Document:

SECOND AMENDED FORBEARANCE AGREEMENT

            This Agreement (the "Agreement") is entered into and made this 21st
day of June 2005, by and among VITROTECH CORPORATION, a Nevada corporation
("VitroTech"), VITROCO INCORPORATED, a Nevada corporation
("VitroCo")(collectively, VitroTech and VitroCo are referred to as the
"Borrowers"), and 1568931 ONTARIO LTD., an Ontario corporation ("Lender").

            WHEREAS, (i) Lender and Borrowers entered into that certain
agreement dated September 29, 2004 (the "September 2004 Agreement") and the
Mines and Hi-Tech (as those terms are defined below) pledged certain interests
to Lender pursuant to the September 2004 Agreement and (ii) Lender and Borrowers
have executed various documents further defining the rights of Lender and
Borrowers under the September 2004 Agreement, including, without limitation,
that certain Loan and Security Agreement (the "Loan Agreement") (such documents
being referred to, collectively, as the "Loan Documents") pursuant to which the
Lender has advanced substantial funds to VitroTech and Lender has a perfected
security interest in certain assets of Borrowers, the Mine and Hi-Tech;

            WHEREAS, Lender and Borrowers entered into that certain the
forbearance agreement dated May 10, 2005 (the "Forbearance Agreement") by and
among the parties hereto and that certain amended forbearance agreement dated
May 17, 2005 (the "Amended Forbearance Agreement") by and among the parties
hereto, and the parties desire to further amend the Amended Forbearance
Agreement as set forth herein. Capitalized terms used herein but not defined
herein shall have the meaning set forth in the Amended Forbearance Agreement;

            NOW, THEREFORE, for and in consideration of the mutual promises
herein contained, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Lender and Borrowers hereby agree
as follows:

            1. At the specific request of Borrowers, Lender hereby agrees to
forbear from exercising any remedy available to Lender upon the occurrence of an
Event of Default or Default under the September 2004 Agreement and/or the Loan
Documents until the earlier of (i) September 29, 2005 or (ii) a Triggering
Event.

            2. The Lender agrees that the Borrowers assignment of (i) the
Inventory and (ii) the Borrowers accounts receivable and other forms of rights
to payment pursuant to the Amended Forbearance Agreement is null and void ab
initio and of no force and effect; provided however, Borrower acknowledges and
agrees that such Inventory and such accounts receivable and other forms of
rights to payment remain subject the September 2004 Agreement and the Loan
Documents, including, without limitation, Lender's perfected security interest
therein.

            3. Notwithstanding the foregoing, Borrowers shall (i) not grant any
rights in the Inventory to any parties other than Lender without the prior
written consent of Lender; (ii) notify Lender, in writing, by fax or such other
means as Lender shall agree to accept, of all proposed sales and shipments of
Inventory, (iii) not ship or release any Inventory unless and until Lender
consents, either in writing, by fax or such other means as Lender may elect. Any
consent required by Lender under this Agreement may be withheld by Lender in its
sole and absolute discretion.

<PAGE>

            4. For purposes hereof the term "TRIGGERING EVENT" shall be amended
to delete sub- paragraph (e) and to replace it as follows: "The breach by
Borrowers of any covenant contained in this Agreement."

            5. Borrowers hereby affirm their obligations under the Loan
Documents and the September 2004 Agreement. This Agreement does not, in any way,
waive, diminish or reduce any of the rights or remedies of Lender under the
September 2004 Agreement, any of the Loan Documents or applicable law and,
except as otherwise provided for herein, the September 2004 Agreement and the
Loan Documents shall remain unchanged and in full force and affect and Lender
shall retain, unabated, all rights conferred by law as well as those rights
contained in the September 2004 Agreement and all Loan Documents. This Agreement
together with the Amended Forbearance Agreement embodies the entire agreement of
the parties only with respect to the issuance of forbearance and there are no
contemporaneous oral agreements which in any way modify the same.

            6. Each party hereto represents to each other party herein that:

                       a. Such party is a corporation, or partnership, as the
         case may be, duly organized, legally existing, and in good standing
         under the laws of the jurisdiction of its incorporation; and

                       b. This Agreement, and each of the documents deliverable
         hereunder, will, when executed and delivered, constitute the legal,
         valid, and binding obligation of such party.

