Exhibit 10.7

Loan Agreement

This Loan Agreement ("Agreement") dated as of March 5, 2007, is betweenThe F & M Bank & Trust
Company("Lender") andAmerican Locker Group, Incorporated, a Delaware corporation ("Borrower"), and Altreco, Incorporated, a
Delaware corporation (the "Guarantor").

Recitals

Borrower and Guarantor have requested Lender to make a loan to Borrower in an aggregate principal amount ofTwo Million Two Hundred
Thousand and No/100 Dollars ($2,200,000.00)(the "Loan"). Lender is willing to make the Loan to Borrower upon the terms and conditions hereinafter set forth.

Agreements

Now, Therefore, in consideration of the premises and the mutual covenants herein contained, the parties hereto agree as follows:

Article 1.Definitions

1.1.Definitions. As used in this Agreement, the following terms have the following meanings:



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1.2.Other Definitional Provisions. All definitions contained in this Agreement are equally applicable to the singular and
plural forms of the terms defined. The words "hereof," "herein" and "hereunder" and words of similar import referring to this Agreement refer to this Agreement as a whole and not to any particular
provision of this Agreement. Unless otherwise specified, all article and section references pertain to this Agreement. All accounting terms not specifically defined herein shall be construed in
accordance with generally accepted accounting principles ("GAAP").

Article 2.Loan

2.1.Loan. Subject to the terms and conditions of this Agreement, Lender agrees to make the Loan to Borrower to refinance
existing indebtedness secured by the Property.

2.2.The Note. The obligation of Borrower to repay the Loan shall be evidenced by the Note executed by Borrower, payable to
the order of Lender, in the principal amount of the Loan and dated the date of the making of the Loan.

2.3.Repayment of Principal and Interest on Note. Borrower shall repay the accrued but unpaid interest and unpaid principal
amount of the Loan as more particularly described in the Note.

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2.4.Security. To secure the Loan, Borrower shall execute and deliver to Lender the Deed of Trust and Assignment of Rents and
Leases covering the Property, which Deed of Trust and Assignment of Rents and Leases shall convey to Lender the rights, titles, equities and interests as more particularly described therein free and
clear of all liens and other encumbrances, except taxes for the current year which are not due or payable and those items shown in the Commitment for Title Insurance delivered to Lender and approved
by Lender.

2.5.Guaranty. Borrower shall cause the Guarantor to execute and deliver to Lender the Guaranty.

2.6.Setoff. After the occurrence of an Event of Default, Lender shall have the right to set off and apply against the
Obligations in such manner as Lender may determine, without notice to Borrower, any and all deposits (general or special, time or demand, provisional or final) or other sums at any time credited by or
owing from Lender to Borrower. As further security for the Obligations of Borrower, Borrower hereby grants to Lender a security interest in all money, instruments and other property of Borrower now or
hereafter held by Lender, including, without limitation, property held in safekeeping. In addition to Lender's right of setoff and as further security for the Obligations of Borrower, Borrower hereby
grants to Lender a security interest in all deposits (general or special, time or demand, provisional or final) and other accounts of Borrower now or hereafter on deposit with or held by Lender and
all other sums at any time credited by or owing from Lender to Borrower. The rights and remedies of Lender hereunder are in addition to other rights and remedies (including, without limitation, other
rights of setoff) which Lender may have.

Article 3.Payments

3.1.Method of Payment. All payments of principal, interest and other amounts to be made by Borrower hereunder shall be made
to Lender, at its office at14185 Dallas Parkway, Suite 140, Dallas, Texas 75254, Attention:David J.
Broussard, in lawful currency of the United States of America and in immediately available funds, or such other address as may be designated in writing by Lender from time to
time. Whenever any payment hereunder or under the Note shall be stated to be due on a day that is not a Business Day, such payment may be made on the next succeeding Business Day and interest shall
continue to accrue during such extension.

3.2.Prepayment. Borrower may prepay the Note in whole at any time or from time to time in part without premium or penalty
but with accrued interest to the date of prepayment on the amount so prepaid. All such prepayments shall be applied to principal installments of the Note, as the case may be, in the inverse order of
maturity of the required principal payments.

