Document:

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                                                                    EXHIBIT 10.2

                      INVESTMENT MANAGEMENT TRUST AGREEMENT

        This INVESTMENT MANAGEMENT TRUST AGREEMENT, dated as of _________, 2007
(the "AGREEMENT"), is entered into by and between Alpha Security Group
Corporation (the "COMPANY") and American Stock Transfer & Trust Company (the
"TRUSTEE").

        WHEREAS, the Company's registration statement on Form S-1, File No.
333-127999 (the "REGISTRATION STATEMENT"), filed with the Securities and
Exchange Commission (the "COMMISSION") to register its initial public offering
(the "IPO") of units (the "UNITS") of the Company, consisting of one share of
common stock, par value $.0001 (the "COMMON STOCK") of the Company and one
warrant (each a "WARRANT" and, collectively, the "WARRANTS") to purchase one
share of Common Stock, has been declared effective as of the date hereof (the
"EFFECTIVE DATE") by the Commission; and

        WHEREAS, in accordance with the Subscription Agreement, dated _________,
2007, by and among the Company and the investors named therein, the Company has
issued 320,000 Units at $10.00 per Unit in a private placement (the "PLACEMENT")
with aggregate proceeds of $3,200,000; and

        WHEREAS, Maxim Group LLC ("MAXIM") is acting as the representative of
the underwriters (together with Maxim, the "UNDERWRITERS") in the IPO; and

        WHEREAS, as described in the Company's Registration Statement: (i) in
accordance with the Company's Amended and Restated Certificate of Incorporation,
$55,000,000 of the net proceeds of the IPO ($63,370,000 if the Underwriters'
Over-allotment Option is exercised in full), (ii) $3,200,000 of the net proceeds
of the Placement and (iii) in accordance with the Underwriting Agreement, dated
as of ________, 2007, between the Company and Maxim, an additional $1,800,000
($2,250,000 of the Underwriters' Over-allotment Option is exercised in full),
representing a portion of the Underwriters' discount (the "CONTINGENT DISCOUNT")
will be deposited by the Company and held in a trust account (the "TRUST
ACCOUNT"), established in accordance with Section 1 hereof, for the benefit of
the public holders (the "PUBLIC STOCKHOLDERS") of the Common Stock underlying
the Units issued in the IPO and the Underwriters (collectively with the Public
Stockholders, the "BENEFICIARIES"). The amount to be delivered to the Trustee
will be referred to herein as the "PROPERTY;" and

        WHEREAS, the Company and the Trustee desire to enter into this Agreement
to set forth the terms and conditions pursuant to which the Trustee shall hold
the Property;

        NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants and agreements herein contained, the parties hereto agree as follows:

         1. Agreements and Covenants of Trustee. The Trustee hereby agrees and
covenants to the Company as follows:
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         (a) To hold the Property in trust for the Beneficiaries, in accordance
with the terms of this Agreement, in a segregated Trust Account established by
the Trustee with JP Morgan Chase Bank New York, New York;

         (b) To manage, supervise and administer the Trust Account subject to
the terms and conditions set forth herein;

         (c) In a timely manner, upon the instruction of the Company, to invest
and reinvest the Property in "government securities," as defined in Section
2(a)(16) of the Investment Company Act of 1940, as amended (the "INVESTMENT
COMPANY ACT"), which have a maturity of 180 days or less or in any open ended
investment company registered under the Investment Company Act that holds itself
out as a money market fund meeting the conditions of paragraphs (c)(2), (c)(3)
and (c)(4) under Rule 2a-7 promulgated under the Investment Company Act;

         (d) To collect and receive, when due, all income arising from the
investment of the Property in accordance with Section 1(c) above, which income
shall become part of the "Property," as such term is used herein;

         (e) To promptly notify the Company and Maxim of all communications
received by it with respect to any Property requiring action by the Company;

         (f) To supply any necessary information or documents as may be
requested by the Company in connection with the Company's preparation of the tax
returns for the Trust Account or the Company;

         (g) To participate in any plan or proceeding for protecting or
enforcing any right or interest arising from the Property if, as and when
instructed by the Company and/or Maxim to do so;

