Document:

WARRANT

     

    THE
      SECURITIES REPRESENTED BY THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
      SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE,
      SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
      OR
      APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL IN A FORM REASONABLY
      SATISFACTORY TO THE ISSUER THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT
      OR
      APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER
      SAID
      ACT. NOTWITHSTANDING THE FOREGOING, THIS WARRANT MAY BE PLEDGED IN CONNECTION
      WITH A BONA FIDE MARGIN ACCOUNT.

     

     

    TXP
      CORPORATION

     

    Warrant
      To Purchase Common Stock

     

    
      	Warrant No.: JVE-001	 	
              Number
                of Shares: 320,000

            
	 	 	 
	Date of Issuance: July 28, 2006	 	 

    

     

    TXP
      CORPORATION, a Nevada corporation (the “Company”),
      hereby certifies that, for good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, James
      Von Ehr, II
      (the
“Holder”),
      the
      registered holder hereof or his permitted assigns, is entitled, subject to
      the
      terms set forth below, to purchase from the Company upon surrender of this
      Warrant, at any time or times on or after the date hereof, but not after
      11:59 P.M. Eastern Time on the Expiration Date (as defined herein) Three
      Hundred Twenty Thousand (320,000) fully paid and nonassessable shares of Common
      Stock (as defined herein) of the Company (the “Warrant
      Shares”)
      at the
      exercise price per share provided in Section 1(b) below or as subsequently
      adjusted; provided, however, that in no event shall the holder be entitled
      to
      exercise this Warrant for a number of Warrant Shares in excess of that number
      of
      Warrant Shares which, upon giving effect to such exercise, would cause the
      aggregate number of shares of Common Stock beneficially owned by the holder
      and
      his affiliates to exceed 4.99% of the outstanding shares of the Common Stock
      following such exercise, except within sixty (60) days of the Expiration Date
      (however, such restriction may be waived by Holder (but only as to itself and
      not to any other holder) upon not less than 65 days prior notice to the
      Company). For purposes of the foregoing proviso, the aggregate number of shares
      of Common Stock beneficially owned by the Holder and his affiliates shall
      include the number of shares of Common Stock issuable upon exercise of this
      Warrant with respect to which the determination of such proviso is being made,
      but shall exclude shares of Common Stock which would be issuable upon
      (i) exercise of the remaining, unexercised Warrants beneficially owned by
      the Holder and his affiliates and (ii) exercise or conversion of the
      unexercised or unconverted portion of any other securities of the Company
      beneficially owned by the Holder and his affiliates (including, without
      limitation, any convertible notes or preferred stock) subject to a limitation
      on
      conversion or exercise analogous to the limitation contained herein. Except
      as
      set forth in the preceding sentence, for purposes of this paragraph, beneficial
      ownership shall be calculated in accordance with Section 13(d) of the Securities
      Exchange Act of 1934, as amended. For purposes of this Warrant, in determining
      the number of outstanding shares of Common Stock Holder may rely on the number
      of outstanding shares of Common Stock as reflected in (1) the Company’s most
      recent Form 10-QSB or Form 10-KSB, as the case may be, (2) a more recent public
      announcement by the Company or (3) any other notice by the Company or its
      transfer agent setting forth the number of shares of Common Stock outstanding.
      Upon the written request of Holder, the Company shall promptly, but in no event
      later than one (1) Business Day following the receipt of such notice, confirm
      in
      writing to Holder the number of shares of Common Stock then outstanding. In
      any
      case, the number of outstanding shares of Common Stock shall be determined
      after
      giving effect to the exercise of Warrants (as defined below) by Holder and
      his
      affiliates since the date as of which such number of outstanding shares of
      Common Stock was reported.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Section
      1.  

     

    (a)  This
      Warrant is the common stock purchase warrant (the “Warrant”)
      issued
      pursuant to a certain Agreement (“Agreement”)
      dated
      the date hereof between the Company and the Buyer.

     

    (b)  Definitions.
      The
      following words and terms as used in this Warrant shall have the following
      meanings:

     

    (i)  “Approved
      Stock Plan”
means
      any employee benefit plan which has been approved by the Board of Directors
      of
      the Company, pursuant to which the Company’s securities may be issued to any
      employee, officer, or director for services provided to the
      Company.

     

    (ii)  “Business
      Day”
means
      any day other than Saturday, Sunday or other day on which commercial banks
      in
      the City of New York are authorized or required by law to remain
      closed.

     

    (iii)  “Closing
      Bid Price”
means
      the closing bid price of Common Stock as quoted on the Principal Market (as
      reported by Bloomberg Financial Markets (“Bloomberg”)
      through its “Volume at Price” function).

     

    (iv)  “Common
      Stock”
means
      (i) the Company’s common stock, par value $0.001 per share, and
      (ii) any capital stock into which such Common Stock shall have been changed
      or any capital stock resulting from a reclassification of such Common
      Stock.

     

    (v)  “Expiration
      Date”
means
      the date five (5) years from the Issuance Date of this Warrant or, if such
      date
      falls on a Saturday, Sunday or other day on which banks are required or
      authorized to be closed in the City of New York or the State of New York or
      on
      which trading does not take place on the Principal Exchange or automated
      quotation system on which the Common Stock is traded (a “Holiday”),
      the
      next date that is not a Holiday.

     

    (vi)  “Issuance
      Date”
means
      the date hereof.

     

    
      
         

      

      
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    (vii)  “Options”
means
      any rights, warrants or options to subscribe for or purchase Common Stock or
      Convertible Securities. 

     

    (viii)  “Other
      Securities”
means
      (i) those options and warrants of the Company issued prior to, and
      outstanding on, the Issuance Date of this Warrant, (ii) the shares of Common
      Stock issuable on exercise of such options and warrants, provided such options
      and warrants are not amended after the Issuance Date of this Warrant and
      (iii) the shares of Common Stock issuable upon exercise of this Warrant.

     

    (ix)  “Person”
means
      an individual, a limited liability company, a partnership, a joint venture,
      a
      corporation, a trust, an unincorporated organization and a government or any
      department or agency thereof.

     

    (x)  “Principal
      Market”
means
      the New York Stock Exchange, the American Stock Exchange, the Nasdaq National
      Market, the Nasdaq SmallCap Market, whichever is at the time the principal
      trading exchange or market for such security, or the over-the-counter market
      on
      the electronic bulletin board for such security as reported by Bloomberg or,
      if
      no bid or sale information is reported for such security by Bloomberg, then
      the
      average of the bid prices of each of the market makers for such security as
      reported in the “pink sheets” by the National Quotation Bureau,
      Inc.

     

    (xi)  “Securities
      Act”
means
      the Securities Act of 1933, as amended. 

     

    (xii)  “Warrant”
means
      this Warrant and all Warrants issued in exchange, transfer or replacement
      thereof. 

     

    (xiii)  “Warrant
      Exercise Price”
shall
      be $0.50 or as subsequently adjusted as provided in Section 8 hereof.

     

    (xiv)  “Warrant
      Shares”
means
      the shares of Common Stock issuable at any time upon exercise of this Warrant.
      

     

    (c)  Other
      Definitional Provisions. 

     

    (i)  Except
      as
      otherwise specified herein, all references herein (A) to the Company shall
      be deemed to include the Company’s successors and (B) to any applicable law
      defined or referred to herein shall be deemed references to such applicable
      law
      as the same may have been or may be amended or supplemented from time to time.
      

     

    (ii)  When
      used
      in this Warrant, the words “herein”,
      “hereof”,
      and
“hereunder”
      and
      words of similar import, shall refer to this Warrant as a whole and not to
      any
      provision of this Warrant, and the words “Section”,
      “Schedule”,
      and
“Exhibit”
shall
      refer to Sections of, and Schedules and Exhibits to, this Warrant unless
      otherwise specified. 

     

    (iii)  Whenever
      the context so requires, the neuter gender includes the masculine or feminine,
      and the singular number includes the plural, and vice versa. 

     

    
      
         

      

      
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    Section
      2.  Exercise
      of Warrant.
      