Article 4.Conditions Precedent

4.1.Loan. The obligation of Lender to make the Loan is subject to Lender's receipt or written waiver, on or before the day
of the making of the Loan, of each of the following, each dated (unless otherwise indicated) the day of the making of the Loan, in form and substance satisfactory to Lender:



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4.2.Lending Limits.    Notwithstanding anything contained in this Agreement to the contrary, under no
circumstances shall Lender be required to advance any proceeds under the Loan, if such Advance would cause Lender to exceed its lending limits under any applicable banking regulation or violate any
other law or regulation.

Article 5.Representations and Warranties

To induce Lender to enter into this Agreement, Borrower and Guarantor represent and warrant to Lender that:

5.1.Existence and Authority. Borrower (a) is a corporation duly organized, validly existing and in good standing
under the laws of the State of Delaware; (b) has all requisite power to own assets and carry on its business as now being or as proposed to be conducted; and (c) is qualified to do
business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure to so qualify would have a material adverse effect on its business, financial
condition, or operations. Borrower has the corporate power and authority to execute, deliver and perform its obligations under this Agreement and the other Loan Documents to which it is or may become
a party.

5.2.Financial Statements. Borrower and Guarantor have delivered to Lender consolidated financial statements of Borrower and
Guarantor, all as of and for the last fiscal year of Borrower and Guarantor. The financial statements prepared at the end of the fiscal year of Borrower and Guarantor and, along with the other
financial statements referred to above or delivered in connection herewith, are true and correct in all material respects, and fairly present, on a consolidated basis, the financial condition of
Borrower and Guarantor as of the respective dates indicated therein and the results of operations for the respective periods indicated therein. Borrower and Guarantor have no material contingent
liabilities, liabilities for taxes, material forward or long-term commitments, or unrealized or anticipated losses from any unfavorable commitments not reflected in such financial
statements. There has been no material adverse change in the condition, financial or otherwise, or operations of Borrower and Guarantor since the effective date of the most recent financial statements
referred to in this Section 5.2.

5.3.Default. Borrower and Guarantor are not in default in any material respect under any loan agreement, indenture,
mortgage, pledge agreement or other material agreement or obligation to which it is a party or by which any of their properties may be bound.

5.4.Authorization and Compliance with Laws and Material Agreements. The execution, delivery and performance by Borrower and
Guarantor of this Agreement and the other Loan Documents to which Borrower or Guarantor are or may become a party to have been duly authorized by all requisite action on the part of Borrower and
Guarantor and do not and will not violate the Certificates of Incorporation or Bylaws of Borrower and Guarantor, or any law or any order of any court, governmental authority or arbitrator, and do not
and will not conflict with, result in a breach of, or constitute a default under, or result in the imposition of any Lien upon any assets of Borrower or Guarantor pursuant to the provisions of any
indenture, mortgage, deed of trust, pledge agreement, franchise, permit, license or other instrument or agreement by which Borrower or its respective properties is bound.

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5.5.Litigation and Judgments. Except as disclosed under the caption "Legal Proceedings" in the Borrower's Annual Report on
Form 10-K for the fiscal year ended December 4, 2004, there is no action, suit or proceeding before any court, governmental authority or arbitrator pending, or to the
knowledge of Borrower or Guarantor, threatened against or affecting Borrower or Guarantor that would, if adversely determined, have a material adverse effect on the financial condition or operations
of Borrower or Guarantor or the ability of Borrower or Guarantor to pay and perform the Obligations. There are no outstanding judgments against Borrower or Guarantor.

5.6.Rights in Properties; Liens. Borrower and Guarantor have good and indefeasible title or valid leasehold interests in
their respective properties and assets, real and personal, reflected in the financial statements described in Section 5.2., and none of the properties, assets or leasehold interests of Borrower
or Guarantor is subject to any Lien, except as permitted by Section 7.1.

5.7.Title to Property. Borrower owns, and with respect to Property acquired after the date hereof, Borrower will own,
legally and beneficially, the Property free of any Lien or any right or option on the part of any third person to purchase or otherwise acquire the Property or any part thereof, except for the Lien
granted pursuant to the Deed of Trust executed by Borrower and except for the Permitted Liens. Borrower will have the unrestricted right to grant a lien in the Property as contemplated hereby. The
Property is not subject to any restriction on transfer or assignment except for compliance with applicable federal and state laws and regulations promulgated thereunder.

