Document:

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                                                                    Exhibit 10.3

                             STOCK ESCROW AGREEMENT

      This STOCK ESCROW AGREEMENT, dated as of ________ , 2007 (the "AGREEMENT")
is entered into by and among Alpha Security Group Corporation, a Delaware
corporation (the "COMPANY"), the undersigned parties listed as initial
stockholders on the signature page hereto (collectively, the "INITIAL
STOCKHOLDERS") and American Stock Transfer & Trust Company, a Delaware
corporation (the "ESCROW AGENT").

      WHEREAS, the Company has entered into an Underwriting Agreement, dated
____, 2007 ("UNDERWRITING AGREEMENT") with Maxim Group LLC ("MAXIM") acting as
representative (the "REPRESENTATIVE") of the several underwriters (collectively
with Maxim, the "UNDERWRITERS"), pursuant to which, among other matters, the
Underwriters have agreed to purchase 6,000,000 units (the "UNITS") of the
Company (not including the Underwriters' over-allotment option). Each Unit
consists of one share of the Company's common stock, par value $.0001 per share
(the "COMMON STOCK"), and one warrant (the "WARRANT" and, collectively, the
"WARRANTS") to purchase one share of Common Stock, all as more fully described
in the Company's definitive Prospectus, dated , 2007 (the "PROSPECTUS")
comprising part of the Company's registration statement (the "REGISTRATION
STATEMENT") on Form S-1 (File No. 333-127999) filed with the Securities and
Exchange Commission (the "COMMISSION") pursuant to the Securities Act of 1933,
as amended (the "ACT") and declared effective by the Commission on , 2007 (the
"EFFECTIVE DATE").

      WHEREAS, the Initial Stockholders have agreed, as a condition of the
Underwriters' obligation to purchase the Units and to offer them to the public
pursuant to the Underwriting Agreement, to deposit all of their shares of Common
Stock (collectively the "ESCROW SHARES"), as set forth opposite their respective
names in Exhibit A attached hereto, in escrow as hereinafter provided.

      WHEREAS, the Company and the Initial Stockholders desire that the Escrow
Agent accept the Escrow Shares, in escrow, to be held and disbursed as
hereinafter provided.

      NOW THEREFORE, IT IS AGREED:

      1. Appointment of Escrow Agent. The Company and the Initial Stockholders
hereby appoint the Escrow Agent as escrow agent to act in accordance with and
subject to the terms of this Agreement and the Escrow Agent hereby accepts such
appointment and agrees to act in accordance with and subject to such terms.

      2. Deposit of Escrow Shares. On or before the Effective Date, each of the
Initial Stockholders shall deliver to the Escrow Agent certificates representing
his or her respective Escrow Shares, to be held and disbursed subject to the
terms and conditions of this Agreement. Each Initial Stockholder acknowledges
that the certificate representing his or her Escrow Shares is legended to
reflect the deposit of such Escrow Shares under this Agreement, it being agreed
that such legend shall be removed upon the disbursement of the Escrow Shares, as
described in Section 3 below.

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      3. Disbursement of the Escrow Shares. Except as set forth herein, the
Escrow Agent shall hold the Escrow Shares for a period (the "ESCROW PERIOD")
expiring on the earliest of: (i) the third anniversary of the Effective Date,
(ii) the approval by the Public Stockholders (as defined in the Registration
Statement) of the release of the Escrow Shares from escrow and (iii) eighteen
(18) months following the consummation of a liquidation, merger, stock exchange
or other similar transaction, which results in all of the Company's stockholders
having the right to exchange their shares of Common Stock for cash, securities
or other property subsequent to the consummation of a Business Combination. Upon
the expiration of the Escrow Period, upon written instructions from each Initial
Stockholder, the Escrow Agent shall disburse each of the Initial Stockholder's
Escrow Shares in accordance with such instruction from each Initial Stockholder;
provided, however, that, if the Escrow Agent is notified by the Company pursuant
to Section 6.7 hereof that the Company has been liquidated at any time during
the Escrow Period, then the Escrow Agent shall promptly destroy the certificates
representing the Escrow Shares. The Escrow Agent shall have no further duties
hereunder after the disbursement or destruction of the Escrow Shares in
accordance with this Section 3.

      4. Rights of Initial Stockholders in Escrow Shares.

            4.1 Voting Rights as a Stockholder. Subject to the terms of the
Insider Letter described in Section 4.4 hereof, and except as herein provided,
the Initial Stockholders shall retain all of their rights as stockholders of the
Company during the Escrow Period, including, without limitation, the right to
vote their respective Escrow Shares.