         (h) To render to the Company and to Maxim, and to such other person as
the Company may instruct, monthly written statements of the activities of and
amounts in the Trust Account, reflecting all receipts and disbursements of the
Trust Account;

         (i) To commence liquidation of the Trust Account upon receipt of the
Officers Certificate signed on behalf of the Company by its Chief Executive
Officer and Chief Management Officer in accordance with the terms of a letter
(the "TERMINATION LETTER"), in a form substantially similar to that attached
hereto as Exhibit A or Exhibit B, and complete the liquidation of the Trust
Account and distribute the Property in the Trust Account only as directed in the
Termination Letter and the other documents referred to therein, as part of the
Company's plan of dissolution and liquidation approved by the Company's
stockholders. The Trustee understands and agrees that, except as provided in
Section 1(j) and Section 2 hereof, disbursements from the Trust Account shall be
made only pursuant to a duly executed Termination Letter, together with the
other documents referenced herein, including, without limitation, an
independently certified oath and report of inspector of election in respect of
the stockholder vote in favor of the Business Combination (as hereinafter
defined). In all cases, the Trustee shall provide Maxim with a copy of any
Termination Letters, Officers Certificates and/or any other correspondence that
it receives with respect to any proposed withdrawal from the Trust Account
promptly after it receives same. As used in this Agreement, the term "BUSINESS
COMBINATION" means the acquisition by the Company, through merger, capital stock
exchange, asset or stock acquisition of, or similar business combination with,
one or more entities with agreements to acquire vessels or an operating business
in the homeland security or defense industries or a combination thereof, as more
fully described in the Registration Statement; and

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         (j) (i) Subject to the limitations and conditions set forth in
paragraph (ii) of this Section 1(j), as of the date 18 months from the date of
this Agreement (the "LOI TERMINATION DATE") (or 24 months from the date hereof
in the event the Company has executed a Letter of Intent (defined below) prior
to the LOI Termination Date but failed to consummate a Business Combination
before such date (the "SECOND TERMINATION Date")), to commence liquidation of
the Trust Account as part of the Company's plan of dissolution and liquidation
approved by the Company's stockholders. The Trustee, upon consultation with the
Company and Maxim, shall deliver a notice to the Public Stockholders of record
as of the LOI Termination Date or Second Termination Date, as applicable, and
the Underwriters by U.S. mail or via the Depository Trust Company ("DTC"),
within five days of the LOI Termination Date or Second Termination Date, as
applicable, and shall take such other actions as it may deem necessary to inform
the Beneficiaries of the LOI Termination Date or the Second Termination Date.
The Trustee shall deliver to each Public Stockholder its ratable share of the
Property against satisfactory evidence of delivery to the Company (through DTC,
its Deposit Withdraw Agent Commission (DWAC) system or as otherwise presented to
the Trustee) by the Public Stockholder of the stock certificates representing
the Units it holds.

         (ii) If the Trustee receives a bona fide, executed letter of intent,
agreement in principle or engagement letter (a "LETTER OF INTENT") for a
Business Combination prior to the LOI Termination Date, accompanied by an
Officer's Certificate, as described in Section 3(e) hereof, then the Trustee
shall forego or suspend any liquidation of the Trust Account until the earlier
of a Business Combination or the Second Termination Date.

         2. Limited Distributions of Income on Property.

         (a) Upon receipt by the Trustee of an Officer's Certificate signed by
the Chief Executive Officer and Chief Management Officer of the Company
certifying as true, accurate and complete a copy of: (i) any tax return required
to be filed on behalf of the Trust Account in respect of income earned on the
Property held therein and (ii) any State of Delaware franchise tax required to
be paid by the Company, the Trustee shall deliver to the Company for submission
to the appropriate taxing authority a check made payable to the order of such
taxing authority in the amount required to pay such taxes; provided , however,
that in no event shall the aggregate amount of all checks issued to taxing
authorities pursuant to this Section 2(a) exceed the income in respect of which
such taxes are due and owing.

