Document:

Exhibit 4.1

         THIS WARRANT AND THE SHARES ISSUABLE UPON THE EXERCISE OF THIS WARRANT
         HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
         EXCEPT AS OTHERWISE SET FORTH HEREIN NEITHER THIS WARRANT NOR ANY OF
         SUCH SHARES MAY BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN
         EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER SAID ACT OR,
         AN OPINION OF COUNSEL, IN FORM, SUBSTANCE AND SCOPE, ACCEPTABLE TO THE
         COMPANY'S COUNSEL, THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR
         UNLESS SOLD PURSUANT TO RULE 144 OR REGULATION S UNDER SUCH ACT.

                                                                  Right to
                                                                  Purchase
                                                                  ________
                                                                  Shares of
                                                                  Common
                                                                  Stock, par
                                                                  value $.01 per
                                                                  share

                             STOCK PURCHASE WARRANT

         THIS CERTIFIES THAT, for value received,_______________________ or its
registered assigns, is entitled to purchase from MSGI Security Solutions, Inc. a
Nevada corporation (the "Company"), at any time or from time to time during the
period specified in Paragraph 2 hereof, ___________________ fully paid and
nonassessable shares of the Company's Common Stock, par value $.01 per share
(the "Common Stock"), at an exercise price per share equal to $4.50 (the
"Exercise Price"). The term "Warrant Shares," as used herein, refers to the
shares of Common Stock purchasable hereunder. The Warrant Shares and the
Exercise Price are subject to adjustment as provided in Paragraph 4 hereof. The
term "Warrants" means this Warrant.

         This Warrant is subject to the following terms, provisions, and
conditions:

         1.    Manner of Exercise; Issuance of Certificates; Payment for Shares.

               (a)  Subject to the provisions hereof, this Warrant may be
exercised by the holder hereof, in whole or in part, by the surrender of this
Warrant, together with a completed exercise agreement in the form attached
hereto (the "Exercise Agreement"), to the Company during normal business hours
on any business day at the Company's principal executive offices (or such other
office or agency of the Company as it may designate by notice to the holder
hereof), and upon (i) payment to the Company in cash, by certified or official
bank check or by wire transfer for the account of the Company of the Exercise
Price for the Warrant Shares

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specified in the Exercise Agreement or (ii) if the resale of the Warrant Shares
by the holder is not then registered pursuant to an effective registration
statement under the Securities Act of 1933, as amended (the "Securities Act"),
delivery to the Company of a written notice of an election to effect a "Cashless
Exercise" (as defined in Section 11(c) below) for the Warrant Shares specified
in the Exercise Agreement. The Warrant Shares so purchased shall be deemed to be
issued to the holder hereof or such holder's designee, as the record owner of
such shares, as of the close of business on the date on which this Warrant shall
have been surrendered, the completed Exercise Agreement shall have been
delivered, and payment shall have been made for such shares as set forth above.
Certificates for the Warrant Shares so purchased, representing the aggregate
number of shares specified in the Exercise Agreement, shall be delivered to the
holder hereof within a reasonable time, not exceeding three (3) business days,
after this Warrant shall have been so exercised. The certificates so delivered
shall be in such denominations as may be requested by the holder hereof and
shall be registered in the name of such holder. If this Warrant shall have been
exercised only in part, then, unless this Warrant has expired, the Company
shall, at its expense, at the time of delivery of such certificates, deliver to
the holder a new Warrant representing the number of shares with respect to which
this Warrant shall not then have been exercised. In addition to all other
available remedies at law or in equity, if the Company fails to deliver
certificates for the Warrant Shares within three (3) business days after this
Warrant is exercised, then the Company shall pay to the holder in cash a penalty
(the "Penalty") equal to 2% of the number of Warrant Shares that the holder is
entitled to multiplied by the Market Price (as hereinafter defined) for each day
that the Company fails to deliver certificates for the Warrant Shares. For
example, if the holder is entitled to 100,000 Warrant Shares and the Market
Price is $2.00, then the Company shall pay to the holder $4,000 for each day
that the Company fails to deliver certificates for the Warrant Shares. The
Penalty shall be paid to the holder by the fifth day of the month following the
month in which it has accrued.

         Notwithstanding anything in this Warrant to the contrary, in no event
shall the holder of this Warrant be entitled to exercise a number of Warrants
(or portions thereof) in excess of the number of Warrants (or portions thereof)
upon exercise of which the sum of (i) the number of shares of Common Stock
beneficially owned by the holder and its affiliates (other than shares of Common
Stock which may be deemed beneficially owned through the ownership of the
unexercised Warrants and the unexercised or unconverted portion of any other
securities of the Company (including the Notes (as defined in the Securities
Purchase Agreement)) subject to a limitation on conversion or exercise analogous
to the limitation contained herein) and (ii) the number of shares of Common
Stock issuable upon exercise of the Warrants (or portions thereof) with respect
to which the determination described herein is being made, would result in
beneficial ownership by the holder and its affiliates of more than 4.9% of the
outstanding shares of Common Stock. For purposes of the immediately preceding
sentence, beneficial ownership shall be determined in accordance with Section
13(d) of the Securities Exchange Act of 1934, as amended, and Regulation 13D-G
thereunder, except as otherwise provided in clause (i) of the preceding
sentence. Notwithstanding anything to the contrary contained herein, the
limitation on exercise of this Warrant set forth herein may not be amended
without (i) the written consent of the holder hereof and the Company and (ii)
the approval of a majority of shareholders of the Company.

