Document:

Unassociated Document

    
      
         

        
          
            	
                    HEICO
      Corporation

                      Leadership
      Compensation Plan

                      
                        Plan
      Document

                      

                    

                  	
                    Exhibit
      10.1

                  

          

        

      

      
        

        

      

       

      Effective
October 1, 2006; (As Re-amended and Restated, effective January 1,
2009)

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      HEICO
Corporation 

      
        Leadership
Compensation Plan

        
          Plan
Document

          
            

            

          

        

      

       

      TABLE
OF CONTENTS

      

        
          	 
      	 
      	
                  Page

                
	 
      	 
      	 
      
	
                  ARTICLE
      1

                	
                  Definitions

                	
                  1

                
	 
      	 
      	 
      
	
                  ARTICLE
      2

                	
                  Selection,
      Enrollment, Eligibility

                	
                  7

                
	
                  2.1

                	
                  Selection
      by Committee

                	
                  7

                
	
                  2.2

                	
                  Enrollment
      and Eligibility Requirements; Commencement of
    Participation.

                	
                  7

                
	 
      	 
      	 
      
	
                  ARTICLE
      3

                	
                  Deferral
      Commitments/Company Contribution Amounts/ Company Matching Amounts/
      Vesting/Crediting/Taxes

                	
                  8

                
	
                  3.1

                	
                  Minimum
      Deferrals.

                	
                  8

                
	
                  3.2

                	
                  Maximum
      Deferral.

                	
                  8

                
	
                  3.3

                	
                  Election
      to Defer; Effect of Election Form.

                	
                  9

                
	
                  3.4

                	
                  Withholding
      and Crediting of Annual Deferral Amounts

                	
                  10

                
	
                  3.5

                	
                  Company
      Contribution Amount.

                	
                  11

                
	
                  3.6

                	
                  Company
      Matching Amount

                	
                  11

                
	
                  3.7

                	
                  Crediting
      of Amounts after Benefit Distribution

                	
                  11

                
	
                  3.8

                	
                  Vesting.

                	
                  11

                
	
                  3.9

                	
                  Crediting/Debiting
      of Account Balances

                	
                  13

                
	
                  3.10

                	
                  FICA
      and Other Taxes.

                	
                  15

                
	 
      	 
      	 
      
	
                  ARTICLE
      4

                	
                  Scheduled
      Distribution; Unforeseeable Emergencies

                	
                  16

                
	
                  4.1

                	
                  Scheduled
      Distribution

                	
                  16

                
	
                  4.2

                	
                  Postponing
      Scheduled Distributions

                	
                  17

                
	
                  4.3

                	
                  Other
      Benefits Take Precedence Over Scheduled Distributions

                	
                  17

                
	
                  4.4

                	
                  Unforeseeable
      Emergencies.

                	
                  17

                
	 
      	 
      	 
      
	
                  ARTICLE
      5

                	
                  Change
      in Control Benefit

                	
                  18

                
	
                  5.1

                	
                  Change
      in Control Benefit

                	
                  18

                
	
                  5.2

                	
                  Payment
      of Change in Control Benefit

                	
                  18

                
	 
      	 
      	 
      
	
                  ARTICLE
      6

                	
                  Retirement
      Benefit

                	
                  18

                
	
                  6.1

                	
                  Retirement
      Benefit

                	
                  18

                
	
                  6.2

                	
                  Payment
      of Retirement Benefit.

                	
                  18

                
	 
      	 
      	 
      
	
                  ARTICLE
      7

                	
                  Termination
      Benefit

                	
                  19

                
	
                  7.1

                	
                  Termination
      Benefit

                	
                  19

                
	
                  7.2

                	
                  Payment
      of Termination Benefit

                	
                  19

                
	 
      	 
      	 
      
	
                  ARTICLE
      8

                	
                  Disability
      Benefit

                	
                  20

                
	
                  8.1

                	
                  Disability
      Benefit

                	
                  20

                
	
                  8.2

                	
                  Payment
      of Disability Benefit

                	
                  20

                
	 
      	 
      	 
      
	
                  ARTICLE
      9

                	
                  Death
      Benefit

                	
                  20

                

        

         

        
          
            -i-

          

          
            
            

            
              

            

          

          
            
            

          

        

        
          HEICO
Corporation 

          
            Leadership
Compensation Plan

            
              Plan
Document

              
                

                

              

            

          

        

         

        
          	
                  9.1

                	
                  Death
      Benefit

                	
                  20

                
	
                  9.2

                	
                  Payment
      of Death Benefit

                	
                  20

                
	 
      	 
      	 
      
	
                  ARTICLE
      10

                	
                  Beneficiary
      Designation

                	
                  20

                
	
                  10.1

                	
                  Beneficiary

                	
                  20

                
	
                  10.2

                	
                  Beneficiary
      Designation; Change; Spousal Consent

                	
                  20

                
	
                  10.3

                	
                  Acknowledgment

                	
                  21

                
	
                  10.4

                	
                  No
      Beneficiary Designation

                	
                  21

                
	
                  10.5

                	
                  Doubt
      as to Beneficiary

                	
                  21

                
	
                  10.6

                	
                  Discharge
      of Obligations

                	
                  21

                
	 
      	 
      	 
      
	
                  ARTICLE
      11

                	
                  Leave
      of Absence

                	
                  21

                
	
                  11.1

                	
                  Paid
      Leave of Absence

                	
                  21

                
	
                  11.2

                	
                  Unpaid
      Leave of Absence

                	
                  21

                
	
                  11.3

                	
                  Leaves
      Resulting in Separation from Service

                	
                  21

                
	 
      	 
      	 
      
	
                  ARTICLE
      12

                	
                  Termination
      of Plan, Amendment or Modification

                	
                  22

                
	
                  12.1

                	
                  Termination
      of Plan

                	
                  22

                
	
                  12.2

                	
                  Amendment.

                	
                  22

                
	
                  12.3

                	
                  Plan
      Agreement

                	
                  23

                
	
                  12.4

                	
                  Effect
      of Payment

                	
                  23

                
	 
      	 
      	 
      
	
                  ARTICLE
      13

                	
                  Administration

                	
                  23

                
	
                  13.1

                	
                  Committee
      Duties

                	
                  23

                
	
                  13.2

                	
                  Administration
      Upon Change In Control

                	
                  23

                
	
                  13.3

                	
                  Agents

                	
                  24

                
	
                  13.4

                	
                  Binding
      Effect of Decisions

                	
                  24

                
	
                  13.5

                	
                  Indemnity
      of Committee

                	
                  24

                
	
                  13.6

                	
                  Employer
      Information

                	
                  24

                
	
                  13.7

                	
                  Receipts
      and Release

                	
                  24

                
	 
      	 
      	 
      
	
                  ARTICLE
      14

                	
                  Other
      Benefits and Agreements

                	
                  24

                
	
                  14.1

                	
                  Coordination
      with Other Benefits

                	
                  24

                
	 
      	 
      	 
      
	
                  ARTICLE
      15

                	
                  Claims
      Procedures

                	
                  24

                
	
                  15.1

                	
                  Presentation
      of Claim

                	
                  24

                
	
                  15.2

                	
                  Notification
      of Decision

                	
                  25

                
	
                  15.3

                	
                  Review
      of a Denied Claim

                	
                  25

                
	
                  15.4

                	
                  Decision
      on Review

                	
                  26

                
	
                  15.5

                	
                  Legal
      Action

                	
                  26

                
	 
      	 
      	 
      
	
                  ARTICLE
      16

                	
                  Trust

                	
                  26

                
	
                  16.1

                	
                  Establishment
      of the Trust

                	
                  26

                
	
                  16.2

                	
                  Interrelationship
      of the Plan and the Trust

                	
                  26

                
	
                  16.3

                	
                  Distributions
      From the Trust

                	
                  27

                

        

         

        
          
            -ii-

          

          
            
            

            
              

            

          

          
            
            

          

        

        
          HEICO
Corporation 

          
            Leadership
Compensation Plan

            
              Plan
Document

              
                

                

              

            

          

        

         

        
          	
                  ARTICLE
      17

                	
                  Miscellaneous

                	
                  27

                
	
                  17.1

                	
                  Status
      of Plan

                	
                  27

                
	
                  17.2

                	
                  Unsecured
      General Creditor

                	
                  27

                
	
                  17.3

                	
                  Employer’s
      Liability

                	
                  27

                
	
                  17.4

                	
                  Nonassignability

                	
                  27

                
	
                  17.5

                	
                  Not
      a Contract of Employment

                	
                  27

                
	
                  17.6

                	
                  Furnishing
      Information

                	
                  28

                
	
                  17.7

                	
                  Terms

                	
                  28

                
	
                  17.8

                	
                  Captions

                	
                  28

                
	
                  17.9

                	
                  Governing
      Law

                	
                  28

                
	
                  17.10

                	
                  Notice

                	
                  28

                
	
                  17.11

                	
                  Successors

                	
                  28

                
	
                  17.12

                	
                  Spouse’s
      Interest

                	
                  28

                
	
                  17.13

                	
                  Validity

                	
                  29

                
	
                  17.14

                	
                  Incompetent

                	
                  29

                
	
                  17.15

                	
                  Court
      Order

                	
                  29

                
	
                  17.16

                	
                  Distribution
      in the Event of Income Inclusion Under 409A

                	
                  29

                
	
                  17.17

                	
                  Deduction
      Limitation on Benefit Payments

                	
                  29

                
	
                  17.18

                	
                  Insurance

                	
                  30

                

        

        
          
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        HEICO
Corporation 

        
          Leadership
Compensation Plan

          
            Plan
Document

            
              

              

            

          

        

         

      

      Purpose

       

      The
purpose of the HEICO Corporation Leadership Compensation Plan is to provide
specified benefits to Directors and a select group of management or highly
compensated Employees who contribute materially to the continued growth,
development and future business success of HEICO Corporation, a Florida
corporation, and its subsidiaries, if any, that sponsor this
Plan.  This Plan shall be unfunded for tax purposes and for purposes
of Title I of ERISA.  This Plan is also intended to comply with all
applicable law, including Code Section 409A and related Treasury guidance and
Regulations, and shall be operated and interpreted in accordance with this
intention.

       

      ARTICLE
1

      Definitions

       

      For the
purposes of this Plan, unless otherwise clearly apparent from the context, the
following phrases or terms shall have the following indicated
meanings:

       

      
        	
                1.1

              	
                “Account Balance” shall
      mean, with respect to a Participant, an entry on the records of the
      Employer equal to the sum of the Participant’s Annual
      Accounts.  The Account Balance shall be a bookkeeping entry only
      and shall be utilized solely as a device for the measurement and
      determination of the amounts to be paid to a Participant, or his or her
      designated Beneficiary, pursuant to this
Plan.

              

      

       

      
        	
                1.2

              	
                “Annual Account” shall
      mean, with respect to a Participant, an entry on the records of the
      Employer equal to the following amount: (i) the sum of the
      Participant’s Annual Deferral Amount, Company Contribution Amount and
      Company Matching Amount for any one Plan Year or Fiscal Year, as
      applicable, plus (ii) amounts credited or debited to such amounts pursuant
      to this Plan, less (iii) all distributions made to the Participant or his
      or her Beneficiary pursuant to this Plan that relate to the Annual Account
      for such Plan Year.  The Annual Account shall be a bookkeeping
      entry only and shall be utilized solely as a device for the measurement
      and determination of the amounts to be paid to a Participant, or his or
      her designated Beneficiary, pursuant to this
  Plan.

              

      

       

      
        	
                1.3

              	
                “Annual Deferral Amount”
      shall mean (i) that portion of a Participant’s Base Salary and other
      compensation that does not qualify as Fiscal Year Compensation that a
      Participant defers in accordance with Article 3 for any one Plan Year,
      without regard to whether such amounts are withheld and credited during
      such Plan Year, and (ii) that portion of the Participant’s compensation
      that qualifies as Fiscal Year Compensation that a Participant defers in
      accordance with Article 3 for any Fiscal Year, without regard to whether
      such amounts are withheld and credited during such Fiscal
      Year.  In the event of a Participant’s Disability or death prior
      to the end of a Plan Year, such year’s Annual Deferral Amount shall be the
      actual amount withheld prior to that
event.

              

        
          
             

          

          
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      HEICO
Corporation 

      
        Leadership
Compensation Plan

        
          Plan
Document

          
            

            

          

        

      

       

      
        	
                1.4

              	
                “Annual Installment
      Method” shall be an annual installment payment over the number of
      years selected by the Participant in accordance
      with this Plan, calculated as follows: (i) for the first annual
      installment, the vested portion of each Annual Account shall be calculated
      as of the close of business on or around the Participant’s
      Benefit Distribution Date, as determined by the Committee in its sole
      discretion, and (ii) for
      remaining annual installments, the vested portion of each applicable
      Annual Account shall be calculated on every anniversary of such
      calculation date, as applicable.  Each annual installment shall
      be calculated by multiplying this balance by a fraction, the numerator of
      which is one and the denominator of which is the remaining number of
      annual payments due to the Participant.  By way of example, if
      the Participant elects a ten (10) year Annual Installment Method as the
      form of Retirement Benefit for an Annual Account, the first payment shall
      be 1/10 of the vested balance of such Annual Account, calculated as
      described in this definition.  The following year, the payment
      shall be 1/9 of the vested balance of such Annual Account, calculated as
      described in this definition.

              

      

       

      
        	
                1.5

              	
                “Base Salary” shall mean
      the annual cash compensation relating to services performed during any
      Plan Year, excluding distributions from nonqualified deferred compensation
      plans, bonuses, commissions, overtime, fringe benefits, stock options,
      relocation expenses, incentive payments, non-monetary awards, director
      fees and other fees, and automobile and other allowances paid to a
      Participant for employment services rendered (whether or not such
      allowances are included in the Employee’s gross income).  Base
      Salary shall be calculated before reduction for compensation voluntarily
      deferred or contributed by the Participant pursuant to all qualified or
      nonqualified plans of any Employer and shall be calculated to include
      amounts not otherwise included in the Participant’s gross income under
      Code Sections 125, 402(e)(3), 402(h), or 403(b) pursuant to plans
      established by any Employer; provided, however, that all such amounts will
      be included in compensation only to the extent that had there been no such
      plan, the amount would have been payable in cash to the
      Employee.

              

      

       

      
        	
                1.6

              	
                “Beneficiary” shall mean
      one or more persons, trusts, estates or other entities, designated in
      accordance with Article 10, that are entitled to receive benefits
      under this Plan upon the death of a
Participant.

              

      

       

      
        	
                1.7

              	
                “Beneficiary Designation
      Form” shall mean the form established from time to time by the
      Committee that a Participant completes, signs and returns to the Committee
      to designate one or more
Beneficiaries.

