Document:

Vehicle
Usage Agreement

      

      Party
A:                                   (hereinafter
referred to as Party A)

      

      Party
B:                                    (hereinafter referred to
as Party B)

      

      Party A
and Party B have reached the following agreement on matters of personal usage of
vehicles:

       

      I. Party
A's rights and responsibilities

       

      
        
          	
                	
                  1,

                	
                  Party
      A uses the front incentive approach purchasing a vehicle under the name of
      Party B (including using Party B’s name for registration, applying for a
      license, applying for a
loan):

                

        

      

       

      *Car
purchase contract number:  ___________。

       

      *Car loan
contract number:  ___________。

       

      * Vehicle
model:  ___________。

       

      * Vehicle
registration certificate number: ___________。

       

      * License
plate number: ___________。

       

      * Vehicle
permit number: ___________。

       

      * Date of
purchase: ___________。

       

      *
Purchase price: RMB__________________yuan;

       

      (Including:
the amount of down payment in RMB:_____________;

       

      monthly
repayment (RMB): _____________

      loan
term: _____________)。

       

      *insurance
cost: RMB: _____________________。

       

      * Other
costs: RMB: _____________________。

       

      *Total:
RMB: _____________________。

       

      
        
          	
                	
                  2.

                	
                  Party
      A pays the down payment of the vehicles and the insurance, vehicle/boat
      tax, maintenance fee as required by laws in the agreement term, which
      should be all paid by the owner of the
vehicle.

                

        

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      
        	
              	
                3.

              	
                Party
      B must meet the following conditions in order to receive the benefits of
      the full monthly payment and related expenses from Party
  A:

              

      

      
         

        a, The
existence of employment between two parties; and

      

      
         

        b, Party
B meets Party A’s requirements of performance evaluation standards or business
indicators (see details of the evaluation rules and performance
responsibilities).

         

      

      
        	
              	
                4,

              	
                During
      the term of the agreement, for whatever reason both parties terminate the
      employment or the expiry of the agreement, in accordance with 5th
      term of Article II under the agreement, Party B returns the vehicle and
      changes the vehicle registration to Party A or any third party designated
      by Party A. Party A shall be responsible for continuing the payment for
      the vehicle to repay above-mentioned bank loans, or repaying the remaining
      of the loans in lump sum to terminate the incentive
    agreement.

              

      

       

      
        	
              	
                5,

              	
                The
      vehicle maintenance shall be arranged by Party A and the related costs
      shall be paid by Party A.

              

      

       

      
        	
                 

                 

              	
                6,

              	
                Both
      parties acknowledge that, despite the vehicle being registered in the name
      of Party B, Party A always has the vehicle ownership, and Party A has the
      right without any condition to require Party B at any time to change the
      vehicle registration to Party A or other third party designated by Party
      A.

              

      

       

      
        	
                 

                 

              	
                7,

              	
                For
      any vehicle-related obligations or responsibilities that are attributable
      to Party B (including but not limited to, loss, damages, fines and other
      related costs), Party A shall bear all such obligations or
      responsibilities. For such loss or other liability suffered by Party B,
      Party A should be given timely and adequate compensation to Party
      B.

              

      

      

      II. Party
B's rights and responsibilities

      
        	
              	
                1,

              	
                Party
      B agrees that Party A uses the front incentive approach purchasing a
      vehicle under the name of Party B (including using Party B’s name for
      registration, applying for a license, applying for a
  loan).

              

      

       

      
        	
              	
                2,

              	
                During
      the existence of employment between two parties, Party B has the right to
      use the vehicle and the usage of vehicle is limited to the purposes of
      work and life. During the term of the agreement, Party B is not
      unauthorized to sell, lease, loan, guaranty or other disposition behavior
      of the vehicle on its behalf, otherwise Party A has the right to terminate
      Party B’s usage right of the vehicle and recover the purchase cost and
      bank interest paid by Party A from Party B and 20% of the total related
      expenses paid by Party A as the liquidated damages in accordance with the
      agreement and has the right to pursue other legal
      responsibility.

