Document:

Exhibit 10.7

 

AMENDED AND RESTATED STOCK ESCROW AGREEMENT

 

THIS AMENDED AND RESTATED STOCK ESCROW AGREEMENT,
dated as of July 21, 2015 (this “Agreement”), by and among Global Defense & National Security Systems, Inc.,
a Delaware corporation (the “Company”), Global Defense & National Security Holdings LLC (the “Sponsor”),
and American Stock Transfer & Trust Company (the “Escrow Agent”).

 

WHEREAS, the Company, Sponsor and Escrow
Agent are party to that certain escrow agreement, dated October 24, 2013 (the “Original Agreement”), pursuant
to which the Sponsor agreed to deposit its 2,003,225 shares of the Company’s common stock, par value $0.0001 per share (the
“Common Stock”), purchased on July 19, 2013 (the “Sponsor’s Shares”) in escrow as therein
provided;

 

WHEREAS, pursuant to the terms of the Original
Agreement, the Escrow Agent has accepted the Sponsor’s Shares, in escrow, to be held and disbursed as therein provided;

 

WHEREAS, the requisite number of stockholders
of the Company have approved an amendment to the Company’s amended and restated certificate of incorporation to, among other
things, extend the date before which the Company must complete a business combination from July 24, 2015 (the “Original Termination
Date”) to October 24, 2015 (the “Extended Termination Date”); and

 

WHEREAS, the parties to the Original Agreement
desire to amend and restate the Original Agreement to provide, among other things, that any references to the Original Termination
Date shall be replaced with the Extended Termination Date.

 

IT IS AGREED:

 

1.           Appointment
of Escrow Agent. The Company and the Sponsor hereby appoint the Escrow Agent to act in accordance with and subject to the terms
of this Agreement and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with and subject to such
terms.

 

2.           Deposit
of Sponsor’s Shares. On or about the effective date of the Company’s Registration Statement on Form S-1 (File No.
333-191195) filed under the Securities Act of 1933, as amended (the “Registration Statement”), the Sponsor shall
deliver to the Escrow Agent the certificate representing the Sponsor’s Shares, which certificate shall remain in the name
of the Sponsor, to be held and disbursed subject to the terms and conditions of this Agreement. The Sponsor acknowledges that the
certificate representing the Sponsor’s Shares bears a legend to reflect the deposit of the Sponsor’s Shares under this
Agreement.

 

3.           Disbursement
of the Sponsor’s Shares. Of the total Sponsor’s Shares, fifty percent (50%) of such shares will be released from
escrow six months after the consummation of a Business Combination (as defined in the Registration Statement), and the remaining
fifty percent (50%) of the Sponsor’s Shares will be released from escrow one year after the consummation of a Business Combination
(the “Escrow Period”). The Company shall promptly provide notice of the consummation of a Business Combination
to the Escrow Agent. Upon the completion of the Escrow Period, the Escrow Agent shall automatically disburse the Sponsor’s
Shares to the Sponsor upon receipt of written request therefor from the Company; provided, however, that if the Escrow Agent
is notified by the Company pursuant to Section 6.6 hereof that the Company has been liquidated at any time during the Escrow Period,
then the Escrow Agent shall promptly destroy the certificates representing the Sponsor’s Shares. The Escrow Agent shall have
no further duties hereunder with respect to the Sponsor’s Shares after the disbursement or destruction of the Sponsor’s
Shares in accordance with this Section 3.

 

 4.           Rights
of Sponsor in Sponsor’s Shares.

 

4.1.          Rights
as a Security Holder. Subject to the terms of its Insider Letter as described in Section 4.4 hereof and except as herein provided,
the Sponsor shall retain all of its rights as a stockholder of the Company during the Escrow Period, including without limitation,
the right to vote Common Stock. The Escrow Agent shall have no responsibility to determine or verify the contents or limitations
of the Insider Letter and shall be bound only by the terms of this Agreement.

 

    	 

    	 

    

  

4.2.          Dividends
and other Distributions in Respect of the Sponsor’s Shares. During the Escrow Period, all dividends payable in cash with
respect to the Sponsor’s Shares shall be paid to the Sponsor, but all dividends payable in stock or other non-cash property
(the “Non-Cash Dividends”) shall be delivered to the Escrow Agent to hold in accordance with the terms hereof.
As used herein, the terms “Sponsor’s Shares” shall be deemed to include the Non-Cash Dividends distributed
thereon, if any.

