Document:

EXHIBIT 10AA.2

                 AMENDED AND RESTATED REVOLVING PROMISSORY NOTE

$5,000,000.00                                                     April 25, 2008

DECORATOR INDUSTRIES, INC., a Pennsylvania corporation
10011 Pines Boulevard
Suite 201
Pembroke Pines, Florida 33024
(Hereinafter referred to as "Borrower")

Wachovia Bank, National Association
225 Water Street
Jacksonville, Florida 32202
(Hereinafter referred to as "Bank")

Borrower promises to pay to the order of Bank, in lawful money of the United
States of America, at its office indicated above or wherever else Bank may
specify, the sum of Five Million and No/100 Dollars ($5,000,000.00) or such sum
as may be advanced and outstanding from time to time, with interest on the
unpaid principal balance at the rate and on the terms provided in this Amended
and Restated Revolving Promissory Note (including all renewals, extensions or
modifications hereof, this "Note").

LOAN AGREEMENT. This Note is subject to the provisions of that certain Loan
Agreement between Bank and Borrower dated as of May 24, 2006, as amended by
thereafter, and that certain First Amendment to Loan Agreement between Bank and
Borrower of even date herewith (as the same shall be amended or modified from
time to time, the "Loan Agreement").

LINE OF CREDIT. Borrower may borrow, repay and reborrow, and, upon the request
of Borrower, Bank shall advance and readvance under this Note from time to time
until June 30, 2009, unless renewed or extended by Bank in writing on terms then
satisfactory to Bank in its sole discretion (each an "Advance" and together the
"Advances"), so long as the total principal balance outstanding under this Note
at any one time does not exceed the principal amount stated on the face of this
Note, subject to the limitations described in the Loan Agreement. Bank's
obligation to make Advances under this Note shall terminate if Borrower is in
Default under this Note or under any Loan Document or in any event on June 30,
2009, unless renewed or extended by Bank in writing on terms then satisfactory
to Bank in its sole discretion. As of the date of each proposed Advance,
Borrower shall be deemed to represent that each representation made in the Loan
Documents is true as of such date.

If Borrower subscribes to Bank's cash management services and such services are
applicable to this line of credit, the terms of such service shall control the
manner in which funds are transferred between the applicable demand deposit
account and the line of credit for credit or debit to the line of credit.

USE OF PROCEEDS. Borrower shall use the proceeds of the loan evidenced by this
Note for working capital support, general corporate purposes and to support
acquisition financing needs.

INTEREST RATE. Interest shall accrue on the unpaid principal balance of this
Note from the date hereof at the LIBOR Market Index Rate plus 1.50%, as that
rate may change from day to day in accordance with changes in the LIBOR Market
Index Rate ("Interest Rate"). "LIBOR Market Index Rate", for any day, means the
rate for 1 month U.S. dollar deposits as reported on Telerate page 3750 as of
11:00 a.m., London time, on such day, or if such day is not a London business
day, then the immediately preceding London business day (or if not so reported,
then as determined by Bank from another recognized source or interbank
quotation). At any time that the "Senior Funded Debt to EBITDA Ratio" (as
defined in the

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Loan Agreement) exceeds 2.75 to 1.00, as determined by Bank in its sole and
absolute discretion, Interest shall thereafter accrue on the unpaid principal
balance of this Note, from the date of determination, at the LIBOR Market Rate
plus 2.75%, as that rate may change from day to day in accordance with changes
in the LIBOR Market Index Rate.

DEFAULT RATE. In addition to all other rights contained in this Note, if a
Default (as defined herein) occurs and as long as a Default continues, all
outstanding Obligations, other than Obligations under any swap agreements (as
defined in 11 U.S.C. ss. 101, as in effect from time to time) between Borrower
and Bank or its affiliates, shall bear interest at the Interest Rate plus 3%
("Default Rate"). The Default Rate shall also apply from acceleration until the
Obligations or any judgment thereon is paid in full.

INTEREST AND FEE(S) COMPUTATION (ACTUAL/360). Interest and fees, if any, shall
be computed on the basis of a 360-day year for the actual number of days in the
applicable period ("Actual/360 Computation"). The Actual/360 Computation
determines the annual effective interest yield by taking the stated (nominal)
rate for a year's period and then dividing said rate by 360 to determine the
daily periodic rate to be applied for each day in the applicable period.
Application of the Actual/360 Computation produces an annualized effective rate
exceeding the nominal rate.

REPAYMENT TERMS/MATURITY. This Note shall be due and payable in consecutive
monthly payments of accrued interest only, commencing on May 25, 2008, and
continuing on the 25th day of each month thereafter until fully paid. In any
event, all principal and accrued interest shall be due and payable on June 30,
2009 (the "Maturity Date").

APPLICATION OF PAYMENTS. Monies received by Bank from any source for application
toward payment of the Obligations shall be applied to accrued interest and then
to principal. If a Default occurs, monies may be applied to the Obligations in
any manner or order deemed appropriate by Bank.If any payment received by Bank
under this Note or other Loan Documents is rescinded, avoided or for any reason
returned by Bank because of any adverse claim or threatened action, the returned
payment shall remain payable as an obligation of all persons liable under this
Note or other Loan Documents as though such payment had not been made.

DEFINITIONS. LOAN DOCUMENTS. The term "Loan Documents", as used in this Note and
the other Loan Documents, refers to all documents executed in connection with or
related to the loan evidenced by this Note and any prior notes which evidence
all or any portion of the loan evidenced by this Note, and any letters of credit
issued pursuant to any loan agreement to which this Note is subject, any
applications for such letters of credit and any other documents executed in
connection therewith or related thereto, and may include, without limitation,
the Loan Agreement, this Note, guaranty agreements, security instruments,
financing statements, mortgage instruments, any renewals or modifications,
whenever any of the foregoing are executed, but does not include swap agreements
(as defined in 11 U.S.C. ss. 101, as in effect from time to time). OBLIGATIONS.
The term "Obligations", as used in this Note and the other Loan Documents,
refers to any and all indebtedness and other obligations under this Note, all
other obligations under any other Loan Document(s), and all obligations under
any swap agreements (as defined in 11 U.S.C. ss. 101, as in effect from time to
time) between Borrower and Bank, or its affiliates, whenever executed. CERTAIN
OTHER TERMS. All terms that are used but not otherwise defined in any of the
Loan Documents shall have the definitions provided in the Uniform Commercial
Code.

LATE CHARGE. If any payments are not timely made, Borrower shall also pay to
Bank a late charge equal to 5% of each payment past due for 10 or more days.
This late charge shall not apply to payments due at maturity or by acceleration
hereof, unless such late payment is in an amount not greater than the highest
periodic payment due hereunder.

Acceptance by Bank of any late payment without an accompanying late charge shall
not be deemed a waiver of Bank's right to collect such late charge or to collect
a late charge for any subsequent late payment received.

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ATTORNEYS' FEES AND OTHER COLLECTION COSTS. Borrower shall pay all of Bank's
reasonable expenses actually incurred to enforce or collect any of the
Obligations including, without limitation, reasonable arbitration, paralegals',
attorneys' and experts' fees and expenses, whether incurred without the
commencement of a suit, in any trial, arbitration, or administrative proceeding,
or in any appellate or bankruptcy proceeding.

