Document:

Exhibit 10.2

 

Share Purchase Agreement

 

This Share Purchase
Agreement (this “Agreement”) is entered into as of the 6th day of September, 2015 by and among Ability
Security Systems Ltd., Company Registration Number 514020205of 14 Zalman Shneor St. Ramat Hasharon , Israel (“ASM
or the “Company”) Eyal Tzur, Israeli ID Number 022467419, the sole shareholder and owner of ASM (“ASM
SH” or the “Seller”), Ability Computer and Software Industries Ltd., a company incorporated under
the laws of the State of Israel (“Ability”), Anatoly Hurgin, an individual and one of two shareholders of Ability,
Alexander Aurovsky, an individual and the other shareholder of Ability (jointly the “Ability Shareholders”)
and Cambridge Capital Acquisition Corporation (“Cambridge”) and Cambridge Holdco Corp (“Buyer”
or “Surviving Pubco”)). Each may be referred to as a "Party" and collectively referred to as
“Parties”.

 

		Whereas	ASM and Ability have entered into a Joint Venture Agreement dated as of
October 10, 2013 (the "JV Agreement");

 

		Whereas	Ability, Cambridge, Buyer and the Ability Shareholders are entering into
an agreement (“Reorganization Agreement”) with respect to a merger or similar business combination of Ability,
Buyer and Cambridge (the “Merger”);

 

		Whereas	any capitalized terms used herein that are not otherwise defined herein
shall have the meanings ascribed to them in the Reorganization Agreement;

 

		Whereas	the consummation of the Merger (the “Closing”) is expected
to be concluded on or before December 23, 2015 (the “Closing Date”);

 

		Whereas	At the Closing, the Buyer will purchase sixteen (16) shares, or 16% of the
outstanding shares, of the Company (the “Initial Shares”) from the Seller for a purchase price of $900,000 cash
paid at the Closing (the "Cash Consideration").

 

		Whereas	The Seller and the Buyer have agreed that the Seller will receive a put
option (the “Put Option”) to sell all, but not less than all, of the remaining outstanding shares and any other
equity of the Company to the Surviving Pubco or any subsidiary or affiliated company of Surviving Pubco as Surviving Pubco shall
elect (the "Option Shares"), in a single transaction at any time during the 14 months immediately following the
Closing Date (the “Option Period”), with the consideration for such Option Shares being (i) 480,000 “freely
tradable” ordinary shares of the Surviving Pubco (“Base Option Payment Shares”), meaning shares that shall
not be subject to any lock-up or other restrictions except as prescribed by Applicable Law, plus (ii) three percent (3%)
of any earn-out consideration (i.e., the Net Income Shares) that may otherwise become payable to the Ability Shareholders
under the terms of the Reorganization Agreement following the Closing Date (the “Contingent Option Payment Shares”
and, collectively with the Base Option Payment Shares, the “Put Option Consideration”); and

 

		Whereas	The Seller and Buyer have agreed that if the Seller does not exercise the
Put Option to sell the Option Shares during the Option Period, the Surviving Pubco shall have a call option (the “Call
Option”) exercisable at any time during the 90 days immediately following the Option Period (such 90 day period, the
“Call Period”) to buy all, but not less than all of the Option Shares in a single transaction for the same Put
Option Consideration less a discount of ten (10%) percent (“Call Option Consideration”) and on the terms set
forth herein.

 

    	 		 

     

    

 

Now, Therefore,
the Parties hereby agree as follows:

 

		1.	Initial Share Purchase. On the Closing Date, the Seller agrees to sell and transfer the
Initial Shares to the Buyer and the Buyer agrees to purchase the Initial Shares, free and clear of any all liens, mortgages and
encumbrances whatsoever, in exchange for the Cash Consideration.

 

		2.	Option Grants. The Put Option and Call Option are hereby deemed granted as contemplated
above. Subject to the terms hereof, upon valid and timely exercise of the Put Option or the Call Option as provided below, the
Seller hereby agrees to sell and transfer the Option Shares in the Company to the Buyer and the Buyer agrees to purchase the Option
Shares for the Put Option Consideration or Call Option Consideration, as applicable (the applicable consideration being referred
to herein as the “Option Consideration”). All of the Option Consideration shall be allocated and deducted from
the Surviving Pubco shares otherwise issuable to the Ability Shareholders in accordance with the Reorganization Agreement. At the
Closing of the Merger, 480,000 shares otherwise issuable to the Ability Shareholders at Closing shall be placed in an escrow and
distributed therefrom pursuant to the terms of the escrow agreement prescribed by Schedule 5.31 of the Reorganization Agreement.
Any Contingent Option Payment Shares shall be paid to the Seller from the Net Income Shares otherwise payable to the Ability Shareholders
and shall be paid to Seller as and when otherwise payable to the Ability Shareholders under the terms of the Reorganization Agreement
(and without giving effect to any lockup restrictions to which the Ability Shareholders may then be subject). Nothing contained
in this Agreement shall entitle the Seller to any other rights or consideration under the terms of the Reorganization Agreement.

 

		3.	Condition to Reorganization Agreement. The Seller’s execution and delivery of this
Agreement and compliance with the representations and covenants contained herein are conditions to Cambridge’s obligation
to consummate the transactions contemplated by the Reorganization Agreement.

 

		4.	Notice and Procedures.

 

	 	4.1.	For
the purposes of this section 4.1, the date of exercise of the Put Option (the “Put Option Exercise Date”) shall
be the date on which the Seller serves an exercise notice (the "Put Exercise Notice") to the Buyer. The
Put Exercise Notice shall set forth a date for the closing of the Put Option, which shall be the date that is ten business days
following the Put Option Exercise Date or such later date that is mutually agreeable to the Seller and Buyer.

