Document:

Exhibit 10.8

 

BOLT TECHNOLOGY CORPORATION

 

AMENDMENT TO RESTRICTED STOCK AWARD
AGREEMENTS

 

THIS AMENDMENT TO RESTRICTED STOCK AWARD
AGREEMENTS (this “Amendment”) is entered into as of September 10, 2012 (the “Effective Date”),
by and between Bolt Technology Corporation, a Connecticut corporation (the “Company”), and Michael C. Hedger
(the “Participant”).

 

WHEREAS, the Company and the Participant
are party to the following Restricted Stock Award Agreements: (i) Restricted Stock Award Agreement with respect to the 4,500 shares
of Common Stock awarded on January 23, 2008; (ii) Restricted Stock Award Agreement with respect to the 6,000 shares of Common Stock
awarded on September 24, 2009; (iii) Restricted Stock Award Agreement with respect to the 3,000 shares of Common Stock awarded
on October 6, 2010; (iv) Restricted Stock Award Agreement with respect to the 7,500 shares of Common Stock awarded on August 18,
2011; and (v) Restricted Stock Award Agreement with respect to the 12,500 shares of Common Stock awarded on August 21, 2012 (together,
the “Restricted Stock Award Agreements”); and

 

WHEREAS, the Company and the Participant
desire to amend each of the Restricted Stock Award Agreements to provide for certain changes, including, without limitation, that
the forfeiture restrictions shall automatically lapse (i) if the Participant’s service with the Company is terminated due
to the Participant’s retirement at or after age 65, death or Disability and (ii) immediately prior to the consummation of
a Change of Control.

 

NOW, THEREFORE, the Company and the Participant
agree as follows:

 

1.          Capitalized
terms used but not otherwise defined in this Amendment shall have the meanings set forth in the Restricted Stock Award Agreements.

 

2.          Section
3(c) of each of the Restricted Stock Award Agreements is amended and restated in its entirety to read:

 

“(c)          Termination
of Continuous Service. Notwithstanding any other provision of this Agreement to the contrary, if the Participant’s Continuous
Service with the Company or any Subsidiary terminates for any reason (or no reason) other than as set forth in the proviso to this
Section 3(c), any shares of Restricted Stock that are subject to the Period of Restriction on the date of the Participant’s
termination shall be immediately forfeited by the Participant and shall be automatically transferred to and reacquired by the Company
at no cost to the Company, and neither the Participant nor his or her heirs, executors, administrators or successors shall have
any right or interest in such Restricted Stock; provided, however, that if the Participant holds Restricted Stock at the time the
Participant’s Continuous Service with the Company terminates due to the Participant’s retirement at or after age 65
(“Retirement”), death or Disability (as defined in the Plan), the Period of Restriction with respect to such Restricted
Stock shall automatically lapse on the date of the Participant’s Retirement, death or Disability.”

 

    	 

    	 

    

 

3.          Section
6 of each of the Restricted Stock Award Agreements is amended and restated in its entirety to read:

 

“6.          Change
of Control. Notwithstanding Section 3 of this Agreement, if the Participant holds Restricted Stock at the time a Change of
Control (as defined in the Plan) occurs, the Period of Restriction with respect to such Restricted Stock shall automatically lapse
immediately prior to the consummation of such Change of Control.”

 

4.          Section
12 of each of the Restricted Stock Award Agreements is amended by adding the phrase “if applicable,” after the word
“Code,” and before the word “even.”

 

5.          All
of the terms and conditions of the Restricted Stock Award Agreements shall remain in full force and effect, except as amended as
set forth in this Amendment.

 

IN WITNESS WHEREOF, the undersigned have
executed this Amendment as of the date first written above.

 

	 	BOLT TECHNOLOGY CORPORATION
	 	 	 
	 	By: 	/s/ Raymond M. Soto
	 	 	Name: Raymond M. Soto
	 	 	Title:   Chief Executive Officer
	 	 
	 	PARTICIPANT:
	 	 
	 	/s/ Michael C. Hedger
	 	Michael C. Hedger

 

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BOLT TECHNOLOGY CORPORATION

 

RESTRICTED STOCK AWARD AGREEMENT

 

THIS RESTRICTED STOCK AWARD AGREEMENT (this
“Agreement”) is entered into as of _______________ (the “Effective Date”), by and between
Bolt Technology Corporation, a Connecticut corporation (the “Company”), and Michael C. Hedger (the “Participant”).

 

WHEREAS, the Participant is an employee
of the Company or one of its subsidiaries or a director of the Company and in connection therewith has rendered services for and
on behalf of the Company and/or its subsidiaries; and

 

WHEREAS, in recognition of the prior contributions
made by the Participant and to provide the Participant with an additional incentive to use maximum efforts for the future success
of the Company and its subsidiaries, the Company desires to grant to the Participant, and the Participant desires to accept from
the Company, an award of the common stock, without par value, of the Company (the “Common Stock”) pursuant to
the Bolt Technology Corporation Amended and Restated 2006 Stock Option and Restricted Stock Plan (as it may be further amended
from time to time, the “Plan”), subject to certain restrictions for the benefit of the Company, and upon such
other terms and conditions, set forth in this Agreement.