5.8.Enforceability. The execution and delivery of the Loan Documents by the persons signing this Agreement for Borrower and
Guarantor have been duly authorized by all requisite corporate action of Borrower and Guarantor as required by its constituent documents and applicable law. This Agreement constitutes, and the other
Loan Documents to which Borrower and Guarantor are a party, when executed and delivered, shall constitute legal, valid and binding obligations of Borrower and Guarantor, enforceable against Borrower
and Guarantor in accordance with their respective terms, except as limited by bankruptcy, insolvency, or other laws of general application relating to the enforcement of creditors' rights.

5.9.Approvals. No authorization, approval or consent of, and no filing or registration with, any court, governmental
authority or third party is or will be necessary for the execution, delivery or performance by Borrower or Guarantor of this Agreement and the other Loan Documents to which Borrower is or may become a
party or the validity or enforceability thereof.

5.10.Taxes. Borrower and Guarantor have filed all tax returns (federal, state and local) required to be filed, including all
income, franchise, employment, property and sales taxes. Except for (a) the existing employment tax dispute with the Internal Revenue Service previously disclosed to Lender in writing by
Borrower, for which Borrower has a maximum potential liability of no more the $50,000.00 in the aggregate, and (b) certain existing unpaid sales tax obligations in various states which do not
exceed more than $20,000.00 in the aggregate [(a) and (b) being collectively referred to herein as the "Disclosed Outstanding Tax Issues"], Borrower and Guarantors have
paid all of their respective tax liabilities, and neither Borrower or Guarantor know of any pending investigation of Borrower or Guarantor by any taxing authority or of any pending but unassessed tax
liability of Borrower or Guarantor.

5.11.Disclosure. No representation or warranty made by Borrower or Guarantor in this Agreement or in any other Loan
Documents contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements herein or therein not misleading. There is no fact known to Borrower or
Guarantor which has a material adverse effect, or which can reasonably be expected to have a material adverse effect, on the business, assets, financial condition, or operations of Borrower or
Guarantor.

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5.12.Contracts. Borrower and Guarantor are not a party to, or bound by any agreement, condition, contract or arrangement,
which can reasonably be expected to have a material adverse effect on the business, operations or financial condition of Borrower or Guarantor.

5.13.Compliance with Law. To the best of its knowledge, Borrower and Guarantor are in compliance with all laws, rules,
regulations, orders and decrees which are applicable to Borrower or Guarantor or any of their respective properties.

5.14.Principal Place of Business. The place where Borrower and Guarantor keeps its books and records is located at the
address set forth in Article 10.

5.15.Leases. Borrower and Guarantor warrant and represent to Lender that there are currently no Leases in effect that affect
any part of the Property.

5.16.Solvency. Borrower and Guarantor are solvent, are not bankrupt, and have not sought or have sought on their behalf the
entry of an order for relief, nor has such an order for relief been entered, under the U. S. Bankruptcy Code, as amended, and have no outstanding liens, suits, garnishments, bankruptcies, or court
actions which could render him or it insolvent.

Article 6.Positive Covenants

Borrower and Guarantor covenant and agree that, as long as the Obligations or any part thereof are outstanding or Lender has any commitment hereunder, Borrower
and Guarantor will perform and observe the following positive covenants, unless Lender shall otherwise consent in writing:

6.1.Financial Statements. Borrower and Guarantor will furnish to Lender:



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6.2.Certificates; Other Information. Borrower and Guarantor will furnish to Lender all of the following:



6.3.2005 and 2006 Financial Reports. Borrower agrees to deliver to Lender Borrower's audited financial reports for the 2005
fiscal year on or before April 30, 2007, and Borrower's audited financial reports for the 2006 fiscal year on or before June 30, 2007. Notwithstanding the foregoing to the contrary,
Borrower will deliver its first quarter of 2007 financial reports on or before June 30, 2007. Thereafter, all financial reports shall be delivered to Lender as set forth in Section 7.1
above.

6.4.Performance of Obligations. Borrower will duly and punctually pay and perform the Obligations, including without
limitation, its obligations under this Agreement and the other Loan Documents.

6.5.Preservation of Existence and Conduct of Business. Borrower and Guarantor will (i) preserve and maintain its
corporate existence and all of their respective leases, privileges, franchises, qualifications and rights that are necessary or desirable in the ordinary conduct of their respective businesses, and
(ii) conduct their respective businesses as presently conducted in an orderly and efficient manner in accordance with good business practices.

6.6.Maintenance of Properties. Borrower and Guarantor will maintain their respective assets and properties in good condition
and repair, reasonable wear and tear excepted.

