Document:

Document

Exhibit 10(j)

FIRST AMENDMENT TO 
EXECUTIVE EMPLOYMENT AGREEMENT

This First Amendment to the Executive Employment Agreement is made and entered into on July 6th, 2022, by and between Kimball International, Inc. (“Kimball”) and Kristine L. Juster (“Executive”).

WHEREAS, Kimball and Executive are parties to an Executive Employment Agreement dated as of October 24, 2018 and effective as of November 1, 2018 (the “Agreement”); and

WHEREAS, Kimball and Executive now desire to amend the Agreement.

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree to amend the Agreement, effective as of July 6, 2022, to read as follows:

1. Section 6(c) of the Agreement is amended to read as follows:

c) Other Benefit Programs. Executive shall also be entitled to: (i) benefits under Kimball’s generally applicable welfare and retirement plans, in accordance with the respective terms of such plans; and (ii) Executive’s rights under the 2016 Annual Cash Incentive Plan, as amended, or any subsequent replacement plan, the Supplemental Employee Retirement Plan, the 2017 Stock Plan and award agreements granted thereunder, and any other equity or incentive plan, in accordance with the respective terms of those plans and agreements; provided that if Executive meets performance goals as shall be mutually agreed upon by the Compensation and Governance Committee of the Board of Directors for the Fiscal Year ending June 30, 2023, then effective July 1, 2023 and subject to Executive remaining employed as CEO of Kimball through June 30, 2024, Executive shall receive payment for any performance-based Full Value Awards under the 2017 Stock Plan and any incentive payments under the 2016 Annual Cash Incentive Plan, as amended, or any subsequent replacement plan, in the same amounts and at the same time as if Executive had continued in active employment through the end of the applicable performance periods and vesting dates (based on actual Salary earned through the Termination Date with respect to any cash incentive payments). If Executive does not meet such performance goals and continue as CEO through June 30, 2024, Executive’s entitlement to payment for Awards under the 2017 Stock Plan and incentive payments under the 2016 Annual Cash Incentive Plan, as amended, or any subsequent replacement plan, shall be determined without regard to this proviso. For purposes of determining whether Executive is eligible for the classification of retirement, if applicable, under the 2016 Annual Cash Incentive Plan, as amended, or any subsequent replacement plan, the Supplemental Employee Retirement Plan, as amended, or any subsequent replacement plan, or the 2017 Stock Plan, as amended, or any subsequent replacement plan, the Rule of 65 shall be used. To the extent that the provisions of this subsection (c) are inconsistent with the provisions of Executive’s Award Agreements, the Executive and Kimball hereby amend those Award Agreements to include the provisions of this subsection, which supersede any inconsistent provisions of the Award Agreements.

*         *         *

IN WITNESS WHEREOF, the parties have executed this First Amendment to the Agreement on the 12th day of July, 2022

															
	KIMBALL INTERNATIONAL, INC.		EXECUTIVE
	By:			By: 	
		[Name]			[Name]
	Its:	[Title]Exhibit 10.1

 

Execution Version

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS
AGREEMENT (this “Agreement”), dated as of August 10, 2022, is made and entered into by and among (i) HEICO Corporation,
a Florida corporation (the “Company”), and (ii) each of the Persons listed on Schedule A attached hereto (the
“Schedule of Holders”) (each a “Holder” and, collectively, the “Holders”).

 

RECITALS

 

WHEREAS, the Company,
has entered into an Agreement and Plan of Merger, dated August 10, 2022 (“Merger Agreement”), by and among the Company,
SSI Merger Sub I Inc., a California corporation, Sensor Systems Inc., a Nevada corporation, Sensor Systems, Inc., a California corporation,
Paula Sandling, as Successor Trustee of the Mary Elizabeth Bazar-Robin Living Trust of 1987 and Seymour Robin, as Trustee of the Seymour
Robin Living Trust of 1987 (together, the “Sellers”), and Shareholder Representative Services LLC, a Colorado limited
liability company, solely in its capacity as agent, representative and attorney-in-fact for the Sellers, setting forth the terms of an
acquisition (“Acquisition”); and

 

WHEREAS, in connection
with the Merger Agreement, the Holders shall receive shares of Common Stock, pursuant to the terms of the Merger Agreement.

 

NOW, THEREFORE,
in consideration of the representations, covenants and agreements contained herein, and certain other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

1.   Resale Shelf
Registration Rights.

 

(a)   Registration
Statement Covering Resale of Registrable Securities. The Company shall prepare and file or cause to be prepared and filed with the
Commission, no later than sixty (60) days following the closing of the Acquisition (the “Filing Deadline”), a Registration
Statement for an offering to be made on a continuous basis pursuant to Rule 415 of the Securities Act registering the resale from time
to time by the holders of all of the Registrable Securities held by the Holders (the “Resale Shelf Registration Statement”).
The Resale Shelf Registration Statement shall be on Form S-3 (“Form S-3”) or Form S-3ASR or such other appropriate
form permitting Registration of such Registrable Securities for resale by such Holders. The Company shall use commercially reasonable
efforts to cause the Resale Shelf Registration Statement to be declared effective as soon as possible after filing, but in no event later
than the earlier of (i) sixty (60) days (or ninety (90) days if the Commission notifies the Company that it will “review”
the Registration Statement) following the Filing Deadline or (ii) ten (10) Business Days after the Commission notifies the Company that
it will not review the Resale Shelf Registration Statement, if applicable (the “Effectiveness Deadline”). Once the
Resale Shelf Registration Statement is effective (the “Effective Date”), the Company shall maintain the Resale Shelf
Registration Statement in accordance with the terms hereof and shall keep the Resale Shelf Registration Statement continuously effective
and shall cause the Resale Shelf Registration Statement to be supplemented and amended (including post-effective amendments) to the extent
necessary to ensure that such Registration Statement is available or, if not available, to ensure that another Registration Statement
is available, under the Securities Act at all times until there are no longer any Registrable Securities (the “Effectiveness
Period”). The Resale Shelf Registration Statement shall contain a Prospectus in such form as to permit any Holder to sell such
Registrable Securities pursuant to Rule 415 under the Securities Act (or any successor or similar provision adopted by the Commission
then in effect) at any time beginning on the effective date for such Registration Statement (subject to lock-up restrictions provided
in this Agreement), and shall provide that such Registrable Securities may be sold pursuant to any method or combination of methods legally
available to, and requested by, the Holders.

