Document:

AMENDED AND RESTATED
                              EMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT ("AGREEMENT") made as of 19th day of February, 2003
and amended as of this 2nd day of August, 2004 by and among SpectaGuard Holding
Corporation, f/k/a Gryphon SpectaGuard II, Inc. ("HOLDING"), SpectaGuard
Acquisition LLC, a Delaware limited liability company (the "COMPANY"), and
William C. Whitmore, Jr. ("EXECUTIVE").

     WHEREAS, the Executive was employed as President of the Company pursuant to
an employment agreement by and between the Executive and the Company, dated
January 23, 1998 (the "EXISTING AGREEMENT"); and

     WHEREAS, in connection with the acquisition of the business of the Company
by Mafco Holdings Inc. or its affiliates ("MAFCO"), Holding, the Company and the
Executive desired to enter into this Agreement, which superseded and replaced
the Existing Agreement and governs the terms of the Executive's employment with
Holding as of the Effective Date (as defined below).

     WHEREAS, the parties hereto desire to amend this Agreement to account for
the termination of the Second Amended and Restated Operating Agreement of
SpectaGuard, dated February 19, 2003, as amended and the execution of the
Operating Agreement of Allied Holdings, dated August 2, 2004 (the "LLC
Agreement").

     NOW, THEREFORE, the parties hereto agree as follows:

     1. EFFECTIVE DATE. This Agreement shall become effective as of the
Effective Time, as such term is defined in the Agreement and Plan of Merger by
and among the Company, Mafco and Mafco Acquisition Sub LLC, dated as of January
16, 2003 (the "MERGER Agreement") (the date on which the Effective Time occurs
shall be referred to herein as the "EFFECTIVE DATE"). As of the Effective Date,
the Executive's employment with the Company shall terminate, his employment with
Holding shall commence and this Agreement shall be substituted for and shall
supersede the Existing Agreement in its entirety. This Agreement shall be void
and of no further force or effect if the Merger Agreement is terminated.

     2. TITLE. As of the Effective Date, Executive is hereby appointed the Chief
Executive Officer of Holding. In addition, the Executive agrees to serve as a
member of the Board of Directors of Holding (the "BOARD").

     3. DUTIES AND RESPONSIBILITIES. Executive hereby agrees to perform in good
faith and with due care all services which may be required of Executive in such
position and to be available to render such services at all reasonable times and
places in accordance with such reasonable directions and requests as the Board
may from time to time reasonably specify. Executive shall, during the Term (as
defined below), devote substantially all of his time, ability, energy and skill
to the performance of his duties and

responsibilities hereunder. Holding shall provide Executive an office and
secretary and such other assistance and work accommodations as are deemed
appropriate by the Board for the performance of Executive's duties. Executive
shall perform his responsibilities from, and his associated staff shall be
located in, the Company's principal offices currently located in King of
Prussia, PA. Executive shall be provided a computer and modem for his use at his
home office.

     4. TERM. The term of this Agreement shall commence as of the Effective Date
and shall continue until the fifth anniversary of the Effective Date, or if
earlier, until the date the Executive's employment is terminated for any reason
(the "TERM").

     5. COMPENSATION.

          A. Base Salary. During the Term, Executive shall be paid a base
salary. The base salary for the first year of the Term shall be U.S. $400,000
per annum, and such base salary shall be increased for each subsequent year
during the Term by eight percent (8%) of the base salary with respect to the
prior year of the Term (the "BASE SALARY").

          B. Method of Payment. Executive's Base Salary shall be paid in
accordance with Holding's standard payroll practices. Holding shall deduct and
withhold from Executive's compensation payable hereunder any and all applicable
foreign, federal, state and local income and employment withholding taxes and
any other amounts required to be deducted or withheld by Holding under
applicable statutes, regulations, ordinances or orders governing or requiring
the withholding or deduction of amounts otherwise payable as compensation or
wages to employees.

          C. Vacation. Executive shall be entitled to four (4) weeks paid days
of vacation and such number of paid days of sick leave as the Company's sick
leave policy provides for executive officers.

          D. Bonus. Executive shall be eligible to receive a bonus with respect
to each fiscal year ending during the Term (the "ANNUAL BONUS") commencing with
the fiscal year ending December 31, 2003, with a target Annual Bonus of fifty
percent (50%) of his Base Salary, which Annual Bonus shall be determined based
upon the achievement of Company EBITDA targets set with respect to the
applicable year by the Board ("EBITDA TARGETS"). Applicable EBITDA Targets will
be equitably adjusted by the Board to reflect the pro forma effect of any
acquisition which (alone or in aggregate with other acquisitions occurring in
the same calendar year) has a pro forma effect on the EBITDA of at least 20%.

          E. Cancellation of Options; Equity Grants; Special Payment.

               (1) Option Cancellation. Each of the options to acquire equity in
the Company held by the Executive immediately prior to the Effective Date shall
be cancelled immediately prior to the Effective Date.

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               (2) Class B Units. Subject to the terms and conditions of the LLC
Agreement, and subject further and subject further to the Executive's execution
of the Capital Contribution Agreement by and among Holding, the Executive,
Albert J. Berger, William A. Torzolini, Christopher E. Dunne, Mark P.
Desrosiers, Ronald Rabena, John Redden, Richard L. Finley, Laura J. Cerar, OCM
Specta Holdings, Inc., Blackstone SG Mezzanine Corporation, Donald G. Drapkin,
Howard Gittis, Barry F. Schwartz and Allied Security Holdings LLC ("ALLIED")
dated as of August 2, 2004 (the "CONTRIBUTION AGREEMENT"), the Executive shall
be granted 27,893.99 Class B Units (as defined in the LLC Agreement) of Allied.

               (3) Class C Units. Subject to the terms and conditions of the LLC
Agreement applicable to Class C Units and the individual Award Agreement entered
into by and between Holding and the Executive (the "AWARD AGREEMENT") (attached
as Exhibit A hereto), and further subject to the Executive's execution of the
Contribution Agreement, effective as of the Effective Date, the Executive shall
be granted 40,000 unvested Class C Units of Allied. Class C Units shall vest as
follows:

                    (a) 20,000 Class C Units ("TIME BASED C UNITS") shall vest
     (except as set forth in Section 10C) at a rate of 20% per year on December
     31 of each of 2003, 2004, 2005, 2006 and 2007, provided the Executive is
     employed by Holding or any of its affiliates on such applicable December
     31; and

                    (b) 20,000 Class C Units ("PERFORMANCE C UNITS") shall vest
     (except as set forth in Section 10C) at a rate of 20% per year on December
     31 of each of 2003, 2004, 2005, 2006 and 2007, provided the Executive is
     employed by Holding or any of its affiliates on such applicable December
     31, and provided further that the EBITDA Target with respect to the
     applicable fiscal year has been met. If the EBITDA Target with respect to
     the applicable fiscal year is not met, then the related Performance C Units
     shall be forfeited and cancelled as of the applicable December 31.
     Applicable EBITDA Targets will be equitably adjusted by the Board to
     reflect the pro forma effect of significant acquisitions.

