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<SEC-DOCUMENT>0001463967-10-000058.txt : 20101122
<SEC-HEADER>0001463967-10-000058.hdr.sgml : 20101122
<ACCEPTANCE-DATETIME>20101122110732
ACCESSION NUMBER:		0001463967-10-000058
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20100930
FILED AS OF DATE:		20101122
DATE AS OF CHANGE:		20101122

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Vivakor, Inc.
		CENTRAL INDEX KEY:			0001450704
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731]
		IRS NUMBER:				262178141
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53535
		FILM NUMBER:		101207592

	BUSINESS ADDRESS:	
		STREET 1:		2590 HOLIDAY ROAD
		STREET 2:		SUITE 100
		CITY:			CORALVILLE
		STATE:			IA
		ZIP:			52241
		BUSINESS PHONE:		(319) 625-2172

	MAIL ADDRESS:	
		STREET 1:		2590 HOLIDAY ROAD
		STREET 2:		SUITE 100
		CITY:			CORALVILLE
		STATE:			IA
		ZIP:			52241
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>vi_10q-100930.htm
<DESCRIPTION>FORM 10-Q
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body link="#0000ff" bgcolor="#ffffff" text="#000000" vlink="#800000">
        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b><font size="2">UNITED STATES </font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b><font size="2">SECURITIES AND EXCHANGE COMMISSION </font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b><font size="2">Washington, D.C. 20549 </font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b><font size="2">FORM 10-Q </font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">(Mark One) </font></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font style="FONT-FAMILY: 'WINGDINGS'" size="2">x</font></b></p>
                </td>

                <td valign="top">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </font></b></p>
                </td>
            </tr>
        </table>
        <br>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">FOR THE QUARTERLY PERIOD ENDED September&nbsp;30, 2010 </font></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font style="FONT-FAMILY: 'WINGDINGS'" size="2">&uml;</font></b></p>
                </td>

                <td valign="top">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </font></b></p>
                </td>
            </tr>
        </table>
        <br>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">FOR THE TRANSITION PERIOD FROM <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> TO <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> </font></p>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">Commission file number 000-53535 </font></p>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="5"><b>Vivakor</b><b>, Inc.</b></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">(Exact name of registrant as specified in its charter) </font></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
            <tr>
                <td valign="top" width="45%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b>Nevada</b></p>
                </td>

                <td valign="bottom" width="10%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="45%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b>26-2178141</b></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="45%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">(State or other jurisdiction of incorporation or organization)</font></p>
                </td>

                <td valign="bottom" width="10%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="45%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">(I.R.S. Employer Identification No.)</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b>18 Technology Drive, Suite 165, Irvine, CA 92618</b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">(Address of principal executive offices, including zip code) </font></p>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b>(888) 648</b><b>-</b><b>8485</b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">(Registrant&rsquo;s telephone number, including area code) </font></p>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b>NOT APPLICABLE</b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">(Former name, former address and former fiscal year, if changed since last report) </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Indicate by mark whether the registrant (1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2)&nbsp;has been subject to such filing requirements for the past 90
        days.&nbsp;&nbsp;&nbsp;&nbsp;YES&nbsp;&nbsp;<font style="FONT-FAMILY: 'WINGDINGS'">x</font>&nbsp;&nbsp;&nbsp;&nbsp;NO&nbsp;&nbsp; <font style="FONT-FAMILY: 'WINGDINGS'">&uml;</font></font></p>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (&sect; 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such
        files).&nbsp;&nbsp;&nbsp;&nbsp;YES&nbsp;&nbsp;<font style="FONT-FAMILY: 'WINGDINGS'">&uml;</font>&nbsp;&nbsp;&nbsp;&nbsp;NO&nbsp;&nbsp;<font style="FONT-FAMILY: 'WINGDINGS'">&uml;</font> </font></p>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule 12b-2 of the Exchange Act. </font></p>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="25%"><font size="2">Large accelerated filer&nbsp;<font face="Wingdings">o</font></font></td>

                <td width="25%"><font size="2">Accelerated filer&nbsp;&nbsp;<font style="FONT-FAMILY: 'WINGDINGS'">&uml;</font></font></td>

                <td width="25%"><font size="2">Non-accelerated filer&nbsp;&nbsp;<font style="FONT-FAMILY: 'WINGDINGS'">&uml;</font></font></td>

                <td width="25%"><font size="2">Smaller reporting company&nbsp;&nbsp;<font style="FONT-FAMILY: 'WINGDINGS'">x</font> </font></td>
            </tr>
        </table>
        <br>
        <br>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2).&nbsp;&nbsp;&nbsp;&nbsp;YES&nbsp;<font face="Wingdings">o</font>&nbsp;&nbsp;&nbsp;&nbsp;NO&nbsp;&nbsp;<font style="FONT-FAMILY: 'WINGDINGS'">x</font> </font></p>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Indicate the number of shares outstanding of each of the issuer&rsquo;s classes of common stock, as of the latest practicable date. </font></p>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">137,275,494 shares of Common Stock as of November 17, 2010 </font></p>
        <!-- NEXT PAGE SECTION BREAK  -->

        <p></p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            &nbsp;
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 5pt; TEXT-INDENT: -12px; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0.2in" align="left"><font size="2">Table of Contents</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2"><b>VIVAKOR</b><b>, INC.</b> </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b><a name="toc"></a><font size="2">INDEX </font></b><font size="2">&nbsp;</font></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
            <tr>
                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: #000000 0.8pt solid" valign="bottom" width="9%">
                    <p align="center"><font size="2"><b>Page</b><br>
                    <b>Number</b></font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" colspan="3">
                    <p align="left"><b><font size="2">PART I. FINANCIAL INFORMATION</font></b></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%">
                    <p align="left"><font size="2">Item 1.</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><font size="2">Financial Statements and Notes (Unaudited)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2"><font size="2">3</font></font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><a href="#balance"><font size="2"><font size="2">Condensed Consolidated Balance Sheets &mdash; September 30, 2010 and December 31, 2009</font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">3</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><a href="#operations"><font size="2"><font size="2">Condensed Consolidated Statements of Operations Three and nine months ended September 30, 2010 and 2009</font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">4</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><a href="#cashflows"><font size="2"><font size="2">Condensed Consolidated Statements of Cash Flows &mdash; Nine months ended September 30, 2010 and 2009</font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">5</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><a href="#notes"><font size="2"><font size="2">Notes to Condensed Consolidated Financial Statements</font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">6</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%">
                    <p align="left"><font size="2">Item 2.</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><a href="#mda"><font size="2"><font size="2">Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations</font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">15</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%">
                    <p align="left"><font size="2">Item 3.</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><a href="#risks"><font size="2"><font size="2">Quantitative and Qualitative Disclosures About Market Risks</font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">23</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%">
                    <p align="left"><font size="2">Item&nbsp;4T.</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><a href="#item4t"><font size="2"><font size="2">Controls and Procedures</font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">23</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" colspan="3"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" colspan="3">
                    <p align="left"><b><font size="2">PART II. OTHER INFORMATION</font></b></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="80%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%">
                    <p align="left"><font size="2">Item 1.</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><a href="#item1"><font size="2"><font size="2">Legal Proceedings </font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">24</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%">
                    <p align="left"><font size="2">Item 2.</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><a href="#item2"><font size="2"><font size="2">Unregistered Sale of Equity Securities and Use of Proceeds</font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">24</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%">
                    <p align="left"><font size="2">Item 3.</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><a href="#item3"><font size="2"><font size="2"><font size="2">Defaults Upon Senior Securities </font></font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">24</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%">
                    <p align="left"><font size="2">Item 4.</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><font size="2">(Removed and Reserved)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">24</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%">
                    <p align="left"><font size="2">Item 5.</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><a href="#item5"><font size="2"><font size="2">Other Information </font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">24</font></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="80%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="9%">
                    <p align="left"><font size="2">Item 6.</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="80%">
                    <p align="left"><a href="#item6"><font size="2"><font size="2">Exhibits </font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">24</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 6pt">
                <td valign="middle" colspan="3"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" colspan="3">
                    <p align="left"><a href="#signatures"><font size="2"><font size="2">SIGNATURES </font></font></a></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="center"><font size="2">25</font></p>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p style="MARGIN-TOP: 10.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Item&nbsp;1A of Part II has been omitted based on the Company&rsquo;s status as a &ldquo;smaller reporting company.&rdquo; </font></p>

        <p></p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            &nbsp;
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">PART I. FINANCIAL INFORMATION</font></b></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="9%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">Item&nbsp;1.</font></b></p>
                </td>

                <td valign="top" width="91%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">Financial Statements</font></b></p>
                </td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>
        <b><a name="balance"></a></b>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b><font size="2">Vivakor, Inc.</font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">Condensed Consolidated Balance Sheets<br>
        </font></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="bottom" width="70%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="12%">
                    <p align="center"><b><font size="2">September 30, 2010</font></b></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="12%">
                    <p align="center"><font size="2"><b>December</b> <b>31, 200</b><b>9</b></font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="center"><font size="2">(Unaudited)</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Assets&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Current assets</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Cash and cash equivalents</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">561</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">187,646</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Accounts receivable</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">41,234</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Inventories</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">7,781</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">38,860</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Deferred loan costs</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">6,500</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Prepaid expenses and deposits</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">7,592</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 1in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 2" align="left">Total current assets</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">56,076</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">234,098</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Investment in unconsolidated affiliate</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">307,915</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">307,915</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Property and equipment, net</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">85,207</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Patents, net</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">2,287,643</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">2,844,097</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp; </font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">2,651,634</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">3,471,317</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Liabilities and Stockholders' Equity</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr height="17" bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Current liabilities</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Accounts payable</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">191,886</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">243,612</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Accrued wages</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">730,077</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">828,018</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Dividend payable related to investment</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">307,915</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Deferred revenue</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">102,638</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">132,554</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Loans and advances from related parties</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">19,097</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">347,572</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Grant payable</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">166,789</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">159,487</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Note payable</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">505,058</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Convertible notes payable</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">107,316</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Fair value of share conversion feature</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">114,615</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 1in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 2" align="left">Total current liabilities</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">1,740,333</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">2,216,301</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Deferred revenue</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">122,228</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">199,207</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Deferred income taxes</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">800,675</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">995,434</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 1in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 2" align="left">Total liabilities</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">2,663,236</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">3,410,942</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Commitments </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Stockholders' equity:</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Preferred stock, $.001 par value; 10,000,000 shares authorized;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">&nbsp;&nbsp;&nbsp;&nbsp; none issued and outstanding</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Common stock, $.001 par value; 242,500,000 shares</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">&nbsp;&nbsp;&nbsp;&nbsp; authorized; 101,379,996 shares in 2010</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">&nbsp;&nbsp;&nbsp;&nbsp; and 62,992,322 in 2009, issued and outstanding (4,459,000 held in escrow in 2010)</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">99,240</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">62,992</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Additional paid-in capital</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">5,507,553</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">4,224,141</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Notes receivable</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(1,040,541</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(1,329,518</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Accumulated deficit</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">(4,998,879</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">(3,420,661</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">)</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 1in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 2" align="left">Total Vivakor, Inc. stockholders' equity</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(432,627</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">)&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left"></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(463,046</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Noncontrolling interest</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">421,025</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">523,421</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 1in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 2" align="left">Total stockholders' equity</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%"><font size="2">&nbsp; &nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">(11,602</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">60,375</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">2,651,634</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">3,471,317</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">See accompanying notes.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><i>Note: The balance sheet as of December&nbsp;31, 2009 has been derived from the audited financial statements at that date, but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.</i><font style="COLOR: #000000">&nbsp;</font></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">3</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>
        <b><a name="operations"></a></b>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b><font size="2">Vivakor, Inc.</font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">Condensed Consolidated Statements of Operations</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">(Unaudited)</font><br>
        <br>
        </p>

        <p></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
            <tr>
                <td valign="bottom" width="52%">
                    <p align="left"><font style="COLOR: #000000" size="2">&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: #000000 0.8pt solid" valign="bottom" colspan="6">
                    <p align="center"><font size="2"><b>Three months ended<br>
                    </b><b>September</b><b>&nbsp;30,</b></font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: #000000 0.8pt solid" valign="bottom" colspan="6">
                    <p align="center"><font size="2"><b>Nine</b> <b>months ended<br>
                    </b><b>September</b><b>&nbsp;30,</b></font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="52%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: #000000 0.8pt solid" valign="bottom" colspan="2">
                    <p align="center"><font size="2"><b>20</b><b>10</b></font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: #000000 0.8pt solid" valign="bottom" colspan="2">
                    <p align="center"><font size="2"><b>200</b><b>9</b></font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: #000000 0.8pt solid" valign="bottom" colspan="2">
                    <p align="center"><font size="2"><b>20</b><b>10</b></font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: #000000 0.8pt solid" valign="bottom" colspan="2">
                    <p align="center"><font size="2"><b>200</b><b>9</b></font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Revenues:</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Product sales</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">10,148&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">135,650&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">30,435&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">License fees</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">25,660&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">76,979&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Grant revenue</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">38,212&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">112,912&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 1in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 2" align="left">Total revenues</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">25,660&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">48,360&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">212,629&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">143,347&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="52%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Cost of revenues</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><i><font size="2">&nbsp;&nbsp;</font></i></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="9%">
                    <p style="MARGIN-RIGHT: 0px" dir="ltr" align="right"><font size="2">8,657&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">107,859&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">24,148&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Gross profit</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">25,660&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">39,703&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">104,770&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">119,199&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Operating expenses:</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Research and development</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">198,203&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">288,267&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">714,393&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">870,838&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Sales and marketing</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">1,029&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">55,542&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">2,859&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">56,033&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">General and administrative</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">366,077&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">332,076&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">1,114,419&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">623,509&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 1in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 2" align="left">Total operating expenses</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">565,309&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">675,885&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">1,831,671&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">1,550,380&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="52%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Loss from operations</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(539,649)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(636,182)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(1,726,901)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(1,431,181)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Abandoned offering costs</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(111,316)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Loss on disposition of assets</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(64,678)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(64,678)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Gain on settlement with officer</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">343,260&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">343,260&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Interest income</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">4,510&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">15,160&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">-&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Interest expense</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">(58,876)</font></p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">(24,981)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">(134,299)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">(64,222)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Loss before income tax</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(315,433)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(661,163)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(1,567,458)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(1,606,719)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Benefit for income taxes</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">(64,920)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">(64,920)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">(194,759)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">(194,759)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Net loss</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(250,513)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(596,243)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(1,372,699)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="right"><font size="2">(1,411,960)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr height="18" bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Less: Net loss attributable to the noncontrolling interest </font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">(34,132)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">(4,992)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">(102,396)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="9%">
                    <p align="right"><font size="2">(14,974)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Net loss attributable to Vivakor, Inc.</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
                    <p align="right"><font size="2">(216,381)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
                    <p align="right"><font size="2">(591,251)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
                    <p align="right"><font size="2">(1,270,303)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
                    <p align="right"><font size="2">(1,396,986)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="52%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="52%">
                    <p align="left"><font size="2">Net loss per share:</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="9%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Basic and diluted</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
                    <p align="right"><font size="2">(0.00)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
                    <p align="right"><font size="2">(0.01)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
                    <p align="right"><font size="2">(0.02)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
                    <p align="right"><font size="2">(0.03)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="52%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="9%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="middle" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="52%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Weighted average shares - Basic and diluted</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
                    <p align="right"><font size="2">91,122,800&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
                    <p align="right"><font size="2">53,957,937&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
                    <p align="right"><font size="2">76,223,670&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
                    <p align="right"><font size="2">51,700,163&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">See accompanying notes </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">4</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>
        <b><a name="cashflows"></a></b>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2"><strong>Vivakor, Inc.</strong></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">Condensed Consolidated Statements of Cash Flows</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">(Unaudited)</font></p>
        <!-- PAGE BREAK  -->

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="bottom" width="70%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6">
                    <p align="center"><font size="2"><b>Nine months ended</b> <b>September</b> <b>3</b><b>0</b><b>,</b></font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp; </font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
                    <p align="center"><b><font size="2">2010</font></b></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
                    <p align="center"><b><font size="2">2009</font></b></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Operating Activities</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" colspan="2">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" colspan="2">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Net loss&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(1,372,699</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(1,411,960</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Depreciation and amortization</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">592,483</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">576,983</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Loss on disposition of assets</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">64,678</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Gain on settlement with officer</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(343,260</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Write-off of previously capitalized deferred offering costs</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">111,316</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Services received as payment on notes receivable</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">22,500</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Common shares issued for services received</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">518,559</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">57,500</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Stock option compensation expense</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">130,336</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">126,801</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Gain on change in fair value of conversion liability</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(26,164</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Interest added to notes payable</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">131,339 </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">69,185</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Interest added to notes receivable</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(15,043</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(5,238</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Deferred income taxes</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(194,759</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(194,759</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Adjustments to reconcile net loss to net cash used</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">in operating activities:</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Changes in operating assets and liabilities:</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Accounts receivable</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(41,234</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(5,084</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Inventory</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">31,079</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(3,099</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Prepaid expenses</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">7,592</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(10,145</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Accounts payable</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">17,124</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">45,617</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Accrued wages</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">245,319</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">432,811</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Deferred revenue</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(106,895</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 3.5pt" bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Loans and advances from related parties</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp; </font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">17,960</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp; </font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">40,232</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Net cash used in operating activities</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">(343,585</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">(147,340</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Investing activities- Payments received from notes receivable</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">11,000</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">755</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Financing activities</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Payments on note payable</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(18,000</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Proceeds from sale of common stock</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">149,575</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Proceeds from issuance of convertible notes</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">167,500</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp; </font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Payments of loan fees and offering costs</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">(22,000</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">(61,360</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">)</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Mar Ind Lev 1" align="left">Net cash provided by financing activities</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">145,500</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">70,215</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Net change in cash and cash equivalents</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(187,085</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right"><font size="2">(76,370</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">)&nbsp; </font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Cash and cash equivalents- beginning of period</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">187,646</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
                    <p align="right"><font size="2">145,669</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 36px; FONT-SIZE: 10pt; EEPStyleName: 36px Indent" align="left">Cash and cash equivalents- end of period</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">561</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">69,299</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p align="left"><font size="2">Noncash transactions<b>:</b> </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="12%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Offset of accounts and notes payable with note receivable</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">293,020</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Issuance of common shares upon conversion of notes payable</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">36,627</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Issuance of common shares to settle notes payable</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">510,839</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Issuance of common shares for reduction of related party loan</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">108,849</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Issuance of common shares for reduction of advances payable</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">50,000</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Dividend payable related to investment</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">307,915</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left"><font size="2">&nbsp;</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Issuance of common shares in exchange for notes receivable</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">1,341,845</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="bottom" width="70%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 18px; FONT-SIZE: 10pt; EEPStyleName: 18px Indent" align="left">Issuance of common shares for reduction of note payable</p>
                </td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
                    <p align="right"><font size="2">1,015,663</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%"><font size="2">&nbsp;</font></td>
            </tr>
        </table>
        <br>
        <br>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">See accompanying notes.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">5</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>
        <b><a name="notes"></a></b>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2"><b>Vivakor, Inc</b><b>.</b></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">Notes to Condensed Consolidated Statements</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">(Unaudited)</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><b>1.&nbsp;&nbsp;&nbsp;&nbsp; Organization and Basis of Presentation</b></font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Vivakor, Inc. (collectively &ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our,&rdquo; &ldquo;Vivakor&rdquo; or the &ldquo;Company&rdquo;) is a Nevada corporation with offices in Pleasant Hill, Iowa and Irvine, California and is a trans-disciplinary biomedical company that is involved in the
        discovery, development and commercialization of a broad range of medical devices and pharmaceuticals to improve human health. The Company also performs contract research services and development in molecular biology and devices engineering. </font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and pursuant to the rules and regulations of the Securities and Exchange
        Commission. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full fiscal
        year. These consolidated interim financial statements should be read in conjunction with the Company&rsquo;s financial statements and notes thereto for the fiscal year ended December&nbsp;31, 2009. </font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><i><font size="2">Going Concern</font></i></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern. This basis of accounting contemplates the recovery of the Company&rsquo;s assets and the satisfaction of its liabilities in the normal course of business.
        Since<b>&nbsp;</b> inception, the Company has been engaged in obtaining financing, recruiting personnel, establishing office facilities and research and development activities.&nbsp;&nbsp;During the first quarter of 2008, the Company commenced providing research services and, during the fourth quarter of 2008, the Company commenced a capital formation activity that was terminated in April 2009 with no cash proceeds being received by the Company.&nbsp;&nbsp;On August 12, 2009 the Company
        commenced a second capital formation activity which, as of September 30, 2010 resulted in $319,714 in net cash proceeds received and $1,341,845 in notes receivable.&nbsp;&nbsp;The notes originally matured in October 2009 and were extended to January 31, 2010.&nbsp;&nbsp;&nbsp;As of September 30, 2010, the remaining note balances, including interest total $1,040,541 and they are continuing to accrue on a month-to-month basis. There is no assurance that the remaining amounts receivable
        under the notes will be collected by the Company when due.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The Company does not have sufficient cash on hand to fund its administrative and other operating expenses or its proposed research and development and sales and marketing programs for the next twelve months. The Company&rsquo;s ability to become a profitable operating company is dependent upon
        obtaining financing adequate to fulfill its research and market introduction activities, and achieving a level of revenues adequate to support the Company&rsquo;s cost structure. Management intends to finance the Company&rsquo;s operations from loans and advances from current stockholders, future public and private debt and equity offerings, proceeds from product sales and research and development services provided to others or from strategic arrangements with third
        parties.&nbsp;&nbsp;However, there can be no assurance that additional capital will be available, which may affect the Company&rsquo;s ability<b>&nbsp;</b> to continue as a going concern. The Company currently has no agreements, arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any other sources. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the
        recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.</font></p>