 

     

     

    

 

(b) Notification and Distribution
of Materials. The Company shall notify the Holders in writing of the effectiveness of the Resale Shelf Registration Statement as
soon as practicable, and in any event within two (2) Business Days after the Resale Shelf Registration Statement becomes effective, and
shall furnish to them, without charge, such number of copies of the Resale Shelf Registration Statement (including any amendments, supplements
and exhibits), the Prospectus contained therein (including each preliminary prospectus and all related amendments and supplements) and
any documents incorporated by reference in the Resale Shelf Registration Statement or such other documents as the Holders may reasonably
request in order to facilitate the sale of the Registrable Securities in the manner described in the Resale Shelf Registration Statement.

 

(c) Amendments and Supplements.
Subject to the provisions of Section 1(a) above, the Company shall promptly prepare and file with the Commission from time to
time such amendments and supplements to the Resale Shelf Registration Statement and Prospectus used in connection therewith as may be
necessary to keep the Resale Shelf Registration Statement effective and to comply with the provisions of the Securities Act with respect
to the disposition of all the Registrable Securities during the Effectiveness Period. If any Resale Shelf Registration Statement filed
pursuant to Section 1(a) is filed on Form S-3 and thereafter the Company becomes ineligible to use Form S-3 for secondary sales,
the Company shall promptly notify the Holders of such ineligibility and shall file a shelf registration on Form S-1 or other appropriate
form as promptly as practicable to replace the shelf registration statement on Form S-3 and use its commercially reasonable efforts to
have such replacement Resale Shelf Registration Statement declared effective as promptly as practicable and to cause such replacement
Resale Shelf Registration Statement to remain effective, and shall cause the Resale Shelf Registration Statement to be supplemented and
amended to the extent necessary to ensure that such Resale Shelf Registration Statement is available or, if not available, that another
Resale Shelf Registration Statement is available, for the resale of all the Registrable Securities held by the Holders until all such
Registrable Securities have ceased to be Registrable Securities; provided, however, that at any time the Company once again becomes
eligible to use Form S-3, the Company shall cause such replacement Resale Shelf Registration Statement to be amended, or shall promptly
file a new replacement Resale Shelf Registration Statement, such that the Resale Shelf Registration Statement is once again on Form S-3.

 

(d) Notwithstanding the registration
obligations set forth in this Section 1, in the event the Commission informs the Company that all of the Registrable Securities
cannot, as a result of the application of Rule 415, be registered for resale as a secondary offering on a single Registration Statement,
the Company agrees to promptly (i) inform each of the Holders thereof and shall file amendments to the Resale Shelf Registration Statement
as required by the Commission and/or (ii) withdraw the Resale Shelf Registration Statement and file a new Registration Statement (a “New
Registration Statement”), on Form S-3, or if Form S-3 is not then available to the Company for such Registration Statement,
on such other form available to register for resale the Registrable Securities as a secondary offering; provided, however, that
prior to filing such amendment or New Registration Statement, the Company shall advocate with the Commission for the registration of
all of the Registrable Securities in accordance with any publicly-available written or oral guidance, comments, requirements or requests
of the Commission staff (the “SEC Guidance”), including without limitation, the Manual of Publicly Available Telephone
Interpretations D.29. Notwithstanding any other provision of this Agreement, if any SEC Guidance sets forth a limitation of the number
of Registrable Securities permitted to be registered on a particular Registration Statement as a secondary offering (and notwithstanding
that the Company used diligent efforts to advocate with the Commission for the registration of all or a greater number of Registrable
Securities), unless otherwise directed in writing by a Holder as to its Registrable Securities, the number of Registrable Securities
to be registered on such Registration Statement will be reduced on a pro rata basis based on the total number of Registrable Securities
held by the Holders, subject to a determination by the Commission that certain Holders must be reduced first based on the number of Registrable
Securities held by such Holders. In the event the Company amends the Resale Shelf Registration Statement or files a New Registration
Statement, as the case may be, under clauses (i) or (ii) above, the Company shall file with the Commission, as promptly as allowed by
Commission or SEC Guidance provided to the Company or to registrants of securities in general, one or more Registration Statements on
Form S-3 or such other form available to register for resale those Registrable Securities that were not registered for resale on the
Resale Shelf Registration Statement, as amended, or the New Registration Statement.

 

    2

     

    

 

2.   Piggyback
Registrations.

 

(a) Right to Piggyback.
If, at any time on or after the date the Company consummates the Acquisition, the Company proposes to register any of its securities
under the Securities Act (other than (i) in connection with registrations on Form S-4 or S-8 promulgated by the Commission or any successor
forms, (ii) a registration relating solely to employment benefit plans, or (iii) in connection with a registration the primary purpose
of which is to register debt securities) and the registration form to be used may be used for the registration of Registrable Securities
(a “Piggyback Registration”), the Company shall give prompt written notice to all holders of Registrable Securities
of its intention to effect such a Piggyback Registration and, subject to the terms of Sections 2(c) and 2(d) hereof, shall
include in such Piggyback Registration (and in all related registrations or qualifications under blue sky laws or in compliance with
other registration requirements and in any related underwriting) all Registrable Securities with respect to which the Company has received
written requests for inclusion therein within 10 Business Days after the delivery of the Company’s notice; provided that any such
other holder may withdraw its request for inclusion at any time prior to executing the underwriting agreement or, if none, prior to the
applicable Registration Statement becoming effective.

