operational covenants.
The above summary of the Revolving Credit Agreement is qualified in its entirety by reference to the full text of the Revolving Credit Agreement, a complete copy of which is attached hereto as Exhibit 10.1 and is hereby incorporated by reference.
Amended and Restated Term Loan Credit Agreement On September 17, 2009, the Corporation, as borrower, entered into an Amended and Restated Term Loan Credit Agreement (the "Term Loan Credit Agreement") with Bank of America and The Bank of Nova Scotia, as Co-Administrative Agents, Bank of America, as Administrator and Collateral Agent and the lenders signatory thereto (such lenders collectively, the "Term Loan Lenders"). The Term Loan Credit Agreement was originally entered into on October 29, 2008, and is in addition to the Company's new Revolving Credit Agreement, discussed above.
The terms of the Term Loan Credit Agreement, as amended, now include the following:
1) Term Loan: A $50 million facility (original principal amount as of October 29, 2008) with a term expiring on October 29, 2012, including quarterly payments of principal (which commenced on March 31, 2009) at the rate of 2.5% with 62.5% of the initial aggregate principal payable in the final quarter.
2) Interest Rates. Interest rates are determined on the basis of a base rate and an applicable margin based on the Corporation's credit rating from Standard & Poor's.
3) Increase Option: Provisions permitting the Corporation from time to time to incur, on no more than two occasions, up to $50 million in aggregate amount of additional term loans with additional commitments from the Term Loan Lenders, as they may agree, or new commitments from financial institutions acceptable to the Co-Administrative Agents and the Corporation in their reasonable discretion, and otherwise on terms satisfactory to the Term Loan Lenders.
4) Prepayment: Provisions permitting the Corporation to prepay borrowings in whole or in part at any time without premium or penalty, subject to reimbursement of certain Term Loan Lender costs, and otherwise on substantially the same terms as the Revolving Credit Agreement.
5) Company Covenants: Provisions containing covenants required of the Corporation and its subsidiaries including various affirmative and negative financial and operational covenants, which are the same as those in place under the Revolving Credit Agreement. The above summary of the Term Loan Credit Agreement is qualified in its entirety by reference to the full text of the Term Loan Credit Agreement, a complete copy of which is attached hereto as Exhibit 10.2 and is hereby incorporated by reference.

Security Agreement
On September 17, 2009, the Corporation and the Guarantors entered into a Security Agreement with Bank of America, as Collateral Agent, to secure the performance of all payment and other obligations of the Corporation and the Guarantors under each of the Revolving Credit Agreement and the Term Loan Credit Agreement, and the loan documents related to each such Credit Agreement. Under the Security Agreement, the Corporation and each of the Guarantors have granted to the Collateral Agent, for the benefit of the Secured Parties as defined in each Credit Agreement, a lien upon and first priority security interest in (and pledge and assignment of), substantially all of the assets and property of the Corporation and each of the Guarantors, now owned or hereafter acquired, wherever located, other than real property (collectively, the "Collateral"), subject to certain specific limitations.
The Collateral also includes: (i) all equity interests held by the Corporation and each Guarantor in their respective domestic subsidiaries;
(ii) 66 % of the equity interests held by the Corporation and each Guarantor in their respective first tier foreign subsidiaries, and (iii) certain specified patents, patent rights and trademarks, service marks and trademark and service mark rights and copyrights owned by the Corporation and the Guarantors, but excludes certain equipment for sale acquired by the Corporation pursuant to the Corporation's Settlement Deed with the Commonwealth of Australia, dated March 12, 2008, as amended. The Security Agreement shall terminate upon satisfaction in full of all payment and other obligations (excluding any obligation with respect to certain cash management agreements, secured hedge agreements or secured lines) under the Revolving Credit Agreement and the Term Loan Credit Agreement (and other loan documents related thereto). The above summary of the Security Agreement is qualified in its entirety by reference to the full text of the Security Agreement, a complete copy of which is attached hereto as Exhibit 10.3 and is hereby incorporated by reference.
Intercreditor Agreement
On September 17, 2009, Bank of America, as Administrator under the Revolving Credit Agreement, as Administrator under the Term Loan Credit Agreement and as Collateral Agent, entered into an intercreditor agreement (the "Intercreditor Agreement"), acknowledged by the Corporation and each of the Guarantors, pursuant to which the Revolving Loan Lenders, the Term Loan Lenders and the Collateral Agent have agreed to certain priorities for the payment of the obligations under the Revolving Credit Agreement and the Term Loan Credit Agreement under certain circumstances.
The above summary of the Intercreditor Agreement is qualified in its entirety by reference to the full text of the Intercreditor Agreement, a complete copy of which is attached hereto as Exhibit 10.4 and is hereby incorporated by reference.
The Company maintains a variety of relationships with a number of the lenders that are parties to the Revolving Credit Agreement and the Term Loan Credit Agreement, including

comprehensive banking services that involve the majority of the Corporation's treasury receipt and disbursement operations, foreign currency borrowing arrangements, letter of credit and foreign exchange needs, corporate purchase card services, as well as master trust and investment advisory services for a portion of the Kaman Corporation Employees' Pension Plan.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The descriptions of the Revolving Credit Agreement, the Term Loan Credit Agreement, the Security Agreement and the Intercreditor Agreement set forth under Item 1.01 above are hereby incorporated by reference in their entirety into this Item 2.03.
Item 8.01 Other Events
On September 18, 2009, the Corporation issued a press release announcing the entry into the Revolving Credit Agreement, the Term Loan Credit Agreement, the Security Agreement and the Intercreditor Agreement. A copy of the Corporation's September 18, 2009 press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.

10.1     Revolving Credit Agreement dated as of September 17, 2009 by and among
         the Corporation, Bank of America, N.A. and The Bank of Nova Scotia, as
         Co-Administrative Agents, Bank of America, N.A., as Administrator and
         Collateral Agent, RBS Citizens, National Association, as Syndication
         Agent, and various Lenders signatory thereto.

10.2     Amended and Restated Term Loan Credit Agreement dated as of September
         17, 2009 by and among the Corporation, Bank of America, N.A. and The
         Bank of Nova Scotia, as Co-Administrative Agents, Bank of America, N.A.,
         as Administrator and Collateral Agent, and various Lenders signatory
         thereto.

10.3     Security Agreement dated as of September 17, 2009 by and among the
         Corporation, the Domestic Subsidiary Guarantors (as defined in the
         Revolving Credit Agreement) and Bank of America, N.A., as Collateral
         Agent.

10.4     Intercreditor Agreement dated as of September 17, 2009 by and among Bank
         of America, N.A., as Collateral Agent, Bank of America, N.A., as
         Revolving Loan Administrator, and Bank of America, N.A., as Term Loan
         Administrator, and acknowledged and agreed to by the Corporation and
         certain subsidiaries of the Corporation signatory thereto.

99.1     Press Release of the Corporation dated September 18, 2009.