 

NOW, THEREFORE, the Company and the Participant
agree as follows:

 

1.          Restricted
Stock Award. The Company hereby offers to issue to the Participant ______ shares of Common Stock (the “Shares”)
subject to the restrictions and on the terms and conditions set forth in this Agreement (the “Award”). Unless
this offer is earlier revoked in writing by the Company, the Participant shall have ten (10) days from the date of the delivery
of this Agreement to the Participant to accept the offer of the Company by executing and delivering to the Company two copies of
this Agreement, without condition or reservation of any kind whatsoever, and pay the full purchase price, if any, for said Shares
to the Company in the manner set forth in this Agreement.

 

2.          Purchase
Price. The purchase price to purchase the Shares is _____ ($_____).

 

3.          Restriction
on the Shares.

 

(a)        Period
of Restriction. Except as otherwise set forth herein, all the Shares issued to the Participant pursuant to this Agreement shall
be subject to a period of restriction (the “Period of Restriction”) during which the Participant’s rights
in and to such Shares shall be subject to the limitations and obligations set forth in this Section 3.

 

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(b)          Lapse
of Period of Restriction. The Period of Restriction shall lapse as to a percentage of the Shares in accordance with the schedule
set forth below based upon the period of time of the Participant’s Continuous Service (as defined in the Plan) with the Company
or any Subsidiary (as defined in the Plan), calculated from the Effective Date:

 

	Period of Continuous Service
 (calculated from the Effective
 Date)	 	Incremental Percentage of
 Shares Not Subject to
 Restriction	 	 	Cumulative Percentage of
 Shares Not Subject to
 Restriction	 
	12 months	 	 	20	%	 	 	20	%
	24 months	 	 	20	%	 	 	40	%
	36 months	 	 	20	%	 	 	60	%
	48 months	 	 	20	%	 	 	80	%
	60 months	 	 	20	%	 	 	100	%

 

During the period that the Shares are subject to the Period
of Restriction, such Shares are referred to herein as “Restricted Stock.”

 

(c)          Termination
of Continuous Service. Notwithstanding any other provision of this Agreement to the contrary, if the Participant’s Continuous
Service with the Company or any Subsidiary terminates for any reason (or no reason) other than as set forth in the proviso to this
Section 3(c), any shares of Restricted Stock that are subject to the Period of Restriction on the date of the Participant’s
termination shall be immediately forfeited by the Participant and shall be automatically transferred to and reacquired by the Company
at no cost to the Company, and neither the Participant nor his or her heirs, executors, administrators or successors shall have
any right or interest in such Restricted Stock; provided, however, that if the Participant holds Restricted Stock at the time the
Participant’s Continuous Service with the Company terminates due to the Participant’s retirement at or after age 65
(“Retirement”), death or Disability (as defined in the Plan), the Period of Restriction with respect to such
Restricted Stock shall automatically lapse on the date of the Participant’s Retirement, death or Disability.

 

(d)          Escrow.
Upon the Participant’s execution and delivery of this Agreement, the Participant agrees to concurrently deliver one or more
executed stock powers as requested by the Company, duly endorsed in blank for transfer, in the form attached hereto as Exhibit A,
which shall be deposited with the Company during the Period of Restriction. Each certificate representing shares of Restricted
Stock shall bear the following legend until the lapse of the Period of Restriction with respect to the shares represented by such
certificate:

 

Transfer of this certificate and the shares represented
hereby is restricted pursuant to the terms of the Bolt Technology Corporation Amended and Restated 2006 Stock Option and Restricted
Stock Plan (the “Plan”) and the Restricted Stock Award Agreement, dated as of _______________, between Bolt Technology
Corporation and Michael C. Hedger (the “Agreement”). Copies of the Plan and the Agreement are on file at the offices
of Bolt Technology Corporation.

 

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The certificates representing the Restricted Stock along with
the stock power(s) shall be held in escrow by the Company until such time as either (i) the Period of Restriction with respect
to all of such shares of Restricted Stock lapses in accordance with Section 3(b) or the proviso in Section 3(c) of this Agreement,
in which case the shares shall be delivered to the Participant, or (ii) any such shares of Restricted Stock are forfeited pursuant
to Section 3(c) of this Agreement, in which case such shares shall be transferred to and reacquired by the Company in accordance
with said Section 3(c).