        <p></p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">6</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp; Summary of Significant Accounting Policies</font></b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><i><font size="2">Principles of Consolidation<br>
        </font></i></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The accompanying consolidated financial statements include the accounts of Vivakor, Inc., its wholly owned subsidiaries Vivasight, Inc., Vivathermic, Inc. and Vivaventures, Inc., all of which were formed on February 19, 2009,&nbsp;&nbsp;and its majority owned subsidiary, HealthAmerica, Inc.
        (&ldquo;HealthAmerica&rdquo;), a Nevada corporation.&nbsp;&nbsp;On October&nbsp;20, 2008, the Company acquired approximately 84% of HealthAmerica&rsquo;s outstanding shares.&nbsp;&nbsp;On December 9, 2009, the Company distributed a number of its shares of HealthAmerica common stock to its stockholders of record on December 1, 2009, reducing its interest in HealthAmerica to approximately 62% .&nbsp;&nbsp;&nbsp;All intercompany transactions have been eliminated in consolidation.
        Vivasight, Vivathermic and Vivaventures are all currently inactive.&nbsp;&nbsp;Since certain related parties held interests in HealthAmerica prior to its acquisition by Vivakor, the noncontrolling interest in HealthAmerica&rsquo;s net operating results is calculated at approximately 4% through December 9, 2009 and approximately 28% thereafter of amortization expense on the acquired HealthAmerica patent and the related deferred income tax benefit, and approximately 16% of
        HealthAmerica&rsquo;s remaining operating results through December 9, 2009 and approximately 38% thereafter.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Investments in which the Company does not exercise significant influence over the investee are accounted for using the cost method of accounting.&nbsp;&nbsp;At December 31, 2009, the Company held a noncontrolling interest in Regeneca International, Inc., a private company, which is accounted
        for using the cost method and is included in Investment in Unconsolidated Affiliate.&nbsp;&nbsp;All of the Regeneca shares held at December 31, 2009 were intended to be distributed to our shareholders of record on April 22, 2010. The Company is awaiting FINRA approval to complete the dividend distribution. An application has been filed with FINRA and the Company is awaiting approval for an expected record date of November 22, 2010 and an expected distribution date of December 2, 2010.
        The undistributed dividend is reflected as dividend payable at September 30, 2010. Management has determined that the effect of this dividend is not material to the overall financial statements and has not reflected this change in the Company&rsquo;s financial statements on form 10Q for the quarter ended June 30, 2010.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><b><i>Accounts</i></b> <b><i>receivables:</i></b></font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2"><font style="COLOR: #000000">Accounts</font> <font style="COLOR: #000000">receivables are carried at original invoice amount less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis.&nbsp;&nbsp;Management determines the allowance for
        doubtful accounts by identifying troubled accounts and by using historical experience applied to an aging of accounts.&nbsp;&nbsp;Accounts</font> <font style="COLOR: #000000">receivables are written off when deemed uncollectible.&nbsp;&nbsp;Recoveries of trade receivables previously written off are recorded when received.&nbsp;&nbsp;The allowance for doubtful accounts was zero at </font>September <font style="COLOR: #000000">30, 2010 and December 31, 2009.</font></font></p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><i><font size="2">Inventories</font></i></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Inventories are stated at the lower of cost or market. Cost is based on the first in, first out method. The Company regularly reviews inventory quantities on hand and, when required, provisions are made to reduce excess and obsolete inventories to their estimated net realizable value.&nbsp;No
        provision was recorded at September 30, 2010 or December 31, 2009. At September 30, 2010 inventories consist of $1,955 in raw materials, $1,532 in work in process and $4,294 in finished goods. At December 31, 2009 inventories consist of $1,955 in raw materials, $34,582 in work in process and $2,323 in finished goods. </font></p>

        <p></p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">7</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><b><i>Deferred</i></b> <b><i>Loan</i></b> <b><i>Costs</i></b></font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Deferred loan costs are amortized to interest expense using the effective interest method over the term of the related debts.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><i><font size="2">Convertible Instruments</font></i></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The Company reviews the terms of convertible debt and preferred stock for indications requiring bifurcation, and separate accounting for the embedded conversion feature. Generally, embedded conversion features where the ability to physical or net-share settle the conversion option is not within
        the control of the Company or the number of shares is variable are bifurcated and accounted for as derivative financial instruments. (See <u>Derivative Financial Instruments</u> below). Bifurcation of the embedded derivative instrument requires allocation of the proceeds first to the fair value of the embedded derivative instrument with the residual allocated to the host instrument.&nbsp;&nbsp;The resulting discount to the debt instrument or to the redemption value of convertible
        preferred securities is accreted through periodic charges to interest expense over the term of the note or to dividends over the period to earliest conversion date using the effective interest rate method, respectively.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><i><font size="2">Derivative Financial Instruments</font></i></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The Company does not use derivative financial instruments to hedge exposures to cash-flow or market risks. However, certain other financial instruments, such as warrants to purchase the Company&rsquo;s common stock and the embedded conversion features of debt and preferred instruments that are
        not considered indexed to the Company&rsquo;s common stock are classified as liabilities when either (a) the holder possesses rights to net-cash settlement, (b) physical or net share settlement is not within the control of the Company, or (c) based on its anti-dilutive provisions.&nbsp;&nbsp;In such instances, net-cash settlement is assumed for financial accounting and reporting. Such financial instruments are initially recorded at fair value and subsequently adjusted to fair value at
        the close of each reporting period. Fair value for option-based derivative financial instruments is determined using the Black-Scholes Option Pricing Model.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Other convertible instruments that are not derivative financial instruments are accounted for by recording the intrinsic value of the embedded conversion feature as a discount from the initial value of the instrument and accreting it back to face value over the period to the earliest conversion
        date using the effective interest rate method.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><i><font size="2">Revenue Recognition</font></i></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The Company recognizes revenue when all four of the following criteria are met: (i)&nbsp;persuasive evidence that an arrangement exists; (ii)&nbsp;delivery of the products and/or services has occurred; (iii)&nbsp;the fees earned can be readily determined; and (iv)&nbsp;collectability of the
        fees is reasonably assured. The Company recognizes revenue from research contracts as services are performed under the agreements. The Company records grant revenues as the expenses related to the grant projects are incurred. Up front license fee revenues are deferred and recognized over the term of the license on a straight-line basis.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><i><font size="2">Stock-Based Compensation</font></i></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The compensation cost for all stock-based awards is measured at the grant date, based on the fair value of the award, and is recognized as an expense in the statements of operations, on a straight-line basis, over the employee&rsquo;s requisite service period (generally the vesting period of
        the equity award), which is generally two to three years.&nbsp;&nbsp;The fair value of each option award is estimated on the date of grant using a Black-Scholes option valuation model.&nbsp;&nbsp;Stock-based compensation expense is recorded only for those awards expected to vest using an estimated forfeiture rate.&nbsp;&nbsp;Pre-vesting option forfeitures are estimated at the time of grant and are reflected in stock-based compensation expense recognized in the consolidated statements of
        operations.</font></p>

        <p></p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">8</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><i><font size="2">Net Loss Per Share</font></i></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Basic net loss per share is calculated by dividing the net loss by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. Diluted net loss per common share is computed by dividing the net loss by the weighted-average number
        of common share equivalents outstanding for the period determined using the treasury-stock method if their effect is dilutive.&nbsp;&nbsp;For the three and nine&nbsp;months ended September 30, 2010 and 2009, the effect of all stock-based awards were anti-dilutive due to the net loss incurred and therefore, they were not included in the computation of per share amounts.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><i><font size="2">Use of Estimates</font></i></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual
        results could differ from those estimates.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><b>3.&nbsp;&nbsp;&nbsp;&nbsp; Loans and Advances From Related Parties and Other Related Party Transactions</b></font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Loans and advances from related parties consist of the following:</font></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="80%" align="center">
            <tr>
                <td valign="bottom" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="center">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2">
                    <p align="center"><font size="2"><b>September 30,<br>
                    2010</b> </font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="center">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2">
                    <p align="center"><b><font size="2">December 31, <br>
                    2009</font></b></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="center">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" colspan="2">
                    <p align="left"><font size="2">Advances payable to stockholders/officers</font></p>
                </td>

                <td valign="top" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="1%">
                    <p align="right"><font size="2">$</font></p>
                </td>

                <td valign="top" width="12%">
                    <p align="right"><font size="2">19,097</font></p>
                </td>

                <td valign="top" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="1%">
                    <p align="right"><font size="2">$</font></p>
                </td>

                <td valign="top" width="12%">
                    <p align="right"><font size="2">239,757</font></p>
                </td>

                <td valign="top" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" colspan="2">
                    <p align="left"><font size="2">Note payable to stockholder</font></p>
                </td>

                <td valign="top" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td valign="top" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="12%">
                    <p align="right"><font size="2">107,815</font></p>
                </td>

                <td valign="top" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="70%"><font size="2">&nbsp;</font></td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="1%">
                    <p align="right"><font size="2">$</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="12%">
                    <p align="right"><font size="2">19,097</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="1%">
                    <p align="right"><font size="2">$</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="12%">
                    <p align="right"><font size="2">347,572</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>
        </table>
        <br>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left">Advances payable to stockholders/officers are noninterest bearing and represent cash advances directly to the Company as well as Company expenditures (primarily payroll, legal fees, lab and office equipment and supplies) that were paid for directly by the stockholders on behalf of the Company. During the
        first quarter of 2010, $238,620 in advances payable to stockholders was offset with $238,620 in notes receivable from stockholders.</p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">On June 30, 2008, the Company purchased office and lab furniture and equipment from a stockholder at a total cost of $87,450. The stockholder financed the equipment with a note agreement that that is secured by the assets purchased. The note bore interest at 14% per annum and was due on
        December 31, 2008. The note was not paid on December 31, 2008 and continued on a month to month basis. The note contained a contingent beneficial conversion feature that gives the note holder the option to be repaid with common stock with piggyback registration rights if the Company is unable to repay the balance due upon maturity. The number of shares to be issued in this case would be equal to the outstanding principal plus accrued and unpaid interest divided by 80% of the average
        stock price 30 days prior to the maturity date. Interest expense during the three months ended March 31, 2010 and 2009 totaled $910 and $3,276, respectively and was added to the note balance. In the first quarter 2010, the note holder assigned the note to another shareholder in the Company, the assignee exercised the conversion feature option and the outstanding note balance plus accrued interest of $108, 849 at the time of conversion was settled for 837,301 shares of common
        stock.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">During the three and nine months ended September 30, 2010, all license fee and product sales revenues were from Regeneca International, Inc., a company that we entered into a license agreement with in December 2009. As part of the license agreement, we were issued approximately 15% of
        Regeneca&rsquo;s outstanding shares and all of the shares we held in Regeneca were intended to be distributed to our shareholders in the form of a dividend on April 22, 2010. The Company is awaiting FINRA approval to complete the dividend distribution. An application has been filed with FINRA and the Company is awaiting approval for an expected record date of November 22, 2010 and an expected distribution date of December 2, 2010. The undistributed dividend is reflected as dividend
        payable at September 30, 2010. One of our officers at March 31, 2010 was also a stockholder of Regeneca. There were no revenues from related parties during the nine months ended September 30, 2009. </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">9</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">During the three and nine months ended September 30, 2010, the Company engaged a consultant, that is also a stockholder of the Company, to provide financial consulting and investor relations services. Total consulting fees incurred to this stockholder totaled $60,000 and $149,000 during the
        three and nine months ended September 30, 2010.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">During the nine months ended September 30, 2010, the Company engaged another consultant that is a stockholder to provide certain administrative and investor relations services. Total fees incurred to this stockholder totaled zero and $11,150 during the three and nine months ended September 30,
        2010.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">4.&nbsp;&nbsp;&nbsp;&nbsp; Note Payable</font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The note payable was incurred in connection with the acquisition of 84% of HealthAmerica&rsquo;s outstanding shares on October 20, 2008, was non-recourse and was secured by the acquired HealthAmerica shares and all of HealthAmerica&rsquo;s assets. The note bore interest at 4% per annum and
        required the Company to make monthly payments of $25,000. In addition, every 90 days, the Company is required to make additional note payments equal to 10% of the gross proceeds received from any sales of equity or debt securities, or any sale or licensing of products or technology until all outstanding principal and interest are repaid. As of March 31, 2010 the Company had not made all of the required monthly payments under the agreement and the Company remained in arrears subsequent
        to March 31, 2010. In May 2010, the Company and note holder agreed to convert the entire note payable balance into 12,770,975 shares of common stock at $0.04 per share.</font></p>

        <p></p>

        <p align="left"><b><font size="2">5.&nbsp;&nbsp;&nbsp;&nbsp; Convertible Notes Payable</font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">On February 4, 2010, the Company entered into a $50,000 convertible promissory note.&nbsp;&nbsp;The note bears interest at 8% per annum, matures on November 4, 2010 and, at the holder&rsquo;s option, may be converted into shares of common stock.&nbsp;&nbsp;The conversion price is generally
        equal to 58% of the average of the lowest three closing bid price on the Over-the-Counter Bulletin Board in the ten day trading period prior to the date of the notice of conversion.&nbsp;&nbsp;This note also has anti-dilution provisions such that the conversion price may be reduced in the event the Company issues or sells shares at a price below the conversion price.&nbsp;&nbsp;The Company has accounted for the conversion feature as an embedded derivative instrument requiring it to be
        separated from the note payable and reported at fair value.&nbsp;&nbsp;The fair value of the conversion feature at issuance was $46,930.&nbsp;&nbsp;The share conversion liability is subject to recurring fair value adjustments each reporting period (See note 9 &ndash; Assets and Liabilities at Fair Value).&nbsp;&nbsp;The discount is amortized over the life of the note payable using the effective interest method and recorded as interest in the statement of operations.&nbsp;&nbsp;The note
        may not be prepaid without the holder&rsquo;s consent and is subject to a prepayment penalty.&nbsp;&nbsp;&nbsp;During the&nbsp;three and nine months ended September 30, 2010, total interest expense related to the accretion of the discount on the note payable was approximately$16,000 and $42,000, respectively.&nbsp;&nbsp;During the three months ended September 30, 2010, the holder converted $22,500 in principal into 4,454,398 shares of common stock. Subsequent to September 30, 2010, the
        holder converted the remaining $27,500 in principal into 13,895,498 shares of common stock.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">On March 29, 2010, the Company entered into a $60,000 convertible promissory note.&nbsp;&nbsp;The note bears interest at 8% per annum, matures on December 26, 2010 and, at the holder&rsquo;s option, may be converted into shares of common stock.&nbsp;&nbsp;The conversion price is generally equal
        to 58% of the average of the lowest three closing bid price on the Over-the-Counter Bulletin Board in the ten day trading period prior to the date of the notice of conversion.&nbsp;&nbsp;This note also has anti-dilution provisions such that the conversion price may be reduced in the event the Company issues or sells shares at a price below the conversion price.&nbsp;&nbsp;The Company has accounted for the conversion feature as an embedded derivative instrument requiring it to be
        separated from the note payable and reported at fair value.&nbsp;&nbsp;The fair value of the conversion feature at issuance was $56,339.&nbsp;&nbsp;The share conversion liability is subject to recurring fair value adjustments each reporting period (See note 9 &ndash; Assets and Liabilities at Fair Value).&nbsp;The discount is amortized over the life of the note payable using the effective interest method and recorded as interest in the statement of operations.&nbsp;&nbsp;The note may
        not be prepaid without the holder&rsquo;s consent and is subject to a prepayment penalty.&nbsp;&nbsp;&nbsp;During the&nbsp;three and nine months ended September 30, 2010, total interest expense related to the accretion of the discount on the note payable was approximately $19,000 and $44,000, respectively.&nbsp;&nbsp;The Company has reserved 3,154,980 shares of common stock to provide for the issuance of shares upon the full conversion of this note.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">10</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">On April 27, 2010, the Company entered into a $30,000 convertible promissory note.&nbsp;&nbsp;The note bears interest at 8% per annum, matures on January 28, 2011 and, at the holder&rsquo;s option, may be converted into shares of common stock.&nbsp;&nbsp;The conversion price is generally equal
        to 58% of the average of the lowest three closing bid price on the Over-the-Counter Bulletin Board in the ten day trading period prior to the date of the notice of conversion.&nbsp;&nbsp;This note also has anti-dilution provisions such that the conversion price may be reduced in the event the Company issues or sells shares at a price below the conversion price.&nbsp;&nbsp;The Company has accounted for the conversion feature as an embedded derivative instrument requiring it to be
        separated from the note payable and reported at fair value.&nbsp;&nbsp;The fair value of the conversion feature at issuance was $28,170.&nbsp;&nbsp;The share conversion liability is subject to recurring fair value adjustments each reporting period (See note 9 &ndash; Assets and Liabilities at Fair Value).&nbsp;&nbsp;The discount is amortized over the life of the note payable using the effective interest method and recorded as interest in the statement of operations.&nbsp;&nbsp;The note
        may not be prepaid without the holder&rsquo;s consent and is subject to a prepayment penalty.&nbsp;&nbsp;&nbsp;During the three and nine months ended September 30, 2010, total interest expense related to the accretion of the discount on the note payable was approximately $9,000 and $18,000, respectively.&nbsp;&nbsp;The Company has reserved 1,989,390 shares of common stock to provide for the issuance of&nbsp;shares upon the full conversion of this note.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">On May 14, 2010, the Company entered into a $27,500 convertible promissory note.&nbsp;&nbsp;The note bears interest at 8% per annum, matures on February 17, 2011 and, at the holder&rsquo;s option, may be converted into shares of common stock.&nbsp;&nbsp;The conversion price is generally equal
        to the lower of $0.03 or 58% of the average of the lowest three closing bid price on the Over-the-Counter Bulletin Board in the ten day trading period prior to the date of the notice of conversion.&nbsp;&nbsp;This note also has anti-dilution provisions such that the conversion price may be reduced in the event the Company issues or sells shares at a price below the conversion price.&nbsp;&nbsp;The Company has accounted for the conversion feature as an embedded derivative instrument
        requiring it to be separated from the note payable and reported at fair value.&nbsp;&nbsp;The fair value of the conversion feature at issuance was $25,813.&nbsp;&nbsp;The share conversion liability is subject to recurring fair value adjustments each reporting period (See note 9 &ndash; Assets and Liabilities at Fair Value).&nbsp;&nbsp;The discount is amortized over the life of the note payable using the effective interest method and recorded as interest in the statement of
        operations.&nbsp;&nbsp;The note may not be prepaid without the holder&rsquo;s consent and is subject to a prepayment penalty.&nbsp;&nbsp;&nbsp;During the three and nine months ended September 30, 2010, total interest expense related to the accretion of the discount on the note payable was approximately $9,000 and $13,000, respectively.&nbsp; The Company has reserved 2,750,000 shares of common stock to provide for the issuance of&nbsp;shares upon the full conversion of this
        note.</font></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><b><a name="OLE_LINK8"><font size="2">6.&nbsp;&nbsp;&nbsp;&nbsp; Equity Transactions</font></a></b><font size="2">&nbsp;</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In January 2010, the Company entered into an agreement with a consultant whereby the consultant is to provide various management consulting, business advisory, stockholder information and public relations services to the Company for a nine month period in exchange for 2,700,000 shares of the
        Company&rsquo;s common stock. The stock was issued to the consultant shortly after the agreement was executed and, in January, 2010, the Company filed a Registration Statement on Form S-8 with the Securities and Exchange Commission to register the 2,700,000 shares available under the consulting agreement. The consultant shall earn the shares at the rate of 300,000 shares per month and is also entitled to other fees, generally based on 5% of any funds raised or merger consideration
        received as a result of the consultant&rsquo;s efforts. No other fees were earned during the first quarter 2010.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In the first quarter 2010, the Company issued 837,301 shares of common stock upon the conversion of a note payable and accrued interest totaling $108,849 (Note 3).</font></p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">11</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In February 2010, the Company issued an aggregate of 190,000 shares in payment of current and prior services aggregating $37,950. </font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In April 2010, the company issued 300,000 common shares to each of two independent directors. The shares were valued at an aggregate of $54,000, which is being recognized as an expense on a straight-line basis over the 36 month vesting period.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In the second quarter 2010, the Company agreed to issue an aggregate of 4,835,000 shares, valued at $281,000, to various consultants for services performed and to be performed. </font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In May, 2010 the Company converted a $510,839 note payable into 12,770,975 common shares (Note 4).</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In July, 2010, the Company entered into an agreement with a consultant whereby the consultant is to provide various business advisory services to the Company for a four-month period in exchange for 5,000,000 restricted shares of the Company&rsquo;s common stock. The consultant is also entitled
        to other fees, generally based on 5% of any funds raised or merger consideration received as a result of the consultant&rsquo;s efforts.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In September 2010, the Company entered into an agreement with a consultant whereby the consultant is to provide various business advisory services to the Company for a six-month period in exchange for 6,000,000 shares of the Company&rsquo;s common stock. The stock was issued to the consultant
        shortly after the agreement was executed and, the Company filed a Registration Statement on Form S-8 with the Securities and Exchange Commission to register the shares issued under the consulting agreement. The consultant is also entitled to other fees, generally based on 5% of any funds raised or merger consideration received as a result of the consultant&rsquo;s efforts.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In September 2010, the Board of Directors approved the Vivakor 2010 Incentive Plan (the &ldquo;2010 Plan&rdquo;).&nbsp;&nbsp;The 2010 Plan authorizes the issuance of up to 50,000,000 shares of common stock.&nbsp;&nbsp;The 2010 Plan allows for the grant of tax-qualified incentive stock options,
        non-qualified stock options and restrictive stock and other stock-based awards to employees, directors and consultants of the Company.&nbsp;&nbsp;&nbsp;</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In September, 2010, the Company issued 1,000,000 shares under the 2010 plan to a vendor in payment of a $60,000 account payable balance to the vendor.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In October, 2010, the Company entered into agreements with three consultants whereby the consultants are to provide various business advisory services to the Company, each for a four-month period, in exchange for an aggregate of 8,000,000 shares of the Company&rsquo;s common stock under the
        2010 Plan and 4,000,000 restricted shares of the Company&rsquo;s common stock. The consultants are also entitled to other fees, generally based on 5% of any funds raised or merger consideration received as a result of the consultants&rsquo; efforts.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In October and November, 2010, the Company converted $27,500 in convertible note principal into 13,895,498 shares of common stock.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In November, 2010, the Company issued an aggregate of 10,000,000 shares of common stock to two investors for aggregate cash proceeds of $9,259.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">7.&nbsp;&nbsp;&nbsp;&nbsp;Income Taxes<br>
        </font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The income tax benefit of $64,920 and $194,759 for the three and nine months ended September 30, 2010, respectively, and of $64,920 and $194,759 for the three and nine months ended September 30, 2009, respectively, relates to the amortization of acquired HealthAmerica patents.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">As of September 30, 2010, net deferred tax assets were $968,000 with a related valuation allowance of $968,000. Deferred tax assets represent future tax benefits to be received when certain expenses and losses previously recognized in the financial statements become deductible under applicable
        income tax laws. The realization of deferred tax assets is dependent on future taxable income against which these deductions can be applied. The Company has established the valuation allowance because it is more likely than not that all or a portion of the deferred tax assets will not be realized. Periodic adjustments will be made to the valuation allowance in future periods if there are changes in the evidence of realizability.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">12</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The deferred tax liability of $801,000 at September 30, 2010 and $995,434 at September 30, 2009 consists of the difference in book and tax carrying value of the acquired HealthAmerica patents.</font></p>

