SERIES A PREFERRED STOCK REDEMPTION AGREEMENTSeries a Preferred Stock Redemption Agreement • April 25th, 2005 • Innovo Group Inc • Miscellaneous fabricated textile products • Texas
THIS SERIES A PREFERRED STOCK REDEMPTION AGREEMENT (the “Agreement”) is made as of the day of April, 2005 (the “Closing Date”), by and among AMERICAN REALTY INVESTORS, INC., a Nevada corporation (“ARI”), TRANSCONTINENTAL REALTY INVESTORS, INC., a Nevada corporation (“TCI”), INCOME OPPORTUNITY REALTY INVESTORS, INC., a Nevada corporation (“IORI” and together with TCI and ARI, the “Series A Stockholders”), INNOVO GROUP, INC., a Delaware corporation (“Innovo”), and Denton R.N. Enterprise, Inc., a Texas corporation (“Denton”). Denton is a party hereto solely for purposes of Sections 4, 7, 9 and 10.
RELEASE AGREEMENTRelease Agreement • April 25th, 2005 • Innovo Group Inc • Miscellaneous fabricated textile products • New York
THIS RELEASE AGREEMENT (the “Agreement”) is made as of the day of April, 2005 (the “Execution Date”), by and among, INNOVO GROUP, INC., a Delaware corporation (“Innovo”), and METRA CROSS POOL 1, LP, METRA CROSS POOL 2, LP, METRA ARBOR POINT, LP, METRA BRIGHTON COURT, LP, METRA DELMAR VALLEY, LP, METRA ENCLAVE, LP, METRA FAIRWAY VIEW, LP, METRA FOUNTAIN LAKE, LP, METRA HARPER’S FERRY, LP, METRA MERIDIAN, LP, METRA QUAIL OAKS, LP, METRA SUNCHASE, LP, METRA WESTWOOD, LP, METRA WILLOW CREEK, LP, METRA WINDSOR TOWER, LP and METRA WOOD HOLLOW, LP (collectively, the “Metra Entities”).