 

4.3.          Restrictions
on Transfer and Redemption. During the Escrow Period, no sale, transfer or other disposition (a “Transfer”)
may be made of any or all of the Sponsor’s Shares by the Sponsor except (i) to the Company’s officers, directors and
employees, to the Sponsor’s affiliates or its members upon its liquidation, (ii) by gift to a member of the Sponsor’s
immediate family for estate planning purposes or to a trust, the beneficiary of which is the Sponsor or a member of the Sponsor’s
immediate family, (iii) if the Sponsor is not a natural person, by gift to a member of the immediate family of the Sponsor’s
controlling person for estate planning purposes or to a trust, the beneficiary of which is the Sponsor’s controlling person
or a member of the immediate family of the Sponsor’s controlling person, (iv) by virtue of the laws of descent and distribution
upon death, (v) pursuant to a qualified domestic relations order, (vi) by certain pledges to secure obligations incurred in connection
with purchases of our securities or (vii) by private sales made at or prior to the consummation of our initial business combination
at prices no greater than the price at which the shares were originally purchased (each such transferee, a “Permitted
Transferee”); provided, however, that such permitted Transfers may be implemented only upon the respective Permitted
Transferee’s written agreement to be bound by the terms and conditions of this Agreement and of the Insider Letter signed
by the Sponsor transferring the Sponsor’s Shares and such other documents as the Company may reasonably require. During the
Escrow Period, the Sponsor shall not pledge or grant a security interest in the Sponsor’s Shares or grant a security interest
in the Sponsor’s rights under this Agreement.

 

4.4.          Insider
Letter. The Sponsor has executed a letter agreement with the Company, which has been filed as an exhibit to the Registration
Statement (the “Insider Letter”), with respect to the rights and obligations of the Sponsor in certain events,
including but not limited to the liquidation of the Company.

 

5.           Concerning
the Escrow Agent.

 

5.1.          Good
Faith Reliance. The Escrow Agent shall be protected and shall not be liable for any action taken or omitted by it in good faith
and in the exercise of its best judgment (unless negligent), and may rely conclusively and may act upon any order, notice, demand,
certificate, opinion or advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report or other
document which is believed by the Escrow Agent to be genuine and to be signed or presented by the proper person or persons. The
Escrow Agent shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement
unless evidenced by a writing delivered to the Escrow Agent signed by the proper party or parties and, if the duties or rights
of the Escrow Agent are affected, unless it shall have given its prior written consent thereto.

 

 5.2.          Indemnification.
The Escrow Agent shall be indemnified and held harmless by the Company from and against any expenses, including reasonable counsel
fees and disbursements, or losses suffered by the Escrow Agent in connection with any action, suit or other proceeding involving
any claim which in any way, directly or indirectly, arises out of or relates to this Agreement, the services of the Escrow Agent
hereunder, or the Sponsor’s Shares held by it hereunder, other than expenses or losses arising from the negligence or willful
misconduct of the Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of any demand or claim or the commencement
of any action, suit or proceeding, the Escrow Agent shall notify the other parties hereto in writing. In the event of the receipt
of such notice, the Escrow Agent, in its sole discretion, may commence an action in the nature of interpleader in an appropriate
court to determine ownership or disposition of the Sponsor’s Shares or it may deposit the Sponsor’s Shares with the
clerk of any appropriate court or it may retain the Sponsor’s Shares pending receipt of a final, non-appealable order of
a court having jurisdiction over all of the parties hereto directing to whom and under what circumstances the Sponsor’s Shares
are to be disbursed and delivered. The provisions of Sections 5.2 and 5.7 shall survive in the event the Escrow Agent resigns or
is discharged pursuant to Sections 5.5 or 5.6 below and in the event of termination under 6.10 below.

 

5.3.          Compensation.
The Escrow Agent shall be entitled to compensation from the Company in accordance with Schedule I hereto for all services rendered
by it hereunder.

 

    	 

    	 

    

  

5.4.          Further
Assurances. From time to time on and after the date hereof, the Company and the Sponsor shall deliver or cause to be delivered
to the Escrow Agent such further documents and instruments and shall do or cause to be done such further acts as the Escrow Agent
shall reasonably request to carry out more effectively the provisions and purposes of this Agreement, to evidence compliance herewith
or to assure itself that it is protected in acting hereunder.