        <p></p>

        <p align="left"><b><font size="2">8.&nbsp;&nbsp;&nbsp;&nbsp;Stock Incentive Program</font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">On October 23, 2008, the Board of Directors approved the Vivakor 2008 Incentive Plan (the &ldquo;2008 Plan&rdquo;). The 2008 Plan authorizes the issuance of up to 7,500,000 shares of common stock. The 2008 Plan allows for the grant of tax-qualified incentive stock options, non-qualified stock
        options and restrictive stock and other stock-based awards to employees, directors and consultants of the Company.&nbsp;&nbsp;&nbsp;In January, 2010, the Company filed a Registration Statement on Form S-8 with the Securities and Exchange Commission to register all of the shares available under the 2008 Plan. </font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">On April 19, 2010 the Board of Directors authorized the grant of 300,000 each to two of the Company&rsquo;s directors under the 2008 Plan. The aggregate shares granted were valued at $54,000 and vest quarterly over 36 months commencing April 1, 2010.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In September 2010, the Board of Directors approved the Vivakor 2010 Incentive Plan (the &ldquo;2010 Plan&rdquo;).&nbsp;&nbsp;The 2010 Plan authorizes the issuance of up to 50,000,000 shares of common stock.&nbsp;&nbsp;The 2010 Plan allows for the grant of tax-qualified incentive stock options,
        non-qualified stock options and restrictive stock and other stock-based awards to employees, directors and consultants of the Company.&nbsp;&nbsp;&nbsp;</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">As discussed in Note 6, the Company issued 1,000,000 shares in September 2010 and an additional 8,000,000 shares subsequent to September 30, 2010 under the 2010 Plan.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 5pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>9.</b> <b>Assets and Liabilities Measured at Fair Market Value</b>&nbsp;</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="justify"><font size="2">U.S. GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability to a third party with the same credit standing (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market
        participants on the measurement date. In many cases, the exit price and the transaction (or entry) price will be the same at initial recognition. However, in certain cases, the transaction price may not represent fair value. Fair value is a market-based measurement determined based on a hypothetical transaction at the measurement date, considered from the perspective of a market participant, not based solely upon the perspective of the reporting entity. When quoted prices are not used
        to determine fair value, consideration is given to three broad valuation techniques: (i) the market approach, (ii) the income approach, and (iii) the cost approach. Entities are required to determine the most appropriate valuation technique to use, given what is being measured and the availability of sufficient inputs. Inputs to fair valuation techniques are prioritized, allowing for the use of unobservable inputs to the extent that observable inputs are not available. The applicable
        guidance establishes a three-level hierarchy, based on the priority of the inputs to the respective valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). An asset or liability&rsquo;s classification within the fair value hierarchy is based on the lowest level of significant input to its valuation. The input levels are defined as
        follows:</font></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="10%">
                    <p align="justify"><font size="2">Level 1</font></p>
                </td>

                <td valign="top" width="90%">
                    <p align="justify"><font size="2">Unadjusted quoted prices in active markets for identical assets or liabilities.</font></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="10%">
                </td>

                <td valign="top" width="90%">
                </td>
            </tr>

            <tr>
                <td valign="top" width="10%">
                    <p align="justify"><font size="2">Level 2</font></p>
                </td>

                <td valign="top" width="90%">
                    <p align="justify"><font size="2">Quoted prices in markets that are not active or inputs that are observable either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities other than quoted prices in Level 1, quoted prices in markets that are not active, or other inputs that are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities.</font></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="10%">
                </td>

                <td valign="top" width="90%">
                </td>
            </tr>

            <tr>
                <td valign="top" width="10%">
                    <p align="justify"><font size="2">Level 3</font></p>
                </td>

                <td valign="top" width="90%">
                    <p align="justify"><font size="2">Unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities.&nbsp;&nbsp;Unobservable inputs reflect the reporting entity&rsquo;s own assumptions about the assumptions that market participants would use in pricing the asset or liability.&nbsp;&nbsp;Level 3 assets and liabilities include those whose values are determined using pricing models, discounted cash flow
                    methodologies, or similar techniques, as well as those for which the determination of fair value requires significant management judgment or estimation.</font></p>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">13</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="justify"><font size="2">Financial instruments which are measured at estimated fair value on a recurring basis in the condensed consolidated financial statements include an embedded share conversion feature.&nbsp;&nbsp;The fair value of the share conversion feature was determined by using the Black-Scholes Option
        Pricing Model.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="justify"><font size="2">Assets and liabilities measured at estimated fair value on a recurring basis and their corresponding fair value hierarchy is summarized as follows:&nbsp; </font></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="90%" align="center">
            <tr>
                <td style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none" valign="bottom" colspan="12">
                    <p align="center"><font size="2"><b>Fair Value Measurements at Reporting Date</b> <b>September</b> <b>30, 2010</b></font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" colspan="12">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" width="55%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: #000000 1.5pt solid; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none" valign="bottom" colspan="2">
                    <p align="center"><b><font size="2">Quoted Prices in </font></b><b><font size="2">Active Markets for </font></b><b><font size="2">Identical Assets <br>
                    </font></b><b><font size="2">(Level 1)</font></b></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: #000000 1.5pt solid; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none" valign="bottom" colspan="2">
                    <p align="center"><b><font size="2">Significant </font></b><b><font size="2">Unobservable </font></b><b><font size="2">Inputs <br>
                    </font></b><b><font size="2">(Level 3)</font></b></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: #000000 1.5pt solid; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none" valign="bottom" colspan="2">
                    <p align="center"><b><font size="2">Total F</font></b><b><font size="2">air Value</font></b></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="bottom" width="55%">
                    <p align="left"><font size="2">Liabilities - Share conversion feature</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="bottom" width="1%">
                    <p align="right">&nbsp;</p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none" valign="bottom" width="12%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="bottom" width="1%">
                    <p align="right">&nbsp;</p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="bottom" width="12%">
                    <p align="right"><font size="2">114,615</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="bottom" width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="bottom" width="12%">
                    <p align="right"><font size="2">114,615</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" dir="ltr" align="left"><font size="2">The Company has categorized its assets and liabilities measured at fair value into the three-level fair value hierarchy, as defined above, based upon the priority of inputs to respective valuation techniques.&nbsp;&nbsp;&nbsp;Liabilities included within level 3 of the fair value
        hierarchy presented in the preceding table include certain warrants and share conversion feature which require fair value on a recurring basis.&nbsp;&nbsp;The valuation methodology uses a combination of observable and unobservable inputs in calculating fair value.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" dir="ltr" align="left"><font size="2">The changes in level 3 liabilities measured at fair value on a recurring basis during the three and nine months ended September 30, 2010 are summarized as follows:</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="bottom">
                <td width="34%">
                </td>

                <td width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="11%">
                    <p align="center"><font size="2"><b>Balance<br>
                    </b><b>Beginning of</b> <b>Period</b></font></p>
                </td>

                <td width="1%">
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="11%">
                    <p align="center"><b><font size="2">Issuance</font></b></p>
                </td>

                <td width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="11%">
                    <p align="center"><font size="2"><b>(Gain) or Loss</b> <b>Recognized in</b> <b>Earning from Change in</b> <b>Fair Value</b></font></p>
                </td>

                <td width="1%">
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="11%">
                    <p align="center"><strong><font size="2">Conversion to Equity</font></strong></p>
                </td>

                <td width="1%">
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" width="1%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="11%">
                    <p align="center"><font size="2"><b>Balance<br>
                    </b><b>End of Period</b></font></p>
                </td>

                <td width="1%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td width="34%">
                    <p align="left"><font size="2">Share conversion feature</font></p>
                </td>

                <td width="1%"><font size="2">&nbsp;</font></td>

                <td width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td width="11%">
                    <p align="right"><font size="2">-</font></p>
                </td>

                <td width="1%"><font size="2">&nbsp;</font></td>

                <td width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td width="11%">
                    <p align="right"><font size="2">157,252</font></p>
                </td>

                <td width="1%"><font size="2">&nbsp;</font></td>

                <td width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td width="11%">
                    <p align="right"><font size="2">(26,164</font></p>
                </td>

                <td width="1%">
                    <p align="left"><font size="2">)</font></p>
                </td>

                <td width="1%"><font size="2">$</font></td>

                <td width="11%">
                    <p align="right"><font size="2">&nbsp;16,473</font></p>
                </td>

                <td width="1%"><font size="2">&nbsp;</font></td>

                <td width="1%">
                    <p align="left"><font size="2">$</font></p>
                </td>

                <td width="11%">
                    <p align="right"><font size="2">114,615</font></p>
                </td>

                <td width="1%">&nbsp;</td>
            </tr>
        </table>
        <br>
        <br>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="justify"><font size="2">For the three and nine months ended September 30, 2010, total unrealized gains of $7,497 and $26,164 are included in earnings in the Statement of Operations in interest expense. </font></p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">14</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><strong><font size="2">10. Disposition of Assets</font></strong></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="justify"><font size="2">During the third quarter of 2010 the Company announced that it relocated its executive offices to Irvine, California. The Company also moved its research offices to a new location in Iowa. In connection with the moves, the Company disposed of a majority of its fixed assets and recognized a
        loss on the disposition in the amount of $64,678. </font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="justify"><font size="2">In connection with the resignation of the Company&rsquo;s former Chief Executive Officer (the &ldquo;CEO&rdquo;) in September 2010, the Company and the CEO entered into a settlement and release agreement whereby, among other things, the CEO forgave $343,260 in unpaid accrued compensation. In
        addition the Company and the CEO entered into an asset purchase agreement whereby the CEO purchased for $1.00, all proprietary rights in and title to the formula commonly known as VivaBlend, including related trade secrets, formulations, tradenames, copyrights and patents.</font></p>

        <p></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><b><font size="2">11.&nbsp;&nbsp;&nbsp;&nbsp;Subsequent Events </font></b></p>

        <p></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">As discussed in Note 6, the Company issued an aggregate of 35,895,498 shares of common stock subsequent to September 30, 2010 to various investors and consultants for cash, services and conversions of debt.</font></p>

        <p></p>

        <p></p>
        <a name="mda"></a>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="10%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><a name="tx94689_5"></a><font size="2">Item&nbsp;2.</font></b></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations </font></b></p>
                </td>
            </tr>
        </table>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><font size="2"><i>The following discussion and analysis should be read in conjunction with the Financial Statements and Notes relating thereto appearing elsewhere in this report and with &ldquo;Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations&rdquo; presented in our Annual Report on Form 10-K for the
        fis</i><i>cal year ended December&nbsp;31, 2009</i><i>.</i> </font></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><b><font size="2">Introductory Note </font></b></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><font size="2">This Quarterly Report on Form 10-Q contains certain forward-looking statements within the meaning of Section&nbsp;27A of the Securities Act of 1933, as amended, and Section&nbsp;21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and we intend that such forward looking statements be subject to the safe harbors
        created thereby. These forward-looking statements, which may be identified by words including &ldquo;anticipates,&rdquo; &ldquo;believes,&rdquo; &ldquo;intends,&rdquo; &ldquo;estimates,&rdquo; &ldquo;expects,&rdquo; &ldquo;plans,&rdquo; and similar expressions include, but are not limited to, statements regarding (i)&nbsp;future research plans, expenditures and results, (ii)&nbsp;potential collaborative arrangements, (iii)&nbsp;the potential utility of our proposed products and
        (iv)&nbsp;the need for, and availability of, additional financing. </font></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><font size="2">The forward-looking statements included herein are based on current expectations, which involve a number of risks and uncertainties and assumptions regarding our business and technology. These assumptions involve judgments with respect to, among other things, future scientific, economic and competitive conditions, and future business
        decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized and actual results may differ materially. In light of the significant uncertainties inherent in the
        forward-looking information included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives or plans will be achieved. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events. Readers should carefully review the risk factors
        described in this and other documents that we file from time to time with the Securities and Exchange Commission including, without limitation, Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and subsequent Current Reports on Form 8-K. </font></p>

        <p></p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">15</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">General</font></b></p>

        <p></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Vivakor, Inc. is a transdisciplinary research company that develops products in the fields of molecular medicine, electro-optics, biological handling and natural and formulary compounds.&nbsp;&nbsp;We also provide contract research services for third parties.&nbsp; We had no employees or
        significant operations from our inception through March 15, 2008. In December 2009, we entered into a license agreement with Regeneca International Inc. (&ldquo;Regeneca&rdquo;) a new company that sells natural and organic infused products direct to consumer. Under the terms of the agreement, we obtained a 15% interest in Regeneca and Regeneca obtained exclusive worldwide distribution rights to sell and distribute our VivaBoost product in the direct-to-consumer market and has committed
        to purchase $5,000,000 of product over a thirty-six month period. In the event milestone sales targets are not met during the thirty-six month term, we have the right to modify or terminate the agreement. On October 20, 2008, we effectively acquired the assets (patents and technology related to medical record bar coding and magnetic resonance imaging (MRI) systems) of HealthAmerica, Inc. (&ldquo;HealthAmerica&rdquo;) by acquiring approximately 84% of HealthAmerica&rsquo;s outstanding
        shares. HealthAmerica has had no significant operations, within the last five years.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Our business model is to be a research hub focused on areas that have both an identified scientific need and a substantial market opportunity with a significant market.&nbsp;&nbsp;This approach is intended to provide the necessary environment of transdisciplinary collaboration and
        cross-pollination to advance research and technology acquisition. Our company mission is to create or acquire distinct intellectual property and technologies that improve the quality of life for individual patients, researchers, clinicians and consumers.&nbsp;&nbsp;We believe that the development and commercialization of substantive technologies and cures for complex human conditions, illnesses and diseases require a sophisticated approach with contribution from many areas of business
        and scientific expertise.&nbsp;&nbsp;&nbsp;&nbsp;Our research and the technology we acquire are anchored by our relationships with collaborative partners and product-specific commercialization strategies.&nbsp;&nbsp;From the commencement of product conception or acquisition, through development and commercialization, we expect to have collaborative partners or licensing arrangements in place for each of our products.&nbsp;&nbsp;We expect this model to provide several advantages to our
        stockholders, including: (i) a more efficient research and development process; (ii) a quicker time to market after completion of development; and (iii) the value-add growth to the hub company, Vivakor, through commercialization and subsidiary spin-off. We have commenced developing numerous products and currently have one pending utility patent related to the Company's cryovial technology.&nbsp;&nbsp;In October, 2008, we also acquired a patented MRI software technology that we currently
        intend to develop. We generally intend to commercialize our products, after completion of development and any required regulatory approvals, primarily through one of three methods:&nbsp;&nbsp;(i) a sale of the technology; (ii) licensing of the product to a manufacturer or distributor or; (iii) by manufacturing, marketing and directly selling the products ourselves.&nbsp;</font></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><b><font size="2">Product Research Divisions</font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Our research efforts are divided into four primary areas of medical and biotechnological development.&nbsp;&nbsp;These are:</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2"><b><i>1.&nbsp;&nbsp;Molecular Medicine.</i></b> The goal of this division centers on the development of biologically relevant molecules, tests and methods and their application in the practice of medicine.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">We plan to translate systems biology (genomics, proteomics, metabalomics, etc.) insights of the molecular and cellular basis of disease into commercializable theranostic (diagnostic/therapeutic) products. Vivakor scientists will be participants in the discovery and development of new drugs and
        the early diagnosis of disease states.&nbsp;</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The central aim of the molecular medicine division is cancer detection and wound healing, which we anticipate will lead to the development of customized treatments.&nbsp;&nbsp;Research in stem cell biology and nuclear reprogramming is a critical element in this research.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">16</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2"><b><i>2</i></b><b>.</b> <b><i>Electro-Optics</i></b><b>.</b>&nbsp;&nbsp;&nbsp;&nbsp;This division is charged with the development of biomedical and related consumer products that incorporate optical and electronic engineering.&nbsp;&nbsp;We have actively designed, built and tested several new
        electro-optic devices to reach previously un-served or underserved areas of the biomedical device market.&nbsp;&nbsp;Products scheduled for development in this area include:</font></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="5%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"></p>
                </td>

                <td valign="top" width="5%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">&#9679;</font></b></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">VivaSight: a digital photorefractor that is intended to modernize child vision screening. Approval has been granted from Western Institutional Review Board (20080731) to conduct human validation studies of our VivaSight technology on children.&nbsp;&nbsp;This study is currently being conducted at the University of Iowa Hospitals and Clinics.</font></p>
                </td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="5%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"></p>
                </td>

                <td valign="top" width="5%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">&#9679;</font></b></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Clinical Biomolecular Sensor (CBS): a label free multiplexed approach for use in the detection and diagnosis of complex human conditions (cancer, infectious diseases, cardiovascular disease, metabolic disorders, auto immune and inflammatory diseases)</font></p>
                </td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="5%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"></p>
                </td>

                <td valign="top" width="5%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">&#9679;</font></b></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">VivAuris: an optic technology platform to identify or indicate the potential of a middle ear infection.</font></p>
                </td>
            </tr>
        </table>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">With the acquisition of HealthAmerica&rsquo;s SLICES&trade; technology, we plan to adapt and upgrade this technology to produce enhanced MRI images, which we expect will improve MRI resolution. See Products and Development Status below.&nbsp;&nbsp; </font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2"><b><i>3.</i></b><b>&nbsp;</b> <b><i>Biological Handling</i></b>. We have developed commercial products for cryogenic preservation, and storage through our VivaThermic Cryovials (USPTO Utility Patent # 12423998). We plan to explore new techniques to improve methods and products employed for
        cryogenic preservation, storage and handling.&nbsp;&nbsp;Future research plans for this division include:</font></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="5%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"></p>
                </td>

                <td valign="top" width="5%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">&#9679;</font></b></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">stem cell specific improved cryovials;</font></p>
                </td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="5%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"></p>
                </td>

                <td valign="top" width="5%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">&#9679;</font></b></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">cryogenic devices for temperature maintenance and sample transport; and</font></p>
                </td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="5%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"></p>
                </td>

                <td valign="top" width="5%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">&#9679;</font></b></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">a cryogenic biopsy device (Cryopsy).</font></p>
                </td>
            </tr>
        </table>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2"><b><i>4.</i></b><b>&nbsp;</b> <b><i>Natural and Formulary Products.&nbsp;&nbsp;</i></b> &nbsp;&nbsp;&nbsp;&nbsp;To date, this division has developed two bioactive beverages in the nutraceutical/supplement space, VivaBlend and VivaBoost. VivaBlend is a highly concentrated extract of natural
        products rich in antioxidants and other phytochemicals. VivaBoost is a nutraceutical, bioactive beverage enriched with phytochemicals and antioxidants. In December 2009, Vivakor entered into an agreement with Regeneca International, Inc. giving Regeneca the exclusive rights to distribute VivaBoost in the direct-to-consumer market (VivaBoost is to be distributed by Regeneca its RegeneBlend product). Further work in this area will focus on the investigation, validation and adaptation of
        medical herbalism or botanical medicine into commercial products. In September 2010, all rights, title and interest in VivaBlend were sold to the Company&rsquo;s former CEO.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">Contract Research Services</font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">We have also performed contract research and development. This includes contracts to perform several studies to investigate and validate topical product claims.&nbsp;&nbsp;</font></p>

        <p></p>

        <p align="left"><b><font size="2">Research and Development</font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">During the nine months ended September 30, 2010 and 2009, we incurred $714,393 and $870,838 in costs related to research and development activities, respectively. Included in these amounts is acquired patent cost amortization of $556,454 in both periods. Provided we are able to raise the
        necessary capital, we expect to continue ongoing research and development activities for the foreseeable future. </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">17</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">We face a number of risks in moving our technology through research, development and commercialization. We have never been profitable on an annual basis and we do not anticipate profitability in the short term and will continue to require external funding, either from key corporate partnerships and licenses of our technology or from the private or public equity markets, debt from banking
        arrangements or some combination of these financing vehicles.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">Employees</font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">As of September 30, 2010, we had one employee, our Executive Chairman, who is also acting as the Chief Executive Officer and Chief Financial Officer. A number of consultants have been engaged to provide various business advisory and management services to assist the Executive Chairman in his
        responsibilities. We estimate that the successful implementation of our growth plan would require between six and ten additional employees. Our ability to add the needed employees is dependent on our ability to obtain the needed capital to support these employees and their efforts. We also plan to continue to retain and utilize the services of outside consultants as the need arises. None of our employees are represented by any collective bargaining unit.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">Plan of Operation</font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The Company plans on becoming a significant transdisciplinary biomedical/biotechnology company involved in the discovery, development, acquisition and commercialization of a broad range of biotechnology, and biomedical technologies as well as nutraceutical and molecular diagnostic technologies
        to improve human health.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">We intend to develop, manufacture and sell directly or indirectly through collaborative partners, the following types of products:</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="BORDER-BOTTOM: #000000 1.5pt solid" valign="top" width="25%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">PRODUCT</font></b></p>
                </td>