            7. Borrowers agree to cooperate with Lender and its representatives
and to allow same to be present on Borrowers' premises at all reasonable
business hours for the purpose of monitoring all aspects of Borrowers' business
and Borrowers, their officers and employees shall extend the reasonable
cooperation commensurate with sound management of Borrowers' business in
permitting Lender and its representatives to observe and gather information
about Borrowers' business, provided, however, Lender shall exercise no control
over Borrowers.

            8. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of California and applicable laws of the United
States of America.

            9. This Agreement may be executed in two or more counterparts, and
it shall not be necessary that any one counterparts be executed by all of the
parties hereto. Each fully or partially executed counterpart shall be deemed an
original, but all such counterparts taken together shall constitute but one and
the same instrument. The manual signature of any party hereto that is
transmitted to any other party by facsimile shall be deemed for all purposes to
be an original signature.

                                       2
<PAGE>

This Agreement is executed effective as of the date referenced above by duly
authorized representatives of each of the entities signatory hereto.

                                        VITROTECH CORPORATION

                                        By:
                                           -------------------------------------
                                           Glenn Easterbrook
                                           Chief Executive Officer

                                        VITROCO INCORPORATED

                                        By:
                                           -------------------------------------
                                           Glenn Easterbrook
                                           Chief Executive Officer

                                        1568931 ONTARIO LTD

                                        By:
                                           -------------------------------------
                                           Howie Fialkov

                                       3ISECURETRAC CORP.

                           Certificate of Designation,
                    Preferences and Rights of Preferred Stock
                     by Resolution of the Board of Directors
                            Providing for an Issue of
                       1,000,000 Shares of Preferred Stock
                       Designated "Series C 8% Cumulative,
                    Compounding Exchangeable Preferred Stock"

                                 --------------

      iSecureTrac Corp. (hereinafter referred to as the "Corporation"), a
Corporation organized and existing under the General Corporation Law of the
State of Delaware, in accordance with the provisions of Section 151 thereof,
DOES HEREBY CERTIFY:

      That pursuant to authority conferred upon the board of directors by the
Restated Certificate of Incorporation of said Corporation, as amended
(hereinafter referred to as the "Certificate of Incorporation"), which
authorizes the issuance of Preferred Stock, $.01 par value, of the Corporation
in one or more series, the Board of Directors adopted the following resolution:

                           RESOLVED, that pursuant to the authority vested in
                  the Board of Directors of this Corporation in accordance with
                  the provisions of the Restated Certificate of Incorporation,
                  as amended, a series of Preferred Stock, par value $.01 per
                  share, of the Corporation be and hereby is created, and that
                  the designation and number of shares thereof and the voting
                  and other powers, preferences and relative, participating,
                  optional or other rights of the shares of such series and the
                  qualifications, limitations and restrictions thereof are as
                  follows:

                       Series C 8% Cumulative, Compounding
                          Exchangeable Preferred Stock

      Section 1. Designation and Amount. There shall be a series of Preferred
Stock that shall be designated as "Series C 8% Cumulative, Compounding
Exchangeable Preferred Stock" (the "Series C Preferred Stock"). The number of
shares constituting such series shall be 1,000,000 (the "Original Issue
Amount"). Subject to Section 4(c) hereof, such number of shares may be increased
but not decreased by resolution of the Board of Directors.

                                       1
<PAGE>

      Section 2. Dividends.

            (a) Subject to the prior and superior rights of the holders of any
shares of any class or series of stock of the Corporation ranking prior and
superior to the shares of Series C Preferred Stock with respect to dividends,
the holders of shares of Series C Preferred Stock, in preference to the holders
of shares of any class or series of stock of the Corporation shall be entitled
to receive dividends compounded annually in an amount per share equal to $.88
per annum. Dividends on shares of Series C Preferred Stock shall be payable,
when, as and if declared by the Board of Directors of the Corporation out of
funds legally available therefor, yearly on the last day of June in each year
(each, a "Yearly Dividend Payment Date").

