Document:

Consent Letter

 Exhibit 10.1 
 Consent Letter 
 November 2, 2007 
 Alfa Corporation 
 2108 East South Boulevard 
 P.O. Box 11000 
 Montgomery, Alabama 36191-0001 
 Attention: Chief Financial Officer 
 Ladies and Gentlemen: 
 Reference is hereby made to that certain Third Amended and Restated Credit Agreement dated as of May 23, 2003 (as amended from time to time through the date hereof, the “Credit Agreement”) among Alfa
Corporation (the “Company”), Alfa Financial Corporation, Alfa Life Insurance Corporation, Alfa Insurance Corp., Alfa General Insurance Corp., the lenders from time to time a party thereto (the “Lenders”) and AmSouth Bank, as
agent for the Lenders. 
 Notwithstanding Section 6.9 of the Credit Agreement, the undersigned Lenders hereby consent to the entering into of an
Agreement and Plan of Merger among the Company, Alfa Mutual Insurance Company, Alfa Mutual Fire Insurance Company and Alfa Delaware Merger Sub, Inc. (“Merger Sub”) pursuant to which Merger Sub will merge with and into the Company with the
Company being the surviving corporation. The undersigned Lenders hereby agree that the entering into of such Agreement and Plan of Merger will not cause or result in an “Unmatured Default” or an “Event of Default” (as each such
term is defined in the Credit Agreement). 
 The Company acknowledges and agrees that, except for the foregoing consent and agreement, the terms and
provisions of the Credit Agreement shall remain in full force and effect without modification or amendment. 
 This Consent Letter may be executed in any
number of counterparts, each of which shall be deemed to be an original and shall be binding upon all parties, their successors and assigns and delivered by PDF, telecopier or other facsimile transmission all with the same force and effect as if the
same were a fully executed and delivered original manual counterpart. 
 [Signatures on following pages] 

			
	REGIONS BANK, as Agent and a Lender
		
	By:	 	 /s/

	Title:	 	Vice President

  

			
	Revolving Credit Commitment:	 	$85,000,000

  

 - 2 - 

			
	KEYBANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Mary K. Young

	Title:	 	Senior Vice President

  

			
	Revolving Credit Commitment:	 	$20,000,000

  

 - 3 - 

			
	WACHOVIA BANK, N.A., as a Lender
		
	By:	 	 /s/

	Title:	 	Vice President

  

			
	Revolving Credit Commitment:	 	$42,500,000

  

 - 4 - 

			
	SUNTRUST BANK, as a Lender
		
	By:	 	 /s/ William B. Hamilton

	Title:	 	Director

  

			
	Revolving Credit Commitment:	 	$37,500,000

  

 - 5 - 

			
	COMPASS BANK, as a Lender
		
	By:	 	  

	Title:	 	  

  

			
	Revolving Credit Commitment:	 	$30,000,000

  

 - 6 - 

			
	U.S. BANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/

	Title:	 	Vice President

  

			
	Revolving Credit Commitment:	 	$27,500,000

  

 - 7 - 

			
	COLONIAL BANK, as a Lender
		
	By:	 	 /s/

	Title:	 	Assistance Vice President

  

			
	Revolving Credit Commitment:	 	$10,000,000

  

 - 8 - 

			
	WHITNEY NATIONAL BANK, as a lender
		
	By:	 	 /s/

	Title:	 	Senior Vice President

  

			
	Revolving Credit Commitment:	 	$17,500,000

  

 - 9 - 

			
	COMERICA BANK, as a Lender
		
	By:	 	 /s/ De Von Lang

	Title:	 	Corporate Banking Officer

  

			
	Revolving Credit Commitment:	 	$30,000,000

  

 - 10 - 

 Acknowledged by: 
  

			
	ALFA CORPORATION
		
	By:	 	 /s/ Stephen G. Rutledge

	Title:	 	Senior Vice President,
		 	Chief Financial Officer and
		 	Chief Investment Officer

  

 - 11 -Amendment Number One to Employee Stock Purchase Plan

 Exhibit 10.2 
 AMENDMENT NUMBER ONE 
 TO THE 
 ALFA CORPORATION 
 EMPLOYEE STOCK PURCHASE PLAN 
 WHEREAS, Alfa Corporation (the “Corporation”) maintains the Alfa Corporation Employee Stock Purchase Plan (the “Plan”); and