     

    Subject
      to the terms and conditions hereof, this Warrant may be exercised by the holder
      hereof then registered on the books of the Company, pro rata as hereinafter
      provided, at any time on any Business Day on or after the opening of business
      on
      such Business Day, commencing with the first day after the date hereof, and
      prior to 11:59 P.M. Eastern Time on the Expiration Date (i) by delivery of
      a written notice, in the form of the subscription notice attached as
Exhibit
      A
      hereto
      (the “Exercise
      Notice”),
      of
      such holder’s election to exercise this Warrant, which notice shall specify the
      number of Warrant Shares to be purchased, payment to the Company of an
      amount equal to the Warrant Exercise Price(s) applicable to the Warrant Shares
      being purchased, multiplied by the number of Warrant Shares (at the
      applicable Warrant Exercise Price) as to which this Warrant is being
      exercised (plus any applicable issue or transfer taxes) (the “Aggregate
      Exercise Price”)
      in
      cash or wire transfer of immediately available funds and the surrender of this
      Warrant (or an indemnification undertaking with respect to this Warrant in
      the
      case of its loss, theft or destruction) to a common carrier for overnight
      delivery to the Company as soon as practicable following such date. In lieu
      of
      exercising this Warrant for cash as specified in the preceding sentence, Holder
      may from time to time convert this Warrant, in whole or in part, as a “cashless
      exercise” into a number of Warrant Shares determined by dividing (a) the
      aggregate fair market value of the Warrant Shares or other securities otherwise
      issuable upon exercise of this Warrant minus the aggregate Warrant Exercise
      Price of such Warrant Shares by (b) the fair market value of one Warrant
      Share. 

    

    In
      the
      event of any exercise of the rights represented by this Warrant in compliance
      with this Section 2, the Company shall on or before the fifth (5th)
      Business Day following the date of receipt of the Exercise Notice, the Aggregate
      Exercise Price and this Warrant (or an indemnification undertaking with respect
      to this Warrant in the case of its loss, theft or destruction) and the receipt
      of the representations of the holder specified in Section 6 hereof, if requested
      by the Company (the “Exercise
      Delivery Documents”),
      and
      if the Common Stock is DTC eligible, credit such aggregate number of shares
      of
      Common Stock to which the holder shall be entitled to the holder’s or his
      designee’s balance account with The Depository Trust Company; provided, however,
      if the holder who submitted the Exercise Notice requested physical delivery
      of
      any or all of the Warrant Shares, or, if the Common Stock is not DTC eligible
      then the Company shall, on or before the fifth (5th)
      Business Day following receipt of the Exercise Delivery Documents, issue and
      surrender to a common carrier for overnight delivery to the address specified
      in
      the Exercise Notice, a certificate, registered in the name of the holder, for
      the number of shares of Common Stock to which the holder shall be entitled
      pursuant to such request. Upon delivery of the Exercise Notice and Aggregate
      Exercise Price referred to above the holder of this Warrant shall be deemed
      for
      all corporate purposes to have become the holder of record of the Warrant Shares
      with respect to which this Warrant has been exercised. In the case of a dispute
      as to the determination of the Warrant Exercise Price, the Closing Bid Price,
      the Company shall promptly issue to the holder the number of Warrant Shares
      that
      is not disputed and shall submit the disputed determinations or arithmetic
      calculations to the holder via facsimile within one (1) Business Day of receipt
      of the holder’s Exercise Notice. 

     

    (a)  If
      the
      holder and the Company are unable to agree upon the determination of the Warrant
      Exercise Price within one (1) day of such disputed determination being submitted
      to the holder, then the Company shall immediately submit via facsimile the
      disputed determination of the Warrant Exercise Price or the Closing Bid Price
      to
      an independent, reputable investment banking firm. The Company shall cause
      the
      investment banking firm or the accountant, as the case may be, to perform the
      determinations and notify the Company and the holder of the results no later
      than forty-eight (48) hours from the time it receives the disputed
      determinations. Such investment banking firm’s or accountant’s determination or
      calculation, as the case may be, shall be deemed conclusive absent manifest
      error.

     

    
      
         

      

      
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    (b)  Unless
      the rights represented by this Warrant shall have expired or shall have been
      fully exercised, the Company shall, as soon as practicable and in no event
      later
      than five (5) Business Days after any exercise and at its own expense, issue
      a
      new Warrant identical in all respects to this Warrant exercised except it shall
      represent rights to purchase the number of Warrant Shares purchasable
      immediately prior to such exercise under this Warrant exercised, less the number
      of Warrant Shares with respect to which such Warrant is exercised.

     

    (c)  No
      fractional Warrant Shares are to be issued upon any pro rata exercise of this
      Warrant, but rather the number of Warrant Shares issued upon such exercise
      of
      this Warrant shall be rounded up or down to the nearest whole
      number.

     

    Section
      3.  Covenants
      as to Common Stock.
      The
      Company hereby covenants and agrees as follows:

     

    (a)  This
      Warrant is, and any Warrants issued in substitution for or replacement of this
      Warrant will upon issuance be, duly authorized and validly issued.

     

    (b)  All
      Warrant Shares which may be issued upon the exercise of the rights represented
      by this Warrant will, upon issuance, be validly issued, fully paid and
      nonassessable and free from all taxes, liens and charges with respect to the
      issue thereof.

     

    (c)  During
      the period within which the rights represented by this Warrant may be exercised,
      the Company will at all times have authorized and reserved at least one hundred
      percent (100%) of the number of shares of Common Stock needed to provide for
      the
      exercise of the rights then represented by this Warrant and the par value of
      said shares will at all times be less than or equal to the applicable Warrant
      Exercise Price. 

     

    (d)  If
      at any
      time after the date hereof the Company shall file a registration statement,
      the
      Company shall include the Warrant Shares issuable to the holder, pursuant to
      the
      terms of this Warrant and shall maintain, so long as any other shares of Common
      Stock shall be so listed, such listing of all Warrant Shares from time to time
      issuable upon the exercise of this Warrant; and the Company shall so list on
      each national securities exchange or automated quotation system, as the case
      may
      be, and shall maintain such listing of, any other shares of capital stock of
      the
      Company issuable upon the exercise of this Warrant if and so long as any shares
      of the same class shall be listed on such national securities exchange or
      automated quotation system.

     

    (e)  The
      Company will not, by amendment of its Articles of Incorporation or through
      any
      reorganization, transfer of assets, consolidation, merger, dissolution, issue
      or
      sale of securities, or any other voluntary action, avoid or seek to avoid the
      observance or performance of any of the terms to be observed or performed by
      it
      hereunder, but will at all times in good faith assist in the carrying out of
      all
      the provisions of this Warrant and in the taking of all such action as may
      reasonably be requested by the holder of this Warrant in order to protect the
      exercise privilege of the holder of this Warrant against dilution or other
      impairment, consistent with the tenor and purpose of this Warrant. The Company
      will not increase the par value of any shares of Common Stock receivable upon
      the exercise of this Warrant above the Warrant Exercise Price then in effect,
      and (ii) will take all such actions as may be necessary or appropriate in
      order that the Company may validly and legally issue fully paid and
      nonassessable shares of Common Stock upon the exercise of this
      Warrant.

     

    
      
         

      

      
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    (f)  This
      Warrant will be binding upon any entity succeeding to the Company by merger,
      consolidation or acquisition of all or substantially all of the Company’s
      assets.

     

    Section
      4.  Taxes.
      The
      Company shall pay any and all taxes, except any applicable withholding, which
      may be payable with respect to the issuance and delivery of Warrant Shares
      upon
      exercise of this Warrant.

     

    Section
      5.  Warrant
      Holder Not Deemed a Stockholder.
      Except
      as otherwise specifically provided herein, no holder, as such, of this Warrant
      shall be entitled to vote or receive dividends or be deemed the holder of shares
      of capital stock of the Company for any purpose, nor shall anything contained
      in
      this Warrant be construed to confer upon the holder hereof, as such, any of
      the
      rights of a stockholder of the Company or any right to vote, give or withhold
      consent to any corporate action (whether any reorganization, issue of stock,
      reclassification of stock, consolidation, merger, conveyance or otherwise),
      receive notice of meetings, receive dividends or subscription rights, or
      otherwise, prior to the issuance to the holder of this Warrant of the Warrant
      Shares which he or she is then entitled to receive upon the due exercise of
      this
      Warrant. In addition, nothing contained in this Warrant shall be construed
      as
      imposing any liabilities on such holder to purchase any securities (upon
      exercise of this Warrant or otherwise) or as a stockholder of the Company,
      whether such liabilities are asserted by the Company or by creditors of the
      Company. Notwithstanding this Section 5, the Company will provide the holder
      of
      this Warrant with copies of the same notices and other information given to
      the
      stockholders of the Company generally, contemporaneously with the giving thereof
      to the stockholders.

