Voting Agreement between Argyle Security Acquisition Corporation and Certain Stockholders

 

 

Argyle Security Acquisition Corporation
200 Concord Plaza, Suite 700
San Antonio, Texas 78216

 

Gentlemen:

 

The undersigned stockholder of Argyle Security Acquisition Corporation (“Company”), in order to facilitate an initial public offering of the securities of the Company (“IPO”), hereby agrees that if the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all of the shares of the Company’s common stock acquired by the undersigned (i) in the IPO, (ii) upon the exercise of options currently held by the undersigned and (iii) in the aftermarket in accordance with the majority of the votes cast by the holders of the IPO Shares. As used herein, a “Business Combination” shall mean an acquisition by merger, capital stock exchange, asset or stock acquisition, reorganization or otherwise, of one or more operating businesses in the security industry selected by the Company, and “IPO Shares” shall mean the shares of the Company’s common stock issued in the IPO.

 

ARGYLE NEW VENTURES L.P.

 

By: Argyle Communications Inc., its general partner

 

By: /s/ Bob Marbut                           

Name: Bob Marbut

Title:

 

ARGYLE JOINT VENTURES

 

By: /s/ Bob Marbut                             

Name: Bob Marbut

Title:

 

 

John J. Smith

 

Wesley Clark