         (b)   Redemption Right. The Company shall be entitled, on any day (the
"Calculation Date") on which the Closing Price (as defined below) of the Common
Stock for ten (10) consecutive Trading Days (as defined below) is equal to or
greater than $6.50, to deliver a

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written notice (the "Redemption Notice") to the Holder that the Company will
redeem this Warrant (the "Redemption Date") at the Redemption Price (as defined
below) provided, however, that the Company shall have such right if and only if
(x) for a period of thirty (30) days prior to the Calculation Date and (y) at
all times during such thirty (30) day period and continuing through the
Redemption Date, the Warrant Shares issuable upon exercise of the Warrants are
(i) authorized and reserved for issuance, (ii) registered for resale under the
Securities Act of 1933, as amended, by the holder of this Warrant (or may
otherwise be resold publicly without restriction) and sales of the Warrant
Shares may be made continuously thereunder during such time periods, and (iii)
listed for trading on each principal exchange or market on which the shares of
Common Stock of the Company were then traded. The Redemption Price shall be paid
by the Company to the Holder within two (2) business days of the Redemption
Date. The "Redemption Price" shall equal the Closing Price (as defined below) on
the Redemption Date less the Exercise Price, multiplied by the number of
Warrants being redeemed hereunder. Nothing in this Section 1(b) shall prohibit
exercise of the Warrant otherwise permitted pursuant to the terms of this
Warrant during the pendency of any Redemption Notice prior to the payment of the
Redemption Price. "Trading Day" shall mean any day on which the Common Stock is
traded for any period on the Over-the-Counter Bulletin Board (the "OTCBB"), or
on the principal securities exchange or other securities market on which the
Common Stock is then being traded. "Closing Price," as of any date, (i) means
the last reported sale price for the shares of Common Stock on the OTCBB as
reported by Bloomberg Financial Markets or other similar reliable reporting
service as designated by the Holder ("Bloomberg"), or (ii) if the OTCBB is not
the principal trading market for the shares of Common Stock, the last reported
sale price on the principal trading market for the Common Stock as reported by
Bloomberg, or (iii) if the last reported sale price cannot be determined as of
such date on any of the foregoing bases, the Closing Price shall be the fair
market value as reasonably determined in good faith by the Board of Directors of
the Company or, at the option of a majority-in-interest of the holders of the
outstanding Warrants, by an independent investment bank of nationally recognized
standing in the valuation of businesses similar to the business of the
corporation.

               (c)   19.99% Limitation. The Holder hereby agrees that the
Company shall not be required to issue, or reserve for issuance at any time (in
connection with the terms of this Warrant), in the aggregate, Common Stock equal
to more than 19.99% of the Company's Common Stock outstanding (on a
pre-transaction basis).

         2.    Period of Exercise. This Warrant is exercisable at any time or
from time to time on or after the date on which this Warrant is issued and
delivered pursuant to the terms of the Securities Purchase Agreement and before
5:00 p.m., New York, New York time on the sixth (6th) anniversary of the date of
issuance (the "Exercise Period").

         3.    Certain Agreements of the Company. The Company hereby covenants
and agrees as follows:

               (a)  Shares to be Fully Paid. All Warrant Shares will, upon
issuance in accordance with the terms of this Warrant, be validly issued, fully
paid, and nonassessable and free from all taxes, liens, and charges with respect
to the issue thereof.

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               (b)  Reservation of Shares. During the Exercise Period, the
Company shall at all times have authorized, and reserved for the purpose of
issuance upon exercise of this Warrant, a sufficient number of shares of Common
Stock to provide for the exercise of this Warrant.

               (c)  Listing. The Company shall promptly secure the listing of
the shares of Common Stock issuable upon exercise of the Warrant upon each
national securities exchange or automated quotation system, if any, upon which
shares of Common Stock are then listed (subject to official notice of issuance
upon exercise of this Warrant) and shall maintain, so long as any other shares
of Common Stock shall be so listed, such listing of all shares of Common Stock
from time to time issuable upon the exercise of this Warrant; and the Company
shall so list on each national securities exchange or automated quotation
system, as the case may be, and shall maintain such listing of, any other shares
of capital stock of the Company issuable upon the exercise of this Warrant if
and so long as any shares of the same class shall be listed on such national
securities exchange or automated quotation system.

               (d)  Certain Actions Prohibited. The Company will not, by
amendment of its charter or through any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of securities, or any other
voluntary action, avoid or seek to avoid the observance or performance of any of
the terms to be observed or performed by it hereunder, but will at all times in
good faith assist in the carrying out of all the provisions of this Warrant and
in the taking of all such action as may reasonably be requested by the holder of
this Warrant in order to protect the exercise privilege of the holder of this
Warrant against dilution or other impairment, consistent with the tenor and
purpose of this Warrant. Without limiting the generality of the foregoing, the
Company (i) will not increase the par value of any shares of Common Stock
receivable upon the exercise of this Warrant above the Exercise Price then in
effect, and (ii) will take all such actions as may be necessary or appropriate
in order that the Company may validly and legally issue fully paid and
nonassessable shares of Common Stock upon the exercise of this Warrant.

