Document:

Exhibit 10.25

                               SECURITY AGREEMENT
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     AGREEMENT made as of this 20th day of August, 2004 (the "Agreement")
between Gary Segal, an individual with an address at 101-32 101st Street, Ozone
Park, New York 11416 his successors and permitted assigns, (the "Secured Party")
and High Rise Electric, Inc., a corporation organized under the laws of the
State of Delaware with its principal office located at 11-30 47th Avenue, Long
Island City, New York 11101 (the "Debtor").

                              W I T N E S S E T H:

     WHEREAS, Debtor is indebted to Secured Party pursuant to a Promissory Note
dated August 20, 2004 (the "Note") pursuant to which Debtor has borrowed
$2,000,000 from the Secured Party.

     WHEREAS, in order to secure Debtor's indebtedness and obligations to
Secured Party, Debtor has agreed to grant a security interest to Secured Party
in certain assets of the Debtor as hereinafter described.

     NOW THEREFORE, based upon the mutual covenants, conditions and promises
hereinafter contained, the sufficiency of which is acknowledged by the parties,
it is agreed as follows:

     1. GRANT OF SECURITY INTEREST. As security for the prompt payment in full
and performance of all of obligations under the Note and any extensions,
amendments or modifications thereof, Debtor hereby authorizes the Secured Party
to file financing statements against and pledges and grants to Security Party a
first and paramount lien (subject and subordinate to the rights granted by
Debtor to any sureties) upon and security interest in, all of the following
property of Debtor (whether now owned or hereafter acquired), and in all
accessions and additions thereto, replacements and substitutions therefor, and
proceeds and products thereof:

               (i)  All "Accounts", which term shall include, in addition to the
                    definition thereof contained in the UCC, all obligations of
                    any kind at any time due or owing to Debtor and all rights
                    of Debtor to receive payment or any other consideration
                    (whether classified under the UCC or the law of any other
                    state as accounts, accounts receivable, contract rights,
                    chattel paper, general intangibles, or otherwise) including,
                    without limitation, invoices, contract rights, accounts
                    receivable, (whether delivered, undelivered, in transit or
                    returned) represented by any thereof; and

               (ii) All Proceeds of the foregoing, including cash and non-cash
                    proceeds as defined in the UCC, and including (1) proceeds
                    of any insurance, indemnity, warranty or guaranty payable to
                    Secured Party or Debtor from time to time with respect to
                    the Collateral, (2) payments in any form made or due and
                    payable to Secured Party or Debtor in connection with any
                    requisition, confiscation, condemnation, seizure of
                    forfeiture of any Collateral, or any proceeds thereof, and
                    (3) all other amounts paid or payable under or in connection
                    with any Collateral.

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     The property described in subparagraphs (i) and (ii) above, together with
all accessions, additions, replacements, substitutions, proceeds and products as
aforesaid, is referred to collectively hereinafter as the "Collateral".

     Debtor shall execute and deliver such financing statements and other
documents (in form and substance satisfactory to Secured Party), and take such
other actions, as Secured Party may request from time to time in order to
create, perfect or continue the security interests provided for above under the
UCC or other laws of the State of New York or under any other state or federal
law.

     2. REPRESENTATIONS AND WARRANTIES. The Debtor hereby represents and
warrants to the Secured Party, knowing and intending that the Secured Party
shall rely thereon in making the loan completed hereby, that:

     Section 2.1. Corporate Existence; Good Standing.

               (a)  The Debtor (i) is a corporation duly organized, validly
                    existing and in good standing under the laws of the State of
                    Delaware, and (ii) has all requisite power and authority and
                    full legal right to carry on the business in which it is
                    presently engaged.

               (b)  The Debtor has adequate power and authority and has full
                    legal rights to enter into each of the documents to which it
                    is a party, to perform, observe and comply with all of its
                    agreements and obligations under each of such documents.

     Section 2.2. Authority, etc. The execution and delivery by the Debtor of
this Agreement and the Note to which it is a party, the performance by the
Debtor of all of its agreements and obligations, applicable to it, under each of
such documents, and the incurring by the Debtor of all of the obligations
contemplated herein or therein: (a) have been duly authorized by all necessary
actions on the part of each Debtor and its Shareholders and do not and will not
contravene any provision of such Debtor's Articles of Incorporation or by-laws
(each as from time to time in effect), (b) do not conflict with, or result in a
breach of the terms, conditions, or provisions of, or constitute a default
under, or result in the creation of any mortgage, lien, pledge, charge, security
interest or other encumbrance upon any of the property of the Debtor under any
agreement, mortgage or other instrument to which the Debtor is or may become a
party, (c) does not violate or contravene any provision of any law, regulation,
order, ruling or interpretation thereunder or any decree, order or judgment or
any court or governmental or regulatory authority, bureau, agency or official
(all as from time to time in effect and applicable to such entity), (d) does not
require any waivers, consents or approvals by any of the creditors or trustees
for creditors of the Debtor, or (e) does not require any approval, consent,
order, authorization, or license by, or giving notice to, or taking any other
action with respect to, any governmental or regulatory authority or agency,
under any provision of any applicable law.

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     Section 2.3. Binding Effect of Note. The Debtor has duly executed and
delivered this Agreement and the Note (collectively, the "Loan Documents"), and
each such document is in full force and effect. The agreements and obligations
of the Debtor as contained in each of the Loan Documents constitutes or upon
execution and delivery thereof will constitute legal, valid and binding
obligations of the Debtor enforceable against the Debtor in accordance with
their respective terms.