         (b) Upon the written request of the Company containing a certification
by an authorized officer of the Company that such distribution pursuant to this
Section 2(b) shall only be used to fund the working capital requirements of the
Company and the costs related to identifying and researching a prospective
target business, in each case as described in the Registration Statement
(including the repayment, of up to $200,000 of funds loaned or advanced to the
Company by Steven M. Wasserman as described in the Registration Statement), the
Trustee shall distribute to the Company an amount equal to up to $1,825,000
($1,925,000 if the Underwriters' Over-allotment Option is exercised in full) of
the income earned on the Property, net of taxes payable, through the last day of
the month (or, during the first month following the Effective Date, through the
last day of the week) immediately preceding the date of receipt of the Company's
written request. It is agreed that the first $125,000 of interest earned on the
funds held in the Trust Account shall, when earned, be immediately released to
the Company to fund working capital requirements of the Company (which amount
shall be credited towards the $1,825,000 or $1,925,000 amounts referred to in
this Section 2(b)). From and after the time that such $125,000 in Trust Account
interest is earned, if the Over-allotment Option is exercised by the
Underwriters, the Company shall be prohibited from drawing any amounts from the
Trust Account as provided for hereunder until $180,000 of interest shall have
been earned thereon (or a lesser amount if less than the full Over-allotment
Option is exercised, pro rata based on the amount of the Over-allotment Option
exercised).

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         (c) Upon receipt by the Trustee of a written request from the Company
for distributions from the Trust Account in connection with a plan of
dissolution and liquidation, accompanied by an Officer's Certificate signed by
the Chief Executive Officer and Chief Management Officer of the Company
certifying as true, accurate and complete: (i) a statement of the amount of
actual expenses incurred or, where known with reasonable certainty, imminently
to be incurred by the Company in connection with its dissolution and
distribution, including any fees and expenses incurred or imminently to be
incurred by the Company in connection with seeking stockholder approval of the
Company's plan of dissolution and distribution, and (ii) any amounts due to pay
creditors or required to reserve for payment to creditors, the Trustee shall
distribute to the Company an amount equal to the income earned on the Property
through the last day of the month immediately preceding the date of receipt of
the Company's written request; provided, however, that any distribution pursuant
to this Section 2(c) shall only be used to fund the amount of actual expenses
incurred or imminently to be incurred by the Company in connection with its
dissolution and liquidation, including any fees and expenses incurred or
imminently to be incurred by the Company in connection with seeking stockholder
approval of the Company's plan of dissolution and liquidation.

         (d) Except as provided in this Section 2, no other distributions from
the Trust Account shall be permitted except in accordance with Sections 1(i) and
1(j) hereof.

         3. Agreements and Covenants of the Company. The Company hereby agrees
and covenants to the Trustee as follows:

         (a) To provide all instructions to the Trustee hereunder in writing,
signed by the Company's Chief Executive Officer and Chief Management Officer. In
addition, except with respect to its duties under Sections 1(i) and 1(j), the
Trustee shall be entitled to rely on, and shall be protected in relying on, any
verbal or telephonic advice or instruction, which it in good faith believes to
be given by any one of the persons authorized in this subsection to give written
instructions, provided that the Company and/or Maxim shall promptly confirm such
instructions in writing;

         (b) To hold the Trustee harmless and indemnify the Trustee from and
against any and all expenses, including reasonable counsels' fees and
disbursements, or loss suffered by the Trustee in connection with any action,
suit or other proceeding brought against the Trustee involving any claim, or in
connection with any claim or demand, which in any way arises out of or relates
to this Agreement, the services of the Trustee hereunder, or the Property or any
income earned from investment of the Property, except for expenses and losses
resulting from the Trustee's gross negligence or willful misconduct. Promptly
after the receipt by the Trustee of notice of demand or claim or the
commencement of any action, suit or proceeding, pursuant to which the Trustee
intends to seek indemnification under this paragraph, it shall notify the
Company in writing of such claim (the "INDEMNIFIED CLAIM"). The Company shall
have the right to conduct and manage the defense against such Indemnified Claim,
provided that the Company shall obtain the consent of the Trustee with respect
to the selection of counsel, which consent shall not be unreasonably withheld or
delayed. The Company may not agree to settle any Indemnified Claim without the
prior written consent of the Trustee, which consent shall not be unreasonably
withheld or delayed. The Trustee may participate in such action with its own
counsel at its own expense;

