Minutes from Shareholder Meeting

Attached are the minutes from the Annual Meeting of
the Shareholders of Nio Security, Inc. on May 26,
2010. Shareholders representing 74.33% of the
outstanding shares were present in person or by proxy.

The shareholders approved the Company's 2009
Consolidated Financial Statements and an amendment to
the Certificate of Incorporation to reflect an
increase in the Company's authorized shares from
70,000,000 to 100,000,000. Further, the shareholders
re-elected Espen Brodin, Bjarne Støtvig, Lars
Moldestad and Jon Skabo as the board of directors. No
other matters were discussed.

For further information, please contact Espen Brodin,
Chairman & CEO, tel. +47 920 44 558.