Document:

Lockbox Processing Agreement, dated August 2, 2010

 Exhibit 10.10 

EXECUTION COPY 

SERIES 2010-B LOCKBOX PROCESSING AGREEMENT 

August 2, 2010 

Regulus Group II LLC (“Processor”), AmeriCredit Financial Services, Inc. (“AmeriCredit”) and Wells
Fargo Bank, National Association, as Trustee (the “Trustee”), agree as follows: 
 1. Servicing
Arrangements. AmeriCredit, as Servicer (the “Servicer”), AFS SenSub Corp., as Seller (“Seller”), AmeriCredit Automobile Receivables Trust 2010-B (the “Trust”) and the Trustee entered into a Sale
and Servicing Agreement dated as of August 2, 2010 (as amended, supplemented and otherwise modified from time to time, the “Sale and Servicing Agreement”), relating to the Receivables (as such term is defined in the Sale and
Servicing Agreement), pursuant to which the Receivables were sold, transferred, assigned, or otherwise conveyed to the Trust. The Sale and Servicing Agreement contemplates the engagement of a processor for lockbox services, and the Indenture
contemplates that the Lockbox Account (as defined herein) will be assigned and pledged to the Trust Collateral Agent. The Sale and Servicing Agreement does not include specific terms for the provision of data processing services of remittance items.
Such terms are set forth in this Lockbox Processing Agreement (the “Agreement”). For avoidance of doubt, Processor is not a depository institution. All capitalized terms used herein and not otherwise defined herein shall have the
meanings specified in the Sale and Servicing Agreement. 
 2. Remittance Processing Services. In order to provide a means
of collection of the Receivables which will allow the Trustee to receive the proceeds of the Receivables and related security without AmeriCredit or its Affiliates having access to the funds, the parties hereto agree for the benefit of the Trustee
that the processing services (the “Service(s)”) of Processor will be used for the collection and the deposit of remittances related to the Receivables and related security. 

3. Customer Remittances. Obligors of the Receivables will be directed by AmeriCredit to forward their remittances to Processor at
a post office address (the “Lockbox”) assigned by Processor and established in AmeriCredit’s name. Processor may only change the address of the Lockbox upon (i) thirty (30) days prior written notice to AmeriCredit,
the Trustee and the Insurer and (ii) prior written consent of AmeriCredit. Processor, acting for the exclusive benefit of the Trustee, shall have unrestricted and exclusive access to the mail directed to this address. AmeriCredit agrees to
notify Processor thirty (30) days in advance of any change in Obligor remittance statements and/or mailing schedule. 
 4.
Collection of Mail. Processor will collect mail from the Lockbox at regular intervals each business day, but not less than two times daily. 

5. Endorsement of Items. Processor will process, on behalf of AmeriCredit, checks and other deposited items that appear to be for
deposit to the credit of AmeriCredit or its Affiliates in accordance with Processor’s Lockbox Processing Agreement and Instructions, or other applicable agreement and related service terms (individually and collectively, the “Regulus
Documentation”), as appropriate. 

 6. Credit of Funds to Account. 

(a) Processor will process the checks and other deposited items and credit the total amount to the account described below (the
“Lockbox Account”). The Lockbox Account will be established at JPMorgan Chase Bank, N.A. (ABA No.: 122100024) as account number 662633197 in the name of the Trust. The Lockbox Account will be maintained by and all banking functions
will be provided by JPMorgan Chase Bank, N.A. 
 (b) Unless otherwise directed by the Trustee (with the written consent of the
Insurer), AmeriCredit agrees that all collected funds on deposit in the Lockbox Account shall be transferred from the Lockbox Account within two Business Days by wire transfer in immediately available funds to the following account: Wells Fargo
Bank, National Association, Account No. 0001038377 f/b/o 80481301; ABA No. 121000248 (the “Collection Account”). 

7. Regulus Documentation. 

(a) This Agreement supplements, rather than replaces, the Regulus Documentation, terms and conditions, and other standard documentation
in effect from time to time with respect to the Lockbox or the services provided by Processor in connection therewith. The Regulus Documentation will continue to apply to the Lockbox and such services, and the respective rights, powers, duties,
obligations, liabilities and responsibilities of the parties thereto and hereto, to the extent not expressly conflicting with the provisions of this Agreement (however, in the event of any such conflict, the provisions of this Agreement shall
control). Prior to issuing any instructions, the Trustee shall provide Processor with such documentation as Processor may reasonably request to establish the identity and authority of the individuals issuing instructions on behalf of the Trustee.
The Trustee may request the Processor to provide other services with respect to the Lockbox; however, if such services are not authorized or otherwise covered under the Regulus Documentation, Processor’s decision to provide any such services
shall be made in its sole discretion (including without limitation being subject to AmeriCredit and/or the Trustee executing the Regulus Documentation or other documentation as Processor may require in connection therewith). 