 

		4.2.	For the purposes of this section 4.2, the date of exercise of the Call Option
(the “Call Option Exercise Date”) shall be the date on which the Buyer serves an exercise notice (the "Call
Exercise Notice") to the Seller. The Call Exercise Notice shall set forth a date for the closing of the Call Option,
which shall be the date that is ten business days following the Call Option Exercise Date or such later date as mutually agreeable
to the Seller and Buyer. Any exercise of the Call Option shall promptly and timely be made by the Surviving Pubco upon the direction
of any of (a) the Representative, (b) the majority of the then independent board of directors of Surviving Pubco or (c) the majority
of the entirety of such board of directors.

 

    	 	2	 

     

    

 

		4.3.	The number of shares constituting the Option Consideration shall be automatically
adjusted with respect to any stock splits, dividends, rights offering, stock dividends, mergers, or other similar corporate events
occurring with respect to Surviving Pubco ordinary stock from the date of the Closing and until the end of the Option Period, or
if not exercised by Seller during such Option Period, then the Call Period.

 

		4.4.	The obligation of the Surviving Pubco to consummate the purchase of the
Option Shares upon exercise of the Put Option shall be conditioned upon (i) the material accuracy of the representations and warranties
of the Seller set forth herein and (ii) material compliance by the Seller with the covenants set forth herein. The foregoing conditions
may be waived by the Buyer only upon written consent of the Representative or the majority of the then independent directors of
Surviving Pubco.

 

		4.5.	The obligation of the Seller to consummate the purchase of the Option Shares
upon exercise of the Call Option shall be conditioned upon (i) the material accuracy of the representations and warranties of the
Buyer set forth herein and (ii) material compliance by the Buyer with the covenants set forth herein. The foregoing conditions
may be waived by the in his discretion.

 

		5.	Tax Consequences. The Seller shall bear all tax consequences related to the transactions
contemplated hereby and Surviving Pubco shall have no obligation to pay any taxes, including, but not limited to, any value added
taxes. It is hereby agreed and accepted that the Cash Consideration, and in the event that the Put Option or Call Option is exercised,
the payment and receipt of the Option Consideration, shall be deemed full consideration for the shares transferred by Seller to
Buyer under the terms of this Agreement, and Seller will not be entitled to any other consideration.

 

		6.	JV Agreement: Upon Closing, the JV Agreement shall automatically terminate. The provisions
of the JV Agreement that by nature survive, shall continue to remain in effect as applicable. In the event Seller has materially
breached this Agreement and such breach is not remedied within 30 days, or consummation of same would have a Material Adverse Effect
on the Surviving Pubco, the Surviving Pubco (subject to the provisions of Section 9 below and Applicable Law) shall be entitled
to elect, in lieu of the consummation of either the Put Option or Call Option, to terminate the JV Agreement and to have assigned
to it any assets or contracts material to the operation of Ability in consideration of the Put Option Consideration.

 

		7.	Representations and Warranties of the Parties: 

 

		7.1.	Company Representations and Warranties.  The Company and Seller represent and warrant
the following to the Buyer, to be true and correct as of the date hereof (and as of the date of Closing of the Put Option or Call
Option or alternative transaction prescribed by Section 6 above), unless otherwise stated hereinafter:

 

7.1.1.    The
Company is a corporation duly formed and validly existing and in good standing under the laws of Israel. The Company and Seller
each has full power (corporate or otherwise) and authority to enter into this Agreement, to carry out its obligations hereunder
and to consummate the transactions contemplated hereby.

 

    	 	3	 

     

    

 

7.1.2.  The
execution and delivery by each of the Company and Seller of this Agreement, the performance by Seller and Company of its obligations
hereunder and the consummation by Seller and Company of the transactions contemplated hereby have been duly authorized by all requisite
action (corporate or otherwise) on the part of Seller and Company, respectively.

 

7.1.3.  This
Agreement has been duly executed and delivered by each of Seller and the Company, and constitutes a legal, valid and binding obligation
of Seller and the Company enforceable against Seller and the Company, respectively, in accordance with its terms.

 

7.1.4.  The
authorized capital shares of the Company consist of [NUMBER] outstanding shares ("Shares"), all of which are issued
and outstanding. All of the Shares have been duly authorized, are validly issued, fully paid and non-assessable, and are owned
of record and beneficially by Seller, free and clear of all liens, mortgages and encumbrances.

  

7.1.5.  Subject
to Applicable Law, consummation of the exercise of the Put Option or Call Option contemplated by this Agreement, Buyer shall own
all of the Shares, free and clear of any charge, claim, community property interest, pledge, condition, encumbrance, equitable
interest, lien (statutory or other), option, security interest, mortgage, easement, encroachment, right of way, right of first
refusal, or restriction of any kind, including any restriction on use, voting, transfer, receipt of income or exercise of any other
attribute of ownership, and no other person or entity shall own or have the right to acquire any equity of the Company. All of
the Shares were issued in compliance with applicable laws.

 

7.1.6.  Other
than as created by this Agreement, there are no outstanding or authorized options, warrants, convertible securities or other rights,
agreements, arrangements or commitments of any character relating to the capital stock of the Company or obligating Seller or the
Company to issue or sell any shares of capital stock of, or any other interest in, the Company. The Company does not have outstanding
or authorized any stock appreciation, phantom stock, profit participation or similar rights. There are no voting trusts, stockholder
agreements, proxies or other agreements or understandings in effect with respect to the voting or transfer of any of the Shares.

