Exhibit 10.7
LOCK-UP AGREEMENT
American Life Holding Company, Inc.
0000 Xxx Xxxxxxxx Xxxx
Xxxxx 000
Xxxxxxxxx, Xxxxxxxxx 00000
Re: American Life Holding Company, Inc. (the "Company")
Gentlemen:
The undersigned is a director of the Company and either is the
beneficial owner of, or otherwise controls, such shares of the Company's common
stock as are set forth below (collectively, the "Company Common Shares"). In
connection with the Company's pending registration statement on Form SB-2, SEC
file number 333-99415, for the 90 day period beginning on such date as the
Company's common stock shall be quoted in the over-the- counter market or listed
on a national securities exchange, the undersigned irrevocably agrees that he
will not,
1. offer, pledge, sell, contract to sell, sell any option or contract
to purchase, purchase ay option or contract to sell, grant any option, right or
warrant to purchase, lend, or otherwise transfer or dispose of, directly or
indirectly, any Company Common Shares, or
2. enter into any swap or other arrangement that transfers to another,
in whole or in part, any of the economic consequences of ownership of the
Company Common Shares, whether any such transaction is to be settled by delivery
of Company Common Shares or such other securities, in cash or otherwise.
Dated: October 25, 2002
/s/ Xxxx X. Xxxx
--------------------------------
Xxxx X. Xxxx,individually and as
Shares Covered by this Lock-Up Agreement trustee of the trust
set forth herein
Record Holder No. of Shares
------------- -------------
Xxxx X. Xxxx 1,500
Xxxx X. Xxxx f/b/o Xxxx X. Xxxx 40,174
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41,674