 

5.5.          Resignation.
The Escrow Agent may resign at any time and be discharged from its duties as escrow agent hereunder by its giving the other parties
hereto written notice, and such resignation shall become effective at such time that the Escrow Agent shall turn over to a successor
escrow agent appointed by the Company the Sponsor’s Shares held hereunder. If no successor escrow agent is so appointed within
the sixty (60) day period following the giving of such notice of resignation, the Escrow Agent may submit an application to deposit
the Sponsor’s Shares with the United States District Court for the Southern District of New York, provided the Escrow
Agent provides notice of such deposit to the Company and the Sponsor in accordance with Section 6.6 hereof.

 

5.6.          Discharge
of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested
in writing at any time by the other parties hereto, jointly; provided, however, that such resignation shall become effective
only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5. Upon such discharge, all obligations
under this Agreement to the Escrow Agent shall terminate.

 

5.7.          Liability.
Notwithstanding anything herein to the contrary, the Escrow Agent shall not be relieved from liability hereunder for its own negligence
or willful misconduct.

 

5.8.          Waiver.
The Escrow Agent hereby waives any and all right, title, interest or claim of any kind (each, a “Claim”) in
or to any distribution of the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the
date hereof, by and between the Company and the Escrow Agent as trustee thereunder), and hereby agrees not to seek recourse, reimbursement,
payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.

  

5.9.          Standard
of Care. The Escrow Agent shall be obligated only to perform the duties specifically set forth in this Escrow Agreement, which
shall be deemed purely ministerial in nature, and the Escrow Agent shall under no circumstances be deemed to be a fiduciary to
any party hereto or any other person. The parties hereto agree that the Escrow Agent shall not assume any responsibility for the
failure of the parties hereto to perform in accordance with this Escrow Agreement or any other agreement or document. This Escrow
Agreement sets forth all matters pertinent to the escrow contemplated hereunder, and no additional obligations of the Escrow Agent
shall be inferred from the terms of this Escrow Agreement or any other agreement or document. In
no event shall the escrow agent be liable, directly or indirectly, for any damages or expenses arising out of the services provided
hereunder, other than damages which result from the escrow agent’s negligence or willful misconduct.

 

6.           Miscellaneous.

 

6.1.          Governing
Law and Consent to Jurisdiction. This Agreement shall be governed by, and construed in accordance with, the laws of the State
of New York applicable to contracts executed in and to be performed in that State. The parties hereto agree that any action, proceeding
or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the
State of New York or the United States District Court for the Southern District of New York, and the parties hereto irrevocably
submit to such jurisdiction, which jurisdiction shall be exclusive. The parties hereto hereby waive any objection to such exclusive
jurisdiction and that such courts represent an inconvenient forum.

 

6.2.          Waiver
of Trial by Jury. Each party hereto hereby irrevocably and unconditionally waives the right to a trial by jury in any action,
suit, counterclaim or other proceeding (whether based on contract, tort or otherwise) arising out of, connected with or relating
to this Agreement, the transactions contemplated hereby, or the actions of the parties in the negotiation, administration, performance
or enforcement hereof.

 

    	 

    	 

    

  

6.3.          Entire
Agreement. This Agreement and the Insider Letter as referenced herein contain the entire agreement of the Company and the Sponsor
with respect to the subject matter hereof, and this Agreement contains the entire agreement as it pertains to the Escrow Agent
and the other parties hereto and, except as expressly provided herein, may not be changed or modified except by an instrument in
writing signed by all parties to this Agreement. This Agreement may be executed in several original or facsimile counterparts,
each one of which shall constitute an original, and together shall constitute but one instrument.

 

6.4.          Headings.
The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation
hereof.

 

6.5.          Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the respective parties hereto and their legal representatives,
successors and permitted assigns. Any corporation or association into which the Escrow Agent may be converted or merged, or with
which it may be consolidated, or to which it may sell or transfer all or substantially all of its corporate trust business and
assets as a whole or substantially as a whole, or any corporation or association resulting from any such conversion, sale, merger,
consolidation or transfer to which the Escrow Agent is a party, shall be and become the successor escrow agent under this Escrow
Agreement and shall have and succeed to the rights, powers, duties, obligations, immunities and privileges of the Escrow Agent,
without the execution or filing of any instrument or paper or the performance of any further act.