 

(e)          Distributions.
All cash distributions on the Restricted Stock shall be paid directly to the Participant and shall not be held in escrow. Any new,
substituted or additional securities or other property issued in respect of Restricted Stock shall be held in escrow, together,
where applicable, with appropriate stock powers, assignments or other transfer documents which the Participant hereby agrees to
execute as a condition to receipt of such securities or other property. If the Restricted Stock in respect of which such securities
or other property was issued is forfeited to the Company pursuant to Section 3(c) of this Agreement, then such securities or other
property shall be immediately forfeited to the Company and automatically transferred to and reacquired by the Company at no cost
to the Company, to the same extent and in accordance with Section 3(c) of this Agreement as if such securities or other property
were Restricted Stock thereunder.

 

4.          Participant’s
Acknowledgement. The Participant acknowledges and agrees that: (x) unless the Shares are covered by a then current registration
statement or a notification under Regulation A under the Securities Act of 1933, as amended (the “Securities Act”),
(i) the Shares are being purchased for investment and not for distribution or resale (other than a distribution or resale which,
in the opinion of counsel satisfactory to the Company, may be made without violating the registration provisions of the Securities
Act); (ii) the Participant has been advised and understands that (A) the Shares have not been registered under the Securities Act
and are “restricted securities” within the meaning of Rule 144 under the Securities Act and are subject to restrictions
on transfer, and (B) the Company is under no obligation to register the Shares under the Securities Act or to take any action which
would make available to the Participant any exemption from such registration; (iii) such Shares may not be transferred without
compliance with all applicable federal and state securities laws and any other restrictions contained in the Plan and this Agreement;
and (iv) an appropriate legend referring to the foregoing restrictions on transfer and any other applicable restrictions under
this Agreement may be endorsed on the certificates; (y) notwithstanding the foregoing, if the Company determines that issuance
of Shares should be delayed pending (1) registration under federal or state securities laws, (2) the receipt of an opinion of counsel
satisfactory to the Company that an appropriate exemption from such registration is available, (3) the listing or inclusion of
the Shares on any securities exchange or an automated quotation system, or (4) the consent or approval of any governmental regulatory
body whose consent or approval is necessary in connection with the issuance of such Shares, the Company may defer issuance of any
Shares granted hereunder until any of the events described in this sentence has occurred; and (z) if at any time the Committee
shall determine that an additional agreement of the Participant is necessary or desirable as a condition of, or in connection with,
the delivery or purchase of the Shares hereunder, then the Award shall not be effective unless such agreement shall have been obtained
free of any conditions not acceptable to the Committee.

 

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5.          Rights
as a Stockholder. Upon the Participant’s execution and delivery of this Agreement and payment of the full purchase price
for the Shares and until such time as the Restricted Stock is forfeited to the Company as set forth herein, the Participant shall
be the record owner of the Restricted Stock and, subject to the terms of this Agreement and the Plan, shall have all rights of
a stockholder with respect to the Restricted Stock, including the right to vote the shares of Restricted Stock and, subject to
the terms of Section 3 hereof, to receive dividends and distributions with respect to the Restricted Stock.

 

6.          Change
of Control. Notwithstanding Section 3 of this Agreement, if the Participant holds Restricted Stock at the time a Change of
Control (as defined in the Plan) occurs, the Period of Restriction with respect to such Restricted Stock shall automatically lapse
immediately prior to the consummation of such Change of Control.

 

7.          Withholding.
All deliveries and distributions under this Agreement shall be subject to withholding of all applicable taxes. The Participant
agrees to make appropriate arrangements with the Company for satisfaction of any applicable federal, state or local income tax,
withholding requirements or like requirements, including the payment to the Company upon the lapse of the Period of Restriction
with respect to shares of Restricted Stock (or such later date as may be applicable under Section 83 of the Internal Revenue
Code of 1986, as amended (the “Code”)), or other settlement in respect of, the Restricted Stock of all such taxes and
requirements. The Participant agrees that the Company shall be authorized to take such action as the Company may deem necessary
(including, without limitation, in accordance with applicable law, withholding amounts from any compensation or other amount owing
from the Company to the Participant) to satisfy all obligations for the payment of such taxes.

 

8.          Restrictions
on Transfer. The Participant shall not sell, transfer, pledge, hypothecate, assign, exchange or otherwise dispose of the Restricted
Stock. Any attempted sale, transfer, pledge, hypothecation, assignment, exchange or other disposition shall be null and void and
of no force or effect and the Company shall have the right to disregard the same on its books and records and to issue “stop
transfer” instructions to its transfer agent.

 

9.          Plan
Provisions Control. This Agreement is subject to the terms and conditions of the Plan, which are incorporated herein by reference.
Notwithstanding anything to the contrary contained herein, the provisions of the Plan shall govern if and to the extent there are
inconsistencies between the provisions of the Plan and the provisions of this Agreement. The Participant acknowledges that the
Participant has received a copy of the Plan prior to the execution of this Agreement.

 

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10.         No
Rights Conferred. Nothing in this Agreement shall give the Participant any right to continue in the employ or service of the
Company or any Subsidiary and/or as a member of the Company’s Board of Directors or in any other capacity, or interfere in
any way with the right of the Company or any Subsidiary to terminate the employment or services of the Participant.

