Document:

EX-10.3

 Exhibit 10.3 

AMENDMENT NO. 9 
 to the

 A320 Family Aircraft Purchase Agreement 

made July 20, 2011 

between 
 AIRBUS S.A.S.

 and 
 AMERICAN
AIRLINES, INC. 
 This Amendment No. 9 to the A320 Family Aircraft Purchase Agreement made July 20, 2011 (as amended, supplemented or
otherwise modified, hereinafter referred to as the “Amendment”), entered into as of September 23, 2015, by and between AIRBUS S.A.S., a société par actions simplifiée, created and existing
under French law having its registered office at 1 Rond-Point Maurice Bellonte, 31707 Blagnac-Cedex, France and registered with the Toulouse Registre du Commerce under number RCS Toulouse 383 474 814 (the “Seller”), and
AMERICAN AIRLINES, INC., a Delaware corporation having its principal office at 4333 Amon Carter Boulevard, Fort Worth, Texas 76155, United States of America (the “Buyer”). 

WITNESSETH: 
 WHEREAS, the Buyer and the Seller
entered into an Airbus A320 Family Aircraft Purchase Agreement, made July 20, 2011, which, together with all Exhibits, Appendices and Letter Agreements attached thereto and as amended, modified or supplemented from time to time is hereinafter
called the “Agreement”; and 
 WHEREAS, the Buyer and the Seller have agreed to modify certain terms relating to the Delivery Location.

 NOW, THEREFORE, IT IS AGREED AS FOLLOWS: 
 The capitalized
terms used herein and not otherwise defined in this Amendment will have the meanings assigned to them in the Agreement. The terms “herein,” “hereof,” and “hereunder” and words of similar import refer to this Amendment.

  
 Page 1 

	1.	A321 NEO CABINFLEX 

  

	1.1	Clause 0 of the Agreement is hereby amended by deleting the definitions for A319 Standard Specification, A320 Standard Specification, A321 Standard Specification, AirbusWorld and Customization Milestone Chart in their
entirety and replacing such definitions with the following quoted text in alphabetical order: 

 QUOTE 

A319 Standard Specification – the A319 standard specification document number J.000.01000, Issue 7, dated June 20, 2011, a
copy of which is annexed hereto as Exhibit A-1, as amended to include a maximum take-off weight (MTOW) of 166,449 pounds, a maximum landing weight (MLW) of 137,789 pounds and a maximum zero fuel weight (MZFW) of 128,970 pounds. 

A320 Standard Specification – the A320 standard specification document number D.000.02000, Issue 8, dated June 20, 2011, a
copy of which is annexed hereto as Exhibit A-1, as amended to include a maximum take-off weight (MTOW) of 171,960 pounds, a maximum landing weight (MLW) of 145,505 pounds and a maximum zero fuel weight (MZFW) of 137,789 pounds. 

A321 Standard Specification – (i) with respect to any A321 Aircraft, the A321 standard specification document number
E.000.02000, Issue 5, dated June 20, 2011, a copy of which is annexed hereto as Exhibit A-1, as amended to include a maximum take-off weight (MTOW) of 206,132 pounds, a maximum landing weight (MLW) of 171,519 pounds and a maximum zero fuel
weight (MZFW) of 162,701 pounds and the installation of two (2) auxiliary center tanks or (ii) with respect to any A321 NEO Aircraft and upon issuance thereof, the A321 NEO ACF standard specification, Issue 1, a copy of which will be
provided to the Buyer and will be deemed to be incorporated herein as Exhibit A-1 as soon as it becomes available. 
 AirbusWorld
– the internet portal maintained by the Seller to provide online access to the data and services described in Clause 14. 

Customization Milestone Chart – as defined in Clause 2.5.1. 

UNQUOTE 
  

	1.2	Clause 0 of the Agreement is hereby amended by adding the following quoted text in alphabetical order: 

QUOTE 
 Baseline ACF –
as defined in Clause 2.1.1.3. 
 CabinFlex Door Configuration or ACF - as defined in Clause 2.1.1.3. 

UNQUOTE 

  
 Page 2 

	1.3	A new Clause 2.1.1.3 is added to the Agreement with the following quoted text: 

 QUOTE 

2.1.1.3 A321 NEO Aircraft – CabinFlex Door Configuration 

The Seller is currently developing a new door configuration for the A321 NEO Aircraft allowing the installation of up to 240 seats through,
amongst other means, the activation or deactivation of certain doors (the “CabinFlex Door Configuration” or “ACF”). 

The baseline CabinFlex Door Configuration shall consist of a type C door 1, a type III overwing exit, a type C door 3 and a type C door 4 and
shall allow for up to 220 seats to be installed on the A321 NEO Aircraft (the “Baseline ACF”). The Baseline ACF shall be irrevocably implemented on all A321 NEO Aircraft with a Scheduled Delivery Month from and including the
[*CTR], as set forth in the A321 Standard Specification applicable to A321 NEO Aircraft. 
 In addition to the Baseline ACF, at the
time of cabin definition and within a timeframe compatible with the contractual definition freeze of the A321 NEO Aircraft pursuant to Clause 2.5.2, the Buyer shall have the option to modify the allowable seating capacity of the A321 NEO Aircraft,
at costs to be borne by the Buyer, by executing the relevant SCNs covering the installation of an additional type III overwing exit and/or the de-activation of door 3 and such other additional cabin features as may be selected by the Buyer. 

UNQUOTE 
  

	2.	DELIVERY 

 The penultimate sentence in Clause 9.2.2 of the Agreement is deleted in its
entirety and replaced with the following quoted text: 
 QUOTE 

The Seller will provide to the Buyer (or with respect to Leased Aircraft, the Lessor), or will cause its Affiliate to provide, (i) a
warranty bill of sale, where the Delivery Location is Mobile, Alabama, in the form of Exhibit E-1 and, where the Delivery Location is any place other than Mobile, Alabama, in the form of Exhibit E-2 (the “Warranty Bill of Sale”),
(ii) FAA Form 8050-2 (the “Aircraft Bill of Sale”), (iii) such other documentation confirming transfer of title and receipt of such Final Price of such Aircraft as may reasonably be requested by the Buyer (and, with
respect to Leased Aircraft, by the Lessor), and (iv) if Mobile, Alabama is the Delivery Location, a warranty from Airbus S.A.S in the form of Exhibit J. 