            4.2 Dividends and Other Distributions in Respect of the Escrow
Shares. During the Escrow Period, all dividends payable in cash with respect to
the Escrow Shares shall be paid to the Initial Stockholders. All dividends
payable in Common Stock with respect to the Escrow Shares (the "NON-CASH
DIVIDENDS") shall be delivered to the Escrow Agent to hold in escrow, in
accordance with the terms hereof. As used herein, the term "Escrow Shares" shall
be deemed to include the Non-Cash Dividends distributed thereon, if any.

            4.3 Restrictions on Transfer. During the Escrow Period, no sale,
transfer or other disposition may be made of any of the Escrow Shares except (i)
by gift to a member of Initial Stockholder's Immediate Family or to a trust or
other entity, the beneficiary of which is such Initial Stockholder or a member
of such Initial Stockholder's Immediate Family, (ii) by virtue of the laws of
descent and distribution upon the death of an Initial Stockholder, or (iii)
pursuant to a qualified domestic relations order; provided, however, that
such permissive transfers may be implemented only upon the respective
transferee's written agreement to be bound by the terms and conditions of this
Agreement and of the Insider Letter executed by the Initial Stockholder
transferring the Escrow Shares. During the Escrow Period, the Initial
Stockholders shall not pledge or grant a security interest in the Escrow Shares
or grant a security interest in their rights under this Agreement. For purposes
of this Agreement, the term "IMMEDIATE FAMILY" shall mean the spouse, siblings,
parents or children of an Initial Stockholder.

            4.4 Insider Letters. Each of the Initial Stockholders has executed a
letter agreement (each the "INSIDER LETTER" and, collectively, the "INSIDER
LETTERS"), dated as of the Effective Date, with the Representative and the
Company, concerning the rights and obligations

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of such Initial Stockholder with respect to the Escrow Shares in certain events,
including, but not limited to, the liquidation of the Company. Each Insider
Letter is filed as exhibit to the Registration Statement.

            4.5 Forfeiture and Cancellation of Escrow Shares. In the event that
more than 20% of the holders (the "PUBLIC STOCKHOLDERS") of Common Stock
underlying the Units sold pursuant to the Registration Statement exercise their
redemption rights in connection with the approval of a Business Combination (as
defined in the Underwriting Agreement), a proportional percentage of the Escrow
Shares will automatically, and without any further action required by the
Company or the Initial Stockholders, be forfeited by the Initial Stockholders
upon consummation of the Business Combination and cancelled. The percentage of
Escrow Shares forfeited and cancelled will only be equal to the percentage of
redemptions above 20% and will be pro rata among the Initial Stockholders based
on the number of Escrow Shares held by them. The Escrow Agent is authorized to
deliver to the Company's transfer agent certificates representing the Escrow
Shares to be cancelled.

      5. Concerning the Escrow Agent.

            5.1 Good Faith Reliance. The Escrow Agent shall not be liable for
any action taken or omitted by it in good faith and in the exercise of its own
best judgment, and may rely conclusively, and shall be protected in acting upon,
any order, notice, demand, certificate, opinion or advice of counsel (including
counsel chosen by the Escrow Agent), statement, instrument, report or other
paper or document (not only as to its due execution and the validity and
effectiveness of its provisions, but also as to the truth and acceptability of
any information therein contained), which is reasonably believed by the Escrow
Agent to be genuine and to be signed or presented by the proper person or
persons. The Escrow Agent shall not be bound by any notice or demand, or any
waiver, modification, termination or rescission of this Agreement, unless
evidenced by a writing delivered to the Escrow Agent signed by the proper party
or parties and, if the duties or rights of the Escrow Agent are affected, unless
the Escrow Agent shall have given its prior written consent thereto.

            5.2 Indemnification. The Escrow Agent shall be indemnified and held
harmless by the Company from and against any expenses, including counsel's fees
and expenses, or loss suffered by the Escrow Agent in connection with any
action, suit or other proceeding involving any claim, which in any way, directly
or indirectly, arises out of or relates to this Agreement, the services of the
Escrow Agent hereunder, or the Escrow Shares held by it hereunder, other than
expenses or losses arising from the gross negligence or willful misconduct of
the Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of
any demand or claim or the commencement of any action, suit or proceeding, the
Escrow Agent shall notify the other parties hereto in writing. In the event of
the receipt of such notice, the Escrow Agent, in its sole discretion, may
commence an action in the nature of interpleader in an appropriate court to
determine ownership or disposition of the Escrow Shares or it may deposit the
Escrow Shares with the clerk of any appropriate court or it may retain the
Escrow Shares pending receipt of a final, non-appealable order of a court having
jurisdiction over all of the parties hereto directing to whom and under what
circumstances the Escrow Shares are to be disbursed and delivered. The
provisions of this Section 5.2 shall survive in the event the Escrow Agent
resigns or is discharged pursuant to Sections 5.5 or 5.6 below.

