Document:

Exhibit

Exhibit 10.1

March 1, 2017

Mr. Donald R. Fishback
Vice President, Chief Financial Officer 
Moog Inc.

Retention Agreement

Dear Don,

Moog Inc. (the “Company”) considers your continued service and dedication to the Company as Vice President and Chief Financial Officer to be important to the Company’s business.  As a result, the Company agrees to make discretionary contributions on your behalf to the Moog Inc. Defined Contribution Supplemental Executive Retirement Plan (the “DC SERP”) in accordance with the terms of this Retention Agreement (this “Agreement”).

1.This Agreement will be effective March 1, 2017 (the “Effective Date”).

2.If you remain continuously employed by the Company as Chief Financial Officer, the Company will make a monthly Discretionary Contribution (as defined in the DC SERP) on your behalf to the DC SERP, beginning with the month that includes the Effective Date and ending for the month of November 2019.  Notwithstanding anything in this Agreement to the contrary, monthly Discretionary Contributions to the DC SERP on your behalf will cease on the earlier of (a) your ceasing to perform services as Chief Financial Officer to the Company on a full-time basis, or (b) your “separation from service” (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)).

3.Subject to Paragraph 2 of this Agreement, the Company agrees to make a Discretionary Contribution to the DC SERP on your behalf in the amount of $122,220 for the month that includes the Effective Date.  For each succeeding month, the Company agrees to make a Discretionary Contribution to the DC SERP on your behalf in the amount of $30,555. Any Discretionary Contributions will be credited to your Account (as defined in the DC SERP) no later than the last day of the month to which the monthly Discretionary Contribution relates.

4.You agree and understand that the Company will not make any Company Contribution (as defined in the DC SERP) to the DC SERP on your behalf.

5.Notwithstanding anything in the Moog Inc. Supplemental Retirement Plan (the “DB SERP”) to the contrary, your benefit under the DC SERP will not reduce your benefit under the DB SERP.  In addition, you agree and understand that any contributions to, or any benefits under, the DC SERP will not be considered “Compensation” under the DB SERP.

6.This Agreement may only be amended through a writing signed by the Company and you.

7.This Agreement will be construed in accordance with the laws of the State of New York without regard to its conflict-of-law principles.  Any action or proceeding brought by either of the parties that arises in connection with this Agreement will be brought only in a state or federal court located in the State of New York, County of Erie.

8.This Agreement contains all of the agreements, understandings, and representations between the Company and you relating to the subject matter of this Agreement. This Agreement supersedes all prior and contemporaneous written and oral understandings, discussions, agreements, representations, and warranties with respect to the subject matter hereof.

Exhibit 10.1

9.This Agreement may be executed in one or more counterparts, each of which will be deemed to constitute one and the same Agreement. Copies of signatures transmitted by facsimile or electronic mail will have the same effect as original signatures.

10.You may not make any assignment of this Agreement. Any purported assignment by you will be null and void from the initial date of purported assignment.  This Agreement will inure to the benefit of and be binding on the Company and its respective successors and assigns.

11.This Agreement is intended to comply with or be exempt from Code Section 409A so as not to subject you to payment of interest or any additional tax under Code Section 409A.  All terms of this Agreement that are undefined or ambiguous will be interpreted in a manner that is consistent with Code Section 409A if necessary to comply with Code Section 409A.  The Company will, to the extent reasonably possible, amend this Agreement in order to comply with Code Section 409A, except that the Company will not be required to amend this Agreement if such amendment would increase the amount payable by the Company under this Agreement.  In no event will the Company be liable to you or any other person with respect to any adverse tax consequences arising under Code Section 409A or any other provision of the Code.

	
		
	MOOG INC.
	DONALD R. FISHBACK

	By: /s/ John Scannell
	/s/ Donald R. Fishback

	Name: John Scannell
	 

	Title: Chief Executive Officerstockpurcagrmtcontrshareslbe.htm - Generated by SEC Publisher for SEC Filing

 

STOCK PURCHASE AGREEMENT

This STOCK PURCHASE AGREEMENT
(this “Agreement”) is entered into this 6th day of March, 2017 (the “Execution
Date”), and made effective as of the 28th day of February, 2017 (the “Effective
Date”), by and between Louis Bertoli, having an address at Via Valsorda 47/a,
Concesio 25062, Italy (“Seller”) and Nitin Amersey, having an address at 3738
Coach Cove, Sanford, Michigan 48657, United States of America (“Purchaser”).

