Document:

exv10w1

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

     This document shall serve as the First Amendment (the “First Amendment”) to and reaffirmation
of that Employment Agreement as originally became effective as of January 24, 1994 by and between
Willis Re Inc., formerly known as Willis Faber North America, Inc., (the “Employer”) and Peter C.
Hearn (the “Employee”). This First Amendment is effective as of January 1, 2011 (the “Effective
Date”).

     Whereas, the parties wish to continue Employee’s employment pursuant to the terms and
conditions of the Employment Agreement, subject to the terms and conditions of this First
Amendment; and

     Whereas, the Employee’s execution of this First Amendment will result in, among other things,
additional and material consideration so as to reaffirm Employee’s covenants and promises as
contained in the Employment Agreement and to support Employee’s covenants and promises as contained
in this First Amendment;

     Now Therefore, in consideration of the mutual covenants and promises contained herein and for
other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties signing below agree as follows:

1. Section 1 of the Employment Agreement, captioned “Duties,” is deleted and is replaced
with the following:

     Employer agrees to employ Employee as Chairman of Employer, effective January 1, 2011.
Employee agrees to devote his full time and best efforts to such position. Employee’s title,
position, and duties may be changed by Employer from time to time, in accordance with the
Employer’s usual and applicable procedures (without a written modification signed by all parties as
set forth in Section 7H of the Employment Agreement).

2. Section 2 of the Employment Agreement, captioned “Compensation,” is deleted and is
replaced with the following:

     During the term of this Agreement, Employer shall employ Employee and shall pay such
compensation and benefits as are set forth below:

     (A) Base Salary: Effective January 1, 2011, Employee’s base salary is $62,500 per month
(paid semi monthly and less applicable withholdings), which is equivalent to Seven Hundred and
Fifty Thousand Dollars ($750,000.00) on an annual basis. Employee acknowledges that such salary
rate represents a material increase in Employee’s base salary. Employee’s base salary
will not be reduced during the Initial Term (as defined in Section 6 of the Employment Agreement)
or during the Extended One Year Terms (as defined in Section 6 of the Employment Agreement). After
the expiration of the Initial Term and/or Extended One Year Terms, Employee is eligible
for an annual salary review,

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and his compensation may be adjusted in accordance with Employer’s normal compensation and benefits
administration procedures, upon Employee’s annual review or from time to time (without a written
modification signed by all parties as set forth in Section 7H of the Employment Agreement).

     (B) Benefits: Employee will continue to participate in those employee benefit programs
which are generally made available to Employer’s associates, in accordance with and subject to the
normal terms and conditions of those programs.

     (C) Willis Re Annual Incentive Plan (“Willis Re AIP”): Employee will participate in the
Willis Re Annual Incentive Plan (the terms of which may be modified by Employer from time to time
without a written modification signed by all parties as set forth in Section 7H of the Employment
Agreement) under which Employee may become eligible to receive an annual award payment. During the
Initial Term (as defined in Section 6 of the Employment Agreement), Employee’s 2011 AIP Award
(which shall be issued in calendar year 2012 at the time when the Company usually issues AIP
awards), 2012 AIP Award (which shall be issued in calendar year 2013 at the time when the Company
usually issues AIP awards) and 2013 AIP Award (which shall be issued in calendar year 2014 at the
time when the Company usually issues AIP awards) will each be equal in value to One Million Seven
Hundred and Fifty Thousand Dollars ($1,750,000), less applicable withholdings. Should Employee’s
employment term go beyond the Initial Term and extend to the Extended One Year Terms (as defined in
Section 6 of the Employment Agreement), Employee’s 2014 AIP Award (which shall be issued in
calendar year 2015 at the time when the Company usually issues AIP awards) and 2015 AIP Award
(which shall be issued in calendar year 2016 at the time when the Company usually issues AIP
awards) will each be equal in value to One Million Seven Hundred and Fifty Thousand Dollars
($1,750,000), less applicable withholdings. For any possible continued employment beyond the
Initial Term and the Extended One Year Terms (as defined in Section 6 of the Employment Agreement),
any award distributions to Employee under the Willis Re AIP shall rest in the discretion of
Employer and will be subject to applicable withholdings. The 2011, 2012, 2013, 2014 and 2015 AIP
Awards will be made in the form of a cash payment that may, at Employer’s discretion, be subject to
a vesting schedule and/or a repayment obligation under such circumstances as Employer may specify,
unless Employee requests with reasonable notice that any one of these AIP Awards be made in the
form of restricted stock units of Willis Group Holdings Public Limited Company common stock or
other available instruments (including, but not limited to, other forms of security instruments),
any and/or all of which may, at Employer’s discretion, be a form of deferred compensation and/or
subject to vesting schedules. It is further provided that, at Employer’s discretion, any other
AIP award distribution to Employee may be made, in whole or in part, in the form of (i) restricted
stock units of Willis Group Holdings Public Limited Company common stock or other instruments
(including, but not limited to, other forms of security instruments), any and/ or all of which may
be a form of deferred compensation and/or subject to vesting schedules and/or (ii) a restricted
cash payment that is subject to a vesting schedule and/or repayment obligation under such
circumstances as Employer may specify. Each of the foregoing forms of compensation will be subject
to such other terms and conditions