USURY. If at any time the effective interest rate under this Note would, but for
this paragraph, exceed the maximum lawful rate, the effective interest rate
under this Note shall be the maximum lawful rate, and any amount received by
Bank in excess of such rate shall be applied to principal and then to fees and
expenses, or, if no such amounts are owing, returned to Borrower.

DEFAULT. If any of the following occurs, a default ("Default") under this Note
shall exist: NONPAYMENT; NONPERFORMANCE. The failure of timely payment or
performance of the Obligations or Default under this Note or any other Loan
Documents. FALSE WARRANTY. A warranty or representation made or deemed made in
the Loan Documents or furnished Bank in connection with the loan evidenced by
this Note proves materially false, or if of a continuing nature, becomes
materially false. CROSS DEFAULT. At Bank's option, any default in payment or
performance of any obligation under any other loans, contracts or agreements of
Borrower, any Subsidiary or Affiliate of Borrower, any general partner of or the
holder(s) of the majority ownership interests of Borrower with Bank or its
affiliates ("Affiliate" shall have the meaning as defined in 11 U.S.C. ss. 101,
as in effect from time to time, except that the term "Borrower" shall be
substituted for the term "Debtor" therein; "Subsidiary" shall mean any business
in which Borrower holds, directly or indirectly, a controlling interest).
CESSATION; BANKRUPTCY. The dissolution of, termination of existence of, loss of
good standing status by, appointment of a receiver for, assignment for the
benefit of creditors of, or commencement of any bankruptcy or insolvency
proceeding by or against Borrower, its Subsidiaries or Affiliates, if any, or
any party to the Loan Documents. MATERIAL CAPITAL STRUCTURE OR BUSINESS
ALTERATION. Without prior written consent of Bank, (i) a material alteration in
the kind or type of Borrower's business or that of Borrower's Subsidiaries or
Affiliates, if any; (ii) the sale of substantially all of the business or assets
of Borrower, any of Borrower's Subsidiaries or Affiliates or any guarantor, or a
material portion (10% or more) of such business or assets if such a sale is
outside the ordinary course of business of Borrower, or any of Borrower's
Subsidiaries or Affiliates or any guarantor, or more than 50% of the outstanding
stock or voting power of or in any such entity in a single transaction or a
series of transactions; (iii) the acquisition of substantially all of the
business or assets or more than 50% of the outstanding stock or voting power of
any other entity; or (iv) should any Borrower or any of Borrower's Subsidiaries
or Affiliates or any guarantor enter into any merger or consolidation. MATERIAL
ADVERSE CHANGE. Bank determines in good faith, in its sole discretion, that the
prospects for payment or performance of the Obligations are impaired or there
has occurred a material adverse change in the business or prospects of Borrower,
financial or otherwise.

REMEDIES UPON DEFAULT. If a Default occurs under this Note or any Loan
Documents, Bank may at any time thereafter, take the following actions: BANK
LIEN. Foreclose its security interest or lien against Borrower's accounts
without notice. ACCELERATION UPON DEFAULT. Accelerate the maturity of this Note
and, at Bank's option, any or all other Obligations, other than Obligations
under any swap agreements (as defined in 11 U.S.C. ss. 101, as in effect from
time to time) between Borrower and Bank, or its affiliates, which shall be due
in accordance with and governed by the provisions of said swap agreements;
whereupon this Note and the accelerated Obligations shall be immediately due and
payable; provided, however, if the Default is based upon a bankruptcy or
insolvency proceeding commenced by or against Borrower or any guarantor or
endorser of this Note, all Obligations (other than Obligations under any swap
agreement as referenced above) shall automatically and immediately be due and
payable. CUMULATIVE. Exercise any rights and remedies as provided under the Note
and other Loan Documents, or as provided by law or equity.

FINANCIAL AND OTHER INFORMATION. Borrower shall deliver to Bank such information
as Bank may reasonably request from time to time, including without limitation,
financial statements and information pertaining to Borrower's financial
condition. Such information shall be true, complete, and accurate.

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WAIVERS AND AMENDMENTS. No waivers, amendments or modifications of this Note and
other Loan Documents shall be valid unless in writing and signed by an officer
of Bank. No waiver by Bank of any Default shall operate as a waiver of any other
Default or the same Default on a future occasion. Neither the failure nor any
delay on the part of Bank in exercising any right, power, or remedy under this
Note and other Loan Documents shall operate as a waiver thereof, nor shall a
single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or remedy.
Except to the extent otherwise provided by the Loan Documents or prohibited by
law, each Borrower and each other person liable under this Note waives
presentment, protest, notice of dishonor, demand for payment, notice of
intention to accelerate maturity, notice of acceleration of maturity, notice of
sale and all other notices of any kind. Further, each agrees that Bank may (i)
extend, modify or renew this Note or make a novation of the loan evidenced by
this Note, and/or (ii) grant releases, compromises or indulgences with respect
to any collateral securing this Note, or with respect to any Borrower or other
person liable under this Note or any other Loan Documents, all without notice to
or consent of each Borrower and other such person, and without affecting the
liability of each Borrower and other such person; provided, Bank may not extend,
modify or renew this Note or make a novation of the loan evidenced by this Note
without the consent of the Borrower, or if there is more than one Borrower,
without the consent of at least one Borrower; and further provided, if there is
more than one Borrower, Bank may not enter into a modification of this Note
which increases the burdens of a Borrower without the consent of that Borrower.

MISCELLANEOUS PROVISIONS. ASSIGNMENT. This Note and the other Loan Documents
shall inure to the benefit of and be binding upon the parties and their
respective heirs, legal representatives, successors and assigns. Bank's
interests in and rights under this Note and the other Loan Documents are freely
assignable, in whole or in part, by Bank. In addition, nothing in this Note or
any of the other Loan Documents shall prohibit Bank from pledging or assigning
this Note or any of the other Loan Documents or any interest therein to any
Federal Reserve Bank. Borrower shall not assign its rights and interest
hereunder without the prior written consent of Bank, and any attempt by Borrower
to assign without Bank's prior written consent is null and void. Any assignment
shall not release Borrower from the Obligations. APPLICABLE LAW; CONFLICT
BETWEEN DOCUMENTS. This Note and, unless otherwise provided in any other Loan
Document, the other Loan Documents shall be governed by and construed under the
laws of the state named in Bank's address on the first page hereof without
regard to that state's conflict of laws principles. If the terms of this Note
should conflict with the terms of any loan agreement or any commitment letter
that survives closing, the terms of this Note shall control. BORROWER'S
ACCOUNTS. Except as prohibited by law, Borrower grants Bank a security interest
in all of Borrower's accounts with Bank and any of its affiliates. SWAP
AGREEMENTS. All swap agreements (as defined in 11 U.S.C. ss. 101, as in effect
from time to time), if any, between Borrower and Bank or its affiliates are
independent agreements governed by the written provisions of said swap
agreements, which will remain in full force and effect, unaffected by any
repayment, prepayment, acceleration, reduction, increase or change in the terms
of this Note, except as otherwise expressly provided in said written swap
agreements, and any payoff statement from Bank relating to this Note shall not
apply to said swap agreements except as otherwise expressly provided in such
payoff statement. JURISDICTION. Borrower irrevocably agrees to non-exclusive
personal jurisdiction in the state named in Bank's address on the first page
hereof. SEVERABILITY. If any provision of this Note or of the other Loan
Documents shall be prohibited or invalid under applicable law, such provision
shall be ineffective but only to the extent of such prohibition or invalidity,
without invalidating the remainder of such provision or the remaining provisions
of this Note or other such document. NOTICES. Any notices to Borrower shall be
sufficiently given, if in writing and mailed or delivered to the Borrower's
address shown above or such other address as provided hereunder, and to Bank, if
in writing and mailed or delivered to Wachovia Bank, National Association, Mail
Code VA7628, P. O. Box 13327, Roanoke, VA 24040 or Wachovia Bank, National
Association, Mail Code VA7628, 10 South Jefferson Street, Roanoke, VA 24011 or
such other address as Bank may specify in writing from time to time. Notices to
Bank must include the mail code. In the event that Borrower changes Borrower's
address at any time prior to the date the Obligations are paid in full, Borrower
agrees to promptly give written notice of said change of address by registered
or certified mail, return receipt requested, all charges prepaid. PLURAL;
CAPTIONS. All references in the Loan Documents to Borrower, guarantor, person,
document or other nouns of reference mean both the singular and plural form, as
the