                    (c) Notwithstanding the above, provided that the Executive
     is employed by Holding or any of its affiliates on the date of such
     occurrence, all unvested Class C Units then held by the Executive
     (excluding, however, any previously forfeited Performance C Units) shall
     vest upon the earliest to occur of: (i) a sale of all or substantially all
     of the assets of the Company Offeror (as defined in the LLC Agreement) to a
     Third Party (as defined in the LLC Agreement), (ii) the failure of Mafco
     and the Permitted Transferees (as defined in the LLC Agreement) of Holding,
     collectively, to (directly or indirectly) maintain "beneficial ownership"
     (as defined in Rule 13d-3 ("RULE 13D-3") of the Securities Exchange Act of
     1934, as amended) of securities of the Company Offeror representing at
     least twenty percent (20%) of the combined ordinary

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     voting power of the Company Offeror's then outstanding securities that are
     entitled to vote generally; and (iii) (1) the failure of Mafco and the
     Permitted Transferees of Holding, collectively, to (directly or indirectly)
     maintain beneficial ownership of securities of the Company Offeror
     representing at least fifty percent (50%) of the combined ordinary voting
     power of the Company Offeror's then outstanding securities that are
     entitled to vote generally and (2) any "person" (as defined in Rule 13d-3)
     or "persons" acting in concert, is or becomes the beneficial owner,
     directly or indirectly, of securities of the Company Offeror representing a
     greater percentage of the combined ordinary voting power of the Company
     Offeror's then outstanding securities that are entitled to vote generally
     than owned by Mafco and the Permitted Transferees of Holding, collectively.
     Notwithstanding the immediately preceding sentence, unvested Class C Units
     then held by the Executive shall not vest as a result of the consummation
     of a Conversion Transaction (as defined in the LLC Agreement).

               (4) Special Payment. The Executive shall receive a cash payment
from Holding in the amount of $4,260,402 (net of any applicable withholding)
(augmented, if applicable, in accordance with Section 5.E(5)) upon the
occurrence of the earliest of: i) a Realization Event (as defined below), ii)
expiration of the originally scheduled Term, or iii) termination of Executive's
employment by the Company without Cause (as defined below), by the Executive for
Good Reason (as defined below), or due to Death (as defined below) or Disability
(as defined below) (the "SPECIAL PAYMENT").

For purposes of this Agreement, a "Realization Event" shall mean the first to
occur of any of the following during the Term: (i) the consummation by the
Company Offeror of an underwritten public offering of its Registrable Securities
(as defined in the LLC Agreement) pursuant to an effective registration
statement filed under the Securities Act of 1933, as amended (an "IPO"); (ii)
the sale of all or substantially all of the assets of the Company Offeror to a
Third Party; and (iii) the failure of Mafco and the Permitted Transferees of
Holding, collectively, to (directly or indirectly) maintain beneficial ownership
of securities of the Company Offeror representing at least fifty percent (50%)
of the combined ordinary voting power of the Company Offeror's then outstanding
securities that are entitled to vote generally; provided, however, that, for the
avoidance of doubt, a Conversion Transaction shall not be deemed to constitute a
Realization Event.

               (5) Gross-Up Payment. When the Special Payment is paid to the
Executive, if any portion of such Special Payment is taxed to the Executive at a
federal rate of tax higher than the highest applicable federal capital gains tax
rate as then set forth and in effect in Section 1(h) of the Internal Revenue
Code of 1986, as amended (the "CODE") (excluding rates on capital gains from
special categories of property), then Holding shall make a gross-up payment (the
"GROSS-UP PAYMENT") to the Executive. The Gross-Up Payment shall be made in the
amount that together with the Special Payment (net of all federal, state and
local taxes imposed on Executive with respect to the Gross-Up Payment and the
Special Payment) equals the Special Payment

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net of all federal, state and local taxes that would have been imposed on
Executive with respect to such payment if it had been taxed at capital gains
rates; provided however, that such Gross-Up Payment shall be payable only in the
event that the Special Payment and the Gross-Up Payment are allowed as
deductions in calculating the net income of Holding for federal income tax
purposes.

               (6) The obligations of the Company under this Section 5 are
unsecured and constitute a mere promise by the Company to make payments in the
future. To the extent that the Executive acquires a right to receive payments
from the Company under this Section 5, such right shall be no greater than the
right of any general unsecured creditor of the Company. The obligations under
this Section 5 are not intended to be funded obligations for purposes of the
Code or the Employee Retirement Income Security Act of 1974, as amended, and
shall be construed consistently with this intent. Any payment under this Section
5 shall be made out of the general assets of the Company.

     6. BUSINESS EXPENSE REIMBURSEMENT. Executive shall be entitled, in
accordance with Holding's written expense reimbursement policies in effect from
time to time, to receive reimbursement from Holding for all travel and other
reasonable business expenses incurred by Executive in the performance of his
duties hereunder, provided Executive furnishes Holding with vouchers, receipts
and other details of such expenses in accordance with the Holding's written
expense reimbursement policies. Executive shall be provided with a corporate
credit card for his business use, and will be reimbursed within fifteen (15)
days of presentation for appropriate business expenses as provided above.

     7. BENEFITS.

          A. During the Term, Holding shall provide Executive and his dependents
with coverage under the Company's applicable medical, dental and/or vision plans
and other employee benefits as are applicable to senior executives of Holding or
the Company.

          B. The Executive shall be entitled to participate in any qualified
retirement plan or supplemental retirement plan for employees of Holding or the
Company. The plan or plans for all eligible participants shall be in accordance
with the projections and budget agreed upon annually by the Board and shall in
no event cost in excess of one million dollars ($1,000,000) annually in the
aggregate.