     Section 2.4. No Events of Default, etc.. The Debtor is not in default in
any material respect under any contract, agreement or instrument to which the
Debtor is a party or by which the Debtor is bound, except where the consequence
of any such default would not have a material adverse effect upon the financial
condition, assets, operations or property of the Debtor.

     Section 2.5. No Consent Necessary. No consent or approval of, giving of
notice to, registration with or taking of any other action in respect of, any
third party or governmental authority or agency is required with respect to the
execution, delivery and performance by the Debtor of this Agreement and the
Note.

     Section 2.6. No Proceedings. There are no actions, suits, or proceedings
pending or, to the knowledge of the Debtor, threatened against the Debtor in any
court or before any governmental commission, board, or authority which, if
adversely determined, will have an material adverse effect on the ability of the
Debtor to perform its obligations under the Loan Documents.

     Section 2.7. No Violations of Laws. The Debtor has conducted, and is
conducting, its business, so as to comply in all material respects with all
applicable federal, state, county and municipal statutes and regulations. The
Debtor is not charged with, and to the knowledge of the Debtor, is not under
investigation with respect to, any violation of any such statutes, regulations
or orders, and adverse determination of which would have a material adverse
effect on the financial condition, business or operations of the Debtor.

     Section 2.8. Financial Statements.

     (a) Subject to any limitation stated therein, all balance sheets, income
statements and other financial data which have been or shall hereafter be
furnished to the Secured Party to induce it to enter into the Note otherwise in
connection herewith, fairly present in all material respects the financial
position of the Debtor as of the respective dates thereof and the results of
their operations and cash flows for the respective periods then ended, except
that interim statements may not contain all footnotes required by GAAP and may
be subject to normal year-end adjustments. Working Capital items are maintained
at levels represented in the Financial Statements subject to normal
fluctuations. All other information, reports and other papers and data furnished
to the Secured Party are, or will be at the time the same are so furnished,
true, accurate and complete in all material respects. Unless provided otherwise
herein, all such financial statements and other information have been, or will
have been at the time of issuance, prepared in accordance with GAAP consistently
applied during all periods.

     (b) Except as shown on the most recent financial statements which have been
delivered to the Secured Party, the Debtor has not other obligations of any kind
as of the date hereof which would materially adversely affect the financial
condition of the Debtor or the Collateral.

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     Section 2.9. Changes in Financial Condition. Except as disclosed on
Schedule 2.9 hereto, there has been no material change in the Debtor's financial
condition since the date of its last financial statements which have been
delivered to the Secured Party.

     Section 2.10. Accounts Receivable. Annexed hereto as Schedule 2.10 is a
list of the outstanding accounts receivable of Debtor as of June 30 2004,
showing aging thereof. Debtor represents that such list is accurate, complete,
and contains an accurate aging thereof. All of said accounts receivable are
collectible are subject to no counterclaims or setoffs of any nature whatsoever,
and require no further act on the Debtor's part to make such accounts owing by
the account debtors. None of the accounts include any conditional sales,
consignments or sales on any basis other than that of absolute sale in the
ordinary and usual course of business, except as otherwise set forth on said
list. No agreement has been made under which any deductions or discounts may be
claimed as to any such account.

     Section 2.11. Taxes and Assessments. The Debtor has paid and discharged
when due all taxes, assessments and other governmental charges which may
lawfully be levied or assessed upon its income and profits, or upon all or any
portion of any property belonging to it, whether real, personal or mixed, to the
extent that such taxes, assessments and other charges have become due. The
Debtor has filed all tax returns, federal, state and local, and all related
information, required to be filed by it.

     Section 2.12. Other Liens. The Debtor has good and marketable title to and
owns all of the accounts receivable free and clear of any and all Liens (except
as set forth on Schedule 2.12 hereto). A "Lien" is any lien, encumbrance or
security interest, but excluding in each case any Permitted Liens. A "Permitted
Lien" includes any (i) Liens for taxes not yet due and payable or which are
being contested in good faith and by appropriate proceedings, (ii) carriers',
warehousemen's, mechanics', materialmen's, repairmen's and other like Liens
imposed by law, including liens imposed by article 3A of the Lien Law of the
State of New York, arising in the ordinary course of business consistent with
past practice and securing obligations that are not overdue by more than 30 days
or are being contested in good faith, (iii) pledges and deposits made in the
ordinary course of business consistent with past practice in compliance with
workers' compensation, unemployment insurance and other social security laws or
regulations, (iv) deposits to secure the performance of bids, trade contracts,
leases, statutory obligations, surety and appeal bonds, performance bonds and
other obligations of a like nature, in each case in the ordinary course of
business consistent with past practice; or (v) Liens that, individually and in
the aggregate, do not and would not materially detract from the value of any of
the property or assets of the Debtor or materially interfere with the current
use thereof; provided that all of such Permitted Liens (i) -- (v), in the
aggregate, do not at any time exceed $2,000,000. None of the Collateral is
subject to any prohibition against encumbering, pledging, hypothecating or
assigning the same or requires notice or consent to the Debtor's doing of the
same.

     Section 2.13. Books and Records. The Debtor maintains its books and records
related to its Accounts Receivable at 11-30 47th Avenue, Long Island City, New
York 11101.

     Section 2.14. Representations and Warranties: True, Accurate and Complete.
None of the representations, warranties or statements made to the Secured Party
pursuant hereto or in connection with this Agreement or the transactions
contemplated hereby contains any untrue statement of a material fact, or omits
or will omit to state a material fact necessary in order to make the statements
contained herein and therein, in light of the circumstances in which they are
made, not misleading.