                                       4
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         (c) To pay the Trustee an initial acceptance fee, an annual fee and a
transaction processing fee for each disbursement made pursuant to this
Agreement, as set forth in Schedule A attached hereto, it being expressly
understood that the Property shall not be used to pay such fees and further
understood that said transaction processing fees may be deducted by the Trustee
from the disbursements made to the Company pursuant to this Agreement. The
Company shall pay the Trustee the initial acceptance fee and first annual fee at
the consummation of the IPO. Thereafter, the annual fee shall be paid in advance
on the anniversary of the Effective Date. The Trustee shall refund to the
Company the annual fee (on a pro rata basis) with respect to any period after
the liquidation of the Trust Account. The Company shall not be responsible for
any other fees or charges of the Trustee, except as may be provided in paragraph
3(b) hereof (it being expressly understood that the Property shall not be used
to make any payments to the Trustee under such paragraph);

         (d) That, in the event that the Company presents a Business Combination
and/or a plan of dissolution and liquidation to its stockholders and, as a
result of the approval of either proposal by the stockholders, the Trust Account
is liquidated in accordance with Section 1(i) hereof, the Trustee or another
independent party regularly engaged in the business of soliciting proxies and
tabulating stockholder votes and designated by Maxim shall act as the inspector
of election to provide to the Trustee an affidavit or certificate verifying the
results of the stockholder vote concerning the approval or rejection of the
Business Combination and/or of the plan of liquidation and distribution and, in
either case, the resulting liquidation of the Trust Account;

         (e) That the Officer's Certificate referenced in Sections 1(i) and 1(j)
hereof shall require the Company's Chief Executive Officer and Chief Management
Officer to each certify the following (wherever applicable): (1) prior to the
LOI Termination Date, the Company has entered into a bona fide Letter of Intent
with a target business; and/or (2) prior to the LOI Termination Date, the
Company has entered into a Business Combination with a target business, the
terms of which are consistent with the requirements set forth in the
Registration Statement; and/or (3) prior to the Second Termination Date, the
Company has entered into a Business Combination with a target business, the
terms of which are consistent with the requirements set forth in the
Registration Statement; and (4) the Board of Directors (the "BOARD") pursuant to
a vote (or written consent) has approved (where applicable): (i) the Letter of
Intent; and/or (ii) the Business Combination. A copy of such the resolutions of
the Board of Directors and the Letter of Intent and/or the definitive agreement
relating to the Business Combination so approved shall be attached as an exhibit
to the Officer's Certificate;

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         (f) Within five business days after the Underwriters' Over-allotment
Option (or any unexercised portion thereof) expires or is exercised in full, to
provide the Trustee notice in writing (with a copy to the Underwriters) of the
total amount of the Contingent Discount, which shall in no event be less than
$1,800,000.

         4. Limitations of Liability. The Trustee shall have no responsibility
or liability to:

         (a) Take any action with respect to the Property, other than as
directed in Sections 1 and 2 hereof and the Trustee shall have no liability to
any party except for liability arising out of its own gross negligence, willful
misconduct or bad faith;

         (b) Institute any proceeding for the collection of any principal and
income arising from, or institute, appear in or defend any proceeding of any
kind with respect to, any of the Property, unless and until it shall have
received written instructions from the Company given as provided herein to do so
and the Company shall have advanced or guaranteed to it funds sufficient to pay
any expenses incident thereto;

         (c) Change the investment of any Property, other than in compliance
with Section 1(c);

         (d) Refund any depreciation in principal of any Property;

         (e) Assume that the authority of any person designated by the Company
to give instructions hereunder shall not be continuing, unless provided
otherwise in such designation, or unless the Company shall have delivered a
written revocation of such authority to the Trustee;