 

(b) Piggyback Expenses.
The Registration Expenses of the Holders of Registrable Securities shall be paid by the Company in all Piggyback Registrations, whether
or not any such registration became effective.

 

(c) Priority on Primary Registrations.
If a Piggyback Registration is an underwritten primary registration on behalf of the Company, and the managing underwriters advise the
Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number of
securities which can be sold in such offering without adversely affecting the marketability, proposed offering price, timing or method
of distribution of the offering, the Company shall include in such registration (i) first, the securities the Company proposes to sell,
(ii) second, the Registrable Securities requested to be included in such registration by the Holders which, in the opinion of such underwriters,
can be sold, without any such adverse effect (pro rata among the Holders of such Registrable Securities on the basis of the number of
Registrable Securities owned by each such Holder), and (iii) third, other securities requested to be included in such registration which,
in the opinion of such underwriters, can be sold, without any such adverse effect.

 

(d) Priority on
Secondary Registrations. If a Piggyback Registration is an underwritten secondary registration on behalf of Holders of the
Company’s securities other than Holders of Registrable Securities, and the managing underwriters advise the Company in writing
that in their opinion the number of securities requested to be included in such registration exceeds the number of securities which
can be sold in such offering without adversely affecting the marketability, proposed offering price, timing or method of
distribution of the offering, the Company shall include in such registration (i) first, the securities requested to be included
therein by the Holders initially requesting such registration, (ii) second, the Registrable Securities requested to be included in
such registration by the Holders which, in the opinion of such underwriters, can be sold, without any such adverse effect (pro rata
among the Holders of such Registrable Securities on the basis of the number of Registrable Securities owned by each such Holder),
and (iii) third, other securities requested to be included in such registration which, in the opinion of such underwriters, can be
sold, without any such adverse effect.

 

    3

     

    

 

(e) Other Registrations.
If the Company has previously filed a Registration Statement with respect to Registrable Securities pursuant to this Section 2,
and if such previous registration has not been withdrawn or abandoned, then the Company shall not be required to file or cause to be
effected any other registration of any of its equity securities or securities convertible or exchangeable into or exercisable for its
equity securities under the Securities Act (except on Form S-8 or any successor form) at the request of any holder or holders of such
securities until a period of at least 90 days has elapsed from the effective date of such previous registration.

 

(f) Right to Terminate Registration.
The Company shall have the right to terminate or withdraw any registration initiated by it under this Section 2 whether or not
any holder of Registrable Securities has elected to include securities in such registration. The Registration Expenses of such withdrawn
registration shall be borne by the Company in accordance with Section 6.

 

3.   Agreements
of Holders.

 

(a)   If
required by the Applicable Approving Party or the managing underwriter, in connection with any underwritten Public Offering on or after
the date hereof, each holder of 1% or more of the outstanding Registrable Securities shall enter into lock-up agreements with the managing
underwriter(s) of such underwritten Public Offering in such form as agreed to by the Applicable Approving Party; provided that
the applicable lock-up period shall not exceed 90 days.

 

(b)   The
holders of Registrable Securities shall use commercially reasonable efforts to provide such information as may reasonably be requested
by the Company, or the managing underwriter, if any, in connection with the preparation of any Registration Statement, including amendments
and supplements thereto, in order to effect the Registration Statement, including amendments and supplements thereto, in order to effect
the Registration of any Registrable Securities under the Securities Act pursuant to Section 2 and in connection with the Company’s
obligation to comply with federal and applicable state securities laws.

 

4.   Registration
Procedures. In connection with the Registration to be effected pursuant to the Resale Shelf Registration Statement, and whenever the
holders of Registrable Securities have requested that any Registrable Securities be registered pursuant to this Agreement, the Company
shall use its commercially reasonable efforts to effect the registration and the sale of such Registrable Securities in accordance with
the intended method of disposition thereof, and pursuant thereto the Company shall as expeditiously as reasonably possible:

 

(a)   prepare
in accordance with the Securities Act and all applicable rules and regulations promulgated thereunder and file with the Commission a Registration
Statement, and all amendments and supplements thereto and related prospectuses as may be necessary to comply with applicable securities
laws, with respect to such Registrable Securities and use commercially reasonable efforts to cause such Registration Statement to become
effective (provided that at least five (5) Business Days before filing a Registration Statement or prospectus or any amendments or supplements
thereto, the Company shall furnish to counsel selected by the Applicable Approving Party copies of all such documents proposed to be filed,
which documents shall be subject to the review and comment of such counsel);

 

(b)   notify
each holder of Registrable Securities of (A) the issuance by the Commission of any stop order suspending the effectiveness of any Registration
Statement or the initiation of any proceedings for that purpose, (B) the receipt by the Company or its counsel of any notification with
respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation or threatening
of any proceeding for such purpose, and (C) the effectiveness of each Registration Statement filed hereunder;

 

    4

     

    

 

(c)   prepare
and file with the Commission such amendments and supplements to such Registration Statement and the prospectus used in connection therewith
as may be necessary to keep such Registration Statement effective until all Registrable Securities covered by such Registration Statement
are sold in accordance with the intended plan of distribution set forth in such Registration Statement or have ceased to be Registrable
Securities (but not in any event before the expiration of any longer period required under the Securities Act or, if such Registration
Statement relates to an underwritten Public Offering, such longer period as in the opinion of counsel for the underwriters a prospectus
is required by law to be delivered in connection with sale of Registrable Securities by an underwriter or dealer) and comply with the
provisions of the Securities Act with respect to the disposition of all securities covered by such Registration Statement during such
period in accordance with the intended methods of disposition by the sellers thereof set forth in such Registration Statement;