            5.3 Compensation. The Escrow Agent shall be entitled to reasonable
compensation from the Company for all services rendered by it hereunder, as set
forth on Exhibit B hereto. The Escrow Agent shall also be entitled to
reimbursement from the Company for all reasonably expenses paid or incurred by
it in the administration of its duties hereunder including, but not limited to,
all counsels', advisors' and agents' fees and expenses and all taxes or other
governmental charges.

            5.4 Further Assurances. From time to time on and after the date
hereof, the Company and the Initial Stockholders shall deliver or cause to be
delivered to the Escrow Agent such further documents and instruments and shall
do or cause to be done such further acts as the Escrow Agent shall reasonably
request to carry out more effectively the provisions and purposes

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of this Agreement, to evidence compliance herewith or to assure itself that it
is protected in acting hereunder.

            5.5 Resignation. The Escrow Agent may resign at any time and be
discharged from its duties as escrow agent hereunder by its giving the other
parties hereto written notice and such resignation shall become effective as
hereinafter provided. Such resignation shall become effective at such time that
the Escrow Agent shall turn over to a successor escrow agent appointed by the
Company and approved by the Representative, the Escrow Shares held hereunder. If
no new escrow agent is so appointed within the 60 day period following the
giving of such notice of resignation, the Escrow Agent may deposit the Escrow
Shares with any court it deems appropriate.

            5.6 Discharge of Escrow Agent. The Escrow Agent shall resign and be
discharged from its duties as escrow agent hereunder if so requested in writing
at any time by the other parties hereto, jointly, provided, however, that such
resignation shall become effective only upon acceptance of appointment by a
successor escrow agent as provided in Section 5.5 hereof.

            5.7 Liability. Notwithstanding anything herein to the contrary, the
Escrow Agent shall not be relieved from liability hereunder for its own gross
negligence or its own willful misconduct.

      6. Miscellaneous.

            6.1 Governing Law. This Agreement shall for all purposes be deemed
to be made under and shall be construed in accordance with the laws of the State
of New York. Each of the parties hereby agrees that any action, proceeding or
claim against it arising out of or relating in any way to this Agreement shall
be brought and enforced in the courts of the State of New York or the United
States District Court for the Southern District of New York, and irrevocably
submits to such jurisdiction, which jurisdiction shall be exclusive. Each of the
parties hereby waives any objection to such exclusive jurisdiction and that such
courts represent an inconvenient forum.

            6.2 Third Party Beneficiaries. Each of the Initial Stockholders
hereby acknowledges that the Underwriters are third party beneficiaries of this
Agreement and this Agreement may not be modified or changed without the prior
written consent of the Representative.

            6.3 Entire Agreement. This Agreement contains the entire agreement
of the parties hereto with respect to the subject matter hereof and, except as
expressly provided herein, may not be changed or modified except by an
instrument in writing signed by the party to the charged.

            6.4 Headings. The headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or
interpretation thereof.

            6.5 Binding Effect. This Agreement shall be binding upon and inure
to the benefit of the respective parties hereto and their legal representatives,
successors and assigns.

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            6.6 Notices. Any notice or other communication required or which may
be given hereunder shall be in writing and either be delivered personally or by
private national courier service, or be mailed, certified or registered mail,
return receipt requested, postage prepaid, and shall be deemed given when so
delivered personally or, if sent by private national courier service, on the
next business day after delivery to the courier, or, if mailed, two business
days after the date of mailing, as follows:

            If to the Company, to:

            Alpha Security Group Corporation
            328 West 77th Street
            New York, New York 10024
            Attn: Steven M. Wasserman, Chief Executive Officer
            Fax: (212) 877-6249

            If to a Stockholder, to his address set forth in Exhibit A.

            and if to the Escrow Agent, to:

            American Stock Transfer & Trust Company
            59 Maiden Lane
            New York, New York 10038
            Attn: Herbert J. Lemmer
            Fax: (718) 331-1852

            A copy of any notice sent hereunder shall be sent to:

            Ellenoff, Grossman & Schole LLP
            370 Lexington Avenue
            New York, New York 10017
            Attn: Douglass S. Ellenoff, Esq.
            Fax: (212) 370-7889

            and:

            Maxim Group LLC
            405 Lexington Avenue
            New York, New York 10174
            Attn: Clifford A. Teller
            Fax: (212) 895-3783

            and:

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            Eiseman Levin Lehrhaupt & Kakoyianis, P.C.
            805 Third Avenue
            New York, New York 10022
            Attn: Sam Schwartz, Esq,
            Fax: (212) 355-4608

      The parties may change the persons and addresses to which the notices or
other communications are to be sent by giving written notice to any such change
in the manner provided herein for giving notice.