 

7.1.7.  The
Company has no liabilities, obligations or commitments of any nature whatsoever, except those shown on the Financial Statements
of Ability as audited by BDO and referenced in the Reorganization Agreement (the “Ability Financial Statements”)
and those which have been incurred in the ordinary course of business consistent with past practice since the date of the Ability
Financial Statements and which are not, individually or in the aggregate, material in amount.

 

    	 	4	 

     

    

 

7.1.8.  Since
its establishment, the Company has materially complied, with all laws applicable to it or its business, properties or assets. All
permits, licenses, franchises, approvals, authorizations, registrations, certificates, variances and similar rights obtained, or
required to be obtained, from any governmental authorities (“Permits”) required for the Company to conduct its
business have been obtained by it and are valid and in full force and effect as required. All fees and charges with respect to
such Permits as of the date hereof have been paid in full if applicable. No event has occurred that, with or without notice or
lapse of time or both, would reasonably be expected to result in the revocation, suspension, lapse or limitation of any Permit
held by the Company.

  

7.1.9.  To
the Seller’s knowledge, the Company has not been has been subject to any proceeding or investigation by any governmental
entity and there are no claims, suits, actions or proceedings pending or, to the knowledge of the Company, threatened against the
Company before any court, governmental department, commission, agency, instrumentality or authority or any arbitrator.

 

7.1.10.  The
Seller provides services to the Company as a subcontractor against a tax invoice issued by a company owned by the seller.

 

		7.1.11.	(a) All tax returns required to be filed as of the date of this Agreement by the Company have been,
or will be, timely filed. Such tax returns are, or will be, true, complete and correct in all material respects. All taxes due
and owing by the Company (whether or not shown on any tax return) have been, or will be, timely paid.
	 	 	 
	 	 	(b) The
Company has withheld and paid each tax required to have been withheld and paid in connection with amounts paid or owing to any
employee, independent contractor, creditor, customer, shareholder or other party, and complied with all information reporting
and backup withholding provisions of applicable law.
	 	 	 
	 	 	(c) No
claim has been made by any taxing authority in any jurisdiction where the Company does not file tax returns that it is, or may
be, subject to tax by that jurisdiction.
	 	 	 
	 	 	(d) No
extensions or waivers of statutes of limitations have been given or requested with respect to any taxes of the Company.
	 	 	 
	 	 	(e) The amount
of the Company's liability for unpaid taxes for all periods ending on or before the date of the Ability Financial Statements does
not, in the aggregate, exceed the amount of accruals for taxes (excluding reserves for deferred taxes) reflected on the Ability
Financial Statements.

 

		7.1.12.	The Company has no claims of ownership with respect to any assets of Ability or any of Ability’s
products or intellectual property (regardless of the stage of development of such intellectual property or products), except as
may be applicable in carrying out the JV Agreement. The Seller has no right or claim to any of the assets used or required by the
business and operations of Ability as described in the Ability Financial Statements audited by BDO and provided to Cambridge prior
to the date hereof.

 

    	 	5	 

     

    

 

		7.1.13.	No person other than the Seller has any right or claim to any of the Initial Shares or Option Shares
and Seller is not a party to any contract, claim, settlement, proceeding or understanding that would reasonably deemed to give
either as of the date hereof or upon the occurrence of circumstances in the future any claim in any respect to the Initial Shares
or Option Shares.

 

		7.1.14.	The Seller understands that the shares comprising the Option Consideration represent a speculative
investment and can afford the loss of his entire investment therein. In his position with the Company he has a full understanding
the operations, strategies, finances and risks associated with Ability and ASM and has had read all of Cambridge’s SEC Reports
and has had opportunity to discuss the business of Cambridge with officers of Cambridge and has received such information as he
deems necessary to understand and evaluation the investment represented by the Option Consideration.

 

		7.1.15.	Seller will be able to deliver the Initial Shares and Options Shares to the Buyer pursuant to the
terms of this Agreement.

 

7.2.  Buyer
Representations and Warranties. 

 

The Buyer hereby
represents and warrants to the Company and Seller as follows:

 

7.2.1.  Buyer
acknowledges that the Shares have not been registered for public trade under any law. Acquisition for Own Account. The Buyer is
acquiring the Shares for its account for investment only, and not for the purpose of any subsequent distribution or resale or in
contravention of applicable law.

 

7.2.2.  The
Buyer Can Protect its Interest. The Buyer represents that by reason of its knowledge, or management, business or financial experience,
each has the capacity to protect its own interests in connection with the transaction contemplated in this Agreement.

  

7.2.3.  Buyer
confirms that this Agreement has been duly and validly authorized by the Buyer and constitutes a valid and binding obligation of
the Buyer.

  

7.2.4.  Buyer
represents and confirms that it will be able to issue the Consideration Shares to the Seller pursuant to the terms of this Agreement.

  

	8.	Covenants of Seller. 

 

	 	8.1.	From the date hereof until the earlier of (a) the exercise of the Put Option or Call Option and (b) the end of the Call Period, neither the Company or the ASM Shareholder shall cause or allow (i) any lien, mortgage or encumbrance to be placed on any capital stock of the Company, (ii) the Company to incur any indebtedness for borrowed monies, (iii) issue any capital stock or any option or right to acquire same, (iv) enter into any agreement outside of the ordinary course of business; or (v) otherwise conduct the business of ASM in any manner other than the ordinary course consistent with past practice.

 

    	 	6	 

     

    

 

	 	8.2.	From the date hereof until the earlier of (a) the exercise of the Put Option or Call Option and (b) the end of the Call Period earlier of the Put Option Exercise Date or the Call Option Exercise Date, the Company shall, and the ASM Shareholder shall cause the Company to, (x) conduct the business of the Company in the ordinary course of business consistent with past practice; and (y) use reasonable efforts to maintain and preserve intact the current business and assets of the Company.
	 	 	 