              

      

       

      
        	
                1.8

              	
                “Benefit Distribution
      Date” shall mean a date that triggers distribution of a
      Participant’s vested benefits.  A Benefit Distribution Date for
      a Participant shall be determined upon the occurrence of any one of the
      following:

              

      

       

      
        	
                 
      

              	
                (a)

              	
                If
      the Participant Retires, the Benefit Distribution Date for his or her
      vested Account Balance shall be the last day of the six-month period
      immediately following the date on which the Participant Retires; provided,
      however, in the event the Participant changes the Retirement Benefit
      election for one or more Annual Accounts in accordance with Section
      6.2(b), the Benefit Distribution Date for such Annual Account(s) shall be
      postponed in accordance with such section 6.2(b);
  or

              

        
          
             

          

          
            -2-

            
              

            

          

          
             

          

        

      

      HEICO
Corporation 

      
        Leadership
Compensation Plan

        
          Plan
Document

          
            

            

          

        

      

       

      
        	
                 
      

              	
                (b)

              	
                If
      the Participant experiences a Termination of Employment, the Benefit
      Distribution Date for his or her vested Account Balance shall be the last
      day of the six-month period immediately following the date on which the
      Participant experiences a Termination of Employment;
  or

              

      

       

      
        	
                 
      

              	
                (c)

              	
                If
      the Participant dies prior to the complete distribution of his or her
      vested Account Balance, the Participant’s Benefit Distribution Date shall
      be the date on which the Committee is provided with proof that is
      satisfactory to the Committee of the Participant’s death;
    or

              

      

       

      
        	
                 
      

              	
                (d)

              	
                If
      the Participant becomes Disabled, the Participant’s Benefit Distribution
      Date shall be the date on which the Participant becomes Disabled;
      or

              

      

       

      
        	
                 
      

              	
                (e)

              	
                If
      (i) a Change in Control occurs prior to the Participant’s Termination of
      Employment, Retirement, death or Disability, and (ii) the Participant has
      elected to receive a Change in Control Benefit, as set forth in Section
      5.1 below, the Participant’s Benefit Distribution Date shall be the date
      on which the Company experiences a Change in Control, as determined by the
      Committee in its sole discretion.

              

      

       

      
        	
                1.9

              	
                “Board” shall mean the
      board of directors of the Company.

              

      

       

      
        	
                1.10

              	
                “Bonus” shall mean any
      compensation, in addition to Base Salary, Commissions and LTIP Amounts,
      earned by a Participant for services rendered during a Plan Year or Fiscal
      Year, as applicable, under any Employer’s annual bonus and cash incentive
      plans.

              

      

       

      
        	
                1.11

              	
                “Change in Control” shall
      mean any “change in control event” as defined in accordance with Code
      Section 409A and related Treasury guidance and
  Regulations.

              

      

       

      
        	
                1.12

              	
                “Change in Control
      Benefit” shall have the meaning set forth in Article
    5.

              

      

       

      
        	
                1.13

              	
                “Claimant” shall have the
      meaning set forth in
Section 15.1.

              

      

       

      
        	
                1.14

              	
                “Code” shall mean the
      Internal Revenue Code of 1986, as it may be amended from time to
      time.

              

      

       

      
        	
                1.15

              	
                “Commissions” shall mean
      the cash commissions earned by a Participant from any Employer for
      services rendered during a Plan Year, excluding Bonus, LTIP Amounts or
      other additional incentives or awards earned by the
      Participant.

              

      

       

      
        	
                1.16

              	
                “Committee” shall mean
      the committee described in
Article 13.

              

      

       

      
        	
                1.17

              	
                “Company” shall mean
      HEICO Corporation, a Florida corporation, and any successor to all or
      substantially all of the Company’s assets or
  business.

              

      

       

      
        	
                1.18

              	
                “Company Contribution
      Amount” shall mean, for any one Fiscal Year, the amount determined
      in accordance with Section 3.5.

              

        
          
             

          

          
            -3-

            
              

            

          

          
             

          

        

      

      HEICO
Corporation 

      
        Leadership
Compensation Plan

        
          Plan
Document

          
            

            

          

        

      

       

      
        	
                1.19

              	
                “Company Matching Amount”
      shall mean, for any one Plan Year, the amount determined in accordance
      with Section 3.6.

              

      

       

      
        	
                1.20

              	
                “Death Benefit” shall
      mean the benefit set forth in
Article 9.

              

      

       

      
        	
                1.21

              	
                “Director” shall mean any
      member of the board of directors of any
  Employer.

              

      

       

      
        	
                1.22

              	
                “Director Fees” shall
      mean the annual fees earned by a Director from any Employer, including
      retainer fees and meetings fees, as compensation for serving on the board
      of directors.

              

      

       

      
        	
                1.23

              	
                “Disability” or “Disabled” shall mean
      that a Participant is (i) unable 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 12 months, or (ii) 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 12 months, receiving income replacement benefits
      for a period of not less than 3 months under an accident or health plan
      covering employees of the Participant’s Employer.  For purposes
      of this Plan, a Participant shall be deemed Disabled if determined to be
      totally disabled by the Social Security Administration, or if determined
      to be disabled in accordance with the applicable disability insurance
      program of such Participant’s Employer, provided that the definition of
      “disability” applied under such disability insurance program complies with
      the requirements in the preceding
sentence.

              

      

       

      
        	
                1.24

              	
                “Disability Benefit”
      shall mean the benefit set forth in
  Article 8.

              

      

       

      
        	
                1.25

              	
                “Election Form” shall
      mean the form, which may be in electronic format, established from time to
      time by the Committee that a Participant completes, signs and returns to
      the Committee to make an election under the
  Plan.

              

      

       

      
        	
                1.26

              	
                “Employee” shall mean a
      person who is an employee of any
Employer.

              

      

       

      
        	
                1.27

              	
                “Employer(s)” shall mean
      the Company and/or any of its subsidiaries (now in existence or hereafter
      formed or acquired) that have been selected by the Board to participate in
      the Plan and have adopted the Plan as a
sponsor.

              

      

       

      
        	
                1.28

              	
                “ERISA” shall mean the
      Employee Retirement Income Security Act of 1974, as it may be amended from
      time to time.

              

      

       

      
        	
                1.29

              	
                “First Plan Year” shall
      mean the period beginning October 1, 2006 and ending October 31,
      2006.

              

      

       

      
        	
                1.30

              	
                “Fiscal Year” shall mean
      the taxable year of the Employer, beginning on November 1 of each year and
      continuing through October 31 of the following
  year.

              

      

       

      
        	
                1.31

              	
                “Fiscal Year
      Compensation” shall mean compensation relating to a period of
      service co-extensive with one or more consecutive Fiscal Years, of which
      no amount is paid or payable

              

        
          
             

          

          
            -4-

            
              

            

          

          
             

          

        

      

      HEICO
Corporation 

      
        Leadership
Compensation Plan

        
          Plan
Document

          
            

            

          

        

      

       

      
        	
                 
      

              	
                during
      the Fiscal Year or Years constituting the period of service, or which
      otherwise qualifies as “fiscal year compensation” under Treasury
      Regulations Section 1.409A-2(a)(6).

              

      

       

      
        	
                1.32

              	
                “401(k) Plan” shall mean,
      with respect to an Employer, a plan qualified under Code Section 401(a)
      that contains a cash or deferral arrangement described in Code Section
      401(k), adopted by the Employer, as it may be amended from time to time,
      or any successor thereto.

              

      

       

      
        	
                1.33

              	
                “LTIP Amounts” shall mean
      any portion of the compensation that is earned by a Participant as an
      Employee under any Employer’s long-term incentive plan or any other
      long-term incentive arrangement designated by the
    Committee.

              

      

       

      
        	
                1.34

              	
                “Participant” shall mean
      any Employee or Director (i) who is selected to participate in the
      Plan, (ii) who submits an executed Plan Agreement, Election Form and
      Beneficiary Designation Form, which are accepted by the Committee, and
      (iii) whose Plan Agreement has not
terminated.

              

      

       

      
        	
                1.35

              	
                “Plan” shall mean the
      HEICO Leadership Compensation Plan, which shall be evidenced by this
      instrument and by each Plan Agreement, as they may be amended from time to
      time.

              

      

       

      
        	
                1.36

              	
                “Plan Agreement” shall
      mean a written agreement, as may be amended from time to time, which is
      entered into by and between an Employer and a Participant.  Each
      Plan Agreement executed by a Participant and the Participant’s Employer
      shall provide for the entire benefit to which such Participant is entitled
      under the Plan; should there be more than one Plan Agreement, the Plan
      Agreement bearing the latest date of acceptance by the Employer shall
      supersede all previous Plan Agreements in their entirety and shall govern
      such entitlement.  The terms of any Plan Agreement may be
      different for any Participant, and any Plan Agreement may provide
      additional benefits not set forth in the Plan or limit the benefits
      otherwise provided under the Plan; provided, however, that any such
      additional benefits or benefit limitations must be agreed to by both the
      Employer and the Participant.

              

      

       

      
        	
                1.37

              	
                “Plan Year” shall, except
      for the First Plan Year, mean the period beginning on January 1 of each
      year and continuing through December 31 of the same
  year.

              

      

       

      
        	
                1.38

              	
                “Retirement”, “Retire(s)” or “Retired” shall mean,
      with respect to an Employee, A Separation from Service with all Employers
      for any reason other than death or Disability, as determined in accordance
      with Code Section 409A and related Treasury guidance and Regulations, on
      or after the earlier of the attainment of (a) age sixty-five (65) or (b)
      age fifty-five (55) with ten (10) Years of Service; and shall mean with
      respect to a Director who is not an Employee, Separation from Service as a
      Director.  If a Participant is both an Employee and a Director,
      and does not have benefits under this Plan (or a plan required
      to  be aggregated with this Plan) for services both as an
      Employee and a Director, the services provided as a Director are not taken
      into consideration in determining if the Participant has a Separation from
      Service as an Employee hereunder and the services as an Employee are not
      taken into consideration for purposes of determining if the Director has
      as Separation of Service as a
Director.

              

      

       

      
        	
                1.39

              	
                “Retirement Benefit”
      shall mean the benefit set forth in
  Article 6.

              

        
          
             

          

          
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      HEICO
Corporation 

      
        Leadership
Compensation Plan

        
          Plan
Document

          
            

            

          

        

      

       

      
        	
                1.40

              	
                “Scheduled Distribution”
      shall mean the distribution set forth in Section
  4.1.

              

      

       

      
        	
                1.41

              	
                “Separation from Service”
      shall have the meaning set forth in Code Section 409A(a)(2) and the
      regulations issued pursuant
thereto.

              

      

       

      
        	
                1.42

              	
                “Stock” shall mean HEICO
      Corporation common stock, $.01 par value, or any other equity securities
      designated by the Committee.

              

      

       

      
        	
                1.43

              	
                “Terminate the Plan”,
      “Termination of the
      Plan” shall mean a determination by an Employer’s board of
      directors that (i) all of its Participants shall no longer be eligible to
      participate in the Plan, (ii) no new deferral elections for such
      Participants shall be permitted, and (iii) such Participants shall no
      longer be eligible to be credited with any contributions under this
      Plan.

              

      

       

      
        	
                1.44

              	
                “Termination Benefit”
      shall mean the benefit set forth in
  Article 7.

              

      

       

      
        	
                1.45

              	
                “Termination of
      Employment” shall mean the Separation from Service, voluntarily or
      involuntarily, for any reason other than Retirement, Disability or death,
      as determined in accordance with Code Section 409A and related Treasury
      guidance and Regulations.  If a Participant is both an Employee
      and a Director and does not have benefits under this Plan (or a plan
      required to be aggregated with this Plan) for services both as an Employee
      and a Director, the services provided as a Director are not taken into
      consideration in determining if the Participant has a Termination of
      Employment as an Employee hereunder and the services as an Employee are
      not taken into consideration for purposes of determining if the Director
      has as Termination of Employment as a
Director.

              

      

       

      
        	
                1.46

              	
                “Trust” shall mean one or
      more trusts established by the Company in accordance with
      Article 16.

              

      

       

      
        	
                1.47

              	
                “Unforeseeable Emergency”
      shall mean a severe financial hardship of the Participant resulting from
      (i) an illness or accident of the Participant, the Participant’s spouse,
      or the Participant’s dependent (as defined in Code Section 152(a)), (ii) a
      loss of the Participant’s property due to casualty, or (iii) such other
      similar extraordinary and unforeseeable circumstances arising as a result
      of events beyond the control of the Participant, all as determined in the
      sole discretion of the Committee.

              

      

       

      
        	
                1.48

              	
                “Years of Service” shall
      mean the total number of full years in which a Participant has been
      employed by one or more Employers.  For purposes of this
      definition, a year of employment shall be a 365 day period (or 366 day
      period in the case of a leap year) that, for the first year of employment,
      commences on the Employee’s date of hiring and that, for any subsequent
      year, commences on an anniversary of that hiring date.  The
      Committee shall make a determination as to whether any partial year of
      employment shall be counted as a Year of
  Service.

              

        
          
             

          

          
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Corporation 

      
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          Plan
Document

          
            

            

          

        

      

       

      ARTICLE
2

      Selection, Enrollment,
Eligibility

       

      
        	
                2.1

              	
                Selection
      by Committee.  Participation in the Plan shall be limited
      to Directors and, as determined by the Committee in its sole discretion, a
      select group of management or highly compensated
      Employees.  From that group, the Committee shall select, in its
      sole discretion, those individuals who may actually participate in this
      Plan.

              

      

       

      
      

      
        	
                2.2

              	
                Enrollment
      and Eligibility Requirements; Commencement of
      Participation.

              

      

       

      
        	
                 
      

              	
                (a)

              	
                As
      a condition to participation, each Director or selected Employee who is
      eligible to participate in the Plan effective as of the first day of a
      Plan Year shall complete, execute and return to the Committee a Plan
      Agreement, an Election Form and a Beneficiary Designation Form, prior to
      the first day of such Plan Year, or such other earlier deadline as may be
      established by the Committee in its sole discretion.  In
      addition, the Committee shall establish from time to time such other
      enrollment requirements as it determines, in its sole discretion, are
      necessary.  With respect to the First Plan Year, each Director
      or selected Employee must complete these requirements within thirty (30)
      days of the date on which such Director or Employee becomes eligible to
      participate in the Plan.  Except as provided in Section 2.2(b)
      below, with respect to any Plan Year after the First Plan Year, each
      Director or selected Employee must complete these requirements prior to
      the first day of such Plan Year, or such other earlier deadline as may be
      established by the Committee in its sole discretion.  
  

              

      

       

      
        	
                 
      

              	
                (b)

              	
                To
      the extent permissible under Code Section 409A and related Treasury
      guidance or Regulations, a Director or selected Employee who first becomes
      eligible to participate in this Plan after the first day of a Plan Year
      must complete, execute and return to the Committee a Plan Agreement, an
      Election Form, and a Beneficiary Designation Form within thirty (30) days
      after he or she first becomes eligible to participate in the Plan, or
      within such other earlier deadline as may be established by the Committee,
      in its sole discretion, in order to participate for that Plan
      Year.  In such event, such person’s participation in this Plan
      shall not commence earlier than the date determined by the Committee
      pursuant to Section 2.2(c) and such person shall not be permitted to defer
      under this Plan any portion of his or her Base Salary, Bonus, LTIP
      Amounts, Commissions and/or Director Fees that are paid with respect to
      services performed prior to his or her participation commencement date,
      except to the extent permissible under Code Section 409A and related
      Treasury guidance or Regulations.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                Each
      Director or selected Employee who is eligible to participate in the Plan
      shall commence participation in the Plan on the date that the Committee
      determines, in its sole discretion, that the Director or Employee has met
      all enrollment requirements set forth in this Plan and required by the
      Committee, including returning all required documents to the Committee
      within the specified time period.  Notwithstanding the
      foregoing, the Committee shall process such Participant’s deferral
      election as soon as administratively practicable after such deferral
      election is submitted to and accepted by the
  Committee.

              

        
          
             

          

          
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        Leadership
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          Plan
Document

          
            

            

          

        

      

       

      
        	
                 
      

              	
                (d)

              	
                If
      a Director or an Employee fails to meet all requirements contained in this
      Section 2.2 within the period required, that Director or Employee
      shall not be eligible to participate in the Plan during such Plan
      Year.

