Document:

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                                                                    EXHIBIT 10.2

                      AGREEMENT FOR MANAGEMENT SUCCESSION,
                      RESIGNATION AND SEVERANCE OF CEO, AND
                           OTHER MISCELLANEOUS MATTERS

      NOW COMES Trans-Industries, Inc., a Delaware corporation (hereinafter
referred to as the "Company") and Dale S. Coenen (hereinafter referred to as
"Coenen"), on May 23, 2005, to enter into the following Agreement effective as
of the 16th day of March, 2005 as follows; to wit:

                                    RECITALS

      WHEREAS, Coenen served as the Chief Executive Officer and Chairman of the
Board of Directors of the Company until his resignation on March 16, 2005;

      WHEREAS, Coenen has voluntarily resigned and/or retired as Chief Executive
Officer and Chairman of the Board;

      WHEREAS, Coenen and the Company both believe that it is in the Company's
best interest to provide for an orderly transfer of management from Coenen to a
new Chief Executive Officer and Chairman of the Board including, but not limited
to, the appointment of Mr. Richard Solon ("Solon") as Chief Executive Officer
and Chairman of the Board effective upon the resignation of Coenen, and subject
to approval of the Board of Directors in accordance with the Bylaws of the
Company;

      WHEREAS, the Company, in recognition of Coenen's long-standing service
wishes to offer him a certain severance package;

      WHEREAS, Coenen is a plan participant of the Company's Profit Sharing
Plan, and the Company and Coenen intend to provide for the orderly transfer of
Coenen's beneficial interest in the Profit Sharing Plan by roll over to his own
individual retirement account (IRA);

      NOW THEREFORE, in consideration of the mutual covenants and conditions
contained herein, the sufficiency of which are acknowledged to be adequate, it
is hereby agreed as follows; to wit:

                        I. RESIGNATION OF DALE S. COENEN

Paragraph 1.1 Effective March 16, 2005, Coenen has resigned as Chief Executive
Officer and Chairman of the Board of Directors of the Company and from the Board
of Directors and as an officer of Transmatic, Inc., Transign, Inc., The Lobb
Company, and Vultron, Inc. (hereinafter referred to as "Subsidiary
Corporations").

Paragraph 1.2 Coenen shall remain a member of the Board of Directors until his
earlier resignation or removal in accordance with the bylaws of the Company, or
otherwise.

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Paragraph 1.3 Coenen shall continue to act as Trustee of the Company's Profit
Sharing Plan until the earlier of November 16, 2005 or the termination of the
Profit Sharing Plan.

Paragraph 1.4 Coenen and the Company shall execute the Severance Agreement and
Release of Claims attached hereto and incorporated herein as Exhibit "A".

                            II. MANAGEMENT SUCCESSION

Paragraph 2.1 Coenen confirms his consent to the nomination and selection of
Richard Solon to be his successor as Chief Executive Officer and Chairman of the
Board by executing the Special Board Resolution of March 16, 2005 attached
hereto as Exhibit "B".

            III. DISTRIBUTION OF COENEN'S PROFIT SHARING BENEFITS AND
                   AGREEMENT TO PURCHASE SHARES OF THE COMPANY

Paragraph 3.1 Coenen directs, and the Company shall distribute, Coenen's vested
interest in the Profit Sharing Plan by utilization of the roll over process to
Coenen's IRA. The distribution or roll over shall occur as soon as commercially
reasonable 15 days following the filing of "Notification Form: Listing of
Additional Shares: with NASDAQ with the delivery of currency, check, cashier's
check or wire transfer. Coenen shall execute and consent to any further
documentation including, but not limited to, a distribution form under the
Profit Sharing Plan, as requested by the Company in accordance with this
Agreement. If the Company takes any further action in connection with the
Notification Form, then distribution or roll over may be reasonably delayed by
the Company accordingly.

Paragraph 3.2 Coenen shall use all cash proceeds or sums delivered to his IRA
pursuant to paragraph 3.1 above, less the sum of Fifty-Nine Thousand
($59,000.00) Dollars, to purchase common stock from the Company pursuant to the
terms and conditions set forth in the Stock Purchase Agreement attached hereto
as Exhibit "C", and incorporated herein.