	 	8.3.	From the date hereof until the earlier of (a) the exercise of the Put Option or Call Option and (b) the end of the Call Period, the Company shall not, and the ASM Shareholder shall not permit the Company, to take or permit any action that would cause any material adverse effect on the business or operations of the Company.
	 	 	 
	 	8.4.	The Seller shall cooperate in connection with the drafting of the Proxy Statement/Prospectus with respect to any information required with respect to ASM, the ASM Shareholder or the JV.
	 	 	 
	 	8.5.	ASM and the Seller hereby agree, jointly and severally, to hold Cambridge and the Buyer (and their respective shareholders, officers and directors) harmless from any and all losses, claims and actions arising from (a) the breach of any representation of Seller or ASM contained herein and (b) the breach of any covenant of Seller or ASM contained herein. This indemnification shall be in addition to any other remedies or rights the Buyer may have at law or equity.

 

	9.	IMOD Approval. As required under applicable Israeli law, the consummation of this Agreement is subject to the approval of the Israeli Ministry of Defence (the “IMOD”) to be timely obtained by Seller. Seller shall provide Buyer with reasonable evidence of such approval, which may consist of Seller’s certification to the Buyer (and Buyer shall provide all reasonable cooperation in connection therewith) in a timely manner, although failure to obtain same will not be deemed a breach hereof by Seller, provided that Seller has used reasonable efforts to obtain same. Moreover, in the event that it is not possible to obtain these approvals or such approval is formally denied by the IMOD, this Agreement shall be automatically cancelled with no liability to any Party. The closing of this Agreement shall occur upon the latter of the two following events: (a) the Closing of the Merger or (b) receipt of approvals from the IMOD. Notwithstanding anything to the contrary contained herein, if the IMOD rejects approval of this Agreement, or it is not otherwise legally permissible to consummate the transactions as contemplated by this Agreement, the parties hereto shall endeavor and use their good faith reasonable efforts to accomplish the objectives of this Agreement by other means for the same Put Option Consideration.
	 	 
	10.	Compliance
with Laws. Each Party undertakes obtain and any all permits, licenses, approvals and complete any other processes required
in order to carry out its obligations pursuant to this Agreement. Moreover, in the event that a Party is unable to complete its
obligations pursuant hereto, due to its inability to obtain consent, then the Parties shall negotiate in good faith equitable
alternative to the terms of this Agreement.

 

    	 	7	 

     

    

  

	11. 	 Confidentiality.
    The Parties hereby undertake to keep in strict confidentiality the Confidential Information (as defined below, including but
    not limited to the content of this Agreement as well as any and all information received pursuant to it, disclosed in whatever
    form, including any information disclosed prior to execution of this Agreement, in relation thereto), provided that such information
    was not publicly available at the time of disclosure. 

 

"Confidential
Information" means any and all information and know-how of a private, secret or confidential nature, in whatever form,
at any time, that relates to the business, financial condition, technology and/or products of the Company, customers, potential
customers, vendors or potential vendors, provided or disclosed to me whether or not marked or otherwise designated as “confidential”,
“proprietary” or with any other legend indicating its proprietary nature. By way of illustration and not limitation,
Confidential Information includes all forms and types of financial, business, technical, or engineering information and know-how,
including but not limited to specifications, designs, techniques, methods, compilations, inventions and developments, products,
equipment, algorithms, computer programs (whether as source code or object code), marketing and customer, vendor and personal information,
projections, plans and reports, and any other data, documentation, or information related thereto, as well as improvements thereof,
whether in tangible or intangible form, and whether or not stored, compiled or memorialized in any media or in writing. "Confidential
Information" shall not include information or matter that the receiving party can demonstrate by reasonable and tangible evidence
that: (a) was already known to the receiving party prior to its disclosure by the Company; (b) became a part of public knowledge,
without a breaching this obligation; (c) has been received by the receiving party from another person or entity having no confidentiality
obligation to Company. These exceptions shall not permit the receiving party to disregard the obligations of confidentiality stated
herein merely because individual portion(s) of the Confidential Information may be found within such exceptions, or because the
Confidential Information is implicitly but not explicitly disclosed in information falling within such exceptions. The receiving
party shall continue to treat all Confidential Information disclosed to the receiving party as strictly confidential and not to
exploit or make use, directly or indirectly, of such Confidential Information without the express written consent of the Company,
and shall continue to maintain these measures for as long as the Confidential Information remains as such. Furthermore, the receiving
party undertakes that it shall not copy or reproduce in any way (including without limitation, store in any computer or electronic
system) any Confidential Information, shall refrain from analyzing, reverse-engineering, decompiling, or disassembly or attempting
to analyze Confidential Information in order to determine the construction, code, algorithm or topology (composition, formula or
specifications) thereof, either by itself or through any third party. The receiving party understands and agrees that it has not
been granted any express, implied or other license or rights to patents or trade secrets of the Company or its vendors/ customers.

 

	12. 	Governing
Law; Jurisdiction. This Agreement shall be exclusively governed by and construed according to the laws of Israel without regard
to the provisions regarding conflicts of law. Any dispute arising out of or in connection with this Agreement, including any question
regarding its existence, validity or termination, shall be referred exclusively to and finally resolved by arbitration under the
Israeli Arbitration Rules, which Rules are deemed to be incorporated by reference into this clause. The number of arbitrators
shall be one. The arbitration shall be held in Tel Aviv, Israel. The language to be used in the arbitral proceedings shall be
English. Notwithstanding anything to the contrary contained herein, the parties shall be entitled to seek equitable relief in
the enforcement of the provisions of this Agreement.

