Document:

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                                                                    Exhibit 10.8

                             SUBSCRIPTION AGREEMENT

     This SUBSCRIPTION AGREEMENT (this "AGREEMENT") is made as of this ____ day
of __________, 2007, by and among Alpha Security Group Corporation, a Delaware
corporation (the "COMPANY"), having its principal place of business at 328 West
77th Street, New York, New York 10024, and the individuals listed on the
signature page hereto under the heading "Subscriber" (each a "SUBSCRIBER" and,
collectively, the "SUBSCRIBERS").

     WHEREAS, the Company desires to sell and the Subscribers desire to purchase
an aggregate of 3,200,000 warrants (the "WARRANTS") of the Company for a
purchase price of $1.00 per Warrant (i.e., an aggregate purchase price of
$3,200,000). Each Warrant is exercisable to purchase one share of Common Stock
at an exercise price of $7.50 per share during the period commencing on the
later of: (i) the completion of a Business Combination (as defined below) and
(ii) one year from the date of the Prospectus (as defined below) and expiring on
the fourth anniversary of the date of the Prospectus; and

     WHEREAS, each Subscriber is entitled to registration rights with respect to
the shares of common stock, par value $.0001 per share, of the Company (the
"COMMON STOCK") issuable upon exercise of the Warrants (the "WARRANT SHARES"
and, collectively with the Warrants, the "SECURITIES"), any other securities of
the Company issued as a dividend or other distribution with respect to or in
exchange for or in replacement of such Warrant Shares, and such number of shares
that may be used to prevent dilution resulting from stock splits, stock
dividends or similar transactions (collectively, the "REGISTRABLE SECURITIES")
on the terms set forth in this Agreement; and

     WHEREAS, the offer and sale (the "OFFERING") of the Warrants is being made
in reliance upon the provisions of Section 4(2) of the Securities Act of 1933,
as amended (the "SECURITIES ACT") and/or Regulation D ("REGULATION D")
promulgated by the Securities and Exchange Commission (the "SEC") thereunder.

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
hereinafter set forth, the Company and the Subscribers do hereby agree as
follows:

     1. Agreement to Subscribe.

     1.1. Purchase and Issuance of the Warrants. Each Subscriber is hereby
subscribing for the number of Warrants indicated on the signature page hereto by
the caption, "Number of Warrants Being Subscribed" (the "SUBSCRIBER'S
WARRANTS"), which Subscriber Warrants will be issued to the Subscriber, or his
affiliates or designees. The aggregate purchase price for such Subscriber's
Warrants (the "PURCHASE PRICE") is indicated on the signature page hereto by the
caption, "Purchase Price."

     1.2. Delivery of the Purchase Price. Upon execution of this Agreement, the
undersigned is hereby bound to fulfill its obligations hereunder and hereby
irrevocably commits to deliver to the Company on the date of Closing (as
hereinafter defined) the Purchase Price by bank check, wire transfer or such
other form of payment as shall be acceptable to the Company,

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in its sole and absolute discretion, at the Closing. Any such check delivered to
the Company shall be made payable to the order of "Alpha Security Group
Corporation."

     1.3. Closing. The closing of the Offering (the "CLOSING"), shall take place
at the offices of the Company, on __________ [AT LEAST TWO DAYS BEFORE
EFFECTIVENESS OF REGISTRATION STATEMENT].

     2. Representations and Warranties of the Subscribers.

     Each Subscriber, for itself, represents and warrants to the Company that:

     2.1. No Government Recommendation or Approval. The Subscriber understands
that no United States federal or state agency or similar agency of any other
country, has passed upon or made any recommendation or endorsement of the
Company or the Offering of the Securities.

     2.2. Intent. The Subscriber is purchasing the Warrants solely for
investment purposes, for the Subscriber's own account, and not with a view
towards the public sale or distribution thereof within the meaning of the
Securities Act. The Subscriber has no present arrangement to make any
distribution of the Securities to or through any person or entity, within the
meaning of the Securities Act. The Subscriber understands that the Securities
must be held indefinitely unless such Securities are subsequently registered
under the Securities Act or an exemption from the registration requirements of
the Securities Act is available.

     2.3. Restrictions on Transfer. The Subscriber understands that the Warrants
are being offered in a transaction not involving a public offering within the
meaning of the Securities Act. The Securities have not been registered under the
Securities Act, and, if in the future the Subscriber decides to offer, resell,
pledge or otherwise transfer the Securities, such Securities may be offered,
resold, pledged or otherwise transferred only (A) pursuant to an effective
registration statement filed under the Securities Act, (B) pursuant to an
exemption from registration under Rule 144 promulgated under the Securities Act,
if available, or (C) pursuant to any other exemption from the registration
requirements of the Securities Act, and in each case in accordance with any
applicable securities laws of any state or any other jurisdiction. The
Subscriber agrees that if any transfer of its Securities or any interest therein
is proposed to be made, as a condition precedent to any such transfer, the
Subscriber may be required to deliver to the Company an opinion of counsel
satisfactory to the Company. Absent registration or another exemption from
registration, the Subscriber agrees that it will not resell the Securities.

     2.4. Sophisticated Investor.

          (i) The Subscriber is sophisticated in financial matters and is able
to evaluate the risks and benefits of the investment in the Securities.

          (ii) The Subscriber is able to bear the economic risk of his
investment in the Securities for an indefinite period of time because none of
the Securities have been registered under the Securities Act and therefore
cannot be sold unless subsequently registered under the Securities Act or an
exemption from such registration is available.

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     2.5. Accredited Investor. The Subscriber is an "accredited investor" as
that term is defined in Rule 501 of Regulation D promulgated under the
Securities Act.

     2.6. Independent Investigation. The Subscriber, in making the decision to
purchase the Warrants, has relied upon an independent investigation of the
Company and has not relied upon any information or representations made by any
third parties or upon any oral or written representations or assurances from the
Company, its officers, directors or employees or any other representatives or
agents of the Company, other than as set forth in this Agreement. The Subscriber
is familiar with the business, operations and financial condition of the Company
and has had an opportunity to ask questions of, and receive answers from, the
Company's officers and directors concerning the Company and the terms and
conditions of the offering of the Warrants and has had full access to such other
information concerning the Company as the Subscriber has requested.

