Exhibit 10.6.3
ALPHA SECURITY GROUP CORPORATION
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
March 16, 2007
Xx. Xxxxxx X. Xxxxxxxxx
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Xx. Xxxxxxxxx:
By signing and dating this letter where indicated below, you hereby
agree with Alpha Security Group Corporation ("Alpha") as follows:
1. You shall loan to Alpha, upon Xxxxx's request, up to Two
Hundred Fifty Thousand ($250,000) Dollars (the "Loan"), in
addition to any and all sums previously advanced by you to
Alpha, to be utilized by Alpha for the payment of costs and
expenses associated with the offer and sale by Alpha of
6,000,000 shares of its common stock in a public offering
underwritten by Maxim Group LLC and I-Banker Securities, Inc.
(the "Offering").
2. No interest shall accrue on the unpaid principal balance of
the Loan.
3. The principal balance of this Loan shall be repayable within
ninety (90) days of the date on which Alpha consummates the
Offering, from interest earned on the trust account, as set
forth in the Registration Statement on Form S-1 relating to
the Offering.
4. This Agreement shall be construed in accordance with and
enforced in accordance with the laws of the State of New York,
without regard to the principles of conflicts of laws.
5. Any provision contained in 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, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.
6. This agreement supercedes in its entirety that certain letter
agreement regarding the Loan dated January 12, 2007
ALPHA SECURITY GROUP
CORPORATION
By: /s/ Xxxxxx X. Xxxxx
-----------------------
Xxxxxx X. Xxxxx
Chief Management Officer
ACCEPTED AND AGREED TO:
/s/ Xxxxxx X. Xxxxxxxxx
-----------------------------
Xxxxxx X. Xxxxxxxxx
Date: March 16, 2007