  

6.6.          Notices.
Any notice or other communication required or which may be given hereunder shall be in writing and shall be sent by certified mail,
by private national courier service (return receipt requested, postage prepaid), by personal delivery or by facsimile transmission.
Such notice or communication shall be deemed given (a) if mailed, two days after the date of mailing, (b) if sent by national courier
service, one business day after being sent, (c) if delivered personally, when so delivered, or (d) if sent by facsimile transmission,
on the second business day after such facsimile is transmitted, in each case as follows:

 

If to the Company, to:

 

Global Defense & National Security Systems, Inc.

11921 Freedom Drive, Suite 550

Two Fountain Square

Reston, Virginia 20190

Attn: Dale R. Davis

Fax:

 

If to the Sponsor, to:

 

Global Defense & National Security Holdings LLC

11921 Freedom Drive, Suite 550

Two Fountain Square

Reston, Virginia 20190

Attn: Frederic Cassis

Fax:

 

If to the Escrow Agent, to:

 

American Stock Transfer & Trust Company

6201 15th Avenue

Brooklyn, New York 11219

Attn: John Baker

Fax:

 

A copy of any notice sent hereunder shall be sent to:

 

Morrison & Foerster LLP

1650 Tysons Blvd., Suite 400

 

    	 

    	 

    

  

McLean, Virginia 22102

Attn: Lawrence T. Yanowitch, Esq., Lawrence R. Bard,
Esq.

Fax: (703) 760-7777

 

The parties may change the persons and
addresses to which the notices or other communications are to be sent by giving written notice to any such change in the manner
provided herein for giving notice.

 

6.7.          Liquidation
of the Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company
in the event that the Company fails to consummate a Business Combination by October 24, 2015.

 

 

6.8.          Disputes.
If any disagreement or dispute arises among the Company and the Sponsor concerning the meaning or validity of any provision hereunder
or concerning any other matter relating to this Escrow Agreement, the Escrow Agent shall be under no obligation to act, except
(i) with joint written instruction of the Company and the Sponsor, or (ii) under process or order of court, and shall sustain no
liability for its failure to act pending such process or court order.

 

6.9.          Authorized
Signatures. Concurrent with the execution of this Agreement, the Company will provide a completed certificate of parties authorized
to sign on its behalf, in the form attached hereto as Schedule II.

 

6.10.        Termination.
This Agreement shall terminate on the final distribution or destruction of all of the Sponsor’s Shares in accordance with
the terms of this Agreement.

 

 

 

IN WITNESS WHEREOF, the parties have duly
executed this Amended and Restated Stock Escrow Agreement as of the date first written above.

 

	 	GLOBAL DEFENSE & NATIONAL SECURITY SYSTEMS, INC.
	 	 	 	 
	 	By:	  /s/ Frederic Cassis	 
	 	 	Name: Frederic Cassis	 
	 	 	Title: Secretary	 
	 	 	 	 
	 	SPONSOR: 	 
	 	 	 	 
	 	GLOBAL DEFENSE & NATIONAL SECURITY HOLDINGS LLC
	 	 	 	 
	 	By:	Black Marlin Ltd, its Manager	 
	 	 	 	 
	 	 	By:	   /s/ Damian Perl	 
	 	 	 	Name: Damian Perl	 
	 	 	 	Title: Manager	 

  

	 	American Stock transfer & Trust company,
	 	as Escrow Agent
	 	 	 	 
	 	By:	  /s/ Joseph M. Smith	 
	 	 	Name: Joseph M. Smith	 
	 	 	Title: Director	 

 

    	 

    	 

    

 

Schedule I – Escrow Agent Fees
For Escrow Services

 

$8,000, to be paid by the Company to the Escrow Agent upon the
consummation of the Company’s initial public offering of securities.

 

    	 

    	 

    

 

Schedule II – Authorized Signatories

 

	Individual’s Name	 	Title	 	Signature
	Frederic Cassis	 	Secretary	 	 
	 	 	 	 	 
	Dale Davis	 	Director and CEO	 	 
	 	 	 	 	 
	Craig Dawson	 	TreasurerExhibit 10.8

 

AMENDED AND RESTATED RIGHT OF FIRST REFUSAL
AND

CORPORATE OPPORTUNITIES AGREEMENT

 

THIS AMENDED AND RESTATED RIGHT OF FIRST
REFUSAL AND CORPORATE OPPORTUNITIES AGREEMENT (this “Agreement”) is made as of July 21, 2015 by and among Global
Defense & National Security Systems, Inc., a Delaware corporation (the “Company”), and Global Integrated
Security (USA) Inc., a Delaware corporation (“GIS”), in connection with the Company’s proposed public
offering of shares of common stock, par value $0.0001 per share (the “Shares”), pursuant to a registration statement
on Form S-1, filed by the Company with the Securities and Exchange Commission (as amended, the “Registration Statement”).