Paragraph 3.3 If any provision of this Agreement is held to be invalid or
unenforceable, or a violation of or prohibited by the Employee Retirement Income
Security Act of 1974, 29 U.S.C. Section 1001, et seq. ("ERISA"), or the
regulations promulgated thereunder, then this Agreement shall be construed to
effectuate Article III of the Agreement in a manner consistent therewith.

                      IV. RIGHT OF FIRST REFUSAL AGREEMENT

Paragraph 4.1 Termination of Right of First Refusal Agreement As to Current
Common Stock of Coenen and Miller. On March 4, 2004, Coenen, the Company, and
Duncan Miller entered into a Right of First Refusal Agreement with Harry E.
Figgie, Jr. Trustee under a certain Trust Agreement dated July 15, 1976, as
Amended. As a condition precedent to this Agreement, said Right of First Refusal
Agreement shall be amended and modified in the form attached hereto as Exhibit
"D".

Paragraph 4.2 Any Other Capital Stock of the Company Acquired by Coenen. The
Common Stock, if any, acquired by Coenen, pursuant to Article III, paragraphs
3.1 and 3.2, shall be

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subject to the terms and conditions of the amended Right of First Refusal
Agreement attached hereto as Exhibit "D".

                         V. STOCK RESTRICTION AGREEMENT

Paragraph 5.1 All common stock heretofore owned by Coenen or later acquired by
Coenen in any manner, including, without limitation, pursuant to Article III,
Paragraph 3.1 or 3.2 shall be subject to the Stock Restriction Agreement
attached hereto as Exhibit "E".

                                 VI. DISCLOSURE

Paragraph 6.1 The Company shall use commercially reasonable efforts to have its
common stock listed on a national exchange or automated quotation system.

Paragraph 6.2 The Company has filed a current report on Form 8-K under the 1934
Act disclosing Coenen's resignation. In addition, the Company will make such
other filings and notices in the manner and time required by the SEC and each
national security exchange or automated quotation system upon which shares of
common stock are currently listed.

                                VII. THE CLOSING

Paragraph 7.1 Closing Actions. In connection with the execution and delivery of
this Agreement, the following actions shall occur (the "Closing Actions"),
simultaneously with or prior to the execution and delivery of this Agreement:
(a) The Company and Coenen shall have executed and delivered the Severance
Agreement and Mutual Release of Claims in the form attached hereto as Exhibit
"A"; (b) Coenen shall have consented to the nomination and selection of Richard
Solon to be his successor as Chief Executive Officer and Chairman of the Board
in the form attached hereto as Exhibit "B"; (c) the Amended Right of First
Refusal Agreement shall have been executed and delivered in the form attached
hereto as Exhibit "D"; and (d) the Stock Restriction Agreement shall have been
executed and delivered in the form attached hereto as Exhibit "E".

                         VIII. MISCELLANEOUS PROVISIONS

            A. Counterparts; Signature Pages. This Agreement may be executed and
delivered in multiple counterparts, each of which will be deemed an original,
and all of which together will constitute one and the same instrument. This
Agreement may be executed and delivered by facsimile and with separate signature
pages with the same effect as though all parties had executed and delivered the
same original signature page.

            B. Entire Agreement. This Agreement, and its Exhibits, constitute
the exclusive statement of the agreement between the parties concerning the
subject matter hereof, and supersede all other agreements, oral or written,
between the parties concerning such subject matter. All negotiations among the
parties hereto are superseded by this Agreement, and there are no
representations, warranties, promises, understandings or agreements, oral or
written, in

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relation to the subject matter hereof between the parties other than those
expressly set forth herein.

            C. Amendments; Waivers. No amendment or modification of this
Agreement or any provision hereof, including the provisions of this sentence,
will be effective or enforceable as against a party hereto unless made in a
written instrument which specifically references this Agreement and which is
signed by the party against whom enforcement of such amendment or modification
is sought.