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as Employer specifies, in accordance with Employer’s usual compensation practices and procedures (as
may be modified from time to time without a written modification signed by all parties as set forth
in Section 7H of the Employment Agreement). Employee’s participation in the Willis Re AIP shall be
subject to the other terms and conditions of such plan. Among other conditions, but subject to
Section 6 of the Employment Agreement, Employee must be in the active employ of Employer at the
time that any award payment is normally paid in order to be eligible to receive such award payment.

3. Section 3 of the Employment Agreement, captioned “Non-Competition,” is deleted in its entirety.

4. Section 4 of the Employment Agreement is deleted in its entirety.

5. Section 5 of the Employment Agreement is deleted in its entirety.

6. Section 6 of the Employment Agreement, captioned “Term of Agreement,” is deleted and replaced
with the following:

     This Employment Agreement as amended by the attached First Amendment is effective as of
January 1, 2011 and shall continue until January 1, 2014 (“Initial Term”) unless the Employment
Agreement is terminated (a) by Employee upon thirty (30) days prior written notice to Employer of
Employee’s employment resignation, (b) by Employer without Good Cause1 upon thirty (30)
days’ prior written notice of employment termination to Employee, (c) by Employer upon the
occurrence of Good Cause, (d) by Employee for Good Reason2 or (e) immediately upon
Employee’s death or

 

			
	1  	 	 For purposes of this Employment Agreement,
“Good Cause” is defined as (i) Employee’s gross and/or chronic neglect of his
duties, (ii) Employee’s conviction of a felony or misdemeanor involving moral
turpitude; (iii) dishonesty, embezzlement, fraud or other material willful
misconduct by Employee in connection with Employee’s employment; (iv) the
issuance of any final order for Employee’s removal as an associate of Employer
by any state or federal regulatory agency; (v) Employee’s material breach of
any duty owed to Employer, including without limitation, the duty of loyalty;
(vi) Employee’s violation of the restrictive covenant provisions contained in
this Employment Agreement or any other agreement with Employer; (vii)
Employee’s material breach of any of the other material obligations under this
Employment Agreement or any other agreement with Employer; (viii) any material
breach of the Company’s Code of Ethics by Employee; (ix) Employee’s failure to
achieve reasonable performance and/or production goals as specified by Employer
or (x) Employee’s failure to maintain any insurance or other license necessary
to the performance of Employee’s duties. Good Cause shall not include an
immaterial, isolated instance of ordinary negligence or failure to act, whether
due to an error in judgment or otherwise, if Employee has exercised substantial
efforts in good faith to perform the duties reasonable assigned or appropriate
to Employee’s position. Employee is not entitled to severance pay of any type
from the Employer following employment termination for Good Cause. To the
extent that any specified event of “Good Cause” is capable of cure (as
determined in Employer’s reasonable discretion), Employee shall be afforded
thirty (30) days within which to cure such event (with those thirty days
referred to herein as “Cure Term”). If such event is not cured within these
thirty (30) days, then the underlying event shall, at that point, be deemed
“Good Cause.” The date of termination for Good Cause shall be the date that
Employee’s opportunity to cure the underlying event expires.
	 
