Document:

Form of Funds Escrow Agreement

 Exhibit 4.7 
 FUNDS ESCROW AGREEMENT 
 This Agreement is dated as of the ____ day of July, 2006 among
Satellite Security Corporation, a Nevada corporation (the “Company”), the Subscribers identified on Schedule A hereto (each a “Subscriber” and collectively “Subscribers”), and Grushko & Mittman, P.C. (the
“Escrow Agent”): 
 WITNESSETH: 
 WHEREAS, the Company and Subscribers have entered into a Subscription Agreement calling for the sale by the Company to the Subscriber of secured promissory notes (“Notes”) and Warrants for an aggregate
purchase price of up to $4,000,000 in the amounts set forth on Schedule A hereto; and 
 WHEREAS, the parties hereto require the Company to
deliver the Notes and Warrants against payment therefor, with such Notes, Warrants and the Escrowed Payment to be delivered to the Escrow Agent to be held in escrow and released by the Escrow Agent in accordance with the terms and conditions of this
Agreement; and 
 WHEREAS, the Escrow Agent is willing to serve as escrow agent pursuant to the terms and conditions of this Agreement;

 NOW THEREFORE, the parties agree as follows: 
 ARTICLE I 
 INTERPRETATION 
 1.1. Definitions. Capitalized terms used and not otherwise defined herein that are defined in the Subscription Agreement shall have the meanings
given to such terms in the Subscription Agreement. Whenever used in this Agreement, the following terms shall have the following respective meanings: 
 (a) “Agreement” means this Agreement and all amendments made hereto and thereto by written agreement between the parties; 
 (b) “Closing Date” shall have the meaning set forth in Section 1 of the Subscription Agreement; 
 (c) “Collateral Agent Agreement” shall have the meaning set forth in Section 3 of the Subscription Agreement; 

(d) “Escrowed Payment” means an aggregate cash payment of up to $4,000,000 of Purchase Price; 
 (e) “Finder” shall mean the entity identified on Schedule 8 to the Subscription Agreement; 
 (f) “Finder’s Fee” shall have the meaning set forth in Section 8(a) of the Subscription Agreement; 
 (g) “Finder’s Warrants” shall have the meaning set forth in Section 8(b) of the Subscription Agreement; 
  

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 (h) “Guaranty” shall have the meaning set forth in Section 3 of the
Subscription Agreement; 
 (i) “Legal Fees” shall have the meaning set forth in Section 8(c) of the
Subscription Agreement; 
 (j) “Legal Opinion” means the original signed legal opinion referred to in Section 6
of the Subscription Agreement; 
 (k) “Notes” shall have the meaning set forth in Section 1 of the Subscription
Agreement; 
 (l) “Purchase Price” shall mean up to $4,000,000; 
 (m) “Security Agreement” shall have the meaning set forth in Section 3 of the Subscription Agreement; 
 (n) “Subscription Agreement” means the Subscription Agreement (and the exhibits thereto) entered into or to be entered into by
the Company and Subscribers in reference to the sale and purchase of the Notes and Warrants; 
 (o) “Warrants” shall
have the meaning set forth in Section 2 of the Subscription Agreement; 
 (p) Collectively, the executed Subscription
Agreement, Notes, Legal Opinion, Warrants, Finder’s Warrants, Finder’s Fee, Collateral Agent Agreement, Guaranty and Security Agreement are referred to as “Company Documents”; and 
 (q) Collectively, the Escrowed Payment and the executed Subscription Agreement are referred to as “Subscriber Documents”.

 1.2. Entire Agreement. This Agreement along with the Company Documents and the Subscriber Documents constitute the entire agreement
between the parties hereto pertaining to the Company Documents and Subscriber Documents and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties. There are no warranties,
representations and other agreements made by the parties in connection with the subject matter hereof except as specifically set forth in this Agreement, the Company Documents and the Subscriber Documents. 
 1.3. Extended Meanings. In this Agreement words importing the singular number include the plural and vice versa; words importing the masculine
gender include the feminine and neuter genders. The word “person” includes an individual, body corporate, partnership, trustee or trust or unincorporated association, executor, administrator or legal representative. 
 1.4. Waivers and Amendments. This Agreement may be amended, modified, superseded, cancelled, renewed or extended, and the terms and conditions
hereof may be waived, only by a written instrument signed by all parties, or, in the case of a waiver, by the party waiving compliance. Except as expressly stated herein, no delay on the part of any party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any party of any right, power or privilege hereunder preclude any other or future exercise of any other right, power or privilege hereunder. 
  