          C. During the Term, Holding will pay the premiums on a term life
insurance policy providing the Executive with a life insurance benefit for a
term of fifteen (15) years in the amount of five million dollars ($5,000,000).
The policy shall permit the Executive to designate the beneficiary and Holding
will allow the Executive to maintain the policy, at his expense, following any
termination of employment.

     8. RESTRICTIVE COVENANT.

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          A. For the purposes of this Section 8, any reference to the "Company"
shall mean Holding, the Company and their respective subsidiaries, collectively.
In view of the fact that the Executive's work for the Company brings the
Executive into close contact with many confidential affairs of the Company not
readily available to the public, and plans for further developments, the
Executive agrees:

               (1) To keep and retain in the strictest confidence all
confidential matters of the Company, including, without limitation, "know how,"
trade secrets, customer lists, pricing policies, operational methods, technical
processes, formulae, inventions and research projects, and other business
affairs of the Company, learned by the Executive heretofore or hereafter, and
not to disclose them to anyone outside of the Company, either during or after
the Executive's employment with the Company, except in the course of performing
the Executive's duties hereunder or with the Company 's express written consent;
and

               (2) To deliver promptly to the Company on termination of the
Executive's employment by the Company, or at any time the Company may so
request, all memoranda, notes, records, reports, manuals, drawings, blueprints
and other documents (and all copies thereof) relating to the Company's business
and all property associated therewith, which the Executive may then possess or
have under the Executive's control.

          B. During the period of the Executive's employment and, following
termination of such employment for Cause by the Company or without Good Reason
by the Executive, for the longer of the remainder of the originally scheduled
Term and two years following the date of such termination, and following any
other termination of employment for as long as the period in respect of which
the Executive is entitled to receive severance, the Executive shall not,
directly or indirectly, enter the employ of, or render any services to, any
person, firm or corporation engaged in any business competitive with the
business of the Company (provided that after the termination of employment the
business shall be defined as the business on the date of the termination); the
Executive shall not engage in such business on the Executive's own account; and
the Executive shall not become interested in any such business, directly or
indirectly, as an individual, partner, shareholder, director, officer,
principal, agent, employee, trustee, consultant, or in any other relationship or
capacity provided, however, that nothing contained in this Section 8B shall be
deemed to prohibit the Executive from acquiring, solely as an investment, up to
five percent (5%) of the outstanding shares of capital stock of any public
corporation.

          C. If the Executive commits a breach, or threatens to commit a breach,
of any of the provisions of Section 8 hereof, the Company shall have the
following rights and remedies:

               (1) The right and remedy to have the provisions of this Agreement
specifically enforced by any court having equity jurisdiction, it being
acknowledged and agreed that any such breach or threatened breach will cause

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irreparable injury to the Company and that money damages will not provide an
adequate remedy to the Company; and

               (2) The right and remedy to require the Executive to account for
and pay over to the Company all compensation, profits, monies, accruals,
increments or other benefits (collectively, "BENEFITS") derived or received by
the Executive as the result of any transactions constituting a breach of any of
the provisions of the preceding paragraph, and the Executive hereby agrees to
account for and pay over such Benefits to the Company.

Each of the rights and remedies enumerated above shall be independent of the
other, and shall be severally enforceable, and all of such rights and remedies
shall be in addition to, and not in lieu of, any other rights and remedies
available to the Company under law or in equity.

          D. If any of the covenants contained in Sections 8A or 8B or any part
thereof, hereafter are construed to be invalid or unenforceable, the same shall
not affect the remainder of the covenant or covenants, which shall be given full
effect, without regard to the invalid portions.

          E. If any of the covenants contained in Sections 8A or 8B, or any part
thereof, are held to be unenforceable because of the duration of such provision
or the area covered thereby, the parties agree that the court making such
determination shall have the power to reduce the duration and/or area of such
provision and, in its reduced form, said provision shall then be enforceable.

          F. The parties hereto intend to and hereby confer jurisdiction to
enforce the covenants contained in Sections 8A and 8B upon the courts of any
state within the geographical scope of such covenants. In the event that the
courts of any one or more of such states shall hold such covenants wholly
unenforceable by reason of the breadth of such covenants or otherwise, it is the
intention of the parties hereto that such determination not bar or in any way
affect the Company's right to the relief provided above in the courts of any
other states within the geographical scope of such covenants as to breaches of
such covenants in such other respective jurisdictions, the above covenants as
they relate to each state being for this purpose severable into diverse and
independent covenants.

     9. INVENTIONS; PATENTS; INTELLECTUAL PROPERTY. For purposes of this Section
9, any reference to the "Company" shall mean Holding, the Company, Mafco and
their respective affiliates, collectively.

          A. Inventions and Patents. The Executive agrees that all processes,
technologies and inventions (collectively, "INVENTIONS"), including new
contributions, improvements, ideas and discoveries, whether patentable or not,
conceived, developed, invented or made by him during the Term shall belong to
the Company, provided that such Inventions grew out of the Executive's work with
the Company, are related to the business (commercial or experimental) of the
Company or are conceived or

                                        7

made on the Company 's time or with the use of facilities or materials of the
Company. The Executive shall further: (1) promptly disclose such Inventions to
the Company; (2) assign to the Company, without additional compensation, all
patent and other rights to such Inventions for the United States and foreign
countries; (3) sign all papers necessary to carry out the foregoing; and (4)
give testimony in support of the Executive's inventorship.

               (1) If any Invention is described in a patent application or is
disclosed to third parties, directly or indirectly, by the Executive within two
(2) years after the termination of the Executive's employment by the Company, it
is to be presumed that the Invention was conceived or made during the Term.

               (2) The Executive agrees that the Executive will not assert any
rights to any Invention as having been made or acquired by the Executive prior
to the date of this Agreement, except for Inventions, if any, disclosed to the
Company in writing prior to the date hereof.

          B. Intellectual Property. The Company shall be the sole owner of all
the products and proceeds of the Executive's services hereunder, including, but
not limited to, all materials, ideas, concepts, formats, suggestions,
developments, arrangements, packages, programs and other intellectual properties
that the Executive may acquire, obtain, develop or create in connection with and
during the Term, free and clear of any claims by the Executive (or anyone
claiming under the Executive) of any kind or character whatsoever (other than
the Executive's right to receive payments hereunder). The Executive shall, at
the request of the Company, execute such assignments, certificates or other
instruments as the Company may from time to time deem necessary or desirable to
evidence, establish, maintain, perfect, protect, enforce or defend its right,
title or interest in or to any such properties.

