Document:

Exhibit 10(m)(xiv)

                           PERFORMANCE BONUS AGREEMENT

            This PERFORMANCE BONUS AGREEMENT (the  "Agreement"),  is dated as of
the 26th day of February,  2009, between Albany  International Corp., a Delaware
corporation (the "Company"), and ________________________ (the "Participant").

            WHEREAS,  the Company adopted and maintains the Albany International
Corp. 2005 Incentive Plan (the "Plan");

            WHEREAS,   Section  8  of  the  Plan   provides  for  the  grant  of
performance-based awards to participants in the Plan; and

            WHEREAS, Section 9 of the Plan provides for the annual establishment
of performance measures ("Performance Measures") for performance-based awards;

            NOW THEREFORE,  in  consideration  of the agreements and obligations
hereinafter set forth, the parties hereto agree as follows:

            1. Definitions; References.

      As used herein,  the  following  terms shall have the  meanings  indicated
below.  Capitalized  terms used but not defined  herein  shall have the meanings
assigned to them in the Plan.

      (i) "Annual  Distribution Amount" shall mean, with respect to a Bonus, the
portion of such Bonus that is required to be  distributed  in any calendar  year
determined pursuant to Section 6 hereof.

      (ii) "Applicable Bonus Percentage" for the Participant for the Performance
Period  shall  mean  the  percentage   established  by  the  Committee  for  the
Participant in Section 4 hereof. The Committee shall in every case provide for a
specific Applicable Bonus Percentage when the Performance Percentage is equal to
100%,  which  Applicable  Bonus  Percentage will be used to determine the Target
Amount.

      (iii) "Beneficiary" shall mean the person(s) designated by the Participant
in a written instrument  delivered pursuant to the Plan to receive a payment due
under the Plan upon the  Participant's  death,  signed  by the  Participant  and
delivered to the Company prior to the Participant's death or, if no such written
instrument is on file, the Participant's estate.

      (iv) "Bonus" with respect to the Performance Period shall mean a number of
shares of Common Stock equal to the product of the Target  Amount  multiplied by
the Applicable  Bonus Percentage for the Performance  Period,  together with the
Cash Dividend  Equivalents,  if any,  provided for from time to time pursuant to
Section 5(b).

      (v) "Bonus Account" shall have the meaning set forth in Section 5 hereof.

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      (vi)  "Cash  Dividend  Equivalents"  shall have the  meaning  set forth in
Section 5(b) hereof.

      (vii) "Cause" shall be deemed to exist if a majority of the members of the
Board of Directors  determine that the  Participant  has (i) caused  substantial
harm to the Company with intent to do so or as a result of gross  negligence  in
the performance of his or her duties; (ii) not made a good faith effort to carry
out his or her duties;  (iii) wrongfully and  substantially  enriched himself or
herself at the expense of the Company; or (iv) been convicted of a felony.

      (viii)  "Determination  Date" shall mean,  with respect to the Performance
Period,  the date on which the Committee  shall have  determined the Performance
Percentage for the Participant and whether the Bonus shall be paid in cash or in
shares of Common  Stock,  which date shall not be later than the last day of the
first February following the Performance Period and shall have determined.

      (ix)  "Disability"  shall be deemed to exist if (i) by reason of mental or
physical  illness  the  Participant  has not  performed  his or her duties for a
period of six consecutive  months;  and (ii) the Participant  does not return to
the  performance of his or her duties within thirty days after written notice is
given  by  Company  or one of its  subsidiaries  that the  Participant  has been
determined  by the  Committee to be  "Disabled"  under the  Company's  long term
disability policy.

      (x)  "Dividend  Payment  Date" shall have the meaning set forth in Section
5(b) hereof.

      (xi) "Fair Market  Value" shall mean,  with respect to any share of Common
Stock,  the closing price of such share as reported in "New York Stock  Exchange
Composite  Transactions"  in "The Wall Street Journal" for the relevant date or,
if no  quotation  shall  have  been  made on such  relevant  date,  on the  next
preceding  day on which there were  quotations  or, if the  Company's  shares of
Common  Stock are not traded on such  exchange,  such price as  reported on such
other  securities  market or  exchange  on which  such  shares are traded as the
Committee shall determine.

      (xii)  "First  Distribution  Date" is the first  Business  Day on or after
March 1 of the year immediately following the end of the Performance Period.

      (xiii) "Performance Percentage" shall mean with respect to the Performance
Period the percentage determined pursuant to the Scorecard.

      (xiv) "Performance  Period" shall mean the period that begins on January 1
and ends on December 31 of the year specified in Section 3.

