Document:

Exhibit 10.1

 

AGREEMENT FOR THE
PURCHASE AND SALE OF LIMITED LIABILITY COMPANY INTERESTS OF GENRESULTS, LLC

 

This Agreement
for the Purchase and Sale of Limited Liability Company Interests ("Agreement") is made as of April 12, 2019, between
David G. Jemmett and Jemmett Enterprises, LLC, an Arizona limited liability company (collectively, the "Seller")
and Cerberus Cyber Sentinel Corporation, a Delaware corporation (the "Purchaser”).

 

WHEREAS,
Seller is the owner of 100% of the legal and beneficial equity interests (the “Equity Interests”) in GenResults,
LLC, an Arizona limited liability company (the "Company");

 

WHEREAS,
Seller desires to sell and Purchaser desires to purchase the Equity Interests, currently owned by
Seller.

 

NOW, THEREFORE, the
parties hereto agree as follows: Section 1.Purchase and Sale.

1.1              
Pursuant to the terms and conditions of this Agreement, Seller hereby agrees to sell to Purchaser,
and Purchaser hereby agrees to purchase from Seller, the Equity Interests.

 

1.2              
In consideration of the Equity Interests at the Closing Purchaser shall issue to Seller One
Million (1,000,000) shares of Purchaser’s common stock (the "Purchase Price").

 

Section 2.Closing.

 

2.1              
The closing shall take place, subject to the conditions set forth in Section 2.2 hereof
at 10:00 A.M. on April 12, 2019 (“Closing”), at the offices of the Company or such other time or place as the
parties hereto may mutually agree.

 

2.2              
All profits and liabilities of Seller through and including close of business on the Effective
Date (as hereinafter defined) shall accrue to Seller, and thereafter shall be for the account of Purchaser. All prorations to be
made hereunder will be made as of the close of business on the Effective Date.

 

2.2              
The obligation of the Seller to sell the Equity Interests, and the obligation of the Purchaser
to purchase the Equity Interests, is subject to the conditions set forth below being complied with to the satisfaction of, or waived
by, the Seller or the Purchaser, as the case may be, on or before the Closing.

 

2.2.1                     
Delivery of Equity Interests.The Seller shall deliver to Purchaser evidence satisfactory
to Purchaser transferring the Equity Interests to Purchaser.

 

2.2.2                     
Delivery of Purchase Price. The Seller shall have received the Purchase Price, as evidenced
by stock certificates or ledger entry.

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2.2.3                     
Representations of Warranties. The representations and warranties of Seller contained
in this Agreement shall be true and correct as of the Closing.

 

2.2.4                     
Purchasers Representations and Warranties. The representations and warranties of the
Purchaser contained in this Agreement shall be true and correct as of the Closing.

 

Section 3.Seller’s Representations and Warranties.

 

Seller represents and warrants to Purchaser that:

 

3.1                              
Organization, Good Standing, etc. The Company is a limited liability company duly organized
and validly existing and in good standing under the laws of the State of Arizona and is duly qualified to do business, and is in
good standing, in every jurisdiction in which the nature of its business requires it to be so qualified. The Company has all requisite
corporate power and authority to carry on its business as now conducted. The equity interests in the Company are not now, and have
never been, certificated.

 

3.2                              
No Conflict. The execution, delivery and performance by the Seller of this Agreement
will not conflict with or result in the breach of or constitute a default under any other agreement or instrument to which the
Company is a part of which it or its property may be bound, or result in the creation of any lien thereunder.

 

3.3                              
Authorization. This Agreement has been duly authorized, executed and delivered by the
Seller.

 

3.4                              
No Violation. The execution, delivery or performance by the Seller of this Agreement
does not contravene any law, regulation, order or judgment applicable to or binding on the Seller, and will not result in a breach
of, or constitute a default under, or contravene any provisions of, any agreement to which the Seller is a party or by which he
is bound.

 

3.5                              
No Consents or Approvals. Neither the execution, delivery or performance by the Seller
of this Agreement requires the consent or approval of, the giving of notice to, the registration with, the recording or filing
of any documents with, or the taking of any other action in respect of, any federal, state or local governmental commission, authority,
agency or body.

 

3.6                              
Equity Interests. Seller is the lawful owner, of record and beneficially, of the Equity
Interests and has good and merchantable title thereto, free and clear of all liens, encumbrances, options, charges, equities and
claims of any kind whatsoever, and he has full right and legal capacity to transfer and sell the Equity Interests to the Purchaser
under the terms and conditions contained herein and that upon Closing under this Agreement the Equity Interests the Purchaser will
own legal and equitable title to the Equity Interests, free and clear of all liens, encumbrances, charges options, equities and
claims of any kind. The Equity Interests represent all of the issued and outstanding equity interests of the Company.