            D. Binding Effect. This Agreement, when executed and delivered by
both parties hereto, will be binding upon and will inure to the benefit of each
of the parties and their respective successors, legal representatives and
assigns.

            E. Third Parties. No provision of this Agreement is intended or may
be construed to confer on any person, other than the parties hereto and their
respective successors and assigns, any rights hereunder.

            F. Interpretation. In each place where it is used in this Agreement,
the word "including" is intended and shall be construed to mean "including but
not limited to". The section and paragraph headings in this Agreement are
intended only for convenience of reference and shall be disregarded in
interpreting the provisions of this Agreement. Whenever the context requires in
this Agreement, the masculine gender includes the feminine or neuter, the neuter
gender includes the masculine or feminine, the singular number includes the
plural, and the plural number includes the singular.

            G. Governing Law. This Agreement and the rights and obligations of
the parties hereunder will be governed by and construed in accordance with the
laws of the State of Michigan applicable to contracts made and to be performed
entirely within Michigan and without regard to the conflicts-of-laws provisions
thereof.

            H. Severability. If any provision in this agreement is held to be
invalid or unenforceable, it shall be ineffective only to the extent of the
invalidity, without affecting or impairing the validity and enforceability of
the remainder of the provision or the remaining provisions of this Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

                     [SIGNATURE PAGE IMMEDIATELY FOLLOWING.]

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      IN WITNESS WHEREOF, and intending to be legally bound, Company and Coenen
have executed and delivered this Agreement as of the date first written above.

                                          AGREED TO AND ACCEPTED BY:

                                          /s/ Dale S. Coenen
                                          --------------------------------
                                          DALE S. COENEN

                                          AGREED TO AND ACCEPTED BY
                                          THE COMPANY

                                          BY:  /s/ Richard Solon
                                               --------------------------
                                               RICHARD SOLON
                                          TITLE: Chief Operating Officer

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LIST OF EXHIBITS

A.    Severance Agreement and Release of Claims

B.    Special Board Resolution of March 16, 2005

C.    Stock Purchase Agreement

D.    Right of First Refusal Agreement, Amendment No. 3

E.    Stock Restriction Agreement

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                                                                    EXHIBIT 10.3

                            STOCK PURCHASE AGREEMENT

      NOW COMES Dale S. Coenen (hereinafter referred to as "Purchaser") and
Trans-Industries, Inc. (hereinafter referred to as the "Company"), on May 23,
2005, to enter into the following agreement effective as of the 16th day of
March, 2005.

                                   BACKGROUND

      A.    Purchaser served as the Chief Executive Officer of the Company for
            several years.

      B.    Purchaser is or may be receiving a roll over distribution from the
            Company's Profit Sharing Plan consisting of cash, securities or a
            combination of both.

      C.    Purchaser desires to purchase from the Company its Common Stock, and
            the Company does agree to sell to Purchaser Common Stock.

      NOW THEREFORE, in consideration of the mutual covenants and conditions
contained herein, the parties do hereby agree as follows; to wit:

                      I. PURCHASE OF SHARES OF COMMON STOCK

1.1 Cumulative Purchase Price. The Company agrees to sell, and Purchaser agrees
to purchase the Company's Common Stock (the "Common Stock") having a cumulative
value equivalent to all of the cash proceeds distributed to Purchaser or his
individual retirement account ("IRA") from the Company's Profit Sharing Plan,
less the sum of Fifty-Nine Thousand ($59,000.00) Dollars.