         (f) The Company or to anyone else for any action taken or omitted by
it, or any action suffered by it to be taken or omitted, in good faith and in
the exercise of its own best judgment, except for its gross negligence or
willful misconduct. The Trustee 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 Trustee), 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 believed by the Trustee, in good
faith, to be genuine and to be signed or presented by the properly authorized
person or persons. The Trustee shall not be bound by any notice or demand, or
any waiver, modification, termination or rescission of this agreement or any of
the terms hereof, unless evidenced by a written instrument delivered to the
Trustee signed by the proper party or parties and, if the duties or rights of
the Trustee are affected, unless it shall give its prior written consent
thereto;

         (g) Verify the correctness of the information set forth in the
Registration Statement or to confirm or assure that any acquisition made by the
Company or any other action taken by it is as contemplated by the Registration
Statement; and

         (h) Pay any taxes on behalf of the Trust Account (it being expressly
understood that the Trustee's sole obligation with respect to taxes shall be to
issue the checks with respect thereto provided for by Section 2(a) hereof).

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         5. Certain Rights Of Trustee.

         (a) Before the Trustee acts or refrains from acting, it may require an
Officer's Certificate or opinion of counsel or both. The Trustee shall not be
liable for any action it takes or omits to take in good faith in reliance on
such Officer's Certificate or opinion of counsel. The Trustee may consult with
counsel and the advice of such counsel or any opinion of counsel shall be full
and complete authorization and protection from liability in respect of any
action taken, suffered or omitted by it hereunder in good faith and in reliance
thereon.

         (b) The Trustee may act through its attorneys and agents and shall not
be responsible for the misconduct or negligence of any agent appointed with due
care.

         (c) The Trustee shall not be liable for any action it takes or omits to
take in good faith that it believes to be authorized or within the rights or
powers conferred upon it by this Agreement.

         (d) The Trustee shall not be responsible for and makes no
representation as to the validity or adequacy of this Agreement; it shall not be
accountable for the Company's use of the proceeds from the Trust Account.
Notwithstanding the effective date of this Agreement or anything to the contrary
contained in this Agreement, the Trustee shall have no liability or
responsibility for any act or event relating to this Agreement or the
transactions related thereto which occurs prior to the date of this Agreement,
and shall have no contractual obligations to the Beneficiaries until the date of
this Agreement.

         6. Termination. This Agreement shall terminate as follows:

         (a) If the Trustee gives written notice to the Company that it desires
to resign under this Agreement, the Company shall use its reasonable efforts to
locate a successor trustee during which time the Trustee shall continue to act
as Trustee in accordance with the terms of this Agreement. At such time that the
Company notifies the Trustee that a successor trustee has been appointed by the
Company and has agreed to become subject to the terms of this Agreement, the
Trustee shall transfer the management of the Trust Account to the successor
trustee, including, but not limited to, the transfer of copies of the reports
and statements relating to the Trust Account, whereupon this Agreement shall
terminate; provided, however, that, in the event that the Company does not
locate a successor trustee within ninety days of receipt of the resignation
notice from the Trustee, the Trustee may, but shall not be obligated to, submit
an application to have the Property deposited with the United States District
Court for the Southern District of New York and upon such deposit, the Trustee
shall be immune from any liability whatsoever that arises due to any actions or
omissions to act by any party after such deposit;

         (b) At such time that the Trustee has completed the liquidation of the
Trust Account in accordance with the provisions of Section 1(i) hereof, and
distributed the Property in accordance with the provisions of the Termination
Letter, this Agreement shall terminate except with respect to Section 3(b); or

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         (c) At such time that the Trustee has completed the liquidation of the
Trust Account and distributed the Property in accordance with Sections 1(i) and
1(j) hereof, this Agreement shall terminate except with respect to Section 3(b).

