Document:

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                                                                    Exhibit 10.1

                                    FORM OF
                               LOCK-UP AGREEMENT

     THIS AGREEMENT (the "Agreement"), is made and entered into by the
undersigned (each, a "Restricted Shareholder") as of the ____ day of ________,
2000.  Capitalized terms used herein and not otherwise herein defined shall have
the meanings set forth for such terms in the Merger Agreement (as defined
below).

     WHEREAS, IFCO Systems N.V., a public limited liability company organized
under the laws of the Netherlands ("IFCO Systems"), IFCO Europe Beteiligungs
GmbH, a limited liability company organized under the laws of the Federal
Republic of Germany ("IFCO Europe"), MTS Okologistik Verwaltungs GmbH, a limited
liability company organized under the laws of the Federal Republic of Germany
("MTS"), Schoeller International Logistics Beteiligungsgesellschaft mbH, a
limited liability company organized under the laws of the Federal Republic of
Germany ("IFCO International"), Schoeller Logistics Industries GmbH (formerly
known as Schoeller Packaging Systems GmbH), a limited liability company
organized under the laws of the Federal Republic of Germany ("Schoeller
Industries"), Silver Oak Acquisition Corp., a corporation organized under the
laws of the State of Delaware ("Silver Oak"), and PalEx, Inc., a corporation
organized under the laws of the State of Delaware ("PalEx"), have entered into
an Amended and Restated Agreement and Plan of Reorganization, dated as of
October 6, 1999 and effective as of March 29, 1999 (the "Merger Agreement");

     WHEREAS, in connection with and pursuant to the terms of the Merger
Agreement, each Restricted Shareholder shall hold or be entitled to receive
ordinary shares of IFCO Systems ("IFCO Systems Ordinary Shares");

     WHEREAS, each Restricted Shareholder is entering into this Agreement to set
forth certain terms and conditions governing its actions prior to consummation
of the Merger and for a period of time following the IPO Closing Date with
respect to the IFCO Systems Ordinary Shares held by it.

     NOW, THEREFORE, in consideration of the transactions contemplated by the
Merger Agreement and the mutual promises and covenants contained herein, each of
the undersigned Restricted Shareholders agrees as follows:

        1.  Restriction on Transfer of Shares.  Without a waiver given upon an
            ---------------------------------
affirmative vote of the independent members of the Board of Directors of IFCO
Systems, during the term of this Agreement, each of the undersigned Restricted
Shareholders shall not transfer, sell, assign or convey, or offer or agree to
transfer, sell, assign or convey, any of the IFCO Systems Ordinary Shares held,
or to be held or entitled to be received by such Restricted Shareholder as of
the Effective Time, subject to the ability to transfer IFCO Systems Ordinary
Shares in the following amounts and during the following periods:

        (a)  an initial 20% at any time beginning one month after the IPO
             Closing Date;
        (b)  an additional 15% beginning 12 months after the IPO Closing Date;
        (c)  an additional 15% at any time beginning 15 months after the IPO
             Closing Date;
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                                                                               2

        (d)  an additional 15% at any time beginning 18 months after the IPO
             Closing Date; and
        (e)  an additional 15% at any time beginning 21 months after the IPO
             Closing Date.

        2.  Notation of Shares.  Each undersigned Restricted Shareholder
            ------------------
understands that the transfer agent of IFCO Systems may be given notice that the
IFCO Systems Ordinary Shares are subject to the terms of this Agreement and such
IFCO System Ordinary Shares shall not be transferred except in accordance with
the terms hereof.