UNQUOTE 

  
 Page 3 

[*CTR] = [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] 

	3.	CERTIFICATE OF ACCEPTANCE 

 Clause 8.3 of the Agreement is deleted in its entirety and
replaced with the following quoted text: 
 QUOTE 

Within five (5) days after the Aircraft is Ready for Delivery, the Buyer will execute and deliver to the Seller a certificate of
acceptance in respect of such Aircraft (x) if the Delivery Location is Mobile, Alabama, in the form of Exhibit D-1 and, (y) if the Delivery Location is any place other than Mobile, Alabama, in the form of Exhibit D-2 (the
“Certificate of Acceptance”). 
 UNQUOTE 
  

	4.	BUYER FURNISHED EQUIPMENT 

  

	4.1	The last sentence of Clause 18.1.4 of the Agreement is deleted in its entirety and replaced with the following quoted text: 

QUOTE 
 The Buyer will also
provide, when requested by the Seller, at the Airbus Operations S.A.S. facility in Toulouse, France, the Airbus Operations GmbH Division Hamburger Flugzeugbau facility in Hamburg, Germany, and/or the Airbus Americas Inc. facility in Mobile, Alabama,
adequate field service including support from BFE Suppliers to act in a technical advisory capacity to the Seller in the installation, calibration and possible repair of BFE. 

UNQUOTE 
  

	4.2	Clause 18.1.6 of the Agreement is renumbered as Clause 18.1.6(a). 

  

	4.3	A new Clause 18.1.6 (b) is added to the Agreement after Clause 18.1.6(a) as set forth in the following quoted text: 

QUOTE 
  

	 	(b)	BFE delivered to the Seller’s Affiliate in Mobile, Alabama, as may be specified by the Seller pursuant to Clause 18.1.6(a), will be shipped according to the Incoterms 2010 [*CTR] Airbus Americas, Inc.,
Mobile, Alabama. 	 

 UNQUOTE 

  
 Page 4 

[*CTR] = [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] 

	4.4	Clause 18.2.1(iii) of the Agreement is amended by replacing the words “DAP (Delivery at Place) according to the Incoterms,” with “the Declaration of Design and Performance”. 

 

	5.	NEW ENGINE OPTION 

 Clause 2.1.1.1 of the Agreement is amended by replacing the words
“Clauses 2.3.4, 2.3.5 and 2.3.6” with “Clauses 2.4.4, 2.4.5 and 2.4.6”. 
  

	6.	WARRANTED PARTS 

 Clause 12.1.9 of the Agreement is amended by replacing the words
“Clause 12.1.2.3” with “Clause 12.1.3”. 
  

	7.	EXHIBIT D – Form of Certificate of Acceptance 

 Exhibit D is deleted in its entirety
and replaced with Exhibits D-1 and D-2 attached hereto as Attachments A and B. 
  

	8.	EXHIBIT E – Form of Bill of Sale 

 Exhibit E is deleted in its entirety and replaced
with Exhibits E-1 and E-2 attached hereto as Attachments C and D. 
  

	9.	EXHIBIT J – Form of Airbus S.A.S Warranty 

 Exhibit J attached hereto as Attachment
E is hereby added to the Agreement. 
  

	10.	TABLE OF CONTENTS 

  

	10.1	Upon issuance by the Seller of the A321 NEO ACF standard specification, Issue 1, the reference to Exhibit A-1 in the Table of Contents to the Agreement is deleted in its entirety and replaced with the following quoted
text: 

 QUOTE 
  

			
	Exhibit A-1	  	A319 AIRCRAFT STANDARD SPECIFICATION
		  	A320 AIRCRAFT STANDARD SPECIFICATION
		  	A321 AIRCRAFT STANDARD SPECIFICATION
		  	A321 NEO ACF STANDARD SPECIFICATION

 UNQUOTE 

  
 Page 5 

					
	10.2	  	The reference to Exhibit D in the Table of Contents to the Agreement is deleted in its entirety and replaced with the following quoted text:
			
		  	QUOTE	  	
			
		  	Exhibit D-1	  	FORM OF CERTIFICATE OF ACCEPTANCE (MOBILE DELIVERIES)
			
		  	Exhibit D-2	  	FORM OF CERTIFICATE OF ACCEPTANCE (BLAGNAC/HAMBURG DELIVERIES)
			
		  	UNQUOTE	  	
		
	10.3	  	The reference to Exhibit E in the Table of Contents to the Agreement is deleted in its entirety and replaced with the following quoted text:
			
		  	QUOTE	  	
			
		  	Exhibit E-1	  	FORM OF BILL OF SALE (MOBILE DELIVERIES)
			
		  	Exhibit E-2	  	FORM OF BILL OF SALE (BLAGNAC/HAMBURG DELIVERIES)
			
		  	UNQUOTE	  	
		
	10.4	  	A new reference to Exhibit J is added to the Table of Contents to the Agreement in appropriate alphabetical order with the following quoted text:
			
		  	QUOTE	  	
			
		  	Exhibit J	  	FORM OF AIRBUS S.A.S. WARRANTY
			
		  	UNQUOTE	  	
		
	11.	  	EXHIBIT A-1 STANDARD SPECIFICATIONS
		
		  	Upon issuance by the Seller of the A321 NEO ACF standard specification, Issue 1, Exhibit A-1 is amended by adding the quoted text at the end of the exhibit as follows:
			
		  	QUOTE	  	
		
		  	The A321 NEO ACF Standard Specification is contained in a separate folder.
			
		  	UNQUOTE	  	

  
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	12.	SHORT LEADTIME OPTION AIRCRAFT DELIVERY SCHEDULE 

 Schedule IIA to Letter Agreement
No. 4 is deleted in its entirety and replaced with the Schedule IIA attached hereto as Attachment F. 
  

	13.	REFERENCES 

 On and after the date of this Amendment: 

 

	 	(i)	each reference in the Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Agreement shall mean and be a reference to the Agreement as amended by
this Amendment; and 

  

	 	(ii)	each reference in Letter Agreement No. 4 to “this Letter Agreement”, “hereunder”, “hereof” or words of like import referring to Letter Agreement No. 4 shall mean and be a
reference to Letter Agreement No. 4 as amended by this Amendment. 