     2.7. Authority. This Agreement has been validly authorized, executed and
delivered by the Subscriber and is a valid and binding agreement enforceable in
accordance with its terms, subject to the general principles of equity and to
bankruptcy or other laws affecting the enforcement of creditors' rights
generally. The execution, delivery and performance of this Agreement by the
Subscriber does not and will not conflict with, violate or cause a breach of any
agreement, contract or instrument to which the Subscriber is a party.

     2.8. No Advice from Company. The Subscriber acknowledges that he, she or it
has had the opportunity to review this Agreement and the transactions
contemplated by this Agreement and the other agreements entered into between the
parties hereto with the Subscriber's own legal counsel and investment and tax
advisors. Except for any statements or representations of the Company made in
this Agreement and the other agreements entered into between the parties hereto,
the Subscriber is relying solely on such counsel and advisors and not on any
statements or representations of the Company or any of its representatives or
agents for legal, tax or investment advice with respect to this investment, the
transactions contemplated by this Agreement or the securities laws of any
jurisdiction.

     2.9. Reliance on Representations and Warranties. The Subscriber understands
that the Warrants are being offered and sold to the Subscriber in reliance on
specific provisions of United States federal and state securities laws and that
the Company is relying upon the truth and accuracy of the representations,
warranties, agreements, acknowledgments and understandings of the Subscriber set
forth in this Agreement in order to determine the applicability of such
provisions.

     2.10. No Advertisements. The undersigned is not subscribing for the
Warrants as a result of or subsequent to any advertisement, article, notice or
other communication published in any newspaper, magazine, or similar media or
broadcast over television or radio, or presented at any seminar or meeting.

     2.11. Legend. The Subscriber acknowledges and agrees that the Warrants, and
when issued, the Warrant Shares, shall bear a restrictive legend (the "LEGEND"),
in the form and

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substance as set forth in Section 4 hereof, prohibiting the offer, sale, pledge
or transfer of the securities, except (i) pursuant to an effective registration
statement filed under the Securities Act, (ii) in accordance with the applicable
provisions Section 4(2) of the Securities Act or of Regulation D promulgated
under the Securities Act, (iii) pursuant to an exemption from registration
provided by Rule 144 promulgated under the Securities Act (if available), and
(iv) pursuant to any other exemption from the registration requirements of the
Securities Act.

     2.12. Use of Own Funds. The Subscriber will pay the Purchase Price for the
Subscriber's Warrants out of Subscriber's own funds and will not receive,
directly or indirectly, any cash or other consideration from any other party to
purchase the Subscriber's Warrants. Such funds will not be borrowed from any
third party.

     3. Representations and Warranties of the Company.

     The Company represents and warrants to each Subscriber that:

     3.1. Valid Issuance of Capital Stock. The total number of shares of all
classes of capital stock which the Company has authority to issue is 30,000,000
shares of Common Stock and 1,000,000 shares of preferred stock, par value $.0001
per share (the "PREFERRED STOCK"). As of the date hereof, the Company has
1,580,000 shares of Common Stock and no shares of Preferred Stock issued and
outstanding. All of the issued shares of capital stock of the Company have been
duly authorized, validly issued, and are fully paid and non-assessable.

     3.2. Organization and Qualification. The Company is a corporation duly
incorporated, validly existing and in good standing under the laws of the state
of Delaware and has the requisite corporate power to own its properties and
assets and to carry on its business as now being conducted.

     3.3. Authorization; Enforcement. (i) The Company has the requisite
corporate power and authority to enter into and perform its obligations under
this Agreement and to issue the Securities in accordance with the terms hereof,
(ii) the execution, delivery and performance of this Agreement by the Company
and the consummation by it of the transactions contemplated hereby have been
duly authorized by all necessary corporate action, and no further consent or
authorization of the Company or its Board of Directors or stockholders is
required, and (iii) this Agreement constitutes a valid and binding obligation of
the Company enforceable against the Company in accordance with its terms, except
as such enforceability may be limited by applicable bankruptcy, insolvency,
fraudulent conveyance, moratorium, reorganization, or similar laws relating to,
or affecting generally the enforcement of, creditors' rights and remedies or by
equitable principles of general application and except as enforcement of rights
to indemnity and contribution may be limited by federal and state laws or
principles of public policy.

     3.4. No Conflicts. To the knowledge of the Company, the execution, delivery
and performance of this Agreement and the consummation by the Company of the
transactions contemplated hereby do not materially (i) result in a violation of
the Company's Certificate of Incorporation or By-Laws or (ii) conflict with, or
constitute a default under any agreement, indenture or instrument to which the
Company is a party. Other than any SEC or state securities

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filings, which may be required to be made by the Company subsequent to the
Closing, and any registration statement, which may be filed pursuant thereto,
the Company is not required under federal, state or local law, rule or
regulation to obtain any consent, authorization or order of, or make any filing
or registration with, any court or governmental agency or self-regulatory entity
in order for it to perform any of its obligations under this Agreement or issue
the Common Stock in accordance with the terms hereof.

     4. Legends; Denominations.

     4.1. Legend. The Company will issue the Warrants, and when issued, the
Warrant Shares, purchased by the Subscriber in the name of the Subscriber and in
such denominations to be specified by the Subscriber prior to the Closing. The
Warrants and Warrant Shares will bear the following Legend and appropriate "stop
transfer" instructions:

     "THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
     SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE
     SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE
     OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT
     PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR
     SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND
     SUCH LAWS WHICH, IN THE OPINION OF COUNSEL FOR THIS CORPORATION, IS
     AVAILABLE."

     4.2. Subscriber's Compliance. Nothing in this Section 4 shall affect in any
way the Subscriber's obligations and agreement to comply with all applicable
securities laws upon resale of the Warrants and Warrant Shares.

     4.3. Company's Refusal to Register Transfer of Warrants. The Company shall
refuse to register any transfer of the Warrants and the Warrant Shares, not
made: (i) pursuant to an effective registration statement filed under the
Securities Act or (ii) pursuant to an available exemption from the registration
requirements of the Securities Act.