     

    Section
      6.  Representations
      of Holder.
      The
      holder of this Warrant, by the acceptance hereof, represents that it is
      acquiring this Warrant and the Warrant Shares for his own account for investment
      only and not with a view towards, or for resale in connection with, the public
      sale or distribution of this Warrant or the Warrant Shares, except pursuant
      to
      sales registered or exempted under the Securities Act; provided, however, that
      by making the representations herein, the holder does not agree to hold this
      Warrant or any of the Warrant Shares for any minimum or other specific term
      and
      reserves the right to dispose of this Warrant and the Warrant Shares at any
      time
      in accordance with or pursuant to a registration statement or an exemption
      under
      the Securities Act. The holder of this Warrant further represents, by acceptance
      hereof, that, as of this date, such holder is an “accredited investor” as such
      term is defined in Rule 501(a)(1) of Regulation D promulgated by the
      Securities and Exchange Commission under the Securities Act (an “Accredited
      Investor”).
      Upon
      exercise of this Warrant the holder shall, if requested by the Company, confirm
      in writing, in a form satisfactory to the Company, that the Warrant Shares
      so
      purchased are being acquired solely for the holder’s own account and not as a
      nominee for any other party, for investment, and not with a view toward
      distribution or resale and that such holder is an Accredited Investor. If such
      holder cannot make such representations because they would be factually
      incorrect, it shall be a condition to such holder’s exercise of this Warrant
      that the Company receive such other representations as the Company considers
      reasonably necessary to assure the Company that the issuance of its securities
      upon exercise of this Warrant shall not violate any United States or state
      securities laws.

     

    
      
         

      

      
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    Section
      7.  Ownership
      and Transfer.

     

    (a)  The
      Company shall maintain at its principal executive offices (or such other office
      or agency of the Company as it may designate by notice to the holder hereof),
      a
      register for this Warrant, in which the Company shall record the name and
      address of the person in whose name this Warrant has been issued, as well as
      the
      name and address of each transferee. The Company may treat the person in whose
      name any Warrant is registered on the register as the owner and holder thereof
      for all purposes, notwithstanding any notice to the contrary, but in all events
      recognizing any transfers made in accordance with the terms of this
      Warrant.

     

    Section
      8.  Adjustment
      of Warrant Exercise Price and Number of Shares.
      The
      Warrant Exercise Price and the number of shares of Common Stock issuable upon
      exercise of this Warrant shall be adjusted from time to time as
      follows:

     

    (a)  Adjustment
      of Warrant Exercise Price upon Subdivision or Combination of Common
      Stock.
      If the
      Company at any time after the date of issuance of this Warrant subdivides (by
      any stock split, stock dividend, recapitalization or otherwise) one or more
      classes of its outstanding shares of Common Stock into a greater number of
      shares, any Warrant Exercise Price in effect immediately prior to such
      subdivision will be proportionately reduced and the number of shares of Common
      Stock obtainable upon exercise of this Warrant will be proportionately
      increased. If the Company at any time after the date of issuance of this Warrant
      combines (by combination, reverse stock split or otherwise) one or more classes
      of its outstanding shares of Common Stock into a smaller number of shares,
      any
      Warrant Exercise Price in effect immediately prior to such combination will
      be
      proportionately increased and the number of Warrant Shares issuable upon
      exercise of this Warrant will be proportionately decreased. Any adjustment
      under
      this Section 8(a) shall become effective at the close of business on the
      date the subdivision or combination becomes effective.

     

    (b)  Distribution
      of Assets.
      If the
      Company shall declare or make any dividend or other distribution of its assets
      (or rights to acquire its assets) to holders of Common Stock, by way of return
      of capital or otherwise (including, without limitation, any distribution of
      cash, stock or other securities, property or options by way of a dividend,
      spin
      off, reclassification, corporate rearrangement or other similar transaction)
      (a
“Distribution”),
      at
      any time after the issuance of this Warrant, then, in each such
      case:

     

    (i)  any
      Warrant Exercise Price in effect immediately prior to the close of business
      on
      the record date fixed for the determination of holders of Common Stock
      entitled to
      receive the Distribution shall be reduced, effective as of the close of business
      on such record date, to a price determined by multiplying such Warrant Exercise
      Price by a fraction of which (A) the numerator shall be the Closing Sale Price
      of the Common Stock on the trading day immediately preceding such record date
      minus the value of the Distribution (as determined in good faith by the
      Company’s Board of Directors) applicable to one share of Common Stock, and (B)
      the denominator shall be the Closing Sale Price of the Common Stock on the
      trading day immediately preceding such record date; and

     

    
      
         

      

      
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    (ii)  either
      (A) the number of Warrant Shares obtainable upon exercise of this Warrant shall
      be increased to a number of shares equal to the number of shares of Common
      Stock
      obtainable immediately prior to the close of business on the record date fixed
      for the determination of holders of Common Stock entitled to receive the
      Distribution multiplied by the reciprocal of the fraction set forth in the
      immediately preceding clause (i), or (B) in the event that the Distribution
      is
      of common stock of a company whose common stock is traded on a national
      securities exchange or a national automated quotation system, then the holder
      of
      this Warrant shall receive an additional warrant to purchase Common Stock,
      the
      terms of which shall be identical to those of this Warrant, except that such
      warrant shall be exercisable into the amount of the assets that would have
      been
      payable to the holder of this Warrant pursuant to the Distribution had the
      holder exercised this Warrant immediately prior to such record date and with
      an
      exercise price equal to the amount by which the exercise price of this Warrant
      was decreased with respect to the Distribution pursuant to the terms of the
      immediately preceding clause (i).

     

    (c)  Certain
      Events.
      If any
      event occurs of the type contemplated by the provisions of this Section 8
      but not expressly provided for by such provisions (including, without
      limitation, the granting of stock appreciation rights, phantom stock rights
      or
      other rights with equity features), then the Company’s Board of Directors will
      make an appropriate adjustment in the Warrant Exercise Price and the number
      of
      shares of Common Stock obtainable upon exercise of this Warrant so as to protect
      the rights of the holders of the Warrants; provided, except as set forth in
      section 8(d),that no such adjustment pursuant to this Section 8(f) will increase
      the Warrant Exercise Price or decrease the number of shares of Common Stock
      obtainable as otherwise determined pursuant to this Section 8.

     

    (d)  Notices.

     

    (i)  Immediately
      upon any adjustment of the Warrant Exercise Price, the Company will give written
      notice thereof to the holder of this Warrant, setting forth in reasonable
      detail, and certifying, the calculation of such adjustment.

     

    (ii)  The
      Company will give written notice to the holder of this Warrant at least ten
      (10)
      days prior to the date on which the Company closes its books or takes a record
      (A) with respect to any dividend or distribution upon the Common Stock,
      (B) with respect to any pro rata subscription offer to holders of Common
      Stock or (C) for determining rights to vote with respect to any Organic
      Change (as defined below), dissolution or liquidation, provided that such
      information shall be made known to the public prior to or in conjunction with
      such notice being provided to such holder.

     

    (iii)  The
      Company will also give written notice to the holder of this Warrant at least
      ten
      (10) days prior to the date on which any change, dissolution or liquidation
      will
      take place, provided that such information shall be made known to the public
      prior to or in conjunction with such notice being provided to such
      holder.

     

    
      
         

      

      
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    Section
      9.  Purchase
      Rights; Reorganization, Reclassification, Consolidation, Merger or
      Sale.

