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Exhibit 9.03
ARBITRATION AGREEMENT
EACH OF THE UNDERSIGNED, ULTRAK, INC., A DELAWARE CORPORATION
("ULTRAK"), ULTRAK HOLDINGS LIMITED, A UNITED KINGDOM COMPANY ("HOLDINGS"),
HEINZ-XXXXXXX XXXXX ("XXXXX"), AND XXXXXX XXXXX ("XXXXX") (XXXXX AND XXXXX ARE
COLLECTIVELY REFERRED TO AS THE "SHAREHOLDERS") HEREBY AGREE THAT ANY DISPUTE
RELATING TO THE PURCHASE AGREEMENT OF GERMAN GMBH SHARE CAPITAL, DATED DECEMBER
16, 1996, BY AND AMONG ULTRAK, HOLDINGS, THE SHAREHOLDERS, AND OTHERS, SHALL BE
FULLY AND FINALLY SETTLED BY ARBITRATION IN ACCORDANCE WITH THE RULES OF THE
INTERNATIONAL CHAMBER OF COMMERCE, WHICH RULES ARE DEEMED TO BE INCORPORATED
HEREIN BY REFERENCE. ANY SUCH ARBITRATION SHALL BE HELD IN NEW YORK, NEW YORK
AND THE LANGUAGE TO BE USED IN THE ARBITRATION PROCEEDING SHALL BE ENGLISH.
JUDGMENT UPON THE AWARD RENDERED BY THE ARBITRATOR SHALL BE LEGALLY BINDING ON
THE PARTIES THERETO AND MAY BE ENTERED IN ANY COURT HAVING JURISDICTION
THEREOF.
Date: December 16, 1996 ULTRAK, INC.
By:
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Xxxx Xxxxx, Authorized Signatory
ULTRAK HOLDINGS LIMITED
By:
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Xxxx Xxxxx, Authorized Signatory
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HEINZ-XXXXXXX XXXXX
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XXXXXX XXXXX
