Document:

EXHIBIT 10.1

                              CONSULTING AGREEMENT

                  This Agreement is made this 17th day of June, 2005, by and
among Zhao Wei (the "Consultant"), an individual with a business address at
Trustnet (Samoa) Limited, TrustNet Chambers, Lotemau Centre, P.O. Box 1225,
Apia, SAMOA; Expert Network (Shenzhen) Company Limited (the "Company"), with
offices at 31/F Development Centre, 2010 Renminnan Road, Shenzhen, China and its
parent company, China Expert Technology, Inc., a Nevada corporation, with
offices at Rm. 2703-4, Great Eagle Centre, 23 Harbor Road, Wanchai, Hong Kong
(the "Parent").

                               W I T N E S S E T H

                  WHEREAS, the Company provides large-scale IT network
infrastructure construction services, consisting of both "software" (applied
software and structure) and "hardware" (network and equipment) in the People's
Republic of China (the "Territory") targeted primarily at "e-Government"
solutions. "e-Government" is the integration of modern information and
communication technologies to create an IT network platform to optimize and
manage governmental administrative functions; and

                  WHEREAS, the Consultant, provides personally and with aid and
assistance of China e-Internet Technologies Limited, independent consultancy
services throughout the Territory relating to e-Government implementation
services and the sourcing of e-Government contracts with governmental entities;
and

                  WHEREAS, the Company wishes to engage the Consultant to
provide consulting services to the Company within the Territory, all pursuant to
the terms and conditions hereinafter set forth.

                  NOW THEREFORE, in consideration of the foregoing, and the
mutual covenants and agreements set forth herein, the parties hereto agree,
intending to be legally bound, as follows:

                  1. Engagement of Consultant. Subject to the terms of this
Agreement, the Company hereby engages the Consultant to provide, and the
Consultant agrees to provide, consulting services (the "Consulting Services") to
the Company within the Territory, including, without limitation, the following:
(a) sourcing of e-Government contracts (each, an "e-Government Contract") for
the Company with governmental entities (the "Clients"); (b) preparing
feasibility studies related thereto; (c) evaluating, negotiating, planning,
developing and assessing the e-Government network infrastructure implementation
plan relating to each e-Government Contract and (d) providing on-going technical
support and ancillary services for each e-Government Contract.

                  2. e-Government Contracts. Attached hereto as Exhibit A, is a
summary of the financial terms of each e-Government Contract that has or will be
sourced to the Company by the Consultant during the term of this Agreement.
Exhibit A may be amended from time to time with on the mutual agreement of the
parties.
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                  3. Commissions.

                  (a) Amount. Upon the execution of an e-Government Contract, as
consideration for the Consulting Services, the Consultant will be entitled to a
commission equal to ten percent (10%) of the Gross Profit (as hereinafter
defined) of such e-Government Contract (the "Commission") payable to the
Consultant by the Company within thirty (30) days after the execution date of
such e-Government Contract. The Commission shall be payable, at sole discretion
of the Company, by delivery of, either: (a) cash or (b) a number of shares of
common stock of the Parent having an agreed upon aggregate value equal to the
Commission (the "S-8 Shares"), that have been registered for resale by the
Parent by the filing of a Form S-8 pursuant to the Securities Act of 1933, as
amended (the "Act").

                  (b) Definitions.

                           (i) "Gross Profit" is hereby defined as the EBITDAA
for the e-Government Contract as
determined by the Company in accordance with United States generally accepted
accounting principles consistently applied and agreed to by the Consultant by
signing where indicated on Exhibit A, as amended.

                           (ii) "EBITDAA" means earnings from the e-Government
Contract less direct expenses for
products and services (excluding the Commission) incurred in the ordinary course
to effect the execution of the e-Government Contract, before taking account any
allocable amounts of: (A) interest, taxes, depreciation and amortization
expenses; and (B) general advertising, public relations and promotional expenses
and general and administrative expenses relating thereto.

                  (c) Effect of Client Withdrawal. In the event that a Client
withdraws its business from the Company or terminates its e-Government Contract
with the Company, no refund of any part of the Commission paid to the Consultant
is required in any event.

                  4. Term. The term of this Agreement (the "Term") shall
commence on the date hereof and shall continue indefinitely, unless and until
terminated on thirty (30) days prior written notice given by a party to the
other party. Upon termination of this Agreement, save for breach or rights
accrued prior to termination, neither party shall have any rights or obligations
with respect to the other, except with regard to the requirements imposed in
Sections 3, 5, 6, 7, 8, 12, 13 and 16 herein which survive termination of this
Agreement.

                  5. Non-Competition.

                  (a) The Consultant acknowledges that the Consulting Services
are special, unique and extraordinary to the Company's business, and that he may
during the Term hereof obtain confidential information of the Company's trade
secrets, devices, software, production materials, algorithms, designs,
technology, ideas, know-how, compositions, data, techniques, improvements,
inventions (whether patentable or not), works of authorship, business and
product development plans, the salaries and terms of compensation of the
Company's employees, other consultants, customers and other information
concerning the Company's actual or anticipated business, research or
development, formulae, processes, codes, machinery and patterns (collectively,
"Confidential Information"), the use or revelation of which by the Consultant
during his consultancy or after the termination of the consultancy hereunder,
might, would or could injure or cause injury to the Company's business.
Accordingly, the Consultant agrees that he will forever keep secret and
inviolate any knowledge or information as to any Confidential Information and
will not utilize the same for his private benefit or directly or indirectly for
the benefit of others and he will never disclose such secret knowledge or
information to anyone else. The foregoing shall not be applicable to any
information which now is or hereafter shall be in the public domain other than
as a result of a disclosure by the Consultant, is in the possession of the
Consultant prior to the date of rendering any services to the Company and was
not received directly or indirectly from the Company, or is independently
developed by the Consultant without the use of information received directly or
indirectly from the Company.

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                  (b) Further, upon the termination of this Agreement, by the
Company pursuant to Sections 8(a), (b) or (c) or upon the Consultant's voluntary
resignation or upon the expiration of the Term hereof, the Consultant will not
engage in any business in competition with the business of the Company within
the Territory, nor directly or indirectly perform services for any person, firm
or corporation engaged in such a competitive business in such territory for a
period of twelve (12) months following such termination of his consultancy.

                  (c) Subsequent to the termination of this Agreement and for
the period set forth in Section 5(b) hereof, the Consultant will not interfere
with or disrupt or attempt to disrupt the Company's business relationship with
any Clients or any of its other customers, vendors or suppliers or solicit any
of the consultants or employees of the Company to leave the employ of the
Company.

                  6. Public Announcements; Non-Disparagement. All press releases
and public announcements relating to this Agreement will be subject to the
Company's prior written approval. Nothing contained herein shall be construed as
permitting either party to use or exploit the intellectual property including,
trademarks tradenames or logos of the other, except with the other party's
written consent. Each party hereto shall refrain from making any negative or
otherwise disparaging written or oral comment about the other to any third
parties.