                <td style="BORDER-BOTTOM: #000000 1.5pt solid" valign="top" width="12%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">R&amp;D PHASE</font></b></p>
                </td>

                <td style="BORDER-BOTTOM: #000000 1.5pt solid" valign="top" width="63%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">DESCRIPTION</font></b></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="25%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">VivaThermic Vials</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="12%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Phase III</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="63%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Centrifugable and autoclavable vials for cryopreservation</font></p>
                </td>
            </tr>

            <tr>
                <td style="BACKGROUND: #eeeeee" valign="top" width="25%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Cryopsy</font></p>
                </td>

                <td style="BACKGROUND: #eeeeee" valign="top" width="12%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Phase I</font></p>
                </td>

                <td style="BACKGROUND: #eeeeee" valign="top" width="63%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Device that rapidly freezes tissue specimens</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="25%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">VivaSight</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="12%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Phase II</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="63%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Digital PhotoRefractor for children's vision screening</font></p>
                </td>
            </tr>

            <tr>
                <td style="BACKGROUND: #ffffff" valign="top" width="25%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">VivAuris</font></p>
                </td>

                <td style="BACKGROUND: #ffffff" valign="top" width="12%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Phase II</font></p>
                </td>

                <td style="BACKGROUND: #ffffff" valign="top" width="63%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Device for middle ear redness detection</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="25%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">VivaGlobin</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="12%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Discontinued</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="63%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Device for anemia and Cutaneous hemoglobin detection</font></p>
                </td>
            </tr>

            <tr>
                <td style="BACKGROUND: #eeeeee" valign="top" width="25%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">VivaBoost</font></p>
                </td>

                <td style="BACKGROUND: #eeeeee" valign="top" width="12%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Phase III</font></p>
                </td>

                <td style="BACKGROUND: #eeeeee" valign="top" width="63%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Phytochemical rich daily dose nutraceutical beverage</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="25%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">VivaGastroProtect</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="12%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Phase I</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="63%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Fruits and vegetables extract for the protection of digestive system</font></p>
                </td>
            </tr>

            <tr>
                <td style="BACKGROUND: #eeeeee" valign="top" width="25%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">VivaCrop</font></p>
                </td>

                <td style="BACKGROUND: #eeeeee" valign="top" width="12%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Discontinued</font></p>
                </td>

                <td style="BACKGROUND: #eeeeee" valign="top" width="63%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Vegetation health monitor</font></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="25%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Clinical Sensor (CBS)</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="12%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Phase I</font></p>
                </td>

                <td style="BACKGROUND-IMAGE: none; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-REPEAT: repeat; BACKGROUND-POSITION: 0% 0%" valign="top" width="63%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">In vitro diagnostic device used at the point of care</font></p>
                </td>
            </tr>

            <tr>
                <td style="BACKGROUND: #ffffff" valign="top" width="25%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">SLICES</font></p>
                </td>

                <td style="BACKGROUND: #ffffff" valign="top" width="12%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Phase II</font></p>
                </td>

                <td style="BACKGROUND: #ffffff" valign="top" width="63%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">MRI enhancement software</font></p>
                </td>
            </tr>
        </table>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">We also plan to continue to offer contract research and development services in molecular biology, device engineering and other areas.&nbsp;&nbsp;We commenced providing contract research and development services in the first quarter of 2008. During the first quarter 2009, we commenced sales of
        our VivaThermic vials and we commenced sales of VivaBlend in the second quarter of 2009. In December 2009, we entered into a license agreement with Regeneca International, Inc. (&ldquo;Regeneca&rdquo;) for VivaBoost whereby Regeneca obtained exclusive worldwide distribution rights in the direct-to-consumer market and has committed to purchase $5,000,000 of product over a thirty-six month period. In October, 2010, we entered into an exclusive worldwide license agreement with a new
        distributor for certain of our VivaThermic vials.</font></p>

        <p></p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">18</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">Going Concern</font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Our registered independent public accounting firm expressed substantial doubt as to our ability to continue as a going concern in its report on our annual financial statements for the years ended December 31, 2009 and 2008 based on the fact that we do not have adequate working capital to
        finance our day-to-day operations.&nbsp;&nbsp;Our continued existence depends upon the success of our efforts to raise additional capital necessary to meet our obligations as they come due and to obtain sufficient capital to execute our business plan. We intend to obtain capital primarily through issuances of debt or equity or entering into collaborative arrangements with corporate partners. There can be no assurance that we will be successful in completing additional financing or
        collaboration transactions or, if financing is available, that it can be obtained on commercially reasonable terms.&nbsp;&nbsp;If we are not able to obtain the additional financing on a timely basis, we may be required to further scale down or perhaps even cease the operation of our business. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders.&nbsp;&nbsp;Obtaining commercial loans, assuming those
        loans would be available, will increase our liabilities and future cash commitments.&nbsp;&nbsp;Our consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 10pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">Liquidity and Capital Resources</font></b></p>

        <p></p>

        <p></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">At September 30, 2010, we have $561&nbsp;in cash and cash equivalents and our current liabilities consisted of $191,886&nbsp;in accounts payable, $730,077 in accrued wages payable, $102,638 in deferred revenue, $19,097&nbsp;in loans and advances payable to related parties, a $166,789 grant
        payable, and $114,615 and $107,316 of convertible notes payable and fair value of share conversion feature in convertible notes payable.&nbsp;&nbsp;The $166,789 grant payable is to be repaid upon the occurrence of certain events, including the completion of an Initial Public Offering.&nbsp;&nbsp;</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Cash and cash equivalents decreased to $561 at September 30, 2010 from $187,646 at December&nbsp;31, 2009. The $187,085 decrease consists of cash used in operations of $343,585 offset by cash provided by financing activities of $145,500 and investing activities of $11,000.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">For the nine months ended September&nbsp;30, 2010, net cash used in operating activities was $343,585 and included our $1,372,699 net loss for the nine months ended September 30, 2010, adjusted for depreciation and amortization charges of $592,483, the loss of $64,678 from the disposition of
        assets, the gain on settlement with officer of $343,260, the common shares issued for services of $518,559, the stock option compensation expense of $130,336, interest added to note payable balances of $131,339 , gain on change in fair value of the conversion liability of $26,164, interest added to notes receivable of $15,043, and changes in operating assets and liabilities offset by deferred income taxes of $194,759. For the nine months ended September 30, 2009, net cash used in
        operating activities was $147,340 and included our $1,411,960 net loss for the nine months ended September 30, 2009, adjusted for depreciation and amortization charges of $576,983, the write off of previously capitalized deferred offering costs of $111,316, services received as payment on notes receivable of $22,500, common shares issued for services received of $57,500, stock compensation expense of $126,801, interest added to note payable balances of $69,185, interest added to notes
        receivable of $5,238 and changes in operating assets and liabilities offset by deferred income taxes of $194,759. </font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Net cash provided by investing activities was $11,000 and $755 during the nine months ending September 30, 2010 and 2009.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Net cash provided by financing activities was $145,500 during the nine months ended September 30, 2010 and consisted of $167,500 in gross proceeds from convertible notes, net of $22,000 in loan costs. During the nine months ended September 30, 2009, net cash provided by financing activities was
        $70,215 and consisted of $149,575 in proceeds from the sales of common stock, offset by $18,000 in payments on notes payable and $61,630 in loan fees and offering costs paid.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In November 2008, the Company commenced a capital formation activity to submit a Registration Statement on Form S-1 to the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) to register and sell in a self-directed offering 15,000,000 shares of newly issued common stock at an offering
        price of $0.23 per share for proceeds of up to $3,450,000.&nbsp;&nbsp;&nbsp;The Registration also registered 5,133,000 of the Company&rsquo;s outstanding shares of common stock on behalf of selling stockholders, for which the Company would not receive any of the proceeds from sales of these shares.&nbsp;&nbsp;</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

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            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">19</font></a>
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        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">The Registration Statement on Form S-1 was filed with the SEC on November 25, 2008 and declared effective on December 22, 2008.&nbsp;&nbsp;A creditor of the Company purchased 434,783 shares in exchange for a $100,000 reduction of the Company&rsquo;s existing indebtedness payable to such creditor and, as of March 3, 2009, the Company received stock subscriptions for 14,300,000 newly issued shares
        of common stock at an offering price of $0.23 per share and closed the offering.&nbsp;&nbsp;The consideration received from the subscription agreements was in the form of notes receivable with maturity dates 90 days after the note dates.&nbsp;&nbsp;The notes were secured by the subscribed shares and such shares would not be released to the subscribers until payment was received by the Company.&nbsp;&nbsp;As of March 31, 2009, the Company had not received any of the purchase price for
        the shares and, as&nbsp;a result, on April 2, 2009, the Company cancelled and terminated each of the subscription agreements, with the consent of the subscribers; terminated its public offering and deregistered the 14,300,000 unsold shares.&nbsp;&nbsp; The Company incurred $111,316 of deferred offering costs related to this capital formation activity.&nbsp;&nbsp;The deferred offering costs were expensed upon the termination of the offering in 2009.</font></p>

        <p></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In August 2009, the Company commenced another capital formation activity to submit a Registration Statement on Form S-1 to the SEC to register and sell in a self-directed offering 15,000,000 shares of newly issued common stock at an offering price of $0.23 per share for proceeds of up to
        $3,450,000.&nbsp;&nbsp;The Registration Statement on Form S-1 was filed with the SEC on August 12, 2009 and declared effective on August 21, 2009.&nbsp;&nbsp;As of September 30, 2010&nbsp;&nbsp;the Company issued (i) 1,737,280 shares in exchange for $319,714 in net cash proceeds; (ii) 220,000 shares in exchange for consulting services valued at $50,600, which were expensed 2009; (iii) 190,000 shares in 2010 in exchange for&nbsp;&nbsp;$37,760 in consulting services (some of which were
        performed and accrued in 2009);&nbsp;&nbsp;(iv) 489,129 shares to an existing stockholder and a consultant for a $112,500 reduction in advances and accounts payable; (v) 4,415,927 shares to an existing creditor/stockholder in exchange for a $1,015,663 reduction the Company&rsquo;s note payable to the creditor, and (vi) 5,834,109 shares in exchange for $1,341,845 in notes receivable from the two parties, one of which is an existing stockholder of the Company.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The 5,834,109 shares issued in exchange for notes receivable were issued pursuant to two stock purchase agreements for 3,185,000 shares each at a purchase price of $732,550 each.&nbsp;&nbsp;The consideration received under the purchase agreements was a combination of cash, reduction of advances
        payable and the notes receivable.&nbsp;&nbsp;The notes receivable both bear interest at 5% per annum and had 60 day terms that matured in October 2009.&nbsp;&nbsp;The notes had an aggregate balance of $1,329,518 at December 31, 2009 and were extended to January 31, 2010.&nbsp;&nbsp;As of September 30, 2010, the notes have a remaining balance of $1,040,541 after being offset with certain advances payable and are currently continuing on a month-to-month basis.&nbsp;&nbsp;The shares issued
        under the notes have been issued and are being held in escrow and will be released by the escrow agent to the purchasers as payments are received.&nbsp;&nbsp;As of September 30, 2009, an aggregate of 4,459,000 shares are held in escrow.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">We do not have sufficient cash on hand to fund our administrative and other operating expenses or our proposed research and development and sales and marketing programs for the next twelve months.&nbsp;&nbsp;During 2009 and 2010 we entered into distribution agreements with distributors in
        India, Japan and the USA for the sale of our cryovials and we commenced taking cryovial orders; we also entered into a license agreement for the distribution of VivaBoost.&nbsp;&nbsp;However, until we have sufficient cash to prepare marketing materials and product samples and implement a sales and marketing plan, we do not expect significant revenues from product sales.&nbsp;&nbsp;In order to meet our obligations as they come due and to fund the development and marketing of our or
        products, we will require significant new funding to pay for these expenses. We might do so through loans from current stockholders, public or private equity or debt offerings, grants or strategic arrangements with third parties.&nbsp;&nbsp;There can be no assurance that additional capital will be available to us. We currently have no agreements, arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any other sources.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">We have no material commitments or contractual purchase obligations for the next twelve months other than an equipment lease that requires monthly payments of $112 through March 2012.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">Critical Accounting Policies </font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Our consolidated financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles
        requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">20</font></a>
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        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">We regularly evaluate the accounting policies and estimates that we use to prepare our consolidated financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to
        be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><i>Principles of Consolidation</i><br>
        </font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The accompanying consolidated financial statements include the accounts of Vivakor, Inc., its wholly owned subsidiaries Vivasight, Inc., Vivathermic, Inc. and Vivaventures, Inc., all of which were formed on February 19, 2009,&nbsp;&nbsp;and its majority owned subsidiary, HealthAmerica, Inc.
        (&ldquo;HealthAmerica&rdquo;), a Nevada corporation.&nbsp;&nbsp;On October&nbsp;20, 2008, the Company acquired approximately 84% of HealthAmerica&rsquo;s outstanding shares.&nbsp;&nbsp;On December 9, 2009, the Company distributed a number of its shares of HealthAmerica common stock to its stockholders of record on December 1, 2009, reducing its interest in HealthAmerica to approximately 62% .&nbsp;&nbsp;&nbsp;All intercompany transactions have been eliminated in consolidation.
        Vivasight, Vivathermic and Vivaventures are all currently inactive.&nbsp;&nbsp;Since certain related parties held interests in HealthAmerica prior to its acquisition by Vivakor, the noncontrolling interest in HealthAmerica&rsquo;s net operating results is calculated at approximately 4% through December 9, 2009 and approximately 28% thereafter of amortization expense on the acquired HealthAmerica patent and the related deferred income tax benefit, and approximately 16% of
        HealthAmerica&rsquo;s remaining operating results through December 9, 2009 and approximately 38% thereafter.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Investments in which the Company does not exercise significant influence over the investee are accounted for using the cost method of accounting.&nbsp;&nbsp;At December 31, 2009, the Company held a noncontrolling interest in Regeneca International, Inc., a private company, which is accounted
        for using the cost method and is included in Investment in Unconsolidated Affiliate.&nbsp;&nbsp;All of the Regeneca shares held at December 31, 2009 were intended to be distributed to our shareholders of record on April 22, 2010. The Company is awaiting FINRA approval to complete the dividend distribution. An application has been filed with FINRA and the Company is awaiting approval for an expected record date of November 22, 2010 and an expected distribution date of December 2, 2010.
        The undistributed dividend is reflected as dividend payable at September 30, 2010.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><i>Impairment of Long-Lived Assets</i></font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Long-lived assets, which primarily consist of equipment, furniture, leasehold improvements and patents, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is
        measured by a comparison of the carrying amount of the assets to the future net cash flows expected to be generated by such assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. During the third quarter of 2010 the Company announced that it relocated its executive offices to Irvine, California. The Company also moved its research offices to a new
        location in Iowa. In connection with the moves, the Company disposed of a majority of its fixed assets and recognized a loss on the disposition in the amount of $64,678. </font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><i>Revenue Recognition</i></font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">The Company recognizes revenue when all four of the following criteria are met: (i)&nbsp;persuasive evidence that an arrangement exists; (ii)&nbsp;delivery of the products and/or services has occurred; (iii)&nbsp;the fees earned can be readily determined; and (iv) collectability of the fees is
        reasonably assured. The Company recognizes revenue from research contracts as services are performed under the agreements. The Company records grant revenues as the expenses related to the grant projects are incurred.&nbsp;&nbsp;Up front license fee revenues are deferred and recognized over the term of the license on a straight-line basis.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
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        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">Results of Operations</font></b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><i><font size="2">Comparison of the Three and Nine Months ended September 30, 2010 and 2009</font></i></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">For the three months ended September 30, 2010, we had a net loss of $216,381 compared to a net loss of $591,251 for the corresponding prior year period.&nbsp; The reduction in loss is primarily due to the reduction in research and development expenditures due to a lack of funding and due to the
        former Chief Executive Officer forgiving $343,260 in accrued compensation as part of his settlement agreement with the Company. &nbsp;For the nine months ended September&nbsp;30, 2010, we had a net loss of $1,270,303 compared to a net loss of $1,396,986 for the corresponding prior year period, primarily due to increased general and administrative expenditures and interest in 2010, offset by increased revenues, reduced research expenditures and the former Chief Executive Officer
        forgiving $343,260 in accrued compensation as part of his settlement agreement with the Company.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">We commenced sales of our VivaBoost product in 2010, accordingly, for the nine month period ending September 30, product sales revenue increased to $135,650 in 2010 from $30,435 in 2009. For the three months ended September 30, product sales revenue decreased from $10,148 in 2009 to zero in
        2010, primarily because the Vivaboost distributor was still in process of selling the initial order acquired earlier in 2010 and had not re-ordered during the 3 months ended September 30, 2010. We entered into a license agreement for VivaBoost in December 2009 and began recognizing license fee revenue in 2010, accordingly license fee revenue was $25,660 and $76,979 for the three and nine months ended September 30, 2010. In 2009, the National Institutes of Health - National Eye Institute
        awarded us a Phase I Small Business Innovation Research Award grant related to the development of our digital photorefractor and we recognized $38,212 and $112,912 in grant revenue during the three and nine months ended September 30, 2009, respectively. This grant was exhausted in 2009, resulting in zero grant revenues in 2010.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">For the three and nine months ended September 30, 2010, cost of sales totaled zero and $107,859, respectively compared to $8,657 and $24,148, respectively for the three and nine months ended September 30, 2009. The changes are due to the change in both the volume and mix of revenues as noted
        above.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Our research and development expenses for the three-month periods ended September&nbsp;30 decreased from $288,267 in 2009 to $198,203 in 2010 and for the nine month period ended September 30 decreased from $870,838 in 2009 to $714,393 in 2010. These decreases were primarily due to a decrease in
        payroll and related expenses due to a reduction of headcount in 2010.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Sales and marketing costs for the three-month periods ended September&nbsp;30 decreased from $55,542 in 2009 to $1,029 in 2010 and for the nine month period ended September 30 decreased from $56,033 in 2009 to $2,859 in 2010 to a lack of funding available to execute a sales and marketing
        program. We will require additional funds in order to increase sales and marketing costs required to build awareness about us and our products.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">Our general and administrative expenses for the three months ended September 30, increased from $332,076 in 2009 to $366,077 in 2010 and, for the nine month period ended September 30, increased from $623,509 in 2009 to $1,114,419 in 2010 due, in part to our Executive Chairman working for us on
        a part-time basis in 2009 and a full-time basis in 2010.&nbsp;&nbsp;Additionally the Company engaged outside consultants to assist in strategy and marketing efforts during the three and nine months periods ending September 30,2010, which were not expenses nor initiatives of the Company had need of during the three and nine months periods in 2009.&nbsp;&nbsp;&nbsp;Moreover, our increased dependency on outside consultants due to our reporting and legal requirements, has also increased our
        administrative expenses in the three and nine months ending September 30, 2010 over the 2009 periods.&nbsp;</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">22</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch"><font size="2">During the second quarter 2009, we also expensed $111,316 in offering costs related to the terminated Registration Statement on Form S-1 that was originally filed on November 25, 2008. Similar costs were not incurred in 2010.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch"><font size="2">During the third quarter of 2010 the Company announced that it relocated its executive offices to Irvine, California. The Company also moved its research offices to a new location in Iowa. In connection with the moves, the Company disposed of a majority of its fixed assets and recognized a loss on the
        disposition in the amount of $64,678 during the three and nine months ended September 30, 2010. </font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch"><font size="2">In connection with the resignation of the Company&rsquo;s former Chief Executive Officer (the &ldquo;CEO&rdquo;) in September 2010, the Company and the CEO entered into a settlement and release agreement whereby, among other things, the CEO forgave $343,260 in unpaid accrued compensation. In addition the
        Company and the CEO entered into an asset purchase agreement whereby the CEO purchased for $1.00, all proprietary rights in and title to the formula commonly known as VivaBlend, including related trade secrets, formulations, tradenames, copyrights and patents. Accordingly, the Company recognized a gain on settlement in the amount of 343,260 during the three and nine months ended September 30, 2010.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch"><font size="2">Interest expense for the three-month periods ended September&nbsp;30 increased from $24,981 in 2009 to $58,876 in 2010 and for the nine month period ended September 30 increased from $64,222 in 2009 to $134,299 in 2010 primarily due to the accounting for the fair value of the conversion feature on the
        convertible notes payable, which have conversion terms favorable to the noteholder.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2">Off-Balance Sheet Arrangements</font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material
        to investors.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><b><a name="risks"></a>Item&nbsp;3. Quantitative and Qualitative Disclosures About Market Risk</b><b>s</b>&nbsp;</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">This item is not required for smaller operating companies.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><b><a name="item4t"></a>Item&nbsp;4</b><b>T</b><b>. Controls and Procedures</b>&nbsp;</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;<i>Evaluation of disclosure controls and procedures</i>.&nbsp;&nbsp;&nbsp;&nbsp;In accordance with Rule&nbsp;13a-15(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), as of the end of the period covered by this Annual Report on Form&nbsp;10-K, the
        Company's management evaluated, with the participation of the Company's Executive Chairman and Chief Executive Officer and the Chief Financial Officer, the effectiveness of the design and operation of the Company's disclosure controls and procedures (as defined in Rule&nbsp;13a-15(e) under the Exchange Act).&nbsp;&nbsp;Based upon their evaluation of these disclosure controls and procedures, the Executive Chairman and Chief Executive Officer have concluded that the disclosure controls
        and procedures were effective as of the date of such evaluation in ensuring that information required to be disclosed in the Company's Exchange Act reports is (1)&nbsp;recorded, processed, summarized and reported in a timely manner, and (2)&nbsp;accumulated and communicated to management, including the Company's Executive Chairman and the Chief Executive Officer, as appropriate, to allow timely decisions regarding required disclosure.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;<i>Changes in internal control.</i>&nbsp;&nbsp;&nbsp;&nbsp;There was no change in the Company's internal control over financial reporting that occurred during the period covered by this Annual Report on Form&nbsp;10-K that has materially affected, or is reasonably
        likely to materially affect, the Company's internal control over financial reporting.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">23</font></a>
        </div>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><b>PART II. OTHER INFORMATION</b> <br>
        &nbsp; <br>
        <b><a name="item1"></a>Item&nbsp;1.</b> <b>Legal Proceedings</b></font></p>