              

      

       

      ARTICLE
3

      Deferral Commitments/Company
Contribution Amounts/

      Company Matching Amounts/
Vesting/Crediting/Taxes

       

      
        	
                3.1

              	
                Minimum
      Deferrals.

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Annual
      Deferral Amount.  For each Plan Year, or Fiscal Year, as
      applicable depending upon the service period to which such compensation
      relates, a Participant may elect to defer, as his or her Annual Deferral
      Amount, Base Salary, Bonus, Commissions, LTIP Amounts and/or Director Fees
      in the following minimum amounts for each deferral
  elected:

              

      

       

      
        	
                Deferral

              	
                Minimum
      Amount

              
	
                Base
      Salary, Bonus, Commissions and/or LTIP Amounts

              	
                $5,000
      aggregate

              
	
                Director
      Fees

              	
                $0

              

      

      

      If the
Committee determines, in its sole discretion, prior to the beginning of a Plan
Year, or Fiscal Year, as applicable depending upon the service period to which
such compensation relates, that a Participant has made an election for less than
the stated minimum amounts, or if no election is made, the amount deferred shall
be zero.

       

      
        	
                 
      

              	
                (b)

              	
                Short
      Plan Year.  Notwithstanding the foregoing, if a
      Participant first becomes a Participant after the first day of a Plan Year
      or Fiscal Year, as applicable depending upon the service period to which
      such compensation relates, the minimum Annual Deferral Amount shall be an
      amount equal to the minimum set forth above, multiplied by a fraction, the
      numerator of which is the number of complete days remaining in the service
      period to which such compensation relates and the denominator of which is
      the total number of days in the service period to which such compensation
      relates.

              

      

       

      
        	
                3.2

              	
                Maximum
      Deferral.

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Annual
      Deferral Amount.  For each Plan Year, or Fiscal Year, as
      applicable depending upon the service period to which such compensation
      relates, a Participant may elect to defer, as his or her Annual Deferral
      Amount, Base Salary, Bonus, Commissions, LTIP Amounts and/or Director Fees
      up to the following maximum percentages for each deferral
      elected:

              

        
          
             

          

          
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      HEICO
Corporation 

      
        Leadership
Compensation Plan

        
          Plan
Document

          
            

            

          

        

      

       

      
        	
                Deferral

              	
                Maximum
      Percentage

              
	
                Base
      Salary

              	
                100%

              
	
                Bonus

              	
                100%

              
	
                Commissions

              	
                100%

              
	
                LTIP
      Amounts

              	
                100%

              
	
                Director
      Fees

              	
                100%

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Short
      Plan Year.  Notwithstanding the foregoing, if a
      Participant first becomes a Participant after the first day of a Plan
      Year, or Fiscal Year, as applicable depending upon the service period to
      which such compensation relates, the maximum Annual Deferral Amount shall
      be limited to the amount of compensation not yet earned by the Participant
      as of the date the Participant submits a Plan Agreement and Election Form
      to the Committee for acceptance, except to the extent permissible under
      Code Section 409A and related Treasury guidance or
      Regulations.  For compensation that is earned based upon a
      specified performance period, the Participant’s deferral election will
      apply to the portion of such compensation that is equal to (i) the total
      amount of compensation for the performance period, multiplied by (ii) a
      fraction, the numerator of which is the number of days remaining in the
      service period after the Participant’s deferral election is made, and the
      denominator of which is the total number of days in the performance
      period.

              

      

       

      
        	
                3.3

              	
                Election
      to Defer; Effect of Election
Form.

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Initial
      Participation.  In connection with a Participant’s
      commencement of participation in the Plan, the Participant shall make an
      irrevocable election to defer Base Salary, Bonus, Commissions, Director
      Fees and LTIP Amounts for the Plan Year, or Fiscal Year, as applicable
      depending upon the service period to which such compensation relates, in
      which the Participant commences participation in the Plan, along with such
      other elections as the Committee deems necessary or desirable under the
      Plan.  For these elections to be valid, the Election Form must
      be completed and signed by the Participant, timely delivered to the
      Committee (in accordance with Section 2.2 above) and accepted by the
      Committee.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Deferral
      Elections.  A Participant may elect to defer Base Salary,
      Bonus, Commissions, Director Fees, and LTIP Amounts (but no other form of
      compensation), and make such other elections as the Committee deems
      necessary or desirable under the Plan by timely delivering a new Election
      Form to the Committee, in accordance with its rules and procedures, on or
      before each October 31.  The Participant’s deferral elections
      would apply to (i) deferrable compensation that qualifies as Fiscal Year
      Compensation earned for services rendered during the Fiscal Year that
      begins on the November 1 immediately following the date on which the
      election is made, and (ii) Base Salary and other deferrable compensation
      that does not qualify as Fiscal Year Compensation that is earned for
      services rendered during one or more Plan Years following the calendar
      year in which the election is made.  For purposes of this
      Section 3.3(b), the timing of the deferral election with respect to
      deferrable compensation that does not qualify as Fiscal
    Year

              

        
          
             

          

          
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          Plan
Document

          
            

            

          

        

      

       

      
        	
                 
      

              	
                Compensation
      because it relates to a period of service of less than one taxable year of
      the Employer, must be made on or before each October 31 of the calendar
      year immediately preceding the Plan Year in which the service period
      begins for compensation being
deferred.

              

      

       

      Any
deferral election(s) made in accordance with this Section 3.3(b) shall become
irrevocable unless modified or revoked on or before the October 31 by which the
election must be made to be effective with respect to the compensation subject
to the election; provided, however, that if the Committee requires Participants
to make a deferral election for “performance-based compensation” by the
deadline(s) described above, it may, in its sole discretion, and in accordance
with Code Section 409A and related Treasury guidance or Regulations, permit a
Participant to subsequently change his or her deferral election for such
compensation by submitting an Election Form to the Committee no later than the
deadline established by the Committee pursuant to Section 3.3(c)
below.

       

      
        	
                 
      

              	
                (c)

              	
                Performance-Based
      Compensation.
      Notwithstanding the foregoing, the Committee may, in its sole
      discretion, determine that an irrevocable deferral election pertaining to
      “performance-based compensation” based on services performed over a period
      of at least twelve (12) months, may be made by timely delivering an
      Election Form to the Committee, in accordance with its rules and
      procedures, no later than six (6) months before the end of the performance
      service period.  “Performance-based compensation” shall be
      compensation, the payment or amount of which is contingent on
      pre-established organizational or individual performance criteria, which
      satisfies the requirements of Code Section 409A and related Treasury
      guidance or Regulations.  In order to be eligible to make a
      deferral election for performance-based compensation, a Participant must
      perform services continuously from a date no later than the date upon
      which the performance criteria for such compensation are established
      through the date upon which the Participant makes a deferral election for
      such compensation.  In no event shall an election to defer
      performance-based compensation be permitted after such compensation has
      become both substantially certain to be paid and readily
      ascertainable.

              

      

       

      
        	
                 
      

              	
                (d)

              	
                Compensation
      Subject to Risk of Forfeiture.  With respect to
      compensation (i) to which a Participant has a legally binding right to
      payment in a subsequent year, and (ii) that is subject to a forfeiture
      condition requiring the Participant’s continued services for a period of
      at least twelve (12) months from the date the Participant obtains the
      legally binding right, the Committee may, in its sole discretion,
      determine that an irrevocable deferral election for such compensation may
      be made by timely delivering an Election Form to the Committee in
      accordance with its rules and procedures, no later than the 30th
      day after the Participant obtains the legally binding right to the
      compensation, provided that the election is made at least twelve (12)
      months in advance of the earliest date at which the forfeiture condition
      could lapse.

              

      

       

      
        	
                3.4

              	
                Withholding
      and Crediting of Annual Deferral Amounts.  For each Plan
      Year, the Base Salary portion of the Annual Deferral Amount shall be
      withheld from each regularly scheduled Base Salary payroll in equal
      amounts, as adjusted from time to time for increases and
      decreases

              

      

      

        
          
             

          

          
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Corporation 

        
          Leadership
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            Plan
Document

            
              

              

            

          

        

         

      

      
        	
                 
      

              	
                in
      Base Salary.  The Bonus, Commissions, LTIP Amounts and/or
      Director Fees portion of the Annual Deferral Amount shall be withheld at
      the time the Bonus, Commissions, LTIP Amounts or Director Fees are or
      otherwise would be paid to the Participant, whether or not this occurs
      during the Plan Year itself.  Annual Deferral Amounts shall be
      credited to the Participant’s Annual Account for such Plan Year at the
      time such amounts would otherwise have been paid to the
      Participant.

              

      

       

      
        	
                3.5

              	
                Company
      Contribution Amount.

              

      

       

      
        	
                 
      

              	
                (a)

              	
                For
      each Fiscal Year, an Employer may be required to credit amounts to a
      Participant’s Annual Account in accordance with employment or other
      agreements entered into between the Participant and the Employer, which
      amounts shall be part of the Participant’s Company Contribution Amount for
      that Fiscal Year.  Such amounts shall be credited to the
      Participant’s Annual Account for the applicable Fiscal Year on the date or
      dates prescribed by such
agreements.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                For
      each Fiscal Year, an Employer, in its sole discretion, may, but is not
      required to, credit any amount it desires to any Participant’s Annual
      Account under this Plan, which amount shall be part of the Participant’s
      Company Contribution Amount for that Fiscal Year.  The amount so
      credited to a Participant may be smaller or larger than the amount
      credited to any other Participant, and the amount credited to any
      Participant for a Fiscal Year may be zero, even though one or more other
      Participants receive a Company Contribution Amount for that Fiscal
      Year.  The Company Contribution Amount described in this Section
      3.5(b), if any, shall be credited to the Participant’s Annual Account for
      the applicable Fiscal Year on a date or dates to be determined by the
      Committee, in its sole discretion.

              

      

       

      
        	
                3.6

              	
                Company
      Matching Amount.  A Participant’s Company Matching Amount
      for any Plan Year shall be equal to 50% of the first 6% of Base Salary
      deferred for such Plan Year, unless otherwise determined by the Committee
      in its sole discretion.  The Participant’s Company Matching
      Amount, if any, shall be credited to the Participant’s Annual Account for
      the applicable Plan Year on a date or dates to be determined by the
      Committee, in its sole discretion.

              

      

       

      
      

      
        	
                3.7

              	
                Crediting
      of Amounts after Benefit Distribution.  Notwithstanding
      any provision in this Plan to the contrary, should the complete
      distribution of a Participant’s vested Account Balance occur prior to the
      date on which any portion of (i) the Annual Deferral Amount that a
      Participant has elected to defer in accordance with Section 3.3, (ii) the
      Company Contribution Amount, or (iii) the Company Matching Amount, would
      otherwise be credited to the Participant’s Account Balance, such amounts
      shall not be credited to the Participant’s Account Balance, and
      distributed in accordance with the form and time of distribution that is
      applicable to the amount so credited (and to the extent the time of
      distribution has occurred, within 60 days of the date of such
      crediting).

              

      

       

      
      

      
        	
                3.8

              	
                Vesting.

              

        
          
             

          

          
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          Plan
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                (a)

              	
                A
      Participant shall at all times be 100% vested in the portion of his or her
      Account Balance attributable to his or her deferrals of Base Salary,
      Bonus, Commissions, LTIP Amounts and Director’s Fees as adjusted for
      amounts credited or debited on such amounts (pursuant to Section
      3.9).

              

      

       

      
        	
                 
      

              	
                (b)

              	
                A
      Participant shall be vested in the portion of his or her Account Balance
      attributable to any Company Contribution Amount, adjusted for amounts
      credited or debited on such amounts, in accordance with vesting
      schedule(s) set forth below based on the number of full Fiscal Years
      following the Fiscal Year to which the contribution
      relates.  However, on or prior to the date on which a
      Participant is awarded a Company Contribution Amount for a Fiscal Year,
      the Committee, in its sole discretion, may designate a different vesting
      schedule in lieu of the schedule described below that will apply to such
      Company Contribution Amount.  Unless otherwise declared by the
      Committee, a new vesting schedule shall apply to each Company Contribution
      Amount.

              

      

       

      
        	
                Fiscal
      Years Following Year to which Contribution Relates

              	
                Vested
      Percentage

              
	
                Less
      than 1 year

              	
                0%

              
	
                1
      year or more, but less than 2

              	
                25%

              
	
                2
      years or more, but less than 3

              	
                50%

              
	
                3
      years or more, but less than 4

              	
                75%

              
	
                4
      years or more

              	
                100%

              

      

      

      
        	
                 
      

              	
                (c)

              	
                A
      Participant shall be vested in the portion of his or her Account Balance
      attributable to any Company Matching Amounts, adjusted for amounts
      credited or debited on such amounts (pursuant to Section 3.9), only to the
      extent that the Participant would be vested in such amounts, if any, under
      the provisions of the 401(k) Plan applicable to the vesting of matching
      contributions, as determined by the Committee in its sole
      discretion.

              

      

       

      
        	
                 
      

              	
                (d)

              	
                Notwithstanding
      anything to the contrary contained in this Section 3.8, in the event of a
      Change in Control, or upon a Participant’s Retirement, death while
      employed by an Employer, or Disability, any amounts that are not vested in
      accordance with Sections 3.8(b) or 3.8(c) above, shall immediately become
      100% vested (if it is not already vested in accordance with the above
      vesting schedules).

              

      

       

      
        	
                 
      

              	
                (e)

              	
                Notwithstanding
      subsection 3.8(d) above, the vesting schedules described in Sections
      3.8(b) and 3.8(c) shall not be accelerated upon a Change in Control to the
      extent that the Committee determines that such acceleration would cause
      the deduction limitations of Section 280G of the Code to become effective,
      but only if and to the extent that not accelerating the vesting would
      result in the net after-tax value (taking into account any tax imposed by
      Code Section 4999) of any compensation that is payable by the Company to
      the Participant that is treated as a “parachute payment” under Code
      Section 280G being greater by not accelerating such vesting than the
      net-after tax value of that compensation would be if the vesting schedule
      was accelerated.  In the event of such
  a

              

        
          
             

          

          
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          Plan
Document

          
            

            

          

        

      

       

      
        	
                 
      

              	
                determination,
      the Participant may request independent verification of the Committee’s
      calculations with respect to the application of Section
      280G.  In such case, the Committee must provide to the
      Participant within ninety (90) days of such a request an opinion from a
      nationally recognized accounting firm selected by the Participant (the
      “Accounting Firm”).  The opinion shall state the Accounting
      Firm’s opinion that any limitation in the vested percentage hereunder is
      necessary to avoid the limits of Section 280G and contain supporting
      calculations.  The cost of such opinion shall be paid for by the
      Company.

              

      

       

      
        	
                 
      

              	
                (f)

              	
                Section
      3.8(e) shall not prevent the acceleration of the vesting schedules
      described in Sections 3.8(b) and 3.8(c) if such Participant is entitled to
      a “gross-up” payment, to eliminate the effect of the Code section 4999
      excise tax, pursuant to his or her employment agreement or other agreement
      entered into between such Participant and the
  Employer.