  

	14.	ASSIGNMENT 

 This Amendment and the rights and obligations of the parties will be subject
to the provisions of Clause 21 of the Agreement. 
  

	15.	CONFIDENTIALITY 

 The Seller and the Buyer agree not to disclose the terms and conditions
of this Amendment to any person without the prior written consent of the other party. Notwithstanding the foregoing, the Seller and the Buyer agree that such terms and conditions may be disclosed without such prior written consent to (i) as
required by law or as necessary in connection with the enforcement of such party’s rights hereunder, and (ii) to the board of directors, managers, employees, auditors, and legal, financial and technical advisors of each party. 

 

	16.	COUNTERPARTS 

 This Amendment may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered will be an original, but all such counterparts will together constitute but one and the same instrument. 

  
 Page 7 

 If the foregoing correctly sets forth your understanding, please execute the original and one (1) copy
hereof in the space provided below and return a copy to the Seller. 
  

			
	Very truly yours,
	
	AIRBUS S.A.S.
		
	By:	 	 /s/ Airbus S.A.S.

	Name:	 	Airbus S.A.S
	Title:	 	Senior Vice President Contracts

 Accepted and Agreed: 

AMERICAN AIRLINES, INC. 
  

			
	By:	 	 /s/ American Airlines, Inc.

	Name:	 	American Airlines, Inc.
	Title:	 	Vice President – Fleet Planning

 ATTACHMENT A 

EXHIBIT D-1 
 FORM OF
CERTIFICATE OF ACCEPTANCE 
 In accordance with Clause 8.1 of the A320 Family Purchase Agreement dated
20th of July 2011 made between American Airlines, Inc. (the “Customer”) and Airbus S.A.S., as amended and supplemented from time to time (the “Purchase
Agreement”), the Technical Acceptance Process (as defined in the Purchase Agreement) relating to one Airbus A3[●]-[●]aircraft bearing manufacturer’s serial number [●] and registration mark [●], with two
(2) [●] series propulsion systems installed thereon, serial numbers [●] (position #1) and [●] (position #2) (the “Aircraft”) has been successfully completed in Mobile, Alabama, United States. 

The Customer, [as agent of [insert the name of the lessor/SPC] (the “Owner”) pursuant to the [purchase agreement assignment] dated [day] [month]
[year], between the Customer and the Owner] hereby accepts the Aircraft for delivery in accordance with the provisions of the Purchase Agreement. 
 Such
acceptance will not impair the rights that may be derived from the warranties, indemnities and performance guaranties relating to the Aircraft set forth in the Purchase Agreement. 

Any right at law or otherwise to revoke this acceptance of the Aircraft is hereby irrevocably waived. 

IN WITNESS WHEREOF, the Customer [, as agent of the Owner,] has caused this instrument to be executed by its duly authorized representative this
     day of                       in Mobile, Alabama, United States of America. 

 

			
	American Airlines, Inc. [as agent of OWNER]
		
	By:	 	  

	Name:	 	
	Title:	 	

 ATTACHMENT B 

EXHIBIT D-2 
 FORM OF
CERTIFICATE OF ACCEPTANCE 
 In accordance with Clause 8.1 of the A320 Family Purchase Agreement dated
20th of July 2011 and made between American Airlines, Inc. (the “Customer”) and Airbus S.A.S., as amended and supplemented from time to time (the “Purchase
Agreement”), the Technical Acceptance Process (as defined in the Purchase Agreement) relating to one Airbus A3[●]-[●] aircraft, bearing manufacturer’s serial number [●], and registration mark [●], [Customer
Airplane Number [●], with two (2) [●] series propulsion systems installed thereon, serial numbers [●] (position #1) and [●] (position #2) (the “Aircraft”) has been successfully completed in
[Blagnac/Hamburg]. 
 The Customer, [as agent of [insert the name of the lessor/SPC] (the “Owner”) pursuant to the [purchase agreement
assignment] dated [day] [month] [year], between the Customer and the Owner] hereby accepts the Aircraft for delivery in accordance with the provisions of the Purchase Agreement. 

Such acceptance will not impair the rights that may be derived from the warranties, indemnities and performance guaranties relating to the Aircraft set forth
in the Purchase Agreement. 
 Any right at law or otherwise to revoke this acceptance of the Aircraft is hereby irrevocably waived. 

IN WITNESS WHEREOF, the Customer[, as agent of the Owner] has caused this instrument to be executed by its duly authorized representative this
     day of             ,          in [Blagnac, France/Hamburg, Germany]. 

 

			
	American Airlines, Inc. [as agent of OWNER]
		
	By:	 	  

	Name:	 	
	Title:	 	

 ATTACHMENT C 

EXHIBIT E-1 
 FORM OF
WARRANTY BILL OF SALE 
 Know all men by these presents that Airbus Americas Inc., a Delaware corporation having its principal place of business at 2550
Wasser Terrace, Suite 9100, Herndon, VA 20171, United States (the “Seller”), was, this      day of             ,
         the owner of the title to the following airframe (the “Airframe”), the [engines/propulsion systems] as specified (the “[Engines/Propulsion Systems]”)
and all appliances, components, parts, instruments, appurtenances, accessories, furnishings, modules and other equipment of any nature, excluding buyer furnished equipment, (“BFE”), incorporated therein, installed thereon or
attached thereto on the date hereof (the “Parts”): 
  

			
	AIRFRAME:	  	[ENGINES/PROPULSION SYSTEMS]:
	AIRBUS Model A3[●]-[●]	  	[Insert name of engine or propulsion system manufacturer] Model [●]
		
	DATE OF MANUFACTURE: [●]	  	
		
	MANUFACTURER’S SERIAL NUMBER: [●]	  	 ENGINE SERIAL NUMBERS:
 LH:
[●]
 RH: [●]

		
	REGISTRATION MARK: [●]	  	

 The Airframe, [Engines/Propulsion Systems] and Parts are hereafter together referred to as the “Aircraft”.