1.2 Share Purchase Price. The per share purchase price of the Common Stock sold
hereunder shall be the higher of: (1) the average purchase price of the stock
as listed on the Nasdaq exchange, or other equivalent exchange, for the 30-day
period preceding the Closing Date, (2) the listed closing price on the day
before the Closing Date, or (3) in the event the purchase will equal or exceed
20% or more of the Common Stock or voting power previously outstanding, the per
share book value of the Common Stock. If the Common Stock is no longer listed or
traded on the NASDAQ exchange, the Company and Purchaser will mutually agree on
the per share purchase price of the Common Stock. If the Company and Purchaser
do not mutually agree on a per share purchase price of the Common Stock within
ten days following the occurrence of a Triggering Event (as defined below), the
per share purchase price will mean the Appraised Value (as defined below).
"Triggering Event" means a payment, distribution or rollover from the Company's
Profit Sharing Plan to Purchaser or an affiliate of Purchaser. "Appraised Value"
means the per share price for Common Stock determined by an appraisal (an "ERISA
Appraisal") dated within 30 days of a Triggering Event that is conducted in
connection with the Agreement for Management Succession, Resignation, Severance
of CEO, and other Miscellaneous Matters dated as of the date hereof by and
between the Company and Purchaser. If no ERISA Appraisal exists that is dated
within 30 days of a Triggering Event, "Appraised Value" will mean the fair
market value per share price for the Common Stock determined by an

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independent appraiser qualified to appraise the Common Stock (the "Appraiser").
The Appraiser will be mutually selected by the Company and Purchaser. If the
Company and Purchaser fail to agree on the Appraiser within one business day,
each will name an independent qualified appraiser and instruct those two
appraisers to, within five business days, name a third appraiser who will be the
Appraiser determine the Appraised Value. The Company and Purchaser will share
equally in the costs of the Appraiser and determining the Appraised Value. The
determination of the Appraised Value will be final and binding on the parties.

1.3 Use of Proceeds. The Company shall use the proceeds from the sale of the
Common Stock to redeem, or pay accrued but unpaid interest on, the Series A
Preferred Stock held in the Company's Profit Sharing account to the fullest
extent possible.

                           II. RIGHT OF FIRST REFUSAL

2.1 Right of First Refusal. The Common Stock acquired hereunder shall be subject
to the terms and conditions of the Amended Right of First Refusal Agreement
entered into contemporaneously herewith, and the terms and conditions of said
Agreement are incorporated herein.

                        III. STOCK RESTRICTION AGREEMENT

3.1 Stock Restriction Agreement. The Common Stock acquired hereunder shall be
subject to the terms and conditions of the Stock Restriction Agreement among the
parties herein and Duncan Miller dated effective as of March 16, 2005 and the
terms and conditions of said Agreement are incorporated herein.

                             IV. REGISTRATION RIGHTS

4.1 Registration Rights. The Company shall, within a reasonable time, grant
registration rights to the Purchaser with regard to the Common Stock purchased
by him hereunder. The term "registration" refers to a registration effected by
preparing and filing a registration statement or similar document in compliance
with the Securities Act of 1933, as amended (the "Securities Act"), and the
declaration or ordering of effectiveness of such registration statement or
document. The obligation to register shall be null and void in the event that
the Company's Common Stock is delisted from the national securities exchange or
automated quotation system upon which shares of the Common Stock are currently
listed.

                             V. THE CLOSING ACTIONS

5.1 The Closing. The consummation of the purchase and sale of the Common Stock
and the other transactions and deliveries contemplated by this Agreement (the
"Closing") shall take place at the office of the Company located at 1780 Opdyke
Court, Auburn Hills, Michigan 48326 on the first business day following a
Triggering Event or as soon as practicable thereafter (the "Closing Date").

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                       VI. REPRESENTATIONS AND WARRANTIES

      Purchaser represents and warrants to the Company that:

6.1 he is an "accredited investor" within the meaning of Rule 501 promulgated
under the Securities Act of 1933 (the "Securities Act");

6.2 he has sufficient knowledge and experience in investing in companies similar
to the Company so as to be able to evaluate the risks and merits of an
investment in the Company and he is able financially to bear the risks thereof;

6.3 he has had an opportunity to discuss the Company's business, management and
financial affairs with the Company's management;

6.4 he is aware that:

      (a)   The Common Stock represents "restricted securities" as that term is
            defined in Rule 144 promulgated under the act;

      (b)   The Common Stock cannot be sold or transferred without registration
            under the Securities Act and any applicable state securities laws
            (the "State Acts"), unless Purchaser establishes to the reasonable
            satisfaction of the Company that such registration is not necessary;

      (c)   any certificates which may be issued to evidence the Common Stock
            shall bear the following legend, in addition to any other legend
            required by law:

            "The shares represented by this certificate have not been registered
            under the Securities Act of 1933, as amended (the "Act"), or any
            state securities acts and may not be sold, transferred or otherwise
            disposed of unless a registration statement under the Act and any
            applicable state securities acts with respect to such shares is
            effective or unless the holder establishes to the reasonable
            satisfaction of the Company that such shares may be sold without
            registration under the Act and such acts."