                  7. Inventions; Company's Rights. Every invention, discovery or
improvement made or conceived by the Consultant during his consultancy to the
Company, whenever or wherever made or conceived, and whether or not during
business hours, of any product, article, appliance, software, tool, device,
formula, process, machinery or pattern which constitutes an improvement, on
those heretofore, now or at any time during his consultancy, utilized by the
Company in connection with its e-Government business heretofore or now or
hereafter provided by the Company, shall be and continue to remain the Company's
exclusive property, without any added compensation, and upon the conception of
any and every such invention, discovery or improvement and without waiting to
perfect or complete it, the Consultant promises and agrees that he will
immediately disclose it to the Company and to no one else and thenceforth will
treat it as the property and secret of the Company. The Consultant will also
execute any instruments requested from time to time by the Company to vest in it
complete title and ownership to such invention, discovery or improvement and
will, at the request of the Company, do such acts and execute such instruments
as letters patent in the United States and other countries, for such invention,
discovery or improvement and for the purpose of vesting title thereto in the
Company, all without any reimbursement for expenses or otherwise and without any
additional compensation of any kind to the Consultant.

                  8. Injunction.

                  (a) Should the Consultant at any time reveal or threaten to
reveal any such secret knowledge or information, or during any restricted
period, engage or threaten to engage in any business in competition with that of
the Company as prohibited by this Agreement, or perform or threaten to perform
any services for anyone engaged in such competitive business, or in any way
violate or threaten to violate any of the provisions of this Agreement, the
Company shall be entitled to an injunction restraining the Consultant from doing
or continuing to do or performing any such acts, and the Consultant hereby
consents to the issuance of such an injunction.

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<PAGE>

                  (b) In the event that a proceeding is brought in equity to
enforce the provisions of this Section, the Consultant shall not urge as a
defense that there is an adequate remedy at law, nor shall the Company be
prevented from seeking any other remedies which may be available.

                  (c) The existence of any claim or cause of action by the
Company against the Consultant, or by the Consultant against the Company,
whether predicated upon this Agreement or otherwise, shall not constitute a
defense to the enforcement by the Company of the foregoing restrictive covenants
but shall be litigated separately.

                  (d) The provisions of this Section shall survive termination
of this Agreement.

                  9. Prior Agreements/Entire Agreement.

                  (a) The Consultant represents that he is not now under any
written agreement, nor has he previously, at any time, entered into any
agreement with any person, firm or corporation, which would or could in any
manner preclude or prevent him from giving freely and the Company receiving the
exclusive benefit of the Consulting Services. All prior agreements between the
Company and the Consultant, whether written or oral, are hereby terminated and
superseded by this Agreement in all respects and each party hereto releases the
other party from any and all obligations or liabilities arising out of or in
connection with any such agreement. No subsequent action or omission by either
the Company or Consultant shall revive any such prior employment agreement.

                  (b) This Agreement constitutes the entire agreement of the
parties hereto regarding the subject matter hereof and supersedes all prior
agreements and understandings, written or oral, between the parties.

                  (c) In consideration of the covenants contained herein, the
Company, for itself, its successors and assigns, hereby releases and discharges
the Consultant, his heirs, legal representatives and his estate, from any claim,
suit, action, proceeding, obligation or liability heretofore existing or
created, it being understood that such release does not apply to the terms,
conditions and obligations created under and by virtue of this Agreement.

                  (d) In consideration of the covenants contained herein, the
Consultant, for himself, his successors and assigns, hereby releases and
discharges the Company, its successors, assignees, transferees and legal
representatives, from any claim, suit, action, proceeding, obligation or
liability heretofore existing or created, it being understood that such release
does not apply to the terms, conditions and obligations created under and by
virtue of this Agreement and the Exhibits hereto.

                  10. Notices. Any notice required, permitted or desired to be
given hereunder shall be deemed to have been sufficiently given or served for
all purposes if delivered in person or sent by facsimile transmission (with
confirmed copy by first class mail), or sent by registered or certified mail,
return receipt requested, postage and fees prepaid, to the parties at their
addresses first set forth above. Either party hereto may at any time and from
time to time change the address to which notice shall be sent hereunder by
notice to the other party given under this Section. The date of the giving of
any notice sent by mail shall be the date of the posting.

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                  11. Assignment; Binding Effect. This Agreement constitutes a
personal service agreement, and the performance of the Consultant's obligations
hereunder may not be transferred or assigned by the Consultant. The Consultant
specifically acknowledges and agrees that the Company may assign its rights and
its obligations under this Agreement. This Agreement shall be binding upon and
inure to the benefit of the Consultant and the Company, and the Company's legal
representatives, successors and assigns.

                  12. Governing Law. This Agreement shall be governed by the
laws of the State of New York and applicable federal laws of the United States
of America, without regard to any provisions therein relating to choice of law.
Any and all disputes arising from or relating to this Agreement shall be
adjudicated in the federal courts within the State of New York.

                  13. Additional Representations and Warranties. The Consultant
shall, as a condition precedent to delivery of any S-8 Shares issued hereunder,
deliver a certificate to the Company containing representations and warranties
to the Company and the Parent in substantially the form set forth in Exhibit B
hereto.

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<PAGE>

                  14. Securities Act Legend. Notwithstanding the requirements of
Section 3(a), and only in the event the certificates evidencing the S-8 Shares
are issued prior to the effectiveness of the registration of the S-8 Shares,
such certificates will bear the following legend:

         "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
         REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR
         ANY STATE SECURITIES LAWS AND NEITHER SUCH SECURITIES NOR ANY INTEREST
         THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE
         TRANSFERRED EXCEPT (1) IN ACCORDANCE WITH THE PROVISIONS OF REGULATION
         S PROMULGATED UNDER THE SECURITIES ACT, AND BASED ON AN OPINION OF
         COUNSEL, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE
         COMPANY, THAT THE PROVISIONS OF REGULATION S HAVE BEEN SATISFIED, (2)
         PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
         ACT AND APPLICABLE STATE SECURITIES LAWS OR (3) PURSUANT TO AN
         AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
         SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, IN WHICH CASE THE
         HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE COMPANY AN OPINION
         OF COUNSEL, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO
         THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED,
         ASSIGNED OR OTHERWISE TRANSFERRED IN THE MANNER CONTEMPLATED PURSUANT
         TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
         SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. HEDGING
         TRANSACTIONS INVOLVING THE SECURITIES REPRESENTED BY THIS CERTIFICATE
         MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.

                  15. Other Legends. The certificates representing the S-8
Shares, and each certificate issued in transfer thereof, will also bear any
other legend required under any applicable law, including, without limitation,
any United States, state corporate and state securities law, or contract.

                  16. Indemnification. Each party shall indemnify and keep
harmless the other from and against all losses, damages, judgments, awards,
costs, fees and expenses, including reasonable attorneys' fees and expenses,
arising from or in connection with the services performed by the other to the
Client or in connection with the issuance hereunder of any S-8 Shares.

                  17. No Joint Venture; Independent Contractor. Nothing
contained herein shall constitute a joint venture, partnership or franchise
arrangement between the parties. The Consultant shall be considered an
independent contractor, not an employee, of the Company and shall be free to
conduct its business provided that its conduct of business results in no breach
of the terms of this Agreement.

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<PAGE>

                  18. Authority. Each party warrants and represents that it has
the full power and legal authority to enter into this Agreement and that the
performance of this Agreement and proper exercise of the rights granted
hereunder will not infringe on the rights of any third party.

                  19. Counterparts. This Agreement may be executed in several
counterparts, each of which shall be deemed an original and all of which shall
together constitute one and the same instrument.

                  IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement on the day and year first above written.

                        Zhao Wei

                        EXPERT NETWORK (SHENZHEN) COMPANY LIMITED

                        By:  /s/ Kung Szechau
                             ---------------------------------------------------
                        Name:    Kung Szechau
                        Title:   Chief Executive Officer and Director

                        CHINA EXPERT TECHNOLOGY, INC.