6.7.Payment of Taxes and Claims. Borrower and Guarantor will pay or discharge at or before maturity or before becoming
delinquent (i) all taxes, levies, assessments and governmental charges imposed on them or any of their property, and (ii) all lawful claims for labor, material and supplies, which, if
unpaid, might become a Lien upon any of their property; provided, however, that Borrower and Guarantor shall not be required to pay or discharge any tax, levy, assessment or governmental charge which
is being contested in good faith by appropriate proceedings diligently pursued, and for which reasonably adequate reserves have been established. Borrower agrees to diligently and in good faith pursue
a prompt resolution of the Disclosed Outstanding Tax Issues.

6.8.Insurance. Borrower and Guarantor will obtain and maintain fire and extended coverage, general public liability and
umbrella coverage insurance policies and such other insurance policies as may be specified by Lender, upon and relating to the Property, all in such amounts and with such insurance carriers as may be
specified by Lender from time to time, and in accordance with the terms and provisions of the Deed of Trust and Borrower and Guarantor will provide to Lender evidence thereof at least annually.

6.9.Litigation and Attorney's Fees. Borrower and Guarantor will pay promptly to Lender without demand, reasonable attorney's
fees, including, but not limited to, the reasonable costs and expenses of legal counsel and all costs and other expenses paid or incurred by Lender in collecting or compromising the Loan or in
enforcing or exercising its rights or remedies created by, connected with or provided in this Agreement or any other agreement or instrument required by Lender in connection with the Loan, whether or
not suit is filed.

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6.10.Inspection Rights. Upon request from time to time, Borrower and Guarantor will permit representatives of Lender to
examine and make copies of the books and records of Borrower, at Borrower's expense, and visit and inspect the property of Borrower and Guarantor, and to discuss the business, operations and financial
condition of Borrower and Guarantor with its officers and employees and with its independent certified public accountants.

6.11.Keeping Books and Records. Borrower will maintain proper books of record and account in which full, true and correct
entries (in all material respects) shall be made of all dealings and transactions in relation to its business and activities.

6.12.Compliance with Laws. Borrower and Guarantor will comply with all applicable laws, rules, regulations and orders of any
court, governmental authority or arbitrator.

6.13.Compliance with Agreements. Borrower and Guarantor will comply, in all material respects, with all agreements,
indentures, mortgages, security agreements, pledge agreements, deeds of trust and other documents binding on Borrower or Guarantor or affecting their respective properties or business.

6.14.Notices. Borrower and Guarantor will promptly notify Lender of (i) the occurrence of an Event of Default, or of
any event that with notice or lapse of time, or both, would be an Event of Default, (ii) the commencement of any action, suit or proceeding against Borrower that might have a material adverse
effect on the business, financial condition or operations of Borrower and (iii) any other matter that might have a material adverse effect on the business, financial condition or operations of
Borrower or Guarantor.

6.15.Further Assurances. Borrower and Guarantor will execute and deliver such further instruments as may be deemed necessary
by Lender to carry out the provisions and purposes of this Agreement and the other Loan Documents and to preserve and perfect the Lien of Lender in the Property.

6.16.Compliance with ERISA. Borrower will comply with all minimum funding requirements and all other material requirements
of ERISA, if applicable, so as not to give rise to any liability thereunder. Promptly after the filing thereof, Borrower shall furnish to Lender with regard to each employee benefit plan of Borrower,
copies of each annual report required to be filed pursuant to Section 103 of ERISA in connection with each such plan for each plan year. Borrower will notify Lender immediately of any fact,
including, but not limited to, any "Reportable Event" as that term is defined in Section 4043 of ERISA, arising in connection with any such plan which might constitute grounds for the
termination thereof by the Pension Benefit Guaranty Corporation or for the appointment by the appropriate United States District Court of a trustee to administer such plan and furnish to Lender,
promptly upon its request therefor, such additional information concerning any such plan as may be reasonably requested.

6.17.Reports. Furnish to Lender, as soon as possible and in any event within fifteen (15) days after Borrower or
Guarantor knows or has reason to know that any event or condition described in Section 8.1. herein has occurred, a statement of the president or chief financial officer of Borrower describing
such event or condition and the action, if any, which Borrower proposes to take with respect thereto.

6.18.Environmental Condition Reports. Give prompt written notice to Lender of any governmental or regulatory action, of any
claim for damage or injury made or threatened and of Borrower's or Guarantor's discovery of any occurrence or condition on the Property or adjoining lands, which does or could cause the presence of
any hazardous materials or environmental condition to exist on the Property which contravene the standards of any governmental or administrative environmental protective law or regulations.