 

3.7                              
Financial Statements. The Company’s unaudited financial statements as of December
31, 2018, and the Company’s unaudited financial statements for the period ending March 31, 2019 (the “Effective
Date”), which have been delivered to Purchaser, have been prepared by Seller’s

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management in accordance with
generally accepted accounting principles applied on a consistent basis and fairly present the financial condition of the Company
as at such date and the result of its operations and the changes in financial position for the period then ended. There have been
no material adverse changes in the condition or operations, financial or otherwise, of the Company since March 31, 2019. The net
equity value of the Company, as reflected on the Company’s financial statements, as of the Effective Date is $10,000.

 

3.8                              
Tax Returns. All appropriate federal, state and local income tax returns which are
required to have been filed for all of the Company’s taxable periods either have been filed or timely extensions obtained.
All taxes as shown on said returns have been paid when due. The Seller knows of no proposed material tax assessment against the
Company, or of any penalty, charge, or amounts owning to taxing authorities by the Company.

 

3.9                              
Litigation. There are no actions, suits or proceedings pending or, to the knowledge
of the Seller, threatened against or affecting the Company, at law or in equity, or before any governmental board, agency or instrumentality
or any arbitrator. The Company is not in default with respect to any material order, writ, injunction or decree of any court or
governmental board, agency or other instrumentality.

 

3.10                       
Accuracy of Information Provided to Purchaser. No written information, exhibit, financial
statement, document, book, record or report prepared by the Company or Seller, which has been, is or to be furnished by the Company
or Seller to Purchaser in connection with the transactions described in this Agreement is or shall be inaccurate in any material
respect as of the date it is or shall be dated or (except as otherwise disclosed to Purchaser) at such time as of the date so furnished,
or contains or shall contain any material misstatement of fact.

 

3.11                       
Licenses. The Company possesses all licenses, permits, franchises, patents, copyrights,
trademarks, and trade names, or rights thereto, necessary to conduct its business substantially as now conducted and as presently
proposed to be conducted, and the Company is not in violation of any valid rights of others with respect to any of the foregoing.

 

3.12                       
ERISA. The Company is in compliance in all material respects with all laws, rules,
regulations and orders of any governmental authority, including without limitation the Employee Retirement Income Security Act
of 1974 ("ERISA") to the extent applicable to it and has received no notice to the contrary from the Pension Benefit
Guaranty Corporation ("PBGC") or any other governmental entity, authority or agency.

 

3.13                       
Material Liability. There are no liabilities of the Company, fixed or contingent, which
are material but are not reflected in the financial statements or in the notes thereto, other than liabilities arising in the ordinary
course of business since March 31, 2019.

 

3.14                       
Other Agreements. The Company is not a party to any indenture, loan, or credit agreement,
or to any lease or other agreement or instrument, or subject to any charter or corporate restriction which could have a material
adverse effect on the business, properties, assets, operations, or conditions, financial or otherwise, of the Company. The Company
is not in default in any material respect in the performance, observance, or fulfillment of any of the obligations, covenants,
or conditions contained in any agreement or instrument to which it is a party.

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3.15                       
Ownership and Liens. The Company has title to, or valid leasehold interests in, all
of its properties and assets, real and personal, including the properties and assets and leasehold interest reflected in the financial
statements referred to in Section 3.7 (other than any properties or assets disposed of in the ordinary course of business), and
none of the properties and assets owned by the Company and none of its leasehold interests are subject to any lien, mortgage, pledge,
security interest, or other charge or encumbrance of any kind.

 

Section 4.Purchaser’s Representation and Warranties.

 

The Purchaser represents and warrants to the Seller that:

 

4.1.                           
No Violation. The execution, delivery or performance by
the Purchaser of this Agreement does not contravene any law, regulation order or judgment applicable to or binding on the Purchaser
and will not result in a breach of, or constitute a default, or contravene any provision of, any agreement to which Purchaser is
a party or by which he is bound.

 

4.2.                           
No Consents or Approvals. Neither the execution, delivery or performance by the Purchaser
of this Agreement requires the consent or approval of, the giving of notice to, the registration with, the recording or filing
of any documents with, or the taking of any other action in respect of, any federal, state or local governmental commission, authority,
agency or body.