                        By:  /s/ Zhu Xiaoxin
                             ---------------------------------------------------
                        Name:    Zhu Xiaoxin
                        Title:   Chief Executive Officer, President and Director

                                       7
<PAGE>

                                    Exhibit A

I.       e-Government contract with Huian County Government, PRC

         The Company and Huian County Government entered into a definitive
agreement on June 17, 2005 with Huian County Government, Fujian Province, China
to provide e-Government consulting services (the "Huian e-Government Contract").
In accordance with Sections 1(a)-(c) of the Agreement, the Consultant sourced
the Huian e-Government Contract, (b) prepared a feasibility study related
thereto and (c) evaluated, negotiated, planned, developed and assessed the
e-Government network infrastructure implementation plan relating to the Huian
e-Government Contract. The Huian e-Government Contract provides for total
consideration of RMB 143,000,000 (US$17,439,024, at an exchange rate of 8.2).
The Gross Profit thereon has been agreed by the Company and the Consultant to be
forty percent (40%) of the total contract consideration due to the Company.

         Calculation of Consultant's Commission under the Huian County
e-government Contract

         Based on a Gross Profit of forty percent (40%) of RMB143,000,000
(US$17,439,024) or RMB 57,200,000 (US$6,975,610), the Commission, calculated at
10% of Gross Profit, equals RMB 5,720,000 (US$697,561). The Company has
exercised its discretion to pay the Commission with One Million Fifty-Six
Thousand Nine Hundred Eleven (1,056,911) S-8 Shares at an agreed upon value of
US$0.66 per share (namely the average closing price for the Parent's stock on
the five (5) business days immediately preceding the Huian e-Government Contract
execution date).

                    ommissions Accepted and Agreed this 17th day of June, 2005.

                    Zhao Wei

                    EXPERT NETWORK (SHENZHEN) COMPANY LIMITED

                    By:  /s/ Kung Szechau
                         -------------------------------------------------------
                    Name:    Kung Szechau
                    Title:   Chief Executive Officer and Director

                    CHINA EXPERT TECHNOLOGY, INC.

                    By:  /s/ Zhu Xiaoxin
                         -------------------------------------------------------
                    Name:    Zhu Xiaoxin
                    Title:   Chief Executive Officer, President and Director

                                       8
<PAGE>

                                    Exhibit B

                            Consultant's Certificate

         I, Zhao Wei (the "Consultant") hereby certify to Expert Network
(Shenzhen) Company Limited (the "Company") and China Expert Technology, Inc., a
Nevada corporation (the "Parent") that in connection with the issuance of S-8
Shares as payment for Consulting Services pursuant to that certain Consulting
Agreement dated as of June 17, 2005 by and among the Consultant, the Company and
the Parent, as follows:
1.       The Consultant is an individual and is not affiliated with the Company
         or the Parent except for the subject matter of the Consulting
         Agreement.
2.       The Consultant acknowledges that as consideration of the receipt of the
         S-8 Shares he has provided "bona fide" services to the Company solely
         in furtherance of the Company's e-Government business in the Territory
         and in no way relating to the promotion or sale of the Parent's
         securities.
3.       The Consultant is not acquiring the S-8 Shares for the account or
         benefit of the Company or the Parent, or with a view towards
         distribution to any person, in violation of the registration
         requirements of the Act.
4.       The Consultant is acquiring the S-8 Shares for his own account, has no
         present plan or intention to sell the S-8 Shares at any predetermined
         time, has made no predetermined arrangements to sell the S-8 Shares and
         is not acting as a distributor or underwriter of such securities.
5.       The Consultant is not acquiring the S-8 Shares in a transaction (or an
         element of a series of transactions) that is part of any plan or scheme
         to evade the registration provisions of the Act.
6.       The Consultant understands the various risks of ownership of the S-8
         Shares and can afford to bear such risks for an indefinite period of
         time, including, without limitation, the risk of losing its entire
         investment in the S-8 Shares.
7.       The Consultant understands and acknowledges that the S-8 Shares have
         not been recommended by any federal or state securities commission or
         regulatory authority, that the foregoing authorities have not confirmed
         the accuracy or determined the adequacy of any information concerning
         the Company that has been supplied to the Consultant and that any
         representation to the contrary is a criminal offense.
8.       The Consultant acknowledges that the representations, warranties and
         agreements made by the Consultant herein shall survive the execution
         and delivery of this Agreement.

Dated: June 17, 2005

                                                      /s/ Zhao Wei
                                                      --------------------------
                                                      Zhao WeiWARRANT AGREEMENT

      This Warrant  Agreement (this  "Agreement") made as of _________ __, 2005,
by and between Argyle Security Acquisition  Corporation,  a Delaware corporation
with  offices  at 200  Concord  Plaza,  Suite  700,  San  Antonio,  Texas  78216
("Company"), and American Stock Transfer & Trust Company, a New York corporation
with offices at 59 Maiden Lane, New York, New York 10038 ("Warrant Agent").

      WHEREAS,  the Company is engaged in a public offering ("Public  Offering")
of Units  ("Units")  and, in connection  therewith,  has determined to issue and
deliver up to 14,375,000  Warrants ("Public  Warrants") to the public investors,
and (ii) 625,000 Warrants to Rodman & Renshaw,  LLC. ("Rodman") or its designees
("Underwriter's   Warrants"  and,   together  with  the  Public  Warrants,   the
"Warrants"),  each of such Public  Warrants  evidencing  the right of the holder
thereof to purchase one share of common  stock,  par value $.0001 per share,  of
the Company's Common Stock ("Common Stock") for $6.00,  subject to adjustment as
described herein; and

      WHEREAS, the Company has filed with the Securities and Exchange Commission
(the  "SEC")  a  Registration   Statement,   No.   333-__________  on  Form  S-1
("Registration  Statement")  for the  registration  under the  Securities Act of
1933, as amended ("Act") of, among other securities, the Warrants and the Common
Stock issuable upon exercise of the Warrants; and

      WHEREAS,  the Company  desires  the Warrant  Agent to act on behalf of the
Company,  and the  Warrant  Agent is willing to so act, in  connection  with the
issuance,  registration,  transfer,  exchange,  redemption  and  exercise of the
Warrants; and

      WHEREAS, the Company desires to provide for the form and provisions of the
Warrants,  the terms upon which  they  shall be issued  and  exercised,  and the
respective  rights,  limitation of rights,  and  immunities of the Company,  the
Warrant Agent, and the holders of the Warrants; and

      WHEREAS,  all acts and  things  have  been  done and  performed  which are
necessary  to make the  Warrants,  when  executed  on behalf of the  Company and
countersigned  by or on behalf of the Warrant  Agent,  as provided  herein,  the
valid,  binding and legal  obligations  of the  Company,  and to  authorize  the
execution and delivery of this Agreement.

      NOW,   THEREFORE,   in  consideration  of  the  mutual  agreements  herein
contained, the parties hereto agree as follows:

1.  Appointment of Warrant Agent.  The Company hereby appoints the Warrant Agent
to act as agent for the Company for the  Warrants,  and the Warrant Agent hereby
accepts such  appointment  and agrees to perform the same in accordance with the
terms and conditions set forth in this Agreement.