            6.7 Liquidation of Company. The Company shall give the Escrow Agent
written notification of the liquidation and dissolution of the Company in the
event that the Company fails to consummate a Business Combination within the
time period(s) specified in the Prospectus.

            6.8 Counterparts. This Agreement may be executed in several
counterparts each one of which shall constitute an original and may be delivered
by facsimile transmission and together shall constitute one instrument.

                            [Signature Page Follows]

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      WITNESS the execution of this Agreement as of the date first above
written.

                                   ALPHA SECURITY GROUP CORPORATION

                                   By: _________________________________________
                                       Name: Steven M. Wasserman
                                       Title: Chief Executive Officer and
                                               President

                                   INITIAL STOCKHOLDERS:

                                   _____________________________________________
                                   Steven M. Wasserman

                                   _____________________________________________
                                   Constantinos Tsakiris

                                   _____________________________________________
                                   Robert B. Blaha

                                   Tukwila Group, LLC

                                   By: _________________________________________
                                       Name:
                                       Title:

                                   _____________________________________________
                                   Gary E. Johnson

                                   _____________________________________________
                                   Michael Weinstein

                                   _____________________________________________
                                   Robert T. Herres

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                                   _____________________________________________
                                   Carol A. DiBattiste

                                   _____________________________________________
                                   Ronald R. Fogleman

                                   _____________________________________________
                                   Laura Haffner

                                   AMERICAN STOCK TRANSFER & TRUST COMPANY

                                   By: _________________________________________
                                       Name:
                                       Title:

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                                    EXHIBIT A

<TABLE>
<CAPTION>
                                           Number         Stock
Name and Address of Initial Stockholder  of Shares  Certificate Number
---------------------------------------  ---------  ------------------
<S>                                      <C>        <C>
Steven M. Wasserman                        750,000
Constantinos Tsakiris                       50,000
Robert B. Blaha                            400,000
Tukwila Group, LLC                          80,000
Gary E. Johnson                             50,000
Michael Weinstein                           50,000
Robert T. Herres                            50,000
Carol A. DiBattiste                         50,000
Ronald A. Fogleman                          50,000
Laura Haffner                               50,000
</TABLE>

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                                    EXHIBIT B

Escrow Agent Fees

     [$ ] annually for acting agent escrow fee.

     Initial acceptance fee and first year agent fee to be paid at closing.

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                                                                  Exhibit 10.6.3

                        ALPHA SECURITY GROUP CORPORATION
                              328 West 77th Street
                            New York, New York 10024

                                                                March 16, 2007

Mr. Steven M. Wasserman
328 West 77th Street
New York, New York 10024

Dear Mr. Wasserman:

         By signing and dating this letter where indicated below, you hereby
agree with Alpha Security Group Corporation ("Alpha") as follows:

         1.       You shall loan to Alpha, upon Alpha's request, up to Two
                  Hundred Fifty Thousand ($250,000) Dollars (the "Loan"), in
                  addition to any and all sums previously advanced by you to
                  Alpha, to be utilized by Alpha for the payment of costs and
                  expenses associated with the offer and sale by Alpha of
                  6,000,000 shares of its common stock in a public offering
                  underwritten by Maxim Group LLC and I-Banker Securities, Inc.
                  (the "Offering").

         2.       No interest shall accrue on the unpaid principal balance of
                  the Loan.

         3.       The principal balance of this Loan shall be repayable within
                  ninety (90) days of the date on which Alpha consummates the
                  Offering, from interest earned on the trust account, as set
                  forth in the Registration Statement on Form S-1 relating to
                  the Offering.

         4.       This Agreement shall be construed in accordance with and
                  enforced in accordance with the laws of the State of New York,
                  without regard to the principles of conflicts of laws.

         5.       Any provision contained in this Agreement which is prohibited
                  or unenforceable in any jurisdiction shall, as to such
                  jurisdiction, be ineffective to the extent of such prohibition
                  or unenforceability without invalidating the remaining
                  provisions hereof, and any such prohibition or
                  unenforceability in any jurisdiction shall not invalidate or
                  render unenforceable such provision in any other jurisdiction.

         6.       This agreement supercedes in its entirety that certain letter
                  agreement regarding the Loan dated January 12, 2007

                                                 ALPHA SECURITY GROUP
                                                 CORPORATION

                                                 By: /s/ Robert B. Blaha
                                                     -----------------------
                                                     Robert B. Blaha
                                                     Chief Management Officer
ACCEPTED AND AGREED TO:

/s/ Steven M. Wasserman
-----------------------------
Steven M. Wasserman
Date: March 16, 2007

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