Document:

SECURITY AGREEMENT

          This
SECURITY AGREEMENT dated as of December __, 2008 (the “Security Agreement”), is
executed by National Automation Services, Inc., a Nevada corporation (as “NAS”)
with its chief executive offices located at 2053 Pabco Road, Henderson, NV
89011, Intuitive Systems Solutions, Inc., a Nevada corporation (as “Intuitive”)
with its chief executive offices located at 2053 Pabco Road, Henderson, NV
89011, Intecon, Inc., a Arizona corporation (as “Intecon”) with its chief
executive offices located at 1215 S. Park Lane, Suite 4, Tempe, Arizona 85281
(each a “Debtor” and collectively, the “Debtors”) and TRAFALGAR CAPITAL
SPECIALIZED INVESTMENT FUND, FIS (the “Secured Party”). 

R E C I T A LS:

          WHEREAS,
Debtors desires to borrow funds and obtain financial accommodations from
Secured Party pursuant to that certain Credit Agreement of even date herewith
between Debtor and Secured Party (the “Credit Agreement”).

          NOW, THEREFORE, in consideration of the credit
extended now and in the future by the Secured Party to the Debtors and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Debtors and Secured Party hereby agree as follows:

A G R E E M E  N T S:

     Section
1 DEFINITIONS.

          1.1 Defined
Terms. Capitalized terms used but not otherwise defined in this Security
Agreement (including the Recitals) shall have the meanings ascribed to them in
the Credit Agreement. For the purposes of this Security Agreement, the
following capitalized words and phrases shall have the meanings set forth
below.

               “Capital
Securities” shall mean, with respect to any Person, all shares, interests,
participations or other equivalents (however designated, whether voting or
non-voting) of such Person’s capital, whether now outstanding or issued or
acquired after the date hereof, including common shares, preferred shares,
membership interests in a limited liability company, limited or general
partnership interests in a partnership or any other equivalent of such
ownership interest.

               “Collateral”
shall have the meaning set forth in Section 2.1 hereof.

               “Obligor”
shall mean Borrowers, or any other party liable with respect to the
Obligations.

               “Organizational
Identification Number” means, with respect to Debtors, the organizational
identification number assigned to each Debtor by the applicable governmental
unit or agency of the jurisdiction of organization of each Debtor, if any. 

               “Taxes”
shall mean any and all present and future taxes, duties, levies, imposts,
deductions, assessments, charges or withholdings, and any and all liabilities
(including interest and penalties and other additions to taxes) with respect to
the foregoing.

               “Unmatured
Event of Default” shall mean any event which, with the giving of notice,
the passage of time or both, would constitute an Event of Default.

          1.2 Other
Terms Defined in UCC. All other capitalized words and phrases used herein
and not otherwise specifically defined herein or in the Credit Agreement shall
have the respective meanings assigned to such terms in the UCC, to the extent
the same are used or defined therein.

          1.3 Other
Interpretive Provisions.

	
 

	
 

	
 

	
     (a) The meanings of defined terms are
  equally applicable to the singular and plural forms of the defined terms.
  Whenever the context so requires, the neuter gender includes the masculine
  and feminine, the single number includes the plural, and vice versa, and in
  particular the word “Debtor” shall be so construed.

	
 

	
 

	
 

	
     (b) Section and Schedule references are
  to this Security Agreement unless otherwise specified. The words “hereof”,
  “herein” and “hereunder” and words of similar import when used in this
  Security Agreement shall refer to this Security Agreement as a whole and not
  to any particular provision of this Security Agreement

	
 

	
 

	
 

	
     (c) The term “including” is not
  limiting, and means “including, without limitation”.

	
 

	
 

	
 

	
     (d) In the computation of periods of time
  from a specified date to a later specified date, the word “from” means “from
  and including”; the words “to” and “until” each mean “to but excluding”, and
  the word “through” means “to and including”.

	
 

	
 

	
 

	
     (e) Unless otherwise expressly provided
  herein, (i) references to agreements (including this Security Agreement
  and the other Loan Documents) and other contractual instruments shall be
  deemed to include all subsequent amendments, restatements, supplements and
  other modifications thereto, but only to the extent such amendments,
  restatements, supplements and other modifications are not prohibited by the
  terms of any Loan Document, and (ii) references to any statute or
  regulation shall be construed as including all statutory and regulatory provisions
  amending, replacing, supplementing or interpreting such statute or
  regulation.

	
 

	
 

	
 

	
     (f) To the extent any of the provisions
  of the other Loan Documents are inconsistent with the terms of this Security
  Agreement, the provisions of this Security Agreement shall govern.

	
 

	
 

	
 

	
     (g) This Security Agreement and the
  other Loan Documents may use several different limitations, tests or
  measurements to regulate the same or similar matters. All such limitations,
  tests and measurements are cumulative and each shall be performed in
  accordance with its terms.

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     Section
2 SECURITY FOR THE OBLIGATIONS. 

          2.1 Security
for Obligations. As security for the payment and performance of the
Obligations, Debtors does hereby pledge, assign, transfer, deliver and grant to
Secured Party, for its own benefit and as agent for its Affiliates, a
continuing and unconditional first priority security interest in and to any and
all property of each Debtor, of any kind or description, tangible or
intangible, wheresoever located and whether now existing or hereafter arising
or acquired, including the following (all of which property for each Debtor,
along with the products and proceeds therefrom, are individually and
collectively referred to as the “Collateral”):

	
 

	
 

	
 

	
 

	
 

	
     (a) all property of, or for the account
  of, each Debtor now or hereafter coming into the possession, control or
  custody of, or in transit to, Secured Party or any agent or bailee for
  Secured Party or any parent, affiliate or subsidiary of Secured Party or any
  participant with Secured Party in the Obligations (whether for safekeeping,
  deposit, collection, custody, pledge, transmission or otherwise), including
  all earnings, dividends, interest, or other rights in connection therewith
  and the products and proceeds therefrom, including the proceeds of insurance
  thereon; and

	
 

	
 

	
 

	
 

	
      (b) the additional property of each
  Debtor, whether now existing or hereafter arising or acquired, and wherever
  now or hereafter located, together with all additions and accessions thereto,
  substitutions, betterments and replacements therefor, products and Proceeds
  therefrom, and all of such Debtor’s books and records and recorded data
  relating thereto (regardless of the medium of recording or storage), together
  with all of such Debtor’s right, title and interest in and to all computer
  software required to utilize, create, maintain and process any such records
  or data on electronic media, identified and set forth as follows:

	
 

	
 

	
 

	
 

	
 

	
      (i) All Accounts and all Goods whose
  sale, lease or other disposition by each Debtor has given rise to Accounts
  and have been returned to, or repossessed or stopped in transit by, each
  Debtor, or rejected or refused by an Account Debtor;

	
 

	
 

	
 

	
 

	
 

	
 

	
      (ii) All Inventory, including raw
  materials, work-in-process and finished goods;

