Exhibit 10.8
CAPITAL CONTRIBUTION AGREEMENT
KNOW ALL PERSONS BY THESE PRESENTS, that Pioneer Financial Industries,
Inc., a Nevada corporation ("Transferor"), as an additional capital contribution
in consideration of its ownership of 100% of the shares of capital stock of
Pioneer Financial Services, Inc., a Missouri corporation ("Transferee"), hereby
sells, exchanges, transfers, assigns and conveys unto Transferee, its successors
and assigns, all of Transferor's right, title and interest in and to one share
of Pioneer Sales Services, GmbH, a German limited liability company, such share
representing all ownership interests of Transferor in Pioneer Sales Services,
GmbH.
TO HAVE AND TO HOLD the same unto Transferee, its successors or assigns,
forever, and Transferor does hereby convenant and agree that it will from time
to time, if requested by Transferee, its successors and assigns, do, execute,
acknowledge and deliver, or will cause to be done executed and delivered to
Transferee or its successors or assigns, such and all further acts, transfers,
assignments, deeds, powers and assurances of title, and additional papers and
instruments, and or cause to be done all acts or things as often as may be
proper or necessary for better assuring, conveying, transferring and assigning
all of the property hereby conveyed, transferred or assigned, and effectively to
carry out the intent hereof, and to vest the entire right, title and interest of
Transferor in and to all of the said property, and Transferor will warrant and
defend the same to Transferee, its successors and assigns, forever against all
claims or demands whatsoever.
IN WITNESS WHEREOF, Transferor and Transferee have caused this instrument
to be executed by their duly authorized officers as of the ___ day of November,
2003.
TRANSFEROR:
PIONEER FINANCIAL INDUSTRIES, INC.
/s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx, President
TRANSFEREE:
PIONEER FINANCIAL SERVICES, INC.
/s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx, President