	2	 	For purposes of this Employment Agreement,
“Good Reason” is defined as (i) a material diminution in Employee’s status,
position, authority, or duties which in Employee’s reasonable judgment are
materially inconsistent with and have a material adverse impact upon Employee’s
status, position, authority or duties,

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disability (as disability is defined in Employer’s Long Term Disability Benefits Plan). After the
Initial Term, Employer will agree to extend Employee’s term of employment for two separate but
consecutive one-year terms (individually the “Extended One Year Term” and collectively the
“Extended One Year Terms”), subject to the same terms and conditions of Section 6 of the Employment
Agreement. However, Employer will have no obligation to agree to the Extended One Year
Terms (and can in fact immediately terminate the Employment Agreement as noted above) (a) upon the
occurrence of Good Cause or (b) upon Employee’s death or disability (as disability is
defined in Employer’s Long Term Disability Benefits Plan)

     If this Agreement is terminated by Employee upon thirty (30) days’ prior written notice of
employment resignation or if Employee has given Employer written notice of Good Reason and the
parties are in the Correction Period, Employee shall remain an employee of Employer through the
effective date of such termination or through the Correction Period, subject to all of the rights
and obligations of an employee during such period, and Employee’s employment hereunder shall
terminate at the end of the notice period or if applicable, the end of the Correction Period. At
its sole option, Employer may direct Employee not to report to work and/or enter Employer’s office
premises or otherwise perform certain services during such thirty (30) days notice period, and
Employee shall comply with any such direction. During such thirty (30) days notice period or
during the Correction Period, Employer shall pay Employee the base salary due Employee in
accordance with its normal payroll practices; provided further, however, Employer shall continue to
have the right during such thirty (30) days notice period or during the Correction Period to
terminate Employee’s employment in the event of the occurrence of Good Cause. In the event of
termination of Employee’s employment due to Good Cause, Employee shall not be entitled to receive
any further salary payments or any form of additional compensation, including but not limited to
bonus payments, incentive compensation or AIP awards.

     If this Agreement is terminated by Employer without Good Cause upon thirty (30) days’
prior written notice or if Employer has put Employee on notice of Good Cause and the parties are in
the Cure Term, Employee shall remain an employee of Employer through the effective date of such
termination or the Cure Term, subject to all of the rights and obligations of an employee during
such period, and Employee’s employment hereunder shall terminate at the end of the notice period or
if applicable, at the end of the Cure Term. At its sole option, Employer may direct Employee not to
report to work and/or enter Employer’s office premises or otherwise perform certain services during
such thirty (30) days notice period or during the Cure Term, and Employee shall comply with any
such direction. During such thirty (30) days notice period or during the Cure Term, Employer shall
pay Employee the base salary due Employee during the notice

 

			
	 	 	(ii) a material reduction in Employee’s
monthly base salary or (iii) a material breach by Employer of any material
provision of this Employment Agreement. Employee agrees that he will not
resign or otherwise terminate his employment for any reason set forth above as
“Good Reason” unless he first notifies Employer in writing describing such Good
Reason and, thereafter, such Good Reason is not corrected by Employer within
thirty (30) days of such written notice (with those thirty days referred to
herein as the “Correction Period”). The date of termination for Good Reason
shall be the date that Employer’s opportunity to correct the underlying event
expires.

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period or during the Cure Term in
accordance with its normal payroll practices (such thirty (30) days shall be treated as four (4) weeks’ pay for employment termination purposes);
provided further, however, Employer shall continue to have the right during such thirty (30) days
notice period or during the Cure Term to immediately terminate Employee’s employment in the event
of the occurrence of Good Cause. In the event of termination of Employee’s employment due to Good
Cause, Employee shall not be entitled to receive any further salary payments or any type of
additional payments or any form of additional compensation, including but not limited to bonus
payments, incentive compensation or AIP awards.

     If during the Initial Term or during one of the Extended One Year Terms, Employee’s employment
is terminated by Employer without Good Cause on thirty (30) days’ prior written notice or by
Employee for Good Reason (subject to the Correction Period), then following such termination,
Employee will receive an amount equivalent to his base salary for the remaining part of the term
(either the remaining part of the Initial Term or the remaining part of the applicable Extended One
Year Term but not both)3 (paid in equal semi-monthly installments less applicable
withholdings), and any AIP due to him in connection with the remaining parts of that term. In no
event, however, shall Employee’s total payment amount equal less than one year’s base salary pay
and his AIP award in connection with the year in which he was terminated. If during the Initial
Term or during one of the Extended One Year Terms, Employee’s employment is terminated by Employer
without Good Cause or by Employee with Good Reason, Employee’s termination shall be designated as a
“redundancy” under the terms of all applicable AIP awards.