            (b) Dividends shall begin to accrue and be cumulative from the date
of issue of such shares, or unless the date of issue is a Yearly Dividend
Payment Date or is a date after the record date for the determination of holders
of shares of Series C Preferred Stock entitled to receive a yearly dividend and
before such Yearly Dividend Payment Date, in either of which events such
dividends shall begin to accrue and be cumulative from such Yearly Dividend
Payment Date. Accrued but unpaid dividends shall compound and bear interest at
8%, or the maximum interest rate allowed by law, whichever is less. Dividends
paid on the shares of Series C Preferred Stock in an amount less than the total
amount of such dividends at the time accrued and payable on such shares shall be
allocated pro rata on a share-by-share basis among all such shares at the time
outstanding. The Board of Directors may fix a record date for the determination
of holders of shares of Series C Preferred Stock entitled to receive payment of
a dividend or distribution declared thereon, which record date shall be no more
than 60 days prior to the date fixed for the payment thereof.

      Section 3. Voting Rights. The holders of shares of Series C Preferred
Stock shall have the following voting rights:

            (a) Except as otherwise required by law, by Section 3(b), Section
4(c) and Section 11 hereof, the holders of shares of Series C Preferred Stock
shall vote together with the holders of shares of the Common Stock of the
Corporation, par value $.001 per share, of the Company (the "Common Stock") on
all matters submitted to the stockholders of the Corporation and not as a
separate class, and each share of Series C Preferred Stock shall entitle the
holder thereof to 110 votes (or the equivalent amount of voting power thereof as
determined in good faith by the Board of Directors in case the Corporation shall
(i) subdivide its outstanding Common Stock into a greater number of shares, (ii)
combine its outstanding Common Stock into a smaller number of shares, (iii) pay
a dividend or make a distribution on its outstanding Common Stock in shares of
its capital stock or (iv) issue by reclassification of its outstanding Common
Stock (whether pursuant to a merger or consolidation or otherwise).
Notwithstanding the foregoing, with respect to the election of directors, the
voting rights of the holders of Series C Preferred Stock shall be limited to
those set forth in Section 3(b)(ii) hereof and such holders of Series C
Preferred Stock shall not have the additional right to vote together with the
Common Stock for the election of other directors.

            (b) The holders of shares of Series C Preferred Stock shall have the
following special director election rights:

                                       2
<PAGE>

                  (i) Immediately upon the issuance of shares of Series C
Preferred Stock (the "Original Issue Date"), the authorized number of directors
constituting the Board of Directors of the Corporation shall be seven directors.

                  (ii) From and after the Original Issue Date and until such
time as less than 500,000 shares of the Series C Preferred Stock remains
outstanding (the "Termination Date"), the holders of record of shares of Series
C Preferred Stock, voting separately as a class to the exclusion of the holders
of Common Stock, shall be entitled to elect at a meeting of stockholders or by
written consent in lieu thereof a majority of the Directors, initially being
four directors, of the Corporation (each a "Series C Preferred Stock Director").
Until the Termination Date, any Series C Preferred Stock Director who shall have
been elected pursuant to the provisions of this Section 3 may be removed at any
time without cause only by the affirmative vote of a majority in voting power of
the holders of record of shares of Series C Preferred Stock, voting separately
as a class, to the exclusion of the holders of Common Stock. Any vacancy and any
newly created directorships in a Series C Preferred Stock Director seat may be
filled only by the affirmative vote of a majority in voting power of the holders
of record of shares of Series C Preferred Stock, voting separately as a class,
to the exclusion of the holders of Common Stock. Each Series C Preferred Stock
Director shall serve until the next annual meeting of stockholders or until his
successor shall be elected and qualified, or until his or her earlier
resignation or removal, or until his or her right to hold such office terminates
pursuant to the provisions of this Section 3(b).

                  (iii) From and after the Termination Date, the holders of
shares of Series C Preferred Stock shall be divested of the foregoing special
voting rights provided by this Section 3.

                  (iv) On the Termination Date, the term of office of each of
the Series C Preferred Stock Directors, shall forthwith and without further
action, terminate, and each of the former Series C Preferred Stock Directors
shall automatically and without any further action remain on the Board of
Directors and become a member of the Board of Directors at large until the next
annual meeting of stockholders and until his or her successor shall be elected
and qualified.

      Section 4. Certain Restrictions.

