Document:

exv10w1

Exhibit 10.1

AMENDMENT TO THE

SPIRIT AEROSYSTEMS HOLDINGS, INC.

AMENDED AND RESTATED EXECUTIVE INCENTIVE PLAN

     THIS AMENDMENT (“Amendment”) to the Spirit AeroSystems Holdings, Inc. Amended and Restated
Executive Incentive Plan (the “Plan”) is made by Spirit AeroSystems Holdings, Inc. (the “Company”),
as sponsor of the Plan.

     WHEREAS, the Company sponsors the Plan and has reserved the unilateral right to amend the Plan
pursuant Section 8.01 of the Plan; and

     WHEREAS, it has become desirable to amend the Plan to extend the time-based service condition
applicable to Restricted Shares under Section 5.02.C. of the Plan for certain key officers of the
Company in an effort to secure further services from them; and

     WHEREAS, the Company’s board of directors has reviewed the terms and provisions of this
Amendment and found them acceptable.

     NOW, THEREFORE, on the basis of the foregoing premises, the Plan is hereby amended as follows:

     1. Modification of Period of Service. Section 5.02.C. of the Plan is amended in its
entirety to read as follows:

	 	C.	 	Period of Service. The percentage determined under this
Paragraph C. upon a Liquidity Event shall be as follows:

	 	1.	 	For each Participant actively performing services for
the Employer on the date of the Liquidity Event, 100%; and
	 
	 	2.	 	For each Participant not actively performing services
for the Employer on the date of the Liquidity Event, the applicable
percentage corresponding to the number of years of service after the
Grant Date (as defined below) with which the Participant has been
credited under the Plan, determined by the Committee in its Sole
Discretion in accordance with the following table.

	 	 	 	 	 
	Years	 	Applicable	 
	of Service	 	Percentage	 
	Less than 1
	 	 	0.00	%
	1 but less than 2
	 	 	20.00	%
	2 but less than 3
	 	 	40.00	%
	3 but less than 4
	 	 	60.00	%
	4 but less than 5
	 	 	80.00	%
	5 or more
	 	 	100.00	%

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	 	 	 	Except as otherwise provided in this Section 5.02.C., a Participant
shall be credited with one year of service after the Closing Date
for each 12-month period ending on an anniversary of the date
Restricted Shares were granted to the Participant (the “Grant Date,”
except that if the date of grant is within 60 days of the Closing
Date, the Grant Date shall be deemed to be the Closing Date) during
which the Participant had continuously performed services for the
Employer.

	 	 	 	Notwithstanding the foregoing, the following overriding rules will apply in
determining a Participant’s percentage under this Section 5.02.C.:

	 	(1)	 	With respect to any Participant who was employed by the
Employer on the Closing Date and who is an executive officer of the
Company on the fifth anniversary of the Grant Date, such Participant
will not be credited with a fifth year of service after the Grant Date
for purposes of this Section 5.02.C. unless and until the earlier to
occur of the following: (i) September 12, 2010, if the Participant
remains continuously employed by the Employer until such date; or (ii)
the date of the Participant’s Separation from Service due to death or
disability, if such separation occurs on or after the fifth anniversary
of the Grant Date and on or before September 12, 2010. For purposes of
this subparagraph, a Participant will be deemed to have incurred a
Separation from Service due to disability if the Participant qualifies
for benefits under the Employer’s long-term disability insurance
program as a result of such separation.
	 
	 	(2)	 	The Committee may, in its Sole Discretion, credit a
Participant with additional years of service after the applicable Grant
Date or otherwise increase the percentage determined under this
Paragraph C., if the Committee, in its Sole Discretion, determines it
is in the best interests of the Company to do so.

     2. Remaining Provisions. All remaining provisions of the Plan will continue in full
force and effect.

     3. Capitalized Terms. Any capitalized terms not specifically defined herein will have
the meanings set forth in the Plan.

     4. Effective Date. This Amendment will be effective from and after the date of its
approval and adoption by the Board of Directors (the “Effective Date”).

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     IN WITNESS WHEREOF, this Amendment is executed by a duly authorized representative of the
Company on the 2nd day of February, 2010, to be effective as of the Effective Date.