     In the event Employee, after his termination date, breaches or fails to abide by the terms of
the Employment Agreement, including the terms of the First Amendment to Employment Agreement, in
addition to other remedies which Employer may have pursuant to the Employment Agreement or the
First Amendment to Employment Agreement or in equity or at law, Employer may permanently
discontinue all payments described herein, including any unpaid AIP award. Should Employer
exercise its right to discontinue these payments, Employee shall, in consideration of all payments
made, all promises and all benefits provided, continue to be bound by the surviving terms of his
Employment Agreement and Paragraphs 8 and 9 of this First Amendment to Employment Agreement.

     Notwithstanding anything to the contrary in the provisions the Employment Agreement, if
Employer determines4 that Employee is a “specified employee” within the meaning of
Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) and if Employee
becomes eligible under the terms and conditions of the Employment Agreement as herein amended, to
receive payments from Employer after Employee’s employment has ended, then, as and if required by
Section 409A (and to the

 

			
	3	 	For purposes of calculating any such pay,
Employer shall apply Employee’s monthly base salary rate as in effect
immediately prior to Employee’s employment termination.
	 
	4	 	As determined in accordance with the
methodology established by Employer as in effect on the date of termination.

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extent otherwise legally permissible), any such payments following
Employee’s
employment separation, if any, shall be commenced (as and if applicable) on or within 30 days
following the first business day of the seventh month following Employee’s “separation from
service” within the meaning of Section 409A.

     Subject to the terms of Section 6 of the Employment Agreement, if Employee’s employment
with Employer terminates, for any reason, Employee shall not be entitled to any bonus, award or
incentive compensation which becomes due and payable after such termination of his employment.

7. Section 7 subsection (G) of the Employment Agreement is deleted and replaced with the following:

     This Agreement shall be governed by and construed under the laws of the State of New York, and
any suit, action or proceeding to enforce the terms of the Employment Agreement shall be brought in
any court of competent jurisdiction in the State of New York.

8. In exchange for the additional and material consideration as set forth in this First Amendment
and specifically in exchange for Employer’s agreement to delete the restrictive covenants as set
forth in Sections 3, 4 and 5 of Employee’s Employment Agreement (as noted in Paragraphs 3, 4 and 5
of this First Amendment), Employee agrees as follows:

     (A) Employer will provide Employee with access to nonpublic Employer/Willis5
information to the extent reasonably necessary to the performance of Employee’s job duties.
Employee acknowledges that all non-public information (including, but not limited to, information
regarding Employer’s clients), owned or possessed by Employer/Willis (collectively, “Confidential
Information”) constitutes a valuable, special and unique asset of the business of Employer/Willis.
Employee shall not, during or after the period of his employment with Employer (i) disclose, in
whole or in part, such Confidential Information to any third party without the consent of Employer
or (ii) use any such Confidential Information for his own purposes or for the benefit of any third
party. These restrictions shall not apply to any information in the public domain provided that
Employee was not responsible, directly or indirectly, for such information entering the public
domain without the Employer’s consent. Upon termination of Employee’s employment hereunder,
Employee shall promptly return to Employer all Employer/Willis materials, information and other
property (including all files, computer discs and manuals) as may then be in Employee’s possession
or control.

     (B) Any work prepared at any time by Employee as an employee of Employer including written
and/or electronic reports and other documents and materials shall be “work for hire” and shall be
the exclusive property of the Employer. If, and to the extent

 

			
	5	 	All references in this First
Amendment at Paragraphs 8 and 9 to “Employer/Willis” shall be understood to
refer to Employer and/or Employer’s parent companies and other affiliates, as
well as their successors and assigns.

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that, any rights to such work do not
vest in Employer automatically, by operation of law,
Employee shall be deemed to hereby unconditionally and irrevocably assign to Employer all
rights to such work and Employee shall cooperate fully with Employer’s efforts to establish and
protect its rights to such work.

9. In exchange for the additional and material consideration as set forth in this First Amendment
and specifically in exchange for Employer’s agreement to delete the restrictive covenants as set
forth in Sections 3, 4 and 5 of Employee’s Employment Agreement (as noted in Paragraphs 3, 4 and 5
of this First Amendment, Employee agrees as follows:

     (A) Duty of Loyalty: Employee understands that Employee owes a duty of loyalty to Employer
and, while in Employer’s employ, shall devote Employee’s entire business time and best good faith
efforts to the furtherance of Employer’s legitimate business interests. All business activity
participated in by Employee as an employee of Employer shall be undertaken solely for the benefit
of Employer. Employee shall have no right to share in any commission or fee resulting from such
business activity.