 

4.3.                           
Securities Laws. The Purchaser acknowledges and agrees that the Equity Interests have
not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and applicable state
securities laws, and that the transfer of the Equity Interests may be effected only pursuant to an effective registration under
the Securities Act and applicable state securities laws or an exemption therefore. The Purchaser is acquiring the Equity Interests
for his own account for the purpose of investment only and not with a present intention to transfer, hypothecate, resell or otherwise
distribute such Shares within the meaning of the Securities Act and applicable state securities laws.

 

4.4                           
Access to Data. The Purchaser has received and reviewed information about the Company and
has had an opportunity to discuss the Company’s business, management and financial affairs with its management and to review the
Company’s facilities.

 

Section 5. Indemnification.

 

5.1                           
By Seller. All representations,
warranties, covenants and agreements of the Seller contained herein, or in any agreement, certificate or document executed by any
Seller in connection herewith and all indemnification obligations set forth in this Section 5.1, will survive the Closing
for a period of three (3) years from the Closing. Any claims made under this Section 5.1 will be made or asserted by Purchaser
to Seller in writing within three (3) years from the Closing. Notwithstanding the above, any claim made for a breach of any representation,
warranty, covenant or agreement of Seller contained in this Agreement relating to tax matters, or any liability for taxes, may
be made until the expiration of the applicable statute of limitations (including any extension thereof) governing claims by the
applicable governmental authority or person with respect to such matters. The Seller, jointly and severally, agree to indemnify,
defend and hold harmless Purchaser and/or the Purchaser's assignee and their respective stockholders, officers, directors, members,
managers, partners, employees, agents, successors and assignees (collectively, the "Purchaser Indemnitees"),
from and against any and all

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losses, damages, liabilities,
obligations, assessments, suits, actions, proceedings, claims or demands, including costs, expenses and fees (including reasonable
attorneys' fees, accountant, paralegal, and expert witness fees) incurred in connection with, suffered by any of them or asserted
against any of them or the assets acquired by Purchaser hereunder (collectively, "Purchaser's Losses"),
arising out of or based upon (a) the failure of any representation or warranty of Seller contained herein, or in any agreement,
certificate or document executed by Seller in connection herewith, to be true and correct in all material respects when made, (b)
the breach in any material respect of any material covenant or agreement of Seller contained in this Agreement, (c) any liability
or obligation of Seller arising out of Seller's Business prior to the Effective Date, or (d) any arrangements or agreements made
or alleged to have been made by Seller with any broker, finder or other agent in connection with the transactions contemplated
hereby.

 

Section 6. Further Assurances.

 

6.1.                            
By Seller. Seller will do, execute, acknowledge and deliver, or shall cause to be done,
executed, acknowledged and delivered all such further acts, conveyances and assurances the Purchaser may reasonably require for
accomplishment of the purposes of this Agreement.

 

6.2.                            
By Purchaser. The Purchaser will do, execute, acknowledge and deliver, or shall cause
to be done, executed, acknowledged and delivered, all such further acts, conveyances and assurances as Seller may reasonably require
for accomplishment of the purposes of this Agreement.

 

Section 7. Miscellaneous.

 

7.1.                            
Counterparts. This Agreement may be executed by the parties hereto in separate counterparts,
each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one
and the same instrument.

 

7.2.                            
Amendment. Neither this Agreement nor any of the terms hereof may be terminated, amended,
supplemented, waived or modified orally, but only by an instrument in writing which purports to terminate, amend, supplement, waive
or modify this Agreement or any of the terms hereof and is signed by the party against which the enforcement of the termination,
amendment, supplement, waiver or modification is sought.

 

7.3.                            
Successors and Assigns. The terms of this Agreement shall be binding on, and inure
to the benefit of, the parties hereto and their respective successors and assigns.

 

7.4.                            
Governing Law. This Agreement, including all matters of construction, validity and
performance, shall in all respects be governed by, and construed in accordance with, the laws of the State of Arizona.

 

7.5.                            
Notices. Except as otherwise provided in this Agreement, all notices hereunder shall
be in writing and shall be given by mail, personal delivery, overnight courier, telecopy or any other customary means of written
communication at the addresses set forth on the signature pages hereof, or at such other addresses as may be specified by written
notice to the parties hereto, and shall become effective when received by the addressees.

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7.6.                            
Severability of Provisions. Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability
without invalidating the remaining provisions hereof or affecting the validity or enforceable of such provision in any other jurisdiction.

 

7.7.                            
Headings. The headings used herein are for convenience of reference only and shall
not define or limit any of the terms or provisions hereof.

