SECOND AMENDMENT TO VOTING AGREEMENT
Exhibit
10.5
SECOND
AMENDMENT TO VOTING AGREEMENT
This
Second Amendment to Voting Agreement is made and entered into as of June 9,
2006
(the “Second Amendment”) by and among Sentinel Technologies, Inc., a Delaware
corporation (“STI”); Sentinel Operating, L.P., a Texas limited partnership and
an affiliate of LLG (“Sentinel”); Tidel Technologies, Inc., a Delaware
corporation (the “Company”); and Laurus Master Fund, Ltd., a Cayman Island
company (the “Stockholder”).
Reference
is made to the Voting Agreement dated as of January 12, 2006 and amended as
of
February 28, 2006 (as amended, the “Agreement”) among the parties hereto.
Capitalized terms used but not defined herein shall have the meanings ascribed
to such terms in the Agreement.
The
parties hereto agree that the Agreement be and hereby is amended as follows:
Section
1.1 of the Agreement is amended by deleting the date “May 31, 2006” for the
definition of “Termination Date” in the introductory sentence thereof and
inserting in lieu thereof the date “September 30, 2006”.
Section
1.2(a) of the Agreement is amended by deleting the date “April 21, 2006” and
inserting in lieu thereof the date “August 31, 2006”.
Except
as
specifically amended hereby, the Agreement shall remain in full force and effect
and hereby is ratified and confirmed as so amended. This Second Amendment shall
not constitute a novation, satisfaction and accord, cure, release or
satisfaction of the Agreement, but shall constitute an amendment thereof. The
parties hereto agree to be bound by the terms and conditions of the Agreement
as
amended by this Second Amendment, as though such terms and conditions were
set
forth herein and therein in full. Each reference in the Agreement to "this
Agreement," "hereunder," "hereof," "herein" or words of similar import shall
mean and be a reference to the Agreement as amended by this Second
Amendment.
This
Second Amendment shall be governed by and construed and interpreted in
accordance with the choice of law provisions set forth in, and shall be subject
to the notice provisions of, the Agreement.
This
Second Amendment may be executed by facsimile signatures and in any number
of
counterparts, each of which shall be an original, but all of which together
shall constitute one and the same instrument.
This
Second Amendment shall be effective as of April 21, 2006.
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of page intentionally left blank]
IN
WITNESS WHEREOF, STI, Sentinel, the Company, and the Stockholder have caused
this Second Amendment to Voting Agreement to be executed as of the date first
written above.
SENTINEL
TECHNOLOGIES, INC.
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/s/ Xxxxxxx X. Xxxxxx | ||
By:
Xxxxxxx X. Xxxxxx
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Title:
Chief Executive Officer
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SENTINEL
OPERATING, L.P.
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By:
Sentinel Cash Systems, L.L.C., its general partner
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/s/ Xxxxxxx X. Xxxxxx | ||
By:
Xxxxxxx X. Xxxxxx
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Title:
President
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TIDEL
TECHNOLOGIES, INC.
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/s/ Xxxxxxx X. Xxxx | ||
By:
Xxxxxxx X. Xxxx
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Title:
Director
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LAURUS
MASTER FUND, LTD.
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/s/ Xxxxxx Grin | ||
By:
Xxxxxx Grin
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Title:
Director
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