 

    	 	8	 

     

    

 

	13. 	Successors
    and Assigns; Assignment. Except as otherwise expressly limited herein, the provisions hereof shall inure to the benefit
    of, and be binding upon, the successors, assigns, heirs, executors, and administrators of the parties hereto. None of the
    rights, privileges, or obligations set forth in, arising under, or created by this Agreement may be assigned or transferred
    without the prior consent in writing of each Party to this Agreement, with the exception that the Company may assign such
    rights, privileges, or obligations from or to any entity which controls, is controlled by or is under common control with
    the Company.
	 	 
	14. 	Entire
    Agreement; Amendment and Waiver; Assignment. This Agreement and the Reorganization Agreement and the other agreements
    and documents contemplated hereby and thereby constitute the full and entire understanding and agreement among the Parties
    with regard to the subject matters hereof. Any term of this Agreement may be amended only with the written consent of the
    Parties to this Agreement or the Party affected thereby, as the case may be. This Agreement may not be assigned by any Party;
    provided, however, that Buyer (as the Surviving Pubco) may assign this Agreement to any subsidiary or affiliated company of
    the Surviving Pubco.
	 	 
	15.	Notices,
    etc. All notices and other communications required or permitted hereunder to be given to a Party to this Agreement shall
    be in writing and shall be telecopied or mailed by registered or certified mail, postage prepaid, return receipt requested,
    or otherwise delivered by hand or by messenger, addressed to such party's address as the party shall have furnished to the
    other Parties in writing. The notice shall be deemed to have been given if sent by telecopy, twenty four (24) hours after
    transmission; if sent by registered or certified mail, five (5) days after deposit into the mail system; or if delivered in
    person or by messenger, on the same day.
	 	 
	16.	Delays
    or Omissions. No delay or omission to exercise any right, power, or remedy accruing to any Party upon any breach or default
    under this Agreement, shall be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver,
    permit, consent, or approval of any kind or character on the part of any Party of any breach or default under this Agreement,
    or any waiver on the part of any Party of any provisions or conditions of this Agreement, must be in writing and shall be
    effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement or by law or
    otherwise afforded to any of the Parties, shall be cumulative and not alternative.
	 	 
	17.	Severability.
    If any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable under applicable law,
    then such provision shall be excluded from this Agreement and the remainder of this Agreement shall be interpreted as if such
    provision were so excluded and shall be enforceable in accordance with its terms; provided, however, that in such event this
    Agreement shall be interpreted so as to give effect, to the greatest extent consistent with and permitted by applicable law,
    to the meaning and intention of the excluded provision as determined by such court of competent jurisdiction.
	 	 
	18.	Counterparts.
    This Agreement may be executed in any number of facsimile counterparts, each of whom shall be deemed an original and enforceable
    against the Parties actually executing such counterpart, and all of which together shall constitute one and the same instrument.

 

[signature
page follows]

 

    	 	9	 

     

    

 

IN WITNESS WHEREOF, each of the Parties
has signed this Share Purchase Agreement, which shall go into effect as of the date first written above.

 

Ability Security Systems
Ltd.

 

	By:	/s/
    Eyal Tzur	 
	Name:
    Eyal Tzur	 
	Title:
    Sole Shareholder	 
	 	 	 
	/s/
    Eyal Tzur	 
	Eyal
    Tzur	 
	 	 	 
	Ability
    Computers and Software Industries Ltd.	 
	 	 
	By	/s/
    Anatoly Hurgin	 
	Name:
    Anatoly Hurgin	 
	Title:
    Chief Executive Officer	 
	 	 	 
	Cambridge
    Capital Acquisition Corporation	 
	 	 
	By	/s/
    Benjamin Gordon	 
	Name:
    Benjamin Gordon	 
	Title:
    Chief Executive Officer	 
	 	 	 
	Cambridge
    Holdco Corp.	 
	 	 	 
	By	/s/
    Benjamin Gordon	 
	Name:
    Benjamin Gordon	 
	Title:
    Chief Executive Officer	 
	 	 	 
	/s/
    Anatoly Hurgin	 
	Anatoly
    Hurgin, individually	 
	 	 	 
	/s/
    Alexander Aurovsky	 
	Alexander
    Aurovsky, individually	 

 

 

10Exhibit 10.1

 

    	 		 

     

    

 

SCHEDULE
“A”

 

CERTIFICATE
OF DESIGNATIONS

OF

AQUA
POWER SYSTEMS INC.

ESTABLISHING
THE DESIGNATIONS, PREFERENCES,

LIMITATIONS
AND RELATIVE RIGHTS OF ITS

SERIES
A CONVERTIBLE PREFERRED STOCK

 

Pursuant
to Section 78.1955 of the Nevada Revised Statutes, Aqua Power Systems Inc., a corporation organized and existing under the Nevada
Revised Statutes (the “Company”),

 

DOES
HEREBY CERTIFY that pursuant to the authority conferred upon the Board of Directors by the Articles of Incorporation of the
Company, and pursuant to Section 78.1955 of the Nevada Revised Statutes, the Board of Directors, by unanimous written consent
of all members of the Board of Directors on September 1, 2015, duly adopted a resolution providing for the issuance of a series
of shares of Series A Convertible Preferred Stock, which resolution is and reads as follows:

 

RESOLVED,
that the Company designates 5,000,000 shares of Preferred Stock as the Series "A" Preferred Stock, which shares
shall have attached to them, in addition to the preferences, rights, privileges, restrictions and conditions attaching to all
of the preferred shares of the Company as a class, those rights, privileges, restrictions and conditions set forth herein; and

