AMENDMENT TO STOCK REDEMPTION AGREEMENT
Exhibit
10.2
AMENDMENT
TO STOCK REDEMPTION AGREEMENT
This
Amendment to Stock Redemption Agreement (this “Amendment”) is made and entered
into as of February 28, 2006 between Tidel Technologies, Inc., a Delaware
corporation (the “Company”), and Laurus Master Fund, Ltd., a Cayman Islands
company (the “Seller”).
Reference
is made to the Stock Redemption Agreement dated as of January 12, 2006 (the
“Agreement”) between the parties hereto. Capitalized terms used but not defined
herein shall have the meaning ascribed to such terms in the
Agreement.
The
parties hereto agree that the Agreement be and hereby is amended as
follows:
Each
of
Section 4, Section 9(a) and Section 9(b) of the Agreement is amended by deleting
the date “March 31, 2006” in the ultimate sentence thereof and substituting in
lieu thereof the date “May 31, 2006” in each such section.
Except
as
specifically amended hereby, the Agreement shall remain in full force and effect
and hereby is ratified and confirmed as so amended. This 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 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 Amendment.
This
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
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 Amendment.
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of page intentionally left blank]
IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
day
and year hereinabove first set forth.
TIDEL
TECHNOLOGIES, INC.
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By:
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/s/
Xxxx X. Xxxxxxxx
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Name:
Xxxx X. Xxxxxxxx
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Title:
Interim Chief Executive Officer
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LAURUS
MASTER FUND, LTD.
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By:
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/s/
Xxxxx Grin
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Name:
Xxxxx Grin
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Title:
Director
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