0001144204-08-051400 Sample Contracts

ASSET PURCHASE AGREEMENT
Asset Purchase Agreement • September 5th, 2008 • Shumate Industries Inc • Fabricated structural metal products • Texas

THIS ASSET PURCHASE AGREEMENT (“Agreement”), dated as of August 29, 2008, is by and among American International Industries, Inc., a -----------------Nevada corporation (the “Purchaser”), Shumate Machine Works, Inc., a Texas corporation (the “Company”), and Shumate Industries, Inc., a Delaware corporation and the sole shareholder of the Company (the “Parent”).

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