6.5 he is acquiring the Common Stock for his own account and not on behalf of
any other person;

6.6 he is acquiring the Common Stock for investment and not with a view to or
for sale in connection with any distribution of the Common Stock or with the
intent to divide his participation with others or resell or otherwise
participate in a distribution of the Common Stock, directly or indirectly;

6.7 neither he no anyone acting on his behalf has paid or will pay any
commission or other remuneration to any person in connection with the purchase
of Common Stock; and

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6.8 he will not sell the Common Stock (i) without registration under the Act and
the applicable State Acts, unless he establishes to the satisfaction of the
Company that such registration is not necessary, or (ii) without compliance with
any restrictions imposed by the Act or any applicable State Acts.

                            VII. SPECIAL PERFORMANCE

7.1 In connection with any action or proceeding to enforce the terms of this
Agreement, the parties acknowledge that there will not be an adequate remedy at
law and failure to perform by either party will cause irreparable harm.
Therefore, the parties consent and agree that each shall be entitled to specific
performance of the obligations of this Agreement.

                         VIII. MISCELLANEOUS PROVISIONS

8.1 Counterparts; Signature Pages. This Agreement may be executed and delivered
in multiple counterparts, each of which will be deemed an original, and all of
which together will constitute one and the same instrument. This Agreement may
be executed and delivered by facsimile and with separate signature pages with
the same effect as though all parties had executed and delivered the same
original signature page.

8.2 Entire Agreement. This Agreement constitutes the exclusive statement of the
agreement between the parties concerning the subject matter hereof, and
supersedes all other agreements, oral or written, between the parties concerning
such subject matter. All negotiations among the parties hereto are superseded by
this Agreement, and there are no representations, warranties, promises,
understandings or agreements, oral or written, in relation to the subject matter
hereof between the parties other than those expressly set forth herein.

8.3 Amendments; Waivers. No amendment or modification of this Agreement or any
provision hereof, including the provisions of this sentence, will be effective
or enforceable as against a party hereto unless made in a written instrument
which specifically references this Agreement and which is signed by the party
against whom enforcement of such amendment or modification is sought.

8.4 Binding Effect. This Agreement, when executed and delivered by both parties
hereto, will be binding upon and will inure to the benefit of each of the
parties and their respective successors, legal representatives and assigns.

8.5 Third Parties. No provision of this Agreement is intended or may be
construed to confer on any person, other than the parties hereto and their
respective successors and assigns, any rights hereunder.

8.6 Interpretation. In each place where it is used in this Agreement, the word
"including" is intended and shall be construed to mean "including but not
limited to". The section and paragraph headings in this Agreement are intended
only for convenience of reference and shall

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be disregarded in interpreting the provisions of this Agreement. Whenever the
context requires in this Agreement, the masculine gender includes the feminine
or neuter, the neuter gender includes the masculine or feminine, the singular
number includes the plural, and the plural number includes the singular.

8.7 Governing Law. This Agreement and the rights and obligations of the parties
hereunder will be governed by and construed in accordance with the laws of the
State of Michigan applicable to contracts made and to be performed entirely
within Michigan and without regard to the conflicts-of-laws provisions thereof.

                                             AGREED TO AND ACCEPTED BY:

                                             /s/ Dale S. Coenen
                                             ----------------------------------
                                             DALE S. COENEN

                                             AGREED TO AND ACCEPTED BY
                                             TRANS-INDUSTRIES, INC.

                                             BY: /s/ Richard Solon
                                                 ------------------------------
                                                  RICHARD SOLON
                                             Its Chief Operating Officer

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