     5. Registration Rights.

     5.1. Demand Registration. At any time and from time to time on or after the
date on which the Company has publicly announced that it has entered into a
letter of intent or made a comparable announcement with respect to a Business
Combination, the Subscribers or their respective transferee(s) holding 75% of
the Registrable Securities held by all Subscribers may make a written demand for
registration under the Securities Act of all or part of their Registrable
Securities (a "DEMAND REGISTRATION"). Any demand for a Demand Registration shall
specify the number of Registrable Securities proposed to be sold and the
intended method(s) of distribution thereof. The Company will notify all holders
of Registrable Securities of the demand, and each holder of Registrable
Securities who wishes to include all or a portion of such holder's Registrable
Securities in the Demand Registration (each such holder including shares of

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Registrable Securities in such registration, a "DEMANDING HOLDER") shall so
notify the Company within fifteen (15) days after the receipt by the holder of
the notice from the Company. Upon any such request, the Demanding Holders shall
be entitled to have their Registrable Securities included in the Demand
Registration.

     The Company shall, as expeditiously as possible, and in any event within
sixty (60) days after receipt of a request for a Demand, prepare and file with
the SEC a registration statement on any form for which the Company then
qualifies or which counsel for the Company shall deem appropriate and which form
shall be available for the sale of all Registrable Securities to be registered
thereunder in accordance with the intended method(s) of distribution thereof,
and shall use its best efforts to cause such Registration Statement to become
effective as promptly as practicable, but in no event prior to the consummation
of the Business Combination.

     The Company shall not be obligated to effect more than two Demand
Registrations in respect of Registrable Securities.

     5.2. "Piggyback" Registration Rights. Subject to the last sentence of this
Section 5.2, at any time after a Business Combination, if the Company shall
determine to proceed with the actual preparation and filing of a new
registration statement under the Securities Act in connection with the proposed
offer and sale of any of its securities by it or any of its security holders
(other than a registration statement on Form S-4, S-8 or other limited purpose
form), the Company will give written notice of its determination to the
Subscriber or its nominee(s). Upon the written request from a Subscriber, within
15 days after receipt of any such notice from the Company, the Company will,
except as herein provided, cause all of the Registrable Securities covered by
such request (the "REQUESTED STOCK") held by such Subscriber making such request
(the "REQUESTING HOLDERS") to be included in such registration statement (each,
a "PIGGY-BACK REGISTRATION"), all to the extent requisite to permit the sale or
other disposition by the prospective seller or sellers of the Requested Stock;
provided, further, that nothing herein shall prevent the Company from, at any
time, abandoning or delaying any registration. If any registration pursuant to
this Section 5.2 shall be underwritten in whole or in part, the Company may
require that the Requested Stock be included in the underwriting on the same
terms and conditions as the securities otherwise being sold through the
underwriters. In such event, the Requesting Holders shall, if requested by the
underwriters, execute an underwriting agreement containing customary
representations and warranties by selling stockholders and a lock-up on
Registrable Securities not being sold. If in the good faith judgment of the
managing underwriter of such public offering the inclusion of all of the
Requested Stock would reduce the number of shares to be offered by the Company
or interfere with the successful marketing of the shares of stock offered by the
Company, the number of shares of Requested Stock otherwise to be included in the
underwritten public offering may be reduced pro rata (by number of shares) among
the Requesting Holders and all other holders of registration rights who have
requested inclusion of their securities or excluded in their entirety if so
required by the underwriter. To the extent only a portion of the Requested Stock
is included in the underwritten public offering, those shares of Requested Stock
which are thus excluded from the underwritten public offering and any other
securities of the Company held by such holders shall be withheld from the market
by the Holders thereof for a period, not to exceed 90 days, which the managing
underwriter reasonably determines is necessary in order to effect the
underwritten public offering. At such

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time as the provisions of the registration rights agreement filed as an exhibit
to the Registration Statement covering the shares of Common Stock acquired by
the Subscribers prior to this Offering may be exercised, the exercise and
procedural provisions of such agreement, rather than the provisions of Sections
5.2, 5.3 and 5.4 hereof, shall govern the Registrable Securities with respect to
Piggy-Back Registration.

     5.3. Registration Procedures. To the extent required by Sections 5.1 or
5.2, the Company will:

          (a) prepare and file with the SEC a registration statement with
respect to such securities, and use its best efforts to cause such registration
statement to become and remain effective until the earlier of the date on which
all of the Registrable Securities included in the registration statement have
been disposed of in accordance with the intended method(s) of distribution set
forth in such Registration Statement or three years from the effective date;

          (b) prepare and file with the SEC such amendments to such registration
statement and supplements to the prospectus contained therein as may be
necessary to keep such registration statement effective until the earlier of the
date on which all of the Registrable Securities included in the registration
statement have been disposed of in accordance with the intended method(s) of
distribution set forth in such Registration Statement or three years from the
effective date;

          (c) furnish to the holders participating in such registration and to
the underwriters of the securities being registered such reasonable number of
copies of the registration statement, preliminary prospectus, final prospectus
and such other documents as such underwriters may reasonably request in order to
facilitate the public offering of such securities;

          (d) use its best efforts to register or qualify the securities covered
by such registration statement under such state securities or blue sky laws of
such jurisdictions as the holders may reasonably request in writing within 20
days following the original filing of such registration statement, except that
the Company shall not for any purpose be required to execute a general consent
to service of process or to qualify to do business as a foreign corporation in
any jurisdiction wherein it is not so qualified;

          (e) notify the holders, promptly after it shall receive notice
thereof, of the time when such registration statement has become effective or a
supplement to any prospectus forming a part of such registration statement has
been filed;

          (f) notify the holders promptly of any request by the SEC for the
amending or supplementing of such registration statement or prospectus or for
additional information;

          (g) prepare and promptly file with the SEC and promptly notify such
holders of the filing of such amendment or supplement to such registration
statement or prospectus as may be necessary to correct any statements or
omissions if, at the time when a prospectus relating to such securities is
required to be delivered under the Securities Act, any event shall have occurred

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as the result of which any such prospectus or any other prospectus as then in
effect would include an untrue statement of a material fact or omit to state any
material fact necessary to make the statements therein, in the light of the
circumstances in which they were made, not misleading; and

          (h) advise the holders, promptly after it shall receive notice or
obtain knowledge thereof, of the issuance of any stop order by the SEC
suspending the effectiveness of such registration statement or the initiation or
threatening of any proceeding for that purpose and promptly use its best efforts
to prevent the issuance of any stop order or to obtain its withdrawal if such
stop order should be issued.

     The Subscribers shall cooperate with the Company in providing the
information necessary to effect the registration of the Registrable Securities,
including completion of customary questionnaires.