               (e)  Successors and Assigns. This Warrant will be binding upon
any entity succeeding to the Company by merger, consolidation, or acquisition of
all or substantially all the Company's assets.

         4.    Antidilution Provisions. During the Exercise Period, the Exercise
Price and the number of Warrant Shares shall be subject to adjustment from time
to time as provided in this Paragraph 4.

         In the event that any adjustment of the Exercise Price as required
herein results in a fraction of a cent, such Exercise Price shall be rounded up
to the nearest cent.

               (a)  Subdivision or Combination of Common Stock. If the Company
at any time subdivides (by any stock split, stock dividend, recapitalization,
reorganization, reclassification or otherwise) the shares of Common Stock
acquirable hereunder into a greater number of shares, then, after the date of
record for effecting such subdivision, the Exercise Price in effect immediately
prior to such subdivision will be proportionately reduced. If the Company at any
time combines (by reverse stock split, recapitalization, reorganization,
reclassification or otherwise) the shares of Common Stock acquirable hereunder
into a smaller number of shares, then, after the date of record for effecting
such combination, the Exercise Price in effect immediately prior to such
combination will be proportionately increased.

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               (b)  Adjustment in Number of Shares. Upon each adjustment of the
Exercise Price pursuant to the provisions of this Paragraph 4, the number of
shares of Common Stock issuable upon exercise of this Warrant shall be adjusted
by multiplying a number equal to the Exercise Price in effect immediately prior
to such adjustment by the number of shares of Common Stock issuable upon
exercise of this Warrant immediately prior to such adjustment and dividing the
product so obtained by the adjusted Exercise Price.

               (c)  Consolidation, Merger or Sale. In case of any consolidation
of the Company with, or merger of the Company into any other corporation, or in
case of any sale or conveyance of all or substantially all of the assets of the
Company other than in connection with a plan of complete liquidation of the
Company, then as a condition of such consolidation, merger or sale or
conveyance, adequate provision will be made whereby the holder of this Warrant
will have the right to acquire and receive upon exercise of this Warrant in lieu
of the shares of Common Stock immediately theretofore acquirable upon the
exercise of this Warrant, such shares of stock, securities or assets as may be
issued or payable with respect to or in exchange for the number of shares of
Common Stock immediately theretofore acquirable and receivable upon exercise of
this Warrant had such consolidation, merger or sale or conveyance not taken
place. In any such case, the Company will make appropriate provision to insure
that the provisions of this Paragraph 4 hereof will thereafter be applicable as
nearly as may be in relation to any shares of stock or securities thereafter
deliverable upon the exercise of this Warrant. The Company will not effect any
consolidation, merger or sale or conveyance unless prior to the consummation
thereof, the successor corporation (if other than the Company) assumes by
written instrument the obligations under this Paragraph 4 and the obligations to
deliver to the holder of this Warrant such shares of stock, securities or assets
as, in accordance with the foregoing provisions, the holder may be entitled to
acquire.

               (d)  Distribution of Assets. In case the Company shall declare or
make any distribution of its assets (including cash) to holders of Common Stock
as a partial liquidating dividend, by way of return of capital or otherwise,
then, after the date of record for determining shareholders entitled to such
distribution, but prior to the date of distribution, the holder of this Warrant
shall be entitled upon exercise of this Warrant for the purchase of any or all
of the shares of Common Stock subject hereto, to receive the amount of such
assets which would have been payable to the holder had such holder been the
holder of such shares of Common Stock on the record date for the determination
of shareholders entitled to such distribution.

               (e)  Notice of Adjustment. Upon the occurrence of any event which
requires any adjustment of the Exercise Price, then, and in each such case, the
Company shall give notice thereof to the holder of this Warrant, which notice
shall state the Exercise Price resulting from such adjustment and the increase
or decrease in the number of Warrant Shares purchasable at such price upon
exercise, setting forth in reasonable detail the method of calculation and the
facts upon which such calculation is based. Such calculation shall be certified
by the Chief Financial Officer of the Company.

               (f)  No Fractional Shares. No fractional shares of Common Stock
are to be issued upon the exercise of this Warrant, but the Company shall pay a
cash adjustment in respect of any fractional share which would otherwise be
issuable in an amount equal to the same fraction of the Market Price of a share
of Common Stock on the date of such exercise.

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               (g)  Other Notices. In case at any time:

                    (i) the Company shall declare any dividend upon the Common
Stock payable in shares of stock of any class or make any other distribution
(including dividends or distributions payable in cash out of retained earnings)
to the holders of the Common Stock;

                    (ii) the Company shall offer for subscription pro rata to
the holders of the Common Stock any additional shares of stock of any class or
other rights;

                    (iii) there shall be any capital reorganization of the
Company, or reclassification of the Common Stock, or consolidation or merger of
the Company with or into, or sale of all or substantially all its assets to,
another corporation or entity; or