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 1.5. Headings. The division of this Agreement into articles, sections, subsections and paragraphs
and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement. 
 1.6. Law Governing this Agreement. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard to conflicts of laws principles that would result in the application of the
substantive laws of another jurisdiction. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the state courts of New York or in the federal courts located in the
state of New York. Both parties and the individuals executing this Agreement and other agreements on behalf of the Company agree to submit to the jurisdiction of such courts and waive trial by jury. The prevailing party (which shall be the party
which receives an award most closely resembling the remedy or action sought) shall be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event that any provision of this Agreement or any other agreement
delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such
statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. 
 1.7. Specific Enforcement, Consent to Jurisdiction. The Company and Subscriber acknowledge and agree that irreparable damage would occur in the
event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent or cure
breaches of the provisions of this Agreement and to enforce specifically the terms and provisions hereof or thereof, this being in addition to any other remedy to which any of them may be entitled by law or equity. Subject to Section 1.6
hereof, each of the Company and Subscriber hereby waives, and agrees not to assert in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of such court, that the suit, action or proceeding is brought
in an inconvenient forum or that the venue of the suit, action or proceeding is improper. Nothing in this Section shall affect or limit any right to serve process in any other manner permitted by law. 
 ARTICLE II 
 DELIVERIES TO THE
ESCROW AGENT 
 2.1. Company Deliveries. On or before the Closing Date, the Company shall deliver the Company Documents to the
Escrow Agent. 
 2.2. Subscriber Deliveries. On or before the Closing Date, each Subscriber shall deliver to the Escrow Agent such
Subscriber’s portion of the Purchase Price and the executed Subscription Agreement. The Escrowed Payment will be delivered pursuant to the following wire transfer instructions: 
 Citibank, N.A. 
 1155 6th Avenue 
 New York, NY 10036, USA 
 ABA Number: 0210-00089 
 For Credit to:
Grushko & Mittman, IOLA Trust Account 
 Account Number: 45208884 
  

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 2.3. Intention to Create Escrow Over Company Documents and Subscriber Documents. The Subscriber
and Company intend that the Company Documents and Subscriber Documents shall be held in escrow by the Escrow Agent pursuant to this Agreement for their benefit as set forth herein. 
 2.4. Escrow Agent to Deliver Company Documents and Subscriber Documents. The Escrow Agent shall hold and release the Company Documents and
Subscriber Documents only in accordance with the terms and conditions of this Agreement. 
 ARTICLE III 
 RELEASE OF COMPANY DOCUMENTS AND SUBSCRIBER DOCUMENTS 
 3.1. Release of Escrow. Subject to the provisions of Section 4.2, the Escrow Agent shall release the Company Documents and Subscriber Documents as follows: 
 (a) On the Closing Date, the Escrow Agent will simultaneously release the Company Documents to the Subscriber and release the Subscriber
Documents to the Company except that: (i) the Finder’s Fee and Finder’s Warrants will be released to the Finder; (ii) the Legal Fees will be released to the Subscriber’s attorneys; and (iii) the Security Agreement,
Guaranty and Collateral Agent Agreement will also be released to the Collateral Agent. 
 (b) All funds to be delivered to the
Company shall be delivered pursuant to the wire instructions to be provided in writing by the Company to the Escrow Agent. 
 (c) Notwithstanding the above, upon receipt by the Escrow Agent of joint written instructions (“Joint Instructions”) signed by the Company and the Subscriber, it shall deliver the Company Documents and Subscriber Documents in
accordance with the terms of the Joint Instructions. 
 (d) Notwithstanding the above, upon receipt by the Escrow Agent of a
final and non-appealable judgment, order, decree or award of a court of competent jurisdiction (a “Court Order”), the Escrow Agent shall deliver the Company Documents and Subscriber Documents in accordance with the Court Order. Any Court
Order shall be accompanied by an opinion of counsel for the party presenting the Court Order to the Escrow Agent (which opinion shall be satisfactory to the Escrow Agent) to the effect that the court issuing the Court Order has competent
jurisdiction and that the Court Order is final and non-appealable. 
 3.2. Acknowledgement of Company and Subscriber; Disputes. The
Company and the Subscriber acknowledge that the only terms and conditions upon which the Company Documents and Subscriber Documents are to be released are set forth in Sections 3 and 4 of this Agreement. The Company and the Subscriber reaffirm their
agreement to abide by the terms and conditions of this Agreement with respect to the release of the Company Documents and Subscriber Documents. Any dispute with respect to the release of the Company Documents and Subscriber Documents shall be
resolved pursuant to Section 4.2 or by agreement between the Company and Subscriber. 
  