 

11.         Adjustments.
All references to the number and class of shares covered by this Agreement, the purchase price per share of the Shares, and other
terms in this Agreement may be appropriately adjusted, in the discretion of the Committee, in the event of certain changes in capitalization,
as set forth in Section 9 of the Plan.

 

12.         Compliance
with Section 409A of the Code. The Participant hereby consents (without further consideration) to
any change to this Agreement or the Award so the Participant can avoid paying penalties under Section 409A of the Code, if
applicable, even if those changes affect the terms and conditions of this Agreement or the Award and
reduce its value or potential value.

 

13.         Binding
Effect. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs,
executors, administrators, successors and permitted assigns. This Agreement may not be assigned or transferred in whole or in part
by the Participant, nor may the Participant delegate any duty or obligation under this Agreement, and any attempt to so assign,
transfer or delegate shall be null and void and of no force or effect.

 

14.         Interpretation
of this Agreement. All determinations and interpretations made by the Committee with regard to any questions arising under
the Plan or this Agreement shall be final, binding and conclusive as to all persons, including without limitation the Participant
and any person claiming rights from or through the Participant.

 

15.         Venue.
Each party to this Agreement hereby irrevocably (i) consents and submits to the exclusive jurisdiction of the state and federal
courts in Fairfield County, Connecticut in connection with any disputes arising out of this Agreement,
and (ii) waives any objection based on venue or inconvenient forum with respect to any action instituted therein arising under
this Agreement or the transactions contemplated hereby, and agrees that any dispute with respect to such matters shall be heard
only in the courts described above.

 

16.         Governing
Law; Entire Agreement; Amendment. This Agreement shall be governed by and construed in accordance with the laws of the State
of Connecticut, without regard to such state’s conflict of laws principles. The Plan and this Agreement constitute the entire
agreement between the parties with respect to the subject matter hereof and supersede all prior understandings and agreements,
written or oral, of the parties hereto with respect to the subject matter hereof. This Agreement may be amended by the Committee,
subject to the Participant’s consent if such amendment is not favorable to the Participant, except that the consent of the
Participant shall not be required for any amendment made pursuant to Section 7B(j), Section 8 or Section 9 of the Plan, or
as set forth in Section 12 of this Agreement.

 

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17.         Tax
Elections. THE PARTICIPANT UNDERSTANDS THAT HE OR SHE (AND NOT THE COMPANY) SHALL BE RESPONSIBLE FOR THE PARTICIPANT’S
OWN TAX LIABILITY THAT MAY ARISE AS A RESULT OF THE ACQUISITION OF THE SHARES HEREUNDER. THE PARTICIPANT ACKNOWLEDGES AND AGREES
THAT HE OR SHE HAS CONSIDERED THE ADVISABILITY OF ALL TAX ELECTIONS IN CONNECTION WITH THE ISSUANCE OF THE SHARES, INCLUDING THE
MAKING OF AN ELECTION UNDER SECTION 83(b) OF THE CODE. THE PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT, IF THE PARTICIPANT
DETERMINES TO MAKE AN ELECTION UNDER SECTION 83(b) OF THE CODE, (i) THE PARTICIPANT (AND NOT THE COMPANY) IS SOLELY RESPONSIBLE
FOR PROPERLY AND TIMELY COMPLETING AND FILING ANY SUCH SECTION 83(b) ELECTION, AND (ii) THE PARTICIPANT AGREES TO TIMELY PROVIDE
A COPY OF THE ELECTION TO THE COMPANY AS REQUIRED UNDER THE CODE.

 

18.         Notices.
Any notice, demand or request required or permitted to be given under this Agreement shall be in writing and shall be deemed given
(i) when delivered personally, or (ii) three days after being deposited in the United States mail, by certified or registered mail,
postage prepaid, or (iii) the next business day after sent by nationally recognized overnight delivery service, and addressed,
if to the Company, at its principal place of business, Attention: Chief Financial Officer, and if to the Participant, at his or
her most recent address as shown in the employment or stock records of the Company.

 

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IN WITNESS WHEREOF, the undersigned have
executed this Agreement as of the date first written above.

 

	 	BOLT TECHNOLOGY CORPORATION
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 
	 	PARTICIPANT
	 	 
	 	 
	 	Michael C. Hedger

 

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Exhibit A

 

STOCK POWER

 

For value received, I hereby sell, assign and transfer unto
_______________________________ shares of the Common Stock of Bolt Technology Corporation standing in my name on the books of
said Company represented by Certificate(s) Number(s) _________________ herewith, and do hereby irrevocably constitute and appoint
____________________ attorney to transfer the said stock on the books of said Company with full power of substitution in the premises.