     5.4. Expenses. The Company shall bear all costs and expenses incurred in
connection with any Demand Registration pursuant to Section 5.1, any Piggy-Back
Registration pursuant to Section 5.2, and all expenses incurred in performing or
complying with its other obligations under this Agreement, whether or not the
Registration Statement becomes effective, including, without limitation: (i) all
registration and filing fees; (ii) fees and expenses of compliance with
securities or "blue sky" laws (including fees and disbursements of counsel in
connection with blue sky qualifications of the Registrable Securities); (iii)
printing expenses; (iv) the Company's internal expenses (including, without
limitation, all salaries and expenses of its officers and employees); (v) the
fees and expenses incurred in connection with the exchange listing of the
Registrable Securities; (vi) National Association of Securities Dealers, Inc.
fees; (vii) fees and disbursements of counsel for the Company and fees and
expenses for independent certified public accountants retained by the Company
(including the expenses or costs associated with the delivery of any opinions or
comfort letters); (viii) the fees and expenses of any special experts retained
by the Company in connection with such registration and (ix) the fees and
expenses of one legal counsel selected by the holders of a majority-in-interest
of the Registrable Securities included in such registration. The Company shall
have no obligation to pay any underwriting discounts or selling commissions
attributable to the Registrable Securities being sold by the holders thereof,
which underwriting discounts or selling commissions shall be borne by such
holders. Additionally, in an underwritten offering, all selling shareholders and
the Company shall bear the expenses of the underwriter

     6. Rescission Right, Waiver and Indemnification. The Subscriber understands
and acknowledges that an exemption from the registration requirements of the
Securities Act requires that there be no general solicitation of purchasers of
the Warrants. In this regard, if the offering of the units of shares of Common
Stock and warrants in the Company's initial public offering were deemed to be a
general solicitation with respect to the Warrants, the offer and sale of such
Warrants may not be exempt from registration and, if not, the Subscriber may
have a right to rescind his purchase of the Warrants. In order to facilitate the
completion of the Offering and in order to protect the Company, its stockholders
and the Trust Account from claims that may adversely affect the Company or the
interests of its stockholders, the Subscriber hereby agrees to waive, to the
maximum extent permitted by applicable law, any claims, right to sue or rights
in

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law or arbitration, as the case may be, to seek rescission of its purchase of
the Warrants. The Subscriber acknowledges and agrees that this waiver is being
made in order to induce the Company to sell the Warrants to the Subscriber. The
Subscriber agrees that the foregoing waiver of rescission rights shall apply to
any and all known or unknown actions, causes of action, suits, claims, or
proceedings (collectively, the "CLAIMS") and related losses, costs, penalties,
fees, liabilities and damages, whether compensatory, consequential or exemplary,
and expenses in connection therewith, including reasonable attorneys' and expert
witness fees and disbursements and all other expenses reasonably incurred in
investigating, preparing or defending against any Claims, whether pending or
threatened against the Company or the Trust Account, in connection with any
present or future actual or asserted right to rescind the purchase of the
Warrants hereunder or relating to the purchase of the Warrants and the
transactions contemplated hereby.

     7. Lock-Up. Each Subscriber, and his designees, shall not sell, assign,
hypothecate, or transfer any of the Warrants or Warrant Shares until the earlier
of the consummation of a Business Combination (as hereinafter defined) or
liquidation of the Company, provided however, that no such sale, assignment,
hypothecation or transfer may be effected unless, in each case, it is made in
accordance with transfer restrictions set forth in the Securities Act and the
regulations promulgated thereunder, and further provided that the Subscriber
shall have the right to sell, assign, hypothecate or transfer any of the
Warrants or Warrant Shares to an entity greater than 50% of which is
beneficially owned by and controlled by the Subscriber. As used herein, a
"BUSINESS COMBINATION" shall mean an acquisition by merger, capital stock
exchange, asset or stock acquisition, or other similar business combination with
one or more businesses with agreements to acquire an operating business in the
U.S. homeland security or defense industries or a combination thereof selected
by the Company

     8. Waiver of Liquidation Distributions. In connection with the Warrants
purchased pursuant to this Agreement, the Subscribers hereby waive any and all
right, title, interest or claim of any kind in or to any liquidating
distributions by the Company in the event of a liquidation of the Company upon
the Company's failure to timely complete a Business Combination. For purposes of
clarity, in the event the Subscribers purchase shares of Common Stock in the IPO
or in the aftermarket such shares shall be eligible to receive any liquidating
distributions by the Company.

     9. Governing Law; Jurisdiction; Waiver of Jury Trial. This Agreement shall
be governed by and construed in accordance with the laws of the State of New
York. The parties hereby agree that any action, proceeding or claim against it
arising out of or relating in any way to this Agreement shall be brought and
enforced in the courts of the State of New York or the United States District
Court for the Southern District of New York, and irrevocably submit to such
jurisdiction, which jurisdiction shall be exclusive. The parties hereby waive
any objection to such exclusive jurisdiction and that such courts represent an
inconvenient forum. Any such process or summons to be served upon the parties
may be served by transmitting a copy thereof by registered or certified mail,
return receipt requested, postage prepaid, addressed to it at the address set
forth in Section 11.1 hereof. Such mailing shall be deemed personal service and
shall be legal and binding upon the parties in any action, proceeding or claim.
THE PARTIES HERETO HEREBY WAIVE ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY
LITIGATION PURSUANT TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY.

     10. Assignment; Entire Agreement; Amendment.

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     10.1. Assignment. Neither this Agreement nor any rights hereunder may be
assigned by any party to any other person other than by Subscriber to a person
agreeing to be bound by the terms hereof.

     10.2. Entire Agreement. This Subscription Agreement sets forth the entire
agreement and understanding between the parties as to the subject matter thereof
and merges and supersedes all prior discussions, agreements and understandings
of any and every nature among them.

     10.3. Amendment. Except as expressly provided in this Agreement, neither
this Agreement nor any term hereof may be amended, waived, discharged or
terminated other than by a written instrument signed by the party against whom
enforcement of any such amendment, waiver, discharge, or termination is sought.

     10.4. Binding Upon Successors. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and to their respective heirs, legal
representatives, successors and assigns.