2. Warrants.

      2.1 Form of Warrant. Each Warrant shall be issued in registered form only,
shall be in substantially the form of Exhibit A hereto,  the provisions of which
are incorporated herein, and shall be signed by, or bear the facsimile signature

<PAGE>

of, the Chairman of the Board,  Vice Chairman or Co-Chief  Executive Officer and
Treasurer,  Secretary  or  Assistant  Secretary  of the Company and shall bear a
facsimile  of the  Company's  seal.  In the event  the  person  whose  facsimile
signature  has been placed  upon any  Warrant  shall have ceased to serve in the
capacity in which such person signed the Warrant  before such Warrant is issued,
it may be issued  with the same effect as if he or she had not ceased to be such
at the date of issuance.

      2.2  Effect of  Countersignature.  Unless and until  countersigned  by the
Warrant Agent pursuant to this  Agreement,  a Warrant shall be invalid and of no
effect and may not be exercised by the holder thereof.

      2.3 Registration.

            2.3.1  Warrant  Register.  The Warrant  Agent shall  maintain  books
("Warrant   Register")  for  the  registration  of  original  issuance  and  the
registration  of transfer  of the  Warrants.  Upon the  initial  issuance of the
Warrants,  the Warrant  Agent shall issue and register the Warrants in the names
of the  respective  holders  thereof  in such  denominations  and  otherwise  in
accordance with instructions delivered to the Warrant Agent by the Company.

            2.3.2 Registered  Holder.  Prior to due presentment for registration
of transfer of any Warrant, the Company and the Warrant Agent may deem and treat
the person in whose  name such  Warrant  shall be  registered  upon the  Warrant
Register  ("registered  holder"),  as the absolute  owner of such Warrant and of
each Warrant represented thereby  (notwithstanding  any notation of ownership or
other writing on the Warrant  Certificate  made by anyone other than the Company
or the Warrant  Agent),  for the purpose of any  exercise  thereof,  and for all
other purposes,  and neither the Company nor the Warrant Agent shall be affected
by any notice to the contrary.

      2.4  Detachability of Warrants.  The securities  comprising the Units will
not be separately  transferable until 20 trading days after the earlier to occur
of the  expiration  of Rodman's  over-allotment  option or its  exercise in full
unless  Rodman  informs the Company of its  decision to allow  earlier  separate
trading,  but in no event will Rodman allow  separate  trading of the securities
comprising the Units until the Company files a Current Report on Form 8-K, which
includes an audited  balance sheet  reflecting the receipt by the Company of the
gross  proceeds of the Public  Offering  including the proceeds  received by the
Company from the exercise of the  underwriters'  over-allotment  option,  if the
over-allotment option is exercised prior to the filing of the Form 8-K.

      2.5 Public Warrants and Underwriter's Warrants. The Underwriter's Warrants
shall have the same terms and be in the same form as the Public  Warrants except
with respect to the Warrant Price as set forth below in Section 3.1.

3. Terms and Exercise of Warrants.

            3.1 Warrant Price. Each Public Warrant shall, when  countersigned by
the  Warrant  Agent,  entitle  the  registered  holder  thereof,  subject to the
provisions  of such Public  Warrant and of this Warrant  Agreement,  to purchase
from the Company the number of shares of Common  Stock  stated  therein,  at the
price of $6.00 per whole share, subject to the adjustments provided in Section 4

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<PAGE>

hereof and in the last  sentence  of this  Section  3.1.  Each  Underwriter's
Warrant shall, when  countersigned by the Warrant Agent,  entitle the registered
holder thereof,  subject to the provisions of such Underwriter's  Warrant and
of this Warrant Agreement,  to purchase from the Company the number of shares of
Common Stock stated therein,  at the price of $6.00 per whole share,  subject to
the  adjustments  provided in Section 4 hereof and in the last  sentence of this
Section 3.1. The term "Warrant Price" as used in this Warrant  Agreement  refers
to the price  per share at which  Common  Stock may be  purchased  at the time a
Warrant is exercised.  The Company in its sole  discretion may lower the Warrant
Price at any time prior to the Expiration Date.

      3.2  Duration  of  Warrants.  A Warrant may be  exercised  only during the
period  ("Exercise  Period")  commencing on the later of the consummation by the
Company of a merger, capital stock exchange,  asset acquisition or other similar
business  combination  (as described more fully in the  Registration  Statement,
"Business  Combination")  or __________,  2006 and terminating at 5:00 p.m., New
York City time on the earlier to occur of  (i)__________,  2010 or (ii) the date
fixed for  redemption of the Warrants as provided in Section 6 of this Agreement
("Expiration Date").  Except with respect to the right to receive the Redemption
Price (as set forth in Section 6  hereunder),  each Warrant not  exercised on or
before the Expiration Date shall become void, and all rights  thereunder and all
rights in respect  thereof  under  this  Agreement  shall  cease at the close of
business on the Expiration  Date. The Company in its sole  discretion may extend
the duration of the Warrants by delaying the Expiration Date.

      3.3 Exercise of Warrants.

            3.3.1  Payment.  Subject to the  provisions  of the Warrant and this
Warrant  Agreement,  a Warrant,  when countersigned by the Warrant Agent, may be
exercised by the registered  holder thereof by surrendering it, at the office of
the Warrant Agent,  or at the office of its successor as Warrant  Agent,  in the
Borough of Manhattan, City and State of New York, with the subscription form, as
set forth in the Warrant,  duly  executed,  and (i) by paying in full, in lawful
money of the United States,  in cash,  good  certified  check or good bank draft
payable to the order of the  Company,  the Warrant  Price for each full share of
Common  Stock as to which the Warrant is  exercised  and any and all  applicable
taxes due in  connection  with the exercise of the Warrant,  the exchange of the
Warrant for the Common  Stock,  and the  issuance of the Common Stock or (ii) by
surrendering  his or her Warrant for that number of shares of Common Stock equal
to the quotient  obtained by dividing (x) the product of the number of shares of
Common Stock  underlying the Warrant,  multiplied by the difference  between the
Warrant Price and the "Fair Market Value" (defined below) by (y) the Fair Market
Value.  The "Fair Market Value" shall mean the average  reported last sale price
of the Common  Stock for the 10 trading  days ending on the third  business  day
prior to the date on which notice of exercise is given to the Company, or in the
event that the  Company has given a notice of  redemption  to the holder of such
Warrant,  on the third  business  day  prior to the date on which any  notice of
redemption is sent to holders of the Warrant pursuant to Section 6 hereof.

            3.3.2 Issuance of  Certificates.  As soon as  practicable  after the
exercise of any Warrant and the clearance of the funds in payment of the Warrant
Price,  the  Company  shall  issue to the  registered  holder of such  Warrant a
certificate  or  certificates  for the number of full shares of Common  Stock to
which  he,  she or it is  entitled,  registered  in such name or names as may be

                                       3
<PAGE>

directed by him, her or it, and if such Warrant shall not have been exercised in
full,  a new  countersigned  Warrant  for the  number of shares as to which such
Warrant  shall not have  been  exercised.  Notwithstanding  the  foregoing,  the
Company  shall not be  obligated  to  deliver  any  securities  pursuant  to the
exercise of a Warrant  unless (i) a  registration  statement  under the Act with
respect to the Common Stock issuable upon such exercise is effective, or (ii) in
the opinion of counsel to the  Company,  the  exercise of the Warrants is exempt
from the registration  requirements of the Act and such securities are qualified
for sale or exempt from  qualification  under applicable  securities laws of the
states or other  jurisdictions in which the registered holders reside.  Warrants
may not be exercised by, or securities  issued to, any registered  holder in any
state in which such exercise or issuance would be unlawful.

