Document:

Exhibit

Exhibit 10.7

AMENDMENT NO. 1 TO AIRCRAFT TIME SHARING AGREEMENT

THIS AMENDMENT NO. 1 TO AIRCRAFT TIME SHARING AGREEMENT (this “Amendment”) is made and entered into as of July 1, 2016 by and between Danaher Corporation, a Delaware corporation (“Owner”), and Thomas P. Joyce, Jr. (“Lessee”).

WHEREAS, Owner and Lessee are parties to that certain Aircraft Time Sharing Agreement dated as of May 7, 2014 (the “Original Agreement”); and

WHEREAS, Owner and Lessee desire to amend the Original Agreement in accordance with the terms and conditions set forth below.

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Owner and Lessee hereby agree as follows:

1.Amendment.  Effective as of the date hereof, the Original Agreement shall be, and is hereby, amended by deleting the aircraft described in Annex I hereto (the “Aircraft”), and the Aircraft shall be, and is hereby, released from all of the terms and conditions thereof.
2.Survival.  Except as expressly provided in this Amendment, the Original Agreement shall continue in full force and effect without amendment, modification or alteration.
3.Further Assurances.  Each of the parties hereto agrees promptly, at any time and from time to time, to execute and deliver all such agreements, documents and instruments and to do all such other acts as may be necessary or advisable to give full effect to, evidence or confirm the terms and conditions of this Amendment and carry out the intent of the parties contemplated hereby.
4.Governing Law.  This Amendment shall be governed by, and construed in accordance with, the laws of the State of Delaware, without regard to its conflicts of laws principles.
5.Miscellaneous.
(a)Any provision of this Amendment which is invalid or unenforceable shall not affect the validity or enforceability of the remaining provisions of this Amendment.  If the final judgment of a court of competent jurisdiction declares that any provision of this Amendment is invalid or unenforceable, the parties hereto agree that such court shall have the power to modify such provision consistent with the intent of the parties.
(b)This Amendment shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and permitted assigns.  Nothing in this Amendment, express or implied, is intended to confer on any person or entity, other than the parties hereto and their respective successors and permitted assigns, any rights, remedies, benefits, obligations or liabilities under this Amendment, except as specifically provided in this Amendment or otherwise specifically agreed to in writing by the parties.
(c)This Amendment contains and constitutes the entire agreement of or between the parties hereto with respect to the subject matter of this Amendment, and supersedes all other prior or contemporaneous understandings, communications, commitments, undertakings, representations and agreements, oral or written, expressed or implied, of or between the parties with respect to the subject matter of this Amendment.

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(d)This Amendment may not be amended, modified, discharged or waived orally or by course of conduct, but only by an agreement in writing, signed by or on behalf of the party hereto against whom enforcement of any amendment, modification, discharge or waiver is sought.
(e)The failure or delay on the part of any party hereto to insist upon or enforce strict performance of any provision of this Amendment by any other party hereto, or to exercise any right, power or remedy under this Amendment, shall not be deemed or construed as a waiver thereof.  A waiver by any party hereto of any provision of this Amendment or of any breach thereof shall not be deemed or construed as a general waiver thereof or of any other provision or any rights thereunder.
(f)The section headings contained in this Amendment are for convenience only and shall not be considered in the interpretation or construction of the provisions of this Amendment.
(g)This Amendment may be executed in any number of counterparts and by facsimile signature, each of which (including any facsimile counterpart) shall be deemed an original, but all of which together shall constitute one and the same instrument.

[Remainder of Page Intentionally Left Blank]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to Aircraft Time Sharing Agreement to be executed as of the date first above written.
	
				
	 
	 
	DANAHER CORPORATION

	 
	 
	 
	 

	 
	 
	By:
	/s/ Robert S. Lutz

	 
	 
	Name:
	Robert S. Lutz

	 
	 
	Title:
	Senior Vice President and Chief Accounting Officer

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Thomas P. Joyce, Jr.