R E C I T A L S:

WHEREAS, Seller owns 36,000,000
shares (the “Shares”) of the common stock, par value $0.0001 per share of HPIL
Holding, a publicly owned Nevada (USA) corporation (the “Company”), which
represents a controlling interest in the Company as of the Effective Date.

WHEREAS, Purchaser
desires to purchase and the Seller desires to sell the Shares upon the terms
and conditions set forth herein.

NOW, THEREFORE, in
consideration of the foregoing and the mutual promises of the parties, and for
good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the parties hereto, intending to be legally bound, hereby
agree as follows:

1.               
Recitals.  The parties represent the above recitals are true and
correct and are incorporated herein.

2.               
Purchase and Sale of the Shares.

(a)             
Subject to the terms and conditions of this Agreement, the Seller
agrees to sell and the Purchaser agrees to purchase the Shares at the purchase
price of $344,160 (the “Purchase Price”).

(b)            
The Seller and Purchaser agree to appoint Thrasher Worth, LLC, as
escrow agent (the “Escrow Agent”) to receive, hold and administer the Purchase
Price and the Shares pursuant to and in accordance with the Escrow Agreement
attached hereto as Exhibit A (the “Escrow Agreement”).

(c)             
On or before 17:00 p.m. Atlanta, Georgia (USA) local time on
April 21, 2017, the Purchaser shall deliver to the Escrow Agent the Purchase
Price and instructions to, as soon as possible following the receipt from
Seller of all items Seller is required to deliver to the Escrow Agent pursuant
to Section 2(d), release the escrow and close the purchase and sale of the
Shares contemplated hereby in accordance with the Escrow Agreement, by
releasing from escrow and disbursing to Seller the Purchase Price pursuant to
the Seller’s instructions and releasing to Purchaser the Shares certificate and
assignment (the “Closing”).

(d)            
On or before 17:00 p.m. Atlanta, Georgia (USA) local time on
April 28, 2017, the Seller shall deliver to the Escrow Agent (i) a certificate
evidencing the Shares, (ii) an assignment duly executed by Seller pursuant to
which Seller agrees to assign, transfer and deliver the Shares to Purchaser or
such other person or entity as the Purchaser may direct, and (iii) a direction
for payment of the Purchase Price to an account designated by Seller, to be
held and released by the Escrow Agent in accordance with the Escrow Agreement.

(e)             
The following items shall be conditions precedent to the Closing:
(i) the Seller and the Purchaser shall have executed this Agreement; (ii) the
Seller and the Purchaser shall have executed the Escrow Agreement; (iii) receipt
by the Escrow Agent of the Purchase Price; and (iv) receipt by the Escrow Agent
of the certificate evidencing the Shares being purchased with duly endorsed
stock powers or assignments in the name of the
Purchaser or such other person or entity as the Purchaser may direct.

 

 

 

3.               
Representations and Warranties of Seller.  

As
an inducement to, and to obtain the reliance of Purchaser as Seller is aware
that Purchaser is relying upon the within representation and warranties, the
Seller, represents and warrants to the Purchaser as follows:

(a)         
Ownership of Securities. The Seller is the owner,
beneficially and of record, of the Shares, free and clear of any adverse claim,
lien, option, charge, security interest or encumbrance of any nature whatsoever
(collectively, the “Liens”). The Seller is allowed to sell the Shares in a
private transaction without volume limitation.

(b)        
Authorization to Convey the Shares. The Seller has full
power and authority to receive payment for the Shares as contemplated by this
Agreement and consequently to sell, convey, assign and transfer the Shares to
the Purchaser and otherwise consummate the transactions contemplated by this
Agreement. The Purchaser shall acquire good and marketable title to the Shares,
free and clear of all Liens. No authorization, approval or consent of any third
party is required for the lawful execution, delivery and performance of this
Agreement by the Seller.

(c)         
No Contravention. This Agreement constitutes a valid and
legally binding obligation of the Seller, enforceable against it in accordance
with its terms. Neither the execution and delivery of this Agreement, nor the
consummation of the transactions contemplated hereby in the manner herein
provided, will constitute a violation of or default under, or conflict with,
any judgment, decree, statute or regulation or any governmental authority
applicable to the Seller or any contract, commitment, agreement or restriction
of any kind to which the Seller is a party or by which its assets are bound.
The execution and delivery of this Agreement does not, and the consummation of
the transactions described herein will not, violate applicable law, or any
mortgage, lien, agreement, indenture, lease or understanding (whether oral or
written) of any kind outstanding relative to the Seller.

(d)        
Ownership.  The Shares are held and owned by Seller free
and clear of all liens and Seller is free to sell the Shares to the Purchaser.
The Seller is the sole decision maker concerning the sale of the Shares and has
the sole power and authority to sell the Shares.