     11. Notices; Indemnity.

     11.1. Notices. Unless otherwise provided herein, any notice or other
communication to a party hereunder shall be sufficiently given if in writing and
personally delivered or sent by facsimile with copy sent in another manner
herein provided or sent by courier (which for all purposes of this Agreement
shall include Federal Express or other recognized overnight courier) or mailed
to said party by certified mail, return receipt requested, at its address
provided for herein or such other address as either may designate for itself in
such notice to the other and communications shall be deemed to have been
received when delivered personally, on the scheduled arrival date when sent by
next day or 2-day courier service, or if sent by facsimile upon receipt of
confirmation of transmittal or, if sent by mail, then three days after deposit
in the mail.

     11.2. Indemnification. Each party shall indemnify the other against any
loss, cost or damages (including reasonable attorney's fees and expenses)
incurred as a result of such party's breach of any representation, warranty,
covenant or agreement in this Agreement.

     12. Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be enforceable against the parties actually
executing such counterparts, and all of which together shall constitute one
instrument.

     13. Survival; Severability

     13.1. Survival. The representations, warranties, covenants and agreements
of the parties hereto shall survive the Closing.

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     13.2. Severability. In the event that any provision of this Agreement
becomes or is declared by a court of competent jurisdiction to be illegal,
unenforceable or void, this Agreement shall continue in full force and effect
without said provision; provided that no such severability shall be effective if
it materially changes the economic benefit of this Agreement to any party.

     14. Titles and Subtitles. The titles and subtitles used in this Agreement
are used for convenience only and are not to be considered in construing or
interpreting this Agreement.

                            [Signature Pages Follows]

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                                 SIGNATURE PAGE

Name of the Subscriber: Steven M. Wasserman

Number of Warrants Being Subscribed: 500,000

Aggregate Purchase Price: $500,000

Date of Subscription: __________________, 2007

Place of Residency and/or Principal Place of Business:

________________________________________

________________________________________

________________________________________

Social Security Number: ________________

Telephone: _____________________________

Fax: ___________________________________

SUBSCRIBER:

----------------------------------------
Steven W. Wasserman

This subscription is accepted by the Company on the ____ day of _________, 2007.

ALPHA SECURITY GROUP CORPORATION

By:
    ------------------------------------
Name:
      ----------------------------------
Title:
       ---------------------------------

<PAGE>

                                 SIGNATURE PAGE

Name of the Subscriber: Constantinos Tsakiris

Number of Warrants Being Subscribed: 2,700,000

Aggregate Purchase Price: $2,700,000

Date of Subscription: ___________________, 2007

Place of Residency and/or Principal Place of Business:

_________________________________________

_________________________________________

_________________________________________

Social Security Number: _________________

Telephone: ______________________________

Fax: ____________________________________

SUBSCRIBER:

----------------------------------------
Constantinos Tsakiris

This subscription is accepted by the Company on the ______ day of ________,
2007.

ALPHA SECURITY GROUP CORPORATION

By:
    ------------------------------------
Name:
      ----------------------------------
Title:
       ---------------------------------EX-10.1

 

Insurance Letters of Credit — Master Agreement

Form 3/CEP

To:         Citibank Europe plc (“CEP”)

Insurance Letter of Credit Department

2nd Floor

1 North Wall Quay

Dublin 1

Republic of Ireland

Citibank N.A. (“CNA”)

Citigroup Centre

Canada Square

Canary Wharf

London E14 5LB

Dear Sirs

Insurance Letters of Credit — Master Agreement

Insurance / Reinsurance Companies or Brokers

The purpose of this letter is to record our agreement (the “Agreement”):

	(i)	 	to the following method of establishing letters of credit or similar or equivalent
instruments (each a “New Credit” and collectively the “New Credits”) acceptable to CEP on our
behalf in favour of beneficiaries located in the United States of America or elsewhere (the
“Beneficiary” or “Beneficiaries” as the context may require); and

	(ii)	 	that each letter of credit or similar or equivalent instrument previously established in
favour of a Beneficiary or Beneficiaries (each an “Existing Credit” and together the “Existing
Credits”) under or pursuant to the agreement(s) entitled “Insurance Letters of Credit — Master
Agreement Insurance/Reinsurance Companies or Brokers” and previously entered into between CNA
and us (the “Existing Agreements”) shall be governed by this Agreement.

Together:

	(a)	 	the New Credits and the Existing Credits are referred to herein as the “Credits” and a
“Credit” shall mean any one of them as the context admits; and

	(b)	 	this Agreement and the Existing Agreements are referred to herein as the “Agreements”.

In connection with this Agreement, we have also separately agreed with CEP the contractual or
security arrangements that will apply in respect of our obligations under or pursuant to this
Agreement.

1. It is agreed between us that:

	 	(a)	 	in relation to each New Credit that CEP will, upon receipt of an application
form for the establishment of a New Credit in such form as CEP may be willing to accept
for this purpose and which may, without limitation, be received by CEP via any
electronic system(s) or transmission arrangement(s) acceptable to CEP (referred to in
this Agreement in relation to any New Credit as an “Application Form”) completed by us
or on our behalf in accordance with the terms of our banking mandate(s) or other
authorities lodged with CEP or arrangement(s) made with CEP from time to time,
indicating therein the name of the Beneficiary and the amount and term of the New
Credit required, establish on our behalf an irrevocable clean sight New Credit (or such
of other form of New Credit as may be required by the Application Form relating
thereto) available, in whole or in part, by the Beneficiary’s sight draft on CEP, or
otherwise as may be required by the terms of the New Credit; provided, however, that
the opening of

 

 

	 	 	any New Credit hereunder shall, in every instance, be at CEP’s option and nothing
herein shall be construed as obliging CEP to open a New Credit;

	(b)	 	prior to the establishment of any New Credit or in order to maintain any Credit
in issue, we undertake as follows:

	 	(i)	 	forthwith at CEP’s request to deposit with CNA, at their
branch at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB or, if
notified by CEP, at such other branch as CEP may designate or, at another bank
approved by CEP, in an account or accounts in our name either cash or
securities or a combination of cash and securities of such amount and
combination as CEP may require (a “Deposit”); and
	 
	 	(ii)	 	where a Deposit has been requested, to execute CEP’s standard
form bank charge documentation in relation to any accounts opened pursuant to
Clause 1(b)(i) above.

	(c)	 	without prejudice to the generality of Clause 1(b)(i) above the opening of any
New Credit hereunder shall be dependent upon CEP being satisfied in its absolute
discretion, that a Deposit has been carried out and that the documentation required to
be executed under Clause 1(b)(ii) above has been validly executed.