(b) As of the date of this Agreement, AmeriCredit has provided the Controlling Party with a copy of the current Regulus Documentation.
Following any material change to the Regulus Documentation, AmeriCredit will provide the revised Regulus Documentation to the Controlling Party within thirty (30) days. The Insurer and its successors and assigns shall be a third-party
beneficiary to the provisions of the Regulus Documentation, and shall be entitled to rely upon and directly to enforce such provisions of the Regulus Documentation so long as no Insurer Default shall have occurred and be continuing. The Trustee and
its successors and assigns shall be a third-party beneficiary to the provisions of the Regulus Documentation, and shall be entitled to rely upon and directly to enforce such provisions of the Regulus Documentation. 

8. Processor’s General Duties. Notwithstanding anything to the contrary in this Agreement: (i) Processor shall have only
the duties and responsibilities with respect to the matters set forth herein as is expressly set forth in writing herein and shall not be deemed to be an agent, bailee or fiduciary for any party hereto; (ii) Processor shall be fully protected
in acting or refraining from acting in good faith without investigation on any notice, instruction or request 
  

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purportedly furnished to it by AmeriCredit or the Trustee in accordance with the terms hereof, in which case the parties hereto agree that Processor has no duty to make any further inquiry
whatsoever; (iii) it is hereby acknowledged and agreed that Processor has no knowledge of (and is not required to know) the terms and provisions of the Sale and Servicing Agreement referred to in Section 1 above or any other related
documentation or whether any actions by the Trustee, AmeriCredit or any other person or entity are permitted or a breach thereunder or consistent or inconsistent therewith; and (iv) Processor shall not be liable to any party hereto or any other
person for any action or failure to act under or in connection with this Agreement except to the extent such conduct constitutes its own willful misconduct or negligence. 

9. Processing of Items. The provision of services shall be governed by the Regulus Documentation or other applicable agreements
and related service terms, as may be amended from time to time, subject to the prior written consent to any such amendments of a material nature by the Trustee, the Insurer and AmeriCredit, which consents shall not be unreasonably withheld,
conditioned or delayed. 
 10. Trust Correspondence. Any envelopes collected from the Lockbox which contain
correspondence and other documents (including, but not limited to, certificates of title, tax receipts, insurance policy endorsements and any other documents or communications of or relating to the Receivables) will be sent to the Servicer at its
current address. Any enclosed payment(s), coupon(s) or check(s) will be processed and deposited by Processor in accordance with the provisions of the Agreement. 

11. Confidentiality. Processor agrees that all information concerning the Obligors of the Receivables which comes into
Processor’s possession pursuant to this Agreement, other than that which is already known by Processor or to the general public, will be treated in a confidential manner. 

12. Fees. Unless otherwise agreed by Processor, AmeriCredit shall pay Processor the fees set forth for this Service in
Processor’s most current Price List as in effect from time to time, plus additional fees for the performance of services beyond the terms of this Agreement, or resulting from increased expenses incurred by the failure of AmeriCredit to furnish
within a reasonable period of time following a request by Processor, data in a form acceptable to Processor. Processor shall look first to AmeriCredit for payment of such fees. If AmeriCredit fails to pay Processor within thirty (30) days of
receipt of invoice but in any event no later than forty-five (45) days from the date of the invoice, Processor will notify the Trustee in writing as soon as practicable and provide to the Trustee a copy of such unpaid invoice. Subject to rights
to terminate this Agreement pursuant to Section 17, Processor will continue to perform its services under this Agreement and the amount reflected in such invoice will be paid to Processor by the Trustee out of funds in the Collection Account on
the next Distribution Date (as defined below), which follows by at least three Business Days the date of giving such notice to the Trustee. Any fees unpaid after such date will be considered unpaid fees. “Distribution Date” means the sixth
day of the following calendar month, or, if such day is not a Business Day, the immediately following Business Day. 
 13.
Processor’s Liability for Nonperformance. In performing the Services, Processor will exercise ordinary care and act in good faith. Processor shall be deemed to have exercised ordinary care if its action or failure to act is in conformity
with general information 
  