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case may be, and the term "person" shall mean any individual, person or entity.
The captions contained in the Loan Documents are inserted for convenience only
and shall not affect the meaning or interpretation of the Loan Documents.
ADVANCES. Bank may, in its sole discretion, make other advances which shall be
deemed to be advances under this Note, even though the stated principal amount
of this Note may be exceeded as a result thereof. POSTING OF PAYMENTS. All
payments received during normal banking hours after 2:00 p.m. local time at the
office of Bank first shown above shall be deemed received at the opening of the
next banking day. JOINT AND SEVERAL OBLIGATIONS. If there is more than one
Borrower, each is jointly and severally obligated. FEES AND TAXES. Borrower
shall promptly pay all documentary, intangible recordation and/or similar taxes
on this transaction whether assessed at closing or arising from time to time.

LIMITATION ON LIABILITY; WAIVER OF PUNITIVE DAMAGES. EACH OF THE PARTIES HERETO,
INCLUDING BANK BY ACCEPTANCE HEREOF, AGREES THAT IN ANY JUDICIAL, MEDIATION OR
ARBITRATION PROCEEDING OR ANY CLAIM OR CONTROVERSY BETWEEN OR AMONG THEM THAT
MAY ARISE OUT OF OR BE IN ANY WAY CONNECTED WITH THIS AGREEMENT, THE LOAN
DOCUMENTS OR ANY OTHER AGREEMENT OR DOCUMENT BETWEEN OR AMONG THEM OR THE
OBLIGATIONS EVIDENCED HEREBY OR RELATED HERETO, IN NO EVENT SHALL ANY PARTY HAVE
A REMEDY OF, OR BE LIABLE TO THE OTHER FOR, (1) INDIRECT, SPECIAL OR
CONSEQUENTIAL DAMAGES OR (2) PUNITIVE OR EXEMPLARY DAMAGES. EACH OF THE PARTIES
HEREBY EXPRESSLY WAIVES ANY RIGHT OR CLAIM TO PUNITIVE OR EXEMPLARY DAMAGES THEY
MAY HAVE OR WHICH MAY ARISE IN THE FUTURE IN CONNECTION WITH ANY SUCH
PROCEEDING, CLAIM OR CONTROVERSY, WHETHER THE SAME IS RESOLVED BY ARBITRATION,
MEDIATION, JUDICIALLY OR OTHERWISE. PATRIOT ACT NOTICE. To help fight the
funding of terrorism and money laundering activities, Federal law requires all
financial institutions to obtain, verify, and record information that identifies
each person who opens an account. For purposes of this section, account shall be
understood to include loan accounts. FINAL AGREEMENT. This Note and the other
Loan Documents represent the final agreement between the parties and may not be
contradicted by evidence of prior, contemporaneous or subsequent oral agreements
of the parties. There are no unwritten oral agreements between the parties.

AMENDED AND RESTATED REVOLVING PROMISSORY NOTE. This Amended and Restated
Revolving Promissory Note amends, restates, replaces, and supersedes that
certain Revolving Promissory Note dated as of May 24, 2006, made by Borrower to
the order of Bank in the original principal amount of $5,000,000.00 (the
"Original Note"). It is the intention of Borrower and Bank, that while this
Amended and Restated Revolving Promissory Note amends, restates, replaces and
supersedes the Original Note in its entirety, it is not in payment of or
satisfaction of the Original Note, but rather is the substitution of one
evidence of debt for another, without any intent to extinguish the old. Should
there be any conflict between the terms of this Amended and Restated Revolving
Promissory Note and the terms of the Original Note, the terms of this Amended
and Restated Revolving Promissory Note shall control.

WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF
BORROWER BY EXECUTION HEREOF AND BANK BY ACCEPTANCE HEREOF, KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT EACH MAY HAVE TO A TRIAL BY JURY
IN RESPECT OF ANY LITIGATION BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION
WITH THIS NOTE, THE LOAN DOCUMENTS OR ANY AGREEMENT CONTEMPLATED TO BE EXECUTED
IN CONNECTION WITH THIS NOTE, OR ANY COURSE OF CONDUCT, COURSE OF DEALING,
STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY WITH RESPECT
HERETO. THIS PROVISION IS A MATERIAL INDUCEMENT TO BANK TO ACCEPT THIS NOTE.
EACH OF THE PARTIES AGREES THAT THE TERMS HEREOF SHALL SUPERSEDE AND REPLACE ANY
PRIOR AGREEMENT RELATED TO ARBITRATION OF DISPUTES BETWEEN THE PARTIES CONTAINED
IN ANY LOAN DOCUMENT OR ANY OTHER DOCUMENT OR AGREEMENT HERETOFORE EXECUTED IN
CONNECTION WITH, RELATED TO OR BEING REPLACED, SUPPLEMENTED, EXTENDED OR
MODIFIED BY, THIS NOTE.
             [EXECUTION AND ACKNOWLEDGMENT APPEAR ON FOLLOWING PAGE]

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<PAGE>

IN WITNESS WHEREOF, Borrower, on the day and year first above written, has
caused this Note to be executed under seal.

DECORATOR INDUSTRIES, INC., a Pennsylvania corporation
By: /s/ Michael K. Solomon(SEAL)
    -------------------------------------------
    Michael K. Solomon, Chief Financial Officer

STATE OF GEORGIA           )
                           )ss:
COUNTY OF CHATHAM          )
The foregoing instrument was acknowledged before me this 25 day of April, 2008,
by Michael K. Solomon, as Chief Financial Officer of DECORATOR INDUSTRIES, INC.,
a Pennsylvania corporation, on behalf of the corporation. Such individual is
personally known to me or produced _______________ as identification.

Print or Stamp Name:__________________________
Notary Public, State of Georgia
Commission Number:__________________________
My Commission Expires:_______________________

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<PAGE>

                        FIRST AMENDMENT TO LOAN AGREEMENT

THIS FIRST AMENDMENT TO LOAN AGREEMENT (the "Agreement") is entered into as of
April 25, 2008, by DECORATOR INDUSTRIES, INC., a Pennsylvania corporation (the
"Borrower") and WACHOVIA BANK, NATIONAL ASSOCIATION (the "Bank").

