Document:

Exhibit 10.2

                          PLACEMENT AGENT AND ADVISORY
                               SERVICES AGREEMENT

This Placement Agent and Advisory Services  Agreement (this "Agreement") is made
as of  May  8,  2007  (the  "Effective  Date"),  by and  between  American  Soil
Technologies,  Inc., a Nevada corporation  (together with its subsidiaries,  the
"Company"),  and Monarch Bay  Associates,  LLC, a California  limited  liability
company ("MBA"). MBA and the Company agree as follows:

1.  ENGAGEMENT OF MBA: The Company  hereby  engages MBA, and MBA hereby  accepts
such engagement, to act as:

     (a)  the Company's placement agent on a non-exclusive basis with respect to
          finding  investors (the  "Investors") for an offering of the Company's
          capital  stock  in  a   transaction   or   transactions   exempt  from
          registration  under the  Securities  Act of 1933,  as amended,  and in
          compliance   with  the   applicable   laws  and   regulations  of  any
          jurisdiction  in which  securities  are sold under this  Agreement  (a
          "Private Placement"); and

     (b)  the Company's  advisor,  on a non-exclusive  basis, in identifying and
          introducing  prospective  parties  to an  acquisition,  merger,  joint
          venture or any other similar transaction or relationship,  directly or
          indirectly, involving the Company (a "Transaction").

     The Company acknowledges and agrees that MBA's obligations hereunder are on
     a  reasonable  best  efforts  basis  only and that  the  execution  of this
     Agreement  does  not  constitute  a  commitment  by  MBA  to  purchase  the
     securities and does not ensure the  successful  placement of the securities
     or any portion  thereof or the success of MBA with  respect to securing any
     other  financing or a  Transaction  on behalf of the Company.  MBA will act
     solely  as a broker  with  respect  to  identifying  and  negotiating  with
     potential  investors  in  securities  that  may be  issued  in the  Private
     Placement and potential  parties to a  Transaction.  MBA will not act as an
     underwriter in any Private Placement or Transaction.

2.   MBA'S  COMPENSATION:  The  Company  hereby  agrees  to pay MBA fees in such
     amount  and upon  such  terms  and  conditions  contained  herein  upon the
     successful completion of a Private Placement as follows:

     (a)  Success  Fees.  The Company  will pay MBA a Success  Fee, as described
          below, when the Company closes on a Private Placement or a Transaction
          during the Term (as hereinafter defined) of this Agreement or during a
          one-year period thereafter, so long as any purchasers of the Company's
          capital  stock or  parties  to a  Transaction  were  identified  by or
          introduced  to the Company by MBA (or are  affiliates of any person so
          identified or introduced).

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Computation and Payment of Success Fees.

(i) PRIVATE PLACEMENTS.  For each Private Placement, the Success Fee will be (x)
a cash  fee  equal to 9% of  gross  proceeds  raised  in the  Private  Placement
(including,  without limitation, upon exercise of any warrants issued in Private
Placement)  and (y) warrants  (the "MBA  Warrants")  to purchase 9% of the total
number of shares of common stock issued and issuable by the Company to Investors
under  and  in  connection  with  the  Private  Placement,   including  (without
limitation)  shares  issuable upon conversion or exercise of the securities sold
in the Private  Placement,  at an exercise  price equal to the purchase price of
the common stock sold in the Private  Placement or, in the event that securities
convertible into common stock are sold in the Private Placement,  the conversion
price of such securities.

The cash  portion of the Success Fee will be due and payable upon the closing of
each  Private  Placement  and will be  payable  directly  to MBA from the escrow
established  for such  closing or in such other manner as may be  acceptable  to
MBA.

MBA  Warrants  will have a five year term (or such longer term as is provided in
any  warrants  issued in the Private  Placement)  and will  provide for cashless
exercise  (even if the  Investors do not have such a right).  MBA Warrants  will
have the benefit of full ratchet  anti-dilution  protection against issuances of
securities  at prices (or with  conversion  or exercise  prices,  in the case of
convertible securities, warrants, options or rights) below the exercise price of
MBA  Warrants.  MBA  Warrants  will not be  callable or  redeemable.  The shares
underlying  MBA Warrants  will be included in the first  registration  statement
filed by the Company covering the securities issued in the Private Placement (or
securities  issuable upon conversion or exercise thereof).  MBA Warrants will be
transferable within MBA's organization,  at MBA's discretion.  MBA Warrants will
contain such other terms and  conditions no less  favorable to MBA than the term
and conditions of any warrants issued to the Investors in the Private Placement.

(ii)  TRANSACTIONS.  For each  Transaction,  the  Success Fee will be a cash fee
equal to 3% of the Total  Consideration  (as defined below) with respect to such
Transaction.  As used herein.  "Total  Consideration" means, with respect to any
Transaction,  the total value of all cash, securities, or other property paid or
received, directly or indirectly, by the Company or its owners (at closing or in
the future) in connection with such Transaction,  including (without limitation)
in respect of (i) the assumption (by contract, operation of law or otherwise) of
any indebtedness or (ii) consulting, non-compete or similar agreements.

The Success Fee will be due and payable upon the closing of each Transaction and
will be payable directly to MBA from the escrow  established for such closing or
in such other manner as may be acceptable  to MBA;  provided that in the case of

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any installment or contingent  payment made in respect of the  Transaction,  the
Success Fee in respect of such  installment  or contingent  payment shall be due
and payable on the date such payment is made.

3.   CERTAIN MATTERS RELATING TO MBA'S DUTIES:

     (a)  MBA shall (i) assist the  Company in the  preparation  of  information
          documents  to be  shared  with  potential  Investors  and  parties  to
          Transactions (ii) identify and screen potential  Investors and parties
          to Transactions, and (iii) perform other related duties.

     (b)  MBA  shall  perform  its  duties  under  this  Agreement  in a  manner
          consistent  with the  instructions  of the Company.  Such  performance
          shall  include the delivery of  information  to  potential  interested
          parties,  conducting  due  diligence,  and  leading  discussions  with
          potential Investors and parties to Transactions.