        3.  Remedies.  The undersigned acknowledges and agrees that neither IFCO
            --------
Systems, IFCO Europe, MTS, IFCO International, Schoeller Industries, Silver Oak,
nor PalEx could be made whole by monetary damages in the event of any default by
the undersigned of the terms and conditions set forth in this Agreement.  It is
accordingly agreed and understood that IFCO Systems, IFCO Europe, MTS, IFCO
International, Schoeller Industries, Silver Oak, and PalEx, in addition to any
other remedy which each may have at law or in equity, shall be entitled to an
injunction or injunctions to prevent breaches of this Agreement and specifically
to enforce the terms and provisions hereof in any action instituted in any court
of the United States, the Netherlands or of the Federal Republic of Germany, or
in any other court that has appropriate jurisdiction.

        4.  Term.  The covenants and obligations set forth in paragraphs 1
            -----
through 3 of this Agreement shall expire and be of no further force or effect on
the earliest of: (i) the expiration or termination of the Merger Agreement, if
such expiration or termination occurs prior to the Effective Time; (ii) the end
of the two-year period beginning on the IPO Closing Date; or (iii) with respect
to a Management Shareholder, upon the termination of employment of the
Management Shareholder by IFCO Systems, PalEx or a Subsidiary of PalEx without
cause or as a result of a breach by IFCO Systems, PalEx or a Subsidiary of PalEx
of any employment agreement with such Management Shareholder.

        5.  Other Restrictions on Transfer.  The restrictions on transfer of
            ------------------------------
shares pursuant to this Agreement shall be subject to any additional
restrictions on transfers that any Restricted Shareholder may agree to for the
benefit of the managing underwriter in the IPO, to the extent that such
additional restrictions may be more restrictive.

        6.  Successor and Assigns.  This Agreement shall be binding upon each
            ----------------------
of the undersigned Restricted Shareholders and each of his or her respective
heirs and assigns.

        7.  Governing Law.  This Agreement shall be governed by the laws of the
            --------------
State of Delaware.

        8.  Counterparts.  This Agreement may be executed in two or more
            -------------
counterparts, each of which will be deemed to be an original, but all of which
will constitute one and the same agreement, it being understood that all parties
need not sign the same counterpart. Facsimile transmission of any signed
original document and/or retransmission of any signed facsimile transmission
will be deemed the same as delivery of an original. At the request of any party,
the parties will confirm facsimile transmission by signing a duplicate original
document.
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                                                                               3

     IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by
each of the undersigned Restricted Shareholders as of the day and year first
above written.

                              __________________________________
                              Christoph Schoeller

                              __________________________________
                              Martin Schoeller

                              SCHOELLER LOGISTICS INDUSTRIES GMBH

                              By:_______________________________
                                 Name:
                                 Title:

                              SCHOELLER LOGISTIC TECHNOLOGIES HOLDING GMBH

                              By:_______________________________
                                 Name:
                                 Title:

                              __________________________________
                              Sam W. Humphreys

                              TROY FRASER & LINDA FRASER JT TEN

                              __________________________________
                              Troy Fraser

                              __________________________________
                              Linda Fraser
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                                                                               4

                              A.E. HOLLAND JR., TRUSTEE OF THE
                              ALFRED ELTON HOLLAND JR. REVOCABLE
                              TRUST DATED SEPTEMBER 4, 1994

                              By:_______________________________
                                 A.E. Holland, Jr., Trustee

                              __________________________________
                              Elliot S. Pearlman

                              ELLIOT S. PEARLMAN LIVING TRUST
                              DATED AUGUST 7, 1992

                              By:_______________________________
                                 Elliot S. Pearlman, Trustee

                              ELLIOT S. PEARLMAN LIVING TRUST DATED
                              JULY 2, 1996

                              By:_______________________________
                                 Elliot S. Pearlman, Trustee

                              __________________________________
                              Stephen C. Sykes

                              __________________________________
                              Vance K. Maultsby, Jr.
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                                                                               5

                              CDRCO NW LLC

                              By:_______________________________
                                 A. Joseph Cruz

                              By:_______________________________
                                 Philip M. Freeman

                              __________________________________
                              Casey A. Fletcher

                              __________________________________
                              Howe Q. Wallace

                              __________________________________
                              Fraser Campbell

                              __________________________________
                              Steve Fraser

                              __________________________________
                              Dan Helmick

                              __________________________________
                              Jon Stein<PAGE>

                                                                   Exhibit 10.2

                                   FORM OF
                                    WAIVER

     THIS WAIVER is made and entered into as of the ___ day of _______, 2000 by
[insert name of employee] (the "Employee") and IFCO Systems N.V., a public
limited liability company organized under the laws of the Netherlands ("IFCO
Systems").

