EX-10.7 10 lockupagreementwithbell.txt LOCK-UP AGREEMENT WITH BELL Exhibit 10.7 LOCK-UP AGREEMENT American Life Holding Company, Inc. 4823 Old Kingston Pike Suite 125 Knoxville, Tennessee 37919 Re: American Life Holding Company, Inc. (the "Company") Gentlemen: The undersigned is a director of the Company and either is the beneficial owner of, or otherwise controls, such shares of the Company's common stock as are set forth below (collectively, the "Company Common Shares"). In connection with the Company's pending registration statement on Form SB-2, SEC file number 333-99415, for the 90 day period beginning on such date as the Company's common stock shall be quoted in the over-the- counter market or listed on a national securities exchange, the undersigned irrevocably agrees that he will not, 1. offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase ay option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Company Common Shares, or 2. enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Company Common Shares, whether any such transaction is to be settled by delivery of Company Common Shares or such other securities, in cash or otherwise. Dated: October 25, 2002 /s/ John H. Bell -------------------------------- John H. Bell,individually and as Shares Covered by this Lock-Up Agreement trustee of the trust set forth herein Record Holder No. of Shares ------------- ------------- John H. Bell 1,500 John H. Bell f/b/o Jane P. Bell 40,174 ------ 41,674