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technology processing standards. Processor’s liability relating to its or its employees’, officers’ or agents’ performance or failure to perform hereunder, or for any other
action or inaction of Processor, or its employees, officers or agents, shall be limited exclusively to the lesser of (i) any direct losses which are caused by the failure of Processor, its employees, officers or agents to exercise reasonable
care and/or act in good faith, and (ii) the face amount of any item, check, payment or other funds lost or mishandled by the action or inaction of Processor. Under no circumstances will Processor be liable for any general, indirect, special,
incidental, punitive or consequential damages or for damages caused, in whole or in part, by the action or inaction of AmeriCredit or the Trustee, whether or not such action or inaction constitutes negligence. Processor will not be liable for any
damage, loss, liability or delay caused by accidents, strikes, fire, flood, war, riot, equipment breakdown, electrical or mechanical failure, acts of God or any cause which is reasonably unavoidable or beyond its reasonable control. AmeriCredit
agrees that the fees charged by Processor for the performance of this Service shall be deemed to have been established in contemplation of these limitations on Processor’s liability. In addition, AmeriCredit agrees to indemnify and hold
Processor harmless from all liability on the part of Processor under this Section 13 except such liability as is attributable to the gross negligence of Processor. 

14. Indemnification by AmeriCredit. AmeriCredit agrees to indemnify, defend and hold Processor harmless from and against any and
all damage, loss, cost, expense or liability of any kind, including, without limitation, reasonable attorneys’ fees and court costs, which results, directly or indirectly, in whole or in part, from any negligence and willful misconduct or
infidelity of AmeriCredit or any agent or employee of AmeriCredit, incurred in connection with this Agreement or the Lockbox or any interpleader proceeding relating thereto or from Processor acting upon information furnished by AmeriCredit under
this Agreement. AmeriCredit will remain liable for all indemnification under this Section 14 after its removal and/or resignation as Servicer. 

15. Other Agreements. Processor shall not be bound by any agreement between any of the other parties hereto irrespective of
whether Processor has knowledge of the existence of any such agreement or the terms and provisions thereof. 
 16.
Records. This Agreement and the performance by Processor of the Services hereunder shall not relieve Processor of any obligation imposed by law or contract regarding the maintenance of records. 

17. Amendment and Termination. This Agreement may only be amended in writing signed by all parties to this Agreement and the
Insurer. AmeriCredit or Trustee may immediately terminate this Agreement for cause, provided, however, that a similar agreement has been executed with a successor processor reasonably acceptable to the Trustee and the Insurer or the Trustee and the
Insurer have consented to such termination. The Trustee may immediately terminate this Agreement, at any time with the consent of the Insurer, and shall do so, at the direction of the Insurer, upon written notice to the other parties hereto.
Otherwise, any party may terminate this Agreement on sixty (60) days’ prior written notice to the others; provided, however, that AmeriCredit shall promptly notify the Insurer of receipt of any such notice and shall arrange for alternative
lockbox processing services satisfactory to the Insurer prior to the termination of the Services. Upon any termination of the Agreement, (a) Processor will close the Lockbox and (b) Processor will process all mail addressed to the Lockbox
in the 
  

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manner instructed by AmeriCredit in accordance with the Regulus Documentation for a period of at least ninety (90) days after the termination date, unless arranged otherwise between
AmeriCredit and Processor. After any termination, Processor’s fees with respect to the Services it performs during such period shall be consistent with such fees at the time of such termination. 

18. Successor Servicer. Each of Processor and the Trustee agrees that if the Servicer has been terminated or resigns as Servicer,
this Agreement shall not thereupon terminate and the successor servicer appointed pursuant to the Sale and Servicing Agreement shall succeed, except as otherwise provided herein, to all rights, benefits, duties and obligations of the Servicer
hereunder. Prior to the termination or resignation of the Trustee or the Servicer, the Trustee or the Servicer, respectively, shall provide notice to Processor in accordance with the terms and conditions to which each of the Trustee or the Servicer,
respectively, is itself entitled upon termination or resignation. 
 19. Successor Processor. Any company or national
banking association into which Processor may be merged or converted or with which it may be consolidated, or any company or national banking association resulting from any merger, conversion or consolidation to which it shall be a party or any
company or national association to which Processor may sell or transfer all or substantially all of its business (provided any such company or national banking association shall be a company organized under the laws of any state of the United States
or a national banking association and shall be eligible to perform all of the duties imposed upon it by this Agreement) shall be the successor to Processor hereunder without the execution or filing of any document or any further act by any of the
parties to this Agreement; provided, however, that Processor notify the Trustee, the Insurer and AmeriCredit of any such merger, conversion or consolidation within 30 days of its occurrence. 