     

    (a)  If
      at any
      time the Company grants, issues or sells any Options, Convertible Securities
      or
      rights to purchase stock, warrants, securities or other property pro rata to
      the
      record holders of any class of Common Stock (the “Purchase
      Rights”),
      then
      the holder of this Warrant will be entitled to acquire, upon the terms
      applicable to such Purchase Rights, the aggregate Purchase Rights which such
      holder could have acquired if such holder had held the number of shares of
      Common Stock acquirable upon complete exercise of this Warrant immediately
      before the date on which a record is taken for the grant, issuance or sale
      of
      such Purchase Rights, or, if no such record is taken, the date as of which
      the
      record holders of Common Stock are to be determined for the grant, issue or
      sale
      of such Purchase Rights.

     

    (b)  Any
      recapitalization, reorganization, reclassification, consolidation, merger,
      sale
      of all or substantially all of the Company’s assets to another Person or other
      transaction in each case which is effected in such a way that holders of Common
      Stock are entitled to receive (either directly or upon subsequent liquidation)
      stock, securities or assets with respect to or in exchange for Common Stock
      is
      referred to herein as an “Organic
      Change.”
Prior
      to the consummation of any (i) sale of all or substantially all of the Company’s
      assets to an acquiring Person or (ii) other Organic Change following which
      the
      Company is not a surviving entity, the Company will secure from the Person
      purchasing such assets or the successor resulting from such Organic Change
      (in
      each case, the “Acquiring
      Entity”)
      a
      written agreement (in form and substance satisfactory to the Holders) to deliver
      to Holder in exchange for the Warrants, a security of the Acquiring Entity
      evidenced by a written instrument substantially similar in form and substance
      to
      this Warrant and satisfactory to the Holder (including an adjusted warrant
      exercise price equal to the value for the Common Stock reflected by the terms
      of
      such consolidation, merger or sale, and exercisable for a corresponding number
      of shares of Common Stock acquirable and receivable upon exercise of the
      Warrants without regard to any limitations on exercise, if the value so
      reflected is less than any applicable Warrant Exercise Price immediately prior
      to such consolidation, merger or sale). Prior to the consummation of any other
      Organic Change, the Company shall make appropriate provision (in form and
      substance satisfactory to the Holder) to insure that the Holder will thereafter
      have the right to acquire and receive in lieu of or in addition to (as the
      case
      may be) the Warrant Shares immediately theretofore issuable and receivable
      upon
      the exercise of Holder’s Warrants (without regard to any limitations on
      exercise), such shares of stock, securities or assets that would have been
      issued or payable in such Organic Change with respect to or in exchange for
      the
      number of Warrant Shares which would have been issuable and receivable upon
      the
      exercise of Holder’s Warrant as of the date of such Organic Change (without
      taking into account any limitations or restrictions on the exercisability of
      this Warrant).

     

    Section
      10.  Lost,
      Stolen, Mutilated or Destroyed Warrant.
      If this
      Warrant is lost, stolen, mutilated or destroyed, the Company shall promptly,
      on
      receipt of an indemnification undertaking (or, in the case of a mutilated
      Warrant, the Warrant), issue a new Warrant of like denomination and tenor as
      this Warrant so lost, stolen, mutilated or destroyed.

     

    Section
      11.  Notice.
      Any
      notices, consents, waivers or other communications required or permitted to
      be
      given under the terms of this Warrant must be in writing and will be deemed
      to
      have been delivered: (i) upon receipt, when delivered personally;
      (ii) upon receipt, when sent by facsimile (provided confirmation of receipt
      is received by the sending party transmission is mechanically or electronically
      generated and kept on file by the sending party); or (iii) one Business Day
      after deposit with a nationally recognized overnight delivery service, in each
      case properly addressed to the party to receive the same. The addresses and
      facsimile numbers for such communications shall be:

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    
      	
              If
                to Holder:

            	 	
              James
                Von Ehr, II

            
	 	 	 
	 	 	 
	 	 	
              Telephone: 

            
	 	 	
              Facsimile: 

            
	 	 	 
	 	 	 
	
              If
                to the Company, to:

            	 	
              TXP
                Corporation

            
	 	 	
              1299
                Commerce Drive

            
	 	 	
              Richardson,
                TX 75081

            
	 	 	
              Attention: Michael
                Shores

            
	 	 	
              Telephone: (214)
                575-9300

            
	 	 	
              Facsimile: (214)
                575-9314

            
	 	 	 
	
              With
                a copy to:

            	 	
              Sichenzia
                Ross Friedman Ference LLP

            
	 	 	
              1065
                Avenue of the Americas

            
	 	 	
              New
                York, NY 10018

            
	 	 	
              Attention: Gregory
                Sichenzia, Esq.

            
	 	 	
              Telephone: (212)
                930-9700

            
	 	 	
              Facsimile: (212)
                930-9725

            

    

    

    If
      to a
      holder of this Warrant, to it at the address and facsimile number set forth
      on
Exhibit C
      hereto,
      with copies to such holder’s representatives as set forth on Exhibit C,
      or at
      such other address and facsimile as shall be delivered to the Company upon
      the
      issuance or transfer of this Warrant. Each party shall provide five days’ prior
      written notice to the other party of any change in address or facsimile number.
      Written confirmation of receipt (A) given by the recipient of such notice,
      consent, facsimile, waiver or other communication, (or (B) provided by a
      nationally recognized overnight delivery service shall be rebuttable evidence
      of
      personal service, receipt by facsimile or receipt from a nationally recognized
      overnight delivery service in accordance with clause (i), (ii) or (iii) above,
      respectively.

     

    Section
      12.  Date.
      The
      date of this Warrant is set forth on page 1 hereof. This Warrant, in all
      events, shall be wholly void and of no effect after the close of business on
      the
      Expiration Date, except that notwithstanding any other provisions hereof, the
      provisions of Section 8(b) shall continue in full force and effect after
      such date as to any Warrant Shares or other securities issued upon the exercise
      of this Warrant.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    Section
      13.  Amendment
      and Waiver.
      Except
      as otherwise provided herein, the provisions of the Warrants may be amended
      and
      the Company may take any action herein prohibited, or omit to perform any act
      herein required to be performed by it, only if the Company has obtained the
      written consent of the Holders.

     

    Section
      14.  Descriptive
      Headings; Governing Law.
      The
      descriptive headings of the several sections and paragraphs of this Warrant
      are
      inserted for convenience only and do not constitute a part of this Warrant.
      The
      corporate laws of the State of Nevada shall govern all issues concerning the
      relative rights of the Company and its stockholders. All other questions
      concerning the construction, validity, enforcement and interpretation of this
      Agreement shall be governed by the internal laws of the State of Texas, without
      giving effect to any choice of law or conflict of law provision or rule (whether
      of the State of Texas or any other jurisdictions) that would cause the
      application of the laws of any jurisdictions other than the State of Texas.
      Each
      party hereby irrevocably submits to the exclusive jurisdiction of the state
      and
      federal courts sitting in Dallas County, Texas, for the adjudication of any
      dispute hereunder or in connection herewith or therewith, or with any
      transaction contemplated hereby or discussed herein, and hereby irrevocably
      waives, and agrees not to assert in any suit, action or proceeding, any claim
      that it is not personally subject to the jurisdiction of any such court, that
      such suit, action or proceeding is brought in an inconvenient forum or that
      the
      venue of such suit, action or proceeding is improper. Each party hereby
      irrevocably waives personal service of process and consents to process being
      served in any such suit, action or proceeding by mailing a copy thereof to
      such
      party at the address for such notices to it under this Agreement and agrees
      that
      such service shall constitute good and sufficient service of process and notice
      thereof. Nothing contained herein shall be deemed to limit in any way any right
      to serve process in any manner permitted by law. 

     

    Section
      15.  Waiver
      of Jury Trial.
      AS
      A MATERIAL INDUCEMENT FOR EACH PARTY HERETO TO ENTER INTO THIS WARRANT, THE
      PARTIES HERETO HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
      RELATED IN ANY WAY TO THIS WARRANT AND/OR ANY AND ALL OF THE OTHER DOCUMENTS
      ASSOCIATED WITH THIS TRANSACTION.