        <p></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">None.</font></p>

        <p style="MARGIN-TOP: 15.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><b><a name="item2"></a>Item&nbsp;2.</b> <b>Unregistered Sale of Equity Securities and Use of Proceeds</b></font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">During August, 2009, we issued 50,000 unregistered shares of common stock valued at $11,500 in exchange for services.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In July 2010, we issued 5,000,000 unregistered shares of common stock valued at $75,000 in exchange for services.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">In October 2010, we issued 4,000,000 unregistered shares of common stock valued at $16,000 in exchange for services.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 15.1pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><font size="2"><a name="item3"></a>Item&nbsp;3. Defaults Upon Senior Securities</font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">We had a note payable that was incurred in connection with the acquisition of 84% of HealthAmerica&rsquo;s outstanding shares on October 20, 2008, that was non-recourse and was secured by the acquired HealthAmerica shares and all of HealthAmerica&rsquo;s assets.&nbsp;&nbsp;The note bore
        interest at 4% per annum and required the Company to make monthly payments of $25,000.&nbsp;&nbsp;In addition, every 90 days, the Company is required to make additional note payments equal to 10% of the gross proceeds received from any sales of equity or debt securities, or any sale or licensing of products or technology until all outstanding principal and interest are repaid.&nbsp;&nbsp;As of March 31, 2010 the Company had not made all of the required monthly payments under the
        agreement and&nbsp;&nbsp;the Company remained in arrears subsequent to March 31, 2010.&nbsp;&nbsp;In May 2010, the Company and note holder agreed to convert&nbsp;&nbsp;the entire note payable balance into 12,770,975 shares of common stock at $0.04 per share.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><b><a name="item4"></a>Item</b> <b>4</b><b>.</b>&nbsp;<b><font size="2">(Removed and Reserved)</font></b></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><font size="2"><b><a name="item5"></a>Item</b> <b>5</b><b>. <font size="2"><b>Other Information</b> </font></b></font></font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><font size="2">None</font></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><b><font size="2"><a name="item6"></a>Item&nbsp;6. <b><font size="2">Exhibits</font></b></font></b></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind .5 Inch" align="left"><i><font size="2">Exhibits</font></i></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="90%" align="center">
            <tr bgcolor="#cceeff">
                <td valign="top" width="8%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">10.1</font></p>
                </td>

                <td valign="bottom" width="2%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><a href="vi_ex101-100930.htm"><font size="2"><font size="2">Consulting Agreement- DJS Financial</font></font></a></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="8%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">10.2</font></p>
                </td>

                <td valign="bottom" width="2%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><a href="vi_ex102-100930.htm"><font size="2"><font size="2">Consulting Agreement- Blake Holden</font></font></a></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="8%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">10.3</font></p>
                </td>

                <td valign="bottom" width="2%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><a href="vi_ex103-100930.htm"><font size="2"><font size="2">Consulting Agreement- James C. Short</font></font></a></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="8%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">10.4</font></p>
                </td>

                <td valign="bottom" width="2%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><a href="vi_ex104-100930.htm"><font size="2"><font size="2">Consulting Agreement- Trent Skaggs</font></font></a></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="8%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">10.5 </font></p>
                </td>

                <td valign="bottom" width="2%"><font size="2">&nbsp;</font></td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><a href="vi_ex105-100930.htm"><font size="2"><font size="2">Stock Purchase - War Chest Multi-Strategy Fund LLC</font></font></a></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="8%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">10.6</font></p>
                </td>

                <td valign="bottom" width="2%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><a href="vi_ex106-100930.htm"><font size="2"><font size="2">Stock Purchase - Barclay Lyons LLC</font></font></a></p>
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top" width="8%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">31.1</font></p>
                </td>

                <td valign="bottom" width="2%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><a href="vi_ex311-100930.htm"><font size="2"><font size="2">Certification by Chief Executive Officer Pursuant to Rule 13a-14(a)/15d-14(a), As Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</font></font></a></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="8%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">32</font></p>
                </td>

                <td valign="bottom" width="2%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="90%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><a href="vi_ex321-100930.htm"><font size="2"><font size="2">Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.</font></font></a></p>
                </td>
            </tr>
        </table>
        <br>

        <div style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">
            <a name="PAGENUM"><font color="#000000" size="1" face="Times New Roman, Times, serif">24</font></a><br>
        </div>

        <p style="MARGIN-TOP: 10.4pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b><a name="tx94689_9"></a></b></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 10.4pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 10.4pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b><a name="signatures"><font size="2"><b><font size="2">SIGNATURES</font></b></font></a></b></p>

        <p style="MARGIN-TOP: 10.4pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 10.4pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </font></p>

        <p style="MARGIN-TOP: 10.4pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" colspan="3"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="4%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="2%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="45%">
                    <p align="left"><font size="2"><strong>VIVAKOR, INC.</strong></font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 12pt">
                <td valign="middle" colspan="3"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>

                <td valign="middle" colspan="2"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top" colspan="3">
                    <p align="left"><font size="2">November 22, 2010</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="4%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="2%">
                    <p align="left"><font size="2">By:</font></p>
                </td>

                <td style="BORDER-BOTTOM: #000000 0.5pt solid" valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="45%">
                    <p align="left"><font size="2">/s/ Matt Nicosia</font></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="45%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="4%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="2%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="45%">
                    <p align="left"><font size="2">Matt Nicosia</font></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="45%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="4%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="2%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="45%">
                    <p align="left"><font size="2">Executive Chairman and Chief Executive Officer </font></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="45%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="top" width="4%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="2%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="45%">
                    <p align="left"><font size="2">(Chief Accounting Officer)</font></p>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p></p>
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            <font color="#000000" size="1" face="Times New Roman, Times, serif">25</font>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>vi_ex101-100930.htm
<TEXT>
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        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="right"><b><font size="2">Exhibit 10.1</font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="center"><b><font size="2">CONSULTING AGREEMENT</font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="center">&nbsp;</p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><strong>THIS CONSULTING AGREEMENT</strong> (the "Agreement") is made and entered into effective the 2nd day of July, 2010 by and between DJS Financial Services, Inc. (the "Consultant"), whose principal place of business is 11301 West Olympic Blvd, Suite 121/552, Los Angeles, CA 90064, and Vivakor, Inc (VIVK) (the "Client") whose principal place of
        business is 5450 NE 12th Ave Pleasant Hill, Iowa 50327.</p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><font size="2"><b>WHEREAS</b>, Consultant is in the business of providing services for management consulting, business advisory, shareholder information and public relations; and</font></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><font size="2"><b>WHEREAS</b>, the Client deems it to be in its best interest to retain Consultant to render to the Client such services as may be needed; and</font></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><font size="2"><b>WHEREAS</b>, Consultant is ready, willing and able to render such consulting and advisory services to Client.</font></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><font size="2"><b>NOW THEREFORE</b>, in consideration of the mutual promises and covenants set forth in this Agreement, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</font></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><strong><font size="2">1.</font></strong></td>

                <td width="96%"><font size="2"><strong>Consulting Services.</strong> The client hereby retains the Consultant as an independent consultant to the Client and the Consultant hereby accepts and agrees to such retention.</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">&nbsp;</font></td>

                <td width="96%">
                    <p><font size="2">It is acknowledged and agreed by the Client that Consultant carries no professional licenses, and is not rendering legal advice or performing accounting services, nor acting as an investment advisor or brokerage/dealer within the meaning of the applicable state and federal securities laws. The services of Consultant shall not be Exclusive nor shall Consultant be required to render any specific number of hours or assign specific personnel to the Client or
                    its projects.</font></p>

                    <p><font size="2">Consultant agrees to serve as Representative for acquisitions to VIVK , Inc. (VIVK) and to provide and/or perform the following, hereafter collectively referred to as the &ldquo;Services&rdquo;:</font></p>
                </td>
            </tr>
        </table>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in" align="left"><font size="2">Complete an analysis of VIVK&rsquo;s business and industry, and follow with a comprehensive background report that summarizes VIVK&rsquo;s corporate and profile (the &ldquo;Corporate Profile&rdquo;) that shall be available for distribution to business partners, or others as VIVK shall deem appropriate.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Work with VIVK, its counsel or other representatives to revise and/or draft any other documents that may be necessary in VIVK&rsquo;s efforts to secure the presentation of the company to the future acquisition.</font></td>
            </tr>
        </table>
        <br>
        <br>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Assist VIVK in efforts to seek additional business/business relationships that will be of benefit to VIVK.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Introduce VIVK to potential target acquisitions, market professionals, including broker-dealers, mutual funds, and other institutional investors; providing the Company with advice regarding acquisitions.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Best Efforts. CONSULTANT shall devote such time and effort, as it deems commercially reasonable and adequate under the circumstances to the affairs of VIVK to render the consulting services contemplated by this agreement. CONSULTANT is not responsible for the performance of any services, which may be rendered hereunder without VIVK providing the necessary information in writing prior thereto, nor shall VIVK include any services that
                constitute the rendering of any legal opinions or performance of work that is in the ordinary purview of the Certified Public Accountant. CONSULTANT cannot guarantee results on behalf of VIVK, but shall pursue all reasonable avenues available through its network of contacts. At such time as an interest is expressed by a third party in VIVK&rsquo;s needs, CONSULTANT shall notify VIVK and advise it as to the source of such interest and any terms and conditions of such interest.
                The acceptance and consumption of any transaction is subject to acceptance of the terms and conditions by VIVK in its sole discretion. It is understood that a portion of the compensation paid hereunder is being paid by VIVK to have CONSULTANT remain available to advise it on transactions on an as-needed basis.</font></td>
            </tr>
        </table>
        &nbsp;<br>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">2.</font></td>

                <td width="96%">
                    <p style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" align="justify"><b>Independent Contractor</b>. Consultant agrees to perform its consulting duties hereto as an independent contractor. Nothing contained herein shall be considered to as creating an employer-employee relationship between the parties to this Agreement. The Client shall not make social security, worker&rsquo;s compensation or unemployment insurance payments on behalf of Consultant. The
                    parties hereto acknowledge and agree that Consultant cannot guarantee the results or effectiveness of any of the services rendered or to be rendered by Consultant. Rather, Consultant shall conduct its operations and provide its services in a professional manner and in accordance with good industry practice. Consultant will use its best efforts and does not promise results.</p>
                </td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">3.</font></td>

                <td width="96%"><font size="2"><strong>Time, Place and Manner of Performance</strong>. The Consultant shall be available for advice and counsel to the officers and directors of the Client as such reasonable and convenient times and places as may be mutually agreed upon. Except as aforesaid, the time, place and manner of performance of the services hereunder, including the amount of time to be allocated by the Consultant to any specific service, shall be determined at the sole
                discretion of the Consultant. </font></td>
            </tr>
        </table>
        <br>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><font size="2"><b>&nbsp;</b> </font></font></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><font size="2"><b>&nbsp;</b> </font></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">4.</font></td>

                <td width="96%"><font size="2"><strong>Term of Agreement</strong>. The term of this Agreement shall be Four (4) months, commencing on the date of this Agreement, subject to prior termination as hereinafter provided.</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><font size="2"><b>&nbsp;</b> </font></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">5.</font></td>

                <td width="96%"><font size="2"><strong>Compensation</strong>. In providing the foregoing services, Consultant shall be responsible for all costs incurred except the Client will be responsible for mailing out due diligence requests. Client shall pay Consultant for its services hereunder as follows: to arrange for one or more third parties to transfer 5,000,000&nbsp;restricted shares of Client&rsquo;s common stock to Consultant upon signing of this agreement.</font> </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify"></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify">(a) If the Consultant introduces the Company to any merger, acquisition or to a candidate for acquisition of any portion of the Company or facilitates a merger or acquisition with a public or private company (the &ldquo;Merger&rdquo;), which the Company closes, the Company shall pay the Consultant a fee
        consisting of cash in an amount equal to five percent (5%) of the total gross proceeds of the Merger and the Merger on a post-financing, fully-diluted basis.</p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify"><font size="2">(b) All cash fees due the Consultant hereunder shall be paid to the Consultant immediately upon closing of any Equity Financing, Merger, and Transaction (collectively, the &ldquo;Fee Transaction&rdquo;) by wire transfer of immediately available funds from the proceeds of the Fee Transaction,
        either directly or from the formal or informal escrow arrangement established for the Fee Transaction, pursuant to the written wire transfer instructions of the Consultant to the Closing Agent.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify"><font size="2">(c) The Company authorizes and directs the Closing Agent to distribute directly or from escrow any and all fees due the Consultant hereunder. The Company agrees that such fees and the manner of payment and delivery as herein provided shall be included in the documentation of any Fee
        Transaction.</font></p>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>Client&rsquo;s Representations.</b> The Client represents that it is in compliance with all applicable Securities and Exchange Commission reporting and accounting requirements and all applicable requirements of the NASD or any stock exchange. The Client further represents that it has not been and is not the subject of any enforcement proceeding or injunction by the Securities
                    and Exchange Commission or any state securities agency. </font></p>
                </td>
            </tr>
        </table>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><b><u><font size="2">REPRESENTATIONS, WARRANTIES AND COVENANTS</font></u></b></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b><u>SEC Legal Compliance.</u></b> CONSULTANT hereby represents that it has in place policies and procedures relating to, and addressing, with the commercially reasonable intent to ensure compliance with, applicable securities laws, rules and regulations, including, but not limited to:</font></p>
                </td>
            </tr>
        </table>
        <br>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">The use, release or other publication of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act</font></p>
                </td>
            </tr>
        </table>
        <br>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Disclosure requirements outlined in Section 17B of the Exchange Act regarding the required disclosure of the nature and terms of Consultant&rsquo;s relationship with VIVK in any and all CONSULTANT literature or other communication(s) relating to VIVK, including, but not limited to: Press Releases, letters to investors and telephone or other personal communication(s) with potential or current investors.</font></td>
            </tr>
        </table>
        <br>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in" align="left"><font size="2">CONSULTANT further acknowledges that by the very nature of its relationship with VIVK it will, from time to time, have knowledge of or access to material non-public information (as such term is defined by the Exchange Act) CONSULTANT hereby agrees and covenants that:<br>
        </font></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">CONSULTANT will not make any purchases or sales in the stock of VIVK based on such information.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">CONSULTANT will utilize its commercially reasonable efforts to safeguard and prevent the dissemination of such information to third parties unless authorized in writing by VIVK to do so as may be necessary in the performance of its Services under this Agreement.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">VIVK will not, in any way, utilize or otherwise include such information, in actual form or in substantive content, in its analysis for, preparation of or release of any CONSULTANT literature or other communication(s) relating to VIVK, including, but not limited to: Press Releases, letters to investors and telephone or other personal communication(s) with potential or current investors.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" valign="top" width="4%">
                    <p align="left"><font size="2">8.</font></p>
                </td>

                <td valign="top" width="96%">
                    <p align="justify"><font size="2"><b>Non-Circumvention.</b> VIVK hereby irrevocably agrees not to circumvent, avoid, bypass, or obviate, directly or indirectly, the intent of this Agreement, to avoid payment of fees in any transaction with any corporation, partnership or individual introduced by CONSULTANT to VIVK, in connection with any project, acquisition, any loans or collateral, or other transaction involving any products, transfers or services, or addition, renewal
                    extension, rollover, amendment, renegotiations, new contracts, parallel contracts/agreements, or third party assignments thereof.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" valign="top" width="4%">
                    <p align="left"><font size="2"><font size="2"><font size="2">9.</font></font></font></p>
                </td>

                <td valign="top" width="96%">
                    <p align="justify"><font size="2"><strong>Termination</strong>.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">&nbsp;</font></td>

                <td valign="top" width="4%">
                    <p><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">Consultant&rsquo;s relationship with the Client hereunder may be terminated for any reason whatsoever, at any time, by either party, upon 30 days written prior notice.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">This Agreement shall automatically terminate upon the dissolution, bankruptcy or insolvency of the Client or Consultant.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">This Agreement may be terminated by either party upon giving written notice to the other party if the other party is in default hereunder and such default is not cured within fifteen (15) days of receipt of written notice of such default.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">Consultant and Client shall have the right and discretion to terminate this Agreement should the other party in performing their duties hereunder, violate any law, ordinance, permit or regulation of any governmental entity, except for violations which either singularly or in the aggregate do not have or will not have a material adverse effect on the operations of the Client.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">In the event of any termination hereunder all shares or funds paid to the Consultant through the date of termination shall be fully earned and non-refundable and the parties shall have no further responsibilities to each other except that the Client shall be responsible to make any and all payments if any, due to the Consultant through the date of the termination and the Consultant shall be responsible to comply with the provisions of
                    section 10 hereof.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">10.</font></td>

                <td width="96%">
                    <p><font size="2"><b>Work Product</b>. It is agreed that all information and materials produced for the Client shall be the property of the Consultant, free and clear of all claims thereto by the Client, and the Client shall retain no claim of authorship therein.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">11.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Confidentiality</b>. The Consultant recognizes and acknowledges that it has and will have access to certain confidential information of the Client and its affiliates that are valuable, special and unique assets and property of the Client and such affiliates. The Consultant will not, during the term of this Agreement,
                    disclose, without the prior written consent or authorization of the Client, any of such information to any person, for any reason or purpose whatsoever. In this regard, the Client agrees that such authorization or consent to disclose may be conditioned upon the disclosure being made pursuant to a secrecy agreement, protective order, provision of statute, rule, regulation or procedure under which the confidentiality of the information is maintained in the hands of the person
                    to whom the information is to be disclosed or in compliance with the terms of a judicial order or administrative process.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">12.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Conflict of Interest</b>. The Consultant shall be free to perform services for other persons. The Consultant will notify the Client of its performance of consultant services for any other person, which could conflict with its obligations under the Agreement. Upon receiving such notice, the Client may terminate this
                    Agreement or consent to the Consultant&rsquo;s outside consulting activities; failure to terminate, this Agreement within seven (7) business days of receipt of written notice of conflict shall constitute the Client&rsquo;s ongoing consent to the Consultant&rsquo;s outside consulting services.</font></p>
                </td>
            </tr>
        </table>
        <font size="2"><br>
        </font>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">13.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Disclaimer of Responsibility for Act of the Client</b>. In no event shall Consultant be required by this Agreement to represent or make management decisions for the Client. Consultant shall under no circumstances be liable for any expense incurred or loss suffered by the Client as a consequence of such decisions, made
                    by the Client or any affiliates or subsidiaries of the Client.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

                <td width="96%"><font size="2"><b>Indemnification.</b></font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2">(a) The client shall protect, defend, indemnify and hold Consultant and its assigns and attorneys, accountants, employees, officers and director harmless from and against all losses, liabilities, damages, judgments, claims, counterclaims, demands, actions, proceedings, costs and expenses (including reasonable
                    attorneys&rsquo; fees) of every kind and character resulting from, relating to or arising out of (a) the inaccuracy, non-fulfillment or breach of any representation, warranty, covenant or agreement made by the Client herein, or (b) negligent or willful misconduct, occurring during the term thereof with respect to any of the decisions made by the Client (c) a violation of state or federal securities laws.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2">(b) The Consultant shall protect, defend, indemnify and hold Client and its assigns and attorneys, accountants, employees, officers and director harmless from and against all losses, liabilities, damages, judgments, claims, counterclaims, demands, actions, proceedings, costs and expenses (including reasonable
                    attorneys&rsquo; fees) of every kind and character resulting from, relating to or arising out of (a) the inaccuracy, non-fulfillment or breach of any representation, warranty, covenant or agreement made by the Consultant herein, or (b) negligent or willful misconduct, occurring during the term thereof with respect to any of the decisions made by the Consultant (c) a violation of state or federal securities laws.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">15.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Notices</b>. Any notices required or permitted to be given under this Agreement shall be sufficient if in writing and delivered or sent by registered or certified mail, or by Federal Express or other recognized overnight courier to the principal office of each party.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">16.</font></td>

                <td width="96%"><font size="2"><strong>Waiver of Breach</strong>. Any waiver by either party or a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any subsequent breach by any party.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">17.&nbsp;</font></td>

                <td width="96%"><font size="2"><strong>Assignment.</strong> This Agreement and the right and obligations of the Consultant hereunder shall not be assignable without the written consent of the Client.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <p></p>

        <p></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">18.</font></td>

                <td width="96%"><font size="2"><strong>Applicable Law</strong>. It is the intention of the parties hereto that this Agreement and the performance hereunder and all suits and special proceedings hereunder be construed in accordance with and under and pursuant to the laws of the State of California and that in any action, special proceeding or other proceedings that may be brought arising out of, in connection with or by reason of this Agreement, the law of the State of California
                shall be applicable and shall govern to the exclusion of the law of any other forum, without regard to the jurisdiction on which any action or special proceeding may be instituted.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">19.</font></td>

                <td width="96%"><font size="2"><strong>Severability</strong>. All agreements and covenants contained herein are severable, and in the event any of them shall be held to be invalid by any competent court, the Agreement shall be interpreted as if such invalid agreements or covenants were not contained herein.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">20.</font></td>