                                    RECITALS

A. Borrower requested and Bank agreed to make a $1,000,000.00 loan and a
$5,000,000.00 line of credit to Borrower (collectively, the "Loan"), as
evidenced by that certain Promissory Note dated as of May 24, 2006, from
Borrower in favor of Bank in the original principal amount of $1,000,000.00 (the
"$1,000,000.00 Note") and that certain Revolving Promissory Note dated as of May
24, 2006, executed by Borrower in favor of Bank in the original principal amount
of $5,000,000.00 (the "$5,000,000.00 Note"). In connection with the execution of
the $1,000,000.00 Note and the $5,000,000.00 Note, Borrower and Bank entered
into that certain Loan Agreement dated as of May 24, 2006 (the "Loan
Agreement").

B. Borrower subsequently paid off the $1,000,000.00 Note in full.

C. Borrower has now requested and Bank has agreed to modify the $5,000,000.00
Note as evidenced by that certain Amended and Restated Revolving Promissory Note
dated as of even date herewith from Borrower in favor of Bank in the original
principal amount of $5,000,000.00 (as the same may be amended, restated,
modified or replaced from time to time, the "Amended and Restated $5,000,000.00
Note"). The Amended and Restated $5,000,000.00 Note amends, restates, replaces
and supersedes the $5,000,000.00 Note in its entirety.

D. The Loan Agreement, as modified by this Agreement, is hereinafter referred to
as the "Loan Agreement". The Amended and Restated $5,000,000.00 Note, the Loan
Agreement, and all other documents executed in connection therewith are
hereinafter referred to collectively as the "Loan Documents". Capitalized terms
not otherwise defined herein shall have the meaning ascribed thereto in the Loan
Agreement.

E. Bank is willing to modify the Loan subject to Borrower giving Bank the
representations, assurances and other agreements hereinafter set forth.

                              W I T N E S S E T H:

In consideration of Bank's continued extension of credit and the agreements
contained herein, the parties agree as follows:

                  1.       The Recitals contained hereinabove are true and
correct and are made a part hereof.

                  2.       Borrower acknowledges that, as of April 4, 2008, the
outstanding principal balance of the $5,000,000.00 Note is $1,792,000.00.

                  3.       Any reference in the Loan Agreement or other Loan
Documents to the "Note" shall mean the "Amended and Restated $5,000,000.00 Note"
(as defined in Recital "C" above), as the same may be amended, restated,
extended, modified or renewed from time to time.

                  4.       The Loan Agreement is hereby amended by deleting the
"FINANCIAL COVENANT" entitled "Senior Funded Debt to EBITDA Ratio" in its
entirety and substituting the following in lieu thereof:

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SENIOR FUNDED DEBT TO EBITDA RATIO. Borrower shall, at all times maintain, a
Senior Funded Debt to EBITDA Ratio of not more than 2.75 to 1.00. This covenant
shall be calculated quarterly, on a rolling four quarters basis, upon the Bank's
receipt of the annual and periodic financial statements required herein. "Senior
Funded Debt to EBITDA Ratio" shall mean (i) the sum of all Senior Funded Debt
divided by (ii) the sum of earnings before interest, taxes, depreciation and
amortization. "Senior Funded Debt" shall mean, as applied to any person or
entity, the sum of all indebtedness for borrowed money, including, without
limitation, capital lease obligations and unreimbursed drawings under letters of
credit, or any obligation evidenced by a note, bond, debenture or other
agreement of that person or entity, excluding any debt fully subordinated to
Bank on terms and conditions acceptable to Bank. If at any time the Senior
Funded Debt to EBITDA Ratio exceeds 2.75 to 1.00, then Interest under the Note
shall accrue, from the date of determination, at the applicable Interest Rate
set forth in the Note.

                  5.       Borrower has previously paid Bank a fee of $11,250.00
in connection with the execution of this Agreement.

                  6.       Borrower acknowledges, represents and confirms to
Bank that: (i) the Loan Agreement, the Amended and Restated $5,000,000.00 Note,
and the other Loan Documents are valid and binding upon Borrower and enforceable
in accordance with the terms thereof; (ii) all of the terms, covenants,
conditions, representations, warranties and agreements contained in the Loan
Agreement, the Amended and Restated $5,000,000.00 Note and the other Loan
Documents are hereby ratified and confirmed in all respects; (iii) there are no
defenses, set-offs, counterclaims, cross-actions or equities in favor of
Borrower to or against the enforcement of the Amended and Restated $5,000,000.00
Note or any other Loan Document, (iv) no payments of interest or any other
charges have been made to Bank or paid by Borrower in connection with any
indebtedness evidenced by the Amended and Restated $5,000,000.00 Note which
would result in the computation or earning of interest in excess of the maximum
rate of interest which is legally permitted under the laws of the State of
Florida or federal law, in effect from time to time, whichever is the highest,
(vi) Bank in under no obligation to further amend or modify the Loan Agreement,
the Amended and Restated $5,000,000.00 Note, or the other Loan Documents, and
(vii) no default now exists under the Loan Agreement, the Amended and Restated
$5,000,000.00 Note or the other Loan Documents.

                  7.       Except as amended by this Agreement, no term or
condition of the Loan and Agreement or the other Loan Documents shall be
modified and the same shall remain in full force and effect; provided, however,
if any provision of this Agreement is in conflict with, or inconsistent with,
any provision in the Loan Agreement or the other Loan Documents, then the
provision contained in this Agreement shall govern and control.

                  8.       This Agreement shall be binding upon, and shall inure
to the benefit of, the respective successors and assigns of the parties hereto.

                  9. This Agreement may be executed in one or more counterparts,
each of which shall be deemed an original. Said counterparts shall constitute
but one and the same instrument and shall be binding upon each of the
undersigned individually as fully and completely as if all had signed but one
instrument so that the joint and several liability of each of the undersigned
shall be unaffected by the failure of any of the undersigned to execute any or
all of said counterparts.

                  10. AS A MATERIAL INDUCEMENT FOR BANK TO EXECUTE THIS
AGREEMENT, BORROWER DOES HEREBY RELEASE, WAIVE, DISCHARGE, COVENANT NOT TO SUE,
ACQUIT, SATISFY AND FOREVER DISCHARGE BANK ITS OFFICERS, DIRECTORS, EMPLOYEES,
AND AGENTS AND ITS AFFILIATES AND ASSIGNS FROM ANY AND ALL LIABILITY, CLAIMS,
COUNTERCLAIMS, DEFENSES, ACTIONS, CAUSES OF ACTION, SUITS, CONTROVERSIES,
AGREEMENTS, PROMISES AND DEMANDS WHATSOEVER IN LAW OR IN EQUITY WHICH THE
BORROWER EVER HAD, NOW HAS, OR WHICH ANY PERSONAL REPRESENTATIVE, SUCCESSOR,
HEIR OR ASSIGN OF BORROWER HEREAFTER CAN, SHALL

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OR MAY HAVE AGAINST BANK, ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS, AND
ITS AFFILIATES AND ASSIGNS, FOR, UPON OR BY REASON OF ANY MATTER, CAUSE OR THING
WHATSOEVER THROUGH THE DATE THAT THIS AGREEMENT IS EXECUTED. BORROWER FURTHER
EXPRESSLY AGREES THAT THE FOREGOING RELEASE AND WAIVER AGREEMENT IS INTENDED TO
BE AS BROAD AND INCLUSIVE AS PERMITTED BY THE LAWS OF THE STATE OF FLORIDA.

