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Exhibit 5.01
LOCK UP AGREEMENT
The Undersigned Shareholder, for itself and its successors and assigns, in
consideration of the exchange of all issued and outstanding shares of common
stock of Chalon International of Hawaii, Inc., into an aggregate of 2,000,000
shares of common stock of Surety Holdings Corp., a Delaware corporation
("Surety"), pursuant to Section 1.11 of that certain Agreement and Plan of
Merger and Reorganization by and between the Surety Holdings Corp., Chalon
Acquisition Corp. and Chalon International of Hawaii, Inc., dated September,
1999 (the "Merger Agreement"), hereby agrees not to pledge, hypothecate,
assign or sell the aforementioned shares of Surety common stock for a period of
five (5) years from the effective date of the merger, without the prior written
consent of Surety.
Chalon Corp.
By: /s/ Xxxxxxx Xxxxx
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