                <td width="96%"><font size="2"><strong>Entire Agreement</strong>. This Agreement constitutes and embodies the entire understanding and agreement of the parties and supersedes and replaces all other or prior understandings, agreements and negotiations between the parties.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">21.</font></td>

                <td width="96%"><font size="2"><strong>Waiver and Modification</strong>. Any waiver, alteration, or modification of any of the provisions of this Agreement shall be valid only if made in writing and signed by the parties hereto. Each party hereto, may waive any of its rights hereunder without affecting a waiver with respect to any subsequent occurrences or transactions hereof.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">22.</font></td>

                <td width="96%"><font size="2"><strong>Binding Arbitration</strong>. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration administered by the JAMS under its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. The arbitration shall be conducted in Orange County, California. </font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">23.</font></td>

                <td width="96%"><font size="2"><strong>Counterparts and Facsimile Signature</strong>. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. Execution and delivery of this Agreement by exchange of facsimile copies bearing the facsimile signature of a party hereto shall constitute a valid and binding execution and delivery of this Agreement
                by such party. Such facsimile copies shall constitute enforceable original documents.</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: -0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Hang Ind Lev 0" align="justify"><font size="2"><b>IN WITNESS WHEREOF</b>, the parties hereto have duly executed and delivered this Agreement, effective as of the date set forth above.</font></p>

        <p style="TEXT-INDENT: 0px; MARGIN-LEFT: 0in" align="left"><font size="2">If you are in agreement with the foregoing, please execute and return one copy of this letter to the undersigned. Thank you. We look forward to working with you.</font></p>

        <p></p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td colspan="2"><font size="2">CONSULTANT:</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td colspan="2">
                    <strong><font size="2"></font></strong>

                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><strong><font size="2"><b>DJS Financial Services, Inc.</b></font></strong></p>
                </td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp; </font></td>

                <td width="46"><font size="2">&nbsp; </font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">By:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">DATE:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" width="438">Tom Bernard</td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">Title: </font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="438"><font size="2">&nbsp;Vice President</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td colspan="2"><font size="2">CLIENT:</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><strong><font size="2">VIVK</font></strong></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">DATE:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">By:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">Title:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp; </font></td>

                <td width="413"><font size="2">&nbsp; </font></td>

                <td width="253">&nbsp;</td>
            </tr>
        </table>
        <br>

        <p style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">&nbsp;</p>

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        <p style="MARGIN-TOP: 12pt" title="PAGENUM" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 12pt" title="PAGENUM" align="center"><a name="PAGENUM"></a>&nbsp;</p>
    </body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>vi_ex102-100930.htm
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body link="#0000ff" bgcolor="#ffffff" text="#000000" vlink="#800000">
        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="right"><b><font size="2">Exhibit 10.2</font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="center"><b><font size="2">CONSULTING AGREEMENT</font></b></p>

        <p></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><strong>THIS CONSULTING AGREEMENT</strong> (the &ldquo;Agreement&rdquo;) is made and entered into effective the 18th day of October 2010 by and between Blake Holden (the &ldquo;Consultant&rdquo;), whose principal place of business&nbsp;________________________ , and Vivakor, Inc (VIVK) (the &ldquo;Client&rdquo;) whose principal place of business is
        5450 NE 12th Ave Pleasant Hill, Iowa 50327.</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><b>WHEREAS</b>, Consultant is in the business of providing services for management consulting, business advisory, shareholder information and public relations; and<br>
        &nbsp; </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>WHEREAS</b>, the Client deems it to be in its best interest to retain Consultant to render to the Client such services as may be needed; and<br>
        &nbsp; </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>WHEREAS</b>, Consultant is ready, willing and able to render such consulting and advisory services to Client.<br>
        &nbsp; </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>NOW THEREFORE</b>, in consideration of the mutual promises and covenants set forth in this Agreement, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><strong><font size="2">1.</font></strong></td>

                <td width="96%"><font size="2"><strong>Consulting Services.</strong> The client hereby retains the Consultant as an independent consultant to the Client and the Consultant hereby accepts and agrees to such retention.</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">&nbsp;</font></td>

                <td width="96%">
                    <p><font size="2">It is acknowledged and agreed by the Client that Consultant carries no professional licenses, and is not rendering legal advice or performing accounting services, nor acting as an investment advisor or brokerage/dealer within the meaning of the applicable state and federal securities laws. The services of Consultant shall not be Exclusive nor shall Consultant be required to render any specific number of hours or assign specific personnel to the Client or
                    its projects.</font></p>

                    <p><font size="2">Consultant agrees to serve as Representative for acquisitions to VIVK , Inc. (VIVK) and to provide and/or perform the following, hereafter collectively referred to as the &ldquo;Services&rdquo;:</font></p>
                </td>
            </tr>
        </table>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in" align="left"><font size="2">Complete an analysis of VIVK&rsquo;s business and industry, and follow with a comprehensive background report that summarizes VIVK&rsquo;s corporate and profile (the &ldquo;Corporate Profile&rdquo;) that shall be available for distribution to business partners, or others as VIVK shall deem appropriate.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Work with VIVK, its counsel or other representatives to revise and/or draft any other documents that may be necessary in VIVK&rsquo;s efforts to secure the presentation of the company to the future acquisition.</font></td>
            </tr>
        </table>
        <br>
        <br>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Assist VIVK in efforts to seek additional business/business relationships that will be of benefit to VIVK.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Introduce VIVK to potential target acquisitions, market professionals, including broker-dealers, mutual funds, and other institutional investors; providing the Company with advice regarding acquisitions.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Best Efforts. CONSULTANT shall devote such time and effort, as it deems commercially reasonable and adequate under the circumstances to the affairs of VIVK to render the consulting services contemplated by this agreement. CONSULTANT is not responsible for the performance of any services, which may be rendered hereunder without VIVK providing the necessary information in writing prior thereto, nor shall VIVK include any services that
                constitute the rendering of any legal opinions or performance of work that is in the ordinary purview of the Certified Public Accountant. CONSULTANT cannot guarantee results on behalf of VIVK, but shall pursue all reasonable avenues available through its network of contacts. At such time as an interest is expressed by a third party in VIVK&rsquo;s needs, CONSULTANT shall notify VIVK and advise it as to the source of such interest and any terms and conditions of such interest.
                The acceptance and consumption of any transaction is subject to acceptance of the terms and conditions by VIVK in its sole discretion. It is understood that a portion of the compensation paid hereunder is being paid by VIVK to have CONSULTANT remain available to advise it on transactions on an as-needed basis.</font></td>
            </tr>
        </table>
        &nbsp;<br>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">2.</font></td>

                <td width="96%">
                    <p style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" align="justify"><b>Independent Contractor</b>. Consultant agrees to perform its consulting duties hereto as an independent contractor. Nothing contained herein shall be considered to as creating an employer-employee relationship between the parties to this Agreement. The Client shall not make social security, worker&rsquo;s compensation or unemployment insurance payments on behalf of Consultant. The
                    parties hereto acknowledge and agree that Consultant cannot guarantee the results or effectiveness of any of the services rendered or to be rendered by Consultant. Rather, Consultant shall conduct its operations and provide its services in a professional manner and in accordance with good industry practice. Consultant will use its best efforts and does not promise results.</p>
                </td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">3.</font></td>

                <td width="96%"><font size="2"><strong>Time, Place and Manner of Performance</strong>. The Consultant shall be available for advice and counsel to the officers and directors of the Client as such reasonable and convenient times and places as may be mutually agreed upon. Except as aforesaid, the time, place and manner of performance of the services hereunder, including the amount of time to be allocated by the Consultant to any specific service, shall be determined at the sole
                discretion of the Consultant. </font></td>
            </tr>
        </table>
        <br>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><font size="2"><b>&nbsp;</b> </font></font></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><font size="2"><b>&nbsp;</b> </font></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">4.</font></td>

                <td width="96%"><font size="2"><strong>Term of Agreement</strong>. The term of this Agreement shall be Four (4) months, commencing on the date of this Agreement, subject to prior termination as hereinafter provided.</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><font size="2"><b>&nbsp;</b> </font></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">5.</font></td>

                <td width="96%"><font size="2"><strong>Compensation</strong>. In providing the foregoing services, Consultant shall be responsible for all costs incurred except the Client will be responsible for mailing out due diligence requests. Client shall pay Consultant for its services hereunder as follows: to arrange for one or more third parties to transfer 4,000,000 free trading shares of Client&rsquo;s common stock to Consultant upon signing of this agreement.</font> </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify"></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify">(a) If the Consultant introduces the Company to any merger, acquisition or to a candidate for acquisition of any portion of the Company or facilitates a merger or acquisition with a public or private company (the &ldquo;Merger&rdquo;), which the Company closes, the Company shall pay the Consultant a fee
        consisting of cash in an amount equal to five percent (5%) of the total gross proceeds of the Merger and the Merger on a post-financing, fully-diluted basis.</p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify"><font size="2">(b) All cash fees due the Consultant hereunder shall be paid to the Consultant immediately upon closing of any Equity Financing, Merger, and Transaction (collectively, the &ldquo;Fee Transaction&rdquo;) by wire transfer of immediately available funds from the proceeds of the Fee Transaction,
        either directly or from the formal or informal escrow arrangement established for the Fee Transaction, pursuant to the written wire transfer instructions of the Consultant to the Closing Agent.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify"><font size="2">(c) The Company authorizes and directs the Closing Agent to distribute directly or from escrow any and all fees due the Consultant hereunder. The Company agrees that such fees and the manner of payment and delivery as herein provided shall be included in the documentation of any Fee
        Transaction.</font></p>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>Client&rsquo;s Representations.</b> The Client represents that it is in compliance with all applicable Securities and Exchange Commission reporting and accounting requirements and all applicable requirements of the NASD or any stock exchange. The Client further represents that it has not been and is not the subject of any enforcement proceeding or injunction by the Securities
                    and Exchange Commission or any state securities agency. </font></p>
                </td>
            </tr>
        </table>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><b><u><font size="2">REPRESENTATIONS, WARRANTIES AND COVENANTS</font></u></b></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b><u>SEC Legal Compliance.</u></b> CONSULTANT hereby represents that it has in place policies and procedures relating to, and addressing, with the commercially reasonable intent to ensure compliance with, applicable securities laws, rules and regulations, including, but not limited to:</font></p>
                </td>
            </tr>
        </table>
        <br>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">The use, release or other publication of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act</font></p>
                </td>
            </tr>
        </table>
        <br>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Disclosure requirements outlined in Section 17B of the Exchange Act regarding the required disclosure of the nature and terms of Consultant&rsquo;s relationship with VIVK in any and all CONSULTANT literature or other communication(s) relating to VIVK, including, but not limited to: Press Releases, letters to investors and telephone or other personal communication(s) with potential or current investors.</font></td>
            </tr>
        </table>
        <br>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in" align="left"><font size="2">CONSULTANT further acknowledges that by the very nature of its relationship with VIVK it will, from time to time, have knowledge of or access to material non-public information (as such term is defined by the Exchange Act) CONSULTANT hereby agrees and covenants that:<br>
        </font></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">CONSULTANT will not make any purchases or sales in the stock of VIVK based on such information.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">CONSULTANT will utilize its commercially reasonable efforts to safeguard and prevent the dissemination of such information to third parties unless authorized in writing by VIVK to do so as may be necessary in the performance of its Services under this Agreement.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">VIVK will not, in any way, utilize or otherwise include such information, in actual form or in substantive content, in its analysis for, preparation of or release of any CONSULTANT literature or other communication(s) relating to VIVK, including, but not limited to: Press Releases, letters to investors and telephone or other personal communication(s) with potential or current investors.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" valign="top" width="4%">
                    <p align="left"><font size="2">8.</font></p>
                </td>

                <td valign="top" width="96%">
                    <p align="justify"><font size="2"><b>Non-Circumvention.</b> VIVK hereby irrevocably agrees not to circumvent, avoid, bypass, or obviate, directly or indirectly, the intent of this Agreement, to avoid payment of fees in any transaction with any corporation, partnership or individual introduced by CONSULTANT to VIVK, in connection with any project, acquisition, any loans or collateral, or other transaction involving any products, transfers or services, or addition, renewal
                    extension, rollover, amendment, renegotiations, new contracts, parallel contracts/agreements, or third party assignments thereof.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" valign="top" width="4%">
                    <p align="left"><font size="2"><font size="2"><font size="2">9.</font></font></font></p>
                </td>

                <td valign="top" width="96%">
                    <p align="justify"><font size="2"><strong>Termination</strong>.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">&nbsp;</font></td>

                <td valign="top" width="4%">
                    <p><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">Consultant&rsquo;s relationship with the Client hereunder may be terminated for any reason whatsoever, at any time, by either party, upon 30 days written prior notice.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">This Agreement shall automatically terminate upon the dissolution, bankruptcy or insolvency of the Client or Consultant.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">This Agreement may be terminated by either party upon giving written notice to the other party if the other party is in default hereunder and such default is not cured within fifteen (15) days of receipt of written notice of such default.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">Consultant and Client shall have the right and discretion to terminate this Agreement should the other party in performing their duties hereunder, violate any law, ordinance, permit or regulation of any governmental entity, except for violations which either singularly or in the aggregate do not have or will not have a material adverse effect on the operations of the Client.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">In the event of any termination hereunder all shares or funds paid to the Consultant through the date of termination shall be fully earned and non-refundable and the parties shall have no further responsibilities to each other except that the Client shall be responsible to make any and all payments if any, due to the Consultant through the date of the termination and the Consultant shall be responsible to comply with the provisions of
                    section 10 hereof.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">10.</font></td>

                <td width="96%">
                    <p><font size="2"><b>Work Product</b>. It is agreed that all information and materials produced for the Client shall be the property of the Consultant, free and clear of all claims thereto by the Client, and the Client shall retain no claim of authorship therein.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">11.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Confidentiality</b>. The Consultant recognizes and acknowledges that it has and will have access to certain confidential information of the Client and its affiliates that are valuable, special and unique assets and property of the Client and such affiliates. The Consultant will not, during the term of this Agreement,
                    disclose, without the prior written consent or authorization of the Client, any of such information to any person, for any reason or purpose whatsoever. In this regard, the Client agrees that such authorization or consent to disclose may be conditioned upon the disclosure being made pursuant to a secrecy agreement, protective order, provision of statute, rule, regulation or procedure under which the confidentiality of the information is maintained in the hands of the person
                    to whom the information is to be disclosed or in compliance with the terms of a judicial order or administrative process.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">12.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Conflict of Interest</b>. The Consultant shall be free to perform services for other persons. The Consultant will notify the Client of its performance of consultant services for any other person, which could conflict with its obligations under the Agreement. Upon receiving such notice, the Client may terminate this
                    Agreement or consent to the Consultant&rsquo;s outside consulting activities; failure to terminate, this Agreement within seven (7) business days of receipt of written notice of conflict shall constitute the Client&rsquo;s ongoing consent to the Consultant&rsquo;s outside consulting services.</font></p>
                </td>
            </tr>
        </table>
        <font size="2"><br>
        </font>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">13.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Disclaimer of Responsibility for Act of the Client</b>. In no event shall Consultant be required by this Agreement to represent or make management decisions for the Client. Consultant shall under no circumstances be liable for any expense incurred or loss suffered by the Client as a consequence of such decisions, made
                    by the Client or any affiliates or subsidiaries of the Client.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

                <td width="96%"><font size="2"><b>Indemnification.</b></font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2">(a) The client shall protect, defend, indemnify and hold Consultant and its assigns and attorneys, accountants, employees, officers and director harmless from and against all losses, liabilities, damages, judgments, claims, counterclaims, demands, actions, proceedings, costs and expenses (including reasonable
                    attorneys&rsquo; fees) of every kind and character resulting from, relating to or arising out of (a) the inaccuracy, non-fulfillment or breach of any representation, warranty, covenant or agreement made by the Client herein, or (b) negligent or willful misconduct, occurring during the term thereof with respect to any of the decisions made by the Client (c) a violation of state or federal securities laws.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2">(b) The Consultant shall protect, defend, indemnify and hold Client and its assigns and attorneys, accountants, employees, officers and director harmless from and against all losses, liabilities, damages, judgments, claims, counterclaims, demands, actions, proceedings, costs and expenses (including reasonable
                    attorneys&rsquo; fees) of every kind and character resulting from, relating to or arising out of (a) the inaccuracy, non-fulfillment or breach of any representation, warranty, covenant or agreement made by the Consultant herein, or (b) negligent or willful misconduct, occurring during the term thereof with respect to any of the decisions made by the Consultant (c) a violation of state or federal securities laws.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">15.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Notices</b>. Any notices required or permitted to be given under this Agreement shall be sufficient if in writing and delivered or sent by registered or certified mail, or by Federal Express or other recognized overnight courier to the principal office of each party.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">16.</font></td>

                <td width="96%"><font size="2"><strong>Waiver of Breach</strong>. Any waiver by either party or a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any subsequent breach by any party.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">17.&nbsp;</font></td>

                <td width="96%"><font size="2"><strong>Assignment.</strong> This Agreement and the right and obligations of the Consultant hereunder shall not be assignable without the written consent of the Client.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <p></p>

        <p></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">18.</font></td>

                <td width="96%"><font size="2"><strong>Applicable Law</strong>. It is the intention of the parties hereto that this Agreement and the performance hereunder and all suits and special proceedings hereunder be construed in accordance with and under and pursuant to the laws of the State of California and that in any action, special proceeding or other proceedings that may be brought arising out of, in connection with or by reason of this Agreement, the law of the State of California
                shall be applicable and shall govern to the exclusion of the law of any other forum, without regard to the jurisdiction on which any action or special proceeding may be instituted.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">19.</font></td>

                <td width="96%"><font size="2"><strong>Severability</strong>. All agreements and covenants contained herein are severable, and in the event any of them shall be held to be invalid by any competent court, the Agreement shall be interpreted as if such invalid agreements or covenants were not contained herein.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">20.</font></td>

                <td width="96%"><font size="2"><strong>Entire Agreement</strong>. This Agreement constitutes and embodies the entire understanding and agreement of the parties and supersedes and replaces all other or prior understandings, agreements and negotiations between the parties.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">21.</font></td>

                <td width="96%"><font size="2"><strong>Waiver and Modification</strong>. Any waiver, alteration, or modification of any of the provisions of this Agreement shall be valid only if made in writing and signed by the parties hereto. Each party hereto, may waive any of its rights hereunder without affecting a waiver with respect to any subsequent occurrences or transactions hereof.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">22.</font></td>

                <td width="96%"><font size="2"><strong>Binding Arbitration</strong>. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration administered by the JAMS under its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. The arbitration shall be conducted in Orange County, California. </font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">23.</font></td>

                <td width="96%"><font size="2"><strong>Counterparts and Facsimile Signature</strong>. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. Execution and delivery of this Agreement by exchange of facsimile copies bearing the facsimile signature of a party hereto shall constitute a valid and binding execution and delivery of this Agreement
                by such party. Such facsimile copies shall constitute enforceable original documents.</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: -0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Hang Ind Lev 0" align="justify"><font size="2"><b>IN WITNESS WHEREOF</b>, the parties hereto have duly executed and delivered this Agreement, effective as of the date set forth above.</font></p>

        <p style="TEXT-INDENT: 0px; MARGIN-LEFT: 0in" align="left"><font size="2">If you are in agreement with the foregoing, please execute and return one copy of this letter to the undersigned. Thank you. We look forward to working with you.</font></p>

        <p></p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td colspan="2"><font size="2">CONSULTANT:</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td colspan="2"><strong><font size="2">Blake Holden</font></strong></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp; </font></td>

                <td width="46"><font size="2">&nbsp; </font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">By:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="438"><font size="2">&nbsp;/s/ BLAKE HOLDEN</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">DATE:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="413"><font size="2">&nbsp;10/18/2010</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">Blake Holden</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td colspan="2"><font size="2">CLIENT:</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><strong><font size="2">VIVK</font></strong></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">DATE:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">By:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">Title:</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp; </font></td>

                <td width="413"><font size="2">&nbsp; </font></td>

                <td width="253">&nbsp;</td>
            </tr>
        </table>
        <br>
        <br>

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    </body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>vi_ex103-100930.htm
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body link="#0000ff" bgcolor="#ffffff" text="#000000" vlink="#800000">
        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="right"><b><font size="2">Exhibit 10.3</font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="center"><b><font size="2">CONSULTING AGREEMENT</font></b></p>

        <p></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><strong>THIS CONSULTING AGREEMENT</strong> (the &ldquo;Agreement&rdquo;) is made and entered into effective the 18th day of October 2010 by and between James C. Short (the &ldquo;Consultant&rdquo;), whose principal place of business 9 Fieldhouse, Ladera Ranch, CA 92694 , and Vivakor, Inc (VIVK) (the &ldquo;Client&rdquo;) whose principal place of
        business is 5450 NE 12th Ave Pleasant Hill, Iowa 50327.</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2"><b>WHEREAS</b>, Consultant is in the business of providing services for management consulting, business advisory, shareholder information and public relations; and<br>
        &nbsp; </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>WHEREAS</b>, the Client deems it to be in its best interest to retain Consultant to render to the Client such services as may be needed; and<br>
        &nbsp; </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>WHEREAS</b>, Consultant is ready, willing and able to render such consulting and advisory services to Client.<br>
        &nbsp; </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>NOW THEREFORE</b>, in consideration of the mutual promises and covenants set forth in this Agreement, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><strong><font size="2">1.</font></strong></td>

                <td width="96%"><font size="2"><strong>Consulting Services.</strong> The client hereby retains the Consultant as an independent consultant to the Client and the Consultant hereby accepts and agrees to such retention.</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">&nbsp;</font></td>