      (xv)  "Scorecard"  shall  mean a  performance  scorecard  as set  forth in
Section 3 hereof.

      (xvi)  "Second  Distribution  Date" is the first  Business Day on or after
March 1 of the second year following the end of the Performance Period.

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      (xvii) "Target Amount", with respect to the Performance Period, shall mean
a number of shares of Common  Stock  specified in Section 2, which is the amount
of the Bonus for the Performance Period if the Performance Percentage is 100%.

      (xviii)  "Third  Distribution  Date" is the first Business Day on or after
March 1 of the third year following the end of the Performance Period.

      (xix) "Value" of shares of Common Stock on any date means the average Fair
Market Value of a share of Common Stock over the first ten Business  Days in the
month of January preceding such date.

            2. Establishment of the Target Amount.  Pursuant to, and subject to,
the terms and  conditions  set forth herein and in the Plan,  the Company hereby
establishes the Participant's  Target Amount at _________ shares of Common Stock
for the Performance Period. The Bonus shall be determined based on Target Amount
in the manner set forth in Sections 3 and 4 hereof.

            3. Establishment of the Scorecard.  Pursuant to, and subject to, the
terms and  conditions  set forth  herein  and in the Plan,  the  Company  hereby
establishes the Scorecard,  attached hereto as Exhibit A, based on the objective
criteria  specified,  with which to evaluate the  Participant's  performance for
2009 (the  "Performance  Period").  The Scorecard  shall  represent an objective
basis for determining the Performance Percentage for 2009.

            4. Adjustment of the Target Amount. As soon as practicable after the
end of the  Performance  Period,  and in no event later than the last day of the
first February  following the Performance  Period, the Committee shall determine
the  Performance  Percentage  based  on  the  Scorecard.  The  Applicable  Bonus
Percentage with respect to the  Participant for the Performance  Period shall be
equal to the  Performance  Percentage so  determined.  The Committee  shall have
discretion to reduce (but not increase) the amount of the Bonus  determined  for
the Participant for the Performance Period at any time prior to the crediting of
such Bonus to the  Participant's  Bonus  Account as provided in Section 5 below.
The  Committee  may, but shall not be required to, set forth in Exhibit B hereto
such criteria (which may be subjective) to be used as the basis by the Committee
to make any such reduction.

            5.  Bonus  Account.  Pursuant  to,  and  subject  to,  the terms and
conditions set forth herein and in the Plan, the Company shall establish a Bonus
Account in the name of, and for the  benefit  of, the  Participant  (the  "Bonus
Account").  There shall be a separate Bonus Account for the Participant for each
Performance Period.

                  a. Within thirty (30) days of the  Determination  Date, but in
      no event later than March 1 immediately  following the Determination Date,
      the Company shall credit to the Bonus Account the Bonus.

                  b.  The  Company   shall  credit  the  Bonus  Account  of  the
      Participant  as of each date on which the Company pays a cash  dividend on
      shares of Common Stock (a "Dividend  Payment Date") with additional shares
      of Common  Stock,  the number of which  shall be  determined  by first (i)
      multiplying  the  number of shares  of Common  Stock in the  Participant's
      Bonus Account on the Dividend Payment Date by the per-share dollar

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<PAGE>

      amount of the  dividend  so paid,  and then (ii)  dividing  the  resulting
      amount by the Fair Market Value of a share of Common Stock on the Dividend
      Payment Date (such  additional  shares of Common  Stock being  referred to
      herein as "Cash Dividend Equivalents").

            The Company  shall  continue to maintain the Bonus  Account until it
has  satisfied  all of its  obligations  hereunder,  provided  that the  amounts
credited to the Bonus  Account  shall  represent an unsecured  obligation of the
Company and the  Participant  shall have the status of an unsecured  creditor in
respect of such accounts.

            6. Vesting; Payment of Annual Distribution Amount.

                  a. Twenty-five percent of the Bonus shall vest on January 1 of
      the year immediately  following the Performance  Period,  50% of the Bonus
      shall vest on  January 1 of the  second  year  following  the  Performance
      Period,  and the  remainder  of the Bonus  shall  vest on January 1 of the
      third year following the Performance Period.

                  b.  Except as may  otherwise  be provided  herein,  the Annual
      Distribution Amount shall be paid at the following times:

                        i.    On the First Distribution Date, an amount equal to
                              25% of  the  Bonus  shall  be  distributed  by the
                              Company  or  one  of  its   subsidiaries   to  the
                              Participant,   and  the  amount  credited  to  the
                              Participant's  Bonus  Account  shall be debited by
                              the amount so distributed.

