SHARE EXCHANGE AGREEMENT
by and among
RIVER CAPITAL GROUP, INC.,
RIVER CAPITAL HOLDINGS LIMITED,
STRATEGY HOLDING COMPANY LIMITED,
LONGVIEW FUND, LP,
LONGVIEW EQUITY FUND, LP,
LONGVIEW INTERNATIONAL EQUITY FUND, LP,
and
CONCORDE CAPITAL LIMITED
AMENDMENT NO. 1
DATED DECEMBER 30, 2005
THIS AMENDMENT NO. 1 TO SHARE EXCHANGE AGREEMENT dated as of December 30, 2005
("Amendment No. 1"), entered into by and among River Capital Group, Inc., a
Delaware corporation ("River Group"), River Capital Holdings Limited, a Barbados
corporation ("River Holdings"), Strategy Holding Company Limited, a Barbados
corporation, Longview Fund, LP, Longview Equity Fund, LP, Longview International
Equity Fund, LP, and Concorde Capital Limited, a Bermuda corporation,
(collectively the "Shareholders").
WHEREAS, the parties hereto wish to amend the share allocation provisions of
that certain Share Exchange Agreement dated December 30, 2005 (the "Share
Exchange Agreement") entered into by and among River Group, River Holdings and
the Shareholders; and
WHEREAS, Article VII, Section 4 of the Share Exchange Agreement provides that
the terms of the Share Exchange Agreement may be amended by written agreement of
the parties thereto.
NOW THEREFORE, River Group, River Holdings and the Shareholders hereby agree to
amend Section B of the Recitals by replacing it in its entirety with the
following paragraph:
Subject to the terms and conditions of this Agreement, each share of
capital stock of River Holdings which are issued and outstanding
immediately prior to Closing (defined in Article VI, Section 1) shall
be converted into the right to receive 9,375.70798628124 Shares of
common stock, $0.001 par value per share, of River Group ("River Group
Common Stock") on the terms and subject to the conditions set forth
herein. River Holdings shall become a wholly-owned subsidiary of River
Group.
FURTHER, River Group, River Holdings and the Shareholders hereby agree to amend
Article I, Section 2 by replacing it in its entirety with the following
paragraph:
Effect of Share Exchange. Upon Closing of the Share Exchange, each
share of River Holdings shall be exchanged for 9,375.70798628124 shares
of common stock, $0.001 par value per share, of River Group ("River
Group Common Stock") on the terms and subject to the conditions set
forth herein. Each Shareholder affected by the Share Exchange shall
receive the number of shares of River Group Common Stock as set forth
on the attached Exhibit A. No fractional shares in River Group shall be
issued by reason of the Share Exchange; instead amounts of shares will
be rounded to the nearest whole number.
FURTHER, River Group, River Holdings and the Shareholders hereby agree to amend
Exhibit A of the Share Exchange Agreement, by replacing it with Exhibit A
attached hereto.
Unless stated otherwise, capitalized terms herein shall have the same meaning
set forth in the Share Exchange Agreement and the exhibits thereto.
This Amendment No. 1 may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original,
but all such counterparts shall together constitute one and the same instrument.
Each counterpart may consist of a number of copies hereof each signed by less
than all, but together signed by all of the parties hereto.
[Signature Page to Follow]
IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to the Share
Exchange Agreement as of the date first above written.
RIVER CAPITAL GROUP, INC., LONGVIEW FUND, LP,
a Delaware corporation a California limited partnership
By: /s/ XXXXXX X. XXXXXX By: /s/ S. XXXXXXX XXXXXXX
----------------------------- -----------------------------------
Name: XXXXXX X. XXXXXX Name: S. XXXXXXX XXXXXXX
--------------------------- ---------------------------------
Title: CEO, DIRECTOR Title: CFO - INVESTMENT ADVISOR
-------------------------- --------------------------------
VIKING ASSET MANAGEMENT, LLC
RIVER CAPITAL HOLDINGS LIMITED, LONGVIEW EQUITY FUND, LP,
a Barbados corporation a Delaware limited partnership
By: /s/ XXXXXX XXXXXX XXXXXXX By: /s/ S. XXXXXXX XXXXXXX
----------------------------- -----------------------------------
Name: XXXXXX XXXXXX XXXXXXX Name: S. XXXXXXX XXXXXXX
--------------------------- ---------------------------------
Title: DIRECTOR Title: CFO - INVESTMENT ADVISOR
-------------------------- --------------------------------
REDWOOD GROVE CAPITAL MANAGEMENT
LLC
STRATEGY HOLDING COMPANY LIMITED, LONGVIEW INTERNATIONAL EQUITY
a Barbados corporation FUND, LP,
a British Virgin Islands limited
partnership
By: /s/ XXXXXX XXXXX By: /s/ S. XXXXXXX XXXXXXX
----------------------------- -----------------------------------
Name: XXXXXX XXXXX Name: S. XXXXXXX XXXXXXX
--------------------------- ---------------------------------
Title: MANAGING DIRECTOR Title: CFO - INVESTMENT ADVISOR
-------------------------- --------------------------------
REDWOOD GROVE CAPITAL MANAGEMENT
LLC
CONCORDE CAPITAL LIMITED,
a Bermuda corporation
By: /s/XXXXXX X. XXXXXX
-----------------------------
Name: XXXXXX X. XXXXXX
---------------------------
Title: CEO, DIRECTOR
--------------------------
EXHIBIT A
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NO. OF SHARES NO. OF RIVER CAPITAL
BENEFICIALLY OWNED GROUP, INC. SHARES
RIVER CAPITAL HOLDINGS TO BE ISSUED UPON
SHAREHOLDER NAME LIMITED EXCHANGE RATIO EXCHANGE
--------------------------------------------------------------------------------------------------------------------
Strategy Holding Company 150 9,375.70798628124 1,406,356
Limited
--------------------------------------------------------------------------------------------------------------------
Longview Equity Fund LP 641 9,375.70798628124 6,009,829
--------------------------------------------------------------------------------------------------------------------
Longview International 284 9,375.70798628124
Equity Fund, LP 2,662,701
--------------------------------------------------------------------------------------------------------------------
Longview Fund, LP 416 9,375.70798628124 3,900,295
--------------------------------------------------------------------------------------------------------------------
Concorde Capital Limited 550 9,375.70798628124 5,156,639
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Total 2,041 19,135,820
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