 

FURTHER
RESOLVED, that the series of preferred stock of the Company be, and it hereby is, given the distinctive designation of “Series
A Convertible Preferred Stock”; and

 

FURTHER
RESOLVED, that the Series A Convertible Preferred Stock shall consist of 5,000,000 shares; and

 

FURTHER
RESOLVED, that the Series A Convertible Preferred Stock shall have the powers and preferences, and the relative, participating,
optional and other rights, and the qualifications, limitations, and restrictions thereon set forth below (the “Designation”
or the “Certificate of Designations”):

 

Section
1. DESIGNATION OF SERIES; RANK. The shares of such series shall be designated as the “Series A Convertible
Preferred Stock” (the “Preferred Stock”) or “Series A Preferred Stock”)
and the number of shares initially constituting such series shall be up to 5,000,000 shares with a par value of $0.001.

 

Section
2. DEFINITIONS.

 

For
purposes of this Designation, the following definitions shall apply:

 

(a)      “Business
Day” means a day in which a majority of the banks in the State of Nevada in the United States of America are open
for business.

 

(b)    
“Common Stock” means the Company’s $0.0001 par value common stock, or any other class of stock
resulting from successive changes or reclassifications of such common stock consisting solely of changes in par value, or as a
result of a subdivision, combination, or merger, consolidation or similar transaction in which the Company is a constituent corporation.

 

(c)    
“Conversion Date” shall mean the date in which a Conversion Notice is received by the Company.

 

(d)    
 “Distribution” shall mean the transfer of cash or other property without consideration whether by way
of dividend or otherwise (other than dividends on Common Stock payable in Common Stock), or the purchase or redemption of shares
of the Company for cash or property other than: (i) repurchases of Common Stock issued to or held by employees, officers, directors
or consultants of the Company or its subsidiaries upon termination of their employment or services pursuant to agreements providing
for the right of said repurchase, (ii) repurchases of Common Stock issued to or held by employees, officers, directors or consultants
of the Company or its subsidiaries pursuant to rights of first refusal contained in agreements providing for such right, (iii)
repurchases of capital stock of the Company in connection with the settlement of disputes with any shareholder, (iv) any other
repurchase or redemption of capital stock of the Company approved by the holders of (a) a majority of the Common Stock and (b)
a majority of the Preferred Stock of the Company voting as separate classes.

 

    	 	 Page 1 of 6
 Aqua Power Systems Inc.
 
Certificate of Designations of Series A Convertible Preferred Stock

	 

     

    

 

(e)    
“Holder” shall mean the person or entity in which the Preferred Stock is registered on the books of
the Company, which shall initially be the person or entity which subscribes for the Preferred Stock, and shall thereafter be permitted
and legal assigns which the Company is notified of by the Holder and which the Holder has provided a valid legal opinion in connection
therewith to the Company.

 

(f)     
“Holders” shall mean all Holders of the Series A Preferred Stock.

 

(g)    
“Junior Stock” shall mean the Common Stock and each other class of capital stock or series of preferred
stock of the Company established prior to or after the Original Issue Date, the terms of which do not expressly provide that such
class or series ranks senior to or on parity with the Series A Preferred Stock upon the liquidation, winding-up or dissolution
of the Company.

 

(h)    
“Liquidation Preference” shall mean the Original Issue Price per share for each share of Series A Preferred
Stock (as appropriately adjusted for any Recapitalizations).

 

(i)      
“Original Issue Date” shall mean the date upon which the shares of Preferred Stock are first issued.

 

(j)     
“Preferred Stock Certificates” means the certificates, as replaced from time to time, evidencing the
outstanding Preferred Stock shares.

 

(k)    
“Recapitalization” shall mean any stock dividend, stock split, combination of shares, reorganization,
recapitalization, reclassification or other similar event.

 

(l)      
“Restricted Shares” means shares of the Company’s Common Stock which are restricted from being
transferred by the Holder thereof unless the transfer is effected in compliance with the Securities Act of 1933, as amended and
applicable state securities laws (including investment suitability standards, which shares shall bear the following restrictive
legend (or one substantially similar):

 

“The
securities represented by this certificate have not been registered under the Securities Act of 1933 or any state securities act.
The securities have been acquired for investment and may not be sold, transferred, pledged or hypothecated unless (i) they shall
have been registered under the Securities Act of 1933 and any applicable state securities act, or (ii) the corporation shall have
been furnished with an opinion of counsel, satisfactory to counsel for the corporation, that registration is not required under
any such acts.”

 

SECTION
3. DIVIDENDS.

 

(a)   
 The holders of the Preferred Stock shall not be entitled to receive any dividends.

 

(b)   
 To the fullest extent permitted by the Nevada Revised Statutes, the Company shall be expressly permitted to redeem, repurchase
or make distributions on the shares of its capital stock in all circumstances other than where doing so would cause the Company
to be unable to pay its debts as they become due in the usual course of business.

 

    	 	 Page 2 of 6
 Aqua Power Systems Inc.
 
