TRANSFER AGREEMENT BY AND AMONG SHUMATE INDUSTRIES, INC., HEMIWEDGE VALVE CORPORATION AND TEJAS RESEARCH & ENGINEERING, L.P. October 14, 2008Transfer Agreement • October 21st, 2008 • Shumate Industries Inc • Fabricated structural metal products • Texas
THIS TRANSFER AGREEMENT (this “Agreement”) is entered into this 15th day of October, 2008, by and among Shumate Industries, Inc., a Delaware corporation (“Shumate”), Hemiwedge Valve Corporation, a Texas corporation and wholly owned subsidiary of Shumate (“Hemiwedge” and, together with Shumate, the “Sellers”), and Tejas Research & Engineering, L.P., a Texas limited partnership (“Tejas”).
ContractCommon Stock Purchase Warrant • October 21st, 2008 • Shumate Industries Inc • Fabricated structural metal products • Texas
THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, TRANSFERRED, HYPOTHECATED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER OR EXEMPTION FROM SUCH ACT AND ALL APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO SHUMATE INDUSTRIES, INC. THAT SUCH REGISTRATION IS NOT REQUIRED. A COPY OF THE WARRANT IS AVAILABLE AT THE OFFICES OF THE COMPANY.
HEMIWEDGE INTELLECTUAL PROPERTY AGREEMENTIntellectual Property Agreement • October 21st, 2008 • Shumate Industries Inc • Fabricated structural metal products • Texas
This HEMIWEDGE INTELLECTUAL PROPERTY AGREEMENT (this “Agreement”) effective as of October 14, 2008 (the “Effective Date”), is entered into by and between Tejas Research & Engineering, L.P., a Texas limited partnership (“TRANSFEREE”), and Hemiwedge Valve Corporation, a Texas corporation (“TRANSFEROR”).