              

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      
        	
              	
                3,

              	
                In
      the course of the vehicle usage, any obligations or liabilities occurred
      due to the usage of Party B or its breach of the relevant regulations or
      other reasons attributable to Party B (including but not limited to fuel
      costs, losses, damages, fines and other related costs) shall be borne by
      Party B; except when Party A deploys the vehicles and the fault occurs
      when Party B was not the driver.

              

      

       

      
        	
              	
                4,

              	
                During
      the term of the agreement, if Party B seriously violates Party A’s company
      system and causes Party A’s serious economic losses or negative effect,
      Party A has the right to recover the vehicle and related costs shall be
      borne by Party B, such as the vehicle ownership transfer fees and taxes
      and Party A has the right to pursue damages or other legal liabilities of
      Party B.

              

      

       

      
        	
                 

                 

              	
                5,

              	
                During
      the term of the agreement, for whatever reason both parties terminate the
      employment or the expiry of the agreement, Party B shall be in accordance
      with the requirements of Party A to terminate the use of the vehicle and
      return the vehicle to the location designated by Party A, and within a
      specified period, without any conditions Party A changes the vehicle
      registration to Party A or other third party designated by Party
      A.  Any costs associated with the change of vehicle registration
      shall be borne by Party
[   ].

              

      

       

      
        	
                 

                 

              	
                6.

              	
                If
      Party B refuses to perform the above-mentioned obligations, within 10 days
      after the expiration of the designated period of Party A that Party B
      still has not returned the vehicle and changed the vehicle registration,
      Party A shall have the right to recover the purchase cost and bank
      interest paid by Party A from Party B, and all the related expenses paid
      by Party A as the liquidated damages in accordance with the agreement and
      has the right to pursue other legal responsibility of Party B, at the same
      time Party B should continue to bear the obligations in relation to the
      above-mentioned vehicle-related bank
repayments.

              

      

       

      III. The
agreement becomes effective after signed by both parties and the term of the
agreement is ten (10) years.

       

      IV. The
agreement contains two copies and both parties have one copy each of the same
effect.

       

    

    
      
        
          
            
              
                
                  	
                          Party
      A:

                        	
                          Party
      B:

                        
	
                          Signature:

                        	
                           Signature:

                        
	
                          200  Month
      date

                        	
                          200  Month
      dateex10-1.htm

Exhibit 10.1

AMENDMENT TO BUSINESS RELATIONS AGREEMENT

 

THIS AMENDMENT TO BUSINESS RELATIONS AGREEMENT, dated as of June 17, 2009 by and between American Biltrite Inc., a Delaware corporation (“ABI”) and Congoleum Corporation, a Delaware corporation (“Congoleum”);

 

WITNESSETH:

 

THAT WHEREAS, ABI and Congoleum are parties to a Business Relations Agreement, dated as of March 11, 1993 (the “Business Relations Agreement”), as amended August 9, 1997, and as renewed annually through March 11, 2008, and as amended March 11, 2008 and
September 23, 2008, pursuant to which Congoleum granted to ABI the exclusive right and license (except as to Congoleum itself) to distribute Congoleum’s vinyl, vinyl composition and other floor tile in Canada, subject to certain terms and conditions set forth in the Business Relations Agreement, as amended;

 

NOW, THEREFORE, in consideration of the agreement set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

	
  
	
1.
	
Extension of Term.  The term of the Business Relations Agreement is renewed until the earlier of (a) the effective date of a plan of reorganization for Congoleum Corporation, et al., following a final order of confirmation, or (b) March 31, 2010.

 

	
  
	
2.
	
Ratification.  Each of ABI and Congoleum hereby ratifies and confirms all of the terms and provisions of the Business Relations Agreement, as amended hereby.

 

	
  
	
3.
	
Counterparts.  This Amendment to Business Relations Agreement may be executed in one or more counterparts, each of which shall be an original but all of which shall collectively constitute a single instrument.

 

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment to Business Relations Agreement as of the date first above written.

 

	  	
AMERICAN BILTRITE INC.

	 	 
	  	
By:

	 	 
	  	
/s/ Richard G. Marcus   

	  	
Name:  Richard G. Marcus

Title:    President

	  	  
	 	 
	  	
CONGOLEUM CORPORATION

	 	 
	  	
By:

	 	 
	  	
/s/ Roger G. Marcus   

	  	
Name:  Roger S. Marcus

Title:    Chief Executive Officer

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