Document:

Letter Agreement, dated October 30, 2006

     

    Exhibit
      10.1

     

    

     

     

    
      October
        30, 2006

      

      

      Mr.
        Dwight Morgan

      5457
        West
        Bloomfield Lake Road

      West
        Bloomfield, MI   48323

      

      Dear
        Dwight,

      

      It
        is our
        pleasure to offer you the position of President & Chief Executive Officer of
        Caprius, Inc. The specifics of this position are stated below:

      

      TITLE

      President
        & Chief Executive Officer

      

      REPORTING
        RESPONSIBILITY

      Reporting
        to the Chairman and Board of Directors of Caprius Inc.

      

      STARTING
        DATE

      Monday,
        November 13, 2006

      

      COMPENSATION

      Your
        Base
        Salary Compensation will be paid biweekly at a rate equating to $250,000
        annually. Thereafter, your base salary and bonus arrangements will be reviewed
        by the Company’s Compensation Committee. A sign on bonus of $20,000 will be paid
        to you within 30 days of your acceptance of the position.

      

      STOCK
        OPTIONS

      You
        will
        be granted options to purchase 350,000 shares of the Company’s Common Stock.
        These options will vest and shall be subject to the terms and conditions
        of the
        Company’s stock option plan (see attached Vesting Schedule an Option Plan). The
        options will be priced at the market price on the date granted or first day
        of
        employment, whichever is the greater. All future stock options are granted
        at
        the discretion of the Board of Directors.

      

      BENEFITS
        

      You
        will
        be eligible to participate in the Caprius benefit plans, subject to the specific
        plan qualification period of 30 days. You may also participate in the Company’s
        401K plan (see attached).

       

      CAR
        AND BUSINESS EXPENSES

      The
        Company will provide you with a monthly car allowance of $1,000. Expenses
        incurred for business will be reimbursed on a monthly basis.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Page
        2

      Offer
        Letter

      Mr.
        Dwight Morgan

      

      

      VACATION

      You
        will
        be entitled to three weeks vacation per annum and will partake in all Company
        holidays. 

      

      OFFICE

      The
        corporate office is located in New Jersey. Given the high degree of travel
        required in your position, you will not be required to relocate to New Jersey,
        but spend the necessary time in the office to perform your duties.

       

      TERMINATION

      While
        we
        are an at-will employer, in the event you decide to take alternative employment,
        we would require two months advance notice in writing. You also agree not
        to
        compete in the on-site infectious medical waste business for a period of
        twelve
        months. In the event your employment is terminated “without cause”, within the
        first twelve months of your employment, you will be entitled to nine months
        salary at the termination of your employment. For purposes of this letter,
        the
        term “Cause” shall be limited to: (i) the willful engaging by the Executive
        in misconduct which is materially injurious to the Company or its subsidiaries
        or affiliates, (ii) the conviction of the Executive of a crime involving
        any
        financial impropriety or which would materially interfere with the Executive’s
        ability to perform his services required under this Agreement or otherwise
        be
        materially injurious to the Company or its subsidiaries or affiliates, or
        (iii)
        the failure of the Executive to perform in any material respect any of his
        material obligations under this Agreement without proper justification (for
        purposes hereof, physical injury or other disability of the Executive shall
        be
        considered proper justification). 

      

      Given
        your longstanding relationship as a consultant to the Company, we are delighted
        to make this offer to you. 

      

      Once
        we
        receive your acceptance of this offer, which is subject to Board approval,
        we
        will present it to the Board of Directors for formal approval.

       

      We
        look
        forward to you joining our Management Team and participating in the Company’s
        future growth.

      

      Sincerely,

      

      /s/
        Jonathan Joels

      Jonathan
        Joels

      CFO

      

      Accepted
        by:

      

      
        	
                /s/
                  Dwight Morgan

                Dwight
                  Morgan

              	
                Nov.
                  01, 2006

                       
                  DateEX-4.1

 

Exhibit
4.1

	CLASS A COMMON STOCK CLASS A COMMON STOCK

	SAS

	TM
INCORPORATED UNDER THE LAWS OF            CUSIP TO COME
THE STATE OF DELAWARE Spirit AeroSystems Holdings, Inc.

