SECURITY AGREEMENTSecurity Agreement • August 27th, 2008 • Msgi Security Solutions, Inc • Electronic components & accessories • New York
This SECURITY AGREEMENT, dated as of August __, 2008 (this “Agreement”), is among MSGI Security Solutions, Inc., a Nevada corporation (the “Company”), all of the Subsidiaries of the Company (such subsidiaries, the “Guarantors” and together with the Company, the “Debtors”) and the holders of the Company’s 8% Secured Convertible Debentures due May 21, 2010 and issued on August __, 2008, in the original aggregate principal amount of $4,000,000 (collectively, the “Debentures”) signatory hereto, their endorsees, transferees and assigns (collectively, the “Secured Parties”).
SUBSIDIARY GUARANTEESubsidiary Guarantee • August 27th, 2008 • Msgi Security Solutions, Inc • Electronic components & accessories • New York
SUBSIDIARY GUARANTEE, dated as of August __, 2008 (this “Guarantee”), made by each of the signatories hereto (together with any other entity that may become a party hereto as provided herein, the “Guarantors”), in favor of the purchasers signatory (the “Purchasers”) to that certain Securities Exchange Agreement, dated as of the date hereof, between MSGI Security Solutions, Inc., a Nevada corporation (the “Company”) and the Purchasers.
SECURITIES EXCHANGE AGREEMENTSecurities Exchange Agreement • August 27th, 2008 • Msgi Security Solutions, Inc • Electronic components & accessories • New York
This Securities Exchange Agreement (this “Agreement”) is dated as of August 21, 2008, between MSGI Security Solutions, Inc., a Nevada corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