     (c)  MBA  shall  not  engage  in  any  form  of  general   solicitation  or
          advertising  in  performing  its  duties  under this  Agreement.  This
          prohibition  includes,  but is not limited to, any mass  mailing,  any
          advertisement,  article or notice published in any magazine, newspaper
          or newsletter and any seminar or meeting where the attendees have been
          invited by any mass mailing, general solicitation or advertising.

     (d)  MBA is and will hereafter act as an independent  contractor and not as
          an employee of the  Company  and  nothing in this  Agreement  shall be
          interpreted or construed to create any employment,  partnership, joint
          venture, or other relationship  between MBA and the Company.  MBA will
          not hold  itself out as having,  and will not state to any person that
          MBA  has,  any  relationship   with  the  Company  other  than  as  an
          independent  contractor.  MBA shall  have no right or power to find or
          create any liability or  obligation  for or in the name of the Company
          or to sign any documents on behalf of the Company.

4. CERTAIN MATTERS RELATING TO COMPANY'S DUTIES:

     (a)  The Company shall promptly  provide MBA with all relevant  information
          about the Company (to the extent  available to the Company in the case
          of parties other than the Company) that shall be reasonably  requested
          or required by MBA, which  information  shall be complete and accurate
          in all material respects at the time furnished.

     (b)  The Company  recognizes that in order for MBA to perform  properly its
          obligations  in a  professional  manner,  it is necessary  that MBA be
          informed of and, to the extent  practicable,  participate  in meetings

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          and  discussions  between the Company and any third party,  including,
          without  limitation,   any  prospective  purchaser  of  the  Company's
          securities,  relating  to the  matters  covered  by the terms of MBA's
          engagement.

     (c)  The  Company  agrees  that any  report or  opinion,  oral or  written,
          delivered to it by MBA is prepared solely for its confidential use and
          shall not be  reproduced,  summarized,  or  referred  to in any public
          document or given or otherwise  divulged to any other  person  without
          MBA's prior written  consent,  except as may be required by applicable
          law or regulation.

     (d)  The Company represents and warrants that: (i) it has full right, power
          and  authority to enter into this  Agreement and to perform all of its
          obligations  hereunder;  (ii) this Agreement has been duly  authorized
          and executed by and  constitutes a valid and binding  agreement of the
          Company  enforceable  in  accordance  with its  terms;  and  (iii) the
          execution and delivery of this Agreement and the  consummation  of the
          transactions  contemplated  hereby do not conflict with or result in a
          breach of the  Company's  certificate  of  incorporation  or  by-laws.
          Further, this Agreement and the transactions contemplated herein shall
          not  conflict  with or result in the breach of any  agreement to which
          the  Company  is a party  at the time  the  transactions  contemplated
          herein are consummated.

5.   TERM;  TERMINATION OF AGREEMENT.  The term of this Agreement shall commence
     on  the  Effective  Date  and  shall  expire  180  days  thereafter  unless
     terminated  earlier  pursuant to the terms of this  paragraph (the "Term").
     Either  party may  terminate  this  Agreement  prior to its  expiration  by
     notifying the other party in writing.  Notwithstanding  the foregoing,  all
     provisions  of this  Agreement  (including  Exhibit  A hereto)  other  than
     Sections 1, 3 and 4 (a) and (b) shall survive the termination or expiration
     of this Agreement.  MBA shall be entitled to  compensation  under Section 2
     (and payment for  non-accountable  expenses  under Section 12) based on the
     completion of a Private Placement or a Transaction prior to the termination
     or  expiration  of this  Agreement or during the period one year  following
     termination so long as any Investors or party to a Transaction, as the case
     may be, (or any affiliate of any such person or entity) were  identified by
     or introduced to the Company by MBA. MBA will provide to the Company within
     ten business days after the  expiration or  termination of this Agreement a
     list of all persons or entities  identified by or introduced to the Company
     by MBA pursuant to this Agreement (the  "Introduction  List").  Within five
     business  day  following  the  delivery  of the  Introduction  List  to the
     Company, the Company will provide MBA with written notice of any objections
     to the inclusion of any person or entity in the Introduction List and state
     the basis for each  objection  in  reasonable  detail.  The  inclusion of a
     person or entity in the  Introduction  List shall be deemed  conclusive  in
     making  a later  determination  as to  whether  a  Success  Fee is  payable
     hereunder,  unless  the  Company  shall  have  made  a  timely  and  proper
     objection.  The parties will  cooperate to resolve the status of any person
     or entity as to which  the  Company  shall  have made a timely  and  proper
     objection.

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     Except as otherwise  specifically  provided for herein,  the Company  shall
     have no liability to MBA should the Company  terminate this Agreement prior
     to the completion of a Private Placement or a Transaction.

6.   INDEMNIFICATION.  The  indemnification  provisions  set forth in  Exhibit A
     hereto are incorporated by reference and are a part of this Agreement.

7.   NOTICES.  Any notice,  consent,  authorization or other communication to be
     given  hereunder  shall be in  writing  and shall be deemed  duly given and
     received when  delivered  personally,  when  transmitted  by fax during the
     normal  business hours of the party receiving such notice so long a copy of
     that notice is also send by certified mail, return receipt requested at the
     time it is  transmitted  by fax,  five  business days after being mailed by
     certified  mail,  return receipt  requested or one business day after being
     sent by a nationally  recognized  overnight  delivery service,  charges and
     postage prepaid, properly addressed to the party to receive such notice, at
     the  following  address  or fax  number  for such  party (or at such  other
     address or fax number as shall hereafter be specified by such party by like
     notice):

                  (a) If to the Company, to:

                      Carl Ranno
                      12224 Montague Street
                      Pacoima, CA 91331
                      Telephone Number: (602) 493-0369
                      Fax Number:
                      E-mail: carlranno@cox.net

                  (b) If to MBA, to:

                      David   Walters,   Managing   Director
                      Monarch Bay Associates, LLC
                      30950 Rancho Viejo Rd #120
                      San Juan Capistrano, California 92675
                      Telephone Number:(949) 260-0150
                      Fax Number: (815) 301-8756
                      E-mail:

8.   COMPANY TO CONTROL  TRANSACTIONS.  The terms and conditions under which the
     Company would enter into a Private  Placement or a Transaction  shall be at
     the  sole  discretion  of the  Company.  Nothing  in this  Agreement  shall
     obligate  the  Company to  actually  consummate  a Private  Placement  or a
     Transaction.  The Company may terminate any  negotiations or discussions at
     any time and reserves the right not to proceed with a Private  Placement or
     a Transaction.

