Bayport International Holdings Inc. (BAYP)

[simba1]

Completion of Acquisition or Disposition of Assets
On July 31, 2014, the Company and Bayport International holdings,inc.
("Bayport")closed on the Asset Purchase Agreement entered into
between the companies on July 9, 2014. Included within the assets sold by the Company were certain leases covering mineral rights, oil and natural gas wells, certain right of ways and ancillary facilities constructed by the Company for the delivery of natural gas in West
Virginia. The Company will file the required Bill of Sales, Assignments and Deeds with the designated County Clerks for the transaction.


At Closing, Bayport remitted the required funds as per the Asset purchase Agreement and issued to the Company three Notes with varying maturity dates.

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