                    (iv) there shall be a voluntary or involuntary dissolution,
liquidation or winding up of the Company;

then, in each such case, the Company shall give to the holder of this Warrant
(a) notice of the date on which the books of the Company shall close or a record
shall be taken for determining the holders of Common Stock entitled to receive
any such dividend, distribution, or subscription rights or for determining the
holders of Common Stock entitled to vote in respect of any such reorganization,
reclassification, consolidation, merger, sale, dissolution, liquidation or
winding-up and (b) in the case of any such reorganization, reclassification,
consolidation, merger, sale, dissolution, liquidation or winding-up, notice of
the date (or, if not then known, a reasonable approximation thereof by the
Company) when the same shall take place. Such notice shall also specify the date
on which the holders of Common Stock shall be entitled to receive such dividend,
distribution, or subscription rights or to exchange their Common Stock for stock
or other securities or property deliverable upon such reorganization,
reclassification, consolidation, merger, sale, dissolution, liquidation, or
winding-up, as the case may be. Such notice shall be given at least 30 days
prior to the record date or the date on which the Company's books are closed in
respect thereto. Failure to give any such notice or any defect therein shall not
affect the validity of the proceedings referred to in clauses (i), (ii), (iii)
and (iv) above.

               (h)  Certain Events. If any event occurs of the type contemplated
by the adjustment provisions of this Paragraph 4 but not expressly provided for
by such provisions, the Company will give notice of such event as provided in
Paragraph 4(g) hereof, and the Company's Board of Directors will make an
appropriate adjustment in the Exercise Price and the number of shares of Common
Stock acquirable upon exercise of this Warrant so that the rights of the holder
shall be neither enhanced nor diminished by such event.

               (i)  Certain Definitions.

                    (i) "Common Stock Deemed Outstanding" shall mean the number
of shares of Common Stock actually outstanding (not including shares of Common
Stock held in the treasury of the Company), plus (x) pursuant to Paragraph
4(b)(i) hereof, the maximum total number of shares of Common Stock issuable upon
the exercise of Options, as of the date of such issuance or grant of such
Options, if any, and (y) pursuant to Paragraph 4(b)(ii) hereof, the maximum
total number of shares of Common Stock issuable upon conversion or exchange of
Convertible Securities, as of the date of issuance of such Convertible
Securities, if any.

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                    (ii) "Market Price," as of any date, (i) means the average
of the last reported sale prices for the shares of Common Stock on the OTCBB for
the five (5) Trading Days immediately preceding such date as reported by
Bloomberg, or (ii) if the OTCBB is not the principal trading market for the
shares of Common Stock, the average of the last reported sale prices on the
principal trading market for the Common Stock during the same period as reported
by Bloomberg, or (iii) if market value cannot be calculated as of such date on
any of the foregoing bases, the Market Price shall be the fair market value as
reasonably determined in good faith by (a) the Board of Directors of the Company
or, at the option of a majority-in-interest of the holders of the outstanding
Warrants by (b) an independent investment bank of nationally recognized standing
in the valuation of businesses similar to the business of the corporation. The
manner of determining the Market Price of the Common Stock set forth in the
foregoing definition shall apply with respect to any other security in respect
of which a determination as to market value must be made hereunder.

                    (iii) "Common Stock," for purposes of this Paragraph 4,
includes the Common Stock, par value $.01 per share, and any additional class of
stock of the Company having no preference as to dividends or distributions on
liquidation, provided that the shares purchasable pursuant to this Warrant shall
include only shares of Common Stock, par value $.01 per share, in respect of
which this Warrant is exercisable, or shares resulting from any subdivision or
combination of such Common Stock, or in the case of any reorganization,
reclassification, consolidation, merger, or sale of the character referred to in
Paragraph 4(e) hereof, the stock or other securities or property provided for in
such Paragraph.

         5.    Issue Tax. The issuance of certificates for Warrant Shares upon
the exercise of this Warrant shall be made without charge to the holder of this
Warrant or such shares for any issuance tax or other costs in respect thereof,
provided that the Company shall not be required to pay any tax which may be
payable in respect of any transfer involved in the issuance and delivery of any
certificate in a name other than the holder of this Warrant.

         6.    No Rights or Liabilities as a Shareholder. This Warrant shall not
entitle the holder hereof to any voting rights or other rights as a shareholder
of the Company. No provision of this Warrant, in the absence of affirmative
action by the holder hereof to purchase Warrant Shares, and no mere enumeration
herein of the rights or privileges of the holder hereof, shall give rise to any
liability of such holder for the Exercise Price or as a shareholder of the
Company, whether such liability is asserted by the Company or by creditors of
the Company.

         7.    Transfer, Exchange, and Replacement of Warrant.

               (a)  Restriction on Transfer. This Warrant and the rights granted
to the holder hereof are transferable, in whole or in part, upon surrender of
this Warrant, together with a properly executed assignment in the form attached
hereto, at the office or agency of the Company referred to in Paragraph 7(e)
below, provided, however, that any transfer or assignment shall be subject to
the conditions set forth in Paragraph 7(f) hereof and to the applicable
provisions of the Securities Purchase Agreement. Until due presentment for
registration of transfer on the books of the Company, the Company may treat the
registered holder hereof as the owner and holder hereof for all purposes, and
the Company shall not be affected by any notice to the contrary. Notwithstanding
anything to the contrary contained herein, the registration rights described in
Paragraph 8 are assignable only in accordance with the

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provisions of that certain Registration Rights Agreement, dated July 12, 2005,
by and among the Company and the other signatories thereto (the "Registration
Rights Agreement").