                <td width="96%">
                    <p><font size="2">It is acknowledged and agreed by the Client that Consultant carries no professional licenses, and is not rendering legal advice or performing accounting services, nor acting as an investment advisor or brokerage/dealer within the meaning of the applicable state and federal securities laws. The services of Consultant shall not be Exclusive nor shall Consultant be required to render any specific number of hours or assign specific personnel to the Client or
                    its projects.</font></p>

                    <p><font size="2">Consultant agrees to serve as Representative for acquisitions to VIVK , Inc. (VIVK) and to provide and/or perform the following, hereafter collectively referred to as the &ldquo;Services&rdquo;:</font></p>
                </td>
            </tr>
        </table>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in" align="left"><font size="2">Complete an analysis of VIVK&rsquo;s business and industry, and follow with a comprehensive background report that summarizes VIVK&rsquo;s corporate and profile (the &ldquo;Corporate Profile&rdquo;) that shall be available for distribution to business partners, or others as VIVK shall deem appropriate.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Work with VIVK, its counsel or other representatives to revise and/or draft any other documents that may be necessary in VIVK&rsquo;s efforts to secure the presentation of the company to the future acquisition.</font></td>
            </tr>
        </table>
        <br>
        <br>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Assist VIVK in efforts to seek additional business/business relationships that will be of benefit to VIVK.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Introduce VIVK to potential target acquisitions, market professionals, including broker-dealers, mutual funds, and other institutional investors; providing the Company with advice regarding acquisitions.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Best Efforts. CONSULTANT shall devote such time and effort, as it deems commercially reasonable and adequate under the circumstances to the affairs of VIVK to render the consulting services contemplated by this agreement. CONSULTANT is not responsible for the performance of any services, which may be rendered hereunder without VIVK providing the necessary information in writing prior thereto, nor shall VIVK include any services that
                constitute the rendering of any legal opinions or performance of work that is in the ordinary purview of the Certified Public Accountant. CONSULTANT cannot guarantee results on behalf of VIVK, but shall pursue all reasonable avenues available through its network of contacts. At such time as an interest is expressed by a third party in VIVK&rsquo;s needs, CONSULTANT shall notify VIVK and advise it as to the source of such interest and any terms and conditions of such interest.
                The acceptance and consumption of any transaction is subject to acceptance of the terms and conditions by VIVK in its sole discretion. It is understood that a portion of the compensation paid hereunder is being paid by VIVK to have CONSULTANT remain available to advise it on transactions on an as-needed basis.</font></td>
            </tr>
        </table>
        &nbsp;<br>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">2.</font></td>

                <td width="96%">
                    <p style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" align="justify"><b>Independent Contractor</b>. Consultant agrees to perform its consulting duties hereto as an independent contractor. Nothing contained herein shall be considered to as creating an employer-employee relationship between the parties to this Agreement. The Client shall not make social security, worker&rsquo;s compensation or unemployment insurance payments on behalf of Consultant. The
                    parties hereto acknowledge and agree that Consultant cannot guarantee the results or effectiveness of any of the services rendered or to be rendered by Consultant. Rather, Consultant shall conduct its operations and provide its services in a professional manner and in accordance with good industry practice. Consultant will use its best efforts and does not promise results.</p>
                </td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">3.</font></td>

                <td width="96%"><font size="2"><strong>Time, Place and Manner of Performance</strong>. The Consultant shall be available for advice and counsel to the officers and directors of the Client as such reasonable and convenient times and places as may be mutually agreed upon. Except as aforesaid, the time, place and manner of performance of the services hereunder, including the amount of time to be allocated by the Consultant to any specific service, shall be determined at the sole
                discretion of the Consultant. </font></td>
            </tr>
        </table>
        <br>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><font size="2"><b>&nbsp;</b> </font></font></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><font size="2"><b>&nbsp;</b> </font></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">4.</font></td>

                <td width="96%"><font size="2"><strong>Term of Agreement</strong>. The term of this Agreement shall be Four (4) months, commencing on the date of this Agreement, subject to prior termination as hereinafter provided.</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><font size="2"><b>&nbsp;</b> </font></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">5.</font></td>

                <td width="96%"><font size="2"><strong>Compensation</strong>. In providing the foregoing services, Consultant shall be responsible for all costs incurred except the Client will be responsible for mailing out due diligence requests. Client shall pay Consultant for its services hereunder as follows: to arrange for one or more third parties to transfer 4,000,000 free trading shares of Client&rsquo;s common stock to Consultant upon signing of this agreement.</font> </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify"></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify">(a) If the Consultant introduces the Company to any merger, acquisition or to a candidate for acquisition of any portion of the Company or facilitates a merger or acquisition with a public or private company (the &ldquo;Merger&rdquo;), which the Company closes, the Company shall pay the Consultant a fee
        consisting of cash in an amount equal to five percent (5%) of the total gross proceeds of the Merger and the Merger on a post-financing, fully-diluted basis.</p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify"><font size="2">(b) All cash fees due the Consultant hereunder shall be paid to the Consultant immediately upon closing of any Equity Financing, Merger, and Transaction (collectively, the &ldquo;Fee Transaction&rdquo;) by wire transfer of immediately available funds from the proceeds of the Fee Transaction,
        either directly or from the formal or informal escrow arrangement established for the Fee Transaction, pursuant to the written wire transfer instructions of the Consultant to the Closing Agent.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify"><font size="2">(c) The Company authorizes and directs the Closing Agent to distribute directly or from escrow any and all fees due the Consultant hereunder. The Company agrees that such fees and the manner of payment and delivery as herein provided shall be included in the documentation of any Fee
        Transaction.</font></p>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>Client&rsquo;s Representations.</b> The Client represents that it is in compliance with all applicable Securities and Exchange Commission reporting and accounting requirements and all applicable requirements of the NASD or any stock exchange. The Client further represents that it has not been and is not the subject of any enforcement proceeding or injunction by the Securities
                    and Exchange Commission or any state securities agency. </font></p>
                </td>
            </tr>
        </table>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><b><u><font size="2">REPRESENTATIONS, WARRANTIES AND COVENANTS</font></u></b></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b><u>SEC Legal Compliance.</u></b> CONSULTANT hereby represents that it has in place policies and procedures relating to, and addressing, with the commercially reasonable intent to ensure compliance with, applicable securities laws, rules and regulations, including, but not limited to:</font></p>
                </td>
            </tr>
        </table>
        <br>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">The use, release or other publication of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act</font></p>
                </td>
            </tr>
        </table>
        <br>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Disclosure requirements outlined in Section 17B of the Exchange Act regarding the required disclosure of the nature and terms of Consultant&rsquo;s relationship with VIVK in any and all CONSULTANT literature or other communication(s) relating to VIVK, including, but not limited to: Press Releases, letters to investors and telephone or other personal communication(s) with potential or current investors.</font></td>
            </tr>
        </table>
        <br>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in" align="left"><font size="2">CONSULTANT further acknowledges that by the very nature of its relationship with VIVK it will, from time to time, have knowledge of or access to material non-public information (as such term is defined by the Exchange Act) CONSULTANT hereby agrees and covenants that:<br>
        </font></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">CONSULTANT will not make any purchases or sales in the stock of VIVK based on such information.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">CONSULTANT will utilize its commercially reasonable efforts to safeguard and prevent the dissemination of such information to third parties unless authorized in writing by VIVK to do so as may be necessary in the performance of its Services under this Agreement.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">VIVK will not, in any way, utilize or otherwise include such information, in actual form or in substantive content, in its analysis for, preparation of or release of any CONSULTANT literature or other communication(s) relating to VIVK, including, but not limited to: Press Releases, letters to investors and telephone or other personal communication(s) with potential or current investors.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" valign="top" width="4%">
                    <p align="left"><font size="2">8.</font></p>
                </td>

                <td valign="top" width="96%">
                    <p align="justify"><font size="2"><b>Non-Circumvention.</b> VIVK hereby irrevocably agrees not to circumvent, avoid, bypass, or obviate, directly or indirectly, the intent of this Agreement, to avoid payment of fees in any transaction with any corporation, partnership or individual introduced by CONSULTANT to VIVK, in connection with any project, acquisition, any loans or collateral, or other transaction involving any products, transfers or services, or addition, renewal
                    extension, rollover, amendment, renegotiations, new contracts, parallel contracts/agreements, or third party assignments thereof.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" valign="top" width="4%">
                    <p align="left"><font size="2"><font size="2"><font size="2">9.</font></font></font></p>
                </td>

                <td valign="top" width="96%">
                    <p align="justify"><font size="2"><strong>Termination</strong>.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">&nbsp;</font></td>

                <td valign="top" width="4%">
                    <p><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">Consultant&rsquo;s relationship with the Client hereunder may be terminated for any reason whatsoever, at any time, by either party, upon 30 days written prior notice.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">This Agreement shall automatically terminate upon the dissolution, bankruptcy or insolvency of the Client or Consultant.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">This Agreement may be terminated by either party upon giving written notice to the other party if the other party is in default hereunder and such default is not cured within fifteen (15) days of receipt of written notice of such default.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">Consultant and Client shall have the right and discretion to terminate this Agreement should the other party in performing their duties hereunder, violate any law, ordinance, permit or regulation of any governmental entity, except for violations which either singularly or in the aggregate do not have or will not have a material adverse effect on the operations of the Client.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">In the event of any termination hereunder all shares or funds paid to the Consultant through the date of termination shall be fully earned and non-refundable and the parties shall have no further responsibilities to each other except that the Client shall be responsible to make any and all payments if any, due to the Consultant through the date of the termination and the Consultant shall be responsible to comply with the provisions of
                    section 10 hereof.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">10.</font></td>

                <td width="96%">
                    <p><font size="2"><b>Work Product</b>. It is agreed that all information and materials produced for the Client shall be the property of the Consultant, free and clear of all claims thereto by the Client, and the Client shall retain no claim of authorship therein.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">11.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Confidentiality</b>. The Consultant recognizes and acknowledges that it has and will have access to certain confidential information of the Client and its affiliates that are valuable, special and unique assets and property of the Client and such affiliates. The Consultant will not, during the term of this Agreement,
                    disclose, without the prior written consent or authorization of the Client, any of such information to any person, for any reason or purpose whatsoever. In this regard, the Client agrees that such authorization or consent to disclose may be conditioned upon the disclosure being made pursuant to a secrecy agreement, protective order, provision of statute, rule, regulation or procedure under which the confidentiality of the information is maintained in the hands of the person
                    to whom the information is to be disclosed or in compliance with the terms of a judicial order or administrative process.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">12.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Conflict of Interest</b>. The Consultant shall be free to perform services for other persons. The Consultant will notify the Client of its performance of consultant services for any other person, which could conflict with its obligations under the Agreement. Upon receiving such notice, the Client may terminate this
                    Agreement or consent to the Consultant&rsquo;s outside consulting activities; failure to terminate, this Agreement within seven (7) business days of receipt of written notice of conflict shall constitute the Client&rsquo;s ongoing consent to the Consultant&rsquo;s outside consulting services.</font></p>
                </td>
            </tr>
        </table>
        <font size="2"><br>
        </font>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">13.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Disclaimer of Responsibility for Act of the Client</b>. In no event shall Consultant be required by this Agreement to represent or make management decisions for the Client. Consultant shall under no circumstances be liable for any expense incurred or loss suffered by the Client as a consequence of such decisions, made
                    by the Client or any affiliates or subsidiaries of the Client.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

                <td width="96%"><font size="2"><b>Indemnification.</b></font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2">(a) The client shall protect, defend, indemnify and hold Consultant and its assigns and attorneys, accountants, employees, officers and director harmless from and against all losses, liabilities, damages, judgments, claims, counterclaims, demands, actions, proceedings, costs and expenses (including reasonable
                    attorneys&rsquo; fees) of every kind and character resulting from, relating to or arising out of (a) the inaccuracy, non-fulfillment or breach of any representation, warranty, covenant or agreement made by the Client herein, or (b) negligent or willful misconduct, occurring during the term thereof with respect to any of the decisions made by the Client (c) a violation of state or federal securities laws.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2">(b) The Consultant shall protect, defend, indemnify and hold Client and its assigns and attorneys, accountants, employees, officers and director harmless from and against all losses, liabilities, damages, judgments, claims, counterclaims, demands, actions, proceedings, costs and expenses (including reasonable
                    attorneys&rsquo; fees) of every kind and character resulting from, relating to or arising out of (a) the inaccuracy, non-fulfillment or breach of any representation, warranty, covenant or agreement made by the Consultant herein, or (b) negligent or willful misconduct, occurring during the term thereof with respect to any of the decisions made by the Consultant (c) a violation of state or federal securities laws.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">15.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Notices</b>. Any notices required or permitted to be given under this Agreement shall be sufficient if in writing and delivered or sent by registered or certified mail, or by Federal Express or other recognized overnight courier to the principal office of each party.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">16.</font></td>

                <td width="96%"><font size="2"><strong>Waiver of Breach</strong>. Any waiver by either party or a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any subsequent breach by any party.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">17.&nbsp;</font></td>

                <td width="96%"><font size="2"><strong>Assignment.</strong> This Agreement and the right and obligations of the Consultant hereunder shall not be assignable without the written consent of the Client.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <p></p>

        <p></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">18.</font></td>

                <td width="96%"><font size="2"><strong>Applicable Law</strong>. It is the intention of the parties hereto that this Agreement and the performance hereunder and all suits and special proceedings hereunder be construed in accordance with and under and pursuant to the laws of the State of California and that in any action, special proceeding or other proceedings that may be brought arising out of, in connection with or by reason of this Agreement, the law of the State of California
                shall be applicable and shall govern to the exclusion of the law of any other forum, without regard to the jurisdiction on which any action or special proceeding may be instituted.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">19.</font></td>

                <td width="96%"><font size="2"><strong>Severability</strong>. All agreements and covenants contained herein are severable, and in the event any of them shall be held to be invalid by any competent court, the Agreement shall be interpreted as if such invalid agreements or covenants were not contained herein.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">20.</font></td>

                <td width="96%"><font size="2"><strong>Entire Agreement</strong>. This Agreement constitutes and embodies the entire understanding and agreement of the parties and supersedes and replaces all other or prior understandings, agreements and negotiations between the parties.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">21.</font></td>

                <td width="96%"><font size="2"><strong>Waiver and Modification</strong>. Any waiver, alteration, or modification of any of the provisions of this Agreement shall be valid only if made in writing and signed by the parties hereto. Each party hereto, may waive any of its rights hereunder without affecting a waiver with respect to any subsequent occurrences or transactions hereof.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">22.</font></td>

                <td width="96%"><font size="2"><strong>Binding Arbitration</strong>. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration administered by the JAMS under its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. The arbitration shall be conducted in Orange County, California. </font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">23.</font></td>

                <td width="96%"><font size="2"><strong>Counterparts and Facsimile Signature</strong>. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. Execution and delivery of this Agreement by exchange of facsimile copies bearing the facsimile signature of a party hereto shall constitute a valid and binding execution and delivery of this Agreement
                by such party. Such facsimile copies shall constitute enforceable original documents.</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: -0.5in; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-LEFT: 0.5in; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR Hang Ind Lev 0" align="justify"><font size="2"><b>IN WITNESS WHEREOF</b>, the parties hereto have duly executed and delivered this Agreement, effective as of the date set forth above.</font></p>

        <p style="TEXT-INDENT: 0px; MARGIN-LEFT: 0in" align="left"><font size="2">If you are in agreement with the foregoing, please execute and return one copy of this letter to the undersigned. Thank you. We look forward to working with you.</font></p>

        <p></p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td colspan="2"><font size="2">CONSULTANT:</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td colspan="2"><strong><font size="2">James C. Short</font></strong></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp; </font></td>

                <td width="46"><font size="2">&nbsp; </font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">By:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">DATE:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">James C. Short</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td colspan="2"><font size="2">CLIENT:</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><strong><font size="2">VIVK</font></strong></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">DATE:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">By:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">Title:</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp; </font></td>

                <td width="413"><font size="2">&nbsp; </font></td>

                <td width="253">&nbsp;</td>
            </tr>
        </table>
        <br>
        <br>

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    </body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>vi_ex104-100930.htm
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body link="#0000ff" bgcolor="#ffffff" text="#000000" vlink="#800000">
        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="right"><b><font size="2">Exhibit 10.4</font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-WEIGHT: bold" align="center"><b><font size="2">CONSULTING AGREEMENT</font></b></p>

        <p></p>

        <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="left"><strong>THIS CONSULTING AGREEMENT</strong> (the &ldquo;Agreement&rdquo;) is made and entered into effective the 25th day of October 2010 by and between Trent Staggs (the &ldquo;Consultant&rdquo;), whose principal place of business_______________, UT _____, and Vivakor, Inc (VIVK) (the &ldquo;Client&rdquo;) whose principal place of business is 5450 NE
        12th Ave Pleasant Hill, Iowa 50327.</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>WHEREAS</b>, Consultant is in the business of providing services for management consulting, business advisory, shareholder information and public relations; and<br>
        &nbsp; </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>WHEREAS</b>, the Client deems it to be in its best interest to retain Consultant to render to the Client such services as may be needed; and<br>
        &nbsp; </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>WHEREAS</b>, Consultant is ready, willing and able to render such consulting and advisory services to Client.<br>
        &nbsp; </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>NOW THEREFORE</b>, in consideration of the mutual promises and covenants set forth in this Agreement, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><strong><font size="2">1.</font></strong></td>

                <td width="96%"><font size="2"><strong>Consulting Services.</strong> The client hereby retains the Consultant as an independent consultant to the Client and the Consultant hereby accepts and agrees to such retention.</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">&nbsp;</font></td>

                <td width="96%">
                    <p><font size="2">It is acknowledged and agreed by the Client that Consultant carries no professional licenses, and is not rendering legal advice or performing accounting services, nor acting as an investment advisor or brokerage/dealer within the meaning of the applicable state and federal securities laws. The services of Consultant shall not be Exclusive nor shall Consultant be required to render any specific number of hours or assign specific personnel to the Client or
                    its projects.</font></p>

                    <p><font size="2">Consultant agrees to serve as Representative for acquisitions to VIVK , Inc. (VIVK) and to provide and/or perform the following, hereafter collectively referred to as the &ldquo;Services&rdquo;:</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in" align="left"><font size="2">Complete an analysis of VIVK&rsquo;s business and industry, and follow with a comprehensive background report that summarizes VIVK&rsquo;s corporate and profile (the &ldquo;Corporate Profile&rdquo;) that shall be available for distribution to business partners, or others as VIVK shall deem appropriate.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Work with VIVK, its counsel or other representatives to revise and/or draft any other documents that may be necessary in VIVK&rsquo;s efforts to secure the presentation of the company to the future acquisition.</font></td>
            </tr>
        </table>
        <br>
        <br>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Assist VIVK in efforts to seek additional business/business relationships that will be of benefit to VIVK.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Introduce VIVK to potential target acquisitions, market professionals, including broker-dealers, mutual funds, and other institutional investors; providing the Company with advice regarding acquisitions.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Best Efforts. CONSULTANT shall devote such time and effort, as it deems commercially reasonable and adequate under the circumstances to the affairs of VIVK to render the consulting services contemplated by this agreement. CONSULTANT is not responsible for the performance of any services, which may be rendered hereunder without VIVK providing the necessary information in writing prior thereto, nor shall VIVK include any services that
                constitute the rendering of any legal opinions or performance of work that is in the ordinary purview of the Certified Public Accountant. CONSULTANT cannot guarantee results on behalf of VIVK, but shall pursue all reasonable avenues available through its network of contacts. At such time as an interest is expressed by a third party in VIVK&rsquo;s needs, CONSULTANT shall notify VIVK and advise it as to the source of such interest and any terms and conditions of such interest.
                The acceptance and consumption of any transaction is subject to acceptance of the terms and conditions by VIVK in its sole discretion. It is understood that a portion of the compensation paid hereunder is being paid by VIVK to have CONSULTANT remain available to advise it on transactions on an as-needed basis.</font></td>
            </tr>
        </table>
        <br>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">2.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><b>Independent Contractor</b>. Consultant agrees to perform its consulting duties hereto as an independent contractor. Nothing contained herein shall be considered to as creating an employer-employee relationship between the parties to this Agreement. The Client shall not make social security, worker&rsquo;s compensation or unemployment
                    insurance payments on behalf of Consultant. The parties hereto acknowledge and agree that Consultant cannot guarantee the results or effectiveness of any of the services rendered or to be rendered by Consultant. Rather, Consultant shall conduct its operations and provide its services in a professional manner and in accordance with good industry practice. Consultant will use its best efforts and does not promise results.</p>
                </td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">3.</font></td>

                <td width="96%"><font size="2"><strong>Time, Place and Manner of Performance</strong>. The Consultant shall be available for advice and counsel to the officers and directors of the Client as such reasonable and convenient times and places as may be mutually agreed upon. Except as aforesaid, the time, place and manner of performance of the services hereunder, including the amount of time to be allocated by the Consultant to any specific service, shall be determined at the sole
                discretion of the Consultant. </font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><font size="2"><b>&nbsp;</b> </font></font></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><font size="2"><b>&nbsp;</b> </font></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">4.</font></td>

                <td width="96%"><font size="2"><strong>Term of Agreement</strong>. The term of this Agreement shall be Four (4) months, commencing on the date of this Agreement, subject to prior termination as hereinafter provided.</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><font size="2"><b>&nbsp;</b> </font></font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">5.</font></td>