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 ARTICLE IV 
 CONCERNING THE ESCROW AGENT 
 4.1. Duties and Responsibilities of the Escrow Agent. The Escrow
Agent’s duties and responsibilities shall be subject to the following terms and conditions: 
 (a) The Subscriber and
Company acknowledge and agree that the Escrow Agent (i) shall not be responsible for or bound by, and shall not be required to inquire into whether either the Subscriber or Company is entitled to receipt of the Company Documents and Subscriber
Documents pursuant to, any other agreement or otherwise; (ii) shall be obligated only for the performance of such duties as are specifically assumed by the Escrow Agent pursuant to this Agreement; (iii) may rely on and shall be protected
in acting or refraining from acting upon any written notice, instruction, instrument, statement, request or document furnished to it hereunder and believed by the Escrow Agent in good faith to be genuine and to have been signed or presented by the
proper person or party, without being required to determine the authenticity or correctness of any fact stated therein or the propriety or validity or the service thereof; (iv) may assume that any person believed by the Escrow Agent in good
faith to be authorized to give notice or make any statement or execute any document in connection with the provisions hereof is so authorized; (v) shall not be under any duty to give the property held by Escrow Agent hereunder any greater
degree of care than Escrow Agent gives its own similar property; and (vi) may consult counsel satisfactory to Escrow Agent, the opinion of such counsel to be full and complete authorization and protection in respect of any action taken,
suffered or omitted by Escrow Agent hereunder in good faith and in accordance with the opinion of such counsel. 
 (b) The
Subscriber and Company acknowledge that the Escrow Agent is acting solely as a stakeholder at their request and that the Escrow Agent shall not be liable for any action taken by Escrow Agent in good faith and believed by Escrow Agent to be
authorized or within the rights or powers conferred upon Escrow Agent by this Agreement. The Subscriber and Company, jointly and severally, agree to indemnify and hold harmless the Escrow Agent and any of Escrow Agent’s partners, employees,
agents and representatives for any action taken or omitted to be taken by Escrow Agent or any of them hereunder, including the fees of outside counsel and other costs and expenses of defending itself against any claim or liability under this
Agreement, except in the case of gross negligence or willful misconduct on Escrow Agent’s part committed in its capacity as Escrow Agent under this Agreement. The Escrow Agent shall owe a duty only to the Subscriber and Company under this
Agreement and to no other person. 
 (c) The Subscriber and Company jointly and severally agree to reimburse the Escrow Agent
for outside counsel fees, to the extent authorized hereunder and incurred in connection with the performance of its duties and responsibilities hereunder. 
 (d) The Escrow Agent may at any time resign as Escrow Agent hereunder by giving five (5) days prior written notice of resignation to the Subscriber and the Company. Prior to the effective date of the resignation
as specified in such notice, the Subscriber and Company will issue to the Escrow Agent a Joint Instruction authorizing delivery of the Company Documents and Subscriber Documents to a substitute Escrow Agent selected by the Subscriber and Company. If
no successor Escrow Agent is named by the Subscriber and Company, the Escrow Agent may apply to a court of competent jurisdiction in the State of New York for appointment of a successor Escrow Agent, and to deposit the Company Documents and
Subscriber Documents with the clerk of any such court. 
 (e) The Escrow Agent does not have and will not have any interest in
the Company Documents and Subscriber Documents, but is serving only as escrow agent, having only possession thereof. The Escrow Agent shall not be liable for any loss resulting from the making or retention of any investment in accordance with this
Escrow Agreement. 
 (f) This Agreement sets forth exclusively the duties of the Escrow Agent with respect to any and all
matters pertinent thereto and no implied duties or obligations shall be read into this Agreement. 
  