                  11.      WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY
APPLICABLE LAW, BORROWER BY EXECUTION HEREOF AND BANK BY ACCEPTANCE HEREOF,
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHT THEY MAY HAVE TO A
TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON, OR ARISING OUT OF, UNDER OR
IN CONNECTION WITH THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY AGREEMENT
CONTEMPLATED TO BE EXECUTED IN CONNECTION WITH THIS AGREEMENT, OR ANY COURSE OF
CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF
ANY PARTY WITH RESPECT HERETO. THIS PROVISION IS A MATERIAL INDUCEMENT TO BANK
TO ACCEPT THIS AGREEMENT.

BORROWER AND BANK AGREE THAT THEY SHALL NOT HAVE A REMEDY OF PUNITIVE OR
EXEMPLARY DAMAGES AGAINST THE OTHER IN ANY DISPUTE AND HEREBY WAIVE ANY RIGHT OR
CLAIM TO PUNITIVE OR EXEMPLARY DAMAGES THEY HAVE NOW OR WHICH MAY ARISE IN THE
FUTURE IN CONNECTION WITH ANY DISPUTE WHETHER THE DISPUTE IS RESOLVED BY
ARBITRATION OR JUDICIALLY.

         11.      WAIVER OF BANKRUPTCY STAY. BORROWER HEREBY AGREES, IN
CONSIDERATION OF THE RECITALS AND MUTUAL COVENANTS CONTAINED HEREIN, AND FOR
OTHER GOOD AND VALUABLE CONSIDERATION, INCLUDING THE FORBEARANCE OF BANK FROM
GOING TO TRIAL AND EXERCISING THEIR OTHER RIGHTS AND REMEDIES OTHERWISE
AVAILABLE TO IT, THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED,
THAT IN THE EVENT THAT BORROWER SHALL FILE WITH ANY BANKRUPTCY COURT OF
COMPETENT JURISDICTION OR BE THE SUBJECT OF ANY PETITION UNDER TITLE 11 OF THE
UNITED STATES CODE THE AUTOMATIC STAY IMPOSED BY SECTION 362 OF TITLE 11 OF THE
UNITED STATES CODE IS WAIVED, AND SUCH WAIVER CONSTITUTES "CAUSE" PURSUANT TO 11
U.S.C. SECTION 362(d)(1) FOR THE IMMEDIATE LIFTING OF THE AUTOMATIC STAY IN
FAVOR OF BANK, AND BORROWER HEREBY KNOWINGLY AND IRREVOCABLY WAIVES ALL DEFENSES
AND OBJECTIONS TO SUCH LIFTING OF THE AUTOMATIC STAY.
                          [CONTINUES ON FOLLOWING PAGE]

                                     Page 3

<PAGE>

IN WITNESS WHEREOF, the undersigned have signed and sealed this Agreement the
day and year first above written.

BORROWER:
DECORATOR INDUSTRIES, INC., a Pennsylvania corporation
By: /s/ Michael K. Solomon
-------------------------------------------
Michael K. Solomon, Chief Financial Officer

STATE OF GEORGIA            )
                            )SS:
COUNTY OF CHATHAM           )
The foregoing instrument was acknowledged before me this 25 day of April, 2008,
by Michael K. Solomon, as Chief Financial Officer of DECORATOR INDUSTRIES, INC.,
a placeStatePennsylvania corporation, on behalf of the corporation. He is
personally known to me or has produced a ______________________ as
identification.

Print or Stamp Name: __________________
Notary Public, State of Georgia
Commission No.:_______________________
My Commission Expires:_________________
                          [CONTINUES ON FOLLOWING PAGE]

                                     Page 4

<PAGE>

BANK:
WACHOVIA BANK, NATIONAL ASSOCIATION
By: /s/ Douglas E. Roberts
-----------------------------------------
Douglas E. Roberts, Senior Vice President
STATE OF FLORIDA     )
                     )SS:
COUNTY OF BROWARD    )
The foregoing instrument was acknowledged before me this 25 day of April, 2008,
by Douglas E. Roberts, as Senior Vice President of WACHOVIA BANK, NATIONAL
ASSOCIATION, on behalf of the bank. He is personally known to me or has produced
a ______________________ as identification.

Print or Stamp Name: ___________________
Notary Public, State of Florida
Commission No.:_______________________
My Commission Expires:_________________

                                     Page 5Exhibit 10.1

Exhibit 10.1

NON-EXCLUSIVE LICENSE AGREEMENT

THIS NON-EXCLUSIVE LICENSE AGREEMENT (this “Agreement”) is made and entered into as of November 9, 2007 (“Effective Date”) by and between Aegis Assessments, Inc., a Delaware corporation (“Aegis”), and Sentinel Emergency Response Technology, Inc., a Nevada corporation (“Licensee”).

RECITALS

WHEREAS, Aegis is the rightful and sole owner of certain intellectual property, including, without limitation, patents issued, patent applications, trademarks, know-how, data, discoveries, inventions and technical information; and

WHEREAS, Licensee desires to acquire non-exclusive worldwide rights to the Intellectual Property Rights (defined below) in accordance with the terms and conditions hereinafter set forth.

NOW, THEREFORE, intending to be legally bound upon the terms, conditions and mutual covenants hereinafter set forth, the parties hereto agree as follows:

ARTICLE 1

DEFINITIONS

Unless otherwise provided in this Agreement, the following terms when used with initial capital letters shall have the meaning set forth below: 

1.1

 “Intellectual Property Rights” means, collectively, with respect to Aegis, all of the following worldwide intangible legal rights of Aegis, including those existing or acquired by ownership, license, contract or other legal operation, whether or not filed, perfected, registered or recorded and whether now or hereafter existing, filed, issued or acquired: (i) patents, patent applications, and patent rights, including any and all continuations, continuations-in-part, divisions, reissues, revisions, reexaminations or extensions thereof; (ii) inventions (whether patentable or not in any country and whether or not reduced to practice), invention disclosures, industrial designs, improvements, trade secrets, proprietary information, know-how, technology and technical data; (iii) rights associated with works of authorship (including audiovisual works), including, without limitation, copyrights, copyright applications and copyright registrations and renewals in connection therewith, moral rights, database rights, mask work rights, mask work applications and mask work applications and registrations and renewals in connection therewith; (iv) rights in trade secrets, including, without limitation, ideas, research and development, know-how, formulas, compositions, manufacturing and production processes and techniques, methodologies, technical data, designs, drawings, specifications, models, pricing and cost information, business and marketing plans and proposals, rights in industrial property, customer, vendor and prospect lists and all associated information or databases and other confidential or proprietary information, and all rights relating to the protection of the same, including, without limitation, rights under nondisclosure agreements; (v) any other proprietary rights in technology, 

1

including software, firmware, all scripts and source and object code (including descriptions, flow charts and other work product used to design, organize or develop such computer software and any related documentation), algorithms, architecture, structure, display screens, layouts, inventions, development tools and all documentation and media constituting, describing or relating to the above, including, without limitation, manuals, memoranda, records, business information, or trade marks, trade dress or names, anywhere in the world; (vi) any rights analogous thereto in the preceding clauses and any other proprietary rights relating to intangible property, including, without limitation, brand names, trademarks, service marks, domain names, trademark and service mark registrations and applications therefore and renewals in connection therewith, trade names, corporate names, logos, rights in trade dress and packaging, together with all translations, adaptations, derivations and combinations thereof, and all goodwill associated with the same; (vii) all rights to sue or make any claims for any past, present or future infringement, misappropriation or unauthorized use of any of the foregoing rights and the right to all income, royalties, damages and other payments that are now or may hereafter become due or payable with respect to any of the foregoing rights, including, without limitation, damages for past, present or future infringement, misappropriation or unauthorized use thereof; (viii) rights under license agreements for the foregoing; and (ix) all intellectual property rights listed on Exhibit A attached hereto.