	
 

	
 

	
 

	
 

	
 

	
 

	
      (iii) All Goods (other than
  Inventory), including embedded software, Equipment, vehicles, furniture and
  Fixtures;

	
 

	
 

	
 

	
 

	
 

	
 

	
      (iv) All Software and computer
  programs;

	
 

	
 

	
 

	
 

	
 

	
 

	
      (v) All Securities, Investment
  Property, Financial Assets and Deposit Accounts;

	
 

	
 

	
 

	
 

	
 

	
 

	
      (vi) All Chattel Paper, Electronic
  Chattel Paper, Instruments, Documents, Letter of Credit Rights, all proceeds
  of letters of credit, Health-Care-Insurance Receivables, Supporting Obligations,
  notes secured by real estate, Commercial Tort Claims set forth on Schedule 1
  hereto and General Intangibles, including Payment Intangibles; and

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    (vii) All Proceeds (whether Cash Proceeds or
  Non-cash Proceeds) of the foregoing property, including all insurance
  policies and proceeds of insurance payable by reason of loss or damage to the
  foregoing property, including unearned premiums, and of eminent domain or
  condemnation awards.

          2.2 Possession
and Transfer of Collateral. Until an Event of Default has occurred
hereunder, Debtors shall be entitled to possession or use of the Collateral
(other than Instruments or Documents (including Tangible Chattel Paper and
Investment Property consisting of certificated securities) and other Collateral
required to be delivered to Secured Party pursuant to this Section 2).
The cancellation or surrender of any promissory note evidencing an Obligation,
upon payment or otherwise, shall not affect the right of Secured Party to
retain the Collateral for any other of the Obligations except upon payment in
full of the Obligations. Each Debtor shall not sell, assign (by operation of
law or otherwise), license, lease or otherwise dispose of, or grant any option
with respect to any of the Collateral, except as permitted pursuant to the
Credit Agreement.

          2.3 Financing
Statements. Each Debtor authorizes Secured Party to prepare and file such
financing statements, amendments and other documents and do such acts as
Secured Party deems necessary in order to establish and maintain valid,
attached and perfected, first priority security interests in the Collateral in
favor of Secured Party, for its own benefit and as agent for its Affiliates,
free and clear of all Liens and claims and rights of third parties whatsoever,
except Permitted Liens. Each Debtor hereby irrevocably authorizes Secured Party
at any time, and from time to time, to file in any jurisdiction any initial
financing statements and amendments thereto that (a) indicate the Collateral
(i) is comprised of all assets of each Debtor or words of similar effect,
regardless of whether any particular asset comprising a part of the Collateral
falls within the scope of Article 9 of the UCC of the jurisdiction wherein such
financing statement or amendment is filed, or (ii) as being of an equal or
lesser scope or within greater detail as the grant of the security interest set
forth herein, and (b) contain any other information required by Section 5 of
Article 9 of the UCC of the jurisdiction wherein such financing
statement or amendment is filed regarding the sufficiency or filing office
acceptance of any financing statement or amendment, including (i) whether such
Debtor is an organization, the type of organization and any organizational
identification number issued to such Debtor, and (ii) in the case of a
financing statement filed as a fixture filing or indicating Collateral as
as-extracted collateral or timber to be cut, a sufficient description of the
real property to which the Collateral relates. Each Debtor hereby agrees that a
photogenic or other reproduction of this Security Agreement is sufficient for
filing as a financing statement and each Debtor authorizes Secured Party to
file this Security Agreement as a financing statement in any jurisdiction. Each
Debtor agrees to furnish any such information to Secured Party promptly upon
request. In addition, each Debtor shall make appropriate entries on its books
and records disclosing the security interests of Secured Party, for its own
benefit and as agent for its Affiliates, in the Collateral.

          2.4 Preservation
of the Collateral. The Secured Party may, but is not required to, take such
actions from time to time as Secured Party deems appropriate to maintain or
protect the Collateral. The Secured Party shall have exercised reasonable care
in the custody and preservation of the Collateral if Secured Party takes such
action as each Debtor shall reasonably request in writing which is not
inconsistent with Secured Party’s status as a secured party, but the failure of
Secured Party to comply with any such request shall not be deemed a failure to
exercise reasonable care; provided, however, Secured Party’s
responsibility for the safekeeping of the Collateral shall (i) be deemed
reasonable if such Collateral is accorded 

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treatment substantially equal to that which Secured Party accords its
own property, and (ii) not extend to matters beyond the control of Secured
Party, including acts of God, war, insurrection, riot or governmental actions.
In addition, any failure of Secured Party to preserve or protect any rights
with respect to the Collateral against prior or third parties, or to do any act
with respect to preservation of the Collateral, not so requested by such
Debtor, shall not be deemed a failure to exercise reasonable care in the
custody or preservation of the Collateral. Each Debtor shall have the sole
responsibility for taking such action as may be necessary, from time to time,
to preserve all rights of such Debtor and Secured Party in the applicable
Collateral against prior or third parties. Without limiting the generality of
the foregoing, where Collateral consists in whole or in part of Capital
Securities, each Debtor represents to, and covenants with, Secured Party that
such Debtor has made arrangements for keeping informed of changes or potential
changes affecting the Capital Securities (including rights to convert or
subscribe, payment of dividends, reorganization or other exchanges, tender
offers and voting rights), and each Debtor agrees that Secured Party shall have
no responsibility or liability for informing such Debtor of any such or other
changes or potential changes or for taking any action or omitting to take any
action with respect thereto.

          2.5 Other
Actions as to any and all Collateral. Each Debtor further agrees to take
any other action reasonably requested by Secured Party to ensure the
attachment, perfection and first priority of, and the ability of Secured Party
to enforce, the security interest of Secured Party, for its own benefit and as
agent for its Affiliates, in any and all of the Collateral including (a)
causing Secured Party’s name to be noted as secured party on any certificate of
title for a titled good if such notation is a condition to attachment,
perfection or priority of, or ability of the bank to enforce, the security
interest of Secured Party, for its own benefit and as agent for its Affiliates,
in such Collateral, (b) complying with any provision of any statute, regulation
or treaty of the United States as to any material portion of the Collateral as
soon as possible but not more than forty-five (45) days after such request if
compliance with such provision is a condition to attachment, perfection or
priority of, or ability of Secured Party to enforce, the security interest of
Secured Party, for its own benefit and as agent for its Affiliates, in such
Collateral, (c) obtaining governmental and other third party consents and
approvals, including without limitation any consent of any licensor, lessor or
other Person with authority or control over or an interest in any material
portion of the Collateral as soon as possible but not more than forty-five (45)
days after such request, (d) obtaining waivers from mortgagees and landlords in
form and substance reasonably satisfactory to Secured Party which affect any
material portion of the Collateral as soon as possible but not more than
forty-five (45) days after such request, and (e) taking all actions required by
the UCC in effect from time to time or by other law, as applicable in any
relevant UCC jurisdiction, or by other law as applicable in any foreign
jurisdiction. Each Debtor further agrees to indemnify and hold Secured Party
harmless against claims of any Persons not a party to this Security Agreement
concerning disputes arising over the Collateral except to the extent resulting
from the gross negligence or fraudulent or willful misconduct of Secured Party
or its Affiliates.

