SEC Contract Filing

Filing Date: 2015-10-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.10
<SEQUENCE>12
<FILENAME>v422686_ex10-10.htm
<DESCRIPTION>EXHIBIT 10.10
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.10</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECOND AMENDED AND RESTATED RIGHT OF
FIRST REFUSAL AND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CORPORATE OPPORTUNITIES AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">THIS SECOND AMENDED AND RESTATED RIGHT OF
FIRST REFUSAL AND CORPORATE OPPORTUNITIES AGREEMENT (this &ldquo;<B>Agreement</B>&rdquo;) is made as of October 23, 2015 by and
among Global Defense &amp; National Security Systems, Inc., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;), and Global
Integrated Security (USA) Inc., a Delaware corporation (&ldquo;<B>GIS</B>&rdquo;), in connection with the Company&rsquo;s proposed
public offering of shares of common stock, par value $0.0001 per share (the &ldquo;<B>Shares</B>&rdquo;), pursuant to a registration
statement on Form S-1, filed by the Company with the Securities and Exchange Commission (as amended, the &ldquo;<B>Registration
Statement</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECITALS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">WHEREAS, GIS is an affiliate of the Company&rsquo;s
sponsor; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">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 &ldquo;<B>Business Transaction</B>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">WHEREAS, GIS may also be seeking investment
opportunities which may be a part of, in connection with or deemed a Business Transaction; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">WHEREAS, the Company, Sponsor and Escrow
Agent are party to that certain right of first refusal and corporate opportunities agreement, dated October 23, 2013, as amended
and restated on June 21, 2015 (the &ldquo;<B>Current Agreement</B>&rdquo;) to clarify any potential Business Transaction and investment
opportunities for which each party shall have the right of first refusal;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the requisite number of stockholders
of the Company have approved an amendment to the Company&rsquo;s amended and restated certificate of incorporation to, among other
things, extend the date before which the Company must complete a business combination from October, 2015 (the &ldquo;<B>Current
Termination Date</B>&rdquo;) to November 24, 2015 (the &ldquo;<B>Extended Termination Date</B>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">WHEREAS, the parties to the Current Agreement
desire to amend and restate the Current Agreement to provide, among other things, that any references to the Current Termination
Date shall be replaced with the Extended Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Right
of First Refusal</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">For the term specified in <U>Section&nbsp;2</U>
of this Agreement and subject to subsections (b), (c) and (d) of this <U>Section 1</U>, GIS hereby grants to the Company a right
of first refusal&nbsp;as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GIS
shall not enter into any agreement to purchase or invest in a busin