20. Third Party Beneficiary. This Agreement shall inure to the benefit of the Insurer, and all covenants and agreements in this
Agreement shall be for the benefit of and run directly to the Insurer, and the Insurer shall be entitled to rely on and, subject to the limitations on liability set forth herein, enforce such covenants to the same extent as if it were a party to
this Agreement; provided, however, that, notwithstanding this provision, the liability of Processor under this Agreement shall not under any circumstances exceed the respective liability of Processor in the absence of any such
third-party beneficiary. 
 21. Governing Law. This Agreement shall be governed by the laws of the State of Texas. All
parties hereby waive all rights to a trial by jury in any action or proceeding relating to Lockbox or this Agreement. 
 22.
Notices. All written notices required by this Agreement shall be delivered or mailed to the other parties at the addresses set forth below or to such other address as a party may specify in writing. 

 

			
	Processor:	  	Regulus Group II LLC
		  	2012 Corporate Lane, Suite 108
		  	Naperville, IL 60563
		  	Attention: President & CEO

  

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		  	With a copy to:
		
		  	Rosensteel Law
		  	90 Park Avenue,
17th Floor
		  	New York, New York 10016
		  	Attention: Edward M. Rosensteel, Esq.
		
	AmeriCredit:	  	AmeriCredit Financial Services, Inc.
		  	801 Cherry Street, Suite 3500
		  	Fort Worth, Texas 76102
		  	Attention: Chief Financial Officer
		
	Trustee:	  	Wells Fargo Bank, National Association
		  	Sixth Street and Marquette Avenue
		  	MAC N9311-161
		  	Minneapolis, Minnesota 55479
		  	Attention: AmeriCredit Automobile Receivables Trust 2010-B
		
	Insurer:	  	Assured Guaranty Corp.
		  	31 West
52nd Street
		  	New York, New York 10019
		  	Attention: Senior Vice President, Transaction Oversight

23. Bankruptcy. Processor hereby covenants and agrees that, prior to the date which is one year and one day after the payment in
full of the Notes and all amounts owed under the Indenture and the Sale and Servicing Agreement (including, without limitation, amounts owed to the Insurer), Processor will not institute against or join with any other person in instituting against
the Trust or the Seller, any proceeding or file any petition against the Trust or the Seller under any bankruptcy, insolvency or similar law for the relief or aid of debtors (including, without limitation, Title 11 of the United States Code or any
amendment thereto), seeking the dissolution, liquidation, arrangement, reorganization or similar relief of the Trust or the Seller or the appointment of a receiver, trustee, custodian or liquidator of the Trust or the Seller, or issue any writ,
order, judgment warrant of attachment, execution or similar process against a substantial part of the property, assets or business of the Trust or the Seller. This covenant shall survive the termination of this Agreement. 

[Remainder of Page Intentionally Left Blank] 
  

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	PROCESSOR:	 		 	AMERICREDIT:
			
	REGULUS GROUP II LLC	 		 	AMERICREDIT FINANCIAL SERVICES, INC.
					
	By:	 	 /s/ Kathleen Hamburger
	 		 	By:	 	 /s/ Susan B. Sheffield

		 	Name:	 	Kathleen Hamburger	 		 		 	Name:	 	Susan B. Sheffield
		 	Title:	 	CEO and President	 		 		 	Title:	 	Executive Vice President, Structured Finance

TRUSTEE: 
 WELLS FARGO BANK, 

NATIONAL ASSOCIATION, 
 as Trustee 

 

					
	By:	 	 /s/ Marianna C. Stershic

		 	Name:	 	Marianna C. Stershic
		 	Title:	 	Vice President

 [Series 2010-B Lockbox
Processing Agreement]Aquisition and Exchange Agreement

 Exhibit 10.1 

ACQUISITION AND EXCHANGE AGREEMENT 

This Acquisition and Exchange Agreement (“Agreement”) is made on this
1st day of January, 2009, by and between Bulova
Technologies Group, Inc. (“BLVT”), a Florida corporation and Stephen L. Gurba and John Stanton (collectively, “Shareholders”), individually. 

BLVT desires to acquire all of the shares of stock of 3Si Holdings, Inc., a Florida corporation (“3Si”), which are issued and outstanding in
exchange for shares of stock of BLVT and the shareholders of 3Si wish to accept the BLVT shares in exchange for their 3Si shares, all upon the terms and conditions set forth herein. 

