Document:

Exhibit
10.2

 

STOCK
PURCHASE AGREEMENT

 

THIS
STOCK REPURCHASE AGREEMENT (this "Agreement") is made and entered into as of the 9th day of June 2017, by and
between Sileas Corp. ( the "Seller") and Danny Schoening and Karen Hawkins (each, a "Purchaser").

 

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

 

WITNESSETH:

 

WHEREAS,
Seller desires to sell to Purchasers, and Purchasers desire to purchase from Seller, 800,000 shares of Common Stock,
par value US$ 0.001 (the "Shares") of Optex Systems Holdings, Inc. (the “Company”);

 

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

 

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

 

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

 

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

 

SECTION
1 THE TRANSACTION

 

Purchase
of Shares

 

By executing this Agreement and two stock powers
endorsed in blank, Seller is hereby selling to Purchasers, and Purchasers are hereby purchasing from Seller, the Shares which are
free of any third party preemptive or similar rights, and free and clear of any mortgages, liens, pledges, charges, security interests
or any other third party rights (other than any third party rights under the existing Sellers' Agreement (the "Sellers' Agreement"),
to the extent applicable), at a price equal to $314,000  (the "Consideration", which is a discounted amount based
upon recognition of years of administrative support by the Purchasers for the Company) as follows:

 

Danny Schoening: 640,000 Shares for $200,000
plus a $50,825 promissory note

 

Karen Hawkins: 160,000 Shares for $50,000 plus
a $12,706 promissory note

 

     

     

    

 

Each promissory note shall have a one year term,
with interest at 1.18% per annum and shall be payable in four equal quarterly installments of $12,800 for Danny Schoening and $3,200
for Karen Hawkins, each installment payable within five business days after the payment of cash dividends by the Company to each
Purchaser.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

     

     

    

 

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

 

SECTION
2 - Miscellaneous

 

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

 

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

 

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

 

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

 

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

 

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

 

     

     

    

 

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

 

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

 

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

 

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

 

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

 

	SILEAS CORP.:	 	DANNY SCHOENING:
	 	 	 	 	 
	By:	 	 	By:	 
	Address:	 	Address:
	 	 	 	 	 
	Date:	 	 	Date:	 

 

KAREN HAWKINS:

 

	By:	 	 
	Address:	 
	 	 	 
	Date:EX-4.2

 Exhibit 4.2 

Company Order 

June 15, 2017 
 The Bank of New York Mellon,

 as Trustee 
 101 Barclay Street 

Floor 7E 
 New York, New York 10286 

Re: 2.950% Senior Secured Notes due 2027 

Ladies and Gentlemen: 
 Application is hereby
made to The Bank of New York Mellon, a New York banking corporation, as trustee (the “Trustee”), under the Indenture dated as of August 15, 2002 (the “Indenture”), between Union Electric Company, a Missouri
corporation (the “Company”), and the Trustee for the authentication and delivery of $400,000,000 aggregate principal amount of the Company’s 2.950% Senior Secured Notes due 2027 (the “Notes”), pursuant to the
provisions of Article II of the Indenture. The Company, at any time and from time to time, without the consent of the holders of the Notes, may deliver additional Notes of the same series executed by the Company to the Trustee for
authentication, having the same terms and conditions (including the same CUSIP number) as the Notes authenticated pursuant hereto in all respects, except for the date of original issuance, the offering price, and if applicable, the initial interest
accrual date and the initial interest payment date. Such additional Notes shall be part of the same series as the Notes authenticated pursuant hereto. All capitalized terms not defined herein that are defined in the Indenture shall have the same
meaning as used in the Indenture. 
 In connection with this Company Order, there are delivered to you herewith the following: 

 

	 	1.	Certified copies of the resolutions adopted by the Board of Directors of the Company authorizing this Company Order and the issuance and sale of the Notes by the Company pursuant to Section 2.05(c)(1) of the
Indenture; 

  

	 	2.	Opinions of Counsel addressed to you pursuant to Section 2.05(c)(2) of the Indenture; 

  

	 	3.	Independent Expert’s certificate pursuant to Section 2.05(c)(3) of the Indenture; 

  

	 	4.	Officers’ Certificate pursuant to Section 2.05(c)(4) of the Indenture; 

  

	 	5.	A Global Note representing the Notes executed on behalf of the Company in accordance with the terms of Section 2.05(a) of the Indenture, specifying the terms of the Notes (which terms are incorporated by reference
herein); and 

  

	 	6.	Pursuant to Section 2.05(c)(3) of the Indenture, the Company’s Senior Note First Mortgage Bonds designated “First Mortgage Bonds, Senior Notes Series RR” (the “Bonds”) in the
principal amount of $400,000,000 relating to the Notes, fully registered in the name of the Trustee in trust for the benefit of the Holders from time to time of such Notes. 

 The Global Note representing the Notes is to be held for delivery through the facilities of The
Depository Trust Company (“DTC”) to Barclays Capital Inc. on behalf of the several underwriters thereof, against payment therefor at the closing in respect of the sale thereof, such closing to be held at 10:00 a.m., New York
time, June 15, 2017, at the offices of Morgan, Lewis & Bockius LLP, 101 Park Avenue, New York, New York 10178. You are hereby instructed to authenticate the Global Note representing the Notes in the name of CEDE & Co. as
registered holder and to hold it as custodian for DTC. 

 Please acknowledge receipt of the Global Note representing the Notes, the instructions referred
to above and the supporting documentation pursuant to the Indenture referred to above (including the Bonds in trust for the benefit of the Holders). 
  

			
	Very truly yours,
	
	Union Electric Company
		
	By:	 	 /s/ Ryan J. Martin

		 	Name: Ryan J. Martin
		 	Title: Vice President and Treasurer

 Receipt from the Company of the Global Note representing the Notes, certain instructions related
thereto and the supporting documentation pursuant to the Indenture (including the Bonds in trust for the benefit of the Holders) in connection with the authentication and delivery of the Notes is hereby acknowledged. 

 

			
	 The Bank of New York Mellon,
 as
Trustee

		
	By:	 	 /s/ Laurence J. O’Brien

		 	Name: Laurence J. O’Brien
		 	Title: Vice President

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