Guaranty Agreement between iASPEC Shareholders and Public Security Technology (PRC) Co., Ltd.
This agreement is a guaranty by the shareholders of Shenzhen iASPEC Software Engineering Company Limited (iASPEC) to ensure that two senior managers designated by Public Security Technology (PRC) Co., Ltd. will be elected to iASPEC's Board of Directors. The guaranty is made in accordance with the terms of a related Management Services Agreement. The shareholders, Jiang Huai Lin and Jin Zhu Cai, have signed the agreement, which is dated August 1, 2007.
Guaranty
The undersigned hereby guarantee that the Shareholders of SHENZHEN IASPEC SOFTWARE ENGINEERING COMPANY LIMITED (iASPEC) will elect 2 (two) senior managers, who are designated by PUBLIC SECURITY TECHNOLOGY (PRC) CO., LTD. to iASPEC, to enter the Board of Directors of iASPEC, in accordance with the provisions of the MANAGEMENT SERVICES AGREEMENT, dated as of the date hereof.
iASPEC SHAREHOLDERS:
/s/ Jiang Huai Lin
Jiang Huai Lin (林江怀)
Date: August 1, 2007
/s/ Jin Zhu Cai
Jin Zhu Cai (蔡金铸)
Date: August 1, 2007
Address:
c/o Shenzen iASPEC Software Engineering Company Limited
Unit D, Block 2, Tian An Cyber Park, Chengongmiao, Futian District Shenzhen, Guangdong, 518040 People's Republic of China