	(d)	 	we undertake to reimburse CEP, on demand, the amount of any and all drawings
under each Credit.

	(e)	 	we undertake to indemnify CEP, on demand, for and against all actions,
proceedings, losses, damages, charges, costs, expenses, claims and demands which CEP
may incur, pay or sustain by reason of or arising in any way whatsoever (apart from
CEP’s own gross negligence or wilful misconduct) in connection with each Credit and/or
the Agreements;

	(f)	 	we undertake to pay to CEP, on demand, such fees and/or commissions of such
amount(s) and/or at such rate(s) as shall have been or as may be advised by CEP to us
as payable in connection with each Credit;

	(g)	 	we hereby irrevocably authorise CEP to make or procure the making of any
payments and comply or procure the compliance with any demands which may be claimed
from or made in connection with each Credit without any reference to or further
authority from us and we hereby agree that it shall not be incumbent upon CEP to
enquire or to take notice whether or not any such payments or demands claimed from or
made in connection with each Credit are properly made or to enquire or to take notice
whether any dispute exists between ourselves and the Beneficiary thereof and we further
agree that any payment which CEP shall make or procure in accordance with the terms and
conditions of each Credit shall be binding upon us and shall be accepted by us as
conclusive evidence that CEP was liable to make such payment or comply with such
demand;

	(h)	 	we represent and warrant to CEP and undertake that:

	 	(i)	 	we have and will at all times have the necessary power to
enable us to enter into and perform the obligations expressed to be assumed by
us under this Agreement;
	 
	 	(ii)	 	this Agreement constitutes our legal, valid, binding and
enforceable obligation effective in accordance with its terms; and
	 
	 	(iii)	 	all necessary authorisations to enable or entitle us to
enter into this Agreement have been obtained and are in full force and effect
and will remain in such force and effect at all times during the subsistence
of this Agreement.

- 2 -

 

	 	(i)	 	we represent and warrant to CEP that:

	 	(i)	 	we are not unable to pay our debts as they fall due;
	 
	 	(ii)	 	we have not been deemed or declared to be unable to pay our
debts under applicable law;
	 
	 	(iii)	 	we have not suspended making payments on any of our debts;
	 
	 	(iv)	 	we have not by reason of actual or anticipated financial
difficulties commenced negotiations with any of our creditors with a view to
rescheduling any of our indebtedness;
	 
	 	(v)	 	the value of our assets is not less than our liabilities
(taking into account contingent and prospective liabilities);
	 
	 	(vi)	 	no moratorium has been declared in respect of any of our
indebtedness; and
	 
	 	(vii)	 	no analogous or similar event or concept to those set out in
clause (i) to (vi) has occurred or is the case under the laws of any
jurisdiction.

	2.	 	Where an Application Form has been authorised by any other applicant(s) with whom CEP’s
has entered into an agreement similar or equivalent in effect to this Agreement and a separate
Application Form has been completed by us or on our behalf which corresponds in CEP’s opinion,
with such other Application Form; or any other combination of circumstances exist which, in
CEP’s opinion, are reasonably equivalent to the foregoing, then, in any such case, CEP shall
be at liberty to open a single New Credit on behalf of ourselves and such other applicant(s)
jointly and in that event the following provisions shall apply:

	 	(a)	 	our obligations in respect of any Credit shall be in respect of our due
proportion of each drawing under any such Credit;
	 
	 	(b)	 	in establishing our due proportions of each drawing under any such Credit, CEP
are hereby irrevocably authorised to make apportionments between ourselves and such
other applicant(s) (i) on a pro rata basis by reference to the amounts set forth in the
application forms originally completed by us and them in respect of such Credit (and
after taking into account any subsequent increases or decreases in such Credit effected
by CEP for our or their respective accounts) or, if CEP should so choose (ii) in
reliance on the instructions and advice of and information provided by the relevant
Insurance Broker (construed in accordance with Clause 3 below); and
	 
	 	(c)	 	for the purposes of Clause 1(e) above, CEP may instead make any required
apportionments in such manner as CEP, in its sole discretion, considers to be fair and
reasonable.

	 	 	The provisions of Clause 2 shall also apply in circumstances where a single Existing Credit
deemed to have been established and issued hereunder by CEP pursuant to Clause 6 has been
issued on behalf of ourselves and one or more other applicant(s) jointly (save that such
Existing Credit shall only be governed by this Agreement where such other applicants have
also entered into an agreement with CEP and CNA on terms similar or equivalent in effect to
this Agreement).
	 
	3.	 	CEP may refer any query or problem arising in connection with this Agreement or any
transaction hereby contemplated to the relevant Insurance Broker or respond to any question
relating to the status of any Credit made by the relevant Insurance Broker (and, in such
response, if CEP considers that it is material to make reference to the subject matter of any
other agreement(s) now or hereafter entered into between CEP and us in connection with this
Agreement, CEP may disclose such information relating thereto as it, in its sole discretion,
considers to be appropriate). For the purposes of this Agreement, references to the relevant
“Insurance Broker” shall be construed so as to mean the insurance broker or other intermediary
(a) through whom CEP

- 3 -

 

	 	 	originally received the Application Form relating to the Credit in question (or, in respect
of Credits issued pursuant to an Existing Agreement, the insurance broker or other
intermediary through whom CNA was originally instructed to establish the relevant Existing
Credit) (or the person(s) who purport to have succeeded to the business thereof) or (b)
which, in CEP opinion, acts in connection with such Credit.

4.

	 	(a)	 	Any New Credit established hereby may, if requested by us on the
Application Form relating thereto and subject to CEP’s consent, bear a clause to the
effect that it will automatically be extended for successive periods of one year (or
such other period as may be stated in the relevant Application Form (or other relevant
application documentation)) unless the Beneficiary has received from the bank or
institution issuing the Credit (the “Issuing Bank”) by registered mail (or other
appropriate receipted delivery) notification of intention not to renew such Credit at
least 30 days (or such other period as may be stated in the relevant Application Form
(the “Notice Period”) prior to the end of the original term or, as the case may be, of
a period of extension. Certain Existing Credits deemed to be established and issued
hereunder by CEP pursuant to Clause 6 may also contain such extension terms. In
relation to any New Credit or Existing Credit containing such terms the Issuing Bank
shall be under no obligation to us to send the Beneficiary such notification (and
without such notification to the Beneficiary the Credit will automatically be extended
as provided in accordance with its terms) unless CEP shall have received by registered
mail or other means acceptable to it, notification from us (or from any one or more of
the other parties (if any) for whose account(s) any Credit may have been established as
contemplated by Clause 2 above) of our or its election not to renew such Credit at
least 30 days prior to the commencement of the Notice Period relating to the original
term or, as the case may be, a period of extension; provided however that CEP will, as
soon as is reasonably possible, give us advice of the receipt by it of any such notice
from any other such parties. We understand that receipt by CEP of any such notice may
result in the whole of such Credit being cancelled (and not just the portion
attributable to us) and, save as is provided above, CEP reserves the right, at its sole
option and discretion, to give or procure the giving at any time to the Beneficiary of
notification of intention not to renew any Credit and that if CEP exercises such said
right, it will give us notice in writing thereof as soon as is reasonably possible.
	 