 

(d)   furnish
to each seller of Registrable Securities thereunder such number of copies of such Registration Statement, each amendment and supplement
thereto, the prospectus included in such Registration Statement (including each preliminary prospectus), each Free-Writing Prospectus
and such other documents as such seller may reasonably request in order to facilitate the disposition of the Registrable Securities owned
by such seller;

 

(e)   during
any period in which a prospectus is required to be delivered under the Securities Act, promptly file all documents required to be filed
with the Commission, including pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Act;

 

(f)   use
its commercially reasonable efforts to register or qualify such Registrable Securities under such other securities or blue sky laws of
such jurisdictions as the lead underwriter or the Applicable Approving Party reasonably requests and do any and all other acts and things
which may be reasonably necessary or advisable to enable such seller to consummate the disposition in such jurisdictions of the Registrable
Securities owned by such seller (provided that the Company shall not be required to (i) qualify generally to do business in any jurisdiction
where it would not otherwise be required to qualify but for this Section 4(f), (ii) consent to general service of process in any
such jurisdiction, or (iii) subject itself to taxation in any such jurisdiction);

 

(g)   promptly
notify in writing each seller of such Registrable Securities (i) after it receives notice thereof, of the date and time when such Registration
Statement and each post-effective amendment thereto has become effective or a prospectus or supplement to any prospectus relating to a
Registration Statement has been filed and when any registration or qualification has become effective under a state securities or blue
sky law or any exemption thereunder has been obtained, (ii) after receipt thereof, of any request by the Commission for the amendment
or supplementing of such Registration Statement or prospectus or for additional information, and (iii) at any time when a prospectus relating
thereto is required to be delivered under the Securities Act, of the happening of any event as a result of which the prospectus included
in such Registration Statement contains an untrue statement of a material fact or omits any fact necessary to make the statements therein
not misleading, and, at the request of any such seller, the Company promptly shall prepare, file with the Commission and furnish to each
such seller a reasonable number of copies of a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers
of such Registrable Securities, such prospectus shall not contain an untrue statement of a material fact or omit to state any fact necessary
to make the statements therein not misleading;

 

(h)   cause
all such Registrable Securities to be listed on each securities exchange on which similar securities issued by the Company are then listed
and, if not so listed, to be listed on a securities exchange and, without limiting the generality of the foregoing, to arrange for at
least two market makers to register as such with respect to such Registrable Securities with FINRA;

 

(i)   provide
a transfer agent and registrar for all such Registrable Securities not later than the effective date of such Registration Statement;

 

    5

     

    

 

(j)   enter
into and perform such customary agreements (including underwriting agreements in customary form) and take all such other actions as the
Applicable Approving Party or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such
Registrable Securities (including, without limitation, effecting a stock split or a combination of shares and preparing for and participating
in such number of “road shows”, investor presentations and marketing events as the underwriters managing such offering may
reasonably request);

 

(k)   make
available for inspection by any seller of Registrable Securities, any underwriter participating in any disposition pursuant to such Registration
Statement and any attorney, accountant or other agent retained by any such seller or underwriter, all financial and other records, pertinent
corporate and business documents and properties of the Company as shall be necessary to enable them to exercise their due diligence responsibility,
and cause the Company’s officers, managers, directors, employees, agents, representatives and independent accountants to supply
all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such Registration
Statement;

 

(l)   take
all reasonable actions to ensure that any Free-Writing Prospectus utilized in connection with any Piggyback Registration hereunder complies
in all material respects with the Securities Act, is filed in accordance with the Securities Act to the extent required thereby, is retained
in accordance with the Securities Act to the extent required thereby and, when taken together with the related prospectus, shall not contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading;

 

(m)   otherwise
comply with all applicable rules and regulations of the Commission;

 

(n)   permit
any holder of Registrable Securities who, in its good faith judgment (based on the advice of counsel), could reasonably be expected to
be deemed to be an underwriter or a controlling Person of the Company to participate in the preparation of such registration or comparable
statement and to require the insertion therein of material furnished to the Company in writing, which in the reasonable judgment of such
holder and its counsel should be included;

 

(o)   in
the event of the issuance of any stop order suspending the effectiveness of a Registration Statement, or of any order suspending or preventing
the use of any related prospectus or suspending the qualification of any Common Stock included in such Registration Statement for sale
in any jurisdiction, the Company shall use its commercially reasonable efforts promptly to obtain the withdrawal of such order;

 

(p)   use
its commercially reasonable efforts to cause such Registrable Securities covered by such Registration Statement to be registered with
or approved by such other governmental agencies or authorities as may be necessary to enable the sellers thereof to consummate the disposition
of such Registrable Securities;

 

(q)   cooperate
with the holders of Registrable Securities covered by the Registration Statement and the managing underwriter or agent, if any, to facilitate
the timely preparation and delivery of certificates (not bearing any restrictive legends) representing securities to be sold under the
Registration Statement and enable such securities to be in such denominations and registered in such names as the managing underwriter,
or agent, if any, or such holders may request;

 

(r)   cooperate
with each holder of Registrable Securities covered by the Registration Statement and each underwriter or agent participating in the disposition
of such Registrable Securities and their respective counsel in connection with any filings required to be made with FINRA;

 

    6

     

    

 

(s)   if
such Registration includes an underwritten Public Offering, use its commercially reasonable efforts to obtain a cold comfort letter from
the Company’s independent public accountants and addressed to the underwriters, in customary form and covering such matters of the
type customarily covered by cold comfort letters as the underwriters in such Registration reasonably request;

 

(t)   provide
a legal opinion of the Company’s outside counsel, dated the effective date of such Registration Statement (and, if such Registration
includes an underwritten Public Offering, dated the date of the closing under the underwriting agreement), with respect to the Registration
Statement, each amendment and supplement thereto, the prospectus included therein (including the preliminary prospectus) and such other
documents relating thereto in customary form and covering such matters of the type customarily covered by legal opinions of such nature,
which opinion shall be addressed to the underwriters; and

 

(u)   if
the Company does not pay the filing fee covering the Registrable Securities at the time an automatic shelf registration Statement is filed,
pay such fee at such time or times as the Registrable Securities are to be sold.