 

RECITALS

 

WHEREAS, GIS is an affiliate of the Company’s
sponsor; and

 

WHEREAS, the Company will be attempting to
consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination
with one or more businesses or assets involving the Company (a “Business Transaction”); and

 

WHEREAS, GIS may also be seeking investment
opportunities which may be a part of, in connection with or deemed a Business Transaction; and

 

WHEREAS, the Company, Sponsor and Escrow
Agent are party to that certain right of first refusal and corporate opportunities agreement, dated October 23, 2013 (the “Original
Agreement”) to clarify any potential Business Transaction and investment opportunities for which each party shall have
the right of first refusal;

 

WHEREAS, the requisite number of stockholders
of the Company have approved an amendment to the Company’s amended and restated certificate of incorporation to, among other
things, extend the date before which the Company must complete a business combination from July 24, 2015 (the “Original
Termination Date”) to October 24, 2015 (the “Extended Termination Date”); and

 

WHEREAS, the parties to the Original Agreement
desire to amend and restate the Original Agreement to provide, among other things, that any references to the Original Termination
Date shall be replaced with the Extended Termination Date.

 

NOW, THEREFORE, in consideration of the mutual
covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

 

1.      Right
of First Refusal.

 

For the term specified in Section 2
of this Agreement and subject to subsections (b), (c) and (d) of this Section 1, GIS hereby grants to the Company a right
of first refusal as follows:

 

(a)         GIS
shall not enter into any agreement to purchase or invest in a business in the U.S. defense and national security sectors with an
acquisition cost of $40 million or greater without first presenting such suitable opportunity to the Company’s directors,
and will not enter into any such agreement until the Company’s directors determine, within the time frame and in the manner
specified below, not to pursue such Business Transaction opportunity.

 

(b)         Notwithstanding
anything to the contrary in this Agreement, the Company agrees that any such business entity in which GIS currently invests or
with respect to which GIS has initiated any contacts or entered into any discussions or negotiations, formal or informal, regarding
their respective acquisition of, or investment in, such business prior to the completion of the Company’s initial public
offering, as set forth in the Registration Statement, will not be a potential acquisition target for the Company, unless GIS declines
to pursue such respective business opportunity and notifies the Company of the same in writing.

 

    	 

    	 

    

  

(c)         After
review of any potential Business Transaction or investment opportunity, the Company may release the right of first refusal set
forth in this Section 1(a) with respect to such Business Transaction or suitable opportunity.  Decisions by the Company
to release GIS to pursue such suitable opportunity will be made by a majority of the Company’s directors.

 

(d)         GIS
shall provide written notice to the Company of any such suitable opportunity brought to its attention by its current directors
and officers within ten (10) business days of its identification of such suitable opportunity. Any right of first refusal granted
shall expire only pursuant to Section 1(c).

 

2.      Term.
This Agreement shall become effective on its execution and shall remain in effect for a period to expire upon the earlier of: (i) the
consummation by the Company of a Business Transaction or (ii) 24 months from the closing of the Company's initial public offering.

  

3.      Notices.
All notices or communications hereunder shall be addressed as follows:

 

To the Company:

 

Global Defense & National Security Systems, Inc.

11921 Freedom Drive, Suite 550

Two Fountain Square

Reston, Virginia 20190

Attn:  Dale R. Davis

 

with copies to (which shall not constitute notice):

 

Morrison & Foerster LLP

1650 Tysons Blvd., Suite 400

McLean, Virginia 22102

Attn: Lawrence T. Yanowitch, Esq., Lawrence R. Bard, Esq.

 

If to GIS:

 

Global Integrated Security (USA), Inc.

