Document:

AMENDMENT 005 TO SPECIAL BUSINESS PROVISIONS

 Exhibit 10.1 
 Portions of this Exhibit 10.1 have been omitted based upon a request for confidential treatment. This Exhibit 10.1, including the non-public information, has been filed separately with the U.S. Securities
and Exchange Commission. “[*]” designates portions of this document that have been redacted pursuant to the request for confidential treatment filed with the U.S. Securities and Exchange Commission. 

AMENDMENT 005 
 TO

 SPECIAL BUSINESS PROVISIONS - SBP-65310-2007 
 BETWEEN 
 THE BOEING COMPANY 

AND 
 Titanium
Metals Corporation 
 This Amendment (“Amendment”) to Special Business Provisions, 65310-2007 is entered into as of
06/17/2011 between Titanium Metals Corporation, a Delaware Corporation (“Seller”) and The Boeing Company, a Delaware Corporation (“Boeing”). Hereinafter, the Seller and Boeing may be referred to jointly as “Parties”
hereto. 
 Now, therefore, in consideration of the mutual covenants set forth herein, the Parties agree as follows: 

RECITALS 
 A. The Parties
entered into Special Business Provisions (the “2009 SBP”) 65310-2007 on 01/01/2011. 
 B. The most recent amendment to the Special
Business Provisions is 004, dated 01/01/2011. 
 C. The Parties wish to amend the SBP, * and Contract Extension, as set forth herein.

 AGREEMENTS 

Now, therefore, the Parties agree as follows: 

1. Section 3.1.1 of the 2009 SBP is hereby amended and restated in its entirety as follows: 

“The period of performance for this SBP shall include initial manufacturing activities required to support delivery of Products
beginning on January 1, 2011 and ending on December 31, 2018.” 
 2. For 2011, the Boeing Minimum Volume set forth in
Section 2.0.A of Attachment 1 to the 2009 SBP shall be * of Product 
 3. Add the following as Section 2.0 (A) 1
of Attachment 1 to the 2009 SBP: For each year commencing January 1, 2016 through December 31, 2018, the Boeing Minimum Volume shall be * of Product and Boeing’s maximum volume shall be * of Product, except that in any such year
Boeing may purchase a lesser amount of Product based upon the formulas in the “Revised Build Rate Calculator,” an example calculation is attached hereto as Exhibit A. In addition, prior to December 31, 2014, Boeing will competitively
bid Boeing’s remaining Product volume controlled through * for 2016 through 2018 and guarantees TIMET the right to compete for this volume so that, if successful, TIMET will capture a * share of the * controlled volume. 

  
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	 SPECIAL BUSINESS PROVISIONS
 SBP-65310-2007
 Amendment No. 005
	 	

  

Effective January 1, 2016, Sections 2.0(C)1 thru 2.0(C)4 of Attachment 1 to the 2009 SBP are hereby deleted in their
entirety. 
 Mill Products supplied by TIMET into an independent supply chain developed by TIMET with a third
party in support of Boeing (e.g. forgers, machine shops or fabricators) shall not count toward Boeing’s Minimum Volume. 

4. Add the following as a second paragraph to section 1.02 in Attachment 1 to the 2009 SBP: The Base Price for contract years 2016 though
2018 will be calculated by multiplying the 2012 Base Price by *. In addition to the adjustments set forth in the 2009 SBP, an inflationary adjustment will be computed in accordance with the inflationary index attached hereto as Exhibit B. Base Price
adjustments shall only be made for inflationary increases of *. The Base Price adjustments shall only apply to alloy and size. The inflationary price adjustment shall be calculated and applied for all Products commencing delivery January 1,
2017. 
 5. Add the following as a third paragraph to section 16.2 (B) of the 2009 SBP: Commencing January 1, 2016,
Boeing’s Required Scrap Volume shall be equal to at least * by volume of Boeing’s actual purchased volume of Products during the same calendar quarter. In the event that for more than * (i) the difference between the Metalprices.com
scrap price for “6-4 Aero Quality Turnings” and TIMET’s scrap purchase price exceeds * or (ii) the Metalprices.com scrap price for “6-4 Aero Quality Turnings” is above *, Boeing and Seller will engage in commercially
reasonable negotiations to reduce the imbalance in a manner such that the value to Seller/Boeing is equivalent to the value that would be received if Boeing were supplying * of its scrap volume at Metalprices.com prices for “6-4 Aero Quality
Turnings.” 
 6. Section 16.2 (C) (2) of the 2009 SBP is hereby deleted in its entirety. 