          2.6 Collateral
in the Possession of a Warehouseman or Bailee. If any material portion of
the Collateral at any time is in the possession of a warehouseman or bailee,
each Debtor shall promptly notify Secured Party thereof, and, as soon as
possible but not more than forty-five (45) days later, shall obtain a
Collateral Access Agreement in form and substance reasonably satisfactory to
Secured Party from such warehouseman or bailee.

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          2.7 Letter-of-Credit
Rights. If any Debtor at any time is a beneficiary under a letter of credit
now or hereafter issued in favor of such Debtor, such Debtor shall promptly
notify Secured Party thereof and, at the request and option of Secured Party,
such Debtor shall, pursuant to an agreement in form and substance reasonably
satisfactory to Secured Party, either (i) arrange for the issuer and any
confirmer of such letter of credit to consent to an assignment to Secured
Party, for its own benefit and as agent for its Affiliates, of the proceeds of
any drawing under the letter of credit, or (ii) arrange for Secured Party, for
its own benefit and as agent for its Affiliates, to become the transferee
beneficiary of the letter of credit, with Secured Party agreeing, in each case,
that the proceeds of any drawing under the letter to credit are to be applied
as provided in the Credit Agreement.

          2.8 Commercial
Tort Claims. If any Debtor shall at any time hold or acquire a Commercial
Tort Claim, such Debtor shall promptly notify Secured Party in writing signed
by such Debtor of the details thereof and grant to Secured Party, for its own
benefit and as agent for its Affiliates, in such writing a security interest
therein and in the proceeds thereof, all upon the terms of this Security
Agreement, in each case in form and substance reasonably satisfactory to
Secured Party, and shall execute any amendments hereto deemed reasonably
necessary by Secured Party to perfect the security interest of Secured Party,
for its own benefit and as agent for its Affiliates, in such Commercial Tort
Claim.

          2.9 Electronic
Chattel Paper and Transferable Records. If such Debtor at any time holds or
acquires an interest in any electronic chattel paper or any “transferable
record”, as that term is defined in Section 201 of the federal Electronic
Signatures in Global and National Commerce Act, or in Section 16 of the Uniform
Electronic Transactions Act as in effect in any relevant jurisdiction, such
Debtor shall promptly notify Secured Party thereof and, at the request of
Secured Party, shall take such action as Secured Party may reasonably request
to vest in Secured Party control under Section 9-105 of the UCC of such
electronic chattel paper or control under Section 201 of the federal Electronic
Signatures in Global and National Commerce Act or, as the case may be, Section
16 of the Uniform Electronic Transactions Act, as so in effect in such
jurisdiction, of such transferable record. The Secured Party agrees with each
Debtor that Secured Party will arrange, pursuant to procedures reasonably
satisfactory to Secured Party and so long as such procedures will not result in
Secured Party’s loss of control, for such Debtor to make alterations to the
electronic chattel paper or transferable record permitted under Section 9-105
of the UCC or, as the case may be, Section 201 of the federal Electronic
Signatures in Global and National Commerce Act or Section 16 of the Uniform
Electronic Transactions Act for a party in control to make without loss of
control.

     Section
3 REPRESENTATIONS AND WARRANTIES. 

          Each Debtor
makes the following representations and warranties to Secured Party:

          3.1 Debtors
Organization and Name. Each Debtor is a corporation duly organized,
existing and in good standing under the laws of its respective state of
incorporation, with full and adequate power to carry on and conduct its respective
business as presently conducted. Each Debtor is duly licensed or qualified in
all foreign jurisdictions wherein the nature of its activities requires such
qualification or licensing. Each Debtor’s Organizational Identification Number
is set forth in the Credit Agreement. The exact legal name of each Debtor is as
set forth in the first paragraph of this Security Agreement, and each Debtor
currently does not conduct, nor has it during the last five (5) years
conducted, business under any other name or trade name.

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          3.2 Authorization.
Each Debtor has full right, power and authority to enter into this Security
Agreement and to perform all of its duties and obligations under this Security
Agreement. The execution and delivery of this Security Agreement and the other
Loan Documents will not, nor will the observance or performance of any of the
matters and things herein or therein set forth, violate or contravene any
provision of law or of the articles of incorporation or bylaws of any Debtor. All
necessary and appropriate action has been taken on the part of each Debtor to
authorize the execution and delivery of this Security Agreement.

          3.3 Validity
and Binding Nature. This Security Agreement is the legal, valid and binding
obligation of each Debtor, enforceable against each Debtor in accordance with
its terms, subject to bankruptcy, insolvency and similar laws affecting the
enforceability of creditors’ rights generally and to general principles of
equity.

          3.4 Consent;
Absence of Breach. The execution, delivery and performance of this Security
Agreement and any other documents or instruments to be executed and delivered
by each Debtor in connection herewith, do not and will not (a) require any
consent, approval, authorization, or filings with, notice to or other act by or
in respect of, any governmental authority or any other Person (other than
filings or notices pursuant to federal or state securities laws or other than
any consent or approval which has been obtained and is in full force and
effect); (b) conflict with (i) any provision of law or any applicable
regulation, order, writ, injunction or decree of any court or governmental
authority except for such conflicts which would not result in a Material
Adverse Effect, (ii) the articles of incorporation, bylaws or other organic
document of each Debtor, or (iii) any material agreement, indenture, instrument
or other document, or any judgment, order or decree, which is binding upon each
Debtor or any of its properties or assets except for such conflicts which would
not result in a Material Adverse Effect; or (c) require, or result in, the
creation or imposition of any Lien on any asset of each Debtor, other than
Liens in favor of Secured Party created pursuant to this Security Agreement and
Permitted Liens. 

          3.5 Ownership
of Collateral; Liens. Each Debtor is the sole owner all of the Collateral,
free and clear of all Liens, charges and claims (including infringement claims
with respect to patents, trademarks, service marks, copyrights and the like),
other than Permitted Liens.

          3.6 Adverse
Circumstances. No condition, circumstance, event, agreement, document,
instrument, restriction, litigation or proceeding (or threatened litigation or
proceeding or basis therefor) exists which (a) would have a Material Adverse
Effect upon any Debtor, or (b) would constitute an Event of Default or an
Unmatured Event of Default. 

          3.7 Security
Interest. This Security Agreement creates a valid security interest in
favor of Secured Party in the Collateral and, when properly perfected by filing
in the appropriate jurisdictions, or by possession or Control of such
Collateral by Secured Party or delivery of such Collateral to Secured Party,
shall constitute a valid, perfected, first-priority security interest in such
Collateral.