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9.   CONFIDENTIALITY OF COMPANY INFORMATION.  MBA, and its officers,  directors,
     employees  and agents  shall  maintain in strict  confidence  and not copy,
     disclose or transfer to any other party (1) all  confidential  business and
     financial information  regarding the Company and its affiliates,  including
     without limitation,  projections,  business plans, marketing plans, product
     development plans, pricing, costs, customer,  vendor and supplier lists and
     identification,  channels of distribution,  and terms of  identification of
     proposed or actual  contracts  and (2) all  confidential  technology of the
     Company.  In  furtherance  of the  foregoing,  MBA agrees that it shall not
     transfer, transmit, distribute, download or communicate, in any electronic,
     digitized or other form or media, any of the confidential technology of the
     Company.  The  foregoing is not  intended to preclude  MBA from  utilizing,
     subject  to the  terms  and  conditions  of  this  Agreement,  the  Private
     Placement  or  Offering  Memorandum  and/or  other  documents  prepared  or
     approved by the  Company.  Further,  the Company  must  approve the Private
     Placement  or Offering  Memorandum,  being  prepared  by MBA,  before it is
     mailed to prospective Investors or parties to a Transaction.

     All communications  regarding any possible  transactions,  requests for due
     diligence  or other  information,  requests  for  facility  tours,  product
     demonstrations or management meetings, will be submitted or directed to the
     Company, and MBA shall not contact any employees,  customers,  suppliers or
     contractors of the Company or its affiliates  without  express  permission.
     Nothing in this Agreement  shall  constitute a grant of authority to MBA or
     any  representatives  thereof  to remove,  examine  or copy any  particular
     document or types of  information  regarding  the Company,  and the Company
     shall retain control over the particular documents or items to be provided,
     examined  or  copied.  If a  Private  Placement  or a  Transaction  is  not
     consummated,  or if at any  time  the  Company  so  requests,  MBA  and its
     representatives  will  return to the  Company  all  copies  of  information
     regarding the Company in their possession.

     The  provisions  of this  Section  shall  survive any  termination  of this
     Agreement.

10.  PRESS  RELEASES,  ETC.  The Company  shall  control  all press  releases or
     announcements  to the  public,  the  media or the  industry  regarding  any
     Private  Placement,  Transaction  or business  relationship  involving  the
     Company  or its  affiliates.  Except  for  communication  to  Investors  in
     furtherance  of this  Agreement,  MBA  will  not  disclose  the  fact  that
     discussions or negotiations  are taking place concerning a possible Private
     Placement or a Transaction  involving  the Company,  or the status or terms
     and conditions thereof.

11.  DUE DILIGENCE:  Neither the Company, nor any of its directors,  officers or
     stockholders,  should,  in any way rely on MBA to perform any due diligence
     with respect to the Company. It is expressly understood and agreed that the
     Investors  and  parties  to any  Transaction  will  conduct  their  own due
     diligence on the Company and the opportunity.

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12.  EXPENSES,  ETC. The Company will pay to MBA a  non-accountable  expense fee
     equal  to 2% of  gross  proceeds  raised  in each  Private  Placement  (the
     "Non-Accountable  Fee"),  which will be used to pay MBA's  travel and other
     expenses.  The Non-Accountable Fee will be paid in the same time and manner
     as the  Success  Fee.  The Company  will pay all other  costs and  expenses
     incident  to the  issuance,  offer,  sale  and  delivery  of  each  Private
     Placement and  Transaction,  including but are not limited to ""legal fees,
     printing costs, travel costs,  mailing,  couriers,  and personal background
     checks.

13.  COMPLIANCE  WITH LAWS.  MBA  represents  and warrants that it shall conduct
     itself in compliance with applicable federal and state laws. MBA represents
     that it is not a party to any other Agreement, which would conflict with or
     interfere with the terms and conditions of this Agreement.

14.  ASSIGNMENT PERMISSABLE.  MBA reserves the right to assign a portion of this
     Agreement to one or more sub-agents  with respect to any Private  Placement
     or Transaction,  subject to the prior written  consent of the Company.  Any
     approved  sub-agent  shall  be paid a  portion  of  Success  Fees as may be
     determined  by MBA.  The Company  does  acknowledge  that MBA may pay other
     consultants  or agents in  connection  with the  Private  Placement(s)  and
     Transaction(s).

15.  AMENDMENTS.  Neither  party may amend this  Agreement or rescind any of its
     existing provisions without the prior written consent of the other party.

16.  GOVERNING LAW;  JURISDICTION.  This Agreement  shall be deemed to have been
     made in the State of California and shall be construed,  and the rights and
     liabilities  determined,  in  accordance  with  the  law  of the  State  of
     California,  without  regard  to  the  conflicts  of  laws  rules  of  such
     jurisdiction.  The parties submit to the  jurisdiction of the Courts of the
     County of Orange,  State of California or a Federal Court  empaneled in the
     State of California for the resolution of all legal disputes  arising under
     the  terms of this  Agreement.  Any  controversy  or claim  relating  to or
     arising from this Agreement (an  "Arbitrable  Dispute") shall be settled by
     arbitration  in accordance  with the  Commercial  Arbitration  Rules of the
     American Arbitration  Association (the "AAA") as such rules may be modified
     herein or as otherwise agreed by the parties in controversy.  The forum for
     arbitration shall be Orange County, California.  Following thirty (30) days
     notice by any party of  intention  to invoke  arbitration,  any  Arbitrable
     Dispute arising under this Agreement and not mutually  resolved within such
     thirty (30) day period  shall be  determined  by a single  arbitrator  upon
     which the parties agree.