     10. TERMINATION OF EMPLOYMENT.

          A. Method of Termination. Executive's employment pursuant to this
Agreement shall terminate upon the first of the following to occur:

               (1) The fifth anniversary of the Effective Date;

               (2) Executive's death ("DEATH");

               (3) the date that written notice is deemed given or made by
Holding to the Executive of his inability to perform his services. Such notice
may be issued when the Board has reasonably determined that Executive has become
unable to substantially perform his services and duties hereunder because of
physical or mental illness, injury or disability, that as a result thereof
Executive has failed to substantially perform his services and duties hereunder
for a period of one hundred and eighty (180) days in any twelve month period and
that it is reasonably likely that he will not be able to substantially resume
performing his services and duties on substantially the terms and conditions as
set forth in this Employment Agreement; such termination of employment by
Holding being referred to herein as a termination for "DISABILITY";

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               (4) the date that final written notice is deemed given or made by
Holding to the Executive of termination for Cause (as defined below). For
purposes of this Employment Agreement, "CAUSE" shall mean the occurrence of any
one of the following:

                    (a) gross negligence by the Executive in the performance of
     his duties and responsibilities, (b) any breach by Executive of his
     fiduciary duties to Holding or the Company, which failure or breach
     continues for a period of thirty (30) days after written notice of such
     failure is given to Executive and which failure has a material adverse
     effect on Holding's or the Company's operations, prospects, reputation or
     business, (c) any intentional act or acts or omission or omissions (other
     than acts or omissions involving business judgment or at the direction of
     the Board or an executive officer of Mafco) by Executive that have a
     material adverse effect on Holding's or the Company's operations,
     prospects, reputation or business, (d) the Executive's willful failure or
     refusal to comply with lawful directives of the Board not cured within
     thirty (30) days after written notice, (e) the conviction of Executive for
     a felony involving dishonesty by Executive or (f) fraud or embezzlement
     involving assets of Holding or any of its affiliates including the Company
     or other material misappropriation of Holding's or any of its affiliates'
     assets or funds.

               (5) Executive's resignation or voluntary departure as an officer
or employee of Holding, upon not less than sixty (60) days written notice to
Holding (a "VOLUNTARY RESIGNATION") without Good Reason (as defined below).

               (6) Executive's resignation or voluntary departure as an officer
or employee of Holding for any reason that constitutes Good Reason (as defined
below). For purposes of this Agreement, "GOOD REASON" shall mean the occurrence
of either of the following: (a) a reduction in the Executive's duties,
responsibilities or compensation which is not cured within a period of thirty
(30) days after written notice of such material reduction is given by Executive
to the Board, (b) relocation of the Executive's principal place of employment to
a location that is more than fifty (50) miles from the Executive's principal
place of employment as of the date hereof, or (c) material uncured breach of the
Agreement by Holding or the Company.

               (7) Holding's termination of Executive's employment for any
reason other than for Cause or Disability upon not less than sixty (60) days
written notice to Executive (an "INVOLUNTARY TERMINATION").

          B. Effect of Termination for Cause, Death, Disability or Voluntary
Resignation. Upon the termination of Executive's employment (1) by Holding for
Cause, (2) due to the Executive's Death or Disability, or (3) by Executive in a
Voluntary Resignation, Holding shall pay or cause to be paid to the Executive
any accrued and owing Base Salary and Annual Bonus as of the date of termination
of Executive's employment pursuant to this section ("Accrued Obligations");
provided,

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however, that if Executive is terminated due to Disability and at any time prior
to two years after the date of Executive's termination Executive ceases to
receive disability payments from insurance providers, then Holding shall pay
Executive, in equal installments over a two year period commencing on the date
the Executive ceases to receive such disability, payments; an amount equal to
(x) two (2) times the Executive's Base Salary at the time of such termination
minus (y) all amounts received by Executive from other parties for services
rendered during the two (2) year period after the termination and all disability
payments received by Executive during such two (2) year period. All of
Executive's unvested Class C Units shall be forfeited and cancelled as of the
date of such termination of employment.

          C. Effect of Involuntary Termination or Termination for Good Reason.
Upon termination of the Executive's employment (1) by Holding or the Company as
an Involuntary Termination, or (2) by the Executive for Good Reason, so long as
Executive is not in breach or default of any of the covenants set forth in
Sections 8 and 9 hereof, then Holding shall pay or cause to be paid to the
Executive (subject to the execution by the Executive of a release of claims
against Holding and its affiliates including the Company in a form prescribed by
Holding for such purpose) (i) the Accrued Obligations, (ii) Base Salary for the
remainder of the originally scheduled Term, plus (iii) Executive's target Annual
Bonus for the year in which termination of employment occurs. The amounts
referenced in (i) and (iii) above shall be paid as soon as practicable following
the execution of the applicable release. The amount referenced in (ii) above
shall continue to be paid in accordance with Holding's standard payroll
practices. The Executive shall become fully vested in his Time Based Class C
Units as of the date of termination of employment pursuant to this Section 10C.
All of the Executive's Performance C Units, the vesting of which relates to any
year subsequent to the year in which the date of termination occurs, shall be
forfeited as of the date of such termination of employment. The Executive's
Performance C Units, the vesting of which relates to the year in which such
termination of employment occurs, shall vest on December 31 of such year if the
applicable performance criteria for such vesting are met with respect to such
year and shall be forfeited and cancelled as of such December 31 otherwise. The
Executive shall also be entitled to receive the medical benefits and life
insurance benefits described in Section 7 hereof (offset by any similar benefits
received from a subsequent employer) during the remainder of the originally
scheduled Term.

     11. SUCCESSORS AND ASSIGNS. This Agreement, and the Executive's rights and
obligations hereunder, may not be assigned by the Executive. Holding or the
Company may each assign its rights, together with its obligations, hereunder to
third parties in connection with any sale, transfer or other disposition of all
or substantially all of its business or assets; in any event the obligations of
Holding and the Company hereunder shall be binding on each of its successors or
assigns, whether by merger, consolidation or acquisition of all or substantially
all of its business or assets.

     12. GOVERNING DOCUMENT. This Agreement sets forth the entire agreement and
understanding of the parties relating to the subject matter hereof, and
supersedes all prior agreements, arrangements and understandings, written or
oral, relating to the subject matter hereof, including, without limitation, the
Existing

                                       10

Agreement between the Company and the Executive, including all Appendices and
Amendments thereto, which Existing Agreement is deemed terminated in accordance
with Section 1 of this Agreement and shall be of no further force or effect. No
representation, promise or inducement has been made by either party that is not
embodied in this Agreement, and neither party shall be bound by or liable for
any alleged representation, promise or inducement not so set forth.