              

      

       

      
        	
                3.9

              	
                Crediting/Debiting
      of Account Balances.  In accordance with, and subject to,
      the rules and procedures that are established from time to time by the
      Committee, in its sole discretion, amounts shall be credited or debited to
      a Participant’s Account Balance in accordance with the following
      rules:

              

      

       

      
      

       

      
        	
                 
      

              	
                (a)

              	
                Measurement
      Funds.  Subject to the restrictions found in Section
      3.9(d) below, the Participant may elect one or more of the measurement
      funds selected by the Committee, in its sole discretion, which are based
      on certain mutual funds (the “Measurement Funds”), for the purpose of
      crediting or debiting additional amounts to his or her Account
      Balance.  As necessary, the Committee may, in its sole
      discretion, discontinue, substitute or add a Measurement
      Fund.  Each such action will take effect as of the first day of
      the first calendar quarter that begins at least thirty (30) days after the
      day on which the Committee gives Participants advance written notice of
      such change.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Election
      of Measurement Funds.  Subject to the restrictions found
      in Section 3.9(d) below, a
      Participant, in connection with his or her deferral election in accordance
      with Sections 3.3(a) and 3.3(b) above, shall elect, on the Election Form,
      one or more Measurement Fund(s) (as described in Section 3.9(a) above) to
      be used to determine the amounts to be credited or debited to his or her
      Account Balance.  If a Participant does not elect any of the
      Measurement Funds as described in the previous sentence, the Participant’s
      Account Balance shall automatically be allocated into the lowest-risk
      Measurement Fund, as determined by the Committee, in its sole
      discretion.  Subject to the restrictions found in Section
      3.9(d) below, the
      Participant may (but is not required to) elect, by submitting an Election
      Form to the Committee that is accepted by the Committee, to add or delete
      one or more Measurement Fund(s) to be used to determine the amounts to be
      credited or debited to his or her Account Balance, or to change the
      portion of his or her Account Balance allocated to each previously or
      newly elected Measurement Fund.  If an election is made in
      accordance with the previous sentence, it shall apply as of the first
      business day deemed reasonably practicable by the Committee, in its sole
      discretion, and shall continue thereafter for each subsequent day in which
      the Participant participates in the Plan, unless changed in accordance
      with the previous

              

      

      
        
           

        

        
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          Plan
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                sentence.  Notwithstanding
      the foregoing, the Committee, in its sole discretion, may impose
      limitations on the frequency with which one or more of the Measurement
      Funds elected in accordance with this Section 3.9(b) may be added or
      deleted by such Participant; furthermore, the Committee, in its sole
      discretion, may impose limitations on the frequency with which the
      Participant may change the portion of his or her Account Balance allocated
      to each previously or newly elected Measurement
  Fund.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                Proportionate
      Allocation.  In making any election described in Section
      3.9(b) above, the Participant shall specify on the Election Form, in
      increments of one percent (1%), the percentage of his or her Account
      Balance or Measurement Fund, as applicable, to be
      allocated/reallocated.

              

      

       

      
        	
                 
      

              	
                (d)

              	
                HEICO
      Corporation Stock Unit Fund.

              

      

       

      
        	
                 
      

              	
                (i)

              	
                The
      Participant’s Director Fees, if any, that would otherwise be payable in
      Stock and are deferred under this Plan will be automatically and
      irrevocably allocated to the HEICO Corporation Stock Unit Fund Measurement
      Fund.  Participants may not select any other Measurement Fund to
      be used to determine the amounts to be credited or debited to the portion
      of their Account Balance attributable to such Director Fees. Furthermore, no
      other portion of the Participant’s Account Balance can be either initially
      allocated or re-allocated to the HEICO Corporation Stock Unit
      Fund.  Amounts allocated to the HEICO Corporation Stock Unit
      Fund shall only be distributable in actual shares of
  Stock.

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                Any
      cash dividends that would have been payable on the Stock credited to a
      Participant’s Account Balance shall be credited to the Participant’s
      Account Balance.  The portion of the Participant’s Account
      Balance that is attributable to the cash dividends shall automatically be
      allocated into the lowest-risk Measurement Fund, as determined by the
      Committee, in its sole discretion.

              

      

       

      
        	
                 
      

              	
                (iii)

              	
                Any
      stock dividends or other non-cash dividends that would have been payable
      on the Stock credited to a Participant’s Account Balance shall be credited
      to the Participant’s Account Balance in the form of additional shares of
      Stock and shall automatically and irrevocably be deemed to be re-invested
      in the HEICO Corporation Stock Unit Fund until such amounts are
      distributed to the Participant.  The number of shares credited
      to the Participant for a particular stock dividend shall be equal to (a)
      the number of shares of Stock credited to the Participant’s Account
      Balance as of the payment date for such dividend in respect of each share
      of Stock, multiplied by (b) the number of additional or fractional shares
      of Stock actually paid as a dividend in respect of each share of
      Stock.  The number of shares credited to the Participant for a
      particular stock dividend or other non-cash dividend shall be equal to (a)
      the number of shares of Stock credited to the Participant’s Account
      Balance as of the payment date for such dividend in respect of each share
      of Stock, multiplied by (b) the fair market value of the
      dividend,

              

      

      
        
           

        

        
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      divided
by (c) the “fair market value” of the Stock on the payment date for such
dividend.

       

      
        	
                 
      

              	
                (iv)

              	
                The
      number of shares of Stock credited to the Participant’s Account Balance
      shall be adjusted by the Committee, in its sole discretion, to prevent
      dilution or enlargement of Participants’ rights with respect to the
      portion of his or her Account Balance allocated to the HEICO Corporation
      Stock Unit Fund in the event of
      any reorganization, reclassification, stock split, or other unusual
      corporate transaction or event which affects the value of the Stock,
      provided that any such adjustment shall be made taking into account any
      crediting of shares of Stock to the Participant under Section
      3.9.

              

      

       

      
        	
                 
      

              	
                (v)

              	
                For
      purposes of this Section 3.9(d), the fair market value of the Stock shall
      be determined by the Committee in its sole
  discretion.

              

      

       

      
        	
                 
      

              	
                (e)

              	
                Crediting
      or Debiting Method.  The performance of each Measurement
      Fund (either positive or negative) will be determined on a daily basis
      based on the manner in which such Participant’s Account Balance has been
      hypothetically allocated among the Measurement Funds by the
      Participant.

              

      

       

      
        	
                 
      

              	
                (f)

              	
                No
      Actual Investment.  Notwithstanding any other provision
      of this Plan that may be interpreted to the contrary, the Measurement
      Funds are to be used for measurement purposes only, and a Participant’s
      election of any such Measurement Fund, the allocation of his or her
      Account Balance thereto, the calculation of additional amounts and the
      crediting or debiting of such amounts to a Participant’s Account Balance
      shall not be considered or construed in any manner as an actual investment
      of his or her Account Balance in any such Measurement Fund.  In
      the event that the Company or the Trustee (as that term is defined in the
      Trust), in its own discretion, decides to invest funds in any or all of
      the investments on which the Measurement Funds are based, no Participant
      shall have any rights in or to such investments
      themselves.  Without limiting the foregoing, a Participant’s
      Account Balance shall at all times be a bookkeeping entry only and shall
      not represent any investment made on his or her behalf by the Company or
      the Trust; the Participant shall at all times remain an unsecured creditor
      of the Employer obligated to pay the Participant's benefit as determined
      in Section 17.3 hereof, to the extent of such
  obligation.

              

      

       

      
        	
                3.10

              	
                FICA
      and Other Taxes.

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Annual
      Deferral Amounts.  For each Plan Year in which an Annual
      Deferral Amount is being withheld from a Participant, the Participant’s
      Employer(s) shall withhold from that portion of the Participant’s Base
      Salary, Bonus, Commissions and/or LTIP Amounts that is not being deferred,
      in a manner determined by the Employer(s), the Participant’s share of FICA
      and other employment taxes on such Annual Deferral Amount.  If
      necessary, the Committee may reduce the Annual Deferral Amount for amounts
      required to be withheld

              

        
          
             

          

          
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                and
      described in Treasury Regulations Section 1.409A-3(j)(4)(vi) in order to
      comply with this Section 3.10.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Company
      Matching Amounts and Company Contribution Amounts.  When
      a Participant becomes vested in a portion of his or her Account Balance
      attributable to any Company Matching Amounts and/or Company Contribution
      Amounts, the Participant’s Employer(s) shall withhold from that portion of
      the Participant’s Base Salary, Bonus, Commissions and/or LTIP Amounts that
      is not deferred, in a manner determined by the Employer(s), the
      Participant’s share of FICA and other employment taxes on such
      amounts.  If necessary, the Committee may reduce the vested
      portion of the Participant’s Company Matching Amount or Company
      Contribution Amount for such amounts attributable to employment taxes
      required to be withheld or that otherwise may be withheld as described in
      Treasury Regulations Section 1.409A-3(j)(4)(vi), in order to comply with
      this Section 3.10.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                Distributions.  The
      Participant’s Employer(s), or the trustee of the Trust, shall withhold
      from any payments made to a Participant under this Plan all Federal, state
      and local income, employment and other taxes required to be withheld by
      the Employer(s), or the trustee of the Trust, in connection with such
      payments, in amounts and in a manner to be determined in the sole
      discretion of the Employer(s) and the trustee of the
  Trust.

              

      

       

      ARTICLE
4

      Scheduled Distribution;
Unforeseeable Emergencies

       

      
        	
                4.1

              	
                Scheduled
      Distribution.  In connection with each election to defer
      an Annual Deferral Amount, a Participant may irrevocably elect to receive
      a Scheduled Distribution, in the form of a lump sum payment, from the Plan
      with respect to all or a portion of the Annual Deferral
      Amount.  The Scheduled Distribution shall be a lump sum payment
      in an amount that is equal to the portion of the Annual Deferral Amount
      the Participant elected to have distributed as a Scheduled Distribution,
      adjusted for amounts credited or debited in the manner provided in
      Section 3.9 above on that amount, calculated as of the close of
      business on or around the date on which the Scheduled Distribution becomes
      payable, as determined by the Committee in its sole
      discretion.  Subject to the other terms and conditions of this
      Plan, each Scheduled Distribution elected shall be paid out during a sixty
      (60) day period commencing immediately after the first day of any Plan
      Year designated by the Participant (the “Scheduled Distribution
      Date”).  The Plan Year designated by the Participant must be at
      least three (3) Plan Years after the end of the Plan Year to which the
      Participant’s deferral election described in Section 3.3 relates, unless
      otherwise provided on an Election Form approved by the Committee in its
      sole discretion.  By way of example, if a Scheduled Distribution
      is elected for Annual Deferral Amounts that are earned in the Plan Year
      commencing January 1, 2007, the earliest Scheduled Distribution Date
      that may be designated by a Participant would be January 1, 2011, and the
      Scheduled Distribution would become payable during the sixty (60) day
      period commencing immediately after such Scheduled Distribution
      Date.

              

      

      

        
          
             

          

          
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            Plan
Document

            
              

              

            

          

        

         

      

      
        	
                4.2

              	
                Postponing
      Scheduled Distributions. A Participant may elect to postpone a
      Scheduled Distribution described in Section 4.1 above, and have such
      amount paid out during a sixty (60) day period commencing immediately
      after an allowable alternative distribution date designated by the
      Participant in accordance with this Section 4.2.  In order to
      make this election, the Participant must submit a new Scheduled
      Distribution Election Form to the Committee in accordance with the
      following criteria:

              

      

       

      
      

      
        	
                 
      

              	
                (a)

              	
                Such
      Scheduled Distribution Election Form must be submitted to and accepted by
      the Committee in its sole discretion at least twelve (12) months prior to
      the Participant’s previously designated Scheduled
      Distribution Date;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                The
      new Scheduled Distribution Date selected by the Participant must be the
      first day of a Plan Year, and must be at least five years after the previously designated Scheduled
      Distribution Date; and

              

      

       

      
        	
                 
      

              	
                (c)

              	
                The
      election of the new Scheduled Distribution Date shall have no effect until
      at least twelve (12) months after the date on which the election is
      made.

              

      

       

      
        	
                4.3

              	
                Other
      Benefits Take Precedence Over Scheduled
      Distributions.  Should a Benefit Distribution Date occur
      that triggers a benefit under Articles 5, 6, 7, 8, or 9, any Annual
      Deferral Amount that is subject to a Scheduled Distribution election under
      Section 4.1 or 4.2 shall not be paid in accordance with Section 4.1, but
      shall be paid in accordance with the other applicable Article.
      Notwithstanding the foregoing, the Committee shall interpret this Section
      4.3 in a manner that is consistent with Code Section 409A and related
      Treasury guidance and Regulations.

              

      

       

      
      

      
        	
                4.4

              	
                Unforeseeable
      Emergencies.

              

      

       

      
        	
                 
      

              	
                (a)

              	
                If
      the Participant experiences an Unforeseeable Emergency, the Participant
      may petition the Committee to receive a partial or full payout from the
      Plan, subject to the provisions set forth
below.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                The
      payout, if any, from the Plan shall not exceed the lesser of (i) the
      Participant’s vested Account Balance, calculated as of the close of
      business on or around the date on which the amount becomes payable, as
      determined by the Committee in its sole discretion, or (ii) the amount
      necessary to satisfy the Unforeseeable Emergency, plus amounts necessary
      to pay Federal, state, or local income taxes or penalties reasonably
      anticipated as a result of the distribution.  Notwithstanding
      the foregoing, a Participant may not receive a payout from the Plan to the
      extent that the Unforeseeable Emergency is or may be relieved (A) through
      reimbursement or compensation by insurance or otherwise, (B) by
      liquidation of the Participant’s assets, to the extent the liquidation of
      such assets would not itself cause severe financial hardship or (C) by
      cessation of deferrals under this
Plan.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                If
      the Committee, in its sole discretion, approves a Participant’s petition
      for payout from the Plan, the Participant shall receive a payout from the
      Plan within sixty (60) days of
the

              

      

      
        
           

        

        
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                date
      of such approval, and the Participant’s deferrals under the Plan shall be
      terminated as of the date of such
approval.

              

      

       

      
        	
                 
      

              	
                (d)

              	
                In
      addition, a Participant’s deferral elections under this Plan shall be
      terminated to the extent the Committee determines, in its sole discretion,
      that termination of such Participant’s deferral elections is required
      pursuant to Treas. Reg. §1.401(k)-1(d)(3) for the Participant to obtain a
      hardship distribution from an Employer’s 401(k) Plan.  If the
      Committee determines, in its sole discretion, that a termination of the
      Participant’s deferrals is required in accordance with the preceding
      sentence, the Participant’s deferrals shall be terminated as soon as
      administratively practicable following the date on which such
      determination is made, and the Participant shall not be entitled to make a
      new deferral election until such time as the Committee
      determines.

              

      

       

      
        	
                 
      

              	
                (e)

              	
                Notwithstanding
      the foregoing, the Committee shall interpret all provisions relating to a
      payout and/or termination of deferrals under this Section 4.4 in a manner
      that is consistent with Code Section 409A and related Treasury guidance
      and Regulations.

              

      

       

      ARTICLE
5

      Change in Control
Benefit

       

      
        	
                5.1

              	
                Change
      in Control Benefit.  A Participant, in connection with
      his or her commencement of participation in the Plan, shall irrevocably
      elect on an Election Form whether to (i) receive a Change in Control
      Benefit upon the occurrence of a Change in Control, which shall be equal
      to the Participant’s vested Account Balance, calculated as of the close of
      business on or around the Participant’s Benefit Distribution Date, as
      determined by the Committee in its sole discretion, or (ii) to have his or
      her Account Balance remain in the Plan upon the occurrence of a Change in
      Control and to have his or her Account Balance remain subject to the terms
      and conditions of the Plan.  If a Participant does not make any
      election with respect to the payment of the Change in Control Benefit,
      then such Participant’s Account Balance shall remain in the Plan upon a
      Change in Control and shall be subject to the terms and conditions of the
      Plan.