17.  WAIVER.  Neither MBA's nor the Company's failure to insist at any time upon
     strict compliance with this Agreement or any of its terms nor any continued
     course of such conduct on their part shall  constitute  or be  considered a
     waiver  by  MBA or  the  Company  of any  of  their  respective  rights  or
     privileges under this Agreement.

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18.  SEVERABILITY. If any provision herein is or should become inconsistent with
     any present or future law, rule or  regulation of any sovereign  government
     or  regulatory  body having  jurisdiction  over the subject  matter of this
     Agreement,  such  provision  shall be deemed to be rescinded or modified in
     accordance with such law, rule or regulation.  In all other respects,  this
     Agreement shall continue to remain in full force and effect.

19.  COUNTERPARTS.  This Agreement may be executed in two or more  counterparts,
     each of which shall be deemed an original,  and will become  effective  and
     binding upon the parties at such time as all of the signatories hereto have
     signed a counterpart of this Agreement.  All counterparts so executed shall
     constitute   one   Agreement   binding  on  all  of  the  parties   hereto,
     notwithstanding  that  all of the  parties  are not  signatory  to the same
     counterpart.  Each of the parties hereto shall sign a sufficient  number of
     counterparts  so that each party will receive a fully executed  original of
     this Agreement.

20.  ENTIRE  AGREEMENT.   This  Agreement   (together  with  Exhibit  A  hereto)
     constitutes  the entire  agreement  between  the  Company and MBA. No other
     agreements,  covenants,  representations or warranties, express or implied,
     oral or  written,  have been made by any  party  hereto to any other  party
     concerning  the  subject  matter  hereof.  All  prior  and  contemporaneous
     conversations,    negotiations,    possible    and   alleged    agreements,
     representations,  covenants and  warranties  concerning  the subject matter
     hereof are merged herein and shall be of no further force or effect.

                                MONARCH BAY ASSOCIATES, LLC ("MBA")

                                By: /s/ David Walters
                                   ---------------------------------------------
                                       David Walters
                                Title: Managing Director

                                AMERICAN SOIL TECHNOLOGIES, INC. (the "Company")

                                By: /s/ Carl Ranno
                                   ---------------------------------------------
                                       Carl Ranno
                                Title: Chief Executive Officer

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                                    EXHIBIT A

AS TO MBA

                                 INDEMNIFICATION

     The Company  agrees that it shall  indemnify  and hold  harmless,  MBA, its
stockholders,  members directors,  officers,  employees,  agents, affiliates and
controlling  persons within the meaning of Section 20 of the Securities Exchange
Act of 1934 and Section 15 of the Securities  Act of 1933,  each as amended (any
and all of whom are referred to as an "Indemnified Party"), from and against any
and all losses, claims,  damages,  liabilities,  or expenses, and all actions in
respect  thereof  (including,  but not limited  to, all legal or other  expenses
reasonably   incurred  by  an   Indemnified   Party  in   connection   with  the
investigation,  preparation,  defense  or  settlement  of any  claim,  action or
proceeding,  whether  or  not  resulting  in  any  liability),  incurred  by  an
Indemnified  Party with respect to,  caused by, or otherwise  arising out of any
transaction  contemplated  by this  Agreement or MBA's  performing  the services
contemplated hereunder; provided, however, the Company will not be liable to the
extent,  and only to the extent,  that any loss,  claim,  damage,  liability  or
expense is finally  judicially  determined to have resulted primarily from MBA's
gross negligence or bad faith in performing such services.

     If the indemnification  provided for herein is conclusively  determined (by
an  entry  of  final  judgment  by a court  of  competent  jurisdiction  and the
expiration  of the time or denial of the right to appeal) to be  unavailable  or
insufficient  to hold any  Indemnified  Party harmless in respect to any losses,
claims,  damages,  liabilities or expenses referred to herein,  then the Company
shall  contribute  to the amounts paid or payable by such  Indemnified  Party in
such proportion as is appropriate and equitable under all  circumstances  taking
into account the relative  benefits  received by the Company on the one hand and
MBA on the  other,  from the  transaction  or  proposed  transaction  under  the
Agreement or, if allocation on that basis is not permitted under applicable law,
in such  proportion as is appropriate to reflect not only the relative  benefits
received  by the  Company  on the one  hand and MBA on the  other,  but also the
relative fault of the Company and MBA; provided,  however, in no event shall the
aggregate  contribution of MBA and/or any Indemnified  Party be in excess of the
net compensation actually received by MBA and/or such Indemnified Party pursuant
to this Agreement.

     The Company  shall not settle or  compromise or consent to the entry of any
judgment in or otherwise  seek to terminate  any pending or  threatened  action,
claim,  suit or proceeding in which any Indemnified Party is or could be a party
and as to which  indemnification  or contribution could have been sought by such
Indemnified  Party hereunder  (whether or not such Indemnified  Party is a party
thereto),  unless such consent or termination includes an express  unconditional
release of such Indemnified Party, reasonably satisfactory in form and substance
to such Indemnified  Party,  from all losses,  claims,  damages,  liabilities or
expenses arising out of such action, claim, suit or proceeding.

     In the event any Indemnified Party shall incur any expenses covered by this
Exhibit A, the Company shall  reimburse the  Indemnified  Party for such covered
expenses  within ten (10) business days of the Indemnified  Party's  delivery to
the Company of an invoice therefor,  with receipts attached.  Such obligation of
the Company to so advance funds may be conditioned upon the Company's receipt of
a written  undertaking  from the Indemnified  Party to repay such amounts within

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ten business days after a final, non-appealable judicial determination that such
Indemnified Party was not entitled to indemnification hereunder.

     The foregoing  indemnification and contribution  provisions are not in lieu
of,  but in  addition  to, any rights  which any  Indemnified  Party may have at
common law  hereunder  or  otherwise,  and shall remain in full force and effect
following the expiration or termination of MBA's engagement and shall be binding
on any  successors or assigns of the Company and successors or assigns to all or
substantially all of the Company's business or assets.