          3.8 Place
of Business. The principal place of business and books and records of each
Debtor is set forth in the preamble to this Security Agreement, and the
location of all Collateral, if other than at such principal place of business,
as set forth on Schedule 3.8 attached hereto and made a part hereof, and
each Debtor shall promptly notify Secured Party of any change in such
locations. Each Debtor will not remove or permit the Collateral to be removed
from such location without the prior written consent of Secured Party, except
as permitted pursuant to the Credit Agreement.

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          3.9 Complete
Information. This Security Agreement and all financial statements,
schedules, certificates, confirmations, agreements, contracts, and other
materials and information heretofore or contemporaneously herewith furnished in
writing by each Debtor to Secured Party for purposes of, or in connection with,
this Security Agreement and the transactions contemplated hereby is, and all
written information hereafter furnished by or on behalf of each Debtor to
Secured Party pursuant hereto or in connection herewith will be, to Debtor’s
knowledge, true and accurate in every material respect as of the date hereof,
and none of such information is or will be incomplete by omitting to state any
material fact necessary to make such information not misleading in light of the
circumstances under which made (it being recognized by Secured Party that any
projections and forecasts provided by each Debtor are based on good faith
estimates and assumptions believed by each Debtor to be reasonable as of the
date of the applicable projections or assumptions and that actual results
during the period or periods covered by any such projections and forecasts may
differ from projected or forecasted results).

     Section
4 REMEDIES.

          Upon the
occurrence of any default in the payment or performance of any of the
covenants, conditions and agreements contained in this Security Agreement or
any other Event of Default, Secured Party shall have all rights, powers and
remedies set forth in this Security Agreement or the other Loan Documents or in
any other written agreement or instrument relating to any of the Obligations or
any security therefor, as a secured party under the UCC or as otherwise
provided at law or in equity. Without limiting the generality of the foregoing,
Secured Party may, at its option upon the occurrence of an Event of Default,
declare its commitments to Debtors to be terminated and all Obligations to be
immediately due and payable, or, if provided in the Loan Documents, all
commitments of Secured Party to Debtors shall immediately terminate and all
Obligations shall be automatically due and payable, all without demand, notice
or further action of any kind required on the part of Secured Party. Debtors
hereby waives any and all presentment, demand, notice of dishonor, protest, and
all other notices and demands in connection with the enforcement of Secured
Party’s rights under the Loan Documents, and hereby consents to, and waives
notice of release, with or without consideration, of any Collateral,
notwithstanding anything contained herein or in the Loan Documents to the
contrary. In addition to the foregoing:

          4.1 Possession
and Assembly of Collateral. The Secured Party may, without notice, demand
or legal process of any kind, take possession of any or all of the Collateral
(in addition to Collateral of which Secured Party already has possession),
wherever it may be found, and for that purpose may pursue the same wherever it
may be found, and may at any time enter into any of Debtors’ premises where any
of the Collateral may be or is supposed to be, and search for, take possession
of, remove, keep and store any of the Collateral until the same shall be sold
or otherwise disposed of and Secured Party shall have the right to store and
conduct a sale of the same in any of Debtors’ premises without cost to Secured
Party.. At Secured Party’s request, each Debtor will, at Debtor’s sole expense,
assemble the Collateral and make it available to Secured Party at a place or
places to be designated by Secured Party which is reasonably convenient to
Secured Party and such Debtor.

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          4.2 Sale
of Collateral. The Secured Party may sell any or all of the Collateral at
public or private sale, upon such terms and conditions as Secured Party may
deem proper, and Secured Party may purchase any or all of the Collateral at any
such sale. Each Debtor acknowledges that Secured Party may be unable to effect
a public sale of all or any portion of the Collateral because of certain legal
and/or practical restrictions and provisions which may be applicable to the
Collateral and, therefore, may be compelled to resort to one or more private
sales to a restricted group of offerees and purchasers. Each Debtor consents to
any such private sale so made even though at places and upon terms less
favorable than if the Collateral were sold at public sale. The Secured Party
shall have no obligation to clean-up or otherwise prepare the Collateral for
sale. The Secured Party may apply the net proceeds, after deducting all costs,
expenses, attorneys’ and paralegals’ fees incurred or paid at any time in the
collection, protection and sale of the Collateral and the Obligations, to the
payment of the Obligations, returning the excess proceeds, if any, to such
Debtor. Each Debtor shall remain liable for any amount remaining unpaid after
such application, with interest at the Default Rate. Any notification of
intended disposition of the Collateral required by law shall be conclusively
deemed reasonably and properly given if given by Secured Party at least ten
(10) calendar days before the date of such disposition. Each Debtor hereby
confirms, approves and ratifies all acts and deeds of Secured Party relating to
the foregoing, and each part thereof, and expressly waives any and all claims
of any nature, kind or description which it has or may hereafter have against
Secured Party or its representatives, by reason of taking, selling or
collecting any portion of the Collateral. Each Debtor consents to releases of
the Collateral at any time (including prior to default) and to sales of the
Collateral in groups, parcels or portions, or as an entirety, as Secured Party
shall deem appropriate. Each Debtor expressly absolves Secured Party from any
loss or decline in market value of any Collateral by reason of delay in the
enforcement or assertion or nonenforcement of any rights or remedies under this
Security Agreement.

          4.3 Standards
for Exercising Remedies. To the extent that applicable law imposes duties
on Secured Party to exercise remedies in a commercially reasonable manner, each
Debtor acknowledges and agrees that it is not commercially unreasonable for Secured
Party (a) to fail to incur expenses reasonably deemed significant by Secured
Party to prepare Collateral for disposition or otherwise to complete raw
material or work-in-process into finished goods or other finished products for
disposition, (b) to fail to obtain third party consents for access to
Collateral to be disposed of, or to obtain or, if not required by other law, to
fail to obtain governmental or third party consents for the collection or
disposition of Collateral to be collected or disposed of, (c) to fail to
exercise collection remedies against Account Debtors or other Persons obligated
on Collateral or to remove liens or encumbrances on or any adverse claims
against Collateral, (d) to exercise collection remedies against Account Debtors
and other Persons obligated on Collateral directly or through the use of
collection agencies and other collection specialists, (e) to advertise
dispositions of Collateral through publications or media of general
circulation, whether or not the Collateral is of a specialized nature, (f) to
contact other Persons, whether or not in the same business as such Debtor, for
expressions of interest in acquiring all or any portion of the Collateral, (g)
to hire one or more professional auctioneers to assist in the disposition of
Collateral, whether or not the collateral is of a specialized nature, (h) to
dispose of Collateral by utilizing internet sites that provide for the auction
of assets of the types included in the Collateral or that have the reasonable
capability of doing so, or that match buyers and sellers of assets, (i) to
dispose of assets in wholesale rather than retail markets, (j) to disclaim
disposition warranties, including any warranties of title, (k) to purchase
insurance or credit enhancements to insure Secured Party against risks of loss,
collection or disposition 

9

of Collateral or to provide to Secured Party a guaranteed return from
the collection or disposition of Collateral, or (l) to the extent deemed
appropriate by Secured Party, to obtain the services of other brokers,
investment bankers, consultants and other professionals to assist Secured Party
in the collection or disposition of any of the Collateral. Each Debtor
acknowledges that the purpose of this section is to provide non-exhaustive indications
of what actions or omissions by Secured Party would not be commercially
unreasonable in Secured Party’s exercise of remedies against the Collateral and
that other actions or omissions by Secured Party shall not be deemed
commercially unreasonable solely on account of not being indicated in this
Section. Without limitation upon the foregoing, nothing contained in this
Section shall be construed to grant any rights to any Debtor or to impose any
duties on Secured Party that would not have been granted or imposed by this
Security Agreement or by applicable law in the absence of this Section.