              

      

       

      
      

      
        	
                5.2

              	
                Payment
      of Change in Control Benefit.  The Change in Control
      Benefit, if any, shall be paid to the Participant in a lump sum no later
      than sixty (60) days after the Participant’s Benefit Distribution
      Date.  Notwithstanding the foregoing, the Committee shall
      interpret all provisions in this Plan relating to a Change in Control
      Benefit in a manner that is consistent with Code Section 409A and related
      Treasury guidance and Regulations.

              

      

       

      
      

      ARTICLE
6

      Retirement
Benefit

       

      
        	
                6.1

              	
                Retirement
      Benefit.  A Participant who Retires shall receive, as a
      Retirement Benefit, his or her vested Account Balance, calculated as of
      the close of business on or around the Participant’s Benefit Distribution
      Date, as determined by the Committee in its sole
    discretion.

              

      

       

      
      

       

      
        	
                6.2

              	
                Payment
      of Retirement Benefit.

              

        
          
             

          

          
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                (a)

              	
                In
      connection with a Participant’s election to defer an Annual Deferral
      Amount, the Participant shall elect the form in which his or her Annual
      Account for such Plan Year will be paid.  The Participant may
      elect to receive each Annual Account in the form of a lump sum or pursuant
      to an Annual Installment Method of up to fifteen (15) years.  If
      a Participant does not make any election with respect to the payment of an
      Annual Account, then the Participant shall be deemed to have elected to
      receive such Annual Account as a lump
sum.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                A
      Participant may change the form of payment for an Annual Account by
      submitting an Election Form to the Committee in accordance with the
      following criteria:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                The
      election to modify the form of payment for such Annual Account shall have
      no effect until at least twelve (12) months after the date on which the
      election is made; and

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                The
      first payment related to such Annual Account shall be delayed at least
      five (5) years from the originally scheduled Benefit Distribution Date for
      such Annual Account, as described in Section
  1.8(a).

              

      

       

      For
purposes of applying the requirements above, the right to receive an Annual
Account in installment payments shall be treated as the entitlement to a single
payment.  The Committee shall interpret all provisions relating to an
election described in this Section 6.2 in a manner that is consistent with Code
Section 409A and related Treasury guidance or Regulations.

       

      The
Election Form most recently accepted by the Committee that has become effective
shall govern the payout of the applicable Annual Account.

       

      
        	
                 
      

              	
                (c)

              	
                The
      lump sum payment shall be made, or installment payments shall commence, no
      later than sixty (60) days after the Benefit Distribution
      Date.  Remaining installments, if any, shall continue in
      accordance with the Participant’s election for each Annual Account and
      shall be paid no later than sixty (60) days after each anniversary of the
      Benefit Distribution Date.

              

      

       

      ARTICLE
7

      Termination
Benefit

       

      
        
          	
                  7.1

                	
                  Termination
      Benefit. A Participant who
      experiences a Termination of Employment shall receive, as a Termination
      Benefit, his or her vested Account Balance, calculated as of the close of
      business on or around the Participant’s Benefit Distribution Date, as
      determined by the Committee in its sole
  discretion.

                

        

      

       

      
        
          	
                  7.2

                	
                  Payment
      of Termination Benefit.  The
      Termination Benefit shall be paid to the Participant in a lump sum payment
      no later than sixty (60) days after the Participant’s Benefit Distribution
      Date.

                

          
            
               

            

            
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      ARTICLE
8

      Disability
Benefit

       

      
        
          	
                  8.1

                	
                  Disability
      Benefit.
      Upon a Participant’s Disability, the Participant shall receive a
      Disability Benefit, which shall be equal to the Participant’s vested
      Account Balance, calculated as of the close of business on or around the
      Participant’s Benefit Distribution Date, as selected by the Committee in
      its sole discretion.

                

        

      

       

      
        
          	
                  8.2

                	
                  Payment
      of Disability Benefit. The Disability
      Benefit shall be paid to the Participant in a lump sum payment no later
      than sixty (60) days after the Participant’s Benefit Distribution
      Date.

                

        

      

       

      ARTICLE
9

      Death
Benefit

       

      
        
          	
                  9.1

                	
                  Death
      Benefit.  The
      Participant’s Beneficiary(ies) shall receive a Death Benefit upon the
      Participant’s death which will be equal to the Participant’s vested
      Account Balance, calculated as of the close of business on or around the
      Participant’s Benefit Distribution Date, as selected by the Committee in
      its sole discretion.

                

        

      

       

      
        
          	
                  9.2

                	
                  Payment
      of Death Benefit.  The
      Death Benefit shall be paid to the Participant’s Beneficiary(ies) in a
      lump sum payment no later than sixty (60) days after the Participant’s
      Benefit Distribution Date.

                

        

      

       

      ARTICLE
10

      Beneficiary
Designation

       

      
        
          	
                  10.1

                	
                  Beneficiary.  Each
      Participant shall have the right, at any time, to designate his or her
      Beneficiary(ies) (both primary as well as contingent) to receive any
      benefits payable under the Plan to a beneficiary upon the death of the
      Participant.  The Beneficiary designated under this Plan may be
      the same as or different from the Beneficiary designation under any other
      plan of an Employer in which the Participant
  participates.

                

        

      

       

      
        
          	
                  10.2

                	
                  Beneficiary
      Designation; Change; Spousal Consent.  A
      Participant shall designate his or her Beneficiary by completing and
      signing the Beneficiary Designation Form, and returning it to the
      Committee or its designated agent.  A Participant shall have the
      right to change a Beneficiary by completing, signing and otherwise
      complying with the terms of the Beneficiary Designation Form and the
      Committee’s rules and procedures, as in effect from time to
      time.  If the Participant names someone other than his or her
      spouse as a Beneficiary, the Committee may, in its sole discretion,
      determine that spousal consent is required to be provided in a form
      designated by the Committee, executed by such Participant’s spouse and
      returned to the Committee.  Upon the acceptance by the Committee
      of a new Beneficiary Designation Form, all Beneficiary designations
      previously filed shall be canceled.  The Committee shall be
      entitled to rely on the last Beneficiary Designation Form filed by the
      Participant and accepted by the Committee prior to his or her
      death.

                

          
            
               

            

            
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                  10.3

                	
                  Acknowledgment.  No
      designation or change in designation of a Beneficiary shall be effective
      until received and acknowledged in writing by the Committee or its
      designated agent.

                

        

      

       

      
        
          	
                  10.4

                	
                  No
      Beneficiary Designation.  If
      a Participant fails to designate a Beneficiary as provided in
      Sections 10.1, 10.2 and 10.3 above or, if all designated
      Beneficiaries predecease the Participant or die prior to complete
      distribution of the Participant’s benefits, then the Participant’s
      designated Beneficiary shall be deemed to be his or her surviving
      spouse.  If the Participant has no surviving spouse, the
      benefits remaining under this Plan to be paid to a Beneficiary shall be
      payable to the executor or personal representative of the Participant’s
      estate.

                

        

      

       

      
        
          	
                  10.5

                	
                  Doubt
      as to Beneficiary.  If
      the Committee has any doubt as to the proper Beneficiary to receive
      payments pursuant to this Plan, the Committee shall have the right,
      exercisable in its discretion, to cause the Participant’s Employer to
      withhold such payments until this matter is resolved to the Committee’s
      satisfaction.

                

        

      

       

      
        
          	
                  10.6

                	
                  Discharge
      of Obligations.  The
      payment of benefits under the Plan to a Beneficiary shall fully and
      completely discharge all Employers and the Committee from all further
      obligations under this Plan with respect to the Participant, and that
      Participant’s Plan Agreement shall terminate upon such full payment of
      benefits.

                

        

      

       

      ARTICLE
11

      Leave of
Absence

       

      
        
          	
                  11.1

                	
                  Paid
      Leave of Absence.  If
      a Participant is authorized by the Participant’s Employer to take a paid
      leave of absence from the employment of the Employer, and such leave of
      absence does not constitute a Separation from Service, as determined by
      the Committee in accordance with Code Section 409A and related Treasury
      guidance and Regulations, (i) the Participant shall continue to be
      considered eligible for the benefits provided in Articles 4, 5, 6, 7, 8,
      or 9 in accordance with the provisions of those Articles, and (ii) the
      Annual Deferral Amount shall continue to
      be withheld during such paid leave of absence in accordance with
      Section 3.3.

                

        

      

       

      
        
          	
                  11.2

                	
                  Unpaid
      Leave of Absence.  If
      a Participant is on unpaid leave of absence from the employment of the
      Employer for any reason, and such leave of absence does not constitute a
      Separation from Service, as determined by the Committee in accordance with
      Code Section 409A and related Treasury guidance and Regulations, such
      Participant shall continue to be eligible for the benefits provided in
      Articles 4, 5, 6, 7, 8, or 9 in accordance with the provisions of those
      Articles.

                

        

      

       

      
        
          	
                  11.3

                	
                  Leaves
      Resulting in Separation from Service.  In
      the event that a Participant’s leave of absence from his or her Employer
      constitutes a separation from service, as determined by the Committee in
      accordance with Code Section 409A and related Treasury guidance and
      Regulations, the Participant’s vested Account Balance shall be distributed
      to the Participant in accordance with Article 6 or 7 of this Plan, as
      applicable.

                

          
            
               

            

            
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      HEICO
Corporation 

      
        Leadership
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          Plan
Document

          
            

            

          

           

        

      

      ARTICLE
12

      Termination of Plan,
Amendment or Modification

       

      
        
          	
                  12.1

                	
                  Termination
      of Plan.  Although
      each Employer anticipates that it will continue the Plan for an indefinite
      period of time, there is no guarantee that any Employer will continue the
      Plan or will not terminate the Plan at any time in the
      future.  Accordingly, each Employer reserves the right to
      Terminate the Plan.  In the event of a Termination of the Plan,
      the Measurement Funds available to Participants following the Termination
      of the Plan shall be comparable in number and type to those Measurement
      Funds available to Participants in the Plan Year preceding the Plan Year
      in which the Termination of the Plan is effective.  Except as
      otherwise provided below, following a
      Termination of the Plan, Participant Account Balances shall remain in the
      Plan until the Participant becomes eligible for the benefits provided in
      Articles 4, 5, 6, 7, 8 or 9 in accordance with the provisions of those
      Articles. The Termination
      of the Plan shall not adversely affect any Participant or Beneficiary who
      has become entitled to the payment of any benefits under the Plan as of
      the date of termination.  Notwithstanding the foregoing, to the
      extent permissible under Code Section 409A and related Treasury guidance
      or Regulations, during the thirty (30) days preceding or within twelve
      (12) months following a Change in Control, an Employer shall be permitted
      to (i) terminate the Plan by action of its board of directors, and (ii)
      distribute the vested Account Balances to Participants in a lump sum no
      later than twelve (12) months after the Change in Control, provided that
      all other substantially similar arrangements sponsored by such Employer
      are also terminated and all balances in such arrangements are distributed
      within twelve (12) months of the termination of such arrangements. Also
      notwithstanding the foregoing, if and to the
      extent permissible under Code Section 409A and related Treasury guidance
      or Regulations, in the event of Termination of the Plan, the Board may
      require that the Account Balances of all Participants and Beneficiaries
      (including, without limitation, any remaining benefits payable to
      Participants or Beneficiaries receiving distributions in installments at
      the time of the termination) be distributed as soon as practicable after
      such termination, notwithstanding any elections by Participants or
      Beneficiaries with regard to the timing or form in which their benefits
      are to be paid.

                

        

      

       

      
        	
                12.2

              	
                Amendment.

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Any
      Employer may, at any time, amend or modify the Plan in whole or in part
      with respect to that Employer.  Notwithstanding the foregoing,
      (i) no amendment or modification shall be effective to decrease the value
      of a Participant’s vested Account Balance in existence at the time the
      amendment or modification is made, and (ii) no amendment or modification
      of this Section 12.2 or Section 13.2 of the Plan shall be
      effective.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Notwithstanding
      any provision of the Plan to the contrary, in the event that the Company
      determines that any provision of the Plan may cause amounts deferred under
      the Plan to become immediately taxable to any Participant under Code
      Section 409A and related Treasury guidance or Regulations, the Company may
      (i) adopt such amendments to the Plan and appropriate policies and
      procedures, including amendments and policies with retroactive effect,
      that the Company determines necessary or appropriate to preserve
      the

              

        
          
             

          

          
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      HEICO
Corporation 

      
        Leadership
Compensation Plan

        
          Plan
Document

          
            

            

          

           

        

      

      
        	
                 
      

              	
                intended
      tax treatment of the Plan benefits provided by the Plan and/or (ii) take
      such other actions as the Company determines necessary or appropriate to
      comply with the requirements of Code Section 409A and related Treasury
      guidance or Regulations.  Notwithstanding the foregoing, neither
      the Company nor any other Employers, the Committee, nor their respective
      officers, directors, members or representatives, shall have any liability
      or other obligation to indemnify or hold harmless any Participant or
      Beneficiary for any tax, additional tax, interest or penalties that the
      Participant or Beneficiary may incur in the event that any provision of
      this Plan, or any other action taken with respect thereto, is deemed to
      violate any of the requirements of Code
§409A.

              

      

       

      
        
          	
                  12.3

                	
                  Plan
      Agreement.  Despite
      the provisions of Sections 12.1 and 12.2 above, if a Participant’s
      Plan Agreement contains benefits or limitations that are not in this Plan
      document, the Employer may only amend or terminate such provisions with
      the written consent of the
Participant.

                

        

      

       

      
        
          	
                  12.4

                	
                  Effect
      of Payment.  The
      full payment of the Participant’s vested Account Balance under
      Articles 4, 5, 6, 7, 8, or 9 of the Plan shall completely discharge
      all obligations to a Participant and his or her designated Beneficiaries
      under this Plan, and the Participant’s Plan Agreement shall
      terminate.

                

        

      

       

      ARTICLE
13

      Administration

       

      
        
          	
                  13.1

                	
                  Committee
      Duties.  This
      Plan shall be administered by the Compensation Committee of the Board, or
      such other Committee as the Board may from time to time
      appoint.  The Committee shall also have the discretion and
      authority to (i) make, amend, interpret, and enforce all appropriate
      rules and regulations for the administration of this Plan, and
      (ii) decide or resolve any and all questions, including benefit
      entitlement determinations and interpretations of this Plan, as may arise
      in connection with this Plan.  Any individual serving on the
      Committee who is a Participant shall not vote or act on any matter
      relating solely to himself or herself.  When making a
      determination or calculation, the Committee shall be entitled to rely on
      information furnished by a Participant or an
  Employer.

                

        

      

       

      
        
          	
                  13.2

                	
                  Administration
      Upon Change In Control.
      Within one hundred and twenty (120) days following a Change in Control,
      the individuals who comprised the Committee immediately prior to the
      Change in Control (whether or not such individuals are members of the
      Committee following the Change in Control) may, by written consent of the
      majority of such individuals, appoint an independent third party
      administrator (the “Administrator”) to perform any or all of the
      Committee’s duties described in Section 13.1 above, including without
      limitation, the power to determine any questions arising in connection
      with the administration or interpretation of the Plan, and the power to
      make benefit entitlement determinations.  Upon and after the
      effective date of such appointment, (i) the Company must pay all
      reasonable administrative expenses and fees of the Administrator, and (ii)
      the Administrator may only be terminated with the written consent of the
      majority of Participants with an Account Balance in the Plan as of the
      date of such proposed termination.