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     3. AFFIRMATIVE COVENANTS. Until payment in full of all obligations of the
Note and the termination of this Agreement, the Debtor hereby covenants and
agrees that it will:

     Section 3.1. Notify the Secured Party. Promptly inform the Secured Party if
any one or more of the representations and warranties made by the Debtor in this
Agreement or in any document related hereto shall no longer be entirely true,
accurate and complete.

     Section 3.2. Observe Covenants, etc. Observe, perform and comply with the
covenants, terms and conditions of this Agreement, and other agreements or
documents entered into between the Debtor and the Secured Party.

     Section 3.3. Maintain Corporate Existence and Qualifications. Maintain and
preserve in full force and effect, its corporate existence and rights,
franchises, licenses and qualifications necessary to continue its business, and
comply with all applicable statutes, rules and regulations pertaining to the
operation, conduct and maintenance of its regulations of its existence and
business.

     Section 3.4. Information and Documents to be Furnished to the Secured
Party. The Debtor hereby covenants to the Secured Party that it will furnish to
the Secured Party:

               (a)  Annual Financial Statements. As soon as delivered to any
                    other creditor, but in no event later than one hundred
                    twenty (120) days after the end of each fiscal year, its
                    balance sheet as at the end of such year, and its income and
                    surplus statement for such fiscal year, all in reasonable
                    detail, all prepared on a review basis in accordance with
                    GAAP by independent certified public accountants of
                    recognized standing selected by the Debtor and satisfactory
                    to the Secured Party.

               (b)  Semi-Annual Financial Statements. As soon as delivered to
                    any other creditor but in no event later than sixty days
                    after the end of the semi-annual fiscal period of the
                    Debtor, its cumulative income and surplus statement for the
                    period beginning on the first day of such fiscal year and
                    ended on the date of such balance sheet all in reasonable
                    detail, all prepared on a compiled basis in accordance with
                    GAAP by independent certified public accountants of
                    recognized standing selected by the Debtor and satisfactory
                    to the Secured Party.

               (c)  Accounts Receivable Certificates. In such form as is
                    generated by Debtor's accounting software, from time to time
                    as the Secured Party may additionally require:

                    (i)  A certificate either describing each account
                         receivable, or, if the Secured Party so elects,
                         certifying the face amount of all accounts receivable
                         in the aggregate; and

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                    (ii) Schedules of accounts receivable describing each.

               (d)  Accounts Receivable's Aging Reports. On or before the
                    twenty-fifth (25) day of each month, a detailed aging report
                    setting forth amounts due and owing on accounts receivable
                    on the Debtor's books as of the close of the preceding
                    month, together with a reconciliation report satisfactory to
                    the Secured Party showing all sales, collections, payments
                    and adjustments to Accounts Receivables on the Debtor's
                    books as of the close of the preceding month.

     4. ATTORNEY IN FACT. Debtor grants Secured Party (and as agent for Secured
Party, any third party filing service company as chosen by Secured Party) a
specific power of attorney for Secured Party (inclusive of any assignee of
Secured Party) to use as follows: (a) Secured Party may sign and file on
Debtor's behalf any document Secured Party deems necessary to (i) perfect or
protect Secured Party's interest in the Collateral or pursuant to the Uniform
Commercial Code and (ii) to prepare, modify and/or execute any documents
necessary to enforce any of Secured Party's rights herein as to the Collateral
including but not limited to all documents necessary to transfer the title to
the Collateral. Failure of the Secured Party to perfect its security interest
hereunder shall not affect or impair the obligations of Debtor hereunder or of
any guarantor. In the event it is necessary to amend or add to any of the terms
of this Agreement to insert (or reflect a change in) the description of the
serial numbers (or other identifying features) of the Collateral, Debtor
specifically authorizes Secured Party to make any such additions and/or
amendments to this Agreement which additions and/or amendments shall be
incorporated in this Agreement herein as if originally set forth. Secured Party
shall advise Debtor of any such amendments described in this paragraph. Debtor
will also pay, or will upon demand reimburse Secured Party, for all of the
reasonable, direct out-of-pocket costs and expenses incurred by Secured Party in
connection with (i) the filing of any financing statements, and/or (ii) any
action to enforce the terms of the Note and/or Security Agreement. This power of
attorney is coupled with an interest.

     5. EVENTS OF DEFAULT. Each of the following events shall constitute an
"Event of Default" (whether any such event shall be voluntary or involuntary or
come about or be effected by operation of law or pursuant to or in compliance
with any judgment, decree or order of any court or any order, rule or regulation
of any administrative or governmental body): (a) An event of default shall occur
under the Note (as defined therein); or (b) Debtor shall fail to cause the
Collateral or any portion thereof to be released or discharged from any lien,
claim or liability as and when required by this Agreement; or (c) Debtor shall
fail to perform or observe any other covenant, condition or agreement on the
part of Debtor to be observed and/or performed under this Agreement and such
failure shall continue for ten (10) days after written notice from Secured Party
to Debtor specifying such failure and demanding the same to be remedied; or (d)
any representation or warranty made by Debtor herein or by Debtor or by any
officer, employee or agent of Debtor in any document or certificate furnished
Secured Party in connection herewith or pursuant hereto shall prove at any time
to be incorrect or untrue as of the date made in any material respect; or (e)
Debtor shall default under any other agreement with or intended for the benefit
of Secured Party or any permitted assignee of any of Secured Party's rights
hereunder, whether now existing, hereafter executed or executed simultaneously
herewith; or (f) Debtor shall become insolvent or Debtor shall become bankrupt