         7. Miscellaneous.

         (a) The Company and the Trustee each acknowledge that the Trustee will
follow the security procedures set forth below with respect to funds transferred
from the Trust Account. Upon receipt of written instructions, the Trustee will
confirm such instructions with an Authorized Individual at an Authorized
Telephone Number, as defined and listed on the attached Exhibit C. The Company
and the Trustee will each restrict access to confidential information relating
to such security procedures to authorized persons. Each party must notify the
other party immediately if it has reason to believe unauthorized persons may
have obtained access to such information, or of any change in its authorized
personnel. In executing funds transfers, the Trustee will rely upon account
numbers or other identifying numbers of a beneficiary, beneficiary's bank or
intermediary bank, rather than names. The Trustee shall not be liable for any
loss, liability or expense resulting from any error in an account number or
other identifying number, provided it has accurately transmitted the numbers
provided.

         (b) This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Delaware, without giving effect to
conflict of laws. It may be executed in several counterparts, each one of which
shall constitute an original, and together shall constitute but one instrument.
Facsimile signatures shall constitute original signatures for all purposes of
this Agreement.

         (c) This Agreement contains the entire agreement and understanding of
the parties hereto with respect to the subject matter hereof. This Agreement or
any provision hereof may only be changed, amended or modified by a writing
signed by each of the parties hereto; provided, however, that no such change,
amendment or modification may be made without the prior written consent of
Maxim, who, along with each other Underwriter, the parties specifically agree,
is and shall be a third party beneficiary for purposes of this Agreement; and
provided further, any amendment to Section 1(j) shall require the consent of all
of the Public Stockholders. As to any claim, cross-claim or counterclaim in any
way relating to this Agreement, each party waives the right to trial by jury.

         (d) The parties hereto consent to the jurisdiction and venue of any
state or federal court located in the State and County of New York for purposes
of resolving any disputes hereunder. The parties hereto irrevocably submit to
such jurisdiction, which jurisdiction shall be exclusive, and hereby waive any
objection to such exclusive jurisdiction and accept such venue, and waive any
objection that such courts represent an inconvenient forum.

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         (e) Any notice, consent or request to be given in connection with any
of the terms or provisions of this Agreement shall be in writing and shall be
sent by express mail or similar private courier service, by certified mail
(return receipt requested), by hand delivery or by facsimile transmission: if to
the Trustee, to:

                  American Stock Transfer & Trust Company
                  59 Maiden Lane
                  New York, New York 10038
                  Attn: Herbert Lemmer
                  Fax No.: (718) 331-1852

                  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 No.: (212) 877-6249

                  in either case with a copy to:

                  Maxim Group LLC
                  405 Lexington Avenue
                  New York, New York 10174
                  Attn: Clifford A. Teller
                  Fax No.: (212) 895-3783

                  and

                  Ellenoff, Grossman & Schole LLP
                  370 Lexington Avenue
                  New York, New York 10017
                  Attn: Douglas S. Ellenoff
                  Fax No.: (212) 370-7889

                  and

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

         (f) This Agreement may not be assigned by the Trustee without the prior
written consent of the Company and Maxim.

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         (g) Each of the Trustee and the Company hereby represents that it has
the full right and power and has been duly authorized to enter into this
Agreement and to perform its respective obligations as contemplated hereunder.
The Trustee acknowledges and agrees that it shall not make any claims or proceed
against the Trust Account, including by way of set-off, and shall not be
entitled to any funds in the Trust Account under any circumstance.

                            [Signature Page Follows]

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        IN WITNESS WHEREOF, the parties have duly executed this Investment
Management Trust Agreement as of the date first written above.

                             AMERICAN STOCK TRANSFER & TRUST COMPANY, as Trustee

                             By: ______________________________________
                                 Name:
                                 Title:

                             ALPHA SECURITY GROUP CORPORATION

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

                                       11
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EXHIBIT A
                             [LETTERHEAD OF COMPANY]

[INSERT DATE]

American  Stock Transfer & Trust Company
59 Maiden Lane
New York, New York 10038
Attn: Herbert Lemmer

        Re:   Trust Account No. [ ] Termination Letter

Ladies and Gentlemen:

        Pursuant to Section 1(i) of the Investment Management Trust Agreement
(the "TRUST AGREEMENT") between Alpha Security Group Corporation (the "COMPANY")
and American Stock Transfer & Trust Company ("TRUSTEE"), dated as of __________,
2007, this is to advise you that the Company has entered into an agreement (the
"BUSINESS AGREEMENT") with __________________ ("TARGET BUSINESS") to consummate
a business combination (the "BUSINESS COMBINATION") with Target Business on or
about [_______]. The Company shall notify you at least 48 hours in advance of
the actual date (the "CONSUMMATION DATE") of the consummation of the Business
Combination. Capitalized words used herein and not otherwise defined shall have
the meanings ascribed to them in the Trust Agreement.