 

5. Termination of Rights.
Notwithstanding anything contained herein to the contrary, the right of any Holder to include Registrable Securities in any Piggyback
Registration shall terminate until such time as there are no longer any Registrable Securities.

 

6. Registration Expenses.

 

(a)   All
expenses incident to the Company’s performance of or compliance with this Agreement, including, without limitation, all registration,
qualification and filing fees, listing fees, fees and expenses of compliance with securities or blue sky laws, stock exchange rules and
filings, printing expenses, messenger and delivery expenses, fees and disbursements of custodians, and fees and disbursements of counsel
for the Company and all independent certified public accountants, underwriters (excluding underwriting discounts and commissions) and
other Persons retained by the Company (all such expenses being herein called “Registration Expenses”), shall be borne
by the Company as provided in this Agreement and, for the avoidance of doubt, the Company also shall pay all of its internal expenses
(including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense
of any annual audit or quarterly review, and the expenses and fees for listing the securities to be registered on each securities exchange
on which similar securities issued by the Company are then listed. Each Person that sells securities pursuant to a Piggyback Registration
hereunder shall bear and pay all underwriting discounts and commissions and transfer taxes applicable to the securities sold for such
Person’s account.

 

(b)   The
Company shall reimburse the holders of Registrable Securities included in such registration for the reasonable fees and disbursements,
not to exceed $25,000 with respect to any such Registration, of one counsel and one local counsel (if necessary) chosen by the Applicable
Approving Party for purpose of rendering a legal opinion on behalf of such Holders in connection with any Piggyback Registration.

 

(c)   To
the extent Registration Expenses are not required to be paid by the Company, each holder of securities included in any registration hereunder
shall pay those Registration Expenses allocable to the registration of such holder’s securities so included, and any Registration
Expenses not so allocable shall be borne by all sellers of securities included in such registration in proportion to the aggregate selling
price of the securities to be so registered.

 

    7

     

    

 

7.   Indemnification.

 

(a)   The
Company agrees to (i) indemnify and hold harmless, to the fullest extent permitted by law, each Holder and their respective officers,
directors, members, partners, agents, affiliates and employees and each Person who controls such Holder (within the meaning of the Securities
Act or the Exchange Act) against all losses, claims, actions, damages, liabilities and expenses caused by (A) any untrue or alleged untrue
statement of material fact contained in any Registration Statement, prospectus or preliminary prospectus or any amendment thereof or supplement
thereto or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein
not misleading, or (B) any violation or alleged violation by the Company of the Securities Act or any other similar federal or state securities
laws or any rule or regulation promulgated thereunder applicable to the Company and relating to action or inaction required of the Company
in connection with any such registration, qualification or compliance, and (ii) pay to each Holder and their respective officers, directors,
members, partners, agents, affiliates and employees and each Person who controls such Holder (within the meaning of the Securities Act
or the Exchange Act), as incurred, any legal and any other expenses reasonably incurred in connection with investigating, preparing or
defending any such claim, loss, damage, liability or action, except insofar as the same are caused by or contained in any information
furnished in writing to the Company or any managing underwriter by such Holder expressly for use therein; provided, however, that
the indemnity agreement contained in this Section 7 shall not apply to amounts paid in settlement of any such claim, loss, damage,
liability or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld,
conditioned or delayed), nor shall the Company be liable in any such case for any such claim, loss, damage, liability or action to the
extent that it solely arises out of or is based upon an untrue statement of any material fact contained in the Registration Statement
or omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading,
in each case to the extent that such untrue statement or alleged untrue statement or omission or alleged omission was made in the Registration
Statement, in reliance upon and in conformity with written information furnished by such Holder expressly for use in connection with such
Registration Statement. In connection with an underwritten offering, the Company shall indemnify any underwriters or deemed underwriters,
their officers and directors and each Person who controls such underwriters (within the meaning of the Securities Act or the Exchange
Act) to the same extent as provided above with respect to the indemnification of the holders of Registrable Securities.

 

(b)   In
connection with any Registration Statement in which a holder of Registrable Securities is participating, each such holder shall furnish
to the Company in writing such information as the Company reasonably requests for use in connection with any such Registration Statement
or prospectus and, to the extent permitted by law, shall indemnify the Company, its officers, directors, employees, agents and representatives
and each Person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities and
expenses resulting from any untrue or alleged untrue statement of material fact contained in the Registration Statement, prospectus or
preliminary prospectus or any amendment thereof or supplement thereto or any omission or alleged omission of a material fact required
to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue statement or
omission is contained in any information so furnished in writing by such holder; provided that the obligation to indemnify shall be individual,
not joint and several, for each holder and shall be limited to the net amount of proceeds actually received by such holder from the sale
of Registrable Securities pursuant to such Registration Statement.

 

(c)   Any
Person entitled to indemnification hereunder shall (i) give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any Person’s right to indemnification
hereunder to the extent such failure has not materially prejudiced the indemnifying party) and (ii) unless in such indemnified party’s
reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit
such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense
is assumed, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified party without its
consent (but such consent shall not be unreasonably withheld, conditioned or delayed). An indemnifying party who is not entitled to, or
elects not to, assume the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel (as well as
one local counsel) for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment
of any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with
respect to such claim. In such instance, the conflicted indemnified parties shall have a right to retain one separate counsel, chosen
by the holders of a majority of the Registrable Securities included in the registration, at the expense of the indemnifying party. No
indemnifying party, in the defense of such claim or litigation, shall, except with the consent of each indemnified party, consent to the
entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant
or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.

 

    8

     

    

 

(d)   Each
party hereto agrees that, if for any reason the indemnification provisions contemplated by Sections 7(a) or Section 7(b)
are unavailable to or insufficient to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities or expenses
(or actions in respect thereof) referred to therein, then each indemnifying party, in lieu of indemnifying such indemnified party, shall
contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages, liabilities or expenses
(or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified
party in connection with the actions which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant
equitable considerations. The relative fault of such indemnifying party and indemnified party shall be determined by reference to, among
other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged
omission to state a material fact, relates to information supplied by such indemnifying party or indemnified party, and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto
agree that it would not be just or equitable if contribution pursuant to this Section 7(d) were determined by pro rata allocation
(even if the holders or any underwriters or all of them were treated as one entity for such purpose) or by any other method of allocation
which does not take account of the equitable considerations referred to in this Section 7(d). The amount paid or payable by an
indemnified party as a result of the losses, claims, damages, liabilities or expenses (or actions in respect thereof) referred to above
shall be deemed to include any legal or other fees or expenses reasonably incurred by such indemnified party in connection with investigating
or, except as provided in Section 7(c), defending any such action or claim. No Person guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation. The sellers’ obligations in this Section 7(d) to contribute shall be several in proportion to the amount
of securities registered by them and not joint and shall be limited to an amount equal to the net proceeds actually received by such seller
from the sale of Registrable Securities effected pursuant to such registration.

 

(e)   The
indemnification and contribution provided for under this Agreement shall remain in full force and effect regardless of any investigation
made by or on behalf of the indemnified party or any officer, director or controlling Person of such indemnified party and shall survive
the transfer of Registrable Securities and the termination or expiration of this Agreement.

 

8.   Participation
in Underwritten Registrations. No Person may participate in any registration hereunder which is underwritten unless such Person (a)
agrees to sell such Person’s securities on the basis provided in any underwriting arrangements approved by the Person or Persons
entitled hereunder to approve such arrangements (including, without limitation, pursuant to any over-allotment or “green shoe”
option requested by the underwriters; provided that no holder of Registrable Securities shall be required to sell more than the number
of Registrable Securities such holder has requested to include) and (b) completes and executes all questionnaires, powers of attorney,
custody agreements, stock powers, indemnities, underwriting agreements and other documents required under the terms of such underwriting
arrangements; provided that no holder of Registrable Securities included in any underwritten registration shall be required to make any
representations or warranties to the Company or the underwriters (other than representations and warranties regarding such holder, such
holder’s title to the securities, such Person’s authority to sell such securities and such holder’s intended method
of distribution) or to undertake any indemnification obligations to the Company or the underwriters with respect thereto that are materially
more burdensome than those provided in Section 7. Each holder of Registrable Securities shall execute and deliver such other agreements
as may be reasonably requested by the Company and the lead managing underwriter(s) that are consistent with such holder’s obligations
under Section 3, Section 4 and this Section 8 or that are necessary to give further effect thereto. To the extent
that any such agreement is entered into pursuant to, and consistent with, Section 3 and this Section 8, the respective rights
and obligations created under such agreement shall supersede the respective rights and obligations of the holders, the Company and the
underwriters created pursuant to this Section 8.

 

    9

     

    

 

9. Other Agreements;
Certain Limitations on Registration Rights. The Company shall file all reports required to be filed by it under the Securities Act
and the Exchange Act and the rules and regulations adopted by the Commission thereunder and shall take such further action as the Holders
may reasonably request, all to the extent required to enable such Persons to sell securities pursuant to (a) Rule 144 adopted by the
Commission under the Securities Act (as such rule may be amended from time to time) or any similar rule or regulation hereafter adopted
by the Commission or (b) a Registration Statement on Form S-3 or any similar registration form hereafter adopted by the Commission. Upon
request, the Company shall deliver to the Holders a written statement as to whether it has complied with such requirements. The Company
shall at all times use its commercially reasonable efforts to cause the securities so registered to continue to be listed on one or more
of the New York Stock Exchange, the New York Stock Exchange American and the Nasdaq Stock Market. The Company shall use its best efforts
to facilitate and expedite transfers of Registrable Securities pursuant to Rule 144, which efforts shall include timely notice to its
transfer agent to expedite such transfers of Registrable Securities and delivery of any opinions requested by the transfer agent.

 

10. Definitions.

 

(a)   “Applicable
Approving Party” means the holders of a majority of the Registrable Securities participating in the applicable offering.

 

(b)   “Business
Day” means any day that is not a Saturday or Sunday or a legal holiday in the state in which the Company’s chief executive
office is located.

 

(c)   “Commission”
means the U.S. Securities and Exchange Commission.

 

(d)   “Common
Stock” means the Class A Common Stock of the Company, par value $0.01 per share.

 

(e)   “Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor federal law then in force, together
with all rules and regulations promulgated thereunder.