                                       10Exhibit 10.1

                            RESPONSE COST SHARING AND
                    ALTERNATIVE DISPUTE RESOLUTION AGREEMENT

      This Response Cost Sharing and Alternative Dispute Resolution Agreement
(the "Agreement") is made as of this 21st day of May, 2007, by American Biltrite
Inc., a Delaware corporation ("ABI"), and Miller Industries, Inc., a Maine
corporation ("Miller Industries") (ABI and Miller Industries being sometimes
referred to collectively as the "Parties" and individually as a "Party").

                                    RECITALS

      WHEREAS, the State of Maine, through its Department of Environmental
Protection ("MEDEP"), has alleged that there exist hazardous substances in the
groundwater, surface water, and soils at a parcel of land near Upland Road in
Lisbon, Maine (Lisbon Town Map U-17, Lot 22) (the "Bonafide Site");

      WHEREAS, Miller Industries is alleged to be a potentially responsible
party ("PRP") for the alleged environmental contamination of the Bonafide Site,
pursuant to Maine's Uncontrolled Hazardous Substance Sites Law ("UHSSL"), 38
M.R.S. ss. 1362(2) and the Comprehensive Environmental Response, Compensation
and Liability Act ("CERCLA"), 42 U.S.C. ss.9607(a), as the owner of the Bonafide
Site;

      WHEREAS, ABI is alleged to be a PRP for the alleged environmental
contamination of the Bonafide Site, pursuant to UHSSL and CERCLA;

      WHEREAS, the Parties have incurred response costs in investigating and
containing the alleged environmental contamination of the Bonafide Site;

      WHEREAS, the U.S. Environmental Protection Agency ("EPA") has alleged that
there exists a release or threatened release of a hazardous substance,
pollutant, or contaminant at a parcel of land at 1 Upland Road in Lisbon, Maine
(Lisbon Town Map U-17, Lot 24) (the "Leda Site") (the Leda Site and Bonafide
Site being sometimes referred to as the "Sites");

      WHEREAS, on May 9, 2005, EPA assigned the regulatory oversight of the Leda
Site to MEDEP;

      WHEREAS, Miller Industries is alleged to be a PRP for the alleged
environmental contamination of the Leda Site, pursuant to UHSSL and CERCLA;

      WHEREAS ABI is alleged to be a potentially responsible party for the
alleged environmental contamination of the Leda Site, pursuant to UHSSL and
CERCLA;

      WHEREAS, Miller Industries has incurred response costs in investigating
and containing the alleged environmental contamination of the Leda Site; and

<PAGE>

      WHEREAS, the Parties desire to undertake certain additional response
actions at the Sites as more particularly set forth in this Agreement, in part
to avoid further enforcement activities by MEDEP and/or EPA, including the
imposition of oversight costs and/or penalties,

      NOW, THEREFORE, Miller Industries and ABI hereby agree to respond to the
alleged environmental contamination of the Sites, and further to resolve and
allocate, finally, their respective liability for past and future response costs
at the Sites, as follows:

1.    ENVIRONMENTAL RESPONSE AND REMEDIATION

      1.1. The Parties accept the Plans (as defined and described below) as
defining the scope of work to be funded and completed pursuant to the terms of
this Agreement:

      A.    The March 9, 2005, Findings Report For Soil Investigation And
            Remediation, Former Leda Associates Property, by Sevee & Maher
            Engineers, Inc. ("Sevee & Maher") (attached hereto as Schedule
            1.A.1), subject to comments and requirements imposed by EPA in
            correspondence dated April 19, 2005 (attached hereto as Schedule
            1.A.2), and by MEDEP (attached hereto as Schedule 1.A.3), and as
            amended by Sevee & Maher's May 24, 2006 letter (attached hereto as
            Schedule 1.A.4), and Sevee & Maher's November 8, 2006, Engineering
            and Laboratory Services budget (attached hereto as Schedule 1.A.5)
            (together, the "Leda Plan");

      B.    The September 12, 2003, Draft Report Of Site Investigation, by URS
            Corporation ("URS") (attached hereto as Schedule 1.B.1), subject to
            comments and requirements imposed by MEDEP in correspondence dated
            March 31, 2005 (attached hereto as Schedule 1.B.2), URS's January
            30, 2007, Additional Site Investigation Work Plan (attached hereto
            as Schedule 1.B.3), and URS's March 19, 2007 Letter and Estimate
            (attached hereto as Schedule 1.B.4) (the "Bonafide Plan") (the Leda
            Plan and Bonafide Plan being sometimes referred to as "Plans" or
            individually as a "Plan").

      1.2. Any material change or modification, or series of changes or
modifications in the scope of work detailed in either Plan that impose
substantial additional costs on the Parties (i.e., exceeding $25,000
individually or $50,000 in the aggregate) shall be subject to further review and
Approval of the Parties. A Party shall respond to a request for Approval of such
a change or modification within ten (10) business days. As used in this
Agreement, "Approval", "Approved by the Parties" or "Approval of the Parties"
means approved in writing by each of the Parties, which approval, unless
otherwise provided herein, shall not be unreasonably withheld, delayed or
conditioned.

      1.3. Subject to a final determination of the Parties' respective
allocation shares as set forth elsewhere in Article 3 below, each of Miller
Industries and ABI agrees to fund fifty percent (50%) of the budgeted costs of
the remedial investigation, feasibility study, and remediation of the Sites as
reflected in the respective Plans (the "Bonafide Site Response Costs" and "Leda
Site Response Costs", respectively; and collectively, the "Response Costs"), as

                                      -2-
<PAGE>

further provided in this Section 1.3 and in Section 2.1 below. Within fifteen
(15) days following the later of the date of this Agreement and the execution
and delivery of the "Escrow Agreement" (as defined in Section 2.1 below), each
Party will fund $340,423.26, such amount representing, in total, fifty percent
(50%) of the budgeted costs to complete the Additional Site Investigation work
and any Follow-Up Investigation under the Bonafide Plan, and one hundred percent
(100%) of the budgeted costs to complete the remediation provided in the Leda
Plan. Beginning October 1, 2007 and continuing on the first day of each calendar
quarter thereafter, the Parties shall Approve a budget for the ensuing six (6)
months to complete the work anticipated to be done during such six (6) month
period, and each Party shall fund the unfunded portion of its fifty percent
(50%) share thereof within ten (10) days after such Approval.(1) Attached hereto
as Schedule 1.3 is a correct and complete list of those Response Costs incurred
and paid by Miller Industries prior to the date hereof. Within thirty (30) days
following the date of this Agreement, ABI shall reimburse Miller Industries an
amount equal to $43,582.76, representing fifty percent (50%) of those Response
Costs so listed on Schedule 1.3.