         In accordance with paragraph A of Article Sixth of the Amended and
Restated Certificate of Incorporation of the Company, the Business Combination
has been approved by the stockholders of the Company and by the Public
Stockholders holding a majority of the IPO Shares, and Public Stockholders
holding less than 30% of the IPO Shares have voted against the Business
Combination and given notice of exercise of their redemption rights described in
paragraph A of Article 6 of the Amended and Restated Certificate of
Incorporation of the Company. Pursuant to Section 2(e) of the Trust Agreement,
we are providing you with an affidavit or a certificate of __________, which
verifies the vote of the Company's stockholders in connection with the Business
Combination. In accordance with the terms of the Trust Agreement, we hereby
authorize you to commence liquidation of the Trust Account to the effect that,
on the Consummation Date, all of funds held in the Trust Account will be
immediately available for transfer to the account or accounts that the Company
shall direct in writing on the Consummation Date.

        On the Consummation Date (i) counsel for the Company shall deliver to
you written notification that the Business Combination has been consummated or
will, concurrently with your transfer of funds to the accounts as directed by
the Company, be consummated, and (ii) the Company shall deliver to you written
instructions with respect to the transfer of the funds held in the Trust Account
(the "INSTRUCTION LETTER"). You are hereby directed and authorized to transfer
the funds held in the Trust Account immediately upon your receipt of the
counsel's letter and the Instruction Letter, in accordance with the terms of the
Instruction Letter. In the event that certain deposits held in the Trust Account
may not be liquidated by the Consummation Date without penalty, you will notify
the Company of the same and the Company shall direct you as to whether such
funds should remain in the Trust Account and be distributed after the
Consummation Date to the Company or be distributed immediately and the penalty
incurred. Upon the distribution of all the funds in the Trust Account pursuant
to the terms hereof, the Trust Agreement shall be terminated.

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        In the event that the Business Combination is not consummated on the
Consummation Date described in the notice thereof and we have not notified you
on or before the original Consummation Date of a new Consummation Date, then the
funds held in the Trust Account shall be reinvested as provided in the Trust
Agreement on the business day immediately following the Consummation Date as set
forth in the notice.

                                   Very truly yours,

                                   ALPHA SECURITY GROUP CORPORATION

                                   By:
                                       -----------------------------------------
                                          Name:
                                          Title:

cc: Maxim Group LLC

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EXHIBIT B

                             [LETTERHEAD OF COMPANY]

[INSERT DATE]

American Stock Transfer & Trust Company
59 Maiden Lane
New York, New York 10038
Attn: Herbert Lemmer

        Re:   Trust Account No. [ ] Termination Letter

Ladies and Gentlemen:

        Pursuant to paragraphs 1(i) and 2(c) of the Investment Management Trust
Agreement (the "TRUST AGREEMENT") between Alpha Security Group Corporation (the
"COMPANY") and American Stock Transfer & Trust Company (the "TRUSTEE"), dated as
of _____________, 2007, this is to advise you that the Board of Directors of the
Company and the stockholders of the Company have voted to dissolve the Company
and liquidate the Trust Account (as defined in the Trust Agreement). Attached
hereto is a copy of the resolutions of the Board of Directors of the Company
relating thereto, certified by the Secretary of the Company as true and correct
and in full force and effect.