               (b)  Warrant Exchangeable for Different Denominations. This
Warrant is exchangeable, upon the surrender hereof by the holder hereof at the
office or agency of the Company referred to in Paragraph 7(e) below, for new
Warrants of like tenor representing in the aggregate the right to purchase the
number of shares of Common Stock which may be purchased hereunder, each of such
new Warrants to represent the right to purchase such number of shares as shall
be designated by the holder hereof at the time of such surrender.

               (c)  Replacement of Warrant. Upon receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction, or mutilation of
this Warrant and, in the case of any such loss, theft, or destruction, upon
delivery of an indemnity agreement reasonably satisfactory in form and amount to
the Company, or, in the case of any such mutilation, upon surrender and
cancellation of this Warrant, the Company, at its expense, will execute and
deliver, in lieu thereof, a new Warrant of like tenor.

               (d)  Cancellation; Payment of Expenses. Upon the surrender of
this Warrant in connection with any transfer, exchange, or replacement as
provided in this Paragraph 7, this Warrant shall be promptly canceled by the
Company. The Company shall pay all taxes (other than securities transfer taxes)
and all other expenses (other than legal expenses, if any, incurred by the
holder or transferees) and charges payable in connection with the preparation,
execution, and delivery of Warrants pursuant to this Paragraph 7.

               (e)  Register. The Company shall maintain, at its principal
executive offices (or such other office or agency of the Company as it may
designate by notice to the holder hereof), a register for this Warrant, in which
the Company shall record the name and address of the person in whose name this
Warrant has been issued, as well as the name and address of each transferee and
each prior owner of this Warrant.

               (f)  Exercise or Transfer Without Registration. If, at the time
of the surrender of this Warrant in connection with any exercise, transfer, or
exchange of this Warrant, this Warrant (or, in the case of any exercise, the
Warrant Shares issuable hereunder), shall not be registered under the Securities
Act of 1933, as amended (the "Securities Act") and under applicable state
securities or blue sky laws, the Company may require, as a condition of allowing
such exercise, transfer, or exchange, (i) that the holder or transferee of this
Warrant, as the case may be, furnish to the Company a written opinion of
counsel, which opinion and counsel are acceptable to the Company, to the effect
that such exercise, transfer, or exchange may be made without registration under
said Act and under applicable state securities or blue sky laws, (ii) that the
holder or transferee execute and deliver to the Company an investment letter in
form and substance acceptable to the Company and (iii) that the transferee be an
"accredited investor" as defined in Rule 501(a) promulgated under the Securities
Act; provided that no such opinion, letter or status as an "accredited investor"
shall be required in connection with a transfer pursuant to Rule 144 under the
Securities Act. The first holder of this Warrant, by taking and holding the
same, represents to the Company that such holder is acquiring this Warrant for
investment and not with a view to the distribution thereof.

         8.    Registration Rights. Beginning on the day that is ninety (90)
days after the date of this Warrant, the initial holder of this Warrant (and
certain assignees thereof) is entitled to the

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benefit of such registration rights in respect of the Warrant Shares as are set
forth in Section 2 of the Registration Rights Agreement.

         9.    Notices. All notices, requests, and other communications
required or permitted to be given or delivered hereunder to the holder of this
Warrant shall be in writing, and shall be personally delivered, or shall be sent
by certified or registered mail or by recognized overnight mail courier, postage
prepaid and addressed, to such holder at the address shown for such holder on
the books of the Company, or at such other address as shall have been furnished
to the Company by notice from such holder. All notices, requests, and other
communications required or permitted to be given or delivered hereunder to the
Company shall be in writing, and shall be personally delivered, or shall be sent
by certified or registered mail or by recognized overnight mail courier, postage
prepaid and addressed, to the office of the Company at 575 Madison Avenue, NY,
NY 10022, Attention: Chief Executive Officer, or at such other address as shall
have been furnished to the holder of this Warrant by notice from the Company.
Any such notice, request, or other communication may be sent by facsimile, but
shall in such case be subsequently confirmed by a writing personally delivered
or sent by certified or registered mail or by recognized overnight mail courier
as provided above. All notices, requests, and other communications shall be
deemed to have been given either at the time of the receipt thereof by the
person entitled to receive such notice at the address of such person for
purposes of this Paragraph 9, or, if mailed by registered or certified mail or
with a recognized overnight mail courier upon deposit with the United States
Post Office or such overnight mail courier, if postage is prepaid and the
mailing is properly addressed, as the case may be.

         10.   Governing Law. THIS WARRANT SHALL BE ENFORCED, GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD
TO THE PRINCIPLES OF CONFLICT OF LAWS. THE PARTIES HERETO HEREBY SUBMIT TO THE
EXCLUSIVE JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED IN NEW YORK,
NEW YORK WITH RESPECT TO ANY DISPUTE ARISING UNDER THIS WARRANT, THE AGREEMENTS
ENTERED INTO IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY. BOTH PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT FORUM TO
THE MAINTENANCE OF SUCH SUIT OR PROCEEDING. BOTH PARTIES FURTHER AGREE THAT
SERVICE OF PROCESS UPON A PARTY MAILED BY FIRST CLASS MAIL SHALL BE DEEMED IN
EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON THE PARTY IN ANY SUCH SUIT OR
PROCEEDING. NOTHING HEREIN SHALL AFFECT EITHER PARTY'S RIGHT TO SERVE PROCESS IN
ANY OTHER MANNER PERMITTED BY LAW. BOTH PARTIES AGREE THAT A FINAL
NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE AND
MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN ANY OTHER
LAWFUL MANNER. THE PARTY WHICH DOES NOT PREVAIL IN ANY DISPUTE ARISING UNDER
THIS WARRANT SHALL BE RESPONSIBLE FOR ALL FEES AND EXPENSES, INCLUDING
ATTORNEYS' FEES, INCURRED BY THE PREVAILING PARTY IN CONNECTION WITH SUCH
DISPUTE.

