Turbine Aviation Inc (TURA)

[beaunos]

Section 1.1 Purchase


The Parities will each purchase their pro rata share of the equity shares of the COMPANY by way of the following - Honglin Qian will transfer all legal ownership of all assets currently owned by him and that are necessary as the core technology of the COMPANY. Dalian Beigang will provide cash in the amount of 900,000 yuan which will equal 90% of the registered capital of the COMPANY. The COMPANY will be registered as a Wholly Foreign Owned Enterprise (“WFOE”) under the laws of the PR China.

As an incentive to Honglin Qian to enter into this Agreement, Dalian Beigang will arrange for the issuance to Honglin Qian of 1,000,000 common shares of its parent company, Northport Network Systems Inc., a US publicly traded corporation under the trading symbol NNWS.OB

Imho Follow ther filing this Has not happend
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ARTICLE 3
CLOSING

For purposes of this Agreement, the term “Closing” means the time at which the transaction contemplated by this Agreement will be consummated, which in any event shall be on or before July 1, 2010

http://www.sec.gov/Archives/edgar/data/1374976/000120445910001419/exhibit10-1.htm

IMHO if Follow the bread cumbs