        In accordance with the terms of the Trust Agreement, we hereby authorize
you to commence liquidation of the Trust Account as part of the Company's plan
of dissolution and liquidation. In connection with this liquidation, you are
hereby authorized to establish a record date for the purposes of determining the
stockholders of record entitled to receive their per share portion of the Trust
Account. The record date shall be within ten (10) days of the liquidation date,
or as soon thereafter as is practicable. You will notify the Company in writing
as to when all of the funds in the Trust Account will be available for immediate
transfer (the "TRANSFER DATE") in accordance with the terms of the Trust
Agreement and the Amended and Restated Certificate of Incorporation of the
Company. You shall commence distribution of such funds in accordance with the
terms of the Trust Agreement and the Amended and Restated Certificate of
Incorporation of the Company and you shall oversee the distribution of such
funds. Upon the payment of all the funds in the Trust Account, the Trust
Agreement shall be terminated.

                                              Very truly yours,

                                              ALPHA SECURITY GROUP CORPORATION

                                              By:
                                                  ------------------------------
                                                     Name:
                                                     Title:
cc: Maxim Group LLC

                                       14
<PAGE>

EXHIBIT C

     AUTHORIZED INDIVIDUAL(S) FOR
          TELEPHONE CALL BACK                  AUTHORIZED TELEPHONE NUMBER(S)
--------------------------------------------------------------------------------

COMPANY:

Alpha Security Group Corporation               (212) 877-1588
328 West 77th Street
New York, New York 10024
Attn: Steven M. Wasserman

MAXIM
405 Lexington Avenue
New York, New York 10022
Attn: Clifford A. Teller

TRUSTEE:

American Stock Transfer & Trust Company
59 Maiden Lane
New York, New York 10038
Attn: Herbert Lemmer

                                       15
<PAGE>

SCHEDULE A

Schedule of fees pursuant to Section 3(c) of the Agreement

<TABLE>
<CAPTION>
---------------------------------------- -------------------------------------- --------------------------------------
               FEE ITEM                       TIME AND METHOD OF PAYMENT                       AMOUNT
---------------------------------------- -------------------------------------- --------------------------------------
<S>                                      <C>                                    <C>
---------------------------------------- -------------------------------------- --------------------------------------
Initial acceptance fee                   Initial closing of IPO by wire         $
                                         transfer
---------------------------------------- -------------------------------------- --------------------------------------
Annual fee                               Fee for first year at initial          $
                                         closing of IPO by wire transfer;
                                         thereafter on the anniversary of the
                                         Effective Date of the IPO by wire
                                         transfer or check
---------------------------------------- -------------------------------------- --------------------------------------
Transaction processing fee for           Deduction by Trustee from              $
disbursements to Company                 disbursement made to Company
---------------------------------------- -------------------------------------- --------------------------------------

</TABLE><PAGE>

                             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.

<PAGE>

         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 approval by the Public Stockholders (as
defined in the Registration Statement) of the release of the Escrow Shares from
escrow and (ii) one (1) year following 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 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.

                                       2
<PAGE>

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

                                       3
<PAGE>

            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.

                                       4
<PAGE>

            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:

                                       5
<PAGE>

                  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]

                                       6
<PAGE>

         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

                                -----------------------------------------
                                Robert B. Blaha

                                Tukwila Group, LLC

                                By:
                                    -------------------------------------
                                    Name:
                                    Title:

                                -----------------------------------------
                                Gary E. Johnson

                                -----------------------------------------
                                Michael Weinstein

                                -----------------------------------------
                                Robert T. Herres

                                -----------------------------------------
                                Carol A. DiBattiste

                                        7
<PAGE>

                                -----------------------------------------
                                Ronald R. Fogleman

                                -----------------------------------------
                                Laura Haffner

                                AMERICAN STOCK TRANSFER
                                & TRUST COMPANY

                                By:
                                    -------------------------------------
                                    Name:
                                    Title:

                                       8
<PAGE>

                                    EXHIBIT A

<TABLE>
<CAPTION>
                                                      Number                Stock
 Name and Address of Initial Stockholder              of Shares             Certificate Number
----------------------------------------------------------------------------------------------
<S>                                                   <C>
Steven M. Wasserman                                   780,000
Robert B. Blaha                                       420,000
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>

                                       9
<PAGE>

                                    EXHIBIT B

Escrow Agent Fees

         [$      ] annually for acting agent escrow fee.

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

                                       10

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