	 	(b)	 	If, in either of the circumstances referred to in sub-paragraph (a) above, the
Issuing Bank has given notification not to renew such Credit, then CEP may (but shall
not be obliged to) without further authority from us (or from any of the other persons
as aforesaid) arrange for the Beneficiary to accept (1) a substitute Credit (the
“Substitute Credit”) from the Issuing Bank on terms identical to such Credit except
that (i) the amount of the Substitute Credit will be equal to the then undrawn face
value of such Credit less the portion thereof (determined by CEP) to be attributable to
the person(s) (the “Excluded Person(s)”) who gave a notice of non-renewal to CEP or, as
the case may be, for whom CEP does not wish to arrange the issuance of the Substitute
Credit and (ii) the original term of the Substitute Credit will, subject to renewal as
mentioned in sub-paragraph (a) above, be up to one year in duration (or such longer
duration as may be required by any regulatory or other authority having jurisdiction as
to the acceptability of the Substitute Credit) or (2) such other arrangement,
compromise, release or waiver as, in your sole opinion, will result in the same effect
being achieved as in (1) above. CEP will, as soon as reasonably possible, advise us
(unless we are the, or one of the, Excluded Person(s)) of the matter(s) effected by CEP
pursuant to the foregoing provisions.

	5.	 	CEP may, at its sole option, arrange for the issuance of any New Credit as being
subject to either (i) the Uniform Customs and Practice for Documentary Credits (1993 Revision)
ICC Publication No. 500 or (ii) the International Chamber of Commerce Publication No. 590 -
the International Standby Practices 1998, (or any subsequent version of either); provided
however that CEP may

- 4 -

 

	 	 	agree such modifications thereof as may be required by any regulatory or other authority
having jurisdiction as to the acceptability of the Credit in question.

	6.	 	Unless otherwise agreed between CEP, CNA and us in writing, the Existing Agreement(s)
(if any) entered into between CNA and us governing Existing Credits (other than those at any
time governed by a “Master Agreement — London Market Letter of Credit Scheme” or substantially
equivalent agreement) established by CNA on our behalf in favour of Beneficiaries shall on
acceptance by CEP and CNA of this letter duly executed by us, cease to apply to all such
credits and all such Existing Credits shall, from the date of such acceptance be governed by
this Agreement as if such Existing Credit had been established and issued hereunder. For the
avoidance of doubt:

	 	(a)	 	this Agreement shall not operate as an assignment of the whole or any part of
the rights under or the benefit of the Existing Agreements or a novation of such rights
and obligations with the result that CEP is bound by the terms of the Existing
Agreements;
	 
	 	(b)	 	we agree to release and discharge CNA from further performance of its
obligations arising in favour of us on and after the date upon which this letter is
duly executed by CNA and CEP; and
	 
	 	(c)	 	CNA shall release and discharge us from further performance of our obligations
arising in favour of CNA on and after the date upon which this letter is duly executed
by CNA and CEP, such obligations in respect of Existing Credits being replaced with our
obligations to reimburse, indemnify or otherwise pay CEP pursuant to Clauses 1(d) to
1(g) hereunder in respect of CEP obligations to CNA (or any other relevant third party
correspondent) to guarantee reimbursement to CNA (or such other relevant third party
correspondent) of any payments CNA (or such other relevant third party correspondent)
may make under or in respect of Existing Credits (as further described in Clause 10).

	7.	 	Unless otherwise agreed between CEP, CNA and us in writing, the previous agreements (if
any) entered into between all of us or CEP and us on terms similar or equivalent to this
Agreement governing Credits (other than for the avoidance of doubt, those governed by the
“Master Agreement — London Market Letter of Credit Scheme” or substantially equivalent
agreement) shall, on acceptance by you of this letter duly executed by CEP and CNA, cease to
apply to all such Credits and all such Credits shall from the date of final acceptance be
governed by this Agreement.

	8.	 	If at our request, a Credit expressly chooses a state or country law other than New
York, USA or English law, or is silent with respect to the International Chamber of Commerce
Publication No. 500 — Uniform Customs and Practice for Documentary Credits (the “UCP”), the
International Chamber of Commerce Publication No. 590 — International Standby Practices 1998
(the “ISP”) or a governing law, CEP shall not be liable for any payment, cost, expense or loss
resulting from such action or inaction taken by CEP if such action or inaction is justified
under the UCP, the ISP, New York law or English law or the law governing the Credit.

	9.	 	We understand that CEP may carry out any of its obligations under this Agreement
through any of its offices or branches wheresoever situated and may wish to exercise any of
its rights under this Agreement through offices or branches of CEP wheresoever situated.

	10.	 	We further understand that CEP also reserves the right to issue any Credit through a
third party correspondent of its choice and/or to have any Credit confirmed by CNA and in such
circumstances, CEP will be required to guarantee reimbursement to such correspondent (and/or
CNA, as the case may be) of any payments which such correspondent (and/or CNA, as the case may
be) may make under the Credit in question and such guarantee (howsoever described) shall also
be treated mutatis mutandis as a Credit for the purposes of this Agreement. We further
understand that CEP has agreed to guarantee reimbursement to CNA (or, where relevant, a third
party correspondent) of any payments CNA (or such third party correspondent) may make under or

- 5 -

 

	 	 	 

	 	 	in respect of Existing Credits and such guarantee (howsoever described) shall also be
treated mutatis mutandis as a Credit for the purposes of this Agreement.
	11.	 	The provisions of the foregoing paragraphs shall be equally applicable to any
increase, extension, renewal, partial renewal, modification or amendment of or substitute
instrument for any Credit to which they apply. If for any reason any amount paid under any
Credit is repaid, in whole or in part, by the Beneficiary thereof, CEP may, in its sole
discretion, treat (or procure the treatment of) such repayment as a reinstatement of an amount
(equal to such repayment) under such Credit. The value date applied by CEP to any such
reinstatement shall not be earlier than the date of such repayment and CEP shall not be liable
for any loss of any nature which we may suffer or incur and which may arise from any
inadvertent or erroneous drawing.

