Document:

f8k082907ex10xii_riverhawk.htm

    Exhibit
      10.12

    

    

    SECOND
      AMENDMENT TO THE ASSET PURCHASE AGREEMENT

    

    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”):

     

     

    RECITALS

    

    A.           Seller,
      the Shareholder and Buyer (collectively, the “Parties”) entered into an Asset
      Purchase Agreement on September 19, 2006, as amended January 10,
      2007;

    

    B.           In
      furtherance of the Buyers ability to fulfill its obligations in a manner
      equitable to the Parties to the Agreement, the Parties wish to amend the
      Agreement in order to restate the terms of consideration; and;

    

    C.           Unless
      otherwise defined in this 2nd Amendment,
      capitalized terms have the meaning as defined in the Agreement.

    

    Accordingly,
      the Parties hereby agree as follows:

    

    1.  Section
      2.3 of the Agreement is hereby deleted in its entirety and replaced as
      follows:

    

    2.3
      CONSIDERATION

    

    Consideration.                                
      On the Closing Date, Buyer shall purchase from Seller the Assets of Seller
      in
      exchange the following consideration (the “Purchase Price”):

    

    
      	
              (a)  

            	
              Seller
                shall receive three million, five hundred thousand (3,500,000) shares
                of
                Series A Preferred Stock (“Series A
                Preferred”);

            

    

    

    
      	
              (b)  

            	
              Seller
                shall receive two million (2,000,000) shares of eight percent (8%)
                Cumulative Series B Convertible Preferred Stock of Buyer (the
                “Series B Preferred”), which shall have the following
                designations:

            

    

    

    
      	
              (i)  

            	
              an
                annual, cumulative coupon rate of
                8%;

            

    

    

    
      	
              (ii)
                 

            	
              holders
                of the Series B Preferred shall have the option to
                either (a) elect to convert the Series B Preferred shares into common
                stock of the Company at a ratio of 1:1, on an all or nothing basis
                or (b)
                upon 30 days notice put the Series B Preferred shares to the Company
                or
                the Company’s designee at a purchase price of One dollar ($1.00) per share
                (the “Conversion Price”) according to the following schedule (which
                schedule is not be part of the filed designations but is enforceable
                under
                this Agreement) on an all or nothing
                basis:

            

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
 

    
      	
              1.  

            	
              five
                hundred ninety thousand (590,000) shares of Series B Preferred at
                any time
                following the Closing;

            

    

    

    
      	
              2.  

            	
              four
                hundred seventy thousand (470,000) shares of Series B Preferred at
                any
                time following twelve (12) months from the Effective
                Date;

            

    

    

    
      	
              3.  

            	
              four
                hundred seventy thousand (470,000) shares of Series B Preferred at
                any
                time following twenty-four (24) months from the Effective Date;
                and

            

    

    

    
      	
              4.  

            	
              four
                hundred seventy thousand (470,000) shares of Series B Preferred at
                any
                time following thirty-six (36) months from the Effective
                Date.

            

    

    

    
      	
               

            	
              (iii)

            	
              Buyer
                shall have the option, upon five (5) days notice, to repurchase,
                the
                Series B Preferred shares from the Series B Preferred shareholders,
                unless
                the shareholder(s) elects at such time to convert the shares into
                common
                stock of the Company at the Conversion Price, in accordance with
                the
                schedule listed in Section 1.01(b)(ii), above;
                and

            

    

    

    2.  Section
      2.6 of the Agreement is hereby deleted in its entirety and substituted therefore
      as is the following:

     

    Closing.  This
      Agreement shall be closed upon the mutual execution of this 2nd Amendment
      to the
      Agreement (the “Closing”).

     

    3.   Except
      as otherwise provided herein, all other terms of the Agreement, and prior
      amendments thereto, remain in full force and effect.

     

    9.  This
      Amendment sets forth the entire understanding and agreement of the parties,
      and   supersedes any and all prior contemporaneous oral or
      written agreements or understandings between the parties if in conflict with
      the
      subject matter of this Amendment.  This Amendment shall be governed by
      the laws of the State of Michigan.

     

    10.
      This
      Amendment may be executed by facsimile and in two (2) or more counterparts,
      each
      of which shall be deemed an original, but all of which together shall constitute
      one and the same instrument.

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed
      as
      of the date listed above.

    

    

    RIVER
      HAWK AVIATION, INC.

    a
      Nevada corporation (Buyer).

    

    /s/
      Robert Scott

    ___________________________

    By:  Robert
      Scott

    Its:  Chief
      Financial Officer and Director

    

    

    

    RIVER
      HAWK AVIATION, INC.

    a
      Delaware corporation (Seller).