            (a) Whenever quarterly dividends or other dividends or distributions
payable on shares of the Series C Preferred Stock as provided in Section 2 are
in arrears, and until all accrued and unpaid dividends and distributions,
whether or not declared, on shares of Series C Preferred Stock outstanding shall
have been paid in full, the Corporation shall not:

                  (i) declare or pay dividends on, make any other distributions
on, or redeem or purchase or otherwise acquire for consideration any shares of
stock ranking junior (either as to dividends or upon liquidation, dissolution or
winding up) to the Series C Preferred Stock;

                                       3
<PAGE>

                  (ii) declare or pay dividends on or make any other
distributions on any shares of stock ranking on a parity (either as to dividends
or upon liquidation, dissolution or winding up) with the Series C Preferred
Stock, except dividends paid ratably on the Series C Preferred Stock and all
such parity stock on which dividends are payable or in arrears in proportion to
the total amounts to which the holders of all such shares are then entitled; or

                  (iii) purchase or otherwise acquire for consideration any
shares of Series C Preferred Stock, or any shares of stock ranking on a parity
with or junior as to dividends or amounts payable upon dissolution of the
Corporation to the Series C Preferred Stock.

            (b) The Corporation shall not permit any subsidiary of the
Corporation to purchase or otherwise acquire for consideration any shares of
stock of the Corporation unless the Corporation could, under paragraph (a) of
this Section 4, purchase or otherwise acquire such shares at such time and in
such manner.

            (c) So long as the Series C Preferred Stock is outstanding, the
Corporation shall not issue or authorize for issuance shares of any class or
series of capital stock of the Corporation other than Series C Preferred Stock
or Common Stock without the affirmative vote of the holders of two-thirds of the
outstanding shares of the Series C Preferred Stock, voting separately as a
class.

      Section 5. Reacquired Shares. Any shares of Series C Preferred Stock
purchased or otherwise acquired by the Corporation in any manner whatsoever
shall be retired promptly after the acquisition thereof. All such shares upon
their retirement become authorized but unissued shares of Preferred Stock and
may be reissued as part of a new series of Preferred Stock to be created by
resolution or resolutions of the Board of Directors, subject to any conditions
and restrictions on issuance set forth herein.

      Section 6. Liquidation, Dissolution or Winding Up.

            (a) Upon any liquidation, dissolution or winding up of the
Corporation, voluntary or otherwise, no distribution shall be made to the
holders of shares of stock ranking junior (either as to dividends or upon
liquidation, dissolution or winding up) to the Series C Preferred Stock unless,
prior thereto, the holders of shares of Series C Preferred Stock shall have
received an amount per share (the "Series C Liquidation Preference") equal to
the Per Share Original Issue Price plus an amount equal to accrued and unpaid
dividends and distributions thereon, whether or not declared, to the date of
such payment, multiplied by a factor of 105%. The Per Share Original Issue Price
shall be $11.00.

                                       4
<PAGE>

            (b) In the event, however, that there are not sufficient assets
available to permit payment in full of the Series C Liquidation Preference and
the liquidation preferences of all other classes and series of stock of the
Corporation, if any, that rank on a parity with the Series C Preferred Stock in
respect thereof, then the assets available for such distribution shall be
distributed ratably to the holders of shares of Series C Preferred Stock and the
holders of such parity shares in proportion to their respective liquidation
preferences.

            (c) A merger or consolidation of the Corporation into or with
another entity shall, at the sole election by affirmative vote of the holders of
two-thirds of the outstanding shares of the Series C Preferred Stock (voting
separately as a class), be deemed to be a liquidation, dissolution or winding up
of the Corporation within the meaning of this Section 6.

      Section 7. Ranking. The Series C Preferred Stock shall rank senior to all
other series of Preferred Stock as to the payment of dividends and as to the
distribution of assets upon liquidation, dissolution or winding up, unless the
terms of any such series shall provide otherwise, and shall rank senior to the
Common Stock as to such matters.

      Section 8. Mandatory Redemption.