1. ACQUISITION OF 3Si 

1.1 Acquisition Price 
 BLVT has agreed
and shall deliver at the closing of this Agreement ( the “Closing”) 40,000,000 shares of restricted common stock of BLVT. The stock delivered by BLVT shall be divided pro rata among the shareholders of 3Si Holdings, Inc. according to the
percentages in ownership they have in 3Si stock as set forth in Exhibit A hereto. BLVT stock is being delivered in exchange for and to acquire all issued and outstanding shares of 3Si and all rights to any treasury stock, stock to be issued by stock
option, if any separately, and all rights to unissued shares, if any. 
 1.2 The 3Si Shares 

The 3Si shareholders agree to transfer to BLVT and BLVT agrees to acquire all issued and outstanding shares of 3Si stock in consideration of the BLVT
stock described in Section 1.1. In exchange for the acquisition of all issued and outstanding shares of 3Si, BLVT does hereby exchange and agree to transfer to the individuals set forth in Exhibit A the common shares of BLVT referenced above,
subject to a restrictive legend in the form annexed hereto as Exhibit B. Simultaneously herewith, the individuals set forth in Exhibit A have endorsed all their shares of 3Si, such shares being 100% of all issued and outstanding shares, in favor of
BLVT. 
 1.3 Tax Free Exchange 

It is the parties’ intention that the exchange of shares under this Agreement, pursuant to Sections 1.1 and 1.2, are intended to be a tax free, stock
for stock exchange within the meaning of Internal Revenue Code Sections including, but not limited to, Section 368. Therefore, the parties agree that on their corporate and individual tax returns, they shall truthfully and completely
characterize this transaction as an exchange and will cooperate and will file the individual or joint filing of all exchange disclosure forms, documents, instruments or other papers necessary to qualify and obtain tax free exchange treatment of the
exchange shares. 

 1.4 Further Documentation 

The parties agree that the final structure and form of the transfers called for herein may be modified or altered as necessary to maximize the financial
and tax treatment of the transactions for the parties, provided the consideration to be given by each party shall not be changed. The parties agree to execute any and all additional documents or instruments prior to or after the Closing necessary to
effectuate the intents, purposes and transactions called for in the Agreement. 
 2. BLVT WARRANTIES 

BLVT represents, as of the date hereof, that: 

2.1 Organization 
 BLVT is duly organized
under the laws of the State of Florida and is a validly existing corporation and in good standing with requisite power and authority to own its properties and to transact the business in which it is now engaged. BLVT is duly qualified to do business
in each jurisdiction where it is required to be qualified in connection with its properties, businesses and operations. BLVT possesses all rights, licenses, permits and authorizations governmental or otherwise, necessary to entitle it to own or hold
real, personal or intangible property and to transact the business in which it is now engaged. 
 2.2 Proceedings 

BLVT has taken all steps necessary to authorize the execution, delivery and performance of this Agreement, all exhibits, and all related documents or
instruments. This Agreement and all related documents or instruments have been duly executed and delivered by or on behalf of BLVT and constitute legal, valid and binding obligations of BLVT enforceable against it in accordance with their respective
terms. 
 2.3 No Conflicts 
 The
execution, delivery and performance of this Agreement and all related documents will not conflict with or result in a breach of any terms or provisions of or constitute default under it, or result in the creation or imposition of any lien, charge or
encumbrance upon any of the property or assets of BLVT, nor result in any violation of any statute, order, article of incorporation, bylaw, voting trust, SEC ruling or oversight, rule or regulation, court, governmental, or administrative order or
the requirements of any governmental agency or body having jurisdiction over BLVT. Further, no administrative tribunal, court, government body, regulatory agency, shareholder or other authorization or consent is required for the execution, delivery
and performance of this Agreement by BLVT. 

 2.4 Litigation 

There are no actions, suits or proceedings at law or in equity, before a governmental tribunal, administrative agency, government agency or otherwise that
are now pending or threatened by any person or entity, against BLVT and to the best of BLVT’s knowledge, after diligent inquiry, there is no basis for any action, suit or proceeding that might affect BLVT, or its properties. 

2.5 Agreements 
 BLVT is not a party to
any agreement or instrument subject to any restriction which is violated by entering into this Agreement or any restriction of any kind or nature that might materially and adversely affect BLVT’s business, properties, assets, operations or
conditions, financial or otherwise. BLVT is not in default in any material respect in the performance, observation or fulfillment of any obligation, covenant, condition, representation (whether written or oral), of any contract or agreement made in
favor of any other party, whether in writing or otherwise. 
 2.6 Compliance 

BLVT is not in default or violation of any order, writ, injunction, decree or demand of any governmental authority, the violation of which might
materially adversely affect the condition (financial or otherwise) or business of BLVT. There has not been committed by BLVT any act or omission affording the federal government or any state or local government the right of forfeiture as against
BLVT or any part thereof or any monies paid in performance of BLVT’s obligation under this Agreement. BLVT hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording such right of forfeiture. 

