**Exhibit10.11**

 

GUARANTY OF LEASE

 

FOR VALUE RECEIVED, andin consideration for, and as an inducement to Investment Properties, Ltd., aTexas limited partnership, to enter into a lease (the “Lease”), as “Landlord”, withISI Detention Contracting Group, Inc., a Delaware corporation, as “Tenant”,the undersigned unconditionally guarantees to Landlord the full and timelypayment and performance of all of Tenant’s covenants, conditions, andagreements in the Lease. In addition, the undersigned expressly agrees that thevalidity of this Guaranty of Lease and the obligations of the undersigned shallnot be terminated, affected, or impaired by reason of (i) any forbearance,settlement or compromise between Landlord and Tenant, (ii) the invalidityof the Lease for any reason whatsoever, or (iii) the release of Tenantfrom any of Tenant’s obligations under the Lease by operation of law orotherwise, including, without limitation, the rejection or assignment of the Leasein connection with any bankruptcy proceeding.

 

The undersigned furthercovenants and agrees as follows: This Guaranty of Lease shall remain in fullforce and effect as to any renewal, modification or extension of the Lease,whether or not known to, or approved by, the undersigned. No subletting of theDemised Premises or assignment or other transfer of the Lease (or any interesttherein) shall operate to extinguish or reduce the liability of theundersigned. In the event of any termination of the Lease by Landlord, theundersigned’s liability shall not be terminated, but the undersigned shall beand remain liable for all damages, costs, expenses and other claims which mayarise under the Lease. If the undersigned shall, directly or indirectly, loanmoney to the Tenant, the repayment of such money shall be subordinate in allrespects to Tenant’s payment of the amounts then and thereafter due under theLease.

 

Wherever reference ismade to the liability of Tenant in the Lease, such reference shall he deemed toinclude the liability of the undersigned, jointly and severally, with Tenant.The liability of the undersigned for the obligations of the Lease shall beprimary. In any cause of action that accrues to Landlord under the Lease,Landlord may, at Landlord’s option, proceed against the undersigned and/or Tenant,jointly and severally, or proceed against the undersigned without havingdemanded performance of, commenced any action against, or obtained any judgmentagainst Tenant. The undersigned hereby waives any obligation on the part ofLandlord to enforce the terms of the Lease against Tenant as a condition toLandlord’s right to proceed against the undersigned. The undersigned herebyexpressly waives: (i) notice of acceptance of this Guaranty of Lease, andof presentment, demand and protest; (ii) notice of any default hereunderor under the Lease, and notice of any indulgence afforded Tenant; (iii) demandfor observance or performance of, or enforcement of, any terms or provisions ofthis Guaranty of Lease or the Lease; and (iv) all other notices anddemands otherwise required by law which the undersigned may lawfully waive. Theundersigned agrees that in the event this Guaranty of Lease is enforced by suitor otherwise, the undersigned will reimburse the Landlord, upon demand, for allexpenses incurred in connection therewith, including, without limitation, reasonableattorney’s fees.

 

The undersigned herebywaives, to the maximum extent permitted by law, all defenses available to asurety, whether the waiver is specified herein or not.

 

It is further agreed thatall of the terms and provisions hereof shall inure to the benefit of thesuccessors, personal representatives and assigns of the Landlord, and shall bebinding upon the heirs, executors, personal representatives, successors andassigns of the undersigned.

 

In the event that morethan one person or entity executes this Guaranty of Lease, the liability ofsuch signatories shall be joint and several.

 

This Guaranty of Leaseshall be governed by the laws of the State of Texas, and shall be performed inall respects in Bexar County, Texas.

 

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EXECUTED as of the 6th day of February, 2008.

 
|   | Argyle Security Inc. |            |
|--------|----------------------|-----------------|
|   |                 |            |
|   |                 |            |
|   | By:                  | /s/ Don Neville |   |
|        |                      |                 |  |

 

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