 

Date:______________________________________

 

Printed Name:_______________________________

 

Social Security Number:_______________________

 

Signature:___________________________________

 

Witness Signature:____________________________Stock
Purchase Agreement

 

 

Dated as of August 31, 2012

 

 

By and Among

 

 

ANDRO GVICHIYA,

 

 

TREVOR ROBERTSON,

 

and

 

LICONT, CORP. 

 

 

 

    	 

    	 

    

 

Stock
Purchase Agreement

 

This stock purchase
agreement (“Agreement”), dated as of August ___, 2012, is entered into by and among LICONT, CORP. (“Licont”
or the “Company”) and ANDRO GVICHIYA (the “Seller”), and TREVOR ROBERTSON (the “Purchaser”
and together with the Company and the Seller, the “Parties”).

 

Witnesseth:

 

Whereas,
the Seller is a shareholder of Licont, a corporation organized and existing under the laws of the State of Nevada, who owns and/or
controls in the aggregate 1,500,000 shares of common stock, par value $0.001 per share, of the Company, which represents 57.91%
of the issued and outstanding shares; and

 

Whereas,
the Purchaser desires to acquire 1,500,000 shares.

 

Now,
Therefore, in consideration of the premises and of the covenants, representations, warranties and agreements herein
contained, the Parties have reached the following agreement with respect to the sale by the Seller of such shares to the Purchaser:

 

Section
1. Construction and Interpretation

 

1.1. Principles of
Construction.

 

(a) All references
to Articles, Sections, subsections and Appendixes are to Articles, Sections, subsections and Appendixes in or to this Agreement
unless otherwise specified. The words “hereof,” “herein” and “hereunder” and words of similar
import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement.
The term “including” is not limiting and means “including without limitations.”

 

(b) In the computation
of periods of time from a specified date to a later specified date, the word “from” means “from and including;”
the words “to” and “until” each mean “to but excluding;” and the word “through”
means “to and including.”

 

(c) This Agreement
is the result of negotiations among and has been reviewed by each Party’s counsel. Accordingly, this Agreement shall not
be construed against any Party merely because of such Party’s involvement in its preparation.

 

(d) Wherever in this
Agreement the intent so requires, reference to the neuter, masculine or feminine shall be deemed to include each of the other,
and reference to either the singular or the plural shall be deemed to include the other.

 

Section
2. The Transaction

 

2.1. Purchase Price.

 

The Seller hereby agrees
to sell to the Purchaser, and the Purchaser, in reliance on the representations and warranties contained herein, and subject to
the terms and conditions of this Agreement, agrees to purchase from the Seller 1,500,000 shares (the “Acquired Shares”)
for a total purchase price of $150,000 (the “Purchase Price”), payable in full to the Seller according to the
terms of this Agreement, in United States currency as directed by the Seller at the closing of the transaction contemplated herein
(the “Closing”).

    	 

    	 

    
 

 

2.2. Transfer of Shares
and Terms of Payment.

 

In consideration for
the transfer of the Acquired Shares by the Seller to the Purchaser, the Purchaser shall pay the Purchase Price in accordance with
the terms of this Agreement. Transfer of the shares and payment thereof shall be in the following manner:

 

		i)	Upon execution of this Agreement, the Purchaser shall transfer the Purchase Price to Anslow &
Jaclin, LLP (the “Escrow Agent”);

 

		ii)	Simultaneously with the transfer of the Purchase Price, the Seller shall deliver to the Escrow
Agent the certificates for the Acquired Shares duly endorsed for transfer or with executed stock powers medallion guaranteed attached
to be released and delivered to Purchaser upon receipt of the Purchase Price by the Escrow Agent.

 

2.3. Closing.

 

Subject to the terms
and conditions of this Agreement, the Closing shall take place by wire transfer and overnight mail on or before August ___, 2012
(the “Closing Date”).

 

Section
3. Representations and Warranties 

 

3.1. Representations
and Warranties of the Seller and the Company. The Seller and the Company hereby make the following representations and warranties
to the Purchaser:

 

3.1.1   The Company
is a corporation duly organized and validly existing under the laws of the State of Nevada and has all corporate power necessary
to engage in all transactions in which it has been involved, as well as any general business transactions in the future that may
be desired by its directors.

 

3.1.2   The Company
is in good standing with the Secretary of State of Nevada.

 

3.1.3   Prior to or at Closing, all
of the Company’s outstanding debts and obligations shall be paid off (at no expense or liability to the Purchaser) and the
Seller shall provide evidence of such payoff to the Purchaser’s reasonable satisfaction. Should the Purchaser discover any
obligation of the Company that was not paid prior to the Closing Date, the Seller shall indemnify the Purchaser for any and all
such liabilities, whether outstanding or contingent at the time of Closing.

 

3.1.4   The Company
will have no assets or liabilities at the Closing Date.

 

3.1.5   The Company
is not subject to any pending or threatened litigation, claims or lawsuits from any party, and there are no pending or threatened
proceedings against the Company by any federal, state or local government, or any department, board, agency or other body thereof.