 The Seller does this      day of [month] [year], grant, convey, bargain, sell, transfer, deliver and set over all of its
rights, title and interest in and to the Aircraft to the following entity and to its successors and assigns forever, such Aircraft to be the property thereof: 

[Insert Name/Address of Buyer] 

(the “Buyer”) 
 The Seller hereby
warrants to the Buyer, its successors and assigns that it has good and lawful right to sell, deliver and transfer title to the Aircraft to the Buyer and that there is hereby conveyed to the Buyer good, legal and valid title to the Aircraft, free and
clear of all liens, claims, charges, encumbrances and rights of others and that the Seller will warrant and defend such title forever against all claims and demands whatsoever. 

This Warranty Bill of Sale is governed by and shall be construed in accordance with the laws of the State of New York. 

 ATTACHMENT C 

EXHIBIT E-1 
 IN WITNESS WHEREOF, the
Seller has caused this instrument to be executed by its duly authorized representative this      day of             
         in Mobile, Alabama, United States of America. 
  

			
	AIRBUS AMERICAS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 ATTACHMENT D 

EXHIBIT E-2 
 FORM OF
WARRANTY BILL OF SALE 
 Know all men by these presents that Airbus S.A.S., a société par actions simplifiée existing under
French law and having its principal office at 1 rond-point Maurice Bellonte, 31707 Blagnac Cedex, FRANCE (the “Seller”), was this [day] [month] [year] the owner of the title to the following airframe (the
“Airframe”), the [engines/propulsion systems] as specified (the “[Engines/Propulsion Systems]”) and all appliances, components, parts, instruments, appurtenances, accessories, furnishings, modules and other
equipment of any nature, excluding buyer furnished equipment (“BFE”), incorporated therein, installed thereon or attached thereto on the date hereof (the “Parts”): 

 

			
	AIRFRAME:	  	[ENGINES/PROPULSION SYSTEMS]:
	AIRBUS Model A3[●]-[●]	  	[Insert name of engine or propulsion system manufacturer] Model [●]
		
	DATE OF MANUFACTURE: [●]	  	
		
	MANUFACTURER’S SERIAL NUMBER: [●]	  	 ENGINE SERIAL NUMBERS:
 LH:
[●]
 RH: [●]

		
	REGISTRATION MARK: [●]	  	

 The Airframe, [Engines/Propulsion Systems] and Parts are hereafter together referred to as the “Aircraft”.

 The Seller does this      day of [month] [year], grant, convey, bargain, sell, transfer, deliver and set over all of its
rights, title and interest in and to the Aircraft to the following entity and to its successors and assigns forever, such Aircraft to be the property thereof: 

[Insert Name/Address of Buyer] 

(the “Buyer”) 
 The Seller hereby
warrants to the Buyer, its successors and assigns that it has good and lawful right to sell, deliver and transfer title to the Aircraft to the Buyer and that there is hereby conveyed to the Buyer good, legal and valid title to the Aircraft, free and
clear of all liens, claims, charges, encumbrances and rights of others and that the Seller will warrant and defend such title forever against all claims and demands whatsoever. 

This Warranty Bill of Sale is governed by and shall be construed in accordance with the laws of the State of New York. 

 ATTACHMENT D 

EXHIBIT E-2 
 IN WITNESS WHEREOF, the
Seller has caused this instrument to be executed by its duly authorized representative this      day of [month], [year] in [Blagnac, France/Hamburg, Germany]. 

 

			
	AIRBUS S.A.S.
		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT E-2 

AIRBUS WARRANTY 
 Airbus S.A.S. hereby
warrants to                      (the “Buyer”), its successors and assigns that the Warranty Bill of Sale executed by Airbus
Americas Inc. dated                            and relating to one A3
         -              aircraft bearing
MSN                      (the “Aircraft”) conveys to the said Buyer on the date hereof good, legal and valid title to
the Aircraft, the [engines/propulsion systems], appliances, components, parts, instruments, appurtenances, accessories, furnishings, modules and other equipment of any nature, as described in the Warranty Bill of Sale, free and clear of all liens,
claims, charges, encumbrances and rights of others, and that Airbus S.A.S. will warrant and defend such title forever against all claims and demands whatsoever. 

This Airbus Warranty is governed by and shall be construed in accordance with the laws of the State of New York. 

IN WITNESS WHEREOF, Airbus S.A.S. has caused this Airbus Warranty to be executed by its duly authorized representative this
     day of                           . 

 

			
	AIRBUS S.A.S.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 ATTACHMENT F 

SCHEDULE IIA 
 [*CTR] OPTION
AIRCRAFT DELIVERY SCHEDULE 
  

					
	 Batch consisting of

[*CTR] Option
 Aircraft bearing
rank
	 	 Scheduled Delivery

Quarter
	 	 [*CTR] Option Exercise Notice Date

	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]

  
 [*CTR] = [CONFIDENTIAL PORTION OMITTED
AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] 

 ATTACHMENT F 

SCHEDULE IIA 
  

					
	 Batch consisting of

[*CTR] Option
 Aircraft bearing
rank
	 	 Scheduled Delivery

Quarter
	 	 [*CTR] Option Exercise Notice Date

	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]
	 [*CTR]
	 	[*CTR]	 	[*CTR]

  
 [*CTR] = [CONFIDENTIAL PORTION OMITTED
AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]Exhibit 10.1

 

SECOND AMENDED AND RESTATED INVESTMENT
MANAGEMENT TRUST AGREEMENT

 

THIS SECOND AMENDED AND RESTATED INVESTMENT
MANAGEMENT TRUST AGREEMENT (this “Agreement”) is made as of the 23rd day of October, 2015, by and
between Global Defense & National Security Systems, Inc., a Delaware corporation (the “Company”), and American
Stock Transfer & Trust Company, LLC (the “Trustee”).