                              W I T N E S S E T H
                              -------------------

     WHEREAS, ___________________ (the "Employer") and the Employee entered into
that certain Employment Agreement, dated __________, 199_  (the "Employment
Agreement");

     WHEREAS, the Employment Agreement contemplates that, upon a Change of
Control as (defined in the Employment Agreement), the Employee has the right to
terminate the Employment Agreement and receive severance compensation in an
amount equal to two or three times, depending on the satisfaction of certain
conditions, the Employee's base salary for the greater of 12 months or the
remaining term of employment under the Employment Agreement (the "Termination
Provision");

     WHEREAS, IFCO Systems, IFCO Europe Beteiligungs GmbH, a limited liability
company organized under the laws of the Federal Republic of Germany ("IFCO
Europe"), MTS Okologistik Verwaltungs GmbH, a limited liability company
organized under the laws of the Federal Republic of Germany ("MTS"), Schoeller
International Logistic Beteiligungsgesellschaft mbH), a limited liability
company organized under the laws of the Federal Republic of Germany ("IFCO
International"), Schoeller Logistic Industries GmbH (formerly known as Schoeller
Packaging Systems GmbH), a limited liability company organized under the laws of
the Federal Republic of Germany ("Schoeller Industries"), Silver Oak Acquisition
Corp., a corporation organized under the laws of the State of Delaware ("Silver
Oak"), and PalEx, Inc., a corporation organized under the laws of the State of
Delaware ("PalEx"), have entered into an Amended and Restated Agreement and Plan
of Reorganization, dated as of October 6, 1999 and effective as of March 29,
1999 (the "Merger Agreement");

     WHEREAS, the consummation of the transactions contemplated in the Merger
Agreement will constitute a Change of Control (as defined in the Employment
Agreement) and give rise to the Termination Provision;

     WHEREAS, pursuant to the Merger Agreement, PalEx has agreed to use its
reasonable efforts to obtain waivers of any such Termination Provisions and
obtaining such waivers is condition to the obligations of IFCO Systems,
Schoeller Industries and Silver Oak to consummate the transactions contemplated
in the Merger Agreement; and

     WHEREAS, the Employee desires to waive the Termination Provision.
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                                                                               2

     NOW, THEREFORE, in consideration of the promises contained herein, the
undersigned Employee and IFCO Systems hereby agree as follows:

        1.    Waiver.  Pursuant to Section 9.7(e) of the Merger Agreement, the
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undersigned Employee hereby waives the Termination Provision in connection with
and effective upon the  consummation of the transactions contemplated in the
Merger Agreement.

        2.        Continuation of Employment Agreement.  Except as otherwise
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modified by this Waiver, IFCO Systems agrees to cause the Employer, as a direct
or indirect wholly owned subsidiary of IFCO Systems after consummation of the
transactions contemplated in the Merger Agreement, to otherwise continue the
Employment Agreement in full force and effect pursuant to the terms thereof.

        3.        Successor and Assigns.  This Waiver shall be binding upon the
                  ---------------------
undersigned and each of his or her respective heirs and assigns.

        4.        Governing Law.  This Waiver shall be governed by the laws of
                  -------------
the State of Delaware.

     IN WITNESS WHEREOF, the undersigned have executed this Waiver as of the day
and year first above written.

                              [NAME OF EMPLOYEE]

                              By:__________________________
                                 [name of Employee]

                              IFCO SYSTEMS N.V.

                              By:__________________________
                                 Name
                                 Title:

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