INTERNATIONAL MONITORING, INC. 6990 S.W. 8th Street, Second Floor Miami, FL, 33144 April 10, 2006
Exhibit 10.4
INTERNATIONAL MONITORING, INC.
6990 S.W. 8th Street, Second Floor
Miami, FL, 33144
April 10, 2006
Mr. Sheldon Katz, Vice President
Devcon Security Services Corp.
595 S. Federal Highway
Suite 500
Boca Raton, Florida 33432
| RE: | Agreement between International Monitoring, Inc. (“Seller”) and Devcon Security Services Corp. (“Buyer”) dated as of March 2, 2006 (the “Sale Agreement”; all capitalized terms used herein but not otherwise defined herein should have the meanings ascribed to such terms in the Agreement). |
Dear Sheldon:
This letter agreement (this “Letter Agreement”), when countersigned by you, shall memorialize our agreement with respect to the subject matter herein.
Pursuant to Section 2.1 of the Sale Agreement, Seller and Buyer hereby agree to extend the Closing Date to May 17, 2006. Seller and Buyer acknowledge and agree that Buyer’s right to terminate the Sale Agreement as contemplated by Section 5.1 thereof shall continue until the Closing Date as extended hereby. Seller and Buyer further acknowledge and agree that Seller shall reimburse Buyer up to $5000.00 for reasonable out-of-pocket costs incurred by Buyer in connection with Buyer updating its due diligence review of the Business as a result of the extension of the Closing Date as agreed to hereby.
This Letter Agreement may be executed in two or more counterparts, each of which shall be deemed an original. If any signature to this Letter Agreement is delivered by facsimile transmission, such signature shall create a valid binding obligation of the party executing (or on whose behalf such signature is executed) the same with the same force and effect as if such facsimile signature were the original thereof.
If the foregoing accurately reflects our agreement, please execute this Letter Agreement in the space below and return a copy to Seller by facsimile to ###-###-####.
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| Sincerely, | ||||||
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| INTERNATIONAL MONITORING, INC. | ||||||
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| BY: |
| /s/ Ronald G Farrell |
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| Name: | Ronald G Farrell | |||||
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| Title: | Chief Executive Officer | |||||
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| AGREED AND ACCEPTED BY: |
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| DEVCON SECURITY SERVICES CORP. |
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| By: | /s/ Sheldon Katz |
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| Name: | Sheldon Katz |
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| Title: | Vice President |
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