          4.4 UCC
and Offset Rights. The Secured Party may exercise, from time to time, any
and all rights and remedies available to it under the UCC or under any other
applicable law in addition to, and not in lieu of, any rights and remedies
expressly granted in this Security Agreement or in any other agreements between
any Obligor and Secured Party, and may, without demand or notice of any kind,
appropriate and apply toward the payment of such of the Obligations, whether
matured or unmatured, including costs of collection and attorneys’ and
paralegals’ fees, and in such order of application as Secured Party may, from
time to time, elect, any indebtedness of Secured Party to any Obligor, however
created or arising, including balances, credits, deposits, accounts or moneys
of such Obligor in the possession, control or custody of, or in transit to
Secured Party. Each Debtor, on behalf of itself and any Obligor, hereby waives
the benefit of any law that would otherwise restrict or limit Secured Party in
the exercise of its right, which is hereby acknowledged, to appropriate at any
time hereafter any such indebtedness owing from Secured Party to any Obligor.

          4.5 Additional
Remedies. Upon the occurrence of an Event of Default, Secured Party shall
have the right and power to:

	
 

	
 

	
 

	
     (a) instruct each Debtor, at its own
  expense, to notify any parties obligated on any of the Collateral, including
  any Account Debtors, to make payment directly to Secured Party of any amounts
  due or to become due thereunder, or Secured Party may directly notify such
  obligors of the security interest of Secured Party, and/or of the assignment
  to Secured Party of the Collateral and direct such obligors to make payment
  to Secured Party of any amounts due or to become due with respect thereto,
  and thereafter, collect any such amounts due on the Collateral directly from
  such Persons obligated thereon;

	
 

	
 

	
 

	
     (b) enforce collection of any of the
  Collateral, including any Accounts, by suit or otherwise, or make any
  compromise or settlement with respect to any of the Collateral, or surrender,
  release or exchange all or any part thereof, or compromise, extend or renew
  for any period (whether or not longer than the original period) any
  indebtedness thereunder;

	
 

	
 

	
 

	
     (c) take possession or control of any
  proceeds and products of any of the Collateral, including the proceeds of
  insurance thereon;

10

	
 

	
 

	
 

	
     (d) extend, renew or modify for one or
  more periods (whether or not longer than the original period) the Obligations
  or any obligation of any nature of any other obligor with respect to the
  Obligations;

	
 

	
 

	
 

	
     (e) grant releases, compromises or
  indulgences with respect to the Obligations, any extension or renewal of any
  of the Obligations, any security therefor, or to any other obligor with
  respect to the Obligations;

	
 

	
 

	
 

	
     (f) transfer the whole or any part of
  Capital Securities which may constitute Collateral into the name of Secured
  Party or Secured Party’s nominee without disclosing, if Secured Party so
  desires, that such Capital Securities so transferred are subject to the
  security interest of Secured Party, and any corporation, association, or any
  of the managers or trustees of any trust issuing any of such Capital
  Securities, or any transfer agent, shall not be bound to inquire, in the
  event that Secured Party or such nominee makes any further transfer of such
  Capital Securities, or any portion thereof, as to whether Secured Party or
  such nominee has the right to make such further transfer, and shall not be
  liable for transferring the same;

	
 

	
 

	
 

	
     (g) vote the Collateral;

	
 

	
 

	
 

	
     (h) make an election with respect to
  the Collateral under Section 1111 of Secured Partyruptcy Code or take action
  under Section 364 or any other section of Secured Partyruptcy Code; provided,
  however, that any such action of Secured Party as set forth herein
  shall not, in any manner whatsoever, impair or affect the liability of each
  Debtor hereunder, nor prejudice, waive, nor be construed to impair, affect,
  prejudice or waive Secured Party’s rights and remedies at law, in equity or
  by statute, nor release, discharge, nor be construed to release or discharge,
  such Debtor, any guarantor or other Person liable to Secured Party for the
  Obligations; and

	
 

	
 

	
 

	
     (i) at any time, and from time to time,
  accept additions to, releases, reductions, exchanges or substitution of the
  Collateral, without in any way altering, impairing, diminishing or affecting
  the provisions of this Security Agreement, the Loan Documents, or any of the
  other Obligations, or Secured Party’s rights hereunder, under the
  Obligations.

Each Debtor hereby agrees that Secured Party shall not be liable for
any error of judgment or mistakes of fact or law with respect to actions taken
in connection with the Collateral except to the extent resulting from Secured
Party’s gross negligence or willful or fraudulent misconduct.

          4.6 Attorney-in-Fact.
Each Debtor hereby irrevocably makes, constitutes and appoints Secured Party
(and any officer of Secured Party or any Person designated by Secured Party for
that purpose) as such Debtor’s true and lawful proxy and attorney-in-fact (and
agent-in-fact) in such Debtor’s name, place and stead, with full power of
substitution, to (i) take such actions as are permitted in this Security
Agreement, (ii) execute such financing statements and other documents and to do
such other acts as Secured Party may require to perfect and preserve Secured
Party’s security interest in, and to enforce such interests in the Collateral,
and (iii) upon the occurrence of an Event of Default, carry out any remedy
provided for in this Security Agreement, including endorsing such Debtor’s name
to checks, drafts, instruments and other items of payment, and proceeds of the
Collateral, executing change of address forms with the postmaster of the United
States Post Office serving the address of such Debtor, 

11

changing the address of such Debtor to that of Secured Party, opening
all envelopes addressed to Debtor and applying any payments contained therein
to the Obligations. Each Debtor hereby acknowledges that the constitution and
appointment of such proxy and attorney-in-fact are coupled with an interest and
are irrevocable. Each Debtor hereby ratifies and confirms all that such
attorney-in-fact may do or cause to be done by virtue of any provision of this
Security Agreement.