                

          
            
               

            

            
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      HEICO
Corporation 

      
        Leadership
Compensation Plan

        
          Plan
Document

          
            

            

          

        

      

       

      
        
          	
                  13.3

                	
                  Agents.
      In the administration of this Plan, the Committee or the Administrator, as
      applicable, may, from time to time, employ agents and delegate to them
      such administrative duties as it sees fit (including acting through a duly
      appointed representative) and may from time to time consult with
      counsel.

                

        

      

       

      
        
          	
                  13.4

                	
                  Binding
      Effect of Decisions.  The
      decision or action of the Committee or Administrator, as applicable, with
      respect to any question arising out of or in connection with the
      administration, interpretation and application of the Plan and the rules
      and regulations promulgated hereunder shall be final and conclusive and
      binding upon all persons having any interest in the
  Plan.

                

        

      

       

      
        
          	
                  13.5

                	
                  Indemnity
      of Committee.  All
      Employers shall indemnify and hold harmless the members of the Committee,
      any Employee to whom the duties of the Committee may be delegated, and the
      Administrator against any and all claims, losses, damages, expenses or
      liabilities arising from any action or failure to act with respect to this
      Plan, except in the case of willful misconduct by the Committee, any of
      its members, any such Employee or the
  Administrator.

                

        

      

       

      
        
          	
                  13.6

                	
                  Employer
      Information.  To
      enable the Committee and/or Administrator to perform its functions, the
      Company and each Employer shall supply full and timely information to the
      Committee and/or Administrator, as the case may be, on all matters
      relating to the Plan, the Trust, the Participants and their Beneficiaries,
      the Account Balances of the Participants, the compensation of its
      Participants, the date and circumstances of the Retirement, Disability,
      death or Termination of Employment of its Participants, and such other
      pertinent information as the Committee or Administrator may reasonably
      require.

                

        

      

       

      
        	
                13.7

              	
                Receipts
      and Release.  Any payment to any Participant or
      Beneficiary in accordance with the provisions of the Plan shall, to the
      extent thereof, be in full satisfaction of all claims against the Company,
      the Committee, the Plan Administrator and the trustee of the Trust under
      the Plan, and the Committee may require such Participant or Beneficiary,
      as a condition precedent to such payment pursuant to the Plan, to execute
      a receipt and release to such effect on or before the date on which the
      payment is payable pursuant to this
Plan.

              

      

       

      ARTICLE
14

      Other Benefits and
Agreements

       

      
        
          	
                  14.1

                	
                  Coordination
      with Other Benefits.  The
      benefits provided for a Participant and Participant’s Beneficiary under
      the Plan are in addition to any other benefits available to such
      Participant under any other plan or program for employees of the
      Participant’s Employer.  The Plan shall supplement and shall not
      supersede, modify or amend any other such plan or program except as may
      otherwise be expressly
provided.

                

        

      

       

      ARTICLE
15

      Claims
Procedures

       

      
        
          	
                  15.1

                	
                  Presentation
      of Claim.  Any
      Participant or Beneficiary of a deceased Participant (such Participant or
      Beneficiary being referred to below as a “Claimant”) may deliver to the
      Committee a written claim for a determination with respect to the amounts
      distributable to such

                

          
            
               

            

            
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Corporation 

      
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          Plan
Document

          
            

            

          

        

      

       

      
        	
                 
      

              	
                Claimant
      from the Plan.  If such a claim relates to the contents of a
      notice received by the Claimant, the claim must be made within sixty
      (60) days after such notice was received by the
      Claimant.  All other claims must be made within 180 days of
      the date on which the event that caused the claim to arise
      occurred.  The claim must state with particularity the
      determination desired by the
Claimant.

              

      

       

      
        
          	
                  15.2

                	
                  Notification
      of Decision.  The
      Committee shall consider a Claimant’s claim within a reasonable time, but
      no later than ninety (90) days after receiving the claim.  If
      the Committee determines that special circumstances require an extension
      of time for processing the claim, written notice of the extension shall be
      furnished to the Claimant prior to the termination of the initial ninety
      (90) day period.  In no event shall such extension exceed a
      period of ninety (90) days from the end of the initial
      period.  The extension notice shall indicate the special
      circumstances requiring an extension of time and the date by which the
      Committee expects to render the benefit determination.  The
      Committee shall notify the Claimant in
writing:

                

        

      

       

      
        	
                 
      

              	
                (a)

              	
                that
      the Claimant’s requested determination has been made, and that the claim
      has been allowed in full; or

              

      

       

      
        	
                 
      

              	
                (b)

              	
                that
      the Committee has reached a conclusion contrary, in whole or in part, to
      the Claimant’s requested determination, and such notice must set forth in
      a manner calculated to be understood by the
  Claimant:

              

      

       

      
        	
                 
      

              	
                (i)

              	
                the
      specific reason(s) for the denial of the claim, or any part of
      it;

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                specific
      reference(s) to pertinent provisions of the Plan upon which such denial
      was based;

              

      

       

      
        	
                 
      

              	
                (iii)

              	
                a
      description of any additional material or information necessary for the
      Claimant to perfect the claim, and an explanation of why such material or
      information is necessary;

              

      

       

      
        	
                 
      

              	
                (iv)

              	
                an
      explanation of the claim review procedure set forth in Section 15.3
      below; and

              

      

       

      
        	
                 
      

              	
                (v)

              	
                a
      statement of the Claimant’s right to bring a civil action under ERISA
      Section 502(a) following an adverse benefit determination on
      review.

              

      

       

      
        
          	
                  15.3

                	
                  Review
      of a Denied Claim.  On
      or before sixty (60) days after receiving a notice from the Committee
      that a claim has been denied, in whole or in part, a Claimant (or the
      Claimant’s duly authorized representative) may file with the Committee a
      written request for a review of the denial of the claim.  The
      Claimant (or the Claimant’s duly authorized
    representative):

                

        

      

       

      
        	
                 
      

              	
                (a)

              	
                may,
      upon request and free of charge, have reasonable access to, and copies of,
      all documents, records and other information relevant (as defined in
      applicable ERISA regulations) to the claim for
  benefits;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                may
      submit written comments or other documents;
  and/or

              

        
          
             

          

          
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Corporation 

      
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          Plan
Document

          
            

            

          

        

      

       

      
        	
                 
      

              	
                (c)

              	
                may
      request a hearing, which the Committee, in its sole discretion, may
      grant.

              

      

       

      
        
          	
                  15.4

                	
                  Decision
      on Review.  The
      Committee shall render its decision on review promptly, and no later than
      sixty (60) days after the Committee receives the Claimant’s written
      request for a review of the denial of the claim.  If the
      Committee determines that special circumstances require an extension of
      time for processing the claim, written notice of the extension shall be
      furnished to the Claimant prior to the termination of the initial sixty
      (60) day period.  In no event shall such extension exceed a
      period of sixty (60) days from the end of the initial
      period.  The extension notice shall indicate the special
      circumstances requiring an extension of time and the date by which the
      Committee expects to render the benefit determination.  In
      rendering its decision, the Committee shall take into account all
      comments, documents, records and other information submitted by the
      Claimant relating to the claim, without regard to whether such information
      was submitted or considered in the initial benefit
      determination.  The decision must be written in a manner
      calculated to be understood by the Claimant, and it must
      contain:

                

        

      

       

      
        	
                 
      

              	
                (a)

              	
                specific
      reasons for the decision;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                specific
      reference(s) to the pertinent Plan provisions upon which the decision was
      based;

              

      

       

      
        	
                 
      

              	
                (c)

              	
                a
      statement that the Claimant is entitled to receive, upon request and free
      of charge, reasonable access to and copies of, all documents, records and
      other information relevant (as defined in applicable ERISA regulations) to
      the Claimant’s claim for benefits;
and

              

      

       

      
        	
                 
      

              	
                (d)

              	
                a
      statement of the Claimant’s right to bring a civil action under ERISA
      Section 502(a).

              

      

       

      
        
          	
                  15.5

                	
                  Legal
      Action.  A
      Claimant’s compliance with the foregoing provisions of this
      Article 15 is a mandatory prerequisite to a Claimant’s right to
      commence any legal action with respect to any claim for benefits under
      this Plan.

                

        

      

       

      ARTICLE
16

      Trust

       

      
        
          	
                  16.1

                	
                  Establishment
      of the Trust.  In
      order to provide assets from which to fulfill its obligations to the
      Participants and their Beneficiaries under the Plan, the Company may
      establish a trust by a trust agreement with a third party, the trustee, to
      which each Employer may, in its discretion, contribute cash or other
      property, including securities issued by the Company, to provide for the
      benefit payments under the Plan, (the “Trust”).

                

        

      

       

      
        
          	
                  16.2

                	
                  Interrelationship
      of the Plan and the Trust.  The
      provisions of the Plan and the Plan Agreement shall govern the rights of a
      Participant to receive distributions pursuant to the Plan.  The
      provisions of the Trust shall govern the rights of the Employers,
      Participants and the creditors of the Employers to the assets transferred
      to the Trust.  Each Employer shall at all times remain liable to
      carry out its obligations under the
Plan.

                

          
            
               

            

            
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      HEICO
Corporation 

      
        Leadership
Compensation Plan

        
          Plan
Document

          
            

            

          

        

      

       

      
        
          	
                  16.3

                	
                  Distributions
      From the Trust.  Each
      Employer’s obligations under the Plan may be satisfied with Trust assets
      distributed pursuant to the terms of the Trust, and any such distribution
      shall reduce the Employer’s obligations under this
  Plan.

                

        

      

       

      ARTICLE
17

      Miscellaneous

       

      
        
          	
                  17.1

                	
                  Status
      of Plan.  The
      Plan is intended to be a plan that is not qualified within the meaning of
      Code Section 401(a) and that “is unfunded and is maintained by an employer
      primarily for the purpose of providing deferred compensation for a select
      group of management or highly compensated employees” within the meaning of
      ERISA Sections 201(2), 301(a)(3) and 401(a)(1).  The Plan shall
      be administered and interpreted (i) to the extent possible in a manner
      consistent with the intent described in the preceding sentence, and (ii)
      in accordance with Code Section 409A and related Treasury guidance and
      Regulations.

                

        

      

       

      
        
          	
                  17.2

                	
                  Unsecured
      General Creditor.  Participants
      and their Beneficiaries, heirs, successors and assignees shall have no
      legal or equitable rights, interests or claims in any property or assets
      of an Employer.  For purposes of the payment of benefits under
      this Plan, any and all of an Employer’s assets shall be, and remain, the
      general, unpledged unrestricted assets of the Employer.  An
      Employer’s obligation under the Plan shall be merely that of an unfunded
      and unsecured promise to pay money in the
  future.

                

        

      

       

      
        
          	
                  17.3

                	
                  Employer’s
      Liability.  Each
      Employer, and only such Employer, shall be obligated to pay the benefits
      that are attributable to contributions credited to the Participant's
      Account with respect to Compensation payable or Employer Contributions
      credited by that Employer.  An Employer’s liability for the
      payment of benefits shall be defined only by the Plan and the Plan
      Agreement, as entered into between the Employer and a
      Participant.  An Employer shall have no obligation to a
      Participant under the Plan except as expressly provided in the Plan and
      his or her Plan Agreement.

                

        

      

       

      
        
          	
                  17.4

                	
                  Nonassignability.  Neither
      a Participant nor any other person shall have any right to commute, sell,
      assign, transfer, pledge, anticipate, mortgage or otherwise encumber,
      transfer, hypothecate, alienate or convey in advance of actual receipt,
      the amounts, if any, payable hereunder, or any part thereof, which are,
      and all rights to which are expressly declared to be, unassignable and
      non-transferable.  No part of the amounts payable shall, prior
      to actual payment, be subject to seizure, attachment, garnishment or
      sequestration for the payment of any debts, judgments, alimony or separate
      maintenance owed by a Participant or any other person, be transferable by
      operation of law in the event of a Participant’s or any other person’s
      bankruptcy or insolvency or be transferable to a spouse as a result of a
      property settlement or
otherwise.

                

        

      

       

      
        
          	
                  17.5

                	
                  Not
      a Contract of Employment.  The
      terms and conditions of this Plan shall not be deemed to constitute a
      contract of employment between any Employer and a
      Participant.  Such employment is hereby acknowledged to be an
      “at will” employment relationship that can be terminated at any time for
      any reason, or no reason, with or without cause, and with or without
      notice, unless expressly provided in a written employment
      agreement.  Nothing in this Plan shall be deemed
    to

                

          
            
               

            

            
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Corporation 

      
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          Plan
Document

          
            

            

          

           

        

      

      
        	
                 
      

              	
                give
      a Participant the right to be retained in the service of any Employer,
      either as an Employee or a Director, or to interfere with the right of any
      Employer to discipline or discharge the Participant at any
      time.

              

      

       

      
        
          	
                  17.6

                	
                  Furnishing
      Information.  A
      Participant or his or her Beneficiary will cooperate with the Committee by
      furnishing any and all information requested by the Committee and take
      such other actions as may be requested in order to facilitate the
      administration of the Plan and the payments of benefits hereunder,
      including but not limited to taking such physical examinations as the
      Committee may deem necessary.

                

        

      

       

      
        
          	
                  17.7

                	
                  Terms.  Whenever
      any words are used herein in the masculine, they shall be construed as
      though they were in the feminine in all cases where they would so apply;
      and whenever any words are used herein in the singular or in the plural,
      they shall be construed as though they were used in the plural or the
      singular, as the case may be, in all cases where they would so
      apply.

                

        

      

       

      
        
          	
                  17.8

                	
                  Captions.  The
      captions of the articles, Sections and paragraphs of this Plan are for
      convenience only and shall not control or affect the meaning or
      construction of any of its
provisions.

                

        

      

       

      
        
          	
                  17.9

                	
                  Governing
      Law.  Subject
      to ERISA, the provisions of this Plan shall be construed and interpreted
      according to the internal laws of the State of Florida without regard to
      its conflicts of laws
principles.

                

        

      

       

      
        
          	
                  17.10

                	
                  Notice.  Any
      notice or filing required or permitted to be given to the Committee under
      this Plan shall be sufficient if in writing and hand-delivered, or sent by
      registered or certified mail, to the address
  below:

                

        

      

       

      
        	
                HEICO
      Corporation

              
	
                Attn:  Chief
      Financial Officer

              
	
                3000
      Taft Street

              
	
                Hollywood,
      Florida 33021

              

      

      

      Such
notice shall be deemed given as of the date of delivery or, if delivery is made
by mail, as of the date shown on the postmark on the receipt for registration or
certification.

       

      Any
notice or filing required or permitted to be given to a Participant under this
Plan shall be sufficient if in writing and hand-delivered, or sent by mail, to
the last known address of the Participant.

       

      
        
          	
                  17.11

                	
                  Successors.  The
      provisions of this Plan shall bind and inure to the benefit of the
      Participant’s Employer and its successors and assigns and the Participant
      and the Participant’s designated
Beneficiaries.

                

        

      

       

      
        
          	
                  17.12

                	
                  Spouse’s
      Interest.  The
      interest in the benefits hereunder of a spouse of a Participant who has
      predeceased the Participant shall automatically pass to the Participant
      and shall not be transferable by such spouse in any manner, including but
      not limited to such spouse’s will, nor shall such interest pass under the
      laws of intestate succession.

                

          
            
               

            

            
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      HEICO
Corporation 

      
        Leadership
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          Plan
Document

          
            

            

          

           

        

      

      
        
          	
                  17.13

                	
                  Validity.  In
      case any provision of this Plan shall be illegal or invalid for any
      reason, said illegality or invalidity shall not affect the remaining parts
      hereof, but this Plan shall be construed and enforced as if such illegal
      or invalid provision had never been inserted
  herein.

