. 
 18. No Inconsistent Actions. The parties hereto shall not voluntarily undertake or fail to undertake any action or course of action inconsistent with the
provisions or essential intent of this Agreement. Furthermore, it is the intent of the parties hereto to act in a fair and reasonable manner with respect to the interpretation and application of the provisions of this Agreement. 
 19. Arbitration. Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration, conducted before a
panel of three arbitrators in Cleveland, Ohio, in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitrator’s award in any court having jurisdiction; provided,
however, that the Company shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any continuation of any violation of the provisions of Section 7 or 8 of this Agreement and the
Executive hereby consents that such restraining order or injunction may be granted without the necessity of the Company’s posting any bond; and provided further, that the Executive shall be entitled to seek specific performance of his
right to be paid until the Date of Termination during the pendency of any dispute or controversy arising under or in connection with this Agreement. Each of the parties hereto shall bear its share of the fees and expenses of any arbitration
hereunder. 
 20. Indemnification and Insurance; Legal Expenses. During the Term and so long as the Executive has not breached any of his obligations
set forth in Sections 7 and 8, the Company shall indemnify the Executive to the fullest extent permitted by the laws of the State of Delaware, as in effect at the time of the subject act or omission, and shall advance to the Executive reasonable
attorneys’ fees and expenses as such fees and expenses are incurred (subject to an undertaking from the Executive to repay such advances if it shall be finally determined by a judicial decision which is not subject to further appeal that the
Executive was not entitled to the reimbursement of such fees and expenses) and he shall be entitled to the protection of any insurance policies the Company shall elect to maintain generally for the benefit of its directors and officers
(“Directors and Officers Insurance”) against all costs, charges and expenses incurred or sustained by him in connection with any action, suit or proceeding to which he may be made a party by reason of his being or having been a director,
officer or employee of the Company or any of its 

  

 7 

 
subsidiaries or his serving or having served any other enterprise as a director, officer or employee at the request of the Company (other than any dispute,
claim or controversy arising under or relating to this Agreement). The Company covenants to maintain during the Term for the benefit of the Executive (in his capacity as an officer and director of the Company) Directors and Officers Insurance
providing customary benefits to the Executive. 
 (SIGNATURE PAGE FOLLOWS) 
  

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 IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above written. 
  

			
	TRANSDIGM GROUP INCORPORATED
		
	By:	 	 /s/ W. Nicholas Howley

	Name:	 	W. Nicholas Howley
	Title:	 	Chief Executive Officer
	
	EXECUTIVE
	
	 /s/ Gregory Rufus

	Gregory Rufus

  

 9

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