Document:

Exhibit 10.8 

 

PRIVATE PLACEMENT PURCHASE AGREEMENT

 

This Private Placement Purchase Agreement
(this “Agreement”), dated as of                 
     , 2013, is made and entered into by and between Global Defense & National Security Systems,
Inc., a Delaware corporation (the “Company”), and Global Defense & National Security Holdings LLC
(“Buyer”). Buyer and the Company are collectively referred to herein as the “Parties.”

 

RECITALS: 

 

WHEREAS, Buyer wishes to purchase
from the Company 585,000 shares (the “Shares”) of the Company’s common stock, par value $0.0001
per share, subject to adjustment as provided in Section 2.3 of this Agreement (the “Common Stock”);

 

WHEREAS, in connection with the
Company’s consummation of a Business Combination (as defined below), Buyer wishes to purchase the Share from the Company
and the Company wishes to sell the Shares to Buyer on the terms and subject to the conditions set forth in this Agreement;

 

WHEREAS, this Agreement is integral
to the completion of the Company’s initial public offering (the “IPO”) in which Cowen and Company,
LLC, Maxim Group LLC, and I-Bankers Securities, Inc. are acting as underwriters (collectively, the “Underwriters”);
and

 

NOW, THEREFORE, in consideration
of the premises, representations, warranties and mutual covenants contained in this Agreement, and for other good and valuable
consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the Parties hereto agree as follows:

 

ARTICLE I. 

DEFINITIONS 

 

The terms defined in this ARTICLE I
shall have for all purposes of this Agreement the respective meanings set forth below:

 

“Business Combination”
means the Company’s initial acquisition of one or more operating businesses or assets through a merger, capital stock exchange,
asset or stock acquisition, exchangeable share transaction or other similar business combination that shall have an aggregate fair
market value of at least 80% of the Company’s net assets (excluding deferred underwriting discounts and commissions) at the
time of such business combination, and pursuant to which a majority of the shares of Common Stock issued in the IPO are voted in
favor of the acquisition and the Company has net tangible assets of at least $5,000,001 upon such consummation (as described in
the Registration Statement).

 

“Buyer” has the
meaning set forth in the preamble to this Agreement.

 

“Closing” has
the meaning set forth in Section 2.4 of this Agreement.

 

“Closing Date”
has the meaning set forth in Section 2.4 of this Agreement.

 

“Common Stock”
has the meaning set forth in the recitals to this Agreement.

 

“Company” has
the meaning set forth in the preamble to this Agreement.

 

“Consent” means
any consent, approval, notification, waiver, or other similar action that is necessary or convenient.

 

“Governmental Body”
means any legislature, agency, bureau, branch, department, division, commission, court, tribunal or other similar reorganized organization
or body of any federal, state, county, municipal, local or foreign government or other similar recognized organization or body
exercising similar powers or authority.

 

“Insider Letter”
means that certain letter agreement entered into by the Company and the Buyer, dated [●].

 

“IPO” has the
meaning set forth in the recitals to this Agreement.

 

“Law” means any
law (statutory, common or otherwise), constitution, ordinance, rule, regulation, executive order or other similar authority enacted,
adopted, promulgated or applied by any Governmental Body.

 

    	 

    	 

    

 

“Lien” means
a mortgage, deed of trust, pledge, hypothecation, assignment, encumbrance, charge, restriction, lien (statutory or otherwise, including,
without limitation, any lien for taxes), security interest, preference, participation interest, priority or security agreement
or preferential arrangement of any kind or nature whatsoever, including, without limitation, any conditional sale or other title
retention agreement, any financing lease having substantially the same economic effect as any of the foregoing and the filing of
any document under the law of any applicable jurisdiction to evidence any of the foregoing, other than (i) statutory, mechanics’
or other Liens incurred in the Company’s ordinary course of business or (ii) Liens for taxes incurred but not yet due.

 

“Lockup Period”
has the meaning set forth in Section 5.2(a) of this Agreement.

 

“Order” means
an order, ruling, decision, award, judgment, injunction or other similar determination or finding by, before or under the supervision
of any Governmental Body or arbitrator.

 

“Parties” has
the meaning set forth in the preamble to this Agreement.

 

“Per Share Price”
has the meaning set forth in Section 2.2 of this Agreement.