     13. APPLICABLE LAW. This Agreement shall, in all respects, be governed by
the laws of the State of Delaware applicable to agreements executed and to be
wholly performed within the State of Delaware.

     14. ARBITRATION. Any and all disputes between Executive and (i) Holding or
(ii) the Company, or any of their employees, which arise out of Executive's
employment or under the terms of this Agreement shall be resolved through final
and binding arbitration. This shall include, without limitation, disputes
relating, to this Agreement, Executive's employment by Holding or the
termination thereof, claims for breach of contract or breach of the covenant of
good faith and fair dealing, and any claims of discrimination or other claims
under Title VII of the Civil Rights Act of 1964, the Age Discrimination in
Employment Act, the Americans with Disabilities Act, or any other foreign,
federal, state or local law or regulation now in existence or hereinafter
enacted and as amended from time to time concerning in any way the subject of
the Executive's employment with Holding or its termination. The only claims not
covered by this Agreement are claims for benefits under the workers'
compensation or unemployment insurance laws, which will be resolved pursuant to
those laws. Final and binding arbitration will be conducted in Philadelphia,
Pennsylvania, in accordance with the rules and regulations of the American
Arbitration Association. Each party will pay 50% of the cost of the arbitration
filing and hearing fees, and the cost of the arbitrator; each side will bear its
own attorneys' fees, that is, the arbitrator will not have authority to award
attorneys' fees unless a statutory section at issue in the dispute authorizes
the award of attorneys' fees to the prevailing party, in which case the
arbitrator has authority to make such award as permitted by the statute in
question. Executive understands and agrees that the arbitration shall be instead
of any civil litigation and that this means that he is waiving his right to a
jury trial as to such claims. The parties further understand and agree that the
arbitrator's decision shall be final and binding to the fullest extent permitted
by law and enforceable by any court having jurisdiction thereof.

     15. COUNTERPARTS. This Agreement may be executed in more than one
counterpart, each of which shall be deemed an original, but all of which
together shall constitute but one and the same instrument.

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     IN WITNESS WHEREOF, the parties have executed this Agreement as of the day
and year written above.

 /s/  William C. Whitmore, Jr.    SPECTAGUARD ACQUISITION LLC
-------------------------------
   William C. Whitmore, Jr.

                                  By:   /s/ William A. Torzolini
                                     -----------------------------------
                                     Name:  William A. Torzolini
                                     Title: Chief Financial Officer and
                                            Treasurer

                                  SPECTAGUARD HOLDING CORPORATION

                                  By:  /s/ Todd J. Slotkin
                                     -----------------------------------
                                     Name:  Todd J. Slotkin
                                     Title: Chief Financial OfficerEMPLOYMENT AGREEMENT
                              --------------------

     This AGREEMENT (the "Agreement") is made as of this ____________, by and
between SpectaGuard Holding Corporation, a Delaware corporation (the "Company"),
and ____________ (the "Executive").

     WHEREAS, beginning on ____________ (the "Effective Date"), the Company
desires that the Executive serve as ____________ of the Company and the
Executive desires to serve in such capacity;

     WHEREAS, the Company and the Executive desire to enter into an employment
agreement to govern the terms and conditions of the Executive's employment by
the Company;

     NOW THEREFORE, in consideration of the mutual covenants and promises
hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company and the Executive
hereby agree as follows:

1. Employment Duties.

     (a) This Agreement shall become effective on the Effective Date noted
above. During the employment period fixed by SECTION 3 hereof (the "Employment
Period"), the Executive hereby agrees to serve as ____________ of the Company
and the Company hereby agrees to employ the Executive as such. The Executive
shall report to the Chief Executive Officer of the Company and to such person as
he or she may delegate.

     (b) During the Employment Period, the Executive will not, without the prior
written consent of the Company, directly or indirectly engage in any other
business activities or pursuits whatsoever, except activities in connection with
(i) any charitable or civic activities, (ii) personal investments, and (iii)
serving as an executor, trustee or in another similar fiduciary capacity for a
non-commercial entity; provided, however, that any such activities shall not
materially interfere with her performance of her responsibilities and
obligations pursuant to this Agreement. With the approval of the Chief Executive
Officer of the Company, the Executive may engage in any other business
activities or pursuits not otherwise permitted under this SECTION 1.

2. Compensation.

     (a) During the Employment Period, the Company shall pay the Executive a
cash base salary of $____________ per annum (the "Base Salary"). The Base Salary
shall be paid to the Executive, less applicable withholdings, in installments
pursuant to the Company's normal and customary executive officer payroll
procedures. The Executive's Base Salary shall be reviewed annually by the Chief
Executive Officer, or his or her designee, beginning with calendar year ____.

     (b) In addition to the Base Salary, during the Employment Period, the
Executive shall be entitled to participate in such bonus and other incentive
award programs as determined by the Chief Executive Officer, or his or her
designee. In addition, the Executive shall be entitled to participate in any
employee benefit plans and programs as are generally applicable to executive

officers and, to the extent permitted by law, to employees of the Company and in
such other benefit plans and programs as determined by the Chief Executive
Officer, or his or her designee.

     (c) The Executive will participate in any Company deferred compensation and
equity ownership/option plans as are applicable and available to the Company's
other senior managers. If applicable, the terms and conditions of any such plans
shall be disclosed to Executive in separate documentation, along with the award
and/or participation level (which level shall be determined by the Chief
Executive Officer, at his or her sole discretion).

3. Employment Period. The Employment Period shall commence on the Effective Date
and shall terminate on the day preceding the ____________ anniversary of the
Effective Date (the "Scheduled Termination Date," as such date may be modified
by the following clause); provided, that the Executive's Employment Period and
the Scheduled Termination Date shall automatically extend for one additional
year upon each anniversary of the Effective Date, unless the Company or the
Executive notifies the other party in writing of its intent not to extend the
term of employment under this Agreement no less than sixty (60) days before the
applicable anniversary date. Notwithstanding anything in this SECTION 3 to the
contrary, Executive's employment shall end earlier than the Scheduled
Termination Date, or any renewal period thereafter, if terminated upon death, by
the Company for Cause (as hereinafter defined) or otherwise by the Executive or
the Company pursuant to notice given as provided in SECTION 4 hereof.