                        ii.   On the Second  Distribution  Date, an amount equal
                              to  50%  of  Bonus  shall  be  distributed  by the
                              Company  or  one  of  its   subsidiaries   to  the
                              Participant,   and  the  amount  credited  to  the
                              Participant's  Bonus  Account  shall be debited by
                              the amount so distributed.

                        iii.  On the Third  Distribution  Date, the remainder of
                              the Bonus shall be  distributed  by the Company or
                              one of its  subsidiaries to the  Participant,  and
                              the amount  credited  to the  Participant's  Bonus
                              Account   shall  be   debited  by  the  amount  so
                              distributed  such that the amount  credited to the
                              Participant's Bonus Account shall be zero.

                  c.  The  Annual  Distributions  Amount  shall  be  paid in the
      following form:

                        i.    The  portion  of the  Bonus  payable  on the First
                              Distribution  Date  shall be paid in cash based on
                              the Value of the shares of Common  Stock  required
                              to be distributed; and

                        ii.   One half of the  portion  of the Bonus  payable on
                              the  Second   Distribution   Date  and  the  Third
                              Distribution  Date shall be  distributed in shares
                              of Common  Stock and the other half of

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<PAGE>

                              the  portion  of the Bonus  payable  on the Second
                              Distribution Date and the Third  Distribution Date
                              shall be paid in cash  based  on the  Value of the
                              shares of Common Stock required to be distributed.

                  d. In the event that a payment is called  for  hereunder  to a
      Participant  who  is  deceased,   such  payment  shall  be  made  to  such
      Participant's Beneficiary.

            7. Effect of Termination of Employment.

                  a. In the event the Participant's  employment with the Company
      is terminated  for any reason  during the  Performance  Period,  no credit
      provided  for by Section 5 shall  thereafter  be made with  respect to the
      Participant's  Bonus Account and the Participant  shall not be entitled to
      any payment  under  Section 6 or have any other rights with respect to the
      Bonus.

                  b.  In  the  event  the  Participant   voluntarily  terminates
      employment  with the Company at any time after the end of the  Performance
      Period,  the  Participant  shall  forfeit any amount then  credited to the
      Participant's Bonus Account that had not vested in accordance with Section
      6 hereof and any vested amount shall be paid in accordance  with Section 6
      hereof;  provided that, if the Participant shall have reached age 62 prior
      to  any  such  voluntary  termination,  50% of the  unvested  amount  then
      credited to the Participant's  Bonus Account shall vest and be distributed
      to the Participant in accordance with the otherwise applicable  provisions
      of this Agreement and the remainder shall be forfeited and the Participant
      shall not be entitled  to any other  payment  under  Section 6 or have any
      other rights with respect to the Bonus.

                  c. In the event the Participant's  employment with the Company
      terminates at any time after the end of the Performance  Period due to the
      Participant's  death or Disability,  or is terminated by the Company other
      than  for  Cause,  50%  of  the  unvested  amount  then  credited  to  the
      Participant's   Bonus  Account  shall  vest  and  be  distributed  to  the
      Participant in accordance with the otherwise applicable provisions of this
      Agreement and the remainder shall be forfeited and the  Participant  shall
      not be entitled  to any other  payment  under  Section 6 or have any other
      rights with respect to the Bonus.

                  d. In the  event  the  Company  terminates  the  Participant's
      employment  for Cause,  the  Participant  shall  forfeit all amounts  then
      credited to the Participant's  Bonus Account and the Participant shall not
      be entitled to any other  payment under Section 6 or have any other rights
      with respect to the Bonus.

                                       5
<PAGE>

                  e. If counsel to the Committee  notifies the Committee  that a
      distribution provided for by this Section 7 should be deferred in order to
      avoid having a tax imposed on the Participant by Section 409A of the Code,
      then the  distribution  shall be deferred for as long as and to the extent
      determined by the Committee to avoid the imposition of any such tax.

            8.  Modification  and  Waiver.  Except as  provided in the Plan with
respect to determinations of the Committee and subject to the Company's Board of
Directors'  right to amend the Plan,  neither this  Agreement  nor any provision
hereof can be  changed,  modified,  amended,  discharged,  terminated  or waived
orally or by any course of dealing or purported  course of dealing,  but only by
an  agreement in writing  signed by the  Participant  and the  Company.  No such
agreement  shall  extend  to or  affect  any  provision  of this  Agreement  not
expressly changed, modified, amended, discharged, terminated or waived or impair
any right  consequent  on such a provision.  The waiver of or failure to enforce
any breach of this Agreement  shall not be deemed to be a waiver or acquiescence
in any other breach thereof.