 

3.1.6   The Company
is not a party to any contract, lease or agreement which would subject it to any performance or business obligations after the
Closing.

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3.1.7   The Company
does not own any real estate or any interests in real estate.

 

3.1.8   The Company
is not liable for any taxes, including income, real or personal property taxes, to any governmental or state agencies whatsoever.
The Company has timely filed all income, real or personal property, sales, use, employment or other governmental tax returns or
reports required to be filed by it with any federal, state or other governmental agency and all taxes required to be paid by the
Company in respect of such returns have been paid in full. None of such returns are subject to examination by any such taxing authority
and the Company has not received notice of any intention to require the Company to file any additional tax returns in any jurisdiction
to which it may be subject.

 

3.1.9   The Company,
to the actual knowledge of Seller, is not in violation of any provision of laws or regulations of federal, state or local government
authorities and agencies.

 

3.1.10   The Seller
is the lawful owner of record of the Acquired Shares, and the Seller presently has, and will have at the Closing Date, the power
to transfer and deliver the Acquired Shares to the Purchaser in accordance with the terms of this Agreement. The delivery to the
Purchaser of certificates evidencing the transfer of the Acquired Shares pursuant to the provisions of this Agreement will transfer
to the Purchaser good and marketable title thereto, free and clear of all liens, encumbrances, restrictions and claims of any kind.

 

3.1.11   There are
no authorized shares of the Company other than 75,000,000 common shares, and there are 2,590,000 issued and outstanding shares
of the Company. Seller at the Closing Date will have full and valid title to the Acquired Shares, and there will be no existing
impediment or encumbrance to the sale and transfer of the Acquired Shares to the Purchaser; and on delivery to the Purchaser of
the Acquired Shares being sold hereby, all of such Shares shall be free and clear of all liens, encumbrances, charges or assessments
of any kind; such Shares will be legally and validly issued and fully paid and non-assessable shares of the Company’s common
stock; and all such common stock has been issued under duly authorized resolutions of the Board of Directors of the Company.

 

3.1.12   All issuances
of the Company of the Shares in past transactions have been legally and validly effected, without violation of any preemptive rights,
if any existed, and all of such shares of common stock are fully paid and non-assessable.

 

3.1.13   There are no outstanding subscriptions, options,
warrants, convertible securities or rights or commitments of any nature in regard to the Company’s authorized but unissued
common stock or any agreements restricting the transfer of outstanding or authorized but unissued common stock. There are no shareholders
agreements, voting agreements or other similar agreements with respect to the Company’s capital stock to which the Company
is a party or, to the knowledge of the Company, between or among any of the Company’s shareholders.

 

3.1.14   There are
no outstanding judgments, liens or any other security interests filed against the Company or any of its properties.

 

3.1.15   The Company
has no subsidiaries.

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3.1.16   The Company
has no employment contracts or agreements with any of its officers, directors, or with any consultants; and the Company has no
employees or other such parties.

 

3.1.17   The Company
has no insurance or employee benefit plans whatsoever.

 

3.1.18   The Company
is not in default under any contract, or any other document.

 

3.1.19   The Company
has no outstanding powers of attorney and no obligations concerning the performance of the Seller concerning this Agreement.

 

3.1.20   The execution
and delivery of this Agreement, and the subsequent Closing, will not result in the breach by the Company or the Seller of (i) any
agreement or other instrument to which they are or have been a party or (ii) the Company’s Articles of Incorporation or Bylaws.

 

3.1.21   All financial
and other information which the Company and/or the Seller furnished or will furnish to the Purchaser, including information with
regard to the Company and/or the Seller contained in the SEC filings filed by the Company since its inception (i) is true, accurate
and complete as of its date and in all material respects except to the extent such information is superseded by information marked
as such, (ii) does not omit any material fact and is not misleading, and (iii) presents fairly the financial condition of the organization
as of the date and for the period covered thereby.

 

3.1.22   The Company
has a Registration Statement on Form S-1 that went effective on January 18, 2012, and there are no proceedings pending to revoke
or terminate such registration. Since such date, the Company has filed all periodic reports with the Securities and Exchange Commission
pursuant to the Securities Exchange Act of 1934, as amended, including its Quarterly Report on Form 10-Q for the period ended June
30, 2012, and all such reports were filed timely.

 

The representations
and warranties herein by the Seller and the Company shall be true and correct in all material respects on and as of the Closing
Date hereof with the same force and effect as though said representations and warranties had been made on and as of the Closing
Date.

 

The representations
and warranties made above shall survive the Closing Date and shall expire for all purposes in the date numerically corresponding
to the Closing Date in the thirty-sixth month after the Closing Date.