      1.4. The Parties agree that Miller Industries, on behalf of the Parties,
shall work with MEDEP, EPA, and any other local, state or federal agencies with
jurisdiction over the Sites in the oversight, review, approval, and
implementation of the Plans. Miller Industries shall also oversee and supervise
the consultants and contractors engaged by the Parties to implement the Plans,
including URS Corporation, Sevee & Maher, and Clean Harbors, Inc. Miller
Industries shall direct each of such consultants and contractors to prepare and
submit to the Parties progress reports on a regular basis. Such progress reports
shall describe in detail the progress made in implementing the Plans,
communications and/or meetings with local, state or federal entities with
jurisdiction over the Sites, and any other items of material interest to the
Parties. Miller Industries shall, at its election, be relieved of its
obligations under this Section 1.4 at such time (if ever) as there shall be
allocated to Miller Industries hereunder a share of responsibility for a Site
that is less than fifteen percent (15%) of the anticipated costs of responding
to the alleged contamination of that Site. Any such election by Miller
Industries shall be conditioned upon ABI and Miller Industries entering into
such agreements between themselves and with third parties (including abutters of
the Sites and others affected by the claims associated therewith), and obtaining
such consents and approvals from MEDEP, EPA and any other local, state or
federal agencies with jurisdiction over the Sites, and other interested parties,
as are necessary or appropriate for Miller Industries to be relieved of, and ABI
to assume the oversight, review, approval, and implementation of the Plans.

2.    ESCROW OF LEDA SITE AND BONAFIDE SITE RESPONSE COSTS

      2.1. The Parties shall fund the Response Costs by tendering their
respective contributions described in Section 1.3 above to T.D. Banknorth, N.A.
(the "Escrow Agent"), who shall hold such amounts and disburse same in
accordance with the Escrow Agent's standard-form escrow agreement (the "Escrow
Agreement"), which the Parties shall execute, completed in a manner consistent
herewith. The Parties shall bear equally the fee (if any) of the Escrow Agent.
The Escrow Agreement shall provide, inter alia, for disbursements to pay
Response Costs in accordance with the written direction(s) of the Parties.

----------
(1) For example: If on October 1, 2007 the Parties Approve $100,000 of Response
Costs for the period commencing on such date and ending March 31, 2008, which
amount includes $80,000 of Response Costs anticipated to be incurred during such
period and previously funded by the Parties under the first sentence of this
Section 1.3, then each Party shall, on or before October 10, 2007, tender to the
Escrow Agent $10,000 (i.e., fifty percent (50%) of the $100,000 Approved amount,
less the $80,000 previously tendered to the Escrow Agent).

                                      -3-
<PAGE>

3.    RESOLUTION OF PARTIES' ALLOCATIONS

      3.1. Upon the responsible environmental authority's acceptance of a report
delineating the parameters of alleged environmental contamination, and approving
a proposed remedy for such contamination, including an Approved budget therefor,
for both Sites, the Parties shall make good faith efforts to reach a consensus
and agreement upon their respective final shares (each, a "Share Allocation") of
responsibility for the Response Costs. In determining the Parties' respective
Share Allocations, whether by agreement or arbitration, there shall be
separately determined the share of Response Costs allocable to one or more third
parties (each, an "Orphan Share"). If after good faith efforts to reach such
consensus and agreement carried out over a thirty (30) day period the Parties
are unable to agree upon their respective Share Allocations and, if applicable,
any Orphan Shares, for either the Bonafide Site Response Costs or the Leda
Response Costs, then either Party may submit the dispute to a sole arbitrator
selected by the Parties, or to arbitration pursuant to the Commercial
Arbitration Rules of the American Arbitration Association, such arbitration to
be administered by the American Arbitration Association's Northeast Case
Management Center. The arbitration, and the parties shall be governed by the
Federal Arbitration Act and judgment on the award may be entered by any court
having jurisdiction.

      3.2. The arbitration shall occur before a single arbitrator, experienced
in environmental liability, contribution, and indemnification issues.

      3.3. The arbitration hearing shall be conducted in the offices of Verrill
Dana, LLP in Portland, Maine.

      3.4. Each Party shall bear its own legal fees and expenses and an equal
share of all costs and fees of the arbitrator.

      3.4. The arbitrator shall not limit, expand or modify the terms of this
Agreement nor award damages in excess of compensatory damages, and each Party
waives any claim to such excess damages for the purposes of this Agreement. The
obligations of a Party to arbitrate a dispute hereunder shall not affect such
Party's right to seek interim protection, specific performance, or other
equitable relief regarding obligations imposed by this Agreement.

      3.5. The arbitrator shall issue a written decision and award promptly
following the close of the record of the Arbitration. In determining the
respective Allocation Shares of the Parties and, if applicable, any Orphan
Shares, the Arbitrator in his decision and award shall, in both his findings and
conclusions, make separate and distinct determinations as to the Bonafide Site
and Leda Site.

      3.6. The decision and award of the Arbitrator shall be final and binding
on the Parties. The Award may be entered and enforced in any state or federal
court in Maine, and the Parties agree to submit to the personal and subject
matter jurisdiction of such court.

                                      -4-
<PAGE>

      3.7. Within thirty (30) days following either agreement of the Parties
under Section 3.1 above, or the Arbitrator's decision and award, regarding the
respective Share Allocations of the Parties and, if applicable, any Orphan
Shares, the Parties shall pay to one another such amount as is necessary so that
each Party, giving effect to all prior payments and such final, adjusting
payment, shall have paid its finally-determined Share Allocation of
responsibility for the Response Costs. In addition, if there is determined to
exist one or more Orphan Shares, the Parties shall cooperate with one another to
seek contribution from such third parties. If contribution for any such Orphan
Share cannot be secured, then the Parties shall bear responsibility for such
Orphan Share, and any costs incurred in seeking same, in the same proportion as
their respective Share Allocations bear to one another.(2)

      3.8. The subject matter, content and result of arbitration shall be held
in confidence by the Parties, and no Party shall issue any press release or make
any public announcement relating thereto without the prior written approval of
each Party; provided, however, that any Party may make any public disclosure it
believes in good faith is required by applicable law or any listing or trading
agreement concerning its publicly traded securities (in which case the
disclosing Party will use its reasonable best efforts to advise the other Party
prior to making the disclosure).