7. Section 16.3 of the 2009 SBP is hereby amended and restated in its entirety as follows: 

“Boeing shall complete qualification and issue any documentation necessary to authorize TIMET to produce and supply Electron Beam
Single Melt (EBSM) Ti 6-4 flat Products as required to all Boeing suppliers as an equivalent product for the currently provided multi melt 6-4 Product (BMS or AMS specifications) no later than January 1, 2014 — “EBSM Project.”

 The necessary parties from TIMET and Boeing (example – BR&T, Procurement, Program Management, R&D, and
Commercial) will meet following execution of this First Amendment in order to establish a timeline on or before July 31, 2011 outlining the major milestones required to complete the EBSM Project as soon as commercially reasonable. In order to
ensure both parties are meeting obligations to the timeline and that obstacles are identified and overcome in an expedited manner, Boeing and TIMET will meet monthly to review the EBSM Project status against the agreed timeline. The meetings will
include review of all elements impacting the EBSM Project, review of previous actions to be completed, and agreement on future actions. If the EBSM Project falls behind the targeted milestones and either party believes that the project cannot be
recovered to the original timeline, then senior leadership from each company (EVP Commercial – TIMET, Director Common Commodities – Boeing) will meet within 10 business days with the team to reestablish a mutually agreed expedited timeline
for the EBSM Project completion. 

  
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	 SPECIAL BUSINESS PROVISIONS
 SBP-65310-2007
 Amendment No. 005
	 	

  
 8. Boeing acknowledges
that Seller will only supply Products directly to Boeing, directly to Boeing’s suppliers, or directly to Boeing or its suppliers through Seller’s service center network. 

9. Other than as set for in this Amendment 005, SBP-65310-2007 and AMENDMENT 009 to GTA-65310-2007, those documents remain in full force
and effect in accordance with their terms. 
  

	10.	 All other provisions of the SBP shall remain unchanged and in full force and effect. 

11. This Amendment 005 constitutes the complete and exclusive Agreement between the parties with respect to the Amendment set forth
herein. It supersedes all previous agreements between the parties relating to this Amendment, whether written or oral. 
  

	12.	 This Amendment shall be governed by SBP 5.0 Applicable Law. 

EXECUTED in duplicate as of the date and year first set forth below by the duly authorized representatives of the parties. 

 

			
	BOEING	  	SELLER
		
	THE BOEING COMPANY	  	Titanium Metals Corporation
		
	Signature: /s/ Bob A. Hawk Jr.	  	Signature: /s/ David L. Wiles
		
	Printed Name: Bob A. Hawk Jr.	  	Printed Name: David L. Wiles
		
	Title: Procurement Agent	  	Title: Boeing Account Manager

  
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	 SPECIAL BUSINESS PROVISIONS
 SBP-65310-2007
 Amendment No. 005
	 	

  
 Exhibit A

  

									
	Build Rate Calculator (BRC)
	Aircraft	 	 lbs Buy
 Weight
	 	 Current
 Year +1
 monthly

build rate
	 	 TIMET
 Minimum
 Factor
	 	 Annual
 TIMET
 Target
 Minimum

	*	 	*	 	*	 	*	 	*
	*	 	*	 	*	 	*	 	*
	*	 	*	 	*	 	*	 	*
	*	 	*	 	*	 	*	 	*
		 		 		 		 	 
		 		 		 		 	*
		 		 		 		 	 

  
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	 SPECIAL BUSINESS PROVISIONS
 SBP-65310-2007
 Amendment No. 005
	 	

  
 Exhibit B

 Price Adjustment Formula for annual inflation 
 The following price adjustment formula shall be calculated for all products The effective price will be calculated every twelve (12) months in the fourth quarter of the current year for application
on January 1st of the upcoming year. The annual inflation adjustment will only be applicable when inflation is at, or exceeds, * annually. If inflation is less than * there will be no price adjustment as a result of inflation. 

Inflation will be reviewed annually in the forth quarter of each year using Series ID number CUUR0000SA0 (Consumer Price Index - All
Urban Consumers) as published by the Bureau of Labour Statistics to determine the annual inflation adjustment. 
 The following
formula(s) and table will be used to calculate the inflation adjustment (if applicable) 
 Price eff = Price × IC 

 

			
	Inflation Weighting Factor
	 Ingot -
	  	 *

	 Billet- Round
	  	 *

	 Billet- Rect
	  	 *

	 Bar - Round
	  	 *

	 Bar - Rect
	  	 *

	 Coil -
	  	 *

	 Sheet -
	  	 *

	 Plate -
	  	 *

 Where: 
 “Price eff” means the effective price for the upcoming calendar year. Inclusive of the Base Price, and any applicable inflation adjustment. Effective Price does not include the “Cost
Element” Adjustment. The Effective price in any year will become the Base Price in the following year. 
 “Base
Price” means the current annual price (less any adjustments resulting from the “Cost Element Adjustment” for raw materials price adjustments as described in paragraph in SBP Attachment 1 Paragraph 1.03 . 