 

“Permit” means
a permit, license, certificate, waiver, notice or similar authorization to which Buyer is a party or by which Buyer is bound or
any of its assets are subject.

 

“Permitted Assignees”
has the meaning set forth in Section 5.1 of this Agreement.

 

“Purchase Price”
has the meaning set forth in Section 2.2 of this Agreement.

 

“Registration Statement”
means the registration statement on Form S-1, File No. 333-191195, as amended, relating to the IPO.

 

“Rule 144” has
the meaning set forth in Section 3.1(d) of this Agreement.

 

“SEC” means the
United States Securities and Exchange Commission.

 

“Securities Act”
means the United States Securities Act of 1933, as amended, or any successor federal statute, and the applicable rules and regulations
promulgated and in effect from time to time thereunder.

 

“Underwriters”
has the meaning set forth in the recitals to this Agreement.

 

ARTICLE II 

PURCHASE OF COMMON STOCK 

 

Section 2.1 Purchase and Sale of
the Shares. Subject to the terms and conditions hereof and in reliance upon the representations and warranties of the Parties
contained herein, on the Closing Date, the Company shall sell and deliver to Buyer, and Buyer shall purchase from the Company,
the Shares, in consideration of the payment of the Purchase Price noted herein.

 

Section 2.2 Purchase Price.
As payment in full for the Shares being purchased under this Agreement and against delivery of the certificates therefor, on the
Closing Date, Buyer or its Permitted Assignees shall pay $10.00 per share (the “Per Share Price”), for
an aggregate amount of $5,850,000 (the “Purchase Price”), to the Company by wire transfer of immediately
available funds to the account specified by the Company to Buyer.

 

Section 2.3 Adjustments.

 

(a) If after the date hereof, and subject
to the provisions of Section 2.3(d) below, the number of outstanding shares of Common Stock is increased by a stock dividend payable
in shares of Common Stock, or by a split-up of shares of Common Stock, or other similar event, then, on the effective date of such
stock dividend, split-up or similar event, the number of Shares shall be increased in proportion to such increase in outstanding
shares of Common Stock.

 

(b) If after the date hereof, and subject
to the provisions of Section 2.3(d) below, the number of outstanding shares of Common Stock is decreased by a consolidation, combination,
reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the effective date of such consolidation,
combination, reverse stock split, reclassification or similar event, the number of Shares shall be decreased in proportion to such
decrease in outstanding shares of Common Stock.

 

    	 

    	 

    

 

(c) Upon the occurrence of any event specified
in Sections 2.3(a) or 2.3(b), then, in any such event, the Company shall give written notice to the Buyer, of the record date or
the effective date of the event. Failure to give such notice, or any defect therein, shall not affect the legality or validity
of such event.

 

(d) If, by reason of any adjustment made
pursuant to this Section 2.3, the Shares to be purchased pursuant to this Agreement shall include a fractional interest in a Share,
the number of Shares to be purchased pursuant to this Agreement shall be rounded up or down to the nearest whole number.

 

Section 2.4 Closing. The closing
of the purchase and sale of the Shares (the “Closing”) shall be held at the offices of Skadden, Arps,
Slate, Meagher & Flom LLP, 525 University Avenue, Suite 1400, Palo Alto, California 94301, or such other place as may be
agreed upon by the Parties hereto, concurrently with the closing of the IPO on the day on which the IPO closes (the “Closing
Date”).

 

Section 2.5 Closing Deliveries.
All actions taken at the Closing shall be deemed to have been taken simultaneously.

 

(a) Buyer Deliveries.
At the Closing, Buyer shall deliver to the Company the Purchase Price and, if applicable, any counterpart signature pages to this
Agreement executed by any Permitted Assignees pursuant to Section 5.1 hereof.

 

(b) Company Deliveries.
At the Closing, the Company shall deliver to Buyer and, if applicable, any Permitted Assignees, the certificates representing the
Shares.

 

Section 2.6 Conditions Precedent
to the Obligations of Buyer and the Company. Each of Buyer’s and the Company’s obligation to consummate the Closing
is subject to the Company’s consummation of the IPO.

 

Section 2.7 Further Assurances.
The Parties hereto shall execute and deliver such additional documents and take such additional actions as any party reasonably
may deem to be practical and necessary in order to consummate the transactions contemplated by this Agreement.