     (B) Non Solicit and Other Obligations: While this Agreement is in effect and for a period of
two (2) years following termination of Employee’s employment with Employer, Employee shall not,
within the “Territories” described below:

     (1) directly or indirectly solicit, accept, or perform, other than on Employer’s behalf,
reinsurance brokerage, claims administration, consulting or other business performed by the
Employer/Willis from or with respect to (i) clients of Employer/Willis with whom Employee had
business contact or provided services to, either alone or with others, while employed by either
Employer or any affiliate of Employer and, further provided, such clients were clients of
Employer/Willis either on the date of termination of Employee’s employment with Employer or within
twelve (12) months prior to such termination (the “Restricted Clients”) and (ii) active prospective
clients of Employer/Willis with whom Employee had business contacts, either alone or with others,
regarding the business of the Employer/Willis within twelve (12) months prior to termination of
Employee’s employment with Employer (the “Restricted Prospects”).

     (2) directly or indirectly (i) solicit any employee of Employer/Willis (“Protected Employees”)
to work for Employee or any third party, including any competitor (whether an individual or a
competing company) of Employer/Willis or (ii) induce any such employee of Employer/Willis to leave
the employ of Employer/Willis.

For purposes of this Paragraph 9(B) in this First Amendment, “Territories” shall refer to those
counties where the Restricted Clients, Restricted Prospects, or Protected Employees of
Employer/Willis are present and available for solicitation.

     (C) Non Compete: For a period of one (1) year after the date on which Employee’s employment
ends, Employee shall not work for, be engaged with, and/or have a financial interest in (other than
an ownership position of not less than five (5)

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percent in any company whose shares are publicly
traded or any non-voting non convertible debt securities in any company) any Competitor (as defined
below) of Employer, its parent companies and/or their affiliates or subsidiaries within the
Relevant Area (as defined below). For purposes of this First Amendment, “Competitor” means any business
principally engaged in insurance brokerage, reinsurance brokerage, surety brokerage, bond
brokerage, insurance agency, underwriting agency, managing general agency, risk management, claims
administration, self-insurance, risk management consulting or other business which is either
performed by Employer, its parent companies and/or their affiliates or subsidiaries or is a
business in which Employer, its parent companies and/or their affiliates or subsidiaries has/have
taken steps toward engaging. It is further provided that “Competitor” includes, but is not limited
to, the following businesses and their respective subsidiaries and/or other affiliates: Aon
Corporation and Marsh & McLennan Companies, Inc. For purposes of this First Amendment, “Relevant
Area” means the counties, parishes, districts, municipalities, cities, metropolitan regions,
localities and similar geographic and political subdivisions within and outside the United States
of America, in which Employer, its parents companies and/or their affiliates or subsidiaries have
carried on business in which Employee has been involved or concerned or working on other than in a
minimal and non-material way, at any time during the period of twelve (12) months prior to the date
on which Employee ceases to be employed by Employer

     (D) Concurrent Terms: The restrictions contained in Paragraph 9(B) above, including the
subparts, run concurrent with the restrictions contained in Paragraph 9(C) above. Additionally, to
the extent Employee is subject to other post-employment restrictions as part of any other agreement
with Employer, its parent companies and/or their affiliates or subsidiaries, those additional
post-employment restrictions run concurrently with the restrictions contained in Paragraph 9(B) and
9(C) above.

10. Employee further acknowledges and agrees that the consideration provided to Employee by
Employer in connection with this First Amendment is sufficient to support covenants made by
Employee to Employer as set forth in this First Amendment, and Employee will at no time challenge
the sufficiency and/or adequacy of the consideration provided in exchange for the various covenants
provided by Employee to Employer within this First Amendment.