4. Termination Procedure.

     (a) Subject to SECTION 4(b) below, the Company or the Executive may
terminate this Agreement at any time during the Employment Period (other than
due to the Executive's death or a termination by the Company for Cause) if
notice of such termination is communicated by written "Notice of Termination" to
the Executive or the Company no later than sixty (60) days prior to the desired
date of termination of this Agreement.

     (b) Upon termination of the Executive's employment with the Company for any
reason, the Executive shall also resign from (a) the Company's Management
Committee/Board of Directors, if the Executive then serves on the Board of
Directors, (b) any position (whether as an employee, board member or otherwise)
with any affiliate or subsidiary of the Company, and (c) any position in which
the Executive serves at the request of the Company.

5. Termination Payments.

     (a) Upon the Executive's termination of employment for any reason, the
Company shall pay to the Executive any unpaid Base Salary then in effect accrued
up to the date of termination of employment. Other than the accrued salary
referenced in the preceding sentence, the Executive shall not be entitled to any
further payments or benefits, unless otherwise agreed to in writing between the
Company and the Executive.

     (b) Notwithstanding SECTION 5(a) above, if the Executive's employment is
terminated by the Company without Cause or by the Executive for Good Reason
during the Employment Period, the Company shall pay to the Executive the greater
of (i) an amount of Base Salary equal to what otherwise would have been payable
for the remainder of the Employment Period until

                                       2

the Scheduled Termination Date, or (ii) twelve (12) months of Base Salary
("Severance Payment"). Any Severance Payment shall be paid to the Executive,
less applicable withholdings, in installments pursuant to the Company's normal
and customary executive officer payroll procedures using the Base Salary rate in
effect immediately prior to such termination. The period used to calculate the
amount of Base Salary payable pursuant to the foregoing shall be known as the
"Severance Period" (e.g. if the payment is calculated using twelve (12) months
of Base Salary, then the Severance Period commences on the day after the
effective termination date and continues for the next twelve (12) months). If
such termination occurs on a date six or more months into the fiscal year, in
addition to the Severance Payment, the Executive shall be entitled to receive a
pro rata portion (based upon the portion of the year up to and including the
date of termination) of any bonus (the "Pro Rata Bonus") he otherwise would have
received for such year had he not been terminated, provided that both the
Executive's business unit and the Company meet applicable bonus performance
targets for the full year bonus period. The Pro Rata Bonus, if any, shall be
paid in a manner consistent with the Company's normal and customary executive
officer bonus payment procedures. Additionally, for the duration of the
Severance Period, the Company will provide the Executive any and all
employment-based health and welfare benefits he is receiving at the time of the
termination of employment, in the same manner, level and cost to the Executive.

     (c) The Company shall not be required to pay the Executive any installments
of the Severance Payment described in SECTION 5(b), until the Executive has
executed and delivered to the Company a release, in substantially the same form
as the Waiver Agreement and Release of Claims attached hereto as Attachment A.

     (d) For purposes of this Agreement, "Cause" shall include a termination of
the Executive's employment by the Company for: (i) a material violation by the
Executive of this Agreement which the Executive fails to cure to the Company's
reasonable satisfaction within thirty (30) days after the Company delivers to
the Executive a written notice that specifically identifies such violation; (ii)
the willful failure by the Executive to act in a manner consistent with
Executive's responsibilities or with the best interests of the Company, after
the Company delivers to the Executive a written demand for satisfactory
performance that specifically identifies the manner in which the Company
believes that the Executive has not satisfactorily performed the Executive's
duties and the Executive fails to cure the existing problem to the Company's
satisfaction within thirty (30) days; or (iii) the conviction of the Executive
of a felony (other than an offense related to the operation of an automobile
which results only in a fine, license suspension or other non-custodial penalty)
or other serious crime involving moral turpitude.

     (e) For purposes of this Agreement, "Good Reason" means the occurrence of
any of the following pursuant to a Change of Control (as defined below): (i)
there is a material reduction in the scope of the Executive's responsibilities
or authority at the Company without the Executive's express written consent;
(ii) the Company relocates the Executive's primary work site more than fifty
(50) miles from her primary work site on the Effective Date absent her express
written consent; or (iii) there is a reduction in the Executive's Base Salary.

     (f) For purposes of this Agreement, "Change of Control" means the
occurrence of any of the following: (i) any person who is not a stockholder of
the Company on the date of this

                                       3

Agreement (or a group of such persons acting in concert) acquires, during any
period of twelve consecutive calendar months, stock of the Company representing
a majority of the voting power of all stock of the Company having the right to
vote for the election of managers/directors; (ii) a merger or consolidation of
the Company with any other corporation, other than (a) a merger or consolidation
which would result in the voting securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into voting securities of the surviving
entity) more than fifty percent (50%) of the combined voting power of the voting
securities of the Company or such surviving entity outstanding immediately after
such merger or consolidation or (b) a merger or consolidation effected to
implement a recapitalization of the Company; or (iii) the sale or disposition by
the Company of all or substantially all of the Company's assets or any
transaction having a similar effect.

     (g) This Agreement shall not be construed to be in lieu of or to the
exclusion of any other rights, benefits and privileges to which the Executive
may be entitled as an executive of the Company or any of its subsidiaries or
affiliates under any retirement, pension, profit-sharing, insurance,
hospitalization or other plans or benefits which may now be in effect or which
may hereafter be adopted.

6. Confidentiality, Non-Competition and Non-Solicitation. For good and valuable
consideration, the receipt and sufficiency of which the Executive hereby
acknowledges, the Executive hereby agrees as follows:

     (a) That both during the entire term of the Executive's employment with the
Company and/or any of its subsidiaries and affiliates (collectively, the
"Employer") and thereafter, the Executive will not publish or otherwise disclose
to persons other than those employed by Employer, without specific permission
from Employer, any Employer proprietary or confidential information which the
Executive learns or acquires during the course of employment with or as a result
of performing services with Employer, and will not use such information in any
way which might be detrimental to the interests of the Employer. For purposes of
this Agreement, proprietary or confidential information includes, but is not
limited to:

         (i) All information not generally known to the public or within the
federal, state or local government market(s) or the commercial market(s) in
which the Employer offers or provides its services, solutions or products,
pertaining to the Employer's marketing, bidding or cost plans, strategies,
forecasts or projections; practices, procedures, policies, goals or objectives
pertaining to the foregoing; contract proposals, contract bids which have been
prepared or submitted or which are proposed to be prepared or submitted, or
bidding and pricing techniques; information on Employer's cost structure;
quoting and pricing practices, procedures and policies; customer data including
customer list, contracts, contacts, representatives, requirements and needs,
specifications, data provided by or about prospective customers; supplier
information, including joint venture and subcontractor proposals; employee and
consultants' identities, skills, resumes, records and lists; and the physical
embodiments of any of the foregoing information.