IC    =        Inflationary Component 

IC    = * 
 Where: IC n = Consumer Price Index for “All Urban Consumers” (Series ID CUUR0000SA0) Average Value for the current year n (October n-1 through September n). 

And IC n-1 = Consumer Price Index for “All Urban Consumers” (Series ID CUUR0000SA0) Average Value for the prior year n-1
(October n-2 through September n-1). 

  
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	 SPECIAL BUSINESS PROVISIONS
 SBP-65310-2007
 Amendment No. 005
	 	

  
 And IWF = Inflation factor (IWF is
used to reflect different inflation levels used in different products) 
 SAMPLE CALCULATION 

THESE SAMPLE CALCULATIONS ARE PROVIDED FOR ILLUSTRATION PURPOSES ONLY AND DO NOT REPRESENT AN ACTUAL CALCULATION OF PRICES HEREUNDER 

Assumptions: 
  

					
	 Product 2” 6AL-4V plate
	  			
	 Annual Base price for 2” plate g
	  	 	*	  
	 IC
n avg of Oct 2015 through Sept 2016 g
	  	 	235.714	  
	 IC
n-1 avg of Oct 2014 through Sept 2015 g
	  	 	221.721	  

 Calculation made in * – new price effective * 

 

	•	 	 Basel Price = * 

  

	•	 	 IC n = Average of BLS Series CUUR0000SA0 (Oct 2015 – Sep 2016) = 235.714 

  

	•	 	 IC n-1 = Average of BLS Series CUUR0000SA0 (Oct 2014 – Sep 2015) = 221.721 

 Price eff = * 
 = * 

=        * 
 =        * 

  
 6Amended and Restated Summary of Non-Employee Director Compensation (June 2011)

 Exhibit 10.7 
 HYATT HOTELS CORPORATION 
 AMENDED AND RESTATED SUMMARY OF NON-EMPLOYEE DIRECTOR
COMPENSATION 
 (Effective June 15, 2011) 

All non-employee Directors of Hyatt Hotels Corporation (“HHC”) will be entitled to receive the following compensation pursuant to
the Non-Employee Director Compensation Program (the “Program”) effective on and after June 15, 2011: 
  

	I.	BOARD RETAINERS AND COMMITTEE FEES: 

 Members
will be entitled to both annual retainers for service on the board of directors of HHC (the “Board”) as well as service as members on any committee of the Board1 in the following amounts: 

Board Annual Retainers: 
  

	 	•	 	 $70,000 annual cash retainer (“Annual Fee”). The Annual Fee will be paid on a quarterly basis. Directors will receive a check for $17,500 after
the end of each fiscal quarter, but may elect to receive all or a portion of the Annual Fee in shares of HHC Class A Common Stock (“Stock”). If shares of Stock are selected, the date of grant will be the penultimate business
day of the fiscal quarter and will be considered delivered on such date. The Stock will be reflected in the brokerage account established by HHC for the Director. If a Director ceases to be a member of the Board during a fiscal quarter, the Director
shall receive after the end of such fiscal quarter a pro-rata portion of the $17,500 based on the number of days in the quarter in which the Director served on the Board. 

 

	 	•	 	 $105,000 payable in the form of shares of Stock (“Annual Equity Retainer”). The Annual Equity Retainer will be paid on the date of HHC’s annual
meeting of stockholders at which directors are elected each year (the “Annual Meeting”), payable in arrears for service since the prior Annual Meeting. The Stock will be reflected in the brokerage account established by HHC for the
Director. If a Director ceases to be a member of the Board prior to the next Annual Meeting, then such Director shall receive a pro-rata Annual Equity Retainer based on the number of days in which the Director served as a Director divided by the
number of days between Annual Meetings, determined and payable at the Annual Meeting following the date such Director ceased to be a member of the Board. 

 

	 	•	 	 Newly elected Directors will receive $75,000 payable in the form of Stock (“Initial Equity Retainer”). The Initial Equity Retainer will be
payable on the date of election or appointment as a Director equal to the value of $75,000 in Stock. 