      3.9. Nothing in this Section 3 shall foreclose the Parties' right to
agree, in writing, to postpone or hold in abeyance such arbitration for the
purpose of first conducting negotiations via other alternative dispute
resolution media, including mediation.

4.    TERMINATION

      4.1 Unless sooner terminated pursuant to the provisions of this Agreement,
this Agreement shall remain in effect until completion of the remediation work
described in the Plans and a final determination pursuant to Section 3 above of
the Parties' respective Share Allocations for the Sites.

      4.2. (a) Each Party shall have the right to terminate this Agreement if
(i) the other Party materially breaches this Agreement and fails to cure such
breach to the reasonable satisfaction of the non-breaching Party within a
reasonable time (not to exceed sixty (60) days) from the date the non-breaching
Party provides the breaching Party with written notice of such breach, or (ii)
either Party suffers an act of bankruptcy which, for purposes hereof, means, as
to a Party, such Party is or becomes insolvent, makes an assignment for the
benefit of creditors, or petitions or applies for the appointment of a
liquidator, receiver, manager, trustee or custodian (or similar official) of
such Party or of any substantial part of such Party's assets, or commences any
proceeding or case relating to such party under any bankruptcy, reorganization,
arrangements, insolvency, readjustment of debt, dissolution or liquidation or
similar law of any jurisdiction, now or hereafter in effect; or (iii) if any
such petition or application is filed or any such proceeding or case is
commenced against such Party and such Party indicates its approval thereof,

----------
(2) For example, assume that the Arbitrator finds ABI and Miller Industries with
Share Allocations of, respectively, 60% and 20%, with the remaining Share
Allocations assigned to one or more third parties. Assume further that no
contribution can be found from any of these third parties. Therefore, the
Parties' respective Share Allocations would be increased to 75% and 25%,
respectively, bearing the same proportion as those found by the Arbitrator and
totaling 100% responsibility for the Response Costs.

                                      -5-
<PAGE>

consent thereto or acquiescence therein or an order is entered appointing any
such liquidator or receiver or custodian (or similar official), or adjudicating
such Party bankrupt or insolvent, or approving a petition in any such proceeding
or a decree or order for relief is entered in respect of such Party in an
involuntary case under any bankruptcy, reorganization, arrangements, insolvency,
readjustment of debt, dissolution or liquidation or similar law of any
jurisdiction, now or hereafter in effect, and such order remains in effect for
more than thirty (30) days, whether or not consecutive.

            (b) This Agreement may be terminated at any time upon the mutual
written agreement of both Parties.

      4.3. Upon termination of this Agreement pursuant to Section 4.2 above,
this Agreement shall terminate and be of no further force or effect; provided,
that all provisions of this Agreement requiring or contemplating the performance
of any specific act after the termination of this Agreement, shall survive the
termination of this Agreement; and provided further, that no Party shall have
any liability hereunder of any nature whatsoever to the other Party, except for
liability for breach of this Agreement prior to any such termination and any
liability for payments arising prior to the termination of this Agreement not
previously paid.

5.    REPRESENTATIONS AND WARRANTIES

      5.1. Miller Industries represents and warrants to ABI that:

            (a) The execution, delivery, and performance by Miller Industries of
this Agreement are within the corporate power of Miller Industries, and have
been duly authorized by all necessary action on the part of Miller Industries;

            (b) This Agreement has been duly executed and delivered by Miller
Industries and constitutes the valid and binding obligation of Miller
Industries, enforceable against it in accordance with its terms; and

            (c) Neither the execution and the delivery of this Agreement, nor
the consummation of the transactions contemplated hereby, will (i) violate any
constitution, statute, regulation, rule, injunction, judgment, order, decree,
ruling, charge, or other restriction of any government, governmental agency, or
court to which it is subject or any provision of its charter or bylaws, or (ii)
conflict with, result in a breach of, constitute a default under, result in the
acceleration of, create in any party the right to accelerate, terminate, modify,
or cancel, or require any notice under any agreement, contract, lease, license,
instrument, or other arrangement to which it is a party or by which it is bound
or to which any of its assets is subject, except where the violation, conflict,
breach, default, acceleration, termination, modification, cancellation, failure
to give notice, would not have a material adverse effect on its financial
condition taken as a whole or on its ability to consummate the transactions
contemplated by this Agreement. There is no need for it to give any notice to,
make any filing with, or obtain any authorization, consent, or approval of any
government or governmental agency in order for the parties to consummate the
transactions contemplated by this Agreement.

                                      -6-
<PAGE>

      5.2. ABI represents and warrants to Miller Industries that:

            (a) The execution, delivery, and performance by ABI of this
Agreement are within the corporate power of ABI, and have been duly authorized
by all necessary action on the part of ABI;

            (b) This Agreement has been duly executed and delivered by ABI and
constitutes the valid and binding obligation of ABI, enforceable against it in
accordance with its terms; and

            (c) Neither the execution and the delivery of this Agreement, nor
the consummation of the transactions contemplated hereby, will (i) violate any
constitution, statute, regulation, rule, injunction, judgment, order, decree,
ruling, charge, or other restriction of any government, governmental agency, or
court to which it is subject or any provision of its charter or bylaws, or (ii)
conflict with, result in a breach of, constitute a default under, result in the
acceleration of, create in any party the right to accelerate, terminate, modify,
or cancel, or require any notice under any agreement, contract, lease, license,
instrument, or other arrangement to which it is a party or by which it is bound
or to which any of its assets is subject, except where the violation, conflict,
breach, default, acceleration, termination, modification, cancellation, failure
to give notice, would not have a material adverse effect on its financial
condition taken as a whole or on its ability to consummate the transactions
contemplated by this Agreement. There is no need for it to give any notice to,
make any filing with, or obtain any authorization, consent, or approval of any
government or governmental agency in order for the parties to consummate the
transactions contemplated by this Agreement.

