0000950123-10-007806 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • February 2nd, 2010 • American Locker Group Inc • Partitions, shelvg, lockers, & office & store fixtures • Texas

THIS EMPLOYMENT AGREEMENT (“Agreement”), effective this 1st day of February, 2008 (“Effective Date”), is entered into between American Locker Group Incorporated, a Delaware corporation (the “Employer”) and Paul M. Zaidins (the “Executive”).

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CONTRACT OF SALE IN LIEU OF CONDEMNATION
Contract of Sale in Lieu of Condemnation • February 2nd, 2010 • American Locker Group Inc • Partitions, shelvg, lockers, & office & store fixtures • Texas

This Contract of Sale in Lieu of Condemnation (the “Contract”) is entered into by and between Altreco, Inc., a Delaware corporation (“Seller”), and the City of Grapevine, Texas (“Purchaser”).

Loan Modification Agreement (First Modification)
Loan Modification Agreement • February 2nd, 2010 • American Locker Group Inc • Partitions, shelvg, lockers, & office & store fixtures • Texas

This Loan Modification Agreement (the “Modification”), is dated to be effective as of March 5, 2009, and is executed by and between American Locker Group, Incorporated, a Delaware corporation (hereinafter referred to as the “Borrower”); and Altreco, Incorporated, a Delaware corporation (the “Guarantor”); and The F&M Bank & Trust Company (hereinafter referred to as the “Lender”).

Loan Agreement
Loan Agreement • February 2nd, 2010 • American Locker Group Inc • Partitions, shelvg, lockers, & office & store fixtures • Texas

THIS LOAN AGREEMENT is made as of the date below (the “Effective Date”) by and between F.F.F.C., Inc., a Texas corporation (“Lender”), and American Locker Group Incorporated, a Delaware corporation (“Borrower”). For valuable consideration, the parties agree as follows:

GULF COAST BUSINESS CREDIT RECEIVABLES PURCHASE AGREEMENT RECOURSE
Receivables Purchase Agreement • February 2nd, 2010 • American Locker Group Inc • Partitions, shelvg, lockers, & office & store fixtures • Texas

THIS RECEIVABLES PURCHASE AGREEMENT (this “Agreement”), made and executed this 28th day of July, 2009, by and between AMERICAN LOCKER GROUP INCORPORATED (the “Company”) (Delaware Org. No. 0530801); and GULF COAST BANK AND TRUST COMPANY (“GCBC”).

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