            3.3.3 Valid  Issuance.  All shares of Common  Stock  issued upon the
proper  exercise of a Warrant in conformity with this Agreement shall be validly
issued, fully paid and nonassessable.

            3.3.4  Date  of  Issuance.  Each  person  in  whose  name  any  such
certificate  for  shares of Common  Stock is issued  shall for all  purposes  be
deemed to have  become the holder of record of such  shares on the date on which
the  Warrant  was  surrendered  and  payment  of the  Warrant  Price  was  made,
irrespective  of the date of delivery of such  certificate,  except that, if the
date of such  surrender and payment is a date when the stock  transfer  books of
the Company are closed, such person shall be deemed to have become the holder of
such shares at the close of business  on the next  succeeding  date on which the
stock transfer books are open.

            3.3.5 Warrant Solicitation and Warrant Solicitation Fee.

                  (a) The Company has engaged Rodman, on a non-exclusive  basis,
as its agent for the solicitation of the exercise of the Warrants.  The Company,
at its cost,  will (i)  assist  Rodman  with  respect to such  solicitation,  if
requested by Rodman,  and (ii) provide Rodman, and direct the Company's transfer
agent and the  Warrant  Agent to deliver to Rodman,  lists of the record and, to
the extent  known,  beneficial  owners of the  Company's  Warrants.  The Company
hereby  instructs the Warrant Agent to cooperate with Rodman in every respect in
connection with Rodman's solicitation activities, including, but not limited to,
providing to Rodman,  at the  Company's  cost,  a list of record and  beneficial
holders of the  Warrants  and  circulating  a  prospectus  or offering  circular
disclosing the compensation arrangements referenced in Section 3.3.5(b) below to
holders of the Warrants at the time of exercise of the Warrants.  In addition to
the conditions set forth in Section 3.3.5(b), Rodman shall accept payment of the
warrant  solicitation  fee provided in Section  3.3.5(b) only if it has provided
bona fide  services  to the  Company  in  connection  with the  exercise  of the
Warrants  and only to the extent that an investor  who  exercises  his  Warrants
specifically  designates,  in writing,  that Rodman  solicited  his,  her or its
exercise.  In addition to soliciting,  either orally or in writing, the exercise
of Warrants by a Warrant  holder,  such services may also include  disseminating
information,  either orally or in writing,  to Warrant holders about the Company
or the market for the Company's  securities,  or assisting in the  processing of
the exercise of Warrants.

                  (b) In each  instance  in which a Warrant  is  exercised,  the
Warrant Agent shall promptly give written notice of such exercise to the Company
and Rodman  ("Warrant  Agent's Exercise  Notice").  If, upon the exercise of any
Warrant  more  than  one  year  from  the  effective  date  of the  Registration

                                       4
<PAGE>

Statement,  (i) the market price of the  Company's  Common Stock is greater than
the Warrant Price,  (ii)  disclosure of  compensation  arrangements  between the
Company  and Rodman  with  respect to the  solicitation  of the  exercise of the
Warrants  was made both at the time of the  Public  Offering  and at the time of
exercise (by delivery of the  Prospectus or as otherwise  required by applicable
law, rule or  regulation),  (iii) the holder of the Warrant  confirms in writing
that the exercise of the Warrant was  solicited by Rodman,  (iv) the Warrant was
not held in a discretionary account, and (v) the solicitation of the exercise of
the Warrant was not in violation of  Regulation M (as such rule or any successor
rule  may be in  effect  as of such  time of  exercise)  promulgated  under  the
Securities   Exchange  Act  of  1934,  as  amended,   then  the  Warrant  Agent,
simultaneously with the distribution of the Common Stock underlying the Warrants
so exercised in  accordance  with the  instructions  from the Company  following
receipt  of  the  proceeds  to  the  Company  received  upon  exercise  of  such
Warrant(s),  shall,  on  behalf  of the  Company,  pay (A) in the case of a cash
exercise of the Warrant,  a fee of 5% of the Warrant Price to Rodman;  or (B) in
the case of  exercise of the  Warrant on a cashless  basis,  either a fee of .05
shares for each  warrant  exercised or 5% of the fair market value of each share
issued upon such exercise (the method of payment to be at the Company's option),
provided that Rodman delivers to the Warrant Agent within ten (10) business days
from the date on which Rodman has received the Warrant Agent's  Exercise Notice,
a certificate that the conditions set forth in the preceding clauses (iii), (iv)
and (v) have been satisfied.  Notwithstanding the foregoing, no fee will be paid
to Rodman with respect to the exercise by the  Underwriters or their  affiliates
or the Company's  officers or directors of Warrants  purchased by it or them and
still held by them for its or their own  account.  Rodman and the Company may at
any time during  business  hours,  examine  the  records of the  Warrant  Agent,
including its ledger of original  Warrant  certificates  returned to the Warrant
Agent upon exercise of Warrants.

                  (c) The provisions of this Section 3.3.5. may not be modified,
amended or deleted without the prior written consent of Rodman.

4. Adjustments.

      4.1 Stock  Dividends  Split Ups. If after the date hereof,  and subject to
the provisions of Section 4.6 below, the number of outstanding  shares of Common
Stock is increased by a stock dividend  payable in shares of Common Stock, or by
a split up of shares of Common  Stock,  or other  similar  event,  then,  on the
effective date of such stock dividend,  split up or similar event, the number of
shares of Common Stock  issuable on exercise of each Warrant  shall be increased
in proportion to such increase in outstanding shares of Common Stock.

      4.2  Aggregation of Shares.  If after the date hereof,  and subject to the
provisions of Section 4.6, the number of  outstanding  shares of Common Stock is
decreased   by  a   consolidation,   combination,   reverse   stock   split   or
reclassification  of shares of Common Stock or other similar event, then, on the
effective  date  of  such  consolidation,   combination,  reverse  stock  split,
reclassification or similar event, the number of shares of Common Stock issuable
on exercise of each Warrant shall be decreased in proportion to such decrease in
outstanding shares of Common Stock.

      4.3 Adjustments in Exercise Price. Whenever the number of shares of Common
Stock purchasable upon the exercise of the Warrants is adjusted,  as provided in

                                       5
<PAGE>

Section 4.1 and 4.2 above,  the Warrant  Price shall be adjusted (to the nearest
cent) by multiplying such Warrant Price  immediately prior to such adjustment by
a fraction  (x) the  numerator  of which shall be the number of shares of Common
Stock  purchasable upon the exercise of the Warrants  immediately  prior to such
adjustment,  and (y) the  denominator  of which shall be the number of shares of
Common Stock so purchasable immediately thereafter.