2.7 Not a Foreign Person 
 BLVT is not a
“foreign person” within the meaning of Section 1445(f)(3) of the Code. 
 2.8 Assessments 

There are no pending tax, special assessment, state or federal intangibles, tax or excise tax or any other public or private assessment of any kind or
nature against BLVT. 
 2.9 Illegal Activity 

BLVT has not engaged in any illegal activity, violated any law or rule governing the registration, solicitation or sale of securities, nor issued any
warrant, option, stock certificate, debenture or any other security in violation of applicable law. Further, no proceeds received by BLVT from any source have been misappropriated or used for any illegal activity. 

 2.10 Survival of Representations 

BLVT agrees that all representations and warranties set forth in this Section 2 or elsewhere in this Agreement, in any exhibit or in any other
document executed in connection with this Agreement shall survive the Closing and the full term of this Agreement for a period of one (1) year. All representation, warranties, covenants and agreements made by either party hereto shall be deemed
to have been relied upon by either party notwithstanding any investigation heretofore or hereafter made by either party. 

3. 3Si SHAREHOLDER WARRANTIES 

The Shareholders of 3Si, as of the date of this Agreement, warrant and represent that: 

3.1 Organization 
 3Si is a validly
existing corporation and is in good standing under the laws of the State of Florida, with requisite power and authority to own its properties and to transact the business in which it is now engaged. 3Si is duly qualified to do business in each
jurisdiction where it is required to be qualified in connection with its properties, businesses and operations. 3Si possesses all rights, licenses, permits and authorizations governmental or otherwise, necessary to entitle it to own or hold real,
personal or intangible property and to transact the business in which it is now engaged. 
 3.2 Proceedings 

The 3Si Shareholders have taken all steps necessary to authorize the execution, delivery and performance of this Agreement by them. 

3.3 No Conflicts 
 The execution,
delivery and performance of this Agreement and all related documents will not conflict with or result in a breach of any terms or provisions of or constitute a default under 3Si’s articles of incorporation or bylaws, or under any agreement by
which it is bound, or result in the creation of imposition of any lien, charge or encumbrance upon any of the property or assets of 3Si, nor result in any violation of any statute, order, article of incorporation, bylaw, voting trust, SEC ruling or
oversight, rule or regulation, court, governmental, or administrative order or the requirements of any governmental agency or body having jurisdiction over 3Si. 

3.4 Litigation 
 There are no actions,
suits or proceedings at law or in equity, before a governmental tribunal, administrative agency, government agency or otherwise that are now pending or threatened by any person or entity, against the Shareholders, and to the best of the
Shareholders’ knowledge, after diligent inquiry, there is no basis for any action, suit or proceeding that might affect them. 

 3.5 Agreements 

The Shareholders are not a party to any agreement or instrument subject to any restriction which is violated by entering into this Agreement or any
restriction of any kind or nature that might materially and adversely affect their ability to consummate this transaction or that will cause 3Si or its business, properties, assets, operations or conditions, financial or otherwise. 

3.6 Title 
 The Shareholders hereby
represent and warrant that they will own and transfer to BLVT their 3Si shares free and clear of all claims, liens, and encumbrances of any kind or nature and that the shares are not subject to any assessment or obligation for contribution.

 The Shareholders also represent that 3Si holds good, marketable and indefeasible title and all rights to its assets. 3Si has not placed any
liens or other encumbrances against its stock or assets nor has made any agreements with any other person or entity for the sale, use, or other disposition of 3Si’s assets. 

3.7 Financial Information 
 All financial
information provided to BLVT is correct and complete in all material respects, accurately represents the financial condition of 3Si as of the date of such reports and were prepared in accordance with GAAP throughout the periods covered. 

3.8 Full and Accurate Disclosure 

Statements of fact, including the recitals made by the Shareholders, are true and correct and no material fact has been omitted that would make the
statement or representations made herein false or misleading. 
 3.9 Compliance 

3Si is not in default or violation of any order, writ, injunction, decree or demand or any governmental authority, the violation of which might materially
adversely affect the condition (financial or otherwise) or business of 3Si. 
 3.10 Not a Foreign Person 

3Si is not a “foreign person” within the meaning of Section 1445(f)(3) of the Code. 

 3.11 Assessments 

There are no pending tax, special assessment, state or federal intangibles, tax or excise tax or any other public or private assessment of any kind or
nature against 3Si or its property. 