	 	 	 	 	 	 	 	 	 
	 	 	SPIRIT AEROSYSTEMS HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 		 	/s/ Gloria Farha Flentje	 	 
	 	 	Name:	 	Gloria Farha Flentje	 	 
	 	 	Title:	 	Senior
Vice President Corporate Administration and Human Resources	 	 

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EXHIBIT 10.1

LOAN AGREEMENT

THIS LOAN AGREEMENT (this
“Agreement”) is made as of April 29, 2010 by and between
TopSpin Medical, Inc. (the “Company”) a corporation incorporated
under the laws of the State of Delaware with its address at 65 Rothschild Bld.,
Tel-Aviv, Israel and Medgenesis Partners Ltd. (the “Lender”), a
corporation incorporated under the laws of the state of Israel with its address
at 27 Lechi St., Bnei Brak, Israel.

WHEREAS, the
Company’s securities are publicly traded on the Tel Aviv Stock Exchange
(the “TASE”); and

WHEREAS,
Dr. Ascher Shmulewitz, the controlling shareholder in the Lender, is a
current shareholder of the Company; and

WHEREAS, the Company
requires infusion of emergency funds for certain dedicated uses and Lender has
consented to provide the Company a loan subject to the terms and conditions set
forth herein; and

NOW, THEREFORE, in consideration of the
mutual promises, covenants, conditions, representations and warranties set
forth herein, the Lender and the Company hereby agree as follows:

	1.	 	Termination of the Investment Agreement. The parties hereby agree,
by mutual consent, to terminate the Investment Agreement between the Company
and the Lender dated January 27, 2010 (the “Investment
Agreement”), and consider funds paid to the Company pursuant to the
Investment Agreement as part of the Principal as detailed in Section 2.1
below.

	2.	 	The Principal & Permitted Uses. The Lender hereby agrees to
provide a loan to the Company, upon the terms and subject to the conditions
hereunder, in an amount of US $353,804, (the “Principal”) for use
by the Company solely for the “Permitted Uses” set out hereinbelow
and no other uses shall be allowed without the prior written consent of the
Lender:

	 	2.1	 	US $53,804 paid to the Company on February 1, 2010, pursuant to the
Investment Agreement, were used for on-going expenses of the Company.

	 	2.2	 	The payment of outstanding fees of Pepper Hamilton LLP, 1313 Market
Street, Suite 5100, Wilmington DE 19801 (“Pepper”) in the
amount of US $25,000, plus a retainer down payment to Pepper on account of its
services as the general bankruptcy counsel in the Chapter 11 proceeding
(as shall be detailed hereunder), in the amount of US $75,000.

	 	2.3	 	The payment of all outstanding debts of the Company and other uses as
shall be detailed in the Plan (as defined below).

	3.	 	Escrow. The Principal less the amount already provided and used as
set out in Section 2.1 (i.e. the sum of US $300,000) shall be placed in
escrow with Primes, Shiloh, Givon, Meir – Law Firm, within 14 days
after the date hereof, pursuant to the Escrow Instructions Letter set out in
the attached Schedule 3 and forms an integral and binding part of
this Agreement.

	4.	 	Interest. The outstanding Principal shall bear interest (the
“Interest”) at an annual rate of four percent (4%) from:
(i) February 1, 2010 with respect to the amount set out in
Section 2.1; and (ii) the date the remaining Principal was placed in
escrow with respect to such remaining principal amount. The Principal plus
accrued Interest shall be defined herein as the “Debt Amount”. VAT
on the Interest amount shall be added according to applicable laws, and any
applicable withholding rules shall be applied.

 

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In the event that the
Debt Amount is not repaid on the Maturity Date (as defined below), then the
interest, on the outstanding Debt Amount shall be at a rate of twelve percent
(12 %) per year, for the actual number of days elapsed from the Maturity Date
until the Lender receives payment of the full Debt Amount.

	5.	 	Maturity Event & Repayment. The Company and the Lender agree
that, unless otherwise set out in the Plan approved by the Lender (and
thereafter approved by all relevant authorities), the outstanding Debt Amount
shall be immediately repaid in full upon the first to occur of the following
events (the “Maturity Event”):

	 	5.1	 	Four (4) weeks after the date hereof, if by that time the Company
does not file the Chapter 11 petition in a form approved by the Lender and
as set out below.

	 	5.2	 	If the bankruptcy court does not confirm the Plan within 90 days of
the filing of the Chapter 11.

	 	5.3	 	If the Company does not complete performance of the Plan within
120 days of the filing of the Chapter 11, including receipt of any needed
approvals and registrations from any relevant authority (including the SEC,
Israel Securities Authority and TASE – if required).