“Licensed Products” shall mean (i) the products set forth on Exhibit A attached hereto, and (ii) any products derived from the Intellectual Property Rights. 

“Net Revenues”

 means the gross revenues actually received by Aegis, as determined by generally accepted accounting practices (“GAAP”), in connection with licensing, maintaining and supporting the Licensed Products, (and any add-ons or ancillary products or services related to the Licensed Products) but excluding any gross revenues received by Aegis or its affiliates following the Effective Date from the sale of any other products or services of Aegis or its affiliates, including but not limited to any hardware sales, hardware and other installation, maintenance, add-ons or ancillary products or services unrelated to the Licensed Products, less the following reductions of said gross revenues:

(a)

discounts on the Licensed Products (and any add-ons or ancillary products or services related to the Licensed Products) allowed or given;

(b)

credits or refunds allowed for the return of rejected, outdated, damaged or returned Licensed Products (and any add-ons or ancillary products or services related to the Licensed Products);

(c)

rebates and price adjustments allowed or given with respect to the Licensed Products (and any add-ons or ancillary products or services related to the Licensed Products) and;

(d)

sales and other excise taxes and duties directly related to the sale, transportation or delivery of the Licensed Products (and any add-ons or ancillary products or services related to the Licensed Products), but only to the extent that such items are included in the gross invoice price (but not including taxes assessed against the income derived from such sale).  

Each of the items set forth in clauses (a) through (d) above shall be deducted from 

2

the gross amount received only to the extent charged against Aegis and evidenced in Aegis’s books and records of account.  Deductions shall be determined in accordance with GAAP.  If any of the Licensed Products (and any add-ons or ancillary products or services related to the Licensed Products) is sold for compensation other than cash, Net Revenues shall be calculated based on the gross list price of such Licensed Products on the date of sale.

ARTICLE 2

GRANT OF LICENSE

2.1 

Grant of License.  Subject to the terms and conditions contained in this Agreement, Aegis hereby grants to Licensee an irrevocable (other than a termination pursuant to Section 7.2 below), non-exclusive, worldwide, fully paid-up, perpetual, transferable, royalty-free, sublicensable  license to (i) make, have made, use, sell, have sold, offer for sale, import and otherwise obtain or provide Licensed Products,  (ii) use the Intellectual Property Rights and to practice the inventions covered thereby and (iii) modify, enhance, reverse engineer, decompile and otherwise make derivative works of Intellectual Property Rights and the Licensed Products; provided, however, that in no event during the term of this Agreement shall Aegis license the Intellectual Property Rights or rights with respect to Licensed Products to any individual or entity set forth on Exhibit B attached hereto.

2.2 

Retained Rights.  Aegis shall retain all rights to the Intellectual Property Rights except as set forth in this Agreement. 

2.3

Right of First Refusal.  Provided this Agreement has not been terminated pursuant to Article 7 below, if Aegis receives an offer, either written or verbal, or otherwise seeks to license, sell, convey, encumber or otherwise transfer (including by operation of law, through foreclosure, dissolution, bankruptcy or other similar process) all or any portion of the Intellectual Property Rights (“IP Sale”), Aegis shall immediately notify Licensee in writing (the “First Refusal Notice”) of such occurrence(s) and specify the material terms thereof, including the identity and address of the proposed purchaser(s), licensors or other transferees (the “Third Party Purchaser”).  Licensee shall then have the option and right of first refusal within thirty (30) calendar days of receipt of the First Refusal Notice to provide Aegis a written reply notice electing to purchase the Intellectual Property Rights under the same terms as the IP Sale.  

If Licensee elects to exercise its right of first refusal as set forth above, Aegis and Licensee shall immediately begin negotiating definitive documents and shall close the transaction as soon as is practical but in no event later than sixty (60) calendar days from the  date of Licensee’s receipt of the First Refusal Notice; provided, however, that if Licensee elects to exercise its right of first refusal, the purchase price to be paid by Licensee to Aegis shall be reduced by the lesser of (i) $1,000,000 (the “Threshold”), or (ii) the amount of the purchase price contained in the First Refusal Notice (the “Reduced Purchase Price”).

If Licensee does not elect to exercise its right of first refusal as set forth above, the Third Party Purchaser shall be required to pay directly to Licensee the lesser of the Threshold or the Reduced Purchase Price by wire transfer of immediately available funds at the closing of the IP Sale.   In the event the IP Sale is for an amount less than the Threshold, Aegis shall be 

3

required to pay directly to Licensee the difference between the Threshold and the Reduced Purchase Price by wire transfer of immediately available funds at the closing of the IP Sale.

In connection with any transfer of the Intellectual Property Rights to a third party, Aegis shall obtain the written agreement of such third party indicating that such third party agrees to be bound by the terms and provisions of this Agreement.  Any transfer of the Intellectual Property Rights in contravention of this Section 2.3 shall be null and void.  

2.4

Modifications or Improvements.  Inventions, modifications, improvements, adaptations, derivative works or additions to the Intellectual Property Rights conceived by Licensee or its directors, officers, employees, affiliates or independent contractors shall be owned exclusively by Licensee (collectively, “Licensee IP”).  To the extent any Intellectual Property Rights are necessary for the enjoyment, practice, use or other commercialization of Licensee IP, Aegis hereby grants to Licensee an irrevocable, exclusive, worldwide, fully paid-up, perpetual, transferable, royalty-free, sublicensable license to the Intellectual Property Rights which shall survive any termination of this Agreement.  Aegis shall cooperate in good faith and shall take such actions as are reasonably necessary to effect, correct or make clear matters of title accordingly and to assist Licensee in the development of such further inventions, modifications, improvements, adaptations, derivative works or additions.

2.5

Competition by Licensee.  Aegis and Licensee understand and acknowledge that Licensee intends to develop and distribute radio interoperability devices, and that such activity may involve doing business with customers, prospective customers, suppliers, and other business partners that Aegis has done business with in the past.  No provision in this Agreement shall be interpreted as limiting such activity by Licensee in any way and Aegis hereby consents such actions by Licensee. 

2.6

Competition by Aegis.  For a period of two years from the Effective Date (the “Aegis Payment Period”), Aegis shall make cash payments (each such payment an “Aegis Payment”) to Licensee equal to 25% of Net Revenues resulting from the sales of the Licensed Products up to a maximum of $1,060,00 gross proceeds to Licensee.

Each Aegis Payment shall be payable by Aegis to Licensee 30 days (such date the “Aegis Payment Date”) after the last day of each calendar quarter during the Aegis Payment Period (unless such Aegis Payment is subject to a good faith dispute, in which case such Aegis Payment shall be payable within the time period provided below).  Licensee shall be entitled to no Aegis Payment for any (i) period after the Aegis Payment Period or (ii) amounts in excess of $1,060,000 gross proceeds to Licensee payable under this Section 2.6.  

