Custodial and Security Agreement Sample Contracts

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CUSTODIAL AND SECURITY AGREEMENT
Custodial and Security Agreement • July 13th, 2005 • North American Technologies Group Inc /Mi/ • Industrial organic chemicals • New York

THIS CUSTODIAL AND SECURITY AGREEMENT (this “Agreement”) is made as of July 7, 2005, by and among North American Technologies Group, Inc., a Delaware corporation with an address at 14315 West Hardy Road, Houston, TX 77060 (the “Company”), the purchasers signatory hereto (each individually, a “Purchaser,” and collectively, the “Purchasers”), and Feldman Weinstein LLP, , as custodial agent for and for the benefit of the Purchasers, with an address at 420 Lexington Avenue, Suite 2620, New York, New York 10170 (the “Custodian”). Capitalized terms used but not defined herein shall have the meanings set forth in the Securities Purchase Agreement referred to in the first recital.

CUSTODIAL AND SECURITY AGREEMENT
Custodial and Security Agreement • January 6th, 2006 • North American Technologies Group Inc /Mi/ • Industrial organic chemicals • New York

THIS CUSTODIAL AND SECURITY AGREEMENT (this “Agreement”) is made as of December 28, 2005, by and among North American Technologies Group, Inc., a Delaware corporation with an address at 14315 West Hardy Road, Houston, TX 77060 (the “Company”), the purchasers signatory hereto (each individually, a “Purchaser,” and collectively, the “Purchasers”), and Feldman Weinstein LLP, , as custodial agent for and for the benefit of the Purchasers, with an address at 420 Lexington Avenue, Suite 2620, New York, New York 10170 (the “Custodian”). Capitalized terms used but not defined herein shall have the meanings set forth in the Securities Purchase Agreement referred to in the first recital.

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