            (a) The Series C Preferred Stock shall not be Redeemable until the
tenth anniversary of the Original Issue Date (the "Redemption Date"). On the
Redemption Date, all but not less than all of the shares of Series C Preferred
Stock shall be redeemed in accordance with this Section 8 or exchanged in
accordance with Section 9 at the option of the holders of shares of Series C
Preferred Stock unless earlier exchanged pursuant to Section 9 or 10. If any
such holder elects to have the Corporation exchange all of such holder's
outstanding shares of Series C Preferred Stock under Section 9 in lieu of
redemption on the Redemption Date, then such holder shall surrender to the
Corporation, at its principal executive office and such office or offices, if
any, as the Board of Directors may determine, the certificate or certificates
therefor, duly endorsed or assigned to the Corporation or in blank, representing
the shares of Series C Preferred Stock to be exchanged, together with a written
notice (a "Exchange Notice") to the Corporation requesting the exchange of all
of such holder's shares of Series C Preferred Stock evidenced by such
certificate or certificates. The Exchange Notice must be delivered to the
Corporation at least 30 days prior to the Redemption Date. If a holder of shares
of Series C Preferred Stock does not elect to have such holder's shares of
Series C Preferred Stock exchanged, the stock shall be redeemed in accordance
herewith. The redemption price per share of Series C Preferred Stock shall be
the Per Share Original Issue Price, plus an amount equal to all accrued but
unpaid dividends thereon (and any interest payable thereon) to the Redemption
Date (the "Redemption Price") subject to there being lawfully available funds to
make such payment. The Redemption Price shall be payable only in cash. Upon
receipt of the certificate or certificates representing any holder's shares of
Series C Preferred Stock who has not timely elected to exchange stock pursuant
to Section 9, the Corporation shall promptly mail or deliver to the holder of
the shares represented by such certificate or certificates an amount equal to
the Redemption Price for such shares. If there are not lawfully available funds
to pay an amount equal to accrued and unpaid dividends, interest and
distributions on the Series C Preferred Stock through the Redemption Date, the
deficiency will be paid in shares of Common Stock having an aggregate Fair
Market Value equal to the amount of the deficiency.

                                       5
<PAGE>

      Section 9. Optional Exchange Rights.

            (a) Each holder of shares of Series C Preferred Stock shall have the
right, at any time and at such holder's option, to exchange all but not less
than all of such holder's shares of Series C Preferred Stock for shares of
Common Stock, warrants to purchase shares of Common Stock and cash as set forth
in this Section 9.

            (b) Each share of Series C Preferred Stock shall be exchangeable at
the principal office of the Corporation, and at such other office or offices, if
any, as the Board of Directors may designate, for (1) 47.826087 shares of
validly issued, fully paid and non-assessable shares of Common Stock (or the
equivalent value thereof as determined in good faith by the Board of Directors
in case the Corporation shall (i) subdivide its outstanding Common Stock into a
greater number of shares, (ii) combine its outstanding Common Stock into a
smaller number of shares, (iii) pay a dividend or make a distribution on its
outstanding Common Stock in shares of its capital stock or (iv) issue by
reclassification of its outstanding Common Stock (whether pursuant to a merger
or consolidation or otherwise), plus (2) a warrant to purchase 62.870447 shares
(or the equivalent value thereof as determined in good faith by the Board of
Directors in case the Corporation shall (i) subdivide its outstanding Common
Stock into a greater number of shares, (ii) combine its outstanding Common Stock
into a smaller number of shares, (iii) pay a dividend or make a distribution on
its outstanding Common Stock in shares of its capital stock or (iv) issue by
reclassification of its outstanding Common Stock (whether pursuant to a merger
or consolidation or otherwise) of Common Stock at a price of $0.23 per share
exercisable for five years following the Optional Exchange Date in a form
mutually agreeable to the holders of Series C Preferred Stock and the
Corporation, plus (3) an amount equal to accrued and unpaid dividends, interest,
and distributions on the Series C Preferred Stock, whether or not declared, to
the date of such exchange (collectively, the "Optional Exchange Price") subject
to there being lawfully available funds to make such payment. If there are not
lawfully available funds to pay an amount equal to accrued and unpaid dividends,
interest and distributions on the Series C Preferred Stock to the Optional
Exchange Date, the deficiency will be paid in shares of Common Stock having an
aggregate Fair Market Value equal to the amount of the deficiency.