                

        

      

       

      
        
          	
                  17.14

                	
                  Incompetent.  If
      the Committee determines in its discretion that a benefit under this Plan
      is to be paid to a minor, a person declared incompetent or to a person
      incapable of handling the disposition of that person’s property, the
      Committee may direct payment of such benefit to the guardian, legal
      representative or person having the care and custody of such minor,
      incompetent or incapable person.  The Committee may require
      proof of minority, incompetence, incapacity or guardianship, as it may
      deem appropriate prior to distribution of the benefit.  Any
      payment of a benefit shall be a payment for the account of the Participant
      and the Participant’s Beneficiary, as the case may be, and shall be a
      complete discharge of any liability under the Plan for such payment
      amount.

                

        

      

       

      
        
          	
                  17.15

                	
                  Court
      Order.  The
      Committee is authorized to comply with any court order in any action in
      which the Plan or the Committee has been named as a party, including any
      action involving a determination of the rights or interests in a
      Participant’s benefits under the Plan.  Notwithstanding the
      foregoing, the Committee shall interpret this provision in a manner that
      is consistent with Code Section 409A and other applicable tax
      law.  In addition, if necessary to comply with a qualified
      domestic relations order, as defined in Code Section 414(p)(1)(B),
      pursuant to which a court has determined that a spouse or former spouse of
      a Participant has an interest in the Participant’s benefits under the
      Plan, the Committee, in its sole discretion, shall have the right to
      immediately distribute the spouse’s or former spouse’s interest in the
      Participant’s benefits under the Plan to such spouse or former
      spouse.

                

        

      

       

      
        
          	
                  17.16

                	
                  Distribution
      in the Event of Income Inclusion Under 409A.  If any
      portion of a Participant’s Account Balance under this Plan is required to
      be included in income by the Participant prior to receipt due to a failure
      of this Plan to meet the requirement of Code Section 409A and related
      Treasury guidance or Regulations, the Participant may petition the
      Committee or Administrator, as applicable, for a distribution of that
      portion of his or her Account Balance that is required to be included in
      his or her income.  Upon the grant of such a petition, the grant of which
      shall be at the Committee’s sole discretion, the Participant’s Employer
      shall distribute to the Participant immediately available funds in an
      amount equal to the portion of his or her Account Balance required to be
      included in income as a result of the failure of the Plan to meet the
      requirements of Code Section 409A and related Treasury guidance or
      Regulations, which amount shall not exceed the Participant’s unpaid vested
      Account Balance under the Plan.  If the petition is granted,
      such distribution shall be made within ninety (90) days of the date when
      the Participant’s petition is granted.  Such a distribution
      shall affect and reduce the Participant’s benefits to be paid under this
      Plan.

                

        

      

       

      
        
          	
                  17.17

                	
                  Deduction
      Limitation on Benefit Payments.  If an Employer
      reasonably anticipates that the Employer’s deduction with respect to any
      distribution from this Plan would be limited or eliminated by application
      of Code Section 162(m), then to the extent deemed necessary by the
      Employer to ensure that the entire amount of any distribution from this
      Plan is deductible, the Employer may delay payment of any amount that
      would otherwise be distributed from this
Plan.

                

          
            
               

            

            
              -29-

              
                

              

            

            
               

            

          

        

      

      HEICO
Corporation 

      
        Leadership
Compensation Plan

        
          Plan
Document

          
            

            

          

           

        

      

      
        	
                 
      

              	
                Any
      amounts for which distribution is delayed pursuant to this Section shall
      continue to be credited/debited with additional amounts in accordance with
      Section 3.9 above.  The delayed amounts (and any amounts
      credited thereon) shall be distributed to the Participant (or his or her
      Beneficiary in the event of the Participant’s death) at the earliest date
      the Employer reasonably anticipates that the deduction of the payment of
      the amount will not be limited or eliminated by application of Code
      Section 162(m).

              

      

       

      
        
          	
                  17.18

                	
                  Insurance.  The
      Employers, on their own behalf or on behalf of the trustee of the Trust,
      and, in their sole discretion, may apply for and procure insurance on the
      life of the Participant, in such amounts and in such forms as the Trust
      may choose.  The Employers or the trustee of the Trust, as the
      case may be, shall be the sole owner and beneficiary of any such
      insurance.  The Participant shall have no interest whatsoever in
      any such policy or policies, and at the request of the Employers shall
      submit to medical examinations and supply such information and execute
      such documents as may be required by the insurance company or companies to
      whom the Employers have applied for
insurance.

                

        

      

       

      IN
WITNESS WHEREOF, the Company has signed this Plan document, as re-amended, and
restated, effective January 1, 2009.

       

      
        	 
      	
                 “Company”

              
	 	 
	 
      	 
      
	 
      	
                HEICO
      Corporation, a Florida corporation

              
	 	 
	 	 
	 
      	
                By:  /s/
      Thomas S. Irwin

              
	 	 
	 
      	
                Title:
      Treasurer

              

      

      

        
          
             

          

          
            -30-Unassociated Document

    Exhibit
10.1

    

    SETTLEMENT
AGREEMENT

    

    THIS SETTLEMENT AGREEMENT (the “Agreement”) is
entered into this 1st day
of September, 2009 (the “Effective Date”), by and between Tamm Oil and Gas Corp.
(“TAMM”), Garry Tighe, William Tighe, Sean Dickenson, John Muzzin, Guido
Hilekes, Peter Schriber, Olaf Herr, Arthur Sulzer, LB (Swiss) Private Bank, Ltd.
and Rahn & Bodmer Co. (fka Rahn & Bodmer Banquiers) (collectively, the
“TAMM Parties”) on the one hand, and Deep Well Oil and Gas, Inc. (“DWOG”) on the
other. The TAMM Parties and DWOG are each referred to as a “Party” and are
collectively referred to as the “Parties.”

    

    RECITALS

    

    WHEREAS,
DWOG is a publicly traded Nevada corporation in the business of oil and gas
exploration and development, primarily focused on oil sands located in Alberta,
Canada;

    

    WHEREAS,
TAMM is a publicly traded Nevada corporation in the business of oil and gas
exploration and development, primarily focused on oil sands located in Alberta,
Canada;

    

    WHEREAS,
Garry Tighe is a citizen of Canada who resides at Dufourstrasse 85, CH- 8008,
Zürich, Switzerland;

    

    WHEREAS,
William Tighe is a citizen of Canada who resides at 245 Citadel Way NW, Calgary,
Alberta, CanadaT3G 4W8;

    

    WHEREAS,
Sean Dickenson is a citizen of Canada who resides at 203 2630 Arbutus Street,
Vancouver, Canada, A1 V6J 5L8;

    

    WHEREAS,
John Muzzin is a citizen of Canada who works for Muzz Investments, Inc., which
is located at 3779 34th
Street, Ladner (Delta), British Columbia, Canada V4K 3N2;

    

    WHEREAS,
Guido Hilekes is a citizen of The Netherlands who works at Medicor AG,
Gewerbestrasse 10, 6330 Cham, Switzerland;

    

    WHEREAS,
Peter Schriber is a citizen of Switzerland who lives at Gotthardstrasse 38,
CH-8002 Zürich, Switzerland;

    

    WHEREAS,
Olaf Herr is a citizen of Switzerland who works at LB (Swiss) Private Bank,
Ltd., Börsenstrasse 16, CH-8022, Zürich, Switzerland;

    

    WHEREAS,
Arthur Sulzer is a citizen of Switzerland who resides at Oberer Husliweg 33,
CH-8166, Niederweningen, Switzerland;

    

    WHEREAS,
LB (Swiss) Private Bank, Ltd. is a bank in Switzerland with principal executive
offices located at Börsenstrasse 16, CH-8022, Zürich, Switzerland

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    WHEREAS
Rahn & Bodmer Co. was formerly known as Rahn & Bodmer Banquiers and is a
bank in Switzerland with its offices located at Talstrasse 15, CH-8001 Zürich,
Switzerland;

    

    WHEREAS,
DWOG alleges, inter
alia, that the TAMM Parties engaged in an illegal tender offer targeting
DWOG, and in furtherance of the illegal tender offer conspired to take actions
that violated various federal and state laws;

    

    WHEREAS,
in light of DWOG’s allegations, certain disputes arose between the TAMM Parties
and DWOG, which led to a lawsuit filed by DWOG against the TAMM Parties in the
United States District Court, District of Nevada, Case No.:3:08-cv-00173-ECR-RAM
(the “Action”) (a true and correct copy of the First Amended Complaint of the
same is attached as Exhibit A);

    

    WHEREAS,
the TAMM Parties dispute the allegations made by DWOG, including the allegations
of jurisdiction;

    

    WHEREAS,
the Parties have reached a compromise and settlement of the disputes between
them and wish to fully and finally resolve the disputes between them, including
the Action, by entering into the Agreement, doing so freely and voluntarily,
after having received the benefit of independent counsel and with full knowledge
of the binding and conclusive nature thereof.

    

    NOW THEREFORE, based upon the
foregoing and the mutual covenants and agreements contained herein, the Parties
agree as follows:

    

    TERMS

    

    1.           The
obligations incurred pursuant to the Agreement shall be in full and final
disposition of the Action and any and all additional claims released
herein.

    

    2.           The Royalty Option. Effective
upon the Parties’ filing of the Stipulated Judgment of Dismissal of the Action
contemplated by this Agreement, TAMM hereby grants to DWOG an option (the
“Option”) to purchase all of the right, title and interest TAMM has in the
Royalty Agreement between Mikwec Energy Canada, Ltd. and Nearshore Petroleum
Corporation, dated December 12, 2003 (hereinafter the “Royalty Agreement”),
which right, title and interest Tamm acquired pursuant to the Acquisition of
Royalty Interest Agreement, dated November 26, 2007, between TAMM, on the one
hand, and Muzz Investments, Inc. and 1004731 Alberta Ltd., on the other, a true
copy of which is attached hereto as Exhibit B. TAMM warrants and represents it
has true and good right, title and interest to a royalty of 2% of the sales from
37 sections of Sawn Lake oil sands, pursuant and subject to the terms of the
Royalty Agreement and as set forth in the attached Exhibit B. TAMM’s said right,
title and interest in the Royalty Agreement shall hereinafter in the Agreement
be referred to as “Tamm’s Royalty Rights.” It is further agreed
that:

    

    
      	
               
      

            	
              ·

            	
              The
      purchase price of the Option (the “Purchase Price”) will be (a) the
      current fair market value of Tamm’s Royalty Rights as determined by Ryder
      Scott Company Canada (the “Engineering Firm”), less (b) USD $400,000 in
      acknowledgement of the costs and expenses of the Action incurred by
      DWOG;

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              ·

            	
              Within
      ten (10) business days of the execution of the Agreement, DWOG and TAMM,
      acting in good faith, shall jointly retain the Engineering Firm to
      complete an appraisal of the current fair market value of Tamm’s Royalty
      Rights, effective August 1, 2009 (the “Appraisal”). All fees and expenses
      incurred by the Engineering Firm to complete the Appraisal will be paid
      jointly in equal amounts by DWOG and TAMM. The Engineering Firm shall be
      required to complete the Appraisal within sixty (60) days of the later of
      the Effective Date or the date of the Engineering Firm’s engagement, or as
      soon as commercially reasonable thereafter so long as work on the
      Appraisal has commenced and is diligently being pursued. If, as mutually
      determined in good faith by DWOG and TAMM, Ryder Scott Company Canada
      cannot be retained or cannot or will not complete the Appraisal for any
      reason (other than as a result of a failure of either DWOG or TAMM to pay
      the engineering fees), AJM Petroleum Consultants shall be the Engineering
      Firm for purposes of this Section 2, and DWOG and TAMM, acting in good
      faith, shall retain it within ten (10) business days of the date DWOG and
      TAMM mutually determine Ryder Scott Company Canada is
      unacceptable.

            

    

    

    
      	
               
      

            	
              ·

            	
              The
      Option shall be exercisable at any time during the period commencing on
      the date the Engineering Firm issues the Appraisal and continuing until
      ninety (90) days after the date the Appraisal is issued (the “Option
      Term”). If unexercised, the Option shall expire at 5:00 p.m. (Pacific
      time) on the last day of the Option Term. The Option shall be exercisable
      by DWOG delivering to TAMM an irrevocable written notice to purchase
      Tamm’s Royalty Rights for the Purchase Price. Upon exercise of the Option,
      the Purchase Price shall be payable in (a) immediately available funds in
      an amount to be negotiated in good faith by DWOG and TAMM; and (b) a
      secured promissory note (the “Note”) for the balance of the Purchase Price
      upon commercially reasonable terms to be negotiated in good faith by DWOG
      and TAMM.

            

    

    

    
      	
               
      

            	
              ·

            	
              Nothing
      herein shall constitute or be construed as an admission by DWOG of the
      validity or enforceability of the Royalty
  Agreement.

            

    

    

    Notwithstanding
anything to the contrary in the Agreement, except for a reduction in the
Purchase Price as provided in this Section 2 as a result of an exercise of the
Option by DWOG, TAMM shall have no obligation of any kind whatsoever to give any
credit for, set off or otherwise pay any of the attorneys’ fees and costs of
DWOG.

    

    3.           Stipulated Dismissal.
Immediately upon execution of the Agreement, DWOG and the TAMM Parties shall
file a stipulation, substantially in the form of Exhibit C hereto, dismissing
the Action with prejudice as to all Parties, and without an award of attorneys’
fees and costs to any party. Any obligation on the part of TAMM or DWOG to
perform under the Agreement will be subject to and contingent upon the
stipulation to dismiss the Action with prejudice being filed in the Action and
the entry of an order of dismissal by the Court.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    4.           Removal of Legends. To the
extent legally permissible, and subject to applicable law, DWOG shall not
interfere with any attempt by the TAMM Parties to remove the restrictive legends
from shares of DWOG common stock beneficially owned by them, either directly or
indirectly through their clients. In addition, DWOG acknowledges that the
Termination and Rescission Agreements between certain of the TAMM Parties, dated
July 1, 2008 (the “Rescission Agreements,” true copies of which are attached
hereto as Exhibits D, E and F), speak for themselves, and DWOG understands them
to mean that all of the parties thereto intended to rescind all of the
transactions consummated under the Exchange Agreement (as defined in the
Rescission Agreements), including the issuance of the TAMM shares in exchange
for the DWOG shares, with the same effect as if the Exchange Agreement had never
been executed and delivered and such transactions had never been
consummated.

    

    5.           Board Designation. Effective
upon the dismissal of the Action, DWOG will take such steps as necessary to
increase DWOG’s board of directors by one board seat to be filled by a person
designated by TAMM who shall initially be Donald Hryhor (the “TAMM Director
Designee”). In the event of the resignation, death, removal or disqualification
of the TAMM Director Designee, TAMM shall promptly designate a Replacement TAMM
Director Designee, who shall be independent within the meaning of all major
stock exchange rules and shall otherwise meet the DWOG board’s standards for
being a director. DWOG shall nominate the Replacement TAMM Director Designee to
the board and take such action as necessary to assure a reasonably prompt vote
by the board on the nominee. In the event that the DWOG board does not approve
the Replacement TAMM Director Designee, then TAMM shall be entitled to designate
another Replacement TAMM Director Designee until a designee is approved by the
DWOG board. Thereafter, and continuing until all outstanding principal, interest
and other obligations to TAMM under the Note, if any, have been paid in full by
DWOG, at each meeting of, or action taken by, the DWOG stockholders for the
election of directors, DWOG shall include the TAMM Director Designee or any
Replacement TAMM Director Designee on DWOG’s slate of director nominees to be
elected. DWOG acknowledges that it has received a commitment from its board of
directors to take the action set forth in this Section 5, including approval of
Donald Hryhor as the TAMM Director Designee. The TAMM Director Designee or any
Replacement TAMM Director Designee shall be entitled to all of the same
benefits, rights and protections as each of the other directors of DWOG,
including any indemnification DWOG provides its directors.