Certificate of Designations of Series A Convertible Preferred Stock

	 

     

    

  

SECTION
4. LIQUIDATION PREFERENCE

 

(a)   
 Liquidation Preference. In the event of any liquidation, dissolution or winding up of the Company, either voluntary
or involuntary, the Holders of the Preferred Stock shall be entitled to receive, prior and in preference to any Distribution of
any of the assets of the Company to the Holders of the Junior Stock by reason of their ownership of such stock, but not prior
to any holders of the Company’s Senior Securities, which holders shall have priority to the distribution of any assets of
the Company, an amount per share for each share of Preferred Stock held by them equal to the sum of the Liquidation Preference
specified for such share of Preferred Stock. If upon the liquidation, dissolution or winding up of the Company, the assets of
the Company legally available for distribution to the Holders of the Preferred Stock are insufficient to permit the payment to
such Holders of the full amounts specified in this Section 4(a), subsequent to the payment to the Senior Securities then
the entire remaining assets of the Company following the payment to the Senior Securities legally available for distribution shall
be distributed with equal priority and pro rata among the Holders of the Preferred Stock in proportion to the full amounts they
would otherwise be entitled to receive pursuant to this Section 4(a).

 

(b)   
 Remaining Assets. After the payment to the Holders of Preferred Stock of the full preferential amounts specified above,
the entire remaining assets of the Company legally available for distribution by the Company shall be distributed with equal priority
and pro rata among the Holders of the Junior Stock in proportion to the number of shares of Junior Stock, and the terms of such
Junior Stock, held by them.

 

(c)   
Valuation of Non-Cash Consideration. If any assets of the Company distributed to shareholders in connection with any
liquidation, dissolution, or winding up of the Company are other than cash, then the value of such assets shall be their fair
market value as

determined in good faith by the Board of Directors. In the event of a merger or other acquisition of the Company by another entity,
the Distribution date shall be deemed to be the date such transaction closes. 

 

SECTION
5.CONVERSION. The Preferred Stock shall not be convertible into Common Stock and have no other conversion rights except
as specifically set forth below:

 

(a)      Conversion.
The “Conversion Ratio” per share of the Preferred Stock in connection with a Conversion shall be at
a ratio of 1:100, meaning for every (1) one Preferred A share shall convert into 100 common shares of stock of the Company. Holders
of Class A Preferred Shares shall have the right, exercisable at any time and from time to time (unless otherwise prohibited by
law, rule or regulation), to convert any or all their shares of the Class A Preferred Shares into Common Stock at the Conversion
Ratio.

 

(b)Taxes.
The Company shall not be required to pay any tax which may be payable in respect to any transfer involved in the issue and
delivery of shares of Common Stock upon conversion in a name other than that in which the shares of the Preferred Stock so converted
were registered, and no such issue or delivery shall be made unless and until the person requesting such issue or delivery has
paid to the Company the amount of any such tax, or has established, to the satisfaction of the Company, that such tax has been
paid. The Company shall withhold from any payment due whatsoever in connection with the Preferred Stock any and all required withholdings
and/or taxes the Company, in its sole discretion deems reasonable or necessary, absent an opinion from Holder’s accountant
or legal counsel, acceptable to the Company in its sole determination, that such withholdings and/or taxes are not required to
be withheld by the Company.

 

(c)      Fractional
Shares. If any Conversion of Preferred Stock would result in the issuance of a fractional share of Common Stock (aggregating
all shares of Preferred Stock being converted pursuant to each Conversion), such fractional share shall be rounded up to the nearest
whole share and the Holder shall be entitled to receive, in lieu of the final fraction of a share, one additional whole share
of Common Stock.

 

    	 	 Page 3 of 6
 Aqua Power Systems Inc.
 
Certificate of Designations of Series A Convertible Preferred Stock

	 

     

    

 

(d)      Reservation
of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued
shares of Common Stock solely for the purpose of effecting the conversion of the shares of the Preferred Stock, such number of
its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all then outstanding shares of
the Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to
effect the conversion of all then outstanding shares of the Preferred Stock, the Company will within a reasonable time period
make a good faith effort to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized
but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.

 

(e)      Effect
of Conversion. On the date of any Conversion, all rights of any Holder with respect to the shares of the Preferred Stock so
converted, including the rights, if any, to receive distributions of the Company’s assets (including, but not limited to,
the Liquidation Preference) or notices from the Company, will terminate, except only for the rights of any such Holder to receive
certificates (if applicable) for the number of shares of Common Stock into which such shares of the Preferred Stock have been
converted.

 

SECTION
6. VOTING. The holder of each share of Series A Preferred Stock shall have the right to one vote for each share of Common
Stock into which such Series A Preferred Stock could then be converted, and with respect to such vote, such holder shall have
full voting rights and powers equal to the voting rights and powers of the holders of Common Stock, and shall be entitled, notwithstanding
any provision hereof, to notice of any stockholders’ meeting in accordance with the Bylaws of this Corporation, and shall
be entitled to vote, together with holders of Common Stock, with respect to any question upon which holders of Common Stock have
the right to vote. Fractional votes shall not, however, be permitted and any fractional voting rights available on an as-converted
basis (after aggregating all shares into which shares of Series A Preferred Stock held by each holder could be converted) shall
be rounded to the nearest whole number (with one-half being rounded upward).

 

SECTION
7. REDEMPTION. The Preferred Stock shall have no redemption rights.

 

SECTION
8.PROTECTIVE PROVISIONS. Subject to the rights of series of Preferred Stock which may from time to time come into existence,
so long as any shares of Series A Preferred Stock are outstanding, this Company shall not without first obtaining the approval
(by written consent, as provided by law or otherwise) of the holders of a majority of the then outstanding shares of Series A
Preferred Stock, voting together as a class:

 

(a)      Increase
or decrease (other than by redemption or conversion) the total number of authorized shares of Series A Convertible Preferred Stock;

 

(b)      Effect
an exchange, reclassification, or cancellation of all or a part of the Series a Convertible Preferred Stock, but excluding a stock
split or reverse stock split of the Company’s Common Stock or Preferred Stock;

 

(c)      Effect
an exchange, or create a right of exchange, of all or part of the shares of another class of shares into shares of Series A Convertible
Preferred Stock; or

 

(d)      Alter
or change the rights, preferences or privileges of the shares of Series A Convertible Preferred Stock so as to affect adversely
the shares of such series, including the rights set forth in this Designation.