         11.   Miscellaneous.

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               (a)  Amendments. This Warrant and any provision hereof may only
be amended by an instrument in writing signed by the Company and the holder
hereof.

               (b)  Descriptive Headings. The descriptive headings of the
several paragraphs of this Warrant are inserted for purposes of reference only,
and shall not affect the meaning or construction of any of the provisions
hereof.

               (c)  Cashless Exercise. Notwithstanding anything to the contrary
contained in this Warrant, if the resale of the Warrant Shares by the holder is
not then registered pursuant to an effective registration statement under the
Securities Act, this Warrant may be exercised by presentation and surrender of
this Warrant to the Company at its principal executive offices with a written
notice of the holder's intention to effect a cashless exercise, including a
calculation of the number of shares of Common Stock to be issued upon such
exercise in accordance with the terms hereof (a "Cashless Exercise"). In the
event of a Cashless Exercise, in lieu of paying the Exercise Price in cash, the
holder shall surrender this Warrant for that number of shares of Common Stock
determined by multiplying the number of Warrant Shares to which it would
otherwise be entitled by a fraction, the numerator of which shall be the
difference between the then current Market Price per share of the Common Stock
and the Exercise Price, and the denominator of which shall be the then current
Market Price per share of Common Stock. For example, if the holder is exercising
100,000 Warrants with a per Warrant exercise price of $0.75 per share through a
cashless exercise when the Common Stock's current Market Price per share is
$2.00 per share, then upon such Cashless Exercise the holder will receive 62,500
shares of Common Stock.

               (d)  Remedies. The Company acknowledges that a breach by it of
its obligations hereunder will cause irreparable harm to the holder, by
vitiating the intent and purpose of the transaction contemplated hereby.
Accordingly, the Company acknowledges that the remedy at law for a breach of its
obligations under this Warrant will be inadequate and agrees, in the event of a
breach or threatened breach by the Company of the provisions of this Warrant,
that the holder shall be entitled, in addition to all other available remedies
at law or in equity, and in addition to the penalties assessable herein, to an
injunction or injunctions restraining, preventing or curing any breach of this
Warrant and to enforce specifically the terms and provisions thereof, without
the necessity of showing economic loss and without any bond or other security
being required.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -10-
<PAGE>

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by
its duly authorized officer.

                                             MSGI SECURITY SOLUTIONS, INC.

                                             By: _______________________________

Dated as of June 30, 2006

<PAGE>

                           FORM OF EXERCISE AGREEMENT

                                                       Dated:  ________ __, 200_

To:      ______________________

         The undersigned, pursuant to the provisions set forth in the within
Warrant, hereby agrees to purchase ________ shares of Common Stock covered by
such Warrant, and makes payment herewith in full therefor at the price per share
provided by such Warrant in cash or by certified or official bank check in the
amount of, or, if the resale of such Common Stock by the undersigned is not
currently registered pursuant to an effective registration statement under the
Securities Act of 1933, as amended, by surrender of securities issued by the
Company (including a portion of the Warrant) having a market value (in the case
of a portion of this Warrant, determined in accordance with Section 11(c) of the
Warrant) equal to $_________. Please issue a certificate or certificates for
such shares of Common Stock in the name of and pay any cash for any fractional
share to:

                                         Name:    ______________________________

                                         Signature:
                                         Address:  _____________________________
                                                   _____________________________

                                         Note:     The above signature should
                                                   correspond exactly with the
                                                   nameon the face of the within
                                                   Warrant, if applicable.

and, if said number of shares of Common Stock shall not be all the shares
purchasable under the within Warrant, a new Warrant is to be issued in the name
of said undersigned covering the balance of the shares purchasable thereunder
less any fraction of a share paid in cash.

<PAGE>

                               FORM OF ASSIGNMENT

         FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and
transfers all the rights of the undersigned under the within Warrant, with
respect to the number of shares of Common Stock covered thereby set forth
hereinbelow, to:

Name of Assignee                    Address                         No of Shares
----------------                    -------                         ------------

, and hereby irrevocably constitutes and appoints____________________________ as
agent and attorney-in-fact to transfer said Warrant on the books of the
within-named corporation, with full power of substitution in the premises.