    

    6.           Mutual Release. In
consideration of the terms of the Agreement and the performance of the
obligations hereunder, each Party hereby releases each other Party and each of
its respective officers, directors, employees, agents, attorneys, servants,
affiliates, representatives, parents, subsidiaries, predecessors, successors,
successors in interest, insurers, and each of them who might be liable, none of
whom admit any liability hereunder, but all dispute any liability, from any and
all matter of actions, causes of action, rights, claims, suits, debts,
covenants, accounts, contracts, controversies, agreements, liabilities, costs,
expenses, losses, damages, demands, judgments, levies, executions and/or causes
of action of whatsoever kind or nature, whether known or unknown and however
arising up to the Effective Date of the Agreement. Provided, however, that
nothing herein shall release any claims against 1132559 Alberta Ltd., a
corporation incorporated pursuant to the laws of the Province of Alberta, Canada
(“113 Alberta”), which, for the avoidance of doubt, the Parties hereby agree is
not a party subject to the provisions of the mutual release in this Section 6,
and 113 Alberta shall not release any claims it may have against any person or
entity.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    The
Parties further agree that each of them shall be deemed to have, and by
operation of the Stipulated Judgment of Dismissal with Prejudice entered in the
Action shall have, expressly waived and relinquished, to the fullest extent
permitted by law, any and all provisions, rights and benefits conferred by
Section 1542 of the California Civil Code, which provides:

    

    A general
release does not extend to claims which the creditor does not know or suspect to
exist in is or her favor at the time of executing the release, which if known by
him or her must have materially affected his or her settlement with the
debtor;

    

    and any
and all provisions, rights, and benefits of any law of the United States and/or
any state or territory of the United States, or principle of common law, which
is similar, comparable, or equivalent to Section 1542 of the California Civil
Code. Notwithstanding anything to the contrary in the Agreement, for the
avoidance of doubt, the Parties acknowledge that it is their intent that the
Agreement shall be governed by Nevada law as provided in Section 9
below.

    

    7.           Costs of Enforcement. In the
event any litigation or other proceeding is brought for the enforcement of the
Agreement, or is brought because of an alleged dispute, default,
misrepresentation, or breach arising from the Agreement, the prevailing Party in
such proceeding shall be entitled to recover reasonable attorneys’ fees, costs,
and expenses actually incurred in initiating or responding to such proceeding,
in addition to any other relief to which the prevailing Party may be
entitled.

    

    8.           Negotiated Agreement. Each
Party has had full opportunity to review and consider the contents of the
Agreement. All of the terms contained in the Agreement, including the Recitals
concerning the intentions of the Parties and the purpose of the Agreement, are
material terms. In the event that a dispute arises with respect to the
Agreement, no Party shall assert that any other Party is the drafter of the
Agreement for purposes of resolving ambiguities which may be contained
herein.

    

    9.           Choice of Law. The Agreement
shall be governed by the laws of the State of Nevada (without regard to any
principles of conflict of laws), and disputes concerning the Agreement shall be
heard in the state or federal courts of Reno, Nevada.

    

    10.           Severability. If any provision
of the Agreement, or the application of any such provision to any person or
circumstance, is held to be inconsistent with any present or future law, ruling,
rule or regulation of any court, governmental or regulatory authority having
jurisdiction over the subject matter of the Agreement, such provision shall be
deemed to be modified to the minimum extent necessary to comply, and the
remainder of the Agreement shall not be affected. If any provision is determined
to be illegal, unenforceable or void, then any such provision shall be severed
from the Agreement and the remainder of the Agreement shall be
enforceable.

    

    11.           Notices. Any notice required
or permitted to be given under the Agreement shall be in writing, sent
contemporaneously to all of the Parties, and shall be deemed to have been duly
given when delivered in person, or upon confirmation of receipt when transmitted
by electronic mail (if available) or by facsimile (if available), or on the next
business day if transmitted by national overnight courier, addressed in each
case as follows (which may change or be modified at any time in writing by
receiving Party):

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	 	(a) TAMM:	
              Tamm Oil
      & Gas Corp.

              Suite
      405

              505
      8th Ave SW, Calgary

              Canada
      T2P 1G2

              Attention:
      William Tighe

              Email:
      wtighe@tammoilandgas.com

            
	 	 	 
	 	With a copy
      to: 	      
              Greenberg
      Traurig, LLP

              3773
      Howard Hughes Parkway

              Suite
      400 North

              Las
      Vegas, NV 89169

              Attention:
      Thomas F. Kummer

              Email:
      kummert@gtlaw.com

              Facsimile:
      (702) 792-9002

            
	 	 	 
	 	(b) William
      Tighe:  	      
              c/o
      Tamm Oil & Gas Corp.

              Suite
      405

              505
      8th Ave SW, Calgary

              Canada
      T2P 1G2

              Attention:
      William Tighe

              Email:
      wtighe@tammoilandgas.com

            
	 	 	 
	 	With a copy
      to:	      
              Greenberg
      Traurig, LLP

              3773
      Howard Hughes Parkway

              Suite
      400 North

              Las
      Vegas, NV 89169

              Attention:
      Thomas F. Kummer

              Email:
      kummert@gtlaw.com

              Facsimile:
      (702) 792-9002

            
	 	 	 
	 	(c) Garry
      Tighe:    	      
              Dufourstrasse
      85

              CH-8008
      Zürich

              Switzerland

              Attention:
      Garry Tighe

            
	 	 	 
	 	With a copy
      to:   	      
              Baker
      & McKenzie LLP

              Two
      Embarcadero Center

              11th Floor

              San
      Francisco, California 94111-3802

              Attention:
      Robert W. Tarun

              Email:
      robert.w.tarun@bakernet.com

              Facsimile:
      (415) 576-3099

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

      
        	 	(d) Sean
      Dickenson:	
                      
                  990
      Jeffferson

                  West
      Vancouver, British Columbia

                  Canada
      V7T 2A4

                  Email:
      sdickenson@shaw.ca

                

              
	 	 	 
	 	With a copy
      to: 	      
                      
                  Greenberg
      Traurig, LLP

                  3773
      Howard Hughes Parkway

                  Suite
      400 North

                  Las
      Vegas, NV 89169

                  Attention:
      Thomas F. Kummer

                  Email:
      kummert@gtlaw.com

                  Facsimile:
      (702) 792-9002

                

              
	 	 	 
	 	(e) John
      Muzzin:	      
                      
                  c/o
      Muzz Investments, Inc.

                  3779
      34th
      Street

                  Ladner
      (Delta), British Columbia

                  Canada
      V4K 3N2

                

              
	 	 	 
	 	With a copy
      to:	      
                      
                  Baker
      & McKenzie LLP

                  Two
      Embarcadero Center

                  11th Floor

                  San
      Francisco, California 94111-3802

                  Attention:
      Robert W. Tarun

                  Email:
      robert.w.tarun@bakernet.com

                  Facsimile:
      (415) 576-3099

                

              
	 	 	 
	 	(f) Guido
      Hilekes: 	      
                      
                  c/o
      Medicor AG Switzerland

                  Gewerbestrasse
      10

                  CH-6330
      Cam-Zug

                  Switzerland

                

              
	 	 	 
	 	With a copy
      to:   	      
                      
                  Baker
      & McKenzie LLP

                  Two
      Embarcadero Center

                  11th Floor

                  San
      Francisco, California 94111-3802

                  Attention:
      Robert W. Tarun

                  Email:
      robert.w.tarun@bakernet.com

                  Facsimile:
      (415) 576-3099

                

              
	 	 	 
	 	(g) Peter
      Schriber: 	      
                Gotthardstrasse
      38

                Ch-8002
      Zürich

                Switzerland

              
	 	 	 
	 	With a copy
      to:   	      
                Baker
      & McKenzie LLP

                Two
      Embarcadero Center

                11th Floor

                San
      Francisco, California 94111-3802

                Attention:
      Robert W. Tarun

                Email:
      robert.w.tarun@bakernet.com

                Facsimile:
      (415) 576-3099

              

      

       

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

      
        	 	(h) Olaf
      Herr: 	
                      
                  

                    c/o
      LB (Swiss) Private Bank, Ltd.

                    Börsenstrasse
      16

                    CH-8022
      Zürich

                    Switzerland

                    Email:
      olaf.herr@lbswiss.ch

                    Facsimile:
      +41 44 265 44 11

                  

                

              
	 	 	 
	 	With a copy
      to: 	      
                      
                        
                    Duane
      Morris LLP

                    100
      North City Parkway

                    Suite
      1560

                    Las
      Vegas, Nevada 89106

                    Attn:
      Dominica C. Anderson

                    Email:
      dcanderson@duanemorris.com

                    Facsimile:
      (702) 974-1058

                  

                

              
	 	 	 
	 	(i) Arthur
      Sulzer:	      
                      
                        
                    Oberer
      Husliweg 33

                    CH-8166
      Niederweningen

                    Switzerland

                  

                

              
	 	 	 
	 	With a copy
      to:	      
                      
                        
                    Baker
      & McKenzie LLP

                    Two
      Embarcadero Center

                    11th Floor

                    San
      Francisco, California 94111-3802

                    Attention:
      Robert W. Tarun

                    Email:
      robert.w.tarun@bakernet.com

                    Facsimile:
      (415) 576-3099

                  

                

              
	 	 	 
	 	
                (j) LB
      (SWISS)

                Private Bank Ltd.:

              	      
                      
                   

                  
                    LB
      (Swiss) Private Bank, Ltd.

                    Börsenstrasse
      16

                    CH-8022
      Zürich

                    Switzerland

                    Email:
      privatebanking@lbswiss.ch

                    Facsimile:
      +41 44 265 44 11

                  

                

              
	 	 	 
	 	With a copy
      to:   	      
                      
                        
                    Duane
      Morris LLP

                    100
      North City Parkway

                    Suite
      1560

                    Las
      Vegas, Nevada 89106

                    Attn:
      Dominica C. Anderson

                    Email:
      dcanderson@duanemorris.com

                    Facsimile:
      (702)
974-1058

                  

                

              

      

       

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

       

      
        	 	(k) Rahn &
      Bodmer Co.:	
                      
                  

                          
                      Rahn
      & Bodmer Co.

                      Talstrasse
      15

                      CH-8001
      Zürich

                      Switzerland

                      Email:
      theo.hauenstein@rahnbodmer.ch

                      Facsimile:
      +41 44 639 11 39

                    

                  

                

              
	 	 	 
	 	With a copy
      to: 	      
                      
                        
                          
                      Duane
      Morris LLP

                      100
      North City Parkway

                      Suite
      1560

                      Las
      Vegas, Nevada 89106

                      Attn:
      Dominica C. Anderson

                      Email:
      dcanderson@duanemorris.com

                      Facsimile:
      (702)
    974-1058

                    

                  

                

              
	 	 	 
	 	(l)
      DWOG: 	      
                      
                        
                          
                      Deep
      Well Oil & Gas, Inc.

                      Suite
      700, 10150-100 Street

                      Edmonton,
      Alberta

                      Canada
      T5J 0P6

                      Email:
      haschmid@deepwelloil.com

                      Facsimile:
      (780)
    409-8146

                    

                  

                

              
	 	 	 
	 	With a copy
      to:	      
                      
                        
                          
                      Dorsey
      & Whitney, LLP

                      1420
      Fifth Avenue, Suite 3400

                      Seattle,
      Washington 98101-4010

                      Attention:
      David M. Jacobson

                      Email:
      jacobson.david@dorsey.com

                      Facsimile:
      (206)
    260-9177

                    

                  

                

              

      

       

    

    All
facsimile, pdf, and electronic signatures shall have the same force and effect
as original signatures.

    

    12.           Entire Agreement. The
Agreement constitutes the entire agreement among the Parties hereto concerning
the settlement of the Action, and all representations or understandings relied
upon by any Party to the Agreement are merged into and made a part
hereof.

    

    13.           No Disparagement. The Parties
hereto agree not to disparage each other, their officers, directors, employees
or counsel or the Agreement.

    

    14.           Modifications. The Agreement
may not be modified or amended, nor may any of its provisions be waived, except
by an express writing signed by all Parties hereto or their
successors-in-interest; provided, however, that Section 2 of the Agreement may
be modified or amended by an express writing signed by DWOG and
TAMM.

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

       

    

    15.           Waiver. The waiver by one
Party of any breach of the Agreement by any other Party shall not be deemed a
waiver of any other prior or subsequent breach of the Agreement.

    

    16.           Authority. The Parties, their
counsel and any other person executing the Agreement warrant and represent that
they have the full authority to do so and that they have the authority to take
appropriate action required or permitted to be taken pursuant to the Agreement
to effectuate its terms.

    

    17.           Headings. The headings herein
are used for the purpose of convenience only and are not meant to have legal
effect.

    

    18.           Counterparts. The Agreement
may be executed in any number of counterparts, each of which may be deemed an
original, and all of which together will constitute one instrument.

    

    IN WITNESS WHEREOF, the
Parties hereto, as attested by their duly authorized representatives, have
executed the Agreement as of the Effective Date, set forth above.

    

    
      	
              Deep
      Well Oil & Gas, Inc.

            	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
              By:

            	
              /s/
      Horst A. Schmid

            	 
      	 
      	 
      
	
              Name:

            	
              Horst
      A. Schmid

            	 
      	 
      	 
      
	
              Its:

            	
              President
      and CEO

            	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
              Tamm
      Oil and Gas Corp.

            	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
              By:

            	
              /s/
      William S. Tighe

            	 
      	 
      	 
      
	
              Name:

            	
              William
      S. Tighe

            	 
      	 
      	 
      
	
              Its:

            	
              CEO

            	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
              /s/
      William S. Tighe

            	 
      	
              /s/
      Garry Tighe

            
	
              William
      Tighe, an individual

            	 
      	
              Garry
      Tighe, an individual

            
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
              /s/
      Sean Dickenson

            	 
      	
              /s/
      John Muzzin

            
	
              Sean
      Dickenson, an individual

            	 
      	
              John
      Muzzin, an individual

            
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
              /s/
      Guido Hilekes

            	 
      	
              /s/
      Peter Schriber

            
	
              Guido
      Hilekes, an individual

            	 
      	
              Peter
      Schriber, an individual

            
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
              /s/
      Olaf Herr

            	 
      	
              /s/
      Arthur Sulzer

            
	
              Olaf
      Herr, an individual

            	 
      	
              Arthur
      Sulzer, an individual

            

    

     

    
      	
              LB
      (SWISS) Private Bank Ltd.

            	 
      	
              Rahn
      & Bodmer Co.

            
	 
      	 
      	 
      	 
      	 
      
	
              By:

            	
              /s/
      Holger Mai and /s/ Georg Gross

            	 
      	
              By:

            	
              /s/
      Urs Angst and /s/ Theo Hauenstein

            
	
              Name:

            	
              Holger
      Mai and Georg Gross

            	 
      	
              Name:

            	
              Urs
      Angst and Theo Hauenstein

            
	
              Its:

            	 
      	 
      	
              Its:

            	
              Senior
      Vice President and Assistant Vice President

            
	 
      	 
      	 
      	 
      	 
      

    

     

    
      
         

      

      
        10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]