            (c) Shares of Series C Preferred Stock shall be deemed to have been
exchanged immediately prior to the close of business on the day of the surrender
of the certificate or certificates for such shares for exchange in accordance
with the foregoing provisions, and the person or persons entitled to receive the
Optional Exchange Price shall be treated for all purposes as the record holder
or holders of shares of Common Stock issuable upon exchange at such time. As
promptly as practicable on or after the exchange date, the Corporation shall
issue and deliver at such office or offices aforesaid a certificate or
certificates for the number of shares of Common Stock issuable upon such
exchange, together with the warrants, and accrued but unpaid dividend, interest
and distributions payable upon exchange, to the person or persons entitled to
receive the same.

                                       6
<PAGE>

            (d) For purposes of this Section 9, the term "Optional Exchange
Date" means the date on which the shares of Series C Preferred Stock are to be
exchanged for the Optional Exchange Price by the Corporation.

            (e) For purposes of this Certificate of Designation, Preferences and
Rights of Series C 8% Cumulative, Compounding Exchangeable Preferred Stock (the
"Certificate of Designation"), the term "Business Day" means any day, other than
a Saturday, Sunday or a day on which banking institutions in the State of New
York are authorized or obligated by law or executive order to close.

            (f) For purposes of this Certificate of Designation, the term
"Closing Price" with respect to a share of Common Stock on any day means, the
last reported sale price on that day or, in case no such reported sale takes
place on such day, the average of the last reported bid and asked prices,
regular way, on that day, in either case, as reported in the consolidated
transaction reporting system with respect to securities quoted on Nasdaq or, if
the shares of Common Stock are not quoted on Nasdaq, as reported in the
principal consolidated transaction reporting system with respect to securities
listed on the principal national securities exchange on which the shares of
Common Stock are listed or admitted to trading or, if the shares of Common Stock
are not quoted on Nasdaq and not listed or admitted to trading on any national
securities exchange, the last quoted price or, if not so quoted, the average of
the high bid and low asked prices on such other nationally recognized quotation
system then in use, or, if on any such day the shares of Common Stock are not
quoted on any such quotation system, the average of the closing bid and asked
prices as furnished by a professional market maker selected by the Board of
Directors making a market in the shares of Common Stock. If the shares of Common
Stock are not publicly held or so listed, quoted or publicly traded, the term
"Closing Price" means the fair market value of a share of Common Stock, as
determined in good faith by the Board of Directors.

            (g) The Fair Market Value per share of Common Stock shall be deemed
to be the volume weighted average of the daily Closing Prices for 30 consecutive
Trading Days ending on (1) the Redemption Date for purposes of Section 8, (2)
the Optional Exchange Date for purposes of Section 9, and (3) the Mandatory
Exchange Date for purposes of Section 10.

            (h) For purposes of this Certificate of Designation, the term
"Trading Days" means any day on which Nasdaq is open for trading, or if the
shares of Common Stock are not quoted on Nasdaq, any day on which the principal
national securities exchange or national quotation system on which the shares of
Common Stock are listed, admitted to trading or quoted is open for trading, or
if the shares of Common Stock are not so listed, admitted to trading or quoted,
any Business Day.

                                       7
<PAGE>

      Section 10. Mandatory Exchange.

            (a) If at any time following the fifth anniversary of the Original
Issue Date (the "Mandatory Exchange Date") until a Termination Date, the Closing
Price of a share of Common Stock is or exceeds $2.00 per share (or the
equivalent value thereof as determined in good faith by the Board of Directors
in case the Corporation shall (i) subdivide its outstanding Common Stock into a
greater number of shares, (ii) combine its outstanding Common Stock into a
smaller number of shares, (iii) pay a dividend or make a distribution on its
outstanding Common Stock in shares of its capital stock or (iv) issue by
reclassification of its outstanding Common Stock (whether pursuant to a merger
or consolidation or otherwise) for at least 120 consecutive Trading Days then
the Board of Directors of the Corporation (with the Series C Preferred Stock
Directors abstaining from voting or any duly authorized committee thereof) may,
at its option, require the holders of the Series C Preferred Stock to exchange
all but not less than all of the then outstanding shares of Series C Preferred
Stock into shares of Common Stock, warrants to purchase shares of Common Stock
and cash as set forth in this Section 10.

