Trans-Pacific Aerospace Company, Inc. (OTCBB:TPAC) entered into a securities purchase agreement to acquire an additional 25% stake in Godfrey (China) Limited from Tina Kwan and Betty Li for $0.4 million in stock on March 25, 2013. Trans-Pacific Aerospace will issue 2 million shares of its common stock to Tina Kwan for 12.5% stake in Godfrey (China) Limited and will issue 2 million shares of its common stock to Betty Li for 12.5% stake in Godfrey (China) Limited. As of April 30, 2013, Trans-Pacific issued 4 million shares which were recorded as shares held in escrow at April 30, 2013 because the transactions were not approved by the Hong Kong Government. The Hong Kong Government had rejected the transactions once and Trans-Pacific Aerospace was resubmitting the documents with additional information. As of April 30, 2013, The transactions under the agreements will close subject to and upon the recording of the transfer of the Godfrey shares with the appropriate governmental agency in Hong Kong. Greenberg Traurig, LLP acted as legal advisor for the transaction.

Trans-Pacific Aerospace Company, Inc. (OTCBB:TPAC) completed the acquisition of an additional 25% stake in Godfrey (China) Limited from Tina Kwan and Betty Li on June 21, 2013. On June 21, 2013, the transactions were approved by the Hong Kong Government.