Exhibit 10.2

TecSec Incorporated
1953 Gallows Road
Vienna, Virginia, 22182

October 13, 2006

PubliCARD Inc.
New York, New York

Attention:
Mr. Joe Sarachek

Dear Sir:

This letter confirms my communication with Mr. Joe Sarachek of Friday afternoon,
October 13, 2006.

In conjunction with the conveyance of TecSec’s Series A Convertible Preferred
heretofore held by PubliCARD Inc to Sally Port Global Corporation, TecSec
confirms by this communication, its agreement to issue two and one-half percent
(2 1/2 %) of common stock (fully diluted) to PubliCARD Inc. for no additional
consideration. 
 
This calculation of 2 1/2 % is to be computed as a percentage of TecSec’s
existing common stock (fully diluted) plus common stock that may be issued as a
result of Sally Port Global’s financing of TecSec this year.

Very truly yours,

/s/John R. Petty
John R. Petty

 
 

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