Exhibit 6.12
Amendment V
to
Asset Purchase Agreement
By and Among
Jet X Aerospace LLC
An Illinois Liability Company
And ASI Aviation Inc.
A Nevada Corporation
And the
Seller Members
Dated: July 2, 2020
Jet X Aerospace LLC, an Illinois limited liability company (“Seller” or “Company”), ASI Aviation, Inc., a Nevada Corporation (“Buyer”), and the Seller Members. Buyer, Seller and the Seller Members each are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”
Whereas, the Parties to this amendment have entered into the Asset Purchase Agreement (the “Agreement”), dated February 10, 2020 (the “Effective Date”).
Whereas, the Parties to this amendment have entered into an amendment to the Asset Purchase Agreement, dated March 10, 2020.
Whereas, the Parties to this amendment have entered into an amendment II to the Asset Purchase Agreement, dated March 31, 2020.
Whereas, the Parties to this amendment have entered into an amendment III to the Asset Purchase Agreement, dated May 2, 2020.
Whereas, the Parties to this amendment have entered into an amendment IV to the Asset Purchase Agreement, dated June 10, 2020.
Now Therefore, Buyer and Seller agree as follow:
| (a) | The “Closing Date” to the Asset Purchase Agreement, are hereby extended from July 3, 2020 to August 7, 2020. |
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the Agreement to be executed by their respective officers thereunto duly authorized.
SELLER: | BUYER: | |||
| JET X AEROSPACE, LLC | ASI AVIATION, INC. | |||
| By: | /s/ David S. Carver | By: | /s/ James Flynn | |
| Printed Name: | David S. Carver | Printed Name: | James Flynn | |
| Title: | Manafger of LLC | Title: | President | |
| SELLER MEMBERS: | |||
| By: | /a/ David S. Carver | ||
| Printed Name: | David S. Carver | ||
| By: | /s/ Dmetri Xydas | ||
| Printed Name: | Demetri Xydas | ||
| By: | /s/ Jayson Carver | ||
| Printed Name: | Jayson Carver | ||