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 (g) The Escrow Agent shall be permitted to act as counsel for the Subscriber in any
dispute as to the disposition of the Company Documents and Subscriber Documents, in any other dispute between the Subscriber and Company, whether or not the Escrow Agent is then holding the Company Documents and Subscriber Documents and continues to
act as the Escrow Agent hereunder. 
 (h) The provisions of this Section 4.1 shall survive the resignation of the Escrow
Agent or the termination of this Agreement. 
 4.2. Dispute Resolution: Judgments. Resolution of disputes arising under this Agreement
shall be subject to the following terms and conditions: 
 (a) If any dispute shall arise with respect to the delivery,
ownership, right of possession or disposition of the Company Documents and Subscriber Documents, or if the Escrow Agent shall in good faith be uncertain as to its duties or rights hereunder, the Escrow Agent shall be authorized, without liability to
anyone, to (i) refrain from taking any action other than to continue to hold the Company Documents and Subscriber Documents pending receipt of a Joint Instruction from the Subscriber and Company, or (ii) deposit the Company Documents and
Subscriber Documents with any court of competent jurisdiction in the State of New York, in which event the Escrow Agent shall give written notice thereof to the Subscriber and the Company and shall thereupon be relieved and discharged from all
further obligations pursuant to this Agreement. The Escrow Agent may, but shall be under no duty to, institute or defend any legal proceedings which relate to the Company Documents and Subscriber Documents. The Escrow Agent shall have the right to
retain counsel if it becomes involved in any disagreement, dispute or litigation on account of this Agreement or otherwise determines that it is necessary to consult counsel. 
 (b) The Escrow Agent is hereby expressly authorized to comply with and obey any Court Order. In case the Escrow Agent obeys or complies
with a Court Order, the Escrow Agent shall not be liable to the Subscriber and Company or to any other person, firm, corporation or entity by reason of such compliance. 
 ARTICLE V 
 GENERAL MATTERS 
 5.1. Termination. This escrow shall terminate upon the release of all of the Company Documents and Subscriber Documents or at any time upon the
agreement in writing of the Subscriber and Company. 
 5.2. Notices. All notices, demands, requests, consents, approvals, and other
communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid,
(iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by
written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine,
at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal
business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall
first occur. The addresses for such communications shall be: 
  

			
	 (a) If to the Company, to:

	
	 Satellite Security Corporation

	 6779 Mesa Ridge Road

	 San Diego, CA 92121

	 Attn: John L. Phillips, President

	 Fax: (858) 368-4159

  

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	 With a copy by telecopier only to:

	
	 Duane Morris LLP

	 101 West Broadway, Suite 900

	 San Diego, CA 92101

	 Attn: James A. Mercer III, Esq.

	 Fax: (619) 744-2201

	
	 (b) If to the Subscribers, to: the addresses and fax numbers listed on Schedule A hereto

	
	 (c) If to the Escrow Agent, to:

	
	 Grushko & Mittman, P.C.

	 551 Fifth Avenue, Suite 1601

	 New York, New York 10176

	 Fax: 212-697-3575

 or to such other address as any of them shall give to the others by notice made pursuant to this Section 5.2.

 5.3. Interest. The Escrowed Payment shall not be held in an interest bearing account nor will interest be payable in connection
therewith. In the event the Escrowed Payment is deposited in an interest bearing account, each Subscriber shall be entitled to receive its pro rata portion of any accrued interest thereon, but only if the Escrow Agent receives from
such Subscriber the Subscriber’s United States taxpayer identification number and other requested information and forms. 
 5.4.
Assignment; Binding Agreement. Neither this Agreement nor any right or obligation hereunder shall be assignable by any party without the prior written consent of the other parties hereto. This Agreement shall enure to the benefit of and be
binding upon the parties hereto and their respective legal representatives, successors and assigns. 
 5.5. Invalidity. In the event
that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal, or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in
every other respect and of the remaining provisions contained herein shall not be in any way impaired thereby, it being intended that all of the rights and privileges of the parties hereto shall be enforceable to the fullest extent permitted by law.

  

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 5.6. Counterparts/Execution. This Agreement may be executed in any number of counterparts and by
different signatories hereto on separate counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument. This Agreement may be executed by facsimile transmission
and delivered by facsimile transmission. 
 5.7. Agreement. Each of the undersigned states that he has read the foregoing Funds Escrow
Agreement and understands and agrees to it. 
  

									
		 		 	 SATELLITE SECURITY CORPORATION
 the
“Company”

				
		 		 	 By: 
	 	  
			
	  	 		 	  
	“Subscriber”	 		 	“Subscriber”
			
	  	 		 	  
	“Subscriber”	 		 	“Subscriber”
			
	  	 		 	  
	“Subscriber”	 		 	“Subscriber”
			
		 		 	ESCROW AGENT:
			
		 		 	  
		 		 	GRUSHKO & MITTMAN, P.C.

