Nov 14 (Reuters) - AlarmForce Industries Inc AF.TO
* AlarmForce and BCE update terms of arrangement to facilitate transfer of shares through a Holdco alternative
* AlarmForce Industries- under terms of amended agreement, BCE to allow each alarmforce shareholder to elect to form a new wholly-owned unit
* AlarmForce Industries- under Holdco alternative, Holdco shares to be sold for same consideration as would be received on direct sale of co's shares