MERGER AND EXCHANGE AGREEMENTMerger and Exchange Agreement • February 8th, 2008 • High Point Transport, Inc. • Trucking (no local) • Florida
THIS MERGER AND EXCHANGE AGREEMENT, made and entered into on February 6, 2008, by and among Turbine Truck Engines Inc., (“TTEG”), a Delaware corporation, High Point Acquisition, Inc. ("Acquisition"), a Nevada corporation to be formed as a wholly owned subsidiary of TTEG, and High Point Transport, Inc. ("HPTI"), a Florida corporation.
EMPLOYMENT AGREEMENTEmployment Agreement • November 2nd, 2007 • High Point Transport, Inc. • Trucking (no local) • Michigan
This EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into by and between Cannon Freight System, Inc., a Michigan corporation, (the “Company”), with the guaranty of High Point Transport, Inc., a Florida corporation, and Anthony Vallone, Sr. (“Employee”) effective as of October 25, 2007 or the actual date Employee first reports for work (“Start Date”).
STOCK PURCHASE AGREEMENTStock Purchase Agreement • November 2nd, 2007 • High Point Transport, Inc. • Trucking (no local) • Michigan
THIS STOCK PURCHASE AGREEMENT, made and entered into as of October 17,2007, by and among High Point Transport, Inc., a Florida corporation, (“HPTI”), Anthony Vallone, Sr. (“Mr. Vallone”) the sole stockholder of Cannon Freight Systems, Inc., a Michigan corporation, (“CFSI”), and CFSI for the purpose of its representations, warranties and deliverables set forth herein.
EMPLOYMENT AGREEMENTEmployment Agreement • August 9th, 2007 • Hp Transport, Inc. • Florida
This EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into by and between High Point Acquisition, Inc., a Florida corporation, (the “Company”), and Paul A. Henley (“Employee”) effective as of January 1, 2007 ("Start Date").
10% SUBORDINATED CONVERTIBLE DEBENTURE (COLLATERALZED) DUE DECEMBER 31, 2008High Point Transport, Inc. • November 2nd, 2007 • Trucking (no local) • Florida
High Point Transport, Inc., a Florida corporation (the "Company") with principal offices at 23730 County Rd. 675, Myakka City, Fl. 34251, for value received, hereby promises to pay the registered holder hereof (the “Holder”) the principal sum set forth above on December 31, 2008 (the “Maturity Date”), in such coin or currency of the United States of America as at the time of payment shall be the legal tender for the payment of public and private debts, and to pay interest, less any amounts required by law to be deducted or withheld, computed on the basis of a 365-day year, on the unpaid principal balance hereof from the date hereof (the "Original Issue Date"), at the rate of 10% per year, until such principal sum shall have become due and payable, or has been converted by the Holder pursuant to Section 6, below. Interest payments will be made at the option of the Holder in either cash or in such number of shares of the Company’s common stock, $.0001 par value (“Common Stock”), computed
