Security Services Agreement Summary

This is a Security Services Agreement between KADIMA Security Services, Inc. (KSS), a California corporation, and LAZ Parking California, LLC, a Limited Liability Company client. The agreement provides for uniformed security guard services at the client's premises located at EXHIBIT B (the Property), with specific duties including officers, service hours, posts, and specific duties subject to change upon written notice and agreement of the parties. The agreement commences March 1, 2024, and continues for a term of thirty-six (36) months, terminating on April 30, 2027. The parties agree the term shall not commence if the agreement has not been mutually executed by the parties prior to the Commencement Date. Changes to services shall take effect thirty (30) days after advance written notice. The Property encompasses multiple parking facilities throughout Long Beach, California, including 25 parking structures and lots with a combined total of approximately 11,000 parking spaces across facilities such as the Aquarium, City Place locations, Civic Center, Lincoln Garage, Arden Garage, and various beach lots.

Pricing is structured on hourly billing rates established in Exhibit A, with rates varying by guard type and contract year. Year 1 rates include Director of Security at $44.50 per hour, Vehicle Patrol Officer at $36.41 per hour, Lead Officer at $31.77 per hour, and Standard Officer at $27.46 per hour, with increases to $47.17, $38.60, $33.68, and $29.11 respectively in Year 2, and further increases in Year 3. Special Event Officers are billed at $35.00 per hour (minimum five hours per shift) in Year 1, increasing to $37.10 and $39.33 in subsequent years. Golf cart services are billed as invoiced. All blended rates include Smart Mobile Device and Light House Guard Tour Software. Invoices are submitted weekly and payment is due within thirty (30) days. A late fee of ten percent (10%) of outstanding amounts applies to delinquent payments. KSS provides uniforms, badges, and necessary accessories for all guards, who are employees of KSS. Client is responsible for providing post orders and may request staff removal for non-discriminatory, proper cause reasons. The agreement includes a non-competition clause requiring a six-month non-hire period following employment termination and establishes liability limitations with a maximum claim value of One Million Dollars ($1,000,000), with notice requirements within sixty (60) days of claim.