     

    

    Section
      16. Automatic
      Conversion upon Expiration.
      In the
      event that, upon the Expiration Date, the fair market value of one share of
      Common Stock (or other security issuable upon the exercise hereof) is greater
      than the Warrant Exercise Price in effect on the Expiration Date, then this
      Warrant shall automatically be deemed on and as of the Business Day immediately
      prior to the Expiration Date to be exercised pursuant to the “cashless” exercise
      provision of Section 2 hereof as to all Warrant Shares (or such other
      securities) for which it shall not previously have been exercised or converted,
      and the Company shall promptly deliver a certificate representing the Warrant
      Shares Stock (or such other securities) issued upon such conversion to the
      Holder.

    

    REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK

     

    
 

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF,
      the
      Company has caused this Warrant to be signed as of the date first set forth
      above.

     

    
      	 	 	
              TXP
                CORPORATION

            
	 	 	 
	 	By:	
              /s/
                Michael Shores    

            
	 	 	
              
                

              

              Name: Michael
                Shores

            
	 	 	
              Title: CEO

            

    

     

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A TO WARRANT

     

    EXERCISE
      NOTICE

     

    TO
      BE EXECUTED 

    BY
      THE REGISTERED HOLDER TO EXERCISE THIS WARRANT

     

    TXP
      CORPORATION

     

     

    The
      undersigned holder hereby exercises the right to purchase ______________ of
      the
      shares of Common Stock (“Warrant
      Shares”)
      of TXP
      CORPORATION (the “Company”),
      evidenced by the attached Warrant (the “Warrant”).
      Capitalized terms used herein and not otherwise defined shall have the
      respective meanings set forth in the Warrant.

     

    Specify
      Method of exercise by check mark:

     

    1.
      ___      Cash
      Exercise

     

    (a)
      Payment
      of Warrant Exercise Price.
      The
      holder shall pay the Aggregate Exercise Price of $______________ to the Company
      in accordance with the terms of the Warrant. 

     

    (b)
      Delivery
      of Warrant Shares.
      The
      Company shall deliver to the holder _________
      Warrant
      Shares in accordance with the terms of the Warrant. 

     

    

    Date:
      _______________ __, ______

    

    Name
      of
      Registered Holder

    

    
      
        	By:	 	 	 
	Name:	 	 	 
	Title:	 	 	 

      
    

         

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

         

    EXHIBIT
      B TO WARRANT

     

    FORM
      OF WARRANT POWER

     

    FOR
      VALUE RECEIVED,
      the
      undersigned does hereby assign and transfer to ________________, Federal
      Identification No. __________, a warrant to purchase ____________ shares of
      the capital stock of TXP CORPORATION represented by warrant certificate
      no. _____, standing in the name of the undersigned on the books of said
      corporation. The undersigned does hereby irrevocably constitute and appoint
      ______________, attorney to transfer the warrants of said corporation, with
      full
      power of substitution in the premises.

     

     

    
      	Dated:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	By:	
            	 
	 	 	 	 	Name:	 	 
	 	 	 	 	Title:	 	 

    

     

     

    

    

    
      
         

      

      
        14ASSET
        PURCHASE AGREEMENT

       

      AGREEMENT,
        dated as of July 28, 2006 among Richard Smitten, a resident of Florida
        ("Purchaser"), and TXP Corporation, a Nevada corporation with offices at
        1299
        Commerce Drive, Richardson, TX 75082 (the "Seller").

      

      RECITALS

       

      A.
         Seller
        is
        the owner of certain assets meaning the business and related software as
        well as
        the book-rights to three Livermore related books relating to a teaching and
        a
        computer training program designed to provide educational/instructional
        assistance and aid to those stock market traders who wish to learn how to
        trade
        in the stock market using a system previously developed by an early
        20th
        century
        stock market trader, Jesse Livermore, hereafter referred to as the “Livermore
        Assets.”

      

      B. Purchaser
        desire to acquire the Livermore Assets from Seller. 

      

      C.
        Seller
        desires to sell the Livermore Assets to Purchaser. 

      

      D. It
        is
        intended that the sale of the Livermore Assets shall qualify for United States
        federal income tax purposes as a tax free transfer of property within the
        meaning of Section 351 of the Internal Revenue Code of 1986, as amended (the
        “Code”).

       

      NOW,
        THEREFORE,
        in
        consideration of the mutual representations, warranties, covenants and
        agreements herein set forth, the parties hereto hereby agree as
        follows:

      

      1.
        Sale of Assets.
        Subject
        to the terms and conditions of this Agreement, at the closing under this
        Agreement (the "Closing"), Seller shall sell, convey, assign, transfer and
        deliver to Purchaser, and Purchaser shall purchase, acquire and accept from
        Seller all right, title, and interest in and to the Livermore
        Assets.

      

      It
        is
        expressly understood that Purchaser shall not assume, pay or be liable for
        any
        liability or obligation of Seller of any kind or nature at any time existing
        or
        asserted, whether, known, unknown, fixed, contingent or otherwise, not
        specifically assumed herein by Purchaser.

      

      2.
        Purchase Consideration.
        In
        consideration of the purchase and sale of the Livermore Assets, Purchaser
        agrees
        to forgive the repayment of that certain debt which Seller owes to Purchaser
        in
        the aggregate amount of THREE HUNDRED TWENTY NINE THOUSAND TWO HUNDRED AND
        SEVENTY-TWO DOLLARS ($329,272.00)
        at
        the Closing and any other debt or amounts owed to Purchaser by Seller (the
        “Purchase
        Consideration”).
        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      3.
        Closing. 

      

      3.1
         Place
        and Time.
        The
        Closing shall take place at the offices of Sichenzia Ross Friedman Ference
        LLP,
        1065 Avenue of the Americas, 21st Floor, New York, New York 10018, on July
        28,
        2006, or at such other time or place as Purchaser and Seller may mutually
        agree
        as may be evidenced by their effecting the Closing (the "Closing Date").
        

      

      3.2
         Deliveries
        by Seller.
        At the
        Closing, Seller shall deliver the following to the Purchaser:

      

      (a) All
        of
        the tangible Assets including without limitation all books and records related
        thereto and/or the rights to take possession thereof. 

      

      (b) Such
        deeds, bills of sale, assignments and other instruments of conveyance and
        transfer, and such powers of attorney, as shall be effective to vest in
        Purchaser title to or other interest in, and the right to full custody and
        control of, the Livermore Assets, free and clear of all liens, charges,
        encumbrances and security interests whatsoever including, but not limited
        to,
        the Bill of Sale form annexed hereto as Exhibit
        3.2(b).

      

      (c) All
        other
        documents, certificates, instruments or writings reasonably required by
        Purchaser to be delivered by Seller at or prior to the Closing pursuant to
        this
        Agreement.

      

      3.3
         Deliveries
        by Purchaser.
        At the
        Closing, Purchaser shall deliver the following to the Seller:

       

      (a)
         the
        Purchase Consideration in the form of an agreement by the Purchaser hereunder
        to
        release, acquit and forever discharge the Company and each, every and all
        of its
        current and past officers, directors, shareholders, affiliated corporations,
        subsidiaries, agents, employees, representatives, attorneys, predecessors,
        successors and assigns (the “Released Parties”), of and from any and all claims,
        damages, causes of action, suits and costs, of whatever nature, character
        or
        description with respect to liquidated damages which are due and unpaid,
        or
        which may accrue in the future, pursuant to any known or unknown debts or
        obligations which the Purchaser may claim is owed to him by the Company or
        any
        of its Released Parties, whether known or unknown, anticipated or unanticipated,
        which the Purchaser may now have or may hereafter have or claim to have against
        the Released Parties related to the Livermore Assets and the Purchase
        Consideration.

      

      3.4 Proceedings.
        All
        proceedings which shall be taken and all documents which shall be executed
        and
        delivered by the parties on the Closing Date shall be deemed to have been
        taken
        and executed simultaneously, and no proceeding shall be deemed taken nor
        any
        documents executed or delivered until all have been taken, executed and
        delivered.

      

      3.5 Conditions
        to Purchaser' Obligations.
        The
        obligations of Purchaser to effect the Closing shall be subject to the
        satisfaction at or prior to the Closing of the following conditions, any
        one or
        more of which may be waived by Purchaser:

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (a) There
        shall not be in effect any injunction, order or decree of a court of competent
        jurisdiction that prohibits or delays consummation of any or all of the
        transactions contemplated in this Agreement nor shall any proceeding seeking
        any
        of the foregoing have been commenced.