      4.4  Replacement of Securities  upon  Reorganization,  etc. In case of any
reclassification  or  reorganization  of the outstanding  shares of Common Stock
(other than a change covered by Section 4.1 or 4.2 hereof or that solely affects
the par value of such shares of Common  Stock),  or in the case of any merger or
consolidation  of the Company  with or into  another  corporation  (other than a
consolidation  or merger in which the Company is the continuing  corporation and
that  does  not  result  in  any   reclassification  or  reorganization  of  the
outstanding shares of Common Stock), or in the case of any sale or conveyance to
another  corporation or entity of the assets or other property of the Company as
an entirety or substantially as an entirety in connection with which the Company
is dissolved,  the Warrant  holders shall  thereafter have the right to purchase
and receive,  upon the basis and upon the terms and conditions  specified in the
Warrants  and in lieu of the shares of Common  Stock of the Company  immediately
theretofore   purchasable  and  receivable  upon  the  exercise  of  the  rights
represented  thereby, the kind and amount of shares of stock or other securities
or   property   (including   cash)   receivable   upon  such   reclassification,
reorganization,  merger or  consolidation,  or upon a dissolution  following any
such sale or  transfer,  that the  Warrant  holder  would have  received if such
Warrant  holder had exercised his, her or its  Warrant(s)  immediately  prior to
such event;  and if any  reclassification  also results in a change in shares of
Common Stock covered by Section 4.1 or 4.2, then such  adjustment  shall be made
pursuant to Sections 4.1, 4.2, 4.3 and this Section 4.4. The  provisions of this
Section   4.4   shall   similarly   apply   to   successive   reclassifications,
reorganizations, mergers or consolidations, sales or other transfers.

      4.5 Notices of Changes in Warrant.  Upon every  adjustment  of the Warrant
Price or the number of shares  issuable on  exercise  of a Warrant,  the Company
shall give written notice thereof to the Warrant Agent, which notice shall state
the Warrant Price  resulting from such  adjustment and the increase or decrease,
if any, in the number of shares purchasable at such price upon the exercise of a
Warrant,  setting forth in reasonable  detail the method of calculation  and the
facts upon which such  calculation  is based.  Upon the  occurrence of any event
specified in Sections 4.1, 4.2, 4.3 or 4.4, then, in any such event, the Company
shall give written notice to the Warrant  holder,  at the last address set forth
for such holder in the  Warrant  Register,  of the record date or the  effective
date of the event. Failure to give such notice, or any defect therein, shall not
affect the legality or validity of such event.

      4.6 No Fractional Shares.  Notwithstanding any provision contained in this
Warrant Agreement to the contrary, the Company shall not issue fractional shares
upon exercise of Warrants. If, by reason of any adjustment made pursuant to this
Section 4, the holder of any Warrant  would be  entitled,  upon the  exercise of
such Warrant,  to receive a fractional  interest in a share,  the Company shall,
upon such  exercise,  round up to the  nearest  whole  number  the number of the
shares of Common Stock to be issued to the Warrant holder.

      4.7 Form of Warrant.  The form of Warrant  need not be changed  because of
any  adjustment  pursuant  to this  Section 4, and  Warrants  issued  after such
adjustment  may state the same Warrant Price and the same number of shares as is

                                       6
<PAGE>

stated in the Warrants initially issued pursuant to this Agreement. However, the
Company  may at any time in its sole  discretion  make any change in the form of
Warrant  that the  Company  may deem  appropriate  and that does not  affect the
substance thereof,  and any Warrant thereafter issued or countersigned,  whether
in exchange or substitution for an outstanding  Warrant or otherwise,  may be in
the form as so changed.

5. Transfer and Exchange of Warrants.

      5.1  Registration  of  Transfer.  The  Warrant  Agent shall  register  the
transfer,  from  time to time,  of any  outstanding  Warrant  upon  the  Warrant
Register,  upon surrender of such Warrant for transfer,  properly  endorsed with
signatures properly  guaranteed and accompanied by appropriate  instructions for
transfer.  Upon any such transfer, a new Warrant representing an equal aggregate
number of Warrants shall be issued and the old Warrant shall be cancelled by the
Warrant Agent. The Warrants so cancelled shall be delivered by the Warrant Agent
to the Company from time to time upon request.

      5.2 Procedure for Surrender of Warrants.  Warrants may be  surrendered  to
the Warrant Agent, together with a written request for exchange or transfer, and
thereupon  the Warrant  Agent shall issue in exchange  therefor  one or more new
Warrants as requested by the registered  holder of the Warrants so  surrendered,
representing an equal aggregate number of Warrants;  provided,  however, that in
the event that a Warrant  surrendered  for transfer bears a restrictive  legend,
the  Warrant  Agent  shall not cancel  such  Warrant  and issue new  Warrants in
exchange therefor until the Warrant Agent has received an opinion of counsel for
the Company  stating that such transfer may be made and  indicating  whether the
new Warrants must also bear a restrictive legend.

      5.3 Fractional Warrants. The Warrant Agent shall not be required to effect
any  registration of transfer or exchange which will result in the issuance of a
warrant certificate for a fraction of a warrant.

      5.4 Service  Charges.  No service charge shall be made for any exchange or
registration of transfer of Warrants.

      5.5 Warrant  Execution and  Countersignature.  The Warrant Agent is hereby
authorized to countersign  and to deliver,  in accordance with the terms of this
Agreement, the Warrants required to be issued pursuant to the provisions of this
Section 5, and the Company,  whenever required by the Warrant Agent, will supply
the Warrant  Agent with Warrants duly executed on behalf of the Company for such
purpose.

6. Redemption.

      6.1  Redemption.  Subject to Section 6.4 hereof,  not less than all of the
outstanding Warrants may be redeemed,  at the option of the Company, at any time
after they become  exercisable and prior to their  expiration,  at the office of
the Warrant Agent,  upon the notice  referred to in Section 6.2, at the price of
$.01 per Warrant ("Redemption Price"), provided that the last sales price of the
Common  Stock has been equal to or  greater  than  $11.50 per share,  on each of
twenty (20) trading days within any thirty (30) trading day period ending on the

                                       7
<PAGE>

third business day prior to the date on which notice of redemption is given. The
provisions of this Section 6.1 may not be modified,  amended or deleted  without
the prior written consent of Rodman.

      6.2 Date Fixed for,  and Notice of,  Redemption.  In the event the Company
shall elect to redeem all of the Warrants,  the Company shall fix a date for the
redemption.  Notice of redemption  shall be mailed by first class mail,  postage
prepaid,  by the  Company  not less  than 30 days  prior to the date  fixed  for
redemption  to the  registered  holders of the  Warrants to be redeemed at their
last addresses as they shall appear on the Warrant  Register.  Any notice mailed
in the manner herein provided shall be  conclusively  presumed to have been duly
given whether or not the registered holder received such notice.

      6.3 Exercise After Notice of Redemption.  The Warrants may be exercised in
accordance with Section 3 of this Warrant  Agreement at any time after notice of
redemption  shall have been given by the Company  pursuant to Section 6.2 hereof
and prior to the time and date fixed for redemption. On and after the redemption
date,  the record holder of the Warrants  shall have no further rights except to
receive, upon surrender of the Warrants, the Redemption Price.

      6.4 Outstanding Warrants Only. The Company understands that the redemption
rights provided for by this Section 6 apply only to outstanding Warrants. To the
extent a person holds rights to purchase  Warrants,  such purchase  rights shall
not be  extinguished  by  redemption.  However,  once such  purchase  rights are
exercised,  the  Company  may  redeem the  Warrants  issued  upon such  exercise
provided that the criteria for redemption is met,  including the  opportunity of
the Warrant holder to exercise prior to redemption  pursuant to Section 6.3. The
provisions of this Section 6.4 may not be modified,  amended or deleted  without
the prior written consent of Rodman.