    

    

    /s/
      Calvin Humphrey

    ___________________________

    By:
      Calvin Humphrey

    Its:
      PresidentEX-10.1

EXHIBIT 10.1

HARRIS CORPORATION

2005 EQUITY INCENTIVE PLAN

STOCK OPTION AWARD AGREEMENT

TERMS AND CONDITIONS

(AS OF JUNE 30, 2007)

1. Stock Option – Terms and Conditions. Under and subject to the provisions of the
Harris Corporation 2005 Equity Incentive Plan (as amended from time to time, the “Plan”) and upon
the terms and conditions set forth herein (these “Terms and Conditions”), Harris Corporation (the
“Corporation”) has granted to the employee receiving these Terms and Conditions (the “Employee”) a
Non-Qualified Stock Option (the “Option”) to purchase such number of shares of common stock, $1.00
par value per share (the “Common Stock”), of the Corporation at such designated exercise price per
share as set forth in the Award Letter (as defined below) from the Corporation to the Employee.
Such grant is subject to the following Terms and Conditions (these Terms and Conditions, together
with the Corporation’s letter to the Employee specifying the number of shares issuable upon
exercise of the Option, the exercise price and certain other terms (the “Award Letter”), are
referred to as the “Agreement”).

(a) Except as set forth in Sections 1(e), 2(b), 2(c) and 2(d), the Option shall not be
exercisable to any extent until and unless the Employee shall have remained continuously in the
employ of the Corporation until the Option shall become exercisable. The grant of the Option shall
not limit or restrict the Corporation’s rights to terminate the Employee’s employment.

(b) During the lifetime of the Employee, the Option shall be exercisable only by the Employee,
and, except as otherwise set forth in Section 2, only while the Employee continues as an Employee
of the Corporation.

(c) Notwithstanding any other provision of these Terms and Conditions and the Agreement, the
Option shall expire no later than seven years from the grant date (the “Expiration Date”), and
shall not be exercisable thereafter.

(d) Except as otherwise provided in the Award Letter, the Option shall vest and become
exercisable as to the following shares issuable upon exercise of the Option:

(i) After the end of one year from the grant date and prior to the end of two years from the
grant date, not more than fifty percent of the aggregate shares issuable upon exercise of the
Option;

(ii) After the end of two years from the grant date and prior to the end of three years from
the grant date, not more than seventy-five percent of the aggregate shares issuable upon exercise
of the Option; and

(iii) After the end of three years from the grant date, one hundred percent of the aggregate
shares issuable upon exercise of the Option.

(e) Upon a Change of Control of the Corporation as defined in Section 11.1 of the Plan, any
outstanding Option shall immediately become fully vested and exercisable.

2. Termination of Employment.

(a) Termination of Employment. In the event of termination of employment with the
Corporation other than as a result of circumstances described in Sections 2(b), 2(c), 2(d), and
2(e) below, the Option, whether exercisable or not, shall terminate immediately upon termination of
employment.

(b) Death. Notwithstanding Section 1(d), in the event of the death of the Employee
while employed by the Corporation, the Option shall immediately become fully vested and
exercisable, and may be exercised by the Employee’s Beneficiary (as defined in Section 4) but only
until the earlier of (i) the date that is twelve (12) months following the date of death of the
Employee or (ii) the Expiration Date. In the event of the death of the Employee following
termination of or cessation of employment with the Corporation, the Option may be exercised by the
Employee’s Beneficiary but only until the earlier of (i) the date that is twelve (12) months
following the date of death of the Employee or (ii) the Expiration Date, and only to the extent
that the Option was exercisable on the day immediately prior to the date of the Employee’s death.

(c) Disability. In the event of cessation of employment with the Corporation due to
permanent disability of the Employee (as determined by the Corporation) while employed by the
Corporation, the Option may be exercised by the Employee until the Expiration Date and shall,
unless Section 2(b) becomes applicable, continue to vest and become exercisable after such
cessation of employment due to permanent disability according to the schedule set forth in Section
1(d).

(d) Retirement. In the event of retirement of the Employee, the Option may, if the
retirement occurs after the Employee has reached age 55 and has ten or more years of full-time
service with the Corporation, be exercised by the Employee until the Expiration Date, but only to
the extent that the Option was vested and exercisable at the date of such retirement. In the event
of retirement of the Employee, the Option may, if the retirement occurs after the Employee has
reached age 62 and has ten or more years of full-time service with the Corporation, be exercised by
the Employee until the Expiration Date and shall, unless Section 2(b) becomes applicable, continue
to vest and become exercisable after such retirement according to the schedule set forth in Section
1(d).

(e) Involuntary or Voluntary Termination. In the event of termination of employment
of the Employee by the Corporation other than for Misconduct, the Option may be exercised by the
Employee but only until the earlier of (i) the date that is ninety (90) days following such
termination of employment or (ii) the Expiration Date, and only to the extent that the Option was
vested and exercisable at the date of such termination of employment. In the event of termination
of employment of the Employee by the Corporation for deliberate, willful or gross misconduct
(“Misconduct”), as determined by the Corporation, the Option shall immediately terminate and shall
not be exercisable. In the event of termination of employment of the Employee by the Employee
other than as a result of death, permanent disability or retirement (in a circumstance in which
Section 2(d) applies), the Option may be exercised by the Employee but only until the earlier of
(i) the date that is thirty (30) days following such termination of employment or (ii) the
Expiration Date, and only to the extent that the Option was vested and exercisable at the date of
such termination of employment.