6.    NOTICES

      6.1. All notices to a Party shall be addressed to such Party at the
address set forth below or to such other place as may be designated by written
notice to the other Party. Notice shall be sufficient when delivered by hand;
when sent by fax/telecopy with the original thereof posted first-class mail,
postage prepaid, within two (2) business days thereafter; when posted by Federal
Express, Express Mail, or any similar regular, receipted overnight delivery
service, postage prepaid; when posted by certified mail, return receipt
requested and postage prepaid; or when delivered by a private courier,
requesting evidence of receipt as part of its service. Any such notice shall be
addressed to the Party at its address described below, and shall be effective
when first received. Unless otherwise notified in writing, each Party shall
direct all sums payable to the other Party at its address for notice purposes.
For purposes hereof, the addresses of the Parties shall be:

                                      -7-
<PAGE>

      If to Miller Industries, Inc.:

      David J. Robinson
      Miller Industries, Inc.
      P.O. Box 97 Canal Street
      Lisbon Falls, ME 04252-0097
      Fax:  (207) 353-5900

      With a copy to:

      George S. Isaacson, Esq.
      Brann & Isaacson
      184 Main Street
      P.O. Box 3070 Lewiston, ME 04243-3070 Fax: (207) 783-9325

      If to American Biltrite Inc.:

      American Biltrite Inc.
      Attn.:  Vice President & Corporate Counsel
      57 River Street
      Wellesley Hills, MA  02481-2097
      Telephone:  (781) 237-6655
      Fax:  (781) 237-6880

      With a copy to:

      David M. Amidon, Esq.
      Burns & Levinson LLP
      125 Summer Street
      Boston, MA  02110
      Fax:  (617) 345-3299

7.    GENERAL PROVISIONS

      7.1. Each Party shall bear and pay its own attorneys' fees and costs
incurred in furthering or monitoring such Party's responses at the Bonafide Site
and/or Leda Site, and in negotiating, mediating, and/or arbitrating the Parties'
respective shares of responsibility therefor.

      7.2. This Agreement shall be governed by, and construed in accordance
with, the substantive laws of the State of Maine, without regard to principles
of conflicts of laws that would require the application of the laws of another
jurisdiction.

                                      -8-
<PAGE>

      7.3. This Agreement shall be binding upon, and inure to the benefit of
each of the Parties hereto and their respective successors and assigns, but no
rights of a Party hereunder may be assigned, and no obligations of a Party may
be delegated without the other Party's written consent. Any other purported
assignment shall be null and void.

      7.4. This Agreement and the other documents referred to herein or
delivered pursuant hereto contain the entire agreement among the Parties with
respect to the transactions contemplated hereby and supersede all prior
negotiations, commitments, agreements and understandings among them with respect
thereto.

      7.5. This Agreement shall not confer any rights or remedies upon any
person other than the Parties and their respective successors and permitted
assigns.

      7.6. Except as otherwise provided herein, this Agreement may be amended,
and compliance with any provision of this Agreement may be omitted or waived,
only by written agreement duly signed by the Parties hereto. No waiver by any
Party of any default, misrepresentation, or breach of warranty or covenant
hereunder, whether intentional or not, shall be deemed to extend to any prior or
subsequent default, misrepresentation, or breach of warranty or covenant
hereunder or affect in any way any rights arising by virtue of any prior or
subsequent such occurrence.

      7.7. This Agreement may be executed in any number of counterparts, each
such counterpart shall be deemed to be an original instrument, and all such
counterparts together shall constitute but one agreement.

      7.8. Any determination, approval or consent required of or from a Party,
regardless of whether stated to be in such Party's discretion, shall not be
unreasonably made, withheld, delayed or conditioned. Each Party shall hereafter
execute and deliver such additional and confirmatory instruments as reasonably
may be requested by the other Party hereto to carry out the intent, provisions
and purposes of the Agreement.

      7.9. The Parties have participated jointly in the negotiation and drafting
of this Agreement. In the event an ambiguity or question of intent or
interpretation arises, this Agreement shall be construed as if drafted jointly
by the Parties and no presumption or burden of proof shall arise favoring or
disfavoring any Party by virtue of the authorship of any of the provisions of
this Agreement. Any reference to any federal, state, local, or foreign statute
or law shall be deemed also to refer to all rules and regulations promulgated
thereunder, unless the context requires otherwise. A reference to a Section,
Schedule, Exhibit or attachment will mean a Section in, or an Exhibit, Schedule
or attachment to, this Agreement, unless otherwise explicitly set forth. The
titles and headings in this Agreement are for reference purposes only and will
not in any manner limit the construction of this Agreement. Unless the context
otherwise requires, (i) a term has the meaning ascribed to it in this Agreement,
(ii) an accounting term not otherwise defined shall have the meaning ascribed to
it under generally accepted accounting principles in effect in the United
States, (iii) "or" is not exclusive, (iv) the word "including" shall mean
"including without limitation" or words to that effect, and (v) grammatical
variations of any terms defined herein have similar meanings, (vi) words in the
singular include the plural, and words in the plural include the singular, and
(vii) words importing the masculine gender shall include the feminine and neuter
genders. For the purposes of such construction, this Agreement will be
considered as a whole.

                                      -9-
<PAGE>

      7.10. Any provision of this Agreement that 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 shall be replaced with an enforceable provision as
similar to the original as possible without being prohibited or unenforceable),
and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction.

      IN WITNESS WHEREOF, this Agreement has been duly executed by the parties
hereto as of the day and year first written above.

MILLER INDUSTRIES, INC.                            AMERICAN BILTRITE INC.

By: /s/ Herbert A. Miller                          By: /s/ Richard G. Marcus
    ---------------------                              ---------------------
    Its: President                                     Its: President
    thereunto duly authorized                          thereunto duly authorized

                                      -10-

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