          4.7 No
Marshaling. The Secured Party shall not be required to marshal any present
or future collateral security (including this Security Agreement and the
Collateral) for, or other assurances of payment of, the Obligations or any of
them or to resort to such collateral security or other assurances of payment in
any particular order. To the extent that it lawfully may, each Debtor hereby
agrees that it will not invoke any law relating to the marshaling of collateral
which might cause delay in or impede the enforcement of Secured Party’s rights
under this Security Agreement or under any other instrument creating or
evidencing any of the Obligations or under which any of the Obligations is
outstanding or by which any of the Obligations is secured or payment thereof is
otherwise assured, and, to the extent that it lawfully may, each Debtor hereby
irrevocably waives the benefits of all such laws.

          4.8 No
Waiver. No Event of Default shall be waived by Secured Party except in
writing. No failure or delay on the part of Secured Party in exercising any
right, power or remedy hereunder shall operate as a waiver of the exercise of
the same or any other right at any other time; nor shall any single or partial
exercise of any such right, power or remedy preclude any other or further
exercise thereof or the exercise of any other right, power or remedy hereunder.
There shall be no obligation on the part of Secured Party to exercise any
remedy available to Secured Party in any order. The remedies provided for
herein are cumulative and not exclusive of any remedies provided at law or in
equity. Each Debtor agrees that in the event that such Debtor fails to perform,
observe or discharge any of its Obligations or liabilities under this Security
Agreement or any other agreements with Secured Party, no remedy of law will
provide adequate relief to Secured Party, and further agrees that Secured Party
shall be entitled to temporary and permanent injunctive relief in any such case
without the necessity of proving actual damages.

          4.9  Application of Proceeds. The Secured
Party will within three (3) Business Days after receipt of cash or solvent
credits from collection of items of payment, proceeds of Collateral or any
other source, apply the whole or any part thereof against the Obligations
secured hereby. The Secured Party shall further have the exclusive right to
determine how, when and what application of such payments and such credits
shall be made on the Obligations, and such determination shall be conclusive
upon the Borrowers. Any proceeds of any disposition by the Secured Party of all
or any part of the Collateral may be first applied by the Secured Party to the
payment of expenses incurred by the Secured Party in connection with the
Collateral, including reasonable attorneys’ fees and legal expenses as provided
for in Section 5.13 hereof.

     Section
5 MISCELLANEOUS. 

          5.1 Entire
Agreement. This Security Agreement and the other Loan Documents (i) are
valid, binding and enforceable against such Debtor and Secured Party in
accordance with their respective provisions and no conditions exist as to their
legal effectiveness; (ii) constitute the entire agreement between the parties
with respect to the subject matter hereof and thereof; and (iii) are the final
expression of the intentions of such Debtor and Secured Party. No 

12

promises, either expressed or implied, exist between such Debtor and
Secured Party, unless contained herein or therein. This Security Agreement,
together with the other Loan Documents, supersedes all negotiations,
representations, warranties, commitments, term sheets, discussions,
negotiations, offers or contracts (of any kind or nature, whether oral or
written) prior to or contemporaneous with the execution hereof with respect to
any matter, directly or indirectly related to the terms of this Security
Agreement and the other Loan Documents. This Security Agreement and the other
Loan Documents are the result of negotiations among Secured Party, Debtors and
the other parties thereto, and have been reviewed (or have had the opportunity
to be reviewed) by counsel to all such parties, and are the products of all
parties. Accordingly, this Security Agreement and the other Loan Documents
shall not be construed more strictly against Secured Party merely because of
Secured Party’s involvement in their preparation.

          5.2 Amendments;
Waivers. No delay on the part of Secured Party in the exercise of any
right, power or remedy shall operate as a waiver thereof, nor shall any single
or partial exercise by Secured Party of any right, power or remedy preclude
other or further exercise thereof, or the exercise of any other right, power or
remedy. No amendment, modification or waiver of, or consent with respect to,
any provision of this Security Agreement or the other Loan Documents shall in
any event be effective unless the same shall be in writing and acknowledged by
Secured Party, and then any such amendment, modification, waiver or consent
shall be effective only in the specific instance and for the specific purpose
for which given.

          5.3 WAIVER
OF DEFENSES. EACH DEBTOR WAIVES EVERY DEFENSE, CAUSE OF ACTION,
COUNTERCLAIM OR SETOFF WHICH SUCH DEBTOR SHALL OR MAY HAVE AS OF THE DATE
HEREOF TO ANY ACTION BY SECURED PARTY IN ENFORCING THIS SECURITY AGREEMENT.
PROVIDED SECURED PARTY ACTS IN GOOD FAITH, SUCH DEBTOR RATIFIES AND CONFIRMS WHATEVER
SECURED PARTY MAY DO PURSUANT TO THE TERMS OF THIS SECURITY AGREEMENT AS OF THE
DATE HEREOF. THIS PROVISION IS A MATERIAL INDUCEMENT FOR SECURED PARTY GRANTING
ANY FINANCIAL ACCOMMODATION TO DEBTORS.

          5.4 FORUM
SELECTION AND CONSENT TO JURISDICTION. ANY LITIGATION BASED HEREON, OR
ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS SECURITY AGREEMENT OR ANY
OTHER LOAN DOCUMENT, SHALL BE BROUGHT AND MAINTAINED EXCLUSIVELY IN THE COURTS
HAVING THEIR SITUS IN THE CITY OF CHICAGO, ILLINOIS OR IN THE UNITED STATES
DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS; PROVIDED THAT NOTHING IN
THIS SECURITY AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE BANK FROM
BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION. EACH
DEBTOR AND BANK HEREBY EXPRESSLY AND IRREVOCABLY SUBMIT TO THE JURISDICTION OF
THE COURTS OF THE STATE OF ILLINOIS AND OF THE UNITED STATES DISTRICT COURT FOR
THE NORTHERN DISTRICT OF ILLINOIS FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET
FORTH ABOVE. EACH DEBTOR AND BANK FURTHER IRREVOCABLY CONSENT TO THE SERVICE OF
PROCESS BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR
WITHOUT THE STATE OF ILLINOIS. EACH DEBTOR AND BANK HEREBY EXPRESSLY AND
IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH
IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION
BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH
LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

13

          5.5 WAIVER
OF JURY TRIAL. BANK AND EACH DEBTOR, AFTER CONSULTING OR HAVING HAD THE
OPPORTUNITY TO CONSULT WITH COUNSEL, EACH KNOWINGLY, VOLUNTARILY AND
INTENTIONALLY WAIVE IRREVOCABLY, ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR
PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS SECURITY AGREEMENT, ANY
NOTE, ANY OTHER LOAN DOCUMENT, ANY OF THE OTHER OBLIGATIONS, THE COLLATERAL, OR
ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE
FUTURE BE DELIVERED IN CONNECTION HEREWITH OR THEREWITH OR ARISING FROM ANY
LENDING RELATIONSHIP EXISTING IN CONNECTION WITH ANY OF THE FOREGOING, OR ANY
COURSE OF CONDUCT OR COURSE OF DEALING IN WHICH BANK AND EACH DEBTOR ARE
ADVERSE PARTIES, AND EACH AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE
TRIED BEFORE A COURT AND NOT BEFORE A JURY. THIS PROVISION IS A MATERIAL
INDUCEMENT FOR BANK GRANTING ANY FINANCIAL ACCOMMODATION TO DEBTOR.

