UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~March~~June 128, 2013

Date of Report (Date of earliest event reported)

ELECTRONIC CONTROL SECURITY INC.

(Exact name of registrant as specified in its charter)

New Jersey

0-30810

22-2138196

(State or other jurisdiction

of incorporation)

(Commission File No.)

(IRS Employer

Identification No.)

790 Bloomfield Avenue, Building C, Suite 1

Clifton, New Jersey 07012

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: (973) 574-8555

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

o¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 31.~~02 UNREGISTERED~~01 ~~SALES~~Entry OFinto ~~EQUITY~~a ~~SECURITIES~~Material Definitive Agreement.

On ~~March~~June 128, 2013, ECSI International Inc. (“the ~~Company~~“Subsidiary”), ~~issued~~one 2of the wholly owned subsidiaries of Electronic Control Security Inc. (the “Company”),~~000,000~~ and Atlantic Stewardship Bank (the “Bank”) amended ~~shares~~the terms of ~~common~~the ~~stock~~credit toline ~~officers~~established in ~~consideration~~March of2011 (the ~~conversion~~“Amendment”). Under the terms of ~~certain~~the ~~amounts~~Amendment, ~~due~~the toprincipal amount ~~them~~outstanding inof $472,975 under the ~~aggregate~~credit ~~amount~~line will be paid in monthly installments of $~~100~~5,000, beginning July 15, 2013 and continuing through May 15, 2015, including interest. The balance of the loan will be due on June 15, 2015. The variable interest rate has been increased to the prime rate plus 1%, with a minimum interest rate of 5.875%. The previously included Minimum Debt Service covenant has been eliminated.

~~The~~Additionally, ~~shares~~under ~~were~~the ~~issued~~Amendment, in the ~~transactions~~ ~~described~~collateral ~~above~~securing ~~without~~the ~~registration~~repayment ~~under~~of the ~~Securities~~amount ~~Act~~outstanding inwill ~~reliance~~also ~~upon~~include the ~~exemptions~~Subsidiary’s ~~provided~~equipment. inAs ~~Section~~part ~~4(2)~~ of the ~~Securities~~ ~~Act.~~agreements ~~The~~with ~~recipient of~~ the ~~shares~~Bank, ~~acquired~~ the ~~securities~~Company’s ~~for~~President ~~investment~~and ~~only~~Chief ~~and~~Executive ~~not~~Officer ~~with~~provided a ~~view~~personal toguaranty orof ~~for sale in connection with~~the ~~any~~amounts ~~distribution~~due ~~thereof. Appropriate legends were affixed~~ to the ~~share~~Bank, ~~certificates~~up ~~issued~~to ina ~~all~~maximum of ~~the above transactions~~$250,000. ~~The recipients~~Three ~~represented~~of ~~that it was an “accredited investor” within~~ the ~~meaning~~Company’s ofofficers ~~Rule~~executed ~~501(a)~~subordination ~~of Regulation D under~~agreements ~~the~~which ~~Securities~~subordinated ~~Act,~~a orcombined ~~had~~total ~~such knowledge and experience in financial and business matters as to be able to evaluate the merits and risks~~ of ~~an investment in its common stock. The recipient had adequate access~~$848,040 ~~through~~of ~~its~~amounts ~~relationships~~due ~~with~~to ~~the~~those ~~Company and its~~ officers ~~and directors,~~ to ~~information~~amounts ~~about~~due ~~the~~by ~~Company. None of~~ the ~~transactions~~Subsidiary ~~described~~to ~~above involved general solicitation~~the ~~or advertising~~Bank. ~~No underwriters were utilized and no related fees or expenses were incurred.~~

The foregoing is a summary of certain material provisions of the Amendment and is qualified in its entirety by reference to the full text of the Amendment documents, attached hereto as exhibits 10.1 and 10.2.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information provided under Item 1.01 is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description None

Exhibit Number

Description

10.1

Change in Terms Agreement executed on June 28, 2013 and dated as of May 15, 2013 between ECSI International, Inc. and Atlantic Stewardship Bank

10.2

Commercial Security Agreement executed on June 28, 2013 and dated as of May 15, 2013 between ECSI International, Inc. and Atlantic Stewardship Bank

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this ~~Current~~report ~~Report on Form 8-K~~ to be signed on its behalf by the undersigned thereunto duly authorized.

	ELECTRONIC CONTROL SECURITY INC.
Date: March 8, 2013	By:	/s/ Daryl Holcomb
Date: July 8, 2013	By:	/s/ Daryl Holcomb
		Daryl Holcomb, Chief Financial Officer

Filing Compare · ELECTRONIC CONTROL SECURITY INC