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or Debtor shall cease doing business as a going concern or Debtor shall make an
assignment for the benefit of creditors or Debtor shall consent to the
appointment of a trustee or receiver, or a trustee or a receiver shall be
appointed for Debtor or for a substantial part of the property thereof without
its consent or bankruptcy, reorganization or insolvency proceedings shall be
instituted by or against Debtor; or (g) if Debtor shall sell a material portion
of its assets out of the ordinary course of business or if any interest in such
entity is transferred and/or sold; (h) the existence of an attachment or seizure
of, or levy upon, any property owned or leased by the Debtor, which is not
removed, vacated or discharged within fifteen (15) days of occurrence; or (i)
default, beyond any cure period, by Debtor in any other loan, lease or security
agreement entered into with Secured Party or another creditor; or (j) if Debtor
shall suffer a material adverse change in its condition or affairs, financial or
otherwise, that in the reasonable opinion of Secured Party materially increases
its risk with respect to the obligations under this loan or materially impairs
any security therefor of any of the Collateral or Secured Party shall at any
time deem any of the Collateral to be in danger of misuse, concealment or
misappropriation; or (k) there is a loss, material destruction, sale,
encumbrance, concealment, or forfeiture of the Collateral or any material
portion thereof; or (1) there shall be an occurrence of a default under any
guaranty of the Note.

     6. REMEDIES. Upon the occurrence of any event of default described in this
Agreement, Secured Party shall provide Debtor written notice of such occurrence
of the event of default and, following the passage of two business days, may
exercise one or more of the following remedies: (a) declare all Debtor's
indebtedness secured hereby immediately due and payable; and (b) take possession
of the Collateral without demand or legal process; and (c) enter the premises
where the Collateral may be found and take possession of, and remove, the
Collateral without demand, legal process or liability for suit, action or other
proceeding, and all rights of Debtor in the Collateral so removed shall
terminate absolutely upon the recovery of the Collateral and the Collateral
shall become Secured Party's property; and (d) take possession of the Collateral
and to endorse, deposit cash or otherwise negotiate for its benefit all
Collateral and proceeds thereto including but not limited to drafts, checks, and
other instruments upon such terms as Secured Party may elect, and to apply the
net proceeds, less expenses, on the account of Debtor's indebtedness; and (e)
have all other rights and remedies under this Agreement and/or the Note; and (f)
have all other rights and remedies of a secured party under the Uniform
Commercial Code; and (g) recover from Debtor expenses of re-taking, holding,
selling or the like which expenses shall include, but not be limited to, Secured
Party's reasonable attorneys' fees and legal expenses, auctioneers fees, sales
commissions and advertising expenses. While the Debtor is in default beyond an
applicable cure period, the Debtor shall not distribute to shareholders, nor
shall any shareholders (or insiders as that term is defined in the U.S.
Bankruptcy Code) receive compensation from the Debtor of any kind including
dividends, salary, bonuses, distributions, commissions or the like. All of
Secured Party's remedies are cumulative, and are in addition to any other
remedies provided for by law, and may, to the extent permitted by law, be
exercised either concurrently or separately. The exercise of any one remedy
shall not be deemed an election of such remedy or to preclude the exercise of
any other remedy. No failure on Secured Party's part to exercise any right or
remedy, and no delay in exercising any right or remedy shall operate as a waiver
or any right or remedy or act as a modification to the terms of this Agreement.

     In order to effectuate the terms and provisions hereof, the Debtor hereof
designates and irrevocably appoints Secured Party and its designees or agents as
attorney-in-fact of the Debtor, with authority after the occurrence and during
the continuance of an Event of Default to receive, open and dispose of all mail
addressed to the Debtor, to notify the Post Office authorities to change the

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address for delivery of mail addressed to the Debtor to such address as Secured
Party may designate; to endorse the name of the Debtor on any notes,
acceptances, checks, drafts, money orders, instruments or other evidence of
payment or proceeds of the Collateral that may come into Secured Party's
possession; to sign the name of the Debtor on any invoices, documents, drafts
against and notices (which also may direct among other things that payment be
made directly to Secured Party) to Account debtors or obligors of the Debtor,
assignments and requests for verification of Accounts; to execute proofs of
claim and loss; to execute any endorsements, assignments, or other instruments
of conveyance or transfer, to adjust and compromise any claims under insurance
policies; to execute releases; and to do all other acts and things necessary and
advisable in the sole discretion of Secured Party to carry out and enforce this
Agreement. All acts of said attorney or designee are hereby ratified and
approved and said attorney or designee shall not be liable for any acts of
commission or omission, nor for any error of judgment or mistake of fact or law.
This power of attorney being coupled with an interest is irrevocable while the
Note shall remain unpaid.

     7. INDEMNIFICATION. Debtor hereby agrees to indemnify, save and keep
harmless Secured Party, its agents, employees, successors and assigns, from and
against any and all losses, damages (including indirect, special or
consequential), environmental hazards or penalties of any kind or nature,
injuries (whether to property, person or otherwise), claims, actions and suits,
including, without limitation, legal expenses of whatsoever kind and nature
(including, without limitation, reasonable costs and expense incurred by Secured
Party in defending claims or suits brought against it by Debtor or any account
debtor) in contract or tort, including, but in no way limited to, Secured
Party's strict liability in tort or any government regulatory claim, unless and
except to the extent of Secured Party's gross negligence or willful misconduct
is the proximate cause of any such loss, damage, penalty, injury, claim, action
or suit, and Debtor shall at its own expense defend any and all such actions,
arising out of the selection, modification, purchase, ownership, acceptance or
rejection of any item of Collateral, and the delivery, possession, maintenance,
use, condition (including without limitation latent or other defects, whether or
not discoverable by Secured Party or Debtor, and any claim for patent, trademark
or copyright infringement) or operation or any item of Collateral by whom so
ever used or operated or arising out of or resulting from the condition of any
item of Collateral, sold or disposed of after use by Debtor, employee of Debtor,
or any designee or lessee of Debtor. The indemnities and assumptions of
liability herein provided for shall continue in full force and effect,
notwithstanding the termination of this Security Agreement, whether by
expiration of time, operation of law or otherwise.