(e)         
Approval of Agreement. This Agreement is the legal, valid,
and binding obligation of the Seller enforceable in accordance with its terms.

(f)         
Governmental Authorizations. The Seller is not required to
obtain authorization, approval, consent, or order of, or make a registration or
filing, with, any court or other governmental body in connection with the
execution and delivery by the Seller of this Agreement and the consummation by
the Seller of the transactions contemplated hereby.

(g)        
No Conflict With Other Instruments. The execution of this
Agreement and the consummation of the transactions contemplated hereby, will
not result in the breach of any term or provision of, constitute an event of
default under, or require the consent or approval of any third-party pursuant to,
any material contract, agreement, or instrument to which the Seller is a party.

(h)        
No Misrepresentations. None of the information contained
in the 

representations and warranties of the Seller set forth in this Agreement
contains any untrue statement of a material fact or omits to state a material
fact necessary to make the statements contained herein not misleading.

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4.               
Representations and Warranties of Purchaser. As an inducement to,
and to obtain the reliance of the Seller, the Purchaser represents and warrants
as follows:

(a)            
Authorization to Purchase Securities. The Purchaser has
full power and authority to Purchase the Shares pursuant to the terms of this
Agreement. No authorization, approval or consent of any third party is required
for the lawful execution, delivery and performance of this Agreement by the
Purchaser.

(b)            
No Contravention. This Agreement constitutes a valid and
legally binding obligation of the Purchaser, enforceable against it in
accordance with its terms. Neither the execution and delivery of this
Agreement, nor the consummation of the transactions contemplated hereby in the
manner herein provided, will constitute a violation of or default under, or
conflict with, any judgment, decree, statute or regulation or any governmental
authority applicable to the Purchaser or any contract, commitment, agreement or
restriction of any kind to which the Purchaser is a party or by which its
assets are bound. The execution and delivery of this Agreement does not, and
the consummation of the transactions described herein will not, violate
applicable law, or any mortgage, lien, agreement, indenture, lease or
understanding (whether oral or written) of any kind outstanding relative to the
Purchaser.

(c)             
Receipt of information. The Purchaser, who is also Chief
Financial Officer, Corporate Secretary and Treasurer and Director and
stockholder of the Company, has been always aware of all documents, records and
publicly available information pertaining to the Company.

(d)            
Affiliate.  The Purchaser is currently and has been an
affiliate of the Company (as that term is defined in Rule 405 of the Securities
Act of 1933, as amended) for at least the past ninety (90) calendar days
preceding the execution of this Agreement by the Purchaser.                    

5.         Indemnification.  

(a)            
Indemnification by Seller. The Seller hereby agrees to
indemnify and hold harmless the Purchaser from and against and in respect of:

(i)              
Any and all damage or deficiency, resulting from any
misrepresentation, breach of any representation or warranty or non-fulfillment
of any agreement on the part of the Seller under this Agreement or any
instrument or document delivered to the Purchaser in connection therewith; and

(ii)            
Any and all actions, suits, claims, proceedings, demands,
assessments, judgments, costs and legal and other expenses incidental to any of
the foregoing.

(b)            
Indemnification by Purchaser. The Purchaser hereby agrees
to indemnify and hold harmless the Seller from and against and in respect of:

(i)              
Any and all damage or deficiency resulting from any
misrepresentation, breach of warranty or non-fulfillment of any agreement on
the part of the Purchaser under this Agreement or any instrument or document
delivered to the Seller in connection therewith; and

(ii)            
Any and all actions, suits, claims, proceedings, demands,
assessments, judgments, costs and legal and other expenses incidental to any of
the foregoing.

 6.         Miscellaneous.  

(a)            
Notices.  All notices, requests, demands and other
communications required or permitted under this Agreement shall be in writing
and shall be deemed to have been deposited with an overnight
courier service, such as Federal Express, for delivery to the intended
addressee or three days following the day when deposited in the United States
mails, first class postage prepaid.

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(b)            
Further Assurances. At any time, and from time to time,
each party will execute such additional instruments and take such action as may
be reasonably requested by the other party to confirm or perfect title to the
securities or otherwise to carry out the interest and purposes of this
Agreement.

(c)             
Costs and Expenses. The Purchaser agrees that it shall
bear its own expenses and legal fees associated with this transaction.

(d)            
Entire Agreement. This Agreement constitutes the entire
agreement between the parties hereto with respect to the subject matter hereof.
It supersedes all prior negotiations, letters and understandings relating to
the subject matter hereof.