Aegis shall calculate and deliver to Licensee no later than 30 days after each Aegis Payment Date the calculation of Net Revenues for the portion of the Aegis Payment Period that ended on such Aegis Payment Date and the amount of the accrued but unpaid Aegis Payment for such portion.  Each Aegis Payment shall be accompanied by a statement with the same level of detail regarding the Aegis Payment calculation as Licensee currently provides to Aegis.  Licensee shall be entitled to review the books and records of Aegis relating to the Aegis Payments (i) twice during each calendar year and (ii) once during the six month period following 

4

the last required Aegis Payment.  If Licensee, following such review, disagrees with Aegis’s determination of the Net Revenues for such portion or the corresponding accrued but unpaid Aegis Payment, Licensee shall notify Aegis in writing with a reasonable description of the basis for such disagreement within 45 days of receipt of Aegis’s calculations (an “Aegis Payment Dispute Notice”).  For a period of 20 days following Aegis’s receipt of an Aegis Payment Dispute Notice, Aegis and Licensee shall in good faith attempt to agree upon the amount of Net Revenues for the applicable Aegis Payment Period and the corresponding accrued but unpaid Aegis Payment.  If Aegis and Licensee are not able to resolve such dispute within such 20 day period, then a final and binding determination of the amount of Net Revenues for the applicable Aegis Payment Period and the corresponding accrued but unpaid Aegis Payment shall be made as soon as possible thereafter by the Scottsdale, Arizona office of an independent accounting firm (the “Independent Auditor”), provided, however, that the Independent Auditor shall not be a firm that has provided services to Aegis or Licensee in the 24-month period prior to such determination.  In the event that the Independent Auditor determines that there is a deficiency of greater than 10% in the amount of the Aegis Payment in dispute, then Aegis shall be obligated to pay the fees, costs and expenses of the Independent Auditor.  In all other events, Licensee shall pay the fees, costs and expenses of the Independent Auditor.

2.7

Power of Attorney.  Effective upon (i) Aegis filing any petition or action for relief under any bankruptcy or insolvency law or the filing of an involuntary petition for bankruptcy against Aegis, or (ii) the dissolution or cessation of operations by Aegis, Aegis hereby appoints and constitutes Licensee as its true and lawful attorney, with full power of substitution, and with full power and authority on behalf of Aegis, to take any and all actions and to execute any and all documents, statements, certificates or other papers necessary or advisable with respect to the Intellectual Property Rights as the same relates to the Licensee IP or the rights of Licensee under this Agreement. 

2.7

Deliveries.  Upon the execution of this Agreement, Aegis shall deliver to Licensee all source code and other programming, developer manuals and engineering notes related to the Intellectual Property Rights and the Licensed Products.

ARTICLE 3

LICENSE FEES AND OTHER PAYMENTS

3.1

 License Fees.  As consideration for the grant of the license hereunder, Licensee shall assume portions of certain promissory notes of Aegis (the “Promissory Notes”) as set forth on Exhibit C attached hereto pursuant to an Assignment, Assumption and Consent Agreement of even date herewith by and among Aegis, Licensee and the holders of the Promissory Notes.  

ARTICLE 4

PATENT PROSECUTION AND EXPENSES

4.1

Domestic and Foreign Patent Prosecution.  Aegis or its designated representative shall maintain the United States and any foreign patents or trademarks included in the Intellectual Property Rights and shall prosecute any patent or trademark applications included in the Intellectual Property Rights.  

4.2 

Domestic and Foreign Patent Costs.  Aegis agrees to pay all costs of filing, 

5

prosecuting, and maintaining any United States and any foreign patents, patent applications, trademarks and trademark applications included in the Intellectual Property Rights.

4.3

Licensee Domestic and Foreign Patent Prosecution Rights.  If Aegis or its designated representative shall fail to promptly comply with Section 4.1 and 4.2 above, Licensee shall have the right, including pursuant to Section 2.6 above, to take any and all actions to maintain and prosecute the United States and any foreign patents or trademarks included in the Intellectual Property Rights; provided, however, that Aegis shall pay all costs and expenses incurred by Licensee in connection with such actions. 

ARTICLE 5

INDEMNIFICATION

5.1

Third-Party Claim Indemnification.  Aegis shall indemnify and hold harmless Licensee and its directors, officers, employees, agents  and affiliates (each a “Licensee Claimant”) from and against any and all third party claims, demands, actions or causes of action, costs, liabilities, losses, costs, expenses, damages, judgments, awards, charges and amounts paid in settlement (including reasonable attorney’s fees, costs and expert witness fees) brought against such Licensee Claimant claiming that the Intellectual Property Rights or Licensed Products infringe any copyright, trademark, tradename or patent or misappropriate any trade secret of a third party (“Licensee Claims”).  In the event any third party asserts a Licensee Claim, Aegis shall promptly notify Licensee and Aegis may, at Aegis’s expense, replace or modify the Intellectual Property Rights or Licensed Products or a portion thereof with a version that is non-infringing, provided that the replacement or modified version has substantially equivalent functionality to the version being replaced.

Aegis shall have no obligation to indemnify under this Section 5.1 to the extent a Licensee Claim arises out of a Licensee Claimant’s continuing use of infringing Intellectual Property Rights or Licensed Products after Aegis has provided a non-infringing replacement with substantially equivalent functionality, and the Licensee Claimant has had a reasonable amount of time to test and implement the replacement version.

In the event a Licensee Claim is made or filed against a Licensee Claimant, the Licensee Claimant shall promptly notify Aegis of the same in writing, and Aegis shall defend, compromise, and/or settle the Licensee Claim at its expense. Aegis shall not be responsible for the expenses, including counsel fees, of the Licensee Claimant incurred after Aegis assumes defense of the Licensee Claim, but the Licensee Claimant may participate therein and retain counsel at its own expense. Aegis will not be responsible for any settlement made by Licensee or any Licensee Claimant without Aegis’ written permission, which will not be unreasonably withheld or delayed. Aegis will not consent to the entry of any judgment or enter into any settlement affecting the Licensee Claimant, to the extent that the judgment or settlement involves more than the payment of money, without the prior consent of the Licensee Claimant, which consent shall not be unreasonably withheld or delayed. Licensee and any Licensee Claimant shall provide information, assistance and authority, at Aegis’s expense, to help Aegis defend, compromise or settle such Licensee Claim.

6

5.2.

Tax Indemnification Aegis shall indemnify and hold harmless the Licensee Claimants from and against any foreign, U.S. federal, state, local, municipal or other governmental taxes, duties, levies, fees, excises or tariffs, arising as a result of or in connection with the transactions contemplated under this Agreement including, without limitation, any state or local sales or use taxes or any value added tax or business transfer tax now or hereafter imposed on or with respect to the transactions contemplated under this Agreement. All such taxes (and any penalties, interest, or other additions to any such taxes), with the exception of taxes imposed on Licensee’s net income or with respect to Licensee’s property ownership, shall be the financial responsibility of Aegis. Aegis agrees to indemnify, defend and hold the Licensee Claimants harmless from any claims, causes of action, costs (including, without limitation, reasonable attorneys’ fees) and any other liabilities of any nature whatsoever related to such taxes. This section shall govern the treatment of all taxes arising as a result of or in connection with this Agreement notwithstanding any other section of this Agreement.