1775 Wiehle Avenue, Suite 103

Reston, Virginia 20190

Attn: Mike Roberts

 

All notices, statements or other documents which are required
or contemplated by this Agreement shall be: (i) in writing and delivered personally or sent by first class mail or overnight courier
service to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other
address or fax number as may be designated in writing by such party and (iii) by electronic mail, to the electronic mail address
most recently provided to such party or such other electronic mail address as may be designated in writing by such party.  Any
notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally,
on the business day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business
day after delivery to an overnight courier service or five (5) days after mailing if sent by mail.

 

4.      Severability.
If any term or provision of this Agreement or the performance thereof shall be invalid or unenforceable to any extent, such invalidity
or unenforceability shall not affect or render invalid or unenforceable any other provision of this Agreement and this Agreement
shall be valid and enforced to the fullest extent permitted by law.

 

    	 

    	 

    

  

5.      Entire
Agreement.  This Agreement, as the same may be amended from time to time in accordance with the terms hereof, contains
the entire agreement among the parties hereto relating to the subject matter hereof and supersedes in all respects any prior or
other agreement or understanding concerning the subject matter hereof between the Company and GIS.

 

6.      Waiver. 
The failure of any of the parties hereto to at any time enforce any of the provisions of this Agreement shall not be deemed or
construed to be a waiver of any such provision, nor to in any way effect the validity of this Agreement or any provision hereof
or the right of any of the parties hereto to thereafter enforce each and every provision of this Agreement.  No waiver of
any breach, non-compliance or non-fulfillment of any of the provisions of this Agreement shall be effective unless set forth in
a written instrument executed by the party or parties against whom or which enforcement of such waiver is sought; and no waiver
of any such breach, non-compliance or non-fulfillment shall be construed or deemed to be a waiver of any other or subsequent breach,
non-compliance or non-fulfillment.

 

7.      Amendment.
This Agreement may only be amended by written agreement of the parties hereto.

 

8.      Survival.
The respective rights and obligations of the parties hereunder shall survive any termination of this Agreement to the extent necessary
to the intended preservation of such rights and obligations. The provisions of this Section 8 are in addition to the
survivorship provisions of any other section of this Agreement.

 

9.      Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts
shall together constitute one and the same instrument.  Delivery of a signed counterpart of this Agreement by facsimile
or electronic transmission shall constitute valid and sufficient delivery thereof.

 

10.    Headings.  The
headings herein are inserted for convenience of reference only and are not intended to be part of, or to affect the meaning or
interpretation of, this Agreement.

 

11.    Mutual Drafting.  This
Agreement is the joint product of the Company and GIS and each provision hereof has been subject to the consultation, negotiation
and agreement of such parties and shall not be construed for or against any party hereto.

 

12.    Governing Law; Jurisdiction;
Waiver of Jury Trial. This Agreement shall be governed by and construed and enforced in accordance with the laws of New York,
without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.  The
parties hereby (i) agree that any action, proceeding or claim against it arising out of or relating in any way to this Agreement
shall be brought and enforced first in the U.S. District Court for the Southern District of New York, then to such other federal
or state courts located in the State of New York, and irrevocably submits to such jurisdiction in New York, which jurisdiction
shall be exclusive and (ii) waive any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.  THE
PARTIES HERETO, TO THE FULLEST EXTENT PERMITTED BY LAW, WAIVE ANY RIGHT THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM
BASED UPON, ARISING OUT OF, OR IN CONNECTION WITH, THIS AGREEMENT.

 

13.   Trust Waiver. Notwithstanding
anything herein to the contrary, GIS hereby waives any and all right, title, interest or claim of any kind, regardless of whether
such claim arises based on contract, tort, equity or any other theory of legal liability (“Claim”) in or to
any distribution from the trust account in which the proceeds of the Company’s initial public offering will be deposited
and held for the benefit of the public shareholders (the “Trust Account”) and hereby agrees not to seek recourse,
reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.

 

[Signature Page Follows]

 

    	 

    	 

    

  

IN WITNESS WHEREOF, the parties hereto have
executed this Right of First Refusal and Corporate Opportunities Agreement as of the date first specified above.

 

	 	GLOBAL DEFENSE & NATIONAL SECURITY SYSTEMS, INC.
	 	 	 
	 	By:	  /s/ Frederic Cassis
	 	 	Name: Frederic Cassis
	 	 	Title: Director and Secretary
	 	 	 
	 	GLOBAL INTEGRATED SECURITY (USA) INC.
	 	 	 
	 	By:	  /s/ Dale R. Davis
	 	 	Name: Dale R. Davis
	 	 	Title: Director

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