(e)             
Amendment.  This Agreement may not be amended, supplemented
or modified in whole or in part except by an instrument in writing signed by
the party or parties against whom enforcement of any such amendment, supplement
or modification is sought.

(f)             
Assignment.  This Agreement may not be assigned by any
party hereto without the prior written consent of the other party.

(g)            
Arbitration.  Any controversy or claim arising out of or
related to this Agreement or the breach thereof, which is not amicably settled
between the parties, shall be settled by arbitration with a panel of three, in
accordance with the commercial rules then in existence with the American
Arbitration Association, with hearings to take place in New York, New York
(USA), and the laws of the State of New York shall apply. Any judgment or award
rendered by arbitration may be entered in any Court having jurisdiction. The
parties acknowledge that, in addition to any and all damages deemed fair by the
arbitrators, the award may be expanded to include, but not be limited to, any
and all court or arbitration costs, reasonable attorney fees and any other
costs or charges reasonably necessary to the adjudication of the controversy.
Nothing contained herein shall deprive any party of the right to obtain
injunctive or other equitable relief. Remedy at law for any breach or
threatened breach of this Agreement being inadequate, any party hereto is
entitled to enforce the specific performance of this Agreement and to seek both
temporary or permanent injunctive relief without the necessity of providing
actual damages outside of the terms of this Agreement. The parties agree that a
facsimile transmission of this signed agreement shall be legal and binding.

(h)            
Effect of Waiver. The failure of any party at any time or
times to require performance of any provision of this Agreement will in no
manner affect the right to enforce the same. The waiver by any party of any
breach of any provision of this Agreement will not be construed to be a waiver
by any such party of any succeeding breach of that provision or a waiver by
such party of any breach of any other provision.

(i)              
Legal Representation. The Seller and Purchaser agree that
they have had adequate opportunity to consult with their own legal counsel
concerning this Agreement and the transactions contemplated thereunder.

(j)              
Construction.  The parties hereto and their respective
legal counsel participated in the preparation of this Agreement; therefore,
this Agreement shall be construed neither against nor in favor of any of the
parties hereto, but rather in accordance with the fair meaning thereof.

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(k)            
Enforcement.  Should it become necessary for any party to
institute legal action to enforce the terms and conditions of this Agreement,
the successful party will the awarded reasonable attorneys’ fees at all trial
and appellate levels, expenses and costs. The parties hereto acknowledge and
agree that any party’s remedy at law for a breach or threatened breach of any
of the provisions of this Agreement would be inadequate and such breach or
threatened breach shall be per se deemed as causing irreparable harm to such
party. Therefore, in the event of such breach or threatened breach, the parties
hereto agree that, an aggrieved party, without posting any bond, shall be
entitled to obtain, and the offending party agrees not to oppose the aggrieved
party’s request for, equitable relief in the form of specific enforcement,
temporary restraining order, temporary or permanent injunction, or any other
equitable remedy that may then be available to the aggrieved party.

(l)              
Accuracy of Representations. The representations and
warranties made by each party in this Agreement were true when made and shall
be true at the closing (except for changes therein permitted by this
Agreement), and such party shall have performed or complied with all covenants
and conditions required by this Agreement to be performed or complied with by
such party prior to or at the closing.

(m)          
Severability.  The invalidity, illegality or
unenforceability of any provision or provisions of this Agreement will not
affect any other provision of this Agreement, which will remain in full force
and effect, nor will the invalidity, illegality or unenforceability of a
portion of any provision of this Agreement affect the balance of such
provision. In the event that any one or more of the provisions contained in
this Agreement or any portion thereof shall for any reason be held to be invalid,
illegal or unenforceable in any respect, this Agreement shall be reformed,
construed and enforced as if such invalid, illegal or unenforceable provision
had never been contained herein.

(n)            
Binding Nature. This Agreement will be binding upon and
will inure to the benefit of any successors or assigns of the parties hereto.

(o)            
Counterparts.  This Agreement may he executed in one or
more counterparts, each of which will be deemed an original and all of which
together will constitute one and the same instrument. Notwithstanding anything
contained herein to the contrary, it is expressly agreed that the Agreement may
be executed with facsimile signatures.

IN
WITNESS WHEREOF, the parties have executed and delivered this Agreement on
the Execution Date above written.

 

SELLER: 

 

 /S/ Louis Bertoli                       

Louis Bertoli

 

PURCHASER: 

 

 /S/ Nitin Amersey                      

Nitin Amersey

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EXHIBIT A

ESCROW AGREEMENT

Attached.

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