 Committee Retainers:

  

	 	•	 	 $3,000 annual cash retainer for members of Committees other than Audit Committee 

 

	 	•	 	 $9,000 annual cash retainer for members of Audit Committee. 

 Committee Chair Retainers:2

  

	 	•	 	 $25,000 annual cash retainer for Audit Committee Chair. 

  

	 	•	 	 $25,000 annual cash retainer for Compensation Committee Chair. 

  

	 	•	 	 $6,000 annual cash retainer for all other Committee Chairs. 

 

	1 	Committee retainers and fees will be paid in cash only and Directors will not have the right to elect to receive Stock or RSUs in lieu of cash. 

	2 	Committee Chairs receive only the Committee Chair retainer and not the committee retainer. The Committee Chair Retainers and Committee Retainers will be paid in quarterly
installments on the penultimate business day of the quarter based on the Committee Chair’s and member of Committee’s service for such quarter. 

	II.	DIRECTORS DEFERRED COMPENSATION PLAN 

  

	 	•	 	 Directors may defer receipt of all or any portion of their Annual Fee or Annual Equity Retainer (collectively the “Retainer”) pursuant to a
Directors’ Deferred Compensation Plan (the “Deferred Plan”). 

  

	 	•	 	 Amounts deferred under the Deferred Plan will be denominated in restricted stock units (each an “RSU”), which entitles the Director the right to
receive shares of Stock (not subject to restrictions other than the minimum ownership requirements described below) at a set time in the future. 

  

	 	•	 	 RSUs do not entitle the Director to rights as a stockholder. Stock will be issued and delivered in settlement of the RSU automatically on the earlier of the
Director’s termination of service as a Director for any reason, or a change of control (within the meaning of the current LTIP). However, at the time of the election to receive RSUs, a Director may elect to have the Stock delivered in
settlement of the RSU in the fifth calendar year after deferral.3

  

	 	•	 	 RSUs will carry dividend equivalent rights for each RSU. In the event that HHC pays dividends, dividend equivalent rights entitle the Director to receive
dividends on the RSUs as if they were actually issued shares of Stock. 

  

	III.	OTHER TERMS 

  

	 	•	 	 Deferral Elections: To the extent a Director desires to defer receipt of all or any part of the Retainers under the Deferred Plan, such election must be
made on or prior to December 31 of the prior calendar year. Once an election to defer is made, it may be revoked and changed only for future years. 

 

	 	•	 	 Calculation of Number of Shares of Stock or RSUs: The number of shares of Stock or shares subject to RSUs to be delivered to a Director will be calculated
by dividing the dollar amount of the relevant entitlement by the fair market value of a share of Stock at the closing price of Stock on the date of the grant. Only whole shares of Stock or RSUs will be issued by rounding up to the next whole share
of Stock, except with respect to the Annual Fee, and any remaining partial value for a fiscal quarter will be accumulated and allocated to the next fiscal quarter, however, in the last fiscal quarter, the value of the grant will be rounded up to the
next whole share of Stock. 

  

	 	•	 	 Vesting: All shares of Stock or RSUs will be immediately vested. 

 

	 	•	 	 Minimum Required Ownership: Each non-employee Director must accumulate and own, directly or indirectly, at least $225,000 worth of the Company’s
common stock (or common stock equivalents held under the Deferred Plan) at all times during his or her tenure on the Board; provided, that existing non-employee Directors will have until November 30, 2014 to meet this ownership requirement and
any new non-employee Directors will have up to five (5) years of service on the Board to meet this ownership requirement. If the market value of a Director’s stock should fall below $225,000 (following the relevant accumulation period),
such Director shall not be permitted to sell any of the Company’s common stock until the market value shall once again exceed $225,000 (other than in connection with a change of control transaction). 

 

	3 	Delivery of the Stock cannot be accelerated other than on termination as a Director or Change in Control. Delivery of the Stock may be deferred beyond five years, but such
deferral must be for at least an additional five years and the election to delay delivery must be made at least 12 months prior to the year in which the Stock was otherwise to be delivered. 

	IV.	TAX TREATMENT OF STOCK AND RSUs: 

  

	 	•	 	 Directors will be taxed as ordinary income on the value of the Stock on the date the Stock is issued and delivered. The capital gain and Rule 144 holding periods
both begin on such date. 

  

	 	•	 	 Directors will not be taxed on RSUs until the actual shares are issued and delivered. At that time, the value of the shares delivered will be taxable as
ordinary income. For purposes of Rule 144 and capital gain tax rules, the relevant “holding period” does not begin until the shares (as opposed to RSUs) are actually issued.

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