     8. NOTICES. Any notices provided in this Agreement shall be deemed to have
been duly given and effective on delivery if hand delivered, or when sent if
sent by nationally recognized overnight delivery service, or by certified mail,
return receipt requested, to the addresses stated herein, or to such other
address as may be designated in writing by either Secured Party or Debtor.

     9. ATTORNEYS' FEES. Debtor shall pay all of Secured Party's direct,
reasonable attorneys' fees, court costs, expenses and disbursements
(collectively the "Expenses") arising out of the enforcement of any of Secured
Party's remedies (whether or not an action has actually been instituted), under
the Loan Documents.

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     10. OPTION TO PERFORM OBLIGATIONS OF THE DEBTOR IN RESPECT TO THE
COLLATERAL. If the Debtor fails or refuses to make any payment, perform any
covenant or obligation, or take any other action which the Debtor is obligated
hereunder to perform, observe, take or do hereunder, then the Secured Party may,
at its option, without notice or demand upon the Debtor and without releasing
the Debtor from any obligation or covenant hereof, perform, observe, take or do
the same in such manner and to such extent as the Secured Party may deem
necessary or appropriate to protect any of the Collateral and its rights
hereunder. The Debtor agrees that any payment or expense incurred by the Secured
Party pursuant to the foregoing authorization (and interest at the maximum rate
permitted by law) shall become part of the indebtedness owed by Debtor and be
secured by the Collateral.

     That Secured Party's duty with respect to the Collateral shall be solely to
use reasonable care in the custody and preservation of collateral in its
possession; Secured Party shall not be obligated to take any steps necessary to
preserve any rights in any of the Collateral against prior parties, and the
Debtor hereby agrees to take such steps; the Debtor shall pay to Secured Party
all costs and expenses, including filing and reasonable attorney's fees,
incurred by Secured Party in connection with the custody, care, preservation or
collection of the Collateral; Secured Party may, but is not obligated to,
exercise any and all rights of conversion or exchange or similar rights,
privileges and options relating to the Collateral; Secured Party shall have no
obligation to sell or otherwise realize upon any of the Collateral as herein
authorized and shall not be responsible for any failure to do so or for any
delay in so doing.

     11. INVALIDITY. If any provision of this Agreement or the Note secured
hereby shall, to any extent be invalid, the remainder of this Agreement or the
Note secured hereby, other than those to which it is held invalid, shall not be
affected thereby, and each provision of this Agreement and the Note shall be
valid and enforceable to the fullest extent permitted by law. If the interest
rate charged under the Note exceeds the maximum rate permitted by law, then the
parties agree to reduce such rate to the maximum allowable rate.

     12. NO OFFSET AND WAIVER. Debtor hereby agrees that in any proceeding
instituted by Secured Party under the Note, Agreement and/or the other related
documents, Debtor hereby (a) WAIVES ANY RIGHT TO ASSERT OR INTERPOSE AGAINST
SECURED PARTY, THIS AGREEMENT OR OTHER LOAN DOCUMENTS (OR THE PAYMENT,
COLLECTION OR OTHER ENFORCEMENT OF ANY SUCH DOCUMENTS), ANY CLAIM, DEMAND,
DEFENSE, SET OFF, DEDUCTION OR COUNTERCLAIM WHATSOEVER OF ANY NATURE OR
DESCRIPTION, (b) WAIVES THE RIGHT TO OBTAIN A TRIAL BY JURY OR SEEK TO
CONSOLIDATE OR OBTAIN A JOINT TRIAL OR HEARING OF ANY ACTION OR PROCEEDING OR
MOTION IN WHICH DEBTOR MAKES A CLAIM OR DEMAND AGAINST SECURED PARTY OR AGAINST
THE NOTE, AGREEMENT AND/OR OTHER LOAN DOCUMENTS (OR THE PAYMENT, COLLECTION OR
OTHER ENFORCEMENT OF ANY SUCH DOCUMENTS) OF ANY NATURE OR DESCRIPTION. Waiver of
any default shall not constitute a waiver of any subsequent or other default.
Any failure by Secured Party to perfect its security interest in the Collateral
(whether intentionally or through an error of the Secured Party) shall impose no
liability upon Secured Party nor relieve Debtor (or any guarantor) of its
obligations hereunder, under the Note or any accompanying guaranty.

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     13. ENTIRE AGREEMENT. This Agreement and other Loan Documents contain the
entire agreement of the parties with respect to its subject matter, supersedes
all existing agreements and all other oral, written and other communications
between the parties concerning the subject matter. This Agreement shall not be
modified in any way except by a writing signed by all parties hereto. The
parties recognize that simultaneously herewith, Debtor is executing the Note
along with such other documents necessary to implement the terms of this
Agreement as herein contemplated. The rights and benefits of the Secured Party
hereunder shall inure to the benefit of its successors and permitted assigns.