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6.19.New Leases. Borrower and Guarantor agree that any new Lease to be executed that affect the Property or any portion
thereof shall be on a lease form and lease terms previously approved by Lender in writing.

6.20.Operating Account. Except for Borrower's payroll account and its Canadian bank accounts maintained by Borrower's
Canadian Affiliates, Borrower and Guarantor shall maintain all of its operating accounts with Lender. Transfers of funds between Borrower's local accounts and the Canadian bank accounts shall be
prohibited, unless such transfers are made in the ordinary course of business.

6.21.Financial Covenants. Borrower and Guarantor covenant and agree that, as long as the Obligations or any part thereof are
outstanding or Lender has any commitment hereunder, Borrower and Guarantor will perform, observe and maintain the following financial covenants, unless Lender shall otherwise consent in writing:



The
financial covenants set forth herein shall be tested on a quarterly basis in conjunction with the delivery of Borrower's financial statements. If Borrower shall fail to satisfy a
financial covenant, Borrower shall have fifteen (15) days to bring such covenant into compliance after written notice therefore is sent to Borrower, before Lender may claim an Event of Default
hereunder.

Article 7.Negative Covenants

Borrower and Guarantor covenant and agree that, as long as the Obligations or any part thereof are outstanding or Lender has any commitment hereunder, Borrower
and Guarantor will perform and observe the following negative covenants, unless Lender shall otherwise consent in writing:

7.1.Limitation on Liens. Borrower and Guarantor will not incur, create, assume or permit to exist, any Lien upon the
Property, except Liens in favor of Lender and except for the Permitted Liens.

7.2.Mergers, Acquisitions and Dissolutions. Borrower will not become a party to a merger or consolidation, or purchase or
otherwise acquire all or a substantial part of the assets of any Person or any shares or other evidence of beneficial ownership of any Person, or dissolve or liquidate.

7.3.Transactions with Affiliates. Borrower will not enter into any transaction with any officer or employee of Borrower or
any Affiliate, except upon fair and reasonable terms.

7.4.Debt. Borrower shall not, without the prior written consent of Lender, incur, create, assume or permit to exist, any
Debt, except (i) Debt to Lender; (ii) trade payables incurred in the ordinary course of business with a due date not greater than sixty (60) days from date it is incurred;
(iii) purchase money debt for the acquisition or lease of equipment used in the ordinary course of Borrower's business, not to exceed $100,000.00 in the aggregate.

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Article 8.Default

8.1.Event of Default. Each of the following shall be deemed an "Event of Default":



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8.2.Remedies Upon Default. Upon the occurrence of an Event of Default, Lender shall have no obligation to make any further
advances under the Loan and Lender may without notice declare the Obligations or any part thereof to be immediately due and payable, and the same shall thereupon become immediately due and payable,
without demand, presentment, notice of dishonor, notice of acceleration, notice of intent to accelerate, notice of intent to demand, or protest, which are hereby expressly waived; provided, however,
that upon the occurrence of an Event of Default under Section 8.1.d. or Section 8.1.e., the commitment of Lender to lend hereunder shall automatically terminate, and the Obligations
shall become immediately due and payable without notice, demand, presentment, notice of dishonor, notice of acceleration, notice of intent to accelerate, notice of intent to demand, or protest, which
are hereby expressly waived. Upon the occurrence of any Event of Default, Lender may exercise all rights and remedies available to it in law or in equity, under the Loan Documents or otherwise.

Article 10.Miscellaneous

10.1.Expenses of Lender. Borrower agrees to pay on demand all costs and expenses incurred by Lender in connection with the
preparation, negotiation and execution of this Agreement and the other Loan Documents and any and all amendments, modifications and supplements thereto and the closing of the Loan, including, without
limitation, the costs and fees of Lender's legal counsel, appraisal fees, mortgagee's policy of title insurance and endorsement premiums, survey costs, environmental engineer fees, closing costs, and
all costs and expenses incurred by Lender in connection with the enforcement or preservation of any rights under this Agreement or any other Loan Document, including, without limitation, the
reasonable costs and fees of Lender's legal counsel. Borrower agrees Lender may pay these costs with the proceeds of Loan, at its sole discretion.

