SECOND AMENDMENT TO THE ASSET PURCHASE AGREEMENTThe Asset Purchase Agreement • August 30th, 2007 • River Hawk Aviation Inc • Air transportation, scheduled • Michigan
THIS SECOND AMENDMENT to the Asset Purchase Agreement by and among River Hawk Aviation, Inc., a closely held Delaware corporation (“Seller” or the “Company”) and Calvin Humphrey, a resident of Texas (“Humphrey” or the “Shareholder”) on the one hand, and River Hawk Aviation, Inc., f/k/a Viva International, Inc., a Nevada corporation, on the other hand (“Buyer”) dated September 19, 2006, as amended January 10, 2007 (the “Agreement”), entered into this 29th day of August, 2007, amends the Agreement as follows (the “2nd Amendment”):
River Hawk Aviation Asset Purchase Agreement FinalizedAsset Purchase Agreement • August 30th, 2007 • River Hawk Aviation Inc • Air transportation, scheduled
TRAVERSE CITY, MI, Aug 30, 2007 (MARKET WIRE via COMTEX) -- River Hawk Aviation, Inc. (PINKSHEETS: RHWA) (River Hawk) announced today that it amended its asset purchase agreement with privately held River Hawk Aviation, Inc. (RHA) and finalized the agreement. Management intends to transfer the assets acquired into one of its existing subsidiaries or to create a new subsidiary that will continue the operations previously conducted through the private River Hawk. In connection with closing the asset purchase agreement, River Hawk announced that it has approved a Class A preferred and a Class B preferred stock issuance of which 3.5 million shares of Class A and 2.0 million shares of Class B will be issued to the owner of RHA in exchange for all of his inventories and intellectual property including customer lists and industry contacts.