  

 8Form of Collateral Agent Agreement

 Exhibit 4.8 
 COLLATERAL AGENT AGREEMENT 
 COLLATERAL AGENT AGREEMENT (this “Agreement”)
dated as of July ____, 2006, among Barbara R. Mittman (the “Collateral Agent”), and the parties identified on Schedule A hereto (each, individually, a “Lender” and collectively, the “Lenders”), who
hold or will acquire convertible promissory notes issued or to be issued by Satellite Security Corporation (“Parent”), a Nevada corporation, at or about the date of this Agreement as described in the Security Agreement referred to in
Section 1(a) below (collectively herein the “Notes”). 
 WHEREAS, the Lenders have made, are making and will be making
loans to Parent to be secured by certain collateral; and 
 WHEREAS, it is desirable to provide for the orderly administration of such
collateral by requiring each Lender to appoint the Collateral Agent, and the Collateral Agent has agreed to accept such appointment and to receive, hold and deliver such collateral, all upon the terms and subject to the conditions hereinafter set
forth; and 
 WHEREAS, it is desirable to allocate the enforcement of certain rights of the Lenders under the Notes for the orderly
administration thereof. 
 NOW, THEREFORE, in consideration of the premises set forth herein and for other good and valuable consideration,
the parties hereto agree as follows: 
 1. Collateral. 
 (a) Contemporaneously with the execution and delivery of this Agreement by the Collateral Agent and the Lenders, (i) the Collateral
Agent has or will have entered into a Security Agreement among the Collateral Agent, Parent and Satellite Security Systems, Inc., a California corporation (“Guarantor” and together with Parent, “Debtors”) (“Security
Agreement”), regarding the grant of a security interest in assets owned by Debtors (such assets are referred to herein and in the Security Agreement as the “Collateral”) to the Collateral Agent, for the benefit of the
Lenders, (ii) Parent is issuing the Notes to the Lenders pursuant to a “Subscription Agreement” dated at or about the date of this Agreement and may issue additional Notes pursuant to the Subscription Agreement. Collectively, the
Security Agreement, the Notes and Subscription Agreement and other agreements referred to therein are referred to herein as “Borrower Documents”. 
 (b) The Collateral Agent hereby acknowledges that any Collateral held by the Collateral Agent is held for the benefit of the Lenders in
accordance with this Agreement and the Borrower Documents. No reference to the Borrower Documents or any other instrument or document shall be deemed to incorporate any term or provision thereof into this Agreement unless expressly so provided.

 (c) The Collateral Agent is to distribute in accordance with the Borrower Documents any proceeds received from the
Collateral which are distributable to the Lenders in proportion to their respective interests in the Obligations as defined in the Security Agreement. 
 2. Appointment of the Collateral Agent. 
 The Lenders hereby appoint the Collateral Agent (and the
Collateral Agent hereby accepts such appointment) to take any action including, without limitation, the registration of any Collateral in the name of the Collateral Agent or its nominees prior to or during the continuance of an Event of Default (as

  

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defined in the Borrower Documents), the exercise of voting rights upon the occurrence and during the continuance of an Event of Default, the application of
any cash collateral received by the Collateral Agent to the payment of the Obligations, the making of any demand under the Borrower Documents, the exercise of any remedies given to the Collateral Agent pursuant to the Borrower Documents and the
exercise of any authority pursuant to the appointment of the Collateral Agent as an attorney-in-fact pursuant to the Security Agreement that the Collateral Agent deems necessary or proper for the administration of the Collateral pursuant to the
Security Agreements. Upon disposition of the Collateral in accordance with the Borrower Documents, the Collateral Agent shall promptly distribute any cash or Collateral in accordance with Section 10.4 of the Security Agreement. Lenders must
notify Collateral Agent in writing of the issuance of Notes to Lenders by Debtor. The Collateral Agent will not be required to act hereunder in connection with Notes the issuance of which was not disclosed in writing to the Collateral Agent nor will
the Collateral Agent be required to act on behalf of any assignee of Notes without the written consent of Collateral Agent. 
 3. Action
by the Majority in Interest. 
 (a) Certain Actions. Each of the Lenders covenants and agrees that only a Majority
in Interest, as defined in Section 3(d), shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest hereby expressly waive the following rights that they
may otherwise have under the Borrower Documents): 
 (i) Acceleration. If an Event of Default occurs, after the
applicable cure period, if any, a Majority in Interest may, on behalf of all the Lenders, instruct the Collateral Agent to provide to Debtors notice to cure such default and/or declare the unpaid principal amount of the Notes to be due and payable,
together with any and all accrued interest thereon and all costs payable pursuant to such Notes; 
 (ii) Enforcement.
Upon the occurrence of any Event of Default after the applicable cure period, if any, a Majority in Interest may instruct the Collateral Agent to proceed to protect, exercise and enforce, on behalf of all the Lenders, their rights and remedies under
the Borrower Documents against Debtors, and such other rights and remedies as are provided by law or equity; and 
 (iii)
Waiver of Past Defaults. A Majority in Interest may instruct the Collateral Agent to waive any Event of Default by written notice to Debtors, and the other Lenders. 
 (b) Permitted Subordination. A Majority in Interest may instruct the Collateral Agent to agree to subordinate any Collateral to any
claim and may enter into any agreement with Debtors to evidence such subordination; provided, however, that subsequent to any such subordination, each Note shall remain pari passu with the other Notes held by the Lenders.