7. Other Provisions Relating to Rights of Holders of Warrants.

      7.1 No Rights as  Stockholder.  A Warrant does not entitle the  registered
holder thereof to any of the rights of a stockholder of the Company,  including,
without  limitation,  the right to receive  dividends,  or other  distributions,
exercise  any  preemptive  rights to vote or to consent or to receive  notice as
stockholders  in respect of the  meetings  of  stockholders  or the  election of
directors of the Company or any other matter.

      7.2 Lost,  Stolen,  Mutilated,  or Destroyed  Warrants.  If any Warrant is
lost, stolen,  mutilated, or destroyed, the Company and the Warrant Agent may on
such terms as to indemnity or otherwise as they may in their  discretion  impose
(which  shall,  in the  case  of a  mutilated  Warrant,  include  the  surrender
thereof),  issue a new  Warrant  of like  denomination,  tenor,  and date as the
Warrant so lost,  stolen,  mutilated,  or destroyed.  Any such new Warrant shall
constitute a substitute  contractual  obligation of the Company,  whether or not
the allegedly lost, stolen, mutilated, or destroyed Warrant shall be at any time
enforceable by anyone.

      7.3  Reservation  of Common Stock.  The Company shall at all times reserve
and keep  available a number of its  authorized  but  unissued  shares of Common
Stock that will be sufficient to permit the exercise in full of all  outstanding
Warrants issued pursuant to this Warrant Agreement.

                                       8
<PAGE>

      7.4  Registration  of Common Stock.  The Company  agrees that prior to the
commencement of the Exercise Period, it shall file with the SEC a post-effective
amendment to the Registration Statement,  or a new registration  statement,  for
the  registration,  under  the Act,  of,  and it shall  take  such  action as is
necessary  to  qualify  for sale,  in those  states in which the  Warrants  were
initially offered by the Company, the Common Stock issuable upon exercise of the
Warrants.  In either  case,  the Company  will use its best efforts to cause the
same to become  effective on or prior to the commencement of the Exercise Period
and to maintain  the  effectiveness  of such  registration  statement  until the
expiration  of the Warrants in  accordance  with the  provisions of this Warrant
Agreement.  The  provisions of this Section 7.4 may not be modified,  amended or
deleted without the prior written consent of Rodman.

8. Concerning the Warrant Agent and Other Matters.

      8.1 Payment of Taxes.  The Company will from time to time promptly pay all
taxes and charges that may be imposed  upon the Company or the Warrant  Agent in
respect of the  issuance or delivery of shares of Common Stock upon the exercise
of Warrants, but the Company shall not be obligated to pay any transfer taxes in
respect of the Warrants or such shares.

      8.2 Resignation, Consolidation, or Merger of Warrant Agent.

            8.2.1  Appointment of Successor Warrant Agent. The Warrant Agent, or
any successor to it hereafter appointed, may resign its duties and be discharged
from all further duties and liabilities  hereunder after giving sixty (60) days'
notice in writing to the  Company.  If the office of the Warrant  Agent  becomes
vacant by  resignation  or  incapacity  to act or  otherwise,  the Company shall
appoint in writing a successor  Warrant Agent in place of the Warrant Agent.  If
the Company shall fail to make such appointment within a period of 30 days after
it has been notified in writing of such resignation or incapacity by the Warrant
Agent or by the holder of the Warrant (who shall,  with such notice,  submit his
Warrant for inspection by the Company), then the holder of any Warrant may apply
to the Supreme Court of the State of New York for the County of New York for the
appointment of a successor Warrant Agent. Any successor  Warrant Agent,  whether
appointed by the Company or by such court, shall be a corporation  organized and
existing  under the laws of the State of New York,  in good  standing and having
its principal  office in the Borough of  Manhattan,  City and State of New York,
and authorized under such laws to exercise corporate trust powers and subject to
supervision or examination by federal or state authority. After appointment, any
successor Warrant Agent shall be vested with all the authority,  powers, rights,
immunities,  duties, and obligations of its predecessor  Warrant Agent with like
effect as if originally  named as Warrant Agent  hereunder,  without any further
act or deed;  but if for any reason it becomes  necessary  or  appropriate,  the
predecessor  Warrant  Agent  shall  execute and  deliver,  at the expense of the
Company,  an instrument  transferring  to such  successor  Warrant Agent all the
authority,  powers, and rights of such predecessor Warrant Agent hereunder;  and
upon request of any successor  Warrant  Agent the Company  shall make,  execute,
acknowledge,  and deliver any and all  instruments in writing for more fully and
effectually  vesting in and confirming to such successor  Warrant Agent all such
authority, powers, rights, immunities, duties, and obligations.

                                       9
<PAGE>

            8.2.2 Notice of Successor  Warrant  Agent.  In the event a successor
Warrant Agent shall be appointed,  the Company shall give notice  thereof to the
predecessor  Warrant Agent and the transfer agent for the Common Stock not later
than the effective date of any such appointment.

            8.2.3 Merger or Consolidation of Warrant Agent. Any corporation into
which the Warrant  Agent may be merged or with which it may be  consolidated  or
any corporation  resulting from any merger or consolidation to which the Warrant
Agent shall be a party shall be the  successor  Warrant Agent under this Warrant
Agreement without any further act.

      8.3 Fees and Expenses of Warrant Agent.

            8.3.1  Remuneration.  The Company  agrees to pay the  Warrant  Agent
reasonable  remuneration for its services as such Warrant Agent hereunder as set
forth on Exhibit A hereto,  and will reimburse the Warrant Agent upon demand for
all expenditures that the Warrant Agent may reasonably incur in the execution of
its duties hereunder.

            8.3.2 Further  Assurances.  The Company agrees to perform,  execute,
acknowledge, and deliver or cause to be performed,  executed,  acknowledged, and
delivered all such further and other acts,  instruments,  and  assurances as may
reasonably  be required by the Warrant  Agent for the carrying out or performing
of the provisions of this Warrant Agreement.

      8.4 Liability of Warrant Agent.

            8.4.1 Reliance on Company Statement.  Whenever in the performance of
its  duties  under this  Warrant  Agreement,  the  Warrant  Agent  shall deem it
necessary or desirable  that any fact or matter be proved or  established by the
Company prior to taking or suffering any action  hereunder,  such fact or matter
(unless other evidence in respect thereof be herein specifically prescribed) may
be deemed to be conclusively proved and established by a statement signed by the
Co-Chief  Executive  Officer,  Chairman  of the  Board or Vice  Chairman  of the
Company and delivered to the Warrant Agent. The Warrant Agent may rely upon such
statement  for any action  taken or suffered in good faith by it pursuant to the
provisions of this Warrant Agreement.

            8.4.2  Indemnity.  The Warrant Agent shall be liable  hereunder only
for its own negligence,  willful  misconduct or bad faith. The Company agrees to
indemnify  the  Warrant  Agent  and  save  it  harmless   against  any  and  all
liabilities,  including  judgments,  costs  and  reasonable  counsel  fees,  for
anything  done or omitted by the Warrant  Agent in the execution of this Warrant
Agreement  except  as a  result  of  the  Warrant  Agent's  negligence,  willful
misconduct, or bad faith.

            8.4.3  Exclusions.  The Warrant  Agent shall have no  responsibility
with respect to the  validity of this  Warrant  Agreement or with respect to the
validity or execution of any Warrant (except its countersignature  thereof); nor
shall it be  responsible  for any  breach  by the  Company  of any  covenant  or
condition contained in this Warrant Agreement or in any Warrant; nor shall it be

                                       10
<PAGE>

responsible to make any  adjustments  required under the provisions of Section 4
hereof or responsible for the manner,  method,  or amount of any such adjustment
or the  ascertaining  of the  existence  of facts  that would  require  any such
adjustment;   nor  shall  it  by  any  act  hereunder  be  deemed  to  make  any
representation  or warranty as to the authorization or reservation of any shares
of Common Stock to be issued  pursuant to this Warrant  Agreement or any Warrant
or as to whether any shares of Common  Stock will when issued be valid and fully
paid and nonassessable.