	12.	 	Any notice or demand to be served on us by CEP hereunder may be served:

	 	(a)	 	on any of our officers personally;
	 
	 	(b)	 	by letter addressed to us or to any of our officers and left at our registered
office or at any one of our principal places of business;
	 
	 	(c)	 	by posting the same by letter addressed in any such manner as aforesaid to such
registered office or any such principal place of business; or
	 
	 	(d)	 	by telex or facsimile addressed in any such manner as aforesaid to any then
published telex or facsimile number of ourselves.

	 	 	Unless otherwise stated, any notice or demand to be served on CEP or CNA by us hereunder
must be served at the relevant address stated at the beginning of this Agreement (or such
other address as CEP or CNA (as applicable) may notify to us from time to time) or by
facsimile to such number as CEP or CNA may notify to us from time to time.

     Any notice or demand:

	 	(e)	 	sent by post to any address in the Republic of Ireland or the United Kingdom
shall be deemed to have been served on us at 10.a.m. (London time) on the first
Business Day after the date of posting (in the case of an address in the Republic of
Ireland) and on the second Business Day after posting (in the case of an address in the
United Kingdom), or in the case of an address outside the Republic of Ireland or the
United Kingdom (or a notice or demand to CEP or CNA), shall be deemed to have been
served on the relevant party at 10 a.m. (London time) on the third Business Day after
and exclusive of the date of posting; or
	 
	 	(f)	 	sent by telex or facsimile shall be deemed to have been served on the relevant
party when dispatched.

	 	 	In proving such service by post, it shall be sufficient to show that the letter containing
the notice or demand was properly addressed and posted and such proof of service shall be
effective notwithstanding that the letter was in fact not delivered or was returned
undelivered.
	 
	 	 	In this clause a “Business Day” shall be construed as a reference to a day (other than a
Saturday or Sunday) on which banks are generally open for business in London.

	13.	 	You shall have a full and unfettered right to (a) assign the whole or any part of the
rights under or the benefit of this Agreement or (b) (subject to Clause 14 below) novate your
rights and obligations under this Agreement. Any reference to CEP hereunder shall be deemed
to include its assignee and novatees and other successors, whether immediate or derivative,
who shall be entitled to enforce and proceed upon this Agreement in the same manner as if
named herein. CEP shall be entitled to impart any information concerning us to any such
assignee, novatee or other successor or any participant or proposed assignee, novatee,
successor or participant.

- 6 -

 

14.

	14.1	 	The person who is for the time being liable to perform CEP obligations under this
Agreement (a “Transferring Bank”) shall be entitled to novate at any time, upon service of a
notice in the form attached as Schedule One to this Agreement (the “Novation Notice”) on us,
any or all of its rights and obligations under, and the benefit of, this Agreement to any
Permitted Transferee. With effect from the date on which a Novation Notice is executed by the
Transferring Bank and the Permitted Transferee and served on us (the “Novation Date”) the
provisions of Clause 14.2 shall have effect (but not otherwise).
	 
	 	 	For the purposes of this Clause 14, a “Permitted Transferee” shall mean any holding company,
subsidiary or affiliate of Citigroup Inc.

	14.2	 	With effect from (and subject to the occurrence of) the Novation Date:

	 	(a)	 	the Permitted Transferee shall be bound by the terms of this Agreement (as
novated) in every way as if the Permitted Transferee were and had been a party hereto
in place of the Transferring Bank and the Permitted Transferee shall undertake and
perform and discharge all CEP’s obligations and liabilities under this Agreement (as
novated) whether the same fell or fall due to be performed or arose or arise on, before
or after the Novation Date;
	 
	 	(b)	 	we shall release and discharge the Transferring Bank from further performance
of its obligations arising in favour of us on and after the Novation Date under this
Agreement and all claims and demands whatsoever in respect thereof against the
Transferring Bank and we shall accept the liability of the Permitted Transferee in
respect of such obligations in place of the liability of the Transferring Bank;
	 
	 	(c)	 	the Transferring Bank shall release and discharge us from further performance
of our obligations arising in favour of the Transferring Bank on and after the Novation
Date under this Agreement and all claims and demands whatsoever in respect thereof by
the Transferring Bank;
	 
	 	(d)	 	we shall be bound by the terms of this Agreement (as novated) in every way, and
we shall undertake and perform and discharge in favour of the Permitted Transferee each
of our obligations whether the same fell or fall to be performed or arose or arise on,
before or after the Novation Date and expressed to be owed to CEP.

	14.3	 	Without prejudice to the automatic novation of the Transferring Bank’s rights and
obligations pursuant to Clause 14.2 we undertake to sign and return promptly each
acknowledgement of the Novation Notice from time to time delivered to us promptly following
receipt of the same from the Transferring Bank.

	15.	 	INTENTIONALLY OMITTED

	16.	 	This Agreement shall be governed by English law and for CEP’s benefit we hereby
irrevocably submit to the jurisdiction of the English Courts in respect of any dispute which
may arise from or in connection with this Agreement. The terms of this Agreement may not be
waived, modified or amended unless such waiver, modification or amendment is in writing and
signed by CEP nor may we assign any of our rights hereunder without the prior written consent
of CEP.

	17.	 	A person who is not a party to this Agreement has no rights under the Contracts
(Rights of Third Parties) Act 1999 to enforce any terms of this Agreement. CNA’s consent
shall not be required to vary or rescind this Agreement at any time.

- 7 -

 

For and on behalf of

Allied World Assurance Company, Ltd

Signature(s)  /s/
Marchelle D. Lewis,    /s/ Joan H. Dillard

Dated   February 28, 2007

Accepted for and on behalf of

CITIBANK EUROPE PLC

By:  /s/
Mary O’Neill

Dated:  February
28, 2007

Accepted for and on behalf of

CITIBANK N.A.

By:  /s/
Peaclar MacCanna

Dated:  February
28, 2007

- 8 -

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