 (c) Further Actions. A Majority in Interest may instruct the Collateral Agent to take any action that it may take
under this Agreement by instructing the Collateral Agent in writing to take such action on behalf of all the Lenders. 
 (d)
Majority in Interest. For so long as any obligations remain outstanding on the Notes, Majority in Interest for the purposes of this Agreement and the Security Agreement shall mean Lenders who hold not less than seventy-five percent
(75%) of the outstanding principal amount of the Notes except in relation to Sections 3(a)(i) and 3(a)(ii) wherein a Majority in Interest shall mean 33% of the outstanding principal amount of the Notes. 
  

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 4. Power of Attorney. 
 (a) To effectuate the terms and provisions hereof, the Lenders hereby appoint the Collateral Agent as their attorney-in-fact (and the
Collateral Agent hereby accepts such appointment) for the purpose of carrying out the provisions of this Agreement including, without limitation, taking any action on behalf of, or at the instruction of, the Majority in Interest at the written
direction of the Majority in Interest and executing any consent authorized pursuant to this Agreement and taking any action and executing any instrument that the Collateral Agent may deem necessary or advisable (and lawful) to accomplish the
purposes hereof. 
 (b) All acts done under the foregoing authorization are hereby ratified and approved and neither the
Collateral Agent nor any designee nor agent thereof shall be liable for any acts of commission or omission, for any error of judgment, for any mistake of fact or law except for acts of gross negligence or willful misconduct. 
 (c) This power of attorney, being coupled with an interest, is irrevocable while this Agreement remains in effect. 
 5. Expenses of the Collateral Agent. The Lenders shall pay any and all reasonable costs and expenses incurred by the Collateral Agent, including,
without limitation, reasonable costs and expenses relating to all waivers, releases, discharges, satisfactions, modifications and amendments of this Agreement, the administration and holding of the Collateral, insurance expenses, and the
enforcement, protection and adjudication of the parties’ rights hereunder by the Collateral Agent, including, without limitation, the reasonable disbursements, expenses and fees of the attorneys the Collateral Agent may retain, if any, each of
the foregoing in proportion to their holdings of the Notes. 
 6. Reliance on Documents and Experts. The Collateral Agent shall be
entitled to rely upon any notice, consent, certificate, affidavit, statement, paper, document, writing or communication (which may be by telegram, cable, telex, telecopier, or telephone) reasonably believed by it to be genuine and to have been
signed, sent or made by the proper person or persons, and upon opinions and advice of its own legal counsel, independent public accountants and other experts selected by the Collateral Agent. 
 7. Duties of the Collateral Agent; Standard of Care. 
 (a) The Collateral Agent’s only duties are those expressly set forth in this Agreement, and the Collateral Agent hereby is authorized to perform those duties in accordance with commercially reasonable practices.
The Collateral Agent may exercise or otherwise enforce any of its rights, powers, privileges, remedies and interests under this Agreement and applicable law or perform any of its duties under this Agreement by or through its officers, employees,
attorneys, or agents. 
 (b) The Collateral Agent shall act in good faith and with that degree of care that an ordinarily
prudent person in a like position would use under similar circumstances. 
 (c) Any funds held by the Collateral Agent
hereunder need not be segregated from other funds except to the extent required by law. The Collateral Agent shall be under no liability for interest on any funds received by it hereunder. 
 8. Resignation. The Collateral Agent may resign and be discharged of its duties hereunder at any time by giving written notice of such resignation
to the other parties hereto, stating the date such resignation is to take effect. Within five (5) days of the giving of such notice, a successor collateral agent 

  

