ROYALTY AGREEMENTRoyalty Agreement • June 19th, 2006 • Integrated Security Systems Inc • Communications equipment, nec • Texas
This Royalty Agreement (“Agreement”) is made as of June 16, 2006, by and among Integrated Security Systems, Inc., a Delaware corporation (“ISSI”), B&B ARMR Corporation, a Delaware corporation and wholly owned subsidiary of ISSI (“B&B”), Intelli-Site, Inc., a Texas corporation and wholly owned subsidiary of ISSI (“Intelli-Site”), DoorTek Corporation, a Texas corporation and wholly owned subsidiary of ISSI (“DoorTek” and, together with ISSI, B&B and Intelli-Site, the “ISSI Entities”), Renaissance Capital Growth & Income Fund III, Inc., a Texas corporation (“Renn III”), BFS US Special Opportunities Trust PLC, a public limited company registered in England and Wales (“BFS”), Renaissance US Growth Investment Trust PLC (“RUSGIT” and, together with Renn III and BFS, collectively, the “Renaissance Funds”), and Renn Capital Group, Inc. (the “Agent”), solely as agent for the Renaissance Funds and not on its own behalf.