         (ii) All information concerning or relating to the way the Employer
conducts its business which is not generally known to the public or within the
federal, state or local

                                       4

government market(s) or the commercial market(s) in which the Employer offers or
provides its services, solutions or products (such as Employer contracts,
internal business procedures, controls, plans, licensing techniques and
practices, supplier, subcontractor and prime contractor names and contacts and
other vendor information, Employer processes, techniques, data, computer system
passwords and other computer security controls, financial information, and
distributor information) and the physical embodiments of such information (such
as check lists, samples, service and operational manuals, contracts, proposals,
printouts, correspondence, forms, listings, ledgers, financial statements,
financial reports, financial and operational analyses, financial and operational
studies, management reports of every kind, databases, and any other written or
machine-readable expression of such information as are filed in any tangible
media).

         (iii) All information not generally known to the public or within the
federal, state or local government domain or the commercial market(s) in which
the Employer offers or provides its services, solutions or products concerning
development of new products, services or solutions, negotiations for new
business ventures or acquisitions, future business or acquisition plans, and
similar information and the physical embodiments of such information.

         (iv) Information which is not a public record and is not generally
known to the public or within the federal, state or local government market(s)
or the commercial market(s) in which the Employer offers or provides its
services, solutions or products regarding litigation and potential litigation
matters and the physical embodiments of such information.

         (v) Any information which (i) is not generally known to the public or
within the federal, state or local government domain or the commercial market(s)
in which the Employer offers or provides its services, solutions or products,
(ii) gives the Employer a significant advantage over its or their competitors,
or (iii) has significant economic value or potentially significant economic
value to the Employer, including the physical embodiments of such information.

     (b) That both during the entire term of the Executive's employment with
Employer and thereafter through the Severance Period, the Executive shall not:

         (i) directly or indirectly, own, manage, operate, control or
participate in the ownership, management, operation or control of, or be
connected as an officer, employee, consultant, partner, director or otherwise
with, or have any financial interest in, or aid or assist anyone else in the
conduct of any business which competes with any services, solutions or products
conducted, offered or provided by the Employer (any such service, solution or
product, an "Employer Operation"), to any federal, state or local government
market(s) or the commercial market(s) if such Employer Operation is being
conducted or developed at any time during the term of Executive's employment
with Employer and at the later time in question;

         (ii) directly or indirectly, solicit any customer or any former or
prospective customer of the Employer with a view to inducing such customer to
enter into an agreement, or otherwise do business, involving an Employer
Operation with any competitor or attempt to induce any customer to terminate its
relationship with the Employer or to not enter into a relationship with the
Employer, as the case may be; or

                                       5

         (iii) solicit or attempt to solicit the employment of any employee of
the Employer, or any person employed by the Employer during the prior six (6)
month period, or attempt to solicit or induce any such employee or person to
leave the employ of the Employer.

     (c) If the Company terminates the Executive's employment for Cause, the
Executive shall not engage in the conduct set forth in SECTION 6(b) for a period
of three years from the date of termination of employment and the Executive
shall not be entitled to additional consideration from the Company. If the
Company terminates the Executive's employment without Cause, following
expiration of the Severance Period, the Company may prohibit the Executive from
engaging in the conduct set forth in SECTION 6(b) for an additional term of one
year (renewable annually at the Company's discretion for up to three years
total); provided, however, that during each such one year term, the Executive
shall be paid an amount equal to one half the Base Salary in effect at the time
of termination and such payments shall be made to the Executive in installments,
less applicable withholdings, pursuant to the Company's normal and customary
executive officer payroll procedures. If the Executive voluntarily terminates
his or her employment, the Company may prohibit the Executive from engaging in
the conduct set forth in SECTION 6(b) for the remainder of the Employment Period
(renewable annually at the Company's discretion for up to three years total);
provided, however, that during each such one year renewal term, the Executive
shall be paid an amount equal to one half the Base Salary in effect at the time
of termination and such payment shall be made to the Executive in installments,
less applicable withholdings, pursuant to the Company's normal and customary
executive officer payroll procedures.

     (d) That in the event any provision of this SECTION 6 shall be challenged
by the Executive or deemed to be unenforceable by a court of competent
jurisdiction, the Company's obligation to make payments under SECTION 5(b) shall
immediately cease, and the Executive shall reimburse the Company any payments
previously received pursuant to SECTION 5(b) hereof.

7. Survival. The Executive agrees that the restrictions in SECTION 6 shall
survive the termination of the Executive's employment with Employer,
notwithstanding any actual or alleged breach or failure of the Company to
perform its obligations under this Agreement or otherwise.

8. Specific Enforcement; Extension of Period.

     (a) The Executive acknowledges that the restrictions contained in SECTION 6
hereof are reasonable and necessary to protect the legitimate interests of the
Employer and that Employer would not have entered into this Agreement in the
absence of such restrictions. The Executive also acknowledges that any breach by
him of SECTION 6 hereof will cause continuing and irreparable injury to Employer
for which monetary damages would not be an adequate remedy. The Executive shall
not, in any action or proceeding by Employer to enforce SECTION 6 of this
Agreement, assert the claim or defense that an adequate remedy at law exists. In
the event of such breach by the Executive, Employer shall have the right to
enforce the provisions of SECTION 6 of this Agreement by seeking injunctive or
other relief in any court, and this Agreement shall not in any way limit
remedies at law or in equity otherwise available to the Employer.

                                       6

     (b) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO THE PRINCIPLES OF
CONFLICTS OF LAW EXCEPT TO THE EXTENT SUCH PRINCIPLES PERMIT THE APPLICATION OF
DELAWARE LAW OR JURISDICTION AND VENUE IN COURTS WITHIN DELAWARE. ANY DISPUTE
HEREUNDER SHALL BE LITIGATED IN FEDERAL DISTRICT COURT IN DELAWARE OR, IF
JURISDICTION CANNOT BE OBTAINED IN SUCH COURT, IN THE STATE COURT WHOSE
JURISDICTION INCLUDES THE PRINCIPAL EXECUTIVE OFFICE OF THE COMPANY.