 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF THE
BUYER 

 

Buyer represents and warrants to the Company
that the statements contained in this ARTICLE III are correct and complete as of the date of this Agreement.

 

Section 3.1 Investment Representations.
In connection with the purchase of the Shares, Buyer represents to the Company the following:

 

(a) Buyer has been furnished
with all materials relating to the Company’s business affairs and financial condition and materials related to the offer
and sale of the Shares that have been requested by Buyer and has acquired sufficient information about the Company to reach an
informed and knowledgeable decision to acquire the Shares. Buyer has been afforded the opportunity to ask questions of the executive
officer and directors of the Company. Buyer understands that its investment in the Shares involves a high degree of risk. Buyer
has sought such accounting, legal and tax advice as Buyer has considered necessary to make an informed investment decision with
respect to Buyer’s acquisition of the Shares. Buyer has such knowledge and expertise in financial and business matters, knows
of the high degree of risk associated with investments generally and particularly investments in the securities of companies in
the development stage such as the Company, is capable of evaluating the merits and risks of an investment in the Shares, and is
able to bear the economic risk of an investment in the Shares in the amount contemplated hereunder. Buyer has adequate means of
providing for its current financial needs and contingencies and will have no current or anticipated future needs for liquidity
which would be jeopardized by the investment in the Shares. Buyer is purchasing the Shares for investment for Buyer’s own
account only and not with a view to, or for resale in connection with, any “distribution” thereof within the meaning
of the Securities Act. Buyer understands that the Company is a blank check development stage company recently formed for the purpose
of consummating the Business Combination and understands that there is no assurance as to the future performance of the Company
and that the Company may never effectuate the Business Combination.

 

(b) Buyer understands that the
Shares have not been registered under the Securities Act or any state securities law by reason of a specific exemption therefrom,
and that the Company is relying on the truth and accuracy of, and Buyer’s compliance with, the representations and warranties
and agreements of Buyer set forth herein to determine the availability of such exemptions and the eligibility of Buyer to acquire
such Shares, including, but not limited to, the bona fide nature of Buyer’s investment intent as expressed herein.

 

    	 

    	 

    

 

(c) Buyer further acknowledges
and understands that the Shares must be held indefinitely unless the Shares are subsequently registered under the Securities Act
or an exemption from such registration is available. Buyer understands that the certificates evidencing the Shares will be imprinted
with a legend which prohibits the transfer of the Shares (i) unless the Shares are registered or such registration is not required
in the opinion of counsel for the Company and (ii) until 30 days after the completion of the Business Combination.

 

(d) Buyer is familiar with the
provisions of Rule 144 under the Securities Act, as in effect from time to time (“Rule 144”), which,
in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer
thereof (or from an affiliate of such issuer), in a non-public offering subject to the satisfaction of certain conditions. Unless
the Company registers the Shares under the Securities Act, the Shares may be resold by Buyer only in certain limited circumstances
subject to the provisions of Rule 144, which requires, among other things: (i) the availability of certain public information
about the Company and (ii) the resale occurring following the required holding period under Rule 144 after Buyer has purchased,
and made full payment of (within the meaning of Rule 144), the securities to be sold.

 

(e) Buyer further understands
that at the time Buyer wishes to sell the Shares there may be no public market upon which to make such a sale, and that, even if
such a public market then exists, the Company may not be satisfying the current public information requirements of Rule 144, and
that, in such event, Buyer would be precluded from selling the Shares under Rule 144 even if the minimum holding period requirement
had been satisfied. Notwithstanding Sections 3.1(d) and (e) hereof, Buyer understands that it may be considered a promoter
of the Company and understands that it is the position of the SEC that promoters or affiliates of a blank check company and their
transferees, both before and after the Business Combination, would act as an “underwriter” under the Act when reselling
the securities of a blank check company. Accordingly, the SEC believes that those securities can be resold only through a registered
offering and that Rule 144 would not be available for those resale transactions despite technical compliance with the requirements
of Rule 144.

 

(f) Buyer represents that Buyer
is an “accredited investor” as that term is defined in Rule 501 of Regulation D promulgated by the SEC under the Securities
Act.