 

3.2. Covenants of the
Seller and the Company.

 

From the date of this
Agreement and until the Closing Date, the Seller and the Company covenant the following:

 

3.2.1   The Seller
will, to the best of his ability, preserve intact the effectiveness of the Company’s Registration Statement on Form S-1.

 

3.2.2   The Seller
will furnish Purchaser with all corporate records and documents, such as Articles of Incorporation and Bylaws, minute books, stock
books, or any other corporate document or record (including financial and bank documents, books and records) requested by the Purchaser.

    	4

    	 

    
 

 

3.2.3   The Company
will not enter into any contract or business transaction, merger or business combination, make any material purchases or acquisitions,
or incur any further debts or obligations without the express written consent of the Purchaser.

 

3.2.4   The Company
will not amend or change its Articles of Incorporation or Bylaws, or issue any further shares or create any other class of shares
in the Company without the express written consent of the Purchaser.

 

3.2.5   The Company
will not issue any stock options, warrants or other rights or interests in or to its shares without the express written consent
of the Purchaser.

 

3.2.6   The Seller
will not encumber or mortgage any right or interest in his Shares being sold to the Purchaser hereunder, and also they will not
transfer any rights to such shares of the common stock to any third party whatsoever.

 

3.2.7   The Company
will not declare any dividend in cash or stock, or any other benefit.

 

3.2.8   The Company
will not institute any bonus, benefit, profit sharing, stock option, pension retirement plan or similar arrangement.

 

3.2.9   At Closing,
the Company and the Seller will obtain and submit to the Purchaser resignations of current officers and directors.

 

3.2.10   The Seller
agrees to indemnify the Purchaser against and to pay any loss, damage, expense or claim or other liability incurred or suffered
by the Purchaser by reason of the breach of any covenant or inaccuracy of any warranty or representation contained in this Agreement.

 

3.2.11 For thirty-six
months after Closing, the Seller agrees to cooperate with the Purchaser and provide the Purchaser and the Company with any documentation
and assistance that they may reasonable require to file Exchange Act on behalf of the Company.

 

3.3   Representations
and Warranties of the Purchaser. The Purchaser hereby makes the following representations and warranties to the Seller:

 

3.3.1   The Purchaser
has the requisite power and authority to enter into and perform this Agreement and to purchase the shares being sold to it hereunder.
The execution, delivery and performance of this Agreement by such Purchaser and the consummation by it of the transactions contemplated
hereby and thereby have been duly authorized by all necessary action, and no further consent or authorization of such Purchaser
is required. This Agreement has been duly authorized, executed and delivered by such Purchaser and constitutes, or shall constitute
when executed and delivered, a valid and binding obligation of such Purchaser enforceable against such Purchaser in accordance
with the terms thereof.

    	5

    	 

    
 

 

3.3.2   The Purchaser
is, and will be at the time of the execution of this Agreement, an “accredited investor”, as such term is defined
in Regulation D promulgated by the Commission under the Securities Act of 1933, as amended (the “1933 Act”), is experienced
in investments and business matters, has made investments of a speculative nature and has purchased securities of United States
publicly-owned companies in the past and, with its representatives, has such knowledge and experience in financial, tax and other
business matters as to enable such Purchaser to utilize the information made available by the Company to evaluate the merits and
risks of and to make an informed investment decision with respect to the proposed purchase, which represents a speculative investment.
The Purchaser has the authority and is duly and legally qualified to purchase and own shares of the Company. The Purchaser is able
to bear the risk of such investment for an indefinite period and to afford a complete loss thereof. The information set forth on
the signature page hereto regarding the Purchaser is accurate.

 

3.3.3   On the Closing
Date, such Purchaser will purchase the Acquired Shares pursuant to the terms of this Agreement for its own account for investment
only and not with a view toward, or for resale in connection with, the public sale or any distribution thereof.

 

3.3.4   The Purchaser
understands and agrees that the Acquired Shares have not been registered under the 1933 Act or any applicable state securities
laws, by reason of their issuance in a transaction that does not require registration under the 1933 Act (based in part on the
accuracy of the representations and warranties of the Purchaser contained herein), and that such Acquired Shares must be held indefinitely
unless a subsequent disposition is registered under the 1933 Act or any applicable state securities laws or is exempt from such
registration. In any event, and subject to compliance with applicable securities laws, the Purchaser may enter into lawful hedging
transactions in the course of hedging the position they assume and the Purchaser may also enter into lawful short positions or
other derivative transactions relating to the Acquired Shares, or interests in the Acquired Shares, and deliver the Acquired Shares,
or interests in the Acquired Shares, to close out their short or other positions or otherwise settle other transactions, or loan
or pledge the Acquired Shares, or interests in the Acquired Shares, to third parties who in turn may dispose of these Acquired
Shares.

