AMENDED AND RESTATED EMPLOYMENT AGREEMENT
AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the "Agreement"), dated as of June 26,
2003, between Napco Security Systems, Inc., a Delaware corporation (the "Company"), and Richard Soloway
WHEREAS, Employee has been serving as Chairman of the Board, President and Chief Executive Officer of the
Company and the parties wish to provide for the continuation of such services.
NOW, THEREFORE, in consideration of the covenants and agreements contained herein, the Employment
Agreement is hereby amended and restated to read as follows:
1. Employment, Duties and Acceptance.
1.1. The Company hereby employs the Employee for the Term (as hereinafter defined) to render services to the
Company as its chairman of the board, president and chief executive officer, subject to the direction of the Board
of Directors, and, in connection therewith, to perform such executive and managerial duties as he shall be
directed by the Board of Directors consistent with Employee's position as chairman of the board, president and
chief executive officer and consistent with the duties performed by the Employee immediately prior to the date of
1.2 Acceptance of Employment by the Employee. The Employee hereby accepts such employment and agrees to
render the executive and managerial services described above on the terms and conditions set forth.
2. Term of Employment. The term of the Employee's employment under this Agreement shall commence on the
date hereof and shall end five (5) years from the date hereof, unless sooner terminated pursuant to Article 5 of
this Agreement and shall renew for additional one year intervals thereafter unless (i) sooner terminated pursuant to
Article 5 hereof or (ii) either party gives notices of non-renewal at least six months before the end of the then
applicable term of employment (the "Term").
3.1. Salary. For services to be rendered pursuant to this Agreement, the Company agrees