11. The parties recognize that Willis Faber North America, Inc. was identified in the Employment
Agreement as “WFNA” and as Employee’s employer for purposes of the Employment Agreement. The
parties recognize that subsequent to the effective date of the Employment Agreement (in its
original form), Willis Faber North America, Inc. was renamed to Willis Re Inc. Accordingly, the
terms “Willis Faber North America Inc.” and “WFNA” in the Employment Agreement shall be understood
to be in reference to Willis Re Inc. By signing below, Employee acknowledges and agrees that (i)
Employee hereby reaffirms Employee’s agreement to abide by the terms and conditions of the
Employment Agreement, including the covenants and promises contained therein, (ii) Willis Re Inc.
shall be the Employee’s employer for purposes of the Employment Agreement and that any reference in
the Employment Agreement to “Willis Faber North

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America, Inc.” or “WFNA” shall hereafter be
understood as a reference to Willis Re Inc. and (iii) should Employee be transferred or reassigned
from Employer to a parent company or affiliate of Employer, the Employment Agreement shall be
deemed to be automatically assigned by Employer to such new employer, and Employee’s acceptance of Employee’s
first payment of compensation from such new employer shall be deemed as Employee’s acknowledgement
of such assignment, acceptance of such new employer as the Employer for purposes of the Employment
Agreement and the continuation of Employee’s employment pursuant to the terms and conditions of the
Employment Agreement (as amended by this First Amendment).

12. This First Amendment shall be governed by and construed under the laws of the State of New
York, and any suit, action or proceeding to enforce the terms of the First Amendment shall be
brought in any court of competent jurisdiction in the State of New York. If any term of this First
Amendment is rendered invalid or unenforceable by judicial, legislative or administrative action,
the remaining provisions hereof shall remain in full force and effect and shall in no way be
affected, impaired or invalidated. The waiver by either party of any breach of this First
Amendment shall not operate or be construed as a waiver of that party’s rights upon any subsequent
breach. This First Amendment shall inure to the benefit of and be binding upon and enforceable
against the heirs, legal representatives and assigns of Employee and the successors and assigns of
Employer. Should Employee be transferred or reassigned from Employer to a parent company or
affiliate of Employer, this First Amendment shall be deemed to be automatically assigned by
Employer to such new employer, and Employee’s acceptance of Employee’s first payment of
compensation from such new employer shall be deemed as Employee’s acknowledgement of, such
assignment, acceptance of such new employer as the Employer for purposes of the First Amendment and
the continuation of Employee’s employment pursuant to the terms and conditions of this First
Amendment. Monetary damages may not be an adequate remedy for Employee’s breach of Paragraphs 8 or
9 of this First Amendment and Employer may, in addition to recovering legal damages (including lost
commissions and fees), proceed in equity to enjoin Employee from violating any of the provisions.
Paragraphs 8 and 9 of this First Amendment survive the termination of Employee’s Employment
Agreement (as amended by this First Amendment).

13. Except for those terms, conditions and amendments as are set forth above in this First
Amendment, the Employment Agreement remains in full force and effect and unmodified by this First
Amendment.

     IN WITNESS WHEREOF, the parties have executed this First Amendment to become effective as of
the Effective Date above.

	 	 	 	 	 
	 	Employee: Peter C. Hearn

 	 
	 	/s/ Peter C. Hearn
 	 

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	 	Employer:  Willis Re Inc. 	 
	 
	 	/s/ Holly Gay Murphy	 
	 	 	 
	 	Title:  	 Secretary	 
	 

10exv10w1

Exhibit 10.1

FIRST AMENDMENT TO RESTRUCTURING SUPPORT AGREEMENT

     This FIRST AMENDMENT TO RESTRUCTURING SUPPORT AGREEMENT (this “Amendment”), dated as
of June 10, 2011, is by and between Horizon Lines, Inc. (the “Parent”), a corporation duly
organized and existing under the laws of the State of Delaware, and all of its subsidiaries and any
successors thereto (collectively with the Parent, the “Company”) and the holder set forth
on the signature page (the “Exchanging Holder”) to the Amendment (as hereinafter defined)
of the 4.25% convertible senior notes due 2012 (the “Notes”) issued under the Indenture,
dated as of August 8, 2007 (as amended, supplemented, or modified from time to time, the
“Indenture”), by and between the Parent, as issuer, and The Bank of New York Trust Company,
N.A., as Trustee, in the aggregate principal amount of $330,000,000.00. The Exchanging Holder, the
Company, and each other person that becomes a party hereto in accordance with the terms hereof
shall be referred to herein individually as a “Party” and, collectively, as the
“Parties.” Capitalized terms not herein defined shall have the meanings set forth in the
RSA (as defined below). References herein to percentage of Exchanging Holders refer to the
principal amount of the Notes held by such Exchanging Holders.