 WHEREAS, pursuant to Section 12 of the Plan, the Board of Directors (“Board”) of the Corporation may amend or terminate the
Plan; and 
 WHEREAS, it is necessary to amend the Plan to provide for suspension of the Plan on November 4, 2007 due to execution of
the merger agreement regarding the proposed merger of the Corporation with a subsidiary of Alfa Mutual Insurance Company and Alfa Mutual Fire Insurance Company, and to further provide for termination of the Plan effective on the closing date of such
merger (the “Closing Date”) (provided, however, that in the event that such merger is not consummated, the Corporation may reinstate the terms of the Plan by further amendment, and the provisions of this Amendment regarding termination of
the Plan will not become effective); 
 NOW, THEREFORE, the Plan is hereby amended as follows: 
 1. Section 3 is amended effective November 4, 2007 by adding to the end thereof the following: “Notwithstanding the foregoing, no
individuals will become eligible to participate in the Plan on or after November 4, 2007.” 
 2. Section 5 is amended effective
November 4, 2007 by adding to the end thereof the following: 
 Notwithstanding the foregoing, effective November 4, 2007, no
Employee or other Eligible Participant may enroll in the Plan or authorize new payroll deductions and purchases thereunder. The payroll deductions and purchase elections for individuals participating in the Plan on such date will be completed with
respect to the two-week purchase period in effect on such date. Following the completion of such purchase period, no new payroll deductions or purchase periods will be commenced under the Plan. 
 3. The Plan is amended effective on the Closing Date (provided that the merger is consummated) to add the following Section 13: 
 13. Termination of the Plan Due to Merger. This Plan will terminate effective on the closing date of the merger of the Corporation with a
subsidiary of Alfa Mutual Insurance Company and Alfa Mutual Fire Insurance Company pursuant to the merger agreement dated November 4, 2007, provided that such merger is consummated. 

 5. All of the terms of the Plan not herein amended shall remain in full force and effect. 
 This the 4th day of November, 2007. 
  

			
	ALFA CORPORATION
		
	By:	 	/s/ Jerry A. Newby
		
	Its:	 	President and Chief Executive
		 	Officer

  

			
	ATTEST:
		
	By:	 	/s/ Angela L. Cooner
		
	Its:	 	Vice President and Associate General
		 	CounselAmendment Number One to 2005 Amended and Restated Stock Incentive

 Exhibit 10.3 
 AMENDMENT NUMBER ONE 
 TO THE 
 ALFA CORPORATION 
 2005 AMENDED AND RESTATED STOCK INCENTIVE PLAN

 WHEREAS, Alfa Corporation (the “Corporation”) maintains the Alfa Corporation 2005 Amended and Restated Stock Incentive Plan
(the “Plan”); and 
 WHEREAS, pursuant to Section 15 of the Plan, the Board of Directors (“Board”) of the
Corporation may amend or terminate the Plan; and 
 WHEREAS, it is necessary to amend the Plan to provide for termination of the Plan
effective on the closing date of the proposed merger of the Corporation with a subsidiary of Alfa Mutual Insurance Company and Alfa Mutual Fire Insurance Company; provided, however, that in the event that such merger is not consummated, the
provisions of this Amendment Number One will not become effective; 
 NOW, THEREFORE, the Plan is hereby amended effective on the closing
date of the merger of the Corporation with a subsidiary of Alfa Mutual Insurance Company and Alfa Mutual Fire Insurance Company pursuant to the merger agreement dated November 4, 2007 (provided that such merger is consummated) as follows:

 1. By adding the following as Section 22: 
 22. Termination of the Plan. Notwithstanding any provision of the Plan to the contrary, the Plan will terminate on the closing date
of the merger of the Corporation with a subsidiary of Alfa Mutual Insurance Company and Alfa Mutual Fire Insurance Company pursuant to the merger agreement dated November 4, 2007 (provided that such merger is consummated). 
 2. All of the other terms of the Plan not herein amended shall remain in full force and effect. 
 This the 4th day of November, 2007. 
  

			
	ALFA CORPORATION
		
	By:	 	/s/ Jerry A. Newby
		
	Its:	 	President and Chief Executive
		 	Officer

  

			
	ATTEST:
		
	By:	 	/s/ Angela L. Cooner
		
	Its:	 	Vice President and Associate General
		 	CounselAmendment Number One to Restricted Stock Bonus Plan

 Exhibit 10.4 
 AMENDMENT NUMBER ONE 
 TO THE 
 ALFA MUTUAL INSURANCE COMPANY 
 RESTRICTED STOCK BONUS PLAN 
 WHEREAS, Alfa Mutual Insurance Company (the “Company”) maintains the Alfa Mutual Insurance Company Restricted Stock Bonus Plan (the
“Plan”); and 
 WHEREAS, pursuant to Section 7 of the Plan, the Board of Directors (“Board”) of the Company may
amend or terminate the Plan; and 
 WHEREAS, it is necessary to amend the Plan to provide that effective November 4, 2007 no new
deferral elections will be allowed under the Plan due to execution of the merger agreement regarding the proposed merger of Alfa Corporation with a subsidiary of the Company and Alfa Mutual Fire Insurance Company; 
 NOW, THEREFORE, the Plan is hereby amended as follows: 
 1. Section 3 is amended effective November 4, 2007 by adding to the end of paragraphs (a) and (b) thereof the following: “Notwithstanding the foregoing, no new deferral elections may be made
effective November 4, 2007.” 
 2. All of the terms of the Plan not herein amended shall remain in full force and effect.