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shall be appointed by the Majority in Interest; provided, however, that if the Lenders are unable so to agree upon a successor within such time
period, and notify the Collateral Agent during such period of the identity of the successor collateral agent, the successor collateral agent may be a person designated by the Collateral Agent, and any and all fees of such successor collateral agent
shall be the joint and several obligation of the Lenders. The Collateral Agent shall continue to serve until the effective date of the resignation or until its successor accepts the appointment and receives the Collateral held by the Collateral
Agent but shall not be obligated to take any action hereunder. The Collateral Agent may deposit any Collateral with the Supreme Court of the State of New York for New York County or any such other court in New York State that accepts such
Collateral. 
 9. Exculpation. The Collateral Agent and its officers, employees, attorneys and agents, shall not incur any liability
whatsoever for the holding or delivery of documents or the taking of any other action in accordance with the terms and provisions of this Agreement, for any mistake or error in judgment, for compliance with any applicable law or any attachment,
order or other directive of any court or other authority (irrespective of any conflicting term or provision of this Agreement), or for any act or omission of any other person engaged by the Collateral Agent in connection with this Agreement, unless
occasioned by the exculpated person’s own gross negligence or willful misconduct; and each party hereto hereby waives any and all claims and actions whatsoever against the Collateral Agent and its officers, employees, attorneys and agents,
arising out of or related directly or indirectly to any or all of the foregoing acts, omissions and circumstances. 
 10.
Indemnification. The Lenders hereby agree to indemnify, reimburse and hold harmless the Collateral Agent and its directors, officers, employees, attorneys and agents, jointly and severally, from and against any and all claims, liabilities,
losses and expenses that may be imposed upon, incurred by, or asserted against any of them, arising out of or related directly or indirectly to this Agreement or the Collateral, except such as are occasioned by the indemnified person’s own
gross negligence or willful misconduct. 
 11. Miscellaneous. 
 (a) Rights and Remedies Not Waived. No act, omission or delay by the Collateral Agent shall constitute a waiver of the Collateral
Agent’s rights and remedies hereunder or otherwise. No single or partial waiver by the Collateral Agent of any default hereunder or right or remedy that it may have shall operate as a waiver of any other default, right or remedy or of the same
default, right or remedy on a future occasion. 
 (b) Governing Law. This Agreement shall be governed by, and construed
in accordance with, the laws of the State of New York without regard to conflicts of laws that would result in the application of the substantive laws of another jurisdiction. 
 (c) Waiver of Jury Trial and Setoff; Consent to Jurisdiction; Etc. 
 (i) In any litigation in any court with respect to, in connection with, or arising out of this Agreement or any instrument or document
delivered pursuant to this Agreement, or the validity, protection, interpretation, collection or enforcement hereof or thereof, or any other claim or dispute howsoever arising, between the Collateral Agent and the Lenders or any Lender, then each
Lender, to the fullest extent it may legally do so, (A) waives the right to interpose any setoff, recoupment, counterclaim or cross-claim in connection with any such litigation, irrespective of the nature of such setoff, recoupment,
counterclaim or cross-claim, unless such setoff, recoupment, counterclaim or cross-claim could not, by reason of any applicable federal or state procedural laws, be interposed, pleaded or alleged in any other 

  

 4 

 
action; and (B) WAIVES TRIAL BY JURY IN CONNECTION WITH ANY SUCH LITIGATION AND ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH LITIGATION ANY
SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES. EACH LENDER AGREES THAT THIS SECTION 11(c) IS A SPECIFIC AND MATERIAL ASPECT OF THIS AGREEMENT AND ACKNOWLEDGE THAT THE COLLATERAL
AGENT WOULD NOT ENTER THIS AGREEMENT IF THIS SECTION 11(c) WERE NOT PART OF THIS AGREEMENT. 
 (ii) Each Lender
irrevocably consents to the exclusive jurisdiction of any State or Federal Court located within the County of New York, State of New York, in connection with any action or proceeding arising out of or relating to this Agreement or any document or
instrument delivered pursuant to this Agreement or otherwise. In any such litigation, each Lender waives, to the fullest extent it may effectively do so, personal service of any summons, complaint or other process and agree that the service thereof
may be made by certified or registered mail directed to such Lender at its address for notice determined in accordance with Section 11(e) hereof. Each Lender hereby waives, to the fullest extent it may effectively do so, the defenses of forum
non conveniens and improper venue. 
 (d) Admissibility of this Agreement. Each of the Lenders agrees that any copy of
this Agreement signed by it and transmitted by telecopier for delivery to the Collateral Agent shall be admissible in evidence as the original itself in any judicial or administrative proceeding, whether or not the original is in existence.

 (e) Address for Notices. Any notice or other communication under the provisions of this Agreement shall be given in
writing and delivered in person, by reputable overnight courier or delivery service, by facsimile machine (receipt confirmed) with a copy sent by first class mail on the date of transmissions, or by registered or certified mail, return receipt
requested, directed to such party’s addresses set forth below (or to any new address of which any party hereto shall have informed the others by the giving of notice in the manner provided herein): 
 In the case of the Collateral Agent, to her at: 
 Barbara R. Mittman, Esq. 
 Grushko & Mittman, P.C. 
 551 Fifth Avenue, Suite 1601 
 New York, NY
10176 
 Fax: (212) 697-3575 
 With a copy to: 
 Grushko & Mittman, P.C. 
 551 Fifth Avenue, Suite 1601 
 New York, New York 10176 
 Fax: (212) 697-3575 
 In the case of the
Lenders, to: 
 To the address and telecopier number set forth on Schedule A hereto. 
  