      

      (b) The
        representations and warranties of Seller set forth in this Agreement shall
        be
        true and correct in all material respects as of the date of this Agreement
        and
        as of the Closing Date as though made at such time.

      

      (c) Seller
        shall have performed and complied in all material respects with the agreements
        contained in this Agreement required to be performed and complied with by
        it
        prior to or at the Closing.

      

      3.6 Conditions
        to Seller's Obligations.
        The
        obligations of Seller to effect the Closing shall be subject to the satisfaction
        at or prior to the Closing of the following conditions, any one or more of
        which
        may be waived by Seller:

      

      (a) There
        shall not be in effect any injunction, order or decree of a court of competent
        jurisdiction that prohibits or delays the consummation of any or all of the
        transactions contemplated herein nor shall any proceeding seeking any of
        the
        foregoing have been commenced.

      

      (b) The
        representations and warranties of the Purchaser set forth in this Agreement
        shall be true and correct in all material respects as of the date of this
        Agreement and as of the Closing Date as though made at such time.

      

      (c) The
        Purchaser shall have performed and complied in all material respects with
        the
        agreements contained in this Agreement required to be performed and complied
        with by it prior to or at the Closing.

      

      4.
        Representations and Warranties of Seller.
        Seller
        hereby represents and warrants to Purchaser as follows:

       

      	4.1  	
              No
                Conflicts.
                

            

       

      (a) Seller
        has the right, power, authority and capacity to execute and deliver this
        Agreement and to perform its obligations under this Agreement.

      

      (b) Neither
        the execution, delivery or performance of this Agreement by Seller nor the
        consummation by Seller of the transactions contemplated hereby will, directly
        or
        indirectly (with or without notice or lapse of time or both):

      

      (i)
         contravene,
        conflict with or result in a violation or breach of (A) any legal requirement
        or
        any governmental order to which Seller or any of the properties or assets
        owned
        or used by Seller may be subject, or (B) any authorization, license or permit
        of
        any governmental authority, including any private investigatory license or
        other
        similar license, which is held by Seller or that otherwise relates to the
        business of, or any of the Livermore Assets owned or used by Seller;

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (ii)
         result
        in
        a violation or breach of or constitute a default, give rise to a right of
        termination, cancellation or acceleration, create any entitlement to any
        payment
        or benefit or require the consent or approval of or any notice to or filing
        with
        any third party under any contract to which Seller is a party or to which
        his or
        his properties or assets may be bound, or require the consent or approval
        of or
        any notice to or filing with any governmental authority to which the Seller
        or
        his properties or assets may be subject; or 

       

      (iii)
         result
        in
        the imposition or creation of any encumbrance upon or with respect to any
        of the
        properties or assets owned or used by Seller. 

       

      4.2 No
        Undisclosed Liabilities.
         Seller
        has no material liabilities or obligations of any nature (whether absolute,
        accrued, contingent, or otherwise) with respect to the Livermore Assets except
        for liabilities or obligations which have previously been disclosed to Purchaser
        and current liabilities incurred in the ordinary course of business, which
        current liabilities are consistent with the representations and warranties
        contained in this Agreement and will not, individually or in the aggregate,
        have
        a material adverse change in the business, operations, properties, prospects,
        liabilities, results of operations, assets or condition (financial or otherwise)
        of Seller.

      

      4.3 Taxes.
        With
        respect to the Livermore Assets, Seller has properly and timely filed all
        federal, state and local Tax returns and has paid all Taxes, assessments
        and
        penalties due and payable. All such Tax returns were complete and correct
        in all
        respects as filed, and no claims have been assessed with respect to such
        returns. There are no present, pending, or threatened audit, investigations,
        assessments or disputes as to Taxes of any nature payable by the Seller,
        nor any
        Tax liens whether existing or inchoate on any of the Livermore Assets of
        the
        Seller, except for current year Taxes not presently due and payable. The
        federal
        income Tax returns of the Seller have never been audited. No IRS or foreign,
        state, county or local Tax audit is currently in progress. The Seller has
        not
        waived the expiration of the statute of limitations with respect to any Taxes.
        There are no outstanding requests by the Seller for any extension of time
        within
        which to file any Tax return or to pay Taxes shown to be due on any Tax return.
        Other than with respect to the Seller, the Seller is not liable for Taxes
        of any
        other person or entity or is currently under any contractual obligation to
        indemnify any person or entity with respect to Taxes or is a party to any
        Tax
        sharing agreement or any other agreement providing for payments by the Seller
        with respect to Taxes. 

       

      For
        purposes of this Agreement, the term “Tax” shall mean any United States federal,
        national, state, provincial, local or other jurisdictional income, gross
        receipts, property, sales, use, license, excise, franchise, employment, payroll,
        estimated, alternative or add-on minimum, ad valorem, transfer or excise
        tax, or
        any other tax, custom, duty, governmental fee or other like assessment or
        charge
        imposed by any governmental authority, together with any interest or penalty
        imposed thereon. 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      4.4 Compliance
        with Law; Governmental Authorizations.
        To the
        best of Seller’s knowledge, Seller is in compliance with all federal, state and
        local laws, authorizations, licenses and permits of any governmental authority
        and all governmental orders affecting the properties and assets of Seller,
        including federal, state and local: (i) Occupational Safety and Health Laws;
        (ii) private investigatory and other similar laws; (iii) the Fair Credit
        Reporting Act and similar state and local laws; and (iv) laws regarding or
        relating to trespass or violation of privacy rights. Seller has not been
        charged
        with violating, nor to the knowledge of Seller, threatened with a charge
        of
        violating, nor, to the knowledge of Seller, is Seller under investigation
        with
        respect to a possible violation of any provision of any federal, state or
        local
        law relating to any of, properties or assets.

      

      4.7 Effect
        of Agreement.
        This
        Agreement has been duly executed and delivered by Seller and constitutes,
        and
        such other agreements and instruments to be executed by Seller pursuant hereto,
        when so duly executed and delivered, will constitute, legal, valid and binding
        obligations of Seller, enforceable in accordance with their respective terms,
        except as such enforcement may be limited by bankruptcy, insolvency,
        reorganization, receivership, moratorium or other similar laws relating to
        or
        affecting the rights of creditors generally and by general equity principles
        (regardless of whether such enforcement is considered in a proceeding in
        equity
        or at law).

      

      4.8 Title
        to Assets.
        After
        giving effect to the transactions contemplated by this Agreement, Purchaser
        will
        have good and valid title to all of the Livermore Assets, free and clear
        of all,
        liens, encumbrances, restrictions, security interests, mortgages, and claims
        (including any related to duty or customs), except with respect to any of
        the
        foregoing which may be incurred by Purchaser.

      

      4.9
         Broker's
        Fees.
        Seller
        has not employed any broker or finder or incurred any liability for any broker's
        or finder's fees or commissions in connection with this Agreement or the
        transactions contemplated herein.

      

      4.10 Intentionally
        Left Blank.

      

      4.11 Disclosure.
        No
        representation or warranty by Seller in this Agreement, nor in any certificate,
        schedule or exhibit delivered or to be delivered pursuant to this Agreement
        contains or will contain any untrue statement of material fact, or omits
        or will
        omit to state a material fact necessary to make the statements herein or
        therein, in light of the circumstances under which they were made, not
        misleading.

      

      4.13 Legal
        Proceedings.
        There
        is no pending claim, action, investigation, arbitration, litigation, suit
        or
        other proceeding (“Proceeding”):

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (a)
        that
        has been commenced by or against the Seller or that otherwise relates to
        or may
        affect the business of, or any of the properties or assets owned, held or
        used
        by, the Seller; or 

      

      (b)
        that
        challenges, or that may have the effect of preventing, delaying, making illegal,
        or otherwise interfering with, any of the transactions contemplated hereby.
        

      

      To
        the
        knowledge of the Seller, (A) no such Proceeding has been threatened, and
        (B) no
        event has occurred or circumstance exists that may give rise to or serve
        as a
        basis for the commencement of any such Proceeding. 