	SEE REVERSE FOR CERTAIN DEFINITIONS

	This Certifies that
is the record holder of
FULLY PAID AND NONASSESSABLE SHARES OF CLASS A COMMON STOCK, $0.01 PAR VALUE, OF
Spirit AeroSystems Holdings, Inc.
BY: COUNTERSIGNED

	transferable on the books of the Corporation in person or by duly authorized attorney on
surrender of this certificate properly endorsed. This certificate shall not be valid until
countersigned and registered by the Transfer Agent and Registrar.

	WITNESS the facsimile seal of the Corporation and the signatures of its duly authorized officers.
Dated: AND
zz            z z z            z z REGISTERED:
z            z z z
z z z z zz
TE            M z
z z z YS • ••• • S
z z z • • z
S • • •• • H z
z z • • RPOR • AUTHORIZED
z O • • z
z • C O •
z R • A T •• O z
•
z • z z TRANSFER AGENT

	z E • SEAL E •
z • • L z
z A • • z
z z • • THE BANK OF NEW YORK
z T • z AND
• •
z I • • 2005 D z

	CORPORATE SECRETARY z R • E •
PRESIDENT AND CHIEF EXECUTIVE OFFICER

	z • zREGISTRAR
z • • I SIGNATURE
z IP • • DE LAWAR z
z • • • • •• z
z S • • • • • , S • G • N z
z • N • • I • • • z
z z . C z z
z z z z
zz            z z z z z            z zz            z z z z z
z            z z z

	 	 	 
	 	 	 
	AMERICAN BANK NOTE COMPANY 

711 ARMSTRONG LANE 
COLUMBIA, TENNESSEE 38401

(931) 388-3003
	 	PRODUCTION COORDINATOR: MIKE PETERS 931-490-1714

PROOF OF NOVERMBER 16, 2006

SPIRIT AEROSYSTEMS HOLDINGS, INC. 
TSB 25244 FC Lot 1
	 
	 	 
	SALES:     J. DICKINSON       708-385-9112
	 	Operator:            Ron/Anthony
	 
	 	 
	/ ETHER 7 / LIVE JOBS / S / SPIRIT 25244 FC Lot 1
	 	Rev. 1EX-4.2

 

Exhibit
4.2

SEE
REVERSE SIDE FOR RESTRICTIONS ON TRANSFER AND OTHER INFORMATION

 

 

[THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933 AND MAY NOT BE SOLD (WITHIN THE MEANING OF SUCH ACT) IN THE ABSENCE OF REGISTRATION
UNDER SUCH ACT OR AN EXEMPTION THEREFROM. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO
SUBJECT TO CERTAIN RESTRICTIONS ON THE VOTING OF SUCH SECURITIES CONTAINED IN THE INVESTOR
STOCKHOLDERS AGREEMENT, DATED AS OF JUNE 16, 2005, AMONG THE ISSUER OF SUCH SECURITIES (THE
“COMPANY”) AND CERTAIN OF THE COMPANY’S STOCKHOLDERS. A COPY OF SUCH INVESTOR STOCKHOLDERS
AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN
REQUEST.

THE SECURITIES REPRESENTED BY THIS DOCUMENT ARE SUBJECT TO THE TERMS, CONDITIONS, RESTRICTIONS AND
CONTINGENCIES, INCLUDING RESTRICTIONS ON TRANSFER AND RISK OF FORFEITURE, CONTAINED IN THE SPIRIT
AEROSYSTEMS HOLDINGS, INC. EXECUTIVE INCENTIVE PLAN, AS AMENDED FROM TIME TO TIME, A COPY OF WHICH
IS ON FILE AT THE PRINCIPAL OFFICE OF SPIRIT AEROSYSTEMS HOLDINGS,
INC.]

[THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933 AND MAY NOT BE SOLD (WITHIN THE MEANING OF SUCH ACT) IN THE ABSENCE OF REGISTRATION
UNDER SUCH ACT OR AN EXEMPTION THEREFROM. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO
SUBJECT TO CERTAIN RESTRICTIONS ON THE VOTING OF SUCH SECURITIES CONTAINED IN THE INVESTOR
STOCKHOLDERS AGREEMENT, DATED AS OF JUNE 16, 2005, AMONG THE ISSUER OF SUCH SECURITIES (THE
“COMPANY”) AND CERTAIN OF THE COMPANY’S STOCKHOLDERS. A COPY OF SUCH INVESTOR STOCKHOLDERS
AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN
REQUEST.]

[THE SECURITIES REPRESENTED BY THIS DOCUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “ACT”), AND MAY NOT BE SOLD, TRANSFERRED, OFFERED FOR SALE, PLEDGED, OR
HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE
ACT OR AN OPINION OF COUNSEL SATISFACTORY TO SPIRIT AEROSYSTEMS HOLDINGS, INC. AND ITS COUNSEL THAT
SUCH REGISTRATION IS NOT REQUIRED.

THE SECURITIES REPRESENTED BY THIS DOCUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “ACT”), AND MAY NOT BE SOLD, TRANSFERRED, OFFERED FOR SALE, PLEDGED, OR
HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE
ACT OR AN OPINION OF COUNSEL SATISFACTORY TO SPIRIT AEROSYSTEMS HOLDINGS, INC. AND ITS COUNSEL THAT
SUCH REGISTRATION IS NOT REQUIRED.

THE SECURITIES REPRESENTED BY THIS DOCUMENT ARE SUBJECT TO THE TERMS AND CONDITIONS, INCLUDING
RESTRICTIONS ON TRANSFER, OF A STOCKHOLDERS AGREEMENT AMONG SPIRIT AEROSYSTEMS HOLDINGS, INC. AND
ITS STOCKHOLDERS, AS AMENDED FROM TIME TO TIME, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE
OF SPIRIT AEROSYSTEMS HOLDINGS, INC.

THE SECURITIES REPRESENTED BY THIS DOCUMENT ARE SUBJECT TO THE TERMS, CONDITIONS, RESTRICTIONS, AND
CONTINGENCIES, INCLUDING RESTRICTIONS ON TRANSFER AND RISK OF FORFEITURE, CONTAINED IN THE SPIRIT
AEROSYSTEMS HOLDINGS, INC. SHORT-TERM INCENTIVE PLAN, AS AMENDED FROM TIME TO TIME, A COPY OF WHICH
IS ON FILE AT THE PRINCIPAL OFFICE OF SPIRIT AEROSYSTEMS HOLDINGS,
INC.]

 

 

[THE SECURITIES REPRESENTED BY THIS DOCUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “ACT”), AND MAY NOT BE SOLD, TRANSFERRED, OFFERED FOR SALE, PLEDGED, OR
HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE
ACT OR AN OPINION OF COUNSEL SATISFACTORY TO SPIRIT AEROSYSTEMS HOLDINGS, INC. AND ITS COUNSEL THAT
SUCH REGISTRATION IS NOT REQUIRED.

THE SECURITIES REPRESENTED BY THIS DOCUMENT ARE SUBJECT TO THE TERMS AND CONDITIONS, INCLUDING
RESTRICTIONS ON TRANSFER, OF A STOCKHOLDERS AGREEMENT AMONG SPIRIT AEROSYSTEMS HOLDINGS, INC. AND
ITS STOCKHOLDERS, AS AMENDED FROM TIME TO TIME, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF SPIRIT AEROSYSTEMS
HOLDINGS, INC.

THE SECURITIES REPRESENTED BY THIS DOCUMENT ARE SUBJECT TO THE TERMS, CONDITIONS, RESTRICTIONS, AND
CONTINGENCIES, INCLUDING RESTRICTIONS ON TRANSFER AND RISK OF FORFEITURE, CONTAINED IN THE SPIRIT
AEROSYSTEMS HOLDINGS, INC. LONG-TERM INCENTIVE PLAN, AS AMENDED FROM TIME TO TIME, A COPY OF WHICH
IS ON FILE AT THE PRINCIPAL OFFICE OF SPIRIT AEROSYSTEMS HOLDINGS,
INC.]

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