ARTICLE 6

WARRANTIES AND REPRESENTATIONS

6.1

Warranties by Aegis.  Aegis represents and warrants that: (a) Aegis has full corporate power and authority to execute and deliver this Agreement and to perform Aegis’ obligations hereunder; (b) this Agreement, when executed and delivered by Aegis, shall be the legal, valid and binding obligation of Aegis, enforceable against Aegis in accordance with its terms; (c) Aegis is the sole and exclusive owner of all rights, title and interest in or to the Intellectual Property Rights, and no other person has any right or interest in or to any of the Intellectual Property Rights; (d) the Intellectual Property Rights and the Licensed Products do not infringe the proprietary rights of any third party and, to Aegis’ knowledge, no third party has infringed or is infringing upon the Intellectual Property Rights; (e) Aegis need not give any notice to, make any filing with, or obtain any authorization, consent, or approval of any other person in order to consummate the transactions contemplated by this Agreement; (f) the execution, delivery and performance of this Agreement have been duly authorized by Aegis and all necessary actions of Aegis’ Board of Directors and stockholders in connection with the execution and delivery of this Agreement and the consummations of the transactions contemplated hereby have been duly taken and are in full force and effect; and (g) neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will  conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under any agreement, contract, lease, license, instrument, or other arrangement to which Aegis is a party or by which it is bound or to which any of its assets is subject.

6.2

Warranties by Licensee.  Licensee represents and warrants that this Agreement, when executed and delivered by Licensee, will be the legal, valid and binding obligation of Licensee, enforceable against Licensee in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency or other similar laws affecting the enforcement of creditors’ rights generally and general principles of equity.

ARTICLE 7

7

TERM AND EARLY TERMINATION

7.1

License Term.  Unless sooner terminated as herein provided, this Agreement shall continue in full force and effect commencing from the Effective Date of this Agreement and continuing perpetually.

7.2

License Termination.  Aegis shall have the right to terminate this Agreement, upon occurrence of any of the events set forth below (“Events of Default”): (i) Licensee files any petition or action for relief under any bankruptcy or insolvency law or an involuntary petition for bankruptcy is filed against Licensee and such petition remains in effect for 60 days thereafter; or (ii) the dissolution or cessation of operations by Licensee.

7.4

Sale of Inventory upon Termination.  In the event this Agreement shall be terminated as provided herein, Licensee shall promptly make an accounting to Aegis of the inventory of the Licensed Products which Licensee has on hand as of the date of such termination.  Licensee shall then have the right, for a period of six (6) months after said termination, to sell such inventory.

7.5

Sections Surviving Termination.  In the event termination under this Article occurs, Sections 2.4, 7.4 and 7.5 and Articles 5, 8 and 9 shall survive such termination. 

ARTICLE 8

CONFIDENTIALITY

8.1

Confidentiality.  For the term of this Agreement and for a period of three years thereafter, disclosures by either party to the other designated by the disclosing party as proprietary and/or confidential, made in writing, orally or visually shall not be disclosed by the receiving party without the prior written consent of the other party.  

8.2

Public Information.  The foregoing confidentiality requirement shall not apply when, after and to the extent the information disclosed becomes generally available to the public through no fault of the receiving party, was already known to the receiving party at the time of the disclosure as evidenced by written records in the possession of the receiving party prior to such time, or is subsequently received by the receiving party in good faith from a third party without breaching any confidential obligation between the third party and the disclosing party and disclosure of such information shall not be precluded if disclosure is: (i) required by law or the security exchange upon such party’s capital stock is then listed, or (ii) is in response to a valid order of a court or other governmental body of the United States.  The burden of proof of this section rests with the party claiming the existence of one of the exceptions.

8.3

Injunctive Relief.  Because damages at law may be inadequate remedy for breach of any of the covenants, promises and agreements contained in this Article 8, each party shall be entitled to injunctive relief in any court in any appropriate jurisdiction, including specific performance or an order enjoining another party from any threatened or actual breach of such covenants, promises or agreements.  The rights set forth in this section shall be in addition to any other rights that the parties may have at law or in equity.

8

ARTICLE 9

OTHER PROVISIONS

9.1

Publicity.  Neither Aegis nor Licensee shall directly or indirectly originate any publicity, news release, or other public announcement, written or oral, relating to this Agreement, the terms of this Agreement, any amendment to this Agreement thereafter, or any performance required herein without the prior written approval of the other party, unless required by law, rule or regulation or any exchange upon which the stock of such party is traded.  

9.2

No Assignment by Either Party.  This Agreement may not be assigned by either party without the prior written approval of the other party.  Notwithstanding the foregoing and subject to Section 2.3, each party may assign this Agreement to any purchaser of all or substantially all of its assets or to any successor corporation resulting from any merger or consolidation of such party with or into such corporation.

9.3

Notices.  All notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice, request, demand, claim, or other communication hereunder shall be deemed duly given (a) when delivered personally to the recipient, (b) one (1) business day after being sent to the recipient by reputable overnight courier service (charges prepaid), (c) one (1) business day after being sent to the recipient by facsimile transmission with answerback confirmation received, or (d) four (4) business days after being mailed to the recipient by certified or registered mail, return receipt requested and postage prepaid, and addressed to the intended recipient as set forth below:

if to Aegis:

Aegis Assessments, Inc.

7975 N. Hayden Road, Suite D-363 

Scottsdale, AZ 85258

Attention:  President

if to Licensee:

Sentinel Emergency Response Technology, Inc.

4439 Castle Court Place

Houston, TX  77006

Attn: David Smith

Facsimile No.: (713) 522-1289

Any party may change the address to which notices, requests, demands, claims, and other communications hereunder are to be delivered by giving the other party notice in the manner herein set forth.

9

9.4

Entire Agreement.  This Agreement constitutes the entire agreement between the parties and supersedes all written or oral prior agreements or understandings with respect to the subject matter hereof.  No variation or modification of the terms or provisions of this Agreement shall be valid unless in writing and signed by the parties hereto.

9.5

No Waiver.  A waiver by either party of a breach or violation of any provision of this Agreement will not constitute or be construed as a waiver of any subsequent breach or succession breach or violation of that provision or as a waiver of any breach or violation of any other provision of this Agreement. 

9.6

Governing Law; Jurisdiction.  All matters affecting the interpretation, validity, and performance of this Agreement shall be governed by the laws of the State of Arizona without regard to the law of conflicts of the State of Arizona.  The parties hereto hereby submit to the jurisdiction of the state and federal courts located in the State of Arizona and agree that state and federal courts in the State of Arizona shall be the exclusive jurisdiction and venue for any disputes arising from this Agreement and the related transactions.  

9.7

Severability.  Any term or provision of this Agreement which is invalid or unenforceable will be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining rights of the party intended to be benefited by such provision or any other provisions of this Agreement.

9.8

Captions.  The captions herein are solely for convenience of reference and shall not affect the construction or interpretation of this Agreement. 

*     *     *     *     *

10

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in duplicate by their respective duly authorized officers.

		
	AEGIS ASSESSMENTS, INC. 

	 
	  

	 
	 

	By:  

	 

	Name:

Title:

	

		
	SENTINEL EMERGENCY RESPONSE TECHNOLOGY, INC.

	 
	 

	 
	 

	By:  

	 

	

	David Smith

President

11

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