	 
	 
	Name:
	Thomas P. Joyce, Jr.

	 
	 
	 
	 

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Annex I to
Amendment No. 1 to Aircraft Time Sharing Agreement

Description of Aircraft

The Dassault Falcon 900B aircraft bearing Manufacturer’s Serial No. and U.S. Registration No. N909PM.

4Exhibit 10.1

 

EXECUTION
COPY

 

LOCK-UP
AGREEMENT

 

THIS
LOCK-UP AGREEMENT (this “Agreement”) is made and entered into as of July 19, 2016 (the “Effective
Date”) by and among (i) NAC Global Technologies, Inc., a Nevada corporation (“Buyer”),
(ii) Swiss Heights Engineering S.A., a business company organized in Switzerland (the “Company”),
and (iii) each of the persons listed on Schedule A hereto (collectively, the “Restricted Holders”).
Any capitalized term used but not defined in this Agreement will have the meaning ascribed to such term in the Share Exchange
Agreement (as defined below).

 

WHEREAS,
on the Effective Date, Buyer, the Company and the stockholders of the Company (the “Sellers”) are entering
into that certain Share Exchange Agreement (as amended from time to time in accordance with the terms thereof, the “Share
Exchange Agreement”), pursuant to which, subject to the terms and conditions thereof, Buyer will acquire from the
Sellers all of the issued and outstanding equity interests of the Company in exchange for 83,000,000 shares of Buyer Common Stock
and warrants to purchase 737,341,257 shares of Buyer Common Stock, which shares of Buyer Common Stock, upon issuance of the shares
underlying the warrants, collectively represents ninety-five and three quarters percent (95.75%) of the issued and outstanding
equity interests of Buyer on a fully-diluted basis (including any Convertible Securities of Buyer), but excluding for such purposes
the Buyer Warrants; and

 

WHEREAS,
pursuant to the Share Exchange Agreement, and in view of the valuable consideration to be received by indirectly by the Restricted
Holders thereunder through their respective interests in Buyer, Buyer, the Company and the Restricted Holders desire to enter
into this Agreement, pursuant to which the shares of Buyer Common Stock held by the Restricted Holders (the “Restricted
Shares”) shall become subject to limitations on disposition as set forth herein.

 

NOW,
THEREFORE, in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth
below, and intending to be legally bound hereby, the parties hereby agree as follows:

 

1.           Lock-Up
Provisions.

 

(a)       Each
Restricted Holder hereby agrees not to, during the period commencing from the Effective Date and ending on the earlier of (x) the
one (1) year anniversary of the date of the consummation of the transactions contemplated by the Share Exchange Agreement (the
“Closing”) and (y) the date on which Buyer consummates a liquidation, merger, share exchange or
other similar transaction following the Closing with an unaffiliated third party that results in all of Buyer’s shareholders
having the right to exchange their equity holdings in Buyer for cash, securities or other property (such period, the “Lock-Up
Period”): (i) lend, offer, pledge, hypothecate, encumber, donate, assign, sell, contract to sell, sell any option
or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise
transfer or dispose of, directly or indirectly, any Restricted Shares, (ii) enter into any swap or other arrangement that
transfers to another, in whole or in part, any of the economic consequences of ownership of Restricted Shares or (iii) publicly
disclose the intention to do any of the foregoing, whether any such transaction described in clauses (i), (ii), or (iii) above
is to be settled by delivery of shares of Buyer Common Stock or other securities, in cash or otherwise (any of the foregoing described
in clauses (i), (ii), or (iii), a “Prohibited Transfer”); provided, that after the six (6) month
anniversary of the Closing, each Restricted Holder may enter into and consummate any transaction described in clauses (i) through
(iii) above for up to a total number of shares of Buyer Common Stock in any day equal to ten percent (10%) of the average daily
volume of the shares of Buyer Common Stock during the prior week. Notwithstanding the foregoing, a transfer of any or all of the
Restricted Shares owned by a Restricted Holder to an Affiliate of such Restricted Holder shall not be a Prohibited Transfer, provided
that such Affiliate executes and delivers to Buyer and the Company an agreement stating that such Affiliate is receiving and holding
such Restricted Shares subject to the provisions of this Agreement, and there shall be no further transfer of such Restricted
Shares except in accordance with this Agreement. In addition, each Restricted Holder agrees that such Restricted Holder will not,
during the Lock-Up Period, make any demand for or exercise any right with respect to, the registration of any Restricted Shares
or any other shares of Buyer Common Stock or any security convertible into or exercisable or exchangeable for shares of Buyer
Common Stock. Each Restricted Holder further agrees to execute such agreements as may be reasonably requested by Buyer that are
consistent the foregoing or that are necessary to give further effect thereto.