	 	5.4	 	If the Company is delisted from trading on TASE with no reasonably
feasible way to re-enter the listing.

	 	5.5	 	Upon an “Event of Default” defined herein as the occurrence
of any one or more of the following events (excluding the Chapter 11
proceedings): (i) The commencement of any liquidation proceedings of the
Company or the adoption of a winding up resolution by the Company, or the
appointment of a receiver or trustee over the whole of the Company’s
assets; or (b) The levy of an attachment or the institution of execution
proceedings against the whole or a substantial part of Company’s assets;
or (c) The Company breaches any material covenant or material term of this
Agreement, and such breach is not cured within 5 business days after notice of
breach is received by the Company.

	6.	 	No Pre-payment. The Debt Amount (or any part thereof) may not be
prepaid prior to the Maturity Event, without the prior written consent of the
Lender.

	7.	 	Chapter 11. The Company undertakes to file by no later than
4 weeks of the date of this Agreement, a petition seeking relief under the
provisions of Chapter 11 of Title 11, United States Code (the
“Chapter 11”), by which the Company applies to the US
bankruptcy court for the District of Delaware to authorize approval of
transactions and all other actions required according to a plan to be prepared
by the Company and approved by the Lender in writing prior to any filing
(“Plan”). Pepper, shall serve as general bankruptcy counsel for the
Chapter 11 proceedings. The approved Plan shall be deemed an integral part of
this Agreement and shall be attached hereto upon its due approval by the Lender
as Schedule 7, which Plan may later be amended by mutual written
consent of the parties.

	8.	 	Covenants. The Company hereby covenants in favor of the Lender
that until the full repayment of the Debt Amount (or as otherwise set out in
the Plan) the Company shall not, without obtaining the prior written approval
of the Lender, adopt any of the following resolutions or pursue any of the
following actions: (i) employ new personnel or re-employ personnel who
were employed by the Company; (ii) take any action for the purpose of
receiving any loan or credit from a bank or any other entity; (iii) pursue
any action which is likely to result in expenses, except for the expenses set
forth in the Plan; (iv) take any action which may materially and adversely
effect the Company or this Agreement; (v) enter into any contract or any
amendment, modification, extension or supplement to any contract and
organizational documents, that prohibits the Company from fulfilling and
observing in a timely manner its obligations under the Agreement and the Plan.
The Company undertakes to efficiently fulfill its obligations under this
Agreement as time is of the essence in this Agreement.

 

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	 	 	The Company shall consult with the Lender and update the Lender on an
ongoing real time basis. Lender shall have the right to be present in all
working sessions and in all meetings of the board of directors of the
Company.

	9.	 	Lender may, at its discretion, transfer or assign to any third party any
right or obligation under this Agreement, without need for the consent of the
Company. The Company may not transfer or assign to any third party any right or
obligation under this Agreement, except with the prior written consent of the
Lender.

	10.	 	The exclusive law of this Agreement is the law of the State of Israel
(regardless of “choice of laws” rules therein). The parties hereby
irrevocably submit to the jurisdiction of the courts in the city of Haifa,
Israel, in respect of any dispute or matter arising out of or connected with
this Agreement.

	11.	 	Any notice sent by one party to the other by registered mail to the
address heading the Agreement, or to an address provided by one party to the
other from time to time — will be deemed to have been received on the 4th
business day after the day of mailing. Fax and e-mail messages will be deemed
to have been received on the business day following the day of
transmission.

	12.	 	The failure or delay of either party to require the performance of any
term under this Agreement, or the waiver by either party of any breach under
this Agreement, shall not prevent subsequent enforcement of such terms, nor be
deemed a waiver of any subsequent or prolonged breach.

	13.	 	Nothing in this Agreement shall create or confer upon any person or
entity, other than the parties hereto or their respective successors and
permitted assigns, any rights, remedies, obligations or liabilities, except as
expressly provided herein.

IN WITNESS WHEREOF, this
Agreement has been duly executed on the date herein above set forth.

	 	 	 	 	 
	TopSpin Medical, Inc.: 	 	Medgenesis Partners Ltd.:
	 
	By: 	/s/ Fufi Fatal	 	By: 	/s/ Dr. Ascher Shmulewitz
	Title: Chairman and Acting
Principal Executive Officer 	 	Title: Stockholder

 

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