     14. ASSIGNMENT. The Debtor shall not assign, pledge, mortgage, lease,
transfer, encumber or otherwise dispose of any of its rights in the Collateral
or any part thereof, nor permit its use by anyone other than its regular
employees, without the Secured Party's prior written consent. Any such purported
transfer, assignment or other action without the Secured Party's prior written
consent shall be void. The Secured Party may not transfer or assign the Loan
Documents or any interest therein and may not mortgage, pledge, encumber or
transfer any of its rights or interest in and to the Collateral or any part
thereof without the prior written consent of Debtor, which consent will not be
unreasonably withheld or delayed. Notwithstanding the foregoing, the Secured
Party is permitted to transfer, without consent, any Loan Document and its
rights or interests therein to any entity which it controls or in which it has a
majority interest. The Debtor agrees (a) in connection with any such permitted
transfer or assignment, to provide such instruments, documents, acknowledgments
and further assurances as the Secured Party or any assignee, transferee,
mortgagee or pledgee may deem necessary or advisable to effectuate the intents
of the Loan Documents, or any such transfer or assignment, with respect to such
matters as the Loan Documents, the Collateral, the Debtor's obligations to such
assignee, transferee, mortgagee or pledgee and such other matters as may be
reasonably requested, and (b) that after receipt by the Debtor of written notice
of assignment from Secured Party or from the Secured Party's assignee,
transferee, pledgee or mortgagee, all principal, interest and other amounts
which are then and thereafter become due under the Loan Documents shall be paid
to such assignee, transferee, pledgee or mortgagee, at the place of payment
designated in such notice. The Loan Documents shall be binding upon the Debtor
and its successors and shall inure to the benefit of the Secured Party and its
successors and assigns.

     15. PERFORMANCE BY DEBTOR. Upon full payment of the Note and performance of
the obligations under the Security Agreement, this Agreement shall terminate, at
which time Secured Party shall release, reassign and redeliver to Debtor all
Collateral and related documents then in the possession of Secured Party,
including any applicable termination statements under the Uniform Commercial
Code. Notwithstanding the foregoing, if any such payment is thereafter set
aside, recovered, rescinded or required to be returned for any reason
(including, without limitation, the bankruptcy, insolvency or reorganization of
the Debtor or any other obligor), the indebtedness to which such payment was
applied shall for the purpose of this Security Agreement be deemed to have
continued in existence, notwithstanding such application, and this Security
Agreement shall be enforceable as fully as if such application had never been
made, and the parties will have all rights and obligations hereunder as if the
payment was never made and such rights and obligations were never interrupted,
including without limitation a redelivery by Debtor to Secured Party of the
Collateral.

                                       10
<PAGE>

     16. HEADING. The headings in this Agreement are solely for convenience and
reference and shall not affect interpretation.

     17. GOVERNING LAW AND JURISDICTION. This Agreement shall be governed by the
laws of the State of New York.

                                       DEBTOR:

                                       HIGH RISE ELECTRIC, INC.

                                       By:/s/
                                            Print Name:
                                                       -------------------------
                                            Title:
                                                  ------------------------------
                                            Date: August 20, 2004

                                       SECURED PARTY:

                                       GARY SEGAL

                                                  /s/
                                                  --
                                            Date:  August 20, 2004

                                       11Exhibit 10.26

                                    GUARANTY

                                                              New York, New York
                                                                 August 20, 2004

     This Guaranty, dated as of August 20, 2004, is made by DualStar
Technologies Corporation (the "Guarantor") for the benefit of Gary Segal, an
individual with an address at 101-32 101st Street, Ozone Park, New York 11416
(with its successors and assigns, the "Lender").

     The Lender and High-Rise Technologies Inc., a Delaware corporation and a
wholly owned subsidiary of the Guarantor (the "Borrower"), are parties to a
Promissory Note (the "Note") and a Security Agreement (the "Security Agreement")
of even date herewith pursuant to which the Lender has made a loan to the
Borrower. Guarantor acknowledges that it benefits from the loan from Lender to
Borrower.

     As a condition to extending such credit to the Borrower, the Lender has
required the execution and delivery of this Guaranty and a Pledge Agreement (the
"Pledge Agreement") of even date herewith, whereby the Guarantor has pledged its
entire interest in the capital stock of the Borrower to the Lender as security
for the payment of the Note.

     ACCORDINGLY, the Guarantor, in consideration of the premises and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, hereby agrees as follows:

     1. Definitions. All terms defined in the Pledge Agreement that are not
otherwise defined herein shall have the meanings given them in the Pledge
Agreement.

     2. Indebtedness Guaranteed. The Guarantor hereby absolutely and
unconditionally guarantees to the Lender the full and prompt payment when due,
whether at maturity or earlier by reason of acceleration or otherwise, each and
every sum now or hereafter owing to the Lender by the Borrower under the Note
(all of said sums being hereinafter called the "Indebtedness").

     3. Unconditional Guaranty. No act or thing need occur to establish the
liability of the Guarantor hereunder, and no act or thing, except full payment
and discharge of all of the Indebtedness, shall in any way exonerate the
Guarantor hereunder or modify, reduce, limit or release the Guarantor's
liability hereunder. This is an absolute, unconditional, irrevocable and
continuing guaranty of payment of the Indebtedness.

     4. Insolvency of Guarantor. If the Guarantor shall be or become insolvent
(however defined), then the Lender shall have the right to declare immediately
due and payable, and the Guarantor will forthwith pay to the Lender, the full
amount of all of the Indebtedness whether due and payable or unmatured. If the
Guarantor voluntarily commences or there is commenced involuntarily against the
Guarantor a case under the United States Bankruptcy Code, the full amount of all
of the Indebtedness, whether due and payable or unmatured, shall be immediately
due and payable without demand or notice thereof.