 

3.3.5   The
Acquired Shares shall bear the following or similar legend:

 

“THE
ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, NOR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN
THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B)
AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT
REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE
SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

    	6

    	 

    
 

 

3.3.6   The offer
to sell the Acquired Shares was directly communicated to the Purchaser by the Company. At no time was the Purchaser presented with
or solicited by any leaflet, newspaper or magazine article, radio or television advertisement, or any other form of general advertising
or solicited or invited to attend a promotional meeting otherwise than in connection and concurrently with such communicated offer.

 

3.3.7   Such Purchaser
represents that the foregoing representations and warranties are true and correct as of the date hereof and, unless such Purchaser
otherwise notifies the Company prior to the Closing Date shall be true and correct as of the Closing Date.

 

3.3.8   The foregoing
representations and warranties shall survive the Closing Date and for a period of one year thereafter.

 

Section
4. Miscellaneous 

 

4.1. Expenses.

 

Each of the Parties
shall bear his own expenses in connection with the transactions contemplated by this Agreement.

 

4.2. Governing Law.

 

The interpretation
and construction of this Agreement, and all matters relating hereto, shall be governed by the laws of the State of Nevada applicable
to agreements executed and to be wholly performed solely within such state.

 

4.3. Resignation of
Old and Appointment of New Board of Directors and Officers.

 

The Company and the
Seller shall take such corporate action(s) required by the Company’s Articles of Incorporation and/or Bylaws to (a) appoint
the below named persons to their respective positions, to be effective on the eleventh day following the Closing Date, and (b)
obtain and submit to the Purchaser, together with all required corporate action(s) the resignation of the current board of directors,
and any and all corporate officers and check signers as of the Closing Date.

 

	Name	Position
	Trevor Robertson	Director, President, CFO and CEO

 

4.4. Disclosure.

 

The Seller and the
Company agree that they will not make any public comments, statements, or communications with respect to, or otherwise disclose
the execution of this Agreement or the terms and conditions of the transactions contemplated by this Agreement without the prior
written consent of the Purchaser, which consent shall not be unreasonably withheld.

 

    	7

    	 

    
 

 

4.5. Notices.

 

Any notice or other
communication required or permitted under this Agreement shall be sufficiently given if delivered in person or sent by facsimile
or by overnight registered mail, postage prepaid, addressed as follows:

 

 

If to Seller, to:

 

Andro Gvichiya

 

If to the Company:

 

Licont, Corp.

c/o Anslow & Jaclin, LLP

195 Route 9, Suite 204

Manalapan, NJ 07726

 

With a copy to (which
shall not constitute notice):

 

Anslow & Jaclin,
LLP

195 Route 9, Suite
204

Manalapan, NJ 07726

 

If to the Purchaser, to:

 

Trevor Robertson

c/o Anslow & Jaclin, LLP

195 Route 9, Suite 204

Manalapan, NJ 07726

 

 

Or such other address
or number as shall be furnished in writing by any such Party, and such notice or communication shall, if properly addressed, be
deemed to have been given as of the date so delivered or sent by facsimile.

 

4.6. Parties in Interest.

 

This Agreement may
not be transferred, assigned or pledged by any Party hereto, other than by operation of law. This Agreement shall be binding upon
and shall inure to the benefit of the Parties hereto and their respective heirs, executors, administrators, successors and permitted
assigns.

 

4.7. Entire Agreement.

 

This Agreement and
the other documents referred to herein contain the entire understanding of the Parties hereto with respect to the subject matter
contained herein. This Agreement shall supersede all prior agreements and understandings between the Parties with respect to the
transactions contemplated herein.

 

4.8. Amendments.

 

This Agreement may
not be amended or modified orally, but only by an agreement in writing signed by the Parties.

    	8

    	 

    
 

 

4.9. Severability.

 

In case any provision
in this Agreement shall be held invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions
hereof will not in any way be affected or impaired thereby.

 

4.10. Counterparts.

 

This Agreement may
be executed in any number of counterparts, including counterparts transmitted by telecopier, PDF or facsimile transmission, any
one of which shall constitute an original of this Agreement. When counterparts of copies have been executed by all parties, they
shall have the same effect as if the signatures to each counterpart or copy were upon the same document and copies of such documents
shall be deemed valid as originals. The Parties agree that all such signatures may be transferred to a single document upon the
request of any Party.

 

 

[-signature page follows-]

 

 

 

    	9

    	 

    

 

In
Witness Whereof, each of the Parties hereto has caused its/his name to be hereunto subscribed as of the day and year
first above written.

 

	 	Company:	 
	 	 	 	 
	 	LICONT, CORP.	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Andro Gvichiya	 
	 	Name:	Andro Gvichiya	 
	 	Title:	Chief Executive Officer	 
	 	 	 	 
	 	 	 	 
	 	Seller:	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Andro Gvichiya	 
	 	Name:	Andro Gvichiya, Individually	 
	 	 	 	 
	 	 	 	 
	 	Purchaser:	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Trevor Robertson	 
	 	Name:	Trevor Robertson	 

 

 

 

 

 

    	10

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