This Addendum to the Financing Agreements between Citywide
Management Services, Inc. ("Citywide") and Atlantic Security,
Inc. (the "Company") is entered into this 2nd day of November
2004.
RECITALS
WHEREAS, Citywide has committed to purchase from the Company a
total of $5,500,000 worth of shares of the Company's common stock
pursuant to Regulation S of the Securities Act of 1933, as
amended; and
WHEREAS, the Company has requested and Citywide has agreed to the
restriction set forth herein regarding various activities; and
NOW THEREFORE, in consideration of the agreements and terms
contained herein, and for other valuable consideration, receipt
and sufficiency of which is hereby mutually acknowledged, the
Parties hereto, intending to be legally bound, agree as follows:
1) Citywide, together with its affiliates, will not purchase
securities of the Company that would result in Citywide,
together with its affiliates, beneficially owning in excess
of 4.99% of the number of the Company's shares of common
stock outstanding at that time.
2) This Agreement may be executed as of the same effective
date in one or more counterparts, each of which shall be
deemed an original.
3) This Agreement serves as an addendum to, and not a
replacement of, the Financing Agreements previously entered
into by and between the parties.
Atlantic Security, Inc. Citywide Management Services, Inc.
/s/ Xxxxxxx Xxxxxxxx /s/ P. Lorathern
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By: Xxxxxxx Xxxxxxxx By: P. Lorathern
Its: President Its: authorized signatory