Dated:   ________ __, 200_

In the presence of:                   ______________________________

                                 Name:______________________________

                                 Signature:_________________________
                                 Title of Signing Officer or Agent (if any):

                                          ___________________________
                                 Address: ___________________________
                                          ___________________________

                                 Note:    The above signature should
                                          correspond exactly with the
                                          name on the face of the
                                          within Warrant, if
                                          applicable.sec document

FIRST NATIONAL BANK
OF AMERICA

                       SECOND AMENDMENT TO LOAN AGREEMENT

         THIS Amendment to Loan  Agreement made this 30th day of June,  2006, by
and between M-TRON  INDUSTRIES,  INC., a Delaware  corporation  ("M-TRON"),  and
PIEZO TECHNOLOGY,  INC., a Florida corporation (collectively,  the "Borrowers"),
and FIRST NATIONAL BANK OF OMAHA (the "Bank"),  a national  banking  association
established at Omaha, Nebraska.

         WHEREAS, M-TRON has existing term loans with the Bank evidenced by term
note number  2000001751-6  with a due date of April 30,  2007,  term note number
2000001751-8  with a due  date of  October  14,  2007  pursuant  to an  existing
additional  loan  agreement  with the Bank,  which shall remain in full force in
accordance with its terms; and

         WHEREAS,  M-TRON has an existing revolving line of credit with the Bank
evidenced by revolving note number 2000001751-10 with a due date of May 31, 2007
pursuant to an existing  additional loan agreement with the Bank, which shall be
paid in full from the proceeds of the Revolving Note; and

         WHEREAS,  the Bank is willing to provide such credit  facilities to the
Borrowers upon the terms and conditions herein set forth.

         WHEREAS, the parties hereto desire to amend the AGREEMENT.

         Now,  therefore,  in consideration  of the AGREEMENT,  and their mutual
promises made herein, BANK and BORROWERS agree as follows:

         1.       Terms which are typed herein as all capitalized  words and are
         not defined  herein shall have the same  meanings as when  described in
         the AGREEMENT.

         2.       Article  I  Section  1.01  Defined  Terms   "Borrowing   Base"
         subsection  (b) of the AGREEMENT is hereby  amended to read,  effective
         immediately:

                  The aggregate of (i) 80% of the  Borrowers'  current  ELIGIBLE
                  ACCOUNTS (as such term is defined below) on the date reported,
                  plus  (ii)  60% of  ELIGIBLE  FOREIGN  ACCOUNTS  with a cap of
                  $750,000,  plus (iii) 50% of the Borrowers' ELIGIBLE INVENTORY
                  (as defined below) valued at the lower of cost or market.  The
                  term "ELIGIBLE ACCOUNTS means an account owing to the Borrower
                  and arising in the ordinary course of the Borrowers'  business
                  which meets all of the following specifications at the time it
                  came into existence and continues to meet the same until it is
                  collected in full:

                           (a) The  account is due and  payable  and has been so
                  not more than ninety  (90) days after the invoice  date stated
                  in the  applicable  invoice or other writing  evidencing  such
                  account;

                           (b) The account is not owing by an account debtor who
                  has failed to pay ten (10%) or more of the aggregate amount of
                  its  accounts  owing to the Borrower  within  ninety (90) days
                  after the  invoice  date stated in the  applicable  invoice or
                  other writing evidencing such account;

                           (c) The  account is due and  payable  from an account
                  debtor located in the continental United States which is not a
                  subsidiary  or  affiliate  (under  common  ownership  and  /or
                  control) of Borrower;

                           (d)  The  account  is  not an  account  due  from  an
                  affiliate  of the  Borrowers'  and  is  not  an  inter-company
                  account;

                           (e) The  account is not a credit  that is past due 90
                  days or more;

                           (f) The account arose from a bona fide, outright sale
                  of goods by  Borrower or from the  performance  of services by
                  Borrower and Borrower  has  possession  of and will deliver to
                  Lender,   if   requested,   shipping  and  delivery   receipts
                  evidencing   shipment  of  the  goods  or  inventory  and,  if
                  representing  services,  receipts and/or  invoices  evidencing
                  that the services have been fully performed for the respective
                  account debtor;

                           (g) The  account is not  subject  to any  assignment,
                  claim,  lien or security  interest of any character created by
                  Borrower,  or claimed  under or through  Borrower,  except the
                  security  interest of Lender,  and Borrower  will not make any
                  other  assignment  thereof  or  create  any  further  security
                  interest  therein nor permit its rights  therein to be reached
                  by attachment, levy, garnishment or other judicial process;

                           (h) The account is the valid and legally  enforceable
                  obligation of the account debtor thereunder and is not subject
                  to any claim for credit,  set-off,  allowance or adjustment by
                  the account debtor or any counterclaim, and the account debtor
                  has not  returned  any of the goods from the sale of which the
                  account arose, nor has any partial payment been made thereon;

                           (i) The  account  arose  in the  ordinary  course  of
                  Borrower's  business,   and  not  notice  of  the  bankruptcy,
                  insolvency or adverse change in the financial condition of the
                  account debtor has been received;

                           (j) The account is not owing by an account debtor for
                  which  Borrower has received or has  knowledge of the death or
                  dissolution of the account debtor, the insolvency, termination
                  of existence, business failure or disappearance of the account
                  debtor,  the  appointment  of a  receiver  for any part of the
                  property  of the  account  debtor  or an  assignment  for  the
                  benefit of  creditors  or the filing by or against the account
                  debtor of a petition under the  commencement of any proceeding
                  under any bankruptcy code or process;

                           (k) The account is not  evidenced  by a judgment,  an
                  instrument or chattel paper; and

                           (l) The  account  debtor  is not an  employee  of the
                  Borrower

                  An account which is at any time an Eligible  Account but which
                  subsequently  fails to meet any of the foregoing  requirements
                  shall  forthwith  cease to be an  Eligible  Account.  The term
                  ELIGIBLE FOREIGN ACCOUNTS means the account is due and payable
                  from an account  debtor  located  outside  of the  continental
                  United  States which is not a subsidiary  or affiliate  (under
                  common  ownership  and /or  control) of Borrower and meets the
                  criteria as stated under ELIGIBLE ACCOUNTS (except section c).

