SEC Contract Filing

Filing Date: 2015-11-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.8
<SEQUENCE>3
<FILENAME>v424082_ex10-8.htm
<DESCRIPTION>EXHIBIT 10.8
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.8</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">October 23, 2015</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">Global Defense &amp; National Security Systems, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">11921 Freedom Drive, Suite 550<BR>
Two Fountain Square</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Reston, Virginia 20190</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">Re: INITIAL PUBLIC OFFERING</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This amended and restated letter (this &quot;<B>Letter
Agreement</B>&quot;) amends and restates that certain Letter Agreement, dated as of July 21, 2015 (the &ldquo;<B>Current Letter
Agreement</B>&rdquo;) by and among Global Defense &amp; National Security Systems, Inc., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;)
and the undersigned. The Current Letter Agreement was delivered to you in accordance with the Underwriting Agreement (the &quot;<B>Underwriting
Agreement</B>&quot;) entered into among the Company, Cowen &amp; Company, LLC, Maxim Group LLC, and I-Bankers Securities, Inc.
(together with Cowen &amp; Company, LLC and Maxim Group LLC, the &ldquo;<B>Underwriters</B>&rdquo;), dated October 24, 2013, relating
to an underwritten initial public offering (the &ldquo;<B>IPO</B>&rdquo;) of up to 6,900,000 shares of common stock, par value
$0.0001 per share (the &ldquo;<B>Common Stock</B>&rdquo;) of the Company. The Common Stock have been sold in the IPO pursuant to
a registration statement on Form S-1 and prospectus (the &quot;<B>Prospectus</B>&quot;) filed by the Company with the Securities
and Exchange Commission and the Company&rsquo;s Common Stock is listed on the Nasdaq Capital Market. Certain capitalized terms
used herein are defined in Section 13 hereof.</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 24, 2015 (the &ldquo;Current
Termination Date&rdquo;) to November 24, 2015 (the &ldquo;Extended Termination Date&rdquo;); and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the parties to the Current Letter
Agreement desire to amend and restate the Current Letter 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: 0.5in">The undersigned hereby agrees with the Company
as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1. If the Company solicits approval of its stockholders of a
proposed Business Combination, the undersigned will vote all Insider Shares and any shares acquired by the undersigned in the IPO
or the secondary public market in favor of any such proposed Business Combination. The undersigned will not convert any of the
shares of Common Stock owned by the undersigned into their pro rata share of the aggregate amount then on deposit in the Trust
Account in connection with a stockholder vote to approve a Business Combination or in connection with any vote to amend the Amended
and Restated Certificate of Incorporation of the Company or sell any of the shares of Common Stock owned by the undersigned pursuant
to a tender offer as described in the Registration Statement.</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">2. In the event that the Company fails to consummate a Business
Combination within twenty-five (25) months from the effective date (the &ldquo;<B>Effective Date</B>&rdquo;) of the Registration
Statement, the undersigned will take all reasonable actions within the undersigned&rsquo;s power to (i) cease all operations except
for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten (10) business days thereafter, redeem
100% of the outstanding IPO Shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the
Trust Account, less franchise and income taxes to the extent the