 

     

     

    

 

(b)       If
any Prohibited Transfer is made or attempted contrary to the provisions of this Agreement, such purported Prohibited Transfer
shall be null and void ab initio, and Buyer shall refuse to recognize any such purported transferee of the Restricted Shares as
one of its equity holders for any purpose. In order to enforce this Section 1, Buyer shall impose stop-transfer instructions
with respect to the Restricted Shares of each Restricted Holder (and permitted transferees and assigns thereof) until the end
of the Lock-Up Period.

 

(c)       During
the Lock-Up Period, each certificate evidencing any Restricted Shares shall be stamped or otherwise imprinted with a legend in
substantially the following form, in addition to any other applicable legends:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A LOCK-UP AGREEMENT DATED AS OF
JULY 12, 2016 BY AND AMONG THE ISSUER OF SUCH SECURITIES, SWISS HEIGHTS ENGINEERING S.A. AND CERTAIN OF SUCH ISSUER’S SHAREHOLDERS,
AS AMENDED. A COPY OF SUCH LOCK-UP AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE ISSUER TO THE HOLDER HEREOF UPON WRITTEN
REQUEST.”

 

2.           Miscellaneous.

 

(a)       Termination
of Share Exchange Agreement. Notwithstanding anything to the contrary contained herein, in the event that the Share Exchange
Agreement is terminated in accordance with its terms prior to the Closing, this Agreement and all rights and obligations of the
parties hereunder shall automatically terminate and be of no further force or effect.

 

(b)       Binding
Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the
parties hereto and their respective permitted successors and assigns. This Agreement and all obligations of each Restricted Holder
are personal to such Restricted Holder and may not be transferred or delegated by such Restricted Holder at any time. Buyer and
the Company may each freely assign any or all of its rights under this Agreement, in whole or in part, to any successor entity
(whether by merger, consolidation, equity sale, asset sale or otherwise) without obtaining the consent or approval of any Restricted
Holder.

 

(c)       Third
Parties. Nothing contained in this Agreement or in any instrument or document executed by any party in connection with this
Agreement shall create any rights in, or be deemed to have been executed for the benefit of, any Person that is not a party hereto
or thereto or a successor or permitted assign of such a party.

 

(d)       Governing
Law; Jurisdiction. This Agreement is to be construed and governed by the laws of the State of New York without giving effect
to principles of conflicts of laws. Each party hereby irrevocably agrees that any legal action or proceeding arising out of or
in connection with this Agreement may be brought in any state or federal court located in New York County, State of New York (or
in any court in which appeal from such courts may be taken). Each party hereto expressly consents to the personal jurisdiction
and venue of such courts, and further, each party agrees not to assert, by way of motion, as a defense, or otherwise, in any such
action, suit or proceeding, any claim that it is not subject personally to the jurisdiction of such court, that the action, suit
or proceeding is brought in an inconvenient forum, that the venue of the action, suit or proceeding is improper or that this Agreement
or the subject matter hereof may not be enforced in or by such court, and hereby agrees not to challenge such jurisdiction or
venue by reason of any offsets or counterclaims in any such action, suit or proceeding. Each party agrees that a final judgment
in any Action shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided
by Law. Each party irrevocably consents to the service of the summons and complaint and any other process in any Action relating
to the transactions contemplated by this Agreement, on behalf of itself, or its property, by personal delivery of copies of such
process to such party at the applicable address set forth in Section 2(g). Nothing in this Section 2(d) shall affect
the right of any party to serve legal process in any other manner permitted by applicable Law.