 3.12 Illegal Activity 

3Si has not engaged in any illegal activity, violated any law or rule governing the registration, solicitation or sale of securities, nor has issued any
warrant, option, stock certificate, debenture or any other security in violation of applicable law. Further, no proceeds received by the Shareholders or 3Si from any source have been misappropriated or used for any illegal activity. 3Si has not
engaged in any illegal activities, or violated any law or rule. 
 3.13 Warranties Constitute Continuing Covenants 

All the warranties made by the Shareholders hereunder shall constitute continuing covenants that will be maintained affirmatively at all times during the
terms of this Agreement. 
 3.14 Survival of Representations 

All representations and warranties set forth in this Section 3 or elsewhere in this Agreement, in any exhibit or in any other document executed in
connection with this Agreement shall survive the Closing and the full term of this Agreement for a period of one (1) year. All representations, warranties, covenants and agreements made by either party hereto shall be deemed to have been relied
upon by either party notwithstanding any investigation heretofore or hereafter made by either party. 
 4. PUBLIC
DISCLOSURE OF TRANSACTIONS 
 4.1 This Agreement 

The parties shall only disclose this Agreement and its specific terms and conditions to the extent required by applicable law, and the parties represent
that they have only disclosed this Agreement and its contents to their attorneys, accountants, and consultants as necessary to conclude this transaction. 

4.2 Future Agreements 
 Future agreements
between the parties shall only be disclosed as necessary under applicable law. 
 5. NATURE OF THE RELATIONSHIP 

 5.1 Contractual Relationship 

The parties acknowledge that their only relationship is a contractual relationship and that the parties do not owe any fiduciary or other duty to one
another except for the duties imposed by this Agreement. 

 5.2 No Agency, Joint Venture or other Relationship 

The parties acknowledge that they will not hold themselves out as an agent, partner or co-venturer of the other and that this Agreement is not intended
and does not create an agency, partnership, joint venture or any other type of relationship except the contract relationships established hereby. 

5.3 No Undisclosed Dealings 
 The parties
acknowledge that they have not been induced to execute this Agreement by promises of compensation, in cash or kind, from the other and that there are no side agreements, side dealings or undisclosed dealings between the parties affecting or relating
to this Agreement except as contained herein. 
 6. DEFAULTS AND REMEDIES 

The parties agree that the breach of any warranties, terms or conditions hereof may be enforced by the other in accordance with applicable law and the
remedies provided herein. However, the parties agree that no claim may be brought on any warranty or representation or other breach hereunder if not brought within twelve (12) months from the date hereof. 

7. DISPUTE RESOLUTION 

7.1 Arbitration 
 The parties have
selected as their sole means for resolving matters of interpretation, construction of this Agreement or the existence of a default or damages or remedies hereunder by binding arbitration pursuant to the rules of the American Arbitration Association.

 7.2 Arbitration Notice 
 In
the event a party determines that there is a valid dispute, matter for interpretation, issue of construction, default or such other similar need for third party intervention and determination of the parties’ rights under this Agreement, the
parties seeking such determination shall give an arbitration notice stating that it intends to initiate an arbitration proceeding in thirty days if the matters set forth with specificity in the arbitration notice are not resolved in thirty days.
This shall not prevent either party from, within the thirty days, sending out appropriate default or termination notices or such other notices as may be appropriate under this Agreement. 

7.3 Location of Arbitration 
 The
arbitration under this Agreement shall be held in Tampa, Florida 

 7.4 Makeup of Panel 

The arbitration panel shall consist of a professional commercial arbitrator, a CPA and an attorney. 

7.5 Binding Decision 
 The arbitration
intended by this Agreement is binding arbitration and may be confirmed by a court of competent jurisdiction but does not require any further judicial action and shall be deemed non-appealable. 

7.6 Injunction 
 The requirement of
binding arbitration shall not preclude either party’s ability to obtain temporary injunctive relief in a court of competent jurisdiction to protect or preserve rights hereunder and such injunctive relief shall be considered ancillary to the
arbitration proceedings. 
 8. MISCELLANEOUS 

8.1 Waivers 
 No waiver of any default
shall be implied from any delay or omission by the parties to take action on account of such default, and no express waiver shall affect any default other than the default specified in the waiver and it shall be operative only for the time and to
the extent therein stated. 
 8.2 Benefit 

This Agreement is made and entered into for the sole protection and benefit of BLVT and the Shareholders, their successors and assigns, and no other
person or persons have any right to action hereon or rights as a third party beneficiary as a result of the execution of this Agreement. 

8.3 Assignment 
 The terms hereof shall
be binding upon and inure to the benefit of the heirs, successors, assigns, and personal representatives of the parties hereto. 
 8.4
Amendments 
 This Agreement shall not be amended except by a written instrument signed by all parties hereto. 