          5.6Assignability.
The Secured Party, prior to the occurrence of an Event of Default and with the
consent of each Debtor, which consent will not be unreasonably withheld, and
after the occurrence of an Event of Default without consent from or notice to
anyone, may at any time assign Secured Party’s rights in this Security
Agreement, the other Loan Documents, the Obligations, or any part thereof and
transfer Secured Party’s rights in any or all of the Collateral, and Secured
Party thereafter shall be relieved from all liability with respect to such
Collateral. This Security Agreement shall be binding upon Secured Party and
each Debtor and its respective legal representatives and successors. All
references herein to Debtor shall be deemed to include any successors, whether
immediate or remote. In the case of a joint venture or partnership, the term
“Debtors” shall be deemed to include all joint venturers or partners thereof,
who shall be jointly and severally liable hereunder.

          5.7 Binding
Effect. This Security Agreement shall become effective upon execution by
each Debtor and Secured Party. 

          5.8 Governing
Law. This Security Agreement shall be delivered and accepted in and shall
be deemed to be a contract made under and governed by the internal laws of the
State of Florida (but giving effect to federal laws applicable to national
banks) applicable to contracts made and to be performed entirely within such
state, without regard to conflict of laws principles.

          5.9 Enforceability.
Wherever possible, each provision of this Security Agreement shall be
interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Security Agreement shall be prohibited by,
unenforceable or invalid under any jurisdiction, such provision shall as to
such jurisdiction, be severable and be ineffective to the extent of such prohibition
or invalidity, without invalidating the remaining provisions of this Security
Agreement or affecting the validity or enforceability of such provision in any
other jurisdiction.

14

          5.10 Time
of Essence. Time is of the essence in making payments of all amounts due
Secured Party under this Security Agreement and in the performance and
observance by each Debtor of each covenant, agreement, provision and term of
this Security Agreement.

          5.11
Counterparts;  Facsimile  Signatures.  This  Security  Agreement  may  be
executed in any number of  counterparts  and by the different  parties hereto on
separate  counterparts  and  each  such  counterpart  shall be  deemed  to be an
original,  but all such counterparts  shall together  constitute but one and the
same Security Agreement.  Receipt of an executed signature page to this Security
Agreement  by  facsimile  or  other  electronic  transmission  shall  constitute
effective  delivery  thereof.  Electronic  records of  executed  Loan  Documents
maintained by Secured Party shall be deemed to be originals thereof.

          5.12 Notices.
Except as otherwise provided herein, each
Debtor waives all notices and demands in connection with the enforcement of
Secured Party’s rights hereunder. All notices, requests, demands and other communications
provided for hereunder shall be made in accordance with the terms of the Credit
Agreement.

          5.13 Costs,
Fees and Expenses. Debtors shall pay or reimburse Secured Party for all
reasonable costs, fees and expenses incurred by Secured Party or for which
Secured Party becomes obligated in connection with the enforcement of this
Security Agreement, including reasonable attorneys’ fees and time charges of
counsel to Secured Party, which shall also include attorneys’ fees and time
charges of attorneys who may be employees of Secured Party or any Affiliate of
Secured Party, plus costs and expenses of such attorneys or of Secured Party;
search fees, costs and expenses; and all taxes payable in connection with this
Security Agreement. In furtherance of the foregoing, Debtors shall pay any and
all stamp and other taxes, UCC search fees, filing fees and other costs and
expenses in connection with the execution and delivery of this Security
Agreement and the other Loan Documents to be delivered hereunder, and agrees to
save and hold Secured Party harmless from and against any and all liabilities
with respect to or resulting from any delay in paying or omission to pay such
costs and expenses. That portion of the Obligations consisting of costs,
expenses or advances to be reimbursed by Debtors to Secured Party pursuant to
this Security Agreement or the other Loan Documents which are not paid on or
prior to the date hereof shall be payable by Debtors to Secured Party on demand
upon 15 days’ prior written notice by Secured Party to any Debtor. If at any
time or times hereafter Secured Party: (a) employs counsel for advice or
other representation (i) with respect to this Security Agreement or the
other Loan Documents, (ii) to represent Secured Party in any litigation,
contest, dispute, suit or proceeding or to commence, defend, or intervene or to
take any other action in or with respect to any litigation, contest, dispute,
suit, or proceeding (whether instituted by Secured Party, Debtors, or any other
Person) in any way or respect relating to this Security Agreement, or
(iii) to enforce any rights of Secured Party against Debtors or any other
Person under of this Security Agreement; (b) takes any action to protect,
collect, sell, liquidate, or otherwise dispose of any of the Collateral; and/or
(c) attempts to or enforces any of Secured Party’s rights or remedies
under this Security Agreement, the costs and expenses incurred by Secured Party
in any manner or way with respect to the foregoing, shall be part of the Obligations,
payable by Debtors to Secured Party on demand.

          5.14 Termination.
This Security Agreement and the Liens and security interests granted hereunder
shall not terminate until the termination of the Credit Agreement and the
commitments to make Loans there under and the full and complete performance and
satisfaction and payment in full of all the Obligations (other than contingent
indemnification 

15

obligations). Upon termination of this Security Agreement, Secured Party
shall also deliver to each Debtor (at the sole expense of such Debtor) such UCC
termination statements, certificates for terminating the liens on the Motor
Vehicles (if any) and such other documentation, without recourse, warranty or
representation whatsoever, as shall be reasonably requested by such Debtor to
effect the termination and release of the Liens and security interests in favor
of Secured Party affecting the Collateral.

          5.15
Reinstatement. This Security Agreement shall remain in full force and effect and
continue to be effective should any petition be filed by or against any Debtor
for liquidation or reorganization, should any Debtor become insolvent or make
an assignment for the benefit of any creditor or creditors or should a receiver
or trustee be appointed for all or any significant part of such Debtor’s
assets, and shall continue to be effective or be reinstated, as the case may
be, if at any time payment and performance of the Obligations, or any part
thereof, is, pursuant to applicable law, rescinded or reduced in amount, or
must otherwise be restored or returned by any obligee of the Obligations,
whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all
as though such payment or performance had not been made. In the event that any
payment, or any part thereof, is rescinded, reduced, restored or returned, the
Obligations shall be reinstated and deemed reduced only by such amount paid and
not so rescinded, reduced, restored or returned.

[SIGNATURE PAGE FOLLOWS]

16

          IN WITNESS
WHEREOF, Debtor and Secured Party have executed this Security Agreement as of
the date first above written.