      8.5  Acceptance  of Agency.  The Warrant  Agent hereby  accepts the agency
established  by this Warrant  Agreement  and agrees to perform the same upon the
terms and  conditions  herein set forth and among other  things,  shall  account
promptly to the Company  with  respect to Warrants  exercised  and  concurrently
account for, and pay to the Company,  all moneys  received by the Warrant  Agent
for the purchase of shares of the Company's Common Stock through the exercise of
Warrants.

9. Miscellaneous Provisions.

      9.1 Successors. All the covenants and provisions of this Warrant Agreement
by or for the benefit of the  Company or the Warrant  Agent shall bind and inure
to the benefit of their respective successors and assigns.

      9.2 Notices.  Any notice or other  communication  required or which may be
given  hereunder  shall be in writing and either be delivered  personally  or by
private national courier  service,  or be mailed,  certified or registered mail,
return receipt  requested,  postage  prepaid,  and shall be deemed given when so
delivered  personally or, if sent by private national  courier  service,  on the
next  business day after  delivery to the courier,  or, if mailed,  two business
days after the date of mailing, as follows:

                  Argyle Security Acquisition Corporation
                  200 Concord Plaza, Suite 700
                  San Antonio, Texas 78216
                  Attn: Bob Marbut

Any notice, statement or demand authorized by this Warrant Agreement to be given
or made by the  holder of any  Warrant or by the  Company  to or on the  Warrant
Agent shall be  sufficiently  given when so  delivered  if by hand or  overnight
delivery or if sent by certified mail or private courier service five days after
deposit of such notice,  postage  prepaid,  addressed  (until another address is
filed in writing by the Warrant Agent with the Company), as follows:

                  American Stock Transfer & Trust Company
                  59 Maiden Lane
                  New York, New York 10038
                  Attn: Compliance Department

with a copy in each case to:

                  Loeb & Loeb LLP
                  345 Park Avenue
                  New York, New York 10154
                  Attn: Mitchell S. Nussbaum

                                       11
<PAGE>

and

                  Rodman & Renshaw, LLC
                  330 Madison Avenue
                  New York, New York 10017
                  Attn:  Edward Kovalik

and

                  Morse Zelnick Rose & Lander, LLP
                  405 Park Avenue, Suite 1401
                  New York, New York 10022
                  Attn: Kenneth S. Rose

      9.3 Applicable law. The validity,  interpretation, and performance of this
Warrant  Agreement and of the Warrants  shall be governed in all respects by the
laws of the State of New York,  without  giving effect to conflict of laws.  The
Company  hereby  agrees that any action,  proceeding or claim against it arising
out of or relating  in any way to this  Warrant  Agreement  shall be brought and
enforced  in the courts of the State of New York or the United  States  District
Court for the Southern  District of New York,  and  irrevocably  submits to such
jurisdiction,  which jurisdiction shall be exclusive.  The Company hereby waives
any objection to such exclusive  jurisdiction  and that such courts represent an
inconvenient  forum.  Any such  process or summons to be served upon the Company
may be served by  transmitting  a copy thereof by registered or certified  mail,
return receipt  requested,  postage prepaid,  addressed to it at the address set
forth in Section 9.2 hereof.  Such mailing shall be deemed personal  service and
shall be legal and binding upon the Company in any action, proceeding or claim.

      9.4 Persons  Having Rights under this Warrant  Agreement.  Nothing in this
Warrant  Agreement  expressed  and nothing  that may be implied  from any of the
provisions  hereof is intended,  or shall be construed,  to confer upon, or give
to, any person or  corporation  other than the parties hereto and the registered
holders of the Warrants  and, for the purposes of Sections  3.3.5 6.1, 6.4, 7.4,
9.2 and 9.8 hereof,  Rodman,  any right,  remedy, or claim under or by reason of
this Warrant Agreement or of any covenant, condition,  stipulation,  promise, or
agreement hereof. Rodman shall be deemed to be a third-party beneficiary of this
Warrant  Agreement  with respect to Sections  3.3.5,  6.1, 6.4, 7.4, 9.2 and 9.8
hereof.  All  covenants,  conditions,  stipulations,  promises,  and  agreements
contained in this Warrant  Agreement shall be for the sole and exclusive benefit
of the parties hereto (and Rodman with respect to the Sections 3.3.5,  6.1, 6.4,
7.4, 9.2 and 9.8 hereof) and their  successors and assigns and of the registered
holders of the Warrants.

      9.5 Examination of the Warrant Agreement. A copy of this Warrant Agreement
shall be available at all reasonable times at the office of the Warrant Agent in
the Borough of  Manhattan,  City and State of New York,  for  inspection  by the
registered holder of any Warrant.  The Warrant Agent may require any such holder
to submit his Warrant for inspection by it.

                                       12
<PAGE>

      9.6 Counterparts.  This Warrant Agreement may be executed in any number of
counterparts and each of such  counterparts  shall for all purposes be deemed to
be an original,  and all such counterparts shall together constitute but one and
the same instrument.

      9.7 Effect of Headings.  The Section  headings  herein are for convenience
only and are not  part of this  Warrant  Agreement  and  shall  not  affect  the
interpretation thereof.

      9.8  Amendments.  This  Warrant  Agreement  may be amended by the  parties
hereto  without the consent of any  registered  holder for the purpose of curing
any ambiguity, or of curing, correcting or supplementing any defective provision
contained  herein or adding or changing  any other  provisions  with  respect to
matters or questions  arising  under this  Warrant  Agreement as the parties may
deem necessary or desirable and that the parties deem shall not adversely affect
the interest of the registered  holders.  All other modifications or amendments,
including  any  amendment to increase the Warrant  Price or shorten the Exercise
Period,  shall require the written  consent of each of Rodman and the registered
holders of a majority  of the then  outstanding  Warrants.  Notwithstanding  the
foregoing, the Company may lower the Warrant Price or extend the duration of the
Exercise Period in accordance with Sections 3.1 and 3.2,  respectively,  without
such consent.

      9.9 Severability.  This Warrant  Agreement shall be deemed severable,  and
the  invalidity or  unenforceability  of any term or provision  hereof shall not
affect the validity or  enforceability of this Warrant Agreement or of any other
term  or  provision  hereof.  Furthermore,  in  lieu  of  any  such  invalid  or
unenforceable  term or provision,  the parties hereto intend that there shall be
added as a part of this  Warrant  Agreement a  provision  as similar in terms to
such  invalid or  unenforceable  provision  as may be possible  and be valid and
enforceable.

      IN WITNESS WHEREOF,  this Warrant  Agreement has been duly executed by the
parties hereto as of the day and year first above written.

Attest:                               ARGYLE SECURITY ACQUISITION CORPORATION

                                      By:
                                          --------------------------------------
                                          Bob Marbut, Co-Chief Executive Officer
----------------------------------

Attest:                               AMERICAN STOCK TRANSFER & TRUST COMPANY

                                      By:
----------------------------------        --------------------------------------
                                          Name:
                                          Title:

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