                <td width="96%"><font size="2"><strong>Compensation</strong>. In providing the foregoing services, Consultant shall be responsible for all costs incurred except the Client will be responsible for mailing out due diligence requests. Client shall pay Consultant for its services hereunder as follows: to arrange for one or more third parties to transfer 4,000,000 restricted shares of Client&rsquo;s common stock to Consultant upon signing of this agreement.</font> </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify"></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify">(a) If the Consultant introduces the Company to any merger, acquisition or to a candidate for acquisition of any portion of the Company or facilitates a merger or acquisition with a public or private company (the &ldquo;Merger&rdquo;), which the Company closes, the Company shall pay the Consultant a fee
        consisting of cash in an amount equal to five percent (5%) of the total gross proceeds of the Merger and the Merger on a post-financing, fully-diluted basis.</p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify"><font size="2">(b) All cash fees due the Consultant hereunder shall be paid to the Consultant immediately upon closing of any Equity Financing, Merger, and Transaction (collectively, the &ldquo;Fee Transaction&rdquo;) by wire transfer of immediately available funds from the proceeds of the Fee Transaction,
        either directly or from the formal or informal escrow arrangement established for the Fee Transaction, pursuant to the written wire transfer instructions of the Consultant to the Closing Agent.</font></p>

        <p style="TEXT-ALIGN: left; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR First Line Ind 1 Inch" align="justify"><font size="2">(c) The Company authorizes and directs the Closing Agent to distribute directly or from escrow any and all fees due the Consultant hereunder. The Company agrees that such fees and the manner of payment and delivery as herein provided shall be included in the documentation of any Fee
        Transaction.</font></p>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b>Client&rsquo;s Representations.</b> The Client represents that it is in compliance with all applicable Securities and Exchange Commission reporting and accounting requirements and all applicable requirements of the NASD or any stock exchange. The Client further represents that it has not been and is not the subject of any enforcement proceeding or injunction by the Securities
                    and Exchange Commission or any state securities agency. </font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><b><u><font size="2">REPRESENTATIONS, WARRANTIES AND COVENANTS</font></u></b></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><font size="2"><b><u>SEC Legal Compliance.</u></b> CONSULTANT hereby represents that it has in place policies and procedures relating to, and addressing, with the commercially reasonable intent to ensure compliance with, applicable securities laws, rules and regulations, including, but not limited to:</font></p>
                </td>
            </tr>
        </table>
        <br>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">The use, release or other publication of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act</font></p>
                </td>
            </tr>
        </table>
        <br>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%"><font size="2">Disclosure requirements outlined in Section 17B of the Exchange Act regarding the required disclosure of the nature and terms of Consultant&rsquo;s relationship with VIVK in any and all CONSULTANT literature or other communication(s) relating to VIVK, including, but not limited to: Press Releases, letters to investors and telephone or other personal communication(s) with potential or current investors.</font></td>
            </tr>
        </table>
        <br>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in" align="left"><font size="2">CONSULTANT further acknowledges that by the very nature of its relationship with VIVK it will, from time to time, have knowledge of or access to material non-public information (as such term is defined by the Exchange Act) CONSULTANT hereby agrees and covenants that:<br>
        </font></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">CONSULTANT will not make any purchases or sales in the stock of VIVK based on such information.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">CONSULTANT will utilize its commercially reasonable efforts to safeguard and prevent the dissemination of such information to third parties unless authorized in writing by VIVK to do so as may be necessary in the performance of its Services under this Agreement.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="left"><font size="2">VIVK will not, in any way, utilize or otherwise include such information, in actual form or in substantive content, in its analysis for, preparation of or release of any CONSULTANT literature or other communication(s) relating to VIVK, including, but not limited to: Press Releases, letters to investors and telephone or other personal communication(s) with potential or current investors.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" valign="top" width="4%">
                    <p align="left"><font size="2">8.</font></p>
                </td>

                <td valign="top" width="96%">
                    <p align="justify"><font size="2"><b>Non-Circumvention.</b> VIVK hereby irrevocably agrees not to circumvent, avoid, bypass, or obviate, directly or indirectly, the intent of this Agreement, to avoid payment of fees in any transaction with any corporation, partnership or individual introduced by CONSULTANT to VIVK, in connection with any project, acquisition, any loans or collateral, or other transaction involving any products, transfers or services, or addition, renewal
                    extension, rollover, amendment, renegotiations, new contracts, parallel contracts/agreements, or third party assignments thereof.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" valign="top" width="4%">
                    <p align="left"><font size="2"><font size="2"><font size="2">9.</font></font></font></p>
                </td>

                <td valign="top" width="96%">
                    <p align="justify"><font size="2"><strong>Termination</strong>.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">&nbsp;</font></td>

                <td valign="top" width="4%">
                    <p><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">Consultant&rsquo;s relationship with the Client hereunder may be terminated for any reason whatsoever, at any time, by either party, upon 30 days written prior notice.</font></p>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">This Agreement shall automatically terminate upon the dissolution, bankruptcy or insolvency of the Client or Consultant.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">This Agreement may be terminated by either party upon giving written notice to the other party if the other party is in default hereunder and such default is not cured within fifteen (15) days of receipt of written notice of such default.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">Consultant and Client shall have the right and discretion to terminate this Agreement should the other party in performing their duties hereunder, violate any law, ordinance, permit or regulation of any governmental entity, except for violations which either singularly or in the aggregate do not have or will not have a material adverse effect on the operations of the Client.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td valign="top" width="4%">
                    <p><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top" width="92%">
                    <p align="justify"><font size="2">In the event of any termination hereunder all shares or funds paid to the Consultant through the date of termination shall be fully earned and non-refundable and the parties shall have no further responsibilities to each other except that the Client shall be responsible to make any and all payments if any, due to the Consultant through the date of the termination and the Consultant shall be responsible to comply with the provisions of
                    section 10 hereof.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">10.</font></td>

                <td width="96%">
                    <p><font size="2"><b>Work Product</b>. It is agreed that all information and materials produced for the Client shall be the property of the Consultant, free and clear of all claims thereto by the Client, and the Client shall retain no claim of authorship therein.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">11.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Confidentiality</b>. The Consultant recognizes and acknowledges that it has and will have access to certain confidential information of the Client and its affiliates that are valuable, special and unique assets and property of the Client and such affiliates. The Consultant will not, during the term of this Agreement,
                    disclose, without the prior written consent or authorization of the Client, any of such information to any person, for any reason or purpose whatsoever. In this regard, the Client agrees that such authorization or consent to disclose may be conditioned upon the disclosure being made pursuant to a secrecy agreement, protective order, provision of statute, rule, regulation or procedure under which the confidentiality of the information is maintained in the hands of the person
                    to whom the information is to be disclosed or in compliance with the terms of a judicial order or administrative process.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">12.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Conflict of Interest</b>. The Consultant shall be free to perform services for other persons. The Consultant will notify the Client of its performance of consultant services for any other person, which could conflict with its obligations under the Agreement. Upon receiving such notice, the Client may terminate this
                    Agreement or consent to the Consultant&rsquo;s outside consulting activities; failure to terminate, this Agreement within seven (7) business days of receipt of written notice of conflict shall constitute the Client&rsquo;s ongoing consent to the Consultant&rsquo;s outside consulting services.</font></p>
                </td>
            </tr>
        </table>
        <font size="2"><br>
        </font>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">13.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Disclaimer of Responsibility for Act of the Client</b>. In no event shall Consultant be required by this Agreement to represent or make management decisions for the Client. Consultant shall under no circumstances be liable for any expense incurred or loss suffered by the Client as a consequence of such decisions, made
                    by the Client or any affiliates or subsidiaries of the Client.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

                <td width="96%"><font size="2"><b>Indemnification.</b></font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2">(a) The client shall protect, defend, indemnify and hold Consultant and its assigns and attorneys, accountants, employees, officers and director harmless from and against all losses, liabilities, damages, judgments, claims, counterclaims, demands, actions, proceedings, costs and expenses (including reasonable
                    attorneys&rsquo; fees) of every kind and character resulting from, relating to or arising out of (a) the inaccuracy, non-fulfillment or breach of any representation, warranty, covenant or agreement made by the Client herein, or (b) negligent or willful misconduct, occurring during the term thereof with respect to any of the decisions made by the Client (c) a violation of state or federal securities laws.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%">
                </td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2">(b) The Consultant shall protect, defend, indemnify and hold Client and its assigns and attorneys, accountants, employees, officers and director harmless from and against all losses, liabilities, damages, judgments, claims, counterclaims, demands, actions, proceedings, costs and expenses (including reasonable
                    attorneys&rsquo; fees) of every kind and character resulting from, relating to or arising out of (a) the inaccuracy, non-fulfillment or breach of any representation, warranty, covenant or agreement made by the Consultant herein, or (b) negligent or willful misconduct, occurring during the term thereof with respect to any of the decisions made by the Consultant (c) a violation of state or federal securities laws.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">15.</font></td>

                <td width="96%">
                    <p style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Left 10pt TNR" align="justify"><font size="2"><b>Notices</b>. Any notices required or permitted to be given under this Agreement shall be sufficient if in writing and delivered or sent by registered or certified mail, or by Federal Express or other recognized overnight courier to the principal office of each party.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">16.</font></td>

                <td width="96%"><font size="2"><strong>Waiver of Breach</strong>. Any waiver by either party or a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any subsequent breach by any party.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td width="4%"><font size="2">17.&nbsp;</font></td>

                <td width="96%"><font size="2"><strong>Assignment.</strong> This Agreement and the right and obligations of the Consultant hereunder shall not be assignable without the written consent of the Client.</font></td>
            </tr>
        </table>
        <br>

        <p></p>

        <p></p>

        <p></p>

        <p></p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">18.</font></td>

                <td width="96%"><font size="2"><strong>Applicable Law</strong>. It is the intention of the parties hereto that this Agreement and the performance hereunder and all suits and special proceedings hereunder be construed in accordance with and under and pursuant to the laws of the State of California and that in any action, special proceeding or other proceedings that may be brought arising out of, in connection with or by reason of this Agreement, the law of the State of California
                shall be applicable and shall govern to the exclusion of the law of any other forum, without regard to the jurisdiction on which any action or special proceeding may be instituted.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">19.</font></td>

                <td width="96%"><font size="2"><strong>Severability</strong>. All agreements and covenants contained herein are severable, and in the event any of them shall be held to be invalid by any competent court, the Agreement shall be interpreted as if such invalid agreements or covenants were not contained herein.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">20.</font></td>

                <td width="96%"><font size="2"><strong>Entire Agreement</strong>. This Agreement constitutes and embodies the entire understanding and agreement of the parties and supersedes and replaces all other or prior understandings, agreements and negotiations between the parties.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">21.</font></td>

                <td width="96%"><font size="2"><strong>Waiver and Modification</strong>. Any waiver, alteration, or modification of any of the provisions of this Agreement shall be valid only if made in writing and signed by the parties hereto. Each party hereto, may waive any of its rights hereunder without affecting a waiver with respect to any subsequent occurrences or transactions hereof.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">22.</font></td>

                <td width="96%"><font size="2"><strong>Binding Arbitration</strong>. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration administered by the JAMS under its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. The arbitration shall be conducted in Orange County, California. </font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="4%"><font size="2">23.</font></td>

                <td width="96%"><font size="2"><strong>Counterparts and Facsimile Signature</strong>. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. Execution and delivery of this Agreement by exchange of facsimile copies bearing the facsimile signature of a party hereto shall constitute a valid and binding execution and delivery of this Agreement
                by such party. Such facsimile copies shall constitute enforceable original documents.</font></td>
            </tr>
        </table>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <div style="PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px; FONT-SIZE: 1pt" title="EE+ Page Break">
        </div>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify">&nbsp;</p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"><font size="2"><b>IN WITNESS WHEREOF</b>, the parties hereto have duly executed and delivered this Agreement, effective as of the date set forth above.</font></p>

        <p></p>

        <p style="TEXT-INDENT: 0px; MARGIN-LEFT: 0in" align="left"><font size="2">If you are in agreement with the foregoing, please execute and return one copy of this letter to the undersigned. Thank you. We look forward to working with you.</font></p>

        <p></p>

        <p style="TEXT-INDENT: 0px; MARGIN: 0pt 0.5in 0pt 0in" align="justify"></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td colspan="2"><font size="2">CONSULTANT:</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td colspan="2"><strong><font size="2">Trent Staggs</font></strong></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp; </font></td>

                <td width="46"><font size="2">&nbsp; </font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">By:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">DATE:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">Trent Staggs</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td colspan="2"><font size="2">CLIENT:</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><strong><font size="2">VIVK</font></strong></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">DATE:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">By:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">&nbsp;</font></td>

                <td width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp;</font></td>

                <td width="413"><font size="2">&nbsp;</font></td>

                <td width="253"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td width="3%"><font size="2">Title:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" width="438"><font size="2">&nbsp;</font></td>

                <td width="54"><font size="2">&nbsp;</font></td>

                <td width="46"><font size="2">&nbsp; </font></td>

                <td width="413"><font size="2">&nbsp; </font></td>

                <td width="253">&nbsp;</td>
            </tr>
        </table>
        <font size="2"><br>
        </font><br>
        <br>
    </body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>vi_ex105-100930.htm
<TEXT>
<html>
    <head>
        <title></title>
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    <body link="#0000ff" bgcolor="#ffffff" text="#000000" vlink="#800000">
        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="right"><strong><font size="2">Exhibit 10.5</font></strong></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><strong><font size="4">VIVAKOR, INC.</font></strong></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">8 Technology #165<br>
        Irvine, CA 92618</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="right"><font size="2">November&nbsp; <u>&nbsp;9&nbsp;</u> &nbsp;2010</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">To Whom It May Concern:</font></p>

        <p style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Just 10pt TNR" align="left"><font size="2">SHARE CERTIFICATES</font></p>

        <p style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Just 10pt TNR" align="left"><font size="2">Please be advised that the shares registered in the name of War Chest Capital Multi-Strategy Fund, LLC ("War Chest") for <strong>Five Million (5,000,000)</strong> shares of common stock ("Stock") of Vivakor, Inc., (the "Company"), are validly issued, free trading, fully-paid, non-assessable with no restrictions. The Stock is issued
        based for <strong>$4,629.63</strong> on a per share price of <strong>$0.0009259</strong> which equals <strong>Five Million (5,000,000)</strong> shares. It is understood that neither the Company, nor the transfer agent, will take any action to cancel or encumber the Stock or the share certificate representing the Stock. The Company hereby indemnifies and holds harmless War Chest and any brokerage and/or clearing firm working with War Chest against any all claims with respect to the Stock
        and any reliance on the preceding sentence. These shares are free and clear of any encumbrances.</font></p>

        <p style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Just 10pt TNR" align="left"><font size="2">Very Truly Yours,<br>
        Vivakor, Inc.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">By:&nbsp; <u>/s/ MATT NICOSIA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matt Nicosia</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>

        <p></p>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>vi_ex106-100930.htm
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body link="#0000ff" bgcolor="#ffffff" text="#000000" vlink="#800000">
        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="right"><strong><font size="2">Exhibit 10.6</font></strong></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><strong><font size="4">VIVAKOR, INC.</font></strong></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><font size="2">8 Technology #165<br>
        Irvine, CA 92618</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="right"><font size="2">November&nbsp; <u>&nbsp;9&nbsp;</u> &nbsp;2010</font></p>

        <p style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Just 10pt TNR" align="left"><font size="2">To Whom It May Concern:</font></p>

        <p style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Just 10pt TNR" align="left"><font size="2">SHARE CERTIFICATES</font></p>

        <p style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Just 10pt TNR" align="left"><font size="2">Please be advised that the shares registered in the name of Barclay Lyons, LLC ("Barclay") for <b>Five Million (5,000,000)</b> shares of common stock ("Stock") of Vivakor, Inc., (the "Company"), are validly issued, free trading, fully-paid, non-assessable with no restrictions. The Stock is issued based for <b>$4,629.63</b> on a per
        share price of <b>$0.0009259</b> which equals <b>Five Million (5,000,000)</b> shares. It is understood that neither the Company, nor the transfer agent, will take any action to cancel or encumber the Stock or the share certificate representing the Stock. The Company hereby indemnifies and holds harmless Barclay and any brokerage and/or clearing firm working with Barclay against any all claims with respect to the Stock and any reliance on the preceding sentence. These shares are free and
        clear of any encumbrances.</font></p>

        <p style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; EEPStyleName: Para Just 10pt TNR" align="left"><font size="2">Very Truly Yours,<br>
        Vivakor, Inc.</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">By:&nbsp; <u>/s/ MATT NICOSIA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> </font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matt Nicosia</font></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer</font></p>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>8
<FILENAME>vi_ex311-100930.htm
<TEXT>
<html>
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    </head>

    <body link="#0000ff" bgcolor="#ffffff" text="#000000" vlink="#800000">
        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 10pt; MARGIN-LEFT: 0in" align="right"><b><font size="2">Exhibit 31.1</font></b></p>

        <p></p>

        <p style="MARGIN-TOP: 6.9pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b><font size="2">Certification of Chief Executive Officer Pursuant to </font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b><font size="2">Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934 </font></b></p>

        <p style="MARGIN-TOP: 6.9pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">I, Matt Nicosia, certify that:</font></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">1.</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">I have reviewed this quarterly report on Form 10-Q of Vivakor, Inc.;</font></p>
                </td>
            </tr>
        </table>
        <font size="2">&nbsp;<br>
        </font>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">2.</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report; and </font></p>
                </td>
            </tr>
        </table>
        <font size="2">&nbsp;</font>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">3.</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report. </font></p>
                </td>
            </tr>
        </table>
        <font size="2">&nbsp;</font>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">4.</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">The registrant&rsquo;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: </font></p>
                </td>
            </tr>
        </table>
        <font size="2">&nbsp;</font>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="middle" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">(a)</font></p>
                </td>

                <td valign="top" width="92%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
                    </font></p>
                </td>
            </tr>
        </table>
        <font size="2">&nbsp;</font>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="middle" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">(b)</font></p>
                </td>

                <td valign="top" width="92%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with generally accepted accounting
                    principles; </font></p>
                </td>
            </tr>
        </table>
        <font size="2">&nbsp;<br>
        </font>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="middle" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">(c)</font></p>
                </td>

                <td valign="top" width="92%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Evaluated the effectiveness of the registrant&rsquo;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and </font></p>
                </td>
            </tr>
        </table>
        <font size="2">&nbsp;</font>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="middle" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">(d)</font></p>
                </td>

                <td valign="top" width="92%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Disclosed in this report any change in the registrant&rsquo;s internal control over financial reporting that occurred during the registrant&rsquo;s most recent fiscal quarter (the registrant&rsquo;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&rsquo;s internal
                    control over financial reporting; and </font></p>
                </td>
            </tr>
        </table>
        <font size="2">&nbsp;</font>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">5.</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">The registrant&rsquo;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&rsquo;s auditors and the audit committee of the registrant&rsquo;s board of directors (or persons performing the equivalent functions): </font></p>
                </td>
            </tr>
        </table>
        <font size="2">&nbsp;</font>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="middle" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">(a)</font></p>
                </td>

                <td valign="top" width="92%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&rsquo;s ability to record, process, summarize and report financial information; and </font></p>
                </td>
            </tr>
        </table>
        <font size="2">&nbsp;</font>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="middle" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">(b)</font></p>
                </td>

                <td valign="top" width="92%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&rsquo;s internal control over financial reporting. </font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="middle" width="47%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="middle" width="4%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="middle" width="47%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Date: November 22, 2010</font></p>
                </td>

                <td valign="bottom">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 0.5pt solid" valign="bottom">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: #000000 0.5pt solid" valign="top">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">/s/ Matt Nicosia</font></p>
                </td>
            </tr>

            <tr>
                <td valign="top"><font size="2">&nbsp;</font></td>

                <td valign="bottom">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top"><font size="2">&nbsp;</font></td>

                <td valign="bottom">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Matt Nicosia</font></p>
                </td>
            </tr>

            <tr>
                <td valign="top"><font size="2">&nbsp;</font></td>

                <td valign="bottom">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top"><font size="2">&nbsp;</font></td>

                <td valign="bottom">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Executive Chairman and Chief Executive Officer (Chief Accounting Officer)</font></p>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p></p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>9
<FILENAME>vi_ex321-100930.htm
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body link="#0000ff" bgcolor="#ffffff" text="#000000" vlink="#800000">
        <p style="MARGIN-TOP: 6.9pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="right"><b><font size="2">Exhibit 32.1</font></b></p>

        <p style="MARGIN-TOP: 6.9pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 6.9pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b><font size="2">Certification Pursuant to Rule 13a-14(b)/15d-14(b) of the Securities Exchange Act of 1934 </font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center"><b><font size="2">and 18 U.S.C. Section&nbsp;1350</font></b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Matt Nicosia Executive Chairman and Chief Executive Officer of Vivakor, Inc. (the &ldquo;Company&rdquo;), certifies, pursuant to Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 and 18 U.S.C. Section&nbsp;1350, that:</font></p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">(1)</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">the Quarterly Report on Form 10-Q of the Company for the quarterly period ended September&nbsp;30, 2010 (the &ldquo;Report&rdquo;) fully complies with the requirements of Section&nbsp;13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 780(d)); and </font></p>
                </td>
            </tr>
        </table>
        &nbsp;

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="top" width="4%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">(2)</font></p>
                </td>

                <td valign="top" width="96%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. </font></p>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p>&nbsp;</p>

        <p></p>

        <table border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td valign="middle" width="45%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="middle" width="8%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="middle" width="45%"><font size="2">&nbsp;</font></td>
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            <tr>
                <td valign="top" width="45%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Dated: November 22, 2010</font></p>
                </td>

                <td valign="bottom" width="1%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="8%"><font size="2">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 0.5pt solid" valign="bottom" width="1%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="45%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">/s/ Matt Nicosia</font></p>
                </td>
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            <tr>
                <td valign="top" width="45%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="8%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="45%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Matt Nicosia</font></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="45%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="8%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="bottom" width="45%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font size="2">Executive Chairman and Chief Executive Officer (Chief Accounting Officer)</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 12pt">
                <td valign="middle" width="45%"><font size="2">&nbsp;</font></td>

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                <td valign="top" width="45%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="8%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="45%"><font size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top" width="45%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%">
                    <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;</p>
                </td>

                <td valign="top" width="8%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="1%"><font size="2">&nbsp;</font></td>

                <td valign="bottom" width="45%"><font size="2">&nbsp;</font></td>
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