 

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(e)       WAIVER
OF JURY TRIAL. EACH PARTY HERETO HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A
TRIAL BY JURY IN RESPECT TO ANY LITIGATION OR OTHER ACTION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS
AGREEMENT AND ANY AGREEMENT CONTEMPLATED TO BE EXECUTED IN CONNECTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS
(WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY IN CONNECTION WITH SUCH AGREEMENTS.

 

(f)       Interpretation.
The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting
this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used in this Agreement shall include
the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural
and vice versa; (ii) “including” (and with correlative meaning “include”) means including without limiting
the generality of any description preceding or succeeding such term and shall be deemed in each case to be followed by the words
“without limitation”; (iii) the words “herein,” “hereto,” and “hereby” and other
words of similar import in this Agreement shall be deemed in each case to refer to this Agreement as a whole and not to any particular
section or other subdivision of this Agreement; and (iv) the term “or” means “and/or”. The parties have
participated jointly in the negotiation and drafting of this Agreement. Consequently, in the event an ambiguity or question of
intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 

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(g)       Notices.
Any notice, request, instruction or other document to be given hereunder by a party hereto shall be in writing and shall be deemed
to have been given, (i) when received if given in person or by courier or a courier service, (ii) on the date of transmission
if sent by facsimile or email (with affirmative confirmation of receipt, and provided, that the party providing notice shall within
two (2) Business Days provide notice by another method under this Section 2(g) or (iii) three (3) Business Days after being deposited
in the U.S. mail, certified or registered mail, postage prepaid:

 

	If
        to the Company:

         

        Swiss
        Heights Engineering S.A

        Via Pioda 14

        6900 Lugano

        Switzerland

        Attn: Filippo M. Puglisi, CEO
	 	with
        a copy (which will not constitute notice) to:

         

        Ellenoff,
        Grossman & Schole, LLP

        1345 Avenue of the Americas, 11th Floor

        New York, NY 10105

        Attn: Richard Anslow, Esq.

        Email: ranslow@egsllp.com

        Telephone: (212) 370-1300

        Facsimile: (212) 370-7889

	If
        to Buyer:

         

        NAC
        Global Technologies, Inc.

        4720 Salisbury Road

        Jacksonville, FL 32256

        Attn: Vincent Genovese, CEO

        Email: vgenovese@nacdrivesystems.com

        Telephone: (904) 493-6496

        Facsimile: (904) 339-9241
	 	with
        a copy (which will not constitute notice) to:

         

        Robinson
        Brog Leinwand Greene Genovese & Gluck, P.C.

        875 Third Avenue,

        New York, NY 10022

        Attn: David E. Danovitch, Esq.

        Email: ded@robinsonbrog.com

        Telephone: (212) 603-6391

         

        and

         

        

        Swiss
        Heights Engineering S.A

        Via Pioda 14

        6900 Lugano

        Switzerland

        Attn: Filippo M. Puglisi, CEO

         

        and

         

        Ellenoff,
        Grossman & Schole, LLP

        1345 Avenue of the Americas, 11th Floor

        New York, NY 10105

        Attn: Richard Anslow, Esq.

        Email: ranslow@egsllp.com

        Telephone: (212) 370-1300

        Facsimile: (212) 370-7889

	If
    to any Restricted Holder, to the address of such Restricted Holder as set forth under the name of such Restricted Holder on
    the signature pages hereto 	 	with
        a copy (which will not constitute notice) to:

         

        Robinson
        Brog Leinwand Greene Genovese & Gluck, P.C.