 

WHEREAS, the Company’s Registration
Statement on Form S-1, File No. 333-191195 (the “Registration Statement”) for its initial public offering of
securities (the “IPO”) was declared effective as of October 24, 2013 (the “Effective Date”) by the
Securities and Exchange Commission;

 

WHEREAS, Cowen and Company, LLC (“Cowen”),
Maxim Group LLC and I-Bankers Securities, Inc. have acted as underwriters in the IPO (collectively, the “Underwriters”);

 

WHEREAS, as described in the Registration
Statement, and in accordance with the Company’s Amended and Restated Certificate of Incorporation, (i) approximately $65,580,000
received by the Company in connection with the IPO, plus (ii) $7,215,000 received by the Company in connection with the sale of
the Company’s common stock in a private placement (the “Private Placement”) that occurred simultaneously
with the consummation of the IPO pursuant to a subscription agreement, dated as of October 23, 2013, by and between the Company
and Global Defense & National Security Holdings LLC, a Delaware limited liability company and the sponsor of the Company (the
“Sponsor”), was delivered to the Trustee to be deposited and held in a trust account for the benefit of the Company
and all of the Company’s stockholders (other than with respect to the 2,003,225 shares of the Company’s common stock
purchased by the Sponsor on July 19, 2013 and the 645,000 shares (721,500 shares if the over-allotment option is exercised in full)
of the Company’s common stock purchased by the Sponsor in the Private Placement). The amount delivered to the Trustee will
be referred to herein as the “Property,” the stockholders for whose benefit the Trustee shall hold the Property
will be referred to as the “Public Stockholders,” and the Public Stockholders and the Company will be referred
to together as the “Beneficiaries,” pursuant to the investment management trust agreement dated as of October
24, 2013, by and between the parties hereto (the “Original Agreement”);

 

WHEREAS, the Property is being held by the
Trustee for the benefit of the Public Stockholders in the event that the Company fails to close a Business Combination (as such
term is defined in the Amended and Restated Certificate of Incorporation of the Company);

 

WHEREAS, pursuant to the Underwriting Agreement,
dated as of October 24, 2013, by and between the Company and the Underwriters, a portion of the Property equal to $1,650,000 (or
$1,897,500 if the Underwriters’ over-allotment option is exercised in full) is attributable to the Underwriters’ fees,
which amounts the Underwriters have agreed to deposit in the Trust Account (defined below) and which will be paid from the Trust
Account to the Underwriters upon the closing of a Business Combination;

 

WHEREAS, the Company and the Trustee have
entered into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property;

 

WHEREAS, on July 21, 2015, the parties hereto
amended and restated the Original Agreement in connection with extension of the date before which the Company must complete a Business
Combination from July 24, 2015 to October 24, 2015 (the “Current Agreement”);

 

WHEREAS, the Company has sought the approval
of its stockholders at a special meeting (the “Stockholder Meeting”) to amend the Company’s Amended and
Restated Certificate of Incorporation, dated as of April 3, 2014 (the “Charter”), to (1) extend the date before which
the Company must complete a business combination from October 24, 2015 (the “Current Termination Date”) to November
24, 2015 (the “Extended Termination Date”), and provide that the date for cessation of operations of the Company
if the Company has not completed a business combination would similarly be extended and (2) extend the period during which the
public stockholders are entitled to redeem, convert or tender their shares of Company common stock issued in the Company’s
initial public offering of securities (the “IPO Shares”) in the event of any further amendment of the Company’s
amended and restated certificate of incorporation affecting the substance or timing of the Company’s obligation to redeem,
convert or tender 100% of the IPO Shares if the Company has not consummated a business combination by the date of such further
amendment (together, the “Extension Amendments”).

 

     

     

    

 

WHEREAs, in conjunction with the Extension
Amendment the parties desire to (i) allow holders of the Company’s public shares to redeem their public shares for a pro
rata portion of the funds available in the Trust Account, and authorize the Company and the Trustee to disburse such redemption
payments and (ii) amend and restate the Current Agreement to permit distributions from the trust account to pay public stockholders
properly demanding redemption in connection with the Extension Amendment and extend the date on which to commence liquidating the
trust account in the event the Company has not consummated a business combination from the Current Termination Date to the Extended
Termination Date; and

 

WHEREAS, holders of the requisite number
of the Company’s outstanding shares of common stock approved the Extension Amendments.

 

IT IS AGREED:

 

1.           Agreements
and Covenants Of Trustee. The Trustee hereby agrees and covenants to:

 

(a)          Hold
the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in a segregated trust account (the “Trust
Account”) in the United States established by the Trustee at Wells Fargo Bank, N.A.;

 

(b)          Supervise
and administer the Trust Account subject to the terms and conditions set forth herein;

 

(c)          In
a timely manner, upon the written instruction of the Company, invest and reinvest the Property in any United States government
treasury bills having a maturity of one hundred eighty (180) days or less or in money market funds meeting certain conditions under
Rule 2a-7 promulgated under the Investment Company Act of 1940 (the “1940 Act”) and that invest solely in U.S.
treasuries. The Trustee shall bear no responsibility for any loss or penalty which may result from any investment or sale of investment
made pursuant to the Company’s instruction. The parties acknowledge that the Trustee is not providing investment supervision,
recommendations or advice;

 

(d)          Collect
and receive, when due, all principal and income arising from the Property, which income, net of taxes and subject to Section 1(i),
shall become part of the “Property,” as such term is used herein;

 

(e)          Promptly
notify the Company and Cowen of all communications received by it with respect to the Property;

 

(f)          Promptly
supply any information or documents as may be requested by the Company in connection with the Company’s preparation of tax
returns for the Trust Account or otherwise;

 

(g)         Participate
in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as and when instructed
by the Company to do so;

 

(h)         Render
to the Company, and to such other person as the Company may instruct, monthly written statements of the activities of and amounts
in the Trust Account reflecting all receipts and disbursements of the Trust Account;

 

(i)          Upon
written instructions from the Company, deliver to the Company or to such governmental entity or taxing authority as the Company
shall direct, on a quarterly basis, solely from the interest earned on the Property in the Trust Account, an amount equal to or
lesser than the taxes payable by the Company, if any, relating to any franchise and income taxes payable by the Company, to the
extent they may be paid from interest earned on the Trust Account;

 

     

     

    

 

(j)          Commence
liquidation of the Trust Account promptly after receipt of and only in accordance with the terms of a letter (the “Termination
Letter”), in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B, signed on behalf
of the Company by its Chief Executive Officer, and, in the case of a Termination Letter in a form substantially similar to that
attached hereto as Exhibit A, acknowledged and agreed to by Cowen, and complete the liquidation of the Trust Account and distribute
the Property in the Trust Account only as directed in the Termination Letter and the other documents referred to therein; provided,
however, that in the event that a Termination Letter has not been received by November 29, 2015, the Trust Account shall be
liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B to the stockholders of record
on the record date, which record date shall be fixed by the Board of Directors of the Company; provided, further, that the
record date shall be within ten (10) days of November 29, 2015, or as soon thereafter as is practicable.