      

      5.
        Representations and Warranties of Purchaser.
        Purchaser hereby represents and warrants to Seller as follows:

      

      5.1 Effect
        of Agreement.
        This
        Agreement has been duly executed and delivered by Purchaser and constitutes,
        and
        each other agreement, document or instrument to be executed by Purchaser
        pursuant hereto, when so duly executed and delivered, will constitute, legal,
        valid and binding obligations of Purchaser, enforceable against Purchaser
        in
        accordance with their terms, except as such enforcement may be limited by
        bankruptcy, insolvency, reorganization, receivership, moratorium or other
        similar laws relating to or affecting the rights of creditors generally and
        by
        general equity principles (regardless of whether such enforcement is considered
        in a proceeding in equity or at law).

      

      5.2
         Knowledge.
        Purchaser have not relied on any representations or warranties of any Seller
        or
        any agent of any Seller, whether implied or otherwise, other than those
        expressly made by Seller in this Agreement, in making its determination to
        enter
        into and consummate this Agreement.

      

      5.3
         Broker's
        Fees.
        Purchaser has not employed any broker or finder or incurred any liability
        for
        any broker's or finder's fees or commissions in connection with this Agreement
        or the transactions contemplated herein.

       

      6. Pre-Closing
        Covenants.

      

      6.1 Compliance
        with Conditions.
        The
        parties hereto shall use their best efforts to cause the Closing to be
        consummated and to cause the execution and delivery of the documents referred
        to
        in Section 3 hereof and to bring about the satisfaction of the conditions
        to the
        obligations of the parties hereto set forth in Section 3, herein.

      

      6.2 Update
        of Exhibits.
        From
        and after the date hereof and up to the Closing Date, the parties hereto
        shall
        update the exhibits to this Agreement to the extent necessary to make such
        exhibits true and accurate as of the Closing Date and shall deliver copies
        of
        such updated exhibits to Purchaser or Seller, as the case may be, immediately
        upon their preparation.

      

      6.3 Consents.
        From
        and after the date hereof, the parties hereto shall use their best efforts
        to
        obtain all of the certificates, authorizations, consents or approvals required
        as set forth in Section 3 hereof. Evidence of such certificates, authorizations,
        consents or approvals shall be delivered to Purchaser or Seller, as the case
        may
        be, on or prior to the Closing. 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      6.4 Business
        Practices.
        From
        and after the date hereof and up to the Closing Date, Seller shall continue
        to
        run the business of Seller in a manner consistent with past business practices
        including the satisfaction of all of its then current obligations. 

      

      7. Indemnifications
        by Seller and Purchaser.

      

      7.1 Indemnification
        by Seller.
        Seller
        shall indemnify and hold harmless Purchaser and shall reimburse Purchaser
        for
        any loss, liability, claim, damage, expense (including, without limitation,
        costs of investigation and defense and reasonable attorney's fees) or diminution
        of value (collectively, "Damages") arising from or in connection
        with:

      

      (a) any
        inaccuracy in any of the representations and warranties of Seller in this
        Agreement or in any certificate delivered by Seller pursuant to this Agreement,
        or any actions, omissions or state of facts inconsistent with any such
        representation or warranty (for purposes of this clause (a), each schedule
        and
        exhibit to this Agreement shall be deemed a representation and
        warranty);

      

      (b) any
        failure by Seller to perform or comply with any agreement made by it under
        this
        Agreement;

      

      (c) any
        operations or business conducted, commitment made, service rendered or condition
        existing or any action taken or omitted by or on behalf of Seller, except
        for
        any claims for which Purchaser is required to indemnify Seller pursuant to
        Section 7.2 herein;

      

      (d) any
        claim
        by any person for brokerage or finder's fees or commissions or similar payments
        based upon any agreement or understanding alleged to have been made by any
        such
        person with Seller (or any person acting on its behalf) in connection with
        any
        of the transactions contemplated herein; and

      

      (e) Seller's
        failure to comply with the "Bulk Sales Laws" under the Uniform Commercial
        Code;

      

      provided,
        however,
        that
        (i) Seller shall have no obligation to indemnify Purchaser for Damages until
        the
        aggregate Damages exceed $20,000 and, in such event, for the full amount
        of such
        Damages, (ii) Seller' aggregate liability for Damages shall in no event exceed
        the Purchase Consideration, and (iii) Seller shall have no obligation to
        indemnify Purchaser for any claims made by Purchaser under this Section 7.1
        after twenty four (24) months after the Closing Date. 

      

      7.2 Indemnification
        by Purchaser.
        Purchaser shall indemnify and hold harmless Seller, and shall reimburse Seller
        for any Damages arising from or in connection with:

      

      (a) any
        inaccuracy in any of the representations and warranties of Purchaser in this
        Agreement or in any certificate delivered by Purchaser pursuant to this
        Agreement, or any actions, omissions or state of facts inconsistent with
        any
        such representation or warranty (for purposes of this clause (a), each schedule
        and exhibit to this Agreement shall be deemed a representation and
        warranty);

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (b) any
        failure by Purchaser to perform or comply with any agreement made by it under
        this Agreement;

      

      (c) any
        claim
        by any person for brokerage or finder's fees or commissions or similar payments
        based upon any agreement or understanding alleged to have been made by such
        person with Purchaser (or any person acting on its behalf, regardless of
        whether
        such person purported to act on behalf of Seller) in connection with any
        of the
        transactions contemplated in this Agreement; and

      

      (d) obligations
        with respect to any product liability associated with the Equipment for the
        period after the Closing Date; 

      

      provided,
        however,
        that
        (i) Purchaser shall have no obligation to indemnify Seller for Damages until
        the
        aggregate Damages exceed $20,000 and, in such event, for the full amount
        of such
        Damages, (ii) Purchaser' aggregate liability for Damages shall in no event
        exceed the Purchase consideration, and (iii) Purchaser shall have no obligation
        to indemnify Seller for any claims made by any Seller under this Section
        7.2
        after twenty four (24) months after the Closing Date.

       

      7.3 Procedure
        for Indemnification.
        Promptly after receipt by an indemnified party under Section 7.1 or 7.2 hereof
        of notice of the commencement of any action or assertion of any claim, such
        indemnified party shall, if a claim in respect thereof is to be made against
        an
        indemnifying party under such Section, give notice to the indemnifying party
        of
        the commencement or assertion thereof, but the failure so to notify the
        indemnifying party shall not relieve it of any liability that it may have
        to any
        indemnified party except to the extent the indemnifying party demonstrates
        that
        the defense of such action is materially prejudiced thereby. If any such
        action
        shall be brought against an indemnified party and it shall give notice to
        the
        indemnifying party of the commencement thereof, the indemnifying party shall
        be
        entitled to participate therein and, to the extent that it shall wish, to
        assume
        the defense thereof with counsel satisfactory to such indemnified party and,
        after notice from the indemnifying party to such indemnified party of its
        election so to assume the defense thereof, the indemnifying party shall not
        be
        liable to such indemnified party under such Section for any fees of other
        counsel or any other expenses, in each case subsequently incurred by such
        indemnified party in connection with the defense thereof, other than reasonable
        costs of investigation. If an indemnifying party assumes the defense of such
        an
        action:

      

      (a) no
        compromise or settlement thereof may be effected by the indemnifying party
        without the indemnified party's consent which shall not be unreasonably withheld
        unless (i) there is no finding or admission of any violation of law or any
        violation of the rights of any person and no effect on any other claims that
        may
        be made against the indemnified party and (ii) the sole relief provided is
        monetary damages that are paid in full by the indemnifying party;
        and

      

      (b) the
        indemnifying party shall have no liability with respect to any compromise
        or
        settlement thereof effected without its consent. If notice is given to an
        indemnifying party of the commencement of any action and it does not, within
        ten
        (10) business days after the indemnified party's notice is given, give notice
        to
        the indemnified party of its election to assume the defense thereof, the
        indemnifying party shall be bound by any determination made in such action
        or
        any compromise or settlement thereof effected by the indemnified party.
        Notwithstanding the foregoing, if an indemnified party determines in good
        faith
        that there is a reasonable probability that an action may materially and
        adversely affect it or its affiliates other than as a result of monetary
        damages, such indemnified party may, by notice to the indemnifying party,
        assume
        the exclusive right to defend, compromise or settle such action at its cost
        or
        expense, but the indemnifying party shall not be bound by any determination
        of
        an action so defended or any compromise or settlement thereof effected without
        its consent (which shall not be unreasonably withheld).