 

7.8.                            
Entire Agreement. This Agreement embodies the entire agreement and understanding between
the parties hereto and supersedes all prior agreements and understandings between the parties hereto relating to the subject matter
hereof.

 

 

[Remainder of Page Intentionally Left Blank]

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IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their respective officers
thereunto duly authorized as of the date and year first above written.

 

	SELLER:	PURCHASER:
	
        Jemmett Enterprises, LLC,

        an Arizona limited liability company
	Cerberus Cyber Sentinel Corporation, a Delaware corporation
	By: /s/
    David G Jemmett	By: /s/
    David G. Jemmett
	Name: David G Jemmett	Name: David G Jemmett
	Title:Managing Partner	Title:C.E.O.
	
         /s/ David G. Jemmett

        David G. Jemmett
	 
	
         

        SELLER ADDRESS:
	
         

        PURCHASER ADDRESS:

	
         

        2700 N Central Ave # 900

        Phoenix, Arizona 85004
	
         

        2700 N Central Ave # 900

        Phoenix, Arizona 85004Exhibit 10.1

 

AMENDMENT NUMBER THREE

 

TO THE

 

FOOT LOCKER SUPPLEMENTAL EXECUTIVE RETIREMENT
PLAN

 

 

WHEREAS, Foot Locker,
Inc. (the “Company”) maintains the Foot Locker Supplemental Executive Retirement Plan, as amended and restated as of
January 1, 2005 (the “Plan”);

 

WHEREAS, pursuant
to Section 18(a) of the Plan, the Board of Directors of the Company may amend the Plan;

 

WHEREAS, the Company desires to amend the
Plan to provide that an employee who was not a participant in the Plan as of December 31, 2018, shall not become eligible to become
a participant or receive an award under the Plan;

 

WHEREAS, the Company desires to amend the
Plan to provide that no participant under the Plan shall have a benefit credited to his or her account (other than interest) after
December 31, 2022; and

 

WHEREAS, the Company desires to amend the
Plan to provide, effective as of January 1, 2023, a participant’s account under the Plan shall accrue interest at an annual
rate equal to one hundred twenty percent (120%) of the long-term applicable federal rate determined in accordance with Section
1274(d) of the Code, as published by the Internal Revenue Service as of the December of the prior Plan Year.

 

    		  

     

    

NOW, THEREFORE, the
Plan is hereby amended, effective as of January 1, 2019, as follows:

 

1.               
Section 1 of the Plan is hereby amended to add the following language to the end thereof:

 

Effective as of January
1, 2019, an Employee who was not a Participant in the Plan on December 31, 2018 shall not become eligible to become a Participant
under the Plan. Effective as of December 31, 2022, all Participants shall cease to be eligible to receive Awards under the Plan
(however, interest credit shall continue to accrue as provided herein).

 

2.               
Section 3 of the Plan is hereby amended to add the following language to the end thereof:

 

Notwithstanding
anything herein to the contrary, effective as of January 1, 2019, no Employee who was not a Participant in the Plan on December
31, 2018, shall become a Participant in the Plan or become eligible to receive an Award. Effective as of January 1, 2019, an Employee
who is rehired on or after such date shall not be eligible to become a Participant in the Plan and any such rehired Employee who
previously became a Participant in the Plan shall not receive any Awards on or after the date of rehire, regardless of any prior
Plan eligibility or participation. Effective as of December 31, 2022, all Participants shall cease to be eligible to receive Awards
under the Plan.

3.               
Section 5 of the Plan is hereby deleted in its entirety and replaced with the following language:

 

The Award credited
on a Participant’s behalf, calculated in accordance with Section 4 hereof, shall be credited to the Participant’s Account.
Notwithstanding anything herein to the contrary, effective as of December 31, 2022, all Participants shall cease to be eligible
to receive Awards under the Plan and shall cease to have his or her Account credited with respect to any Award (however, interest
credit shall continue to accrue as provided herein).

Prior to January
1, 2023, a Participant’s Account shall accrue simple interest at a rate of six percent (6%) per annum. On or after January
1, 2023, a Participant’s Account shall accrue simple interest per annum at a rate of one hundred twenty percent (120%) of
the long-term applicable federal rate determined in accordance with Section 1274(d) of the Code, as published by the Internal Revenue
Service as of the December of the prior Plan Year.

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IN WITNESS
WHEREOF, the Company has caused this amendment to be executed this 22nd day of May, 2019.

 

	 	FOOT LOCKER, INC.
	 	 
	 	By: /s/ Elizabeth Norberg
	 	Title: Senior Vice President and
	 	      Chief Human Resources Officer
	 	

 

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