 

(k)         Commence
partial liquidation of the Trust Account promptly after receipt of and only in accordance with the terms of a letter, in a form
substantially similar to that attached hereto as Exhibit C, signed on behalf of the Company by its Chief Executive Officer and
in accordance with the written instruction of the Company, disburse to the Public Stockholders of record as of the record date
for the Stockholder Meeting pursuant to which the Extension Amendment was approved and who elected to redeem their IPO shares in
conjunction with the Extension Amendment (each, an “Electing Stockholder”), the amount indicated by the Company
as required to pay such Electing Stockholders.

 

(l)          No
distributions from the Trust Account shall be permitted except in accordance with Sections 1(i), 1(j) or 1(k) hereof.

 

2.           Agreements
and Covenants of the Company. The Company hereby agrees and covenants to:

 

(a)          Give
all instructions to the Trustee hereunder in writing, signed by the Company’s Chief Executive Officer;

 

(b)          Hold
the Trustee harmless, defend and indemnify the Trustee from and against any and all expenses, including reasonable counsel fees
and disbursements, or loss suffered by the Trustee in connection with any action, suit or other proceeding brought against the
Trustee involving any claim, or in connection with any claim or demand which in any way arises out of or relates to this Agreement,
the services of the Trustee hereunder, or the Property or any income earned from investment of the Property, except for expenses
and losses resulting from the Trustee’s gross negligence, willful misconduct or breach of this Agreement. Promptly after
the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which
the Trustee intends to seek indemnification under this paragraph, it shall notify the Company in writing of such claim (hereinafter
referred to as the “Indemnified Claim”). The Company shall conduct and manage the defense against such Indemnified
Claim, provided, that the Trustee may voluntarily participate in such action at its own cost with its own counsel;

 

(c)          Pay
the Trustee an initial acceptance fee of $8,000 (it being expressly understood that the Property shall not be used to pay such
fee). The Company shall pay the Trustee the initial acceptance fee at the consummation of the IPO. The Company shall not be responsible
for any other fees or charges of the Trustee except as may be provided in paragraph 2(b) hereof (it being expressly understood
that the Property shall not be used to make any payments to the Trustee under such paragraph). The Trustee shall refund to the
Company the fee (on a pro rata basis) with respect to any period after the liquidation of the Trust Fund; and

 

(d)          In
connection with any vote of the Company’s stockholders regarding a Business Combination, provide to the Trustee an affidavit
or certificate of a firm regularly engaged in the business of soliciting proxies and tabulating stockholder votes verifying the
vote of the Company’s stockholders regarding such Business Combination.

 

(e)          Within
four (4) business days after the Underwriters exercise the over-allotment option (or any unexercised portion thereof) or such over-allotment
expires, provide the Trustee with a notice in writing of the total amount of the deferred Underwriters’ fees, which shall
in no event be less than $1,650,000.

 

     

     

    

 

(f)          In
addition to the specific requirements of Section 1(j) and 1(k), and in all cases, the Company shall provide Cowen with a copy of
any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from
the Trust Account promptly after such issuance.

 

(g)          Instruct
the Trustee to make only those distributions that are permitted under this Agreement, and refrain from instructing the Trustee
to make any distributions that are not permitted under this Agreement.

  

3.           Limitations
of Liability. The Trustee shall have no responsibility or liability to:

 

(a)          Take
any action with respect to the Property, other than as directed in paragraph 1 hereof, and the Trustee shall have no liability
to any party under this Agreement except for liability arising out of its own gross negligence, willful misconduct or breach of
contract;

 

(b)          Institute
any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding of
any kind with respect to, any of the Property unless and until it shall have received written instructions from the Company given
as provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses incident
thereto;

 

(c)          Change
the investment of any Property, other than in compliance with paragraph 1(c);

 

(d)          Refund
any depreciation in principal of any Property invested in accordance with Section 1(c);

 

(e)          Assume
that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided
otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee;

 

(f)          The
other parties hereto or anyone else for any action taken or omitted by it in compliance with this Agreement, or any action suffered
by it to be taken or omitted in compliance with this Agreement made in good faith and in the exercise of its best judgment, except
for its gross negligence or willful misconduct. The Trustee may rely conclusively and shall be protected in acting upon any order,
notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee), statement, instrument, report
or other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but also as
to the truth and acceptability of any information therein contained) which is believed by the Trustee, in good faith, to be genuine
and to be signed or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or any waiver,
modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument
delivered to the Trustee signed by the proper party or parties and, if the duties or rights of the Trustee are affected, unless
it shall give its prior written consent thereto;

 

(g)          Verify
the correctness of the information set forth in the Registration Statement or to confirm or assure that any acquisition made by
the Company or any other action taken by it is as contemplated by the Registration Statement; or

 

(h)          Look
to any other agreement for the determination of its duties as Trustee.

 

4.           Termination.
This Agreement shall terminate as follows:

 

(a)          If
the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable
efforts to locate a successor trustee. At such time that the Company notifies the Trustee that a successor trustee has been appointed
by the Company and has agreed to become subject to the terms of this Agreement, the Trustee shall transfer the management of the
Trust Account to the successor trustee, including but not limited to the transfer of copies of the reports and statements relating
to the Trust Account, whereupon this Agreement shall terminate, except that the provisions of Section 2(b) shall survive termination;
provided, however, that in the event that the Company does not locate a successor trustee within ninety (90) days of receipt of
the resignation notice from the Trustee, the Trustee may, upon written notice to the Company, submit an application to have the
Property deposited with the United States District Court for the Southern District of New York and, upon such deposit, the Trustee
shall be immune from any liability whatsoever that arises due to any actions or omissions to act by any party after such deposit;
or

 

     

     

    

 

(b)          At
such time that the Trustee has completed the liquidation of the Trust Account in accordance with the provisions of paragraph 1(j)
hereof and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate
except with respect to Paragraph 2(b).