<PAGE>

     5. Guaranty.

               (a)  Guarantor shall pay all direct reasonable attorneys' fees,
                    collection costs and enforcement expenses referable thereto
                    incurred by the Lender in its collection and enforcement of
                    the Guaranty from the date the obligations of the Guarantor
                    hereunder become due and payable (collectively, the "Costs
                    and Expenses"); provided, however, if within five (5) days
                    after demand by the Lender the Guarantor pays the Lender the
                    principal balance of the Note plus all accrued interest
                    thereon from the date of such demand, then the Guarantor
                    shall not be liable to the Lender for any Costs and Expenses
                    incurred by the Lender in connection with the enforcement,
                    prosecution, defense or any proceeding or matter relating to
                    the Indebtedness.

               (b)  The Indebtedness may be created and continued in any amount,
                    whether or not in excess of such principal amount under the
                    Note, without affecting or impairing the Guarantor's
                    liability hereunder, and the Lender may pay (or allow for
                    the payment of) the excess out of any sums received by or
                    available to the Lender on account of the Indebtedness from
                    the Borrower or any other person (except the Guarantor),
                    from their properties, out of any collateral security or
                    from any other source, and such payment (or allowance) shall
                    not reduce, affect or impair the Guarantor's liability
                    hereunder. Any payment made by the Guarantor under this
                    Guaranty shall be effective to reduce or discharge such
                    liability only if accompanied by a written transmittal
                    document, received by the Lender, advising the Lender that
                    such payment is made under this Guaranty for such purpose.

     6. Subrogation. The Guarantor will not exercise or enforce any right of
contribution, reimbursement, recourse or subrogation available to the Guarantor
as to any of the Indebtedness, or against any person liable therefor, or as to
any collateral security therefor, unless and until all of the Indebtedness shall
have been fully paid and discharged.

     7. Enforcement Expenses. The Guarantor will pay or reimburse the Lender for
all direct costs, expenses and attorneys' fees paid or incurred by the Lender in
endeavoring to collect and enforce the Indebtedness and in enforcing this
Guaranty.

     8. Lender's Rights. The Lender shall not be obligated by reason of its
acceptance of this Guaranty to engage in any transactions with or for the
Borrower (except for the execution of the Note). Whether or not any existing
relationship between the Guarantor and the Borrower has been changed or ended,
the Lender may enter into transactions resulting in the creation or continuance
of the Indebtedness and may otherwise agree, consent to or suffer the creation
or continuance of any of the Indebtedness, without any consent or approval by
the Guarantor and without any prior or subsequent notice to the Guarantor. The
Guarantor's liability shall not be affected or impaired by any of the following
acts or things (which the Lender is expressly authorized to do, omit or suffer
from time to time, without consent or approval by or notice to the Guarantor):
(i) any acceptance of collateral security, guarantors, accommodation parties or
sureties for any or all of the Indebtedness; (ii) one or more extensions or
renewals of the Indebtedness (whether or not for longer than the original
period) or any modification of the interest rates, maturities, if any, or other
contractual terms applicable to any of the Indebtedness or any amendment or
modification of any of the terms or provisions of any loan agreement or other
agreement under which the Indebtedness or any part thereof arose; (iii) any
waiver or indulgence granted to the Borrower, any delay or lack of diligence in
the enforcement of the Indebtedness or any failure to institute proceedings,
file a claim, give any required notices or otherwise protect any of the
Indebtedness; (iv) any full or partial release of, compromise or settlement

<PAGE>

with, or agreement not to sue, the Borrower or any guarantor or other person
liable in respect of any of the Indebtedness; (v) any release, surrender,
cancellation or other discharge of any evidence of the Indebtedness or the
acceptance of any instrument in renewal or substitution therefor; (vi) any
failure to obtain collateral security (including rights of setoff) for the
Indebtedness, or to see to the proper or sufficient creation and perfection
thereof, or to establish the priority thereof, or to preserve, protect, insure,
care for, exercise or enforce any collateral security; or any modification,
alteration, substitution, exchange, surrender, cancellation, termination,
release or other change, impairment, limitation, loss or discharge of any
collateral security; (vii) any collection, sale, lease or disposition of, or any
other foreclosure or enforcement of or realization on, any collateral security;
(viii) any assignment, pledge or other transfer of any of the Indebtedness or
any evidence thereof; (ix) any manner, order or method of application of any
payments or credits upon the Indebtedness; and (x) any election by the Lender
under Section 1111(b) of the United States Bankruptcy Code. The Guarantor waives
any and all defenses and discharges available to a surety, guarantor or
accommodation co-obligor.

     9. Waivers by Guarantor. To the extent permitted by applicable law, the
Guarantor waives any and all defenses, claims, setoffs and discharges of the
Borrower or Guarantor pertaining to the Indebtedness, except the defense of
discharge by payment in full. Without limiting the generality of the foregoing,
the Guarantor will not assert, plead or enforce against the Lender any defense
of waiver, release, discharge or disallowance in bankruptcy, statute of
limitations, res judicata, statute of frauds, anti-deficiency statute, fraud,
incapacity, minority, usury, illegality or unenforceability which may be
available to the Borrower or Guarantor in respect of any of the Indebtedness, or
any setoff available against the Lender to the Borrower or Guarantor, whether or
not on account of a related transaction. The Guarantor expressly agrees that the
Guarantor shall be and remain liable for any deficiency remaining after
foreclosure of any mortgage or security interest securing the Indebtedness,
whether or not the liability of the Borrower or any other obligor for such
deficiency is discharged pursuant to statute or judicial decision. The liability
of the Guarantor shall not be affected or impaired by any voluntary or
involuntary liquidation, dissolution, sale or other disposition of all or
substantially all the assets, marshalling of assets and liabilities,
receivership, insolvency, bankruptcy, assignment for the benefit of creditors,
reorganization, arrangement, composition or readjustment of, or other similar
event or proceeding affecting, the Borrower or any of its assets. The Guarantor
will not assert, plead or enforce against the Lender any claim, defense or
setoff available to the Guarantor against the Borrower. The Guarantor waives
presentment, demand for payment, notice of dishonor or nonpayment and protest of
any instrument evidencing the Indebtedness. Except as otherwise provided herein,
the Lender shall not be required to resort for payment of the Indebtedness to
the Borrower or its properties, or first to enforce, realize upon or exhaust any
of the collateral security for the Indebtedness, before enforcing this Guaranty.