     (c) Except as otherwise expressly set forth in SECTION 6(c), all provisions
of this Agreement are intended to be severable. In the event any provision or
restriction contained herein is held to be invalid or unenforceable in any
respect, in whole or in part, such finding will in no way affect the validity or
enforceability of any other provision of this Agreement, except as otherwise
expressly set forth in SECTION 6(c). The parties hereto further agree that any
such invalid or unenforceable provision will be deemed modified so that it will
be enforced to the greatest extent permissible under law, and to the extent that
any court of competent jurisdiction determines any restriction herein to be
unreasonable in any respect, such court shall limit this Agreement to render it
reasonable in light of the circumstances in which it was entered into and
specifically enforce this Agreement as limited.

     9. Miscellaneous.

     (a) This Agreement by and between the Executive and the Company constitutes
the entire agreement between the parties hereto with respect to the Executive's
employment, and supersedes and is in full substitution for any and all prior
understandings or agreements, whether oral or written, with respect to the
Executive's employment.

     (b) The Company may withhold from any amounts payable to the Executive
hereunder all federal, state, city or other taxes that the Company may
reasonably determine are required to be withheld pursuant to any applicable law
or regulation.

     (c) This Agreement may be executed by facsimile signature and in several
counterparts, each of which shall be deemed an original, but all of which shall
constitute one and the same instrument.

     (d) The headings in this Agreement are inserted for convenience of
reference only and shall not be a part of or control or affect the meaning of
any provision hereof.

                                       7

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first written above.

Executive                                   SPECTAGUARD HOLDING CORPORATION

------------------------------------        ------------------------------------
signature                                   Name:
                                            Title:

                                       8

                                  ATTACHMENT A

                     WAIVER AGREEMENT AND RELEASE OF CLAIMS

     This RELEASE AGREEMENT (the "Release Agreement") is made by and between
SpectaGuard Holding Corporation, a Delaware corporation (the "Company"), and
_______ (the "Executive").

     WHEREAS, the Executive entered into an employment agreement with the
Company dated as of ____________ ("Employment Agreement"); and

     WHEREAS, the employment of the Executive has been terminated pursuant to
SECTION 5(b) of the Employment Agreement, and the Executive is entitled to
receive the Severance Payment as provided therein;

     NOW THEREFORE, in consideration of the mutual covenants and promises set
forth herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Executive
hereby agree as follows:

     1. The Executive, on his own behalf and on behalf of his agents,
representatives, heirs, executors and administrators (whether or not then
existing), releases the Company, its subsidiaries and affiliates (whether or not
then existing), and the employees, officers, directors, agents, representatives,
successors and assigns of any of them, as well as the trustees of any of their
executive or employee benefit or welfare plans (except with respect to claims
for benefits due under the terms of such plans) from any and all actions, causes
of action, suits, debts, claims, complaints, charges, contracts, controversies,
agreements, promises, damages, counterclaims, cross-claims, claims for
contribution and/or indemnity, claims for costs and/or attorneys' fees,
judgments and demands whatsoever, in law or equity, known or unknown, that the
Executive ever had, now has, or may have in the future based on her employment
through the date of this Release Agreement, except that such release shall not
cover (i) claims to enforce his rights under the Employment Agreement, (ii)
claims for benefits pursuant to any executive or employee benefit or welfare
plan of the Company or any of its subsidiaries in which the Executive
participated prior to her termination of employment, and (iii) claims for
indemnification pursuant to the Company's indemnification policies and practices
applicable to its executive officers (collectively, the "Excluded Claims").
Except for the Excluded Claims, the Executive understands and agrees that this
Release Agreement includes, but is not limited to, a complete waiver and release
of the following rights or claims:

     (a)       any right(s) or claim(s) arising under Title VII of the Civil
               Rights Act of 1964 ("Title VII"), which prohibits discrimination
               in employment based on race, color, national origin, religion or
               sex; the Americans with Disabilities Act ("ADA"), which prohibits
               discrimination based on disability; and any right(s) or claim(s)
               arising under any other federal, state or local law regarding
               discrimination based on age, race, sex, pregnancy, religion,
               national origin, marital status or disability or any other
               unlawful basis;

                                       9

     (b)       any right(s) or claim(s) for alleged violations of any local,
               state or federal law, regulation, ordinance, public policy or
               common-law duty having any bearing whatsoever upon the
               Executive's employment with the Company or the Employer (as
               defined in SECTION 6(a) of the Employment Agreement) or the terms
               and conditions of, and/or the cessation of, the Executive's
               employment with the Company; and

     (c)       any claim(s) for breach of express or implied contract, wrongful
               discharge, constructive discharge, breach of an implied covenant
               of good faith and fair dealing, negligent or intentional
               infliction of emotional distress, or any claims under the
               Executive Retirement Income Security Act of 1974 ("ERISA").

     2. The parties agree that this Release Agreement is intended to cover all
claims (other than any Excluded Claim) in existence as of the date of the
execution of this Release Agreement and all claims that may accrue from such
date of execution through the expiration of the Revocation Period (as defined
below), including both claims about which the Executive knows and about which
the Executive does not know.

     3. The Executive represents and warrants that he has not filed any claims
against the Company and/or any of its subsidiaries or affiliates, or any of the
individuals covered by this Release Agreement, with any governmental agency or
any court, and the Executive agrees that the Executive will not do so at any
time hereafter regarding any matter released herein.

     4. The Executive acknowledges and agrees that he has been advised to and
has been given an opportunity to consult with an attorney of her choice prior to
executing this Release Agreement. The Executive further acknowledges that he has
21 days within which to consider whether to execute this Release Agreement (the
"Revocation Period"). The Executive acknowledges and agrees that he has 7
calendar days to revoke this Release Agreement after executing it, but if he
revokes this Release Agreement after executing it, he must return any
installments of the Severance Payment (as defined in SECTION 5(b) of the
Employment Agreement) tendered by the Company.

     THE PARTIES STATE THAT THEY HAVE READ THIS AGREEMENT, THAT THEY UNDERSTAND
EACH OF ITS TERMS, AND THEY INTEND TO BE BOUND THEREBY.

Executive                                   SPECTAGUARD HOLDING CORPORATION

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signature                                   Name:
                                            Title:

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DATE:                                       DATE:
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