	
 

	
 

	
 

	
 

	
Debtors:

	
 

	
 

	
 

	
NATIONAL AUTOMATION SERVICES, INC., 

	
 

	
a Nevada
  corporation

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
Name:

	
Bob Chance

	
 

	
Title:

	
President 

	
 

	
 

	
 

	
 

	
INTECON, INC., 

	
 

	
a Arizona
  corporation

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
 

	
INTUITIVE SYSTEMS
  SOLUTIONS, INC., 

	
 

	
a Nevada
  corporation

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
Name:

	
Bob Chance

	
 

	
Title:

	
President 

	
 

	
 

	
 

	
 

	
Agreed and
  accepted:

	
 

	
 

	
 

	
Secured Party:

	
 

	
 

	
 

	
TRAFALGAR CAPITAL SPECIALIZED INVESTMENT FUND, FIS

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
Name: 

	
 

	
 

	
 

	

	
 

	
Title:

	
 

	
 

	
 

	

Signature page to Security Agreement

Schedule 1

Commercial Tort Claims

[None]

Schedule 3.8

Collateral Locations/Places
of Business

1. National Automation Services, Inc. – 2053 Pabco Road, Henderson,
Nevada 89011

2. Intuitive Solutions Systems, Inc. – 2053 Pabco Road, Henderson,
Nevada 89011

3. Intecon, Inc. – 1215 S. Park Lane, Suite 4, Tempe,
Arizona 85281REVOLVING
NOTE

	
 

	
 

	
$1,000,000

	
Date: as of December, ___,
  2008

	
 

	
Due Date: __________________, 2009

          FOR
VALUE RECEIVED, National Automation Services, Inc., a Nevada corporation whose
address is 2053 Pabco Road, Henderson, Nevada 89011, Intuitive System Solutions,
Inc. a Nevada corporation whose address is 2053 Pabco Road, Henderson, Nevada
89011, and Intecon, Inc., an Arizona corporation whose address is 1215 S. Park
Lane, Suite 4, Tempe, Arizona 85281 (each individually a “Borrower” and
collectively, the “Borrowers”), each promises to pay to the order of TRAFALGAR CAPITAL SPECIALIZED INVESTMENT FUND,
FIS (hereinafter, together with any holder hereof, the “Lender”), whose address is 8-10
Rue Mathias Hardt, BP 3023, L-1030 Luxembourg, on or before _, 2009 (the “Revolving
Loan Maturity Date”), the lesser of (i) ONE MILLION DOLLARS ($1,000,000), or
(ii) the aggregate principal amount of all Revolving Loans outstanding under
and pursuant to that certain Credit Agreement of even date herewith, executed
by and among the Borrowers, National Automation Services, Inc. and the Lender,
as amended from time to time (as amended, supplemented or modified from time to
time, the “Credit Agreement”), and made available by the Lender to the Borrowers
at the maturity or maturities and in the amount or amounts stated on the
records of the Lender, together with interest (computed on the actual number of
days elapsed on the basis of a 360 day year) on the aggregate principal amount
of all Revolving Loans outstanding from time to time, as provided in the Credit
Agreement. Capitalized words and phrases not otherwise defined herein shall
have the meanings assigned thereto in the Credit Agreement.

          This
Revolving Note (“Note”) evidences the Revolving Loans incurred by the Borrowers
under and pursuant to the Credit Agreement, to which reference is hereby made
for a statement of the terms and conditions under which the Revolving Loan
Maturity Date or any payment hereon may be accelerated. The holder of this Note
is entitled to all of the benefits and security provided for in the Credit
Agreement. All Revolving Loans shall be repaid by the Borrowers on the
Revolving Loan Maturity Date, unless payable sooner pursuant to the provisions
of the Credit Agreement.

          Principal
and interest shall be paid to the Lender as set forth in the Credit Agreement,
or at such other place as the holder of this Note shall designate in writing to
the Borrowers. Each Revolving Loan made by the Lender, and all payments on
account of the principal and interest thereof shall be recorded on the books
and records of the Lender and the principal balance as shown on such books and
records, or any copy thereof certified by an officer of the Lender, shall be
rebuttably presumptive evidence of the principal amount owing hereunder.

          Except
for such notices as may be required under the terms of the Credit Agreement, each
Borrower waives presentment, demand, notice, protest, and all other demands, or
notices, in connection with the delivery, acceptance, performance, default, or
enforcement of this Note, and assents to any extension or postponement of the
time of payment or any other indulgence.

          Each
Borrower shall be solely responsible for the payment of any and all documentary
stamps and other taxes applicable to the full face amount of this Note.

          The
Revolving Loans evidenced hereby have been made and/or issued and this Note has
been delivered at the Lender’s main office set forth above. This Note shall be
governed and construed in accordance with the laws of the State of Florida, in
which state it shall be 

performed, and shall be binding upon the Borrowers,
and each of their legal representatives, successors, and assigns. Wherever
possible, each provision of the Credit Agreement and this Note shall be interpreted
in such manner as to be effective and valid under applicable law, but if any
provision of the Credit Agreement or this Note shall be prohibited by or be
invalid under such law, such provision shall be severable, and be ineffective
to the extent of such prohibition or invalidity, without invalidating the
remaining provisions of the Credit Agreement or this Note.

          Nothing
herein contained, nor in any instrument or transaction relating hereto, shall
be construed or so operate as to require the Borrowers, or any person liable
for the payment of this Note, to pay interest in an amount or at a rate grater
than the highest rate permissible under applicable law. By acceptance hereof, Lender
hereby warrants and represents to Borrowers that Lender has no intention of
charging a usurious rate of interest. Should any interest or other charges paid
by the Borrowers, or any parties liable for the payments made pursuant to this
Note, result in the computation or earning of interest in excess of the highest
rate permissible under applicable law, any and all such excess shall be and the
same is hereby waived by the holder hereof. Lender shall make adjustments in
the Note or Credit Agreement, as applicable, as necessary to ensure that Borrowers
will not be required to pay further interest in excess of the amount permitted
by Florida law. All such excess shall be automatically credited against and in
reduction of the outstanding principal balance. Any portion of such excess
which exceeds the outstanding principal balance shall be paid by the holder
hereof to the Lender and any parties liable for the payment of this Note, it
being the intent of the parties hereto that under no circumstances shall the Borrowers,
or any party liable for the payments hereunder, be required to pay interest in
excess of the highest rate permissible under applicable law.

[SIGNATURE
PAGE FOLLOWS]

2

          IN
WITNESS WHEREOF, the Borrowers have executed this Note as of the date set forth
above.

	
 

	
 

	
 

	
 

	
 

	
 

	
National
  Automation Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
Robert W. Chance 

	
 

	
 

	
Title:

	
President 

	
 

	
 

	
 

	
 

	
 

	
 

	
Intuitive
  System Solutions, Inc.

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
Jody R. Hanley 

	
 

	
 

	
Title:

	
President 

	
 

	
 

	
 

	
 

	
 

	
 

	
Intecon,
  Inc.

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
Brandon Spiker 

	
 

	
 

	
Title:

	
President

Signature Page to Revolving Note

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