 This the 4th day of November, 2007. 
  

			
	 ALFA MUTUAL INSURANCE COMPANY
  

		
	By:	 	    /s/ Jerry A. Newby
		
	Its:	 	    President and Chief Executive Officer
		 	

  
  

			
	 ATTEST:
  

		
	By:	 	    /s/ Angela L. Cooner
		
	Its:	 	    Vice President and Associate General CounselSpecimen Unit Certificate

 EXHIBIT 4.1 
 SPECIMEN UNIT CERTIFICATE 
  

			
	 NUMBER
	  	 UNITS

 U- 
  

			
	 SEE REVERSE FOR
 CERTAIN

 DEFINITIONS
	  	CUSIP 90212G 208          

 2020 CHINACAP ACQUIRCO, INC. 
 UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND ONE WARRANT 
 EACH TO PURCHASE ONE
SHARE OF COMMON STOCK 
 THIS CERTIFIES THAT                                 
                                        
                                        
                                        
                                        
                
 is the owner of                                 
                                        
                                        
                                        
                             Units. 
 Each Unit ( “Unit”) consists of one (1) share of common stock, par value $.0001 per share (the “Common Stock”), of 2020 CHINACAP ACQUIRCO, INC., a Delaware corporation
(the “Company”), and one warrant (the “Warrant”). Each Warrant entitles the holder to purchase one (1) share of Common Stock for $5.25 per share (subject to adjustment). Each Warrant will become exercisable on the later
of (i) the Company’s completion of a business combination with a target business or (ii)                     , 2008 and will expire
unless exercised before 5:00 p.m., New York City Time, on                       , 2011, or earlier upon redemption (the
“Expiration Date”). The Common Stock and Warrant comprising the Units represented by this certificate may trade separately on the 90th day after the date of the prospectus unless the representative of the underwriters determines that an
earlier date is acceptable; provided, however, in no event will the representative of the underwriters allow separate trading of the Common Stock and Warrants until the Company files with the Securities and Exchange Commission an
audited balance sheet reflecting the Company’s receipt of the gross proceeds of the offering. The terms of the Warrants are governed by a Warrant Agreement, dated as of
                        , 2007, between the Company and Continental Stock Transfer & Trust Company, as Warrant
Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant
Agent at 17 Battery Place, New York, New York 10004, and are available to any Warrant holder on written request and without cost. This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company. 
 Witness the facsimile seal of the Company and the facsimile signature of its duly authorized officers. 
  

							
	 By
	 		 		 	
		 	  
	 		 	  

		 	 Chief Executive Officer
	 		 	 Secretary

  
 2020 CHINACAP ACQUIRCO, INC.

 CORPORATE 
 SEAL 
 2006 
 DELAWARE 
 2020 CHINACAP ACQUIRCO, INC. 

 The Company will furnish without charge to each stockholder who so requests, a statement
of the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights.

 The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though
they were written out in full according to applicable laws or regulations: 
  

			
	 TEN COM-
	  	             as tenants in common

		
	 TEN ENT-
	  	             as tenants by the entireties

		
	 JT TEN-
	  	             as joint tenants with right of survivorship
             and not as tenants in common

  

							
	 UNIF GIFT MIN ACT:
	  	___________	  	 Custodian
	  	___________
		  	(Cust)	  		  	(Minor)
		
		  	    under Uniform Gifts to Minors Act of  ____________
		  	                                        
                             (State)
	  	 (State)

 Additional Abbreviations may also be used though not in the above list. 
 For value received,                                 
     hereby sell, assign and transfer unto                        
                                        
                                 
                                       
                                        
                                        
                                        
                                        
                                        
                    
 (PLEASE PRINT OR
TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE AND INSERT SOCIAL
SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE)                           
                                        
                                        
                 
                                       
                                        
                                        
                                        
                                        
         Units 
 represented by the within Certificate, and do hereby irrevocably constitute and appoint               
                                        
                                     
                                       
                                        
                                        
                                        
                                        
                                        
                    
 Attorney to transfer
the said Units on the books of the within named Company with full power of substitution in the premises. 
  

			
	 Dated:
                                        
                    
	 	 __________________________

		 	 (Name)

		
		 	 NOTICE: The Signature to this assignment
 must correspond with the name as written
 upon the face of the certificate in every
 particular, without alteration or enlargement
 or any change whatever.

 Signature(s) Guaranteed: 
  

	
	  

	 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).

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