SEC Contract Filing

Filing Date: 2024-12-17

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea022499401ex10-1_nukkleus.htm
<DESCRIPTION>SECURITIES PURCHASE AGREEMENT AND CALL BETWEEN NUKKLEUS INC. STAR 26 CAPITAL INC., THE SHAREHOLDERS OF STAR 26 CAPITAL INC. AND THE REPRESENTATIVE OF SUCH SHAREHOLDERS, DATED DECEMBER 15, 2024
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITIES
PURCHASE AGREEMENT AND CALL OPTION</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Securities Purchase Agreement and Call Option (this &ldquo;<B>Agreement</B>&rdquo;) is made and entered into as of December 15, 2024,
by and among Nukkleus Inc., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;), Star 26 Capital, Inc, a Nevada corporation (the
&ldquo;<B>Seller</B>&rdquo;), the equity holders of the capital of the Seller listed on <U>Schedule A</U> attached hereto (collectively,
the &ldquo;<B>Shareholders</B>&rdquo;) and Menachem Shalom, solely in his capacity as the representative and agent of the Shareholders
(the &ldquo;<B>Shareholders&rsquo; Representative</B>&rdquo;), but solely with respect to the provisions expressly applicable to the
Shareholders&rsquo; Representative as set forth herein.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Company is interested in acquiring 51% of the issued and outstanding capital of the Seller (hereinafter referred to as the &ldquo;<B>Investment</B>&rdquo;)
in consideration for (i) $15,000,000 in a combination of cash and a promissory note in the form attached hereto as <U>Exhibit A</U> (the
&ldquo;<B>Investment Note</B>&rdquo;), (ii) the Company issuing the Seller 2,385,170 shares of common stock of the Company, and (iii)
the Company issuing the Seller five-year warrants to purchase an aggregate of 6,907,859 shares of the Company&rsquo;s common stock for
an exercise price of $1.50 per share and the other terms provided in the warrant attached hereto as <U>Exhibit B</U> (the &ldquo;<B>Investment
Warrants</B>&rdquo;). The Company Shares and Warrants shall be assigned by the Seller to the Shareholders on a pro-rata basis.;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Seller and the Shareholders agree and acknowledge that as of the Closing Date (as defined below) the Investment represents the economic
value of the Seller;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Shareholders are further interested in granting the Company an option to purchase the balance of their holdings in the Seller (49%)
for an aggregate of $16,084,250 in consideration for the issuance to the Shareholders of five-year warrants to purchase an aggregate
of 720,000 shares of the Company&rsquo;s common stock for an exercise price of $1.50 per share and the other terms provided in the warrant
attached hereto as <U>Exhibit C</U> (the &ldquo;<B>Option Warrants</B>&rdquo;); and</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the board of directors of each of the Company and the Seller and the Shareholders have approved this Agreement, and each of them has
determined that this Agreement and the transactions contemplated herein are advisable and in the respective best interests of each of
the Company, the Seller and the Shareholders;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
Nasdaq Rule 5635(a) requires that the Company obtain stockholder approval for a transaction involving (a) &nbsp;the securities to be
issued has or will have upon issuance voting power equal to or in excess of 20% of the voting power out