 

(g) Buyer has all necessary
power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement has been
duly executed and delivered by Buyer. Subject to the terms and conditions of this Agreement, this Agreement constitutes the valid,
binding and enforceable obligation of Buyer, enforceable in accordance with its terms, except as enforceability may be limited
by (i) applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or similar laws of general application
now or hereafter in effect affecting the rights and remedies of creditors and by general principles of equity (regardless of whether
enforcement is sought in a proceeding at law or in equity); and (ii) the applicability of the federal and state securities
laws and public policy as to the enforceability of the indemnification provisions of this Agreement. The purchase by Buyer of the
Shares does not conflict with any material contract by which Buyer or its property is bound, or any laws or regulations or decree,
ruling or judgment of any court applicable to Buyer or its property. The principal place of business of Buyer is as set forth on
the signature page hereto.

 

(h) Buyer did not decide to
enter into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule 502(c) of the
Securities Act.

 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF THE
COMPANY 

 

Section 4.1 Company Representations
and Warranties. The Company hereby represents and warrants to Buyer that the Company has all necessary corporate power and
authority to enter into this Agreement and to consummate the transactions contemplated hereby. All corporate action necessary to
be taken by the Company to authorize the execution, delivery and performance of this Agreement and all other agreements and instruments
delivered by the Company in connection with the transactions contemplated hereby has been duly and validly taken and this Agreement
has been duly executed and delivered by the Company. Subject to the terms and conditions of this Agreement, this Agreement constitutes
the valid, binding and enforceable obligation of the Company, enforceable in accordance with its terms, except as enforceability
may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or similar laws of
general application now or hereafter in effect affecting the rights and remedies of creditors and by general principles of equity
(regardless of whether enforcement is sought in a proceeding at law or in equity); and (ii) the applicability of the federal
and state securities laws and public policy as to the enforceability of the indemnification provisions of this Agreement. The sale
by the Company of the Shares does not conflict with the amended and restated certificate of incorporation or by-laws of the Company
or any material contract by which the Company or its property is bound, or any federal or state laws or regulations or decree,
ruling or judgment of any United States or state court applicable to the Company or its property.

 

    	 

    	 

    

 

Section 4.2 Power and Authority;
Enforceability. This Agreement constitutes the legal, valid, and binding obligation of the Company, enforceable against the
Company in accordance with its terms. The Company has full power and authority to execute and deliver this Agreement and to perform
its obligations hereunder. The Company has taken all actions necessary to authorize the execution and delivery of this Agreement,
the performance of its obligations hereunder, and the consummation of the transactions contemplated hereby. This Agreement has
been duly authorized, executed, and delivered by, and is enforceable against, the Company.

 

Section 4.3 No Violation; Necessary
Approvals. Neither the execution and delivery of this Agreement by the Company, nor the consummation or performance by the
Company of any of transactions contemplated hereby, will: (a) with or without notice or lapse of time, constitute, create
or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation
required under any Law, Order, contract or Permit to which the Company is a party or by which it is bound or any of its assets
are subject, or any provision of the Company’s organizational documents as in effect on the Closing Date, (b) result
in the imposition of any Lien, claim or encumbrance upon any assets owned by the Company; (c) require any Consent under any
contract or organizational document to which the Company is a party or by which it is bound; or (d) require any Permit under
any Law or Order other than (i) required filings, if any, with the SEC and (ii) notifications or other filings with state
or federal regulatory agencies after the Closing that are necessary or convenient and do not require approval of the agency as
a condition to the validity of the transactions contemplated hereunder; or (e) trigger any rights of first refusal, preferential
purchase or similar rights with respect to any of the Shares.

 

ARTICLE V 

ASSIGNMENT AND TRANSFER 

 

Section 5.1 Assignment by Buyer.
Notwithstanding anything herein to the contrary, from the date hereof until the Closing Date, Buyer may assign to any of its affiliates
(collectively, the “Permitted Assignees”), the right to purchase any portion of the Shares (the “Assigned
Shares”). In the event of such an assignment, such Permitted Assignees will assume Buyer’s obligations under
this Agreement in regards to the Assigned Shares. Each Permitted Assignee will pay to the Company at the Closing an amount equal
to the product of the Per Share Price and the number of Assigned Shares to be purchased by such Permitted Assignee, and will be
bound by the restrictions imposed on the Assigned Shares by this Agreement, including the restrictions set forth in Section 5.2
hereof. Each Permitted Assignee will execute a counterpart signature page to this Agreement, agreeing to be bound by the provisions
of this ARTICLE V. At the Closing, the Company will deliver to such Permitted Assignees the certificates representing the
Assigned Shares.