 

5.           Trust
Account Waiver. The Trustee has no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account
that it may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including,
without limitation, under Section 2(b) or Section 2(c) hereof, the Trustee shall pursue such Claim solely against the Company and
its assets outside the Trust Account and not against the Property or any monies in the Trust Account.

 

6.           Miscellaneous.

 

(a)          The
Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds
transferred from the Trust Account. Upon receipt of written instructions, the Trustee will confirm such instructions with an Authorized
Individual at an Authorized Telephone Number listed on the attached Exhibit D. The Company and the Trustee will each restrict access
to confidential information relating to such security procedures to authorized persons. Each party must notify the other party
immediately if it has reason to believe unauthorized persons may have obtained access to such information and of any change in
its authorized personnel.

 

(b)          This
Agreement may be executed by facsimile and in several counterparts, which together shall constitute but one instrument.

 

(c)          This
Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. This
Agreement or any provision hereof may only be changed, amended or modified by a writing signed by each of the parties hereto; provided
that such action shall not materially adversely affect the interests of the Public Stockholders. Any change, waiver, amendment
or modification to this Agreement that materially adversely affects the interests of the Public Stockholders shall be subject to
approval by each of the Public Stockholders materially adversely affected thereby. As to any claim, cross-claim or counterclaim
in any way relating to this Agreement, each party waives the right to trial by jury.

 

(d)          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, including, without limitation, Sections 5-1401 and 5-1402 of the New York General Obligations
Law and the New York Civil Practice Laws and Rules 327(b). 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.

 

(e)          Any
notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing
and shall be sent by certified or registered 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 Trustee, to:

 

American Stock Transfer & Trust Company, LLC

6201 15th Avenue

Brooklyn, New York 11219

Attn: John Baker

Fax: (718) 765-8792

 

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:

 

In either case with a copy to:

 

Morrison & Foerster LLP

1650 Tysons Blvd, Suite 400

McLean, VA 22102

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

Fax: (703) 760-7777

and

 

Cowen and Company, LLC

599 Lexington Avenue

New York, New York 10022

Attn: Head of Equity Capital Markets

Fax: (646)562-1249

 

and

 

McDermott Will & Emery LLP

340 Madison Avenue

New York, New York 10173

Attn: Robert H. Cohen, Esq., Joel L. Rubinstein, Esq.

Fax: (212) 547-5444

 

(f)          This
Agreement may not be assigned by the Trustee without the prior written consent of the Company.

 

(g)          The
obligations and rights contained in Section 2(b) herein will survive the termination of this Agreement.

 

(h)          Each
of the Trustee and the Company hereby represents that it has the full right and power and has been duly authorized to enter into
this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it
shall not make any claims or proceed against, and waives any and all right, title, interest or claim of any kind in or to any distribution
of the Trust Account, including by way of set-off, and shall not be entitled to any funds in, and hereby agrees not to seek recourse,
reimbursement, payment or satisfaction for any claim against, the Trust Account under any circumstance.

 

(i)          The
Trustee hereby consents to the inclusion of “American Stock Transfer & Trust Company, as Trustee” in the Registration
Statement and other materials relating to the IPO.

 

(j)          Each
of the Company and the Trustee hereby acknowledge that Cowen is a third party beneficiary of this Agreement. The Public Stockholders
shall also be third party beneficiaries of this Agreement.

 

(k)          Except
as specified herein, no party to this Agreement may assign its rights or delegate its obligations hereunder to any other person
or entity.

 

[Remainder of page intentionally left blank]

 

     

     

    

 

IN WITNESS WHEREOF,
the parties have duly executed this Second Amended and Restated Investment Management Trust Agreement as of the date first written
above.

  

	 	
        AMERICAN STOCK TRANSFER & TRUST COMPANY,

        LLC, AS TRUSTEE

	 	 
	 	By:	  /s/ Joseph M. Smith
	 	 	Name: Joseph M. Smith
	 	 	Title: VP
	 	 
	 	
        GLOBAL DEFENSE & NATIONAL SECURITY SYSTEMS,

        INC.

	 	 
	 	By:	/s/ Frederic Cassis
	 	 	Name: Frederic Cassis
	 	 	Title: Secretary

 

[Signature Page to Trust Agreement]

 

     

     

    

 

EXHIBIT A

 

[LETTERHEAD OF THE COMPANY]

 

[DATE]

 

American Stock Transfer & Trust Company, LLC

6201 15th Avenue

Brooklyn, New York 11219

Attn: John Baker

 

Re:        Trust
Account No. [ ] Termination Letter

 

Gentlemen:

 

Pursuant to paragraph 1(j) of the Second
Amended and Restated Investment Management Trust Agreement between Global Defense & National Security Systems, Inc. (the “Company”)
and American Stock Transfer & Trust Company, LLC (the “Trustee”), dated as of October 23, 2015 (the “Trust
Agreement”), this is to advise you that the Company has entered into an agreement (the “Business Agreement”)
with __________________(the “Target”) to close a business combination with the Target (the “Business
Combination”) on or about [___ __], 2015. The Company shall notify you at least forty-eight (48) hours in advance of
the actual date of the closing of the Business Combination (the “Closing Date”). Defined terms used but not
otherwise defined herein shall have the meaning ascribed to such term in the Trust Agreement.

 

Pursuant to Section 2(d) of the Trust Agreement,
we are providing you with [an affidavit] [a certificate] of _________________, which verifies the vote of the Company’s stockholders
in connection with the Business Combination. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence
liquidation of the Trust Account to the effect that, on the Closing Date, all of the funds held in the Trust Account will be immediately
available for transfer to the account or accounts that the Company and Cowen and Company, LLC shall direct in writing on the Closing
Date.

 

On the Closing Date (i) counsel for the
Company (“Company Counsel”) shall deliver to you written notification that the Business Combination has been
closed and (ii) the Company shall deliver to you written instructions (the “Instruction Letter”) with respect
to the transfer of the funds held in the Trust Account, including, but not limited to, (a) funds to be delivered to any Public
Stockholder that has properly exercised its conversion rights or sold its shares to the Company (as described in the Registration
Statement), (b) the portion of the Property attributable to the deferred Underwriters’ fees in an amount equal to $1,897,500
and (c) the portion of the Property to be released to the Company in connection with the closing of the Business Combination.