        875 Third Avenue,

        New York, NY 10022

        Attn: David E. Danovitch, Esq.

        Email: ded@robinsonbrog.com

        Telephone: (212) 603-6391

 

or
to such other individual or address as a party hereto may designate for itself by notice given as herein provided

 

(h)       Amendments
and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either
generally or in a particular instance, and either retroactively or prospectively) only with the written consent of Buyer, the
Company and Restricted Holders holding a majority of the Restricted Shares held by all Restricted Holders. No failure or delay
by a party in exercising any right hereunder shall operate as a waiver thereof. No waivers of or exceptions to any term, condition,
or provision of this Agreement, in any one or more instances, shall be deemed to be or construed as a further or continuing waiver
of any such term, condition, or provision.

 

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(i)       Severability.
In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction, such provision shall
be modified or deleted, as to the jurisdiction involved, only to the extent necessary to render the same valid, legal and enforceable,
and the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired
thereby nor shall the validity, legality or enforceability of such provision be affected thereby in any other jurisdiction. Upon
such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties will substitute
for any invalid, illegal or unenforceable provision a suitable and equitable provision that carries out, so far as may be valid,
legal and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision.

 

(j)       Specific
Performance. Each Restricted Holder acknowledges that its obligations under this Agreement are unique, recognizes and affirms
that in the event of a breach of this Agreement by any Restricted Holder, money damages may be inadequate and Buyer and the Company
may have not adequate remedy at law, and agree that irreparable damage would occur in the event that any of the provisions of
this Agreement were not performed by a Restricted Holder in accordance with their specific terms or were otherwise breached. Accordingly,
each of Buyer and the Company shall be entitled to seek an injunction or restraining order to prevent breaches of this Agreement
by any Restricted Holder and to seek to enforce specifically the terms and provisions hereof, without the requirement to post
any bond or other security or to prove that money damages would be inadequate, this being in addition to any other right or remedy
to which such party may be entitled under this Agreement, at law or in equity.

 

(k)       Entire
Agreement. This Agreement (including any Schedules hereto) constitutes the full and entire understanding and agreement among
the parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter
hereof existing between the parties is expressly canceled; provided, that, for the avoidance of doubt, the foregoing shall
not affect the rights and obligations of the parties under the Share Exchange Agreement or any Ancillary Document. Notwithstanding
the foregoing, nothing in this Agreement shall limit any of the rights or remedies of Buyer and the Company or any of the obligations
of the Restricted Holders under any other agreement between the Restricted Holders and Buyer or the Company or any certificate
or instrument executed by the Restricted Holders in favor of Buyer or the Company, and nothing in any other agreement, certificate
or instrument shall limit any of the rights or remedies of Buyer or the Company or any of the obligations of the Restricted Holders
under this Agreement.

 

(l)       Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall
become effective when one or more counterparts have been signed by each of the parties and delivered to the other party, it being
understood that all parties need not sign the same counterpart. Signatures delivered by facsimile or by electronic data file shall
have the same effect as originals.

 

[Remainder
of Page Intentionally Left Blank; Signature Pages Follow]

 

    	 	5	 

     

    

 

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

 

	 	Buyer:
	 	 
	 	NAC
    GLOBAL TECHNOLOGIES, INC.
	 	 	 
	 	By:	                   
	 	Name:
	 
	 	Title:	 
	 	 	 
	 	The
    Company:
	 	 
	 	SWISS
    HEIGHTS ENGINEERING S.A.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature Page to Lock-Up Agreement]

  

     

     

    

 

	 	Restricted
    Holders:
	 	 
	 	 
	 	[__________________]
	 	Address
    for Notice:
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	Facsimile:
                                                                          
	 	Email:                                                                              

 

 

[Signature
Page to Lock-Up Agreement]

 

     

     

    

 

SCHEDULE
A

RESTRICTED HOLDERS

 

●      [__________________]

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