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      8. Miscellaneous.
        

      

      8.1 Bulk
        Sales Laws:
        The
        parties hereto hereby agree to waive compliance with "Bulk Sales Laws" under
        the
        Uniform Commercial Code and the related notice provisions thereof.

      

      8.2 Survival.
        All
        representations, warranties and agreements contained in this Agreement or
        in any
        certificate delivered pursuant to this Agreement shall survive eighteen (18)
        months after Closing.

      

      8.3 Waivers
        and Amendments.
        

      

      (a) This
        Agreement may be amended, modified or supplemented only by a written instrument
        executed by the parties hereto. The provisions of this Agreement may be waived
        only by an instrument in writing executed by the party granting the waiver.
        No
        action taken pursuant to this Agreement, including without limitation, any
        investigation by or on behalf of any party, shall be deemed to constitute
        a
        waiver by the party taking such action of compliance with any representation,
        warranty, covenant or agreement contained herein. The waiver by any party
        hereto
        of a breach of any provision of this Agreement shall not operate or be construed
        as a further or continuing waiver of such breach or as a waiver of any other
        or
        subsequent breach.

      

      (b) No
        failure on the part of any party to exercise, and no delay in exercising
        any
        right, power or remedy hereunder shall operate as a waiver thereof, nor shall
        any single or partial exercise of such right, power or remedy by such party
        preclude any other or further exercise thereof or the exercise of any other
        right, power or remedy. All remedies hereunder are cumulative and are not
        exclusive of any other remedies provided by law.

      

      8.4 Fees
        and Expenses.
        Each
        party shall be responsible for its respective fees and expenses incurred
        in
        connection with this transaction.

      

      8.5 Notices.
        All
        notices, requests, demands and other communications that are required or
        may be
        given under this Agreement shall be in writing and shall be deemed to have
        been
        duly given or made: if by hand, immediately upon delivery; if by telex,
        telecopier, telegram or similar electronic device, immediately upon sending,
        provided it is sent on a business day, but if not, then immediately upon
        the
        beginning of the first business day after being sent; if by Federal Express,
        Express Mail or any other overnight delivery service, on the first business
        day
        after dispatch; if by registered or certified mail, return receipt requested,
        upon receipt by the addressee. All notices, requests and demands are to be
        given
        or made to the parties at the following addresses (or to such other address
        as
        either party may designate by notice in accordance with the provisions of
        this
        paragraph):

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        	 	If to Seller:	 	
                Richard Smitten

                
                  3675
                    N E Skyline Drive 

                  Jensen
                    Beach, FL 34957-3917

                  Telephone:
                    772-334-7129

                

              
	 	 	 	 
	 	If to
                Purchaser:	 	
                TXP Corporation

                
                  1299
                    Commerce Drive 

                  Richardson,
                    TX 75082

                  Telephone:
                    

                  Facsimile:

                

              
	 	 	 	 
	 	With a copy
                to:	 	
                Sichenzia Ross Friedman Ference LLP

                
                  1065
                    Avenue of the Americas, 21st Floor

                  Attn:
                    Gregory Sichenzia, Esq.

                  New
                    York, New York 10018

                  Telephone:
                    (212) 930-9700

                  Facsimile:
                    (212) 930-9725

                

              

      

       

      8.6 Entire
        Agreement.
        This
        Agreement and the schedules and exhibits hereto set forth the entire agreement
        and understanding between the parties hereto with respect to the subject
        matter
        hereof and supersede any prior negotiations, agreements, letters of intent,
        understandings or arrangements between the parties hereto with respect to
        the
        subject matter hereof.

      

      8.7 Binding
        Effect, Benefits, Construction.
        This
        Agreement shall inure to the benefit of and be binding upon the parties hereto
        and their respective successors. Nothing in this Agreement, expressed or
        implied, is intended to confer on any person other than the parties hereto,
        or
        their respective successors, any rights, remedies, obligations or liabilities
        under or by reason of this Agreement.

      

      8.8 Non-Assignability.
        This
        Agreement and any rights pursuant hereto shall not be assignable by any party
        hereto without the prior written consent of the other party.

      

      8.9 Arbitration.
        The
        parties hereto shall attempt to resolve any dispute, controversy, difference
        or
        claim arising out of or relating to this Agreement by negotiation in good
        faith.
        If such good negotiation fails to resolve such dispute, controversy, difference
        or claim within fifteen (15) days after any party delivers to any other party
        a
        notice of its intent to submit such matter to arbitration, then any party
        to
        such dispute, controversy, difference or claim may submit such matter to
        arbitration with the American Arbitration Association in the City of New
        York,
        New York.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      8.10  Applicable
        Law.
        All
        questions concerning the construction, validity, enforcement and interpretation
        of the Agreement shall be governed by and construed and enforced in accordance
        with the internal laws of the State of New York, without regard to the
        principles of conflicts of law thereof. 

      

      8.11  Section
        and Other Headings.
        The
        section and other headings contained in this Agreement are for reference
        purposes only and shall not affect the meaning or interpretation of this
        Agreement.

      

      8.12  Counterparts.
        This
        Agreement may be executed in any number of counterparts, each of which shall
        be
        deemed an original, but all of which together shall constitute one and the
        same
        instrument.

      

       

       

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF,
        Purchaser and Seller have caused this Agreement to be signed by their duly
        authorized respective officers all as of the date first written
        above.

      
        
          	 	 	 
	
                  PURCHASER: 

                	Richard
                  Smitten
	 
 	 
 	 
 
	 	  	/s/ Richard
                  Smitten
	 	
                  

                

        

      
        
          	 	 	 
	
                  SELLER:
                    

                	TXP
                  Corporation, a Nevada Corporation
	 
 	 
 	 
 
	 	By:  	/s/ Michael
                  Shores
	 	
                  
Name:
                  Michael Shores
	 	Title:
                  Chief Executive Officer

        

      

       

       

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      Exhibit
        3.2(b)

      

      BILL
        OF SALE

      

      WHEREAS,
        Richard Smitten, a resident of Florida ("Purchaser"), and TXP Corporation,
        a
        Nevada corporation (the "Seller"), have entered into an Asset Purchase
        Agreement, dated July 28, 2006 (the "Agreement"), pursuant to which Seller
        has
        agreed to sell to Purchaser, and Purchaser have agreed to purchase from Seller
        the "Assets" (as defined in the Agreement);

      

      NOW,
        THEREFORE, Seller, for good and valuable consideration paid to it, and pursuant
        to the provisions of the Agreement, which are hereby incorporated by reference
        herein, have granted, bargained, sold, conveyed, assigned, released, transferred
        and delivered, and by these presents do grant, bargain, sell, convey, assign,
        release, transfer and deliver unto Purchaser, its successors and assigns,
        to
        have and hold the same forever, the Livermore Assets.

      

      Seller,
        for itself and its successors and assigns, does hereby convey to Purchaser
        good
        and marketable title to the Livermore Assets free and clear of all liens,
        liabilities, claims and encumbrances, except as provided in the Agreement
        or as
        may have been created by Purchaser, and do for its successors and assigns
        covenant and agree to warrant and defend the sale of the Livermore Assets
        to
        Purchaser, its successors and assigns, against all and every
        person.

      

      No
        other
        warranty or representation, except as expressly made by Seller in the Agreement
        or in this Bill of Sale, is made by Seller, nor shall any be
        implied.

      

      IN
        WITNESS WHEREOF, Seller has caused this instrument to be executed by its
        duly
        authorized officers this 28th
        day of
        July, 2006, to become effective on the date hereof.

      

      
        	 	 	 
	 	Richard
                Smitten
	 
 	 
 	 
 
	 	  	/s/ Richard
                Smitten
	 	
                

              

      

      
        	 	 	 
	 	
                TXP
                  CORPORATION

                A Nevada Corporation 

              
	 
 	 
 	 
 
	 	By:  	/s/ Michael
                Shores 
	 	
                
Name:
                Michael Shores 
	 	Title:
                Chief Executive Officer

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