10.2.WAIVER OF JURY TRIAL. IN THE EVENT LITIGATION SHOULD ARISE OUT OF THE TRANSACTIONS CONTEMPLATED BY ANY OF THE LOAN
DOCUMENTS OR ANY OTHER MATTER RELATED THERETO WHATSOEVER OR IN CONNECTION WITH ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OR INACTIONS BY LENDER, IT IS
HEREBY STIPULATED AND AGREED BY BORROWER AND GUARANTOR THAT THEY SHALL WAIVE AND DO HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ALL RIGHTS TO DEMAND A TRIAL OF ANY SUCH MATTER BY OR BEFORE A
JURY. THIS PROVISION IS A MATERIAL INDUCEMENT TO LENDER TO COMMIT TO MAKE THE LOAN.

10.3.No Waiver; Cumulative Remedies. No failure on the part of Lender to exercise and no delay in exercising, and no course
of dealing with respect to, any right, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege under this
Agreement preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies provided for in this Agreement and the other Loan Documents are
cumulative and not exclusive of any rights and remedies provided by law.

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10.4.Successors and Assigns. This Agreement is binding upon and shall inure to the benefit of Lender, Borrower and Guarantor
and their respective successors and assigns, except that Borrower and Guarantor may not assign or transfer any of their respective rights or obligations under this Agreement and the other Loan
Documents.

10.5.Survival of Representations and Warranties. All representations and warranties made in this Agreement or any other Loan
Document or in any document, statement or certificate furnished in connection with this Agreement shall survive the execution and delivery of this Agreement and the other Loan Documents, and no
investigation by Lender or any closing shall affect the representations and warranties or the right of Lender to rely upon them.

10.6.Entire Agreement; Amendment. This Agreement and the other Loan documents embodies the entire agreement among the
parties hereto and supersedes all prior agreements and understandings, if any, relating to the subject matter hereof. The provisions of this Agreement and the other Loan Documents to which Borrower is
a party may be amended or waived only by an instrument in writing signed by the parties thereto.

10.7.Maximum Interest Rate. No provision of this Agreement or Note shall require the payment or the collection of interest
in excess of the maximum permitted by applicable law. If any excess of interest in such respect is hereby provided for, or shall be adjudicated to be so provided, in the Note or otherwise in
connection with this loan transaction, the provisions of this Section 10.7. shall govern and prevail and neither Borrower nor Guarantor nor the sureties, successors or assigns of Borrower or
Gurantors shall be obligated to pay the excess amount of such interest or any other excess sum paid for use, forbearance or detention of sums loaned pursuant hereto. In the event Lender ever receives,
collects or applies as interest any such sum, such amount which would be in excess of the maximum amount permitted by applicable law shall be applied as a payment and reduction of the principal of the
indebtedness evidenced by the Note; and, if the principal of the Note has been paid in full, any remaining excess shall forthwith be paid to Borrower.

10.8Notices. Any notice, consent or other communication required or permitted to be given under any of the Loan Documents to
Lender, Borrower or Guarantor must be in writing and sent via overnight mail or courier service to the following addresses:

To Borrower:

American Locker Group, Incorporated
815 S. Main Street
Grapevine, Texas 76051To Guarantor:

Altreco, Incorporated
815 S. Main Street
Grapevine, Texas 76051In either case, with a copy to:Hallett & Perrin, P.C.
2001 Bryan Street, #3900
Dallas, Texas 75201
Attn: Timothy R. VaughnTo Lender:

The F&M Bank & Trust Company
14185 Dallas Parkway, Suite 140
Dallas, Texas 75254
Attention: David J. Broussard, Senior Vice-President


or such other address as shall be set forth in a notice from the appropriate party given in compliance with this Section 10.8. Any such notice, consent or other
communication shall be deemed given when delivered in person when duly sent to or deposited with the overnight courier service.

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10.9.Applicable Law. This Agreement, the Note and the other Loan Documents shall be deemed to have been made and to be
performable in theCity of Dallas, Dallas County, Texas, and shall be governed and construed in accordance with the laws of the State of Texas.

10.10Additional Remedies. The rights, powers and remedies given to Lender hereunder and under the other Loan Documents shall
be cumulative and not alternative and shall be in addition to all rights, powers and remedies given to Lender by law or in equity against Borrower or any other Person, including, but not limited to,
Lender's rights of setoff.