     10. If Payments Set Aside, etc. If any payment applied by the Lender to the
Indebtedness is thereafter set aside, recovered, rescinded or required to be
returned for any reason (including, without limitation, the bankruptcy,
insolvency or reorganization of the Borrower or any other obligor), the
Indebtedness to which such payment was applied shall for the purpose of this
Guaranty be deemed to have continued in existence, notwithstanding such
application, and this Guaranty shall be enforceable as to such Indebtedness as
fully as if such application had never been made.

<PAGE>

     11. Additional Obligation of Guarantor. The Guarantor's liability under
this Guaranty is in addition to and shall be cumulative with all other
liabilities of the Guarantor to the Lender as guarantor, surety, endorser,
accommodation co-obligor or otherwise of any of the Indebtedness or obligation
of the Borrower, without any limitation as to amount, unless the instrument or
agreement evidencing or creating such other liability specifically provides to
the contrary.

     12. Authority. Guarantor represents and warrants to the Lender that it has
the full legal right, power and authority to execute this Guaranty; that the
execution and delivery of this Guaranty has been approved and/or authorized by
all necessary parties; that none of Guarantor's obligations hereunder will
result in any breach of any provision of any agreement or instrument to which
Guarantor is a party or by which Guarantor is bound; and that any certification
of Guarantor's corporate resolutions delivered to Lender in connection with this
Guaranty shall remain in full force and effect and Lender may continue to rely
upon the same.

     13. No Duties Owed by Lender. The Guarantor acknowledges and agrees that
the Lender (i) has not made any representations or warranties with respect to,
(ii) does not assume any responsibility to the Guarantor for, and (iii) has no
duty to provide information to the Guarantor regarding, the enforceability of
any of the Indebtedness or the financial condition of the Borrower or any
guarantor. The Guarantor has independently determined the creditworthiness of
the Borrower and the enforceability of the Indebtedness and until the
Indebtedness is paid in full will independently and without reliance on the
Lender continue to make such determinations.

     14. Miscellaneous. This Guaranty shall be effective upon delivery to the
Lender, without further act, condition or acceptance by the Lender, shall be
binding upon the Guarantor and the heirs, representatives, successors and
assigns of the Guarantor and shall inure to the benefit of the Lender and its
participants, successors and assigns. The Lender may, upon the prior written
consent of Guarantor, transfer or assign this Guaranty, together with the rights
and remedies of Lender hereunder or any interest herein; provided, however, that
Lender may transfer or assign, without consent, this Guaranty together with the
rights and remedies of Lender hereunder or any interest herein, to any entity in
which Lender has a majority interest or which Lender controls. Any invalidity or
unenforceability of any provision or application of this Guaranty shall not
affect other lawful provisions and application thereof, and to this end the
provisions of this Guaranty are declared to be severable. This Guaranty may not
be waived, modified, amended, terminated, released or otherwise changed except
by a writing signed by the Guarantor and the Lender. This Guaranty shall be
governed by and construed in accordance with the substantive laws (other than
conflict laws) of the State of New York. The Guarantor hereby (i) consents to
the personal jurisdiction of the state and federal courts located in the State
of New York in connection with any controversy related to this Guaranty; (ii)
waives any argument that venue in any such forum is not convenient, (iii) agree
that any litigation initiated by the Lender or the Borrower in connection with
this Agreement or the other Loan Documents may be venued in either the State
courts located in Nassau County, New York or the United States District Court
for the Eastern District of New York; and (iv) agrees that a final judgment in
any such suit, action or proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by
law.

<PAGE>

     15. Waiver of Jury Trial. THE UNDERSIGNED HEREBY IRREVOCABLY WAIVES ALL
RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT
OF, BASED ON OR PERTAINING TO THIS GUARANTY.

     IN WITNESS WHEREOF, this Guaranty has been duly executed by the Guarantor
as of the date first written above.

                                       DUALSTAR TECHNOLOGIES
                                       CORPORATION

                                       By:  /s/
                                       Name:
                                            ------------------------------------
                                       Title:
                                            ------------------------------------

STATE OF NEW YORK   )
COUNTY OF QUEENS    )  ss.:

     On the 20th day of August, 2004, before me personally came Gregory Cuneo,
to me known, who being by me duly sworn, did depose and say that he resides at
11-30 47th Avenue, Long Island City, NY, that he is the President/Chief
Executive Officer of DualStar Technologies Corporation, the corporation
described in, and which executed, the foregoing instrument; that he knows the
seal of said corporation; that the seal affixed to said instrument is such
corporate seal; that it was so affixed by order of the board of directors of
said corporation, and that he signed his name thereto by like order.

                                                 __/s/__________________________
                                                         Notary Public

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