 

(f)   “Fair
Market Value” means (i) in the case of any publicly traded security, the average of the closing sale prices thereof on the principal
market on which it is traded for the last five (5) full trading days prior to the determination, and (ii) in the case of any other asset
or property, the price, determined by the Board of Directors of the Company, at which a willing seller would sell and a willing buyer
would buy such asset or property, as of the applicable valuation determination date (without taking into account events subsequent to
that date) in an arm’s-length transaction.

 

(g)   “FINRA”
means the Financial Industry Regulatory Authority.

 

(h)   “Free-Writing
Prospectus” means a free-writing prospectus, as defined in Rule 405 of the Securities Act.

 

(i)   “Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint
venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof.

 

    10

     

    

 

(j)   “Prospectus”
means the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended by any
and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

(k)   “Public
Offering” means any sale or distribution by the Company and/or holders of Registrable Securities to the public of Common Stock
pursuant to an offering registered under the Securities Act.

 

(l)   “Register,”
“Registered” and “Registration” mean a registration effected by preparing and filing a Registration
Statement or similar document in compliance with the requirements of the Securities Act, and the applicable rules and regulations promulgated
thereunder, and such Registration Statement becoming effective.

 

(m)   “Registrable
Securities” means (i) any outstanding share of Common Stock (including the shares of Common Stock issued or issuable upon the
exercise or conversion of any other equity security) of the Company held by a Holder as of the date of this Agreement or (ii) any Common
Stock issued or issuable with respect to the securities referred to in the preceding clause (i) by way of a stock dividend or stock split
or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization. As to any particular Registrable
Securities, such securities shall cease to be Registrable Securities on the later of the (i) one year anniversary of the Effective Date
or (ii) on such date that such Holder may sell all of the Registrable Securities owned by such Holder pursuant to Rule 144 of the Securities
Act without any restrictions as to volume or manner of sale or otherwise.

 

(n)   “Registration
Statement” means any registration statement filed by the Company with the Commission in compliance with the Securities Act and
the rules and regulations promulgated thereunder for a public offering and sale of Common Stock or Registrable Securities, including the
Prospectus included in such registration statement, amendments (including post-effective amendments) and supplements to such registration
statement, and all exhibits to and all material incorporated by reference in such registration statement (other than a registration statement
on Form S-4 or Form S-8, or their successors).

 

(o)   “Rule
144”, “Rule 405”, and “Rule 415” mean, in each case, such rule promulgated under the Securities
Act (or any successor provision) by the Commission, as the same shall be amended from time to time, or any successor rule then in force.

 

(p)   “Securities
Act” means the Securities Act of 1933, as amended from time to time, or any successor federal law then in force, together with
all rules and regulations promulgated thereunder.

 

(q)   “Shelf
Participant” means any holder of Registrable Securities listed as a potential selling stockholder in connection with the Resale
Shelf Registration Statement or the Shelf Registration or any such holder that could be added to such Resale Shelf Registration Statement
or Shelf Registration without the need for a post-effective amendment thereto or added by means of an automatic post-effective amendment
thereto.

 

(r)   “Transfer”
means the (i) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise
dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation
with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations
of the Commission promulgated thereunder with respect to, any security, (ii) entry into any swap or other arrangement that transfers to
another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled
by delivery of such securities, in cash or otherwise, or (iii) public announcement of any intention to effect any transaction specified
in clause (i) or (ii).

 

    11

     

    

 

11.   Miscellaneous.

 

(a) No Inconsistent
Agreements. The Company shall not hereafter enter into any agreement with respect to its securities which is inconsistent with or
violates or in any way impairs the rights granted to the Holders in this Agreement.

 

(b) Entire
Agreement. This Agreement constitutes the entire agreement of the parties hereto with respect to the subject matter hereof and supersedes
all prior agreements, understandings, negotiations and discussions among the parties hereto, written or oral, with respect to the subject
matter hereof.

 

(c) Remedies.
Any Person having rights under any provision of this Agreement shall be entitled to enforce such rights specifically (without posting
a bond or other security), to recover damages caused by reason of any breach of any provision of this Agreement and to exercise all other
rights granted by law. The parties hereto agree and acknowledge that money damages would not be an adequate remedy for any breach of
the provisions of this Agreement and that, in addition to any other rights and remedies existing in its favor, any party shall be entitled
to specific performance and/or other injunctive relief from any court of law or equity of competent jurisdiction (without posting any
bond or other security) in order to enforce or prevent violation of the provisions of this Agreement.

 

(d) Other Registration
Rights. Other than as set forth in the Company’s filings with the Commission, the Company represents and warrants that no Person,
other than a holder of Registrable Securities pursuant to this Agreement, has any right to require the Company to register any securities
of the Company for sale or to include such securities of the Company in any Registration Statement filed by the Company for the sale
of securities for its own account or for the account of any other person. Further, the Company represents and warrants that this Agreement
supersedes any other registration rights agreement or agreement with similar terms and conditions and in the event of a conflict between
any such agreement or agreements and this Agreement, the terms of this Agreement shall prevail.

 

(e) Amendments
and Waivers. Compliance with any of the provisions, covenants and conditions set forth in this Agreement may be waived, or any of
such provisions, covenants or conditions may be amended or modified, with the written consent of the Company and in the case of any other
provision, covenant or condition, the Holders of at least a majority in interest of the Registrable Securities at the time in question;
provided, however, that notwithstanding the foregoing, any amendment hereto or waiver hereof that adversely affects one Holder,
solely in its capacity as a holder of the shares of capital stock of the Company, in a manner that is materially different from the other
Holders (in such capacity) shall require the consent of the Holder so affected. Any amendment or waiver effected in accordance with this
Section 11(e) shall be binding upon each Holder and the Company. No course of dealing between any Holder or the Company and any
other party hereto or any failure or delay on the part of a Holder or the Company in exercising any rights or remedies under this Agreement
shall operate as a waiver of any rights or remedies of any Holder or the Company. No single or partial exercise of any rights or remedies
under this Agreement by a party shall operate as a waiver or preclude the exercise of any other rights or remedies hereunder or thereunder
by such party.