8.5 Terms 
 Whenever the context and
construction so require, all words used in the singular number herein shall be deemed to have been used in the plural, and vice versa, and the masculine gender shall include the feminine and neuter and the neuter shall include the masculine and
feminine. This Agreement is the product of intensive negotiations between the parties, and as such the identity of the drafter shall not be relevant in the construction of this Agreement. 

 8.6 Governing Law and Jurisdiction 

This Agreement and all matters relating thereto shall be governed by and construed and interpreted in accordance with the laws of the State of Florida.
The parties hereby submit to the jurisdiction of the state and federal courts located in Hillsborough County, Florida. 
 8.7 Savings Clause

 Invalidation of any one or more of the provisions of this Agreement shall in no way affect any of the other provisions hereof, which shall
remain in full force and effect. 
 8.8 Execution in Counterparts 

This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the
same instrument, and in making proof of this Agreement it shall not be necessary to produce or account for more than one such counterpart. 

8.9 Captions 
 The captions herein are
inserted only as a matter of convenience and for reference and in no way define, limit or describe the scope of this Agreement nor the intent of any provision hereof. 

8.10 Time is of the Essence 
 Time is of
the essence as to this Agreement. 
 8.11 Entire Understanding 

This Agreement constitutes the entire understanding between the parties, and all prior or contemporaneous oral agreements, understandings, representations
and statements are merged into this Agreement. 

 8.12 Notices 

Any and all notices, designations, consents, offers, acceptances, or any other communication provided for herein shall be given in writing by certified
mail or by reputable overnight courier service, e.g. Federal Express, which shall be addressed as follows: 
  

	
	 John Stanton
 19337 US HWY 19
N, Ste 525
 Clearwater FL 33764

	
	 Stephen L. and Evelyn R. Gurba

19337 US HWY 19 N, Ste 525
 Clearwater FL 33764

	
	 BLVT
 19337 US HWY 19 N, Ste
525
 Clearwater FL 33764

8.13 Survival 
 The representations and
warranties and provisions of this Agreement shall survive the Closing hereunder. 
 8.14 Attorneys’ Fees 

In the event that any party is required to engage the services of legal counsel to enforce it rights under this Agreement against any other party,
regardless of whether such action results in litigation, the prevailing party shall be entitled to reasonable attorneys’ fees and costs from the other party, which in the event of litigation shall include fees and costs incurred at trial, or
appeal, and incident to any bankruptcy proceeding. 
 8.15 WAIVER OF JURY TRIAL 

BY ACCEPTANCE HEREOF, THE PARTIES AGREE THAT NONE OF THEM SHALL SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDINGS, COUNTERCLAIM, OR ANY OTHER LITIGATION
PROCEDURE BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY INSTRUMENT EVIDENCING OR RELATING TO THIS AGREEMENT. NONE OF THE PARTIES WILL SEEK TO CONSOLIDATE ANY SUCH ACTION, IN WHICH A JURY TRIAL HAS BEEN WAIVED, WITH ANY OTHER ACTION IN WHICH A
JURY TRIAL HAS NOT BEEN WAIVED. THE PROVISIONS OF THIS PARAGRAPH HAVE BEEN FULLY NEGOTIATED BY THE PARTIES, AND THESE PROVISIONS SHALL BE SUBJECT TO NO EXCEPTIONS. 

8.16 Closing 
 The Closing shall take
place on or before January 1, 2009 at 2:00 pm at the BLVT offices at 19337 US HWY 19 North, Suite 525, Clearwater, Florida, 33764. All funds, documents and exhibits called for herein shall be delivered at or prior to Closing. 

 IN WITNESS WHEREOF, BLVT and the Shareholders have executed this Acquisition and Exchange Agreement as of
the above written date. 
  

							
	3Si Majority Shareholders        	 		 	Bulova Technologies Group, Inc.
			
	 /s/ Stephen L. Gurba
	 		 	 /s/ John Stanton

	Stephen L. Gurba, Shareholder	 		 	By: John Stanton, Chairman
			
	 /s/ Evelyn R. Gurba
	 		 	
	Evelyn R. Gurba, Shareholder	 		 		 	
			
	 /s/ John Stanton
	 		 	
	John Stanton, Shareholder	 		 		 	

 EXHIBIT A 

 

				
	 	  	%	 
	 John Stanton
	  	60	% 
	 Stephen L and Evelyn Gurba
	  	40	% 
		  	100.00	% 
		  	 	 

 EXHIBIT B 

The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended and may not be sold, transferred,
pledged, hypothecated or otherwise disposed of in the absence of (i) an effective registration statement for such securities under said act or (ii) an opinion of company counsel that such registration is not required.

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