            (b) Each share of Series C Preferred Stock shall be exchangeable at
the principal office of the Corporation, and at such other office or offices, if
any, as the Board of Directors may designate for (1) 47.826087 shares of validly
issued, fully paid and non-assessable shares of Common Stock (or the equivalent
value thereof as determined in good faith by the Board of Directors in case the
Corporation shall (i) subdivide its outstanding Common Stock into a greater
number of shares, (ii) combine its outstanding Common Stock into a smaller
number of shares, (iii) pay a dividend or make a distribution on its outstanding
Common Stock in shares of its capital stock or (iv) issue by reclassification of
its outstanding Common Stock (whether pursuant to a merger or consolidation or
otherwise), plus (2) a warrant to purchase 62.870447 shares of Common Stock (or
the equivalent value thereof as determined in good faith by the Board of
Directors in case the Corporation shall (i) subdivide its outstanding Common
Stock into a greater number of shares, (ii) combine its outstanding Common Stock
into a smaller number of shares, (iii) pay a dividend or make a distribution on
its outstanding Common Stock in shares of its capital stock or (iv) issue by
reclassification of its outstanding Common Stock (whether pursuant to a merger
or consolidation or otherwise) at a price of $0.23 per share exercisable for
five years following the Mandatory Exchange Date in a form mutually agreeable to
the Corporation and the holders of Series C Preferred Stock, plus (3) an amount
equal to accrued and unpaid dividends, interest and distributions on the Series
C Preferred Stock, whether or not declared, to the date of such exchange
(collectively, the "Mandatory Exchange Price") subject to there being lawfully
available funds to make such exchange. If there are not lawfully available funds
to pay an amount equal to accrued and unpaid dividends, interest and
distributions on the Series C Preferred Stock to the Mandatory Exchange Date,
the deficiency will be paid in shares of Common Stock having an aggregate Fair
Market Value equal to the amount of the deficiency.

            (c) Immediately upon the effectiveness of the action of the Board of
Directors of the Corporation ordering the exchange of all of the shares of
Series C Preferred Stock pursuant to paragraph (a) of this Section 10 and
without any further action and without any notice, all rights with respect to
the Series C Preferred Stock shall terminate and the only right thereafter of a
holder of such Series C Preferred Stock shall be to receive the Mandatory
Exchange Price. The Corporation shall promptly give public notice via press
release of any such exchange; provided, however, that the failure to give, or
any defect in, such notice shall not affect the validity of such exchange. The
Corporation shall promptly mail a notice of any such exchange to all of the
holders of the Series C Preferred Stock so exchanged at their last addresses as
they appear upon the registry books of the Corporation. Any notice which is
mailed in the manner herein provided shall be deemed given, whether or not the
holder receives the notice. Each such notice of exchange will state, in addition
to any information required by law or by the applicable rules of any exchange
upon which Series C Preferred Stock may be listed or admitted to trading: (i)
the Mandatory Exchange Date; and (ii) the place or places where certificate or
certificates for such stock are to be surrendered for exchange.

                                       8
<PAGE>

      Section 11. Amendment. At any time that any shares of Series C Preferred
Stock are outstanding, the Certificate of Incorporation of the Corporation shall
not be amended, directly or indirectly, by merger, consolidation or otherwise,
which would materially alter or change the powers, preferences or special rights
of the Series C Preferred Stock so as to affect them adversely without the
affirmative vote of the holders of two-thirds of the outstanding shares of
Series C Preferred Stock, voting separately as a class.

      Section 12. Fractional Shares. Series C Preferred Stock may be issued in
fractions of a share that shall entitle the holder, in proportion to such
holder's fractional shares, to exercise voting rights, receive dividends, and
participate in distributions and to have the benefit of all other rights of
holders of shares of Series C Preferred Stock.

                                       9
<PAGE>

      IN WITNESS WHEREOF, the Corporation has caused this certificate to be
executed by its duly authorized officer, this 17th day of June, 2005.

                                                      ISECURETRAC CORP.

                                                      /s/ Thomas E. Wharton, Jr.
                                                      --------------------------
                                                      Thomas E. Wharton, Jr.
                                                      President & CEO

                                       10

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