 

(f) Successors
and Assigns; No Third-Party Beneficiaries. This Agreement and the rights, duties and obligations of the Company hereunder may not
be assigned or delegated by the Company in whole or in part. A Holder may assign or delegate such Holder’s rights, duties or obligations
under this Agreement, in whole or in part, to any Person with the prior written consent of the Company. This Agreement and the provisions
hereof shall be binding upon and shall inure to the benefit of each of the parties and their respective successors and permitted assigns.
This Agreement shall not confer any rights or benefits on any Persons that are not parties hereto, other than as expressly set forth
in this Agreement. No assignment by any party hereto of such party’s rights, duties and obligations hereunder shall be binding
upon or obligate the Company unless and until the Company shall have received (i) written notice of such assignment as provided in Section
11(j) and (ii) the written agreement of the assignee, in a form reasonably acceptable to the Company, to be bound by the terms and
provisions of this Agreement. Any transfer or assignment made other than as provided in this Section 11(f) shall be null and void.
All covenants and agreements in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the
respective successors and assigns of the parties hereto whether so expressed or not. In addition, whether or not any express assignment
has been made, the provisions of this Agreement which are for the benefit of purchasers or holders of Registrable Securities are also
for the benefit of, and enforceable by, any subsequent holder of Registrable Securities.

 

    12

     

    

 

(g) Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Agreement is held to be prohibited by or invalid, illegal or unenforceable in any respect under any
applicable law, such provision shall be ineffective only to the extent of such prohibition, invalidity, illegality or unenforceability,
without invalidating the remainder of this Agreement.

 

(h) Counterparts.
This Agreement may be executed simultaneously in counterparts, any one of which need not contain the signatures of more than one party,
but all such counterparts taken together shall constitute one and the same Agreement. Counterparts may be delivered via facsimile, electronic
mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic
Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered
shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

(i) Descriptive Headings;
Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this
Agreement. The use of the word “including” herein shall mean “including without limitation.”

 

(j) Governing Law. All
issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement and the exhibits and schedules
hereto shall be governed by, and construed in accordance with, the laws of the State of Florida, without giving effect to any choice
of law or conflict of law rules or provisions (whether of the State of Florida or any other jurisdiction) that would cause the application
of the laws of any jurisdiction other than the State of Florida.

 

(k) Notices. All notices,
demands or other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and
shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by telecopy or email or by registered
or certified mail (postage prepaid, return receipt requested) to each Holder at the address indicated on the Schedule of Holders attached
hereto as Schedule A and to the Company at the address indicated below (or at such other address for a party as shall be specified
in a notice given in accordance with this Section 11(j)):

 

if to the Company:

 

HEICO Electronic Technologies Corp.

825 Brickell Bay Drive

Suite 1644, Tower III

Miami, FL 33131

Attn: Victor H. Mendelson

Fax no: (305) 374-6742

E-mail address: vmendelson@heico.com

 

with a copy to (which shall not constitute notice):

 

HEICO Corporation

825 Brickell Bay Drive, Suite 1644

Miami, FL 33131

Attention: General Counsel

Fax no.: (305) 374-6742

E-mail address: jpallot@heico.com

 

    13

     

    

 

with a copy to (which shall not constitute notice):

 

Akerman LLP

Three Brickell City Centre

98 S.E. 7th Street, Suite 1100

Miami, FL 33131

Attention: Jonathan L. Awner

Fax No.: (305) 374-5095

E-mail address: Jonathan.awner@akerman.com

 

(l) Mutual
Waiver of Jury Trial. As a specifically bargained inducement for each of the parties to enter into this Agreement (with each party
having had opportunity to consult counsel), each party hereto expressly and irrevocably waives the right to trial by jury in any lawsuit
or legal proceeding relating to or arising in any way from this Agreement or the transactions contemplated herein, and any lawsuit or
legal proceeding relating to or arising in any way to this Agreement or the transactions contemplated herein shall be tried in a court
of competent jurisdiction by a judge sitting without a jury.

 

(m) Adjustments.
If, and as often as, there are any changes in the Registrable Securities by way of stock split, stock dividend, combination or reclassification,
or through merger, consolidation, reorganization, recapitalization or sale, or by any other means, appropriate adjustment shall be made
in the provisions of this Agreement, as may be required, so that the rights, privileges, duties and obligations hereunder shall continue
with respect to the Registrable Securities as so changed.

 

(n) No Strict
Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity
or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no
presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of
this Agreement.

 

signature pages follow

 

    14

     

    

 

IN WITNESS WHEREOF, the parties
hereto have executed this Agreement as of the date first written above.

 

	 	HEICO CORPORATION
	 	 
	 	By:	/s/ Victor H. Mendelson
	 	Name:	Victor H. Mendelson
	 	Title:	Co-President

 

    15

     

    

 

Complete the following as appropriate:

 

	By:	/s/ Seymour Robin	 
	Seymour Robin, as Co-Trustee of the Seymour 	 
	Robin Living Trust of 1987	 
	 	 	 
	By:	/s/ Lori Vreeke	 
	Lori Vreeke, as Co-Trustee of the Seymour 	 
	Robin Living Trust of 1987	 

 

Holder Address for Notices:

 

	 	 
	 	 
	 	 
	 	 	 
	Facsimile:	 	 
	Attention:	 	 
	 	 	 

 

    16

     

    

 

Schedule A

 

Schedule of Holders

 

1. The Seymour Robin Living Trust of
1987.

 

 

17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}]]