 

Section 5.2 Transfer Restrictions.

 

(a) Buyer shall not sell,
offer to sell, contract or agree to sell, assign, hypothecate, pledge, donate, encumber, grant any option to purchase or otherwise
dispose of any interest in the Shares until after 30 days from the consummation of the Business Combination (the “Lockup
Period”) .

 

(b) Notwithstanding the
foregoing, Buyer may transfer any of the Shares (i) to any member of Buyer (the “Member”), (ii) by gift
to a member of the Member’s immediate family for estate planning purposes or to a trust, the beneficiary of which is the
Buyer or a member of the Member’s immediate family, (iii) if the Member is not a natural person, by gift to a member
of the immediate family of such Member’s controlling person for estate planning purposes or to a trust, the beneficiary of
which is such Buyer’s controlling person or a member of the immediate family of such Member’s controlling person, (iv) by
virtue of the laws of descent and distribution upon death of the Member, or (v) pursuant to a qualified domestic relations
order; provided, however, that such permitted transfers may be implemented only upon the respective transferee’s written
agreement to be bound by the terms and conditions of this Agreement and of the Insider Letter signed by such Buyer transferring
such Shares and such other documents as the Company may reasonably require. During the Lockup Period, no Buyer shall pledge or
grant a security interest in such Buyer’s Shares or grant a security interest in such Buyer’s rights under this Agreement.

 

ARTICLE VI 

MISCELLANEOUS 

 

Section 6.1 Notices. All notices
required or permitted hereunder shall be in writing and shall be deemed effectively given: (i) upon personal delivery to the
party to be notified, (ii) when sent by confirmed facsimile if sent during normal business hours of the recipient, and if
not during normal business hours of the recipient, then on the next business day, (iii) five calendar days after having been
sent by registered or certified mail, return receipt requested, postage prepaid, (iv) when sent by email with confirmation of receipt
from the party to be notified or (v) one business day after deposit with a nationally recognized overnight courier, specifying
next day delivery, with written verification of receipt. All communications shall be sent to a party hereto at such party’s
address hereinafter set forth on the signature page hereof.

 

    	 

    	 

    

 

Section 6.2 Successors and Assigns.
This Agreement shall inure to the benefit of the successors and assigns of the Company and, subject to the restrictions on transfer
herein set forth, shall be binding upon Buyer and Buyer’s successors and assigns.

 

 Section 6.3 Attorneys’
Fees; Specific Performance. Buyer shall reimburse the Company for all costs incurred by the Company in enforcing the performance
of, or protecting its rights under, any part of this Agreement, including reasonable costs of investigation and attorneys’
fees.

 

Section 6.4 Governing Law; Venue.
This Letter 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). Each of the Company and the undersigned hereby
(i) agrees that any action, proceeding or claim against him or it arising out of or relating in any way to this letter 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 irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection
to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

Section 6.5 Further Execution.
The Parties agree to take all such further action(s) as may reasonably be necessary to carry out and consummate this Agreement
as soon as practicable, and to take whatever steps may be necessary to obtain any governmental approval in connection with or otherwise
qualify the issuance of the securities that are the subject of this Agreement.

 

Section 6.6 Independent Counsel.
Buyer acknowledges that this Agreement has been prepared on behalf of the Company by Skadden, Arps, Slate, Meagher & Flom
LLP, counsel to the Company and that Skadden, Arps, Slate, Meagher & Flom LLP does not represent, and is not acting on
behalf of, Buyer. Buyer has been provided with an opportunity to consult with Buyer’s own counsel with respect to this Agreement.

 

Section 6.7 Entire Agreement; Amendment.
This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes and
merges all prior agreements or understandings, whether written or oral. This Agreement may not be amended, modified or revoked,
in whole or in part, except by an agreement in writing signed by each of the Parties hereto.

 

Section 6.8 Severability. If
one or more provisions of this Agreement are held to be unenforceable under applicable law, the Parties agree to renegotiate such
provision in good faith. In the event that the Parties cannot reach a mutually agreeable and enforceable replacement for such provision,
then (i) such provision shall be excluded from this Agreement, (ii) the balance of the Agreement shall be interpreted
as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its terms.