                  The term ELIGIBLE  INVENTORY shall mean  Borrower's  inventory
                  which is in good and  merchantable  condition,  is new and not
                  used,  is not  obsolete,  discontinued  or, in the  opinion of
                  Lender, is not otherwise merchantable,  and is not slow moving
                  inventory  (slow moving  inventory,  as defined by the company
                  would  be  inventory  which  has not  sold in 360  days  after
                  acquisition  and is reserved  50% plus that which has not sold
                  for 720 days and is  reserved  100%),  in  transit  inventory,
                  consigned  goods,  inventory  located  outside  of the  United
                  States  and  inventory  covered  by and  subject to a seller's
                  right to repurchase or any consensual or nonconsensual lien or
                  security interest  (including,  without  limitation,  purchase
                  money  security  interests)  in favor of any party  other than
                  Lender.  Eligible  Inventory  shall be valued at the lesser of
                  cost or present value, determined in accordance with generally
                  accepted  accounting  principles  in  effect  at the  time  of
                  determination.  Any  inventory  which is at any time  Eligible
                  Inventory  but  which  subsequently  fails  to meet any of the
                  foregoing  requirements  shall  forthwith cease to be Eligible
                  Inventory.

                  The term  "Tangible  Net  Worth"  of the  AGREEMENT  is hereby
amended to read, effective immediately:

                  "Tangible Net Worth" means total assets less total liabilities
                  (but excluding Subordinated Debt existing on the Closing Date,
                  in an amount of not less than $2,500,000) ...

                  The term "Working  Capital" of the AGREEMENT is hereby amended
to read, effective immediately:

                  ...  exercise of its reasonable  discretion.)  For calculation
purposes  for  Working  Capital and the Current  Ratio the  BORROWER  may reduce
current  liabilities  by the  amount of  $1,175,000  which is listed as  Federal
Income Taxes Payable on the Balance Sheet.

         3.       ARTICLE VIII,  Section 8.01 Minimum  Working Capital is hereby
         amended to read effective immediately:

                  The Borrower  M-Tron/PTI will maintain at all times after June
                  30, 2006, an excess of current assets over current liabilities
                  of not less than $2,000,000.

         4.       ARTICLE VIII,  Section 8.04 Current Ratio is hereby amended to
         read effective immediately:

                  ...  At all times  after  June 30,  2006,  the  Borrower  will
                  maintain a ratio of current  assets to current  liabilities of
                  not less than 1.2 to 1.0.

         5.       Article  I.  Section  1.01.   Defined  Terms  "Revolving  Loan
         Termination  Date"  (a) of the  AGREEMENT  is hereby  amended  to read,
         effective immediately:

                           (a) May 31, 2007,

         6.       Article II Section 2.12, Repayment of Revolving Note is hereby
         amended to read, effective immediately:

                  2.12 The  Revolving  Note shall be due and  payable on May 31,
                  2007.  Interest only shall be payable monthly on the Revolving
                  Note. All outstanding  principal and interest shall be due and
                  payable on May 31, 2007.

         7.       BORROWER  certifies  by its  execution  hereof that all of the
         representations  and  warranties set forth in the AGREEMENT are true as
         of this date, and that no EVENT OF DEFAULT under the AGREEMENT,  and no
         event  which,  with the  giving of notice or  passage  of time or both,
         would  become such an EVENT OF DEFAULT,  has  occurred as of  execution
         hereof,  except as disclosed to BANK. All other terms and conditions of
         the  AGREEMENT  not affected or amended by this  AGREEMENT,  are hereby
         ratified and confirmed.

         8.       GUARANTOR   acknowledges   and   consents  to  the   foregoing
         amendment,  and agrees and  confirms  that his  separate  guarantee  of
         BORROWER's  obligations  to BANK are,  and  continue  to be,  valid and
         binding obligations of GUARANTOR.

         9.       Except as herein  amended,  the AGREEMENT  continues to be the
         valid, binding obligation of BORROWER.

         IN WITNESS  WHEREOF,  the  parties  have caused  this  Agreement  to be
executed by their respective officers thereunto duly authorized,  as of the date
first above written.

M-TRON INDUSTRIES, INC.                          FIRST NATIONAL BANK OF OMAHA

By: /s/ David Rein                               By: /s/ Mark McMillian
    ------------------------                         ---------------------------
Its: Vice President                                  Its: Vice President

PIEZO TECHNOLOGY, INC.

By: /s/ David Rein
    ------------------------
Its: Vice President

ACKNOWLEDGED BY GUARANTOR:

LYNCH CORPORATION

By: /s/ Eugene Hynes
    ------------------------
Its: Vice President

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