 5 

 In the case of Debtors, to: 
 Satellite Security Corporation 
 6779 Mesa Ridge Road 
 San Diego, CA 92121 
 Attn: John L. Phillips,
President 
 Fax: (858) 638-4159 
 With a copy by telecopier only to: 
 Duane Morris LLP 
 101 West Broadway, Suite 900 
 San Diego, CA 92101 
 Attn: James A. Mercer III, Esq. 
 Fax:
(619) 744-2201 
 (f) Amendments and Modification; Additional Lender. No provision hereof shall be modified,
altered, waived or limited except by written instrument expressly referring to this Agreement and to such provision, and executed by the parties hereto. Any transferee of a Note who acquires a Note after the date hereof will become a party hereto by
signing the signature page and sending an executed copy of this Agreement to the Collateral Agent and receiving a signed acknowledgement from the Collateral Agent. 
 (g) Fee. Upon the occurrence of an Event of Default, the Lenders collectively shall pay the Collateral Agent the sum of $10,000 on
account, to apply against an hourly fee of $350 to be paid to the Collateral Agent by the Lenders for services rendered pursuant to this Agreement. All payments due to the Collateral Agent under this Agreement including reimbursements must be paid
when billed. The Collateral Agent may refuse to act on behalf of or make a distribution to any Lender who is not current in payments to the Collateral Agent. Payments required pursuant to this Agreement shall be pari passu to the
Lenders’ interests in the Notes. The Collateral Agent is hereby authorized to deduct any sums due the Collateral Agent from Collateral in the Collateral Agent’s possession. 
 (h) Counterparts/Execution. This Agreement may be executed in any number of counterparts and by the different signatories hereto on
separate counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument. This Agreement may be executed by facsimile signature and delivered by facsimile
transmission. 
 (i) Successors and Assigns. Whenever in this Agreement reference is made to any party, such reference
shall be deemed to include the successors, assigns, heirs and legal representatives of such party. No party hereto may transfer any rights under this Agreement, unless the transferee agrees to be bound by, and comply with all of the terms and
provisions of this Agreement, as if an original signatory hereto on the date hereof. 
 (j) Captions: Certain
Definitions. The captions of the various sections and paragraphs of this Agreement have been inserted only for the purposes of convenience; such captions are not a part of this Agreement and shall not be deemed in any manner to modify, explain,
enlarge or restrict any of the provisions of this Agreement. As used in this Agreement the term “person” shall mean and include an individual, a partnership, a joint venture, a corporation, a limited liability company, a trust, an
unincorporated organization and a government or any department or agency thereof. 
  

 6 

 (k) Severability. In the event that any term or provision of this Agreement shall
be finally determined to be superseded, invalid, illegal or otherwise unenforceable pursuant to applicable law by an authority having jurisdiction and venue, that determination shall not impair or otherwise affect the validity, legality or
enforceability (i) by or before that authority of the remaining terms and provisions of this Agreement, which shall be enforced as if the unenforceable term or provision were deleted, or (ii) by or before any other authority of any of the
terms and provisions of this Agreement. 
 (l) Entire Agreement. This Agreement contains the entire agreement of the
parties and supersedes all other agreements and understandings, oral or written, with respect to the matters contained herein. 
 (m) Schedules. The Collateral Agent is authorized to annex hereto any schedules referred to herein. 
 [THIS SPACE
INTENTIONALLY LEFT BLANK] 
  

 7 

 IN WITNESS WHEREOF, the parties hereto have caused this Collateral Agent Agreement to be signed, by their
respective duly authorized officers or directly, as of the date first written above. 
 “LENDERS” 
  

									
			
	  	 		 	  
			
	  	 		 	  
			
	  	 		 	  
			
	  	 		 	  
			
		 		 	  
		 		 	BARBARA R. MITTMAN - Collateral Agent
			
	Acknowledged:	 		 	
			
	 SATELLITE SECURITY CORPORATION
 On behalf of
itself and Guarantors
	 		 	
					
	By:	 	  	 		 		 	
		 	Name:	 		 		 	
		 	Title:	 		 		 	

 This Collateral Agent Agreement may be signed by facsimile signature and delivered by confirmed
facsimile transmission. 
  

 8

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