            9. Notices. All notices and other communications  hereunder shall be
in  writing,  shall be deemed to have been  given if  delivered  in person or by
first-class registered or certified mail, return receipt requested, and shall be
deemed to have been  given  when  personally  delivered  or five (5) days  after
mailing to the  following  address (or to such other address as either party may
have  furnished  to the others in writing in  accordance  herewith,  except that
notices of change of address shall only be effective upon receipt):

                  If to the Company:

                           Albany International Corp.
                           1373 Broadway
                           Menands, New York 12204
                           Fax:  (518) 447-6575
                           Attention:  Legal Department

            If to the Participant, to the most recent address of the Participant
that the Company has in its records.

            10. Participant Acknowledgement. The Participant hereby acknowledges
receipt of a copy of the Plan.

            11.  Incorporation of the Plan. All terms and provisions of the Plan
are  incorporated  herein  and made  part  hereof as if  stated  herein.  If any
provision  hereof  and of the Plan shall be in  conflict,  the terms of the Plan
shall govern.  All  capitalized  terms used herein and not defined  herein shall
have the meanings assigned to them in the Plan.

            12.  Counterparts.  This  Agreement  may be  executed in two or more
counterparts, each of which shall be deemed to be an original, but each of which
together shall constitute one and the same document.

            13. Governing Law; Choice of Forum. This Agreement shall be governed
by and  interpreted  in  accordance  with New York  law,  without  regard to its
conflicts of law

                                       6
<PAGE>

principles,  and the parties hereby submit to the jurisdiction of the courts and
tribunals of New York.

            14. Binding Effect.  This Agreement shall be binding upon,  inure to
the benefit of, and be enforceable by the heirs,  personal  representatives  and
successors  of the  parties  hereto.  Nothing  expressed  or referred to in this
Agreement  is intended or shall be  construed  to give any person other than the
parties to this Agreement,  or their respective heirs, personal  representatives
or  successors,  any legal or  equitable  rights,  remedy  or claim  under or in
respect of this Agreement or any provision contained herein.

            15. Severability. If any term, provision, covenant or restriction of
this Agreement is held by a court of competent  jurisdiction to be invalid, void
or  unenforceable,  the  remainder  of  the  terms,  provisions,  covenants  and
restrictions  of this Agreement  shall remain in full force and effect and shall
in no way be affected, impaired or invalidated.

            16. Miscellaneous.  The headings contained in this Agreement are for
reference  purposes  only  and  shall  not  affect  in any  way the  meaning  or
interpretation of this Agreement.

      IN WITNESS  WHEREOF,  the Company and the  Participant  have duly executed
this Award Agreement as of the Award Date specified above.

                                            ALBANY INTERNATIONAL CORP.

                                            By: ________________________________
                                                 Name:
                                                 Title:

                                            By: ________________________________

                                       7exv10w1

Exhibit
10.1

First American Title Company

5 First American Way, Santa Ana, CA 92707

Phone - (714)250-5381 Fax - (714)913-6372

AMENDED/SUPPLEMENTAL ESCROW INSTRUCTIONS

			
	 	 	 
	To: First American Title Company
	 	February 24, 2009
	 
	 	File No:   OSA-3152741 (jg)
	 	 	 
	Re: APN 349-240-043-9, Lake Elsinore, CA	 	 

The above referenced escrow is hereby modified in the following particulars only:

Close of Escrow: The Close of Escrow is hereby amended to be on or before: April 15, 2009.

ALL OTHER TERMS AND CONDITIONS OF THIS ESCROW WILL REMAIN THE SAME.

	 	 	 	 	 
	TSG Little Valley, L.P., a California
limited partnership	 	 
	 
	 	 	 	 
	By:

	 	Portfolio Partners, Inc., a
California	 	 
	 

	 	corporation, its General Partner	 	 
	 
	 	 	 	 
	

By::

	 	/s/ Stevan J. Gromet
 
STEVAN J. GROMET

Its: President
	 	 

Page 1 of 2

 

			
	 	 	 
	First American Title Company
	 	File No.:OSA-3152741 (jg )

	 	 	 	 	 
	Shopoff Advisors, L.P., a Delaware
limited partnership	 	 
	 
	 	 	 	 
	By:

	 	The Shopoff Corporation, a Delaware	 	 
	 

	 	corporation, its General Partner	 	 
	 
	 	 	 	 
	

By:: 
	 	/s/ William A. Shopoff
 
William A. Shopoff

Its: President and CEO
	, 	 

Page 2 of 2

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