3. Exercise of Option. The Option may be exercised by delivering to the Corporation
at the office of the Corporate Secretary (i) a written notice, signed by the person entitled to
exercise the Option, stating the designated number of shares such person then elects to purchase;
provided, however, that in the discretion of the Corporation, notice sent through an approved
electronic means may be substituted for a signed, written notice, (ii) payment in an amount equal
to the full exercise price for the shares to be purchased, and (iii) in the event the Option is
exercised by any person other than the Employee, such as the Employee’s Beneficiary, evidence
satisfactory to the Corporation that such person has the right to exercise the Option. Payment of
the exercise price shall be made (a) in cash, (b) in previously acquired shares of Common Stock of
the Corporation, or (c) in any combination of cash and such shares. Shares tendered in payment of
the exercise price which have been acquired through an exercise of a stock option must have been
held at least six months prior to exercise of the Option and shall be valued at the Fair Market
Value. Upon the exercise of the Option, the Corporation shall cause the shares in respect of which
the Option shall have been so exercised to be issued and delivered by crediting such shares to a
book-entry account for the benefit of the Employee or the Employee’s Beneficiary maintained by the
Corporation’s stock transfer agent or its designee. The Employee does not have any rights as a
shareholder in respect of any shares as to which the Option shall not have been duly exercised and
no rights as a shareholder shall exist prior to the proper exercise of such Option.

4. Prohibition Against Transfer; Designation of Beneficiary. The Option and rights
granted by the Corporation under these Terms and Conditions and the Agreement are not transferable
except to family members or trusts by will or by the laws of descent and distribution, provided
that the Option may not be so transferred to family members or trusts except as permitted by
applicable law or regulations. The Employee may designate a beneficiary or beneficiaries (the
“Employee’s Beneficiary”) to exercise any rights or receive any benefits under Section 2(b)
following the Employee’s death. To be effective, such designation must be made in accordance with
such rules and on such form as prescribed by the Corporation for such purpose, which completed form
must be received by the office of the Corporate Secretary prior to the Employee’s death. If the
Employee fails to designate a beneficiary, or if no designated beneficiary survives the Employee’s
death, the Employee’s estate shall be deemed the Employee’s Beneficiary. Without limiting the
generality of the foregoing, except as aforesaid, the Option may not be sold, exchanged, assigned,
transferred, pledged, hypothecated, encumbered or otherwise disposed of, shall not be assignable by
operation of law, and shall not be subject to execution, attachment, charge, alienation or similar
process. Any attempt to effect any of the foregoing shall be null and void and without effect.

5. Employment by Parent, Subsidiary or Successor. For the purpose of these Terms and
Conditions and the Agreement, employment by the Corporation, any Subsidiary of or a successor to
the Corporation shall be considered employment by the Corporation.

6. Miscellaneous. These Terms and Conditions and the other portions of the Agreement:
(a) shall be binding upon and inure to the benefit of any successor to the Corporation; (b) shall
be governed by the laws of the State of Delaware and any applicable laws of the United States; and
(c) except as permitted under Sections 3.2, 12 and 13.6 of the Plan, may not be amended without the
written consent of both the Corporation and the Employee. The Agreement shall not in any way
interfere with or limit the right of the Corporation to terminate the Employee’s employment or
service with the Corporation at any time, and no contract or right of employment shall be implied
by these Terms and Conditions and the Agreement of which they form a part.

7. Securities Law Requirement. The Corporation shall not be required to issue shares
upon exercise of the Option unless and until: (a) such shares have been duly listed upon each stock
exchange on which the Corporation’s Common Stock is then registered; and (b) a registration
statement under the Securities Act of 1933 with respect to such shares is then effective.

8. Board Committee Administration. The Board Committee shall have authority, subject
to the express provisions of the Plan as in effect from time to time, to construe these Terms and
Conditions and the Agreement and the Plan, to establish, amend and rescind rules and regulations
relating to the Plan, and to make all other determinations in the judgment of the Board Committee
necessary or desirable for the administration of the Plan. The Board Committee may correct any
defect or supply any omission or reconcile any inconsistency in these Terms and Conditions and the
Agreement in the manner and to the extent it shall deem expedient to carry the Plan into effect,
and it shall be the sole and final judge of such expediency.

9. Incorporation of Plan Provisions. These Terms and Conditions and the Agreement are
made pursuant to the Plan, the provisions of which are hereby incorporated by reference.
Capitalized terms not otherwise defined herein have the meanings set forth for such terms in the
Plan. In the event of a conflict between the terms of these Terms and Conditions and the Agreement
and the Plan, the terms of the Plan shall govern.

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