AMERICAN BUILDING CONTROL INC
EX-10.7 RELEASE AGREEMENT-C. SHARNG
<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>6
<FILENAME>d04354exv10w7.txt
<DESCRIPTION>EX-10.7 RELEASE AGREEMENT-C. SHARNG
<TEXT>
<PAGE>
                                                                    EXHIBIT 10.7

                                RELEASE AGREEMENT

This Release Agreement ("Agreement") is in favor of American Building Control,
Inc. f/k/a Ultrak, Inc. ("Company") and executed by Chris Sharng ("Employee")
(collectively the "parties"). The Effective Date for this Agreement is the date
it is executed by Employee.

In exchange for three annual payments by Company to Employee of $48,000 in 2002
and $96,000 each in 2003 and 2004 (less any ordinary or required withholdings),
Employee agrees to the following warranties, waivers and releases:

         Employee hereby forever waives and releases any and all claims, rights,
         or remedies, known or unknown, that Employee may have against Company
         or Related Parties (as defined below) (a) based upon any change of
         control or alleged change of control of Company, or (b) based upon the
         application of the change of control provision in Employee's Employment
         Agreement, as amended (the "Employment Agreement")(including, without
         limitation, any rights to compensation triggered by the change of
         control language in Sections 7 and 8 of the Employment Agreement) and
         any amendments or modifications thereto. Employee waives any claim that
         this Agreement was induced by fraud or duress. Employee agrees not to
         sue or otherwise pursue any legal action for a claim, right or remedy
         waived and/or released by this Agreement.

         Employee warrants and represents that the foregoing release covers all
         change-of-control related agreements and liabilities between Employee
         and Company or Related Parties, and warrants and represents that there
         is no agreement or other basis for a claim against Company or Related
         Parties that is not covered by this Agreement. Employee warrants and
         represents that Employee has complete ownership of all rights released
         by this Agreement and Employee has not assigned, granted a lien
         against, or otherwise encumbered any claims or potential claim released
         through this Agreement. This Agreement may only be modified, waived, or
         amended through a writing signed by the parties.

         For purposes of this Agreement only, Related Parties means all
         officers, directors, shareholders, parents, subsidiaries, affiliates,
         partners, agents, and employees, past and present, of Company and its
         predecessors and successors in interest.

         Any payment amount set forth herein shall not be paid to Employee if
         Employee resigns prior to such payment being made or is terminated for
         cause prior to such payment being made, but any payment shall be paid
         if Employee is terminated without cause (as defined in the Employment
         Agreement), dies, or becomes disabled prior to such a payment being
         made.

Agreed to as of December 31, 2002

/s/ Chris Sharng
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Signature

Chris Sharng
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Printed Name

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