 

For
clarification, issuances of additional authorized shares of Series A Preferred under the terms herein shall not require the authorization
or approval of the existing shareholders of Preferred Stock.

 

    	 	 Page 4 of 6
 Aqua Power Systems Inc.
 
Certificate of Designations of Series A Convertible Preferred Stock

	 

     

    

  

PROVIDED,
HOWEVER, that the Company may, by any means authorized by law and without any vote of the Holders of shares of the Preferred
Stock, make technical, corrective, administrative or similar changes in this Statement of Designations that do not, individually
or in the aggregate, adversely affect the rights or preferences of the Holders of shares of the Preferred Stock. The Company may
also designate and issue additional series of preferred stock from time to time in the sole discretion of the Company’s
Board of Directors, which such rights, privileges, preferences and limitations shall be determined by the Company’s Board
of Directors in its sole discretion, and which designations and issuances shall not require the approval of the holders of the
Preferred Stock.

 

SECTION
9. PREEMPTIVE RIGHTS. Holders of Preferred Stock and holders of Common Stock shall not be entitled to any preemptive,
subscription or similar rights in respect to any securities of the Company, except as specifically set forth herein or in any
other document agreed to by the Company.

 

SECTION
10. REPORTS. The Company shall mail to all holders of Preferred Stock those reports, proxy statements and other materials
that it mails to all of its holders of Common Stock.

 

SECTION
11. NOTICES. In addition to any other means of notice provided by law or in the Company’s Bylaws, any notice required
by the provisions of this Designation to be given to the holders of Preferred Stock shall be deemed given if deposited in the
United States mail, postage prepaid, and addressed to each Holder of record at such Holder’s address appearing on the books
of the Company.

 

SECTION
12. MISCELLANEOUS.

 

(a)     The
headings of the various sections and subsections of this Certificate of Designation are for convenience of reference only and
shall not affect the interpretation of any of the provisions of this Certificate of Designation.

 

(b)     Whenever
possible, each provision of this Certificate of Designation shall be interpreted in a manner as to be effective and valid under
applicable law and public policy. If any provision set forth herein is held to be invalid, unlawful or incapable of being enforced
by reason of any rule of law or public policy, such provision shall be ineffective only to the extent of such prohibition or invalidity,
without invalidating or otherwise adversely affecting the remaining provisions of this Certificate of Designation. No provision
herein set forth shall be deemed dependent upon any other provision unless so expressed herein. If a court of competent jurisdiction
should determine that a provision of this Certificate of Designation would be valid or enforceable if a period of time were extended
or shortened, then such court may make such change as shall be necessary to render the provision in question effective and valid
under applicable law.

 

(c)     The
Company will provide to the Holders of the Series A Preferred Stock all communications sent by the Company to the holders of the
Common Stock.

 

(d)     Except
as may otherwise be required by law, the shares of the Preferred Stock shall not have any powers, designations, preferences or
other special rights, other than those specifically set forth in this Certificate of Designations.

 

(e)     Shares
of the Series A Preferred Stock converted into Common Stock shall be retired and canceled and shall have the status of authorized
but unissued shares of Preferred Stock of the Company undesignated as to series and may with any and all other authorized but
unissued shares of Preferred Stock of the Company be designated or re-designated and issued or reissued, as the case may be, as
part of any series of Preferred Stock of the Company.

 

(f)     Notwithstanding
the above terms and conditions of this Designation, the Liquidation Preference and the dollar amounts and share numbers set forth
herein shall be subject to adjustment, as appropriate, whenever there shall occur a stock split, stock dividend, combination,
reclassification or other similar event involving shares of the Series A Preferred Stock. Such adjustments shall be made in such
manner and at such time as the Board of Directors in good faith determines to be equitable in the circumstances, any such determination
to be evidenced in a resolution duly adopted by the Board of Directors. Upon any such equitable adjustment, the Company shall
promptly deliver to each Holder a notice describing in reasonable detail the event requiring the adjustment and the method of
calculation thereof and specifying the increased or decreased Liquidation Preference following such adjustment.

 

    	 	 Page 5 of 6
 Aqua Power Systems Inc.
 
Certificate of Designations of Series A Convertible Preferred Stock

	 

     

    

 

(g)     With
respect to any notice to a Holder required to be provided hereunder, such notice shall be mailed to the registered address of
such Holder, and neither failure to mail such notice, nor any defect therein or in the mailing thereof, to any particular Holder
shall affect the sufficiency of the notice or the validity of the proceedings referred to in such notice with respect to the other
Holders or affect the legality or validity of any redemption, conversion, distribution, rights, warrant, reclassification, consolidation,
merger, conveyance, transfer, dissolution, liquidation, winding-up or other action, or the vote upon any action with respect to
which the Holders are entitled to vote. All notice periods referred to herein shall commence on the date of the mailing of the
applicable notice. Any notice which was mailed in the manner herein provided shall be conclusively presumed to have been duly
given whether or not the Holder receives the notice.

 

IN
WITNESS WHEREOF, the Company has caused this statement to be duly executed by its Chief Executive Officer this 1st
day of September 2015.

 

	 	AQUA POWER SYSTEMS INC.
	 	 
	 	 
	 	By:
	 	Tadashi Ishikawa – President
    and Director
	 	 
	 	 

 

    	 	 Page 6 of 6
 Aqua Power Systems Inc.
 
Certificate of Designations of Series A Convertible Preferred Stock

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