 

Section 6.9 Counterparts. This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall
constitute one instrument. This Agreement or any counterpart may be executed via facsimile or electronic mail transmission, and
any such executed facsimile or electronic mail copy shall be treated as an original.

 

Section 6.10 Survival. The
representations and warranties contained herein will survive the delivery of, and the payment for, the Shares.

 

Section 6.11 Waiver of Jury Trial.
Each party hereto hereby irrevocably and unconditionally waives the right to a trial by jury in any action, suit, counterclaim
or other proceeding (whether based on contract, tort or otherwise) arising out of, connected with or relating to this Agreement,
the transactions contemplated hereby, or the actions of Purchaser in the negotiation, administration, performance or enforcement
hereof.

 

[Signature page follows]

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the undersigned have executed this Agreement to be effective as of the date first set forth above.

 

 

	COMPANY:
	 
	GLOBAL DEFENSE & NATIONAL SECURITY SYSTEMS, INC.
	 	 
	By:	 	
 

	Name:	 	 
	Title:	 	 
	 
	Address:
	 	 	11921 Freedom Drive, Suite 550
	 	 	Two Fountain Square
	 	 	Reston, Virginia 20190
	 
	 
	BUYER:
	 
	GLOBAL DEFENSE & NATIONAL SECURITY HOLDINGS LLC
	 	 
	By:	 	
 

	Name:	 	 
	Title:	 	 
	 
	Address:
	 	 	11921 Freedom Drive, Suite 550
	 	 	Two Fountain Square
	 	 	Reston, Virginia 20190

  

 

[Signature Page to Private Placement
Purchase Agreement]Exhibit
10.9

 

FORM OF

RIGHT OF FIRST REFUSAL AND

CORPORATE OPPORTUNITIES AGREEMENT

 

THIS RIGHT OF FIRST REFUSAL AND CORPORATE
OPPORTUNITIES AGREEMENT (this “Agreement”) is made as of      , 2013 by and among Global Defense & National
Security Systems, Inc., a Delaware corporation (the “Company”), and Global Integrated Security (USA) Inc., a
Delaware corporation (“GIS”), in connection with the Company’s proposed public offering of shares of common
stock, par value $0.0001 per share (the “Shares”), pursuant to a registration statement on Form S-1, filed by
the Company with the Securities and Exchange Commission (as amended, the “Registration Statement”).

 

RECITALS

 

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

 

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

 

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

 

WHEREAS, the Company and GIS each believes
it is in their best interests to clarify any potential Business Transaction and investment opportunities for which each party shall
have the right of first refusal.

 

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

 

1.      Right
of First Refusal.

 

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

 

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

 

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

 

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

 

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

 

    	 

    	 

    

 

Exhibit
10.9

 

 

2.      Term.
This Agreement shall become effective on its execution and shall remain in effect for a period to expire upon the earlier of: (i) the
consummation by the Company of a Business Transaction or (ii) 21 months from the closing of the Company's initial public offering.

 

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

 

To the Company:

 

Global Defense & National Security Systems, Inc.

11921 Freedom Drive, Suite 550

Two Fountain Square

Reston, Virginia 20190

Attn:  Dale R. Davis

 

with copies to (which shall not constitute notice):

 

Skadden, Arps, Slate, Meagher & Flom LLP

525 University Avenue, Suite 1400

Palo Alto, California 94301

Attn: Gregg A. Noel

 

If to GIS:

 

Global Integrated Security (USA), Inc.

1775 Wiehle Avenue, Suite 103

Reston, Virginia 20190

Attn: Mike Roberts 

 

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

 

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

 

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

 

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

 

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

 

    	 

    	 

    

 

Exhibit
10.9

 

 

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

 

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

 

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

 

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

 

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

 

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

 

 [Signature
Page Follows]

 

    	 

    	 

    

 

Exhibit
10.9

 

 

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

 

	 	GLOBAL DEFENSE & NATIONAL SECURITY SYSTEMS, INC.
	 	 
	 	By:	 
	 	 	Name:  
	 	 	Title:   
	 	 
	 	GLOBAL INTEGRATED SECURITY (USA) INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00222-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00222-of-00352.parquet"}]]