10.11.RELIEF FROM AUTOMATIC STAY.AS A MATERIAL INDUCEMENT AND AS FURTHER CONSIDERATION TO INDUCE LENDER TO MAKE THE LOAN,
BORROWER AND GUARANTOR HEREBY STIPULATE, AGREE, CONSENT TO AND ACKNOWLEDGE THAT IN THE EVENT THAT A PROCEEDING UNDER TITLE 11 OF THE U.S. CODE IS COMMENCED, EITHER VOLUNTARY OR INVOLUNTARY, BY OR
AGAINST BORROWER OR GUARANTOR, LENDER IS ENTITLED TO IMMEDIATE RELIEF FROM ANY AUTOMATIC STAY IMPOSED UNDER SECTION 362 OF TITLE 11 OF THE U.S. CODE, AS AMENDED, OR OTHERWISE, ON OR AGAINST THE
EXERCISE OF THE RIGHTS AND REMEDIES OTHERWISE AVAILABLE TO LENDER, WITHOUT REQUIRING LENDER TO FILE A MOTION FOR RELIEF FROM THE AUTOMATIC STAY. IN ADDITION TO THE FOREGOING, BORROWER AND GUARANTOR
FURTHER STIPULATE, AGREE AND ACKNOWLEDGE THAT NEITHER BORROWER NOR GUARANTOR WILL OPPOSE OR OBJECT TO LENDER'S MOTION FOR RELIEF FROM ANY AUTOMATIC STAY OR ANY VALUATION BY LENDER OF THE PROPERTY
SUBJECT TO THE AUTOMATIC STAY CONDUCTED BY LENDER.

10.12.Jurisdiction, Service of Process.ANY SUIT, ACTION OR PROCEEDING AGAINST
BORROWER OR GUARANTOR WITH RESPECT TO THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS, OR ANY JUDGMENT ENTERED BY ANY COURT IN RESPECT OF ANY THEREOF SHALL BE BROUGHT IN THE DISTRICT COURTS OF
DALLAS COUNTY, TEXAS OR THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF TEXAS, AS LENDER (IN ITS SOLE DISCRETION) MAY ELECT, AND BORROWER AND GUARANTOR HEREBY ACCEPT THE EXCLUSIVE
JURISDICTION OF THOSE COURTS FOR THE PURPOSE OF ANY SUIT, ACTION OR PROCEEDING.

10.13.Severability. Should any one or more provisions of this Agreement be determined to be illegal or unenforceable, all
other provisions nevertheless shall be effective.

10.14.Time of the Essence. Time is hereby declared to be of the essence of this Agreement and of every part thereof.

10.15.Integration Clause. Except for documents and instruments specifically referenced herein, this Agreement and the other
Loan Documents constitute the entire agreement between Lender, Borrower and Guarantor regarding the Loan and all prior communications, verbal or written, between Borrower, Guarantor and Lender shall
be of no further effect or evidentiary value.

10.16.Construction. The paragraph headings herein are for convenience of reference only and shall not limit or otherwise
affect the meaning hereof.

10.17.Amendments. This Agreement may be amended only in written form and signed by all parties hereto.

10.18.Controlling Interpretation. The other Loan Documents delivered pursuant to or in connection with this Agreement shall
supplement and be in addition to the terms and provisions of this Agreement. If an inconsistency of provisions should exist between any of the Loan Documents, the interpretation of such provision most
favorable to Lender shall control, determined by Lender in its sole discretion.

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10.19.Headings. The headings, captions and arrangements used in this Agreement are for convenience only and shall not affect
the interpretation of this Agreement.

10.20.Non-Application of Section 346 of Texas Finance Code. The provisions of Section 346.001 et. seq. of the Texas Finance Code are specifically declared by the
parties hereto not to be applicable to this Agreement or any of the other Loan
Documents or to the transactions contemplated hereby.

10.21.Participations. Lender shall have the right at any time and from time to time to grant participations in the Note and
any other Loan Documents. Each participant shall be entitled to receive all information received by Lender regarding the creditworthiness of Borrower and Guarantor.

In
Witness Whereof, the parties hereto have duly executed this Agreement as of the day and year first above written.

| |  | Borrower:American Locker Group, Incorporated, a Delaware corporation
| |  | --------------------------------------------------------------------
| |  | By:                                                                 
| |  | Guarantor:Altreco, Incorporated, a Delaware corporation             
| |  | By:                                                                 
| |  | Lender:The F&M Bank & Trust Company                                 
| |  | By:                                                                 
| |  |                                                                     

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