RECITALS

     WHEREAS, the Company and the Exchanging Holder are parties to that certain Restructuring
Support Agreement dated as of June 1, 2011 (as amended modified, or supplemented from time to time,
the “RSA”); and

     WHEREAS, the Parties have agreed to amend the RSA in accordance with and subject to the terms
and conditions set forth herein.

AGREEMENT

     NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good
and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties
hereto agree as follows:

1. Amendments to the RSA.

     1.1 Section 3(b)(i) of the RSA is hereby amended by deleting the reference to “June 10, 2011”
and inserting in lieu thereof the reference to “June 17, 2011.”

     1.2 The last paragraph of Section 3 of the RSA is hereby amended by deleting the reference to
“June 10, 2011” and inserting in lieu thereof the reference to “June 17, 2011.”

     1.3 Section 4(b) of the RSA is hereby amended by deleting the reference to “June 10, 2011” and
inserting in lieu thereof the reference to “June 17, 2011.”

     1.4 Section 5.1(d) of the RSA is hereby amended by deleting the reference to “June 10, 2011”
and inserting in lieu thereof the reference to “June 17, 2011.”

     1.5 Section 5.2(b) of the RSA is hereby amended by deleting the reference to “June 10, 2011”
and inserting in lieu thereof the reference to “June 17, 2011.”

 

 

2. Effectiveness. This Amendment will be effective and binding upon the Company and the
undersigned Exchanging Holder as of the date (the “Amendment Effective Date”) on which: (i)
the Company shall have executed and delivered counterpart signature pages of this Amendment to
counsel to the Exchanging Holder and (ii) at least two-thirds of the Exchanging Holders shall have
executed and delivered counterpart signature pages of this Amendment to counsel to the Company.

3. Representations and Warranties. Each Party hereby represents and warrants that as of
the Amendment Effective Date, the representations and warranties contained in Section 8 of the RSA
are true and current in all material respects on and as of Amendment Effective Date (and after
giving pro forma effect to the Transactions) to the same extent as though made on and as of that
date, except to the extent such representations and warranties specifically relate to an earlier
date, in which case such representations and warranties shall have been true and correct in all
material respects on and as of such earlier date.

4. Effect Upon RSA. Except as specifically set forth herein, the RSA shall remain in full
force and effect and is hereby ratified and confirmed. The Parties hereto specifically acknowledge
and agree that the RSA, as hereby amended, is in full force and effect in accordance with its
respective terms and has not been modified, except pursuant to this Amendment. This Amendment shall
be deemed to be Definitive Documentation for all purposes under and in connection with the RSA and
the other Definitive Documentation and shall be binding upon and inure to the benefit of each of
the parties hereto and their respective successors and assigns. All references to the “RSA” in the
Definitive Documentation shall mean and refer to the RSA, as modified by this Amendment.

5. Counterparts. This Amendment may be executed in one or more counterparts, each of
which, when so executed, shall constitute the same instrument and the counterparts may be delivered
by facsimile transmission or by electronic mail in portable document format (.pdf).

6. Headings. The headings of the sections, paragraphs and subsections of this Amendment
are inserted for convenience only and shall not affect the interpretation hereof.

7. Governing Law. This Amendment shall be governed by, and construed in accordance with,
the laws of the State of New York, without regard to such state’s choice of law provisions which
would require the application of the law of any other jurisdiction.

2

 

     IN WITNESS WHEREOF, the Parties hereto have caused their duly authorized officers to execute
and deliver this Amendment as of the date first above written.

	 	 	 	 	 
	 	HORIZON LINES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 
	 	HORIZON LINES HOLDING CORP.

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 
	 	HORIZON LINES, LLC

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 
	 	HORIZON LINES OF PUERTO RICO, INC.

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 
	 	HAWAII STEVEDORES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 

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3

 

	 	 	 	 	 
	 	HORIZON LOGISTICS, LLC

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 
	 	H-L DISTRIBUTION SERVICE, LLC

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 
	 	HORIZON LINES OF ALASKA, LLC

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 
	 	HORIZON LINES OF GUAM, LLC

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 
	 	HORIZON LINES VESSELS, LLC

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 

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	 	SEA-LOGIX, LLC

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 
	 	AERO LOGISTICS, LLC

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 
	 	HORIZON SERVICES GROUP, LLC

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 

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	EXCHANGING HOLDER:	 	 
	 
	 	 	 	 	 	 
	[INSERT NAME OF EXCHANGING HOLDER ]	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

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6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}]]