 

You are hereby directed and authorized to
transfer the funds held in the Trust Account immediately upon your receipt of Company Counsel’s notification and the Instruction
Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may
not be liquidated by the Closing Date without penalty, you will notify the Company of the same and the Company shall direct you
as to whether such funds should remain in the Trust Account and be distributed after the Closing Date to the Company. With respect
to the deferred Underwriters’ fees, such funds should be distributed on the Closing Date to Cowen and Company, LLC (on behalf
of the several underwriters) promptly after receipt of the Instruction Letter. Upon the distribution of all the funds in the Trust
Account pursuant to the terms hereof, the Trust Agreement shall be terminated.

 

In the event that the Business Combination
is not closed on the Closing Date described in the notice thereof and we have not notified you on or before the original Closing
Date of a new Closing Date, then the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on
the business day immediately following the Closing Date as set forth in the notice.

 

[Remainder of page intentionally left blank]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	
        GLOBAL DEFENSE & NATIONAL SECURITY SYSTEMS, INC.

	 		 
	 	By:	 
	 	 	Name: Dale R. Davis
	 	 	Title:     Chief Executive Officer

  

	AGREED TO AND ACKNOWLEDGED BY	 
	 	 
	COWEN AND COMPANY, LLC	 
	 	 
	By: 	 	 
	 	Name:	 
	 	Title:	 

 

[Signature Page to Exhibit A to Trust
Agreement]

 

     

     

    

 

EXHIBIT B

 

[LETTERHEAD OF THE COMPANY]

 

[DATE]

 

American Stock Transfer & Trust Company, LLC

6201 15th Avenue

Brooklyn, New York 11219

Attn: John Baker

 

Re:       Trust Account
No. [ ] Termination Letter

 

Gentlemen:

 

Pursuant to paragraph 1(j) of the Second
Amended and Restated Investment Management Trust Agreement between Global Defense & National Security Systems, Inc. (the “Company”)
and American Stock Transfer & Trust Company, LLC (the “Trustee”), dated as of October 23, 2015 (the “Trust
Agreement”), this is to advise you that the Company is to be liquidated in accordance with the terms of the Company’s
Amended and Restated Certificate of Incorporation.

 

In accordance with the terms of the Trust
Agreement, we hereby authorize you to commence liquidation of the Trust Account. In connection with this liquidation, you are hereby
authorized to establish a record date for the purposes of determining the stockholders of record entitled to receive their per
share portion of the Trust Account. The record date shall be within ten (10) days of the liquidation date, or as soon thereafter
as is practicable. You will notify the Company in writing as to when all of the funds in the Trust Account will be available for
immediate transfer (the “Transfer Date”) in accordance with the terms of the Trust Agreement and the Amended
and Restated Certificate of Incorporation of the Company. You shall commence distribution of such funds in accordance with the
terms of the Trust Agreement and the Amended and Restated Certificate of Incorporation of the Company and you shall oversee the
distribution of the funds. Upon the payment of all the funds in the Trust Account, the Trust Agreement shall be terminated.

 

	 	Very truly yours,
	 	 
	 	
        GLOBAL DEFENSE & NATIONAL SECURITY SYSTEMS, INC.

	 	 	 
	 	By:	 
	 	 	Name: Dale R. Davis
	 	 	Title:    Chief Executive Officer

 

cc: Cowen and Company, LLC

 

     

     

    

 

EXHIBIT C

 

[LETTERHEAD OF COMPANY]

 

[DATE]

 

American Stock Transfer & Trust Company, LLC

6201 15th Avenue

Brooklyn, New York 11219

Attn: John Baker

 

Re:       Trust
Account No. [       ]

 

Gentlemen:

 

Pursuant to Section 1(k) of the Second Amended
and Restated Investment Management Trust Agreement between Global Defense & National Security Systems, Inc. (the “Company”)
and American Stock Transfer & Trust Company, LLC (the “Trustee”), dated as of October 23 2015 (the “Trust
Agreement”), this is to advise you that in connection with the Extension Amendment and the Trust Amendment and in accordance
with the terms of the Trust Agreement, we hereby authorize you to liquidate $_____ of the Trust Account on [_____ __], 2015 and
to transfer $_____ of the proceeds of the Trust to the Trust checking account at [Paying Agent’s account] for distribution
to the stockholders that have properly requested redemption of their shares in connection with the Extension Amendment.  It
is acknowledged and agreed that while such funds are on deposit in the Trust checking account awaiting distribution, the Company
will not earn any interest or dividends on such funds.

 

On or before the date for liquidation referenced
above the Company shall deliver to you written instructions (the “Instruction Letter”) with respect to the transfer
of the funds held in the Trust Account including, but not limited to, funds to be delivered to any Public Stockholder that has
properly exercised its redemption rights (as described in the Registration Statement),. You agree to be the paying agent of record
and in your separate capacity as paying agent to distribute said funds on the date for liquidation referenced above directly to
the Company’s Electing Stockholders in accordance with the Instruction Letter, terms of the Trust Agreement and the Amended
and Restated Certificate of Incorporation of the Company. 

 

	 	Very truly yours,
	 	 
	 	GLOBAL DEFENSE & NATIONAL SECURITY SYSTEMS, INC.
	 	 	 
	 	By:	 
	 	 	Name: Dale R. Davis
	 	 	Title:    Chief Executive Officer

 

cc: Cowen and Company, LLC

 

     

     

    

 

EXHIBIT D

 

	AUTHORIZED INDIVIDUAL(S)	 	AUTHORIZED
	FOR TELEPHONE CALL BACK	 	TELEPHONE NUMBER(S)
	 	 	 
	COMPANY:	 	 
	 	 	 
	Global Defense & National Security Systems, Inc.	 	(202) 800-4333
	11921 Freedom Drive, Suite 550	 	 
	Two Fountain Square	 	 
	Reston, Virginia 20190	 	 
	Attn: Dale R. Davis	 	 
	Chief Executive Officer	 	 
	 	 	 
	TRUSTEE:	 	 
	 	 	 
	American Stock Transfer & Trust Company, LLC	 	(718) 921-8200
	6201 15th Avenue	 	 
	Brooklyn, New York 11219	 	 
	Attn: John Baker

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