EXHIBIT 10.1





 


STOCK
REPURCHASE AGREEMENT


THIS
STOCK REPURCHASE AGREEMENT (this "Agreement") is made and entered into as of the later of the two signature dates
below, by and between The Longview Fund, L.P. ( the "Seller") and Optex Systems Holdings, Inc., a company
incorporated under the laws of the State of Delaware (the "Purchaser or Company").


The
Seller and Purchaser may be referred to hereinafter from time to time individually as a "Party" and collectively
as "Parties".


W
I T N E S S E T H:


WHEREAS,
Seller desires to sell to Purchaser, and Purchaser desires to purchase from Seller, 700,000 shares of Common Stock, par
value US$ 0.001 each, in the Purchaser (the "Shares");


WHEREAS,
Seller acknowledges that it received all information that Seller considers necessary or appropriate to enable the Seller to decide
whether to enter into this Agreement and to consummate the transaction contemplated herein;


WHEREAS,
Seller acknowledges that it is the sole record owner of the Shares; and


WHEREAS,
Seller acknowledges that it has all requisite power to enter into and perform this Agreement, and Seller further acknowledges that
it has taken all necessary corporate action on the part of the Seller, its respective directors and Sellers, necessary for the
authorization, execution, delivery and performance by the Seller of this Agreement and the consummation of the transaction contemplated
herein.


NOW,
THEREFORE, in consideration of the mutual promises, covenants and conditions herein contained, it is hereby agreed as follows:


SECTION
1 THE TRANSACTION


Repurchase
of Shares 


1.1 By executing
this Agreement and a stock power endorsed in blank, Seller is hereby selling to Purchaser, and Purchaser is hereby purchasing from
Seller, the Shares which are free of any third party preemptive or similar rights, and free and clear of any mortgages, liens,
pledges, charges, security interests or any other third party rights (other than any third party rights under the existing Sellers'
Agreement (the "Sellers' Agreement"), to the extent applicable), at a price per share equal to $0.74 totaling an aggregate
gross amount of $518,000 (the "Consideration").


1.2
Upon the later of: (i) five (5) business days following the execution date of this Agreement, and (ii) the receipt
by Purchaser of the original certificate(s) representing the Shares, duly endorsed or accompanied by duly executed stock power(s)
or, in the event such original certificate has been lost, destroyed or is otherwise unavailable for delivery, the lost stock affidavit
in the form attached hereto as Exhibit B, Purchaser shall transfer the Consideration to Seller. The payment of the
Consideration shall be subject to any deduction or withholding (tax or otherwise) required under any applicable law, and any amounts
so deducted or withheld shall be treated for all purposes under this Agreement as having been paid to the Seller by the Purchaser.
If applicable, the Seller will delivered to the Purchaser dully signed W-8 or W-9 forms, as the case may be. The stock certificate(s)
or the lost stock affidavit, as the case may be, will be delivered by Seller to Purchaser by an internationally recognized overnight
courier prepaid to the Purchaser’s corporate address.





 







    

    

    

 


1.3 Seller
hereby represents and warrants to Purchaser, as follows:


(a)
Seller is the sole lawful owner, beneficially and of record, of the Shares, and upon the consummation of the transactions contemplated
in this Agreement, Purchaser will acquire from Seller, good and marketable title to such Shares free and clear of all liens, charges,
encumbrances, debt, restrictions, rights, claims, options to purchase, proxies, voting trusts and other voting agreements, calls
and commitments of any kind.


(b)
As of the consummation of the transactions contemplated in this Agreement, Seller has full and unrestricted legal right, power
and authority to enter into and perform all of its obligations under this Agreement, and to sell and transfer the Shares to Purchaser
as provided herein. This Agreement, when executed and delivered by or on behalf of Seller, shall constitute the valid and legally
binding obligation of Seller, legally enforceable against Seller in accordance with its terms.


(c)
At the time of execution of this Agreement, Seller is not in possession of any material inside information of the Company.


(d) The
execution and delivery of this Agreement and the consummation of the transactions contemplated hereby will not result in a breach
by the Seller of, or constitute a default by the Seller under, any agreement, instrument, decree, judgment or order to which the
Seller is a party or by which the Seller may be bound.


(e) By
reason of the Seller’s business or financial experience or the business or financial experience of the Seller’s professional
advisers who are unaffiliated with the Company and who are not compensated by the Company, the Seller has the capacity to protect
the Seller’s own interests in connection with the sale of the Shares to the Company. The Seller is capable of evaluating
the potential risks and benefits of the sale hereunder of the Shares.


(f) The
Seller has received all of the information that the Seller considers necessary or appropriate for deciding whether to sell the
Shares hereunder and perform the other transactions contemplated hereby. The Seller further represents that the Seller has had
an opportunity to ask questions and receive answers from the Company regarding the business, properties, prospects and financial
condition of the Company and to seek from the Company such additional information as the Seller has deemed necessary to verify
the accuracy of any such information furnished or otherwise made available to the Seller by or on behalf of the Company.


(g) The
Seller acknowledges that the Seller will have no future participation in any Company gains, losses, profits or distributions with
respect to the Shares. If the Shares increase in value by any means, or if the Company’s equity becomes freely tradable and
increases in value, the Seller acknowledges that the Seller is voluntarily forfeiting any opportunity to share in any resulting
increase in value from the Shares.


(h)
The Seller has had an opportunity to review with the Seller’s tax advisers the federal, state, local and foreign tax consequences
of the Repurchase and the transactions contemplated by this Agreement. The Seller is relying solely on such advisers and not on
any statements or representations of the Company or any of its agents. The Seller understands that the Seller (and not the Company)
shall be responsible for the Seller’s tax liability and any related interest and penalties that may arise as a result of
the transactions contemplated by this Agreement. 





 







    

    

    



SECTION
2 - Miscellaneous


2.1 Governing
Law; Jurisdiction. The construction, interpretation and performance of this Agreement shall be governed by the laws of the
State of Delaware. Any and all disputes which may arise between the Parties as a result of or in connection with this Agreement,
its interpretation, performance or breach shall be brought and enforced in the courts of the state of Delaware.


2.2 Successors
and Assigns. The provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors
and administrators of the Parties; provided, however, that no party may assign its rights hereunder without the prior written consent
of the other Parties.


2.3 Entire
Agreement; Amendment. This Agreement, including its preamble and exhibits, and the other documents delivered pursuant thereto
constitute the full and entire understanding and agreement between the Parties with regard to the subject matters hereof and thereof
and supersede all prior agreements and understandings relating thereto. Neither this Agreement nor any term hereof may be amended,
waived, discharged or terminated except by an instrument in writing signed by all the Parties.


2.4 Notices.
All notices and other communications required or permitted to be given or sent hereunder shall be in writing and shall be deemed
to have been sufficiently given or delivered for all purposes if mailed by registered airmail, transmitted by facsimile, or delivered
by hand to the Parties' respective addresses set forth in the signature page hereto. All notices sent by registered mail shall
be deemed to have been received within seven (7) business days of posting. If delivered by hand, upon their delivery.


2.5 Delays
or Omissions. No delay or omission to exercise any right, power or remedy upon any breach or default under this Agreement shall
impair any such right, power or remedy of such holder nor shall it be construed to be a waiver of any such breach or default.


2.6 Waiver
of Default. No waiver with respect to any breach or default in the performance of any obligation under the terms of this Agreement
shall be deemed to be a waiver with respect to any subsequent breach or default, whether of similar or different nature. Any waiver,
permit, consent or approval of any kind or character shall be effective only if made in writing and only to the extent specifically
set forth in such writing. All remedies, either under this Agreement or by virtue of law or otherwise afforded to any holder, shall
be cumulative and not alternative.


2.7 Rights;
Severability. If any provision of this Agreement is held by an arbitrator or a court of competent jurisdiction to be unenforceable
under applicable law, then such provision shall be excluded from this Agreement and the remainder of this Agreement shall be interpreted
as if such provision were so excluded and shall be enforceable in accordance with its terms; provided, however, that in such event
this Agreement shall be interpreted so as to give effect, to the greatest extent consistent with and permitted by applicable law,
to the meaning and intention of the excluded provision as determined by such an arbitrator or court of competent jurisdiction.


2.8 Expenses.
Each part shall pay its own expenses, including legal expenses in connection with the transaction contemplated by this Agreement.








 







    

    

    


2.9 Titles
and Subtitles. The titles of the sections and subsections of this Agreement are for convenience of reference only and are not
to be considered in construing this Agreement.


2.10 Counterparts.
This Agreement may be signed in counterparts, each of which shall be deemed to be an original, and together shall constitute one
and the same instrument. The Parties may execute this Agreement via facsimile.


 


IN
WITNESS WHEREOF, the Parties have executed this Stock Purchase Agreement as of the date first above-mentioned.


 


 





	THE LONGVIEW FUND, L.P.:	 	OPTEX SYSTEMS HOLDINGS, INC.:
	 	 	 
	 	 	 
	By:	 	 	By:	 
	Address:	 	 	Address:	 
	 	 	 	 	 
	Date:	 	 	Date: